Mitsubishi Electric Sanda Works NR21263AF39508 Navigation System User Manual Manual 1

Mitsubishi Electric Corporation Sanda Works Navigation System Manual 1

Contents

Manual 1

&20$1'$362SHUDWLQJ,QVWUXFWLRQV&20$1'B$.%HQ*%GLQVFKP 9HUVLRQ76HLWHPlease see page 14 of 44(labeled 12) for FCC and IC manual statements.
6\PEROV 2SWLRQDOHTXLSPHQWRSWLRQDO':DUQLQJ((QYLURQPHQWDOQRWH3RVVLEOHYHKLFOHGDPDJH.7LS,QVWUXFWLRQ &RQWLQXDWLRQV\PEROSDJH 3DJHUHIHUHQFH&KURNC[ 0HVVDJHLQWKHPXOWLIXQFWLRQGLVSOD\&20$1'B$.%HQ*%GLQVFKP 9HUVLRQ76HLWH
7KDQN\RXIRUFKRRVLQJWKH0HUFHGHV%HQ]&20$1'FRQWUROSDQHO)LUVWRIDOOIDPLOLDULVH\RXUVHOIZLWK\RXU&20$1'FRQWUROSDQHODQGUHDGWKHVH2SHUDWLQJ,QVWUXFWLRQV7KLVZLOOKHOS\RXWRREWDLQWKHPD[LPXPSOHDVXUHIURP\RXU&20$1'FRQWUROSDQHODQGWRDYRLGHQGDQJHULQJ\RXUVHOIDQGRWKHUV'HSHQGLQJRQPRGHODQGHTXLSPHQWOHYHOWKHIXQFWLRQVDQGHTXLSPHQWRI\RXU&20$1'FRQWUROSDQHOPD\GHYLDWHIURPFHUWDLQGHVFULSWLRQVDQGLOOXVWUDWLRQV,WHPVRIRSWLRQDOHTXLSPHQWDUHPDUNHGZLWKDQDVWHULVN0HUFHGHV%HQ]LVFRQVWDQWO\XSGDWLQJLWVV\VWHPVWRWKHVWDWHRIWKHDUWDQGWKHUHIRUHUHVHUYHVWKHULJKWWRLQWURGXFHFKDQJHVLQGHVLJQHTXLSPHQWDQGWHFKQLFDOIHDWXUHVDWDQ\WLPH<RXFDQQRWWKHUHIRUHEDVHDQ\FODLPVRQWKHGDWDLOOXVWUDWLRQVRUGHVFULSWLRQVLQWKHVH2SHUDWLQJ,QVWUXFWLRQV3OHDVHFRQVXOWD0HUFHGHV%HQ]6HUYLFH&HQWUHLI\RXKDYHDQ\TXHVWLRQV7KHVH2SHUDWLQJ,QVWUXFWLRQVDUHFRQVLGHUHGSDUWRIWKHYHKLFOH<RXVKRXOGDOZD\VNHHSWKHPLQWKHYHKLFOHDQGSDVVWKHPRQWRWKHQHZRZQHULI\RXVHOOWKHYHKLFOH7KHWHFKQLFDOGRFXPHQWDWLRQWHDPDW'DLPOHU$*ZLVKHV\RXVDIHDQGSOHDVDQWPRWRULQJ&20$1'B$.%HQ*%GLQVFKP 9HUVLRQ76HLWH
&20$1'B$.%HQ*%GLQVFKP 9HUVLRQ76HLWH
,QGH[ ,QWURGXFWLRQ $WDJODQFH 6\VWHPVHWWLQJV 1DYLJDWLRQV\VWHP 7HOHSKRQH $XGLR 9LGHR 5HDU(QWHUWDLQPHQW6\VWHP &RQWHQWV &20$1'B$.%HQ*%GLQVFKP 9HUVLRQ76HLWH
$$FWLYHSDUWLWLRQ86%GHYLFHVRQO\6HOHFWLQJ $GGUHVVERRN&DOOLQJXS &KDQJLQJDQHQWU\ &RQQHFWLQJDFDOO &UHDWLQJDQHQWU\ 'HOHWLQJDQHQWU\ 'HWDLOVDERXWDQHQWU\ ,PSRUWLQJFRQWDFWV 0HQXRYHUYLHZ 6HDUFKLQJIRUDQHQWU\ 6HOHFWLQJDQHQWU\ 6WDUWLQJURXWHJXLGDQFH 9RLFHWDJ $GGUHVVLQSXWPHQX&DOOLQJXS $OWHUQDWLYHURXWH $UHD$YRLGLQJ $XGLR$8;MDFN $XGLR&'DXGLR'9'DQG03PRGH6ZLWFKLQJWR $XGLR'9'6WRSIXQFWLRQ $XGLRIRUPDW6HWWLQJDXGLR'9'PRGH 6HWWLQJYLGHR'9'PRGH $XGLRPHQX $XWRVWRUH $8;MDFNV$8;GLVSOD\ $8;GULYH $8;PRGH$8;GLVSOD\ $8;GULYH 2SHUDWLRQZLWKDQDFWLYH&20$1'VRXUFH 6HWWLQJWKHEULJKWQHVVFRQWUDVWFRORXU 6ZLWFKLQJSLFWXUHIRUPDW 6ZLWFKLQJWR %%DFNEXWWRQ %LUGVH\HYLHZ %OXHWRRWK&RQYHQLHQFHWHOHSKRQ\6ZLWFKLQJEHWZHHQ %OXHWRRWK$FWLYDWLQJGHDFWLYDWLQJ *HQHUDOLQIRUPDWLRQ 6HWWLQJV %OXHWRRWKLQWHUIDFH7HOHSKRQ\ &&DOO$FFHSWLQJRUUHMHFWLQJ (QGLQJ &DOOOLVWV 'LVSOD\LQJGHWDLOV 6WRULQJDQHQWU\ZKLFKKDVQRW\HWEHHQVWRUHG &'&RS\SURWHFWLRQ 'LVF *HQHUDOLQIRUPDWLRQ 0XOWLVHVVLRQ 3OD\EDFNRSWLRQV 6HOHFWLQJDPHGLXP 6HOHFWLQJDWUDFN &''9'(MHFWLQJ /RDGLQJ &''9'GULYH &HQWUH(QWHULQJ &KDQJLQJGLUHFWLRQ$QQRXQFHPHQWSKDVH &KDQJHRIGLUHFWLRQSKDVH 3UHSDUDWLRQSKDVH &KDUDFWHUHQWU\ &20$1'%DVLFIXQFWLRQV &RPSRQHQWV 6ZLWFKLQJRQRII &20$1'FRQWUROOHU &20$1'FRQWUROSDQHO ,QGH[&20$1'B$.%HQ*%GLQVFKP 9HUVLRQ76HLWH
&20$1'GLVSOD\ $GMXVWLQJ &OHDQLQJLQVWUXFWLRQV 6ZLWFKLQJRQRII &20$1'RSHUDWLQJV\VWHP &RQWUROPHQX6KRZLQJKLGLQJ &RQYHQLHQFHWHOHSKRQ\ &RS\SURWHFWLRQ&''9' &RUGOHVVKHDGSKRQHV &RXQWU\6HOHFWLQJ &URVVKDLU+LGLQJ &URVVKDLUSRVLWLRQ6DYLQJ ''$%6XESURJUDPPH 'DWDFDUULHU$XGLR'9' 0XVLF5HJLVWHU 3&0&,$PHPRU\FDUG 9LGHR'9' 'DWHIRUPDW6HWWLQJ 'HOHWHEXWWRQ 'HOHWLQJ&DOOOLVWV 'HVWLQDWLRQHQWU\ $GGUHVV 'HVWLQDWLRQPHPRU\ ,QWHUPHGLDWHVWRS 3UHYLRXVGHVWLQDWLRQV 6SHFLDOGHVWLQDWLRQ 'HVWLQDWLRQLQIRUPDWLRQ 'HVWLQDWLRQLQSXW0DS 'HVWLQDWLRQPHPRU\ 'HOHWLQJDQHQWU\ 0\DGGUHVV 6WRULQJDGHVWLQDWLRQ 'LJLWDO79FKDQQHOV3URJUDPPHSUHYLHZ 'LVF&''9' (MHFWLQJ /RDGLQJ 03 '70)WRQHV6HQGLQJ '9'&RS\SURWHFWLRQ 'LVF 6HOHFWLQJDWUDFN '9'PHQX '9'SOD\EDFNFRQGLWLRQV '\QDPLFURXWHJXLGDQFH ((PHUJHQF\FDOORU (QVHPEOH ([DPSOHRIRSHUDWLRQ ))DVWIRUZDUG&''9'PRGH )DVWIRUZDUGUHZLQG )LOPWUDFN6HOHFWLQJ )UHTXHQF\HQWU\0DQXDO )XQFWLRQUHVWULFWLRQ9LGHR'9'PRGH )XQFWLRQUHVWULFWLRQV8VLQJWKHWHOHSKRQH **UDFHQRWH0HGLD'DWDEDVH ++DQGVIUHHPLFURSKRQH6ZLWFKLQJRQRII +HDGSKRQHV&KDQJLQJEDWWHULHV +RXVHQXPEHU(QWHULQJ ,QGH[ &20$1'B$.%HQ*%GLQVFKP 9HUVLRQ76HLWH
,,QSXWUHVWULFWLRQ1DYLJDWLRQ ,QWHUDFWLYHFRQWHQW ,QWHUPHGLDWHVWRS'HOHWLQJ ,QWHUPHGLDWHWRS(QWHULQJ //DQHUHFRPPHQGDWLRQV ([SODQDWLRQ 3UHVHQWDWLRQ /LQJXDWURQLF,QGLYLGXDOLVDWLRQ 6HWWLQJV /2*,& 00DS$GMXVWLQJWKHPDSVFDOH $UULYDOWLPHGLVWDQFHWRGHVWLQDWLRQ &DOOLQJXS &HQWULQJRQYHKLFOHRUGHVWLQDWLRQSRVLWLRQ 0RYLQJ 5'670&GLVSOD\V 6KRZLQJJHRFRRUGLQDWHV 6KRZLQJURDGV 7H[WLQIRUPDWLRQ 7RSRJUDSKLFPDS 0DSRULHQWDWLRQ 6HWWLQJ 0HGLD,QWHUIDFH$FWLYHSDUWLWLRQ %DVLFPHQX &RQQHFWLRQRSWLRQV L3RG 0HWDGDWD 0RGH 03SOD\HU 6HOHFWLQJFDWHJRU\ 6HOHFWLQJIROGHU 6HOHFWLQJPXVLFILOHV 6HOHFWLQJSOD\OLVW 6ZLWFKLQJWR 86%PDVVVWRUDJHGHYLFH 0HGLDOLVW 0HQXLWHP6HOHFWLQJ 0HQXRYHUYLHZ$GGUHVVERRN &''9'DXGLRDQG03PRGH &RQYHQLHQFHWHOHSKRQ\ '$%UDGLRPRGH 0XVLF5HJLVWHU 1DYLJDWLRQ 5DGLRPRGH 7HOHSKRQ\ZLWK%OXHWRRWKLQWHUIDFH 79 9LGHR'9' 0HQXV\VWHP6KRZLQJKLGLQJ 0HUFHGHV%HQ]&RQWDFW 0RELOHSKRQH$XWKRULVDWLRQ &RQQHFWLQJ%OXHWRRWKLQWHUIDFH &RQQHFWLQJ&RQYHQLHQFHWHOHSKRQ\ 'HDXWKRULVDWLRQ ([WHUQDODXWKRULVDWLRQ 0RWRUZD\LQIRUPDWLRQ 03%LWVDPSOLQJUDWHV &RS\ULJKW 'LVF )LOHV\VWHPV )RUPDWV 6HOHFWLQJDPHGLXP 03PRGH6HOHFWLQJDIROGHU 0XOWLIXQFWLRQVWHHULQJZKHHO 0XOWLVHVVLRQ&'V 0XVLF5HJLVWHU&RS\LQJPXVLFGDWD 'HOHWLQJDOOPXVLFILOHV 3OD\EDFNRSWLRQV 0\DGGUHVV ,QGH[&20$1'B$.%HQ*%GLQVFKP 9HUVLRQ76HLWH
