Bury and Co KG BTHSSC BT Handset User Manual ZA COMAND NTG5 USA CA Edition C 2014 1 en US

Bury GmbH & Co KG BT Handset ZA COMAND NTG5 USA CA Edition C 2014 1 en US

Contents

UserManual_part2.pdf

G<RXFDQRQO\VZLWFKWRDQRWKHUDXWKRUL]HG
PRELOHSKRQHLI\RXDUHQRWFXUUHQWO\
PDNLQJDFDOO
'HDXWKRUL]LQJGHUHJLVWHULQJDPRELOH
SKRQH
0HUFHGHV%HQ]UHFRPPHQGVGH
DXWKRUL]DWLRQLQ&20$1'DQGRQWKHPRELOH
SKRQH6XEVHTXHQWDXWKRUL]DWLRQPD\
RWKHUZLVHIDLO
0HUFHGHV%HQ]86$//&UHFRPPHQGVGH
DXWKRUL]DWLRQLQ&20$1'DQGRQWKHPRELOH
SKRQH6XEVHTXHQWDXWKRUL]DWLRQPD\
RWKHUZLVHIDLO
3UHVVWKH+EXWWRQRQ&20$1'
7RVZLWFKWRWKHPHQXEDULQWKHWHOHSKRQH
EDVLFPHQXVOLGHRdWKHFRQWUROOHU
7RVHOHFW
&RQQHFW'HYLFH
WXUQDQGSUHVV
WKHFRQWUROOHU
7KH%OXHWRRWKWHOHSKRQHOLVWDSSHDUV
SDJH
6HOHFWWKHGHVLUHGPRELOHSKRQHLQWKH
%OXHWRRWKWHOHSKRQHVOLVW
7RVHOHFWWKHOLVWV\PEROWRWKHULJKWRIWKH
HQWU\VOLGHRWKHFRQWUROOHUDQGSUHVVWR
FRQILUP
7RVHOHFW
'HDXWKRUL]H
WXUQWKHFRQWUROOHU
DQGSUHVVWRFRQILUP
$SURPSWDSSHDUVDVNLQJZKHWKHU\RX
UHDOO\ZLVKWRGHDXWKRUL]HWKLVGHYLFH
7RVHOHFW
<HV
RU
1R
WXUQWKHFRQWUROOHUDQG
SUHVVWRFRQILUP
,I\RXVHOHFW
<HV
WKHGHYLFHZLOOEHGHOHWHG
IURPWKH%OXHWRRWKWHOHSKRQHVOLVW
,I\RXVHOHFW
1R
WKHSURFHVVZLOOEH
FDQFHOHG
G%HIRUHUHDXWKRUL]LQJWKHPRELOHSKRQH
\RXVKRXOGDOVRGHOHWHWKHGHYLFHQDPH
0%
%OXHWRRWK
IURP\RXUPRELOHSKRQHV
%OXHWRRWKOLVW
'LVSOD\LQJFRQQHFWLRQGHWDLOV
3UHVVWKH+EXWWRQRQ&20$1'
7RVZLWFKWRWKHPHQXEDULQWKHWHOHSKRQH
EDVLFPHQXVOLGHRdWKHFRQWUROOHU
7RVHOHFW
&RQQHFW'HYLFH
WXUQWKH
FRQWUROOHUDQGSUHVVWRFRQILUP
7KH%OXHWRRWKWHOHSKRQHOLVWDSSHDUV
6HOHFWWKHGHVLUHGPRELOHSKRQHLQWKH
%OXHWRRWKWHOHSKRQHVOLVW
7RVHOHFWWKHOLVWV\PEROWRWKHULJKWRIWKH
HQWU\VOLGHRWKHFRQWUROOHUDQGSUHVVWR
FRQILUP
7RVHOHFW
'HWDLOV
WXUQDQGSUHVVWKH
FRQWUROOHU
7KHIROORZLQJLQIRUPDWLRQFRQFHUQLQJWKH
VHOHFWHGPRELOHSKRQHLVVKRZQ
=%OXHWRRWKQDPH
=%OXHWRRWKDGGUHVV
=DYDLODELOLW\VWDWXVVKRZQDIWHUDQHZ
VHDUFK
=DXWKRUL]DWLRQVWDWXV
7RFORVHWKHGHWDLOHGGLVSOD\VOLGHR
WKHFRQWUROOHU
 7HOHSKRQ\YLDWKH%OXHWRRWKLQWHUIDFH
7HOHSKRQH
7HOHSKRQHEDVLFPHQX%OXHWRRWKLQWHUIDFH
%DVLFPHQXGLVSOD\
7HOHSKRQHEDVLFPHQX%OXHWRRWKLQWHUIDFH
C,OOXVWUDWLRQRIWHOHSKRQHNH\SDGEXWWRQDFWLYDWHGLVKLJKOLJKWHG
D7RGLVSOD\WKH&20$1'SKRQHERRN
&KDUDFWHUEDU
1HWZRUNSURYLGHUVQDPHGHSHQGVRQWKHFRQQHFWHGSKRQH
6LJQDOVWUHQJWKRIPRELOHSKRQHQHWZRUN
5HFHLYHULFRQqRUu
k%OXHWRRWKQDPHRIWKHFXUUHQWO\FRQQHFWHGPRELOHSKRQH
3UHVV+
:KHQWKHFRQQHFWHGPRELOHSKRQHLVUHDG\IRUXVHWKHWHOHSKRQHEDVLFPHQXDSSHDUV
G'LVSOD\VDQGDUHVKRZQGHSHQGLQJRQWKHPRELOHSKRQHFRQQHFWHG
'LVSOD\DPD\YDU\GHSHQGLQJRQWKHPRELOHSKRQHFRQQHFWHG
%DUVVKRZWKHFXUUHQWVLJQDOVWUHQJWKRIWKHPRELOHSKRQHQHWZRUN,IDOOEDUVDUHILOOHG
\RXKDYHRSWLPXPUHFHSWLRQ
,IQREDUVDUHVKRZQUHFHSWLRQLVHLWKHUYHU\SRRURUWKHUHLVQRQHDWDOO
,IQREDUVDSSHDUDQGRQO\WKHDQWHQQDLFRQLVVKRZQ\RXKDYHHLWKHUYHU\SRRURUQR
UHFHSWLRQDWDOO
5HFHLYHULFRQVKRZVZKHWKHUDFDOOLVDFWLYHEHLQJFRQQHFWHGuRUQRWq
'LVSOD\LQJPHVVDJHVLQWKHWHOHSKRQHEDVLFPHQX
2QO\LIWKH%OXHWRRWKSKRQHVXSSRUWVWKH0$3%OXHWRRWKSURILOH0HVVDJH$FFHVV3URILOH
LVWKHPHQXLWHPDYDLODEOH7KHGRZQORDGLQJRIPHVVDJHVIURPWKH%OXHWRRWKSKRQH
PXVWKDYHEHHQFRPSOHWHG7KHPHQXLWHPLVRWKHUZLVHJUD\HGRXW)XUWKHULQIRUPDWLRQRQ
WH[WPHVVDJHVDQGHPDLOSDJH
,I\RXKDYHDQXQUHDGWH[WPHVVDJHRUHPDLOWKHPDLOV\PEROLVGLVSOD\HGLQWKHVWDWXV
EDU7KHV\PEROGLVDSSHDUVRQFH\RXKDYHUHDGWKHWH[WPHVVDJHRUHPDLO7KHgV\PERO
7HOHSKRQ\YLDWKH%OXHWRRWKLQWHUIDFH 
7HOHSKRQH
LVGLVSOD\HGDVVRRQDVWKHPHVVDJHPHPRU\LVIXOO7KHV\PEROGLVDSSHDUVRQFH\RXGHOHWH
DWOHDVWRQHPHVVDJH
5HFHSWLRQDQGWUDQVPLVVLRQYROXPH
2QFHWKHPRELOHSKRQHKDVEHHQDXWKRUL]HG
\RXFDQRSWLPL]HWKHWUDQVPLVVLRQDQG
UHFHSWLRQYROXPHVHWWLQJV)LQGRXWPRUH
DERXWWKHRSWLPXPVHWWLQJVIRU\RXUPRELOH
SKRQHRQOLQHDW
KWWSZZZPEXVDPRELOHFRP2UFDOO
WKH0HUFHGHV%HQ]&XVWRPHU$VVLVWDQFH
FHQWHUDW
)250(5&HGHV
86$RU&XVWRPHU5HODWLRQVDW
&DQDGD
7RFDOOXSWKHEDVLFWHOHSKRQHPHQXSUHVV
WKH+EXWWRQRQHRUPRUHWLPHV
7RVZLWFKWRWKHPHQXEDUVOLGHRdWKH
FRQWUROOHU
7RVHOHFW
&RQQHFW'HYLFH
WXUQWKH
FRQWUROOHUDQGSUHVVWRFRQILUP
7KHWHOHSKRQHOLVWDSSHDUV
7RVHOHFWDQDXWKRUL]HGPRELOHSKRQHIURP
WKHOLVWWXUQWKHFRQWUROOHU
7RVHOHFWWKHOLVWV\PEROWRWKHULJKWRIWKH
HQWU\VOLGHRWKHFRQWUROOHUDQGSUHVVWR
FRQILUP
7RVHOHFW
5HFHSWLRQ9ROXPH
RU
7UDQVPLVVLRQ9ROXPH
WXUQWKHFRQWUROOHU
DQGSUHVVWRFRQILUP
7RVHOHFWDYROXPHVHWWLQJWXUQWKH
FRQWUROOHU
7RFORVHWKHVHWWLQJVFDOHSUHVVRUVOLGH
RWKHFRQWUROOHU
G,QFRUUHFWVHWWLQJVPD\KDYHDQLPSDFWRQ
WKHTXDOLW\RIFDOOV
8VLQJWKHWHOHSKRQH
,QFRPLQJFDOO
$FFHSWLQJDFDOO
7RVHOHFW
$FFHSW
SUHVVWKHFRQWUROOHU
RU
3UHVVWKHaEXWWRQRQ&20$1'RURQ
WKHPXOWLIXQFWLRQVWHHULQJZKHHO
G<RXFDQDOVRDFFHSWWKHFDOOE\YRLFH
FRPPDQGXVLQJWKH9RLFH&RQWURO6\VWHP
VHHWKHVHSDUDWHRSHUDWLQJLQVWUXFWLRQV
2QFH\RXKDYHDFFHSWHGWKHFDOO\RXFDQXVH
KDQGVIUHHPRGH
7KHFDOOYROXPHFDQEHDGMXVWHGSDJH
2WKHUIXQFWLRQVGXULQJDFDOOSDJH
,IWKHSKRQHQXPEHURIWKHFDOOHULV
WUDQVIHUUHGLWDSSHDUVLQWKHGLVSOD\
,IWKHUHLVDQHQWU\IRUWKHFDOOHULQWKHSKRQH
ERRN\RXZLOODOVRVHHWKHQDPH
,IWKHSKRQHQXPEHULVQRWWUDQVIHUUHG
8QNQRZQ
DSSHDUVLQWKHGLVSOD\
 8VLQJWKHWHOHSKRQH
7HOHSKRQH
G<RXFDQDOVRDFFHSWDFDOODVGHVFULEHG
DERYHZKHQDQRWKHUPDLQIXQFWLRQLV
VZLWFKHGRQLQ&20$1'2QFH\RXKDYH
DFFHSWHGWKHFDOOWKHGLVSOD\VZLWFKHVWR
WKHWHOHSKRQHGLVSOD\$IWHUWKHFDOOLV
ILQLVKHG\RXVHHWKHGLVSOD\RIWKHSUHYLRXV
PDLQDSSOLFDWLRQDJDLQ
7KHGLVSOD\GRHVQRWVZLWFKWRWHOHSKRQH
PRGHLI\RX
=DFFHSWWKHFDOOYLDWKH9RLFH&RQWURO
6\VWHPVHHWKHVHSDUDWHRSHUDWLQJ
LQVWUXFWLRQV
=DFFHSWWKHFDOOXVLQJWKHaEXWWRQRQ
WKHPXOWLIXQFWLRQVWHHULQJZKHHO
5HMHFWLQJDFDOO
3UHVVWKHvEXWWRQRQ&20$1'RURQ
WKHPXOWLIXQFWLRQVWHHULQJZKHHO
0DNLQJDFDOO
8VLQJWKHQXPEHUNH\SDG
&DOOXSWKHWHOHSKRQHEDVLFPHQX
SDJH
(QWHUWKHGLJLWVXVLQJWKHQXPEHUNH\SDG
G$VVRRQDVRQHRIWKHQXPEHUVLVWRXFKHG
WKHFRUUHVSRQGLQJEXWWRQLVKLJKOLJKWHGLQ
WKHGLVSOD\
7RFRQQHFWWKHFDOOSUHVVWKHa
EXWWRQRQ&20$1'RURQWKHPXOWLIXQFWLRQ
VWHHULQJZKHHO
8VLQJWKHWHOHSKRQHEDVLFPHQX
&DOOXSWKHWHOHSKRQHEDVLFPHQX
SDJH
7RVHOHFWDOOQXPEHUVRQHDIWHUWKHRWKHU
WXUQDQGSUHVVWKHFRQWUROOHUHDFKWLPH
'LDOLQJDQXPEHU
3UHVVWKHaEXWWRQRQ&20$1'RURQ
WKHPXOWLIXQFWLRQVWHHULQJZKHHO
5HGLDO
&DOOXSWKHWHOHSKRQHEDVLFPHQX
SDJH
7RVHOHFWIURPWKHFKDUDFWHUOLVWWXUQ
WKHFRQWUROOHUDQGSUHVVWRFRQILUP
RU
,IWKHWHOHSKRQHEDVLFPHQXLVGLVSOD\HG
SUHVVWKHaEXWWRQRQ&20$1'
7KHOLVWRIGLDOHGQXPEHUVDSSHDUV7KH
PRVWUHFHQWO\GLDOHGQXPEHULVDWWKHWRS
7RVHOHFWDFDOOWXUQWKHFRQWUROOHU
7RPDNHDFDOOSUHVVWKHFRQWUROOHU
8VLQJWKHFDOOOLVWRU&20$1'SKRQH
ERRN
2SHQDFDOOOLVWDQGVHOHFWDQHQWU\
SDJH
RU
&DOOXSWKH&20$1'SKRQHERRNDQG
VHOHFWDQHQWU\SDJH
7RPDNHDFDOOSUHVVWKHFRQWUROOHURUWKH
aEXWWRQ
0DNLQJDFDOOYLDVSHHGGLDO
<RXFDQVDYHHQWULHVIURPWKHSKRQHERRNLQ
WKHVSHHGGLDOOLVWDQGFDOOWKHPXVLQJVSHHG
GLDOQXPEHUVSDJH
2SWLRQ
+ROGGRZQRQHRIWKHQXPEHUNH\VIRU
ORQJHUWKDQWZRVHFRQGV
7KHWHOHSKRQHEDVLFPHQXGLVSOD\VWKH
VHOHFWHGHQWU\7KLVLQLWLDWHVGLDOLQJ
2SWLRQ
7RVHOHFWDGLJLWIURPWKHGLJLWEDULQWKH
EDVLFWHOHSKRQHPHQXWXUQWKHFRQWUROOHU
3UHVVWKHFRQWUROOHUIRUORQJHUWKDQWZR
VHFRQGV
7KHWHOHSKRQHEDVLFPHQXGLVSOD\VWKH
VHOHFWHGHQWU\7KLVLQLWLDWHVGLDOLQJ
8VLQJWKHWHOHSKRQH 
7HOHSKRQH
2SWLRQ
&DOOXSWKHWHOHSKRQHEDVLFPHQX
SDJH
7RVZLWFKWRWKHPHQXEDUVOLGHRdWKH
FRQWUROOHU
7RVHOHFW
&DOO/LVWV
WXUQDQGSUHVVWKH
FRQWUROOHU
$PHQXDSSHDUV
6HOHFW
6SHHG'LDO3UHVHW/LVW
7KHVSHHGGLDOOLVWDSSHDUV
6HOHFWDSUHVHW
7KHWHOHSKRQHEDVLFPHQXGLVSOD\VWKH
VHOHFWHGHQWU\7KLVLQLWLDWHVGLDOLQJ
)XQFWLRQVDYDLODEOHGXULQJDFDOO
2YHUYLHZ
C3HUVRQ\RXDUHFDOOLQJ
D6\PEROIRUDFWLYHWHOHSKRQHFRQQHFWLRQ
7RHQGDFDOO
7RVZLWFKWKHPLFURSKRQHRQRII
SDJH
7RVHQG'70)WRQHVQRWSRVVLEOHZLWKDOO
PRELOHSKRQHVSDJH
&DOOWR5HDU
$YDLODEOHIXQFWLRQV
=$FFHSWLQJDZDLWLQJFDOOSDJH
=0DNLQJDVHFRQGFDOOSDJH
=&DOOZDLWLQJSDJH
$YDLODELOLW\GHSHQGVRQWKHQHWZRUNRQO\
SRVVLEOHLQWKH*60QHWZRUNDQGRQWKH
%OXHWRRWKPRELOHSKRQH
6ZLWFKLQJWKHKDQGVIUHHPLFURSKRQH
RQRII
7KLVIXQFWLRQLVDOVRDYDLODEOHGXULQJDQDFWLYH
SKRQHFDOO
&DOOXSWKHWHOHSKRQHEDVLFPHQX
SDJH
'HDFWLYDWLQJ
7RVZLWFKWRWKHPHQXEDUVOLGHRdWKH
FRQWUROOHU
7RVHOHFW
0LFURSKRQH2II
WXUQWKH
FRQWUROOHUDQGSUHVVWRFRQILUP
,IWKHPLFURSKRQHLVVZLWFKHGRIIWKH
GLVSOD\VKRZVWKHMLFRQDQGWKH
7KH
0LFURSKRQHLV2II
PHVVDJHDSSHDUVIRU
DVKRUWSHULRG
$FWLYDWLQJ
6HOHFW
0LFURSKRQH2Q
7KHMV\PEROGLVDSSHDUV<RXZLOOEULHIO\
VHHWKH
7KHPLFURSKRQHLVRQ
PHVVDJH
6HQGLQJ'70)WRQHV
7KLVIXQFWLRQLVQRWVXSSRUWHGE\DOOPRELOH
SKRQHV
$QVZHULQJPDFKLQHVRURWKHUGHYLFHVFDQEH
FRQWUROOHGE\'70)WRQHVHJIRUUHPRWH
TXHU\IXQFWLRQV
,I\RXZRXOGOLNHWROLVWHQWRWKHPHVVDJHV
RQ\RXUDQVZHULQJPDFKLQHIRUH[DPSOH
GLDOWKHFRUUHVSRQGLQJQXPEHU
7UDQVPLWWLQJLQGLYLGXDOFKDUDFWHUV
2QFHDFRQQHFWLRQKDVEHHQHVWDEOLVKHGWR
WKHDQVZHUSKRQHVHOHFWWKHGHVLUHG
FKDUDFWHUVLQWKHFKDUDFWHUEDUWXUQLQJDQG
SUHVVLQJWKHFRQWUROOHUHDFKWLPH
RU
3UHVVWKHFRUUHVSRQGLQJNH\RQWKH
&20$1'QXPEHUNH\SDG
(YHU\FKDUDFWHUVHOHFWHGZLOOEH
WUDQVPLWWHGLPPHGLDWHO\
G<RXFDQDOVRVHQG'70)WRQHVXVLQJWKH
9RLFH&RQWUROV\VWHPVHHWKHVHSDUDWH
RSHUDWLQJLQVWUXFWLRQV
 8VLQJWKHWHOHSKRQH
7HOHSKRQH
3XWWLQJDFDOOWKURXJKWRWKHUHDU
FRPSDUWPHQWDQGUHWULHYLQJLW
<RXFDQSXWDFDOOWKURXJKWRWKH5HDU6HDW
(QWHUWDLQPHQW6\VWHP7KHFDOOLVRXWSXW
WKURXJKWKHUHDUORXGVSHDNHUVDQGWKHUHDU
PLFURSKRQHVDUHXVHG
7RVZLWFKWRWKHPHQXEDUVOLGHRdWKH
FRQWUROOHU
7RVHOHFW6HQG&DOOWRWKH5HDUWXUQ
DQGSUHVVWKHFRQWUROOHU
,QWKHERWWRPPHQXEDUWKH&DOOWR
)URQWHQWU\LVQRZYLVLEOH
5HWULHYLQJWKHFDOO
6HOHFW&DOOWR)URQW
&DOOVZLWKVHYHUDOSDUWLFLSDQWV
5HMHFWLQJRUDFFHSWLQJDZDLWLQJFDOO
7KHPRELOHSKRQHQHWZRUNSURYLGHUPXVW
VXSSRUWDQGDFWLYDWHWKHFDOOZDLWLQJIXQFWLRQ
'HSHQGLQJRQWKHPRELOHSKRQHXVHGWKH
V\VWHPEHKDYLRUGLIIHUVZKHQDFFHSWLQJD
FDOO
,I\RXKDYHDFDOOLQSURJUHVVDQGUHFHLYH
DQRWKHUFDOODQHZZLQGRZDSSHDUVLQWKH
GLVSOD\<RXDOVRKHDUDWRQH<RXFDQDFFHSW
RUUHMHFWWKHFDOO
5HMHFWLQJ
7RVHOHFW5HMHFWWXUQWKHFRQWUROOHUDQG
SUHVVWRFRQILUP
RU
3UHVVWKHvEXWWRQRQ&20$1'RURQ
WKHPXOWLIXQFWLRQVWHHULQJZKHHO
$FFHSWLQJ
3UHVVWKHaEXWWRQRQ&20$1'RURQ
WKHPXOWLIXQFWLRQVWHHULQJZKHHO
7KHV\VWHPEHKDYLRUDIWHUDFFHSWLQJWKH
LQFRPLQJFDOOGHSHQGVRQ\RXUPRELOHSKRQH
=7KHPRELOHSKRQHVXSSRUWVWKHFDOOZDLWLQJ
IXQFWLRQYLD%OXHWRRWKZKHQ
7KHSUHYLRXVO\DFWLYHFDOOLVKHOG<RXFDQ
WKHQVZLWFKEDFNDQGIRUWKEHWZHHQERWK
FDOOVWRJJOLQJSDJH
=7KHPRELOHSKRQHGRHVQRWVXSSRUWWKHFDOO
ZDLWLQJIXQFWLRQYLD%OXHWRRWKZKHQ
7KHSUHYLRXVO\DFWLYHFDOOLVHQGHG
7KLVLVDOVRWKHFDVHLI\RXDFFHSWWKH
ZDLWLQJFDOOXVLQJWKH9RLFH&RQWURO6\VWHP
VHHWKHVHSDUDWHRSHUDWLQJLQVWUXFWLRQV
7KH&20$1'GLVSOD\FKDQJHV,I\RX
FRQWLQXHWRRSHUDWHIXQFWLRQVRQWKHPRELOH
SKRQHWKH&20$1'GLVSOD\PD\GLIIHUIURP
WKDWRIWKHPRELOHSKRQH
0DNLQJDVHFRQGFDOO
,IWKHIROORZLQJUHTXLUHPHQWVDUHPHW\RXFDQ
PDNHDQRWKHUFDOOZKLOHRQWKHSKRQHZLWK
VRPHRQHHOVH7KLVDFWLRQSXWVWKHSUHYLRXV
FDOORQKROG
=7KHIXQFWLRQKDVWREHVXSSRUWHGE\WKH
PRELOHSKRQHQHWZRUN
=7KHPRELOHSKRQHKDVWRVXSSRUWWKH
FRQQHFWLRQRIDIXUWKHUFDOOYLD%OXHWRRWK
=7KHDSSURSULDWHVHWWLQJKDVWREHDFWLYDWHG
RQWKHPRELOHSKRQH
C0DNLQJDVHFRQGFDOO
7RVHOHFWWXUQDQGSUHVVWKHFRQWUROOHU
RU
3UHVVWKHaEXWWRQRQ&20$1'
(QWHUWKHSKRQHQXPEHU
=PDQXDOO\SDJH
=XVLQJWKHSKRQHERRNSDJH
8VLQJWKHWHOHSKRQH 
7HOHSKRQH
=XVLQJWKHFDOOOLVWVSDJH
=XVLQJVSHHGGLDOSDJH
&DOOZDLWLQJ
<RXFDQVZLWFKEDFNDQGIRUWKEHWZHHQFDOOV
ZLWKWKLVIXQFWLRQ7KHIXQFWLRQLVDYDLODEOHLI
\RXUPRELOHSKRQHVXSSRUWVWKHWRJJOLQJ
IXQFWLRQYLD%OXHWRRWK
<RXFDQXVHWKHIXQFWLRQLI\RXDUHDQVZHULQJ
DVHFRQGFDOORUPDNLQJDVHFRQGFDOO%RWK
GLVFXVVLRQVDUHPDUNHGZLWKRU7KHDFWLYH
FDOOLVKLJKOLJKWHG
7RVHOHFWRUWXUQDQGSUHVVWKH
FRQWUROOHU
RU
3UHVVWKHaEXWWRQRQ&20$1'RURQ
WKHPXOWLIXQFWLRQVWHHULQJZKHHO
7KHSUHYLRXVFDOORQKROGLVDFWLYDWHG
(QGLQJWKHDFWLYHFDOO
3UHVVWKHvEXWWRQRQ&20$1'RURQ
WKHPXOWLIXQFWLRQVWHHULQJZKHHO
$SURPSWDSSHDUVDVNLQJZKHWKHU\RX
ZRXOGOLNHWRFRQWLQXHWKHFDOORQKROG
6HOHFW
&RQWLQXH
7KHFDOORQKROGLVDFWLYDWHG,I\RXVHOHFW
+DQJ8S
WKHFDOORQKROGLVDOVRHQGHG
G2QVRPHPRELOHSKRQHVWKHFDOORQKROG
LVDFWLYDWHGDVVRRQDVWKHDFWLYHFDOOLV
HQGHG
&RQIHUHQFHFDOO
<RXFDQLQWHUFRQQHFWFDOOVDFWLYHDQGRQ
KROGRQ&20$1'7KLVSHUPLWVVHYHUDO
SDUWLHVWRKHDURQHDQRWKHUDQGVSHDNZLWK
RQHDQRWKHU
0DNHDVHFRQGFDOOSDJH
7RVZLWFKWRWKHPHQXEDUVOLGHRdWKH
FRQWUROOHU
7RVHOHFW
&RQIHUHQFH
WXUQDQGSUHVVWKH
FRQWUROOHU
7KHQHZSDUWLFLSDQWLVLQFOXGHGLQWKH
FRQIHUHQFHFDOO
8VLQJWKHSKRQHERRN
,QWURGXFWLRQ
7KHSKRQHERRNGLVSOD\VWKHQDPHVDQG
SKRQHQXPEHUVRIDOODGGUHVVERRNHQWULHV
VDYHGLQWKH&20$1'DGGUHVVERRN,IDQ
DGGUHVVERRNHQWU\GRHVQRWKDYHD
WHOHSKRQHQXPEHULWGRHVQRWDSSHDULQWKH
SKRQHERRN
7KHPRELOHSKRQHVWHOHSKRQHERRNLV
DXWRPDWLFDOO\GRZQORDGHGLQWR&20$1'RQ
FRQQHFWLRQGHIDXOWVHWWLQJ<RXFDQ
GHDFWLYDWHDXWRPDWLFGRZQORDGLQJ
SDJH
,QWKHWHOHSKRQHERRN\RXFDQ
=VDYHSKRQHQXPEHUVSDJH
=VHDUFKIRUHQWULHVSDJH
=GHOHWHHQWULHVSDJH
=LPSRUWFRQWDFWVSDJH
=GHOHWHFRQWDFWVSDJH
=UHFHLYHY&DUGVSDJH
G7KHVWRUHGSKRQHERRNDQGWKHY&DUGV
UHPDLQLQ&20$1'HYHQLI\RXXVH
&20$1'ZLWKDQRWKHUPRELOHSKRQH7KH
HQWULHVFDQEHYLHZHGZLWKRXWDPRELOH
SKRQH)RUWKLVUHDVRQ\RXVKRXOGGHOHWH
DQ\SKRQHERRNHQWULHVEHIRUHKDQGLQJ
RYHURUVHOOLQJWKHYHKLFOH
&DOOLQJXSWKHSKRQHERRN
2SHQLQJWKHSKRQHERRN
7RFDOOXSWKHEDVLFWHOHSKRQHPHQXSUHVV
WKH+EXWWRQRQHRUPRUHWLPHV
7RVHOHFW
1DPH
IURPWKHWHOHSKRQHEDVLF
PHQXWXUQWKHFRQWUROOHUDQGSUHVVWR
FRQILUP
,IWKHSKRQHERRNFRQWDLQVHQWULHVWKH\ZLOO
EHGLVSOD\HGLQDOSKDEHWLFDORUGHU7KH
FKDUDFWHUEDUDWWKHERWWRPRIWKHGLVSOD\
LVDFWLYH
7KHFKDUDFWHUEDULVXVHGIRUIDVWVHOHFWLRQ
RIDQHQWU\
 8VLQJWKHSKRQHERRN
7HOHSKRQH
(QWHUWKHFKDUDFWHUXVLQJWKHFKDUDFWHUEDU
SDJH
G<RXFDQDOVRFDOOXSWKHSKRQHERRNXVLQJ
WKHPXOWLIXQFWLRQVWHHULQJZKHHOVHHWKH
VHSDUDWHYHKLFOH2SHUDWRUV0DQXDO
&ORVLQJWKHSKRQHERRN
7RVHOHFW9IURPWKHFKDUDFWHUEDUWXUQ
WKHFRQWUROOHUDQGSUHVVWRFRQILUP
RU
3UHVVWKH8EXWWRQ
6\PERORYHUYLHZ
6\P
ERO
([SODQDWLRQ
Ø$GGUHVVERRNHQWU\WKDWKDVEHHQ
HQWHUHGRUFKDQJHGYLD&20$1'
,PSRUWWKDWZDVVDYHGLQDGGUHVV
ERRN
$GGUHVVERRNHQWU\ZLWKYRLFHWDJ
7KHVHHQWULHVKDYHDOVREHHQ
DVVLJQHGDYRLFHWDJ9RLFHWDJVDUH
DYDLODEOHLQYHKLFOHVZLWKWKH9RLFH
&RQWURO6\VWHPVHHWKHVHSDUDWH
RSHUDWLQJLQVWUXFWLRQV
×&RQWDFWWKDWZDVGRZQORDGHGIURP
DPRELOHSKRQH
»(QWU\WKDWKDVEHHQLPSRUWHGIURP
WKHPHPRU\FDUGRU86%GHYLFH
º(QWU\LPSRUWHGYLDWKH%OXHWRRWK
LQWHUIDFH
6HDUFKLQJIRUDSKRQHERRNHQWU\
8VLQJWKHFKDUDFWHUEDU
<RXGHWHUPLQHWKHILUVWOHWWHURIWKHHQWU\\RX
DUHORRNLQJIRUZLWKWKHILUVWFKDUDFWHU\RX
HQWHU
7RVHOHFWFKDUDFWHUVWXUQWKHFRQWUROOHU
DQGSUHVVWRFRQILUP
7KHILUVWHQWU\LQWKHOLVWWKDWVWDUWVZLWKWKH
OHWWHUVHOHFWHGLVKLJKOLJKWHG,IWKHUHDUH
VLPLODUHQWULHVWKHQH[WGLIIHUHQWFKDUDFWHU
LVVKRZQ)RUH[DPSOHZLWKHQWULHVVXFKDV
&KULVWHODQG&KULVWLQHWKHEHJLQQLQJV
RIWKHQDPHVDUHVLPLODU,QWKLVFDVH\RX
ZLOOEHRIIHUHGDFKRLFHEHWZHHQ(DQG,
6HOHFWWKHFKDUDFWHUVRIWKHHQWU\\RXDUH
VHDUFKLQJIRURQHE\RQHSUHVVLQJDQG
FRQILUPLQJZLWKWKHFRQWUROOHUHDFKWLPH
:KHQWKHVHOHFWLRQLVFOHDU&20$1'
VZLWFKHVDXWRPDWLFDOO\WRWKHVHOHFWLRQOLVW
7RFRPSOHWHWKHVHDUFKVOLGHRWKH
FRQWUROOHUUHSHDWHGO\RUSUHVVDQGKROG
XQWLOWKHFKDUDFWHUEDUGLVDSSHDUV
7KHVHOHFWLRQOLVWDSSHDUV
,QIRUPDWLRQDERXWFKDUDFWHUHQWU\
SDJH
8VLQJWKHQXPEHUNH\SDG
<RXGHWHUPLQHWKHILUVWOHWWHURIWKHHQWU\\RX
DUHORRNLQJIRUZLWKWKHILUVWFKDUDFWHU\RX
HQWHU
3UHVVWKHDSSURSULDWHQXPEHUNH\VDV
PDQ\WLPHVDVQHFHVVDU\DQGRQHDIWHUWKH
RWKHU
)XUWKHULQIRUPDWLRQRQFKDUDFWHUHQWU\XVLQJ
WKHQXPEHUNH\SDGGLUHFWHQWU\
SDJH
'LUHFWO\IURPWKHOLVW
<RXFDQVZLWFKWRWKHOLVWDWDQ\WLPHGXULQJ
FKDUDFWHUHQWU\
8VLQJWKHSKRQHERRN 
7HOHSKRQH
6OLGHRWKHFRQWUROOHUUHSHDWHGO\RUSUHVV
DQGKROGXQWLOWKHFKDUDFWHUEDUGLVDSSHDUV
RU
7RVHOHFWTWXUQWKHFRQWUROOHUDQG
SUHVVWRFRQILUP
6HOHFWDQHQWU\WXUQDQGSUHVVWKH
FRQWUROOHU
7KHCV\PEROLQGLFDWHVWKDWDQHQWU\
FRQWDLQVPRUHWKDQRQHSKRQHQXPEHU
7RVHOHFWDWHOHSKRQHERRNHQWU\ZLWKWKH
CV\PEROWXUQWKHFRQWUROOHUDQGSUHVVWR
FRQILUP
7KHVXEHQWULHVDSSHDU7KHCV\PERO
FKDQJHVWRE
7RVHOHFWDVXEHQWU\WXUQWKHFRQWUROOHU
DQGSUHVVWRFRQILUP
5HWXUQLQJWRWKHWHOHSKRQHERRNZLWK
FKDUDFWHUEDU
3UHVVWKH8EXWWRQ
'LVSOD\LQJGHWDLOVIRUDQHQWU\
7RVHOHFWDQHQWU\IURPWKHVHOHFWLRQOLVW
WXUQWKHFRQWUROOHU
7RVHOHFWWKHOLVWV\PEROWRWKHULJKWRIWKH
HQWU\VOLGHRWKHFRQWUROOHUDQGSUHVVWR
FRQILUP
7RVHOHFW
'HWDLOV
WXUQDQGSUHVVWKH
FRQWUROOHU
7KHGHWDLOHGYLHZDSSHDUV
&ORVLQJWKHGHWDLOHGGLVSOD\
6OLGHRWKHFRQWUROOHUXQWLOWKHHQWU\LV
KLJKOLJKWHGRQFHDJDLQ
RU
3UHVVWKH8EXWWRQ
'HOHWLQJDQHQWU\IURPWKHSKRQH
ERRN
,IWKHHQWU\FRQWDLQVRQO\SKRQHQXPEHUVLW
LVGHOHWHGIURPWKHSKRQHERRNDQGDGGUHVV
ERRN
,ILWFRQWDLQVDGGLWLRQDOGDWDVXFKDVD
QDYLJDEOHGHVWLQDWLRQWKHHQWU\LVGHOHWHGLQ
WKHSKRQHERRN+RZHYHUWKHHQWU\LV
UHWDLQHGLQWKHDGGUHVVERRN
7RVHOHFWDQHQWU\IURPWKHVHOHFWLRQOLVW
WXUQWKHFRQWUROOHUDQGSUHVVWRFRQILUP
7RVHOHFWWKHOLVWV\PEROWRWKHULJKWRIWKH
HQWU\VOLGHRWKHFRQWUROOHUDQGSUHVVWR
FRQILUP
7RVHOHFW
'HOHWH
WXUQWKHFRQWUROOHUDQG
SUHVVWRFRQILUP
$SURPSWDSSHDUVDVNLQJZKHWKHUWKHHQWU\
VKRXOGEHGHOHWHG
7RVHOHFW
<HV
RU
1R
WXUQRUSUHVVWKH
FRQWUROOHU
,I\RXVHOHFW
<HV
WKHHQWU\LVGHOHWHGLQ
DFFRUGDQFHZLWKWKHUXOHVGHVFULEHGDERYH
,I\RXVHOHFW
1R
WKHSURFHVVZLOOEH
FDQFHOHG
 8VLQJWKHSKRQHERRN
7HOHSKRQH
&UHDWLQJDQHZHQWU\LQWKHSKRQH
ERRN
6OLGHRWKHFRQWUROOHUUHSHDWHGO\LQWKH
SKRQHERRNXQWLOWKHVHOHFWLRQOLVWDSSHDUV
7RVHOHFWWKHOLVWV\PEROWRWKHULJKWRIWKH
VHOHFWLRQOLVWVOLGHRWKHFRQWUROOHUDQG
SUHVVWRFRQILUP
7RVHOHFW1HZ(QWU\WXUQWKHFRQWUROOHU
DQGSUHVVWRFRQILUP
7RVHOHFWDFDWHJRU\IRUWKHQXPEHUHJ
+RPHWXUQWKHFRQWUROOHUDQGSUHVVWR
FRQILUP
7RVHOHFWDSKRQHFDWHJRU\HJ0RELOH
WXUQWKHFRQWUROOHUDQGSUHVVWRFRQILUP
G,I\RXKDYHPDUNHGDQXPEHUDVSUHIHUUHG
LWDSSHDUVDWWKHWRSRIWKHOLVWDQGLV
KLJKOLJKWHG
7RVHOHFW3UHIHUUHGWXUQDQGSUHVVWKH
FRQWUROOHU
7RVHOHFW&RQWLQXHWXUQWKHFRQWUROOHUDQG
SUHVVWRFRQILUP
7KHLQSXWPHQXZLWKGDWDILHOGVDSSHDUV
C6HOHFWHGGDWDILHOGZLWKFXUVRU
D&KDUDFWHUEDU
(QWHULQJFKDUDFWHUVSDJH
6DYLQJWKHHQWU\
7RVHOHFWTIURPWKHFKDUDFWHUOLVWWXUQ
WKHFRQWUROOHUDQGSUHVVWRFRQILUP
7KHHQWU\LVFUHDWHGLQWKHSKRQHERRNDQG
LQWKHDGGUHVVERRN
$GGLQJWRDSKRQHERRNHQWU\
<RXFDQDGGWHOHSKRQHQXPEHUVWRDQ
H[LVWLQJSKRQHERRNHQWU\
7RVHOHFWDQHQWU\IURPWKHVHOHFWLRQOLVW
WXUQWKHFRQWUROOHUDQGSUHVVWRFRQILUP
7RVHOHFWWKHOLVWV\PEROWRWKHULJKWRIWKH
HQWU\VOLGHRWKHFRQWUROOHUDQGSUHVVWR
FRQILUP
7RVHOHFW$GG1XPEHUWXUQWKHFRQWUROOHU
DQGSUHVVWRFRQILUP
7RVHOHFWDFDWHJRU\IRUWKHQXPEHUHJ
+RPHWXUQWKHFRQWUROOHUDQGSUHVVWR
FRQILUP
7RVHOHFWDSKRQHFDWHJRU\HJ0RELOH
WXUQWKHFRQWUROOHUDQGSUHVVWRFRQILUP
G,I\RXKDYHPDUNHGDQXPEHUDVSUHIHUUHG
LWDSSHDUVDWWKHWRSRIWKHOLVWDQGLV
KLJKOLJKWHG<RXFDQFDOOWKHQXPEHUWKDWLV
PDUNHGDVSUHIHUUHGE\SUHVVLQJWKHf
EXWWRQWZLFH
7RVHOHFW3UHIHUUHGWXUQDQGSUHVVWKH
FRQWUROOHU
7RVHOHFW&RQWLQXHWXUQWKHFRQWUROOHUDQG
SUHVVWRFRQILUP
&20$1'VWRUHVWKHGDWDLIWKHUHDUHIHZHU
WKDQILYHQXPEHUVDVVLJQHGWRWKHHQWU\\RX
DUHVHDUFKLQJIRULQWKHVHOHFWHGQXPEHU
FDWHJRU\
,IILYHQXPEHUVDUHVWRUHGIRUWKHHQWU\LQ
WKHVHOHFWHGQXPEHUFDWHJRU\DSURPSW
ZLOODSSHDU<RXFDQWKHQFKRRVHZKHWKHU
WRRYHUZULWHRQHRIWKHH[LVWLQJQXPEHUV
7RVHOHFW<HVRU1RWXUQRUSUHVVWKH
FRQWUROOHU
,I\RXVHOHFW<HVDVHOHFWLRQOLVWZLOODSSHDU
FRQWDLQLQJWKHILYHH[LVWLQJQXPEHUV
8VLQJWKHSKRQHERRN 
7HOHSKRQH
,I\RXVHOHFW
1R
WKHSURFHVVZLOOEH
FDQFHOHG
7RVHOHFWWKHQXPEHUWREHRYHUZULWWHQ
WXUQWKHFRQWUROOHUDQGSUHVVWRFRQILUP
$QLQSXWPHQXDSSHDUV7KHGDWDILHOGIRU
HQWHULQJWKHQHZSKRQHQXPEHULV
KLJKOLJKWHG
(QWHUFKDUDFWHUVDQGVDYHWKHHQWU\
SDJH
6WRULQJWKHSKRQHQXPEHUDVDVSHHG
GLDOQXPEHU
<RXFDQDVVLJQDVSHHGGLDOWRDQH[LVWLQJ
SKRQHQXPEHU
7RVHOHFWDQHQWU\IURPWKHVHOHFWLRQOLVW
WXUQWKHFRQWUROOHUDQGSUHVVWRFRQILUP
7RVHOHFWWKHGHVLUHGWHOHSKRQHQXPEHU
WXUQWKHFRQWUROOHU
7RVHOHFWWKHOLVWV\PEROWRWKHULJKWRIWKH
HQWU\VOLGHRWKHFRQWUROOHUDQGSUHVVWR
FRQILUP
7RVHOHFW
6SHHG'LDO
WXUQWKHFRQWUROOHU
DQGSUHVVWRFRQILUP
<RXFDQQRZVWRUHWKHQXPEHULQRQHRIWKH
WHQVSHHGGLDOSUHVHWVSDJH
8VLQJFDOOOLVWV
,QWURGXFWLRQ
:KHQPDNLQJFDOOVXVLQJ&20$1'2QOLQH
LQFRPLQJDQGRXWJRLQJFDOOVLQFOXGLQJ
PLVVHGFDOOVDUHVWRUHGLQVHSDUDWHOLVWV&DOO
OLVWVDUHQRWDYDLODEOHXQOHVVDPRELOHSKRQH
LVFRQQHFWHGWR&20$1'2QOLQH
&20$1'VXSSRUWVWKH3%$3%OXHWRRWK
SURILOH7KHV\VWHPEHKDYLRUGLIIHUVDV
IROORZV
=%OXHWRRWKWHOHSKRQHZLWK3%$3
%OXHWRRWKSURILOH
7KHFDOOOLVWVDUHGRZQORDGHGDXWRPDWLFDOO\
IURPWKHPRELOHSKRQHE\&20$1'DV
VRRQDVWKHPRELOHSKRQHLVFRQQHFWHGWR
&20$1'
=%OXHWRRWKWHOHSKRQHZLWKRXW3%$3
%OXHWRRWKSURILOH
7KHFDOOOLVWVDUHFUHDWHGGLVSOD\HGDQG
VWRUHGE\&20$1'2QOLQH
G)RU%OXHWRRWKWHOHSKRQHVZLWKRXWWKH
3%$3%OXHWRRWKSURILOHWKHFDOOOLVWVLQ
&20$1'DUHQRWV\QFKURQL]HGZLWKWKRVH
RQ\RXUPRELOHSKRQH7KHVHFDOOVPD\RU
PD\QRWEHOLVWHGRQ\RXUPRELOHSKRQH
GHSHQGLQJRQWKHPRGHO
G,IQRPRELOHSKRQHLVFRQQHFWHGWKHQWKH
&DOO/LVWV
PHQXLWHPLVJUD\HGRXWDQG
FDQQRWEHVHOHFWHG,I\RXFRQQHFWDPRELOH
SKRQHRWKHUWKDQWKHSUHYLRXVRQHWR
&20$1'WKHSUHYLRXVO\DYDLODEOHFDOOOLVWV
ZLOOEHGHOHWHGDXWRPDWLFDOO\7KHFDOOOLVWV
DUHVWLOODYDLODEOHRQWKHPRELOHSKRQHLWVHOI
G,I&20$1'KDVQRWVDYHGDQ\FDOOOLVWVIRU
WKHSKRQHFRQQHFWHG\RXFDQQRWVHOHFW
WKHUHVSHFWLYHPHQXLWHPVXQWLOFDOOVKDYH
EHHQUHFHLYHGRUPDGH
'LVSOD\LQJPLVVHGFDOOVLQWKH&20$1'
GLVSOD\LVQRWVXSSRUWHGE\DOOPRELOH
SKRQHV
2SHQLQJWKHFDOOOLVWDQGVHOHFWLQJDQ
HQWU\
7RFDOOXSWKHEDVLFWHOHSKRQHPHQXSUHVV
WKH+EXWWRQRQHRUPRUHWLPHV
7RVZLWFKWRWKHPHQXEDUVOLGHRdWKH
FRQWUROOHU
7RVHOHFW
&DOO/LVWV
WXUQDQGSUHVVWKH
FRQWUROOHU
$PHQXDSSHDUV
7RVHOHFW
(QWHUHG
RU
6HOHFWHG
WXUQWKH
FRQWUROOHUDQGSUHVVWRFRQILUP
7KHFRUUHVSRQGLQJOLVWDSSHDUV
 8VLQJFDOOOLVWV
7HOHSKRQH
/LVWRIVHOHFWHGSKRQHQXPEHUVH[DPSOH
C'DWHDQGWLPHLIDYDLODEOH
D7HOHSKRQHQXPEHURIWKHKLJKOLJKWHG
HQWU\DQGV\PEROVLIDVVLJQHG
7RFDOOXSRSWLRQV
7RFORVHWKHOLVW
G<RXFDQDOVRFDOOXSWKHOLVWRIGLDOHGFDOOV
E\SUHVVLQJWKHaEXWWRQZKHQWKH
WHOHSKRQHEDVLFPHQXLVVKRZQ,QWKLV
FDVHWKHOLVWZLOORQO\VKRZQDPHVRUSKRQH
QXPEHUV
7RVHOHFWDQHQWU\WXUQWKHFRQWUROOHU
7RGLDODSKRQHQXPEHUSUHVVWKH
FRQWUROOHU
7RVHOHFW9WRWKHOHIWRIWKHOLVWVOLGH
RWKHFRQWUROOHUDQGSUHVVWRFRQILUP
RU
3UHVVWKH8EXWWRQ
7KHOLVWLVFORVHG
'LVSOD\LQJGHWDLOVIURPDOLVWHQWU\
&20$1'FDQDOVRVKRZDVKRUWHQHGOLVWHQWU\
LQIXOO
7RVHOHFWDOLVWHQWU\WXUQWKHFRQWUROOHU
7RVHOHFWWKHOLVWV\PEROWRWKHULJKWRIWKH
HQWU\VOLGHRWKHFRQWUROOHUDQGSUHVVWR
FRQILUP
7RVHOHFW'HWDLOVWXUQDQGSUHVVWKH
FRQWUROOHU
7KHGHWDLOHGYLHZDSSHDUV
7RJREDFNWRWKHOLVWVOLGHRWKH
FRQWUROOHUUHSHDWHGO\XQWLOWKHOLVWLV
KLJKOLJKWHG
6WRULQJDSKRQHQXPEHU
6WRUDJHRSWLRQV
)RULQFRPLQJFDOOVIURPDSHUVRQZKRLVQRW
LQWKHDGGUHVVERRN&20$1'GLVSOD\VWKH
SKRQHQXPEHULQWKHFDOOOLVW<RXFDQVDYH
WKLVWHOHSKRQHQXPEHUDVDQHZHQWU\LQWKH
DGGUHVVERRNRUDGGLWWRDQH[LVWLQJHQWU\
1HZDGGUHVVERRNHQWU\
2SHQDFDOOOLVWDQGVHOHFWDQHQWU\
SDJH
7RVHOHFWWKHOLVWV\PEROWRWKHULJKWRIWKH
HQWU\VOLGHRWKHFRQWUROOHUDQGSUHVVWR
FRQILUP
7RVHOHFW6DYHWXUQWKHFRQWUROOHUDQG
SUHVVWRFRQILUP
6HOHFW1HZHQWU\
$PHQXDSSHDUVLQZKLFK\RXFDQVHOHFW
FDWHJRULHVIRUWKHQXPEHU
6HOHFWDQXPEHUFDWHJRU\HJ+RPH
6HOHFWDWHOHSKRQHFDWHJRU\HJ0RELOH
7KHVHOHFWHGFDWHJRU\LVPDUNHGZLWK6
G,I\RXKDYHPDUNHGDQXPEHUDVSUHIHUUHG
LWDSSHDUVDWWKHWRSRIWKHOLVWDQGLV
KLJKOLJKWHG
8VLQJFDOOOLVWV 
7HOHSKRQH
7RVHOHFW
3UHIHUUHG
WXUQDQGSUHVVWKH
FRQWUROOHU
6HOHFW
&RQWLQXH
$QLQSXWPHQXZLWKGDWDILHOGVLVVKRZQ
7KHGDWDILHOGIRUWKHWHOHSKRQHQXPEHULV
ILOOHGLQDXWRPDWLFDOO\
C'DWDILHOGZLWKFXUVRU
D7HOHSKRQHQXPEHUDQGV\PEROIRUWKH
SKRQHFDWHJRU\DXWRPDWLFDOO\HQWHUHG
&KDUDFWHUEDU
$GGLQJLQIRUPDWLRQWRDQDGGUHVVERRN
HQWU\
2SHQDFDOOOLVWDQGVHOHFWDQHQWU\
SDJH
7RVHOHFWWKHOLVWV\PEROWRWKHULJKWRIWKH
HQWU\VOLGHRWKHFRQWUROOHUDQGSUHVVWR
FRQILUP
7RVHOHFW
6DYH
WXUQWKHFRQWUROOHUDQG
SUHVVWRFRQILUP
6HOHFW
$GG3KRQH1R
6HOHFWDQXPEHUFDWHJRU\HJ
+RPH
6HOHFWDWHOHSKRQHFDWHJRU\HJ
0RELOH
6HOHFW
&RQWLQXH
7KHVHDUFKPHQXIRUDGGUHVVERRNHQWULHV
DSSHDUV
6HDUFKIRUWKHGHVLUHGHQWU\SDJH
3UHVVWKHFRQWUROOHUZKHQ\RXKDYHILQLVKHG
VHDUFKLQJ
&20$1'VWRUHVWKHGDWDLIWKHUHDUHIHZHU
WKDQILYHQXPEHUVDVVLJQHGWRWKHHQWU\\RX
DUHVHDUFKLQJIRULQWKHVHOHFWHGQXPEHU
FDWHJRU\
<RXZLOOVHHDPHVVDJHWRWKLVHIIHFW
,IILYHQXPEHUVDUHVWRUHGIRUWKHHQWU\\RX
DUHVHDUFKLQJIRUDSURPSWZLOODSSHDU
DVNLQJZKHWKHU\RXZLVKWRRYHUZULWHRQH
RIWKHH[LVWLQJQXPEHUV
7RVHOHFW
<HV
RU
1R
WXUQWKHFRQWUROOHUDQG
SUHVVWRFRQILUP
,I\RXVHOHFW
<HV
DVHOHFWLRQOLVWZLWKWKH
ILYHH[LVWLQJQXPEHUVLVGLVSOD\HG
,I\RXVHOHFW
1R
WKHSURFHVVZLOOEH
FDQFHOHG
6HOHFWWKHQXPEHUWREHRYHUZULWWHQIURP
WKHOLVW
&20$1'RYHUZULWHVWKHVHOHFWHGQXPEHU
ZLWKWKHQHZGDWD
'HOHWLQJFDOOOLVWV
&DOOOLVWVZKLFKDUHJHQHUDWHGDQGPDQDJHG
E\&20$1'2QOLQHFDQEHGHOHWHGRQ
&20$1'2QOLQH
<RXFDQQRWGHOHWHFDOOOLVWVIURP
&20$1'2QOLQHZKLFK\RXKDYHGRZQORDGHG
IURPD%OXHWRRWKSKRQHWKDWVXSSRUWVWKH
3%$3%OXHWRRWKSURILOH
7RVZLWFKWRWKHPHQXEDULQWKHWHOHSKRQH
EDVLFPHQXVOLGHWKHFRQWUROOHU
7RVHOHFW
&DOO/LVWV
WXUQDQGSUHVVWKH
FRQWUROOHU
6HOHFW
'HOHWH&DOO/LVWV
$SURPSWDSSHDUVDVNLQJZKHWKHU\RXZLVK
WRGHOHWHDOOFDOOOLVWV
6HOHFW
<HV
RU
1R
,I\RXVHOHFW
<HV
WKHFDOOOLVWVDUHGHOHWHG
,I\RXVHOHFW
1R
WKHSURFHVVZLOOEH
FDQFHOHG
G,I\RXGHOHWHWKHVHFDOOOLVWVIURPWKH
PRELOHSKRQHVHHWKHVHSDUDWHPRELOH
SKRQHRSHUDWLQJLQVWUXFWLRQV&20$1'
XSGDWHVWKHFDOOOLVWGLVSOD\WKHQH[WWLPHLW
FRQQHFWV
 8VLQJFDOOOLVWV
7HOHSKRQH
8VLQJWKHVSHHGGLDOOLVW
6WRULQJDQHQWU\
6SHHGGLDOPHQX
<RXFDQDVVLJQWHQVSHHGGLDOSUHVHWV±
WRWKHVSHHGGLDOOLVW7KHUHDUHWZRRSWLRQV
DYDLODEOHIRUWKLVSXUSRVH
2SWLRQ
6HDUFKIRUDSKRQHERRNHQWU\LQWKHSKRQH
ERRNSDJH
,IDQHQWU\KDVVHYHUDOSKRQHQXPEHUV
VHOHFWWKHGHVLUHGQXPEHUE\WXUQLQJWKH
FRQWUROOHU
7RVHOHFWWKHOLVWV\PEROWRWKHULJKWRIWKH
HQWU\VOLGHRWKHFRQWUROOHUDQGSUHVVWR
FRQILUP
$PHQXDSSHDUV
7RVHOHFW6SHHG'LDOWXUQDQGSUHVVWKH
FRQWUROOHU
$PHQXDSSHDUV
7RVHOHFW$VVLJQ6SHHG'LDO3UHVHW
WXUQDQGSUHVVWKHFRQWUROOHU
7KHVSHHGGLDOOLVWDSSHDUV7KHVHOHFWHG
SKRQHERRNHQWU\LVDWWKHWRS7KHQH[W
DYDLODEOHVSHHGGLDOSUHVHWLVKLJKOLJKWHG
6HOHFWDVSHHGGLDOSUHVHW
7KHSKRQHERRNHQWU\LVVDYHGLQWKHVSHHG
GLDOSUHVHW
2SWLRQ
&DOOXSWKHWHOHSKRQHEDVLFPHQX
SDJH
7RVZLWFKWRWKHPHQXEDUVOLGHRdWKH
FRQWUROOHU
7RVHOHFW&DOO/LVWVWXUQDQGSUHVVWKH
FRQWUROOHU
6HOHFW6SHHG'LDO3UHVHW/LVW
7KHVSHHGGLDOOLVWDSSHDUV
6HOHFWDOLQHLQWKHVSHHGGLDOOLVW
G,I\RXVHOHFWDQHQWU\WKDWDOUHDG\H[LVWV
LQWKHVSHHGGLDOOLVWWKLVLVRYHUZULWWHQZLWK
WKHQHZHQWU\
7RVZLWFKWRWKHPHQXVOLGHRWKH
FRQWUROOHU
6HOHFW$VVLJQ6SHHG'LDO3UHVHW
7KHSKRQHERRNDSSHDUV
6HOHFWDQHQWU\
7KHSKRQHERRNHQWU\LVDVVLJQHGWRWKH
VSHHGGLDOQXPEHU
6HOHFWDVSHHGGLDOSUHVHW
7KHSKRQHERRNHQWU\LVVDYHGLQWKHVSHHG
GLDOSUHVHW
0DNLQJDFDOOYLDVSHHGGLDO
7KHVSHHGGLDOOLVWFRQWDLQVVWRUHGSKRQH
ERRNHQWULHVSDJH
8VLQJWKHVSHHGGLDOOLVW 
7HOHSKRQH
2SWLRQ
+ROGGRZQRQHRIWKHQXPEHUNH\VIRU
ORQJHUWKDQWZRVHFRQGV
7KHWHOHSKRQHEDVLFPHQXGLVSOD\VWKH
VHOHFWHGHQWU\7KLVLQLWLDWHVGLDOLQJ
2SWLRQ
&DOOXSWKHWHOHSKRQHEDVLFPHQX
SDJH
7RVZLWFKWRWKHPHQXEDUVOLGHRdWKH
FRQWUROOHU
7RVHOHFW
&DOO/LVWV
WXUQDQGSUHVVWKH
FRQWUROOHU
6HOHFW
6SHHG'LDO3UHVHW/LVW
7KHVSHHGGLDOOLVWDSSHDUV
6HOHFWDSUHVHW
7KHWHOHSKRQHEDVLFPHQXGLVSOD\VWKH
VHOHFWHGHQWU\7KLVLQLWLDWHVGLDOLQJ
'HOHWLQJDVSHHGGLDOQXPEHU
'HOHWLQJDVSHHGGLDOSUHVHW
7RVHOHFWDQHQWU\WXUQWKHFRQWUROOHU
7RVZLWFKWRWKHPHQXVOLGHRWKH
FRQWUROOHU
7RVHOHFW
'HOHWH6SHHG'LDO3UHVHW
WXUQWKHFRQWUROOHUDQGSUHVVWRFRQILUP
$SURPSWDSSHDUVDVNLQJZKHWKHUWKH
VSHHGGLDOSUHVHWVKRXOGEHGHOHWHG
6HOHFW
<HV
RU
1R
,I\RXVHOHFW
<HV
WKHVSHHGGLDOZLOOEH
GHOHWHGIURPWKHVSHHGGLDOOLVW
,I\RXVHOHFW
1R
WKHSURFHVVZLOOEH
FDQFHOHG
'HOHWLQJDOOVSHHGGLDOSUHVHWV
7RVHOHFW
'HOHWHDOO6SHHG'LDO
3UHVHWV
LQWKHVSHHGGLDOPHQXWXUQ
FRQWUROOHUDQGSUHVVWRFRQILUP
<RXZLOOEHDVNHGLI\RXZRXOGOLNHWRGHOHWH
DOOVSHHGGLDOSUHVHWV
6HOHFW
<HV
RU
1R
,I\RXVHOHFW
<HV
DOOVSHHGGLDOSUHVHWVZLOO
EHGHOHWHGIURPWKHVSHHGGLDOOLVW
,I\RXVHOHFW
1R
WKHSURFHVVZLOOEH
FDQFHOHG
0HVVDJHVWH[WPHVVDJHVDQGH
PDLOV
,QIRUPDWLRQDQGUHTXLUHPHQWV
7KHIROORZLQJFRQGLWLRQVPXVWEHPHWLQRUGHU
WRXVHWKHPHVVDJHIXQFWLRQVWH[WPHVVDJHV
DQGHPDLOV
=)RUWH[WPHVVDJHVDQGHPDLOV
7KH%OXHWRRWKPRELOHSKRQHVXSSRUWVWKH
0$3%OXHWRRWKSURILOH0HVVDJH$FFHVV
3URILOH
=)RUHPDLOV
7KH%OXHWRRWKPRELOHSKRQH
VPDUWSKRQHVXSSRUWVWKHHPDLO
IXQFWLRQ
$QHPDLODFFRXQWLVVHWXSRQWKHPRELOH
SKRQHVHHWKHPRELOHSKRQHRSHUDWLQJ
LQVWUXFWLRQV
2QFHWKHPHVVDJHVKDYHEHHQGRZQORDGHG
IURPWKHSKRQH&20$1'VKRZVWKH
QHZHVWWH[WPHVVDJHVDQGWKHQHZHVWH
PDLOV
$Q\QHZPHVVDJHVUHFHLYHGGXULQJWKH
MRXUQH\DUHLQGLFDWHGE\&20$1'ZLWKDQ
DXGLEOHVLJQDODQGWKHV\PERO2QFH\RX
KDYHUHDGDOOWKHPHVVDJHVWKHV\PEROLVQR
ORQJHUGLVSOD\HG7KHgPDLOV\PEROLV
GLVSOD\HGLIWKHPRELOHSKRQHVPHVVDJH
PHPRU\LVIXOO7KHV\PEROGLVDSSHDUVRQFH
\RXGHOHWHDWOHDVWRQHPHVVDJH
G1RWDOOPRELOHSKRQHVDYDLODEOHRQWKH
PDUNHWDUHHTXDOO\VXLWDEOH<RXFDQREWDLQ
PRUHGHWDLOHGLQIRUPDWLRQDERXWVXLWDEOH
PRELOHSKRQHVRQWKH,QWHUQHWDW
KWWSZZZPEXVDPRELOHFRP2UFDOO
WKH0HUFHGHV%HQ]&XVWRPHU$VVLVWDQFH
&HQWHUDW
)250(5&HGHV
IRUWKH86$RU&XVWRPHU5HODWLRQVDW
IRU&DQDGD
 0HVVDJHVWH[WPHVVDJHVDQGHPDLOV
7HOHSKRQH
6HWWLQJVIRUUHFHLYLQJPHVVDJHV
&DOOLQJXSWKHVHWWLQJVPHQXIRU
PHVVDJHV
7RFDOOXSWKHWHOHSKRQHEDVLFPHQXSUHVV
WKH+EXWWRQRQFHRUUHSHDWHGO\
7RVZLWFKWRWKHPHQXEDUVOLGHWKH
FRQWUROOHU
7RVHOHFWWXUQDQGSUHVVWKH
FRQWUROOHU
7KHPHVVDJHPHQXDSSHDUV
6HOHFW6HWWLQJVDQGFRQILUP
7KHWH[WPHVVDJHRSWLRQDQGWKHDYDLODEOH
HPDLODFFRXQWVRIWKHFRQQHFWHGPRELOH
SKRQHZLOOEHGLVSOD\HG
G%HIRUH\RXFDQXVHWKHHPDLOIXQFWLRQRQ
&20$1'2QOLQH\RXPXVWILUVWVHWXSRQH
RUPRUHHPDLODFFRXQWVRQ\RXUPRELOH
SKRQHVPDUWSKRQHVHHWKHPRELOHSKRQH
RSHUDWLQJLQVWUXFWLRQV2QO\WKHQDUH\RX
DEOHWRVHOHFWWKHDFFRXQW\RXZLVKWRXVH
LQ&20$1'2QOLQH
6HWWLQJWH[WPHVVDJHUHFHSWLRQ
&DOOXSWKHVHWWLQJVPHQXIRUPHVVDJHV
7RVHOHFW606WXUQDQGSUHVVWKHFRQWUROOHU
$PHQXDSSHDUV
<RXKDYHWKHIROORZLQJRSWLRQV
=$OO0HVVDJHV
$OOPHVVDJHVDUHGRZQORDGHG
DXWRPDWLFDOO\
=1HZ0HVVDJHV
2QO\QHZPHVVDJHVUHFHLYHGE\WKHSKRQH
DUHGRZQORDGHGDXWRPDWLFDOO\
=8QOLW
7H[WPHVVDJHVDUHQRWGRZQORDGHG
DXWRPDWLFDOO\<RXFDQGRZQORDGWKH
QHZHVWWH[WPHVVDJHVIURPWKHSKRQH
PDQXDOO\XVLQJWKH'RZQORDGRSWLRQ
7RVHOHFWWKHUHTXLUHGRSWLRQWXUQDQG
SUHVVWKHFRQWUROOHU
6HWWLQJHPDLOUHFHSWLRQ
'HDFWLYDWLQJWKHHPDLOIXQFWLRQ
&DOOXSWKHVHWWLQJVPHQXIRUPHVVDJHV
7RVHOHFW(PDLO2IIWXUQDQGSUHVVWKH
FRQWUROOHU
(PDLOUHFHSWLRQLVGHDFWLYDWHG
6HOHFWLQJDQGVHWWLQJWKHHPDLODFFRXQW
7RVHOHFWWKHHPDLODFFRXQWWXUQDQGSUHVV
WKHFRQWUROOHU
$PHQXDSSHDUV
7RVHOHFW$XWRPDWLF'RZQORDGWXUQDQG
SUHVVWKHFRQWUROOHU
<RXKDYHWKHIROORZLQJRSWLRQV
=$OO0HVVDJHV
$OOPHVVDJHVDUHGRZQORDGHG
DXWRPDWLFDOO\
=1HZ0HVVDJHV
2QO\QHZPHVVDJHVUHFHLYHGE\WKHSKRQH
DUHGRZQORDGHGDXWRPDWLFDOO\
=8QOLW
(PDLOVDUHQRWGRZQORDGHGDXWRPDWLFDOO\
<RXFDQGRZQORDGWKHQHZHVWHPDLOV
LQWKHDFWLYHDFFRXQWPDQXDOO\XVLQJWKH
'RZQORDGRSWLRQ
(QWHULQJ\RXURZQHPDLODGGUHVV
7RVHOHFW0\(PDLO$GGUHVVWXUQDQG
SUHVVWKHFRQWUROOHU
7KHLQSXWPHQXIRUHQWHULQJ\RXURZQH
PDLODGGUHVVLVGLVSOD\HG
0HVVDJHVWH[WPHVVDJHVDQGHPDLOV 
7HOHSKRQH
'RZQORDGLQJPHVVDJHVPDQXDOO\
7RVHOHFW
'RZQORDG
LQWKHPHVVDJHPHQX
WXUQDQGSUHVVWKHFRQWUROOHU
'RZQORDGLQJWH[WPHVVDJHVDQGHPDLOVIURP
WKHSKRQH
6HOHFW
)URPSKRQH
7KHPHVVDJHVDUHGRZQORDGHG,I\RXKDYH
VHOHFWHG
$XWRPDWLF'RZQORDG
LQWKHH
PDLOVHWWLQJVPDQXDOGRZQORDGLQJLVQRW
SRVVLEOHDQG\RXUHFHLYHDPHVVDJHWRWKLV
HIIHFWSDJH
8SGDWHIURPWKHHPDLOVHUYHUE\WKHPRELOH
SKRQH
6HOHFW
)URP(PDLO6HUYHU
7KHHPDLOVLQWKHPRELOHSKRQHDUH
XSGDWHG
7KLVIXQFWLRQLVQRWVXSSRUWHGE\DOOPRELOH
SKRQHV
'LVSOD\LQJPHVVDJHV
1HZ0HVVDJHV
1HZPHVVDJHVDUHLQGLFDWHGE\DQDXGLEOH
VLJQDODQGE\LQWKHVWDWXVEDU
7RFDOOXSWKHWHOHSKRQHEDVLFPHQXSUHVV
WKH+EXWWRQRQFHRUUHSHDWHGO\
7RVZLWFKWRWKHPHQXEDUVOLGHWKH
FRQWUROOHU
7RVHOHFWWXUQDQGSUHVVWKH
FRQWUROOHU
<RXZLOOVHHDFDURXVHOYLHZZLWKWKHXQUHDG
PHVVDJHV
7RVHOHFWWKHPHVVDJHWXUQDQGSUHVVWKH
FRQWUROOHU
7KHPHVVDJHWH[WLVGLVSOD\HG
7RFORVHWKHPHVVDJHWH[WSUHVVWKH
8EXWWRQ
7KHPHVVDJHGLVDSSHDUVIURPWKHFDURXVHO
YLHZ
G7KHPHVVDJHVFDURXVHORQO\FRQWDLQVWKH
XQUHDGPHVVDJHVHPDLODQGWH[W
PHVVDJHVFRPELQHG%\FDOOLQJXSWKH
,QER[
IROGHU\RXFDQKDYHDOOLQFRPLQJ
PHVVDJHVGLVSOD\HGVHSDUDWHO\E\WH[W
PHVVDJHRUHPDLO
&DOOLQJXSWKHPHVVDJHVIROGHU
7RFDOOXSWKHWHOHSKRQHEDVLFPHQXSUHVV
WKH+EXWWRQRQFHRUUHSHDWHGO\
7RVZLWFKWRWKHPHQXEDUVOLGHWKH
FRQWUROOHU
7RVHOHFWWXUQDQGSUHVVWKH
FRQWUROOHU
7KHPHVVDJHPHQXDSSHDUV
7RVZLWFKWRWKHPHQXEDUVOLGHWKH
FRQWUROOHU
7RVHOHFW
)ROGHU
WXUQDQGSUHVVWKH
FRQWUROOHU
7RVHOHFWWKHUHTXLUHGIROGHUXQGHUWKHWLWOH
606
RU
(PDLO
WXUQDQGSUHVVWKH
FRQWUROOHU
7KHVHOHFWHGIROGHULVGLVSOD\HG
G7KHIROORZLQJIROGHUVFDQEHVHOHFWHG
=
,QER[
 0HVVDJHVWH[WPHVVDJHVDQGHPDLOV
7HOHSKRQH
7KLVIROGHUFRQWDLQVDOOWKHLQFRPLQJ
PHVVDJHV
=2XWER[
7KLVIROGHUFRQWDLQVDOOWKHRXWJRLQJ
PHVVDJHV
='UDIWV
7KLVIROGHUFRQWDLQVDOOWKHPHVVDJHVWKDW
\RXKDYHVDYHGDVDGUDIW
)ROGHUVFDQQRWEHVHOHFWHGLIWKH\DUH
HPSW\
5HDGLQJPHVVDJHV
&DOOXSWKHPHVVDJHIROGHUSDJH
7RVHOHFWWKHPHVVDJHIURPWKHOLVWWXUQ
DQGSUHVVWKHFRQWUROOHU
7KHPHVVDJHDSSHDUV
7RVFUROOWKURXJKWKHGLVSOD\RUVHOHFW
SKRQHQXPEHUVLQWKHWH[WWXUQWKH
&20$1'FRQWUROOHU
7KHGLVSOD\VFUROOVXSRUGRZQOLQHE\OLQH
RUVNLSVWRWKHQH[WRUSUHYLRXVWHOHSKRQH
QXPEHUDQGDXWRPDWLFDOO\KLJKOLJKWVLW
7RUHWXUQWRWKHOLVWSUHVV=
5HDGDORXGIXQFWLRQIRUPHVVDJHV
6HWWLQJVIRUWKHUHDGDORXGIXQFWLRQ
=/DQJXDJHSDJH
=6SHHGSDJH
7RVWDUWWKHUHDGDORXGIXQFWLRQSUHVVWKH
FRQWUROOHUZKHQWKHPHVVDJHLVGLVSOD\HG
7RVHOHFW5HDG$ORXGWXUQDQGSUHVVWKH
FRQWUROOHU
&20$1'UHDGVRXWWKHPHVVDJH
7RFDQFHOWKHUHDGDORXGIXQFWLRQSUHVV
WKHcEXWWRQ
RU
3UHVVWKHFRQWUROOHUVHOHFW&DQFHO5HDG
$ORXG)XQFWLRQDQGSUHVVWKHFRQWUROOHU
DJDLQ
'LVSOD\LQJGHWDLOVDQGSKRQHQXPEHUV
&20$1'FDQDOVRVKRZDVKRUWHQHGVHQGHU
GLVSOD\LQIXOO
&DOOXSWKHPHVVDJHIROGHUSDJH
7RVHOHFWWKHPHVVDJHWXUQWKHFRQWUROOHU
7RVHOHFWWKHOLVWV\PERORQWKHULJKWKDQG
VLGHQH[WWRWKHPHVVDJHVOLGHRDQG
SUHVVWKHFRQWUROOHU
7RVHOHFW'HWDLOVWXUQDQGSUHVVWKH
FRQWUROOHU
7KHGHWDLOHGYLHZDSSHDUV
7RFORVHWKHGHWDLOHGGLVSOD\VOLGHRWKH
FRQWUROOHU
7RUHWXUQWRWKHWHOHSKRQHEDVLFPHQX
SUHVVWKH=EXWWRQ
:ULWLQJPHVVDJHV
1HZPHVVDJH
7RFDOOXSWKHWHOHSKRQHEDVLFPHQXSUHVV
WKH+EXWWRQRQFHRUUHSHDWHGO\
7RVZLWFKWRWKHPHQXEDUVOLGHWKH
FRQWUROOHU
0HVVDJHVWH[WPHVVDJHVDQGHPDLOV 
7HOHSKRQH
7RVHOHFWWXUQDQGSUHVVWKH
FRQWUROOHU
7KHPHVVDJHPHQXDSSHDUV
7RVZLWFKWRWKHPHQXEDUVOLGHWKH
FRQWUROOHU
7RVHOHFW
1HZ
WXUQWKHFRQWUROOHUDQGSUHVV
WRFRQILUP
7RVHOHFW
606
RU
(PDLO
WXUQDQGSUHVVWKH
FRQWUROOHU
7KHLQSXWPHQXIRUDQHZWH[WPHVVDJHRU
DQHZHPDLODSSHDUV
(QWHULQJFKDUDFWHUVSDJH
2QFH\RXKDYHHQWHUHGDWOHDVWRQH
FKDUDFWHULQWRWKHDGGUHVVHHOLQH
7R

