Netgear orporated 13200234 N300 Personal Router User Manual N300 Personal Router PR2000

Netgear Incorporated N300 Personal Router N300 Personal Router PR2000

user manual

(DVW3OXPHULD'ULYH6DQ-RVH&$86$-XO\&(57,),&$7,21'5$)713HUVRQDO5RXWHU358VHU0DQXDONETGEARPR2000WiFiUSBUSBLANInternet/LANResetNETGEARPowerInternet1RWH 7KLVGUDIWLVDFHUWLILFDWLRQGRFXPHQWDQGWKHUHPLJKWEHVRPHGLIIHUHQFHVEHWZHHQWKLVXVHUPDQXDODQGWKHDFWXDOXQLW
13HUVRQDO5RXWHU356XSSRUW7KDQN\RXIRUVHOHFWLQJ1(7*($5SURGXFWV$IWHULQVWDOOLQJ\RXUGHYLFHORFDWHWKHVHULDOQXPEHURQWKHODEHORI\RXUSURGXFWDQGXVHLWWRUHJLVWHU\RXUSURGXFWDWKWWSVP\QHWJHDUFRP<RXPXVWUHJLVWHU\RXUSURGXFWEHIRUH\RXFDQXVH1(7*($5WHOHSKRQHVXSSRUW1(7*($5UHFRPPHQGVUHJLVWHULQJ\RXUSURGXFWWKURXJKWKH1(7*($5ZHEVLWH)RUSURGXFWXSGDWHVDQGZHEVXSSRUWYLVLWKWWSVXSSRUWQHWJHDUFRP3KRQH86&DQDGDRQO\1(7*($53KRQH2WKHU&RXQWULHV&KHFNWKHOLVWRISKRQHQXPEHUVDWKWWSVXSSRUWQHWJHDUFRPJHQHUDOFRQWDFWGHIDXOWDVS[7UDGHPDUNV1(7*($5WKH1(7*($5ORJRDQG&RQQHFWZLWK,QQRYDWLRQDUHWUDGHPDUNVDQGRUUHJLVWHUHGWUDGHPDUNVRI1(7*($5,QFDQGRULWVVXEVLGLDULHVLQWKH8QLWHG6WDWHVDQGRURWKHUFRXQWULHV,QIRUPDWLRQLVVXEMHFWWRFKDQJHZLWKRXWQRWLFH1(7*($5,QF$OOULJKWVUHVHUYHG
&RQWHQWV&KDSWHU +DUGZDUH6HWXS8QSDFN<RXU5RXWHU3RVLWLRQ<RXU5RXWHU 3UHSDUHWKH5RXWHU +DUGZDUH)HDWXUHV,QWHUQHW0RGH6ZLWFK ,QGLFDWRU/('V &RQQHFWLRQ3RUWVDQG5HVHW%XWWRQ 3RZHU,QSXWV 3URGXFW/DEHO *HW6WDUWHG &RQQHFWWRWKH,QWHUQHWZLWKD:LUHG:$1&RQQHFWLRQ&RQQHFWWRWKH,QWHUQHWZLWKD:LUHOHVV:$1&RQQHFWLRQ 8VHWKH358QLWDVD:LUHOHVV5HSHDWHU 8VHWKH358QLWDVD7ZR3RUW:L)L$GDSWHU8VHWKH358QLWDVD0RELOH%URDGEDQG5RXWHU &RQQHFW:LUHOHVV'HYLFHVWRWKH358QLW &KDSWHU *HWWLQJ6WDUWHGZLWK1(7*($5JHQLH5RXWHU6HWXS3UHSDUDWLRQ8VH6WDQGDUG7&3,33URSHUWLHVIRU'+&3 *DWKHU,63,QIRUPDWLRQ :LUHOHVV'HYLFHVDQG6HFXULW\6HWWLQJV 7\SHVRI/RJLQVDQG$FFHVV1(7*($5JHQLH6HWXS8VH1(7*($5JHQLHDIWHU,QVWDOODWLRQ8SJUDGH5RXWHU)LUPZDUH5RXWHU'DVKERDUG%DVLF+RPH6FUHHQ$GG:LUHOHVV'HYLFHVRU&RPSXWHUVWR<RXU1HWZRUN0DQXDO0HWKRG :L)L3URWHFWHG6HWXS:360HWKRG&KDSWHU JHQLH%DVLF6HWWLQJV,QWHUQHW6HWXS,QWHUQHW6HWXS6FUHHQ)LHOGV $WWDFKHG'HYLFHV3DUHQWDO&RQWUROV5HDG\6+$5(86%6WRUDJH%DVLF:LUHOHVV6HWWLQJV
13HUVRQDO5RXWHU35:LUHOHVV6HWXS6FUHHQ)LHOGV  &KDQJH:3$6HFXULW\2SWLRQDQG3DVVZRUG  *XHVW1HWZRUNV *XHVW1HWZRUN:LUHOHVV6HFXULW\2SWLRQV &KDSWHU JHQLH$GYDQFHG+RPH6HWXS:L]DUG :36:L]DUG  6HWXS0HQX  :$16HWXS 'HIDXOW'0=6HUYHU &KDQJHWKH0786L]H  /$16HWXS  /$16HWXS6FUHHQ6HWWLQJV 8VHWKH5RXWHUDVD'+&36HUYHU $GGUHVV5HVHUYDWLRQ  4XDOLW\RI6HUYLFH4R66HWXS  &KDSWHU 86%6WRUDJH86%'ULYH5HTXLUHPHQWV  5HDG\6+$5($FFHVV  )LOH6KDULQJ6FHQDULRV  %DVLF6HWWLQJV $GGRU(GLWD1HWZRUN)ROGHU  86%6WRUDJH$GYDQFHG6HWWLQJV  6DIHO\5HPRYHD86%'ULYH  6SHFLI\$SSURYHG86%'HYLFHV  &RQQHFWWRWKH86%'ULYHIURPD5HPRWH&RPSXWHU $FFHVVWKH5RXWHU¶V86%'ULYH5HPRWHO\8VLQJ)73 &KDSWHU 6HFXULW\.H\ZRUG%ORFNLQJRI+7737UDIILF  %ORFN6HUYLFHV3RUW)LOWHULQJ  6FKHGXOH%ORFNLQJ 6HFXULW\(YHQW(PDLO1RWLILFDWLRQV &KDSWHU $GPLQLVWUDWLRQ8SJUDGHWKH5RXWHU)LUPZDUH 9LHZ5RXWHU6WDWXV 5RXWHU,QIRUPDWLRQ ,QWHUQHW3RUW :LUHOHVV6HWWLQJV*+]DQG*+] *XHVW1HWZRUN*+]DQG*+] 9LHZ/RJVRI:HE$FFHVVRU$WWHPSWHG:HE$FFHVV  0DQDJHWKH&RQILJXUDWLRQ)LOH  
13HUVRQDO5RXWHU35%DFN8S6HWWLQJV 5HVWRUH&RQILJXUDWLRQ6HWWLQJV(UDVH 6HW3DVVZRUG 3DVVZRUG5HFRYHU\&KDSWHU $GYDQFHG6HWWLQJV$GYDQFHG:LUHOHVV6HWWLQJV:LUHOHVV5HSHDWLQJ)XQFWLRQ:'6:LUHOHVV5HSHDWLQJ)XQFWLRQ6HW8SWKH%DVH6WDWLRQ 6HW8SD5HSHDWHU8QLW3RUW)RUZDUGLQJDQG3RUW7ULJJHULQJ 5HPRWH&RPSXWHU$FFHVV%DVLFV 3RUW7ULJJHULQJWR2SHQ,QFRPLQJ3RUWV 3RUW)RUZDUGLQJWR3HUPLW([WHUQDO+RVW&RPPXQLFDWLRQV +RZ3RUW)RUZDUGLQJ'LIIHUVIURP3RUW7ULJJHULQJ6HW8S3RUW)RUZDUGLQJWR/RFDO6HUYHUV $GGD&XVWRP6HUYLFH(GLWRU'HOHWHD3RUW)RUZDUGLQJ(QWU\6HW8S3RUW7ULJJHULQJ'\QDPLF'16 6WDWLF5RXWHV 5HPRWH0DQDJHPHQW 86%6HWWLQJV 8QLYHUVDO3OXJDQG3OD\ ,3Y 7UDIILF0HWHU &KDSWHU 7URXEOHVKRRWLQJ4XLFN7LSV6HTXHQFHWR5HVWDUW<RXU1HWZRUN &KHFN(WKHUQHW&DEOH&RQQHFWLRQV:LUHOHVV6HWWLQJV1HWZRUN6HWWLQJV7URXEOHVKRRWZLWKWKH/('V 3RZHU7HVW/(',V2IIRU%OLQNLQJ 3RZHU7HVW/('6WD\V$PEHU/('V1HYHU7XUQ2II ,QWHUQHWRU(WKHUQHW3RUW/('V$UH2II:LUHOHVV/('V$UH2II7KH3XVK1&RQQHFW:36%XWWRQ%OLQNV*UHHQ &DQQRW/RJ,QWRWKH5RXWHU &DQQRW$FFHVVWKH,QWHUQHW 7URXEOHVKRRW333R( 7URXEOHVKRRW,QWHUQHW%URZVLQJ&KDQJHV1RW6DYHG 
13HUVRQDO5RXWHU35,QFRUUHFW'DWHRU7LPH :LUHOHVV&RQQHFWLYLW\  :LUHOHVV6LJQDO6WUHQJWK  5HVWRUHWKH)DFWRU\6HWWLQJVDQG3DVVZRUG  7URXEOHVKRRW<RXU1HWZRUN8VLQJWKH3LQJ8WLOLW\  7HVWWKH/$13DWKWR<RXU5RXWHU 7HVWWKH3DWKIURP<RXU&RPSXWHUWRD5HPRWH'HYLFH $SSHQGL[$ 6XSSOHPHQWDO,QIRUPDWLRQ)DFWRU\6HWWLQJV  7HFKQLFDO6SHFLILFDWLRQV $SSHQGL[% 1RWLILFDWLRQRI&RPSOLDQFH,QGH[
+DUGZDUH6HWXS*HWWLQJWRNQRZ\RXUURXWHU7KH13HUVRQDO5RXWHU35SURYLGHV\RXZLWKDQHDV\DQGVHFXUHZD\WRVHWXSDZLUHOHVVKRPHQHWZRUNZLWKIDVWDFFHVVWRWKH,QWHUQHWRYHUDKLJKVSHHGGLJLWDOVXEVFULEHUOLQH'6/RUDFDEOHEURDGEDQGVHUYLFHSURYLGHU,WLVFRPSDWLEOHZLWKDOOPDMRU'6/,QWHUQHWVHUYLFHSURYLGHUVDQGFDEOHEURDGEDQGVHUYLFHSURYLGHUVOHWV\RXEORFNXQVDIH,QWHUQHWFRQWHQWDQGDSSOLFDWLRQVDQGSURWHFWVWKHGHYLFHVFRPSXWHUVJDPLQJFRQVROHVDQGVRRQWKDW\RXFRQQHFWWR\RXUKRPHQHWZRUN1RWH )RUPRUHLQIRUPDWLRQDERXWWKHWRSLFVFRYHUHGLQWKLVPDQXDOYLVLWWKHVXSSRUWZHEVLWHDWKWWSVXSSRUWQHWJHDUFRP,I\RXKDYHQRWDOUHDG\VHWXS\RXUQHZURXWHUXVLQJWKHLQVWDOODWLRQJXLGHWKDWFRPHVLQWKHER[WKLVFKDSWHUZDONV\RXWKURXJKWKHKDUGZDUHVHWXS&KDSWHUJHQLH%DVLF6HWWLQJVH[SODLQVKRZWRVHWXS\RXU,QWHUQHWFRQQHFWLRQ7KLVFKDSWHUFRQWDLQVWKHIROORZLQJVHFWLRQV8QSDFN<RXU5RXWHU3RVLWLRQ<RXU5RXWHU+DUGZDUH)HDWXUHV*HW6WDUWHG&RQQHFWWRWKH,QWHUQHWZLWKD:LUHG:$1&RQQHFWLRQ&RQQHFWWRWKH,QWHUQHWZLWKD:LUHOHVV:$1&RQQHFWLRQ&RQQHFW:LUHOHVV'HYLFHVWRWKH358QLW
+DUGZDUH6HWXS13HUVRQDO5RXWHU358QSDFN<RXU5RXWHU2SHQWKHER[DQGUHPRYHWKHURXWHUDQGLQVWDOODWLRQJXLGHNETGEAR3RZHUSOXJ13HUVRQDO5RXWHU35 YDULHVE\FRXQW\)LJXUH3DFNDJHFRQWHQWV<RXUER[VKRXOGFRQWDLQWKHIROORZLQJLWHPV13HUVRQDO5RXWHU353RZHUSOXJYDULHVE\FRXQWU\,QVWDOODWLRQJXLGHZLWKFDEOLQJDQGURXWHUVHWXSLQVWUXFWLRQV,IDQ\SDUWVDUHLQFRUUHFWPLVVLQJRUGDPDJHGFRQWDFW\RXU1(7*($5GHDOHU.HHSWKHFDUWRQDQGRULJLQDOSDFNLQJPDWHULDOVLQFDVH\RXQHHGWRUHWXUQWKHSURGXFWIRUUHSDLU3RVLWLRQ<RXU5RXWHU7KHURXWHUOHWV\RXDFFHVV\RXUQHWZRUNIURPDQ\ZKHUHZLWKLQWKHRSHUDWLQJUDQJHRI\RXUZLUHOHVVQHWZRUN+RZHYHUWKHRSHUDWLQJGLVWDQFHRUUDQJHRI\RXUZLUHOHVVFRQQHFWLRQFDQYDU\VLJQLILFDQWO\GHSHQGLQJRQWKHSK\VLFDOSODFHPHQWRI\RXUURXWHU)RUH[DPSOHWKHWKLFNQHVVDQGQXPEHURIZDOOVWKHZLUHOHVVVLJQDOSDVVHVWKURXJKFDQOLPLWWKHUDQJH)RUEHVWUHVXOWVSODFH\RXUURXWHU1HDUWKHFHQWHURIWKHDUHDZKHUH\RXUFRPSXWHUVDQGRWKHUGHYLFHVRSHUDWHDQGSUHIHUDEO\ZLWKLQOLQHRIVLJKWWR\RXUZLUHOHVVGHYLFHV6RLWLVDFFHVVLEOHWRDQ$&SRZHURXWOHWDQGQHDU(WKHUQHWFDEOHVIRUZLUHGFRPSXWHUV,QDQHOHYDWHGORFDWLRQVXFKDVDKLJKVKHOINHHSLQJWKHQXPEHURIZDOOVDQGFHLOLQJVEHWZHHQWKHURXWHUDQG\RXURWKHUGHYLFHVWRDPLQLPXP$ZD\IURPHOHFWULFDOGHYLFHVWKDWDUHSRWHQWLDOVRXUFHVRILQWHUIHUHQFHVXFKDVFHLOLQJIDQVKRPHVHFXULW\V\VWHPVPLFURZDYHVFRPSXWHUVRUWKHEDVHRIDFRUGOHVVSKRQHRU*+]RU*+]FRUGOHVVSKRQH
+DUGZDUH6HWXS13HUVRQDO5RXWHU35$ZD\IURPDQ\ODUJHPHWDOVXUIDFHVVXFKDVDVROLGPHWDOGRRURUDOXPLQXPVWXGV/DUJHH[SDQVHVRIRWKHUPDWHULDOVVXFKDVJODVVLQVXODWHGZDOOVILVKWDQNVPLUURUVEULFNDQGFRQFUHWHFDQDOVRDIIHFW\RXUZLUHOHVVVLJQDO:KHQ\RXXVHPXOWLSOHDFFHVVSRLQWVLWLVEHWWHULIDGMDFHQWDFFHVVSRLQWVXVHGLIIHUHQWUDGLRIUHTXHQF\FKDQQHOVWRUHGXFHLQWHUIHUHQFH7KHUHFRPPHQGHGFKDQQHOVSDFLQJEHWZHHQDGMDFHQWDFFHVVSRLQWVLVFKDQQHOVIRUH[DPSOHXVH&KDQQHOVDQGRUDQG3UHSDUHWKH5RXWHU7RHQVXUHSURSHUKHDWGLVVLSDWLRQDQGIRUURXWHUVWDELOLW\LWLVLPSRUWDQWWKDW\RXFRQQHFWWKHVWDQGDQGSODFH\RXUURXWHULQDQXSULJKWSRVLWLRQ¾7RSUHSDUH\RXUURXWHUIRULQVWDOODWLRQ &DUHIXOO\SHHORIIWKHSURWHFWLYHILOPFRYHULQJWKHHQGRI\RXUURXWHUPowerInternetUSBLANInternet/LANResetNETGEAR
+DUGZDUH6HWXS13HUVRQDO5RXWHU35 ,IQHFHVVDU\FKDQJHWKHSRZHUSOXJWRRQHWKDWLVFRPSDWLEOHZLWKWKHSRZHURXWOHWVLQ\RXUORFDWLRQNETGEARInternetviaWiredPower OffWirelesNNETGEARNETGEARPR2000PowerInternetWiFiUSBWiredPower OffWirelesNETGEARStep 1 Step 2 3ODFH\RXUURXWHULQDQDUHDVXLWDEOHIRULQVWDOODWLRQQHDUDQ$&SRZHURXWOHWDQGDFFHVVLEOHWRWKH(WKHUQHWFDEOHVIRU\RXUZLUHGFRPSXWHUV
+DUGZDUH6HWXS13HUVRQDO5RXWHU35+DUGZDUH)HDWXUHV7KH35SURYLGHVWKHIROORZLQJKDUGZDUHIHDWXUHV,QWHUQHW0RGHVZLWFKLQGLFDWRU/('VFRQQHFWLRQSRUWVDQGUHVHWEXWWRQSRZHULQSXWVDQGSURGXFWODEHO,QWHUQHW0RGH6ZLWFK8VHWKHVZLWFKDWWKHWRSRIWKH35XQLWWRVHWWKH35,QWHUQHWPRGHNETGEARNETGEARPR2000PowerInternetWiFiUSBInternetviaWiredPower OffWirelesInternetviaWiredPower OffWireles)LJXUH,QWHUQHW0RGHVZLWFK7KH,QWHUQHW0RGHVZLWFKKDVWKHIROORZLQJVHWWLQJV:LUHG(VWDEOLVKDQ,QWHUQHWFRQQHFWLRQZLWKDQ(WKHUQHWFDEOHLQFOXGLQJWKH5RXWHUDQG$FFHVV3RLQW$3PRGHVRIWKH35XQLW3RZHURII7XUQWKH35XQLWRII:LUHOHVV(VWDEOLVKDQ,QWHUQHWFRQQHFWLRQZLWKHLWKHU:L)LRUDQ,63GRQJOHLQFOXGLQJWKH5HSHDWHU:LUHOHVV:$1KRWVSRWDQG,6386%GRQJOHPRGHVRIWKH35XQLW
+DUGZDUH6HWXS13HUVRQDO5RXWHU35,QGLFDWRU/('V2SHQWKHVLGHFRYHUWRYLHZWKHLQGLFDWRU/('VNETGEARNETGEARPR2000PowerInternetWiFiUSBWiredPower OffWireles)LJXUH,QGLFDWRU/('V7KHVH/('VVKRZKRZWKH35XQLWLVZRUNLQJ/(' 'HVFULSWLRQ3RZHU 6ROLGJUHHQ7KHURXWHULVRQ%OLQNLQJJUHHQ7KHURXWHULVEHLQJUHVHWWRLWVIDFWRU\GHIDXOWV2II7KHURXWHULVRII
+DUGZDUH6HWXS13HUVRQDO5RXWHU35&RQQHFWLRQ3RUWVDQG5HVHW%XWWRQ9LHZWKHFRQQHFWLRQSRUWVDQGUHVHWEXWWRQRQWKHERWWRPRIWKH35XQLWWiFiUSBUSBLANInternet/LANResetNETGEARInternet)LJXUH&RQQHFWLRQSRUWVDQGUHVHWEXWWRQ7KHFRQQHFWLRQSRUWVDQGUHVHWEXWWRQSHUIRUPWKHIROORZLQJIXQFWLRQV5HVHWEXWWRQ7RUHVHWWKH35XQLWWRLWVIDFWRU\VHWWLQJVLQVHUWDSDSHUFOLSLQWRWKHUHVHWKROHDQGKROGLWXQWLOWKH3RZHU/('IODVKHV6HH)DFWRU\6HWWLQJVRQSDJH IRULQIRUPDWLRQDERXWUHVWRULQJIDFWRU\VHWWLQJV,QWHUQHW/$1SRUW8VHWKH(WKHUQHWSRUWIRUDQ,QWHUQHWFRQQHFWLRQLQ5RXWHUPRGHRU(WKHUQHWHQDEOHGGHYLFHLQRWKHUPRGHV,QWHUQHW *UHHQ7KH,QWHUQHWLVDYDLODEOHIURPHLWKHU:L)L(WKHUQHWRUDQ,6386%GRQJOH2II7KH,QWHUQHWLVQRWDYDLODEOH:L)L *UHHQ$ZLUHOHVVGHYLFHLVFRQQHFWHGWRWKHURXWHU2II1RGHYLFHLVDWWDFKHGWRWKHURXWHU86% *UHHQ7KH86%GULYHLVSURSHUO\PRXQWHG2II1R86%GULYHLVGHWHFWHG/(' 'HVFULSWLRQ
+DUGZDUH6HWXS13HUVRQDO5RXWHU35/$1SRUW8VHWKH/$1SRUWIRUDQ\(WKHUQHWHQDEOHGGHYLFH86%SRUW8VHWKH86%SRUWIRU86%VWRUDJHRUSULQWHU:KHQZDOOSOXJJHGWKHSRUWFDQEHXVHGDVDFHOOSKRQHFKDUJHU3RZHU,QSXWV<RXFDQSRZHUWKH35XQLWZLWKHLWKHU$&FXUUHQWIURPDZDOOVRFNHWRUDPLFUR86%FRQQHFWLRQ$&3RZHU&RQQHFWLRQ,QVHUWWKHSRZHUSURQJVLQWRWKH35XQLWDQGWKHQSOXJWKHXQLWLQWRDQ$&ZDOOSOXJNETGEARNETGEARPR2000PowerInternetWiFiUSBWiredPower OffWirelesNETGEARStep 1 Step 2)LJXUH$&SRZHUFRQQHFWLRQPLFUR86%&RQQHFWLRQ&RQQHFWDPLFUR86%FDEOHWRWKH35XQLWDQGWRD86%SRUWRQDQRWKHUGHYLFHNETGEARInternetviaWiredPower OffWireles)LJXUH0LFUR86%SRZHUFRQQHFWLRQ
+DUGZDUH6HWXS13HUVRQDO5RXWHU353URGXFW/DEHO7KHGHYLFHORJLQLQIRUPDWLRQ85/XVHUQDPHDQGSDVVZRUG66,'DQGZLUHOHVVSDVVZRUGDUHSULQWHGRQWKHSURGXFWODEHO7KHSURGXFWODEHOLVRQWKHVLGHRIWKHXQLW272-12047-01N300 Personal Routerhttp://www.routerlogin.netModel: PR2000user name: adminpassword: password100-240V    50-60Hz, 0.3AINDOOR USE ONLYMade in ChinaThis device complies with part 15 of the FCC Rules and Canada ICES-003. 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.SER100-240V    50-60Hz, 0.3AINDOOR USE ONLY272-12046-01N300 Personal RouterMade in Chinahttp://www.routerlogin.netModel: PR2000user name: adminpassword: passwordFCC ID: PY313200234IC: 4054A-13200234272-12048-01N30httpModuserpassMadeⓅ抯⅔抑⅔抑'HYLFHORJLQLQIRUPDWLRQ3UHVHWZLUHOHVVQHWZRUNQDPH66,'DQGZLUHOHVVQHWZRUNNH\SDVVZRUG85/XVHUQDPHDQGSDVVZRUG)LJXUH3URGXFWODEHO
+DUGZDUH6HWXS13HUVRQDO5RXWHU35*HW6WDUWHG<RXFDQFRQQHFWWKH35XQLWWRWKH,QWHUQHWZLWKHLWKHUDZLUHGRUZLUHOHVV:$1FRQQHFWLRQ<RXFDQFRQQHFWZLUHOHVVGHYLFHVVXFKDVGHVNWRSVODSWRSVWDEOHWVDQGFHOOSKRQHVWRWKH35XQLW¾7RVHWXSFRQQHFWLRQVZLWKWKH35XQLW 6HWXSWKH,QWHUQHWFRQQHFWLRQWRWKH35XQLW:LUHG:$1FRQQHFWLRQ6HWXSDZLUHG:$1FRQQHFWLRQWRWKH,QWHUQHWXVLQJWKH(WKHUQHW:$1SRUW)RUPRUHLQIRUPDWLRQVHH&RQQHFWWRWKH,QWHUQHWZLWKD:LUHG:$1&RQQHFWLRQRQSDJH :LUHOHVV:$1FRQQHFWLRQ6HWXSDZLUHOHVV:$1FRQQHFWLRQWRWKH,QWHUQHWXVLQJHLWKHUD:L)LRU,63PRELOHEURDGEDQGOLQN)RUPRUHLQIRUPDWLRQVHH&RQQHFWWRWKH,QWHUQHWZLWKD:LUHOHVV:$1&RQQHFWLRQRQSDJH 2SWLRQDO&RQQHFW\RXUZLUHOHVVGHYLFHVWRWKH35XQLW)RUPRUHLQIRUPDWLRQVHH&RQQHFW:LUHOHVV'HYLFHVWRWKH358QLWRQSDJH 2SWLRQDO&RQQHFWD86%SULQWHUWRWKH3586%SRUW)RUPRUHLQIRUPDWLRQVHHWKH13HUVRQDO5RXWHU358VHU0DQXDO&RQQHFWWRWKH,QWHUQHWZLWKD:LUHG:$1&RQQHFWLRQ<RXFDQFRQQHFWWRWKH,QWHUQHWZLWKDZLUHG:$1FRQQHFWLRQNETGEARNETGEARPR2000PowerInternetWiFiUSBWiredPower OffWireles)LJXUH:LUHG:$1FRQQHFWLRQ
+DUGZDUH6HWXS13HUVRQDO5RXWHU35¾7RFRQQHFWWRWKH,QWHUQHWZLWKDZLUHG:$1FRQQHFWLRQ 8VHDQ(WKHUQHWFDEOHWRFRQQHFWWKH35(WKHUQHW:$1SRUWWRWKH(WKHUQHWSRUWRI\RXU,QWHUQHWVHUYLFH 8VHDQ(WKHUQHWFDEOHWRFRQQHFWWKH35(WKHUQHW/$1SRUWWRWKH(WKHUQHWSRUWRI\RXUFRPSXWHU &RQQHFWWKH35XQLWWRDSRZHUVRXUFH<RXFDQFRQQHFWWKH35XQLWHLWKHUWRDQ$&ZDOORXWOHWRUDPLFUR86%SRZHUFDEOH 7XUQRQWKHSRZHUWRWKH35XQLW0RYHWKH,QWHUQHW0RGHVZLWFKIURPWKH2IISRVLWLRQWRWKH:LUHGSRVLWLRQ 2SHQDZHEEURZVHUW\SHZZZURXWHUORJLQQHWLQWKHDGGUHVVILHOGDQGSUHVVWKHHQWHUNH\ ,QWKHUHVXOWLQJVFUHHQWKDWGLVSOD\VHQWHUDGPLQIRU\RXUXVHUQDPHDQGSDVVZRUGIRU\RXUSDVVZRUG &OLFN2.$VFUHHQVLPLODUWRWKHIROORZLQJRQHGLVSOD\V 7RXVHWKH6HWXS:L]DUGWRFRQILJXUH\RXU,QWHUQHWFRQQHFWLRQVHOHFW<HVDQGFOLFN1H[W$VFUHHQVLPLODUWRWKHIROORZLQJRQHGLVSOD\VZKHQ\RXDUHFRQQHFWHGWRWKH,QWHUQHW 2SWLRQDO&RQQHFW\RXUZLUHOHVVGHYLFHVWRWKH35XQLW)RUPRUHLQIRUPDWLRQVHH&RQQHFW:LUHOHVV'HYLFHVWRWKH358QLWRQSDJH
+DUGZDUH6HWXS13HUVRQDO5RXWHU35&RQQHFWWRWKH,QWHUQHWZLWKD:LUHOHVV:$1&RQQHFWLRQ7KHZLUHOHVVPRGHLVH[FOXVLYHIURPWKHZLUHGPRGHEHFDXVH\RXPRYHWKH,QWHUQHW0RGHVZLWFKIURPWKHRIISRVLWLRQWRWKH:LUHOHVVSRVLWLRQ,QZLUHOHVVPRGH\RXFDQXVHWKH35XQLWDVD:L)LFRQQHFWLRQWRDZLUHOHVVQHWZRUNLQD:L)LKRWVSRW]RQHDZLUHOHVVUHSHDWHUWRH[WHQGWKHUDQJHRI\RXUSHUVRQDOZLUHOHVVQHWZRUNRUDQ,63PRELOHEURDGEDQGOLQNWR\RXU,QWHUQHWVHUYLFHSURYLGHUNETGEARNETGEARPR2000PowerInternetWiFiUSBWiredPower OffWireles)LJXUH:LUHOHVV:$1FRQQHFWLRQ¾7RFRQQHFWWRWKH,QWHUQHWZLWKDZLUHOHVV:$1FRQQHFWLRQ &RQQHFWWKH35XQLWWRDSRZHUVRXUFH<RXFDQFRQQHFWWKH35XQLWHLWKHUWRDQ$&ZDOORXWOHWRUDPLFUR86%SRZHUFDEOH 7XUQRQWKHSRZHUWRWKH35XQLW0RYHWKH,QWHUQHW0RGHVZLWFKIURPWKH2IISRVLWLRQWRWKH:LUHOHVVSRVLWLRQ &RQQHFW\RXUZLUHOHVVFRPSXWHUWRWKH35XQLW8VHWKHSUHVHWZLUHOHVVQHWZRUNQDPH66,'DQGZLUHOHVVQHWZRUNNH\SDVVZRUGRQWKHSURGXFWODEHO 2SHQDZHEEURZVHUW\SHZZZURXWHUORJLQQHWLQWKHDGGUHVVILHOGDQGSUHVVWKHHQWHUNH\ ,QWKHUHVXOWLQJVFUHHQWKDWGLVSOD\VHQWHUDGPLQIRU\RXUXVHUQDPHDQGSDVVZRUGIRU\RXUSDVVZRUG &OLFN2.
