Mitsubishi Electric Sanda Works NTG55HUE HEADUNIT A-ENTRY User Manual 2

Mitsubishi Electric Corporation Sanda Works HEADUNIT A-ENTRY 2

Contents

User Manual_2

7RVHOHFW&&RQQHFW'HYLFHWXUQWKHFRQWUROOHUDQGSUHVVWRFRQILUP7KHGHYLFHOLVWLVGLVSOD\HG7RVHOHFWWKHGHVLUHGPRELOHSKRQHWXUQDQGSUHVVWKHFRQWUROOHU7KHVHOHFWHGPRELOHSKRQHLVVHDUFKHGIRUDQGFRQQHFWHGLILWLVZLWKLQ%OXHWRRWKUDQJHDQGLI%OXHWRRWKLVDFWLYDWHG2QO\RQHPRELOHSKRQHFDQEHFRQQHFWHGDWDQ\RQHWLPH7KHFXUUHQWO\FRQQHFWHGPRELOHSKRQHLVLQGLFDWHGE\WKH;GRWLQWKHGHYLFHOLVWG<RXFDQRQO\VZLWFKWRDQRWKHUDXWKRUL]HGPRELOHSKRQHLI\RXDUHQRWFXUUHQWO\PDNLQJDFDOO'HDXWKRUL]LQJGLVFRQQHFWLQJDPRELOHSKRQH0HUFHGHV%HQ]86$//&UHFRPPHQGVGHDXWKRUL]DWLRQLQ$XGLRDVZHOODVLQWKHPRELOHSKRQH6XEVHTXHQWDXWKRUL]DWLRQPD\RWKHUZLVHIDLO7RFDOOXSWKHWHOHSKRQHPHQXSUHVVWKH+EXWWRQ7RVKRZWKHPHQXEDUVOLGHWKHFRQWUROOHU7RVHOHFW&RQQHFW'HYLFHWXUQWKHFRQWUROOHUDQGSUHVVWRFRQILUP7RKLJKOLJKWWKHGHVLUHGPRELOHSKRQHLQWKHGHYLFHOLVWWXUQWKHFRQWUROOHU7RVHOHFW*VOLGHWKHFRQWUROOHU7RVHOHFW'HDXWKRUL]HWXUQDQGSUHVVWKHFRQWUROOHU$SURPSWDSSHDUVDVNLQJZKHWKHU\RXUHDOO\ZLVKWRGHDXWKRUL]HWKLVGHYLFH7RVHOHFW<HVWXUQDQGSUHVVWKHFRQWUROOHU7KHPRELOHSKRQHLVGHDXWKRUL]HGG%HIRUHUHDXWKRUL]LQJWKHPRELOHSKRQH\RXVKRXOGDOVRGHOHWHWKHGHYLFHQDPH0%%OXHWRRWKIURP\RXUPRELOHSKRQHV%OXHWRRWKOLVW'LVSOD\LQJFRQQHFWLRQGHWDLOV7RFDOOXSWKHWHOHSKRQHPHQXSUHVVWKH+EXWWRQ7RVZLWFKWRWKHPHQXEDULQWKHWHOHSKRQHPHQXVOLGHWKHFRQWUROOHU7RVHOHFW&RQQHFW'HYLFHWXUQWKHFRQWUROOHUDQGSUHVVWRFRQILUP7RKLJKOLJKWWKHGHVLUHGPRELOHSKRQHLQWKHGHYLFHOLVWWXUQWKHFRQWUROOHU7RVHOHFW*VOLGHWKHFRQWUROOHU7RVHOHFW'HWDLOVWXUQDQGSUHVVWKHFRQWUROOHU7KHIROORZLQJLQIRUPDWLRQFRQFHUQLQJWKHVHOHFWHGPRELOHSKRQHLVVKRZQ=%OXHWRRWKGHYLFHQDPH=%OXHWRRWKDGGUHVV=DYDLODELOLW\VWDWXVVKRZQDIWHUDQHZVHDUFK=DXWKRUL]DWLRQVWDWXV7RFORVHWKHGHWDLOHGGLVSOD\VOLGHWKHFRQWUROOHU5HFHSWLRQDQGWUDQVPLVVLRQYROXPH2QFHWKHPRELOHSKRQHKDVEHHQDXWKRUL]HG\RXFDQRSWLPL]HWKHWUDQVPLVVLRQDQGUHFHSWLRQYROXPHVHWWLQJV)LQGRXWPRUHDERXWWKHRSWLPXPVHWWLQJVIRU\RXUPRELOHSKRQHRQOLQHDWKWWSZZZPEXVDPRELOHFRP2UFDOOWKH0HUFHGHV%HQ]&XVWRPHU$VVLVWDQFHFHQWHUDW)250(5&HGHV86$RU&XVWRPHU5HODWLRQVDW&DQDGD 5HFHSWLRQDQGWUDQVPLVVLRQYROXPH7HOHSKRQH
7RFDOOXSWKHWHOHSKRQHPHQXSUHVVWKH+EXWWRQ7RVZLWFKWRWKHPHQXEDUVOLGHWKHFRQWUROOHU7RVHOHFW&&RQQHFW'HYLFHWXUQWKHFRQWUROOHUDQGSUHVVWRFRQILUP7KHGHYLFHOLVWDSSHDUV7RKLJKOLJKWWKHGHVLUHGPRELOHSKRQHLQWKHGHYLFHOLVWWXUQWKHFRQWUROOHU7RVHOHFW*VOLGHWKHFRQWUROOHU7RVHOHFW5HFHSWLRQ9ROXPHRU7UDQVњPLVVLRQ9ROXPHWXUQDQGSUHVVWKHFRQWUROOHU7RVHOHFWDYROXPHVHWWLQJWXUQWKHFRQWUROOHU7RDFFHSWFKDQJHVSUHVVWKHFRQWUROOHUG,QFRUUHFWVHWWLQJVPD\KDYHDQLPSDFWRQWKHTXDOLW\RIFDOOV8VLQJWKHWHOHSKRQH$FFHSWLQJDFDOO7RVHOHFW$FFHSWSUHVVWKHFRQWUROOHURU3UHVVaRQWKHPXOWLIXQFWLRQVWHHULQJZKHHO7KHFDOOLVDFFHSWHG$GGLWLRQDOIXQFWLRQVDYDLODEOHGXULQJDFDOOSDJH$GMXVWLQJWKHFDOOYROXPHSDJH)XUWKHULQIRUPDWLRQDERXWHQGLQJDFDOOSDJHG<RXFDQDOVRDFFHSWWKHFDOOE\YRLFHFRPPDQGXVLQJWKH9RLFH&RQWURO6\VWHPVHHWKHVHSDUDWHRSHUDWLQJLQVWUXFWLRQVG,IWKHSKRQHQXPEHURIWKHFDOOHULVWUDQVIHUUHGLWDSSHDUVLQWKHGLVSOD\,IWKHSKRQHQXPEHULVVDYHGLQWKHSKRQHERRNWKHFRQWDFWVQDPHLVDOVRGLVSOD\HG,IWKHSKRQHQXPEHULVQRWWUDQVIHUUHG8QNQRZQڋLVVKRZQLQWKHGLVSOD\5HMHFWLQJDFDOO7RVHOHFW5HMHFWWXUQWKHFRQWUROOHUDQGSUHVVWRFRQILUPRU3UHVVvRQWKHPXOWLIXQFWLRQVWHHULQJZKHHO0DNLQJDFDOO8VLQJWKHWHOHSKRQHPHQX7RFDOOXSWKHWHOHSKRQHPHQXSUHVVWKH+EXWWRQ7RVHOHFWDOOQXPEHUVRQHDIWHUWKHRWKHULQWKHWHOHSKRQHPHQXWXUQDQGSUHVVWKHFRQWUROOHUHDFKWLPH7RVHOHFWLQWKHWHOHSKRQHPHQXWXUQDQGSUHVVWKHFRQWUROOHU7KHFDOOLVPDGH)XUWKHULQIRUPDWLRQDERXWHQGLQJDFDOOSDJH5HGLDO7RFDOOXSWKHWHOHSKRQHPHQXSUHVVWKH+EXWWRQ7RVHOHFWLQWKHWHOHSKRQHPHQXWXUQDQGSUHVVWKHFRQWUROOHU7KHOLVWRIRXWJRLQJFDOOVLVGLVSOD\HG7KHPRVWUHFHQWO\GLDOHGQXPEHULVDWWKHWRS7RVHOHFWDQHQWU\DQGPDNHDFDOOWXUQDQGSUHVVWKHFRQWUROOHU)XUWKHULQIRUPDWLRQDERXWHQGLQJDFDOOSDJH8VLQJFDOOOLVWV7RFDOOXSWKHWHOHSKRQHPHQXSUHVVWKH+EXWWRQ7RVZLWFKWRWKHPHQXEDUVOLGHWKHFRQWUROOHU7RVHOHFW&DOO/LVWVWXUQDQGSUHVVWKHFRQWUROOHU8VLQJWKHWHOHSKRQH 7HOHSKRQH
7RVHOHFWڋ&&DOOV5HFHLYHGRU&DOOV'LDOHGWXUQDQGSUHVVWKHFRQWUROOHU7KHUHOHYDQWOLVWLVGLVSOD\HG7RVHOHFWDQHQWU\DQGPDNHDFDOOWXUQDQGSUHVVWKHFRQWUROOHU)XUWKHULQIRUPDWLRQDERXWHQGLQJDFDOOSDJH8VLQJWKHSKRQHERRN7RFDOOXSWKHWHOHSKRQHPHQXSUHVVWKH+EXWWRQ7RVHOHFW1DPHLQWKHWHOHSKRQHPHQXWXUQDQGSUHVVWKHFRQWUROOHU6HDUFKIRUDFRQWDFWSDJH7RPDNHDFDOOSUHVVWKHFRQWUROOHU)XUWKHULQIRUPDWLRQDERXWHQGLQJDFDOOSDJH8VLQJVSHHGGLDO2SWLRQ7RFDOOXSWKHWHOHSKRQHPHQXSUHVVWKH+EXWWRQ7RKLJKOLJKWDQXPEHUIURPWKHFKDUDFWHUEDUWXUQWKHFRQWUROOHU3UHVVWKHFRQWUROOHUIRUORQJHUWKDQWZRVHFRQGV7KHWHOHSKRQHPHQXGLVSOD\VWKHVHOHFWHGHQWU\7KHQXPEHULVGLDOHG2SWLRQ7RFDOOXSWKHWHOHSKRQHPHQXSUHVVWKH+EXWWRQ7RVZLWFKWRWKHPHQXEDUVOLGHWKHFRQWUROOHU7RVHOHFW&DOO/LVWVWXUQDQGSUHVVWKHFRQWUROOHU7RVHOHFW6SHHG'LDO3UHVHW/LVWWXUQDQGSUHVVWKHFRQWUROOHU7KHVSHHGGLDOOLVWLVGLVSOD\HG7RVHOHFWDQHQWU\DQGPDNHDFDOOWXUQDQGSUHVVWKHFRQWUROOHU7KHWHOHSKRQHPHQXGLVSOD\VWKHVHOHFWHGHQWU\7KHQXPEHULVGLDOHG)XUWKHULQIRUPDWLRQRQVHWWLQJXSVSHHGGLDOSDJH)XUWKHULQIRUPDWLRQDERXWHQGLQJDFDOOSDJH)XQFWLRQVDYDLODEOHGXULQJDFDOO2YHUYLHZC3HUVRQ\RXDUHFDOOLQJD6\PEROIRUDFWLYHWHOHSKRQHFRQQHFWLRQ7RHQGDFDOO7RVZLWFKWKHPLFURSKRQHRQRIISDJH7RVHQG'70)WRQHVQRWSRVVLEOHZLWKDOOPRELOHSKRQHVSDJH$YDLODEOHIXQFWLRQV=$FFHSWLQJDZDLWLQJFDOOSDJH=0DNLQJDVHFRQGFDOOSDJH=&DOOZDLWLQJSDJH$YDLODELOLW\GHSHQGVRQWKHQHWZRUNRQO\SRVVLEOHLQWKH*60QHWZRUNDQGRQWKH%OXHWRRWKPRELOHSKRQH$GGLQJDFDOO,IWKHPRELOHSKRQHQHWZRUNSURYLGHUDQGWKHPRELOHSKRQHVXSSRUWWKHIXQFWLRQ\RXFDQPDNHDQRWKHUFDOOGXULQJDQH[LVWLQJFDOO7KHSUHYLRXVO\DFWLYHFDOOLVKHOG 8VLQJWKHWHOHSKRQH7HOHSKRQH
C$GGVDFDOO7RVHOHFWWXUQDQGSUHVVWKHFRQWUROOHU0DNHDFDOO=8VLQJWKHWHOHSKRQHPHQXSDJH=5HGLDOSDJH=8VLQJFDOOOLVWVSDJH=8VLQJWKHSKRQHERRNSDJH=8VLQJVSHHGGLDOSDJH6ZLWFKLQJWKHPLFURSKRQHRQRII7KLVIXQFWLRQLVDYDLODEOHLQWKHWHOHSKRQHPHQXGXULQJDQDFWLYHSKRQHFDOO7RVZLWFKRIIWKHPLFURSKRQH7RVZLWFKWRWKHPHQXEDUVOLGHWKHFRQWUROOHU7RVHOHFW00LFURSKRQH2IIWXUQDQGSUHVVWKHFRQWUROOHU:KHQWKHPLFURSKRQHLVVZLWFKHGRIIWKHMV\PERODQGWKH7KHPLFURSKRQHLVRIIPHVVDJHDUHGLVSOD\HG7RVZLWFKRQWKHPLFURSKRQH6HOHFW0LFURSKRQH2Q7KHMV\PEROGLVDSSHDUV7KH7KHPLFURSKRQHLVRQPHVVDJHLVVKRZQ6HQGLQJ'70)WRQHV7KLVIXQFWLRQLVQRWVXSSRUWHGE\DOOPRELOHSKRQHV$QVZHULQJPDFKLQHVRURWKHUGHYLFHVFDQEHFRQWUROOHGE\'70)WRQHVHJIRUUHPRWHTXHU\IXQFWLRQV,I\RXZRXOGOLNHWROLVWHQWRWKHPHVVDJHVRQ\RXUDQVZHULQJPDFKLQHIRUH[DPSOHGLDOWKHFRUUHVSRQGLQJQXPEHU7UDQVPLWWLQJLQGLYLGXDOFKDUDFWHUV2QFHDFRQQHFWLRQKDVEHHQHVWDEOLVKHGWRWKHDQVZHUSKRQHVHOHFWWKHGHVLUHGFKDUDFWHUVLQWKHWHOHSKRQHPHQXWXUQDQGSUHVVWKHFRQWUROOHUHDFKWLPH(YHU\FKDUDFWHUVHOHFWHGZLOOEHWUDQVPLWWHGLPPHGLDWHO\G<RXFDQDOVRVHQG'70)WRQHVXVLQJWKH9RLFH&RQWUROV\VWHPVHHWKHVHSDUDWHRSHUDWLQJLQVWUXFWLRQV&DOOVZLWKVHYHUDOSDUWLFLSDQWV6ZLWFKLQJEHWZHHQFDOOVFDOOZDLWLQJ,I\RXPDNHDQRWKHUFDOO\RXFDQVZLWFKEHWZHHQWKHWZRFDOOVFDOOZDLWLQJ7KLVIXQFWLRQGHSHQGVRQ\RXUPRELOHSKRQHQHWZRUNSURYLGHUDQGWKHPRELOHSKRQHVHHWKHPDQXIDFWXUHUVRSHUDWLQJLQVWUXFWLRQV7KHFDOOVDUHPDUNHGDQG7KHDFWLYHFDOOLVKLJKOLJKWHG6ZLWFKLQJEHWZHHQWKHFDOOV7RVHOHFWRUWXUQDQGSUHVVWKHFRQWUROOHURU3UHVVaRQWKHPXOWLIXQFWLRQVWHHULQJZKHHO7KHVHOHFWHGFDOOLVDFWLYH7KHRWKHUFDOOLVRQKROG8VLQJWKHWHOHSKRQH 7HOHSKRQH
(QGLQJWKHDFWLYHFDOO7RVHOHFWvLQWKHWHOHSKRQHPHQXWXUQDQGSUHVVWKHFRQWUROOHURU3UHVVvRQWKHPXOWLIXQFWLRQVWHHULQJZKHHO7KHRWKHUFDOOLVVWLOORQKROG7RDFWLYDWHWKHFDOORQKROGVHOHFW&&RQњWLQXH7KHFDOORQKROGLVDFWLYDWHG,I\RXVHOHFW+DQJXSWKHFDOORQKROGLVDOVRHQGHGG2QVRPHPRELOHSKRQHVWKHFDOORQKROGLVDFWLYDWHGDVVRRQDVWKHDFWLYHFDOOLVHQGHG&RQIHUHQFHFDOO<RXFDQLQWHUFRQQHFWDFWLYHDQGKHOGFDOOV7KLVSHUPLWVVHYHUDOSDUWLHVWRKHDURQHDQRWKHUDQGVSHDNZLWKRQHDQRWKHU7KLVIXQFWLRQGHSHQGVRQ\RXUPRELOHSKRQHQHWZRUNSURYLGHUDQGWKHPRELOHSKRQHVHHWKHPDQXIDFWXUHUVRSHUDWLQJLQVWUXFWLRQV$GGDFDOOSDJHRU$QVZHUDQLQFRPLQJFDOOSDJH7RVHOHFW&RQIHUHQFHLQWKHWHOHSKRQHPHQXWXUQDQGSUHVVWKHFRQWUROOHU7KHQHZSDUWLFLSDQWLVLQFOXGHGLQWKHFRQIHUHQFHFDOO&RQIHUHQFHLVGLVSOD\HGLQWKHWHOHSKRQHPHQX,QFRPLQJFDOOGXULQJDQH[LVWLQJFDOOFDOOZDLWLQJ7KHFDOOZDLWLQJIXQFWLRQGHSHQGVRQ\RXUPRELOHSKRQHQHWZRUNSURYLGHUDQG\RXUPRELOHSKRQH'HSHQGLQJRQWKHPRELOHSKRQHXVHGEHKDYLRUZKHQDQVZHULQJDFDOOPD\YDU\VHHWKHPDQXIDFWXUHUVRSHUDWLQJLQVWUXFWLRQV&DOOZDLWLQJLI\RXUHFHLYHDFDOOZKLOHDOUHDG\LQDFDOODPHVVDJHLVVKRZQ<RXDOVRKHDUDWRQH<RXFDQGHFLGHZKHWKHUWRDFFHSWRUUHMHFWWKHFDOO$FFHSWLQJ7RVHOHFW$FFHSWSUHVVWKHFRQWUROOHURU3UHVVaRQWKHPXOWLIXQFWLRQVWHHULQJZKHHO7KHLQFRPLQJFDOOLVDFWLYHWKHSUHYLRXVO\DFWLYHFDOOLVRQKROG<RXFDQVZLWFKEDFNDQGIRUWKEHWZHHQERWKFDOOVFDOOZDLWLQJSDJH7KLVLVDOVRWKHFDVHLI\RXDFFHSWWKHZDLWLQJFDOOXVLQJWKH9RLFH&RQWURO6\VWHPVHHWKHVHSDUDWHRSHUDWLQJLQVWUXFWLRQVG'HSHQGLQJRQWKHPRELOHSKRQH\RXPD\DOVREHDEOHWRDFFHSWWKHLQFRPLQJFDOOFDOOZDLWLQJRQ\RXUPRELOHSKRQH7KLVIXQFWLRQDQGEHKDYLRUGHSHQGVRQ\RXUPRELOHSKRQHQHWZRUNSURYLGHUDQGWKHPRELOHSKRQHVHHWKHPDQXIDFWXUHUVRSHUDWLQJLQVWUXFWLRQV5HMHFWLQJ7RVHOHFW5HMHFWWXUQWKHFRQWUROOHUDQGSUHVVWRFRQILUPRU3UHVVvRQWKHPXOWLIXQFWLRQVWHHULQJZKHHO7KHEHKDYLRUDIWHUWKHFDOOLVUHMHFWHGGHSHQGVRQ\RXUPRELOHSKRQHDQGPRELOHSKRQHQHWZRUNSURYLGHU2SWLRQ7KHRULJLQDOO\DFWLYHFDOOLVFRQWLQXHGDQGWKHLQFRPLQJFDOOLVUHMHFWHG2SWLRQ7KHRULJLQDOO\DFWLYHFDOOLVHQGHGDQGWKHLQFRPLQJFDOOLVDFFHSWHG 8VLQJWKHWHOHSKRQH7HOHSKRQH
2SWLRQ%RWKFDOOVDUHHQGHG(QGLQJDQDFWLYHFDOO7RVHOHFWZLQWKHWHOHSKRQHPHQXWXUQDQGSUHVVWKHFRQWUROOHURU3UHVVvRQWKHPXOWLIXQFWLRQVWHHULQJZKHHO7KHDFWLYHFDOOLVHQGHG3KRQHERRN,QWURGXFWLRQ7KHWHOHSKRQHERRNGLVSOD\VDOOWKHFRQWDFWV7KHPRELOHSKRQHVWHOHSKRQHERRNLVDXWRPDWLFDOO\GLVSOD\HGLQ$XGLRDIWHUFRQQHFWLRQGHIDXOWVHWWLQJ<RXFDQGHDFWLYDWHDXWRPDWLFFDOOLQJXSSDJH,QWKHWHOHSKRQHERRN\RXFDQ=6HDUFKIRUFRQWDFWVSDJH=6WRUHFRQWDFWVSDJH='HOHWHFRQWDFWVSDJH)XUWKHULQIRUPDWLRQRQLPSRUWLQJFRQWDFWVSDJHGWRFRQWDFWVFDQEHVWRUHGSHUPDQHQWO\LQWKHSKRQHERRN:KHQ\RXLPSRUWRUVDYHFRQWDFWVWKH\ZLOOEHSHUPDQHQWO\VDYHGLQ$XGLR7KHVHFRQWDFWVZLOOUHPDLQWKHUHHYHQZKHQ\RXFRQQHFW$XGLRWRDGLIIHUHQWPRELOHSKRQH<RXFDQYLHZWKHVHFRQWDFWVHYHQZLWKRXWDPRELOHSKRQH&DOOLQJXSWKHSKRQHERRN7RFDOOXSWKHWHOHSKRQHPHQXSUHVVWKH+EXWWRQ7RVHOHFW11DPHLQWKHWHOHSKRQHPHQXWXUQDQGSUHVVWKHFRQWUROOHU,IWKHSKRQHERRNFRQWDLQVFRQWDFWVWKH\ZLOOEHGLVSOD\HGLQDOSKDEHWLFDORUGHU7KHFKDUDFWHUEDUDWWKHERWWRPRIWKHGLVSOD\LVDFWLYH<RXFDQQRZVHDUFKIRUDFRQWDFWSDJH)XUWKHULQIRUPDWLRQRQWKHV\PEROVVKRZQSDJHG<RXFDQDOVRFDOOXSWKHSKRQHERRNXVLQJWKHPXOWLIXQFWLRQVWHHULQJZKHHOVHHWKHVHSDUDWHYHKLFOH2SHUDWRUV0DQXDO6\PERORYHUYLHZ6\PERO([SODQDWLRQØ&RQWDFWWKDWZDVVDYHGRQ$XGLR&RQWDFWZLWKYRLFHWDJ7KHVHFRQWDFWVKDYHDOVREHHQDVVLJQHGDYRLFHWDJ9RLFHWDJVDUHDYDLODEOHLQYHKLFOHVZLWKWKH9RLFH&RQWURO6\VWHPVHHWKHVHSDUDWHRSHUDWLQJLQVWUXFWLRQV×&RQWDFWWKDWZDVFDOOHGXSIURPDPRELOHSKRQH3KRQHERRN 7HOHSKRQH
6\PERO([SODQDWLRQ»&RQWDFWLPSRUWHGIURPWKH6'PHPRU\FDUGRU86%GHYLFHº&RQWDFWLPSRUWHGYLDWKH%OXHWRRWKLQWHUIDFH6HDUFKLQJIRUDFRQWDFW:LWKWKHFKDUDFWHUEDU<RXGHWHUPLQHWKHILUVWOHWWHURIWKHFRQWDFW\RXDUHORRNLQJIRUZLWKWKHILUVWFKDUDFWHU\RXHQWHU7RVHOHFWFKDUDFWHUVWXUQWKHFRQWUROOHUDQGSUHVVWRFRQILUP7KHILUVWFRQWDFWZLWKWKHVHOHFWHGILUVWFKDUDFWHULVKLJKOLJKWHGLQWKHSKRQHERRN,IWKHUHDUHVLPLODUFRQWDFWVWKHQH[WGLIIHUHQWFKDUDFWHULVVKRZQ)RUH[DPSOHZLWKFRQWDFWVVXFKDV--DQDDQG-RKQWKHEHJLQQLQJVRIWKHQDPHVDUHLGHQWLFDO7KHQH[WGLIIHUHQWFKDUDFWHU$DQG2DUHRIIHUHGIRUVHOHFWLRQ6H OHF WWK HFK DUDF WHU VRI WKH FRQ WDF W\R XDU HVHDUFKLQJIRURQHE\RQHSUHVVLQJDQGFRQILUPLQJZLWKWKHFRQWUROOHUHDFKWLPH7RVHOHFWTWXUQDQGSUHVVWKHFRQWUROOHU7KHFRQWDFWVLQWKHSKRQHERRNDUHGLVSOD\HG7RVHOHFWDFRQWDFWWXUQDQGSUHVVWKHFRQWUROOHU,IDFRQWDFWFRQWDLQVPRUHWKDQRQHSKRQHQXPEHU7RVHOHFWDQGFDOODWHOHSKRQHQXPEHUWXUQDQGSUHVVWKHFRQWUROOHU%DFNWRWKHFKDUDFWHUEDU3UHVVWKH8EXWWRQUHSHDWHGO\XQWLOWKHFKDUDFWHUEDULVGLVSOD\HG8VLQJWKHWRXFKSDG<RXGHWHUPLQHWKHILUVWOHWWHURIWKHFRQWDFW\RXDUHORRNLQJIRUZLWKWKHILUVWFKDUDFWHU\RXHQWHU'UDZWKHOHWWHURQWKHWRXFKSDGVXUIDFH7KHILUVWFRQWDFWZLWKWKHVHOHFWHGILUVWFKDUDFWHULVKLJKOLJKWHGLQWKHSKRQHERRN)XUWKHULQIRUPDWLRQRQKDQGZULWLQJUHFRJQLWLRQRQWKHWRXFKSDGSDJH'UDZDGGLWLRQDOOHWWHUVRQWKHWRXFKSDGVXUIDFHRQHDIWHUDQRWKHU7RFRPSOHWHWKHVHDUFKDQGUHWXUQWRWKHSKRQHERRNSUHVVWKHWRXFKSDG7RVHOHFWWKHFRQWDFWJOLGHXSRUGRZQDQGSUHVV7KHFRQWDFWVSKRQHQXPEHULVGLVSOD\HG,IDFRQWDFWFRQWDLQVPRUHWKDQRQHSKRQHQXPEHU7RVHOHFWDQGFDOOWKHVXEHQWU\JOLGHXSRUGRZQDQGSUHVV'LVSOD\LQJWKHGHWDLOVRIDFRQWDFW7RVHOHFWDFRQWDFWLQWKHSKRQHERRNWXUQDQGSUHVVWKHFRQWUROOHU7RVHOHFW&RQWDFW'HWDLOVWXUQDQGSUHVVWKHFRQWUROOHU7KHGHWDLOHGYLHZDSSHDUV&ORVLQJWKHGHWDLOHGGLVSOD\7RVHOHFW8WXUQDQGSUHVVWKHFRQWUROOHU 3KRQHERRN7HOHSKRQH
&KDQJLQJWKHGLVSOD\DQGVRUWLQJFULWHULDIRUFRQWDFWV7RFDOOXSWKHWHOHSKRQHPHQXSUHVVWKH+EXWWRQ7RVZLWFKWRWKHPHQXEDUVOLGHWKHFRQWUROOHU7RVHOHFW22SWLRQVWXUQDQGSUHVVWKHFRQWUROOHU7RVHOHFW'LVSOD\DQG6RUWLQJWXUQDQGSUHVVWKHFRQWUROOHU<RXKDYHWKHIROORZLQJRSWLRQV=/DVW1DPH)LUVW1DPHGHIDXOWVHWWLQJ7KHFRQWDFWVDUHVRUWHGE\VXUQDPHDQGGLVSOD\HGZLWKDFRPPD=/DVW1DPH)LUVW1DPHڋ7KHFRQWDFWVDUHVRUWHGE\VXUQDPHDQGGLVSOD\HGZLWKRXWDFRPPD=)LUVW1DPH/DVW1DPHڋ7KHFRQWDFWVDUHVRUWHGE\ILUVWQDPHDQGGLVSOD\HGZLWKRXWDFRPPD7RVHOHFWWKHUHTXLUHGRSWLRQWXUQDQGSUHVVWKHFRQWUROOHU7KHFRQWDFWVDUHVRUWHGDQGGLVSOD\HGDFFRUGLQJWRWKHVHOHFWLRQ$XWRPDWLFDOO\LPSRUWLQJFRQWDFWVIURPWKHPRELOHSKRQH'HSHQGLQJRQWKHPRELOHSKRQHXVHG\RXFDQVHWZKHWKHUWKHFRQWDFWVVKRXOGEHFDOOHGXSDXWRPDWLFDOO\DIWHUWKHPRELOHSKRQHLVFRQQHFWHGWR$XGLR7RFDOOXSWKHWHOHSKRQHPHQXSUHVVWKH+EXWWRQ7RVZLWFKWRWKHPHQXEDUVOLGHWKHFRQWUROOHU7RVHOHFW2SWLRQVWXUQDQGSUHVVWKHFRQWUROOHU7RVHOHFW$XWRP'RZQORDG&RQWDFWVIURP3KRQHWXUQDQGSUHVVWKHFRQWUROOHU<RXFDQDOORZsRUGHDFWLYDWHSWKHDXWRPDWLFGRZQORDG,IWKHIXQFWLRQLVGHDFWLYDWHGWKHFRQWDFWVFDQEHFDOOHGXSPDQXDOO\7RFDOOXSWKHWHOHSKRQHPHQXSUHVVWKH+EXWWRQ7RVZLWFKWRWKHPHQXEDUVOLGHWKHFRQWUROOHU7RVHOHFW2SWLRQVWXUQDQGSUHVVWKHFRQWUROOHU7RVHOHFW&DOOXSFRQWDFWVWXUQWKHFRQWUROOHUDQGSUHVVWRFRQILUP7KHFRQWDFWVDUHFDOOHGXS6DYLQJDFRQWDFW6DYHGFRQWDFWVDUHLQGLFDWHGLQWKHSKRQHERRNE\GLIIHUHQWV\PEROVSDJH6HDUFKIRUDFRQWDFWRQWKHPRELOHSKRQH4SDJH7RVHOHFW*VOLGHWKHFRQWUROOHU7RVHOHFW6DYHWXUQDQGSUHVVWKHFRQWUROOHU7KHFRQWDFWKDVQRZEHHQVDYHG7KHFRQWDFWLVLGHQWLILHGE\WKHV\PEROLQWKHSKRQHERRNG6DYLQJWKHFRQWDFWGDWDRQ$XGLRGRHVQRWFKDQJHWKHFRQWDFWVRQWKHPRELOHSKRQH,IDXWRPDWLFFDOOLQJXSRISKRQHFRQWDFWVLVDFWLYDWHG$XGLRGLVSOD\VWKHFRS\ZLWKWKHFKDQJHGGDWD'HOHWLQJWKHFRQWDFW<RXFDQGHOHWHFRQWDFWVWKDWKDYHEHHQVDYHGRULPSRUWHGLQ$XGLR7RKLJKOLJKWDFRQWDFWLQWKHSKRQHERRNWXUQWKHFRQWUROOHU7RVHOHFW*VOLGHWKHFRQWUROOHU3KRQHERRN 7HOHSKRQH
