Humax HAMT2002 Car Audio User Manual LF N3000H Eng Draft 140919H

Humax Automotive Co., Ltd. Car Audio LF N3000H Eng Draft 140919H

User Manual

(QJOLVK$XGLR9LGHR1DYLJDWLRQ6\VWHP/)1+1;(VSD³RO ˏ˲˰˰˩˧˨DISPSEEKTRACK MAP NAVIROUTE SETUPMEDIAAUXFM/AMVOL FILETUNEPOWERPUSHPHONE
$XGLR9LGHR1DYLJDWLRQ6\VWHP/)1+1;2ZQHUV0DQXDO3OHDVHUHDGWKLVPDQXDOFDUHIXOO\EHIRUHRSHUDWLQJ\RXUVHWDQGUHWDLQLWIRUIXWXUHUHIHUHQFH'HVLJQVDQGVSHFLILFDWLRQVDUHVXEMHFWWRFKDQJHZLWKRXWSULRUQRWLFH(QJOLVKHereby, Humax Automotive Co.,Ltd Declares that this HAMT2002 is in compliance with the essential requirements and other relevant provisions of directive 1999/5/EC.
$XGLR9LGHR1DYLJDWLRQ6\VWHP/)1+1; (QJOLVK&RQWHQWV*HQHUDO,QIRUPDWLRQ6DIHW\ZDUQLQJV3UHFDXWLRQ2YHUYLHZ$9V\VWHP6WHHULQJZKHHOUHPRWHFRQWURO*HWWLQJ6WDUWHG0XOWLPHGLDSOD\HU5DGLR86%L3RG0XVLFSOD\HU86%9LGHRSOD\HU86%,PDJHSOD\HU$X[LOLDU\GHYLFH%OXHWRRWK$XGLRSOD\HU%OXHWRRWK3KRQH%OXHWRRWKZLUHOHVVWHFKQRORJ\%OXHWRRWKRSHUDWLRQ&RQQHFWLQJWKH%OXHWRRWK3KRQHPHQX&DOOOLVW3KRQHERRN%OXHWRRWK6HWXS'9'SOD\HU'9'9&'&'1DYLJDWLRQ*HWWLQJVWDUWHGZLWK1DYLJDWLRQ6HWWLQJV6HWWLQJWKH6RXQG6HWWLQJWKH'LVSOD\6HWWLQJWKH6\VWHP$SSHQGL[7URXEOHVKRRWLQJ6SHFLILFDWLRQV/LPLWHG:DUUDQW\
(QJOLVK$XGLR9LGHR1DYLJDWLRQ6\VWHP/)1+1;*HQHUDO,QIRUPDWLRQ6DIHW\ZDUQLQJVҸ6DIHW\QRWHV&$87,21725('8&(7+(5,6.2)(/(&75,&6+2&.'21275(029(7+(&29(525%$&.1286(56(59,&($%/(3$576,16,'(5()(56(59,&,1*7248$/,),('6(59,&(3(56211(/7KHOLJKWQLQJIODVKZLWKWKHDUURZKHDGV\PEROZLWKLQDQHTXLODWHUDOWULDQJOHLVLQWHQGHGWRDOHUWWKHXVHUDERXWWKHSUHVHQFHRIXQLQVXODWHGGDQJHURXVYROWDJHZLWKLQWKHSURGXFWΰVHQFORVXUHWKDWPD\EHRIVXIILFLHQWPDJQLWXGHWRFRQVWLWXWHDULVNRIHOHFWULFVKRFN7KHH[FODPDWLRQSRLQWZLWKLQDQHTXLODWHUDOWULDQJOHLVLQWHQGHGWRDOHUWWKHXVHUWRWKHSUHVHQFHRILPSRUWDQWRSHUDWLQJDQGPDLQWHQDQFHVHUYLFLQJLQVWUXFWLRQVLQWKHOLWHUDWXUHDFFRPSDQ\LQJWKHDSSOLDQFH$OZD\VRSHUDWHWKHYHKLFOHLQDVDIHPDQQHU'RQRWEHFRPHGLVWUDFWHGE\WKHYHKLFOHZKLOHGULYLQJDQGDOZD\VEHIXOO\DZDUHRIDOOGULYLQJFRQGLWLRQV'RQRWFKDQJHVHWWLQJVRUDQ\IXQFWLRQV3XOORYHULQDVDIHDQGOHJDOPDQQHUEHIRUHDWWHPSWLQJVXFKRSHUDWLRQV7RSURPRWHVDIHW\FHUWDLQIXQFWLRQVDUHGLVDEOHGXQOHVVWKHSDUNLQJEUDNHLVRQ7RUHGXFHWKHULVNRIHOHFWULFVKRFNGRQRWUHPRYHWKHFRYHURUEDFNRIWKLVSURGXFW7KHUHDUHQRXVHUVHUYLFHDEOHSDUWVLQVLGH5HIHUVHUYLFLQJWRTXDOLILHGVHUYLFHSHUVRQQHO7RUHGXFHWKHULVNRIILUHRUHOHFWULFVKRFNGRQRWH[SRVHWKLVSURGXFWWRGULSSLQJRUVSODVKLQJZDWHUUDLQRUPRLVWXUH:KHQGULYLQJ\RXUYHKLFOHEHVXUHWRNHHSWKHYROXPHRIWKHXQLWORZHQRXJKWRDOORZ\RXWRKHDUVRXQGVFRPLQJIURPWKHRXWVLGH'RQRWGURSLWDQGDYRLGKHDY\LPSDFWVDWDQ\WLPH7KHGULYHUVKRXOGQRWZDWFKWKHPRQLWRUZKLOHGULYLQJ,IWKHGULYHUZDWFKHVWKHPRQLWRUZKLOHGULYLQJLWPD\OHDGWRFDUHOHVVQHVVDQGFDXVHDQDFFLGHQW&$87,215,6.2)(/(&75,&6+2&.'212723(1
*HQHUDO,QIRUPDWLRQ$XGLR9LGHR1DYLJDWLRQ6\VWHP/)1+1; (QJOLVK6DIHW\ZDUQLQJVҸ:$51,1*Ӄ'RQWXVHDFHOOXODUSKRQHZKHQ\RXDUHGULYLQJ<RXPXVWVWRSDWDVDIHSODFHWRXVHDFHOOXODUSKRQHӃ7KHXVHRIWKHQDYLJDWLRQUDGLRE\QRPHDQVUHOLHYHVWKHGULYHURIKLVKHUUHVSRQVLELOLWLHV7KHKLJKZD\FRGHPXVWDOZD\VEHREVHUYHG$OZD\VREVHUYHWKHFXUUHQWWUDIILFVLWXDWLRQӃ7KHDSSOLFDEOHWUDIILFUHJXODWLRQVDQGWKHSUHYDLOLQJWUDIILFVLWXDWLRQDOZD\VWDNHSUHFHGHQFHRYHUWKHLQVWUXFWLRQVLVVXHGE\WKHQDYLJDWLRQV\VWHPLIWKH\FRQWUDGLFWRQHDQRWKHUӃ)RUWUDIILFVDIHW\UHDVRQVXVHWKHQDYLJDWLRQV\VWHPPHQXVRQO\EHIRUHVWDUWLQJDMRXUQH\RUZKHQWKHYHKLFOHLVVWDWLRQDU\Ӄ,QFHUWDLQDUHDVRQHZD\VWUHHWVDQGWXUQRIIDQGHQWU\SURKLELWLRQVHJSHGHVWULDQ]RQHVDUHQRWUHFRUGHG,QDUHDVVXFKDVWKHVHWKHQDYLJDWLRQV\VWHPZLOOLVVXHDZDUQLQJ3D\SDUWLFXODUDWWHQWLRQWRRQHZD\VWUHHWVDQGWXUQRIIDQGHQWU\UHVWULFWLRQVӃ7KHQDYLJDWLRQV\VWHPGRHVQRWWDNHWKHUHODWLYHVDIHW\RIWKHVXJJHVWHGURXWHVLQWRFRQVLGHUDWLRQ5RDGEORFNVEXLOGLQJVLWHVKHLJKWRUZHLJKWUHVWULFWLRQVWUDIILFRUZHDWKHUFRQGLWLRQVRURWKHULQIOXHQFHVZKLFKDIIHFWWKHURXWHVDIHW\RUWUDYHOWLPHDUHQRWWDNHQLQWRFRQVLGHUDWLRQIRUWKHVXJJHVWHGURXWHV8VH\RXURZQGLVFUHWLRQLQRUGHUWRGHFLGHRQWKHVXLWDELOLW\RIWKHVXJJHVWHGURXWHVӃ7KHFXUUHQWOHJDOURDGWUDIILFVSHHGOLPLWDOZD\VWDNHVSULRULW\RYHUWKHYDOXHVVWRUHGRQWKHXQLW,WLVLPSRVVLEOHWRSURYLGHDQDVVXUDQFHWKDWWKHVSHHGYDOXHVRIWKHQDYLJDWLRQV\VWHPZLOODOZD\VPDWFKWKRVHRIWKHFXUUHQWWUDIILFUHJXODWLRQVLQHYHU\VLWXDWLRQ$OZD\VREVHUYHWKHDSSOLFDEOHOHJDOVSHHGOLPLWVWKHWUDIILFUHJXODWLRQV7KHYHKLFOHVSHHGRPHWHUPXVWDOZD\VEHJLYHQSULRULW\IRUGLVSOD\RIWKHYHKLFOHVSHHGӃ'RQRWUHO\H[FOXVLYHO\RQWKHQDYLJDWLRQV\VWHPZKHQDWWHPSWLQJWRORFDWHDQHPHUJHQF\VHUYLFHKRVSLWDOILUHVHUYLFHHWF,WFDQQRWEHJXDUDQWHHGWKDWDOODYDLODEOHHPHUJHQF\VHUYLFHVLQ\RXUYLFLQLW\DUHVWRUHGLQWKHGDWDEDVH8VH\RXURZQGLVFUHWLRQDQGDELOLWLHVWRVHFXUHKHOSLQVXFKVLWXDWLRQVҸ&$87,21&/$66/$6(5352'8&7./$66(/$6(5352'8.7/82.$1/$6(5/$,7(./$66/$6(5$33$5$7&/$66(352'8,7/$6(57KLVSURGXFWXVHVD/DVHU6\VWHP7RHQVXUHSURSHUXVHRIWKLVSURGXFWSOHDVHUHDGWKLVRZQHUΰVPDQXDOFDUHIXOO\DQGUHWDLQLWIRUIXWXUHUHIHUHQFH6KRXOGWKHXQLWUHTXLUHPDLQWHQDQFHFRQWDFWDQDXWKRUL]HGVHUYLFHFHQWHU3HUIRUPLQJFRQWUROVDGMXVWPHQWVRUFDUU\LQJRXWSURFHGXUHVRWKHUWKDQWKRVHVSHFLILHGKHUHLQPD\UHVXOWLQKD]DUGRXVUDGLDWLRQH[SRVXUH7RSUHYHQWGLUHFWH[SRVXUHWRODVHUEHDPGRQRWWU\WRRSHQWKHHQFORVXUH9LVLEOHODVHUUDGLDWLRQZKHQRSHQ'212767$5(,172%($0&$87,21&/$6609,6,%/($1',19,6,%/(/$6(55$',$7,21:+(123(1'21279,(:',5(&7/<:,7+237,&$/,167580(176
*HQHUDO,QIRUPDWLRQ$XGLR9LGHR1DYLJDWLRQ6\VWHP/)1+1;(QJOLVKҸ7\SHVRI3OD\DEOH'LVFV7KLVXQLWSOD\V&'5RU&'5:FRQWDLQLQJDXGLRWLWOHV03RU:0$ILOHVӃ'HSHQGLQJRQWKHFRQGLWLRQVRIWKHUHFRUGLQJHTXLSPHQWRUWKH&'55:GLVFLWVHOIVRPH&'55:GLVFVPD\QRWEHDEOHWRSOD\RQWKHXQLWӃ'RQRWDWWDFKDQ\VHDORUODEHOWRHLWKHUVLGHWKHODEHOHGVLGHRUWKHUHFRUGHGVLGHRIDGLVFӃ'RQRWXVHLUUHJXODUO\VKDSHG&'VHJKHDUWVKDSHGRURFWDJRQDO,WPD\UHVXOWLQPDOIXQFWLRQV3UHFDXWLRQӃ$GHIHFWLYHRUVRLOHGGLVFLQVHUWHGLQWRWKHXQLWFDQFDXVHVRXQGWRGURSGXULQJSOD\EDFNӃ+DQGOHWKHGLVFE\KROGLQJLWVLQQHURXWHUHGJHVӃ'RQRWWRXFKWKHVXUIDFHRIWKHXQODEHOHGVLGHRIWKHGLVF'RQRWVWLFNSDSHURUWDSHHWFRQWKHVXUIDFH'RQRWH[SRVHWKHGLVFWRGLUHFWVXQOLJKWRUH[FHVVLYHKHDW7KLVXQLWFDQQRWSOD\FPGLVFXVHFPGLVFRQO\Ӄ&OHDQWKHGLVFEHIRUHSOD\EDFN:LSHWKHGLVFIURPWKHFHQWHURXWZDUGZLWKDFOHDQLQJFORWKӃ1HYHUXVHVROYHQWVVXFKDVEHQ]HQHRUDOFRKROWRFOHDQWKHGLVFҸ3UHFDXWLRQVRIKDQGOLQJGLVFVDQGSOD\HU&$87,21Ӄ'RQRWNHHSWKHQDYLJDWLRQV\VWHPUXQQLQJZLWKWKHHQJLQHVWRSSHG'RLQJVRPD\GLVFKDUJHWKHYHKLFOHEDWWHU\:KHQ\RXXVHWKHQDYLJDWLRQV\VWHPDOZD\VNHHSWKHHQJLQHUXQQLQJӃ:KHQWKHGULYHUZDQWVWRRSHUDWHWKHQDYLJDWLRQV\VWHPILUVWSDUNWKHYHKLFOHLQDVDIHORFDWLRQDQGVHWWKHSDUNLQJEUDNH2SHUDWLQJWKHV\VWHPZKLOHGULYLQJFDQGLVWUDFWWKHGULYHUDQGPD\UHVXOWLQDVHULRXVDFFLGHQWӃ'RQRWGLVDVVHPEOHRUPRGLI\WKLVV\VWHP,I\RXGRLWPD\UHVXOWLQDFFLGHQWVILUHRUHOHFWULFDOVKRFNӃ6RPHFRXQWU\PD\KDYHODZVOLPLWLQJWKHXVHRIYLGHRVFUHHQVZKLOHGULYLQJ8VHWKHV\VWHPRQO\ZKHUHLWLVOHJDOWRGRVRӃ'RQRWXVH\RXUSKRQHLQSULYDWHPRGHZKHQ\RXDUHGULYLQJ<RXPXVWVWRSDWDVDIHORFDWLRQWRXVHLW