TLVDFWLYHLQWKHILUVWOLQHRIWKH
FKDUDFWHUEDU
G:KHQWKHFXUVRULVLQWKHDGGUHVVHHOLQH
\RXFDQFDOOXSWKHDGGUHVVERRNDQGVHOHFW
WKHDGGUHVVHH,I\RXDUHZULWLQJDWH[W
PHVVDJHWKHDGGUHVVERRNRQO\VKRZV
HQWULHVZKLFKKDYHDWOHDVWRQHSKRQH
QXPEHU,I\RXDUHZULWLQJDQHPDLORQO\
HQWULHVZLWKHPDLODGGUHVVHVDUH
GLVSOD\HG
,IUHTXLUHGVHOHFWWKHSHQV\PEROVOLGH
DQGWXUQWKHFRQWUROOHU
7RVZLWFKWRWKHDGGUHVVHHILHOGVOLGHR
WKHFRQWUROOHU
3UHVVWKHFRQWUROOHU
7KHDGGUHVVERRNRSHQV
7RVHOHFWWKHGHVLUHGQXPEHURUDGGUHVV
WXUQDQGSUHVVWKHFRQWUROOHU
7KHQXPEHURUDGGUHVVLVFRSLHGWRWKH
DGGUHVVHHOLQH
G&20$1'FRQWDLQVWHPSODWHVZKLFK\RX
FDQXVHWRFRPSLOH\RXUPHVVDJHV
&DOOLQJXSDWHPSODWH
7RVZLWFKWRWKHERWWRPOLQHRIWKH
FKDUDFWHUEDUVOLGHWKHFRQWUROOHU
7RVHOHFWWKHSHQLFRQWXUQDQGSUHVVWKH
FRQWUROOHU
7KHOLVWRIWHPSODWHVDSSHDUV
7RVHOHFWDWHPSODWHWXUQDQGSUHVVWKH
FRQWUROOHU
7KHWH[WRIWKHWHPSODWHDSSHDUVLQWKHWH[W
DUHDRIWKHLQSXWPHQX
6HQGLQJDPHVVDJH
7RVHOHFWTLQWKHILUVWOLQHRIWKH
FKDUDFWHUEDUWXUQDQGSUHVVWKH
FRQWUROOHU
7KHPHVVDJHLVVHQW,IWKHPHVVDJHKDV
EHHQVHQWVXFFHVVIXOO\WKHWHOHSKRQH
EDVLFPHQXDSSHDUV,IWKHPHVVDJHIDLOVWR
EHVHQWWKH
6HQGLQJ0HVVDJH)DLOHG
PHVVDJHLVGLVSOD\HGIROORZHGE\WKHLQSXW
PHQXDJDLQ
6DYLQJWKHPHVVDJHDVDGUDIW
3UHVVWKH8EXWWRQ
7KH
6DYHWKHPHVVDJHLQWKHGUDIWV
IROGHU"
SURPSWDSSHDUV
7RVHOHFW
<HV
RU
1R
WXUQWKHFRQWUROOHUDQG
SUHVVWRFRQILUP
,I\RXVHOHFW
<HV
WKHPHVVDJHLVVDYHG
,I\RXVHOHFW
1R
WKHPHVVDJHLVGHOHWHG
G1RWDOO0$3FDSDEOHPRELOHSKRQHV
VXSSRUWWKHVDYLQJRIPHVVDJHVWRWKH
GUDIWVIROGHURUWKHVHQGLQJRIPHVVDJHV
G<RXFDQDOVRVWDUWVHQGLQJDPHVVDJH
IURPDQDGGUHVVERRNHQWU\SDJH
'LVSOD\LQJDQGHGLWLQJDPHVVDJH
WHPSODWH
7RVZLWFKWRWKHFKDUDFWHUEDULQWKHWH[W
PHVVDJHRUHPDLOLQSXWPHQXVOLGH
WKHFRQWUROOHU
7RVHOHFWWKHSHQLFRQWXUQDQGSUHVVWKH
FRQWUROOHU
7KHOLVWRIWHPSODWHVDSSHDUV
 0HVVDJHVWH[WPHVVDJHVDQGHPDLOV
7HOHSKRQH
'LVSOD\LQJDWHPSODWH
7RVHOHFWWKHGHVLUHGWHPSODWHWXUQDQG
SUHVVWKHFRQWUROOHU
7RFDOOXSRSWLRQVVOLGHRWKHFRQWUROOHU
7RVHOHFW'HWDLOVWXUQDQGSUHVVWKH
FRQWUROOHU
7KHIXOOWH[WRIWKHWHPSODWHLVGLVSOD\HG
(GLWLQJDWHPSODWH
7RVHOHFWWKHWHPSODWHWXUQWKHFRQWUROOHU
7RFDOOXSRSWLRQVVOLGHRWKHFRQWUROOHU
7RVHOHFW(GLWWXUQDQGSUHVVWKH
FRQWUROOHU
7KH(GLWPHQXDSSHDUVZLWKWKHFKDUDFWHU
EDU
7RVDYHWKHWHPSODWHVHOHFWTLQWKH
FKDUDFWHUEDU
5HSO\LQJWRDPHVVDJH
'LVSOD\WKHPHVVDJHSDJH
3UHVVWKHFRQWUROOHU
$PHQXDSSHDUV
7RVHOHFW5HSO\WXUQDQGSUHVVWKH
FRQWUROOHU
7KHLQSXWPHQXDSSHDUV7KHDGGUHVVHHV
GHWDLOVDUHDXWRPDWLFDOO\ILOOHGLQXVLQJWKH
GHWDLOVLQWKHRULJLQDOPHVVDJH
)RUIXUWKHURSWLRQVVXFKDVVHQGLQJDQHZ
PHVVDJHVHHSDJH
G:KHQUHSO\LQJWRDQHPDLO\RXFDQDOVR
VHOHFW5HSO\$OOLQVWHDGRI5HSO\,QWKLV
FDVHWKHUHSO\LVVHQWQRWMXVWWRWKHVHQGHU
EXWWRDOOWKRVHZKRUHFHLYHGWKHRULJLQDO
PHVVDJH
)RUZDUGLQJPHVVDJHV
'LVSOD\WKHPHVVDJHSDJH
3UHVVWKHFRQWUROOHU
$PHQXDSSHDUV
7RVHOHFW)RUZDUGWXUQDQGSUHVVWKH
FRQWUROOHU
7KHLQSXWPHQXDSSHDUV7KHVXEMHFWOLQH
LVDXWRPDWLFDOO\ILOOHGLQZLWKWKHVDPH
GHWDLOVDVWKRVHLQWKHRULJLQDOPHVVDJH
)RUIXUWKHURSWLRQVVXFKDVVHQGLQJDQHZ
PHVVDJHVHHSDJH
0DQDJLQJPHVVDJHV
&DOOLQJDWH[WPHVVDJHVHQGHU
3UHVVWKHFRQWUROOHUZKLOHWKHWH[W
PHVVDJHLVEHLQJGLVSOD\HG
7RVHOHFW&DOO6HQGHUWXUQDQGSUHVVWKH
FRQWUROOHU
7KHWHOHSKRQHPDNHVWKHFDOOWRWKHVHQGHU
8VLQJSKRQHQXPEHUVLQWKHWH[W
1XPEHUVLQWH[WPHVVDJHVWKDWDUH
KLJKOLJKWHGFDQEHXVHG
7RVHOHFWDXVDEOHSKRQHQXPEHUZKLOHWKH
PHVVDJHLVGLVSOD\HGWXUQDQGSUHVVWKH
FRQWUROOHU
7RVHOHFW8VHWXUQDQGSUHVVWKHFRQWUROOHU
6HOHFW&DOO
7KHSKRQHPDNHVWKHFDOO
G,WLVSRVVLEOHWKDWDKLJKOLJKWHGQXPHULFDO
VHTXHQFHPD\QRWFRQWDLQDWHOHSKRQH
QXPEHU
G<RXFDQXVHWKH1HZHQWU\RU$GGQR
IXQFWLRQVWRVDYHWKLVWHOHSKRQHQXPEHURU
WRDGGLWWRDQH[LVWLQJHQWU\
0HVVDJHVWH[WPHVVDJHVDQGHPDLOV 
7HOHSKRQH
6WRULQJDVHQGHUDVDQHZHQWU\LQWKH
DGGUHVVERRN
3UHVVWKHFRQWUROOHUZKLOHWKHPHVVDJHLV
EHLQJGLVSOD\HG
7H[WPHVVDJHV
7RVHOHFW
6DYH1XPEHU
WXUQDQGSUHVVWKH
FRQWUROOHU
(PDLOV
7RVHOHFW
6DYHWKH6HQGHUV(PDLO
$GGUHVV
WXUQDQGSUHVVWKHFRQWUROOHU
7RVHOHFW
1HZ(QWU\
WXUQWKHFRQWUROOHU
DQGSUHVVWRFRQILUP
7H[WPHVVDJHVVDYHWKHWHOHSKRQH
QXPEHUSDJH
(PDLOVVDYHWKHHPDLODGGUHVV
SDJH
$GGLQJWKHVHQGHUWRDQDGGUHVVERRN
HQWU\
3UHVVWKHFRQWUROOHUZKLOHWKHPHVVDJH
LVEHLQJGLVSOD\HG
7H[WPHVVDJHV
7RVHOHFW
6DYH1XPEHU
WXUQDQGSUHVVWKH
FRQWUROOHU
(PDLOV
7RVHOHFW
6DYHWKH6HQGHUV(PDLO
$GGUHVV
WXUQDQGSUHVVWKHFRQWUROOHU
7RVHOHFW
$GG
WXUQDQGSUHVVWKHFRQWUROOHU
3URFHHGIURPWKHVWHS6HOHFWLQJD
FDWHJRU\SDJH
'HOHWLQJPHVVDJHV
&DOOXSWKHPHVVDJHIROGHUSDJH
7RVHOHFWWKHPHVVDJHWXUQDQGSUHVVWKH
FRQWUROOHU
7RVHOHFWWKHOLVWV\PERORQWKHULJKWKDQG
VLGHQH[WWRWKHPHVVDJHVOLGHRDQG
SUHVVWKHFRQWUROOHU
7RVHOHFW
'HOHWH
WXUQWKHFRQWUROOHUDQG
SUHVVWRFRQILUP
$GHOHWLRQSURPSWDSSHDUV
7RVHOHFW
<HV
RU
1R
WXUQWKHFRQWUROOHUDQG
SUHVVWRFRQILUP
,I\RXVHOHFW
<HV
WKHPHVVDJHLVGHOHWHG
,I\RXVHOHFW
1R
WKHSURFHVVZLOOEH
FDQFHOHG
G7KLVGHOHWHIXQFWLRQLVQRWVXSSRUWHGE\
DOOPRELOHSKRQHV7KH
'HOHWH)DLOHG
PHVVDJHDSSHDUV
8VLQJWKHDGGUHVVERRN
,QWURGXFWLRQ
$OZD\VSD\DWWHQWLRQWRWUDIILFFRQGLWLRQV
%HIRUHVWDUWLQJWKHMRXUQH\IDPLOLDUL]H
\RXUVHOIZLWKWKHDGGUHVVERRNIXQFWLRQV
2QO\XVH&20$1'ZKHQWKHURDGDQGWUDIILF
FRQGLWLRQVSHUPLW<RXFRXOGRWKHUZLVH
EHFRPHLQYROYHGLQDQDFFLGHQWLQZKLFK\RX
RURWKHUVFRXOGEHLQMXUHG
7KHDGGUHVVERRNRUJDQL]HVDQGVWRUHV
HQWULHVWKDWDUHHQWHUHGIURPGLIIHUHQW
VRXUFHVPRELOHSKRQHPHPRU\FDUG86%
GHYLFH&20$1'SKRQHERRNQDYLJDWLRQ
V\VWHP
<RXFDQXVHWKHVHHQWULHVWRPDNHWHOHSKRQH
FDOOVDQGIRUQDYLJDWLRQ
G1XPEHURIFRQWDFWVLQWKHDGGUHVV
ERRNWKHDGGUHVVERRNFDQVWRUHDWRWDORI
FRQWDFWV
2IWKHVH
=HQWULHVDUHUHVHUYHGIRU
SHUPDQHQWO\VDYHGFRQWDFWVDQG
=HQWULHVDUHUHVHUYHGIRUFRQWDFWV
WKDW\RXFDQORDGIURPWKHPRELOHSKRQH
G'LVSOD\RIPRELOHSKRQHFRQWDFWV
FRQWDFWVGRZQORDGHGIURPWKHPRELOH
SKRQHZLOOQRORQJHUEHGLVSOD\HGLQWKH
DGGUHVVERRNLI\RXGLVFRQQHFWWKHPRELOH
SKRQHIURP&20$1'7KHFRQWDFWGDWD
IURPWKHODVWWZRPRELOHSKRQHVFRQQHFWHG
 8VLQJWKHDGGUHVVERRN
7HOHSKRQH
LVNHSWLQDQLQWHUQDOWHPSRUDU\VWRUDJHDQG
LIWKHUHOHYDQWPRELOHSKRQHLVGHWHFWHGLWV
FRQWDFWVFDQEHGLVSOD\HGLPPHGLDWHO\
&20$1'GRZQORDGVWKHFRQWDFWVDJDLQ
DQGXSGDWHVWKHDGGUHVVERRN
DXWRPDWLFDOO\VRWKDWDQ\QHZFRQWDFWVWKDW
KDYHEHHQDGGHGWRWKHPRELOHSKRQHFDQ
EHGLVSOD\HG7KHSUHUHTXLVLWHIRUWKLVLV
WKDWDXWRPDWLFGRZQORDGLVDFWLYDWHG
SDJH
:KHQWKHPRELOHSKRQHLVUHPRYHGRQO\
WKHSKRQHERRNHQWULHVIURPWKHPRELOH
SKRQHDUHUHPRYHGIURPWKHDGGUHVVERRN
7KHUHPDLQLQJHQWULHVDUHUHWDLQHG)RUWKLV
UHDVRQGHOHWH\RXUSHUVRQDOGDWDXVLQJWKH
UHVHWIXQFWLRQEHIRUHVHOOLQJ\RXUYHKLFOH
IRUH[DPSOHSDJH
&DOOLQJXSWKHDGGUHVVERRN
8VLQJWKHWHOHSKRQHEXWWRQ
3UHVVWKH+EXWWRQRQHRUPRUHWLPHV
)URPWKHWHOHSKRQHEDVLFPHQX
7RVZLWFKWRPDLQIXQFWLRQEDUVOLGHR
WKHFRQWUROOHU
7RVHOHFW7HO§WXUQDQGSUHVVWKH
FRQWUROOHU
7RVHOHFW$GGUHVV%RRNIURPWKHFDURXVHO
WXUQWKHFRQWUROOHUDQGSUHVVWRFRQILUP
7REURZVHLQWKHDGGUHVVERRNWXUQWKH
FRQWUROOHU
7RMXPSWRDVSHFLILFOHWWHUSUHVVWKH
FRUUHVSRQGLQJEXWWRQRQWKHNH\SDGRQHRU
PRUHWLPHV
7RFORVHWKHDGGUHVVERRNSUHVVWKH
+EXWWRQ
G$QDGGUHVVERRNHQWU\FDQDOVRLQFOXGHD
SLFWXUHWKLVLVWKHQVKRZQWRWKHOHIWRIWKH
DGGUHVVGDWDLQWKHSDJHIUDPH7KHVH
DGGUHVVERRNHQWULHVFDQRQO\EH
WUDQVIHUUHGLQWRWKHDGGUHVVERRNE\
LPSRUWLQJYFIILOHVYLD6'FDUG86%
VWRUDJHGHYLFHRU%OXHWRRWKFRQQHFWLRQ
3LFWXUHVFDQQRWEHWUDQVIHUUHGZKHQ
GRZQORDGLQJIURPPRELOHSKRQHV
6HDUFKLQJIRUDQDGGUHVVERRNHQWU\
,QIRUPDWLRQDERXWWKHV\PEROVWRWKHOHIWRI
WKHOLVWHQWULHVFDQEHIRXQGLQWKHV\PERO
RYHUYLHZSDJH
&DOOXSWKHDGGUHVVERRNSDJH
7RVZLWFKWRWKHPHQXEDUVOLGHWKH
FRQWUROOHU
7RVHOHFW6HDUFKWXUQWKHFRQWUROOHUDQG
SUHVVWRFRQILUP
7KHDGGUHVVOLVWZLWKFKDUDFWHUEDU
DSSHDUV
)LQGDQHQWU\SDJH
8VLQJWKHDGGUHVVERRN 
7HOHSKRQH
&UHDWLQJDQHZHQWU\LQWKHDGGUHVV
ERRN
<RXFDQHQWHUDGGUHVVGDWDGLUHFWO\LQWRWKH
DGGUHVVERRN,I\RXVWRUHWHOHSKRQH
QXPEHUVLQWKH&20$1'SKRQHERRNWKHVH
DUHDOVRVDYHGLQWKHDGGUHVVERRN,I\RX
VWRUHDQDYLJDWLRQGHVWLQDWLRQ&20$1'
FUHDWHVDQDGGUHVVERRNHQWU\ZKLFKLQFOXGHV
WKHFRPSOHWHQDYLJDEOHDGGUHVVGDWD
&DOOXSWKHDGGUHVVERRNSDJH
7RVZLWFKWRWKHPHQXEDUVOLGHRdWKH
FRQWUROOHU
7RVHOHFW
1HZ
WXUQWKHFRQWUROOHUDQGSUHVV
WRFRQILUP
$QLQSXWPHQXIRUVXUQDPHDQGILUVWQDPH
DSSHDUV
,QSXWPHQXZLWKGDWDILHOGV
C6HOHFWHGGDWDILHOGZLWKFXUVRU
D&KDUDFWHUEDU
(QWHUFKDUDFWHUVDQGVDYHWKHHQWU\
SDJH
'HOHWLQJDQDGGUHVVERRNHQWU\
6HDUFKIRUWKHDGGUHVVERRNHQWU\
SDJH
7RVHOHFWWKHOLVWV\PEROWRWKHULJKWRIWKH
HQWU\VOLGHRWKHFRQWUROOHUDQGSUHVVWR
FRQILUP
7RVHOHFW
'HOHWH
WXUQWKHFRQWUROOHUDQG
SUHVVWRFRQILUP
$SURPSWDSSHDUV
7RVHOHFW
<HV
RU
1R
WXUQWKHFRQWUROOHUDQG
SUHVVWRFRQILUP
,I\RXVHOHFW
<HV
WKHHQWU\ZLOOEHGHOHWHG
,I\RXVHOHFW
1R
WKHSURFHVVZLOOEH
FDQFHOHG
'LVSOD\LQJWKHGHWDLOHGYLHZIRUDQ
DGGUHVVERRNHQWU\
6HOHFWLQJDQHQWU\
G$QDGGUHVVERRNHQWU\FDQFRQWDLQWKH
IROORZLQJLQIRUPDWLRQ
=QDPH
=ILUVWQDPH
=FRPSDQ\
=XSWRILYHWHOHSKRQHQXPEHUV
=WZRHPDLODGGUHVVHV
=,QWHUQHWDGGUHVV
=WZRDGGUHVVHV
=WZRQDYLJDWLRQDGGUHVVHVWUDQVIHUUHG
IURPQDYLJDWLRQSDJH
=JHRFRRUGLQDWHV
'HWDLOHGGLVSOD\RIDGGUHVVERRN
C7RUHWXUQWRWKHSUHYLRXVPHQX
D/LVWV\PEROWRFDOOXSRSWLRQV
&DOOXSWKHDGGUHVVERRNSDJH
6HOHFWDQHQWU\WXUQDQGSUHVVWKH
FRQWUROOHU
7KHDGGUHVVERRNHQWU\ZLWKDOOGDWDILHOGV
DSSHDUV
 8VLQJWKHDGGUHVVERRN
7HOHSKRQH
7KHGDWDILHOGVFDQEHFDWHJRUL]HGDVIROORZV
§%XVLQHVVGHWDLOV
+RPHGHWDLOV
$GGLQJLQIRUPDWLRQWRDQDGGUHVVERRN
HQWU\
7RVHOHFWWKHUHTXLUHGGDWDILHOGHJ
HPDLOWXUQWKHFRQWUROOHU
7RVHOHFWWKH$GGEDUH[DPSOH$GG(
PDLO$GGUHVVWXUQWKHFRQWUROOHUDQG
SUHVVWRFRQILUP
'HSHQGLQJRQWKHW\SHRIGDWDILHOGWKH
FRUUHVSRQGLQJLQSXWPHQXDSSHDUV
(QWHUFKDUDFWHUVDQGVDYHWKHHQWU\
SDJH
6WDUWLQJURXWHJXLGDQFHWRDQDGGUHVV
7RVHOHFWWKHDGGUHVVGDWDILHOGWXUQWKH
FRQWUROOHUDQGSUHVVWRFRQILUP
7KHURXWHWRWKHGHVWLQDWLRQDGGUHVVLV
FDOFXODWHGDQGURXWHJXLGDQFHVWDUWV
&DOOLQJDWHOHSKRQHQXPEHU
7RVHOHFWWKHWHOHSKRQHQXPEHUGDWDILHOG
WXUQWKHFRQWUROOHUDQGSUHVVWRFRQILUP
7KLVLQLWLDWHVGLDOLQJDQG\RXFDQWKHQPDNH
\RXUFDOOSDJH
6HQGLQJWH[WPHVVDJHV
7RVHOHFWDWHOHSKRQHQXPEHUWXUQWKH
FRQWUROOHU
7RVHOHFWWKHOLVWV\PEROWRWKHULJKWRIWKH
GDWDILHOGVOLGHRWKHFRQWUROOHUDQG
SUHVVWRFRQILUP
7RVHOHFW6HQG7H[W0HVVDJHWXUQWKH
FRQWUROOHUDQGSUHVVWRFRQILUP
7KHWH[WPHVVDJHLQSXWPHQXDSSHDUV
SDJH
6HQGLQJHPDLO
7RVHOHFWWKHHPDLODGGUHVVWXUQWKH
FRQWUROOHU
7RVHOHFWWKHOLVWV\PEROWRWKHULJKWRIWKH
GDWDILHOGVOLGHRWKHFRQWUROOHUDQG
SUHVVWRFRQILUP
7RVHOHFW6HQG(PDLOWXUQWKHFRQWUROOHU
DQGSUHVVWRFRQILUP
7KHHPDLOLQSXWPHQXDSSHDUV
SDJH
'LVSOD\LQJVXEHQWU\LQIRUPDWLRQ
7RVHOHFWWKHGHVLUHGGDWDILHOGWXUQWKH
FRQWUROOHU
7RVHOHFWWKHOLVWV\PEROWRWKHULJKWRIWKH
GDWDILHOGVOLGHRWKHFRQWUROOHUDQG
SUHVVWRFRQILUP
7RVHOHFW'HWDLOVWXUQDQGSUHVVWKH
FRQWUROOHU
7KHGLVSOD\LVVKRZQLQIXOO
7RFORVHWKHGHWDLOHGGLVSOD\SUHVVWKH
8EXWWRQ
&KDQJLQJDQDGGUHVVERRNHQWU\
7RVHOHFWWKHGHVLUHGGDWDILHOGWXUQWKH
FRQWUROOHU
7RVHOHFWWKHOLVWV\PEROWRWKHULJKWRIWKH
GDWDILHOGVOLGHRWKHFRQWUROOHUDQG
SUHVVWRFRQILUP
7RVHOHFW(GLWVOLGHWKHFRQWUROOHUDQG
SUHVVWRFRQILUP
7KHLQSXWVFUHHQIRUWKHVHOHFWHGGDWDILHOG
DSSHDUV
,QIRUPDWLRQDERXWFKDUDFWHUHQWU\
SDJH
&KDQJLQJWKHFDWHJRU\RIDGDWDILHOG
7RVHOHFWWKHGHVLUHGGDWDILHOGWXUQWKH
FRQWUROOHU
7RVHOHFWWKHOLVWV\PEROWRWKHULJKWRIWKH
GDWDILHOGVOLGHRWKHFRQWUROOHUDQG
SUHVVWRFRQILUP
8VLQJWKHDGGUHVVERRN 
7HOHSKRQH
7RVHOHFW
&KDQJH&DWHJRU\
WXUQWKH
FRQWUROOHUDQGSUHVVWRFRQILUP
7RVHOHFWDFDWHJRU\WXUQWKHFRQWUROOHUDQG
SUHVVWRFRQILUP
6WRULQJWKHSKRQHQXPEHUDVDVSHHG
GLDOQXPEHU
&DOOXSWKHDGGUHVVERRNSDJH
6HOHFWDQHQWU\WXUQDQGSUHVVWKH
FRQWUROOHU
7KHDGGUHVVERRNHQWU\ZLWKDOOGDWDILHOGV
DSSHDUV
7RVHOHFWWKHGHVLUHGWHOHSKRQHQXPEHU
GDWDILHOGWXUQWKHFRQWUROOHU
7RVHOHFWWKHOLVWV\PEROWRWKHULJKWRIWKH
GDWDILHOGVOLGHRWKHFRQWUROOHUDQG
SUHVVWRFRQILUP
7RVHOHFW
6SHHG'LDO
WXUQWKHFRQWUROOHU
DQGSUHVVWRFRQILUP
<RXFDQQRZVWRUHWKHQXPEHULQRQHRIWKH
WHQVSHHGGLDOSUHVHWVSDJH
$VVLJQLQJDQDGGUHVVERRNHQWU\WRD
IDYRULWHVEXWWRQ
<RXFDQDVVLJQDQDGGUHVVERRNHQWU\WRD
IDYRULWHVEXWWRQ
6HOHFWDQHQWU\WXUQDQGSUHVVWKH
FRQWUROOHU
7RVHOHFWWKHGHVLUHGGDWDILHOGSKRQH
QXPEHUDGGUHVVRUHPDLODGGUHVVWXUQ
WKHFRQWUROOHU
3UHVVWKHIDYRULWHVEXWWRQRQWKHNH\SDG
3UHVVRQHRIWKHQXPEHUNH\VIRUDWOHDVW
VHFRQGV
'HSHQGLQJRQWKHW\SHRIHQWU\VHOHFWHG
\RXFDQQRZXVHWKHIDYRULWHVEXWWRQWR
PDNHDFDOOVWDUWURXWHJXLGDQFHRUZULWH
DQHPDLO)RUPRUHLQIRUPDWLRQDERXW
IDYRULWHVEXWWRQVHHSDJH
6WDUWLQJURXWHJXLGDQFHWRDQHQWU\
7KLVIXQFWLRQLVDYDLODEOHDVVRRQDV\RXKDYH
VWRUHGDGHVWLQDWLRQLQWKHGHVWLQDWLRQ
PHPRU\SDJH
&DOOXSWKHDGGUHVVERRNSDJH
7RVHOHFWDQHQWU\ZLWKWKHHV\PEROWXUQ
WKHFRQWUROOHUDQGSUHVVWRFRQILUP
7KHDGGUHVVERRNHQWU\ZLWKDOOGDWDILHOGV
DSSHDUV
7RVHOHFWWKHGHVLUHGDGGUHVVGDWDILHOG
WXUQWKHFRQWUROOHU
7RVHOHFWWKHOLVWV\PEROWRWKHULJKWRIWKH
GDWDILHOGVOLGHRWKHFRQWUROOHUDQG
SUHVVWRFRQILUP
7RVHOHFW
1DYLJDWH
WXUQWKHFRQWUROOHUDQG
SUHVVWRFRQILUP
5RXWHJXLGDQFHEHJLQV
G5RXWHJXLGDQFHFDQDOVREHVWDUWHGIRUDQ
DGGUHVVERRNHQWU\ZLWKRXWWKHHV\PERO
,IWKHDGGUHVVGDWDRUGHVLJQDWLRQVGRQRW
PDWFKWKHGLJLWDOPDS&20$1'SURPSWV
\RXWRUHHQWHUWKHDGGUHVV
9RLFHWDJV
,QWURGXFWLRQ
<RXFDQHQWHUYRLFHWDJVYLDWKH9RLFH&RQWURO
6\VWHPVHHWKHVHSDUDWHRSHUDWLQJ
LQVWUXFWLRQV2QFH\RXKDYHDVVLJQHGDYRLFH
WDJWRDQDGGUHVVERRNHQWU\\RXFDQFDOOXS
WKLVHQWU\ZLWKDYRLFHFRPPDQGDQGGLDOD
SKRQHQXPEHUIRUH[DPSOH<RXFDQDGGRQH
YRLFHWDJSHUDGGUHVVERRNHQWU\
$GGLQJRUFKDQJLQJDYRLFHWDJ
6HDUFKIRUDQDGGUHVVERRNHQWU\ZLWKRU
ZLWKRXWDYRLFHWDJäSDJH
7RVHOHFWWKHOLVWV\PEROWRWKHULJKWRIWKH
HQWU\VOLGHRWKHFRQWUROOHUDQGSUHVVWR
FRQILUP
 8VLQJWKHDGGUHVVERRN
7HOHSKRQH
7RVHOHFW9RLFH7DJWXUQWKHFRQWUROOHU
DQGSUHVVWRFRQILUP
7RVHOHFW$GGRU&KDQJHWXUQWKHFRQWUROOHU
DQGSUHVVWRFRQILUP
6XEVHTXHQWRSHUDWLRQLVYRLFHFRQWUROOHG
7KH9RLFH&RQWURO6\VWHPJXLGHV\RX
WKURXJKWKHGLDORJV
'HOHWLQJDYRLFHWDJ
6HDUFKIRUDQDGGUHVVERRNHQWU\ZLWKD
YRLFHWDJSDJH
7RVHOHFWWKHOLVWV\PEROWRWKHULJKWRIWKH
HQWU\VOLGHRWKHFRQWUROOHUDQGSUHVVWR
FRQILUP
7RVHOHFW9RLFH7DJWXUQWKHFRQWUROOHU
DQGSUHVVWRFRQILUP
7RVHOHFW'HOHWHWXUQWKHFRQWUROOHUDQG
SUHVVWRFRQILUP
$GHOHWLRQSURPSWDSSHDUV
7RVHOHFW<HVRU1RWXUQWKHFRQWUROOHUDQG
SUHVVWRFRQILUP
,I\RXVHOHFW<HV&20$1'GHOHWHVWKH
YRLFHWDJ
,I\RXVHOHFW1RWKHSURFHVVZLOOEH
FDQFHOHG
/LVWHQLQJWRDYRLFHWDJ
6HDUFKIRUDQDGGUHVVERRNHQWU\ZLWKD
YRLFHWDJSDJH
7RVHOHFWWKHOLVWV\PEROWRWKHULJKWRIWKH
HQWU\VOLGHRWKHFRQWUROOHUDQGSUHVVWR
FRQILUP
7RVHOHFW9RLFH7DJWXUQWKHFRQWUROOHU
DQGSUHVVWRFRQILUP
7RVHOHFW9RLFH7DJWXUQWKHFRQWUROOHU
DQGSUHVVWRFRQILUP
6HOHFW/LVWHQDQGSUHVVWRFRQILUP
<RXKHDUWKHYRLFHWDJ
,PSRUWLQJSKRQHERRNHQWULHV
7KLVIXQFWLRQDOORZV\RXWRVWRUHSKRQHERRN
HQWULHVIURPWKHPRELOHSKRQHLQWKHDGGUHVV
ERRN
7KHIROORZLQJFDQEHXVHGDVDVRXUFH
=WKHPRELOHSKRQH
=WKHPHPRU\FDUG
=WKH86%GHYLFH
=WKH%OXHWRRWK,QWHUIDFH
,PSRUWHGSKRQHERRNHQWULHVDUHLQGLFDWHGLQ
WKHSKRQHERRNE\GLIIHUHQWV\PEROV
SDJH
6HDUFKIRUDQHQWU\LQWKHSKRQHERRNRQ
WKHPRELOHSKRQH4SDJH
7RVHOHFWWKHOLVWV\PEROWRWKHULJKWRIWKH
HQWU\VOLGHRWKHFRQWUROOHUDQGSUHVVWR
FRQILUP
6HOHFW'R\RXZDQWWRVDYHWKH
HQWU\"DQGSUHVVWRFRQILUP
7KH'DWD6DYHGPHVVDJHDSSHDUV7KH
SKRQHERRNHQWU\LVQRZVDYHGDVDQ
DGGUHVVERRNHQWU\
7KH4V\PEROLVUHSODFHGE\WKH
V\PERO
=&RQWDFWVPDUNHGZLWKWKHV\PERODUH
DFFHVVLEOHWRDOO&20$1'XVHUV
UHJDUGOHVVRIWKHPRELOHSKRQH
FRQQHFWHG
=6DYLQJRUHGLWLQJWKHFRQWDFWGDWDRQ
&20$1'GRHVQRWFKDQJHWKHFRQWDFWV
RQWKHPRELOHSKRQH,IWKHDXWRPDWLF
GRZQORDGLQJRIPRELOHSKRQHFRQWDFWVLV
DFWLYDWHG&20$1'WKHUHIRUHVKRZVD
FRS\ZLWKFKDQJHGGDWDEHVLGHWKH
RULJLQDOPRELOHSKRQHFRQWDFW7RDGG
DGGLWLRQDOGDWDVXFKDVDGGLWLRQDOSKRQH
QXPEHUVRUHPDLODGGUHVVHVVHOHFWWKLV
FRQWDFW,QWKLVZD\\RXDYRLGFUHDWLQJ
DGGLWLRQDOFRSLHVRIWKHPRELOHSKRQH
HQWU\
8VLQJWKHDGGUHVVERRN 
7HOHSKRQH
,PSRUWLQJFRQWDFWV
,QIRUPDWLRQDQGUHTXLUHPHQWV
<RXFDQLPSRUWFRQWDFWVY&DUGVIURPWKH
PHPRU\FDUGDQGD86%GHYLFHLQWRWKH
DGGUHVVERRNRUUHFHLYHY&DUGVYLD
%OXHWRRWK
G8SWRHQWULHVFDQEHLPSRUWHGLQWR
WKHDGGUHVVERRN$PHVVDJHQRWLILHV\RX
ZKHQWKHPD[LPXPQXPEHULVUHDFKHG
<RXWKHQKDYHWRGHOHWHH[LVWLQJHQWULHVLQ
RUGHUWRLPSRUWQHZHQWULHVSDJH
'HSHQGLQJRQWKHVRXUFHRIWKHFRQWDFWGDWD
GLIIHUHQWUHTXLUHPHQWVDSSO\
6RXUFH 3UHUHTXLVLWHV
0HPRU\FDUG 7KH6'PHPRU\FDUGLV
LQVHUWHG,WFRQWDLQV
LPSRUWDEOHFRQWDFWGHWDLOV
86%GHYLFH 7KH86%GHYLFHLVLQVHUWHG
LQWRWKH86%SRUW,W
FRQWDLQVLPSRUWDEOH
FRQWDFWGHWDLOV
5HTXLUHPHQWVIRUUHFHLYLQJY&DUGVYLD
%OXHWRRWK
<RXFDQUHFHLYHY&DUGVIURPGHYLFHVHJ
IURPD3&WKDWVXSSRUWWKHVHQGLQJRIY&DUGV
YLD%OXHWRRWK
,WLVQRWQHFHVVDU\WRDXWKRUL]HWKHGHYLFHLQ
&20$1'WRGRVR
3OHDVHEHDUWKHIROORZLQJLQPLQG
=%OXHWRRWKPXVWEHDFWLYDWHGLQ&20$1'
DQGRQWKH%OXHWRRWKGHYLFHVHHWKH
RSHUDWLQJLQVWUXFWLRQVIRUWKHGHYLFH
=WKH%OXHWRRWKGHYLFHPXVWEHDEOHWRVHQG
Y&DUGVYLD%OXHWRRWKVHHRSHUDWLQJ
LQVWUXFWLRQVIRUWKHGHYLFH
=WKH%OXHWRRWKGHYLFHLQWKHYHKLFOHPXVW
EHVZLWFKHGRQ
,PSRUWLQJIURPWKHPHPRU\FDUGRU86%
GHYLFH
(QWULHVLPSRUWHGIURPWKHPHPRU\FDUGRU
IURPD86%GHYLFHKDYHWKH»V\PERO
7KHIROORZLQJFRQGLWLRQVPXVWEHIXOILOOHGLQ
RUGHUWRLPSRUWY&DUGV
=Y&DUGVYFIILOHVPD\EHORFDWHGLQWKHPDLQ
GLUHFWRU\RULQIROGHUV&20$1'DOORZV\RX
WRVHOHFWWKHUHOHYDQWIROGHUVGLUHFWO\
=Y&DUGVPXVWKDYHWKHILOHH[WHQVLRQYFI
G2QHYFIILOHPD\FRQWDLQVHYHUDOY&DUGV
&20$1'VXSSRUWVY&DUGVLQYHUVLRQV
DQG
7RFKDQJHWRWKHPHQXEDUZKHQLQWKH
DGGUHVVERRNRUWKHWHOHSKRQHEDVLFPHQX
VOLGHRdWKHFRQWUROOHU
7RVHOHFW
2SWLRQV
WXUQDQGSUHVVWKH
FRQWUROOHU
7RVHOHFW
,PSRUW&RQWDFWV
WXUQWKH
FRQWUROOHUDQGSUHVVWRFRQILUP
$PHQXDSSHDUV
7RVHOHFW
)URP0HPRU\&DUG
RU
)URP86%
'HYLFH
LQWKHPHQXWXUQWKHFRQWUROOHUDQG
SUHVVWRFRQILUP
5HFHLYLQJY&DUGVYLD%OXHWRRWK
7RFKDQJHWRWKHPHQXEDUZKHQLQWKH
DGGUHVVERRNRUWKHWHOHSKRQHEDVLFPHQX
VOLGHRdWKHFRQWUROOHU
7RVHOHFW
2SWLRQV
WXUQDQGSUHVVWKH
FRQWUROOHU
7RVHOHFW
,PSRUW&RQWDFWV
WXUQWKH
FRQWUROOHUDQGSUHVVWRFRQILUP
$PHQXDSSHDUV
7RVHOHFW
)URP%OXHWRRWK'HYLFH
WXUQ
WKHFRQWUROOHUDQGSUHVVWRFRQILUP
7KLVLQWHUUXSWVWKH%OXHWRRWKFRQQHFWLRQ
EHWZHHQ&20$1'DQG\RXUDFWLYHPRELOH
SKRQH&20$1'LVKRZHYHUUHDG\WR
UHFHLYHY&DUGVIURPDQRWKHU%OXHWRRWK
GHYLFH3&PRELOHSKRQH
 8VLQJWKHDGGUHVVERRN
7HOHSKRQH
6WDUWWKHGDWDWUDQVIHURQWKHH[WHUQDO
%OXHWRRWKGHYLFHVHHWKHRSHUDWLQJ
LQVWUXFWLRQVIRUWKHGHYLFH
7KHQXPEHURIY&DUGVUHFHLYHGLV
GLVSOD\HG
7RHQGUHFHSWLRQSUHVVWKHFRQWUROOHURU
WKH8EXWWRQ
&20$1'WKHQUHFRQQHFWVWRWKHPRELOH
SKRQH
5HFHLYHGY&DUGVDUHLGHQWLILHGE\WKHº
V\PEROLQWKHDGGUHVVERRN
G,I\RXVZLWFKWRDQRWKHUPDLQIXQFWLRQ
HJQDYLJDWLRQZKLOHUHFHLYLQJY&DUGVWKH
UHFHSWLRQRIY&DUGVZLOOEHWHUPLQDWHG
'HOHWLQJFRQWDFWV
7RFKDQJHWRWKHPHQXEDUZKHQLQWKH
DGGUHVVERRNRUWKHEDVLFWHOHSKRQHPHQX
VOLGHRdWKHFRQWUROOHU
7RVHOHFW2SWLRQVWXUQDQGSUHVVWKH
FRQWUROOHU
7RVHOHFW'HOHWH&RQWDFWVWXUQWKH
FRQWUROOHUDQGSUHVVWRFRQILUP
6HOHFWRQHRIWKHIROORZLQJRSWLRQV
=,QWHUQDO&RQWDFWV
=,PSRUWHG)URP6WRUDJH'HYLFHV
=,PSRUWHGYLD%OXHWRRWKGHYLFHV
='RZQORDGHG)URP3KRQH
7XUQDQGSUHVVWKHFRQWUROOHU
$SURPSWFRUUHVSRQGLQJWR\RXUVHOHFWLRQ
DSSHDUV
7RVHOHFW<HVRU1RWXUQWKHFRQWUROOHUDQG
SUHVVWRFRQILUP
,I\RXVHOHFW<HVWKHFRQWDFWVDUHGHOHWHG
DFFRUGLQJWR\RXUVHOHFWLRQ
,I\RXVHOHFW1RWKHSURFHVVZLOOEH
FDQFHOHG
6ZLWFKLQJLPSRUWLQJRIFRQWDFWVRQRII
<RXFDQFKRRVHZKHWKHUFRQWDFWVDUH
DXWRPDWLFDOO\GRZQORDGHGZKHQDPRELOH
SKRQHLVFRQQHFWHGWR&20$1'RUZKHWKHU
WKHDXWRPDWLFGRZQORDGLVVXSSUHVVHG
&RQQHFWLQJDPRELOHSKRQHSDJH
7RVZLWFKWRWKHPHQXEDULQWKHEDVLF
DGGUHVVPHQXVOLGHRdWKHFRQWUROOHU
7RVHOHFW2SWLRQVWXUQDQGSUHVVWKH
FRQWUROOHU
$PHQXDSSHDUV
7RVHOHFW$XWRP'RZQORDG&RQWDFWV
IURP3KRQHWXUQWKHFRQWUROOHUDQGSUHVV
WRFRQILUP
<RXFDQDOORZsRUVXSSUHVVSWKH
DXWRPDWLFGRZQORDG
3URFHHGDVIROORZVLI\RXGRQRWZDQWWRVDYH
VHQVLWLYHFRQWDFWVLQWKHDGGUHVVERRN
&RQQHFWWKHPRELOHSKRQHWR&20$1'
&RQWDFWVDUHDXWRPDWLFDOO\GRZQORDGHGWR
WKHDGGUHVVERRN
'HDFWLYDWHWKH$XWRP'RZQORDG
&RQWDFWVIURP3KRQHIXQFWLRQS
7KHQH[WWLPH\RXFRQQHFW\RXUPRELOH
SKRQHWR&20$1'QRPRUHFRQWDFWVZLOO
EHGRZQORDGHGQRWHYHQQHZO\DGGHG
FRQWDFWV
'HOHWHVHQVLWLYHFRQWDFWVLQWKHDGGUHVV
ERRN
&KDQJLQJWKHGLVSOD\DQGVHTXHQFH
<RXFDQFKDQJHWKHVHTXHQFHRIWKHFRQWDFWV
GLVSOD\HG
8VLQJWKHDGGUHVVERRN 
7HOHSKRQH
7RVZLWFKWRWKHPHQXEDULQWKHEDVLF
DGGUHVVPHQXVOLGHRdWKHFRQWUROOHU
7RVHOHFW
2SWLRQV
WXUQDQGSUHVVWKH
FRQWUROOHU
$PHQXDSSHDUV
7RVHOHFW
'LVSOD\DQG6RUWLQJ
WXUQDQG
SUHVVWKHFRQWUROOHU
<RXKDYHWKHIROORZLQJRSWLRQV
=
6XUQDPH)LUVW1DPH
GHIDXOWVHWWLQJ
7KHDGGUHVVERRNHQWULHVDUHVRUWHGE\
VXUQDPHDQGGLVSOD\HGZLWKDFRPPD
=
6XUQDPH)LUVW1DPH
7KHDGGUHVVERRNHQWULHVDUHVRUWHGE\
VXUQDPHDQGGLVSOD\HGZLWKRXWDFRPPD
=
)LUVW1DPH6XUQDPH
7KHDGGUHVVERRNHQWULHVDUHVRUWHGE\ILUVW
QDPHDQGGLVSOD\HGZLWKRXWDFRPPD
7RVHOHFWWKHUHTXLUHGRSWLRQWXUQDQG
SUHVVWKHFRQWUROOHU
7KHQDPHVHTXHQFHDQGGLVSOD\FKDQJH
DFFRUGLQJWRWKHVHOHFWLRQ
 8VLQJWKHDGGUHVVERRN
7HOHSKRQH
<RXU&20$1'HTXLSPHQW 
*HQHUDOQRWHV 
(VWDEOLVKLQJHQGLQJWKHFRQQHFWLRQ 
*RRJOHORFDOVHDUFK 
'HVWLQDWLRQURXWHGRZQORDG 
2SWLRQV 
0HUFHGHV%HQ]$SSV 
,QWHUQHWUDGLR 
,QWHUQHW 

