Comtrend 820C VoIP Gateway User Manual UM CT 820C A2 1

Comtrend Corporation VoIP Gateway UM CT 820C A2 1

User manual

&7& 
9R,3*DWHZD\
8VHUV0DQXDO
9HUVLRQ$$XJXVW


3UHIDFH
7KLVPDQXDOSURYLGHVLQIRUPDWLRQWRQHWZRUNDGPLQLVWUDWRUV,WFRYHUVWKH
LQVWDOODWLRQRSHUDWLRQDQGDSSOLFDWLRQRIWKLVGHYLFH7KHLQGLYLGXDOUHDGLQJWKLV
PDQXDOLVSUHVXPHGWRKDYHDEDVLFXQGHUVWDQGLQJRIWHOHFRPPXQLFDWLRQV
7HFKQLFDOVXSSRUW
,I\RXILQGWKHSURGXFWWREHLQRSHUDEOHRUPDOIXQFWLRQLQJSOHDVHFRQWDFW
WHFKQLFDOVXSSRUWIRULPPHGLDWHVHUYLFHE\HPDLODW,17VXSSRUW#FRPWUHQGFRP
)RUSURGXFWXSGDWHQHZSURGXFWUHOHDVHPDQXDOUHYLVLRQRUVRIWZDUHXSJUDGHV
YLVLW&RPWUHQG&RUSRUDWLRQDWKWWSZZZFRPWUHQGFRP
:DUQLQJ
x%HIRUHVHUYLFLQJGLVFRQQHFWSRZHUDQGWHOHSKRQHOLQHVIURPWKHGHYLFH
x8VHDQDSSURSULDWHSRZHUVXSSO\DQGD8//LVWHGWHOHSKRQHOLQHFRUG
3RZHUVSHFLILFDWLRQVDUHFOHDUO\VWDWHGLQ$SSHQGL[&6SHFLILFDWLRQV
)&&,QWHUIHUHQFH6WDWHPHQW
7KLVHTXLSPHQWKDVEHHQWHVWHGDQGIRXQGWRFRPSO\ZLWKWKHOLPLWVIRUD&ODVV%
'LJLWDO'HYLFHSXUVXDQWWRSDUWRIWKH)&&5XOHV7KHVHOLPLWVDUHGHVLJQHGWR
SURYLGHUHDVRQDEOHSURWHFWLRQDJDLQVWKDUPIXOLQWHUIHUHQFHLQDUHVLGHQWLDO
LQVWDOODWLRQ7KLVHTXLSPHQWJHQHUDWHVXVHVDQGFDQUDGLDWHUDGLRIUHTXHQF\
HQHUJ\DQGLIQRWLQVWDOOHGDQGXVHGLQDFFRUGDQFHZLWKWKHLQVWUXFWLRQPD\
FDXVHKDUPIXOLQWHUIHUHQFHWRUDGLRFRPPXQLFDWLRQ+RZHYHUWKHUHLVQRJUDQWHH
WKDWLQWHUIHUHQFHZLOOQRWRFFXULQDSDUWLFXODULQVWDOODWLRQ,IWKLVHTXLSPHQWGRVH
FDXVHKDUPIXOLQWHUIHUHQFHWRUDGLRRUWHOHYLVLRQUHFHSWLRQZKLFKFDQEH
GHWHUPLQHGE\WXUQLQJWKHHTXLSPHQWRIIDQGRQWKHXVHULVHQFRXUDJHGWRWU\WR
FRUUHFWWKHLQWHUIHUHQFHE\RQHRUPRUHRIWKHIROORZLQJPHDVXUHV
z5HRULHQWRUUHORFDWHWKHUHFHLYLQJDQWHQQD
z,QFUHDVHWKHVHSDUDWLRQEHWZHHQWKHHTXLSPHQWDQGUHFHLYHU
z&RQQHFWWKHHTXLSPHQWLQWRDQRXWOHWRQDFLUFXLWGLIIHUHQWIURPWKDWWRZKLFK

WKHUHFHLYHULVFRQQHFWHG
z&RQVXOWWKHGHDOHURUDQH[SHULHQFHGUDGLR79WHFKQLFLDQIRUKHOS
)&&&DXWLRQ7KHFKDQJHVRUPRGLILFDWLRQVQRWH[SUHVVO\
DSSURYHGE\WKHSDUW\UHVSRQVLEOHIRUFRPSOLDQFH
FRXOGYRLGWKHXVHUVDXWKRULW\WRRSHUDWHWKH
HTXLSPHQW
7KLVGHYLFHFRPSOLHVZLWK3DUWRIWKH)&&5XOHV2SHUDWLRQLVVXEMHFWWRWKH
IROORZLQJWZRFRQGLWLRQV
7KLVGHYLFHPD\QRWFDXVHKDUPIXOLQWHUIHUHQFH
7KLVGHYLFHPXVWDFFHSWDQ\LQWHUIHUHQFHUHFHLYHGLQFOXGLQJLQWHUIHUHQFHWKDW
PD\FDXVHXQGHVLUHGRSHUDWLRQ
)&&5DGLDWLRQ([SRVXUH6WDWHPHQW
7RFRPSO\ZLWKWKH)&&5)H[SRVXUHFRPSOLDQFHUHTXLUHPHQWVWKLVGHYLFHDQGLWV
DQWHQQDPXVWQRWEHFRORFDWHGRURSHUDWLQJWRFRQMXQFWLRQZLWKDQ\RWKHU
DQWHQQDRUWUDQVPLWWHU
7KLVHTXLSPHQWVKRXOGEHLQVWDOOHGDQGRSHUDWHGZLWKPLQLPXPGLVWDQFH
FPEHWZHHQWKHUDGLDWRU\RXUERG\
&RS\ULJKW
&RS\ULJKW&RPWUHQG&RUSRUDWLRQ$OOULJKWVUHVHUYHG7KHLQIRUPDWLRQ
FRQWDLQHGKHUHLQLVSURSULHWDU\WR&RPWUHQG&RUSRUDWLRQ1RSDUWRIWKLV
GRFXPHQWPD\EHWUDQVODWHGWUDQVFULEHGUHSURGXFHGLQDQ\IRUPRUE\DQ\
PHDQVZLWKRXWSULRUZULWWHQSHUPLVVLRQE\&RPWUHQG&RUSRUDWLRQ
7KLVGRFXPHQWLVVXEMHFWWRFKDQJHZLWKRXWQRWLFH

7DEOHRI&RQWHQWV
&+$37(5
,1752'8&7,21 

)
($785(6
 

$
33/,&$7,21


/('
,
1',&$7256

&+$37(5
+$5':$5(6(783
&+$37(5
:(%86(5,17(5)$&( 

'
()$8/7
6
(77,1*6
 
7&3,3
6
(77,1*6
 
/
2*,1
3
52&('85(
 
&+$37(5
'(9,&(,1)250$7,21 

:$1  

6
7$7 , 67,&6
 

/$16WDWLVWLFV 

:$16WDWLVWLFV 

5
287(
 

$53 

'+&3 
&+$37(5
$'9$1&('6(783 

:$1 
/$1 
1$7

9LUWXDO6HUYHUV  

3RUW7ULJJHULQJ 

'0=+RVW  
6
(&85,7<


,3)LOWHULQJ 

3DUHQWDO&RQWURO 
4
8$/,7<2)
6
(59,&(

5
287,1*


'HIDXOW*DWHZD\

6WDWLF5RXWH 
&+$37(5
:,5(/(66
%
$6,&

6
(&85,7<

0$&
)
,/7(5

:
,5(/(66
%
5,'*(

$
'9$1&('

6
7$7 , 2 1
,
1)2

&+$37(5
92,&( 
6,3 
'
,$/
3
/$1
 
7
(/(3+21(
&
$//6

&+$37(5
',$*1267,&6
&+$37(5
0$1$*(0(17 
6
(77,1*6

%DFNXS6HWWLQJV

8SGDWH6HWWLQJV

5HVWRUH'HIDXOW 
6
<67(0
/
2*

6103
$
*(17

,
17(51(7
7
,0(
 
$
&&(66
&
21752/
 

6HUYLFHV


,3$GGUHVVHV 

3DVVZRUGV
8
3'$7(
6
2)7:$5(
 
6
$9 ( $1'
5
(%227
 
$33(1',;$),5(:$// 
$33(1',;%3,1$66,*10(176
$33(1',;&63(&,),&$7,216
$33(1',;'66+&/,(17 

&KDSWHU,QWURGXFWLRQ
7KH&7&LVDSRZHUIXO:/$19R,3*DWHZD\SURYLGLQJSUHGLFWDEOHUHDOWLPH
WROOTXDOLW\YRLFHRYHUWKH,QWHUQHW7KH&7&LVGHVLJQHGIRUUHVLGHQWLDODQG
EXVLQHVVXVHUVZLWKEURDGEDQG'6/RUFDEOHDFFHVVZKRQHHGWRLQWHJUDWH:L)L
$3DQG9R,3WHFKQRORJLHV7KH&7&RIIHUVXVHUVHDV\DFFHVVWRWKH,QWHUQHW
YLD:/$1RU(WKHUQHWDQGSURYLGHV9R,3YLDVWDQGDUGDQDORJSKRQHV
)HDWXUHV
x9R,3DQGURXWHULQWHJUDWHG
xJEDFFHVVSRLQW
x931SDVVWKURXJK
x4R6IRUYRLFH
x'16659
x'LDOSODQ
x&DOOKROG
x&DOOZDLWLQJ
x&DOOWUDQVIHU
x&DOOIRUZDUGLQJ
xZD\FRQIHUHQFH
x'LUHFWQXPEHUGLDOLQJ
x6XSSRUWVHPHUJHQF\FDOO
x'D\WLPHSDUHQWDOFRQWURO
x7ID[UHOD\DQGSDVVWKURXJK
x&DOOHU,'SUHVHQWDWLRQDQGUHVWULFWLRQ
x6XSSRUWVOLIHOLQH3671DOLYHZKHQSRZHURII
x5HPRWHDGPLQLVWUDWLRQDXWRPDWLFILUPZDUHXSJUDGHDQGFRQILJXUDWLRQ
2SWLRQDO
R&HQWUDOL]HGFRQILJXUDWLRQDQGILUPZDUHXSJUDGH
YLD$36$XWRPDWLF3URYLVLRQ6HUYHU

$SSOLFDWLRQ
7KHIROORZLQJGLDJUDPGHSLFWVWKHDSSOLFDWLRQRIWKH&7&

/(',QGLFDWRUV
7KHIURQWSDQHO/('LQGLFDWRUVDUHVKRZQLQWKLVLOOXVWUDWLRQDQGIROORZHGE\
GHWDLOHGH[SODQDWLRQVLQWKHWDEOHEHORZ

/('&RORU0RGH)XQFWLRQ
*UHHQ 2Q 7KHGHYLFHLVSRZHUHGXS
32:(52II 7KHGHYLFHLVSRZHUHGGRZQ
*UHHQ 2Q $Q(WKHUQHW/LQNLVHVWDEOLVKHG
2II$Q(WKHUQHW/LQNLVQRWHVWDEOLVKHG
/$1
[a[
*UHHQ %OLQN 'DWDWUDQVPLWWLQJRUUHFHLYLQJRYHU/$1
*UHHQ 2Q 7KH);6SKRQHLVRIIKRRN
3+21(
2II 7KH);6SKRQHLVRQKRRN
*UHHQ 2Q 7KH);6SKRQHLVRIIKRRN
3+21(
2II7KH);6SKRQHLVRQKRRN
*UHHQ 2Q 7KHZLUHOHVVPRGXOHLVUHDG\DQGLGOH
2II 7KHZLUHOHVVPRGXOHLVGLVDEOHG
:/$1
*UHHQ %OLQN 'DWDWUDQVPLWWLQJRUUHFHLYLQJRYHU:/$1
*UHHQ 2Q $Q);2OLQHLVRIIKRRN
/,1(
2II $Q);2OLQHLVRQKRRN
*UHHQ 2Q $Q(WKHUQHW/LQNLVHVWDEOLVKHG
:$1
2II$Q(WKHUQHW/LQNLVQRWHVWDEOLVKHG
,17(51(75HG 2Q
'HYLFHDWWHPSWHGWREHFRPH,3FRQQHFWHGDQGIDLOHG
QR'+&3UHVSRQVHQR333R(UHVSRQVH333R(
DXWKHQWLFDWLRQIDLOHGQR,3DGGUHVVIURP,3&3HWF
ုᇞ
ုᇞုᇞ
ုᇞ>5'3@
69WHVWHGWKLVGHYLFHDQG
IRXQGWKDWWKHOLJKWGLGQRW
ZRUNDVH[SHFWHG,WGRHV
QRWWXUQRQZKHQFRQQHFWHG
RUEOLQNZKHQWUDIILFLV
SDVVLQJWKURXJKWKH333R(
FRQQHFWLRQ

&KDSWHU+DUGZDUH6HWXS
)ROORZWKHLQVWUXFWLRQVEHORZWRFRPSOHWHWKHKDUGZDUHVHWXS
7KHGLDJUDPEHORZVKRZVWKHEDFNSDQHORIWKHGHYLFH
&RQQHFWLRQWR3RZHU
&RQQHFWWKH3RZHUMDFNWRWKHSRZHUFRUG$WWDFKWKHSRZHUDGDSWHUWRWKHZDOO
RXWOHWRURWKHU$&VRXUFH$WVWDUWXSWKHGHYLFHZLOOSHUIRUPDVHOIWHVW:DLWIRU
DIHZVHFRQGVXQWLOWKHWHVWLVILQLVKHGWKHQWKHGHYLFHZLOOEHUHDG\WRRSHUDWH
&DXWLRQ ,IWKHGHYLFHIDLOVWRSRZHUXSRULWPDOIXQFWLRQVILUVWYHULI\WKDW
 WKHSRZHUVXSSO\LVFRQQHFWHGFRUUHFWO\7KHQSRZHULWRQDJDLQ
,IWKHSUREOHPSHUVLVWVFRQWDFWRXUWHFKQLFDOVXSSRUWHQJLQHHUV
&DXWLRQ %HIRUHVHUYLFLQJRUGLVDVVHPEOLQJWKLVHTXLSPHQWDOZD\V
GLVFRQQHFWDOOSRZHUFRUGVDQGWHOHSKRQHOLQHVIURPWKHLURXWOHWV
&RQQHFWLRQWR3KRQH3KRQH
&RQQHFWDWHOHSKRQHWRHLWKHU5-SRUWIRU9R,3VHUYLFH
5HVHW%XWWRQ
5HVWRUHWKHGHIDXOWSDUDPHWHUVRIWKHGHYLFHE\KROGLQJGRZQWKH5HVHWEXWWRQ
XQWLOWKHIURQWSDQHO/('LQGLFDWRUVVWDUWEOLQNLQJVLPXOWDQHRXVO\aVHFRQGV
,IKHOGGRZQIRUPRUHWKDQVHFRQGVWKHGHYLFHZLOOJRLQWRDILUPZDUHXSGDWH
VWDWH&)(ERRWPRGH7KHXVHUFDQWKHQXSGDWHWKHGHYLFHIURPDQ\ZHE
EURZVHUXVLQJWKHGHIDXOW,3DGGUHVVKWWSZLWKRXWORJLQ
&RQQHFWLRQWR/$1:$1SRUWV
8VHD5-FDEOHWRFRQQHFWWRDQHWZRUNKXERU3&<RXFDQFRQQHFWWKHGHYLFH
WRXSWRIRXU/$1GHYLFHVDQGRQH:$1GHYLFH7KHSRUWVDUHDXWRVHQVLQJ
0',;DQGHLWKHUVWUDLJKWWKURXJKFDEOHRUFURVVRYHUFDEOHFDQEHXVHG
&RQQHFWLRQWR/,1(SRUW
,I\RXZLVKWRFRQQHFWERWKWKHURXWHUDQGDWHOHSKRQHFRQQHFWWKH/,1(SRUWWR
D3276VSOLWWHUZLWKD5-FRQQHFWLRQFDEOH
&RQQHFWLRQWR:/$1
$WWDFKWKH:L)LDQWHQQDWRHQDEOHWKLVIHDWXUH
:L)LDQWHQQD

&KDSWHU:HE8VHU,QWHUIDFH
7KLVVHFWLRQGHVFULEHVKRZWRDFFHVVWKHGHYLFHYLDWKHZHEXVHULQWHUIDFHXVLQJ
DQ,QWHUQHWEURZVHUVXFKDV0LFURVRIW,QWHUQHW([SORUHUYHUVLRQDQGODWHU
'HIDXOW6HWWLQJV
7KHIROORZLQJDUHWKHGHIDXOWVHWWLQJVIRUWKHGHYLFH
x/RFDO/$1DFFHVV8VHUQDPHURRW3DVVZRUG
x5HPRWH:$1DFFHVV8VHUQDPHVXSSRUW3DVVZRUGVXSSRUW
x/$1SRUW,3DGGUHVV
x5HPRWH:$1DFFHVVGLVDEOHG
x1$7DQGILUHZDOOHQDEOHG
x'+&3VHUYHURQ/$1LQWHUIDFHHQDEOHG
x:$1,3DGGUHVVQRQH
7HFKQLFDO1RWH
'XULQJSRZHURQWKHGHYLFHLQLWLDOL]HVDOOVHWWLQJVWRGHIDXOWYDOXHV,WZLOOWKHQ
UHDGWKHFRQILJXUDWLRQSURILOHIURPWKHSHUPDQHQWVWRUDJHVHFWLRQRIIODVK
PHPRU\7KHGHIDXOWDWWULEXWHVDUHRYHUZULWWHQZKHQLGHQWLFDODWWULEXWHVZLWK
GLIIHUHQWYDOXHVDUHFRQILJXUHG7KHFRQILJXUDWLRQSURILOHLQSHUPDQHQWVWRUDJH
FDQEHFUHDWHGYLDWKHZHEXVHULQWHUIDFHRUWHOQHWXVHULQWHUIDFHRURWKHU
PDQDJHPHQWSURWRFROV7KHIDFWRU\GHIDXOWFRQILJXUDWLRQFDQEHUHVWRUHGHLWKHU
E\SXVKLQJWKHUHVHWEXWWRQIRUPRUHWKDQILYHVHFRQGVXQWLOWKHSRZHULQGLFDWHV
/('EOLQNLQJRUE\FOLFNLQJWKH5HVWRUH'HIDXOW&RQILJXUDWLRQRSWLRQLQWKH5HVWRUH
6HWWLQJVVFUHHQ