*HQHUDO,QIRUPDWLRQ$XGLR9LGHR1DYLJDWLRQ6\VWHP/)1+1; (QJOLVK3UHFDXWLRQҸ127(621&23<5,*+76,WLVIRUELGGHQE\ODZWRFRS\EURDGFDVWVKRZEURDGFDVWYLDFDEOHSOD\LQSXEOLFRUUHQWFRS\ULJKWHGPDWHULDOZLWKRXWSHUPLVVLRQ7KLVSURGXFWIHDWXUHVWKHFRS\SURWHFWLRQIXQFWLRQGHYHORSHGE\0DFURYLVLRQ&RS\SURWHFWLRQVLJQDOVDUHUHFRUGHGRQVRPHGLVFV:KHQSOD\LQJWKHSLFWXUHVRIWKHVHGLVFVRQDXQLWSLFWXUHQRLVHZLOODSSHDU7KLVSURGXFWLQFRUSRUDWHVFRS\ULJKWSURWHFWLRQWHFKQRORJ\WKDWLVSURWHFWHGE\PHWKRGFODLPVRIFHUWDLQ86SDWHQWVDQGRWKHULQWHOOHFWXDOSURSHUW\ULJKWVRZQHGE\0DFURYLVLRQ&RUSRUDWLRQDQGRWKHUULJKWVRZQHUV8VHRIWKLVFRS\ULJKWSURWHFWLRQWHFKQRORJ\PXVWEHDXWKRUL]HGE\0DFURYLVLRQ&RUSRUDWLRQDQGLVLQWHQGHGIRUKRPHDQGRWKHUOLPLWHGYLHZLQJXVHVRQO\XQOHVVRWKHUZLVHDXWKRUL]HGE\0DFURYLVLRQ&RUSRUDWLRQ5HYHUVHHQJLQHHULQJRUGLVDVVHPEO\LVSURKLELWHGҸ'LVSRVDORI\RXUROGDSSOLDQFH:KHQWKLVFURVVHGRXWZKHHOHGELQV\PEROLVDWWDFKHGWRDSURGXFWLWPHDQVWKHSURGXFWLVFRYHUHGE\WKH(XURSHDQ'LUHFWLYH(&$OOHOHFWULFDODQGHOHFWURQLFSURGXFWVVKRXOGEHGLVSRVHGRIVHSDUDWHO\IURPWKHPXQLFLSDOZDVWHVWUHDPYLDGHVLJQDWHGFROOHFWLRQIDFLOLWLHVDSSRLQWHGE\WKHJRYHUQPHQWRUWKHORFDODXWKRULWLHV7KHFRUUHFWGLVSRVDORI\RXUROGDSSOLDQFHZLOOKHOSSUHYHQWSRWHQWLDOQHJDWLYHFRQVHTXHQFHVIRUWKHHQYLURQPHQWDQGKXPDQKHDOWK)RUPRUHGHWDLOHGLQIRUPDWLRQDERXWGLVSRVDORI\RXUROGDSSOLDQFHSOHDVHFRQWDFW\RXUFLW\RIILFHZDVWHGLVSRVDOVHUYLFHRUWKHVKRSZKHUH\RXSXUFKDVHGWKHSURGXFWL3RGDQGL3KRQHLVDWUDGHPDUNRI$SSOH,QFUHJLVWHUHGLQWKH86DQGRWKHUFRXQWULHVα0DGHIRUL3RGβPHDQVWKDWDQHOHFWURQLFDFFHVVRU\KDVEHHQGHVLJQHGWRFRQQHFWVSHFLILFDOO\WRL3RGDQGKDVEHHQFHUWLILHGE\WKHGHYHORSHUWRPHHW$SSOHSHUIRUPDQFHVWDQGDUGVα:RUNVZLWKL3KRQHβPHDQVWKDWDQHOHFWURQLFDFFHVVRU\KDVEHHQGHVLJQHGWRFRQQHFWVSHFLILFDOO\WRL3KRQHDQGKDVEHHQFHUWLILHGE\WKHGHYHORSHUWRPHHW$SSOHSHUIRUPDQFHVWDQGDUGV$SSOHLVQRWUHVSRQVLEOHIRUWKHRSHUDWLRQRIWKLVGHYLFHRULWVFRPSOLDQFHZLWKVDIHW\DQGUHJXODWRU\VWDQGDUGV%OXHWRRWKpLVDWUDGHPDUNRZQHGE\%OXHWRRWK6,*,QF'ROE\DQGWKHGRXEOH' V\PEROVDUHWUDGHPDUNVRI'ROE\/DERUDWRULHV0DQXIDFWXUHGXQGHUOLFHQVHIURP'ROE\/DERUDWRULHV
2YHUYLHZ$96\VWHP$XGLR9LGHR1DYLJDWLRQ6\VWHP/)1+1;(QJOLVKₖ(-(&7> @EXWWRQZLWK',6&,1LQGLFDWRU(MHFWDGLVF:KHQDGLVFLVLQVHUWHGWKHLQGLFDWRULVLOOXPLQDWHGₗ',63EXWWRQ7XUQWKHGLVSOD\RIIRQₘ32:(5EXWWRQZLWK92/80(>92/@GLDO7XUQWKHSRZHURQDQGPXWHIXQFWLRQRQRIISUHVVWXUQWKHSRZHURIISUHVVDQGKROGDGMXVWWKHYROXPHURWDWHₙ(17(5EXWWRQZLWK781(),/(GLDO(QWHUFKDQJHWKHWUDFNOLVWVHOHFWHGLWHPUHSHDWWKHYRLFHJXLGDQFHRQWKH1DYLIXQFWLRQSUHVVILQGDVWDWLRQPDQXDOO\VHDUFKWKHWUDFNOLVWRUFKDQJHWKHPDSVFDOHRQWKHPDSURWDWHₚ5(6(7EXWWRQIRUV\VWHPUHERRWLQJ,IWKHXQLWIDLOVWRRSHUDWHSURSHUO\SUHVVWKLVEXWWRQZLWKDSHQWLSRUDQRWKHUSRLQWHGLQVWUXPHQWₛ)0$0EXWWRQ(QWHUWKHUDGLRPRGHRUVZLWFKEHWZHHQWKH)0)0$0EDQGVₜ$8;EXWWRQ(QWHUWKHFRQQHFWHG$8;PRGH₝0(',$EXWWRQ6ZLWFKWKHPRGHEHWZHHQWKH0HGLDPHQXDQGSUHYLRXVIXQFWLRQVFUHHQ₞3+21(EXWWRQ(QWHUWKH%OXHWRRWK3KRQHPHQX₟Ͻ6((.75$&.ϾEXWWRQV6HHNDVWDWLRQRUVNLSDWUDFNSUHVVFRQWLQXRXVO\FKDQJHVWKHVWDWLRQXQWLOWKHEXWWRQLVUHOHDVHGWKHQVHHNDVWDWLRQRUIDVWIRUZDUGUHYHUVHDWUDFNIRUL3RGRUFKDQJHWKHSOD\EDFNVSHHGIRU'9'SUHVVDQGKROG₠0$3EXWWRQ(QWHUWKHFXUUHQWORFDWLRQPDSVFUHHQ₡5287(EXWWRQ(QWHUWKHURXWHPHQXVFUHHQ₢1$9,EXWWRQ(QWHUWKHGHVWLQDWLRQPHQX9DULRXVPHWKRGVIRUHQWHULQJDGHVWLQDWLRQDUHDYDLODEOH₣6(783EXWWRQ6ZLWFKWKHPRGHEHWZHHQWKH6\VWHPVHWWLQJVDQGSUHYLRXVIXQFWLRQVFUHHQDISPSEEKTRACK MAP NAVIROUTE SETUPMEDIAAUXFM/AMVOL FILETUNEPOWERPUSHPHONEₖ ₗₙₛ ₜ ₝ ₞ ₟₠₡₢₣ₘ ₚ
$XGLR9LGHR1DYLJDWLRQ6\VWHP/)1+1; (QJOLVK2YHUYLHZ6WHHULQJZKHHOUHPRWHFRQWUROₖ02'(EXWWRQ7XUQWKHSRZHURQRUFKDQJHWKH$9PRGHDVEHORZ)0Ϧ)0Ϧ$0Ϧ86%0XVLFϦ9LGHRL3RGϦ'9'9&'&'Ϧ%OXHWRRWK$XGLRϦ$8;Ϧ)0SUHVVWXUQWKHSRZHURIISUHVVDQGKROGₗ9ROXPH>92/@MRJ$GMXVWWKHYROXPHOHYHOSXVKRUSXOOWXUQWKHPXWHIXQFWLRQRQRIISUHVVₘ6NLSϽϾMRJ6NLSWKHSUHYLRXVQH[WSUHVHWVWDWLRQRUILOHWUDFNSXVKRUSXOOVHDUFKWKHDYDLODEOHVWDWLRQVDXWRPDWLFDOO\SXVKSXOODQGKROGₙ&DOO> @EXWWRQ(QWHUWKH%OXHWRRWK3KRQHPRGHRUUHFHLYHDQLQFRPLQJFDOOSUHVVPDNHDFDOOYLDODVWFDOOSUHVVDQGKROGₚ(QG> @EXWWRQ5HMHFWVRUHQGVDFDOOHORNVOLVOLMODEVOLVOLMODEₖₗₙ ₚₘ
(QJOLVK$XGLR9LGHR1DYLJDWLRQ6\VWHP/)1+1;2YHUYLHZ*HWWLQJVWDUWHGҸ7XUQLQJRQRIIWKHXQLW3UHVVWKHVPDUWLJQLWLRQ>(1*,1(67$576723@EXWWRQWRWXUQWKHXQLWRQ7KHGULYHVDIHW\PHVVDJHVFUHHQLVGLVSOD\HG:KHQ\RXWXUQWKHXQLWRIISUHVVWKH32:(5> @EXWWRQRU02'(EXWWRQRQWKHVWHHULQJZKHHOUHPRWHFRQWUROWRWXUQWKHXQLWRQҾ7RWXUQWKHSRZHURQGLUHFWO\%\LQVHUWLQJDGLVFFRQQHFWLQJWKH86%GHYLFHRUSUHVVLQJWKH)0$00(',$3+21(EXWWRQZKLOHWKH86%$8;%OXHWRRWK3KRQHLVFRQQHFWHG\RXFDQDOVRWXUQWKHSRZHURQDQGWKHXQLWSOD\V7DSWKH$JUHH7KHSUHYLRXVO\VHOHFWHGVWDWLRQLVUHFHLYHGRUWKHILOHWUDFNFKDSWHULVSOD\HG7RWXUQWKHXQLWRIISUHVVDQGKROGWKH32:(5> @EXWWRQRU02'(EXWWRQRQWKHVWHHULQJZKHHOUHPRWHFRQWURO:KHQWKHXQLWLVWXUQHGRIIWKHFORFNDQGGDWHDUHDSSHDURQWKHVFUHHQ<RXFDQWXUQWKHGLVSOD\RII5HIHUWRSDJH6(783!'LVSOD\!3LFWXUH)UDPHҸ$GMXVWLQJWKH9ROXPHOHYHO5RWDWHWKH92/80(GLDORUSXVKIXOO9ROXPH>92/@MRJRQWKHVWHHULQJZKHHOUHPRWHFRQWUROWRLQFUHDVHGHFUHDVHWKHYROXPHOHYHO7KHYROXPHOHYHOZLOOEHVKRZQRQWKHGLVSOD\$XGLRPRGHWR&DOOPRGHWRҸ0XWLQJWKH6RXQGTXLFNO\3UHVVWKH32:(5> @EXWWRQRU9ROXPH>92/@MRJRQWKHVWHHULQJZKHHOUHPRWHFRQWUROWRVHWPXWHRQ087(PHVVDJHLVGLVSOD\HG
$XGLR9LGHR1DYLJDWLRQ6\VWHP/)1+1; (QJOLVK2YHUYLHZ*HWWLQJVWDUWHGҸ5HDUYLHZFDPHUDVFUHHQ5HDUYLHZPRGHDOVRDOORZV\RXWRFKHFNZKDWLVEHKLQG\RXZKLOHGULYLQJ:LWKDUHDUYLHZFDPHUDDXWRPDWLFVZLWFKLQJWRYLGHRIURPDUHDUYLHZFDPHUDLVSRVVLEOHZKHQWKHJHDUVKLIWLVPRYHGWR5(9(56(5SRVLWLRQ:KHQWKHXQLWLVERRWHGFRPSOHWHO\WKHJXLGHOLQHLVGLVSOD\HGRQWKHVFUHHQ1RWHҭ7KHUHDUYLHZFDPHUDIXQFWLRQLVLQXVHE\SURGXFWDVDQDLGWRNHHSDQH\HRQWUDLOHUVRUZKHQEDFNLQJLQWRWLJKWSDUNLQJVSRW'RQRWXVHWKLVIXQFWLRQIRUHQWHUWDLQPHQWSXUSRVHҭ2EMHFWLQUHDUYLHZPD\DSSHDUFORVHURUPRUHGLVWDQWWKDQLQUHDOLW\7RUHVWRUHWKHVRXQGSUHVVWKH32:(5>@EXWWRQRU9ROXPH>92/@MRJRQWKHVWHHULQJZKHHOUHPRWHFRQWURORUURWDWHWKH92/80(GLDOҭ3OHDVHQRWHWKDWWKHHGJHVRIWKHUHDUYLHZFDPHUDLPDJHVPD\GLIIHUVOLJKWO\DFFRUGLQJWRZKHWKHUIXOOVFUHHQLPDJHVDUHGLVSOD\HGZKHQEDFNLQJҸ0HGLDPHQXVFUHHQ3UHVVWKH0(',$EXWWRQWRHQWHUWKH0HGLDPHQXVFUHHQ<RXFDQFKRRVHWKHPRGHRIPHGLDRQWKLVVFUHHQǭ Ǯǯ ǰ DZǬǬ86%0XVLF6HOHFWWKH0XVLFSOD\HUYLDDFRQQHFWHG86%GHYLFHǭ86%9LGHR6HOHFWWKH9LGHRSOD\HUYLDDFRQQHFWHG86%GHYLFHǮ86%,PDJH6HOHFWWKH,PDJHSOD\HUYLDDFRQQHFWHG86%GHYLFHǯL3RG6HOHFWWKH0XVLFSOD\HUFRQQHFWHGǰ%OXHWRRWK$XGLR6HOHFWWKH$XGLRSOD\HUYLDD%OXHWRRWKGHYLFHDZ'9'9&'&'6HOHFWWKH'LVFSOD\HUYLDDORDGHGGLVFPHGLD
