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'ULYH
6DQ-RVH&$
86$
-XO\
&(57,),&$7,21'5$)7
13HUVRQDO5RXWHU35
8VHU0DQXDO
NETGEAR
PR2000
WiFi
USB
USB
LAN
Internet/LAN
Reset
NETGEAR
Power
Internet
1RWH 7KLVGUDIWLVDFHUWLILFDWLRQGRFXPHQWDQG
WKHUHPLJKWEHVRPHGLIIHUHQFHVEHWZHHQ
WKLVXVHUPDQXDODQGWKHDFWXDOXQLW
13HUVRQDO5RXWHU35
6XSSRUW
7KDQN\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[
7UDGHPDUNV
1(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6HWXS
8QSDFN<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*($5JHQLH
5RXWHU6HWXS3UHSDUDWLRQ
8VH6WDQGDUG7&3,33URSHUWLHVIRU'+&3 
*DWKHU,63,QIRUPDWLRQ 
:LUHOHVV'HYLFHVDQG6HFXULW\6HWWLQJV 
7\SHVRI/RJLQVDQG$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+RPH
6HWXS: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%6WRUDJH
86%'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 $GPLQLVWUDWLRQ
8SJUDGHWKH5RXWHU)LUPZDUH 
9LHZ5RXWHU6WDWXV 
5RXWHU,QIRUPDWLRQ 
,QWHUQHW3RUW 
:LUHOHVV6HWWLQJV*+]DQG*+] 
*XHVW1HWZRUN*+]DQG*+] 
9LHZ/RJVRI:HE$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 
$GGD&XVWRP6HUYLFH
(GLWRU'HOHWHD3RUW)RUZDUGLQJ(QWU\
6HW8S3RUW7ULJJHULQJ
'\QDPLF'16 
6WDWLF5RXWHV 
5HPRWH0DQDJHPHQW 
86%6HWWLQJV 
8QLYHUVDO3OXJDQG3OD\ 
,3Y 
7UDIILF0HWHU 
&KDSWHU 7URXEOHVKRRWLQJ
4XLFN7LSV
6HTXHQFHWR5HVWDUW<RXU1HWZRUN 
&KHFN(WKHUQHW&DEOH&RQQHFWLRQV
:LUHOHVV6HWWLQJV
1HWZRUN6HWWLQJV
7URXEOHVKRRWZLWKWKH/('V 
3RZHU7HVW/(',V2IIRU%OLQNLQJ 
3RZHU7HVW/('6WD\V$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URXWHU
7KH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5RXWHU
2SHQWKHER[DQGUHPRYHWKHURXWHUDQGLQVWDOODWLRQJXLGH
NETGEAR
3RZHUSOXJ
1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*($5GHDOHU.HHSWKH
FDUWRQDQGRULJLQDOSDFNLQJPDWHULDOVLQFDVH\RXQHHGWRUHWXUQWKHSURGXFWIRUUHSDLU
3RVLWLRQ<RXU5RXWHU
7KHURXWHUOHWV\RXDFFHVV\RXUQHWZRUNIURPDQ\ZKHUHZLWKLQWKHRSHUDWLQJUDQJHRI\RXU
ZLUHOHVVQHWZRUN+RZHYHUWKHRSHUDWLQJGLVWDQFHRUUDQJHRI\RXUZLUHOHVVFRQQHFWLRQFDQ
YDU\VLJQLILFDQWO\GHSHQGLQJRQWKHSK\VLFDOSODFHPHQWRI\RXUURXWHU)RUH[DPSOHWKH
WKLFNQHVVDQGQXPEHURIZDOOVWKHZLUHOHVVVLJQDOSDVVHVWKURXJKFDQOLPLWWKHUDQJH)RU
EHVWUHVXOWVSODFH\RXUURXWHU
1HDUWKHFHQWHURIWKHDUHDZKHUH\RXUFRPSXWHUVDQGRWKHUGHYLFHVRSHUDWHDQG
SUHIHUDEO\ZLWKLQOLQHRIVLJKWWR\RXUZLUHOHVVGHYLFHV
6RLWLVDFFHVVLEOHWRDQ$&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EDVHRIDFRUGOHVVSKRQHRU
*+]RU*+]FRUGOHVVSKRQH
+DUGZDUH6HWXS
13HUVRQDO5RXWHU35
$ZD\IURPDQ\ODUJHPHWDOVXUIDFHVVXFKDVDVROLGPHWDOGRRURUDOXPLQXPVWXGV/DUJH
H[SDQVHVRIRWKHUPDWHULDOVVXFKDVJODVVLQVXODWHGZDOOVILVKWDQNVPLUURUVEULFNDQG
FRQFUHWHFDQDOVRDIIHFW\RXUZLUHOHVVVLJQDO
:KHQ\RXXVHPXOWLSOHDFFHVVSRLQWVLWLVEHWWHULIDGMDFHQWDFFHVVSRLQWVXVHGLIIHUHQWUDGLR
IUHTXHQF\FKDQQHOVWRUHGXFHLQWHUIHUHQFH7KHUHFRPPHQGHGFKDQQHOVSDFLQJEHWZHHQ
DGMDFHQWDFFHVVSRLQWVLVFKDQQHOVIRUH[DPSOHXVH&KDQQHOVDQGRUDQG
3UHSDUHWKH5RXWHU
7RHQVXUHSURSHUKHDWGLVVLSDWLRQDQGIRUURXWHUVWDELOLW\LWLVLPSRUWDQWWKDW\RXFRQQHFWWKH
VWDQGDQGSODFH\RXUURXWHULQDQXSULJKWSRVLWLRQ
¾7RSUHSDUH\RXUURXWHUIRULQVWDOODWLRQ
 &DUHIXOO\SHHORIIWKHSURWHFWLYHILOPFRYHULQJWKHHQGRI\RXUURXWHU
Power
Internet
USB
LAN
Internet/LAN
Reset
NETGEAR
+DUGZDUH6HWXS

13HUVRQDO5RXWHU35
 ,IQHFHVVDU\FKDQJHWKHSRZHUSOXJWRRQHWKDWLVFRPSDWLEOHZLWKWKHSRZHURXWOHWVLQ\RXU
ORFDWLRQ
NETGEAR
Internet
via
Wired
Power Off
Wireles
N
NETGEAR
NETGEAR
PR2000
Power
Internet
WiFi
USB
Wired
Power Off
Wireles
NETGEAR
Step 1 Step 2
 3ODFH\RXUURXWHULQDQDUHDVXLWDEOHIRULQVWDOODWLRQQHDUDQ$&SRZHURXWOHWDQGDFFHVVLEOH
WRWKH(WKHUQHWFDEOHVIRU\RXUZLUHGFRPSXWHUV
+DUGZDUH6HWXS

13HUVRQDO5RXWHU35
+DUGZDUH)HDWXUHV
7KH35SURYLGHVWKHIROORZLQJKDUGZDUHIHDWXUHV,QWHUQHW0RGHVZLWFKLQGLFDWRU/('V
FRQQHFWLRQSRUWVDQGUHVHWEXWWRQSRZHULQSXWVDQGSURGXFWODEHO
,QWHUQHW0RGH6ZLWFK
8VHWKHVZLWFKDWWKHWRSRIWKH35XQLWWRVHWWKH35,QWHUQHWPRGH
NETGEAR
NETGEAR
PR2000
Power
Internet
WiFi
USB
Internet
via
Wired
Power Off
Wireles
Internet
via
Wired
Power Off
Wireles
)LJXUH,QWHUQHW0RGHVZLWFK
7KH,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/('V
2SHQWKHVLGHFRYHUWRYLHZWKHLQGLFDWRU/('V
NETGEAR
NETGEAR
PR2000
Power
Internet
WiFi
USB
Wired
Power Off
Wireles
)LJXUH,QGLFDWRU/('V
7KHVH/('VVKRZKRZWKH35XQLWLVZRUNLQJ
/(' 'HVFULSWLRQ
3RZHU 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%XWWRQ
9LHZWKHFRQQHFWLRQSRUWVDQGUHVHWEXWWRQRQWKHERWWRPRIWKH35XQLW
WiFi
USB
USB
LAN
Internet/LAN
Reset
NE
TGEAR
Internet
)LJXUH&RQQHFWLRQSRUWVDQGUHVHWEXWWRQ
7KH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
NETGEAR
NETGEAR
PR2000
Power
Internet
WiFi
USB
Wired
Power Off
Wireles
NETGEAR
Step 1 Step 2
)LJXUH$&SRZHUFRQQHFWLRQ
PLFUR86%&RQQHFWLRQ
&RQQHFWDPLFUR86%FDEOHWRWKH35XQLWDQGWRD86%SRUWRQDQRWKHUGHYLFH
NETGEAR
Internet
via
Wired
Power Off
Wireles
)LJXUH0LFUR86%SRZHUFRQQHFWLRQ
+DUGZDUH6HWXS

13HUVRQDO5RXWHU35
3URGXFW/DEHO
7KH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
272-12047-01
N300 Personal Router
http://www.routerlogin.net
Model: PR2000
user name: admin
password: password
100-240V 50-60Hz, 0.3A
INDOOR USE ONLY
Made in China
This 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.
SER
100-240V 50-60Hz, 0.3A
INDOOR USE ONLY
272-12046-01
N300 Personal Router
Made in China
http://www.routerlogin.net
Model: PR2000
user name: admin
password: password
FCC ID: PY313200234
IC: 4054A-13200234
272-12048-01
N3
0
http
Mo
d
use
r
pas
s
Mad
e
Ⓟ
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
NETGEAR
NETGEAR
PR2000
Power
Internet
WiFi
USB
Wired
Power Off
Wireles
)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WRWKH(WKHUQHWSRUWRI
\RXU,QWHUQHWVHUYLFH
 8VHDQ(WKHUQHWFDEOHWRFRQQHFWWKH35(WKHUQHW/$1SRUWWRWKH(WKHUQHWSRUWRI\RXU
FRPSXWHU
 &RQQHFWWKH35XQLWWRDSRZHUVRXUFH
<RXFDQFRQQHFWWKH35XQLWHLWKHUWRDQ$&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QHWLQWKHDGGUHVVILHOGDQGSUHVVWKHHQWHU
NH\
 ,QWKHUHVXOWLQJVFUHHQWKDWGLVSOD\VHQWHUDGPLQIRU\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<HVDQG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
&RQQHFWLRQ
7KH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
NETGEAR
NETGEAR
PR2000
Power
Internet
WiFi
USB
Wired
Power Off
Wireles
)LJXUH:LUHOHVV:$1FRQQHFWLRQ
¾7R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QHWLQ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’T
NETGEAR
NETGEAR
PR2000
Power
Internet
WiFi
USB
Wired
Power Off
Wireles
NETGEAR
NETGEAR
PR2000
Power
Internet
WiFi
USB
Wired
Power Off
Wireles
:KHQSRVVLEOHFRQILJXUHWKH35XQLWDQGURXWHULQWKHVDPHURRP
 2SHQDZHEEURZVHUW\SHZZZURXWHUORJLQQHWLQ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.
$VFUHHQVLPLODUWRWKHIROORZLQJRQHGLVSOD\VWKDWVKRZVWKHDYDLODEOHZLUHOHVVQHWZRUNV
 0DNHVXUHWKDWWKH,DPLQDSXEOLFQHWZRUNFKHFNER[LVQRWVHOHFWHG
 6HOHFWWKHZLUHOHVVQHWZRUNWKDW\RXZDQWWRFRQQHFWWRDQGHQWHUWKHUHODWHGVHFXULW\
LQIRUPDWLRQIRUWKDWZLUHOHVVQHWZRUN
 &OLFN$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$GDSWHURQSDJH 
+DUGZDUH6HWXS