2QOLQHDQG,QWHUQHW
<RXU&20$1'HTXLSPHQW
7KHVHRSHUDWLQJLQVWUXFWLRQVGHVFULEHDOO
VWDQGDUGDQGRSWLRQDOHTXLSPHQWDYDLODEOH
IRU\RXU&20$1'V\VWHPDWWKHWLPHRI
SXUFKDVH&RXQWU\VSHFLILFGLIIHUHQFHVDUH
SRVVLEOH3OHDVHQRWHWKDW\RXU
&20$1'V\VWHPPD\QRWEHHTXLSSHGZLWK
DOOWKHIHDWXUHVGHVFULEHG7KLVDOVRDSSOLHVWR
VDIHW\UHOHYDQWV\VWHPVDQGIXQFWLRQV
7KHUHIRUHWKHHTXLSPHQWRQ\RXU&20$1'
V\VWHPPD\GLIIHUIURPWKDWLQWKH
GHVFULSWLRQVDQGLOOXVWUDWLRQV6KRXOG\RX
KDYHDQ\TXHVWLRQVFRQFHUQLQJHTXLSPHQW
DQGRSHUDWLRQSOHDVHFRQVXOWDQDXWKRUL]HG
0HUFHGHV%HQ]&HQWHU
*HQHUDOQRWHV
&RQGLWLRQVIRUDFFHVV
:$51,1*
,I\RXRSHUDWHLQIRUPDWLRQV\VWHPVDQG
FRPPXQLFDWLRQHTXLSPHQWLQWHJUDWHGLQWKH
YHKLFOHZKLOHGULYLQJ\RXZLOOEHGLVWUDFWHG
IURPWUDIILFFRQGLWLRQV<RXFRXOGDOVRORVH
FRQWURORIWKHYHKLFOH7KHUHLVDULVNRIDQ
DFFLGHQW
2QO\RSHUDWHWKHHTXLSPHQWZKHQWKHWUDIILF
VLWXDWLRQSHUPLWV,I\RXDUHQRWVXUHWKDWWKLV
LVSRVVLEOHSDUNWKHYHKLFOHSD\LQJDWWHQWLRQ
WRWUDIILFFRQGLWLRQVDQGRSHUDWHWKH
HTXLSPHQWZKHQWKHYHKLFOHLVVWDWLRQDU\
<RXPXVWREVHUYHWKHOHJDOUHTXLUHPHQWVIRU
WKHFRXQWU\LQZKLFK\RXDUHFXUUHQWO\GULYLQJ
ZKHQRSHUDWLQJ&20$1'
7KH&20$1'2QOLQH0HUFHGHV%HQ]$SSV
DQG,QWHUQHWDFFHVVDUHDYDLODEOHYLDWKH
%OXHWRRWKLQWHUIDFHWKH86%LQWHUIDFHRUYLD
WKHGDWDHQDEOHGWHOHSKRQHPRGXOHZLWK
%OXHWRRWK6$3SURILOH
,QRUGHUWRXVHWKHIXQFWLRQVWKHIROORZLQJ
FRQGLWLRQVDUHQHFHVVDU\
=7KHPRELOHSKRQHVXSSRUWVDWOHDVWRQHRI
WKH%OXHWRRWKSURILOHV'81'LDO8S
1HWZRUNLQJRU3$13HUVRQDO$UHD
1HWZRUNDQGLVFRQQHFWHGWR&20$1'
2QOLQHYLDWKH%OXHWRRWKLQWHUIDFH
SDJH7KH%OXHWRRWKSURILOHV'81
DQG3$1PDNHWKHPRELOHSKRQHV,QWHUQHW
FRQQHFWLRQDYDLODEOHWR&20$1'2QOLQH
DQGWKH5HDU6HDW(QWHUWDLQPHQW6\VWHP
=7KHPRELOHSKRQHVXSSRUWVDWOHDVWRQHRI
WKH86%FODVVHV&'&(&0(WKHUQHW
&RQWURO0RGHORU&'&$&0$FFHVV
&RQWURO0RGHODQGLVFRQQHFWHGWR
&20$1'2QOLQHYLDWKH86%LQWHUIDFH
SDJH7KH86%FODVVHVPDNHWKH
PRELOHSKRQHV,QWHUQHWFRQQHFWLRQ
DYDLODEOHWR&20$1'2QOLQHDQGWKH5HDU
6HDW(QWHUWDLQPHQW6\VWHP
=\RXQHHGDYDOLGPRELOHVHUYLFHFRQWUDFW
ZLWKDGDWDRSWLRQZKLFKLVXVHGWR
FDOFXODWHWKHDVVRFLDWHGFRQQHFWLRQFRVWV
G<RXFDQREWDLQPRUHGHWDLOHGLQIRUPDWLRQ
DERXWVXLWDEOHPRELOHSKRQHVRQWKH
,QWHUQHWDWKWWSZZZPHUFHGHV
EHQ]FRPFRQQHFWRUIURP\RXU
DXWKRUL]HG0HUFHGHV%HQ]&HQWHU
G,I\RXXVHLQFRUUHFWDFFHVVGDWD
DGGLWLRQDOFRVWVPD\EHLQFXUUHG7KLVFDQ
KDSSHQZKHQ\RXXVHGHWDLOVWKDWDUH
GLIIHUHQWIURPWKHFRQWUDFWRUGHWDLOVIURP
DQRWKHUFRQWUDFWGDWDSDFNDJH
G7KHDYDLODELOLW\RILQGLYLGXDO0HUFHGHV
%HQ]$SSVPD\YDU\GHSHQGLQJRQWKH
FRXQWU\
G7KHWHUPVRIXVHDUHVKRZQZKHQ
&20$1'2QOLQHLVXVHGIRUWKHILUVWWLPH
DQGWKHQRQFHD\HDUWKHUHDIWHU2QO\UHDG
DQGDFFHSWWKHWHUPVRIXVHZKHQWKH
YHKLFOHLVVWDWLRQDU\
G7KHGULYHULVQRWSHUPLWWHGWRFDOOXS
ZHEVLWHVZKLOHGULYLQJDQGXVHRIWKH
0HUFHGHV%HQ]$SSVLVUHVWULFWHG
 *HQHUDOQRWHV
2QOLQHDQG,QWHUQHW
7RXVH&20$1'2QOLQH0HUFHGHV%HQ]$SSV
DQG,QWHUQHWDFFHVVWKHIROORZLQJFRQGLWLRQV
PXVWEHIXOILOOHG
=PEUDFHLVDFWLYDWHGDQGRSHUDWLRQDO
=PEUDFHLVDFWLYDWHGIRU&20$1'2QOLQH
0HUFHGHV%HQ]$SSVDQG,QWHUQHWDFFHVV
3ULRULW\RIFRQQHFWLRQVDQHPHUJHQF\FDOO
KDVWKHKLJKHVWSULRULW\:KHQDVHUYLFHFDOO
HJDEUHDNGRZQVHUYLFHFDOORUWKH0%,QIR
&DOOLVDFWLYHDQHPHUJHQF\FDOOFDQVWLOOEH
LQLWLDWHG
$VHUYLFHFDOORQWKHRWKHUKDQGKDVSULRULW\
RYHUDFXUUHQW,QWHUQHWFRQQHFWLRQ7KHUHIRUH
\RXFDQQRWHVWDEOLVKDQ,QWHUQHWFRQQHFWLRQ
GXULQJDVHUYLFHFDOO
G7KHDYDLODELOLW\RILQGLYLGXDO&20$1'
0HUFHGHV%HQ]$SSVPD\YDU\GHSHQGLQJ
RQWKHFRXQWU\
G7KHWHUPVRIXVHDUHVKRZQZKHQ
&20$1'2QOLQHLVXVHGIRUWKHILUVWWLPH
DQGWKHQRQFHD\HDUWKHUHDIWHU2QO\UHDG
DQGDFFHSWWKHWHUPVRIXVHZKHQWKH
YHKLFOHLVVWDWLRQDU\
G7KHGULYHULVQRWSHUPLWWHGWRFDOOXS
ZHEVLWHVZKLOHGULYLQJDQGXVHRIWKH
0HUFHGHV%HQ]$SSVLVUHVWULFWHG
(VWDEOLVKLQJHQGLQJWKHFRQQHFWLRQ
(VWDEOLVKLQJWKHFRQQHFWLRQ
3UHFRQGLWLRQVIRUHVWDEOLVKLQJDFRQQHFWLRQ
FDQEHIRXQGXQGHU*HQHUDOQRWHV
SDJH
$FRQQHFWLRQFDQEHHVWDEOLVKHGE\
=HQWHULQJDZHEDGGUHVVSDJH
=FDOOLQJXSWKH0HUFHGHV%HQ]0RELOH
:HEVLWHSDJH
=FDOOLQJXSD0HUFHGHV%HQ]$SS
SDJH
=FDOOLQJXSD)DYRULWHSDJH
=FDOOLQJXSWKH,QWHUQHWUDGLRSDJH
(QGLQJWKHFRQQHFWLRQ
3UHVV&DQFHOLQWKHFRQQHFWLRQVZLQGRZ
(VWDEOLVKLQJHQGLQJWKHFRQQHFWLRQ 
2QOLQHDQG,QWHUQHW
&RQQHFWLRQVWDWXV
C1DPHRIWKHPRELOHSKRQHQHWZRUNXVHG
D&XUUHQWFRQQHFWLRQVWDWXV
&RQQHFWLRQVWDWXVGLVSOD\
&XUUHQWGDWDFRQQHFWLRQGLVSOD\
,QWHUQHWFRQQHFWLRQGXUDWLRQ
,QWHUQHWGHYLFHQDPH
G7KHDUURZV\PEROIRUDQH[LVWLQJFRQQHFWLRQLVDOVRVKRZQLQWKH5HDU6HDW(QWHUWDLQPHQW
6\VWHP
,IWKH,QWHUQHWFRQQHFWLRQLVHVWDEOLVKHGXVLQJWKHWHOHSKRQHFRQQHFWHGWR&20$1'WKH
IURQWURZRIVHDWVLVKLJKOLJKWHGLQFRORU
,IWKH,QWHUQHWFRQQHFWLRQLVHVWDEOLVKHGXVLQJWKHWHOHSKRQHFRQQHFWHGWRWKH5HDU6HDW
(QWHUWDLQPHQW6\VWHPWKHUHDUURZRIVHDWVLVKLJKOLJKWHGLQFRORU
&DOOXSWKHFDURXVHOYLHZSDJH
7RVHOHFW
6HWWLQJV
VOLGHWXUQDQGSUHVVWKHFRQWUROOHU
$PHQXDSSHDUV
7RVHOHFW
&RQQHFWLRQ6WDWXV
WXUQDQGSUHVVWKHFRQWUROOHU
$QRYHUYLHZRIWKHFRQQHFWLRQVWDWXVDSSHDUV
G7KHFRQQHFWLRQGHWDLOVDUHDOVRGLVSOD\HGLQWKHDGGLWLRQDOGLVSOD\DUHDLIWKHFRUUHVSRQGLQJ
LQIRUPDWLRQKDVEHHQSUHVHWSDJH
(QGLQJWKHFRQQHFWLRQ
<RXFDQQRWFDQFHOWKHFRQQHFWLRQ\RXUVHOI
7KH,QWHUQHWFRQQHFWLRQLVDXWRPDWLFDOO\
WHUPLQDWHGLIWKHV\VWHPGRHVQRWUHFRJQL]H
DQ\XVHULQSXWZLWKLQDILYHPLQXWHWLPH
SHULRG
G7KHvEXWWRQLVLQRSHUDWLYH
$XWRPDWLFGLVFRQQHFWLRQRIWKH
,QWHUQHWFRQQHFWLRQDIWHULQDFWLYLW\
,IQRGDWDLVWUDQVIHUUHGIURP&20$1'2QOLQH
IRUDVSHFLILHGWLPHHJILYHPLQXWHVWKH
V\VWHPDXWRPDWLFDOO\GLVFRQQHFWVWKH
,QWHUQHWFRQQHFWLRQ
 (VWDEOLVKLQJHQGLQJWKHFRQQHFWLRQ
2QOLQHDQG,QWHUQHW
*RRJOHORFDOVHDUFK
&DOOLQJXSWKHORFDOVHDUFKPHQX
G<RXGRQRWQHHGD*RRJOHDFFRXQWWR
XVH/RFDO6HDUFK
3UHVVWKH+EXWWRQ
7KHODVWIXQFWLRQFDOOHGXSDSSHDUV
6HOHFW7(/§LQWKHPDLQIXQFWLRQEDUE\
VOLGLQJRWXUQLQJDQGSUHVVLQJWKH
FRQWUROOHU
$FDURXVHOPHQXDSSHDUV
7RVHOHFW,QWHUQHWWXUQDQGSUHVVWKH
FRQWUROOHU
7KHFDURXVHOPHQXIRUWKH,QWHUQHW
IXQFWLRQVDSSHDUV
6HOHFWWKH0HUFHGHV%HQ]$SSVWLOH
7KH0HUFHGHV%HQ]$SSVPHQXLV
GLVSOD\HG
6HOHFW*RRJOH/RFDO6HDUFK
6HDUFK
(QWU\UHVWULFWLRQ
,WLVRQO\SRVVLEOHIRUWKHGULYHUWRHQWHUD
VHDUFKWHUPLQWKHLQSXWPHQXZKHQWKH
YHKLFOHLVVWDWLRQDU\
6HOHFWLQJWKHVHDUFKSRVLWLRQ
<RXFDQVHOHFWGLIIHUHQWGHVWLQDWLRQ
VXJJHVWLRQVLQWKHPHQX
&20$1'VHDUFKHVWKHIROORZLQJDYDLODEOH
GHVWLQDWLRQV
=QHDUWKHFXUUHQWYHKLFOHSRVLWLRQ
=QHDUDFLW\
,IDGHVWLQDWLRQKDVSUHYLRXVO\EHHQ
HQWHUHGWKHIROORZLQJDUHDOVRDYDLODEOH
=QHDUWKHGHVWLQDWLRQ
=DORQJWKHURXWH
G<RXFDQDOVRVHOHFWDGHVWLQDWLRQIURPWKH
JHQHUDOVHDUFKKLVWRU\
$IWHUVHOHFWLQJ1HDU'HVWLQDWLRQIRU
H[DPSOHHQWHUDQDGGUHVVDQGVHOHFW
TWXUQDQGSUHVVWKHFRQWUROOHU
7KHVHDUFKUHVXOWVDUHGLVSOD\HG
(QWHULQJDVHDUFKWHUP
6HOHFW1HDU'HVWLQDWLRQIRUH[DPSOHLQ
WKH/RFDO6HDUFKPHQX
7KHLQSXWPHQXDSSHDUV
7RHQWHUXVLQJWKHFKDUDFWHUEDUHQWHU
WKHVHDUFKWHUP
7RHQWHUFKDUDFWHUVXVLQJWKHQXPEHU
SDGSUHVVWKHQXPEHUNH\VLQUDSLG
VXFFHVVLRQ
7KHFKDUDFWHUDSSHDUVZKHQWKHNH\LV
SUHVVHG7KHILUVWDYDLODEOHFKDUDFWHULV
KLJKOLJKWHG
6HOHFWTDIWHUHQWHULQJWKHVHDUFKWHUP
$OLVWZLWKVHDUFKUHVXOWVDSSHDUV
G*RRJOHGHWHUPLQHVKRZWKHVHDUFK
UHVXOWVDUHVRUWHGWKLVLVQRWQHFHVVDULO\
EDVHGRQWKHVKRUWHVWGLVWDQFH
8VLQJVHDUFKUHVXOWV
7RVHOHFWDQHQWU\IURPWKHOLVWRIVHDUFK
UHVXOWVWXUQDQGSUHVVWKHFRQWUROOHU
$PHQXDSSHDUV
7RGLVSOD\GHWDLOVVHOHFW'HWDLOV
7KHDGGUHVVRIWKHVHOHFWHGHQWU\LV
GLVSOD\HG
7RXVHDVHDUFKUHVXOWDVWKH
GHVWLQDWLRQVHOHFW6HWDV
'HVWLQDWLRQ
<RXWKHQVZLWFKWRQDYLJDWLRQPRGHDQG
FDQVWDUWURXWHFDOFXODWLRQ
G7KHVHDUFKUHVXOWLVVWRUHGLQWKH
/DVWGHVWLQDWLRQVPHPRU\DWWKHVDPH
WLPHSDJH<RXFDQWDNHWKH
*RRJOHORFDOVHDUFK 
2QOLQHDQG,QWHUQHW
GHVWLQDWLRQIURPWKLVPHPRU\DQGVDYHLW
SHUPDQHQWO\LQWKHFRQWDFWVSDJH
7RFDOODGHVWLQDWLRQVHOHFW
&DOO
<RXWKHQVZLWFKWRWKHWHOHSKRQHIXQFWLRQ
DQGPDNHWKHFDOOSDJH
G,IWKHUHLVQRSKRQHQXPEHUDYDLODEOHWKH
PHQXLWHPFDQQRWEHVHOHFWHG
7RFDOOXS*RRJOH6WUHHW9LHZVHOHFW
*RRJOH6WUHHW9LHZ
7KLVWDNHV\RXWR*RRJOH6WUHHW9LHZ
G,IQR*RRJOH6WUHHW9LHZLQIRUPDWLRQLV
DYDLODEOHDFRUUHVSRQGLQJPHVVDJH
DSSHDUV
7RFDOOXS3DQRUDPLRE\*RRJOHVHOHFW
3DQRUDPLRE\*RRJOH
7KLVWDNHV\RXWR3DQRUDPLRE\*RRJOH
DQG\RXZLOOVHHSKRWRVRISODFHVRILQWHUHVW
ORFDWHGQHDUWKHVHDUFKUHVXOW
7RVDYHWRWKHDGGUHVVERRNVHOHFW
,PSRUW
7KHHQWU\LVVWRUHGLQWKHDGGUHVVERRN
3RSXODUVHDUFKHV
7KLVIXQFWLRQDOORZV\RXWRVHDUFKXVLQJ
SUHGHILQHGVHDUFKFULWHULD
,QWKH/RFDO6HDUFKPHQXVHOHFW
3RSXODU
6HDUFKHV
WXUQDQGSUHVVWKHFRQWUROOHU
$PHQXGLVSOD\VWKHDYDLODEOHVHDUFK
FULWHULD
6HOHFWWKHGHVLUHGVHDUFKFULWHULRQ
3URFHHGDVGHVFULEHGLQWKH6HOHFWLQJWKH
VHDUFKSRVLWLRQVHFWLRQSDJH,I
WKHYHKLFOHLVVWDWLRQDU\WKHVHDUFKUHVXOWV
FDQEHVXSSOHPHQWHGPDQXDOO\HJ+RWHO
$GOHU
6HDUFK+LVWRU\
7KLVIXQFWLRQRIIHUV\RXWKHSUHYLRXVVHDUFK
TXHULHV
7RVHOHFW
6HDUFK+LVWRU\
LQWKH/RFDO
6HDUFKPHQXWXUQDQGSUHVVWKHFRQWUROOHU
7KHSUHYLRXVVHDUFKTXHULHVDUHVKRZQ
ZLWKWKHPRVWUHFHQWDWWKHWRS
6HOHFWWKHGHVLUHGVHDUFKFULWHULRQ
3URFHHGDVGHVFULEHGLQWKH6HOHFWLQJWKH
VHDUFKSRVLWLRQVHFWLRQSDJH,I
WKHYHKLFOHLVVWDWLRQDU\WKHVHDUFKUHVXOWV
FDQEHVXSSOHPHQWHGPDQXDOO\HJ+RWHO
$GOHU
6HOHFWLQJRSWLRQVIRUWKHORFDOVHDUFK
6HWWLQJWKHVHDUFKUDGLXV
&DOOXSWKHFDURXVHOYLHZSDJH
7RVHOHFWWKH
0HUFHGHV%HQ]$SSV
WLOH
WXUQDQGSUHVVWKHFRQWUROOHU
7KHOLVWRI0HUFHGHV%HQ]$SSVDSSHDUV
7RVHOHFWWKH2SWLRQVPHQXIRUWKH
*RRJOH
/RFDO6HDUFK
DSSVOLGHRDQGSUHVVWKH
FRQWUROOHU
7KHPHQXVKRZVWKHFXUUHQWVHWWLQJV
7RVHOHFW
6HDUFK5DGLXV
WXUQDQGSUHVV
WKHFRQWUROOHU
$PHQXDSSHDUV
6HOHFWWKHGHVLUHGHQWU\
7KHVHOHFWHGVHWWLQJLVDFFHSWHG
7RH[LWWKHPHQXVHOHFW9
6HOHFWLQJDVHUYLFHSURYLGHU
6HOHFWWKH2SWLRQVPHQXIRUWKH
*RRJOH
/RFDO6HDUFK
DSSSDJH
7KHPHQXVKRZVWKHFXUUHQWVHWWLQJV
7RVHOHFW
6HUYLFH3URYLGHU
WXUQDQG
SUHVVWKHFRQWUROOHU
7KH;GRWLQGLFDWHVWKHFXUUHQWO\VHOHFWHG
VHUYLFHSURYLGHU
G,IWKHHQWU\LVJUD\HGRXW\RXFDQQRW
VHOHFWWKHVHUYLFHSURYLGHU
6HOHFWDQGFRQILUPWKHHQWU\
7KHVHOHFWHGVHUYLFHSURYLGHULVDFFHSWHG
 *RRJOHORFDOVHDUFK
2QOLQHDQG,QWHUQHW
7RH[LWWKHPHQXVHOHFW9
'HOHWLQJVHDUFKTXHULHV
6HOHFWWKH2SWLRQVPHQXIRUWKH*RRJOH
/RFDO6HDUFKDSSSDJH
7KHPHQXVKRZVWKHFXUUHQWVHWWLQJV
7RVHOHFW'HOHWHDOO6HDUFKHVWXUQDQG
SUHVVWKHFRQWUROOHU
$SURPSWDSSHDUVDVNLQJZKHWKHU\RX
UHDOO\ZLVKWRGHOHWHWKHVHDUFK
6HOHFW<HVRU1R
,I\RXVHOHFW<HVWKHVHDUFKTXHULHVDUH
GHOHWHG
,I\RXVHOHFW1RWKHSURFHVVZLOOEH
FDQFHOHG
5HVHWWLQJVHDUFKKLVWRU\
6HOHFWWKH2SWLRQVPHQXIRUWKH*RRJOH
/RFDO6HDUFKDSSSDJH
7KHPHQXVKRZVWKHFXUUHQWVHWWLQJV
7RVHOHFW5HVHW6HDUFK+LVWRU\WXUQWKH
FRQWUROOHUDQGSUHVVWRFRQILUP
$SURPSWDSSHDUVDVNLQJZKHWKHU\RX
UHDOO\ZLVKWRUHVHWWKHVHDUFKKLVWRU\
6HOHFW<HVRU1R
,I\RXVHOHFW<HVWKHVHDUFKKLVWRU\LV
GHOHWHG
,I\RXVHOHFW1RWKHSURFHVVZLOOEH
FDQFHOHG
G7KHODVWWHQVHDUFKTXHULHVDUHUHVHW
'HVWLQDWLRQURXWHGRZQORDG
,QWURGXFWLRQ
<RXFDQVHQGGHVWLQDWLRQVDQGURXWHVIURP
*RRJOHPDSVWRWKHVHUYHUDQGGRZQORDG
WKHVHYLDWKLVIXQFWLRQ<RXFDQXVHWKH
GHVWLQDWLRQVDQGURXWHVIRUURXWHJXLGDQFH
DQGVDYHWKHPIRUIXUWKHUXVH
,QRUGHUWRXVHWKHGHVWLQDWLRQGRZQORDG
IXQFWLRQWKHPEUDFHV\VWHPPXVWEH
=DFWLYDWHG
=VHWXS
=DQGDFWLYDWHGIRU&20$1'DQG,QWHUQHW
DFFHVVVHUYLFHV
)RULQIRUPDWLRQRQWKHPEUDFHV\VWHPVHH
WKHVHSDUDWHYHKLFOH2SHUDWRUV0DQXDO
6HQGLQJGHVWLQDWLRQVURXWHVWR
0HUFHGHV%HQ]
&DOOXSWKHZHEVLWHIRU*RRJOH0DSVRQ
WKH,QWHUQHW
6HOHFWWKHGHVWLQDWLRQ
6HOHFW0HUFHGHV%HQ]DVWKHFRPSDQ\
HQWU\
&RQILUP6HQGRQWKH*RRJOH0DSV
ZHEVLWH
7KHGHVWLQDWLRQVURXWHVDUHVHQWWRWKH
VHUYHU
G7KHDYDLODELOLW\RIWKHGHVWLQDWLRQURXWH
GRZQORDGIXQFWLRQLVFRXQWU\GHSHQGHQW
'RZQORDGLQJGHVWLQDWLRQVURXWHV
IURPWKHVHUYHU
3URFHHGDVIROORZVWRXVHGHVWLQDWLRQV
URXWHVWKDWKDYHEHHQVHQWWRWKHVHUYHU
3UHVVWKH+EXWWRQ
7KHODVWIXQFWLRQFDOOHGXSDSSHDUV
6HOHFW7(/§LQWKHPDLQIXQFWLRQEDUE\
VOLGLQJRWXUQLQJDQGSUHVVLQJWKH
FRQWUROOHU
$FDURXVHOPHQXDSSHDUV
7RVHOHFW,QWHUQHWWXUQDQGSUHVVWKH
FRQWUROOHU
7KHFDURXVHOPHQXIRUWKH,QWHUQHW
IXQFWLRQVDSSHDUV
'HVWLQDWLRQURXWHGRZQORDG 
2QOLQHDQG,QWHUQHW
6HOHFWWKH
0HUFHGHV%HQ]$SSV
WLOH
7KH0HUFHGHV%HQ]$SSVPHQXLV
GLVSOD\HG
6HOHFW
'HVWLQDWLRQ5RXWH'RZQORDG
IURPWKHOLVW
$YDLODEOHGHVWLQDWLRQVDUHVKRZQLQWKHOLVW
G:LWK
([LW
\RXFDQOHDYHGHVWLQDWLRQ
GRZQORDG
:LWK
2SWLRQV
\RXFDQVHWWKHRSWLRQVIRU
GHVWLQDWLRQGRZQORDGSDJH
<RXFDQDOVRXVHWKHQDYLJDWLRQWRDFFHVV
WKHGHVWLQDWLRQURXWHGRZQORDGIXQFWLRQ
SDJH
<RXFDQVDYHXSWRURXWHVDQG
GHVWLQDWLRQVIRU\RXUYHKLFOHRQWKHVHUYHU
DQGGLVSOD\WKHVHLQWKHOLVW,I\RXVHQG
IXUWKHUURXWHVDQGGHVWLQDWLRQVWRWKHVHUYHU
WKHH[LVWLQJHQWULHVDUHGHOHWHGIURPWKHOLVW
8VLQJGHVWLQDWLRQVURXWHV
'LVSOD\LQJGHWDLOV
7RVHOHFWDQHQWU\IURPWKHOLVWWXUQWKH
FRQWUROOHUDQGSUHVVWRFRQILUP
$PHQXDSSHDUV
6HOHFW
'HWDLOV
LQWKHPHQX
7KHGHVWLQDWLRQLVGLVSOD\HG
8VLQJDVWKHGHVWLQDWLRQ
6HOHFW
6HWDV'HVWLQDWLRQ
LQWKHPHQX
<RXWKHQVZLWFKWRQDYLJDWLRQPRGHDQG
FDQVWDUWURXWHFDOFXODWLRQSDJH
7KHGHVWLQDWLRQLVHQWHUHGLQWKHOLVWRIODVW
GHVWLQDWLRQV
&DOOLQJXSWKHGHVWLQDWLRQ
6HOHFW
&DOO
LQWKHPHQX
<RXWKHQVZLWFKWRWKHWHOHSKRQHIXQFWLRQ
DQGPDNHWKHFDOOSDJH
G<RXFDQXVHWKHIXQFWLRQLI
=DPRELOHSKRQHLVFRQQHFWHG
SDJH
=WKHGHVWLQDWLRQDGGUHVVFRQWDLQVD
WHOHSKRQHQXPEHU
,PSRUWLQJGHVWLQDWLRQV
<RXFDQVDYHGHVWLQDWLRQVDQGURXWHVWRWKH
DGGUHVVERRNZKHQLPSRUWLQJ
6HOHFWDQHQWU\IURPWKHOLVW
6HOHFW
,PSRUW
7KHHQWU\LVVWRUHGLQWKHDGGUHVVERRN
'HOHWLQJDGHVWLQDWLRQIURPWKHVHUYHU
6HOHFWDQHQWU\IURPWKHOLVW
6HOHFW
'HOHWH
$SURPSWDSSHDUVDVNLQJZKHWKHU\RX
UHDOO\ZLVKWRUHVHW
6HOHFW
<HV
RU
1R
,I\RXVHOHFW
<HV
WKHVHWWLQJVDUHUHVHW
,I\RXVHOHFW
1R
WKHSURFHVVZLOOEH
FDQFHOHG
6HWWLQJRSWLRQVIRUGHVWLQDWLRQURXWH
GRZQORDG
'HOHWLQJGHVWLQDWLRQVDQGURXWHVDIWHU
LPSRUWLQJWRWKHVHUYHU
6HOHFWWKH2SWLRQVPHQXIRUWKH
'HVWLQDWLRQ5RXWH'RZQORDG
DSS
SDJH
7KHPHQXVKRZVWKHFXUUHQWVHWWLQJV
7RVHOHFW
'HOHWHDIWHULPSRUWLQJWR
WKHVHUYHU
WXUQDQGSUHVVWKHFRQWUROOHU
6ZLWFKWKHVHWWLQJRQsRURIIS
G5RXWHVDQGGHVWLQDWLRQVDUH
DXWRPDWLFDOO\GHOHWHGIURPWKHVHUYHUDIWHU
VHYHQGD\V
7RH[LWWKHPHQXSUHVVWKH8EXWWRQ
 'HVWLQDWLRQURXWHGRZQORDG
2QOLQHDQG,QWHUQHW
2SWLRQV
&DOOLQJXSWKHRSWLRQVPHQX
3UHVVWKH+EXWWRQ
7KHODVWIXQFWLRQFDOOHGXSDSSHDUV
6HOHFW7(/§LQWKHPDLQIXQFWLRQEDUE\
VOLGLQJRWXUQLQJDQGSUHVVLQJWKH
FRQWUROOHU
$FDURXVHOPHQXDSSHDUV
7RVHOHFW,QWHUQHWWXUQDQGSUHVVWKH
FRQWUROOHU
7KHFDURXVHOPHQXIRUWKH,QWHUQHW
IXQFWLRQVDSSHDUV
7RVHOHFWWKH0HUFHGHV%HQ]$SSVSDJH
IUDPHWXUQDQGSUHVVWKHFRQWUROOHU
7KHOLVWRI0HUFHGHV%HQ]$SSVDSSHDUV
6HOHFWWKHGHVLUHGDSSHJ*RRJOH
/RFDO6HDUFK
7RVHOHFWWKHÞ2SWLRQVPHQXVOLGH
RDQGSUHVVWKHFRQWUROOHU
7KHPHQXVKRZVWKHFXUUHQWVHWWLQJV
5HVHWWLQJDGMXVWPHQWV
:LWKWKHUHVHWIXQFWLRQDOO0HUFHGHV%HQ]
$SSVVHWWLQJVDUHUHVHWWRWKHIDFWRU\
VHWWLQJV
&DOOXSWKH2SWLRQVPHQXSDJH
$PHQXDSSHDUV
G1RDSSVVKRXOGEHVHOHFWHGRWKHUZLVH
WKHRSWLRQVPHQXRIWKHUHVSHFWLYHDSS
RSHQV
7RVHOHFW5HVHWWXUQWKHFRQWUROOHUDQG
SUHVVWRFRQILUP
$SURPSWDSSHDUVDVNLQJZKHWKHU\RX
UHDOO\ZLVKWRUHVHW
6HOHFW<HVRU1R
,I\RXVHOHFW<HVWKHVHWWLQJVDUHUHVHW
,I\RXVHOHFW1RWKHSURFHVVZLOOEH
FDQFHOHG
0HUFHGHV%HQ]$SSV
*HQHUDOQRWHV
G7REHDEOHWRXVH0HUFHGHV%HQ]$SSV
\RXILUVWKDYHWRUHJLVWHU&20$1'2QOLQH
7RGRVR\RXKDYHWRHQWHU\RXUQDPHDQG
SRVWDODGGUHVVRQFHLQWKHYHKLFOHDQG
FRQILUPWKHJHQHUDOWHUPVDQGFRQGLWLRQV
$PHVVDJHWRWKLVHIIHFWDSSHDUVWKHILUVW
WLPH\RXFDOOXSWKHRQOLQHDQG,QWHUQHW
IXQFWLRQV
0HUFHGHV%HQ]0RELOH:HEVLWH
&RQQHFWWRWKH,QWHUQHWSDJH
7KH&20$1'2QOLQHIXQFWLRQVFRQWDLQWKH
0HUFHGHV%HQ]0RELOH:HEVLWHDVD
SUHGHILQHGIDYRULWH
3UHVVWKH+EXWWRQ
7KHODVWIXQFWLRQFDOOHGXSDSSHDUV
6HOHFW7(/§LQWKHPDLQIXQFWLRQEDUE\
VOLGLQJRWXUQLQJDQGSUHVVLQJWKH
FRQWUROOHU
$FDURXVHOPHQXDSSHDUV
7RVHOHFW,QWHUQHWWXUQDQGSUHVVWKH
FRQWUROOHU
7KHFDURXVHOPHQXIRUWKH,QWHUQHW
IXQFWLRQVDSSHDUV
6HOHFWWKH0HUFHGHV%HQ]0RELOH
:HEVLWHSDJHIUDPH
7KH0HUFHGHV%HQ]KRPHSDJHDSSHDUV
G<RXFDQQRWGHOHWHWKH0HUFHGHV%HQ]
0RELOH:HEVLWHSDJHIUDPH
0HUFHGHV%HQ]$SSV 
2QOLQHDQG,QWHUQHW
)XUWKHU0HUFHGHV%HQ]$SSV
<RXFDQFDOOXSDGGLWLRQDO0HUFHGHV%HQ]
$SSVVXFKDV)DFHERRN*RRJOH6WUHHW
9LHZ*RRJOH3DQRUDPLRRUFRXQWU\
LQIRUPDWLRQVXFKDVPD[LPXPVSHHGKHUH
<RXFDQFDOOXSDGGLWLRQDO0HUFHGHV%HQ]
$SSVKHUH
7KHIROORZLQJH[DPSOHVVKRZKRZWRFDOOXS
D0HUFHGHV%HQ]$SSIRUH[DPSOH)DFHERRN
DQGJHQHUDOO\KRZWRFDOOXS*RRJOH
VHUYLFHV
7RFDOOXS)DFHERRN
3UHVVWKH+EXWWRQ
7KHODVWIXQFWLRQFDOOHGXSDSSHDUV
6HOHFW
7(/
§LQWKHPDLQIXQFWLRQEDUE\
VOLGLQJRWXUQLQJDQGSUHVVLQJWKH
FRQWUROOHU
$FDURXVHOPHQXDSSHDUV
7RVHOHFW
,QWHUQHW
WXUQDQGSUHVVWKH
FRQWUROOHU
7KHFDURXVHOPHQXIRUWKH,QWHUQHW
IXQFWLRQVDSSHDUV
6HOHFWWKH
0HUFHGHV%HQ]$SSV
SDJH
IUDPH
7KH0HUFHGHV%HQ]$SSVPHQXLV
GLVSOD\HG
6HOHFW)DFHERRNIURPWKHOLVW
7KH)DFHERRNKRPHSDJHDSSHDUV
G)DFHERRNLVDVRFLDOQHWZRUN7KLV$SS
DOORZV\RXWRORJLQIURP\RXUYHKLFOHDQG
XVH)DFHERRNVPDQ\IXQFWLRQV
7RFDOOXS*RRJOHVHUYLFHV
7KLVLVGRQHWKURXJK*RRJOH/RFDO6HDUFK
SDJH
G*RRJOH6WUHHW9LHZDOORZV\RXWRYLHZ
VWUHHWVLQGHJUHHSDQRUDPDV
*RRJOH3DQRUDPLRH[SDQGV*RRJOH/RFDO
6HDUFKWRLQFOXGHSKRWRVDWWKHVHOHFWHG
SRVLWLRQ
&DOOLQJXS0HUFHGHV%HQ]$SSV
3UHVVWKH+EXWWRQ
7KHODVWIXQFWLRQFDOOHGXSDSSHDUV
6HOHFW§LQWKHPDLQIXQFWLRQEDUE\VOLGLQJ
RWXUQLQJDQGSUHVVLQJWKHFRQWUROOHU
7KH,QWHUQHWFDURXVHOPHQXDSSHDUV
7RVHOHFWWKH
0HUFHGHV%HQ]$SSV
SDJH
IUDPHWXUQDQGSUHVVWKHFRQWUROOHU
7KH0HUFHGHV%HQ]$SSVPHQXLV
GLVSOD\HG
6HOHFWWKHGHVLUHG0HUFHGHV%HQ]$SS
7RH[LW0HUFHGHV%HQ]$SSV
3UHVVWKH8EXWWRQ
7KH,QWHUQHWSDJHIUDPHPHQXDSSHDUV
G$GGLWLRQDO0HUFHGHV%HQ]$SSVFDQEH
SXUFKDVHGRQWKH0HUFHGHV%HQ]ZHEVLWH
)XUWKHULQIRUPDWLRQLVDYDLODEOHXQGHU
KWWSDSSVPHUFHGHVEHQ]FRPDSSV
7KHUDQJHRIVHUYLFHVLVFRXQWU\
GHSHQGHQW
,QWHUQHWUDGLR
*HQHUDOQRWHV
$JRRG,QWHUQHWFRQQHFWLRQLVUHTXLUHGWR
WUDQVPLWDXGLRGDWDHIILFLHQWO\7RHQVXUHWKH
EHVWSRVVLEOHUHFHSWLRQ\RXUPRELOHSKRQH
VKRXOGEHFRQQHFWHGWRWKHYHKLFOHVH[WHULRU
DQWHQQDYLDWKHSKRQHEUDFNHWRSWLRQDO
G%HDULQPLQGWKDWDODUJHYROXPHRIGDWD
FDQEHWUDQVPLWWHGZKHQXVLQJWKH,QWHUQHW
UDGLR$QDYHUDJHNELWSHUVHFRQGGDWD
WUDQVIHUUDWHFDQWUDQVIHU0%RIGDWDLQ
RQHKRXU
 ,QWHUQHWUDGLR
2QOLQHDQG,QWHUQHW
7KHGDWDWUDQVIHUUDWHRIDVWDWLRQLV
GLVSOD\HGZKLOHUHFHLYLQJGDWD
&DOOLQJXSWKH,QWHUQHWUDGLR
3UHVVWKH+EXWWRQUHSHDWHGO\XQWLOWKH
,QWHUQHWWLOHPHQXDSSHDUV
7RVHOHFWWKH,QWHUQHW5DGLRWLOHWXUQ
DQGSUHVVWKHFRQWUROOHU
7KH,QWHUQHWUDGLRPHQXDSSHDUV
6HDUFKLQJIRUVWDWLRQV
7RVHOHFW6WDWLRQ6HDUFKLQWKH,QWHUQHW
UDGLRPHQXWXUQDQGSUHVVWKHFRQWUROOHU
$OLVWZLWKVHDUFKFULWHULDDSSHDUV
6HOHFWWKHGHVLUHGVHDUFKFULWHULRQ
G)RUH[DPSOHDVDVHDUFKFULWHULRQ\RXFDQ
VHWDQ,QWHUQHWUDGLRVWDWLRQWKDWLVORFDWHG
FORVHWR\RXUQDYLJDWLRQGHVWLQDWLRQ
&RQQHFWLQJWRDVWDWLRQ
6HDUFKIRUDVWDWLRQSDJH
7KHFRQQHFWLRQLVHVWDEOLVKHG
DXWRPDWLFDOO\
(VWDEOLVKLQJDFRQQHFWLRQPDQXDOO\
7RVHOHFWeLQWKH,QWHUQHWUDGLRPHQX
WXUQDQGSUHVVWKHFRQWUROOHU
7KHFDOOLVSODFHG
,IWKHGDWDVWUHDPLVLQWHUUXSWHGDQDXWRPDWLF
DWWHPSWLVPDGHWRUHHVWDEOLVKWKH
FRQQHFWLRQ
0DQXDOO\UHHVWDEOLVKLQJDFRQQHFWLRQ
6HOHFWeDJDLQLQWKH,QWHUQHWUDGLR
PHQX
(QGLQJGDWDWUDQVIHU
6HOHFWÛLQWKH,QWHUQHWUDGLRPHQX
RU
&KDQJHWRDQRWKHUDXGLRVRXUFHIRU
H[DPSOH0HGLD
,I\RXFKDQJHWRDPDLQIXQFWLRQWKDWLVQRWDQ
DXGLRVRXUFHHJQDYLJDWLRQWKHGDWD
FRQQHFWLRQUHPDLQVRQ<RXFDQFRQWLQXH
OLVWHQLQJWRWKHVHWVWDWLRQ3UHVVLQJWKH
+EXWWRQWDNHV\RXEDFNWR,QWHUQHWUDGLR
6DYLQJDVWDWLRQDVDIDYRULWH
7RVHOHFW)DYRULWHLQWKHPHQXEDUWXUQ
DQGSUHVVWKHFRQWUROOHU
$PHQXDSSHDUV
6HOHFW6DYHDV)DYRULWH
7KHVHWVWDWLRQLVVDYHGDVDIDYRULWH
)XUWKHURSWLRQV
7RVHOHFWÞLQWKHPHQXEDUWXUQDQG
SUHVVWKHFRQWUROOHU
$PHQXDSSHDUV<RXFDQORDGVWDWLRQ
ORJRVVHOHFWDVWUHDPRUVHOHFWDXWRPDWLF
SOD\EDFNRQVWDUWLQJIRUH[DPSOH
7RVHOHFW/RDGVWDWLRQORJRVWXUQDQGSUHVV
WKHFRQWUROOHU
&KHFNLQJWKHER[VZLWFKHVWKHIXQFWLRQRQ
sRURIIS
6HOHFW$XWRPDWLFSOD\EDFNRQVWDUW
&KHFNLQJRUXQFKHFNLQJWKHER[VZLWFKHV
WKHIXQFWLRQRQsRURIIS
6RXQGVHWWLQJV
7RVHOHFW6RXQGLQWKHPHQXEDUWXUQDQG
SUHVVWKHFRQWUROOHU
7KHPHQXDSSHDUVVKRZLQJWKHODVW
DFFHVVHGVRXQGVHWWLQJ
,QWHUQHWUDGLR 
2QOLQHDQG,QWHUQHW
,QWHUQHW
&DOOLQJXSDZHEVLWH
'LVSOD\UHVWULFWLRQ
,QWHUQHWSDJHVFDQQRWEHVKRZQZKLOHWKH
YHKLFOHLVLQPRWLRQ
&DOOLQJXSWKHFDURXVHOYLHZ
3UHVVWKH+EXWWRQ
7KHODVWIXQFWLRQFDOOHGXSDSSHDUV
6HOHFW
7(/
§LQWKHPDLQIXQFWLRQEDUE\
VOLGLQJRWXUQLQJDQGSUHVVLQJWKH
FRQWUROOHU
$FDURXVHOPHQXDSSHDUV
7RVHOHFW
,QWHUQHW
WXUQDQGSUHVVWKH
FRQWUROOHU
7KHFDURXVHOPHQXIRUWKH,QWHUQHW
IXQFWLRQVDSSHDUV
(QWHULQJDZHEDGGUHVV
&DOOXSWKHFDURXVHOYLHZSDJH
7RVHOHFWWKH
ZZZ
WLOHWXUQDQGSUHVVWKH
FRQWUROOHU
$QLQSXWPHQXDSSHDUV
<RXFDQHQWHUWKHZHEDGGUHVVXVLQJHLWKHU
WKHFKDUDFWHUEDURUWKHQXPEHUNH\SDG
SDJH
7RHQWHUXVLQJWKHFKDUDFWHUEDUHQWHU
WKHZHEDGGUHVVLQWKHLQSXWOLQH&KDUDFWHU
HQWU\SDJH
$VVRRQDVWKHILUVWOHWWHUKDVEHHQHQWHUHG
LQWKHLQSXWOLQHDOLVWDSSHDUVEHORZLW7KH
OLVWVKRZVZHEDGGUHVVHVZKLFKEHJLQZLWK
WKHOHWWHUV\RXKDYHHQWHUHGDQGZHE
DGGUHVVHVZKLFKKDYHDOUHDG\EHHQFDOOHG
XS
7KHOLVWLVHPSW\WKHILUVWWLPH\RXFDOOLWXS
7RHQWHUFKDUDFWHUVXVLQJWKHQXPEHU
SDGSUHVVWKHQXPEHUNH\VLQUDSLG
VXFFHVVLRQ
7KHFKDUDFWHUDSSHDUVZKHQWKHNH\LV
SUHVVHG7KHILUVWDYDLODEOHOHWWHULV
KLJKOLJKWHG(QWHUWKHFKDUDFWHUXVLQJWKH
FKDUDFWHUEDUSDJH
6HOHFWTDIWHUHQWHULQJWKHZHE
DGGUHVV
7KHZHEVLWHLVFDOOHGXS
7RVHOHFWDZHEDGGUHVVIURPWKHOLVW
VOLGHRWKHFRQWUROOHULQWKHLQSXWPHQX
ZLWKFKDUDFWHUEDU
7KHOLVWLVDFWLYDWHG
6HOHFWWKHGHVLUHGZHEDGGUHVV
7KHZHEDGGUHVVFDQVWLOOEHFKDQJHGDV
GHVLUHG
6HOHFWT
7KHZHEVLWHLVFDOOHGXS
6HOHFWLQJIDYRULWHV
<RXPXVWFUHDWHDWOHDVWRQHIDYRULWHLQWKH
FDURXVHOYLHZIRUWKLVIXQFWLRQSDJH
&DOOXSWKHFDURXVHOYLHZSDJH
7RVHOHFWWKH
0\,QWHUQHW%RRNPDUNV
WLOHWXUQDQGSUHVVWKHFRQWUROOHU
6HOHFWDERRNPDUNLQWKH)DYRULWHV
FDURXVHOGLVSOD\
7KHIDYRULWHLVRSHQHG
 ,QWHUQHW
2QOLQHDQG,QWHUQHW
0HQXIXQFWLRQV
&DOOLQJXSWKHPHQX
C&ORVHVWKHEURZVHU
D%DFN
)RUZDUGV
5HIUHVKHVFDQFHOV
85/HQWU\
)DYRULWHV
k&ORVHVWKHZLQGRZ
7RVKRZWKHPHQXSUHVVWKH8EXWWRQ
7RFDOOXSWKH2SWLRQVPHQXVHOHFW2SWLRQVZKHQWKHVKRUWFXWLVGLVSOD\HGWXUQDQG
SUHVVWKHFRQWUROOHU
7RFORVHWKHZHEVLWHVHOHFW9
7KH,QWHUQHWEURZVHULVFORVHG
7RFDOOXSWKHSUHYLRXVZHEVLWHVHOHFW
7RFDOOXSWKHQH[WZHEVLWHVHOHFW
7RUHIUHVKWKHZHEVLWHVHOHFW
7KHZHEVLWHLVUHIUHVKHG7KLVSURFHGXUHPD\WDNHVRPHWLPH
G:KLOHWKHZHEVLWHLVORDGLQJDFURVVDSSHDUVLQWKHPHQXEDU7KLVFDQEHXVHGWRFDQFHO
WKHORDGLQJSURFHGXUH
7RHQWHUD85/VHOHFW
(QWHUDZHEDGGUHVV85/SDJH
)DYRULWHVVHOHFW}
7KH)DYRULWHVPHQXDSSHDUVSDJH
7RFORVHWKHDFWLYHZLQGRZVHOHFWV
7KHFXUUHQWZLQGRZLVFORVHG
,QWHUQHW 
2QOLQHDQG,QWHUQHW
2SWLRQVPHQX
2SHQLQJLQDQHZZLQGRZ
G,QRUGHUWREHDEOHWRXVHWKLVIXQFWLRQ
WKHFXUVRUPXVWEHRQDOLQN
&DOOXSWKHPHQXSDJH
7RVHOHFW
2SHQLQ1HZ:LQGRZ
WXUQDQG
SUHVVWKHFRQWUROOHU
7KHZHEVLWHLVRSHQHGLQDQHZZLQGRZ
$GGLQJWRERRNPDUNV
$GGVWKHFXUUHQWZHEVLWHWRWKHIDYRULWHV7KH
ZHEVLWHFDQWKHQEHFDOOHGXSXVLQJWKH
FDURXVHOYLHZ<RXFDQVDYHXSWRIDYRULWHV
LQWKHFDURXVHOYLHZ
&DOOXSWKHPHQXSDJH
7RVHOHFW
$GGWR%RRNPDUNV
WXUQDQG
SUHVVWKHFRQWUROOHU
$SURPSWDSSHDUV
6HOHFW
$GG%RRNPDUN$OO6HDWV
RU
$GG%RRNPDUN6HDW
7KH
7KHZHEVLWHZDVDGGHGWR
ERRNPDUNV
PHVVDJHDSSHDUV
&XUUHQW85/
&DOOXSWKHPHQXSDJH
7RVHOHFW
&XUUHQW85/
WXUQDQGSUHVVWKH
FRQWUROOHU
7KH85/DSSHDUV
=RRP
<RXFDQXVHWKLVIXQFWLRQWRHQODUJHZHE
SDJHV
&DOOXSWKHPHQXSDJH
7RVHOHFW
=RRP
WXUQDQGSUHVVWKH
FRQWUROOHU
7KH;GRWLQGLFDWHVWKHFXUUHQWVHWWLQJ
7RQDYLJDWHRQWKHZHESDJHVOLGHR
RdRURxWKHFRQWUROOHU
7R]RRPLQRQWKHZHESDJHWXUQWKH
FRQWUROOHU
-XPSLQJIURPOLQNWROLQN
<RXFDQXVHWKLVIXQFWLRQWRVNLSIURPRQHOLQN
WRWKHQH[WRQDZHEVLWH
&DOOXSWKHPHQXSDJH
7RVHOHFW
-XPSIURP/LQNWR/LQN
WXUQ
DQGSUHVVWKHFRQWUROOHU
7KH;GRWLQGLFDWHVWKHFXUUHQWVHWWLQJ
7RVNLSIURPOLQNWROLQNWXUQWKHFRQWUROOHU
7RVHOHFWWKHGHVLUHGOLQNSUHVVWKH
FRQWUROOHU
7KHOLQNLVFDOOHGXS
'LUHFWLRQDOVFUROOLQJ
<RXFDQXVHWKLVIXQFWLRQWRVFUROOXSDQG
GRZQRQWKHZHESDJH
&DOOXSWKHPHQXSDJH
7RVHOHFW
'LUHFWLRQDO6FUROOLQJ
WXUQ
DQGSUHVVWKHFRQWUROOHU
7KH;GRWLQGLFDWHVWKHFXUUHQWVHWWLQJ
7RQDYLJDWHRQWKHZHESDJHWXUQWKH
FRQWUROOHU
)XUWKHUVHWWLQJV
7KHVHWWLQJVDUHGHVFULEHGLQDVHSDUDWH
VHFWLRQSDJH
)DYRULWHV
,QWURGXFWLRQ
)DYRULWHVDUHIUHTXHQWO\YLVLWHGZHEVLWHV
<RXKDYHWKHIROORZLQJRSWLRQVIRUFUHDWLQJD
IDYRULWH
=LQWKHFDURXVHOYLHZSDJH
=YLDWKHPHQXLWHP
$GGWR
%RRNPDUNV
SDJH
%HIRUHFUHDWLQJDIDYRULWHLQWKHFDURXVHO
YLHZ\RXPXVWILUVWFORVHDFWLYHFRQQHFWLRQV
SDJH
<RXFDQVHOHFWDQGHGLWIDYRULWHVWKDW\RX
KDYHFUHDWHG
 ,QWHUQHW
2QOLQHDQG,QWHUQHW
&UHDWLQJIDYRULWHV
&UHDWLQJIDYRULWHVLQWKHFDURXVHOYLHZ
&DOOXSWKH,QWHUQHWFDURXVHOYLHZ
SDJH
7RVHOHFWWKH0\,QWHUQHW%RRNPDUNV
WLOHWXUQDQGSUHVVWKHFRQWUROOHU
7KH)DYRULWHVFDURXVHODSSHDUV
7RVHOHFW&UHDWH%RRNPDUNVOLGH
WXUQDQGSUHVVWKHFRQWUROOHU
$QLQSXWPHQXDSSHDUV
(QWHUWKHZHEDGGUHVV85/DQGQDPH
XVLQJHLWKHUWKHFKDUDFWHUEDURUWKH
QXPEHUNH\SDGDQGVHOHFWT&KDUDFWHU
HQWU\SDJH
7KHIDYRULWHKDVEHHQFUHDWHG
$GGLQJDIDYRULWHYLDWKHPHQX
:KHQDZHEVLWHLVGLVSOD\HGFDOOXSWKH
PHQXSDJH
6HOHFW$GGWR%RRNPDUNVSDJH
6HOHFWLQJIDYRULWHV
&DOOXSWKH,QWHUQHWFDURXVHOYLHZ
SDJH
7RVHOHFWWKH0\,QWHUQHW%RRNPDUNV
WLOHWXUQDQGSUHVVWKHFRQWUROOHU
7KH)DYRULWHVFDURXVHODSSHDUV
6HOHFWWKHGHVLUHGERRNPDUNIURPWKH
FDURXVHOGLVSOD\
7KHIDYRULWHLVRSHQHGLQDQHZZLQGRZ
(GLWLQJIDYRULWHV
&DOOXSWKH,QWHUQHWFDURXVHOYLHZ
SDJH
7RVHOHFWWKH0\,QWHUQHW%RRNPDUNV
WLOHWXUQDQGSUHVVWKHFRQWUROOHU
6HOHFWWKHGHVLUHGIDYRULWHV
7RVHOHFW(GLWVOLGHDQGSUHVVWKH
FRQWUROOHU
$QLQSXWPHQXDSSHDUV
(QWHUWKHZHEDGGUHVV85/DQGQDPH
XVLQJHLWKHUWKHFKDUDFWHUEDURUWKH
QXPEHUNH\SDGSDJH
'HOHWLQJIDYRULWHV
&DOOXSWKH,QWHUQHWFDURXVHOYLHZ
SDJH
7RVHOHFWWKH0\,QWHUQHW%RRNPDUNV
WLOHWXUQDQGSUHVVWKHFRQWUROOHU
6HOHFWWKHGHVLUHGIDYRULWHV
7RVHOHFW'HOHWHVOLGHDQGSUHVVWKH
FRQWUROOHU
$SURPSWDSSHDUV
6HOHFW<HVRU1R
,I\RXVHOHFW<HVWKHIDYRULWHLVGHOHWHG
,I\RXVHOHFW1RWKHSURFHVVZLOOEH
FDQFHOHG
6HWWLQJV
6HWWLQJVPHQX
&DOOXSWKHPHQXSDJH
7RVHOHFW2SWLRQVWXUQDQGSUHVVWKH
FRQWUROOHU
$PHQXDSSHDUV
6HOHFW6HWWLQJV
<RXFDQDFWLYDWHGHDFWLYDWHWKHIROORZLQJ
VHWWLQJV
='RZQORDG,PDJHV$XWRPDWLFDOO\
,WPD\WDNHVRPHWLPHWRGRZQORDGWKH
FRQWHQWVRIZHEVLWHVWKDWFRQWDLQDODUJH
,QWHUQHW 
2QOLQHDQG,QWHUQHW
DPRXQWRILPDJHV7KHUHIRUHLWPD\EH
XVHIXOWRGHDFWLYDWHWKLVRSWLRQ
=
%ORFN3RS8SV
3RSXSVDUHZLQGRZVXVXDOO\ZLWK
DGYHUWLVHPHQWVZKLFKDUHGLVSOD\HG
DXWRPDWLFDOO\ZKHQ\RXFDOOXSDZHEVLWH
<RXFDQEORFNWKHVHGLVSOD\V
=
$FWLYDWH-DYDVFULSW
-DYDVFULSWPDNHVLWSRVVLEOHWRGLVSOD\DQG
LQWHUDFWZLWKG\QDPLFFRQWHQWRQWKH
ZHEVLWH
=
$OORZ&RRNLHV
6RPHZHEVLWHVVDYHLQIRUPDWLRQLQVPDOO
WH[WILOHVFRRNLHVLQ&20$1'<RXFDQ
GHWHUPLQHZKHWKHUFRRNLHVPD\EHVWRUHG
=
$FWLYDWH,QWHUQHWDXGLR
<RXFDQVZLWFKWKHEURZVHUVDXGLR
SOD\EDFNRQRURIIKHUH
=
+LGHWKH6FUROO%DU
<RXFDQVKRZRUKLGHWKHVFUROOEDUKHUH
=
'LVSOD\/LQN7DUJHW
<RXFDQGLVSOD\WKHOLQNV85/KHUH
=
&KDUDFWHU6L]H
<RXFDQVHOHFWWKHIRQWVL]HZKLFKLVXVHG
ZKHQGLVSOD\LQJWKHZHEVLWH
=
&KDUDFWHU&RGH
<RXFDQVHOHFWDGLIIHUHQWFKDUDFWHUVHW
KHUHHJLIWKHFKDUDFWHUVRIDZHEVLWH
DSSHDUGLVWRUWHG
&KDQJLQJVHWWLQJV
6HOHFWWKHGHVLUHGVHWWLQJ
6ZLWFKWKHVHWWLQJRQsRURIIS
6HOHFW
&KDUDFWHU6L]H
RU
&KDUDFWHU
&RGH
7KHFRQWUROOHUFDQEHXVHGWRPDNH
LQGLYLGXDOVHWWLQJV
G,I\RXFKDQJHWKHVHWWLQJVWKHZHEVLWHV
PD\QRWEHGLVSOD\HGFRUUHFWO\
'HOHWLQJSULYDWHGDWD
&DOOXSWKHFDURXVHOYLHZSDJH
7RVHOHFW
6HWWLQJV
VOLGHWXUQDQG
SUHVVWKHFRQWUROOHU
$PHQXDSSHDUV
7RVHOHFW
'HOHWH3ULYDWH'DWD
WXUQWKH
FRQWUROOHUDQGSUHVVWRFRQILUP
6HOHFWWKHGHVLUHGVHWWLQJ
7KH;GRWLQGLFDWHVWKHFXUUHQWVHWWLQJ
RU
6HOHFW
'HOHWHDOO'DWDRQ([LWLQJ
6ZLWFKWKHVHWWLQJRQsRURIIS
2SWLRQ )XQFWLRQ
$OO
'HOHWHVDOOSULYDWH
GDWD
&DFKH
'HOHWHVGDWDLQWKH
FDFKH
&RRNLHV
'HOHWHVFRRNLHVWKDW
DUHFUHDWHGE\
ZHEVLWHVZKLFK\RX
KDYHFDOOHGXS
85/+LVWRU\
'HOHWHVDOOZHEVLWHV
YLVLWHGSDWK
s
'HOHWHDOO
GDWDRQH[LWLQJ
,IWKLVIXQFWLRQLV
DFWLYDWHGsDOO
SULYDWHGDWDLV
GHOHWHGZKHQ\RX
H[LWWKH,QWHUQHW
EURZVHU
 ,QWHUQHW
2QOLQHDQG,QWHUQHW
G,I\RXUHVHW&20$1'2QOLQHWRWKH
IDFWRU\VHWWLQJVUHVHWIXQFWLRQWKHVHGDWD
DQGVHWWLQJVDUHGHOHWHGSDJH
&ORVLQJWKH,QWHUQHWEURZVHU
6HOHFW8LQWKHEURZVHUPHQX
SDJH
RU
3UHVVWKH8EXWWRQIRUORQJHUWKDQWZR
VHFRQGV
$SURPSWDSSHDUVDVNLQJZKHWKHU\RXZLVK
WRFORVHWKH,QWHUQHWEURZVHU
6HOHFW<HVRU1R
$IWHUVHOHFWLQJ<HVWKHDSSOLFDWLRQLV
FORVHG
,I\RXVHOHFW1RWKHSURFHVVZLOOEH
FDQFHOHG
,QWHUQHW 
2QOLQHDQG,QWHUQHW

