$NTWO Deep Dive

Xxxx: Xxxxxxxxx 00, 0000 Xxxx: $00.00 (XXXX Xxxxx X, Xxxxxx) — xxx $00.00 / xxx $00.00 Xxxxx xxxxx: $00.00/xxxxx xx Xxxx 00, 0000; ~$00.00 xxxxx, ~$00.00 xx xxx Xxxxxxxx xxxx xxxxxx (xxxxxxxx xx X-xxxx xxxx) Xxxxxxx xx xxxxx: ~0.0% Xxxxxxxxx: Xxxxxxxxx_Xxxx.xx (xxx xxxxxxxxxx, XX/xxxx xxxxxxxxx, xxxxxxxx xxxxx) Xxxxxxx xx xxxxx: Xxxxxxxxx 0.00 xxx Xxxxxxxxx 0/00 (XX/xxxx 0.00x xxxx-xxxxxxx, 0.00x xxx-xxxxx xxxxx) → xxxxx xxx xxxxxxxxxx xxxxxxxxx. XXXX xx xxx xxxxxx xxxxxxx xxx xx-XXXX. Xx-xxxxx xx X-0 xxxxxx. XX/xxxx xx xxxxx 0.0x, xxxxx xx xxx xxx xxxxxxxxx xxxxx xxxxx xxx xxxxxxxxx xxxxxxx "xxxx xxx xxx xxxx xxxxx" — xxx xxx xxxx xxxxx xxxx (xxx X-0 xxxx xxxxxx xxxxxx xxxxxxxxxx) xx 0-0 xxxxx xxx xxx xxxx xxxx xxx xxxxx xx xxx xxxxxxxxx xx xxx xxxxx xx x xxx.

0. Xxxxxxxx

0. Xxxxxxxx

XXXX Xxxxxxxx (Xxxxxxxxxxxx, xxxxxxx 0000 xx Xxxxxx Xxxxxx) xxxxx x xxxxxxx-xxxxxxxx xxxxxxxxxx-xxxxxx xxxxx xxx xxxxxx xxx xxxxxxxxxx xxxxxxxx — xxxx xx xxx xxxxxx "Xxx Xxxxx Xxxxx xxx Xxxxxxxx XX." Xxxxxxxxxx: XXX0 / XXx-xxxxxxxxx (XXX 00000 / XXX 00000) xxxxxxxx xxxxxxxxx xxxxx, xxxxxx xxxxxx xxxxxxxx, xx xxxxxxxx xxxxxx xxxxxxxxxx xxxx xxxx xxxxxxx xxx XX/xxxxxxxx xxxxx xxx xxx xxxxxxxxx, xxxxxx xxxxxxxx xxxxx, xxx x xxxxx xxxxx xxxxx. Xxx xxxxxx xxxxxxxx xxxxx xxx XX xxxxxx xxxxxxxx — xxxxxxxxx, xxxx xxxxxxxxxx, xxxxx xxxxxx, xxxxx x-xxxx — xxx xxxxx xx xxxxx xxx xxxxxxx xxxx xxx XX xxxxxxxxxx. Xxx Xxx 0000 Xxxxxxx XX xxxxxxxxxxx (xxxxxxxxxxxxx / xxxxxx xxxxx-xx-xxx-xxxx, xx-Xxxxx/Xxxxx/Xxxx/xxXxxxxx xxxxxxxx, xxxxx xxxxxxxxxxx) xxxx xxxxxx xxxxxxxxxxx xxx xxxxxxx xxxxxxxxxx-xxxxx "xxxxxx xxxxxx."

Xxxxxxx xx xxxxxxxx-xxx (xxxxx) xxxx x xxxxxxx xxxxxxxx/xxxxx xxxxxx — xxxx xx xxx x XxxX xxxxxxx xxx, xxxxxxxx xxx "xxxxxxxx" xxxxxxxx xxxxxxx. Xxxxxxx: xxxxxxxxxxx/XXXx, xxxxxxxxx (Xxxxxxx), XX/xxxxxxxx (Xxxx, XxxxXxxx), xxxxxxxxxxxx, xx, xxxxxx, xxxxxxx (Xxxxxxx). 00 xxxxxxx (xxx Xxxxxx 0000 Xxxxxx X xxxxxxx xxxx 00 — xxxxx xxxxxxxxxxxxx xxxxx x xxxxxxxx xx xxx X-0 xxxx).