11DYLJDWLRQ%DVLFVHWWLQJV 1DYLJDWLRQDQQRXQFHPHQWV6ZLWFKLQJRII 6ZLWFKLQJRQ 1RUWKXSRULHQWDWLRQ 22IIPDS 2IIURDG 2ULHQWDWLRQLQGLUHFWLRQRIWUDYHO 33DXVHIXQFWLRQ 3&0&,$PHPRU\FDUG(MHFWLQJ /RDGLQJ 3KRQHERRN&DOOLQJXS &UHDWLQJDQHZHQWU\ 'HOHWLQJDQHQWU\ 3KRQHERRNHQWU\$GGLQJDSKRQHQXPEHU 3LFWXUHVHWWLQJ79PRGH 3,1(QWHULQJ 3OD\EDFNRSWLRQV 3UHYLRXVGHVWLQDWLRQV 55DGLR'DWD6\VWHP5'6 5DGLRPRGH5DGLR'DWD6\VWHP 6ZLWFKLQJWR 5'6,QWHUUXSWLQJDQDQQRXQFHPHQW 6ZLWFKLQJRQRII 5'670&6HOHFWLQJPHVVDJHV 5HDGDORXGIXQFWLRQ $XWRPDWLF 5HDGDORXGVSHHG6HWWLQJ 5HDUFRPSDUWPHQWVFUHHQV 5HDUVHDWHQWHUWDLQPHQWV\VWHP$XGLR&''9'DQG03PRGH &RPSRQHQWV 6HYHUDOXVHUV 6\VWHPVHWWLQJV 79PRGH 8VLQJKHDGSKRQHV 8VLQJWKHPDLQORXGVSHDNHU 5HGLDOV 5HPRWHFRQWURO &KDQJLQJEDWWHULHV 5HVHW 5HYHUVLQJFDPHUD 5HZLQGLQJ&''9'PRGH 5RDG(QWHULQJ 5RXWHEURZVHU 5RXWHFDOFXODWLRQ 5RXWHJXLGDQFH &DQFHO &RQWLQXH 'HVWLQDWLRQUHDFKHG /DQHUHFRPPHQGDWLRQV 2IIURDG 5RXWHPRGH$GMXVWLQJ 5RXWHRSWLRQV6HWWLQJ 5RXWHW\SH6HWWLQJ 66DIHW\QRWHV$XGLR&''9'DQG03PRGH 1DYLJDWLRQ 2SHUDWLQJVDIHW\ 8VLQJWKHWHOHSKRQH 9LGHR'9'PRGH 6FHQHFKDSWHU6HOHFWLQJ 6HOHFWLQJDVSHFLDOGHVWLQDWLRQXVLQJWKHPDS 6HOHFWLQJDWUDFN 6RXQG6ZLWFKLQJRQRURII ,QGH[ &20$1'B$.%HQ*%GLQVFKP 9HUVLRQ76HLWH
6RXQGVHWWLQJV 6SHFLDOGHVWLQDWLRQ&DWHJRU\ (QWU\ 6SHFLDOGHVWLQDWLRQLFRQV6HWWLQJ 6SHFLDOGHVWLQDWLRQOLVW 6WDWLRQOLVW 6WDWLRQSUHVHWV 6WDWLRQV6DYLQJ 7XQLQJLQ 6WDWLRQVHDUFK 6WRSIXQFWLRQ 6XESURJUDPPHV'$% 6XEWLWOHVDQGFDPHUDDQJOH 6XPPHUDQGVWDQGDUGWLPH6ZLWFKLQJ 6XUURXQGVRXQG 6\VWHPODQJXDJH6HWWLQJ 77HOHSKRQH$FFHSWLQJHQGLQJFDOO $FFHSWLQJRUUHMHFWLQJDZDLWLQJFDOO (QGLQJDQDFWLYHFDOO (QWHULQJSKRQHQXPEHUV ,QFRPLQJFDOO 2XWJRLQJFDOO 5HFHSWLRQDQGWUDQVPLVVLRQYROXPH 6HQGLQJ'70)WRQHV 6LQJOHFDOO 6ZLWFKLQJKDQGVIUHHPLFURSKRQHRQRII 7UDQVIHUULQJDFDOO&RQYHQLHQFHWHOHSKRQH 7HOHSKRQHEDVLFPHQX%OXHWRRWKLQWHUIDFH &RQYHQLHQFHWHOHSKRQ\ 7HOHSKRQHPRGH5HGLDOOLQJ 7HOHSKRQHQXPEHU(QWHULQJ 7HOHWH[W 7H[WPHVVDJH606&RQYHQLHQFHWHOHSKRQH&DOOLQJWKHVHQGHU 'HOHWLQJ ,QFRPLQJ 5HDGDORXGIXQFWLRQ 5HDGLQJ 6WRULQJWKHVHQGHULQWKHDGGUHVVERRN 7LPH6HWWLQJ 7LPHIRUPDW6HWWLQJ 7LPH]RQH6HWWLQJ 7RQHVHWWLQJV%DODQFHDQGIDGHU 7UHEOHDQGEDVV 7RZQ(QWHULQJ 7UDFNLQIRUPDWLRQ 7UDIILFDQQRXQFHPHQWVRQ 7UDIILFMDPIXQFWLRQ 7UDIILF3URJUDPPH 6ZLWFKLQJWUDIILFDQQRXQFHPHQWVRQRII 7UDQVIHUULQJDFDOO&RQYHQLHQFHWHOHSKRQH 79FKDQQHO6HWWLQJ 6WRULQJ 88SGDWLQJ0DSVRIWZDUH 8VLQJWKHWHOHSKRQH 9Y&DUGV5HFHLYLQJ 9HKLFOHSRVLWLRQ6DYLQJ 9LGHR'9'$XWRPDWLFSLFWXUHVKXWRII )DVWIRUZDUGUHZLQG 2SHUDWLRQ ,QGH[&20$1'B$.%HQ*%GLQVFKP 9HUVLRQ76HLWH
3DXVHIXQFWLRQ 3LFWXUHVHWWLQJV 3OD\LQJFRQGLWLRQV 6HOHFWLQJDILOPWLWOH 6HOHFWLQJDVFHQHFKDSWHU 6WRSIXQFWLRQ 6ZLWFKLQJWR 9ROXPH$GMXVWLQJ 1DYLJDWLRQDQQRXQFHPHQWV 3KRQHFDOOV 7UDIILFDQQRXQFHPHQWV ::DYHEDQG6ZLWFKLQJUDGLR ,QGH[ &20$1'B$.%HQ*%GLQVFKP 9HUVLRQ76HLWH
$ERXWWKLVERRNOHW7KHVHRSHUDWLQJLQVWUXFWLRQVZLOODVVLVW\RXLQRSHUDWLQJ\RXU&20$1'FRQWUROSDQHOLQDOOVLWXDWLRQV<RXZLOOILQGDOOWKHQHFHVVDU\LQIRUPDWLRQLQWKHIROORZLQJVHFWLRQV$WDJODQFH+HUH\RXZLOOILQGDQRYHUYLHZRI&20$1'VFRPSRQHQWV$IWHUWKDW\RXZLOOILQGH[DPSOHVRIKRZWRRSHUDWH&20$1'DQGLQIRUPDWLRQDERXWLWVEDVLFIXQFWLRQV,I\RXDUHXVLQJ&20$1'IRUWKHILUVWWLPHRUKDYHKLUHGWKHYHKLFOH\RXVKRXOGUHDGWKLVVHFWLRQILUVW6\VWHPVHWWLQJV+HUH\RXZLOOILQGDOOLPSRUWDQWLQIRUPDWLRQDERXW&20$1'V\VWHPVHWWLQJV1DYLJDWLRQV\VWHP+HUH\RXZLOOILQGGHWDLOHGLQIRUPDWLRQRQWKHIROORZLQJWRSLFV=+DQGOLQJWKHPDSDVZHOODVVHWWLQJRSWLRQVIRUPDSGLVSOD\DQGURXWHFDOFXODWLRQ='HVWLQDWLRQLQSXW=(QWHULQJDVSHFLDOGHVWLQDWLRQ=5RXWHJXLGDQFH='\QDPLFURXWHJXLGDQFH='HVWLQDWLRQPHPRU\=3UHYLRXVGHVWLQDWLRQV7HOHSKRQH7HOHSKRQHIXQFWLRQVDUHGHVFULEHGKHUH<RXZLOODOVRILQGLQIRUPDWLRQRQWKHIROORZLQJWRSLFV=7H[WPHVVDJHV606=$GGUHVVERRN=0HUFHGHV%HQ]&RQWDFW$XGLR+HUH\RXZLOOILQGLQIRUPDWLRQUHJDUGLQJDXGLRIXQFWLRQVIRUWKHUDGLR'$%UDGLRDXGLR&''9'030XVLF5HJLVWHU0HGLD,QWHUIDFHDQGDXGLR$8;PRGHV9LGHR+HUH\RXZLOOILQGLQIRUPDWLRQRQWKH79YLGHR'9'DQGYLGHR$8;PRGHV5HDUVHDWHQWHUWDLQPHQWV\VWHP+HUH\RXZLOOILQGLQIRUPDWLRQRQWKHUHDUVHDWHQWHUWDLQPHQWV\VWHPDQGWKHDXGLR&''9'0379YLGHR'9'DQG$8;RSHUDWLQJPRGHV2SHUDWLQJVDIHW\5LVNRIDFFLGHQW<RXUDWWHQWLRQPXVWDOZD\VEHIRFXVHGRQWKHWUDIILFFRQGLWLRQV2QO\XVH&20$1'RUWKHWHOHSKRQHZKHQWKHURDGDQGWUDIILFFRQGLWLRQVSHUPLW%HDULQPLQGWKDWDWDVSHHGRIRQO\NPK\RXUYHKLFOHFRYHUVDGLVWDQFHRIQHDUO\PSHUVHFRQG7KHQDYLJDWLRQV\VWHPZLOOQRWSURYLGH\RXZLWKLQIRUPDWLRQDERXWVWRSVLJQVJLYHZD\VLJQVWUDIILFUHJXODWLRQVRUURDGVDIHW\IHDWXUHV,WLVXSWR\RXWRSD\DWWHQWLRQWRWKHVHZKLOHGULYLQJWKHYHKLFOH2QO\HQWHUDQHZGHVWLQDWLRQZKHQWKHYHKLFOHLVVWDWLRQDU\'HDUUDGLRXVHU7KLVUDGLRFDQEHRSHUDWHGE\DQ\RQHLQDFFRUGDQFHZLWKWKHUHOHYDQW(&GLUHFWLYH,QWURGXFWLRQRSWLRQDO&20$1'B$.%HQ*%GLQVFKP 9HUVLRQ76HLWH
7KHGHYLFHFRQIRUPVWRFXUUHQWO\DSSOLFDEOH(XURSHDQRUKDUPRQLVHGQDWLRQDOVWDQGDUGV7KLVJXDUDQWHHVWKDWWKHHTXLSPHQWFRQIRUPVWRWKHUHOHYDQWVSHFLILFDWLRQVUHJDUGLQJHOHFWURPDJQHWLFFRPSDWLELOLW\$VDUHVXOWLQWHUIHUHQFHFDXVHGE\\RXUHTXLSPHQWWRRWKHUHOHFWULFDOHOHFWURQLFHTXLSPHQWDQGLQWHUIHUHQFHWR\RXUHTXLSPHQWFDXVHGE\RWKHUHOHFWULFDOHOHFWURQLFHTXLSPHQWFDQEHODUJHO\SUHYHQWHG7KHHTXLSPHQWLVDSSURYHGE\WKHYHKLFOHPDQXIDFWXUHULQDFFRUGDQFHZLWK(XURSHDQ$XWRPRWLYH(0&'LUHFWLYH(&7KLVPHDQVWKDWWKHHTXLSPHQWLQ\RXUYHKLFOHLVDXWKRULVHGIRUXVHDFFRUGLQJWRWKHJLYHQUHJXODWLRQV7KHHTXLSPHQWGRHVQRWUHTXLUHFHUWLILFDWLRQ7KHHTXLSPHQWFRQIRUPVWRWKHUHOHYDQWHTXLSPHQWVSHFLILF(0&VSHFLILFDWLRQVLQDFFRUGDQFHZLWKWKHIROORZLQJ(XURSHDQVWDQGDUGV(1(1'HFODUDWLRQRIFRQIRUPLW\IRUEULQJLQJWHOHFRPPXQLFDWLRQGHYLFHVRQWRWKHPDUNHW'DLPOHU$*KHUHE\FRQILUPVWKDWWKLVGHYLFHLVFRPSOLDQWZLWKWKHEDVLFUHTXLUHPHQWVDQGDOORWKHUUHOHYDQWUHJXODWLRQVVWLSXODWHGE\'LUHFWLYH(&577('LUHFWLYH&RUUHFWXVH2EVHUYHWKHIROORZLQJLQIRUPDWLRQZKHQXVLQJ&20$1'=WKHVDIHW\QRWHVLQWKLVPDQXDO=QDWLRQDOURDGWUDIILFUHJXODWLRQVG,PSURSHUZRUNRQHOHFWURQLFFRPSRQHQWVRURWKHUV\VWHPVVXFKDVUDGLR'9'FKDQJHUDQGWKHLUVRIWZDUHPD\UHVXOWLQPDOIXQFWLRQRUIDLOXUH(YHQV\VWHPVWKDWKDYHQRWEHHQPRGLILHGFRXOGEHDIIHFWHGEHFDXVHWKHHOHFWURQLFV\VWHPVDUHFRQQHFWHG(OHFWURQLFVPDOIXQFWLRQVFDQVHULRXVO\FRPSURPLVHWKHRSHUDWLRQDOVDIHW\RI\RXUYHKLFOHG2QO\KDYHZRUNRUFKDQJHVRQWKHHOHFWURQLFFRPSRQHQWVFDUULHGRXWDWDTXDOLILHGVSHFLDOLVWZRUNVKRSZKLFKKDVWKHQHFHVVDU\VSHFLDOLVWNQRZOHGJHDQGWRROVWRFDUU\RXWWKHZRUN'DLPOHUUHFRPPHQGVWKDW\RXXVHD0HUFHGHV%HQ]6HUYLFH&HQWUHIRUWKLVSXUSRVH,QSDUWLFXODUZRUNUHOHYDQWWRVDIHW\RURQVDIHW\UHODWHGV\VWHPVPXVWEHFDUULHGRXWDWDTXDOLILHGVSHFLDOLVWZRUNVKRS)XQFWLRQUHVWULFWLRQVZKLOHWKHYHKLFOHLVLQPRWLRQ)RUVDIHW\UHDVRQVVRPH&20$1'IXQFWLRQVDUHUHVWULFWHGRUXQDYDLODEOHZKLOHWKHYHKLFOHLVLQPRWLRQ<RXZLOOQRWLFHWKLVIRUH[DPSOHEHFDXVH\RXZLOOHLWKHUQRWEHDEOHWRVHOHFWFHUWDLQPHQXLWHPVRUEHFDXVH&20$1'ZLOOGLVSOD\DPHVVDJHWRWKDWHIIHFW,QWURGXFWLRQ RSWLRQDO&20$1'B$.%HQ*%GLQVFKP 9HUVLRQ76HLWH
