Sanwa Electronic Instrument Co 90481M 2.4GHz RADIO CONTROL SYSTEM User Manual MT 4 Operating Manual 1st Section

Sanwa Electronic Instrument Co Ltd 2.4GHz RADIO CONTROL SYSTEM MT 4 Operating Manual 1st Section

User Manual

3DJH
3DJH
3$&.$*,1*
7KHSDFNDJLQJRI\RXU$LUWURQLFV07*+])+667UDGLRFRQWUROV\VWHPKDVEHHQVSHFLDOO\GHVLJQHGIRUWKHVDIHWUDQVSRUWDWLRQ
DQGVWRUDJHRIWKHUDGLRFRQWUROV\VWHPVFRPSRQHQWV$IWHUXQSDFNLQJ\RXUUDGLRFRQWUROV\VWHPGRQRWGLVFDUGWKH
SDFNDJLQJPDWHULDOV6DYHWKHSDFNDJLQJPDWHULDOVIRUIXWXUHXVHLI\RXHYHUQHHGWRVHQG\RXUUDGLRFRQWUROV\VWHPWRXVIRU
VHUYLFHRUWRVWRUH\RXUUDGLRFRQWUROV\VWHPLI\RXGRQWSODQRQXVLQJLWIRUDQH[WHQGHGSHULRGRIWLPH
7$%/(2)&217(176
3DJH
$GGLWLRQDO*+]UHFHLYHUVFDQEHSXUFKDVHGDQGSDLUHGZLWKWKH07WUDQVPLWWHUWKURXJKWKH%LQGLQJRSHUDWLRQ'XHWR
GLIIHUHQFHVLQWKHLPSOHPHQWDWLRQRI*+]WHFKQRORJ\DPRQJGLIIHUHQWPDQXIDFWXUHUVRQO\$LUWURQLFVEUDQG*+]'6
)+66)+66DQG)+667VXUIDFHUHFHLYHUVDUHFRPSDWLEOHZLWK\RXUUDGLRFRQWUROV\VWHP7HOHPHWU\IXQFWLRQVDUHDYDLODEOH
RQO\ZKHQXVHGZLWK7HOHPHWU\FDSDEOHUHFHLYHUV3OHDVHVHH\RXU$LUWURQLFVGHDOHURUZZZDLUWURQLFVQHWIRUPRUHLQIRUPDWLRQ
,1752'8&7,21
:HDSSUHFLDWH\RXUSXUFKDVHRIWKHQHZ$LUWURQLFV07*+])+667UDGLRFRQWUROV\VWHP7KLV2SHUDWLQJ0DQXDOLV
LQWHQGHGWRDFTXDLQW\RXZLWKWKHPDQ\XQLTXHIHDWXUHVRI\RXUVWDWHRIWKHDUW7HOHPHWU\FDSDEOHUDGLRFRQWUROV\VWHP3OHDVH
UHDGWKLVRSHUDWLQJPDQXDOFDUHIXOO\SULRUWRXVHVRWKDW\RXPD\REWDLQPD[LPXPVXFFHVVDQGHQMR\PHQWIURPWKHRSHUDWLRQRI
\RXUQHZUDGLRFRQWUROV\VWHP
7KH07*+])+667UDGLRFRQWUROV\VWHPKDVEHHQGHVLJQHGIRUWKHXWPRVWLQFRPIRUWDQGSUHFLVHFRQWURORIDOOW\SHVRI
PRGHOFDUVDQGERDWV:HZLVK\RXWKHEHVWRIVXFFHVVDQGIXQZLWK\RXUQHZSXUFKDVH
)&&&203/,$1&(67$7(0(17
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JHQHUDWHVXVHVDQGFDQUDGLDWHUDGLRIUHTXHQF\HQHUJ\DQGLIQRWLQVWDOOHGDQGXVHGLQDFFRUGDQFHZLWKWKHRSHUDWLQJ
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
O 5HRULHQWRUUHORFDWHWKHUHFHLYLQJDQWHQQD
O ,QFUHDVHWKHVHSDUDWLRQEHWZHHQWKHHTXLSPHQWDQGWKHUHFHLYHU
O &RQQHFWWKHHTXLSPHQWLQWRDQRXWOHWRQDFLUFXLWGLIIHUHQWIURPWKDWWRZKLFKWKHUHFHLYHULVFRQQHFWHG
O &RQVXOWWKHGHDOHURUDQH[SHULHQFHGWHFKQLFLDQIRUKHOS
7KLVGHYLFHFRPSOLHVZLWK3DUWRIWKH)&&5XOHVDQGZLWK566RI,QGXVWU\&DQDGD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
:$51,1*&KDQJHVRUPRGL¿FDWLRQVPDGHWRWKLVHTXLSPHQWQRWH[SUHVVO\DSSURYHGE\$LUWURQLFVPD\YRLGWKH)&&DXWKRUL]DWLRQ
WRRSHUDWHWKLVHTXLSPHQW
5)([SRVXUH6WDWHPHQW
7KLVWUDQVPLWWHUKDVEHHQWHVWHGDQGPHHWVWKH)&&5)H[SRVXUHJXLGHOLQHVZKHQXVHGZLWKWKH$LUWURQLFVDFFHVVRULHVVXSSOLHG
RUGHVLJQDWHGIRUWKLVSURGXFWDQGSURYLGHGDWOHDVWFPVHSDUDWLRQEHWZHHQWKHDQWHQQDWKHXVHUVERG\LVPDLQWDLQHG8VHRI
RWKHUDFFHVVRULHVPD\QRWHQVXUHFRPSOLDQFHZLWK)&&5)H[SRVXUHJXLGHOLQHV
7KLVLVDKLJKRXWSXWIXOOUDQJHUDGLRFRQWUROV\VWHPWKDWVKRXOGZHOOH[FHHGWKHUDQJHQHHGHGIRUDQ\VXUIDFHPRGHO)RU
VDIHW\WKHXVHUVKRXOGSHUIRUPDUDQJHWHVWDWWKHDUHDRIRSHUDWLRQWRHQVXUHWKDWWKHUDGLRFRQWUROV\VWHPKDVFRPSOHWH
FRQWURORIWKHPRGHODWKHIDUWKHVWUHDFKHVRIWKHRSHUDWLRQDODUHD5DWKHUWKDQRSHUDWLQJWKHPRGHOZHUHFRPPHQGWKDWWKHXVHU
HQOLVWWKHKHOSRIDIHOORZPRGHOHUWRZDONWKHPRGHOWRWKHIDUWKHVWUHDFKHVRIWKHWUDFNRUIRUERDWVWRZDONWKHVKRUHOLQHZHOOLQ
H[FHVVRIWKHRSHUDWLRQDOGLVWDQFHRIWKHERDWWKHQWHVWIRUSURSHURSHUDWLRQ
7KLVUDGLRFRQWUROV\VWHPRSHUDWHVRQWKH*+]IUHTXHQF\EDQG7KH*+]FRQQHFWLRQLVGHWHUPLQHGE\WKHWUDQVPLWWHU
DQGUHFHLYHUSDLU8QOLNHRUGLQDU\FU\VWDOEDVHGV\VWHPV\RXUPRGHOFDQEHXVHGZLWKRXWIUHTXHQF\FRQWURO
O %HFHUWDLQWRUHDGWKLV2SHUDWLQJ0DQXDOLQLWVHQWLUHW\
O 6DIHW\)LUVWIRU\RXUVHOIIRURWKHUVDQGIRU\RXUHTXLSPHQW
O 2EVHUYHDOOWKHUXOHVRIWKH¿HOGWUDFNRUODNHZKHUH\RX
RSHUDWH\RXUUDGLRFRQWUROHTXLSPHQW
O ,IDW DQ\WLPH GXULQJWKH RSHUDWLRQRI \RXUPRGHOVKRXOG
\RXIHHORUREVHUYHHUUDWLFRSHUDWLRQRUDEQRUPDOLW\HQG
\RXURSHUDWLRQDVTXLFNO\DQGVDIHO\DVSRVVLEOH'2127
RSHUDWH\RXUPRGHODJDLQXQWLO\RXDUHFHUWDLQWKHSUREOHP
KDVEHHQFRUUHFWHG7$.(12&+$1&(6
O <RXUPRGHOFDQFDXVHVHULRXVGDPDJHRULQMXU\VRSOHDVH
XVHFDXWLRQDQGFRXUWHV\DWDOOWLPHV
O 'RQRWH[SRVHWKHUDGLRFRQWUROV\VWHPWRZDWHURUH[FHVVLYH
PRLVWXUH
O 3OHDVHZDWHUSURRIWKHUHFHLYHUDQGVHUYRVE\SODFLQJWKHP
LQDZDWHUWLJKWUDGLRER[ZKHQRSHUDWLQJ5&PRGHOERDWV
O ,I\RXKDYHOLWWOHWRQRH[SHULHQFHRSHUDWLQJ5&PRGHOVZH
VWURQJO\UHFRPPHQG\RXVHHNWKHDVVLVWDQFHRIH[SHULHQFHG
PRGHOHUVRU\RXUORFDOKREE\VKRSIRUJXLGDQFH
O 7KH/RZ9ROWDJH$ODUPZLOOVRXQGZKHQWKHWUDQVPLWWHU
EDWWHU\YROWDJHGURSVWRWKHPLQLPXPWKUHVKROG,IWKLV
RFFXUV VWRS XVLQJ WKH WUDQVPLWWHU DV VRRQ DV SRVVLEOH
WKHQUHSODFHRUUHFKDUJHWKHWUDQVPLWWHUEDWWHU\
6$)(7<
3DJH
O 7KHUHFHLYHUDQWHQQDFRQVLVWVRIDFRD[LDOFDEOHDQGDUHFHSWLRQZLUHWKHWKLQWLSDWWKHHQGRIWKHFRD[LDOFDEOH:KHQ\RX
PRXQWWKHUHFHLYHUDQWHQQDGRQRWEHQGWKHUHFHSWLRQZLUH5HFHSWLRQSHUIRUPDQFHGHFUHDVHVLIWKHUHFHSWLRQZLUHLVEHQW
O 7KHDQWHQQDZLUHLVGHOLFDWHWKHUHIRUHKDQGOHZLWKFDUH'RQRWSXOORQWKHDQWHQQDZLUHZLWK
IRUFH'RQRWFXWRUH[WHQGWKHDQWHQQDZLUH
O 7KHFRD[LDOFDEOHWKHWKLFNHUSRUWLRQRUWKHDQWHQQDFDQEHEHQWLQWRJHQWOHFXUYHVKRZHYHUGR
QRWEHQGWKHFRD[LDOFDEOHDFXWHO\RUUHSHDWHGO\EHQGLWRUWKHDQWHQQDFRUHFDQEHGDPDJHG
O 7KHDQWHQQDZLUHVKRXOGEHLQVWDOOHGLQWRDYHUWLFDOSODVWLFWXEHSHU\RXUSDUWLFXODUPRGHOVDVVHPEO\LQVWUXFWLRQV.HHSWKH
UHFHLYHUDQWHQQDDVIDUDZD\IURPWKHPRWRUEDWWHU\DQG(6&DVSRVVLEOH
O 7KHUHLVDGDQJHURIUXQDZD\RSHUDWLRQLIFRQQHFWRUVVKDNHORRVHGXULQJXVH0DNHVXUHWKDWWKHUHFHLYHUVHUYRVDQGVZLWFK
FRQQHFWRUVDUHVHFXUHO\¿WWHG
O 7KHUHFHLYHULVVXVFHSWLEOHWRYLEUDWLRQVKRFNDQGPRLVWXUH7DNHDSSURSULDWHPHDVXUHVWRSURWHFWDJDLQVW
YLEUDWLRQDQGPRLVWXUH)DLOXUHWRWDNHDSSURSULDWHPHDVXUHVFRXOGUHVXOWLQUXQDZD\RSHUDWLRQRUGDPDJH
WRWKHUHFHLYHU:HVXJJHVWZUDSSLQJWKHUHFHLYHULQVKRFNDEVRUELQJIRDPRUVHFXULQJLWZLWKGRXEOHVLGHG
IRDPWDSHZKHQLQVWDOOLQJLWLQWR\RXUPRGHO
O :KHQLQVWDOOLQJWKHUHFHLYHUDQGURXWLQJWKHUHFHLYHUDQWHQQDDYRLGFRQWDFWZLWKDQ\FDUERQRUPHWDOFKDVVLV
FRPSRQHQWV&RQWDFWEHWZHHQPHWDOSDUWVPRXQWHGRQDPRGHOFDQUHVXOWLQHOHFWULFDOQRLVHZKLFKFDQ