(QJOLVK$XGLR9LGHR1DYLJDWLRQ6\VWHP/)1+1;0XOWLPHGLDSOD\HU5DGLRҸ/LVWHQLQJWRWKHUDGLRVWDWLRQV3UHVVWKH)0$0EXWWRQWRHQWHUWKH5DGLRIXQFWLRQ7KHSUHYLRXVO\VHOHFWHGVWDWLRQLVUHFHLYHGǬ>)0)0$0@6KRZWKHFXUUHQWIUHTXHQF\EDQGZLGWKǭ3UHVHWVWDWLRQVKRUWFXW5HFDOOWKH,QGLFDWHGVWDWLRQWDSVWRUHWKHFXUUHQWVWDWLRQWDSDQGKROGǮ>1HZV@&DWHJRU\QDPH6KRZWKHFDWHJRU\QDPHRIFXUUHQWVWDWLRQRQO\IRU5%'6VWDWLRQǯ6WHUHR,QGLFDWHIRU)0VWHUHRUHFHSWLRQǰ>@6KRZWKHIUHTXHQF\RIFXUUHQWVWDWLRQDZ,QGLFDWHWKHVWDWLRQVHDUFKLQJPRGHDz>65:(@3URJUDP6HUYLFHQDPH6KRZVWKH3URJUDP6HUYLFHQDPHRIFXUUHQWO\VWDWLRQRQO\IRU5%'6VWDWLRQdz)UHTXHQF\JDXJHEDU6KRZVWKHSRVLWLRQRIFXUUHQWIUHTXHQF\ZLWKEDQGZLGWKUDQJHǴ,ҼҼҸҸ,6HHNXSGRZQIUHTXHQFLHVIRUVWDWLRQVZLWKJRRGUHFHSWLRQǵҼҼҸҸ7XQHXSGRZQWKHIUHTXHQF\SUHVVIDVWWXQHXSGRZQWKHIUHTXHQF\SUHVVDQGKROGǶ35(6(72SHQWKHSUHVHWVWDWLRQOLVWVFUHHQ3UHVVWKH)0$0EXWWRQWRVHOHFWWKHGHVLUHGEDQG7KHEDQGVZLWFKHVDVIROORZV)0Ϧ)0Ϧ$0Ϧ)0Ϧ7RVHDUFKDVWDWLRQDXWRPDWLFDOO\WDSWKHǴ,ҼҼҸҸ,:KHQDVWDWLRQLVUHFHLYHGWKHVHDUFKLQJVWRSV7RWXQHDGHVLUHGIUHTXHQF\PDQXDOO\WDSWKHǵҼҼҸҸ7RRSHQWKH3UHVHWOLVWVFUHHQWDSWKHǶ35(6(7DQGVHOHFWWKHGHVLUHGRSWLRQDVIROORZVǷ3UHVHWVWDWLRQOLVW6KRZWKHSUHVHWVWDWLRQOLVWǸҸ1RZSOD\LQJ5HWXUQWRWKH1RZSOD\LQJVFUHHQǹ$XWR6WRUH$XWRPDWLFDOO\VWRUHWKHVWURQJEURDGFDVWIUHTXHQFLHVҸ6WRULQJUHFDOOLQJWKHSUHVHWVWDWLRQ<RXFDQHDVLO\VWRUHXSWRSUHVHWVWDWLRQVIRUHDFKEDQG)0)0DQG$06HOHFWWKHEDQG)0)0RU$0DQGGHVLUHGIUHTXHQF\\RXZDQWWRVWRUHDVWDWLRQLQWR7DSDQGKROGRQHRIWKHǭ3UHVHWVWDWLRQVKRUWFXWRUǷ3UHVHWVWDWLRQOLVWRQSUHVHWOLVWVFUHHQ7KHVHOHFWHGSUHVHWVWDWLRQKDVEHHQVWRUHGLQPHPRU\5HSHDWVWHSaWRSUHVHWRWKHUVWDWLRQV1RWH,I\RXWU\WRVWRUHDQRWKHUVWDWLRQXVLQJWKHVDPHSUHVHWQXPEHUWKHSUHYLRXVO\VWRUHGVWDWLRQZLOOEHHUDVHG1H[WWLPHLI\RXWDSWKHǭ3UHVHWVWDWLRQVKRUWFXWRUǷ3UHVHWVWDWLRQOLVWRQSUHVHWOLVWVFUHHQWKHVWDWLRQLVUHFDOOHGIURPWKHPHPRU\Ǵ ǵ ǶǭǮǯǰDZDzdzǬǷǸ ǹ
$XGLR9LGHR1DYLJDWLRQ6\VWHP/)1+1; (QJOLVK0XOWLPHGLDSOD\HU5DGLRҸ6WRULQJWKHVWDWLRQVDXWRPDWLFDOO\7KLVIXQFWLRQOHWV\RXDXWRPDWLFDOO\VWRUHWKHVWURQJEURDGFDVWIUHTXHQFLHV3UHVVWKH)0$0EXWWRQWRVHOHFWWKHEDQG)0)0RU$07DSWKHǶ35(6(7WRRSHQWKH3UHVHWVWDWLRQOLVWVFUHHQ7DSWKHǹ$XWR6WRUH/RFDOVWDWLRQVZLWKWKHVWURQJVLJQDODUHVHDUFKHGDQGVWRUHGDXWRPDWLFDOO\$QGWKHQWKHOLVWPHQXDSSHDUVRQWKHVFUHHQ
(QJOLVK$XGLR9LGHR1DYLJDWLRQ6\VWHP/)1+1;0XOWLPHGLDSOD\HU86%L3RG0XVLFSOD\HUҸ3OD\LQJWKH86%RUL3RGPXVLFILOHV<RXFDQSOD\WKH03:0$RU:$9ILOHVVWRUHGLQD86%GHYLFHRUL3RG&RQQHFWD86%GHYLFHRUL3RGWRWKH86%SRUW86%L3RG0XVLFSOD\EDFNVWDUWVZLWKDXWRPDWLFDOO\DIWHUUHFRJQL]LQJWKHGDWDRIWKH86%GHYLFHRUL3RG:KHQWKH86%GHYLFHRUL3RGLVFRQQHFWHGDOUHDG\SUHVVWKH0(',$!WDSWKH86%0XVLFRUL3RGRQWKH0HGLDPHQXVFUHHQ6HOHFWWKHGHVLUHGRSWLRQDVIROORZVǬ3URJUHVVEDU6KRZWKHSURJUHVVEDUZLWKHODSVHGWLPHUXQQLQJWLPHIRUFXUUHQWO\VRQJǭ7KXPEQDLO6KRZWKHFXUUHQWO\$OEXPDUWǮ6RQJVLQIRUPDWLRQ6KRZWKH$OEXP$UWLVW6RQJ)LOHQDPHǯ,ҼҼҸҸ,6NLSWRSUHYLRXVRUQH[WILOHǰ  3DXVHUHVXPHSOD\EDFNDZ537 5'0&KDQJHSOD\EDFNPRGHDz/LVW(QWHUWKHVRQJVOLVWPHQXVFUHHQ7RSDXVHSOD\EDFNWDSWKHǰ 7RUHVXPHSOD\EDFNWDSWKHǰ7RVNLSWRWKHSUHYLRXVRUQH[WILOHWDSWKHǯ,ҼҼҸҸ,UHSHDWHGO\Ҹ&KDQJLQJWKH3OD\EDFNPRGH7RVHOHFWWKHSOD\EDFNPRGHWDSWKHDZ537RU 5'0Н3OD\VWKHFXUUHQWILOHRQDORRSН5HSHDWSOD\DOOILOHVZLWKLQWKHFXUUHQWIROGHURQO\IRU86%Н5HSHDWSOD\DOOILOHVZLWKLQWKH86%RUL3RGН3OD\VUDQGRPO\DOOILOHVZLWKLQWKH86%RUL3RGҸ8VLQJWKH/LVWPRGH7DSWKHDz /LVW)RUL3RGVWKHQVHOHFWWKHGHVLUHGǬ&DWHJRU\DZǮǯ ǯǰ DzǭǬǬ)LOHOLVWLVGLVSOD\HG6HOHFWWKHGHVLUHGRSWLRQDVIROORZVǮǯǰ DZ Dz dzǭǬ&DWHJRU\OLVW6KRZWKHFDWHJRU\ZLWKLQL3RGǭ0XVLF9LGHR,PDJH6KRZWKHSOD\DEOHPHGLDW\SHǮ)LOH/LVW6KRZWKHILOHOLVW&XUUHQWO\SOD\LQJILOHǯҶҺ0RYHWRWKHSUHYLRXVQH[WOLVWSDJH
$XGLR9LGHR1DYLJDWLRQ6\VWHP/)1+1; (QJOLVK0XOWLPHGLDSOD\HU86%L3RG0XVLFSOD\HU3UHFDXWLRQVIRU+DQGOLQJ86%L3RG↟:KHQXVLQJDQH[WHUQDO86%GHYLFHPDNHVXUHWRNHHSWKHGHYLFHGLVFRQQHFWHGDQGFRQQHFWRQO\VRPHWLPHDIWHUWXUQLQJRQWKHYHKLFOHLJQLWLRQ7KH86%GHYLFHPD\EHGDPDJHGLIWKH86%GHYLFHLVDOUHDG\FRQQHFWHGZKHQWKHLJQLWLRQLVWXUQHGRQ86%GHYLFHLVQRWDQHOHFWURQLFDXWRPRWLYHFRPSRQHQW↟6RPH86%GHYLFHVPD\QRWRSHUDWHSURSHUO\EHFDXVHRIFRPSDWLELOLW\LVVXHV&KHFNWKDWWKHH[WHUQDOGHYLFHLVVXSSRUWHGE\WKHGHYLFHEHIRUHVWDUWLQJXVH↟7KHGHYLFHZLOORQO\UHFRJQL]H86%GHYLFHVIRUPDWWHGLQ)$7RU)$717)6IRUPDWLVQRWVXSSRUWHG:KHQ\RXIRUPDWWKHH[WHUQDO86%GHYLFHWKLVXQLWPD\QRWSURSHUO\UHFRJQL]HD%\WH6HFWRUVHOHFWLRQRWKHUWKDQ%\WHRU%\WH↟$YRLGFRQWDFWRIERG\SDUWVDQGIRUHLJQVXEVWDQFHVZLWKWKH86%FRQQHFWRU↟5HSHDWHGO\FRQQHFWLQJGLVFRQQHFWLQJWKH86%LQDVKRUWSHULRGRIWLPHPD\FDXVHGDPDJHWRWKHGHYLFH↟:KHQGLVFRQQHFWLQJWKH86%DQDEQRUPDOVRXQGPD\RFFXURFFDVLRQDOO\↟$EUXSWO\GLVFRQQHFWLQJWKHH[WHUQDO86%GHYLFHZKLOHWKH86%LVRSHUDWLQJPD\FDXVHWKHGHYLFHWREHGDPDJHGRUIXQFWLRQDEQRUPDOO\0DNHVXUHWRGLVFRQQHFWWKH86%GHYLFHRQO\DIWHUWKHDXGLRSRZHULVWXUQHGRIIRUZKHQWKHDXGLRLVRSHUDWLQJLQDGLIIHUHQWPRGH↟7KHDPRXQWRIWLPHUHTXLUHGWRUHFRJQL]HWKHH[WHUQDO86%GHYLFHPD\GLIIHUGHSHQGLQJRQWKHW\SHVL]HRUILOHIRUPDWVVWRUHGRQWKH86%6XFKGLIIHUHQFHVLQWKHUHTXLUHGWLPHDUHQRWLQGLFDWLRQVRIPDOIXQFWLRQ3OHDVHZDLWWKHSHULRGRIWLPHUHTXLUHGWRUHFRJQL]HWKHGHYLFH↟7KHGHYLFHVXSSRUWVRQO\86%GHYLFHVXVHGWRSOD\PXVLFYLGHRLPDJHILOHV↟'RQRWXVHWKH86%,)WRFKDUJHEDWWHULHVRU86%DFFHVVRULHVZKLFKJHQHUDWHKHDW6XFKDFWVPD\OHDGWRGHWHULRUDWHGSHUIRUPDQFHRUGDPDJHWRWKHGHYLFH↟:KLOHWKHVPDUWSKRQHFKDUJLQJYLD86%SRUWVRPHPRGHOVPD\QRWEHFKDUJHGGXHWRFRPSDWLELOLW\LVVXHV↟7KHGHYLFHPD\QRWUHFRJQL]HWKH86%GHYLFHLIVHSDUDWHO\SXUFKDVHG86%KXEVDQGH[WHQVLRQFDEOHVDUHXVHG↟,QWKHFDVHRIKLJKFDSDFLW\86%GHYLFHVWKHUHDUHLQVWDQFHVZKHUHWKHORJLFDOGULYHVDUHSDUWLWLRQHGIRUXVHUFRQYHQLHQFH,QWKLVFDVHLWZLOORQO\EHSRVVLEOHWRSOD\WKH86%PXVLFLQWKHWRSOHYHOGULYHǰҸ3OD\HU5HWXUQWRWKH0XVLFSOD\LQJPRGHVFUHHQDZ1RZ/LVW5HWXUQWRWKHOLVWRIFXUUHQWSOD\LQJILOHDz 8S)ROGHU0RYHVWRXSSHUIROGHUdz5RRW0RYHVWRURRWIROGHU7DSWKHGHVLUHGILOHOLVWWRSOD\LQJVWDUW,QFDVHRIL3RGWRVHDUFKWKHVRQJILOHWDSWKHGHVLUHGILOHOLVWDIWHUVHOHFWWKHǬ&DWHJRU\OLVWRQWKHFDWHJRU\OLVWVFUHHQα,3RG,QVWUXFWLRQV0DQXDO7RXVHWKHWRXFKVFUHHQ\RXVKRXOGQHFHVVDULO\XVHWKHJHQXLQHFDEOHVIXUQLVKHGZLWK\RXU$SSOHGHYLFH<RXUL3RGZLOORQO\FKDUJHZLWKWKHLJQLWLRQNH\LQWKHSRVLWLRQ$&&21XWLOL]LQJWKHJHQXLQHFDEOHVIXUQLVKHGDORQJZLWK\RXU$SSOHGHYLFH:DUQLQJ1RQJHQXLQHFDEOHVPD\FDXVHWKHFRQQHFWLRQWRIDLODVZHOODVGDPDJHWKHV\VWHPβ
(QJOLVK$XGLR9LGHR1DYLJDWLRQ6\VWHP/)1+1;0XOWLPHGLDSOD\HU86%L3RG0XVLFSOD\HU:KHQXVLQJSDUWLWLRQHGGULYHVVDYHWKHVRQJV\RXZLVKWRSOD\RQWKHGHYLFHRQO\LQWKHWRSOHYHOORJLFDOGULYH,QDGGLWLRQFHUWDLQ86%GHYLFHVDUHFRQILJXUHGZLWKDVHSDUDWHGULYHXVHGWRLQVWDOODSSOLFDWLRQSURJUDPVDQGLWPD\QRWEHSRVVLEOHWRSOD\VRQJVIURPVXFKGULYHVIRUWKHUHDVRQVGHVFULEHGDERYH↟7KHGHYLFHPD\QRWVXSSRUWQRUPDORSHUDWLRQZKHQXVLQJIRUPDWVVXFKDV+''7\SH&)RU6'0HPRU\↟7KHGHYLFHZLOOQRWVXSSRUWILOHVORFNHGE\'50'LJLWDO5LJKWV0DQDJHPHQW↟L3RGLVDUHJLVWHUHGWUDGHPDUNRI$SSOH&RUSRUDWLRQLQWKH8QLWHG6WDWHVDQGRURWKHUFRXQWULHV↟7KLVSURGXFWFRQQHFWVL3RGPRGHOVZKLFKVXSSRUWWKHIROORZLQJDQGRWKHUGHYLFHVDUHQRWVXSSRUWHGL3RG1DQRL3RGL3RG7RXFKL3KRQHPRGHOV↟6RPHL3RGL3KRQHPRGHOVPD\QRWEHVXSSRUWHGFRQQHFWHG↟2QO\FRQQHFWWKHL3RGWRWKLVSURGXFWZLWKFRQQHFWLRQFDEOHVVXSSRUWHGE\L3RGSURGXFWV2WKHUFRQQHFWLRQFDEOHVFDQQRWEHXVHG↟,QVRPHFDVHVWKHL3RGSURGXFWPD\EHGDPDJHGLIWKHLJQLWLRQLVWXUQHGRIIZKLOHLWLVFRQQHFWHGWRWKHSURGXFW:KHQWKHL3RGSURGXFWLVQRWEHLQJXVHGNHHSLWVHSDUDWHIURPWKLVSURGXFWZLWKWKHFDULJQLWLRQWXUQHGRII↟7KHSOD\EDFNIXQFWLRQVDQGWKHLQIRUPDWLRQGLVSOD\LWHPVRIWKHL3RGSOD\HUXVHGZLWKWKLVSURGXFWPD\GLIIHUIURPWKHL3RGLQWHUPVRISOD\RUGHUPHWKRGDQGWKHLQIRUPDWLRQGLVSOD\HG
