Humax Lp32 Tdr1 Users Manual TDR1.indb

LP32-TDR1 to the manual 3b1180c3-5c67-4dcd-9e9f-37aa185c38e9

2015-01-21

: Humax Humax-Lp32-Tdr1-Users-Manual-351518 humax-lp32-tdr1-users-manual-351518 humax pdf

Open the PDF directly: View PDF PDF.
Page Count: 76

User's manual
LP32-TDR1
LCD IDTV
Digital & Analog TV with Built-in PVR
(QJOLVK
(QJOLVK
/PUJDF
5HDGWKLVPDQXDOFDUHIXOO\DQGPDNHVXUH\RXXQGHUVWDQGWKHLQVWUXFWLRQVSURYLGHG)RU\RXU
VDIHW\FKHFNZKDWWKHUHVXOWRIHDFKDFWLRQZLOOEH
7RUHGXFHWKHULVNRIHOHFWULFVKRFNGRQRWUHPRYHFRYHURUEDFN
1RXVHUVHUYLFHDEOHSDUWVLQVLGH5HIHUVHUYLFLQJWRTXDOL¿HGVHUYLFH
SHUVRQQHO,QGLFDWHVDVLWXDWLRQZKLFKLIQRWDYRLGHGFRXOGGDPDJH
WKHHTXLSPHQWRURWKHUDSSDUDWXV
7KLVV\PEROLQGLFDWHVGDQJHURXVYROWDJHLQVLGHWKH79WKDWSUHVHQWVD
ULVNRIHOHFWULFVKRFNRUSHUVRQDOLQMXU\,QGLFDWHVDKD]DUGRXVVLWXDWLRQ
ZKLFKLIQRWDYRLGHGFRXOGUHVXOWLQVHULRXVLQMXU\
7KLVV\PEROLQGLFDWHVLPSRUWDQWLQVWUXFWLRQVDFFRPSDQ\LQJWKH79
'LVSRVDORIHOHFWULFDODQGHOHFWURQLFHTXLSPHQW
7KLVHTXLSPHQWPXVWQRWEHGLVSRVHGZLWKWKHQRUPDOGRPHVWLFUHIXVH
3OHDVHGLUHFW\RXULQTXLU\WRGLVSRVDOWR\RXUORFDOGLVSRVDOHQWHUSULVHV
HQYLURQPHQWDOSDSHURI\RXUPXQLFLSDOLW\RUWR\RXUGHDOHUZKHUH\RX
ERXJKWWKLVSURGXFW<RXFDQKHOSWRUHGXFHWKHFRQVXPSWLRQRIUDZ
PDWHULDOVE\UHF\FOLQJWKHGHYLFHVDQGSURWHFWWKHHQYLURQPHQWE\
SURIHVVLRQDOGLVSRVDO
&RS\ULJKW&RS\ULJKW+80$;&RUSRUDWLRQ
1RWWREHFRSLHGXVHGRUWUDQVODWHGLQSDUWRUZKROHZLWKRXW+80$;¶VSULRUFRQVHQWLQZULWLQJH[FHSW
DSSURYDORIRZQHUVKLSRIFRS\ULJKWDQGFRS\ULJKWODZ
:DUUDQW\
7KHLQIRUPDWLRQLQWKLVGRFXPHQWLVVXEMHFWWRFKDQJHZLWKRXWQRWLFH+80$;GRHVQRWKDYHDQ\
UHVSRQVLELOLW\IRUGLUHFWLQGLUHFWDFFLGHQWDODQGRWKHUGDPDJHFDXVHGE\WKHXVHRIWKHLQIRUPDWLRQ
FRQWDLQHGLQWKLVPDQXDO
1RWLFH
(QJOLVK
/PUJDF
7UDGHPDUNV
9,$&&(66LVDWUDGHPDUNRI)UDQFH7HOHFRP
&U\SWR:RUNVLVDWUDGHPDUNRI3KLOLSV(OHFWURQLFV19
,UGHWRLVDWUDGHPDUNRI0LQGSRUW%9
1DJUDYLVLRQLVDUHJLVWHUHGWUDGHPDUNRI.8'(/6.,6$
&RQD[LVDWUDGHPDUNRI7HOHQRU&RQD[$6
LVDWUDGHPDUNRI656/DEV,QF
7UX6XUURXQG;7WHFKQRORJ\LVLQFRUSRUDWHGXQGHUOLFHQVHIURP656/DEV,QF
7KDQN\RXIRUSXUFKDVLQJD+80$;793OHDVHUHDGWKLVXVHUPDQXDOFDUHIXOO\LQ
RUGHUWRVDIHO\LQVWDOOXVHDQGPDLQWDLQWKH79DWPD[LPXPSHUIRUPDQFH.HHS
WKLVXVHUPDQXDOQH[WWR\RXU79WRHQVXUHWKHEHVWSHUIRUPDQFHSRVVLEOH
(QJOLVK
3RZHU
3OXJWKHSRZHUFRUGLQWRWKHFRUUHFWSRZHURXWOHW$QXQVWDEOHFRQQHFWLRQPD\FDXVH¿UH
'RQRWXVHGDPDJHGSRZHUFRUGVRUSOXJVRUXVHDORRVHZDOORXWOHW7KLVPD\FDXVHHOHFWULFDOVKRFN
RU¿UH
'RQHYHUWRXFKWKHSRZHUFRUGZLWKZHWKDQGV7KLVPD\FDXVHHOHFWULFDOVKRFN
'RQRWXVHPXOWLSOHGHYLFHVZLWKRQHRXWOHW2YHUKHDWLQJWKHRXWOHWPD\FDXVH¿UH
'RQRWEHQGRUSXOORXWWKHSRZHUFRUGXVLQJIRUFHQRUSODFHKHDY\REMHFWVRYHULW7KLVPD\FDXVH
HOHFWULFDOVKRFNRU¿UH
0DNHVXUH\RXSXOORXWWKHSRZHUFRUGKROGLQJWKHSOXJLWVHOI$QLQWHUQDOGLVFRQQHFWLRQPD\FDXVH¿UH
:KHQUHPRYLQJWKHSURGXFWWXUQRIIWKHSRZHUDQGSXOORXWWKHSOXJIURPWKHSRZHURXWOHW$OVRPDNH
VXUHRWKHUGHYLFHVLQFOXGLQJWKHDQWHQQDRUWKHFRQQHFWRUVDUHUHPRYHGIURPWKHRXWOHWVEHIRUH
UHORFDWLQJWKHSURGXFW2WKHUZLVH\RXPD\VXIIHUHOHFWULFDOVKRFNRU¿UHGXHWRDGDPDJHGSRZHUFRUG
 7KLV79VKDOOEHFRQQHFWHGWRPDLQVVRFNHWRXWOHWZLWKDSURWHFWLYHHDUWKLQJFRQQHFWLRQ
 7KHPDLQVSOXJVKDOOUHPDLQUHDGLO\RSHUDEOH
,QVWDOODWLRQ
.HHSWKHSURGXFWDZD\IURPDQ\KHDWLQJGHYLFHV3ODFLQJLWFORVHWRDKHDWLQJGHYLFHPD\FDXVH¿UH
.HHSWKHSRZHUFRUGDZD\IURPDQ\KHDWLQJGHYLFHV$PHOWHGFRDWLQJPD\FDXVH¿UHRUHOHFWULFDO
VKRFN
3ODFHWKHDQWHQQDDVIDUDZD\DVSRVVLEOHIURPDQ\KLJKYROWDJHFDEOHV
7RXFKLQJWKHKLJKYROWDJHZLULQJPD\FDXVH¿UHRUHOHFWULFDOVKRFN
'RQRWLQVWDOOWKHSURGXFWLQRLO\VPRN\RUKXPLGRUH[SRVHGWRUDLQZDWHUSODFHVRUDXWRPRELOHV
7KLVPD\FDXVH¿UH
7KHFRQQHFWLRQEHWZHHQWKHH[WHUQDODQWHQQDDQGWKHLQWHUQDOZLULQJVKRXOGEHWXUQHGLQVLGHWRDYRLG
DQ\LQÀRZRIUDLQ([SRVLQJWKH/&'WRZDWHUUDLQZLOOFDXVHHOHFWULFDOVKRFNRU¿UH
'RQRWXVHWKHSURGXFWLQKXPLGSODFHV+XPLGLW\ZLOOVKRUWHQWKHOLIHRIWKHSURGXFWDQGPD\FDXVHDQ
HOHFWULFDOVKRUWDJHRU¿UH
'RQRWXVHWKHSURGXFWLQSODFHVZLWKORZWHPSHUDWXUHVEHORZ&
$YRLGLQVWDOOLQJWKHSURGXFWLQSRRUO\YHQWLODWHGSODFHV,QWHUQDORYHUKHDWLQJPD\FDXVHDQHOHFWULFDO
VKRUWDJHDQG¿UH
%HVXUHQRWWRFRYHUWKHYHQWLODWRUZLWKDWDEOHFORWKRUFXUWDLQHWF,QWHUQDORYHUKHDWLQJPD\FDXVH
DQHOHFWULFDOVKRUWDJHDQG¿UH
'RQRWLQVWDOOWKHSURGXFWLQDQXQVWDEOHSODFHRURQDVPDOOVWDQG7KHSURGXFWPD\FDXVHVHULRXV
LQMXU\LILWIDOOVRQVRPHERG\HVSHFLDOO\FKLOGUHQ,QVWDOOLWRQDQHYHQVWDEOHSODFHDVLWLVIURQWKHDY\
'RQRWLQVWDOOWKHSURGXFWRQWKHÀRRU6RPHRQHHVSHFLDOO\FKLOGUHQPD\WULSRYHULW
*HQHUDO6DIHW\3UHFDXWLRQV
(FOFSBM4BGFUZ1SFDBVUJPOT
(QJOLVK
8VDJH
8QSOXJWKHSURGXFWIURPWKHZDOORXWOHWDQGGRQRWWRXFKWKHDQWHQQDGXULQJDWKXQGHUVWRUP7KLVZLOO
SUHYHQWGDPDJHWRWKHXQLWGXHWROLJKWQLQJDQGSRZHUVXUJHV
.HHSGXVWRUZDWHUDZD\IURPWKHSLQVRUWRXFKLQJSRLQWVRIWKHSRZHUSOXJ
7KLVZLOOSUHYHQWHOHFWULFDOVKRFNRU¿UH
.HHSFKLOGUHQIURPFOLPELQJRYHUWKHSURGXFW7KHGHYLFHPD\FDXVHVHULRXVLQMXU\RUGHDWKLILWIDOOV
RQWKHP
'RQRWSODFHDQ\WKLQJRYHUWKHSURGXFWWKDWFKLOGUHQPD\WU\WRUHDFK7KHGHYLFHPD\FDXVHVHULRXV
LQMXU\RUGHDWKLILWIDOOVRQWKHP
:KHQUHPRYLQJWKHEDWWHU\IURPWKHSURGXFWNHHSLWRXWRIFKLOGUHQ¶VUHDFK
,IDFKLOGVZDOORZVDEDWWHU\FRQVXOWDGRFWRULPPHGLDWHO\
8VHRQO\VSHFL¿HGEDWWHULHVDQGGRQRWXVHDQROGEDWWHU\DORQJZLWKDQHZRQH$OLJQWKHEDWWHULHV
DFFRUGLQJWRWKHFRUUHFWSRODULW\RU$OLJQLQJWKHPLQFRUUHFWO\PD\FDXVHDQLQWHUQDOH[SORVLRQ
RUDOHDNDJHRIWKHLQWHUQDOOLTXLGOHDGLQJWRHOHFWULFDOVKRFNSK\VLFDOGDPDJHRUSROOXWLRQRIWKH
VXUURXQGLQJV
'RQRWLQVHUWDQ\PHWDORUDÀDPPDEOHREMHFWRUDQDOLHQVXEVWDQFHLQWRWKHYHQWLODWRUWKH$9LQSXW
WHUPLQDORUWKHVORWVIRUWKHPRGXOHVRU6PDUWFDUGV7KLVPD\FDXVHGDPDJHWRWKHSURGXFWDQG
UHGXFHLWVOLIHVSDQ
'RQRWGLVDVVHPEOHUHSDLURUUHFRQVWUXFWWKHSURGXFWDW\RXUGLVFUHWLRQ7KLVPD\FDXVHHOHFWULFDO
VKRFNRU¿UH&RQWDFW\RXUORFDOFXVWRPHUVXSSRUW
.HHSWKHSURGXFWDZD\IURPLQÀDPPDEOHVSUD\HUVRULJQLWDEOHREMHFWV
([SRVXUHWRWKHVHPD\FDXVHH[SORVLRQRU¿UH
'RQRWSODFHZDWHUSRWVÀRZHUYDVHVEHYHUDJHFDQVVPDOOPHWDOVRUKHDY\REMHFWVRYHUWKHSURGXFW
&RQWDFWRIWKHVHFRQWHQWVZLWKWKHSURGXFWPD\FDXVHHOHFWULFDOVKRFNRU¿UHZKLOHDQ\IDOOLQJRIWKH
SURGXFWPD\FDXVHLQMXU\
,IWKHSURGXFWEUHDNVGRZQWXUQRIIWKHSRZHUDQGXQSOXJLWIURPWKHRXWOHWEHIRUHFRQWDFWLQJ&XVWRPHU
6XSSRUW7KLVZLOOSURWHFW\RXIURPHOHFWULFDOVKRFNRU¿UH
:KHQ\RXQRWLFHVRPHWKLQJVWUDQJHOLNHDQRGGQRLVHVPHOOVRPHWKLQJEXUQLQJRUVHHVPRNHXQSOXJ
WKHSRZHUFRUGDQGFRQWDFW\RXUORFDO&XVWRPHU6XSSRUW'RWKLVWRDYRLGHOHFWULFDOVKRFNRU¿UH
 'RQRWXVHVKDUSWRROVVXFKDVDSLQRUDSHQFLOQHDUWKH79DVWKH\PD\VFUDWFKWKH/&'VXUIDFH
 'RQRWXVHDVROYHQWVXFKDVEHQ]HQHWRFOHDQWKH79DVLWZLOOGDPDJHWKH/&'VXUIDFH
 'RQRWPRYHWKHSURGXFWRUWXUQWKHSRZHURIIVXGGHQO\ZKLOHWKHKDUGGLVNGULYHLVUXQQLQJ
 7KHFRPSDQ\VKDOOQRWEHOLDEOHIRUDQ\FRUUXSWLRQRIGDWDRQWKHKDUGGLVNGULYHFDXVHGE\WKH
FDUHOHVVQHVVRUPLVXVHRIXVHUV
 'RQRWVHSDUDWHWKHKDUGGLVNGULYHIURPWKHPDLQERG\&RQWDFW\RXUORFDO&XVWRPHU6XSSRUWZKHQ
\RXZDQWWRFKDQJHWKHKDUGGLVNGULYH
(FOFSBM4BGFUZ1SFDBVUJPOT
(QJOLVK
$POUFOUT
$POUFOUT
&KDSWHU!!*HWWLQJ6WDUWHG
3DFNDJH&RQWHQWV 
)URQW6LGH3DQHO 
5HDU6LGH3DQHO 
5HPRWH&RQWURO%XWWRQV 
,QVWDOOLQJ79:DOO0RXQW 
&KDSWHU!!&RQQHFWLQJ<RXU79
&RQQHFWLQJWRDQ$HULDORUD&DEOH79 
&RQQHFWLQJWRWKH9&5 
&RQQHFWLQJWRWKH'9'3OD\HU 
&RQQHFWLQJWRWKH6HW7RS%R[ 
&RQQHFWLQJWRWKH'LJLWDO$XGLR6\VWHP 
&RQQHFWLQJWRWKH3& 
&RQQHFWLQJ+HDGSKRQHV 
&RQGLWLRQDO$FFHVV6\VWHP 
&KDSWHU!!7XUQLQJRQ<RXU79
7XUQLQJRQ<RXU79 
6HOHFWLQJWKH0HQX/DQJXDJH 
6HOHFWLQJWKH0DLQ,QSXW6RXUFH 
6HWWLQJ&KDQQHOV 
6FDQQLQJ&KDQQHOV$XWRPDWLFDOO\ 
6FDQQLQJ$QDORJ&KDQQHOV0DQXDOO\ 
6FDQQLQJ'LJLWDO&KDQQHOV0DQXDOO\ 
(GLWLQJ3URJUDPPHV 
9LHZLQJ&KDQQHO/LVW 
'LVSOD\LQJ,QIRUPDWLRQ 
'LVSOD\LQJ'LJLWDO7HOHWH[W0+(* 
&KDQJLQJ6XEWLWOH/DQJXDJH 
&KDQJLQJ$XGLR2SWLRQV 
&KDSWHU!!8VLQJWKH(OHFWURQLF3URJUDPPH*XLGH(3*
9LHZLQJWKH(OHFWURQLF3URJUDPPH*XLGH(3* 
5HVHUYLQJD5HFRGLQJ 
&KDSWHU!!6HWWLQJWKH3LFWXUH
6HOHFWLQJD3LFWXUH0RGH 
&XVWRPL]LQJWKH3LFWXUH6HWWLQJV 
1RLVH5HGXFWLRQ 
)OHVKWRQH 
'\QDPLF&RQWUDVW 
&RORXU7HPSHUDWXUH 
$GMXVWLQJ%DFNOLJKW%ULJKWQHVV 
(QJOLVK
$POUFOUT
&KDSWHU!!6HWWLQJWKH6RXQG
6HWWLQJWKH6RXQG(IIHFW 
$GMXVWLQJWKH6RXQG%DODQFH 
$GMXVWLQJWKH9ROXPH$XWRPDWLFDOO\ 
6HWWLQJWKH7UX6XUURXQG;7 
6HWWLQJXS$XGLR3ULRULW\ 
&KDSWHU!!6HWWLQJWKH6FUHHQ
3,33%33236HWWLQJV 
6HWWLQJWKH$VSHFW5DWLR 
&KDSWHU!!6HWWLQJWKH6\VWHP
6HWWLQJWKH&XUUHQW7LPH,QIRUPDWLRQ 
3DUHQWDO&RQWURO 
&RPPRQ,QWHUIDFH 
'HIDXOW6HWWLQJV 
&KDSWHU!!5HFRUGLQJ
6HWWLQJWKH5HFRUGLQJ4XDOLW\ 
7LPH6KLIW5HFRUGLQJ765 
,QVWDQW5HFRUGLQJ 
6FKHGXOHGUHFRUGLQJ 
3URJUDPPH3OD\EDFN 
&KHFNLQJ+DUG'LVN'ULYH 
&KDSWHU!!7HOHWH[WLQIRUPDWLRQ
'LVSOD\LQJ7HOHWH[WLQIRUPDWLRQ 
&KDSWHU!!&RQQHFWLQJD3&
$XWR&RQ¿JXUH 
3RVLWLRQ 
&ORFN 
3KDVH 
&KDSWHU!!6RIWZDUH8SGDWH
27$2YHUWKH$LU 
6:8SGDWHIURP3& 
0HQX6WUXFWXUH
7URXEOHVKRRWLQJ
7URXEOHVKRRWLQJ 
(UURU0HVVDJH 
6SHFL¿FDWLRQ
6HUYLFHDQG6XSSRUW
(QJOLVK
3DFNDJH&RQWHQWV
 8VHUVPDQXDO 5HPRWHFRQWURO $$$EDWWHULHV;
3RZHUFRUG
$IBQUFS(FUUJOH4UBSUFE
/&'79
(QJOLVK
/('WRXFKEXWWRQVDUHGLVSOD\HGRQWKHIURQWSDQHO
<RXFDQVLPSO\WRXFK/('EXWWRQVWRFRQWUROVRPHPDLQIXQFWLRQVVXFKDV
VHOHFWLQJDPDLQLQSXWXVLQJWKH2.FRPPDQGGLVSOD\LQJPHQXVDGMXVWLQJ
YROXPHDQGVZLWFKLQJFKDQQHOV

32:(5VZLWFK
7XUQVWKHSRZHURQRII

5HPRWHFRQWUROVHQVRU
5HFHLYHVFRPPDQGVGLUHFWO\IURP\RXUUHPRWHFRQWURODQGSDVVHVWKHP
RQ

79$9EXWWRQ
'LVSOD\VLQSXWVRXUFH

2.EXWWRQ
&RQ¿UPVWKHVHOHFWLRQ

0(18EXWWRQ
'LVSOD\VWKHRQVFUHHQPHQX

92/92/!EXWWRQV
$GMXVWVWKHYROXPH

щ33шEXWWRQV
6HOHFWVFKDQQHOV

6WDQGE\EXWWRQ
6HWV\RXU79LQVWDQGE\PRGHDQGWXUQVRQEOXHGXULQJWKHVWDQGE\
PRGH
)URQW6LGH3DQHO
$IBQUFS(FUUJOH4UBSUFE
  
(QJOLVK
6LGH3DQHO

$9&9%6,1387
&RQQHFWVWRWKHDXGLRDQGYLGHRRXWSXWMDFNVRIDFDPFRUGHUYLGHRJDPH
DQGVLPLODUGHYLFHV

69,'(2,1387
&RQQHFWVWRWKH69LGHRMDFNRIDFDPFRUGHUYLGHRJDPHFRQVROHDQG
VLPLODUGHYLFHV

+3+HDGSKRQHV
&RQQHFWVWRKHDGSKRQHV

&,&RPPRQ,QWHUIDFH6/27
$VORWIRUD&,0RGXOH

60$57&$5'6/27
$VORWIRUD6PDUWFDUG
5HDG\IRUIXWXUHXVH
5HDU6LGH3DQHO
$IBQUFS(FUUJOH4UBSUFE
(QJOLVK
5HDU3DQHO

$&,1387
&RQQHFWVWKHSRZHUFRUG

+'0,,1387
5HFHLYHVXQFRPSUHVVHGGLJLWDODXGLRDQGYLGHRVLJQDOVIURPWKHGHYLFHWKDW
VXSSRUWV+LJK'H¿QLWLRQ0XOWLPHGLD,QWHUIDFH+'0,

6(59,&(21/<56&
&RQQHFWVWRWKH3&WRXSGDWHWKHVRIWZDUHRIWKH79

3&,13873&$8',2,1387
&RQQHFWVWRWKHYLGHRDQGDXGLRRXWSXWMDFNVRQ\RXU3&

63',)287387
&RQQHFWVWRDGLJLWDODXGLRFRPSRQHQWGLJLWDODXGLRRXWSXWRQO\

&20321(17,1387
&RQQHFWVWR9LGHR<3%35DQGDXGLR/5FRPSRQHQWV

$9$96&$576&$57
,QSXWVRURXWSXWVIRUH[WHUQDOGHYLFHVVXFKDV9&5'9'YLGHRJDPH
FRQVROHRUYLGHRGLVFSOD\HUV$9MDFNRXWSXWVRQO\$QDORJ79VLJQDODQG
$9MDFNRXWSXWV'LJLWDO79$QDORJ79$9$9$9RU69LGHRLQSXW
VLJQDO

5),1387
&RQQHFWVWRDQDQWHQQDRUDFDEOHV\VWHP
$IBQUFS(FUUJOH4UBSUFE
 
(QJOLVK
5HPRWH&RQWURO%XWWRQV
67$1'%<
3XWV\RXU79LQVWDQGE\PRGH
087(
0XWHVWKHVRXQG7RFDQFHOSUHVVWKH
087(92/RU92/EXWWRQ
79$9
'LVSOD\VDOODYDLODEOHLQSXWVRXUFHV
3UHVVWKHŸźEXWWRQWRVHOHFWD
UHTXLUHGLQSXWVRXUFH
6/((3
6HOHFWVDSUHVHWWLPHLQWHUYDOIRU
VZLWFKLQJWKH79WRVWDQGE\PRGH
DXWRPDWLFDOO\
3,&02'(
6HOHFWVWKHSLFWXUHPRGH6WDQGDUG
'\QDPLF0RYLH0LOG*DPHRU
8VHU
61'())(&7
6HOHFWVVRXQGPRGHV)ODW6SHHFK
0RYLH0XVLFRU8VHU
:,'(
6HOHFWWKHDVSHFWUDWLR$XWR
=RRPRU=RRP
3/$<%$&.&RQWURO%XWWRQV
6723
6WRSVUHFRUGLQJRUSOD\EDFNDQGJRWR
WKHOLYHSURJUDPPH
X