7RVHOHFW''HOHWH&RQWDFWVWXUQDQGSUHVVWKHFRQWUROOHU$SURPSWDSSHDUVDVNLQJZKHWKHUWKHFRQWDFWVKRXOGEHGHOHWHG7RVHOHFW<HVWXUQDQGSUHVVWKHFRQWUROOHU7KHSKRQHQXPEHULVGHOHWHGRU7RVHOHFW1RWXUQDQGSUHVVWKHFRQWUROOHU7KHSURFHVVLVFDQFHOHG,PSRUWLQJFRQWDFWV,QIRUPDWLRQDQGUHTXLUHPHQWV<RXFDQLPSRUWFRQWDFWVY&DUGVLQWRWKHSKRQHERRNIURPWKHPHPRU\FDUGD86%GHYLFHRUYLD%OXHWRRWKGWRFRQWDFWVFDQEHLPSRUWHGLQWRWKHSKRQHERRN$PHVVDJHQRWLILHV\RXZKHQWKHPD[LPXPQXPEHULVUHDFKHG,QRUGHUWREHDEOHWRWKHQLPSRUWQHZFRQWDFWV\RXKDYHWRGHOHWHH[LVWLQJFRQWDFWVSDJH'HSHQGLQJRQWKHVRXUFHRIWKHFRQWDFWGDWDGLIIHUHQWUHTXLUHPHQWVDSSO\6RXUFH 3UHUHTXLVLWHV0HPRU\FDUG 7KH6'PHPRU\FDUGLVLQVHUWHG,WFRQWDLQVLPSRUWDEOHFRQWDFWGHWDLOV86%GHYLFH 7KH86%GHYLFHLVLQVHUWHGLQWRWKH86%SRUW,WFRQWDLQVLPSRUWDEOHFRQWDFWGHWDLOV5HTXLUHPHQWVIRUUHFHLYLQJY&DUGVYLD%OXHWRRWK<RXFDQUHFHLYHY&DUGVIURPGHYLFHVHJIURPD3&WKDWVXSSRUWWKHVHQGLQJRIY&DUGVYLD%OXHWRRWK%OXHWRRWKPXVWEHDFWLYDWHGLQ$XGLRDQGRQWKHUHVSHFWLYHGHYLFHVHHWKHRSHUDWLQJLQVWUXFWLRQVIRUWKHGHYLFH7KH%OXHWRRWKGHYLFHPXVWEHDEOHWRVHQGY&DUGVYLD%OXHWRRWKVHHRSHUDWLQJLQVWUXFWLRQVIRUWKHGHYLFH,PSRUWLQJIURPWKHPHPRU\FDUGRU86%GHYLFH&RQWDFWVLPSRUWHGIURPWKHPHPRU\FDUGRUIURPD86%GHYLFHKDYHWKH»V\PERO7KHIROORZLQJFRQGLWLRQVPXVWEHIXOILOOHGLQRUGHUWRLPSRUWY&DUGV=Y& D UGV YFI ILO H VP D\EH ORFD WHG L QWK HPD L QGLUHFWRU\RULQIROGHUV$XGLRDOORZV\RXWRVHOHFWWKHUHOHYDQWIROGHUVGLUHFWO\=Y&DUGVPXVWKDYHWKHILOHH[WHQVLRQYFIGYFIILOHVPD\DOVRFRQWDLQPXOWLSOHY&DUGV$XGLRVXSSRUWVY&DUGVLQYHUVLRQVDQG7RFDOOXSWKHWHOHSKRQHPHQXSUHVVWKH+EXWWRQ7RVZLWFKWRWKHPHQXEDUVOLGHWKHFRQWUROOHU7RVHOHFW2SWLRQVWXUQDQGSUHVVWKHFRQWUROOHU7RVHOHFW'RZQORDG&RQWDFWVWXUQDQGSUHVVWKHFRQWUROOHU$PHQXDSSHDUV7RVHOHFW)URP0HPRU\&DUGRU)URP86%GHYLFHLQWKHPHQXWXUQDQGSUHVVWKHFRQWUROOHU5HFHLYLQJY&DUGVYLD%OXHWRRWK$XGLR7RFDOOXSWKHWHOHSKRQHPHQXSUHVVWKH+EXWWRQ7RVZLWFKWRWKHPHQXEDUVOLGHWKHFRQWUROOHU7RVHOHFW2SWLRQVWXUQDQGSUHVVWKHFRQWUROOHU 3KRQHERRN7HOHSKRQH
7RVHOHFW''RZQORDG&RQWDFWVWXUQDQGSUHVVWKHFRQWUROOHU7RVHOHFW)URP%OXHWRRWK'HYLFHWXUQDQGSUHVVWKHFRQWUROOHU,I$XGLRLVFRQQHFWHGWRDPRELOHSKRQHWKHFRQQHFWLRQLVWHUPLQDWHGY&DUGVFDQQRZEHUHFHLYHGE\DGHYLFH3&PRELOHSKRQHYLD%OXHWRRWK([WHUQDOGHYLFH6WDUWWKHGDWDWUDQVIHUVHHWKHRSHUDWLQJLQVWUXFWLRQVIRUWKHGHYLFH7KHQXPEHURIY&DUGVUHFHLYHGLVGLVSOD\HGLQ$XGLR$XGLR7RHQGUHFHSWLRQSUHVVWKHFRQWUROOHURUWKH8EXWWRQ,IDPRELOHSKRQHZDVFRQQHFWHGWKHFRQQHFWLRQWRWKHPRELOHSKRQHLVHVWDEOLVKHGDJDLQ5HFHLYHGY&DUGVDUHLGHQWLILHGE\WKHºV\PEROLQWKHSKRQHERRNG,I\RXVZLWFKWRDQRWKHUPDLQIXQFWLRQHJQDYLJDWLRQZKLOHUHFHLYLQJY&DUGVWKHUHFHSWLRQRIY&DUGVZLOOEHWHUPLQDWHG'HOHWLQJLPSRUWHGFRQWDFWV7RFDOOXSWKHWHOHSKRQHPHQXSUHVVWKH+EXWWRQ7RVZLWFKWRWKHPHQXEDUVOLGHWKHFRQWUROOHU7RVHOHFW2SWLRQVWXUQDQGSUHVVWKHFRQWUROOHU7RVHOHFW'HOHWH&RQWDFWVWXUQDQGSUHVVWKHFRQWUROOHU6HOHFWRQHRIWKHIROORZLQJRSWLRQV=,QWHUQDO&RQWDFWV=,PSRUWHGIURP6WRUDJH'HYLFH=,PSRUWHGIURP%OXHWRRWK'HYLFHV='RZQORDGHGIURP3KRQH7XUQDQGSUHVVWKHFRQWUROOHU7RVHOHFW<HVWXUQDQGSUHVVWKHFRQWUROOHU7KHFRQWDFWVDUHGHOHWHGRU7RVHOHFW1RWXUQDQGSUHVVWKHFRQWUROOHU7KHSURFHVVLVFDQFHOHGG,IDXWRPDWLFFDOOLQJXSRIWKHFRQWDFWVLVGHDFWLYDWHGSDJHWKH'RZQORDGHGIURP3KRQHRSWLRQLVDYDLODEOH&ORVLQJWKHSKRQHERRN7RVHOHFW9IURPWKHFKDUDFWHUEDUWXUQWKHFRQWUROOHUDQGSUHVVWRFRQILUPRU3UHVVWKH8EXWWRQ&DOOOLVWV,QWURGXFWLRQ,I\RXUPRELOHSKRQHVXSSRUWVWKH3%$3%OXHWRRWKSURILOHWKHFDOOOLVWVIURPWKHPRELOHSKRQHDUHGLVSOD\HGLQ$XGLR:KHQFRQQHFWLQJWKHPRELOHSKRQH\RXPD\KDYHWRFRQILUPWKHFRQQHFWLRQIRUWKH3%$3%OXHWRRWKSURILOH,I\RXUPRELOHSKRQHGRHVQRWVXSSRUWWKH3%$3%OXHWRRWKSURILOH$XGLRJHQHUDWHVLWVRZQFDOOOLVWV7KHVHDUHQRWWKHVDPHDVWKHFDOOOLVWVLQ\RXUPRELOHSKRQH7KH&DOOOLVWRSWLRQLVQRWDYDLODEOHXQOHVVDPRELOHSKRQHLVFRQQHFWHGWR$XGLRG,I\RXFRQQHFWDGLIIHUHQWPRELOHSKRQHWR$XGLRWKHFDOOOLVWVIURPWKHQHZPRELOHSKRQHDUHGLVSOD\HG&DOOOLVWV 7HOHSKRQH
2SHQLQJWKHFDOOOLVWDQGVHOHFWLQJDQHQWU\/LVWRIVHOHFWHGSKRQHQXPEHUVH[DPSOHC'DWHDQGWLPHLIDYDLODEOHD7HOHSKRQHQXPEHURIWKHKLJKOLJKWHGHQWU\DQGV\PEROVLIDVVLJQHG7RFDOOXSWKHWHOHSKRQHPHQXSUHVVWKH+EXWWRQ7RVZLWFKWRWKHPHQXEDUVOLGHWKHFRQWUROOHU7RVHOHFW&&DOO/LVWVWXUQDQGSUHVVWKHFRQWUROOHU7RVHOHFWڋ&DOOV5HFHLYHGRU&DOOV'LDOHGWXUQDQGSUHVVWKHFRQWUROOHU7KHUHOHYDQWOLVWLVGLVSOD\HG7RVHOHFWDQHQWU\DQGPDNHDFDOOWXUQDQGSUHVVWKHFRQWUROOHU&ORVLQJWKHFDOOOLVW7RVHOHFW9WRWKHOHIWRIWKHOLVWVOLGHWKHFRQWUROOHURU3UHVVWKH8EXWWRQ7KHOLVWLVFORVHGG<RXFDQDOVRFDOOXSWKHOLVWRIGLDOHGFDOOVE\SUHVVLQJWKHaEXWWRQZKHQWKHWHOHSKRQHPHQXLVVKRZQ,QWKLVFDVHWKHOLVWZLOORQO\VKRZQDPHVRUSKRQHQXPEHUV'LVSOD\LQJGHWDLOVIURPDOLVWHQWU\$EEUHYLDWHGOLVWHQWULHVFDQDOVREHVKRZQLQIXOO7RFDOOXSWKHWHOHSKRQHPHQXSUHVVWKH+EXWWRQ7RVZLWFKWRWKHPHQXEDUVOLGHWKHFRQWUROOHU7RVHOHFW&DOO/LVWVWXUQDQGSUHVVWKHFRQWUROOHU7RVHOHFWڋ&DOOV5HFHLYHGRU&DOOV'LDOHGWXUQDQGSUHVVWKHFRQWUROOHU7KHUHOHYDQWOLVWLVGLVSOD\HG7RKLJKOLJKWWKHGHVLUHGHQWU\WXUQWKHFRQWUROOHU7RVHOHFW*VOLGHWKHFRQWUROOHU7RVHOHFW'HWDLOVWXUQDQGSUHVVWKHFRQWUROOHU7KHGHWDLOVDUHGLVSOD\HG7RJREDFNWRWKHOLVWVOLGHWKHFRQWUROOHUUHSHDWHGO\XQWLOWKHOLVWLVKLJKOLJKWHG6SHHGGLDOOLVWV6HWWLQJXS&DOOXSWKHSKRQHERRNSDJH6HDUFKIRUDQGVHOHFWDFRQWDFWSDJH7RKLJKOLJKWWKHWHOHSKRQHQXPEHUWXUQWKHFRQWUROOHU7RVHOHFW*VOLGHWKHFRQWUROOHU7RVHOHFW$VVLJQ6SHHG'LDO3UHVHWWXUQDQGSUHVVWKHFRQWUROOHU7KHVSHHGGLDOOLVWLVGLVSOD\HG7RVHOHFWDPHPRU\SRVLWLRQIRUWKHVSHHGGLDOWXUQDQGSUHVVWKHFRQWUROOHU,I\RXVHOHFWDQHQWU\WKDWDOUHDG\H[LVWVLQWKHVSHHGGLDOOLVWWKLVLVRYHUZULWWHQZLWKWKHQHZHQWU\7KHSKRQHQXPEHUKDVEHHQVDYHGDVDVSHHGGLDO 6SHHGGLDOOLVWV7HOHSKRQH
'HOHWLQJ'HOHWLQJDVSHHGGLDOSUHVHW7RFDOOXSWKHWHOHSKRQHPHQXSUHVVWKH+EXWWRQ7RFDOOXSWKHPHQXEDUVOLGHWKHFRQWUROOHU7RVHOHFW&&DOO/LVWVWXUQDQGSUHVVWKHFRQWUROOHU6HOHFW6SHHG'LDO3UHVHW/LVW7KHVSHHGGLDOOLVWLVGLVSOD\HG7RKLJKOLJKWWKHPHPRU\SRVLWLRQ\RXZDQWWRGHOHWHWXUQWKHFRQWUROOHU7RVHOHFW*VOLGHWKHFRQWUROOHU7RVHOHFW'HOHWH6SHHG'LDO3UHVHWWXUQDQGSUHVVWKHFRQWUROOHU7RVHOHFW<HVWXUQDQGSUHVVWKHFRQWUROOHU7KHVSHHGGLDOSUHVHWKDVEHHQGHOHWHGRU7RVHOHFW1RWXUQDQGSUHVVWKHFRQWUROOHU7KHSURFHVVLVFDQFHOHG'HOHWLQJDOOVSHHGGLDOSUHVHWV7RFDOOXSWKHWHOHSKRQHPHQXSUHVVWKH+EXWWRQ7RFDOOXSWKHPHQXEDUVOLGHWKHFRQWUROOHU7RVHOHFW&DOO/LVWVWXUQDQGSUHVVWKHFRQWUROOHU6HOHFW6SHHG'LDO3UHVHW/LVW7KHVSHHGGLDOOLVWLVGLVSOD\HG7RKLJKOLJKWWKHGHVLUHGPHPRU\SRVLWLRQWXUQWKHFRQWUROOHU7RVHOHFW*VOLGHWKHFRQWUROOHU7RVHOHFW'HOHWH$OO6SHHG'LDO3UHњVHWVWXUQDQGSUHVVWKHFRQWUROOHU7RVHOHFW<HVWXUQDQGSUHVVWKHFRQWUROOHU$OOVSHHGGLDOVDUHGHOHWHGRU7RVHOHFW1RWXUQDQGSUHVVWKHFRQWUROOHU7KHSURFHVVLVFDQFHOHG7H[WPHVVDJHV*HQHUDOQRWHV1HZPHVVDJHVDUHLGHQWLILHGE\WKHV\PEROLQWKH$XGLRGLVSOD\DQGDQDXGLEOHVLJQDO2QFH\RXKDYHUHDGDOOWKHPHVVDJHVWKHV\PEROLVQRORQJHUGLVSOD\HG$XGLRGLVSOD\VWKHQHZHVWWH[WPHVVDJHV7KHgV\PEROLVGLVSOD\HGZKHQWKHPRELOHSKRQHVPHVVDJHPHPRU\LVIXOO7KHV\PEROLVQRORQJHUGLVSOD\HGLI\RXGHOHWHPHVVDJHVRQWKHPRELOHSKRQH3UHUHTXLVLWHV7RXVHWKHPHVVDJHIXQFWLRQVWKHFRQQHFWHGPRELOHSKRQHPXVWVXSSRUWWKH%OXHWRRWK0$3SURILOHVHHWKHPDQXIDFWXUHUVRSHUDWLQJLQVWUXFWLRQV7KHSURPSWIRUWKH0$3%OXHWRRWKSURILOHPD\KDYHWREHFRQILUPHGRQWKHPRELOHSKRQH6RPHPRELOHSKRQHVZLWKWKH0$3%OXHWRRWKSURILOHRQO\VKRZQHZWH[WPHVVDJHVRUGRQRWVHQGPHVVDJHVZKHQORFNHG:LWKVRPHPRELOHSKRQHVVRPHVHWWLQJVVWLOOKDYHWREHPDGHDIWHUFRQQHFWLQJWR$XGLRVHHWKHPDQXIDFWXUHUVRSHUDWLQJLQVWUXFWLRQV7KHPHVVDJHVDUHGLVSOD\HGWKHQH[WWLPH\RXFRQQHFWWR$XGLR1RWDOOPRELOHSKRQHVDYDLODEOHRQWKHPDUNHWDUHHTXDOO\VXLWDEOH<RXFDQREWDLQIXUWKHULQIRUPDWLRQDERXWVHWWLQJVDQGVXSSRUWHGIXQFWLRQVRI%OXHWRRWKFDSDEOHPRELOHSKRQHVRQWKH,QWHUQHWDWKWWSZZZPEXVDPRELOHFRP2UFDOOWKH0HUFHGHV%HQ]&XVWRPHU$VVLVWDQFH&HQWHUDW)250(5&HGHVIRUWKH86$RU&XVWRPHU5HODWLRQVDWIRU&DQDGD7H[WPHVVDJHV 7HOHSKRQH
6HWWLQJV&DOOLQJXSWKHVHWWLQJVPHQXIRUPHVVDJHV7RFDOOXSWKHWHOHSKRQHPHQXSUHVVWKH+EXWWRQ7RVZLWFKWRWKHPHQXEDUVOLGHWKHFRQWUROOHU7RVHOHFWWXUQDQGSUHVVWKHFRQWUROOHU7KHPHVVDJHPHQXDSSHDUV7RVZLWFKWRWKHPHQXEDUVOLGHWKHFRQWUROOHU7RVHOHFW66HWWLQJVWXUQDQGSUHVVWKHFRQWUROOHU7KHWH[WPHVVDJHVHWWLQJVDUHGLVSOD\HG&RQILJXULQJWKHWH[WPHVVDJHVGLVSOD\HG&DOOXSWKHVHWWLQJVPHQXIRUPHVVDJHVSDJH$PHQXZLWKWKHIROORZLQJRSWLRQVLVVKRZQ=$OO0HVVDJHVڋ$OOWKHPHVVDJHVDUHGLVSOD\HG=1HZ0HVVDJHVڋ2QO\WKHPHVVDJHVWKDWDUHQHZRQWKHPRELOHSKRQHDUHGLVSOD\HG<RXFDQGLVSOD\WKHQHZHVWWH[WPHVVDJHVIURPWKHPRELOHSKRQHXVLQJWKH'RZQORDGRSWLRQLQWKHPHVVDJHPHQX=2IIڋ7KHPHVVDJHVDUHQRWGLVSOD\HGDXWRPDWLFDOO\<RXFDQGLVSOD\WKHQHZHVWWH[WPHVVDJHVIURPWKHPRELOHSKRQHXVLQJWKH'RZQORDGRSWLRQLQWKHPHVVDJHPHQX7RVHOHFWWKHUHTXLUHGRSWLRQWXUQDQGSUHVVWKHFRQWUROOHU'RZQORDGLQJPHVVDJHVPDQXDOO\7RFDOOXSWKHWHOHSKRQHPHQXSUHVVWKH+EXWWRQ7RVZLWFKWRWKHPHQXEDUVOLGHWKHFRQWUROOHU7RVHOHFWWXUQDQGSUHVVWKHFRQWUROOHU7KHPHVVDJHPHQXLVGLVSOD\HG7RVZLWFKWRWKHPHQXEDUVOLGHWKHFRQWUROOHU7RVHOHFW'RZQORDGWXUQDQGSUHVVWKHFRQWUROOHU7KHPHVVDJHVDUHGRZQORDGHG,I\RXKDYHVHOHFWHG1HZ0HVVDJHVRU2IILQWKHWH[WPHVVDJHVHWWLQJVPDQXDOGRZQORDGLQJLVQRWSRVVLEOH5HDGLQJPHVVDJHV,QWKHPHVVDJHPHQX7RFDOOXSWKHWHOHSKRQHPHQXSUHVVWKH+EXWWRQ7RVZLWFKWRWKHPHQXEDUVOLGHWKHFRQWUROOHU7RVHOHFWWXUQDQGSUHVVWKHFRQWUROOHU7KHPHVVDJHPHQXLVGLVSOD\HGZLWKWKHXQUHDGPHVVDJHV7RVHOHFWWKHPHVVDJHWXUQDQGSUHVVWKHFRQWUROOHU7KHPHVVDJHWH[WLVGLVSOD\HG7RFORVHWKHPHVVDJHWH[WSUHVVWKH8EXWWRQ,I\RXZDQWWRUHDGPHVVDJHVWKDWKDYHDOUHDG\EHHQUHDGDJDLQ\RXKDYHWRFDOOXSWKHWH[WPHVVDJHIROGHUSDJH 7H[WPHVVDJHV7HOHSKRQH
,QWKHPHVVDJHIROGHU7RFDOOXSWKHWHOHSKRQHPHQXSUHVVWKH+EXWWRQ7RVZLWFKWRWKHPHQXEDUVOLGHWKHFRQWUROOHU7RVHOHFWWXUQDQGSUHVVWKHFRQWUROOHU7KHPHVVDJHPHQXLVGLVSOD\HG7RVZLWFKWRWKHPHQXEDUVOLGHWKHFRQWUROOHU7RVHOHFW77H[W0HVVDJHWXUQDQGSUHVVWKHFRQWUROOHU7KHWH[WPHVVDJHIROGHULVGLVSOD\HG7RVHOHFWWKHPHVVDJHWXUQDQGSUHVVWKHFRQWUROOHU7KHPHVVDJHLVGLVSOD\HG7RVFUROOWKURXJKWKHPHVVDJHRUVHOHFWSKRQHQXPEHUVLQWKHWH[WWXUQWKHFRQWUROOHU7KHGLVSOD\VFUROOVXSRUGRZQOLQHE\OLQHRUVNLSVWRWKHQH[WRUSUHYLRXVWHOHSKRQHQXPEHUDQGDXWRPDWLFDOO\KLJKOLJKWVLW7RUHWXUQWRWKHOLVWSUHVV8'LVSOD\LQJGHWDLOVDQGSKRQHQXPEHUV$XGLRFDQDOVRVKRZWKHIXOOGHWDLOVLQVWHDGRIWKHVKRUWHQHGVHQGHUGLVSOD\7RFDOOXSWKHWHOHSKRQHPHQXSUHVVWKH+EXWWRQ7RVZLWFKWRWKHPHQXEDUVOLGHWKHFRQWUROOHU7RVHOHFWWXUQDQGSUHVVWKHFRQWUROOHU7KHPHVVDJHPHQXLVGLVSOD\HG7RVZLWFKWRWKHPHQXEDUVOLGHWKHFRQWUROOHU7RVHOHFWڋ7H[W0HVVDJHWXUQDQGSUHVVWKHFRQWUROOHU7KHWH[WPHVVDJHIROGHULVGLVSOD\HG7RKLJKOLJKWWKHGHVLUHGPHVVDJHWXUQWKHFRQWUROOHU7RVHOHFW*VOLGHWKHFRQWUROOHU7RVHOHFW'HWDLOVWXUQDQGSUHVVWKHFRQWUROOHU7KHGHWDLOHGYLHZDSSHDUV7RFORVHWKHGHWDLOHGGLVSOD\VOLGHWKHFRQWUROOHU7RUHWXUQWRWKHWHOHSKRQHPHQXSUHVVWKH=EXWWRQ&DOOLQJDWH[WPHVVDJHVHQGHU'LVSOD\WKHPHVVDJHSDJH7RFDOOXSDPHQXSUHVVWKHFRQWUROOHU7RVHOHFW&DOO6HQGHUWXUQDQGSUHVVWKHFRQWUROOHU7KHFDOOLVPDGH8VLQJDSKRQHQXPEHULQWKHWH[W1XPEHUVLQWH[WPHVVDJHVWKDWDUHKLJKOLJKWHGFDQEHXVHG7RVHOHFWDXVDEOHSKRQHQXPEHUZKLOHWKHPHVVDJHLVGLVSOD\HGWXUQDQGSUHVVWKHFRQWUROOHU7RVHOHFW&DOO1XPEHUWXUQDQGSUHVVWKHFRQWUROOHU7KHFDOOLVPDGHG,WLVSRVVLEOHWKDWDKLJKOLJKWHGQXPHULFDOVHTXHQFHPD\QRWFRQWDLQDWHOHSKRQHQXPEHU'HOHWLQJPHVVDJHV&DOOXSWKHWH[WPHVVDJHIROGHUSDJH7RVHOHFWWKHPHVVDJHWXUQDQGSUHVVWKHFRQWUROOHU7H[WPHVVDJHV 7HOHSKRQH
7RVHOHFW*VOLGHWKHFRQWUROOHU7RVHOHFW''HOHWHWXUQDQGSUHVVWKHFRQWUROOHU7RVHOHFW<HVWXUQDQGSUHVVWKHFRQWUROOHU7KHPHVVDJHLVGHOHWHGRU7RVHOHFW1RWXUQDQGSUHVVWKHFRQWUROOHU7KHSURFHVVLVFDQFHOHGG7KLVGHOHWHIXQFWLRQLVQRWVXSSRUWHGE\DOOPRELOHSKRQHV7KH'HOHWHIDLOHGڋPHVVDJHWKHQDSSHDUV 7H[WPHVVDJHV7HOHSKRQH
$XGLRIHDWXUHV 5DGLRPRGH 6DWHOOLWHUDGLR 5DGLR
$XGLRIHDWXUHV7KHVHRSHUDWLQJLQVWUXFWLRQVGHVFULEHDOOVWDQGDUGDQGRSWLRQDOHTXLSPHQWDYDLODEOHIRU\RXU$XGLRV\VWHPDWWKHWLPHRISXUFKDVH&RXQWU\VSHFLILFGLIIHUHQFHVDUHSRVVLEOH3OHDVHQRWHWKDW\RXU$XGLRV\VWHPPD\QRWEHHTXLSSHGZLWKDOOWKHIHDWXUHVGHVFULEHG7KLVDOVRDSSOLHVWRVDIHW\UHOHYDQWV\VWHPVDQGIXQFWLRQV7KHUHIRUHWKHHTXLSPHQWRQ\RXU$XGLRV\VWHPPD\GLIIHUIURPWKDWLQWKHGHVFULSWLRQVDQGLOOXVWUDWLRQV6KRXOG\RXKDYHDQ\TXHVWLRQVFRQFHUQLQJHTXLSPHQWDQGRSHUDWLRQSOHDVHFRQVXOWDQDXWKRUL]HG0HUFHGHV%HQ]&HQWHU5DGLRPRGH6ZLWFKLQJWRUDGLRPRGH3UHVVWKH*EXWWRQ7KHUDGLRGLVSOD\DSSHDUV<RXZLOOKHDUWKHODVWVWDWLRQSOD\HGRQWKHODVWZDYHEDQGVHOHFWHG5DGLRRYHUYLHZC0DLQIXQFWLRQEDUD6WDWXVEDUZLWKFRPSDVVGLVSOD\0DLQGLVSOD\ILHOGZLWKDYDLODEOHVWDWLRQVDQGGLVSOD\V'LVSOD\RIUDGLRVWDWLRQVHOHFWHG5DGLRPHQXEDU&OLPDWHFRQWUROVWDWXVEDU7RDFWLYDWHWKHPDLQIXQFWLRQDQGPHQXEDULQUDGLRPRGHVOLGHRdWKHFRQWUROOHU5DGLRPHQXRYHUYLHZ5DGLRPDLQIXQFWLRQEDU=++')05DGLR+')0UDGLRPRGH=+'$05DGLR+'0:UDGLRPRGH=6DW5DGLRVDWHOOLWHUDGLR=5DGLR6WDWLRQ3UHVHWVSUHVHWSRVLWLRQVIRUUDGLRVWDWLRQV=,QIRRQ5DGLR'LJLWDO2SHUDWRUV0DQXDO=,QWHUQHW5DGLR,QWHUQHWUDGLR5DGLRPHQXEDU2SWLRQV=7DJ7KLV7UDFNVDYHVWUDFNLQIRUPDWLRQRQDQ$SSOHGHYLFHIRUDODWHUSXUFKDVHRSWLRQYLDL7XQHV=(QWHU)UHTXHQF\PDQXDOIUHTXHQF\HQWU\=&XUUHQW6WDWLRQ&KDQQHO/LVWLQJOLVWRIDYDLODEOHVWDWLRQV=(GLW/LVWVHOHFWVDQGHGLWVVWDWLRQSUHVHWV=6KRZ6WDWLRQ,QIRUPDWLRQVZLWFKHVDUWLVWDQGWUDFNGLVSOD\DQGVWDWLRQQDPHRQRII=+'5DGLRVZLWFKHV+'5DGLRRQRII5DGLRPHQXEDU=ÓVHDUFKHVIRUVWDWLRQVE\QDPH=:DYHEDQGZDYHEDQGVHOHFWLRQ=,QIRGLVSOD\VDGGLWLRQDOLQIRUPDWLRQDERXWWKHFXUUHQWVWDWLRQUDGLRWH[W=6RXQGVRXQGVHWWLQJV%XUPHVWHUVRXQG 5DGLRPRGH5DGLR
6HWWLQJWKHZDYHEDQG%XWWRQDFWLYDWLRQ3UHVVWKH*EXWWRQDJDLQ<RXFDQVZLWFKEHWZHHQ++')05DGLR+'$05DGLRDQG5DGLR6WDWLRQ3UHVHWV8VLQJWKHPDLQIXQFWLRQEDU,QUDGLRPRGHVOLGHRWKHFRQWUROOHU7KHUDGLRPDLQIXQFWLRQEDUDQGPHQXEDUDSSHDU5DGLRLVDFWLYH3UHVVWKHFRQWUROOHU$PHQXDSSHDUVZLWKDVHOHFWLRQRI+')05DGLR+'$05DGLR5DGLR6WDWLRQ3UHVHWV,QIRRQ5DGLRDQG,QWHUQHW5DGLR7XUQWKHFRQWUROOHUXQWLOWKHUHTXLUHGZDYHEDQGLVLQWKHFHQWHU3UHVVWKHFRQWUROOHU8VLQJWKHUDGLRPHQXEDU,QUDGLRPRGHVOLGHRdWKHFRQWUROOHU7KHUDGLRPDLQIXQFWLRQEDUDQGPHQXEDUDSSHDU7RVHOHFW:DYHEDQGWXUQDQGSUHVVWKHFRQWUROOHU$PHQXDSSHDUVZLWKDVHOHFWLRQRI+')05DGLR+'$05DGLR5DGLR6WDWLRQ3UHVHWV,QIRRQ5DGLRDQG,QWHUQHW5DGLR7XUQWKHFRQWUROOHUXQWLOWKHUHTXLUHGZDYHEDQGLVLQWKHFHQWHU3UHVVWKHFRQWUROOHU6HOHFWLQJDVWDWLRQ)URPWKHPDLQGLVSOD\ILHOG$OOFXUUHQWO\DYDLODEOHVWDWLRQVDUHGLVSOD\HG,QUDGLRPRGHWXUQWKHFRQWUROOHUXQWLOWKHGHVLUHGVWDWLRQLVLQWKHFHQWHU8VLQJWKHFXUUHQWVWDWLRQOLVWG7KHVWDWLRQOLVWLVDYDLODEOHLQWKH+'$0DQG+')0ZDYHEDQGV,WLQFOXGHVDOOVWDWLRQVWKDWFDQEHUHFHLYHG,QUDGLRPRGHSUHVVWKHFRQWUROOHU7KHVWDWLRQOLVWDSSHDUVZLWKWKHVWDWLRQVFXUUHQWO\DYDLODEOH7RVHOHFWWKHGHVLUHGVWDWLRQWXUQDQGSUHVVWKHFRQWUROOHU8VLQJIUHTXHQF\HQWU\,QUDGLRPRGHVOLGHRdWKHFRQWUROOHU7KHUDGLRPHQXEDUDSSHDUV7RVHOHFW2SWLRQVWXUQDQGSUHVVWKHFRQWUROOHU5DGLRPRGH 5DGLR