&20$1'B$.%HQ*%GLQVFKP 9HUVLRQ76HLWH)&&,&1RWLFHV7KLVGHYLFHFRPSOLHVZLWK3DUWRI)&&5XOHVDQG566*HQRI,&5XOHV2SHUDWLRQLVVXEMHFWWRWKHIROORZLQJWZRFRQGLWLRQVWKLVGHYLFHPD\QRWFDXVH䇭LQWHUIHUHQFHDQGWKLVGHYLFHPXVWDFFHSWDQ\LQWHUIHUHQFHLQFOXGLQJLQWHUIHUHQFHWKDWPD\FDXVHXQGHVLUHGRSHUDWLRQRIWKLVGHYLFH&$87,21&KDQJHVRUPRGLILFDWLRQVQRWH[SUHVVO\DSSURYHGE\WKHSDUW\UHVSRQVLEOHIRUFRPSOLDQFHFRXOGYRLGWKHXVHU¶VDXWKRULW\WRRSHUDWHWKHHTXLSPHQW127(7KLVHTXLSPHQWKDVEHHQWHVWHGDQGIRXQGWRFRPSO\ZLWKWKHOLPLWVIRUD&ODVV$GLJLWDOGHYLFHSXUVXDQWWRSDUWRIWKH)&&5XOHV7KHVHOLPLWVDUHGHVLJQHGWRSURYLGHUHDVRQDEOHSURWHFWLRQDJDLQVWKDUPIXOLQWHUIHUHQFHZKHQWKHHTXLSPHQWLVRSHUDWHGLQDFRPPHUFLDOHQYLURQPHQW7KLVHTXLSPHQWJHQHUDWHVXVHVDQGFDQUDGLDWHUDGLRIUHTXHQF\HQHUJ\DQGLIQRWLQVWDOOHGDQGXVHGLQDFFRUGDQFHZLWKWKHLQVWUXFWLRQVPD\FDXVHKDUPIXOLQWHUIHUHQFHWRUDGLRFRPPXQLFDWLRQV2SHUDWLRQRIWKLVHTXLSPHQWLQDUHVLGHQWLDODUHDLVOLNHO\WRFDXVHKDUPIXOLQWHUIHUHQFHLQZKLFKFDVHWKHXVHUZLOOEHUHTXLUHGWRFRUUHFWWKHLQWHUIHUHQFHDWKLVRZQH[SHQVH&$87,217KLVWUDQVPLWWHUPXVWQRWEHFRORFDWHGRURSHUDWHGLQFRQMXQFWLRQZLWKDQ\RWKHUDQWHQQDRUWUDQVPLWWHU&$87,217KLVHTXLSPHQWFRPSOLHVZLWK)&&,&UDGLDWLRQH[SRVXUHOLPLWVVHWIRUWKIRUXQFRQWUROOHGHTXLSPHQWDQGPHHWVWKH)&&UDGLRIUHTXHQF\5)([SRVXUH*XLGHOLQHVLQ6XSSOHPHQW&WR2(7DQG566RIWKH,&UDGLRIUHTXHQF\5)([SRVXUHUXOHV7KLVHTXLSPHQWKDVYHU\ORZOHYHOVRI5)HQHUJ\WKDWLWGHHPHGWRFRPSO\ZLWKRXWPD[LPXPSHUPLVVLYHH[SRVXUHHYDOXDWLRQ03(%XWLWLVGHVLUDEOHWKDWLWVKRXOGEHLQVWDOOHGDQGRSHUDWHGZLWKDWOHDVWFPDQGPRUHEHWZHHQWKHUDGLDWRUDQGSHUVRQ¶VERG\H[FOXGLQJH[WUHPLWLHVKDQGVZULVWVIHHWDQGDQNOHV䇭
&20$1'RSHUDWLQJV\VWHP 0XOWLIXQFWLRQVWHHULQJZKHHO 2SHUDWLQJ&20$1' %DVLFIXQFWLRQVRI&20$1' 5HDUVHDWHQWHUWDLQPHQWV\VWHP 5HYHUVLQJFDPHUD $WDJODQFH&20$1'B$.%HQ*%GLQVFKP 9HUVLRQ76HLWH
&20$1'RSHUDWLQJV\VWHP)XQFWLRQ 3DJH=&20$1'GLVSOD\ >&20$1'FRQWUROSDQHOZLWKDVLQJOH'9'GULYHRU'9'FKDQJHU @&20$1'FRQWUROOHU %DFNEXWWRQOHIW 'HOHWHEXWWRQULJKW &RPSRQHQWVRI&20$1'&20$1'FRQVLVWVRI=WKH&20$1'GLVSOD\=WKH&20$1'FRQWUROSDQHOZLWKDVLQJOH'9'GULYHRU'9'FKDQJHU=WKH&20$1'FRQWUROOHUZLWKEDFNDQGGHOHWHEXWWRQV<RXFDQXVH&20$1'WRRSHUDWHWKHIROORZLQJPDLQIXQFWLRQV=WKHQDYLJDWLRQV\VWHP=WKHDXGLRIXQFWLRQVLQWKHIROORZLQJPRGHVUDGLR'$%UDGLRGLVF&'DXGLR'9'DXGLRRU03PRGH3&0&,$PHPRU\FDUG03PRGH0XVLF5HJLVWHU0HGLD,QWHUIDFHDQGDXGLR$8;=WKHWHOHSKRQHZLWKWH[WPHVVDJH606IXQFWLRQDQGWKHDGGUHVVERRN=WKHYLGHRIXQFWLRQLQ79YLGHR'9'DQGYLGHR$8;PRGHV=WKHV\VWHPVHWWLQJV<RXFDQFDOOXSWKHPDLQIXQFWLRQV=XVLQJWKHFRUUHVSRQGLQJIXQFWLRQEXWWRQV=XVLQJWKHPDLQIXQFWLRQVPHQXEDULQWKH&20$1'GLVSOD\&20$1'GLVSOD\*HQHUDOQRWHV'RQRWXVHWKHVSDFHLQIURQWRIWKHGLVSOD\IRUVWRZDJH2EMHFWVSODFHGKHUHFRXOGGDPDJHWKHGLVSOD\RULPSHGHLWVIXQFWLRQLQJ$YRLGWRXFKLQJWKHVXUIDFHRIWKHGLVSOD\3UHVVXUHH[HUWHGRQWKHVXUIDFHRIWKHGLVSOD\FDQKDYHDQLUUHYHUVLEOHGHWULPHQWDOHIIHFWRQWKHGLVSOD\:HDULQJSRODULVHGVXQJODVVHVPD\LPSDLU\RXUYLVLRQRIWKHGLVSOD\7KHGLVSOD\KDVDQDXWRPDWLFWHPSHUDWXUHFRQWUROOHGVZLWFKRIIIHDWXUH,IWKHWHPSHUDWXUHULVHVWRRKLJKWKHEULJKWQHVVLVWHPSRUDULO\UHGXFHGDXWRPDWLFDOO\7KHGLVSOD\PD\WKHQWHPSRUDULO\VZLWFKLWVHOIRIIFRPSOHWHO\ &20$1'RSHUDWLQJV\VWHP$WDJODQFHRSWLRQDO&20$1'B$.%HQ*%GLQVFKP 9HUVLRQ76HLWH
7KH&20$1'GLVSOD\VKRZVWKHIXQFWLRQFXUUHQWO\VHOHFWHGDQGLWVDVVRFLDWHGPHQXV7KH&20$1'GLVSOD\LVGLYLGHGLQWRVHYHUDODUHDV7KHUDGLRGLVSOD\LVVKRZQLQWKHH[DPSOH=6WDWXVEDU>&DOOLQJXSWKHDXGLRPHQX@0DLQIXQFWLRQVPHQXEDUB'LVSOD\VHOHFWLRQZLQGRZD0HQXEDUIRUWKHVHOHFWHGPDLQIXQFWLRQRURSHUDWLQJPRGH6WDWXVEDU=VKRZVWKHWLPHDQGWKHFXUUHQWVHWWLQJVIRUUDGLRDQGWHOHSKRQHRSHUDWLRQ7KHVPDOO>WULDQJOHLQGLFDWHVWKDWWKHDXGLRPHQXFDQEHFDOOHGXSSDJH<RXFDQFDOOXSWKHGHVLUHGPDLQIXQFWLRQIURPWKHPHQXEDU@6HOHFWWKHIXQFWLRQZLWKWKH&20$1'FRQWUROOHUSDJH,QWKHH[DPSOHWKH$XGLRPDLQIXQFWLRQLVVHWWRUDGLRPRGHDQGGLVSOD\VHOHFWLRQZLQGRZBLVDFWLYHG7KHOD\RXWRIWKHPHQXVPD\YDU\GHSHQGLQJRQWKHYHKLFOHVHTXLSPHQW7KHPHQXVIRUDIXOO\HTXLSSHGYHKLFOHDUHVKRZQLQWKHVHLQVWUXFWLRQV0HQXRYHUYLHZ$IWHUDVHOHFWLQJDPDLQIXQFWLRQLQPHQXLWHP@\RXILQGWKHFRUUHVSRQGLQJPHQXDWWKHERWWRPHGJHRI&20$1'GLVSOD\D$GGLWLRQDOPHQXVDUHDYDLODEOHIRUWKHPDLQIXQFWLRQVQDYLJDWLRQDXGLRWHOHSKRQHDQGYLGHRDWWKHWRSRI&20$1'GLVSOD\><RXFDQFDOOXSWKHV\VWHPPHQXSDJHYLD6\VWHPDQGPDNHV\VWHPVHWWLQJVWKHUH1DYL $XGLR 7HO 9LGHR0RGH 5DGLRLQFOXGLQJ'$%UDGLR7HOHSKRQH 790DSRULHQWDWLRQ 'LVF $GGUHVVERRN 9LGHR'9'6SHFLDOGHVWLQDWLRQLFRQVRQPDS0HPRU\FDUG $8;7H[WLQIRUPDWLRQRQPDS 0XVLF5HJLVWHUR6ZLWFKLQJWRSRJUDSKLFDOPDSRQRURII0HGLD,QWHUIDFHR6ZLWFKLQJPRWRUZD\LQIRUPDWLRQRQRII5HDUR5HDGLQJRXWWKH70&PHVVDJHVDXWRPDWLFDOO\$8;&20$1'RSHUDWLQJV\VWHP $WDJODQFHRSWLRQDO&20$1'B$.%HQ*%GLQVFKP 9HUVLRQ76HLWH
1DYL $XGLR 7HO 9LGHRR$FWLYDWLQJRUGHDFWLYDWLQJYROXPHOLPLWHU$YRLGLQJDQDUHD<RXFDQGHWHUPLQHEDVLFVHWWLQJVIRUPDSGLVSOD\URXWHFDOFXODWLRQDQGURXWHJXLGDQFHXQGHU1DYLJDWLRQG<RXFDQFDOOXSIXQFWLRQVVXFKDVGHVWLQDWLRQHQWU\DQGWKHGHVWLQDWLRQPHPRU\DWWKHERWWRPRIWKH&20$1'GLVSOD\LQWKH1DYLJDWLRQPHQXEDUSDJH,QWKH$XGLRPDLQIXQFWLRQ\RXFDQVZLWFKPRGHVLQWKHDXGLRPHQXSDJH,QWKH7HOHSKRQHPDLQIXQFWLRQ\RXFDQFKRRVHEHWZHHQWHOHSKRQHPRGHDQGWKHDGGUHVVERRN,QWKHYLGHRPHQXSDJH\RXFDQVZLWFKEHWZHHQ79DQG'9'YLGHRPRGH<RXFDQVHOHFW$X[LQVWHDGRI79LI\RXUYHKLFOHLVHTXLSSHGZLWKDQDXGLRYLGHRFDEOHVHWIRUWKH0HGLD,QWHUIDFHSDJH&OHDQLQJLQVWUXFWLRQV7KHGLVSOD\PXVWEHVZLWFKHGRIIDQGKDYHFRROHGGRZQEHIRUH\RXVWDUWFOHDQLQJ&OHDQWKHGLVSOD\VXUIDFHZKHQQHHGHGZLWKDFRPPHUFLDOO\DYDLODEOHPLFURILEUHFORWKDQGFOHDQLQJDJHQWIRU7)7/&'GLVSOD\V7KHQGU\WKHVXUIDFHZLWKDGU\PLFURILEUHFORWK$YRLGXVLQJDOFRKROLFWKLQQHUVSHWURORUDEUDVLYHFOHDQLQJDJHQWV7KHVHFRXOGGDPDJHWKHGLVSOD\VXUIDFH'RQRWDSSO\SUHVVXUHWRWKHGLVSOD\VXUIDFHZKHQFOHDQLQJLWDVWKLVFRXOGFDXVHLUUHYHUVLEOHGDPDJH&20$1'FRQWUROSDQHO7KH&20$1'FRQWUROSDQHODOORZV\RXWR=VZLWFK&20$1'RQRII=DGMXVWWKHYROXPH=VHOHFWWKHPDLQIXQFWLRQPRGHGLUHFWO\=HQWHUWHOHSKRQHQXPEHUVDQGDFFHSWUHMHFWLQLWLDWHDQGHQGFDOOV=ORDGRUHMHFW&'V'9'VRUD3&0&,$PHPRU\FDUG &20$1'RSHUDWLQJV\VWHP$WDJODQFHRSWLRQDO&20$1'B$.%HQ*%GLQVFKP 9HUVLRQ76HLWH