7&3,36HWWLQJV
'+&30RGH
:KHQWKHGHYLFHSRZHUVXSWKH'+&3VHUYHURQWKHGHYLFHZLOOVWDUW
DXWRPDWLFDOO\7RVHW\RXU3&IRU'+&3PRGHFKHFNWKH,QWHUQHW3URWRFRO
SURSHUWLHVRI\RXU/RFDO$UHD&RQQHFWLRQ<RXFDQVHW\RXU3&WR'+&3PRGHE\
VHOHFWLQJ2EWDLQDQ,3DGGUHVVDXWRPDWLFDOO\LQWKHGLDORJER[VKRZQEHORZ
67$7,&,30RGH
7RFRQILJXUHWKHGHYLFHPDQXDOO\\RXU3&PXVWKDYHDVWDWLF,3DGGUHVVZLWKLQ
WKH[VXEQHW)ROORZWKHVWHSVEHORZWRFRQILJXUH\RXU3&,3DGGUHVV
WRXVHVXEQHW[7KHIROORZLQJDVVXPHV\RXDUHUXQQLQJ:LQGRZV;3
67(3)URPWKH1HWZRUN&RQQHFWLRQVZLQGRZRSHQWKH/RFDO$UHD&RQQHFWLRQ
<RXPD\DOVRDFFHVVWKLVVFUHHQE\GRXEOHFOLFNLQJWKH/RFDO$UHD
&RQQHFWLRQLFRQRQ\RXUWDVNEDU&OLFNWKH3URSHUWLHVEXWWRQ

67(36HOHFW,QWHUQHW3URWRFRO7&3,3DQGFOLFNWKH3URSHUWLHV
EXWWRQ7KHVFUHHQVKRXOGQRZGLVSOD\DVEHORZ&KDQJHWKH,3
DGGUHVVWRWKHGRPDLQRI[LHVXEQHW
PDVN 
67(3 &OLFN2.WRVXEPLWWKHVHWWLQJV
/RJLQ3URFHGXUH
3HUIRUPWKHIROORZLQJVWHSVWRORJLQWRWKHZHEXVHULQWHUIDFH
127(7KHGHIDXOWVHWWLQJVIRUWKLVGHYLFHFDQEHIRXQGLQ'HIDXOW
6HWWLQJV

67(3 6WDUWWKH,QWHUQHWEURZVHUDQGHQWHUWKHGHIDXOW,3DGGUHVVIRUWKH
GHYLFHLQWKH:HEDGGUHVVILHOG)RUH[DPSOHLIWKH,3DGGUHVVLV
W\SHKWWS
127()RUORFDODGPLQLVWUDWLRQLH/$1DFFHVVWKH3&UXQQLQJWKHEURZVHU
PXVWEHDWWDFKHGWRWKH(WKHUQHWDQGQRWQHFHVVDULO\WRWKHGHYLFH
)RUUHPRWHDFFHVVLH:$1XVHWKHUHPRWHXVHUQDPHDQG
SDVVZRUG


67(3 $GLDORJER[ZLOODSSHDUVXFKDVWKHRQHEHORZ(QWHUWKHGHIDXOW
XVHUQDPHDQGSDVVZRUGDVGHILQHGLQVHFWLRQ'HIDXOW6HWWLQJV
&OLFN2.WRFRQWLQXH
127( 7KHORJLQSDVVZRUGFDQEHFKDQJHGODWHUVHH 3DVVZRUGV
67(3 $IWHUVXFFHVVIXOO\ORJJLQJLQ\RXZLOOUHDFKWKLVVFUHHQ


&KDSWHU'HYLFH,QIRUPDWLRQ
7KHZHEXVHULQWHUIDFHLVGLYLGHGLQWRWZRZLQGRZSDQHVWKHPDLQPHQXDWOHIW
DQGWKHGLVSOD\VFUHHQRQWKHULJKW7KHPDLQPHQXKDVWKHIROORZLQJRSWLRQV
'HYLFH,QIR$GYDQFHG6HWXS:LUHOHVV9RLFH'LDJQRVWLFV0DQDJHPHQW
6HOHFWLQJRQHRIWKHVHRSWLRQVZLOORSHQDVXEPHQXZLWKPRUHRSWLRQV
127( 7KHPHQXRSWLRQVDYDLODEOHZLWKLQWKHZHEXVHULQWHUIDFHDUHEDVHG
XSRQWKHGHYLFHFRQILJXUDWLRQDQGXVHUSULYLOHJHVLHORFDORUUHPRWH
)RUH[DPSOHLQWKH$GYDQFHG6HWXSPHQXLI1$7DQG)LUHZDOODUH
HQDEOHGWKHPDLQPHQXZLOOGLVSOD\WKH1$7DQG6HFXULW\VXEPHQXV
,IHLWKHULVGLVDEOHGWKHLUFRUUHVSRQGLQJPHQXZLOODOVREHGLVDEOHG
'HYLFH,QIRLVWKHILUVWVHOHFWLRQRQWKHPDLQPHQXVRLWZLOOEHGLVFXVVHGILUVW
6XEVHTXHQWFKDSWHUVZLOOLQWURGXFHWKHRWKHUPDLQPHQXRSWLRQVLQVHTXHQFH
7KH'HYLFH,QIRVXEPHQXRXWOLQHGLQUHGLQWKHVFUHHQVKRWEHORZKDVWKH
IROORZLQJVHOHFWLRQV6XPPDU\:$16WDWLVWLFV5RXWH$53DQG'+&3
7KH'HYLFH,QIR6XPPDU\VFUHHQVKRZQDERYHLVWKHGHIDXOWVWDUWXSVFUHHQ
,WSURYLGHVVXPPDU\LQIRUPDWLRQUHJDUGLQJWKHGHYLFHILUPZDUHYHUVLRQ7&3,3
VHWWLQJVDQGWKHVWDWXVRIWKHWZR92,3FRQQHFWLRQV

:$1
6HOHFW:$1IURPWKH'HYLFH,QIRVXEPHQXWRGLVSOD\WKHFRQILJXUHG39&V
7KHGLVSOD\VFUHHQWDEOHKHDGLQJVDERYHDUHGHVFULEHGLQWKHWDEOHEHORZ
&RQ,' 6KRZVWKHFRQQHFWLRQ,'
&DWHJRU\ 6KRZVWKH$70VHUYLFHFODVVHV
6HUYLFH 6KRZVWKHQDPHIRU:$1FRQQHFWLRQ
,QWHUIDFH 6KRZVFRQQHFWLRQLQWHUIDFHV
3URWRFRO 6KRZVWKHFRQQHFWLRQW\SHVXFKDV333R(333R$HWF
,JPS 6KRZVWKHVWDWXVRIWKH,*033UR[\IXQFWLRQ
6WDWH 6KRZVWKHFRQQHFWLRQVWDWHRIWKH:$1FRQQHFWLRQ
6WDWXV /LVWVWKH:$1RU39&VWDWXVH[8S'RZQRU$XWKHQWLFDWLRQ)DLOXUH
,3$GGUHVV 6KRZV,3DGGUHVVIRU:$1LQWHUIDFH

6WDWLVWLFV
7KH6WDWLVWLFVVFUHHQVVKRZGHWDLOHGLQIRUPDWLRQIRU/$1RU:$1,QWHUIDFHV
127( 7KHVHVWDWLVWLFVDUHXSGDWHGHYHU\VHFRQGV
 /$16WDWLVWLFV
7KLVVFUHHQVKRZVVWDWLVWLFVIRU(WKHUQHWDQG:LUHOHVVLQWHUIDFHVRQWKH/$1
,QWHUIDFH 6KRZVFRQQHFWLRQLQWHUIDFHVLQWKHIROORZLQJ
IRUPDWQDVB93,QXPEHUB9&,QXPEHU
7KHVHLQWHUIDFHVDUHGHYLVHGE\WKHV\VWHP
DQGQRWWKHXVHU
5HFHLYHG7UDQVPLWWHG%\WHV
 3NWV
 (UUV

 'URSV
5[7;UHFHLYHWUDQVPLWSDFNHWLQ%\WH
5[7;UHFHLYHWUDQVPLWSDFNHWV
5[7;UHFHLYHWUDQVPLWWKHSDFNHWVZKLFK
DUHHUURUV
5[7;UHFHLYHWUDQVPLWWKHSDFNHWVZKLFK
DUHGURSSHG

 :$16WDWLVWLFV
7KLVVFUHHQVKRZVVWDWLVWLFVIRULQWHUIDFHVRQWKH:$1
6HUYLFH 6KRZVWKHVHUYLFHW\SHDVFRQILJXUHGE\WKH
DGPLQLVWUDWRU
3URWRFRO 6KRZVWKHFRQQHFWLRQW\SHVXFKDV333R(
333R$HWF
,QWHUIDFH 6KRZVFRQQHFWLRQLQWHUIDFHVLQWKHIROORZLQJ
IRUPDWQDVB93,QXPEHUB9&,QXPEHU
7KHVHLQWHUIDFHVDUHGHYLVHGE\WKHV\VWHP
DQGQRWWKHXVHU
5HFHLYHG7UDQVPLWWHG%\WHV
 3NWV
 (UUV

 'URSV
5[7;UHFHLYHWUDQVPLWSDFNHWLQ%\WH
5[7;UHFHLYHWUDQVPLWSDFNHWV
5[7;UHFHLYHWUDQVPLWWKHSDFNHWVZKLFK
DUHHUURUV
5[7;UHFHLYHWUDQVPLWWKHSDFNHWVZKLFK
DUHGURSSHG


5RXWH
&KRRVH5RXWHWRGLVSOD\WKHURXWHVWKDWWKHURXWHLQIRUPDWLRQKDVOHDUQHG
)LHOG'HVFULSWLRQ
'HVWLQDWLRQ 'HVWLQDWLRQQHWZRUNRUGHVWLQDWLRQKRVW
*DWHZD\ 1H[WKXE,3DGGUHVV
6XEQHW0DVN 6XEQHW0DVNRI'HVWLQDWLRQ
)ODJ 8URXWHLVXS
UHMHFWURXWH
*XVHJDWHZD\
+WDUJHWLVDKRVW
5UHLQVWDWHURXWHIRUG\QDPLFURXWLQJ
'G\QDPLFDOO\LQVWDOOHGE\GDHPRQRUUHGLUHFW
0PRGLILHGIURPURXWLQJGDHPRQRUUHGLUHFW
0HWULF7KHGLVWDQFHWRWKHWDUJHWXVXDOO\FRXQWHGLQKRSV,WLVQRWXVHG
E\UHFHQWNHUQHOVEXWPD\EHQHHGHGE\URXWLQJGDHPRQV
6HUYLFH 6KRZVWKHQDPHIRU:$1FRQQHFWLRQ
,QWHUIDFH 6KRZVFRQQHFWLRQLQWHUIDFHV

$53
&OLFN$53WRGLVSOD\WKH$53LQIRUPDWLRQ

'+&3
&OLFN'+&3WRGLVSOD\WKH'+&3/HDVHVLQIRUPDWLRQ

&KDSWHU$GYDQFHG6HWXS
7KLVFKDSWHUH[SODLQVWKHVHWXSVFUHHQVIRUWKHIROORZLQJVHUYLFHV
x:$1±:LGH$UHD1HWZRUN
x/$1±/RFDO$UHD1HWZRUN
x1$7±1HWZRUN$GGUHVV7UDQVODWLRQ
x6(&85,7<
x48$/,7<2)6(59,&(
x5287,1*
:$1
)ROORZWKHVWHSVRQWKHIROORZLQJSDJHVWRFRQILJXUH:$1LQWHUIDFHV7KHVFUHHQ
EHORZVKRZVDOOFRQILJXUHG:$1FRQQHFWLRQV7KHWDEOHEHORZJLYHVPRUHGHWDLOV
67(3&OLFNWKH(GLWEXWWRQQH[WWRWKH:$1FRQQHFWLRQ\RXZLVKWRFRQILJXUH
&RQ,' ,'IRU:$1FRQQHFWLRQ
&DWHJRU\ $70VHUYLFHFDWHJRU\HJ8%5&%5«
6HUYLFH 1DPHRIWKH:$1FRQQHFWLRQ
,QWHUIDFH 1DPHRIWKHLQWHUIDFHIRU:$1
3URWRFRO 6KRZV,3R:RU333R(PRGHV
,JPS 6KRZVHQDEOHRUGLVDEOH,*03SUR[\
6WDWH 6KRZVHQDEOHRUGLVDEOH:$1FRQQHFWLRQ

67(37KH:$1&RQILJXUDWLRQVFUHHQZLOOGLVSOD\DVEHORZ4XDOLW\RI6HUYLFH
4R6LVHQDEOHGZKHQWKHER[DWERWWRPLVFKHFNHG;&OLFN1H[W
67(32QWKLVVFUHHQ\RXFDQFKRRVHHLWKHU333R(RU,3R(FRQQHFWLRQW\SHV
2QFH\RXKDYHFKRVHQFOLFN1H[WWRSURFHHG

,PSRUWDQW1RWH
)RU333R(FRQQHFWLRQVIROORZ6WHSV
)RU,3R(FRQQHFWLRQVIROORZ6WHSV
333R(±333RYHU(WKHUQHW
6WHS(QWHUWKH8VHUQDPHDQG3DVVZRUGDQGVHOHFWWKHFRQQHFWLRQRSWLRQV
5HYLHZWKHGHVFULSWLRQVEHORZIRUPRUHGHWDLOV&OLFN1H[WWRFRQWLQXH
3338VHUQDPH3333DVVZRUG
7KH3338VHUQDPHDQGWKH333SDVVZRUGUHTXLUHPHQWDUHGHSHQGHQWRQWKH
SDUWLFXODUUHTXLUHPHQWVRIWKHVHUYLFHSURYLGHU$PD[LPXPRIFKDUDFWHUVLV
DOORZHGIRUWKH333XVHUQDPHDQGDPD[LPXPRIFKDUDFWHUVIRU333SDVVZRUG
333R(VHUYLFHQDPH
)RU333R(VHUYLFH3$',UHTXHVWVFRQWDLQDVHUYLFHQDPHWDJ6RPH333R(
VHUYHUVRU%5$6RI,63FKHFNWKLVVHUYLFHQDPHWDJIRUFRQQHFWLRQ
'LDORQ'HPDQG
7KHGHYLFHFDQEHFRQILJXUHGWRGLVFRQQHFWLIWKHUHLVQRDFWLYLW\IRUDSHULRGRI
WLPHE\VHOHFWLQJWKLVFKHFNER[:KHQWKHFKHFNER[LVWLFNHG\RXPXVWHQWHU
WKHLQDFWLYLW\WLPHRXWSHULRG7KHWLPHRXWSHULRGUDQJHVIURPWRPLQXWHV

333,3([WHQVLRQ
7KH333,3([WHQVLRQLVDVSHFLDOIHDWXUHGHSOR\HGE\VRPHVHUYLFHSURYLGHUV
8QOHVV\RXUVHUYLFHSURYLGHUVSHFLDOO\UHTXLUHVWKLVVHWXSGRQRWVHOHFWLW
7KH333,3([WHQVLRQVXSSRUWVWKHIROORZLQJFRQGLWLRQV
x$OORZVRQO\RQH3&RQWKH/$1
x7KHSXEOLF,3DGGUHVVDVVLJQHGE\WKHUHPRWHVLGHXVLQJWKH333,3&3
SURWRFROLVDFWXDOO\QRWXVHGRQWKH:$1333LQWHUIDFH,QVWHDGLWLV
IRUZDUGHGWRWKH3&¶V/$1LQWHUIDFHWKURXJK'+&32QO\RQH3&RQWKH
/$1FDQEHFRQQHFWHGWRWKHUHPRWHVLQFHWKH'+&3VHUYHUZLWKLQWKH
GHYLFHKDVRQO\DVLQJOH,3DGGUHVVWRDVVLJQWRD/$1GHYLFH
x1$7DQGILUHZDOODUHGLVDEOHGZKHQWKLVRSWLRQLVVHOHFWHG
x7KHGHYLFHEHFRPHVWKHGHIDXOWJDWHZD\DQG'16VHUYHUWRWKH3&
WKURXJK'+&3XVLQJWKH/$1LQWHUIDFH,3DGGUHVV
x7KHGHYLFHH[WHQGVWKH,3VXEQHWDWWKHUHPRWHVHUYLFHSURYLGHUWRWKH
/$13&7KDWLVWKH3&EHFRPHVDKRVWEHORQJLQJWRWKHVDPH,3VXEQHW
x7KHGHYLFHEULGJHVWKH,3SDFNHWVEHWZHHQ:$1DQG/$1SRUWVXQOHVVWKH
SDFNHWLVDGGUHVVHGWRWKHGHYLFHV/$1,3DGGUHVV
8VH6WDWLF,3$GGUHVV
8QOHVV\RXUVHUYLFHSURYLGHUVSHFLDOO\UHTXLUHVWKLVVHWXSGRQRWVHOHFWLW
,IVHOHFWHGHQWHU\RXUVWDWLF,3DGGUHVVLQWKH,3$GGUHVVILHOG$OVRGRQ¶WIRUJHW
WRDGMXVW\RXU7&3,36HWWLQJVDVGHVFULEHGLQVXEVHFWLRQ7&3,36HWWLQJV
(QDEOH333'HEXJ0RGH
:KHQWKLVRSWLRQLVVHOHFWHGWKHV\VWHPZLOOSXWPRUH333FRQQHFWLRQLQIRUPDWLRQ
LQWRWKHV\VWHPORJ7KLVLVIRUGHEXJJLQJHUURUVDQGQRWIRUQRUPDOXVDJH
6WHS2QWKLVVFUHHQ\RXPD\HQDEOHGLVDEOH,*030XOWLFDVWDQG:$1
VHUYLFH&OLFN1H[WWRFRQWLQXH