13HUVRQDO5RXWHU35
8VHWKH358QLWDVD7ZR3RUW:L)L$GDSWHU
2QFH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
NETGEAR
NETGEAR
PR2000
Power
Internet
WiFi
USB
Wired
Power Off
Wireles
)LJXUH7ZRSRUW:L)LDGDSWHU
6LPSO\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
NETGEAR
PR2000
WiFi
USB
USB
LAN
Internet/LAN
Reset
NETGEAR
Power
Internet
)LJXUH0RELOHEURDGEDQGFRQQHFWLRQ
&RQQHFW:LUHOHVV'HYLFHVWRWKH358QLW
8VH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URXWHU
7KLV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*($5JHQLHDXWRPDWLFDOO\RU\RXFDQXVHWKH*HQLH
PHQXVDQGVFUHHQVWRVHWXS\RXUURXWHUPDQXDOO\+RZHYHUEHIRUH\RXVWDUWWKHVHWXS
SURFHVV\RXQHHGWRKDYH\RXU,63LQIRUPDWLRQRQKDQGDQGPDNHVXUHWKHODSWRSV3&V
DQGRWKHUGHYLFHVLQWKHQHWZRUNKDYHWKHVHWWLQJVGHVFULEHGKHUH
8VH6WDQGDUG7&3,33URSHUWLHVIRU'+&3
,I\RXVHWXS\RXUFRPSXWHUWRXVHDVWDWLF,3DGGUHVV\RXQHHGWRFKDQJHWKHVHWWLQJVVR
WKDWLWXVHV'\QDPLF+RVW&RQILJXUDWLRQ3URWRFRO'+&3
*DWKHU,63,QIRUPDWLRQ
,I\RXKDYH'6/EURDGEDQGVHUYLFH\RXPLJKWQHHGWKHIROORZLQJLQIRUPDWLRQWRVHWXS\RXU
URXWHUDQGWRFKHFNWKDW\RXU,QWHUQHWFRQILJXUDWLRQLVFRUUHFW<RXU,QWHUQHWVHUYLFHSURYLGHU
,63VKRXOGKDYHSURYLGHG\RXZLWKDOORIWKHLQIRUPDWLRQQHHGHGWRFRQQHFWWRWKH,QWHUQHW,I
\RXFDQQRWORFDWHWKLVLQIRUPDWLRQDVN\RXU,63WRSURYLGHLW:KHQ\RXU,QWHUQHWFRQQHFWLRQ
LVZRUNLQJ\RXQRORQJHUQHHGWRODXQFKWKH,63ORJLQSURJUDPRQ\RXUFRPSXWHUWRDFFHVV
WKH,QWHUQHW:KHQ\RXVWDUWDQ,QWHUQHWDSSOLFDWLRQ\RXUURXWHUDXWRPDWLFDOO\ORJV\RXLQ
7KH,63FRQILJXUDWLRQLQIRUPDWLRQIRU\RXU'6/DFFRXQW
,63ORJLQQDPHDQGSDVVZRUG
)L[HGRUVWDWLF,3DGGUHVVVHWWLQJVVSHFLDOGHSOR\PHQWE\,63
:LUHOHVV'HYLFHVDQG6HFXULW\6HWWLQJV
0DNHVXUHWKDWWKHZLUHOHVVGHYLFHRUFRPSXWHUWKDW\RXDUHXVLQJVXSSRUWV:3$RU:3$
ZLUHOHVVVHFXULW\ZKLFKLVWKHZLUHOHVVVHFXULW\VXSSRUWHGE\WKHURXWHU6HH%DVLF:LUHOHVV
6HWWLQJVRQSDJH IRULQIRUPDWLRQDERXWWKHURXWHU¶VSUHFRQILJXUHGVHFXULW\VHWWLQJV
7\SHVRI/RJLQVDQG$FFHVV
7KHUH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ORJLQORJV\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6HWXS
1(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2IIEXWWRQ
 0DNHVXUHWKDW\RXUGHYLFHLVFRQQHFWHGZLWKDQ(WKHUQHWFDEOHWR\RXUURXWHU
 /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URXWHUWR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WRKWWS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*($5JHQLH

13HUVRQDO5RXWHU35
 /DXQFK\RXUEURZVHUIURPDFRPSXWHURUZLUHOHVVGHYLFHWKDWLVFRQQHFWHGWRWKHURXWHU
 7\SHKWWSZZZURXWHUORJLQQHWRUKWWSZZZURXWHUORJLQFRP
7KHORJLQZLQGRZGLVSOD\V
admin
********
 (QWHUDGPLQIRUWKHURXWHUXVHUQDPHDQGSDVVZRUGIRUWKHURXWHUSDVVZRUGERWKLQ
ORZHUFDVHOHWWHUV
1RWH7KHURXWHUXVHUQDPHDQGSDVVZRUGDUHGLIIHUHQWIURPWKHXVHUQDPH
DQGSDVVZRUGIRUORJJLQJLQWR\RXU,QWHUQHWFRQQHFWLRQ6HH7\SHVRI/RJLQV
DQG$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0HWKRG
¾7R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:36EXWWRQRQWKHURXWHU XQWLOWKH/('VWDWXVFKDQJHV
 :LWKLQPLQXWHVSUHVVWKH:36EXWWRQ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QHWZRUN
7KLVFKDSWHUH[SODLQVWKHIHDWXUHVDYDLODEOHIURPWKHJHQLH%DVLF+RPHVFUHHQVKRZQLQWKH
IROORZLQJILJXUH
SODFHKROGHU
7KLVFKDSWHUFRQWDLQVWKHIROORZLQJVHFWLRQV
,QWHUQHW6HWXS
$WWDFKHG'HYLFHV
3DUHQWDO&RQWUROV
5HDG\6+$5(86%6WRUDJH
%DVLF:LUHOHVV6HWWLQJV
*XHVW1HWZRUNV
JHQLH%DVLF6HWWLQJV

13HUVRQDO5RXWHU35
,QWHUQHW6HWXS
7KH,QWHUQHW6HWXSVFUHHQLVZKHUH\RXYLHZRUFKDQJH,63LQIRUPDWLRQ
 )URPWKH+RPHVFUHHQVHOHFW,QWHUQHW7KHIROORZLQJVFUHHQGLVSOD\V
6FUROOWR
YLHZ
PRUH
SODFHKROGHU
7KHILHOGVWKDWGLVSOD\LQWKH,QWHUQHW6HWXSVFUHHQGHSHQGRQZKHWKHU\RXU,QWHUQHW
FRQQHFWLRQUHTXLUHVDORJLQ
<HV6HOHFWWKHHQFDSVXODWLRQPHWKRGDQGHQWHUWKHORJLQQDPH,I\RXZDQWWR
FKDQJHWKHORJLQWLPHRXWHQWHUDQHZYDOXHLQPLQXWHV
1R(QWHUWKHDFFRXQWDQGGRPDLQQDPHVRQO\LIQHHGHG
 (QWHUWKHVHWWLQJVIRUWKH,3DGGUHVVDQG'16VHUYHU7KHGHIDXOWVHWWLQJVXVXDOO\ZRUNILQH
,I\RXKDYHSUREOHPVZLWK\RXUFRQQHFWLRQFKHFNWKH,63VHWWLQJV
 &OLFN$SSO\WRVDYH\RXUVHWWLQJV
 &OLFN7HVWWRWHVW\RXU,QWHUQHWFRQQHFWLRQ,IWKH1(7*($5ZHEVLWHGRHVQRWGLVSOD\ZLWKLQ
PLQXWHVHH&KDSWHU7URXEOHVKRRWLQJ
,QWHUQHW6HWXS6FUHHQ)LHOGV
7KHIROORZLQJGHVFULSWLRQVH[SODLQDOORIWKHSRVVLEOHILHOGVLQWKH,QWHUQHW6HWXSVFUHHQ7KH
ILHOGVZKLFKGLVSOD\LQWKLVVFUHHQGHSHQGRQZKHWKHUDQ,63ORJLQLVUHTXLUHG
'RHV<RXU,635HTXLUHD/RJLQ"$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&RQWUROV
7KH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&RQWUROVRQ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RU0DF8VHUVEXWWRQ
 )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[WDJDLQ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VFUHHQEXWWRQ
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
SODFHKROGHU
7KLV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6HWWLQJV
7KH: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:LUHOHVVWR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)LHOGV
5HJLRQ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1HWZRUN
1RWH 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EVXSSRUWVXSWR0ESV7KH0ESVVHWWLQJDOORZVQGHYLFHVWR
FRQQHFWDWWKLVVSHHG
6HFXULW\2SWLRQV6HWWLQJV
1RWH 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3DVVZRUG
1RWH 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1HWZRUNWRGLVSOD\WKHIROORZLQJVFUHHQ
6FUROOWR
YLHZPRUH
VHWWLQJV
SODFHKROGHU
6FUROOWR
YLHZPRUH
VHWWLQJV
SODFHKROGHU
 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+RPH
6SHFLI\LQJFXVWRPVHWWLQJV
7KLV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
SODFHKROGHU
7KLV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]DUG
7KH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*($5JHQLH
 6HOHFW6HWXS:L]DUGWRGLVSOD\WKHIROORZLQJVFUHHQ
SODFHKROGHU
 6HOHFWHLWKHU<HVRU1R,ZDQWWRFRQILJXUHWKHURXWHUP\VHOI,I\RXVHOHFW1R\RXDUH
WDNHQWRWKH,QWHUQHW6HWXSVFUHHQVHH,QWHUQHW6HWXSRQSDJH
 ,I\RXVHOHFWHG<HVFOLFN1H[W7KHIROORZLQJVFUHHQGLVSOD\V
SODFHKROGHU
7KH6HWXS:L]DUGVHDUFKHV\RXU,QWHUQHWFRQQHFWLRQIRUVHUYHUVDQGSURWRFROVWR
GHWHUPLQH\RXU,63FRQILJXUDWLRQ7KHIROORZLQJVFUHHQGLVSOD\V
SODFHKROGHU
JHQLH$GYDQFHG+RPH