)XQFWLRQ 3DJH=6ZLWFKHVWRUDGLRPRGH 6ZLWFKHVZDYHEDQGV 6ZLWFKHVWR'$%UDGLRPRGH >6ZLWFKHVWRDXGLR&'DXGLR'9'RU03PRGH 6ZLWFKHVWRYLGHR'9'PRGH 6ZLWFKHVWRWKH0XVLF5HJLVWHU 6ZLWFKHVWR0HGLD,QWHUIDFHPRGH @/RDGHMHFWEXWWRQ6LQJOH'9'GULYHSUHVVWKH;EXWWRQ'9'FKDQJHUSUHVVWKHYEXWWRQB'LVFVORW/RDGV&''9' (MHFWV&''9' 8SGDWHVWKHPDSVRIWZDUH )XQFWLRQ 3DJHD6HOHFWVWKHVWDWLRQRUVWDWLRQOLVW)0DQG'$%UDGLRPRGH 6HOHFWVVWDWLRQVXVLQJWKHVWDWLRQVHDUFKIXQFWLRQ 5HZLQG 6HOHFWVWKHSUHYLRXVWUDFN E6ZLWFKHV&20$1'RQRII $GMXVWVWKHYROXPH F6HOHFWVWKHVWDWLRQRUVWDWLRQOLVW)0DQG'$%UDGLRPRGH 6HOHFWVVWDWLRQVXVLQJWKHVWDWLRQVHDUFKIXQFWLRQ )DVWIRUZDUG 6HOHFWVWKHQH[WWUDFN G'HOHWHEXWWRQ'HOHWLQJLQGLYLGXDOFKDUDFWHUV 'HOHWHVDQHQWLUHHQWU\ &20$1'RSHUDWLQJV\VWHP $WDJODQFHRSWLRQDO&20$1'B$.%HQ*%GLQVFKP 9HUVLRQ76HLWH
)XQFWLRQ 3DJHH1XPEHUNH\SDG6HOHFWVVWDWLRQVYLDWKHVWDWLRQSUHVHWV 6WRUHVVWDWLRQVPDQXDOO\ $XWKRULVHVPRELOHSKRQH 3,1HQWU\&RQYHQLHQFHWHOHSKRQ\ 7HOHSKRQHQXPEHUHQWU\ '70)WRQHWUDQVPLVVLRQ (QWHUVFKDUDFWHUVGLUHFWHQWU\ I3&0&,$PHPRU\FDUGVORW J(MHFWEXWWRQIRUWKH3&0&,$PHPRU\FDUG K&RQILUPV3,1&RQYHQLHQFHWHOHSKRQ\ $FFHSWVDFDOO 'LDOVDFDOO 5HGLDOV $FFHSWVDZDLWLQJFDOO L5HMHFWVDFDOO (QGVDQDFWLYHFDOO 5HMHFWVDZDLWLQJFDOO M&DOOVXSWKHV\VWHPPHQX N6ZLWFKHVWKHVRXQGRQRII 3DXVHIXQFWLRQ 6ZLWFKHVWKHKDQGVIUHHPLFURSKRQHRQRII &DQFHOVWKH606WH[WPHVVDJHUHDGDORXGIXQFWLRQ 0XWHVWUDIILFDQGQDYLJDWLRQDQQRXQFHPHQWV )XQFWLRQ 3DJHO&DOOVXSWKHWHOHSKRQHEDVLFPHQX7HOHSKRQ\YLDWKH%OXHWRRWKLQWHUIDFH &RQYHQLHQFHWHOHSKRQ\ P6ZLWFKHVWRQDYLJDWLRQPRGH &20$1'FRQWUROOHU=&20$1'FRQWUROOHU<RXFDQXVHWKH&20$1'FRQWUROOHUWRVHOHFWWKHPHQXLWHPVLQWKH&20$1'GLVSOD\<RXFDQFDOOXSPHQXVDQGOLVWVPRYHZLWKLQPHQXVRUOLVWVDQGH[LWPHQXVDQGOLVWVLQWKLVZD\&20$1'FRQWUROOHURSHUDWLRQ7KH&20$1'FRQWUROOHUFDQEH=SUHVVHGEULHIO\RUSUHVVHGDQGKHOG~=WXUQHGFORFNZLVHRUDQWLFORFNZLVH_:` &20$1'RSHUDWLQJV\VWHP$WDJODQFHRSWLRQDO&20$1'B$.%HQ*%GLQVFKP 9HUVLRQ76HLWH
=VOLGWRWKHOHIWRUULJKW{:|=VOLGIRUZDUGVRUEDFNZDUGV}:È=VOLGGLDJRQDOO\w:^,QWKHLQVWUXFWLRQVRSHUDWLQJGLUHFWLRQVDUHGHVFULEHGDVIROORZV3UHVVWKH'EXWWRQ5DGLRPRGHLVVZLWFKHGRQ6HOHFW4CFKQLQWKHORZHUPHQXLWHPLIIRUH[DPSOHWKH)0UDGLRGLVSOD\LVVKRZQ6HOHFW5VCVKQPNKUV7XUQ_:`RUVOLGH}:ÈWKH&20$1'FRQWUROOHU7KLVPRYHVWKHVHOHFWLRQEDUWRWKH5VCVKQPNKUVPHQXLWHP3UHVVWKH~&20$1'FRQWUROOHU7KLVFRQILUPV\RXUVHOHFWLRQ7KHVWDWLRQOLVWDSSHDUV&20$1'RSHUDWLQJV\VWHP $WDJODQFH&20$1'B$.%HQ*%GLQVFKP 9HUVLRQ76HLWH
6\PERO&20$1'FRQWUROOHURSHUDWLRQ )XQFWLRQH[DPSOHV~3UHVVEULHIO\ =&RQILUPVWKHPHQXLWHPRUOLVWHQWU\=6KRZVKLGHVWKHPHQXV\VWHPHJZKHQXVLQJQDYLJDWLRQRUYLGHRIXQFWLRQV3UHVVDQGKROGXQWLOWKHVHOHFWHGDFWLRQLVFDUULHGRXW=$FFHSWVDGHVWLQDWLRQLQWKHQDYLJDWLRQV\VWHP_:`7XUQ =0RYHVLQPHQXVRUOLVWV=6FUROOVWKURXJKWH[W=0DNHVVHWWLQJV}:È6OLGH =0RYHVLQPHQXVRUOLVWV=([LWVPHQXV6OLGHDQGKROG =0RYHVLQWKHQDYLJDWLRQPDS{:|6OLGH =0RYHVLQPHQXV=([LWVOLVWV=6ZLWFKHVWRWKHQH[WSUHYLRXVWUDFN6OLGHDQGKROG =4XLFNHUIDVWIRUZDUGRUUHZLQGGXULQJ&'RU'9'SOD\EDFN=0RYHVLQWKHQDYLJDWLRQPDSw:^6OLGHDQGKROG =0RYHVLQWKHQDYLJDWLRQPDS%DFNEXWWRQ=%DFNEXWWRQ7RH[LWWKHPHQXSUHVV%DFNEXWWRQ=EULHIO\&20$1'FKDQJHVWRWKHQH[WKLJKHUPHQXOHYHOLQWKHFXUUHQWRSHUDWLQJPRGHG<RXFDQDOVRH[LWDPHQXE\VOLGLQJWKH&20$1'FRQWUROOHU{:|RU}:È7RVZLWFKWRWKHEDVLFGLVSOD\SUHVVDQGKROGWKH=EXWWRQ&20$1'FKDQJHVWRWKHEDVLFGLVSOD\RIWKHFXUUHQWRSHUDWLQJPRGH &20$1'RSHUDWLQJV\VWHP$WDJODQFH&20$1'B$.%HQ*%GLQVFKP 9HUVLRQ76HLWH
'HOHWHEXWWRQ='HOHWHEXWWRQ7RGHOHWHDQLQGLYLGXDOFKDUDFWHUSUHVV'HOHWHEXWWRQ=EULHIO\7RGHOHWHDQHQWLUHHQWU\SUHVVDQGKROG'HOHWHEXWWRQ=&20$1'RSHUDWLQJV\VWHP $WDJODQFH&20$1'B$.%HQ*%GLQVFKP 9HUVLRQ76HLWH
0XOWLIXQFWLRQVWHHULQJZKHHO([DPSOHGLVSOD\(&ODVV)XQFWLRQ 3DJH=0XOWLIXQFWLRQGLVSOD\VHHYHKLFOH2ZQHUV0DQXDO>I\$FFHSWVRUUHMHFWVHQGVFDOOV Z[,QFUHDVHVUHGXFHVYROXPH K6ZLWFKHVWKHVRXQGRQRII 6ZLWFKHV5'6DQQRXQFHPHQWVRQRURII ,QWHUUXSWVYRLFHFRQWUROVHHVHSDUDWHRSHUDWLQJLQVWUXFWLRQV@A6ZLWFKHVRQYRLFHFRQWUROVHHVHSDUDWHRSHUDWLQJLQVWUXFWLRQVB!3UHVVEULHIO\EDFNVZLWFKHVRIIYRLFHFRQWURODQGKLGHVGLVSOD\PHVVDJHV!3UHVVDQGKROGVHOHFWVVWDQGDUGGLVSOD\VHHYHKLFOH2ZQHUV0DQXDO)XQFWLRQ 3DJHD@>&DOOVXSWKHPHQXOLQHDQGVHOHFWVPHQXV <=3UHVVEULHIO\VHOHFWVVXEPHQXVLQWKHPXOWLIXQFWLRQGLVSOD\RUVFUROOVWKURXJKOLVWV,QWKH#WFKQPHQXVHOHFWVDVWRUHGUDGLRVWDWLRQRU79FKDQQHODQDXGLRWUDFNRUDYLGHRVFHQH,QWKH6GNWHOHSKRQHPHQXVZLWFKHVWRWKHSKRQHERRNDQGVHOHFWVDQDPHRUWHOHSKRQHQXPEHU <=3UHVVDQGKROGLQWKH#WFKQPHQXVHOHFWVDUDGLRVWDWLRQRU79FKDQQHOIURPWKHOLVWVHOHFWVDQDXGLRWUDFNRUYLGHRVFHQHE\UDSLGVFUROOLQJ,QWKH6GNPHQXVWDUWVUDSLGVFUROOLQJWKURXJKWKHSKRQHERRN d&RQILUPVVHOHFWLRQVDQGIDGHVRXWPHVVDJHV,QWKH6GNPHQXFKDQJHVWRWKHSKRQHERRNDQGVWDUWVGLDOOLQJ 2SHUDWLQJ&20$1'&DOOLQJXSWKHPHQXRIDPDLQIXQFWLRQ7KHH[DPSOHLOOXVWUDWHVKRZWRFDOOXSWKHDXGLRPHQX 2SHUDWLQJ&20$1'$WDJODQFHRSWLRQDO&20$1'B$.%HQ*%GLQVFKP 9HUVLRQ76HLWH
)URPDXGLRPRGH=7RFDOOXSWKHDXGLRPHQX>0DLQIXQFWLRQVPHQXEDU7RVZLWFKWROLQH>VOLGH}:7KH#WFKQPHQXLWHPLVKLJKOLJKWHG7KHWULDQJOH=VKRZVWKDW\RXFDQFDOOXSDPHQXLQWKHDFWLYHPDLQIXQFWLRQ7RFDOOXSWKH$XGLRPHQXSUHVV~7KHDXGLRPHQXDSSHDUV7KHGRWLQGLFDWHVWKHFXUUHQWDXGLRPRGH)URPDQRWKHUPDLQIXQFWLRQ7RVKRZWKHPHQXV\VWHP=1DYLJDWLRQV\VWHPSDJH=79PRGHSDJH=9LGHR'9'SDJH7RVZLWFKWROLQH>VOLGH}:7RFDOOXSWKHDXGLRPHQXWXUQ_:`RUVOLGH{:|XQWLO#WFKQLVKLJKOLJKWHG3UHVVWKH~EXWWRQ<RXFDQVHHWKHEDVLFGLVSOD\RIWKHFXUUHQWDXGLRRSHUDWLQJPRGH3URFHHGDVGHVFULEHGXQGHU:LWKLQWKHDXGLRIXQFWLRQ6HOHFWLQJDPHQXLWHP([DPSOHVWDWLRQSUHVHWV([DPSOHGLVSOD\RI'$%UDGLRPRGH=&XUUHQWO\VHOHFWHGPHQXLWHP>6HOHFWLRQEDU7RVHOHFWDPHQXLWHPWXUQ_:`RUVOLGH}:È7KHVHOHFWLRQEDUPRYHVYHUWLFDOO\ZLWKLQWKHOLVW7RFRQILUPWKHPHQXLWHPSUHVV~7RH[LWDPHQXZLWKRXWPDNLQJDVHOHFWLRQVOLGH{:|LQWKHRSSRVLWHGLUHFWLRQWRWKHGLUHFWLRQRIWKHOLVWRU3UHVVWKH!EXWWRQ2SHUDWLQJ&20$1' $WDJODQFHRSWLRQDO&20$1'B$.%HQ*%GLQVFKP 9HUVLRQ76HLWH