6HOHFW((QWHU)UHTXHQF\8VLQJWKHWHOHSKRQHNH\SDGHQWHUWKHVWDWLRQIUHTXHQF\LQWKHHQWU\ILHOG8VLQJWKHVHDUFKIXQFWLRQ,QUDGLRPRGHVOLGHRdWKHFRQWUROOHU7KHUDGLRPHQXEDUDSSHDUV6HOHFWÓDQGHQWHUWKHILUVWOHWWHUVRIWKHUHTXLUHGVWDWLRQXVLQJWKHFRQWUROOHU$VVRRQDVWKHUHDUHHQRXJKFKDUDFWHUVHQWHUHG$XGLRVKRZVDOLVWRIDYDLODEOHVWDWLRQV7RVHOHFWVWDWLRQVIURPWKHOLVWWXUQWKHFRQWUROOHUDQGSUHVVWRFRQILUP7DJJLQJPXVLFWUDFNV,IDQ$SSOHGHYLFHLVFRQQHFWHGWKHPXVLFWUDFNVDQGDUWLVWGLVSOD\HGLQWKHUDGLRWH[WFDQEHVWRUHG8VLQJL7XQHV\RXKDYHWKHRSWLRQRISXUFKDVLQJWKLVWUDFN,QUDGLRPRGHVOLGHRdWKHFRQWUROOHU6HOHFW2SWLRQV6HOHFW7DJ7KLV7UDFN$PHVVDJHDSSHDUVLQ$XGLRDERXWVWRULQJWUDFNLQIRUPDWLRQ6WDWLRQ,QIRUPDWLRQ,QUDGLRPRGHVOLGHRdWKHFRQWUROOHU7RVHOHFW2SWLRQVWXUQDQGSUHVVWKHFRQWUROOHU<RXFDQGHWHUPLQHZKHWKHURUQRWWKHDUWLVWWUDFNRUVWDWLRQQDPHDUHVKRZQLQWKHPDLQGLVSOD\DUHDZLWKsRUSEHIRUH6KRZ6WDWLRQ,QIRUPDWLRQ6WDWLRQOLVWG7KHVWDWLRQOLVWLVRQO\DYDLODEOHLQWKH)0$0ZDYHEDQG,WLQFOXGHVDOO)0DQG$0VWDWLRQVWKDWFDQFXUUHQWO\EHUHFHLYHG,QUDGLRPRGHSUHVVWKHFRQWUROOHU7KHVWDWLRQOLVWDSSHDUVZLWKWKHVWDWLRQVFXUUHQWO\DYDLODEOH6WRULQJDVWDWLRQG7KHDYDLODEOHVWDWLRQVIRU\RXUUHJLRQDUHDOUHDG\VDYHGLQ$XGLR7KHUHDUHSUHVHWSRVLWLRQVDYDLODEOH6WRULQJFXUUHQWVWDWLRQV,QUDGLRPRGHVOLGHRdWKHFRQWUROOHU7RVHOHFW2SWLRQVWXUQDQGSUHVVWKHFRQWUROOHU6HOHFW(GLW/LVW6HOHFWWKHSRVLWLRQRIWKHUHTXLUHGSUHVHWWXUQWKHFRQWUROOHU7KLVFDQDOVREHDSUHVHWSRVLWLRQWKDWLVDOUHDG\RFFXSLHGZKLFKLVWKHQRYHUZULWWHQE\WKHFXUUHQWVWDWLRQ6OLGHRWKHFRQWUROOHU$QDGGLWLRQDOPHQXDSSHDUV7RVHOHFWWKH6DYH&XUUHQW6WDWLRQ&KDQQHORSWLRQWXUQDQGSUHVVWKHFRQWUROOHU7KHFXUUHQWO\VHWVWDWLRQLVVWRUHGLQWKHVHOHFWHGSUHVHWSRVLWLRQ0RYLQJKLJKOLJKWHGVWDWLRQV,QUDGLRPRGHVOLGHRdWKHFRQWUROOHU7RVHOHFW2SWLRQVWXUQDQGSUHVVWKHFRQWUROOHU6HOHFW(GLW/LVW7RVHOHFWWKHUHTXLUHGSUHVHWHQWU\WXUQWKHFRQWUROOHU 5DGLRPRGH5DGLR
6OLGHRWKHFRQWUROOHU$QDGGLWLRQDOPHQXDSSHDUV7RVHOHFWWKH00RYH+LJKOLJKWHG6WDњWLRQ&KDQQHORSWLRQWXUQDQGSUHVVWKHFRQWUROOHU7KHOLVWRIVWRUHGVWDWLRQVDSSHDUVDJDLQ7RPRYHWKHKLJKOLJKWHGVWDWLRQWRWKHQHZSRVLWLRQWXUQWKHFRQWUROOHUDQGSUHVVWRFRQILUP'HOHWLQJKLJKOLJKWHGVWDWLRQV,QUDGLRPRGHVOLGHRdWKHFRQWUROOHU7RVHOHFW2SWLRQVLQWKHUDGLRPHQXEDUWXUQDQGSUHVVWKHFRQWUROOHU6HOHFW(GLW/LVW7RVHOHFWWKHUHTXLUHGSUHVHWHQWU\WXUQWKHFRQWUROOHU6OLGHRWKHFRQWUROOHU7RVHOHFWWKH'HOHWH+LJKOLJKWHG6WDњWLRQ&KDQQHORSWLRQLQWKHDGGLWLRQDOPHQXWXUQDQGSUHVVWKHFRQWUROOHU6HOHFW<HVڋLI\RXUHDOO\ZLVKWRGHOHWHWKHKLJKOLJKWHGVHQGHUSUHVVWKHFRQWUROOHURWKHUZLVHVHOHFWڋ1RSUHVVWKHFRQWUROOHU&DOOLQJXSVRXQGVHWWLQJV,QUDGLRPRGHVOLGHRdWKHFRQWUROOHU7RVHOHFW6RXQGLQWKHUDGLRPHQXEDUWXUQDQGSUHVVWKHFRQWUROOHU7KHVRXQGPHQXDSSHDUVSDJH5DGLRWH[W7KLVIXQFWLRQLVDYDLODEOHLQ+'DQG)0$0UDGLRPRGH5DGLRWH[WLVDGGLWLRQDOGDWDPHWDGDWDRUVLPLODUWKDWLQDGGLWLRQWRGLVSOD\LQJWKHDUWLVWDQGWUDFNDOVRLQFOXGHVLQIRUPDWLRQRQWKHFXUUHQWSURJUDP7RVZLWFKRQUDGLRWH[WLQUDGLRPRGHVOLGHRdWKHFRQWUROOHU7KH5DGLRPHQXEDULVVKRZQ7RVHOHFW,QIRWXUQDQGSUHVVWKHFRQWUROOHU:LWKDQDFWLYH,QIRڋEXWWRQDODUJHUYLHZRIWKHUDGLRVWDWLRQVHWZLOOEHVKRZQWRJHWKHUZLWKUDGLRWH[WLQIRUPDWLRQLQSODFHRIWKHOLVWRIVWDWLRQV7KHIUHTXHQF\LVYLVLEOHLQWKHFRQWH[WGLVSOD\7RVZLWFKRQUDGLRWH[WSOXVLQUDGLRPRGHVOLGHRdWKHFRQWUROOHU7KH5DGLRPHQXEDULVVKRZQ6HOHFW,QIR7KHGLVSOD\VZLWFKHVEDFNWRWKHUDGLRVWDWLRQRYHUYLHZZLWKUDGLRWH[WSOXVLQIRUPDWLRQ6DWHOOLWHUDGLR*HQHUDOQRWHV7KHVDWHOOLWHUDGLRPRGHUHTXLUHVVDWHOOLWHUDGLRHTXLSPHQWDQGUHJLVWUDWLRQZLWKDVDWHOOLWHUDGLRSURYLGHU1RWHWKDWWKHFDWHJRULHVDQGFKDQQHOVVKRZQLQWKHLOOXVWUDWLRQVGHSHQGRQWKHSURJUDPFRQWHQWRIIHUHGE\WKHSURYLGHU7KHLOOXVWUDWLRQVDQGGHVFULSWLRQVLQWKHVHRSHUDWLQJLQVWUXFWLRQVPD\WKHUHIRUHGLIIHUIURPWKHFKDQQHOVDQGFDWHJRULHVRIIHUHGE\WKHSURYLGHU6DW5DGLRPRGHPD\EHWHPSRUDULO\XQDYDLODEOHRULQWHUUXSWHGIRUDYDULHW\RIUHDVRQV7KHVHLQFOXGHHQYLURQPHQWDORUWRSRJUDSKL6DWHOOLWHUDGLR 5DGLR
FDOFRQGLWLRQVDVZHOODVRWKHUIDFWRUVEH\RQGWKHFRQWURORI0HUFHGHV%HQ]86$//&7KLVPHDQVRSHUDWLRQPD\QRWEHSRVVLEOHLQFHUWDLQDUHDV7KHVHLQFOXGH=WXQQHOV=SDUNLQJJDUDJHV=ORFDWLRQVLQVLGHRUQH[WWREXLOGLQJV=ORFDWLRQVLQWKHYLFLQLW\RIRWKHUVWUXFWXUHV6,5,86;06DWHOOLWH5DGLRRIIHUVPRUHWKDQGLJLWDOTXDOLW\UDGLRFKDQQHOVSURYLGLQJFRPPHUFLDOIUHHPXVLFVSRUWVQHZVDQGHQWHUWDLQPHQW6,5,86;06DWHOOLWH5DGLRHPSOR\VDIOHHWRIKLJKSHUIRUPDQFHVDWHOOLWHVWREURDGFDVWDURXQGWKHFORFNWKURXJKRXWWKH86$DQG&DQDGD7KHVDWHOOLWHUDGLRSURJUDPLVDYDLODEOHIRUDPRQWKO\IHH'HWDLOVDUHDYDLODEOHIURPWKH6,5,86;06HUYLFH&HQWHUDQGDWKWWSZZZVLULXV[PFRP86$RUKWWSZZZVLULXV[PFD&DQDGD<RXUQHZ0HUFHGHV%HQ]YHKLFOHFRPHVZLWK6,5,86;06DWHOOLWH5DGLRSUHLQVWDOOHGDWWKHIDFWRU\7KLVVHUYLFHLVIUHHIRUDVL[PRQWKWULDOSHULRG$ERXWDPRQWKEHIRUHWKHWULDOSHULRGHQGVLQIRUPDWLRQZLOOEHSURYLGHGRQKRZWRH[WHQGWKLVVXEVFULSWLRQ$QDFRXVWLFVLJQDOVRXQGVDQGDPHVVDJHLVVKRZQGHVFULELQJKRZWKHVXEVFULSWLRQFDQEHH[WHQGHG5HJLVWHULQJ6DW5DGLRC3KRQHQXPEHURISURYLGHUD6,5,86;0,'RI\RXUVDWHOOLWHUHFHLYHU6ZLWFKRQ6DW5DGLRPRGHSDJH7KHVDWHOOLWHUDGLRPDLQPHQXDSSHDUVVKRZLQJWKHSUHYLHZFKDQQHO<RXFDQQRWVHOHFWDQ\RWKHUVWDWLRQV7RVHOHFW22SWLRQVLQWKHPHQXEDUVOLGHRdDQGSUHVVWKHFRQWUROOHU7RVHOHFW6HUYLFHWXUQDQGSUHVVWKHFRQWUROOHU7KHVHUYLFHLQIRUPDWLRQVFUHHQDSSHDUV2QFHWKHFRQQHFWLRQKDVEHHQHVWDEOLVKHG)ROORZWKHLQVWUXFWLRQVRIWKHVHUYLFHVWDII7KHDFWLYDWLRQSURFHVVPD\WDNHXSWRWHQPLQXWHV,IDFWLYDWLRQLVFRPSOHWHGVXFFHVVIXOO\WKH8SGDWLQJ&KDQQHOVPHVVDJHDSSHDUVLQWKHGLVSOD\IROORZHGE\WKHVDWHOOLWHUDGLRPDLQPHQXG<RXFDQDOVRKDYHWKHVDWHOOLWHVHUYLFHDFWLYDWHGRQOLQH7RGRVRYLVLWWKH6,5,86;05DGLRZHEVLWHDWKWWSZZZVLULXV[PFRP86$RUKWWSZZZVLULXV[PFD&DQDGDG,IUHJLVWUDWLRQLVQRWLQFOXGHGZKHQSXUFKDVLQJWKHV\VWHP\RXUFUHGLWFDUGGHWDLOVZLOOEHUHTXLUHGWRDFWLYDWH\RXUDFFRXQW,IWKHVDWHOOLWHUHFHLYHULVQRWLQVWDOOHGRULVQRWLQVWDOOHGFRUUHFWO\WKH'HYLFH1RW$YDLODEOHPHVVDJHZLOODSSHDU 6DWHOOLWHUDGLR5DGLR
6ZLWFKLQJWRVDWHOOLWHUDGLRC&KDQQHOQDPHD3UHVHW&KDQQHOQDPH&KDQQHOLQIRUPDWLRQ&DWHJRU\OLVW.H\ZRUGVHDUFKk2SWLRQVPHQX&KDQQHOLQIRUPDWLRQFDQEHYLHZHGLQGHWDLOSDJH7RVHOHFW55DGLRLQWKHPDLQIXQFWLRQEDUWXUQWKHFRQWUROOHUDQGSUHVVWRFRQILUP,IVDWHOOLWHUDGLRPRGHZDVWKHODVWPRGHVHOHFWHGLWZLOOQRZEHDFWLYH,IDQRWKHUUDGLRPRGHLVVZLWFKHGRQ\RXFDQQRZVZLWFKWRVDWHOOLWHUDGLRPRGHLQWKHFDURXVHOPHQX7RVHOHFW2SWLRQVVOLGHRdDQGSUHVVWKHFRQWUROOHU7KHPHVVDJH1R6HUYLFHDSSHDUVLIWKHUHLVQRVLJQDO,IWKHVDWHOOLWHUHFHLYHULVQRWLQVWDOOHGRULVQRWLQVWDOOHGFRUUHFWO\WKH'HYLFH1RW$YDLOњDEOHPHVVDJHZLOODSSHDUSDJH6HOHFWLQJDFDWHJRU\6DWHOOLWHUDGLRFKDQQHOVDUHVRUWHGLQWRYDULRXVFDWHJRULHV<RXFDQFKRRVHEHWZHHQYDULRXVFDWHJRULHVVXFKDV1HZV'LVFXVVLRQV6SRUWVDQG&RXQWU\LIDYDLODEOH7KHFDWHJRU\OLVWLVVRUWHGDOSKDEHWLFDOO\7KHFRQWHQWRIWKHFDWHJRULHVLVVRUWHGE\FKDQQHOQXPEHUV7RFDOOXSWKHFDWHJRU\OLVWVHOHFW&DWњHJRU\LQWKHPHQXEDUVOLGHRdDQGSUHVVWKHFRQWUROOHU7KHFDWHJRU\OLVWDSSHDUV7RVHOHFWDFDWHJRU\WXUQWKHFRQWUROOHUDQGSUHVVWRFRQILUP7KHFDWHJRU\VHOHFWHGLVVKRZQLQWKHGLVSOD\<RXKHDUWKHVWDWLRQODVWVHOHFWHGIRUWKLVFDWHJRU\7KH6GRWLQGLFDWHVWKHFXUUHQWVHWWLQJ7KH$OO&KDQQHOVFDWHJRU\LVDWWKHWRSRIWKHFDWHJRU\OLVW7KLVFDWHJRU\HQDEOHV\RXWREURZVHDOODYDLODEOHFKDQQHOV6HOHFWLQJDFKDQQHO&KDQQHOVHDUFK:KHQWKHGLVSOD\VHFWLRQZLQGRZLVVHOHFWHGVOLGHRWKHFRQWUROOHU$XGLRVHDUFKHVLQERWKGLUHFWLRQVDVFHQGLQJDQGGHVFHQGLQJDQGVWRSVDWWKHQH[WFKDQQHOIRXQGLQWKHVHOHFWHGFDWHJRU\(QWHULQJFKDQQHOQXPEHUVGLUHFWO\7RVHOHFW2SWLRQVLQWKHPHQXEDUVOLGHRdDQGSUHVVWKHFRQWUROOHU7KHVDWHOOLWHUDGLRPHQXDSSHDUV7RVHOHFW(QWHU&KDQQHOWXUQDQGSUHVVWKHFRQWUROOHU$QLQSXWPHQXDSSHDUV)RUWKHFKDQQHOQXPEHUSUHVVWKHFRUUHVSRQGLQJQXPEHUNH\VRQWKHFRQWUROSDQHORQHDIWHUWKHRWKHU$XGLRVHWVWKHVHOHFWHGFKDQQHOG<RXFDQRQO\VHOHFWFXUUHQWO\SHUPLWWHGGLJLWV6DWHOOLWHUDGLR 5DGLR
6HOHFWLQJDFKDQQHOYLDWKHVDWHOOLWHUDGLRVWDWLRQOLVW<RXFDQVHOHFWWKHFKDQQHOXVLQJWKHVDWHOOLWHVWDWLRQOLVWRUXVLQJWKHFXUUHQWVWDWLRQOLVWGLVSOD\LQJWKHDUWLVWVDQGWUDFNVWKDWDUHFXUUHQWO\SOD\LQJ7RVHOHFW22SWLRQVLQWKHPHQXEDUVOLGHRdDQGSUHVVWKHFRQWUROOHU7RVHOHFW&XUUHQW6WDWLRQ/LVWZLWK$UWLVW7LWOHWXUQDQGSUHVVWKHFRQWUROOHU7KHFKDQQHOOLVWDSSHDUV6HOHFWWKHGHVLUHGFKDQQHO.H\ZRUGVHDUFK7RVHOHFWWKHNH\ZRUGVHDUFKÓLQWKHPHQXEDUVOLGHRdDQGWXUQWKHFRQWUROOHU7RHQWHUWKHUHTXLUHGVHDUFKWHUPWXUQDQGSUHVVWKHFRQWUROOHU'LUHFWDQGLQGLUHFWUHVXOWVDUHVKRZQ6HOHFWWKHUHTXLUHGUHVXOW7KHUHOHYDQWFKDQQHOLVSOD\HG0HPRU\IXQFWLRQVG7KHUHDUHSUHVHWVDYDLODEOH7RVWRUHDFKDQQHOXVLQJWKHHGLWIXQFWLRQVHOHFW2SWLRQVLQWKHPHQXEDUVOLGHRdDQGSUHVVWKHFRQWUROOHU7RVHOHFW(GLW2UJDQL]HWXUQDQGSUHVVWKHFRQWUROOHU7KHOLVWRIVDYHGFKDQQHOVDSSHDUV7RVHOHFWWKHSUHVHWWXUQWKHFRQWUROOHUDQGSUHVVIRUDERXWVHFRQGV7KHQHZO\VDYHGVWDWLRQRYHUZULWHVWKHH[LVWLQJSUHVHW0XVLFDQGVSRUWDOHUWV*HQHUDOQRWHV7KLVIXQFWLRQPDNHVLWSRVVLEOHWRVWRUHDSURJUDPDOHUWIRU\RXUIDYRULWHDUWLVWVWUDFNVRUVSRUWLQJHYHQWV<RXFDQVWRUHXSWRPXVLFDQGVSRUWVDOHUWVIDYRULWHV0XVLFDOHUWVFDQRQO\EHVDYHGZKLOVWDWUDFNLVEHLQJSOD\HG<RXFDQDOVRVSHFLI\VSRUWDOHUWVYLDWKHPHQXRSWLRQ7KHV\VWHPWKHQFRQWLQXRXVO\VFDQVDOOFKDQQHOVDQGQRWLILHV\RXLILWILQGVDPDWFKZLWKDVWRUHGDOHUW$ZLQGRZDSSHDUVZLWKWKHUHVSHFWLYHLQIRUPDWLRQ6HWWLQJDPXVLFDOHUW 6DWHOOLWHUDGLR5DGLR
7RVHOHFW22SWLRQVLQWKHPHQXEDUVOLGHRdDQGSUHVVWKHFRQWUROOHU7RVHOHFW$OHUWIRU$UWLVW7UDFN6SRUWV(YHQWWXUQDQGSUHVVWKHFRQWUROOHU$PHQXDSSHDUV6HOHFW$GG1HZ$OHUW$ZLQGRZZLWKDSURPSWDSSHDUV6HOHFW$UWLVWRU7UDFN7KHDOHUWLVVHWIRUWKHFXUUHQWDUWLVWRUWUDFN7KHPXVLFDOHUWZLQGRZDSSHDUV7RVHOHFW&KDQJHWRRU,JQRUHWXUQDQGSUHVVWKHFRQWUROOHU,I\RXVHOHFW&KDQJHWRWKHFKDQQHOLVFKDQJHGDQGWKHIDYRULWHDUWLVWRUWUDFNLVSOD\HG,I\RXVHOHFW,JQRUHWKHFXUUHQWFKDQQHOZLOOFRQWLQXHSOD\LQJ6HWWLQJDVSRUWDOHUW7RVHOHFW2SWLRQVLQWKHPHQXEDUVOLGHRdDQGSUHVVWKHFRQWUROOHU7RVHOHFW$OHUWIRU$UWLVW7UDFN6SRUWV(YHQWWXUQDQGSUHVVWKHFRQWUROOHU$PHQXDSSHDUV6HOHFW0DQDJH6SRUW$OHUWV$PHQXDSSHDUV6HOHFW6HOHFW1HZ$OHUWV$PHQXDSSHDUV6HOHFWWKHGHVLUHGWHDPIURPDOHDJXHHJFROOHJH1%$1+/1)/RU0/%7KHDOHUWIXQFWLRQIRUWKHVSRUWVWHDPLVDGGHG(GLWLQJPXVLFDQGVSRUWDOHUWV6HOHFW(GLW$OHUW$OLVWRIVHWVSRUWDOHUWVDSSHDUV6HOHFW0DQDJH0XVLF$OHUWV$OLVWRIVHWDUWLVWVDQGWUDFNVDUWLVWDSSHDUV7DJJLQJPXVLFWUDFNV,I\RXKDYHDQ$SSOHGHYLFHFRQQHFWHG\RXFDQSXUFKDVHWKHPXVLFWUDFNWKDWLVFXUUHQWO\SOD\LQJIURPDQL7XQHV6WRUH,IQR$SSOHGHYLFHLVFRQQHFWHGWKLVIXQFWLRQLVJUD\HGRXW7RVHOHFW2SWLRQVLQWKHPHQXEDUVOLGHRdDQGSUHVVWKHFRQWUROOHU7RVHOHFW7DJWKLV7UDFNWXUQDQGSUHVVWKHFRQWUROOHU$PHVV DJ HDERXWVDYLQJW KLVPXVLFWUD FN RQWKH$SSOHGHYLFHDSSHDUV'LVSOD\LQJLQIRUPDWLRQ6DWHOOLWHUDGLR 5DGLR
7RVHOHFW,,QIRLQWKHPHQXEDUVOLGHRdDQGSUHVVWKHFRQWUROOHU,QIRUPDWLRQRQWKHFXUUHQWO\UHFHLYHGSURJUDPLVGLVSOD\HG,IDYDLODEOH\RXZLOOVHH=WKHFKDQQHOORJR=WKHFKDQQHODEEUHYLDWLRQ=WKHDUWLVWRIWKHWUDFNWKDWLVFXUUHQWO\EHLQJSOD\HG=WKHFXUUHQWWUDFN7RUHWXUQWRWKHUDGLRGLVSOD\VHOHFW,QIRVOLGHRdDQGSUHVVWKHFRQWUROOHU'LVSOD\LQJVHUYLFHLQIRUPDWLRQ7KHSURYLGHUVFXVWRPHUVHUYLFHFHQWHULVDYDLODEOHE\SKRQHDWDQ\WLPHWRDQVZHUDQ\JHQHUDOTXHVWLRQVRUTXHVWLRQVRQWKHYHUVLRQVDYDLODEOH7RVHOHFW2SWLRQVLQWKHPHQXEDUVOLGHRdDQGSUHVVWKHFRQWUROOHU7RVHOHFW6HUYLFHWXUQDQGSUHVVWKHFRQWUROOHU7KHSURYLGHUVGHWDLOVDSSHDU7RUHWXUQWRWKHPDLQGLVSOD\SUHVVWKH8EXWWRQ&KDQQHOOLVWXSGDWHV'XULQJUHFHSWLRQRIDQHZFKDQQHOOLVWWKH8SGDWLQJ&KDQQHOVPHVVDJHLVVKRZQ7KHVWDWLRQODVWVHOHFWHGLVVZLWFKHGWRPXWHXQWLOWKHXSGDWHKDVEHHQFRPSOHWHG6DW5DGLRPRGHLVQRWDYDLODEOHGXULQJWKLVSURFHVV2QFHWKHXSGDWHKDVEHHQFRPSOHWHGWKH6DW5DGLREDVLFPHQXDSSHDUV7KHVWDWLRQODVWVHOHFWHGLVSOD\HG6RXQGVHWWLQJV,QIRUPDWLRQRQVRXQGVHWWLQJVSDJH 6DWHOOLWHUDGLR5DGLR
$XGLRIHDWXUHV $FWLYDWLQJPHGLDPRGH $XGLRPRGH 0HGLDVHDUFK %OXHWRRWKDXGLRPRGH 2SHUDWLRQZLWKWKH0HGLD,QWHUIDFH 3LFWXUHYLHZHU 0HGLD
$XGLRIHDWXUHV7KHVHRSHUDWLQJLQVWUXFWLRQVGHVFULEHDOOVWDQGDUGDQGRSWLRQDOHTXLSPHQWDYDLODEOHIRU\RXU$XGLRV\VWHPDWWKHWLPHRISXUFKDVH&RXQWU\VSHFLILFGLIIHUHQFHVDUHSRVVLEOH3OHDVHQRWHWKDW\RXU$XGLRV\VWHPPD\QRWEHHTXLSSHGZLWKDOOWKHIHDWXUHVGHVFULEHG7KLVDOVRDSSOLHVWRVDIHW\UHOHYDQWV\VWHPVDQGIXQFWLRQV7KHUHIRUHWKHHTXLSPHQWRQ\RXU$XGLRV\VWHPPD\GLIIHUIURPWKDWLQWKHGHVFULSWLRQVDQGLOOXVWUDWLRQV6KRXOG\RXKDYHDQ\TXHVWLRQVFRQFHUQLQJHTXLSPHQWDQGRSHUDWLRQSOHDVHFRQVXOWDQDXWKRUL]HG0HUFHGHV%HQ]&HQWHU$FWLYDWLQJPHGLDPRGH*HQHUDOQRWHV7KHUHDUHVHYHUDOZD\VWRDFWLYDWHPHGLDVRXUFHVXVLQJ$XGLR7KHUHOHYDQWVHFWLRQVRIWKH2SHUDWRUV0DQXDOGHVFULEHWKHVLPSOHVWZD\WRDFWLYDWHDPHGLDVRXUFH7KLVVHFWLRQGHVFULEHVDOORSWLRQVIRUDFWLYDWLQJPHGLDVRXUFHV8VLQJWKH0(',$EXWWRQ3UHVVWKHýEXWWRQ7KHPHQXIRUWKHODVWDFFHVVHGPHGLDVRXUFHDSSHDUV7RVHOHFWWKHPHGLDVRXUFHNHHSSUHVVLQJWKHýEXWWRQXQWLOWKHUHTXLUHGPHGLDVRXUFHKDVEHHQVHW7KHPHGLDVRXUFHVDSSHDULQWKHIROORZLQJRUGHU=&'=0HPRU\FDUG=9HKLFOHVZLWKRXW0HGLD,QWHUIDFH86%DQG86%=9HKLFOHVZLWK0HGLD,QWHUIDFH0HGLD,QWHUIDFHDQG0HGLD,QWHUIDFH=%7DXGLR,ISOD\DEOHPHGLDILOHVDUHIRXQGWKH\ZLOOEHSOD\HGE\$XGLR7RGLVSOD\WKHIXQFWLRQEDUVVOLGHRdWKHFRQWUROOHU6ZLWFKLQJRQDXWRPDWLFDOO\$IWHUDQH[WHUQDOPHGLDVRXUFHKDVEHHQFRQQHFWHG$XGLRZLOORQO\DFWLYDWHWKHFRUUHVSRQGLQJPHGLDPRGHDXWRPDWLFDOO\LQWKHFDVHRI&'VDQG6'FDUGV:KHQXVLQJ86%GHYLFHVGHSHQGLQJRQWKHYHKLFOHVHTXLSPHQWWKHUHOHYDQW0HGLD,QWHUIDFHRU86%EDVLFGLVSOD\PXVWDOUHDG\EHDFWLYDWHG([WHUQDOPHGLDVRXUFHV=$SSOHGHYLFHVHJL3KRQH=86%GHYLFHVHJ86%VWLFN03SOD\HU=&'=6'FDUGV=YLDGHYLFHVFRQQHFWHGE\%OXHWRRWK,ISOD\DEOHPHGLDILOHVDUHIRXQGWKH\ZLOOEHSOD\HGE\$XGLRG,IDPHGLDIXQFWLRQLVDOUHDG\VZLWFKHGRQLQ$XGLRWKLVZLOOEHLQWHUUXSWHGDQGWKHEDVLFGLVSOD\RIWKHQHZO\FRQQHFWHGGHYLFHZLOODSSHDU,IDQRWKHUIXQFWLRQVXFKDVQDYLJDWLRQLVRSHUDWLQJWKHEDVLFGLVSOD\ZLOOQRWFKDQJH2QO\WKHPXVLFIURPWKHQHZO\FRQQHFWHGPHGLDVRXUFHZLOOSOD\ $FWLYDWLQJPHGLDPRGH0HGLD