(QDEOH,*030XOWLFDVWFKHFNER[
7LFNWKHFKHFNER[WRHQDEOH,*03PXOWLFDVWSUR[\,*03,QWHUQHW*URXS
0HPEHUVKLS3URWRFROLVDSURWRFROXVHGE\,3KRVWVWRUHSRUWWKHLUPXOWLFDVW
JURXSPHPEHUVKLSVWRDQ\LPPHGLDWHO\QHLJKERULQJPXOWLFDVWGHYLFH¶V
67(3&OLFN1H[WWRGLVSOD\WKH:$16HWXS6XPPDU\VFUHHQWKDWSUHVHQWV
WKHHQWLUHFRQILJXUDWLRQVXPPDU\UHYLHZ&OLFN%DFNWRPRGLI\WKH
VHWWLQJV
&OLFN6DYH5HERRWDQGVNLSWR6WHS

,3R(±,QWHUQHW3URWRFRORYHU(WKHUQHW
67(37KH:$1,36HWWLQJVVFUHHQEHORZDOORZVIRUFRQILJXUDWLRQRIWKH
FRQQHFWLRQLQ'+&3DXWRPDWLFRU6WDWLF,3PDQXDOPRGHV
(QWHULQIRUPDWLRQSURYLGHGWR\RXE\\RXU,63WRFRQILJXUHWKH:$1,3VHWWLQJV
'+&3PRGHPXVWEHHQDEOHGZKHQ2EWDLQDQ,3DGGUHVVDXWRPDWLFDOO\LV
FKRVHQ&KDQJLQJWKHGHIDXOWJDWHZD\RUWKH'16DIIHFWVWKHZKROHV\VWHP
:KHUH6WDWLFPRGHLVVHOHFWHGWKH,3DGGUHVVDQGVXEQHWPDVNPXVWEHHQWHUHG
KRZHYHUWKH8VH:$1LQWHUIDFHILHOGGRHVQRWQHHGWREHVHOHFWHG
67(3 7KHQH[WVFUHHQFRPELQHV1$7,*03DQG:$1VHUYLFHVHOHFWLRQ
RSWLRQV

(QDEOH1$7
,IWKH/$1LVFRQILJXUHGZLWKDSULYDWH,3DGGUHVVWKHXVHUVKRXOGVHOHFWWKLV
FKHFNER[7KHXVHUFDQWKHQFRQILJXUH1$7UHODWHGIHDWXUHV,IDSULYDWH,3
DGGUHVVLVQRWXVHGRQWKH/$1VLGHWKLVFKHFNER[VKRXOGQRWEHVHOHFWHGVRDV
WRIUHHXSV\VWHPUHVRXUFHVIRULPSURYHGSHUIRUPDQFH
(QDEOH)LUHZDOO
,IWKHILUHZDOOFKHFNER[LVVHOHFWHGWKHXVHUFDQFRQILJXUHWKHGHYLFHILUHZDOO
(QDEOH,*030XOWLFDVWFKHFNER[
7LFNWKHFKHFNER[WRHQDEOH,*03PXOWLFDVWSUR[\,*03,QWHUQHW*URXS
0HPEHUVKLS3URWRFROLVDSURWRFROXVHGE\,3KRVWVWRUHSRUWWKHLUPXOWLFDVW
JURXSPHPEHUVKLSVWRDQ\LPPHGLDWHO\QHLJKERULQJPXOWLFDVWGHYLFH¶V
67(3&OLFN1H[WWRGLVSOD\WKH:$16HWXS6XPPDU\VFUHHQWKDWSUHVHQWV
WKHHQWLUHFRQILJXUDWLRQVXPPDU\UHYLHZ&OLFN%DFNWRPRGLI\WKH
VHWWLQJV
67(3$WWKLVSRLQWWKHGHYLFHZLOOVDYHWKHFRQILJXUDWLRQWRIODVKPHPRU\
DQGUHERRW7KH:HE8,ZLOOQRWUHVSRQGXQWLOWKHGHYLFHLVUHDG\7KH
:HE8,VKRXOGUHIUHVKWRWKHGHIDXOWSDJHDXWRPDWLFDOO\
,IQRWUHVWDUWWKHEURZVHUDQGORJLQDJDLQIROORZLQJWKHVWHSVLQ
VXEVHFWLRQ/RJLQ3URFHGXUH

/$1
&RQILJXUHWKHGHYLFH,3$GGUHVVDQG6XEQHW0DVNIRU/$1LQWHUIDFH6DYHEXWWRQ
RQO\VDYHVWKH/$1FRQILJXUDWLRQGDWD6DYH5HERRWEXWWRQVDYHVWKH/$1
FRQILJXUDWLRQGDWDDQGUHERRWVWKHGHYLFHWRDSSO\WKHQHZFRQILJXUDWLRQ
,3$GGUHVV(QWHUWKH,3DGGUHVVIRUWKH/$1SRUW
6XEQHW0DVN(QWHUWKHVXEQHWPDVNIRUWKH/$1SRUW
(QDEOH83Q37LFNWKHER[WRHQDEOH
(QDEOH,*036QRRSLQJ(QDEOHE\WLFNLQJWKHER[
6WDQGDUG0RGH,QVWDQGDUGPRGHPXOWLFDVWWUDIILFZLOOIORRGWRDOOEULGJHSRUWV
ZKHQQRFOLHQWVXEVFULEHVWRDPXOWLFDVWJURXS±HYHQLI,*03
VQRRSLQJLVHQDEOHG
%ORFNLQJ0RGH,QEORFNLQJPRGHWKHPXOWLFDVWGDWDWUDIILFZLOOEHEORFNHGDQG
QRWIORRGWRDOOEULGJHSRUWVZKHQWKHUHDUHQRFOLHQW
VXEVFULSWLRQVWRDQ\PXOWLFDVWJURXS

7RFRQILJXUHDVHFRQGDU\,3DGGUHVVWLFNWKHFKHFNER[VKRZQEHORZ
,3$GGUHVV(QWHUWKHVHFRQGDU\,3DGGUHVVIRUWKH/$1SRUW
6XEQHW0DVN(QWHUWKHVHFRQGDU\VXEQHWPDVNIRUWKH/$1SRUW
1$7
127( 7RGLVSOD\WKH1$7IXQFWLRQ\RXPXVWHQDEOH1$7LQ:$16HWXS
 9LUWXDO6HUYHUV
9LUWXDO6HUYHUVDOORZ\RXWRGLUHFWLQFRPLQJWUDIILFIURPWKH:$1VLGHLGHQWLILHG
E\3URWRFRODQG([WHUQDOSRUWWRWKH,QWHUQDOVHUYHUZLWKSULYDWH,3DGGUHVVHVRQ
WKH/$1VLGH7KH,QWHUQDOSRUWLVUHTXLUHGRQO\LIWKHH[WHUQDOSRUWQHHGVWREH
FRQYHUWHGWRDGLIIHUHQWSRUWQXPEHUXVHGE\WKHVHUYHURQWKH/$1VLGH
$PD[LPXPRIHQWULHVFDQEHFRQILJXUHG
7RDGGD9LUWXDO6HUYHUFOLFNWKH$GGEXWWRQ7KHIROORZLQJVFUHHQZLOOGLVSOD\

6HOHFWD6HUYLFH
2U
&XVWRP6HUYHU
8VHUVKRXOGVHOHFWWKHVHUYLFHIURPWKHOLVW
2U
8VHUFDQHQWHUWKHQDPHRIWKHLUFKRLFH
6HUYHU,3$GGUHVV (QWHUWKH,3DGGUHVVIRUWKHVHUYHU
([WHUQDO3RUW6WDUW (QWHUWKHVWDUWLQJH[WHUQDOSRUWQXPEHUZKHQ\RXVHOHFW
&XVWRP6HUYHU:KHQDVHUYLFHLVVHOHFWHGWKHSRUWUDQJHV
DUHDXWRPDWLFDOO\FRQILJXUHG
([WHUQDO3RUW(QG (QWHUWKHHQGLQJH[WHUQDOSRUWQXPEHUZKHQ\RXVHOHFW
&XVWRP6HUYHU:KHQDVHUYLFHLVVHOHFWHGWKHSRUWUDQJHV
DUHDXWRPDWLFDOO\FRQILJXUHG
3URWRFRO 8VHUFDQVHOHFWIURP7&37&38'3RU8'3
,QWHUQDO3RUW6WDUW (QWHUWKHLQWHUQDOSRUWVWDUWLQJQXPEHUZKHQ\RXVHOHFW
&XVWRP6HUYHU:KHQDVHUYLFHLVVHOHFWHGWKHSRUWUDQJHV
DUHDXWRPDWLFDOO\FRQILJXUHG
,QWHUQDO3RUW(QG (QWHUWKHLQWHUQDOSRUWHQGLQJQXPEHUZKHQ\RXVHOHFW
&XVWRP6HUYHU:KHQDVHUYLFHLVVHOHFWHGWKHSRUWUDQJHV
DUHDXWRPDWLFDOO\FRQILJXUHG

 3RUW7ULJJHULQJ
6RPHDSSOLFDWLRQVUHTXLUHWKDWVSHFLILFSRUWVLQWKHGHYLFHVILUHZDOOEHRSHQHGIRU
DFFHVVE\WKHUHPRWHSDUWLHV3RUW7ULJJHUG\QDPLFDOO\RSHQVXSWKH2SHQ3RUWV
LQWKHILUHZDOOZKHQDQDSSOLFDWLRQRQWKH/$1LQLWLDWHVD7&38'3FRQQHFWLRQWRD
UHPRWHSDUW\XVLQJWKH7ULJJHULQJ3RUWV7KHGHYLFHDOORZVWKHUHPRWHSDUW\IURP
WKH:$1VLGHWRHVWDEOLVKQHZFRQQHFWLRQVEDFNWRWKHDSSOLFDWLRQRQWKH/$1
VLGHXVLQJWKH2SHQ3RUWV$PD[LPXPRIHQWULHVFDQEHFRQILJXUHG
7RDGGD7ULJJHU3RUWFOLFNWKH$GGEXWWRQ7KHIROORZLQJVFUHHQZLOOGLVSOD\

6HOHFWDQ
$SSOLFDWLRQ
2U
&XVWRP$SSOLFDWLRQ
8VHUVKRXOGVHOHFWWKHDSSOLFDWLRQIURPWKHOLVW
2U
8VHUFDQHQWHUWKHQDPHRIWKHLUFKRLFH
7ULJJHU3RUW6WDUW (QWHUWKHVWDUWLQJWULJJHUSRUWQXPEHUZKHQ\RXVHOHFW
FXVWRPDSSOLFDWLRQ:KHQDQDSSOLFDWLRQLVVHOHFWHGWKH
SRUWUDQJHVDUHDXWRPDWLFDOO\FRQILJXUHG
7ULJJHU3RUW(QG (QWHUWKHHQGLQJWULJJHUSRUWQXPEHUZKHQ\RXVHOHFW
FXVWRPDSSOLFDWLRQ:KHQDQDSSOLFDWLRQLVVHOHFWHGWKH
SRUWUDQJHVDUHDXWRPDWLFDOO\FRQILJXUHG
7ULJJHU3URWRFRO 8VHUFDQVHOHFWIURP7&37&38'3RU8'3
2SHQ3RUW6WDUW (QWHUWKHVWDUWLQJRSHQSRUWQXPEHUZKHQ\RXVHOHFW
FXVWRPDSSOLFDWLRQ:KHQDQDSSOLFDWLRQLVVHOHFWHGWKH
SRUWUDQJHVDUHDXWRPDWLFDOO\FRQILJXUHG
2SHQ3RUW(QG (QWHUWKHHQGLQJRSHQSRUWQXPEHUZKHQ\RXVHOHFW
FXVWRPDSSOLFDWLRQ:KHQDQDSSOLFDWLRQLVVHOHFWHGWKH
SRUWUDQJHVDUHDXWRPDWLFDOO\FRQILJXUHG
2SHQ3URWRFRO 8VHUFDQVHOHFWIURP7&37&38'3RU8'3

 '0=+RVW
7KHGHYLFHZLOOIRUZDUG,3SDFNHWVIURPWKH:$1WKDWGRQRWEHORQJWRDQ\RIWKH
DSSOLFDWLRQVFRQILJXUHGLQWKH9LUWXDO6HUYHUVWDEOHWRWKH'0=KRVWFRPSXWHU
(QWHUWKHFRPSXWHUV,3DGGUHVVDQGFOLFN$SSO\WRDFWLYDWHWKH'0=KRVW
&OHDUWKH,3DGGUHVVILHOGDQGFOLFN$SSO\WRGHDFWLYDWHWKH'0=KRVW

6HFXULW\
127( 7KH)LUHZDOOPXVWEHHQDEOHGWRDFFHVVWKLVRSWLRQ
 ,3)LOWHULQJ
,3ILOWHULQJDOORZV\RXWRFUHDWHDILOWHUUXOHWRLGHQWLI\RXWJRLQJLQFRPLQJ,3WUDIILF
E\VSHFLI\LQJDQHZILOWHUQDPHDQGDWOHDVWRQHFRQGLWLRQEHORZ$OORIWKH
VSHFLILHGFRQGLWLRQVLQWKLVILOWHUUXOHPXVWEHVDWLVILHGIRUWKHUXOHWRWDNHHIIHFW
&OLFN6DYH$SSO\WRVDYHDQGDFWLYDWHWKHILOWHU
2XWJRLQJ,3)LOWHU
127( 7KHGHIDXOWVHWWLQJIRUDOO2XWJRLQJWUDIILFLV$&&(37('
7RD GG DILOWHULQJUXOHFOLFNWKH$GGEXWWRQ7KHIROORZLQJVFUHHQZLOOGLVSOD\

)LOWHU1DPH 7\SHDQDPHIRUWKHILOWHUUXOH
3URWRFRO 7&37&38'38'3RU,&03
6RXUFH,3DGGUHVV (QWHUVRXUFH,3DGGUHVV
6RXUFH6XEQHW0DVN (QWHUVRXUFHVXEQHWPDVN
6RXUFH3RUWSRUWRUSRUWSRUW (QWHUVRXUFHSRUWQXPEHURUSRUWUDQJH
'HVWLQDWLRQ,3DGGUHVV(QWHUGHVWLQDWLRQ,3DGGUHVV
'HVWLQDWLRQ6XEQHW0DVN(QWHUGHVWLQDWLRQVXEQHWPDVN
'HVWLQDWLRQSRUWSRUWRUSRUWSRUW (QWHUGHVWLQDWLRQSRUWQXPEHURUSRUW
UDQJH

,QFRPLQJ
127( 7KHGHIDXOWVHWWLQJIRUDOO,QFRPLQJWUDIILFLV%/2&.('
7RD GG DILOWHULQJUXOHFOLFNWKH$GGEXWWRQ7KHIROORZLQJVFUHHQZLOOGLVSOD\
7RFRQILJXUHWKHSDUDPHWHUVSOHDVHUHIHUHQFHWKH2XWJRLQJ,3)LOWHUWDEOH

 3DUHQWDO&RQWURO
'D\WLPH3DUHQWDO&RQWURO
7KLVIHDWXUHUHVWULFWVDFFHVVRIDVHOHFWHG/$1GHYLFHWRDQRXWVLGHQHWZRUN
WKURXJKWKHURXWHUDVSHUFKRVHQGD\VRIWKHZHHNDQGWKHFKRVHQWLPHV
&OLFN$GGWRGLVSOD\WKHIROORZLQJVFUHHQ
6HHEHORZIRULQVWUXFWLRQV&OLFN6DYH$SSO\WRDSSO\WKHVHWWLQJV

8VHU1DPH1DPHRIWKH)LOWHU
%URZVHUV0$&$GGUHVV'LVSOD\V0$&DGGUHVVRIWKH/$1GHYLFHRQZKLFKWKH
EURZVHULVUXQQLQJ
2WKHU0$&$GGUHVV,IUHVWULFWLRQVDUHWREHDSSOLHGWRDGHYLFH RWKHUWKDQ
WKHRQHRQZKLFKWKHEURZVHULVUXQQLQJWKH0$&DGGUHVVRIWKDW/$1GHYLFHLV
HQWHUHG

'D\VRIWKH:HHN'D\VRIWKHZHHNZKHQWKHUHVWULFWLRQVDUHDSSOLHG

6WDUW%ORFNLQJ7LPH7KHWLPHZKHQUHVWULFWLRQVRQWKH/$1GHYLFH
DUHSXWLQWRHIIHFW

(QG%ORFNLQJ7LPH7KHWLPHZKHQUHVWULFWLRQVRQWKH/$1GHYLFHDUHOLIWHG
4XDOLW\RI6HUYLFH
&KRRVHWKHEURDGEDQGQHWZRUNHQYLURQPHQW&DEOHRU$'6/7KHQVHWWKH
PD[LPXPXSVWUHDPEDQGZLGWKUDWHLQ.ESV&OLFN6DYHRU6DYH5HERRW
127( 7RGLVSOD\WKLVIXQFWLRQ4R6PXVWEHHQDEOHGLQ:$16HWXS

5RXWLQJ
7KLVRSWLRQDOORZVIRU'HIDXOW*DWHZD\DQG6WDWLF5RXWHFRQILJXUDWLRQ
 'HIDXOW*DWHZD\
,I(QDEOH$XWRPDWLF$VVLJQHG'HIDXOW*DWHZD\FKHFNER[LVVHOHFWHGWKLV
GHYLFHZLOODFFHSWWKHILUVWUHFHLYHGGHIDXOWJDWHZD\DVVLJQPHQWIURPRQHRIWKH
HQDEOHG39&V,IWKHFKHFNER[LVQRWVHOHFWHGHQWHUWKHVWDWLFGHIDXOWJDWHZD\
DQGRU:$1LQWHUIDFH&OLFN6DYH$SSO\EXWWRQWRVDYHLW
127( $IWHUHQDEOLQJWKH$XWRPDWLF$VVLJQHG'HIDXOW*DWHZD\WKHGHYLFH
PXVWEHUHERRWHGWRDFWLYDWHWKHDVVLJQHGGHIDXOWJDWHZD\