([DPSOHDGGUHVVHQWU\PHQXZLWKLQGHVWLQDWLRQHQWU\=7ZROLQHPHQX>6HOHFWLRQEDU7RVHOHFWDPHQXLWHPWXUQ_:`RUVOLGH{:|7KHVHOHFWLRQEDUVPRYHKRUL]RQWDOO\7RVZLWFKWRDGLIIHUHQWPHQXLWHPVOLGH}:È7RFRQILUPWKHPHQXLWHPSUHVV~&KDUDFWHUHQWU\7KHH[DPSOHVKRZVWKHOLVWRIWRZQVGXULQJGHVWLQDWLRQHQWU\LQWKHQDYLJDWLRQ/LVWRIWRZQVZLWKLQSXWFKDUDFWHUV=7ZROLQHVPDUWVSHOOHUZLWKXSSHUDQGORZHUOLQHVG:LWKVPDUWVSHOOHU=\RXFDQRQO\VHOHFWWKHFKDUDFWHUVWKDWDUHFXUUHQWO\DYDLODEOH:KLFKWKHVHDUHGHSHQGVRQWKHFXUUHQWLQSXWVWULQJDQGWKHGDWDFRQWDLQHGRQWKHGLJLWDOPDS:KHQFKDUDFWHUVDUHHQWHUHGWKHOLVWHQWU\DWWKHWRSDOZD\VVKRZVDQDPHWKDWPRVWFORVHO\PDWFKHVWKHFXUUHQWLQSXWVWULQJ&20$1'DXWRPDWLFDOO\DGGVSODXVLEOHFKDUDFWHUVWRWKRVHDOUHDG\HQWHUHGE\WKHXVHU(QWHULQJFKDUDFWHUV8VLQJWKHVSHOOHU7RVHOHFWDFKDUDFWHUWXUQ_:`RUVOLGH{:|6OLGH}:ÈWRVZLWFKEHWZHHQWKHOLQHVLQWKHVSHOOHU7RFRQILUPWKHFKDUDFWHUVHOHFWLRQSUHVV~,QVRPHFDVHVSRVVLEOH7RFKDQJHWKHFKDUDFWHUVHWIRUWKHVPDUWVSHOOHUVHOHFW<8VLQJWKHQXPEHUNH\SDG$OWHUQDWLYHO\\RXFDQDOVRHQWHUFKDUDFWHUVXVLQJWKHQXPEHUNH\SDGGLUHFWLQSXW([DPSOH3UHVVRQHRIWKHQXPEHUSDGEXWWRQVHJhRQFHRUUHSHDWHGO\LQTXLFNVXFFHVVLRQ2QFHDEXWWRQKDVEHHQSUHVVHGWKHFKDUDFWHUGLVSOD\DSSHDUVDWWKHERWWRPRIWKHGLVSOD\7KHILUVWDYDLODEOHOHWWHULVKLJKOLJKWHG 2SHUDWLQJ&20$1'$WDJODQFH&20$1'B$.%HQ*%GLQVFKP 9HUVLRQ76HLWH
<RXVHHZKLFKFKDUDFWHUV\RXFDQHQWHUZLWKWKDWEXWWRQ(DFKWLPHWKHEXWWRQLVSUHVVHGWKHQH[WFKDUDFWHULVVHOHFWHG([DPSOHZLWKh=SUHVVRQFH $=SUHVVWZLFH %=SUHVVWKUHHWLPHV &:DLWXQWLOWKHFKDUDFWHUGLVSOD\JRHVRXW7KHHQWULHVPDWFKLQJ\RXULQSXWDUHVKRZQLQWKHOLVW'HOHWLQJDQHQWU\7RGHOHWHVLQJOHFKDUDFWHUVVHOHFW*DWWKHERWWRPULJKWKDQGVLGHRIWKHVSHOOHUDQGSUHVV~RU3UHVVWKHmEXWWRQ7RGHOHWHDQHQWLUHHQWU\VHOHFW*DQGSUHVVDQGKROGWKH~EXWWRQXQWLOWKHHQWLUHHQWU\KDVEHHQGHOHWHGRU3UHVVDQGKROGWKHmEXWWRQXQWLOWKHHQWLUHHQWU\KDVEHHQGHOHWHG&DQFHOOLQJDQHQWU\6HOHFWWKH"LFRQRQWKHOHIWKDQGVLGHLQWKHVSHOOHUDQGSUHVV~RU3UHVVWKH!EXWWRQ7KHDGGUHVVLQSXWPHQXDSSHDUV$FFHSWLQJWKHILUVWOLVWHQWU\3UHVVDQGKROG~XQWLOWKHDGGUHVVLQSXWPHQXDSSHDUV7KHDFFHSWHGOLVWHQWU\DSSHDUVRU,I&20$1'LVDEOHWRXQDPELJXRXVO\DVVLJQWKHFKDUDFWHUVHQWHUHGWRRQHWRZQWKHDGGUHVVHQWU\PHQXDXWRPDWLFDOO\VKRZVWKHVHOHFWHGOLVWHQWU\6ZLWFKLQJWRWKHOLVWZLWKRXWVPDUWVSHOOHU,IWKHUHDUHVHYHUDOHQWULHVIRUDWRZQRULIWKHQDPHLVVWRUHGVHYHUDOWLPHVWKHQ®LVKLJKOLJKWHGLQWKHVSHOOHU3UHVVWKH~EXWWRQ<RXFDQVZLWFKWRWKHOLVWDWDQ\SRLQWGXULQJFKDUDFWHUHQWU\6OLGH}:UHSHDWHGO\XQWLOWKHOLVWLVGLVSOD\HGZLWKRXWWKHVSHOOHURU6HOHFWWKH®LFRQDQGSUHVV~&20$1'FRPSOHWHVWKHHQWU\DVVRRQDVLWFDQEHFOHDUO\LGHQWLILHG,IWKLVLVWKHFDVHWKHYLHZGRHVQRWVZLWFKWRWKHOLVWDQGWKHDGGUHVVHQWU\PHQXDSSHDUV6HOHFWLQJDOLVWHQWU\/LVWRIWRZQV=&XUUHQWO\KLJKOLJKWHGOLVWHQWU\7RVHOHFWDWRZQWXUQ_:`RUVOLGH}:È7RFRQILUP\RXUVHOHFWLRQSUHVV~([DPSOHRIRSHUDWLRQ6ZLWFKLQJWRUDGLRPRGHDQGFDOOLQJXSWKHVWDWLRQOLVW,QLWLDOVLWXDWLRQ<RXZRXOGOLNHWRVZLWFKIURPWKHV\VWHPIXQFWLRQWRUDGLRPRGHDQGFDOOXSWKHVWDWLRQOLVW2SHUDWLQJ&20$1' $WDJODQFH&20$1'B$.%HQ*%GLQVFKP 9HUVLRQ76HLWH
G<RXFDQFDOOXSWKHVWDWLRQOLVWLQ)0UDGLRPRGHDQGLQ'$%UDGLRPRGH6ZLWFKLQJWRWKHFXUUHQWDXGLRRSHUDWLQJPRGHG<RXFDQDOVRFDOOXSWKHFXUUHQWDXGLRRSHUDWLQJPRGHGLUHFWO\E\SUHVVLQJWKH'RUkIXQFWLRQEXWWRQ7RVZLWFKWRWKHPHQXLWHPZLWKPDLQIXQFWLRQVVOLGH}:7RVHOHFWDXGLRWXUQ_:`RUVOLGH{:|7RFRQILUP\RXUVHOHFWLRQSUHVV~7KHEDVLFGLVSOD\RIWKHSUHYLRXVDXGLRRSHUDWLQJPRGHHJDXGLR&'DSSHDUV7KHVHOHFWLRQEDULVLQWKHGLVSOD\VHOHFWLRQZLQGRZ=6HOHFWLRQEDU6ZLWFKLQJWRUDGLRPRGHG<RXFDQDOVRFDOOXSUDGLRPRGHGLUHFWO\E\SUHVVLQJWKH'IXQFWLRQEXWWRQ7RVHOHFW$XGLRDJDLQVOLGH}:7RFRQILUP\RXUVHOHFWLRQSUHVV~7KH$XGLRPHQXDSSHDUV4CFKQLVKLJKOLJKWHG7RFRQILUPWKHUDGLRSUHVV~7KHUDGLREDVLFGLVSOD\DSSHDUV&DOOLQJXSDVWDWLRQOLVW7RVHOHFWWKHUDGLRVOLGH:ÈWRVZLWFKWRWKHORZHUPHQXLWHP7XUQ_:`RUVOLGH{:|XQWLO4CFKQLVKLJKOLJKWHG7RFRQILUP\RXUVHOHFWLRQSUHVV~7KHUDGLRPHQXDSSHDUV5VCVKQPNKUVLVKLJKOLJKWHG7RFRQILUPWKHVWDWLRQOLVWSUHVV~7KHFKDQQHOOLVWDSSHDUV 2SHUDWLQJ&20$1'$WDJODQFHRSWLRQDO&20$1'B$.%HQ*%GLQVFKP 9HUVLRQ76HLWH
([DPSOHGLVSOD\VWDWLRQOLVWLQ'$%UDGLRPRGH7RVHOHFWWKHGHVLUHGVWDWLRQ7XUQ_:`RUVOLGH}:È7RFRQILUP\RXUVHOHFWLRQSUHVV~7KHVHOHFWHGVWDWLRQLVSOD\HG7KHUDGLREDVLFGLVSOD\DSSHDUV%DVLFIXQFWLRQVRI&20$1'G7KH&20$1'FRQWUROVDUHGHVFULEHGRQSDJH$QH[DPSOHRIRSHUDWLRQFDQEHIRXQGRQSDJH6ZLWFKLQJ&20$1'RQRII7XUQRUSUHVVWKHtFRQWURONQRE$ZDUQLQJPHVVDJHDSSHDUV&20$1'FDOOVXSWKHSUHYLRXVO\VHOHFWHGPHQXG,I\RXVZLWFKRII&20$1'SOD\EDFNRIWKHFXUUHQWDXGLRRUYLGHRVRXUFHZLOODOVREHVZLWFKHGRII6RXQG7RVZLWFKRQRIISUHVVWKHKEXWWRQRQ&20$1'RURQWKHPXOWLIXQFWLRQVWHHULQJZKHHO7KHVRXQGIURPWKHUHVSHFWLYHDXGLRRUYLGHRVRXUFHLVVZLWFKHGRQRUPXWHGG:KHQWKHVRXQGLVRIIWKHVWDWXVOLQHGLVSOD\VWKHSLFRQ:KHQ\RXFKDQJHWKHDXGLRRUYLGHRVRXUFHWKHVRXQGVZLWFKHVRQDXWRPDWLFDOO\G<RXZLOOVWLOOKHDUWUDIILFDQQRXQFHPHQWVDQGQDYLJDWLRQV\VWHPDQQRXQFHPHQWVHYHQLIWKHVRXQGLVPXWHG6ZLWFKLQJRIIWKH5DGLR'DWD6\VWHP5'6DQGQDYLJDWLRQDQQRXQFHPHQWVFRPSOHWHO\7UDIILFDQQRXQFHPHQWVSUHVVDQGKROGWKHKEXWWRQXQWLOWKH1LFRQLQWKHVWDWXVEDUJRHVRXW$FRQILUPDWLRQWRQHVRXQGV1DYLJDWLRQDQQRXQFHPHQWVSUHVVWKHKEXWWRQGXULQJWKHDQQRXQFHPHQW6ZLWFKLQJ5DGLR'DWD6\VWHP5'6DQGQDYLJDWLRQDQQRXQFHPHQWVRQDJDLQ7UDIILFDQQRXQFHPHQWVSUHVVDQGKROGGRZQWKHKEXWWRQXQWLOWKH1LFRQLQWKHVWDWXVEDUDSSHDUV$FRQILUPDWLRQWRQHVRXQGV1DYLJDWLRQDQQRXQFHPHQWVSUHVVWKHKEXWWRQDJDLQG7KHQDYLJDWLRQDQQRXQFHPHQWVDUHVZLWFKHGRQDJDLQLI\RXVWDUWDQHZURXWHJXLGDQFHRULI&20$1'LVVZLWFKHGRIIDQGRQZLWKWKHtFRQWURONQRE$GMXVWLQJWKHYROXPH7XUQRUSUHVVWKHtFRQWURONQRERU3UHVVWKHZRU[EXWWRQRQWKHPXOWLIXQFWLRQVWHHULQJZKHHO7KHYROXPHRIWKHFXUUHQWO\VHOHFWHGDXGLRRUYLGHRVRXUFHFKDQJHV<RXFDQDOVRDGMXVWWKHYROXPHIRUWKHIROORZLQJ=7UDIILFDQQRXQFHPHQWV=1DYLJDWLRQDQQRXQFHPHQWV%DVLFIXQFWLRQVRI&20$1' $WDJODQFHRSWLRQDO&20$1'B$.%HQ*%GLQVFKP 9HUVLRQ76HLWH