3/$<3$86(
3OD\VDWQRUPDOVSHHGRUSDXVHVWKH
OLYHSURJUDPPH
XX)$67)25:$5'
)DVWIRUZDUGDWKLJKVSHHG(DFK
WLPH\RXSUHVVWKLVEXWWRQWKHIDVW
IRUZDUGLQJVSHHGLQFUHDVHV
WW)$675(:,1'
5HZLQGVDWKLJKVSHHG(DFK
WLPH\RXSUHVVWKLVEXWWRQWKHIDVW
UHZLQGLQJVSHHGLQFUHDVHV
1XPEHUaEXWWRQV
(QWHUVWKHFKDQQHOQXPEHUIRUGLUHFW
GLVSOD\8VHGWRHQWHUGLJLWQXPEHUV
)$9
6ZLWFKHVWRDIDYRXULWHFKDQQHO
&LUFXODWHVWKURXJKIDYRXULWHFKDQQHOV
LQVHTXHQWRUGHUZKLOHZDWFKLQJ79
/,67
'LVSOD\VFKDQQHOOLVWV3UHVVWKH
ŸźEXWWRQWRVHOHFWDFKDQQHO
&RORXUHGEXWWRQV
8VHGIRULQWHUDFWLYHDSSOLFDWLRQV
LQWKH(3*(GLW3URJUDPPHV
6FKHGXOH3OD\OLVWDQG7HOHWH[WPRGH
(3*
'LVSOD\VWKH(OHFWURQLF3URJUDPPH
*XLGH(3*LQ'79PRGH
%$&.
5HWXUQVWRWKHSUHYLRXVGLVSOD\
0(18
'LVSOD\VWKH2Q6FUHHQ'LVSOD\
26'PHQX
(;,7
([LWVIURPWKHFXUUHQWO\GLVSOD\HG
PHQX
$UURZŸźŻŹEXWWRQV
&RQWUROVWKHVHOHFWLRQLQWKH2Q
6FUHHQ'LVSOD\26'PHQX
2.
&RQ¿UPVVDYHRUHQWHU\RXUFKRLFH
LQWKH2Q6FUHHQ'LVSOD\26'
PHQX'LVSOD\VWKHVHWWLQJVWDWXVRI
WKHFXUUHQWVFUHHQ
$IBQUFS(FUUJOH4UBSUFE
(QJOLVK
3/$<%$&.&RQWURO%XWWRQV
6723
6WRSVUHFRUGLQJRUSOD\EDFNDQGJRWR
WKHOLYHSURJUDPPH
z5(&25'
5HFRUGVSURJUDPPHVRUVHWVWLPHWR
HQGUHFRUGLQJ
X

3/$<3$86(
3OD\VDWQRUPDOVSHHGRUSDXVHVWKH
OLYHSURJUDPPH
XX)$67)25:$5'
)DVWIRUZDUGDWKLJKVSHHG(DFK
WLPH\RXSUHVVWKLVEXWWRQWKHIDVW
IRUZDUGLQJVSHHGLQFUHDVHV
WW)$675(:,1'
5HZLQGVDWKLJKVSHHG(DFK
WLPH\RXSUHVVWKLVEXWWRQWKHIDVW
UHZLQGLQJVSHHGLQFUHDVHV
,QVWDQW5HSOD\
-XPSVEDFNVHFRQGVGHIDXOW
YDOXHDQGVWDUWVSOD\LQJDJDLQLQWULFN
SOD\PRGH
&RPPHUFLDO6NLS
6NLSVZDWFKLQJWKHSURJUDPPHIRU
VHFRQGVIRUZDUG
$Ź%$%5HSHDW
5HSHDWVDVSHFL¿HGUHSHDWDUHD$%
1RWZRUNLQWKHWLPHVKLIWLQJSOD\EDFN
6ORZ0RWLRQ
3OD\VWKHSURJUDPPHLQVORZPRWLRQ
PRGH(DFKWLPH\RXSUHVVWKLV
EXWWRQSOD\EDFNVSHHGGHFUHDVHV
$GG%RRNPDUN
$GGVDERRNPDUN1RWZRUNLQWKH
WLPHVKLIWLQJSOD\EDFN
%RRNPDUN-XPS
-XPSVWRWKHERRNPDUNHGSRLQWDQG
SOD\VIURPWKDWSRLQW1RWZRUNLQWKH
WLPHVKLIWLQJSOD\EDFN
3/$</,67
'LVSOD\VWKHUHFRUGHGSURJUDPPHOLVW
92/
$GMXVWVWKHYROXPH
,1)2
'LVSOD\VLQIRUPDWLRQRQGLJLWDO
FKDQQHOVDQGSURJUDPPHV
33DJH
6ZLWFKHVFKDQQHOVRUWHOHWH[WSDJHV
6&+('8/(
'LVSOD\VWKHUHVHUYHGSUJUDPPHOLVWV
7(;7
6KRZV0+(*GLJLWDOWHOHWH[W
LQIRUPDWLRQ
6XEWLWOH
'LVSOD\VVXEWLWOHRQWKHVFUHHQ
6281'75$&.
6HOHFWVWKHVRXQGPRGH6WHUHR
0RQRLQ'79PRGH
$IBQUFS(FUUJOH4UBSUFE
(QJOLVK
3,33%3)XQFWLRQEXWWRQV
3,333,33
6ZLWFKHVVXESLFWXUHFKDQQHOV
3,33%3
6HOHFWVWKH3,33%3PRGH2II3,3
6PDOO3,3/DUJH3%33%3RU
323
3,3,1387
6HOHFWVDQLQSXWVRXUFHIRUWKHVXE
SLFWXUH
3,3326,7,21
&KDQJHVWKHSRVLWLRQRIWKH3,3
VFUHHQ
6:$3
6ZDSVWKHPDLQSLFWXUHDQGWKHVXE
SLFWXUH
7(/(7(;7)XQFWLRQ%XWWRQV
7HOHWH[W2Q2II
$FWLYDWHVRUGHDFWLYDWHVWKHWHOHWH[W
VHUYLFH
0L[
2YHUODSVWKHWHOHWH[WZLWKWKH
EURDGFDVWLQJVFUHHQ
$GMXVWVWKHRSDFLW\WRWKHEDFNJURXQG
LQ7HOHWH[WPRGH
,QGH[
'LVSOD\VWKHWHOHWH[WLQGH[SDJH
&DQFHO
'LVSOD\VWKH79SURJUDPPHZKHQ
VHDUFKLQJIRUWKHQHZWHOHWH[WSDJH
5HYHDO
6KRZVWKHKLGGHQLQIRUPDWLRQ
0RGH
6HOHFWVWKHWHOHWH[WPRGH/,67
)/2)
6L]H
'LVSOD\VWKHGRXEOHVL]HOHWWHUV
+ROG
+ROGVWKHFXUUHQWWHOHWH[WSDJHQRW
XSGDWLQJLW
7LPH
:KHQYLHZLQJD79SURJUDPPH
SUHVVWKLVEXWWRQWRGLVSOD\WKH
FXUUHQWWLPHDWWKHWRSULJKWKDQG
FRUQHURIWKHVFUHHQ
$IBQUFS(FUUJOH4UBSUFE
(QJOLVK
,QVHUWLQJ%DWWHULHVLQWRWKH5HPRWH&RQWURO
<RXPXVWLQVHUWRUUHSODFHWKHEDWWHULHVLQWKHUHPRWHFRQWUROZKHQ
<RXMXVWSXUFKDVHG79
5HPRWHFRQWUROGRHVQRWZRUN
5HPRYHWKHFRYHURQWKHUHDURIWKHUHPRWHFRQWUROE\SUHVVLQJWKHV\PERO
źGRZQZDUGVDQGWKHQSXOOLQJ¿UPO\WRUHPRYHLW
,QVHUWWZR$$$VL]H9EDWWHULHVHQVXULQJWKDWWKHSOXVDQGPLQXV
VLJQVRIWKHEDWWHULHVDUHFRUUHFWO\DOLJQHG
&ORVHWKHFRYHU
1RWH'RQRWPL[GLIIHUHQWEDWWHU\W\SHVVXFKDVDONDOLQHZLWKPDQJDQHVH
$IBQUFS(FUUJOH4UBSUFE
(QJOLVK
,QVWDOOLQJ79:DOO0RXQW
,QVWDOODWLRQ0HWKRG
79ZDOOPRXQWLVVROGVHSDUDWHO\
,QVWDOOWKH79RQDYHUWLFDOZDOORQO\

7RDYRLGWURXEOHVGXULQJWKHLQVWDOODWLRQUHIHUWRWKHIROORZLQJV
'RQRWLQVWDOOQH[WWRVPRNHDQG¿UHGHWHFWRUV
'RQRWLQVWDOOLQDQDUHDVXEMHFWHGWRYLEUDWLRQRUKLJKYROWDJH
'RQRWLQVWDOOQHDURUDURXQGDQ\KHDWLQJDSSDUDWXV
2QO\XVHUHFRPPHQGHGSDUWVDQGFRPSRQHQWV
0RXQWLQJ.LWVVROGVHSDUDWHO\
 :DOO0RXQW%UDFNHW 3ODVWLF+DQJHU($ 6FUHZV($
$IBQUFS(FUUJOH4UBSUFE
(QJOLVK
+RZWR$WWDFKWKH79WRWKH%UDFNHW
VROGVHSDUDWHO\
7KHH[WHULRURIWKH79PD\EHGLIIHUHQWWKDQWKHSLFWXUH$VVHPEO\DQG
LQVWDOODWLRQRIWKHSODVWLFKDQJHULVWKHVDPH

5HPRYHWKHVFUHZVIURPWKHUHDURIWKH79

8VHWKHVFUHZVDQGDVVHPEOHWKHSODVWLFKDQJHU
$VNDPHFKDQLFIRULQVWDOOLQJWKHZDOOPRXQWEUDFNHW
3OHDVHEHVXUHWRFKHFNLIWKHSODVWLFKDQJHULVFRPSOHWHO\VHFXUHGRQWKH
OHIWDQGULJKWVLGHDIWHUKDQJLQJWKH79RQWKHZDOOPRXQWEUDFNHW
 3OHDVHEHFDUHIXOQRWWRKDUP\RXU¿QJHUVZKLOHLQVWDOOLQJDQGDGMXVWLQJ
WKHDQJOH
 3OHDVHVHFXUHWKHZDOOPRXQWEUDFNHWWRWKHZDOOWRDYRLGLQMXU\IURPD
IDOOLQJ79

7LJKWHQWKHVFUHZVRIWKHSODVWLFKDQJHUWRWKHUHDURIWKH79

3XWWKHSHJVRQ79LQWKHJURRYHVRIWKHZDOOPRXQWEUDFNHWDQGSXOOGRZQ
RQ79>@WRVHFXUHLWWRWKHZDOOPRXQWEUDFNHW>@7LJKWHQWKHVFUHZVDV
VKRZQ>@VRWKDWWKH79FDQQRWEHVHSDUDWHGIURPWKHZDOOPRXQWEUDFNHW
$IBQUFS(FUUJOH4UBSUFE
(QJOLVK
7RYLHZWKHWHOHYLVLRQFKDQQHOVFRUUHFWO\DVLJQDOPXVWEHUHFHLYHGE\WKH
EURDGFDVWLQJSURYLGHU

&RQQHFWWKH5)FRD[LDOFDEOHIURPDQDHULDORUDFDEOH79WRWKH5),1387
MDFNRQWKHUHDURIWKH79

7XUQRQWKH79DQGWKHQSUHVVWKH79$9EXWWRQWRVHOHFW'LJLWDO79RU
$QDORJ79
1RWHV
7RUHFHLYHDQRSWLPDOVLJQDOLWLVUHFRPPHQGHGWKDW\RXXVHDRKP)W\SH
FRD[LDOFDEOH
)RUSURSHUUHFHSWLRQRIVLJQDOVDQH[WHUQDODQWHQQDLVUHTXLUHG)RUEHVW
UHFHSWLRQDQRXWGRRUDQWHQQDLVUHFRPPHQGHG
7RLPSURYHWKHSLFWXUHTXDOLW\LQDSRRUVLJQDODUHDSOHDVHSXUFKDVHDVLJQDO
DPSOL¿HUDQGLQVWDOOSURSHUO\
&RQQHFWLQJWRDQ$HULDORUD&DEOH79
RU
&DEOH79
$IBQUFS$POOFDUJOH:PVS57
(QJOLVK
8VLQJWKH6&$57&DEOH

&RQQHFWWKH6&$57FDEOHEHWZHHQWKH$9RU$9MDFNRQ79DQGWKH
6&$57MDFNRQ\RXU9&5

7XUQRQWKH79DQGWKHQSUHVVWKH79$9EXWWRQWRVHOHFW$9RU$9

7XUQRQ\RXU9&5WKHQLQVHUWDYLGHRFDVVHWWHLQWRWKH9&5DQGSUHVVWKH
3/$<EXWWRQRQ\RXU9&55HIHUWRWKH9&5RZQHU¶VPDQXDO
,I\RXZDQWWRPDNHDFRS\IURPDVHFRQGDU\9&5RU'9'SOD\HU

&RQQHFW\RXUVHFRQGDU\9&5RU'9'SOD\HUWRWKH$9MDFNDQGWKHWDUJHW
9&5RU'9'SOD\HUWRWKH$9MDFNVRWKDWWKHVLJQDOWUDQVIHUVIURP$9WR
$9

7RUHFRUGDSURJUDPPHFRQQHFWWKHUHFHLYHUWRWKH$9MDFNDQGWKH9&5
RU'9'SOD\HUWRWKH$9MDFNVRWKDWWKHVLJQDOWUDQVIHUVIURP$9WR$9
1RWH)RUPRUHGHWDLOVDERXWKRZWRUHFRUGUHIHUWR\RXUUHTXLUHG(TXLSPHQW¶V
LQVWUXFWLRQV
0DLQ,QSXW $96&$572XWSXW $96&$572XWSXW
'LJLWDO79
$QDORJ79
'LJLWDO79
$QDORJ79 $QDORJ79
$9 $9
$9 $9
$9&9%6 $9&9%6
69LGHR 69LGHR
&RPSRQHQW
'LJLWDO793&
+'0,
&RQQHFWLQJWRWKH9&5
6&$57FDEOH
9&5
$IBQUFS$POOFDUJOH:PVS57
(QJOLVK
8VLQJWKH$XGLR9LGHR&RPSRVLWH&DEOH

&RQQHFWWKHYLGHRFDEOHEHWZHHQWKH9,'(2,1$9LQSXWMDFNRQ79DQG
WKHYLGHRRXWSXWMDFNRQ\RXU9&5

&RQQHFWWKHDXGLRFDEOHEHWZHHQWKH$8',2/5$9LQSXWMDFNVRQ79
DQGWKHDXGLRRXWSXWMDFNVRQ\RXU9&5

7XUQRQWKH79DQGWKHQSUHVVWKH79$9EXWWRQWRVHOHFW$9&9%6

7XUQRQ\RXU9&5WKHQLQVHUWDYLGHRFDVVHWWHLQWRWKH9&5DQGSUHVVWKH
3/$<EXWWRQRQWKH9&55HIHUWRWKH9&5RZQHU¶VPDQXDO
$XGLRFDEOH
9&5
9LGHRFDEOH
$IBQUFS$POOFDUJOH:PVS57
(QJOLVK
8VLQJWKH$XGLR69LGHR&DEOH
69LGHRFDUULHVWKHYLGHRGDWDDVWZRVHSDUDWHVLJQDOVEULJKWQHVVDQGFRORXU
XQOLNHFRPSRVLWHYLGHRZKLFKFDUULHVWKHHQWLUHVHWRIVLJQDOVLQRQHSDFNDJH
69LGHRGRHVQRWFDUU\DXGLR+HQFHDVHSDUDWHDXGLRFRQQHFWLRQLVUHTXLUHG

&RQQHFWWKH69LGHRFDEOHEHWZHHQWKH69,'(2LQSXWMDFNRQ79DQGWKH
69LGHRRXWSXWMDFNRQ\RXU9&5

&RQQHFWWKHDXGLRFDEOHEHWZHHQWKH$8',2/5$9LQSXWMDFNVRQ79
DQGWKHDXGLRRXWSXWMDFNVRQ\RXU9&5

7XUQRQWKH79DQGWKHQSUHVVWKH79$9EXWWRQWRVHOHFW69LGHR

7XUQRQ\RXU9&5WKHQLQVHUWDYLGHRFDVVHWWHLQWRWKH9&5DQGSUHVVWKH
3/$<EXWWRQRQ\RXU9&55HIHUWRWKH9&5RZQHU¶VPDQXDO
$XGLRFDEOH
9&5
69LGHRFDEOH
$IBQUFS$POOFDUJOH:PVS57
(QJOLVK
8VLQJWKH6&$57&DEOH

&RQQHFWWKH6&$57FDEOHEHWZHHQWKH$9RU$9MDFNRQ79DQGWKH
6&$57MDFNRQ\RXU'9'SOD\HU

7XUQRQWKH79DQGWKHQSUHVVWKH79$9EXWWRQWRVHOHFW$9RU$9

7XUQRQ\RXU'9'SOD\HUDQGWKHQLQVHUWD'9'LQWRWKH'9'SOD\HUDQG
SUHVVWKH3/$<EXWWRQRQ\RXU'9'SOD\HU5HIHUWRWKH'9'SOD\HU
RZQHU¶VPDQXDO
8VLQJWKH$XGLR&RPSRQHQW9LGHR&DEOH

&RQQHFWWKHFRPSRQHQWYLGHRFDEOHVEHWZHHQWKH&20321(179,'(2
<3E3ULQSXWMDFNVRQ79DQGWKHFRPSRQHQWYLGHRRXWSXWMDFNVRQ\RXU
'9'SOD\HU

&RQQHFWWKHDXGLRFDEOHEHWZHHQWKH$8',2/5IRU&20321(17LQSXW
MDFNVRQ79DQGWKHDXGLRRXWSXWMDFNVRQ\RXU'9'SOD\HU

7XUQRQWKH79DQGWKHQSUHVVWKH79$9EXWWRQWRVHOHFW&RPSRQHQW

7XUQRQ\RXU'9'SOD\HUWKHQLQVHUWD'9'LQWRWKH'9'SOD\HUDQGSUHVV
WKH3/$<EXWWRQRQ\RXU'9'SOD\HU5HIHUWRWKH'9'SOD\HURZQHU¶V
PDQXDO
1RWH'HSHQGLQJRQWKHPDQXIDFWXUHUWKH<3E3UMDFNVPD\EHLGHQWL¿HGDV
<3
%
3
5
<%<5<RU<&
%
&
5
&RQQHFWLQJWRWKH'9'3OD\HU
6&$57FDEOH
'9'
&RPSRQHQWFDEOH
'9'
$XGLRFDEOH
$IBQUFS$POOFDUJOH:PVS57
(QJOLVK
8VLQJWKH+'0,&DEOH
+LJK'H¿QLWLRQ0XOWLPHGLD,QWHUIDFH+'0,LVWKHOHDGLQJQHZVWDQGDUGIRU
'LJLWDOYLGHRDQGDXGLRLQWHUFRQQHFWLRQ

&RQQHFWWKH+'0,FDEOHEHWZHHQWKH+'0,LQSXWMDFNRQ79DQGWKH+'0,
RXWSXWMDFNRQ\RXU'9'SOD\HU

7XUQRQWKH79DQGWKHQSUHVVWKH79$9EXWWRQWRVHOHFW+'0,

7XUQRQ\RXU'9'SOD\HUWKHQLQVHUWD'9'LQWRWKH'9'SOD\HUDQGSUHVV
WKH3/$<EXWWRQRQ\RXU'9'SOD\HU5HIHUWRWKH'9'SOD\HURZQHU¶V
PDQXDO
8VLQJWKH+'0,WR'9,$GDSWHU

&RQQHFWWKH+'0,FDEOHEHWZHHQWKH+'0,LQSXWMDFNRQWKH79DQG+'0,
MDFNRQWKH+'0,WR'9,DGDSWHU

&RQQHFWWKH+'0,WR'9,DGDSWHUWRWKH'9,RXWSXWMDFNRQWKH'9'SOD\HU

&RQQHFWWKHDXGLRFDEOHEHWZHHQWKH$8',2/5IRU&20321(17LQSXW
MDFNVRQ79DQGWKHDXGLRRXWSXWMDFNVRQ\RXU'9'SOD\HU

7XUQRQWKH79DQGWKHQSUHVVWKH79$9EXWWRQWRVHOHFW+'0,

7XUQRQ\RXU'9'SOD\HUWKHQLQVHUWD'9'LQWRWKH'9'SOD\HUDQGSUHVV
WKH3/$<EXWWRQRQWKH'9'SOD\HU5HIHUWRWKH'9'SOD\HURZQHU¶V
PDQXDO
'9'
+'0,FDEOH
'9'
+'0,'9,FDEOH
$IBQUFS$POOFDUJOH:PVS57
$XGLRFDEOH
(QJOLVK
8VLQJWKH6&$57FDEOH

&RQQHFWWKH6&$57FDEOHEHWZHHQWKH$9RU$9MDFNRQ79DQGWKH
6&$57MDFNRQ\RXU67%

7XUQRQWKH79DQGWKHQSUHVVWKH79$9EXWWRQWRVHOHFW$9RU$9

7XUQRQ\RXU67%5HIHUWRWKH67%RZQHU¶VPDQXDO
8VLQJWKH$XGLR&RPSRQHQW9LGHR&DEOH

&RQQHFWWKHFRPSRQHQWYLGHRFDEOHVEHWZHHQWKH&20321(179,'(2
<3E3ULQSXWMDFNVRQ79DQGWKHFRPSRQHQWYLGHRRXWSXWMDFNVRQ\RXU
67%

&RQQHFWWKHDXGLRFDEOHEHWZHHQWKH$8',2/5IRU&20321(17LQSXW
MDFNVRQ79DQGWKHDXGLRRXWSXWMDFNVRQ\RXU67%

7XUQRQWKH79DQGWKHQSUHVVWKH79$9EXWWRQWRVHOHFW&RPSRQHQW

7XUQRQ\RXU67%5HIHUWRWKH67%RZQHU¶VPDQXDO
1RWH'HSHQGLQJRQWKHPDQXIDFWXUHUWKH<3E3UMDFNVPD\EHLGHQWL¿HGDV
<3
%
3
5
<%<5<RU<&
%
&
5
&RQQHFWLQJWRWKH6HW7RS%R[
6&$57FDEOH
67%
&RPSRQHQWFDEOH
67%
$XGLRFDEOH
$IBQUFS$POOFDUJOH:PVS57
(QJOLVK
8VLQJWKH+'0,&DEOH
+LJK'H¿QLWLRQ0XOWLPHGLD,QWHUIDFH+'0,LVWKHOHDGLQJQHZVWDQGDUGIRU
'LJLWDOYLGHRDQGDXGLRLQWHUFRQQHFWLRQ

&RQQHFWWKH+'0,FDEOHEHWZHHQWKH+'0,LQSXWMDFNRQ79DQGWKH+'0,
RXWSXWMDFNRQ\RXU67%

7XUQRQWKH79DQGWKHQSUHVVWKH79$9EXWWRQWRVHOHFW+'0,

7XUQRQ\RXU67%5HIHUWRWKH67%RZQHU¶VPDQXDO
8VLQJWKH+'0,WR'9,$GDSWHU

&RQQHFWWKH+'0,FDEOHEHWZHHQWKH+'0,LQSXWMDFNRQWKH79DQG+'0,
MDFNRQWKH+'0,WR'9,DGDSWHU

&RQQHFWWKH+'0,WR'9,DGDSWHUWRWKH'9,RXWSXWMDFNRQWKH67%

&RQQHFWWKHDXGLRFDEOHEHWZHHQWKH$8',2/5IRU&20321(17LQSXW
MDFNVRQ79DQGWKHDXGLRRXWSXWMDFNVRQ\RXU67%

7XUQRQWKH79DQGWKHQSUHVVWKH79$9EXWWRQWRVHOHFW+'0,

7XUQRQ\RXU67%5HIHUWRWKH67%RZQHU¶VPDQXDO
67%
+'0,FDEOH
67%
$XGLRFDEOH
+'0,'9,FDEOH
$IBQUFS$POOFDUJOH:PVS57
(QJOLVK

&RQQHFWWKHRSWLFDOFDEOHEHWZHHQWKH63',)287MDFNRQ79DQGWKH
RSWLFDOLQSXWMDFNRQ\RXUGLJLWDODXGLRV\VWHP

7XUQRQWKH79DQG\RXU'LJLWDO$XGLR6\VWHPDQGWKHQDGMXVWWKHYROXPH
5HIHUWRWKH'LJLWDO$XGLR6\VWHPRZQHU¶VPDQXDO
1RWH,QRUGHUWRHQMR\WKHVRXQGIURPWKH'LJLWDO$XGLR6\VWHPSUHVVWKH
92/EXWWRQRU087(EXWWRQWRPLQLPLVHWKHYROXPHRUWRFXWRIIWKHVRXQG
IURPWKH79

