Samsung Electronics Co SMG900R4 Multi-Band CDMA/ LTE Phone with WLAN, Bluetooth, RFID and ANT+ User Manual

Samsung Electronics Co Ltd Multi-Band CDMA/ LTE Phone with WLAN, Bluetooth, RFID and ANT+ Users Manual

Users Manual

8VHUPDQXDO60*5Draft 6.1 201[-0Y-2Y Only for Approval
XVLQJWKLVPDQXDO7KLVXVHUPDQXDOKDVEHHQVSHFLDOO\GHVLJQHGWRJXLGH\RXWKURXJKWKHIXQFWLRQVDQGIHDWXUHVRI\RXUPRELOHSKRQH7RJHWVWDUWHGTXLFNO\UHIHUWR³LQWURGXFLQJ\RXUPRELOHSKRQH,QVWUXFWLRQDOLFRQV%HIRUH\RXVWDUWIDPLOLDULVH\RXUVHOIZLWKWKHLFRQV\RXZLOOVHHLQWKLVPDQXDO :DUQLQJ²VLWXDWLRQVWKDWFRXOGFDXVHLQMXU\WR\RXUVHOIRURWKHUV&DXWLRQ²VLWXDWLRQVWKDWFRXOGFDXVHGDPDJHWR\RXUSKRQHRURWKHUHTXLSPHQW1RWH²QRWHVXVDJHWLSVRUDGGLWLRQDOLQIRUPDWLRQ ฀  5HIHUWR²SDJHVZLWKUHODWHGLQIRUPDWLRQIRUH[DPSOH ฀ p. 12 UHSUHVHQWV³VHHSDJH´®   )ROORZHGE\²WKHRUGHURIRSWLRQVRUPHQXV\RXPXVWVHOHFWWRSHUIRUPDVWHSIRUH[DPSOH,Q0HQXPRGHVHOHFW0HVVDJHV®&UHDWHQHZPHVVDJHUHSUHVHQWV0HVVDJHVIROORZHGE\&UHDWHQHZPHVVDJH>@   6TXDUHEUDFNHWV²SKRQHNH\VIRUH[DPSOH> @UHSUHVHQWVWKH3RZHU0HQXH[LWNH\! $QJOHGEUDFNHWV²VRIWNH\VWKDWFRQWUROGLIIHUHQWIXQFWLRQVDWHDFKVFUHHQIRUH[DPSOH2.!UHSUHVHQWVWKH2.VRIWNH\&RS\ULJKWLQIRUPDWLRQ5LJKWVWRDOOWHFKQRORJLHVDQGSURGXFWVWKDWFRPSULVHWKLVGHYLFHDUHWKHSURSHUW\RIWKHLUUHVSHFWLYHRZQHUVz%OXHWRRWKLVDUHJLVWHUHGWUDGHPDUNRIWKH%OXHWRRWK6,*,QFZRUOGZLGHz -DYDLVDWUDGHPDUNRI6XQ0LFURV\VWHPV,QFz :LQGRZV0HGLD3OD\HULVDUHJLVWHUHGWUDGHPDUNRI0LFURVRIW&RUSRUDWLRQ
FRQWHQWVVDIHW\DQGXVDJHLQIRUPDWLRQ 6DIHW\ZDUQLQJV 6DIHW\SUHFDXWLRQV ,PSRUWDQWXVDJHLQIRUPDWLRQ LQWURGXFLQJ\RXUPRELOHSKRQH 8QSDFN 3KRQHOD\RXW .H\V 'LVSOD\ ,FRQVDVVHPEOLQJDQGSUHSDULQJ\RXUPRELOHSKRQH ,QVWDOOWKH6,0FDUGDQGEDWWHU\ &KDUJHWKHEDWWHU\ XVLQJEDVLFIXQFWLRQV 7XUQ\RXUSKRQHRQDQGRII $FFHVVPHQXV &XVWRPLVH\RXUSKRQH 8VHEDVLFFDOOIXQFWLRQV 6HQGDQGYLHZPHVVDJHV $GGDQGILQGFRQWDFWV WURXEOHVKRRWLQJ VDIHW\DQGXVDJHLQIRUPDWLRQ &RPSO\ZLWKWKHIROORZLQJSUHFDXWLRQVWRDYRLGGDQJHURXVRULOOHJDOVLWXDWLRQVDQGHQVXUHSHDNSHUIRUPDQFHRI\RXUPRELOHSKRQH 6DIHW\ZDUQLQJV.HHS\RXUSKRQHDZD\IURPVPDOOFKLOGUHQDQGSHWV.HHS\RXUSKRQHDQGDOODFFHVVRULHVRXWRIWKHUHDFKRIVPDOOFKLOGUHQRUDQLPDOV6PDOOSDUWVPD\FDXVHFKRNLQJRUVHULRXVLQMXU\LIVZDOORZHG3URWHFW\RXUKHDULQJ
([FHVVLYHH[SRVXUHWRVRXQGDWKLJKYROXPHVFDQFDXVHKHDULQJGDPDJH$OZD\VWXUQWKHYROXPHGRZQEHIRUHSOXJJLQJWKHHDUSKRQHVLQWRDQDXGLRVRXUFHDQGXVHRQO\WKHPLQLPXPYROXPHVHWWLQJQHFHVVDU\WRKHDU\RXUFRQYHUVDWLRQRUPXVLF,QVWDOOPRELOHSKRQHVDQGHTXLSPHQWZLWKFDXWLRQ(QVXUHWKDWDQ\PRELOHSKRQHVRUUHODWHGHTXLSPHQWLQVWDOOHGLQ\RXUYHKLFOHDUHVHFXUHO\PRXQWHG$YRLGSODFLQJ\RXUSKRQHDQGDFFHVVRULHVQHDURULQDQDLUEDJGHSOR\PHQWDUHD,PSURSHUO\LQVWDOOHGZLUHOHVVHTXLSPHQWFDQFDXVHVHULRXVLQMXU\ZKHQDLUEDJVLQIODWHUDSLGO\+DQGOHDQGGLVSRVHRIEDWWHULHVDQGFKDUJHUVZLWKFDUHz 8VHRQO\6DPVXQJDSSURYHGEDWWHULHVDQGFKDUJHUVVSHFLILFDOO\GHVLJQHGIRU\RXUSKRQH,QFRPSDWLEOHEDWWHULHVDQGFKDUJHUVFDQFDXVHVHULRXVLQMXULHVRUGDPDJHWR\RXUSKRQHz 1HYHUGLVSRVHRIEDWWHULHVRUSKRQHVLQDILUH)ROORZDOOORFDOUHJXODWLRQVZKHQGLVSRVLQJXVHGEDWWHULHVRUSKRQHVz 1HYHUSODFHEDWWHULHVRUSKRQHVRQRULQKHDWLQJGHYLFHVVXFKDVPLFURZDYHRYHQVVWRYHVRUUDGLDWRUV%DWWHULHVPD\H[SORGHZKHQRYHUKHDWHGz 1HYHUFUXVKRUSXQFWXUHWKHEDWWHU\$YRLGH[SRVLQJWKHEDWWHU\WRKLJKH[WHUQDOSUHVVXUHZKLFKFDQOHDGWRDQLQWHUQDOVKRUWFLUFXLWDQGRYHUKHDWLQJ$YRLGLQWHUIHUHQFHZLWKSDFHPDNHUV0DLQWDLQDPLQLPXPRIFPLQFKHVEHWZHHQPRELOHSKRQHVDQGSDFHPDNHUVWRDYRLGSRWHQWLDOLQWHUIHUHQFHDVUHFRPPHQGHGE\PDQXIDFWXUHUVDQGWKHLQGHSHQGHQWUHVHDUFKJURXS:LUHOHVV7HFKQRORJ\5HVHDUFK,I\RXKDYHDQ\UHDVRQWRVXVSHFWWKDW\RXUSKRQHLVLQWHUIHULQJZLWKDSDFHPDNHURURWKHUPHGLFDOGHYLFHWXUQRIIWKHSKRQHLPPHGLDWHO\DQGFRQWDFWWKHPDQXIDFWXUHURIWKHSDFHPDNHURUPHGLFDOGHYLFHIRUJXLGDQFH7XUQRIIWKHSKRQHLQSRWHQWLDOO\H[SORVLYHHQYLURQPHQWV'RQRWXVH\RXUSKRQHDWUHIXHOOLQJSRLQWVVHUYLFHVWDWLRQVRUQHDUIXHOVRUFKHPLFDOV7XUQRII\RXUSKRQHZKHQHYHUGLUHFWHGE\ZDUQLQJVLJQVRULQVWUXFWLRQV<RXUSKRQHFRXOGFDXVHH[SORVLRQVRUILUHLQDQGDURXQGIXHORUFKHPLFDOVWRUDJHDQGWUDQVIHUDUHDVRUEODVWLQJDUHDV'RQRWVWRUHRUFDUU\IODPPDEOHOLTXLGVJDVHVRUH[SORVLYHPDWHULDOVLQWKHVDPHFRPSDUWPHQWDVWKHSKRQHLWVSDUWVRUDFFHVVRULHV5HGXFHWKHULVNRIUHSHWLWLYHPRWLRQLQMXULHV:KHQVHQGLQJWH[WPHVVDJHVRUSOD\LQJJDPHVRQ\RXUSKRQHKROGWKHSKRQHZLWKDUHOD[HGJULSSUHVVWKHNH\VOLJKWO\XVHVSHFLDOIHDWXUHVWKDWUHGXFHWKHQXPEHURINH\V\RXKDYHWRSUHVVVXFKDVWHPSODWHVDQGSUHGLFWLYHWH[WDQGWDNHIUHTXHQWEUHDNV6DIHW\SUHFDXWLRQV
'ULYHVDIHO\DWDOOWLPHV$YRLGXVLQJ\RXUSKRQHZKLOHGULYLQJDQGREH\DOOUHJXODWLRQVWKDWUHVWULFWWKHXVHRIPRELOHSKRQHVZKLOHGULYLQJ8VHKDQGVIUHHDFFHVVRULHVWRLQFUHDVH\RXUVDIHW\ZKHQSRVVLEOH)ROORZDOOVDIHW\ZDUQLQJVDQGUHJXODWLRQV&RPSO\ZLWKDQ\UHJXODWLRQVWKDWUHVWULFWWKHXVHRIDPRELOHSKRQHLQDFHUWDLQDUHD8VHRQO\6DPVXQJDSSURYHGDFFHVVRULHV8VLQJLQFRPSDWLEOHDFFHVVRULHVPD\GDPDJH\RXUSKRQHRUFDXVHLQMXU\7XUQRIIWKHSKRQHQHDUPHGLFDOHTXLSPHQW<RXUSKRQHFDQLQWHUIHUHZLWKPHGLFDOHTXLSPHQWLQKRVSLWDOVRUKHDOWKFDUHIDFLOLWLHV)ROORZDOOUHJXODWLRQVSRVWHGZDUQLQJVDQGGLUHFWLRQVIURPPHGLFDOSHUVRQQHO7XUQRIIWKHSKRQHRUGLVDEOHWKHZLUHOHVVIXQFWLRQVZKHQLQDQDLUFUDIW<RXUSKRQHFDQFDXVHLQWHUIHUHQFHZLWKDLUFUDIWHTXLSPHQW)ROORZDOODLUOLQHUHJXODWLRQVDQGWXUQRII\RXUSKRQHRUVZLWFKWRDPRGHWKDWGLVDEOHVWKHZLUHOHVVIXQFWLRQVZKHQGLUHFWHGE\DLUOLQHSHUVRQQHO3URWHFWEDWWHULHVDQGFKDUJHUVIURPGDPDJH$YRLGH[SRVLQJEDWWHULHVWRYHU\FROGRUYHU\KRWWHPSHUDWXUHVEHORZ&)RUDERYH&)([WUHPHWHPSHUDWXUHVFDQUHGXFHWKHFKDUJLQJFDSDFLW\DQGOLIHRI\RXUEDWWHULHV3UHYHQWEDWWHULHVIURPFRQWDFWLQJPHWDOREMHFWVDVWKLVFDQFUHDWHDFRQQHFWLRQEHWZHHQWKHDQGWHUPLQDOVRI\RXUEDWWHULHVDQGOHDGWRWHPSRUDU\RUSHUPDQHQWEDWWHU\GDPDJH1HYHUXVHDGDPDJHGFKDUJHURUEDWWHU\+DQGOH\RXUSKRQHFDUHIXOO\DQGVHQVLEO\'RQRWDOORZ\RXUSKRQHWRJHWZHW²OLTXLGVFDQFDXVHVHULRXVGDPDJH'RQRWKDQGOH\RXUSKRQHZLWKZHWKDQGV:DWHUGDPDJHWR\RXUSKRQHFDQYRLG\RXUPDQXIDFWXUHU¶VZDUUDQW\z $YRLGXVLQJRUVWRULQJ\RXUSKRQHLQGXVW\GLUW\DUHDVWRSUHYHQWGDPDJHWRPRYLQJSDUWVz <RXUSKRQHLVDFRPSOH[HOHFWURQLFGHYLFH²SURWHFWLWIURPLPSDFWVDQGURXJKKDQGOLQJWRDYRLGVHULRXVGDPDJHz 'RQRWSDLQW\RXUSKRQHDVSDLQWFDQFORJPRYLQJSDUWVDQGSUHYHQWSURSHURSHUDWLRQz $YRLGXVLQJWKHSKRQH¶VFDPHUDIODVKRUOLJKWFORVHWRWKHH\HVRIFKLOGUHQRUDQLPDOVz <RXUSKRQHDQGPHPRU\FDUGVPD\EHGDPDJHGE\H[SRVXUHWRPDJQHWLFILHOGV'RQRWXVHFDUU\LQJFDVHVRUDFFHVVRULHVZLWKPDJQHWLFFORVXUHVRUDOORZ\RXUSKRQHWRFRPHLQFRQWDFWZLWKPDJQHWLFILHOGVIRUH[WHQGHGSHULRGVRIWLPH$YRLGLQWHUIHUHQFHZLWKRWKHUHOHFWURQLFGHYLFHV<RXUSKRQHHPLWVUDGLRIUHTXHQF\5)VLJQDOVWKDWPD\LQWHUIHUHZLWKXQVKLHOGHGRULPSURSHUO\VKLHOGHGHOHFWURQLFHTXLSPHQWVXFKDVSDFHPDNHUVKHDULQJDLGVPHGLFDOGHYLFHVDQGRWKHUHOHFWURQLFGHYLFHVLQKRPHVRUYHKLFOHV&RQVXOWWKH
PDQXIDFWXUHUVRI\RXUHOHFWURQLFGHYLFHVWRVROYHDQ\LQWHUIHUHQFHSUREOHPV\RXH[SHULHQFH ,PSRUWDQWXVDJHLQIRUPDWLRQ8VH\RXUSKRQHLQWKHQRUPDOSRVLWLRQ$YRLGFRQWDFWZLWK\RXUSKRQH¶VLQWHUQDODQWHQQD$OORZRQO\TXDOLILHGSHUVRQQHOWRVHUYLFH\RXUSKRQH$OORZLQJXQTXDOLILHGSHUVRQQHOWRVHUYLFH\RXUSKRQHPD\UHVXOWLQGDPDJHWR\RXUSKRQHDQGZLOOYRLG\RXUZDUUDQW\(QVXUHPD[LPXPEDWWHU\DQGFKDUJHUOLIHz $YRLGFKDUJLQJEDWWHULHVIRUPRUHWKDQDZHHNDVRYHUFKDUJLQJPD\VKRUWHQEDWWHU\OLIHz 2YHUWLPHXQXVHGEDWWHULHVZLOOGLVFKDUJHDQGPXVWEHUHFKDUJHGEHIRUHXVHz 'LVFRQQHFWFKDUJHUVIURPSRZHUVRXUFHVZKHQQRWLQXVHz 8VHEDWWHULHVRQO\IRUWKHLULQWHQGHGSXUSRVH+DQGOH6,0FDUGVDQGPHPRU\FDUGVZLWKFDUHz 'RQRWUHPRYHDFDUGZKLOHWKHSKRQHLVWUDQVIHUULQJRUDFFHVVLQJLQIRUPDWLRQDVWKLVFRXOGUHVXOWLQORVVRIGDWDDQGRUGDPDJHWRWKHFDUGRUSKRQHz 3URWHFWFDUGVIURPVWURQJVKRFNVVWDWLFHOHFWULFLW\DQGHOHFWULFDOQRLVHIURPRWKHUGHYLFHVz )UHTXHQWZULWLQJDQGHUDVLQJZLOOVKRUWHQWKHOLIHVSDQRIPHPRU\FDUGVz 'RQRWWRXFKJROGFRORXUHGFRQWDFWVRUWHUPLQDOVZLWK\RXUILQJHUVRUPHWDOREMHFWV,IGLUW\ZLSHWKHFDUGZLWKDVRIWFORWK(QVXUHDFFHVVWRHPHUJHQF\VHUYLFHV(PHUJHQF\FDOOVIURP\RXUSKRQHPD\QRWEHSRVVLEOHLQVRPHDUHDVRUFLUFXPVWDQFHV%HIRUHWUDYHOOLQJLQUHPRWHRUXQGHYHORSHGDUHDVSODQDQDOWHUQDWHPHWKRGRIFRQWDFWLQJHPHUJHQF\VHUYLFHVSHUVRQQHO Health and safety information([SRVXUHWR5DGLR)UHTXHQF\5)6LJQDOV &HUWLILFDWLRQ,QIRUPDWLRQ6$5<RXUZLUHOHVVSKRQHLVDUDGLRWUDQVPLWWHUDQGUHFHLYHU,WLVGHVLJQHGDQG