=3KRQHFDOOV=/LQJXDWURQLFYRLFHFRQWUROVHHWKHVHSDUDWHRSHUDWLQJLQVWUXFWLRQV9ROXPHRIWUDIILFDQGQDYLJDWLRQDQQRXQFHPHQWVG<RXFDQDGMXVWWKHYROXPHRIWUDIILFDQGQDYLJDWLRQDQQRXQFHPHQWVLQGHSHQGHQWO\UHODWLYHWRWKHYROXPHRIWKHDXGLRRUYLGHRVRXUFH'XULQJWUDIILFRUQDYLJDWLRQDQQRXQFHPHQWV7XUQRUSUHVVWKHtFRQWURONQRERU3UHVVWKHZRU[EXWWRQRQWKHPXOWLIXQFWLRQVWHHULQJZKHHO$GMXVWLQJWKHYROXPHIRUWHOHSKRQHFDOOV<RXFDQDGMXVWWKHYROXPHIRUKDQGVIUHHPRGHGXULQJDWHOHSKRQHFDOO7XUQRUSUHVVWKHtFRQWURONQRERU3UHVVWKHZRU[EXWWRQRQWKHPXOWLIXQFWLRQVWHHULQJZKHHO$GMXVWLQJWKHVRXQGVHWWLQJV<RXFDQSURJUDPYDULRXVVRXQGVHWWLQJVIRUWKHGLIIHUHQWDXGLRDQGYLGHRVRXUFHV<RXFDQFDOOXSWKHVRXQGPHQXLQTXHVWLRQIURPWKHPHQXRIWKHGHVLUHGPRGH([DPSOHV=#WFKQT4CFKQT5QWPF=#WFKQT&KUET5QWPF$GMXVWLQJWUHEOHDQGEDVV6HOHFW5QWPFT6TGDNGRU$CUU7KHSUHYLRXVO\VHOHFWHGVHWWLQJLVLQGLFDWHGE\DQHPSW\EDU7RDGMXVWWKHEDVV=/DVWVHWWLQJVHOHFWHG>&XUUHQWVHWWLQJ7RFKDQJHWKHVHWWLQJWXUQ_:`RUVOLGH}:ÈXQWLOWKHGHVLUHGVHWWLQJLVUHDFKHG7RVDYHWKHVHWWLQJSUHVV~7KHVHWWLQJLVVWRUHGDQG\RXH[LWWKHPHQX$GMXVWLQJEDODQFHDQGIDGHU:LWKWKH%DODQFHIXQFWLRQ\RXFDQFRQWUROZKHWKHUWKHVRXQGLVORXGHURQWKHGULYHU¶VRUIURQWSDVVHQJHUVLGH:LWKWKH)DGHIXQFWLRQ\RXFDQFRQWUROZKHWKHUWKHVRXQGLVORXGHULQWKHIURQWRUWKHUHDURIWKHYHKLFOH6HOHFW5QWPFT$CN(CFEDODQFHIDGHU$GMXVWLQJEDODQFHDQGIDGHU=&XUUHQWVHWWLQJ %DVLFIXQFWLRQVRI&20$1'$WDJODQFH&20$1'B$.%HQ*%GLQVFKP 9HUVLRQ76HLWH
7RFKDQJHWKHVHWWLQJWXUQ}:ÈRUVOLGH{:|XQWLOWKHGHVLUHGVHWWLQJLVUHDFKHG7RVWRUHDVHWWLQJSUHVVWKH~EXWWRQ7KHVHWWLQJLVVWRUHGDQG\RXH[LWWKHPHQX6XUURXQGVRXQG,I\RXUYHKLFOHLVHTXLSSHGZLWKWKHKDUPDQNDUGRQ/2*,&6XUURXQG6RXQGV\VWHP\RXFDQFKRRVHEHWZHHQWKH.1)+%sQPDQG.1)+%sQHHVHWWLQJV7KHKDUPDQNDUGRQ/2*,&6XUURXQG6RXQGV\VWHPLVDYDLODEOHIRUWKHIROORZLQJRSHUDWLQJPRGHV=5DGLR)0RQO\='$%UDGLR=$XGLR&'=$XGLR'9'0/3'763&0DQG'ROE\'LJLWDODXGLRIRUPDWV=03LQFOXGLQJ3&0&,$PHPRU\FDUG=0HGLD,QWHUIDFH=79=9LGHR'9'3&0'76DQG'ROE\'LJLWDODXGLRIRUPDWV=$8;%HFDXVHPDQ\'9'VFRQWDLQERWKVWHUHRDQGPXOWLFKDQQHODXGLRIRUPDWVLWPD\EHQHFHVVDU\WRVHWWKHDXGLRIRUPDWSDJHG7KH.1)+%sQPIXQFWLRQFUHDWHVDVXUURXQGVRXQGH[SHULHQFHIRUHYHU\SDVVHQJHUZKHQSOD\LQJIRUH[DPSOHVWHUHRUHFRUGLQJV,WHQDEOHVRSWLPXPSOD\EDFNRIPXVLFDQGILOPVRQ&'DXGLR'9'RUYLGHR'9'ZLWKKLJKUHVROXWLRQVXUURXQGIRUPDWVVXFKDV0/3'76RU'ROE\'LJLWDO7KHUHVXOWLQJDXGLRH[SHULHQFHUHIOHFWVWKDWLQWHQGHGE\WKHVRXQGHQJLQHHUGXULQJWKHRULJLQDOUHFRUGLQJ,QDGGLWLRQ/2*,&PRYHVWKHSHUFHLYHGVRXQGVRXUFHDZD\IURPLQGLYLGXDOVSHDNHUVZKHQSOD\LQJG,I\RXVHOHFW.1)+%sQHHSOD\EDFNRIDOOSHUPLVVLEOHIRUPDWVLVDVVWRUHGRQWKHPHGLXP'XHWRWKHGHVLJQRIWKHSDVVHQJHUFRPSDUWPHQWDQRSWLPXPDXGLRH[SHULHQFHFDQQRWEHJXDUDQWHHGIRUDOOSDVVHQJHUV'LVFVZKLFKVXSSRUWWKHDXGLRIRUPDWVPHQWLRQHGKDYHWKHIROORZLQJORJRV'ROE\'LJLWDO'760/36HWWLQJVXUURXQGVRXQG<RXFDQVHOHFW.1)+%sQPRU.1)+%sQHHLQVXUURXQGVRXQGPRGH6HOHFW5QWPFT&UQWPF%DVLFIXQFWLRQVRI&20$1'$WDJODQFHRSWLRQDO&20$1'B$.%HQ*%GLQVFKP 9HUVLRQ76HLWH
7RVHOHFWWKHVHWWLQJWXUQ_:`RUVOLGH}:È7RVDYHWKHVHWWLQJSUHVV~7KHVHWWLQJLVVWRUHGDQG\RXH[LWWKHPHQX7RH[LWWKHPHQXZLWKRXWVWRULQJSUHVVWKH!EDFNEXWWRQRUVOLGH{:|G3OHDVHEHDUWKHIROORZLQJLQPLQG)RUWKHRSWLPXPDXGLRH[SHULHQFHIRUDOOSDVVHQJHUVZKHQ/2*,&LVVZLWFKHGRQWKHEDODQFHDQGIDGHVKRXOGEHVHWWRWKHFHQWUHRIWKHSDVVHQJHUFRPSDUWPHQW<RXZLOODFKLHYHWKHEHVWVRXQGUHVXOWVE\SOD\LQJKLJKTXDOLW\DXGLRDQGYLGHR'9'V03WUDFNVVKRXOGKDYHDELWUDWHRIDWOHDVWNELWV6XUURXQGVRXQGSOD\EDFNGRHVQRWZRUNIRUPRQRVLJQDOVRXUFHVVXFKDVWKH$0ZDYHEDQGLQUDGLRPRGH,IWKHUDGLRUHFHSWLRQLVSRRUHJLQDWXQQHO\RXVKRXOGVZLWFKRII/2*,&EHFDXVHLWPD\RWKHUZLVHDXWRPDWLFDOO\VZLWFKEHWZHHQVWHUHRDQGPRQRDQGWKHUHIRUHWHPSRUDULO\GLVWRUWWKHVRXQG2QVRPHVWHUHRUHFRUGLQJVWKHVRXQGFKDUDFWHULVWLFVPD\GLIIHUIURPFRQYHQWLRQDOVWHUHRSOD\EDFN5HDUVHDWHQWHUWDLQPHQWV\VWHP&RPSRQHQWV7KHUHDUVHDWHQWHUWDLQPHQWV\VWHPFRPSULVHV=WZRVFUHHQVEHKLQGWKHIURQWVHDWKHDGUHVWUDLQWV=DUHPRWHFRQWURO=D&''9'GULYH=$8;MDFNVRQERWKVFUHHQVGLVSOD\$8;DQGRQWKH&''9'GULYHGULYH$8;=WZRVHWVRIFRUGOHVVKHDGSKRQHV 5HDUVHDWHQWHUWDLQPHQWV\VWHP$WDJODQFHRSWLRQDO&20$1'B$.%HQ*%GLQVFKP 9HUVLRQ76HLWH
5HDUFRPSDUWPHQWVFUHHQV=6RFNHWIRUFRUGHGKHDGSKRQHV>$8;MDFNVIRUDGHWDLOHGYLHZVHH&''9'GULYHSDJH@'LVSOD\B,5UHFHLYHUGLRGHV5HPRWHFRQWURO=7RVZLWFKWKHVFUHHQRQRII>7RVZLWFKWKHEXWWRQOLJKWLQJRQRII@7RVHOHFWWKHVFUHHQULJKWOHIWIRUWKHUHPRWHFRQWUROB7RVHOHFWWKHPHQXRUPHQXLWHPD7RFRQILUPWKHVHOHFWLRQRUVHWWLQJ5HDUVHDWHQWHUWDLQPHQWV\VWHP $WDJODQFHRSWLRQDO&20$1'B$.%HQ*%GLQVFKP 9HUVLRQ76HLWH
E7RVZLWFKVRXQGRQRIIIRUFRUGHGKHDGSKRQHVF7RDGMXVWYROXPHIRUFRUGHGKHDGSKRQHVG7RVNLSDWUDFNIDVWIRUZDUGUHZLQGH7RVHOHFWDWUDFNGLUHFWHQWU\I7RH[LWDPHQXEDFN6HOHFWLQJDVFUHHQIRUUHPRWHRSHUDWLRQ7KHUHPRWHFRQWURODOORZV\RXWRRSHUDWHRQHRIWKHWZRUHDUFRPSDUWPHQWVFUHHQV7RGRVR\RXZLOOQHHGWRVZLWFKWKHUHPRWHFRQWUROWRWKHFRUUHVSRQGLQJVFUHHQ7RVHOHFWWKHOHIWKDQGVFUHHQWXUQWKXPEZKHHO@XQWLO5($5/LVKLJKOLJKWHGLQWKHZLQGRZ7RVHOHFWWKHULJKWKDQGVFUHHQWXUQWKXPEZKHHO@XQWLO5($55LVKLJKOLJKWHGLQWKHZLQGRZ6ZLWFKLQJWKHVFUHHQRQRIIG,IWKHNH\LQWKHLJQLWLRQORFNLVLQSRVLWLRQRUQYHKLFOH2ZQHUV0DQXDORULIWKHNH\LVQRWLQWKHLJQLWLRQORFNWKHVZLWFKHGRQUHDUFRPSDUWPHQWVFUHHQVZLOOVZLWFKRIIDIWHUPLQXWHV%HIRUHWKHVFUHHQVVZLWFKRIIWKH\VKRZDPHVVDJHWRWKLVHIIHFW<RXFDQVZLWFKWKHVFUHHQVEDFNRQ+RZHYHUWKLVZLOOGLVFKDUJHWKHYHKLFOHEDWWHU\3RLQWWKHUHPRWHFRQWURODWWKHUHDUFRPSDUWPHQWVFUHHQVHOHFWHGIRUUHPRWHRSHUDWLRQ3UHVVEXWWRQ=RQWKHUHPRWHFRQWURO7KHFRUUHVSRQGLQJUHDUFRPSDUWPHQWVFUHHQLVVZLWFKHGRQRURIIG7KHVFUHHQFDQRQO\EHVZLWFKHGRQXVLQJWKHUHPRWHFRQWUROZKHQWKHLJQLWLRQLVVZLWFKHGRQ6ZLWFKLQJWKHEXWWRQOLJKWLQJRQRII3UHVVEXWWRQ>RQWKHUHPRWHFRQWURO'HSHQGLQJRQWKHSUHYLRXVVWDWHWKHEXWWRQOLJKWLQJLVVZLWFKHGRQRURIIG,I\RXGRQRWXVHWKHUHPRWHFRQWUROIRUVHFRQGVWKHEXWWRQOLJKWLQJVZLWFKHVRIIDXWRPDWLFDOO\6ZLWFKLQJWKHVRXQGRQRIIFRUGHGKHDGSKRQHVRQO\3UHVVEXWWRQERQWKHUHPRWHFRQWURO7KHVRXQGLVRQRURII6HOHFWLQJDPHQXPHQXLWHPDQGFRQILUPLQJWKHVHOHFWLRQ7RVHOHFWDPHQXPHQXLWHPSUHVVDUURZEXWWRQVB7RFRQILUPWKHVHOHFWLRQSUHVVEXWWRQD&''9'GULYHDQG$8;MDFNV7KH&''9'GULYHLVORFDWHGLQWKHFHQWUHEHKLQGWKHIURQWVHDWV2SHQWKH&''9'GULYHE\VOLGLQJWKHFRYHUXSZDUGV=&''9'VORW>$8;ULJKWKDQG5MDFNIRUDXGLRVLJQDOUHG@$8;OHIWKDQG/MDFNIRUDXGLRVLJQDOZKLWHB$8;MDFNIRUYLGHRVLJQDO9\HOORZD&''9'HMHFWEXWWRQ7KH$8;MDFNVVKRZQDUHWKRVHIRUWKHGULYH$8;,GHQWLFDOMDFNVFDQEHIRXQGRQWKHULJKWKDQGVLGHRIWKHUHDUFRPSDUWPHQWVFUHHQVGLVSOD\$8;SDJH 5HDUVHDWHQWHUWDLQPHQWV\VWHP$WDJODQFHRSWLRQDO&20$1'B$.%HQ*%GLQVFKP 9HUVLRQ76HLWH