13HUVRQDO5RXWHU35
:36:L]DUG
7KH: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$GYDQFHG!:36:L]DUG
 &OLFN1H[W7KHIROORZLQJVFUHHQOHWV\RXVHOHFWWKHPHWKRGIRUDGGLQJWKH:36FOLHQWD
ZLUHOHVVGHYLFHRUFRPSXWHU
SODFHKROGHU
<RXFDQXVHHLWKHUWKHSXVKEXWWRQRU3,1PHWKRG
 6HOHFWHLWKHU3XVK%XWWRQRU3,11XPEHU
7RXVHWKHSXVKEXWWRQPHWKRGHLWKHUFOLFNWKH:36EXWWRQRQWKLVVFUHHQRUSUHVV
WKH:36EXWWRQRQWKHVLGHRIWKHURXWHUXQWLOWKH/('VWDWXVFKDQJHV:LWKLQ
PLQXWHVJRWRWKHZLUHOHVVFOLHQWDQGSUHVVLWV:36EXWWRQWRMRLQWKHQHWZRUNZLWKRXW
HQWHULQJDSDVVZRUG
7RXVHWKH3,1PHWKRGVHOHFWWKH3,11XPEHUUDGLREXWWRQHQWHUWKHFOLHQWVHFXULW\
3,1DQGFOLFN1H[W
SODFHKROGHU
JHQLH$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0HQX
6HOHFW$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6HWXS
7KH:$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=6HUYHU
H77KH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:$16HWXSVFUHHQVHOHFWWKH'HIDXOW'0=6HUYHUFKHFNER[
 7\SHWKH,3DGGUHVV
 &OLFN$SSO\
&KDQJHWKH0786L]H
7KH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6HWXS
7KH/$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6HWXSWR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$GGEXWWRQ
 ,QWKH,3$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6HWXS
4R6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$GYDQFHG!6HWXS!4R66HWXSWRGLVSOD\WKHIROORZLQJVFUHHQ
SODFHKROGHU
(QDEOH:004R6IRU:LUHOHVV0XOWLPHGLD$SSOLFDWLRQV
7KH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*DPLQJ
¾7RFUHDWHD4R6SROLF\IRUDSSOLFDWLRQVDQGRQOLQHJDPHV
 ,QWKH4R66HWXSVFUHHQVHOHFWWKH7XUQ,QWHUQHW$FFHVV4R62QFKHFNER[
SODFHKROGHU
 &OLFNWKH6HWXS4R6UXOHEXWWRQ7KHH[LVWLQJSULRULW\UXOHVGLVSOD\
 7RHGLWDSULRULW\UXOHVHOHFWLWVUDGLREXWWRQDQGFOLFNWKH(GLWEXWWRQ
 7RGHOHWHDSULRULW\UXOHVHOHFWLWVUDGLREXWWRQDQGFOLFNWKH'HOHWHEXWWRQ
 7RGHOHWHDOORIWKHSULRULW\UXOHVFOLFNWKH'HOHWH$OOEXWWRQ
 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$SSOLFDWLRQVRU2QOLQH*DPLQJ$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
$SSOLFDWLRQRU$GGD1HZ*DPHDVDSSOLFDEOH
D ,I\RXDGGDQHZHQWU\WKH3ULRULW\5XOHVVFUHHQH[SDQGVDVVKRZQ
SODFHKROGHU
E ,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&38'3
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3RUW
¾7RFUHDWHD4R6SROLF\IRUDGHYLFHFRQQHFWHGWRRQHRIWKHURXWHU¶V/$1SRUWV
 6HOHFW$GYDQFHG!6HWXS!4R66HWXSWRGLVSOD\WKH4R66HWXSVFUHHQ6HOHFWWKH
7XUQ,QWHUQHW$FFHVV4R62QFKHFNER[
 &OLFNWKH6HWXS4R65XOHEXWWRQ
 &OLFNWKH$GG3ULRULW\5XOHEXWWRQ
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/$1SRUW\RXZDQWWRFUHDWHD4R6SROLF\IRU
 )URPWKH3ULRULW\OLVWVHOHFWWKHSULRULW\WKDWWKLVSRUW¶VWUDIILFVKRXOGUHFHLYHUHODWLYHWRRWKHU
DSSOLFDWLRQVDQGWUDIILFZKHQDFFHVVLQJWKH,QWHUQHW7KHRSWLRQVDUH/RZ1RUPDO+LJKDQG
+LJKHVW
 &OLFN$SSO\WRVDYHWKLVUXOHWRWKH4R63ROLF\OLVWDQGUHWXUQWRWKH4R66HWXSVFUHHQ
 ,QWKH4R66HWXSVFUHHQFOLFN$SSO\
4R6IRUD0$&$GGUHVV
¾7RFUHDWHD4R6SROLF\IRUWUDIILFIURPDVSHFLILF0$&DGGUHVV
 6HOHFW$GYDQFHG!6HWXS!4R66HWXSDQGFOLFNWKH6HWXS4R65XOHEXWWRQ7KH
4R66HWXSVFUHHQGLVSOD\V
 &OLFN$GG3ULRULW\5XOH
 )URPWKH3ULRULW\&DWHJRU\OLVWVHOHFW0$&$GGUHVVWR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$GGWRDGGWKLVUXOHWR0$&'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2QFKHFNER[
 &OLFN$SSO\
(GLWRU'HOHWHDQ([LVWLQJ4R63ROLF\
¾7RHGLWRUGHOHWHD4R6SROLF\
 6HOHFW$GYDQFHG!4R66HWXSWR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
GULYH
7KLV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5HTXLUHPHQWV
7KH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6HF
86% 0ELWV
86% 0ELWV
7KH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\VKDUH
7KH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+$5($FFHVV
2QFH\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/$1FDQDXWRPDWLFDOO\DFFHVVWKLV86%GULYH
XVLQJDZHEEURZVHURU0LFURVRIW1HWZRUNLQJ
 ,I\RXZDQWWRVSHFLI\UHDGRQO\DFFHVVRUWRDOORZDFFHVVIURPWKH,QWHUQHWVHH86%
6WRUDJH$GYDQFHG6HWWLQJVRQSDJH
6WRUH)LOHVLQD&HQWUDO/RFDWLRQIRU3ULQWLQJ
7KLV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
$IDPLO\PHPEHUKDVSKRWRVRQD0DFFRPSXWHUDQGZDQWVWRSULQWWKHP
7KHSKRWRFDSDEOHFRORUSULQWHULVGLUHFWO\DWWDFKHGWRD:LQGRZVFRPSXWHUEXWQRW
VKDUHGRQWKHQHWZRUN
7KH0DFDQG:LQGRZVFRPSXWHUDUHQRWYLVLEOHWRHDFKRWKHURQWKHQHWZRUN
¾7RSULQWSKRWRVIURPD0DFRQWKHSULQWHUDWWDFKHGWRD:LQGRZVFRPSXWHU
 2QWKH0DFDFFHVVWKH86%GULYHE\W\SLQJ??UHDG\VKDUHLQWKHDGGUHVVILHOGRIDZHE
EURZVHU7KHQFRS\WKHSKRWRVWRWKH86%GULYH
 2QWKH:LQGRZVFRPSXWHUXVHDZHEEURZVHURU0LFURVRIW1HWZRUNLQJWRFRS\WKHILOHV
IURPWKH86%GULYHWRWKH:LQGRZVFRPSXWHU3ULQWWKHILOHV
86%6WRUDJH

13HUVRQDO5RXWHU35
6KDUH/DUJH)LOHVRYHUWKH,QWHUQHW
6HQGLQJILOHVWKDWDUHODUJHUWKDQ0%FDQSRVHDSUREOHPIRUPDQ\HPDLOV\VWHPV7KH
URXWHUDOORZV\RXWRVKDUHODUJHILOHVVXFKDV3RZHU3RLQWSUHVHQWDWLRQVRU]LSILOHVRYHUWKH
,QWHUQHW)73FDQEHXVHGWRHDVLO\GRZQORDGVKDUHGILOHVIURPWKHURXWHU
6KDULQJILOHVZLWKDUHPRWHFROOHDJXHLQYROYHVWKHIROORZLQJFRQVLGHUDWLRQV
7KHUHDUHWZRXVHUDFFRXQWVDGPLQDQGJXHVW7KHSDVVZRUGIRUDGPLQLVWKHVDPHRQH
WKDW\RXXVHWRDFFHVVWKHURXWHU%\GHIDXOWLWLVSDVVZRUG7KHJXHVWXVHUDFFRXQWKDV
QRSDVVZRUG
2QWKH)73VLWHWKHSHUVRQUHFHLYLQJWKHILOHVVKRXOGXVHWKHJXHVWXVHUDFFRXQWDQG
HQWHUDQ\SDVVZRUG)73UHTXLUHVWKDW\RXW\SHVRPHWKLQJLQWKHSDVVZRUGILHOG
%HVXUHWRVHOHFWWKH)73YLD,QWHUQHWFKHFNER[LQWKH86%6WRUDJH$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%'ULYH
7R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'HYLFHVEXWWRQ7KH86%'ULYH$SSURYHG'HYLFHVVFUHHQGLVSOD\V
SODFHKROGHU
7KLVVFUHHQVKRZVWKHDSSURYHG86%GHYLFHVDQGWKHDYDLODEOH86%GHYLFHV<RXFDQ
UHPRYHRUDGGDSSURYHG86%GHYLFHV
 7RDGGDQDSSURYHG86%GHYLFHVHOHFWLWIURPWKH$YDLODEOH86%'HYLFHVOLVWDQGFOLFN
$GG
 6HOHFWWKH$OORZRQO\DSSURYHGGHYLFHVFKHFNER[
86%6WRUDJH