PDQXIDFWXUHGQRWWRH[FHHGWKHH[SRVXUHOLPLWVIRUUDGLRIUHTXHQF\5)HQHUJ\VHWE\WKH)HGHUDO&RPPXQLFDWLRQV&RPPLVVLRQ)&&RIWKH86JRYHUQPHQW7KHVH)&&H[SRVXUHOLPLWVDUHGHULYHGIURPWKHUHFRPPHQGDWLRQVRIWZRH[SHUWRUJDQL]DWLRQVWKH1DWLRQDO&RXQVHORQ5DGLDWLRQ3URWHFWLRQDQG0HDVXUHPHQW1&53DQGWKH,QVWLWXWHRI(OHFWULFDODQG(OHFWURQLFV(QJLQHHUV,(((,QERWKFDVHVWKHUHFRPPHQGDWLRQVZHUHGHYHORSHGE\VFLHQWLILFDQGHQJLQHHULQJH[SHUWVGUDZQIURPLQGXVWU\JRYHUQPHQWDQGDFDGHPLDDIWHUH[WHQVLYHUHYLHZVRIWKHVFLHQWLILFOLWHUDWXUHUHODWHGWRWKHELRORJLFDOHIIHFWVRI5)HQHUJ\7KHH[SRVXUHOLPLWVHWE\WKH)&&IRUZLUHOHVVPRELOHSKRQHVHPSOR\VDXQLWRIPHDVXUHPHQWNQRZQDVWKH6SHFLILF$EVRUSWLRQ5DWH6$57KH6$5LVDPHDVXUHRIWKHUDWHRIDEVRUSWLRQRI5)HQHUJ\E\WKHKXPDQERG\H[SUHVVHGLQXQLWVRIZDWWVSHUNLORJUDP:NJ7KH)&&UHTXLUHVZLUHOHVVSKRQHVWRFRPSO\ZLWKDVDIHW\OLPLWRIZDWWVSHUNLORJUDP:NJ7KH)&&H[SRVXUHOLPLWLQFRUSRUDWHVDVXEVWDQWLDOPDUJLQRIVDIHW\WRJLYHDGGLWLRQDOSURWHFWLRQWRWKHSXEOLFDQGWRDFFRXQWIRUDQ\YDULDWLRQVLQPHDVXUHPHQWV6$5WHVWVDUHFRQGXFWHGXVLQJVWDQGDUGRSHUDWLQJSRVLWLRQVDFFHSWHGE\WKH)&&ZLWKWKHSKRQHWUDQVPLWWLQJDWLWVKLJKHVWFHUWLILHGSRZHUOHYHOLQDOOWHVWHGIUHTXHQF\EDQGV$OWKRXJKWKH6$5LVGHWHUPLQHGDWWKHKLJKHVWFHUWLILHGSRZHUOHYHOWKHDFWXDO6$5OHYHORIWKHSKRQHZKLOHRSHUDWLQJFDQEHZHOOEHORZWKHPD[LPXPYDOXH7KLVLVEHFDXVHWKHSKRQHLVGHVLJQHGWRRSHUDWHDWPXOWLSOHSRZHUOHYHOVVRDVWRXVHRQO\WKHSRZHUUHTXLUHGWRUHDFKWKHQHWZRUN,QJHQHUDOWKHFORVHU\RXDUHWRDZLUHOHVVEDVHVWDWLRQDQWHQQDWKHORZHUWKHSRZHURXWSXW%HIRUHDQHZPRGHOSKRQHLVDYDLODEOHIRUVDOHWRWKHSXEOLFLWPXVWEHWHVWHGDQGFHUWLILHGWRWKH)&&WKDWLWGRHVQRWH[FHHGWKHH[SRVXUHOLPLWHVWDEOLVKHGE\WKH)&&7HVWVIRUHDFKPRGHOSKRQHDUHSHUIRUPHGLQSRVLWLRQVDQGORFDWLRQVHJDWWKHHDUDQGZRUQRQWKHERG\DVUHTXLUHGE\WKH)&&  )RUERG\ZRUQRSHUDWLRQWKLVPRGHOSKRQHKDVEHHQWHVWHGDQGPHHWVWKH)&&5)H[SRVXUHJXLGHOLQHVZKHQXVHGZLWKD6DPVXQJDFFHVVRU\GHVLJQDWHGIRUWKLVSURGXFWRUZKHQXVHGZLWKDQDFFHVVRU\WKDWFRQWDLQVQRPHWDODQGWKDWSRVLWLRQVWKHKDQGVHWDPLQLPXPRIFPIURPWKHERG\ 1RQFRPSOLDQFHZLWKWKHDERYHUHVWULFWLRQVPD\UHVXOWLQYLRODWLRQRI)&&5)H[SRVXUHJXLGHOLQHV6$5LQIRUPDWLRQRQWKLVDQGRWKHUPRGHOSKRQHVFDQEHYLHZHGRQOLQHDWKWWSZZZIFFJRYRHWHDIFFLG3OHDVHXVHWKHSKRQH)&&,'QXPEHUIRUVHDUFK$/60*56RPHWLPHVLWPD\EHQHFHVVDU\WRUHPRYHWKHEDWWHU\SDFNWRILQGWKHQXPEHU2QFH\RXKDYHWKH)&&,'QXPEHUIRUDSDUWLFXODUSKRQHIROORZWKHLQVWUXFWLRQVRQWKHZHEVLWHDQGLWVKRXOGSURYLGHYDOXHVIRUW\SLFDORUPD[LPXP6$5IRUDSDUWLFXODUSKRQH$GGLWLRQDOSURGXFWVSHFLILF6$5LQIRUPDWLRQFDQDOVREHREWDLQHGDWhttp://www.fcc.gov/encyclopedia/specific-absorption-rate-sar-cellular-telephones &RQVXPHU,QIRUPDWLRQRQ:LUHOHVV3KRQHV7KH86)RRGDQG'UXJ$GPLQLVWUDWLRQ)'$KDVSXEOLVKHGDVHULHVRI4XHVWLRQVDQG$QVZHUVIRUFRQVXPHUVUHODWLQJWRUDGLRIUHTXHQF\5)H[SRVXUHIURPZLUHOHVVSKRQHV7KH)'$SXEOLFDWLRQLQFOXGHVWKHIROORZLQJLQIRUPDWLRQ:KDWNLQGVRISKRQHVDUHWKHVXEMHFWRIWKLVXSGDWH"7KHWHUPZLUHOHVVSKRQHUHIHUVKHUHWRKDQGKHOGZLUHOHVVSKRQHVZLWKEXLOWLQ
DQWHQQDVRIWHQFDOOHG³FHOO´³PRELOH´RU³3&6´SKRQHV7KHVHW\SHVRIZLUHOHVVSKRQHVFDQH[SRVHWKHXVHUWRPHDVXUDEOHUDGLRIUHTXHQF\HQHUJ\5)EHFDXVHRIWKHVKRUWGLVWDQFHEHWZHHQWKHSKRQHDQGWKHXVHUVKHDG7KHVH5)H[SRVXUHVDUHOLPLWHGE\)HGHUDO&RPPXQLFDWLRQV&RPPLVVLRQVDIHW\JXLGHOLQHVWKDWZHUHGHYHORSHGZLWKWKHDGYLFHRI)'$DQGRWKHUIHGHUDOKHDOWKDQGVDIHW\DJHQFLHV:KHQWKHSKRQHLVORFDWHGDWJUHDWHUGLVWDQFHVIURPWKHXVHUWKHH[SRVXUHWR5)LVGUDVWLFDOO\ORZHUEHFDXVHDSHUVRQV5)H[SRVXUHGHFUHDVHVUDSLGO\ZLWKLQFUHDVLQJGLVWDQFHIURPWKHVRXUFH7KHVRFDOOHG³FRUGOHVVSKRQHV´ZKLFKKDYHDEDVHXQLWFRQQHFWHGWRWKHWHOHSKRQHZLULQJLQDKRXVHW\SLFDOO\RSHUDWHDWIDUORZHUSRZHUOHYHOVDQGWKXVSURGXFH5)H[SRVXUHVZHOOZLWKLQWKH)&&VFRPSOLDQFHOLPLWV'RZLUHOHVVSKRQHVSRVHDKHDOWKKD]DUG"7KHDYDLODEOHVFLHQWLILFHYLGHQFHGRHVQRWVKRZWKDWDQ\KHDOWKSUREOHPVDUHDVVRFLDWHGZLWKXVLQJZLUHOHVVSKRQHV7KHUHLVQRSURRIKRZHYHUWKDWZLUHOHVVSKRQHVDUHDEVROXWHO\VDIH:LUHOHVVSKRQHVHPLWORZOHYHOVRIUDGLRIUHTXHQF\HQHUJ\5)LQWKHPLFURZDYHUDQJHZKLOHEHLQJXVHG7KH\DOVRHPLWYHU\ORZOHYHOVRI5)ZKHQLQWKHVWDQGE\PRGH:KHUHDVKLJKOHYHOVRI5)FDQSURGXFHKHDOWKHIIHFWVE\KHDWLQJWLVVXHH[SRVXUHWRORZOHYHO5)WKDWGRHVQRWSURGXFHKHDWLQJHIIHFWVFDXVHVQRNQRZQDGYHUVHKHDOWKHIIHFWV0DQ\VWXGLHVRIORZOHYHO5)H[SRVXUHVKDYHQRWIRXQGDQ\ELRORJLFDOHIIHFWV6RPHVWXGLHVKDYHVXJJHVWHGWKDWVRPHELRORJLFDOHIIHFWVPD\RFFXUEXWVXFKILQGLQJVKDYHQRWEHHQFRQILUPHGE\DGGLWLRQDOUHVHDUFK,QVRPHFDVHVRWKHUUHVHDUFKHUVKDYHKDGGLIILFXOW\LQUHSURGXFLQJWKRVHVWXGLHVRULQGHWHUPLQLQJWKHUHDVRQVIRULQFRQVLVWHQWUHVXOWV:KDWLV)'$VUROHFRQFHUQLQJWKHVDIHW\RIZLUHOHVVSKRQHV"8QGHUWKHODZ)'$GRHVQRWUHYLHZWKHVDIHW\RIUDGLDWLRQHPLWWLQJFRQVXPHUSURGXFWVVXFKDVZLUHOHVVSKRQHVEHIRUHWKH\FDQEHVROGDVLWGRHVZLWKQHZGUXJVRUPHGLFDOGHYLFHV+RZHYHUWKHDJHQF\KDVDXWKRULW\WRWDNHDFWLRQLIZLUHOHVVSKRQHVDUHVKRZQWRHPLWUDGLRIUHTXHQF\HQHUJ\5)DWDOHYHOWKDWLVKD]DUGRXVWRWKHXVHU,QVXFKDFDVH)'$FRXOGUHTXLUHWKHPDQXIDFWXUHUVRIZLUHOHVVSKRQHVWRQRWLI\XVHUVRIWKHKHDOWKKD]DUGDQGWRUHSDLUUHSODFHRUUHFDOOWKHSKRQHVVRWKDWWKHKD]DUGQRORQJHUH[LVWV$OWKRXJKWKHH[LVWLQJVFLHQWLILFGDWDGRQRWMXVWLI\)'$UHJXODWRU\DFWLRQV)'$KDVXUJHGWKHZLUHOHVVSKRQHLQGXVWU\WRWDNHDQXPEHURIVWHSVLQFOXGLQJWKHIROORZLQJz ³6XSSRUWQHHGHGUHVHDUFKLQWRSRVVLEOHELRORJLFDOHIIHFWVRI5)RIWKHW\SHHPLWWHGE\ZLUHOHVVSKRQHVz ³'HVLJQZLUHOHVVSKRQHVLQDZD\WKDWPLQLPL]HVDQ\5)H[SRVXUHWRWKHXVHUWKDWLVQRWQHFHVVDU\IRUGHYLFHIXQFWLRQDQGz ³&RRSHUDWHLQSURYLGLQJXVHUVRIZLUHOHVVSKRQHVZLWKWKHEHVWSRVVLEOHLQIRUPDWLRQRQSRVVLEOHHIIHFWVRIZLUHOHVVSKRQHXVHRQKXPDQKHDOWK)'$EHORQJVWRDQLQWHUDJHQF\ZRUNLQJJURXSRIWKHIHGHUDODJHQFLHVWKDWKDYHUHVSRQVLELOLW\IRUGLIIHUHQWDVSHFWVRI5)VDIHW\WRHQVXUHFRRUGLQDWHGHIIRUWVDWWKHIHGHUDOOHYHO7KHIROORZLQJDJHQFLHVEHORQJWRWKLVZRUNLQJJURXSz ³1DWLRQDO,QVWLWXWHIRU2FFXSDWLRQDO6DIHW\DQG+HDOWKz ³(QYLURQPHQWDO3URWHFWLRQ$JHQF\z ³)HGHUDO&RPPXQLFDWLRQV&RPPLVVLRQz ³2FFXSDWLRQDO6DIHW\DQG+HDOWK$GPLQLVWUDWLRQz ³1DWLRQDO7HOHFRPPXQLFDWLRQVDQG,QIRUPDWLRQ$GPLQLVWUDWLRQ7KH1DWLRQDO,QVWLWXWHVRI+HDOWKSDUWLFLSDWHVLQVRPHLQWHUDJHQF\ZRUNLQJJURXS
DFWLYLWLHVDVZHOO)'$VKDUHVUHJXODWRU\UHVSRQVLELOLWLHVIRUZLUHOHVVSKRQHVZLWKWKH)HGHUDO&RPPXQLFDWLRQV&RPPLVVLRQ)&&$OOSKRQHVWKDWDUHVROGLQWKH8QLWHG6WDWHVPXVWFRPSO\ZLWK)&&VDIHW\JXLGHOLQHVWKDWOLPLW5)H[SRVXUH)&&UHOLHVRQ)'$DQGRWKHUKHDOWKDJHQFLHVIRUVDIHW\TXHVWLRQVDERXWZLUHOHVVSKRQHV)&&DOVRUHJXODWHVWKHEDVHVWDWLRQVWKDWWKHZLUHOHVVSKRQHQHWZRUNVUHO\XSRQ:KLOHWKHVHEDVHVWDWLRQVRSHUDWHDWKLJKHUSRZHUWKDQGRWKHZLUHOHVVSKRQHVWKHPVHOYHVWKH5)H[SRVXUHVWKDWSHRSOHJHWIURPWKHVHEDVHVWDWLRQVDUHW\SLFDOO\WKRXVDQGVRIWLPHVORZHUWKDQWKRVHWKH\FDQJHWIURPZLUHOHVVSKRQHV%DVHVWDWLRQVDUHWKXVQRWWKHSULPDU\VXEMHFWRIWKHVDIHW\TXHVWLRQVGLVFXVVHGLQWKLVGRFXPHQW:KDWDUHWKHUHVXOWVRIWKHUHVHDUFKGRQHDOUHDG\"7KHUHVHDUFKGRQHWKXVIDUKDVSURGXFHGFRQIOLFWLQJUHVXOWVDQGPDQ\VWXGLHVKDYHVXIIHUHGIURPIODZVLQWKHLUUHVHDUFKPHWKRGV$QLPDOH[SHULPHQWVLQYHVWLJDWLQJWKHHIIHFWVRIUDGLRIUHTXHQF\HQHUJ\5)H[SRVXUHVFKDUDFWHULVWLFRIZLUHOHVVSKRQHVKDYH\LHOGHGFRQIOLFWLQJUHVXOWVWKDWRIWHQFDQQRWEHUHSHDWHGLQRWKHUODERUDWRULHV$IHZDQLPDOVWXGLHVKRZHYHUKDYHVXJJHVWHGWKDWORZOHYHOVRI5)FRXOGDFFHOHUDWHWKHGHYHORSPHQWRIFDQFHULQODERUDWRU\DQLPDOV+RZHYHUPDQ\RIWKHVWXGLHVWKDWVKRZHGLQFUHDVHGWXPRUGHYHORSPHQWXVHGDQLPDOVWKDWKDGEHHQJHQHWLFDOO\HQJLQHHUHGRUWUHDWHGZLWKFDQFHUFDXVLQJFKHPLFDOVVRDVWREHSUHGLVSRVHGWRGHYHORSFDQFHULQDEVHQFHRI5)H[SRVXUH2WKHUVWXGLHVH[SRVHGWKHDQLPDOVWR5)IRUXSWRKRXUVSHUGD\7KHVHFRQGLWLRQVDUHQRWVLPLODUWRWKHFRQGLWLRQVXQGHUZKLFKSHRSOHXVHZLUHOHVVSKRQHVVRZHGRQWNQRZZLWKFHUWDLQW\ZKDWWKHUHVXOWVRIVXFKVWXGLHVPHDQIRUKXPDQKHDOWK7KUHHODUJHHSLGHPLRORJ\VWXGLHVKDYHEHHQSXEOLVKHGVLQFH'HFHPEHU%HWZHHQWKHPWKHVWXGLHVLQYHVWLJDWHGDQ\SRVVLEOHDVVRFLDWLRQEHWZHHQWKHXVHRIZLUHOHVVSKRQHVDQGSULPDU\EUDLQFDQFHUJOLRPDPHQLQJLRPDRUDFRXVWLFQHXURPDWXPRUVRIWKHEUDLQRUVDOLYDU\JODQGOHXNHPLDRURWKHUFDQFHUV1RQHRIWKHVWXGLHVGHPRQVWUDWHGWKHH[LVWHQFHRIDQ\KDUPIXOKHDOWKHIIHFWVIURPZLUHOHVVSKRQHV5)H[SRVXUHV+RZHYHUQRQHRIWKHVWXGLHVFDQDQVZHUTXHVWLRQVDERXWORQJWHUPH[SRVXUHVVLQFHWKHDYHUDJHSHULRGRISKRQHXVHLQWKHVHVWXGLHVZDVDURXQGWKUHH\HDUV:KDWUHVHDUFKLVQHHGHGWRGHFLGHZKHWKHU5)H[SRVXUHIURPZLUHOHVVSKRQHVSRVHVDKHDOWKULVN"$FRPELQDWLRQRIODERUDWRU\VWXGLHVDQGHSLGHPLRORJLFDOVWXGLHVRISHRSOHDFWXDOO\XVLQJZLUHOHVVSKRQHVZRXOGSURYLGHVRPHRIWKHGDWDWKDWDUHQHHGHG/LIHWLPHDQLPDOH[SRVXUHVWXGLHVFRXOGEHFRPSOHWHGLQDIHZ\HDUV+RZHYHUYHU\ODUJHQXPEHUVRIDQLPDOVZRXOGEHQHHGHGWRSURYLGHUHOLDEOHSURRIRIDFDQFHUSURPRWLQJHIIHFWLIRQHH[LVWV(SLGHPLRORJLFDOVWXGLHVFDQSURYLGHGDWDWKDWLVGLUHFWO\DSSOLFDEOHWRKXPDQSRSXODWLRQVEXWWHQRUPRUH\HDUVIROORZXSPD\EHQHHGHGWRSURYLGHDQVZHUVDERXWVRPHKHDOWKHIIHFWVVXFKDVFDQFHU7KLVLVEHFDXVHWKHLQWHUYDOEHWZHHQWKHWLPHRIH[SRVXUHWRDFDQFHUFDXVLQJDJHQWDQGWKHWLPHWXPRUVGHYHORSLIWKH\GRPD\EHPDQ\PDQ\\HDUV7KHLQWHUSUHWDWLRQRIHSLGHPLRORJLFDOVWXGLHVLVKDPSHUHGE\GLIILFXOWLHVLQPHDVXULQJDFWXDO5)H[SRVXUHGXULQJGD\WRGD\XVHRIZLUHOHVVSKRQHV0DQ\IDFWRUVDIIHFWWKLVPHDVXUHPHQWVXFKDVWKHDQJOHDWZKLFKWKHSKRQHLVKHOGRUZKLFKPRGHORISKRQHLVXVHG:KDWLV)'$GRLQJWRILQGRXWPRUHDERXWWKHSRVVLEOHKHDOWKHIIHFWVRIZLUHOHVVSKRQH5)"
)'$LVZRUNLQJZLWKWKH861DWLRQDO7R[LFRORJ\3URJUDPDQGZLWKJURXSVRILQYHVWLJDWRUVDURXQGWKHZRUOGWRHQVXUHWKDWKLJKSULRULW\DQLPDOVWXGLHVDUHFRQGXFWHGWRDGGUHVVLPSRUWDQWTXHVWLRQVDERXWWKHHIIHFWVRIH[SRVXUHWRUDGLRIUHTXHQF\HQHUJ\5))'$KDVEHHQDOHDGLQJSDUWLFLSDQWLQWKH:RUOG+HDOWK2UJDQL]DWLRQLQWHUQDWLRQDO(OHFWURPDJQHWLF)LHOGV(0)3URMHFWVLQFHLWVLQFHSWLRQLQ$QLQIOXHQWLDOUHVXOWRIWKLVZRUNKDVEHHQWKHGHYHORSPHQWRIDGHWDLOHGDJHQGDRIUHVHDUFKQHHGVWKDWKDVGULYHQWKHHVWDEOLVKPHQWRIQHZUHVHDUFKSURJUDPVDURXQGWKHZRUOG7KH3URMHFWKDVDOVRKHOSHGGHYHORSDVHULHVRISXEOLFLQIRUPDWLRQGRFXPHQWVRQ(0)LVVXHV)'$DQG&HOOXODU7HOHFRPPXQLFDWLRQV,QWHUQHW$VVRFLDWLRQ&7,$KDYHDIRUPDO&RRSHUDWLYH5HVHDUFKDQG'HYHORSPHQW$JUHHPHQW&5$'$WRGRUHVHDUFKRQZLUHOHVVSKRQHVDIHW\)'$SURYLGHVWKHVFLHQWLILFRYHUVLJKWREWDLQLQJLQSXWIURPH[SHUWVLQJRYHUQPHQWLQGXVWU\DQGDFDGHPLFRUJDQL]DWLRQV&7,$IXQGHGUHVHDUFKLVFRQGXFWHGWKURXJKFRQWUDFWVWRLQGHSHQGHQWLQYHVWLJDWRUV7KHLQLWLDOUHVHDUFKZLOOLQFOXGHERWKODERUDWRU\VWXGLHVDQGVWXGLHVRIZLUHOHVVSKRQHXVHUV7KH&5$'$ZLOODOVRLQFOXGHDEURDGDVVHVVPHQWRIDGGLWLRQDOUHVHDUFKQHHGVLQWKHFRQWH[WRIWKHODWHVWUHVHDUFKGHYHORSPHQWVDURXQGWKHZRUOG:KDWVWHSVFDQ,WDNHWRUHGXFHP\H[SRVXUHWRUDGLRIUHTXHQF\HQHUJ\IURPP\ZLUHOHVVSKRQH",IWKHUHLVDULVNIURPWKHVHSURGXFWVDQGDWWKLVSRLQWZHGRQRWNQRZWKDWWKHUHLVLWLVSUREDEO\YHU\VPDOO%XWLI\RXDUHFRQFHUQHGDERXWDYRLGLQJHYHQSRWHQWLDOULVNV\RXFDQWDNHDIHZVLPSOHVWHSVWRPLQLPL]H\RXUH[SRVXUHWRUDGLRIUHTXHQF\HQHUJ\5)6LQFHWLPHLVDNH\IDFWRULQKRZPXFKH[SRVXUHDSHUVRQUHFHLYHVUHGXFLQJWKHDPRXQWRIWLPHVSHQWXVLQJDZLUHOHVVSKRQHZLOOUHGXFH5)H[SRVXUHz ³,I\RXPXVWFRQGXFWH[WHQGHGFRQYHUVDWLRQVE\ZLUHOHVVSKRQHHYHU\GD\\RXFRXOGSODFHPRUHGLVWDQFHEHWZHHQ\RXUERG\DQGWKHVRXUFHRIWKH5)VLQFHWKHH[SRVXUHOHYHOGURSVRIIGUDPDWLFDOO\ZLWKGLVWDQFH)RUH[DPSOH\RXFRXOGXVHDKHDGVHWDQGFDUU\WKHZLUHOHVVSKRQHDZD\IURP\RXUERG\$JDLQWKHVFLHQWLILFGDWDGRQRWGHPRQVWUDWHWKDWZLUHOHVVSKRQHVDUHKDUPIXO%XWLI\RXDUHFRQFHUQHGDERXWWKH5)H[SRVXUHIURPWKHVHSURGXFWV\RXFDQXVHPHDVXUHVOLNHWKRVHGHVFULEHGDERYHWRUHGXFH\RXU5)H[SRVXUHIURPZLUHOHVVSKRQHXVH:KDWDERXWFKLOGUHQXVLQJZLUHOHVVSKRQHV"7KHVFLHQWLILFHYLGHQFHGRHVQRWVKRZDGDQJHUWRXVHUVRIZLUHOHVVSKRQHVLQFOXGLQJFKLOGUHQDQGWHHQDJHUV,I\RXZDQWWRWDNHVWHSVWRORZHUH[SRVXUHWRUDGLRIUHTXHQF\HQHUJ\5)WKHPHDVXUHVGHVFULEHGDERYHZRXOGDSSO\WRFKLOGUHQDQGWHHQDJHUVXVLQJZLUHOHVVSKRQHV5HGXFLQJWKHWLPHRIZLUHOHVVSKRQHXVHDQGLQFUHDVLQJWKHGLVWDQFHEHWZHHQWKHXVHUDQGWKH5)VRXUFHZLOOUHGXFH5)H[SRVXUH6RPHJURXSVVSRQVRUHGE\RWKHUQDWLRQDOJRYHUQPHQWVKDYHDGYLVHGWKDWFKLOGUHQEHGLVFRXUDJHGIURPXVLQJZLUHOHVVSKRQHVDWDOO)RUH[DPSOHWKHJRYHUQPHQWLQWKH8QLWHG.LQJGRPGLVWULEXWHGOHDIOHWVFRQWDLQLQJVXFKDUHFRPPHQGDWLRQLQ'HFHPEHU7KH\QRWHGWKDWQRHYLGHQFHH[LVWVWKDWXVLQJDZLUHOHVVSKRQHFDXVHVEUDLQWXPRUVRURWKHULOOHIIHFWV7KHLUUHFRPPHQGDWLRQWROLPLWZLUHOHVVSKRQHXVHE\FKLOGUHQZDVVWULFWO\SUHFDXWLRQDU\LWZDVQRWEDVHGRQVFLHQWLILFHYLGHQFHWKDWDQ\KHDOWKKD]DUGH[LVWV 'RKDQGVIUHHNLWVIRUZLUHOHVVSKRQHVUHGXFHULVNVIURPH[SRVXUHWR5)
HPLVVLRQV"6LQFHWKHUHDUHQRNQRZQULVNVIURPH[SRVXUHWR5)HPLVVLRQVIURPZLUHOHVVSKRQHVWKHUHLVQRUHDVRQWREHOLHYHWKDWKDQGVIUHHNLWVUHGXFHULVNV+DQGVIUHHNLWVFDQEHXVHGZLWKZLUHOHVVSKRQHVIRUFRQYHQLHQFHDQGFRPIRUW7KHVHV\VWHPVUHGXFHWKHDEVRUSWLRQRI5)HQHUJ\LQWKHKHDGEHFDXVHWKHSKRQHZKLFKLVWKHVRXUFHRIWKH5)HPLVVLRQVZLOOQRWEHSODFHGDJDLQVWWKHKHDG2QWKHRWKHUKDQGLIWKHSKRQHLVPRXQWHGDJDLQVWWKHZDLVWRURWKHUSDUWRIWKHERG\GXULQJXVHWKHQWKDWSDUWRIWKHERG\ZLOODEVRUEPRUH5)HQHUJ\:LUHOHVVSKRQHVPDUNHWHGLQWKH86DUHUHTXLUHGWRPHHWVDIHW\UHTXLUHPHQWVUHJDUGOHVVRIZKHWKHUWKH\DUHXVHGDJDLQVWWKHKHDGRUDJDLQVWWKHERG\(LWKHUFRQILJXUDWLRQVKRXOGUHVXOWLQFRPSOLDQFHZLWKWKHVDIHW\OLPLW'RZLUHOHVVSKRQHDFFHVVRULHVWKDWFODLPWRVKLHOGWKHKHDGIURP5)UDGLDWLRQZRUN"6LQFHWKHUHDUHQRNQRZQULVNVIURPH[SRVXUHWR5)HPLVVLRQVIURPZLUHOHVVSKRQHVWKHUHLVQRUHDVRQWREHOLHYHWKDWDFFHVVRULHVWKDWFODLPWRVKLHOGWKHKHDGIURPWKRVHHPLVVLRQVUHGXFHULVNV6RPHSURGXFWVWKDWFODLPWRVKLHOGWKHXVHUIURP5)DEVRUSWLRQXVHVSHFLDOSKRQHFDVHVZKLOHRWKHUVLQYROYHQRWKLQJPRUHWKDQDPHWDOOLFDFFHVVRU\DWWDFKHGWRWKHSKRQH6WXGLHVKDYHVKRZQWKDWWKHVHSURGXFWVJHQHUDOO\GRQRWZRUNDVDGYHUWLVHG8QOLNH³KDQGIUHH´NLWVWKHVHVRFDOOHG³VKLHOGV´PD\LQWHUIHUHZLWKSURSHURSHUDWLRQRIWKHSKRQH7KHSKRQHPD\EHIRUFHGWRERRVWLWVSRZHUWRFRPSHQVDWHOHDGLQJWRDQLQFUHDVHLQ5)DEVRUSWLRQ,Q)HEUXDU\WKH)HGHUDOWUDGH&RPPLVVLRQ)7&FKDUJHGWZRFRPSDQLHVWKDWVROGGHYLFHVWKDWFODLPHGWRSURWHFWZLUHOHVVSKRQHXVHUVIURPUDGLDWLRQZLWKPDNLQJIDOVHDQGXQVXEVWDQWLDWHGFODLPV$FFRUGLQJWR)7&WKHVHGHIHQGDQWVODFNHGDUHDVRQDEOHEDVLVWRVXEVWDQWLDWHWKHLUFODLP:KDWDERXWZLUHOHVVSKRQHLQWHUIHUHQFHZLWKPHGLFDOHTXLSPHQW"5DGLRIUHTXHQF\HQHUJ\5)IURPZLUHOHVVSKRQHVFDQLQWHUDFWZLWKVRPHHOHFWURQLFGHYLFHV)RUWKLVUHDVRQ)'$KHOSHGGHYHORSDGHWDLOHGWHVWPHWKRGWRPHDVXUHHOHFWURPDJQHWLFLQWHUIHUHQFH(0,RILPSODQWHGFDUGLDFSDFHPDNHUVDQGGHILEULOODWRUVIURPZLUHOHVVWHOHSKRQHV7KLVWHVWPHWKRGLVQRZSDUWRIDVWDQGDUGVSRQVRUHGE\WKH$VVRFLDWLRQIRUWKH$GYDQFHPHQWRI0HGLFDOLQVWUXPHQWDWLRQ$$0,7KHILQDOGUDIWDMRLQWHIIRUWE\)'$PHGLFDOGHYLFHPDQXIDFWXUHUVDQGPDQ\RWKHUJURXSVZDVFRPSOHWHGLQODWH7KLVVWDQGDUGZLOODOORZPDQXIDFWXUHUVWRHQVXUHWKDWFDUGLDFSDFHPDNHUVDQGGHILEULOODWRUVDUHVDIHIURPZLUHOHVVSKRQH(0,)'$KDVWHVWHGZLUHOHVVSKRQHVDQGKHOSHGGHYHORSDYROXQWDU\VWDQGDUGVSRQVRUHGE\WKH,QVWLWXWHRI(OHFWULFDODQG(OHFWURQLF(QJLQHHUV,(((7KLVVWDQGDUGVSHFLILHVWHVWPHWKRGVDQGSHUIRUPDQFHUHTXLUHPHQWVIRUKHDULQJDLGVDQGZLUHOHVVSKRQHVVRWKDWQRLQWHUIHUHQFHRFFXUVZKHQDSHUVRQXVHVDFRPSDWLEOHSKRQHDQGDFRPSDWLEOHKHDULQJDLGDWWKHVDPHWLPH7KLVVWDQGDUGZDVDSSURYHGE\WKH,(((LQ)'$FRQWLQXHVWRPRQLWRUWKHXVHRIZLUHOHVVSKRQHVIRUSRVVLEOHLQWHUDFWLRQVZLWKRWKHUPHGLFDOGHYLFHV6KRXOGKDUPIXOLQWHUIHUHQFHEHIRXQGWRRFFXU)'$ZLOOFRQGXFWWHVWLQJWRDVVHVVWKHLQWHUIHUHQFHDQGZRUNWRUHVROYHWKHSUREOHP$GGLWLRQDOLQIRUPDWLRQRQWKHVDIHW\RI5)H[SRVXUHVIURPYDULRXVVRXUFHVFDQEHREWDLQHGIURPWKHIROORZLQJRUJDQL]DWLRQVz )&&5)6DIHW\3URJUDP KWWSZZZIFFJRYRHWUIVDIHW\z (QYLURQPHQWDO3URWHFWLRQ$JHQF\(3$