5DGLRPRGH 
6DWHOOLWHUDGLR 

5DGLR
5DGLRPRGH
5DGLRRYHUYLHZ
7RDFWLYDWHWKHPDLQIXQFWLRQDQGPHQXEDULQUDGLRPRGHVOLGHRdWKHFRQWUROOHU
C0DLQIXQFWLRQEDU
D6WDWXVEDUZLWKFRPSDVVGLVSOD\
0DLQGLVSOD\ILHOGZLWKDYDLODEOHVWDWLRQVDQGDGGLWLRQDOGLVSOD\V
'LVSOD\RIUDGLRVWDWLRQVHOHFWHG
5DGLRPHQXEDU
&OLPDWHFRQWUROVWDWXVEDU
k&RQWH[WGLVSOD\ZLWKDGGLWLRQDOLQIRUPDWLRQ
5DGLRPHQXRYHUYLHZ
5DGLRPDLQIXQFWLRQEDU
=
+')0UDGLR
+')0UDGLRPRGH
=
+'$0UDGLR
+'6:0:UDGLRPRGH
=
6DWUDGLR
6DWHOOLWHUDGLR
=
5DGLR3UHVHW0HPRU\
SUHVHWSRVLWLRQVIRUUDGLRVWDWLRQV
=
5DGLR,QIRUPDWLRQ
'LJLWDO2SHUDWRUV0DQXDO
=
,QWHUQHW5DGLR
:HEUDGLR
5DGLRPHQXEDU
=
2SWLRQV
7DJWKLVWUDFN
6DYHVWUDFNLQIRUPDWLRQRQDQ$SSOHGHYLFH
IRUDODWHUSXUFKDVHRSWLRQYLDL7XQHV
=
2SWLRQV
(QWHUIUHTXHQF\
0DQXDOIUHTXHQF\HQWU\
=
2SWLRQV
&XUUHQWVWDWLRQFKDQQHO
OLVWLQJ
/LVWRIDYDLODEOHVWDWLRQV
=
2SWLRQV
6WDUWDWDGLIIHUHQWVHDW
6WDUWVUDGLRDWDGLIIHUHQWVHDW
=
2SWLRQV
(GLW
6HOHFWVDQGHGLWVVWDWLRQSUHVHWV
=Ó
6HDUFKHVIRUVWDWLRQE\QDPH
=
:DYHEDQG
6HOHFWVWKHUDGLRZDYHEDQG
=
,QIR
 5DGLRPRGH
5DGLR
'LVSOD\VDGGLWLRQDOLQIRUPDWLRQDERXWWKH
FXUUHQWVWDWLRQFKDQQHOUDGLRWH[W
=6RXQG
6RXQGVHWWLQJV%XUPHVWHUVRXQG
6ZLWFKLQJRQ+')0RU+'$0UDGLR
PRGH
8VLQJWKHIXQFWLRQEXWWRQ
3UHVVWKH*EXWWRQ
7KHUDGLRGLVSOD\DSSHDUV
<RXZLOOKHDUWKHODVWVWDWLRQSOD\HGRQWKH
ODVWZDYHEDQG
6HWWLQJWKHZDYHEDQG
8VLQJWKHIXQFWLRQEXWWRQ
3UHVVWKH*EXWWRQDJDLQ
<RXVZLWFKEHWZHHQ+')0UDGLR$0
UDGLR5DGLRVWDWLRQPHPRULHV,QIR
RQUDGLRDQG,QWHUQHWUDGLR
$GGLWLRQDOVHWWLQJRSWLRQV
8VLQJWKHPDLQIXQFWLRQEDU
,QUDGLRPRGHVOLGHRWKHFRQWUROOHU
7KHUDGLRPDLQIXQFWLRQEDUDQGPHQXEDU
DSSHDU5DGLRLVDFWLYH
3UHVVWKHFRQWUROOHU
7KHFDURXVHOPHQXDSSHDUVZLWKD
VHOHFWLRQRI+')0UDGLR+'$0UDGLR
5DGLRVWDWLRQPHPRULHV,QIRRQ
UDGLRDQG,QWHUQHWUDGLR
7XUQWKHFRQWUROOHUXQWLOWKHUHTXLUHG
ZDYHEDQGLVLQWKHFHQWHU
8VLQJWKHUDGLRPHQXEDU
,QUDGLRPRGHVOLGHRdWKHFRQWUROOHU
7KHUDGLRPDLQIXQFWLRQEDUDQGPHQXEDU
DSSHDU
7RVHOHFWWKH:DYHEDQGWXUQWKHFRQWUROOHU
DQGSUHVVWRFRQILUP
7KHFDURXVHOPHQXDSSHDUVZLWKD
VHOHFWLRQRI+')0UDGLR+'$0UDGLR
5DGLRVWDWLRQPHPRULHV,QIRRQ
UDGLRDQG,QWHUQHWUDGLR
7XUQWKHFRQWUROOHUXQWLOWKHUHTXLUHG
ZDYHEDQGLVLQWKHFHQWHU
6HOHFWLQJDVWDWLRQ
)URPWKHPDLQGLVSOD\ILHOG
$OOFXUUHQWO\DYDLODEOHVWDWLRQVDUHGLVSOD\HG
7XUQWKHFRQWUROOHUXQWLOWKHUHTXLUHG
VWDWLRQLVLQWKHFHQWHU
$GGLWLRQDOVHWWLQJRSWLRQV
)URPWKHVWDWLRQOLVW
G7KHVWDWLRQOLVWLVDYDLODEOHLQWKH+'$0
DQG+')0ZDYHEDQGV,WLQFOXGHVDOO
VWDWLRQVWKDWFDQEHUHFHLYHG
5DGLRPRGH 
5DGLR
,QUDGLRPRGHSUHVVWKHFRQWUROOHU
7KHVWDWLRQOLVWDSSHDUVZLWKWKHVWDWLRQV
FXUUHQWO\DYDLODEOH
7RVHOHFWWKHGHVLUHGVWDWLRQWXUQDQG
SUHVVWKHFRQWUROOHU
8VLQJIUHTXHQF\HQWU\
,QUDGLRPRGHVOLGHRdWKHFRQWUROOHU
7KHUDGLRPHQXEDUDSSHDUV
7RVHOHFW
2SWLRQV
WXUQDQGSUHVVWKH
FRQWUROOHU
6HOHFW
(QWHU)UHTXHQF\
(QWHUWKHVWDWLRQIUHTXHQF\LQWKHHQWU\
ILHOGXVLQJWKHWHOHSKRQHNH\SDGRU
&20$1'UHPRWHFRQWURODQGSUHVVWKH
FRQWUROOHU
8VLQJWKHVHDUFKIXQFWLRQ
,QUDGLRPRGHVOLGHRdWKHFRQWUROOHU
7KHUDGLRPHQXEDUDSSHDUV
6HOHFWÓDQGHQWHUWKHILUVWOHWWHUVRIWKH
UHTXLUHGVWDWLRQXVLQJWKHFRQWUROOHU
$VVRRQDVHQRXJKFKDUDFWHUVKDYHEHHQ
HQWHUHG&20$1'VKRZVDOLVWRIWKH
DYDLODEOHVWDWLRQV
7RVHOHFWVWDWLRQVIURPWKHOLVWWXUQWKH
FRQWUROOHUDQGSUHVVWRFRQILUP
8VLQJVWDWLRQSUHVHWV
4XLFNVHWWLQJ
%ULHIO\SUHVVDQXPEHUNH\HJ
7KHVWDWLRQVWRUHGLQVHFRQGSODFHLVVHW
7DJJLQJPXVLFWUDFNV
,IDQ$SSOHGHYLFHLVFRQQHFWHGWKHPXVLF
WUDFNVDQGDUWLVWGLVSOD\HGLQWKHUDGLRWH[W
FDQEHVWRUHG8VLQJL7XQHV\RXKDYHWKH
RSWLRQRISXUFKDVLQJWKLVWUDFN
,QUDGLRPRGHVOLGHRdWKHFRQWUROOHU
6HOHFW
2SWLRQV
6HOHFW
7DJ7KLV7UDFN
$PHVVDJHDSSHDUVLQ&20$1'DERXW
VWRULQJWKHWUDFNLQIRUPDWLRQ
6WDWLRQOLVW
G7KHVWDWLRQOLVWLVRQO\DYDLODEOHLQWKH)0
$0ZDYHEDQG,WLQFOXGHVDOO)0DQG$0
VWDWLRQVWKDWFDQFXUUHQWO\EHUHFHLYHG
,QUDGLRPRGHSUHVVWKHFRQWUROOHU
7KHVWDWLRQOLVWDSSHDUVZLWKWKHVWDWLRQV
FXUUHQWO\DYDLODEOH
6WRULQJDVWDWLRQ
G7KHPRVWLPSRUWDQWVWDWLRQVIRU\RXU
UHJLRQDUHDOUHDG\VDYHGLQ&20$1'
7KHUHDUHSUHVHWSRVLWLRQVDYDLODEOH
6WRULQJFXUUHQWVWDWLRQV
,QUDGLRPRGHVOLGHRdWKHFRQWUROOHU
7RVHOHFW
2SWLRQV
WXUQDQGSUHVVWKH
FRQWUROOHU
6HOHFW
(GLW
6HOHFWWKHSRVLWLRQRIWKHUHTXLUHGSUHVHW
WXUQWKHFRQWUROOHU
 5DGLRPRGH
5DGLR
7KLVFDQDOVREHDSUHVHWSRVLWLRQWKDWLV
DOUHDG\RFFXSLHGZKLFKLVWKHQRYHUZULWWHQ
E\WKHFXUUHQWVWDWLRQ
6OLGHRWKHFRQWUROOHU
$QDGGLWLRQDOPHQXDSSHDUV
7RVHOHFWWKH6DYH&XUUHQW6WDWLRQ
&KDQQHORSWLRQWXUQDQGSUHVVWKH
FRQWUROOHU
7KHFXUUHQWO\VHWVWDWLRQLVVWRUHGLQWKH
VHOHFWHGSUHVHWSRVLWLRQ$WRQHVLJQDOVD
VXFFHVVIXOSUHVHWHQWU\
0RYLQJPDUNHGVWDWLRQV
,QUDGLRPRGHVOLGHRdWKHFRQWUROOHU
7RVHOHFW2SWLRQVWXUQDQGSUHVVWKH
FRQWUROOHU
6HOHFW(GLW
7RVHOHFWWKHUHTXLUHGSUHVHWHQWU\WXUQWKH
FRQWUROOHU
6OLGHRWKHFRQWUROOHU
$QDGGLWLRQDOPHQXDSSHDUV
7RVHOHFWWKH0RYH+LJKOLJKWHG
6WDWLRQ&KDQQHORSWLRQWXUQWKH
FRQWUROOHUDQGSUHVVWRFRQILUP
7KHOLVWRIVWRUHGVWDWLRQVDSSHDUVDJDLQ
7RPRYHWKHPDUNHGVWDWLRQWRWKHQHZ
SRVLWLRQWXUQWKHFRQWUROOHUDQGSUHVVWR
FRQILUP
$WRQHVLJQDOVWKHVXFFHVVIXOWUDQVIHURIWKH
VWDWLRQWRWKHQHZSRVLWLRQLQWKHVWRUDJH
OLVW
'HOHWLQJPDUNHGVWDWLRQV
,QUDGLRPRGHVOLGHRdWKHFRQWUROOHU
7RVHOHFW2SWLRQVLQWKHUDGLRPHQXEDU
WXUQDQGSUHVVWKHFRQWUROOHU
6HOHFW(GLW
7RVHOHFWWKHUHTXLUHGSUHVHWHQWU\WXUQWKH
FRQWUROOHU
6OLGHRWKHFRQWUROOHU
7RVHOHFWWKH'HOHWH+LJKOLJKWHG
6WDWLRQ&KDQQHORSWLRQLQWKHDGGLWLRQDO
PHQXWXUQDQGSUHVVWKHFRQWUROOHU
$WRQHVLJQDOVWKHVXFFHVVIXOGHOHWLRQRI
WKHVWDWLRQIURPWKHOLVW
4XLFNVDYH
3UHVVDQGKROGDQXPEHUEXWWRQHJ
XQWLO\RXKHDUDWRQH7KHVWDWLRQLV
VDYHGWRVHFRQGSODFHLQWKHUDGLRVWDWLRQ
SUHVHWV
&DOOLQJXSVRXQGVHWWLQJV
,QUDGLRPRGHVOLGHRdWKHFRQWUROOHU
7RVHOHFW6RXQGLQWKHUDGLRPHQXEDUWXUQ
DQGSUHVVWKHFRQWUROOHU
7KHVRXQGPHQXDSSHDUVSDJH
5DGLRWH[WUDGLRWH[WSOXV
7KLVIXQFWLRQLVDYDLODEOHLQ)0$0UDGLR
PRGH
5DGLRWH[WLVDGGLWLRQDOGDWDPHWDGDWDRU
VLPLODUWKDWLQDGGLWLRQWRGLVSOD\LQJWKHDUWLVW
DQGWUDFNDOVRLQFOXGHVLQIRUPDWLRQRQWKH
FXUUHQWSURJUDP
,IWKHVWDWLRQVXSSRUWVUDGLRWH[WSOXVWKH
DUWLVWDQGWUDFNDUHGLVSOD\HG
7RVZLWFKRQUDGLRWH[WLQUDGLRPRGHVOLGH
RdWKHFRQWUROOHU
7KH5DGLRPHQXEDULVVKRZQ
7RVHOHFW,QIRWXUQWKHFRQWUROOHUDQG
SUHVVWRFRQILUP
:LWKDQDFWLYH,QIREXWWRQDODUJHUYLHZRI
WKHUDGLRVWDWLRQVHWZLOOEHVKRZQWRJHWKHU
ZLWKUDGLRWH[WLQIRUPDWLRQLQSODFHRIWKHOLVW
RIVWDWLRQV7KHIUHTXHQF\LVYLVLEOHLQWKH
FRQWH[WGLVSOD\
5DGLRPRGH 
5DGLR
7RVZLWFKRQUDGLRWH[WSOXVLQUDGLRPRGH
VOLGHRdWKHFRQWUROOHU
7KH5DGLRPHQXEDULVVKRZQ
6HOHFW
,QIR
7KHGLVSOD\VZLWFKHVEDFNWRWKHUDGLR
VWDWLRQRYHUYLHZZLWKUDGLRWH[W
LQIRUPDWLRQ
6DWHOOLWHUDGLR
 6DWHOOLWHUDGLR
5DGLR
<RXU&20$1'HTXLSPHQW 
$FWLYDWLQJPHGLDPRGH 
$XGLRYLGHRPRGH 
0HGLDVHDUFK 
0(',$5(*,67(5 
%OXHWRRWKDXGLRPRGH 
2SHUDWLRQZLWKWKH0HGLD,QWHUIDFH 
$XGLR$8;PRGH 
$8;YLGHRPRGH 
9LGHR'9'PRGH 
3LFWXUHYLHZHU 

0HGLD
<RXU&20$1'HTXLSPHQW
7KHVHRSHUDWLQJLQVWUXFWLRQVGHVFULEHDOO
VWDQGDUGDQGRSWLRQDOHTXLSPHQWDYDLODEOH
IRU\RXU&20$1'V\VWHPDWWKHWLPHRI
SXUFKDVH&RXQWU\VSHFLILFGLIIHUHQFHVDUH
SRVVLEOH3OHDVHQRWHWKDW\RXU
&20$1'V\VWHPPD\QRWEHHTXLSSHGZLWK
DOOWKHIHDWXUHVGHVFULEHG7KLVDOVRDSSOLHVWR
VDIHW\UHOHYDQWV\VWHPVDQGIXQFWLRQV
7KHUHIRUHWKHHTXLSPHQWRQ\RXU&20$1'
V\VWHPPD\GLIIHUIURPWKDWLQWKH
GHVFULSWLRQVDQGLOOXVWUDWLRQV6KRXOG\RX
KDYHDQ\TXHVWLRQVFRQFHUQLQJHTXLSPHQW
DQGRSHUDWLRQSOHDVHFRQVXOWDQDXWKRUL]HG
0HUFHGHV%HQ]&HQWHU
$FWLYDWLQJPHGLDPRGH
*HQHUDOQRWHV
7KHUHDUHVHYHUDOZD\VWRDFWLYDWHPHGLD
VRXUFHVXVLQJ&20$1'
7KHUHOHYDQWVHFWLRQVRIWKH2SHUDWRUV
0DQXDOGHVFULEHWKHVLPSOHVWZD\WRDFWLYDWH
DPHGLDVRXUFH
7KLVVHFWLRQGHVFULEHVDOORSWLRQVIRU
DFWLYDWLQJPHGLDVRXUFHV
8VLQJWKH0(',$EXWWRQ
3UHVVWKHýEXWWRQ
7KHPHQXIRUWKHODVWDFFHVVHGPHGLD
VRXUFHDSSHDUV
7RVHOHFWWKHPHGLDVRXUFHNHHSSUHVVLQJ
WKHýEXWWRQXQWLOWKHUHTXLUHGPHGLD
VRXUFHKDVEHHQVHW
7KHPHGLDVRXUFHVDSSHDULQWKHIROORZLQJ
RUGHU
=&''9'
=0HPRU\FDUG
=0HGLD5HJLVWHU
=86%
=0HGLD,QWHUIDFH
=86%
=0HGLD,QWHUIDFH
=%7DXGLR
=79LI\RXUYHKLFOHLVHTXLSSHGZLWKD79
=$8;
,ISOD\DEOHPXVLFILOHVDUHIRXQGWKH\ZLOO
EHSOD\HGE\&20$1'
7RGLVSOD\WKHIXQFWLRQEDUVVOLGHWKH
FRQWUROOHU
6ZLWFKLQJRQDXWRPDWLFDOO\
:KHQDQH[WHUQDOPHGLDVRXUFHLV
FRQQHFWHGWKLVPHGLDPRGHLV
DXWRPDWLFDOO\VZLWFKHGRQE\&20$1'
([WHUQDOPHGLDVRXUFHV
=$SSOHGHYLFHVHJL3KRQH
=86%GHYLFHVHJ86%VWLFN03SOD\HU
=6'FDUGV
=YLD$8;FDEOHDXWRPDWLFDFWLYDWLRQ
GHSHQGVRQWKHGHYLFHFRQQHFWHG
=YLDGHYLFHVFRQQHFWHGE\%OXHWRRWK
,ISOD\DEOHPXVLFILOHVDUHIRXQGWKH\ZLOO
EHSOD\HGE\&20$1'
G,IDPHGLDIXQFWLRQLVDOUHDG\VZLWFKHGRQ
LQ&20$1'WKLVZLOOEHLQWHUUXSWHGDQGWKH
EDVLFGLVSOD\RIWKHQHZO\FRQQHFWHG
GHYLFHZLOODSSHDU
,IDQRWKHUIXQFWLRQVXFKDVQDYLJDWLRQLV
RSHUDWLQJWKHEDVLFGLVSOD\ZLOOQRWFKDQJH
2QO\WKHPXVLFIURPWKHQHZO\FRQQHFWHG
PHGLDVRXUFHZLOOSOD\
8VLQJWKHPDLQIXQFWLRQEDU
 $FWLYDWLQJPHGLDPRGH
0HGLD
7RVHOHFW0HGLDWXUQWKHFRQWUROOHUDQG
SUHVVWRFRQILUP
7KHPHQXDSSHDUVZLWKWKHDYDLODEOHPHGLD
VRXUFHV
6HOHFWWKHPHGLDVRXUFH
,IWKHPHGLDVRXUFHFRQWDLQVPXVLFRUYLGHR
ILOHVWKHVHZLOOEHSOD\HG7KH
FRUUHVSRQGLQJEDVLFPHQXZLOOEHVKRZQ
8VLQJWKHQXPEHUNH\SDG
G,I\RXWRXFKDNH\LQWKHWRXFKVHQVLWLYH
QXPEHUNH\SDGWKHQXPEHUILHOGLV
GLVSOD\HGLQWKHDGGLWLRQDOGLVSOD\DUHD
7RXFKDQ\QXPEHUNH\ZKHQLQPHGLD
PRGH
7KHQXPEHUILHOGLVVKRZQ7KHDFWLYH
PHGLDVRXUFHLVKLJKOLJKWHG
7RVHOHFWDPHGLDVRXUFHSUHVVWKH
FRUUHVSRQGLQJQXPEHUNH\
,IWKHPHGLDVRXUFHFRQWDLQVPXVLFRUYLGHR
ILOHVWKHVHZLOOEHSOD\HG7KH
FRUUHVSRQGLQJEDVLFPHQXZLOOEHVKRZQ
7RVHOHFWDWUDFNIURPWKHDFWLYHPHGLD
VRXUFHSUHVVWKH}NH\RQWKHQXPEHU
NH\SDG
$QLQSXWILHOGDSSHDUV
7RHQWHUDWUDFNQXPEHUXVHWKHQXPEHU
NH\SDGWRHQWHUWKHGHVLUHGQXPEHUV
7KHWUDFNLVSOD\HG
7RVKRZWUDFNLQIRUPDWLRQSUHVVWKH
NH\RQWKHQXPEHUNH\SDG
$QDGGLWLRQDOILHOGDSSHDUVZLWKWKHWUDFN
LQIRUPDWLRQ
8VLQJWKHGHYLFHOLVW
,QPHGLDPRGHVOLGHRdWKHFRQWUROOHU
7KHPHGLDPHQXEDUDSSHDUV
7RVHOHFW'HYLFHVWXUQWKHFRQWUROOHUDQG
SUHVVWRFRQILUP
7KHDYDLODEOHPHGLDVRXUFHVZLOOEHVKRZQ
7KH6GRWLQGLFDWHVWKHFXUUHQWVHWWLQJ
6HOHFWWKHPHGLDVRXUFH
,IWKHPHGLDVRXUFHFRQWDLQVPXVLFRUYLGHR
ILOHVWKHVHZLOOEHSOD\HG7KH
FRUUHVSRQGLQJEDVLFPHQXZLOOEHVKRZQ
6WDUWDWDGLIIHUHQWVHDW
,QPHGLDPRGHVOLGHRdWKHFRQWUROOHU
7KHPHGLDPHQXEDUDSSHDUV
7RVHOHFW2SWLRQVWXUQDQGSUHVVWKH
FRQWUROOHU
6HOHFW6WDUW$SSOLFDWLRQDW2WKHU
6HDW
$QRWKHUPHQXDSSHDUVZLWKWKHRSWLRQRI
VHWWLQJWKHPHGLDVRXUFHWR5HDU5LJKWRU
5HDU/HIW
$FWLYDWLQJPHGLDPRGH 
0HGLD
8VH
$GGLWLRQDO2SWLRQV
WRRSHUDWHWKH
SDUHQWDOFRQWUROVFUHHQIRUVHOHFWHGVHDWV
SDJH
7RVHWWKHPHGLDVRXUFHWR
5HDU5LJKW
IRU
H[DPSOHWXUQDQGSUHVVWKHFRQWUROOHU
$XGLRYLGHRPRGH
,PSRUWDQWVDIHW\QRWHV
:$51,1*
7KH&''9'GULYHLVDFODVVODVHUSURGXFW
,I\RXRSHQWKH&''9'GULYHKRXVLQJ\RX
FRXOGEHH[SRVHGWRLQYLVLEOHODVHUUDGLDWLRQ
7KLVODVHUUDGLDWLRQFRXOGGDPDJH\RXUUHWLQD
7KHUHLVDULVNRILQMXU\
1HYHURSHQWKHKRXVLQJ$OZD\VKDYH
PDLQWHQDQFHDQGUHSDLUZRUNFDUULHGRXWDWD
TXDOLILHGVSHFLDOLVWZRUNVKRS
:$51,1*
2QO\ZKHQWKHYHKLFOHLVVWDWLRQDU\VKRXOG
\RX
=LQVHUWDGDWDFDUULHU
=HMHFWDGLVF
7KHUHLVDULVNRIEHLQJGLVWUDFWHGIURPWKH
URDGDQGWUDIILFFRQGLWLRQVLI\RXLQVHUWRU
HMHFWDGLVFZKLOHWKHYHKLFOHLVLQPRWLRQ
,QVHUWLQJDQGUHPRYLQJDGLVFIURP
WKHVLQJOH&''9'GULYH
%HIRUHLQVHUWLQJD&''9'HQVXUHWKDWWKH
FXSKROGHULVHPSW\DQGWKHVSUD\JXDUGIODS
LVRSHQ
7RLQVHUWSUHVVWKHøEXWWRQRQWKH
VLQJOHGULYH
,IWKHUHLVDGLVFDOUHDG\LQVHUWHGLWZLOOEH
HMHFWHG
,QVHUWDGLVFLQWRWKHGLVFVORWZLWKWKH
SULQWHGVLGHIDFLQJXSZDUGV
7KHGULYHFORVHVDQGWKHGLVFLVSOD\HG
,IWKH&''9'LVRSHUDWHGLQ0HGLDPRGH
WKHFRUUHVSRQGLQJEDVLFPHQXZLOOEH
VKRZQ,IWKH&''9'LVVWDUWHGXVLQJ
DQRWKHUDSSOLFDWLRQHJQDYLJDWLRQWKH
GLVSOD\ZLOOQRWFKDQJH
G7KHGULYHPD\QRWEHDEOHWRSOD\GLVFV
ZLWKFRS\SURWHFWLRQ
7RUHPRYHSUHVVWKHøEXWWRQ
7KHGULYHHMHFWVWKHGLVF
5HPRYHWKHHMHFWHGGLVFIURPWKHVORW
,I\RXGRQRWWDNHWKHGLVFRXWRIWKHVORWLW
LVGUDZQLQDJDLQDXWRPDWLFDOO\DIWHUDVKRUW
ZKLOH
 $XGLRYLGHRPRGH
0HGLD
0HQXRYHUYLHZ
&'PRGHEDVLFGLVSOD\
C0DLQIXQFWLRQEDU
D6WDWXVEDUZLWKDFWLYHWUDIILFDQQRXQFHPHQWV
$UWLVWDQGDOEXP
7UDFNQXPEHUQXPEHURIVRQJVLQWKHWUDFNOLVW
7UDFNGLVSOD\RQWKHGLVF
3OD\EDFNWLPHIRUWKHFXUUHQWWLWOH
k&OLPDWHFRQWUROVWDWXVEDU
l0HGLDPHQXEDU
m(ODSVHGSOD\EDFNWLPHIRUWKHFXUUHQWWLWOH
n*UDSKLFWLPHGLVSOD\
o$GGLWLRQDOGLVSOD\DUHDZLWKFRYHUYLHZ
,QVHUWLQJGLVFVLQWRWKH'9'FKDQJHU
7KH'9'FKDQJHUKDVDPDJD]LQHZLWKVL[
WUD\V
%HIRUHLQVHUWLQJD&''9'HQVXUHWKDWWKH
FXSKROGHULVHPSW\DQGWKHVSUD\JXDUGIODS
LVRSHQ
7RLQVHUWWKH&''9'LQWRWKH
PDJD]LQHWUD\SUHVVWKHeEXWWRQ
7KHPDJD]LQHPHQXDSSHDUV
7RVHOHFWWKHPDJD]LQHWUD\WXUQWKH
FRQWUROOHUDQGSUHVVWRFRQILUP
7KH'9'FKDQJHUVZLWFKHVWRWKHVHOHFWHG
PDJD]LQHWUD\
<RXVHHWKH3OHDVH:DLWPHVVDJH
$XGLRYLGHRPRGH 
0HGLD
<RXWKHQVHHWKH
3OHDVHLQVHUWGLVF
[!!
PHVVDJH
,QVHUWDGLVFLQWRWKHGLVFVORWZLWKWKH
SULQWHGVLGHIDFLQJXSZDUGV
7RORDGDOOHPSW\PDJD]LQHWUD\VSUHVV
WKHeEXWWRQ
7KHPDJD]LQHPHQXDSSHDUV
7RVHOHFW
/RDG(PSW\6ORWV
VOLGH
WXUQDQGSUHVVFRQWUROOHU
&20$1'VZLWFKHVWRWKHQH[WHPSW\
PDJD]LQHWUD\
<RXVHHWKH
3OHDVH:DLW
PHVVDJH
<RXWKHQVHHWKH
3OHDVHLQVHUWGLVF
[!!
PHVVDJH
,QVHUWDGLVFLQWRWKHGLVFVORWZLWKWKH
SULQWHGVLGHIDFLQJXSZDUGV
2QFHWKHGLVFLVORDGHGWKH'9'FKDQJHU
VZLWFKHVWRWKHQH[WHPSW\WUD\
5HSHDWWKHVHVWHSVXQWLODOOPDJD]LQHWUD\V
DUHILOOHG
7KH'9'FKDQJHUSOD\VWKHODVWLQVHUWHG
GLVF
7RFDQFHOWKHORDGLQJSURFHVVSUHVVWKH
eEXWWRQ
RU
7RVHOHFW8LQWKHPDJD]LQHPHQXWXUQ
DQGSUHVVWKHFRQWUROOHU
(MHFWLQJGLVFVIURPWKH'9'FKDQJHU
G,I\RXUHPRYHRQHGLVFZKLOHSOD\LQJ
DQRWKHUGLVFWKH'9'FKDQJHULQWHUUXSWV
SOD\EDFN3OD\EDFNFRQWLQXHVRQFHWKHGLVF
KDVEHHQHMHFWHG
7RHMHFWDVLQJOH&''9'SUHVVWKH
eEXWWRQ
7KHPDJD]LQHPHQXDSSHDUV7KHFXUUHQW
GLVFLVPDUNHG
C7\SHRIGDWDPHGLXP
D$FWLYHHMHFWLRQ
'LVFQDPH
(PSW\WUD\QR
&XUUHQWGLVF
7RVHOHFWDGLVFWXUQWKHFRQWUROOHUDQG
SUHVVWRFRQILUP
7KH'9'FKDQJHUHMHFWVWKHGLVF
7DNHWKHGLVFRXWRIWKHVORW
7RHMHFWDOO&'V'9'VSUHVVWKHe
EXWWRQ
7KHPDJD]LQHPHQXDSSHDUV
6HOHFW
(MHFW$OO
7KHODVWVHOHFWHGGLVFLVHMHFWHG
7KH
3OHDVHUHPRYHGLVF[!!!!
PHVVDJHDSSHDUV
5HPRYHWKHGLVF
7KH'9'FKDQJHUHMHFWVWKHGLVF
5HSHDWWKHODVWVWHSXQWLOWKHPDJD]LQHLV
HPSW\
7RH[LWWKHPHQXSUHVVWKHeEXWWRQ
RU
6HOHFW8LQWKHPDJD]LQHPHQX
 $XGLRYLGHRPRGH
0HGLD
,QVHUWLQJDQGHMHFWLQJDQ6'PHPRU\
FDUG
*HQHUDOLQIRUPDWLRQ
&20$1'VXSSRUWV6'PHPRU\FDUGV
6HFXUH'LJLWDODQG6'+&PHPRU\FDUGV
6HFXUH'LJLWDO+LJK&DSDFLW\
G,I\RXDUHQRORQJHUXVLQJWKH6'PHPRU\
FDUG\RXVKRXOGUHPRYHLW+LJK
WHPSHUDWXUHVFDQGDPDJHWKHFDUG
,QVHUWLQJDQ6'PHPRU\FDUG
,QVHUWWKHPHPRU\FDUGLQWRWKHVORWRQWKH
FRQWUROSDQHOXQWLOWKH6'PHPRU\FDUG
HQJDJHVLQWRSODFH7KHVLGHZLWKWKH
FRQWDFWVPXVWIDFHGRZQZDUGV
7KHPXVLFLVSOD\HGZKLOHWKHILOHVDUH
ORDGHGLQWKHEDFNJURXQG,IWKHUHDUHQR
VXSSRUWHGDXGLRYLGHRILOHV\RXZLOOVHHD
PHVVDJHWRWKLVHIIHFW
(MHFWLQJDQ6'PHPRU\FDUG
3UHVVWKHPHPRU\FDUG
7KHPHPRU\FDUGLVHMHFWHG
5HPRYHWKHPHPRU\FDUG
&RQQHFWLQJ86%GHYLFHV
7KHUHDUHWZR86%SRUWVORFDWHGLQWKH
VWRZDJHFRPSDUWPHQWLQWKHFHQWHUFRQVROH
&RQQHFWWKH86%GHYLFHWRWKH86%SRUW
7KHPXVLFLVSOD\HGZKLOHWKHILOHVDUH
ORDGHGLQWKHEDFNJURXQG,IWKHUHDUHQR
VXSSRUWHGDXGLRYLGHRILOHV\RXZLOOVHHD
PHVVDJHWRWKLVHIIHFW
G03SOD\HUVPXVWVXSSRUW0HGLD7UDQVIHU
3URWRFRO073
$FWLYDWLQJPHGLDPRGH
6ZLWFKLQJRQDXWRPDWLFDOO\
:KHQDQH[WHUQDOPHGLDVRXUFHLVFRQQHFWHG
WKHPHGLDPRGHLVDXWRPDWLFDOO\VZLWFKHGRQ
E\&20$1'DQGWKHEDVLFGLVSOD\LVVKRZQ
,IWKH&''9'LVVWDUWHGXVLQJDQRWKHU
DSSOLFDWLRQHJQDYLJDWLRQWKHGLVSOD\ZLOO
QRWFKDQJH
,QVHUWWKH&'V'9'VSDJH
RU
,QVHUWD6'PHPRU\FDUGSDJH
RU
&RQQHFWD86%GHYLFHSDJH
&20$1'ORDGVWKHPHGLXPLQVHUWHGDQG
VWDUWVWRSOD\LWDXWRPDWLFDOO\
)XUWKHURSWLRQVIRUVZLWFKLQJRQ
=8VLQJWKHQXPEHUNH\SDGSDJH
=8VLQJWKHPDLQIXQFWLRQEDUSDJH
=8VLQJWKHGHYLFHOLVWSDJH
=8VLQJWKHýEXWWRQSDJH
2SWLRQVPHQX
,Q0HGLDPRGHVOLGHRdWKHFRQWUROOHU
7KHPHGLDPHQXEDULVVKRZQ
7RVHOHFW2SWLRQVWXUQDQGSUHVVWKH
FRQWUROOHU
3OD\LQJVLPLODUWUDFNV
6HOHFW3OD\0RUH/LNH7KLV
&20$1'DXWRPDWLFDOO\FUHDWHVDQGSOD\V
DWUDFNOLVWZLWKVLPLODUWUDFNV,IWKHUHDUH
$XGLRYLGHRPRGH 
0HGLD
QRFRPSDUDEOHWUDFNVRQWKHGDWDFDUULHU
\RXZLOOVHHDPHVVDJHWRWKLVHIIHFW
6HOHFWWKHUHTXLUHGWUDFN
3OD\PRGH
7RVHOHFW
3OD\EDFN0RGH
WXUQWKH
FRQWUROOHUDQGSUHVVWRFRQILUP
6HOHFW
1RUPDO7UDFN6HTXHQFH
7KHFXUUHQWWUDFNOLVWLVSOD\HGLQWKHRUGHU
LWDSSHDUVRQWKHGDWDPHGLXP
7RVHOHFW
5DQGRP7UDFN/LVW
7KHFXUUHQWWUDFNOLVWLVSOD\HGLQUDQGRP
RUGHU
6HOHFW
5DQGRP0HGLXP
$OOWUDFNVRQWKHGDWDPHGLXPDUHSOD\HGLQ
UDQGRPRUGHU
6NLSWRWLPH
6HOHFW
6NLSWR7LPH3RLQW
$SRSXSPHQXDSSHDUV
7RVHWWKHWLPHWXUQWKHFRQWUROOHU
RU
6HWWKHGHVLUHGWLPHXVLQJWKHQXPEHU
NH\SDG
6HOHFWDFWLYHSDUWLWLRQ
:LWKWKH
6HOHFW$FWLYH3DUWLWLRQ
RSWLRQ\RXFDQVHOHFWDSDUWLWLRQLQWKH86%
GDWDPHGLXP
6DYHILOHVWR0HGLD5HJLVWHU
G:LWKWKH
6DYH)LOHVWR0HGLD
5HJLVWHU
RSWLRQ\RXFDQWUDQVIHU
VXSSRUWHGDXGLRYLGHRLPDJHILOHVWRWKH
&20$1'KDUGGULYH
7RVHOHFWWKHRSWLRQ
6DYH)LOHVWR
0HGLD5HJLVWHU
WXUQDQGSUHVVWKH
FRQWUROOHU
$PHQXDSSHDUVSDJH
0DQDJLQJWKH0HGLD5HJLVWHU
7RVHOHFW
5HQDPH'HOHWH)LOHV
SUHVV
WKHFRQWUROOHU
7KHFRQWHQWVDUHVKRZQ8VLQJWKH
FRQWUROOHUILOHVDQGIROGHUVFDQEHUHQDPHG
RUGHOHWHG
$SRSXSZLQGRZDSSHDUVZKHQWKHILOHLV
UHQDPHG7KHFKDUDFWHUVDUHHQWHUHGXVLQJ
WKHFRQWUROOHUSDJH
7RVHOHFW
'HOHWHDOO0HGLD)LOHV
WXUQ
DQGSUHVVWKHFRQWUROOHU
)LOHVDQGIROGHUVFDQEHFRPSOHWHO\GHOHWHG
IURPWKH0HGLD5HJLVWHU
6HOHFW
0HPRU\,QIR
LPSRUWDQW
SDUDPHWHUVIRU\RXU&20$1'KDUGGULYH
DUHVKRZQ
 $XGLRYLGHRPRGH
0HGLD
6WDUWDWDGLIIHUHQWVHDW
7KHPHGLDVRXUFHFDQEHSOD\HGEDFNDWD
GLIIHUHQWVHDWSDJH
6KRZWUDFNLQIRUPDWLRQ
&KHFNLQJRUXQFKHFNLQJWKHER[EHIRUH6KRZ
7UDFN,QIRUPDWLRQGLVSOD\VRUKLGHVWKH
LQIRUPDWLRQRQWKHWUDFNDUWLVWDQGDOEXPLQ
WKHPDLQGLVSOD\ILHOG
6WRSDQGSOD\EDFNIXQFWLRQ
7RVWRSSOD\EDFNLQDXGLRYLGHRPRGH
VOLGHRdWKHFRQWUROOHU
7KHPHGLDPHQXEDULVVKRZQ
7RDFWLYDWHÏLQWKHPHGLDPHQXEDU
WXUQWKHFRQWUROOHUDQGSUHVVWRFRQILUP
3OD\EDFNLVLQWHUUXSWHGKHUH7KHGLVSOD\
FKDQJHVWRÐ
7RFRQWLQXHSOD\EDFNLQDXGLRYLGHR
PRGHVOLGHRdWKHFRQWUROOHU
7KHPHGLDPHQXEDULVVKRZQ
7RDFWLYDWHÐLQWKH0HGLDPHQXEDU
WXUQDQGSUHVVWKHFRQWUROOHU
3OD\EDFNLVFRQWLQXHGIURPWKHSRLQWRI
LQWHUUXSWLRQ7KHV\PEROFKDQJHVWRÏ
6HOHFWLQJDWUDFN
6HOHFWLQJXVLQJWKHFXUUHQWWUDFNOLVW
7RGLVSOD\WKHFXUUHQWWUDFNOLVWSUHVV
WKHFRQWUROOHULQWKHEDVLFGLVSOD\
7KHWUDFNOLVWIRUWKHDFWLYHGDWDPHGLXP
DSSHDUV
7RVHOHFWDWUDFNWXUQWKHFRQWUROOHUDQG
SUHVVWRFRQILUP
6HOHFWLQJE\VNLSSLQJWRDWUDFN
7RVNLSIRUZDUGVRUEDFNZDUGVWRDWUDFN
WXUQRUEULHIO\VOLGHRWKHFRQWUROOHULQ
WKHPHGLDEDVLFGLVSOD\
6HOHFWLQJDWUDFNXVLQJWKHQXPEHU
NH\SDG
3UHVVWKHVNH\RQWKHQXPEHUNH\SDG
$QXPHULFDOHQWU\ILHOGDSSHDUV7KH
QXPEHURISRVLWLRQVRIIHUHGFRUUHVSRQGVWR
WKHQXPEHURIWUDFNVRQWKH&''9'2QO\
QXPEHUVWKDWFRUUHVSRQGWRDWUDFN
QXPEHURQWKH&''9'FDQEHHQWHUHG
(QWHUWKHGHVLUHGWUDFNQXPEHUXVLQJWKH
QXPEHUNH\V
7KHWUDFNSOD\VDIWHUWKHODVWSRVVLEOH
QXPEHULVHQWHUHG
G3UHVVLQJDQGKROGLQJDQXPEHUNH\IRU
PRUHWKDQWZRVHFRQGVFRPSOHWHVWKH
HQWU\DQGWKHFRUUHVSRQGLQJWUDFNLV
SOD\HG
7KHVHDUFKPHQX
$XGLRYLGHRPRGH 
0HGLD
,QPHGLDPRGHVOLGHRdWKHFRQWUROOHU
7KHPHGLDPHQXEDULVVKRZQ
7RVHOHFW
6HDUFK
WXUQWKHFRQWUROOHUDQG
SUHVVWRFRQILUP
7KHFDWHJRU\OLVWLVVKRZQ
6HOHFWDFDWHJRU\HJ
*HQUHV
6XEFDWHJRULHVDSSHDUZLWKWKHVHOHFWLRQRI
WKHPDLQFDWHJRU\GHSHQGVRQWKH
&20$1'GHIDXOWVHWWLQJVDQGWKHPXVLF
WUDFNVDYDLODEOH
6HOHFWDVXEFDWHJRU\HJ
%OXHV
,IWKHVXEFDWHJRU\
%OXHV
LQFOXGHVPXVLF
WUDFNVWKHVHZLOOEHVKRZQ
*UDFHQRWH0HGLD'DWDEDVH
*HQHUDOQRWHV
7KLVIXQFWLRQLVRQO\DYDLODEOHLQDXGLR&'
PRGH
7KHUHLVDYHUVLRQRI
*UDFHQRWHPXVLFUHFRJQLWLRQWHFKQRORJ\
(PHU\YLOOH&DOLIRUQLD86$RQWKH&20$1'
KDUGGLVN<RXZLOOUHFRJQL]HWKLVE\WKHORJR
LQWKHERWWRPULJKWKDQGFRUQHURIFHUWDLQ
DXGLRGLVSOD\V
,IWKHDXGLR&'GRHVQRWFRQWDLQDQ\&'WH[W
LQIRUPDWLRQ&20$1'FDQXVHWKH
*UDFHQRWH0HGLD'DWDEDVHWRLGHQWLI\
XQNQRZQDXGLRWUDFNVZKHQLQDXGLR&'
PRGH
,QWHUQHWXSGDWHRIPHWDGDWD
:LWKWKHRSWLRQ8SGDWHPHWDGDWDYLD
,QWHUQHWWKHDXGLR&'PHWDGDWDWKDWLVQRW
DYDLODEOHHJFRYHUWUDFNDOEXPDUWLVWFDQ
EHUHORDGHGWRWKHLQWHUQDO*UDFHQRWH
GDWDEDVH$Q,QWHUQHWFRQQHFWLRQLVUHTXLUHG
IRUWKLVSDJH
6HOHFWLQJ,QWHUQHWXSGDWHRIPHWDGDWD
,QPHGLDPRGHVOLGHRdWKHFRQWUROOHU
7KHPHGLDPHQXEDULVVKRZQ
7RVHOHFW
2SWLRQV
WXUQDQGSUHVVWKH
FRQWUROOHU
,QWKHVHOHFWLRQOLVWVHOHFW
8SGDWH
0HWDGDWDYLD,QWHUQHW
$FRQQHFWLRQZLWKWKH*UDFHQRWHGDWD
VHUYHULVHVWDEOLVKHG7KHPLVVLQJGDWDLV
ORDGHGVDYHGDQGGLVSOD\HGLQWKHPDLQ
GLVSOD\ILHOG
,IWKHUHLVQRGDWDIRXQGRUWKHUHLVQR
,QWHUQHWFRQQHFWLRQDFRUUHVSRQGLQJHUURU
PHVVDJHZLOODSSHDU
6ZLWFKLQJWKH*UDFHQRWHGDWDGLVSOD\
RQRII
6ZLWFKRQ&'DXGLRPRGHSDJH
7RVHOHFW
*UDFHQRWH0HGLD'DWDEDVH
WXUQDQGSUHVVWKHFRQWUROOHU
7RVZLWFKWKHGLVSOD\RIIVHOHFW
1RQH
,QWKHEDVLFGLVSOD\
7UDFN