+DUGZDUH6HWXS13HUVRQDO5RXWHU35$VFUHHQVLPLODUWRWKHIROORZLQJRQHGLVSOD\VWKDWVKRZVWKHDYDLODEOHZLUHOHVVQHWZRUNV 6HOHFWWKHZLUHOHVVQHWZRUNWKDW\RXZDQWWRFRQQHFWWRDQGHQWHUWKHUHODWHGVHFXULW\LQIRUPDWLRQIRUWKDWZLUHOHVVQHWZRUN &OLFN$SSO\$VFUHHQVLPLODUWRWKHIROORZLQJRQHGLVSOD\VZKHQ\RXDUHFRQQHFWHGWRWKH,QWHUQHW <RXFDQFRQQHFWWRWKH,QWHUQHWXVLQJDQ\RIWKHIROORZLQJZLUHOHVVPRGHV:LUHOHVV:$1<RXFDQVDYHPRQH\ZKLOHVLWWLQJLQD:L)LKRWVSRW]RQH8VXDOO\WKH:LUHOHVV,QWHUQHW6HUYLFH3URYLGHU:,63FKDUJHVIRU:L)LXVDJHDWHYHU\VLQJOHORJLQ:LWKWKH35:LUHOHVV:$1PRGH\RXUSHUVRQDOGHYLFHVFDQFRQQHFWWRWKH,QWHUQHWZLWKWKH35XQLWIRURQO\DRQHWLPHFKDUJH:LUHOHVVUHSHDWHU<RXFDQH[WHQGWKHUDQJHRI\RXUSHUVRQDOZLUHOHVVQHWZRUN8VHWKH35XQLWWRFRQQHFW\RXUZLUHOHVVGHYLFHVWKDWDUHRXWVLGHWKHUDQJHRI\RXUSHUVRQDOZLUHOHVVQHWZRUN)RUPRUHLQIRUPDWLRQVHH8VHWKH358QLWDVD:LUHOHVV5HSHDWHURQSDJH8VHWKH(WKHUQHWSRUWVRQWKH35XQLWWRFRQQHFWXSWRWZRRI\RXU(WKHUQHWHQDEOHGGHYLFHVZLUHOHVVO\WR\RXUQHWZRUN)RUPRUHLQIRUPDWLRQVHH8VHWKH358QLWDVD7ZR3RUW:L)L$GDSWHURQSDJH,6386%GRQJOH<RXFDQXVHWKH86%SRUWRQWKH35XQLWWRPDNHDQ,63PRELOHEURDGEDQGFRQQHFWLRQWR\RXU,QWHUQHWVHUYLFHSURYLGHU)RUPRUHLQIRUPDWLRQVHH8VHWKH358QLWDVD0RELOH%URDGEDQG5RXWHURQSDJH
+DUGZDUH6HWXS13HUVRQDO5RXWHU358VHWKH358QLWDVD:LUHOHVV5HSHDWHU<RXFDQXVHWKH35XQLWDVDUHSHDWHUWRFRQQHFW\RXUZLUHOHVVGHYLFHVWKDWDUHRXWVLGHWKHUDQJHRI\RXUSHUVRQDOZLUHOHVVQHWZRUN1(7*($5UHFRPPHQGVWKDW\RXFRQQHFWWRWKHZLUHOHVVQHWZRUNRIWKH35XQLWRQO\ZKHQDFRPSXWHURUZLUHOHVVGHYLFHLVLQDGHDG]RQHZKHUHWKHQHWZRUNFRQQHFWLRQWR\RXUH[LVWLQJURXWHULVYHU\SRRURUQRQH[LVWHQW¾7RXVHWKH35XQLWDVDZLUHOHVVUHSHDWHU 3ODFHWKH35XQLWDWDQHTXDOGLVWDQFHEHWZHHQ\RXUZLUHOHVVURXWHUDQGWKHZLUHOHVVGHYLFHWKDWLVORFDWHGRXWVLGHWKHUDQJHRI\RXUURXWHUDO DON’TNETGEARNETGEARPR2000PowerInternetWiFiUSBWiredPower OffWirelesNETGEARNETGEARPR2000PowerInternetWiFiUSBWiredPower OffWireles:KHQSRVVLEOHFRQILJXUHWKH35XQLWDQGURXWHULQWKHVDPHURRP 2SHQDZHEEURZVHUW\SHZZZURXWHUORJLQQHWLQWKHDGGUHVVILHOGDQGSUHVVWKHHQWHUNH\ ,QWKHUHVXOWLQJVFUHHQWKDWGLVSOD\VHQWHUDGPLQIRU\RXUXVHUQDPHDQGSDVVZRUGIRU\RXUSDVVZRUG &OLFN2.$VFUHHQVLPLODUWRWKHIROORZLQJRQHGLVSOD\VWKDWVKRZVWKHDYDLODEOHZLUHOHVVQHWZRUNV 0DNHVXUHWKDWWKH,DPLQDSXEOLFQHWZRUNFKHFNER[LVQRWVHOHFWHG 6HOHFWWKHZLUHOHVVQHWZRUNWKDW\RXZDQWWRFRQQHFWWRDQGHQWHUWKHUHODWHGVHFXULW\LQIRUPDWLRQIRUWKDWZLUHOHVVQHWZRUN &OLFN$SSO\7KH35XQLWLVFRQILJXUHGDVDZLUHOHVVUHSHDWHU 2SWLRQDO<RXFDQXVHWKH35XQLWDVDWZRSRUW:L)LDGDSWHU)RUPRUHLQIRUPDWLRQVHH8VHWKH358QLWDVD7ZR3RUW:L)L$GDSWHURQSDJH 
+DUGZDUH6HWXS13HUVRQDO5RXWHU358VHWKH358QLWDVD7ZR3RUW:L)L$GDSWHU2QFHWKH35XQLWLVFRQQHFWHGWR\RXUH[LVWLQJ:L)LQHWZRUNDVDZLUHOHVVUHSHDWHU\RXFDQXVHWKH(WKHUQHWSRUWVRQWKH35XQLWWRFRQQHFWXSWRWZR(WKHUQHWHQDEOHGGHYLFHVZLUHOHVVO\WR\RXUQHWZRUNNETGEARNETGEARPR2000PowerInternetWiFiUSBWiredPower OffWireles)LJXUH7ZRSRUW:L)LDGDSWHU6LPSO\SOXJWKH(WKHUQHWFDEOHIURP\RXU(WKHUQHWHQDEOHGGHYLFHVXFKDVDFRQQHFWHG79%OXUD\SOD\HURUDJDPLQJFRQVROHWRRQHRIWKH(WKHUQHWSRUWVRIWKH35XQLWDQGHQMR\ZLUHOHVVFRQQHFWLYLW\
+DUGZDUH6HWXS13HUVRQDO5RXWHU358VHWKH358QLWDVD0RELOH%URDGEDQG5RXWHU<RXFDQPDNHDQ,63PRELOHEURDGEDQG:$1FRQQHFWLRQWR\RXU,QWHUQHWVHUYLFHSURYLGHU<RXPXVWKDYHDYDOLG,6386%GRQJOHWKDWLVFRQQHFWHGWRWKH86%SRUWRIWKH35XQLW&RQWDFW\RXU,QWHUQHWVHUYLFHSURYLGHUIRUPRUHLQIRUPDWLRQNETGEARPR2000WiFiUSBUSBLANInternet/LANResetNETGEARPowerInternet)LJXUH0RELOHEURDGEDQGFRQQHFWLRQ&RQQHFW:LUHOHVV'HYLFHVWRWKH358QLW8VHWKHSUHVHWZLUHOHVVQHWZRUNQDPH66,'DQGZLUHOHVVQHWZRUNNH\SDVVZRUGWRFRQQHFWZLUHOHVVGHYLFHVVXFKDVGHVNWRSODSWRSVFHOOSKRQHVDQGWDEOHWVWRWKH35XQLW7KH66,'DQGSDVVZRUGDUHRQWKHSURGXFWODEHO
*HWWLQJ6WDUWHGZLWK1(7*($5JHQLH&RQQHFWLQJWRWKHURXWHU7KLVFKDSWHUH[SODLQVKRZWRXVH1(7*($5JHQLHWRVHWXS\RXUURXWHUDIWHU\RXFRPSOHWHFDEOLQJDVGHVFULEHGLQWKHLQVWDOODWLRQJXLGHDQGLQWKHSUHYLRXVFKDSWHULQWKLVERRN7KLVFKDSWHUFRQWDLQVWKHIROORZLQJVHFWLRQV5RXWHU6HWXS3UHSDUDWLRQ7\SHVRI/RJLQVDQG$FFHVV1(7*($5JHQLH6HWXS8VH1(7*($5JHQLHDIWHU,QVWDOODWLRQ8SJUDGH5RXWHU)LUPZDUH5RXWHU'DVKERDUG%DVLF+RPH6FUHHQ$GG:LUHOHVV'HYLFHVRU&RPSXWHUVWR<RXU1HWZRUN
*HWWLQJ6WDUWHGZLWK1(7*($5JHQLH13HUVRQDO5RXWHU355RXWHU6HWXS3UHSDUDWLRQ<RXFDQVHWXS\RXUURXWHUZLWKWKH1(7*($5JHQLHDXWRPDWLFDOO\RU\RXFDQXVHWKH*HQLHPHQXVDQGVFUHHQVWRVHWXS\RXUURXWHUPDQXDOO\+RZHYHUEHIRUH\RXVWDUWWKHVHWXSSURFHVV\RXQHHGWRKDYH\RXU,63LQIRUPDWLRQRQKDQGDQGPDNHVXUHWKHODSWRSV3&VDQGRWKHUGHYLFHVLQWKHQHWZRUNKDYHWKHVHWWLQJVGHVFULEHGKHUH8VH6WDQGDUG7&3,33URSHUWLHVIRU'+&3,I\RXVHWXS\RXUFRPSXWHUWRXVHDVWDWLF,3DGGUHVV\RXQHHGWRFKDQJHWKHVHWWLQJVVRWKDWLWXVHV'\QDPLF+RVW&RQILJXUDWLRQ3URWRFRO'+&3*DWKHU,63,QIRUPDWLRQ,I\RXKDYH'6/EURDGEDQGVHUYLFH\RXPLJKWQHHGWKHIROORZLQJLQIRUPDWLRQWRVHWXS\RXUURXWHUDQGWRFKHFNWKDW\RXU,QWHUQHWFRQILJXUDWLRQLVFRUUHFW<RXU,QWHUQHWVHUYLFHSURYLGHU,63VKRXOGKDYHSURYLGHG\RXZLWKDOORIWKHLQIRUPDWLRQQHHGHGWRFRQQHFWWRWKH,QWHUQHW,I\RXFDQQRWORFDWHWKLVLQIRUPDWLRQDVN\RXU,63WRSURYLGHLW:KHQ\RXU,QWHUQHWFRQQHFWLRQLVZRUNLQJ\RXQRORQJHUQHHGWRODXQFKWKH,63ORJLQSURJUDPRQ\RXUFRPSXWHUWRDFFHVVWKH,QWHUQHW:KHQ\RXVWDUWDQ,QWHUQHWDSSOLFDWLRQ\RXUURXWHUDXWRPDWLFDOO\ORJV\RXLQ7KH,63FRQILJXUDWLRQLQIRUPDWLRQIRU\RXU'6/DFFRXQW,63ORJLQQDPHDQGSDVVZRUG)L[HGRUVWDWLF,3DGGUHVVVHWWLQJVVSHFLDOGHSOR\PHQWE\,63:LUHOHVV'HYLFHVDQG6HFXULW\6HWWLQJV0DNHVXUHWKDWWKHZLUHOHVVGHYLFHRUFRPSXWHUWKDW\RXDUHXVLQJVXSSRUWV:3$RU:3$ZLUHOHVVVHFXULW\ZKLFKLVWKHZLUHOHVVVHFXULW\VXSSRUWHGE\WKHURXWHU6HH%DVLF:LUHOHVV6HWWLQJVRQSDJH IRULQIRUPDWLRQDERXWWKHURXWHU¶VSUHFRQILJXUHGVHFXULW\VHWWLQJV7\SHVRI/RJLQVDQG$FFHVV7KHUHDUHWZRVHSDUDWHW\SHVRIORJLQVWKDWKDYHGLIIHUHQWSXUSRVHV,WLVLPSRUWDQWWKDW\RXXQGHUVWDQGWKHGLIIHUHQFHVRWKDW\RXNQRZZKLFKORJLQWRXVHZKHQ5RXWHUORJLQORJV\RXLQWRWKHURXWHULQWHUIDFHIURP1(7*($5JHQLH6HH8VH1(7*($5JHQLHDIWHU,QVWDOODWLRQRQSDJH IRUGHWDLOVDERXWWKLVORJLQ,63ORJLQORJV\RXLQWR\RXU,QWHUQHWVHUYLFH<RXUVHUYLFHSURYLGHUSURYLGHG\RXZLWKWKLVORJLQLQIRUPDWLRQLQDOHWWHURUVRPHRWKHUZD\,I\RXFDQQRWILQGWKLVORJLQLQIRUPDWLRQFRQWDFW\RXUVHUYLFHSURYLGHU:LUHOHVVQHWZRUNNH\RUSDVVZRUG<RXUURXWHULVSUHVHWZLWKDXQLTXHZLUHOHVVQHWZRUNQDPH66,'DQGSDVVZRUGIRUZLUHOHVVDFFHVV7KLVLQIRUPDWLRQLVRQWKHODEHODWWKHERWWRPRI\RXUURXWHU
*HWWLQJ6WDUWHGZLWK1(7*($5JHQLH13HUVRQDO5RXWHU351(7*($5JHQLH6HWXS1(7*($5JHQLHUXQVRQDQ\GHYLFHZLWKDZHEEURZVHU,WLVWKHHDVLHVWZD\WRVHWXSWKHURXWHUEHFDXVHLWDXWRPDWHVPDQ\RIWKHVWHSVDQGYHULILHVWKDWWKRVHVWHSVKDYHEHHQVXFFHVVIXOO\FRPSOHWHG,WWDNHVDERXW PLQXWHVWRFRPSOHWH8VLQJ1(7*($5JHQLHWRVHWXS\RXUURXWHU 7XUQRQWKHURXWHUE\SUHVVLQJWKH2Q2IIEXWWRQ 0DNHVXUHWKDW\RXUGHYLFHLVFRQQHFWHGZLWKDQ(WKHUQHWFDEOHWR\RXUURXWHU /DXQFK\RXU,QWHUQHWEURZVHU7KHILUVWWLPH\RXVHWXSWKH,QWHUQHWFRQQHFWLRQIRU\RXUURXWHUWKHEURZVHUDXWRPDWLFDOO\JRHVWRKWWSZZZURXWHUORJLQQHWDQGWKH1(7*($5JHQLHVFUHHQGLVSOD\V,I\RXDOUHDG\XVHGWKH1(7*($5JHQLHW\SHKWWSZZZURXWHUORJLQQHWLQWKHDGGUHVVILHOGIRU\RXUEURZVHUWRGLVSOD\WKH1(7*($5JHQLHVFUHHQ6HH8VH1(7*($5JHQLHDIWHU,QVWDOODWLRQRQSDJH )ROORZWKHLQVWUXFWLRQVRQWKHVFUHHQWRFRPSOHWHWKH1(7*($5JHQLHVHWXS1(7*($5JHQLHJXLGHV\RXWKURXJKFRQQHFWLQJWKHURXWHUWRWKH,QWHUQHW,IWKHEURZVHUFDQQRWGLVSOD\WKHZHESDJH0DNHVXUHWKDWWKHFRPSXWHULVFRQQHFWHGWRRQHRIWKHIRXU/$1(WKHUQHWSRUWVRUZLUHOHVVO\WRWKHURXWHU0DNHVXUHWKDWWKHURXWHULVXSDQGUXQQLQJ,WV:LUHOHVV/('VVKRXOGWXUQRQ&ORVHDQGUHRSHQWKHEURZVHUWRPDNHVXUHWKDWWKHEURZVHUGRHVQRWFDFKHWKHSUHYLRXVSDJH%URZVHWRKWWSZZZURXWHUORJLQQHW,IWKHFRPSXWHULVVHWWRDVWDWLFRUIL[HG,3DGGUHVVWKLVLVXQFRPPRQFKDQJHLWWRREWDLQDQ,3DGGUHVVDXWRPDWLFDOO\IURPWKHURXWHU,IWKHURXWHUGRHVQRWFRQQHFWWRWKH,QWHUQHW 5HYLHZ\RXUVHWWLQJVWREHVXUHWKDW\RXKDYHVHOHFWHGWKHFRUUHFWRSWLRQVDQGW\SHGHYHU\WKLQJFRUUHFWO\ &RQWDFW\RXU,63WRYHULI\WKDW\RXKDYHWKHFRUUHFWFRQILJXUDWLRQLQIRUPDWLRQ 5HDG&KDSWHU7URXEOHVKRRWLQJ,ISUREOHPVSHUVLVWUHJLVWHU\RXU1(7*($5SURGXFWDQGFRQWDFW1(7*($5WHFKQLFDOVXSSRUW8VH1(7*($5JHQLHDIWHU,QVWDOODWLRQ:KHQ\RXILUVWVHWXS\RXUURXWHU1(7*($5JHQLHDXWRPDWLFDOO\VWDUWVZKHQ\RXODXQFKDQ,QWHUQHWEURZVHURQDFRPSXWHUWKDWLVFRQQHFWHGWRWKHURXWHU<RXFDQXVH1(7*($5*HQLHDJDLQWRYLHZRUFKDQJHVHWWLQJVIRUWKHURXWHU
*HWWLQJ6WDUWHGZLWK1(7*($5JHQLH13HUVRQDO5RXWHU35 /DXQFK\RXUEURZVHUIURPDFRPSXWHURUZLUHOHVVGHYLFHWKDWLVFRQQHFWHGWRWKHURXWHU 7\SHKWWSZZZURXWHUORJLQQHWRUKWWSZZZURXWHUORJLQFRP7KHORJLQZLQGRZGLVSOD\Vadmin******** (QWHUDGPLQIRUWKHURXWHUXVHUQDPHDQGSDVVZRUGIRUWKHURXWHUSDVVZRUGERWKLQORZHUFDVHOHWWHUV1RWH7KHURXWHUXVHUQDPHDQGSDVVZRUGDUHGLIIHUHQWIURPWKHXVHUQDPHDQGSDVVZRUGIRUORJJLQJLQWR\RXU,QWHUQHWFRQQHFWLRQ6HH7\SHVRI/RJLQVDQG$FFHVVRQSDJH IRUPRUHLQIRUPDWLRQ8SJUDGH5RXWHU)LUPZDUH:KHQ\RXVHWXS\RXUURXWHUDQGDUHFRQQHFWHGWRWKH,QWHUQHWWKHURXWHUDXWRPDWLFDOO\FKHFNVIRU\RXWRVHHLIQHZHUILUPZDUHLVDYDLODEOH,ILWLVDPHVVDJHLVGLVSOD\HGRQWKHWRSRIWKHVFUHHQ6HH8SJUDGHWKH5RXWHU)LUPZDUHRQSDJH IRUPRUHLQIRUPDWLRQDERXWXSJUDGLQJILUPZDUH&OLFNWKHPHVVDJHZKHQLWVKRZVXSDQGFOLFN<HVWRXSJUDGHWKHURXWHUZLWKWKHODWHVWILUPZDUH$IWHUWKHXSJUDGHWKHURXWHUUHVWDUWV&$87,21'RQRWWU\WRJRRQOLQHWXUQRIIWKHURXWHUVKXWGRZQWKHFRPSXWHURUGRDQ\WKLQJHOVHWRWKHURXWHUXQWLOWKHURXWHUILQLVKHVUHVWDUWLQJDQGWKH3RZHU/('KDVVWRSSHGEOLQNLQJIRUVHYHUDOVHFRQGV5RXWHU'DVKERDUG%DVLF+RPH6FUHHQ7KHURXWHU%DVLF+RPHVFUHHQKDVDGDVKERDUGWKDWOHWV\RXVHHWKHVWDWXVRI\RXU,QWHUQHWFRQQHFWLRQDQGQHWZRUNDWDJODQFH<RXFDQFOLFNDQ\RIWKHVL[VHFWLRQVRIWKHGDVKERDUGWR
*HWWLQJ6WDUWHGZLWK1(7*($5JHQLH13HUVRQDO5RXWHU35YLHZPRUHGHWDLOHGLQIRUPDWLRQ7KHOHIWFROXPQKDVWKHPHQXV$WWKHWRSLVDQ$GYDQFHGWDEWKDWLVXVHGWRDFFHVVPRUHPHQXVDQGVFUHHQV/DQJXDJH'DVKERDUG&OLFNWRYLHZGHWDLOV0HQXV&OLFNWKH$GYDQFHGWDEWRYLHZPRUHSODFHKROGHU)LJXUH5RXWHU%DVLF+RPHVFUHHQZLWKGDVKERDUGODQJXDJHDQGRQOLQHKHOS+RPH7KLVGDVKERDUGVFUHHQGLVSOD\VZKHQ\RXORJLQWRWKHURXWHU,QWHUQHW6HWXSGDWHDQGFKHFNWKH,63VHWWLQJVRI\RXUURXWHU:LUHOHVV9LHZRUFKDQJHWKHZLUHOHVVVHWWLQJVIRU\RXUURXWHU$WWDFKHG'HYLFHV9LHZWKHGHYLFHVFRQQHFWHGWR\RXUQHWZRUN3DUHQWDO&RQWUROV'RZQORDGDQGVHWXSSDUHQWDOFRQWUROVWRSUHYHQWREMHFWLRQDEOHFRQWHQWIURPUHDFKLQJ\RXUFRPSXWHUV5HDG\6+$5(,I\RXFRQQHFWHGD86%VWRUDJHGHYLFHWRWKHURXWHULWLVGLVSOD\HGKHUH*XHVW1HWZRUN6HWXSDJXHVWQHWZRUNWRDOORZYLVLWRUVWRXVH\RXUURXWHU¶V,QWHUQHWFRQQHFWLRQ$GYDQFHGWDE6HWWKHURXWHUXSIRUXQLTXHVLWXDWLRQVVXFKDVZKHQUHPRWHDFFHVVE\,3RUE\GRPDLQQDPHIURPWKH,QWHUQHWLVQHHGHG6HH&KDSWHU$GYDQFHG6HWWLQJV8VLQJWKLVWDEUHTXLUHVDVROLGXQGHUVWDQGLQJRIQHWZRUNLQJFRQFHSWV+HOS6XSSRUW*RWRWKH1(7*($5VXSSRUWVLWHIRULQIRUPDWLRQKHOSDQGSURGXFWGRFXPHQWDWLRQ7KHVHOLQNVZRUNRQFH\RXKDYHDQ,QWHUQHWFRQQHFWLRQ$GG:LUHOHVV'HYLFHVRU&RPSXWHUVWR<RXU1HWZRUN&KRRVHHLWKHUWKHPDQXDORUWKH:36PHWKRGWRDGGZLUHOHVVGHYLFHVDQGRWKHUHTXLSPHQWWR\RXUZLUHOHVVQHWZRUN)RULQVWUXFWLRQVRQVHWWLQJXSDJXHVWQHWZRUN6HH*XHVW1HWZRUNVRQSDJH 
*HWWLQJ6WDUWHGZLWK1(7*($5JHQLH13HUVRQDO5RXWHU350DQXDO0HWKRG¾7RFRQQHFWPDQXDOO\ 2SHQWKHVRIWZDUHWKDWPDQDJHV\RXUZLUHOHVVFRQQHFWLRQVRQWKHZLUHOHVVGHYLFHODSWRSFRPSXWHUJDPLQJGHYLFHL3KRQHWKDW\RXZDQWWRFRQQHFWWR\RXUURXWHU7KHVRIWZDUHVFDQVIRUDOOZLUHOHVVQHWZRUNVLQ\RXUDUHD /RRNIRU\RXUQHWZRUNDQGVHOHFWLW,I\RXGLGQRWFKDQJHWKHQDPHRI\RXUQHWZRUNGXULQJWKHVHWXSSURFHVVORRNIRUWKHGHIDXOW:L)LQHWZRUNQDPH66,'DQGVHOHFWLW7KHGHIDXOW66,'LVRQWKHSURGXFWODEHORQWKHERWWRPRIWKHURXWHU (QWHUWKHURXWHUSDVVZRUGDQGFOLFN&RQQHFW7KHGHIDXOWURXWHUSDVVZRUGLVRQWKHSURGXFWODEHORQWKHERWWRPRIWKHURXWHU 5HSHDWVWHSV±WRDGGRWKHUZLUHOHVVGHYLFHV:L)L3URWHFWHG6HWXS:360HWKRG:L)L3URWHFWHG6HWXS:36LVDVWDQGDUGIRUHDVLO\DGGLQJFRPSXWHUVDQGRWKHUGHYLFHVWRDKRPHQHWZRUNZKLOHPDLQWDLQLQJVHFXULW\7RXVH:36PDNHVXUHWKDWDOOZLUHOHVVGHYLFHVWREHFRQQHFWHGWRWKHQHWZRUNDUH:L)LFHUWLILHGDQGVXSSRUW:36'XULQJWKHFRQQHFWLRQSURFHVVWKHFOLHQWJHWVWKHVHFXULW\VHWWLQJVIURPWKHURXWHUVRWKDWHYHU\GHYLFHLQWKHQHWZRUNKDVWKHVDPHVHFXULW\VHWWLQJV¾7RXVH:36WRMRLQWKHZLUHOHVVQHWZRUN,I\RXUZLUHOHVVGHYLFHVXSSRUWV:363XVK1&RQQHFWIROORZWKHVHVWHSV 3UHVVWKH:36EXWWRQRQWKHURXWHU XQWLOWKH/('VWDWXVFKDQJHV :LWKLQPLQXWHVSUHVVWKH:36EXWWRQRQ\RXUZLUHOHVVGHYLFHRUIROORZWKH:36LQVWUXFWLRQVWKDWFDPHZLWKWKHGHYLFH7KHGHYLFHLVQRZFRQQHFWHGWR\RXUURXWHU 5HSHDWVWHSV±WRDGGRWKHU:36ZLUHOHVVGHYLFHV
JHQLH%DVLF6HWWLQJV<RXU,QWHUQHWFRQQHFWLRQDQGQHWZRUN7KLVFKDSWHUH[SODLQVWKHIHDWXUHVDYDLODEOHIURPWKHJHQLH%DVLF+RPHVFUHHQVKRZQLQWKHIROORZLQJILJXUHSODFHKROGHU7KLVFKDSWHUFRQWDLQVWKHIROORZLQJVHFWLRQV,QWHUQHW6HWXS$WWDFKHG'HYLFHV3DUHQWDO&RQWUROV5HDG\6+$5(86%6WRUDJH%DVLF:LUHOHVV6HWWLQJV*XHVW1HWZRUNV
JHQLH%DVLF6HWWLQJV13HUVRQDO5RXWHU35,QWHUQHW6HWXS7KH,QWHUQHW6HWXSVFUHHQLVZKHUH\RXYLHZRUFKDQJH,63LQIRUPDWLRQ )URPWKH+RPHVFUHHQVHOHFW,QWHUQHW7KHIROORZLQJVFUHHQGLVSOD\V6FUROOWRYLHZPRUHSODFHKROGHU7KHILHOGVWKDWGLVSOD\LQWKH,QWHUQHW6HWXSVFUHHQGHSHQGRQZKHWKHU\RXU,QWHUQHWFRQQHFWLRQUHTXLUHVDORJLQ<HV6HOHFWWKHHQFDSVXODWLRQPHWKRGDQGHQWHUWKHORJLQQDPH,I\RXZDQWWRFKDQJHWKHORJLQWLPHRXWHQWHUDQHZYDOXHLQPLQXWHV1R(QWHUWKHDFFRXQWDQGGRPDLQQDPHVRQO\LIQHHGHG (QWHUWKHVHWWLQJVIRUWKH,3DGGUHVVDQG'16VHUYHU7KHGHIDXOWVHWWLQJVXVXDOO\ZRUNILQH,I\RXKDYHSUREOHPVZLWK\RXUFRQQHFWLRQFKHFNWKH,63VHWWLQJV &OLFN$SSO\WRVDYH\RXUVHWWLQJV &OLFN7HVWWRWHVW\RXU,QWHUQHWFRQQHFWLRQ,IWKH1(7*($5ZHEVLWHGRHVQRWGLVSOD\ZLWKLQPLQXWHVHH&KDSWHU7URXEOHVKRRWLQJ,QWHUQHW6HWXS6FUHHQ)LHOGV7KHIROORZLQJGHVFULSWLRQVH[SODLQDOORIWKHSRVVLEOHILHOGVLQWKH,QWHUQHW6HWXSVFUHHQ7KHILHOGVZKLFKGLVSOD\LQWKLVVFUHHQGHSHQGRQZKHWKHUDQ,63ORJLQLVUHTXLUHG'RHV<RXU,635HTXLUHD/RJLQ"$QVZHUHLWKHU\HVRUQR7KHVHILHOGVGLVSOD\ZKHQQRORJLQLVUHTXLUHG$FFRXQW1DPH,IUHTXLUHG(QWHUWKHDFFRXQWQDPHSURYLGHGE\\RXU,637KLVPLJKWDOVREHFDOOHGWKHKRVWQDPH'RPDLQ1DPH,IUHTXLUHG(QWHUWKHGRPDLQQDPHSURYLGHGE\\RXU,63
JHQLH%DVLF6HWWLQJV13HUVRQDO5RXWHU357KHVHILHOGVGLVSOD\ZKHQ\RXU,63UHTXLUHVDORJLQ,QWHUQHW6HUYLFH3URYLGHU(QFDSVXODWLRQ,63W\SHV7KHFKRLFHVDUH333R(3373RU/73/RJLQ7KHORJLQQDPHSURYLGHGE\\RXU,637KHORJLQQDPHLVXVXDOO\DQHPDLODGGUHVV3DVVZRUG7KHSDVVZRUGWKDW\RXXVHWRORJLQWR\RXU,636HUYLFH1DPH,I5HTXLUHG,I\RXU,63SURYLGHGDVHUYLFHQDPHHQWHULWKHUH2WKHUZLVH\RXFDQOHDYHWKLVILHOGEODQN&RQQHFWLRQ0RGH7KLVVSHFLILHVZKHQWKHURXWHUVKRXOGHVWDEOLVKWKH333R(FRQQHFWLRQ&XUUHQWO\WKHFRQQHFWLRQPRGHLVDOZD\VRQWRSURYLGHDVWHDG\,3YFRQQHFWLRQ7KHURXWHUQHYHUGLVFRQQHFWVWKHFRQQHFWLRQDQGLQFDVHWKHFRQQHFWLRQLVEURNHQVXFKDVLIWKHPRGHPLVWXUQHGRIIWKHURXWHUHVWDEOLVKHVWKHFRQQHFWLRQULJKWDIWHUWKH333R(FRQQHFWLRQLVDYDLODEOH,GOH7LPHRXW,QPLQXWHV,I\RXZDQWWRFKDQJHWKHORJLQWLPHRXWHQWHUDQHZYDOXHLQPLQXWHV7KLVYDOXHGHWHUPLQHVKRZORQJWKHURXWHUNHHSVWKH,QWHUQHWFRQQHFWLRQDFWLYHDIWHUWKHUHLVQR,QWHUQHWDFWLYLW\IURPWKH/$1(QWHULQJDYDOXHRI]HURPHDQVQHYHUORJRXW,QWHUQHW,3$GGUHVV*HW'\QDPLFDOO\IURP,63<RXU,63XVHV'+&3WRDVVLJQ\RXU,3DGGUHVV<RXU,63DXWRPDWLFDOO\DVVLJQVWKHVHDGGUHVVHV8VH6WDWLF,3$GGUHVV(QWHUWKH,3DGGUHVV,3VXEQHWPDVNDQGWKHJDWHZD\,3DGGUHVVWKDW\RXU,63DVVLJQHG7KHJDWHZD\LVWKH,63URXWHUWRZKLFK\RXUURXWHUFRQQHFWV'RPDLQ1DPH6HUYHU'16$GGUHVV7KH'16VHUYHULVXVHGWRORRNXSVLWHDGGUHVVHVEDVHGRQWKHLUQDPHV*HW$XWRPDWLFDOO\IURP,63<RXU,63XVHV'+&3WRDVVLJQ\RXU'16VHUYHUV<RXU,63DXWRPDWLFDOO\DVVLJQVWKLVDGGUHVV8VH7KHVH'166HUYHUV,I\RXNQRZWKDW\RXU,63GRHVQRWDXWRPDWLFDOO\WUDQVPLW'16DGGUHVVHVWRWKHURXWHUGXULQJORJLQVHOHFWWKLVRSWLRQDQGHQWHUWKH,3DGGUHVVRI\RXU,63SULPDU\'16VHUYHU,IDVHFRQGDU\'16VHUYHUDGGUHVVLVDYDLODEOHHQWHULWDOVR5RXWHU0$&$GGUHVV7KH(WKHUQHW0$&DGGUHVVXVHGE\WKHURXWHURQWKH,QWHUQHWSRUW6RPH,63VUHJLVWHUWKH0$&DGGUHVVRIWKHQHWZRUNLQWHUIDFHFDUGLQ\RXUFRPSXWHUZKHQ\RXUDFFRXQWLVILUVWRSHQHG7KH\DFFHSWWUDIILFRQO\IURPWKH0$&DGGUHVVRIWKDWFRPSXWHU7KLVIHDWXUHDOORZV\RXUURXWHUWRXVH\RXUFRPSXWHU¶V0$&DGGUHVVWKLVLVDOVRFDOOHGFORQLQJ8VH'HIDXOW$GGUHVV8VHWKHGHIDXOW0$&DGGUHVV8VH&RPSXWHU0$&$GGUHVV7KHURXWHUFDSWXUHVDQGXVHVWKH0$&DGGUHVVRIWKHFRPSXWHUWKDW\RXDUHQRZXVLQJ<RXKDYHWRXVHWKHRQHFRPSXWHUDOORZHGE\WKH,638VH7KLV0$&$GGUHVV(QWHUWKH0$&DGGUHVVWKDW\RXZDQWWRXVH
JHQLH%DVLF6HWWLQJV13HUVRQDO5RXWHU35$WWDFKHG'HYLFHV<RXFDQYLHZDOLVWRIDOOFRPSXWHUVRUGHYLFHVWKDWDUHFXUUHQWO\FRQQHFWHGWR\RXUQHWZRUNKHUH)URPWKH%DVLF+RPHVFUHHQVHOHFW$WWDFKHG'HYLFHVWRGLVSOD\WKHIROORZLQJVFUHHQSODFHKROGHU:LUHGGHYLFHVDUHFRQQHFWHGWRWKHURXWHUZLWK(WKHUQHWFDEOHV:LUHOHVVGHYLFHVKDYHMRLQHGWKHZLUHOHVVQHWZRUNQXPEHU7KHRUGHULQZKLFKWKHGHYLFHMRLQHGWKHQHWZRUN,3$GGUHVV7KH,3DGGUHVVWKDWWKHURXWHUDVVLJQHGWRWKLVGHYLFHZKHQLWMRLQHGWKHQHWZRUN7KLVQXPEHUFDQFKDQJHLIDGHYLFHLVGLVFRQQHFWHGDQGUHMRLQVWKHQHWZRUN'HYLFH1DPH,IWKHGHYLFHQDPHLVNQRZQLWLVVKRZQKHUH0$&$GGUHVV7KHXQLTXH0$&DGGUHVVIRUHDFKGHYLFHGRHVQRWFKDQJH7KH0$&DGGUHVVLVW\SLFDOO\VKRZQRQWKHSURGXFWODEHO<RXFDQFOLFN5HIUHVKWRXSGDWHWKLVVFUHHQ3DUHQWDO&RQWUROV7KHILUVWWLPH\RXVHOHFW3DUHQWDO&RQWUROVIURPWKH%DVLF+RPHVFUHHQ\RXUEURZVHUJRHVWRWKH3DUHQWDO&RQWUROVZHEVLWH<RXFDQOHDUQPRUHDERXW/LYH3DUHQWDO&RQWUROVRUGRZQORDGWKHDSSOLFDWLRQ
JHQLH%DVLF6HWWLQJV13HUVRQDO5RXWHU35¾7RVHWXS/LYH3DUHQWDO&RQWUROV 6HOHFW3DUHQWDO&RQWUROVRQWKH+RPHGDVKERDUGVFUHHQSODFHKROGHU/LYH3DUHQWDO&RQWUROVXVHVIUHH2SHQ'16DFFRXQWV,I\RXGRQRWKDYHRQH\RXFDQFUHDWHRQHQRZ /RJLQWRPDQDJH3DUHQWDO&RQWUROVVHWWLQJVSODFHKROGHU &OLFNHLWKHUWKH:LQGRZV8VHUVRU0DF8VHUVEXWWRQ )ROORZWKHRQVFUHHQLQVWUXFWLRQVWRGRZQORDGDQGLQVWDOOWKH1(7*($5/LYH3DUHQWDO&RQWUROV0DQDJHPHQWXWLOLW\
JHQLH%DVLF6HWWLQJV13HUVRQDO5RXWHU35$IWHULQVWDOODWLRQ/LYH3DUHQWDO&RQWUROVDXWRPDWLFDOO\VWDUWVSODFHKROGHU &OLFN1H[WUHDGWKHQRWHDQGFOLFN1H[WDJDLQWRSURFHHG<RXDUHSURPSWHGWRORJLQRUFUHDWHDIUHHDFFRXQWSODFHKROGHU 6HOHFWWKHUDGLREXWWRQWKDWDSSOLHVWR\RXDQGFOLFN1H[W,I\RXDOUHDG\KDYHDQ2SHQ'16DFFRXQWOHDYHWKH<HVUDGLREXWWRQVHOHFWHG,I\RXGRQRWKDYHDQ2SHQ'16DFFRXQWVHOHFWWKH1RUDGLREXWWRQ$IWHU\RXORJRQRUFUHDWH\RXUDFFRXQWWKHILOWHULQJOHYHOVFUHHQGLVSOD\VSODFHKROGHU
JHQLH%DVLF6HWWLQJV13HUVRQDO5RXWHU35 6HOHFWWKHUDGLREXWWRQIRUWKHILOWHULQJOHYHOWKDW\RXZDQWDQGFOLFN1H[WSODFHKROGHU &OLFNWKH7DNHPHWRWKHVWDWXVVFUHHQEXWWRQ3DUHQWDOFRQWUROVDUHQRZVHWXSIRUWKHURXWHU7KHGDVKERDUGVKRZV3DUHQWDO&RQWUROVDVHQDEOHG5HDG\6+$5(86%6WRUDJH<RXFDQYLHZLQIRUPDWLRQDERXWD86%VWRUDJHGHYLFHWKDWLVFRQQHFWHGWRWKHURXWHU¶V86%SRUWKHUH)URPWKH%DVLF+RPHVFUHHQVHOHFW5HDG\6+$5(WRGLVSOD\WKH86%6WRUDJH%DVLF6HWWLQJVVFUHHQSODFHKROGHU7KLVVFUHHQGLVSOD\VWKHIROORZLQJ1HWZRUN'HYLFH1DPH7KHQDPHXVHGWRDFFHVVWKH86%GHYLFHFRQQHFWHGWRWKHURXWHU7KHGHIDXOWLV??UHDG\VKDUH$YDLODEOH1HWZRUN)ROGHUV7KHIROGHUVRQWKH86%GHYLFH6KDUH1DPH,IRQO\RQHGHYLFHLVFRQQHFWHGWKHGHIDXOWVKDUHQDPHLV86%B6WRUDJH<RXFDQFOLFNWKHQDPHVKRZQRU\RXFDQW\SHLWLQWKHDGGUHVVILHOGRI\RXUZHEEURZVHU
JHQLH%DVLF6HWWLQJV13HUVRQDO5RXWHU35,I1RW6KDUHGLVVKRZQWKHGHIDXOWVKDUHZDVGHOHWHGDQGQRRWKHUVKDUHIRUWKHURRWIROGHUH[LVWV&OLFNWKHOLQNWRFKDQJHWKLVVHWWLQJ5HDG$FFHVVDQG:ULWH$FFHVV6KRZVWKHSHUPLVVLRQVDQGDFFHVVFRQWUROVRQWKHQHWZRUNIROGHU$OO±QRSDVVZRUGWKHGHIDXOWDOORZVDOOXVHUVWRDFFHVVWKHQHWZRUNIROGHU7KHXVHUQDPHDFFRXQWQDPHIRU$OO±QRSDVVZRUGLVJXHVW7KHSDVVZRUGIRUDGPLQLVWKHVDPHRQHWKDW\RXXVHWRORJLQWRWKHURXWHU%\GHIDXOWLWLVSDVVZRUG)ROGHU1DPH)XOOSDWKXVHGE\WKHQHWZRUNIROGHU9ROXPH1DPH9ROXPHQDPHIURPWKHVWRUDJHGHYLFHHLWKHU86%GULYHRU+''7RWDO6SDFHDQG)UHH6SDFH6KRZVWKHFXUUHQWXWLOL]DWLRQRIWKHVWRUDJHGHYLFH(GLW&OLFNWKH(GLWEXWWRQWRHGLWWKH$YDLODEOH1HWZRUN)ROGHUVVHWWLQJV6DIHO\5HPRYHD86%'HYLFH&OLFNWRVDIHO\UHPRYHWKH86%GHYLFHDWWDFKHGWR\RXUURXWHU<RXFDQFOLFN5HIUHVKWRXSGDWHWKLVVFUHHQ)RUPRUHLQIRUPDWLRQDERXW86%VWRUDJHVHH&KDSWHU86%6WRUDJH%DVLF:LUHOHVV6HWWLQJV7KH:LUHOHVV6HWXSVFUHHQOHWV\RXYLHZRUFRQILJXUHWKHZLUHOHVVQHWZRUNVHWXS7KH13HUVRQDO5RXWHUFRPHVZLWKSUHVHWVHFXULW\7KLVPHDQVWKDWWKH:L)LQHWZRUNQDPH66,'QHWZRUNNH\SDVVZRUGDQGVHFXULW\RSWLRQHQFU\SWLRQSURWRFRODUHSUHVHWLQWKHIDFWRU\<RXFDQILQGWKHSUHVHW66,'DQGSDVVZRUGRQWKHERWWRPRIWKHXQLW1RWH 7KHSUHVHW66,'DQGSDVVZRUGDUHXQLTXHO\JHQHUDWHGIRUHYHU\GHYLFHWRSURWHFWDQGPD[LPL]H\RXUZLUHOHVVVHFXULW\1(7*($5UHFRPPHQGVWKDW\RXGRQRWFKDQJH\RXUSUHVHWVHFXULW\VHWWLQJV,I\RXGRGHFLGHWRFKDQJH\RXUSUHVHWVHFXULW\VHWWLQJVPDNHDQRWHRIWKHQHZVHWWLQJVDQGVWRUHLWLQDVDIHSODFHZKHUH\RXFDQHDVLO\ILQGLW,I\RXXVHDZLUHOHVVFRPSXWHUWRFKDQJHWKHZLUHOHVVQHWZRUNQDPH66,'RURWKHUZLUHOHVVVHFXULW\VHWWLQJV\RXDUHGLVFRQQHFWHGZKHQ\RXFOLFN$SSO\7RDYRLGWKLVSUREOHPXVHDFRPSXWHUZLWKDZLUHGFRQQHFWLRQWRDFFHVVWKHURXWHU
JHQLH%DVLF6HWWLQJV13HUVRQDO5RXWHU35¾7RYLHZRUFKDQJHEDVLFZLUHOHVVVHWWLQJV 2QWKH%DVLF+RPHVFUHHQVHOHFW:LUHOHVVWRGLVSOD\WKH:LUHOHVV6HWXSVFUHHQ6FUROOWRYLHZPRUHSODFHKROGHU7KHVFUHHQVHFWLRQVVHWWLQJVDQGSURFHGXUHVDUHH[SODLQHGLQWKHIROORZLQJVHFWLRQV 0DNHDQ\FKDQJHVWKDWDUHQHHGHGDQGFOLFN$SSO\WRVDYH\RXUVHWWLQJV 6HWXSDQGWHVW\RXUZLUHOHVVGHYLFHVDQGFRPSXWHUVWRPDNHVXUHWKDWWKH\FDQFRQQHFWZLUHOHVVO\,IWKH\GRQRWFKHFNWKHIROORZLQJ,V\RXUZLUHOHVVGHYLFHRUFRPSXWHUFRQQHFWHGWR\RXUQHWZRUNRUDQRWKHUZLUHOHVVQHWZRUNLQ\RXUDUHD"6RPHZLUHOHVVGHYLFHVDXWRPDWLFDOO\FRQQHFWWRWKHILUVWRSHQQHWZRUNZLWKRXWZLUHOHVVVHFXULW\WKDWWKH\GLVFRYHU'RHV\RXUZLUHOHVVGHYLFHRUFRPSXWHUVKRZXSRQWKH$WWDFKHG'HYLFHVVFUHHQ",ILWGRHVLWLVFRQQHFWHGWRWKHQHWZRUN,I\RXDUHQRWVXUHZKDWWKH66,'RUSDVVZRUGLVORRNRQWKHODEHORQWKHERWWRPRI\RXUURXWHU:LUHOHVV6HWXS6FUHHQ)LHOGV5HJLRQ7KHORFDWLRQZKHUHWKHURXWHULVXVHG6HOHFWIURPWKHFRXQWULHVLQWKHOLVW,QWKH8QLWHG6WDWHVWKHUHJLRQLVIL[HGWR8QLWHG6WDWHVDQGLVQRWFKDQJHDEOH:LUHOHVV1HWZRUN1RWH 7KHVHVHWWLQJVDSSO\VHSDUDWHO\WRWKH*+]EJQDQG*+]DQEDQGV(QDEOH:LUHOHVV,VRODWLRQ,IWKLVFKHFNER[LVVHOHFWHGZLUHOHVVFOLHQWVFRPSXWHUVRUZLUHOHVVGHYLFHVWKDWMRLQWKHQHWZRUNFDQXVHWKH,QWHUQHWEXWFDQQRWDFFHVVHDFKRWKHURUDFFHVV(WKHUQHWGHYLFHVRQWKHQHWZRUN
JHQLH%DVLF6HWWLQJV13HUVRQDO5RXWHU35(QDEOH66,'%URDGFDVW7KLVIHDWXUHDOORZVWKHURXWHUWREURDGFDVWLWV66,'VRZLUHOHVVVWDWLRQVFDQVHHWKLVZLUHOHVVQDPH66,'LQWKHLUVFDQQHGQHWZRUNOLVWV7KLVFKHFNER[LVVHOHFWHGE\GHIDXOW7RWXUQRIIWKH66,'EURDGFDVWFOHDUWKHFKHFNER[DQGFOLFN$SSO\1DPH66,'7KH66,'LVDOVRNQRZQDVWKHZLUHOHVVQHWZRUNQDPH(QWHUDFKDUDFWHUPD[LPXPQDPHLQWKLVILHOG7KLVILHOGLVFDVHVHQVLWLYH7KHGHIDXOW66,'LVUDQGRPO\JHQHUDWHGDQG1(7*($5VWURQJO\UHFRPPHQGVWKDW\RXGRQRWFKDQJHWKLV&KDQQHO7KLVVHWWLQJLVWKHZLUHOHVVFKDQQHOXVHGE\WKHJDWHZD\(QWHUDYDOXHIURPWKURXJK)RUSURGXFWVLQWKH1RUWK$PHULFDPDUNHWRQO\&KDQQHOVWKURXJKFDQEHRSHUDWHG'RQRWFKDQJHWKHFKDQQHOXQOHVV\RXH[SHULHQFHLQWHUIHUHQFHVKRZQE\ORVWFRQQHFWLRQVRUVORZGDWDWUDQVIHUV,IWKLVKDSSHQVH[SHULPHQWZLWKGLIIHUHQWFKDQQHOVWRVHHZKLFKLVWKHEHVW0RGH8SWR0ESVLVWKHGHIDXOWDQGDOORZVQDQGJZLUHOHVVGHYLFHVWRMRLQWKHQHWZRUNJEVXSSRUWVXSWR0ESV7KH0ESVVHWWLQJDOORZVQGHYLFHVWRFRQQHFWDWWKLVVSHHG6HFXULW\2SWLRQV6HWWLQJV1RWH 7KHVHVHWWLQJVDSSO\VHSDUDWHO\WRWKH*+]EJQDQG*+]DQEDQGV7KH6HFXULW\2SWLRQVVHFWLRQRIWKH:LUHOHVV6HWXSVFUHHQOHWV\RXFKDQJHWKHVHFXULW\RSWLRQDQGSDVVZRUG1(7*($5UHFRPPHQGVWKDW\RXQRWFKDQJHWKHVHFXULW\RSWLRQRUSDVVZRUGEXWLI\RXZDQWWRFKDQJHWKHVHVHWWLQJVWKLVVHFWLRQH[SODLQVKRZ'RQRWGLVDEOHVHFXULW\&KDQJH:3$6HFXULW\2SWLRQDQG3DVVZRUG1RWH 7KHVHVHWWLQJVDSSO\VHSDUDWHO\WRWKH*+]EJQDQG*+]DQEDQGV 8QGHU6HFXULW\2SWLRQVVHOHFWWKH:3$RSWLRQ\RXZDQWSODFHKROGHU
JHQLH%DVLF6HWWLQJV13HUVRQDO5RXWHU35 ,QWKHSDVVZRUGILHOGWKDWGLVSOD\VZKHQ\RXVHOHFWD:3$VHFXULW\RSWLRQHQWHUWKHQHWZRUNNH\SDVVZRUGWKDW\RXZDQWWRXVH,WLVDWH[WVWULQJIURPWRFKDUDFWHUV*XHVW1HWZRUNV$GGLQJDJXHVWQHWZRUNDOORZVYLVLWRUVDW\RXUKRPHWRXVHWKH,QWHUQHWZLWKRXWXVLQJ\RXUZLUHOHVVVHFXULW\NH\<RXFDQDGGDJXHVWQHWZRUNWRHDFKZLUHOHVVQHWZRUN*+]EJQDQG*+]DQ¾7RVHWXSDJXHVWQHWZRUN 6HOHFW%DVLF!*XHVW1HWZRUNWRGLVSOD\WKHIROORZLQJVFUHHQ6FUROOWRYLHZPRUHVHWWLQJVSODFHKROGHU6FUROOWRYLHZPRUHVHWWLQJVSODFHKROGHU 6HOHFWDQ\RIWKHIROORZLQJZLUHOHVVVHWWLQJV
JHQLH%DVLF6HWWLQJV13HUVRQDO5RXWHU351RWH 7KHVHVHWWLQJVDSSO\VHSDUDWHO\WRWKH*+]EJQDQG*+]DQEDQGV(QDEOH*XHVW1HWZRUN:KHQWKLVFKHFNER[LVVHOHFWHGWKHJXHVWQHWZRUNLVHQDEOHGDQGJXHVWVFDQFRQQHFWWR\RXUQHWZRUNXVLQJWKH66,'RIWKLVSURILOH(QDEOH:LUHOHVV,VRODWLRQ,IWKLVFKHFNER[LVVHOHFWHGZLUHOHVVFOLHQWVFRPSXWHUVRUZLUHOHVVGHYLFHVWKDWMRLQWKHQHWZRUNFDQXVHWKH,QWHUQHWEXWFDQQRWDFFHVVHDFKRWKHURUDFFHVV(WKHUQHWGHYLFHVRQWKHQHWZRUN(QDEOH66,'%URDGFDVW,IWKLVFKHFNER[LVVHOHFWHGWKHZLUHOHVVDFFHVVSRLQWEURDGFDVWVLWVQDPH66,'WRDOOZLUHOHVVVWDWLRQV6WDWLRQVZLWKQR66,'FDQDGRSWWKHFRUUHFW66,'IRUFRQQHFWLRQVWRWKLVDFFHVVSRLQW$OORZJXHVWWRDFFHVV0\/RFDO1HWZRUN,IWKLVFKHFNER[LVVHOHFWHGDQ\XVHUZKRFRQQHFWVWRWKLV66,'KDVDFFHVVWR\RXUORFDOQHWZRUNQRWMXVW,QWHUQHWDFFHVV *LYHWKHJXHVWQHWZRUNDQDPH7KHJXHVWQHWZRUNQDPHLVFDVHVHQVLWLYHDQGFDQEHXSWRFKDUDFWHUV<RXWKHQPDQXDOO\FRQILJXUHWKHZLUHOHVVGHYLFHVLQ\RXUQHWZRUNWRXVHWKHJXHVWQHWZRUNQDPHLQDGGLWLRQWRWKHPDLQQRQJXHVW66,' 6HOHFWDVHFXULW\RSWLRQIURPWKHOLVW7KHVHFXULW\RSWLRQVDUHGHVFULEHGLQ*XHVW1HWZRUN:LUHOHVV6HFXULW\2SWLRQVRQSDJH &OLFN$SSO\WRVDYH\RXUVHOHFWLRQV*XHVW1HWZRUN:LUHOHVV6HFXULW\2SWLRQV$VHFXULW\RSWLRQLVWKHW\SHRIVHFXULW\SURWRFRODSSOLHGWR\RXUZLUHOHVVQHWZRUN7KHVHFXULW\SURWRFROLQIRUFHHQFU\SWVGDWDWUDQVPLVVLRQVDQGHQVXUHVWKDWRQO\WUXVWHGGHYLFHVUHFHLYHDXWKRUL]DWLRQWRFRQQHFWWR\RXUQHWZRUN7KLVVHFWLRQSUHVHQWVDQRYHUYLHZRIWKHVHFXULW\RSWLRQVDQGSURYLGHVJXLGDQFHRQZKHQWRXVHZKLFKRSWLRQ$OWKRXJKLWLVSRVVLEOHWRVHWXSDJXHVWQHWZRUNZLWKRXWZLUHOHVVVHFXULW\1(7*($5GRHVQRWUHFRPPHQGLW:L)L3URWHFWHG$FFHVV:3$HQFU\SWLRQLVEXLOWLQWRDOOKDUGZDUHWKDWKDVWKH:L)LFHUWLILHGVHDO7KLVVHDOPHDQVWKDWWKHSURGXFWLVDXWKRUL]HGE\WKH:L)L$OOLDQFHKWWSZZZZLILRUJEHFDXVHLWFRPSOLHVZLWKWKHZRUOGZLGHVLQJOHVWDQGDUGIRUKLJKVSHHGZLUHOHVVORFDODUHDQHWZRUNLQJ:3$36.XVHVDSDVVZRUGWRSHUIRUPDXWKHQWLFDWLRQDQGJHQHUDWHWKHLQLWLDOGDWDHQFU\SWLRQNH\V7KHQLWG\QDPLFDOO\YDULHVWKHHQFU\SWLRQNH\:3$36.XVHV7HPSRUDO.H\,QWHJULW\3URWRFRO7.,3GDWDHQFU\SWLRQLPSOHPHQWVPRVWRIWKH,(((LVWDQGDUGDQGLVGHVLJQHGWRZRUNZLWKDOOZLUHOHVVQHWZRUNLQWHUIDFHFDUGVEXWQRWDOOZLUHOHVVDFFHVVSRLQWV,WLVVXSHUVHGHGE\:3$36.