$XGLR9LGHR1DYLJDWLRQ6\VWHP/)1+1; (QJOLVK0XOWLPHGLDSOD\HU86%9LGHRSOD\HUҸ3OD\LQJWKH86%YLGHRILOHV<RXFDQSOD\WKHYLGHRILOHVVWRUHGLQD86%GHYLFH&RQQHFWD86%GHYLFHWRWKH86%SRUW86%9LGHRSOD\EDFNVWDUWVDXWRPDWLFDOO\DIWHUUHFRJQL]LQJWKHGDWDRIWKH86%PHPRU\:KHQWKH86%VWRUDJHGHYLFHLVDOUHDG\FRQQHFWHGSUHVVWKH0(',$EXWWRQWKHQWDSWKH86%9LGHRRQWKH0HGLDPHQXVFUHHQ&DXWLRQ:KLOHGULYLQJ\RXFDQQRWZDWFKWKHYLGHR7RVKRZWKHFRQWUROSDQHOVFUHHQWDSWKH3OD\LQJVFUHHQDQGVHOHFWWKHGHVLUHGRSWLRQDVIROORZVǬ0XVLF9LGHR,PDJH6KRZWKHSOD\DEOHPHGLDW\SHZLWKLQ86%ǭ)LOH/LVW6KRZVWKHILOHOLVW&XUUHQWO\SOD\LQJILOHǮҶҺ0RYHWRWKHSUHYLRXVQH[WOLVWSDJHǯҸ3OD\HU5HWXUQWRWKH9LGHRSOD\LQJPRGHVFUHHQǰ 1RZ/LVW5HWXUQWRWKHOLVWRIFXUUHQWSOD\LQJILOHDZ8S)ROGHU0RYHVWRXSSHUIROGHUDz5RRW)ROGHU0RYHVWRURRWIROGHU7DSWKHGHVLUHGILOHOLVWWRSOD\LQJVWDUWǬ3URJUHVVEDU6KRZWKHSURJUHVVEDUZLWKHODSVHGWLPHUXQQLQJWLPHIRUFXUUHQWO\SOD\LQJILOHǭ)LOHQDPH6KRZVWKHFXUUHQWO\SOD\LQJILOHQDPHǮ,ҼҼҸҸ,6NLSWRSUHYLRXVRUQH[WILOHǯ 3DXVHUHVXPHWKHSOD\EDFNǰ537&KDQJHWKH5HSHDWSOD\EDFNPRGHН3OD\VWKHFXUUHQWILOHRQDORRSН5HSHDWSOD\DOOILOHVZLWKLQWKHFXUUHQWIROGHUН5HSHDWSOD\DOOILOHVZLWKLQWKH86%DZ6XEWLWOH$FWLYDWHGHDFWLYDWHWKHVXEWLWOHGLVSOD\LQJPRGHDz/LVW(QWHUWKHILOHOLVWPHQXVFUHHQ7RUHWXUQWRWKHIXOOVFUHHQZLWKRXWFRQWUROSDQHOWDSWKH3OD\LQJVFUHHQDJDLQ7RSDXVHSOD\EDFNWDSWKHǯ 7RUHVXPHWKHSOD\EDFNWDSWKHǯ7RVNLSWRWKHSUHYLRXVRUQH[WILOHWDSWKHǮ,ҼҼҸҸ,UHSHDWHGO\7RVKRZKLGHWKHVXEWLWOHWDSWKHDZ 6XEWLWOHǯǭǮ Ǯ ǰ DzDZǬҸ8VLQJWKH/LVWPRGH7DSWKHDz /LVWWRHQWHUWKH)LOHOLVWPHQXVFUHHQDQGVHOHFWWKHGHVLUHGRSWLRQDVIROORZVDZǮǯ ǰ DzǭǬ
(QJOLVK$XGLR9LGHR1DYLJDWLRQ6\VWHP/)1+1;86%,PDJHSOD\HU0XOWLPHGLDSOD\HUҸ3OD\LQJWKH86%LPDJHILOHV<RXFDQSOD\WKHLPDJHILOHVVWRUHGLQD86%GHYLFH&RQQHFWD86%GHYLFHWRWKH86%SRUW86%,PDJHSOD\EDFNVWDUWVZLWKDXWRPDWLFDOO\DIWHUUHFRJQL]LQJWKHGDWDRIWKH86%PHPRU\:KHQWKH86%VWRUDJHGHYLFHLVDOUHDG\FRQQHFWHGSUHVVWKH0(',$EXWWRQWKHQWDSWKH86%,PDJHRQWKH0HGLDPHQXVFUHHQ7RVKRZWKHFRQWUROSDQHOVFUHHQWDSWKHSOD\LQJVFUHHQDQGVHOHFWWKHGHVLUHGRSWLRQDVIROORZVǬ0XVLF9LGHR,PDJH6KRZWKHSOD\DEOHPHGLDW\SHZLWKLQ86%ǭ)LOHOLVW6KRZWKHILOHOLVW&XUUHQWO\SOD\LQJILOHǮҶҺ0RYHWRWKHSUHYLRXVQH[WOLVWSDJHǯҸ3OD\HU5HWXUQWRWKH,PDJHSOD\LQJPRGHVFUHHQǰ 1RZ/LVW5HWXUQWRWKHOLVWRIFXUUHQWSOD\LQJILOHDZ 8S)ROGHU0RYHVWRXSSHUIROGHUDz5RRW)ROGHU0RYHVWRURRWIROGHU7DSWKHGHVLUHGILOHOLVWWRSOD\LQJVWDUWǬ6OLGHVKRZLQWHUYDO6HOHFWVWKHVOLGHVKRZLQWHUYDOWLPHǭ 6NLSWRSUHYLRXVRUQH[WILOHǮ)LOHQDPH6KRZWKHFXUUHQWO\SOD\LQJILOHQDPHǯ6OLGHVKRZ(QWHUWKHVOLGHVKRZIRUIXOOVFUHHQPRGHǰ5RWDWHWKHLPDJHWRDQWLFORFNZLVHRUFORFNZLVHDZ/LVW(QWHUWKHILOHOLVWPHQXVFUHHQ7RUHWXUQWRWKHIXOOVFUHHQZLWKRXWFRQWUROSDQHOWDSWKH3OD\LQJVFUHHQDJDLQ7RVNLSWRWKHSUHYLRXVRUQH[WILOHWDSWKHǭUHSHDWHGO\7RURWDWHWKHLPDJHWDSWKHǰ  5RWDWLRQ7RHQWHUWKHVOLGHVKRZWDSWKHǯ 6OLGHVKRZ&DXWLRQ:KLOHGULYLQJ\RXFDQQRWZDWFKWKHVOLGHVKRZDZǯǮǰǭ ǭǬҸ8VLQJWKH/LVWPRGH7DSWKHDZ /LVWWRHQWHUWKH)LOHOLVWPHQXVFUHHQDQGVHOHFWWKHGHVLUHGRSWLRQDVIROORZVDZǯǮǰǭDzǬ
$XGLR9LGHR1DYLJDWLRQ6\VWHP/)1+1; (QJOLVK0XOWLPHGLDSOD\HU$X[LOLDU\GHYLFHҸ8VLQJDQ$X[LOLDU\DXGLRYLGHRHTXLSPHQW%\FRQQHFWLQJDQRSWLRQDOSRUWDEOH$9GHYLFHWRWKH$8;LQSXWMDFNRQWKHPHGLDKXEDQGWKHQVLPSO\VHOHFWLQJWKHVRXUFH\RXFDQOLVWHQRQ\RXUFDUVSHDNHUVDQGWKLVXQLW7KHYROXPHOHYHOLVDGMXVWDEOHIRUDQ\GLIIHUHQFHEHWZHHQWKHXQLWDQGWKHSRUWDEOHDXGLRGHYLFH7XUQGRZQWKHYROXPHRQWKHXQLW7XUQRIIWKHH[WHUQDODXGLRHTXLSPHQW&RQQHFWWKHDXGLRRXWSXWRIWKHH[WHUQDODXGLRHTXLSPHQWWRWKH$8;LQSXWWHUPLQDORQ0HGLDKXE%HVXUHWRDGMXVWWKHYROXPHIRUHDFKFRQQHFWHGDXGLRGHYLFHEHIRUHSOD\EDFN:KHQH[WHUQDODXGLRHTXLSPHQWLVDOUHDG\FRQQHFWHGSUHVVWKH$8;EXWWRQ6WDUWSOD\EDFNRIWKHH[WHUQDODXGLRHTXLSPHQWDWDPRGHUDWHYROXPH6HW\RXUXVXDOOLVWHQLQJYROXPHOHYHORQWKHXQLW&DXWLRQ:KLOHGULYLQJ\RXFDQQRWZDWFKWKH$8;YLGHR$8;$XGLRVFUHHQ!$8;9LGHRVFUHHQ!↟6RPHDX[LOLDU\GHYLFHWKDWGRQWKDYHWKHYLGHRVRXUFHPD\QRWRXWSXWWKHYLGHRVFUHHQ↟,QFDVHRIVRPHL3RGGHYLFHV8VHWKHL3RGFDEOHIRUH[FOXVLYHXVHRIL3RGIRUYLGHRSOD\EDFNZKHQFRQQHFWLQJL3RGWRWKH$8;FRQQHFWRU↟9LGHRLVQRWDYDLODEOHZKLOHGULYLQJ%DVHGRQGULYLQJUHJXODWLRQ$X[9LGHRLVRQO\DYDLODEOHZKHQHYHUYHKLFOHLVVWRSSHG
(QJOLVK$XGLR9LGHR1DYLJDWLRQ6\VWHP/)1+1;0XOWLPHGLDSOD\HU%OXHWRRWK$XGLRSOD\HUҸ/LVWHQLQJWR0XVLFIURPD%OXHWRRWK'HYLFH7KLVXQLWVXSSRUWVWKH%OXHWRRWKSURILOH$'3$GYDQFHG$XGLR'LVWULEXWLRQ3URILOH,I\RXUPRELOHSKRQHRUPXVLFSOD\HUVXSSRUWVWKLVSURILOHWKHQLWLVSRVVLEOHWROLVWHQWRPXVLFWUDFNVORFDWHGRQ\RXU%OXHWRRWKGHYLFHWKURXJKWKLVXQLWDQGFDUVSHDNHUV$GGLWLRQDOO\WKLVXQLWVXSSRUWVWKH$95&3$XGLR9LGHR5HPRWH&RQWURO3URILOH,I\RXU%OXHWRRWKPRELOHSKRQHRUPXVLFSOD\HUVXSSRUWVWKLVSURILOHWKHQLWLVSRVVLEOHWRDGYDQFHWRWKHQH[WWUDFNRUUHSOD\SUHYLRXVWUDFNVRQXVLQJWKHEXWWRQVRQWKHIURQWRIWKLVXQLWRUVWHHULQJZKHHOUHPRWHFRQWUROVLIILWWHGRQ\RXUYHKLFOH6ZLWFKWR%OXHWRRWKVLJQDORQ\RXUPRELOHSKRQHPXVLFGHYLFH6WHUHR+HDGVHWDSSHDUVZKHQWKHFRQQHFWLRQLVPDGH3UHVVWKH0(',$EXWWRQWRHQWHUWKH0HGLDPHQXVFUHHQWKHQWDSWKH%OXHWRRWK$XGLR%OXHWRRWK$XGLRSOD\LQJVFUHHQDSSHDUVDQGVWDUWSOD\EDFNǬ,QGLFDWRUWKH%OXHWRRWKGHYLFHFRQQHFWLRQǭ,QIRUPDWLRQ6KRZWKH'HYLFH$UWLVW6RQJQDPHǮ  5HVXPHSDXVHWKHSOD\EDFNǯ,ҼҼҸҸ,6NLSWRSUHYLRXVRUQH[WILOH7RSDXVHUHVXPHSOD\EDFNWDSWKHǮ 7RVNLSWRWKHSUHYLRXVRUQH[WILOHWDSWKHǯ,ҼҼҸҸ,UHSHDWHGO\ǭǮ ǯǯǬ
$XGLR9LGHR1DYLJDWLRQ6\VWHP/)1+1; (QJOLVK%OXHWRRWK3KRQH%OXHWRRWKZLUHOHVVWHFKQRORJ\%OXHWRRWKRSHUDWLRQ7RXVHWKH%OXHWRRWKIXQFWLRQWKHIROORZLQJSURFHGXUHLVQHFHVVDU\Ҹ8QGHUVWDQGLQJ%OXHWRRWK:LUHOHVV7HFKQRORJ\7KH%OXHWRRWKZLUHOHVVWHFKQRORJ\HVWDEOLVKHVDZLUHOHVVFRQQHFWLRQEHWZHHQWZRGHYLFHVVXFKDV\RXUSKRQHDQGPHGLDFHQWHURIWKHFDU7KHILUVWWLPH\RXXVHWZRGHYLFHVWRJHWKHU\RXPXVWFRQQHFWWKHPE\HVWDEOLVKLQJSDLULQJYLDD3DVVNH\$IWHUWKHLQLWLDOFRQQHFWLRQWKHWZRGHYLFHVFDQFRQQHFWDXWRPDWLFDOO\1RWH↟7KHUHPD\EHUHVWULFWLRQVRQXVLQJ%OXHWRRWKWHFKQRORJ\LQVRPHORFDWLRQV↟%HFDXVHRIWKHYDULHW\RI%OXHWRRWKGHYLFHVDQGWKHLUILUPZDUHYHUVLRQV\RXUXQLWPD\UHVSRQGGLIIHUHQWO\ZKHQXVHGYLD%OXHWRRWK3DLULQJ:KHQFRQQHFWLQJ%OXHWRRWKGHYLFHVIRUWKHILUVWWLPHPXWXDOUHJLVWUDWLRQLVUHTXLUHG7KLVLVFDOOHGSDLULQJ7KLVUHJLVWUDWLRQSDLULQJLVUHTXLUHGRQO\IRUWKHILUVWWLPHDVWKLVXQLWDQGWKHRWKHUGHYLFHVZLOOUHFRJQL]HHDFKRWKHUDXWRPDWLFDOO\IURPWKHQH[WWLPH'HSHQGLQJRQWKHGHYLFH\RXPD\QHHGWRLQSXWDSDVVFRGHIRUHDFKFRQQHFWLRQ&RQQHFWLRQ6RPHWLPHVSDLULQJDOORZVDXWRPDWLFFRQQHFWLRQ7RXVHWKHGHYLFHDIWHUSDLULQJLVPDGHVWDUWWKHFRQQHFWLRQ+DQGVIUHHWDON0XVLFVWUHDPLQJ<RXFDQFDOODPRELOHSKRQHDQGOLVWHQWRPXVLFZKHQWKHFRQQHFWLRQLVPDGH↟6RPH%OXHWRRWKGHYLFHVPD\QRWVXSSRUWVSHFLILFIXQFWLRQV
(QJOLVK$XGLR9LGHR1DYLJDWLRQ6\VWHP/)1+1;%OXHWRRWK3KRQH&RQQHFWLQJWKH%OXHWRRWK3UHVVWKH3+21(EXWWRQWRHQWHUWKH3KRQHPHQXVFUHHQDQGWKHQWDSWKHǬ6HWXS6HOHFWWKH6HDUFK2Q'HYLFHWRHQWHUWKH3DLULQJUHDG\VFUHHQ7KH3DVVNH\1DPH621$7$DSSHDUVLQWKHGLVSOD\1RZVHW\RXU%OXHWRRWKGHYLFHWRVHDUFKIRUDQGSDLUZLWKWKLVXQLW$OLVWRIGHWHFWHGGHYLFHVDSSHDUVLQWKHGLVSOD\RIWKHFRQQHFWLQJGHYLFH7KLVXQLWLVGLVSOD\HGDV621$7$RQWKHFRQQHFWLQJGHYLFH&RQILUPWKLVE\SUHVVLQJ<(6RU2.RQ\RXUSKRQH,I3DVVNH\LQSXWLVUHTXLUHGRQWKHGLVSOD\RIDFRQQHFWLQJGHYLFHLQSXWGLJLW:KHQD%OXHWRRWKGHYLFHLVQRWFRQQHFWHGFRQQHFWLQJPHVVDJHDSSHDUV7DSWKH<(6DQGWKHQVNLSQH[WVWHSa7KLVXQLWDQG%OXHWRRWKGHYLFHUHPHPEHUHDFKRWKHUΰVLQIRUPDWLRQDQGZKHQSDLULQJLVPDGHWKLVXQLWLVUHDG\IRUFRQQHFWLRQWRWKHGHYLFH%OXHWRRWKGHYLFHPRGHOQDPHDQG&RQQHFWHGZLWK LQGLFDWRUDSSHDUVDIWHUSDLULQJLVFRPSOHWHG6RPH%OXHWRRWKGHYLFHVDVN\RXWRDFFHSWWKH%7OLQNRU&RQQHFW(QWHU<HVRU2.3DVVNH\PD\EHFDOOHGSDVVFRGH3,1QXPEHURU3DVVZRUGHWFGHSHQGLQJRQWKHGHYLFH6HWWKH%OXHWRRWKGHYLFHWRFRQQHFWWRWKLVXQLW,ISDLULQJLVVXFFHVVIXOWKHQWKHSKUDVHV&RQQHFWHGDQG+DQGVIUHHGHYLFHQDPHZLOOEHGLVSOD\HGRQWKHVFUHHQ,IWKHSDLUHG%OXHWRRWKGHYLFHVXSSRUWV%OXHWRRWKDXGLRWKHQ%7DXGLRGHYLFHQDPHZLOODOVREHGLVSOD\HG<RXU%OXHWRRWKGHYLFHLVQRZUHDG\IRUXVHZLWKWKLVXQLW1RWHV:KHQWKH3DLULQJ%OXHWRRWKGHYLFHV↟7KLVXQLWDOORZVDPD[LPXPRI%OXHWRRWKGHYLFHVWREHSDLUHG2QFHSDLUHGWKHGHYLFHLVUHWDLQHGLQPHPRU\DQGSDLULQJLVQRWUHTXLUHGDJDLQXQOHVVWKHGHYLFHLVGHOHWHGIURPWKHFDUUDGLR↟2QO\RQH%OXHWRRWKSKRQHPD\EHǬ7DSWKHǭ3DLULQJWRHQWHU3DLULQJ6HWWLQJVPHQXVFUHHQǭ