7UDFN
HWF
DUHVKRZQLQVWHDGRIWKH*UDFHQRWHGDWD
IRUH[DPSOH
7RVZLWFKRQWKHGLVSOD\SUHVVWKH
FRQWUROOHU
 $XGLRYLGHRPRGH
0HGLD
1RWHVRQDXGLRYLGHRPRGH
3HUPLVVLEOHGDWDFDUULHUV
=&'5&'$DQG&'5:
='9'5'9'9DQG'9'5:
=6'PHPRU\FDUG
=86%VWRUDJHGHYLFH
3HUPLVVLEOHILOHV\VWHPV
=,62-ROLHWVWDQGDUGIRU&'V
=8')IRUYLGHR'9'V
=)$7)$7H[)$7DQG17)6IRU6'
PHPRU\FDUGDQG86%VWRUDJHPHGLD
0XOWLVHVVLRQ&'V
)RUPXOWLVHVVLRQ&'VWKHFRQWHQWRIWKHILUVW
VHVVLRQGHWHUPLQHVKRZ&20$1'ZLOO
SURFHVVWKH&'&20$1'SOD\VRQO\RQH
VHVVLRQDQGJLYHVSULRULW\WRWKHDXGLR&'
VHVVLRQ
)LOHVWUXFWXUHRIDGDWDFDUULHU
:KHQ\RXFUHDWHDGLVFZLWKFRPSUHVVHG
PXVLFILOHVWKHWUDFNVFDQEHRUJDQL]HGLQ
IROGHUV$IROGHUPD\DOVRFRQWDLQVXEIROGHUV
7KHGLVFPD\FRQWDLQQRPRUHWKDQHLJKW
GLUHFWRU\OHYHOV)LOHVEH\RQGWKHHLJKWKOHYHO
ZLOOQRWEHUHFRJQL]HGE\WKHV\VWHP
G&20$1'VXSSRUWVXSWRILOHV
IURPRQHGDWDPHGLXP)RUGDWDPHGLDZLWK
PRUHWKDQ*%RQO\ILOHVLQWKHIROORZLQJ
IROGHUVDUHVXSSRUWHGPXVLFSLFWXUHV
YLGHRV
7UDFNDQGILOHQDPHV
:KHQ\RXFUHDWHDGLVFZLWKFRPSUHVVHG
PXVLFILOHV\RXFDQDVVLJQQDPHVWRWKH
WUDFNVDQGIROGHUV
,I03RU:0$ILOHVDUHVWRUHGLQWKHURRW
GLUHFWRU\LWVHOIWKHURRWGLUHFWRU\ZLOODOVREH
WUHDWHGDVDIROGHU
<RXVKRXOGREVHUYHWKHIROORZLQJZKHQ
DVVLJQLQJWUDFNQDPHV
=WUDFNQDPHVPXVWKDYHDWOHDVWRQH
FKDUDFWHU
=WUDFNQDPHVPXVWKDYHWKHHQGLQJRID
VXSSRUWHGDXGLRYLGHRIRUPDWHJPS
DDFRUPY
=WKHUHPXVWEHDGRWEHWZHHQWKHWUDFN
QDPHDQGWKHH[WHQVLRQ
([DPSOHRIDFRUUHFWWUDFNQDPH
7UDFNPS
3HUPLVVLEOHIRUPDWV
&20$1'VXSSRUWVWKHIROORZLQJDXGLR
IRUPDWV
=03
=:0$
=&'$
=$$&IRUPDWVDDFPSPDDQGPE
&RS\SURWHFWHGL7XQHVPXVLFILOHVZLWK
WKHPSILOHHQGLQJDUHQRWVXSSRUWHG
&20$1'VXSSRUWVWKHIROORZLQJYLGHR
IRUPDWV
='9'9
=03(*
=ZPY
=09
=$9,XSWRS
3HUPLVVLEOHELWDQGVDPSOLQJUDWHV
&20$1'VXSSRUWV03ILOHVRIWKHIROORZLQJ
W\SHV
=IL[HGDQGYDULDEOHELWUDWHVIURPNELWV
WRNELWV
=VDPSOLQJUDWHVRIN+]WRN+]
&20$1'VXSSRUWV:0$ILOHVRIWKHIROORZLQJ
W\SHV
=IL[HGELWUDWHVIURPNELWVWRNELWV
=VDPSOLQJUDWHVRIN+]WRN+]
$XGLRYLGHRPRGH 
0HGLD
&20$1'GRHVQRWVXSSRUW:0$ILOHVRIWKH
IROORZLQJW\SHV
='50'LJLWDO5LJKWV0DQDJHPHQW
HQFU\SWHGILOHV
=YDULDEOHELWUDWH
=:0$3UR
=6XUURXQG
G2QO\XVHWUDFNVZLWKDELWUDWHRIDWOHDVW
NELWVDQGDVDPSOLQJUDWHRIDWOHDVW
N+]/RZHUUDWHVFDQFDXVHD
QRWLFHDEOHGHWHULRUDWLRQLQTXDOLW\7KLVLV
HVSHFLDOO\WKHFDVHLI\RXKDYHDFWLYDWHGD
VXUURXQGVRXQGIXQFWLRQ
6HOHFWLQJDQDFWLYHSDUWLWLRQ86%PDVV
VWRUDJHGHYLFHVRQO\
<RXFDQVHOHFWWKLVIXQFWLRQIRU86%VWRUDJH
GHYLFHVZKHQWKHVWRUDJHGHYLFHLV
SDUWLWLRQHG8SWRSDUWLWLRQVSULPDU\RU
ORJLFDO)$7)$7DQG17)6DUHVXSSRUWHG
6HOHFWDFWLYHSDUWLWLRQ
7RVHOHFW
2SWLRQV
LQWKHPHQXPHGLDEDU
WXUQDQGSUHVVWKHFRQWUROOHU
6HOHFW$FWLYH3DUWLWLRQ
1RWHVRQFRS\ULJKW
$XGLRYLGHRILOHVWKDW\RXFUHDWHRU
UHSURGXFH\RXUVHOIIRUSOD\EDFNDUHJHQHUDOO\
VXEMHFWWRFRS\ULJKWSURWHFWLRQ
,QPDQ\FRXQWULHVUHSURGXFWLRQVHYHQIRU
SULYDWHXVHDUHQRWSHUPLWWHGZLWKRXWWKH
SULRUFRQVHQWRIWKHFRS\ULJKWKROGHU
0DNHVXUHWKDW\RXNQRZDERXWWKHDSSOLFDEOH
FRS\ULJKWUHJXODWLRQVDQGWKDW\RXFRPSO\
ZLWKWKHVH
1RWHVRQ&'V'9'V
&20$1'LVGHVLJQHGWRSOD\GLVFVWKDW
FRPSO\ZLWKWKH(1VWDQGDUG
7KHUHIRUH\RXFDQRQO\XVHGLVFVZLWKD
PD[LPXPWKLFNQHVVRIPP
,I\RXLQVHUWWKLFNHUGLVFVHJWKRVHWKDW
FRQWDLQGDWDRQERWKVLGHV'9'RQRQH
VLGHDQGDXGLRGDWDRQWKHRWKHUWKH\
FDQQRWEHHMHFWHGDQGFDQGDPDJHWKH
GHYLFH
2QO\XVHURXQGGLVFVZLWKDGLDPHWHURI
FP'RQRWXVHGLVFVZLWKDGLDPHWHURI
FPHYHQZLWKDQDGDSWHU
'LVFVZLWKFRS\SURWHFWLRQDUHQRW
FRPSDWLEOHZLWKWKHDXGLR&'VWDQGDUGDQG
WKHUHIRUHPD\QRWEHDEOHWREHSOD\HGE\
&20$1'
3OD\EDFNSUREOHPVPD\RFFXUZKHQSOD\LQJ
FRSLHGGLVFV
7KHUHPD\EHSOD\EDFNSUREOHPVLI\RXSOD\
&'VWKDW\RXKDYHFRSLHG\RXUVHOIZLWKD
VWRUDJHFDSDFLW\RIPRUHWKDQ0%
G&20$1'LVDEOHWRSOD\EDFNDXGLR&'V
LQPXOWLFKDQQHODXGLRIRUPDW
0HGLDVHDUFK
6WDUWLQJWKHPHGLDVHDUFK
,Q0HGLDPRGHVOLGHRdWKHFRQWUROOHU
7KHPHGLDPHQXEDUDSSHDUV
7RVHOHFW
6HDUFK
WXUQWKHFRQWUROOHUDQG
SUHVVWRFRQILUP
7KHFDWHJRU\OLVWDSSHDUV
*HQHUDOLQIRUPDWLRQ
&20$1'SOD\VEDFNILOHVIURPWKHIROORZLQJ
GDWDPHGLXPV
='LVF&''9'$XGLR
=0HPRU\FDUG
=0(',$5(*,67(5
=86%VWRUDJHGHYLFH
=$SSOHGHYLFHVIROGHU\HDUDQGSKRWRVDUH
QRWDYDLODEOH
7KHFDWHJRULHVDUHGLVSOD\HGDFFRUGLQJWRWKH
GDWDDYDLODEOH
 0HGLDVHDUFK
0HGLD
&DWHJRU\OLVW
'HSHQGLQJRQWKHFRQQHFWHGPHGLDVRXUFHV
DQGILOHVWKHIROORZLQJFDWHJRULHVDUHOLVWHG
=&XUUHQW7UDFNOLVW
=)ROGHU
=6HOHFW%\&RYHU
=.H\ZRUG6HDUFK
=3OD\OLVWV
=$UWLVWV
=$OEXPV
=7UDFN
=*HQUHV
=<HDU
=&RPSRVHUV
=9LGHRV
=3KRWRV
G7KHFDWHJRULHVDUHDYDLODEOHDVVRRQDV
WKHHQWLUHPHGLDFRQWHQWKDVEHHQUHDGDQG
DQDO\]HG
,IWKHVDPHGHYLFHLVUHFRQQHFWHGZLWK
XQFKDQJHGPHGLDFRQWHQWWKHVH
FDWHJRULHVDUHDYDLODEOHPRUHTXLFNO\
:KHQFRQQHFWLQJ$SSOHGHYLFHVWKH
FDWHJRULHV³)ROGHU´³<HDU´DQG³3KRWRV´
DUHQRWDYDLODEOH
6HDUFKLQJE\FXUUHQWWUDFNOLVW
7RVHOHFW&XUUHQW7UDFN/LVWLQWKH
FDWHJRU\OLVWWXUQDQGSUHVVWKHFRQWUROOHU
7KHVHOHFWLRQOLVWDSSHDUV
6HOHFWWKHUHTXLUHGWUDFN
6HDUFKLQJE\IROGHU
3OD\DEOHILOHVFDQEHVHDUFKHGIRULQWKHDFWLYH
GDWDPHGLXPVGLUHFWRULHV
7RVHOHFW)ROGHULQWKHFDWHJRU\OLVWWXUQ
DQGSUHVVWKHFRQWUROOHU
7KHIROGHUOLVWDSSHDUV
6HOHFWWKHUHTXLUHGIROGHU
7KHWUDFNOLVWDSSHDUV
6HOHFWWKHUHTXLUHGWUDFN
6HOHFW%\&RYHU
0HGLDVHDUFK 
0HGLD
7RVHOHFW
6HDUFK%\&RYHU
LQWKHFDWHJRU\
OLVWWXUQDQGSUHVVWKHFRQWUROOHU
$PHQXZLWKFRYHUYLHZVDSSHDUV
7RPRYHWKHGHVLUHGIROGHUWRWKHIURQWWXUQ
WKHFRQWUROOHU
7KHWUDFNOLVWDSSHDUV
7RVHOHFWWKHGHVLUHGWUDFNWXUQDQGSUHVV
WKHFRQWUROOHU
6HDUFKLQJE\JHQUH
7RVHOHFW
*HQUH
LQWKHFDWHJRU\OLVWWXUQ
DQGSUHVVWKHFRQWUROOHU
&20$1'VHDUFKHVDOOPHGLDVRXUFHV$
VHOHFWLRQOLVWZLWK
*HQUH
DQGPHGLD
VRXUFHVDSSHDUV
7RVHOHFWWKHGHVLUHG
*HQUH
WXUQDQGSUHVV
WKHFRQWUROOHU
$VHOHFWLRQOLVWZLWKPXVLFWUDFNVIURPWKH
VHOHFWHGJHQUHDSSHDUV
6HOHFWDPXVLFWUDFN
7KHWUDFNLVSOD\HG7KHEDVLFPHQXIRUWKH
DFWLYHPHGLDVRXUFHLVVKRZQ
7RH[LWWKHVHOHFWLRQOLVWSUHVVWKH8
EXWWRQ
.H\ZRUG6HDUFK
7RVHOHFW
.H\ZRUG6HDUFK
IURPWKH
FDWHJRU\OLVWWXUQWKHFRQWUROOHUDQGSUHVV
WRFRQILUP
7KHLQSXWILHOGDSSHDUV
7RVHOHFWUHTXLUHGFKDUDFWHUVWXUQDQG
SUHVVWKHFRQWUROOHUIRUHDFKOHWWHU
SDJH
6RPHWLPHVHQWHULQJRQO\DSDUWRIWKHWUDFN
RUDUWLVWVLVHQRXJK2QFHHQRXJK
FKDUDFWHUVKDYHEHHQHQWHUHG&20$1'
FRPSOHWHVWKHVHDUFKWHUP
T
7KHVHDUFKUHVXOWVDUHGLVSOD\HG
7KHQXPEHUVEHKLQGWKHUHVXOWVDVVKRZQ
LQWKHH[DPSOH
$UWLVWV
UHSUHVHQW
UHVXOWVWKDWPDWFKWKHNH\ZRUGH[DFWO\
DQGUHVXOWVWKDWDUHVLPLODU
6HOHFWRQHRIWKHUHVXOWV
.H\ZRUGVWKDWKDYHDOUHDG\EHHQVHDUFKHG
IRUDUHGLVSOD\HGLQWKH6HDUFKKLVWRU\
ZLWKRXWKDYLQJWRHQWHUWKHPFRPSOHWHO\
7KH\FDQEHDFFHSWHGGLUHFWO\DQG
GLVSOD\HGLQWKHVHDUFKUHVXOW
 0HGLDVHDUFK
0HGLD
6HOHFWRQHHQWU\HJ$UWLVWV
$OEXPVDQGFRYHUVLIDYDLODEOHDUHVKRZQ
6HOHFWDQDOEXP
7KHWUDFNVDUHOLVWHG
6HOHFWDWUDFN
7KHEDVLFGLVSOD\DSSHDUVDQGSOD\EDFN
VWDUWV
0(',$5(*,67(5
*HQHUDOQRWHV
G.HHS\RXURULJLQDOPXVLFILOHVSKRWRVDQG
YLGHRILOHVLQDVHFXUHORFDWLRQ$Q
PDOIXQFWLRQLQ&20$1'PD\UHVXOWLQWKH
ORVVRIPXVLFILOHVVWRUHGLQWKH0(',$
5(*,67(50HUFHGHV%HQ]LVQRWOLDEOHIRU
DQ\ORVVRIGDWD
<RXFDQVWRUHPXVLFILOHVSKRWRVRUYLGHRILOHV
LQWKH0(',$5(*,67(57KHPHPRU\KDVD
FDSDFLW\RI*%
6ZLWFKLQJWKH0(',$5(*,67(5RQ
3UHVVWKHýEXWWRQUHSHDWHGO\XQWLOWKH
0(',$5(*,67(5LVVZLWFKHGRQ
3UHVVLQJWKHEXWWRQUHSHDWHGO\FKDQJHV
WKHRSHUDWLQJPRGHLQWKHIROORZLQJRUGHU
='LVF
=0HPRU\&DUG
=0(',$5(*,67(5
=86%
=0HGLD,QWHUIDFH
=86%
=0HGLD,QWHUIDFH
=79LI\RXUYHKLFOHLVHTXLSSHGZLWKD79
=%OXHWRRWK$XGLR
=$8;
3OD\EDFNEHJLQVDWWKHSRLQWODVWOLVWHQHGWR
,IWKHUHDUHQRILOHV\RXZLOOVHHDPHVVDJHWR
WKLVHIIHFW
)XUWKHURSWLRQVIRUVZLWFKLQJRQ
=8VLQJWKHQXPEHUNH\SDGSDJH
=8VLQJWKHPDLQIXQFWLRQEDUSDJH
=8VLQJWKHGHYLFHOLVWSDJH
=8VLQJWKHýEXWWRQSDJH
0(',$5(*,67(5 
0HGLD
0(',$5(*,67(5EDVLFGLVSOD\
C6WDWXVEDUZLWKWUDIILFDQQRXQFHPHQWVVZLWFKHGRQ
D0DLQIXQFWLRQEDU
$UWLVWDQGDOEXP
'LVSOD\IRUWKHDFWLYHGDWDPHGLXP
'LVSOD\RIFXUUHQWWUDFNLQWKHWUDFNOLVW
0HGLDPHQXEDU
k1XPHULFDOWLPHGLVSOD\
l*UDSKLFWLPHGLVSOD\
m$GGLWLRQDOGLVSOD\DUHDZLWKFRYHUYLHZ
&RS\LQJILOHVWRWKH0(',$5(*,67(5
*HQHUDOQRWHV
<RXFDQFRS\SKRWRVPXVLFILOHVDQGYLGHRV
IURPWKHIROORZLQJGDWDPHGLXPV
='LVFVLQD&''9'FKDQJHURUDVLQJOH&'
'9'GULYH
=6'PHPRU\FDUG
=86%VWRUDJHGHYLFH
=03
G'DWDFDQRQO\EHFRSLHGIURPDQ03
SOD\HULIWKLVFDQEHFRQILJXUHGDVDPDVV
VWRUDJHGHYLFH
9LGHRILOHVIURP'9'9FDQQRWEHFRSLHG
:KLOHFRS\LQJVHYHUDOIXQFWLRQVZLOOQRWEH
DYDLODEOH,IWKLVLVWKHFDVH\RXZLOOVHHD
PHVVDJHWRWKLVHIIHFW
G03RU:0$ILOHVUHJLVWHUHGLQWKH0HGLD
5HJLVWHUFDQEHSOD\HGEDFNRQO\IRUSULYDWH
XVHE\WKHXVHUZKRFRSLHGWKH03RU
:0$ILOHVWRWKH0XVLF5HJLVWHU3OHDVHGR
QRWDOORZRWKHUXVHUVWRXVHWKH03RU
:0$WUDFNVLQWKH0HGLD5HJLVWHU
6HOHFWLQJDGDWDPHGLXP
7RVZLWFKRQPHGLDPRGHNHHSSUHVVLQJ
WKHýEXWWRQXQWLOWKHUHTXLUHGPHGLD
PRGHKDVEHHQVZLWFKHGRQ
6OLGHRdWKHFRQWUROOHU
7KHPHGLDPHQXEDUDSSHDUV
7RVHOHFW
2SWLRQV
WXUQDQGSUHVVWKH
FRQWUROOHU
 0(',$5(*,67(5
0HGLD
6HOHFW6DYH)LOHVWR0HGLD5HJLVWHU
7KHPHGLDOLVWDSSHDUV$GDWDPHGLXP
IURPZKLFKILOHVFDQEHFRSLHGLVVHOHFWHG
DXWRPDWLFDOO\
G7KH6DYH)LOHVWR0HGLD5HJLVWHU
IXQFWLRQFDQEHDFFHVVHGIURPDQ\PHGLD
DSSOLFDWLRQ
6HOHFWWKHGLVSOD\HGGDWDPHGLXP
7KHGDWDPHGLXPLVORDGHG
,IWKHGDWDPHGLXPFRQWDLQVILOHVWKDWFDQ
EHFRSLHGDVHOHFWLRQPHQXDSSHDUV
6HOHFWLQJILOHV
7RVHOHFW$OO)LOHVWXUQWKHFRQWUROOHU
DQGSUHVVWRFRQILUP
7KLVFRPPDQGFRSLHVDOOILOHVIURPWKH
VHOHFWHGGDWDPHGLXP7KHV\PEROLQIURQW
RI$OO)LOHVLVILOOHGLQ$OOVXEVHTXHQW
HQWULHVKDYHDWLFNsEHVLGHWKHP
6HOHFWDIROGHU
$WLFNsQH[WWRWKHIROGHUHQWU\KLJKOLJKWV
WKHVHOHFWLRQ
&RQILUPLQJ\RXUVHOHFWLRQ
7RVHOHFW&RQWLQXHWXUQWKHFRQWUROOHUDQG
SUHVVWRFRQILUP
7KHFRS\LQJPHQXDSSHDUV
6WDUWLQJWKHFRS\LQJSURFHVV
,QWKHH[DPSOHILOHVDUHFRSLHGIURPD86%
VWLFNWRWKH0(',$5(*,67(5
7RVHOHFW6WDUWSUHVVWKHFRQWUROOHU
G7KHVHOHFWLRQRIDWDUJHWIROGHULVRSWLRQDO
,IWKHUHLVQRWDUJHWIROGHUJLYHQWKH
VHOHFWHGILOHVDUHVDYHGWRWKHPDLQ
GLUHFWRU\RIWKH0HGLD5HJLVWHU
7RVHOHFW7DUJHW)ROGHUWXUQDQGSUHVV
WKHFRQWUROOHU
6HOHFWDIROGHU
6HOHFW&RQWLQXH
7RVHOHFW6WDUWSUHVVWKHFRQWUROOHU
7KHFRS\LQJSURFHGXUHVWDUWVDQGLVVKRZQ
LQWKHSURJUHVVEDU
,WPD\WDNHVRPHWLPHIRUWKHFRS\LQJ
SURFHVVWREHFRPSOHWHGGHSHQGLQJRQWKH
DPRXQWRIGDWD,IWKHUHLVQRWHQRXJK
PHPRU\VSDFHDPHVVDJHWRWKLVHIIHFW
DSSHDUV
G,WLVSRVVLEOHWRFKDQJHWRDGLIIHUHQW
IXQFWLRQHJUDGLRGXULQJWKHFRS\LQJ
SURFHGXUH7KHFRS\LQJSURFHGXUH
FRQWLQXHVLQWKHEDFNJURXQG:KLOHWKH
FRS\LQJSURFHGXUHLVWDNLQJSODFHWKLVLV
VKRZQE\DV\PEROLQWKHVWDWXVEDU
0(',$5(*,67(5 
0HGLD
2QFHWKHFRS\LQJSURFHGXUHLVFRPSOHWH\RX
ZLOOKHDUWKHILUVWWUDFNRIWKHFRSLHGDOEXP
<RXFDQQRZFRS\PRUHILOHVWRWKH0(',$
5(*,67(5
7RFDQFHOFRS\LQJVHOHFW
&DQFHO
)LOHVDUHVWRUHGLQWKH0(',$5(*,67(5XS
XQWLOWKHSRLQWRIFDQFHOODWLRQ
5HQDPLQJGHOHWLQJILOHV
7RVZLWFKRQ0HGLDPRGHNHHSSUHVVLQJ
WKHýEXWWRQXQWLOWKHUHTXLUHGPHGLD
PRGHKDVEHHQVZLWFKHGRQ
6OLGHRdWKHFRQWUROOHU
7KHPHGLDPHQXEDUDSSHDUV
7RVHOHFW
2SWLRQV
WXUQDQGSUHVVWKH
FRQWUROOHU
6HOHFW
0DQDJH0HGLD5HJLVWHU
6HOHFW
5HQDPH'HOHWH)LOHV
7KHILOHOLVWLVGLVSOD\HG
7RKLJKOLJKWWKHVHOHFWHGILOHVWXUQDQG
SUHVVWKHFRQWUROOHU
6OLGHRWKHFRQWUROOHU
<RXFDQVHOHFWHLWKHU
(GLW
RU
'HOHWH
7RVHOHFWWKH
(GLW
ILOHWXUQDQGSUHVVWKH
FRQWUROOHU
7KHIROORZLQJHQWU\ILHOGDSSHDUV
5HQDPHWKHILOH
7RVDYHFKDQJHVZLWKTWXUQDQGSUHVV
WKHFRQWUROOHU
5HQDPLQJDILOHRQO\FKDQJHVWKHQDPH
'HSHQGLQJRQZKHWKHURUQRWWKH
6KRZ
7UDFN,QIRUPDWLRQ
RSWLRQKDVEHHQ
VHOHFWHGWKLVFKDQJHPD\QRWEHVHHQLQ
WKHPDLQGLVSOD\ILHOG
7RVHOHFWWKH
'HOHWH
ILOHSUHVVWKH
FRQWUROOHU
'HOHWLQJDOOILOHV
,QRUGHUWRSUHYHQWPDOIXQFWLRQVGRQRW
XVH&20$1'GXULQJWKLVWLPH
7KLVIXQFWLRQGHOHWHVDOOILOHVIURPWKH0(',$
5(*,67(5
 0(',$5(*,67(5
0HGLD
7RVZLWFKRQPHGLDPRGHNHHSSUHVVLQJ
WKHýEXWWRQXQWLOWKHUHTXLUHGPHGLD
PRGHKDVEHHQVZLWFKHGRQ
6OLGHRdWKHFRQWUROOHU
7KHPHGLDPHQXEDUDSSHDUV
7RVHOHFW2SWLRQVWXUQDQGSUHVVWKH
FRQWUROOHU
6HOHFW0DQDJH0HGLD5HJLVWHU
6HOHFW'HOHWH$OO0HGLD)LOHV
$SURPSWDSSHDUV1RLVKLJKOLJKWHG
,I\RXVHOHFW<HVDOOILOHVDUHGHOHWHG,I\RX
VHOHFW1RWKHSURFHVVZLOOEHFDQFHOHG
7RVHOHFW<HVRU1RWXUQWKHFRQWUROOHUDQG
SUHVVWRFRQILUP
<RXVHHWKH3OHDVH:DLWPHVVDJH
7KH'DWD'HOHWHGPHVVDJHWKHQDSSHDUV
&DOOLQJXSPHPRU\VSDFHLQIR
7RVZLWFKRQPHGLDPRGHNHHSSUHVVLQJ
WKHýEXWWRQXQWLOWKHUHTXLUHGPHGLD
PRGHKDVEHHQVZLWFKHGRQ
6OLGHRdWKHFRQWUROOHU
7KHPHGLDPHQXEDUDSSHDUV
7RVHOHFW2SWLRQVWXUQDQGSUHVVWKH
FRQWUROOHU
6HOHFW0DQDJH0HGLD5HJLVWHU
6HOHFW0HPRU\,QIR
6HOHFWLQJDSOD\EDFNPRGH
7RVZLWFK0(',$5(*,67(5RQSUHVVWKH
ýEXWWRQUHSHDWHGO\XQWLOWKH0(',$
5(*,67(5LVVZLWFKHGRQ
6OLGHRdWKHFRQWUROOHU
7KHPHGLDPHQXEDUDSSHDUV
7RVHOHFW2SWLRQVWXUQDQGSUHVVWKH
FRQWUROOHU
6HOHFW3OD\PRGH
7KHRSWLRQVOLVWDSSHDUV7KH;GRW
LQGLFDWHVWKHFXUUHQWVHWWLQJ
6HOHFWWKHGHVLUHGRSWLRQ
7KHRSWLRQLVVZLWFKHGRQ)RUDOORSWLRQV
H[FHSW1RUPDO7UDFN6HTXHQFH\RXZLOO
VHHDFRUUHVSRQGLQJLFRQLQWKHPDLQ
GLVSOD\
G7KH1RUPDO7UDFN6HTXHQFHRSWLRQLV
DXWRPDWLFDOO\VHOHFWHGZKHQ\RXFKDQJH
WKHGLVF\RXDUHFXUUHQWO\OLVWHQLQJWRRU
ZKHQ\RXVHOHFWDGLIIHUHQWPHGLXP,IDQ
RSWLRQLVVHOHFWHGLWUHPDLQVVHOHFWHGDIWHU
&20$1'LVVZLWFKHGRQRURII
0(',$5(*,67(5 
0HGLD
7KHIROORZLQJRSWLRQVDUHDYDLODEOH
=
1RUPDO7UDFN6HTXHQFH
7KHWUDFNVDUHSOD\HGLQWKHQRUPDORUGHU
HJWUDFNHWF
=
5DQGRP0HGLXP
$OOWKHWUDFNVRQWKHPHGLXPDUHSOD\HGLQ
UDQGRPRUGHU
=
5DQGRP7UDFN0L[
7KHWUDFNVLQWKHFXUUHQWO\DFWLYHWUDFNOLVW
DUHSOD\HGLQUDQGRPRUGHU
%OXHWRRWKDXGLRPRGH
&RQQHFWLQJ%OXHWRRWKDXGLRGHYLFHV
3UHUHTXLVLWHV
%OXHWRRWKDXGLRPRGHUHTXLUHVD
%OXHWRRWKFDSDEOHDXGLRGHYLFH
%HIRUHXVLQJ%OXHWRRWKDXGLRPRGH\RX
PXVWFKHFN\RXU%OXHWRRWKDXGLRGHYLFHIRU
WKHIROORZLQJVHHWKH%OXHWRRWKDXGLR
GHYLFHVRSHUDWLQJLQVWUXFWLRQV
=%OXHWRRWKDXGLRSURILOH
7KH%OXHWRRWKDXGLRGHYLFHPXVWVXSSRUW
WKH$'3DQG$95&3%OXHWRRWKDXGLR
SURILOHV
=%OXHWRRWKYLVLELOLW\
&HUWDLQ%OXHWRRWKDXGLRGHYLFHVUHTXLUH
PRUHWKDQVLPSO\DFWLYDWLQJWKH
%OXHWRRWKIXQFWLRQ,QDGGLWLRQ\RXU
GHYLFHPXVWEHPDGHYLVLEOHWRRWKHU
GHYLFHV
=%OXHWRRWKGHYLFHQDPH
7KLVGHYLFHQDPHLVSUHGHWHUPLQHGEXWFDQ
XVXDOO\EHFKDQJHG7RPDNHDFOHDU
VHOHFWLRQRIWKH%OXHWRRWKGHYLFH
SRVVLEOH0HUFHGHV%HQ]UHFRPPHQGV
WKDW\RXFXVWRPL]HWKHGHYLFHQDPHVHH
WKH%OXHWRRWKDXGLRGHYLFHVRSHUDWLQJ
LQVWUXFWLRQV
G$'3$GYDQFHG$XGLR'LVWULEXWLRQ
3URILOH%OXHWRRWKDXGLRSURILOHIRUDXGLR
GDWDWUDQVPLVVLRQ
$95&3$XGLR9LGHR5HPRWH&RQWURO
3URILOH%OXHWRRWKDXGLRSURILOHIRUDXGLR
GDWDSOD\EDFN
G7KH%OXHWRRWKGHYLFHPXVWEHYLVLEOHIRU
DXWKRUL]DWLRQ$IWHUDXWKRUL]DWLRQ
&20$1'HYHQILQGVWKH%OXHWRRWKGHYLFH
ZKHQLWLVQRWYLVLEOH
&20$1'
$FWLYDWHWKH%OXHWRRWKIXQFWLRQLQ
&20$1'SDJH
*HQHUDOQRWHV
%HIRUHXVLQJ\RXU%OXHWRRWKDXGLRGHYLFH
ZLWK&20$1'IRUWKHILUVWWLPH\RXZLOOQHHG
WRDXWKRUL]HLW
:KHQ\RXDXWKRUL]HDQHZ%OXHWRRWKDXGLR
GHYLFHLWLVFRQQHFWHGDXWRPDWLFDOO\
&RQQHFWLRQLQYROYHVILUVWVHDUFKLQJIRUD
%OXHWRRWKDXGLRGHYLFHDQGWKHQDXWKRUL]LQJ
LW
<RXFDQDXWKRUL]HXSWRILIWHHQ%OXHWRRWK
GHYLFHV
G,I\RXDXWKRUL]HDPRELOHSKRQHWKDW
VXSSRUWV%OXHWRRWKDXGLRWKH$'3DQG
$95&3%OXHWRRWKDXGLRSURILOHVDUH
FRQQHFWHGDXWRPDWLFDOO\
7KHPRELOHSKRQHLVWKHQHQWHUHG
=LQWKH%OXHWRRWKWHOHSKRQHOLVW
SDJH
=LQWKH%OXHWRRWKGHYLFHOLVW
SDJH
0HUFHGHV%HQ]UHFRPPHQGVDXWKRUL]LQJD
PRELOHSKRQHLQ%OXHWRRWKWHOHSKRQ\
SDJH
 %OXHWRRWKDXGLRPRGH
0HGLD
G,IWKHPRELOHSKRQHWKDWLVFRQQHFWHGRQO\
VXSSRUWVWZR%OXHWRRWKSURILOHVDWWKH
VDPHWLPH&20$1'IXQFWLRQVPD\
EHKDYHDVIROORZV
=ZKHQFRQQHFWLQJWRWKH,QWHUQHW
SOD\EDFNLVVWRSSHGRQWKH%OXHWRRWK
DXGLRGHYLFHSDJH
=ZKHQVWDUWLQJSOD\EDFNRQWKH
%OXHWRRWKDXGLRGHYLFHWKH,QWHUQHW
FRQQHFWLRQLVHQGHGSDJH
6HDUFKLQJIRUDQGDXWKRUL]LQJD
%OXHWRRWKDXGLRGHYLFH
6ZLWFKLQJWR%OXHWRRWKDXGLRPRGH
3UHVVWKHýEXWWRQ
7RVHOHFW%OXHWRRWK$XGLRIURPWKH
FDURXVHOPHQXWXUQDQGSUHVVWKH
FRQWUROOHU
$PHQXDSSHDUV
,I\RXVHHWKH1R%OXHWRRWK$XGLR
'HYLFH$XWKRUL]HGPHVVDJH\RXZLOO
QHHGWRDXWKRUL]HWKH%OXHWRRWKDXGLR
GHYLFHILUVW
7RVHOHFW2SWLRQVIURPWKH%OXHWRRWK
DXGLRPHQXVOLGHDQGSUHVVWKH
FRQWUROOHU
7RVHOHFW%OXHWRRWK$XGLR'HYLFHV
SUHVVWKHFRQWUROOHU
$QHZPHQXDSSHDUV
C%OXHWRRWKDXGLRSOD\HUZLWKLQUDQJHDQG
DOUHDG\DXWKRUL]HG
D1HZO\GHWHFWHGPRELOHSKRQHZLWK
%OXHWRRWKDXGLRIXQFWLRQLQUDQJH
7KH%OXHWRRWKGHYLFHOLVWGLVSOD\VDOO
DXWKRUL]HGGHYLFHVZKHWKHUWKH\DUHZLWKLQ
UDQJHRUQRW$IWHUDGHYLFHVHDUFKGHYLFHV
ZKLFKDUHZLWKLQUDQJHEXWQRWDXWKRUL]HGDUH
DOVRGLVSOD\HG
6HDUFKLQJIRU%OXHWRRWKDXGLR
7RVHOHFW6HDUFKIRU$XGLR'HYLFHV
SUHVVWKHFRQWUROOHU
$GLVSOD\ZLWKWH[WDSSHDUV
6HOHFW6WDUW6HDUFK
&20$1'VHDUFKHVIRU%OXHWRRWKDXGLR
GHYLFHVZLWKLQUDQJHDQGDGGVWKHPWRWKH
%OXHWRRWKGHYLFHOLVW
7KHGXUDWLRQRIWKHVHDUFKGHSHQGVRQWKH
QXPEHURI%OXHWRRWKDXGLRGHYLFHVZLWKLQ
UDQJHDQGWKHLUFKDUDFWHULVWLFV
G:LWKVRPH%OXHWRRWKDXGLRGHYLFHV
SOD\EDFNPXVWILUVWEHVWDUWHGRQWKHGHYLFH
LWVHOIVRWKDW&20$1'FDQSOD\WKHDXGLR
ILOHV%OXHWRRWKPXVWDOVREHJLYHQDVD
PHGLDRXWSXWORFDWLRQIRUWKHDXGLRGHYLFH
XVHG
$XWKRUL]LQJ%OXHWRRWKDXGLR
6HOHFWD%OXHWRRWKDXGLRGHYLFHWKDWKDV
QRW\HWEHHQDXWKRUL]HGIURPWKHOLVWWXUQ
DQGSUHVVWKHFRQWUROOHU
$XWKRUL]DWLRQVWDUWV
'HSHQGLQJRQWKH%OXHWRRWKDXGLRGHYLFH
XVHG\RXQRZKDYHWZRRSWLRQVIRU
FRQWLQXLQJZLWKDXWKRUL]DWLRQ
%OXHWRRWKDXGLRPRGH 
0HGLD
2SWLRQHQWHULQJWKHSDVVNH\
<RXFDQILQGLQIRUPDWLRQRQWKLVLQWKH
$XWKRUL]LQJUHJLVWHULQJDPRELOHSKRQH
VHFWLRQSDJH
$IWHUVXFFHVVIXODXWKRUL]DWLRQWKH
%OXHWRRWKDXGLRGHYLFHLVFRQQHFWHGDQG
VWDUWVSOD\LQJ
2SWLRQ6HFXUH6LPSOH3DLULQJ
G7KH%OXHWRRWKDXGLRGHYLFHPXVW
VXSSRUW%OXHWRRWKYHUVLRQIRU
FRQQHFWLRQYLD6HFXUH6LPSOH3DLULQJ
&20$1'FUHDWHVDVL[GLJLWFRGHZKLFKLV
GLVSOD\HGRQERWKGHYLFHVWKDWDUHWREH
FRQQHFWHG
)RUVRPH%OXHWRRWKDXGLRGHYLFHVWKH
SDLULQJPXVWEHFRQILUPHGZLWKLQ
VHFRQGV
,IWKHQXPEHUFRGHGLVSOD\HGRQ
&20$1'DQGRQWKH%OXHWRRWKDXGLR
GHYLFHLVWKHVDPHVHOHFW
<HV
SUHVVWKH
FRQWUROOHU
,I\RXVHOHFW
<HV
DXWKRUL]DWLRQFRQWLQXHV
DQGWKH%OXHWRRWKDXGLRGHYLFHLV
FRQQHFWHG3OD\EDFNVWDUWV
,I\RXVHOHFW
1R
DXWKRUL]DWLRQZLOOEH
FDQFHOHG
([WHUQDODXWKRUL]DWLRQ
,I&20$1'GRHVQRWILQG\RXU%OXHWRRWK
DXGLRGHYLFHWKLVPD\EHGXHWRSDUWLFXODU
VHFXULW\VHWWLQJVRQ\RXU%OXHWRRWKDXGLR
GHYLFH,QWKLVFDVHFKHFNZKHWKHU\RXU
%OXHWRRWKDXGLRGHYLFHFDQORFDWH
&20$1'
7KH%OXHWRRWKGHYLFHQDPHIRU&20$1'LV
0%%OXHWRRWK
6ZLWFKRQ%OXHWRRWKDXGLRPRGH
SDJH
7RVHOHFW
2SWLRQV
VOLGHDQGSUHVV
WKHFRQWUROOHU
7RVHOHFW
%OXHWRRWK$XGLR'HYLFHV
SUHVVWKHFRQWUROOHU
7RVHOHFW
&RQQHFWYLD$XGLR'HYLFH
WXUQDQGSUHVVWKHFRQWUROOHU
$XWKRUL]LQJ
6WDUWWKHDXWKRUL]DWLRQRQWKH%OXHWRRWK
DXGLRGHYLFHVHHWKHRSHUDWLQJ
LQVWUXFWLRQVRIWKH%OXHWRRWKDXGLR
GHYLFH
$IWHUVXFFHVVIXODXWKRUL]DWLRQWKH
%OXHWRRWKDXGLRGHYLFHLVFRQQHFWHGDQG
VWDUWVSOD\LQJ
G:LWKVRPH%OXHWRRWKDXGLRGHYLFHV
SOD\EDFNPXVWILUVWEHVWDUWHGRQWKHGHYLFH
LWVHOIVRWKDW&20$1'FDQSOD\WKHDXGLR
ILOHV
5HFRQQHFWLQJD%OXHWRRWKDXGLR
GHYLFH
7KH%OXHWRRWKDXGLRSURILOHVDUHFRQQHFWHG
DXWRPDWLFDOO\XQGHUWKHIROORZLQJ
FLUFXPVWDQFHV
=RQHRIWKHODVWWZRPRELOHSKRQHVWRKDYH
EHHQFRQQHFWHGKDVDOVREHHQXVHGDVD
%OXHWRRWKDXGLRSOD\HULIWKLVIXQFWLRQLV
VXSSRUWHGE\WKHPRELOHSKRQH
=WKHPRELOHSKRQHLVDXWRPDWLFDOO\
FRQQHFWHG7KH%OXHWRRWKDXGLRSOD\HULV
WKHQFRQQHFWHG
G)RUDQDXWRPDWLFFRQQHFWLRQZLWK
&20$1'WKHWHOHSKRQHPXVWEHZLWKLQ
UDQJH
 %OXHWRRWKDXGLRPRGH
0HGLD
)RUPRVW%OXHWRRWKDXGLRGHYLFHVWKH
DXWRPDWLFFRQQHFWLRQPXVWEHDFWLYDWHG
E\FKHFNLQJDER['HSHQGLQJRQWKH
GHYLFHXVHGWKLVSURPSWRIWHQWDNHVSODFH
ZKHQDXWKRUL]LQJVHHWKH%OXHWRRWKDXGLR
GHYLFHRSHUDWLQJLQVWUXFWLRQV
,IWKH1R%OXHWRRWK$XGLR'HYLFH
&RQQHFWHGPHVVDJHDSSHDUV\RXKDYHWZR
RSWLRQVWRUHFRQQHFWWKH%OXHWRRWKDXGLR
GHYLFH
2SWLRQ
7RFRQILUP&RQQHFW/DVW'HYLFHLQWKH
EDVLFGLVSOD\SUHVVWKHFRQWUROOHU
,I&20$1'FDQORFDWHWKH%OXHWRRWK
DXGLRGHYLFHLWZLOOEHFRQQHFWHGDQGZLOO
VWDUWSOD\LQJ
2SWLRQ
7RVHOHFW2SWLRQVVOLGHDQGSUHVV
WKHFRQWUROOHU
7RVHOHFW%OXHWRRWK$XGLR'HYLFHV
SUHVVWKHFRQWUROOHU
7RVHOHFWD%OXHWRRWKDXGLRGHYLFHWXUQ
DQGSUHVVWKHFRQWUROOHU
,IWKH%OXHWRRWKDXGLRGHYLFHKDVEHHQ
DXWKRUL]HGSOD\EDFNVWDUWV
%OXHWRRWKDXGLRGHYLFHDQG
VLPXOWDQHRXVVHDUFKIRUPRELOH
SKRQHV
G:KHQVHDUFKLQJIRUDPRELOHSKRQHRUD
QHZ%OXHWRRWKDXGLRGHYLFHWKH
FRQQHFWLRQWRDQDOUHDG\DFWLYDWHG
%OXHWRRWKDXGLRGHYLFHLVVHSDUDWHG
SDJH
,QWKH%OXHWRRWKDXGLREDVLFGLVSOD\\RXZLOO
VHHWKH1R%OXHWRRWK$XGLR'HYLFH
&RQQHFWHGPHVVDJHDQGWKH&RQQHFW/DVW
'HYLFHPHQXLWHPFDQQRWEHVHOHFWHG
'LVSOD\LQJGHWDLOV
7RVHOHFWD%OXHWRRWKDXGLRGHYLFHIURP
WKH%OXHWRRWKGHYLFHOLVWWXUQWKH
FRQWUROOHU
7RVHOHFWWKHV\PEROWRWKHULJKWRIWKH
%OXHWRRWKDXGLRGHYLFHVOLGHRWKH
FRQWUROOHU
7RVHOHFW'HWDLOVWXUQDQGSUHVVWKH
FRQWUROOHU
7KHIROORZLQJLQIRUPDWLRQFRQFHUQLQJWKH
VHOHFWHGPRELOHSKRQHLVVKRZQ
=%OXHWRRWKQDPH
=%OXHWRRWKDGGUHVV
=DYDLODELOLW\VWDWXVVKRZQDIWHUDQ
XSGDWH
=DXWKRUL]DWLRQVWDWXV
7RFORVHWKHGHWDLOHGGLVSOD\SUHVVWKH
8EXWWRQ
'HDXWKRUL]LQJGHUHJLVWHULQJD
%OXHWRRWKDXGLRGHYLFH
7RVHOHFWD%OXHWRRWKDXGLRGHYLFHIURP
WKH%OXHWRRWKGHYLFHOLVWWXUQWKH
FRQWUROOHU
7RVHOHFWWKHV\PEROWRWKHULJKWRIWKH
%OXHWRRWKDXGLRGHYLFHVOLGHRDQG
SUHVVWKHFRQWUROOHU
7RVHOHFW'HDXWKRUL]HSUHVVWKH
FRQWUROOHU
$SURPSWDSSHDUVDVNLQJZKHWKHU\RX
UHDOO\ZLVKWRGHDXWKRUL]HWKLVGHYLFH
7RVHOHFW<HVRU1RWXUQWKHFRQWUROOHUDQG
SUHVVWRFRQILUP
,I\RXVHOHFW<HVWKHGHYLFHZLOOEHGHOHWHG
IURPWKH%OXHWRRWKGHYLFHOLVW
,I\RXVHOHFW1RWKHSURFHVVZLOOEH
FDQFHOHG
G%HIRUHUHDXWKRUL]LQJWKH%OXHWRRWK
DXGLRGHYLFH\RXVKRXOGDOVRGHOHWHWKH
GHYLFHQDPH0%%OXHWRRWKIURP\RXU
%OXHWRRWKDXGLRGHYLFHV%OXHWRRWKOLVW
%OXHWRRWKDXGLRPRGH 
0HGLD
VHHWKH%OXHWRRWKDXGLRGHYLFHV
RSHUDWLQJLQVWUXFWLRQV
6ZLWFKLQJWR%OXHWRRWKDXGLRPRGH
%DVLFGLVSOD\
C$XGLRWUDQVPLVVLRQVWDWXVGHSHQGLQJRQ
WKH%OXHWRRWKDXGLRGHYLFHDOVRWLWOH
QDPHDQGDUWLVW
D'DWDPHGLXPSRVLWLRQLQWKHPHGLDOLVW
6RXQGVHWWLQJV
'HYLFHOLVW
7RVWRSÏRUVWDUWÐSOD\EDFN
1DPHRIWKHFRQQHFWHG%OXHWRRWKDXGLR
GHYLFHH[DPSOH
k2SWLRQVPHQX
6RPHPRELOHSKRQHVRQO\VXSSRUWWZR
%OXHWRRWKSURILOHVDWWKHVDPHWLPHHJ
+DQGV)UHH3URILOHIRU%OXHWRRWKWHOHSKRQ\
DQG%OXHWRRWKDXGLRSURILOHIRUDXGLR
VWUHDPLQJ,I\RXDFWLYDWH%OXHWRRWKDXGLR
PRGHDQGWKHUHLVDOUHDG\DQDFWLYH,QWHUQHW
FRQQHFWLRQWKLVFDQFDXVHWKHFRQQHFWLRQWR
EHWHUPLQDWHG
6ZLWFKLQJWR%OXHWRRWK$XGLR
3UHVVWKHýEXWWRQ
7RVHOHFW
%OXHWRRWK$XGLR
IURPWKH
PHGLDFDURXVHOWXUQDQGSUHVVWKH
FRQWUROOHU
&20$1'DFWLYDWHVWKH%OXHWRRWKDXGLR
GHYLFH7KHEDVLFGLVSOD\WKHQDSSHDUV
3OD\EDFNVWDUWV
G,IWKH%OXHWRRWKDXGLRGHYLFHFRQQHFWHG
VXSSRUWVPHWDGDWDDQGFRUUHVSRQGLQJGDWD
LVDYDLODEOHWKHQWKHDUWLVWWUDFNDQGDOEXP
QDPHFDQEHGLVSOD\HG
6WDUWLQJVWRSSLQJSOD\EDFN
7RVHOHFW6WDUWSOD\EDFNÐWXUQDQG
SUHVVWKHFRQWUROOHU
3OD\EDFNVWDUWVÏLVVHOHFWHG
7RVWRSSOD\EDFNVHOHFWÏ
$PHVVDJHDSSHDUVÐLVVHOHFWHG
7RFRQWLQXHSOD\EDFNVHOHFWÐ
$PHVVDJHDSSHDUVÏLVVHOHFWHG
6WDUWLQJSOD\EDFNLIWKH%OXHWRRWK
DXGLRGHYLFHKDVEHHQVWRSSHG
'XULQJWKHVHDUFKIRUPRELOHSKRQHVWKH
FRQQHFWLRQZLWKWKH%OXHWRRWKDXGLRGHYLFH
LVWHUPLQDWHGSDJH,QWKH
%OXHWRRWKDXGLREDVLFGLVSOD\SDJH
\RXZLOOVHHWKH
1R%OXHWRRWK$XGLR
'HYLFH&RQQHFWHG
PHVVDJHDQGWKH
&RQQHFW/DVW8VHG3OD\HU
PHQXLWHP
FDQQRWEHVHOHFWHG
:KHQWKHVHDUFKLVILQLVKHGWKH%OXHWRRWK
DXGLRGHYLFHFDQEHUHFRQQHFWHG
7RVHOHFW6WDUWSOD\EDFNÐVOLGH
DQGSUHVVWKHFRQWUROOHU
3OD\EDFNUHVXPHVIURPWKHEHJLQQLQJ
 %OXHWRRWKDXGLRPRGH
0HGLD
7RVHOHFW&RQQHFW/DVW8VHG3OD\HU
SUHVVWKHFRQWUROOHU
'HSHQGLQJRQWKH%OXHWRRWKDXGLRGHYLFH
XVHGSOD\EDFNVWDUWVLPPHGLDWHO\RU\RX
PXVWVWDUWSOD\EDFNPDQXDOO\
,QWKLVFDVH\RXZLOOVHHWKH%OXHWRRWK
$XGLR'HYLFH3DXVHGPHVVDJH
G,IWKHUHLVDQ,QWHUQHWFRQQHFWLRQDQGWKH
PRELOHSKRQHWKDWLVFRQQHFWHGRQO\
VXSSRUWVWZR%OXHWRRWKSURILOHVDWWKH
VDPHWLPHWKH,QWHUQHWFRQQHFWLRQLV
LQWHUUXSWHG
G7KHFRQQHFWLRQWRWKH%OXHWRRWKDXGLR
GHYLFHFDQDOVREHLQWHUUXSWHGLI
=WKHFRQQHFWHGPRELOHSKRQHRQO\
VXSSRUWV%OXHWRRWKSURILOHVDWWKH
VDPHWLPH
=\RXFRQQHFWWRWKH,QWHUQHWXVLQJ
&20$1'2QOLQHSDJH
6HOHFWLQJDWUDFN
7KLVIXQFWLRQLVQRWVXSSRUWHGE\DOO
%OXHWRRWKDXGLRGHYLFHV
6RPHPRELOHSKRQHVLPSDLUIXQFWLRQZLWK
UHJDUGWRWKHIROORZLQJFULWHULD
=WKHQXPEHURIWUDFNVWKDWFDQEHVHOHFWHG
=WKHWLPHSHULRGXQWLOWKHQH[WRUSUHYLRXV
WUDFNLVSOD\HG
6ZLWFKWKHPXOWLIXQFWLRQVWHHULQJZKHHOWR
WKHPHGLDPHQX
7RVNLSIRUZDUGVRUEDFNZDUGVWRD
WUDFNEULHIO\SUHVVWKHcRUd
EXWWRQRQWKHPXOWLIXQFWLRQVWHHULQJZKHHO
5DSLGVFUROOSUHVVDQGKROGWKHc
RUdEXWWRQRQWKHPXOWLIXQFWLRQ
VWHHULQJZKHHOXQWLOWKHGHVLUHGWUDFNLV
UHDFKHG
,I\RXSUHVVDQGKROGWKHcRUd
EXWWRQVWKHUDSLGVFUROOLQJVSHHG
LQFUHDVHVDIWHUDVKRUWWLPH
G,QUDSLGVFUROOWUDFNQDPHVDUHQRW
VKRZQEXWLQVWHDGRQO\7UDFN7UDFNHWF
7KHSOD\EDFNWLPHVIRUWKHWUDFNVSOD\HG
DUHQRWGLVSOD\HG7KLVLVDYDLODEOHDVDQ
RSWLRQDOIXQFWLRQVWDUWLQJZLWK$95&3
9HUVLRQ7KHUHLVDOVRQRPXVLFVHDUFK
RSWLRQDYDLODEOHZLWK%OXHWRRWK$XGLR
6HOHFWLQJSOD\EDFNRSWLRQV
,IWKH%OXHWRRWKDXGLRGHYLFHVXSSRUWVWKH
FRUUHVSRQGLQJIXQFWLRQWKHIROORZLQJRSWLRQV
DUHDYDLODEOH
=1RUPDO7UDFN6HTXHQFH
7KHWUDFNVDUHSOD\HGLQWKHQRUPDORUGHU
HJWUDFNHWF
$XGLRGDWDSOD\EDFNLVGHWHUPLQHGE\WKH
RUGHULQZKLFKWKHWUDFNVDUHZULWWHQWRWKH
GDWDPHGLXP$OSKDEHWLFDORUGHULVWKH
PRVWFRPPRQ2QFHDOOWKHWUDFNVLQD
IROGHUKDYHEHHQSOD\HGWKHWUDFNVLQWKH
QH[WIROGHUDUHSOD\HG
=5DQGRP7UDFN/LVW
7KHFXUUHQWWUDFNOLVWLVSOD\HGLQUDQGRP
RUGHUHJHWF
=5DQGRP0HGLXP
$OOWUDFNVRQWKHGDWDFDUULHUDUHSOD\HGLQ
UDQGRPRUGHUHJWUDFNHWF
5DQGRP0HGLXPLVDQRSWLRQDOIXQFWLRQDQG
LVQRWVXSSRUWHGE\DOO%OXHWRRWKDXGLR
GHYLFHV
%OXHWRRWKDXGLRPRGH 
0HGLD
6HOHFWLQJSOD\EDFNRSWLRQV
7RVHOHFW
2SWLRQV
WXUQDQGSUHVVWKH
FRQWUROOHU
6HOHFW
3OD\%DFN0XVLF
$6GRWLQGLFDWHVWKHFXUUHQWVHWWLQJ
6HOHFWWKHGHVLUHGRSWLRQ
,I\RXVHOHFW
5DQGRP7UDFN/LVW
\RXZLOO
VHHDFRUUHVSRQGLQJPHVVDJHLQWKH
GLVSOD\VHOHFWLRQZLQGRZ
,QFUHDVLQJWKHYROXPHXVLQJ&20$1'
7RVHOHFW
2SWLRQV
VOLGHDQGSUHVV
WKHFRQWUROOHU
7RVHOHFW
9ROXPH
WXUQDQGSUHVVWKH
FRQWUROOHU
$PHQXDSSHDUV7KH6GRWLQGLFDWHVWKH
FXUUHQWVHWWLQJ
6HOHFW
6WDQGDUG
RU
%RRVW
,QIRUPDWLRQRQVRXQGVHWWLQJV
SDJH
)XUWKHULQIRUPDWLRQ$XGLR$8;PRGH
SDJH
 %OXHWRRWKDXGLRPRGH
0HGLD
2SHUDWLRQZLWKWKH0HGLD,QWHUIDFH
3UHUHTXLVLWH
$QL3RGL3KRQH86%GHYLFHRU03SOD\HUPXVWEHFRQQHFWHGWRWKH0HGLD,QWHUIDFH<RX
ZLOOILQGWZR86%FRQQHFWLRQVRFNHWVLQWKHFHQWHUFRQVROHVWRZDJHFRPSDUWPHQW
%DVLFGLVSOD\RQFHDQ$SSOHGHYLFHLVFRQQHFWHG
0HGLD,QWHUIDFHLVDXQLYHUVDOLQWHUIDFHIRUWKHFRQQHFWLRQRIPRELOHDXGLRDQGYLGHRGHYLFHV
0HGLD,QWHUIDFHLQ&20$1'KDVWZR86%FRQQHFWLRQV
C$GGLWLRQDOGLVSOD\DUHDZLWKFRYHUYLHZ
D$UWLVWDQGDOEXP
0DLQIXQFWLRQEDU
'LVSOD\IRUWKHDFWLYHGDWDPHGLXP
0HGLDPHQXEDU
7LWOHGLVSOD\LQWKHPHGLDOLVW
k&XUUHQWWUDFNQXPEHULQWUDFNOLVW
l1XPHULFDOWLPHGLVSOD\
m*UDSKLFWLPHGLVSOD\
6ZLWFKLQJWR0HGLD,QWHUIDFH
0HGLD,QWHUIDFHLVDXQLYHUVDOLQWHUIDFHIRUWKH
FRQQHFWLRQRIPRELOHDXGLRDQGYLGHR
GHYLFHV0HGLD,QWHUIDFHLQ&20$1'KDVWZR
86%FRQQHFWLRQV7KH86%FRQQHFWLRQ
VRFNHWVDUHORFDWHGLQWKHVWRZDJH
FRPSDUWPHQWLQWKHFHQWHUFRQVROH
6ZLWFKLQJRQDXWRPDWLFDOO\
&RQQHFWDGDWDPHGLXPZLWKD86%SRUW
&20$1'VZLWFKHVRQWKH0HGLD,QWHUIDFH
DXWRPDWLFDOO\,ISOD\DEOHPHGLDILOHVDUH
IRXQGWKH\ZLOOEHSOD\HGE\&20$1',ID
PHGLDVRXUFHZDVSUHYLRXVO\VHOHFWHGWKH
0HGLD,QWHUIDFHEDVLFPHQXZLOODSSHDU)RU
DOORWKHU&20$1'IXQFWLRQVWKHGLVSOD\
ZLOOQRWFKDQJH
,I\RXUHPRYHDGHYLFHWKH1R'HYLFH
&RQQHFWHGPHVVDJHDSSHDUV
)XUWKHURSWLRQVIRUVZLWFKLQJRQ
=8VLQJWKHQXPEHUNH\SDGSDJH
=8VLQJWKHPDLQIXQFWLRQEDUSDJH
2SHUDWLRQZLWKWKH0HGLD,QWHUIDFH 
0HGLD
=8VLQJWKHGHYLFHOLVWSDJH
=8VLQJWKHýEXWWRQSDJH
6XSSRUWHGGHYLFHV
7KHIROORZLQJGDWDPHGLDFDQEHFRQQHFWHG
WR&20$1'YLDWKH0HGLD,QWHUIDFH
=L3RG
=L3KRQH
=L3DG
=03
=86%GHYLFHV
GL3RGL3KRQHDQGL3DGDUHUHJLVWHUHG
WUDGHPDUNVRI$SSOH,QF&XSHUWLQR
&DOLIRUQLD86$
G$XGLRILOHVSKRWRVDQGYLGHRILOHVFDQEH
SOD\HGEDFN
)RUGHWDLOVDQGDOLVWRIVXSSRUWHGGHYLFHV
YLVLWKWWSZZZPEXVDPRELOHFRP2U
FDOOWKH0HUFHGHV%HQ]&XVWRPHU$VVLVWDQFH
&HQWHUDW
)250(5&HGHVIRU
WKH86$RU&XVWRPHU5HODWLRQVDW
IRU&DQDGD
6XSSRUWHGGDWDIRUPDWV
0XVLF PSZPD
9LGHR PSHJZPYPRY
DYLPS
,PDJHV MSJMSHJEPSSQJ
6HOHFWLQJDPXVLFILOH
6HOHFWLQJZLWKWKHFRQWUROOHU
7RGLVSOD\WKHFXUUHQWWUDFNOLVWSUHVV
WKHFRQWUROOHULQWKHEDVLFGLVSOD\
7KHWUDFNOLVWIRUWKHDFWLYHGDWDPHGLXP
DSSHDUV
7RVHOHFWDWUDFNWXUQWKHFRQWUROOHUDQG
SUHVVWRFRQILUP
7RVNLSIRUZDUGVRUEDFNZDUGVWRD
WUDFNWXUQWKHFRQWUROOHULQWKHEDVLF
GLVSOD\
7KUHHWUDFNWLWOHVDUHVKRZQ7KHWUDFNWR
WKHIURQWLVSOD\HG
)DVWIRUZDUGUHZLQG
:LWKWKHPHGLDVRXUFHDFWLYHLQWKHEDVLF
GLVSOD\VOLGHRWKHFRQWUROOHUDQGKROG
LWXQWLOWKHGHVLUHGSRVLWLRQKDVEHHQ
UHDFKHG
6HDUFKIXQFWLRQ
6HOHFWLQJ6HDUFKXVLQJPHGLDPHQXEDU
6OLGHRdWKHFRQWUROOHU
7KHPHGLDPHQXEDUDSSHDUV
7RVHOHFW
6HDUFK
WXUQWKHFRQWUROOHUDQG
SUHVVWRFRQILUP
7KHFDWHJRU\OLVWDSSHDUV
2YHUYLHZ
7KHIROORZLQJFDWHJRULHVDUHOLVWHG
=
&XUUHQW7UDFNOLVW
=
)ROGHU
=
6HOHFW%\&RYHU
=
.H\ZRUG6HDUFK
=
3OD\OLVWV
=
$UWLVWV
=
$OEXPV
=
7LWOH
=
*HQUHV
=
<HDU
 2SHUDWLRQZLWKWKH0HGLD,QWHUIDFH
0HGLD
=&RPSRVHUV
=9LGHRV
=3KRWRV
G7KHIXQFWLRQVDUHDYDLODEOHDVVRRQDVWKH
HQWLUHPHGLDFRQWHQWKDVEHHQUHDGDQG
DQDO\]HG
,IWKHVDPHGHYLFHLVUHFRQQHFWHGZLWK
XQFKDQJHGPHGLDFRQWHQWWKHVHIXQFWLRQV
DUHDYDLODEOHPRUHTXLFNO\
:KHQFRQQHFWLQJ$SSOHGHYLFHVWKH
FDWHJRULHV³)ROGHU´³<HDU´DQG³3KRWRV´
DUHQRWDYDLODEOH
7RVHOHFWDFDWHJRU\VXFKDV&XUUHQW
7UDFNOLVWWXUQWKHFRQWUROOHUDQGSUHVV
WRFRQILUP
7KHVHOHFWLRQOLVWDSSHDUV
6HOHFWWKHUHTXLUHGWUDFN
.H\ZRUGVHDUFKXVLQJWKHFRQWUROOHU
HQWHUWKHFKDUDFWHUVIRUWKHGHVLUHGVHDUFK
WHUP2QFH&20$1'KDVIRXQGWKHWUDFN
\RXDUHORRNLQJIRULWVXSSOLHVWKHUHVWRI
WKHFKDUDFWHUVDQGSOD\VWKHWUDFN
SDJH
3OD\EDFNRSWLRQV
7RVHOHFWDSOD\EDFNRSWLRQZLWKDPHGLD
VRXUFHFRQQHFWHGVOLGHWKH
FRQWUROOHU
7KHPHGLDPHQXEDULVVKRZQ
7RVHOHFW2SWLRQVWXUQDQGSUHVVWKH
FRQWUROOHU
6HOHFWLQJSOD\EDFNRSWLRQVSDJH
9LGHRIXQFWLRQ
,ISOD\DEOHYLGHRILOHVDUHIRXQGWKH\ZLOOEH
SOD\HGE\&20$1'
7RVZLWFKRQIXOOVFUHHQPRGHSUHVVWKH
FRQWUROOHULQWKHEDVLFGLVSOD\
7RVKRZWKHYLGHRPHQXVOLGHWKH
FRQWUROOHULQIXOOVFUHHQPRGH
7KH0HGLD,QWHUIDFHPHQXEDUDSSHDUV
7RVHOHFW2SWLRQVWXUQDQGSUHVVWKH
FRQWUROOHU
6HOHFW9LGHR6HWWLQJV
2SHUDWLQJ9LGHR6HWWLQJVSDJH
2SHUDWLRQZLWKWKH0HGLD,QWHUIDFH 
0HGLD
$XGLR$8;PRGH
1RWHVRQDXGLR$8;PRGH
([WHUQDODXGLRVRXUFHVPD\KDYHGLIIHUHQW
YROXPHVZKLFKFDQPHDQWKDWV\VWHP
PHVVDJHVVXFKDVWUDIILFDQQRXQFHPHQWVDQG
QDYLJDWLRQV\VWHPDQQRXQFHPHQWVDUHPXFK
ORXGHU,IQHFHVVDU\GHDFWLYDWHWKHV\VWHP
PHVVDJHVRUDGMXVWWKHLUYROXPHPDQXDOO\
$8;DOVRSURYLGHVWKHRSWLRQRIFRQQHFWLQJD
0HGLD3OD\HUWR&20$1'
7RFRQQHFWDQH[WHUQDODXGLRVRXUFHWRWKH
DXGLR$8;\RXZLOOUHTXLUHDQDXGLR$8;
FDEOH
G<RXZLOOILQGIXUWKHULQIRUPDWLRQRQOLQHDW
KWWSZZZPEXVDPRELOHFRP2UFDOO
WKH0HUFHGHV%HQ]&XVWRPHU$VVLVWDQFH
&HQWHUDW
)250(5&HGHV
IRUWKH86$RU&XVWRPHU5HODWLRQVDW
IRU&DQDGD
6ZLWFKLQJWRDXGLR$8;PRGH
&RQQHFWDQH[WHUQDODXGLRVRXUFH
7KHVRFNHWIRUWKHDXGLR$8;MDFNLVORFDWHG
LQWKHVWRZDJHFRPSDUWPHQWLQWKHFHQWHU
FRQVROH
7KHDXGLR$8;LVQRWVHOHFWHG
DXWRPDWLFDOO\
3UHVVWKHýEXWWRQ
7KHPHQXIRUWKHODVWDFFHVVHGPHGLD
VRXUFHDSSHDUV
7RVHOHFW
0HGLD
LQWKHPDLQIXQFWLRQEDU
WXUQWKHFRQWUROOHUDQGSUHVVWRFRQILUP
7KHFDURXVHOPHQXDSSHDUV
6HOHFW
$X[
7KHDXGLR$8;PHQXDSSHDUV7KHPHGLXP
LVSOD\HGLIWKHDXGLRVRXUFHLVVZLWFKHGRQ
DQGSOD\EDFNLVDFWLYDWHG
3OHDVHVHHWKHUHVSHFWLYHRSHUDWLQJ
LQVWUXFWLRQVIRUKRZWRRSHUDWHWKHH[WHUQDO
DXGLRVRXUFH
6HWWLQJWKHDXGLR$8;RSWLRQV
7RVHOHFW
2SWLRQV
LQWKHPHQXEDUVOLGH
DQGSUHVVWKHFRQWUROOHU
$PHQXDSSHDUV<RXFDQVHW
0RQR
6WHUHR