Xxx xx xxx xxxxx: xxxxxx xxxxxxxxxxxxx xx x xxxxx-xxxxx-xxxxxxx, xxxx-xxxxxxxxxxx-xxxx xxxxxxx xxxx xxxxx XXXx xxx'x xxxx xx xxx xxxxxxxxxx. Xxxxxx' xxxxxxx — "xxxxxx xx xxxxxx xxxxxxxxxx xx xxxxx xxxxx xxxxxxx xxxxxxxx" — xx xxxxxxxxxxxx xxxx (Xxxx, XXXX, Xxxxxxxx, Xxxxx xxx xxxxxxxxxx-xxxxxxx xxxxxx). XXXX'x xxx xx xxxx xxxxxx, XX-xxxxxx, xxxxxxxx-xxxxxxxxx xxxxxxxx xxxx x xxx xxxxxx xxxxx xxx xxxx xxx xxxxxxxxxx xxxxx xxx xxxxx xxxxx xxxx xxx xxxx xx xxxxxx.

0. Xxxxxx xxxxxxx

1. Xxxxxxxx xxx XXX xxxxx xxxxxxx. Xxxxx xxxxxxxx xxxx 00% xx 00 xxxxxx (00,000 → 00,000) xxx xxxxxx xxxxxxxxxx xxxxxxxx (>$000X/xx) xxxx xxxxx 00% XxX, 00% xxx xxxxxxx. Xxxxxx xx Xxxxxxxxx: "xxxx xxxxxx xxxx xx xxx xxxxxx xxxx xxx xxxxxxx xxxxxxxx." Xxxxxxxx: xxxx, xxx xxxxxxxxx xxxx xx xxxxxx.
2. XX Xxxxxxxxx Xxxxxxxxxx (0000/0000), xxxxxxxxxx Xxxxxxx 00, 0000. Xxxxxxxx xxxx xxxx-xxxxxxxx / XX xxxxxxxxx xxxxxxx xxxxxxxxxxx xxxxxx xxxxxxxxx; Xxxxxx: "xxx Xxxxxxxxx xxxx xxxxxxxxxx xxxx xx x xxxxxxx xx xxxxxxx xxxxxxx xxxxxxxx, xx xxx xx xxxx, xx xxx, xx xxxxxxxxxxx xxxxxxxxxx xxxxxx." Xxxxxxxxxx xxxxxx xxxx, xxxxxxxx → xxxxxxxx xx XXXx xxxxxxxx xxx XX xxxxxxxxxx xxxxxxx 0000.
3. XXXXXX Xxxxx xxxxxxx. XXXX'x Xxxxx Xxxxx xx xxxxxxxxxx xx xxx xxxx-xxxxxx XXXXXX Xxxxx Xxxxxxx-Xx Xxxxxx Xxxxxxxxx (XXX Xxxx + Xxxxxxxx Xxxxxx Xxxxxx) xxx XXXX xxxxxx xxx XXXX-xxxxxxxxxx Xxxxx XX Xxxxxxx Xxxxxxxxxx Xxx (Xxxx 0000). Xx xxxxxxxxxx xxxxxxxxxx, xx XXXXXX xxxxx xx xxx xxxxxxx. Xxxxxxxxx-xxxxxx xxxxxxxxx, xxx xxxxxxx.
4. Xxxxxxx XX → xxxxxxxxxxxxx / xxxxxxxxxx xxxxxxxx. Xxxxx xxxxxx-xxxxxxxxxx xxxxxxx (xxx-xxxx / xxx-xxxxxxx xxxxxxxx) xx xxxxxxxxxxxx, xxxxxxx, xxxx-xxxx. Xxxxxxxx xxxxxxxxxxxx.
5. X&X xxxx xxxxxx xxxxxxxx. Xxxxxx xxx xx xxxxxxxx xxxxxxxx "xxxx-xxxxxxx X&X." Xxxx ~$00X xxx xxxx xx x xxxxx-xxxxxxxxxx xxxx, xxxx xx xxxxxxxxxxxx.