&RUGOHVVKHDGSKRQHV=9ROXPHFRQWURO>7RVHOHFWDVFUHHQIRUWKHKHDGSKRQHV@%DWWHU\FRPSDUWPHQWFRYHUB7RVZLWFKWKHFRUGOHVVKHDGSKRQHVRQRIID,QGLFDWRUODPSGLIIHULQJGLVSOD\V8QFOLSERWKVLGHVRIWKHKHDGSKRQHVDQGDGMXVWWKHVL]HRIWKHKHDGSKRQHVE\SXOOLQJWKHKHDGSKRQHEDQGLQWKHGLUHFWLRQRIWKHDUURZ6ZLWFKLQJWKHFRUGOHVVKHDGSKRQHVRQRII3UHVVWKHBEXWWRQ'HSHQGLQJRQWKHSUHYLRXVVWDWXVWKHKHDGSKRQHVDUHVZLWFKHGRQRURII7RSUHVHUYHWKHEDWWHULHVWKHKHDGSKRQHVDXWRPDWLFDOO\VZLWFKRIILIWKH\KDYHQRWUHFHLYHGDQ,5VLJQDOIRUDERXWWKUHHPLQXWHV$GMXVWLQJWKHYROXPHRIWKHKHDGSKRQHV7XUQYROXPHFRQWURO=XQWLOWKHGHVLUHGYROXPHKDVEHHQVHWG,I\RXKDYHFRQQHFWHGFRUGHGKHDGSKRQHVWRDUHDUFRPSDUWPHQWVFUHHQ\RXFDQDGMXVWWKHYROXPHE\SUHVVLQJEXWWRQVFRQWKHUHPRWHFRQWUROSDJH6HOHFWLQJDVFUHHQIRUWKHKHDGSKRQHV3XVKVOLGHU>WR/OHIWKDQGVFUHHQRU5ULJKWKDQGVFUHHQ,QGLFDWRUODPSGLVSOD\V'LVSOD\ 6WDWH*UHHQ 7KHKHDGSKRQHVDUHVZLWFKHGRQDQGWKHEDWWHULHVDUHIXOO5HG 7KHKHDGSKRQHVDUHVZLWFKHGRQDQGWKHEDWWHULHVDUHDOPRVWGLVFKDUJHG1RGLVSOD\GDUN 7KHKHDGSKRQHVDUHVZLWFKHGRIIRUWKHEDWWHULHVDUHGLVFKDUJHGLQFRUUHFWO\RUQRWLQVHUWHG-DFNVIRUDGGLWLRQDOKHDGSKRQHV<RXFDQFRQQHFWDQDGGLWLRQDOVHWRIFRUGHGKHDGSKRQHVWRHDFKUHDUFRPSDUWPHQWVFUHHQSDJH6RFNHW=LVGHVLJQHGIRUKHDGSKRQHVZLWKDPPVWHUHRMDFNSOXJDQGDQLPSHGDQFHRIRKPV&KDQJLQJWKHEDWWHULHV%RWKWKHUHPRWHFRQWURODQGWKHWZRVHWVRIFRUGOHVVKHDGSKRQHVUHTXLUHEDWWHULHV&KDQJLQJWKHEDWWHULHVSDJH5HDUVHDWHQWHUWDLQPHQWV\VWHP $WDJODQFHRSWLRQDO&20$1'B$.%HQ*%GLQVFKP 9HUVLRQ76HLWH
)XQFWLRQV7KH5HDU6HDW(QWHUWDLQPHQW6\VWHPVHFWLRQFRQWDLQVLQIRUPDWLRQRQWKHIROORZLQJWRSLFV=JHQHUDOLQIRUPDWLRQSDJH=EDVLFIXQFWLRQVSDJH=V\VWHPVHWWLQJVSDJH=DXGLR&'DXGLR'9'DQG03PRGHSDJH=YLGHR'9'RSHUDWLRQSDJH=$8;PRGHSDJH5HYHUVLQJFDPHUD5LVNRIDFFLGHQW7KHUHYHUVLQJFDPHUDLVGHVLJQHGWRDVVLVW\RXZKHQUHYHUVLQJ3OHDVHREVHUYHWKHFRUUHVSRQGLQJVDIHW\QRWHVLQ\RXUYHKLFOHV2ZQHUV0DQXDO&RQGLWLRQVIRUGLVSOD\LQJWKHUHYHUVLQJFDPHUDVLPDJHRQWKH&20$1'GLVSOD\=WKHYHKLFOHLVHTXLSSHGZLWKDUHYHUVLQJFDPHUD=&20$1'LVVZLWFKHGRQ7KHUHYHUVLQJFDPHUDVLPDJHDSSHDUVDXWRPDWLFDOO\RQWKH&20$1'GLVSOD\ZKHQ\RXHQJDJHUHYHUVHJHDU,IWKHIXQFWLRQLVDFWLYDWHGWKH&20$1'GLVSOD\ZLOODXWRPDWLFDOO\VZLWFKEDFNWRWKHSUHYLRXVO\VHOHFWHGYLHZDVVRRQDV\RXVKLIWRXWRIUHYHUVHJHDU6KRZLQJKLGLQJWKHUHYHUVLQJFDPHUDLPDJH&DOOXSWKHV\VWHPPHQXSDJH6HOHFW5GVVKPIUT4GXGTUKPIECOGTC6HOHFW#WVQOQPKPTGXGTUGIGCT7KHIXQFWLRQLVVZLWFKHGRQRRURII¬GHSHQGLQJRQWKHSUHYLRXVVWDWXV5HYHUVLQJFDPHUD$WDJODQFHRSWLRQDO&20$1'B$.%HQ*%GLQVFKP 9HUVLRQ76HLWH
0HQXRYHUYLHZ 'LVSOD\VHWWLQJV 7LPHVHWWLQJV 5HDGDORXGVHWWLQJV /LQJXDWURQLFVHWWLQJ 6ZLWFKLQJ%OXHWRRWKRQRURII 6\VWHPODQJXDJHVHWWLQJV 5HVHW 6\VWHPVHWWLQJV&20$1'B$.%HQ*%GLQVFKP 9HUVLRQ76HLWH
0HQXRYHUYLHZ&DOOLQJXSWKHV\VWHPPHQX3UHVVWKHlIXQFWLRQEXWWRQRU6HOHFW5[UVGOLQWKHPDLQIXQFWLRQVPHQXEDU7KHV\VWHPPHQXDSSHDUV6\VWHPPHQX0HQXRYHUYLHZ6HWWLQJV 7LPH 'LVSOD\RII'LVSOD\VHWWLQJV 6HWWLQJWKHWLPH 6ZLWFKLQJRIIWKHGLVSOD\7H[WUHDGHUVHWWLQJV 6HWWLQJWKHIRUPDW/LQJXDWURQLFVHWWLQJV 6HWWLQJWKHWLPH]RQH6HWWLQJWKHODQJXDJH$FWLYDWLQJGHDFWLYDWLQJ%OXHWRRWK5HVHWWLQJ&20$1'6HOHFW5GVVKPIU,I\RXUYHKLFOHLVHTXLSSHGZLWKDUHYHUVLQJFDPHUD\RXFDQDOVRVHOHFWWKH4GCTXKGYECOGTCPHQXLWHP,IWKHIXQFWLRQLVDFWLYHDQG&20$1'LVDFWLYDWHGWKHUHYHUVLQJFDPHUDVLPDJHLVDXWRPDWLFDOO\UHOD\HGWRWKH&20$1'GLVSOD\ZKHQ\RXHQJDJHUHYHUVHJHDU6ZLWFKLQJWKHGLVSOD\RQRII7RVZLWFKWKHGLVSOD\RIIVHOHFW5[UVGOT&KURNC[QHH7KHGLVSOD\LVVZLWFKHGRII7RVZLWFKGLVSOD\RQSUHVV~RUWXUQ_:`RU3UHVVWKHtEXWWRQ7KHV\VWHPPHQXDSSHDUVG<RXFDQDOVRSUHVVRQHRIWKHIXQFWLRQEXWWRQVHJWKHlRUkEXWWRQ7KLVWXUQVRQWKHGLVSOD\DQGVZLWFKHVWRWKHFRUUHVSRQGLQJIXQFWLRQ 0HQXRYHUYLHZ6\VWHPVHWWLQJVRSWLRQDO&20$1'B$.%HQ*%GLQVFKP 9HUVLRQ76HLWH
'LVSOD\VHWWLQJV6HWWLQJWKHEULJKWQHVVG7KHEULJKWQHVVGHWHFWHGE\WKH&20$1'OLJKWVHQVRUDIIHFWVWKHVHWWLQJRSWLRQVIRUWKLVIXQFWLRQ6HOHFW5[UVGOT&KURNC[T$TKIJVPGUU=7KHQHHGOHSRLQWVWRWKHFXUUHQWVHWWLQJ7RVHWWKHEULJKWQHVVWXUQ_:`RUVOLGH}:È7KHQHHGOHPRYHVXSRUGRZQ7RFRQILUP\RXUVHOHFWLRQSUHVV~'LVSOD\GHVLJQ6HOHFW5[UVGOT&KURNC[6HOHFW&C[FGUKIP0KIJVFGUKIPRU#WVQOCVKE7KH¹LFRQLQGLFDWHVWKHFXUUHQWVHWWLQJG,QWKH#WVQOCVKEVHWWLQJ&20$1'HYDOXDWHVWKHDXWRPDWLFYHKLFOHOLJKWVHQVRUZLWKUHJDUGWRGLIIHUHQWOLJKWFRQGLWLRQVDQGVZLWFKHVEHWZHHQWKHGLVSOD\GHVLJQVDXWRPDWLFDOO\7LPHVHWWLQJV6HWWLQJWKHWLPHG7KHFRUUHFWWLPHPXVWEHVHWIRUWKHIROORZLQJQDYLJDWLRQV\VWHPIXQFWLRQVWRRSHUDWHFRUUHFWO\=URXWHJXLGDQFHRQURXWHVZLWKWLPHGHSHQGHQWWUDIILFJXLGDQFH=FDOFXODWLRQRIH[SHFWHGWLPHRIDUULYDO6HOHFW5[UVGOT6KOGT5GVVKOG=7RVHWWKHWLPH>&XUUHQWGDWH7RVHWWKHWLPHWXUQ_:`RUVOLGH}:È7RFRQILUPWKHVHWWLQJVSUHVV~G,I\RXVHWWKHWLPHLQPLQXWHLQFUHPHQWVDQ\WLPH]RQHVHWWLQJVDQGVHWWLQJVIRUFKDQJLQJEHWZHHQVXPPHUDQGVWDQGDUGWLPHDUHORVWSDJH6HWWLQJWKHGDWHWLPHIRUPDW6HOHFW5[UVGOT6KOGT(QTOCV7KHIRUPDWOLVWDSSHDUV7KH¹V\PEROVVKRZWKHFXUUHQWVHWWLQJVG7KHDEEUHYLDWLRQVPHDQ'DWHIRUPDW=&&GD\=//PRQWK=;;;;\HDU7LPHVHWWLQJV 6\VWHPVHWWLQJV&20$1'B$.%HQ*%GLQVFKP 9HUVLRQ76HLWH
