ZTE R8860C196CF Compact Base Station User Manual Use manual

ZTE Corporation Compact Base Station Use manual

Users Manual

=;6'5 5&'0$ 5HPRWH 5DGLR 8QLW,QVWDOODWLRQ 0DQXDO=7( &25325$7,21=7( 3OD]D .HML 5RDG 6RXWK+L7HFK ,QGXVWULDO 3DUN1DQVKDQ 'LVWULFW 6KHQ]KHQ3 5 &KLQD7HO   )D[   85/ KWWSHQVXSSRUW]WHFRPFQ(PDLO VXSSRUW#]WHFRPFQ

$/(*$/ ,1)250$7,21&RS\ULJKW   =7( &25325$7,217KH FRQWHQWV RI WKLV GRFXPHQW DUH SURWHFWHG E\ FRS\ULJKW ODZV DQG LQWHUQDWLRQDO WUHDWLHV $Q\ UHSURGXFWLRQ RU GLVWULEXWLRQ RIWKLV GRFXPHQW RU DQ\ SRUWLRQ RI WKLV GRFXPHQW LQ DQ\ IRUP E\ DQ\ PHDQV ZLWKRXW WKH SULRU ZULWWHQ FRQVHQW RI =7( &25325$7,21 LV SURKLELWHG $GGLWLRQDOO\ WKH FRQWHQWV RI WKLV GRFXPHQW DUH SURWHFWHG E\ FRQWUDFWXDO FRQ¿GHQWLDOLW\ REOLJDWLRQV$OO FRPSDQ\ EUDQG DQG SURGXFW QDPHV DUH WUDGH RU VHUYLFH PDUNV RU UHJLVWHUHG WUDGH RU VHUYLFH PDUNV RI =7( &25325$7,21RU RI WKHLU UHVSHFWLYH RZQHUV7KLV GRFXPHQW LV SURYLGHG ³DV LV´ DQG DOO H[SUHVV LPSOLHG RU VWDWXWRU\ ZDUUDQWLHV UHSUHVHQWDWLRQV RU FRQGLWLRQV DUH GLVFODLPHG LQFOXGLQJ ZLWKRXW OLPLWDWLRQ DQ\ LPSOLHG ZDUUDQW\ RI PHUFKDQWDELOLW\ ¿WQHVV IRU D SDUWLFXODU SXUSRVH WLWOH RU QRQLQIULQJHPHQW =7( &25325$7,21 DQG LWV OLFHQVRUV VKDOO QRW EH OLDEOH IRU GDPDJHV UHVXOWLQJ IURP WKH XVH RI RU UHOLDQFH RQ WKHLQIRUPDWLRQ FRQWDLQHG KHUHLQ=7( &25325$7,21 RU LWV OLFHQVRUV PD\ KDYH FXUUHQW RU SHQGLQJ LQWHOOHFWXDO SURSHUW\ ULJKWV RU DSSOLFDWLRQV FRYHULQJ WKH VXEMHFWPDWWHU RI WKLV GRFXPHQW ([FHSW DV H[SUHVVO\ SURYLGHG LQ DQ\ ZULWWHQ OLFHQVH EHWZHHQ =7( &25325$7,21 DQG LWV OLFHQVHHWKH XVHU RI WKLV GRFXPHQW VKDOO QRW DFTXLUH DQ\ OLFHQVH WR WKH VXEMHFW PDWWHU KHUHLQ=7( &25325$7,21 UHVHUYHV WKH ULJKW WR XSJUDGH RU PDNH WHFKQLFDO FKDQJH WR WKLV SURGXFW ZLWKRXW IXUWKHU QRWLFH8VHUV PD\ YLVLW =7( WHFKQLFDO VXSSRUW ZHEVLWH KWWSHQVXSSRUW]WHFRPFQ WR LQTXLUH UHODWHG LQIRUPDWLRQ7KH XOWLPDWH ULJKW WR LQWHUSUHW WKLV SURGXFW UHVLGHV LQ =7( &25325$7,215HYLVLRQ +LVWRU\5HYLVLRQ 1R 5HYLVLRQ 'DWH 5HYLVLRQ 5HDVRQ5  )LUVW (GLWLRQ6HULDO 1XPEHU VM]O$