DGYHUVHO\HIIHFWUHFHLYHUSHUIRUPDQFHDQGSRVVLEO\UHVXOWLQUXQDZD\RSHUDWLRQRUGDPDJHWR\RXUPRGHO
O :LWKHOHFWULFSRZHUHGPRGHOVEHVXUHWR¿WWKHPRWRUZLWKDQRLVHVXSSUHVVLRQFDSDFLWRU:LWKRXWDQRLVH
VXSSUHVVLRQFDSDFLWRUH[FHVVLYHHOHFWULFDOQRLVHJHQHUDWLRQFDQFDXVHUXQDZD\RSHUDWLRQDQGRUUHVXOWLQ
GDPDJHWR\RXUPRGHO
O 8VHUXEEHUDQWLYLEUDWLRQDEVRUEHUVZLWKVHUYRV'LUHFWWUDQVPLVVLRQRIHQJLQHYLEUDWLRQWRVHUYRVFDQFDXVHVHUYRIDLOXUHDQG
SRVVLEO\UHVXOWLQUXQDZD\RSHUDWLRQZLWKGDPDJHWR\RXUPRGHO
86$*(35(&$87,216
75$160,77(535(&$87,216
,QDGGLWLRQWRWKH6DIHW\DQG)&&&RPSOLDQFHVHFWLRQVRQWKHSUHYLRXVSDJHSOHDVHREVHUYHWKHIROORZLQJSUHFDXWLRQV
UHJDUGLQJWKH*+]IUHTXHQF\EDQGDQGXVLQJ\RXUQHZ$LUWURQLFV07*+])+667UDGLRFRQWUROV\VWHP,QDGGLWLRQ
SD\FDUHIXODWWHQWLRQWRWKHLQIRUPDWLRQLQWKH5HFHLYHU3UHFDXWLRQVVHFWLRQUHJDUGLQJLQVWDOOLQJWKHUHFHLYHULQWR\RXUPRGHO
O 7XUQWKHWUDQVPLWWHU21¿UVWDQGWKHQWXUQWKHUHFHLYHU21$IWHUXVLQJ\RXUPRGHO
WXUQWKHUHFHLYHU2))¿UVWWKHQWXUQWKHWUDQVPLWWHU2)),WFDQEHGDQJHURXVLI\RX
DFWLYDWHWKHFRPSRQHQWVLQUHYHUVHRUGHUDVWKHVHUYRVPD\VWDUWXSLQDGYHUWHQWO\
O %HIRUHXVHGRXEOHFKHFNWKDWWKHWUDQVPLWWHUDQGUHFHLYHUEDWWHULHVKDYHVXI¿FLHQW
SRZHU
O 7KH07*+])+667WUDQVPLWWHUIHDWXUHVDQLQWHUQDODQWHQQDLQVWDOOHGLQVLGHWKHYHUWLFDOEDFNSRUWLRQ
RIWKHFDUU\LQJKDQGOH'R127JUDEWKHFDUU\LQJKDQGOHGXULQJXVH'RLQJVRFDQEORFNWKH5)VLJQDOUHVXOWLQJLQWKHORVVRI
FRQWURORI\RXUPRGHO
O 'XULQJXVHKROGWKHWUDQVPLWWHUVRWKDWWKHDQWHQQDLVRULHQWDWHGDVFORVHWRYHUWLFDODVSRVVLEOHDWDOOWLPHV7KLVSURYLGHVWKH
EHVW5)VLJQDOEHWZHHQWKHWUDQVPLWWHUDQGWKHUHFHLYHU<RXVKRXOGQHYHUSRLQWWKHDQWHQQDGLUHFWO\
DW\RXUPRGHOQRUVKRXOG\RXHYHUIROORZ\RXUPRGHOZLWKWKHDQWHQQDDVWKLVUHVXOWVLQDZHDNHQHG
5)VLJQDO)RUPRUHLQIRUPDWLRQVHHWKH7UDQVPLWWHU)HDWXUHV'LDJUDPVHFWLRQRQSDJH;;
O 'RQRWH[SRVHWKHWUDQVPLWWHURUDQ\RWKHUFRPSRQHQWVWRH[FHVVLYHKHDWPRLVWXUHIXHOH[KDXVW
UHVLGXHHWF
O ,IWKHRXWHUFDVHEHFRPHVGLUW\LWFDQEHFOHDQHGZLWKDVRIWGU\FORWK,IWKHRXWHUFDVHEHFRPHVVRLOHGLWFDQEHFOHDQHGZLWK
DGDPSFORWKDQGOLTXLGGHWHUJHQW'RQRWXVHDQ\VROYHQWVWRFOHDQWKHRXWHUFDVH6ROYHQWVZLOOGDPDJHWKH¿QLVK
5(&(,9(535(&$87,216
*+=)5(48(1&<%$1'35(&$87,216
O 7KH*+]IUHTXHQF\EDQGPD\EHXVHGE\RWKHUGHYLFHVRURWKHUGHYLFHVLQWKHLPPHGLDWHDUHDPD\FDXVHLQWHUIHUHQFHRQ
WKHVDPHIUHTXHQF\EDQG$OZD\VEHIRUHXVHFRQGXFWDEHQFKWHVWWRHQVXUHWKDWWKHVHUYRVRSHUDWHSURSHUO\$OVRFRQGXFW
FKHFNVZLWKWKHWUDQVPLWWHUDVGLVWDQWDVSRVVLEOHIURP\RXUPRGHO
O 7KHUHVSRQVHVSHHGRIWKHUHFHLYHUFDQEHDIIHFWHGLIXVHGZKHUHPXOWLSOH*+]UDGLRFRQWUROOHUVDUHEHLQJXVHGWKHUHIRUH
FDUHIXOO\FKHFNWKHDUHDEHIRUHXVH$OVRLIUHVSRQVHVHHPVVORZGXULQJXVHVWRS\RXUPRGHOLPPHGLDWHO\DQGGLVFRQWLQXHXVH
O ,IWKH*+]IUHTXHQF\EDQGLVVDWXUDWHGWRRPDQ\UDGLRFRQWUROOHUVRQDWRQFHDVDVDIHW\SUHFDXWLRQWKHUDGLRFRQWURO
V\VWHPPD\QRWELQG7KLVHQVXUHVWKDW\RXUUDGLRFRQWUROV\VWHPGRHVQRWJHWKLWE\LQWHUIHUHQFH2QFHWKHIUHTXHQFLHVKDYH
EHHQFOHDUHGRUWKHVDWXUDWLRQOHYHOKDVGURSSHG\RXUUDGLRFRQWUROV\VWHPVKRXOGEHDEOHWRELQGZLWKRXWDQ\SUREOHPV
$QWHQQD7XEH
&RD[LDO&DEOH
$QWHQQD
5HFHSWLRQ:LUH
3DJH
)($785(6$1'63(&,),&$7,216
6<67(0)($785(6
6<67(063(&,),&$7,216
7UDQVPLWWHU
0RGHO077HOHPHWU\6\VWHP
2XWSXW3RZHUP:
1RPLQDO,QSXW9ROWDJHYaY
2SHUDWLQJ9ROWDJH5DQJHYaY
'U\:HLJKWR]JU
)UHTXHQF\*+])+667
5HFHLYHU
0RGHO5;7HOHPHWU\
)UHTXHQF\*+])+667
1RPLQDO,QSXW9ROWDJHYaY
:HLJKWR]JU
'LPHQVLRQV[[LQ[[PP
)DLO6DIH/LPLWYaY)+7YaY)+)+
7RUTXH R]LQNJFP#Y
 R]LQNJFP#Y
6SHHG VHF#Y
 VHF#Y
'LPHQVLRQV[[LQ
 [[PP
:HLJKWR]JU
7RUTXH R]LQNJFP#Y
 R]LQNJFP#Y
6SHHG VHF#Y
 VHF#Y
'LPHQVLRQV[[LQ
 [[PP
:HLJKWR]JU
06';'LJLWDO+LJK3RZHU0HWDO*HDU'XDO%DOO%HDULQJ6HUYR
7RUTXH R]LQNJFP#Y
 R]LQNJFP#Y
6SHHG VHF#Y
 VHF#Y
'LPHQVLRQV[[LQ
 [[PP
:HLJKWR]JU
6';'LJLWDO6WDQGDUG%DOO%HDULQJ6HUYR
%RWKDQDORJDQGGLJLWDOVHUYRVZLOOZRUNZLWK\RXU07*+])+667UDGLRFRQWUROV\VWHP7RJHWWKHPRVWRXWRI\RXU
H[SHULHQFHZHUHFRPPHQGWKHXVHRIGLJLWDOVHUYRVLQ6+5RU665PRGH)RUPRUHLQIRUPDWLRQVHHSDJH;;
06';'LJLWDO0HWDO*HDU/RZ3UR¿OH'XDO%DOO%HDULQJ6HUYR
7RUTXH R]LQNJFP#Y
 R]LQNJFP#Y
6SHHG VHF#Y
 VHF#Y
'LPHQVLRQV[[LQ
 [[PP
:HLJKWR]JU
06';'LJLWDO+LJK3RZHU0HWDO*HDU'XDO%DOO%HDULQJ6HUYR
:HUHFRPPHQGXVLQJ$LUWURQLFVEUDQGVHUYRVZLWK\RXU07*+])+667UDGLRFRQWUROV\VWHP7KHVHDUHDIHZRIRXU
PRUHSRSXODUVHUYRV6HH\RXUORFDO$LUWURQLFVGHDOHURUZZZDLUWURQLFVQHWIRUSULFLQJDYDLODELOLW\DQGPRUHVHOHFWLRQ
6(5925(&200(1'$7,216
O &KDQQHO*+])++7'LJLWDO+LJK5HVSRQVH&RPSXWHU5DGLRZLWK$GYDQFHG3URJUDPPLQJ
O 7HOHPHWU\6\VWHP)HDWXUHV&RQVWDQWO\8SGDWHG7HPSHUDWXUH530DQG9ROWDJH'LVSOD\HGRQWKH7HOHPHWU\6FUHHQ
O +LJK3RZHU)+6677HFKQRORJ\3URYLGHVWKH%HVW5HFHSWLRQDQG&RQQHFWLYLW\*LYLQJ5DFHUV$GGHG$VVXUDQFH
O &HOO'U\&HOO%DWWHU\IRU/LJKWHU:HLJKW$OVR$FFHSWV2SWLRQDO1L&G0+%DWWHULHVRU6/L3RRU6/L)H$%DWWHU\3DFNV
O $GMXVWDEOH6WHHULQJ:KHHO
O $GMXVWDEOH*ULS
O 9DULDEOH5DWH$GMXVWPHQW
O 0RGHO1DPLQJ
O 0RGHO6HOHFW
O 0RGHO&OHDU
O 0RGH7\SH)+)+)+)'6
O 0XOWL)XQFWLRQ/&'&RQWUDVW
O $GMXVWDEOH.H\9ROXPHDQG7RQH
O 3URJUDPPDEOH/RZ9ROWDJH$ODUP
O ,QDFWLYLW\DQG2YHU9ROWDJH$ODUPV
O 'LJLWDO%DWWHU\9ROWDJH0RQLWRU
O 0RGHO0HPRU\
O 7HOHPHWU\/RJJLQJ
O 'LUHFW0RGHO6HOHFW
O &KDQQHO6HW0HQX
O 6HUYR5HYHUVLQJ
O 6WHHULQJ7KURWWOHDQG%UDNH'XDO5DWH
O (QG3RLQW$GMXVWPHQW
O ([SRQHQWLDORU$5&$GMXVWPHQW
O 6HUYR6SHHG$GMXVWPHQW
O $QWL/RFN%UDNLQJ
O 7KURWWOH2IIVHW
O /DSDQG,QWHUYDO7LPHUV
O 7RWDO%HVWDQG,QGLYLGXDO/DS'LVSOD\
O )RXU:KHHO6WHHULQJ0L[LQJ
O 'XDO7KURWWOH0L[LQJZ'LJ%XUQ
O 1RUPDO665DQG6+56HUYR0RGHV
O &HQWHURU3DUDOOHO7ULP7\SHV
O 6WHS$X[LOLDU\
O 3RLQW$X[LOLDU\
O $X[LOLDU\0L[LQJ
O 3URJUDPPDEOH)DLO6DIH
O 5HFHLYHU%DWWHU\9ROWDJH)DLO6DIH
O 'LJLWDO7ULPV
O 6HUYR6XE7ULP
O $GMXVWDEOH7KURWWOH7ULJJHU
O 3URJUDPPDEOH6ZLWFKHV/HYHUDQG'LDO
3DJH
㼀
㼞㼙㻝
㼀
㼞㼙
㻟
㻿㼣
㻝
㻰
㼕㼍
㼘
㻸
㼑㼢㼑㼞
㼀㼞㼙㻠
㼀㼞㼙㻞
㼀㼞㼙㻟
㻿㼣㻞
Digita
l
Hig
h
Response Te
l
emetr
y
S
y
ste
m
)($785(6)$0,/,$5,=$7,21
$QWHQQD
7ULP6ZLWFK7UP
6WHHULQJ:KHHO
%DWWHU\&RPSDUWPHQW
'LDO.QRE
7KURWWOH7ULJJHU