JHQLH%DVLF6HWWLQJV13HUVRQDO5RXWHU35:3$36.LVVWURQJHUWKDQ:3$,WLVDGYHUWLVHGWREHWKHRUHWLFDOO\LQGHFLSKHUDEOHGXHWRWKHJUHDWHUGHJUHHRIUDQGRPQHVVLQHQFU\SWLRQNH\VWKDWLWJHQHUDWHV:3$36.JHWVKLJKHUVSHHGEHFDXVHLWLVLPSOHPHQWHGWKURXJKKDUGZDUHZKLOH:3$36.LVLPSOHPHQWHGWKURXJKVRIWZDUH:3$36.XVHVDSDVVZRUGWRDXWKHQWLFDWHDQGJHQHUDWHWKHLQLWLDOGDWDHQFU\SWLRQNH\V7KHQLWG\QDPLFDOO\YDULHVWKHHQFU\SWLRQNH\:3636.:3$36.0L[HG0RGHFDQSURYLGHEURDGHUVXSSRUWIRUDOOZLUHOHVVFOLHQWV:3$36.FOLHQWVJHWKLJKHUVSHHGDQGVHFXULW\DQG:3$36.FOLHQWVJHWGHFHQWVSHHGDQGVHFXULW\7KHSURGXFWGRFXPHQWDWLRQIRU\RXUZLUHOHVVDGDSWHUDQG:3$FOLHQWVRIWZDUHVKRXOGKDYHLQVWUXFWLRQVDERXWFRQILJXULQJWKHLU:3$VHWWLQJV
JHQLH$GYDQFHG+RPH6SHFLI\LQJFXVWRPVHWWLQJV7KLVFKDSWHUH[SODLQVWKHIHDWXUHVDYDLODEOHIURPWKHJHQLH$GYDQFHG+RPHVFUHHQVKRZQLQWKHIROORZLQJILJXUH7KLVVFUHHQLVDOVRGLVSOD\HGWKURXJKWKH$GPLQLVWUDWLRQPHQXSODFHKROGHU7KLVFKDSWHUFRQWDLQVWKHIROORZLQJVHFWLRQV6HWXS:L]DUG:36:L]DUG6HWXS0HQX:$16HWXS/$16HWXS4XDOLW\RI6HUYLFH4R66HWXS6RPHVHOHFWLRQVRQWKH$GYDQFHG+RPHVFUHHQDUHGHVFULEHGLQVHSDUDWHFKDSWHUV86%6WRUDJH6HH&KDSWHU86%6WRUDJH6HFXULW\6HH&KDSWHU6HFXULW\$GPLQLVWUDWLRQ6HH&KDSWHU$GPLQLVWUDWLRQ$GYDQFHG6HWXS6HH&KDSWHU$GYDQFHG6HWWLQJV
JHQLH$GYDQFHG+RPH13HUVRQDO5RXWHU356HWXS:L]DUG7KH1(7*($5JHQLHLQVWDOODWLRQSURFHVVLVODXQFKHGWKHILUVWWLPH\RXVHWXSWKHURXWHU$IWHUVHWWLQJXSWKHURXWHUWKHILUVWWLPHLI\RXZDQWWRSHUIRUPWKLVWDVNDJDLQ\RXFDQUXQ6HWXS:L]DUGIURPWKH$GYDQFHGWDERI1(7*($5JHQLH 6HOHFW6HWXS:L]DUGWRGLVSOD\WKHIROORZLQJVFUHHQSODFHKROGHU 6HOHFWHLWKHU<HVRU1R,ZDQWWRFRQILJXUHWKHURXWHUP\VHOI,I\RXVHOHFW1R\RXDUHWDNHQWRWKH,QWHUQHW6HWXSVFUHHQVHH,QWHUQHW6HWXSRQSDJH ,I\RXVHOHFWHG<HVFOLFN1H[W7KHIROORZLQJVFUHHQGLVSOD\VSODFHKROGHU7KH6HWXS:L]DUGVHDUFKHV\RXU,QWHUQHWFRQQHFWLRQIRUVHUYHUVDQGSURWRFROVWRGHWHUPLQH\RXU,63FRQILJXUDWLRQ7KHIROORZLQJVFUHHQGLVSOD\VSODFHKROGHU
JHQLH$GYDQFHG+RPH13HUVRQDO5RXWHU35:36:L]DUG7KH:36:L]DUGKHOSV\RXDGGD:36FDSDEOHFOLHQWGHYLFHDZLUHOHVVGHYLFHRUFRPSXWHUWR\RXUQHWZRUN2QWKHFOLHQWGHYLFH\RXQHHGWRHLWKHUSUHVVLWV:36EXWWRQRUORFDWHLWV:363,1¾7RXVHWKH:36:L]DUG 6HOHFW$GYDQFHG!:36:L]DUG &OLFN1H[W7KHIROORZLQJVFUHHQOHWV\RXVHOHFWWKHPHWKRGIRUDGGLQJWKH:36FOLHQWDZLUHOHVVGHYLFHRUFRPSXWHUSODFHKROGHU<RXFDQXVHHLWKHUWKHSXVKEXWWRQRU3,1PHWKRG 6HOHFWHLWKHU3XVK%XWWRQRU3,11XPEHU7RXVHWKHSXVKEXWWRQPHWKRGHLWKHUFOLFNWKH:36EXWWRQRQWKLVVFUHHQRUSUHVVWKH:36EXWWRQRQWKHVLGHRIWKHURXWHUXQWLOWKH/('VWDWXVFKDQJHV:LWKLQPLQXWHVJRWRWKHZLUHOHVVFOLHQWDQGSUHVVLWV:36EXWWRQWRMRLQWKHQHWZRUNZLWKRXWHQWHULQJDSDVVZRUG7RXVHWKH3,1PHWKRGVHOHFWWKH3,11XPEHUUDGLREXWWRQHQWHUWKHFOLHQWVHFXULW\3,1DQGFOLFN1H[WSODFHKROGHU
JHQLH$GYDQFHG+RPH13HUVRQDO5RXWHU35:LWKLQPLQXWHVJRWRWKHFOLHQWGHYLFHDQGXVHLWV:36VRIWZDUHWRMRLQWKHQHWZRUNZLWKRXWHQWHULQJDSDVVZRUG7KHURXWHUDWWHPSWVWRDGGWKH:36FDSDEOHGHYLFH7KH:36/(' RQWKHURXWHUEOLQNVJUHHQ:KHQWKHURXWHUHVWDEOLVKHVD:36FRQQHFWLRQWKH/('LVVROLGJUHHQDQGWKHURXWHU:36VFUHHQGLVSOD\VDFRQILUPDWLRQPHVVDJH 5HSHDW6WHSDQG6WHSWRDGGDQRWKHU:36FOLHQWWR\RXUQHWZRUN6HWXS0HQX6HOHFW$GYDQFHG!6HWXSWRGLVSOD\WKH6HWXSPHQX7KHIROORZLQJVHOHFWLRQVDUHDYDLODEOH,QWHUQHW6HWXS7KLVLVDVKRUWFXWWRWKHVDPH,QWHUQHW6HWXSVFUHHQWKDW\RXFDQDFFHVVIURPWKHGDVKERDUGRQWKH%DVLF+RPHVFUHHQ6HH,QWHUQHW6HWXSRQSDJH:LUHOHVV6HWXS7KLVLVDVKRUWFXWWRWKHVDPH:LUHOHVV6HWXSVFUHHQWKDW\RXFDQDFFHVVIURPWKHGDVKERDUGRQWKH%DVLF+RPHVFUHHQ6HH%DVLF:LUHOHVV6HWWLQJVRQSDJH:$16HWXS,QWHUQHW:$1VHWXS6HH:$16HWXSRQSDJH /$16HWXS/RFDODUHDQHWZRUN/$1VHWXS6HH/$16HWXSRQSDJH 4R66HWXS4XDOLW\RI6HUYLFH4R6VHWXS6HH4XDOLW\RI6HUYLFH4R66HWXSRQSDJH *XHVW1HWZRUN7KLVLVDVKRUWFXWWRWKHVDPH*XHVW1HWZRUNVFUHHQWKDW\RXFDQDFFHVVIURPWKHGDVKERDUGRQWKH%DVLF+RPHVFUHHQ6HH*XHVW1HWZRUNVRQSDJH 
JHQLH$GYDQFHG+RPH13HUVRQDO5RXWHU35:$16HWXS7KH:$16HWXSVFUHHQOHWV\RXFRQILJXUHD'0=GHPLOLWDUL]HG]RQHVHUYHUFKDQJHWKHPD[LPXPWUDQVPLWXQLW078VL]HDQGHQDEOHWKHURXWHUWRUHVSRQGWRDSLQJRQWKH:$1,QWHUQHWSRUW6HOHFW$GYDQFHG!6HWXS!:$16HWXSWRYLHZWKHIROORZLQJVFUHHQSODFHKROGHU'LVDEOH3RUW6FDQDQG'R63URWHFWLRQ'R6SURWHFWLRQSURWHFWV\RXU/$1DJDLQVWGHQLDORIVHUYLFHDWWDFNVVXFKDV6\QIORRG6PXUI$WWDFN3LQJRI'HDWK7HDUGURS$WWDFN8'3)ORRG$53$WWDFN6SRRILQJ,&031XOO6FDQDQGPDQ\RWKHUV7KLVVKRXOGEHGLVDEOHGRQO\LQVSHFLDOFLUFXPVWDQFHV'HIDXOW'0=6HUYHU7KLVIHDWXUHLVVRPHWLPHVKHOSIXOZKHQ\RXDUHSOD\LQJRQOLQHJDPHVRUYLGHRFRQIHUHQFLQJ%HFDUHIXOZKHQXVLQJWKLVIHDWXUHEHFDXVHLWPDNHVWKHILUHZDOOVHFXULW\OHVVHIIHFWLYH6HHWKHIROORZLQJVHFWLRQ'HIDXOW'0=6HUYHUIRUPRUHGHWDLOV5HVSRQGWR3LQJRQ,QWHUQHW3RUW,I\RXZDQWWKHURXWHUWRUHVSRQGWRDSLQJIURPWKH,QWHUQHWVHOHFWWKLVFKHFNER[8VHWKLVRQO\DVDGLDJQRVWLFWRROEHFDXVHLWDOORZV\RXUURXWHUWREHGLVFRYHUHG'RQRWVHOHFWWKLVFKHFNER[XQOHVV\RXKDYHDVSHFLILFUHDVRQ'LVDEOH,*033UR[\LQJ,*03SUR[\LQJDOORZVDFRPSXWHURQWKHORFDODUHDQHWZRUN/$1WRUHFHLYHWKHPXOWLFDVWWUDIILFLWLVLQWHUHVWHGLQIURPWKH,QWHUQHW,I\RXGRQRWQHHGWKLVIHDWXUH\RXFDQVHOHFWWKLVFKHFNER[WRGLVDEOHLW0786L]HLQE\WHV7KHQRUPDO078PD[LPXPWUDQVPLWXQLWYDOXHIRUPRVW(WKHUQHWQHWZRUNVLVE\WHVRUE\WHVIRU333R(FRQQHFWLRQV)RUVRPH,63V\RXPLJKWQHHGWRUHGXFHWKH0787KLVLVUDUHO\UHTXLUHGDQGVKRXOGQRWEHGRQHXQOHVV\RXDUHVXUHWKDWLWLVQHFHVVDU\IRU\RXU,63FRQQHFWLRQ6HH&KDQJHWKH0786L]HRQSDJH1$7)LOWHULQJ1HWZRUN$GGUHVV7UDQVODWLRQ1$7GHWHUPLQHVKRZWKHURXWHUSURFHVVHVLQERXQGWUDIILF6HFXUHG1$7SURYLGHVDVHFXUHGILUHZDOOWRSURWHFWWKHFRPSXWHUVRQWKH/$1IURPDWWDFNVIURPWKH,QWHUQHWEXWPLJKWSUHYHQWVRPH,QWHUQHWJDPHVSRLQWWRSRLQWDSSOLFDWLRQVRUPXOWLPHGLDDSSOLFDWLRQVIURPIXQFWLRQLQJ2SHQ1$7SURYLGHVDPXFKOHVVVHFXUHGILUHZDOOEXWDOORZVDOPRVWDOO,QWHUQHWDSSOLFDWLRQVWRIXQFWLRQ
JHQLH$GYDQFHG+RPH13HUVRQDO5RXWHU35'HIDXOW'0=6HUYHUH77KHGHIDXOW'0=VHUYHUIHDWXUHLVKHOSIXOZKHQ\RXDUHXVLQJVRPHRQOLQHJDPHVDQGYLGHRFRQIHUHQFLQJDSSOLFDWLRQVWKDWDUHLQFRPSDWLEOHZLWK1HWZRUN$GGUHVV7UDQVODWLRQ1$77KHURXWHULVSURJUDPPHGWRUHFRJQL]HVRPHRIWKHVHDSSOLFDWLRQVDQGWRZRUNFRUUHFWO\ZLWKWKHPEXWRWKHUDSSOLFDWLRQVPLJKWQRWIXQFWLRQZHOO,QVRPHFDVHVRQHORFDOFRPSXWHUFDQUXQWKHDSSOLFDWLRQFRUUHFWO\LIWKDWFRPSXWHU¶V,3DGGUHVVLVHQWHUHGDVWKHGHIDXOW'0=VHUYHU:$51,1*'0=VHUYHUVSRVHDVHFXULW\ULVN$FRPSXWHUGHVLJQDWHGDVWKHGHIDXOW'0=VHUYHUORVHVPXFKRIWKHSURWHFWLRQRIWKHILUHZDOODQGLVH[SRVHGWRH[SORLWVIURPWKH,QWHUQHW,IFRPSURPLVHGWKH'0=VHUYHUFRPSXWHUFDQEHXVHGWRDWWDFNRWKHUFRPSXWHUVRQ\RXUQHWZRUN,QFRPLQJWUDIILFIURPWKH,QWHUQHWLVGLVFDUGHGE\WKHURXWHUXQOHVVWKHWUDIILFLVDUHVSRQVHWRRQHRI\RXUORFDOFRPSXWHUVRUDVHUYLFHWKDW\RXKDYHFRQILJXUHGLQWKH3RUW)RUZDUGLQJ3RUW7ULJJHULQJVFUHHQ,QVWHDGRIGLVFDUGLQJWKLVWUDIILF\RXFDQIRUZDUGLWWRRQHFRPSXWHURQ\RXUQHWZRUN7KLVFRPSXWHULVFDOOHGWKHGHIDXOW'0=VHUYHU¾7RVHWXSDGHIDXOW'0=VHUYHU 2QWKH:$16HWXSVFUHHQVHOHFWWKH'HIDXOW'0=6HUYHUFKHFNER[ 7\SHWKH,3DGGUHVV &OLFN$SSO\&KDQJHWKH0786L]H7KHPD[LPXPWUDQVPLVVLRQXQLW078LVWKHODUJHVWGDWDSDFNHWDQHWZRUNGHYLFHWUDQVPLWV:KHQRQHQHWZRUNGHYLFHFRPPXQLFDWHVDFURVVWKH,QWHUQHWZLWKDQRWKHUWKHGDWDSDFNHWVWUDYHOWKURXJKPDQ\GHYLFHVDORQJWKHZD\,IDQ\GHYLFHLQWKHGDWDSDWKKDVDORZHU078VHWWLQJWKDQWKHRWKHUGHYLFHVWKHGDWDSDFNHWVKDYHWREHVSOLWRU³IUDJPHQWHG´WRDFFRPPRGDWHWKHGHYLFHZLWKWKHVPDOOHVW0787KHEHVW078VHWWLQJIRU1(7*($5HTXLSPHQWLVRIWHQMXVWWKHGHIDXOWYDOXHDQGFKDQJLQJWKHYDOXHPLJKWIL[RQHSUREOHPEXWFDXVHDQRWKHU/HDYHWKH078XQFKDQJHGXQOHVVRQHRIWKHVHVLWXDWLRQVRFFXUV<RXKDYHSUREOHPVFRQQHFWLQJWR\RXU,63RURWKHU,QWHUQHWVHUYLFHDQGWKHWHFKQLFDOVXSSRUWRIHLWKHUWKH,63RU1(7*($5UHFRPPHQGVFKDQJLQJWKH078VHWWLQJ7KHVHZHEEDVHGDSSOLFDWLRQVPLJKWUHTXLUHDQ078FKDQJH$VHFXUHZHEVLWHWKDWGRHVQRWRSHQRUGLVSOD\VRQO\SDUWRIDZHESDJH<DKRRHPDLO061SRUWDO$PHULFD2QOLQH¶V'6/VHUYLFH
JHQLH$GYDQFHG+RPH13HUVRQDO5RXWHU35<RXXVH931DQGKDYHVHYHUHSHUIRUPDQFHSUREOHPV<RXXVHGDSURJUDPWRRSWLPL]H078IRUSHUIRUPDQFHUHDVRQVDQGQRZ\RXKDYHFRQQHFWLYLW\RUSHUIRUPDQFHSUREOHPV1RWH $QLQFRUUHFW078VHWWLQJFDQFDXVH,QWHUQHWFRPPXQLFDWLRQSUREOHPVVXFKDVWKHLQDELOLW\WRDFFHVVFHUWDLQZHEVLWHVIUDPHVZLWKLQZHEVLWHVVHFXUHORJLQSDJHVRU)73RU323VHUYHUV,I\RXVXVSHFWDQ078SUREOHPDFRPPRQVROXWLRQLVWRFKDQJHWKH078WR,I\RXDUHZLOOLQJWRH[SHULPHQW\RXFDQJUDGXDOO\UHGXFHWKH078IURPWKHPD[LPXPYDOXHRIXQWLOWKHSUREOHPJRHVDZD\7KHIROORZLQJWDEOHGHVFULEHVFRPPRQ078VL]HVDQGDSSOLFDWLRQV7DEOH&RPPRQ078VL]HV078 $SSOLFDWLRQ 7KHODUJHVW(WKHUQHWSDFNHWVL]HDQGWKHGHIDXOWYDOXH7KLVLVWKHW\SLFDOVHWWLQJIRUQRQ333R(QRQ931FRQQHFWLRQVDQGLVWKHGHIDXOWYDOXHIRU1(7*($5URXWHUVDGDSWHUVDQGVZLWFKHV 8VHGLQ333R(HQYLURQPHQWV 0D[LPXPVL]HWRXVHIRUSLQJLQJ/DUJHUSDFNHWVDUHIUDJPHQWHG 8VHGLQVRPH'+&3HQYLURQPHQWV 8VDEOHE\$2/LI\RXGRQRWKDYHODUJHHPDLODWWDFKPHQWVIRUH[DPSOH 8VHGLQ3373HQYLURQPHQWVRUZLWK931 0D[LPXPVL]HIRU$2/'6/ 7\SLFDOYDOXHWRFRQQHFWWRGLDOXS,63V¾7RFKDQJHWKH078VL]H 6HOHFW$GYDQFHG!6HWXS!:$16HWXS ,QWKH0786L]HILHOGHQWHUDQHZVL]HEHWZHHQDQG &OLFN$SSO\WRVDYHWKHVHWWLQJV
JHQLH$GYDQFHG+RPH13HUVRQDO5RXWHU35/$16HWXS7KH/$16HWXSVFUHHQDOORZVFRQILJXUDWLRQRI/$1,3VHUYLFHVVXFKDV'\QDPLF+RVW&RQILJXUDWLRQ3URWRFRO'+&3DQG5RXWLQJ,QIRUPDWLRQ3URWRFRO5,37KHURXWHULVVKLSSHGSUHFRQILJXUHGWRXVHSULYDWH,3DGGUHVVHVRQWKH/$1VLGHDQGWRDFWDVD'+&3VHUYHU7KHURXWHU¶VGHIDXOW/$1,3FRQILJXUDWLRQLV/$1,3DGGUHVV6XEQHWPDVN7KHVHDGGUHVVHVDUHSDUWRIWKHGHVLJQDWHGSULYDWHDGGUHVVUDQJHIRUXVHLQSULYDWHQHWZRUNVDQGVKRXOGEHVXLWDEOHIRUPRVWDSSOLFDWLRQV,I\RXUQHWZRUNUHTXLUHVDGLIIHUHQW,3DGGUHVVLQJVFKHPH\RXFDQPDNHWKHFKDQJHVLQWKH/$16HWXSVFUHHQ¾7RFKDQJHWKH/$1VHWWLQJV1RWH ,I\RXFKDQJHWKH/$1,3DGGUHVVRIWKHURXWHUZKLOHFRQQHFWHGWKURXJKWKHEURZVHU\RXZLOOEHGLVFRQQHFWHG2SHQDQHZFRQQHFWLRQWRWKHQHZ,3DGGUHVVDQGORJLQDJDLQ 6HOHFW$GYDQFHG!6HWXS!/$16HWXSWRGLVSOD\WKHIROORZLQJVFUHHQSODFHKROGHU (QWHUWKHVHWWLQJVWKDW\RXZDQWWRFXVWRPL]H7KHVHVHWWLQJVDUHGHVFULEHGLQWKHIROORZLQJVHFWLRQ/$16HWXS6FUHHQ6HWWLQJV &OLFN$SSO\WRVDYH\RXUFKDQJHV
JHQLH$GYDQFHG+RPH13HUVRQDO5RXWHU35/$16HWXS6FUHHQ6HWWLQJV/$17&3,36HWXS,3$GGUHVV7KH/$1,3DGGUHVVRIWKHURXWHU,36XEQHW0DVN7KH/$1VXEQHWPDVNRIWKHURXWHU&RPELQHGZLWKWKH,3DGGUHVVWKH,3VXEQHWPDVNDOORZVDGHYLFHWRNQRZZKLFKRWKHUDGGUHVVHVDUHORFDOWRLWDQGZKLFKKDYHWREHUHDFKHGWKURXJKDJDWHZD\RUURXWHU5,3'LUHFWLRQ5RXWHU,QIRUPDWLRQ3URWRFRO5,3DOORZVDURXWHUWRH[FKDQJHURXWLQJLQIRUPDWLRQZLWKRWKHUURXWHUV7KLVVHWWLQJFRQWUROVKRZWKHURXWHUVHQGVDQGUHFHLYHV5,3SDFNHWV%RWKLVWKHGHIDXOWVHWWLQJ:LWKWKH%RWKRU2XW2QO\VHWWLQJWKHURXWHUEURDGFDVWVLWVURXWLQJWDEOHSHULRGLFDOO\:LWKWKH%RWKRU,Q2QO\VHWWLQJWKHURXWHULQFRUSRUDWHVWKH5,3LQIRUPDWLRQWKDWLWUHFHLYHV5,39HUVLRQ&RQWUROVWKHIRUPDWDQGWKHEURDGFDVWLQJPHWKRGRIWKH5,3SDFNHWVWKDWWKHURXWHUVHQGV,WUHFRJQL]HVERWKIRUPDWVZKHQUHFHLYLQJ%\GHIDXOWWKH5,3IXQFWLRQLVGLVDEOHG5,3LVXQLYHUVDOO\VXSSRUWHG,WLVDGHTXDWHIRUPRVWQHWZRUNVXQOHVV\RXKDYHDQXQXVXDOQHWZRUNVHWXS5,3FDUULHVPRUHLQIRUPDWLRQ%RWK5,3%DQG5,30VHQGWKHURXWLQJGDWDLQ5,3IRUPDW5,3%XVHVVXEQHWEURDGFDVWLQJ5,30XVHVPXOWLFDVWLQJ8VH5RXWHUDVD'+&36HUYHU7KLVFKHFNER[LVVHOHFWHGVRWKDWWKHURXWHUIXQFWLRQVDVD'\QDPLF+RVW&RQILJXUDWLRQ3URWRFRO'+&3VHUYHU6WDUWLQJ,3$GGUHVV6SHFLI\WKHVWDUWRIWKHUDQJHIRUWKHSRRORI,3DGGUHVVHVLQWKHVDPHVXEQHWDVWKHURXWHU(QGLQJ,3$GGUHVV6SHFLI\WKHHQGRIWKHUDQJHIRUWKHSRRORI,3DGGUHVVHVLQWKHVDPHVXEQHWDVWKHURXWHU$GGUHVV5HVHUYDWLRQ:KHQ\RXVSHFLI\DUHVHUYHG,3DGGUHVVIRUDFRPSXWHURQWKH/$1WKDWFRPSXWHUUHFHLYHVWKHVDPH,3DGGUHVVHDFKWLPHLWDFFHVVHVWKHURXWHU¶V'+&3VHUYHU$VVLJQUHVHUYHG,3DGGUHVVHVWRVHUYHUVWKDWUHTXLUHSHUPDQHQW,3VHWWLQJV8VHWKH5RXWHUDVD'+&36HUYHU%\GHIDXOWWKHURXWHUIXQFWLRQVDVD'+&3VHUYHUDOORZLQJLWWRDVVLJQ,3'16VHUYHUDQGGHIDXOWJDWHZD\DGGUHVVHVWRDOOFRPSXWHUVFRQQHFWHGWRWKHURXWHU¶V/$17KHDVVLJQHGGHIDXOWJDWHZD\DGGUHVVLVWKH/$1DGGUHVVRIWKHURXWHU7KHURXWHUDVVLJQV,3DGGUHVVHVWRWKHDWWDFKHGFRPSXWHUVIURPDSRRORIDGGUHVVHVVSHFLILHGLQWKLVVFUHHQ(DFKSRRODGGUHVVLVWHVWHGEHIRUHLWLVDVVLJQHGWRDYRLGGXSOLFDWHDGGUHVVHVRQWKH/$1)RUPRVWDSSOLFDWLRQVWKHGHIDXOW'+&3DQG7&3,3VHWWLQJVRIWKHURXWHUDUHVDWLVIDFWRU\
JHQLH$GYDQFHG+RPH13HUVRQDO5RXWHU35<RXFDQVSHFLI\WKHSRRORI,3DGGUHVVHVWREHDVVLJQHGE\VHWWLQJWKHVWDUWLQJ,3DGGUHVVDQGHQGLQJ,3DGGUHVV7KHVHDGGUHVVHVVKRXOGEHSDUWRIWKHVDPH,3DGGUHVVVXEQHWDVWKHURXWHU¶V/$1,3DGGUHVV8VLQJWKHGHIDXOWDGGUHVVLQJVFKHPH\RXVKRXOGGHILQHDUDQJHEHWZHHQDQGDOWKRXJK\RXPLJKWZDQWWRVDYHSDUWRIWKHUDQJHIRUGHYLFHVZLWKIL[HGDGGUHVVHV7KHURXWHUGHOLYHUVWKHIROORZLQJSDUDPHWHUVWRDQ\/$1GHYLFHWKDWUHTXHVWV'+&3$Q,3DGGUHVVIURPWKHUDQJH\RXKDYHGHILQHG6XEQHWPDVN*DWHZD\,3DGGUHVVWKHURXWHU¶V/$1,3DGGUHVV3ULPDU\'16VHUYHULI\RXHQWHUHGDSULPDU\'16DGGUHVVLQWKH,QWHUQHW6HWXSVFUHHQRWKHUZLVHWKHURXWHU¶V/$1,3DGGUHVV6HFRQGDU\'16VHUYHULI\RXHQWHUHGDVHFRQGDU\'16DGGUHVVLQWKH,QWHUQHW6HWXSVFUHHQ7RXVHDQRWKHUGHYLFHRQ\RXUQHWZRUNDVWKH'+&3VHUYHURUWRPDQXDOO\FRQILJXUHWKHQHWZRUNVHWWLQJVRIDOORI\RXUFRPSXWHUVFOHDUWKH8VH5RXWHUDV'+&36HUYHUFKHFNER[DQGFOLFN$SSO\2WKHUZLVHOHDYHWKLVFKHFNER[VHOHFWHG,IWKLVVHUYLFHLVQRWHQDEOHGDQGQRRWKHU'+&3VHUYHULVDYDLODEOHRQ\RXUQHWZRUN\RXQHHGWRVHW\RXUFRPSXWHUV¶,3DGGUHVVHVPDQXDOO\RUWKH\ZLOOQRWDFFHVVWKHURXWHU$GGUHVV5HVHUYDWLRQ:KHQ\RXVSHFLI\DUHVHUYHG,3DGGUHVVIRUDFRPSXWHURQWKH/$1WKDWFRPSXWHUDOZD\VUHFHLYHVWKHVDPH,3DGGUHVVHDFKWLPHLWDFFHVVHVWKHURXWHU¶V'+&3VHUYHU5HVHUYHG,3DGGUHVVHVVKRXOGEHDVVLJQHGWRFRPSXWHUVRUVHUYHUVWKDWUHTXLUHSHUPDQHQW,3VHWWLQJV¾7RUHVHUYHDQ,3DGGUHVV ,QWKH$GGUHVV5HVHUYDWLRQVHFWLRQRIWKHVFUHHQFOLFNWKH$GGEXWWRQ ,QWKH,3$GGUHVVILHOGW\SHWKH,3DGGUHVVWRDVVLJQWRWKHFRPSXWHURUVHUYHU&KRRVHDQ,3DGGUHVVIURPWKHURXWHU¶V/$1VXEQHWVXFKDV[ 7\SHWKH0$&DGGUHVVRIWKHFRPSXWHURUVHUYHU7LS ,IWKHFRPSXWHULVDOUHDG\RQ\RXUQHWZRUN\RXFDQFRS\LWV0$&DGGUHVVIURPWKH$WWDFKHG'HYLFHVVFUHHQDQGSDVWHLWKHUH &OLFN$SSO\WRHQWHUWKHUHVHUYHGDGGUHVVLQWRWKHWDEOH7KHUHVHUYHGDGGUHVVLVQRWDVVLJQHGXQWLOWKHQH[WWLPHWKHFRPSXWHUFRQWDFWVWKHURXWHU¶V'+&3VHUYHU5HERRWWKHFRPSXWHURUDFFHVVLWV,3FRQILJXUDWLRQDQGIRUFHD'+&3UHOHDVHDQGUHQHZ7RHGLWRUGHOHWHDUHVHUYHGDGGUHVVHQWU\VHOHFWWKHUDGLREXWWRQQH[WWRWKHUHVHUYHGDGGUHVV\RXZDQWWRHGLWRUGHOHWH7KHQFOLFN(GLWRU'HOHWH
JHQLH$GYDQFHG+RPH13HUVRQDO5RXWHU354XDOLW\RI6HUYLFH4R66HWXS4R6LVDQDGYDQFHGIHDWXUHWKDWFDQEHXVHGWRSULRULWL]HVRPHW\SHVRIWUDIILFDKHDGRIRWKHUV7KH13HUVRQDO5RXWHUFDQSURYLGH4R6SULRULWL]DWLRQRYHUWKHZLUHOHVVOLQNDQGRQWKH,QWHUQHWFRQQHFWLRQ7RFRQILJXUH4R6XVHWKH4R66HWXSVFUHHQ6HOHFW$GYDQFHG!6HWXS!4R66HWXSWRGLVSOD\WKHIROORZLQJVFUHHQSODFHKROGHU(QDEOH:004R6IRU:LUHOHVV0XOWLPHGLD$SSOLFDWLRQV7KH13HUVRQDO5RXWHUVXSSRUWV:L)L0XOWLPHGLD4XDOLW\RI6HUYLFH:004R6WRSULRULWL]HZLUHOHVVYRLFHDQGYLGHRWUDIILFRYHUWKHZLUHOHVVOLQN:004R6SURYLGHVSULRULWL]DWLRQRIZLUHOHVVGDWDSDFNHWVIURPGLIIHUHQWDSSOLFDWLRQVEDVHGRQIRXUDFFHVVFDWHJRULHVYRLFHYLGHREHVWHIIRUWDQGEDFNJURXQG)RUDQDSSOLFDWLRQWRUHFHLYHWKHEHQHILWVRI:004R6ERWKLWDQGWKHFOLHQWUXQQLQJWKDWDSSOLFDWLRQKDYHWRKDYH:00HQDEOHG/HJDF\DSSOLFDWLRQVWKDWGRQRWVXSSRUW:00DQGDSSOLFDWLRQVWKDWGRQRWUHTXLUH4R6DUHDVVLJQHGWRWKHEHVWHIIRUWFDWHJRU\ZKLFKUHFHLYHVDORZHUSULRULW\WKDQYRLFHDQGYLGHR:004R6LVHQDEOHGE\GHIDXOW<RXFDQGLVDEOHLWLQWKH4R66HWXSVFUHHQE\FOHDULQJWKH(QDEOH:00FKHFNER[DQGFOLFNLQJ$SSO\6HW8S4R6IRU,QWHUQHW$FFHVV<RXFDQJLYHSULRULWL]HG,QWHUQHWDFFHVVWRWKHIROORZLQJW\SHVRIWUDIILF6SHFLILFDSSOLFDWLRQV6SHFLILFRQOLQHJDPHV,QGLYLGXDO(WKHUQHW/$1SRUWVRIWKHURXWHU$VSHFLILFGHYLFHE\0$&DGGUHVV
JHQLH$GYDQFHG+RPH13HUVRQDO5RXWHU357RVSHFLI\SULRULWL]DWLRQRIWUDIILF\RXKDYHWRFUHDWHDSROLF\IRUWKHW\SHRIWUDIILFDQGDGGWKHSROLF\WRWKH4R63ROLF\WDEOHLQWKH4R66HWXSVFUHHQ)RUFRQYHQLHQFHWKH4R63ROLF\WDEOHOLVWVPDQ\FRPPRQDSSOLFDWLRQVDQGRQOLQHJDPHVWKDWFDQEHQHILWIURP4R6KDQGOLQJ4R6IRU$SSOLFDWLRQVDQG2QOLQH*DPLQJ¾7RFUHDWHD4R6SROLF\IRUDSSOLFDWLRQVDQGRQOLQHJDPHV ,QWKH4R66HWXSVFUHHQVHOHFWWKH7XUQ,QWHUQHW$FFHVV4R62QFKHFNER[SODFHKROGHU &OLFNWKH6HWXS4R6UXOHEXWWRQ7KHH[LVWLQJSULRULW\UXOHVGLVSOD\ 7RHGLWDSULRULW\UXOHVHOHFWLWVUDGLREXWWRQDQGFOLFNWKH(GLWEXWWRQ 7RGHOHWHDSULRULW\UXOHVHOHFWLWVUDGLREXWWRQDQGFOLFNWKH'HOHWHEXWWRQ 7RGHOHWHDOORIWKHSULRULW\UXOHVFOLFNWKH'HOHWH$OOEXWWRQ 7RDGGDSULRULW\UXOHVFUROOGRZQWRWKHERWWRPRIWKH4R66HWXSVFUHHQDQGFOLFN$GG3ULRULW\5XOHSODFHKROGHU
JHQLH$GYDQFHG+RPH13HUVRQDO5RXWHU35 ,QWKH4R63ROLF\IRUILHOGW\SHWKHQDPHRIWKHDSSOLFDWLRQRUJDPH ,QWKH3ULRULW\&DWHJRU\OLVWVHOHFWHLWKHU$SSOLFDWLRQVRU2QOLQH*DPLQJ$OLVWRIDSSOLFDWLRQVRUJDPHVGLVSOD\V <RXFDQVHOHFWDQH[LVWLQJLWHPIURPWKHOLVWRU\RXFDQVFUROODQGVHOHFW$GGD1HZ$SSOLFDWLRQRU$GGD1HZ*DPHDVDSSOLFDEOHD ,I\RXDGGDQHZHQWU\WKH3ULRULW\5XOHVVFUHHQH[SDQGVDVVKRZQSODFHKROGHUE ,QWKH4R63ROLF\IRUILHOGHQWHUDGHVFULSWLYHQDPHIRUWKHQHZDSSOLFDWLRQRUJDPHF ,QWKH&RQQHFWLRQ7\SHOLVWVHOHFWHLWKHU7&38'3RUERWK7&38'3DQGVSHFLI\WKHSRUWQXPEHURUUDQJHRISRUWQXPEHUVXVHGE\WKHDSSOLFDWLRQRUJDPH )URPWKH3ULRULW\OLVWVHOHFWWKHSULRULW\WKDWWKLVWUDIILFVKRXOGUHFHLYHUHODWLYHWRRWKHUDSSOLFDWLRQVDQGWUDIILFZKHQDFFHVVLQJWKH,QWHUQHW7KHRSWLRQVDUH/RZ1RUPDO+LJKDQG+LJKHVW &OLFN$SSO\WRVDYHWKLVUXOHWRWKH4R63ROLF\OLVWDQGUHWXUQWRWKH4R66HWXSVFUHHQ4R6IRUD5RXWHU/$13RUW¾7RFUHDWHD4R6SROLF\IRUDGHYLFHFRQQHFWHGWRRQHRIWKHURXWHU¶V/$1SRUWV 6HOHFW$GYDQFHG!6HWXS!4R66HWXSWRGLVSOD\WKH4R66HWXSVFUHHQ6HOHFWWKH7XUQ,QWHUQHW$FFHVV4R62QFKHFNER[ &OLFNWKH6HWXS4R65XOHEXWWRQ &OLFNWKH$GG3ULRULW\5XOHEXWWRQ
JHQLH$GYDQFHG+RPH13HUVRQDO5RXWHU35 )URPWKH3ULRULW\&DWHJRU\OLVWVHOHFW(WKHUQHW/$13RUW7KHIROORZLQJVFUHHQDSSHDUVSODFHKROGHU )URPWKH/$1SRUWOLVWVHOHFWWKH/$1SRUW\RXZDQWWRFUHDWHD4R6SROLF\IRU )URPWKH3ULRULW\OLVWVHOHFWWKHSULRULW\WKDWWKLVSRUW¶VWUDIILFVKRXOGUHFHLYHUHODWLYHWRRWKHUDSSOLFDWLRQVDQGWUDIILFZKHQDFFHVVLQJWKH,QWHUQHW7KHRSWLRQVDUH/RZ1RUPDO+LJKDQG+LJKHVW &OLFN$SSO\WRVDYHWKLVUXOHWRWKH4R63ROLF\OLVWDQGUHWXUQWRWKH4R66HWXSVFUHHQ ,QWKH4R66HWXSVFUHHQFOLFN$SSO\4R6IRUD0$&$GGUHVV¾7RFUHDWHD4R6SROLF\IRUWUDIILFIURPDVSHFLILF0$&DGGUHVV 6HOHFW$GYDQFHG!6HWXS!4R66HWXSDQGFOLFNWKH6HWXS4R65XOHEXWWRQ7KH4R66HWXSVFUHHQGLVSOD\V &OLFN$GG3ULRULW\5XOH )URPWKH3ULRULW\&DWHJRU\OLVWVHOHFW0$&$GGUHVVWRGLVSOD\WKHIROORZLQJVFUHHQSODFHKROGHU