13HUVRQDO5RXWHU35
 &OLFN$SSO\VRWKDW\RXUFKDQJHWDNHVHIIHFW
,I\RXZDQWWRZRUNZLWKDQRWKHU86%GHYLFHFOLFNWKH6DIHO\5HPRYH86%'HYLFHEXWWRQ
IRUWKHFXUUHQWO\FRQQHFWHG86%GHYLFH&RQQHFWWKHRWKHU86%GHYLFHDQGUHSHDWWKLV
SURFHVV
&RQQHFWWRWKH86%'ULYHIURPD5HPRWH&RPSXWHU
7RFRQQHFWWRWKH86%GULYHIURPUHPRWHFRPSXWHUVZLWKDZHEEURZVHU\RXKDYHWRXVHWKH
URXWHU¶V,QWHUQHWSRUW,3DGGUHVV,I\RXDUHXVLQJ'\QDPLF'16\RXFDQW\SHWKH'16QDPH
UDWKHUWKDQWKH,3DGGUHVV<RXFDQYLHZWKHURXWHU¶V,QWHUQHW,3DGGUHVVIURPWKHGDVKERDUG
RQWKH%DVLF+RPHVFUHHQRUWKH$GYDQFHG+RPHVFUHHQ
$FFHVVWKH5RXWHU¶V86%'ULYH5HPRWHO\8VLQJ)73
¾7RFRQQHFWWRWKHURXWHU¶V86%GULYHXVLQJDZHEEURZVHU
 &RQQHFWWRWKHURXWHUE\W\SLQJIWSDQGWKH,QWHUQHWSRUW,3DGGUHVVLQWKHDGGUHVV
ILHOGRI,QWHUQHW([SORUHURU1HWVFDSH1DYLJDWRUIRUH[DPSOH
IWS
,I\RXDUHXVLQJ'\QDPLF'16\RXFDQW\SHWKH'16QDPHUDWKHUWKDQWKH,3DGGUHVV
 7\SHWKHDFFRXQWQDPHDQGSDVVZRUGWKDWKDVDFFHVVULJKWVWRWKH86%GULYH7KHXVHU
QDPHDFFRXQWQDPHIRU$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QHWZRUN
7KLV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7UDIILF
8VH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6LWHVWR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$GYDQFHG!6HFXULW\!%ORFN6HUYLFHVWRGLVSOD\WKHIROORZLQJVFUHHQ
SODFHKROGHU
 6HOHFWHLWKHU3HU6FKHGXOHRU$OZD\VWRHQDEOHVHUYLFHEORFNLQJDQGFOLFN$SSO\,I\RX
VHOHFWHG3HU6FKHGXOHVSHFLI\DWLPHSHULRGLQWKH6FKHGXOHVFUHHQDVGHVFULEHGLQ
6FKHGXOH%ORFNLQJRQSDJH
6HFXULW\

13HUVRQDO5RXWHU35
 &OLFN$GGWR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$GGWRHQDEOH\RXU%ORFN6HUYLFHV6HWXSVHOHFWLRQV
6FKHGXOH%ORFNLQJ
<RXFDQVSHFLI\WKHGD\VDQGWLPHWKDW\RXZDQWWREORFN,QWHUQHWDFFHVV
6HFXULW\

13HUVRQDO5RXWHU35
¾7RVFKHGXOHEORFNLQJ
 6HOHFW$GYDQFHG!6HFXULW\!6FKHGXOHWR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
$XWRPDWLFDOO\DGMXVWIRUGD\OLJKWVDYLQJVWLPHFKHFNER[
 &OLFN$SSO\WRVDYH\RXUVHWWLQJV
6HFXULW\(YHQW(PDLO1RWLILFDWLRQV
7R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$GYDQFHG!6HFXULW\!(PDLOWRGLVSOD\WKHIROORZLQJVFUHHQ
SODFHKROGHU
 7RUHFHLYHHPDLOORJVDQGDOHUWVIURPWKHURXWHUVHOHFWWKH7XUQ(PDLO1RWLILFDWLRQ2Q
FKHFNER[
 ,QWKH<RXU2XWJRLQJ0DLO6HUYHUILHOGHQWHUWKHQDPHRI\RXU,63¶VRXWJRLQJ6073PDLO
VHUYHUVXFKDVPDLOP\,63FRP<RXPLJKWEHDEOHWRILQGWKLVLQIRUPDWLRQLQWKH
FRQILJXUDWLRQVFUHHQRI\RXUHPDLOSURJUDP,I\RXOHDYHWKLVILHOGEODQNORJDQGDOHUW
PHVVDJHVDUHQRWVHQWE\HPDLO
 (QWHUWKHHPDLODGGUHVVWRZKLFKORJVDQGDOHUWVDUHVHQWLQWKH6HQGWR7KLV(PDLO$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

$GPLQLVWUDWLRQ
0DQDJLQJ\RXUQHWZRUN
7KLVFKDSWHUGHVFULEHVWKHURXWHUVHWWLQJVIRUDGPLQLVWHULQJDQGPDLQWDLQLQJ\RXUURXWHUDQG
KRPHQHWZRUN)RULQIRUPDWLRQDERXWXSJUDGLQJRUFKHFNLQJWKHVWDWXVRI\RXUURXWHURYHUWKH
,QWHUQHWVHHDOVR5HPRWH0DQDJHPHQWRQSDJH )RULQIRUPDWLRQDERXWPRQLWRULQJWKH
YROXPHRI,QWHUQHWWUDIILFSDVVLQJWKURXJK\RXUURXWHU¶V,QWHUQHWSRUWVHH7UDIILF0HWHURQ
SDJH 
7KLVFKDSWHULQFOXGHVWKHIROORZLQJVHFWLRQV
8SJUDGHWKH5RXWHU)LUPZDUH
9LHZ5RXWHU6WDWXV
9LHZ/RJVRI:HE$FFHVVRU$WWHPSWHG:HE$FFHVV
0DQDJHWKH&RQILJXUDWLRQ)LOH
6HW3DVVZRUG
$GPLQLVWUDWLRQ

13HUVRQDO5RXWHU35
8SJUDGHWKH5RXWHU)LUPZDUH
7KHURXWHUILUPZDUHURXWLQJVRIWZDUHLVVWRUHGLQIODVKPHPRU\<RXFDQXSGDWHWKH
ILUPZDUHIURPWKH$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8SGDWHWRGLVSOD\WKHIROORZLQJVFUHHQ
&OLFN
&KHFN
SODFHKROGHU
 &OLFN&KHFN
7KHURXWHUILQGVQHZILUPZDUHLIDQ\LVDYDLODEOH
 &OLFN<HVWR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
$GPLQLVWUDWLRQ

13HUVRQDO5RXWHU35
9LHZ5RXWHU6WDWXV
7RYLHZURXWHUVWDWXVDQGXVDJHLQIRUPDWLRQVHOHFW$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/$1DWWDFKHG
GHYLFHV
,QWHUQHW3RUW
0$&$GGUHVV7KH0HGLD$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%XWWRQ
2Q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VWDWLVWLFV
6\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
$GPLQLVWUDWLRQ

13HUVRQDO5RXWHU35
&RQQHFWLRQ6WDWXV%XWWRQ
2QWKH5RXWHU6WDWXVVFUHHQLQWKH,QWHUQHW&RQQHFWLRQSDQHFOLFNWKH&RQQHFWLRQ6WDWXV
EXWWRQWRYLHZFRQQHFWLRQVWDWXVLQIRUPDWLRQ
SODFHKROGHU
)LJXUH9LHZFRQQHFWLRQVWDWXVLQIRUPDWLRQ
7KH5HOHDVHEXWWRQUHWXUQVWKHVWDWXVRIDOOLWHPVWR7KH5HQHZEXWWRQUHIUHVKHVWKH
LWHPV7KH&ORVH:LQGRZEXWWRQFORVHVWKH&RQQHFWLRQ6WDWXVVFUHHQ
,3$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
$GPLQLVWUDWLRQ

13HUVRQDO5RXWHU35
:LUHOHVV6HWWLQJV*+]DQG*+]
SODFHKROGHU
7KHIROORZLQJVHWWLQJVDUHGLVSOD\HG
1DPH66,'7KHZLUHOHVVQHWZRUNQDPH66,'XVHGE\WKHURXWHU7KHGHIDXOWQDPHVIRU
WKH*+]QHWZRUNHQGVLQ*WRGLVWLQJXLVKLWIURPWKH*+]QHWZRUN
5HJLRQ7KHJHRJUDSKLFUHJLRQZKHUHWKHURXWHULVEHLQJXVHG,WPLJKWEHLOOHJDOWRXVHWKH
ZLUHOHVVIHDWXUHVRIWKHURXWHULQVRPHSDUWVRIWKHZRUOG
&KDQQHO,GHQWLILHVWKHRSHUDWLQJFKDQQHORIWKHZLUHOHVVSRUWEHLQJXVHG7KHGHIDXOW
FKDQQHOLV$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*+]
SODFHKROGHU
1DPH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$WWHPSWHG:HE$FFHVV
7KH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
SODFHKROGHU
7KH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)LOH
7KH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
$GPLQLVWUDWLRQ