*ULS
7KURWWOH7ULJJHU3RVLWLRQ
$GMXVWPHQW6FUHZ
3RZHU6ZLWFK
75$160,77(5)($785(6',$*5$06
8VHWKHGLDJUDPV LQWKLVVHFWLRQWR IDPLOLDUL]H\RXUVHOIZLWK WKHEDVLFIHDWXUHVRI\RXU07 *+])+667WUDQVPLWWHU
'HVFULSWLRQVRIWKHVHIHDWXUHVFDQEHIRXQGLQWKH7UDQVPLWWHUDQG5HFHLYHU)HDWXUHV'HVFULSWLRQVVHFWLRQRQSDJHV;;DQG;;
7KHWUDQVPLWWHUDQWHQQDLVPRXQWHGLQWHUQDOO\DQGLVORFDWHGLQWKHYHUWLFDOEDFNSRUWLRQRIWKHFDUU\LQJKDQGOH:KHQ\RXUH
GULYLQJ\RXUPRGHOKROGWKHWUDQVPLWWHUVRWKDWWKHDQWHQQDLVRULHQWDWHGDVFORVHWRYHUWLFDODVSRVVLEOHDWDOOWLPHV7KLV
SURYLGHVWKHEHVW5)VLJQDOEHWZHHQWKHWUDQVPLWWHUDQGWKHUHFHLYHU<RXVKRXOGQHYHUSRLQWWKHDQWHQQDGLUHFWO\DW\RXUPRGHO
QRUVKRXOG\RXHYHUIROORZ\RXUPRGHOZLWKWKHDQWHQQD'RLQJVRFDQUHVXOWLQDZHDNHQHG5)VLJQDO
3XVK%XWWRQ
6ZLWFK6Z
7ULP6ZLWFK7UP
7ULP6ZLWFK7UP
7ULP6ZLWFK7UP
$X[LOLDU\/HYHU
)52179,(:
5,*+76,'(9,(:
6WHHULQJ:KHHO7HQVLRQ
$GMXVWPHQW6FUHZ
7KURWWOH7ULJJHU7HQVLRQ
$GMXVWPHQW6FUHZ
3XVK%XWWRQ
6ZLWFK6Z
3DJH
)($785(6)$0,/,$5,=$7,21
75$160,77(5)($785(6',$*5$06&217,18('
㼀㼞㼙㻝
㻮㼍㼏㼗㻛㻯㼍㼚㼏㼑㼘
㻸㻱㻰㻝㻛㻞
M
ulti Function Full Dots Displa
y
㼀㼞㼙㻞
㼀㼞㼙㻠
㼀
0XOWL)XQFWLRQ/&' /('
3XVK%XWWRQ
5RWDU\'LDO
8S'RZQ(QWHU.H\
%DFN&DQFHO.H\
'LDO.QRE
7239,(:
7ULP6ZLWFK7UP7ULP6ZLWFK7UP
7ULP6ZLWFK7UP7ULP6ZLWFK7UP
:ULVW6WUDS
$QFKRU6ORW
Digita
l
Hig
h
Response Te
l
emetr
y
S
y
ste
m
&KDUJLQJ-DFN
/()76,'(9,(:
7KURWWOH7ULJJHU3RVLWLRQ
$GMXVWPHQW,QGLFDWRU
3RZHU6ZLWFK
$QWHQQD
*ULS
3DJH
)($785(6)$0,/,$5,=$7,21
8VHWKHGLDJUDPEHORZWRIDPLOLDUL]H\RXUVHOIZLWKWKH5;&KDQQHO*+])+6677HOHPHWU\UHFHLYHULQFOXGHG
ZLWK\RXU07*+])+667UDGLRFRQWUROV\VWHP'HVFULSWLRQVRIWKHVHIHDWXUHVFDQEHIRXQGLQWKH7UDQVPLWWHUDQG5HFHLYHU
)HDWXUHV'HVFULSWLRQVVHFWLRQEHORZ
5(&(,9(5)($785(6',$*5$0
7KHUHFHLYHUEDWWHU\FDQEHSOXJJHGLQWRDQ\FKDQQHOVORWWRSRZHUWKHUHFHLYHU7RXWLOL]HDOOFKDQQHOVDQGDVHSDUDWH
UHFHLYHUEDWWHU\D<+DUQHVVQRWLQFOXHGPXVWEHXVHG)RUPRUHLQIRUPDWLRQVHHWKH5HFHLYHU0RXQWLQJDQG&RQQHFWLRQV
VHFLRQRQSDJH;;
$QWHQQD7UDQVPLWVWKHVLJQDOIURPWKHWUDQVPLWWHUWRWKHUHFHLYHULQWKHPRGHO1HYHUWRXFKWKH$QWHQQDGXULQJXVH'RLQJVR
PD\UHVXOWLQDZHDNHQG5)VLJQDORUFRPSOHWHORVVRIFRQWURORI\RXUPRGHO
$QWHQQD5HFHSWLRQ:LUH7KHSRUWLRQRIWKHUHFHLYHUDQWHQQDWKDWUHFHLYHVWKHWUDQVPLWWHUVLJQDO7KH$QWHQQD5HFHSWLRQ:LUH
VKRXOGQHYHUEHEHQWRULWFRXOGEHGDPDJHGDQGOLPLWWKHUDQJHRI\RXUPRGHO
$X[LOLDU\/HYHU7KH$X[LOLDU\/HYHULVSURJUDPPDEOHDQGZLOOSHUIRUPDGLIIHUHQWIXQFWLRQGHSHQGLQJRQZKDWIXQFWLRQLVDVVLJQHG
WRLW)RUH[DPSOHLWFDQEHXVHGWRFRQWURO$X[LOLDU\&KDQQHORUWRFRQWUROWKH6HUYR6SHHGIXQFWLRQ
%DFN&DQFHO.H\3UHVVLQJWKH%DFN&DQFHO.H\UHWXUQVWKH3URJUDPPLQJ&XUVRUWRWKHSUHYLRXVPHQX3UHVVDQG+2/'WKH
%DFN&DQFHO.H\WRUHWXUQWRWKH7RS0HQX
%DWWHU\&RPSDUWPHQW+RXVHVWKH$$$ONDOLQHFHOOVWKDWSRZHUWKHWUDQVPLWWHU$OWHUQDWLYHO\WKHWUDQVPLWWHUFDQEHSRZHUHG
XVLQJIRXU$$1L&GRU1L0+UHFKDUJHDEOHEDWWHULHVRUD6/L3RRU6/L)H$EDWWHU\SDFN
%LQG%XWWRQ8VHGLQWKHSURFHVVRI%LQGLQJWKHWUDQVPLWWHUDQGUHFHLYHU
%LQG/(''LVSOD\VWKHFXUUHQWVWDWXVRIWKHUHFHLYHU
&KDUJLQJ-DFN8VHGIRURQERDUGFKDUJLQJRIRSWLRQDO1L&GRU1L0+EDWWHULHV'RQRWDWWHPSWWRFKDUJH$ONDOLQHEDWWHULHV
2QO\WKHUHFRPPHQGHG$LUWURQLFV Y$& FKDUJHUVKRXOGEHXVHG WKURXJKWKH &KDUJLQJ-DFN,IXVLQJ DQDIWHUPDUNHW
3HDN'HWHFWLRQFKDUJHURURWKHUW\SHRIIDVWFKDUJHUWKHEDWWHULHVVKRXOGEHUHPRYHGIURPWKHWUDQVPLWWHUWRDYRLGGDPDJHWRWKH
WUDQVPLWWHUFLUFXLWU\DQGRU\RXUEDWWHULHV'RQRWDWWHPSWWRFKDUJHD/L3RRU/L)H$EDWWHU\SDFNWKURXJKWKH&KDUJLQJ-DFN
&RD[LDO&DEOH7KHSRUWLRQRIWKHUHFHLYHUDQWHQQDWKDWH[WHQGVWKH$QWHQQD5HFHSWLRQ:LUH7KH&RD[LDO&DEOHFDQEHEHQWLQWR
JHQWOHFXUYHVKRZHYHUGRQRWEHQGLWDFXWHO\RUUHSHDWHGO\EHQGLWRUWKHDQWHQQDFRUHFDQEHGDPDJHG7KH&RD[LDO&DEOH
VKRXOGEHLQVWDOOHGLQWRDQ\ORQWXEHDQWHQQDWXEHDQGSRVLWLRQHGYHUWLFDOO\LQ\RXUPRGHOIRUWKHEHVWUHFHSWLRQ
'LDO.QRE7KH'LDO.QREFDQURWDWHDQGLVSURJUDPPDEOHWRSHUIRUPDGLIIHUHQWIXQFWLRQGHSHQGLQJRQZKDWIXQFWLRQLV
DVVLJQHGWRLW)RUH[DPSOHLWFDQEHXVHGWRLQFUHDVHDQGGHFUHDVHSURJUDPPLQJYDOXHVFRQWURODWULPIXQFWLRQRUFRQWURODQ
$X[LOLDU\&KDQQHO
*ULS7KH*ULSLVPROGHGIURPUXEEHULQDQHUJRQRPLFVKDSHIRULQFUHDVHGFRPIRUWFRQWURODQGIHHO$QRSWLRQDO*ULSLVLQFOXGHG
WKDWLVPROGHGLQDGLIIHUHQWVKDSHWKDWVRPHXVHUVPD\¿QGIHHOVPRUHFRPIRUWDEOH
/(''LVSOD\VWKHFXUUHQWVLJQDORXWSXWVWDWXVRIWKHWUDQVPLWWHU/('%OXHDQGWKH7HOHPHWU\FRQQHFWLRQ/('5HG
,QDGGLWLRQRQHRUERWK/('VDUHXVHGWRLQGLFDWHYDULRXVWUDQVPLWWHUFRQGLWLRQV)RUH[DPSOHZKHQD7KURWWOH2IIVHWSHUFHQWDJH
YDOXHLVSURJUDPPHGWKHEOXH/('ZLOOÀDVK
0XOWL)XQFWLRQ/&'7KHKHDUWRIWKH SURJUDPPLQJDQGGLVSOD\IHDWXUHVRI WKHWUDQVPLWWHU$OOSURJUDPPLQJ DQGWUDQVPLWWHU
GLVSOD\IXQFWLRQVDUHVKRZQRQWKH0XOWL)XQFWLRQ/&'
75$160,77(5$1'5(&(,9(5)($785(6'(6&5,37,216
)RULQIRUPDWLRQDERXWXVLQJWKH7HOHPHWU\6\VWHPVHHSDJHV;;a;;DQG;;a;;
%LQG%XWWRQ
&RD[LDO&DEOH
$QWHQQD
5HFHSWLRQ
:LUH
%LQG/('
6LJQDO 3RVLWLYH 1HJDWLYH
7HOHPHWU\,QSXWV
6WHHULQJ&+
7KURWWOH&+
$X[LOLDU\&+
$X[LOLDU\&+
3DJH
)($785(6)$0,/,$5,=$7,21
75$160,77(5$1'5(&(,9(5)($785(6'(6&5,37,216&217,18('
3RZHU6ZLWFK7XUQVWKHWUDQVPLWWHU21DQG2))
3XVK%XWWRQ5RWDU\'LDO7KH3XVK%XWWRQ5RWDU\'LDODOVRUHIHUUHGWRDVWKH8S.H\'RZQ.H\RU(QWHUNH\LVXVHGDORQJ
ZLWKWKH%DFN&DQFHO.H\WRIDFLOLWDWHWUDQVPLWWHUSURJUDPPLQJ,WDOORZV\RXWRTXLFNO\DQGHDVLO\QDYLJDWHWKHYDULRXV3URJUDPPLQJ
0HQXVDQGVZLWFKEHWZHHQWKH7RS0HQXDQGWKH7HOHPHWU\VFUHHQ
3XVK%XWWRQ6ZLWFK7KHWUDQVPLWWHUIHDWXUHVWZRVHSDUDWH3XVK%XWWRQ6ZLWFKHVLQGLIIHUHQWORFDWLRQV6ZDQG6Z(DFK
3XVK%XWWRQ6ZLWFKLVSURJUDPPDEOHDQGZLOOSHUIRUPDGLIIHUHQWIXQFWLRQGHSHQGLQJRQZKDWIXQFWLRQLVDVVLJQHGWRLW)RU
H[DPSOH6ZFDQEHXVHGWRRSHUDWHDUHYHUVHVHUYRLQDJDVRUJORZSRZHUHGPRGHODQG6ZFDQEHXVHGWRWRJJOH$QWL/RFN
%UDNLQJ21DQG2))
6WHHULQJ:KHHO3URSRUWLRQDOO\RSHUDWHVWKHPRGHOVULJKWDQGOHIWVWHHULQJFRQWURO7KH6WHHULQJ:KHHOIHDWXUHVDIRDPJULSIRU
LQFUHDVHGFRPIRUWFRQWURODQGIHHO,QDGGLWLRQWKH6WHHULQJ:KHHOVSULQJWHQVLRQDQGWUDYHOOLPLWVFDQEHDGMXVWHG
6WHHULQJ:KHHO7HQVLRQ$GMXVWPHQW6FUHZ8VHGWRDGMXVWWKHVSULQJWHQVLRQRIWKHVWHHULQJZKHHOWREHVWVXLWWKHIHHORIWKH