8VLQJWKHPDLQIXQFWLRQEDU7RVHOHFW00HGLDWXUQDQGSUHVVWKHFRQWUROOHU7KHPHQXDSSHDUVZLWKWKHDYDLODEOHPHGLDVRXUFHV6HOHFWWKHPHGLDVRXUFH,IWKHPHGLDVRXUFHFRQWDLQVPXVLFILOHVWKHVHZLOOEHSOD\HG7KHFRUUHVSRQGLQJEDVLFPHQXZLOOEHVKRZQ8VLQJWKHQXPEHUNH\SDGG,I\RXWRXFKDNH\LQWKHWRXFKVHQVLWLYHQXPEHUNH\SDGWKHQXPEHUILHOGLVGLVSOD\HGLQWKHDGGLWLRQDOGLVSOD\DUHD7RXFKDQ\QXPEHUNH\ZKHQLQPHGLDPRGH7KHQXPEHUILHOGLVVKRZQ7KHDFWLYHPHGLDVRXUFHLVKLJKOLJKWHG7RVHOHFWDPHGLDVRXUFHSUHVVWKHFRUUHVSRQGLQJQXPEHUNH\,IWKHPHGLDVRXUFHFRQWDLQVPXVLFILOHVWKHVHZLOOEHSOD\HG7KHFRUUHVSRQGLQJEDVLFPHQXZLOOEHVKRZQ7RHQWHUDWUDFNQXPEHUXVHWKHQXPEHUNH\SDGWRHQWHUWKHGHVLUHGQXPEHUV7KHWUDFNLVSOD\HG8VLQJWKHGHYLFHOLVW,QPHGLDPRGHVOLGHRdWKHFRQWUROOHU7KHPHGLDPHQXEDUDSSHDUV7RVHOHFW'HYLFHVWXUQWKHFRQWUROOHUDQGSUHVVWRFRQILUP7KHDYDLODEOHPHGLDVRXUFHVZLOOEHVKRZQ7KH;GRWLQGLFDWHVWKHFXUUHQWVHWWLQJ6HOHFWWKHPHGLDVRXUFH,IWKHPHGLDVRXUFHFRQWDLQVPXVLFILOHVWKHVHZLOOEHSOD\HG7KHFRUUHVSRQGLQJEDVLFPHQXZLOOEHVKRZQ$XGLRPRGH,PSRUWDQWVDIHW\QRWHV:$51,1*7KH&''9'GULYHLVDFODVVODVHUSURGXFW,I\RXRSHQWKH&''9'GULYHKRXVLQJ\RXFRXOGEHH[SRVHGWRLQYLVLEOHODVHUUDGLDWLRQ7KLVODVHUUDGLDWLRQFRXOGGDPDJH\RXUUHWLQD7KHUHLVDULVNRILQMXU\1HYHURSHQWKHKRXVLQJ$OZD\VKDYHPDLQWHQDQFHDQGUHSDLUZRUNFDUULHGRXWDWDTXDOLILHGVSHFLDOLVWZRUNVKRS:$51,1*2QO\ZKHQWKHYHKLFOHLVVWDWLRQDU\VKRXOG\RX=LQVHUWDGDWDFDUULHU=HMHFWDGLVF7KHUHLVDULVNRIEHLQJGLVWUDFWHGIURPWKHURDGDQGWUDIILFFRQGLWLRQVLI\RXLQVHUWRUHMHFWDGLVFZKLOHWKHYHKLFOHLVLQPRWLRQ$XGLRPRGH 0HGLD
,QVHUWLQJDQGUHPRYLQJD&'IURPWKHVLQJOH&'GULYH%HIRUHLQVHUWLQJD&'HQVXUHWKDWWKHFXSKROGHULVHPSW\7RLQVHUWSUHVVWKHøEXWWRQRQWKHVLQJOHGULYH,IWKHUHLVDGLVFDOUHDG\LQVHUWHGLWZLOOEHHMHFWHG,QVHUWDGLVFLQWRWKHGLVFVORWZLWKWKHSULQWHGVLGHIDFLQJXSZDUGV7KHGULYHFORVHVDQGWKHGLVFLVSOD\HG,IWKH&'LVRSHUDWHGLQ0HGLDPRGHWKHFRUUHVSRQGLQJEDVLFPHQXZLOOEHVKRZQ,IWKH&'LVVWDUWHGXVLQJDQRWKHUDSSOLFDWLRQHJQDYLJDWLRQWKHGLVSOD\ZLOOQRWFKDQJHG7KHGULYHPD\QRWEHDEOHWRSOD\GLVFVZLWKFRS\SURWHFWLRQ7RUHPRYHSUHVVWKHøEXWWRQ7KHGULYHHMHFWVWKHGLVF5HPRYHWKHHMHFWHGGLVFIURPWKHVORW,I\RXGRQRWWDNHWKHGLVFRXWRIWKHVORWLWLVGUDZQLQDJDLQDXWRPDWLFDOO\DIWHUDVKRUWZKLOH0HQXRYHUYLHZ&'PRGHEDVLFGLVSOD\C6WDWXVEDUD0DLQIXQFWLRQEDU7UDFNGLVSOD\RQWKHGLVF7UDFNQXPEHUQXPEHURIVRQJVLQWKHWUDFNOLVW$UWLVWDQGDOEXP0HGLDPHQXEDUk3OD\EDFNWLPHIRUWKHFXUUHQWWUDFNl&OLPDWHFRQWUROVWDWXVEDUm(ODSVHGSOD\EDFNWLPHIRUWKHFXUUHQWWUDFNn*UDSKLFWLPHGLVSOD\o$GGLWLRQDOGLVSOD\DUHDZLWKFRYHUYLHZ,QVHUWLQJDQGHMHFWLQJDQ6'PHPRU\FDUG,PSRUWDQWVDIHW\QRWHV:$51,1*6'PHPRU\FDUGVDUHVPDOOSDUWV7KH\FDQEHVZDOORZHGDQGFDXVHDVSK\[LDWLRQ7KLVSRVHVDQLQFUHDVHGULVNRILQMXU\RUHYHQIDWDOLQMXU\.HHS6'PHPRU\FDUGVRXWRIWKHUHDFKRIFKLOGUHQ,IDQ6'PHPRU\FDUGLVVZDOORZHGVHHNLPPHGLDWHPHGLFDODWWHQWLRQ,I\RXDUHQRORQJHUXVLQJWKH6'PHPRU\FDUG\RXVKRXOGUHPRYHLW+LJKWHPSHUDWXUHVFDQGDPDJHWKHFDUG$XGLRVXSSRUWV6'PHPRU\FDUGV6HFXUH'LJLWDO6'+&PHPRU\FDUGV6HFXUH'LJLWDO+LJK&DSDFLW\DQG6';&PHPRU\FDUGV6HFXUH'LJLWDOH;WHQGHG&DSDFLW\,QVHUWLQJDQ6'PHPRU\FDUG,QVHUWWKH6'PHPRU\FDUGLQWRWKH6'FDUGVORWLQWKHVWRZDJHVSDFHXQGHUWKHDUPUHVWXQWLOWKH6'PHPRU\FDUGHQJDJHVLQWRSODFH7KHVLGHZLWKWKHFRQWDFWVPXVWIDFHGRZQZDUGV7KHPXVLFLVSOD\HGZKLOHWKHILOHVDUHORDGHGLQWKHEDFNJURXQG,IWKHUHDUHQRVXSSRUWHGDXGLRILOHV\RXZLOOVHHDPHVVDJHWRWKLVHIIHFWG,IWKH6'PHPRU\FDUGIRUQDYLJDWLRQLVLQVHUWHGLQWRWKH6'FDUGVORW\RXFDQVWLOOVHOHFWWKHPHPRU\FDUGDVDPHGLDVRXUFH7KH11R0HPRU\&DUG,QVHUWHGPHVVDJHWKHQDSSHDUV $XGLRPRGH0HGLD
(MHFWLQJDQ6'PHPRU\FDUG3UHVVWKHPHPRU\FDUG7KHPHPRU\FDUGLVHMHFWHG5HPRYHWKHPHPRU\FDUG&RQQHFWLQJ86%GHYLFHV7KHUHDUHWZR86%SRUWVLQWKHVWRZDJHVSDFHXQGHUWKHDUPUHVW&RQQHFWWKH86%GHYLFHWRWKH86%SRUW7KHGDWDPHGLXPZLOORQO\EHSOD\HGDQGWKHILOHVZLOORQO\EHORDGHGLQWKHEDFNJURXQGLIWKHFRUUHVSRQGLQJPHGLDGLVSOD\LVYLVLEOH2WKHUZLVHWKHV\VWHPGRHVQRWDXWRPDWLFDOO\VZLWFKWR86%,IWKHUHDUHQRVXSSRUWHGDXGLRILOHV\RXZLOOVHHDPHVVDJHWRWKLVHIIHFWG03SOD\HUVPXVWVXSSRUW0HGLD7UDQVIHU3URWRFRO073$FWLYDWLQJPHGLDPRGH6ZLWFKLQJRQDXWRPDWLFDOO\$IWHUDQH[WHUQDOPHGLDVRXUFHKDVEHHQFRQQHFWHG$XGLRZLOORQO\DFWLYDWHWKHFRUUHVSRQGLQJPHGLDPRGHDXWRPDWLFDOO\DQGVKRZWKHEDVLFGLVSOD\LQWKHFDVHRI&'VDQG6'FDUGV,IWKH&'LVVWDUWHGXVLQJDQRWKHUDSSOLFDWLRQHJQDYLJDWLRQWKHGLVSOD\ZLOOQRWFKDQJH:KHQXVLQJ86%GHYLFHVGHSHQGLQJRQWKHYHKLFOHVHTXLSPHQWWKHUHOHYDQW0HGLD,QWHUIDFHRU86%EDVLFGLVSOD\PXVWDOUHDG\EHDFWLYDWHG,QVHUW&'VSDJHRU,QVHUWD6'PHPRU\FDUGSDJHRU&RQQHFWD86%GHYLFHSDJH$XGLRORDGVWKHLQVHUWHGPHGLXPDQGSOD\EDFNVWDUWVDXWRPDWLFDOO\)XUWKHURSWLRQVIRUVZLWFKLQJRQ=8VLQJWKHQXPEHUNH\SDGSDJH=8VLQJWKHPDLQIXQFWLRQEDUSDJH=8VLQJWKHGHYLFHOLVWSDJH=8VLQJWKHýEXWWRQSDJH2SWLRQVPHQX,Q0HGLDPRGHVOLGHRdWKHFRQWUROOHU7KHPHGLDPHQXEDULVVKRZQ7RVHOHFW22SWLRQVWXUQDQGSUHVVWKHFRQWUROOHU3OD\PRGH7RVHOHFW3OD\EDFN0RGHWXUQDQGSUHVVWKHFRQWUROOHU6HOHFW1RUPDO7UDFN6HTXHQFH7KHFXUUHQWWUDFNOLVWLVSOD\HGLQWKHRUGHULWDSSHDUVRQWKHGDWDPHGLXP6HOHFW5DQGRP7UDFN/LVW7KHFXUUHQWWUDFNOLVWLVSOD\HGLQUDQGRPRUGHU6HOHFW5DQGRP0HGLXP$OOWUDFNVRQWKHGDWDPHGLXPDUHSOD\HGLQUDQGRPRUGHU$XGLRPRGH 0HGLD
'LUHFWWUDFNHQWU\7RVHOHFW77UDFN1XPEHUWXUQDQGSUHVVWKHFRQWUROOHU$SRSXSPHQXDSSHDUV8VHWKHQXPEHUNH\SDGWRHQWHUWKHGHVLUHGWUDFNQXPEHU6NLSWRWLPH7RVHOHFW6NLSWR7LPHWXUQDQGSUHVVWKHFRQWUROOHU$SRSXSPHQXDSSHDUV7RVHWWKHWLPHWXUQWKHFRQWUROOHURU6HWWKHGHVLUHGWLPHXVLQJWKHQXPEHUNH\SDG6HOHFWDFWLYHSDUWLWLRQ7RVHOHFW6HOHFW$FWLYH3DUWLWLRQWXUQDQGSUHVVWKHFRQWUROOHU:LWKWKH6HOHFW$FWLYH3DUWLWLRQRSWLRQ\RXFDQVHOHFWDSDUWLWLRQLQWKH86%GDWDPHGLXP6KRZWUDFNLQIRUPDWLRQ&KHFNLQJRUXQFKHFNLQJWKHER[EHIRUH6KRZ7UDFN,QIRUPDWLRQGLVSOD\VRUKLGHVWKHLQIRUPDWLRQRQWKHWUDFNDUWLVWDQGDOEXPLQWKHPDLQGLVSOD\ILHOG6WRSDQGSOD\EDFNIXQFWLRQ7RVWRSSOD\EDFNLQDXGLRPRGHVOLGHRdWKHFRQWUROOHU7KHPHGLDPHQXEDULVVKRZQ7RDFWLYDWHÏLQWKHPHGLDPHQXEDUWXUQWKHFRQWUROOHUDQGSUHVVWRFRQILUP3OD\EDFNLVLQWHUUXSWHGKHUH7KHGLVSOD\FKDQJHVWRÐ7RFRQWLQXHSOD\EDFNLQDXGLRPRGHVOLGHRdWKHFRQWUROOHU7KHPHGLDPHQXEDULVVKRZQ7RDFWLYDWHÐLQWKH0HGLDPHQXEDUWXUQDQGSUHVVWKHFRQWUROOHU3OD\EDFNLVFRQWLQXHGIURPWKHSRLQWRILQWHUUXSWLRQ7KHV\PEROFKDQJHVWRÏ6HOHFWLQJDWUDFN6HOHFWLQJXVLQJWKHFXUUHQWWUDFNOLVW7RGLVSOD\WKHFXUUHQWWUDFNOLVWSUHVVWKHFRQWUROOHULQWKHEDVLFGLVSOD\7KHFDWHJRU\OLVWDSSHDUV6HOHFWWKHFXUUHQWWUDFNOLVW7RVHOHFWDWUDFNWXUQWKHFRQWUROOHUDQGSUHVVWRFRQILUP6HOHFWLQJE\VNLSSLQJWRDWUDFN7RVNLSIRUZDUGVRUEDFNZDUGVWRDWUDFNWXUQRUEULHIO\VOLGHRWKHFRQWUROOHULQWKHPHGLDEDVLFGLVSOD\ $XGLRPRGH0HGLD
7KHVHDUFKPHQX,QPHGLDPRGHVOLGHRdWKHFRQWUROOHU7KHPHGLDPHQXEDULVVKRZQ7RVHOHFW66HDUFKWXUQDQGSUHVVWKHFRQWUROOHU7KHFDWHJRU\OLVWLVVKRZQ6HOHFWDFDWHJRU\HJ7KHVHDUFKPHQX*HQUHV6XEFDWHJRULHVDSSHDUZLWKWKHVHOHFWLRQRIWKHPDLQFDWHJRU\GHSHQGVRQWKH$XGLRGHIDXOWVHWWLQJVDQGWKHPXVLFWUDFNVDYDLODEOH6HOHFWDVXEFDWHJRU\HJ5RFN,IWKH5RFNVXEFDWHJRU\LQFOXGHVPXVLFWUDFNVWKHVHZLOOEHVKRZQ1RWHVRQDXGLRPRGH3HUPLVVLEOHGDWDFDUULHUV=&'5&'$DQG&'5:=6'PHPRU\FDUG=86%VWRUDJHGHYLFH3HUPLVVLEOHILOHV\VWHPV=,62-ROLHWVWDQGDUGIRU&'V=)$7)$7H[)$7DQG17)6IRU6'PHPRU\FDUGDQG86%VWRUDJHPHGLD0XOWLVHVVLRQ&'V)RUPXOWLVHVVLRQ&'VWKHFRQWHQWRIWKHILUVWVHVVLRQGHWHUPLQHVKRZ$XGLRZLOOSURFHVVWKH&'$XGLRSOD\VRQO\RQHVHVVLRQDQGJLYHVSULRULW\WRWKHDXGLR&'VHVVLRQ)LOHVWUXFWXUHRIDGDWDFDUULHU:KHQ\RXFUHDWHDGLVFZLWKFRPSUHVVHGPXVLFILOHVWKHWUDFNVFDQEHRUJDQL]HGLQIROGHUV$IROGHUPD\DOVRFRQWDLQVXEIROGHUV7KHGLVFPD\FRQWDLQQRPRUHWKDQHLJKWGLUHFWRU\OHYHOV)LOHVEH\RQGWKHHLJKWKOHYHOZLOOQRWEHUHFRJQL]HGE\WKHV\VWHPG$XGLRVXSSRUWVXSWRILOHVIURPRQHGDWDPHGLXP)RUGDWDPHGLDZLWKPRUHWKDQ*%RQO\ILOHVLQWKHIROORZLQJIROGHUVDUHVXSSRUWHG0XVLF3LFWXUHV7UDFNDQGILOHQDPHV:KHQ\RXFUHDWHDGLVFZLWKFRPSUHVVHGPXVLFILOHV\RXFDQDVVLJQQDPHVWRWKHWUDFNVDQGIROGHUV,I03RU:0$ILOHVDUHVWRUHGLQWKHURRWGLUHFWRU\LWVHOIWKHURRWGLUHFWRU\ZLOODOVREHWUHDWHGDVDIROGHU<RXVKRXOGREVHUYHWKHIROORZLQJZKHQDVVLJQLQJWUDFNQDPHV=WUDFNQDPHVPXVWKDYHDWOHDVWRQHFKDUDFWHU=WUDFNQDPHVPXVWKDYHDQH[WHQVLRQRIDVXSSRUWHGDXGLRIRUPDWHJPSRUDDF=WKHUHPXVWEHDGRWEHWZHHQWKHWUDFNQDPHDQGWKHH[WHQVLRQ([DPSOHRIDFRUUHFWWUDFNQDPH7UDFNPS$XGLRPRGH 0HGLD
3HUPLVVLEOHIRUPDWV$XGLRVXSSRUWVWKHIROORZLQJDXGLRIRUPDWV=03=:0$=&'$=$$&IRUPDWVDDFPSPDDQGPE&RS\SURWHFWHGL7XQHVPXVLFILOHVZLWKWKHPSILOHHQGLQJDUHQRWVXSSRUWHG3HUPLVVLEOHELWDQGVDPSOLQJUDWHV$XGLRVXSSRUWVWKHIROORZLQJW\SHVRI03ILOHV=IL[HGDQGYDULDEOHELWUDWHVIURPNELWVWRNELWV=VDPSOLQJUDWHVRIN+]WRN+]$XGLRVXSSRUWVWKHIROORZLQJW\SHVRI:0$ILOHV=IL[HGELWUDWHVIURPNELWVWRNELWV=VDPSOLQJUDWHVRIN+]WRN+]$XGLRGRHVQRWVXSSRUWWKHIROORZLQJW\SHVRI:0$ILOHV='50'LJLWDO5LJKWV0DQDJHPHQWHQFU\SWHGILOHV=YDULDEOHELWUDWH=:0$3UR=VXUURXQGVRXQGG2QO\XVHWUDFNVZLWKDELWUDWHRIDWOHDVWNELWVDQGDVDPSOLQJUDWHRIDWOHDVWN+]/RZHUUDWHVFDQFDXVHDQRWLFHDEOHGHWHULRUDWLRQLQTXDOLW\7KLVLVHVSHFLDOO\WKHFDVHLI\RXKDYHDFWLYDWHGDVXUURXQGVRXQGIXQFWLRQ6HOHFWLQJDQDFWLYHSDUWLWLRQ86%PDVVVWRUDJHGHYLFHVRQO\<RXFDQVHOHFWWKLVIXQFWLRQIRU86%VWRUDJHGHYLFHVZKHQWKHVWRUDJHGHYLFHLVSDUWLWLRQHG8SWRSDUWLWLRQVSULPDU\RUORJLFDO)$7)$7DQG17)6DUHVXSSRUWHG6HOHFWDFWLYHSDUWLWLRQ7RVHOHFW22SWLRQVLQWKH0HGLDPHQXEDUWXUQDQGSUHVVWKHFRQWUROOHU6HOHFW6HOHFW$FWLYH3DUWLWLRQ1RWHVRQFRS\ULJKW$XGLRILOHVWKDW\RXFUHDWHRUUHSURGXFH\RXUVHOIIRUSOD\EDFNDUHJHQHUDOO\VXEMHFWWRFRS\ULJKWSURWHFWLRQ,QPDQ\FRXQWULHVUHSURGXFWLRQVHYHQIRUSULYDWHXVHDUHQRWSHUPLWWHGZLWKRXWWKHSULRUFRQVHQWRIWKHFRS\ULJKWKROGHU0DNHVXUHWKDW\RXNQRZDERXWWKHDSSOLFDEOHFRS\ULJKWUHJXODWLRQVDQGWKDW\RXFRPSO\ZLWKWKHVH1RWHVRQFRPSDFWGLVFV'RQRWDIIL[VWLFNHUVRUODEHOVWRWKHGLVFV7KH\FRXOGSHHORIIDQGGDPDJHWKHGULYH7KHGULYHLVGHVLJQHGWRKROGGLVFVZKLFKFRPSO\ZLWKWKH(1VWDQGDUG7KHUHIRUH\RXFDQRQO\XVHGLVFVZLWKDPD[LPXPWKLFNQHVVRIPP,I\RXLQVHUWWKLFNHUGLVFVHJWKRVHWKDWFRQWDLQGDWDRQERWKVLGHV'9'RQRQHVLGHDQGDXGLRGDWDRQWKHRWKHUWKH\FDQQRWEHHMHFWHGDQGFDQGDPDJHWKHGULYH'RQRWXVHGLVFVZLWKDGLDPHWHURIFPHYHQZLWKDQDGDSWHU2QO\XVHURXQGGLVFVZLWKDGLDPHWHURIFP'LVFVZLWKFRS\SURWHFWLRQDUHQRWFRPSDWLEOHZLWKWKHDXGLR&'VWDQGDUG&RQVHTXHQWO\LWPD\QRWEHSRVVLEOHWRSOD\WKHPRQWKH$XGLRV\VWHP3OD\EDFNSUREOHPVPD\RFFXUZKHQSOD\LQJFRSLHGGLVFV7KHUHPD\EHSOD\EDFNSUREOHPVLI\RXSOD\&'VWKDW\RXKDYHFRSLHG\RXUVHOIZLWKDVWRUDJHFDSDFLW\RIPRUHWKDQ0%G$XGLRLVDEOHWRSOD\EDFNDXGLR&'VLQPXOWLFKDQQHODXGLRIRUPDW $XGLRPRGH0HGLD
0HGLDVHDUFK6WDUWLQJWKHPHGLDVHDUFK,Q0HGLDPRGHVOLGHRdWKHFRQWUROOHU7KHPHGLDPHQXEDUDSSHDUV7RVHOHFW66HDUFKWXUQDQGSUHVVWKHFRQWUROOHU7KHFDWHJRU\OLVWDSSHDUV*HQHUDOLQIRUPDWLRQ$XGLRSOD\VEDFNILOHVIURPWKHIROORZLQJGDWDPHGLXPV='LVFDXGLR&'=0HPRU\FDUG=86%VWRUDJHGHYLFH=$SSOHGHYLFHVIROGHU\HDUDQGSKRWRVDUHQRWDYDLODEOH7KHFDWHJRULHVDUHGLVSOD\HGDFFRUGLQJWRWKHGDWDDYDLODEOH&DWHJRU\OLVW,QPHGLDPRGHVOLGHRdWKHFRQWUROOHU7KHPHGLDPHQXEDULVVKRZQ7RVHOHFW6HDUFKWXUQDQGSUHVVWKHFRQWUROOHU7KHFDWHJRU\OLVWLVVKRZQ'HSHQGLQJRQWKHFRQQHFWHGPHGLDVRXUFHVDQGILOHVWKHIROORZLQJFDWHJRULHVDUHOLVWHG=&XUUHQW7UDFNOLVW=)ROGHUV=6HOHFW%\&RYHU=.H\ZRUG6HDUFK=$UWLVWV=$OEXPV=7UDFN=*HQUHV=<HDU=&RPSRVHUV=3KRWRVG7KHFDWHJRULHVDUHDYDLODEOHDVVRRQDVWKHHQWLUHPHGLDFRQWHQWKDVEHHQUHDGDQGDQDO\]HG,IWKHVDPHGHYLFHLVUHFRQQHFWHGZLWKXQFKDQJHGPHGLDFRQWHQWWKHVHFDWHJRULHVDUHDYDLODEOHPRUHTXLFNO\:KHQFRQQHFWLQJ$SSOHGHYLFHVWKHFDWHJRULHV³)ROGHU´³<HDU´DQG³3KRWRV´DUHQRWDYDLODEOH6HDUFKLQJE\FXUUHQWWUDFNOLVW7RVHOHFW&XUUHQW7UDFNOLVWLQWKHFDWHJRU\OLVWWXUQDQGSUHVVWKHFRQWUROOHU7KHVHOHFWLRQOLVWDSSHDUV6HOHFWWKHUHTXLUHGWUDFN6HDUFKLQJE\IROGHU3OD\DEOHILOHVFDQEHVHDUFKHGIRULQWKHDFWLYHGDWDPHGLXPVGLUHFWRULHV0HGLDVHDUFK 0HGLD
7RVHOHFW))ROGHUVLQWKHFDWHJRU\OLVWWXUQDQGSUHVVWKHFRQWUROOHU7KHIROGHUOLVWDSSHDUV6HOHFWWKHUHTXLUHGIROGHU7KHWUDFNOLVWDSSHDUV6HOHFWWKHUHTXLUHGWUDFN6HOHFW%\&RYHU7RVHOHFW6HOHFW%\&RYHULQWKHFDWHJRU\OLVWWXUQDQGSUHVVWKHFRQWUROOHU$PHQXZLWKFRYHUYLHZVDSSHDUV$XGLRVHDUFKHVDOOPHGLDVRXUFHV7RPRYHWKHGHVLUHGIROGHUWRWKHIURQWWXUQWKHFRQWUROOHU7KHWUDFNOLVWDSSHDUV7RVHOHFWWKHGHVLUHGWUDFNWXUQDQGSUHVVWKHFRQWUROOHU6HDUFKLQJE\JHQUH7RVHOHFW*HQUHVLQWKHFDWHJRU\OLVWWXUQDQGSUHVVWKHFRQWUROOHU$XGLRVHDUFKHVDOOPHGLDVRXUFHV$VHOHFWLRQOLVWZLWK*HQUHVDQGPHGLDVRXUFHVDSSHDUV6HOHFWWKHGHVLUHG*HQUHV$VHOHFWLRQOLVWZLWKPXVLFWUDFNVIURPWKHVHOHFWHGJHQUHDSSHDUV6HOHFWDPXVLFWUDFN7KHWUDFNLVSOD\HG7KHEDVLFPHQXIRUWKHDFWLYHPHGLDVRXUFHLVVKRZQ7RH[LWWKHVHOHFWLRQOLVWSUHVVWKH8EXWWRQ.H\ZRUGVHDUFK7RVHOHFW.H\ZRUG6HDUFKLQWKHFDWHJRU\OLVWWXUQDQGSUHVVWKHFRQWUROOHU7KHLQSXWILHOGDSSHDUV7RVHOHFWWKHGHVLUHGFKDUDFWHUVWXUQDQGSUHVVWKHFRQWUROOHUIRUHDFKFKDUDFWHU(QWHULQJMXVWSDUWRIWKHQDPHRIDWUDFNRUDUWLVWLVHQRXJK7KHVHDUFKUHVXOWWKHQGLVSOD\VWKHHQWLUHWH[W6HOHFWT7KHVHDUFKUHVXOWVDUHGLVSOD\HG7KHQXPEHUVEHKLQGWKHUHVXOWVDVVKRZQLQWKHH[DPSOH$UWLVWVUHSUHVHQWUHVXOWVWKDWPDWFKWKHNH\ZRUGH[DFWO\DQGUHVXOWVWKDWDUHVLPLODU6HOHFWRQHRIWKHUHVXOWV.H\ZRUGVWKDWKDYHDOUHDG\EHHQVHDUFKHGIRUDUHGLVSOD\HGLQWKH6HDUFKKLVWRU\ZLWKRXWKDYLQJWRHQWHUWKHPFRPSOHWHO\ 0HGLDVHDUFK0HGLD
7KH\FDQEHDFFHSWHGGLUHFWO\DQGGLVSOD\HGLQWKHVHDUFKUHVXOW6HOHFWRQHHQWU\HJڋ$$UWLVWV$OEXPVDQGFRYHUVLIDYDLODEOHDUHVKRZQ$XGLRVHDUFKHVDOOPHGLDVRXUFHV6HOHFWDQDOEXP7KHWUDFNVDUHOLVWHG6HOHFWDWUDFN7KHEDVLFGLVSOD\DSSHDUVDQGSOD\EDFNVWDUWV%OXHWRRWKDXGLRPRGH&RQQHFWLQJ%OXHWRRWKDXGLRGHYLFHV3UHUHTXLVLWHV$FWLYDWHWKH%OXHWRRWKIXQFWLRQLQ$XGLRSDJH%OXHWRRWKDXGLRPRGHUHTXLUHVD%OXHWRRWKFDSDEOHDXGLRGHYLFH&KHFN\RXU%OXHWRRWKDXGLRGHYLFHIRUWKHIROORZLQJVHHWKH%OXHWRRWKDXGLRGHYLFHVRSHUDWLQJLQVWUXFWLRQV=%OXHWRRWKDXGLRSURILOH7KH%OXHWRRWKDXGLRGHYLFHPXVWVXSSRUWWKH$'3DQG$95&3%OXHWRRWKDXGLRSURILOHV=%OXHWRRWKYLVLELOLW\&HUWDLQ%OXHWRRWKDXGLRGHYLFHVGRQRWMXVWUHTXLUHDFWLYDWLRQRIWKH%OXHWRRWKIXQFWLRQ,QDGGLWLRQ\RXUGHYLFHPXVWEHPDGHYLVLEOHWRRWKHUGHYLFHV=%OXHWRRWKGHYLFHQDPH7KLVGHYLFHQDPHLVSUHGHWHUPLQHGEXWFDQXVXDOO\EHFKDQJHG7RPDNHDFOHDUVHOHFWLRQRIWKH%OXHWRRWKGHYLFHSRVVLEOH0HUFHGHV%HQ]UHFRPPHQGVWKDW\RXFXVWRPL]HWKHGHYLFHQDPHVHHWKH%OXHWRRWKDXGLRGHYLFHVRSHUDWLQJLQVWUXFWLRQVG$'3$GYDQFHG$XGLR'LVWULEXWLRQ3URILOH%OXHWRRWKDXGLRSURILOHIRUDXGLRGDWDWUDQVPLVVLRQ$95&3$XGLR9LGHR5HPRWH&RQWURO3URILOH%OXHWRRWKDXGLRSURILOHIRUDXGLRGDWDSOD\EDFNG7KH%OXHWRRWKGHYLFHPXVWEHYLVLEOHIRUDXWKRUL]DWLRQ$IWHUDXWKRUL]DWLRQ$XGLRILQGVWKH%OXHWRRWKGHYLFHHYHQZKHQLWLVQRWYLVLEOH7KH%OXHWRRWKIXQFWLRQLQ$XGLRPXVWEHDFWLYDWHGSDJH*HQHUDOQRWHV%HIRUHXVLQJ\RXU%OXHWRRWKDXGLRGHYLFHZLWK$XGLRIRUWKHILUVWWLPH\RXZLOOQHHGWRDXWKRUL]HLW:KHQ\RXDXWKRUL]HDQHZ%OXHWRRWKDXGLRGHYLFHLWLVFRQQHFWHGDXWRPDWLFDOO\&RQQHFWLRQLQYROYHVILUVWVHDUFKLQJIRUD%OXHWRRWKDXGLRGHYLFHDQGWKHQDXWKRUL]LQJLW%OXHWRRWKDXGLRPRGH 0HGLD