 6WDWLF5RXWH
7KH6WDWLF5RXWHVFUHHQOLVWVWKHFRQILJXUHGVWDWLFURXWHV
&KRRVH$GGRU5HPRYHWRFRQILJXUHWKHVWDWLFURXWHV
&OLFNWKH$GGEXWWRQDQGWKHIROORZLQJVFUHHQZLOOGLVSOD\
(QWHUWKHGHVWLQDWLRQQHWZRUNDGGUHVVVXEQHWPDVNJDWHZD\$1'25DYDLODEOH
:$1LQWHUIDFHWKHQFOLFN6DYH$SSO\WRDGGWKHHQWU\WRWKHURXWLQJWDEOH

&KDSWHU:LUHOHVV
7KH:LUHOHVVPHQXDOORZ\RXWRHQDEOHWKHZLUHOHVVFDSDELOLW\KLGHWKHDFFHVV
SRLQWVHWWKHZLUHOHVVQHWZRUNQDPHDQGUHVWULFWWKHFKDQQHOVHW
%DVLF
7KLVVFUHHQDOORZV\RXWRHQDEOHRUGLVDEOHWKHZLUHOHVV/$1LQWHUIDFHKLGHWKH
QHWZRUNIURPDFWLYHVFDQVVHWWKHZLUHOHVVQHWZRUNQDPHDOVRNQRZQDV66,'
DQGUHVWULFWWKHFKDQQHOVHWEDVHGRQFRXQWU\UHTXLUHPHQWV

2SWLRQ'HVFULSWLRQ
(QDEOH:LUHOHVV $FKHFNER[WKDWHQDEOHVRUGLVDEOHVWKHZLUHOHVV/$1
LQWHUIDFH:KHQVHOHFWHGWKH:HE8,GLVSOD\V+LGH$FFHVV
SRLQW66,'DQG&RXQW\VHWWLQJV7KHGHIDXOWLV(QDEOH
:LUHOHVV
+LGH$FFHVV3RLQW 6HOHFW+LGH$FFHVV3RLQWWRSURWHFWGHYLFHDFFHVVSRLQWIURP
GHWHFWLRQE\ZLUHOHVVDFWLYHVFDQV,I\RXGRQRWZDQWWKH
DFFHVVSRLQWWREHDXWRPDWLFDOO\GHWHFWHGE\DZLUHOHVV
VWDWLRQWKLVFKHFNER[VKRXOGEHGHVHOHFWHG
7KHVWDWLRQZLOOQRWGLVFRYHUWKLVDFFHVVSRLQW7RFRQQHFWD
VWDWLRQWRWKHDYDLODEOHDFFHVVSRLQWVWKHVWDWLRQPXVW
PDQXDOO\DGGWKLVDFFHVVSRLQWQDPHLQLWVZLUHOHVV
FRQILJXUDWLRQ,Q:LQGRZV;3JRWRWKH1HWZRUN!3URJUDPV
IXQFWLRQWRYLHZDOORIWKHDYDLODEOHDFFHVVSRLQWV<RXFDQ
DOVRXVHRWKHUVRIWZDUHSURJUDPVVXFKDV1HW6WXPEOHUWR
YLHZDYDLODEOHDFFHVVSRLQWV
66,' 6HWVWKHZLUHOHVVQHWZRUNQDPH66,'VWDQGVIRU6HUYLFH
6HW,GHQWLILHU$OOVWDWLRQVPXVWEHFRQILJXUHGZLWKWKH
FRUUHFW66,'WRDFFHVVWKH:/$1,IWKH66,'GRHVQRW
PDWFKWKDWXVHUZLOOQRWEHJUDQWHGDFFHVV
7KHQDPLQJFRQYHQWLRQVDUH0LQLPXPLVRQHFKDUDFWHUDQG
PD[LPXPQXPEHURIFKDUDFWHUVE\WHV
%66,' 7KH%66,'LVDELWLGHQWLW\XVHGWRLGHQWLI\DSDUWLFXODU
%66%DVLF6HUYLFH6HWZLWKLQDQDUHD,Q,QIUDVWUXFWXUH
%66QHWZRUNVWKH%66,'LVWKH0$&0HGLXP$FFHVV
&RQWURODGGUHVVRIWKH$3$FFHVV3RLQWDQGLQ
,QGHSHQGHQW%66RUDGKRFQHWZRUNVWKH%66,'LV
JHQHUDWHGUDQGRPO\
&RXQWU\ $GURSGRZQPHQXWKDWSHUPLWVZRUOGZLGHDQGVSHFLILF
QDWLRQDOVHWWLQJV(DFKFRXQW\OLVWHGLQWKHPHQXHQIRUFHV
VSHFLILFUHJXODWLRQVOLPLWLQJFKDQQHOUDQJH
86 ZRUOGZLGH-DSDQ -RUGDQ ,VUDHO 7%'

6HFXULW\
6HFXULW\RSWLRQVLQFOXGHDXWKHQWLFDWLRQDQGHQFU\SWLRQVHUYLFHVEDVHGRQWKH
ZLUHGHTXLYDOHQWSULYDF\:(3DOJRULWKP:(3LVDVHWRIVHFXULW\VHUYLFHVXVHG
WRSURWHFWQHWZRUNVIURPXQDXWKRUL]HGDFFHVVVXFKDVHDYHVGURSSLQJLQ
WKLVFDVHWKHFDSWXUHRIZLUHOHVVQHWZRUNWUDIILF:KHQGDWDHQFU\SWLRQLV
HQDEOHGVHFUHWVKDUHGHQFU\SWLRQNH\VDUHJHQHUDWHGDQGXVHGE\WKHVRXUFH
VWDWLRQDQGWKHGHVWLQDWLRQVWDWLRQWRDOWHUIUDPHELWVWKXVDYRLGLQJGLVFORVXUHWR
HDYHVGURSSHUV
VXSSRUWVWZRVXEW\SHVRIQHWZRUNDXWKHQWLFDWLRQVHUYLFHVRSHQV\VWHP
DQGVKDUHGNH\8QGHURSHQV\VWHPDXWKHQWLFDWLRQDQ\ZLUHOHVVVWDWLRQFDQ
UHTXHVWDXWKHQWLFDWLRQ7KHV\VWHPWKDWQHHGVWRDXWKHQWLFDWHZLWKDQRWKHU
ZLUHOHVVVWDWLRQVHQGVDQDXWKHQWLFDWLRQPDQDJHPHQWIUDPHWKDWFRQWDLQVWKH
LGHQWLW\RIWKHVHQGLQJVWDWLRQ7KHUHFHLYLQJVWDWLRQWKHQVHQGVEDFNDIUDPH
WKDWLQGLFDWHVZKHWKHULWUHFRJQL]HVWKHLGHQWLW\RIWKHVHQGLQJVWDWLRQ
8QGHUVKDUHGNH\DXWKHQWLFDWLRQHDFKZLUHOHVVVWDWLRQLVDVVXPHGWRKDYH
UHFHLYHGDVHFUHWVKDUHGNH\RYHUDVHFXUHFKDQQHOWKDWLVLQGHSHQGHQWIURP
ZLUHOHVVQHWZRUNFRPPXQLFDWLRQVFKDQQHO
7KHIROORZLQJVFUHHQDSSHDUVZKHQ6HFXULW\LVVHOHFWHG7KH6HFXULW\SDJHDOORZV
\RXWRFRQILJXUHVHFXULW\IHDWXUHVRIWKHZLUHOHVV/$1LQWHUIDFH<RXFDQVHWWKH
QHWZRUNDXWKHQWLFDWLRQPHWKRGVHOHFWLQJGDWDHQFU\SWLRQVSHFLI\ZKHWKHUD
QHWZRUNNH\LVUHTXLUHGWRDXWKHQWLFDWHWRWKLVZLUHOHVVQHWZRUNDQGVSHFLI\WKH
HQFU\SWLRQVWUHQJWK

2SWLRQ'HVFULSWLRQ
1HWZRUN
$XWKHQWLFDWLRQ
,WVSHFLILHVWKHQHWZRUNDXWKHQWLFDWLRQ:KHQWKLVFKHFNER[LV
VHOHFWHGLWVSHFLILHVWKDWDQHWZRUNNH\EHXVHGIRUDXWKHQWLFDWLRQ
WRWKHZLUHOHVVQHWZRUN,IWKH1HWZRUN$XWKHQWLFDWLRQ6KDUHG
PRGHFKHFNER[LVQRWVKDUHGWKDWLVLIRSHQV\VWHP
DXWKHQWLFDWLRQLVXVHGQRDXWKHQWLFDWLRQLVSURYLGHG2SHQ
V\VWHPDXWKHQWLFDWLRQRQO\SHUIRUPVLGHQWLW\YHULILFDWLRQV
'LIIHUHQWDXWKHQWLFDWLRQW\SHSRSVXSGLIIHUHQWVHWWLQJVUHTXHVWV
&KRRVLQJ;HQWHU5$',866HUYHU,3DGGUHVV5$',863RUW
5$',86NH\DQG&XUUHQW1HWZRUN.H\
$OVRHQDEOH:(3(QFU\SWLRQDQGVHOHFW(QFU\SWLRQ6WUHQJWK
6HOHFWWKH&XUUHQW1HWZRUN.H\DQGHQWHU$6&,,FKDUDFWHUVRU
KH[DGHFLPDOGLJLWVIRUELWHQFU\SWLRQNH\VDQGHQWHU
$6&,,FKDUDFWHUVRUKH[DGHFLPDOGLJLWVIRUELWHQFU\SWLRQ
NH\V
&KRRVLQJ:3$\RXPXVWHQWHU:3$*URXS5HNH\,QWHUYDO

&KRRVLQJ:3$36.\RXPXVWHQWHU:3$3UH6KDUHG.H\DQG
*URXS5HNH\,QWHUYDO
:(3
(QFU\SWLRQ
,WVSHFLILHVWKDWDQHWZRUNNH\LVXVHGWRHQFU\SWWKHGDWDLVVHQW
RYHUWKHQHWZRUN:KHQWKLVFKHFNER[LVVHOHFWHGLWHQDEOHVGDWD
HQFU\SWLRQDQGSURPSWVWKH(QFU\SWLRQ6WUHQJWKGURSGRZQPHQX
'DWD(QFU\SWLRQ:(3(QDEOHGDQG1HWZRUN$XWKHQWLFDWLRQXVH
WKHVDPHNH\
(QFU\SWLRQ
VWUHQJWK
$VHVVLRQ¶VNH\VWUHQJWKLVSURSRUWLRQDOWRWKHQXPEHURIELQDU\
ELWVFRPSULVLQJWKHVHVVLRQNH\ILOH7KLVPHDQVWKDWVHVVLRQNH\V
ZLWKDJUHDWHUQXPEHURIELWVKDYHDJUHDWHUGHJUHHRIVHFXULW\
DQGDUHFRQVLGHUDEO\PRUHGLIILFXOWWRIRUFLEO\GHFRGH7KLVGURS
GRZQPHQXVHWVHLWKHUDELWFKDUDFWHURUFKDUDFWHU
KH[DGHFLPDORUELWFKDUDFWHURUFKDUDFWHUNH\
,I\RXVHWDPLQLPXPELWNH\VWUHQJWKXVHUVDWWHPSWLQJWR
HVWDEOLVKDVHFXUHFRPPXQLFDWLRQVFKDQQHOZLWK\RXUVHUYHUPXVW
XVHDEURZVHUFDSDEOHRIFRPPXQLFDWLQJZLWKDELWVHVVLRQ
NH\
7KH(QFU\SWLRQ6WUHQ
J
WKVHWWLQ
J
VGRQRWGLVSOD\XQOHVVWKHQHWZRUN
$XWKHQWLFDWLRQVKDUHG0RGHFKHFNER[LVVHOHFWHG

0$&)LOWHU
7KLV0$&)LOWHUSDJHDOORZVDFFHVVWREHUHVWULFWHGDOORZHGEDVHGRQD0$&
DGGUHVV$OO1,&VKDYHDXQLTXHELW0$&DGGUHVVEXUQHGLQWRWKH520FKLSRQ
WKHFDUG:KHQ0$&DGGUHVVILOWHULQJLVHQDEOHG\RXDUHUHVWULFWLQJWKH1,&V
WKDWDUHDOORZHGWRFRQQHFWWR\RXUDFFHVVSRLQW7KHUHIRUHDQDFFHVVSRLQWZLOO
JUDQWDFFHVVWRDQ\FRPSXWHUWKDWLVXVLQJD1,&ZKRVH0$&DGGUHVVLVRQLWV
³DOORZV´OLVW
:L)LGHYLFH¶VDQGDFFHVVSRLQWVWKDWVXSSRUW0$&ILOWHULQJOHW\RXVSHFLI\DOLVWRI
0$&DGGUHVVHVWKDWPD\FRQQHFWWRWKHDFFHVVSRLQWDQGWKXVGLFWDWHZKDW
GHYLFHVDUHDXWKRUL]HGWRDFFHVVWKHZLUHOHVVQHWZRUN:KHQDGHYLFHLVXVLQJ
0$&ILOWHULQJDQ\DGGUHVVQRWH[SOLFLWO\GHILQHGZLOOEHGHQLHGDFFHVV
0$&5HVWULFWPRGH2IIGLVDEOHV0$&ILOWHULQJ$OORZ±SHUPLWVDFFHVVIRUWKH
VSHFLILHG0$&DGGUHVVGHQ\UHMHFWDFFHVVRIWKHVSHFLILHG0$&DGGUHVVWKHQ
FOLFNWKH6(7EXWWRQ
7RGHOHWHDQHQWU\VHOHFWWKHHQWU\DWWKHERWWRPRIWKHVFUHHQDQGWKHQFOLFNWKH
5HPRYHEXWWRQORFDWHGRQWKHULJKWKDQGVLGHRIWKHVFUHHQ
7RDGGD0$&HQWU\FOLFN$GGDQGHQWHU0$&DGGUHVV
7KHIROORZLQJVFUHHQZLOODSSHDU(QWHUWKH0$&DGGUHVVDQGFOLFN6DYH$SSO\WR
DGGWKH0$&DGGUHVVWRWKHZLUHOHVV0$&DGGUHVVILOWHUV

2SWLRQ'HVFULSWLRQ
0$&5HVWULFW0RGH 5DGLREXWWRQVWKDWDOORZVHWWLQJVRI
2II0$&ILOWHULQJIXQFWLRQLVGLVDEOHG
$OORZ3HUPLWV3&VZLWKOLVWHG0$&DGGUHVVHVWRFRQQHFWWR
WKHDFFHVVSRLQW
'HQ\3UHYHQWV3&VZLWKOLVWHG0$&IURPFRQQHFWLQJWRWKH
DFFHVVSRLQW
0$&$GGUHVV /LVWVWKH0$&DGGUHVVHVVXEMHFWWRWKH2II$OORZRU'HQ\
LQVWUXFWLRQ7KH$GGEXWWRQSURPSWVDQHQWU\ILHOGWKDW
UHTXLUHV\RXW\SHLQD0$&DGGUHVVLQDWZRFKDUDFWHU
E\WHFRQYHQWLRQ[[[[[[[[[[[[ZKHUH[[DUH
KH[DGHFLPDOQXPEHUV7KHPD[LPXPQXPEHURI0$&
DGGUHVVHVWKDWFDQEHDGGHGLV

:LUHOHVV%ULGJH
7KLVSDJHDOORZV\RXWRFRQILJXUHZLUHOHVVEULGJHIHDWXUHVRIWKHZLUHOHVV/$1
LQWHUIDFH<RXFDQVHOHFW:LUHOHVV%ULGJHDOVRNQRZQDV:LUHOHVV'LVWULEXWLRQ
6\VWHPWRGLVDEOHDFFHVVSRLQWIXQFWLRQDOLW\6HOHFWLQJ$FFHVV3RLQWHQDEOHV
DFFHVVSRLQWIXQFWLRQDOLW\:LUHOHVVEULGJHIXQFWLRQDOLW\ZLOOVWLOOEHDYDLODEOHDQG
ZLUHOHVVVWDWLRQVZLOOEHDEOHWRDVVRFLDWHWRWKH$36HOHFW'LVDEOHGLQ%ULGJH
5HVWULFWWRGLVDEOHZLUHOHVVEULGJHUHVWULFWLRQ$Q\ZLUHOHVVEULGJHZLOOWKHQEH
JUDQWHGDFFHVV6HOHFWLQJ(QDEOHGRU(QDEOHG6FDQHQDEOHVZLUHOHVVEULGJH
UHVWULFWLRQ2QO\WKRVHEULGJHVVHOHFWHGLQ5HPRWH%ULGJHVZLOOEHJUDQWHGDFFHVV
0RGH2SWLRQV
$30RGH $FFHVV3RLQW
:LUHOHVV%ULGJH
%ULGJH5HVWULFW (QDEOHG
(QDEOHG6FDQ
'LVDEOHG

$GYDQFHG
7KH$GYDQFHGSDJHDOORZV\RXWRFRQILJXUHDGYDQFHGIHDWXUHVRIWKHZLUHOHVV/$1
LQWHUIDFH<RXFDQVHOHFWDSDUWLFXODUFKDQQHORQZKLFKWRRSHUDWHIRUFHWKH
WUDQVPLVVLRQUDWHWRDSDUWLFXODUVSHHGVHWWKHIUDJPHQWDWLRQWKUHVKROGVHWWKH
576WKUHVKROGVHWWKHZDNHXSLQWHUYDOIRUFOLHQWVLQSRZHUVDYHPRGHVHWWKH
EHDFRQLQWHUYDOIRUWKHDFFHVVSRLQWDQGVHWZKHWKHUVKRUWRUORQJSUHDPEOHVDUH
XVHG&OLFN$SSO\WRFRQILJXUHWKHDGYDQFHGZLUHOHVVRSWLRQV
2SWLRQ'HVFULSWLRQ
$3,VRODWLRQ 6HOHFW2QRU2II%\HQDEOLQJWKLVIHDWXUHZLUHOHVV
FOLHQWVDVVRFLDWHGZLWKWKH$FFHVV3RLQWZLOOEHDEOHWR
FRQQHFWWRHDFKRWKHU
%DQG 7KHQHZDPHQGPHQWDOORZV,(((
J
XQLWVWRIDOO
EDFNWRVSHHGVRI0ESVVR,(((EDQG,(((
JGHYLFHVFDQFRH[LVWLQWKHVDPHQHWZRUN
7KHWZRVWDQGDUGVDSSO\WRWKH*+]IUHTXHQF\
EDQG
&KDQQHO 'URSGRZQPHQXWKDWDOORZVVHOHFWLRQRIVSHFLILF
FKDQQHO
$XWR&KDQQHO7LPHUPLQ $XWRFKDQQHOVFDQWLPHULQPLQXWHVWRGLVDEOH
J5DWH 'URSGRZQPHQXWKDWVSHFLILHVWKHIROORZLQJIL[HG
UDWHV
$XWR'HIDXOW8VHVWKH0ESVGDWDUDWHZKHQ
SRVVLEOHEXWGURSVWRORZHUUDWHVZKHQQHFHVVDU\