&RQQHFWWKH3&FDEOHEHWZHHQWKH3&,1387MDFNRQ79DQGWKH3&RXWSXW
MDFNRQ\RXU3&

&RQQHFWWKHDXGLRFDEOHEHWZHHQWKH3&$8',2,1MDFNRQ79DQGWKH
DXGLRRXWSXWMDFNRQ\RXU3&

7XUQRQWKH79DQGWKHQSUHVVWKH79$9EXWWRQWRVHOHFW3&
&RQQHFWLQJWRWKH'LJLWDO$XGLR6\VWHP
&RQQHFWLQJWRWKH3&
2SWLFDOFDEOH
'LJLWDO$XGLR6\VWHP
$XGLRFDEOH
3&
3&FDEOH
$IBQUFS$POOFDUJOH:PVS57
(QJOLVK
&RQQHFWDVHWRIKHDGSKRQHVWR+3MDFNRQ79LI\RXZDQWWRZDWFKDWHOHYLVLRQ
SURJUDPPHZLWKRXWGLVWXUELQJRWKHUSHRSOHFORVHWR\RX
1RWH3URORQJHGXVHRIKHDGSKRQHVDWDKLJKYROXPHPD\FDXVHKHDOWKGDPDJH
RQ\RXUHDUV
&RQGLWLRQDO$FFHVV6\VWHP&$6LVDWHFKQRORJ\XVHGWRFRQWURODFFHVVWR
GLJLWDOWHOHYLVLRQ'79VHUYLFHVWRDXWKRULVHGXVHUVE\HQFU\SWLQJWKHWUDQVPLWWHG
SURJUDPPLQJ
,QVHUWLQJD6PDUWFDUG5HDG\IRUIXWXUHXVH
,QVHUWWKH6PDUWFDUGLQWRWKHVORWDWUHDUÀDSRI\RXU79$YDOLG6PDUWFDUG
HQDEOHV\RXWRDFFHVVWRDOOWKHFKDQQHOV\RXVXEVFULEHWR

2SHQWKHUHDUÀDSRI\RXU79

+ROGWKH6PDUWFDUGZLWKWKHHOHFWURQLFFKLSIDFLQJEDFNZDUGVWR\RXU79

,QVHUWWKH6PDUWFDUGLQWRWKHOHIWVORWXQWLOWKHFDUGLVFRPSOHWHO\LQ
&RQQHFWLQJ+HDGSKRQHV
$IBQUFS$POOFDUJOH:PVS57
&RQGLWLRQDO$FFHVV6\VWHP
IRUWKHGLJLWDOFKDQQHOVRQO\
6PDUW&DUG
/HIW6ORW
(QJOLVK
,QVHUWLQJD&,0RGXOHZLWK6PDUWFDUG
&,0RGXOHORRNVOLNHD3&&DUGFDOOHG3&0&,$IRUODSWRSV7KHUHDUHGLIIHUHQW
NLQGVRI&,0RGXOHVVXLWDEOHIRUGLIIHUHQWFRGLQJV\VWHPV

2SHQWKHUHDUÀDSRI\RXU79

)ROORZWKHLQVWUXFWLRQVRIWKHPRGXOHDQGLQVHUWWKH6PDUWFDUGLQWRWKH
&RPPRQ,QWHUIDFH&,PRGXOH

.HHSWKH&,PRGXOHZLWKWKH6PDUWFDUGYHUWLFDOO\

,QVHUWWKH&,PRGXOHFRPSOHWHO\LQWRWKHULJKWVORW
1RWH(QVXUHWKH6PDUWFDUGRU&,PRGXOHLVLQVHUWHGLQWKHULJKWGLUHFWLRQ
,QVHUWLQJLQWKHZURQJGLUHFWLRQPD\FDXVHGDPDJHWRWKH6PDUWFDUGRU&,
PRGXOH
$IBQUFS$POOFDUJOH:PVS57
&,0RGXOH 6PDUWFDUG 5LJKW6ORW
(QJOLVK
7RWXUQRQ\RXU79GRDVIROORZV

&RQQHFWWKHSRZHUFRUGRQ79WRWKHZDOORXWOHW

3UHVVWKH32:(5VZLWFKRQWKHIURQWRI\RXU797KHVWDQGE\LQGLFDWRU
OLJKWVXS

3UHVVWKH67$1'%<EXWWRQRQ\RXUUHPRWHFRQWURORURQWKHIURQWRI\RXU
79WRWXUQRQWKH79
1RWH7RVHW\RXU79LQVWDQGE\PRGHSUHVVWKH67$1'%<EXWWRQDJDLQRQWKH
UHPRWHFRQWURORU RQWKHIURQWRI\RXU79,WVDYHVWKHHOHFWULFXVDJHZKHQ
\RXZDQWWRVWRSZDWFKLQJ79WHPSRUDULO\GXULQJDPHDOIRUH[DPSOH

7RWXUQRIIWKH79SUHVVWKH32:(5VZLWFKRQWKHIURQWRI\RXU79
1RWH'RQRWOHDYH\RXU79LQVWDQGE\PRGHIRUWRRORQJRQKROLGD\IRU
H[DPSOH7XUQRIIWKH79E\SUHVVLQJWKH32:(5VZLWFKRQWKHIURQWRI\RXU79
,WLVUHFRPPHQGHGIRU\RXWRWXUQRIIWKHSRZHUE\GLVFRQQHFWLQJWKHSRZHUFRUG
7XUQLQJRQ<RXU79
:KHQ\RXVWDUWXVLQJ\RXU79IRUWKH¿UVWWLPH\RXPXVWVHOHFWWKHODQJXDJHIRU
GLVSOD\LQJPHQXVDQGLQGLFDWLRQV

3UHVVWKH0(18EXWWRQ

6HOHFW6\VWHPXVLQJWKHŸźEXWWRQDQGSUHVVWKH2.RUŹEXWWRQ

6HOHFWWKHODQJXDJHRI\RXUFKRLFHXVLQJWKHŻŹEXWWRQ
7KH2Q6FUHHQ'LVSOD\26'PHQXZLOOEHVKRZQLQWKHVHOHFWHGODQJXDJH

3UHVV(;,7EXWWRQWRUHWXUQWR/LYH79RUSUHVVWKH%$&.EXWWRQWRUHWXUQWR
WKHSUHYLRXVPHQX
6HOHFWLQJWKH0HQX/DQJXDJH
$IBQUFS5VSOJOHPO:PVS57
4ZTUFN
&OHMJTI-BOHVBHF
5JNF4FUUJOH
1BSFOUBM$POUSPMT
$*
%FGBVMU4FUUJOH
WX
.PWF 1SFWJPVT.FOV
#BDL
&YJU.FOV
&YJU
$IBOHF0QUJPO
(QJOLVK
6HOHFWLQJWKH0DLQ,QSXW6RXUFH
2QFH\RXKDYHFRQQHFWHG\RXUYDULRXVDXGLRDQGYLGHRV\VWHPV\RXFDQYLHZ
GLIIHUHQWVRXUFHVE\VHOHFWLQJLQSXWVRXUFHV

3UHVVWKH79$9EXWWRQ

6HOHFWWKHPDLQLQSXWDPRQJWKHVRXUFHVEHORZXVLQJWKHŸRUźEXWWRQ
'LJLWDO79!$QDORJ79!$9!$9!$9&9%6!69LGHR!
&RPSRQHQW!3&!+'0,

3UHVVWKH2.EXWWRQ
6HWWLQJ&KDQQHOV
6FDQQLQJ&KDQQHOV$XWRPDWLFDOO\
<RXFDQDXWRPDWLFDOO\VFDQFKDQQHOVIRUWKHIUHTXHQF\UDQJHVDYDLODEOH
DYDLODELOLW\GHSHQGVRQ\RXUUHJLRQ
3OHDVHPDNHVXUHWKH0DLQ,QSXWLVVHWWR'LJLWDO79RU$QDORJ79XVLQJWKH
79$9EXWWRQ

3UHVVWKH0(18EXWWRQ

6HOHFW&KDQQHOXVLQJWKHŸźEXWWRQDQGSUHVVWKH2.RUŹEXWWRQ

6HOHFW&RXQWU\XVLQJWKHŸźEXWWRQ

6HOHFWWKHFRXQWU\ZKHUH\RXDUHQRZORFDWHGXVLQJWKHŻŹEXWWRQ

6HOHFW$XWR3URJUDPPHXVLQJWKHŸźEXWWRQDQGSUHVVWKH2.RUŹ
EXWWRQ
,WVWDUWVWRVFDQFKDQQHOV)LUVWVFDQVDQDORJDQGWKHQGLJLWDOFKDQQHOV
7KHVFDQQHGFKDQQHOVDUHDXWRPDWLFDOO\VDYHGLQRUGHU7RVWRSVFDQQLQJ
FKDQQHOVSUHVVWKH2.RU%$&.EXWWRQ
1RWH$IWHUWKHFKDQQHOVFDQQLQJFRPSOHWHVLWUHWXUQVWRWKHSUHYLRXVZDWFKLQJ
PRGHDQDORJRUGLJLWDO79PRGH,WGHSHQGVRQZKDWNLQGRIPDLQLQSXW\RX
KDYHVHWWRZDWFK
$IBQUFS5VSOJOHPO:PVS57
.BJO*OQVU
%JHJUBM57
"OBMPH57
"7
"7
"7$7#4
47JEFP
$PNQPOFOU
1$
)%.*
$IBOOFM
&OHMBOE$PVOUSZ
"VUP1SPHSBNNF
.BOVBM1SPHSBNNF
&EJU1SPHSBNNFT
4PGUXBSF6QEBUF
X
4FMFDU
0,
.PWF 1SFWJPVT.FOV
#BDL
&YJU.FOV
&YJU
"VUP1SPHSBNNF

  "57$)%57$)
4UPQ
0, #BDL
(QJOLVK
6FDQQLQJ$QDORJ&KDQQHOV0DQXDOO\
<RXFDQVDYHHDFKFKDQQHOQDPHDQGSURJUDPPHQXPEHUDV\RXLGHQWLI\
3OHDVHPDNHVXUHWKH0DLQ,QSXWLVVHWWR$QDORJ79XVLQJ79$9EXWWRQ
$QDORJFKDQQHOVFDQEHVFDQQHGRQO\LQ$QDORJ79LQSXWPRGH

3UHVVWKH0(18EXWWRQ

6HOHFW&KDQQHOXVLQJWKHŸźEXWWRQDQGSUHVVWKH2.RUŹEXWWRQ

6HOHFW0DQXDO3URJUDPPHXVLQJWKHŸźEXWWRQDQGSUHVVWKH2.RUŹ
EXWWRQ
&RORXU6\VWHPLVKLJKOLJKWHG

6HOHFWWKHUHTXLUHGEURDGFDVWLQJVWDQGDUG$XWR3$/RU6(&$0XVLQJWKH
ŻŹEXWWRQ

6HOHFW$XGLR6\VWHPXVLQJWKHŸźEXWWRQ

6HOHFWWKHUHTXLUHGDXGLRV\VWHP%*,'.RU/XVLQJWKHŻŹEXWWRQ

6HOHFW%DQGXVLQJWKHŸźEXWWRQ

6HOHFWWKHUHTXLUHGVLJQDOVRXUFH9+)8+)RU&DEOHXVLQJWKHŻŹ
EXWWRQ

6HOHFW&KDQQHOXVLQJWKHŸźEXWWRQDQGFKRRVHWKHFKDQQHOQXPEHU
SUHVVLQJWKHŻŹRU180%(5aEXWWRQ

6HOHFW3URJUDPPH1RXVLQJWKHŸźEXWWRQDQGVHOHFWWKHSURJUDPPH
QXPEHU\RXZRXOGOLNHWRDVVLJQE\SUHVVLQJWKHŻŹRU180%(5a
EXWWRQ

7RFKDQJHFKDQQHOQDPHVVHOHFW1DPHXVLQJWKHŸźEXWWRQDQGSUHVV
WKH2.RUŹEXWWRQ7KHNH\ZRUGPHQXDSSHDUV

(QWHUWKHQHZFKDQQHOQDPHXVLQJWKHŸźŻŹEXWWRQVDQGSUHVVWKH2.
EXWWRQ
 >2.@&RPSOHWHVLQSXW
 >&DQFHO@&DQFHOVLQSXW
 >3UHYLRXV@>1H[W@6ZLWFKHVGLVSOD\HGWH[WWRDVSHFLDOFKDUDFWHUXSSHU
ORZHUFDVH([WHQGRU([WHQGHWF
 >ĸ@0RYHVEDFNRQHVSDFHIURPWKHFXUUHQWSRVLWLRQDQGGHOHWHVD
FKDUDFWHU

6HOHFW6HDUFKXVLQJWKHŸźEXWWRQDQGSUHVVWKHŻŹEXWWRQWRVWDUW
VHDUFKLQJFKDQQHOV

6HOHFW)LQH7XQHXVLQJWKHŸźEXWWRQDQGSUHVVWKHŻŹEXWWRQWRREWDLQ
DJRRGTXDOLW\RIWKHSLFWXUHDQGVRXQGXQWLO\RXUHDFKWKHRSWLPDOVHWWLQJ

6HOHFW6DYHDQGSUHVVWKH2.EXWWRQWRFRQ¿UP
&KDQQHOPRGHGLVSOD\
 &$LUFKDQQHOPRGH<RXFDQVHOHFWFKDQQHOVE\HQWHULQJWKH
DVVLJQHGQXPEHUIRUEURDGFDVWLQJVWDWLRQVRQDLULQWKLVPRGH
 6&DEOHFKDQQHOPRGH<RXFDQVHOHFWDFKDQQHOE\HQWHULQJWKH
DVVLJQHGQXPEHUIRUFDEOHFKDQQHOVLQWKLVPRGH
$IBQUFS5VSOJOHPO:PVS57
.BOVBM1SPHSBNNF
1"-
#(
7)'6)'
¦¦¦¦¦
$PMPVS4ZTUFN
"VEJP4ZTUFN
#BOE
$IBOOFM
1SPHSBNNF/P
/BNF
4FBSDI
'JOF5VOF
4BWF
WX
$IBOOFM
&OHMBOE$PVOUSZ
"VUP1SPHSBNNF
.BOVBM1SPHSBNNF
&EJU1SPHSBNNFT
X
4FMFDU
0,
.PWF 1SFWJPVT.FOV
#BDL
&YJU.FOV
&YJU
.PWF 1SFWJPVT.FOV
#BDL
&YJU.FOV
&YJU
$IBOHF0QUJPO
.BOVBM1SPHSBNNF
1"-
#(
7)'6)'
¦¦¦¦¦
$PMPVS4ZTUFN
"VEJP4ZTUFN
#BOE
$IBOOFM
1SPHSBNNF/P
/BNF
4FBSDI
'JOF5VOF
4BWF
WX
.PWF 1SFWJPVT.FOV
#BDL
&YJU.FOV
&YJU
4FBSDI
"#$%& '()* +,-.
/ 0 1 2 3 4 5 6 7 8 9 : ;
   
A i     < >
0,  $BODFM  1SFWJPVT /FYU
"#$
¦¦¦¦¦
4FMFDU
0,
1SFWJPVT.FOV
#BDL
&YJU.FOV
&YJU
.PWF
/BNF
(QJOLVK
6FDQQLQJ'LJLWDO&KDQQHOV0DQXDOO\
<RXFDQPDQXDOO\VHOHFWWRVFDQGLJLWDOFKDQQHOV7KHFKDQQHOQXPEHUVDUH
GHWHUPLQHGE\WKHEURDGFDVWLQJVWDWLRQV
3OHDVHPDNHVXUHWKH0DLQ,QSXWLVVHWWR'LJLWDO79XVLQJ79$9EXWWRQ'LJLWDO
FKDQQHOVFDQEHVFDQQHGRQO\LQ'LJLWDO79LQSXWPRGH

3UHVVWKH0(18EXWWRQ

6HOHFW&KDQQHOXVLQJWKHŸźEXWWRQDQGSUHVVWKH2.RUŹEXWWRQ

6HOHFW0DQXDO3URJUDPPHXVLQJWKHŸźEXWWRQDQGSUHVVWKH2.RUŹ
EXWWRQ
6HOHFWHG&KDQQHOLVKLJKOLJKWHG

6HOHFWWKHFKDQQHOQXPEHUWKDW\RXZDQWWRVFDQXVLQJWKHŻŹEXWWRQ

6HOHFW6HDUFKXVLQJWKHŸźEXWWRQDQGSUHVVWKH2.RUŹEXWWRQWRVWDUW
WKHVHDUFK
:KHQFRPSOHWHGWKHQXPEHURIVFDQQHGFKDQQHOZLOOEHGLVSOD\HGIRUD
ZKLOH$QGWKH¿UVWVFDQQHGFKDQQHOLIRQO\ZLOOEHDXWRPDWLFDOO\GLVSOD\HG
(GLWLQJ3URJUDPPHV
$IWHUFKDQQHOVFDQQLQJFRPSOHWHV\RXFDQGHOHWHPRYHDQGVNLSVDYHG
FKDQQHOVRUDGGWKHPWRWKHIDYRXULWHFKDQQHOOLVW
$QDORJFKDQQHOVDUHHGLWDEOHRQO\LQ$QDORJ79LQSXWPRGHDQGGLJLWDOFKDQQHOV
DUHHGLWDEOHRQO\LQ'LJLWDO79LQSXWPRGH

3UHVVWKH0(18EXWWRQ

6HOHFW&KDQQHOXVLQJWKHŸźEXWWRQDQGSUHVVWKH2.RUŹEXWWRQ

6HOHFW(GLW3URJUDPPHVXVLQJWKHŸźEXWWRQDQGSUHVVWKH2.RUŹ
EXWWRQ7KH(GLW3URJUDPPHVPHQXZLOODSSHDU
1RWH0RYHLVDYDLODEOHIRUDQDORJFKDQQHOVRQO\
$IBQUFS5VSOJOHPO:PVS57
$IBOOFM
&OHMBOE$PVOUSZ
"VUP1SPHSBNNF
.BOVBM1SPHSBNNF
&EJU1SPHSBNNFT
4PGUXBSF6QEBUF
X
.BOVBM1SPHSBNNF
$IBOOFM
4FBSDI
X
$IBOOFM
&OHMBOE$PVOUSZ
"VUP1SPHSBNNF
.BOVBM1SPHSBNNF
&EJU1SPHSBNNFT
4PGUXBSF6QEBUF
X
&EJU1SPHSBNNFT
  $
  $
  $
  $ 
  $ 
  $ 
  $ 
  $ 
  $ 
 $ 
$
%FMFUF 4LJQ '"7
4FMFDU
0,
.PWF 1SFWJPVT.FOV
#BDL
&YJU.FOV
&YJU
4FMFDU
0,
.PWF 1SFWJPVT.FOV
#BDL
&YJU.FOV
&YJU
4FMFDU
0,
.PWF 1SFWJPVT.FOV
#BDL
&YJU.FOV
&YJU
.PWF
(QJOLVK
'HOHWLQJ3URJUDPPHVIRUDQDORJGLJLWDOFKDQQHOV
<RXFDQGHOHWHFKDQQHOVIURPWKHOLVW

6HOHFWDFKDQQHO\RXZDQWWRGHOHWHXVLQJWKHŸźEXWWRQDQGSUHVVWKH
5('EXWWRQ7KHVHOHFWHGFKDQQHOLVGHOHWHG
6NLSSLQJFKDQQHOVIRUDQDORJGLJLWDOFKDQQHOV
2QFHFKDQQHOVDUHVHOHFWHGWRVNLS\RXFDQVHOHFWWKHVNLSSHGFKDQQHOVXVLQJ
180%(5aEXWWRQVRQO\7KH3EXWWRQVZLOOQRWIXQFWLRQIRUWKHVNLSSHG
FKDQQHOV

6HOHFWDFKDQQHOWRVNLSXVLQJWKHŸźEXWWRQDQGSUHVVWKH*5((1EXWWRQ
<RXFDQVHOHFWPXOWLSOHFKDQQHOV
PDUNDSSHDUVQH[WWRWKHFKDQQHOQDPH
7RFOHDUWKHVNLSSHGFKDQQHOVVHOHFWWKHFKDQQHO\RXGRQ¶WZDQWWRVNLSDQG
SUHVVWKH*5((1EXWWRQ
$GGLQJ)DYRXULWH&KDQQHOV
IRUDQDORJGLJLWDOFKDQQHOV
<RXFDQDGGIDYRXULWHFKDQQHOVRUUHPRYHIDYRXULWHFKDQQHOVIURPWKHOLVW

6HOHFWDFKDQQHOWRDGGLQWRDIDYRXULWHFKDQQHOXVLQJWKHŸźEXWWRQDQG
SUHVVWKH<(//2:EXWWRQ
PDUNDSSHDUVQH[WWRWKHFKDQQHOQDPH
7RFOHDUWKHIDYRXULWHFKDQQHOVIURPWKHOLVWVHOHFWWKHIDYRXULWHFKDQQHO\RX
ZDQWWRGHOHWHDQGSUHVVWKH<(//2:EXWWRQ
,I\RXSUHVVWKH)$9EXWWRQHDFKIDYRXULWHFKDQQHOFDQEHVHOHFWHGLQ
VHTXHQWRUGHU
0RYLQJWKH/RFDWLRQRI3URJUDPPHV
IRUDQDORJFKDQQHOVRQO\
<RXFDQFKDQJHWKHORFDWLRQRIFKDQQHOVLQWKHFKDQQHOOLVWRI(GLW3URJUDPPH
PHQX

6HOHFWDFKDQQHOWRPRYHWKHFKDQQHOORFDWLRQXVLQJWKHŸźEXWWRQDQG
SUHVVWKH%/8(EXWWRQ
PDUNDSSHDUVQH[WWRWKHFKDQQHOQDPH

0RYHWKHVHOHFWLRQWRDQHZORFDWLRQLQWKHFKDQQHOOLVWXVLQJWKHŸź
EXWWRQDQGSUHVVWKH%/8(EXWWRQ7KHVHOHFWHGFKDQQHOLVPRYHGWRLWV
QHZORFDWLRQDQGDOORWKHUFKDQQHOVDUHVKLIWHGDFFRUGLQJO\
$IBQUFS5VSOJOHPO:PVS57
&EJU1SPHSBNNFT
  $
  $
  $
  $ 
  $ 
  $ 
  $ 
  $ 
  $ 
 $ 
$
%FMFUF 4LJQ '"7 .PWF
&EJU1SPHSBNNFT
  $ 
  $
  $
  $ 
  $ 
  $ 
  $ 
  $ 
  $ 
 $ 
$
%FMFUF 4LJQ '"7 .PWF
.PWF
&EJU1SPHSBNNFT
  $ 
  $
  $
  $ 
  $ 
  $ 
  $ 
  $ 
  $ 
 $ 
$
%FMFUF 4LJQ '"7 .PWF
&EJU1SPHSBNNFT
  $ 
  $
  $
  $ 
  $ 
  $ 
  $ 
  $ 
  $ 
 $ 
$
%FMFUF 4LJQ '"7 .PWF
(QJOLVK
<RXFDQYLHZWKHOLVWRIDOODQDORJDQGGLJLWDOFKDQQHOVXVLQJ/,67EXWWRQDQG
VZLWFKWRRWKHUFKDQQHOVRQWKHFKDQQHOOLVW
$QDORJFKDQQHOOLVWDSSHDUVRQO\LQ$QDORJ79LQSXWPRGHDQGGLJLWDOFKDQQHO
OLVWDSSHDUVRQO\LQ'LJLWDO79LQSXWPRGH

