Edgar Filing: SANDRIDGE ENERGY INC

Definitive Additional Materials

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

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SandRidge Energy, Inc.

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SandRidge Energy, Inc. used the following stockholder presentation beginning on February 4, 2013. The stockholder presentation was also posted to the “Presentations” section of www.supportsandridge.com.

Shareholder Presentation

February 4, 2013

Disclaimer

This presentation includes "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities

Exchange Act of 1934, as amended. These statements express a belief, expectation or intention and are generally accompanied by words that convey projected future events or

outcomes. The forward-looking statements include statements about SandRidge Energy, Inc.’s future operations, rig counts, drilling locations and plans, corporate strategies, including our

focus on conventional oil plays with a goal to achieve a self-funding capital program while growing production and reducing our debt relative to earnings, expenses, capital expenditures,

the construction of infrastructure, capital raising activities and hedge transactions. We have based these forward-looking statements on our current expectations and assumptions and

analyses made by us in light of our experience and our perception of historical trends, current conditions and expected future developments, as well as other factors we believe are

appropriate under the circumstances. However, whether actual results and developments will conform with our expectations and predictions is subject to a number of risks and

uncertainties, including the volatility of oil and natural gas prices, our success in discovering, estimating, and developing oil and natural gas reserves, the availability and terms of capital,

the successful integration of recent acquisitions, our timely execution of hedge transactions, credit conditions of global capital markets, changes in economic conditions, regulatory

changes, including those related to carbon dioxide and greenhouse gas emissions, and other factors, many of which are beyond our control. We refer you to the discussion of risk factors

in Part I, Item 1A - “Risk Factors” of our Annual Report on Form 10-K for the year ended December 31, 2011 and in comparable “risk factors” sections of our subsequent Quarterly

Reports on Form 10-Q. All of the forward-looking statements made in this presentation are qualified by these cautionary statements. The actual results or developments anticipated may

not be realized or, even if substantially realized, they may not have the expected consequences to or effects on our company or our business or operations. Such statements are not

guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. We undertake no obligation to update

or revise any forward-looking statements.

Regulation G Disclosure

This presentation includes certain non-GAAP financial measures as defined under SEC Regulation G. A reconciliation of those measures to the most directly comparable GAAP measure

is available on our website at www.sandridgeenergy.com.

Additional Information and Where to Find It

On January 18, 2013 SandRidge Energy, Inc. (the “Company”) filed with the U.S. Securities and Exchange Commission (the “SEC”) a definitive consent revocation statement in

connection with the consent solicitation by TPG-Axon Partners, LP, TPG-Axon Management LP, TPG-Axon Partners GP, L.P., TPG-Axon GP, LLC, TPG-Axon International, L.P., TPG-

Axon International GP, LLC, Dinakar Singh LLC, Dinakar Singh, Stephen C. Beasley, Edward W. Moneypenny, Fredric G. Reynolds, Peter H. Rothschild, Alan J. Weber and Dan A.

Westbrook (the “TPG-Axon Consent Solicitation”), and has mailed the definitive consent revocation statement and a form of WHITE consent revocation card to stockholders of the

Company entitled to execute, withhold or revoke consents relating to the TPG-Axon Consent Solicitation. STOCKHOLDERS OF THE COMPANY ARE URGED TO READ THE

CONSENT REVOCATION STATEMENT, WHICH IS AVAILABLE NOW, AND OTHER DOCUMENTS FILED WITH THE SEC CAREFULLY IN THEIR ENTIRETY WHEN THEY BECOME

AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION. Stockholders may obtain a free copy of the consent revocation statement and other documents (when

available) filed with the SEC by the Company through the website maintained by the SEC at www.sec.gov.

Certain Information Regarding Participants

The Company and certain of its directors and executive officers are participants in the solicitation of consent revocations from the Company’s stockholders in connection with the TPG-

Axon Consent Solicitation. Stockholders may obtain information regarding the names, affiliations and interests of the Company’s directors and executive officers in the Company’s

Annual Report on Form 10-K for the year ended December 31, 2011, which was filed with the SEC on February 27, 2012, its Quarterly Reports on Form 10-Q for the first three fiscal

quarters of the fiscal year ending December 31, 2012, filed on May 7, 2012, August 6, 2012 and November 9, 2012, respectively, and its definitive consent revocation statement, which

was filed with the SEC on January 18, 2013. These documents can be obtained free of charge through the website maintained by the SEC at www.sec.gov.