XVHU7XUQLQJWKH6WHHULQJ:KHHO7HQVLRQ$GMXVWPHQW6FUHZFORFNZLVHLQFUHDVHVVWHHULQJZKHHOWHQVLRQDQGWXUQLQJWKH6WHHULQJ
:KHHO7HQVLRQ$GMXVWPHQW6FUHZFRXQWHUFORFNZLVHGHFUHDVHVVWHHULQJZKHHOWHQVLRQ
7HOHPHWU\,QSXWV/RFDWHGXQGHUDUHPRYDEOHSURWHFWLYHFRYHUWKH7HOHPHWU\,QSXWVDUHZKHUH\RXSOXJWKH7HPSHUDWXUHDQG
5307HOHPHWU\VHQVRUVLQWR7ZRVHSDUDWHWHPSHUDWXUHLQSXWVDQGRQH530LQSXWDUHDYDLODEOH
7KURWWOH7ULJJHU&RQWUROVWKHVSHHGRIWKHPRGHOERWKIRUZDUGDQGEDFNZDUGRUWKHPRGHOVEUDNH7KH7KURWWOH7ULJJHUSRVLWLRQ
DQJOHDQGVSULQJWHQVLRQFDQDOOEHDGMXVWHG
7KURWWOH7ULJJHU3RVLWLRQ$GMXVWPHQW,QGLFDWRU,QGLFDWHV WKHFXUUHQW SRVLWLRQRIWKH7KURWWOH7ULJJHU$VWKHWKURWWOHWULJJHU
SRVLWLRQLVDGMXVWHGIRUZDUGRUEDFNZDUGWKH7KURWWOH7ULJJHU3RVLWLRQ$GMXVWPHQW,QGLFDWRUZLOOPRYHIRUZDUGRUEDFNZDUG
7KURWWOH7ULJJHU7HQVLRQ$GMXVWPHQW6FUHZ8VHGWRDGMXVWWKHVSULQJWHQVLRQRIWKHWKURWWOHWULJJHUWREHVWVXLWWKHIHHORIWKH
XVHU7XUQLQJWKH7KURWWOH7ULJJHU7HQVLRQ$GMXVWPHQW6FUHZFORFNZLVHLQFUHDVHVWKURWWOHWULJJHUWHQVLRQDQGWXUQLQJWKH7KURWWOH
7ULJJHU7HQVLRQ$GMXVWPHQW6FUHZFRXQWHUFORFNZLVHGHFUHDVHVWKURWWOHWULJJHUWHQVLRQ
7KURWWOH7ULJJHU3RVLWLRQ$GMXVWPHQW6FUHZ8VHGWRDGMXVWWKHSRVLWLRQRIWKH7KURWWOH7ULJJHUHLWKHUIRUZDUGRUEDFNZDUG
7ULP6ZLWFK7KHWUDQVPLWWHUIHDWXUHVIRXUVHSDUDWH7ULP6ZLWFKHVSRVLWLRQHGDURXQGWKHVWHHULQJZKHHO7UP7UP7UPDQG
7UP(DFK7ULP6ZLWFKLVSURJUDPPDEOHDQGZLOOSHUIRUPDGLIIHUHQWIXQFWLRQGHSHQGLQJRQZKDWIXQFWLRQLVDVVLJQHGWRLW)RU
H[DPSOH7UPDQG7UPFDQEHXVHGWRDGMXVWVWHHULQJDQGWKURWWOH7ULPDQG7UPDQG7UPFDQEHXVHGWRDGMXVW'XDO5DWH
DQGVWHHULQJ(3$
:ULVW6WUDS$QFKRU6ORW8VHGWRDWWDFKWKHZULVWVWUDSDQFKRUWRWKHWUDQVPLWWHU
7KH5;&KDQQHO*+])+6677HOHPHWU\UHFHLYHULQFOXGHGZLWK\RXU07*+])+667UDGLRFRQWURO
V\VWHP XVHV$LUWURQLFV = FRQQHFWRUV ZKLFK DUH HOHFWURQLFDOO\ FRPSDWLEOH ZLWK WKH VHUYRV RI RWKHU UDGLR FRQWURO V\VWHP
PDQXIDFWXUHUV7KHFRQQHFWRUVDUHUXJJHGEXWVKRXOGEHKDQGOHGZLWKFDUH
:KHQXQSOXJJLQJWKHVHUYRFRQQHFWRULWVEHVWQRWWRSXOORQWKHVHUYRZLUHLWVHOI7KLVFRXOGUHVXOWLQGDPDJHWRWKHVHUYR
ZLUHSLQVLQWKHSODVWLFSOXJ$OZD\VJUDVSWKHSODVWLFFRQQHFWRULWVHOI
6(592&211(&7256
 1HJDWLYH%ODFN
 3RVLWLYH5HG
6 6LJQDO%OXH
75$160,77(56$)(7<$/$506$1'/('&21',7,21,1',&$7256
7KH07*+])+667WUDQVPLWWHULVHTXLSSHGZLWKVHYHUDOGLIIHUHQWVDIHW\DODUPVWRZDUQ\RXRIDQDEQRUPDOWUDQVPLWWHU
FRQGLWLRQ,QDGGLWLRQ/('DQG/('FDQDOVREHXVHGWRLQGLFDWHYDULRXVWUDQVPLWWHUFRQGLWLRQV
2YHU9ROWDJH$ODUP
7KH2YHU9ROWDJH$ODUPZLOOVRXQGLIWKHWUDQVPLWWHUEDWWHU\YROWDJHLVJUHDWHUWKDQ
YROWV7RFOHDUWKLVDODUPWXUQWKHWUDQVPLWWHU2))DQGUHSODFHWKHWUDQVPLWWHUEDWWHU\ZLWK
RQHWKDWZKHQIXOO\FKDUJHGGRHVQRWH[FHHGYROWV
7KH07*+])+667WUDQVPLWWHUV2SHUDWLQJ9ROWDJH5DQJHLVaYROWV'2127XVHDWUDQVPLWWHUEDWWHU\
ZLWKDYROWDJHJUHDWHUWKDQYROWVRUWKHWUDQVPLWWHUFDQEHGDPDJHG
,IXVLQJ DQRWKHUEUDQG RIVHUYR GRXEOHFKHFNWKH SRODULW\
RIWKHVHUYRFRQQHFWRUSULRUWRSOXJJLQJLWLQWRWKHUHFHLYHU
3DJH
)($785(6)$0,/,$5,=$7,21
/RZ9ROWDJH$OHUW$ODUP
7KH/RZ9ROWDJH$OHUW$ODUPZLOOVRXQGZKHQWKHWUDQVPLWWHUEDWWHULHVUHDFKWKH$OHUW
9ROWDJHYDOXHSURJUDPPHGLQWKH6<67(0$/$50PHQX7KHDODUPZLOOVRXQGHDFK
WLPHWKHWUDQVPLWWHUEDWWHU\YROWDJHGHFUHDVHVE\YROW7RFOHDUWKLVDODUPSUHVVWKH
%DFN&DQFHONH\RUWKH3XVK%XWWRQ5RWDU\'LDO)RUPRUHLQIRUPDWLRQDERXWSURJUDPPLQJ
WKH/RZ9ROWDJH$OHUW$ODUPVHHSDJH;;
75$160,77(56$)(7<$/$506$1'/('&21',7,21,1',&$7256&217,18('
7HOHPHWU\7HPSHUDWXUH7(03DQG7(03$ODUP
7KH7HOHPHWU\7HPSHUDWXUH$ODUPZLOOVRXQGZKHQWKH7(03DQGRU7(03WHPSHUDWXUH
UHDFKHVWKH$OHUW7HPSHUDWXUHYDOXHSURJUDPPHGLQWKH6<67(07(/(0(75<PHQX
7RFOHDUWKLVDODUPSUHVVWKH%DFN&DQFHONH\RUWKH3XVK%XWWRQ5RWDU\'LDO)RUPRUH
LQIRUPDWLRQDERXWSURJUDPPLQJWKH7HOHPHWU\7HPSHUDWXUH$ODUPVHHSDJH;;
7HOHPHWU\5HFHLYHU,QSXW9ROWDJH$ODUP
7KH7HOHPHWU\5HFHLYHU,QSXW9ROWDJH$ODUPZLOOVRXQGZKHQWKHUHFHLYHUEDWWHU\UHDFKHV
WKH$OHUW9ROWDJHYDOXH\RXYHSURJUDPPHGLQWKH6<67(07(/(0(75<PHQX7RFOHDU
WKLVDODUPSUHVVWKH%DFN&DQFHONH\RUWKH3XVK%XWWRQ5RWDU\'LDO)RUPRUHLQIRUPDWLRQ
DERXWSURJUDPPLQJWKH7HOHPHWU\5HFHLYHU,QSXW9ROWDJH$ODUPVHHSDJH;;
%OXH
%OXH
%OXH
%OXH
5HG
5HG
5HG
%OXHDQG5HG
%OXHDQG5HG
%OXHDQG5HG
%OXHDQG5HG
5)2XWSXW6LJQDO2.
7KURWWOH2IIVHW9DOXH21ZLWK3RVLWLYHRU1HJDWLYH9DOXH3URJUDPPHG
7HOHPHWU\/RJJHU)XQFWLRQ2SHUDWLQJ
$QWL/RFN%UDNLQJ)XQFWLRQ2SHUDWLQJ
1R7UDQVPLWWHU5HFHLYHU7HOHPHWU\&RQQHFWLRQ
7HOHPHWU\$ODUP6WDUWHG
/RZ9ROWDJH$OHUW$ODUP6WDUWHG
%LQG&RPPDQG7UDQVPLWWHG
3RZHU21$ODUP6WDUWHG
/RZ9ROWDJH/LPLW$ODUP6WDUWHG
2YHU9ROWDJH$ODUP6WDUWHG
/('&2/25 /('&21',7,21'(6&5,37,21
/('&21',7,21
21
)ODVK
6ORZ)ODVK
)DVW)ODVK
21
)ODVK
)ODVK
)ODVK$OWHUQDWHO\
)ODVK
)DVW)ODVK$OWHUQDWHO\
)DVW)ODVK$OWHUQDWHO\
3RZHU21$ODUP
7KH3RZHU21$ODUPZLOOVRXQGLIWKHWUDQVPLWWHULVOHIWRQIRUDSHULRGRIPLQXWHVZLWKRXW
DQ\FRQWURO LQSXWIURP WKHXVHU7KLV DODUPDOHUWV \RXWR SUHYHQWXQZDQWHG GUDLQLQJRI
WKHWUDQVPLWWHUEDWWHU\7RFOHDUWKLVDODUPHLWKHUWXUQWKHWUDQVPLWWHU2))RUSUHVVWKH
%DFN&DQFHONH\RUWKH3XVK%XWWRQ5RWDU\'LDO
/RZ9ROWDJH/LPLW$ODUP
7KH/RZ 9ROWDJH/LPLW$ODUP ZLOOVRXQG ZKHQWKH WUDQVPLWWHUEDWWHULHV UHDFKWKH /LPLW
9ROWDJHYDOXHSURJUDPPHGLQWKH6<67(0$/$50PHQX7KLVDODUPFDQRQO\EHFOHDUHG
E\WXUQLQJWKHWUDQVPLWWHU2))DQGUHFKDUJLQJRUUHSODFLQJWKHWUDQVPLWWHUEDWWHULHV)RU
PRUHLQIRUPDWLRQDERXWSURJUDPPLQJWKH/RZ9ROWDJH/LPLW$ODUPVHHSDJH;;
/('&RQGLWLRQ,QGLFDWRUV
/('%OXHDQG/('5HGFDQEHXVHGWRGHWHUPLQHYDULRXVWUDQVPLWWHUFRQGLWLRQVDWDJODQFH7KH/('VZLOODOHUW\RXWR
YDULRXVZDUQLQJVDQGRWKHUWUDQVPLWWHUFRQGLWLRQVDVVKRZQLQWKHWDEOHEHORZ
3DJH
7,36$1'68**(67,216
0DQ\RIWKH7LSVDQG6XJJHVWLRQVRQWKHIROORZLQJSDJHVFDQEHIRXQGWKURXJKRXWWKLV2SHUDWLQJ0DQXDOKRZHYHUZHKDYH
OLVWHGZKDWZHIHHODUHWKHPRUHLPSRUWDQWRQHVLQWKLVVHFWLRQIRU\RXUFRQYHQLHQFH
3DJH
O 'R127FKDUJH\RXU/L3RRU/L)H$EDWWHU\SDFNWKURXJKWKHWUDQVPLWWHU&KDUJLQJ-DFN7KHEDWWHU\SDFN0867EH
UHPRYHGIURPWKHWUDQVPLWWHUIRUFKDUJLQJRUWKHWUDQVPLWWHUFRXOGEHGDPDJHG
O 8VHDFKDUJHUVSHFL¿FDOO\GHVLJQHGWRFKDUJH/L3RRU/L)H$EDWWHULHV