$XGLR9LGHR1DYLJDWLRQ6\VWHP/)1+1; (QJOLVK%OXHWRRWK3KRQH&RQQHFWLQJWKH%OXHWRRWKFRQQHFWHGWRWKLVXQLWDWRQHWLPHIRUKDQGVIUHHWHOHSKRQHRSHUDWLRQ↟,ID%OXHWRRWKPXVLFSOD\HULVWREHFRQQHFWHGWRJHWKHUZLWKDPRELOHSKRQHUHIHUWRSDJHί%OXHWRRWK$XGLR3OD\HUΰ↟%OXHWRRWKFRQQHFWLRQEHWZHHQWKLVXQLWDQGPRELOHSKRQHLVQRUPDOO\HVWDEOLVKHGXVLQJWKH+DQGV)UHH3URILOH+)3+RZHYHUVRPHPRELOHSKRQHVPD\RQO\DOORZWKHFRQQHFWLRQWREHHVWDEOLVKHGLQ+HDG6HW3URILOH+63DQGWKHUHIRUHVRPHIXQFWLRQVPD\QRWEHDYDLODEOHҸ&RQQHFWLQJD%OXHWRRWKSKRQH'HYLFHVDUHUHJLVWHUHGRQFHSDLUHGDQGFRQQHFWHGZLWKWKLVXQLW<RXFDQVHOHFWWKHUHJLVWHUHGGHYLFHDQGFRQQHFWGLVFRQQHFWGHOHWHLW,ISDLULQJKDVDOUHDG\EHHQDFKLHYHGVWDUWRSHUDWLRQIURPKHUH'HSHQGLQJRQWKHGHYLFHFRQQHFWLRQPD\VWDUWDXWRPDWLFDOO\DIWHUSDLULQJ&RQQHFWWRWKLVXQLWXVLQJ\RXUPRELOHSKRQHV%OXHWRRWKVHWWLQJV7KH%OXHWRRWKGHYLFHLVFRQQHFWHGZLWK LFRQDUHDSSHDUHGDQG%OXHWRRWKVLJQDOLVVZLWFKHGWRRQҸ'LVFRQQHFWLQJ&RQQHFWLQJDJDLQWKH%OXHWRRWKSKRQH,IGLVFRQQHFWLRQFRQQHFWLRQRIWKH%OXHWRRWKGHYLFHZLWKWKLVXQLWLVUHTXLUHGIROORZWKHVWHSVEHORZ3UHVVWKH3+21(EXWWRQ!WDSWKH 6HWXS!3DLULQJWRHQWHU3DLULQJ6HWWLQJVPHQXVFUHHQ7DSWKHFRQQHFWHGSKRQHOLVWDQGVHOHFWWKHGHVLUHGRSWLRQDVIROORZVǬ5HWXUQWRWKHSUHYLRXVVFUHHQǭҶҺ0RYHWRWKHSUHYLRXVQH[WOLVWSDJHǮ6HDUFKLQJPHWKRG6HDUFKIURP%OXHWRRWKGHYLFHRUWKLVXQLWIRUSDLULQJFRQQHFWLQJǯ&RQQHFW 'LVFRQQHFW&RQQHFWGLVFRQQHFWWKHVHOHFWHGGHYLFHǰ'HOHWH'HOHWHWKHVHOHFWHGGHYLFHDZ0RUH,QIR6KRZWKHLQIRUPDWLRQRIVHOHFWHGGHYLFHǮǬǭǯ ǰ DZ3KRQHPHQXҸ2SHUDWLQJWKHEDVLFSKRQHPHQX3UHVVWKH3+21(EXWWRQWRHQWHUWKH3KRQHPHQXVFUHHQDQGVHOHFWWKHGHVLUHGRSWLRQDVIROORZVǬ3KRQHQDPH6KRZWKHFRQQHFWHG%OXHWRRWKSKRQHQDPHǭ3KRQHFRQGLWLRQ6KRZWKHFRQQHFWHGSKRQHVEDWWHU\DQGQHWZRUNFRQGLWLRQǮ.H\SDG,QSXWWKHSKRQHQXPEHUǯ 6HQG6WDUWWKHGLDOLQJHQWHUHGQXPEHUǰ (QG(QGDFDOODZ 'HOHWHVHQWHUHGDQXPEHUDz&RQWDFWV2SHQWKHFRQWDFWVOLVWdz3ULYDWH+DQGVIUHH6ZLWFKWKHWDONSDWKGXULQJDFDOOǴ6HWXS(QWHUWKH%OXHWRRWK6HWXSPHQXVFUHHQǬ ǭǯǰDZǮDz dz Ǵ
(QJOLVK$XGLR9LGHR1DYLJDWLRQ6\VWHP/)1+1;%OXHWRRWK3KRQHҸ$QVZHULQJDFDOO:KHQ\RXUHFHLYHDFDOO\RXUSKRQHULQJVDQGWKH,QFRPLQJFDOOSRSXSVFUHHQLVGLVSOD\HGRQWKHVFUHHQ7RDQVZHUWKHFDOOSUHVVWKH&DOO> @EXWWRQRQWKH6WHHULQJZKHHOUHPRWHFRQWURORUWDSWKHǬ$FFHSWRQWKHVFUHHQ7KHEXLOWLQPLFURSKRQHRIWKLVXQLWZLOOSLFNXS\RXUYRLFH7RUHMHFWDQLQFRPLQJFDOOSUHVVWKH(QG>@EXWWRQRQWKH6WHHULQJZKHHOUHPRWHFRQWURORUWDSWKHǭ5HMHFWRQWKHVFUHHQҸ5HGLDOLQJWKH/DVW&DOO3UHVVDQGKROGWKH&DOO> @EXWWRQRQWKH6WHHULQJZKHHOUHPRWHFRQWUROWRVWDUWWKHODVWFDOOUHGLDOLQJҭ6RPHPRELOHSKRQHVPD\UHTXLUHDQDGGLWLRQDOSUHVVRIWKHEXWWRQZKHQVWDUWLQJODVWQXPEHUUHGLDOҸ0DNLQJDFDOOE\HQWHULQJSKRQHQXPEHU3UHVVWKH&DOO> @EXWWRQRQWKH6WHHULQJZKHHOUHPRWHFRQWUROWRGLVSOD\WKH3KRQHPHQXVFUHHQ,QSXWWKHSKRQHQXPEHU\RXZDQWWRFDOOE\XVLQJWKHǬ.H\SDGDQGWKHQWDSWKHǭ6HQGǬ ǭǬǭ<RXFDQXVHWKHSKRQHERRNHQWULHVVWRUHGRQWKHPHPRU\RISKRQHVXSSRUWLQJ3%$33KRQH%RRN$FFHVV3URILOHSURILOH$IWHUFRQQHFWLQJ\RXUXQLWDQG%OXHWRRWKSKRQHYLD%OXHWRRWKZLUHOHVVWHFKQRORJ\WKHQXPEHUVLQ\RXUSKRQHVSKRQHERRNLVWUDQVIHUUHGDXWRPDWLFDOO\LQWRWKHSKRQHERRNҸ(QGLQJSKRQHFDOOV7DSWKH(QG> @RQVFUHHQRUSUHVVWKH(QG> @EXWWRQRQWKH6WHHULQJZKHHOUHPRWHFRQWURO3KRQHPHQXҸ&DOOLQJDQXPEHULQWKHFDOOOLVW$IWHUFRQQHFWLQJWKLVXQLWDQG\RXU%OXHWRRWKSKRQHYLD%OXHWRRWKZLUHOHVVWHFKQRORJ\WKHQXPEHUVLQ\RXUSKRQHV'LDOHGFDOO5HFHLYHGFDOODQG0LVVHGFDOOOLVWDUHWUDQVIHUUHGDXWRPDWLFDOO\LQWRWKHFDOOOLVW7DSWKH 6HQGRQWKH3KRQHPHQXVFUHHQ6HOHFWWKHGHVLUHGFDOOOLVWDQGRSWLRQDVIROORZVǬ5HWXUQWRWKHSUHYLRXVVFUHHQǭҶҺ0RYHWRWKHSUHYLRXVQH[WSDJHLQWKHOLVWǮ&DOOOLVWW\SH6HOHFWWKHW\SHRIFDOOOLVWǯ'RZQORDG'RZQORDGFDOOOLVWIURP\RXUSKRQHǰ&DOO6WDUWWKHFDOOLQJVHOHFWHGFDOOOLVWDZ'HOHWH'HOHWHVHOHFWHGDOLVWDz'HO$OO'HOHWHDOOOLVW7RPDNHDFDOOWKHVHOHFWHGFRQWDFWOLVWWDSWKHǰ &DOOǬǭǯǮǰ DZ Dz&DOOOLVW3KRQHERRN
$XGLR9LGHR1DYLJDWLRQ6\VWHP/)1+1; (QJOLVK%OXHWRRWK3KRQH&DOOOLVW3KRQHERRNҸ8VLQJ\RXU3KRQHERRN$IWHUILQGLQJWKHHQWU\LQWKHSKRQHERRN\RXZDQWWRFDOO\RXFDQVHOHFWWKHQXPEHUDQGPDNHDFDOO7DSWKH &RQWDFWVRQWKH3KRQHPHQXVFUHHQ6HOHFWWKHGHVLUHGFRQWDFWOLVWDQGRURSWLRQDVIROORZVǬ5HWXUQWRWKHSUHYLRXVVFUHHQǭҶҺ0RYHWRWKHSUHYLRXVQH[WSDJHLQWKHOLVWǮ6HDUFKLQJPHWKRG6HDUFKPHWKRGE\QDPHRUQXPEHUǯ'RZQORDG'RZQORDGSKRQHERRNIURP\RXUSKRQHǰ &DOO6WDUWWKHFDOOLQJVHOHFWHGFRQWDFWOLVWDZ0RUH,QIR6KRZWKHLQIRUPDWLRQRIVHOHFWHGFRQWDFW7RPDNHDFDOOWKHVHOHFWHGFRQWDFWOLVWWDSǰ &DOOǬǭǯǮǰ DZ%OXHWRRWK6HWXS7RHQWHUWKH%OXHWRRWK6HWXSPHQXVFUHHQSUHVVWKH3+21(EXWWRQ!WDSWKHǬ 6HWXSҸ'HYLFH6HWWLQJV7DSWKH'HYLFHRQWKH%OXHWRRWK6HWXSPHQXVFUHHQDQGVHOHFWWKHGHVLUHG'HYLFHVHWWLQJPHQXDVIROORZVǬ 5HWXUQWRWKHSUHYLRXVVFUHHQǭ9ROXPH$GMXVWWKHOHYHORIWKHKDQGVIUHHWDONYROXPHǮ&KDQJH3DVVNH\&KDQJHWKH3DVVNH\IRU%OXHWRRWKSDLULQJǯ$XWR&RQQHFWLRQ6HWWKH$XWR&RQQHFWLRQPHWKRG7RVHWWKHYROXPHOHYHORIWKHKDQGVIUHHWDONWDSWKH9ROXPHWKHQVHOHFWWKHGHVLUHGVHWWLQJRSWLRQDVIROORZV6HOHFWWKHGHVLUHGVHWWLQJPHQXDVIROORZLQJVǬ3DLULQJ(QWHUWKH3DLULQJVHWWLQJVPHQXVFUHHQUHIHUWRSDJHa&RQQHFWLQJWKH%OXHWRRWKSKRQHVHFWLRQǭ'HYLFH(QWHUWKH'HYLFHVHWWLQJVPHQXVFUHHQǮ'DWD0DQDJHPHQW(QWHUWKH'DWD0DQDJHPHQWPHQXVFUHHQǬǬǭǮǬǭ Ǯ ǯǬǭǮ ǯ
(QJOLVK$XGLR9LGHR1DYLJDWLRQ6\VWHP/)1+1;%OXHWRRWK3KRQH%OXHWRRWK6HWXSǬ 5HWXUQWRWKHSUHYLRXVVFUHHQǭ9RO$GMXVWWKHOHYHORIWKHWDONYROXPHǮ2.&RQILUP\RXUVHOHFWLRQǯ 'HIDXOWYDOXH,QLWLDOL]HVHWWLQJVWRWKHGHIDXOWǬǭǮ ǯǬǭǮ ǯҸ&KDQJLQJWKH3DVVNH\7RFKDQJHWKH3DVVNH\IRU%OXHWRRWKSDLULQJWDSWKH&KDQJH3DVVNH\DQGWKHQVHOHFWWKHGHVLUHGVHWWLQJRSWLRQDVIROORZVǬ5HWXUQWRWKHSUHYLRXVVFUHHQǭ$XWRFRQQHFWLRQPHWKRG6HOHFWWKHDXWRFRQQHFWLRQPHWKRGRU2IIǮ2.&RQILUP\RXUVHOHFWLRQǯ'HIDXOWYDOXH,QLWLDOL]HVHWWLQJVWRWKHGHIDXOWҸ6HWWLQJWKH$XWR&RQQHFWLRQ7RDFWLYDWHGHDFWLYDWHWKHDXWRFRQQHFWLRQWDSWKH$XWR&RQQHFWLRQDQGWKHQVHOHFWWKHGHVLUHGVHWWLQJRSWLRQDVIROORZVǬ5HWXUQWRWKHSUHYLRXVVFUHHQǭ.H\SDG,QSXWWKHQXPEHUǮ2.&RQILUP\RXUVHOHFWLRQǯ'HIDXOWYDOXH,QLWLDOL]HVHWWLQJVWRWKHGHIDXOWǬǭǬǭ ǮҸ'DWD0DQDJHPHQW7RHQWHUWKH'DWD0DQDJHPHQWPHQXVFUHHQSUHVVWKH3+21(EXWWRQ!WDSWKHǬ 6HWXS!ǭ'DWD0DQDJHPHQW6HOHFWWKHGHVLUHG0DQDJLQJPHQXDVIROORZVǬ5HWXUQWRWKHSUHYLRXVVFUHHQǭ'HOHWH&DOO+LVWRU\'HOHWHWKHFDOOKLVWRU\Ǯ'HOHWH3KRQHERRN'HOHWHWKH3KRQHERRN,QFDVHRI'HOHWH&DOO+LVWRU\3KRQHERRNDGHOHWHPHVVDJHZLOODSSHDU7DSWKH<HVWRDFFHSWRU1RWRFDQFHOLW