•

Corporate Profile

•

Overview

•

TPG-Axon’s Bid for Control

–

Short-term focus disrupts the creation of long-term shareholder value

–

Campaign is based on false and misleading statements

–

Asking stockholders to turn over control of SandRidge to a new board nominated exclusively by TPG-Axon

–

Election of TPG-Axon’s nominees would not provide stockholders with any control premium

•

SandRidge Creating Significant Value as the Premier Mississippian Operator

–

Most active and efficient driller in the play, which has among the highest returns in drilling in the US

–

Permian sale provides resources to fund Mississippian growth

•

SandRidge Repositioning Balance Sheet

–

Permian

sale

will

provide

SandRidge

with

total

liquidity

$2.8

billion

(a)

–

Credit

measures

dramatically

improve

result

$2.6

billion

reduction

net

debt

–

Resources to call or tender for bonds

•

SandRidge’s Board and Management Team have Deep Oil and Gas

Experience and are Highly Qualified to Lead the Company

–

TPG-Axon’s nominees lack relevant experience to lead SandRidge

Today’s Agenda

September

30,

2012,

adjusted

for

proceeds

from

the

Permian

divestiture,

deal

fees

and

$1.1B

anticipated

debt

retirement

Oklahoma City

SandRidge at a Glance

Permian

Rig Count: 3

Mid-Continent

Mississippian

Rig Count: 32

W. Texas Overthrust

GOM

Rig Count: 2

Objectives

•

Continue to perform as the premier operator in the

Mississippian

•

Invest in high return growth projects while maintaining

funding visibility

•

Further improve credit metrics

Asset Map

Non-GAAP financial measure. Refer to slide 2 for additional disclosure

SandRidge consolidated reserves as of YE2011 with royalty trusts, Pro Forma Dynamic Offshore

Weighted by PV-10 value as of YE2011

•

Rig counts as of year end 2012

Market

Value

millions)

Market Cap (1/31/2013)

$3,473

Net Debt

(a)

3,627

Preferred Stock

765

Enterprise Value

$7,864

Asset Overview

3Q12 Production (MBoe/d)

103.0

Proved Reserves (MMBoe)

(b)

533

% Reserves as Oil

(c)

91%

% Developed

53%

Overview

•

SandRidge was founded in 2006 with the goal of becoming a leader

in natural gas production

•

Subsequently, natural gas priced declined from a high of ~$13.50/Mcf in 2008 to less than $2.00/Mcf

•

SandRidge’s Board and management team took strategic actions to transition

the Company to an oil-

focused

producer

response

the

sharp

decline

natural

gas

prices

•

Consistent with these actions, the Board and management are aligned around a clear plan to deliver

stockholder value by:

–

Continuing to perform as the premier operator in the Mississippian

–

Continuing to strengthen SandRidge’s financial position

–

Funding capital expenditures within cash flows

•

SandRidge’s strong and independent Board is highly qualified and has the expertise to lead the

Company in the continued execution of its strategy

Why We’re Here

•

TPG-Axon, a hedge fund owning approximately 6.7% of SandRidge stock,

has engaged in

a false and misleading campaign to replace your Board

•

If successful, TPG-Axon’s efforts would turn control of SandRidge over to a new board of

directors nominated exclusively by TPG-Axon, who we believe will encourage and facilitate

a sale or major restructuring designed to benefit short-term investors

Our Strategy is Delivering Results

•

Shifted from 65% of revenues from natural gas in 2009 to 86% from oil today

•

Over 80% of Mississippian cash flows result from oil production

Transition to oil

producer

Leadership in

Mississippian

drill bit growth

Improve financial

condition and

liquidity

•

Most active and most efficient driller in the play, which has among the

highest returns in the US

•

Operational expertise and infrastructure development make SandRidge the

lowest cost producer

•

138% growth in production from Q3 2011 to Q3 2012

•

Grew production in the Mississippian 18x from Q3 2010 to Q3 2012

•

Announced sale of Permian for $2.6 billion generating cash proceeds of

$1.4 billion over our net investment

•

Over

billion

cash

and

~$2.8

billion

liquidity

pro

forma

for

Permian

sale

(a)

•

Net

debt

EBITDA

decreased

from

4.6x

Sept.