<RXFDQDXWKRUL]HXSWRILIWHHQ%OXHWRRWKGHYLFHVG,I\RXDXWKRUL]HDPRELOHSKRQHWKDWVXSSRUWV%OXHWRRWKDXGLRWKH$'3DQG$95&3%OXHWRRWKDXGLRSURILOHVDUHFRQQHFWHGDXWRPDWLFDOO\7KHPRELOHSKRQHLVWKHQHQWHUHG=LQWKH%OXHWRRWKWHOHSKRQHOLVWSDJH=LQWKH%OXHWRRWKGHYLFHOLVWSDJH0HUFHGHV%HQ]UHFRPPHQGVDXWKRUL]LQJDPRELOHSKRQHLQ%OXHWRRWKWHOHSKRQ\SDJHG,IWKHPRELOHSKRQHWKDWLVFRQQHFWHGRQO\VXSSRUWVWZR%OXHWRRWKSURILOHVDWWKHVDPHWLPH$XGLRIXQFWLRQVPD\EHKDYHDVIROORZV=ZKHQFRQQHFWLQJWRWKH,QWHUQHWSOD\EDFNLVVWRSSHGRQWKH%OXHWRRWKDXGLRGHYLFH=ZKHQVWDUWLQJSOD\EDFNRQWKH%OXHWRRWKDXGLRGHYLFHWKH,QWHUQHWFRQQHFWLRQLVHQGHG6HDUFKLQJIRUDQGDXWKRUL]LQJD%OXHWRRWKDXGLRGHYLFH6ZLWFKLQJWR%OXHWRRWKDXGLRPRGH3UHVVWKHýEXWWRQ7RVHOHFW%%OXHWRRWK$XGLRLQWKHPHQXWXUQDQGSUHVVWKHFRQWUROOHU$PHQXDSSHDUV,I\RXVHHWKH1R%OXHWRRWK$XGLR'HYLFH&RQQHFWHGPHVVDJH\RXZLOOQHHGWRDXWKRUL]HWKH%OXHWRRWKDXGLRGHYLFHILUVW7RVHOHFW2SWLRQVLQWKH%OXHWRRWKDXGLRPHQXVOLGHRÅDQGSUHVVWKHFRQWUROOHU7RVHOHFWڋ%OXHWRRWK$XGLR'HYLFHVSUHVVWKHFRQWUROOHU$QHZPHQXDSSHDUVC%OXHWRRWKDXGLRSOD\HUZLWKLQUDQJHDQGDOUHDG\DXWKRUL]HGD1HZO\GHWHFWHGPRELOHSKRQHZLWK%OXHWRRWKDXGLRPRGHLQUDQJH7KH%OXHWRRWKGHYLFHOLVWGLVSOD\VDOODXWKRUL]HGGHYLFHVZKHWKHUWKH\DUHZLWKLQUDQJHRUQRW$IWHUDGHYLFHVHDUFKGHYLFHVZKLFKDUHZLWKLQUDQJHEXWQRWDXWKRUL]HGDUHDOVRGLVSOD\HG6HDUFKLQJIRU%OXHWRRWKDXGLR7RVHOHFWڋ6HDUFKIRU$XGLR'HYLFHVSUHVVWKHFRQWUROOHU$GLVSOD\ZLWKWH[WDSSHDUV6HOHFW6WDUW6HDUFK$XGLRVHDUFKHVIRU%OXHWRRWKDXGLRGHYLFHVZLWKLQUDQJHDQGDGGVWKHPWRWKH%OXHWRRWKGHYLFHOLVW7KHGXUDWLRQRIWKHVHDUFKGHSHQGVRQWKHQXPEHURI%OXHWRRWKDXGLRGHYLFHVZLWKLQUDQJHDQGWKHLUFKDUDFWHULVWLFVG2QVRPH%OXHWRRWKDXGLRGHYLFHVSOD\EDFNKDVWREHVWDUWHGRQWKHGHYLFHLWVHOIILUVWVRWKDW$XGLRFDQSOD\WKHDXGLRILOHV%OXHWRRWKPXVWDOVREHJLYHQDVD %OXHWRRWKDXGLRPRGH0HGLD
PHGLDRXWSXWORFDWLRQIRUWKHDXGLRGHYLFHXVHG$XWKRUL]LQJ%OXHWRRWKDXGLR6HOHFWD%OXHWRRWKDXGLRGHYLFHWKDWKDVQRW\HWEHHQDXWKRUL]HGIURPWKHOLVWWXUQDQGSUHVVWKHFRQWUROOHU$XWKRUL]DWLRQVWDUWV'HSHQGLQJRQWKH%OXHWRRWKDXGLRGHYLFHXVHG\RXQRZKDYHWZRRSWLRQVIRUFRQWLQXLQJZLWKDXWKRUL]DWLRQ2SWLRQHQWHULQJWKHSDVVNH\<RXFDQILQGLQIRUPDWLRQRQWKLVLQWKH$XWKRUL]LQJUHJLVWHULQJDPRELOHSKRQHVHFWLRQSDJH$IWHUVXFFHVVIXODXWKRUL]DWLRQWKH%OXHWRRWKDXGLRGHYLFHLVFRQQHFWHGDQGVWDUWVSOD\LQJ2SWLRQ6HFXUH6LPSOH3DLULQJG7KH%OXHWRRWKDXGLRGHYLFHPXVWVXSSRUW%OXHWRRWKYHUVLRQIRUFRQQHFWLRQYLD6HFXUH6LPSOH3DLULQJ$XGLRڊFUHDWHVDVL[GLJLWFRGHZKLFKLVGLVSOD\HGVLPXOWDQHRXVO\RQERWKGHYLFHVWKDWDUHWREHFRQQHFWHG)RUVRPH%OXHWRRWKDXGLRGHYLFHVWKHSDLULQJPXVWEHFRQILUPHGZLWKLQVHFRQGV,IWKHQXPEHUFRGHGLVSOD\HGRQ$XGLRDQGRQWKH%OXHWRRWKDXGLRGHYLFHLVWKHVDPHVHOHFW<<HVSUHVVWKHFRQWUROOHU,I\RXVHOHFW<HVDXWKRUL]DWLRQFRQWLQXHVDQGWKH%OXHWRRWKDXGLRGHYLFHLVFRQQHFWHG3OD\EDFNVWDUWV,I\RXVHOHFW1RDXWKRUL]DWLRQZLOOEHFDQFHOHG([WHUQDODXWKRUL]DWLRQ,I$XGLRGRHVQRWILQG\RXU%OXHWRRWKDXGLRGHYLFHWKLVPD\EHGXHWRSDUWLFXODUVHFXULW\VHWWLQJVRQ\RXU%OXHWRRWKDXGLRGHYLFH,QWKLVFDVHFKHFNZKHWKHUFRQYHUVHO\\RXU%OXHWRRWKDXGLRGHYLFHFDQORFDWHWKH$XGLRV\VWHP7KH%OXHWRRWKGHYLFHQDPHIRU$XGLRLV0%%OXHWRRWK6ZLWFKRQ%OXHWRRWKDXGLRPRGHSDJH7RVHOHFW2SWLRQVVOLGHRÅDQGSUHVVWKHFRQWUROOHU7RVHOHFWڋ%OXHWRRWK$XGLR'HYLFHVSUHVVWKHFRQWUROOHU7RVHOHFW&RQQHFWYLD$XGLR'HYLFHWXUQDQGSUHVVWKHFRQWUROOHU$XWKRUL]LQJ6WDUWWKHDXWKRUL]DWLRQRQWKH%OXHWRRWKDXGLRGHYLFHVHHWKHRSHUDWLQJLQVWUXFWLRQVRIWKH%OXHWRRWKDXGLRGHYLFH$IWHUVXFFHVVIXODXWKRUL]DWLRQWKH%OXHWRRWKDXGLRGHYLFHLVFRQQHFWHGDQGVWDUWVSOD\LQJ2QVRPH%OXHWRRWKDXGLRGHYLFHVSOD\EDFNKDVWREHVWDUWHGRQWKHGHYLFHLWVHOIILUVWVRWKDW$XGLRFDQSOD\WKHDXGLRILOHV5HFRQQHFWLQJD%OXHWRRWKDXGLRGHYLFH7KH%OXHWRRWKDXGLRSURILOHVDUHFRQQHFWHGDXWRPDWLFDOO\XQGHUWKHIROORZLQJFLUFXPVWDQFHV=RQHRIWKHODVWWZRPRELOHSKRQHVWRKDYHEHHQFRQQHFWHGKDVDOVREHHQXVHGDVD%OXHWRRWKDXGLRPRGH 0HGLD
%OXHWRRWKDXGLRSOD\HULIWKLVIXQFWLRQLVVXSSRUWHGE\WKHPRELOHSKRQH=WKHPRELOHSKRQHLVDXWRPDWLFDOO\FRQQHFWHG7KHQWKH%OXHWRRWKDXGLRSURILOHVDUHDOVRFRQQHFWHGG)RUDQDXWRPDWLFFRQQHFWLRQZLWK$XGLRWKHWHOHSKRQHPXVWEHZLWKLQUDQJH)RUPRVW%OXHWRRWKDXGLRGHYLFHVWKHDXWRPDWLFFRQQHFWLRQPXVWEHDFWLYDWHGE\FKHFNLQJDER['HSHQGLQJRQWKHGHYLFHXVHGWKLVSURPSWRIWHQWDNHVSODFHZKHQDXWKRUL]LQJVHHWKH%OXHWRRWKDXGLRGHYLFHRSHUDWLQJLQVWUXFWLRQV,IWKH11R%OXHWRRWK$XGLR'HYLFH&RQњQHFWHGPHVVDJHDSSHDUV\RXKDYHWZRRSWLRQVWRUHFRQQHFWWKH%OXHWRRWKDXGLRGHYLFH2SWLRQ7RFRQILUP&RQQHFW'HYLFHLQWKHEDVLFGLVSOD\SUHVVWKHFRQWUROOHU,I$XGLRFDQORFDWHWKH%OXHWRRWKDXGLRGHYLFHLWZLOOEHFRQQHFWHGDQGSOD\EDFNZLOOVWDUW2SWLRQ7RVHOHFW2SWLRQVVOLGHRÅDQGSUHVVWKHFRQWUROOHU7RVHOHFWڋ%OXHWRRWK$XGLR'HYLFHVSUHVVWKHFRQWUROOHU7RVHOHFWD%OXHWRRWKDXGLRGHYLFHWXUQDQGSUHVVWKHFRQWUROOHU,IWKH%OXHWRRWKDXGLRGHYLFHKDVEHHQDXWKRUL]HGSOD\EDFNVWDUWV%OXHWRRWKDXGLRGHYLFHDQGVLPXOWDQHRXVVHDUFKIRUPRELOHSKRQHVG:KHQVHDUFKLQJIRUDPRELOHSKRQHRUDQHZ%OXHWRRWKDXGLRGHYLFHWKHFRQQHFWLRQWRDQDOUHDG\DFWLYDWHG%OXHWRRWKDXGLRGHYLFHLVVHSDUDWHGSDJH,QWKH%OXHWRRWKDXGLREDVLFGLVSOD\\RXZLOOVHHWKH1R%OXHWRRWK$XGLR'HYLFH&RQњQHFWHGPHVVDJHDQGWKH&RQQHFW'HYLFHPHQXLWHPFDQQRWEHVHOHFWHG'LVSOD\LQJGHWDLOV7RVHOHFWD%OXHWRRWKDXGLRGHYLFHIURPWKH%OXHWRRWKGHYLFHOLVWWXUQWKHFRQWUROOHU7RVHOHFWWKHV\PEROWRWKHULJKWRIWKH%OXHWRRWKDXGLRGHYLFHVOLGHRWKHFRQWUROOHU7RVHOHFW'HWDLOVWXUQDQGSUHVVWKHFRQWUROOHU7KHIROORZLQJLQIRUPDWLRQFRQFHUQLQJWKHVHOHFWHGPRELOHSKRQHLVVKRZQ=%OXHWRRWKQDPH=%OXHWRRWKDGGUHVV=DYDLODELOLW\VWDWXVVKRZQDIWHUDQXSGDWH=DXWKRUL]DWLRQVWDWXV7RFORVHWKHGHWDLOHGGLVSOD\SUHVVWKH8EXWWRQ'HDXWKRUL]LQJGHUHJLVWHULQJD%OXHWRRWKDXGLRGHYLFH7RVHOHFWD%OXHWRRWKDXGLRGHYLFHIURPWKH%OXHWRRWKGHYLFHOLVWWXUQWKHFRQWUROOHU7RVHOHFWWKHV\PEROWRWKHULJKWRIWKH%OXHWRRWKDXGLRGHYLFHVOLGHRDQGSUHVVWKHFRQWUROOHU7RVHOHFWڋ'HDXWKRUL]HSUHVVWKHFRQWUROOHU$SURPSWDSSHDUVDVNLQJZKHWKHU\RXUHDOO\ZLVKWRGHDXWKRUL]HWKLVGHYLFH7RVHOHFW<HVRU1RWXUQDQGSUHVVWKHFRQWUROOHU,I\RXVHOHFW<HVWKHGHYLFHZLOOEHGHOHWHGIURPWKH%OXHWRRWKGHYLFHOLVW,I\RXVHOHFW1RWKHSURFHVVLVFDQFHOHGG%HIRUHUHDXWKRUL]LQJWKH%OXHWRRWKDXGLRGHYLFH\RXVKRXOGDOVRGHOHWHWKH %OXHWRRWKDXGLRPRGH0HGLD
GHYLFHQDPH00%%OXHWRRWKIURP\RXU%OXHWRRWKDXGLRGHYLFHV%OXHWRRWKOLVWVHHWKH%OXHWRRWKDXGLRGHYLFHVRSHUDWLQJLQVWUXFWLRQV6ZLWFKLQJWR%OXHWRRWKDXGLRPRGH%DVLFGLVSOD\C$XGLRWUDQVPLVVLRQVWDWXVGHSHQGLQJRQWKH%OXHWRRWKDXGLRGHYLFHDOVRWLWOHQDPHDQGDUWLVWD'DWDPHGLXPSRVLWLRQLQWKHPHGLDOLVW6RXQGVHWWLQJV'HYLFHOLVW7RVWRSÏRUVWDUWÐSOD\EDFN1DPHRIWKHFRQQHFWHG%OXHWRRWKDXGLRGHYLFHH[DPSOHk2SWLRQVPHQX6RPHPRELOHSKRQHVRQO\VXSSRUWWZR%OXHWRRWKSURILOHVDWWKHVDPHWLPHHJ+DQGV)UHH3URILOHIRU%OXHWRRWKWHOHSKRQ\DQG%OXHWRRWKDXGLRSURILOHIRUDXGLRVWUHDPLQJ,I\RXDFWLYDWH%OXHWRRWKDXGLRPRGHDQGWKHUHLVDOUHDG\DQDFWLYH,QWHUQHWFRQQHFWLRQWKLVFDQFDXVHWKHFRQQHFWLRQWREHWHUPLQDWHG6ZLWFKLQJWR%OXHWRRWK$XGLR3UHVVWKHýEXWWRQ7RVHOHFW%OXHWRRWK$XGLRLQWKHPHQXWXUQDQGSUHVVWKHFRQWUROOHU$XGLRDFWLYDWHVWKH%OXHWRRWKDXGLRGHYLFH7KHEDVLFGLVSOD\WKHQDSSHDUV3OD\EDFNVWDUWVG,IWKH%OXHWRRWKDXGLRGHYLFHFRQQHFWHGVXSSRUWVPHWDGDWDDQGFRUUHVSRQGLQJGDWDLVDYDLODEOHWKHQWKHDUWLVWWUDFNDQGDOEXPQDPHFDQEHGLVSOD\HG6WDUWLQJVWRSSLQJSOD\EDFN7RVHOHFW6WDUWSOD\EDFNÐWXUQDQGSUHVVWKHFRQWUROOHU3OD\EDFNVWDUWVÏLVVHOHFWHG7RVWRSSOD\EDFNVHOHFWÏ$PHVVDJHDSSHDUVÐLVVHOHFWHG7RFRQWLQXHSOD\EDFNVHOHFWÐ$PHVVDJHDSSHDUVÏLVVHOHFWHG6WDUWLQJSOD\EDFNLIWKH%OXHWRRWKDXGLRGHYLFHKDVEHHQVWRSSHG'XULQJWKHVHDUFKIRUPRELOHSKRQHVWKHFRQQHFWLRQZLWKWKH%OXHWRRWKDXGLRGHYLFHLVWHUPLQDWHGSDJH,QWKH%OXHWRRWKDXGLREDVLFGLVSOD\SDJH\RXZLOOVHHWKH1R%OXHWRRWK$XGLR'HYLFH&RQњQHFWHGPHVVDJHDQGWKH&RQQHFW/DVW8VHG3OD\HUPHQXLWHPFDQQRWEHVHOHFWHG:KHQWKHVHDUFKLVILQLVKHGWKH%OXHWRRWKDXGLRGHYLFHFDQEHUHFRQQHFWHG%OXHWRRWKDXGLRPRGH 0HGLD
7RVHOHFW6WDUWSOD\EDFNÐVOLGHRÅDQGSUHVVWKHFRQWUROOHU3OD\EDFNUHVXPHVIURPWKHEHJLQQLQJ7RVHOHFWڋ&&RQQHFW/DVW8VHG3OD\HUSUHVVWKHFRQWUROOHU'HSHQGLQJRQWKH%OXHWRRWKDXGLRGHYLFHXVHGSOD\EDFNVWDUWVLPPHGLDWHO\RU\RXPXVWVWDUWSOD\EDFNPDQXDOO\,QWKLVFDVH\RXZLOOVHHWKH%OXHWRRWK$XGLR'HYLFH3DXVHGڋPHVVDJHG,IWKHUHLVDQ,QWHUQHWFRQQHFWLRQDQGWKHPRELOHSKRQHWKDWLVFRQQHFWHGRQO\VXSSRUWVWZR%OXHWRRWKSURILOHVDWWKHVDPHWLPHWKH,QWHUQHWFRQQHFWLRQLVLQWHUUXSWHGG7KHFRQQHFWLRQWRWKH%OXHWRRWKDXGLRGHYLFHFDQDOVREHLQWHUUXSWHGLI=WKHFRQQHFWHGPRELOHSKRQHRQO\VXSSRUWV%OXHWRRWKSURILOHVDWWKHVDPHWLPH=\RXFRQQHFWWRWKH,QWHUQHWXVLQJ$XGLRSDJH6HOHFWLQJDWUDFN7KHIXQFWLRQLVQRWVXSSRUWHGE\DOO%OXHWRRWKDXGLRGHYLFHV6RPHPRELOHSKRQHVLPSDLUIXQFWLRQZLWKUHJDUGWRWKHIROORZLQJFULWHULD=WKHQXPEHURIWUDFNVWKDWFDQEHVHOHFWHG=WKHWLPHSHULRGXQWLOWKHQH[WRUSUHYLRXVWUDFNLVSOD\HG6ZLWFKWKHPXOWLIXQFWLRQVWHHULQJZKHHOWRWKHPHGLDPHQXVHHWKHYHKLFOH2SHUDWRUV0DQXDO7RVNLSIRUZDUGVRUEDFNZDUGVWRDWUDFNEULHIO\SUHVVWKHcRUdEXWWRQRQWKHPXOWLIXQFWLRQVWHHULQJZKHHO5DSLGVFUROOSUHVVDQGKROGWKHcRUdEXWWRQRQWKHPXOWLIXQFWLRQVWHHULQJZKHHOXQWLOWKHGHVLUHGWUDFNLVUHDFKHG,I\RXSUHVVDQGKROGWKHcRUdEXWWRQVWKHUDSLGVFUROOLQJVSHHGLQFUHDVHVDIWHUDVKRUWWLPHG,QUDSLGVFUROOWUDFNQDPHVDUHQRWVKRZQEXWLQVWHDGRQO\7UDFN7UDFNHWF7KHSOD\EDFNWLPHVIRUWKHWUDFNVSOD\HGDUHQRWGLVSOD\HG7KLVLVDYDLODEOHDVDQRSWLRQDOIXQFWLRQVWDUWLQJZLWK$95&39HUVLRQ7KHUHLVDOVRQRPXVLFVHDUFKRSWLRQDYDLODEOHZLWK%OXHWRRWK$XGLR6HOHFWLQJSOD\EDFNRSWLRQV,IWKH%OXHWRRWKDXGLRGHYLFHVXSSRUWVWKHFRUUHVSRQGLQJIXQFWLRQWKHIROORZLQJRSWLRQVDUHDYDLODEOH=1RUPDO7UDFN6HTXHQFHWKHWUDFNVDUHSOD\HGLQWKHQRUPDORUGHUHJWUDFNHWF$XGLRGDWDSOD\EDFNLVGHWHUPLQHGE\WKHRUGHULQZKLFKWKHWUDFNVDUHZULWWHQWRWKHGDWDPHGLXP$OSKDEHWLFDORUGHULVWKHPRVWFRPPRQ2QFHDOOWKHWUDFNVLQD %OXHWRRWKDXGLRPRGH0HGLD
IROGHUKDYHEHHQSOD\HGWKHWUDFNVLQWKHQH[WIROGHUDUHSOD\HG=55DQGRP7UDFN/LVWWKHFXUUHQWWUDFNOLVWLVSOD\HGLQUDQGRPRUGHUHJHWF=5DQGRP0HGLXPDOOWUDFNVRQWKHGDWDFDUULHUDUHSOD\HGLQUDQGRPRUGHUHJWUDFNHWF3OD\EDFNRSWLRQVDUHRSWLRQDOIXQFWLRQVDQGDUHQRWRURQO\SDUWLDOO\VXSSRUWHGE\%OXHWRRWKDXGLRGHYLFHV6HOHFWLQJSOD\EDFNRSWLRQV7RVHOHFW2SWLRQVWXUQDQGSUHVVWKHFRQWUROOHU6HOHFW3OD\EDFN0RGH$;GRWLQGLFDWHVWKHFXUUHQWVHWWLQJ6HOHFWWKHGHVLUHGRSWLRQ,I\RXVHOHFW5DQGRP7UDFN/LVW\RXZLOOVHHDFRUUHVSRQGLQJPHVVDJHLQWKHGLVSOD\VHOHFWLRQZLQGRZ,QFUHDVLQJWKH$XGLRYROXPH7RVHOHFW2SWLRQVVOLGHRÅDQGSUHVVWKHFRQWUROOHU7RVHOHFW9ROXPHWXUQDQGSUHVVWKHFRQWUROOHU$PHQXDSSHDUV7KH;GRWLQGLFDWHVWKHFXUUHQWVHWWLQJ6HOHFW6WDQGDUGRU%RRVW,QIRUPDWLRQRQVRXQGVHWWLQJVSDJH2SHUDWLRQZLWKWKH0HGLD,QWHUIDFH3UHUHTXLVLWH0HGLD,QWHUIDFHLVDXQLYHUVDOLQWHUIDFHIRUWKHFRQQHFWLRQRIPRELOHDXGLRGHYLFHV0HGLD,QWHUIDFHLQ$XGLRKDVWZR86%FRQQHFWLRQV7KH86%FRQQHFWLRQVRFNHWVDUHORFDWHGLQWKHVWRZDJHFRPSDUWPHQWXQGHUWKHDUPUHVW0HGLD,QWHUIDFHEDVLFGLVSOD\C0DLQIXQFWLRQEDUD'LVSOD\IRUWKHDFWLYHGDWDPHGLXP0HGLDPHQXEDU7LWOHGLVSOD\LQWKHPHGLDOLVW&XUUHQWWUDFNQXPEHULQWUDFNOLVW1XPHULFDOWLPHGLVSOD\k*UDSKLFWLPHGLVSOD\l$GGLWLRQDOGLVSOD\DUHDZLWKFRYHUYLHZ6ZLWFKLQJWR0HGLD,QWHUIDFH6ZLWFKLQJRQDXWRPDWLFDOO\&RQQHFWDGDWDPHGLXPWR86%SRUWRU86%SRUW0DNHVXUHWKDWWKH0HGLD,QWHUIDFHRU0HGLD,QWHUIDFHEDVLFPHQXLVDFWLYDWHG,ISOD\DEOHPHGLDILOHVDUHIRXQGWKH\ZLOOEHSOD\HGE\$XGLR,I\RXUHPRYHDGHYLFHWKH1R'HYLFH&RQQHFWHGڋPHVVDJHDSSHDUV)XUWKHURSWLRQVIRUVZLWFKLQJRQ=8VLQJWKHQXPEHUNH\SDGSDJH=8VLQJWKHPDLQIXQFWLRQEDUSDJH=8VLQJWKHGHYLFHOLVWSDJH=8VLQJWKHýEXWWRQSDJH2SHUDWLRQZLWKWKH0HGLD,QWHUIDFH 0HGLD
6XSSRUWHGGHYLFHV7KH0HGLD,QWHUIDFHDOORZV\ RX WR FR QQ HF WWKHIROORZLQJGHYLFHVWR$XGLR=L3RG=L3KRQH=L3DG=03=86%GHYLFHVG,WLVQRWSRVVLEOHWRUXQWZR$SSOHGHYLFHVVLPXOWDQHRXVO\7KHUHIRUHWKHGHYLFHODVWFRQQHFWHGLVORDGHGGL3RGL3KRQHDQGL3DGDUHUHJLVWHUHGWUDGHPDUNVRI$SSOH,QF&XSHUWLQR&DOLIRUQLD86$G$XGLRDQGSLFWXUHILOHVFDQEHSOD\HGEDFN3LFWXUHILOHVIURP$SSOHGHYLFHVDQG03SOD\HUVFDQQRWEHGLVSOD\HGH[FHSWFRYHUSLFWXUHV)RUGHWDLOVDQGDOLVWRIVXSSRUWHGGHYLFHVYLVLWKWWSZZZPEXVDPRELOHFRP2UFDOOWKH0HUFHGHV%HQ]&XVWRPHU$VVLVWDQFH&HQWHUDW)250(5&HGHVIRUWKH86$RU&XVWRPHU5HODWLRQVDWIRU&DQDGD6XSSRUWHGGDWDIRUPDWV0XVLF PSZPDDDF,PDJHV MSJMSHJEPSSQJ6HOHFWLQJDPXVLFILOH6HOHFWLQJZLWKWKHFRQWUROOHU7RGLVSOD\WKHFXUUHQWWUDFNOLVWSUHVVWKHFRQWUROOHULQWKHEDVLFGLVSOD\7KHWUDFNOLVWIRUWKHDFWLYHGDWDPHGLXPDSSHDUV7RVHOHFWDWUDFNWXUQWKHFRQWUROOHUDQGSUHVVWRFRQILUP7RVNLSIRUZDUGVRUEDFNZDUGVWRDWUDFNWXUQWKHFRQWUROOHULQWKHEDVLFGLVSOD\7KHVHOHFWHGWUDFNLVSOD\HG)DVWIRUZDUGUHZLQG:LWKWKHPHGLDVRXUFHDFWLYHLQWKHEDVLFGLVSOD\VOLGHRWKH FRQWUROOHUDQGKROGLWXQWLOWKHGHVLUHGSRVLWLRQKDVEHHQUHDFKHG6HDUFKIXQFWLRQ6HOHFWLQJ6HDUFKXVLQJPHGLDPHQXEDU6OLGHRdWKHFRQWUROOHU7KHPHGLDPHQXEDUDSSHDUV7RVHOHFW66HDUFKWXUQDQGSUHVVWKHFRQWUROOHU7KHFDWHJRU\OLVWDSSHDUV2YHUYLHZ7KHIROORZLQJFDWHJRULHVDUHOLVWHG=&XUUHQW7UDFNOLVW=)ROGHUV=6HOHFW%\&RYHU=.H\ZRUG6HDUFK=3OD\OLVWV=$UWLVWV=$OEXPV=7UDFN=*HQUHV=<HDU 2SHUDWLRQZLWKWKH0HGLD,QWHUIDFH0HGLD
=&&RPSRVHUV=3KRWRV=3RGFDVWV=$XGLRERRNVG7KHIXQFWLRQVDUHDYDLODEOHDVVRRQDVWKHHQWLUHPHGLDFRQWHQWKDVEHHQUHDGDQGDQDO\]HG,IWKHVDPHGHYLFHLVUHFRQQHFWHGZLWKXQFKDQJHGPHGLDFRQWHQWWKHVHIXQFWLRQVDUHDYDLODEOHPRUHTXLFNO\7KHDXGLRERRNVDQGSRGFDVWVFDWHJRULHVDUHQRWDYDLODEOHIRU86%GHYLFHV:KHQFRQQHFWLQJ$SSOHGHYLFHVWKHFDWHJRULHV³)ROGHU´³<HDU´DQG³3KRWRV´DUHQRWDYDLODEOH7RVHOHFWDFDWHJRU\HJ&XUUHQW7UDFNњOLVWWXUQDQGSUHVVWKHFRQWUROOHU7KHVHOHFWLRQOLVWDSSHDUV6HOHFWWKHUHTXLUHGWUDFN.H\ZRUGVHDUFKXVLQJWKHFRQWUROOHUHQWHUWKHFKDUDFWHUVIRUWKHGHVLUHGVHDUFKWHUPDQGFRQILUP7KHVHDUFKUHVXOWVDUHGLVSOD\HGDFFRUGLQJWRDYDLODEOHFDWHJRULHVDQGFDQWKHQEHVHOHFWHGSDJH3OD\EDFNRSWLRQV7RVHOHFWDSOD\EDFNRSWLRQZLWKDPHGLDVRXUFHFRQQHFWHGVOLGHRdWKHFRQWUROOHU7KHPHGLDPHQXEDULVVKRZQ7RVHOHFW2SWLRQVWXUQDQGSUHVVWKHFRQWUROOHU6HOHFWSOD\EDFNRSWLRQVSDJH3LFWXUHYLHZHU*HQHUDOQRWHV,IWKHUHDUHSLFWXUHVRQWKHDFWLYHGDWDPHGLXP\RXFDQYLHZWKHPRQWKH$XGLRGLVSOD\7KHIROORZLQJGDWDPHGLDDQGSLFWXUHIRUPDWVDUHVXSSRUWHG='DWDPHGLD&'86%GHYLFHV6'PHPRU\FDUGV=3LFWXUHIRUPDWVMSHJMSJEPSSQJ7KHPD[LPXPLPDJHUHVROXWLRQLVPHJDSL[HOV,WLVQRWSRVVLEOHWRYLHZDSLFWXUHZKLOHWKHYHKLFOHLVLQPRWLRQ3LFWXUHYLHZHU 0HGLD
'LVSOD\LQJSLFWXUHV,QWKHPHGLDEDVLFGLVSOD\SUHVVWKHFRQWUROOHU7KH66HDUFKZLWKDFDWHJRU\OLVWDSSHDUV7RVHOHFW3KRWRVLQWKHFDWHJRU\OLVWWXUQDQGSUHVVWKHFRQWUROOHU$GLUHFWRU\OLVWDSSHDUV)ROGHUVDQGSLFWXUHILOHVFDQEHVKRZQ6HOHFWDIROGHURUSLFWXUH,IWKHUHLVQRSLFWXUHRQWKHGDWDPHGLXPDQHPSW\OLVWLVVKRZQ<RXFDQVHDUFKIRUSLFWXUHVRQRWKHUGDWDPHGLD6HDUFKLQJIRUSLFWXUHVRQRWKHUGDWDPHGLD,QWKHGLUHFWRU\OLVWVOLGHRWKHFRQWUROOHU7KHGHYLFHOLVWDSSHDUV([DPSOHWKHGLUHFWRU\OLVWGLVSOD\VWKHH[LVWLQJSLFWXUHILOHV7RVHOHFWDGDWDPHGLXPZLWKSLFWXUHILOHVWXUQWKHFRQWUROOHUDQGSUHVVWRFRQILUP$GLUHFWRU\OLVWDSSHDUV)ROGHUVDQGSLFWXUHILOHVFDQEHVKRZQ6HOHFWDIROGHURUSLFWXUH6WDUWLQJDVOLGHVKRZ:KLOHYLHZLQJDSLFWXUHSUHVVWKHFRQWUROOHU7KHLPDJHPHQXDSSHDUV7RVHOHFW6WDUW6OLGHVKRZWXUQDQGSUHVVWKHFRQWUROOHU7KHVOLGHVKRZVWDUWV7RHQGWKHVOLGHVKRZSUHVVWKHFRQWUROOHU7KHLPDJHPHQXDSSHDUV6HOHFW(QG6OLGH6KRZ&KDQJLQJWKHSLFWXUHYLHZ3UHVVWKHFRQWUROOHU7KHLPDJHPHQXDSSHDUV7RVHOHFW7XUQ&ORFNZLVHWXUQDQGSUHVVWKHFRQWUROOHU7KHSLFWXUHURWDWHVGHJUHHV6HOHFW7XUQ&RXQWHUFORFNZLVH7KHSLFWXUHURWDWHVGHJUHHV6HOHFW=RRP,Q7KHVL]HRIWKHSLFWXUHLQFUHDVHV$IWHU\RXKDYH]RRPHGLQWRWKHSLFWXUH\RXFDQPRYHWKHVHFWLRQRIWKHSLFWXUH7RPRYHWKHVHFWLRQRIWKHSLFWXUHVOLGHRdDQGRWKHFRQWUROOHU 3LFWXUHYLHZHU0HGLD