3UHVVWKH/,67EXWWRQZKLOHZDWFKLQJWKHDQDORJRUGLJLWDOFKDQQHOV

7RFKDQJHWKHFKDQQHOVHOHFW\RXUGHVLUHGFKDQQHOXVLQJWKHŸźEXWWRQ
DQGSUHVVWKH2.EXWWRQ7KHVHOHFWHGFKDQQHOLVGLVSOD\HG
1RWH<RXFDQPRYHWR\RXUGHVLUHGFKDQQHOGLUHFWO\E\HQWHULQJWKHFKDQQHO
QXPEHUXVLQJWKH180%(5aEXWWRQV
9LHZLQJ&KDQQHO/LVW
$IBQUFS5VSOJOHPO:PVS57
  $
  $
  $
  $ 
  $ 
  $ 
  $ 
  $ 
  $ 
 $ 
$
$IBOOFM-JTU
(QJOLVK
'LVSOD\LQJ,QIRUPDWLRQ
<RXFDQGLVSOD\WKHFKDQQHOLQIRUPDWLRQDQGVHWWLQJVWDWXV\RXVHOHFWHGRQWKH
VFUHHQ
3UHVVWKH2.EXWWRQWRGLVSOD\WKHVHWWLQJVWDWXVRIFXUUHQWVFUHHQLQDQ\LQSXW
VRXUFHV
7KHFXUUHQWVHWWLQJLQIRUPDWLRQVXFKDVWKHWLPHLQSXWVRXUFHDVSHFWUDWLR
SLFWXUHPRGHVRXQGHIIHFWDQGVOHHSWLPHULVGLVSOD\HGDWWKHWRSULJKWKDQG
FRUQHURIWKHVFUHHQ
<RXFDQYLHZWKHSURJUDPPHLQIRUPDWLRQE\SUHVVLQJWKH,1)2EXWWRQZKLOH
ZDWFKLQJDGLJLWDOSURJUDPPH
 &KDQQHOQXPEHUDQGFKDQQHOQDPH
 &XUUHQWWLPH
 3URJUDPPHQDPH
 3URJUDPPHEURDGFDVWLQJWLPH
 'HWDLOHGSURJUDPPHLQIRUPDWLRQ
 ,FRQV
'LVSOD\HGRQO\ZKHQWKLVFKDQQHOLVUHFRUGLQJ
'LVSOD\HGZKHQWKHFKDQQHOVXSSRUWVGDWDFKDQQHO
'LVSOD\HGZKHQWKHFKDQQHOVXSSRUWVWHOHWH[W0+(*
'LVSOD\HGRQO\LIWKLVSURJUDPPHLVUHVHUYHG
5HSUHVHQWVWKHUHFRPPHQGHGPLQLPXPDJHIRUWKHFXUUHQWSURJUDPPH
'LVSOD\HGRQO\ZKHQWKHFKDQQHOLVDORFNHGFKDQQHO
'LVSOD\HGRQO\ZKHQWKHFKDQQHOLVDVFUDPEOHGFKDQQHO
'LVSOD\HGRQO\ZKHQVXEWLWOHLQIRUPDWLRQLVDYDLODEOH
'LVSOD\HGRQO\ZKHQWKHUHLVDQ\WHOHWH[WLQIRUPDWLRQ
$IBQUFS5VSOJOHPO:PVS57
&$
0+(*
'
5JNF
.BJO
1*11#1
"TQFDUSBUJP
1*$.PEF
4/%&õFDU
4MFFQ5JNFS

%57
"57

6TFS
6TFS
0õ

3"**OUFSOBUJPOBM
5IF-BXTVJUmMFEJOUIF.POSPF$PVOUZ$JSDVJU$PVSUPO'SJEBZ6OEFSTUBUFMBX
UIFGPSNFS)PPTJFSTDPBDIIBEVOUJM5VFTEBZUPUBLFMFHBMBDUJPOLOJHIUXBTmSFE
4JQUCZVOJWFSTJUZQSFTJEFOU.ZMFT#SBOEBOEHBWF*OEJBOBOPUJDFJO
FBSMZUIBUIFNJHIUTVFGPSXSPOHGVMEJTNJTTBM*OIJTMBXTVJU,OJHIUDMBJNFE
MPTTFTJOFYDFTTPGNJMMJPOBOEDPOUFOEFEIFXBTUFSNJOBUFEXJUIPVUDBVTF
XJUIPVUBQSPQFS
'JOBODJBM/FXT

_
n
p
r
s
o
q
Ÿ'LJLWDO79,QSXW
(QJOLVK
'LVSOD\LQJ'LJLWDO7HOHWH[W0+(*
IRUWKHGLJLWDOFKDQQHOVRQO\
,I\RXUFKRVHQFKDQQHOKDVWHOHWH[W0+(*IHDWXUHV\RXFDQDFFHVVWKHP
7HOHWH[WVHUYLFHVRIWHQORDGDXWRPDWLFDOO\VKRUWO\DIWHUWKH'LJLWDO7HOHWH[WZLQGRZ
LVGLVSOD\HG,QZKLFKFDVHVLPSO\IROORZWKHJLYHQLQVWUXFWLRQVSUHVVFRORXU
EXWWRQV

3UHVV7(;7EXWWRQWRDFFHVVWHOHWH[W0+(*IHDWXUHV

3UHVV7(;7EXWWRQDJDLQWRUHWXUQWRQRUPDOYLHZLQJ

3UHVVWKH3EXWWRQWRH[LWWKLVVHUYLFH
1RWH<RXVKRXOGVHOHFW2IIIURPWKHVXEWLWOHODQJXDJHWRGLVSOD\
WHOHWH[W0+(*
&KDQJLQJ6XEWLWOH/DQJXDJH
IRUWKHGLJLWDOFKDQQHOVRQO\
,IWKHFXUUHQWSURJUDPPHSURYLGHV6XEWLWOHLQIRUPDWLRQ\RXFDQVHOHFWWKH
ODQJXDJHIRUWKH6XEWLWOH

3UHVVWKH68%7,7/(EXWWRQWRGLVSOD\WKHVXEWLWOHODQJXDJHOLVW

6HOHFW\RXUGHVLUHGVXEWLWOHODQJXDJHE\SUHVVLQJWKH68%7,7/(EXWWRQ
UHSHDWHGO\7KHQWKHVXEWLWOHZLOOEHGLVSOD\HGLQWKHVHOHFWHGODQJXDJHDWWKH
ERWWRPRIWKHVFUHHQ

6HOHFW2IIIURPWKHVXEWLWOHODQJXDJHOLVWLI\RXGRQRWZLVKWRGLVSOD\
VXEWLWOHVLQWKHVFUHHQ
&KDQJLQJ$XGLR2SWLRQV
,IWKHFXUUHQWSURJUDPPHLVDYDLODEOHLQPXOWLSOHDXGLRODQJXDJHV\RXFDQVHOHFW
WKHODQJXDJHWKDW\RXZLVKWROLVWHQLQ

3UHVVWKH6281'75$&.EXWWRQWRGLVSOD\VRXQGWUDFNOLVW

:KLOHZDWFKLQJWKHDQDORJFKDQQHOVVHOHFW6WHUHRRU0RQRXVLQJWKHŸź
EXWWRQ

:KLOHZDWFKLQJWKHGLJLWDOFKDQQHOVVHOHFW\RXUGHVLUHGDXGLRODQJXDJH
XVLQJWKHŸźEXWWRQDQGVHOHFW$XGLRSUHIHUHQFH///555XVLQJWKH
ŻŹEXWWRQ
d$QDORJ
d'LJLWDO
$IBQUFS5VSOJOHPO:PVS57
&OHMJTI
.POP
&OHMJTI
(QJOLVK
7KH(OHFWURQLF3URJUDPPH*XLGH(3*GLVSOD\VWKHSURJUDPPHLQIRUPDWLRQ
LQFOXGLQJFKDQQHOQXPEHUVSURJUDPWLWOHVEURDGFDVWLQJVFKHGXOHVDQGVXFK
7KLVVHUYLFHGHSHQGVRQWKHVHUYLFHSURYLGHU<RXFDQDOVRVFKHGXOHWRUHFRUG
SURJUDPPHVXVLQJ(3*LQIRUPDWLRQ
(OHFWURQLF3URJUDPPH*XLGH(3*LVDYDLODEOHRQO\IRUGLJLWDOFKDQQHOV
1RWH3UHVVWKH(3*RU(;,7EXWWRQWRH[LWWKH(3*VFUHHQ
<RXFDQYLHZSURJUDPPHLQIRUPDWLRQIRUDOOGLJLWDOFKDQQHOV

3UHVVWKH(3*EXWWRQZKLOHZDWFKLQJD79SURJUDPPH7KH(OHFWURQLF
3URJUDPPH*XLGH(3*DSSHDUV
 &KDQQHOQXPEHUDQGFKDQQHOQDPH
 1DPHRIVHOHFWHGSURJUDPPH
 %ULHIGHVFULSWLRQRIVHOHFWHGSURJUDPPH
 &XUUHQWGDWHDQGWLPH
 %URDGFDVWLQJWLPHRIVHOHFWHGSURJUDPPH
 %URDGFDVWLQJWLPHOLVW
 3URJUDPPHQDPHOLVW

6HOHFWDSURJUDPPH\RXZDQWWRVHHIRUIXUWKHUPRUHLQIRUPDWLRQ
8VHWKHŸźEXWWRQVWRVHOHFWDSURJUDPPHE\EURDGFDVWLQJWLPH
8VHWKHŻŹEXWWRQVWRVHOHFWDSURJUDPPHE\GDWHZLWKLQWKHVDPH
FKDQQHO

,I\RXSUHVVWKH2.RU,1)2EXWWRQ\RXFDQYLHZWKHGHWDLOHGLQIRUPDWLRQ
RIWKHVHOHFWHGHYHQW6PDOOLFRQVDWWKHERWWRPRIWKHZLQGRZVKRZDOOWKH
DYDLODEOHIXQFWLRQVIRUWKHVHOHFWHGFKDQQHO)RUGHWDLOHGLQIRUPDWLRQDERXW
WKHGHWDLOHGLQIRUPDWLRQVHH&KDSWHU7XUQLQJRQ<RXU79!'LVSOD\LQJ
,QIRUPDWLRQ

3UHVV(;,7EXWWRQWRUHWXUQWR/LYH79RUSUHVVWKH%$&.EXWWRQWRUHWXUQWR
WKHSUHYLRXVPHQX
1RWH(3*GLVSOD\VSURJUDPPHLQIRUPDWLRQIRUWKHQH[WGD\V
9LHZLQJWKH(OHFWURQLF3URJUDPPH*XLGH(3*
$IBQUFS6TJOHUIF&MFDUSPOJD1SPHSBNNF(VJEF&1(
3FDPSE3FTFSWBUJPO 4DIFEVMF
n
p
s
o
q
r
t
+VO
(QJOLVK
5HVHUYLQJD5HFRGLQJ
$IBQUFS6TJOHUIF&MFDUSPOJD1SPHSBNNF(VJEF&1(
<RXFDQVWDUWRUUHVHUYHDUHFRUGLQJRIWKHSURJUDPPHLQWKH(OHFWURQLF
3URJUDPPH*XLGH(3*

3UHVVWKH(3*EXWWRQ

7RUHFRUGDFXUUHQWEURDGFDVWLQJSURJUDPPHVHOHFWWKHFXUUHQWSURJUDPPH
DQGSUHVVWKH5('EXWWRQ7KHUHFRUGLQJLVVWDUWHG

7RUHVHUYHWKHUHFRUGLQJRIDIXWXUHSURJUDPPHVHOHFWWKHGHVLUHG
SURJUDPPHDQGSUHVVWKH5('EXWWRQ³7KLVSURJUDPPHLVUHVHUYHGIRU
UHFRUGLQJ´PHVVDJHDSSHDUV

3UHVVWKH%/8(EXWWRQWRPRYHWRWKH6FKHGXOHVFUHHQ7KHVFKHGXOH
VFUHHQGLVSOD\VWKHUHVHUYHGSURJUDPPHOLVWDQGOHWV\RXDGGHGLWRUGHOHWH
WKHUHVHUYDWLRQV)RUGHWDLOHGLQIRUPDWLRQDERXWWKHVFKHGXOHGUHFRUGLQJ
VHH&KDSWHU5HFRUGLQJ!6FKHGXOHG5HFRUGLQJ

%\WKHUHVHUYHGWLPHWKHUHFRUGLQJZLOOEHVWDUWHG
1RWH%\WKHUHVHUYHGWLPHGXULQJVWDQGE\PRGHWKH/&'SDQHOJRHVRXWEXW
WKHUHFRUGLQJZLOOEHVWDUWHG7KHVWDQGE\LQGLFDWRURQWKHIURQWRI\RXU79ZLOO
WXUQRQUHG
4DIFEVMF
+VO
%FMFUF "EE &EJU &1(
  _ &VSPQFBO4FOJPST5P
  _ +PIO#BSOFT'PPUCBM
  _ +PIO#BSOFT'PPUCBM
  _ (PMB[P'PPUCBMM4IPX
  _ 8PSME$VQ

1JDUVSF
4UBOEBSE




0õ
0õ
)JHI
.PEF
#SJHIUOFTT
$POUSBTU
4IBSQOFTT
$PMPVS
/PJTF3FEVDUJPO
'MFTIUPOF
%ZOBNJD$POUSBTU
$PMPVS5FNQ
#BDLMJHIU#SJHIUOFTT
WX
1JDUVSF
4UBOEBSE




0õ
0õ
)JHI
.PEF
#SJHIUOFTT
$POUSBTU
4IBSQOFTT
$PMPVS
/PJTF3FEVDUJPO
'MFTIUPOF
%ZOBNJD$POUSBTU
$PMPVS5FNQ
#BDLMJHIU#SJHIUOFTT
WX
.PWF 1SFWJPVT.FOV
#BDL
&YJU.FOV
&YJU
$IBOHF0QUJPO
.PWF 1SFWJPVT.FOV
#BDL
&YJU.FOV
&YJU
7BMVF6Q%PXO

#SJHIUOFTT
(QJOLVK
<RXFDQVHOHFWWKHSLFWXUHPRGHZKLFKEHVW¿WV\RXUYLHZLQJUHTXLUHPHQWV

3UHVVWKH0(18EXWWRQ

6HOHFW3LFWXUHXVLQJWKHŸźEXWWRQDQGSUHVVWKH2.RUŹEXWWRQ

6HOHFWWKHUHTXLUHGSLFWXUHPRGHXVLQJWKHŻŹEXWWRQ
7KHIROORZLQJRSWLRQVDUHDYDLODEOH
 6WDQGDUG
 6KRZVWKHRSWLPDOVKDUSQHVVRIWKHSLFWXUHLIYLHZHGLQDZHOOOLJKWHG
URRP
 '\QDPLF
 ,QFUHDVHVWKHFODULW\DQGVKDUSQHVVRIWKHSLFWXUH
 0RYLH
 6HOHFW0RYLHWROHVVHQH\HVWUDLQZKHQZDWFKLQJDPRYLHLQDGDUN
SODFH
 0LOG
 6RIWHQVGLVSOD\ZLWKPRGHUDWHVKDUSQHVVRIWKHSLFWXUH
 *DPH
 &KRRVH*DPHZKHQ\RXVWDUWDYLGHRJDPH
 8VHU
 6HOHFW8VHUWRVHWGHWDLOHGRSWLRQVVXFKDV%ULJKWQHVV&RQWUDVWDQG
&RORXUVRRQ
1RWH<RXFDQVHOHFWDSLFWXUHPRGHE\VLPSO\SUHVVLQJWKH3,&02'(
EXWWRQRQWKHUHPRWHFRQWURO3UHVVDJDLQWRVZLWFK

3UHVVWKH(;,7EXWWRQWRUHWXUQWR/LYH79RUSUHVVWKH%$&.EXWWRQWR
UHWXUQWRWKHSUHYLRXVPHQX
6HOHFWLQJD3LFWXUH0RGH
<RXFDQDGMXVWWKHSLFWXUHDSSHDUDQFHWRVXLW\RXUSUHIHUHQFHDQGYLHZLQJ
VLWXDWLRQV

3UHVVWKH0(18EXWWRQ

6HOHFW3LFWXUHXVLQJWKHŸźEXWWRQDQGSUHVVWKH2.RUŹEXWWRQ

6HOHFWWKHUHTXLUHGRSWLRQXVLQJWKHŸźEXWWRQDQGSUHVVWKHŻŹEXWWRQ
7KHKRUL]RQWDOEDULVGLVSOD\HGZKHQVHOHFWHGWRFKDQJH
7KHIROORZLQJRSWLRQVDUHDYDLODEOH
%ULJKWQHVV!&RQWUDVW!6KDUSQHVV!&RORXU
 %ULJKWQHVV
 $GMXVWVWKHEULJKWQHVVRIGLVSOD\
 &RQWUDVW
 $GMXVWVWKHFRQWUDVWRIGLVSOD\
 6KDUSQHVV
 $GMXVWVWKHVKDUSQHVVRIGLVSOD\
 &RORXU
 $GMXVWVFRORXUVRIGLVSOD\
&XVWRPL]LQJWKH3LFWXUH6HWWLQJV
$IBQUFS4FUUJOHUIF1JDUVSF
1JDUVSF
4UBOEBSE




0õ
0õ
)JHI
.PEF
#SJHIUOFTT
$POUSBTU
4IBSQOFTT
$PMPVS
/PJTF3FEVDUJPO
'MFTIUPOF
%ZOBNJD$POUSBTU
$PMPVS5FNQ
#BDLMJHIU#SJHIUOFTT
WX
.PWF 1SFWJPVT.FOV
#BDL
&YJU.FOV
&YJU
$IBOHF0QUJPO
1JDUVSF
4UBOEBSE




0õ
0õ
)JHI
.PEF
#SJHIUOFTT
$POUSBTU
4IBSQOFTT
$PMPVS
/PJTF3FEVDUJPO
'MFTIUPOF
%ZOBNJD$POUSBTU
$PMPVS5FNQ
#BDLMJHIU#SJHIUOFTT
WX
.PWF 1SFWJPVT.FOV
#BDL
&YJU.FOV
&YJU
$IBOHF0QUJPO
(QJOLVK

3UHVVWKHŻŹEXWWRQXQWLO\RXUHDFKWKHRSWLPDOVHWWLQJ
7RVHOHFWRWKHURSWLRQVUHSHDWWKHVWHSVIURPWR

3UHVV(;,7EXWWRQWRUHWXUQWR/LYH79RUSUHVVWKH%$&.EXWWRQWRUHWXUQWR
WKHSUHYLRXVPHQX
1RWH,I\RXPDNHDQ\FKDQJHVWRWKHRSWLRQVWKHSLFWXUHPRGHLVDXWRPDWLFDOO\
VZLWFKHGWR8VHU7KH&RORXUPHQXLVQRWDYDLODEOHLQWKH3&LQSXWPRGH
,IWKHVLJQDOUHFHLYHGE\\RXUWHOHYLVLRQLVZHDN\RXFDQDFWLYDWHWKLVIHDWXUHWR
KHOSUHGXFHQRLVHWKDWPD\DSSHDURQWKHVFUHHQ

3UHVVWKH0(18EXWWRQ

6HOHFW3LFWXUHXVLQJWKHŸźEXWWRQDQGSUHVVWKH2.RUŹEXWWRQ

6HOHFW1RLVH5HGXFWLRQXVLQJWKHŸźEXWWRQ

6HOHFWWKHUHTXLUHGRSWLRQE\SUHVVLQJWKHŻŹEXWWRQ
7KHIROORZLQJRSWLRQVDUHDYDLODEOH
2II!$GDSWLYH!/RZ!0HGLXP!+LJK

3UHVVWKH(;,7EXWWRQWRUHWXUQWR/LYH79RUSUHVVWKH%$&.EXWWRQWR
UHWXUQWRWKHSUHYLRXVPHQX
1RLVH5HGXFWLRQ
8VH)OHVKWRQHIXQFWLRQWRLPSURYHWKHSLFWXUHTXDOLW\E\DGMXVWLQJFRORXU
EDODQFH

3UHVVWKH0(18EXWWRQ

6HOHFW3LFWXUHXVLQJWKHŸźEXWWRQDQGSUHVVWKH2.RUŹEXWWRQ

6HOHFW)OHVKWRQHXVLQJWKHŸźEXWWRQ

6HOHFWWKHUHTXLUHGRSWLRQXVLQJWKHŻŹEXWWRQ
7KHIROORZLQJRSWLRQVDUHDYDLODEOH
2II!/RZ!0HGLXP!+LJK

3UHVVWKH(;,7EXWWRQWRUHWXUQWR/LYH79RUSUHVVWKH%$&.EXWWRQWR
UHWXUQWRWKHSUHYLRXVPHQX
)OHVKWRQH
$IBQUFS4FUUJOHUIF1JDUVSF
$PMPVS5FNQ
/PSNBM



$PMPVS5FNQ
3FE
(SFFO
#MVF
WX
.PWF 1SFWJPVT.FOV
#BDL
&YJU.FOV
&YJU
$IBOHF0QUJPO
$PMPVS5FNQ
/PSNBM



$PMPVS5FNQ
3FE
(SFFO
#MVF
.PWF 1SFWJPVT.FOV
#BDL
&YJU.FOV
&YJU
7BMVF6Q%PXO
1JDUVSF
4UBOEBSE




0õ
0õ
)JHI
.PEF
#SJHIUOFTT
$POUSBTU
4IBSQOFTT
$PMPVS
/PJTF3FEVDUJPO
'MFTIUPOF
%ZOBNJD$POUSBTU
$PMPVS5FNQ
#BDLMJHIU#SJHIUOFTT
WX
.PWF 1SFWJPVT.FOV
#BDL
&YJU.FOV
&YJU
$IBOHF0QUJPO
(QJOLVK
'\QDPLF&RQWUDVWDXWRPDWLFDOO\GHWHFWVWKHYLVXDOVLJQDODQGDGMXVWVWRFUHDWH
RSWLPDOFRQWUDVW

3UHVVWKH0(18EXWWRQ

6HOHFW3LFWXUHXVLQJWKHŸźEXWWRQDQGSUHVVWKH2.RUŹEXWWRQ

6HOHFW'\QDPLF&RQWUDVWXVLQJWKHŸźEXWWRQ

&KDQJHWKHFRQWUDVWSUHVVLQJWKHŻŹEXWWRQ

3UHVVWKH(;,7EXWWRQWRUHWXUQWR/LYH79RUSUHVVWKH%$&.EXWWRQWR
UHWXUQWRWKHSUHYLRXVPHQX
'\QDPLF&RQWUDVW
<RXFDQFKDQJHWKHFRORXURIWKHHQWLUHVFUHHQWR¿W\RXUQHHGV
6HWWR:DUPIRULQWHQVL¿QJKRWFRORXUVVXFKDVUHGRUVHWWR&RROIRUGLVSOD\LQJ
OHVVLQWHQVHFRORXUVZLWKPRUHEOXH

3UHVVWKH0(18EXWWRQ

6HOHFW3LFWXUHXVLQJWKHŸźEXWWRQDQGSUHVVWKH2.RUŹEXWWRQ

6HOHFW&RORXU7HPSXVLQJWKHŸźEXWWRQDQGSUHVVWKH2.RUŹEXWWRQ

6HOHFWWKHUHTXLUHGFRORXUWHPSHUDWXUHXVLQJWKHŻŹEXWWRQ
7KHIROORZLQJRSWLRQVDUHDYDLODEOH
8VHU!:DUP!1RUPDO!&RRO

7RFXVWRPLVHWKHFRORXUWHPSHUDWXUHVHOHFWWKHUHTXLUHGRSWLRQXVLQJWKH
ŸźEXWWRQ
7KHIROORZLQJRSWLRQVDUHDYDLODEOHWRPDNHFKDQJHV
5HG!*UHHQ!%OXH

3UHVVWKHŻŹEXWWRQXQWLO\RXUHDFKWKHRSWLPDOVHWWLQJ7RVHOHFWRWKHU
RSWLRQVSUHVVWKHŸźEXWWRQ
1RWH,I\RXPDNHDQ\FKDQJHVWRWKHRSWLRQVWKHFRORXUWHPSHUDWXUHPRGHLV
DXWRPDWLFDOO\VZLWFKHGWR8VHU

3UHVVWKH(;,7EXWWRQWRUHWXUQWR/LYH79RUSUHVVWKH%$&.EXWWRQWR
UHWXUQWRWKHSUHYLRXVPHQX
&RORXU7HPSHUDWXUH
$IBQUFS4FUUJOHUIF1JDUVSF
1JDUVSF
4UBOEBSE




0õ
0õ
)JHI
.PEF
#SJHIUOFTT
$POUSBTU
4IBSQOFTT
$PMPVS
/PJTF3FEVDUJPO
'MFTIUPOF
%ZOBNJD$POUSBTU
$PMPVS5FNQ
#BDLMJHIU#SJHIUOFTT
WX
.PWF 1SFWJPVT.FOV
#BDL
&YJU.FOV
&YJU
$IBOHF0QUJPO
(QJOLVK
<RXFDQDGMXVWWKHEULJKWQHVVRI/LTXLG&U\VWDO'LVSOD\/&'

3UHVVWKH0(18EXWWRQ

6HOHFW3LFWXUHXVLQJWKHŸźEXWWRQDQGSUHVVWKH2.RUŹEXWWRQ

6HOHFW%DFNOLJKW%ULJKWQHVVXVLQJWKHŸźEXWWRQ

6HOHFWWKHUHTXLUHGRSWLRQXVLQJWKHŻŹEXWWRQ
7KHIROORZLQJRSWLRQVDUHDYDLODEOH
/RZ!0HGLXP!+LJK

3UHVVWKH(;,7EXWWRQWRUHWXUQWR/LYH79RUSUHVVWKH%$&.EXWWRQWR
UHWXUQWRWKHSUHYLRXVPHQX
$GMXVWLQJ%DFNOLJKW%ULJKWQHVV
$IBQUFS4FUUJOHUIF1JDUVSF
(QJOLVK
<RXFDQVHOHFWWKHW\SHRIVSHFLDOVRXQGHIIHFWZKHQZDWFKLQJDEURDGFDVWLQJ
SURJUDPPH
6RXQG(IIHFWOHWV\RXHQMR\WKHEHVWVRXQGZLWKRXWDQ\VSHFLDODGMXVWPHQW
EHFDXVHWKH79VHWVWKHDSSURSULDWHVRXQGRSWLRQVEDVHGRQWKHSURJUDPPH
FRQWHQW