30,

2011

3.2x

Sept.

30,

2012;

less

than

2.0x

pro

forma

for

Permian

sale

(a)

•

Reduced 2013 capital expenditure budget by 19%

Support SandRidge’s Board and Management’s plan to drive

continued growth and value

September

30,

2012,

adjusted

for

proceeds

from

the

Permian

divestiture,

deal

fees

and

$1.1B

anticipated

debt

retirement

•

TPG-Axon intends to force a sale or major restructuring benefitting short-term holders: They have

yet to demonstrate the ability or to articulate a plan to actually run SandRidge’s business for any

length of time

•

TPG-Axon is a short-term-focused hedge fund

–

TPG-Axon has actively sold shares of SandRidge (~5.3 million shares since initial investment in

November 2011)

•

Sold five times in last year and three times since July 2, 2012 (including as recently as December 10, 2012)

•

3 other E&P investments in the past 3 years

•

Other E&P investments held on average only 2 fiscal quarters

•

TPG-Axon’s nominees lack the relevant oil and gas exploration and production operating experience

necessary to drive SandRidge’s future growth

•

TPG-Axon is asking stockholders to turn over control of the Board and SandRidge.

The election of TPG-Axon’s nominees would not provide stockholders with any control premium

•

successful,

TPG-Axon’s

proposals

could

trigger

“change

control”

forcing

the

Company

offer

buy back $4.3 billion in Senior Notes, which could materially harm its financial position

•

If successful, TPG-Axon’s proposals would also result in the accelerated vesting of a substantial number

restricted

stock

held

senior

management,

thereby

removing

key

element

the

Company’s

retention

program

and

potentially

depriving

the

Company

its

experienced

leadership

TPG-Axon’s Efforts Would Disrupt Long-Term Value Creation

TPG-Axon’s Campaign is Based on False and Misleading Statements

TPG-Axon and Mount Kellett have made a number of allegations regarding related party

transactions.

The

SandRidge

Board

has

reviewed

these

allegations

several

times

and

has

found

evidence

wrongdoing.

Important

facts

include:

–

SandRidge’s interests are located in over 7,500 sections covering nearly five million acres in 30 counties throughout an area

that encompasses approximately 17 million acres; virtually all companies active in the play are likely to have some interests

that could be characterized as adjacent to the Company’s holdings

•

Across SandRidge’s vast acreage in the Mississippian, the Company competes with numerous

other companies –

WCT Resources is just one of many

•

WCT Resources is an independent oil and gas company

•

Mr. Ward has no control over WCT Resources, and does not participate in its management,

operations or business

•

WCT

Resources’

managers,

which

include

Mr.

Ward’s

son,

have

access

non-

public

information concerning SandRidge’s land and mineral acquisition programs

•

Transactions between SandRidge and WCT Resources have been thoroughly reviewed and

approved

advance

disinterested

Board

members

accordance

with

Company

policy

•

The Company has disclosed related party transactions in its public filings, as appropriate

TPG-Axon’s Campaign is Based on False and Misleading Statements

are

determined

set

the

record

straight

regarding

important

facts:

Clear Strategic

Direction

Financial

Performance

Financial

Strength

Management

Alignment

SandRidge

has

exceeded

Analyst

Consensus

estimates

for

EBITDA

three

of the last four quarters and for EPS in each of the last five quarters

SandRidge’s estimated returns for Mississippian wells have been consistent

with competitors

Tom Ward, SandRidge’s CEO, personally invested over $600MM in

SandRidge between 2006 and 2007 and still owns ~5.0% of the company

•

SandRidge’s focus on improving its financial position has brought its

cost

capital

below

its

peers

(a)

(9.9%

for

SandRidge

vs.