13HUVRQDO5RXWHU35
%DFN8S6HWWLQJV
¾7REDFNXSWKHURXWHU¶VFRQILJXUDWLRQVHWWLQJV
 6HOHFW$GYDQFHG!$GPLQLVWUDWLRQ!%DFN8S6HWWLQJVWRGLVSOD\WKHIROORZLQJ
VFUHHQ
SODFHKROGHU
 &OLFN%DFN8SWR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6HWWLQJV
¾7RUHVWRUHFRQILJXUDWLRQVHWWLQJVWKDW\RXEDFNHGXS
 (QWHUWKHIXOOSDWKWRWKHILOHRQ\RXUQHWZRUNRUFOLFNWKH%URZVHEXWWRQWRILQGWKHILOH
 :KHQ\RXKDYHORFDWHGWKHFIJILOHFOLFNWKH5HVWRUHEXWWRQWRXSORDGWKHILOHWRWKHURXWHU
8SRQFRPSOHWLRQWKHURXWHUUHERRWV
:$51,1*
'RQRWLQWHUUXSWWKHUHERRWSURFHVV
(UDVH
8QGHU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/$1,3DGGUHVVWR
DQGHQDEOHVWKHURXWHU¶V'+&3
6HW3DVVZRUG
7KLVIHDWXUHDOORZV\RXWRFKDQJHWKHGHIDXOWSDVVZRUGWKDWLVXVHGWRORJLQWRWKHURXWHUZLWK
WKHXVHUQDPHDGPLQ
7KLVLVQRWWKHVDPHDVFKDQJLQJWKHSDVVZRUGIRUZLUHOHVVDFFHVV7KHODEHORQWKHERWWRP
RI\RXUURXWHUVKRZV\RXUXQLTXHZLUHOHVVQHWZRUNQDPH66,'DQGSDVVZRUGIRUZLUHOHVV
DFFHVVVHH3URGXFW/DEHORQSDJH 
¾7RVHWWKHSDVVZRUGIRUWKHXVHUQDPHDGPLQ
 6HOHFW$GYDQFHG!$GPLQLVWUDWLRQ!6HW3DVVZRUGWRGLVSOD\WKHIROORZLQJVFUHHQ
SODFHKROGHU
 7\SHWKHROGSDVVZRUGDQGW\SHWKHQHZSDVVZRUGWZLFHLQWKHILHOGVRQWKLVVFUHHQ
 ,I\RXZDQWWREHDEOHWRUHFRYHUWKHSDVVZRUGVHOHFWWKH(QDEOH3DVVZRUG5HFRYHU\
FKHFNER[
 &OLFN$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QHWZRUN
7KLV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
$GYDQFHG:LUHOHVV6HWWLQJV
6HOHFW$GYDQFHG!$GYDQFHG6HWXS!:LUHOHVV6HWWLQJVWRGLVSOD\WKHIROORZLQJVFUHHQ
6FUROOWRYLHZ
PRUHVHWWLQJV
SODFHKROGHU
7KHIROORZLQJVHWWLQJVDUHDYDLODEOHLQWKLVVFUHHQIRUWKH*+]DQG*+]EDQGV
(QDEOH:LUHOHVV5RXWHU5DGLR<RXFDQFRPSOHWHO\WXUQRIIWKHZLUHOHVVSRUWLRQRIWKH
ZLUHOHVVURXWHUE\FOHDULQJWKLVFKHFNER[6HOHFWWKLVFKHFNER[DJDLQWRHQDEOHWKHZLUHOHVV
SRUWLRQRIWKHURXWHU:KHQWKHZLUHOHVVUDGLRLVGLVDEOHGRWKHUPHPEHUVRI\RXUKRXVHKROG
FDQXVHWKHURXWHUE\FRQQHFWLQJWKHLUFRPSXWHUVWRWKHURXWHUZLWKDQ(WKHUQHWFDEOH
(QDEOH0+]&RH[LVWHQFH7KLVDSSOLHVRQO\WRWKH*+]EDQG7KH0+]
FRH[LVWHQFHIXQFWLRQLVHQDEOHGE\GHIDXOWZKHQWKHZLUHOHVVPRGHLVVHWWR8SWRPESV
0+=ZKLFKLVUHTXLUHGIRU:L)LFHUWLILFDWLRQ7KLVFKHFNER[LVJUD\HGRXWLIWKHZLUHOHVV
PRGHLVVHWWR8SWR0ESV
7KHURXWHUFDQUXQLQHLWKHU0+]PRGHRU0+]PRGHZKHQWKHZLUHOHVVPRGHLVVHWWR
8SWR0ESV:KHQWKH(QDEOH0+]&RH[LVWHQFHFKHFNER[LVVHOHFWHGWKHURXWHU
UXQVLQ0+]PRGHXQOHVVWKHUHLVDQRWKHUQHDUE\:L)LQHWZRUNLQWKHDUHDDOUHDG\
UXQQLQJLQ0+]PRGHRUWKHUHLVDZLUHOHVVDFFHVVSRLQWRQWKHVHFRQGDU\FKDQQHO,IWKDW
KDSSHQVWKHURXWHUUXQVLQ0+]PRGHWRFRH[LVWZLWKWKDWQHWZRUN
,I\RXZDQWWKHURXWHUWRDOZD\VUXQLQ0+]PRGHFOHDUWKLVFKHFNER[DQGFOLFN$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$:'6DOORZVDZLUHOHVV
QHWZRUNWREHH[SDQGHGWKURXJKPXOWLSOHDFFHVVSRLQWVLQVWHDGRIXVLQJDZLUHGEDFNERQHWR
OLQNWKHP7KHIROORZLQJILJXUHVKRZVDZLUHOHVVUHSHDWLQJVFHQDULR
NETGEAR
NETGEAR
PR2000
Power
Internet
WiFi
USB
Wired
Power Off
Wireles
5HSHDWHU
%DVHVWDWLRQ
DFFHVVSRLQW
DFFHVVSRLQW
SODFHKROGHU
)LJXUH:LUHOHVVUHSHDWLQJVFHQDULR
1RWH ,I\RXXVHWKHZLUHOHVVUHSHDWLQJIXQFWLRQ\RXQHHGWRVHOHFWHLWKHU
:(3RU1RQHDVDVHFXULW\RSWLRQLQWKH:LUHOHVV6HWXSVFUHHQ7KH
:(3RSWLRQGLVSOD\VRQO\LI\RXVHOHFWWKHZLUHOHVVPRGH8SWR
0ESVLQWKH:LUHOHVV6HWXSVFUHHQ
:LUHOHVVEDVHVWDWLRQ7KHURXWHUDFWVDVWKHSDUHQWDFFHVVSRLQWEULGJLQJWUDIILFWRDQG
IURPWKHFKLOGUHSHDWHUDFFHVVSRLQWDVZHOODVKDQGOLQJZLUHOHVVDQGZLUHGORFDOFRPSXWHUV
7RFRQILJXUHWKLVPRGH\RXKDYHWRNQRZWKH0$&DGGUHVVHVRIWKHFKLOGUHSHDWHUDFFHVV
SRLQW
$GYDQFHG6HWWLQJV

13HUVRQDO5RXWHU35
:LUHOHVVUHSHDWHU7KHURXWHUVHQGVDOOWUDIILFIURPLWVORFDOZLUHOHVVRUZLUHGFRPSXWHUVWRD
UHPRWHDFFHVVSRLQW7RFRQILJXUHWKLVPRGH\RXKDYHWRNQRZWKH0$&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!$GYDQFHG6HWXS!:LUHOHVV5HSHDWLQJWRYLHZRUFKDQJHZLUHOHVV
UHSHDWHUVHWWLQJVIRUWKHURXWHU
6FUROOWRYLHZ
PRUHVHWWLQJV
SODFHKROGHU
(QDEOH:LUHOHVV5HSHDWLQJ)XQFWLRQ6HOHFWWKHFKHFNER[IRUWKH*+]RU*+]
QHWZRUNWRXVHWKHZLUHOHVVUHSHDWLQJIXQFWLRQ
:LUHOHVV0$&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!$GYDQFHG6HWXS!:LUHOHVV5HSHDWLQJ)XQFWLRQWRGLVSOD\WKH
:LUHOHVV5HSHDWLQJ)XQFWLRQVFUHHQ
6FUROOWRYLHZ
PRUHVHWWLQJV
SODFHKROGHU
 )RUWKHIUHTXHQF\\RXZDQWWRXVH*+]RU*+]VHOHFWWKH(QDEOH:LUHOHVV
5HSHDWLQJ)XQFWLRQFKHFNER[DQGVHOHFWWKH:LUHOHVV%DVH6WDWLRQUDGLREXWWRQ
 (QWHUWKH0$&DGGUHVVIRURQHRUPRUHUHSHDWHUXQLWV
 &OLFN$SSO\WRVDYH\RXUFKDQJHV
6HW8SD5HSHDWHU8QLW
8VH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$3
¾7RFRQILJXUHWKHURXWHUDVDUHSHDWHUXQLW
 /RJLQWRWKHURXWHUWKDWZLOOEHWKHUHSHDWHU6HOHFW%DVLF!:LUHOHVV6HWWLQJVDQG
YHULI\WKDWWKHZLUHOHVVVHWWLQJVPDWFKWKHEDVHXQLWH[DFWO\7KHZLUHOHVVVHFXULW\RSWLRQ
KDVWREHVHWWR:(3RU1RQH
 6HOHFW$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URXWHUFUHDWHV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URXWHUVWRUHV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URXWHUFKHFNV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URXWHUWKHQ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
$GYDQFHG6HWWLQJV