3UHVVWKH0(18EXWWRQ

6HOHFW6RXQGXVLQJWKHŸźEXWWRQDQGSUHVVWKH2.RUŹEXWWRQ

6HOHFWWKHUHTXLUHGVRXQGHIIHFWXVLQJWKHŻŹEXWWRQ
7KHIROORZLQJRSWLRQVDUHDYDLODEOH
 8VHU
 &XVWRPLVH\RXURZQVRXQGHIIHFWE\FKDQJLQJHTXDOL]HUVHWWLQJVDIWHU
SUHVVLQJWKH2.EXWWRQ
 )ODW
 )ODWDQGSXUHVRXQG
 6SHHFK
 (PSKDVLVHVFOHDUGLDORJXH
 0RYLH
 (PSKDVLVHVEDVVWRQHV
 0XVLF
 (QKDQFHVPXVLFTXLOLW\

3UHVVWKH(;,7EXWWRQWRUHWXUQWR/LYH79RUSUHVVWKH%$&.EXWWRQWR
UHWXUQWRWKHSUHYLRXVPHQX
1RWH<RXFDQVHOHFWVRXQGHIIHFWE\VLPSO\SUHVVLQJWKH61'())(&7EXWWRQ
RQWKHUHPRWHFRQWURO3UHVVDJDLQWRVZLWFK
6HWWLQJWKH6RXQG(IIHFW
<RXFDQDGMXVWWKHRXWSXWRIWKHULJKWDQGOHIWVSHDNHUVWRREWDLQWKHEHVWVWHUHR
UHSURGXFWLRQIRU\RXUOLVWHQLQJSRVLWLRQ

3UHVVWKH0(18EXWWRQ

6HOHFW6RXQGXVLQJWKHŸźEXWWRQDQGSUHVVWKH2.RUŹEXWWRQ

6HOHFW%DODQFHXVLQJWKHŸźEXWWRQ

3UHVVWKHŻŹEXWWRQWRPDNHFKDQJHV

3UHVVWKH(;,7EXWWRQWRUHWXUQWR/LYH79RUSUHVVWKH%$&.EXWWRQWR
UHWXUQWRWKHSUHYLRXVPHQX
$GMXVWLQJWKH6RXQG%DODQFH
$IBQUFS4FUUJOHUIF4PVOE
.PWF &YJU.FOV
&YJU
$IBOHF0QUJPO 4FMFDU
0,
4PVOE
6TFS
3
0õ
0õ
&õFDU
#BMBODF-
"VUP7PMVNF
5SV4VSSPVOE95
WX
.PWF &YJU.FOV
&YJU
$IBOHF0QUJPO
&RVBMJ[FS
7BMVF6Q%PXO 1SFWJPVT.FOV
#BDL
&YJU.FOV
&YJU
.PWF$VSTPS
    ,  ,   ,
4PVOE
6TFS
3
0õ
0õ
&õFDU
#BMBODF-
"VUP7PMVNF
5SV4VSSPVOE95
WX
.PWF 1SFWJPVT.FOV
#BDL
&YJU.FOV
&YJU
7BMVF6Q%PXO
4FMFDU
0,
(QJOLVK
(DFKEURDGFDVWLQJVWDWLRQKDVLWVRZQVLJQDOFRQGLWLRQVYROXPHPD\QRWEH
DGMXVWHGHDFKWLPH\RXVZLWFKFKDQQHOV7KLVIHDWXUHOHWV\RXDXWRPDWLFDOO\
DGMXVWWKHYROXPHRIWKHVHOHFWHGFKDQQHOE\DGMXVWLQJWKHVRXQGRXWSXW
GHSHQGLQJRQWKHVLJQDOPRGXODWLRQ

3UHVVWKH0(18EXWWRQ

6HOHFW6RXQGXVLQJWKHŸźEXWWRQDQGSUHVVWKH2.RUŹEXWWRQ

6HOHFW$XWR9ROXPHXVLQJWKHŸźEXWWRQ

6HOHFW2Q2IIXVLQJWKHŻŹEXWWRQ

3UHVVWKH(;,7EXWWRQWRUHWXUQWR/LYH79RUSUHVVWKH%$&.EXWWRQWR
UHWXUQWRWKHSUHYLRXVPHQX
$GMXVWLQJWKH9ROXPH$XWRPDWLFDOO\
7UX6XUURXQG;7LVDSDWHQWHG656WHFKQRORJ\WKDWVROYHVWKHSUREOHPRISOD\LQJ
PXOWLFKDQQHOFRQWHQWRYHUWZRVSHDNHUV7UX6XUURXQGGHOLYHUVDFRPSHOOLQJ
YLUWXDOVXUURXQGVRXQGHIIHFWWKURXJKWZRVSHDNHUSOD\EDFNV\VWHPLQFOXGLQJ
EXLOWLQWHOHYLVLRQVSHDNHUV,WLVIXOO\FRPSDWLEOHZLWKDOOPXOWLFKDQQHODXGLR
IRUPDWV

3UHVVWKH0(18EXWWRQ

6HOHFW6RXQGXVLQJWKHŸźEXWWRQDQGSUHVVWKH2.RUŹEXWWRQ

6HOHFW7UX6XUURXQG;7XVLQJWKHŸźEXWWRQ

6HOHFW2Q2IIXVLQJWKHŻŹEXWWRQ

3UHVVWKH(;,7EXWWRQWRUHWXUQWR/LYH79RUSUHVVWKH%$&.EXWWRQWR
UHWXUQWRWKHSUHYLRXVPHQX
1RWHLVDWUDGHPDUNRI656/DEV,QF7UX6XUURXQG;7WHFKQRORJ\LV
LQFRUSRUDWHGXQGHUOLFHQVHIURP656/DEV,QF
6HWWLQJWKH7UX6XUURXQG;7
$IBQUFS4FUUJOHUIF4PVOE
4PVOE
6TFS
3
0õ
0õ
&õFDU
#BMBODF-
"VUP7PMVNF
5SV4VSSPVOE95
WX
.PWF 1SFWJPVT.FOV
#BDL
&YJU.FOV
&YJU
$IBOHF0QUJPO
4PVOE
6TFS
3
0õ
0õ
&õFDU
#BMBODF-
"VUP7PMVNF
5SV4VSSPVOE95
WX
.PWF 1SFWJPVT.FOV
#BDL
&YJU.FOV
&YJU
$IBOHF0QUJPO
(QJOLVK
<RXFDQIXOO\HQMR\VRXQGHIIHFWZLWKWKHRSWLFDORXWSXWFRQQHFWHGWRDQH[WHUQDO
GLJLWDODXGLRGHFRGHU

3UHVVWKH0(18EXWWRQ

6HOHFW6RXQGXVLQJWKHŸźEXWWRQDQGSUHVVWKH2.RUŹEXWWRQ

6HOHFW$XGLR3ULRULW\XVLQJWKHŸźEXWWRQ

6HOHFWHLWKHU3&0RU'ROE\'LJLWDOE\SUHVVLQJWKHŻŹEXWWRQ

3UHVVWKH(;,7EXWWRQWRUHWXUQWR/LYH79RUSUHVVWKH%$&.EXWWRQWR
UHWXUQWRWKHSUHYLRXVPHQX
6HWWLQJXS$XGLR3ULRULW\
IRUWKHGLJLWDOFKDQQHOVRQO\
$IBQUFS4FUUJOHUIF4PVOE
4PVOE
6TFS
3
0O
0O
1$.
&õFDU
#BMBODF-
"VUP7PMVNF
5SV4VSSPVOE95
"VEJP1SJPSJUZ
WX
.PWF 1SFWJPVT.FOV
#BDL
&YJU.FOV
&YJU
$IBOHF0QUJPO
(QJOLVK
$OVRFDOOHG3,33LFWXUHLQ3LFWXUH3%33LFWXUHE\3LFWXUH3233LFWXUH
RXWRI3LFWXUHIXQFWLRQDOORZV\RXWRZDWFKWZRSLFWXUHVZLWKPDLQDQGVXE
VFUHHQVDWWKHVDPHWLPHXVLQJ\RXU79RURWKHUH[WHUQDOGHYLFHV

3UHVVWKH0(18EXWWRQ

6HOHFW6FUHHQXVLQJWKHŸźEXWWRQDQGSUHVVWKH2.RUŹEXWWRQ
3,33%3LVKLJKOLJKWHG

3UHVVWKH2.RUŹEXWWRQDJDLQ
7KH0DLQ,QSXWLVVHOHFWHG3UHVVWKHŻŹEXWWRQWRPDNHFKDQJHV
:DWFKLQJ3,33%3323

6HOHFW3,33%3XVLQJWKHŸźEXWWRQ

6HOHFWWKHUHTXLUHG3,33%3W\SHVE\SUHVVLQJWKHŻŹEXWWRQ
2II!3,36PDOO!3,3/DUJH!3%3!3%3!323
1RWHV
<RXFDQVHOHFWWKH3,33%3323PRGHVE\VLPSO\SUHVVLQJWKH3,33%3
EXWWRQRQWKHUHPRWHFRQWURO3UHVVDJDLQWRVZLWFK
<RXFDQQRWFKDQJHWKHDVSHFWUDWLRZKHQ3,33%3323PRGH
7KH3,33%3323IXQFWLRQGRHVQRWEHZRUNHGZLWKWKH395IXQFWLRQDWWKH
VDPHWLPH7KDWLVWKH3,33%3323IXQFWLRQLVQRWDYDLODEOHGXULQJSOD\LQJ
UHFRUGLQJRUWLPHVKLIWHGVWDWH
,I\RXVHW
3,33%3
WR2IIWKHIROORZLQJVDUHQRWDYDLODEOH
6HOHFWLQJDQ,QSXW6LJQDO6RXUFHIRU3,33%3
)XQFWLRQ

6HOHFW3,33%3,QSXWXVLQJWKHŸźEXWWRQ

6HOHFWWKHUHTXLUHGLQSXWVLJQDOVRXUFHE\SUHVVLQJWKHŻŹEXWWRQ
'LJLWDO79!$QDORJ79!$9!$9!$9&9%6!69LGHR!
&RPSRQHQW!3&!+'0,
0DLQ3LFWXUH6RXUFH $YDLODEOH6XE3LFWXUH6RXUFH
'LJLWDO79 $OOLQSXWVRXUFHV
$QDORJ79 'LJLWDO79&RPSRQHQW3&DQG+'0,
$9$9$9&9%669LGHR 'LJLWDO79RQO\
&RPSRQHQW3&+'0, 'LJLWDO79DQG$QDORJ79
1RWH<RXFDQVHOHFWWKHLQSXWVLJQDOVRXUFHVE\VLPSO\SUHVVLQJWKH3,3,1387
EXWWRQRQWKHUHPRWHFRQWURO3UHVVDJDLQWRVZLWFK
3,33%33236HWWLQJV
$IBQUFS4FUUJOHUIF4DSFFO
4DSFFO
"VUP
1*11#1
"TQFDU3BUJP
X
4FMFDU
0,
.PWF 1SFWJPVT.FOV
#BDL
&YJU.FOV
&YJU
1*11#1
%JHJUBM57
0õ
"OBMPH57
3JHIU#PUUPN
.BJO*OQVU
1*11#1
1*11#1*OQVU
1*11PTJUJPO
4XBQ
WX
.PWF 1SFWJPVT.FOV
#BDL
&YJU.FOV
&YJU
$IBOHF0QUJPO
1*11#1
%JHJUBM57
1*14NBMM
"OBMPH57
3JHIU#PUUPN
.BJO*OQVU
1*11#1
1*11#1*OQVU
1*11PTJUJPO
4XBQ
WX
.PWF 1SFWJPVT.FOV
#BDL
&YJU.FOV
&YJU
$IBOHF0QUJPO
(QJOLVK
&KDQJLQJWKH3,33RVLWLRQ

6HOHFW3,33RVLWLRQXVLQJWKHŸźEXWWRQ

6HOHFWWKHUHTXLUHGSRVLWLRQE\SUHVVLQJWKHŻŹEXWWRQ
5LJKW%RWWRP!/HIW%RWWRP!/HIW7RS!5LJKW7RS
1RWH<RXFDQVHOHFWWKHSRVLWLRQVE\VLPSO\SUHVVLQJWKH3,3326,7,21EXWWRQ
RQWKHUHPRWHFRQWURO,WLVDYDLODEOHLQWKH3,3PRGHRQO\
6ZDSSLQJWKH0DLQDQG6XE3LFWXUHV

6HOHFW6ZDSXVLQJWKHŸźEXWWRQ

3UHVVWKHŹEXWWRQWRLQWHUFKDQJHWKHPDLQSLFWXUHDQGWKHVXESLFWXUH
1RWH<RXFDQLQWHUFKDQJHWKHSLFWXUHVE\VLPSO\SUHVVLQJWKH6:$3EXWWRQRQ
WKHUHPRWHFRQWURO
6&$57RXWSXWLQ3,33%3323PRGH
 :KHQERWKWKHPDLQDQGVXESLFWXUHVDUHGLJLWDO79LQSXW$96&$57
RXWSXWVGLJLWDO79QRWDQDORJ79
 :KHQWKHPDLQSLFWXUHLVGLJLWDO79LQSXWDQGWKHVXESLFWXUHLV5*%LQSXW
IURP$9RU$9$96&$57RXWSXWVQRWKLQJ
1RWH%DVLFDOO\RQ\RXU79$96&$57RXWSXWVRQO\$QDORJ79LQSXWVLJQDO
DQG$96&$57RXWSXWV'LJLWDO79$QDORJ79$9$9$9RU69LGHRLQSXW
VLJQDO
$IBQUFS4FUUJOHUIF4DSFFO
1*11#1
%JHJUBM57
1*14NBMM
"OBMPH57
3JHIU#PUUPN
.BJO*OQVU
1*11#1
1*11#1*OQVU
1*11PTJUJPO
4XBQ
WX
.PWF 1SFWJPVT.FOV
#BDL
&YJU.FOV
&YJU
$IBOHF0QUJPO
1*11#1
%JHJUBM57
1*14NBMM
"OBMPH57
3JHIU#PUUPN
.BJO*OQVU
1*11#1
1*11#1*OQVU
1*11PTJUJPO
4XBQ
WX
4FMFDU
0,
.PWF 1SFWJPVT.FOV
#BDL
&YJU.FOV
&YJU
(QJOLVK
<RXFDQFKDQJHWKHDVSHFWUDWLRRIWKHVFUHHQZKLFKEHVWFRUUHVSRQGVWR\RXU
YLHZLQJUHTXLUHPHQWV

3UHVVWKH0(18EXWWRQ

6HOHFW6FUHHQXVLQJWKHŸźEXWWRQDQGSUHVVWKH2.RUŹEXWWRQ

6HOHFW$VSHFW5DWLRXVLQJWKHŸźEXWWRQ

6HOHFWWKHDVSHFWUDWLRRI\RXUFKRLFHE\SUHVVLQJWKHŻŹEXWWRQ
$XWR!!!!=RRP!=RRP
1RWHV
<RXFDQVHOHFWWKHPRGHVE\VLPSO\SUHVVLQJWKH:,'(EXWWRQRQWKHUHPRWH
FRQWURO
:KHQWKH3&LQSXWPRGH\RXFDQVHOHFWRQO\WKHRU
$XWR
'LVSOD\VWKHSLFWXUHDVWKHRULJLQDODVSHFWUDWLRRIWKHVLJQDO\RXUHFHLYHG

'LVSOD\VWKHSLFWXUHLQWKHUDWLR7KHEODFNEDUDSSHDUVRQHDFKVLGH

'LVSOD\VWKHSLFWXUHLQWKHUDWLR7KHWKLQEODFNEDUDSSHDUVRQHDFK
VLGH

'LVSOD\VWKHSLFWXUHLQWKHUDWLRWR¿OOWKHHQWLUHVFUHHQ
=RRP
'LVSOD\VWKHSLFWXUH]RRPHGWR¿OOWKHUDWLRLQDIXOOVFUHHQGLVSOD\7KH
WRSDQGERWWRPRIWKHSLFWXUHDUHFURSSHG
=RRP
'LVSOD\VWKHSLFWXUH]RRPHGWR¿OOWKHUDWLRZLWKEODFNVLGHEDUV7KHWRS
DQGERWWRPRIWKHSLFWXUHDUHVOLJKWO\FURSSHG
6HWWLQJWKH$VSHFW5DWLR
$IBQUFS4FUUJOHUIF4DSFFO



G
=RRP
=RRP
4DSFFO
"VUP
1*11#1
"TQFDU3BUJP
WX
.PWF 1SFWJPVT.FOV
#BDL
&YJU.FOV
&YJU
$IBOHF0QUJPO
4ZTUFN
&OHMJTI-BOHVBHF
5JNF4FUUJOH
1BSFOUBM$POUSPMT
$*
%FGBVMU4FUUJOH
X
4FMFDU
0,
.PWF 1SFWJPVT.FOV
#BDL
&YJU.FOV
&YJU
5JNF4FUUJOH
%BUF
-PDBM5JNF
1PXFS0O5JNF
1PXFS0õ5JNF
"VUP1PXFS0õ
X
.BS

0õ
0õ
0õ
4FMFDU
0,
.PWF 1SFWJPVT.FOV
#BDL
&YJU.FOV
&YJU
5JNF4FUUJOH
%BUF
-PDBM5JNF
1PXFS0O5JNF
1PXFS0õ5JNF
"VUP1PXFS0õ
.BS

0õ
0õ
0õ
$IBOHF0QUJPO .PWF$VSTPS 1SFWJPVT.FOV
#BDL
&YJU.FOV
&YJU
5JNF4FUUJOH
%BUF
-PDBM5JNF
1PXFS0O5JNF
1PXFS0õ5JNF
"VUP1PXFS0õ
.BS

0õ
0õ
0õ
*OQVU7BMVF
_
1SFWJPVT.FOV
&YJU
7BMVF6Q%PXO .PWF$VSTPS
(QJOLVK
<RXFDQVHWWKHFXUUHQWWLPH,I\RXZDQWWRVHWWLPHIRUDXWRPDWLFDOO\WXUQLQJ
RQRIIWKHSRZHU\RXPXVWVHWWKHORFDOWLPH¿UVW
6HWWLQJWKH&XUUHQW'DWHDQG7LPH

3UHVVWKH0(18EXWWRQ

6HOHFW6\VWHPXVLQJWKHŸźEXWWRQDQGSUHVVWKH2.RUŹEXWWRQ

6HOHFW7LPH6HWWLQJXVLQJWKHŸźEXWWRQDQGSUHVVWKH2.RUŹEXWWRQ

6HOHFW'DWHXVLQJWKHŸźEXWWRQDQGSUHVVWKH2.RUŹEXWWRQ

3UHVVWKHŻŹEXWWRQWRVHOHFWGD\PRQWKRU\HDUDQGWKHQDGMXVWWKHP
SUHVVLQJWKHŸźRU180%(5aEXWWRQV

:KHQ\RXDUH¿QLVKHGSUHVVWKH2.EXWWRQWRVDYHWKHGDWH

6HOHFW/RFDO7LPHXVLQJWKHŸźEXWWRQDQGSUHVVWKH2.RUŹEXWWRQ

3UHVVWKHŻŹEXWWRQWRVHOHFWKRXUPLQXWHDQGWKHQVHWWKHFXUUHQWWLPH
SUHVVLQJWKHŸźRU180%(5aEXWWRQV

:KHQ\RXDUH¿QLVKHGSUHVVWKH2.EXWWRQWRVDYHWKHORFDOWLPH
1RWH<RXU79DXWRPDWLFDOO\VHWVDQGXSGDWHVWKHWLPHRYHUWKHDLUZKHQ\RX
VXFFHVVIXOO\VHDUFKGLJLWDOWHUUHVWULDOFKDQQHOV
8VLQJWKH797LPHU)XQFWLRQ
<RXFDQVFKHGXOHWLPHIRUDXWRPDWLFDOO\WXUQLQJRQRIIWKHSRZHUVRWKDW\RXU79
ZLOODXWRPDWLFDOO\EHWXUQHGRQDQGRIIDWVSHFL¿FWLPH\RXKDYHVFKHGXOHG

3UHVVWKH0(18EXWWRQ

6HOHFW6\VWHPXVLQJWKHŸźEXWWRQDQGSUHVVWKH2.RUŹEXWWRQ

6HOHFW7LPH6HWWLQJXVLQJWKHŸźEXWWRQDQGSUHVVWKH2.RUŹEXWWRQ

7RVHWWLPHIRUWXUQLQJRQWKHSRZHUVHOHFW3RZHU2Q7LPHXVLQJWKHŸź
EXWWRQDQGSUHVVWKHŻŹEXWWRQWRVHOHFW2Q

3RZHU2Q7LPHLVHQDEOHGSUHVVWKHŻŹEXWWRQWRVHOHFWKRXUPLQXWH
DQGWKHQVHWWLPHSUHVVLQJWKHŸźRU180%(5aEXWWRQV
6HWWLQJWKH&XUUHQW7LPH,QIRUPDWLRQ
$IBQUFS4FUUJOHUIF4ZTUFN
5JNF4FUUJOH
%BUF
-PDBM5JNF
1PXFS0O5JNF
1PXFS0õ5JNF
"VUP1PXFS0õ
.BS

0õ
0õ
0õ
$IBOHF0QUJPO .PWF$VSTPS 1SFWJPVT.FOV
#BDL
&YJU.FOV
&YJU
5JNF4FUUJOH
%BUF
-PDBM5JNF
1PXFS0O5JNF
1PXFS0õ5JNF
"VUP1PXFS0õ
WX
.BS

0õ
0õ
0õ
.PWF 1SFWJPVT.FOV
#BDL
&YJU.FOV
&YJU
$IBOHF0QUJPO
(QJOLVK
:KHQ\RXDUH¿QLVKHGSUHVVWKH2.EXWWRQWRVDYHWKHWLPHIRUWXUQLQJRQ
WKHSRZHU

7RVHWWLPHIRUWXUQLQJRIIWKHSRZHUVHOHFW3RZHU2II7LPHXVLQJWKHŸź
EXWWRQDQGSUHVVWKHŻŹEXWWRQWRVHOHFW2Q

3RZHU2II7LPHLVHQDEOHGSUHVVWKHŻŹEXWWRQWRVHOHFWKRXUPLQXWH
DQGWKHQVHWWLPHSUHVVLQJWKHŸźRU180%(5aEXWWRQV

:KHQ\RXDUH¿QLVKHGSUHVVWKH2.EXWWRQWRVDYHWKHWLPHIRUWXUQLQJRII
WKHSRZHU
6HWWLQJWKH$XWR3RZHU2II
,QFDVHWKHUHLVQRVLJQDOLWLVSRVVLEOHKDYH\RXU79DXWRPDWLFDOO\WXUQHGRIIWR
UHGXFHSRZHUFRQVXPSWLRQ

3UHVVWKH0(18EXWWRQ

6HOHFW6\VWHPXVLQJWKHŸźEXWWRQDQGSUHVVWKH2.RUŹEXWWRQ

6HOHFW7LPH6HWWLQJXVLQJWKHŸźEXWWRQDQGSUHVVWKH2.RUŹEXWWRQ

6HOHFW$XWR3RZHU2IIXVLQJWKHŸźEXWWRQDQGSUHVVWKHŻŹEXWWRQWR
VHOHFW2Q7KH79ZLOODXWRPDWLFDOO\EHWXUQHGRIILIWKHUHLVQRVLJQDOIRU
PLQXWHV
$IBQUFS4FUUJOHUIF4ZTUFN
4ZTUFN
&OHMJTI-BOHVBHF
5JNF4FUUJOH
1BSFOUBM$POUSPMT
$*
%FGBVMU4FUUJOH
X
4FMFDU
0,
.PWF 1SFWJPVT.FOV
#BDL
&YJU.FOV
&YJU
4ZTUFN
&OHMJTI-BOHVBHF
5JNF4FUUJOH
1BSFOUBM$POUSPMT
$*
%FGBVMU4FUUJOH
4FMFDU
0,
.PWF 1SFWJPVT.FOV
#BDL
&YJU.FOV
&YJU
¦  ¦  ¦  ¦
1MFBTFFOUFSQBTTXPSE
1BSFOUBM$POUSPMT
7FJX"MM"HFMJNJU
$IBOHF1BTTXPSE
WX
.PWF 1SFWJPVT.FOV
#BDL
&YJU.FOV
&YJU
$IBOHF0QUJPO
(QJOLVK
7KLVIHDWXUHHQDEOHV\RXWRSUHYHQWXQDXWKRULVHGXVHUVVXFKDVFKLOGUHQIURP
ZDWFKLQJDGXOWFKDQQHOVRUSURJUDPPHVE\XVLQJDSDVVZRUG\RXKDYHGH¿QHG

