If meet requirements: +8 armor bonus, 0 Armor Check Penalty, 0% Arcane Spell Failure, no max Dex bonus, +4 circumstance bonus to Str and Dex
If not meet requirements: +8 armor bonus, -8 Armor Check Penalty, 90% Arcane spell Failure, no max Dex bonus +4 circumstance bonus to Str, -4 Circumstance penalty to Dex