13HUVRQDO5RXWHU35
DOVRVHQGVDQ³LGHQWLI\´PHVVDJHWR\RXUFRPSXWHURQSRUW8VLQJSRUWWULJJHULQJ\RXFDQ
WHOOWKHURXWHU³:KHQ\RXLQLWLDWHDVHVVLRQZLWKGHVWLQDWLRQSRUW\RXKDYHWRDOVRDOORZ
LQFRPLQJWUDIILFRQSRUWWRUHDFKWKHRULJLQDWLQJFRPSXWHU´8VLQJVWHSVVLPLODUWRWKH
SUHFHGLQJH[DPSOHWKHIROORZLQJVHTXHQFHVKRZVWKHHIIHFWVRIWKHSRUWWULJJHULQJUXOH\RX
KDYHGHILQHG
 <RXRSHQDQ,5&FOLHQWSURJUDPWRVWDUWDFKDWVHVVLRQRQ\RXUFRPSXWHU
 <RXU,5&FOLHQWFRPSRVHVDUHTXHVWPHVVDJHWRDQ,5&VHUYHUXVLQJDGHVWLQDWLRQSRUW
QXPEHURIWKHVWDQGDUGSRUWQXPEHUIRUDQ,5&VHUYHUSURFHVV<RXUFRPSXWHUWKHQ
VHQGVWKLVUHTXHVWPHVVDJHWR\RXUURXWHU
 <RXUURXWHUFUHDWHVDQHQWU\LQLWVLQWHUQDOVHVVLRQWDEOHGHVFULELQJWKLVFRPPXQLFDWLRQ
VHVVLRQEHWZHHQ\RXUFRPSXWHUDQGWKH,5&VHUYHU<RXUURXWHUVWRUHVWKHRULJLQDO
LQIRUPDWLRQSHUIRUPV1HWZRUN$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URXWHUXVLQJ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URXWHUZLWKGHVWLQDWLRQSRUW
 8SRQUHFHLYLQJWKHLQFRPLQJPHVVDJHWRGHVWLQDWLRQSRUW\RXUURXWHUFKHFNVLWV
VHVVLRQWDEOHWRGHWHUPLQHZKHWKHUDQDFWLYHVHVVLRQIRUSRUWQXPEHUH[LVWV)LQGLQJ
DQDFWLYHVHVVLRQWKHURXWHUUHVWRUHV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URXWHUWKHQ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
$W\SLFDODSSOLFDWLRQRISRUWIRUZDUGLQJFDQEHVKRZQE\UHYHUVLQJWKHFOLHQWVHUYHU
UHODWLRQVKLSIURPWKHSUHYLRXVZHEVHUYHUH[DPSOH,QWKLVFDVHDUHPRWHFRPSXWHU¶V
EURZVHUQHHGVWRDFFHVVDZHEVHUYHUUXQQLQJRQDFRPSXWHULQ\RXUORFDOQHWZRUN8VLQJ
SRUWIRUZDUGLQJ\RXFDQWHOOWKHURXWHU³:KHQ\RXUHFHLYHLQFRPLQJWUDIILFRQSRUWWKH
VWDQGDUGSRUWQXPEHUIRUDZHEVHUYHUSURFHVVIRUZDUGLWWRWKHORFDOFRPSXWHUDW
´7KHIROORZLQJVHTXHQFHVKRZVWKHHIIHFWVRIWKHSRUWIRUZDUGLQJUXOH\RX
KDYHGHILQHG
 7KHXVHURIDUHPRWHFRPSXWHURSHQVDEURZVHUDQGUHTXHVWVDZHESDJHIURP
ZZZH[DPSOHFRPZKLFKUHVROYHVWRWKHSXEOLF,3DGGUHVVRI\RXUURXWHU7KHUHPRWH
FRPSXWHUFRPSRVHVDZHESDJHUHTXHVWPHVVDJHZLWKWKHIROORZLQJGHVWLQDWLRQ
LQIRUPDWLRQ
'HVWLQDWLRQDGGUHVV7KH,3DGGUHVVRIZZZH[DPSOHFRPZKLFKLVWKHDGGUHVVRI\RXU
URXWHU
'HVWLQDWLRQSRUWQXPEHUZKLFKLVWKHVWDQGDUGSRUWQXPEHUIRUDZHEVHUYHU
SURFHVV
7KHUHPRWHFRPSXWHUWKHQVHQGVWKLVUHTXHVWPHVVDJHWKURXJKWKH,QWHUQHWWR\RXU
URXWHU
 <RXUURXWHUUHFHLYHVWKHUHTXHVWPHVVDJHDQGORRNVLQLWVUXOHVWDEOHIRUDQ\UXOHVFRYHULQJ
WKHGLVSRVLWLRQRILQFRPLQJSRUWWUDIILF<RXUSRUWIRUZDUGLQJUXOHVSHFLILHVWKDWLQFRPLQJ
SRUWWUDIILFVKRXOGEHIRUZDUGHGWRORFDO,3DGGUHVV7KHUHIRUH\RXUURXWHU
PRGLILHVWKHGHVWLQDWLRQLQIRUPDWLRQLQWKHUHTXHVWPHVVDJH
7KHGHVWLQDWLRQDGGUHVVLVUHSODFHGZLWK
<RXUURXWHUWKHQVHQGVWKLVUHTXHVWPHVVDJHWR\RXUORFDOQHWZRUN
 <RXUZHEVHUYHUDWUHFHLYHVWKHUHTXHVWDQGFRPSRVHVDUHWXUQPHVVDJH
ZLWKWKHUHTXHVWHGZHESDJHGDWD<RXUZHEVHUYHUWKHQVHQGVWKLVUHSO\PHVVDJHWR\RXU
URXWHU
 <RXUURXWHUSHUIRUPV1HWZRUN$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7ULJJHULQJ
7KH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\
$GYDQFHG6HWWLQJV

13HUVRQDO5RXWHU35
3RUWIRUZDUGLQJUHTXLUHVWKDW\RXVSHFLI\WKHFRPSXWHU¶V,3DGGUHVVGXULQJFRQILJXUDWLRQ
DQGWKH,3DGGUHVVFDQQHYHUFKDQJH
3RUWWULJJHULQJUHTXLUHVVSHFLILFRXWERXQGWUDIILFWRRSHQWKHLQERXQGSRUWVDQGWKH
WULJJHUHGSRUWVDUHFORVHGDIWHUDSHULRGRIQRDFWLYLW\
3RUWIRUZDUGLQJLVDOZD\VDFWLYHDQGGRHVQRWQHHGWREHWULJJHUHG
6HW8S3RUW)RUZDUGLQJWR/RFDO6HUYHUV
8VLQJWKHSRUWIRUZDUGLQJIHDWXUH\RXFDQDOORZFHUWDLQW\SHVRILQFRPLQJWUDIILFWRUHDFK
VHUYHUVRQ\RXUORFDOQHWZRUN)RUH[DPSOH\RXPLJKWZDQWWRPDNHDORFDOZHEVHUYHU)73
VHUYHURUJDPHVHUYHUYLVLEOHDQGDYDLODEOHWRWKH,QWHUQHW
8VHWKH3RUW)RUZDUGLQJVFUHHQWRFRQILJXUHWKHURXWHUWRIRUZDUGVSHFLILFLQFRPLQJSURWRFROV
WRFRPSXWHUVRQ\RXUORFDOQHWZRUN,QDGGLWLRQWRVHUYHUVIRUVSHFLILFDSSOLFDWLRQV\RXFDQ
DOVRVSHFLI\DGHIDXOW'0=VHUYHUWRZKLFKDOORWKHULQFRPLQJSURWRFROVDUHIRUZDUGHG
%HIRUHVWDUWLQJ\RXQHHGWRGHWHUPLQHZKLFKW\SHRIVHUYLFHDSSOLFDWLRQRUJDPH\RXZDQW
WRSURYLGHDQGWKHORFDO,3DGGUHVVRIWKHFRPSXWHUWKDWSURYLGHVWKHVHUYLFH7KHVHUYHU
FRPSXWHUKDVWRDOZD\VKDYHWKHVDPH,3DGGUHVV
¾7RVHWXSSRUWIRUZDUGLQJ
7LS 7RHQVXUHWKDW\RXUVHUYHUFRPSXWHUDOZD\VKDVWKHVDPH,3DGGUHVV
XVHWKHUHVHUYHG,3DGGUHVVIHDWXUHRI\RXU13HUVRQDO5RXWHU
 6HOHFW$GYDQFHG6HWXS!3RUW)RUZDUGLQJ3RUW7ULJJHULQJWRGLVSOD\WKHIROORZLQJ
VFUHHQ
SODFHKROGHU
3RUW)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
$GGD&XVWRP6HUYLFH
7RGHILQHDVHUYLFHJDPHRUDSSOLFDWLRQWKDWGRHVQRWDSSHDULQWKH6HUYLFH1DPHOLVW\RX
KDYHWRILUVWGHWHUPLQHZKLFKSRUWQXPEHURUUDQJHRIQXPEHUVXVHGE\WKHDSSOLFDWLRQ<RX
FDQXVXDOO\GHWHUPLQHWKLVLQIRUPDWLRQE\FRQWDFWLQJWKHSXEOLVKHURIWKHDSSOLFDWLRQRUXVHU
JURXSVRUQHZVJURXSV
¾7RDGGDFXVWRPVHUYLFH
 6HOHFW$GYDQFHG!$GYDQFHG6HWXS!3RUW)RUZDUGLQJ3RUW7ULJJHULQJ
 6HOHFW3RUW)RUZDUGLQJDVWKHVHUYLFHW\SH
 &OLFNWKH$GG&XVWRP6HUYLFHEXWWRQ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URXWHUWR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DQGFRQILJXUH\RXUURXWHUWR
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DVVLJQHGE\\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7ULJJHULQJ
3RUW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7ULJJHULQJUDGLR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6HUYLFHWRGLVSOD\WKHIROORZLQJVFUHHQ
SODFHKROGHU
 ,QWKH6HUYLFH1DPHILHOGW\SHDGHVFULSWLYHVHUYLFHQDPH
 ,QWKH6HUYLFH8VHUOLVWVHOHFW$Q\WKHGHIDXOWWRDOORZWKLVVHUYLFHWREHXVHGE\DQ\
FRPSXWHURQWKH,QWHUQHW2WKHUZLVHVHOHFW6LQJOHDGGUHVVDQGHQWHUWKH,3DGGUHVVRI
RQHFRPSXWHUWRUHVWULFWWKHVHUYLFHWRDSDUWLFXODUFRPSXWHU
 6HOHFWWKHVHUYLFHW\SHHLWKHU7&3RU8'3RUERWK7&38'3,I\RXDUHQRWVXUHVHOHFW
7&38'3
 ,QWKH7ULJJHULQJ3RUWILHOGHQWHUWKHQXPEHURIWKHRXWERXQGWUDIILFSRUWWKDWFDXVHVWKH
LQERXQGSRUWVWRRSHQ
 (QWHUWKHLQERXQGFRQQHFWLRQSRUWLQIRUPDWLRQLQWKH&RQQHFWLRQ7\SH6WDUWLQJ3RUWDQG
(QGLQJ3RUWILHOGV
 &OLFN$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$GYDQFHG6HWXS!'\QDPLF'16WRGLVSOD\WKHIROORZLQJ
VFUHHQ
SODFHKROGHU
¾7RVHWXS'\QDPLF'16
 5HJLVWHUIRUDQDFFRXQWZLWKRQHRIWKH'\QDPLF'16VHUYLFHSURYLGHUVZKRVH85/V
DSSHDULQWKH6HUYLFH3URYLGHUOLVW
 6HOHFWWKH8VHD'\QDPLF'166HUYLFHFKHFNER[
 6HOHFWWKH85/RI\RXU'\QDPLF'16VHUYLFHSURYLGHU)RUH[DPSOHIRU'\Q'16RUJ
VHOHFWZZZG\QGQVRUJ
 7\SHWKHKRVWQDPHRUGRPDLQQDPHWKDW\RXU'\QDPLF'16VHUYLFHSURYLGHUJDYH\RX
 7\SHWKHXVHUQDPHIRU\RXU'\QDPLF'16DFFRXQW7KLVLVWKHQDPHWKDW\RXXVHWRORJLQ
WR\RXUDFFRXQWQRW\RXUKRVWQDPH
 7\SHWKHSDVVZRUGRUNH\IRU\RXU'\QDPLF'16DFFRXQW
 &OLFN$SSO\WRVDYH\RXUFRQILJXUDWLRQ
6WDWLF5RXWHV
6WDWLF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1DPHILHOGW\SHDQDPHIRUWKLVVWDWLFURXWHIRULGHQWLILFDWLRQSXUSRVHVRQO\
 6HOHFWWKH3ULYDWHFKHFNER[LI\RXZDQWWROLPLWDFFHVVWRWKH/$1RQO\,I3ULYDWHLV
VHOHFWHGWKHVWDWLFURXWHLVQRWUHSRUWHGLQ5,3
 6HOHFWWKH$FWLYHFKHFN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0DQDJHPHQW
7KH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
SODFHKROGHU
1RWH%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2Q83Q3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3HULRG7KH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
$GYHUWLVHPHQW7LPHWR/LYH7KHWLPHWROLYHIRUWKHDGYHUWLVHPHQWLVPHDVXUHGLQKRSV
VWHSVIRUHDFK83Q3SDFNHWVHQW7KHWLPHWROLYHKRSFRXQWLVWKHQXPEHURIVWHSVD
EURDGFDVWSDFNHWLVDOORZHGWRSURSDJDWHIRUHDFK83Q3DGYHUWLVHPHQWEHIRUHLW
GLVDSSHDUV7KHQXPEHURIKRSVFDQUDQJHIURPWR7KHGHIDXOWYDOXHIRUWKH
DGYHUWLVHPHQWWLPHWROLYHLVKRSVZKLFKVKRXOGEHILQHIRUPRVWKRPHQHWZRUNV,I\RX
QRWLFHWKDWVRPHGHYLFHVDUHQRWEHLQJXSGDWHGRUUHDFKHGFRUUHFWO\LWPLJKWEH
QHFHVVDU\WRLQFUHDVHWKLVYDOXH
83Q33RUWPDS7DEOH7KH83Q33RUWPDS7DEOHGLVSOD\VWKH,3DGGUHVVRIHDFK83Q3
GHYLFHFXUUHQWO\DFFHVVLQJWKHURXWHUDQGZKLFKSRUWVLQWHUQDODQGH[WHUQDOWKDWGHYLFH
KDVRSHQHG7KH83Q33RUWPDS7DEOHDOVRGLVSOD\VZKDWW\SHRISRUWLVRSHQDQG
ZKHWKHUWKDWSRUWLVVWLOODFWLYHIRUHDFK,3DGGUHVV
 &OLFN$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'HWHFWVR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0HWHU
7UDIILF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!$GYDQFHG6HWXS!7UDIILF0HWHUWRGLVSOD\WKHIROORZLQJVFUHHQ
6FUROOWR
YLHZPRUH
VHWWLQJV
SODFHKROGHU
 7RHQDEOHWKHWUDIILFPHWHUVHOHFWWKH(QDEOH7UDIILF0HWHUFKHFNER[
 ,I\RXZRXOGOLNHWRUHFRUGDQGUHVWULFWWKHYROXPHRI,QWHUQHWWUDIILFVHOHFWWKH7UDIILF
YROXPHFRQWUROE\UDGLREXWWRQ<RXFDQVHOHFWRQHRIWKHIROORZLQJRSWLRQVIRUFRQWUROOLQJ
WKHWUDIILFYROXPH
1R/LPLW1RUHVWULFWLRQLVDSSOLHGZKHQWKHWUDIILFOLPLWLVUHDFKHG
'RZQORDGRQO\7KHUHVWULFWLRQLVDSSOLHGWRLQFRPLQJWUDIILFRQO\
%RWK'LUHFWLRQV7KHUHVWULFWLRQLVDSSOLHGWRERWKLQFRPLQJDQGRXWJRLQJWUDIILF
 <RXFDQOLPLWWKHDPRXQWRIGDWDWUDIILFDOORZHGSHUPRQWKE\VSHFLI\LQJKRZPDQ\0E\WHV
SHUPRQWKDUHDOORZHGRUE\VSHFLI\LQJKRZPDQ\KRXUVRIWUDIILFDUHDOORZHG
 6HWWKH7UDIILF&RXQWHUWREHJLQDWDVSHFLILFWLPHDQGGDWH
 6HWXS7UDIILF&RQWUROWRLVVXHDZDUQLQJPHVVDJHEHIRUHWKHPRQWKO\OLPLWRI0E\WHVRU
KRXUVLVUHDFKHG<RXFDQVHOHFWRQHRIWKHIROORZLQJWRRFFXUZKHQWKHOLPLWLVDWWDLQHG
7KH,QWHUQHW/('EOLQNVJUHHQRUDPEHU
7KH,QWHUQHWFRQQHFWLRQLVGLVFRQQHFWHGDQGGLVDEOHG
 6HWXS,QWHUQHW7UDIILF6WDWLVWLFVWRPRQLWRUWKHGDWDWUDIILFE\FOLFNLQJWKH7UDIILF6WDWXV
EXWWRQ<RXJHWDOLYHXSGDWHRQ,QWHUQHWWUDIILFVWDWXVRQ\RXUURXWHU
 &OLFN$SSO\WRVDYH\RXUVHWWLQJV
7URXEOHVKRRWLQJ