0. Xxxxxxxxxx

Xxxxxx Xxxxxx, Xxxxxxx/XXX. 00 xxxxx xx xxxxxxxx. Xxxxxxxxxx xxxxxxx Xxxxxxxxxx Xxxxxxxx (xxxxxxxx-xxxxxxxxx xxxxxx xxx XxX xxx XX). Xxxx xx xxxxxx xxxxxxxxx xxxxxx. Xxxxxxx xxxx xxxxxxxxxx xxxxxx xxxxxxx 000% xxxx xxx xxxx xxx x xxx-xxxx xxxx-xx (xx $00 XXXX xxxxx 000 xxxx). Xxxxxxxxxxxx, xxxx xx xxxx, xxxxxxxx xx x xxxxxx-xxxxxxx xxxxxxxx → xxxxxxxxx xxxxx 0.

Xxxxxx Xxxxxx, XXXX XXX / xxxxxxx. Xxxxxx Xxxxxxxxx xx Xxxxx Xxxxxxxx (xxxxxx — xxx xxxxxxxxx xxxx 0000-00). Xxxxxxx xxxxx xxxxxx xx xxx xxxxxxx: Xxxxxxx Xxxxxx Xxxxxxxxxxx Xxxx X (XXXX) xxxxxx x $0.00X xxxx xxxx Xxxxxxxx Xxxxxxx xx Xxx 0000, xxx xxxxxxxx xxxx Xxxxxx xx Xxxxxxxxx 0000 xxx xxxxxxx xx xxxxx xxxxxx xxxxxxx xxxxxxxxx, xxxxxxxxxx xxx xxxx xx Xxxxxxxx 0000 (xxxxxxxxx x $0X xxxxx xxx), xxx xxxx xx xxxxxxxxxxx/XXX. Xxxxxxxx Xxxxxxx'x xxx xxxxxxx xxxxx xxxxxxxxx, xx xxxxxxxxxxx xxx xxxxxxxx xxx xxxxx xxxx — xxx xxx xxxxxxx'x xxxxx xxxxxxx xxx xxx xxxxxxx x xxxxxx xxxxxxx. Xxxx xxxx xxx xxxxxxx xxx xxxx xxxx xxxxxxxxxxx: xxxxxxxxxx 000,000 xxxxxxx xxxxxx, xxxxxxx 000,000 xxxx x $00.00/$00.00 xxxxxxx, xxxxxxx xxx XXXX xxxxxxxx xxx xx $0X, xxx xxxxxxxxx xx xx 0.00X xxxxxxx xxxxxx xx xxx XXXX/xxx-xxxxxxxxxx xxxxxxxxxxx. Xxxxxxxxx xx xxxxxxxxxx xxxxxx xxxx Xxxxxxx X.

Xxxx-xxxxx xxxxx: Xxxxx Xxxxxx (XXX Xxxxxx Xxxxx xxxxxx XXX — x xxxxxxxx-xxxx xxxxx), Xxxxxxxx Xxxxxx (xx-Xxxx, XXXX xxxxxxxx), Xxxxx Xxxxx (Xxxx xxxxxxxxxxx xxxx, xxxxxxxx xxxxxxxx), Xxxx Xxxxxxxx (XXX Xxxxx Xxxxxxxx — x xxxxxxxx/xxxx; xxxx Xxxxx xxxxxxx xx xxxxxxxxxx xxxxx, xx xxxx xx xxxxxx x xxxxxxx xx x xxxxxxxx), Xxxxxx.

Xxxxxxx xxxxxxxxx: xxxxxxxx XXXX xxxxxxx ~00% xxxx-xxxxx xx 0% xxxxxxxxxxx (xxxxxx xxxx xxxxxxxxxxx). Xxxxx Xxxxxx xxx xxx Xxx 0000 $00.0X Xxxxxx X xxxxxxxxx ($00.0X xxxxxx xx xxxx); Xxxxx, Xxxxxxxx xxx Xxxxx xxx xxxxxxx xxx xxxxx xxxx xxx XXXX. Xxxxxx Xxxx xxxxx x Xxxxxxxx 0000 xxxxxxx (xxxxxxx xxxx xxxxxxxx xxxxxx).

Xxxxxxxx xxxxx xxxxxx: xxxx — xxxxxxx xxxxxxx. Xxx xxxxxxxxx'x xxxxx-xxx-xxx xxx xxxxxx xxxx. Xxxx xxx xx xxxxxx xx xxxxxxxxxx xxxxxxxxx: xxx xxxxxxxxxxxx, xxxxx xxxxxxxx XX xxxxxxxxxx xxx xxxx Xxxx 000x xxxxxxx xxx xxx xxxxxxxx xxxxxx xx xxxxxxx, xxxx, xx xxxx. Xxxxxxxxxxx xxxxxxx x xxxx (00%, 00%, 0.0x, $000X/xxxxxxxx) xx xxx xxxxxxxxxxx xxxxxxx xxx xxxxxxxx xxxxxxxxx xxxx xx xx xxxx. Xx xx xxx xxxxxxxxxx; xx xx xxxxxxxxx. Xxx X-0 xxxx xxx xx.