$XGLR9LGHR1DYLJDWLRQ6\VWHP/)1+1; (QJOLVK'9'SOD\HU'9'9&'&'Ҹ3OD\LQJ'9'9LGHR&'$XGLR&',QVHUWD'9'9LGHR&'RU$XGLR&'LQWRWKHGLVFVORW3OD\EDFNPD\DXWRPDWLFDOO\VWDUWGHSHQGLQJRQWKHGLVF,WPD\WDNHVRPHWLPHWRVWDUWSOD\LQJ$OOWUDFNVZLOOEHSOD\HGXQWLO\RXFKDQJHWKHVRXUFHRUHMHFWWKHGLVF'LVFLVDOUHDG\LQVHUWHGSUHVVWKH0(',$EXWWRQDQGWKHQWDSWKH'9'9&'$XGLR&'RQWKH0HGLDPHQXVFUHHQ1RWH'9'UHJLRQQXPEHUV7KH6\VWHPZLOOUHIXVHWRSOD\GLVFVWKDWDUHQRWFRGHGIRULWVUHJLRQ&RQILUPWKHUHJLRQQXPEHUIRUWKLVPDFKLQHEHIRUHLQVHUWLQJGLVF7KHIXQFWLRQVRIWKH$XGLR&'SOD\HUDUHRSHUDWHGVLPLODUO\WR86%0XVLFSOD\EDFN,IDWLWOHPHQXDSSHDUVRQVFUHHQWKH'9'YLGHRKDVDWLWOHPHQXRUWKH9LGHR&'SOD\EDFNVFUHHQ!Ǭ3URJUHVVEDU6KRZWKHSURJUHVVEDUZLWKHODSVHGWLPHUXQQLQJWLPHIRUFXUUHQWO\SOD\LQJWUDFNǭ7UDFNQXPEHU6KRZVWKHFXUUHQWWUDFNQXPEHUǮ,QGLFDWRUWKH3%&VWDWXVǯ,ҼҼҸҸ,6NLSWRSUHYLRXVQH[WWUDFNǰ3DXVHUHVXPHWKHSOD\EDFNDZ 3%&6KRZVWKH3%&0HQXDz537&KDQJHWKH5HSHDWSOD\EDFNPRGHН5HSHDWSOD\VWKHFXUUHQWWUDFNН5HSHDWSOD\VDOOWUDFNVZLWKLQWKHGLVFdz/LVW(QWHUWKHWUDFNOLVWPHQXVFUHHQ7RUHWXUQWRWKHIXOOVFUHHQZLWKRXWFRQWUROSDQHOWDSWKH3OD\LQJVFUHHQDJDLQǬǭ ǭǮ ǯ ǰ9,'(2&'LVHTXLSSHGZLWKWKH3%&3OD\EDFN&RQWUROIXQFWLRQ)ROORZQH[WSDJH8VLQJWKH'9'7LWOH0HQXRU8VLQJWKH3%&PHQXRQ9&'VHFWLRQ&DXWLRQ:KLOHGULYLQJ\RXFDQQRWZDWFKWKH'9'9&'YLGHR,QFDVHRI'9'9LGHR&'WRVKRZWKHFRQWUROSDQHOVFUHHQWDSWKHSOD\LQJVFUHHQDQGVHOHFWWKHGHVLUHGRSWLRQDVIROORZV'9'SOD\EDFNVFUHHQ!Ǭ3OD\LQJLQIRUPDWLRQ6KRZVWKHFXUUHQWO\SOD\LQJLQIRUPDWLRQǭ,ҼҼҸҸ,6NLSWRSUHYLRXVRUQH[WWLWOHWDSIDVWUHZLQGRUIDVWIRUZDUGWDSDQGKROGǮ3DXVHUHVXPHWKHSOD\EDFNǯ0HQX6KRZWKH'9'0HQXVFUHHQǰ/LVW(QWHUWKHFKDSWHUWLWOHOLVWPHQXVFUHHQǬǭǮǯ ǯ DZǰDz dz
(QJOLVK$XGLR9LGHR1DYLJDWLRQ6\VWHP/)1+1;'9'9&'&''9'SOD\HU7RSDXVHUHVXPHSOD\EDFNWDSWKH  7RVNLSWRWKHSUHYLRXVRUQH[WWUDFNFKDSWHUWDSWKH,ҼҼҸҸ,UHSHDWHGO\7RIDVWVHDUFKIRU'9'WDSDQGKROGWKH,ҼҼҸҸ,UHSHDWHGO\(DFKWLPHWKHSOD\EDFNVSHHGFKDQJHVDVIROORZV[Ϧ[Ϧ[Ϧ[ϦQRUPDOϦ[Ϧ7RRSHQWKH'9'PHQXWDSWKH 0(18DQGVHOHFWWKHGHVLUHGRSWLRQIURP'9'FRQWHQWVDVIROORZVǬ'9'7LWOH6KRZWKH'9'7LWOHǭ'9'0HQX6KRZWKH'9'0HQXǮ &KDQJH9RLFH&KDQJHWKH9RLFHFRQWHQWVǯ&KDQJH6XEWLWOH&KDQJHWKH6XEWLWOHǰ &KDQJH$QJOH7DSLWUHSHDWHGO\WRFKDQJHWKHPXOWLDQJOHYLGHRFRQWHQWV7RRSHQWKH9&'3%&PHQXWDSWKH 3%&DQGVHOHFWWKHGHVLUHGRSWLRQDVIROORZVǬ3%&2II2Q$FWLYDWHGHDFWLYDWHWKH3%&)XQFWLRQǭ3%&0HQX6KRZVWKH3%&0HQXҸ8VLQJWKH'9'WLWOHPHQX7DSWKH '9'7LWOHRU '9'0HQXWRRSHQWKH'9'7LWOHRUPHQXVFUHHQDQGVHOHFWWKHGHVLUHGRSWLRQDVIROORZVǬǭǮǯǰǬǭǬǭǮǯǬǭǯǰDZǮ ǮǬ0LQ 0D[0LQLPL]H0D[LPL]HWKHPHQXFRQWUROVFUHHQǭ   2.0RYHDQGVHOHFWWKHLWHPǮÅ0RYHÆ0RYHWROHIWULJKWWKHPHQXFRQWUROVFUHHQǯ2ULJLQDO'9'WLWOHPHQXVFUHHQ7RHQWHUWKH'9'WLWOHPHQXLWHPVHOHFWWKHGHVLUHGWLWOHPHQXLWHPE\XVLQJWKH DQGWDSWKH2.Ҹ8VLQJWKH3%&PHQXRQWKH9&'7DSWKH 3%&! 3%&2QDQG 3%&0HQXWRRSHQWKH9&'3%&PHQX6HOHFWWKHGHVLUHGRSWLRQDVIROORZVǬ3UHYLHZVFUHHQ6KRZVWKHVHOHFWHGWUDFNVSUHYLHZYLGHRǭ.H\SDG(QWHUWKHWUDFNQXPEHUǮ3UH1H[W0RYHWRSUHYLRXVRUQH[WWUDFNǯ3%&2II'LVDEOHWKH3%&)XQFWLRQ3OD\EDFNPD\DXWRPDWLFDOO\VWDUWǰ5RRW*RWRWKH5RRWDZ'RQH6KRZVWKHVHOHFWHGWUDFNVYLGHR
$XGLR9LGHR1DYLJDWLRQ6\VWHP/)1+1; (QJOLVK'9'SOD\HU'9'9&'&'Ҹ3OD\DEOHGLVFVҭ&'&'5&'5:FRQWDLQLQJ$XGLRWUDFNVRU03>:0$@ILOHVҭ9LGHR&'9LGHR&'3%&'9''9'5RU'9'5:ҭ0L[HG'LVF&''$9&'5HFRJQL]HGDV9&'&''$035HFRJQL]HGDV&''$▶3OD\DEOHFRPSDWLEOHVRXQGPRGHҭ3&0'2/%<'761RUPDO6WHUHR/&+5&+/50L[0RQR'76&'03(*ǬǭǮǯҸ8VLQJWKH/LVWPRGH7DSWKH /LVWWRHQWHUWKH/LVWVFUHHQDQGVHOHFWWKHGHVLUHGRSWLRQDVIROORZVǬ7LWOH&KDSWHU7UDFN6HOHFWWRVKRZWKHOLVWW\SHǭ3UHYLHZVFUHHQ3UHYLHZWKHFXUUHQWO\SOD\LQJ7UDFNFKDSWHUWUDFN7RVWDUWSOD\EDFNIRUIXOOVFUHHQWDSLWǮ/LVW6KRZWKH7LWOH&KDSWHU7UDFNOLVWǯҶҺ0RYHWRWKHSUHYLRXVQH[WOLVWSDJHҸ(MHFWLQJDGLVF7RHQGSOD\EDFNSUHVVWKH(-(&7> @EXWWRQWRWDNHRXWWKHGLVF:KHQWKHGLVFFRPHVRXWLWDXWRPDWLFDOO\VZLWFKHVWRWKHSUHYLRXVO\XVHGIXQFWLRQRUWKH)0UDGLR7KHGLVFZLOODXWRPDWLFDOO\EHLQVHUWHGEDFNDJDLQLILWLVQRWWDNHQRXWIRUVRPHWLPHҸ'LVFKDQGOLQJSUHFDXWLRQVҭ+DQGOHGLVFVE\WKHHGJHVWRDYRLGLQDGYHUWHQWVFUDWFKHVRUILQJHUSULQWVRQWKHGLVFҭ'RQRWDWWDFKODEHOVRUVWLFNHUVWRGLVFV7KLVPD\FDXVHGLVFZDUSLQJUHQGHULQJLWXQXVDEOHҭ'RQRWZULWHRQWKHODEHOVLGHZLWKDEDOOSRLQWSHQRURWKHUZULWLQJLQVWUXPHQWҭ'RQRWXVHUHFRUGFOHDQLQJVSUD\VEHQ]HQHWKLQQHUVWDWLFHOHFWULFLW\SUHYHQWLRQOLTXLGVRUDQ\RWKHUVROYHQWҭ'RQRWXVHVFUDWFKSURRISURWHFWRUVRUFRYHUVҭ'RQRWXVHWKHIROORZLQJGLVFV'LVFVZLWKH[SRVHGDGKHVLYHIURPUHPRYHGVWLFNHUVRUODEHOVUHQWHGGLVFVHWF'LVFVWKRVHDUHEDGO\ZDUSHGRUFUDFNHG,UUHJXODUO\VKDSHGGLVFVVXFKDVKHDUWVKDSHV
(QJOLVK$XGLR9LGHR1DYLJDWLRQ6\VWHP/)1+1;1DYLJDWLRQ*HWWLQJVWDUWHGZLWK1DYLJDWLRQҸ:KDWLV*36"7KH*OREDO3RVLWLRQLQJ6\VWHP*36LVDVDWHOOLWHEDVHGQDYLJDWLRQV\VWHPPDGHXSRIDQHWZRUNRIVDWHOOLWHVSODFHGLQWRRUELWE\WKH86'HSDUWPHQWRI'HIHQVH*36ZDVRULJLQDOO\LQWHQGHGIRUPLOLWDU\DSSOLFDWLRQVEXWLQWKHVWKHJRYHUQPHQWPDGHWKHV\VWHPDYDLODEOHIRUFLYLOLDQXVH*36ZRUNVLQDQ\ZHDWKHUFRQGLWLRQVDQ\ZKHUHLQWKHZRUOGKRXUVDGD\7KHUHDUHQRVXEVFULSWLRQIHHVRUVHWXSFKDUJHVWRXVH*36Ҹ$ERXWVDWHOOLWHVLJQDOV<RXUXQLWPXVWDFTXLUHVDWHOOLWHVLJQDOVWRRSHUDWH,I\RXDUHLQGRRUVQHDUWDOOEXLOGLQJVRUWUHHVRULQDSDUNLQJJDUDJHWKHXQLWFDQQRWDFTXLUHVDWHOOLWHVҸ$FTXLULQJVDWHOOLWHVLJQDOV%HIRUHWKHXQLWFDQILQG\RXUFXUUHQWORFDWLRQDQGQDYLJDWHDURXWH\RXPXVWGRWKHIROORZLQJVWHSV*RRXWVLGHWRDQDUHDIUHHIURPWDOOREVWUXFWLRQV7XUQRQWKHXQLW$FTXLULQJVDWHOOLWHVLJQDOVFDQWDNHDIHZPLQXWHVҸ,QLWLDOQDYLJDWLRQVFUHHQ$IWHUWKHLJQLWLRQVZLWFKLVSODFHGLQWKH$&&RU21SRVLWLRQZKHQ\RXHQWHUDQDYLJDWLRQPRGHIRUWKHILUVWWLPHWKHFDXWLRQVFUHHQLVGLVSOD\HGRQWKHVFUHHQ5HDGWKHFDXWLRQFDUHIXOO\DQGWKHQWRXFK>$JUHH@Ҹ&DQQRWLGHQWLI\WKHFXUUHQWORFDWLRQ*36QRWUHFHLYLQJ*36FDQQRWEHXVHGLQGRRUVDQGPXVWEHFRQQHFWHGWRDSRZHUVRXUFHZLWK$&&LQDYHKLFOHLQDORFDWLRQZKHUHWKHVLJQDOIURPWKHVN\FDQEHUHFHLYHGHDVLO\:KHQLQLWLDOO\FRQQHFWLQJWKH*36LWXVXDOO\WDNHVDERXWPLQXWHVWREHZRUNLQJQRUPDOO\EXWWKHFRQQHFWLRQVSHHGFDQGLIIHUGHSHQGLQJRQWKHZHDWKHUFRQGLWLRQDQGVXUURXQGLQJREVWDFOHV,IWKH*36FRQQHFWLRQLVXQVWDEOHIRUDORQJSHULRGRIWLPHWU\WKHIROORZLQJҭ&KHFNLIWKHSURGXFWLVFRQQHFWHGWRDSRZHUVRXUFHҭ&KHFNLIWKHEDFNRIWKH*36SURGXFWLVLQDORFDWLRQZKHUHWKHVN\FDQEHVHHQZHOOҭ,IWKHUHDUHKLJKEXLOGLQJVRULI\RXDUHXQGHUDWUHHPRYHWRDORFDWLRQZKHUHWKHUHDUHQWDQ\REVWDFOHVҸ&DQQRWKHDUWKHYRLFHJXLGH7KHYROXPHLVQRWVHWFRUUHFWO\RULWLVWXUQHGRII$GMXVWWKHYROXPHRIYRLFHJXLGDQFH7KHUHLVDGLIIHUHQFHEHWZHHQWKHGULYLQJURDGDQGWKHURDGRQWKHPDSLQWKHSURGXFW(YHQWKRXJK*36LVXVXDOO\YHU\DFFXUDWHWKHUHLVDVPDOOPDUJLQIRUHUURU:KHQWKH*36UHFHLYHULVLQVWDOOHGWKHUHFDQEHDQHUURURIDERXWP%XWIRU
1DYLJDWLRQ$XGLR9LGHR1DYLJDWLRQ6\VWHP/)1+1; (QJOLVK*HWWLQJVWDUWHGZLWK1DYLJDWLRQQHZO\EXLOWURDGVWKHSUREOHPFRXOGFRPHIURPWKHGDWDXSGDWHWRWKHPDSҸ&DQQRWVHHWKHPDS3HUKDSV\RXFDQQRWVHHWKHPDSHYHQZKHQ\RXKDYHH[HFXWHGWKHQDYLJDWLRQPHQX7KLVKDSSHQVZKHQWKHGDWDZLWKLQWKHPHPRU\LVGDPDJHG'HOHWHDOOWKHGDWDLQWKHPHPRU\DQGLQVWDOOWKHGDWDDJDLQ,IWKHLVVXHSHUVLVWVDIWHULQVWDOODWLRQFRQWDFWWKH$6FHQWHUҸ7KHSDWKJXLGHFDQEHGLIIHUHQWIURPWKHDFWXDOSDWK3DWKJXLGHHUURUҭ:KHQWKHURDGLVFORVHO\SDUDOOHOҭ:KHQWKHVSOLWWLQJURDGDQJOHLVYHU\VPDOOҭ:KHQWKHUHLVDQDGMDFHQWURDGZKHQWXUQLQJҭ:KHQGULYLQJRQDURDGWKDWLVQDUURZLQJIDVWҭ:KHQGULYLQJWKURXJKWKHPRXQWDLQRUZKHUHWKHURDGLVWRRFXUY\ҭ:KHQWKHVWDUWLQJSDVVLQJDQGDUULYLQJORFDWLRQVDUHWRRFORVHZLWKLQNPҭ:KHQ\RXKDYHVHWWKHVWDUWLQJSDVVLQJRUDUULYLQJORFDWLRQPRUHWKDQNPDZD\IURPWKHURDGҭ:KHQGULYLQJWKURXJKWKHWXQQHOҸ0DSPDWFKLQJ$VPHQWLRQHGWKH*36V\VWHPVXVHGE\WKLV1DYLJDWLRQ6\VWHPDUHVXVFHSWLEOHWRFHUWDLQHUURUV7KHLUFDOFXODWLRQVPD\RQRFFDVLRQSODFH\RXLQDORFDWLRQWKHPDSZKHUHQRURDGH[LVWV,QWKLVVLWXDWLRQWKHSURFHVVLQJV\VWHPXQGHUVWDQGVWKDWYHKLFOHVWUDYHORQO\RQURDGVDQGLVDEOHWRFRUUHFW\RXUSRVLWLRQE\DGMXVWLQJLWWRDQHDUE\URDG7KLVLVFDOOHGPDSPDWFKLQJ:LWKPDSPDWFKLQJ!:LWKQRPDSPDWFKLQJ!