13HUVRQDO5RXWHU35
7URXEOHVKRRWLQJ
7KLV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7LSV
7KLVVHFWLRQGHVFULEHVWLSVIRUWURXEOHVKRRWLQJVRPHFRPPRQSUREOHPV
6HTXHQFHWR5HVWDUW<RXU1HWZRUN
%HVXUHWRUHVWDUW\RXUQHWZRUNLQWKLVVHTXHQFH
 7XUQRIIDQGXQSOXJWKHPRGHP
 7XUQRIIWKHURXWHUDQGFRPSXWHUV
 3OXJLQWKHPRGHPDQGWXUQLWRQ:DLWPLQXWHV
 7XUQRQWKHURXWHUDQGZDLWPLQXWHV
 7XUQRQWKHFRPSXWHUV
&KHFN(WKHUQHW&DEOH&RQQHFWLRQV
0DNH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/$1SRUW/('LVOLW
:LUHOHVV6HWWLQJV
0DNHVXUHWKDWWKHZLUHOHVVVHWWLQJVLQWKHFRPSXWHUDQGURXWHUPDWFKH[DFWO\
)RUDZLUHOHVVO\FRQQHFWHGFRPSXWHUWKHZLUHOHVVQHWZRUNQDPH66,'DQGZLUHOHVV
VHFXULW\VHWWLQJVRIWKHURXWHUDQGZLUHOHVVFRPSXWHUQHHGWRPDWFKH[DFWO\
,I\RXVHWXSDQDFFHVVOLVWLQWKH$GYDQFHG:LUHOHVV6HWWLQJVVFUHHQ\RXKDYHWRDGG
HDFKZLUHOHVVFRPSXWHUV0$&DGGUHVVWRWKHURXWHU¶VDFFHVVOLVW
1HWZRUN6HWWLQJV
0DNHVXUHWKDWWKHQHWZRUNVHWWLQJVRIWKHFRPSXWHUDUHFRUUHFW
:LUHGDQGZLUHOHVVO\FRQQHFWHGFRPSXWHUVQHHGWRKDYHQHWZRUN,3DGGUHVVHVRQWKH
VDPHQHWZRUNDVWKHURXWHU7KHVLPSOHVWZD\WRGRWKLVLVWRFRQILJXUHHDFKFRPSXWHUWR
REWDLQDQ,3DGGUHVVDXWRPDWLFDOO\XVLQJ'+&3
6RPHFDEOHPRGHPVHUYLFHSURYLGHUVUHTXLUH\RXWRXVHWKH0$&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\6HWWLQJVEXWWRQ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
 $FFHVVWKHURXWHULQWHUIDFHDWKWWSZZZURXWHUORJLQQHW
 6HOHFW$GPLQLVWUDWLRQ!5RXWHU6WDWXV
 &KHFNWKDWDQ,3DGGUHVVLVVKRZQIRUWKH,QWHUQHWSRUW,ILVVKRZQ\RXUURXWHUKDV
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FRPSXWHUV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FRPSXWHUV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$SSO\EXWWRQEHIRUHPRYLQJWR
DQRWKHUVFUHHQRUWDERU\RXUFKDQJHVDUHORVW
&OLFNWKH5HIUHVKRU5HORDGEXWWRQLQWKHZHEEURZVHU7KHFKDQJHVPLJKWKDYH
RFFXUUHGEXWWKHROGVHWWLQJVPLJKWEHLQWKHZHEEURZVHU¶VFDFKH
,QFRUUHFW'DWHRU7LPH
6HOHFW$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3DVVZRUG
7R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SLQJIROORZHG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FRQILJXUDWLRQ
9HULI\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/$1SDWKZRUNVFRUUHFWO\WHVWWKHSDWKIURP\RXUFRPSXWHUWRDUHPRWH
GHYLFH
 )URPWKH:LQGRZVWRROEDUFOLFNWKH6WDUWEXWWRQDQGVHOHFW5XQ
 ,QWKH:LQGRZV5XQZLQGRZW\SH
SLQJQ,3DGGUHVV!
ZKHUH,3DGGUHVV!LVWKH,3DGGUHVVRIDUHPRWHGHYLFHVXFKDV\RXU,63'16VHUYHU
,IWKHSDWKLVIXQFWLRQLQJFRUUHFWO\UHSOLHVDVVKRZQLQWKHSUHYLRXVVHFWLRQDUHGLVSOD\HG
,I\RXGRQRWUHFHLYHUHSOLHV
&KHFNWKDW\RXUFRPSXWHUKDVWKH,3DGGUHVVRI\RXUURXWHUOLVWHGDVWKHGHIDXOWJDWHZD\
,IWKH,3FRQILJXUDWLRQRI\RXUFRPSXWHULVDVVLJQHGE\'+&3WKLVLQIRUPDWLRQLVQRW
YLVLEOHLQ\RXUFRPSXWHU¶V1HWZRUN&RQWURO3DQHO9HULI\WKDWWKH,3DGGUHVVRIWKHURXWHU
LVOLVWHGDVWKHGHIDXOWJDWHZD\
&KHFNWRVHHWKDWWKHQHWZRUNDGGUHVVRI\RXUFRPSXWHUWKHSRUWLRQRIWKH,3DGGUHVV
VSHFLILHGE\WKHVXEQHWPDVNLVGLIIHUHQWIURPWKHQHWZRUNDGGUHVVRIWKHUHPRWHGHYLFH
&KHFNWKDW\RXUFDEOHRU'6/PRGHPLVFRQQHFWHGDQGIXQFWLRQLQJ
,I\RXU,63DVVLJQHGDKRVWQDPHWR\RXUFRPSXWHUHQWHUWKDWKRVWQDPHDVWKHDFFRXQW
QDPHLQWKH,QWHUQHW6HWWLQJVVFUHHQ
<RXU,63FRXOGEHUHMHFWLQJWKH(WKHUQHW0$&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,QIRUPDWLRQ
7KLV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EHKDYLRU
5RXWHUORJLQ 8VHUORJLQ85/ ZZZURXWHUORJLQFRPRUZZZURXWHUORJLQQHW
8VHU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WLPH
7LPH]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= 'LVDEOHG
7LPH]RQH *07IRU*53(8.
*07IRU58
*07IRU35
*07IRU$8
7LPH]RQHDGMXVWHGIRUGD\OLJKW
VDYLQJVWLPH
'LVDEOHG
6103 'LVDEOHG
)LUHZDOO ,QERXQGFRPPXQLFDWLRQVFRPLQJ
LQIURPWKH,QWHUQHW
'LVDEOHGH[FHSWWUDIILFRQSRUWWKH+773SRUW
2XWERXQGFRPPXQLFDWLRQVJRLQJ
RXWWRWKH,QWHUQHW
(QDEOHGDOO
6RXUFH0$&ILOWHULQJ 'LVDEOHG
:LUHOHVV :LUHOHVVFRPPXQLFDWLRQ (QDEOHG
66,'QDPH 6HHURXWHUODEHO
6HFXULW\ (QDEOHG
%URDGFDVW66,' (QDEOHG
7UDQVPLVVLRQVSHHG $XWR
&RXQWU\UHJLRQ 8QLWHG6WDWHVLQWKH86RWKHUZLVHYDULHVE\UHJLRQ
5)FKDQQHO *+]$XWR
2SHUDWLQJPRGH 8SWR0ESV
'DWDUDWH %HVW
2XWSXWSRZHU )XOO
0D[LPXPZLUHOHVV VLJQDO UDWH GHULYHG IURP ,((( 6WDQGDUG  VSHFLILFDWLRQV $FWXDO WKURXJKSXW YDULHV
1HWZRUN FRQGLWLRQV DQG HQYLURQPHQWDO IDFWRUV LQFOXGLQJ YROXPH RI QHWZRUN WUDIILF EXLOGLQJ PDWHULDOV DQG
FRQVWUXFWLRQDQGQHWZRUNRYHUKHDGORZHUDFWXDOGDWDWKURXJKSXWUDWH
7DEOH)DFWRU\GHIDXOWVHWWLQJVFRQWLQXHG
)HDWXUH 'HIDXOWEHKDYLRU
6XSSOHPHQWDO,QIRUPDWLRQ