7RUHYHUWWRWKHRULJLQDOVL]HSUHVVWKHFRQWUROOHURU3UHVVWKH8EXWWRQ&ORVLQJWKHSLFWXUHYLHZHU3UHVVWKHFRQWUROOHU7KHPHQXDSSHDUV7RVHOHFW&&ORVH3LFWXUH9LHZHUWXUQDQGSUHVVWKHFRQWUROOHU$XGLRUHWXUQVWRWKHODVWDFFHVVHGPHGLDIXQFWLRQ3LFWXUHYLHZHU 0HGLD

$XGLRIHDWXUHV 6RXQGVHWWLQJV %XUPHVWHUVXUURXQGVRXQGV\VWHP 6RXQG
$XGLRIHDWXUHV7KHVHRSHUDWLQJLQVWUXFWLRQVGHVFULEHDOOVWDQGDUGDQGRSWLRQDOHTXLSPHQWDYDLODEOHIRU\RXU$XGLRV\VWHPDWWKHWLPHRISXUFKDVH&RXQWU\VSHFLILFGLIIHUHQFHVDUHSRVVLEOH3OHDVHQRWHWKDW\RXU$XGLRV\VWHPPD\QRWEHHTXLSSHGZLWKDOOWKHIHDWXUHVGHVFULEHG7KLVDOVRDSSOLHVWRVDIHW\UHOHYDQWV\VWHPVDQGIXQFWLRQV7KHUHIRUHWKHHTXLSPHQWRQ\RXU$XGLRV\VWHPPD\GLIIHUIURPWKDWLQWKHGHVFULSWLRQVDQGLOOXVWUDWLRQV6KRXOG\RXKDYHDQ\TXHVWLRQVFRQFHUQLQJHTXLSPHQWDQGRSHUDWLRQSOHDVHFRQVXOWDQDXWKRUL]HG0HUFHGHV%HQ]&HQWHU6RXQGVHWWLQJV&DOOLQJXSWKHVRXQGPHQX7KHVRXQGVHWWLQJVFDQEHVHOHFWHGWRVXLWDYDULHW\RIGLIIHUHQWDXGLRVRXUFHV,WLVSRVVLEOHWRVHWPRUHEDVVIRUUDGLRPRGHWKDQIRUDXGLR&'PRGHIRUH[DPSOH7KHUHVSHFWLYHVRXQGPHQXFDQEHFDOOHGXSIURPWKHPHQXRIWKHGHVLUHGPRGH7KHH[DPSOHGHVFULEHVZKHUHWRFDOOXSWKHVRXQGPHQXLQ&'PRGH,QVHUWDQDXGLR&'SDJH7KH&'GLVSOD\DSSHDUV7RGLVSOD\WKHPHQXEDUVVOLGHRdWKHFRQWUROOHU7RVHOHFW66RXQGLQWKHPHQXEDUWXUQDQGSUHVVWKHFRQWUROOHU7KHPHQXDSSHDUVZLWKWKHODVWVHWWLQJDFFHVVHGHJ%DODQFH)DGHU6RXQGPHQXRYHUYLHZ)XQFWLRQ 2SWLRQV(TXDOL]HU 6HWVWUHEOHPLGUDQJHDQGEDVH%DODQFHIDGHU 0RYHVWKHVRXQGIRFXVULJKWOHIWDQGIURQWUHDU6HWWLQJWUHEOHPLGUDQJHDQGEDVV7RGLVSOD\WKHPHQXEDUVVOLGHRdWKHFRQWUROOHULQPHGLDPRGH7RVHOHFW6RXQGLQWKHPHQXEDUWXUQDQGSUHVVWKHFRQWUROOHU7KHPHQXZLWKWKHODVWDFFHVVHGVHWWLQJDSSHDUV7XUQWKHFRQWUROOHUXQWLO(TXDOL]HUڋLVEURXJKWWRWKHIURQW7RDFWLYDWHURWDU\PHQXVIRUWUHEOHPLGUDQJHDQGEDVHVOLGHRdWKHFRQWUROOHU7RVZLWFKEHWZHHQWKHURWDU\PHQXVVOLGHRWKHFRQWUROOHU7RPDNHWKHGHVLUHG(TXDOL]HUڋVHWWLQJVWXUQWKHFRQWUROOHU5RWDU\PHQXVVKRZWKHVHWYDOXHV7RUHWXUQWRWKHPHQXVOLGHRWKHFRQWUROOHU7RUHWXUQWRWKHEDVLFPHQXSUHVVWKH8EXWWRQEULHIO\ 6RXQGVHWWLQJV6RXQG
$GMXVWLQJWKHEDODQFHIDGHU%DODQFHPRYHVWKHIRFXVRIWKHVRXQGEHWZHHQOHIWDQGULJKW)DGHUPRYHVWKHIRFXVRIWKHVRXQGEHWZHHQIURQWDQGUHDU7RGLVSOD\WKHPHQXEDUVVOLGHRdWKHFRQWUROOHULQPHGLDPRGH7RVHOHFW66RXQGLQWKHPHQXEDUWXUQDQGSUHVVWKHFRQWUROOHU7KHPHQXZLWKWKHODVWDFFHVVHGVHWWLQJDSSHDUV7XUQWKHFRQWUROOHUXQWLO%DODQFH)DGHUڋLVEURXJKWWRWKHIURQW7RDFWLYDWHURWDU\PHQXVIRUEDODQFHDQGIDGHUVOLGHRdWKHFRQWUROOHU7RVZLWFKEHWZHHQWKHURWDU\PHQXVVOLGHRWKHFRQWUROOHU7RVHWWKHGHVLUHG%DODQFH)DGHUڋVHWWLQJWXUQWKHFRQWUROOHU5RWDU\PHQXVDQGWKHLPDJHVKRZWKHVRXQGIRFXVVHW7RUHWXUQWRWKHPHQXVOLGHRWKHFRQWUROOHU7RUHWXUQWRWKHEDVLFPHQXSUHVVWKH8EXWWRQEULHIO\%XUPHVWHUVXUURXQGVRXQGV\VWHP*HQHUDOQRWHV7KH%XUPHVWHUVXUURXQGVRXQGV\VWHPKDVDWRWDORXWSXWRIZDWWVDQGLVHTXLSSHGZLWKORXGVSHDNHUV7KH%XUPHVWHUVXUURXQGVRXQGV\VWHPLVDYDLODEOHIRUDOOIXQFWLRQVLQWKHUDGLRDQGPHGLDPRGHV&DOOLQJXSWKHVRXQGPHQX7KHVRXQGVHWWLQJVFDQEHVHOHFWHGWRVXLWDYDULHW\RIGLIIHUHQWDXGLRVRXUFHV,WLVSRVVLEOHWRVHWPRUHEDVVIRUUDGLRPRGHWKDQIRUDXGLR&'PRGHIRUH[DPSOH7KHUHVSHFWLYHVRXQGPHQXLVFDOOHGXSIURPWKHPHQXRIWKHGHVLUHGPRGH7KHH[DPSOHVKRZVWKHVRXQGPHQXFRQWUROSDQHOLQ&'PRGH,QVHUWDQDXGLR&'SDJH7KH&'GLVSOD\DSSHDUV7RGLVSOD\WKHPHQXEDUVVOLGHRdWKHFRQWUROOHU7RVHOHFW6RXQGLQWKHPHQXEDUWXUQDQGSUHVVWKHFRQWUROOHU7KHPHQXDSSHDUVZLWKWKHODVWVHWWLQJDFFHVVHGHJ%DODQFH)DGHU2YHUYLHZRI%XUPHVWHUVXUURXQGVRXQGV\VWHP)XQFWLRQ 2SWLRQV(TXDOL]HU 6HWVWUHEOHPLGUDQJHDQGEDVH%DODQFHIDGHU 0RYHVWKHVRXQGIRFXVULJKWOHIWDQGIURQWUHDU%XUPHVWHUVXUURXQGVRXQGV\VWHP 6RXQG
6HWWLQJWUHEOHPLGUDQJHDQGEDVV7RGLVSOD\WKHPHQXEDUVVOLGHRdWKHFRQWUROOHULQPHGLDPRGH7RVHOHFW66RXQGLQWKHPHQXEDUWXUQDQGSUHVVWKHFRQWUROOHU7KHPHQXZLWKWKHODVWDFFHVVHGVHWWLQJDSSHDUV7XUQWKHFRQWUROOHUXQWLO(TXDOL]HULVLQWKHFHQWHU6OLGHRdWKHFRQWUROOHU7KHURWDU\PHQXVIRUWUHEOHPLGUDQJHDQGEDVVDUHDFWLYDWHG7RVZLWFKEHWZHHQWKHURWDU\PHQXVVOLGHRWKHFRQWUROOHU7RPDNHWKHGHVLUHG(TXDOL]HUڋVHWWLQJVWXUQWKHFRQWUROOHU7KHURWDU\PHQXVVKRZWKHVHWYDOXHV7RUHWXUQWRWKHPHQXVOLGHRWKHFRQWUROOHU7RUHWXUQWRWKHEDVLFPHQXSUHVVWKH8EXWWRQEULHIO\$GMXVWLQJWKHEDODQFHIDGHU%DODQFHPRYHVWKHIRFXVRIWKHVRXQGEHWZHHQOHIWDQGULJKW)DGHUPRYHVWKHIRFXVRIWKHVRXQGEHWZHHQIURQWDQGUHDU7RGLVSOD\WKHPHQXEDUVVOLGHRdWKHFRQWUROOHULQPHGLDPRGH7RVHOHFW6RXQGLQWKHPHQXEDUWXUQDQGSUHVVWKHFRQWUROOHU7KHPHQXZLWKWKHODVWDFFHVVHGVHWWLQJDSSHDUV7XUQWKHFRQWUROOHUXQWLO%DODQFH)DGHUڋLVLQWKHFHQWHU6OLGHRdWKHFRQWUROOHU7KHURWDU\PHQXVIRUEDODQFHDQGIDGHUDUHDFWLYDWHG7RVZLWFKEHWZHHQWKHURWDU\PHQXVVOLGHR7RVHWWKHGHVLUHG%DODQFH)DGHUڋVHWWLQJWXUQWKHFRQWUROOHU5RWDU\PHQXDQGWKHLPDJHVKRZWKHVRXQGIRFXVVHW7RUHWXUQWRWKHPHQXVOLGHRWKHFRQWUROOHU7RUHWXUQWRWKHEDVLFPHQXSUHVVWKH8EXWWRQEULHIO\ %XUPHVWHUVXUURXQGVRXQGV\VWHP6RXQG
$XGLRIHDWXUHV *HQHUDOQRWHV 6HWWLQJDFFHVVGDWD (VWDEOLVKLQJHQGLQJWKHFRQQHFWLRQ *RRJOH/RFDO6HDUFK 'HVWLQDWLRQURXWHGRZQORDG :HDWKHU 2SWLRQV 0HUFHGHV%HQ]$SSV ,QWHUQHWUDGLR ,QWHUQHW 2QOLQHDQG,QWHUQHWIXQFWLRQV
$XGLRIHDWXUHV7KHVHRSHUDWLQJLQVWUXFWLRQVGHVFULEHDOOVWDQGDUGDQGRSWLRQDOHTXLSPHQWDYDLODEOHIRU\RXU$XGLRV\VWHPDWWKHWLPHRISXUFKDVH&RXQWU\VSHFLILFGLIIHUHQFHVDUHSRVVLEOH3OHDVHQRWHWKDW\RXU$XGLRV\VWHPPD\QRWEHHTXLSSHGZLWKDOOWKHIHDWXUHVGHVFULEHG7KLVDOVRDSSOLHVWRVDIHW\UHOHYDQWV\VWHPVDQGIXQFWLRQV7KHUHIRUHWKHHTXLSPHQWRQ\RXU$XGLRV\VWHPPD\GLIIHUIURPWKDWLQWKHGHVFULSWLRQVDQGLOOXVWUDWLRQV6KRXOG\RXKDYHDQ\TXHVWLRQVFRQFHUQLQJHTXLSPHQWDQGRSHUDWLRQSOHDVHFRQVXOWDQDXWKRUL]HG0HUFHGHV%HQ]&HQWHU*HQHUDOQRWHV&RQGLWLRQVIRUDFFHVV7RXVH0HUFHGHV%HQ]$SSVDQG,QWHUQHWDFFHVVWKHIROORZLQJFRQGLWLRQVPXVWEHIXOILOOHG=PEUDFHLVDFWLYDWHGDQGRSHUDWLRQDO=PEUDFHLVDFWLYDWHGIRU0HUFHGHV%HQ]$SSVDQG,QWHUQHWDFFHVV3ULRULW\RIFRQQHFWLRQVDQHPHUJHQF\FDOOKDVWKHKLJKHVWSULRULW\:KHQDVHUYLFHFDOOHJDEUHDNGRZQVHUYLFHFDOORUWKH0%,QIR&DOOLVDFWLYHDQHPHUJHQF\FDOOFDQVWLOOEHLQLWLDWHG$VHUYLFHFDOORQWKHRWKHUKDQGKDVSULRULW\RYHUDFXUUHQW,QWHUQHWFRQQHFWLRQ7KHUHIRUH\RXFDQQRWHVWDEOLVKDQ,QWHUQHWFRQQHFWLRQGXULQJDVHUYLFHFDOOG7KHDYDLODELOLW\RILQGLYLGXDO0HUFHGHV%HQ]$SSVPD\YDU\GHSHQGLQJRQWKHFRXQWU\G7KHWHUPVRIXVHDUHVKRZQZKHQWKHV\VWHPLVXVHGIRUWKHILUVWWLPHDQGWKHQRQFHD\HDUWKHUHDIWHU2QO\UHDGDQGDFFHSWWKHWHUPVRIXVHZKHQWKHYHKLFOHLVVWDWLRQDU\G7KHGULYHULVQRWSHUPLWWHGWRFDOOXSZHEVLWHVZKLOHGULYLQJDQGXVHRIWKH0HUFHGHV%HQ]$SSVLVUHVWULFWHG6HWWLQJDFFHVVGDWD*HQHUDOQRWHV,I\RXXVHWKH'81%OXHWRRWKSURILOHRUWKH&'&$&086%FODVV\RXZLOOQHHG,QWHUQHWDFFHVVGDWDIRUWKHFRQQHFWHGPRELOHSKRQHWRXVHWKHRQOLQHDQG,QWHUQHWIXQFWLRQV<RXFDQREWDLQWKLVIURP\RXUPRELOHSKRQHQHWZRUNSURYLGHU,IWKH3$1%OXHWRRWKSURILOHRUWKH51',6&'&1&0RU&'&(&086%FODVVHVDUHVXSSRUWHGWKHQWKH,QWHUQHWDFFHVVGDWDVHWRQWKHSKRQHLVXVHG,WLVWKHQQRORQJHUQHFHVVDU\WRVHWWKH,QWHUQHWDFFHVVGDWDLQ$XGLR(QDEOLQJDQGVHWWLQJXSDPRELOHSKRQHIRU,QWHUQHWIXQFWLRQV&DOOLQJXSPRELOHQHWZRUNSURYLGHUV,QRUGHUWRVHWXSDPRELOHSKRQHIRU,QWHUQHWDFFHVVWKHPRELOHSKRQHPXVWEHFRQQHFWHGZLWKWKHV\VWHPYLD%OXHWRRWKSDJHRUYLD86%SDJH3UHVVWKH+EXWWRQ7KHODVWIXQFWLRQFDOOHGXSDSSHDUV6HOHFW77(/§LQWKHPDLQIXQFWLRQEDUE\VOLGLQJDQGSUHVVLQJWKHFRQWUROOHU$PHQXDSSHDUV7RVHOHFW,QWHUQHWWXUQDQGSUHVVWKHFRQWUROOHU7KHPHQXDSSHDUV7RVHOHFW6HWWLQJVVOLGHWKHFRQWUROOHUWXUQDQGSUHVVWRFRQILUP$PHQXDSSHDUV7RVHOHFW&RQILJXUH,QWHUQHW6HWњWLQJVWXUQWKHFRQWUROOHUDQGSUHVVWRFRQILUP$PHQXDSSHDUV6HOHFW6HDUFKIRU,QWHUQHW'HYLFHV$WH[WGLVSOD\DSSHDUV,IPRELOHSKRQHVDUHDOUHDG\VHWXSIRUWKH,QWHUQHWIXQFWLRQVDQGDUHFRQQHFWHGZLWKWKHV\VWHPDOLVWRIWKHPRELOHSKRQHVWKDW 6HWWLQJDFFHVVGDWD2QOLQHDQG,QWHUQHWIXQFWLRQV
DUHDOUHDG\VHWXSDQGFRQQHFWHGDSSHDUVLQVWHDGRIWKHWH[WGLVSOD\7KHGLVSOD\DSSHDUVDXWRPDWLFDOO\LIWKHUHLVQRW\HWDQ\PRELOHSKRQHFRQQHFWHG6HOHFW66WDUW6HDUFK'HWHFWHGPRELOHSKRQHVDUHHQWHUHGLQDOLVW0RELOHSKRQHVDUHGLVSOD\HGWKDW=DUHFRQQHFWHG=DUHVXSSRUWHGE\WKHV\VWHPIRU,QWHUQHWIXQFWLRQVEXWKDYHQRW\HWEHHQVHWXSIRUWKH,QWHUQHWIXQFWLRQ6HOHFWWKHGHVLUHGPRELOHSKRQH7KH;GRWLQGLFDWHVWKHVHOHFWHGPRELOHSKRQH$WH[WGLVSOD\DSSHDUV3KRQHVWKDWVXSSRUWWKH3$1%OXHWRRWKSURILOHRUWKH51',6&'&1&0RU&'&(&086%FODVVHVDUHDOUHDG\VHWXS<RXFDQHVWDEOLVKDQ,QWHUQHWFRQQHFWLRQSDJH7KHUHDUHWZRRSWLRQVIRUPRELOHSKRQHVWKDWVXSSRUWWKH'81%OXHWRRWKSURILOHRUWKH&'&$&086%FODVVHV2SWLRQ6HOHFWWKHSUHGHILQHGDFFHVVGDWDRIWKHPRELOHSKRQHQHWZRUNSURYLGHUSDJH2SWLRQ0DQXDOO\VHWWLQJWKHDFFHVVGDWDRIWKHPRELOHSKRQHQHWZRUNSURYLGHUSDJH6HOHFWLQJWKHSUHGHILQHGDFFHVVGDWDRIWKHPRELOHSKRQHQHWZRUNSURYLGHU6HDUFKLQJIRUSURYLGHUV7RVHOHFW3UHGHILQHG6HWWLQJVLQWKHPHQXWXUQDQGSUHVVWKHFRQWUROOHU$OLVWRIFRXQWULHVDSSHDUV&RQILUP6HWWLQJVLIWKHLQIRUPDWLRQLVFRUUHFW,IWKHLQIRUPDWLRQLVQRWFRUUHFW\RXFDQHGLWWKHVHWWLQJSDJH,IWKHPRELOHSKRQHQHWZRUNSURYLGHUSURYLGHVPXOWLSOHDFFHVVGDWDRSWLRQVWKHUHOHYDQWDFFHVVGDWDVWLOOKDVWREHVHOHFWHG7KLV6HWWLQJDFFHVVGDWD 2QOLQHDQG,QWHUQHWIXQFWLRQV
GHSHQGVRQWKHGDWDSDFNDJHXVHGIRUH[DPSOH7KHDFFHVVGDWDIRUWKHPRELOHSKRQHQHWZRUNSURYLGHULVVHOHFWHGRQFHIRUWKHPRELOHSKRQHFRQQHFWHGDQGLVORDGHGDJDLQHDFKWLPHWKHPRELOHSKRQHLVFRQQHFWHG(VWDEOLVKLQJDFRQQHFWLRQSDJH<RXPXVWVHWWKHDFFHVVGDWDRIWKHPRELOHSKRQHQHWZRUNSURYLGHUZKRSURYLGHVWKH6,0FDUGDQGWKHDVVRFLDWHGGDWDSDFNDJHDFFHVVVHWWLQJVIRUWKHFRQQHFWHGPRELOHSKRQH7KHDFFHVVGDWDUHPDLQVWKHVDPHZKHQ\RXDUHLQDGLIIHUHQWFRXQWU\URDPLQJ7KHDFFHVVGDWDRIDQRWKHUQHWZRUNLVQRWVHOHFWHG0DQXDOO\VHWWLQJWKHDFFHVVGDWDRIWKHPRELOHSKRQHQHWZRUNSURYLGHU7RVHOHFW00DQXDO6HWWLQJVLQWKHPHQXWXUQDQGSUHVVWKHFRQWUROOHU$QRYHUYLHZRIWKHSURYLGHUVHWWLQJVDSSHDUV6HWWKHSURYLGHUVHWWLQJVLQDFFRUGDQFHZLWKWKHDFFHVVGDWDIRU\RXUGDWDSDFNDJHSDJH7RFRQILUPVHWWLQJVVHOHFW&RQILUP6HWњWLQJV7KHDFFHVVGDWDIRUWKHPRELOHSKRQHQHWZRUNSURYLGHULVVHOHFWHGRQFHIRUWKHPRELOHSKRQHFRQQHFWHGDQGLVORDGHGDJDLQHDFKWLPHWKHPRELOHSKRQHLVFRQQHFWHG(VWDEOLVKLQJDFRQQHFWLRQSDJH<RXPXVWVHWWKHDFFHVVGDWDRIWKHPRELOHSKRQHQHWZRUNSURYLGHUZKRSURYLGHVWKH6,0FDUGDQGWKHDVVRFLDWHGGDWDSDFNDJHDFFHVVVHWWLQJVIRUWKHFRQQHFWHGPRELOHSKRQH7KHDFFHVVGDWDUHPDLQVWKHVDPHZKHQ\RXDUHLQDGLIIHUHQWFRXQWU\URDPLQJ7KHDFFHVVGDWDRIDQRWKHUQHWZRUNLVQRWVHOHFWHG([SODQDWLRQRIWKHDFFHVVGDWD,QSXWILHOG 0HDQLQJ3KRQH1XPњEHUڋ$FFHVVQXPEHUIRUHVWDEOLVKLQJWKHFRQQHFWLRQ7KHDFFHVVQXPEHUGHSHQGVRQWKHPRELOHSKRQHXVHG)RU*608076PRELOHSKRQHVLVXVHGDVDVWDQGDUG$FFHVV3RLQWڋ$31QHWZRUNDFFHVVSRLQW$FFHVV3RLQW1DPH<RXFDQREWDLQWKLVLQIRUPDWLRQIURP\RXUPRELOHSKRQHQHWZRUNSURYLGHU(QWU\LVQRWQHFHVVDU\IRUDOOPRELOHSKRQHQHWZRUNSURYLGHUVDQGPRELOHSKRQHV3'37\SHڋ ,QWHUQHWSURWRFROXVHG<RXFDQREWDLQWKLVLQIRUPDWLRQIURP\RXUPRELOHSKRQHQHWZRUNSURYLGHU8VHU,'ڋ 7KHXVHULGHQWLILFDWLRQFDQEHREWDLQHGIURP\RXUPRELOHSKRQHQHWZRUNSURYLGHU(QWU\LVQRWQHFHVVDU\IRUDOOPRELOHSKRQHQHWZRUNSURYLGHUV3DVVZRUGڋ 7KHSDVVZRUGFDQEHREWDLQHGIURP\RXUPRELOHSKRQHQHWZRUNSURYLGHU(QWU\LVQRWQHFHVVDU\IRUDOOPRELOHSKRQHQHWZRUNSURYLGHUV 6HWWLQJDFFHVVGDWD2QOLQHDQG,QWHUQHWIXQFWLRQV
,QSXWILHOG 0HDQLQJ$$XWR'16ڋ 7KHDXWRPDWLFDOORFDWLRQRI'16VHUYHUVLVDFWLYDWHG,IWKHIXQFWLRQLVVZLWFKHGRIIWKH'16VHUYHUDGGUHVVHVPXVWEHHQWHUHGPDQXDOO\'16'RPDLQ1DPH6HUYLFH'16ڋ'16ڋ)LHOGVIRUHQWHULQJWKH'16VHUYHUDGGUHVVHVPDQXDOO\7KHDGGUHVVFDQEHREWDLQHGIURP\RXUPRELOHSKRQHQHWZRUNSURYLGHU&KDQJLQJWKHDFFHVVGDWD&KDQJLQJWKHDFFHVVGDWD6HOHFW3'37\SHIRUH[DPSOHLQWKHOLVWRISURYLGHUVHWWLQJVSDJH$PHQXDSSHDUV7RVHOHFWWKHGHVLUHGVHWWLQJWXUQDQGSUHVVWKHFRQWUROOHU7KH;GRWLQGLFDWHVWKHFXUUHQWVHWWLQJ7RHQWHUWKHSKRQHQXPEHUVHOHFW3KRQH1XPEHULQWKHOLVWRISURYLGHUVHWWLQJV$QLQSXWPHQXDSSHDUV(QWHUWKHWHOHSKRQHQXPEHU7RFRQILUPWKHHQWU\VHOHFW2.7RHQWHUWKHXVHU,'VHOHFW8VHU,'LQWKHOLVWRISURYLGHUVHWWLQJV$QLQSXWPHQXDSSHDUV(QWHUWKHXVHU,'7RFRQILUPWKHHQWU\VHOHFW2.7RHQWHUWKHSDVVZRUGVHOHFW3DVVњZRUGLQWKHOLVWRISURYLGHUVHWWLQJV$QLQSXWPHQXDSSHDUV(QWHUWKHSDVVZRUG7RFRQILUPWKHHQWU\VHOHFW2.0DQDJLQJDFFHVVGDWDRIWKHPRELOHSKRQHQHWZRUNSURYLGHU2YHUYLHZ7KHDFFHVVGDWDRIWKHPRELOHSKRQHQHWZRUNSURYLGHUFDQEH=HGLWHG=GHOHWHG7KHPRELOHSKRQHPXVWEHFRQQHFWHGZLWKWKHV\VWHPIRUWKHDFFHVVGDWDWREHFKDQJHG:KHQWKH,QWHUQHWFRQQHFWLRQLVDFWLYH\RXFDQQRWHGLWRUGHOHWHWKHDFFHVVGDWDRIWKHFXUUHQWO\VHWPRELOHSKRQHQHWZRUNSURYLGHU(GLWLQJWKHDFFHVVGDWD6HOHFWDPRELOHSKRQHIURPWKHPRELOHSKRQHQHWZRUNDFFHVVOLVWSDJH7RVHOHFW*VOLGHWKHFRQWUROOHU$PHQXDSSHDUV6HWWLQJDFFHVVGDWD 2QOLQHDQG,QWHUQHWIXQFWLRQV
7RVHOHFW&&KDQJH&RQILJXUDWLRQWXUQDQGSUHVVWKHFRQWUROOHU$WH[WGLVSOD\DSSHDUVSDJH6HOHFW3UHGHILQHG6HWWLQJVRU0DQXDO6HWWLQJV7KHSURYLGHUVHWWLQJVDUHGLVSOD\HG,QRUGHUWRHGLWWKHDFFHVVGDWDRIWKHPRELOHSKRQHQHWZRUNSURYLGHU\RXKDYHWZRRSWLRQV=2SWLRQVHOHFWWKHSUHGHILQHGDFFHVVGDWDRIWKHPRELOHSKRQHQHWZRUNSURYLGHUSDJH=2SWLRQPDQXDOO\VHWWKHDFFHVVGDWDRIWKHPRELOHSKRQHQHWZRUNSURYLGHUSDJH'HOHWLQJWKH,QWHUQHWDFFHVVSHUPLVVLRQVIRUDPRELOHSKRQH6HOHFWDPRELOHSKRQHIURPWKH,QWHUQHWGHYLFHOLVWSDJH7RVHOHFW*VOLGHWKHFRQWUROOHU$PHQXDSSHDUV6HOHFW'HOHWH&RQILJXUDWLRQ$SURPSWDSSHDUVDVNLQJZKHWKHU\RXZLVKWRGHOHWHWKH,QWHUQHWFRQILJXUDWLRQ6HOHFW<HVRU1R,I\RXVHOHFW<HVWKH,QWHUQHWFRQILJXUDWLRQZLOOEHGHOHWHG7KHPRELOHSKRQHFDQQRZQRORQJHUEHXVHGE\WKHV\VWHPIRU,QWHUQHWIXQFWLRQV,I\RXVHOHFW1RWKHSURFHVVLVFDQFHOHG&KDQJLQJWKH,QWHUQHWGHYLFHQDPH7KHQDPHRIWKH,QWHUQHWGHYLFHLVFKDQJHGVHHGHWDLOVRI,QWHUQHWGHYLFHV6HOHFWDPRELOHSKRQHIURPWKH,QWHUQHWGHYLFHOLVWSDJH7RVHOHFW*VOLGHWKHFRQWUROOHU$PHQXDSSHDUV6HOHFW&KDQJH,QWHUQHW'HYLFH1DPH$FKDUDFWHUHQWU\DSSHDUV(QWHUWKHQDPHRIWKH,QWHUQHWGHYLFHDQGFRQILUPZLWKT7KH,QWHUQHWGHYLFHQDPHLVFKDQJHG6HOHFWLQJWKHOHQJWKRIWLPHIRUDXWRPDWLFGLVFRQQHFWLRQIURPWKH,QWHUQHW,IDSUHVHWWLPHKDVHODSVHGGXULQJZKLFKQHLWKHUWKHRQOLQHIXQFWLRQVQRUWKH,QWHUQHWKDYHEHHQXVHGWKH,QWHUQHWDXWRPDWLFDOO\GLVFRQQHFWV6HOHFWDPRELOHSKRQHIURPWKH,QWHUQHWGHYLFHOLVWSDJH7RVHOHFW*VOLGHWKHFRQWUROOHU7RVHOHFW'LVFRQQHFW$XWRPDWLFDOO\:KHQ,QDFWLYHWXUQDQGSUHVVWKHFRQWUROOHU$PHQXDSSHDUV6HOHFW0LQXWHV0LQXWHV0LQXWHVRU1HYHU7KH;GRWLQGLFDWHVWKHFXUUHQWVHWWLQJ1HYHUVZLWFKHVWKHIXQFWLRQRII7KH,QWHUQHWFRQQHFWLRQUHPDLQVDYDLODEOH0DQDJLQJDOO,QWHUQHWGHYLFHV,IPXOWLSOHPRELOHSKRQHVKDYHEHHQHQDEOHGIRU,QWHUQHWXVDJHWKHVHFDQEHJLYHQSULRULWLHV7KHV\VWHPWKHQVHOHFWVWKHPRELOH 6HWWLQJDFFHVVGDWD2QOLQHDQG,QWHUQHWIXQFWLRQV