O:KHQFKDQJLQJWKHFRQQHFWRURQ\RXUEDWWHU\SDFNWRPDWFKWKHEDWWHU\SRZHUSOXJLQWKHEDVHRI
WKHWUDQVPLWWHURURQWKHUHFHLYHUVRQRIIVZLWFKSOHDVHREVHUYHFRUUHFWSRODULW\&RQQHFWLQJZLWK
UHYHUVHSRODULW\ZLOOGDPDJHWKHWUDQVPLWWHUDQGRUUHFHLYHU
O 2EVHUYHDOOVDIHW\SUHFDXWLRQVSURYLGHGZLWK\RXU/L3RRU/L)H$EDWWHU\SDFN
O 'DPDJHWRWKHWUDQVPLWWHUDQGRUUHFHLYHUFDXVHGE\LPSURSHUXVHZURQJEDWWHU\W\SHLQFRUUHFWYROWDJHRUUHYHUVHSRODULW\
ZLOOQRWEHFRYHUHGXQGHUZDUUDQW\
6<67(0&211(&7,216
$/.$/,1(%$77(5<,167$//$7,21
 5HPRYHWKHEDWWHU\FRYHUIURPWKHERWWRP
RIWKHWUDQVPLWWHUE\SXVKLQJ¿UPO\RQWKH
EDWWHU\FRYHULQWKHGLUHFWLRQRIWKHDUURZ
 ,QVWDOO IRXU IUHVK $$ $ONDOLQH EDWWHULHV
LQWR WKH EDWWHU\ KROGHU PDNLQJ VXUH WKDW
WKH SRODULW\ LV FRUUHFW 7KH GLUHFWLRQ WKDW
HDFKEDWWHU\VKRXOGEHLQVWDOOHGLVPROGHGLQWRWKHERWWRPRIWKHEDWWHU\KROGHU3RVLWLYHDQG1HJDWLYH
 6OLGHWKHEDWWHU\FRYHUEDFNRQWRWKHWUDQVPLWWHUDQGSXVKLW¿UPO\XQWLOLWFOLFNVFORVHG
7KH07*+])+667WUDQVPLWWHUV2SHUDWLQJ9ROWDJH5DQJHLVaYROWV7KLVDOORZV\RXWRXVHVHYHUDOGLIIHUHQW
EDWWHU\RSWLRQVQRWLQFOXGHGGHSHQGLQJRQ\RXUSUHIHUHQFH
$ONDOLQH,QWKHGHIDXOWFRQ¿JXUDWLRQWKHWUDQVPLWWHULVGHVLJQHGWREHSRZHUHGXVLQJ$$$ONDOLQHEDWWHULHV7KLVUHVXOWVLQD
WUDQVPLWWHUWKDWLVOLJKWZHLJKWDQGZHOOEDODQFHGIRUXQPDWFKHGFRPIRUW
1L&G1L0+5HFKDUJHDEOH1L&GRU1L0+EDWWHULHVRIGHVLUHGFDSDFLW\FDQEHXVHGLQSODFHRIWKH$ONDOLQHEDWWHULHV8VLQJ
UHFKDUJHDEOH1L&GRU1L0+EDWWHULHVLVPRUHFRQYHQLHQWDQGFKHDSHULQWKHORQJUXQ7KHKLJKHUFDSDFLW\EDWWHULHVZLOODOVR
SURYLGHORQJHUXVDJHWLPHWKDQPRVW$ONDOLQHEDWWHULHV
/L3RRU/L)H$$FHOO/L3REDWWHU\SDFNRUDFHOO/L)H$EDWWHU\SDFNFDQEHXVHGWRSRZHUWKHWUDQVPLWWHU7KHVH
EDWWHU\SDFNVDUHSRSXODUGXHWRWKHLUOLJKWZHLJKWDQGKLJKFDSDFLW\IRUORQJXVDJHWLPHEHWZHHQFKDUJHV
75$160,77(5%$77(5<237,216
7UDQVPLWWHUSRZHURXWSXWUDQJHDQGVSHHGDUHWKHVDPHUHJDUGOHVVRIWKHEDWWHU\YROWDJHDQGW\SHXVHG,IXVLQJD/L3RRU
/L)H$EDWWHU\SDFNSOHDVHREYHUVHWKHZDUQLQJVLQWKH:DUQLQJVLI8VLQJ/L3RRU/L)H$%DWWHULHVVHFWLRQEHORZ
:$51,1*6,)86,1*/,3225/,)($%$77(5,(6
O 8VH21/<D&HOO/L3RRU/L)H$EDWWHU\SDFNRIGHVLUHGFDSDFLW\
 1HJDWLYH%ODFN
 3RVLWLYH5HG
75$160,77(5%$77(5<&+$5*,1*237,216
7KH07*+])+667WUDQVPLWWHUIHDWXUHVD&KDUJLQJ-DFNWKDWFDQEHXVHGZLWKWKH$LUWURQLFV'XDO2XWSXWFKDUJHU
DYDLODEOHVHSDUDWHO\WRFKDUJHWKHRSWLRQDO1L&GRU1L0+EDWWHULHV7KLVDOORZV\RXWRFKDUJHWKHVHEDWWHULHVZLWKRXWUHPRYLQJ
WKHPIURPWKHWUDQVPLWWHU
:$51,1*'R127DWWHPSWWRUHFKDUJH$ONDOLQHEDWWHULHV2QO\1L&GRU1L0+EDWWHULHVVKRXOGEHFKDUJHGWKURXJKWKH
WUDQVPLWWHUV&KDUJLQJ-DFNXVLQJRQO\WKH$LUWURQLFV'XDO2XWSXWFKDUJHURUHTXLYDOHQW'2127DWWHPSWWRFKDUJH
/L3RRU/L)H$EDWWHULHVWKURXJKWKH&KDUJLQJ-DFN'R1RWXVHWKH&KDUJLQJ-DFNZLWKDIDVWFKDUJHURUDSHDNGHWHFWLRQ
FKDUJHURUWKHWUDQVPLWWHUFRXOGEHGDPDJHG
,I\RXXVHDIDVWFKDUJHURUDSHDNGHWHFWLRQFKDUJHUWRFKDUJHWKHWUDQVPLWWHUEDWWHULHVWKHEDWWHU\KROGHUPXVWEHUHPRYHG
IURPWKHWUDQVPLWWHU¿UVW7KHFLUFXLWU\ZLWKLQWKHWUDQVPLWWHUZLOOLQWHUIHUHZLWKWKHSHDNGHWHFWLRQFKDUJHUVQRUPDORSHUDWLRQ
UHVXOWLQJLQRYHUFKDUJLQJDQGGDPDJLQJWKHEDWWHU\DQGSRVVLEO\WKHWUDQVPLWWHULWVHOI,QDGGLWLRQWKHKLJKHUFKDUJHUDWHFRPPRQ
LQPDQ\IDVWFKDUJHUVFDQGDPDJHWKHWUDQVPLWWHUVFLUFXLWU\'DPDJHFDXVHGE\IDVWFKDUJLQJWKURXJKWKHWUDQVPLWWHURUXVLQJ
DQLQFRUUHFWEDWWHU\W\SHZLOOQRWEHFRYHUHGXQGHUZDUUDQW\
%RWKWKHWUDQVPLWWHUDQGUHFHLYHUKDYHD1RPLQDO,QSXW9ROWDJHRIaYROWV'212786($&(///,3225
/,)($%$77(5<3$&.RUWKHWUDQVPLWWHUDQGRUUHFHLYHUZLOOEHGDPDJHG
3DJH
6<67(0&211(&7,216
5(&(,9(5&211(&7,216$1'02817,1*
O :HVXJJHVW%LQGLQJWKHWUDQVPLWWHUDQGUHFHLYHUDQGPDNLQJDOOUHFHLYHUFRQQHFWLRQVWRFKHFNIRUFRUUHFWRSHUDWLRQSULRUWR
PRXQWLQJWKHUHFHLYHULQ\RXUPRGHO
O 7KHUHFHLYHUVKRXOGEHPRXQWHGDVIDUDZD\IURPDQ\HOHFWULFDOFRPSRQHQWVDVSRVVLEOH
O 5RXWHWKHUHFHLYHUDQWHQQDXSWKURXJKDSODVWLFWXEHVRWKDWLWLVLQWKHYHUWLFDOSRVLWLRQ
O 7RSURWHFWWKHUHFHLYHUIURPYLEUDWLRQDQGRWKHUGDPDJHZHUHFRPPHQGZUDSSLQJWKHUHFHLYHULQVKRFNDEVRUELQJIRDPRU
XVLQJGRXEOHVLGHGIRDPWDSHZKHQLQVWDOOLQJLWLQ\RXUPRGHO
,03257$177KHUHFHLYHUEDWWHU\FDQEHSOXJJHGLQWRDQ\FKDQQHOVORWWRSRZHUWKHUHFHLYHU7RXWLOL]HDOOFKDQQHOVDQG
DVHSDUDWHUHFHLYHUEDWWHU\D<+DUQHVVQRWLQFOXHGPXVWEHXVHG1RWDOOLWHPVVKRZQLQWKHLOOXVWUDWLRQEHORZDUHLQFOXGHG
ZLWK\RXUUDGLRFRQWUROV\VWHP
$VDVDIHW\SUHFDXWLRQVHW\RXUPRGHORQDVWDQGVRWKHZKHHOVDUHRIIWKHJURXQGEHIRUHWXUQLQJRQ\RXUUDGLRFRQWURO
V\VWHPRUFRQQHFWLQJ\RXUPRWRUIRUWKH¿UVWWLPH
8VHWKHGLDJUDPEHORZWRPDNHWKHFRQQHFWLRQVWRWKH5;&KDQQHO*+])+6677HOHPHWU\UHFHLYHULQFOXGHG
ZLWK\RXU07*+])+667UDGLRFRQWUROV\VWHP
7KH5;UHFHLYHUV1RPLQDO,QSXW9ROWDJHLVaYROWV$FHOO/L3RRUFHOO/L)H$EDWWHU\SDFNFDQ
EHXVHGWRSRZHUWKHUHFHLYHUZLWKRXWWKHXVHRIDYROWDJHUHJXODWRU,QDGGLWLRQWKLVDOORZV\RXWRWDNHDGYDQWDJHRIWKH
KLJKHUWRUTXHDQGVSHHGSURYLGHGE\XVLQJYROWGLJLWDOVHUYRV
,I\RXUHXVLQJDQ(OHFWURQLF6SHHG&RQWUROZLWK%(&FLUFXLWU\YHULI\WKDWLWUHGXFHVWKHYROWDJHWREHWZHHQDQGYROWV
EHIRUHPDNLQJ\RXUFRQQHFWLRQVDQGWXUQLQJ\RXUUDGLRFRQWUROV\VWHP21
6ZLWFK $$'U\&HOO%DWWHU\+ROGHU
YaY1L&G1L0+RU
6/L3RRU6/L)H$
6WHHULQJ
&KDQQHO
7KURWWOH
7+&KDQQHO
$X[LOLDU\
$8;&KDQQHO
$X[LOLDU\
$8;&KDQQHO
<+DUQHVV
5HFHLYHU
5HFHLYHU
6ZLWFK
7R%DWWHU\
7R0RWRU
(6&
7KURWWOH
&KDQQHO
*ORZ*DVRU
06&6HWXS
(OHFWURQLF6SHHG
&RQWURO6HWXS
)RULQIRUPDWLRQDERXWXVLQJWKH7HOHPHWU\V\VWHPLQFOXGLQJPRXQWLQJWKH7HOHPHWU\6HQVRUVVHHSDJH;;
%OXH
%OXH
%OXH
<HOORZ
5HFHLYLQJ5)6LJQDO
%LQGLQJ2SHUDWLRQ
5HFHLYLQJ6LJQDO&RPPDQG
5307HOHPHWU\6HQVRU&RQQHFWHGDQG5HFHLYLQJ,QSXW
/('&2/25 /('&21',7,21'(6&5,37,21
/('&21',7,21
21
6ORZ)ODVK
)ODVK
21
%LQG/('&RQGLWLRQ,QGLFDWRU
7KH%LQG/('RQWKHUHFHLYHUFDQEHXVHGWRGHWHUPLQHUHFHLYHUFRQGLWLRQDWDJODQFH7KH%LQG/('ZLOODOHUW\RXWRYDULRXV
UHFHLYHUFRQGLWLRQVDVVKRZQLQWKHWDEOHEHORZ
'R127XVHVHUYRVUDWHGIRURUYROWVZLWKD6/L3R
RU/L)H$UHFHLYHUEDWWHU\SDFNRUGDPDJHWRWKHVHUYRV
FRXOGUHVXOW
3DJH
0RYLQJWKHWKURWWOHWULJJHUSRVLWLRQGRHVQRWDIIHFWWKHSK\VLFDOPRYHPHQWRIWKHWKURWWOHWULJJHU'RQRWDWWHPSWWRDGMXVW