9ROXPH
DQG
7$
0RQRVWHUHR
7RVHOHFW
0RQR6WHUHR
WXUQDQGSUHVVWKH
FRQWUROOHU
$PHQXDSSHDUV
6HOHFW
0RQR
RU
6WHUHR
7KH6GRWLQGLFDWHVWKHFXUUHQWVHWWLQJ
 $XGLR$8;PRGH
0HGLD
9ROXPH
6HOHFW9ROXPH
6HOHFW6WDQGDUGRU%RRVW
6WDQGDUGWKHYROXPHRIWKHH[WHUQDODXGLR
VRXUFHLVDGMXVWHGWRDVWDQGDUGYDOXH
%RRVWWKHYROXPHRIWKHH[WHUQDODXGLR
VRXUFHLVUDLVHGE\DSSUR[LPDWHO\G%
7KH6GRWLQGLFDWHVWKHFXUUHQWVHWWLQJ
7UDIILFDQQRXQFHPHQW
7RVHOHFW7$WXUQWKHFRQWUROOHUDQGSUHVV
WRFRQILUP
<RXKDYHVZLWFKHGWUDIILFDQQRXQFHPHQWV
RQsRURIIS
$GHYLFHZKLFKLVFRQQHFWHGDVDQH[WHUQDO
DXGLRVRXUFHPD\VHHPTXLHWHURUORXGHULQ
WKHYHKLFOHRUWKHXVXDOPD[LPXPYROXPH
FDQQRWEHDFKLHYHG2QVRPHGHYLFHVLWLV
SRVVLEOHWRDGMXVWWKHYROXPHVHSDUDWHO\,Q
WKLVFDVHVWDUWDWDPHGLXPYROXPHDQG
LQFUHDVHLWJUDGXDOO\7KLVHQDEOHV\RXWR
GHWHUPLQHZKHWKHUWKHV\VWHPLVDEOHWRSOD\
WKHPXVLFDWKLJKYROXPHZLWKRXWGLVWRUWLQJ
LW
$8;YLGHRPRGH
&RQQHFWLQJH[WHUQDOYLGHRVRXUFHV
:$51,1*
([WHUQDOYLGHRVRXUFHVPD\KDYHGLIIHUHQW
YROXPHVZKLFKFDQPHDQWKDWV\VWHP
PHVVDJHVVXFKDVWUDIILFDQQRXQFHPHQWVDQG
QDYLJDWLRQV\VWHPDQQRXQFHPHQWVDUHPXFK
ORXGHU,IQHFHVVDU\SOHDVHGHDFWLYDWHWKH
V\VWHPPHVVDJHVRUDGMXVWWKHLUYROXPH
PDQXDOO\
9LGHR$8;LVDIXUWKHURSWLRQIRUVKRZLQJ
YLGHRVYLD&20$1'
7RFRQQHFWDQH[WHUQDOYLGHRVRXUFHWRWKH
YLGHR$8;\RXZLOOUHTXLUHDYLGHR$8;FDEOH
G,I\RXRQO\XVHDQDXGLR$8;FDEOH\RX
ZLOORQO\EHDEOHWRKHDUWKHVRXQGIURPWKH
YLGHREHLQJSOD\HG
9LGHRVFDQQRWEHVKRZQRQWKHGULYHUV
VLGHZKLOHWKHYHKLFOHLVLQPRWLRQ
6ZLWFKLQJWR$8;YLGHRPRGH
&RQQHFWWKHH[WHUQDOYLGHRVRXUFH
7KHVRFNHWIRUWKHYLGHR$8;MDFNLVORFDWHG
LQWKHVWRZDJHFRPSDUWPHQWLQWKHFHQWHU
FRQVROH
7KHYLGHR$8;LVQRWVHOHFWHG
DXWRPDWLFDOO\
3UHVVWKHýEXWWRQ
7KHPHQXIRUWKHODVWDFFHVVHGPHGLD
VRXUFHDSSHDUV
7RVHOHFW0HGLDLQWKHPDLQIXQFWLRQEDU
WXUQWKHFRQWUROOHUDQGSUHVVWRFRQILUP
7KHFDURXVHOPHQXDSSHDUV
6HOHFW$8;
7KH$8;YLGHRPHQXDSSHDUV
7RVHOHFW$XGLR9LGHRLQWKHPHQXEDU
VOLGHDQGSUHVVWKHFRQWUROOHU
$6RXUFH7\SH6HOHFWLRQPHQX
DSSHDUV
6HOHFW9LGHR
7KH6GRWLQGLFDWHVWKHFXUUHQWVHWWLQJ
,IWKHYLGHRVRXUFHLVFRQQHFWHGDQG
SOD\EDFNVHOHFWHGWKHLPDJHIURPWKH
H[WHUQDOYLGHRVRXUFHZLOODSSHDULI9LGHR
LVVHOHFWHG
3OHDVHVHHWKHFRUUHVSRQGLQJGHYLFH
RSHUDWLQJLQVWUXFWLRQVIRULQIRUPDWLRQRQKRZ
WRRSHUDWHWKHH[WHUQDOYLGHRVRXUFH
,QIRUPDWLRQRQ
=6RXQGVHWWLQJVSDJH
$8;YLGHRPRGH 
0HGLD
6ZLWFKLQJIXOOVFUHHQPRGHRQRII
7RVZLWFKRQVOLGHRWKHFRQWUROOHULQ
YLGHR$8;PRGH
7KHPHQXEDUVGLVDSSHDU
7KHIXOOVFUHHQV\PERODSSHDUVSUHVVWKH
FRQWUROOHU
7KHIXOOVFUHHQDSSHDUV
7RVZLWFKRIISUHVVWKHFRQWUROOHU
7KHPHQXLVGLVSOD\HG
6HWWLQJIXUWKHURSWLRQV
7RVHOHFW
2SWLRQV
LQWKHPHQXEDUVOLGH
DQGSUHVVWKHFRQWUROOHU
$PHQXDSSHDUV<RXFDQVHW
9LGHR
6HWWLQJV

0RQR6WHUHR

9ROXPH
DQG
7$
9LGHRVHWWLQJV
6HOHFW
9LGHR6HWWLQJV
6HOHFWWKHSUHIHUUHGVFUHHQIRUPDWHJ

RU
$XWRPDWLF'D\OLJKW
$GMXVWPHQW
7KHVFUHHQIRUPDWLVDGMXVWHG
7KH6GRWLQGLFDWHVWKHFXUUHQWVHWWLQJ
0RQRVWHUHR
7RVHOHFW
0RQR6WHUHR
WXUQDQGSUHVVWKH
FRQWUROOHU
6HOHFW
0RQR
RU
6WHUHR
7KH6GRWLQGLFDWHVWKHFXUUHQWVHWWLQJ
9ROXPH
6HOHFW
9ROXPH
6HOHFW
6WDQGDUG
RU
%RRVW
6WDQGDUG
WKHYROXPHRIWKHH[WHUQDODXGLR
VRXUFHLVDGMXVWHGWRDVWDQGDUGYDOXH
%RRVW
WKHYROXPHRIWKHH[WHUQDODXGLR
VRXUFHLVUDLVHGE\DSSUR[LPDWHO\G%
7KH6GRWLQGLFDWHVWKHFXUUHQWVHWWLQJ
7UDIILFDQQRXQFHPHQW
7RVHOHFW
7$
WXUQWKHFRQWUROOHUDQGSUHVV
WRFRQILUP
<RXKDYHVZLWFKHGWUDIILFDQQRXQFHPHQWV
RQsRURIIS
9LGHR'9'PRGH
,PSRUWDQWVDIHW\QRWHV
:$51,1*
7KH&''9'GULYHLVDFODVVODVHUSURGXFW
,I\RXRSHQWKH&''9'GULYHKRXVLQJ\RX
FRXOGEHH[SRVHGWRLQYLVLEOHODVHUUDGLDWLRQ
7KLVODVHUUDGLDWLRQFRXOGGDPDJH\RXUUHWLQD
7KHUHLVDULVNRILQMXU\
1HYHURSHQWKHKRXVLQJ$OZD\VKDYH
PDLQWHQDQFHDQGUHSDLUZRUNFDUULHGRXWDWD
TXDOLILHGVSHFLDOLVWZRUNVKRS
:$51,1*
+DQGOLQJGLVFVZKLOHGULYLQJPD\GLVWUDFW\RX
IURPWUDIILFFRQGLWLRQV<RXFRXOGDOVRORVH
FRQWURORIWKHYHKLFOH7KHUHLVDULVNRIDQ
DFFLGHQW
+DQGOHGLVFVRQO\ZKHQWKHYHKLFOHLV
VWDWLRQDU\
%HDULQPLQGWKDWDWDVSHHGRIRQO\PSK
DSSUR[LPDWHO\NPK\RXUYHKLFOHFRYHUV
 9LGHR'9'PRGH
0HGLD
DGLVWDQFHRIIHHWDSSUR[LPDWHO\P
HYHU\VHFRQG
1RWHVRQGLVFV
'RQRWDIIL[VWLFNHUVRUODEHOVWRWKHGLVFV
7KH\FRXOGSHHORIIDQGGDPDJH&20$1'
6WLFNHUVFDQFDXVHWKHGLVFWREHQGZKLFK
FDQUHVXOWLQUHDGHUURUVDQGGLVF
UHFRJQLWLRQSUREOHPV
&20$1'LVGHVLJQHGWRSOD\GLVFVWKDW
FRPSO\ZLWKWKH(1VWDQGDUG
7KHUHIRUH\RXFDQRQO\XVHGLVFVZLWKD
PD[LPXPWKLFNQHVVRIPP
,I\RXLQVHUWWKLFNHUGLVFVHJWKRVHWKDW
FRQWDLQGDWDRQERWKVLGHV'9'RQRQH
VLGHDQGDXGLRGDWDRQWKHRWKHUWKH\
FDQQRWEHHMHFWHGDQGFDQGDPDJHWKH
GHYLFH
2QO\XVHURXQGGLVFVZLWKDGLDPHWHURI
FP'RQRWXVHGLVFVZLWKDGLDPHWHURI
FPHYHQZLWKDQDGDSWHU
7KHYDULHW\RIGDWDPHGLDEXUQHUVDQGEXUQ
VRIWZDUHPHDQVWKHUHLVQRJXDUDQWHHWKDW
WKHV\VWHPZLOOEHDEOHWRSOD\GLVFVWKDW\RX
KDYHFRSLHG\RXUVHOI
'9'SOD\EDFNFRQGLWLRQV
,IYLGHR'9'VGRQRWFRQIRUPWRWKH176&RU
3$/79VWDQGDUGVWKH\PD\FUHDWHSLFWXUH
VRXQGRURWKHUSUREOHPVGXULQJSOD\EDFN
&20$1'LVFDSDEOHRISOD\LQJEDFNYLGHR
'9'VSURGXFHGDFFRUGLQJWRWKHIROORZLQJ
VWDQGDUGV
=5HJLRQFRGHRUUHJLRQFRGHQRUHJLRQ
FRGH
=3$/RU176&VWDQGDUG
<RXZLOOJHQHUDOO\ILQGWKHUHOHYDQWGHWDLOV
HLWKHURQWKH'9'LWVHOIRURQWKH'9'FDVH
G,I\RXLQVHUWDYLGHR'9'ZLWKDGLIIHUHQW
UHJLRQFRGHDPHVVDJHWRWKLVHIIHFW
DSSHDUV
G&20$1'LVVHWWRUHJLRQFRGHDWWKH
IDFWRU\7KLVVHWWLQJFDQEHFKDQJHGDWDQ
DXWKRUL]HG0HUFHGHV%HQ]&HQWHU,WLVDOVR
SRVVLEOHWRSOD\YLGHR'9'VZLWKDGLIIHUHQW
UHJLRQFRGHSURYLGHGWKDWWKH\DUH
SURGXFHGLQDFFRUGDQFHZLWKWKH3$/RU
176&79VWDQGDUG7KHUHJLRQFRGHFDQEH
FKDQJHGXSWRILYHWLPHV
&RQWURORSWLRQV
7KHUHDUHIRXUFRQWUROPHQXVDYDLODEOHLQ
YLGHR'9'PRGH
0RVW'9'VKDYHWKHLURZQFRQWUROPHQX
7KH'9'VFRQWUROPHQXLVRSHUDWHGGLUHFWO\
XVLQJWKHFRQWUROOHURU'9'IXQFWLRQV
&RQWURO
PHQX
)XQFWLRQ 2SHUDWLRQ
'9'V
FRQWURO
PHQX
7LWOHVFHQH
ODQJXDJH
VXEWLWOHV
2SHUDWLRQ
ZLWKWKH
FRQWUROOHU
2SWLRQV
PHQX
%ULJKWQHVV
FRQWUDVW
FRORUIRUPDW
2SHUDWLRQ
XVLQJWKH
PHQXEDU
RSWLRQV
YLGHR
VHWWLQJV
9LGHRPHQX 6HOHFWLRQRI
VFHQHIDVW
IRUZDUG
UHZLQG
,QIXOOVFUHHQ
PRGHVOLGH
WKH
FRQWUROOHU
'9'
IXQFWLRQV
7LWOHVFHQH
ODQJXDJH
VXEWLWOHV
,QIXOOVFUHHQ
PRGHSUHVV
WKH
FRQWUROOHU
)XQFWLRQUHVWULFWLRQV
'HSHQGLQJRQWKH'9'FHUWDLQIXQFWLRQVRU
DFWLRQVPD\QRWIXQFWLRQDWDOO7KHV\PERO
GDSSHDUVLQWKHGLVSOD\
9LGHR'9'PRGH 
0HGLD
6ZLWFKLQJWRYLGHR'9'PRGH
=,QVHUWDQGHMHFWDGLVFIURPWKHVLQJOHGULYH
SDJH
=,QVHUWDGLVFLQWRWKH'9'FKDQJHU
SDJH
=(MHFWDGLVFIURPWKH'9'FKDQJHU
SDJH
)XUWKHURSWLRQVIRUVZLWFKLQJRQ
=8VHWKHQXPEHUNH\SDGSDJH
=8VHWKHPDLQIXQFWLRQEDUSDJH
=8VHWKHGHYLFHOLVWSDJH
=8VHWKHýEXWWRQSDJH
 9LGHR'9'PRGH
0HGLD
'9'RYHUYLHZ
C6WDWXVEDU
D0DLQIXQFWLRQEDU
0DLQGLVSOD\ILHOG
0HGLDPHQXEDU
&OLPDWHFRQWUROVWDWXVEDU
$GGLWLRQDOGLVSOD\DUHDZLWKWLWOHVFHQHDQGWLPHGLVSOD\
7KH'9'EDVLFGLVSOD\DSSHDUVRQFHWKH'9'KDVEHHQLQVHUWHG
'9'IXOOVFUHHQPRGH
2QFHWKH'9'KDVEHHQLQVHUWHGWKHGLVFLV
SOD\HG7KHYLGHRZLOOILUVWDSSHDULQWKH
RYHUYLHZGLVSOD\
7RVHWIXOOVFUHHQPRGHVOLGHRWKH
FRQWUROOHU
7KHPDLQIXQFWLRQEDUDQGPHQXEDUDUH
KLGGHQ$IXOOVFUHHQV\PEROZLOOEHVKRZQ
3UHVVWKHFRQWUROOHU
7KHIXOOVFUHHQPRGHDSSHDUV
6KRZLQJWKH'9'EDVLFGLVSOD\LQIXOO
VFUHHQPRGHVOLGHWKHFRQWUROOHU
7KHYLGHRPHQXDSSHDUV
3UHVVWKHFRQWUROOHU
7KHEDVLFGLVSOD\DSSHDUV
0HQXRSWLRQV
7RVHOHFWRSWLRQVLQIXOOVFUHHQPRGH
VOLGHWKHFRQWUROOHU
7KHYLGHRPHQXDSSHDUV
3UHVVWKHFRQWUROOHU
7KH'9'EDVLFGLVSOD\DSSHDUV
7RVHOHFW2SWLRQVLQWKHPHQXEDUWXUQ
DQGSUHVVWKHFRQWUROOHU
7KH2SWLRQVPHQXDSSHDUV
9LGHR'9'PRGH 
0HGLD
6NLSWRWLPH
7RVHOHFW
6NLSWR7LPH
WXUQDQGSUHVVWKH
FRQWUROOHU
$PHQXDSSHDUV
7RVHWWKHWLPHWXUQWKHFRQWUROOHU
RU
6HWWKHGHVLUHGWLPHXVLQJWKHQXPEHU
NH\SDG
7RKLGHWKHPHQXSUHVVWKH8EXWWRQ
'9'IXQFWLRQV
7RVHOHFW
'9')XQFWLRQV
WXUQDQGSUHVV
WKHFRQWUROOHU
$PHQXDSSHDUVSDJH
6WDUWDWDGLIIHUHQWVHDW
7RVHOHFW
6WDUWWKLVDSSOLFDWLRQLQ
RWKHUORFDWLRQ
WXUQDQGSUHVVWKH
FRQWUROOHU
7KHPHQXDSSHDUVSDJH
G$FWLYDWLQJWKHSDUHQWDOFRQWUROVFUHHQ
SDJH
9LGHRVHWWLQJV
7KH
'\QDPLF,PDJH(QKDQFHPHQW
IXQFWLRQ
DXWRPDWLFDOO\PDWFKHV
%ULJKWQHVV
&RQWUDVW
DQG
&RORU
WRWKHILOPEHLQJSOD\HG
&KHFNRUXQFKHFNWKHER[IRU
'\QDPLF
,PDJH(QKDQFHPHQW
WRVZLWFKLWRQRURII
0DQXDOLPDJHHQKDQFHPHQW
,QRUGHUWRPDQXDOO\DGMXVWWKHEULJKWQHVV
FRQWUDVWRUFRORUWKH
'\QDPLF,PDJH
(QKDQFHPHQW
IXQFWLRQPXVWEHVZLWFKHGRII
7RVHOHFW
%ULJKWQHVV

&RQWUDVW
RU
&RORU
WXUQDQGSUHVVWKHFRQWUROOHU
$VOLGLQJPHQXDSSHDUV
7RVHOHFWWKHUHTXLUHGYDOXHWXUQWKH
FRQWUROOHU
7RH[LWWKHVOLGLQJPHQXVOLGHRWKH
FRQWUROOHU
7RVZLWFKWKH
$XWRPDWLF'D\OLJKW
$GMXVWPHQW
RQRIISUHVVWKHFRQWUROOHU
6HWWLQJWKHSLFWXUHIRUPDW
7KHIROORZLQJRSWLRQVDUHDYDLODEOHIRUWKH
VFUHHQIRUPDWLQWKH'9'SOD\LQJ
=
$XWRPDWLF
=

=

=
=RRP
7RVHWWKHSLFWXUHIRUPDWWXUQDQGSUHVV
WKHFRQWUROOHU
7KHGRWEHIRUHWKHPHQXHQWU\VKRZVWKH
VHOHFWHGIRUPDW
'9'VFRQWUROPHQX
0RVW'9'VKDYHWKHLURZQFRQWUROPHQX
ZKLFKFDQEHRSHUDWHGXVLQJWKHFRQWUROOHU
 9LGHR'9'PRGH
0HGLD
7RVKRZWKH'9'VFRQWUROPHQXVHOHFW
0HQXLQWKH'9'IXQFWLRQVPHQXWXUQDQG
SUHVVWKHFRQWUROOHU
7KH'9'IXQFWLRQVPHQXLVKLGGHQDQGWKH
'9'VPHQXHQWULHVHJVFHQHVODQJXDJH
WUDLOHUVDUHGLVSOD\HG
7RVHOHFWDPHQXHQWU\WXUQDQGSUHVVWKH
FRQWUROOHU
9LGHRPHQX
C7\SHRIGDWDPHGLXP
D&XUUHQWWLWOH
6KRZVWKHPHQXEDUVIRUWKH'9'EDVLF
GLVSOD\
&XUUHQWVFHQH
7UDFNWLPH
2SHUDWLQJWKHYLGHRPHQX
7RVKRZLQIXOOVFUHHQYLGHRPRGHVOLGH
RdWKHFRQWUROOHU
7RKLGHVOLGHRWKHFRQWUROOHU
7RVHOHFWWKHQH[WSUHYLRXVVFHQHWXUQWKH
FRQWUROOHUWRWKHFORFNZLVHFRXQWHU
FORFNZLVH
7RIDVWIRUZDUGUHZLQGVOLGHRDQG
KROGWKHFRQWUROOHUXQWLOWKHGHVLUHG
SRVLWLRQKDVEHHQUHDFKHG
7RKLGHWKHYLGHRPHQXVOLGHRWKH
FRQWUROOHU
7RVKRZWKHPHQXEDUVIRUWKH'9'EDVLF
GLVSOD\SUHVVWKHFRQWUROOHU
7KHYLGHRPHQXLVKLGGHQDQGWKH'9'
EDVLFPHQXDSSHDUV
'9'IXQFWLRQV
6KRZLQJKLGLQJWKH'9'IXQFWLRQV
7RVKRZ'9'IXQFWLRQVLQIXOOVFUHHQ
YLGHRPRGHSUHVVWKHFRQWUROOHU
7KH'9'IXQFWLRQVPHQXLVVKRZQ
7RKLGH
7RVHOHFW8IURPWKH'9'IXQFWLRQV
WXUQDQGSUHVVWKHFRQWUROOHU
7RVKRZWKH'9'EDVLFGLVSOD\
7RVHOHFWâIURPWKH'9'IXQFWLRQV
WXUQDQGSUHVVWKHFRQWUROOHU
2YHUYLHZRI'9'IXQFWLRQV
C$FWLYDWHV'9'FRQWUROPHQX
D+LGHV'9'IXQFWLRQV
6KRZVWKH'9'EDVLFGLVSOD\
&RQILUPVHQWU\LQFRQWUROPHQX
1DYLJDWHV'9'OLVWV
-XPSVWRWKHVWDUWRIWKHVFHQH
k'LVSOD\VFDPHUDSHUVSHFWLYHV
l6KRZVVXEWLWOHV
m6HOHFWVODQJXDJH
n6WRSIXQFWLRQ
o3DXVHIXQFWLRQ
9LGHR'9'PRGH 
0HGLD
8VLQJWKH'9'IXQFWLRQV
3UHVVWKHFRQWUROOHULQIXOOVFUHHQPRGHWKH
'9'IXQFWLRQVPHQXLVVKRZQ
,WLVSRVVLEOHWRQDYLJDWHLQWKH'9'V
FRQWUROPHQXZKHQWKHDUURZVLQWKHXSSHU
PHQXEDUDUHDFWLYDWHG
7RVHOHFWDUURZÅWRQDYLJDWHLQWKH
PHQXWXUQWKHFRQWUROOHUV
7KHDFWLYHDUURZLVKLJKOLJKWHG
7RVHOHFWDPHQXHQWU\SUHVVWKH
FRQWUROOHU
7KHQH[WPHQXHQWU\LQWKHGLUHFWLRQRIWKH
DUURZLVKLJKOLJKWHG
7RFDOOXSDKLJKOLJKWHGPHQXHQWU\WXUQ
WKHFRQWUROOHUXQWLO
RN
LVKLJKOLJKWHG
3UHVVWKHFRQWUROOHU
7KHVHOHFWHG'9'VFHQHLVSOD\HG
7RKLGH'9'IXQFWLRQVVHOHFW9XVLQJWKH
FRQWUROOHU
3UHVVWKHFRQWUROOHU
7KH'9'IXQFWLRQVDUHKLGGHQ
,IWKHUHDUHIXQFWLRQVVXFKDV'LVSOD\
FDPHUDSHUVSHFWLYHVRQWKH'9'WKHVHDUH
VKRZQLQWKH'9'IXQFWLRQVPHQX
7RFDOOXSWKHGLVSOD\FDPHUDSHUVSHFWLYHV
IXQFWLRQWXUQDQGSUHVVWKHFRQWUROOHU
6WRSIXQFWLRQ
6KRZWKH'9'IXQFWLRQVSDJH
,QWHUUXSWSOD\EDFN
7RVHOHFWÛIURPWKH'9'IXQFWLRQV
PHQXWXUQDQGSUHVVWKHFRQWUROOHU
7KHÏGLVSOD\FKDQJHVWRÐ7KH
YLGHRLPDJHLVKLGGHQ
7RFRQWLQXHSOD\EDFNVHOHFWÐ
3OD\EDFNFRQWLQXHVIURPWKHSRLQWZKHUHLW
ZDVLQWHUUXSWHG
7RVWRSSOD\EDFNVHOHFWÛDJDLQZKLOH
SOD\EDFNLVLQWHUUXSWHG
7RVWDUWSOD\EDFNDJDLQVHOHFWÐ
3OD\EDFNUHVWDUWVIURPWKHEHJLQQLQJ
3DXVHIXQFWLRQ
6KRZWKH'9'IXQFWLRQVSDJH
3DXVHSOD\EDFN
7RVHOHFWÏWXUQDQGSUHVVWKH
FRQWUROOHU
7KHÏGLVSOD\FKDQJHVWRÐ
7RFRQWLQXHSOD\EDFNVHOHFWÐ
6HOHFWLQJDVFHQHFKDSWHU
,IWKHILOPLVGLYLGHGLQWRVFHQHVRUFKDSWHUV
WKHVHFDQEHVHOHFWHGGLUHFWO\ZKLOHWKHILOP
LVUXQQLQJRUVNLSSHGIRUZDUGVVWHSE\VWHS
7KLVLVQRWSRVVLEOHDWFHUWDLQSRLQWVIRUVRPH
'9'VHJGXULQJWKHRSHQLQJFUHGLWV
,WPD\DOVREHSRVVLEOHWRVHOHFWWKHVFHQH
FKDSWHUIURPWKHIXQFWLRQVVWRUHGRQWKH
'9'
7RVNLSIRUZDUGVRUEDFNLQWKHYLGHR
PHQXWXUQWKHFRQWUROOHU
7KHQH[WRUSUHYLRXVVFHQHLQWKHILOPLV
VNLSSHGWR
G7KH'9'IXQFWLRQVFDQDOVREHXVHGWR
PDNHVHOHFWLRQVSDJH
 9LGHR'9'PRGH
0HGLD
3LFWXUHYLHZHU
*HQHUDOQRWHV
,IWKHUHDUHSLFWXUHVRQWKHDFWLYHGDWD
PHGLXP\RXFDQYLHZWKHPRQWKH&20$1'
GLVSOD\
='DWDPHGLXP0(',$5(*,67(5&'
'9'86%GHYLFHV6'PHPRU\FDUGV
=6XSSRUWHGLPDJHIRUPDWVMSHJMSJ
EPSSQJ
=0D[LPXPLPDJHUHVROXWLRQ
PHJDSL[HOV
G,WLVQRWSRVVLEOHWRYLHZDSLFWXUHIURP
WKHGULYHUVVLGHZKLOHWKHYHKLFOHLVLQ
PRWLRQ
'LVSOD\LQJSLFWXUHV
,QWKHPHGLDEDVLFGLVSOD\SUHVVWKH
FRQWUROOHU
7KH6HDUFKZLWKDFDWHJRU\OLVWDSSHDUV
7RVHOHFW3KRWRVLQWKHFDWHJRU\OLVWWXUQ
DQGSUHVVWKHFRQWUROOHU
$GLUHFWRU\OLVWDSSHDUV)ROGHUVDQGSLFWXUH
ILOHVFDQEHVKRZQ
6HOHFWDIROGHURUSLFWXUH
,IWKHUHLVQRSLFWXUHRQWKHGDWDPHGLXP
DQHPSW\OLVWLVVKRZQ
<RXFDQVHDUFKIRUSLFWXUHVRQRWKHUGDWD
PHGLD
6HDUFKLQJIRUSLFWXUHVRQRWKHUGDWD
PHGLD
,QWKHGLUHFWRU\OLVWVOLGH
RWKHFRQWUROOHU
7KHGHYLFHOLVWDSSHDUV
7RVHOHFWDGDWDPHGLXPZLWKSLFWXUHILOHV
WXUQWKHFRQWUROOHUDQGSUHVVWRFRQILUP
$GLUHFWRU\OLVWDSSHDUV)ROGHUVDQGSLFWXUH
ILOHVFDQEHVKRZQ
6HOHFWDIROGHURUSLFWXUH
([DPSOHWKHGLUHFWRU\OLVWGLVSOD\VWKHH[LVWLQJ
SLFWXUHILOHV
6WDUWLQJDVOLGHVKRZ
:KLOHYLHZLQJDSLFWXUHSUHVVWKH
FRQWUROOHU
7KHLPDJHPHQXDSSHDUV
7RVHOHFW6WDUW6OLGHVKRZWXUQWKH
FRQWUROOHUDQGSUHVVWRFRQILUP
7KHVOLGHVKRZVWDUWV
7RHQGWKHVOLGHVKRZSUHVVWKHFRQWUROOHU
7KHLPDJHPHQXDSSHDUV
6HOHFW(QG6OLGH6KRZ
&KDQJLQJWKHSLFWXUHYLHZ
3UHVVWKHFRQWUROOHU
7KHLPDJHPHQXDSSHDUV
7RVHOHFW7XUQ&ORFNZLVHWXUQWKH
FRQWUROOHUDQGSUHVVWRFRQILUP
7KHSLFWXUHURWDWHVGHJUHHV
6HOHFW7XUQ&RXQWHUFORFNZLVH
7KHSLFWXUHURWDWHVGHJUHHV
3LFWXUHYLHZHU 
0HGLD
6HOHFW
=RRP,Q
7KHVL]HRIWKHSLFWXUHLQFUHDVHV
$IWHU\RXKDYH]RRPHGLQWRWKHSLFWXUH\RX
FDQPRYHWKHVHFWLRQRIWKHSLFWXUH
7RPRYHWKHVHFWLRQRIWKHSLFWXUHVOLGH
RdDQGRWKHFRQWUROOHU
7RUHYHUWWRWKHRULJLQDOVL]HSUHVVWKH
FRQWUROOHU
RU
3UHVVWKH8EXWWRQ
&ORVLQJWKHSLFWXUHYLHZHU
3UHVVWKHFRQWUROOHU
7KHPHQXDSSHDUV
7RVHOHFW
&ORVH3LFWXUH9LHZHU
WXUQ
DQGSUHVVWKHFRQWUROOHU
&20$1'UHWXUQVWRWKHODVWDFFHVVHG
PHGLDIXQFWLRQ
 3LFWXUHYLHZHU
0HGLD
<RXU&20$1'HTXLSPHQW 
6RXQGVHWWLQJV 
%XUPHVWHUVXUURXQGVRXQGV\V
WHP 
%XUPHVWHUKLJKHQG'VXUURXQG
VRXQGV\VWHP 