SKRQHZLWKWKHKLJKHVWSULRULW\WRHVWDEOLVKDQ,QWHUQHWFRQQHFWLRQ6HOHFWDPRELOHSKRQHIURPWKH,QWHUQHWGHYLFHOLVWSDJH7RVHOHFW*VOLGHWKHFRQWUROOHU7RVHOHFW00DQDJH$OO,QWHUQHW'HYLњFHVWXUQDQGSUHVVWKHFRQWUROOHU$PHQXDSSHDUV6HOHFW&KDQJH'HYLFH3ULRULW\0RYHWKHGHVLUHG,QWHUQHWGHYLFHXSRUGRZQ7KH,QWHUQHWGHYLFHVSULRULW\LVFKDQJHG7KHSULRULW\RIWKH,QWHUQHWGHYLFHVLVGHWHUPLQHGE\WKHKLHUDUFK\7KHPRELOHSKRQHDWWKHWRSRIWKHOLVWKDVWKHKLJKHVWSULRULW\(VWDEOLVKLQJHQGLQJWKHFRQQHFWLRQ(VWDEOLVKLQJWKHFRQQHFWLRQ5HDGWKHFRQGLWLRQVIRUHVWDEOLVKLQJDFRQQHFWLRQSDJH$FRQQHFWLRQFDQEHHVWDEOLVKHGE\=HQWHULQJDZHEDGGUHVVSDJH=FDOOLQJXSWKH0HUFHGHV%HQ]0RELOH:HEVLWHSDJH=FDOOLQJXSD0HUFHGHV%HQ]$SSSDJH=FDOOLQJXSD)DYRULWH=FDOOLQJXSWKH,QWHUQHWUDGLRSDJH(QGLQJWKHFRQQHFWLRQ3UHVVڋ&DQFHOLQWKHFRQQHFWLRQVZLQGRZ&RQQHFWLRQVWDWXV3UHVVWKH+EXWWRQ7KHODVWIXQFWLRQFDOOHGXSDSSHDUV7RVHOHFWWKH7(/§PHQXVOLGHWXUQDQGSUHVVWKHFRQWUROOHU$PHQXDSSHDUV7RVHOHFW,QWHUQHWWXUQDQGSUHVVWKHFRQWUROOHU7KHPHQXIRUWKH,QWHUQHWIXQFWLRQVDSSHDUV7RVHOHFW6HWWLQJVVOLGHWKHFRQWUROOHUWXUQDQGSUHVVWRFRQILUP$PHQXDSSHDUV7RVHOHFW&RQQHFWLRQ6WDWXVWXUQDQGSUHVVWKHFRQWUROOHU$QRYHUYLHZRIWKHFRQQHFWLRQVWDWXVDSSHDUVC'LVSOD\RIH[LVWLQJFRQQHFWLRQDQGVLJQDOVWUHQJWK,QPRVWFDVHVWKHFXUUHQWFRQQHFWLRQVWDWXVLVDOVRVKRZQLQWKHVWDWXVEDULI\RXVZLWFKWRDQRWKHUPDLQIXQFWLRQ(VWDEOLVKLQJHQGLQJWKHFRQQHFWLRQ 2QOLQHDQG,QWHUQHWIXQFWLRQV
(QGLQJWKHFRQQHFWLRQ<RXFDQQRWFDQFHOWKHFRQQHFWLRQ\RXUVHOI7KH,QWHUQHWFRQQHFWLRQLVDXWRPDWLFDOO\WHUPLQDWHGLIWKHV\VWHPGRHVQRWUHFRJQL]HDQ\XVHULQSXWZLWKLQDILYHPLQXWHWLPHSHULRGG7KHvEXWWRQLVLQRSHUDWLYH$XWRPDWLFGLVFRQQHFWLRQRIWKH,QWHUQHWFRQQHFWLRQDIWHULQDFWLYLW\,IQRGDWDLVWUDQVIHUUHGIRUDVSHFLILHGWLPHHJILYHPLQXWHVWKHV\VWHPDXWRPDWLFDOO\GLVFRQQHFWVWKH,QWHUQHWFRQQHFWLRQ*RRJOH/RFDO6HDUFK&DOOLQJXSWKH/RFDO6HDUFKPHQX<RXGRQRWQHHGD*RRJOHDFFRXQWWRXVH/RFDO6HDUFK3UHVVWKH+EXWWRQ7KHODVWIXQFWLRQFDOOHGXSDSSHDUV6HOHFW77(/§LQWKHPDLQIXQFWLRQEDUE\VOLGLQJWXUQLQJDQGSUHVVLQJWKHFRQWUROOHU$PHQXDSSHDUV7RVHOHFW,QWHUQHWWXUQWKHFRQWUROOHUDQGSUHVVWRFRQILUP7KHPHQXIRUWKH,QWHUQHWIXQFWLRQVDSSHDUV6HOHFWWKH0HUFHGHV%HQ]$SSVPHQX7KH0HUFHGHV%HQ]$SSVPHQXLVGLVSOD\HG6HOHFW*RRJOH/RFDO6HDUFKG<RXZLOOILUVWQHHGWRUHJLVWHU$XGLREHIRUH\RXFDQXVHWKH,QWHUQHWIXQFWLRQV7RGRVR\RXKDYHWRHQWHU\RXUQDPHDQGSRVWDODGGUHVVRQFHLQWKHYHKLFOHDQGFRQILUPWKHJHQHUDOWHUPVDQGFRQGLWLRQV6HDUFK(QWU\UHVWULFWLRQ,WLVRQO\SRVVLEOHIRUWKHGULYHUWRHQWHUDVHDUFKWHUPLQWKHLQSXWPHQXZKHQWKHYHKLFOHLVVWDWLRQDU\6HOHFWLQJWKHVHDUFKSRVLWLRQ<RXFDQVHOHFWGLIIHUHQWVHDUFKSRVLWLRQVLQWKHPHQX7KHV\VWHPVHDUFKHVIRUWKHIROORZLQJDYDLODEOHGHVWLQDWLRQV=QHDUWKHFXUUHQWYHKLFOHSRVLWLRQ=QHDUDFLW\,IDGHVWLQDWLRQKDVSUHYLRXVO\EHHQHQWHUHGWKHIROORZLQJDUHDOVRDYDLODEOH *RRJOH/RFDO6HDUFK2QOLQHDQG,QWHUQHWIXQFWLRQV
=QHDUWKHGHVWLQDWLRQ=DORQJWKHURXWHG<RXFDQDOVRVHOHFWDGHVWLQDWLRQIURPWKHJHQHUDOVHDUFKKLVWRU\$IWHUVHOHFWLQJ11HDU'HVWLQDWLRQIRUH[DPSOHHQWHUDQDGGUHVVDQGVHOHFWTWXUQDQGSUHVVWKHFRQWUROOHU7KHVHDUFKUHVXOWVDUHGLVSOD\HG(QWHULQJDVHDUFKWHUP6HOHFW1HDU'HVWLQDWLRQIRUH[DPSOHLQWKH/RFDO6HDUFKPHQX7KHLQSXWPHQXDSSHDUV7RHQWHUXVLQJWKHFKDUDFWHUEDUHQWHUWKHVHDUFKWHUP7RHQWHUFKDUDFWHUVXVLQJWKHQXPEHUSDGSUHVVWKHQXPEHUNH\VLQUDSLGVXFFHVVLRQ7KHFKDUDFWHUDSSHDUVZKHQWKHNH\LVSUHVVHG7KHILUVWDYDLODEOHFKDUDFWHULVKLJKOLJKWHG6HOHFWTDIWHUHQWHULQJWKHVHDUFKWHUP$OLVWZLWKVHDUFKUHVXOWVDSSHDUVG*RRJOHGHWHUPLQHVKRZWKHVHDUFKUHVXOWVDUHVRUWHGWKLVLVQRWQHFHVVDULO\EDVHGRQWKHVKRUWHVWGLVWDQFH8VLQJVHDUFKUHVXOWV7RVHOHFWDQHQWU\IURPWKHOLVWRIVHDUFKUHVXOWVWXUQDQGSUHVVWKHFRQWUROOHU$PHQXDSSHDUV7RGLVSOD\GHWDLOVVHOHFW'HWDLOV7KHDGGUHVVRIWKHVHOHFWHGHQWU\LVGLVSOD\HG7RXVHDVHDUFKUHVXOWDVWKHGHVWLQDWLRQVHOHFW6HWDV'HVWLQDWLRQ<RXWKHQVZLWFKWRQDYLJDWLRQPRGHDQGFDQVWDUWURXWHFDOFXODWLRQG$WWKHVDPHWLPHWKHVHDUFKUHVXOWLVVWRUHGLQWKH/DVWGHVWLQDWLRQVPHPRU\<RXFDQWDNHWKHGHVWLQDWLRQIURPWKLVPHPRU\DQGVDYHLWSHUPDQHQWO\LQWKHFRQWDFWV7RFDOOWKHGHVWLQDWLRQVHOHFW&DOO<RXWKHQVZLWFKWRWKHWHOHSKRQHIXQFWLRQDQGPDNHWKHFDOOSDJHG,IWKHUHLVQRSKRQHQXPEHUDYDLODEOHWKHPHQXLWHPFDQQRWEHVHOHFWHG7RFDOOXS*RRJOH6WUHHW9LHZVHOHFW*RRJOH6WUHHW9LHZ7KLVWDNHV\RXWRWKH*RRJOH6WUHHW9LHZGLVSOD\G,IQR*RRJOH6WUHHW9LHZLQIRUPDWLRQLVDYDLODEOHDFRUUHVSRQGLQJPHVVDJHDSSHDUV7RFDOOXS3DQRUDPLRE\*RRJOHVHOHFW3DQRUDPLRE\*RRJOH7KLVWDNHV\RXWR3DQRUDPLRE\*RRJOHDQG\RXZLOOVHHSKRWRVRISODFHVRILQWHUHVWORFDWHGQHDUWKHVHDUFKUHVXOW7RVDYHWRWKHDGGUHVVERRNVHOHFW,PSRUW7KHHQWU\LVVWRUHGLQWKHDGGUHVVERRN3RSXODUVHDUFKHV<RXFDQRQO\XVHWKLVIXQFWLRQDIWHUVHDUFKTXHULHVKDYHDOUHDG\EHHQFDUULHGRXW*RRJOH/RFDO6HDUFK 2QOLQHDQG,QWHUQHWIXQFWLRQV
3UHVVWKH+EXWWRQ7KHODVWIXQFWLRQFDOOHGXSDSSHDUV7RVHOHFWWKH77(/§PHQXVOLGHWXUQDQGSUHVVWKHFRQWUROOHU7RVHOHFW,QWHUQHWWXUQDQGSUHVVWKHFRQWUROOHU7KHPHQXIRUWKH,QWHUQHWIXQFWLRQVDSSHDUV6HOHFWWKH0HUFHGHV%HQ]$SSVPHQX7KH0HUFHGHV%HQ]$SSVPHQXLVGLVSOD\HG6HOHFW*RRJOH/RFDO6HDUFK7RVHOHFW$WFXUUHQWORFDWLRQWXUQDQGSUHVVWKHFRQWUROOHU7RVHOHFW3RSXODUVHDUFKHVWXUQDQGSUHVVWKHFRQWUROOHU3URFHHGDVGHVFULEHGLQWKH6HOHFWLQJWKHVHDUFKSRVLWLRQVHFWLRQSDJH,IWKHYHKLFOHLVVWDWLRQDU\WKHVHDUFKUHVXOWVFDQEHVXSSOHPHQWHGPDQXDOO\HJ+RWHO$GOHU6HDUFK+LVWRU\<RXFDQRQO\XVHWKLVIXQFWLRQDIWHUVHDUFKTXHULHVKDYHDOUHDG\EHHQFDUULHGRXW3UHVVWKH+EXWWRQ7KHODVWIXQFWLRQFDOOHGXSDSSHDUV7RVHOHFWWKH7(/§PHQXVOLGHWXUQDQGSUHVVWKHFRQWUROOHU7RVHOHFW,QWHUQHWWXUQDQGSUHVVWKHFRQWUROOHU7KHPHQXIRUWKH,QWHUQHWIXQFWLRQVDSSHDUV6HOHFWWKH0HUFHGHV%HQ]$SSVPHQX7KH0HUFHGHV%HQ]$SSVPHQXLVGLVSOD\HG6HOHFW*RRJOH/RFDO6HDUFK7RVHOHFW$WFXUUHQWORFDWLRQWXUQDQGSUHVVWKHFRQWUROOHU7RVHOHFW6HDUFKKLVWRU\WXUQDQGSUHVVWKHFRQWUROOHU3URFHHGDVGHVFULEHGLQWKH6HOHFWLQJWKHVHDUFKSRVLWLRQVHFWLRQSDJH,IWKHYHKLFOHLVVWDWLRQDU\WKHVHDUFKUHVXOWVFDQEHVXSSOHPHQWHGPDQXDOO\HJ+RWHO$GOHU6HOHFWLQJRSWLRQVIRUWKH/RFDO6HDUFK6HWWLQJWKHVHDUFKUDGLXV3UHVVWKH+EXWWRQ7KHODVWIXQFWLRQFDOOHGXSDSSHDUV7RVHOHFWWKH7(/§PHQXVOLGHWXUQDQGSUHVVWKHFRQWUROOHU7RVHOHFW0HUFHGHV%HQ]$SSVWXUQWKHFRQWUROOHUDQGSUHVVWRFRQILUP7KHOLVWRI0HUFHGHV%HQ]$SSVDSSHDUV7RVHOHFW*RRJOH/RFDO6HDUFKVOLGHWKHFRQWUROOHUDQGSUHVVWRFRQILUP7RVHOHFW2SWLRQVVOLGHDQGSUHVVWKHFRQWUROOHU7KHPHQXVKRZVWKHFXUUHQWVHWWLQJV7RVHOHFW6XFKUDGLXV6HDUFKUDGLXVWXUQDQGSUHVVWKHFRQWUROOHU$PHQXDSSHDUV6HOHFWWKHGHVLUHGHQWU\7KHVHOHFWHGVHWWLQJLVDFFHSWHG7RH[LWWKHPHQXVHOHFW9 *RRJOH/RFDO6HDUFK2QOLQHDQG,QWHUQHWIXQFWLRQV
'HOHWLQJVHDUFKTXHULHV6HOHFWWKH2SWLRQVPHQXIRUWKH**RRJOH/RFDO6HDUFK$SSSDJH7KHPHQXVKRZVWKHFXUUHQWVHWWLQJV7RVHOHFW5HVHWODVWORFDWLRQVHDUFKHVWXUQWKHFRQWUROOHUDQGSUHVVWRFRQILUP$SURPSWDSSHDUVDVNLQJZKHWKHU\RXUHDOO\ZLVKWRGHOHWHWKHVHDUFK6HOHFWڋ<HVRU1R,I\RXVHOHFW<HVڋWKHVHDUFKTXHULHVDUHGHOHWHG,I\RXVHOHFW1RڋWKHSURFHVVZLOOEHFDQFHOHG5HVHWWLQJVHDUFKKLVWRU\6HOHFWWKH2SWLRQVPHQXIRUWKH*RRJOH/RFDO6HDUFK$SSSDJH7KHPHQXVKRZVWKHFXUUHQWVHWWLQJV7RVHOHFW'HOHWH$OO6HDUFKHVWXUQWKHFRQWUROOHUDQGSUHVVWRFRQILUP$SURPSWDSSHDUVDVNLQJZKHWKHU\RXUHDOO\ZLVKWRUHVHWWKHVHDUFKKLVWRU\6HOHFWڋ<HVRU1R,I\RXVHOHFW<HVڋWKHODVWVHDUFKTXHULHVDUHGHOHWHG,I\RXVHOHFW1RڋWKHSURFHVVZLOOEHFDQFHOHG'HVWLQDWLRQURXWHGRZQORDG,QWURGXFWLRQ<RXFDQXVH*RRJOH0DSVWRVHQGQDYLJDWLRQGHVWLQDWLRQVWRWKHVHUYHUDQGWKHQGRZQORDGWKHPIURPWKHYHKLFOH<RXFDQXVHGHVWLQDWLRQVIRUURXWHJXLGDQFHDQGVDYHWKHPLQWKHV\VWHPIRUIXUWKHUXVH,QRUGHUWRXVHWKHGHVWLQDWLRQGRZQORDGIXQFWLRQWKHPEUDFHV\VWHPPXVWEH=DFWLYDWHG=RSHUDWLRQDO=DFWLYDWHGIRUWKHVHUYLFHVRIWKHV\VWHPDQGIRU,QWHUQHWDFFHVV)RULQIRUPDWLRQRQWKHPEUDFHV\VWHPVHHWKHVHSDUDWHYHKLFOH2SHUDWRUV0DQXDO6HQGLQJGHVWLQDWLRQVWRWKHVHUYHU&DOOXSWKHZHEVLWHIRU*RRJOH0DSVRQWKH,QWHUQHW(QWHUDGHVWLQDWLRQ&OLFN0RUHDWWKHGHVWLQDWLRQ&OLFN6HQG&OLFN6HQGWRYHKLFOH6HOHFW0HUFHGHV%HQ]DVWKHYHKLFOHEUDQG(QWHUWKHPEUDFHHPDLODGGUHVVRUWKHYHKLFOHLGHQWLILFDWLRQQXPEHU9HKLFOHLGHQWLILFDWLRQQXPEHUSDJH&OLFN6HQG7KHGHVWLQDWLRQLVVHQWWRWKHVHUYHUG7KHDYDLODELOLW\RIWKHGHVWLQDWLRQURXWHGRZQORDGIXQFWLRQLVFRXQWU\GHSHQGHQW'RZQORDGLQJGHVWLQDWLRQVIURPWKHVHUYHU'HVWLQDWLRQURXWHGRZQORDG 2QOLQHDQG,QWHUQHWIXQFWLRQV
3URFHHGDVIROORZVWRXVHGHVWLQDWLRQVURXWHVWKDWKDYHEHHQVHQWWRWKHVHUYHU3UHVVWKH+EXWWRQ7KHODVWIXQFWLRQFDOOHGXSDSSHDUV6HOHFW77(/§LQWKHPDLQIXQFWLRQEDUE\VOLGLQJWXUQLQJDQGSUHVVLQJWKHFRQWUROOHU$PHQXDSSHDUV7RVHOHFW,QWHUQHWWXUQDQGSUHVVWKHFRQWUROOHU7KHPHQXIRUWKH,QWHUQHWIXQFWLRQVDSSHDUV6HOHFWWKH0HUFHGHV%HQ]$SSVPHQX7KH0HUFHGHV%HQ]$SSVPHQXLVGLVSOD\HG6HOHFW'RZQORDG32,IURPWKHOLVW$YDLODEOHGHVWLQDWLRQVDUHVKRZQLQWKHOLVW7RVHWWKHRSWLRQVIRU'HVWLQDWLRQ'RZQORDGVHOHFW2SWLRQVSDJH7RH[LW'HVWLQDWLRQ'RZQORDGVHOHFW([LW<RXFDQVDYHXSWRGHVWLQDWLRQVIRU\RXUYHKLFOHRQWKHVHUYHUDQGGLVSOD\WKHVHLQWKHOLVW,I\RXVHQGIXUWKHUGHVWLQDWLRQVWRWKHVHUYHUWKHROGHVWHQWULHVDUHGHOHWHGIURPWKHOLVW8VLQJGHVWLQDWLRQV'LVSOD\LQJGHWDLOV7RVHOHFWDGHVWLQDWLRQIURPWKHOLVWWXUQWKHFRQWUROOHUDQGSUHVVWRFRQILUP$PHQXDSSHDUV7RVHOHFW'HWDLOVLQWKHPHQXWXUQDQGSUHVVWKHFRQWUROOHU7KHGHVWLQDWLRQLVGLVSOD\HG8VLQJDVWKHGHVWLQDWLRQ7RVHOHFWDGHVWLQDWLRQIURPWKHOLVWWXUQWKHFRQWUROOHUDQGSUHVVWRFRQILUP$PHQXDSSHDUV7RVHOHFW6HWDV'HVWLQDWLRQLQWKHPHQXWXUQDQGSUHVVWKHFRQWUROOHU<RXWKHQVZLWFKWRQDYLJDWLRQPRGHDQGFDQVWDUWURXWHFDOFXODWLRQ7KHGHVWLQDWLRQLVHQWHUHGLQWKHOLVWRIODVWGHVWLQDWLRQV&DOOLQJXSWKHGHVWLQDWLRQ<RXFDQXVHWKHIXQFWLRQLI=DPRELOHSKRQHLVFRQQHFWHGSDJH=WKHGHVWLQDWLRQDGGUHVVFRQWDLQVDWHOHSKRQHQXPEHU6HOHFW&DOOLQWKHPHQX<RXWKHQVZLWFKWRWKHWHOHSKRQHIXQFWLRQDQGPDNHWKHFDOOSDJH 'HVWLQDWLRQURXWHGRZQORDG2QOLQHDQG,QWHUQHWIXQFWLRQV
'HOHWLQJDGHVWLQDWLRQIURPWKHVHUYHU7RVHOHFWDQHQWU\IURPWKHOLVWWXUQWKHFRQWUROOHUDQGSUHVVWRFRQILUP6HOHFW''HOHWH$SURPSWDSSHDUVDVNLQJZKHWKHU\RXUHDOO\ZLVKWRUHVHW6HOHFWڋ<HVRU1R,I\RXVHOHFW<HVڋWKHVHWWLQJVDUHUHVHW,I\RXVHOHFW1RWKHSURFHVVLVFDQFHOHG6HWWLQJRSWLRQVIRUGHVWLQDWLRQGRZQORDG6SHFLI\LQJWKH,'IRUWKHGRZQORDG<RXFDQUHSODFHWKHYHKLFOHLGHQWLILFDWLRQQXPEHU,'ZLWK\RXUHPDLODGGUHVV7KHYHKLFOHLGHQWLILFDWLRQQXPEHULVXVXDOO\HQWHUHG6HOHFWWKH2SWLRQVPHQXIRUWKH'RZQORDG32,$SSSDJH7KHPHQXVKRZVWKHFXUUHQWVHWWLQJV7RVHOHFW,'WXUQDQGSUHVVWKHFRQWUROOHU$QLQSXWPHQXDSSHDUV(QWHUDQHPDLODGGUHVV6HOHFWTDIWHUHQWU\7KHHPDLODGGUHVVLVHQWHUHGLQWKHPHQX$QHPDLOZLOOEHVHQWWR\RXUHPDLODGGUHVVVKRUWO\DIWHUZDUGV<RXPXVWFRQILUPLWZLWKLQKRXUV2WKHUZLVH\RXUSUHYLRXV,'ZLOOFRQWLQXHWREHXVHG7RFRPSOHWHWKHVHWWLQJVFKHFNWKHLQER[DQGIROORZWKHOLQNLQWKHHPDLO7RH[LWWKHPHQXSUHVVWKH8EXWWRQ'HOHWLQJGHVWLQDWLRQVDIWHULPSRUWLQJWRWKHVHUYHU'HVWLQDWLRQVRQWKHVHUYHUDUHDXWRPDWLFDOO\GHOHWHGDIWHUVHYHQGD\V6HOHFWWKH2SWLRQVPHQXIRUWKH'HVWLQDњWLRQ5RXWH'RZQORDGDSSSDJH7KHPHQXVKRZVWKHFXUUHQWVHWWLQJV7RVHOHFW'HOHWHDIWHULPSRUWLQJWRWKHVHUYHUWXUQDQGSUHVVWKHFRQWUROOHU6ZLWFKWKHVHWWLQJRQsRURIIS7RH[LWWKHPHQXSUHVVWKH8EXWWRQ:HDWKHU,QWURGXFWLRQ<RXFDQUHFHLYHZHDWKHUIRUHFDVWVDQ\ZKHUHLQWKHZRUOGYLDRQOLQHFRQQHFWLRQSDJHDQGGLVSOD\LWLQDQLQIRUPDWLRQFKDUWFXUUHQWGD\ILYHGD\IRUHFDVWRULQWKHZHDWKHUPDS2SHQLQJFORVLQJWKH:HDWKHU$SS7RRSHQSUHVVWKH+EXWWRQ7KHODVWIXQFWLRQFDOOHGXSDSSHDUV6HOHFW7(/§LQWKHPDLQIXQFWLRQEDUE\VOLGLQJRWXUQLQJDQGSUHVVLQJWKHFRQWUROOHU7KHPHQXDSSHDUV7RVHOHFW,QWHUQHWWXUQDQGSUHVVWKHFRQWUROOHU7KH,QWHUQHWPHQXDSSHDUV6HOHFWWKH0HUFHGHV%HQ]$SSVPHQX7KH0HUFHGHV%HQ]$SSVPHQXLVGLVSOD\HG6HOHFW:HDWKHUڋIURPWKHOLVW<RXVHHWKHIROORZLQJLQIRUPDWLRQ=WKHWLPHRIWKHFXUUHQWZHDWKHUUHSRUW=WKHFXUUHQWWHPSHUDWXUH=LQIRUPDWLRQRQWKHZHDWKHUHJFORXG\UDLQ=WKHPD[LPXPGD\WLPHWHPSHUDWXUH:HDWKHU 2QOLQHDQG,QWHUQHWIXQFWLRQV
=WKHPLQLPXPGD\WLPHWHPSHUDWXUH=WKHSUREDELOLW\RIUDLQ=WKHIRUHFDVWIRUWKHFXUUHQWGD\WKUHHWLPHLQWHUYDOV7RVZLWFKWRWKHGD\IRUHFDVWVHOHFWڋ&&XUUHQW$PHQXDSSHDUV6HOHFW'D\7KHLQIRUPDWLRQFKDUWGLVSOD\VWKHIRUHFDVWIRUWKHQH[WILYHGD\VLQWKHFXUUHQWO\VHOHFWHGORFDWLRQ7RUHWXUQWRWKHFXUUHQWZHDWKHULQIRUPDWLRQVHOHFW'D\$PHQXDSSHDUV6HOHFWڋ&XUUHQW7KHLQIRUPDWLRQFKDUWVKRZVWKHFXUUHQWIRUHFDVWDWWKHFXUUHQWO\VHOHFWHGORFDWLRQ7RVZLWFKWRLQIRUPDWLRQVHOHFW&XUњUHQW$PHQXDSSHDUV6HOHFW,QIR7KHLQIRUPDWLRQFKDUWGLVSOD\VLQIRUPDWLRQIRUWKHVHOHFWHGORFDWLRQ7RFORVHSUHVVWKH8EXWWRQ7KHPHQXDSSHDUV:HDWKHUPDS&DOOLQJXSWKHZHDWKHUPDS7RVHOHFW0DSLQWKHPHQXWXUQDQGSUHVVWKHFRQWUROOHU7KHPDSDSSHDUVLQDVFDOHRINP7RGLVSOD\WKHFURVVKDLUVOLGHWKHFRQWUROOHU7RVFUROOWKHZHDWKHUPDSVOLGHRUWKHFRQWUROOHU7KHZHDWKHUPDSPRYHVLQWKHFRUUHVSRQGLQJGLUHFWLRQXQGHUWKHFURVVKDLU7RFKDQJHWKHPDSVFDOHDVVRRQDV\RXWXUQWKHFRQWUROOHUWKHVFDOHEDUDSSHDUV7XUQXQWLOWKHGHVLUHGVFDOHLVVHWG7KHGDWDLVGRZQORDGHGDJDLQIURPWKHVHUYHUIRUWKHVHIXQFWLRQV7KLVFDQGHOD\WKHGLVSOD\RIWKHZHDWKHUPDS6KRZLQJKLGLQJWKHPHQXLQWKHZHDWKHUPDS7RVKRZSUHVVWKHFRQWUROOHULQWKHZHDWKHUPDS7RKLGHVOLGHWKHFRQWUROOHU0HPRU\IXQFWLRQV6WRULQJDORFDWLRQLQWKHPHPRU\<RXFDQVDYHORFDWLRQVWKDWDUHFDOOHGXSIUHTXHQWO\LQWHQSUHVHWSRVLWLRQV±6HOHFWDORFDWLRQ7KHZHDWKHUGDWDIRUWKHORFDWLRQLVGLVSOD\HG6HOHFW/RFDWLRQLQWKHPHQX6HOHFW3UHVHWV7RVHOHFWDSUHVHWWXUQWKHFRQWUROOHU3UHVVWKH&20$1'FRQWUROOHUIRUORQJHUWKDQWZRVHFRQGV:KHQWKHORFDWLRQLVVDYHGWKHQXPEHURIWKHVHOHFWHGSUHVHWFRPHVEHIRUHWKHQDPHRIWKHSODFHLQWKHFDSWLRQ6HOHFWLQJDORFDWLRQIURPWKHPHPRU\)URPWKHZHDWKHUPHPRU\WRVHOHFW/RFDWLRQLQWKHLQIRUPDWLRQFKDUWWXUQDQGSUHVVWKHFRQWUROOHU6HOHFW3UHVHWV6HOHFWWKHGHVLUHGSUHVHW7KHLQIRUPDWLRQFKDUWDSSHDUVDQGGLVSOD\VWKHZHDWKHULQIRUPDWLRQ :HDWKHU2QOLQHDQG,QWHUQHWIXQFWLRQV