&ORFNIRUPDW=**KRXU=//PLQXWH7KLVVHWWLQJDSSOLHVIRUERWKWKHKRXUDQGWKH$030IRUPDW7RFKDQJHWKHIRUPDWWXUQ_:`RUVOLGH}:È7RFRQILUPWKHFKDQJHSUHVV~6HWWLQJWKHWLPH]RQHDQGVZLWFKLQJEHWZHHQVXPPHUDQGVWDQGDUGWLPHG7KHFRUUHFWWLPH]RQHDQGVXPPHUVWDQGDUGWLPHPXVWEHVHWIRUWKHIROORZLQJQDYLJDWLRQV\VWHPIXQFWLRQVWRRSHUDWHFRUUHFWO\=URXWHJXLGDQFHRQURXWHVZLWKWLPHGHSHQGHQWWUDIILFJXLGDQFH=FDOFXODWLRQRIH[SHFWHGWLPHRIDUULYDO7RVHWWKHWLPH]RQH5[UVGOT6KOGT6KOG\QPG7KHFRXQWU\OLVWDSSHDUV7KHGRWLQGLFDWHVWKHFXUUHQWVHWWLQJ6HOHFWWKHFRXQWU\LQZKLFK\RXDUHFXUUHQWO\GULYLQJ$WLPH]RQHOLVWLVDOVRGLVSOD\HGGHSHQGLQJRQWKHFRXQWU\VHOHFWHG6HOHFWWKHGHVLUHGWLPH]RQH6XEVHTXHQWRSHUDWLRQGHSHQGVRQ=ZKHWKHU\RXUQDYLJDWLRQV\VWHPKDV*36UHFHSWLRQ=ZKLFKFRXQWU\\RXKDYHSUHYLRXVO\VHW<RXPD\HLWKHU=VZLWFKEHWZHHQ5WOOGTVKOGDQG9KPVGTVKOGPDQXDOO\LQDOLVWRU=DFWLYDWHGHDFWLYDWHDXWRPDWLFVXPPHUWRVWDQGDUGWLPHFKDQJHRYHUDQGYLFHYHUVD7RVZLWFKPDQXDOO\VHOHFW5WOOGTVKOGRU9KPVGTVKOG7KHGRWLQGLFDWHVWKHFXUUHQWVHWWLQJ7RDFWLYDWHGHDFWLYDWHDXWRPDWLFWLPHFKDQJHRYHUVHOHFW#WVQO5WOOGT9KPVGTVKOGQPRU#WVQO5WOOGT9KPVGTVKOGQHH7KHGRWLQGLFDWHVWKHFXUUHQWVHWWLQJ7RVWRUHWKHVHWWLQJDQGH[LWWKHPHQXSUHVV~7RH[LWWKHPHQXZLWKRXWVWRULQJSUHVVWKH!EDFNEXWWRQRUVOLGH{:|G,I\RXKDYHVZLWFKHGRIIWKHDXWRPDWLFFKDQJHRYHUIXQFWLRQ\RXPXVWFKDQJHIURPVXPPHUWRVWDQGDUGWLPHDQGYLFHYHUVDPDQXDOO\XVLQJWKH6HWWLPHIXQFWLRQSDJH5HDGDORXGVHWWLQJV6HWWLQJWKHUHDGDORXGVSHHG6HOHFW5[UVGOT5GVVKPIUT6GZVTGCFGTURGGF7KHOLVWRIDYDLODEOHVHWWLQJVDSSHDUV7KHGRWLQGLFDWHVWKHFXUUHQWVHWWLQJ7RVHOHFWWKHVHWWLQJWXUQ_:`RUVOLGH}:È7RFRQILUP\RXUVHOHFWLRQSUHVV~/LQJXDWURQLFVHWWLQJ6ZLWFKLQJWKHKHOSZLQGRZRQRURII6HOHFW5[UVGOT5GVVKPIUT.KPIWCVTQPKE6HOHFW*GNRYKPFQY<RXKDYHVZLWFKHGWKHKHOSZLQGRZRQRRURII¬/LQJXDWURQLFVHWWLQJ6\VWHPVHWWLQJV&20$1'B$.%HQ*%GLQVFKP 9HUVLRQ76HLWH
G$VZHOODVWKHDFRXVWLFLQVWUXFWLRQVWKHKHOSZLQGRZVKRZV\RXIXUWKHULQIRUPDWLRQGXULQJLQGLYLGXDOLVDWLRQDQGODWHUGXULQJYRLFHFRQWURO,QGLYLGXDOLVDWLRQ8VLQJLQGLYLGXDOLVDWLRQ\RXFDQILQHWXQH/LQJXDWURQLFLQGLYLGXDOO\WR\RXURZQYRLFHDQGWKXVLPSURYHYRLFHUHFRJQLWLRQ7KLVPHDQVWKDWRWKHUXVHUVYRLFHVZLOOQRWEHUHFRJQLVHGDVHDVLO\DQGWKHUHIRUHWKLVIXQFWLRQFDQEHVZLWFKHGRIISDJH,QGLYLGXDOLVDWLRQFRQVLVWVRIWZRSDUWVDQGODVWVDERXWILYHPLQXWHV,WLQYROYHVWUDLQLQJWKHV\VWHPLQDFHUWDLQQXPEHURIQXPHULFDOVHTXHQFHVDQGYRLFHFRPPDQGV6WDUWLQJQHZLQGLYLGXDOLVDWLRQG,WLVRQO\SRVVLEOHWRVWDUWLQGLYLGXDOLVDWLRQZKHQWKHYHKLFOHLVVWDWLRQDU\%HIRUHVWDUWLQJVZLWFKRIIDOOGHYLFHVRUIXQFWLRQVZKLFKFRXOGLQWHUIHUHVXFKDVWKHUDGLRRUWKHQDYLJDWLRQV\VWHP$IWHUVWDUWLQJWKHVHVVLRQWKHV\VWHPJXLGHV\RXWKURXJKWKHWUDLQLQJZLWKVSRNHQLQVWUXFWLRQV6HOHFW5[UVGOT5GVVKPIUT.KPIWCVTQPKET5VCTVPGYKPFKXKFWCNKUCVKQP<RXVHHDQGKHDUDSURPSWDVNLQJZKHWKHU\RXZRXOGOLNHIXUWKHULQIRUPDWLRQ6HOHFW;GURU0Q,I\RXVHOHFW0QWKHILUVWSDUWRILQGLYLGXDOLVDWLRQEHJLQV<RXKHDUDSURPSWDVNLQJZKHWKHU\RXZRXOGOLNHWRWUDLQWKHV\VWHPLQQXPEHUVRULQYRLFHFRPPDQGV$IWHUVHOHFWLQJ;GU\RXVHHDQLQIRUPDWLRQGLVSOD\DQGKHDULQIRUPDWLRQUHJDUGLQJWKHLQGLYLGXDOLVDWLRQSURFHVV7KHILUVWSDUWRILQGLYLGXDOLVDWLRQWKHQEHJLQVDXWRPDWLFDOO\RU7RFORVHWKHGLVSOD\SUHVV~<RXKHDUDSURPSWDVNLQJZKHWKHU\RXZRXOGOLNHWRWUDLQWKHV\VWHPLQQXPEHUVRULQYRLFHFRPPDQGV$WWKHHQGRIWKHILUVWSDUW\RXZLOOVHHDSURPSWDVNLQJZKHWKHU\RXZLVKWREHJLQWKHVHFRQGSDUW6HOHFW;GURU0Q,I\RXVHOHFW0QLQGLYLGXDOLVDWLRQZLOOEHFDQFHOOHG7KHGDWDIURPWKHILUVWSDUWLVVWRUHGDXWRPDWLFDOO\,I\RXVHOHFW;GUWKHVHFRQGSDUWZLOOEHJLQ,QGLYLGXDOLVDWLRQLVFRPSOHWHGDWWKHHQGRIWKHVHFRQGSDUW<RXZLOOVHHDPHVVDJHWRWKLVHIIHFW7KHGDWDIURPWKHVHFRQGSDUWLVVWRUHGDXWRPDWLFDOO\/LQJXDWURQLFVHWWLQJ 6\VWHPVHWWLQJV&20$1'B$.%HQ*%GLQVFKP 9HUVLRQ76HLWH
&DQFHOOLQJWKHILUVWRUVHFRQGSDUWRILQGLYLGXDOLVDWLRQ6HOHFW%CPEGN$SURPSWDSSHDUVDVNLQJZKHWKHU\RXUHDOO\GRZLVKWRFDQFHO6HOHFW;GURU0Q,I\RXVHOHFW;GULQGLYLGXDOLVDWLRQZLOOEHFDQFHOOHG7KHGDWDIURPWKHFXUUHQWSDUWLVQRWVWRUHG,I\RXVHOHFW0QWKHFXUUHQWSDUWEHJLQVDJDLQ'HOHWLQJH[LVWLQJLQGLYLGXDOLVDWLRQGDWD6HOHFW5[UVGOT5GVVKPIUT.KPIWCVTQPKET&GNGVGKPFKXKFWCNKUCVKQP$SURPSWDSSHDUVDVNLQJZKHWKHU\RXUHDOO\ZLVKWRGHOHWH6HOHFW;GURU0Q7KHLQGLYLGXDOLVDWLRQGDWDZLOOHLWKHUEHGHOHWHGRUQRWGHSHQGLQJRQ\RXUVHOHFWLRQ<RXZLOOVHHDPHVVDJHWRWKLVHIIHFW6ZLWFKLQJLQGLYLGXDOLVDWLRQRQDQGRII6HOHFW5[UVGOT5GVVKPIUT.KPIWCVTQPKET+PFKXKFWCNKUCVKQPQP<RXKDYHVZLWFKHGLQGLYLGXDOLVDWLRQRQRRURII¬6ZLWFKLQJ%OXHWRRWKRQRURII*HQHUDOLQIRUPDWLRQDERXW%OXHWRRWKG%OXHWRRWKFDSDEOHGHYLFHVPXVWFRUUHVSRQGWRDSDUWLFXODUSURILOHWREHFRQQHFWHGWR&20$1'(YHU\%OXHWRRWKGHYLFHKDVLWVRZQVSHFLILF%OXHWRRWKQDPH%OXHWRRWKWHFKQRORJ\LVWKHVWDQGDUGIRUVKRUWUDQJHZLUHOHVVGDWDWUDQVPLVVLRQRIXSWRDSSUR[LPDWHO\PHWUHV%OXHWRRWKFDQEHXVHGWRH[FKDQJHY&DUGVIRUH[DPSOH%OXHWRRWKLVDUHJLVWHUHGWUDGHPDUNRIWKH%OXHWRRWK6SHFLDO,QWHUHVW*URXS6,*,QF$FWLYDWLQJGHDFWLYDWLQJ%OXHWRRWK6HOHFW5[UVGOT5GVVKPIUT$NWGVQQVJT#EVKXCVG$NWGVQQVJ7KLVVZLWFKHV%OXHWRRWKRQRRURII¬6\VWHPODQJXDJHVHWWLQJV7KLVIXQFWLRQDOORZV\RXWRGHWHUPLQHWKHODQJXDJHIRUWKHPHQXGLVSOD\VDQGWKHQDYLJDWLRQPHVVDJHV6HOHFW5[UVGOT5[UVGOUGVVKPIUT.CPIWCIG7KHOLVWRIODQJXDJHVDSSHDUV7KHGRWLQGLFDWHVWKHFXUUHQWVHWWLQJ7RVHOHFWDODQJXDJHWXUQ_:`RUVOLGH}:È7KHVHOHFWLRQPRYHVXSDQGGRZQ 6\VWHPODQJXDJHVHWWLQJV6\VWHPVHWWLQJV&20$1'B$.%HQ*%GLQVFKP 9HUVLRQ76HLWH
7RFRQILUPWKHODQJXDJHVHOHFWLRQSUHVV~&20$1'ORDGVWKHVHOHFWHGODQJXDJHDQGVHWVLWG7KHODQJXDJHVHOHFWLRQDIIHFWVWKHLQSXWRSWLRQVLQWKHHGLWLQJDQGVPDUWVSHOOHUG,I\RXFKDQJHWKHV\VWHPODQJXDJHWKHODQJXDJHIRU/LQJXDWURQLFZLOOEHDOVREHFKDQJHG,IWKHVHOHFWHGODQJXDJHLVQRWVXSSRUWHGE\/LQJXDWURQLF(QJOLVKZLOOEHVHOHFWHG7RFDQFHOODQJXDJHVHOHFWLRQVOLGH{:|5HVHWG<RXFDQUHVHW&20$1'WRWKHIDFWRU\VHWWLQJV$PRQJVWRWKHUWKLQJVWKLVZLOOGHOHWHDOOSHUVRQDOGDWDHJSKRQHQXPEHUVVWDWLRQSUHVHWVDGGUHVVERRNHQWULHVHQWULHVLQWKHGHVWLQDWLRQPHPRU\HQWULHVLQWKH0XVLF5HJLVWHUDQGLQWKHOLVWRISUHYLRXVGHVWLQDWLRQVLQWKHQDYLJDWLRQV\VWHP5HVHWWLQJLVUHFRPPHQGHGEHIRUHVHOOLQJRUWUDQVIHUULQJRZQHUVKLSRI\RXUYHKLFOHIRUH[DPSOHG'DWDRQWKHLQWHUQDOKDUGGULYHHJPXVLFILOHVLQWKH0XVLF5HJLVWHUZLOOQRWEHGHOHWHG<RXFDQGHOHWHWKHVHPXVLFILOHVIURPWKH0XVLF5HJLVWHUXVLQJWKH'HOHWHDOOPXVLFILOHVSDJHIXQFWLRQ6HOHFW5[UVGOT5GVVKPIUT4GUGV$SURPSWDSSHDUVDVNLQJZKHWKHU\RXZLVKWRUHVHW6HOHFW;GURU0Q,I\RXVHOHFW;GUDSURPSWZLOODSSHDUDJDLQDVNLQJZKHWKHU\RXUHDOO\ZLVKWRUHVHW6HOHFW;GURU0Q,I\RXVHOHFW;GUDPHVVDJHZLOOEHVKRZQ&20$1'LVUHVHWDQGUHVWDUWHG5HVHW 6\VWHPVHWWLQJV&20$1'B$.%HQ*%GLQVFKP 9HUVLRQ76HLWH
&20$1'B$.%HQ*%GLQVFKP 9HUVLRQ76HLWH

Navigation menu