JHQLH$GYDQFHG+RPH13HUVRQDO5RXWHU35 ,IWKHGHYLFHWREHSULRULWL]HGDSSHDUVLQWKH0$&'HYLFH/LVWVHOHFWLWVUDGLREXWWRQ7KHLQIRUPDWLRQIURPWKH0$&'HYLFH/LVWSRSXODWHVWKHSROLF\QDPH0$&$GGUHVVDQG'HYLFH1DPHILHOGV,IWKHGHYLFHGRHVQRWDSSHDULQWKH0$&'HYLFH/LVWFOLFN5HIUHVK,ILWVWLOOGRHVQRWDSSHDU\RXKDYHWRFRPSOHWHWKHVHILHOGVPDQXDOO\ )URPWKH3ULRULW\OLVWVHOHFWWKHSULRULW\WKDWWKLVGHYLFH¶VWUDIILFVKRXOGUHFHLYHUHODWLYHWRRWKHUDSSOLFDWLRQVDQGWUDIILFZKHQDFFHVVLQJWKH,QWHUQHW7KHRSWLRQVDUH/RZ1RUPDO+LJKDQG+LJKHVW&OLFN$GGWRDGGWKLVUXOHWR0$&'HYLFH/LVW &OLFN$SSO\WRVDYHWKLVUXOHWRWKH4R63ROLF\OLVWDQGUHWXUQWRWKH4R66HWXSVFUHHQ ,QWKH4R66HWXSVFUHHQVHOHFWWKH7XUQ,QWHUQHW$FFHVV4R62QFKHFNER[ &OLFN$SSO\(GLWRU'HOHWHDQ([LVWLQJ4R63ROLF\¾7RHGLWRUGHOHWHD4R6SROLF\ 6HOHFW$GYDQFHG!4R66HWXSWRGLVSOD\WKH4R66HWXSVFUHHQ 6HOHFWWKHUDGLREXWWRQQH[WWRWKH4R6SROLF\WREHHGLWHGRUGHOHWHGDQGGRRQHRIWKHIROORZLQJ&OLFN'HOHWHWRUHPRYHWKH4R6SROLF\&OLFN(GLWWRHGLWWKH4R6SROLF\)ROORZWKHLQVWUXFWLRQVLQWKHSUHFHGLQJVHFWLRQVWRFKDQJHWKHSROLF\VHWWLQJV &OLFN$SSO\LQWKH4R66HWXSVFUHHQWRVDYH\RXUFKDQJHV
86%6WRUDJH$FFHVVLQJDQGFRQILJXULQJD86%VWRUDJHGULYH7KLVFKDSWHUGHVFULEHVKRZWRDFFHVVDQGFRQILJXUHD86%VWRUDJHGULYHDWWDFKHGWR\RXUURXWHU1RWHWKDWWKH86%SRUWRQWKHURXWHUFDQEHXVHGWRFRQQHFWRQO\86%VWRUDJHGHYLFHVOLNHIODVKGULYHVRUKDUGGULYHV'RQRWFRQQHFWFRPSXWHUV86%PRGHPVSULQWHUV&'GULYHVRU'9'GULYHVWRWKHURXWHU86%SRUW7KLVFKDSWHUFRQWDLQVWKHIROORZLQJVHFWLRQV86%'ULYH5HTXLUHPHQWV5HDG\6+$5($FFHVV)LOH6KDULQJ6FHQDULRV%DVLF6HWWLQJV86%6WRUDJH$GYDQFHG6HWWLQJV6DIHO\5HPRYHD86%'ULYH6SHFLI\$SSURYHG86%'HYLFHV&RQQHFWWRWKH86%'ULYHIURPD5HPRWH&RPSXWHU
86%6WRUDJH13HUVRQDO5RXWHU3586%'ULYH5HTXLUHPHQWV7KHURXWHUZRUNVZLWKDQG86%)XOO6SHHGDQG86%+LJK6SHHGVWDQGDUGV7KHDSSUR[LPDWH86%EXVVSHHGVDUHVKRZQLQWKHIROORZLQJWDEOH$FWXDOEXVVSHHGVFDQYDU\GHSHQGLQJRQWKH&38VSHHGPHPRU\VSHHGRIWKHQHWZRUNDQGRWKHUYDULDEOHV7DEOH86%GULYHVSHHGV%XV 6SHHG6HF86% 0ELWV86% 0ELWV7KHURXWHUVKRXOGZRUNZLWKPRVW86%FRPSOLDQWH[WHUQDOIODVKDQGKDUGGULYHV)RUWKHPRVWXSWRGDWHOLVWRI86%GULYHVVXSSRUWHGE\WKHURXWHUYLVLWKWWSNEVHUYHUQHWJHDUFRPUHDG\VKDUH7KHURXWHUVXSSRUWVERWKUHDGDQGZULWHIRU)$7)$717)6DQG/LQX[ILOHV\VWHPV(;7DQG(;71RWH 6RPH86%H[WHUQDOKDUGGULYHVDQGIODVKGULYHVUHTXLUHGULYHUVEHORDGHGLQWRWKH:LQGRZVFRPSXWHUEHIRUHWKH:LQGRZVFRPSXWHUFDQDFFHVVWKH86%GHYLFH6XFK86%GHYLFHVZLOOQRWZRUNZLWKWKHURXWHU5HDG\6+$5($FFHVV2QFH\RXKDYHVHWXS\RXUURXWHU\RXFDQFRQQHFWDQ\86%VWRUDJHGHYLFHDQGVKDUHWKHFRQWHQWVZLWKRWKHUXVHUVRQ\RXUQHWZRUN<RXFDQDFFHVV\RXU86%GHYLFHLQDQ\RIWKHIROORZLQJZD\V2Q:LQGRZV:LQGRZV:LQGRZV;3:LQGRZV9LVWDDQG:LQGRZVV\VWHPVVHOHFW6WDUW!5XQDQGHQWHU??UHDG\VKDUHLQWKHGLDORJER[&OLFN2.2Q:LQGRZV:LQGRZV:LQGRZV;3:LQGRZV9LVWDDQG:LQGRZVV\VWHPVRSHQ,QWHUQHW([SORUHURU6DIDULDQGHQWHU??UHDG\VKDUHLQWKHDGGUHVVEDU2Q0DF26;YHUVLRQRUODWHUHQWHUVPEUHDG\VKDUHLQWKHDGGUHVVEDU,Q0\1HWZRUN3ODFHVHQWHU??UHDG\VKDUHLQWKHDGGUHVVEDU)RUPRUHLQIRUPDWLRQDERXW5HDG\6+$5(DFFHVVIRU86%VWRUDJHGHYLFHVJRWRKWWSZZZQHWJHDUFRPUHDG\VKDUH
86%6WRUDJH13HUVRQDO5RXWHU35)LOH6KDULQJ6FHQDULRV<RXFDQVKDUHILOHVRQWKH86%GULYHIRUDZLGHYDULHW\RIEXVLQHVVDQGUHFUHDWLRQDOSXUSRVHV7KHILOHVFDQEHDQ\:LQGRZV0DFRU/LQX[ILOHW\SHLQFOXGLQJWH[W:RUG3RZHU3RLQW([FHODQG03ILOHVSLFWXUHVDQGPXOWLPHGLD86%GULYHDSSOLFDWLRQVLQFOXGH6KDULQJPXOWLPHGLDVXFKDV03ILOHVSLFWXUHVDQGVRRQZLWKIULHQGVDQGIDPLO\ZKRDUHORFDORUUHPRWH6KDULQJUHVRXUFHVRQ\RXUQHWZRUN<RXPLJKWZDQWWRVWRUHILOHVLQDFHQWUDOORFDWLRQVRWKDW\RXGRQRWQHHGWRSRZHUXSDFRPSXWHUWRSHUIRUPORFDOVKDULQJ,QDGGLWLRQ\RXFDQVKDUHILOHVEHWZHHQ0DF/LQX[DQG:LQGRZVFRPSXWHUVE\XVLQJWKH86%GULYHDVDJREHWZHHQDFURVVWKHV\VWHPV6KDULQJILOHVVXFKDV:RUGGRFXPHQWV3RZHU3RLQWSUHVHQWDWLRQVDQGWH[WILOHVZLWKUHPRWHXVHUV$IHZFRPPRQXVHVDUHGHVFULEHGLQWKHIROORZLQJVHFWLRQV6KDUH3KRWRV<RXFDQFUHDWH\RXURZQFHQWUDOVWRUDJHORFDWLRQIRUSKRWRVDQGPXOWLPHGLD7KLVHOLPLQDWHVWKHQHHGWRORJLQWRDQGSD\IRUDQH[WHUQDOSKRWRVKDULQJVLWH¾7RVKDUHILOHVZLWK\RXUIULHQGVDQGIDPLO\ ,QVHUW\RXU86%GULYHLQWRWKH86%SRUWRQWKHURXWHUHLWKHUGLUHFWO\RUZLWKD86%FDEOH&RPSXWHUVRQ\RXUORFDODUHDQHWZRUN/$1FDQDXWRPDWLFDOO\DFFHVVWKLV86%GULYHXVLQJDZHEEURZVHURU0LFURVRIW1HWZRUNLQJ ,I\RXZDQWWRVSHFLI\UHDGRQO\DFFHVVRUWRDOORZDFFHVVIURPWKH,QWHUQHWVHH86%6WRUDJH$GYDQFHG6HWWLQJVRQSDJH6WRUH)LOHVLQD&HQWUDO/RFDWLRQIRU3ULQWLQJ7KLVVFHQDULRLVIRUDIDPLO\WKDWKDVRQHKLJKTXDOLW\FRORUSULQWHUGLUHFWO\DWWDFKHGWRDFRPSXWHUEXWQRWVKDUHGRQWKHORFDODUHDQHWZRUN/$17KLVIDPLO\GRHVQRWKDYHDSULQWVHUYHU$IDPLO\PHPEHUKDVSKRWRVRQD0DFFRPSXWHUDQGZDQWVWRSULQWWKHP7KHSKRWRFDSDEOHFRORUSULQWHULVGLUHFWO\DWWDFKHGWRD:LQGRZVFRPSXWHUEXWQRWVKDUHGRQWKHQHWZRUN7KH0DFDQG:LQGRZVFRPSXWHUDUHQRWYLVLEOHWRHDFKRWKHURQWKHQHWZRUN¾7RSULQWSKRWRVIURPD0DFRQWKHSULQWHUDWWDFKHGWRD:LQGRZVFRPSXWHU 2QWKH0DFDFFHVVWKH86%GULYHE\W\SLQJ??UHDG\VKDUHLQWKHDGGUHVVILHOGRIDZHEEURZVHU7KHQFRS\WKHSKRWRVWRWKH86%GULYH 2QWKH:LQGRZVFRPSXWHUXVHDZHEEURZVHURU0LFURVRIW1HWZRUNLQJWRFRS\WKHILOHVIURPWKH86%GULYHWRWKH:LQGRZVFRPSXWHU3ULQWWKHILOHV
86%6WRUDJH13HUVRQDO5RXWHU356KDUH/DUJH)LOHVRYHUWKH,QWHUQHW6HQGLQJILOHVWKDWDUHODUJHUWKDQ0%FDQSRVHDSUREOHPIRUPDQ\HPDLOV\VWHPV7KHURXWHUDOORZV\RXWRVKDUHODUJHILOHVVXFKDV3RZHU3RLQWSUHVHQWDWLRQVRU]LSILOHVRYHUWKH,QWHUQHW)73FDQEHXVHGWRHDVLO\GRZQORDGVKDUHGILOHVIURPWKHURXWHU6KDULQJILOHVZLWKDUHPRWHFROOHDJXHLQYROYHVWKHIROORZLQJFRQVLGHUDWLRQV7KHUHDUHWZRXVHUDFFRXQWVDGPLQDQGJXHVW7KHSDVVZRUGIRUDGPLQLVWKHVDPHRQHWKDW\RXXVHWRDFFHVVWKHURXWHU%\GHIDXOWLWLVSDVVZRUG7KHJXHVWXVHUDFFRXQWKDVQRSDVVZRUG2QWKH)73VLWHWKHSHUVRQUHFHLYLQJWKHILOHVVKRXOGXVHWKHJXHVWXVHUDFFRXQWDQGHQWHUDQ\SDVVZRUG)73UHTXLUHVWKDW\RXW\SHVRPHWKLQJLQWKHSDVVZRUGILHOG%HVXUHWRVHOHFWWKH)73YLD,QWHUQHWFKHFNER[LQWKH86%6WRUDJH$GYDQFHG6HWWLQJVVFUHHQ7KLVRSWLRQVXSSRUWVERWKGRZQORDGLQJDQGXSORDGLQJRIILOHV1RWH <RXFDQHQDEOHWKH+773YLD,QWHUQHWRSWLRQRQWKH86%6WRUDJH$GYDQFHG6HWWLQJVVFUHHQWRVKDUHODUJHILOHV7KLVRSWLRQVXSSRUWVGRZQORDGLQJILOHVRQO\%DVLF6HWWLQJV<RXFDQYLHZRUHGLWEDVLFVHWWLQJVIRUWKH86%VWRUDJHGHYLFHDWWDFKHGWR\RXUURXWHU<RXFDQDFFHVVWKLVIHDWXUHE\VHOHFWLQJ%DVLF!5HDG\6+$5(RU$GYDQFHG!86%6WRUDJH!5HDG\6+$5(7KH86%6WRUDJH%DVLF6HWWLQJVVFUHHQGLVSOD\VSODFHKROGHU%\GHIDXOWWKH86%VWRUDJHGHYLFHLVDYDLODEOHWRDOOFRPSXWHUVRQ\RXUORFDODUHDQHWZRUN/$1
86%6WRUDJH13HUVRQDO5RXWHU35¾7RDFFHVV\RXU86%GHYLFH &OLFNWKHQHWZRUNGHYLFHQDPHRUWKHVKDUHQDPHLQ\RXUFRPSXWHU¶VQHWZRUNIROGHUVOLVW )RU60%UHDG\VKDUHFOLFN&RQQHFW1RWH ,I\RXORJLQWRWKHURXWHUEHIRUH\RXFRQQHFWHG\RXU86%GHYLFH\RXPLJKWQRWVHH\RXU86%GHYLFHLQWKHURXWHUVFUHHQVXQWLO\RXORJRXWDQGWKHQORJEDFNLQDJDLQ$GGRU(GLWD1HWZRUN)ROGHU <RXFDQDFFHVVWKLVIHDWXUHE\VHOHFWLQJ%DVLF!5HDG\6KDUH!(GLWRU$GYDQFHG!86%6WRUDJH!$GYDQFHG6HWWLQJVSODFHKROGHU 6SHFLI\WKHFKDQJHVWKDW\RXZDQWWRPDNH7RDGGDIROGHUFOLFN&UHDWH1HWZRUN)ROGHUSODFHKROGHU
86%6WRUDJH13HUVRQDO5RXWHU357RHGLWDIROGHUVHOHFWLWVUDGLREXWWRQDQGFOLFN(GLW <RXFDQXVHWKLVVFUHHQWRVHOHFWDIROGHUWRFKDQJHWKHVKDUHQDPHRUWRFKDQJHWKHUHDGDFFHVVRUZULWHDFFHVVIURP$OO±QRSDVVZRUGWRDGPLQ7KHXVHUQDPHDFFRXQWQDPHIRU$OO±QRSDVVZRUGLVJXHVW7KHSDVVZRUGIRUDGPLQLVWKHVDPHRQHWKDWLVXVHGWRORJLQWRWKHURXWHU%\GHIDXOWLWLVSDVVZRUG &OLFN$SSO\IRU\RXUFKDQJHVWRWDNHHIIHFW86%6WRUDJH$GYDQFHG6HWWLQJV<RXFDQVHWXSWKHGHYLFHQDPHZRUNJURXSVDQGQHWZRUNIROGHUVIRU\RXU86%GHYLFH2QWKH$GYDQFHGWDEVHOHFW86%6WRUDJH!$GYDQFHG6HWWLQJVWRGLVSOD\WKHIROORZLQJVFUHHQSODFHKROGHU<RXFDQXVHWKLVVFUHHQWRVSHFLI\DFFHVVWRWKH86%VWRUDJHGHYLFH1HWZRUN'HYLFH1DPH7KHGHIDXOWLVUHDG\VKDUH7KLVLVWKHQDPHXVHGWRDFFHVVWKH86%GHYLFHFRQQHFWHGWRWKHURXWHU:RUNJURXS,I\RXDUHXVLQJD:LQGRZVZRUNJURXSUDWKHUWKDQDGRPDLQWKHZRUNJURXSQDPHLVGLVSOD\HGKHUH7KHQDPHZRUNVRQO\LQDQRSHUDWLQJV\VWHPWKDWVXSSRUWV1HW%,26VXFKDV0LFURVRIW:LQGRZV$FFHVV0HWKRG7KHDFFHVVPHWKRGVDUHGHVFULEHGKHUH1HWZRUN&RQQHFWLRQ(QDEOHGE\GHIDXOWWKLVFRQQHFWLRQDOORZVDOOXVHUVRQWKH/$1WRKDYHDFFHVVWRWKH86%GULYH+773(QDEOHGE\GHIDXOW<RXFDQW\SHKWWSUHDG\VKDUHURXWHUORJLQQHWVKDUHVWRDFFHVVWKH86%GULYH+773YLDLQWHUQHW'LVDEOHGE\GHIDXOW,I\RXVHOHFWWKLVFKHFNER[UHPRWHXVHUVFDQW\SHKWWSSXEOLF,3DGGUHVV!VKDUHVIRUH[DPSOHKWWSVKDUHVRUD85/GRPDLQQDPHWRDFFHVVWKH86%GULYHRYHUWKH,QWHUQHW7KLVIHDWXUHVXSSRUWVILOHXSORDGLQJRQO\
86%6WRUDJH13HUVRQDO5RXWHU35)73'LVDEOHGE\GHIDXOW)73YLDLQWHUQHW'LVDEOHGE\GHIDXOW,I\RXVHOHFWWKLVFKHFNER[UHPRWHXVHUVFDQDFFHVVWKH86%GULYHWKURXJK)73RYHUWKH,QWHUQHW7KLVIHDWXUHVXSSRUWVERWKGRZQORDGLQJDQGXSORDGLQJRIILOHV$YDLODEOH1HWZRUN)ROGHUV<RXPLJKWQHHGWRVFUROOGRZQWRYLHZWKLVVHFWLRQRIWKHVFUHHQSODFHKROGHU6KDUH1DPH,IRQO\RQHGHYLFHLVFRQQHFWHGWKHGHIDXOWVKDUHQDPHLV86%B6WRUDJH<RXFDQFOLFNWKHQDPHVKRZQRU\RXFDQW\SHLWLQWKHDGGUHVVILHOGRI\RXUZHEEURZVHU,I1RW6KDUHGLVVKRZQWKHGHIDXOWVKDUHKDVEHHQGHOHWHGDQGQRRWKHUVKDUHIRUWKHURRWIROGHUH[LVWV&OLFNWKHOLQNWRFKDQJHWKLVVHWWLQJ5HDG$FFHVVDQG:ULWH$FFHVV6KRZVWKHSHUPLVVLRQVDQGDFFHVVFRQWUROVRQWKHQHWZRUNIROGHU$OOQRSDVVZRUGWKHGHIDXOWDOORZVDOOXVHUVWRDFFHVVWKHQHWZRUNIROGHU7KHSDVVZRUGIRUDGPLQLVWKHVDPHRQHWKDW\RXXVHWRORJLQWRWKHURXWHU)ROGHU1DPH)XOOSDWKXVHGE\WKHQHWZRUNIROGHU9ROXPH1DPH9ROXPHQDPHIURPWKHVWRUDJHGHYLFHHLWKHU86%GULYHRU+''7RWDO6SDFHDQG)UHH6SDFH6KRZVWKHFXUUHQWXWLOL]DWLRQRIWKHVWRUDJHGHYLFH6DIHO\5HPRYHD86%'ULYH7RVDIHO\UHPRYHD86%GLVNGULYHVRWKDWQRXVHUVFDQDFFHVVLWVHOHFW86%6WRUDJH!%DVLF6HWWLQJVDQGFOLFNWKH6DIHO\5HPRYH86%'HYLFHEXWWRQ7KLVWDNHVWKHGULYHRIIOLQH
86%6WRUDJH13HUVRQDO5RXWHU356SHFLI\$SSURYHG86%'HYLFHV)RUPRUHVHFXULW\\RXFDQVHWXSWKHURXWHUWRVKDUHDSSURYHG86%GHYLFHVRQO\<RXFDQDFFHVVWKLVIHDWXUHIURPWKH$GYDQFHG6HWXSPHQXRQWKH$GYDQFHGWDE¾7RVHWXSDSSURYHG86%GHYLFHV 6HOHFW$GYDQFHG!$GYDQFHG6HWXS!86%6HWWLQJV7KHIROORZLQJVFUHHQGLVSOD\VSODFHKROGHU &OLFNWKH$SSURYHG'HYLFHVEXWWRQ7KH86%'ULYH$SSURYHG'HYLFHVVFUHHQGLVSOD\VSODFHKROGHU7KLVVFUHHQVKRZVWKHDSSURYHG86%GHYLFHVDQGWKHDYDLODEOH86%GHYLFHV<RXFDQUHPRYHRUDGGDSSURYHG86%GHYLFHV 7RDGGDQDSSURYHG86%GHYLFHVHOHFWLWIURPWKH$YDLODEOH86%'HYLFHVOLVWDQGFOLFN$GG 6HOHFWWKH$OORZRQO\DSSURYHGGHYLFHVFKHFNER[
86%6WRUDJH13HUVRQDO5RXWHU35 &OLFN$SSO\VRWKDW\RXUFKDQJHWDNHVHIIHFW,I\RXZDQWWRZRUNZLWKDQRWKHU86%GHYLFHFOLFNWKH6DIHO\5HPRYH86%'HYLFHEXWWRQIRUWKHFXUUHQWO\FRQQHFWHG86%GHYLFH&RQQHFWWKHRWKHU86%GHYLFHDQGUHSHDWWKLVSURFHVV&RQQHFWWRWKH86%'ULYHIURPD5HPRWH&RPSXWHU7RFRQQHFWWRWKH86%GULYHIURPUHPRWHFRPSXWHUVZLWKDZHEEURZVHU\RXKDYHWRXVHWKHURXWHU¶V,QWHUQHWSRUW,3DGGUHVV,I\RXDUHXVLQJ'\QDPLF'16\RXFDQW\SHWKH'16QDPHUDWKHUWKDQWKH,3DGGUHVV<RXFDQYLHZWKHURXWHU¶V,QWHUQHW,3DGGUHVVIURPWKHGDVKERDUGRQWKH%DVLF+RPHVFUHHQRUWKH$GYDQFHG+RPHVFUHHQ$FFHVVWKH5RXWHU¶V86%'ULYH5HPRWHO\8VLQJ)73¾7RFRQQHFWWRWKHURXWHU¶V86%GULYHXVLQJDZHEEURZVHU &RQQHFWWRWKHURXWHUE\W\SLQJIWSDQGWKH,QWHUQHWSRUW,3DGGUHVVLQWKHDGGUHVVILHOGRI,QWHUQHW([SORUHURU1HWVFDSH1DYLJDWRUIRUH[DPSOHIWS,I\RXDUHXVLQJ'\QDPLF'16\RXFDQW\SHWKH'16QDPHUDWKHUWKDQWKH,3DGGUHVV 7\SHWKHDFFRXQWQDPHDQGSDVVZRUGWKDWKDVDFFHVVULJKWVWRWKH86%GULYH7KHXVHUQDPHDFFRXQWQDPHIRU$OO±QRSDVVZRUGLVJXHVW 7KHGLUHFWRULHVRIWKH86%GULYHWKDW\RXUDFFRXQWDFFHVVHVDUHGLVSOD\HGIRUH[DPSOHVKDUHSDUWLWLRQGLUHFWRU\<RXFDQQRZUHDGDQGFRS\ILOHVIURPWKH86%GLUHFWRU\
6HFXULW\.HHSLQJXQZDQWHGFRQWHQWRXWRI\RXUQHWZRUN7KLVFKDSWHUH[SODLQVKRZWRXVHWKHEDVLFILUHZDOOIHDWXUHVRIWKHURXWHUWRSUHYHQWREMHFWLRQDEOHFRQWHQWIURPUHDFKLQJWKHFRPSXWHUVDQGRWKHUGHYLFHVFRQQHFWHGWR\RXUQHWZRUN7KLVFKDSWHULQFOXGHVWKHIROORZLQJVHFWLRQV.H\ZRUG%ORFNLQJRI+7737UDIILF%ORFN6HUYLFHV3RUW)LOWHULQJ6FKHGXOH%ORFNLQJ6HFXULW\(YHQW(PDLO1RWLILFDWLRQV
6HFXULW\13HUVRQDO5RXWHU35.H\ZRUG%ORFNLQJRI+7737UDIILF8VHNH\ZRUGEORFNLQJWRSUHYHQWFHUWDLQW\SHVRI+773WUDIILFIURPDFFHVVLQJ\RXUQHWZRUN7KHEORFNLQJFDQEHDOZD\VRUDFFRUGLQJWRDVFKHGXOH 6HOHFW$GYDQFHG!6HFXULW\!%ORFN6LWHVWRGLVSOD\WKHIROORZLQJVFUHHQSODFHKROGHU 6HOHFWRQHRIWKHNH\ZRUGEORFNLQJRSWLRQV3HU6FKHGXOH7XUQRQNH\ZRUGEORFNLQJDFFRUGLQJWRWKH6FKHGXOHVFUHHQVHWWLQJV$OZD\V7XUQRQNH\ZRUGEORFNLQJDOOWKHWLPHLQGHSHQGHQWRIWKH6FKHGXOHVFUHHQ ,QWKHNH\ZRUGILHOGHQWHUDNH\ZRUGRUGRPDLQFOLFN$GG.H\ZRUGDQGFOLFN$SSO\7KHNH\ZRUGOLVWVXSSRUWVXSWRHQWULHV+HUHDUHVRPHVDPSOHHQWULHV6SHFLI\;;;WREORFNKWWSZZZEDGVWXIIFRP[[[KWPO6SHFLI\FRPLI\RXZDQWWRDOORZRQO\VLWHVZLWKGRPDLQVXIIL[HVVXFKDVHGXRUJRY(QWHUDSHULRGWREORFNDOO,QWHUQHWEURZVLQJDFFHVV¾7RGHOHWHDNH\ZRUGRUGRPDLQ 6HOHFWWKHNH\ZRUG\RXZDQWWRGHOHWHIURPWKHOLVW &OLFN'HOHWH.H\ZRUGDQG$SSO\WRVDYH\RXUFKDQJHV¾7RVSHFLI\DWUXVWHGFRPSXWHU<RXFDQH[HPSWRQHWUXVWHGFRPSXWHUIURPEORFNLQJDQGORJJLQJ7KHFRPSXWHU\RXH[HPSWPXVWKDYHDIL[HG,3DGGUHVV ,QWKH7UXVWHG,3$GGUHVVILHOGHQWHUWKH,3DGGUHVV &OLFN$SSO\WRVDYH\RXUFKDQJHV%ORFN6HUYLFHV3RUW)LOWHULQJ6HUYLFHVDUHIXQFWLRQVSHUIRUPHGE\VHUYHUFRPSXWHUVDWWKHUHTXHVWRIFOLHQWFRPSXWHUV)RUH[DPSOHZHEVHUYHUVVHUYHZHESDJHVWLPHVHUYHUVVHUYHWLPHDQGGDWHLQIRUPDWLRQDQG
6HFXULW\13HUVRQDO5RXWHU35JDPHKRVWVVHUYHGDWDDERXWRWKHUSOD\HUV¶PRYHV:KHQDFRPSXWHURQWKH,QWHUQHWVHQGVDUHTXHVWIRUVHUYLFHWRDVHUYHUFRPSXWHUWKHUHTXHVWHGVHUYLFHLVLGHQWLILHGE\DVHUYLFHRUSRUWQXPEHU7KLVQXPEHUDSSHDUVDVWKHGHVWLQDWLRQSRUWQXPEHULQWKHWUDQVPLWWHG,3SDFNHWV)RUH[DPSOHDSDFNHWWKDWLVVHQWZLWKWKHGHVWLQDWLRQSRUWQXPEHULVDQ+773ZHEVHUYHUUHTXHVW7KHVHUYLFHQXPEHUVIRUPDQ\FRPPRQSURWRFROVDUHGHILQHGE\WKH,QWHUQHW(QJLQHHULQJ7DVN)RUFH,(7)DWKWWSZZZLHWIRUJDQGSXEOLVKHGLQ5)&³$VVLJQHG1XPEHUV´6HUYLFHQXPEHUVIRURWKHUDSSOLFDWLRQVDUHW\SLFDOO\FKRVHQIURPWKHUDQJHWRE\WKHDXWKRUVRIWKHDSSOLFDWLRQ$OWKRXJKWKHURXWHUDOUHDG\KROGVDOLVWRIPDQ\VHUYLFHSRUWQXPEHUV\RXDUHQRWOLPLWHGWRWKHVHFKRLFHV<RXFDQRIWHQGHWHUPLQHSRUWQXPEHULQIRUPDWLRQE\FRQWDFWLQJWKHSXEOLVKHURIWKHDSSOLFDWLRQE\DVNLQJXVHUJURXSVRUQHZVJURXSVRUE\VHDUFKLQJ7KH%ORFN6HUYLFHVVFUHHQOHWV\RXDGGDQGEORFNVSHFLILF,QWHUQHWVHUYLFHVE\FRPSXWHUVRQ\RXUQHWZRUN7KLVLVFDOOHGVHUYLFHEORFNLQJRUSRUWILOWHULQJ7RDGGDVHUYLFHWREORFNILUVWGHWHUPLQHZKLFKSRUWQXPEHURUUDQJHRIQXPEHUVDUHXVHGE\WKHDSSOLFDWLRQ¾7REORFNVHUYLFHV 6HOHFW$GYDQFHG!6HFXULW\!%ORFN6HUYLFHVWRGLVSOD\WKHIROORZLQJVFUHHQSODFHKROGHU 6HOHFWHLWKHU3HU6FKHGXOHRU$OZD\VWRHQDEOHVHUYLFHEORFNLQJDQGFOLFN$SSO\,I\RXVHOHFWHG3HU6FKHGXOHVSHFLI\DWLPHSHULRGLQWKH6FKHGXOHVFUHHQDVGHVFULEHGLQ6FKHGXOH%ORFNLQJRQSDJH
6HFXULW\13HUVRQDO5RXWHU35 &OLFN$GGWRDGGDVHUYLFH7KH%ORFN6HUYLFHV6HWXSVFUHHQGLVSOD\VSODFHKROGHU )URPWKH6HUYLFH7\SHOLVWVHOHFWWKHDSSOLFDWLRQRUVHUYLFHWRDOORZRUEORFN7KHOLVWDOUHDG\GLVSOD\VVHYHUDOFRPPRQVHUYLFHVEXW\RXDUHQRWOLPLWHGWRWKHVHFKRLFHV7RDGGDQ\VHUYLFHVRUDSSOLFDWLRQVWKDWGRQRWDOUHDG\DSSHDUVHOHFW8VHU'HILQHG ,I\RXNQRZWKDWWKHDSSOLFDWLRQXVHVHLWKHU7&3RU8'3VHOHFWWKHDSSURSULDWHSURWRFRO,I\RXDUHQRWVXUHVHOHFW%RWK (QWHUWKHVWDUWLQJDQGHQGLQJSRUWQXPEHUV,IWKHDSSOLFDWLRQXVHVDVLQJOHSRUWQXPEHUHQWHUWKDWQXPEHULQERWKILHOGV 6HOHFWWKHUDGLREXWWRQIRUWKH,3DGGUHVVFRQILJXUDWLRQ\RXZDQWWREORFNDQGHQWHUWKH,3DGGUHVVHV<RXFDQEORFNWKHVSHFLILHGVHUYLFHIRUDVLQJOHFRPSXWHUDUDQJHRIFRPSXWHUVZLWKFRQVHFXWLYH,3DGGUHVVHVRUDOOFRPSXWHUVRQ\RXUQHWZRUN &OLFN$GGWRHQDEOH\RXU%ORFN6HUYLFHV6HWXSVHOHFWLRQV6FKHGXOH%ORFNLQJ<RXFDQVSHFLI\WKHGD\VDQGWLPHWKDW\RXZDQWWREORFN,QWHUQHWDFFHVV
6HFXULW\13HUVRQDO5RXWHU35¾7RVFKHGXOHEORFNLQJ 6HOHFW$GYDQFHG!6HFXULW\!6FKHGXOHWRGLVSOD\WKHIROORZLQJVFUHHQSODFHKROGHU 6HWXSWKHVFKHGXOHIRUEORFNLQJNH\ZRUGVDQGVHUYLFHV'D\VWR%ORFN6HOHFWGD\VRQZKLFK\RXZDQWWRDSSO\EORFNLQJE\VHOHFWLQJWKHDSSURSULDWHFKHFNER[HVRUVHOHFW(YHU\'D\WRVHOHFWWKHFKHFNER[HVIRUDOOGD\V7LPHRI'D\WR%ORFN6HOHFWDVWDUWDQGHQGWLPHLQKRXUIRUPDWRUVHOHFW$OO'D\IRUKRXUEORFNLQJ 6HOHFW\RXUWLPH]RQHIURPWKHOLVW,I\RXXVHGD\OLJKWVDYLQJVWLPHVHOHFWWKH$XWRPDWLFDOO\DGMXVWIRUGD\OLJKWVDYLQJVWLPHFKHFNER[ &OLFN$SSO\WRVDYH\RXUVHWWLQJV6HFXULW\(YHQW(PDLO1RWLILFDWLRQV7RUHFHLYHORJVDQGDOHUWVE\HPDLOSURYLGH\RXUHPDLOLQIRUPDWLRQLQWKH(PDLOVFUHHQDQGVSHFLI\ZKLFKDOHUWV\RXZDQWWRUHFHLYHDQGKRZRIWHQ
6HFXULW\13HUVRQDO5RXWHU35¾7RVHWXSHPDLOQRWLILFDWLRQV 6HOHFW$GYDQFHG!6HFXULW\!(PDLOWRGLVSOD\WKHIROORZLQJVFUHHQSODFHKROGHU 7RUHFHLYHHPDLOORJVDQGDOHUWVIURPWKHURXWHUVHOHFWWKH7XUQ(PDLO1RWLILFDWLRQ2QFKHFNER[ ,QWKH<RXU2XWJRLQJ0DLO6HUYHUILHOGHQWHUWKHQDPHRI\RXU,63¶VRXWJRLQJ6073PDLOVHUYHUVXFKDVPDLOP\,63FRP<RXPLJKWEHDEOHWRILQGWKLVLQIRUPDWLRQLQWKHFRQILJXUDWLRQVFUHHQRI\RXUHPDLOSURJUDP,I\RXOHDYHWKLVILHOGEODQNORJDQGDOHUWPHVVDJHVDUHQRWVHQWE\HPDLO (QWHUWKHHPDLODGGUHVVWRZKLFKORJVDQGDOHUWVDUHVHQWLQWKH6HQGWR7KLV(PDLO$GGUHVVILHOG7KLVHPDLODGGUHVVLVDOVRXVHGIRUWKH)URPDGGUHVV,I\RXOHDYHWKLVILHOGEODQNORJDQGDOHUWPHVVDJHVDUHQRWVHQWE\HPDLO ,I\RXURXWJRLQJHPDLOVHUYHUUHTXLUHVDXWKHQWLFDWLRQVHOHFWWKH0\0DLO6HUYHUUHTXLUHVDXWKHQWLFDWLRQFKHFNER[)LOOLQWKH8VHU1DPHDQG3DVVZRUGILHOGVIRUWKHRXWJRLQJHPDLOVHUYHU <RXFDQKDYHHPDLODOHUWVVHQWLPPHGLDWHO\ZKHQVRPHRQHDWWHPSWVWRYLVLWDEORFNHGVLWHDQG\RXFDQVSHFLI\WKDWORJVDUHVHQWDXWRPDWLFDOO\,I\RXVHOHFWWKH:HHNO\'DLO\RU+RXUO\RSWLRQDQGWKHORJILOOVXSEHIRUHWKHVSHFLILHGSHULRGWKHORJLVDXWRPDWLFDOO\HPDLOHGWRWKHVSHFLILHGHPDLODGGUHVV$IWHUWKHORJLVVHQWWKHORJLVFOHDUHGIURPWKHURXWHU¶VPHPRU\,IWKHURXWHUFDQQRWHPDLOWKHORJILOHWKHORJEXIIHUPLJKWILOOXS,QWKLVFDVHWKHURXWHURYHUZULWHVWKHORJDQGGLVFDUGVLWVFRQWHQWV &OLFN$SSO\WRVDYH\RXUVHWWLQJV
$GPLQLVWUDWLRQ0DQDJLQJ\RXUQHWZRUN7KLVFKDSWHUGHVFULEHVWKHURXWHUVHWWLQJVIRUDGPLQLVWHULQJDQGPDLQWDLQLQJ\RXUURXWHUDQGKRPHQHWZRUN)RULQIRUPDWLRQDERXWXSJUDGLQJRUFKHFNLQJWKHVWDWXVRI\RXUURXWHURYHUWKH,QWHUQHWVHHDOVR5HPRWH0DQDJHPHQWRQSDJH )RULQIRUPDWLRQDERXWPRQLWRULQJWKHYROXPHRI,QWHUQHWWUDIILFSDVVLQJWKURXJK\RXUURXWHU¶V,QWHUQHWSRUWVHH7UDIILF0HWHURQSDJH 7KLVFKDSWHULQFOXGHVWKHIROORZLQJVHFWLRQV8SJUDGHWKH5RXWHU)LUPZDUH9LHZ5RXWHU6WDWXV9LHZ/RJVRI:HE$FFHVVRU$WWHPSWHG:HE$FFHVV0DQDJHWKH&RQILJXUDWLRQ)LOH6HW3DVVZRUG
$GPLQLVWUDWLRQ13HUVRQDO5RXWHU358SJUDGHWKH5RXWHU)LUPZDUH7KHURXWHUILUPZDUHURXWLQJVRIWZDUHLVVWRUHGLQIODVKPHPRU\<RXFDQXSGDWHWKHILUPZDUHIURPWKH$GPLQLVWUDWLRQPHQXRQWKH$GYDQFHGWDE<RXPLJKWVHHDPHVVDJHDWWKHWRSRIWKHJHQLHVFUHHQVZKHQQHZILUPZDUHLVDYDLODEOHIRU\RXUSURGXFW<RXFDQXVHWKH&KHFNEXWWRQRQWKH5RXWHU8SJUDGHVFUHHQWRFKHFNDQGXSGDWHWRWKHODWHVWILUPZDUHIRU\RXUSURGXFWLIQHZILUPZDUHLVDYDLODEOH¾7RFKHFNIRUQHZILUPZDUHDQGXSGDWH\RXUURXWHU 6HOHFW$GYDQFHG!$GPLQLVWUDWLRQ!5RXWHU8SGDWHWRGLVSOD\WKHIROORZLQJVFUHHQ&OLFN&KHFNSODFHKROGHU &OLFN&KHFN7KHURXWHUILQGVQHZILUPZDUHLIDQ\LVDYDLODEOH &OLFN<HVWRXSGDWHDQGORFDWHWKHILUPZDUH\RXGRZQORDGHGWKHILOHHQGVLQLPJ:$51,1*:KHQXSORDGLQJILUPZDUHWRWKHURXWHUGRQRWLQWHUUXSWWKHZHEEURZVHUE\FORVLQJWKHZLQGRZFOLFNLQJDOLQNRUORDGLQJDQHZSDJH,IWKHEURZVHULVLQWHUUXSWHGLWFRXOGFRUUXSWWKHILUPZDUH:KHQWKHXSORDGLVFRPSOHWH\RXUURXWHUUHVWDUWV7KHXSJUDGHSURFHVVW\SLFDOO\WDNHVDERXWPLQXWH5HDGWKHQHZILUPZDUHUHOHDVHQRWHVWRGHWHUPLQHZKHWKHU\RXQHHGWRUHFRQILJXUHWKHURXWHUDIWHUXSJUDGLQJ