0ESV0ESV0ESVRU0ESVIL[HGUDWHV7KH
DSSURSULDWHVHWWLQJLVGHSHQGHQWRQVLJQDOVWUHQJWK
0XOWLFDVW5DWH 6HWWLQJPXOWLFDVWSDFNHWWUDQVPLWUDWH
%DVLF5DWH 6HWWLQJEDVLFWUDQVPLWUDWH
)UDJPHQWDWLRQ7KUHVKROG $WKUHVKROGVSHFLILHGLQE\WHVWKDWGHWHUPLQHV
ZKHWKHUSDFNHWVZLOOEHIUDJPHQWHGDQGDWZKDWVL]H
2QDQ:/$1SDFNHWVWKDWH[FHHGWKH
IUDJPHQWDWLRQWKUHVKROGDUHIUDJPHQWHGLHVSOLW
LQWRVPDOOHUXQLWVVXLWDEOHIRUWKHFLUFXLWVL]H
3DFNHWVVPDOOHUWKDQWKHVSHFLILHGIUDJPHQWDWLRQ
WKUHVKROGYDOXHDUHQRWIUDJPHQWHG
(QWHUDYDOXHEHWZHHQDQG
,I\RXH[SHULHQFHDKLJKSDFNHWHUURUUDWHWU\WR
VOLJKWO\LQFUHDVH\RXU)UDJPHQWDWLRQ7KUHVKROG7KH
YDOXHVKRXOGUHPDLQDWLWVGHIDXOWVHWWLQJRI
6HWWLQJWKH)UDJPHQWDWLRQ7KUHVKROGWRRORZPD\
UHVXOWLQSRRUSHUIRUPDQFH
5767KUHVKROG 5HTXHVWWR6HQGZKHQVHWLQE\WHVVSHFLILHVWKH
SDFNHWVL]HEH\RQGZKLFKWKH:/$1&DUGLQYRNHVLWV
576&76PHFKDQLVP3DFNHWVWKDWH[FHHGWKH
VSHFLILHG576WKUHVKROGWULJJHUWKH576&76
PHFKDQLVP7KH1,&WUDQVPLWVVPDOOHUSDFNHW
ZLWKRXWXVLQJ576&76
7KHGHIDXOWVHWWLQJRIPD[LPXPOHQJWK
GLVDEOHV5767KUHVKROG
'7,0,QWHUYDO 'HOLYHU\7UDIILF,QGLFDWLRQ0HVVDJH'7,0DOVR
NQRZQDV%HDFRQ5DWH7KHHQWU\UDQJHLVDYDOXH
EHWZHHQDQG$'7,0LVDFRXQWGRZQ
LQIRUPLQJFOLHQWVRIWKHQH[WZLQGRZIRUOLVWHQLQJWR
EURDGFDVWDQGPXOWLFDVWPHVVDJHV:KHQWKH$3KDV
EXIIHUHGEURDGFDVWRUPXOWLFDVWPHVVDJHVIRU
DVVRFLDWHGFOLHQWVLWVHQGVWKHQH[W'7,0ZLWKD
'7,0,QWHUYDOYDOXH$3&OLHQWVKHDUWKHEHDFRQVDQG
DZDNHQWRUHFHLYHWKHEURDGFDVWDQGPXOWLFDVW
PHVVDJHV7KHGHIDXOWLV
%HDFRQ,QWHUYDO 7KHDPRXQWRIWLPHEHWZHHQEHDFRQWUDQVPLVVLRQV
(DFKEHDFRQWUDQVPLVVLRQLGHQWLILHVWKHSUHVHQFHRI
DQDFFHVVSRLQW%\GHIDXOWUDGLR1,&VSDVVLYHO\
VFDQDOO5)FKDQQHOVDQGOLVWHQIRUEHDFRQVFRPLQJ
IURPDFFHVVSRLQWVWRILQGDVXLWDEOHDFFHVVSRLQW
%HIRUHDVWDWLRQHQWHUVSRZHUVDYHPRGHWKHVWDWLRQ
QHHGVWKHEHDFRQLQWHUYDOWRNQRZZKHQWRZDNHXS
WRUHFHLYHWKHEHDFRQDQGOHDUQZKHWKHUWKHUHDUH
EXIIHUHGIUDPHVDWWKHDFFHVVSRLQW
7KHHQWHUHGYDOXHLVUHSUHVHQWHGLQPV'HIDXOWLV
$FFHSWDEOHHQWU\UDQJHLVWR[IIII
0D[LPXP$VVRFLDWHG
&OLHQWV
7KHPD[LPXPQXPEHURIFOLHQWVWKDWPD\FRQQHFWWR
WKHDFFHVVSRLQW7KHGHYLFHVXSSRUWVXSWR
;SUHVV
70
7HFKQRORJ\ ;SUHVV7HFKQRORJ\LVFRPSOLDQWZLWKGUDIW

VSHFLILFDWLRQVRIWZRSODQQHGZLUHOHVVLQGXVWU\
VWDQGDUGV
J
70
0RGH 6HOHFWWKHPRGHWRJ$XWRIRU
WKHZLGHVWFRPSDWLELOLW\6HOHFWWKHPRGHWR
J3HUIRUPDQFHIRUWKHIDVWHVWSHUIRUPDQFH
DPRQJJFHUWLILHGHTXLSPHQW6HW
WKHPRGHWRJ/56LI\RXDUHH[SHULHQFLQJ
GLIILFXOW\ZLWKOHJDF\EHTXLSPHQW
J3URWHFWLRQ ,Q$XWRPRGHWKHGHYLFHZLOOXVH
576&76WRLPSURYHJSHUIRUPDQFHLQ
PL[HGJEQHWZRUNV7XUQ
SURWHFWLRQRIIWRPD[LPL]HJWKURXJKSXW
XQGHUPRVWFRQGLWLRQV
3UHDPEOH7\SH 6KRUWSUHDPEOHLVLQWHQGHGIRUDSSOLFDWLRQZKHUH
PD[LPXPWKURXJKSXWLVGHVLUHGEXWLWGRHVQ¶W
FRRSHUDWHZLWKWKHOHJDF\
/RQJSUHDPEOHLQWHURSHUDWHVZLWKWKHFXUUHQWDQG
0ELWV'666VSHFLILFDWLRQDVGHVFULEHGLQ,(((6WG

7UDQVPLW3RZHU 7KHURXWHUZLOOVHWGLIIHUHQWSRZHURXWSXWE\
SHUFHQWDJHDFFRUGLQJWRWKLVVHOHFWLRQ

6WDWLRQ,QIR
7KLVSDJHVKRZVDXWKHQWLFDWHGZLUHOHVVVWDWLRQVDQGWKHLUVWDWXV
%66,' 7KH%66,'LVDELWLGHQWLW\XVHGWRLGHQWLI\DSDUWLFXODU
%66%DVLF6HUYLFH6HWZLWKLQDQDUHD,Q,QIUDVWUXFWXUH
%66QHWZRUNVWKH%66,'LVWKH0$&0HGLXP$FFHVV
&RQWURODGGUHVVRIWKH$3$FFHVV3RLQWDQGLQ
,QGHSHQGHQW%66RUDGKRFQHWZRUNVWKH%66,'LV
JHQHUDWHGUDQGRPO\
$VVRFLDWHG /LVWVDOOWKHVWDWLRQVWKDWDUHDVVRFLDWHGZLWKWKH$FFHVV
3RLQWDORQJZLWKWKHDPRXQWRIWLPHVLQFHSDFNHWVZHUH
WUDQVIHUUHGWRDQGIURPHDFKVWDWLRQ,IDVWDWLRQLVLGOHIRU
WRRORQJLWLVUHPRYHGIURPWKLVOLVW
$XWKRUL]HG /LVWVWKRVHGHYLFHVZLWKDXWKRUL]HGDFFHVV

&KDSWHU9RLFH
7KLVFKDSWHUILUVWGHVFULEHVWKH6,3DQG'LDO3ODQFRQILJXUDWLRQVFUHHQV7KH
ODVWVHFWLRQ7HOHSKRQH&DOOVGHVFULEHVKRZWRXVHWKH9R,39RLFHRYHU,3
DQG36713XEOLF6ZLWFKHG7HOHSKRQH1HWZRUNYRLFHVHUYLFHV
6,3
6HVVLRQ,QLWLDWLRQ3URWRFRO6,3LVDVLJQDOLQJSURWRFROIRU,QWHUQHWFRQIHUHQFLQJ
WHOHSKRQ\SUHVHQFHHYHQWVQRWLILFDWLRQDQGLQVWDQWPHVVDJLQJ,WLVWKH,QWHUQHW
(QJLQHHULQJ7DVN)RUFHV,(7)VVWDQGDUGIRUPXOWLPHGLDFRQIHUHQFLQJRYHU,3
,WLVGHVLJQHGWRDGGUHVVWKHIXQFWLRQVRIVLJQDOLQJDQGVHVVLRQPDQDJHPHQW
ZLWKLQDSDFNHWWHOHSKRQ\QHWZRUN6LJQDOLQJDOORZVFDOOLQIRUPDWLRQWREHFDUULHG
DFURVVQHWZRUNERXQGDULHV6HVVLRQPDQDJHPHQWSURYLGHVWKHDELOLW\WRFRQWURO
WKHDWWULEXWHVRIDQHQGWRHQGFDOO
6HVVLRQ,QLWLDWLRQ3URWRFROLVDSHHUWRSHHUSURWRFRO
7KHUHDUHIRXUFRPSRQHQWVLQWKH6,3VWDQGDUG
D8VHU$JHQWV8$6,3SKRQHFOLHQWVKDUGZDUHRUVRIWZDUH

E3UR[\6HUYHU±UHOD\VGDWDEHWZHHQ8$DQGH[WHUQDOVHUYHUV
F5HJLVWUDU6HUYHUDVHUYHUWKDWDFFHSWVUHJLVWHUUHTXHVWVIURP8$
G5HGLUHFW6HUYHU±SURYLGHVDQDGGUHVVORRNXSVHUYLFHWR8$

7RD FFHVVWKH6,3FRQILJXUDWLRQVFUHHQFOLFN6,3IURPWKH9RLFHVXEPHQX
2QFHWKHVHWWLQJVDUHFRQILJXUHGFOLFN$SSO\DQG6DYH$OO9R,33DUDPHWHUVWR
UHVHWWKH9R,3VHUYLFHWRXVHWKHQHZVHWWLQJV

7KLVWDEOHGHVFULEHVWKH6,3FRQILJXUDWLRQRSWLRQVVKRZQRQWKHSUHYLRXVSDJH
,QWHUIDFHQDPH :$1LQWHUIDFHQDPH
/RFDO6HOHFWLRQ 6HWWRQHULQJW\SHDQGSK\VLFDO
FKDUDFWHULVWLFVIRUHDFKVSHFLILFFRXQWU\
3UHIHUUHGFRGHF 7KHGHIDXOWLV*8
3UHIHUUHGSWLPH 7KHGHIDXOWLV
8VH6,3SUR[\ $SUR[\LVDQLQWHUPHGLDU\SURJUDPWKDW
DFWVDVERWKDVHUYHUDQGDFOLHQWIRUWKH
SXUSRVHRIPDNLQJUHTXHVWVRQEHKDOIRI
RWKHUFOLHQWV5HTXHVWVDUHVHUYLFHG
LQWHUQDOO\RUWUDQVIHUUHGWRRWKHUVHUYHUV$
SUR[\LQWHUSUHWVDQGLIQHFHVVDU\UHZULWHVD
UHTXHVWPHVVDJHEHIRUHIRUZDUGLQJLW
,QSXW,3DGGUHVVRUGRPDLQQDPHRIWKH6,3
SUR[\VHUYHUXVHGIRU92,3VHUYLFH
LVWKHGHIDXOWFKDQJHEDVHGRQ\RXU
9R,3VHUYLFHSURYLGHU
5HJLVWHU([SLUH7LPH 7KHWLPHSHULRGWKDWWKHXVHUZRXOGOLNHWKH
UHJLVWUDWLRQWREHYDOLGZLWKWKH5HJLVWUDU
3UR[\6HUYHU7KHGHIDXOWLVVHFRQGV
6,3GRPDLQQDPH 3URYLGHGE\\RXU9R,3VHUYLFHSURYLGHU
8VH6,3RXWERXQGSUR[\
6HOHFWLIUHTXLUHGE\\RXU9R,3SURYLGHU
(QDEOH6,3WDJPDWFKLQJ
8QFKHFNIRU9RQDJH,QWHURS
6HOHFWLIUHTXLUHGE\\RXU9R,3SURYLGHU
5HPRWHVHUYHUIRU6,3ORJ
PHVVDJHV
(QDEOHRUGLVDEOHUHPRWHVHUYHU6,3ORJ
PHVVDJHV
'LVS1DPH 7KHFDOOHU,'GLVSOD\QDPH
9R,33KRQH1XPEHU $VWKHPRGHPKDVWZR);6WZRSKRQH
QXPEHUVFDQEHOLVWHG
$XWK,' 7KHDXWKHQWLFDWLRQXVHUQDPHIRUWKH
5HJLVWUDU3UR[\DVDVVLJQHGE\WKH92,3
VHUYLFHSURYLGHU
$XWK3DVVZRUG 7KHDXWKHQWLFDWLRQSDVVZRUGIRUWKH
5HJLVWUDUSUR[\DVDVVLJQHGE\WKH92,3
VHUYLFHSURYLGHU
3671URXWHUXOH ,I3671URXWHUXOHLV$XWRDQLQFRPLQJ
3671FDOOZLOOULQJDQLGOHSKRQHHLWKHU
3KRQHRU3KRQHLI3KRQHLVEXV\
,I3671URXWHUXOHLV)L[HGDQLQFRPLQJ
3671FDOOZLOODWWHPSWWRULQJRQO\WKH
DVVLJQHGSKRQHOLQH3KRQHRU3KRQH
(PHUJHQF\FDOOV
1XPEHU
(PHUJHQF\SKRQHQXPEHUV
/DQGOLQHRU9R,3FDQEHVHOHFWHG
3OHDVH1RWH7KHVHQXPEHUVPXVWEH
FKDQJHGWRFRUUHVSRQGWRWKHHPHUJHQF\
QXPEHUVWKDWDUHXVHGLQ\RXUORFDWLRQ
0D['LJLWV 6HWVWKHPD[LPXPQXPEHURIGLJLWVIRUWKH
SKRQHQXPEHU
5)&2XWEDQG'70) (QDEOHWKHVSHFLDOXVHRI573SDFNHWVWR
WUDQVPLWGLJLWHYHQWV
5733D\ORDG7\SHIRU5)& 3D\ORDGW\SHVDUHGHILQHGLQ5)&573

3D\ORDGIRU'70)'LJLWV7HOHSKRQ\7RQHV
DQG7HOHSKRQ\6LJQDOV$SD\ORDGW\SHLVD
QXPEHUIURPWRWKDWLGHQWLILHVWKH
W\SHRISD\ORDGFDUULHGLQWKHSDFNHW7KH
SD\ORDGW\SHVKRXOGEHLGHQWLFDORQWKH*:
DQGFDOODJHQW
(QDEOH3DVV&DOO)HDWXUHWR
6LS3UR[\
2QO\7LFNLI\RXU9R,36HUYLFH3URYLGHU
UHTXLUHVWKLV
(QDEOH,QWHUQDO&DOO 7LFNLI\RXZRXOGOLNHWRLQWHUFRP\RXU
QG
9R,3SKRQH
(QDEOH3KRQH+RWOLQH
7KLVVHWWLQJLVXVHGLI\RXUHTXLUHDFHUWDLQ
SKRQHQXPEHUWRDOZD\VEHGLDOOHGZKHQ
\RXSLFNXS\RXU9R,3SKRQHRQ/LQHRU
/LQH6HWWLQJWKLVZRXOGPHDQWKDW\RXFDQ
QRWPDNHFDOOVWRDQ\RWKHUQXPEHUH[FHSW
WKHRQHSURJUDPPHGLQKHUH
)$;PRGH &KRRVH)RUFH7RU3DVVWKURXJK*X
<RXFDQSOXJDID[PDFKLQHLQWRHLWKHU
SKRQHSRUWDQGVHQGRUUHFHLYHID[HV
1RWH7KLVGHSHQGVXSRQID[FRPSDWLELOLW\
ZLWK\RXU9R,3VHUYLFHSURYLGHU
'LIIHUHQWLDWLQJ36719R,3
5LQJ7RQH
:KHQWKHUHLVDQLQFRPLQJFDOO\RXFDQVHW
WKHULQJWRQH\RXKHDUWROHW\RXNQRZWKLV
FDOOLVFRPLQJIURP3671RU9R,3
'LIIHUHQWLDWLQJ36719R,3
'LDO7RQH
:KHQ\RXWDNH\RXU9R,3SKRQHRIIKRRN
\RXFDQVHWWKHWRQHVRXQG\RXKHDUWROHW
\RXNQRZ\RXKDYHVHOHFWHGD9R,3OLQH,WLV
DGYLVHGWRKDYHGLIIHUHQWVRXQGLQJWRQHZLWK
WKHQRUPDO3671WRQHDV\RXWKHQNQRZ
\RXU9R,3DFFRXQWLVDFWLYHDQGFRQQHFWHG
DQG\RXZLOOQRWPDNHH[SHQVLYHFDOOVRQ
\RXUQRUPDO3671DFFRXQWLI\RXU9R,3
DFFRXQWLVLQDFWLYHIRUZKDWHYHUUHDVRQ
(QDEOH7UXVWHG,3IRU6,3
VHUYHUV
'HIDXOWLVGLVDEOHG
(QDEOH3KRQH&DOO:DLWLQJ
$OORZV\RXWRKHDUDQRWKHULQFRPLQJFDOO
ZKLOVW\RXDUHRQWKHSKRQHLIFDOOZDLWLQJLV
HQDEOHGRQDOLQHDQG\RXKHDUWKHFDOO
ZDLWLQJWRQHGXULQJDFDOOSUHVVIODVKWR
DQVZHUWKHVHFRQGFDOO7KHILUVWFDOOLV
DXWRPDWLFDOO\SODFHGRQKROG7RVZLWFK
EHWZHHQFDOOVSUHVVIODVKDJDLQ
3KRQH&DOO)RUZDUG)HDWXUH $OORZVIRUWKHFUHDWLRQRIDVLPSOHOLQH
URWDU\SKRQHV\VWHPHTXLYDOHQW,I\RXKDYH
[9R,3OLQHVDQG\RXRQO\ZDQWWRSXEOLVK
SKRQHQXPEHUWKHQ\RXVKRXOGVHWWKH
PDLQ92,3QXPEHUWR3KRQHDQGFUHDWHD
&DOO)RUZDUG7\SHUXOHWR:KHQ%XV\RU1R
$QVZHUDQGW\SHLQWKH
QG
9R,3QXPEHULQWR
WKH&DOO)RUZDUG3KRQH1XPEHUILHOG
LQFOXGHWKH67'FRGH
<RXZRXOGQRUPDOO\GLVDEOH&DOO:DLWLQJDW
OHDVWRQ3KRQHVRWKDWDOO\RXULQFRPLQJ
FDOOVWR3KRQH)RUZDUGWR3KRQHZKHQ