 KWWSZZZHSDJRYUDGLDWLRQz 2FFXSDWLRQDO6DIHW\DQG+HDOWK$GPLQLVWUDWLRQV26+$   KWWSZZZRVKDJRY6/7&UDGLRIUHTXHQF\UDGLDWLRQLQGH[KWPOz 1DWLRQDOLQVWLWXWHIRU2FFXSDWLRQDO6DIHW\DQG+HDOWK1,26+ KWWSZZZFGFJRYQLRVK z :RUOGKHDOWK2UJDQL]DWLRQ:+2KWWSZZZZKRLQWSHKHPIz ,QWHUQDWLRQDO&RPPLVVLRQRQ1RQ,RQL]LQJ5DGLDWLRQ3URWHFWLRQKWWSZZZLFQLUSGHz 1DWLRQDO5DGLDWLRQ3URWHFWLRQ%RDUG8.KWWSZZZKSDUDGLDWLRQVHUYLFHVRUJXNUSDz 8SGDWHG86IRRGDQG'UXJ$GPLQLVWUDWLRQKWWSZZZIGDJRY5DGLDWLRQ(PLWWLQJ3URGXFWV5DGLDWLRQ(PLWWLQJ3URGXFWVDQG3URFHGXUHV+RPH%XVLQHVVDQG(QWHUWDLQPHQW&HOO3KRQHVGHIDXOWKWP5RDG6DIHW\<RXUZLUHOHVVSKRQHJLYHV\RXWKHSRZHUIXODELOLW\WRFRPPXQLFDWHE\YRLFHDOPRVWDQ\ZKHUHDQ\WLPH%XWDQLPSRUWDQWUHVSRQVLELOLW\DFFRPSDQLHVWKHEHQHILWVRIZLUHOHVVSKRQHVRQHWKDWHYHU\XVHUPXVWXSKROG:KHQGULYLQJDFDUGULYLQJLV\RXUILUVWUHVSRQVLELOLW\:KHQXVLQJ\RXUZLUHOHVVSKRQHEHKLQGWKHZKHHORIDFDUSUDFWLFHJRRGFRPPRQVHQVHDQGUHPHPEHUWKHIROORZLQJWLSV *HWWRNQRZ\RXUZLUHOHVVSKRQHDQGLWVIHDWXUHVVXFKDVVSHHGGLDODQGUHGLDO,IDYDLODEOHWKHVHIHDWXUHVKHOS\RXWRSODFH\RXUFDOOZLWKRXWWDNLQJ\RXUDWWHQWLRQRIIWKHURDG :KHQDYDLODEOHXVHDKDQGVIUHHGHYLFH,ISRVVLEOHDGGDQDGGLWLRQDOOD\HURIFRQYHQLHQFHDQGVDIHW\WR\RXUZLUHOHVVSKRQHZLWKRQHRIWKHPDQ\KDQGVIUHHDFFHVVRULHVDYDLODEOHWRGD\ 3RVLWLRQ\RXUZLUHOHVVSKRQHZLWKLQHDV\UHDFK%HDEOHWRDFFHVV\RXUZLUHOHVVSKRQHZLWKRXWUHPRYLQJ\RXUH\HVIURPWKHURDG,I\RXJHWDQLQFRPLQJFDOODWDQLQFRQYHQLHQWWLPHOHW\RXUYRLFHPDLODQVZHULWIRU\RX /HWWKHSHUVRQ\RXDUHVSHDNLQJZLWKNQRZ\RXDUHGULYLQJLIQHFHVVDU\VXVSHQGWKHFDOOLQKHDY\WUDIILFRUKD]DUGRXVZHDWKHUFRQGLWLRQV5DLQVOHHWVQRZLFHDQGHYHQKHDY\WUDIILFFDQEHKD]DUGRXV 'RQRWWDNHQRWHVRUORRNXSSKRQHQXPEHUVZKLOHGULYLQJ-RWWLQJGRZQD³WRGR´OLVWRUIOLSSLQJWKURXJK\RXUDGGUHVVERRNWDNHVDWWHQWLRQDZD\IURP\RXUSULPDU\UHVSRQVLELOLW\GULYLQJVDIHO\ 'LDOVHQVLEO\DQGDVVHVVWKHWUDIILFLISRVVLEOHSODFHFDOOVZKHQ\RXDUHQRWPRYLQJRUEHIRUHSXOOLQJLQWRWUDIILF7U\WRSODQFDOOVZKHQ\RXUFDUZLOOEHVWDWLRQDU\,I\RXQHHGWRPDNHDFDOOZKLOHPRYLQJGLDORQO\DIHZQXPEHUVFKHFNWKHURDGDQG\RXUPLUURUVWKHQFRQWLQXH 'RQRWHQJDJHLQVWUHVVIXORUHPRWLRQDOFRQYHUVDWLRQVWKDWPD\EHGLVWUDFWLQJ0DNHSHRSOH\RXDUHWDONLQJZLWKDZDUH\RXDUHGULYLQJDQGVXVSHQGFRQYHUVDWLRQVWKDWKDYHWKHSRWHQWLDOWRGLYHUW\RXUDWWHQWLRQIURPWKHURDG 8VH\RXUZLUHOHVVSKRQHWRFDOOIRUKHOS'LDORURWKHUORFDOHPHUJHQF\QXPEHULQWKHFDVHRIILUHWUDIILFDFFLGHQWRUPHGLFDOHPHUJHQFLHV5HPHPEHULWLVDIUHHFDOORQ\RXUZLUHOHVVSKRQH 8VH\RXUZLUHOHVVSKRQHWRKHOSRWKHUVLQHPHUJHQFLHV,I\RXVHHDQDXWR
DFFLGHQWFULPHLQSURJUHVVRURWKHUVHULRXVHPHUJHQF\ZKHUHOLYHVDUHLQGDQJHUFDOORURWKHUORFDOHPHUJHQF\QXPEHUDV\RXZRXOGZDQWRWKHUVWRGRIRU\RX&DOOURDGVLGHDVVLVWDQFHRUDVSHFLDOQRQHPHUJHQF\ZLUHOHVVDVVLVWDQFHQXPEHUZKHQQHFHVVDU\,I\RXVHHDEURNHQGRZQYHKLFOHSRVLQJQRVHULRXVKD]DUGDEURNHQWUDIILFVLJQDODPLQRUWUDIILFDFFLGHQWZKHUHQRRQHDSSHDUVLQMXUHGRUDYHKLFOH\RXNQRZWREHVWROHQFDOOURDGVLGHDVVLVWDQFHRURWKHUVSHFLDOQRQHPHUJHQF\QXPEHU³7KHZLUHOHVVLQGXVWU\UHPLQGV\RXWRXVH\RXUSKRQHVDIHO\ZKHQGULYLQJ´)RUPRUHLQIRUPDWLRQSOHDVHFDOO6$)(RUYLVLWRXUZHEVLWHZZZZRZFRPFRP3URYLGHGE\WKH&HOOXODU7HOHFRPPXQLFDWLRQV,QWHUQHW$VVRFLDWLRQ2SHUDWLQJ(QYLURQPHQW5HPHPEHUWRIROORZDQ\VSHFLDOUHJXODWLRQVLQIRUFHLQDQ\DUHDDQGDOZD\VVZLWFK\RXUSKRQHRIIZKHQHYHULWLVIRUELGGHQWRXVHLWRUZKHQLWPD\FDXVHLQWHUIHUHQFHRUGDQJHU:KHQFRQQHFWLQJWKHSKRQHRUDQ\DFFHVVRU\WRDQRWKHUGHYLFHUHDGLWVXVHUVJXLGHIRUGHWDLOHGVDIHW\LQVWUXFWLRQV'RQRWFRQQHFWLQFRPSDWLEOHSURGXFWV$VZLWKRWKHUPRELOHUDGLRWUDQVPLWWLQJHTXLSPHQWXVHUVDUHDGYLVHGWKDWIRUWKHVDWLVIDFWRU\RSHUDWLRQRIWKHHTXLSPHQWDQGIRUWKHVDIHW\RISHUVRQQHOLWLVUHFRPPHQGHGWKDWWKHHTXLSPHQWVKRXOGRQO\EHXVHGLQWKHQRUPDORSHUDWLQJSRVLWLRQ8VLQJ<RXU3KRQH1HDU2WKHU(OHFWURQLF'HYLFHV0RVWPRGHUQHOHFWURQLFHTXLSPHQWLVVKLHOGHGIURPUDGLRIUHTXHQF\5)VLJQDOV+RZHYHUFHUWDLQHOHFWURQLFHTXLSPHQWPD\QRWEHVKLHOGHGDJDLQVWWKH5)VLJQDOVIURP\RXUZLUHOHVVSKRQH&RQVXOWWKHPDQXIDFWXUHUWRGLVFXVVDOWHUQDWLYHV3DFHPDNHUV3DFHPDNHUPDQXIDFWXUHUVUHFRPPHQGWKDWDPLQLPXPGLVWDQFHRIFPLQFKHVEHPDLQWDLQHGEHWZHHQDZLUHOHVVSKRQHDQGDSDFHPDNHUWRDYRLGSRWHQWLDOLQWHUIHUHQFHZLWKWKHSDFHPDNHU7KHVHUHFRPPHQGDWLRQVDUHFRQVLVWHQWZLWKWKHLQGHSHQGHQWUHVHDUFKDQGUHFRPPHQGDWLRQVRI:LUHOHVV7HFKQRORJ\5HVHDUFK3HUVRQVZLWKSDFHPDNHUVz VKRXOGDOZD\VNHHSWKHSKRQHPRUHWKDQFPLQFKHVIURPWKHLUSDFHPDNHUZKHQWKHSKRQHLVVZLWFKHGRQz VKRXOGQRWFDUU\WKHSKRQHLQDEUHDVWSRFNHWz VKRXOGXVHWKHHDURSSRVLWHWKHSDFHPDNHUWRPLQLPL]HSRWHQWLDOLQWHUIHUHQFH,I\RXKDYHDQ\UHDVRQWRVXVSHFWWKDWLQWHUIHUHQFHLVWDNLQJSODFHVZLWFK\RXUSKRQHRIILPPHGLDWHO\+HDULQJ$LGV6RPHGLJLWDOZLUHOHVVSKRQHVPD\LQWHUIHUHZLWKVRPHKHDULQJDLGV,QWKHHYHQWRIVXFKLQWHUIHUHQFH\RXPD\ZLVKWRFRQVXOW\RXUKHDULQJDLGPDQXIDFWXUHUWRGLVFXVVDOWHUQDWLYHV2WKHU0HGLFDO'HYLFHV,I\RXXVHDQ\RWKHUSHUVRQDOPHGLFDOGHYLFHVFRQVXOWWKHPDQXIDFWXUHURI\RXUGHYLFHWRGHWHUPLQHLILWLVDGHTXDWHO\VKLHOGHGIURPH[WHUQDO5)HQHUJ\<RXUSK\VLFLDQPD\EHDEOHWRDVVLVW\RXLQREWDLQLQJWKLVLQIRUPDWLRQ6ZLWFK\RXUSKRQH
RIILQKHDOWKFDUHIDFLOLWLHVZKHQDQ\UHJXODWLRQVSRVWHGLQWKHVHDUHDVLQVWUXFW\RXWRGRVR+RVSLWDOVRUKHDOWKFDUHIDFLOLWLHVPD\EHXVLQJHTXLSPHQWWKDWFRXOGEHVHQVLWLYHWRH[WHUQDO5)HQHUJ\9HKLFOHV5)VLJQDOVPD\DIIHFWLPSURSHUO\LQVWDOOHGRULQDGHTXDWHO\VKLHOGHGHOHFWURQLFV\VWHPVLQPRWRUYHKLFOHV&KHFNZLWKWKHPDQXIDFWXUHURULWVUHSUHVHQWDWLYHUHJDUGLQJ\RXUYHKLFOH<RXVKRXOGDOVRFRQVXOWWKHPDQXIDFWXUHURIDQ\HTXLSPHQWWKDWKDVEHHQDGGHGWR\RXUYHKLFOH3RVWHG)DFLOLWLHV6ZLWFK\RXUSKRQHRIILQDQ\IDFLOLW\ZKHUHSRVWHGQRWLFHVUHTXLUH\RXWRGRVR3RWHQWLDOO\([SORVLYH(QYLURQPHQWV6ZLWFK\RXUSKRQHRIIZKHQLQDQ\DUHDZLWKDSRWHQWLDOO\H[SORVLYHDWPRVSKHUHDQGREH\DOOVLJQVDQGLQVWUXFWLRQV6SDUNVLQVXFKDUHDVFRXOGFDXVHDQH[SORVLRQRUILUHUHVXOWLQJLQERGLO\LQMXU\RUHYHQGHDWK8VHUVDUHDGYLVHGWRVZLWFKWKHSKRQHRIIZKLOHDWDUHIXHOLQJSRLQWVHUYLFHVWDWLRQ8VHUVDUHUHPLQGHGRIWKHQHHGWRREVHUYHUHVWULFWLRQVRQWKHXVHRIUDGLRHTXLSPHQWLQIXHOGHSRWVIXHOVWRUDJHDQGGLVWULEXWLRQDUHDVFKHPLFDOSODQWVRUZKHUHEODVWLQJRSHUDWLRQVDUHLQSURJUHVV$UHDVZLWKDSRWHQWLDOO\H[SORVLYHDWPRVSKHUHDUHRIWHQEXWQRWDOZD\VFOHDUO\PDUNHG7KH\LQFOXGHEHORZGHFNRQERDWVFKHPLFDOWUDQVIHURUVWRUDJHIDFLOLWLHVYHKLFOHVXVLQJOLTXHILHGSHWUROHXPJDVVXFKDVSURSDQHRUEXWDQHDUHDVZKHUHWKHDLUFRQWDLQVFKHPLFDOVRUSDUWLFOHVVXFKDVJUDLQGXVWRUPHWDOSRZGHUVDQGDQ\RWKHUDUHDZKHUH\RXZRXOGQRUPDOO\EHDGYLVHGWRWXUQRII\RXUYHKLFOHHQJLQH(PHUJHQF\&DOOV7KLVSKRQHOLNHDQ\ZLUHOHVVSKRQHRSHUDWHVXVLQJUDGLRVLJQDOVZLUHOHVVDQGODQGOLQHQHWZRUNVDVZHOODVXVHUSURJUDPPHGIXQFWLRQVZKLFKFDQQRWJXDUDQWHHFRQQHFWLRQLQDOOFRQGLWLRQV7KHUHIRUH\RXVKRXOGQHYHUUHO\VROHO\RQDQ\ZLUHOHVVSKRQHIRUHVVHQWLDOFRPPXQLFDWLRQVPHGLFDOHPHUJHQFLHVIRUH[DPSOH5HPHPEHUWRPDNHRUUHFHLYHDQ\FDOOVWKHSKRQHPXVWEHVZLWFKHGRQDQGLQDVHUYLFHDUHDZLWKDGHTXDWHVLJQDOVWUHQJWK(PHUJHQF\FDOOVPD\QRWEHSRVVLEOHRQDOOZLUHOHVVSKRQHQHWZRUNVRUZKHQFHUWDLQQHWZRUNVHUYLFHVDQGRUSKRQHIHDWXUHVDUHLQXVH&KHFNZLWKORFDOVHUYLFHSURYLGHUV7RPDNHDQHPHUJHQF\FDOO ,IWKHSKRQHLVQRWRQVZLWFKLWRQ .H\LQWKHHPHUJHQF\QXPEHUIRU\RXUSUHVHQWORFDWLRQIRUH[DPSOHRURWKHURIILFLDOHPHUJHQF\QXPEHU(PHUJHQF\QXPEHUVYDU\E\ORFDWLRQ 3UHVV ,IFHUWDLQIHDWXUHVDUHLQXVHFDOOEDUULQJIRUH[DPSOH\RXPD\ILUVWQHHGWRGHDFWLYDWHWKRVHIHDWXUHVEHIRUH\RXFDQPDNHDQHPHUJHQF\FDOO&RQVXOWWKLVGRFXPHQWDQG\RXUORFDOFHOOXODUVHUYLFHSURYLGHU:KHQPDNLQJDQHPHUJHQF\FDOOUHPHPEHUWRJLYHDOOWKHQHFHVVDU\LQIRUPDWLRQDVDFFXUDWHO\DVSRVVLEOH5HPHPEHUWKDW\RXUSKRQHPD\EHWKHRQO\PHDQVRIFRPPXQLFDWLRQDWWKHVFHQHRIDQDFFLGHQWGRQRWFXWRIIWKHFDOOXQWLOJLYHQSHUPLVVLRQWRGRVR5HVWULFWLQJ&KLOGUHQVDFFHVVWR\RXU3KRQH<RXUSKRQHLVQRWDWR\&KLOGUHQVKRXOGQRWEHDOORZHGWRSOD\ZLWKLWEHFDXVHWKH\
FRXOGKXUWWKHPVHOYHVDQGRWKHUVGDPDJHWKHSKRQHRUPDNHFDOOVWKDWLQFUHDVH\RXUSKRQHELOO