1DYLJDWLRQ$XGLR9LGHR1DYLJDWLRQ6\VWHP/)1+1;(QJOLVK*HWWLQJVWDUWHGZLWK1DYLJDWLRQ7RHQWHUWKH1DYLJDWLRQPRGHSUHVVWKHFRUUHVSRQGLQJEXWWRQDVEHORZ0$3'LVSOD\WKHFXUUHQWORFDWLRQPDSVFUHHQ:KHQWKH1DYLJDWLRQPRGHLVGLVSOD\HGWKHUHOHYDQWSUHYLRXVO\XVHGUDGLRRUPHGLDSOD\EDFNZLOOUHPDLQZLWKRXWYLVLEOHRQWKHVFUHHQ7KLVIHDWXUHLVGLVSOD\HGRQWKHVFUHHQRUFKDQJHVRWKHUIHDWXUHVWRWKHIHDWXUHEXWWRQ:KHQWKH1DYLJDWLRQPRGHLVGLVSOD\HG\RXFDQFRQWUROSOD\EDFNIRUEDFNJURXQGUDGLRRUPHGLDSOD\LQJPRGHE\XVLQJWKHEXWWRQVGLDOVRQVWHHULQJZKHHOUHPRWHFRQWURODQGXQLW)RUPRUHLQIRUPDWLRQDERXWKRZWRXVHWKH1DYLJDWLRQV\VWHPUHIHUWRLWVLQVWUXFWLRQPDQXDO5287('LVSOD\WKHURXWHPHQXVFUHHQ1$9,(QWHUWKHGHVWLQDWLRQPHQXVFUHHQ7RFKDQJHWKHPDSVFDOHRQPDSVFUHHQURWDWHWKH781(),/(GLDO7RUHSHDWWKHYRLFHJXLGDQFHSUHVVWKH(17(5EXWWRQ
$XGLR9LGHR1DYLJDWLRQ6\VWHP/)1+1; (QJOLVK6HWWLQJV6HWWLQJWKH6RXQG3UHVVWKH6(783EXWWRQWRHQWHUWKH6(783PHQXVFUHHQDQGVHOHFWWKHGHVLUHGRSWLRQDVIROORZVǬ6RXQG6HWVWKHVRXQGVWDWHǭ'LVSOD\6HWVWKHVFUHHQVWDWHǮ6\VWHP6KRZVWKHV\VWHPLQIRUPDWLRQRIWKHSURGXFWDQGVKRXOGXSGDWH7DSWKH6RXQGWRHQWHUWKH6RXQG6HWWLQJVPHQXVFUHHQDQGVHOHFWWKHGHVLUHGRSWLRQDVIROORZVǬ5HWXUQWRWKHSUHYLRXVVFUHHQǭ%$/)$'(56HWWKH%DODQFH)DGHUIRUOLVWHQLQJSRVLWLRQRU7UHEOH0LG%DVV%HHSOHYHOǮ(46HWWKH(4VW\OHǯ1$9,0L[6HWWKHPHGLDYROXPHZKHQYRLFHJXLGDQFHLQVWUXFWVWKHGLUHFWLRQҸ$GMXVWLQJWKHVRXQG%DODQFH)DGHUDQG7UHEOH0LG%DVV%HHSOHYHO7DSWKH%$/)$'(5RQ6RXQG6HWWLQJVPHQXVFUHHQDQGVHOHFWWKHGHVLUHGRSWLRQDVIROORZVǬ5HWXUQWRWKHSUHYLRXVVFUHHQǭҶҺҼҸ$GMXVWWKHVRXQGEDODQFHRUIDGHUIRUOLVWHQLQJSRVLWLRQǮ&HQWHU5HWXUQWRFHQWHUIRUOLVWHQLQJSRVLWLRQǯ$GMXVWWKHOHYHORI7UHEOH0LG%DVV%HHSVRXQGǰ2.&RQILUP\RXUVHOHFWLRQDZ'HIDXOW9DOXH,QLWLDOL]HVHWWLQJVWRWKHGHIDXOWҸ6HOHFWLQJWKH(4VW\OHDQG/RXGQHVVIXQFWLRQ7DSWKH(4RQWKH6RXQG6HWWLQJVPHQXVFUHHQDQGVHOHFWWKHGHVLUHG(4RSWLRQDVIROORZVǮǭǬǮ ǯǭǬǮǯǰ DZǭǬǬ5HWXUQWRWKHSUHYLRXVVFUHHQǭҶҺ$GMXVWHDFKOHYHORIIUHTXHQF\EDQGIRUFXVWRPVRXQGVW\OHǮ(4VW\OHV6HOHFWWKH(4(TXDOL]HUVW\OHRUFXVWRPL]HWKH\RXURSWLRQǯ/RXGQHVVRQ;$FWLYDWHGHDFWLYDWHWKHORXGQHVVPRGHǰ2.&RQILUP\RXUVHOHFWLRQDZ'HIDXOW9DOXH,QLWLDOL]HVHWWLQJVWRWKHGHIDXOWҸ6HWWLQJWKH1$9,0L[IXQFWLRQ7DSWKH1$9,0L[RQWKH6RXQG6HWWLQJVPHQXVFUHHQDQGVHOHFWWKHGHVLUHGRSWLRQDVIROORZVǮǯDZǰǭǬǮǭǬ
(QJOLVK$XGLR9LGHR1DYLJDWLRQ6\VWHP/)1+1;6HWWLQJV6HWWLQJWKH6RXQG 6HWWLQJWKH'LVSOD\Ǭ5HWXUQWRWKHSUHYLRXVVFUHHQǭa6HOHFWWKHOHYHORIPHGLDYROXPHIRUYRLFHJXLGDQFHLQVWUXFWVǮ2.&RQILUP\RXUVHOHFWLRQ7DSWKH'LVSOD\RQWKH6(783PHQXVFUHHQDQGVHOHFWWKHGHVLUHGRSWLRQDVIROORZVǬ5HWXUQWRWKHSUHYLRXVVFUHHQǭ%ULJKWQHVV&RORU6HWWKH%ULJKWQHVV&RORURIWKHVFUHHQǮ3LFWXUH)UDPH6HWWKHIUDPHRISRZHURIIVWDQGE\PRGHҸ$GMXVWLQJWKHEULJKWQHVVDQGFRORURIWKHVFUHHQ7DSWKH%ULJKWQHVV&RORURQ'LVSOD\6HWWLQJVPHQXVFUHHQDQGVHOHFWWKHGHVLUHGRSWLRQDVIROORZVǬ5HWXUQWRWKHSUHYLRXVVFUHHQǭ/RZ+LJK$GMXVWWKHOHYHORIWKHEULJKWQHVVDQGFRORUIRU9LGHRVFUHHQǮ2.&RQILUP\RXUVHOHFWLRQǯ'HIDXOWYDOXH,QLWLDOL]HVHWWLQJVWRWKHGHIDXOWҸ6HWWLQJWKH3LFWXUH)UDPHW\SHIRUSRZHURIIVWDQGE\PRGH7DSWKH3LFWXUH)UDPHRQWKH'LVSOD\6HWWLQJVPHQXVFUHHQDQGVHOHFWWKHGHVLUHGRSWLRQDVIROORZVǬ5HWXUQWRWKHSUHYLRXVVFUHHQǭ&ORFN1R,PDJHVHOHFWWKHGHVLUHGIUDPHW\SHRIVWDQGE\PRGHVFUHHQǮ2.&RQILUP\RXUVHOHFWLRQǮǭǬǮ ǯǭǬǮǭǬ
$XGLR9LGHR1DYLJDWLRQ6\VWHP/)1+1; (QJOLVK6HWWLQJV6HWWLQJWKH6\VWHP7DSWKH6\VWHPRQWKH6(783PHQXVFUHHQDQGVHOHFWWKHGHVLUHGRSWLRQDVIROORZVǬ5HWXUQWRWKHSUHYLRXVVFUHHQǭ'HYLFH,QIRUPDWLRQ&KHFNWKHLQIRUPDWLRQRIWKLV$9V\VWHPXSGDWHWKHVRIWZDUHRUUHVWRUHDOOVHWWLQJVWRGHIDXOWVHWWLQJVǮ/DQJXDJH6HOHFWWKHODQJXDJHWREHGLVSOD\HGRQWKHVFUHHQǯ7LPH6HWWKHWLPHIRUPDWDQGFXUUHQWWLPHǰ'9'6HWWKH'9'SOD\HUSHUIRUPDQFHҸ&KHFNLQJ8SGDWLQJ,QLWLDOL]LQJWKLVXQLW7DSWKH'HYLFH,QIRUPDWLRQRQWKH6\VWHP6HWWLQJVPHQXVFUHHQDQGVHOHFWWKHGHVLUHGRSWLRQDVIROORZVǮǭǬǯ ǰǮǭǬǬ5HWXUQWRWKHSUHYLRXVVFUHHQǭ'HYLFHLQIRUPDWLRQ6KRZVWKHV\VWHPVRIWZDUHYHUVLRQRIWKLVXQLWǮ6RIWZDUH8SGDWH8SGDWHWKHV\VWHPVRIWZDUHE\GRZQORDGLQJQHZILUPZDUHILOHVLQD86%GHYLFHǯ6\VWHP'HIDXOW,QLWLDOL]HDOOWKHVHWWLQJVWRWKHGHIDXOWǰ7RXFK&DOLEUDWLRQ,IWRXFKSRLQWGRHVQRWILWZHOOLWFDQEHFDOLEUDWHGVRWKDWLWVSRVLWLRQLVPRUHDSSURSULDWHDZ2.&RQILUP\RXUVHOHFWLRQǮDZǯǭǬǰҸ6HOHFWLQJWKH/DQJXDJH7DSWKH/DQJXDJHRQWKH6\VWHP6HWWLQJVPHQXVFUHHQDQGVHOHFWWKHGHVLUHGRSWLRQDVIROORZVǬ5HWXUQWRWKHSUHYLRXVVFUHHQǭ/DQJXDJH6HOHFWWKHODQJXDJHIRUGLVSOD\LQJRQWKHVFUHHQǮ2.&RQILUP\RXUVHOHFWLRQ
DZǯǰǬ(QJOLVK$XGLR9LGHR1DYLJDWLRQ6\VWHP/)1+1;6HWWLQJWKH6\VWHP6HWWLQJVǯǮǭǬǰ DZǬ5HWXUQWRWKHSUHYLRXVVFUHHQǭ7LPH)RUPDW6HWWKHWLPHIRUPDWEHWZHHQWKH+URU+UǮ*36$XWR7LPH6HW$FWLYDWH2QGHDFWLYDWH2IIWKHFXUUHQWWLPHVHWWLQJYLD*36VLJQDOǯ$030$GMXVWWKH+RXU0LQXWH$030RU'D\0RQWK<HDUǰ2.&RQILUP\RXUVHOHFWLRQDZ'DWH7LPH(QWHUWKH'DWH7LPH6HWWLQJVVFUHHQǭǮǯǬҸ6HWWLQJWKH'9'3OD\HU7DSWKH'9'RQWKH6\VWHP6HWWLQJVPHQXVFUHHQDQGVHOHFWWKHGHVLUHGRSWLRQDVIROORZVǬ5HWXUQWRWKHSUHYLRXVVFUHHQǭ/DQJXDJHOLVW6HWWKHODQJXDJHIRU'9'SOD\HUVSHUIRUPDQFHǮ2WKHU2SHQWKHRWKHUODQJXDJHLQSXWVFUHHQǯ1R&DSWLRQ'LVDEOHWKHFDSWLRQGLVSOD\LQJǰ2.&RQILUP\RXUVHOHFWLRQ,QFDVHRIǮ2WKHUVVHOHFWLQJHQWHUWKHGHVLUHG/DQJXDJH&RGHE\XVLQJWKHDZ.H\SDGDQGWDSWKHdz2.5HIHUWR/DQJXDJHFRGHWDEOHLQQH[WSDJHǬ5HWXUQWRWKHSUHYLRXVVFUHHQǭ9RLFH6HWWKH9RLFHODQJXDJHIRU'9'SOD\HUVSHUIRUPDQFHǮ&DSWLRQ6HWWKH&DSWLRQODQJXDJHǯ0HQX6HWWKH0HQXODQJXDJH7DSWKHǭ9RLFHǮ&DSWLRQRUǯ0HQXRQWKH'9'VHWWLQJVPHQXVFUHHQDQGVHOHFWWKHGHVLUHGRSWLRQDVIROORZVҸ6HWWLQJWKH7LPHDQG'DWH7DSWKH7LPHRQWKH6\VWHP6HWWLQJVPHQXVFUHHQDQGVHOHFWWKHGHVLUHGRSWLRQDVIROORZVǬǭǮǰDZDz dzǯǰǭǮǬDZ.H\SDG(QWHUWKHQXPEHUDz'HOHWH'HOHWHWKHLQSXWQXPEHUdz2.&RQILUP\RXUVHOHFWLRQ
$XGLR9LGHR1DYLJDWLRQ6\VWHP/)1+1; (QJOLVK6HWWLQJV6HWWLQJWKH6\VWHPҸ/DQJXDJHFRGHWDEOH/DQJXDJH &RGH$IDU $ENKD]LDQ $IULNDDQV $PKDULF $UDELF $VVDPHVH $\PDUD $]HUEDLMDQL %DVKNLU %\HORUXVVLDQ %XOJDULDQ %LKDUL %LVODPD %HQJDOL 7LEHWDQ %UHWRQ &DWDODQ &RUVLFDQ &]HFK :HOVK 'DQLVK *HUPDQ %KXWDQL /DQJXDJH &RGH*UHHN (QJOLVK (VSHUDQWR 6SDQLVK (VWRQLDQ %DVTXH 3HUVLDQ )LQQLVK )LML )DHURHVH )UHQFK )ULVLDQ ,ULVK 6FRWV*DHOLF *DOLFLDQ *XDUDQL *XMDUDWL +DXVD +LQGL &URDWLDQ +XQJDULDQ $UPHQLDQ ,QWHUOLQJXD /DQJXDJH &RGH,QWHUOLQJXH ,QXSLDN ,QGRQHVLDQ ,FHODQGLF ,WDOLDQ +HEUHZ -DSDQHVH <LGGLVK -DYDQHVH *HRUJLDQ .D]DNK *UHHQODQGLF &DPERGLDQ .DQQDGD .RUHDQ .DVKPLUL .XUGLVK .LUJKL] /DWLQ /LQJDOD /DRWKLDQ /LWKXDQLDQ /DWYLDQ /DQJXDJH &RGH0DODJDV\ 0DRUL 0DFHGRQLDQ 0DOD\DODP 0RQJROLDQ 0ROGDYLDQ 0DUDWKL 0DOD\ 0DOWHVH %XUPHVH 1DXUX 1HSDOL 'XWFK 1RUZHJLDQ 2FFLWDQ $IDQ2URPR 2UL\D 3XQMDEL 3ROLVK 3DVKWR 3RUWXJXHVH 4XHFKXD 5KDHWR5RPDQFH/DQJXDJH &RGH.LUXQGL 5RPDQLDQ 5XVVLDQ .LQ\DUZDQGD 6DQVNULW 6LQGKL 6DQJUR 6HUER&URDWLDQ6LQJKDOHVH 6ORYDN 6ORYHQLDQ 6DPRDQ 6KRQD 6RPDOL $OEDQLDQ 6HUELDQ 6LVZDWL 6HVRWKR 6XGDQHVH 6ZHGLVK 6ZDKLOL 7DPLO 7HOXJX /DQJXDJH &RGH7DMLN 7KDL 7LJULQ\D 7XUNPHQ 7DJDORJ 6HWVZDQD 7RQJD 7XUNLVK 7VRQJD 7DWDU 7ZL 8NUDLQLDQ 8UGX 8]EHN 9LHWQDPHVH 9RODSXN :RORI ;KRVD <RUXED 6&KLQHVH =XOX 
(QJOLVK$XGLR9LGHR1DYLJDWLRQ6\VWHP/)1+1;$SSHQGL[7URXEOHVKRRWLQJ6\PSWRQ3RZHUGRHVQRWWXUQRQ7KHXQLWGRHVQRWRSHUDWH86%SOD\EDFNLVQRWSRVVLEOH'LVFGRHVQRWVWDUWSOD\EDFN1RVRXQG&DXVH7KHLJQLWLRQVZLWFKLV127WXUQHG217KHLJQLWLRQVZLWFKLV127VHWWR$&&7KHSRZHURIXQLWLVWXUQHG2))1RLVHDQGRWKHUIDFWRUVDUHFDXVLQJWKHEXLOWLQPLFURSURFHVVRUWRRSHUDWHLQFRUUHFWO\7KHXQLWGRHVQRWRSHUDWHQRUPDOO\7KHW\SHRI86%ORDGHGFDQQRWEHSOD\HGE\WKLVXQLW7KHILOHVRQWKH86%DUHDQLUUHJXODUILOHIRUPDW7KHUHJLRQQXPEHURIWKH'9'GLVFLVXQPDWFKHGWRWKHXQLW$QXQSOD\DEOHGLVFLVLQVHUWHG7KHGLVFLVGLUW\7KHYROXPHOHYHOLVORZ92/087(7KHPXWHLVRQ&RUUHFWLRQ7XUQWKHLJQLWLRQVZLWFKWR216HWWKHLJQLWLRQVZLWFKWR$&&7XUQWKHXQLWRQE\SUHVVLQJ32:(5EXWWRQRQWKHIURQWSDQHO7XUQWKHXQLWRIIDQGWKHQRQ<RXFDQUHVHWWKHXQLW3UHVVWKH5(6(7EXWWRQZLWKDVKDUSREMHFW&KHFNWKHW\SHRI86%PHPRU\&KHFNWKHILOHIRUPDW2QO\'9'GLVFVZLWKWKH8QLWΰVSOD\DEOHUHJLRQFRGHRU$OORUZLWKQRUHJLRQQXPEHUFDQEHSOD\HGE\WKHXQLW&KHFNWKHSOD\DEOHGLVFV(MHFWWKHGLVFDQGFOHDQLW,QFUHDVHWKHYROXPH7XUQWKHPXWHRII