13HUVRQDO5RXWHU35
7HFKQLFDO6SHFLILFDWLRQV
7DEOH355RXWHUVSHFLILFDWLRQV
)HDWXUH 'HVFULSWLRQ
'DWDDQGURXWLQJSURWRFROV 7&3,35,35,3'+&3333R(3373%LJSRQG'\QDPLF'1683Q3
DQG60%
3RZHUDGDSWHU 1RSRZHUDGDSWHU
,QSXWDOWHUQDWLQJFXUUHQW9a+]$
'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&RPSOLDQFH
1(7*($5ZLUHOHVVURXWHUVJDWHZD\V$3V
5HJXODWRU\&RPSOLDQFH,QIRUPDWLRQ
7KLVVHFWLRQLQFOXGHVXVHUUHTXLUHPHQWVIRURSHUDWLQJWKLVSURGXFWLQDFFRUGDQFHZLWK1DWLRQDOODZVIRUXVDJHRIUDGLR
VSHFWUXPDQGRSHUDWLRQRIUDGLRGHYLFHV)DLOXUHRIWKHHQGXVHUWRFRPSO\ZLWKWKHDSSOLFDEOHUHTXLUHPHQWVPD\
UHVXOWLQXQODZIXORSHUDWLRQDQGDGYHUVHDFWLRQDJDLQVWWKHHQGXVHUE\WKHDSSOLFDEOH1DWLRQDOUHJXODWRU\DXWKRULW\
7KLVSURGXFWVILUPZDUHOLPLWVRSHUDWLRQWRRQO\WKHFKDQQHOVDOORZHGLQDSDUWLFXODU5HJLRQRU&RXQWU\7KHUHIRUHDOO
RSWLRQVGHVFULEHGLQWKLVXVHUVJXLGHPD\QRWEHDYDLODEOHLQ\RXUYHUVLRQRIWKHSURGXFW
(XURSH±(8'HFODUDWLRQRI&RQIRUPLW\
3URGXFWVEHDULQJWKH PDUNLQJFRPSO\ZLWKWKHIROORZLQJ(8GLUHFWLYHV
(0&'LUHFWLYH(&
/RZ9ROWDJH'LUHFWLYH(&
,IWKLVSURGXFWKDVWHOHFRPPXQLFDWLRQVIXQFWLRQDOLW\LWDOVRFRPSOLHVZLWKWKHUHTXLUHPHQWVRIWKHIROORZLQJ(8
'LUHFWLYH
577('LUHFWLYH(&
&RPSOLDQFHZLWKWKHVHGLUHFWLYHVLPSOLHVFRQIRUPLW\WRKDUPRQL]HG(XURSHDQVWDQGDUGVWKDWDUHQRWHGLQWKH(8
'HFODUDWLRQRI&RQIRUPLW\
)RULQGRRUXVHRQO\9DOLGLQDOO(8PHPEHUVWDWHV()7$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8VHU
7KLV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([SRVXUH
7KLV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,QVWUXFWLRQV
7KLV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5HJXODWLRQV
7KLV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\&DQDGD
7KLV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7DEOH
7KH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[
$
DFFHVV
UHPRWH
YLHZLQJORJV
DFFHVVSRLQWV
DFFHVVLQJUHPRWHFRPSXWHU
DGGLQJ
FXVWRP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
EORFNLQJ
LQERXQG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\
GHOHWLQJ
FRQILJXUDWLRQ
NH\ZRUGV
SRUWIRUZDUGLQJHQWU\
4R6SROLF\
GHQLDORIVHUYLFH'R6SURWHFWLRQ
GHYLFHVDWWDFKHG
'+&3VHUYHU
'+&3VHWWLQJ
'0=VHUYHU
'16DGGUHVVHV
SULPDU\
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VHWWLQJV
OLVWRI
UHVWRULQJ
ILOHVKDULQJ
ILUPZDUHYHUVLRQ
ILUPZDUHXSJUDGLQJ
IUDJPHQWDWLRQOHQJWK
IUDJPHQWHGGDWDSDFNHWV
*
JDPHVRQOLQH4R6IRU
JDWHZD\,3DGGUHVV
*HQLH1(7*($5
VHWWLQJVDGYDQFHG
VHWWLQJVEDVLF
VHWXSLQLWLDO
XVLQJDIWHULQVWDOODWLRQ
JXHVWQHWZRUNV
+
KRVWQDPH
KRVWWUXVWHG
,
LQERXQGWUDIILFDOORZLQJRUEORFNLQJ
LQVWDOOLQJ
,QWHUQHWFRQQHFWLRQ
VHWWLQJ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DGGUHVVHV
FXUUHQW
'+&3
G\QDPLF
UHVHUYHG
,3VXEQHWPDVN
.
NH\ZRUGV
/
/$1SRUW
4R6IRU
VHWWLQJV
/$1VHWXS
ODQJXDJHVHWWLQJ
ODUJHILOHVVKDULQJ
OHDVH'+&3
/('V
WURXEOHVKRRWLQJ
ORFDOVHUYHUVSRUWIRUZDUGLQJWR
ORJJLQJLQ
ORJV
HPDLOLQJ
YLHZLQJ
0
0$&DGGUHVVHV
FXUUHQW
4R6IRU
PDLOVHUYHURXWJRLQJ
PDLQWHQDQFHVHWWLQJV
PDQDJLQJURXWHUUHPRWHO\
PHQXVGHVFULEHG
PHWULFYDOXH
PL[HGPRGHVHFXULW\RSWLRQV
078VL]H
PXOWLFDVWLQJ
1
1$71HWZRUN$GGUHVV7UDQVODWLRQ
1(7*($5*HQLH
VHWWLQJVDGYDQFHG
VHWWLQJVEDVLFLQLWLDO
VHWXSLQLWLDO
XVLQJDIWHULQVWDOODWLRQ
1HWZRUN7LPH3URWRFRO173
QHWZRUNFRUUHFWVHWWLQJVFKHFNLQJ
QHWZRUNUHVWDUWLQJ
QHWZRUNVJXHVW
2
RXWJRLQJPDLOVHUYHU

13HUVRQDO5RXWHU35
3
SDFNHWVIUDJPHQWHG
3DUHQWDO&RQWUROV
SDVVSKUDVHV
FKDQJLQJ
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
4
4R64XDOLW\RI6HUYLFH
5
UDGLR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
UHVWRULQJ
FRQILJXUDWLRQILOH
GHIDXOWIDFWRU\VHWWLQJV
URXWHULQWHUIDFHGHVFULEHG
URXWHUVWDWXVYLHZLQJ
6
VFKHGXOLQJNH\ZRUGDQGVHUYLFHEORFNLQJ
VHFRQGDU\'16
VHFXULW\
ILUHZDOOVHWWLQJV
VHHDOVRVHFXULW\RSWLRQV
VHFXULW\RSWLRQV
VHFXULW\3,1
VHQGLQJORJVE\HPDLO
VHUYLFHVEORFNLQJ
VHWWLQJVGHIDXOW6HHGHIDXOWIDFWRU\VHWWLQJV
6HWXS:L]DUG
VKDULQJILOHV
VLWHVEORFNLQJ
6073VHUYHU
VSHFLILFDWLRQVWHFKQLFDO
66,'
GHVFULEHG
VWDWLFURXWHV
VWDWXVURXWHUYLHZLQJ
VXEQHWPDVN
V\VWHPXSWLPH
7
WHFKQLFDO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
8
8QLYHUVDO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
9
YLHZLQJ
ORJV
URXWHUVWDWXV
:
:$1,3DGGUHVVWURXEOHVKRRWLQJ
:$1VHWXS
:L)L3URWHFWHG6HWXS:36
ZLUHOHVVFKDQQHO
ZLUHOHVVFRQQHFWLRQV
UDQJH
WURXEOHVKRRWLQJ
ZLUHOHVVGHYLFHVDGGLQJWRWKHQHWZRUN
:LUHOHVV'LVWULEXWLRQ6\VWHP:'6
:LUHOHVV/('VWURXEOHVKRRWLQJ
ZLUHOHVVPRGH
ZLUHOHVVQHWZRUNQDPH66,'
EURDGFDVWLQJ
GHVFULEHG
ZLUHOHVVQHWZRUNVHWWLQJV
ZLUHOHVVUDGLR
ZLUHOHVVUHSHDWLQJ
EDVHVWDWLRQ
UHSHDWHUXQLW
ZLUHOHVVVHFXULW\RSWLRQV
:LUHOHVV6HWWLQJVVFUHHQ
FKHFNLQJIRUFRUUHFW
66,'EURDGFDVW
:00:L)L0XOWLPHGLD
:3$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