10.9%

for

peers)

(b)

•

Net debt-to-EBITDA has declined to below 2.0x in 3Q12, Pro Forma for the

Permian sale

Clearly

articulated

and

successfully

shifted

from

natural

gas

oil

Thoughtful approach to managing asset base has resulted in the leading

position in the high-growth Mississippian with a balance sheet and

financial strength to support growth and deliver shareholder value

Peers

include:

Berry

Petroleum

Co.,

Continental

Resources,

Inc.,

Concho

Resources,

Inc.,

Halcon

Resources

Co.,

Laredo

Petroleum

Holdings,

Inc.,

Newfield

Exploration

Co.,

Oasis

Petroleum

Inc.,

Pioneer Natural Resources Co., Plains Exploration & Production Company and Whiting Petroleum Corp

WACC based on Bloomberg data as of 1/15/2013

Leveraging Our Position

to Create Value

•

Net Acres: ~1,850,000

~11,000 potential drilling locations

(a)

18 year drilling inventory

•

Rig Count: 32

(b)

Industry Leader: Over 2x nearest peer

•

Production: 30.2 MBoe/d (3Q12)

Industry Leader

•

Wells

Drilled:

600

(b)

Industry Leader: ~45% of total Miss wells

•

Salt

Water

Disposal

Wells:

113

(b)

Industry Leader

SandRidge: Leader in the Mississippian

Based on 4 wells per section

As of December 31, 2012

A Proven Record of Growth in the Mississippian

•

Mississippian drilling driving organic

growth

•

Production from the Mississippian has

increased over 18x since 3Q10

•

2012 commodity mix of 46% oil and

54% natural gas

•

~80% of Mississippian cash flows come

from oil production

SD Wells Drilled

2010

2011

167

2012

396

2013E

581

•

Having drilled ~45% of all horizontal wells in

the play, SandRidge has advanced

significantly along the learning curve

Spud to spud times declined ~20% through 2012,

with average spud to first sales over 10 days

below peers

(a)

Completion costs declined ~30% in 2012

as a result of design optimizations and

contract rebidding

•

Drill and complete costs are expected to

continue to decline to a 2013 goal of

less than $3.0MM per well

•

SandRidge continues to be the leader of

development costs and infrastructure

in the Mississippian

Low Cost Mississippian Developer

Based on SD non-op wells

Salt Water Disposal System

•

113 active disposal wells as of year end 2012

•

Over 700 miles of pipeline

•

Disposal rate of over 650 MBW/d

•

Over $450MM gross invested capital

Infrastructure Investments Secure Competitive Advantage and Maximize Value

Electrical System

•

Produced

water

transfer

and

artificial

lift

systems

require

high

voltage

•

SandRidge proactively constructed infrastructure to access regional

transmission network

~500 miles of power distribution lines

3 operated substations, 4 additional substations in 2013

•

Figures are as of year-end 2012

Low Cost Mississippian Operator

•

Proactively managing infrastructure needs

and capitalizing on scale allows SandRidge

to be a low cost operator in the play

•

Trucked water volumes are less than 1.0%,

down from over 8.0% in early 2012

•

Wells on generators have declined by over

20% as a result of SandRidge’s expanding

electrical infrastructure

•

As a result, LOE has declined over 15%

since 1Q12

Excludes Production and Ad Valorem Taxes

Gulf of Mexico Assets

Gulf Overview

•

Current production of over 30 MBoe/d

•

Low maintenance capital requirements,

high cash flowing assets

•

SandRidge believes offshore assets are one of

the few remaining attractively priced producing

assets

•

As such, we will continue to look to

opportunistically acquire small bolt-on properties

with minimal development requirements

Dynamic Acquisition Review

•

Prior to the acquisition, SandRidge was positioned as an asset rich company with a

constrained development capacity due to financial limitations

•

The Dynamic acquisition provided attractively priced EBITDA and production and

enhanced SD credit metrics

•

The transaction strengthened our ability to develop the Mississippian by improving

financial flexibility and providing free cash flow for the development of our large and

long-lived onshore asset base

Leverage

Ratio

represents

Consolidated

Leverage

Ratio

calculated

pursuant

the

terms

the Senior Credit Facility

3Q12 P.F. leverage is Pro Forma for an estimated LTM EBITDA related to the

divested Permian properties and $1.1B of anticipated debt retirement

Improving Credit Metrics and Liquidity in Line with Peers

•

$2.8 Billion in liquidity, Pro Forma for

proceeds from the Permian Sale and

debt retirement

•

Pro

Forma

Net

Debt

reduced

~$1.0B

(c)

•

Net Debt to LTM EBITDA less that 2.0x,

the lowest level in corporate history

Liquidity represents the quarter ending cash balance and revolver availability. 3Q12 P.F. liquidity includes proceeds from the Permian divestiture and $1.1B of debt

retirement

Leverage

Ratio

represents

Consolidated

Leverage

Ratio

calculated

pursuant

the

terms

the

Senior

Credit

Facility.