WKHWKURWWOHWULJJHUSRVLWLRQEH\RQGWKHOLPLWVLQGLFDWHGE\WKH7KURWWOH7ULJJHU3RVLWLRQ$GMXVWPHQW,QGLFDWRURUGDPDJHWR
WKHWUDQVPLWWHUPD\UHVXOW
$'-8670(176$1'237,216
7KHSRVLWLRQRIWKHWKURWWOHWULJJHUFDQEHDGMXVWHGIRUZDUGRUEDFNZDUGWRFKDQJHWKHIHHORIWKHWKURWWOHWULJJHUGXULQJXVH
6RPHXVHUVPD\SUHIHUWKHWKURWWOHWULJJHUSRVLWLRQHGIDUWKHUIRUZDUGDQGVRPHXVHUVP\SUHIHUWKHWKURWWOHWULJJHUSRVLWLRQHG
IDUWKHUEDFN,WDOOGHSHQGVRQ\RXUSHUVRQDOSUHIHUHQFH
㼀㼞㼙
㻝 㼀㼞㼙
㻟
$
%
7+5277/(75,**(5326,7,21$'-8670(17
7RDGMXVWWKHWKURWWOHWULJJHUSRVLWLRQIROORZWKHVWHSEHORZ
 7RPRYHWKHWKURWWOHWULJJHUEDFNZDUGXVHD SKLOLSVKHDGVFUHZGULYHU WRWXUQ
WKH 7KURWWOH 7ULJJHU 3RVLWLRQ $GMXVWPHQW 6FUHZ $ FRXQWHUFORFNZLVH7R PRYH
WKHWKURWWOH WULJJHUIRUZDUG WXUQWKH 7KURWWOH7ULJJHU 3RVLWLRQ$GMXVWPHQW6FUHZ
FORFNZLVH
$V\RXDGMXVWWKHWKURWWOHWULJJHUSRVLWLRQWKH7KURWWOH7ULJJHU3RVLWLRQ$GMXVWPHQW
,QGLFDWRU%ZLOOPRYHLQGLFDWLQJWKHFXUUHQWSRVLWLRQRIWKHWKURWWOHWULJJHU
7KHDQJOHRIWKHWKURWWOHWULJJHUFDQEHDGMXVWHGULJKWRUOHIWWRFKDQJHWKHIHHORIWKHWKURWWOHWULJJHUGXULQJXVH6RPHXVHUV
PD\SUHIHUWKHWKURWWOHWULJJHUVWUDLJKWZKLOHVRPHXVHUVP\SUHIHUWKHWKURWWOHWULJJHUDQJOHGWRZDUGWKHULJKWRUOHIW,WDOOGHSHQGV
RQ\RXUSHUVRQDOSUHIHUHQFH7KURWWOHWULJJHUDGMXVWPHQWSODWHVDUHLQFOXGHGWR¿QHWXQHWKHDQJOH
$
%
7+5277/(75,**(5$1*/($'-8670(17
7RDGMXVWWKHWKURWWOHWULJJHUDQJOHIROORZWKHVWHSVEHORZ
 8VHDSKLOLSVKHDGVFUHZGULYHUWRUHPRYHWKHWKURWWOHWULJJHUPRXQWLQJVFUHZ$
IURPWKHOHIWVLGHRIWKHWUDQVPLWWHU
 8VHWKHWLSRIDPRGHOLQJNQLIHWRFDUHIXOO\SRSWKHWULJJHUDGMXVWPHQWSODWH%RXW
RIWKHWUDQVPLWWHU
 &DUHIXOO\SUHVVWKHGHVLUHGWULJJHUDGMXVWPHQWSODWHLQWRWKHWUDQVPLWWHUPDNLQJVXUHWRRULHQWDWHLWLQWKHGLUHFWLRQ\RXZDQW
WRDQJOHWKHWKURWWOHWULJJHUWKHQUHLQVWDOODQGWLJKWHQWKHWKURWWOHWULJJHUPRXQWLQJVFUHZ
$7KURWWOH7ULJJHU&HQWHUHG6WRFN %7KURWWOH7ULJJHU$QJOHG6OLJKWO\
$QJOH5LJKWRU/HIW'HSHQGLQJRQ2ULHQWDWLRQ
&7KURWWOH7ULJJHU$QJOHG0RUH
$QJOH5LJKWRU/HIW'HSHQGLQJRQ2ULHQWDWLRQ
,QFOXGHGLVDQRSWLRQDOPROGHGUXEEHUJULSWKDWLVVKDSHGGLIIHUHQWO\IURPWKHVWRFNJULSWKDWVSUHLQVWDOOHGRQWKHWUDQVPLWWHU7KH
RSWLRQDOJULSLVVWUDLJKWQHDUWKHERWWRPZKLFKVRPHXVHUVPD\¿QGPRUHFRPIRUWDEOH
*5,3
7RLQVWDOOWKHRSWLRQDOJULSIROORZWKHVWHSVEHORZ
 5HPRYHWKHRULJLQDOJULSIURPWKHKDQGOHE\¿UPO\SXOOLQJGRZQRQWKHEDFNRI
WKHJULSDWWKHWRSWKHQE\SXOOLQJWKHJULSRXWDORQJLWVIURQWHGJHV
 7RLQVWDOOWKHQHZJULSDOLJQWKHPROGHGWKHWDEVLQWKHJULSZLWKWKHPDWFKLQJ
VORWVLQWKHKDQGOHWKHQ¿UPO\SXVKWKHPROGHGWDEVLQWRVORWVZRUNLQJ\RXU
ZD\DURXQGWKHJULSXQWLOWKHHGJHVRIWKHJULSDUHÀXVKZLWKWKHKDQGOH
3DJH
7KHPD[LPXPULJKWDQGOHIWWUDYHORIWKHVWHHULQJZKHHOFDQEHDGMXVWHGWRVXLWWKHEHVWIHHORIWKHVWHHULQJZKHHODQG\RXUGULYLQJ
VW\OH6RPHGULYHUVSUHIHUWROLPLWWKHWUDYHORIWKHVWHHULQJZKHHODVLWPDNHVWKHPIHHOPRUHFRQQHFWHGWRWKHLUPRGHO
67((5,1*:+((/75$9(/$'-8670(17
7RDGMXVWWKHPD[LPXPWUDYHORIWKHVWHHULQJZKHHOIROORZWKHVWHSVEHORZ
 5HPRYHWKHIRDPVWHHULQJZKHHOJULSIURPWKHVWHHULQJZKHHOE\¿UPO\SXOOLQJLWVWUDLJKWRII
 7ROLPLWWKHPD[LPXPWUDYHORIWKHVWHHULQJZKHHOXVHDPPKH[ZUHQFKWRWXUQERWKJUXE
VFUHZV$FORFNZLVHHTXDOO\WKHGHVLUHGDPRXQW7RPD[LPL]HWKHWUDYHORIWKHVWHHULQJZKHHO
WXUQERWKJUXEVFUHZVFRXQWHUFORFNZLVHHTXDOO\WKHGHVLUHGDPRXQW
$IWHUPDNLQJ VWHHULQJ ZKHHOWUDYHO DGMXVWPHQWV\RX PXVWXVH WKH95$GMXVWIXQFWLRQ WR
HQVXUH\RXUVWHHULQJVHUYRWUDYHOOLPLWVDUHHTXDO)RUPRUHLQIRUPDWLRQVHHSDJH;;
/LPLWLQJWKHPD[LPXPWUDYHORIWKHVWHHULQJZKHHOZLOOLQFUHDVHWKHVHQVLWLYLW\RIWKHVWHHULQJ
:HUHFRPPHQGVHWWLQJ QHJDWLYH([SRQHQWLDOWR VRIWHQWKHFRQWURO IHHODURXQGQHXWUDO)RU
PRUHLQIRUPDWLRQVHHSDJH;;
7RDGMXVWWKHVWHHULQJZKHHOVSULQJWHQVLRQIROORZWKHVWHSEHORZ
 7RLQFUHDVHWKHVSULQJ WHQVLRQRIWKH VWHHULQJZKHHO ¿UPHUXVHD PPKH[
ZUHQFK WR WXUQ WKH 6WHHULQJ :KHHO 7HQVLRQ $GMXVWPHQW 6FUHZ $ FORFNZLVH
7RGHFUHDVHWKHVSULQJWHQVLRQRIWKHVWHHULQJZKHHOORRVHUWXUQWKH6WHHULQJ
:KHHO7HQVLRQ$GMXVWPHQW6FUHZFRXQWHUFORFNZLVH
㼀
㼞㼙
㻝
㼀
㼞㼙
㻟
$
$'-8670(176$1'237,216
7KHVSULQJWHQVLRQRIWKHWKURWWOHWULJJHUDQGVWHHULQJZKHHOFDQEHDGMXVWHGWRVXLWWKHEHVWIHHORIWKHXVHU6RPHXVHUVPD\
SUHIHUWKHWKURWWOHWULJJHUDQGRUVWHHULQJZKHHOWRIHHO¿UPHUDQGVRPHXVHUVPD\SUHIHUWKHPWRIHHOVRIWHU,WDOOGHSHQGVRQ
\RXUSHUVRQDOSUHIHUHQFH
㼑㼞
㼀㼞㼙㻠
㼀㼞㼙㻟
㻿㼣㻞
$
7+5277/(75,**(5$1'67((5,1*:+((/635,1*7(16,21$'-8670(17
7RDGMXVWWKHWKURWWOHWULJJHUVSULQJWHQVLRQIROORZWKHVWHSEHORZ
 7R LQFUHDVHWKH VSULQJWHQVLRQ RIWKHWKURWWOH WULJJHU¿UPHU XVHD PPKH[
ZUHQFKWRWXUQWKH7KURWWOH7ULJJHU7HQVLRQ$GMXVWPHQW6FUHZ$FORFNZLVH7R
GHFUHDVHWKHVSULQJWHQVLRQRIWKHWKURWWOHWULJJHUORRVHUWXUQWKH7KURWWOH7ULJJHU
7HQVLRQ$GMXVWPHQW6FUHZFRXQWHUFORFNZLVH
$ZULVWVWUDSDQFKRULVLQFOXGHGWKDWFDQEHLQVWDOOHGRQWRWKHWUDQVPLWWHUWRIDFLOLWDWHWKHXVHRIDZULVWVWUDSQRWLQFOXGHG
:5,67675$3$1&+25
$
%
7RLQVWDOOWKHZULVWVWUDSDQFKRUIROORZWKHVWHSVEHORZ
 5HPRYH WKH VHOIWDSSLQJ VFUHZ $ IURP WKH WUDQVPLWWHU XVLQJ D   SKLOLSV
KHDGVFUHZGULYHU
 6OLGHWKHZULVWVWUDSDQFKRULQWRWKHPRXQWLQJVORWLQWKHEDFNRIWKHWUDQVPLWWHU
WKHQUHLQVWDOODQGWLJKWHQWKHVHOIWDSSLQJVFUHZ
:KHQLQVWDOOLQJWKHZULVWVWUDSDQFKRUQRWHLWVRULHQWDWLRQ7KH8VKDSHG
JURRYHLQWKHEDVHRIWKHZULVWVWUDSDQFKRUVKRXOGEHSRLQWLQJGRZQ
3DJH
/&'$1'352*5$00,1*.(<6
7KH07*+])+667WUDQVPLWWHUIHDWXUHVD3XVK%XWWRQ5RWDU\'LDODQGD%DFN&DQFHONH\WKDWDUHXVHGWRIDFLOLWDWH
WUDQVPLWWHUSURJUDPPLQJ7KLVVHFWLRQGHVFULEHVWKHPDLQDUHDVRIWKHGLIIHUHQW0XOWL)XQFWLRQ/&'VFUHHQVLQDGGLWLRQWR
VXPPDUL]LQJWKHIXQFWLRQVWKH3XVK%XWWRQ5RWDU\'LDODQGWKH%DFN&DQFHONH\
08/7,)81&7,21/&'29(59,(:
0RGHO1XPEHUDQG1DPH
7LPHU'LVSOD\
'LJLWDO9ROWDJH,QGLFDWRU
6WHHULQJ7ULP'LVSOD\
7KURWWOH7ULP'LVSOD\
6HUYR0RQLWRU'LVSOD\
8VHWKHGLDJUDPVLQWKLVVHFWLRQWRIDPLOLDUL]H\RXUVHOIZLWKWKHOD\RXWDQGGLIIHUHQWLQGLFDWRUVDQGGLVSOD\VWKDWFRPSULVHWKH7RS
0HQXDQGWKH7HOHPHWU\0HQX
7HOHPHWU\6LJQDO,QGLFDWRU
7KURWWOH0RGH,QGLFDWRU
7KURWWOH2IIVHW,QGLFDWRU
$X[LOLDU\/HYHU3RVLWLRQ'LVSOD\
7LPHU7\SH,QGLFDWRU
6WHHULQJ3URJUDP,QGLFDWRU
7KURWWOH3URJUDP,QGLFDWRU
0RGXODWLRQ7\SH,QGLFDWRU
7230(18