$GPLQLVWUDWLRQ13HUVRQDO5RXWHU359LHZ5RXWHU6WDWXV7RYLHZURXWHUVWDWXVDQGXVDJHLQIRUPDWLRQVHOHFW$GYDQFHG+RPHRUVHOHFW$GPLQLVWUDWLRQ!5RXWHU6WDWXVWRGLVSOD\WKHIROORZLQJVFUHHQSODFHKROGHU5RXWHU,QIRUPDWLRQ+DUGZDUH9HUVLRQ7KHURXWHUPRGHO)LUPZDUH9HUVLRQ7KHYHUVLRQRIWKHURXWHUILUPZDUH,WFKDQJHVLI\RXXSJUDGHWKHURXWHUILUPZDUH*8,/DQJXDJH9HUVLRQ7KHORFDOL]HGODQJXDJHRIWKHXVHULQWHUIDFH/$13RUW0$&$GGUHVV7KH0HGLD$FFHVV&RQWURODGGUHVVLVWKHXQLTXHSK\VLFDODGGUHVVXVHGE\WKH(WKHUQHW/$1SRUWRIWKHURXWHU,3$GGUHVV7KH,3DGGUHVVXVHGE\WKH(WKHUQHW/$1SRUWRIWKHURXWHU7KHGHIDXOWLV'+&3,GHQWLILHVZKHWKHUWKHURXWHU¶VEXLOWLQ'+&3VHUYHULVDFWLYHIRUWKH/$1DWWDFKHGGHYLFHV,QWHUQHW3RUW0$&$GGUHVV7KH0HGLD$FFHVV&RQWURODGGUHVVLVWKHXQLTXHSK\VLFDODGGUHVVXVHGE\WKH,QWHUQHW:$1SRUWRIWKHURXWHU
$GPLQLVWUDWLRQ13HUVRQDO5RXWHU35,3$GGUHVV7KH,3DGGUHVVXVHGE\WKH,QWHUQHW:$1SRUWRIWKHURXWHU,IQRDGGUHVVLVVKRZQRUWKHDGGUHVVLVWKHURXWHUFDQQRWFRQQHFWWRWKH,QWHUQHW&RQQHFWLRQ7KLVVKRZVLIWKHURXWHULVXVLQJDIL[HG,3DGGUHVVRQWKH:$1,IWKHYDOXHLV'+&3&OLHQWWKHURXWHUREWDLQVDQ,3DGGUHVVG\QDPLFDOO\IURPWKH,63,36XEQHW0DVN7KH,3VXEQHWPDVNXVHGE\WKH,QWHUQHW:$1SRUWRIWKHURXWHU'RPDLQ1DPH6HUYHU7KH'RPDLQ1DPH6HUYHUDGGUHVVHVXVHGE\WKHURXWHU$'RPDLQ1DPH6HUYHUWUDQVODWHVKXPDQODQJXDJH85/VVXFKDVZZZQHWJHDUFRPLQWR,3DGGUHVVHV6KRZ6WDWLVWLFV%XWWRQ2QWKH5RXWHU6WDWXVVFUHHQLQWKH,QWHUQHW3RUWSDQHFOLFNWKH6KRZ6WDWLVWLFVEXWWRQWRGLVSOD\WKHIROORZLQJVFUHHQSODFHKROGHU)LJXUH6\VWHPXSWLPHDQGSROOLQWHUYDOVWDWLVWLFV6\VWHP8S7LPH7KHWLPHHODSVHGVLQFHWKHURXWHUZDVODVWUHVWDUWHG3RUW7KHVWDWLVWLFVIRUWKH:$1,QWHUQHWDQG/$1(WKHUQHWSRUWV)RUHDFKSRUWWKHVFUHHQGLVSOD\V6WDWXV7KHOLQNVWDWXVRIWKHSRUW7[3NWV7KHQXPEHURISDFNHWVWUDQVPLWWHGRQWKLVSRUWVLQFHUHVHWRUPDQXDOFOHDU5[3NWV7KHQXPEHURISDFNHWVUHFHLYHGRQWKLVSRUWVLQFHUHVHWRUPDQXDOFOHDU&ROOLVLRQV7KHQXPEHURIFROOLVLRQVRQWKLVSRUWVLQFHUHVHWRUPDQXDOFOHDU7[%V7KHFXUUHQWWUDQVPLVVLRQRXWERXQGEDQGZLGWKXVHGRQWKH:$1DQG/$1SRUWV5[%V7KHFXUUHQWUHFHSWLRQLQERXQGEDQGZLGWKXVHGRQWKH:$1DQG/$1SRUWV8S7LPH7KHWLPHHODSVHGVLQFHWKLVSRUWDFTXLUHGWKHOLQN3ROO,QWHUYDO7KHLQWHUYDODWZKLFKWKHVWDWLVWLFVDUHXSGDWHGLQWKLVVFUHHQ7RFKDQJHWKHSROOLQJIUHTXHQF\HQWHUDWLPHLQVHFRQGVLQWKH3ROO,QWHUYDOILHOGDQGFOLFN6HW,QWHUYDO7RVWRSWKHSROOLQJHQWLUHO\FOLFN6WRS
$GPLQLVWUDWLRQ13HUVRQDO5RXWHU35&RQQHFWLRQ6WDWXV%XWWRQ2QWKH5RXWHU6WDWXVVFUHHQLQWKH,QWHUQHW&RQQHFWLRQSDQHFOLFNWKH&RQQHFWLRQ6WDWXVEXWWRQWRYLHZFRQQHFWLRQVWDWXVLQIRUPDWLRQSODFHKROGHU)LJXUH9LHZFRQQHFWLRQVWDWXVLQIRUPDWLRQ7KH5HOHDVHEXWWRQUHWXUQVWKHVWDWXVRIDOOLWHPVWR7KH5HQHZEXWWRQUHIUHVKHVWKHLWHPV7KH&ORVH:LQGRZEXWWRQFORVHVWKH&RQQHFWLRQ6WDWXVVFUHHQ,3$GGUHVV7KH,3DGGUHVVWKDWLVDVVLJQHGWRWKHURXWHU6XEQHW0DVN7KHVXEQHWPDVNWKDWLVDVVLJQHGWRWKHURXWHU'HIDXOW*DWHZD\7KH,3DGGUHVVIRUWKHGHIDXOWJDWHZD\WKDWWKHURXWHUFRPPXQLFDWHVZLWK'+&36HUYHU7KH,3DGGUHVVIRUWKH'\QDPLF+RVW&RQILJXUDWLRQ3URWRFROVHUYHUWKDWSURYLGHVWKH7&3,3FRQILJXUDWLRQIRUDOOWKHFRPSXWHUVWKDWDUHFRQQHFWHGWRWKHURXWHU'166HUYHU7KH,3DGGUHVVRIWKH'RPDLQ1DPH6HUYLFHVHUYHUWKDWSURYLGHVWUDQVODWLRQRIQHWZRUNQDPHVWR,3DGGUHVVHV/HDVH2EWDLQHG7KHGDWHDQGWLPHZKHQWKHOHDVHZDVREWDLQHG/HDVH([SLUHV7KHGDWHDQGWLPHWKDWWKHOHDVHH[SLUHV
$GPLQLVWUDWLRQ13HUVRQDO5RXWHU35:LUHOHVV6HWWLQJV*+]DQG*+]SODFHKROGHU7KHIROORZLQJVHWWLQJVDUHGLVSOD\HG1DPH66,'7KHZLUHOHVVQHWZRUNQDPH66,'XVHGE\WKHURXWHU7KHGHIDXOWQDPHVIRUWKH*+]QHWZRUNHQGVLQ*WRGLVWLQJXLVKLWIURPWKH*+]QHWZRUN5HJLRQ7KHJHRJUDSKLFUHJLRQZKHUHWKHURXWHULVEHLQJXVHG,WPLJKWEHLOOHJDOWRXVHWKHZLUHOHVVIHDWXUHVRIWKHURXWHULQVRPHSDUWVRIWKHZRUOG&KDQQHO,GHQWLILHVWKHRSHUDWLQJFKDQQHORIWKHZLUHOHVVSRUWEHLQJXVHG7KHGHIDXOWFKDQQHOLV$XWR:KHQ$XWRLVVHOHFWHGWKHURXWHUILQGVWKHEHVWRSHUDWLQJFKDQQHODYDLODEOH,I\RXQRWLFHLQWHUIHUHQFHIURPQHDUE\GHYLFHV\RXFDQVHOHFWDGLIIHUHQWFKDQQHO&KDQQHOVDQGGRQRWLQWHUIHUHZLWKHDFKRWKHU0RGH,QGLFDWHVWKHZLUHOHVVFRPPXQLFDWLRQPRGH8SWR0ESV8SWR0ESVGHIDXOWDQG8SWR0ESV:LUHOHVV$3,QGLFDWHVZKHWKHUWKHUDGLRIHDWXUHRIWKHURXWHULVHQDEOHG,IWKLVIHDWXUHLVQRWHQDEOHGWKH:LUHOHVV/('RQWKHIURQWSDQHOLVRII%URDGFDVW1DPH,QGLFDWHVZKHWKHUWKHURXWHULVEURDGFDVWLQJLWV66,':LUHOHVV,VRODWLRQ6HOHFWWKLVFKHFNER[RQO\LI\RXZDQWWRSUHYHQWZLUHOHVVFRQQHFWLRQVWRWKHURXWHU:L)L3URWHFWHG6HWXS,QGLFDWHVZKHWKHU:L)L3URWHFWHG6HWXSLVFRQILJXUHGIRUWKLVQHWZRUN
$GPLQLVWUDWLRQ13HUVRQDO5RXWHU35*XHVW1HWZRUN*+]DQG*+]SODFHKROGHU1DPH66,'7KH1ZLUHOHVVQHWZRUNQDPH66,'XVHGE\WKHURXWHU7KHGHIDXOWQDPHVDUH1(7*($5*XHVWDQG1(7*($5**XHVW:LUHOHVV$3,QGLFDWHVZKHWKHUWKHUDGLRIHDWXUHRIWKHURXWHULVHQDEOHG,IWKLVIHDWXUHLVQRWHQDEOHGWKH:LUHOHVV/('VRQWKHIURQWSDQHODUHRII%URDGFDVW1DPH,QGLFDWHVZKHWKHUWKHURXWHULVEURDGFDVWLQJLWV66,':LUHOHVV,VRODWLRQ6HOHFWWKLVFKHFNER[RQO\LI\RXZDQWWRSUHYHQWZLUHOHVVFRQQHFWLRQVWRWKHURXWHU$OORZJXHVWWRDFFHVV0\/RFDO1HWZRUN,IVHOHFWHGDQ\XVHUZKRFRQQHFWVWRWKLV66,'FDQDFFHVVORFDOQHWZRUNVDVVRFLDWHGZLWKWKHURXWHU9LHZ/RJVRI:HE$FFHVVRU$WWHPSWHG:HE$FFHVV7KHORJLVDGHWDLOHGUHFRUGRIWKHZHEVLWHV\RXDFFHVVHGRUDWWHPSWHGWRDFFHVV8SWR HQWULHVDUHVWRUHGLQWKHORJ/RJHQWULHVDSSHDURQO\ZKHQNH\ZRUGEORFNLQJLVHQDEOHGDQGQRORJHQWULHVDUHPDGHIRUWKHWUXVWHGXVHU
$GPLQLVWUDWLRQ13HUVRQDO5RXWHU356HOHFW$GYDQFHG!$GPLQLVWUDWLRQ!/RJV7KH/RJVVFUHHQGLVSOD\VSODFHKROGHU7KHORJVFUHHQVKRZVWKHIROORZLQJLQIRUPDWLRQ'DWHDQGWLPH7KHGDWHDQGWLPHWKHORJHQWU\ZDVUHFRUGHG6RXUFH,3DGGUHVV7KH,3DGGUHVVRIWKHLQLWLDWLQJGHYLFHIRUWKLVORJHQWU\7DUJHWDGGUHVV7KHQDPHRU,3DGGUHVVRIWKHZHEVLWHRUQHZVJURXSYLVLWHGRUWRZKLFKDFFHVVZDVDWWHPSWHG$FWLRQ:KHWKHUWKHDFFHVVZDVEORFNHGRUDOORZHG7RUHIUHVKWKHORJVFUHHQFOLFNWKH5HIUHVKEXWWRQ7RFOHDUWKHORJHQWULHVFOLFNWKH&OHDU/RJEXWWRQ7RHPDLOWKHORJLPPHGLDWHO\FOLFNWKH6HQG/RJEXWWRQ0DQDJHWKH&RQILJXUDWLRQ)LOH7KHFRQILJXUDWLRQVHWWLQJVRIWKH13HUVRQDO5RXWHUDUHVWRUHGZLWKLQWKHURXWHULQDFRQILJXUDWLRQILOH<RXFDQEDFNXSVDYHWKLVILOHWR\RXUFRPSXWHUUHVWRUHLWRUUHVHWLWWRWKHIDFWRU\GHIDXOWVHWWLQJV
$GPLQLVWUDWLRQ13HUVRQDO5RXWHU35%DFN8S6HWWLQJV¾7REDFNXSWKHURXWHU¶VFRQILJXUDWLRQVHWWLQJV 6HOHFW$GYDQFHG!$GPLQLVWUDWLRQ!%DFN8S6HWWLQJVWRGLVSOD\WKHIROORZLQJVFUHHQSODFHKROGHU &OLFN%DFN8SWRVDYHDFRS\RIWKHFXUUHQWVHWWLQJV &KRRVHDORFDWLRQWRVWRUHWKHFIJILOHWKDWLVRQDFRPSXWHURQ\RXUQHWZRUN5HVWRUH&RQILJXUDWLRQ6HWWLQJV¾7RUHVWRUHFRQILJXUDWLRQVHWWLQJVWKDW\RXEDFNHGXS (QWHUWKHIXOOSDWKWRWKHILOHRQ\RXUQHWZRUNRUFOLFNWKH%URZVHEXWWRQWRILQGWKHILOH :KHQ\RXKDYHORFDWHGWKHFIJILOHFOLFNWKH5HVWRUHEXWWRQWRXSORDGWKHILOHWRWKHURXWHU8SRQFRPSOHWLRQWKHURXWHUUHERRWV:$51,1*'RQRWLQWHUUXSWWKHUHERRWSURFHVV(UDVH8QGHUVRPHFLUFXPVWDQFHVIRUH[DPSOHLI\RXPRYHWKHURXWHUWRDGLIIHUHQWQHWZRUNRULI\RXKDYHIRUJRWWHQWKHSDVVZRUG\RXPLJKWZDQWWRHUDVHWKHFRQILJXUDWLRQDQGUHVWRUHWKHIDFWRU\GHIDXOWVHWWLQJV<RXFDQHLWKHUXVHWKH5HVWRUH)DFWRU\6HWWLQJVEXWWRQRQWKHEDFNRIWKHURXWHUVHH)DFWRU\6HWWLQJVRQSDJH RU\RXFDQFOLFNWKH(UDVHEXWWRQLQWKLVVFUHHQ
$GPLQLVWUDWLRQ13HUVRQDO5RXWHU35(UDVHVHWVWKHXVHUQDPHWRDGPLQWKHSDVVZRUGWRSDVVZRUGDQGWKH/$1,3DGGUHVVWRDQGHQDEOHVWKHURXWHU¶V'+&36HW3DVVZRUG7KLVIHDWXUHDOORZV\RXWRFKDQJHWKHGHIDXOWSDVVZRUGWKDWLVXVHGWRORJLQWRWKHURXWHUZLWKWKHXVHUQDPHDGPLQ7KLVLVQRWWKHVDPHDVFKDQJLQJWKHSDVVZRUGIRUZLUHOHVVDFFHVV7KHODEHORQWKHERWWRPRI\RXUURXWHUVKRZV\RXUXQLTXHZLUHOHVVQHWZRUNQDPH66,'DQGSDVVZRUGIRUZLUHOHVVDFFHVVVHH3URGXFW/DEHORQSDJH ¾7RVHWWKHSDVVZRUGIRUWKHXVHUQDPHDGPLQ 6HOHFW$GYDQFHG!$GPLQLVWUDWLRQ!6HW3DVVZRUGWRGLVSOD\WKHIROORZLQJVFUHHQSODFHKROGHU 7\SHWKHROGSDVVZRUGDQGW\SHWKHQHZSDVVZRUGWZLFHLQWKHILHOGVRQWKLVVFUHHQ ,I\RXZDQWWREHDEOHWRUHFRYHUWKHSDVVZRUGVHOHFWWKH(QDEOH3DVVZRUG5HFRYHU\FKHFNER[ &OLFN$SSO\VRWKDW\RXUFKDQJHVWDNHHIIHFW3DVVZRUG5HFRYHU\1(7*($5UHFRPPHQGVWKDW\RXHQDEOHSDVVZRUGUHFRYHU\LI\RXFKDQJHWKHSDVVZRUGIRUWKHURXWHU¶VXVHUQDPHRIDGPLQ<RXWKHQKDYHDQHDV\ZD\WRUHFRYHUWKHSDVVZRUGLILWLVIRUJRWWHQ7KLVUHFRYHU\SURFHVVLVVXSSRUWHGLQ,QWHUQHW([SORUHU)LUHIR[DQG&KURPHEURZVHUVEXWQRWLQWKH6DIDULEURZVHU¾7RVHWXSSDVVZRUGUHFRYHU\ 6HOHFWWKH(QDEOH3DVVZRUG5HFRYHU\FKHFNER[ 6HOHFWWZRVHFXULW\TXHVWLRQVDQGSURYLGHDQVZHUVWRWKHP
$GPLQLVWUDWLRQ13HUVRQDO5RXWHU35 &OLFN$SSO\WRVDYH\RXUFKDQJHV:KHQ\RXXVH\RXUEURZVHUWRDFFHVVWKHURXWHUWKHORJLQZLQGRZGLVSOD\V,ISDVVZRUGUHFRYHU\LVHQDEOHGZKHQ\RXFOLFN&DQFHOWKHSDVVZRUGUHFRYHU\SURFHVVVWDUWV<RXFDQWKHQHQWHUWKHVDYHGDQVZHUVWRWKHVHFXULW\TXHVWLRQVWRUHFRYHUWKHSDVVZRUG
$GYDQFHG6HWWLQJV)LQHWXQLQJ\RXUQHWZRUN7KLVFKDSWHUGHVFULEHVWKHDGYDQFHGIHDWXUHVRI\RXUURXWHU7KLVLQIRUPDWLRQLVIRUXVHUVZLWKDVROLGXQGHUVWDQGLQJRIQHWZRUNLQJFRQFHSWVZKRZDQWWRVHWXSWKHURXWHUIRUXQLTXHVLWXDWLRQVVXFKDVUHPRWHDFFHVVIURPWKH,QWHUQHWE\,3RUGRPDLQQDPH7KLVFKDSWHULQFOXGHVWKHIROORZLQJVHFWLRQV$GYDQFHG:LUHOHVV6HWWLQJV:LUHOHVV5HSHDWLQJ)XQFWLRQ:'63RUW)RUZDUGLQJDQG3RUW7ULJJHULQJ6HW8S3RUW)RUZDUGLQJWR/RFDO6HUYHUV6HW8S3RUW7ULJJHULQJ'\QDPLF'166WDWLF5RXWHV5HPRWH0DQDJHPHQW86%6HWWLQJV8QLYHUVDO3OXJDQG3OD\,3Y7UDIILF0HWHU
$GYDQFHG6HWWLQJV13HUVRQDO5RXWHU35$GYDQFHG:LUHOHVV6HWWLQJV6HOHFW$GYDQFHG!$GYDQFHG6HWXS!:LUHOHVV6HWWLQJVWRGLVSOD\WKHIROORZLQJVFUHHQ6FUROOWRYLHZPRUHVHWWLQJVSODFHKROGHU7KHIROORZLQJVHWWLQJVDUHDYDLODEOHLQWKLVVFUHHQIRUWKH*+]DQG*+]EDQGV(QDEOH:LUHOHVV5RXWHU5DGLR<RXFDQFRPSOHWHO\WXUQRIIWKHZLUHOHVVSRUWLRQRIWKHZLUHOHVVURXWHUE\FOHDULQJWKLVFKHFNER[6HOHFWWKLVFKHFNER[DJDLQWRHQDEOHWKHZLUHOHVVSRUWLRQRIWKHURXWHU:KHQWKHZLUHOHVVUDGLRLVGLVDEOHGRWKHUPHPEHUVRI\RXUKRXVHKROGFDQXVHWKHURXWHUE\FRQQHFWLQJWKHLUFRPSXWHUVWRWKHURXWHUZLWKDQ(WKHUQHWFDEOH(QDEOH0+]&RH[LVWHQFH7KLVDSSOLHVRQO\WRWKH*+]EDQG7KH0+]FRH[LVWHQFHIXQFWLRQLVHQDEOHGE\GHIDXOWZKHQWKHZLUHOHVVPRGHLVVHWWR8SWRPESV0+=ZKLFKLVUHTXLUHGIRU:L)LFHUWLILFDWLRQ7KLVFKHFNER[LVJUD\HGRXWLIWKHZLUHOHVVPRGHLVVHWWR8SWR0ESV7KHURXWHUFDQUXQLQHLWKHU0+]PRGHRU0+]PRGHZKHQWKHZLUHOHVVPRGHLVVHWWR8SWR0ESV:KHQWKH(QDEOH0+]&RH[LVWHQFHFKHFNER[LVVHOHFWHGWKHURXWHUUXQVLQ0+]PRGHXQOHVVWKHUHLVDQRWKHUQHDUE\:L)LQHWZRUNLQWKHDUHDDOUHDG\UXQQLQJLQ0+]PRGHRUWKHUHLVDZLUHOHVVDFFHVVSRLQWRQWKHVHFRQGDU\FKDQQHO,IWKDWKDSSHQVWKHURXWHUUXQVLQ0+]PRGHWRFRH[LVWZLWKWKDWQHWZRUN,I\RXZDQWWKHURXWHUWRDOZD\VUXQLQ0+]PRGHFOHDUWKLVFKHFNER[DQGFOLFN$SSO\1RWH 7KH)UDJPHQWDWLRQ/HQJWK&765767KUHVKROGDQG3UHDPEOH0RGHRSWLRQVDUHUHVHUYHGIRUZLUHOHVVWHVWLQJDQGDGYDQFHGFRQILJXUDWLRQRQO\'RQRWFKDQJHWKHVHVHWWLQJV7XUQRIIZLUHOHVVVLJQDOE\VFKHGXOH<RXFDQXVHWKLVIHDWXUHWRWXUQRIIWKHZLUHOHVVVLJQDOIURP\RXUURXWHUDWWLPHVZKHQ\RXGRQRWQHHGDZLUHOHVVFRQQHFWLRQ)RUH[DPSOH\RXFRXOGWXUQLWRIIIRUWKHZHHNHQGLI\RXOHDYHWRZQ:366HWWLQJV<RXFDQDGG:36GHYLFHVWR\RXUQHWZRUN
$GYDQFHG6HWWLQJV13HUVRQDO5RXWHU35$30RGH<RXFDQPDNHWKH35IXQFWLRQDVDQDFFHVVSRLQW:LUHOHVV&DUG$FFHVV/LVW&OLFNWKH6HW8S$FFHVV/LVWEXWWRQWRGLVSOD\WKH:LUHOHVV&DUG$FFHVV/LVWVFUHHQ2QWKLVVFUHHQ\RXFDQUHVWULFWDFFHVVWR\RXUQHWZRUNWRVSHFLILFGHYLFHVEDVHGRQWKHLU0$&DGGUHVV:LUHOHVV5HSHDWLQJ)XQFWLRQ:'6<RXFDQVHWWKH13HUVRQDO5RXWHUXSWREHXVHGDVDZLUHOHVVDFFHVVSRLQW$37KLVHQDEOHVWKHURXWHUWRDFWDVDZLUHOHVVUHSHDWHU$ZLUHOHVVUHSHDWHUFRQQHFWVWRDQRWKHUZLUHOHVVURXWHUDVDFOLHQWZKHUHWKHQHWZRUNWRZKLFKLWFRQQHFWVEHFRPHVWKH,63VHUYLFH:LUHOHVVUHSHDWLQJLVDW\SHRI:LUHOHVV'LVWULEXWLRQ6\VWHP:'6$:'6DOORZVDZLUHOHVVQHWZRUNWREHH[SDQGHGWKURXJKPXOWLSOHDFFHVVSRLQWVLQVWHDGRIXVLQJDZLUHGEDFNERQHWROLQNWKHP7KHIROORZLQJILJXUHVKRZVDZLUHOHVVUHSHDWLQJVFHQDULRNETGEARNETGEARPR2000PowerInternetWiFiUSBWiredPower OffWireles5HSHDWHU%DVHVWDWLRQDFFHVVSRLQWDFFHVVSRLQWSODFHKROGHU)LJXUH:LUHOHVVUHSHDWLQJVFHQDULR1RWH ,I\RXXVHWKHZLUHOHVVUHSHDWLQJIXQFWLRQ\RXQHHGWRVHOHFWHLWKHU:(3RU1RQHDVDVHFXULW\RSWLRQLQWKH:LUHOHVV6HWXSVFUHHQ7KH:(3RSWLRQGLVSOD\VRQO\LI\RXVHOHFWWKHZLUHOHVVPRGH8SWR0ESVLQWKH:LUHOHVV6HWXSVFUHHQ:LUHOHVVEDVHVWDWLRQ7KHURXWHUDFWVDVWKHSDUHQWDFFHVVSRLQWEULGJLQJWUDIILFWRDQGIURPWKHFKLOGUHSHDWHUDFFHVVSRLQWDVZHOODVKDQGOLQJZLUHOHVVDQGZLUHGORFDOFRPSXWHUV7RFRQILJXUHWKLVPRGH\RXKDYHWRNQRZWKH0$&DGGUHVVHVRIWKHFKLOGUHSHDWHUDFFHVVSRLQW
$GYDQFHG6HWWLQJV13HUVRQDO5RXWHU35:LUHOHVVUHSHDWHU7KHURXWHUVHQGVDOOWUDIILFIURPLWVORFDOZLUHOHVVRUZLUHGFRPSXWHUVWRDUHPRWHDFFHVVSRLQW7RFRQILJXUHWKLVPRGH\RXKDYHWRNQRZWKH0$&DGGUHVVRIWKHUHPRWHSDUHQWDFFHVVSRLQW7KH35URXWHULVDOZD\VLQGXDOEDQGFRQFXUUHQWPRGHXQOHVV\RXWXUQRIIRQHUDGLR,I\RXHQDEOHWKHZLUHOHVVUHSHDWHULQHLWKHUUDGLREDQGWKHZLUHOHVVEDVHVWDWLRQRUZLUHOHVVUHSHDWHUFDQQRWEHHQDEOHGLQWKHRWKHUUDGLREDQG+RZHYHULI\RXHQDEOHWKHZLUHOHVVEDVHVWDWLRQLQHLWKHUUDGLREDQGDQGXVHWKHRWKHUUDGLREDQGDVDZLUHOHVVURXWHURUZLUHOHVVEDVHVWDWLRQGXDOEDQGFRQFXUUHQWPRGHLVQRWDIIHFWHG7RVHWXSDZLUHOHVVQHWZRUNZLWK:'6WKHIROORZLQJFRQGLWLRQVKDYHWREHPHWIRUERWKDFFHVVSRLQWV%RWKDFFHVVSRLQWVKDYHWRXVHWKHVDPH66,'ZLUHOHVVFKDQQHODQGHQFU\SWLRQPRGH%RWKDFFHVVSRLQWVKDYHWREHRQWKHVDPH/$1,3VXEQHW7KDWLVDOOWKHDFFHVVSRLQW/$1,3DGGUHVVHVDUHLQWKHVDPHQHWZRUN$OO/$1GHYLFHVZLUHGDQGZLUHOHVVFRPSXWHUVKDYHWREHFRQILJXUHGWRRSHUDWHLQWKHVDPH/$1QHWZRUNDGGUHVVUDQJHDVWKHDFFHVVSRLQWV:LUHOHVV5HSHDWLQJ)XQFWLRQ6HOHFW$GYDQFHG!$GYDQFHG6HWXS!:LUHOHVV5HSHDWLQJWRYLHZRUFKDQJHZLUHOHVVUHSHDWHUVHWWLQJVIRUWKHURXWHU6FUROOWRYLHZPRUHVHWWLQJVSODFHKROGHU(QDEOH:LUHOHVV5HSHDWLQJ)XQFWLRQ6HOHFWWKHFKHFNER[IRUWKH*+]RU*+]QHWZRUNWRXVHWKHZLUHOHVVUHSHDWLQJIXQFWLRQ:LUHOHVV0$&RIWKLVURXWHU7KLVILHOGGLVSOD\VWKH0$&DGGUHVVIRU\RXUURXWHUIRU\RXUUHIHUHQFH(QWHUWKLV0$&DGGUHVVLQWKHFRUUHVSRQGLQJ:LUHOHVV5HSHDWLQJ)XQFWLRQVFUHHQRIWKHRWKHUDFFHVVSRLQW\RXDUHXVLQJ:LUHOHVV5HSHDWHU,I\RXUURXWHULVWKHUHSHDWHUVHOHFWWKLVFKHFNER[
$GYDQFHG6HWWLQJV13HUVRQDO5RXWHU35'LVDEOH:LUHOHVV&OLHQW$VVRFLDWLRQ,I\RXUURXWHULVWKHUHSHDWHUVHOHFWLQJWKLVFKHFNER[PHDQVWKDWZLUHOHVVFOLHQWVFDQQRWDVVRFLDWHZLWKLW2QO\/$1FOLHQWDVVRFLDWLRQVDUHDOORZHG,I\RXDUHVHWWLQJXSDSRLQWWRSRLQWEULGJHVHOHFWWKLVFKHFNER[,I\RXZDQWDOOFOLHQWWUDIILFWRJRWKURXJKWKHRWKHUDFFHVVSRLQWUHSHDWHUZLWKZLUHOHVVFOLHQWDVVRFLDWLRQOHDYHWKLVFKHFNER[FOHDUHG5HSHDWHU,3$GGUHVV,I\RXUURXWHULVWKHUHSHDWHUHQWHUWKH,3DGGUHVVRIWKHRWKHUDFFHVVSRLQW%DVH6WDWLRQ0$&$GGUHVV,I\RXUURXWHULVWKHUHSHDWHUHQWHUWKH0$&DGGUHVVIRUWKHDFFHVVSRLQWWKDWLVWKHEDVHVWDWLRQ:LUHOHVV%DVH6WDWLRQ,I\RXUURXWHULVWKHEDVHVWDWLRQVHOHFWWKLVFKHFNER['LVDEOH:LUHOHVV&OLHQW$VVRFLDWLRQ,I\RXUURXWHULVWKHEDVHVWDWLRQVHOHFWLQJWKLVFKHFNER[PHDQVWKDWZLUHOHVVFOLHQWVFDQQRWDVVRFLDWHZLWKLW2QO\/$1FOLHQWDVVRFLDWLRQVDUHDOORZHG5HSHDWHU0$&$GGUHVVWKURXJK,I\RXUURXWHULVWKHEDVHVWDWLRQLWFDQDFWDVWKH³SDUHQW´RIXSWRIRXURWKHUDFFHVVSRLQWV(QWHUWKH0$&DGGUHVVHVRIWKHRWKHUDFFHVVSRLQWVLQWKHVHILHOGV6HW8SWKH%DVH6WDWLRQ7KHZLUHOHVVUHSHDWLQJIXQFWLRQZRUNVRQO\LQKXEDQGVSRNHPRGH7KHXQLWVFDQQRWEHGDLV\FKDLQHG<RXKDYHWRNQRZWKHZLUHOHVVVHWWLQJVIRUERWKXQLWV<RXKDYHWRNQRZWKH0$&DGGUHVVRIWKHUHPRWHXQLW)LUVWVHWXSWKHEDVHVWDWLRQDQGWKHQVHWXSWKHUHSHDWHU¾7RVHWXSWKHEDVHVWDWLRQ 6HWXSERWKXQLWVZLWKWKHVDPHZLUHOHVVVHWWLQJV66,'PRGHFKDQQHODQGVHFXULW\1RWHWKDWWKHZLUHOHVVVHFXULW\RSWLRQKDVWREHVHWWR1RQHRU:(3
$GYDQFHG6HWWLQJV13HUVRQDO5RXWHU35 6HOHFW$GYDQFHG!$GYDQFHG6HWXS!:LUHOHVV5HSHDWLQJ)XQFWLRQWRGLVSOD\WKH:LUHOHVV5HSHDWLQJ)XQFWLRQVFUHHQ6FUROOWRYLHZPRUHVHWWLQJVSODFHKROGHU )RUWKHIUHTXHQF\\RXZDQWWRXVH*+]RU*+]VHOHFWWKH(QDEOH:LUHOHVV5HSHDWLQJ)XQFWLRQFKHFNER[DQGVHOHFWWKH:LUHOHVV%DVH6WDWLRQUDGLREXWWRQ (QWHUWKH0$&DGGUHVVIRURQHRUPRUHUHSHDWHUXQLWV &OLFN$SSO\WRVDYH\RXUFKDQJHV6HW8SD5HSHDWHU8QLW8VHDZLUHG(WKHUQHWFRQQHFWLRQWRVHWXSWKHUHSHDWHUXQLWWRDYRLGFRQIOLFWVZLWKWKHZLUHOHVVFRQQHFWLRQWRWKHEDVHVWDWLRQ1RWH ,I\RXDUHXVLQJWKH35EDVHVWDWLRQZLWKDQRQ1(7*($5URXWHUDVWKHUHSHDWHU\RXPLJKWQHHGWRFKDQJHPRUHFRQILJXUDWLRQVHWWLQJV,QSDUWLFXODU\RXVKRXOGGLVDEOHWKH'+&3VHUYHUIXQFWLRQRQWKHZLUHOHVVUHSHDWHU$3¾7RFRQILJXUHWKHURXWHUDVDUHSHDWHUXQLW /RJLQWRWKHURXWHUWKDWZLOOEHWKHUHSHDWHU6HOHFW%DVLF!:LUHOHVV6HWWLQJVDQGYHULI\WKDWWKHZLUHOHVVVHWWLQJVPDWFKWKHEDVHXQLWH[DFWO\7KHZLUHOHVVVHFXULW\RSWLRQKDVWREHVHWWR:(3RU1RQH 6HOHFW$GYDQFHG!:LUHOHVV5HSHDWLQJ)XQFWLRQDQGVHOHFWWKH(QDEOH:LUHOHVV5HSHDWLQJ)XQFWLRQFKHFNER[IRUWKHIUHTXHQF\\RXZDQWDQGWKH:LUHOHVV5HSHDWHUUDGLREXWWRQ )LOOLQWKH5HSHDWHU,3$GGUHVVILHOG7KLV,3DGGUHVVKDVWREHLQWKHVDPHVXEQHWDVWKHEDVHVWDWLRQEXWGLIIHUHQWIURPWKH/$1,3RIWKHEDVHVWDWLRQ &OLFN$SSO\WRVDYH\RXUFKDQJHV
$GYDQFHG6HWWLQJV13HUVRQDO5RXWHU35 9HULI\FRQQHFWLYLW\DFURVVWKH/$1V$FRPSXWHURQDQ\ZLUHOHVVRUZLUHG/$1VHJPHQWRIWKHURXWHUFRQQHFWVWRWKH,QWHUQHWRUVKDUHILOHVDQGSULQWHUVZLWKDQ\RWKHUZLUHOHVVRUZLUHGFRPSXWHURUVHUYHUFRQQHFWHGWRWKHRWKHUDFFHVVSRLQW3RUW)RUZDUGLQJDQG3RUW7ULJJHULQJ%\GHIDXOWWKHURXWHUEORFNVLQERXQGWUDIILFIURPWKH,QWHUQHWWR\RXUFRPSXWHUVH[FHSWUHSOLHVWR\RXURXWERXQGWUDIILF<RXPLJKWQHHGWRFUHDWHH[FHSWLRQVWRWKLVUXOHIRUWKHVHSXUSRVHV7RDOORZUHPRWHFRPSXWHUVRQWKH,QWHUQHWWRDFFHVVDVHUYHURQ\RXUORFDOQHWZRUN7RDOORZFHUWDLQDSSOLFDWLRQVDQGJDPHVWRZRUNFRUUHFWO\ZKHQWKHLUUHSOLHVDUHQRWUHFRJQL]HGE\\RXUURXWHU<RXUURXWHUSURYLGHVWZRIHDWXUHVIRUFUHDWLQJWKHVHH[FHSWLRQVSRUWIRUZDUGLQJDQGSRUWWULJJHULQJ7KHQH[WVHFWLRQVSURYLGHEDFNJURXQGLQIRUPDWLRQWRKHOS\RXXQGHUVWDQGKRZSRUWIRUZDUGLQJDQGSRUWWULJJHULQJZRUNDQGWKHGLIIHUHQFHVEHWZHHQWKHWZR5HPRWH&RPSXWHU$FFHVV%DVLFV:KHQDFRPSXWHURQ\RXUQHWZRUNQHHGVWRDFFHVVDFRPSXWHURQWKH,QWHUQHW\RXUFRPSXWHUVHQGV\RXUURXWHUDPHVVDJHFRQWDLQLQJWKHVRXUFHDQGGHVWLQDWLRQDGGUHVVDQGSURFHVVLQIRUPDWLRQ%HIRUHIRUZDUGLQJ\RXUPHVVDJHWRWKHUHPRWHFRPSXWHU\RXUURXWHUKDVWRPRGLI\WKHVRXUFHLQIRUPDWLRQDQGFUHDWHDQGWUDFNWKHFRPPXQLFDWLRQVHVVLRQVRWKDWUHSOLHVFDQEHURXWHGEDFNWR\RXUFRPSXWHU+HUHLVDQH[DPSOHRIQRUPDORXWERXQGWUDIILFDQGWKHUHVXOWLQJLQERXQGUHVSRQVHV <RXRSHQDEURZVHUDQG\RXURSHUDWLQJV\VWHPDVVLJQVSRUWQXPEHUWRWKLVEURZVHUVHVVLRQ <RXW\SHKWWSZZZH[DPSOHFRPLQWRWKH85/ILHOGDQG\RXUFRPSXWHUFUHDWHVDZHESDJHUHTXHVWPHVVDJHZLWKWKHIROORZLQJDGGUHVVDQGSRUWLQIRUPDWLRQ7KHUHTXHVWPHVVDJHLVVHQWWR\RXUURXWHU6RXUFHDGGUHVV<RXUFRPSXWHU¶V,3DGGUHVV6RXUFHSRUWQXPEHUZKLFKLVWKHEURZVHUVHVVLRQ'HVWLQDWLRQDGGUHVV7KH,3DGGUHVVRIZZZH[DPSOHFRPZKLFK\RXUFRPSXWHUILQGVE\DVNLQJD'16VHUYHU'HVWLQDWLRQSRUWQXPEHUZKLFKLVWKHVWDQGDUGSRUWQXPEHUIRUDZHEVHUYHUSURFHVV <RXUURXWHUFUHDWHVDQHQWU\LQLWVLQWHUQDOVHVVLRQWDEOHGHVFULELQJWKLVFRPPXQLFDWLRQVHVVLRQEHWZHHQ\RXUFRPSXWHUDQGWKHZHEVHUYHUDWZZZH[DPSOHFRP%HIRUHVHQGLQJWKHZHESDJHUHTXHVWPHVVDJHWRZZZH[DPSOHFRP\RXUURXWHUVWRUHVWKHRULJLQDOLQIRUPDWLRQDQGWKHQPRGLILHVWKHVRXUFHLQIRUPDWLRQLQWKHUHTXHVWPHVVDJHSHUIRUPLQJ1HWZRUN$GGUHVV7UDQVODWLRQ1$7