3Q12

P.F.

leverage

adjusted

for

estimated

LTM

EBITDA

the divested Permian properties and $1.1B of anticipated debt retirement

Contains non-GAAP financial measures. Reconciliations to the most comparable GAAP financial measures can found on our website

SandRidge’s Board is

Highly Qualified to Lead

SandRidge’s Board has Deep Oil and Gas Experience

Extensive Oil and Gas Industry Experience

Tom L. Ward

Chairman and CEO

Director since: 2006

•

Over 30 years’

experience in oil and gas exploration and development

•

Recognized leader in the Mississippian Lime play

•

COO and Co-Founder of Chesapeake Energy

•

Degree in Petroleum Land Management

Jim J. Brewer

Director since: 2011

•

Over 30 years’

experience in the oil and gas industry

•

Co-Founder and President of J-Brex Company, a private oil and gas and real estate company

•

Degree in Geology

Everett R. Dobson

Director since: 2009

•

Owner of oil and gas properties and experience in the leasing of

oil and gas interests

William A. Gilliland

Director since: 2006

•

Managing partner of Gillco Energy, L.P., a private partnership with significant investments in oil and

gas assets

•

Significant experience with oil and gas assets in the Austin Chalk, Woodbine, Woodford Shale, and

Mississippian Lime formations

Daniel W. Jordan

Director since: 2006

•

Over 30 years’

experience in the oil & gas industry

•

Officer of Riata Energy, Inc., SandRidge’s predecessor

•

Founder of Jordan Drilling Fluids, Inc. and Anchor Drilling Fluids USA Inc., the largest privately held

North American drilling fluids firm

Roy T. Oliver, Jr.

Director since: 2006

•

Long time investor in energy and energy services businesses

•

Founder and President of U.S. Rig and Equipment, Inc. for over 20 years

Jeffrey S. Serota

Director since: 2007

•

Senior partner in the Private Equity Group of Ares Management LLC, and management of Ares’

investments in oil and gas industry

•

Director of EXCO Resources, Inc. an oil and gas exploration and production company

Highly Qualified Board to Lead the Company

Oil and Gas

Experience

Senior

Management

Experience

Public Company

Financial

Management

Investing and

Capital Raising

Activities

Tom L. Ward

Jim J. Brewer

Everett R. Dobson

William A. Gilliland

Daniel W. Jordan

Roy T. Oliver, Jr.

Jeffrey S. Serota

TPG-Axon’s Nominees Lack Relevant Experience to Lead SandRidge

•

Dinakar

Singh,

TPG-Axon’s

leader,

has

never

served

director

public

company

and

has

no experience in running an operating business

•

nominees

have

relevant

oil

and

gas

experience

TPG-

Axon

Nominees

Relevant Oil and Gas Experience

Other Potentially Relevant Energy

Experience

Dinakar Singh

None

Stephen C. Beasley

Board member since 2010 of BPZ Resources Inc.,

an oil and gas company with a market capitalization

of under $350 million

Management positions in natural gas pipeline,

transportation and gathering system businesses

Edward W. Moneypenny

Prior to 2001, CFO and director of Oryx Energy

Corporation, an oil and gas company

None

Frederic G. Reynolds

None

Peter H. Rothschild

None

Prior to 1996, Investment Banking –

Senior Managing

Director and Head of Natural Resources Group at Bear

Stearns & Co. Inc.