$XGLR9LGHR1DYLJDWLRQ6\VWHP/)1+1; (QJOLVK$SSHQGL[6SHFLILFDWLRQV)0$05DGLR86%3OD\HU'LVFSOD\HU%OXHWRRWK$8;Ҹ1RWH7KLVHTXLSPHQWRSHUDWHVRQDVHFRQGDU\EDVLVLHQRWHQWLWOHGWRSURWHFWLRQIURPKDUPIXOLQWHUIHUHQFHHYHQIURPVWDWLRQVRIWKHVDPHW\SHDQGFDQQRWFDXVHLQWHUIHUHQFHWRV\VWHPVRSHUDWHGRQDSULPDU\EDVLV)0a0+]N+]6WHSVa0+]N+]6WHSV$0aN+]N+]6WHSVaN+]N+]6WHSVaN+]N+]6WHSV)0ٟ$0ٟG%0XVLF03aNESVaNESV:0$aNESV9LGHR03:0903(*,PDJH-3*[%0331*[,62OHYHO-ROLHW036DPSOLQJUDWHN+]%LWUDWHa.%VZLWK9%5,'Y,'Y&'&'5&'5:FRQWDLQLQJ$XGLRWUDFNVRU03>:0$@ILOHV9LGHR&'9LGHR&'3%&'9''9'5RU'9'5:&''$9&'0L[HG'LVF5HFRJQL]HGDV9&'&''$030L[HG'LVF5HFRJQL]HGDV&''$3&0'2/%<'761RUPDO6WHUHR/&+5&+/50L[0RQR'76&'03(*9HUVLRQ('5G%P0D[$GYDQFHG$XGLR'LVWULEXWLRQ3URILOH$XGLR5HPRWH&RQWURO3URILOH+DQGV)UHH3URILOH+HDG6HW3URILOH99ROXPH6WHSP9#.RKPVҭ5DQJHRIWXQLQJҭ6HQVLWLYLW\ҭ'LYLVLRQVWHUHR)0ҭ8VDEOHPHGLDILOHIRUPDWҭ)RUPDWORJLFDOILOHҭ,'7DJVҭ3OD\DEOHGLVFVҭ3OD\DEOHVRXQGPRGHҭ9HUVLRQҭ2XWSXW3RZHUҭ3URILOHҭ,QSXWVHQVLWLYLW\
(QJOLVK$XGLR9LGHR1DYLJDWLRQ6\VWHP/)1+1;$SSHQGL[/LPLWHG:DUUDQW\Ҹ:+$77+,6:$55$17<&29(569HKLFOH'HDOHU6KRS'HDOHUZDUUDQWVWR\RXWKDWWKH+DUGZDUHZLOOEHIUHHIURPGHIHFWVLQZRUNPDQVKLSDQGPDWHULDOVXQGHU1RUPDOXVH'HIHFWVIURPWKHRULJLQDOGDWHRIWKHUHJLVWUDWLRQRIWKHPRWRUYHKLFOH:DUUDQW\3HULRG'XULQJWKH:DUUDQW\3HULRGWKH+DUGZDUHZLOOEHUHSDLUHGRUUHSODFHGDW'($/(5VFKRLFH/LPLWHG:DUUDQW\ZLWKRXWFKDUJHWR\RXIRUHLWKHUSDUWVRUODERU7KLV/LPLWHG:DUUDQW\FRYHUVWKHUHSODFHPHQWRIWKHKHDGXQLWLQFOXGLQJRIWKH+DUGZDUHRQO\Ҹ:+$77+,6:$55$17<'2(6127&29(57KH/LPLWHG:DUUDQW\GRHVQRWDSSO\WRQRUPDOZHDUDQGWHDUGRHVQRWDSSO\ZKHQWKH+DUGZDUHLVRSHQHGRUUHSDLUHGE\VRPHRQHQRWDXWKRUL]HGE\'($/(5DQGGRHVQRWFRYHUUHSDLURUUHSODFHPHQWRIDQ\+DUGZDUHRUSDUWWKHUHRIGDPDJHGE\PLVXVHPRLVWXUHOLTXLGVSUR[LPLW\RUH[SRVXUHWRKHDWDQGDFFLGHQWDEXVHQRQFRPSOLDQFHZLWKWKHLQVWUXFWLRQVVXSSOLHGZLWKWKH+DUGZDUHQHJOHFWRUPLVDSSOLFDWLRQ7KH/LPLWHG:DUUDQW\GRHVQRWFRYHUSK\VLFDOGDPDJHWRWKHVXUIDFHRIWKH+DUGZDUH7KLV/LPLWHG:DUUDQW\GRHVQRWFRYHUDQ\VRIWZDUHWKDWPD\DFFRPSDQ\RUEHLQVWDOOHGRQWKH+DUGZDUH7KH/LPLWHG:DUUDQW\GRHVQRWFRYHUWKHLQVWDOODWLRQUHPRYDORUPDLQWHQDQFHRIWKH+DUGZDUHRUDQ\FRVWVUHODWHGKHUHZLWKҸ+2:720$.($:$55$17<&/$,0,QRUGHUWRPDNHDFODLPRID'HIHFW\RXPXVWFRQWDFW'($/(5,IDGHIHFWDULVHVDQGDYDOLGFODLPXQGHUWKLV/LPLWHG:DUUDQW\LVUHFHLYHGE\'($/(5$IWHUWKHZDUUDQW\3HULRG'($/(5LVHQWLWOHGWRFKDUJH\RXIRUDQ\UHDVRQDEOHVKLSSLQJDQGKDQGOLQJFRVWVPDGHLQFRQQHFWLRQZLWKWKHUHSDLURUUHSODFHPHQWRIWKH+DUGZDUH<RXPXVWFRPSO\ZLWKDQ\RWKHUUHWXUQSURFHGXUHVVWLSXODWHGE\'($/(5LIDQ\Ҹ'($/(5/,0,7(':$55$17<<285/(*$/5,*+766RPHFRXQWULHVPD\QRWDOORZWKHH[FOXVLRQRUOLPLWDWLRQRIGDPDJHV,IDQ\SDUWRIWKLV/LPLWHG:DUUDQW\LVKHOGWREHLQYDOLGRUXQHQIRUFHDEOHWKHUHPDLQGHURIWKH/LPLWHG:DUUDQW\VKDOOQRQHWKHOHVVUHPDLQLQIXOOIRUFHDQGHIIHFW7KLV/LPLWHG:DUUDQW\LVWKHRQO\H[SUHVVZDUUDQW\PDGHWR\RXDQGLVSURYLGHGLQSODFHRIDQ\RWKHUH[SUHVVZDUUDQWLHVRUVLPLODUREOLJDWLRQVLIDQ\FUHDWHGE\DQ\DGYHUWLVLQJGRFXPHQWDWLRQSDFNDJLQJRURWKHUFRPPXQLFDWLRQV25,*,1$/1$9,*$7,21+($'81,76833/,('%<9(+,&/('($/(53URGXFW3URGXFW1R
$XGLR9LGHR1DYLJDWLRQ6\VWHP/)1+1; (QJOLVK$SSHQGL[/LPLWHG:DUUDQW\([FHSWIRUWKH/LPLWHG:DUUDQW\DQGWRWKHPD[LPXPH[WHQWSHUPLWWHGE\DSSOLFDEOHODZ'($/(5DQGLWVVXSSOLHUVSURYLGHWKH+DUGZDUH$6,6$1':,7+$//)$8/76DQGKHUHE\GLVFODLPDOORWKHUZDUUDQWLHVDQGFRQGLWLRQVZKHWKHUH[SUHVVLPSOLHGRUVWDWXWRU\LQFOXGLQJEXWQRWOLPLWHGWRDQ\LIDQ\LPSOLHGZDUUDQWLHVGXWLHVRUFRQGLWLRQVRIVDWLVIDFWRU\TXDOLW\RIILWQHVVIRUDSDUWLFXODUSXUSRVHRIUHOLDELOLW\RUDYDLODELOLW\RIDFFXUDF\RUFRPSOHWHQHVVRIUHVSRQVHVRIUHVXOWVRIZRUNPDQOLNHHIIRUWRIODFNRIYLUXVHVDQGRIUHDVRQDEOHFDUHDQGVNLOODOOZLWKUHJDUGWRWKH+DUGZDUHDQGWKHSURYLVLRQRIRUIDLOXUHWRSURYLGHVXSSRUWRURWKHUVHUYLFHVLQIRUPDWLRQVRIWZDUHDQGUHODWHGFRQWHQWWKURXJKWKH+DUGZDUHRURWKHUZLVHDULVLQJRXWRIWKHXVHRIWKH+DUGZDUH$OVRWKHUHLVQRZDUUDQW\RUFRQGLWLRQRITXLHWHQMR\PHQWTXLHWSRVVHVVLRQRUQRQLQIULQJHPHQWZLWKUHJDUGWRWKH+DUGZDUH7KLV/LPLWHG:DUUDQW\GRHVQRWDIIHFWDQ\OHJDOULJKWVXQGHUDSSOLFDEOHQDWLRQDOOHJLVODWLRQJRYHUQLQJWKHVDOHRIFRQVXPHUJRRGV7KLV/LPLWHG:DUUDQW\FDQQRWEHWUDQVIHUUHGWRDQ\RWKHUSHUVRQҸ/,0,7$7,212)/,$%,/,7<1HLWKHU'($/(5QRULWVVXSSOLHUVVKDOOEHOLDEOHWR\RXRUWRDQ\WKLUGSDUW\IRUDQ\GDPDJHVHLWKHUGLUHFWLQGLUHFWLQFLGHQWDOFRQVHTXHQWLDORURWKHUZLVHLQFOXGLQJLQHDFKFDVHEXWQRWOLPLWHGWRGDPDJHVIRUWKHLQDELOLW\WRXVHWKHHTXLSPHQWRUDFFHVVGDWDORVVRIGDWDORVVRIEXVLQHVVORVVRISURILWVEXVLQHVVLQWHUUXSWLRQRUWKHOLNHDULVLQJRXWRIWKHXVHRIRULQDELOLW\WRXVHWKH+DUGZDUHHYHQLI'($/(5KDVEHHQDGYLVHGRIWKHSRVVLELOLW\RIVXFKGDPDJHV1RWZLWKVWDQGLQJDQ\GDPDJHVWKDW\RXPLJKWLQFXUIRUDQ\UHDVRQZKDWVRHYHUWKHHQWLUHOLDELOLW\RI'($/(5DQGDQ\RILWVVXSSOLHUVVKDOOEHOLPLWHGWRWKHDPRXQWDFWXDOO\SDLGE\\RXIRUWKH+DUGZDUH'($/(5VKDOOQRWEHOLDEOHIRUDQ\IUDXGRQWKHSDUWRILWVHPSOR\HHVDQGRUDJHQWVRUDQ\IUDXGXOHQWPLVUHSUHVHQWDWLRQRQWKHSDUWRILWVHPSOR\HHVDQGRUDJHQWV1RWZLWKVWDQGLQJWKHDERYHQHLWKHUSDUW\VOLDELOLW\IRUGHDWKRUSHUVRQDOLQMXU\UHVXOWLQJIURPLWVRZQQHJOLJHQFHVKDOOEHOLPLWHG
/)1+1;5HY6833257+27/,1(&86720(5&$5(&(17(5$XVWUDOLDQ&XVWRPHUV +\XQGDL0RWRU&RPSDQ\$XVWUDOLD3W\/WGӃ3RVWDODGGUHVV/RFNHGEDJ1RUWK5\GH%&16:Ӄ(PDLOFXVWRPHUFDUH#K\XQGDLFRPDXӃ3KRQH1HZ=HDODQG&XVWRPHUV+\XQGDL0RWRUV1HZ=HDODQG/LPLWHGӃ3RVWDODGGUHVV&OHPRZ'ULYH0W:HOOLQJWRQ32%R[:HOOHVOH\$XFNODQGӃ(PDLOFXVWRPHUVHUYLFH#K\XQGDLFRQ]Ӄ3KRQHӃ:HEVLWHZZZK\XQGDLFRQ]
 FCC Information to User This device complies with Part 15 of the FCC Rules. Operation is subject to the following two conditions:   (1) This device may not cause harmful interference, and   (2) this device mustaccept any interference received, including interference that may cause undesired operation  This equipment has been tested and found to comply with the limits for a Class B digital device, pursuant to Part 15 of the FCC Rules. These limits are designed to provide reasonable protection against harmful interference in a residential installation. This equipment generates, uses and can radiate radio frequency energy and, if not installed   and used in accordance with the instructions, may cause harmful interference to radio communications. However, there is no guarantee that interference will not occur in   a particular installation. If this equipment does cause harmful interference to radio or television reception, which can be determined by turning the equipment off and on,     the user is encouraged to try to correct the interference by one of the following measures: -Reorient or relocate the receiving antenna. -Increase the separation between the equipment and receiver. -Connect the equipment into an outlet on a circuit different from that to which the receiver is connected. -Consult the dealer or an experienced radio/TV technician for help.  FCC RF exposure requirements The antenna used with this module must be installed to provide a separation ditance of at least 20cm from all persons, and must not transmit simultaneously with any other   antenna or transmiter except in accordance with FCC multi-transmter product procedures.  Caution Modifications not expressly approved by the party responsible for compliance could void the user’s authority to operate the equipment.  FCC Compliance Information : This device complies with Part 15 of the FCC Rules. Operation is subject to the following two conditions:   (1) This device may not cause harmful interference, and   (2) this device must accept any interference received, including interference that may cause undesired operation

Navigation menu