$GYDQFHG6HWWLQJV13HUVRQDO5RXWHU357KHVRXUFHDGGUHVVLVUHSODFHGZLWK\RXUURXWHU¶VSXEOLF,3DGGUHVV7KLVLVQHFHVVDU\EHFDXVH\RXUFRPSXWHUXVHVDSULYDWH,3DGGUHVVWKDWLVQRWJOREDOO\XQLTXHDQGFDQQRWEHXVHGRQWKH,QWHUQHW7KHVRXUFHSRUWQXPEHULVFKDQJHGWRDQXPEHUFKRVHQE\WKHURXWHUVXFKDV7KLVLVQHFHVVDU\EHFDXVHWZRFRPSXWHUVFRXOGLQGHSHQGHQWO\EHXVLQJWKHVDPHVHVVLRQQXPEHU<RXUURXWHUWKHQVHQGVWKLVUHTXHVWPHVVDJHWKURXJKWKH,QWHUQHWWRWKHZHEVHUYHUDWZZZH[DPSOHFRP 7KHZHEVHUYHUDWZZZH[DPSOHFRPFRPSRVHVDUHWXUQPHVVDJHZLWKWKHUHTXHVWHGZHESDJHGDWD7KHUHWXUQPHVVDJHFRQWDLQVWKHIROORZLQJDGGUHVVDQGSRUWLQIRUPDWLRQ7KHZHEVHUYHUWKHQVHQGVWKLVUHSO\PHVVDJHWR\RXUURXWHU6RXUFHDGGUHVV7KH,3DGGUHVVRIZZZH[DPSOHFRP6RXUFHSRUWQXPEHUZKLFKLVWKHVWDQGDUGSRUWQXPEHUIRUDZHEVHUYHUSURFHVV'HVWLQDWLRQDGGUHVV7KHSXEOLF,3DGGUHVVRI\RXUURXWHU'HVWLQDWLRQSRUWQXPEHU 8SRQUHFHLYLQJWKHLQFRPLQJPHVVDJH\RXUURXWHUFKHFNVLWVVHVVLRQWDEOHWRGHWHUPLQHZKHWKHUDQDFWLYHVHVVLRQIRUSRUWQXPEHUH[LVWV)LQGLQJDQDFWLYHVHVVLRQWKHURXWHUWKHQPRGLILHVWKHPHVVDJHWRUHVWRUHWKHRULJLQDODGGUHVVLQIRUPDWLRQUHSODFHGE\1$7<RXUURXWHUVHQGVWKLVUHSO\PHVVDJHWR\RXUFRPSXWHUZKLFKGLVSOD\VWKHZHESDJHIURPZZZH[DPSOHFRP7KHPHVVDJHQRZFRQWDLQVWKHIROORZLQJDGGUHVVDQGSRUWLQIRUPDWLRQ6RXUFHDGGUHVV7KH,3DGGUHVVRIZZZH[DPSOHFRP6RXUFHSRUWQXPEHUZKLFKLVWKHVWDQGDUGSRUWQXPEHUIRUDZHEVHUYHUSURFHVV'HVWLQDWLRQDGGUHVV<RXUFRPSXWHU¶V,3DGGUHVV'HVWLQDWLRQSRUWQXPEHUZKLFKLVWKHEURZVHUVHVVLRQWKDWPDGHWKHLQLWLDOUHTXHVW :KHQ\RXILQLVK\RXUEURZVHUVHVVLRQ\RXUURXWHUHYHQWXDOO\GHWHFWVDSHULRGRILQDFWLYLW\LQWKHFRPPXQLFDWLRQV<RXUURXWHUWKHQUHPRYHVWKHVHVVLRQLQIRUPDWLRQIURPLWVVHVVLRQWDEOHDQGLQFRPLQJWUDIILFLVQRORQJHUDFFHSWHGRQSRUWQXPEHU3RUW7ULJJHULQJWR2SHQ,QFRPLQJ3RUWV,QWKHSUHFHGLQJH[DPSOHUHTXHVWVDUHVHQWWRDUHPRWHFRPSXWHUE\\RXUURXWHUIURPDSDUWLFXODUVHUYLFHSRUWQXPEHUDQGUHSOLHVIURPWKHUHPRWHFRPSXWHUWR\RXUURXWHUDUHGLUHFWHGWRWKDWSRUWQXPEHU,IWKHUHPRWHVHUYHUVHQGVDUHSO\WRDGLIIHUHQWSRUWQXPEHU\RXUURXWHUGRHVQRWUHFRJQL]HLWDQGGLVFDUGVLW+RZHYHUVRPHDSSOLFDWLRQVHUYHUVVXFKDV)73DQG,5&VHUYHUVVHQGUHSOLHVWRPXOWLSOHSRUWQXPEHUV8VLQJWKHSRUWWULJJHULQJIXQFWLRQRI\RXUURXWHU\RXFDQWHOOWKHURXWHUWRRSHQDGGLWLRQDOLQFRPLQJSRUWVZKHQDSDUWLFXODURXWJRLQJSRUWRULJLQDWHVDVHVVLRQ$QH[DPSOHLV,QWHUQHW5HOD\&KDW,5&<RXUFRPSXWHUFRQQHFWVWRDQ,5&VHUYHUDWGHVWLQDWLRQSRUW7KH,5&VHUYHUQRWRQO\UHVSRQGVWR\RXURULJLQDWLQJVRXUFHSRUWEXW
$GYDQFHG6HWWLQJV13HUVRQDO5RXWHU35DOVRVHQGVDQ³LGHQWLI\´PHVVDJHWR\RXUFRPSXWHURQSRUW8VLQJSRUWWULJJHULQJ\RXFDQWHOOWKHURXWHU³:KHQ\RXLQLWLDWHDVHVVLRQZLWKGHVWLQDWLRQSRUW\RXKDYHWRDOVRDOORZLQFRPLQJWUDIILFRQSRUWWRUHDFKWKHRULJLQDWLQJFRPSXWHU´8VLQJVWHSVVLPLODUWRWKHSUHFHGLQJH[DPSOHWKHIROORZLQJVHTXHQFHVKRZVWKHHIIHFWVRIWKHSRUWWULJJHULQJUXOH\RXKDYHGHILQHG <RXRSHQDQ,5&FOLHQWSURJUDPWRVWDUWDFKDWVHVVLRQRQ\RXUFRPSXWHU <RXU,5&FOLHQWFRPSRVHVDUHTXHVWPHVVDJHWRDQ,5&VHUYHUXVLQJDGHVWLQDWLRQSRUWQXPEHURIWKHVWDQGDUGSRUWQXPEHUIRUDQ,5&VHUYHUSURFHVV<RXUFRPSXWHUWKHQVHQGVWKLVUHTXHVWPHVVDJHWR\RXUURXWHU <RXUURXWHUFUHDWHVDQHQWU\LQLWVLQWHUQDOVHVVLRQWDEOHGHVFULELQJWKLVFRPPXQLFDWLRQVHVVLRQEHWZHHQ\RXUFRPSXWHUDQGWKH,5&VHUYHU<RXUURXWHUVWRUHVWKHRULJLQDOLQIRUPDWLRQSHUIRUPV1HWZRUN$GGUHVV7UDQVODWLRQ1$7RQWKHVRXUFHDGGUHVVDQGSRUWDQGVHQGVWKLVUHTXHVWPHVVDJHWKURXJKWKH,QWHUQHWWRWKH,5&VHUYHU 1RWLQJ\RXUSRUWWULJJHULQJUXOHDQGKDYLQJREVHUYHGWKHGHVWLQDWLRQSRUWQXPEHURI\RXUURXWHUFUHDWHVDQDGGLWLRQDOVHVVLRQHQWU\WRVHQGDQ\LQFRPLQJSRUWWUDIILFWR\RXUFRPSXWHU 7KH,5&VHUYHUVHQGVDUHWXUQPHVVDJHWR\RXUURXWHUXVLQJWKH1$7DVVLJQHGVRXUFHSRUWDVLQWKHSUHYLRXVH[DPSOHVD\SRUWDVWKHGHVWLQDWLRQSRUW7KH,5&VHUYHUDOVRVHQGVDQLGHQWLI\PHVVDJHWR\RXUURXWHUZLWKGHVWLQDWLRQSRUW 8SRQUHFHLYLQJWKHLQFRPLQJPHVVDJHWRGHVWLQDWLRQSRUW\RXUURXWHUFKHFNVLWVVHVVLRQWDEOHWRGHWHUPLQHZKHWKHUDQDFWLYHVHVVLRQIRUSRUWQXPEHUH[LVWV)LQGLQJDQDFWLYHVHVVLRQWKHURXWHUUHVWRUHVWKHRULJLQDODGGUHVVLQIRUPDWLRQUHSODFHGE\1$7DQGVHQGVWKLVUHSO\PHVVDJHWR\RXUFRPSXWHU 8SRQUHFHLYLQJWKHLQFRPLQJPHVVDJHWRGHVWLQDWLRQSRUW\RXUURXWHUFKHFNVLWVVHVVLRQWDEOHDQGOHDUQVWKDWDQDFWLYHVHVVLRQIRUSRUWLVDVVRFLDWHGZLWK\RXUFRPSXWHU7KHURXWHUUHSODFHVWKHPHVVDJH¶VGHVWLQDWLRQ,3DGGUHVVZLWK\RXUFRPSXWHU¶V,3DGGUHVVDQGIRUZDUGVWKHPHVVDJHWR\RXUFRPSXWHU :KHQ\RXILQLVK\RXUFKDWVHVVLRQ\RXUURXWHUHYHQWXDOO\VHQVHVDSHULRGRILQDFWLYLW\LQWKHFRPPXQLFDWLRQV7KHURXWHUWKHQUHPRYHVWKHVHVVLRQLQIRUPDWLRQIURPLWVVHVVLRQWDEOHDQGLQFRPLQJWUDIILFLVQRORQJHUDFFHSWHGRQSRUWQXPEHUVRU7RFRQILJXUHSRUWWULJJHULQJ\RXQHHGWRNQRZZKLFKLQERXQGSRUWVWKHDSSOLFDWLRQQHHGV$OVR\RXQHHGWRNQRZWKHQXPEHURIWKHRXWERXQGSRUWWKDWWULJJHUVWKHRSHQLQJRIWKHLQERXQGSRUWV<RXFDQXVXDOO\GHWHUPLQHWKLVLQIRUPDWLRQE\FRQWDFWLQJWKHSXEOLVKHURIWKHDSSOLFDWLRQRUXVHUJURXSVRUQHZVJURXSV1RWH 2QO\RQHFRPSXWHUDWDWLPHFDQXVHWKHWULJJHUHGDSSOLFDWLRQ3RUW)RUZDUGLQJWR3HUPLW([WHUQDO+RVW&RPPXQLFDWLRQV,QERWKRIWKHSUHFHGLQJH[DPSOHV\RXUFRPSXWHULQLWLDWHVDQDSSOLFDWLRQVHVVLRQZLWKDVHUYHUFRPSXWHURQWKH,QWHUQHW+RZHYHU\RXPLJKWQHHGWRDOORZDFOLHQWFRPSXWHURQWKH,QWHUQHWWRLQLWLDWHDFRQQHFWLRQWRDVHUYHUFRPSXWHURQ\RXUQHWZRUN1RUPDOO\\RXUURXWHULJQRUHVDQ\LQERXQGWUDIILFWKDWLVQRWDUHVSRQVHWR\RXURZQRXWERXQGWUDIILF<RXFDQFRQILJXUHH[FHSWLRQVWRWKLVGHIDXOWUXOHE\XVLQJWKHSRUWIRUZDUGLQJIHDWXUH
$GYDQFHG6HWWLQJV13HUVRQDO5RXWHU35$W\SLFDODSSOLFDWLRQRISRUWIRUZDUGLQJFDQEHVKRZQE\UHYHUVLQJWKHFOLHQWVHUYHUUHODWLRQVKLSIURPWKHSUHYLRXVZHEVHUYHUH[DPSOH,QWKLVFDVHDUHPRWHFRPSXWHU¶VEURZVHUQHHGVWRDFFHVVDZHEVHUYHUUXQQLQJRQDFRPSXWHULQ\RXUORFDOQHWZRUN8VLQJSRUWIRUZDUGLQJ\RXFDQWHOOWKHURXWHU³:KHQ\RXUHFHLYHLQFRPLQJWUDIILFRQSRUWWKHVWDQGDUGSRUWQXPEHUIRUDZHEVHUYHUSURFHVVIRUZDUGLWWRWKHORFDOFRPSXWHUDW´7KHIROORZLQJVHTXHQFHVKRZVWKHHIIHFWVRIWKHSRUWIRUZDUGLQJUXOH\RXKDYHGHILQHG 7KHXVHURIDUHPRWHFRPSXWHURSHQVDEURZVHUDQGUHTXHVWVDZHESDJHIURPZZZH[DPSOHFRPZKLFKUHVROYHVWRWKHSXEOLF,3DGGUHVVRI\RXUURXWHU7KHUHPRWHFRPSXWHUFRPSRVHVDZHESDJHUHTXHVWPHVVDJHZLWKWKHIROORZLQJGHVWLQDWLRQLQIRUPDWLRQ'HVWLQDWLRQDGGUHVV7KH,3DGGUHVVRIZZZH[DPSOHFRPZKLFKLVWKHDGGUHVVRI\RXUURXWHU'HVWLQDWLRQSRUWQXPEHUZKLFKLVWKHVWDQGDUGSRUWQXPEHUIRUDZHEVHUYHUSURFHVV7KHUHPRWHFRPSXWHUWKHQVHQGVWKLVUHTXHVWPHVVDJHWKURXJKWKH,QWHUQHWWR\RXUURXWHU <RXUURXWHUUHFHLYHVWKHUHTXHVWPHVVDJHDQGORRNVLQLWVUXOHVWDEOHIRUDQ\UXOHVFRYHULQJWKHGLVSRVLWLRQRILQFRPLQJSRUWWUDIILF<RXUSRUWIRUZDUGLQJUXOHVSHFLILHVWKDWLQFRPLQJSRUWWUDIILFVKRXOGEHIRUZDUGHGWRORFDO,3DGGUHVV7KHUHIRUH\RXUURXWHUPRGLILHVWKHGHVWLQDWLRQLQIRUPDWLRQLQWKHUHTXHVWPHVVDJH7KHGHVWLQDWLRQDGGUHVVLVUHSODFHGZLWK<RXUURXWHUWKHQVHQGVWKLVUHTXHVWPHVVDJHWR\RXUORFDOQHWZRUN <RXUZHEVHUYHUDWUHFHLYHVWKHUHTXHVWDQGFRPSRVHVDUHWXUQPHVVDJHZLWKWKHUHTXHVWHGZHESDJHGDWD<RXUZHEVHUYHUWKHQVHQGVWKLVUHSO\PHVVDJHWR\RXUURXWHU <RXUURXWHUSHUIRUPV1HWZRUN$GGUHVV7UDQVODWLRQ1$7RQWKHVRXUFH,3DGGUHVVDQGVHQGVWKLVUHTXHVWPHVVDJHWKURXJKWKH,QWHUQHWWRWKHUHPRWHFRPSXWHUZKLFKGLVSOD\VWKHZHESDJHIURPZZZH[DPSOHFRP7RFRQILJXUHSRUWIRUZDUGLQJ\RXQHHGWRNQRZZKLFKLQERXQGSRUWVWKHDSSOLFDWLRQQHHGV<RXFDQXVXDOO\GHWHUPLQHWKLVLQIRUPDWLRQE\FRQWDFWLQJWKHSXEOLVKHURIWKHDSSOLFDWLRQRUWKHUHOHYDQWXVHUJURXSVDQGQHZVJURXSV+RZ3RUW)RUZDUGLQJ'LIIHUVIURP3RUW7ULJJHULQJ7KHIROORZLQJSRLQWVVXPPDUL]HWKHGLIIHUHQFHVEHWZHHQSRUWIRUZDUGLQJDQGSRUWWULJJHULQJ3RUWWULJJHULQJLVXVHGE\DQ\FRPSXWHURQ\RXUQHWZRUNDOWKRXJKRQO\RQHFRPSXWHUFDQXVHLWDWDWLPH3RUWIRUZDUGLQJLVFRQILJXUHGIRUDVLQJOHFRPSXWHURQ\RXUQHWZRUN3RUWWULJJHULQJGRHVQRWUHTXLUHWKDW\RXNQRZWKHFRPSXWHU¶V,3DGGUHVVLQDGYDQFH7KH,3DGGUHVVLVFDSWXUHGDXWRPDWLFDOO\
$GYDQFHG6HWWLQJV13HUVRQDO5RXWHU353RUWIRUZDUGLQJUHTXLUHVWKDW\RXVSHFLI\WKHFRPSXWHU¶V,3DGGUHVVGXULQJFRQILJXUDWLRQDQGWKH,3DGGUHVVFDQQHYHUFKDQJH3RUWWULJJHULQJUHTXLUHVVSHFLILFRXWERXQGWUDIILFWRRSHQWKHLQERXQGSRUWVDQGWKHWULJJHUHGSRUWVDUHFORVHGDIWHUDSHULRGRIQRDFWLYLW\3RUWIRUZDUGLQJLVDOZD\VDFWLYHDQGGRHVQRWQHHGWREHWULJJHUHG6HW8S3RUW)RUZDUGLQJWR/RFDO6HUYHUV8VLQJWKHSRUWIRUZDUGLQJIHDWXUH\RXFDQDOORZFHUWDLQW\SHVRILQFRPLQJWUDIILFWRUHDFKVHUYHUVRQ\RXUORFDOQHWZRUN)RUH[DPSOH\RXPLJKWZDQWWRPDNHDORFDOZHEVHUYHU)73VHUYHURUJDPHVHUYHUYLVLEOHDQGDYDLODEOHWRWKH,QWHUQHW8VHWKH3RUW)RUZDUGLQJVFUHHQWRFRQILJXUHWKHURXWHUWRIRUZDUGVSHFLILFLQFRPLQJSURWRFROVWRFRPSXWHUVRQ\RXUORFDOQHWZRUN,QDGGLWLRQWRVHUYHUVIRUVSHFLILFDSSOLFDWLRQV\RXFDQDOVRVSHFLI\DGHIDXOW'0=VHUYHUWRZKLFKDOORWKHULQFRPLQJSURWRFROVDUHIRUZDUGHG%HIRUHVWDUWLQJ\RXQHHGWRGHWHUPLQHZKLFKW\SHRIVHUYLFHDSSOLFDWLRQRUJDPH\RXZDQWWRSURYLGHDQGWKHORFDO,3DGGUHVVRIWKHFRPSXWHUWKDWSURYLGHVWKHVHUYLFH7KHVHUYHUFRPSXWHUKDVWRDOZD\VKDYHWKHVDPH,3DGGUHVV¾7RVHWXSSRUWIRUZDUGLQJ7LS 7RHQVXUHWKDW\RXUVHUYHUFRPSXWHUDOZD\VKDVWKHVDPH,3DGGUHVVXVHWKHUHVHUYHG,3DGGUHVVIHDWXUHRI\RXU13HUVRQDO5RXWHU 6HOHFW$GYDQFHG6HWXS!3RUW)RUZDUGLQJ3RUW7ULJJHULQJWRGLVSOD\WKHIROORZLQJVFUHHQSODFHKROGHU3RUW)RUZDUGLQJLVVHOHFWHGDVWKHVHUYLFHW\SH )URPWKH6HUYLFH1DPHOLVWVHOHFWWKHVHUYLFHRUJDPHWKDW\RXKRVWRQ\RXUQHWZRUN,IWKHVHUYLFHGRHVQRWDSSHDULQWKHOLVWVHH$GGD&XVWRP6HUYLFHRQSDJH
$GYDQFHG6HWWLQJV13HUVRQDO5RXWHU35 ,QWKHFRUUHVSRQGLQJ6HUYHU,3$GGUHVVILHOGHQWHUWKHODVWGLJLWRIWKH,3DGGUHVVRI\RXUORFDOFRPSXWHUWKDWSURYLGHVWKLVVHUYLFH &OLFN$GG7KHVHUYLFHDSSHDUVLQWKHOLVWLQWKHVFUHHQ$GGD&XVWRP6HUYLFH7RGHILQHDVHUYLFHJDPHRUDSSOLFDWLRQWKDWGRHVQRWDSSHDULQWKH6HUYLFH1DPHOLVW\RXKDYHWRILUVWGHWHUPLQHZKLFKSRUWQXPEHURUUDQJHRIQXPEHUVXVHGE\WKHDSSOLFDWLRQ<RXFDQXVXDOO\GHWHUPLQHWKLVLQIRUPDWLRQE\FRQWDFWLQJWKHSXEOLVKHURIWKHDSSOLFDWLRQRUXVHUJURXSVRUQHZVJURXSV¾7RDGGDFXVWRPVHUYLFH 6HOHFW$GYDQFHG!$GYDQFHG6HWXS!3RUW)RUZDUGLQJ3RUW7ULJJHULQJ 6HOHFW3RUW)RUZDUGLQJDVWKHVHUYLFHW\SH &OLFNWKH$GG&XVWRP6HUYLFHEXWWRQWRGLVSOD\WKHIROORZLQJVFUHHQSODFHKROGHU ,QWKH6HUYLFH1DPHILHOGHQWHUDGHVFULSWLYHQDPH ,QWKH6HUYLFH7\SHOLVWVHOHFWWKHSURWRFRO,I\RXDUHXQVXUHVHOHFW7&38'3 6SHFLI\WKHSRUWVHWWLQJV([WHUQDO6WDUWLQJ3RUWDQG([WHUQDO(QGLQJ3RUW7KHVHDUHWKHVWDUWLQJQXPEHUDQGHQGLQJQXPEHUIRUWKHSXEOLFSRUWVDWWKH,QWHUQHWLQWHUIDFH)RUVLQJOHSRUWIRUZDUGLQJWKHQXPEHULQWKH([WHUQDO6WDUWLQJ3RUWDQG([WHUQDO(QGLQJ3RUWILHOGVFDQEHWKHVDPH8VHWKHVDPHSRUWUDQJHIRU,QWHUQDOSRUW7KLVFKHFNER[LVVHOHFWHGE\GHIDXOW,I\RXZDQWWRXVHGLIIHUHQWSRUWVFOHDUWKLVFKHFNER[DQGVSHFLI\WKHLQWHUQDOSRUWV,QWHUQDO6WDUWLQJ3RUWDQG,QWHUQDO(QGLQJ3RUW7KHVHDUHWKHVWDUWLQJQXPEHUDQGHQGLQJQXPEHUIRUWKHSRUWVRIDFRPSXWHURQWKHURXWHU¶VORFDODUHDQHWZRUN/$17KHVHDUHSULYDWHSRUWV7KHURXWHUFDOFXODWHVWKHLQWHUQDOHQGLQJSRUW
$GYDQFHG6HWWLQJV13HUVRQDO5RXWHU35 ,QWKH,QWHUQDO,3$GGUHVVILHOGHQWHUWKH,3DGGUHVVRI\RXUORFDOFRPSXWHUWKDWSURYLGHVWKLVVHUYLFH &OLFN$SSO\7KHVHUYLFHDSSHDUVLQWKHOLVWLQWKH3RUW)RUZDUGLQJ3RUW7ULJJHULQJVFUHHQ(GLWRU'HOHWHD3RUW)RUZDUGLQJ(QWU\¾7RHGLWRUGHOHWHDSRUWIRUZDUGLQJHQWU\ ,QWKHWDEOHVHOHFWWKHUDGLREXWWRQQH[WWRWKHVHUYLFHQDPH &OLFN(GLW6HUYLFHRU'HOHWH6HUYLFH$SSOLFDWLRQ([DPSOH0DNLQJD/RFDO:HE6HUYHU3XEOLF,I\RXKRVWDZHEVHUYHURQ\RXUORFDOQHWZRUN\RXFDQXVHSRUWIRUZDUGLQJWRDOORZZHEUHTXHVWVIURPDQ\RQHRQWKH,QWHUQHWWRUHDFK\RXUZHEVHUYHU¾7RPDNHDORFDOZHEVHUYHUSXEOLF $VVLJQ\RXUZHEVHUYHUHLWKHUDIL[HG,3DGGUHVVRUDG\QDPLF,3DGGUHVVXVLQJ'+&3DGGUHVVUHVHUYDWLRQ,QWKLVH[DPSOH\RXUURXWHUDOZD\VJLYHV\RXUZHEVHUYHUDQ,3DGGUHVVRI ,QWKH3RUW)RUZDUGLQJVFUHHQFRQILJXUHWKHURXWHUWRIRUZDUGWKH+773VHUYLFHWRWKHORFDODGGUHVVRI\RXUZHEVHUYHUDW+773SRUWLVWKHVWDQGDUGSURWRFROIRUZHEVHUYHUV 2SWLRQDO5HJLVWHUDKRVWQDPHZLWKD'\QDPLF'16VHUYLFHDQGFRQILJXUH\RXUURXWHUWRXVHWKHQDPHDVGHVFULEHGLQ'\QDPLF'16RQSDJH 7RDFFHVV\RXUZHEVHUYHUIURPWKH,QWHUQHWDUHPRWHXVHUKDVWRNQRZWKH,3DGGUHVVDVVLJQHGE\\RXU,63+RZHYHULI\RXXVHD'\QDPLF'16VHUYLFHWKHUHPRWHXVHUFDQUHDFK\RXUVHUYHUE\DXVHUIULHQGO\,QWHUQHWQDPHVXFKDVP\QHWJHDUG\QGQVRUJ6HW8S3RUW7ULJJHULQJ3RUWWULJJHULQJLVDG\QDPLFH[WHQVLRQRISRUWIRUZDUGLQJWKDWLVXVHIXOLQWKHVHFDVHV0RUHWKDQRQHORFDOFRPSXWHUQHHGVSRUWIRUZDUGLQJIRUWKHVDPHDSSOLFDWLRQEXWQRWVLPXOWDQHRXVO\$QDSSOLFDWLRQQHHGVWRRSHQLQFRPLQJSRUWVWKDWDUHGLIIHUHQWIURPWKHRXWJRLQJSRUW:KHQSRUWWULJJHULQJLVHQDEOHGWKHURXWHUPRQLWRUVRXWERXQGWUDIILFORRNLQJIRUDVSHFLILHGRXWERXQG³WULJJHU´SRUW:KHQWKHURXWHUGHWHFWVRXWERXQGWUDIILFRQWKDWSRUWLWUHPHPEHUVWKH,3DGGUHVVRIWKHORFDOFRPSXWHUWKDWVHQWWKHGDWD7KHURXWHUWKHQWHPSRUDULO\RSHQVWKHVSHFLILHGLQFRPLQJSRUWRUSRUWVDQGIRUZDUGVLQFRPLQJWUDIILFRQWKHWULJJHUHGSRUWVWRWKHWULJJHULQJFRPSXWHU3RUWIRUZDUGLQJFUHDWHVDVWDWLFPDSSLQJRIDSRUWQXPEHURUUDQJHWRDVLQJOHORFDOFRPSXWHU3RUWWULJJHULQJG\QDPLFDOO\RSHQVSRUWVWRDQ\FRPSXWHUWKDWQHHGVWKHPDQGFDQFORVHWKHSRUWVZKHQWKH\DUHQRORQJHUQHHGHG
$GYDQFHG6HWWLQJV13HUVRQDO5RXWHU351RWH ,I\RXXVHDSSOLFDWLRQVVXFKDVPXOWLSOD\HUJDPLQJSHHUWRSHHUFRQQHFWLRQVUHDOWLPHFRPPXQLFDWLRQVVXFKDVLQVWDQWPHVVDJLQJRUUHPRWHDVVLVWDQFHDIHDWXUHLQ:LQGRZV;3\RXVKRXOGDOVRHQDEOH8QLYHUVDO3OXJDQG3OD\83Q3DFFRUGLQJWRWKHLQVWUXFWLRQVLQ8QLYHUVDO3OXJDQG3OD\RQSDJH 7RVHWXSSRUWWULJJHULQJ\RXQHHGWRNQRZZKLFKLQERXQGSRUWVWKHDSSOLFDWLRQQHHGV$OVR\RXQHHGWRNQRZWKHQXPEHURIWKHRXWERXQGSRUWWKDWWULJJHUVWKHRSHQLQJRIWKHLQERXQGSRUWV<RXFDQXVXDOO\GHWHUPLQHWKLVLQIRUPDWLRQE\FRQWDFWLQJWKHSXEOLVKHURIWKHDSSOLFDWLRQRUXVHUJURXSVRUQHZVJURXSV¾7RVHWXSSRUWWULJJHULQJ 6HOHFW$GYDQFHG!$GYDQFHG6HWXS!3RUW)RUZDUGLQJ3RUW7ULJJHULQJ 6HOHFWWKH3RUW7ULJJHULQJUDGLREXWWRQWRGLVSOD\WKHSRUWWULJJHULQJLQIRUPDWLRQSODFHKROGHU &OHDUWKH'LVDEOH3RUW7ULJJHULQJFKHFNER[LILWLVVHOHFWHG1RWH,IWKH'LVDEOH3RUW7ULJJHULQJFKHFNER[LVVHOHFWHGDIWHU\RXFRQILJXUHSRUWWULJJHULQJSRUWWULJJHULQJLVGLVDEOHG+RZHYHUDQ\SRUWWULJJHULQJFRQILJXUDWLRQLQIRUPDWLRQ\RXDGGHGWRWKHURXWHULVUHWDLQHGHYHQWKRXJKLWLVQRWXVHG ,QWKH3RUW7ULJJHULQJ7LPHRXWILHOGHQWHUDYDOXHXSWRPLQXWHV7KLVYDOXHFRQWUROVWKHLQDFWLYLW\WLPHUIRUWKHGHVLJQDWHGLQERXQGSRUWV7KHLQERXQGSRUWVFORVHZKHQWKHLQDFWLYLW\WLPHH[SLUHV7KLVLVUHTXLUHGEHFDXVHWKHURXWHUFDQQRWEHVXUHZKHQWKHDSSOLFDWLRQKDVWHUPLQDWHG
$GYDQFHG6HWWLQJV13HUVRQDO5RXWHU35 &OLFN$GG6HUYLFHWRGLVSOD\WKHIROORZLQJVFUHHQSODFHKROGHU ,QWKH6HUYLFH1DPHILHOGW\SHDGHVFULSWLYHVHUYLFHQDPH ,QWKH6HUYLFH8VHUOLVWVHOHFW$Q\WKHGHIDXOWWRDOORZWKLVVHUYLFHWREHXVHGE\DQ\FRPSXWHURQWKH,QWHUQHW2WKHUZLVHVHOHFW6LQJOHDGGUHVVDQGHQWHUWKH,3DGGUHVVRIRQHFRPSXWHUWRUHVWULFWWKHVHUYLFHWRDSDUWLFXODUFRPSXWHU 6HOHFWWKHVHUYLFHW\SHHLWKHU7&3RU8'3RUERWK7&38'3,I\RXDUHQRWVXUHVHOHFW7&38'3 ,QWKH7ULJJHULQJ3RUWILHOGHQWHUWKHQXPEHURIWKHRXWERXQGWUDIILFSRUWWKDWFDXVHVWKHLQERXQGSRUWVWRRSHQ (QWHUWKHLQERXQGFRQQHFWLRQSRUWLQIRUPDWLRQLQWKH&RQQHFWLRQ7\SH6WDUWLQJ3RUWDQG(QGLQJ3RUWILHOGV &OLFN$SSO\7KHVHUYLFHDSSHDUVLQWKH3RUW7ULJJHULQJ3RUWPDSWDEOH'\QDPLF'16,I\RXU,QWHUQHWVHUYLFHSURYLGHU,63JDYH\RXDSHUPDQHQWO\DVVLJQHG,3DGGUHVV\RXFDQUHJLVWHUDGRPDLQQDPHDQGKDYHWKDWQDPHOLQNHGZLWK\RXU,3DGGUHVVE\SXEOLF'RPDLQ1DPH6HUYHUV'16+RZHYHULI\RXU,QWHUQHWDFFRXQWXVHVDG\QDPLFDOO\DVVLJQHG,3DGGUHVV\RXGRQRWNQRZLQDGYDQFHZKDW\RXU,3DGGUHVVZLOOEHDQGWKHDGGUHVVFDQFKDQJHIUHTXHQWO\,QWKLVFDVH\RXFDQXVHDFRPPHUFLDO'\QDPLF'16VHUYLFH7KLVW\SHRIVHUYLFHOHWV\RXUHJLVWHU\RXUGRPDLQWRWKHLU,3DGGUHVVDQGIRUZDUGVWUDIILFGLUHFWHGDW\RXUGRPDLQWR\RXUIUHTXHQWO\FKDQJLQJ,3DGGUHVV,I\RXU,63DVVLJQVDSULYDWH:$1,3DGGUHVVVXFKDV[[RU[[[WKH'\QDPLF'16VHUYLFHZLOOQRWZRUNEHFDXVHSULYDWHDGGUHVVHVDUHQRWURXWHGRQWKH,QWHUQHW<RXUURXWHUFRQWDLQVDFOLHQWWKDWFDQFRQQHFWWRWKH'\QDPLF'16VHUYLFHSURYLGHGE\'\Q'16RUJ)LUVWYLVLWWKHLUZHEVLWHDWKWWSZZZG\QGQVRUJDQGREWDLQDQDFFRXQWDQGKRVWQDPHWKDW\RXFRQILJXUHLQWKHURXWHU7KHQZKHQHYHU\RXU,63DVVLJQHG,3DGGUHVVFKDQJHV\RXUURXWHUDXWRPDWLFDOO\FRQWDFWVWKH'\QDPLF'16VHUYLFHSURYLGHUORJVLQWR
$GYDQFHG6HWWLQJV13HUVRQDO5RXWHU35\RXUDFFRXQWDQGUHJLVWHUV\RXUQHZ,3DGGUHVV,I\RXUKRVWQDPHLVKRVWQDPHIRUH[DPSOH\RXFDQUHDFK\RXUURXWHUDWKWWSKRVWQDPHG\QGQVRUJ2QWKH$GYDQFHGWDEVHOHFW$GYDQFHG6HWXS!'\QDPLF'16WRGLVSOD\WKHIROORZLQJVFUHHQSODFHKROGHU¾7RVHWXS'\QDPLF'16 5HJLVWHUIRUDQDFFRXQWZLWKRQHRIWKH'\QDPLF'16VHUYLFHSURYLGHUVZKRVH85/VDSSHDULQWKH6HUYLFH3URYLGHUOLVW 6HOHFWWKH8VHD'\QDPLF'166HUYLFHFKHFNER[ 6HOHFWWKH85/RI\RXU'\QDPLF'16VHUYLFHSURYLGHU)RUH[DPSOHIRU'\Q'16RUJVHOHFWZZZG\QGQVRUJ 7\SHWKHKRVWQDPHRUGRPDLQQDPHWKDW\RXU'\QDPLF'16VHUYLFHSURYLGHUJDYH\RX 7\SHWKHXVHUQDPHIRU\RXU'\QDPLF'16DFFRXQW7KLVLVWKHQDPHWKDW\RXXVHWRORJLQWR\RXUDFFRXQWQRW\RXUKRVWQDPH 7\SHWKHSDVVZRUGRUNH\IRU\RXU'\QDPLF'16DFFRXQW &OLFN$SSO\WRVDYH\RXUFRQILJXUDWLRQ6WDWLF5RXWHV6WDWLFURXWHVSURYLGHDGGLWLRQDOURXWLQJLQIRUPDWLRQWR\RXUURXWHU8QGHUXVXDOFLUFXPVWDQFHVWKHURXWHUKDVDGHTXDWHURXWLQJLQIRUPDWLRQDIWHULWKDVEHHQFRQILJXUHGIRU,QWHUQHWDFFHVVDQG\RXGRQRWQHHGWRFRQILJXUHDGGLWLRQDOVWDWLFURXWHV<RXKDYHWRFRQILJXUHVWDWLFURXWHVRQO\IRUXQXVXDOFDVHVVXFKDVPXOWLSOHURXWHUVRUPXOWLSOH,3VXEQHWVORFDWHGRQ\RXUQHWZRUN$VDQH[DPSOHRIZKHQDVWDWLFURXWHLVQHHGHGFRQVLGHUWKHIROORZLQJFDVH<RXUSULPDU\,QWHUQHWDFFHVVLVWKURXJKDFDEOHPRGHPWRDQ,63
$GYDQFHG6HWWLQJV13HUVRQDO5RXWHU35<RXKDYHDQ,6'1URXWHURQ\RXUKRPHQHWZRUNIRUFRQQHFWLQJWRWKHFRPSDQ\ZKHUH\RXDUHHPSOR\HG7KLVURXWHU¶VDGGUHVVRQ\RXU/$1LV<RXUFRPSDQ\¶VQHWZRUNDGGUHVVLV:KHQ\RXILUVWFRQILJXUHG\RXUURXWHUWZRLPSOLFLWVWDWLFURXWHVZHUHFUHDWHG$GHIDXOWURXWHZDVFUHDWHGZLWK\RXU,63DVWKHJDWHZD\DQGDVHFRQGVWDWLFURXWHZDVFUHDWHGWR\RXUORFDOQHWZRUNIRUDOO[DGGUHVVHV:LWKWKLVFRQILJXUDWLRQLI\RXDWWHPSWWRDFFHVVDGHYLFHRQWKHQHWZRUN\RXUURXWHUIRUZDUGV\RXUUHTXHVWWRWKH,637KH,63IRUZDUGV\RXUUHTXHVWWRWKHFRPSDQ\ZKHUH\RXDUHHPSOR\HGDQGWKHUHTXHVWLVGHQLHGE\WKHFRPSDQ\¶VILUHZDOO,QWKLVFDVH\RXKDYHWRGHILQHDVWDWLFURXWHWHOOLQJ\RXUURXWHUWKDWVKRXOGEHDFFHVVHGWKURXJKWKH,6'1URXWHUDW,QWKLVH[DPSOH7KH'HVWLQDWLRQ,3$GGUHVVDQG,36XEQHW0DVNILHOGVVSHFLI\WKDWWKLVVWDWLFURXWHDSSOLHVWRDOO[[DGGUHVVHV7KH*DWHZD\,3$GGUHVVILHOGVSHFLILHVWKDWDOOWUDIILFIRUWKHVHDGGUHVVHVVKRXOGEHIRUZDUGHGWRWKH,6'1URXWHUDW$PHWULFYDOXHRIZRUNVVLQFHWKH,6'1URXWHULVRQWKH/$13ULYDWHLVVHOHFWHGRQO\DVDSUHFDXWLRQDU\VHFXULW\PHDVXUHLQFDVH5,3LVDFWLYDWHG¾7RVHWXSDVWDWLFURXWH 6HOHFW$GYDQFHG!$GYDQFHG6HWXS!6WDWLF5RXWHVDQGFOLFN$GGWRGLVSOD\WKHIROORZLQJVFUHHQSODFHKROGHU ,QWKH5RXWH1DPHILHOGW\SHDQDPHIRUWKLVVWDWLFURXWHIRULGHQWLILFDWLRQSXUSRVHVRQO\ 6HOHFWWKH3ULYDWHFKHFNER[LI\RXZDQWWROLPLWDFFHVVWRWKH/$1RQO\,I3ULYDWHLVVHOHFWHGWKHVWDWLFURXWHLVQRWUHSRUWHGLQ5,3 6HOHFWWKH$FWLYHFKHFNER[WRPDNHWKLVURXWHHIIHFWLYH 7\SHWKH,3DGGUHVVRIWKHILQDOGHVWLQDWLRQ 7\SHWKH,3VXEQHWPDVNIRUWKLVGHVWLQDWLRQ,IWKHGHVWLQDWLRQLVDVLQJOHKRVWW\SH
$GYDQFHG6HWWLQJV13HUVRQDO5RXWHU35 7\SHWKHJDWHZD\,3DGGUHVVZKLFKKDVWREHDURXWHURQWKHVDPH/$1VHJPHQWDVWKH13HUVRQDO5RXWHU 7\SHDQXPEHUEHWZHHQDQGDVWKHPHWULFYDOXH7KLVYDOXHUHSUHVHQWVWKHQXPEHURIURXWHUVEHWZHHQ\RXUQHWZRUNDQGWKHGHVWLQDWLRQ8VXDOO\DVHWWLQJRIRUZRUNVEXWLIWKLVLVDGLUHFWFRQQHFWLRQVHWLWWR &OLFN$SSO\WRDGGWKHVWDWLFURXWH5HPRWH0DQDJHPHQW7KHUHPRWHPDQDJHPHQWIHDWXUHOHWV\RXXSJUDGHRUFKHFNWKHVWDWXVRI\RXU13HUVRQDO5RXWHURYHUWKH,QWHUQHW¾7RVHWXSUHPRWHPDQDJHPHQW 6HOHFW$GYDQFHG!$GYDQFHG6HWXS!5HPRWH0DQDJHPHQWSODFHKROGHU1RWH%HVXUHWRFKDQJHWKHURXWHU¶VGHIDXOWORJLQSDVVZRUGWRDVHFXUHSDVVZRUG7KHLGHDOSDVVZRUGVKRXOGFRQWDLQQRGLFWLRQDU\ZRUGVIURPDQ\ODQJXDJHDQGFRQWDLQXSSHUFDVHDQGORZHUFDVHOHWWHUVQXPEHUVDQGV\PEROV,WFDQEHXSWRFKDUDFWHUV 6HOHFWWKH7XUQ5HPRWH0DQDJHPHQW2QFKHFNER[ 8QGHU$OORZ5HPRWH$FFHVV%\VSHFLI\WKHH[WHUQDO,3DGGUHVVHVDOORZHGWRDFFHVVWKHURXWHU¶VUHPRWHPDQDJHPHQW1RWH)RUHQKDQFHGVHFXULW\UHVWULFWDFFHVVWRDVIHZH[WHUQDO,3DGGUHVVHVDVSUDFWLFDO