3UHVVWKH0(18EXWWRQ

6HOHFW6\VWHPXVLQJWKHŸźEXWWRQDQGSUHVVWKH2.RUŹEXWWRQ

6HOHFW3DUHQWDO&RQWUROVXVLQJWKHŸźEXWWRQDQGSUHVVWKH2.RUŹ
EXWWRQ
7KH3OHDVHHQWHUSDVVZRUGGLDORJER[LVGLVSOD\HG

(QWHU\RXUSDVVZRUGE\SUHVVLQJWKH180%(5aEXWWRQV7KH$JHOLPLW
PHQXLVVHOHFWHG
6HWWLQJWKH$JH/LPLW
$JH/LPLWHQDEOHV\RXWREORFNSURJUDPPHVIURPXQDXWKRULVHGXVHUVDFFRUGLQJ
WRWKHDJHOHYHO\RXKDYHGH¿QHG

6HOHFWWKH$JHOLPLWXVLQJWKHŸźEXWWRQ

'H¿QHDJHVIRUXQDXWKRULVHGXVHUVQRWWRDFFHVVWREORFNHGSURJUDPPHV
XVLQJWKHŻŹEXWWRQ
9LHZ$OO$OOSURJUDPPHVDUHQRWEORFNHG
3URJUDPPHVLVEORFNHGIRUDJHJURXSVXQGHU
3URJUDPPHVLVEORFNHGIRUDJHJURXSVXQGHU
3URJUDPPHVLVEORFNHGIRUDJHJURXSVXQGHU
3URJUDPPHVLVEORFNHGIRUDJHJURXSVXQGHU
/RFN$OO$OO3URJUDPPHVDUHEORFNHGZLWKRXWFRQVLGHULQJWKHDJHOHYHO
1RWHV
,I\RXVHOHFWDEORFNHGFKDQQHO³7KLVSURJUDPPHLVEORFNHGE\DJH´PHVVDJH
DSSHDUV
7RZDWFKWKHEORFNHGSURJUDPPHVE\WKHDJHUHVWULFWLRQ\RXKDYHWRVHWWKH
$JHOLPLWWR9LHZ$OOLQWKH3DUHQWDO&RQWUROVPHQX
3DUHQWDO&RQWURO
IRUWKHGLJLWDOFKDQQHOVRQO\
$IBQUFS4FUUJOHUIF4ZTUFN
4ZTUFN
&OHMJTI-BOHVBHF
5JNF4FUUJOH
1BSFOUBM$POUSPMT
$*
%FGBVMU4FUUJOH
X
1BSFOUBM$POUSPMT
7FJX"MM"HFMJNJU
$IBOHF1BTTXPSE
4FMFDU
0,
.PWF 1SFWJPVT.FOV
#BDL
&YJU.FOV
&YJU
½
¦  ¦  ¦
1MFBTFFOUFSOFXQBTTXPSE
1BSFOUBM$POUSPMT
7FJX"MM"HFMJNJU
$IBOHF1BTTXPSE
4FMFDU
0,
.PWF 1SFWJPVT.FOV
#BDL
&YJU.FOV
&YJU
¦  ¦  ¦  ¦
1MFBTFSFFOUFSOFXQBTTXPSE
4FMFDU
0,
.PWF 1SFWJPVT.FOV
#BDL
&YJU.FOV
&YJU
(QJOLVK
&KDQJLQJWKH3DVVZRUG
<RXFDQFKDQJHWKHFXUUHQWSDVVZRUGWRDQHZRQH

6HOHFW&KDQJH3DVVZRUGXVLQJWKHŸźEXWWRQDQGSUHVVWKH2.RUŹ
EXWWRQ

(QWHU\RXUQHZSDVVZRUGXVLQJWKH180%(5aEXWWRQV

(QWHUWKHQHZSDVVZRUGDJDLQWRFRQ¿UP7KHQ\RXUQHZSDVVZRUGKDV
EHHQPHPRUL]HG
1RWH7KH'HIDXOW3DVVZRUGLV³´,I\RXKDYHIRUJRWWHQ\RXUSDVVZRUG
SOHDVHFRQWDFW\RXUORFDO79GLVWULEXWRU
<RXFDQYLHZWKHFXUUHQWVWDWXVRIWKH&,PRGXOH7KH&,VXEPHQXGLVSOD\V
ZKHQLQVHUWLQJWKH&,PRGXOHRU6PDUWFDUGWRWKH79

3UHVVWKH0(18EXWWRQ

6HOHFW6\VWHPXVLQJWKHŸźEXWWRQDQGSUHVVWKH2.RUŹEXWWRQ

6HOHFW&,&RPPRQ,QWHUIDFHXVLQJWKHŸźEXWWRQDQGSUHVVWKH2.RUŹ
EXWWRQ

,I&RPPRQ,QWHUIDFHLVDYDLODEOH\RXFDQYLHZLQIRUPDWLRQDERXWHDFK6ORW
1RWH7KHGLVSOD\HGLQIRUPDWLRQDERXWHDFK&RPPRQ,QWHUIDFHPD\GLIIHU
GHSHQGLQJRQWKHW\SHRI&RPPRQ,QWHUIDFH
$IBQUFS4FUUJOHUIF4ZTUFN
&RPPRQ,QWHUIDFH
IRUWKHGLJLWDOFKDQQHOVRQO\
4ZTUFN
&OHMJTI-BOHVBHF
5JNF4FUUJOH
1BSFOUBM$POUSPMT
$*
%FGBVMU4FUUJOH
X
4FMFDU
0,
.PWF 1SFWJPVT.FOV
#BDL
&YJU.FOV
&YJU
4ZTUFN
&OHMJTI-BOHVBHF
5JNF4FUUJOH
1BSFOUBM$POUSPMT
$*
%FGBVMU4FUUJOH
4FMFDU
0,
.PWF 1SFWJPVT.FOV
#BDL
&YJU.FOV
&YJU
"MMTFUUJOHWBMVFTXJMMCFJOJUJBMJ[FE
%PZPVXBOUUPSFTFUBMMTFUUJOHWBMVFT
/PUJDF
:FT
/P
(QJOLVK
<RXFDQVHW\RXU79VHWWLQJVWRWKHGHIDXOWVHWWLQJYDOXHV
:DUQLQJ3OHDVHQRWHWKDWRQFH\RXSHUIRUPWKH'HIDXOW6HWWLQJDOOGDWDVXFK
DVDHULDOVHWWLQJLQIRUPDWLRQFKDQQHOOLVWDQGXVHUFRQ¿JXUHGGDWDDUHGHOHWHG
7RSHUIRUP'HIDXOW6HWWLQJGRDVIROORZV

3UHVVWKH0(18EXWWRQ

6HOHFW6\VWHPXVLQJWKHŸźEXWWRQDQGSUHVVWKH2.RUŹEXWWRQ

6HOHFW'HIDXOW6HWWLQJXVLQJWKHŸźEXWWRQDQGSUHVVWKH2.RUŹEXWWRQ
7KH3OHDVHHQWHUSDVVZRUGGLDORJER[LVGLVSOD\HG

(QWHU\RXUSDVVZRUGXVLQJWKH180%(5aEXWWRQV

6HOHFW<HVXVLQJWKHŻŹEXWWRQDQGSUHVVWKH2.EXWWRQWRFKDQJHDOO
VHWWLQJVYDOXHWRWKHIDFWRU\GHIDXOW6HOHFW1RXVLQJWKHŻŹEXWWRQDQG
SUHVVWKH2.EXWWRQRUSUHVVWKH%$&.EXWWRQWRUHWXUQWRWKHSUHYLRXV
PHQX

'HIDXOWVHWWLQJLVFRPSOHWH7KHQWKH79LVDXWRPDWLFDOO\WXUQHGRIIDQGRQ
1RWH7KHGHIDXOWSDVVZRUGLV³´,I\RXKDYHIRUJRWWHQ\RXUSDVVZRUG
SOHDVHFRQWDFW\RXUORFDO79GLVWULEXWRU
'HIDXOW6HWWLQJV
$IBQUFS4FUUJOHUIF4ZTUFN
(QJOLVK
7KH79DXWRPDWLFDOO\UHFRUGWKHSURJUDPPHRQDLULQWKHLQVWDOOHGKDUGGLVN
GULYHWHPSRUDULO\VRWKDWXVHUVFDQSDXVHSOD\IDVWUHZLQGIDVWIRUZDUGLQVWDQW
UHSOD\HWFHYHQZKLOHZDWFKLQJWKHFXUUHQWO\EURDGFDVWLQJ79SURJUDPPH
1RWH:KLOHLQVWDQWUHFRUGLQJRUVFKHGXOHGUHFRUGLQJ\RXFDQQRWSHUIRUPWKH
WLPHVKLIWHGUHFRUGLQJDQGSOD\EDFN
7657LPH%DU
,I\RXSUHVVSOD\EDFNFRQWUROEXWWRQVZKLOHZDWFKLQJ79WKH7657LPHEDU
DSSHDUVRQWKHERWWRPRIWKHVFUHHQ
7657LPHEDUGLVSOD\VWKHFXUUHQWRSHUDWLRQVWDWXVWKHWLPHRIWKHZDWFKLQJ
SRLQWDQGWKHDPRXQWRIWHPSRUDULO\VDYHGSURJUDPPH
 2SHUDWLRQVWDWXV
 :DWFKLQJSRLQW
 %URDGFDVWLQJ/LYHSRLQW
 7KHDPRXQWRIVDYHGSURJUDPPHPD[KRXUV
 7KHWLPHRIZDWFKLQJSRLQWKKPP
 &XUUHQWWLPHKKPP
1RWH:KHQWKHRSHUDWLRQVWDWXVLV3/$<,1*ŹRU/,9(RQWKH7657LPHEDU
LI\RXWDNHQRDFWLRQIRUDERXWVHFRQGVWKH7657LPHEDUZLOOEHGLVDSSHDU
7LPH6KLIW5HFRUGLQJ765
$IBQUFS3FDPSEJOH
7KLVFKDSWHUGHVFULEHVWKH3953HUVRQDO9LGHR5HFRUGHUIXQFWLRQWKDWDOORZV
\RXWRUHFRUGDSURJUDPPHLQWKHLQVWDOOHGKDUGGLVNGULYH

3UHVVWKH0(18EXWWRQ

6HOHFW5HFRUGLQJXVLQJWKHŸźEXWWRQDQGSUHVVWKH2.RUŹEXWWRQ

6HOHFW5HFRUGLQJ4XDOLW\XVLQJWKHŸźEXWWRQDQGSUHVVWKHŻŹEXWWRQ
WRVHOHFWRQHRIWKUHHUHFRUGLQJTXDOLW\
5HFRUGLQJ4XDOLW\ 5HFRUGLQJ7LPH
+4 +LJK4XDOLW\ $SSUR[+U
63 6WDQGDUG3OD\ $SSUR[+U
/3 /RQJ3OD\ $SSUR[+U
,QJHQHUDOWKHUHFRUGLQJTXDOLW\LPSURYHVDVWKHUHFRUGLQJWLPHGHFUHDVHV
5HFRUGLQJWLPHPD\YDU\DFFRUGLQJWRVSHFL¿FFRQGLWLRQV
6HWWLQJWKH5HFRUGLQJ4XDOLW\
nop rs
q
3FDPSEJOH
41
4DIFEVMF
1MBZMJTU
3FDPSEJOH2VBMJUZ
)%%$POUSPM
WX
.PWF 1SFWJPVT.FOV
#BDL
&YJU.FOV
&YJU
$IBOHF0QUJPO
(QJOLVK
3OD\EDFN&RQWURO
3OD\3DXVH
3UHVVWKH3/$<3$86( EXWWRQWRSDXVHWKHSOD\EDFN3UHVVWKHEXWWRQ
DJDLQWRUHVXPHSOD\EDFN7657LPHEDUGLVDSSHDUVDIWHUVHFRQGV
1RWH3DXVHPDNHVWKHWLPHGLIIHUHQFHRUGHOD\EHWZHHQWKHEURDGFDVWLQJSRLQW
DQGZDWFKLQJSRLQW7KHWLPHGLIIHUHQFHLVHTXDOWRWKHSDXVHGWLPHSHULRG<RX
FDQFKHFNWKHWLPHGLIIHUHQFHLQWKH7657LPHEDU2WKHURSHUDWLRQVVXFKDV
VORZPRWLRQDQGUHZLQGDOVRPDNHWKHWLPHGLIIHUHQFH3UHVV6723ŶEXWWRQWR
UHPRYHWKHWLPHGLIIHUHQFHDQGZDWFKWKHSURJUDPPHRQDLUSUHVHQWO\
6WRS
3UHVVWKH6723ŶEXWWRQWRVWRS765SOD\EDFNDQGZDWFKWKHSURJUDPPHRQ
DLUSUHVHQWO\
)DVW)RUZDUG
3UHVVWKH)$67)25:$5' EXWWRQWRTXLFNO\DGYDQFHDUHFRUGHG¿OH
(DFKWLPH\RXSUHVVWKH)$67)25:$5' EXWWRQWKHIRUZDUGVSHHG
LQFUHDVHVE\VWHSV[[[[
7657LPHEDULVVKRZQGXULQJWKHIDVWIRUZDUGLQJ,I\RXSUHVVWKH3/$<3$86(
EXWWRQGXULQJWKHIDVWIRUZDUGLQJWKHSURJUDPPHLVSOD\HGDWQRUPDO
VSHHG
1RWH<RXFDQXVHWKHIDVWIRUZDUGRSHUDWLRQRQO\ZKHQWKHUHLVDWLPH
GLIIHUHQFHEHWZHHQWKHFXUUHQWZDWFKLQJDQGWKHEURDGFDVWLQJSRLQWFDXVHGE\
VRPHSUHYLRXVRSHUDWLRQVVXFKDVSDXVHVORZPRWLRQRUUHZLQG<RXFDQIDVW
IRUZDUGXSWRWKHFXUUHQWEURDGFDVWLQJSRLQW,IWKHZDWFKLQJSRLQWUHDFKHVWRWKH
EURDGFDVWLQJSRLQWWKHSURJUDPPHZLOOSOD\DWQRUPDOVSHHG
)DVW5HZLQG
3UHVVWKH)$675(:,1' EXWWRQWRUHZLQGVWKHSURJUDPPHIDVW
(DFKWLPH\RXSUHVVWKH)$675(:,1' EXWWRQWKHUHZLQGVSHHG
LQFUHDVHVE\VWHSV[[[[
7657LPHEDULVVKRZQGXULQJWKHIDVWUHZLQGLQJ,I\RXSUHVVWKH3/$<3$86(
EXWWRQGXULQJWKHIDVWUHZLQGLQJWKHSURJUDPPHLVSOD\HGDWQRUPDOVSHHG
1RWH<RXFDQUHZLQGWRWKHSRLQWZKHQ\RXKDYHFKDQJHGWRWKHFXUUHQW
FKDQQHO,IWKHZDWFKLQJSRLQWUHDFKHVWKHVWDUWSRLQWGXULQJUHZLQGLQJWKH
SURJUDPPHZLOOEHJLQWRSOD\DWQRUPDOVSHHGIURPWKHSRLQW
$IBQUFS3FDPSEJOH
(QJOLVK
$IBQUFS3FDPSEJOH
6ORZ0RWLRQ
3UHVVWKH6ORZ0RWLRQ EXWWRQWRSOD\WKHFXUUHQWSURJUDPPHLQVORZ
PRWLRQ(DFKWLPH\RXSUHVVWKH6ORZ0RWLRQ EXWWRQWKHVORZVSHHG
GHFUHDVHVE\VWHSV[[[
7657LPHEDULVVKRZQGXULQJWKHVORZPRWLRQLQJ,I\RXSUHVVWKH3/$<3$86(
EXWWRQGXULQJWKHVORZPRWLRQLQJWKHSURJUDPPHLVSOD\HGDWQRUPDO
VSHHG
,QVWDQW5HSOD\
3UHVVWKH,QVWDQW5HSOD\ EXWWRQWRUHSOD\WKHFXUUHQWSURJUDPPHIURPWKH
VHFRQGVEHIRUH:KHQWKHUHSOD\KDVEHHQFRPSOHWHGWKHSURJUDPPHLV
QRUPDOO\SOD\HGIURPWKHSRLQW
&RPPHUFLDO6NLS
3UHVVWKH&RPPHUFLDO6NLS EXWWRQWRSOD\WKHSURJUDPPHIURPWKHWLPH
SRLQWVHFRQGVIRUZDUGIURPWKHFXUUHQWZDWFKLQJSRLQW<RXFDQXVHWKHVNLS
RSHUDWLRQRQO\ZKHQWKHUHLVDWLPHGLIIHUHQFHEHWZHHQWKHFXUUHQWZDWFKLQJ
DQGWKHEURDGFDVWLQJSRLQW,IWKHWLPHGLIIHUHQFHLVOHVVWKDQVHFRQGVWKH
SURJUDPPHLVSOD\HGIURPWKHFXUUHQWEURDGFDVWLQJSRLQW
1RWH$%5HSHDW$Ź%$GG%RRNPDUN DQG%RRNPDUN-XPS 
EXWWRQVGRQRWZRUNLQWKHWLPHVKLIWHGVWDWH
UHGOLJKW
4UBSU3FDPSEJOH
 'JSF
4DIFEVMF
+VO
%FMFUF "EE &EJU &1(
  _ &VSPQFBO4FOJPST5P
  _ +PIO#BSOFT'PPUCBM
  _ +PIO#BSOFT'PPUCBM
  _ (PMB[P'PPUCBMM4IPX
  _ 8PSME$VQ

(QJOLVK

3UHVVWKH5(&25'ƔEXWWRQRQWKHUHPRWHFRQWUROWRUHFRUGWKHFXUUHQW
SURJUDPPHLQVWDQWO\

<RXFDQFKDQJHWKHUHFRUGLQJHQGWLPHE\SUHVVLQJWKH5(&25'ƔEXWWRQ
DJDLQ(DFKWLPH\RXSUHVVWKHŻRUŹEXWWRQWKHHQGWLPHGHFUHDVHVRU
LQFUHDVHVE\PLQXWHV

3UHVVWKH6723ŶEXWWRQWRVWRSUHFRUGLQJ
1RWHV
 <RXFDQ¶WUHFRUGWKHUDGLRRUGDWDSURJUDPPHV
 5HFRUGLQJLVQRWDYDLODEOHIURP&RPSRQHQW+'0,RU3&LQSXWVRXUFHV
 'XULQJUHFRUGLQJ\RXFDQSOD\EDFNWKHUHFRUGHGSURJUDPPHV
 'XULQJUHFRUGLQJ\RXFDQ¶WUHFRUGWKHGLIIHUHQWFKDQQHORU$9LQSXWVRXUFHV
 'XULQJUHFRUGLQJWKH7657LPH6KLIWHG5HFRUGLQJLVQRWDYDLODEOH
 'XULQJ'LJLWDO79RU$QDORJ79UHFRUGLQJ\RXFDQ¶WDFFHVVWRWKH&KDQQHO
PHQX
 <RXFDQUHVHWWKHUHFRUGLQJWLPHZKLOHUHFRUGLQJ
 <RXPD\QRWUHFRUGVFUDPEOHGSURJUDPPHVRUGDWDSURJUDPPHVQRUPDOO\
 <RXVKRXOGVWRSUHFRUGLQJWRZDWFKWKHVFUDPEOHGSURJUDPPH
'XULQJWKH6WDQGE\PRGHWKH/&'SDQHOJRHVRXWEXWWKHUHFRUGLQJLV
FRQWLQXHG7KHVWDQGE\LQGLFDWRURQWKHIURQWRI\RXU79WXUQVRQ5('
(QVXUHWKDWWKHUHLVHQRXJKIUHHVSDFHEHIRUHUHFRUGLQJEHFDXVHLIWKHIUHH
VSDFHRQWKHKDUGGLVNGULYHLVLQVXI¿FLHQWUHFRUGLQJZLOOVWRS5HFRUGLQJ
KRXURISURJUDPPHPD\UHTXLUHXSWR*%RIIUHHVSDFHRIKDUGGLVNVSDFH
7KHVSDFHIRUUHFRUGLQJKRXURISURJUDPPHPD\EHGLIIHUHQWGHSHQGLQJRQ
WKHSURJUDPPHUHFRUGHG
7KHGHIDXOWUHFRUGLQJWLPHRILQVWDQWUHFRUGLQJLVKRXU
'XULQJSOD\EDFNWKHUHFRUGHGSURJUDPPHV\RXFDQ¶WUHFRUGLQVWDQWO\
,QVWDQW5HFRUGLQJ
$IBQUFS3FDPSEJOH
<RXFDQVFKHGXOHWRUHFRUGWKHSURJUDPPHVRQ(3*LQIRUPDWLRQRUVFKHGXOHG
UHFRUGLQJ
)RUGHWDLOHGLQIRUPDWLRQRQUHFRUGLQJXVLQJWKH(3*UHIHUWRFKDSWHU
<RXFDQYLHZWKH6FKHGXOHOLVWE\VHOHFWLQJ0HQX!5HFRUGLQJ!6FKHGXOHRU
SUHVVLQJWKH6&+('8/(EXWWRQ

3UHVVWKH6&+('8/(EXWWRQ
7KH6FKHGXOHDSSHDUV
$GGLQJD5HVHUYDWLRQ

3UHVVWKH*5((1EXWWRQWRGLVSOD\WKHQHZUHVHUYDWLRQVFUHHQ

6HOHFWDQLQSXWVRXUFH\RXZDQWWRUHFRUGXVLQJWKHŻŹEXWWRQ

&KDQJHWKHFKDQQHOQXPEHUGDWHDQGWLPHXVLQJWKHŻŹRU180%(5
aEXWWRQV

&KDQJH5HSHDWPRGHXVLQJWKHŻŹEXWWRQ7KHRSWLRQVDUH2QFH 
'DLO\:HHNO\ :HHNGD\ DQG:HHNHQG 
6FKHGXOHGUHFRUGLQJ
%PZPVXBOUUPEFMFUFUIJTTDIFEVMF
/PUJDF
0,
$BODFM
UHGOLJKW
(QJOLVK

6HOHFW2.DQGSUHVVWKH2.EXWWRQWRDGGWKHQHZUHVHUYDWLRQ

6HOHFW&DQFHODQGSUHVVWKH2.EXWWRQWRFDQFHOWKHUHVHUYDWLRQ
1RWHV
7KHUHFRGLQJVFKHGXOHFDQ¶WEHRYHUODSSHGZLWKDQ\RWKHURQHV
<RXFDQVHWWKH3RZHU2Q2II7LPHRYHUODSSLQJWKHUHFRUGLQJVFKHGXOH
(GLWLQJD5HVHUYDWLRQ