7KH7RS0HQXLVGLVSOD\HGZKHQ\RXWXUQWKHWUDQVPLWWHU217KH7RS0HQXGLVSOD\VDOOSHUWLQHQWLQIRUPDWLRQVXFKDVWKH0RGHO
1DPH0RGXODWLRQ7\SH7LPHU6HUYR0RQLWRUDQGPXFKPRUH
0RGHO1XPEHUDQG1DPH 'LJLWDO9ROWDJH,QGLFDWRU
5HFHLYHU9ROWDJH'LVSOD\
'LJLWDO7HPSHUDWXUH'LVSOD\
530'LVSOD\
7(/(0(75<0(18
7KH7HOHPHWU\0HQXGLVSOD\VDOOSHUWLQHQW7HOHPHWU\LQIRUPDWLRQVXFKDV5307HPSHUDWXUHDQG5HFHLYHU9ROWDJH7RGLVSOD\WKH
7HOHPHWU\0HQXIURPWKH7RS0HQXVFUROO'2:1XVLQJWKH3XVK%XWWRQ5RWDU\'LDO
'LJLWDO530'LVSOD\
+LJK530'LVSOD\
7HOHPHWU\6LJQDO,QGLFDWRU
+LJK7HPSHUDWXUH'LVSOD\
9ROWDJH$OHUW,QGLFDWRU
$X[LOLDU\/HYHU3RVLWLRQ'LVSOD\'LVSOD\VWKHFXUUHQWSRVLWLRQRIWKH$X[LOLDU\/HYHU
'LJLWDO530'LVSOD\'LVSOD\VWKHFXUUHQW530IURPWKH5307HOHPHWU\VHQVRULQGLJLWDOIRUPDW
'LJLWDO7HPSHUDWXUH'LVSOD\'LVSOD\VWKHFXUUHQWWHPSHUDWXUHIURPWKH7(03DQG7(037HOHPHWU\VHQVRUVLQGLJLWDOIRUPDW
7HPSHUDWXUHVDUHDOVRGLVSOD\HGLQEDUJUDSKIRUPDERYHWKHGLJLWDOGLVSOD\V
'LJLWDO9ROWDJH,QGLFDWRU,QGLFDWHVWKHFXUUHQW9ROWDJHRIWKHWUDQVPLWWHUEDWWHULHV
+LJK530'LVSOD\'LVSOD\VWKHODVWKLJKHVW530UHDGLQJ
+LJK7HPSHUDWXUH'LVSOD\'LVSOD\VWKHODVWKLJKHVW7HPSHUDWXUHUHDGLQJ
0RGXODWLRQ7\SH,QGLFDWRU,QGLFDWHVWKHFXUUHQW0RGXODWLRQ7\SHWKDWWKHWUDQVPLWWHULVVHWWR
0RGHO1XPEHUDQG1DPH'LVSOD\VWKH0RGHO1XPEHUDQG0RGHO1DPHRIWKHFXUUHQWO\VHOHFWHGPRGHO
3DJH
/&'$1'352*5$00,1*.(<6
6FUROOVWKHFXUVRU5LJKWRU8S,QDGGLWLRQLQFUHDVHV
SURJUDPPLQJYDOXHV
6FUROOVWKHFXUVRU/HIWRU'RZQ,QDGGLWLRQGHFUHDVHV
SURJUDPPLQJYDOXHV
352*5$00,1*.(< 1$0( )81&7,21
3XVK%XWWRQ5RWDU\
'LDO3XVK(17(5
2SHQV WKH VHOHFWHG PHQX RU SURJUDPPLQJ RSWLRQ
3UHVVDQG+2/' WRUHVHWWKHVHOHFWHGSURJUDPPLQJ
RSWLRQWRLWVGHIDXOWYDOXH
%DFN&DQFHO.H\ 5HWXUQVWRWKHSUHYLRXVPHQX3UHVVDQG+2/'WRUHWXUQ
WRWKH7RS0HQX
3XVK%XWWRQ 5RWDU\
'LDO6FUROO83
3XVK%XWWRQ5RWDU\
'LDO6FUROO'2:1
㻮㼍㼏㼗㻛㻯㼍㼚㼏㼑㼘
㻸㻱㻰㻝㻛㻞
352*5$00,1*.(<29(59,(:$1')81&7,216
0RYLQJDURXQGWKHGLIIHUHQW0XOWL)XQFWLRQ/&'VFUHHQVDQGSURJUDPPLQJWKHWUDQVPLWWHULVDFFRPSOLVKHGXVLQJWKH3XVK%XWWRQ
5RWDU\'LDODQGWKH%DFN&DQFHONH\
5HFHLYHU9ROWDJH,QGLFDWRU,QGLFDWHVWKHFXUUHQWYROWDJHRIWKHUHFHLYHUEDWWHU\
530'LVSOD\'LVSOD\VWKHFXUUHQW530IURPWKH5307HOHPHWU\VHQVRULQJUDSKLFDOIRUPDW
6HUYR0RQLWRU'LVSOD\'LVSOD\VWKHRXWSXWOHYHOVRIWKHIRXUGLIIHUHQWFKDQQHOVLQEDUJUDSKIRUPDOORZLQJ\RXWRPRQLWRUVHUYR
RSHUDWLRQLQDYLUWXDOPDQQHU
6WHHULQJ3URJUDP,QGLFDWRU,QGLFDWHVXSWRIRXUGLIIHUHQWSURJUDPPLQJRSWLRQVWKDWDUHFXUUHQWO\SURJUDPPHGWRWKH6WHHULQJ
FKDQQHO7KH6WHHULQJ3URJUDP,QGLFDWRUZLOORQO\EHGLVSOD\HGLID6WHHULQJFKDQQHOSURJUDPPLQJYDOXHLVSURJUDPPHG
6WHHULQJ7ULP'LVSOD\'LVSOD\VWKHFXUUHQWSRVLWLRQRIWKH6WHHULQJ7ULP6ZLWFK
7HOHPHWU\6LJQDO,QGLFDWRU,QGLFDWHVWKHFXUUHQWVLJQDOVWUHQJWKRIWKH7HOHPHWU\FRQQHFWLRQEHWZHHQWKHWUDQVPLWWHUDQG
UHFHLYHU7KH7HOHPHWU\6LJQDO,QGLFDWRUZLOORQO\EHGLVSOD\HGZKHQWKHUHFHLYHULVWXUQHG21DQGWKHUHLVD7HOHPHWU\
FRQQHFWLRQDFWLYH
7KURWWOH0RGH,QGLFDWRU,QGLFDWHVWKHFXUUHQW7KURWWOH0RGHW\SH
7KURWWOH2IIVHW,QGLFDWRU,QGLFDWHVWKDWWKH7KURWWOH2IIVHWIXQFWLRQLVSURJUDPPHG7KH7KURWWOH2IIVHW,QGLFDWRUZLOORQO\EH
GLVSOD\HGLID7KURWWOH2IIVHWSHUFHQWDJHYDOXHLVSURJUDPPHG
7KURWWOH3URJUDP,QGLFDWRU,QGLFDWHVXSWRIRXUGLIIHUHQWSURJUDPPLQJRSWLRQVWKDWDUHFXUUHQWO\SURJUDPPHGWRWKH7KURWWOH
FKDQQHO7KH7KURWWOH3URJUDP,QGLFDWRUZLOORQO\EHGLVSOD\HGLID7KURWWOHFKDQQHOSURJUDPPLQJYDOXHLVSURJUDPPHG
7KURWWOH7ULP'LVSOD\'LVSOD\VWKHFXUUHQWSRVLWLRQRIWKH7KURWWOH7ULP6ZLWFK
7LPHU'LVSOD\'LVSOD\VWKHWLPHRIWKHFXUUHQWO\VHOHFWHG7LPHU
7LPHU7\SH,QGLFDWRU,QGLFDWHVWKHFXUUHQW7LPHU7\SHVHOHFWHGHLWKHU/$3RU,17,QWHUYDO
9RODWDJH$OHUW,QGLFDWRU,QGLFDWHVWKHFXUUHQWO\SURJUDPPHGYROWDJHWKDWWKHUHFHLYHUEDWWHU\YROWDJHPXVWGURSWRWRVRXQG
WKH/RZ9ROWDJH$ODUP
08/7,)81&7,21/&'29(59,(:&217,18('
㻮㼍㼏㼗㻛㻯㼍㼚㼏㼑㼘
㻸㻱㻰㻝㻛㻞
㻮㼍㼏㼗㻛㻯㼍㼚㼏㼑㼘
㻸㻱㻰㻝㻛㻞
3UHVV
㻮㼍㼏㼗㻛㻯㼍㼚㼏㼑㼘
㻸㻱㻰㻝㻛㻞
3DJH
75$160,77(5$1'5(&(,9(5%,1',1*
7KH%LQGLQJIXQFWLRQDOORZV\RXWR%LQGWKHWUDQVPLWWHUDQGUHFHLYHUSDLU:KHQQHZLWLVQHFHVVDU\WRSDLUWKHWUDQVPLWWHUDQG
UHFHLYHUWRSUHYHQWLQWHUIHUHQFHIURPWUDQVPLWWHUVRSHUDWHGE\RWKHUXVHUV7KLVRSHUDWLRQLVUHIHUUHGWRDV%LQGLQJ2QFHWKH
%LQGLQJSURFHVVLVFRPSOHWHWKHVHWWLQJLVUHPHPEHUHGHYHQZKHQWKHWUDQVPLWWHUDQGUHFHLYHUDUHWXUQHG2))7KHUHIRUHWKLV
SURFHGXUHXVXDOO\RQO\QHHGVWREHGRQHRQFH
8QGHUVRPHFLUFXPVWDQFHVWKHUHFHLYHUPD\QRWRSHUDWHDIWHUWXUQLQJWKHWUDQVPLWWHUDQGUHFHLYHU21,IWKLVRFFXUV
SHUIRUPWKH%LQGLQJSURFHVVDJDLQ
%HIRUHEHJLQQLQJWKH%LQGLQJSURFHVVFRQQHFW\RXUVHUYRVDQGUHFHLYHUEDWWHU\SDFNWRWKHUHFHLYHUXVLQJWKHGLDJUDPRQ
SDJH;;0DNHVXUHWKDWERWKWKHWUDQVPLWWHUDQGWKHUHFHLYHUDUHWXUQHG2))
 :KLOHKROGLQJGRZQWKH%LQG%XWWRQRQWKHUHFHLYHUWXUQWKHUHFHLYHU
217KH%LQG/('RQWKHUHFHLYHUZLOOÀDVKVORZO\$IWHUDSSUR[LPDWHO\
VHFRQGVUHOHDVHWKH%LQG%XWWRQ7KH%LQG/('RQWKHUHFHLYHU
ZLOOFRQWLQXHWRÀDVKVORZO\
8VHWKHWLSRIDQRQFRQGXFWLYHLQVWUXPHQWWRSUHVVWKH%LQG%XWWRQRQWKHUHFHLYHU'R127XVHDVKDUSREMHFW
7UDQVPLWWHUDQG5HFHLYHU%LQGLQJ
 7XUQ WKH WUDQVPLWWHU 21 7KH 7RS 0HQX ZLOO EH GLVSOD\HG 3UHVV WKH (17(5 NH\
3XVK%XWWRQ 5RWDU\ 'LDO WR RSHQ WKH 3URJDPPLQJ 0HQX OLVW WKHQ VFUROO 83 RU
'2:1WRKLJKOLJKWWKH6<67(0PHQX3UHVVWKH(17(5NH\WRRSHQWKH6<67(0
PHQXWKHQVFUROO'2:1WRKLJKOLJKWWKH%,1'PHQX3UHVVWKH(17(5NH\WRRSHQ
WKH%,1'PHQX
:KHQWKH%LQGLQJSURFHGXUHLVVXFFHVVIXOWKH%LQG/('RQWKHUHFHLYHUDQG/('RQWKHWUDQVPLWWHUZLOOLOOXPLQDWHVROLG
EOXH,IWKH%LQG/('RQWKHUHFHLYHULVÀDVKLQJUDSLGO\RULVQRWLOOXPLQDWHGDWDOOWKHWUDQVPLWWHUDQGUHFHLYHUDUHQRWSDLUHG
,QWKLVFDVHWXUQERWKWKHWUDQVPLWWHUDQGUHFHLYHU2))WKHQUHSHDWWKH%LQGLQJSURFHGXUHDJDLQ
 3UHVVWKH(17(5NH\7KH>(17(5@FRPPDQGZLOOEHJLQWRÀDVKDQGWKH%LQG/('
RQWKHUHFHLYHUZLOOÀDVKUDSLGO\WKHQJRRXW
 $IWHUWKH%LQG/('RQWKHUHFHLYHUJRHVRXWSUHVVWKH(17(5NH\DVHFRQGWLPH7KH%LQG/('RQWKHUHFHLYHUZLOOLOOXPLQDWH
VROLGEOXHDQG/('RQWKHWUDQVPLWWHUZLOOJRRXWLQGLFDWLQJWKDWWKH%LQGLQJSURFHGXUHLVFRPSOHWHDQGD7HOHPHWU\
FRQQHFWLRQKDVEHHQPDGH
9HULI\WKDW>5)02'(@)+7LVGLVSOD\HG,I LWLVQW FKDQJHWKH 0RGXODWLRQ7\SHWR)+7)RUPRUHLQIRUPDWLRQVHHWKH