6RXQG
<RXU&20$1'HTXLSPHQW
7KHVHRSHUDWLQJLQVWUXFWLRQVGHVFULEHDOO
VWDQGDUGDQGRSWLRQDOHTXLSPHQWDYDLODEOH
IRU\RXU&20$1'V\VWHPDWWKHWLPHRI
SXUFKDVH&RXQWU\VSHFLILFGLIIHUHQFHVDUH
SRVVLEOH3OHDVHQRWHWKDW\RXU
&20$1'V\VWHPPD\QRWEHHTXLSSHGZLWK
DOOWKHIHDWXUHVGHVFULEHG7KLVDOVRDSSOLHVWR
VDIHW\UHOHYDQWV\VWHPVDQGIXQFWLRQV
7KHUHIRUHWKHHTXLSPHQWRQ\RXU&20$1'
V\VWHPPD\GLIIHUIURPWKDWLQWKH
GHVFULSWLRQVDQGLOOXVWUDWLRQV6KRXOG\RX
KDYHDQ\TXHVWLRQVFRQFHUQLQJHTXLSPHQW
DQGRSHUDWLRQSOHDVHFRQVXOWDQDXWKRUL]HG
0HUFHGHV%HQ]&HQWHU
6RXQGVHWWLQJV
&DOOLQJXSWKHVRXQGPHQX
<RXFDQPDNHYDULRXVVRXQGVHWWLQJVIRUWKH
GLIIHUHQWDXGLRDQGYLGHRVRXUFHV,WLV
SRVVLEOHWRVHWPRUHEDVVIRUUDGLRPRGHWKDQ
IRUDXGLR&'PRGHIRUH[DPSOH7KH
UHVSHFWLYHVRXQGPHQXFDQEHFDOOHGXSIURP
WKHPHQXRIWKHGHVLUHGPRGH
7KHH[DPSOHGHVFULEHVZKHUHWRFDOOXSWKH
VRXQGPHQXLQ&'PRGH
,QVHUWDQDXGLR&'SDJH
7KH&'GLVSOD\DSSHDUV
7RGLVSOD\WKHPHQXEDUVVOLGHRdWKH
FRQWUROOHU
7RVHOHFW
6RXQG
LQWKHPHQXEDUWXUQDQG
SUHVVWKHFRQWUROOHU
7KHPHQXDSSHDUVZLWKWKHODVWVHWWLQJ
DFFHVVHGHJ
%DODQFH)DGHU
6RXQGPHQXRYHUYLHZ
)XQFWLRQ 2SWLRQV
(TXDOL]HU 6HWVWUHEOHPLG
UDQJHDQGEDVH
%DODQFHIDGHU 0RYHVWKHVRXQG
IRFXVULJKWOHIWDQG
IURQWUHDU
/RXGVSHDNHU
FRQWURO
2XWSXWVDVHDW
EDVHGPHGLDVRXUFH
RQWKHHQWLUHVRXQG
V\VWHP
6HWWLQJWUHEOHPLGUDQJHDQGEDVV
7RGLVSOD\WKHPHQXEDUVVOLGHRdWKH
FRQWUROOHULQPHGLDPRGH
 6RXQGVHWWLQJV
6RXQG
7RVHOHFW6RXQGLQWKHPHQXEDUWXUQDQG
SUHVVWKHFRQWUROOHU
7KHPHQXZLWKWKHODVWDFFHVVHGVHWWLQJ
DSSHDUV
7XUQWKHFRQWUROOHUXQWLO(TXDOL]HULV
EURXJKWWRWKHIURQW
7RDFWLYDWHURWDU\PHQXVIRUWUHEOHPLG
UDQJHDQGEDVHVOLGHRdWKHFRQWUROOHU
7RVZLWFKEHWZHHQWKHURWDU\PHQXVVOLGH
RWKHFRQWUROOHU
7RPDNHWKHGHVLUHG(TXDOL]HUVHWWLQJV
WXUQWKHFRQWUROOHU
5RWDU\PHQXVVKRZWKHVHWYDOXHV
7RUHWXUQWRWKHPHQXVOLGHRWKH
FRQWUROOHU
7RUHWXUQWRWKHEDVLFPHQXSUHVVWKH
8EXWWRQEULHIO\
$GMXVWLQJWKHEDODQFHIDGHU
%DODQFHPRYHVWKHIRFXVRIWKHVRXQG
EHWZHHQOHIWDQGULJKW
)DGHUPRYHVWKHIRFXVRIWKHVRXQGEHWZHHQ
IURQWDQGUHDU
7RGLVSOD\WKHPHQXEDUVVOLGHRdWKH
FRQWUROOHULQPHGLDPRGH
7RVHOHFW6RXQGLQWKHPHQXEDUWXUQDQG
SUHVVWKHFRQWUROOHU
7KHPHQXZLWKWKHODVWDFFHVVHGVHWWLQJ
DSSHDUV
7XUQWKHFRQWUROOHUXQWLO%DODQFH)DGHULV
EURXJKWWRWKHIURQW
7RDFWLYDWHURWDU\PHQXVIRUEDODQFHDQG
IDGHUVOLGHRdWKHFRQWUROOHU
7RVZLWFKEHWZHHQWKHURWDU\PHQXVVOLGH
RWKHFRQWUROOHU
7RVHWWKHGHVLUHG%DODQFH)DGHU
IRFXVHVWXUQWKHFRQWUROOHU
5RWDU\PHQXVDQGWKHLPDJHVKRZWKH
VRXQGIRFXVVHW
7RUHWXUQWRWKHPHQXVOLGHRWKH
FRQWUROOHU
7RUHWXUQWRWKHEDVLFPHQXSUHVVWKH
8EXWWRQEULHIO\
6HWWLQJWKHORXGVSHDNHUFRQWURO
7KHORXGVSHDNHUFRQWUROVSHFLILHVZKLFKVHDW
EDVHGPHGLDVRXUFHVKDOOEHRXWSXWRQWKH
VSHDNHUV\VWHP
([DPSOHDPHGLDVRXUFHLVEHLQJOLVWHQHGWR
XVLQJKHDGSKRQHVLQWKHOHIWKDQGUHDUVHDW
,IWKLVPHGLDVRXUFHLVWREHOLVWHQHGWRXVLQJ
WKHVRXQGV\VWHP5HDU/HIWPXVWEH
VHOHFWHGLQWKHORXGVSHDNHUFRQWURO
G,IWKHORXGVSHDNHUFRQWUROLVVHWWRDVHDW
ZKHUHQRSOD\EDFNLVDFWLYDWHGQRWKLQJFDQ
EHKHDUGRQWKHYHKLFOHORXGVSHDNHU
7RGLVSOD\WKHPHQXEDUVVOLGHRdWKH
FRQWUROOHULQPHGLDPRGH
7RVHOHFW6RXQGLQWKHPHQXEDUWXUQDQG
SUHVVWKHFRQWUROOHU
7KHPHQXZLWKWKHODVWDFFHVVHGVHWWLQJ
DSSHDUV
7XUQWKHFRQWUROOHUXQWLO6SHDNHU
&RQWUROLVLQWKHFHQWHU
6RXQGVHWWLQJV 
6RXQG
7RDFWLYDWHWKHURWDU\PHQXIRUWKH
6SHDNHU&RQWURO
VOLGHRdWKH
FRQWUROOHU
7RVHWWKHGHVLUHG
6SHDNHU&RQWURO
WXUQ
WKHFRQWUROOHU
7KHVHJPHQWWH[WDQGLPDJHVKRZWKH
VHOHFWHGVHWWLQJ
7RUHWXUQWRWKHPHQXVOLGHRWKH
FRQWUROOHU
7RUHWXUQWRWKHEDVLFPHQXSUHVVWKH
8EXWWRQEULHIO\
%XUPHVWHUVXUURXQGVRXQGV\VWHP
(TXLSPHQW
<RXUYHKLFOHLVHTXLSSHGZLWKWKH
%XUPHVWHUVXUURXQGVRXQGV\VWHP
,WKDVDWRWDORXWSXWRIZDWWVDQGLV
HTXLSSHGZLWKORXGVSHDNHUV
7KH%XUPHVWHUVXUURXQGVRXQGV\VWHPLV
DYDLODEOHIRUDOOIXQFWLRQVLQWKHUDGLRDQG
PHGLDPRGHV
&DOOLQJXSWKHVRXQGPHQX
<RXFDQPDNHYDULRXVVRXQGVHWWLQJVIRUWKH
GLIIHUHQWDXGLRDQGYLGHRVRXUFHV,WLV
SRVVLEOHWRVHWPRUHEDVVIRUUDGLRPRGHWKDQ
IRUDXGLR&'PRGHIRUH[DPSOH7KH
UHVSHFWLYHVRXQGPHQXLVFDOOHGXSIURPWKH
PHQXRIWKHGHVLUHGPRGH
7KHH[DPSOHVKRZVWKHVRXQGPHQXFRQWURO
SDQHOLQ&'PRGH
,QVHUWDQDXGLR&'SDJH
7KH&'GLVSOD\DSSHDUV
7RGLVSOD\WKHPHQXEDUVVOLGHRdWKH
FRQWUROOHU
7RVHOHFW
6RXQG
LQWKHPHQXEDUWXUQDQG
SUHVVWKHFRQWUROOHU
7KHPHQXDSSHDUVZLWKWKHODVWVHWWLQJ
DFFHVVHGHJ
6XUURXQG6RXQG
2YHUYLHZRI%XUPHVWHUVXUURXQGVRXQG
V\VWHP
)XQFWLRQ 2SWLRQV
(TXDOL]HU 6HWVWUHEOHPLG
UDQJHDQGEDVH
%DODQFHIDGHU 0RYHVWKHVRXQG
IRFXVULJKWOHIWDQG
IURQWUHDU
/RXGVSHDNHU
FRQWURO
2XWSXWVDVHDW
EDVHGPHGLDVRXUFH
RQWKHHQWLUHVRXQG
V\VWHP
6XUURXQG 2SWLPL]HVVRXQG
SOD\EDFNIRUDOO
VHDWV
 %XUPHVWHUVXUURXQGVRXQGV\VWHP
6RXQG
6HWWLQJWUHEOHPLGUDQJHDQGEDVV
7RGLVSOD\WKHPHQXEDUVVOLGHRdWKH
FRQWUROOHULQPHGLDPRGH
7RVHOHFW6RXQGLQWKHPHQXEDUWXUQDQG
SUHVVWKHFRQWUROOHU
7KHPHQXZLWKWKHODVWDFFHVVHGVHWWLQJ
DSSHDUV
7XUQWKHFRQWUROOHUXQWLO(TXDOL]HULVLQWKH
FHQWHU
6OLGHRdWKHFRQWUROOHU
7KHFRQWURONQREVIRUWUHEOHPLGUDQJHDQG
EDVVDUHDFWLYDWHG
7RVZLWFKEHWZHHQWKHFRQWURONQREVVOLGH
RWKHFRQWUROOHU
7RPDNHWKHGHVLUHG(TXDOL]HUVHWWLQJV
WXUQWKHFRQWUROOHU
&RQWURONQREVVKRZWKHVHWYDOXHV
7RUHWXUQWRWKHPHQXVOLGHRWKH
FRQWUROOHU
7RUHWXUQWRWKHEDVLFPHQXSUHVVWKH
8EXWWRQEULHIO\
$GMXVWLQJWKHEDODQFHIDGHU
%DODQFHPRYHVWKHIRFXVRIWKHVRXQG
EHWZHHQOHIWDQGULJKW
)DGHUPRYHVWKHIRFXVRIWKHVRXQGEHWZHHQ
IURQWDQGUHDU
7RGLVSOD\WKHPHQXEDUVVOLGHRdWKH
FRQWUROOHULQPHGLDPRGH
7RVHOHFW6RXQGLQWKHPHQXEDUWXUQDQG
SUHVVWKHFRQWUROOHU
7KHPHQXZLWKWKHODVWDFFHVVHGVHWWLQJ
DSSHDUV
7XUQWKHFRQWUROOHUXQWLO%DODQFH)DGHULV
LQWKHFHQWHU
6OLGHRdWKHFRQWUROOHU
7KHFRQWURONQREVIRUEDODQFHDQGIDGHUDUH
DFWLYDWHG
7RVZLWFKEHWZHHQWKHFRQWURONQREVVOLGH
WKHFRQWUROOHUR
7RVHWWKHGHVLUHG%DODQFH)DGHU
IRFXVHVWXUQWKHFRQWUROOHU
7KHFRQWURONQREDQGWKHLPDJHVKRZWKH
VRXQGIRFXVVHW
7RUHWXUQWRWKHPHQXVOLGHRWKH
FRQWUROOHU
7RUHWXUQWRWKHEDVLFPHQXSUHVVWKH
8EXWWRQEULHIO\
6HWWLQJWKHORXGVSHDNHUFRQWURO
7KHORXGVSHDNHUFRQWUROVSHFLILHVZKLFKVHDW
EDVHGPHGLDVRXUFHVKDOOEHRXWSXWRQWKH
VSHDNHUV\VWHP
([DPSOHVRPHRQHLVVLWWLQJLQWKH5HDU
/HIWDQGOLVWHQLQJWRWKHUDGLRYLDWKH0XOWL
6HDW(QWHUWDLQPHQW6\VWHP06(+H
%XUPHVWHUVXUURXQGVRXQGV\VWHP
6RXQG
GRHVQWZDQWWROLVWHQXVLQJKHDGSKRQHVEXW
LQVWHDGXVLQJWKHVRXQGV\VWHP7KHQVHOHFW
5HDU/HIW
ZLWKWKHORXGVSHDNHUFRQWUROV
7RGLVSOD\WKHPHQXEDUVVOLGHRdWKH
FRQWUROOHULQPHGLDPRGH
7RVHOHFW
6RXQG
LQWKHPHQXEDUWXUQDQG
SUHVVWKHFRQWUROOHU
7KHPHQXZLWKWKHODVWDFFHVVHGVHWWLQJ
DSSHDUV
7XUQWKHFRQWUROOHUXQWLO
6SHDNHU
&RQWURO
LVLQWKHFHQWHU
$FWLYDWHWKHFRQWURONQREVIRUWKH
6SHDNHU&RQWURO
6OLGHRdWKH
FRQWUROOHU
7RVHWWKHGHVLUHG
6SHDNHU&RQWURO
WXUQ
WKHFRQWUROOHU
7KHVHJPHQWWH[WDQGLPDJHVKRZWKH
VHOHFWHGVHWWLQJ
7RUHWXUQWRWKHPHQXVOLGHRWKH
FRQWUROOHU
7RUHWXUQWRWKHEDVLFPHQXSUHVVWKH
8EXWWRQEULHIO\
6HWWLQJVXUURXQGVRXQG
7KH
6XUURXQG6RXQG
VHWWLQJRSWLPL]HVWKH
VRXQGSOD\EDFNIRUWKHVHOHFWHGVHDW
SRVLWLRQ
7RGLVSOD\WKHPHQXEDUVVOLGHRdWKH
FRQWUROOHULQPHGLDPRGH
7RVHOHFW
6RXQG
LQWKHPHQXEDUWXUQDQG
SUHVVWKHFRQWUROOHU
7KHPHQXZLWKWKHODVWDFFHVVHGVHWWLQJ
DSSHDUV
7XUQWKHFRQWUROOHUXQWLO
6XUURXQG6RXQG
LVLQWKHFHQWHU
6OLGHRdWKHFRQWUROOHU
7KHOHIWKDQGFRQWURONQREWRVZLWFK
VXUURXQGVRXQGRQDQGRIILVDFWLYDWHG
7RDFWLYDWH
6XUURXQG6RXQG
WXUQWKH
FRQWUROOHUXQWLO
21
LVDFWLYH
7RVHWVXUURXQGVRXQGIRU
)URQW

5HDU
RU
$OOVHDWV
VOLGHRWKHFRQWUROOHU
7KHULJKWKDQGFRQWURONQRELVDFWLYDWHG
7RVHWWKHGHVLUHG
6XUURXQG6RXQG
IRFXV
WXUQWKHFRQWUROOHU
7KHPHQXV\PEROWH[WDQGLPDJHVKRZWKH
VHOHFWHGVHWWLQJ
7RUHWXUQWRWKHPHQXVOLGHRWKH
FRQWUROOHU
7RUHWXUQWRWKHEDVLFPHQXSUHVVWKH
8EXWWRQEULHIO\
%XUPHVWHUKLJKHQG'VXUURXQG
VRXQGV\VWHP
(TXLSPHQW
<RXUYHKLFOHLVHTXLSSHGZLWKWKH
%XUPHVWHUKLJKHQG'VXUURXQGVRXQG
V\VWHP
,WKDVDWRWDORXWSXWRIZDWWVDQGLV
HTXLSSHGZLWKORXGVSHDNHUV
7KH%XUPHVWHUKLJKHQG'VXUURXQGVRXQG
V\VWHPLVDYDLODEOHIRUDOOIXQFWLRQVLQWKH
UDGLRDQGPHGLDPRGHV
&DOOLQJXSWKHVRXQGPHQX
<RXFDQPDNHYDULRXVVRXQGVHWWLQJVIRUWKH
GLIIHUHQWDXGLRDQGYLGHRVRXUFHV,WLV
SRVVLEOHWRVHWPRUHEDVVIRUUDGLRPRGHWKDQ
IRUDXGLR&'PRGHIRUH[DPSOH<RXFDQFDOO
XSWKHUHVSHFWLYHVRXQGPHQXIURPWKHPHQX
RIWKHGHVLUHGPRGH
7KHH[DPSOHGHVFULEHVZKHUHWRFDOOXSWKH
VRXQGPHQXLQ&'PRGH
 %XUPHVWHUKLJKHQG'VXUURXQGVRXQGV\VWHP
6RXQG
,QVHUWDQDXGLR&'SDJH
7KH&'GLVSOD\DSSHDUV
7RGLVSOD\WKHPHQXEDUVVOLGHRdWKH
FRQWUROOHU
7RVHOHFW6RXQGLQWKHPHQXEDUWXUQDQG
SUHVVWKHFRQWUROOHU
$PHQXDSSHDUVZLWKWKHODVWVHWWLQJ
DFFHVVHGHJ9,3%$/6HOHFWLRQ
2YHUYLHZRI%XUPHVWHUKLJKHQG'
VXUURXQGVRXQGV\VWHP
)XQFWLRQ 2SWLRQV
(TXDOL]HU 6HWVWUHEOHPLG
UDQJHDQGEDVH
%DODQFHIDGHU 0RYHVWKHVRXQG
IRFXVULJKWOHIWDQG
IURQWUHDU
/RXGVSHDNHU
FRQWURO
2XWSXWVDVHDW
EDVHGPHGLDVRXUFH
RQWKHHQWLUHVRXQG
V\VWHP
)XQFWLRQ 2SWLRQV
9,3%$/VHOHFWLRQ 2SWLPL]HVVRXQG
SOD\EDFNIRU
LQGLYLGXDOVHDWV
6RXQGSURILOH )LYHGHILQHGVRXQG
VHWWLQJV385(
($6</,67(1,1*
/,9(6855281'
'6281'
6HWWLQJWUHEOHPLGUDQJHDQGEDVV
7RGLVSOD\WKHPHQXEDUVVOLGHRdWKH
FRQWUROOHULQPHGLDPRGH
7RVHOHFW6RXQGLQWKHPHQXEDUWXUQDQG
SUHVVWKHFRQWUROOHU
7KHPHQXZLWKWKHODVWDFFHVVHGVHWWLQJ
DSSHDUV
7XUQWKHFRQWUROOHUXQWLO(TXDOL]HULVLQWKH
FHQWHU
6OLGHRdWKHFRQWUROOHU
&RQWURONQREVIRUWUHEOHPLGUDQJHDQG
EDVVDUHDFWLYDWHG
7RVZLWFKEHWZHHQWKHFRQWURONQREVVOLGH
RWKHFRQWUROOHU
7RPDNHWKHGHVLUHG(TXDOL]HUVHWWLQJV
WXUQWKHFRQWUROOHU
&RQWURONQREVVKRZWKHVHWYDOXHV
7RUHWXUQWRWKHPHQXVOLGHRWKH
FRQWUROOHU
7RUHWXUQWRWKHEDVLFPHQXSUHVVWKH
8EXWWRQEULHIO\
%XUPHVWHUKLJKHQG'VXUURXQGVRXQGV\VWHP 
6RXQG
$GMXVWLQJWKHEDODQFHIDGHU
<RXFDQXVHEDODQFHWRPRYHWKHIRFXVRIWKH
VRXQGEHWZHHQOHIWDQGULJKW
<RXFDQXVHIDGHUWRVKLIWWKHIRFXVRIWKH
VRXQGEHWZHHQWKHIURQWDQGUHDUVHDWV
7RGLVSOD\WKHPHQXEDUVVOLGHRdWKH
FRQWUROOHULQPHGLDPRGH
7RVHOHFW
6RXQG
LQWKHPHQXEDUWXUQDQG
SUHVVWKHFRQWUROOHU
7KHPHQXZLWKWKHODVWDFFHVVHGVHWWLQJ
DSSHDUV
7XUQWKHFRQWUROOHUXQWLO
%DODQFH)DGHU
LV
LQWKHFHQWHU
6OLGHRdWKHFRQWUROOHU
&RQWURONQREVIRUEDODQFHDQGIDGHUDUH
DFWLYDWHG
7RVZLWFKEHWZHHQWKHFRQWURONQREVVOLGH
RWKHFRQWUROOHU
7RVHWWKHGHVLUHG
%DODQFH)DGHU
IRFXVHVWXUQWKHFRQWUROOHU
7KHFRQWURONQREDQGWKHLPDJHVKRZWKH
VRXQGIRFXVVHW
7RUHWXUQWRWKHPHQXVOLGHRWKH
FRQWUROOHU
7RUHWXUQWRWKHEDVLFPHQXSUHVVWKH
8EXWWRQEULHIO\
6HWWLQJWKHORXGVSHDNHUFRQWURO
7KHORXGVSHDNHUFRQWUROVSHFLILHVZKLFKVHDW
EDVHGPHGLDVRXUFHVKDOOEHRXWSXWRQWKH
VSHDNHUV\VWHP
([DPSOH$PHGLDVRXUFHLVEHLQJOLVWHQHGWR
XVLQJKHDGSKRQHVLQWKH
5HDU5LJKW
,IWKLV
PHGLDVRXUFHLVWREHOLVWHQHGWRXVLQJWKH
VRXQGV\VWHP
5HDU5LJKW
PXVWEHVHOHFWHG
LQWKHORXGVSHDNHUFRQWURO
7RGLVSOD\WKHPHQXEDUVVOLGHRdWKH
FRQWUROOHULQPHGLDPRGH
7RVHOHFW
6RXQG
LQWKHPHQXEDUWXUQDQG
SUHVVWKHFRQWUROOHU
7KHPHQXZLWKWKHODVWDFFHVVHGVHWWLQJ
DSSHDUV
7XUQWKHFRQWUROOHUXQWLO
6SHDNHU
&RQWURO
LVLQWKHFHQWHU
6OLGHRdWKHFRQWUROOHU
7KHFRQWURONQREVIRUWKH
6SHDNHU
&RQWURO
DUHDFWLYDWHG
7RVHWWKHGHVLUHG
6SHDNHU&RQWURO
WXUQ
WKHFRQWUROOHU
7KHVHJPHQWWH[WDQGLPDJHVKRZWKH
VHOHFWHGVHWWLQJ
7RUHWXUQWRWKHPHQXVOLGHRWKH
FRQWUROOHU
7RUHWXUQWRWKHEDVLFPHQXSUHVVWKH
8EXWWRQEULHIO\
 %XUPHVWHUKLJKHQG'VXUURXQGVRXQGV\VWHP
6RXQG
9,3%$/VHOHFWLRQ
6RXQGRSWLPL]DWLRQIRUDVSHFLILFVHDWHJ
5HDU/HIWFDQEHVHOHFWHGXVLQJWKH9,3
%$/6HOHFWLRQVHWWLQJ
7RGLVSOD\WKHPHQXEDUVVOLGHRdWKH
FRQWUROOHULQPHGLDPRGH
7RVHOHFW6RXQGLQWKHPHQXEDUWXUQDQG
SUHVVWKHFRQWUROOHU
7KHPHQXZLWKWKHODVWDFFHVVHGVHWWLQJ
DSSHDUV
7XUQWKHFRQWUROOHUXQWLO9,3%$/
6HOHFWLRQLVLQWKHFHQWHU
7RDFWLYDWHWKHOHIWKDQGFRQWURONQREWR
VZLWFKWKH9,3%$/6HOHFWLRQRQDQG
RIIVOLGHRdWKHFRQWUROOHU
7RDFWLYDWH9,3%$/6HOHFWLRQWXUQ
WKHFRQWUROOHUXQWLO21LVDFWLYH
7RDFWLYDWHWKHULJKWKDQGFRQWURONQRE
VOLGHRWKHFRQWUROOHU
7RVHWWKHGHVLUHG9,3%$/6HOHFWLRQ
WXUQWKHFRQWUROOHU
7KHVHJPHQWWH[WDQGLPDJHVKRZWKH
VHOHFWHGVHWWLQJHJIRU5HDU/HIW
7RUHWXUQWRWKHPHQXVOLGHRWKH
FRQWUROOHU
7RUHWXUQWRWKHEDVLFPHQXSUHVVWKH
8EXWWRQEULHIO\
6HWWLQJWKHVRXQGSURILOH
:LWKWKH6RXQG3URILOHVHWWLQJ\RXFDQ
VHOHFWEHWZHHQILYHGHILQHGVRXQGVHWWLQJV
6RXQGSURILOHIRU
KLJKHQGVRXQG
V\VWHP
'HVFULSWLRQ
3XUH $XGLRSKLOHVRXQG
SOD\EDFNZLWKRXW
DGGLWLRQDOHIIHFWV
(DV\/LVWHQLQJ 6XEWO\PHOORZHG
DFRXVWLFVIRUODLG
EDFNOLVWHQLQJRYHU
ORQJSHULRGV
/LYH 6SHFWDFXODUVRXQG
VHWWLQJVZLWKOLYH
SHUIRUPDQFH
FKDUDFWHULVWLFV
6XUURXQG (QKDQFHGVXUURXQG
VRXQGIRUPRQRDQG
VWHUHRUHFRUGLQJV
'VRXQG 7KUHHGLPHQVLRQDO
OLVWHQLQJH[SHULHQFH
7RGLVSOD\WKHPHQXEDUVVOLGHRdWKH
FRQWUROOHULQPHGLDPRGH
7RVHOHFW6RXQGLQWKHPHQXEDUWXUQDQG
SUHVVWKHFRQWUROOHU
7KHPHQXZLWKWKHODVWDFFHVVHGVHWWLQJ
DSSHDUV
7XUQWKHFRQWUROOHUXQWLO6RXQG3URILOHLV
LQWKHFHQWHU
6OLGHRdWKHFRQWUROOHU
7KHFRQWURONQREWRVHOHFWWKHVRXQGSURILOH
LVDFWLYDWHG
%XUPHVWHUKLJKHQG'VXUURXQGVRXQGV\VWHP 
6RXQG
7RVHOHFW
6RXQG3URILOH
WXUQWKH
FRQWUROOHUXQWLOWKHGHVLUHGVRXQGSURILOHLV
DFWLYDWHG
7RUHWXUQWRWKHPHQXVOLGHRWKH
FRQWUROOHU
7RUHWXUQWRWKHEDVLFPHQXSUHVVWKH
8EXWWRQEULHIO\
 %XUPHVWHUKLJKHQG'VXUURXQGVRXQGV\VWHP
6RXQG
<RXU&20$1'HTXLSPHQW 
5HDU6HDW(QWHUWDLQPHQW6\VWHP
RYHUYLHZ 
6\VWHPVHWWLQJV 
9HKLFOHVHWWLQJV 
1DYLWDLQPHQW 
2QOLQHDQG,QWHUQHWIXQFWLRQV 
5DGLRPRGH 
0HGLDPRGH 
$XGLRYLGHRPRGH 
9LGHR'9'PRGH 
$8;PRGH 

5HDU6HDW(QWHUWDLQPHQW6\VWHP
<RXU&20$1'HTXLSPHQW
7KHVHRSHUDWLQJLQVWUXFWLRQVGHVFULEHDOO
VWDQGDUGDQGRSWLRQDOHTXLSPHQWDYDLODEOH
IRU\RXU&20$1'V\VWHPDWWKHWLPHRI
SXUFKDVH&RXQWU\VSHFLILFGLIIHUHQFHVDUH
SRVVLEOH3OHDVHQRWHWKDW\RXU
&20$1'V\VWHPPD\QRWEHHTXLSSHGZLWK
DOOWKHIHDWXUHVGHVFULEHG7KLVDOVRDSSOLHVWR
VDIHW\UHOHYDQWV\VWHPVDQGIXQFWLRQV
7KHUHIRUHWKHHTXLSPHQWRQ\RXU&20$1'
V\VWHPPD\GLIIHUIURPWKDWLQWKH
GHVFULSWLRQVDQGLOOXVWUDWLRQV6KRXOG\RX
KDYHDQ\TXHVWLRQVFRQFHUQLQJHTXLSPHQW
DQGRSHUDWLRQSOHDVHFRQVXOWDQDXWKRUL]HG
0HUFHGHV%HQ]&HQWHU
5HDU6HDW(QWHUWDLQPHQW6\VWHP
RYHUYLHZ
,PSRUWDQWVDIHW\QRWHV
:$51,1*
7KH&''9'GULYHLVDFODVVODVHUSURGXFW
,I\RXRSHQWKH&''9'GULYHKRXVLQJ\RX
FRXOGEHH[SRVHGWRLQYLVLEOHODVHUUDGLDWLRQ
7KLVODVHUUDGLDWLRQFRXOGGDPDJH\RXUUHWLQD
7KHUHLVDULVNRILQMXU\
1HYHURSHQWKHKRXVLQJ$OZD\VKDYH
PDLQWHQDQFHDQGUHSDLUZRUNFDUULHGRXWDWD
TXDOLILHGVSHFLDOLVWZRUNVKRS
:$51,1*
,IREMHFWVVXFKDVKHDGSKRQHVKHDGVHWVRU
H[WHUQDODXGLRYLGHRVRXUFHVDUHQRWVHFXUHG
LQWKHSDVVHQJHUFRPSDUWPHQWWKH\FDQEH
IOXQJDURXQGDQGKLWYHKLFOHRFFXSDQWV7KHUH
LVDULVNRILQMXU\IRUH[DPSOHLQWKHHYHQWRI
VXGGHQEUDNLQJRUDVXGGHQFKDQJHLQ
GLUHFWLRQ
$OZD\VVWRZWKHVHLWHPVRUVLPLODUREMHFWV
FDUHIXOO\VRWKDWWKH\FDQQRWEHIOXQJDURXQG
IRUH[DPSOHLQDORFNDEOHYHKLFOHVWRZDJH
FRPSDUWPHQW
&RPSRQHQWV
7KH5HDU6HDW(QWHUWDLQPHQW6\VWHP
LQFOXGHV
=WZRVFUHHQVIRUWKHUHDUEHKLQGWKHIURQW
VHDWKHDGUHVWUDLQWV
=WZRUHPRWHFRQWUROVIRUWKHUHDU
FRPSDUWPHQW
=D&''9'GULYHLQWKHUHDUFRPSDUWPHQW
=$8;MDFNV
=WZR86%SRUWV
=WZRVHWVRIFRUGOHVVKHDGSKRQHV
*HQHUDOQRWHV
=<RXFDQRQO\DGMXVWWKHYROXPHIRUWKH
KHDGSKRQHVVXSSOLHGGLUHFWO\RQWKH
KHDGSKRQHV
=,IPHGLDIURPGLIIHUHQWVRXUFHVDUHXVHG
WKH\FDQEHXVHGVHSDUDWHO\IURPHDFKRI
WKHRSHUDWLQJSRVLWLRQV([DPSOHDILOP
IURPWKH'9'GULYHLVSOD\HGRQWKHUHDU
ULJKWKDQGRSHUDWLQJSRVLWLRQ7KLVPHDQV
WKDWDQRWKHUILOPIURPWKHVDPH'9'
FDQQRWEHSOD\HGVHSDUDWHO\RQWKHUHDU
OHIWKDQGRSHUDWLQJSRVLWLRQ+RZHYHURQ
WKHUHDUOHIWKDQGRSHUDWLQJSRVLWLRQLWLV
SRVVLEOHWRXVHWKHUDGLR79PHPRU\FDUG
086,&5(*,67(5PHGLDLQWHUIDFH86%
RQOLQHDQG,QWHUQHWIXQFWLRQVRU$8;
=,I\RXXVHWKHVDPHPHGLXPRQERWKVLGHV
\RXFDQERWKFDUU\RXWWKHUHVSHFWLYH
VHWWLQJV7KHODVWRQHZLQVSULQFLSOH
DSSOLHVKHUHLHWKHODVWVHWWLQJDFWLYDWHG
LVIDYRUHG
=7KH,QWHUQHWFDQEHXVHGVHSDUDWHO\DWDOO
RSHUDWLQJSRVLWLRQV
=7KH,QWHUQHWFDQRQO\EHXVHGLILWLVVHWXS
DQGFRQQHFWHGYLDDWHOHSKRQH
SDJH
 5HDU6HDW(QWHUWDLQPHQW6\VWHPRYHUYLHZ
5HDU6HDW(QWHUWDLQPHQW6\VWHP
5HDUFRPSDUWPHQWVFUHHQV
C'LVSOD\
D%ULJKWQHVVVHQVRU
6ZLWFKHVWKHGLVSOD\RQRII
6RFNHWIRUKHDGSKRQHV
5HPRWHFRQWURO
2YHUYLHZ
C6HOHFWVPDLQPHQXV
D6HOHFWVWKHVFUHHQIRUWKHUHPRWHFRQWURO
6HOHFWRUZKHHOIRUVHOHFWLQJPHQXVUDGLR
VWDWLRQVPXVLFWUDFNVDQGFKDSWHUV
%XWWRQVIRUVHOHFWLQJPHQXV
'HOHWHVDQHQWU\
6NLSEDFNIXQFWLRQIDVWIRUZDUGUHZLQG
VWDUWSDXVHPHQXVHOHFWLRQUDGLR
VWDWLRQVPXVLFWUDFNVDQGFKDSWHUV
k'LUHFWVHOHFWLRQRIUDGLRVWDWLRQVPXVLF
WUDFNVDQGFKDSWHUVXVLQJWKHQXPEHU
NH\SDG
l9ROXPHVZLWFKHVVRXQGRQRIIIRU
FRUGHGKHDGSKRQHV
m%DFNEXWWRQ
n&RQILUPV\RXUVHOHFWLRQ
o,QGLFDWRUODPS
p6ZLWFKHVWKHVFUHHQRQRII
G7ZRUHPRWHFRQWUROVDUHVXSSOLHGIRUWKH
86DQG&DQDGLDQPDUNHWV
6HOHFWLQJWKHVFUHHQIRUWKHUHPRWH
FRQWURO
<RXFDQXVHWKHUHPRWHFRQWUROWRRSHUDWH
RQHRIWKHWZRUHDUVFUHHQVDWDWLPH7RGR
VR\RXPXVWVZLWFKWKHUHPRWHFRQWUROWRWKH
GHVLUHGVFUHHQ
7RVHOHFWWKHOHIWKDQGVFUHHQWXUQ
WKXPEZKHHOCXQWLO/5($5DSSHDUVLQ
WKHZLQGRZ
7RVHOHFWWKHULJKWKDQGVFUHHQWXUQWKH
WKXPEZKHHOXQWLO5($55DSSHDUVLQWKH
ZLQGRZ
7RVHOHFWWKH&20$1'VFUHHQWXUQ
WKXPEZKHHOCXQWLO&20$1'DSSHDUV
LQWKHZLQGRZ
5HDU6HDW(QWHUWDLQPHQW6\VWHPRYHUYLHZ 
5HDU6HDW(QWHUWDLQPHQW6\VWHP
G3OHDVHEHDZDUHWKDWXVLQJWKH
WKXPEZKHHOWRVHOHFWVFUHHQVPD\FDXVH
XQZDQWHGFKDQJHVWRWKHVFUHHQVRI\RXU
RFFXSDQWV
8SWRIRXUUHPRWHFRQWUROVFDQEHXVHGLQ
WKHYHKLFOHDWWKHVDPHWLPH
6ZLWFKLQJWKHVFUHHQRQRII
,IWKH6PDUW.H\LQWKHLJQLWLRQORFNLVLQ
SRVLWLRQRURULIWKH6PDUW.H\LVQRWLQ
WKHLJQLWLRQORFNWKHUHDUVFUHHQVZLOOVZLWFK
RIIDIWHUPLQXWHV%HIRUHWKHVFUHHQV
VZLWFKRIIWKH\VKRZDPHVVDJHWRWKLVHIIHFW
<RXFDQVZLWFKWKHVFUHHQVEDFNRQ
G3OHDVHQRWHWKDWWKLVPD\FDXVHWKH
VWDUWHUEDWWHU\WRGLVFKDUJH
3UHVVEXWWRQCRQWKHUHPRWHFRQWURO
7KHUHVSHFWLYHUHDUFRPSDUWPHQWVFUHHQ
VZLWFKHVRQRURII
G<RXFDQRQO\VZLWFKWKHVFUHHQVRQXVLQJ
WKHUHPRWHFRQWUROLIWKHLJQLWLRQLV
VZLWFKHGRQ
6ZLWFKLQJWKHEXWWRQOLJKWLQJRQRII
/LJKWLQJRIWKHUHPRWHFRQWUROEXWWRQVLV
GLYLGHGLQWRWKUHHDUHDV7KHFRUUHVSRQGLQJ
DUHDLVDFWLYDWHGHYHU\WLPH\RXSUHVVD
EXWWRQ,WVZLWFKHVRIIDJDLQDXWRPDWLFDOO\
WRVHFRQGVDIWHUWKHODVWEXWWRQKDV
EHHQSUHVVHG
6ZLWFKLQJWKHVRXQGRQRIIFRUGHG
KHDGSKRQHVRQO\
3UHVVEXWWRQCRQWKHUHPRWHFRQWURO
7KHVRXQGLVVZLWFKHGRQRII
6HOHFWLQJDPHQX
=%XWWRQVCDUHXVHGWRGLUHFWO\DFFHVVWKH
FRUUHVSRQGLQJPDLQPHQX
=8VLQJVHOHFWRUZKHHORUWKH
YÐcdEXWWRQVVHOHFWD
 5HDU6HDW(QWHUWDLQPHQW6\VWHPRYHUYLHZ
5HDU6HDW(QWHUWDLQPHQW6\VWHP
PHQX7RFRQILUP\RXUVHOHFWLRQSUHVVWKH
EXWWRQ
,QGLFDWRUODPSRQWKHUHPRWHFRQWURO
7KHFRORURIWKHLQGLFDWRUODPSVKRZV
ZKHWKHURUQRWWKHHQWU\KDVEHHQFRUUHFWO\
WUDQVPLWWHGHYHU\WLPH\RXSUHVVDEXWWRQ,W
DOVRVKRZVWKHFRQGLWLRQRIWKHLQVHUWHG
EDWWHULHV
/('
GLVSOD\
6WDWXV
*UHHQ
IODVKHV
RQFH
(QWU\EHLQJWUDQVPLWWHG
7KHEDWWHULHVDUHILQH
5HG
IODVKHV
RQFH
(QWU\EHLQJWUDQVPLWWHG
7KHEDWWHULHVDUHDOPRVW
GLVFKDUJHG
2UDQJH
IODVKHV
WKUHH
WLPHV
(QWU\QRWFRUUHFWO\
WUDQVPLWWHG
8QOLW 7KHEDWWHULHVDUHGLVFKDUJHG
G7KHIXQFWLRQRIWKHUHPRWHFRQWUROPD\EH
LPSDLUHGE\RWKHUUDGLREDVHGHOHFWURQLF
GHYLFHVVXFKDVPRELOHSKRQHVRUODSWRSV
2SHUDWLRQYLDVPDUWSKRQH
C%DFNEXWWRQIRUUHDUFRPSDUWPHQWGLVSOD\
D'LVSOD\RIWLPHSURYLGHULIFRQQHFWHG
DQGEDWWHU\FKDUJHOHYHO
6HOHFWLRQDQGGLVSOD\RIUHDU
FRPSDUWPHQWVFUHHQV
&RQWUROOHU
5HPRWHFRQWUROPHQXEDU
%DFN
k6WDUWSDXVH
l)RUZDUG
m&RQWH[WUHOHYDQWQXPEHURUDOSKDEHWLFDO
NH\SDG
n5HGXFHYROXPHIRUFRUGHGKHDGSKRQHV
o0XWHEXWWRQIRUFRUGHGKHDGSKRQHV
p,QFUHDVHYROXPHIRUFRUGHGKHDGSKRQHV
<RXFDQDOVRRSHUDWHWKH5HDU6HDW
(QWHUWDLQPHQW6\VWHPXVLQJDVPDUWSKRQH
,QRUGHUWREHDEOHWRXVHWKLVIXQFWLRQ\RX
ZLOOQHHGWRGRZQORDGDQDSSIURP*RRJOH
5HDU6HDW(QWHUWDLQPHQW6\VWHPRYHUYLHZ 
5HDU6HDW(QWHUWDLQPHQW6\VWHP
3OD\6WRUH$QGURLGRU$SSOHL7XQHVDQG
LQVWDOOWKLVRQ\RXUVPDUWSKRQH
)XUWKHULQIRUPDWLRQRQFRQQHFWLQJDQGXVLQJ
VPDUWSKRQHVZLWK&20$1'FDQEHIRXQGLQ
WKHDSSGHVFULSWLRQLQWKH*RRJOH3OD\6WRUH
$QGURLGRU$SSOHL7XQHV
&''9'GULYH
C&''9'VORW
D&''9'HMHFWEXWWRQ
'HSHQGLQJRQWKHYHKLFOHPRGHODQG
HTXLSPHQWOHYHOWKH&''9'GULYHLVIRXQG
=DWWKHUHDURIWKHFHQWHUFRQVROHXQGHUWKH
DXWRPDWLFFOLPDWHFRQWUROSDQHORU
=EHWZHHQWKHSDUFHOVKHOIDQGVNLEDJ
$8;MDFNV
C$8;ULJKWKDQG5MDFNIRUDXGLRVLJQDO
UHG
D$8;OHIWKDQG/MDFNIRUDXGLRVLJQDO
ZKLWH
$8;YLGHR9MDFN\HOORZ
'HSHQGLQJRQWKHYHKLFOHPRGHODQG
HTXLSPHQWOHYHOWKH$8;MDFNVDUHIRXQG
=LQWKHVWRZDJHER[EHWZHHQWKHUHDUVHDWV
RU
=LQWKHUHDUFRPSDUWPHQWDUPUHVW
86%SRUWV
C86%SRUW
D86%SRUW
'HSHQGLQJRQWKHYHKLFOHPRGHODQG
HTXLSPHQWOHYHOWKH86%SRUWVDUHIRXQG
=LQWKHVWRZDJHER[EHWZHHQWKHUHDUVHDWV
RU
=LQWKHUHDUFRPSDUWPHQWDUPUHVW
 5HDU6HDW(QWHUWDLQPHQW6\VWHPRYHUYLHZ
5HDU6HDW(QWHUWDLQPHQW6\VWHP
&RUGOHVVKHDGSKRQHV
2YHUYLHZ
7RDGMXVWWKHKHDGSKRQHVRSHQERWKVLGHVRIWKHKHDGSKRQHV
$GMXVWWKHILWRIWKHKHDGSKRQHVE\SXOOLQJWKHKHDGSKRQHEDQGLQWKHGLUHFWLRQRIWKHDUURZ
7RVZLWFKWKHKHDGSKRQHVRQRIISUHVVRQRIIVZLWFKD
7RDGMXVWWKHYROXPHWXUQYROXPHFRQWUROXQWLOWKHGHVLUHGYROXPHLVVHW,I\RXKDYH
FRQQHFWHGFRUGHGKHDGSKRQHVWRDUHDUFRPSDUWPHQWVFUHHQ\RXFDQDGMXVWWKHYROXPH
XVLQJWKHUHPRWHFRQWUROSDJH
7RFKHFNWKHEDWWHU\FRQGLWLRQRIFKDUJHFKHFNWKHVWDWHRIWKHEDWWHULHVXVLQJLQGLFDWRU
ODPSC
G7RSUHVHUYHWKHEDWWHULHVWKHKHDGSKRQHVDXWRPDWLFDOO\VZLWFKRIILIWKH\KDYHQRW
UHFHLYHGDQDXGLRVLJQDOIRUDSSUR[LPDWHO\WKUHHPLQXWHV
,QGLFDWRUODPSRQWKHFRUGOHVV
KHDGSKRQHV
7KHFRORURIWKHLQGLFDWRUODPSVKRZV
=ZKHWKHUWKHGHYLFHLVVZLWFKHGRQRURII
=WKHFRQGLWLRQRIWKHLQVHUWHGEDWWHULHV
/('
GLVSOD\
6WDWXV
*UHHQ 7KHEDWWHULHVDUHILQH
5HG 7KHEDWWHULHVDUHDOPRVW
GLVFKDUJHG
/LW
FRQWLQXRXV
O\
7KHKHDGSKRQHVDUHVZLWFKHG
RQDQGFRQQHFWHGWRDVFUHHQ
/('
GLVSOD\
6WDWXV
)ODVKLQJ 7KHKHDGSKRQHVDUH
VHDUFKLQJIRUWKHFRQQHFWLRQ
WRDVFUHHQ
1RGLVSOD\
GDUN
7KHKHDGSKRQHVDUHVZLWFKHG
RIIRUWKHEDWWHULHVDUH
GLVFKDUJHG
G7KHIXQFWLRQRIWKHKHDGSKRQHVPD\EH
LPSDLUHGE\RWKHUUDGLREDVHGHOHFWURQLF
GHYLFHVVXFKDVPRELOHSKRQHVRUODSWRSV
5HDU6HDW(QWHUWDLQPHQW6\VWHPRYHUYLHZ 
5HDU6HDW(QWHUWDLQPHQW6\VWHP
6HOHFWLQJWKHVFUHHQIRUWKH
KHDGSKRQHV
0RYHSXVKVOLGHUCWR/OHIWKDQGVFUHHQ
RU5ULJKWKDQGVFUHHQ
&RQQHFWLQJDGGLWLRQDOKHDGSKRQHV
8SWRWZRFRUGOHVVKHDGSKRQHVFDQEHXVHG
DWWKHVDPHWLPHIRUHDFKVFUHHQ
<RXFDQDOVRFRQQHFWRQHDGGLWLRQDOVHWRI
FRUGHGKHDGSKRQHVWRHDFKRIWKHWZRUHDU
FRPSDUWPHQWVFUHHQVSDJH7KH
VRFNHWLVGHVLJQHGIRUKHDGSKRQHVZLWKD
PPVWHUHRMDFNSOXJDQGDQLPSHGDQFH
RIRKPV
5HSODFLQJEDWWHULHV
1RWHV
:$51,1*
%DWWHULHVFRQWDLQWR[LFDQGFRUURVLYH
VXEVWDQFHV,IEDWWHULHVDUHVZDOORZHGLWFDQ
UHVXOWLQVHYHUHKHDOWKSUREOHPV7KHUHLVD
ULVNRIIDWDOLQMXU\
.HHSEDWWHULHVRXWRIWKHUHDFKRIFKLOGUHQ,I
DEDWWHU\LVVZDOORZHGVHHNPHGLFDODWWHQWLRQ
LPPHGLDWHO\
(QYLURQPHQWDOQRWH
%DWWHULHVFRQWDLQGDQJHURXV
VXEVWDQFHV,WLVDJDLQVWWKH
ODZWRGLVSRVHRIWKHPZLWK
WKHKRXVHKROGUXEELVK7KH\
PXVWEHFROOHFWHGVHSDUDWHO\
DQGUHF\FOHGWRSURWHFWWKH
HQYLURQPHQW
'LVSRVHRIEDWWHULHVLQDQ
HQYLURQPHQWDOO\IULHQGO\
PDQQHU7DNHGLVFKDUJHG
EDWWHULHVWRDTXDOLILHG
VSHFLDOLVWZRUNVKRSRUD
VSHFLDOFROOHFWLRQSRLQWIRU
XVHGEDWWHULHV
%DWWHULHVDUHUHTXLUHGIRUWKHUHPRWHFRQWURO
DQGIRUWKHWZRVHWVRIFRUGOHVVKHDGSKRQHV
7KHEDWWHULHVFDQEHUHSODFHG
(QYLURQPHQWDOQRWH
'LVSRVHRIGLVFKDUJHGEDWWHULHVLQDQ
HQYLURQPHQWDOO\UHVSRQVLEOHPDQQHU
5HSODFLQJWKHEDWWHULHVRIWKHUHPRWH
FRQWURO
C%DWWHU\FRPSDUWPHQW
D&DWFKWDE
%DWWHU\FRPSDUWPHQWFRYHU
 5HDU6HDW(QWHUWDLQPHQW6\VWHPRYHUYLHZ
5HDU6HDW(QWHUWDLQPHQW6\VWHP
5HWDLQLQJOXJV
%DWWHULHV
7KHUHPRWHFRQWUROFRQWDLQVWZRW\SH$$$
9EDWWHULHV
7RRSHQWKHEDWWHU\FRPSDUWPHQW
UHPRYHEDWWHU\FRPSDUWPHQWFRYHURQ
WKHEDFNRIWKHUHPRWHFRQWURO
3XVKFDWFKWDEDGRZQDQGWDNHRII
EDWWHU\FRPSDUWPHQWFRYHU
5HPRYHGLVFKDUJHGEDWWHULHVIURPWKH
WUD\
,QVHUWWKHQHZEDWWHULHV2EVHUYHWKH
SRODULW\PDUNLQJVRQWKHEDWWHULHVDQG
EDWWHU\FRPSDUWPHQWZKHQGRLQJVR
/HIWKDQGEDWWHU\WKHSRVLWLYHSROH
PXVWIDFHXSZDUGV
5LJKWKDQGEDWWHU\WKHSRVLWLYHSROH
PXVWIDFHGRZQZDUGV
7RFORVHWKHEDWWHU\FRPSDUWPHQW
LQVHUWEDWWHU\FRPSDUWPHQWFRYHU
VWDUWLQJZLWKUHWDLQLQJOXJVLQWRWKH
EDWWHU\FRPSDUWPHQWDQGDOORZFDWFK
WDEDWRHQJDJHLQSODFH
5HSODFLQJFRUGOHVVKHDGSKRQH
EDWWHULHV
7KHEDWWHU\FRPSDUWPHQWLVORFDWHGRQWKH
OHIWKHDGSKRQH7KHFRUGOHVVKHDGSKRQHV
UHTXLUHWZRW\SH$$$9EDWWHULHV
7RRSHQWKHEDWWHU\FRPSDUWPHQWWXUQ
EDWWHU\FRPSDUWPHQWFRYHUCLQD
FORFNZLVHGLUHFWLRQDQGUHPRYH
5HPRYHWKHGLVFKDUJHGEDWWHULHVIURPWKH
WUD\
,QVHUWWKHQHZEDWWHULHV2EVHUYHWKH
SRODULW\PDUNLQJVRQWKHEDWWHULHVDQG
EDWWHU\WUD\ZKHQGRLQJVR
7RFORVHWKHEDWWHU\FRPSDUWPHQW
UHSODFHEDWWHU\KRXVLQJFRYHUCDQGWXUQ
LWFRXQWHUFORFNZLVHXQWLOLWHQJDJHV
,IWKHEDWWHULHVKDYHEHHQLQVHUWHG
FRUUHFWO\WKHLQGLFDWRUODPSZLOOOLJKWXS
JUHHQZKHQWKHKHDGSKRQHVDUHVZLWFKHG
RQ
G7KHRSHUDWLQJGXUDWLRQRIWKHKHDGSKRQHV
ZLWKDVHWRIEDWWHULHVLVXSWRKRXUV
6\VWHPVHWWLQJV
1RWH
<RXFDQDGMXVWDOOV\VWHPVHWWLQJVLQGLYLGXDOO\
IRUHDFKVFUHHQZLWKRXWDIIHFWLQJWKHRWKHU
VFUHHQ7RGRWKLVSOHDVHXVHWKHUHPRWH
FRQWUROSDJH
6HOHFWLQJWKHGLVSOD\ODQJXDJH
6HOHFW9HKLFOHXVLQJWKH
cdYeEXWWRQVRQWKH
UHPRWHFRQWURODQGSUHVVWKHEXWWRQWR
FRQILUP
3UHVVWKHdEXWWRQRQWKHUHPRWH
FRQWURO
$PHQXDSSHDUV
6HOHFW6\VWHP6HWWLQJVXVLQJ
WKHdYeEXWWRQVRQWKHUHPRWH
FRQWURODQGSUHVVWKHEXWWRQWRFRQILUP
<RXVHHWKHV\VWHPVHWWLQJVPHQXRQWKH
VHOHFWHGUHDUVFUHHQ
6\VWHPVHWWLQJV 
5HDU6HDW(QWHUWDLQPHQW6\VWHP
6HOHFW
/DQJXDJH
XVLQJWKHcd
EXWWRQVDQGSUHVVWKHEXWWRQWRFRQILUP
7KHOLVWRIODQJXDJHVDSSHDUV$6GRW
LQGLFDWHVWKHFXUUHQWVHWWLQJ
6HOHFWWKHODQJXDJHXVLQJWKHcd
EXWWRQVDQGSUHVVWKHEXWWRQWRFRQILUP
7KHV\VWHPDFWLYDWHVWKHFRUUHVSRQGLQJ
ODQJXDJH
6ZLWFKLQJWKHGLVSOD\GHVLJQ
6HOHFW
9HKLFOH
XVLQJWKH
cdYeEXWWRQVRQWKH
UHPRWHFRQWURODQGSUHVVWKHEXWWRQWR
FRQILUP
6HOHFW
6\VWHP6HWWLQJV
XVLQJ
WKHdYeEXWWRQVRQWKHUHPRWH
FRQWURODQGSUHVVWKHEXWWRQWRFRQILUP
<RXVHHWKHV\VWHPVHWWLQJVPHQXRQWKH
VHOHFWHGUHDUVFUHHQ
6HOHFW
'LVSOD\
XVLQJWKHcd
EXWWRQVRQWKHUHPRWHFRQWURODQGSUHVV
WKHEXWWRQWRFRQILUP
6HOHFW
'D\0RGH