6HOHFWWKHUHVHUYHGSURJUDPPHDQGSUHVVWKH<(//2:EXWWRQWRGLVSOD\
WKHUHVHUYHGLQIRUPDWLRQ

6HOHFWDQLQSXWVRXUFH\RXZDQWWRUHFRUGXVLQJWKHŻŹEXWWRQ

&KDQJHWKHFKDQQHOQXPEHUGDWHDQGWLPHXVLQJWKHŻŹRU180%(5
aEXWWRQV

&KDQJH5HSHDWPRGHXVLQJWKHŻŹEXWWRQ7KHRSWLRQVDUH2QFH 
'DLO\:HHNO\ :HHNGD\ DQG:HHNHQG 

6HOHFW2.DQGSUHVVWKH2.EXWWRQWRVDYHWKHFKDQJHV

6HOHFW&DQFHODQGSUHVVWKH2.EXWWRQWRFDQFHOWKHHGLWLQJ
'HOHWLQJD5HVHUYDWLRQ

6HOHFWDUHVHUYDWLRQ\RXZDQWWRGHOHWHDQGSUHVVWKH5('EXWWRQ
³'R\RXZDQWWRGHOHWHWKLVVFKHGXOH"´PHVVDJHDSSHDUV

6HOHFW2.DQGSUHVVWKH2.EXWWRQWRGHOHWHWKHUHVHUYDWLRQ

6HOHFW&DQFHODQGSUHVVWKH2.EXWWRQWRFDQFHO
%\WKHUHVHUYHGWLPHWKHUHFRUGLQJZLOOEHVWDUWHGZLWKDFRQ¿UPPHVVDJH
1RWHV
 <RXFDQ¶WUHFRUGWKHUDGLRRUGDWDSURJUDPPHV
 5HFRUGLQJLVQRWDYDLODEOHIURP&RPSRQHQW+'0,RU3&LQSXWVRXUFHV
 'XULQJUHFRUGLQJ\RXFDQSOD\EDFNWKHUHFRUGHGSURJUDPPHV
 'XULQJUHFRUGLQJ\RXFDQ¶WUHFRUGWKHGLIIHUHQWFKDQQHORU$9LQSXWVRXUFHV
 'XULQJUHFRUGLQJWKH7657LPH6KLIWHG5HFRUGLQJLVQRWDYDLODEOH
 'XULQJ'LJLWDO79RU$QDORJ79UHFRUGLQJ\RXFDQ¶WDFFHVVWRWKH&KDQQHO
PHQX
 <RXFDQUHVHWWKHUHFRUGLQJWLPHZKLOHUHFRUGLQJ
 <RXPD\QRWUHFRUGVFUDPEOHGSURJUDPPHVRUGDWDSURJUDPPHVQRUPDOO\
 %\WKHUHVHUYHGWLPHGXULQJVWDQGE\PRGHWKH/&'SDQHOJRHVRXWEXWWKH
UHFRUGLQJZLOOEHVWDUWHG7KHVWDQGE\LQGLFDWRURQWKHIURQWRI\RXU79ZLOO
WXUQRQ5('
(QVXUHWKDWWKHUHLVHQRXJKIUHHVSDFHEHIRUHUHFRUGLQJEHFDXVHLIWKHIUHH
VSDFHRQWKHKDUGGLVNGULYHLVLQVXI¿FLHQWUHFRUGLQJZLOOVWRS5HFRUGLQJ
KRXURISURJUDPPHPD\UHTXLUHXSWR*%RIIUHHVSDFHRIKDUGGLVNVSDFH
7KHVSDFHIRUUHFRUGLQJKRXURISURJUDPPHPD\EHGLIIHUHQWGHSHQGLQJRQ
WKHSURJUDPPHUHFRUGHG
$IBQUFS3FDPSEJOH
3FTFSWBUJPO
*OQVU4PVSDF
$IBOOFM
%BUF
4UBSU5JNF
&OE5JNF
3FQFBU
%57




0ODF
0, $BODFM
1MBZMJTU
+VO
%FMFUF 1MBZCBDLGSPNUIFCFHJOOJOH
   _ &VSPQFBO4FOJPST5P
   _ +PIO#BSOFT'PPUCBM
   _ +PIO#BSOFT'PPUCBM
   _ (PMB[P'PPUCBMM4IPX
   _ 8PSME$VQ

(QJOLVK
<RXFDQYLHZWKHUHFRUGHGSURJUDPPHOLVWE\VHOHFWLQJ0HQX!5HFRUGLQJ
!3OD\OLVWRUSUHVVLQJWKH3/$</,67EXWWRQ<RXFDQSOD\\RXUGHVLUHG
SURJUDPPHVLQWKHOLVW

3UHVVWKH3/$</,67EXWWRQ
7KH3OD\OLVWDSSHDUV

6HOHFWDGHVLUHGSURJUDPPHXVLQJWKHŸźEXWWRQDQGSUHVVWKH2.RU
3/$<3$86( EXWWRQWRSOD\
7LPHEDUDSSHDUVDVVKRZQEHORZZKLOHSOD\LQJWKHVHOHFWHGSURJUDPPH
1RWH,QFDVHRIWKHGLJLWDOSURJUDPPHVUHFRUGHGOHVVWKDQPLQXWHVWKH
SURJUDPPHQDPHPD\EHGLVSOD\HGLQDFFXUDWHO\%HFDXVHWKHHYHQWVFDQEH
FKDQJHGZKLOHUHFRUGLQJ
7LPH%DU
,I\RXSUHVVSOD\EDFNFRQWUROEXWWRQVZKLOHZDWFKLQJWKHUHFRUGHGSURJUDPPH
WKH7LPHEDUDSSHDUVRQWKHERWWRPRIWKHVFUHHQ
7LPHEDUGLVSOD\VWKHFXUUHQWSOD\EDFNVWDWXVDVIROORZV
 2SHUDWLRQVWDWXV
 :DWFKLQJSRLQW
 7KHDPRXQWRIVDYHGSURJUDPPH
 &XUUHQWO\SOD\LQJWLPHKKPP
 7KHWRWDOSOD\EDFNWLPHKKPP
1RWH:KHQWKHRSHUDWLRQVWDWXVLV3/$<,1*ŹRQWKH7LPHEDULI\RXWDNHQR
DFWLRQIRUDERXWVHFRQGVWKH7LPHEDUZLOOEHGLVDSSHDU
3URJUDPPH3OD\EDFN
$IBQUFS3FDPSEJOH
 %\WKHUHVHUYHGWLPHGXULQJSOD\EDFNWKHUHFRUGHGSURJUDPPHVWKH
SOD\EDFNLVVWRSSHGDXWRPDWLFDOO\DQGWKHUHFRUGLQJLVVWDUWHG
,I\RXGHOHWHWKHUHVHUYHGFKDQQHOE\HGLWLQJSURJUDPPHVE\PLVWDNH
ZKHQWKHUHVHUYHGWLPHFRPHV³6FKHGXOHGUHFRUGLQJIDLO´PHVVDJHZLOO
DSSHDU
3UHVVWKH%/8(EXWWRQWRPRYHWRWKH(3*79*XLGHVFUHHQ
no qr
p
(QJOLVK
3OD\EDFN&RQWURO
3OD\3DXVH
3UHVVWKH3/$<3$86( EXWWRQWRSDXVHWKHSOD\EDFN3UHVVWKHEXWWRQ
DJDLQWRUHVXPHSOD\EDFN7LPHEDUGLVDSSHDUVDIWHUVHFRQGV
6WRS
3UHVVWKH6723ŶEXWWRQWRVWRSSOD\EDFNDQGUHWXUQVWRWKHSUHYLRXVVFUHHQ
)DVW)RUZDUG
3UHVVWKH)$67)25:$5' EXWWRQWRTXLFNO\DGYDQFHDUHFRUGHG¿OH
(DFKWLPH\RXSUHVVWKH)$67)25:$5' EXWWRQWKHIRUZDUGVSHHG
LQFUHDVHVE\VWHSV[[[[
7LPHEDULVVKRZQGXULQJWKHIDVWIRUZDUGLQJ
2QFHLWUHDFKHVWKHHQGSRLQWRISOD\EDFNLWVWRSVSOD\LQJDQGUHWXUQVWKH
3OD\OLVW,I\RXSUHVVWKH3/$<3$86( EXWWRQGXULQJWKHIDVWIRUZDUGLQJ
WKHSURJUDPPHLVSOD\HGDWQRUPDOVSHHG
)DVW5HZLQG
3UHVVWKH)$675(:,1' EXWWRQWRUHZLQGVWKHSURJUDPPHIDVW
(DFKWLPH\RXSUHVVWKH)$675(:,1' EXWWRQWKHUHZLQGVSHHG
LQFUHDVHVE\VWHSV[[[[
7LPHEDULVVKRZQGXULQJWKHIDVWUHZLQGLQJ2QFHLWUHDFKHVWKHEHJLQQLQJSRLQW
RISOD\EDFNLWVWDUWVSOD\LQJ
,I\RXSUHVVWKH3/$<3$86( EXWWRQGXULQJWKHIDVWUHZLQGLQJWKH
SURJUDPPHLVSOD\HGDWQRUPDOVSHHG
6ORZ0RWLRQ
3UHVVWKH6ORZ0RWLRQ EXWWRQWRSOD\WKHFXUUHQWSURJUDPPHLQVORZ
PRWLRQ(DFKWLPH\RXSUHVVWKH6ORZ0RWLRQ EXWWRQWKHVORZVSHHG
GHFUHDVHVE\VWHSV[[[
7657LPHEDULVVKRZQGXULQJWKHVORZPRWLRQLQJ,I\RXSUHVVWKH3/$<
3$86( EXWWRQGXULQJWKHVORZPRWLRQLQJWKHSURJUDPPHLVSOD\HGDW
QRUPDOVSHHG
,QVWDQW5HSOD\
3UHVVWKH,QVWDQW5HSOD\ EXWWRQWRUHSOD\WKHFXUUHQWSURJUDPPHIURPWKH
VHFRQGVEHIRUH:KHQWKHUHSOD\KDVEHHQFRPSOHWHGWKHSURJUDPPHLV
QRUPDOO\SOD\HGIURPWKHSRLQW
&RPPHUFLDO6NLS
3UHVVWKH&RPPHUFLDO6NLS EXWWRQWRSOD\WKHSURJUDPPHIURPWKHWLPH
SRLQWVHFRQGVIRUZDUGIURPWKHFXUUHQWZDWFKLQJSRLQW
$IBQUFS3FDPSEJOH
(QJOLVK
5HSHDWEHWZHHQ$±%
3OD\VVSHFLDOVHFWLRQUHSHDWHGO\

3UHVVWKH$%5HSHDW$Ź%EXWWRQDWZDWFKLQJSRLQWZKHUH\RXZDQWWR
VWDUWUHSHDWLQJIURP

3UHVVWKH$%5HSHDW$Ź%EXWWRQDJDLQDWWKHHQGLQJSRLQWWRVWRS
UHSHDWLQJ6HOHFWHGZDWFKLQJSRLQWV$DQG%VWDUWUHSHDWLQJźPDUNV
DSSHDUDWWKHVWDUWLQJDQGHQGLQJSRLQWVRQWKH7LPHEDU

7RUHWXUQWRQRUPDOSOD\EDFNSUHVVWKH$%5HSHDW$Ź%EXWWRQRQFH
DJDLQ
8VLQJWKH%RRNPDUN)XQFWLRQ
<RXFDQVHWERRNPDUNVZKHUH\RXZDQWWRVDYHWKHVSHFL¿FVFHQHVRIUHFRUGHG
¿OHVIRUHDVLHUVHDUFK
$GGLQJ%RRNPDUNV
3UHVVWKH$GG%RRNPDUN EXWWRQDWWKHGHVLUHGVFHQHZKHUH\RXZDQWWR
DGGDERRNPDUN³6HW%RRNPDUN´PHVVDJHDSSHDUV
1RWH<RXFDQVDYHERRNPDUNVIRUWKHPD[LPXP,I\RXWU\WRVDYHPRUHWKDQ
VL[WHHQERRNPDUNV³1RPRUHERRNPDUNDYDLODEOH´PHVVDJHDSSHDUV
8VLQJ%RRNPDUN-XPS
3UHVVWKH%RRNPDUN-XPS EXWWRQ%RRNPDUNLFRQŸDSSHDUVRQWKH
7LPHEDUDQGSOD\EDFNLVVWDUWHGDWWKHVHOHFWHGERRNPDUNSRLQWDXWRPDWLFDOO\
(DFKWLPH\RXSUHVVWKH%RRNPDUN-XPS EXWWRQERRNPDUNLFRQLVVKLIWHG
WRHDFKERRNPDUN
'HOHWLQJ%RRNPDUNV
6HOHFWDERRNPDUN\RXZDQWWRGHOHWHE\SUHVVLQJWKH%RRNPDUN-XPS
 
EXWWRQUHSHDWHGO\DQGSUHVVWKH$GG%RRNPDUN EXWWRQZLWKLQVHFRQGV
7KHVHOHFWHGERRNPDUNLVUHPRYHG
$IWHUWKHSOD\EDFNHQGVERRNPDUNOLVWVDUHVDYHG
$IBQUFS3FDPSEJOH
4FU#PPLNBSL

(QJOLVK
<RXFDQFKHFNWKHIUHHVSDFHRIEXLOWLQKDUGGLVNDQGIRUPDWWKHGLVNLI
QHFHVVDU\

3UHVVWKH0(18EXWWRQ

6HOHFW5HFRUGLQJXVLQJWKHŸźEXWWRQDQGSUHVVWKH2.RUŹEXWWRQ

6HOHFW+''&RQWUROXVLQJWKHŸźEXWWRQDQGSUHVVWKH2.RUŹEXWWRQ

<RXFDQFKHFNWKHIUHHXVHGUHVHUYHGDQGWRWDOVSDFHRIWKH+''
,I\RXZDQWWRIRUPDWGLVN

3UHVVWKH2.EXWWRQWRUHPRYHDOOWKHUHFRUGHGSURJUDPPHVVDYHGRQWKH
EXLOWLQKDUGGLVNDQGLQLWLDOL]HWKHKDUGGLVN

(QWHU\RXUSDVVZRUGE\SUHVVLQJWKH180%(5aEXWWRQV

6HOHFW<HVIRUWKHIRUPDWFRQ¿UPPHVVDJHDQGSUHVVWKH2.EXWWRQWRVWDUW
IRUPDWWLQJWKHKDUGGLVN
1RWHV
3OHDVHQRWLFHWKDWDOOWKHUHFRUGHGSURJUDPPHVVDYHGRQWKHKDUGGLVNDUH
GHOHWHGGXULQJWKHKDUGGLVNIRUPDW'RQ¶WXQSOXJWKHSRZHUFRUGGXULQJWKH
KDUGGLVNIRUPDW,I\RXXQSOXJWKHSRZHUFRUG\RXVKRXOGUHVWDUWWRIRUPDW
KDUGGLVN
:KHQFRPSOHWLQJWKHKDUGGLVNIRUPDW\RXU79DXWRPDWLFDOO\LVUHERRWHGDQG
VZLWFKHGLQWRWKH'LJLWDO79LQSXWPRGH
&KHFNLQJ+DUG'LVN'ULYH
$IBQUFS3FDPSEJOH
3FDPSEJOH
41
4DIFEVMF
1MBZMJTU
3FDPSEJOH2VBMJUZ
)%%$POUSPM
X
4FMFDU
0,
.PWF 1SFWJPVT.FOV
#BDL
&YJU.FOV
&YJU
)%%$POUSPM
(#
(#
(#
(#
'SFF   
6TFE  
3FTFSWFE 
5PUBM  
X
'SFF



'PSNBU
1SFWJPVT.FOV
#BDL
&YJU.FOV
&YJU
0,
4FMFDU
(QJOLVK
<RXFDQYLHZWHOHWH[WLQIRUPDWLRQDWDQ\WLPHRQ\RXU79
0RVWRI79EURDGFDVWLQJVWDWLRQVSURYLGHWH[WLQIRUPDWLRQVHUYLFHVYLDWHOHWH[W
7KHLQGH[SDJHRIWKHWHOHWH[WVHUYLFHJLYHV\RXLQIRUPDWLRQRQKRZWRXVHWKH
VHUYLFH<RXFDQDOVRVHOHFWYDULRXVRSWLRQVWR¿W\RXUQHHGVXVLQJWKHEXWWRQV
RQ\RXUUHPRWHFRQWURO
1RWH7RSURSHUO\GLVSOD\WHOHWH[WLQIRUPDWLRQFKDQQHOUHFHSWLRQPXVWEHVWDEOH
2WKHUZLVHLQIRUPDWLRQPD\EHPLVVLQJRUVRPHSDJHVPD\QRWEHGLVSOD\HG
7(/(7(;7UHODWHGEXWWRQVDUHDVVKRZQEHORZ
7HOHWH[W2Q2II
$FWLYDWHVRUGHDFWLYDWHVWKHWHOHWH[WVHUYLFH
0L[
2YHUODSVWKHWHOHWH[WZLWKWKHEURDGFDVWLQJVFUHHQ
$GMXVWVWKHRSDFLW\WRWKHEDFNJURXQGLQ7HOHWH[WPRGH
,QGH[
'LVSOD\VWKHWHOHWH[WLQGH[SDJH
&DQFHO
'LVSOD\V79SURJUDPPHVZKHQVHDUFKLQJIRUWKHQHZWHOHWH[WSDJH
5HYHDO
6KRZVWKHKLGGHQLQIRUPDWLRQDQVZHUVWRTXL]JDPHVIRUH[DPSOH
3UHVVLWDJDLQWRUHWXUQWRQRUPDOGLVSOD\
0RGH
6HOHFWVWKHWHOHWH[WPRGH/,67)/2)
6L]H
'LVSOD\VWKHGRXEOHVL]HOHWWHUVIRUORZHUKDOIRIWKHVFUHHQSUHVVLWDJDLQWR
UHWXUQWRQRUPDOGLVSOD\
+ROG
+ROGVWKHGLVSOD\RQDJLYHQSDJHLIWKHVHOHFWHGSDJHLVOLQNHGZLWKVHYHUDO
VHFRQGDU\SDJHVWKDWDXWRPDWLFDOO\IROORZ7RUHVXPHSUHVVLWDJDLQ
7LPH
:KHQZDWFKLQJ79SURJUDPPHVSUHVVLWWRGLVSOD\WKHWLPHDWWKHWRSULJKWKDQG
FRUQHURIWKHVFUHHQ
1XPEHUa
3UHVVWRHQWHUWKHWKUHHGLJLWSDJHQXPEHUJLYHQLQWKHFRQWHQW
&RORXUHGEXWWRQV5HG*UHHQ<HOORZ%OXH
,IWKH)$67(;7V\VWHPLVXVHGE\DEURDGFDVWLQJFRPSDQ\WKHGLIIHUHQWWRSLFV
FRYHUHGRQDWHOHWH[WSDJHDUHFRORXUFRGHGDQGFDQEHVHOHFWHGE\SUHVVLQJ
WKHFRORXUHGEXWWRQV3UHVVRQHRIWKHPDFFRUGLQJWR\RXUQHHGV7KHSDJHLV
GLVSOD\HGZLWKRWKHUFRORXUHGLQIRUPDWLRQWKDWFDQEHVHOHFWHGLQWKHVDPHZD\
7RGLVSOD\WKHSUHYLRXVRUQH[WSDJHSUHVVWKHFRUUHVSRQGLQJFRORXUHGEXWWRQ
'LVSOD\LQJ7HOHWH[WLQIRUPDWLRQ
$IBQUFS5FMFUFYUJOGPSNBUJPO
1$


"VUP$POmHVSF
1PTJUJPO
$MPDL
1IBTF
X
1PTJUJPO
0,
1SFWJPVT.FOV
#BDL
&YJU.FOV
&YJU
.PWF
.BJO*OQVU
%JHJUBM57
"OBMPH57
"7
"7
"7$7#4
47JEFP
$PNQPOFOU
1$
)%.*
(QJOLVK
7KH3&PHQXVKRZVLQWKH3&LQSXWPRGHRQO\

3UHVVWKH79$9EXWWRQWRVZLWFKWR3&PRGH

6HOHFW3&XVLQJWKHŸźEXWWRQDQGSUHVVWKH2.EXWWRQ
$XWRPDWLFDOO\RSWLPL]HVWKHGLVSOD\7KLVLVUHFRPPHQGHGIRUWKH¿UVWWLPH
FRQQHFWLQJWRD3&

3UHVVWKH0(18EXWWRQ

6HOHFW3&XVLQJWKHŸźEXWWRQDQGSUHVVWKH2.RUŹEXWWRQ

6HOHFW$XWR&RQ¿JXUHXVLQJWKHŸźEXWWRQDQGSUHVVWKH2.RUŹ
EXWWRQ
$XWR&RQÀJXUH
$GMXVWVWKHGLVSOD\SRVLWLRQWR3&LILWGRHVQRW¿WWKH79VFUHHQ

6HOHFW3RVLWLRQXVLQJWKHŸźEXWWRQDQGSUHVVWKH2.RUŹEXWWRQ

$GMXVWWKHSRVLWLRQXVLQJWKHŸźŻŹEXWWRQVDQGSUHVVWKH2.EXWWRQ
3RVLWLRQ
$IBQUFS$POOFDUJOHB1$
4FMFDU
0,
.PWF 1SFWJPVT.FOV
#BDL
&YJU.FOV
&YJU
1$


"VUP$POmHVSF
1PTJUJPO
$MPDL
1IBTF
1$


"VUP$POmHVSF
1PTJUJPO
$MPDL
1IBTF
(QJOLVK
$GMXVWVWKHKRUL]RQWDOIHDWXUHRIVFUHHQE\LQFUHDVLQJRUGHFUHDVLQJWKHQXPEHU
RISL[HOV

6HOHFW&ORFNXVLQJWKHŸźEXWWRQDQGSUHVVWKH2.RUŹEXWWRQ

$GMXVWWKHRSWLPDOKRUL]RQWDOIHDWXUHXVLQJWKHŻŹEXWWRQDQGSUHVVWKH2.
EXWWRQ
&ORFN
6HWVWKHIRFXVRIVFUHHQ

6HOHFW3KDVHXVLQJWKHŸźEXWWRQDQGSUHVVWKH2.RUŹEXWWRQ

$GMXVWWKHRSWLPDOIRFXVXVLQJWKHŻŹEXWWRQ
1RWH,IQRLVHLVSUHVHQWFKDQJHWKH3&PRGHWRDQRWKHUUHVROXWLRQFKDQJH
WKHUHIUHVKUDWHWRDQRWKHUUDWHXQWLOWKHSLFWXUHLVFOHDU,IWKHUHIUHVKUDWHRIWKH
3&JUDSKLFFDUGFDQQRWEHFKDQJHGFKDQJHWKH3&JUDSKLFFDUGRUFRQVXOWWKH
PDQXIDFWXUHURIWKH3&JUDSKLFFDUG
3KDVH
$IBQUFS$POOFDUJOHB1$
.PWF 1SFWJPVT.FOV
#BDL
&YJU.FOV
&YJU
7BMVF6Q%PXO
.PWF 1SFWJPVT.FOV
#BDL
&YJU.FOV
&YJU
7BMVF6Q%PXO
(QJOLVK
$IBQUFS4PGUXBSF6QEBUF
27$2YHUWKH$LU
,QRUGHUWRPDLQWDLQSURSHUSHUIRUPDQFHRIWKH79LWLVHVVHQWLDOWRKDYHWKH
PRVWXSWRGDWHVRIWZDUH7KHODWHVWQHZVDQGUHOHDVHRIVRIWZDUHYHUVLRQV
PD\EHIRXQGDWWKH+80$;ZHEVLWH±KWWSZZZKXPD[GLJLWDOFRP,WLV
UHFRPPHQGHGWKDW\RXSHULRGLFDOO\FKHFNIRUWKHDYDLODELOLW\RIVRIWZDUHXSGDWH
27$DQDEEUHYLDWLRQRI2YHU±WKH$LUPHDQVWKDWWKHVRIWZDUHFDQEH
GRZQORDGHGWKURXJK\RXUDHULDO7KHPDQXIDFWXUHUUHVHUYHVWKHULJKWWRGHFLGH
ZKHQDQGZKHUHWRUHOHDVHVRIWZDUHE\WKLVSURFHVV7KHVRIWZDUHXSGDWHYLD
\RXUDHULDOZLOORQO\RFFXUXQGHUWKHIROORZLQJFLUFXPVWDQFHV

7KHHTXLSPHQWVKRXOGKDYHDSSURSULDWHORDGHUVRIWZDUH
&DXWLRQ3OHDVHQRWHWKDWLI\RXGRQ¶WKDYHQRUPDOORDGHUVRIWZDUHWKH
HTXLSPHQWPD\QRWEHXSGDWHGRUZRUNDIWHUVRIWZDUHXSGDWH