)&&1RWLFHDQG&DXWLRQV)&&1RWLFH 7KLVGHYLFHFRPSOLHVZLWK3DUWRIWKH)&&5XOHV2SHUDWLRQLV  VXEMHFWWRWKHIROORZLQJWZRFRQGLWLRQVWKLVGHYLFHPD\QRWFDXVHKDUPIXOLQWHUIHUHQFHDQGWKLVGHYLFHPXVWDFFHSWDQ\LQWHUIHUHQFHUHFHLYHGLQFOXGLQJLQWHUIHUHQFHWKDWPD\FDXVHXQGHVLUHGRSHUDWLRQz 7KLVHTXLSPHQWKDVEHHQWHVWHGDQGIRXQGWRFRPSO\ZLWKWKHOLPLWVIRUD&ODVV%GLJLWDOGHYLFHSXUVXDQWWRSDUWRIWKH)&&5XOHV7KHVHOLPLWVDUHGHVLJQHGWRSURYLGHUHDVRQDEOHSURWHFWLRQDJDLQVWKDUPIXOLQWHUIHUHQFHLQDUHVLGHQWLDOLQVWDOODWLRQ7KLVHTXLSPHQWJHQHUDWHVXVHVDQGFDQUDGLDWHUDGLRIUHTXHQF\HQHUJ\DQGLIQRWLQVWDOOHGDQGXVHGLQDFFRUGDQFHZLWKWKHLQVWUXFWLRQVPD\FDXVHKDUPIXOLQWHUIHUHQFHWRUDGLRFRPPXQLFDWLRQV+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PHDVXUHV5HRULHQWRUUHORFDWHWKHUHFHLYLQJDQWHQQD ,QFUHDVHWKHVHSDUDWLRQEHWZHHQWKHHTXLSPHQWDQGUHFHLYHU &RQQHFWWKHHTXLSPHQWLQWRDQRXWOHWRQDFLUFXLWGLIIHUHQWIURPWKDWWRZKLFKWKHUHFHLYHULVFRQQHFWHG &RQVXOWWKHGHDOHURUDQH[SHULHQFHGUDGLR79WHFKQLFLDQIRUKHOS7KHSKRQHPD\FDXVH79RUUDGLRLQWHUIHUHQFHLIXVHGLQFORVHSUR[LPLW\WRUHFHLYLQJHTXLSPHQW7KH)&&FDQUHTXLUH\RXWRVWRSXVLQJWKHSKRQHLIVXFKLQWHUIHUHQFHFDQQRWEHHOLPLQDWHG9HKLFOHVXVLQJOLTXHILHGSHWUROHXPJDVVXFKDVSURSDQHRUEXWDQHPXVWFRPSO\ZLWKWKH1DWLRQDO)LUH3URWHFWLRQ6WDQGDUG1)3$)RUDFRS\RIWKLVVWDQGDUGFRQWDFWWKH1DWLRQDO)LUH3URWHFWLRQ$VVRFLDWLRQ2QH%DWWHU\PDUFK3DUN4XLQF\0$$WWQ3XEOLFDWLRQ6DOHV'LYLVLRQ&DXWLRQV&KDQJHVRUPRGLILFDWLRQVPDGHLQWKHUDGLRSKRQHQRWH[SUHVVO\DSSURYHGE\6DPVXQJZLOOYRLGWKHXVHU¶VDXWKRULW\WRRSHUDWHWKHHTXLSPHQW7KHXVHRIDQ\XQDXWKRUL]HGDFFHVVRULHVPD\EHGDQJHURXVDQGYRLGWKHSKRQHZDUUDQW\LIVDLGDFFHVVRULHVFDXVHGDPDJHRUDGHIHFWWRWKHSKRQH$OWKRXJK\RXUSKRQHLVTXLWHVWXUG\LWLVDFRPSOH[SLHFHRIHTXLSPHQWDQGFDQEHEURNHQ$YRLGGURSSLQJKLWWLQJEHQGLQJRUVLWWLQJRQLW2WKHU,PSRUWDQW6DIHW\,QIRUPDWLRQz 2QO\TXDOLILHGSHUVRQQHOVKRXOGVHUYLFHWKHSKRQHRULQVWDOOWKHSKRQHLQDYHKLFOH)DXOW\LQVWDOODWLRQRUVHUYLFHPD\EHGDQJHURXVDQGPD\LQYDOLGDWHDQ\ZDUUDQW\DSSOLFDEOHWRWKHGHYLFH
z &KHFNUHJXODUO\WKDWDOOZLUHOHVVSKRQHHTXLSPHQWLQ\RXUYHKLFOHLVPRXQWHGDQGRSHUDWLQJSURSHUO\z 'RQRWVWRUHRUFDUU\IODPPDEOHOLTXLGVJDVHVRUH[SORVLYHPDWHULDOVLQWKHVDPHFRPSDUWPHQWDVWKHSKRQHLWVSDUWVRUDFFHVVRULHVz )RUYHKLFOHVHTXLSSHGZLWKDQDLUEDJUHPHPEHUWKDWDQDLUEDJLQIODWHVZLWKJUHDWIRUFH'RQRWSODFHREMHFWVLQFOXGLQJERWKLQVWDOOHGRUSRUWDEOHZLUHOHVVHTXLSPHQWLQWKHDUHDRYHUWKHDLUEDJRULQWKHDLUEDJGHSOR\PHQWDUHD,IZLUHOHVVHTXLSPHQWLVLPSURSHUO\LQVWDOOHGDQGWKHDLUEDJLQIODWHVVHULRXVLQMXU\FRXOGUHVXOWz 6ZLWFK\RXUSKRQHRIIEHIRUHERDUGLQJDQDLUFUDIW7KHXVHRIZLUHOHVVSKRQHLQDLUFUDIWLVLOOHJDODQGPD\EHGDQJHURXVWRWKHDLUFUDIWVRSHUDWLRQz )DLOXUHWRREVHUYHWKHVHLQVWUXFWLRQVPD\OHDGWRWKHVXVSHQVLRQRUGHQLDORIWHOHSKRQHVHUYLFHVWRWKHRIIHQGHURUOHJDODFWLRQRUERWK3URGXFW3HUIRUPDQFH*HWWLQJWKH0RVW2XWRI<RXU6LJQDO5HFHSWLRQ7KHTXDOLW\RIHDFKFDOO\RXPDNHRUUHFHLYHGHSHQGVRQWKHVLJQDOVWUHQJWKLQ\RXUDUHD<RXUSKRQHLQIRUPV\RXRIWKHFXUUHQWVLJQDOVWUHQJWKE\GLVSOD\LQJDQXPEHURIEDUVQH[WWRWKHVLJQDOVWUHQJWKLFRQ7KHPRUHEDUVGLVSOD\HGWKHVWURQJHUWKHVLJQDO,I\RXUHLQVLGHDEXLOGLQJEHLQJQHDUDZLQGRZPD\JLYH\RXEHWWHUUHFHSWLRQ8QGHUVWDQGLQJWKH3RZHU6DYH)HDWXUH,I\RXUSKRQHLVXQDEOHWRILQGDVLJQDODIWHUPLQXWHVRIVHDUFKLQJD3RZHU6DYHIHDWXUHLVDXWRPDWLFDOO\DFWLYDWHG,I\RXUSKRQHLVDFWLYHLWSHULRGLFDOO\UHFKHFNVVHUYLFHDYDLODELOLW\RU\RXFDQFKHFNLW\RXUVHOIE\SUHVVLQJDQ\NH\$Q\WLPHWKH3RZHU6DYHIHDWXUHLVDFWLYDWHGDPHVVDJHGLVSOD\VRQWKHVFUHHQ:KHQDVLJQDOLVIRXQG\RXUSKRQHUHWXUQVWRVWDQGE\PRGH0DLQWDLQLQJ<RXU3KRQHV3HDN3HUIRUPDQFH)RUWKHEHVWFDUHRI\RXUSKRQHRQO\DXWKRUL]HGSHUVRQQHOVKRXOGVHUYLFH\RXUSKRQHDQGDFFHVVRULHV)DXOW\VHUYLFHPD\YRLGWKHZDUUDQW\7KHUHDUHVHYHUDOVLPSOHJXLGHOLQHVWRRSHUDWLQJ\RXUSKRQHSURSHUO\DQGPDLQWDLQLQJVDIHVDWLVIDFWRU\VHUYLFHz 3ODFHWKHPRELOHSKRQHVDFRXVWLFRXWSXWQH[WWR\RXUHDUIRUSURSHURULHQWDWLRQ z 'RQRWWDPSHURUDOWHUWKHSKRQHVDQWHQQDz 'RQWXVHWKHSKRQHLIWKHDQWHQQDLVGDPDJHGz 6SHDNGLUHFWO\LQWRWKHSKRQHVUHFHLYHUz $YRLGH[SRVLQJ\RXUSKRQHDQGDFFHVVRULHVWRUDLQRUOLTXLGVSLOOV,I\RXUSKRQHGRHVJHWZHWLPPHGLDWHO\WXUQWKHSRZHURIIDQGUHPRYHWKHEDWWHU\,ILWLVLQRSHUDEOHFDOO&XVWRPHU&DUHIRUVHUYLFH$YDLODELOLW\RI9DULRXV)HDWXUHV5LQJ7RQHV0DQ\VHUYLFHVDQGIHDWXUHVDUHQHWZRUNGHSHQGHQWDQGPD\UHTXLUHDGGLWLRQDOVXEVFULSWLRQDQGRUXVDJHFKDUJHV1RWDOOIHDWXUHVDUHDYDLODEOHIRUSXUFKDVHRUXVHLQDOODUHDV'RZQORDGDEOH5LQJ7RQHVPD\EHDYDLODEOHDWDQDGGLWLRQDOFRVW2WKHUFRQGLWLRQVDQGUHVWULFWLRQVPD\DSSO\6HH\RXUVHUYLFHSURYLGHUIRUDGGLWLRQDOLQIRUPDWLRQ
%DWWHU\6WDQGE\DQG7DON7LPH6WDQGE\DQGWDONWLPHVZLOOYDU\GHSHQGLQJRQSKRQHXVDJHSDWWHUQVDQGFRQGLWLRQV%DWWHU\SRZHUFRQVXPSWLRQGHSHQGVRQIDFWRUVVXFKDVQHWZRUNFRQILJXUDWLRQVLJQDOVWUHQJWKRSHUDWLQJWHPSHUDWXUHIHDWXUHVVHOHFWHGIUHTXHQF\RIFDOOVDQGYRLFHGDWDDQGRWKHUDSSOLFDWLRQXVDJHSDWWHUQV %DWWHU\3UHFDXWLRQVz 1HYHUXVHDQ\FKDUJHURUEDWWHU\WKDWLVGDPDJHGLQDQ\ZD\z 8VHWKHEDWWHU\RQO\IRULWVLQWHQGHGSXUSRVHz ,I\RXXVHWKHSKRQHQHDUWKHQHWZRUNVEDVHVWDWLRQLWXVHVOHVVSRZHUWDONDQGVWDQGE\WLPHDUHJUHDWO\DIIHFWHGE\WKHVLJQDOVWUHQJWKRQWKHFHOOXODUQHWZRUNDQGWKHSDUDPHWHUVVHWE\WKHQHWZRUNRSHUDWRUz %DWWHU\FKDUJLQJWLPHGHSHQGVRQWKHUHPDLQLQJEDWWHU\FKDUJHDQGWKHW\SHRIEDWWHU\DQGFKDUJHUXVHG7KHEDWWHU\FDQEHFKDUJHGDQGGLVFKDUJHGKXQGUHGVRIWLPHVEXWLWZLOOJUDGXDOO\ZHDURXW:KHQWKHRSHUDWLRQWLPHWDONWLPHDQGVWDQGE\WLPHLVQRWLFHDEO\VKRUWHUWKDQQRUPDOLWLVWLPHWREX\DQHZEDWWHU\z ,IOHIWXQXVHGDIXOO\FKDUJHGEDWWHU\ZLOOGLVFKDUJHLWVHOIRYHUWLPHz 8VHRQO\6DPVXQJDSSURYHGEDWWHULHVDQGUHFKDUJH\RXUEDWWHU\RQO\ZLWK6DPVXQJDSSURYHGFKDUJHUV:KHQDFKDUJHULVQRWLQXVHGLVFRQQHFWLWIURPWKHSRZHUVRXUFH'RQRWOHDYHWKHEDWWHU\FRQQHFWHGWRDFKDUJHUIRUPRUHWKDQDZHHNVLQFHRYHUFKDUJLQJPD\VKRUWHQLWVOLIHz ([WUHPHWHPSHUDWXUHVZLOODIIHFWWKHFKDUJLQJFDSDFLW\RI\RXUEDWWHU\LWPD\UHTXLUHFRROLQJRUZDUPLQJILUVWz 'RQRWOHDYHWKHEDWWHU\LQKRWRUFROGSODFHVVXFKDVLQDFDULQVXPPHURUZLQWHUFRQGLWLRQVDV\RXZLOOUHGXFHWKHFDSDFLW\DQGOLIHWLPHRIWKHEDWWHU\$OZD\VWU\WRNHHSWKHEDWWHU\DWURRPWHPSHUDWXUH$SKRQHZLWKDKRWRUFROGEDWWHU\PD\WHPSRUDULO\QRWZRUNHYHQZKHQWKHEDWWHU\LVIXOO\FKDUJHG/LLRQEDWWHULHVDUHSDUWLFXODUO\DIIHFWHGE\WHPSHUDWXUHVEHORZ&)z'RQRWVKRUWFLUFXLWWKHEDWWHU\$FFLGHQWDOVKRUWFLUFXLWLQJFDQRFFXUZKHQDPHWDOOLFREMHFWFRLQFOLSRUSHQFDXVHVDGLUHFWFRQQHFWLRQEHWZHHQWKHDQGWHUPLQDOVRIWKHEDWWHU\PHWDOVWULSVRQWKHEDWWHU\IRUH[DPSOHZKHQ\RXFDUU\DVSDUHEDWWHU\LQDSRFNHWRUEDJ6KRUWFLUFXLWLQJWKHWHUPLQDOVPD\GDPDJHWKHEDWWHU\RUWKHREMHFWFDXVLQJWKHVKRUWFLUFXLWLQJz 'LVSRVHRIXVHGEDWWHULHVLQDFFRUGDQFHZLWKORFDOUHJXODWLRQV,QVRPHDUHDVWKHGLVSRVDORIEDWWHULHVLQKRXVHKROGRUEXVLQHVVWUDVKPD\EHSURKLELWHG)RUVDIHGLVSRVDORSWLRQVIRU/L,RQEDWWHULHVFRQWDFW\RXUQHDUHVW6DPVXQJDXWKRUL]HGVHUYLFHFHQWHU$OZD\VUHF\FOH'RQRWGLVSRVHRIEDWWHULHVLQDILUH&DUHDQG0DLQWHQDQFH<RXUSKRQHLVDSURGXFWRIVXSHULRUGHVLJQDQGFUDIWVPDQVKLSDQGVKRXOGEHWUHDWHGZLWKFDUH7KHVXJJHVWLRQVEHORZZLOOKHOS\RXIXOILOODQ\ZDUUDQW\REOLJDWLRQVDQGDOORZ\RXWRHQMR\WKLVSURGXFWIRUPDQ\\HDUVz .HHSWKHSKRQHDQGDOOLWVSDUWVDQGDFFHVVRULHVRXWRIWKHUHDFKRIVPDOOFKLOGUHQz .HHSWKHSKRQHGU\3UHFLSLWDWLRQKXPLGLW\DQGOLTXLGVFRQWDLQPLQHUDOVWKDWZLOOFRUURGHHOHFWURQLFFLUFXLWVz 'RQRWXVHWKHSKRQHZLWKDZHWKDQG'RLQJVRPD\FDXVHDQHOHFWULFVKRFN