\RXDUHRQ3KRQH3OHDVHQRWHWKDW\RX
PD\QRWEHDEOHWR&DOO)RUZDUGIURP/LQH
WR/LQHDQGWKHQLI/LQHLVDOVREXV\WR
&DOO)RUZDUGWRD
UG
SDUW\QXPEHUHYHQLI
\RXKDYHFRUUHFWO\VHWXSDUXOHIRU&DOO
)RUZDUGRQ/LQH6XFFHVVRIWKLVRSHUDWLRQ
GHSHQGVRQ\RXU9R,36HUYLFH3URYLGHU¶V
QHWZRUNDELOLW\
6LJQDOLQJ4R67KHIXQFWLRQVHWFUHDWHVDWUDIILFFODVVUXOH
WRFODVVLI\WKH9R,36,3XSVWUHDPWUDIILF
DVVLJQTXHXLQJSULRULW\DQGRSWLRQDOO\
RYHUZULWHWKH,3KHDGHU726E\WH
(QDEOH'LIIHUHQWLDWHG6HUYLFH
&RQILJXUDWLRQ
:KHQHQDEOHG$VVLJQ'LIIHUHQWLDWHG6HUYLFH
&RGH3RLQW'6&30DUNZLOOEHGLVSOD\HG
:KHQGLVDEOHGPDUNWKHSULRULW\DQGW\SHRI
,3VHUYLFHIRUDOO6,3XSVWUHDPWUDIILF
$VVLJQ'LIIHUHQWLDWHG6HUYLFHV
&RGH3RLQW'6&30DUN
7KHVHOHFWHG&RGH3RLQWJLYHVWKH
FRUUHVSRQGLQJSULRULW\WRWKHSDFNHWVWKDW
VDWLVILHVWKHUXOHVVHWEHORZ
0HGLD4RV7KHIXQFWLRQVHWFUHDWHVDWUDIILFFODVVUXOH
WRFODVVLI\WKH9R,3573XSVWUHDPWUDIILF
DVVLJQTXHXLQJSULRULW\DQGRSWLRQDOO\
RYHUZULWHWKH,3KHDGHU726E\WH
(QDEOH'LIIHUHQWLDWHG6HUYLFH
&RQILJXUDWLRQ
:KHQHQDEOHG$VVLJQ'LIIHUHQWLDWHG6HUYLFH
&RGH3RLQW'6&30DUNZLOOEHGLVSOD\HG
:KHQGLVDEOHGPDUNWKHSULRULW\DQGW\SHRI
,3VHUYLFHIRUDOO573XSVWUHDPWUDIILF
$VVLJQ'LIIHUHQWLDWHG6HUYLFHV
&RGH3RLQW'6&30DUN
7KHVHOHFWHG&RGH3RLQWJLYHVWKH
FRUUHVSRQGLQJSULRULW\WRWKHSDFNHWVWKDW
VDWLVILHVWKHUXOHVVHWEHORZ

'LDO3ODQ
:LWKWKLVIXQFWLRQ\RXFDQPRGLI\WKHWUDQVODWLRQUXOHVIRUSKRQHQXPEHUV7KLV
LVFDQEHGRQHE\HVWDEOLVKLQJ,QFRPLQJDQG2XWJRLQJUXOHVZKLOHWKH
$GYDQFHVFUHHQSURYLGHVIRUHYHQJUHDWHUFXVWRPL]DWLRQ
$OOWKUHHVFUHHQVDUHVLPLODULQGHVLJQDVFDQEHVHHQLQWKHILJXUHVEHORZ
2XWJRLQJ

,QFRPLQJ
$GYDQFH
(DFKVFUHHQKDVWKHVDPHIRXUEXWWRQVDWWRS
$GG
&OLFNWKLVEXWWRQWRJRWRWKHDGGUXOHVFUHHQ)ROORZWKHGHWDLOHGLQVWUXFWLRQV
JLYHQWKHUH$IWHUFRPSOHWLQJWKHIRUPFOLFN$SSO\WRDGGDQHZGLDOSODQUXOH
5HPRYH
6HOHFWWKHGLDOSODQUXOH\RXZLVKWRGHOHWHDQGFOLFNWKH5HPRYHEXWWRQ

0RGLI\
6HOHFWDGLDOSODQUXOHDQGFOLFNWKLVEXWWRQWRJRWRWKHPRGLI\UXOHVFUHHQ)ROORZ
WKHGHWDLOHGLQVWUXFWLRQVJLYHQWKHUH$IWHUDGMXVWLQJWKHYDOXHVLQWKHIRUPFOLFN
$SSO\WRFKDQJHWKHGLDOSODQUXOH
$SSO\6DYH
8VHWKLVEXWWRQWRVDYHDQGDSSO\DQHZ'LDO3ODQFRQILJXUDWLRQ
&21),*85$7,213$5$0(7(56
7KHIROORZLQJWDEOHRISDUDPHWHUVLVLQFOXGHGIRU\RXUUHIHUHQFH)RUPRUH
GHWDLOHGLQVWUXFWLRQVFRQVXOWWKH$GG0RGLI\UXOHVFRQILJXUDWLRQVFUHHQV
(;$03/(
:HZLOOXVHWKH$GYDQFHGFRQILJXUDWLRQRSWLRQIRURXUH[DPSOH7REHJLQVHOHFW
$GYDQFHGIURPWKH'LDO3ODQPHQX7KHXVHULQWHUIDFHVKRXOGGLVSOD\DVEHORZ
&OLFNWKH$GGEXWWRQWRJRWRWKH$GYDQFHUXOHDGGVFUHHQVKRZQEHORZ
,QGH[ 8VHWKLVUDGLREXWWRQWRVHOHFWDUXOHIRUPRGLILFDWLRQRUUHPRYDO
3ULRULW\ $OOWKHUXOHVZLOOEHDSSOLHGLQRUGHUDFFRUGLQJWRWKHLUSULRULW\
7KLVILHOGFDQEHVHWWRDQ\QXPEHUEHWZHHQDQGZLWK
ORZHUYDOXHVLQGLFDWLQJKLJKHUSULRULW\
3UHIL[ 3UHIL[GLJLWVHTXHQFHV\QWD[
'HVWLQDWLRQ 9R,3RU3671
0LQLGLJLW 7KHPLQLPXPQXPEHURISUHIL[GLJLWV
0D[GLJLW 7KHPD[LPXPQXPEHURIGLJLWV
'HOHWHGLJLW 7KHQXPEHURISUHIL[GLJLWVWRGHOHWH
,QVHUWGLJLW 7KHSUHIL[GLJLWVWRLQVHUW
$FWLRQ $OORZRU'HQ\WKHDFWLRQ

)RUWKLVH[DPSOHDVVXPHWKDWWKHGHYLFHQHHGVWRFRQYHUWWKHIROORZLQJGLJLW
GLDOVHTXHQFH³[[[[[[[[´LQWR³[[[[[[[[´ZKHUH³[´LVDQ\QXPEHU
+HUHDUHWKHVWHSVLQYROYHG
6WHS(QWHUDQ\QXPEHUEHWZHHQDQGLQWKH3ULRULW\ILHOG
6WHS,QWKHSUHIL[ILHOGHQWHU³´
6WHS(QWHU³´LQWKH0LQGLJLWILHOGWROLPLWWKHSUHIL[PLQLPXPWRGLJLWV
6WHS(QWHU³´RUJUHDWHUDVWKH0D['LJLWYDOXHWRDFFHSWDOOGLJLWVRI
WKHGLDOVHTXHQFH
6WHS,QWKH'HOHWH'LJLWILHOGHQWHU³´WRGHOHWHWKH³´SUHIL[
6WHS(QWHU³´LQWKH,QVHUW'LJLWILHOGWRDGG³´DVWKHSUHIL[
6WHS&OLFNWKH$SSO\EXWWRQWRUHWXUQWRWKH$GYDQFHFRQILJXUDWLRQVFUHHQ
6WHS&OLFN$SSO\6DYHWRDSSO\WKLVUXOHWRDOORXWJRLQJFDOOV
127(7KLVSUHIL[VZDSH[DPSOHLVHVSHFLDOO\KHOSIXOIRUFRUSRUDWH
HQYLURQPHQWVZKHUHWKHGHYLFHLVGLDOLQJWKURXJKD3%;V\VWHP
7KH'LDO3ODQIXQFWLRQLVGHVLJQHGIRUPD[LPXPIOH[LELOLW\IRU\RXUSDUWLFXODU
HQYLURQPHQW,I\RXKDYHDTXHVWLRQFRQWDFW\RXU,63IRUGHWDLOHGLQVWUXFWLRQV

7HOHSKRQH&DOOV
7RPDNHDFDOOVLPSO\GLDOWKHQXPEHU7KHGLDOSODQLHWKHGLDOHGGLJLWVLV
QRUPDOO\FXVWRPL]HGIRUHDFKLQVWDOODWLRQ7KHGHIDXOWGLDOSODQGHOLYHUHGE\
&RPWUHQGDOORZVGLDOLQJRIGLJLWH[WHQVLRQVRUGLUHFW,3DGGUHVVHV6KRUWHU
H[WHQVLRQQXPEHUVHJGLJLWVFDQEHGLDOHGE\FRPSOHWLQJWKHGLDOVWULQJZLWK
DILQDO
:KHQD&DOO6HUYHU6,33UR[\6HUYHULVFRQILJXUHGLQWRWKHV\VWHPWKHGLDOHG
GLJLWVDUHWUDQVODWHGDQGURXWHGE\WKH&DOO6HUYHUWRWKHFRUUHFWGHVWLQDWLRQDV
UHJLVWHUHGZLWKWKH&DOO6HUYHU
,IQR&DOO6HUYHULVFRQILJXUHGFDOOVFDQVWLOOEHPDGHXVLQJGLJLWH[WHQVLRQV
UDWKHUWKDQXVLQJIXOO,3DGGUHVVHV7KHRULJLQDWRUWUDQVODWHVWKHGLDOHGGLJLWVWRD
GHVWLQDWLRQGHYLFHDVIROORZV
 )LUVW'LJLW/LQHLGHQWLILHUIRUPXOWLOLQHJDWHZD\V
5HPDLQLQJGLJLWV+RVWQXPEHUSDUWRIDQ,3DGGUHVV7KH1HWZRUNQXPEHUSDUWLV
FRQVLGHUHGWREHWKHVDPHDVWKHFDOOHU¶V,3DGGUHVV
)RUH[DPSOHLIDFDOOHUDWDGGUHVVGLDOV³´WKHFDOOZLOOEH
SODFHGWRWKHVHFRQGOLQHDWDGGUHVV$OOGHYLFHVKDYHWREHRQWKH
VDPH&ODVV&VXEQHWELWVXEQHWPDVN
7RGLDODQ,3DGGUHVVGLUHFWO\GLDOWKH,3DGGUHVVGLJLWVXVLQJNH\SDGDVWKHGRW
&RPSOHWHWKHDGGUHVVZLWKDILQDORU:KHQXVLQJ,3DGGUHVVGLDOLQJLWLVQRW
SRVVLEOHWRVSHFLI\ZKLFKOLQHDWDJDWHZD\LVFDOOHGVRWKHJDWHZD\DOZD\VURXWHV
,3DGGUHVVGLDOHGFDOOVWRWKHILUVWOLQH
1HWZRUNEXV\WRQHIDVWEXV\ZLOOEHSOD\HGIRUXQNQRZQRUXQUHDFKDEOH
GHVWLQDWLRQV7RDQVZHUDFDOOSLFNXSWKHSKRQHRUSUHVVWKHKDQGVIUHHEXWWRQ
&DOOHU,'
7KH&DOO0DQDJHUGHOLYHUV&DOOLQJ1XPEHUZKHQSODFLQJFDOOV7KHFDOOLQJQXPEHU
LVWUDQVPLWWHGWRWKHDQDORJOLQHIRU&/$66UHFRJQLWLRQ
&DOO+ROG
7RSXWDFDOORQKROGSUHVVIODVKWKHQKDQJXSRSWLRQDO7RUHWXUQWRWKHRULJLQDO
FDOOSUHVVIODVKRUSLFNXSWKHSKRQH7KHSKRQHZLOOLVVXHDVKRUWULQJEXUVW
HYHU\VHFRQGVRUVRZKLOHRQKRRNWRUHPLQG\RXWKDWDFDOOLVRQKROG
&DOO7UDQVIHU
x7RWUD QV IHUDFDOOSUHVVIODVKWKHQGLDOWKHQHZQXPEHU
x7RWUD QV IHULPPHGLDWHO\KDQJXSEOLQGWUDQVIHU
x7RWUD QV IHUZLWKFRQVXOWDWLRQZDLWIRUWKHSDUW\WRDQVZHUFRQVXOWDQG
KDQJXS
x7RDERUWWKHWUDQVIHULIWKHWKLUGSDUW\GRHVQRWDQVZHUSUHVVIODVKWR
UHWXUQWRWKHRULJLQDOFDOO

&RQIHUHQFH&DOOLQJ
7RWXUQDWZRSDUW\FDOOLQWRDWKUHHSDUW\FRQIHUHQFHFDOOSUHVVIODVKDQGGLDOWKH
WKLUGSDUW\:DLWIRUWKHSDUW\WRDQVZHUWKHQSUHVVIODVK
7RGURSWKHWKLUGSDUW\DQGUHWXUQWRDWZRSDUW\FDOOSUHVVIODVKDJDLQ7RGURS
\RXUVHOIRXWRIWKHFRQIHUHQFHKDQJXS7KHFDOOZLOOEHWUDQVIHUUHGVRWKDWWKH
RWKHUWZRSDUWLHVUHPDLQFRQQHFWHGWRHDFKRWKHU,QFRQIHUHQFHPRGHWKH
FRQIHUHQFHLQLWLDWRUSHUIRUPVWKHDXGLREULGJHPL[LQJIXQFWLRQ±WKHUHDUHRQO\
WZRYRLFHVWUHDPVHVWDEOLVKHG
&DOO:DLWLQJ
,IFDOOZDLWLQJLVHQDEOHGRQDOLQHDQG\RXKHDUWKHFDOOZDLWLQJWRQHGXULQJDFDOO
SUHVVIODVKWRDQVZHUWKHVHFRQGFDOO7KHILUVWFDOOLVDXWRPDWLFDOO\SODFHGRQKROG
7RVZLWFKEHWZHHQFDOOVSUHVVIODVKDJDLQ
x7RGLVDEOHWKHFDOOZDLWLQJIHDWXUHGLDO
x7RH QD EOH WK HFDOOZDLWLQJIHDWXUHGLDO
&DOOIRUZDUGIHDWXUHVHWWLQJV%XV\RU$OOWDNHVSULRULW\RYHUWKHFDOOZDLWLQJ
IHDWXUH7KHFDOOZDLWLQJIHDWXUHLVLJQRUHGRQQHZLQFRPLQJFDOOVLIWKHUHLV
DOUHDG\DFDOORQKROGRULQFRQIHUHQFH
&DOO)RUZDUG1XPEHU
x7RVHWWKHFDOOIRUZDUGQXPEHUGLDOWKHQWKHQXPEHU1RWHWKDWWKLV
GRHVQRWDFWXDOO\HQDEOHIRUZDUGLQJWRGRVRVHOHFWWKHFDOOIRUZDUG
DFWLRQDVGHVFULEHGEHORZ
x7RGLVDEOHDOOFDOOIRUZDUGLQJIHDWXUHVGLDO
&DOO)RUZDUG1R$QVZHU
x7RH QD EOH FDOOIRUZDUGRQQRDQVZHUGLDO,QFRPLQJFDOOVZLOOEH
IRUZDUGLIXQDQVZHUHGIRUVHFRQGV
&DOO)RUZDUG%XV\
x7RH QD EOH FDOOIRUZDUGLIEXV\GLDO,QFRPLQJFDOOVZLOOEHLPPHGLDWHO\
IRUZDUGHGLIWKHSKRQHLVRIIKRRN
&DOO)RUZDUG$OO
x7RH QD EOH FDOOIRUZDUGIRUDOOFDOOVGLDO
x7RGLVDEOHWKH³IRUZDUGDOOFDOOV´IHDWXUHGLDO
3UHYLRXVVHWWLQJVIRU&DOO)RUZDUG%XV\RU1R$QVZHUDUHQRWPRGLILHG
&DOO5HWXUQ
7R S O DFHDFDOOWRWKHODVWNQRZQLQFRPLQJFDOOHUXQDQVZHUHGRUQRWGLDO
5HGLDO
x7RUHGLDOWKHODVWRXWJRLQJQXPEHUGLDO