2SWLRQV&DOOLQJXSWKHRSWLRQVPHQX3UHVVWKH+EXWWRQ7KHODVWIXQFWLRQFDOOHGXSDSSHDUV6HOHFW77(/§LQWKHPDLQIXQFWLRQEDUE\VOLGLQJWXUQLQJDQGSUHVVLQJWKHFRQWUROOHU$PHQXDSSHDUV7RVHOHFW,QWHUQHWWXUQWKHFRQWUROOHUDQGSUHVVWRFRQILUP7KHPHQXIRUWKH,QWHUQHWIXQFWLRQVDSSHDUV7RVHOHFWڋ0HUFHGHV%HQ]$SSVWXUQWKHFRQWUROOHUDQGSUHVVWRFRQILUP7KHOLVWRI0HUFHGHV%HQ]$SSVDSSHDUV6HOHFWWKHGHVLUHGDSSHJ*RRJOH/RFDO6HDUFK7RVHOHFWWKH2SWLRQVPHQXÞVOLGHDQGSUHVVWKHFRQWUROOHU7KHPHQXVKRZVWKHFXUUHQWVHWWLQJV5HVHWWLQJDGMXVWPHQWV:LWKWKHUHVHWIXQFWLRQDOO0HUFHGHV%HQ]$SSVVHWWLQJVDUHUHVHWWRWKHIDFWRU\VHWWLQJV&DOOXSWKH2SWLRQVPHQXSDJH$PHQXDSSHDUV1RDSSVPD\EHVHOHFWHG2WKHUZLVHWKHRSWLRQVPHQXRIWKHUHVSHFWLYHDSSRSHQV7RVHOHFW5HVHWWXUQDQGSUHVVWKHFRQWUROOHU$SURPSWDSSHDUVDVNLQJZKHWKHU\RXUHDOO\ZLVKWRUHVHW6HOHFWڋ<HVRU1R,I\RXVHOHFW<HVڋWKHVHWWLQJVDUHUHVHW,I\RXVHOHFW1RWKHSURFHVVLVFDQFHOHG0HUFHGHV%HQ]$SSV*HQHUDOQRWHV7REHDEOHWRXVH0HUFHGHV%HQ]$SSV\RXILUVWKDYHWRUHJLVWHU7RGRVR\RXKDYHWRHQWHU\RXUQDPHDQGSRVWDODGGUHVVRQFHLQWKHYHKLFOHDQGFRQILUPWKHJHQHUDOWHUPVDQGFRQGLWLRQV$PHVVDJHWRWKLVHIIHFWDSSHDUVWKHILUVWWLPH\RXFDOOXSWKHRQOLQHDQG,QWHUQHWIXQFWLRQV)RULQGLYLGXDO0HUFHGHV%HQ]$SSVLWPD\EHQHFHVVDU\WRSD\OLFHQVHIHHVEHIRUHXVLQJ8VHLVWKHQOLPLWHGWRDFHUWDLQSHULRGRIWLPH/LFHQVHIHHVPXVWEHSDLGDJDLQIRUXVHEH\RQGWKLVWLPHSHULRG0HUFHGHV%HQ]0RELOH:HEVLWH&RQQHFWLQJWRWKH,QWHUQHWSDJH7KHRQOLQHIXQFWLRQVFRQWDLQWKH0HUFHGHV%HQ]0RELOH:HEVLWHDVDSUHGHILQHGIDYRULWH3UHVVWKH+EXWWRQ7KHODVWIXQFWLRQFDOOHGXSDSSHDUV6HOHFW7(/§LQWKHPDLQIXQFWLRQEDUE\VOLGLQJWXUQLQJDQGSUHVVLQJWKHFRQWUROOHU$PHQXDSSHDUV7RVHOHFW,QWHUQHWWXUQWKHFRQWUROOHUDQGSUHVVWRFRQILUP7KHPHQXIRUWKH,QWHUQHWIXQFWLRQVDSSHDUV6HOHFWWKH0HUFHGHV%HQ]0RELOH:HEњVLWHPHQX7KH0HUFHGHV%HQ]KRPHSDJHDSSHDUV0HUFHGHV%HQ]$SSV 2QOLQHDQG,QWHUQHWIXQFWLRQV
G<RXFDQQRWGHOHWHWKH00HUFHGHV%HQ]0RELOH:HEVLWHPHQX)XUWKHU0HUFHGHV%HQ]$SSV<RXFDQFDOOXSDGGLWLRQDO0HUFHGHV%HQ]$SSVKHUHVXFKDV)DFHERRN*RRJOH6WUHHW9LHZ*RRJOH3DQRUDPLRRUFRXQWU\WUDIILFUHJXODWLRQVHJPD[LPXPVSHHG7KHIROORZLQJH[DPSOHVVKRZKRZWRFDOOXSD0HUFHGHV%HQ]$SSIRUH[DPSOH)DFHERRNDQGJHQHUDOO\KRZWRFDOOXS*RRJOHVHUYLFHV7RFDOOXS)DFHERRN3UHVVWKH+EXWWRQ7KHODVWIXQFWLRQFDOOHGXSDSSHDUV6HOHFW7(/§LQWKHPDLQIXQFWLRQEDUE\VOLGLQJWXUQLQJDQGSUHVVLQJWKHFRQWUROOHU$PHQXDSSHDUV7RVHOHFW,QWHUQHWWXUQDQGSUHVVWKHFRQWUROOHU7KHPHQXIRUWKH,QWHUQHWIXQFWLRQVDSSHDUV6HOHFWWKH0HUFHGHV%HQ]$SSVPHQX7KH0HUFHGHV%HQ]$SSVPHQXLVGLVSOD\HG6HOHFW)DFHERRNIURPWKHOLVW7KH)DFHERRNKRPHSDJHDSSHDUVG)DFHERRNLVDVRFLDOQHWZRUN7KLV$SSDOORZV\RXWRORJLQIURP\RXUYHKLFOHDQGXVH)DFHERRNVPDQ\IXQFWLRQV7RFDOOXS*RRJOHVHUYLFHV7KLVLVGRQHWKURXJK*RRJOH/RFDO6HDUFKSDJHG*RRJOH6WUHHW9LHZDOORZV\RXWRYLHZVWUHHWVLQGHJUHHSDQRUDPDV*RRJOH3DQRUDPLRH[SDQGV*RRJOH/RFDO6HDUFKWRLQFOXGHSKRWRVDWWKHVHOHFWHGSRVLWLRQ([LWLQJ0HUFHGHV%HQ]$SSV3UHVVWKH8EXWWRQ7KH,QWHUQHWPHQXDSSHDUVRU3UHVVWKH8EXWWRQIRUORQJHUWKDQWZRVHFRQGV7KH0HUFHGHV%HQ]$SSVRUWKH,QWHUQHWPHQXDSSHDUVG$GGLWLRQDO0HUFHGHV%HQ]$SSVFDQEHSXUFKDVHGRQWKH0HUFHGHV%HQ]ZHEVLWH<RXFDQILQGIXUWKHULQIRUPDWLRQXQGHUKWWSDSSVPHUFHGHVEHQ]FRPDSSV7KHDYDLODEOHIHDWXUHVDUHFRXQWU\GHSHQGHQW,QWHUQHWUDGLR*HQHUDOQRWHV$JRRG,QWHUQHWFRQQHFWLRQHQDEOHVDQHIILFLHQWWUDQVPLVVLRQRIDXGLRGDWD&RQQHFWLQJ\RXUPRELOHSKRQHWRWKHYHKLFOHVH[WHULRUDQWHQQDYLDWKHSKRQHEUDFNHWHQVXUHVWKHEHVWSRVVLEOHUHFHSWLRQG%HDULQPLQGWKDWDUHODWLYHO\ODUJHYROXPHRIGDWDFDQEHWUDQVPLWWHGZKHQXVLQJ,QWHUQHWUDGLR$QDYHUDJHNELWSHUVHFRQGGDWDWUDQVIHUUDWHFDQWUDQVIHU0%RIGDWDLQRQHKRXU7KHGDWDWUDQVIHUUDWHRIDVWDWLRQLVGLVSOD\HGZKLOHUHFHLYLQJGDWD ,QWHUQHWUDGLR2QOLQHDQG,QWHUQHWIXQFWLRQV
&DOOLQJXSWKH,QWHUQHWUDGLR3UHVVWKH+EXWWRQ7KHODVWIXQFWLRQFDOOHGXSDSSHDUV6HOHFW77(/§LQWKHPDLQIXQFWLRQEDUE\VOLGLQJWXUQLQJDQGSUHVVLQJWKHFRQWUROOHU$PHQXDSSHDUV7RVHOHFW,QWHUQHW5DGLRWXUQDQGSUHVVWKHFRQWUROOHU7KH,QWHUQHWUDGLRPHQXDSSHDUVG<RXFDQDOVRFDOOXSWKH,QWHUQHWUDGLRGLUHFWO\LQUDGLRPRGHSDJHRUVHOHFWLWLQ0HUFHGHV%HQ]$SSVSDJH6HDUFKLQJIRUVWDWLRQV7RVHOHFW6HDUFKLQWKH,QWHUQHWUDGLRPHQXWXUQDQGSUHVVWKHFRQWUROOHU$OLVWZLWKVHDUFKRSWLRQVDSSHDUV6HOHFWWKHGHVLUHGVHDUFKRSWLRQG)RUH[DPSOHDVDVHDUFKRSWLRQ\RXFDQVHWDQ,QWHUQHWUDGLRVWDWLRQWKDWLVQHDUWR\RXUQDYLJDWLRQGHVWLQDWLRQ&RQQHFWLQJWRDVWDWLRQ6HDUFKIRUDVWDWLRQSDJH7KHFRQQHFWLRQLVHVWDEOLVKHGDXWRPDWLFDOO\(VWDEOLVKLQJDFRQQHFWLRQPDQXDOO\7RVHOHFWeLQWKH,QWHUQHWUDGLRPHQXWXUQDQGSUHVVWKHFRQWUROOHU7KHFDOOLVSODFHG,IWKHFRQQHFWLRQLVLQWHUUXSWHGWKHV\VWHPZLOODWWHPSWWRUHVWRUHWKHFRQQHFWLRQDXWRPDWLFDOO\0DQXDOO\UHHVWDEOLVKLQJDFRQQHFWLRQ6HOHFWeDJDLQLQWKH,QWHUQHWUDGLRPHQX(QGLQJGDWDWUDQVIHU6HOHFWÛLQWKH,QWHUQHWUDGLRPHQXRU&KDQJHWRDQRWKHUDXGLRVRXUFHIRUH[DPSOH0HGLD,I\RXFKDQJHWRDPDLQIXQFWLRQWKDWLVQRWDQDXGLRVRXUFHHJQDYLJDWLRQWKHGDWDFRQQHFWLRQUHPDLQVRQ<RXFDQFRQWLQXHOLVWHQLQJWRWKHVHWVWDWLRQ3UHVVLQJWKH+EXWWRQWDNHV\RXEDFNWR,QWHUQHWUDGLR6DYLQJDVWDWLRQDVDIDYRULWH7RVHOHFWWKH)DYRULWHVPHQXWXUQDQGSUHVVWKHFRQWUROOHU6HOHFW6DYHDV)DYRULWH7KHVHWVWDWLRQLVVDYHGDVDIDYRULWH,QWHUQHWUDGLR 2QOLQHDQG,QWHUQHWIXQFWLRQV
)XUWKHURSWLRQV7RVHOHFWÞLQWKH,QWHUQHWUDGLRPHQXWXUQDQGSUHVVWKHFRQWUROOHU$PHQXDSSHDUV<RXFDQORDGVWDWLRQORJRVVHOHFWDVWUHDPRUDXWRPDWLFSOD\EDFNRQVWDUWLQJIRUH[DPSOH7RVHOHFW66KRZVWDWLRQORJRVWXUQDQGSUHVVWKHFRQWUROOHU7KHIXQFWLRQLVDFWLYDWHGsRUGHDFWLYDWHGS6HOHFW$XWRPDWLFSOD\DWVWDUW7KHIXQFWLRQLVDFWLYDWHGsRUGHDFWLYDWHGS6RXQGVHWWLQJV7RVHOHFW6RXQGLQWKHPHQXWXUQDQGSUHVVWKHFRQWUROOHU7KHPHQXDSSHDUVVKRZLQJWKHODVWDFFHVVHGVRXQGVHWWLQJ,QWHUQHW&DOOLQJXSDZHEVLWH'LVSOD\UHVWULFWLRQ,QWHUQHWSDJHVFDQQRWEHVKRZQZKLOHWKHYHKLFOHLVLQPRWLRQ(QWHULQJDZHEDGGUHVV3UHVVWKH+EXWWRQ7KHODVWIXQFWLRQFDOOHGXSDSSHDUV6HOHFW7(/§LQWKHPDLQIXQFWLRQEDUE\VOLGLQJWXUQLQJDQGSUHVVLQJWKHFRQWUROOHU$PHQXDSSHDUV7RVHOHFW,QWHUQHWWXUQDQGSUHVVWKHFRQWUROOHU7KHPHQXIRUWKH,QWHUQHWIXQFWLRQVDSSHDUV7RVHOHFWZZZWXUQWKHFRQWUROOHUDQGSUHVVWRFRQILUP$QLQSXWPHQXDSSHDUV<RXFDQHQWHUWKHZHEDGGUHVVXVLQJHLWKHUWKHFKDUDFWHUEDURUWKHQXPEHUNH\SDG7RVHOHFWDZHEDGGUHVVIURPWKHOLVWZKHQWKHFKDUDFWHUEDULVGLVSOD\HGVOLGHWKHFRQWUROOHU7KHOLVWLVDFWLYDWHG6HOHFWWKHGHVLUHGZHEDGGUHVV7KHZHEDGGUHVVFDQVWLOOEHFKDQJHGDVGHVLUHG6HOHFWT7KHZHEVLWHLVFDOOHGXS ,QWHUQHW2QOLQHDQG,QWHUQHWIXQFWLRQV
0HQXIXQFWLRQVC&ORVHVWKHEURZVHUD*RHVEDFNIRUZDUG5HIUHVKHVFDQFHOV85/HQWU\)DYRULWHV'LVFRQQHFWVk2SWLRQV7RVKRZWKHPHQXSUHVVWKH8EXWWRQ7RFDOOXSWKHRSWLRQVPHQXVHOHFWWKHPHQXWXUQDQGSUHVVWKHFRQWUROOHU7RFORVHWKHZHEVLWHVHOHFW97RFDOOXSWKHSUHYLRXVZHEVLWHVHOHFW7RFDOOXSWKHQH[WZHEVLWHVHOHFW7RUHIUHVKWKHZHEVLWHVHOHFW7KHZHEVLWHLVUHIUHVKHG7KLVSURFHGXUHPD\WDNHVRPHWLPHG:KLOHWKHZHEVLWHLVORDGLQJDFURVVDSSHDUVLQWKHPHQX7KLVFDQEHXVHGWRFDQFHOWKHORDGLQJSURFHGXUH7RHQWHUD85/VHOHFWJ(QWHUDZHEDGGUHVV85/SDJH)DYRULWHVVHOHFWI7KH)DYRULWHVPHQXDSSHDUVSDJH2SWLRQVPHQX2SHQLQJLQDQHZZLQGRZ,QRUGHUWREHDEOHWRXVHWKLVIXQFWLRQWKHFXUVRUPXVWEHRQDOLQN7RVKRZWKHPHQXSUHVVWKH8EXWWRQ7RVHOHFW22SWLRQVWXUQDQGSUHVVWKHFRQWUROOHU$PHQXDSSHDUV6HOHFW2SHQ,Q$1HZ:LQGRZ7KHZHEVLWHLVRSHQHGLQDQHZZLQGRZ$GGLQJWRERRNPDUNV$GGVWKHFXUUHQWZHEVLWHWRWKHIDYRULWHV7KHZHEVLWHFDQWKHQEHFDOOHGXSXVLQJWKHPHQX<RXFDQVWRUHXSWRIDYRULWHVLQWKHPHQX7RVKRZWKHPHQXSUHVVWKH8EXWWRQ7RVHOHFW2SWLRQVWXUQDQGSUHVVWKHFRQWUROOHU$PHQXDSSHDUV6HOHFW$GGWR%RRNPDUNV$SURPSWDSSHDUV6HOHFWڋ6DYH$V*OREDO%RRNPDUNRU6DYH$V/RFDO%RRNPDUN7KHPHVVDJH7KHZHEVLWHZDVDGGHGWRERRNPDUNVDSSHDUV,QWHUQHW 2QOLQHDQG,QWHUQHWIXQFWLRQV
&XUUHQW85/7RVKRZWKHPHQXSUHVVWKH8EXWWRQ7RVHOHFW22SWLRQVWXUQDQGSUHVVWKHFRQWUROOHU$PHQXDSSHDUV6HOHFW&XUUHQW85/7KH85/DSSHDUV=RRP<RXFDQXVHWKLVIXQFWLRQWRHQODUJHZHESDJHV7RVKRZWKHPHQXSUHVVWKH8EXWWRQ7RVHOHFW2SWLRQVWXUQDQGSUHVVWKHFRQWUROOHU$PHQXDSSHDUV6HOHFW=RRP7KH;GRWLQGLFDWHVWKHFXUUHQWVHWWLQJ7RQDYLJDWHRQWKHZHESDJHVOLGHRUWKHFRQWUROOHU7R]RRPLQRQWKHZHESDJHWXUQWKHFRQWUROOHU-XPSLQJIURPOLQNWROLQN<RXFDQXVHWKLVIXQFWLRQWRVNLSIURPRQHOLQNWRWKHQH[WRQDZHEVLWH7RVKRZWKHPHQXSUHVVWKH8EXWWRQ7RVHOHFW2SWLRQVWXUQDQGSUHVVWKHFRQWUROOHU$PHQXDSSHDUV6HOHFW-XPS)URP/LQN7R/LQN7KH;GRWLQGLFDWHVWKHFXUUHQWVHWWLQJ7RVNLSIURPOLQNWROLQNWXUQWKHFRQWUROOHU7RVHOHFWWKHGHVLUHGOLQNSUHVVWKHFRQWUROOHU7KHOLQNLVFDOOHGXS'LUHFWLRQDOVFUROOLQJ<RXFDQXVHWKLVIXQFWLRQWRVFUROOXSDQGGRZQRQWKHZHESDJH7RVKRZWKHPHQXSUHVVWKH8EXWWRQ7RVHOHFW2SWLRQVWXUQDQGSUHVVWKHFRQWUROOHU$PHQXDSSHDUV6HOHFW'LUHFWLRQDO6FUROOLQJ7KH;GRWLQGLFDWHVWKHFXUUHQWVHWWLQJ7RQDYLJDWHRQWKHZHESDJHWXUQWKHFRQWUROOHU6HWWLQJV6HWWLQJVPHQX7RVKRZWKHPHQXSUHVVWKH8EXWWRQ7RVHOHFWWXUQDQGSUHVVFRQWUROOHU$PHQXDSSHDUV6HOHFW6HWWLQJV<RXFDQDFWLYDWHGHDFWLYDWHWKHIROORZLQJVHWWLQJV='RZQORDG,PDJHV$XWRPDWLFDOO\ڋ,WPD\WDNHVRPHWLPHWRGRZQORDGWKHFRQWHQWVRIZHEVLWHVWKDWFRQWDLQDODUJHDPRXQWRILPDJHV7KHUHIRUHLWPD\EHXVHIXOWRGHDFWLYDWHWKLVRSWLRQ=%ORFN3RS8SVڋ3RSXSVDUHZLQGRZVXVXDOO\ZLWKDGYHUWLVHPHQWVZKLFKDUHGLVSOD\HGDXWRPDWLFDOO\ZKHQ\RXFDOOXSDZHEVLWH<RXFDQEORFNWKHVHGLVSOD\V=$FWLYDWH-DYDVFULSWڋ-DYDVFULSWPDNHVLWSRVVLEOHWRGLVSOD\DQGLQWHUDFWZLWKG\QDPLFFRQWHQWRQWKHZHEVLWH=$OORZ&RRNLHVڋ6RPHZHEVLWHVVDYHLQIRUPDWLRQLQVPDOOWH[WILOHVFRRNLHVLQ\RXUV\VWHP<RXFDQGHWHUPLQHZKHWKHUFRRNLHVPD\EHVWRUHG=6KRZ/LQN7DUJHWڋ<RXFDQGLVSOD\WKHOLQNV85/KHUH=&KDUDFWHU6L]Hڋ ,QWHUQHW2QOLQHDQG,QWHUQHWIXQFWLRQV
<RXFDQVHOHFWWKHIRQWVL]HZKLFKLVXVHGZKHQGLVSOD\LQJWKHZHEVLWH=&&KDUDFWHU&RGHڋ<RXFDQVHOHFWDGLIIHUHQWFKDUDFWHUVHWKHUHHJLIWKHFKDUDFWHUVRIDZHEVLWHDSSHDUGLVWRUWHG&KDQJLQJVHWWLQJV6HOHFWWKHGHVLUHGVHWWLQJ6ZLWFKWKHVHWWLQJRQsRURIIS6HOHFWڋ&KDUDFWHU6L]HRU&KDUDFWHU&RGH7RVHOHFWWKHVHWWLQJ\RXUHTXLUHWXUQDQGSUHVVWKHFRQWUROOHUG,I\RXFKDQJHWKHVHWWLQJVWKHZHEVLWHVPD\QRWEHGLVSOD\HGFRUUHFWO\'HOHWLQJSULYDWHGDWD3UHVVWKH+EXWWRQ6HOHFW,QWHUQHW7RVKRZWKHPHQXVOLGHWKHFRQWUROOHU7RVHOHFW6HWWLQJVVOLGHWKHFRQWUROOHUWXUQDQGSUHVVWRFRQILUP$PHQXDSSHDUV7RVHOHFW'HOHWH3ULYDWH'DWDWXUQDQGSUHVVWKHFRQWUROOHU$PHQXDSSHDUV6HOHFWWKHVHWWLQJ7KH;GRWLQGLFDWHVWKHFXUUHQWVHWWLQJRU6HOHFW'HOHWH$OO'DWD2Q([LW6ZLWFKWKHVHWWLQJRQsRURIIS2SWLRQ )XQFWLRQ$OOڋ 'HOHWHVDOOSULYDWHGDWD&DFKHڋ 'HOHWHVGDWDLQWKHFDFKH&RRNLHVڋ 'HOHWHVFRRNLHVWKDWDUHFUHDWHGE\ZHEVLWHVZKLFK\RXKDYHFDOOHGXS85/+LVWRU\ڋ 'HOHWHVDOOZHEVLWHVYLVLWHGSDWKs'HOHWH$OO'DWD2Q([LWڋ,IWKLVIXQFWLRQLVDFWLYDWHGsDOOSULYDWHGDWDLVGHOHWHGZKHQ\RXH[LWWKH,QWHUQHWEURZVHUG,I\RXUHVHW$XGLRWRWKHIDFWRU\VHWWLQJVUHVHWIXQFWLRQWKHVHGDWDDQGVHWWLQJVDUHGHOHWHGSDJH)DYRULWHV,QWURGXFWLRQ)DYRULWHVERRNPDUNVDUHIUHTXHQWO\YLVLWHGZHEVLWHV&UHDWLQJIDYRULWHV$GGLQJDIDYRULWHLQWKHPHQX3UHVVWKH+EXWWRQ7KHODVWIXQFWLRQFDOOHGXSDSSHDUV6HOHFW7(/§LQWKHPDLQIXQFWLRQEDUE\VOLGLQJWXUQLQJDQGSUHVVLQJWKHFRQWUROOHU$PHQXDSSHDUV7RVHOHFW,QWHUQHWWXUQDQGSUHVVWKHFRQWUROOHU7KHPHQXIRUWKH,QWHUQHWIXQFWLRQVDSSHDUV,QWHUQHW 2QOLQHDQG,QWHUQHWIXQFWLRQV
6HOHFWZZZZ(QWHUWKHZHEDGGUHVV85/DQGQDPHXVLQJWKHFKDUDFWHUEDUDQGSUHVVTWRVHOHFW$GGLQJWRIDYRULWHV7RFDOOXSWKHPHQXSUHVVWKH8EXWWRQ7RVHOHFWWXUQDQGSUHVVWKHFRQWUROOHU6HOHFWڋ$GGWR%RRNPDUNVSDJH6HOHFWLQJIDYRULWHV3UHVVWKH+EXWWRQ7KHODVWIXQFWLRQFDOOHGXSDSSHDUV6HOHFW7(/§LQWKHPDLQIXQFWLRQEDUE\VOLGLQJWXUQLQJDQGSUHVVLQJWKHFRQWUROOHU$PHQXDSSHDUV7RVHOHFW,QWHUQHWWXUQDQGSUHVVWKHFRQWUROOHU7KHPHQXIRUWKH,QWHUQHWIXQFWLRQVDSSHDUV7RVHOHFWWKH,QWHUQHW)DYRULWHVPHQXWXUQDQGSUHVVWKHFRQWUROOHU7KH)DYRULWHVPHQXDSSHDUV6HOHFWWKHGHVLUHGERRNPDUN7KHIDYRULWHLVRSHQHGLQDQHZZLQGRZ(GLWLQJIDYRULWHV3UHVVWKH+EXWWRQ7KHODVWIXQFWLRQFDOOHGXSDSSHDUV6HOHFW7(/§LQWKHPDLQIXQFWLRQEDUE\VOLGLQJWXUQLQJDQGSUHVVLQJWKHFRQWUROOHU$PHQXDSSHDUV7RVHOHFW,QWHUQHWWXUQDQGSUHVVWKHFRQWUROOHU7KHPHQXIRUWKH,QWHUQHWIXQFWLRQVDSSHDUV7RVHOHFWWKH,QWHUQHW)DYRULWHVPHQXWXUQDQGSUHVVWKHFRQWUROOHU7KH)DYRULWHVPHQXDSSHDUV6HOHFWWKHGHVLUHGIDYRULWHV7RVHOHFWVOLGHDQGSUHVVWKHFRQWUROOHU6HOHFW(GLW$QLQSXWPHQXDSSHDUV(QWHUWKHZHEDGGUHVV85/DQGQDPHXVLQJWKHFKDUDFWHUEDU'HOHWLQJIDYRULWHV3UHVVWKH+EXWWRQ7KHODVWIXQFWLRQFDOOHGXSDSSHDUV6HOHFW7(/§LQWKHPDLQIXQFWLRQEDUE\VOLGLQJWXUQLQJDQGSUHVVLQJWKHFRQWUROOHU$PHQXDSSHDUV7RVHOHFW,QWHUQHWWXUQDQGSUHVVWKHFRQWUROOHU7KHPHQXIRUWKH,QWHUQHWIXQFWLRQVDSSHDUV7RVHOHFWWKH,QWHUQHW)DYRULWHVPHQXWXUQDQGSUHVVWKHFRQWUROOHU7KH)DYRULWHVPHQXDSSHDUV6HOHFWWKHGHVLUHGIDYRULWHV7RVHOHFWVOLGHDQGSUHVVWKHFRQWUROOHU6HOHFW'HOHWH$SURPSWDSSHDUV6HOHFWڋ<HVRU1R,I\RXVHOHFW<HVWKHIDYRULWHLVGHOHWHG,I\RXVHOHFW1RWKHSURFHVVLVFDQFHOHG&ORVLQJWKH,QWHUQHWEURZVHU6HOHFW8LQWKHEURZVHUPHQXSDJHRU3UHVVWKH8EXWWRQIRUORQJHUWKDQWZRVHFRQGV$SURPSWDSSHDUVDVNLQJZKHWKHU\RXZDQWWRFORVHWKH,QWHUQHWEURZVHU6HOHFWڋ<HVRU1R,I\RXVHOHFW<HVڋWKHDSSOLFDWLRQLVFORVHG,I\RXVHOHFW1RWKHSURFHVVLVFDQFHOHG ,QWHUQHW2QOLQHDQG,QWHUQHWIXQFWLRQV
3XEOLFDWLRQGHWDLOV,QWHUQHW)XUWKHULQIRUPDWLRQDERXW0HUFHGHV%HQ]YHKLFOHVDQGDERXW'DLPOHU$*FDQEHIRXQGRQWKHIROORZLQJZHEVLWHVKWWSZZZPHUFHGHVEHQ]FRPKWWSZZZPHUFHGHVEHQ]FRPFQKWWSZZZGDLPOHUFRPKWWSZZZPEXVDFRP86$RQO\KWWSZZZPHUFHGHVEHQ]FD&DQDGDRQO\KWWSZZZPHUFHGHVEHQ]FRMS(GLWRULDORIILFH<RXDUHZHOFRPHWRIRUZDUGDQ\TXHULHVRUVXJJHVWLRQV\RXPD\KDYHUHJDUGLQJWKLV2SHUDWRUV0DQXDOWRWKHWHFKQLFDOGRFXPHQWDWLRQWHDPDWWKHIROORZLQJDGGUHVV'DLPOHU$*+3&&$&&XVWRPHU6HUYLFH6WXWWJDUW*HUPDQ\0HUFHGHV%HQ]&KLQD/LPLWHG'DLPOHU$*1RWWREHUHSULQWHGWUDQVODWHGRURWKHUZLVHUHSURGXFHGLQZKROHRULQSDUWZLWKRXWZULWWHQSHUPLVVLRQIURP'DLPOHU$*9HKLFOHPDQXIDFWXUHU'DLPOHU$*0HUFHGHVVWUDH6WXWWJDUW*HUPDQ\$VDW
 This device complies with part 15 of FCC Rules and Industry Canadas licence-exempt RSSs. Operation is subject to the following two conditions: (1) this device may not cause harmful interference, and (2) this device must accept any interference received, including interference that may cause undesired operation. Le présent appareil est conforme à la partie 15 des règles de la FCC et aux normes des CNR d'Industrie Canada applicables aux appareils radio exempts de licence. L'exploitation est autorisée aux deux conditions suivantes : (1) l'appareil ne doit pas produire de brouillage, et (2) l'appareil doit accepter tout brouillage subi, même si le brouillage est susceptible d'en compromettre le fonctionnement. Changes or modifications not expressly approved by the party responsible for compliance could void the user’sauthority to operate the equipment.This transmitter must not be co-located or operated in conjunction with any other antenna or transmitter.This equipment complies with FCC/IC radiation exposure limits set forth for an uncontrolled environment and meetsthe FCC radio frequency (RF) Exposure Guidelines and RSS-102 of the IC radio frequency (RF) Exposure rules. Thisequipment should be installed and operated keeping the radiator at least 20cm or more away from person’s body.仏）Cet équipement est conforme aux limites d’exposition aux rayonnements énoncées pour un environnement noncontrôlé et respecte les règles les radioélectriques (RF) de la FCC lignes directrices d'exposition et d’exposition auxfréquences radioélectriques (RF) CNR-102 de l’IC. Cet équipement doit être installé et utilisé en gardant une distancede 20 cm ou plus entre le radiateur et le corps humain.

Navigation menu