7KHPDQXIDFWXUHUGHFLGHVWRUHOHDVHVRIWZDUHGRZQORDGLQJYLDDGHVLJQDWHG
DHULDOV\VWHP

7KHHTXLSPHQWPXVWEHWXQHGSURSHUO\DFFRUGLQJWRWKHJXLGHOLQHVZLWKLQ
WKLVPDQXDO

8SGDWHVRIWZDUHZKHQWKHTXDOLW\RIUHFHLYLQJVLJQDOVWUHQJWKLVKLJK,IWKH
ZHDWKHULVQRWVRJRRGWKDWWKHTXDOLW\RIUHFHLYLQJVLJQDOVWUHQJWKLVQRW
UHFRPPHQGDEOHSHUIRUPWKHVRIWZDUHXSGDWHODWHU
&DXWLRQ
3OHDVHEHFDUHIXOWRNHHSWKHSRZHURQDQGWKHSRZHUFRUGSOXJJHGLQ
GXULQJVRIWZDUHXSGDWH,IWKHSRZHULVGLVFRQQHFWHGGXULQJVRIWZDUH
XSGDWHLWPD\FDXVHIDWDOGDPDJHWRWKH79
3OHDVHEHFDUHIXOQRWWRSXOORXWWKHVLJQDOOLQHFRD[LDO&DEOHGXULQJ
VRIWZDUHXSGDWH8SGDWHPD\EHLQWHUUXSWHGDQGWKH79PD\QRWZRUN
1RWHV
7KHRWKHUIXQFWLRQVRI79FDQQRWZRUNDWDOOGXULQJVRIWZDUHXSGDWH
,WPD\WDNHaPLQXWHVWRXSGDWHVRIWZDUH
6FKHGXOLQJRSHUDWLRQFDQQRWZRUNGXULQJVRIWZDUHXSGDWH
4FMFDU
0,
.PWF 1SFWJPVT.FOV
#BDL
&YJU.FOV
&YJU
4PGUXBSF6QEBUF
&OHMBOE$PVOUSZ
"VUPNBUJD6QEBUF
.BOVBM6QEBUF
X
4FMFDU
0,
.PWF 1SFWJPVT.FOV
#BDL
&YJU.FOV
&YJU
4PGUXBSF6QEBUF
&OHMBOE$PVOUSZ
"VUPNBUJD6QEBUF
.BOVBM6QEBUF
$VSSFOU7FSTJPO
/FX7FSTJPO
/FX4ZTUFN4PGUXBSFJTBWBJMBCMF
%PZPVXBOUUPVQHSBEFJUOPX
4PGUXBSF6QEBUF
:FT
/P
-15%3
-15%3
.PWF 1SFWJPVT.FOV
#BDL
&YJU.FOV
&YJU
4PGUXBSF6QEBUF
&OHMBOE$PVOUSZ
"VUPNBUJD6QEBUF
.BOVBM6QEBUF
WX
$IBOHF0QUJPO
$IBOOFM
&OHMBOE$PVOUSZ
"VUP1SPHSBNNF
.BOVBM1SPHSBNNF
&EJU1SPHSBNNFT
4PGUXBSF6QEBUF
X
4FMFDU
0,
.PWF 1SFWJPVT.FOV
#BDL
&YJU.FOV
&YJU
$VSSFOU7FSTJPO
/FX7FSTJPO
/FX4ZTUFN4PGUXBSFJTBWBJMBCMF
%PZPVXBOUUPVQHSBEFJUOPX
4PGUXBSF6QEBUF
:FT
/P
-15%3
-15%3
(QJOLVK
,IQHZVRIWZDUHLVIRXQGZKHQSRZHULQJRQ

$PHVVDJHZLOOEHGLVSOD\HGWRQRWLI\WKDWQHZVRIWZDUHLVIRXQG

6HOHFW<HVDQGSUHVVWKH2.EXWWRQWRXSGDWHWKHVRIWZDUH

6WDUWVGRZQORDGLQJQHZVRIWZDUH3OHDVHZDLWXQWLOWKHXSGDWHGLV
FRPSOHWHG

:KHQFRPSOHWLQJWKHVRIWZDUHXSGDWHWKHHTXLSPHQWLVDXWRPDWLFDOO\
SRZHUHGRIIDQGRQDJDLQ
,IXSGDWLQJVRIWZDUHIURP0HQX

3UHVVWKH0(18EXWWRQ

6HOHFW&KDQQHOXVLQJWKHŸźEXWWRQDQGSUHVVWKH2.RUŹEXWWRQ

6HOHFW6RIWZDUH8SGDWHXVLQJWKHŸźEXWWRQDQGSUHVVWKH2.RUŹ
EXWWRQ7KH3OHDVHHQWHUSDVVZRUGGLDORJER[LVGLVSOD\HG

6HOHFWWKHFRXQWU\ZKHUH\RXDUHQRZORFDWHGXVLQJWKHŻŹEXWWRQ
1RWH6RIWZDUH8SGDWHDSSHDUVRQO\LQ'LJLWDO79LQSXWPRGH
$XWRPDWLF8SGDWH
<RXFDQVHWWKH79WR¿QG+80$;VRIWZDUHXSGDWHVLWHDQGXSGDWHVRIWZDUH
DXWRPDWLFDOO\

6HOHFW$XWRPDWLF8SGDWHXVLQJWKHŸźEXWWRQDQGSUHVVWKH2.RUŹ
EXWWRQ$XWRPDWLFDOO\VHDUFKIRUQHZVRIWZDUH

:KHQGHWHFWLQJXSGDWHVRIWZDUHWKHIROORZLQJUHVXOWLVGLVSOD\HG,IQHZ
VRIWZDUHLVQRWIRXQGE\$XWRPDWLF8SGDWHXVH0DQXDO8SGDWH

6HOHFW<HVDQGSUHVVWKH2.EXWWRQWRVWDUWXSGDWLQJ6HOHFW1RDQGSUHVV
WKH2.EXWWRQWRUHWXUQWRWKHSUHYLRXVPHQXZLWKRXWXSGDWLQJ

3HUIRUPV6RIWZDUH8SGDWH3OHDVHZDLWXQWLOLWLVFRPSOHWHG

:KHQFRPSOHWLQJWKHVRIWZDUHXSGDWHWKH79LVDXWRPDWLFDOO\SRZHUHGRII
DQGRQDJDLQ
$IBQUFS4PGUXBSF6QEBUF
4FMFDU
0,
.PWF 1SFWJPVT.FOV
#BDL
&YJU.FOV
&YJU
4PGUXBSF6QEBUF
&OHMBOE$PVOUSZ
"VUPNBUJD6QEBUF
.BOVBM6QEBUF
X
4FMFDU
0,
.PWF 1SFWJPVT.FOV
#BDL
&YJU.FOV
&YJU
.BOVBM6QEBUF


$IBOOFM
'SFRVFODZ
4FBSDI
X
X
4FMFDU
0,
.PWF 1SFWJPVT.FOV
#BDL
&YJU.FOV
&YJU
.BOVBM6QEBUF
$IBOOFM
'SFRVFODZ
$VSSFOU7FSTJPO
/FX7FSTJPO
/FX4ZTUFN4PGUXBSFJTBWBJMBCMF
%PZPVXBOUUPVQHSBEFJUOPX
4PGUXBSF6QEBUF
:FT
/P
-15%3
-15%3
(QJOLVK
0DQXDO8SGDWH
<RXFDQSHUIRUP0DQXDO8SGDWHRQO\LI\RXNQRZ08;LQIRUPDWLRQRIVRIWZDUH
XSGDWHFRUUHFWO\

6HOHFW0DQXDO8SGDWHXVLQJWKHŸźEXWWRQDQGSUHVVWKH2.RUŹ
EXWWRQ

6HOHFWWKHFKDQQHOQXPEHUZKLFKSURYLGHVXSGDWHVRIWZDUHXVLQJWKHŻŹ
EXWWRQ
:KHQ\RXVHOHFWWKHFKDQQHOQXPEHUWKHIUHTXHQF\ZLOOEHFKDQJHG
DXWRPDWLFDOO\

6HOHFW6HDUFKDQGSUHVVWKH2.RUŹEXWWRQWRVHDUFKVRIWZDUH

,WLVGLVSOD\HGZKHWKHURUQRW1HZ6RIWZDUHH[LVW,IQHZVRIWZDUHGRHVQRW
H[LVWSUHVVWKH2.EXWWRQWRUHWXUQWRWKH0DQXDO8SGDWHPHQX

6HOHFW<HVDQGSUHVVWKH2.EXWWRQWRVWDUWXSGDWLQJ6HOHFW1RDQGSUHVV
WKH2.EXWWRQWRUHWXUQWRWKHSUHYLRXVPHQX

3HUIRUPV6RIWZDUH8SGDWH3OHDVHZDLWXQWLOLWLVFRPSOHWHG

:KHQFRPSOHWLQJWKHVRIWZDUHXSGDWHWKH79LVDXWRPDWLFDOO\SRZHUHGRII
DQGRQDJDLQ
$IBQUFS4PGUXBSF6QEBUF
<RXFDQFRQQHFW\RXU79WRWKH3&GLUHFWO\DQGXSGDWH\RXUVRIWZDUHE\
WUDQVIHUULQJWKHQHZVRIWZDUHIURPWKH3&)ROORZWKHVHVWHSVWRGRZQORDGQHZ
VRIWZDUHIURP3&WRWKLV79

'RZQORDGQHZVRIWZDUH¿OH+')¿OHVHTXLYDOHQWIRUWKLV79PRGHOIURPRXU
ZHEVLWHLQWR\RXUFRPSXWHUKWWSZZZKXPD[GLJLWDOFRP

'RZQORDGDQGLQVWDOOGRZQORDGWRRO¿OHIURPRXUZHEVLWHLQWR\RXUFRPSXWHU

&RQQHFW\RXU3&WRWKLV79ZLWK56&VHULDOFDEOHQRWVXSSOLHG

([HFXWHLQVWDOOHGGRZQORDGWRRODQGWKHQIROORZWKHLQVWUXFWLRQVFRQWDLQHG
WKHGRZQORDGWRRO

5HFRQQHFWWKHSRZHUFDEOHRIWKH79DQGSUHVVWKH67$1'%<EXWWRQWR
PDNHWKLV79RSHUDWLQJ
6:8SGDWHIURP3&
(QJOLVK
0HQX6WUXFWXUH
3LFWXUH 0RGH
%ULJKWQHVV
&RQWUDVW
6KDUSQHVV
&RORXU
1RLVH5HGXFWLRQ
)OHVKWRQH
'\QDPLF&RQWUDVW
&RORXU7HPS
%DFNOLJKW%ULJKWQHVV
6RXQG (IIHFW
%DODQFH
$XWR9ROXPH
7UX6XUURXQG;7
$XGLR3ULRULW\
'LJLWDO79PRGHRQO\
&KDQQHO &RXQWU\
$XWR3URJUDPPH
0DQXDO3URJUDPPH
(GLW3URJUDPPHV
6RIWZDUH8SGDWH
'LJLWDO79PRGHRQO\
3&
3&PRGHRQO\
$XWR&RQ¿JXUH
3RVLWLRQ
&ORFN
3KDVH
5HFRUGLQJ 6FKHGXOH
3OD\OLVW
5HFRUGLQJ4XDOLW\
+''&RQWURO
6FUHHQ 3,33%3
$VSHFW5DWLR
6\VWHP /DQJXDJH
7LPH6HWWLQJ
3DUHQWDO&RQWUROV
'LJLWDO79PRGHRQO\
&,
'LJLWDO79PRGHRQO\
'HIDXOW6HWWLQJ
.FOV4USVDUVSF
(QJOLVK
7URXEOHVKRRWLQJ
%HIRUHFRQWDFWLQJ\RXUORFDOVHUYLFHGHDOHUSOHDVHPDNHVXUH\RXUHIHUWRWKHIROORZLQJJXLGH,IWKH79
GRHVQRWZRUNQRUPDOO\DIWHUFRPSOHWLQJWKHIROORZLQJWURXEOHVKRRWLQJSOHDVHFRQWDFW\RXUORFDO79
GLVWULEXWRURUVHUYLFHFHQWUH
1RPHVVDJHLVGLVSOD\HGRQWKHIURQWSDQHORUWKH79KDVQRSRZHU
 &KHFNWKHPDLQSRZHUFDEOHDQGPDNHVXUHLWLVSOXJJHGLQWRDVXLWDEOHSRZHURXWOHW
 &KHFNWKDWWKHPDLQVVXSSO\LVVZLWFKHGRQ
 &KHFNWKDWWKHSRZHUVZLWFKLVRQDWWKHVLGHRIWKH79ZKHUHDSSOLFDEOH
1RSLFWXUH
 0DNHVXUHWKDWWKH79LVSRZHURQDQGLQRSHUDWLRQPRGHSUHVV67$1'%<EXWWRQ
 0DNHVXUHWKDWWKH$9FDEOHLV¿UPO\FRQQHFWHGWRWKH79<RXPD\QHHGWRUHPRYHWKHFDEOH
IURPERWKHQGVDQGUHFRQQHFW
 0DNHVXUHWKDWWKHDQWHQQDOLQHLVSURSHUO\FRQQHFWHGWRWKH79
 0DNHVXUHWKDWWKH$QWHQQD6HWWLQJLQWKHPHQXLVFRUUHFW
 &KHFNWKHEULJKWQHVVOHYHORIWKH79
 &KHFNLIWKHFKDQQHOLVFXUUHQWO\RQDLU&RQWDFWWKHEURDGFDVWHUWRHQVXUHWKDWWKHFKDQQHOLV
UXQQLQJ
3RRUSLFWXUHVRXQGTXDOLW\
 ,QVWDOOWKHDQWHQQDLQDQREVWDFOHIUHHSODFH
 0DNHVXUHWKHUHLVQRPRELOHSKRQHRUPLFURZDYHRYHQQHDUWKH79
 8VHFRD[LDOFDEOHZKHQFRQQHFWLQJ79DQGDQWHQQD
 ,Q3,33%3323PRGHLIWKHLYLGHRLQSXWVLJQDOLVGLVSOD\HGRQWKHVXEVFUHHQWKURXJK
WKH&RPSRQHQWRU+'0,MDFNWKHVFUHHQÀLFNHUPD\RFFXU
1RRUSRRUVRXQG
 &KHFNWKDW\RXU$9FDEOHLVFRQQHFWHGFRUUHFWO\
 &KHFNWKHYROXPHOHYHOVRI\RXU79
 &KHFNLIWKH79LVRQPXWH
 &KHFNDXGLRW\SHRUVRXQGWUDFNRSWLRQLQWKH$9PHQX
5HPRWH&RQWUROGRHVQRWRSHUDWH
 7RFRQWUROWKH79WKHWRSHQGRIWKHUHPRWHFRQWUROVKRXOGSRLQWGLUHFWO\WRZDUGVWKHUHFHLYLQJ
SDUWRIWKH79
 5HPRYHDQGUHLQVHUWWKHEDWWHULHVLQWKHUHPRWHFRQWURO
 5HSODFHWKHEDWWHULHVLQWKHUHPRWHFRQWUROIRUDQHZVHW
&DQQRWPDNHUHVHUYDWLRQV
 &KHFNWKDWQRSUHYLRXVUHVHUYDWLRQVDUHFRQÀLFWLQJZLWKWKHQHZUHVHUYDWLRQ
 &KHFNWKDWWKH79LVLQRSHUDWLRQPRGHRULQVWDQGE\PRGHDWWKHWLPHRIWKHUHVHUYDWLRQ,I
WKHSRZHUVZLWFKRUSRZHURXWOHWLVRIIWKH79ZLOOQRWEHDEOHWRVZLWFKRQDWWKHWLPHRIWKH
UHVHUYDWLRQ
&DQQRWZDWFKVFUDPEOHGFKDQQHO
 &KHFNWKDW\RXKDYHWKHDSSURSULDWH6PDUWFDUGRU&$05HLQVHUWWKH6PDUWFDUGRU&$0DQG
PDNHVXUHLWLQLWLDOL]HVFRUUHFWO\
 &KHFNLQWKHPHQXWKDWWKH79LVGHWHFWLQJWKH6PDUWFDUGRU&$0
 &KHFNLQWKHPHQXWKDW\RXKDYHDYDOLGDQGZRUNLQJVXEVFULSWLRQWRWKHFKDQQHOV\RXZLVKWR
YLHZ
 (QVXUHWKDWWKH6PDUWFDUGRU&$0LVQRWGDPDJHG
5SPVCMFTIPPUJOH
(QJOLVK
(UURU0HVVDJH
(UURUPHVVDJH 3RVVLEOHFDXVHV :KDWWRGR
1RRUEDGVLJQDO  7KHDHULDOLVQRWSRLQWLQJ
SURSHUO\
 7KH$9GHYLFHLVQRWFRQQHFWHG
SURSHUO\
 $GMXVWDHULDO
 &KHFNWKHFDEOHIURPWKHDHULDO,I
\RXFDQQRWUHVROYHWKHSUREOHP\RX
PD\QHHGWRKDYH\RXUDHULDODQG
LQVWDOODWLRQWHVWHGE\DSURIHVVLRQDO
 6HWWKH$9GHYLFHFRUUHFWO\
 &KHFNWKHFDEOHIURPWKH$9GHYLFH
6FUDPEOHGRUQRWDYDLODEOH  7KHFKDQQHOKDVVLJQDOEXWQR
DXGLRRUYLGHR
 &,PRGXOHLVQRWSOXJJHGLQ
 &,PRGXOHLVQRWSOXJJHGLQ
SURSHUO\
 :URQJ&,PRGXOHLVLQXVH
 &RQ¿UPLIWKHFKDQQHOLVFXUUHQWO\
RQDLU
 7KHFKDQQHOLVQRWGHOHWHGE\
EURDGFDVWLQJFRPSDQ\7KHFKDQQHO
LVIRUGDWDEURDGFDVWLQJ&DQQRW
ZDWFKWKHFKDQQHOLQXVXDOZD\
 ,QVHUW&,PRGXOH
 5HLQVHUW&,PRGXOHHQVXUHWKDWLWLV
LQVHUWHGLQWKHFRUUHFWZD\
 ,QVHUWWKHDSSURSULDWH&,PRGXOHIRU
WKHFKDQQHOV\RXZLVKWRYLHZ
 &RQWDFW\RXU&,PRGXOHUHWDLOHU
RUFKDQQHOEURDGFDVWHUIRUD&,
PRGXOHUHSODFHPHQW
&,LVQRWLQLWLDOL]HG  &,PRGXOHLVQRWSOXJJHGLQ
 &,PRGXOHLVQRWSOXJJHGLQ
SURSHUO\
 :URQJ&,PRGXOHLVLQXVH
 ,QVHUW&,PRGXOH
 5HLQVHUW&,PRGXOHHQVXUHWKDWLWLV
LQVHUWHGLQWKHFRUUHFWZD\
 ,QVHUWWKHDSSURSULDWH&,PRGXOHIRU
WKHFKDQQHOV\RXZLVKWRYLHZ
 &RQWDFW\RXU&,PRGXOHUHWDLOHU
RUFKDQQHOEURDGFDVWHUIRUD&,
PRGXOHUHSODFHPHQW
+DUGGLVNLVXQPRXQWHG  +DUGGLVNGULYHLVQRW
UHFRJQL]HGE\UHDVRQWKDWWKH
KDUGGLVNGULYHFRQQHFWRULV
ORRVHRUWKHKDUGGLVNLVQRW
VHDWHGFRUUHFWO\
 &RQWDFW\RXUORFDO&XVWRPHU
6XSSRUWIRUUHSDLU
+DUG'LVN'ULYH(UURU  +DUGGLVNGULYHLVGDPDJHG  &RQWDFW\RXUORFDO&XVWRPHU
6XSSRUWIRUUHSDLU
1RWHQRXJKIUHHGLVNVSDFH  )UHHGLVNVSDFHLVRQO\*%  ,QFUHDVHWKHIUHHGLVNVSDFHE\
GHOHWLQJXQQHFHVVDU\SURJUDPPHV
LQ3OD\OLVWRUPRYLQJWKHPWRDQ
DOWHUQDWLYHVWRUDJH
2XWRIGLVNVSDFH  1RIUHHGLVNVSDFH  ,QFUHDVHWKHIUHHGLVNVSDFHE\
GHOHWLQJXQQHFHVVDU\SURJUDPPHV
LQ3OD\OLVW
6FKHGXOHUHFRUGLQJIDLO  7KHUHVHUYHGFKDQQHOLV
GHOHWHG
5SPVCMFTIPPUJOH
(QJOLVK
,WHP 6SHFL¿FDWLRQ
/&'3DQHO
7\SH &RORXUDFWLYHPDWUL[7)7/&'
'LVSOD\$UHD ´
0D[5HVROXWLRQ [SL[HOV
9LHZLQJ$QJOH 5/8'&5
3&0RQLWRU
6\QF 6HSDUDWH
+RUL]RQWDO)UHTXHQF\ aN+]
9HUWLFDO)UHTXHQF\ aN+]
0D[5HVROXWLRQ [SL[HOV#+]
,QSXW2XWSXW
9LGHR,QSXW $QDORJ7XQHU'LJLWDO7XQHU6&$575&$5*%6
9LGHR&RPSRQHQW+'0,
$XGLR,QSXW 3&$XGLR&RPSRQHQW5/5&$5/
$XGLR2XWSXW 63',)6SHDNHU+HDGSKRQH
'DWD,QWHUIDFH 56&IRU6:XSGDWH
796LJQDO
$QDORJXH 'LJLWDO
$UHD (8 (80+(*
$QWHQQD,QSXW ,(&)HPDOH ,(&)HPDOH
7XQLQJ6\VWHP )6 2)'0'9%7
&RORXU6\VWHP 3$/%*'.,
6(&$0%*'./ %*,'.
6RXQG6\VWHP $0)01LFDP 03(*/D\HU
9+)/RZ a0+]
a0+]9+)+LJK a0+]
8+) a0+]
7HOHWH[W <HV <HV
5HJXODWLRQ 6DIHW\ &(
(0, &(
2WKHUV
3RZHU :0D[
6SHDNHU2XWSXW :[($
3OXJ3OD\/HYHO ''&%
:HLJKW 1(7NJ*URVVNJ
3RZHU6XSSO\ $&9a9+]
+'' *%
4QFDJmDBUJPO
6SHFLÀFDWLRQ
(QJOLVK
4FSWJDFBOE4VQQPSU
6HUYLFHDQG6XSSRUW
<RXFDQJHWLQIRUPDWLRQVXFKDVDWURXEOHVKRRWLQJJXLGHVRIWZDUHXSJUDGHVDQGSURGXFWVXSSRUWJXLGH
IURPWKHIROORZLQJZHEVLWHVDQGFDOOFHQWHU+RWOLQH3OHDVHWU\WRFRQWDFWWR\RXUORFDOGHDOHUV¿UVW
ZKHQIDFLQJDSUREOHP
:HEVLWHDQGHPDLO
+RPHSDJH
KWWSZZZKXPD[GLJLWDOFRP    (QJOLVK
KWWSZZZKXPD[GLJLWDOFRP'HXWVFK   'HXWVFK
KWWSZZZKXPD[DUDELDFRP   $UDELF
+&6$+XPD[&XVWRPHU6HUYLFH$UHD
6RIWZDUH'RZQORDG,QIRUPDWLRQDQG7HFKQLFDO4$
KWWSZZZKXPD[GLJLWDOFRPKFVD   (QJOLVK
KWWSZZZKXPD[GLJLWDOFRP'HXWVFKKFVD  'HXWVFK
(PDLO7HFKQLFDO4$
WHFKLQIR#KXPD[GLJLWDOFRXN   (XURSH1RUWK$IULFD
WHFKLQIR#KXPD[GLJLWDOGH    *HUPDQ\
FDOOFHQWHU0(#KXPD[GLJLWDOFRP   0LGGOH(DVW
:HEPDVWHU#KXPD[GLJLWDOFRP   $VLD2WKHUDUHD
(QJOLVK
&DOO&HQWHU
+XPD[&XVWRPHU+HOSOLQH8.
7HO
(PDLOXNVXSSRUW#KXPD[GLJLWDOFRXN
2SHQ/RFDO7LPHLQ8.*07±0RQGD\)ULGD\
6XSSRUW/DQJXDJH(QJOLVK
+XPD[0LGGOH(DVW&DOO&HQWHU'XEDL8$(
7HO2SHQFORVHRQ)ULGD\
(PDLOFDOOFHQWHU0(#KXPD[GLJLWDOFRP
2SHQ/RFDO7LPHLQ'XEDL*076DWXUGD\7KXUVGD\FORVHRQ)ULGD\
6XSSRUW/DQJXDJH(QJOLVK$UDELF
+XPD[+RWOLQH*HUPDQ\
*HUPDQ\¼0LQ
2WKHU&RXQWULHV¼0LQ,QWHUQDWLRQDO&DOO&KDUJH
(PDLOVXSSRUW#KXPD[GLJLWDOGH
2SHQ/RFDO7LPHLQ*HUPDQ\*070RQGD\6XQGD\
6XSSRUW/DQJXDJH'HXWVFK(QJOLVK
+XPD[%7&,+RWOLQH3UHPLHUH0RGHO
*HUPDQ\¼0LQ
$XVWULD¼0LQ
+80$;+RWOLQH,WDO\
7HO
(PDLOLQIR#PHGLDVDWFRP
2SHQ/RFDO7LPHLQ,WDO\*07a0RQGD\)ULGD\
6XSSRUW/DQJXDJH,WDOLDQ
+80$;+RWOLQH$XVWULD
7HO¼PLQ
+80$;+RWOLQH6ZHGHQ
7HO
2SHQa0RQGD\)ULGD\
6XSSRUW/DQJXDJH6ZHGLVK(QJOLVK
+80$;+RWOLQH)LQODQG
7HO
2SHQa0RQGD\)ULGD\
6XSSRUW/DQJXDJH)LQQLVK(QJOLVK
)RUKDUGZDUHUHSDLUSOHDVHUHIHUWRZHEVLWH+RPHSDJHRU+&6$
4FSWJDFBOE4VQQPSU
HLP32TDR1_200GB
P/N: 20010-1470
http://www.humaxdigital.com

Navigation menu