WR\RXRUGDPDJHWRWKHSKRQHz 'RQRWXVHRUVWRUHWKHSKRQHLQGXVW\GLUW\DUHDVDVLWVPRYLQJSDUWVPD\EHGDPDJHGz'RQRWVWRUHWKHSKRQHLQKRWDUHDV+LJKWHPSHUDWXUHVFDQVKRUWHQWKHOLIHRIHOHFWURQLFGHYLFHVGDPDJHEDWWHULHVDQGZDUSRUPHOWFHUWDLQSODVWLFVz 'RQRWVWRUHWKHSKRQHLQFROGDUHDV:KHQWKHSKRQHZDUPVXSWRLWVQRUPDORSHUDWLQJWHPSHUDWXUHPRLVWXUHFDQIRUPLQVLGHWKHSKRQHZKLFKPD\GDPDJHWKHSKRQHVHOHFWURQLFFLUFXLWERDUGVz 'RQRWGURSNQRFNRUVKDNHWKHSKRQH5RXJKKDQGOLQJFDQEUHDNLQWHUQDOFLUFXLWERDUGVz 'RQRWXVHKDUVKFKHPLFDOVFOHDQLQJVROYHQWVRUVWURQJGHWHUJHQWVWRFOHDQWKHSKRQH:LSHLWZLWKDVRIWFORWKVOLJKWO\GDPSHQHGLQDPLOGVRDSDQGZDWHUVROXWLRQz 'RQRWSDLQWWKHSKRQH3DLQWFDQFORJWKHGHYLFHVPRYLQJSDUWVDQGSUHYHQWSURSHURSHUDWLRQz 'RQRWSXWWKHSKRQHLQRURQKHDWLQJGHYLFHVVXFKDVDPLFURZDYHRYHQDVWRYHRUDUDGLDWRU7KHSKRQHPD\H[SORGHZKHQRYHUKHDWHGz :KHQWKHSKRQHRUEDWWHU\JHWVZHWWKHODEHOLQGLFDWLQJZDWHUGDPDJHLQVLGHWKHSKRQHFKDQJHVFRORU,QWKLVFDVHSKRQHUHSDLUVDUHQRORQJHUJXDUDQWHHGE\WKHPDQXIDFWXUHUVZDUUDQW\HYHQLIWKHZDUUDQW\IRU\RXUSKRQHKDVQRWH[SLUHG z ,I\RXUSKRQHKDVDIODVKRUOLJKWGRQRWXVHLWWRRFORVHWRWKHH\HVRISHRSOHRUDQLPDOV7KLVPD\FDXVHGDPDJHWRWKHLUH\HVz 8VHRQO\WKHVXSSOLHGRUDQDSSURYHGUHSODFHPHQWDQWHQQD8QDXWKRUL]HGDQWHQQDVRUPRGLILHGDFFHVVRULHVPD\GDPDJHWKHSKRQHDQGYLRODWHUHJXODWLRQVJRYHUQLQJUDGLRGHYLFHVz ,IWKHSKRQHEDWWHU\FKDUJHURUDQ\DFFHVVRU\LVQRWZRUNLQJSURSHUO\WDNHLWWR\RXUQHDUHVWTXDOLILHGVHUYLFHIDFLOLW\7KHSHUVRQQHOWKHUHZLOODVVLVW\RXDQGLIQHFHVVDU\DUUDQJHIRUVHUYLFH&RUUHFWGLVSRVDORIWKLVSURGXFW:DVWH(OHFWULFDO(OHFWURQLF(TXLSPHQW$SSOLFDEOHLQWKH(XURSHDQ8QLRQDQGRWKHU(XURSHDQFRXQWULHVZLWKVHSDUDWHFROOHFWLRQV\VWHPV7KLVPDUNLQJVKRZQRQWKHSURGXFWRULWVOLWHUDWXUHLQGLFDWHVWKDWLWVKRXOGQRWEHGLVSRVHGZLWKRWKHUKRXVHKROGZDVWHVDWWKHHQGRILWVZRUNLQJOLIH7RSUHYHQWSRVVLEOHKDUPWRWKHHQYLURQPHQWRUKXPDQKHDOWKIURPXQFRQWUROOHGZDVWHGLVSRVDOSOHDVHVHSDUDWHWKLVIURPRWKHUW\SHVRIZDVWHVDQGUHF\FOHLWUHVSRQVLEO\WRSURPRWHWKHVXVWDLQDEOHUHXVHRIPDWHULDOUHVRXUFHV+RXVHKROGXVHUVVKRXOGFRQWDFWHLWKHUWKHUHWDLOHUZKHUHWKH\SXUFKDVHGWKLVSURGXFWRUWKHLUORFDOJRYHUQPHQWRIILFHIRUGHWDLOVRIZKHUHDQGKRZWKH\FDQWDNHWKLVLWHP
IRUHQYLURQPHQWDOO\VDIHUHF\FOLQJ%XVLQHVVXVHUVVKRXOGFRQWDFWWKHLUVXSSOLHUDQGFKHFNWKHWHUPVDQGFRQGLWLRQVRIWKHSXUFKDVHFRQWUDFW7KLVSURGXFWVKRXOGQRWEHPL[HGZLWKRWKHUFRPPHUFLDOZDVWHVIRUGLVSRVDO&RUUHFWGLVSRVDORIEDWWHULHVLQWKLVSURGXFW$SSOLFDEOHLQWKH(XURSHDQ8QLRQDQGRWKHU(XURSHDQFRXQWULHVZLWKVHSDUDWHEDWWHU\UHWXUQV\VWHPV7KLVPDUNLQJRQWKHEDWWHU\PDQXDORUSDFNDJLQJLQGLFDWHVWKDWWKHEDWWHULHVLQWKLVSURGXFWVKRXOGQRWEHGLVSRVHGRIZLWKRWKHUKRXVHKROGZDVWHDWWKHHQGRIWKHLUZRUNLQJOLIH:KHUHPDUNHGWKHFKHPLFDOV\PEROV+J&GRU3ELQGLFDWHWKDWWKHEDWWHU\FRQWDLQVPHUFXU\FDGPLXPRUOHDGDERYHWKHUHIHUHQFHOHYHOVLQ(&'LUHFWLYH,IEDWWHULHVDUHQRWSURSHUO\GLVSRVHGRIWKHVHVXEVWDQFHVFDQFDXVHKDUPWRKXPDQKHDOWKRUWKHHQYLURQPHQW7RSURWHFWQDWXUDOUHVRXUFHVDQGWRSURPRWHPDWHULDOUHXVHSOHDVHVHSDUDWHEDWWHULHVIURPRWKHUW\SHVRIZDVWHDQGUHF\FOHWKHPWKURXJK\RXUORFDOIUHHEDWWHU\UHWXUQV\VWHPLQWURGXFLQJ\RXUPRELOHSKRQH,QWKLVVHFWLRQOHDUQDERXW\RXUPRELOHSKRQH¶VOD\RXWNH\VGLVSOD\DQGLFRQV8QSDFN&KHFN\RXUSURGXFWER[IRUWKHIROORZLQJLWHPVz0RELOHSKRQHz%DWWHU\z 7UDYHODGDSWHUFKDUJHUz 8VHUPDQXDO7KHLWHPVVXSSOLHGZLWK\RXUSKRQHPD\YDU\GHSHQGLQJRQWKHVRIWZDUHDQGDFFHVVRULHVDYDLODEOHLQ\RXUUHJLRQRURIIHUHGE\\RXUVHUYLFHSURYLGHU<RXFDQREWDLQDGGLWLRQDODFFHVVRULHVIURP\RXUORFDO6DPVXQJGHDOHU3KRQHOD\RXW7KHIURQWRI\RXUSKRQHLQFOXGHVWKHIROORZLQJNH\VDQGIHDWXUHV7KHUHDURI\RXUSKRQHLQFOXGHVWKHIROORZLQJNH\VDQGIHDWXUHV
.H\V.H\)XQFWLRQ6RIWNH\V3HUIRUPDFWLRQVLQGLFDWHGDWWKHERWWRPRIWKHGLVSOD\,Q,GOHPRGHSUHVVDQGKROGWKHOHIWVRIWNH\WRDFFHVVWKHVLPSOLILHGPHQXVZD\QDYLJDWLRQ,Q,GOHPRGHDFFHVVXVHUGHILQHGPHQXVOHIWULJKWXSGRZQ,Q0HQXPRGHVFUROOWKURXJKPHQXRSWLRQV&RQILUP,Q,GOHPRGHODXQFKWKHZHEEURZVHU,Q0HQXPRGHVHOHFWWKHKLJKOLJKWHGPHQXRSWLRQRUFRQILUPDQLQSXW'LDO0DNHRUDQVZHUDFDOO,Q,GOHPRGHUHWULHYHUHFHQWO\GLDOOHGPLVVHGRUUHFHLYHGQXPEHUV3RZHU0HQXH[LW7XUQWKHSKRQHRQDQGRIISUHVVDQGKROG(QGDFDOO,Q0HQXPRGHFDQFHOLQSXWDQGUHWXUQWR,GOHPRGH$OSKDQXPHULF(QWHUQXPEHUVOHWWHUVDQGVSHFLDOFKDUDFWHUV,Q,GOHPRGHSUHVVDQGKROG>@WRDFFHVVYRLFHPDLOVDQG>@WRHQWHUDQLQWHUQDWLRQDOFDOOSUHIL[6SHFLDOIXQFWLRQ(QWHUVSHFLDOFKDUDFWHUVRUSHUIRUPVSHFLDOIXQFWLRQV,Q,GOHPRGHSUHVVDQGKROG>@IRUWKHVLOHQWSURILOH3UHVVDQGKROG>@WRHQWHUDSDXVHEHWZHHQQXPEHUV9ROXPH$GMXVWWKHSKRQH¶VYROXPH'LVSOD\<RXUSKRQH¶VGLVSOD\FRQVLVWVRIWKUHHDUHDV,FRQOLQH'LVSOD\VYDULRXVLFRQV7H[WDQGJUDSKLFDUHD'LVSOD\VPHVVDJHVLQVWUXFWLRQVDQGLQIRUPDWLRQ\RXHQWHU6RIWNH\OLQH'LVSOD\VWKHFXUUHQWDFWLRQVDVVLJQHGWRHDFKVRIWNH\,FRQV/HDUQDERXWWKHLFRQVWKDWDSSHDURQ\RXUGLVSOD\'HILQLWLRQ6LJQDOVWUHQJWK&DOOLQSURJUHVV1HZWH[WPHVVDJHDVVHPEOLQJDQGSUHSDULQJ
\RXUPRELOHSKRQH *HWVWDUWHGE\DVVHPEOLQJDQGVHWWLQJXS  \RXUPRELOHSKRQHIRULWVILUVWXVH,QVWDOOWKH6,0FDUGDQGEDWWHU\:KHQ\RXVXEVFULEHWRDFHOOXODUVHUYLFH\RXZLOOUHFHLYHD6XEVFULEHU,GHQWLW\0RGXOHRU6,0FDUGZLWKVXEVFULSWLRQGHWDLOVVXFKDV\RXUSHUVRQDOLGHQWLILFDWLRQQXPEHU3,1DQGRSWLRQDOVHUYLFHV7RLQVWDOOWKH6,0FDUGDQGEDWWHU\ 5HPRYHWKHEDWWHU\FRYHU,IWKHSKRQHLVRQSUHVVDQGKROG> @WRWXUQLWRII ,QVHUWWKH6,0FDUG3ODFHWKH6,0FDUGLQWKHSKRQHZLWKWKHJROGFRORXUHGFRQWDFWVIDFLQJGRZQ ,QVHUWWKHEDWWHU\ 5HSODFHWKHEDWWHU\FRYHU&KDUJHWKHEDWWHU\%HIRUHXVLQJWKHSKRQHIRUWKHILUVWWLPH\RXPXVWFKDUJHWKHEDWWHU\ 2SHQWKHFRYHUWRWKHPXOWLIXQFWLRQMDFNRQWKHVLGHRIWKHSKRQH 3OXJWKHVPDOOHQGRIWKHWUDYHODGDSWHULQWRWKHPXOWLIXQFWLRQMDFN,PSURSHUO\FRQQHFWLQJWKHWUDYHODGDSWHUFDQFDXVHVHULRXVGDPDJHWRWKHSKRQH$Q\GDPDJHVE\PLVXVHDUHQRWFRYHUHGE\WKHZDUUDQW\ 3OXJWKHODUJHHQGRIWKHWUDYHODGDSWHULQWRDSRZHURXWOHW :KHQWKHEDWWHU\LVIXOO\FKDUJHGWKH>_____@LFRQLVQRORQJHUPRYLQJXQSOXJWKHWUDYHODGDSWHUIURPWKHSRZHURXWOHW 8QSOXJWKHWUDYHODGDSWHUIURPWKHSKRQH &ORVHWKHFRYHUWRWKHPXOWLIXQFWLRQMDFN$ERXWWKHORZEDWWHU\LQGLFDWRU:KHQ\RXUEDWWHU\LVORZWKHSKRQHZLOOHPLWDZDUQLQJWRQHDQGDORZEDWWHU\PHVVDJH7KHEDWWHU\LFRQZLOODOVREHHPSW\DQGEOLQNLQJ,IWKHEDWWHU\OHYHOEHFRPHVWRRORZWKHSKRQHZLOODXWRPDWLFDOO\SRZHURII5HFKDUJH\RXUEDWWHU\WRFRQWLQXHXVLQJ\RXUSKRQHXVLQJEDVLFIXQFWLRQV/HDUQKRZWRSHUIRUPEDVLFRSHUDWLRQVDQGXVHWKHPDLQIHDWXUHVRI\RXUPRELOHSKRQH 
7XUQ\RXUSKRQHRQDQGRII7RWXUQ\RXUSKRQHRQ6OLGHRSHQWKHSKRQH 3UHVVDQGKROG> @ (QWHU\RXU3,1DQGSUHVV2.!LIQHFHVVDU\:KHQWKHVHWXSZL]DUGRSHQVFXVWRPLVH\RXUSKRQHDVGHVLUHGE\IROORZLQJWKHVFUHHQ7RWXUQ\RXUSKRQHRIIUHSHDWVWHSVDQGDERYH6ZLWFKWRWKHRIIOLQHSURILOH%\VZLWFKLQJWRWKHRIIOLQHSURILOH\RXFDQXVH\RXUSKRQH¶VQRQQHWZRUNVHUYLFHVLQDUHDVZKHUHZLUHOHVVGHYLFHVDUHSURKLELWHGVXFKDVDHURSODQHDQGKRVSLWDOV7RVZLWFKWRWKHRIIOLQHSURILOHLQ0HQXPRGHVHOHFW6HWWLQJV®3KRQHSURILOHV®2IIOLQH)ROORZDOOSRVWHGZDUQLQJVDQGGLUHFWLRQVIURPRIILFLDOSHUVRQQHOZKHQLQDUHDVZKHUHZLUHOHVVGHYLFHVDUHSURKLELWHG$FFHVVPHQXV7RDFFHVV\RXUSKRQH¶VPHQXV ,Q,GOHPRGHSUHVV0HQX!WRDFFHVV0HQXPRGH 8VHWKHQDYLJDWLRQNH\WRVFUROOWRDPHQXRURSWLRQ 3UHVV>2.@6HOHFW!RU6DYH!WRFRQILUPWKHKLJKOLJKWHGRSWLRQ 3UHVV%DFN!WRPRYHXSRQHOHYHO3UHVV> @WRUHWXUQWR,GOHPRGH&XVWRPLVH\RXUSKRQH*HWPRUHIURP\RXUSKRQHE\FXVWRPLVLQJLWWRPDWFK\RXUSUHIHUHQFHV$GMXVWWKHYROXPHRIWKHNH\WRQHV,Q,GOHPRGHSUHVVWKH9ROXPHNH\XSRUGRZQWRDGMXVWWKHNH\WRQHYROXPH6ZLWFKWRRUIURPWKHVLOHQWSURILOH,Q,GOHPRGHSUHVVDQGKROG>@WRVLOHQFHRUXQVLOHQFH\RXUSKRQH&KDQJH\RXUULQJWRQH ,Q0HQXPRGHVHOHFW6HWWLQJV®3KRQHSURILOHV 6FUROOWRWKHSURILOH\RXDUHXVLQJ 3UHVV2SWLRQV!®(GLW®9RLFHFDOOULQJWRQH 6HOHFWDULQJWRQHFDWHJRU\®DULQJWRQH
 3UHVV2SWLRQV!®6HOHFWLIQHFHVVDU\ 3UHVV6DYH!7RVZLWFKWRDQRWKHUSURILOHVHOHFWLWIURPWKHOLVW&UHDWHDSKRQHSURILOH ,Q0HQXPRGHVHOHFW6HWWLQJV®3KRQHSURILOHV 3UHVV2SWLRQV!®&UHDWH (QWHUDQDPHIRUWKHSURILOHDQGSUHVV2SWLRQV!®6DYH &XVWRPLVHWKHVRXQGVHWWLQJVDVGHVLUHG :KHQ\RXDUHILQLVKHGSUHVV6DYH!6HOHFWDZDOOSDSHU,GOHPRGH ,Q0HQXPRGHVHOHFW6HWWLQJV®'LVSOD\DQGOLJKW®+RPHVFUHHQ 6FUROOOHIWRUULJKWWR,PDJHV 6HOHFW:DOOSDSHU 6HOHFWDQLPDJHFDWHJRU\®DQLPDJH 3UHVV6HOHFW!RU6HOHFW!®6HW! 3UHVV6DYH!6HOHFWDWKHPHIRUWKHGLVSOD\7RVHOHFWDWKHPH ,Q0HQXPRGHVHOHFW6HWWLQJV®'LVSOD\DQGOLJKW®0\WKHPH 6FUROOWRDWKHPHDQGSUHVV6HOHFW!7RFUHDWHDQGDSSO\DWKHPH ,Q0HQXPRGHVHOHFW6HWWLQJV®'LVSOD\DQGOLJKW®0\WKHPH 6FUROOWR&UHDWHDQGSUHVV6HOHFW! &XVWRPLVHWKHWKHPHDVGHVLUHGE\IROORZLQJWKHVFUHHQ :KHQ\RXKDYHILQLVKHGHQWHUDQDPHIRUWKHWKHPHDQGSUHVV6DYH! 3UHVV<HV!WRDSSO\WKHWKHPH6HWPHQXVKRUWFXWV ,Q0HQXPRGHVHOHFW6HWWLQJV®3KRQHVHWWLQJV®6KRUWFXWV 6HOHFWDNH\WRXVHDVDVKRUWFXW 6HOHFWDPHQXWRDVVLJQWRWKHVKRUWFXWNH\8VHWKHVLPSOLILHGPHQXV7RVHWXSVLPSOLILHGPHQXLWHPV ,Q,GOHPRGHSUHVV>2.@ 3UHVV2SWLRQV!®&XVWRPLVHPHQX