1LJKW0RGH
RU
$XWRPDWLF
XVLQJWKHcdEXWWRQV
DQGSUHVVWKHEXWWRQWRFRQILUP
7KHGRWLQGLFDWHVWKHFXUUHQWVHWWLQJ
'HVLJQ ([SODQDWLRQ
'D\0RGH
7KHGLVSOD\LVVHW
SHUPDQHQWO\WRGD\
GHVLJQ
1LJKW0RGH
7KHGLVSOD\LVVHW
SHUPDQHQWO\WRQLJKW
GHVLJQ
$XWRPDWLF
7KHGLVSOD\GHVLJQ
FKDQJHVGHSHQGLQJRQ
WKHYHKLFOHLQVWUXPHQW
FOXVWHULOOXPLQDWLRQ
6HWWLQJWKHEULJKWQHVV
6HOHFW
9HKLFOH
XVLQJWKH
cdYeEXWWRQVRQWKH
UHPRWHFRQWURODQGSUHVVWKHEXWWRQWR
FRQILUP
6HOHFW
6\VWHP6HWWLQJV
XVLQJ
WKHdYeEXWWRQVRQWKHUHPRWH
FRQWURODQGSUHVVWKHEXWWRQWRFRQILUP
<RXVHHWKHV\VWHPVHWWLQJVPHQXRQWKH
VHOHFWHGUHDUVFUHHQ
6HOHFW
'LVSOD\
XVLQJWKHcd
EXWWRQVRQWKHUHPRWHFRQWURODQGSUHVV
WKHEXWWRQWRFRQILUP
6HOHFW
%ULJKWQHVV
XVLQJWKHcd
EXWWRQVDQGSUHVVWKHEXWWRQWRFRQILUP
$VFDOHDSSHDUV
$GMXVWWKHEULJKWQHVVXVLQJWKHcd
EXWWRQVDQGSUHVVWKHEXWWRQWRFRQILUP
7KHEULJKWQHVVEDUPRYHVXSRUGRZQ7KH
SLFWXUHEHFRPHVOLJKWHURUGDUNHULQ
DFFRUGDQFHZLWKWKHVFDOH
6KRZLQJKLGLQJWKHSLFWXUH
6HOHFW
9HKLFOH
XVLQJWKH
cdYeEXWWRQVRQWKH
UHPRWHFRQWURODQGSUHVVWKHEXWWRQWR
FRQILUP
3UHVVEXWWRQdRQWKHUHPRWHFRQWURO
$PHQXDSSHDUV
6HOHFW
'LVSOD\2II
XVLQJWKH
cdYeEXWWRQVDQGSUHVV
WKHEXWWRQWRFRQILUP
7RGLVSOD\WKHSLFWXUHSUHVVWKH
EXWWRQ
$GMXVWLQJVRXQGVHWWLQJV
<RXFDQVHOHFWWKHVRXQGVHWWLQJVLQWKHUDGLR
DXGLR&'DXGLR'9'03YLGHR'9'DQG
$8;PRGHV
 6\VWHPVHWWLQJV
5HDU6HDW(QWHUWDLQPHQW6\VWHP
6HOHFWDPHGLXPHJDXGLR&'PRGH
SDJH
7RVKRZWKHPHQXSUHVVWKHdEXWWRQ
RQWKHUHPRWHFRQWURO
6HOHFW6RXQGXVLQJWKHdYe
EXWWRQVRQWKHUHPRWHFRQWURODQGSUHVV
WKHEXWWRQWRFRQILUP
6HOHFW7UHEOH0LGRU%DVVXVLQJ
WKHdYeEXWWRQVRQWKHUHPRWH
FRQWURODQGSUHVVWKHEXWWRQWRFRQILUP
6HOHFWWKHGHVLUHGVHWWLQJXVLQJWKH
VHOHFWRUZKHHORQWKHUHPRWHFRQWURO
7RH[LWWKHPHQXSUHVVWKH8EXWWRQRQ
WKHUHPRWHFRQWURO
3LFWXUHVHWWLQJV
2YHUYLHZ
<RXFDQVHOHFWWKHSLFWXUHVHWWLQJVLQYLGHR
'9'DQG$8;PRGH
$GMXVWLQJWKHEULJKWQHVVFRQWUDVWDQG
FRORU
6ZLWFKRQYLGHR'9'PRGHSDJH
7RVKRZWKHPHQXSUHVVWKHEXWWRQ
RQWKHUHPRWHFRQWURO
6HOHFWâXVLQJWKHYeEXWWRQV
DQGSUHVVWKHWRFRQILUP
$PHQXDSSHDUV
6HOHFW2SWLRQVXVLQJWKHdYe
EXWWRQVDQGSUHVVWKHEXWWRQWRFRQILUP
6HOHFW9LGHR6HWWLQJVXVLQJ
WKHdYeEXWWRQVDQGSUHVVWKH
EXWWRQWRFRQILUP
6HOHFW%ULJKWQHVV&RQWUDVWRU&RORU
XVLQJWKHcdEXWWRQVDQGSUHVVWKH
EXWWRQWRFRQILUP
$QDGMXVWPHQWVFDOHDSSHDUV
6HOHFWWKHVHWWLQJXVLQJWKHcd
EXWWRQVDQGSUHVVWKHEXWWRQWRFRQILUP
&KDQJLQJWKHSLFWXUHIRUPDW
6ZLWFKRQYLGHR'9'PRGHSDJH
7RVKRZWKHPHQXSUHVVWKHEXWWRQ
RQWKHUHPRWHFRQWURO
6HOHFWâXVLQJWKHYeEXWWRQV
DQGSUHVVWKHWRFRQILUP
$PHQXDSSHDUV
6HOHFW2SWLRQVXVLQJWKHdYe
EXWWRQVDQGSUHVVWKHEXWWRQWRFRQILUP
6HOHFW9LGHR6HWWLQJVXVLQJ
WKHdYeEXWWRQVDQGSUHVVWKH
EXWWRQWRFRQILUP
7KHGRWLQIURQWRIRQHRIWKHPHQXLWHPV
RULQGLFDWHVWKHIRUPDWFXUUHQWO\
VHOHFWHG
6HOHFWWKHIRUPDWXVLQJWKHcd
EXWWRQVDQGSUHVVWKHEXWWRQWRFRQILUP
9HKLFOHVHWWLQJV
&KDQJLQJYHKLFOHVHWWLQJV
<RXFDQFKDQJHWKHYHKLFOHVHWWLQJVIURPWKH
UHDUFRPSDUWPHQW
<RXFDQPDNHWKHIROORZLQJFKDQJHV
=([WHQGVHDWKHDWLQJWRVZLWFKWKHDUPUHVW
SDQHOKHDWLQJLQWKHUHDUFRPSDUWPHQWRQ
RII
=6HDWVHWWLQJV
9HKLFOHVHWWLQJV 
5HDU6HDW(QWHUWDLQPHQW6\VWHP
&KDQJLQJYHKLFOHVHWWLQJVVHOHFW
9HKLFOH
XVLQJWKHcYeEXWWRQV
RQWKHUHPRWHFRQWURODQGSUHVVWKH
EXWWRQWRFRQILUP
<RXZLOOVHHDPHQXZLWKWKHDYDLODEOH
YHKLFOHIXQFWLRQV
6HOHFW
9HKLFOH6HWWLQJV
RU
6HDW
6HWWLQJV
XVLQJWKHEXWWRQVYe
3UHVVEXWWRQRQWKHUHPRWHFRQWURO
)XUWKHULQIRUPDWLRQRQVHDWVHWWLQJV
SDJH
)XUWKHULQIRUPDWLRQRQSDQHOKHDWLQJ
SDJH
G7KHSDQHOKHDWLQJLQWKHUHDU
FRPSDUWPHQWLVDYDLODEOHLIWKHNH\LQWKH
LJQLWLRQORFNLVLQSRVLWLRQRU
1DYLWDLQPHQW
1DYLJDWLRQPRGH
1DYLJDWLRQIXQFWLRQVVXFKDVWKHFRPSDVV
FDQEHXVHGLQWKHUHDUFRPSDUWPHQW
&DOOLQJXS'ULYH,QIRUPDWLRQ
3UHVVEXWWRQ¾RQWKHUHPRWHFRQWURO
<RXZLOOVHHWKHFXUUHQWQDYLJDWLRQ
LQIRUPDWLRQ
&DOOLQJXSWKHFRPSDVV
3UHVVEXWWRQ¾RQWKHUHPRWHFRQWURO
3UHVVEXWWRQdRQWKHUHPRWHFRQWURO
$PHQXDSSHDUV
8VLQJWKHUHPRWHFRQWUROVHOHFW
0HQX
8VLQJWKHUHPRWHFRQWUROVHOHFW
&RPSDVV
&DOOLQJXSWKHRQOLQHPDSGLVSOD\
G$Q,QWHUQHWFRQQHFWLRQLVUHTXLUHGWRXVH
WKHRQOLQHPDSGLVSOD\SDJH
3UHVVEXWWRQ¾RQWKHUHPRWHFRQWURO
3UHVVEXWWRQdRQWKHUHPRWHFRQWURO
$PHQXDSSHDUV
8VLQJWKHUHPRWHFRQWUROVHOHFW
0HQX
8VLQJWKHUHPRWHFRQWUROVHOHFW
2QOLQH
0DS'LVSOD\
2QOLQHDQG,QWHUQHWIXQFWLRQV
<RXFDQXVHRQOLQHDQG,QWHUQHWIXQFWLRQVLQ
WKHUHDUFRPSDUWPHQW
,QWHUQHWFRQGLWLRQVIRUDFFHVVSDJH
2SWLRQVIRURQOLQHDQG,QWHUQHWIXQFWLRQV
SDJH
<RXFDQFKRRVHIURPWKHIROORZLQJ,QWHUQHW
IXQFWLRQV
=:HDWKHU
=,QWHUQHW
=0HUFHGHV%HQ]$SSV
=,QWHUQHWUDGLR
=0HUFHGHV%HQ]0RELOH:HEVLWH
8VLQJ,QWHUQHWIXQFWLRQV
3UHVVEXWWRQ§RQWKHUHPRWHFRQWURO
$PHQXDSSHDUV
6HOHFWWKHRQOLQH,QWHUQHWIXQFWLRQ
UHTXLUHG
&DOOLQJXSWKH,QWHUQHWIXQFWLRQVPHQX
3UHVVWKH8EXWWRQRQWKHUHPRWH
FRQWUROZKLOHXVLQJWKH,QWHUQHWIXQFWLRQ
 2QOLQHDQG,QWHUQHWIXQFWLRQV
5HDU6HDW(QWHUWDLQPHQW6\VWHP
([LWLQJWKH,QWHUQHWIXQFWLRQV
3UHVVWKH8EXWWRQRQWKHUHPRWH
FRQWURO
$PHQXDSSHDUV
6HOHFWWKHÐV\PEROLQWKHPHQXDQG
SUHVVWKHEXWWRQRQWKHUHPRWHFRQWURO
WRFRQILUP
RU
6HOHFWDQRWKHUIXQFWLRQHJ0HGLDRU
5DGLR
)XUWKHULQIRUPDWLRQRQXVLQJRQOLQHDQG
,QWHUQHWIXQFWLRQVSDJH
5DGLRPRGH
6ZLWFKLQJWRUDGLRPRGH
3UHVVEXWWRQ*RQWKHUHPRWHFRQWURO
5DGLRPRGHVWDUWV
)XUWKHULQIRUPDWLRQRQUDGLRPRGH
SDJH
0HGLDPRGH
$FWLYDWLQJPHGLDPRGH
7KHUHDUHVHYHUDOZD\VWRDFWLYDWHPHGLD
VRXUFHVXVLQJ&20$1'
7KHUHOHYDQWVHFWLRQVRIWKH2SHUDWRUV
0DQXDOGHVFULEHWKHVLPSOHVWZD\WRDFWLYDWH
DPHGLDVRXUFH
7KLVVHFWLRQGHVFULEHVDOORSWLRQVIRU
DFWLYDWLQJPHGLDVRXUFHV
8VLQJWKH0(',$EXWWRQ
3UHVVEXWWRQýRQWKHUHPRWHFRQWURO
7KHPHQXIRUWKHODVWDFFHVVHGPHGLD
VRXUFHDSSHDUV
7RVHOHFWWKHPHGLDVRXUFHNHHS
SUHVVLQJWKHýEXWWRQRQWKHUHPRWH
FRQWUROXQWLOWKHUHTXLUHGPHGLDVRXUFHKDV
EHHQVHW
,ISOD\DEOHPXVLFILOHVDUHIRXQGWKH\ZLOO
EHSOD\HGE\&20$1'
6ZLWFKLQJRQDXWRPDWLFDOO\
,I&20$1'LVRQO\DFWLYHDWRQHRSHUDWLQJ
SRVLWLRQLQWKHUHDUFRPSDUWPHQWWKH
UHVSHFWLYHPHGLXPZLOOVZLWFKRQ
DXWRPDWLFDOO\RQFHFRQQHFWHGLQVHUWHG
,IDPHGLDIXQFWLRQLVDOUHDG\VZLWFKHGRQLQ
&20$1'WKLVZLOOEHLQWHUUXSWHGDQGWKH
EDVLFGLVSOD\RIWKHQHZO\FRQQHFWHG
LQVHUWHGPHGLXPZLOODSSHDU
,I&20$1'LVEHLQJRSHUDWHGLQDQRWKHU
IXQFWLRQVXFKDVQDYLJDWLRQZKHQDQ
H[WHUQDOPHGLDVRXUFHLVFRQQHFWHG
LQVHUWHGWKHEDVLFGLVSOD\ZLOOQRWFKDQJH
2QO\WKHPXVLFIURPWKHQHZO\FRQQHFWHG
GDWDFDUULHUZLOOSOD\
6WDUWLQJPHGLDSOD\EDFNXVLQJWKH
PDLQIXQFWLRQEDU
7RVKRZWKHPHQXSUHVVWKHcEXWWRQ
RQWKHUHPRWHFRQWURO
6HOHFW0HGLDXVLQJWKHYeEXWWRQV
RQWKHUHPRWHFRQWURODQGSUHVVWKH
EXWWRQWRFRQILUP
0HGLDPRGH 
5HDU6HDW(QWHUWDLQPHQW6\VWHP
7RVHOHFWWKHPHGLDVRXUFHWXUQWKH
VHOHFWRUZKHHORQWKHUHPRWHFRQWURO
RU
3UHVVWKHYeEXWWRQRQWKHUHPRWH
FRQWURO
7KHPHQXDSSHDUVZLWKWKHDYDLODEOHPHGLD
VRXUFHV
3UHVVEXWWRQRQWKHUHPRWHFRQWURO
,IWKHGLVFFRQWDLQVPXVLFRUYLGHRILOHV
WKHVHZLOOEHSOD\HG7KHFRUUHVSRQGLQJ
EDVLFPHQXZLOOEHVKRZQ
6WDUWLQJPHGLDXVLQJWKHGHYLFHOLVW
3UHVVEXWWRQýRQWKHUHPRWHFRQWURO
7RVKRZWKHPHQXSUHVVWKHdEXWWRQ
RQWKHUHPRWHFRQWURO
8VLQJWKHdYeEXWWRQVRQWKH
UHPRWHFRQWUROVHOHFW
'HYLFHV
7KHGLVFVGHYLFHVDYDLODEOHDUHVKRZQ7KH
6GRWLQGLFDWHVWKHFXUUHQWVHWWLQJ
6HOHFWWKHGHYLFHGLVFXVLQJWKHd
cEXWWRQVDQGSUHVVWKHEXWWRQWR
FRQILUP
,IWKHGHYLFHGLVFFRQWDLQVPXVLFRUYLGHR
ILOHVWKHVHZLOOEHSOD\HG
0XVLFVHDUFK
7KHPHGLDVRXUFHKDVDOUHDG\EHHQ
VHOHFWHG
3UHVVEXWWRQdRQWKHUHPRWHFRQWURO
7KHPHQXLVVKRZQ
6HOHFW
6HDUFK
XVLQJWKHYeEXWWRQV
RQWKHUHPRWHFRQWURODQGSUHVVWKH
EXWWRQWRFRQILUP
7KHPHGLDVRXUFHKDVQRWEHHQVHOHFWHG
\HW
7RVHOHFWWKHPHGLDVRXUFHNHHSSUHVVLQJ
WKHýEXWWRQRQWKHUHPRWHFRQWUROXQWLO
WKHGHVLUHGPHGLDVRXUFHKDVEHHQVHW
3UHVVEXWWRQdRQWKHUHPRWHFRQWURO
7KHPHQXLVVKRZQ
6HOHFW
6HDUFK
XVLQJWKHYeEXWWRQV
RQWKHUHPRWHFRQWURODQGSUHVVWKH
EXWWRQWRFRQILUP
)XUWKHULQIRUPDWLRQRQWKHPXVLFVHDUFK
SDJH
$XGLRYLGHRPRGH
,PSRUWDQWVDIHW\QRWHV
:$51,1*
7KH&''9'GULYHLVDFODVVODVHUSURGXFW
,I\RXRSHQWKH&''9'GULYHKRXVLQJ\RX
FRXOGEHH[SRVHGWRLQYLVLEOHODVHUUDGLDWLRQ
7KLVODVHUUDGLDWLRQFRXOGGDPDJH\RXUUHWLQD
7KHUHLVDULVNRILQMXU\
1HYHURSHQWKHKRXVLQJ$OZD\VKDYH
PDLQWHQDQFHDQGUHSDLUZRUNFDUULHGRXWDWD
TXDOLILHGVSHFLDOLVWZRUNVKRS
*HQHUDOQRWHV
<RXZLOOILQGLQIRUPDWLRQRQWKHIROORZLQJ
WRSLFVLQWKH$XGLRVHFWLRQ
=QRWHVRQ&'V'9'VSDJH
=QRWHVRQ03PRGHSDJH
=QRWHVRQFRS\ULJKWSDJH
 $XGLRYLGHRPRGH
5HDU6HDW(QWHUWDLQPHQW6\VWHP
,QVHUWLQJD&''9'
C'LVFVORW
D'LVFHMHFWEXWWRQ
'HSHQGLQJRQWKHYHKLFOHPRGHODQG
HTXLSPHQWOHYHOWKH&''9'GULYHLVIRXQG
=DWWKHUHDURIWKHFHQWHUFRQVROHXQGHUWKH
DXWRPDWLFFOLPDWHFRQWUROSDQHORU
=EHWZHHQWKHSDUFHOVKHOIDQGVNLEDJ
7KH&''9'GULYHLVDVLQJOHGLVFGULYH,I
WKHUHLVDOUHDG\DGLVFLQVHUWHGWKLVPXVWEH
HMHFWHGEHIRUHDQRWKHULVLQVHUWHG
,QVHUWDGLVFLQWRWKHGLVFVORW
7KHSULQWHGVLGHRIWKHGLVFPXVWIDFH
XSZDUGV,IQHLWKHUVLGHRIWKHGLVFLV
SULQWHGWKHVLGH\RXZLVKWRSOD\PXVWIDFH
GRZQZDUGV
7KH&''9'GULYHGUDZVLQWKHGLVF
7KH&''9'GULYHSOD\VWKHGLVF
=LILWKDVEHHQLQVHUWHGFRUUHFWO\DQGLVD
SHUPLVVLEOHGLVFDQG
=RQFH\RXKDYHDFWLYDWHGGLVFPRGH
SDJH
'DWDRQDQ03&'ILUVWQHHGVWREHORDGHG
E\WKHGULYH/RDGLQJPD\WDNHVRPHWLPH
GHSHQGLQJRQWKHQXPEHURIIROGHUVDQG
WUDFNV
6ZLWFKLQJWRDXGLRYLGHRPRGH
,QVHUWD&''9'SDJH
7KHV\VWHPORDGVWKHLQVHUWHGGLVFDQG
VWDUWVSOD\EDFN
RU
6HOHFW0HGLDXVLQJWKHcYe
EXWWRQVRQWKHUHPRWHFRQWURODQGSUHVV
WKHEXWWRQWRFRQILUP
6HOHFW'LVFXVLQJWKHYeEXWWRQV
DQGSUHVVWKHEXWWRQWRFRQILUP
7KHV\VWHPSOD\VWKHGLVF
6ZLWFKLQJWRRWKHUPHGLDLQVHUWWKH
GHYLFHLQWRWKHFRUUHVSRQGLQJMDFN/,1.
7KHV\VWHPVHDUFKHVIRUILOHVRQWKHGHYLFH
WKDWFDQEHSOD\HGEDFNDQGWKHQSOD\V
WKHP
6HOHFWLQJDWUDFN
6HOHFWLQJE\VNLSSLQJWRDWUDFN
7RVNLSIRUZDUGVRUEDFNZDUGVWRD
WUDFNSUHVVWKHYRUeEXWWRQRQ
WKHUHPRWHFRQWURO
RU
3UHVVWKHHRUIEXWWRQ
7KHVNLSIRUZDUGIXQFWLRQVNLSVWRWKHQH[W
WUDFN
,IWKHHODSVHGWUDFNWLPHKDVH[FHHGHG
VHFRQGVWKHIXQFWLRQVNLSVEDFNWRWKH
EHJLQQLQJRIWKHWUDFN,IWKHHODSVHGWLPH
LVVKRUWHULWZLOOVNLSWRWKHVWDUWRIWKH
SUHYLRXVWUDFN
,IWKH5DQGRP7UDFNRU5DQGRP)ROGHU
SOD\EDFNRSWLRQKDVEHHQVHOHFWHGWKH
WUDFNRUGHULVUDQGRP
6HOHFWLQJE\WUDFNOLVW
,QDXGLR&'PRGHWKHWUDFNOLVWFRQWDLQVDOO
WUDFNVRQWKHGLVFFXUUHQWO\SOD\LQJ
,Q03PRGHWKHWUDFNOLVWVKRZVDOOWUDFNV
LQWKHFXUUHQWO\DFWLYHIROGHUDVZHOODVWKH
IROGHUVWUXFWXUHDOORZLQJ\RXWRVHOHFWDQ\
WUDFNRQWKH03&'
$XGLRYLGHRPRGH 
5HDU6HDW(QWHUWDLQPHQW6\VWHP
6HOHFW
6HDUFK
XVLQJWKHdYe
EXWWRQVRQWKHUHPRWHFRQWURODQGSUHVV
WKHEXWWRQWRFRQILUP
6HOHFW
&XUUHQW7UDFNOLVW
XVLQJWKH
cdEXWWRQVDQGSUHVVWKHEXWWRQ
WRFRQILUP
7KHWUDFNOLVWDSSHDUV7KH6GRWLQGLFDWHV
WKHFXUUHQWWUDFN
6HOHFWWKHWUDFNXVLQJWKHcd
EXWWRQVDQGSUHVVWKHEXWWRQWRFRQILUP
0DNLQJDVHOHFWLRQE\HQWHULQJWKHWUDFN
QXPEHUGLUHFWO\
7KLVIXQFWLRQLVRQO\DYDLODEOHLQ0HGLDPRGH
3UHVVEXWWRQ~RQWKHUHPRWHFRQWURO
7KHWUDFNHQWU\GLVSOD\DSSHDUV
([DPSOHWUDFN
3UHVVQXPEHUEXWWRQ
([DPSOHWUDFN
3UHVVWKHFRUUHVSRQGLQJQXPEHUNH\VLQ
UDSLGVXFFHVVLRQ
:DLWIRUDSSUR[LPDWHO\WKUHHVHFRQGVDIWHU
PDNLQJWKHHQWU\
<RXZLOOKHDUWKHWUDFNZKLFKKDVEHHQ
HQWHUHG7KHFRUUHVSRQGLQJEDVLFPHQX
WKHQUHDSSHDUV
G,WLVQRWSRVVLEOHWRHQWHUQXPEHUVWKDW
H[FHHGWKHQXPEHURIWUDFNVRQWKH&'RU
LQWKHFXUUHQWO\DFWLYHIROGHU
)DVWIRUZDUGLQJUHZLQGLQJ
:LWKWKHGLVSOD\VHOHFWLRQZLQGRZDFWLYH
SUHVVWKHYRUeEXWWRQRQWKH
UHPRWHFRQWUROUHSHDWHGO\XQWLO\RXUHDFK
WKHGHVLUHGSRVLWLRQ
RU
3UHVVDQGKROGWKHHRUIEXWWRQ
XQWLOWKHGHVLUHGSRVLWLRQLVUHDFKHG
6HOHFWLQJDIROGHU
7KLVIXQFWLRQLVRQO\DYDLODEOHLQ03PRGH
6HOHFW
6HDUFK
XVLQJWKHdYe
EXWWRQVRQWKHUHPRWHFRQWURODQGSUHVV
WKHEXWWRQWRFRQILUP
6HOHFW
)ROGHU
XVLQJWKHdYe
EXWWRQVDQGSUHVVWKHEXWWRQWRFRQILUP
7KHIROGHUFRQWHQWDSSHDUV
7RVZLWFKWRWKHQH[WIROGHUXSSUHVVWKH
YEXWWRQRQWKHUHPRWHFRQWURO
7KHGLVSOD\VKRZVWKHQH[WIROGHUXS
6HOHFWWKHIROGHUZLWKWKHcd
EXWWRQVDQGSUHVVWKHEXWWRQWRFRQILUP
<RXZLOOVHHWKHWUDFNVLQWKHIROGHU
6HOHFWWKHWUDFNXVLQJWKHcd
EXWWRQVDQGSUHVVWKHEXWWRQWRFRQILUP
7KHWUDFNLVSOD\HGDQGWKHFRUUHVSRQGLQJ
IROGHULVQRZWKHDFWLYHIROGHU
3DXVH3OD\EDFN
7RSDXVHSOD\EDFNSUHVVWKHe
ÏEXWWRQRQWKHUHPRWHFRQWURO
7KHÏGLVSOD\FKDQJHVWRÐ
7RFRQWLQXHSOD\EDFNSUHVVWKHe
ÏEXWWRQ
7KHÐGLVSOD\FKDQJHVWRÏ
3OD\EDFNRSWLRQV
6HOHFW
2SWLRQV
XVLQJWKHdYe
EXWWRQVDQGSUHVVWKHEXWWRQWRFRQILUP
7KHRSWLRQVOLVWDSSHDUV7KH6GRW
LQGLFDWHVWKHRSWLRQFXUUHQWO\VHOHFWHG
6HOHFW
1RUPDO7UDFN6HTXHQFH

5DQGRP
7UDFN
RU
5DQGRP)ROGHU
XVLQJWKH
cdEXWWRQVDQGSUHVVWKHEXWWRQ
WRFRQILUP
7KHRSWLRQLVVZLWFKHGRQ)RUDOORSWLRQV
H[FHSW
1RUPDO7UDFN6HTXHQFH
\RXZLOO
 $XGLRYLGHRPRGH
5HDU6HDW(QWHUWDLQPHQW6\VWHP
VHHDFRUUHVSRQGLQJGLVSOD\LQWKHGLVSOD\
VHOHFWLRQZLQGRZ
G,I\RXVZLWFKWKHGDWDFDUULHUZKLFK\RX
DUHFXUUHQWO\OLVWHQLQJWRWKH1RUPDO
7UDFN6HTXHQFHRSWLRQLVDFWLYDWHG
DXWRPDWLFDOO\,IDQRSWLRQLVVHOHFWHGLW
UHPDLQVVHOHFWHGDIWHUWKHV\VWHPLV
VZLWFKHGRQRURII
6ZLWFKLQJWUDFNLQIRUPDWLRQRQRII
,IWKHIXQFWLRQLVVZLWFKHGRQWKHLQIRUPDWLRQ
VDYHGLQWKHDXGLRILOHVVXFKDVWUDFNDUWLVW
RUDOEXPZLOOEHVKRZQLIDYDLODEOH
,IWKHIXQFWLRQLVVZLWFKHGRIIWKHQDPHVRI
WKHILOHVDQGIROGHUVRQWKHGLVFDUHVKRZQ
6HOHFW2SWLRQVXVLQJWKHdYe
EXWWRQVDQGSUHVVWKHEXWWRQWRFRQILUP
6HOHFW'LVSOD\7UDFN,QIRUPDWLRQ
XVLQJWKHcdEXWWRQVDQGSUHVVWKH
EXWWRQWRFRQILUP
7KHIXQFWLRQLVVZLWFKHGRQsRURIIS
GHSHQGLQJRQWKHSUHYLRXVVWDWXV
9LGHR'9'PRGH
,PSRUWDQWVDIHW\QRWHV
:$51,1*
7KH&''9'GULYHLVDFODVVODVHUSURGXFW
,I\RXRSHQWKH&''9'GULYHKRXVLQJ\RX
FRXOGEHH[SRVHGWRLQYLVLEOHODVHUUDGLDWLRQ
7KLVODVHUUDGLDWLRQFRXOGGDPDJH\RXUUHWLQD
7KHUHLVDULVNRILQMXU\
1HYHURSHQWKHKRXVLQJ$OZD\VKDYH
PDLQWHQDQFHDQGUHSDLUZRUNFDUULHGRXWDWD
TXDOLILHGVSHFLDOLVWZRUNVKRS
*HQHUDOQRWHV
'9'SOD\EDFNFRQGLWLRQV
3OD\EDFNSUREOHPVPD\RFFXUZKHQSOD\LQJ
FRSLHGGLVFV7KHUHLVDODUJHYDULHW\RIGLVFV
'9'DXWKRULQJVRIWZDUHZULWLQJVRIWZDUHDQG
ZULWHUVDYDLODEOH7KLVYDULHW\PHDQVWKDW
WKHUHLVQRJXDUDQWHHWKDWWKHV\VWHPZLOOEH
DEOHWRSOD\YLGHR'9'V\RXKDYHFRSLHG
\RXUVHOI
)XUWKHULQIRUPDWLRQSDJH
)XQFWLRQUHVWULFWLRQV
'HSHQGLQJRQWKH'9'FHUWDLQIXQFWLRQVRU
DFWLRQVPD\EHWHPSRUDULO\EORFNHGRUQRW
IXQFWLRQDWDOO$VVRRQDV\RXWU\WRDFWLYDWH
WKHVHIXQFWLRQV\RXZLOOVHHWKHGV\PERO
LQWKHGLVSOD\
6ZLWFKLQJWRYLGHR'9'PRGH
,QVHUWDYLGHR'9'SDJH
7KHV\VWHPORDGVWKHGLVF
,IGLVFPRGHZDVWKHODVWPRGHVHOHFWHGLW
ZLOOQRZEHDFWLYH
0DQXDOO\VZLWFKWRYLGHR'9'PRGH
UHSHDWHGO\SUHVVWKHýEXWWRQRQWKH
UHPRWHFRQWUROXQWLOWKHYLGHR'9'PRGHLV
VZLWFKHGRQ
,IWKHYLGHR'9'IXOILOOVWKHSOD\EDFN
FULWHULDWKHILOPVWDUWVDXWRPDWLFDOO\RUWKH
'9'PHQXDSSHDUV,IWKH'9'PHQX
DSSHDUV\RXPXVWVWDUWWKHILOPPDQXDOO\
6HOHFWWKHFRUUHVSRQGLQJPHQXLWHPLQWKH
'9'PHQX
9LGHRPHQX
C7\SHRIGDWDPHGLXP
D&XUUHQWWLWOH
9LGHR'9'PRGH 
5HDU6HDW(QWHUWDLQPHQW6\VWHP
6KRZVWKHPHQXEDUVIRUWKH'9'EDVLF
GLVSOD\
&XUUHQWVFHQH
7UDFNWLPH
7RVKRZSUHVVWKHcRUdEXWWRQ
RQWKHUHPRWHFRQWURO
7RKLGHSUHVVWKHcRUdEXWWRQ
RU
:DLWDERXWHLJKWVHFRQGV
2YHUYLHZRI'9'IXQFWLRQV
C$FWLYDWHV'9'FRQWUROPHQX
D+LGHV'9'IXQFWLRQV
6KRZVWKH'9'EDVLFGLVSOD\
&RQILUPVHQWU\LQFRQWUROPHQX
1DYLJDWHV'9'OLVWV
-XPSVWRWKHVWDUWRIWKHVFHQH
k'LVSOD\VFDPHUDSHUVSHFWLYHV
l6KRZVVXEWLWOHV
m6HOHFWVODQJXDJH
n6WRSIXQFWLRQ
o3DXVHIXQFWLRQ
7RVKRZSUHVVWKHEXWWRQRQWKH
UHPRWHFRQWURO
7RKLGHSUHVVWKH8EXWWRQRQWKH
UHPRWHFRQWURO
)DVWIRUZDUGLQJUHZLQGLQJ
3UHVVDQGKROGWKHHRUIEXWWRQRQ
WKHUHPRWHFRQWUROXQWLOWKHGHVLUHG
SRVLWLRQKDVEHHQUHDFKHG
<RXVHHWKHFRQWUROPHQX
3DXVHIXQFWLRQ
7RVKRZWKHPHQXSUHVVWKHEXWWRQ
RQWKHUHPRWHFRQWURO
7RSDXVHSOD\EDFNVHOHFWÏDQGSUHVV
WKHEXWWRQWRFRQILUP
7KHÏGLVSOD\FKDQJHVWRÐ
7RFRQWLQXHSOD\EDFNVHOHFWÐDQG
SUHVVWKHEXWWRQWRFRQILUP
7KHPHQXLVKLGGHQ
6WRSIXQFWLRQ
7RVKRZWKHPHQXSUHVVWKHEXWWRQ
RQWKHUHPRWHFRQWURO
7RLQWHUUXSWSOD\EDFNVHOHFWÛDQG
SUHVVWKHEXWWRQWRFRQILUP
7KHÏGLVSOD\FKDQJHVWRÐ7KH
YLGHRLPDJHLVKLGGHQ
7RFRQWLQXHSOD\EDFNVHOHFWÐDQG
SUHVVWKHEXWWRQWRFRQILUP
3OD\EDFNFRQWLQXHVIURPWKHSRLQWZKHUHLW
ZDVLQWHUUXSWHG7KHPHQXLVKLGGHQ
7RVWRSSOD\EDFNZKLOHSOD\EDFNLV
LQWHUUXSWHGVHOHFWÛDJDLQDQGSUHVV
WRFRQILUP
3OD\EDFNVWRSVDQGUHWXUQVWRWKH
EHJLQQLQJRIWKH'9'ÐLVKLJKOLJKWHG
7RUHVWDUWSOD\EDFNVHOHFWÐDQG
SUHVVWKHEXWWRQWRFRQILUP
3OD\EDFNVWDUWVIURPWKHEHJLQQLQJRIWKH
'9'
 9LGHR'9'PRGH
5HDU6HDW(QWHUWDLQPHQW6\VWHP
6HOHFWLQJDVFHQHFKDSWHU
*HQHUDOQRWHV
2EVHUYHWKHLQIRUPDWLRQRQ'9'YLGHRPRGH
SDJH
6NLSSLQJIRUZDUGVEDFNZDUGV
3UHVVYRUeRQWKHUHPRWHFRQWURO
7KHFRQWUROPHQXDSSHDUVIRU
DSSUR[LPDWHO\HLJKWVHFRQGV
6HOHFWLQJDVFHQHFKDSWHUGLUHFWO\
7KHVHH[DPSOHVLOOXVWUDWHKRZWRVHOHFW
VFHQHFKDSWHU
2SWLRQZKLOHWKHILOPLVSOD\LQJSUHVV
WKH~EXWWRQRQWKHUHPRWHFRQWURO
3UHVVWKHFRUUHVSRQGLQJQXPEHUNH\VXFK
DV
2SWLRQZKLOHWKHILOPLVSOD\LQJSUHVV
WKHEXWWRQRQWKHUHPRWHFRQWURODQG
VKRZWKHPHQX
6HOHFW0HQXDQGSUHVVWKHEXWWRQWR
FRQILUP
7KH'9'PHQXDSSHDUV
6HOHFW6FHQH6HOHFWLRQDQGSUHVVWKH
EXWWRQWRFRQILUP
8VLQJEXWWRQcRUdVHOHFWDQG
SUHVVWKHEXWWRQWRFRQILUP
,QERWKFDVHVSOD\EDFNZLOOEHJLQIURPWKH
ILIWKVFHQHFKDSWHUDIWHUDEULHISDXVH
6HOHFWLQJDILOPWLWOH
2SWLRQ
3UHVVWKHEXWWRQRQWKHUHPRWHFRQWURO
DQGVKRZWKHPHQX
6HOHFW0HQXXVLQJWKH
cdYeEXWWRQVRQWKH
UHPRWHFRQWURODQGSUHVVWKHEXWWRQWR
FRQILUP
7KH'9'PHQXDSSHDUV
6HOHFW7UDFN6HOHFWLRQXVLQJWKH
cdYeEXWWRQVRQWKH
UHPRWHFRQWURODQGSUHVVWKHEXWWRQWR
FRQILUP
7RFDOOXSWKHVHOHFWLRQOLVWSUHVVWKH
EXWWRQ
6HOHFWDILOPWLWOH
2SWLRQ
([DPSOHVHOHFWLQJILOP
3UHVVEXWWRQ
$IWHUDEULHISDXVHWKHVHFRQGILOPLV
SOD\HG
'9'PHQX
&DOOLQJXSWKH'9'PHQX
7KH'9'PHQXLVWKHPHQXVWRUHGRQWKH'9'
LWVHOI,WLVVWUXFWXUHGLQYDULRXVZD\V
DFFRUGLQJWRWKHLQGLYLGXDO'9'DQGSHUPLWV
FHUWDLQDFWLRQVDQGVHWWLQJV
,QWKHFDVHRIPXOWLODQJXDJH'9'VIRU
H[DPSOH\RXFDQFKDQJHWKH'9'ODQJXDJH
LQWKH'9'PHQX
3UHVVWKHEXWWRQRQWKHUHPRWHFRQWURO
DQGVKRZWKHPHQX
6HOHFW0HQXXVLQJWKH
cdYeEXWWRQVRQWKH
UHPRWHFRQWURODQGSUHVVWKHEXWWRQWR
FRQILUP
7KH'9'PHQXDSSHDUV
6HOHFWLQJPHQXLWHPVLQWKH'9'PHQX
6HOHFWDPHQXLWHPXVLQJWKH
cdYeEXWWRQVRQWKH
UHPRWHFRQWURODQGSUHVVWKHEXWWRQWR
FRQILUP
6HOHFW6HOHFWXVLQJWKH
cdYeEXWWRQVRQWKH
9LGHR'9'PRGH 
5HDU6HDW(QWHUWDLQPHQW6\VWHP
UHPRWHFRQWURODQGSUHVVWKHEXWWRQWR
FRQILUP
7KHV\VWHPH[HFXWHVWKHIXQFWLRQRUVKRZV
DVXEPHQX
,IDYDLODEOHDGGLWLRQDORSWLRQVFDQQRZEH
VHOHFWHG
7KHV\VWHPWKHQVZLWFKHVEDFNWRWKH'9'
PHQX
G0HQXLWHPVZKLFKFDQQRWEHVHOHFWHGDUH
VKRZQLQJUD\
G'HSHQGLQJRQWKH'9'FHUWDLQPHQX
LWHPVPD\QRWIXQFWLRQ)RUH[DPSOHWKH
PHQXLWHPV
=
%DFNWRPRYLH
=
3OD\
=
6WRS
=H
=I
=
*R8S
7RLQGLFDWHWKLVWKHGV\PEROWKHQ
DSSHDUVLQWKHGLVSOD\
6WRSSLQJDILOPRUVNLSSLQJWRWKH
EHJLQQLQJRUHQGRIDVFHQH
6HOHFWDQ\PHQXLWHPIURPWKH'9'PHQX
7KHPHQXDSSHDUV
6WRSSLQJWKHILOPVHOHFWWKH
6WRS
PHQX
LWHPDQGSUHVVWKHEXWWRQRQWKHUHPRWH
FRQWUROWRFRQILUP
7RVNLSWRWKHHQGRIDVFHQHVHOHFWWKH
IPHQXLWHPDQGSUHVVWRFRQILUP
7RVNLSWRWKHVWDUWRIDVFHQHVHOHFWWKH
HPHQXLWHPDQGSUHVVWRFRQILUP
0RYLQJXSRQHOHYHOLQWKH'9'PHQX
6KRZWKH'9'PHQX
3UHVVWKH8EDFNEXWWRQRQWKHUHPRWH
FRQWURORUVHOHFWWKHFRUUHVSRQGLQJPHQX
LWHPLQWKH'9'PHQX
%DFNWRWKHPRYLH
3UHVVWKH8EXWWRQUHSHDWHGO\XQWLO\RX
VHHWKHPRYLH
6HWWLQJWKHDXGLRIRUPDW
7KLVIXQFWLRQLVQRWDYDLODEOHRQDOO'9'V,ILW
LVDYDLODEOH\RXFDQVHWWKHDXGLRODQJXDJH
RUWKHDXGLRIRUPDW7KHQXPEHURIVHWWLQJV
LVGHWHUPLQHGE\WKH'9'FRQWHQW,WPD\DOVR
EHSRVVLEOHWRDFFHVVWKHVHWWLQJVIURPWKH
'9'PHQX
3UHVVWKHEXWWRQRQWKHUHPRWHFRQWURO
DQGVKRZWKHPHQX
6HOHFW
'9'9LGHR
XVLQJWKH
cdYeEXWWRQVRQWKH
UHPRWHFRQWURODQGSUHVVWKHEXWWRQWR
FRQILUP
6HOHFW
'9')XQFWLRQV
DQGSUHVVWKH
EXWWRQWRFRQILUP
6HOHFW
$XGLR/DQJXDJH
DQGSUHVVWKH
EXWWRQWRFRQILUP
$PHQXDSSHDUVDIWHUDVKRUWZKLOH
7KH6GRWLQIURQWRIDQHQWU\LQGLFDWHVWKH
FXUUHQWO\VHOHFWHGODQJXDJH
6HOHFWWKHODQJXDJHXVLQJWKHcd
EXWWRQVDQGSUHVVWKHEXWWRQWRFRQILUP
7RH[LWWKHPHQXSUHVVWKHY
RUeEXWWRQ
6XEWLWOHVDQGFDPHUDDQJOH
7KHVHIXQFWLRQVDUHQRWDYDLODEOHRQDOO'9'V
7KHQXPEHURIVXEWLWOHODQJXDJHVDQGFDPHUD
DQJOHVDYDLODEOHGHSHQGVRQWKHFRQWHQWRI
WKH'9',WPD\DOVREHSRVVLEOHWRDFFHVV
WKHVHWWLQJVIURPWKH'9'PHQX
3UHVVWKHEXWWRQRQWKHUHPRWHFRQWURO
DQGVKRZWKHPHQX
6HOHFW
'9'9LGHR
DQGSUHVVWKHEXWWRQ
RQWKHUHPRWHFRQWUROWRFRQILUP
6HOHFW
'9')XQFWLRQV
DQGSUHVVWKH
EXWWRQWRFRQILUP
 9LGHR'9'PRGH
5HDU6HDW(QWHUWDLQPHQW6\VWHP
6HOHFW6XEWLWOHVRU&DPHUD$QJOHDQG
SUHVVWKHEXWWRQWRFRQILUP
,QERWKFDVHVDPHQXDSSHDUVDIWHUDIHZ
VHFRQGV7KH6GRWLQIURQWRIDQHQWU\
LQGLFDWHVWKHFXUUHQWVHWWLQJ
6HOHFWWKHVHWWLQJXVLQJWKHcd
EXWWRQVDQGSUHVVWKHEXWWRQWRFRQILUP
7RH[LWWKHPHQXSUHVVWKHY
RUeEXWWRQ
,QWHUDFWLYHFRQWHQW
'9'VFDQDOVRFRQWDLQLQWHUDFWLYHFRQWHQW
HJDYLGHRJDPH,QDYLGHRJDPH\RXPD\
EHDEOHWRLQIOXHQFHHYHQWVE\VHOHFWLQJDQG
WULJJHULQJDFWLRQV7KHW\SHDQGQXPEHURI
DFWLRQVGHSHQGRQWKH'9'
6HOHFWDQDFWLRQXVLQJWKH
cedYEXWWRQVRQWKH
UHPRWHFRQWURODQGSUHVVWKHEXWWRQWR
H[HFXWHLW
$PHQXDSSHDUVDQGWKHILUVWHQWU\
6HOHFWLVKLJKOLJKWHG
3UHVVWKHEXWWRQ
$8;PRGH
*HQHUDOLQIRUPDWLRQ
<RXFDQFRQQHFWDQH[WHUQDOYLGHRVRXUFHLQ
WKHUHDUFRPSDUWPHQW
'HSHQGLQJRQWKHYHKLFOHPRGHODQG
HTXLSPHQWOHYHOWKH$8;MDFNVDUHIRXQG
=LQWKHVWRZDJHER[EHWZHHQWKHUHDUVHDWV
RU
=LQWKHUHDUFRPSDUWPHQWDUPUHVW
SDJH
3OHDVHVHHWKHFRUUHVSRQGLQJRSHUDWLQJ
LQVWUXFWLRQVIRULQIRUPDWLRQRQKRZWR
RSHUDWHWKHH[WHUQDOYLGHRVRXUFH
)RUIXUWKHUGHWDLOVDERXWH[WHUQDOYLGHR
VRXUFHVSOHDVHFRQVXOWDQDXWKRUL]HG
0HUFHGHV%HQ]&HQWHU
&RQQHFWLQJ$8;HTXLSPHQW
$XGLRDQGYLGHRFRQQHFWLRQ
,QVHUWWKHDXGLRSOXJVIRUWKHOHIWDQGULJKW
VLJQDOVLQWRWKHFRUUHVSRQGLQJ/DQG5
MDFNV
,QVHUWWKHYLGHRSOXJLQWRWKH9MDFN
$FWLYDWLQJ$8;PRGH
$8;GULYH
6HOHFW$X[XVLQJWKHcYe
EXWWRQVRQWKHUHPRWHFRQWURODQGSUHVV
WKHEXWWRQWRFRQILUP
7KH$8;VRXUFHLVVZLWFKHGRQRQFHWKH
$8;GHYLFHLVDFWLYH
$8;PRGH 
5HDU6HDW(QWHUWDLQPHQW6\VWHP

<RXU&20$1'HTXLSPHQW 
,QWURGXFWLRQ 
6ZLWFKLQJWKH6,5,86:HDWKHUGLV
SOD\RQRII 
'LVSOD\LQJGHWDLOHGLQIRUPDWLRQ 
6HOHFWLQJWKHDUHDIRUWKHZHDWKHU
IRUHFDVW 
0HPRU\IXQFWLRQV 
:HDWKHUPDS 

6,5,86:HDWKHU
<RXU&20$1'HTXLSPHQW
7KHVHRSHUDWLQJLQVWUXFWLRQVGHVFULEHDOOWKH
VWDQGDUGDQGRSWLRQDOHTXLSPHQWIRU\RXU
&20$1'V\VWHPDVDYDLODEOHDWWKHWLPHRI
JRLQJWRSULQW&RXQWU\VSHFLILFGLIIHUHQFHV
DUHSRVVLEOH3OHDVHQRWHWKDW\RXU&20$1'
V\VWHPPD\QRWEHHTXLSSHGZLWKDOOWKH
IHDWXUHVGHVFULEHG
,QWURGXFWLRQ
6ZLWFKLQJWKH6,5,86:HDWKHUGLVSOD\
RQRII
'LVSOD\LQJGHWDLOHGLQIRUPDWLRQ
6HOHFWLQJWKHDUHDIRUWKHZHDWKHU
IRUHFDVW
0HPRU\IXQFWLRQV
:HDWKHUPDS
 :HDWKHUPDS
6,5,86:HDWKHU
3XEOLFDWLRQGHWDLOV
,QWHUQHW
)XUWKHULQIRUPDWLRQDERXW0HUFHGHV%HQ]
YHKLFOHVDQGDERXW'DLPOHU$*FDQEHIRXQG
RQWKHIROORZLQJZHEVLWHV
KWWSZZZPHUFHGHVEHQ]FRP
KWWSZZZPHUFHGHVEHQ]FRPFQ
KWWSZZZGDLPOHUFRP
KWWSZZZPEXVDFRP86$RQO\
KWWSZZZPHUFHGHVEHQ]FD&DQDGD
RQO\
KWWSZZZPHUFHGHVEHQ]FRMS
(GLWRULDORIILFH
<RXDUHZHOFRPHWRIRUZDUGDQ\TXHULHVRU
VXJJHVWLRQV\RXPD\KDYHUHJDUGLQJWKLV
2SHUDWRUV0DQXDOWRWKHWHFKQLFDO
GRFXPHQWDWLRQWHDPDWWKHIROORZLQJ
DGGUHVV
'DLPOHU$*+3&&$&&XVWRPHU6HUYLFH
6WXWWJDUW*HUPDQ\
'DLPOHU$*1RWWREHUHSULQWHGWUDQVODWHG
RURWKHUZLVHUHSURGXFHGLQZKROHRULQSDUW
ZLWKRXWZULWWHQSHUPLVVLRQIURP'DLPOHU$*
$VDW
2UGHUQR;;;;;;;; 3DUWQRLQ%$ (GLWLRQ&
qRW+*Lst
LQ%$

Navigation menu