Xxx xxxxx: xx xxxxxxx xxxx xxxxxxxxx (xxxxxx xx xxx xxxxxxxxxx xxxxx, xxxxx xxxxxxxx xxx xxxxxxx'x xxxxxxx xxxx xxxx xxxxxx xxxxxxx); XXXX xxxxxxxxxxx xxx xxx-xxxxxxxxxx (xx "$00X xxx xxxxxx" xxx xx xxxxxx xxxxx xxxx xxxx xxxxxx xxxxx'x xxxxx); xxxxx xxxxxxx xxxxxxx xxxxxxxx; xxxxxx xxxxx xxxxx 00 → 00. Xx xxxxxxx-xxxxx xxxxxxxxxxxx, xxxxxxxxxxxx xx xxxxxxx xxxxxx xxxxx — xxx xxxxx xx xx xxxxxxx xxxxxx xxxxxxx xx xxxx xxxx xx xxx.

Xxxxxxxxxx xxxxx: 0/00. Xxxxx-0 xxxxxxx xx Xxxxxx. Xxxxxxx xxxxxxx xxx xxxxxxxxxxx-xxxx xxxxxxxxxx xxxx xx xxxxx xxxxxx.

0. Xxxxxxx xxxxxxx

Xxxxxxxxxx xxxxxxxxx (00-00 xxxxxx): - Xxxxxx xxxxx / XXX xxxxxxxxx xxxx xxxxxxxxxxx 00-00%/xx; xxxxxxxx xxxxxx xxxxxx xx xxxxxx (Xxxxxxx, Xxxxxx, Xxxxxxxxx) xx 0000-00 — xxxxxxxx xxxxxxxx (Xxxxxxx xx x xxxxxxxx). - XX Xxxxxxxxx Xxxxxxxxxx 0000/0000 xxxxxxxxx xxxx Xxx 00, 0000 — xxxxxxxx xxx XX-xxxxx XXXx. - XXXXXX Xxxxx xxxxxxxxx xxxxxx "xxxxxxx-xx" xxxxxxxxxxx xxxxxx x xxxxxxxxx xxxxxxxxxxxx — xxxxxxxx, xxxxxxx xxxxxxxx xxxx xx XXXx xxx XXXX xxxxxxxx xxxxxx xxxx XXX xx xxx xxxx-xxxxxx xxxxxxxxx. - Xxxxxxxxx xxxxxx xxxxxxxxx/xxxxxxxxx xxxxxxxx (Xxxxxx' "0 xxxxxxx xxxxxxxxx/xxxx") — xxxxxxxx, xxxx.

Xxxxxxxx: xxxx xxxxxx. Xxxxxxxxxx xxx xxxxxxxxxx xxx xxxxxx xx 0000 xx 0000 xxxxxxx, xxxxxxx, xxxxxxxxx xxxxxx, xx xxxx xxxx. Xxxxxxx xxxxxxxx "X0 0000," xxxxx xx xxx xxxxxxxxxx xxxxxxx xx X-0 xx xxxx — xxxxxx xx xxxxxxxxx xxxx xxxxxx Xxxxxxxx 0.

Xxx xxxxxxxx: Xx $00.00 xxxx ~00X xxxxxx, xxx xxxxxx xx xxxxxx ~$000X XX xxx x xxxxxxx X xxxxxxxx xx ~$00X 0000 xxxxxxx xxxxxxx 00-00%. Xxxx xxxxxxxx 0000X xxxxxxx xx xxxxxxx $00-00X xxx xx Xxxxxx-xxxxx xxxxxxxx (00x) xxxx xx xxxx xxxx. Xxxxx Xxxxxxxx xxxxx xxx xxxxxx xxxx xxx 00x xxxxxxx xxx x xxxxxxxx-XX xxxxx xxxx x xxx-xxxx xxxxxxx — xxx xxxx xxxxx xxxx xxxxxxx xxxx xxx xxxxxxx xxxx (xxxxxxxx xxx $00X → $0-00X, xxxxx −00% XXX).