 6HOHFW\RXUIDYRXULWHPHQXV 3UHVV2SWLRQV!®2SHQWRVHOHFWVXEPHQXVLIQHFHVVDU\ 3UHVV6DYH! 7RDFFHVVDQLWHPIURPWKHVLPSOLILHGPHQXV ,Q,GOHPRGHSUHVV>2.@ 6FUROOWRWKHPHQXLWHP\RXZDQWDQGSUHVV>2.@/RFN\RXUSKRQH ,Q0HQXPRGHVHOHFW6HWWLQJV®6HFXULW\®3KRQHORFN®2Q(QWHUDQHZWRGLJLWSDVVZRUGDQGSUHVV2.! (QWHUWKHQHZSDVVZRUGDJDLQDQGSUHVV2.!8VHEDVLFFDOOIXQFWLRQV/HDUQWRPDNHRUDQVZHUFDOOVDQGXVHEDVLFFDOOIXQFWLRQV0DNHDFDOO ,Q,GOHPRGHHQWHUDQDUHDFRGHDQGDSKRQHQXPEHU 3UHVV> @WRGLDOWKHQXPEHU 7RHQGWKHFDOOSUHVV> @ $QVZHUDFDOO :KHQDFDOOFRPHVLQSUHVV> @ 7RHQGWKHFDOOSUHVV> @$GMXVWWKHYROXPH7RDGMXVWWKHYROXPHGXULQJDFDOOSUHVVWKH9ROXPHNH\XSRUGRZQ8VHWKHVSHDNHUSKRQHIHDWXUH 'XULQJDFDOOSUHVV>2.@®<HV!WRDFWLYDWHWKHVSHDNHU 7RVZLWFKEDFNWRWKHHDUSLHFHSUHVV>2.@DJDLQ,QQRLV\HQYLURQPHQW\RXPD\KDYHGLIILFXOW\KHDULQJWKHFDOOVZKLOHXVLQJWKHVSHDNHUSKRQHIHDWXUH)RUEHWWHUSHUIRUPDQFHXVHWKHQRUPDOSKRQHPRGH8VHWKHKHDGVHW%\SOXJJLQJWKHVXSSOLHGKHDGVHWLQWRWKHPXOWLIXQFWLRQMDFN\RXFDQPDNHDQGDQVZHUFDOOVz 7RUHGLDOWKHODVWFDOOSUHVVDQGKROGWKHKHDGVHWEXWWRQz 7RDQVZHUDFDOOSUHVVWKHKHDGVHWEXWWRQ
z 7RHQGDFDOOSUHVVWKHKHDGVHWEXWWRQ6HQGDQGYLHZPHVVDJHV/HDUQWRVHQGRUYLHZWH[W606PXOWLPHGLD006RUHPDLOPHVVDJHV6HQGDWH[WRUPXOWLPHGLDPHVVDJH ,Q0HQXPRGHVHOHFW0HVVDJHV®&UHDWHQHZPHVVDJH®0HVVDJH (QWHUDGHVWLQDWLRQQXPEHURUDQHPDLODGGUHVVDQGVFUROOGRZQ(QWHU\RXUPHVVDJHWH[W )RUVHQGLQJDVDWH[WPHVVDJHVNLSWRVWHS)RUDWWDFKLQJPXOWLPHGLDFRQWLQXHZLWKVWHS 3UHVV2SWLRQV!®$GGPXOWLPHGLDDQGDGGDQLWHP 3UHVV>2.@®6HQGWRVHQGWKHPHVVDJH6HQGDQHPDLO ,Q0HQXPRGHVHOHFW0HVVDJHV®&UHDWHQHZPHVVDJH®(PDLO (QWHUDQHPDLODGGUHVVDQGVFUROOGRZQ (QWHUDVXEMHFWDQGVFUROOGRZQ(QWHU\RXUHPDLOWH[W 3UHVV2SWLRQV!®$WWDFKPXOWLPHGLDDQGDWWDFKDILOHLIQHFHVVDU\ 3UHVV>2.@®6HQGWRVHQGWKHPHVVDJH(QWHUWH[W:KHQHQWHULQJWH[W\RXFDQFKDQJHWKHWH[WLQSXWPRGHz 3UHVVDQGKROG>@WRVZLWFKEHWZHHQ7DQG$%&PRGHV'HSHQGLQJRQ\RXUFRXQWU\\RXPD\EHDEOHWRDFFHVVDQLQSXWPRGHIRU\RXUVSHFLILFODQJXDJHz 3UHVV>@WRFKDQJHFDVHRUVZLWFKWR1XPEHUPRGHz 3UHVVDQGKROG>@WRVZLWFKWR6\PEROPRGH(QWHUWH[WLQRQHRIWKHIROORZLQJPRGHV0RGH)XQFWLRQ$%&3UHVVWKHDSSURSULDWHDOSKDQXPHULFNH\XQWLOWKHFKDUDFWHU\RXZDQWDSSHDUVRQWKHGLVSOD\7 3UHVVWKHDSSURSULDWHDOSKDQXPHULFNH\VWRHQWHUDQHQWLUHZRUG :KHQWKHZRUGGLVSOD\VFRUUHFWO\SUHVV>@WRLQVHUWDVSDFH,IWKHFRUUHFWZRUGGRHVQRWGLVSOD\VHOHFWDQDOWHUQDWHZRUGIURPWKHOLVWWKDWDSSHDUV1XPEHU3UHVVWKHDSSURSULDWHDOSKDQXPHULFNH\WRHQWHUDQXPEHU6\PERO3UHVVWKHDSSURSULDWHDOSKDQXPHULFNH\WRVHOHFWDV\PERO
9LHZWH[WRUPXOWLPHGLDPHVVDJHV ,Q0HQXPRGHVHOHFW0HVVDJHV®0\PHVVDJHV®,QER[ 6HOHFWDWH[WRUPXOWLPHGLDPHVVDJH9LHZDQHPDLO ,Q0HQXPRGHVHOHFW0HVVDJHV®0\PHVVDJHV®(PDLOLQER[ 6HOHFW&KHFNQHZHPDLO 6HOHFWDQHPDLORUDKHDGHU ,I\RXVHOHFWHGDKHDGHUSUHVV2SWLRQV!®5HWULHYHWRYLHZWKHERG\RIWKHHPDLO$GGDQGILQGFRQWDFWV/HDUQWKHEDVLFVRIXVLQJWKHSKRQHERRNIHDWXUH$GGDQHZFRQWDFW ,Q,GOHPRGHHQWHUDSKRQHQXPEHUDQGSUHVV2SWLRQV! 6HOHFW6DYH®DPHPRU\ORFDWLRQSKRQHRU6,0®1HZ  6HOHFWDQXPEHUW\SHLIQHFHVVDU\ (QWHUFRQWDFWLQIRUPDWLRQ 3UHVV2SWLRQV!®6DYHWRDGGWKHFRQWDFWWRPHPRU\)LQGDFRQWDFW ,Q0HQXPRGHVHOHFW3KRQHERRN (QWHUWKHILUVWIHZOHWWHUVRIWKHQDPH\RXZDQWWRILQG 6HOHFWWKHFRQWDFW¶VQDPHIURPWKHVHDUFKOLVW2QFH\RXKDYHIRXQGDFRQWDFW\RXFDQz FDOOWKHFRQWDFWE\SUHVVLQJ>@z HGLWWKHFRQWDFWLQIRUPDWLRQE\SUHVVLQJ>2.@
&RQQHFWLYLW\ %OXHWRRWK %OXHWRRWKLVDVKRUWUDQJHZLUHOHVVFRPPXQLFDWLRQVWHFKQRORJ\FDSDEOHRIH[FKDQJLQJLQIRUPDWLRQRYHUDGLVWDQFHRIDERXWPZLWKRXWUHTXLULQJDSK\VLFDOFRQQHFWLRQ <RXGRQRWQHHGWROLQHXSWKHGHYLFHVWREHDPLQIRUPDWLRQZLWK%OXHWRRWK,IWKHGHYLFHVDUHZLWKLQUDQJHRIRQHDQRWKHU\RXFDQH[FKDQJHLQIRUPDWLRQEHWZHHQWKHPHYHQLIWKH\DUHORFDWHGLQGLIIHUHQWURRPV 6DPVXQJLVQRWUHVSRQVLEOHIRUWKHORVVLQWHUFHSWLRQRUPLVXVHRIGDWDVHQWRUUHFHLYHGYLDWKH%OXHWRRWKZLUHOHVVIHDWXUH $OZD\VHQVXUHWKDW\RXVKDUHDQGUHFHLYHGDWDZLWKGHYLFHVWKDWDUHWUXVWHGDQGSURSHUO\VHFXUHG,IWKHUHDUHREVWDFOHVEHWZHHQWKHGHYLFHVWKHRSHUDWLQJGLVWDQFHPD\EHUHGXFHG 6RPHGHYLFHVHVSHFLDOO\WKRVHWKDWDUHQRWWHVWHGRUDSSURYHGE\%OXHWRRWK6,*PD\EHLQFRPSDWLEOHZLWK\RXUGHYLFH ¾ 7XUQRQWKH%OXHWRRWKZLUHOHVVIHDWXUH  ,Q0HQXPRGHVHOHFW6HWWLQJVĺ&RQQHFWLYLW\ĺ%OXHWRRWK  6HOHFW%OXHWRRWKWRWXUQRQWKH%OXHWRRWKZLUHOHVVIHDWXUH 3 7RDOORZRWKHUGHYLFHVWRORFDWH\RXUGHYLFHVHOHFW ĺ6HWWLQJVĺ0\SKRQH¶VYLVLELOLW\ĺ$OZD\V ¾ 7XUQRIIWKH%OXHWRRWKZLUHOHVVIHDWXUH ,Q0HQXPRGHVHOHFW6HWWLQJVĺ&RQQHFWLYLW\ĺ%OXHWRRWK6HOHFW%OXHWRRWKWRWXUQRIIWKH%OXHWRRWKZLUHOHVVIHDWXUH,I\RXVHOHFWHG&XVWRPHQWHUGXUDWLRQWKDW\RXUGHYLFHLVYLVLEOHDQGVHOHFW'RQH 2QFHWKH%OXHWRRWKZLUHOHVVIHDWXUHLVDFWLYHVHOHFW DQGXVHWKHIROORZLQJRSWLRQV 7RFKDQJH\RXUGHYLFH¶VQDPHVHOHFW6HWWLQJVĺ0\SKRQH¶VQDPH 7RVHWOLPLWVRQEURZVLQJ\RXUILOHVWRRWKHUVVHOHFW6HWWLQJVĺ6HFXUHPRGH 7RFKHFN%OXHWRRWKVHUYLFHVDYDLODEOHRQ\RXUGHYLFHDQGLQIRUPDWLRQDERXWWKHVHUYLFHVVHOHFW%OXHWRRWKVHUYLFHV 
¾)LQGDQGSDLUZLWKRWKHU%OXHWRRWKHQDEOHGGHYLFHV  ,Q0HQXPRGHVHOHFW6HWWLQJVĺ&RQQHFWLYLW\ĺ%OXHWRRWKĺ6HDUFK  6HOHFWDGHYLFH  (QWHUD3,1IRUWKH%OXHWRRWKZLUHOHVVIHDWXUHRUWKHRWKHUGHYLFH¶V%OXHWRRWK3,1LILWKDVRQHDQGVHOHFW'RQH$OWHUQDWLYHO\VHOHFW<HVWRPDWFKWKH3,1EHWZHHQ\RXUGHYLFHDQGWKHGHYLFH :KHQWKHRZQHURIWKHRWKHUGHYLFHHQWHUVWKHVDPH3,1RUDFFHSWVWKHFRQQHFWLRQSDLULQJLVFRPSOHWH,IWKHSDLULQJLVVXFFHVVIXOWKHGHYLFHZLOODXWRPDWLFDOO\VHDUFKIRUDYDLODEOHVHUYLFHV 6RPHGHYLFHVHVSHFLDOO\KHDGVHWVRUKDQGVIUHHFDUNLWVPD\KDYHDIL[HG%OXHWRRWK3,1VXFKDV,IWKHRWKHUGHYLFHKDVD3,1\RXPXVWHQWHULW 2QFHWKHGHYLFHLVSDLUHGZLWKDQRWKHU%OXHWRRWKHQDEOHGGHYLFHWKHGHYLFHLFRQZLOOWXUQJUHHQ6HOHFWDSDLUHGGHYLFHDQGXVHWKHIROORZLQJRSWLRQV7REURZVHILOHVRQWKHSDLUHGGHYLFHVHOHFW%URZVHILOHV 7RYLHZWKHVHUYLFHOLVWRIWKHSDLUHGGHYLFHVHOHFW6HUYLFHOLVW 7RFKDQJHWKHSDLUHGGHYLFHQDPHVHOHFW5HQDPH 7RDOORZWKHSDLUHGGHYLFHWRDFFHVVDQGEURZVH\RXUILOHVVHOHFW$XWKRULVHGHYLFH 7RVHQG\RXUILOHVWRWKHSDLUHGGHYLFHVHOHFW6HQG0\ILOHV 7RHQGWKHFRQQHFWLRQDQGGHOHWHWKHSDLUHGGHYLFHVHOHFW'HOHWH ¾ 6HQGGDWDXVLQJWKH%OXHWRRWKZLUHOHVVIHDWXUH  6HOHFWDILOHRULWHPVXFKDVDFRQWDFWFDOHQGDUHYHQWPHPRWDVNRUPHGLDILOHIURPDQDSSURSULDWHDSSOLFDWLRQRU0\ILOHV  6HOHFW ĺDQRSWLRQIRUVHQGLQJYLD%OXHWRRWK3 6HDUFKIRUDQGSDLUZLWKD%OXHWRRWKHQDEOHGGHYLFH ¾5HFHLYHGDWDXVLQJWKH%OXHWRRWKZLUHOHVVIHDWXUH  (QWHUWKH3,1IRUWKH%OXHWRRWKZLUHOHVVIHDWXUHDQGVHOHFW2.LIQHFHVVDU\ 
 6HOHFW<HVWRFRQILUPWKDW\RXDUHZLOOLQJWRUHFHLYHGDWDIURPWKHGHYLFHLIQHFHVVDU\ 5HFHLYHGGDWDLVVDYHGWRDQDSSURSULDWHDSSOLFDWLRQRUIROGHUDFFRUGLQJWRLWVW\SH)RUH[DPSOHDPXVLFRUVRXQGFOLSLVVDYHGWRWKHVRXQGIROGHUDQGDFRQWDFWWRWKHSKRQHERRN ¾ 8VH5HPRWH6,0PRGH ,Q5HPRWH6,0PRGH\RXFDQPDNHRUDQVZHUFDOOVRQO\ZLWKDFRQQHFWHG%OXHWRRWKKDQGVIUHHFDUNLWYLDWKH6,0RU86,0FDUGRQ\RXUGHYLFH7RDFWLYDWH5HPRWH6,0PRGH  ,Q0HQXPRGHVHOHFW6HWWLQJVĺ&RQQHFWLYLW\ĺ%OXHWRRWK  6HOHFW ĺ6HWWLQJVĺ5HPRWH6,0PRGH 7RXVH5HPRWH6,0PRGHVWDUWWKH%OXHWRRWKFRQQHFWLRQIURPD%OXHWRRWKKDQGVIUHHFDUNLW <RXPXVWDXWKRULVHWKH%OXHWRRWKKDQGVIUHHFDUNLW :L)L /HDUQWRXVH\RXUGHYLFH¶VZLUHOHVVQHWZRUNLQJFDSDELOLWLHVWRDFWLYDWHDQGFRQQHFWWRDQ\ZLUHOHVVORFDODUHDQHWZRUN:/$1FRPSDWLEOHZLWKWKH,(((VWDQGDUGV <RXFDQFRQQHFWWRWKHLQWHUQHWRURWKHUQHWZRUNGHYLFHVDQ\ZKHUHDQDFFHVVSRLQWRUZLUHOHVVKRWVSRWLVDYDLODEOH <RXUGHYLFHXVHVQRQKDUPRQLVHGIUHTXHQF\DQGLVLQWHQGHGIRUXVHLQDOO(XURSHDQFRXQWULHV7KH:/$1FDQEHRSHUDWHGLQWKH(8ZLWKRXWUHVWULFWLRQLQGRRUVEXWFDQQRWEHRSHUDWHGRXWGRRUVLQ)UDQFH ¾ $FWLYDWHWKH:/$1IHDWXUH ,Q0HQXPRGHVHOHFW6HWWLQJVĺ&RQQHFWLYLW\ĺ:L)L $QDFWLYH:/$1UXQQLQJLQWKHEDFNJURXQGZLOOFRQVXPHEDWWHU\SRZHU7RSUHVHUYHEDWWHU\SRZHUDFWLYDWHWKH:/$1RQO\ZKHQQHHGHG ¾ 'HDFWLYDWHWKH:/$1IHDWXUH ,Q0HQXPRGHVHOHFW6HWWLQJVĺ&RQQHFWLYLW\ĺ:L)L ¾ )LQGDQGFRQQHFWWRD:/$1 1 ,Q0HQXPRGHVHOHFW6HWWLQJVĺ&RQQHFWLYLW\ĺ:L)L7KHGHYLFH