&KDSWHU'LDJQRVWLFV
7KH'LDJQRVWLFVPHQXSURYLGHVIHHGEDFNRQWKHFRQQHFWLRQVWDWXVRIWKHGHYLFH
7KHLQGLYLGXDOWHVWVDUHOLVWHGEHORZ,IDWHVWGLVSOD\VDIDLOVWDWXVFOLFN5HUXQ
'LDJQRVWLF7HVWVDWWKHERWWRPRIWKLVSDJHWRPDNHVXUHWKHIDLOVWDWXVLV
FRQVLVWHQW,IWKHWHVWFRQWLQXHVWRIDLOFOLFN+HOSDQGIROORZWKHWURXEOHVKRRWLQJ
SURFHGXUHV
7HVW'HVFULSWLRQ
/$1&RQQHFWLRQ 3DVV,QGLFDWHVWKDWWKH(WKHUQHWLQWHUIDFHIURP\RXU
FRPSXWHULVFRQQHFWHGWRWKH/$1SRUWRIWKLVGHYLFH
)DLO,QGLFDWHVWKDWWKHGHYLFHGRHVQRWGHWHFWWKH(WKHUQHW
LQWHUIDFHIURP\RXUFRPSXWHU
:$1FRQQHFWLRQ
3DVV,QGLFDWHVWKDWWKH:$1LQWHUIDFHIURPWKHPRGHP
$'6/FDEOHLVFRQQHFWHGWRWKH:$1SRUWRIWKLVGHYLFH
)DLO,QGLFDWHVWKDWWKHGHYLFHGRHVQRWGHWHFWWKH:$1
LQWHUIDFHIURPWKHPRGHP$'6/FDEOH
:LUHOHVVFRQQHFWLRQ 3DVV,QGLFDWHVWKDWWKH:LUHOHVVLQWHUIDFHIURP\RXU
FRPSXWHULVFRQQHFWHGWRWKHZLUHOHVVQHWZRUN
'RZQ,QGLFDWHVWKDWWKHGHYLFHGRHVQRWGHWHFWWKH
ZLUHOHVVQHWZRUN
3LQJ'HIDXOW*DWHZD\
3DVV,QGLFDWHVWKDWWKHGHYLFHFDQFRPPXQLFDWHZLWKWKH
ILUVWHQWU\SRLQWWRWKHQHWZRUN,WLVXVXDOO\WKH,3DGGUHVV
RIWKH,63ORFDOURXWHU
)DLO,QGLFDWHVWKDWWKHGHYLFHZDVXQDEOHWRFRPPXQLFDWH
ZLWKWKHILUVWHQWU\SRLQWRQWKHQHWZRUN,WPD\QRWKDYH
DQHIIHFWRQ\RXU,QWHUQHWFRQQHFWLYLW\7KHUHIRUHLIWKLVWHVW
IDLOVEXW\RXDUHVWLOODEOHWRDFFHVVWKH,QWHUQHWWKHUHLVQR
QHHGWRWURXEOHVKRRWWKLVLVVXH

7HVW'HVFULSWLRQ
3LQJ3ULPDU\'RPDLQ
1DPH6HUYHU 3DVV,QGLFDWHVWKDWWKHGHYLFHFDQFRPPXQLFDWHZLWKWKH
SULPDU\'RPDLQ1DPH6HUYHU'16
)DLO,QGLFDWHVWKDWWKHGHYLFHZDVXQDEOHWRFRPPXQLFDWH
ZLWKWKHSULPDU\'RPDLQ1DPH6HUYHU'16,WPD\QRW
KDYHDQHIIHFWRQ\RXU,QWHUQHWFRQQHFWLYLW\7KHUHIRUHLI
WKLVWHVWIDLOVEXW\RXDUHVWLOODEOHWRDFFHVVWKH,QWHUQHW
WKHUHLVQRQHHGWRWURXEOHVKRRWWKLVLVVXH

&KDSWHU0DQDJHPHQW
7KH0DQDJHPHQWVHFWLRQRIWKHGHYLFHVXSSRUWVWKHIROORZLQJPDLQWHQDQFH
IXQFWLRQVDQGSURFHVVHV
x6HWWLQJV
x6\VWHPORJ
x6103$JHQW
x,QWHUQHW7LPH
x$FFHVV&RQWURO
x8SGDWHVRIWZDUH
x6DYH5HERRW
6HWWLQJV
7KH6HWWLQJVVFUHHQDOORZVIRUWKHEDFNXSUHWULHYDODQGUHVWRUDWLRQRIVHWWLQJV
(DFKRIWKHVHIXQFWLRQVLVDFFHVVHGIURPWKH6HWWLQJVVXEPHQXDQGGHVFULEHGLQ
PRUHGHWDLOLQWKHIROORZLQJGLVFXVVLRQ
 %DFNXS6HWWLQJV
6HOHFW%DFNXSIURPWKH6HWWLQJVVXEPHQXWRDFFHVVWKHVFUHHQVKRZQEHORZ
&OLFNWKH%DFNXS6HWWLQJVEXWWRQWRVDYHWKHFXUUHQWFRQILJXUDWLRQVHWWLQJV
<RXZLOOEHSURPSWHGWRGHILQHWKHORFDWLRQRIDEDFNXSILOHWRVDYHWR\RXU3&



 8SGDWH6HWWLQJV
6HOHFW8SGDWHIURPWKH6HWWLQJVVXEPHQXWRDFFHVVWKHVFUHHQVKRZQEHORZ
(QWHUDSUHYLRXVO\VDYHGFRQILJXUDWLRQEDFNXSILOHLQWKH6HWWLQJV)LOH1DPH
ILHOGDQGFOLFNWKH8SGDWH6HWWLQJVEXWWRQWRORDGLW,I\RXIRUJHWWKHILOHQDPH
DQGSDWK\RXFDQVHDUFK\RXU3&E\FOLFNLQJRQWKH%URZVHEXWWRQ

 5HVWRUH'HIDXOW
6HOHFW5HVWRUH'HIDXOWIURPWKH6HWWLQJVVXEPHQXWRDFFHVVWKHVFUHHQVKRZQ
EHORZ&OLFNWKH5HVWRUH'HIDXOW6HWWLQJVEXWWRQWRUHVWRUHWKHGHYLFHWRWKH
GHIDXOWILUPZDUHVHWWLQJV5HVWRULQJV\VWHPVHWWLQJVUHTXLUHDGHYLFHUHERRW
7KHGHIDXOWVHWWLQJVFDQEHIRXQGLQVHFWLRQ'HIDXOW6HWWLQJV
$IWHUWKH5HVWRUH'HIDXOW&RQILJXUDWLRQEXWWRQLVVHOHFWHGWKHIROORZLQJVFUHHQ
DSSHDUV&ORVHWKHGHYLFH&RQILJXUDWLRQZLQGRZDQGZDLWIRUPLQXWHVEHIRUH
UHRSHQLQJ\RXUZHEEURZVHU,IQHFHVVDU\UHFRQILJXUH\RXU3&V,3DGGUHVVWR
PDWFK\RXUQHZFRQILJXUDWLRQ
$IWHUDVXFFHVVIXOUHERRWWKHEURZVHUZLOOUHWXUQWRWKH'HYLFH,QIRVFUHHQ,I
WKHEURZVHUGRHVQRWUHIUHVKWRWKHGHIDXOWSDJHFORVHDQGUHVWDUWWKHEURZVHU
127( 7KH5HVWRUH'HIDXOWIXQFWLRQKDVWKHVDPHHIIHFWDVWKHUHVHWEXWWRQ
7KHGHYLFHERDUGKDUGZDUHDQGWKHERRWORDGHUVXSSRUWWKHUHVHWWR
GHIDXOWEXWWRQ,IWKHUHVHWEXWWRQLVFRQWLQXRXVO\SXVKHGIRUPRUH
WKDQVHFRQGVDQGQRWPRUHWKDQVHFRQGVWKHERRWORDGHUZLOO
HUDVHWKHFRQILJXUDWLRQVHWWLQJVVDYHGRQIODVKPHPRU\

6\VWHP/RJ
7KH6\VWHP/RJRSWLRQXQGHU0DQDJHPHQWDOORZVIRUWKHYLHZLQJRIV\VWHP
HYHQWVDQGFRQILJXUDWLRQRIUHODWHGRSWLRQV7KHGHIDXOWVHWWLQJIRUWKH6\VWHP
/RJLVHQDEOHG)ROORZWKHVWHSVEHORZWRHQDEOHDQGYLHZWKH6\VWHP/RJ
67(3&OLFN&RQILJXUH6\VWHP/RJWRFRQWLQXH
6WHS 6HOHFWIURPWKHGHVLUHGV\VWHPORJRSWLRQVVHHWDEOHEHORZDQGWKHQ
FOLFN6DYH$SSO\

2SWLRQ'HVFULSWLRQ
/RJ ,QGLFDWHVZKHWKHUWKHV\VWHPLVFXUUHQWO\UHFRUGLQ
J
HYHQWV7KHXVHUFDQ
HQDEOHRUGLVDEOHHYHQWORJJLQJ%\GHIDXOWLWLVGLVDEOHG7RHQDEOHLW
FOLFN(QDEOHDQGWKHQ$SSO\EXWWRQ
/RJ
OHYHO
$OORZV\RXWRFRQILJXUHWKHHYHQWOHYHODQGILOWHURXWXQZDQWHGHYHQWV
EHORZWKLVOHYHO7KHHYHQWVUDQJLQJIURPWKHKLJKHVWFULWLFDOOHYHO
³(PHUJHQF\´GRZQWRWKLVFRQILJXUHGOHYHOZLOOEHUHFRUGHGWRWKHORJ
EXIIHURQWKH&7&6'5$0:KHQWKHORJEXIIHULVIXOOWKHQHZHU
HYHQWZLOOZUDSXSWRWKHWRSRIWKHORJEXIIHUDQGRYHUZULWHWKHROG
HYHQW%\GHIDXOWWKHORJOHYHOLV³'HEXJJLQJ´ZKLFKLVWKHORZHVW
FULWLFDOOHYHO7KHIROORZLQJORJOHYHOVDUH
(PHUJHQF\LVWKHPRVWVHULRXVHYHQWOHYHOZKHUHDV'HEXJJLQJLVWKH
OHDVWLPSRUWDQW)RULQVWDQFHLIWKHORJOHYHOLVVHWWR'HEXJJLQJDOOWKH
HYHQWVIURPWKHORZHVW'HEXJJLQJOHYHOWRWKHPRVWFULWLFDOOHYHO
(PHUJHQF\OHYHOZLOOEHUHFRUGHG,IWKHORJOHYHOLVVHWWR(UURURQO\
(UURUDQGWKHOHYHODERYHZLOOEHORJJHG
'LVSOD\
/HYHO
$OORZVWKHXVHUWRVHOHFWWKHORJJHGHYHQWVDQGGLVSOD\VRQWKH9LHZ
6\VWHP/RJSDJHIRUHYHQWVRIWKLVOHYHODQGDERYHWRWKHKLJKHVW
(PHUJHQF\OHYHO

x(PHUJHQF\ V\VWHPLVXQVWDEOH
x$OHUW DFWLRQPXVWEHWDNHQLPPHGLDWHO\
x&ULWLFDO FULWLFDOFRQGLWLRQV
x(UURU(UURUFRQGLWLRQV
x:DUQLQJ QRUPDOEXWVLJQLILFDQWFRQGLWLRQ
x1RWLFH
x,QIRUPDWLRQDO
x'HEXJJLQJ GHEXJOHYHOPHVVDJHV

2SWLRQ'HVFULSWLRQ
0RGH $OORZV\RXWRVSHFLI\ZKHWKHUHYHQWVVKRXOGEHVWRUHGLQWKHORFDO
PHPRU\RUEHVHQWWRDUHPRWHV\VORJVHUYHURUERWKVLPXOWDQHRXVO\
,IUHPRWHPRGHLVVHOHFWHGYLHZV\VWHPORJZLOOQRWEHDEOHWRGLVSOD\
HYHQWVVDYHGLQWKHUHPRWHV\VORJVHUYHU
:KHQHLWKHU5HPRWHPRGHRU%RWKPRGHLVFRQILJXUHGWKH:(%8,ZLOO
SURPSWWKHXVHUWRHQWHUWKH6HUYHU,3DGGUHVVDQG6HUYHU8'3SRUW
&OLFN9LHZ6\VWHP/RJ7KHUHVXOWVDUHGLVSOD\HGLQDVIROORZV

6103$JHQW
6LPSOH1HWZRUN0DQDJHPHQW3URWRFRO6103DOORZVDPDQDJHPHQWDSSOLFDWLRQ
WRUHWULHYHVWDWLVWLFVDQGVWDWXVIURPWKH6103DJHQWLQWKLVGHYLFH
6HOHFWWKHGHVLUHGYDOXHVDQGFOLFN6DYH$SSO\WRFRQILJXUHWKH6103RSWLRQV

,QWHUQHW7LPH
127( ,QWHUQHW7LPHPXVWEHDFWLYDWHGWRXVH3DUHQWDO&RQWUROVHFWLRQ
7KH,QWHUQHW7LPHRSWLRQXQGHUWKH0DQDJHPHQWVXEPHQXFRQILJXUHVWKHWLPH
VHWWLQJVRIWKHGHYLFH7RDXWRPDWLFDOO\V\QFKURQL]HZLWK,QWHUQHWWLPHVHUYHUV
WLFNWKHFRUUHVSRQGLQJER[GLVSOD\HGRQWKLVVFUHHQWKHQFOLFN6DYH$SSO\
2QWKHVFUHHQEHORZFKRRVH\RXU7LPH=RQHDQGFOLFN6DYH$SSO\WRFRQWLQXH
)LHOG'HVFULSWLRQV
)LUVW173WLPHVHUYHU6HOHFW\RXUUHTXLUHGVHUYHU
6HFRQG173WLPHVHUYHU6HOHFWVHFRQGWLPHVHUYHULIUHTXLUHG
7LPH]RQHRIIVHW6HOHFW\RXUORFDOWLPH]RQH

$FFHVV&RQWURO
7KH$FFHVV&RQWURORSWLRQXQGHU0DQDJHPHQWPHQXEDUFRQILJXUHVDFFHVVUHODWHG
SDUDPHWHUVLQWKUHHDUHDV6HUYLFHV,3$GGUHVVHVDQG3DVVZRUGV8VH$FFHVV
&RQWUROWRFRQWUROORFDODQGUHPRWHPDQDJHPHQWVHWWLQJVIRUWKHGHYLFH
 6HUYLFHV
7KH6HUYLFHVRSWLRQOLPLWVRURSHQVWKHDFFHVVVHUYLFHVRYHUWKH/$1RU:$1
7KHVHDFFHVVVHUYLFHVDUHDYDLODEOH)73+773,&0366+7(/1(7DQG7)73
(QDEOHDVHUYLFHE\WLFNLQJLWVFKHFNER[&OLFN6DYH$SSO\WRFRQWLQXH

 ,3$GGUHVVHV
7KH,3$GGUHVVHVRSWLRQOLPLWVORFDODFFHVVE\,3DGGUHVV:KHQWKH$FFHVV
&RQWURO0RGHLVHQDEOHGRQO\WKH,3DGGUHVVHVOLVWHGKHUHFDQDFFHVVWKHGHYLFH
%HIRUHHQDEOLQJ$FFHVV&RQWURO0RGHDGG,3DGGUHVVHVZLWKWKH$GGEXWWRQ
2QWKLVVFUHHQHQWHUWKH,3DGGUHVVRIDORFDO3&ZKLFK\RXZLVKWRJLYH
PDQDJHPHQWSHUPLVVLRQV&OLFN6DYH$SSO\WRFRQWLQXH

 3DVVZRUGV
7KH3DVVZRUGVRSWLRQFRQILJXUHVWKHXVHUDFFRXQWDFFHVVSDVVZRUGVIRUWKH
GHYLFH$FFHVVWRWKHGHYLFHLVOLPLWHGWRWKHIROORZLQJWKUHHXVHUDFFRXQWV
xURRWLVWREHXVHGIRUORFDOXQUHVWULFWHGDFFHVVFRQWURO
xVXSSRUWLVWREHXVHGIRUUHPRWHPDLQWHQDQFHRIWKHGHYLFH
xXVHULVWREHXVHGWRYLHZLQIRUPDWLRQDQGXSGDWHGHYLFHILUPZDUH
127('HIDXOWDFFRXQWSDVVZRUGVFDQEHIRXQGLQVHFWLRQ'HIDXOW6HWWLQJV
8VHWKHILHOGVLQWKHVFUHHQEHORZWRVHOHFWDXVHUQDPHDQGFKDQJHLWVSDVVZRUG
3DVVZRUGVPXVWEHFKDUDFWHUVRUOHVV&OLFN6DYH$SSO\WRFRQWLQXH

8SGDWH6RIWZDUH
7KH8SGDWH6RIWZDUHVFUHHQDOORZVIRUILUPZDUHXSGDWHV0DQXDOGHYLFH
XSJUDGHVIURPDORFDOO\VWRUHGILOHFDQEHSHUIRUPHGXVLQJWKHIROORZLQJVFUHHQ
6WHS2EWDLQDQXSGDWHGVRIWZDUHLPDJHILOHIURP\RXU,63
6WHS (QWHUWKHSDWKDQGILOHQDPHRIWKHILUPZDUHLPDJHILOHLQWKH6RIWZDUH
)LOH1DPHILHOGRUFOLFNWKH%URZVHEXWWRQWRORFDWHWKHLPDJHILOH
6WHS &OLFNWKH8SGDWH6RIWZDUHEXWWRQRQFHWRXSORDGDQGLQVWDOOWKHILOH
127( 7KHXSGDWHSURFHVVZLOOWDNHDERXWPLQXWHVWRFRPSOHWH7KHGHYLFH
ZLOOUHERRWDQGWKHEURZVHUZLQGRZZLOOUHIUHVKWRWKHGHIDXOWVFUHHQ
XSRQVXFFHVVIXOLQVWDOODWLRQ
 ,WLVUHFRPPHQGHGWKDW\RXFRPSDUHWKH6RIWZDUH9HUVLRQDWWKHWRS
RIWKH'HYLFH,QIR6XPPDU\VFUHHQVHHVFUHHQVKRWEHORZZLWKWKH
ILUPZDUHYHUVLRQLQVWDOOHGWRFRQILUPWKHLQVWDOODWLRQZDVVXFFHVVIXO

