(3) THE HOLDER OF THE CONFLICTING SECURITY INTEREST RECEIVES
THE NOTIFICATION WITHIN FIVE YEARS BEFORE THE DEBTOR RECEIVES
POSSESSION OF THE INVENTORY; AND

(4) THE NOTIFICATION STATES THAT THE PERSON SENDING THE
NOTIFICATION HAS OR EXPECTS TO ACQUIRE A PURCHASE-MONEY SECURITY
INTEREST IN INVENTORY OF THE DEBTOR AND DESCRIBES THE INVENTORY.

(C) SUBSECTION (B)(2) THROUGH (4) APPLIES ONLY IF THE HOLDER OF THE
CONFLICTING SECURITY INTEREST HAD FILED A FINANCING STATEMENT COVERING
THE SAME TYPES OF INVENTORY:

(1) IF THE PURCHASE-MONEY SECURITY INTEREST IS PERFECTED BY
FILING, BEFORE THE DATE OF THE FILING; OR

(2) IF THE PURCHASE-MONEY SECURITY INTEREST IS TEMPORARILY
PERFECTED WITHOUT FILING OR POSSESSION UNDER § 9-312(F), BEFORE THE
BEGINNING OF THE 20-DAY PERIOD THEREUNDER

(D) SUBJECT TO SUBSECTION (E) AND EXCEPT AS OTHERWISE PROVIDED IN
SUBSECTION (G), A PERFECTED PURCHASE-MONEY SECURITY INTEREST IN
LIVESTOCK THAT ARE FARM PRODUCTS HAS PRIORITY OVER A CONFLICTING
SECURITY INTEREST IN THE SAME LIVESTOCK, AND, EXCEPT AS OTHERWISE
PROVIDED IN § 9-327, A PERFECTED SECURITY INTEREST IN THEIR IDENTIFIABLE
PROCEEDS AND IDENTIFIABLE PRODUCTS IN THEIR UNMANUFACTURED STATES
ALSO HAS PRIORITY, IF:

(1) THE PURCHASE-MONEY SECURITY INTEREST IS PERFECTED WHEN
THE DEBTOR RECEIVES POSSESSION OF THE LIVESTOCK;

(2) THE PURCHASE-MONEY SECURED PARTY SENDS AN
AUTHENTICATED NOTIFICATION TO THE HOLDER OF THE CONFLICTING SECURITY
INTEREST;

(3) THE HOLDER OF THE CONFLICTING SECURITY INTEREST RECEIVES
THE NOTIFICATION WITHIN SIX MONTHS BEFORE THE DEBTOR RECEIVES
POSSESSION OF THE LIVESTOCK; AND

(4) THE NOTIFICATION STATES THAT THE PERSON SENDING THE
NOTIFICATION HAS OR EXPECTS TO ACQUIRE A PURCHASE-MONEY SECURITY
INTEREST IN LIVESTOCK OF THE DEBTOR AND DESCRIBES THE LIVESTOCK.

(E) SUBSECTION (D)(2) THROUGH (4) APPLIES ONLY' IF THE HOLDER OF THE
CONFLICTING SECURITY INTEREST HAD FILED, A FINANCING STATEMENT COVERING
THE SAME TYPES OF LIVESTOCK:

(1) IF THE PURCHASE-MONEY SECURITY INTEREST IS PERFECTED BY
FILING, BEFORE THE DATE OF THE FILING; OR

(2) IF THE PURCHASE-MONEY SECURITY INTEREST IS TEMPORARILY
PERFECTED WITHOUT FILING OR POSSESSION UNDER § 9-312(F), BEFORE THE
BEGINNING OF THE 20-DAY PERIOD THEREUNDER