&KDQJLQJWKH0RGXODWLRQ7\SHVHFWLRQRQSDJH;;
 6FUROO83RU'2:1WRKLJKWOLJKWWKH>(17(5@FRPPDQG
,03257$177KLVVHFWLRQGHWDLOV%LQGLQJWKH5;&KDQQHO*+])+6677HOHPHWU\UHFHLYHUZLWK'LJLWDO
RU$QDORJVHUYRVVHWWR1RUPDOPRGH,I\RXDUHELQGLQJD'6)+66RU)+66UHFHLYHUWRWKHWUDQVPLWWHURULI\RXSUHIHUWR
FKDQJHWKH6HUYR2SHUDWLQJ0RGHVHHWKH%LQGLQJWKH7UDQVPLWWHUDQG5HFHLYHUVHFWLRQRQSDJHV;;;;
 0RYHWKHVWHHULQJZKHHODQGWKURWWOHWULJJHUWRYHULI\WKDWWKHVHUYRVDUHRSHUDWLQJQRUPDOO\WKHQSUHVVDQG+2/'WKH
%DFN&DQFHONH\WRUHWXUQWRWKH7RS0HQX
3DJH
>>352*5$00,1*0(186
&+6(7&+$11(/6(7
7KH&KDQQHO6HWIXQFWLRQDOORZV\RXWRPDNHSURJUDPPLQJFKDQJHVWRHDFKRIWKHIRXUFKDQQHOVZLWKRXWWKHQHHGWRHQWHUHDFK
3URJUDPPLQJ0HQXVHSDUDWHO\(VVHQWLDOO\WKH&KDQQHO6HWIXQFWLRQHQFRPSDVVHVWKHPRVWFRPPRQSURJUDPPLQJRSWLRQVLQ
RQHFRQYHQLHQWORFDWLRQ)RUH[DPSOH\RXFDQPDNHDOORI\RXUGHVLUHGSURJUDPPLQJFKDQJHVVXFKDV(QG3RLQW$GMXVWPHQWV
([SRQHQWLDO6HUYR6SHHG)DLO6DIHVHWWLQJVHWFIRUHDFKFKDQQHODOOIURPZLWKLQWKHVDPHPHQX
7RDFFHVVWKHYDULRXV3URJUDPPLQJ0HQXVWXUQWKHWUDQVPLWWHU21WKHQSUHVVWKH(17(5NH\3XVK%XWWRQ5RWDU\'LDO$OLVW
RI3URJUDPPLQJ0HQXVZLOOEHGLVSOD\HGDORQJWKHULJKWVLGHRIWKHVFUHHQDQGWKHODVW3URJUDPPLQJ0HQXZKHQWKHWUDQVPLWWHU
ZDVWXUQHG2))ZLOOEHKLJKOLJKWHG7KHFXUUHQWO\KLJKOLJKWHG3URJUDPPLQJ0HQXZLOOEHGLVSOD\HGLQWKHEDFNJURXQG
7KHIROORZLQJ3URJUDPPLQJ0HQXVDUHDYDLODEOHE\VFUROOLQJ83RU'2:1XVLQJWKH3XVK%XWWRQ5RWDU\'LDO
29(59,(:
&+6(7
'5
(3$
&859(
63(('
$/%
2))6(7
$8;
$8;
75,0
5(9
7,0(5
/$3
)6
/2**(5
6<67(0
&KDQQHO6HW
'XDO5DWH
(QG3RLQW$GMXVWPHQWV
&XUYH
6HUYR6SHHG
$QWL/RFN%UDNLQJ
7KURWWOH2IIVHW
$X[LOLDU\&KDQQHO
$X[LOLDU\&KDQQHO
6HUYR7ULP
6HUYR5HYHUVLQJ
/DSDQG,QWHUYDO7LPHUV
/DS7LPHV
)DLO6DIH
7HOHPHWU\/RJJLQJ
6\VWHP0HQX
&KDQJH&RPPRQ3URJUDPPLQJ2SWLRQVLQ2QH&RQYLHQW/RFDWLRQ
$GMXVW&KDQQHO'XDO5DWHV
$GMXVW&KDQQHO(QG3RLQWV
$GMXVW&KDQQHO$5&RU([SRQHQWLDO
&KDQJHWKH6HUYR6SHHGLQWKH)RUZDUGDQG5HWXUQWR1HXWUDO'LUHFWLRQV
3URJUDPWKH$QWL/RFN%UDNLQJ)XQFWLRQ
3URJUDPWKH7KURWWOH2IIVHW3RVLWLRQ
&KRRVHDQG$GMXVW$X[LOLDU\&KDQQHO)XQFWLRQVDQG3URJUDPPLQJ
&KRRVHDQG$GMXVW$X[LOLDU\&KDQQHO)XQFWLRQVDQG3URJUDPPLQJ
$GMXVW6HUYR7ULPDQG6HUYR6XE7ULP
&KDQJHWKH'LUHFWLRQWKDWWKH6HUYRV7UDYHO
3URJUDPWKH/DS7LPHUDQGWKH,QWHUYDO7LPHU
'LVSOD\V&XUUHQW3DVWDQG%HVW/DS7LPHV
3URJUDP)DLO6DIH6HWWLQJV
9LHZ/RJVRI7HPSHUDWXUH9ROWDJHDQG5307HOHPHWU\'DWD
$FFHVVWKH6\VWHP0HQX
0(18 0(181$0( 0(18'(6&5,37,21
352*5$00,1*0(186
 )URPWKH7RS0HQXSUHVVWKH(17(5NH\WRRSHQWKH3URJUDPPLQJ0HQXOLVW
 6FUROO83RU'2:1WRKLJKOLJKWWKH&+6(7PHQXWKHQSUHVVWKH(17(5NH\7KH
&+6(7PHQXZLOOEHGLVSOD\HGDQGWKHFXUVRUZLOOGHIDXOWWR>67@
7KLVVHFWLRQGHWDLOVKRZWRXVHWKH&KDQQHO6HWIXQFWLRQ)RULQIRUPDWLRQDERXWSURJUDPPLQJHDFKRIWKH3URJUDPPLQJ
0HQXVZLWKLQWKH&+6(7PHQXUHIHUWRWKHVSHFL¿F3URJUDPPLQJ0HQXVHFWLRQVRQWKHSDJHVVKRZQLQWKHWDEOHDERYH
3$*(
3*;;
3*;;
3*;;
3*;;
3*;;
3*;;
3*;;
3*;;
3*;;
3*;;
3*;;
3*;;
3*;;
3*;;
3*;;
3*;;
 6FUROO'2:1WRPRYHWKHFXUVRUWRWKHFKDQQHO\RXZRXOGOLNHWRPDNHSURJUDPPLQJ
YDOXHFKDQJHVWR&KRRVHIURP&+6(7!>67@&+6(7!>7+@&+6(7!>$@RU
&+6(7!>$@
3DJH
&+6(7&+$11(/6(7&217,18('
 $IWHUFKDQJLQJWKHGHVLUHGSURJUDPPLQJYDOXHSUHVVWKH(17(5NH\RUWKH%DFN&DQFHONH\DQGWKHKLJKOLJKWHGRSWLRQZLOO
VWRSÀDVKLQJLQGLFDWLQJ\RXFDQVFUROO83RU'RZQWRKLJKOLJKWDQRWKHUSURJUDPPLQJRSWLRQ7RFKDQJHWRDQRWKHUFKDQQHO
SUHVVWKH%DFN&DQFHONH\WKHQVFUROO83RU'2:1WRVHOHFWWKHGHVLUHGFKDQQHO5HSHDWVWHSVDQGDERYHWRFKDQJH
WKHGHVLUHGSURJUDPPLQJYDOXHVIRUWKDWFKDQQHO
 :KHQFRPSOHWHSUHVVDQG+2/'WKH%DFN&DQFHONH\WRUHWXUQWRWKH7RS0HQX
 3UHVVWKH(17(5NH\WRKLJKOLJKWWKHSURJUDPPLQJYDOXHLQWKHXSSHUULJKWFRUQHU
 6FUROO 83 RU '2:1 WR KLJKOLJKW WKH SURJUDPPLQJ YDOXH \RX ZRXOG OLNH WR FKDQJH
WKHQSUHVVWKH(17(5NH\WRVHOHFWLW7KHKLJKOLJKWHGSURJUDPPLQJYDOXHZLOOÀDVK
LQGLFDWLQJ\RXFDQFKDQJHWKHSURJUDPPLQJYDOXH6FUROO83RU'2:1WRFKDQJHWKH
SURJUDPPLQJYDOXH
'55$7(
(3$/5
(3$/()7
(3$5,*+7
&859(5$7(
&859(32,17
63((')25:$5'
63(('5(7851
75,0
68%7
5(9
)6
'57+
'5%5
(3$+,*+
(3$/2:
&859(5$7(+
&859(32,17+
&859(5$7(%
&859(5$7(+
63((')25:$5'
63(('5(7851
$/%32,17
$/%6752.(
$/%/$*
$/%5(/($6(
$/%+2/'
75,0
68%7
5(9
)6
(3$+,*+
(3$/2:
&859(5$7(+
&859(32,17+
&859(5$7(/
&859(32,17/
63((')25:$5'
63(('5(7851
75,0
68%7
5(9
)6
(3$+,*+
(3$/2:
&859(5$7(+
&859(32,17+
&859(5$7(/
&859(32,17/
63((')25:$5'
63(('5(7851
75,0
68%7
5(9
)6
>67@67((5,1* >7+@7+5277/( >$@$8;,/,$5< >$@$8;,/,$5<
7KHIROORZLQJ3URJUDPPLQJ0HQXVDUHDYDLODEOHIURPZLWKLQWKH&KDQQHO6HWPHQX
'5'8$/5$7(
'XDO5DWHLVDSHUFHQWDJHRI(QG3RLQW$GMXVWPHQW)RUH[DPSOHLI\RXVHWWKH6WHHULQJ'XDO5DWHSHUFHQWDJHYDOXHWR
WKHVWHHULQJZLOOWUDYHOWKHVDPHDPRXQWDVGH¿QHGE\\RXU(QG3RLQW$GMXVWPHQWSURJUDPPLQJDQGLI\RXVHWWKH
6WHHULQJ'XDO5DWHSHUFHQWDJHYDOXHWRWKHVWHHULQJZLOOWUDYHOKDOIWKDWDPRXQW
7KH'XDO5DWHIXQFWLRQDOORZV\RXWRFKDQJHWKHFRQWURODXWKRULW\RIWKH6WHHULQJ7KURWWOH+LJK6LGHDQG7KURWWOH%UDNH6LGHE\
FKDQJLQJWKHDPRXQWRIVHUYRWUDYHOUHODWLYHWRFRQWUROLQSXW)RUH[DPSOHE\LQFUHDVLQJWKH6WHHULQJ'XDO5DWH\RXFDQPDNH
WKHVWHHULQJVHUYRWUDYHOPRUHZKLFKPLJKWSUHYHQW\RXUPRGHOIURPSXVKLQJGXULQJWXUQV,I\RXUPRGHORYHUVWHHUVGXULQJWXUQV
\RXFDQUHGXFHWKHDPRXQWRI6WHHULQJ'XDO5DWH
>>352*5$00,1*0(186
,03257$173ULRUWRSURJUDPPLQJWKH'XDO5DWHIXQFWLRQ\RXVKRXOGDGMXVWWKHPD[LPXPOHIWDQGULJKWRU+LJKDQG/RZ
(QG3RLQWVXVLQJWKH(QG3RLQW$GMXVWPHQWIXQFWLRQ)RUPRUHLQIRUPDWLRQVHHSDJH;;
3DJH
'567VHWWLQJUDQJHLVWR7KHGHIDXOWVHWWLQJLV
 3UHVVWKH(17(5NH\WKHQVFUROO83RU'2:1WRLQFUHDVHRUGHFUHDVHWKH6WHHULQJ
'XDO5DWHSHUFHQWDJHYDOXH:KHQWKH6WHHULQJ'XDO5DWHSHUFHQWDJHYDOXHLVGHFUHDVHG
VWHHULQJVHUYRWUDYHOLVGHFUHDVHG:KHQWKH6WHHULQJ'XDO5DWHSHUFHQWDJHYDOXHLV
LQFUHDVHGVWHHULQJVHUYRWUDYHOLVLQFUHDVHG
'5'8$/5$7(&217,18('
$GMXVWLQJ6WHHULQJ'XDO5DWH
 )URPWKH7RS0HQXSUHVVWKH(17(5NH\WRRSHQWKH3URJUDPPLQJ0HQXOLVW
 6FUROO83RU'2:1WRKLJKOLJKWWKH'5PHQXWKHQSUHVVWKH(17(5NH\7KH'5
PHQXZLOOEHGLVSOD\HGDQG>67@5$7(ZLOOEHKLJKWOLJKWHG
>>352*5$00,1*0(186

Navigation menu