$GYDQFHG6HWWLQJV13HUVRQDO5RXWHU357RDOORZDFFHVVIURPDVLQJOH,3DGGUHVVRQWKH,QWHUQHWVHOHFW2QO\7KLV&RPSXWHU(QWHUWKH,3DGGUHVVWKDWDOORZVDFFHVV7RDOORZDFFHVVIURPDUDQJHRI,3DGGUHVVHVRQWKH,QWHUQHWVHOHFW,3$GGUHVV5DQJH(QWHUDEHJLQQLQJDQGHQGLQJ,3DGGUHVVWRGHILQHWKHDOORZHGUDQJH7RDOORZDFFHVVIURPDQ\,3DGGUHVVRQWKH,QWHUQHWVHOHFW(YHU\RQH 6SHFLI\WKHSRUWQXPEHUIRUDFFHVVLQJWKHZHEPDQDJHPHQWLQWHUIDFH1RUPDOZHEEURZVHUDFFHVVXVHVWKHVWDQGDUG+773VHUYLFHSRUW)RUJUHDWHUVHFXULW\HQWHUDFXVWRPSRUWQXPEHUIRUWKHUHPRWHZHEPDQDJHPHQWLQWHUIDFH&KRRVHDQXPEHUEHWZHHQDQGEXWGRQRWXVHWKHQXPEHURIDQ\FRPPRQVHUYLFHSRUW7KHGHIDXOWLVZKLFKLVDFRPPRQDOWHUQDWHIRU+773 &OLFN$SSO\WRKDYH\RXUFKDQJHVWDNHHIIHFW:KHQDFFHVVLQJ\RXUURXWHUIURPWKH,QWHUQHWW\SH\RXUURXWHU¶V:$1,3DGGUHVVLQWR\RXUEURZVHU¶VDGGUHVVRUORFDWLRQILHOGIROORZHGE\DFRORQDQGWKHFXVWRPSRUWQXPEHU)RUH[DPSOHLI\RXUH[WHUQDODGGUHVVLVDQG\RXXVHSRUWQXPEHUHQWHUKWWSLQ\RXUEURZVHU86%6HWWLQJV)RUDGGHGVHFXULW\WKHURXWHUFDQEHVHWXSWRVKDUHRQO\DSSURYHG86%GHYLFHV6HH6SHFLI\$SSURYHG86%'HYLFHVRQSDJH IRUWKHSURFHGXUH8QLYHUVDO3OXJDQG3OD\8QLYHUVDO3OXJDQG3OD\83Q3KHOSVGHYLFHVVXFKDV,QWHUQHWDSSOLDQFHVDQGFRPSXWHUVWRDFFHVVWKHQHWZRUNDQGFRQQHFWWRRWKHUGHYLFHVDVQHHGHG83Q3GHYLFHVFDQDXWRPDWLFDOO\GLVFRYHUWKHVHUYLFHVIURPRWKHUUHJLVWHUHG83Q3GHYLFHVRQWKHQHWZRUN1RWH ,I\RXXVHDSSOLFDWLRQVVXFKDVPXOWLSOD\HUJDPLQJSHHUWRSHHUFRQQHFWLRQVRUUHDOWLPHFRPPXQLFDWLRQVVXFKDVLQVWDQWPHVVDJLQJRUUHPRWHDVVLVWDQFHDIHDWXUHLQ:LQGRZV;3\RXVKRXOGHQDEOH83Q3
$GYDQFHG6HWWLQJV13HUVRQDO5RXWHU35¾7RWXUQRQ8QLYHUVDO3OXJDQG3OD\ 6HOHFW$GYDQFHG!$GYDQFHG6HWXS!83Q37KH83Q3VFUHHQGLVSOD\VSODFHKROGHU 7KHDYDLODEOHVHWWLQJVDQGLQIRUPDWLRQLQWKLVVFUHHQDUH7XUQ83Q32Q83Q3FDQEHHQDEOHGRUGLVDEOHGIRUDXWRPDWLFGHYLFHFRQILJXUDWLRQ7KHGHIDXOWVHWWLQJIRU83Q3LVGLVDEOHG,IWKLVFKHFNER[LVQRWVHOHFWHGWKHURXWHUGRHVQRWDOORZDQ\GHYLFHWRDXWRPDWLFDOO\FRQWUROWKHUHVRXUFHVVXFKDVSRUWIRUZDUGLQJPDSSLQJRIWKHURXWHU$GYHUWLVHPHQW3HULRG7KHDGYHUWLVHPHQWSHULRGLVKRZRIWHQWKHURXWHUEURDGFDVWVLWV83Q3LQIRUPDWLRQ7KLVYDOXHFDQUDQJHIURPWRPLQXWHV7KHGHIDXOWSHULRGLVPLQXWHV6KRUWHUGXUDWLRQVHQVXUHWKDWFRQWUROSRLQWVKDYHFXUUHQWGHYLFHVWDWXVDWWKHH[SHQVHRIDGGLWLRQDOQHWZRUNWUDIILF/RQJHUGXUDWLRQVFDQFRPSURPLVHWKHIUHVKQHVVRIWKHGHYLFHVWDWXVEXWFDQVLJQLILFDQWO\UHGXFHQHWZRUNWUDIILF$GYHUWLVHPHQW7LPHWR/LYH7KHWLPHWROLYHIRUWKHDGYHUWLVHPHQWLVPHDVXUHGLQKRSVVWHSVIRUHDFK83Q3SDFNHWVHQW7KHWLPHWROLYHKRSFRXQWLVWKHQXPEHURIVWHSVDEURDGFDVWSDFNHWLVDOORZHGWRSURSDJDWHIRUHDFK83Q3DGYHUWLVHPHQWEHIRUHLWGLVDSSHDUV7KHQXPEHURIKRSVFDQUDQJHIURPWR7KHGHIDXOWYDOXHIRUWKHDGYHUWLVHPHQWWLPHWROLYHLVKRSVZKLFKVKRXOGEHILQHIRUPRVWKRPHQHWZRUNV,I\RXQRWLFHWKDWVRPHGHYLFHVDUHQRWEHLQJXSGDWHGRUUHDFKHGFRUUHFWO\LWPLJKWEHQHFHVVDU\WRLQFUHDVHWKLVYDOXH83Q33RUWPDS7DEOH7KH83Q33RUWPDS7DEOHGLVSOD\VWKH,3DGGUHVVRIHDFK83Q3GHYLFHFXUUHQWO\DFFHVVLQJWKHURXWHUDQGZKLFKSRUWVLQWHUQDODQGH[WHUQDOWKDWGHYLFHKDVRSHQHG7KH83Q33RUWPDS7DEOHDOVRGLVSOD\VZKDWW\SHRISRUWLVRSHQDQGZKHWKHUWKDWSRUWLVVWLOODFWLYHIRUHDFK,3DGGUHVV &OLFN$SSO\WRVDYH\RXUVHWWLQJV
$GYDQFHG6HWWLQJV13HUVRQDO5RXWHU35,3Y<RXFDQXVHWKLVIHDWXUHWRVHWXSDQ,3Y,QWHUQHWFRQQHFWLRQW\SHLI1(7*($5JHQLHGRHVQRWGHWHFWLWDXWRPDWLFDOO\¾7RVHWXSDQ,3Y,QWHUQHWFRQQHFWLRQW\SH 6HOHFW$GYDQFHG!$GYDQFHG6HWXS!,3YWRGLVSOD\WKHIROORZLQJVFUHHQSODFHKROGHU 6HOHFWWKH,3YFRQQHFWLRQW\SHIURPWKHOLVWRI,QWHUQHWFRQQHFWLRQW\SHV<RXU,QWHUQHWVHUYLFHSURYLGHU,63FDQSURYLGHWKLVLQIRUPDWLRQ,I\RXU,63GLGQRWSURYLGHGHWDLOV\RXFDQVHOHFWWR7XQQHO,I\RXDUHQRWVXUHVHOHFW$XWR'HWHFWVRWKDWWKHURXWHUGHWHFWVWKH,3YW\SHWKDWLVLQXVH,I\RXU,QWHUQHWFRQQHFWLRQGRHVQRWXVH333R('+&3RUIL[HGEXWLV,3YWKHQVHOHFW$XWR&RQILJ &OLFN$SSO\VRWKDW\RXUFKDQJHVWDNHHIIHFW7UDIILF0HWHU7UDIILFPHWHULQJDOORZV\RXWRPRQLWRUWKHYROXPHRI,QWHUQHWWUDIILFSDVVLQJWKURXJK\RXUURXWHU¶V,QWHUQHWSRUW:LWKWKHWUDIILFPHWHUXWLOLW\\RXFDQVHWOLPLWVIRUWUDIILFYROXPHVHWDPRQWKO\OLPLWDQGJHWDOLYHXSGDWHRIWUDIILFXVDJH
$GYDQFHG6HWWLQJV13HUVRQDO5RXWHU35¾7RPRQLWRU,QWHUQHWWUDIILF &OLFN$GYDQFHG!$GYDQFHG6HWXS!7UDIILF0HWHUWRGLVSOD\WKHIROORZLQJVFUHHQ6FUROOWRYLHZPRUHVHWWLQJVSODFHKROGHU 7RHQDEOHWKHWUDIILFPHWHUVHOHFWWKH(QDEOH7UDIILF0HWHUFKHFNER[ ,I\RXZRXOGOLNHWRUHFRUGDQGUHVWULFWWKHYROXPHRI,QWHUQHWWUDIILFVHOHFWWKH7UDIILFYROXPHFRQWUROE\UDGLREXWWRQ<RXFDQVHOHFWRQHRIWKHIROORZLQJRSWLRQVIRUFRQWUROOLQJWKHWUDIILFYROXPH1R/LPLW1RUHVWULFWLRQLVDSSOLHGZKHQWKHWUDIILFOLPLWLVUHDFKHG'RZQORDGRQO\7KHUHVWULFWLRQLVDSSOLHGWRLQFRPLQJWUDIILFRQO\%RWK'LUHFWLRQV7KHUHVWULFWLRQLVDSSOLHGWRERWKLQFRPLQJDQGRXWJRLQJWUDIILF <RXFDQOLPLWWKHDPRXQWRIGDWDWUDIILFDOORZHGSHUPRQWKE\VSHFLI\LQJKRZPDQ\0E\WHVSHUPRQWKDUHDOORZHGRUE\VSHFLI\LQJKRZPDQ\KRXUVRIWUDIILFDUHDOORZHG 6HWWKH7UDIILF&RXQWHUWREHJLQDWDVSHFLILFWLPHDQGGDWH 6HWXS7UDIILF&RQWUROWRLVVXHDZDUQLQJPHVVDJHEHIRUHWKHPRQWKO\OLPLWRI0E\WHVRUKRXUVLVUHDFKHG<RXFDQVHOHFWRQHRIWKHIROORZLQJWRRFFXUZKHQWKHOLPLWLVDWWDLQHG7KH,QWHUQHW/('EOLQNVJUHHQRUDPEHU7KH,QWHUQHWFRQQHFWLRQLVGLVFRQQHFWHGDQGGLVDEOHG 6HWXS,QWHUQHW7UDIILF6WDWLVWLFVWRPRQLWRUWKHGDWDWUDIILFE\FOLFNLQJWKH7UDIILF6WDWXVEXWWRQ<RXJHWDOLYHXSGDWHRQ,QWHUQHWWUDIILFVWDWXVRQ\RXUURXWHU &OLFN$SSO\WRVDYH\RXUVHWWLQJV
7URXEOHVKRRWLQJ13HUVRQDO5RXWHU357URXEOHVKRRWLQJ7KLVFKDSWHUSURYLGHVLQIRUPDWLRQWRKHOS\RXGLDJQRVHDQGVROYHSUREOHPV\RXPLJKWKDYHZLWK\RXUURXWHU,I\RXGRQRWILQGWKHVROXWLRQKHUHYLVLWWKH1(7*($5VXSSRUWVLWHDWKWWSVXSSRUWQHWJHDUFRPIRUSURGXFWDQGFRQWDFWLQIRUPDWLRQ7KLVFKDSWHUFRQWDLQVWKHIROORZLQJVHFWLRQV4XLFN7LSV7URXEOHVKRRWZLWKWKH/('V&DQQRW/RJ,QWRWKH5RXWHU&DQQRW$FFHVVWKH,QWHUQHW&KDQJHV1RW6DYHG,QFRUUHFW'DWHRU7LPH:LUHOHVV&RQQHFWLYLW\5HVWRUHWKH)DFWRU\6HWWLQJVDQG3DVVZRUG7URXEOHVKRRW<RXU1HWZRUN8VLQJWKH3LQJ8WLOLW\
7URXEOHVKRRWLQJ13HUVRQDO5RXWHU354XLFN7LSV7KLVVHFWLRQGHVFULEHVWLSVIRUWURXEOHVKRRWLQJVRPHFRPPRQSUREOHPV6HTXHQFHWR5HVWDUW<RXU1HWZRUN%HVXUHWRUHVWDUW\RXUQHWZRUNLQWKLVVHTXHQFH 7XUQRIIDQGXQSOXJWKHPRGHP 7XUQRIIWKHURXWHUDQGFRPSXWHUV 3OXJLQWKHPRGHPDQGWXUQLWRQ:DLWPLQXWHV 7XUQRQWKHURXWHUDQGZDLWPLQXWHV 7XUQRQWKHFRPSXWHUV&KHFN(WKHUQHW&DEOH&RQQHFWLRQV0DNHVXUHWKDWWKH(WKHUQHWFDEOHVDUHVHFXUHO\SOXJJHGLQ7KH,QWHUQHWVWDWXV/('RQWKHURXWHULVOLWLIWKH(WKHUQHWFDEOHFRQQHFWLQJWKHURXWHUDQGWKHPRGHPLVSOXJJHGLQVHFXUHO\DQGWKHPRGHPDQGURXWHUDUHWXUQHGRQ)RUHDFKSRZHUHGRQFRPSXWHUFRQQHFWHGWRWKHURXWHUE\DQ(WKHUQHWFDEOHWKHFRUUHVSRQGLQJQXPEHUHGURXWHU/$1SRUW/('LVOLW:LUHOHVV6HWWLQJV0DNHVXUHWKDWWKHZLUHOHVVVHWWLQJVLQWKHFRPSXWHUDQGURXWHUPDWFKH[DFWO\)RUDZLUHOHVVO\FRQQHFWHGFRPSXWHUWKHZLUHOHVVQHWZRUNQDPH66,'DQGZLUHOHVVVHFXULW\VHWWLQJVRIWKHURXWHUDQGZLUHOHVVFRPSXWHUQHHGWRPDWFKH[DFWO\,I\RXVHWXSDQDFFHVVOLVWLQWKH$GYDQFHG:LUHOHVV6HWWLQJVVFUHHQ\RXKDYHWRDGGHDFKZLUHOHVVFRPSXWHU¶V0$&DGGUHVVWRWKHURXWHU¶VDFFHVVOLVW1HWZRUN6HWWLQJV0DNHVXUHWKDWWKHQHWZRUNVHWWLQJVRIWKHFRPSXWHUDUHFRUUHFW:LUHGDQGZLUHOHVVO\FRQQHFWHGFRPSXWHUVQHHGWRKDYHQHWZRUN,3DGGUHVVHVRQWKHVDPHQHWZRUNDVWKHURXWHU7KHVLPSOHVWZD\WRGRWKLVLVWRFRQILJXUHHDFKFRPSXWHUWRREWDLQDQ,3DGGUHVVDXWRPDWLFDOO\XVLQJ'+&36RPHFDEOHPRGHPVHUYLFHSURYLGHUVUHTXLUH\RXWRXVHWKH0$&DGGUHVVRIWKHFRPSXWHULQLWLDOO\UHJLVWHUHGRQWKHDFFRXQW<RXFDQYLHZWKH0$&DGGUHVVLQWKH$WWDFKHG'HYLFHVVFUHHQ
7URXEOHVKRRWLQJ13HUVRQDO5RXWHU357URXEOHVKRRWZLWKWKH/('V$IWHU\RXWXUQRQSRZHUWRWKHURXWHUWKHIROORZLQJVHTXHQFHRIHYHQWVVKRXOGRFFXU :KHQSRZHULVILUVWDSSOLHGYHULI\WKDWWKH3RZHU7HVW/(' LVOLW 9HULI\WKDWWKH3RZHU7HVW/('WXUQVDPEHUZLWKLQDIHZVHFRQGVLQGLFDWLQJWKDWWKHVHOIWHVWLVUXQQLQJ $IWHUDSSUR[LPDWHO\VHFRQGVYHULI\7KH3RZHU7HVW/('LVVROLGJUHHQ7KH,QWHUQHW/('LVOLW$QXPEHUHG(WKHUQHWSRUW/('LVOLWIRUDQ\ORFDOSRUWWKDWLVFRQQHFWHGWRDFRPSXWHU7KLVLQGLFDWHVWKDWDOLQNKDVEHHQHVWDEOLVKHGWRWKHFRQQHFWHGGHYLFH7KH/('VRQWKHIURQWSDQHORIWKHURXWHUFDQEHXVHGIRUWURXEOHVKRRWLQJ3RZHU7HVW/(',V2IIRU%OLQNLQJ0DNHVXUHWKDWWKHSRZHUFRUGLVVHFXUHO\FRQQHFWHGWR\RXUURXWHUDQGWKDWWKHSRZHUDGDSWHULVVHFXUHO\FRQQHFWHGWRDIXQFWLRQLQJSRZHURXWOHW0DNHVXUHWKDW\RXDUHXVLQJWKH9'&$SRZHUDGDSWHUWKDW1(7*($5VXSSOLHGIRUWKLVSURGXFW,IWKH3RZHU7HVW/('EOLQNVVORZO\DQGFRQWLQXRXVO\WKHURXWHUILUPZDUHLVFRUUXSWHG7KLVFDQKDSSHQLIDILUPZDUHXSJUDGHLVLQWHUUXSWHGRULIWKHURXWHUGHWHFWVDSUREOHPZLWKWKHILUPZDUH,IWKHHUURUSHUVLVWV\RXKDYHDKDUGZDUHSUREOHPW)RUUHFRYHU\LQVWUXFWLRQVRUKHOSZLWKDKDUGZDUHSUREOHPFRQWDFWWHFKQLFDOVXSSRUWDWKWWSVXSSRUWQHWJHDUFRPJHQHUDOFRQWDFWGHIDXOWDVS[3RZHU7HVW/('6WD\V$PEHU:KHQWKHURXWHULVWXUQHGRQWKH3RZHU7HVW/('WXUQVDPEHUIRUDERXWVHFRQGVDQGWKHQWXUQVJUHHQ,IWKH/('GRHVQRWWXUQJUHHQWKHURXWHUKDVDSUREOHP,IWKH3RZHU7HVW/('LVVWLOODPEHUPLQXWHDIWHU\RXWXUQRQSRZHUWRWKHURXWHU 7XUQWKHSRZHURIIDQGEDFNRQWRVHHLIWKHURXWHUUHFRYHUV 3UHVVDQGKROGWKH5HVWRUH)DFWRU\6HWWLQJVEXWWRQWRUHWXUQWKHURXWHUWRLWVIDFWRU\VHWWLQJV6HH)DFWRU\6HWWLQJVRQSDJH,IWKHHUURUSHUVLVWV\RXPLJKWKDYHDKDUGZDUHSUREOHPDQGVKRXOGFRQWDFWWHFKQLFDOVXSSRUWDWZZZQHWJHDUFRPVXSSRUW/('V1HYHU7XUQ2II:KHQWKHURXWHULVWXUQHGRQWKH/('VOLJKWIRUDERXWVHFRQGVDQGWKHQWXUQRII,IDOOWKH/('VVWD\OLWWKHIDXOWLVZLWKLQWKHURXWHU
7URXEOHVKRRWLQJ13HUVRQDO5RXWHU35,IDOO/('VDUHVWLOOOLWPLQXWHDIWHUSRZHUXS&\FOHWKHSRZHUWRVHHLIWKHURXWHUUHFRYHUV3UHVVDQGKROGWKH5HVWRUH)DFWRU\6HWWLQJVEXWWRQWRUHWXUQWKHURXWHUWRLWVIDFWRU\VHWWLQJV6HH)DFWRU\6HWWLQJVRQSDJH,IWKHHUURUSHUVLVWV\RXPLJKWKDYHDKDUGZDUHSUREOHPDQGVKRXOGFRQWDFWWHFKQLFDOVXSSRUWDWZZZQHWJHDUFRPVXSSRUW,QWHUQHWRU(WKHUQHW3RUW/('V$UH2II,IHLWKHUWKH(WKHUQHWSRUW/('VRUWKH,QWHUQHW/('GRHVQRWOLJKWZKHQWKH(WKHUQHWFRQQHFWLRQLVPDGHFKHFNWKHIROORZLQJ0DNHVXUHWKDWWKH(WKHUQHWFDEOHFRQQHFWLRQVDUHVHFXUHDWWKHURXWHUDQGDWWKHPRGHPRUFRPSXWHU0DNHVXUHWKDWSRZHULVWXUQHGRQWRWKHFRQQHFWHGPRGHPRUFRPSXWHU%HVXUHWKDW\RXDUHXVLQJWKHFRUUHFWFDEOH:KHQFRQQHFWLQJWKHURXWHU¶V,QWHUQHWSRUWWRDFDEOHRU'6/PRGHPXVHWKHFDEOHWKDWZDVVXSSOLHGZLWKWKHFDEOHRU'6/PRGHP7KLVFDEOHFRXOGEHDVWDQGDUGVWUDLJKWWKURXJK(WKHUQHWFDEOHRUDQ(WKHUQHWFURVVRYHUFDEOH:LUHOHVV/('V$UH2II,IWKH:LUHOHVV/('VVWD\RIIFKHFNWRVHHLIWKH:LUHOHVV2Q2IIEXWWRQRQWKHURXWHUKDVEHHQSUHVVHG7KLVEXWWRQWXUQVWKHZLUHOHVVUDGLRVLQWKHURXWHURQDQGRII7KH:LUHOHVV/('VDUHOLWZKHQWKHZLUHOHVVUDGLRLVWXUQHGRQ7KH3XVK1&RQQHFW:36%XWWRQ%OLQNV*UHHQ,IDIWHU\RXXVHWKH:36IXQFWLRQWKHEXWWRQEOLQNVJUHHQFKHFNWKHIROORZLQJ0DNHVXUHWKDW\RXDUHXVLQJWKHEXWWRQDQGQRWWKHURXWHU¶VEXLOWLQUHJLVWUDU&KHFNWKDW3,1YHULILFDWLRQKDVVXFFHHGHGIRUWKHZLUHOHVVGHYLFH\RXDUHDGGLQJWRWKHZLUHOHVVQHWZRUN0DNHVXUHWKDW\RXKDYHQRWSUHVVHGWKH:36EXWWRQRQWKHVLGHRIWKHURXWHUDIWHUGLVDEOLQJWKH:36IHDWXUH\RXORJJHGLQWRWKHURXWHUDQGGLVDEOHGWKLVSUHYLRXVO\&KHFNWKDWWKHURXWHULVQRWLQWKHWHPSRUDU\$3VHWXSORFNHGVWDWHLI\RXDUHXVLQJWKHZLUHOHVVUHSHDWHUIXQFWLRQ&DQQRW/RJ,QWRWKH5RXWHU,I\RXDUHXQDEOHWRORJLQWRWKHURXWHUIURPDFRPSXWHURQ\RXUORFDOQHWZRUNFKHFNWKHIROORZLQJ
7URXEOHVKRRWLQJ13HUVRQDO5RXWHU35,I\RXDUHXVLQJDQ(WKHUQHWFRQQHFWHGFRPSXWHUFKHFNWKH(WKHUQHWFRQQHFWLRQEHWZHHQWKHFRPSXWHUDQGWKHURXWHUDVGHVFULEHGLQWKHSUHYLRXVVHFWLRQ0DNHVXUHWKDW\RXUFRPSXWHU¶V,3DGGUHVVLVRQWKHVDPHVXEQHWDVWKHURXWHU,I\RXDUHXVLQJWKHUHFRPPHQGHGDGGUHVVLQJVFKHPH\RXUFRPSXWHU¶VDGGUHVVVKRXOGEHLQWKHUDQJHRIWR,I\RXUFRPSXWHU¶V,3DGGUHVVLVVKRZQDV[[UHFHQWYHUVLRQVRI:LQGRZVDQG0DF26JHQHUDWHDQGDVVLJQDQ,3DGGUHVVLIWKHFRPSXWHUFDQQRWUHDFKD'+&3VHUYHU7KHVHDXWRJHQHUDWHGDGGUHVVHVDUHLQWKHUDQJHRI[[,I\RXU,3DGGUHVVLVLQWKLVUDQJHFKHFNWKHFRQQHFWLRQIURPWKHFRPSXWHUWRWKHURXWHUDQGUHERRW\RXUFRPSXWHU,I\RXUURXWHU¶V,3DGGUHVVZDVFKDQJHGDQG\RXGRQRWNQRZWKHFXUUHQW,3DGGUHVVFOHDUWKHURXWHU¶VFRQILJXUDWLRQWRIDFWRU\GHIDXOWV7KLVVHWVWKHURXWHU¶V,3DGGUHVVWR7KLVSURFHGXUHLVH[SODLQHGLQ)DFWRU\6HWWLQJVRQSDJH0DNHVXUHWKDW\RXUEURZVHUKDV-DYD-DYD6FULSWRU$FWLYH;HQDEOHG,I\RXDUHXVLQJ,QWHUQHW([SORUHUFOLFN5HIUHVKWREHVXUHWKDWWKH-DYDDSSOHWLVORDGHG7U\TXLWWLQJWKHEURZVHUDQGODXQFKLQJLWDJDLQ0DNHVXUHWKDW\RXDUHXVLQJWKHFRUUHFWORJLQLQIRUPDWLRQ7KHIDFWRU\GHIDXOWORJLQQDPHLVDGPLQDQGWKHSDVVZRUGLVSDVVZRUG0DNHVXUHWKDW&DSV/RFNLVRIIZKHQ\RXHQWHUWKLVLQIRUPDWLRQ,I\RXDUHDWWHPSWLQJWRVHWXS\RXU1(7*($5URXWHUDVDQDGGLWLRQDOURXWHUEHKLQGDQH[LVWLQJURXWHULQ\RXUQHWZRUNFRQVLGHUUHSODFLQJWKHH[LVWLQJURXWHULQVWHDG1(7*($5GRHVQRWVXSSRUWVXFKDFRQILJXUDWLRQ,I\RXDUHDWWHPSWLQJWRVHWXS\RXU1(7*($5URXWHUDVDUHSODFHPHQWIRUDQ$'6/JDWHZD\LQ\RXUQHWZRUNWKHURXWHUFDQQRWSHUIRUPPDQ\JDWHZD\VHUYLFHVVXFKDVFRQYHUWLQJ$'6/RUFDEOHGDWDLQWR(WKHUQHWQHWZRUNLQJLQIRUPDWLRQ1(7*($5GRHVQRWVXSSRUWVXFKDFRQILJXUDWLRQ&DQQRW$FFHVVWKH,QWHUQHW,I\RXFDQDFFHVV\RXUURXWHUEXW\RXDUHXQDEOHWRDFFHVVWKH,QWHUQHWILUVWGHWHUPLQHZKHWKHUWKHURXWHUFDQREWDLQDQ,3DGGUHVVIURP\RXU,QWHUQHWVHUYLFHSURYLGHU,638QOHVV\RXU,63SURYLGHVDIL[HG,3DGGUHVV\RXUURXWHUUHTXHVWVDQ,3DGGUHVVIURPWKH,63<RXFDQGHWHUPLQHZKHWKHUWKHUHTXHVWZDVVXFFHVVIXOXVLQJWKH5RXWHU6WDWXVVFUHHQ¾7RFKHFNWKH:$1,3DGGUHVV 6WDUW\RXUEURZVHUDQGVHOHFWDQH[WHUQDOVLWHVXFKDVKWWSZZZQHWJHDUFRP $FFHVVWKHURXWHULQWHUIDFHDWKWWSZZZURXWHUORJLQQHW 6HOHFW$GPLQLVWUDWLRQ!5RXWHU6WDWXV &KHFNWKDWDQ,3DGGUHVVLVVKRZQIRUWKH,QWHUQHWSRUW,ILVVKRZQ\RXUURXWHUKDVQRWREWDLQHGDQ,3DGGUHVVIURP\RXU,63,I\RXUURXWHUFDQQRWREWDLQDQ,3DGGUHVVIURPWKH,63\RXPLJKWQHHGWRIRUFH\RXUFDEOHRU'6/PRGHPWRUHFRJQL]H\RXUQHZURXWHUE\UHVWDUWLQJ\RXUQHWZRUNDVGHVFULEHGLQ6HTXHQFHWR5HVWDUW<RXU1HWZRUNRQSDJH 
7URXEOHVKRRWLQJ13HUVRQDO5RXWHU35,I\RXUURXWHULVVWLOOXQDEOHWRREWDLQDQ,3DGGUHVVIURPWKH,63WKHSUREOHPPLJKWEHRQHRIWKHIROORZLQJ<RXU,QWHUQHWVHUYLFHSURYLGHU,63PLJKWUHTXLUHDORJLQSURJUDP$VN\RXU,63ZKHWKHUWKH\UHTXLUH333RYHU(WKHUQHW333R(RUVRPHRWKHUW\SHRIORJLQ,I\RXU,63UHTXLUHVDORJLQWKHORJLQQDPHDQGSDVVZRUGPLJKWEHVHWLQFRUUHFWO\<RXU,63PLJKWFKHFNIRU\RXUFRPSXWHU¶VKRVWQDPH$VVLJQWKHFRPSXWHUKRVWQDPHRI\RXU,63DFFRXQWDVWKHDFFRXQWQDPHLQWKH,QWHUQHW6HWWLQJVVFUHHQ<RXU,63DOORZVRQO\RQH(WKHUQHW0$&DGGUHVVWRFRQQHFWWR,QWHUQHWDQGPLJKWFKHFNIRU\RXUFRPSXWHU¶V0$&DGGUHVV,QWKLVFDVHGRRQHRIWKHIROORZLQJ,QIRUP\RXU,63WKDW\RXKDYHERXJKWDQHZQHWZRUNGHYLFHDQGDVNWKHPWRXVHWKHURXWHU¶V0$&DGGUHVV&RQILJXUH\RXUURXWHUWRFORQH\RXUFRPSXWHU¶V0$&DGGUHVV,I\RXUURXWHUFDQREWDLQDQ,3DGGUHVVEXW\RXUFRPSXWHULVXQDEOHWRORDGDQ\ZHESDJHVIURPWKH,QWHUQHW<RXUFRPSXWHUPLJKWQRWUHFRJQL]HDQ\'16VHUYHUDGGUHVVHV$'16VHUYHULVDKRVWRQWKH,QWHUQHWWKDWWUDQVODWHV,QWHUQHWQDPHVVXFKDVZZZDGGUHVVHVWRQXPHULF,3DGGUHVVHV7\SLFDOO\\RXU,63SURYLGHVWKHDGGUHVVHVRIRQHRUWZR'16VHUYHUVIRU\RXUXVH,I\RXHQWHUHGD'16DGGUHVVGXULQJWKHURXWHU¶VFRQILJXUDWLRQUHERRW\RXUFRPSXWHUDQGYHULI\WKH'16WKDWDGGUHVV<RXFDQFRQILJXUH\RXUFRPSXWHUPDQXDOO\ZLWK'16DGGUHVVHVDVH[SODLQHGLQ\RXURSHUDWLQJV\VWHPGRFXPHQWDWLRQ<RXUFRPSXWHUPLJKWQRWKDYHWKHURXWHUFRQILJXUHGDVLWV7&3,3JDWHZD\,I\RXUFRPSXWHUREWDLQVLWVLQIRUPDWLRQIURPWKHURXWHUE\'+&3UHERRWWKHFRPSXWHUDQGYHULI\WKHJDWHZD\DGGUHVV<RXPLJKWEHUXQQLQJORJLQVRIWZDUHWKDWLVQRORQJHUQHHGHG,I\RXU,63SURYLGHGDSURJUDPWRORJ\RXLQWRWKH,QWHUQHWVXFKDV:LQ3R(7\RXQRORQJHUQHHGWRUXQWKDWVRIWZDUHDIWHULQVWDOOLQJ\RXUURXWHU<RXPLJKWQHHGWRJRWR,QWHUQHW([SORUHUDQGVHOHFW7RROV!,QWHUQHW2SWLRQVFOLFNWKH&RQQHFWLRQVWDEDQGVHOHFW1HYHUGLDODFRQQHFWLRQ7URXEOHVKRRW333R(,I\RXDUHXVLQJ333R(WU\WURXEOHVKRRWLQJ\RXU,QWHUQHWFRQQHFWLRQ¾7RWURXEOHVKRRWD333R(FRQQHFWLRQ /RJLQWRWKHURXWHU 6HOHFW$GPLQLVWUDWLRQ!5RXWHU6WDWXV &OLFN&RQQHFWLRQ6WDWXV,IDOORIWKHVWHSVLQGLFDWH2.\RXU333R(FRQQHFWLRQLVXSDQGZRUNLQJ
7URXEOHVKRRWLQJ13HUVRQDO5RXWHU35,IDQ\RIWKHVWHSVLQGLFDWH)DLOHG\RXFDQDWWHPSWWRUHFRQQHFWE\FOLFNLQJ&RQQHFW7KHURXWHUFRQWLQXHVWRDWWHPSWWRFRQQHFWLQGHILQLWHO\,I\RXFDQQRWFRQQHFWDIWHUVHYHUDOPLQXWHV\RXPLJKWEHXVLQJDQLQFRUUHFWVHUYLFHQDPHXVHUQDPHRUSDVVZRUG7KHUHPLJKWDOVREHDSURYLVLRQLQJSUREOHPZLWK\RXU,631RWH 8QOHVV\RXFRQQHFWPDQXDOO\WKHURXWHUGRHVQRWDXWKHQWLFDWHXVLQJ333R(XQWLOGDWDLVWUDQVPLWWHGWRWKHQHWZRUN7URXEOHVKRRW,QWHUQHW%URZVLQJ,I\RXUURXWHUFDQREWDLQDQ,3DGGUHVVEXW\RXUFRPSXWHULVXQDEOHWRORDGDQ\ZHESDJHVIURPWKH,QWHUQHWFKHFNWKHIROORZLQJ<RXUFRPSXWHUPLJKWQRWUHFRJQL]HDQ\'16VHUYHUDGGUHVVHV$'16VHUYHULVDKRVWRQWKH,QWHUQHWWKDWWUDQVODWHV,QWHUQHWQDPHVVXFKDVZZZDGGUHVVHVWRQXPHULF,3DGGUHVVHV7\SLFDOO\\RXU,63SURYLGHVWKHDGGUHVVHVRIRQHRUWZR'16VHUYHUVIRU\RXUXVH,I\RXHQWHUHGD'16DGGUHVVGXULQJWKHURXWHU¶VFRQILJXUDWLRQUHVWDUW\RXUFRPSXWHU$OWHUQDWLYHO\\RXFDQFRQILJXUH\RXUFRPSXWHUPDQXDOO\ZLWKD'16DGGUHVVDVH[SODLQHGLQWKHGRFXPHQWDWLRQIRU\RXUFRPSXWHU<RXUFRPSXWHUPLJKWQRWKDYHWKHURXWHUFRQILJXUHGDVLWVGHIDXOWJDWHZD\5HERRWWKHFRPSXWHUDQGYHULI\WKDWWKHURXWHUDGGUHVVZZZURXWHUORJLQQHWLVOLVWHGE\\RXUFRPSXWHUDVWKHGHIDXOWJDWHZD\DGGUHVV<RXPLJKWEHUXQQLQJORJLQVRIWZDUHWKDWLVQRORQJHUQHHGHG,I\RXU,63SURYLGHGDSURJUDPWRORJ\RXLQWRWKH,QWHUQHWVXFKDV:LQ3R(7\RXQRORQJHUQHHGWRUXQWKDWVRIWZDUHDIWHULQVWDOOLQJ\RXUURXWHU<RXPLJKWQHHGWRJRWR,QWHUQHW([SORUHUDQGVHOHFW7RROV!,QWHUQHW2SWLRQVFOLFNWKH&RQQHFWLRQVWDEDQGVHOHFW1HYHUGLDODFRQQHFWLRQ,IWKHURXWHUGRHVQRWVDYHFKDQJHV\RXKDYHPDGHLQWKHEURZVHULQWHUIDFHFKHFNWKHIROORZLQJ:KHQHQWHULQJFRQILJXUDWLRQVHWWLQJVEHVXUHWRFOLFN$SSO\EHIRUHPRYLQJWRDQRWKHUVFUHHQRUWDERU\RXUFKDQJHVFRXOGEHORVW&OLFN5HIUHVKRU5HORDGLQWKHZHEEURZVHU7KHFKDQJHVPLJKWKDYHRFFXUUHGEXWWKHZHEEURZVHUPLJKWEHFDFKLQJWKHROGFRQILJXUDWLRQ&KDQJHV1RW6DYHG,IWKHURXWHUGRHVQRWVDYHWKHFKDQJHV\RXPDNHLQWKHURXWHULQWHUIDFHFKHFNWKHIROORZLQJ