Xxxx xxxxxxxx xxx xxx: xxx X-0. Xxxxxxxxxxxx (x) 0000 xxx X0 0000 xxxxxxx xx xxxxxxx, (x) xxx xxxx xxx xxxx xxxx, (x) xxx xxxxxxxxxx xxxxxxxxxxx (XXXX X-0x xxxxxxx xxxxxxx xxxx), (x) xxx XXXX xxx xxxxxx xxxxxx xxxx xxx xxx xxxx xxxxx xxxxx, (x) xxx xxxxxxxxxx xxxxxxx xx xxx xxxxxxxxx xxxx.

0. Xxxx xxxx

Xxx Xxxxx Xxxxx xxxxxxx xxx xxxxxxx xxxxxxxxxxx xxxxxx xxxxxxxxxx xxx xxx xxxxxx/xxxxxxxx xxxxx xxxxxxxxxx, xxx xxx XXX xxxxxx xxx xxxxxxx xxxxxx XXXX xx xxxxxxxxxx. Xxxxxxxxxxxxx xx xxx xxxx: xxxx XXXX xx xxxxxxxx xxxx x xxxxx'x xxxxxx xxxx, xxxxxxxx xx xxxxx xx-xxxxxxxxxx. XX 0000 xxxxxxxxxx xxxxxx xxxxx XXX xxxxxxxx xx Xxxxxx xx xxx xx xxxxxxxxxxx xxxxxxxxxx xxxxxx; XXXXXX'x Xxxxx xxxxxxxxx xxxxxx xxxx xx XXXX. Xxxxx xxxx 00%+ xxx xxxxx xxxx xxxxx, xxxxxxxx xxxxxx xxxxx xxxxx xxxxxx xxxx xxxxx 00%, xxxxxxx xxxxxxx $00-00X xx 0000, xxx xxx xxxxxx xxxxxx x xxxxxxxx-XX xxxxxxxx xx 00-00x. Xxxxx/Xxxxx/Xxxxxxxx xxxxxxx xxxx x Xxxxxx xxxxxxx xxxxx XXXX xxx xxxxxxxx xx xxxx xx xxxxxxxxxxxxx xxx xxxxxxxxxx xxxxxx (Xxxxxxx xx xxx xxxxxxxx). $00-00/xxxxx.

0. Xxxx xxxx

Xxxxxxx xxx xxxx. Xxx xxxxxx xxxx ~00x xxxxxxx xxx x xxxxxxxx xxxxxx-xxxxxxxxx xxxxxxx xxxx 00% xxx xxxxxxx xxxxx xxxxxxx. Xxx xx-XXXX xxxx xxxx xx xxx xxxx xxxx: 0000 xxxxxxxxx xxxxxxxxxxx xxxxxxxxx xxxxxxxx 00%, xx xxx xxxxxxx xxxxxx xxxxxx xxxx ~$00X xxx xxxx, xxx $000X, xx xxx xxxx $000X XXXX xxxxxxxxx — xxxx xxxxxx xxxx x xxxxxx-xxxxxxx xxxx xxxx xxxxx x xxxxxxxx xxxxx xxxxxx 00-00 xxxxxx. Xxxx-xx xxxxxx (xxx 000 xx XXXX >$00, xxxx xxx xxxx) xxx xxx xxxxxxx-xxxxx xxxxxxxx xxxx xxx xxxxx xxxxxx xxx xx-XXXX xxxxxx xx −00 xx −00% xx xxxx xxx. Xxxxxxxxxxxxx, Xxxx/XXXX/Xxxxxxxx/Xxxxx xxxx xx xx xxxxxx xxxxxx, XXXXXX'x xxxx-xxxxxx xxxxxxxxx xxxx XXXx XXX, xxx xxx xxxxxxx XX xxxxxxx (Xxxxx, Xxxx) xxxx xxxxxxxx xxxxxx xx-xxxxx. Xxx xxxx xxxx xx xxx xxxxx-xxxxxxx xx xxxxx — XXXX xx "xxxxxxxxx xxxx xxxxxxxxx" xx xxxxxxxxxx'x xxx xxxxxxx xxx xxx $00.0X xx xxxxxxx xxxxx xxxx Xxxxxx xxxx — xx xx xx xxxxxxx xxxxxx $0-0. Xxxx xx xxxxxxxxx xx xxx xxxx x xx-XXXX xxx xxxxx xxxxx xxxxx xxxxxx xxxxxx xxxxx.

0. Xxxxxxx