ZLOODXWRPDWLFDOO\VHDUFKIRUDYDLODEOH:/$1V2 6HOHFWWKHFKHFNER[QH[WWRDQHWZRUN3 (QWHUDSDVVZRUGIRUWKHQHWZRUNDQGVHOHFW'RQHLIQHFHVVDU\ ¾ &XVWRPLVHWKHFRQQHFWLRQSURILOH 1 ,Q0HQXPRGHVHOHFW6HWWLQJVĺ&RQQHFWLYLW\ĺ:L)L2 6HOHFWWKHGLVFRYHUHG:/$1$37KHFXUUHQWFRQQHFWLRQSURILOHIRUWKHQHWZRUNDSSHDUV3 &XVWRPLVHWKHFRQQHFWLRQSURILOHRIWKHVHOHFWHG:/$1 2SWLRQ )XQFWLRQ 1DPH 9LHZWKHQDPHRIWKHSURILOH 6HFXULW\W\SH($3PHWKRG 9LHZWKHVHFXULW\W\SHRIWKH:/$1$36HOHFWDQ($3PHWKRG7KLVRSWLRQLVDYDLODEOHGHSHQGLQJRQWKHVHOHFWHGVHFXULW\W\SH 8VHUQDPH (QWHU\RXUXVHUQDPH7KLVRSWLRQLVDYDLODEOHGHSHQGLQJRQWKHVHOHFWHGVHFXULW\W\SH 3DVVZRUG (QWHU\RXUSDVVZRUG7KLVRSWLRQLVDYDLODEOHGHSHQGLQJRQWKHVHOHFWHGVHFXULW\W\SH ,3DGGUHVV 9LHZ\RXU,3DGGUHVVRIWKH:/$1$3 ,3DGGUHVVW\SH 6HOHFWWKH,3DGGUHVVW\SHRIWKH:/$1$3 2SWLRQ )XQFWLRQ 3UR[\DGGUHVVDQGSRUW (QWHUWKHDGGUHVVDQGSRUWQXPEHURIWKHSUR[\VHUYHU $30$& 9LHZWKH0$&DGGUHVVRIWKH:/$1$3  7RGHOHWHDOOGHWDLOVRIWKHFRQQHFWLRQSURILOHVHOHFW)RUJHW ¾ &RQQHFWWRD:/$1XVLQJD:L)L3URWHFWHG6HWXS:36 
1 ,Q0HQXPRGHVHOHFW6HWWLQJVĺ&RQQHFWLYLW\ĺ:L)L2 6HOHFW:363%&RU:363,1GHSHQGLQJRQWKH$3GHYLFHW\SH3 3UHVVD:36EXWWRQRQWKH$3GHYLFHZLWKLQPLQXWHV2UHQWHUD3,1RQWKH$3GHYLFHDQGVHOHFW6WDUWZLWKLQPLQXWHV 0RELOH$3 /HDUQDERXWWKH0RELOH$3IHDWXUHZKLFKVHWV\RXUGHYLFHDVDQZLUHOHVV$3$FFHVV3RLQWWRFRQQHFWWRWKHLQWHUQHWRQRWKHUQHWZRUNGHYLFHV  ,Q0HQXPRGHVHOHFW6HWWLQJVĺ&RQQHFWLYLW\ĺ0RELOH$3  6HOHFW0RELOH$3RQWKHWRSWRDFWLYDWHWKH0RELOH$3IHDWXUH  6HOHFW2.WRFRQILUP 
,&QRWLFH 7KLV&ODVV%GLJLWDODSSDUDWXVFRPSOLHVZLWK&DQDGLDQ,&(6 &HWDSSDUHLOQXPpULTXHGHODFODVVH%HVWFRQIRUPHjODQRUPH10%GX&DQDGD 7KLVGHYLFHFRPSOLHVZLWK,QGXVWU\&DQDGDOLFHQFHH[HPSW566VWDQGDUGV2SHUDWLRQLVVXEMHFWWRWKHIROORZLQJWZRFRQGLWLRQVWKLVGHYLFHPD\QRWFDXVHLQWHUIHUHQFHDQGWKLVGHYLFHPXVWDFFHSWDQ\LQWHUIHUHQFHLQFOXGLQJLQWHUIHUHQFHWKDWPD\FDXVHXQGHVLUHGRSHUDWLRQRIWKHGHYLFH /HSUpVHQWDSSDUHLOHVWFRQIRUPHDX[&15G,QGXVWULH&DQDGDDSSOLFDEOHVDX[DSSDUHLOVUDGLRH[HPSWVGHOLFHQFH/H[SORLWDWLRQHVWDXWRULVpHDX[GHX[FRQGLWLRQVVXLYDQWHVODSSDUHLOQHGRLWSDVSURGXLUHGHEURXLOODJHHWOXWLOLVDWHXUGHODSSDUHLOGRLWDFFHSWHUWRXWEURXLOODJHUDGLRpOHFWULTXHVXELPrPHVLOHEURXLOODJHHVWVXVFHSWLEOHGHQFRPSURPHWWUHOHIRQFWLRQQHPHQW 
1)&<RXUGHYLFHDOORZV\RXWRUHDG1HDU)LHOG&RPPXQLFDWLRQ1)&WDJVWKDWFRQWDLQLQIRUPDWLRQDERXWSURGXFWVVXFKDVZHEDGGUHVVHVRUVHUYLFHFDOOQXPEHUV7KH1)&IHDWXUHLVDVKRUWUDQJHKLJKIUHTXHQF\ZLUHOHVVFRQQHFWLYLW\WHFKQRORJ\WKDWDOORZV\RXUPRELOHGHYLFHWRUHDGDQGZULWHVRPHLQIRUPDWLRQZKHQSODFHGQHDUDQ1)&WDJ<RXFDQDOVRXVHWKLVIHDWXUHWRPDNHSD\PHQWVDQGEX\WLFNHWVIRUWUDQVSRUWDWLRQRUHYHQWVE\GRZQORDGLQJDSSOLFDWLRQV 7KHEDWWHU\LQFOXGHVDEXLOWLQ1)&DQWHQQD+DQGOHWKHGHYLFHFDUHIXOO\WRDYRLGGDPDJLQJWKH1)&DQWHQQD¾¾$FWLYDWHRUGHDFWLYDWHWKH1)&IHDWXUH1 ,Q0HQXPRGHVHOHFW1)&2 'UDJWKHVOLGHQH[WWR$FWLYDWLRQ7RGHDFWLYDWHWKH1)&IHDWXUHGUDJWKHVOLGHQH[WWR$FWLYDWLRQ¾¾5HDGLQIRUPDWLRQIURPDQ1)&WDJ2QFH\RXDFWLYDWHWKH1)&IHDWXUH\RXUGHYLFHZLOOUHDGSURGXFWLQIRUPDWLRQZKHQ\RXSODFHLWQHDUDQ1)&WDJ$YDLODEOHLQIRUPDWLRQZLOODSSHDURQ\RXUGLVSOD\<RXUGHYLFHZLOOQRWUHDG1)&WDJVGXULQJFDOOVRUZKHQWKHEDFNOLJKWLV RII¾¾9LHZWKHLQIRUPDWLRQDWDODWHUWLPH1 ,Q0HQXPRGHVHOHFW1)&2 6HOHFW7DJUHDGORJVWRYLHZWKHLQIRUPDWLRQ<RXFDQDOVRVDYHSURGXFWLQIRUPDWLRQDQGH[FKDQJHLWZLWKRWKHUV¾¾:ULWHLQIRUPDWLRQWR1)&WDJV <RXFDQZULWHDYDULHW\RILQIRUPDWLRQVXFKDVFDOOQXPEHUVDQGZHEDGGUHVVHVWR1)&WDJV1 ,Q0HQXPRGHVHOHFW1)&ĺ&UHDWH1)&WDJ2 6HOHFWDWDJW\SH\RXZDQWWRZULWHĺ1H[W3 6HOHFWLQIRUPDWLRQ\RXZDQWWRZULWH
4 3ODFHWKHFHQWUHRIWKHUHDUQHDUDQ1)&WDJ:KHQWKHZULWLQJLVFRPSOHWHDQRWLFHZLOODSSHDURQ\RXUGHYLFH¶VGLVSOD\¾¾0DNHDSXUFKDVHZLWKWKH1)&IHDWXUH %HIRUH\RXFDQXVHWKH1)&IHDWXUHWRPDNHSD\PHQWV\RXPXVWUHJLVWHUIRUWKHPRELOHSD\PHQWVHUYLFH7RUHJLVWHURUJHWGHWDLOVDERXWWKHVHUYLFHFRQWDFW\RXUVHUYLFHSURYLGHU7RPDNHDSXUFKDVHZLWKWKH1)&IHDWXUH1 3ODFHWKHFHQWUHRIWKHEDFNFRYHUQHDUDQ1)&FDUGUHDGHU2 :KHQSURPSWHGHQWHU\RXU3,1DQGSODFH\RXUGHYLFHQHDUDJDLQLIQHFHVVDU\䈜 The EDWWHU\VXSSOLHGZLWKWKLVSKRQHFRQWDLQVDVSHFLILF1)&DQWHQQD  6RRWKHUEDWWHULHVPXVWQRWEHXVHGDQGFDQQRWEHVXEVWLWXWHG
+$&0RGH 
3&&RQQHFWLRQV<RXFDQFRQQHFW\RXUGHYLFHWRD3&XVLQJDQRSWLRQDO3&GDWDFDEOHXVLQJYDULRXV86%FRQQHFWLRQPRGHV:KHQ\RXFRQQHFWWKHGHYLFHWRD3&\RXFDQV\QFKURQL]HILOHVZLWK:LQGRZV0HGLD3OD\HUWUDQVIHUGDWDWRDQGIURP\RXUGHYLFHGLUHFWO\RUODXQFK6DPVXQJ3&6WXGLRZKHQD86%FRQQHFWLRQLVGHWHFWHG&RQILJXULQJ<RXU3KRQH86%6HWWLQJV&RQILJXULQJ<RXU3KRQH86%6HWWLQJV7KLVPHQXVHOHFWVWKHPHWKRGRIFRPPXQLFDWLRQIRUWKH86%SRUW1RWH7KH%OXHWRRWKIHDWXUHPXVWILUVWEHGLVDEOHGEHIRUHLQLWLDWLQJD86%FRQQHFWLRQZLWKWKHSKRQH3ULRUWRFRQQHFWLQJWKH86%FDEOHWRWKHSKRQHLQVWDOOWKHODWHVWYHUVLRQRIWKH3&6WXGLRDSSOLFDWLRQ7KLVDSSOLFDWLRQLQVWDOOVWKHQHF HVVDU\8 6%GU LYHUVRQW R\RXUPDFKLQH)RUDI UHHGRZ QORDGRI3&6WXGLRJRWRZZZVDPVXQJFRPXVVXSSRUW7RXFK ߛ6HWWLQJVߛ&RQQHFWLYLW\ߛ6HOHFW86%PRGH6HOHFWRQHRIWKHIROORZLQJ86%PRGHV$VNRQFRQQHFWLRQFDXVHVWKHSKRQHWRSUHVHQWD³6HOHFW86%0RGH´SRSXSZKHQ \RXFRQQHFWWRWKH3&<RXFDQWKHQFKRRVHIURPHLWKHU6DPVXQJ3&6WXGLR0HGLD SOD\HURU0DVVVWRUDJH6DPVXQJ3&6WXGLRVHWV3&6WXGLRWRODXQFKDVWKHGHIDXOWDSSOLFDWLRQZKHQD86% FRQQHFWLRQLVGHWHFWHG0HGLDSOD\HUVHWVWKH0HGLD3OD\HUWRODXQFKDVWKHGHIDXOWDSSOLFDWLRQZKHQD86% FRQQHFWLRQLVGHWHFWHG0DVVVWRUDJHDOORZV\RXWRXWLOL]HWKHRQERDUGVWRUDJHFDSDFLW\RIWKHSKRQH¶VPLFUR6' FDUGWRVWRUHDQGXSORDGILOHV7KLVRSWLRQDOORZV\RXUFRPSXWHUWRGHWHFWWKHSKRQH¶V PLFUR6'FDUGDVDUHPRYDEOHVWRUDJHGULYH7RXFK6DYH
WURXEOHVKRRWLQJ,I\RXDUHKDYLQJWURXEOHZLWK\RXUPRELOHSKRQHWU\WKHVHWURXEOHVKRRWLQJSURFHGXUHVEHIRUHFRQWDFWLQJDVHUYLFHSURIHVVLRQDO:KLOHXVLQJ\RXUSKRQHWKHIROORZLQJPHVVDJHVPD\DSSHDU0HVVDJH7U\WKLVWRVROYHWKHSUREOHP3OHDVHLQVHUW6,0FDUG(QVXUHWKDWWKH6,0FDUGLVLQVWDOOHGFRUUHFWO\3KRQHORFN:KHQWKHSKRQHORFNIHDWXUHLVHQDEOHG\RXPXVWHQWHUWKHSDVVZRUG\RXVHWIRUWKHSKRQH(QWHU3,1:KHQXVLQJWKHSKRQHIRUWKHILUVWWLPHRUZKHQWKH3,1UHTXLUHPHQWLVHQDEOHG\RXPXVWHQWHUWKH3,1VXSSOLHGZLWKWKH6,0FDUG<RXFDQGLVDEOHWKLVIHDWXUHE\XVLQJWKH3,1ORFN  PHQX(QWHU38.<RXU6,0FDUGLVEORFNHGXVXDOO\DVDUHVXOWRIHQWHULQJ\RXU3,1LQFRUUHFWO\VHYHUDOWLPHV<RXPXVWHQWHUWKH38.VXSSOLHGE\\RXUVHUYLFHSURYLGHU <RXUSKRQHGLVSOD\V³1HWZRUNXQDYDLODEOH´RU³1HWZRUNHUURU´z :KHQ\RXDUHLQDUHDVZLWKZHDNVLJQDOVRUSRRUUHFHSWLRQ\RXPD\ORVHUHFHSWLRQ0RYHWRDQRWKHUDUHDDQGWU\DJDLQz <RXFDQQRWDFFHVVVRPHRSWLRQVZLWKRXWDVXEVFULSWLRQ&RQWDFW\RXUVHUYLFHSURYLGHUIRUPRUHGHWDLOV<RXHQWHUDQXPEHUEXWWKHFDOOLVQRWGLDOOHGz (QVXUHWKDW\RXKDYHSUHVVHGWKH'LDONH\> @z (QVXUHWKDW\RXKDYHDFFHVVHGWKHULJKWFHOOXODUQHWZRUNz (QVXUHWKDW\RXKDYHQRWVHWFDOOEDUULQJIRUWKHSKRQHQXPEHU$QRWKHUFDOOHUFDQQRWUHDFK\RXz (QVXUHWKDW\RXUSKRQHLVWXUQHGRQz (QVXUHWKDW\RXKDYHDFFHVVHGWKHULJKWFHOOXODUQHWZRUNz (QVXUHWKDW\RXKDYHQRWVHWFDOOEDUULQJIRUWKHSKRQHQXPEHU$QRWKHUFDOOHUFDQQRWKHDU\RXVSHDNLQJz (QVXUHWKDW\RXDUHQRWFRYHULQJWKHEXLOWLQPLFURSKRQHz (QVXUHWKDWWKHPLFURSKRQHLVFORVHWR\RXUPRXWKz ,IXVLQJDKHDGVHWHQVXUHWKDWLWLVSURSHUO\FRQQHFWHG
7KHSKRQHEHHSVDQGWKHEDWWHU\LFRQIODVKHV<RXUEDWWHU\LVORZ5HFKDUJHRUUHSODFHWKHEDWWHU\WRFRQWLQXHXVLQJWKHSKRQH7KHDXGLRTXDOLW\RIWKHFDOOLVSRRUz :KHQ\RXDUHLQDUHDVZLWKZHDNVLJQDOVRUSRRUUHFHSWLRQ\RXPD\ORVHUHFHSWLRQRUH[SHULHQFHSRRUDXGLRTXDOLW\0RYHWRDQRWKHUDUHDDQGWU\DJDLQz :KHQ\RXDUHLQDUHDVZLWKZHDNVLJQDOVRUSRRUUHFHSWLRQ\RXPD\ORVHUHFHSWLRQ0RYHWRDQRWKHUDUHDDQGWU\DJDLQ<RXVHOHFWDFRQWDFWWRFDOOEXWWKHFDOOLVQRWGLDOOHGz (QVXUHWKDWWKHFRUUHFWQXPEHULVVWRUHGLQWKHFRQWDFWOLVWz5HHQWHUDQGVDYHWKHQXPEHULIQHFHVVDU\7KHEDWWHU\GRHVQRWFKDUJHSURSHUO\RUVRPHWLPHVWKHSKRQHWXUQVLWVHOIRIIz 7KHEDWWHU\WHUPLQDOVPD\EHGLUW\:LSHERWKJROGFRORXUHGFRQWDFWVZLWKDFOHDQVRIWFORWKDQGWU\FKDUJLQJWKHEDWWHU\DJDLQz ,IWKHEDWWHU\ZLOOQRORQJHUFKDUJHFRPSOHWHO\GLVSRVHRIWKHROGEDWWHU\SURSHUO\DQGUHSODFHLWZLWKDQHZEDWWHU\<RXUSKRQHLVKRWWRWKHWRXFK:KHQ\RXXVHVHYHUDODSSOLFDWLRQVDWRQFH\RXUSKRQHUHTXLUHVPRUHSRZHUDQGPD\KHDWXS7KLVLVQRUPDODQGVKRXOGQRWDIIHFW\RXUSKRQH¶VOLIHVSDQRUSHUIRUPDQFH6RPHRIWKHFRQWHQWVLQWKLVPDQXDOPD\GLIIHUIURP\RXUSKRQHGHSHQGLQJRQWKHVRIWZDUHRIWKHSKRQHRU\RXUVHUYLFHSURYLGHU
:RUOG:LGH:HEKWWSZZZVDPVXQJPRELOHFRP3ULQWHGLQ.RUHD&RGH1R*+;;;;;$(QJOLVK(8'UDIW

Navigation menu