7URXEOHVKRRWLQJ13HUVRQDO5RXWHU35:KHQHQWHULQJFRQILJXUDWLRQVHWWLQJVDOZD\VFOLFNWKH$SSO\EXWWRQEHIRUHPRYLQJWRDQRWKHUVFUHHQRUWDERU\RXUFKDQJHVDUHORVW&OLFNWKH5HIUHVKRU5HORDGEXWWRQLQWKHZHEEURZVHU7KHFKDQJHVPLJKWKDYHRFFXUUHGEXWWKHROGVHWWLQJVPLJKWEHLQWKHZHEEURZVHU¶VFDFKH,QFRUUHFW'DWHRU7LPH6HOHFW$GYDQFHG!6HFXULW\!6FKHGXOHWRGLVSOD\WKHFXUUHQWGDWHDQGWLPH7KHURXWHUXVHVWKH1HWZRUN7LPH3URWRFRO173WRREWDLQWKHFXUUHQWWLPHIURPRQHRIVHYHUDOQHWZRUNWLPHVHUYHUVRQWKH,QWHUQHW(DFKHQWU\LQWKHORJLVVWDPSHGZLWKWKHGDWHDQGWLPHRIGD\3UREOHPVZLWKWKHGDWHDQGWLPHIXQFWLRQFDQLQFOXGHWKHIROORZLQJ'DWHVKRZQLV-DQXDU\7KLVPHDQVWKHURXWHUKDVQRWVXFFHVVIXOO\UHDFKHGDQHWZRUNWLPHVHUYHU&KHFNWKDW\RXU,QWHUQHWDFFHVVLVFRQILJXUHGFRUUHFWO\,I\RXKDYHILQLVKHGVHWWLQJXSWKHURXWHUZDLWDWOHDVWPLQXWHVDQGFKHFNWKHGDWHDQGWLPHDJDLQ7LPHLVRIIE\RQHKRXU7KHURXWHUGRHVQRWDXWRPDWLFDOO\VHQVHGD\OLJKWVDYLQJVWLPH,QWKH6FKHGXOHVFUHHQVHOHFWWKH$XWRPDWLFDOO\DGMXVWIRUGD\OLJKWVDYLQJVWLPHFKHFNER[:LUHOHVV&RQQHFWLYLW\,I\RXDUHKDYLQJWURXEOHFRQQHFWLQJZLUHOHVVO\WRWKHURXWHUWU\WRLVRODWHWKHSUREOHP'RHVWKHZLUHOHVVGHYLFHRUFRPSXWHUWKDW\RXDUHXVLQJILQG\RXUZLUHOHVVQHWZRUN",IQRWFKHFNWKH:LUHOHVV/('VRQWKHIURQWRIWKHURXWHU7KH\VKRXOGEHOLW,IWKH\DUHQRW\RXFDQSUHVVWKH:L)L2Q2IIEXWWRQRQWKHVLGHRIWKHURXWHUWRWXUQWKHURXWHU¶VZLUHOHVVUDGLREDFNRQ<RXQHHGWRSUHVVDQGKROGWKH:L)L2Q2IIEXWWRQXQWLOWKH/('VWDWXVFKDQJHV,I\RXGLVDEOHGWKHURXWHU¶V66,'EURDGFDVW\RXUZLUHOHVVQHWZRUNLVKLGGHQDQGGRHVQRWVKRZXSLQ\RXUZLUHOHVVFOLHQW¶VVFDQQLQJOLVW%\GHIDXOW66,'EURDGFDVWLVHQDEOHG'RHV\RXUZLUHOHVVGHYLFHVXSSRUWWKHVHFXULW\WKDW\RXDUHXVLQJIRU\RXUZLUHOHVVQHWZRUN:3$RU:3$",I\RXZDQWWRYLHZWKHZLUHOHVVVHWWLQJVIRUWKHURXWHUXVHDQ(WKHUQHWFDEOHWRFRQQHFWDFRPSXWHUWRD/$1SRUWRQWKHURXWHU7KHQORJLQWRWKHURXWHUDQGVHOHFW6HWXS!:LUHOHVV6HWWLQJVVHH%DVLF:LUHOHVV6HWWLQJVRQSDJH 1RWH%HVXUHWRFOLFN$SSO\LI\RXPDNHFKDQJHV:LUHOHVV6LJQDO6WUHQJWK,I\RXUZLUHOHVVGHYLFHILQGV\RXUQHWZRUNEXWWKHVLJQDOVWUHQJWKLVZHDNFKHFNWKHVHFRQGLWLRQV
7URXEOHVKRRWLQJ13HUVRQDO5RXWHU35,V\RXUURXWHUWRRIDUIURP\RXUFRPSXWHURUWRRFORVH"3ODFH\RXUFRPSXWHUQHDUWKHURXWHUEXWDWOHDVWIHHWDZD\DQGVHHZKHWKHUWKHVLJQDOVWUHQJWKLPSURYHV,V\RXUZLUHOHVVVLJQDOEORFNHGE\REMHFWVEHWZHHQWKHURXWHUDQG\RXUFRPSXWHU"5HVWRUHWKH)DFWRU\6HWWLQJVDQG3DVVZRUG7RUHVWRUHWKHIDFWRU\VHWWLQJVHUDVLQJWKHFXUUHQWFRQILJXUDWLRQDQGFKDQJLQJWKHURXWHU¶VDGPLQLVWUDWLRQSDVVZRUGEDFNWRSDVVZRUG\RXFDQ8VHWKH(UDVHIXQFWLRQRIWKHURXWHUVHH(UDVHRQSDJH8VHWKH5HVWRUH)DFWRU\6HWWLQJVEXWWRQRQWKHEDFNRIWKHURXWHU6HH)DFWRU\6HWWLQJVRQSDJH ,I\RXUHVWRUHWKHIDFWRU\VHWWLQJVDQGWKHURXWHUIDLOVWRUHVWDUWRUWKHJUHHQ3RZHU7HVW/('FRQWLQXHVWREOLQNWKHXQLWPLJKWEHGHIHFWLYH,IWKHHUURUSHUVLVWV\RXPLJKWKDYHDKDUGZDUHSUREOHPDQGVKRXOGFRQWDFWWHFKQLFDOVXSSRUWDWKWWSZZZQHWJHDUFRPVXSSRUW7URXEOHVKRRW<RXU1HWZRUN8VLQJWKH3LQJ8WLOLW\0RVWQHWZRUNGHYLFHVDQGURXWHUVFRQWDLQDSLQJXWLOLW\WKDWVHQGVDQHFKRUHTXHVWSDFNHWWRWKHGHVLJQDWHGGHYLFH7KHGHYLFHWKHQUHVSRQGVZLWKDQHFKRUHSO\<RXFDQHDVLO\WURXEOHVKRRWDQHWZRUNE\XVLQJWKHSLQJXWLOLW\LQ\RXUFRPSXWHURUZRUNVWDWLRQ7HVWWKH/$13DWKWR<RXU5RXWHU<RXFDQSLQJWKHURXWHUIURP\RXUFRPSXWHUWRYHULI\WKDWWKH/$1SDWKWR\RXUURXWHULVVHWXSFRUUHFWO\¾7RSLQJWKHURXWHUIURPDUXQQLQJ:LQGRZVFRPSXWHU )URPWKH:LQGRZVWRROEDUFOLFN6WDUWDQGVHOHFW5XQ ,QWKHILHOGSURYLGHGW\SHSLQJIROORZHGE\WKH,3DGGUHVVRIWKHURXWHUDVLQWKLVH[DPSOHSLQJZZZURXWHUORJLQQHW &OLFN2.<RXVKRXOGVHHDPHVVDJHOLNHWKLVRQH3LQJLQJ,3DGGUHVV!ZLWKE\WHVRIGDWD,IWKHSDWKLVZRUNLQJ\RXVHHWKLVPHVVDJH5HSO\IURP,3DGGUHVV!E\WHV WLPH 11PV77/ [[[,IWKHSDWKLVQRWZRUNLQJ\RXVHHWKLVPHVVDJH5HTXHVWWLPHGRXW,IWKHSDWKLVQRWIXQFWLRQLQJFRUUHFWO\\RXFRXOGKDYHRQHRIWKHIROORZLQJSUREOHPV:URQJSK\VLFDOFRQQHFWLRQV
7URXEOHVKRRWLQJ13HUVRQDO5RXWHU35)RUDZLUHGFRQQHFWLRQPDNHVXUHWKDWWKHQXPEHUHG/$1SRUW/('LVRQIRUWKHSRUWWRZKLFK\RXDUHFRQQHFWHG&KHFNWKDWWKHDSSURSULDWH/('VDUHRQIRU\RXUQHWZRUNGHYLFHV,I\RXUURXWHUDQGFRPSXWHUDUHFRQQHFWHGWRDVHSDUDWH(WKHUQHWVZLWFKPDNHVXUHWKDWWKHOLQN/('VDUHRQIRUWKHVZLWFKSRUWVWKDWDUHFRQQHFWHGWR\RXUFRPSXWHUDQGURXWHU:URQJQHWZRUNFRQILJXUDWLRQ9HULI\WKDWWKH(WKHUQHWFDUGGULYHUVRIWZDUHDQG7&3,3VRIWZDUHDUHERWKLQVWDOOHGDQGFRQILJXUHGRQ\RXUFRPSXWHU9HULI\WKDWWKH,3DGGUHVVIRU\RXUURXWHUDQG\RXUFRPSXWHUDUHFRUUHFWDQGWKDWWKHDGGUHVVHVDUHRQWKHVDPHVXEQHW7HVWWKH3DWKIURP<RXU&RPSXWHUWRD5HPRWH'HYLFH$IWHUYHULI\LQJWKDWWKH/$1SDWKZRUNVFRUUHFWO\WHVWWKHSDWKIURP\RXUFRPSXWHUWRDUHPRWHGHYLFH )URPWKH:LQGRZVWRROEDUFOLFNWKH6WDUWEXWWRQDQGVHOHFW5XQ ,QWKH:LQGRZV5XQZLQGRZW\SHSLQJQ,3DGGUHVV!ZKHUH,3DGGUHVV!LVWKH,3DGGUHVVRIDUHPRWHGHYLFHVXFKDV\RXU,63'16VHUYHU,IWKHSDWKLVIXQFWLRQLQJFRUUHFWO\UHSOLHVDVVKRZQLQWKHSUHYLRXVVHFWLRQDUHGLVSOD\HG,I\RXGRQRWUHFHLYHUHSOLHV&KHFNWKDW\RXUFRPSXWHUKDVWKH,3DGGUHVVRI\RXUURXWHUOLVWHGDVWKHGHIDXOWJDWHZD\,IWKH,3FRQILJXUDWLRQRI\RXUFRPSXWHULVDVVLJQHGE\'+&3WKLVLQIRUPDWLRQLVQRWYLVLEOHLQ\RXUFRPSXWHU¶V1HWZRUN&RQWURO3DQHO9HULI\WKDWWKH,3DGGUHVVRIWKHURXWHULVOLVWHGDVWKHGHIDXOWJDWHZD\&KHFNWRVHHWKDWWKHQHWZRUNDGGUHVVRI\RXUFRPSXWHUWKHSRUWLRQRIWKH,3DGGUHVVVSHFLILHGE\WKHVXEQHWPDVNLVGLIIHUHQWIURPWKHQHWZRUNDGGUHVVRIWKHUHPRWHGHYLFH&KHFNWKDW\RXUFDEOHRU'6/PRGHPLVFRQQHFWHGDQGIXQFWLRQLQJ,I\RXU,63DVVLJQHGDKRVWQDPHWR\RXUFRPSXWHUHQWHUWKDWKRVWQDPHDVWKHDFFRXQWQDPHLQWKH,QWHUQHW6HWWLQJVVFUHHQ<RXU,63FRXOGEHUHMHFWLQJWKH(WKHUQHW0$&DGGUHVVHVRIDOOEXWRQHRI\RXUFRPSXWHUV0DQ\EURDGEDQG,63VUHVWULFWDFFHVVE\DOORZLQJWUDIILFRQO\IURPWKH0$&DGGUHVVRI\RXUEURDGEDQGPRGHPEXWVRPH,63VDGGLWLRQDOO\UHVWULFWDFFHVVWRWKH0$&DGGUHVVRIDVLQJOHFRPSXWHUFRQQHFWHGWRWKDWPRGHP,IVRFRQILJXUH\RXUURXWHUWR³FORQH´RU³VSRRI´WKH0$&DGGUHVVIURPWKHDXWKRUL]HGFRPSXWHU
$$6XSSOHPHQWDO,QIRUPDWLRQ7KLVDSSHQGL[SURYLGHVIDFWRU\GHIDXOWVHWWLQJVDQGWHFKQLFDOVSHFLILFDWLRQVIRUWKH13HUVRQDO5RXWHU35)DFWRU\6HWWLQJV<RXFDQUHWXUQWKHURXWHUWRLWVIDFWRU\VHWWLQJV8VHWKHHQGRIDSDSHUFOLSRUDVLPLODUREMHFWWRSUHVVDQGKROGWKH5HVWRUH)DFWRU\6HWWLQJVEXWWRQRQWKHEDFNRIWKHURXWHUIRUDWOHDVWVHFRQGV7KHURXWHUUHVHWVDQGUHWXUQVWRWKHIDFWRU\VHWWLQJV<RXUGHYLFHUHWXUQVWRWKHIDFWRU\FRQILJXUDWLRQVHWWLQJVVKRZQLQWKHIROORZLQJWDEOH7DEOH)DFWRU\GHIDXOWVHWWLQJV)HDWXUH 'HIDXOWEHKDYLRU5RXWHUORJLQ 8VHUORJLQ85/ ZZZURXWHUORJLQFRPRUZZZURXWHUORJLQQHW8VHUQDPHFDVHVHQVLWLYH DGPLQ/RJLQSDVVZRUGFDVHVHQVLWLYH SDVVZRUG,QWHUQHWFRQQHFWLRQ:$10$&DGGUHVV 8VHGHIDXOWKDUGZDUHDGGUHVV:$1078VL]H 3RUWVSHHG 0ESV$XWRVHQVLQJ/RFDOQHWZRUN/$1/$1,3 6XEQHWPDVN '+&3VHUYHU (QDEOHG'+&3UDQJH WR7LPH]RQH 3DFLILFWLPH7LPH]RQHGD\OLJKWVDYLQJWLPH 'LVDEOHG$OORZDUHJLVWUDUWRFRQILJXUHWKLVURXWHU(QDEOHG
6XSSOHPHQWDO,QIRUPDWLRQ13HUVRQDO5RXWHU35/RFDOQHWZRUN/$1FRQWLQXHG'+&3VWDUWLQJ,3DGGUHVV '+&3HQGLQJ,3DGGUHVV '0= 'LVDEOHG7LPH]RQH *07IRU*53(8.*07IRU58*07IRU35*07IRU$87LPH]RQHDGMXVWHGIRUGD\OLJKWVDYLQJVWLPH'LVDEOHG6103 'LVDEOHG)LUHZDOO ,QERXQGFRPPXQLFDWLRQVFRPLQJLQIURPWKH,QWHUQHW'LVDEOHGH[FHSWWUDIILFRQSRUWWKH+773SRUW2XWERXQGFRPPXQLFDWLRQVJRLQJRXWWRWKH,QWHUQHW(QDEOHGDOO6RXUFH0$&ILOWHULQJ 'LVDEOHG:LUHOHVV :LUHOHVVFRPPXQLFDWLRQ (QDEOHG66,'QDPH 6HHURXWHUODEHO6HFXULW\ (QDEOHG%URDGFDVW66,' (QDEOHG7UDQVPLVVLRQVSHHG $XWR&RXQWU\UHJLRQ 8QLWHG6WDWHVLQWKH86RWKHUZLVHYDULHVE\UHJLRQ5)FKDQQHO *+]$XWR2SHUDWLQJPRGH 8SWR0ESV'DWDUDWH %HVW2XWSXWSRZHU )XOO0D[LPXPZLUHOHVV VLJQDO UDWH GHULYHG IURP ,((( 6WDQGDUG  VSHFLILFDWLRQV $FWXDO WKURXJKSXW YDULHV1HWZRUN FRQGLWLRQV DQG HQYLURQPHQWDO IDFWRUV LQFOXGLQJ YROXPH RI QHWZRUN WUDIILF EXLOGLQJ PDWHULDOV DQGFRQVWUXFWLRQDQGQHWZRUNRYHUKHDGORZHUDFWXDOGDWDWKURXJKSXWUDWH7DEOH)DFWRU\GHIDXOWVHWWLQJVFRQWLQXHG)HDWXUH 'HIDXOWEHKDYLRU
6XSSOHPHQWDO,QIRUPDWLRQ13HUVRQDO5RXWHU357HFKQLFDO6SHFLILFDWLRQV7DEOH355RXWHUVSHFLILFDWLRQV)HDWXUH 'HVFULSWLRQ'DWDDQGURXWLQJSURWRFROV 7&3,35,35,3'+&3333R(3373%LJSRQG'\QDPLF'1683Q3DQG60%3RZHUDGDSWHU 1RSRZHUDGDSWHU,QSXWDOWHUQDWLQJFXUUHQW9a+]$'LPHQVLRQV LQ[LQ[LQPP[PP[PP:HLJKW JOEV2SHUDWLQJWHPSHUDWXUH WR& WR)2SHUDWLQJKXPLGLW\ PD[LPXPUHODWLYHKXPLGLW\QRQFRQGHQVLQJ(OHFWURPDJQHWLFHPLVVLRQV )&&3DUW&ODVV%9&&,&ODVV%(1&,635&ODVV%/$1 %$6(7RU%$6(7[5-:$1 %$6(7RU%$6(7[5-:LUHOHVV 0D[LPXPZLUHOHVVVLJQDOUDWHFRPSOLHVZLWKWKH,(((VWDQGDUG6HHWKHIRRWQRWHIRUWKHSUHYLRXVWDEOH5DGLRGDWDUDWHV $XWR5DWH6HQVLQJ'DWDHQFRGLQJVWDQGDUGV ,(((QYHUVLRQ,(((Q,(((J,(((E*+],(((Q,(((D*+]0D[LPXPFRPSXWHUVSHUZLUHOHVVQHWZRUN/LPLWHGE\WKHDPRXQWRIZLUHOHVVQHWZRUNWUDIILFJHQHUDWHGE\HDFKQRGHW\SLFDOO\±QRGHV2SHUDWLQJIUHTXHQF\UDQJH *+]±*+]86±*+]-DSDQ±*+](XURSH(76,VHFXULW\ :3$36.:3$36.:(3DQG:3$:3$36.
%%1RWLILFDWLRQRI&RPSOLDQFH1(7*($5ZLUHOHVVURXWHUVJDWHZD\V$3V5HJXODWRU\&RPSOLDQFH,QIRUPDWLRQ7KLVVHFWLRQLQFOXGHVXVHUUHTXLUHPHQWVIRURSHUDWLQJWKLVSURGXFWLQDFFRUGDQFHZLWK1DWLRQDOODZVIRUXVDJHRIUDGLRVSHFWUXPDQGRSHUDWLRQRIUDGLRGHYLFHV)DLOXUHRIWKHHQGXVHUWRFRPSO\ZLWKWKHDSSOLFDEOHUHTXLUHPHQWVPD\UHVXOWLQXQODZIXORSHUDWLRQDQGDGYHUVHDFWLRQDJDLQVWWKHHQGXVHUE\WKHDSSOLFDEOH1DWLRQDOUHJXODWRU\DXWKRULW\7KLVSURGXFWVILUPZDUHOLPLWVRSHUDWLRQWRRQO\WKHFKDQQHOVDOORZHGLQDSDUWLFXODU5HJLRQRU&RXQWU\7KHUHIRUHDOORSWLRQVGHVFULEHGLQWKLVXVHUVJXLGHPD\QRWEHDYDLODEOHLQ\RXUYHUVLRQRIWKHSURGXFW(XURSH±(8'HFODUDWLRQRI&RQIRUPLW\3URGXFWVEHDULQJWKH PDUNLQJFRPSO\ZLWKWKHIROORZLQJ(8GLUHFWLYHV(0&'LUHFWLYH(&/RZ9ROWDJH'LUHFWLYH(&,IWKLVSURGXFWKDVWHOHFRPPXQLFDWLRQVIXQFWLRQDOLW\LWDOVRFRPSOLHVZLWKWKHUHTXLUHPHQWVRIWKHIROORZLQJ(8'LUHFWLYH577('LUHFWLYH(&&RPSOLDQFHZLWKWKHVHGLUHFWLYHVLPSOLHVFRQIRUPLW\WRKDUPRQL]HG(XURSHDQVWDQGDUGVWKDWDUHQRWHGLQWKH(8'HFODUDWLRQRI&RQIRUPLW\)RULQGRRUXVHRQO\9DOLGLQDOO(8PHPEHUVWDWHV()7$VWDWHVDQG6ZLW]HUODQG7KLVGHYLFHPD\QRWEHXVHGIRUVHWWLQJXSRXWGRRUUDGLROLQNVLQ)UDQFHDQGLQVRPHDUHDVWKH5)RXWSXWSRZHUPD\EHOLPLWHGWRP:(,53LQWKHIUHTXHQF\UDQJHRI0+])RUGHWDLOHGLQIRUPDWLRQWKHHQGXVHUVKRXOGFRQWDFWWKHQDWLRQDOVSHFWUXPDXWKRULW\LQ)UDQFH)&&5HTXLUHPHQWVIRU2SHUDWLRQLQWKH8QLWHG6WDWHV)&&,QIRUPDWLRQWR8VHU7KLVSURGXFWGRHVQRWFRQWDLQDQ\XVHUVHUYLFHDEOHFRPSRQHQWVDQGLVWREHXVHGZLWKDSSURYHGDQWHQQDVRQO\$Q\SURGXFWFKDQJHVRUPRGLILFDWLRQVZLOOLQYDOLGDWHDOODSSOLFDEOHUHJXODWRU\FHUWLILFDWLRQVDQGDSSURYDOV)&&*XLGHOLQHVIRU+XPDQ([SRVXUH7KLVHTXLSPHQWFRPSOLHVZLWK)&&UDGLDWLRQH[SRVXUHOLPLWVVHWIRUWKIRUDQXQFRQWUROOHGHQYLURQPHQW7KLVHTXLSPHQWVKRXOGEHLQVWDOOHGDQGRSHUDWHGZLWKPLQLPXPGLVWDQFHRIFPEHWZHHQWKHUDGLDWRUDQG\RXUERG\7KLVWUDQVPLWWHUPXVWQRWEHFRORFDWHGRURSHUDWLQJLQFRQMXQFWLRQZLWKDQ\RWKHUDQWHQQDRUWUDQVPLWWHU)&&'HFODUDWLRQRI&RQIRUPLW\:H1(7*($5,QF(DVW3OXPHULD'ULYH6DQ-RVH&$GHFODUHXQGHURXUVROHUHVSRQVLELOLW\WKDWWKH13HUVRQDO5RXWHU35FRPSOLHVZLWK3DUW6XESDUW%RI)&&&)55XOHV2SHUDWLRQLVVXEMHFWWRWKHIROORZLQJWZRFRQGLWLRQV7KLVGHYLFHPD\QRWFDXVHKDUPIXOLQWHUIHUHQFHDQG7KLVGHYLFHPXVWDFFHSWDQ\LQWHUIHUHQFHUHFHLYHGLQFOXGLQJLQWHUIHUHQFHWKDWPD\FDXVHXQGHVLUHGRSHUDWLRQ
1RWLILFDWLRQRI&RPSOLDQFH13HUVRQDO5RXWHU35)&&5DGLR)UHTXHQF\,QWHUIHUHQFH:DUQLQJV,QVWUXFWLRQV7KLVHTXLSPHQWKDVEHHQWHVWHGDQGIRXQGWRFRPSO\ZLWKWKHOLPLWVIRUD&ODVV%GLJLWDOGHYLFHSXUVXDQWWR3DUWRIWKH)&&5XOHV7KHVHOLPLWVDUHGHVLJQHGWRSURYLGHUHDVRQDEOHSURWHFWLRQDJDLQVWKDUPIXOLQWHUIHUHQFHLQDUHVLGHQWLDOLQVWDOODWLRQ7KLVHTXLSPHQWXVHVDQGFDQUDGLDWHUDGLRIUHTXHQF\HQHUJ\DQGLIQRWLQVWDOOHGDQGXVHGLQDFFRUGDQFHZLWKWKHLQVWUXFWLRQVPD\FDXVHKDUPIXOLQWHUIHUHQFHWRUDGLRFRPPXQLFDWLRQV+RZHYHUWKHUHLVQRJXDUDQWHHWKDWLQWHUIHUHQFHZLOOQRWRFFXULQDSDUWLFXODULQVWDOODWLRQ,IWKLVHTXLSPHQWGRHVFDXVHKDUPIXOLQWHUIHUHQFHWRUDGLRRUWHOHYLVLRQUHFHSWLRQZKLFKFDQEHGHWHUPLQHGE\WXUQLQJWKHHTXLSPHQWRIIDQGRQWKHXVHULVHQFRXUDJHGWRWU\WRFRUUHFWWKHLQWHUIHUHQFHE\RQHRUPRUHRIWKHIROORZLQJPHWKRGV5HRULHQWRUUHORFDWHWKHUHFHLYLQJDQWHQQD,QFUHDVHWKHVHSDUDWLRQEHWZHHQWKHHTXLSPHQWDQGWKHUHFHLYHU&RQQHFWWKHHTXLSPHQWLQWRDQHOHFWULFDORXWOHWRQDFLUFXLWGLIIHUHQWIURPWKDWZKLFKWKHUDGLRUHFHLYHULVFRQQHFWHG&RQVXOWWKHGHDOHURUDQH[SHULHQFHGUDGLR79WHFKQLFLDQIRUKHOS)&&&DXWLRQ$Q\FKDQJHVRUPRGLILFDWLRQVQRWH[SUHVVO\DSSURYHGE\WKHSDUW\UHVSRQVLEOHIRUFRPSOLDQFHFRXOGYRLGWKHXVHU¶VDXWKRULW\WRRSHUDWHWKLVHTXLSPHQW7KLVGHYLFHFRPSOLHVZLWK3DUWRIWKH)&&5XOHV2SHUDWLRQLVVXEMHFWWRWKHIROORZLQJWZRFRQGLWLRQV7KLVGHYLFHPD\QRWFDXVHKDUPIXOLQWHUIHUHQFHDQGWKLVGHYLFHPXVWDFFHSWDQ\LQWHUIHUHQFHUHFHLYHGLQFOXGLQJLQWHUIHUHQFHWKDWPD\FDXVHXQGHVLUHGRSHUDWLRQ)RUSURGXFWDYDLODEOHLQWKH86$DQG&DQDGDPDUNHWRQO\FKDQQHOaFDQEHRSHUDWHG6HOHFWLRQRIRWKHUFKDQQHOVLVQRWSRVVLEOH3RXUOHVSURGXLWVGLVSRQLEOHVDX[eWDWV8QLV&DQDGDGXPDUFKpVHXOOHFDQDOjSHXYHQWrWUHH[SORLWpV6pOHFWLRQGDXWUHVFDQDX[QHVWSDVSRVVLEOH7KLVGHYLFHDQGLWVDQWHQQDVPXVWQRWEHFRORFDWHGRURSHUDWLRQLQFRQMXQFWLRQZLWKDQ\RWKHUDQWHQQDRUWUDQVPLWWHU&HWDSSDUHLOHWVRQDQWHQQHVQHGRLWSDVrWUHFRORFDOLVpVRXIRQFWLRQQHPHQWHQDVVRFLDWLRQDYHFXQHDXWUHDQWHQQHRXWUDQVPHWWHXU&DQDGLDQ'HSDUWPHQWRI&RPPXQLFDWLRQV5DGLR,QWHUIHUHQFH5HJXODWLRQV7KLVGLJLWDODSSDUDWXV13HUVRQDO5RXWHU35GRHVQRWH[FHHGWKH&ODVV%OLPLWVIRUUDGLRQRLVHHPLVVLRQVIURPGLJLWDODSSDUDWXVDVVHWRXWLQWKH5DGLR,QWHUIHUHQFH5HJXODWLRQVRIWKH&DQDGLDQ'HSDUWPHQWRI&RPPXQLFDWLRQV7KLV&ODVV>%@GLJLWDODSSDUDWXVFRPSOLHVZLWK&DQDGLDQ,&(6&HWDSSDUHLOQXPpULTXHGHODFODVVH>%@HVWFRQIRUPHjODQRUPH10%GX&DQDGD,QGXVWU\&DQDGD7KLVGHYLFHFRPSOLHVZLWK566RIWKH,QGXVWU\&DQDGD5XOHV2SHUDWLRQLVVXEMHFWWRWKHIROORZLQJWZRFRQGLWLRQV7KLVGHYLFHPD\QRWFDXVHKDUPIXOLQWHUIHUHQFHDQGWKLVGHYLFHPXVWDFFHSWDQ\LQWHUIHUHQFHUHFHLYHGLQFOXGLQJLQWHUIHUHQFHWKDWPD\FDXVHXQGHVLUHGRSHUDWLRQ&DXWLRQ&HGLVSRVLWLIHVWFRQIRUPHjODQRUPH&15G,QGXVWULH&DQDGDDSSOLFDEOHDX[DSSDUHLOVUDGLRH[HPSWVGHOLFHQFH6RQIRQFWLRQQHPHQWHVWVXMHWDX[GHX[FRQGLWLRQVVXLYDQWHVOHGLVSRVLWLIQHGRLWSDVSURGXLUHGHEURXLOODJHSUpMXGLFLDEOHHWFHGLVSRVLWLIGRLWDFFHSWHUWRXWEURXLOODJHUHoX\FRPSULVXQEURXLOODJHVXVFHSWLEOHGHSURYRTXHUXQIRQFWLRQQHPHQWLQGpVLUDEOH,03257$17127(5DGLDWLRQ([SRVXUH6WDWHPHQW7KLVHTXLSPHQWFRPSOLHVZLWK,&UDGLDWLRQH[SRVXUHOLPLWVVHWIRUWKIRUDQXQFRQWUROOHGHQYLURQPHQW7KLVHTXLSPHQWVKRXOGEHLQVWDOOHGDQGRSHUDWHGZLWKPLQLPXPGLVWDQFHFPEHWZHHQWKHUDGLDWRU\RXUERG\
1RWLILFDWLRQRI&RPSOLDQFH13HUVRQDO5RXWHU35127(,03257$17('pFODUDWLRQGH[SRVLWLRQDX[UDGLDWLRQV&HWpTXLSHPHQWHVWFRQIRUPHDX[OLPLWHVGH[SRVLWLRQDX[UD\RQQHPHQWV,&pWDEOLHVSRXUXQHQYLURQQHPHQWQRQFRQWU{Op&HWpTXLSHPHQWGRLWrWUHLQVWDOOpHWXWLOLVpDYHFXQPLQLPXPGHFPGHGLVWDQFHHQWUHODVRXUFHGHUD\RQQHPHQWHWYRWUHFRUSV,QWHUIHUHQFH5HGXFWLRQ7DEOH7KHWDEOHEHORZVKRZVWKHUHFRPPHQGHGPLQLPXPGLVWDQFHEHWZHHQ1(7*($5HTXLSPHQWDQGKRXVHKROGDSSOLDQFHVWRUHGXFHLQWHUIHUHQFHLQIHHWDQGPHWHUV+RXVHKROG$SSOLDQFH 5HFRPPHQGHG0LQLPXP'LVWDQFHLQIHHWDQGPHWHUV0LFURZDYHRYHQV IHHWPHWHUV%DE\0RQLWRU$QDORJ IHHWPHWHUV%DE\0RQLWRU'LJLWDO IHHWPHWHUV&RUGOHVVSKRQH$QDORJ IHHWPHWHUV&RUGOHVVSKRQH'LJLWDO IHHWPHWHUV%OXHWRRWKGHYLFHV IHHWPHWHUV=LJ%HH IHHWPHWHUV
,QGH[$DFFHVVUHPRWHYLHZLQJORJVDFFHVVSRLQWVDFFHVVLQJUHPRWHFRPSXWHUDGGLQJFXVWRPVHUYLFHVJXHVWQHWZRUNSULRULW\UXOHV4R6SROLF\ZLUHOHVVGHYLFHVDGGUHVVUHVHUYDWLRQDGYHUWLVHPHQWSHULRGDOHUWVHPDLOLQJDSSOLFDWLRQV4R6IRURQOLQHJDPLQJDSSURYHG86%GHYLFHVDWWDFKHGGHYLFHVDXWKHQWLFDWLRQUHTXLUHGE\PDLOVHUYHUDXWRPDWLFILUPZDUHFKHFNLQJDXWRPDWLF,QWHUQHWFRQQHFWLRQ%EDFNLQJXSFRQILJXUDWLRQEDVHVWDWLRQVHWWLQJXSEORFNLQJLQERXQGWUDIILFNH\ZRUGVVHUYLFHVVLWHVER[FRQWHQWV&FDEOHVFKHFNLQJFKDQJHVQRWVDYHGURXWHUFRPSOLDQFHFRQILJXUDWLRQILOHFRQILJXULQJ'0=VHUYHU'\QDPLF'161$7SRUWIRUZDUGLQJSRUWWULJJHULQJ4R6UHSHDWHUXQLWXVHUGHILQHGVHUYLFHVFRQQHFWLQJZLUHOHVVO\FRXQWU\VHWWLQJFURVVRYHUFDEOH&765767KUHVKROGFXVWRPVHUYLFHSRUWIRUZDUGLQJ'GDVKERDUGGDWDSDFNHWVIUDJPHQWHGGDWHDQGWLPHGD\OLJKWVDYLQJVWLPHGHIDXOW'0=VHUYHUGHIDXOWIDFWRU\VHWWLQJVGHIDXOWJDWHZD\GHOHWLQJFRQILJXUDWLRQNH\ZRUGVSRUWIRUZDUGLQJHQWU\4R6SROLF\GHQLDORIVHUYLFH'R6SURWHFWLRQGHYLFHVDWWDFKHG'+&3VHUYHU'+&3VHWWLQJ'0=VHUYHU'16DGGUHVVHVSULPDU\WURXEOHVKRRWLQJ'16VHUYHUV'RPDLQ1DPH6HUYHU'16DGGUHVVHV'\QDPLF'16(HOHFWURPDJQHWLFHPLVVLRQVHPDLOQRWLFHVHUDVLQJFRQILJXUDWLRQ(WKHUQHWFDEOHVFKHFNLQJ
13HUVRQDO5RXWHU35(WKHUQHW/('WURXEOHVKRRWLQJ)IDFWRU\GHIDXOWVHWWLQJVOLVWRIUHVWRULQJILOHVKDULQJILUPZDUHYHUVLRQILUPZDUHXSJUDGLQJIUDJPHQWDWLRQOHQJWKIUDJPHQWHGGDWDSDFNHWV*JDPHVRQOLQH4R6IRUJDWHZD\,3DGGUHVV*HQLH1(7*($5VHWWLQJVDGYDQFHGVHWWLQJVEDVLFVHWXSLQLWLDOXVLQJDIWHULQVWDOODWLRQJXHVWQHWZRUNV+KRVWQDPHKRVWWUXVWHG,LQERXQGWUDIILFDOORZLQJRUEORFNLQJLQVWDOOLQJ,QWHUQHWFRQQHFWLRQVHWWLQJXSWURXEOHVKRRWLQJ,QWHUQHW/('VWURXEOHVKRRWLQJ,QWHUQHWSRUW,QWHUQHW5HOD\&KDW,5&,QWHUQHWVHUYLFHSURYLGHU,63DFFRXQWLQIRUPDWLRQ,QWHUQHW6HWXSVFUHHQILHOGV,QWHUQHWVHUYLFHVEORFNLQJDFFHVVLQWHUYDOSROO,3DGGUHVVHVFXUUHQW'+&3G\QDPLFUHVHUYHG,3VXEQHWPDVN.NH\ZRUGV//$1SRUW4R6IRUVHWWLQJV/$1VHWXSODQJXDJHVHWWLQJODUJHILOHVVKDULQJOHDVH'+&3/('VWURXEOHVKRRWLQJORFDOVHUYHUVSRUWIRUZDUGLQJWRORJJLQJLQORJVHPDLOLQJYLHZLQJ00$&DGGUHVVHVFXUUHQW4R6IRUPDLOVHUYHURXWJRLQJPDLQWHQDQFHVHWWLQJVPDQDJLQJURXWHUUHPRWHO\PHQXVGHVFULEHGPHWULFYDOXHPL[HGPRGHVHFXULW\RSWLRQV078VL]HPXOWLFDVWLQJ11$71HWZRUN$GGUHVV7UDQVODWLRQ1(7*($5*HQLHVHWWLQJVDGYDQFHGVHWWLQJVEDVLFLQLWLDOVHWXSLQLWLDOXVLQJDIWHULQVWDOODWLRQ1HWZRUN7LPH3URWRFRO173QHWZRUNFRUUHFWVHWWLQJVFKHFNLQJQHWZRUNUHVWDUWLQJQHWZRUNVJXHVW2RXWJRLQJPDLOVHUYHU
13HUVRQDO5RXWHU353SDFNHWVIUDJPHQWHG3DUHQWDO&RQWUROVSDVVSKUDVHVFKDQJLQJSDVVZRUGUHFRYHU\DGPLQSDVVZRUGUHVWRULQJSKRWRVVKDULQJSLQJXWLOLW\SROOLQWHUYDOSRUWILOWHULQJSRUWIRUZDUGLQJSRUWQXPEHUVSRUWVWDWXVSRUWWULJJHULQJSRVLWLRQLQJWKHURXWHU3RZHU/('WURXEOHVKRRWLQJ333R(333RYHU(WKHUQHW3UHDPEOHPRGHSUHVHWVHFXULW\DERXWSDVVSKUDVHSULPDU\'16DGGUHVVHVSULQWLQJILOHVDQGSKRWRVSULRULWL]LQJWUDIILF3XVK¶1¶&RQQHFW44R64XDOLW\RI6HUYLFH5UDGLRZLUHOHVVUDQJHRIZLUHOHVVFRQQHFWLRQV5HDG\6KDUHDFFHVVUHFRYHULQJDGPLQSDVVZRUGUHOHDVLQJFRQQHFWLRQVWDWXVUHPRWHPDQDJHPHQWUHQHZLQJFRQQHFWLRQVWDWXVUHSHDWHUXQLWVUHVHUYHG,3DGUHVVHVUHVWDUWLQJQHWZRUNUHVWRULQJFRQILJXUDWLRQILOHGHIDXOWIDFWRU\VHWWLQJVURXWHULQWHUIDFHGHVFULEHGURXWHUVWDWXVYLHZLQJ6VFKHGXOLQJNH\ZRUGDQGVHUYLFHEORFNLQJVHFRQGDU\'16VHFXULW\ILUHZDOOVHWWLQJVVHHDOVRVHFXULW\RSWLRQVVHFXULW\RSWLRQVVHFXULW\3,1VHQGLQJORJVE\HPDLOVHUYLFHVEORFNLQJVHWWLQJVGHIDXOW6HHGHIDXOWIDFWRU\VHWWLQJV6HWXS:L]DUGVKDULQJILOHVVLWHVEORFNLQJ6073VHUYHUVSHFLILFDWLRQVWHFKQLFDO66,'GHVFULEHGVWDWLFURXWHVVWDWXVURXWHUYLHZLQJVXEQHWPDVNV\VWHPXSWLPH7WHFKQLFDOVSHFLILFDWLRQVWHFKQLFDOVXSSRUW7HPSRUDO.H\,QWHJULW\3URWRFRO7.,3WLPHRIGD\WLPHWROLYHDGYHUWLVHPHQWWLPHRXWSRUWWULJJHULQJWUDGHPDUNVWUDIILFPHWHULQJWURXEOHVKRRWLQJGDWHRUWLPHLQFRUUHFWORJLQDFFHVVURXWHUFKDQJHVQRWVDYHGWUXVWHGKRVW88QLYHUVDO3OXJDQG3OD\83Q3XSWLPHV\VWHPXSJUDGLQJILUPZDUH86%DGYDQFHGFRQILJXUDWLRQEDVLFVWRUDJHVHWWLQJVGULYHUHTXLUHPHQWVILOHVKDULQJ5HDG\6KDUHDFFHVV
13HUVRQDO5RXWHU35UHPRWHFRPSXWHUFRQQHFWLRQVSHFLI\LQJDSSURYHGGHYLFHVXQPRXQWLQJD86%GULYH86%GHYLFHVDSSURYHGXVHUGHILQHGVHUYLFHV9YLHZLQJORJVURXWHUVWDWXV::$1,3DGGUHVVWURXEOHVKRRWLQJ:$1VHWXS:L)L3URWHFWHG6HWXS:36ZLUHOHVVFKDQQHOZLUHOHVVFRQQHFWLRQVUDQJHWURXEOHVKRRWLQJZLUHOHVVGHYLFHVDGGLQJWRWKHQHWZRUN:LUHOHVV'LVWULEXWLRQ6\VWHP:'6:LUHOHVV/('VWURXEOHVKRRWLQJZLUHOHVVPRGHZLUHOHVVQHWZRUNQDPH66,'EURDGFDVWLQJGHVFULEHGZLUHOHVVQHWZRUNVHWWLQJVZLUHOHVVUDGLRZLUHOHVVUHSHDWLQJEDVHVWDWLRQUHSHDWHUXQLWZLUHOHVVVHFXULW\RSWLRQV:LUHOHVV6HWWLQJVVFUHHQFKHFNLQJIRUFRUUHFW66,'EURDGFDVW:00:L)L0XOWLPHGLD:3$HQFU\SWLRQ:3$HQFU\SWLRQ:3$36.HQFU\SWLRQ:3$36.HQFU\SWLRQ:3$36.:3$36.PL[HGPRGH:36EXWWRQ:3636.HQFU\SWLRQ:3636.:3$36.HQFU\SWLRQZURQJGDWHRUWLPH

Navigation menu