6DYHDQG5HERRW
7KH6DYH5HERRWRSWLRQVDYHVWKHFXUUHQWFRQILJXUDWLRQDQGUHERRWVWKHGHYLFH
&ORVH\RXUEURZVHUZDLWDERXWPLQXWHVDQGWKHQUHVWDUWWKHZHEXVHULQWHUIDFH
127( ,WPD\EHQHFHVVDU\WRUHFRQILJXUH\RXU7&3,3VHWWLQJVWRDGMXVWIRU
WKHQHZFRQILJXUDWLRQ)RUH[DPSOHLI\RXGLVDEOHWKH'+&3VHUYHU
\RXZLOOQHHGWRDSSO\6WDWLF,3VHWWLQJV,QWKLVFDVHVHHVHFWLRQ
7&3,36HWWLQJVIRUGHWDLOHGLQVWUXFWLRQV
127(,I\RXORVHDOODFFHVVWRWKHZHEXVHULQWHUIDFHVLPSO\SUHVVWKHUHVHW
EXWWRQRQWKHUHDUSDQHOIRUVHFRQGVWRUHVWRUHWRGHIDXOWVHWWLQJV

$SSHQGL[$)LUHZDOO
6WDWHIXO3DFNHW,QVSHFWLRQ
5HIHUVWRDQDUFKLWHFWXUHZKHUHWKHILUHZDOONHHSVWUDFNRISDFNHWVRQHDFK
FRQQHFWLRQWUDYHUVLQJDOOLWVLQWHUIDFHVDQGPDNHVVXUHWKH\DUHYDOLG7KLVLVLQ
FRQWUDVWWRVWDWLFSDFNHWILOWHULQJZKLFKRQO\H[DPLQHVDSDFNHWEDVHGRQWKH
LQIRUPDWLRQLQWKHSDFNHWKHDGHU
'HQLDORI6HUYLFHDWWDFN
,VDQLQFLGHQWLQZKLFKDXVHURURUJDQL]DWLRQLVGHSULYHGRIWKHVHUYLFHVRID
UHVRXUFHWKH\ZRXOGQRUPDOO\H[SHFWWRKDYH
9DULRXV'R6DWWDFNVWKHGHYLFHFDQZLWKVWDQGDUH$53$WWDFN3LQJ$WWDFN3LQJ
RI'HDWK/DQG6<1$WWDFN6PXUI$WWDFNDQG7HDU'URS
7&3,33RUW,QWHUIDFH)LOWHU
7KHVHUXOHVKHOSLQWKHILOWHULQJRIWUDIILFDWWKH1HWZRUNOD\HULH/D\HU
:KHQD5RXWLQJLQWHUIDFHLVFUHDWHG(QDEOH)LUHZDOOPXVWEHFKHFNHG
1DYLJDWHWR$GYDQFHG6HWXS!6HFXULW\!,3)LOWHULQJ 
2XWJRLQJ,3)LOWHU
+HOSVLQVHWWLQJUXOHVWR'523SDFNHWVIURPWKH/$1LQWHUIDFH%\GHIDXOWLI
)LUHZDOOLV(QDEOHGDOO,3WUDIILFIURP/$1LVDOORZHG%\VHWWLQJXSRQHRUPRUH
ILOWHUVSDUWLFXODUSDFNHWW\SHVFRPLQJIURPWKH/$1FDQEHGURSSHG

)LOWHU1DPH8VHUGHILQHG)LOWHU1DPH

3URWRFRO&DQWDNHRQDQ\YDOXHVIURP7&38'37&38'3RU,&03
6RXUFH,3$GGUHVV6RXUFH6XEQHW0DVN3DFNHWVZLWKWKHSDUWLFXODU
6RXUFH,3$GGUHVV6RXUFH6XEQHW0DVNFRPELQDWLRQZLOOEHGURSSHG
6RXUFH3RUW7KLVFDQWDNHRQHLWKHUDVLQJOHSRUWQXPEHURUDUDQJHRI
SRUWQXPEHUV3DFNHWVKDYLQJDVRXUFHSRUWHTXDOWRWKLVYDOXHRUIDOOLQJ
ZLWKLQWKHUDQJHRISRUWQXPEHUVSRUW;SRUW<ZLOOEHGURSSHG
'HVWLQDWLRQ,3$GGUHVV'HVWLQDWLRQ6XEQHW0DVN3DFNHWVZLWKWKH
SDUWLFXODU'HVWLQDWLRQ,3$GGUHVV'HVWLQDWLRQ6XEQHW0DVNFRPELQDWLRQ
ZLOOEHGURSSHG
'HVWLQDWLRQ3RUW7KLVFDQWDNHRQHLWKHUDVLQJOHSRUWQXPEHURUDUDQJH
RISRUWQXPEHUV3DFNHWVKDYLQJDGHVWLQDWLRQSRUWHTXDOWRWKLVYDOXHRU
IDOOLQJZLWKLQWKHUDQJHRISRUWQXPEHUVSRUW;SRUW<ZLOOEHGURSSHG
([DPSOHV
 )LOWHU1DPH   2XWB)LOWHU
3URWRFRO7&3
6RXUFH$GGUHVV  
6RXUFH6XEQHW0DVN  
6RXUFH3RUW   
 'HVWLQDWLRQ$GGUHVV  1$
'HVWLQDWLRQ6XEQHW0DVN 1$
 'HVWLQDWLRQ3RUW  1$


7KLVILOWHUZLOO'URSDOO7&3SDFNHWVFRPLQJIURP/$1ZLWK,3$GGUHVV6XE
0DVNKDYLQJDVRXUFHSRUWRILUUHVSHFWLYHRIWKH
GHVWLQDWLRQ$OORWKHUSDFNHWVZLOOEH$FFHSWHG
 )LOWHU1DPH   2XWB)LOWHU
3URWRFRO   8'3
6RXUFH$GGUHVV  
6RXUFH6XEQHW0DVN  
6RXUFH3RUW   
 'HVWLQDWLRQ$GGUHVV  
'HVWLQDWLRQ6XEQHW0DVN 
 'HVWLQDWLRQ3RUW  
7KLVILOWHUZLOOGURSDOO8'3SDFNHWVFRPLQJIURP/$1ZLWK,3$GGUHVV
6XEQHW0DVNDQGDVRXUFHSRUWLQWKHUDQJHRIWR
GHVWLQHGWRDQGDGHVWLQDWLRQSRUWLQWKHUDQJHRI
WR
,QFRPLQJ,3)LOWHULQJ
+HOSVLQVHWWLQJUXOHVWR$&&(37SDFNHWVIURPWKH:$1LQWHUIDFH%\GHIDXOW
DOOLQFRPLQJ,3 WUDIILFIURP:$1LV%ORFNHGLIWKH)LUHZDOOLV(QDEOHG%\
VHWWLQJXSRQHRUPRUHILOWHUVSDUWLFXODUSDFNHWW\SHVFRPLQJIURPWKH:$1
FDQEH$FFHSWHG
)LOWHU1DPH8VHUGHILQHG)LOWHU1DPH
3URWRFRO&DQWDNHRQDQ\YDOXHVIURP7&38'37&38'3RU,&03
6RXUFH,3$GGUHVV6RXUFH6XEQHW0DVN3DFNHWVZLWKWKHSDUWLFXODU
6RXUFH,3$GGUHVV6RXUFH6XEQHW0DVNFRPELQDWLRQZLOOEHDFFHSWHG

6RXUFH3RUW7KLVFDQWDNHRQHLWKHUDVLQJOHSRUWQXPEHURUDUDQJHRI
SRUWQXPEHUV3DFNHWVKDYLQJDVRXUFHSRUWHTXDOWRWKLVYDOXHRUIDOOLQJ
ZLWKLQWKHUDQJHRISRUWQXPEHUVSRUW;SRUW<ZLOOEHDFFHSWHG

'HVWLQDWLRQ,3$GGUHVV'HVWLQDWLRQ6XEQHW0DVN3DFNHWVZLWKWKH
SDUWLFXODU'HVWLQDWLRQ,3$GGUHVV'HVWLQDWLRQ6XEQHW0DVNFRPELQDWLRQ
ZLOOEHDFFHSWHG
'HVWLQDWLRQ3RUW7KLVFDQWDNHRQHLWKHUDVLQJOHSRUWQXPEHURUDUDQJH
RISRUWQXPEHUV3DFNHWVKDYLQJDGHVWLQDWLRQSRUWHTXDOWRWKLVYDOXHRU
IDOOLQJZLWKLQWKHUDQJHRISRUWQXPEHUVSRUW;SRUW<ZLOOEHDFFHSWHG
7KH:$1LQWHUIDFHRQZKLFKWKHVHUXOHVDSSO\QHHGVWREHVHOHFWHGE\XVHU
([DPSOHV
 )LOWHU1DPH   ,QB)LOWHU
3URWRFRO7&3
6RXUFH$GGUHVV  
6RXUFH6XEQHW0DVN  
6RXUFH3RUW   
 'HVWLQDWLRQ$GGUHVV  1$
'HVWLQDWLRQ6XE0DVN 1$
 'HVWLQDWLRQ3RUW  1$


6HOHFWHG:$1LQWHUIDFHPHUBBQDVBB

7KLVILOWHUZLOO$&&(37DOO7&3SDFNHWVFRPLQJIURP:$1LQWHUIDFH
PHUBBQDVBBZLWK,3$GGUHVV6XE0DVN
KDYLQJDVRXUFHSRUWRILUUHVSHFWLYHRIWKHGHVWLQDWLRQ$OORWKHU
LQFRPLQJSDFNHWVRQWKLVLQWHUIDFHDUH'5233('
 )LOWHU1DPH   ,QB)LOWHU
3URWRFRO   8'3
6RXUFH$GGUHVV  
6RXUFH6XEQHW0DVN  
6RXUFH3RUW   
 'HVWLQDWLRQ$GGUHVV  
'HVWLQDWLRQ6XEQHW0DVN 
 'HVWLQDWLRQ3RUW  

7KLVUXOHZLOO$&&(37DOO8'3SDFNHWVFRPLQJIURP:$1LQWHUIDFH
PHUBBQDVBBZLWK,3$GGUHVV6XEQHW0DVN
DQGDVRXUFHSRUWLQWKHUDQJHRIWRGHVWLQHGWR
DQGDGHVWLQDWLRQSRUWLQWKHUDQJHRIWR$OO
RWKHULQFRPLQJSDFNHWVRQWKLVLQWHUIDFHDUH'5233('
3DUHQWDO&RQWURO
7KLVIHDWXUHUHVWULFWVDFFHVVRIDVHOHFWHG/$1GHYLFHWRDQRXWVLGH1HWZRUN
WKURXJKWKHURXWHUDVSHUFKRVHQGD\VRIWKHZHHNDQGWKHFKRVHQWLPHV
8VHU1DPH1DPHRIWKH)LOWHU
%URZVHUV0$&$GGUHVV'LVSOD\V0$&DGGUHVVRIWKH/$1GHYLFHRQZKLFK
WKHEURZVHULVUXQQLQJ
2WKHU0$&$GGUHVV,IUHVWULFWLRQVDUHWREHDSSOLHGWRDGHYLFHRWKHUWKDQ
WKHRQHRQZKLFKWKHEURZVHULVUXQQLQJWKH0$&DGGUHVVRIWKDW/$1GHYLFH
LVHQWHUHG

'D\VRIWKH:HHN'D\VRIWKHZHHNZKHQWKHUHVWULFWLRQVDUHDSSOLHG

6WDUW%ORFNLQJ7LPH7KHWLPHZKHQUHVWULFWLRQVRQWKH/$1GHYLFH
DUHSXWLQWRHIIHFW

(QG%ORFNLQJ7LPH7KHWLPHZKHQUHVWULFWLRQVRQWKH/$1GHYLFHDUHOLIWHG
([DPSOH
8VHU1DPH)LOWHU-RKQ
%URZVHUV0$&$GGUHVV
'D\VRIWKH:HHN0RQ:HG)UL
6WDUW%ORFNLQJ7LPH
(QG%ORFNLQJ7LPH

:KHQWKLVUXOHLH)LOWHU-RKQLVHQWHUHGD/$1GHYLFHZLWK0$&$GGUHVVRI
ZLOOEHUHVWULFWHGDFFHVVWRWKHRXWVLGHQHWZRUNRQ
0RQGD\V:HGQHVGD\VDQG)ULGD\VIURPSPWRSP2QDOORWKHUGD\V
DQGWLPHWKLVGHYLFHZLOOKDYHDFFHVVWRWKHRXWVLGH1HWZRUN

$SSHQGL[%3LQ$VVLJQPHQWV
3LQ$VVLJQPHQWVRIWKH5-3RUW
/LQHSRUW5-
3LQ'HILQLWLRQ3LQ'HILQLWLRQ
   $'6/B7,3
   
 $'6/B5,1*  
3LQDVVLJQPHQWVRIWKH/$13RUW
/$13RUW5-
3LQ 'HILQLWLRQ3LQ 'HILQLWLRQ
 7UDQVPLWGDWD  1&
 7UDQVPLWGDWD  5HFHLYHGDWD
 5HFHLYHGDWD  1&
 1&  1&

$SSHQGL[&6SHFLILFDWLRQV
:$1,QWHUIDFH
(WKHUQHW[
/$1,QWHUIDFH
(WKHUQHW[
:/$1
6WDQGDUG ,(((JEDFNZDUGFRPSDWLEOHZLWKE
(QFU\SWLRQ ELW:LUHG(TXLYDOHQW3ULYDF\:(3
&KDQQHOV 86&DQDGD(XURSH-DSDQ
'DWD5DWH 8SWR0ESV
0$&$GGUHVV)LOWHULQJ:(3  :3$,((([
P:#0+]FKDQQHOEDQGZLGWK2XWSXWSRZHUOHYHO
FDQEHVHOHFWHGDFFRUGLQJWRWKHHQYLURQPHQW
$QDORJ,QWHUIDFH
);6[);2[/LIH/LQH
:$1&RQQHFWLRQ
333R(5)&'+&3&OLHQW6WDWLF,3
0DQDJHPHQW
610361737HOQHW:HEEDVHGPDQDJHPHQW&RQILJXUDWLRQEDFNXSDQG
UHVWRUDWLRQ6RIWZDUHXSJUDGHYLD+7737)73FOLHQWDQGVHUYHURU)73
VHUYHU
&HQWUDOL]HGFRQILJXUDWLRQDQGILUPZDUHXSJUDGHYLD$36RSWLRQDO
%ULGJH)XQFWLRQV
7UDQVSDUHQWEULGJLQJDQGOHDUQLQJ ,(((G
,*033UR[\ <HV
,*036QRRSLQJ <HV
5RXWLQJ)XQFWLRQV
6WDWLFURXWH5,3YY1$73$7'0='+&3&OLHQW6HUYHU5HOD\
'163UR[\''16,*03SUR[\$53

6HFXULW\)XQFWLRQV
$XWKHQWLFDWLRQSURWRFROV3$3&+$3
931 3373/73,S6HFSDVVWKURXJK
6WDWHIXO3DFNHW,QVSHFWLRQ3DFNHWILOWHULQJ'HQLDO2I6HUYLFHSURWHFWLRQ
7UDIILF&RQGLWLRQLQJ:)4EDVHG%DQGZLGWK0DQDJHPHQW+773SUR[\
4R6
/SROLF\EDVHG4R6,34R67R6
9RLFH)XQFWLRQV
6,35)&
&RGHF*DX*,/%&
573 5)&
6'35)&
&DOOHU,' (76,EDVHG
/LIHOLQH(PHUJHQF\FDOO <HV
(FKRFDQFHOODWLRQ *
6LOHQFHVXSSUHVVLRQ <HV
7)D[SDVVWKURXJK <HV
'70)5)&LQEDQG
4R6<HV
7R6'6&3ELWWDJJLQJ<HV
'LDO3ODQ <HV
3RZHU([WHUQDOSRZHUDGDSWHU ,QSXW$&9
 2XWSXW'&9$
(QYLURQPHQWDO&RQGLWLRQV
2SHUDWLQJWHPSHUDWXUH aGH
J
UHHV&HOVLXV
5HODWLYHKXPLGLW\ aQRQFRQGHQVLQJ
'LPHQVLRQV
PP:[PP+[PP'
127(6SHFLILFDWLRQVDUHVXEMHFWWRFKDQJHZLWKRXWQRWLFH

$SSHQGL['66+&OLHQW
/LQX[26FRPHVZLWKDQVVKFOLHQW0LFURVRIW:LQGRZVGRHVQRWKDYHVVKFOLHQW
EXWWKHUHLVDSXEOLFGRPDLQRQHFDOOHG³SXWW\´WKDW\RXFDQGRZQORDGKHUH
KWWSZZZFKLDUNJUHHQHQGRUJXNaVJWDWKDPSXWW\GRZQORDGKWPO
7RDFFHVVWKHGHYLFHXVLQJ/LQX[VVKFOLHQW
)URP/$18VHWKHGHYLFH:(%8,WRHQDEOH66+DFFHVVIURP/$1
GHIDXOWLVHQDEOHG
W\SHVVKOURRW
)URP:$1,QWKHGHYLFHXVH:(%8,WRHQDEOH66+DFFHVVIURP:$1
W\SHVVKOVXSSRUWGHYLFH:$1LSDGGUHVV
7RDFFHVVWKHGHYLFHXVLQJWKH:LQGRZV³SXWW\´VVKFOLHQW
)URP/$18VHWKHGHYLFH:(%8,WRHQDEOH66+DFFHVVIURP/$1
GHIDXOWLVHQDEOHG
W\SHSXWW\VVKODGPLQ
)URP:$1,QWKHGHYLFHXVH:(%8,WRHQDEOH66+DFFHVVIURP:$1
W\SHSXWW\VVKOVXSSRUWGHYLFH:$1LSDGGUHVV

Navigation menu