Alan J. Weber

None

Dan A. Westbrook

None

Member of the boards of Enbridge Energy Company, an

energy distribution company since 2007; Synenco Energy,

Inc. a developer of oil sands, from May 2007 to August

2008; and Dapeng LNG –

8 China, a liquefied natural gas

importer, from September 2001 to December 2005. Prior

experience in management positions at BP plc and Amoco

Corporation in liquefied natural gas and other energy

businesses in China, Russia and other countries outside

the United States

•

Leverage leadership position in the Mississippian to drive production growth

–

11,000 drilling locations support growth over next 18 years

•

Capitalize on infrastructure investments to drive lower drilling

costs and

enhance future returns and stockholder value

•

Continue to improve financial stability and liquidity

–

Sale of Permian reduces net debt-to-EBITDA to less than 2.0x and provides resources

to support growth in the Mississippian

•

A committed, highly qualified, management team and Board with the expertise

necessary to generate long-term value across Company’s asset base

A Clear Plan for Creating Value

On February 4, 2013 SandRidge Energy, Inc. posted the following additional materials to www.supportsandridge.com.

Presentations


Date	Title	PDF
02/04/13	Stockholder Presentation

On February 4, 2013 SandRidge Energy, Inc. updated the “Disclaimer” and “Important Information” sections of www.supportsandridge.com as set forth below.

SandRidge Energy, Inc.

Disclaimer

FORWARD LOOKING STATEMENTS

This website may contain “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve risks and uncertainties that may individually or mutually impact the matters herein described for a variety of reasons that are outside the control of SandRidge Energy, Inc. (the “Company”). Actual results could differ materially from those discussed within. Important factors that could affect performance and cause results to differ materially from management’s expectations are described in the sections entitled “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” in the Annual Report on Form 10-K for the year ended December 31, 2011, which was filed with the Securities and Exchange Commission (the “SEC”) on February 27, 2012, as updated on its Quarterly Report on Form 10-Q for the fiscal quarter ended September 30, 2012, filed on November 9, 2012, and as may be further updated from time to time in the Company’s SEC filings, which are available through the web site maintained by the SEC at www.sec.gov. The Company’s forward-looking statements on this website are based on management’s current views and assumptions regarding future events and speak only as of their dates. The Company undertakes no obligation to publicly update or revise any forward looking statements, whether as a result of new information, future events or otherwise, except as required by the federal securities laws.

ADDITIONAL INFORMATION AND WHERE TO FIND IT

On January 18, 2013 the Company filed with the SEC a definitive consent revocation statement in connection with the consent solicitation by TPG-Axon Partners, LP, TPG-Axon Management LP, TPG-Axon Partners GP, L.P., TPG-Axon GP, LLC, TPG-Axon International, L.P., TPG-Axon International GP, LLC, Dinakar Singh LLC, Dinakar Singh, Stephen C. Beasley, Edward W. Moneypenny, Fredric G. Reynolds, Peter H. Rothschild, Alan J. Weber and Dan A. Westbrook (the “TPG-Axon Consent Solicitation”), and has mailed the definitive consent revocation statement and a form of WHITE consent revocation card to stockholders of the Company entitled to execute, withhold or revoke consents relating to the TPG-Axon Consent Solicitation. STOCKHOLDERS OF THE COMPANY ARE URGED TO READ THE CONSENT REVOCATION STATEMENT, WHICH IS AVAILABLE NOW, AND OTHER DOCUMENTS FILED WITH THE SEC CAREFULLY IN THEIR ENTIRETY WHEN THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION. Stockholders may obtain a free copy of the consent revocation statement and other documents (when available) filed with the SEC by the Company through the website maintained by the SEC at www.sec.gov.

CERTAIN INFORMATION REGARDING PARTICIPANTS

The Company and certain of its directors and executive officers are participants in the solicitation of consent revocations from the Company’s stockholders in connection with the TPG-Axon Consent Solicitation. Stockholders may obtain information regarding the names, affiliations and interests of the Company’s directors and executive officers in the Company’s Annual Report on Form 10-K for the year ended December 31, 2011, which was filed with the SEC on February 27, 2012, its Quarterly Reports on Form 10-Q for the first three fiscal quarters of the fiscal year ending December 31, 2012, filed on May 7, 2012, August 6, 2012 and November 9, 2012, respectively, and its definitive consent revocation statement, which was filed with the SEC on January 18, 2013. These documents can be obtained free of charge through the website maintained by the SEC at www.sec.gov.


Agree		I have read and agree to the terms of this website

Disagree		I disagree with these terms, and will not gain access to the website

Important Information

FORWARD LOOKING STATEMENTS

ADDITIONAL INFORMATION AND WHERE TO FIND IT

CERTAIN INFORMATION REGARDING PARTICIPANTS