$&RQWHQWV3UHIDFHL6DIWH\ 'HVFULSWLRQ 6DIHW\ 6SHFL¿FDWLRQV *XLGH  6DIHW\ 6\PEROV  6DIHW\ ,QVWUXFWLRQV  ,QVWDOODWLRQ 2YHUYLHZ&RPSRQHQWV WR EH ,QVWDOOHG  ,QVWDOODWLRQ )ORZ  ,QVWDOODWLRQ 3UHSDUDWLRQ  (QJLQHHULQJ &RQGLWLRQ ,QVSHFWLRQ  7RROV DQG ,QVWUXPHQWV 3UHSDUDWLRQ  2QVLWH 'RFXPHQWV 8QSDFNLQJ $FFHSWDQFH&RXQWLQJ *RRGV &UDWH 8QSDFNLQJ &DUWRQ 8QSDFNLQJ $FFHSWDQFH DQG *RRGV +DQGRYHU&DELQHW ,QVWDOODWLRQ(QJLQHHULQJ ,QGLFHV ,QVWDOODWLRQ 0RGH ,QVWUXFWLRQ3ROHPRXQWHG ,QVWDOODWLRQ 0RGH&RPSRQHQWV 8VHG LQ 3ROHPRXQW ,QVWDOODWLRQ,QVWDOOLQJ 7ZR =;6'5 5 3ROHPRXQW &DELQHWV:LWKRXW :DYH 7UDS ,QVWDOOLQJ 7ZR =;6'5 5 3ROHPRXQW &DELQHWV:LWK :DYH 7UDS,QVWDOOLQJ 7KUHH =;6'5 5 &DELQHWV RQ 3ROH:LWKRXW :DYH 7UDS ,QVWDOOLQJ 7KUHH =;6'5 5 &DELQHW RQ 3ROH :LWK:DYH 7UDS :DOOPRXQWHG ,QVWDOODWLRQ 0RGH$

$&RPSRQHQWV 8VHG LQ :DOO0RXQW ,QVWDOODWLRQ ,QVWDOOLQJ &DELQHW RQ :DOO :DOO0RXQW )ORRU *DQWU\PRXQWHG ,QVWDOODWLRQ 0RGH &RPSRQHQWV 8VHG LQ JDQWU\PRXQW ,QVWDOODWLRQ,QVWDOOLQJ &DELQHW RQ *DQWU\ :LWKRXW :DYH 7UDS ,QVWDOOLQJ &DELQHW RQ *DQWU\ :LWK :DYH 7UDS6LPSOL¿HG &DELQHW ,QWHJUDWHG ,QVWDOODWLRQ 0RGH &RPSRQHQWV 8VHG LQ ,QWHJUDWHG ,QVWDOODWLRQ ,QVWDOOLQJ ,QWHJUDWHG &DELQHW,QVWDOOLQJ 6XQ VKLHOG ([WHUQDO &DEOH ,QVWDOODWLRQ ([WHUQDO &DEOH /D\RXW ([WHUQDO &DEOH ,QVWDOODWLRQ )ORZ ,QVWDOOLQJ 3RZHU &DEOH,QVWDOOLQJ *URXQGLQJ &DEOH,QVWDOOLQJ )LEHU EHWZHHQ %%8 DQG 558,QVWDOOLQJ )LEHU EHWZHHQ 558 DQG 558,QVWDOOLQJ (QYLURQPHQW 0RQLWRULQJ &DEOH ,QVWDOOLQJ $,6* &RQWURO &DEOH ,QVWDOOLQJ )UHTXHQF\ 3RLQW ([WHQVLRQ &DEOH,QVWDOOLQJ -XPSHU0DLQ $QWHQQD )HHGHU 6\VWHP ,QVWDOODWLRQ0DLQ $QWHQQD )HHGHU 6\VWHP 6WUXFWXUH 0DLQ $QWHQQD )HHGHU 6\VWHP ,QVWDOODWLRQ 3UHSDUDWLRQ 0DLQ $QWHQQD )HHGHU 6\VWHP ,QVWDOODWLRQ )ORZ $QWHQQD ,QVWDOODWLRQ$QWHQQD ,QVWDOODWLRQ 7HFKQLFDO 6SHFL¿FDWLRQV $QWHQQD ,QVWDOODWLRQ 3RVLWLRQ ,QVWDOOLQJ 'LUHFWLRQDO $QWHQQD ,QVWDOOLQJ 2PQL $QWHQQD &RQQHFWLQJ -XPSHU DQG $QWHQQD )HHGHU ,QVWDOODWLRQ )HHGHU &XWWLQJ 3ULQFLSOH ,QVWDOOLQJ )HHGHU RQ 7RS RI %XLOGLQJ ,QVWDOOLQJ )HHGHU RQ 7RZHU  )HHGHU /D\RXW 3ULQFLSOHV  )L[LQJ 0DLQ )HHGHU )HHGHU *URXQGLQJ 3ULQFLSOH  ,QVWDOOLQJ )HHGHU *URXQGLQJ &OLSV &RQQHFWLQJ -XPSHU DQG )HHGHU $

$,QVWDOOLQJ )HHGHU +HUPHWLFZLQGRZ  )HHGHU ,QGRRU ,QJRLQJ )HHGHU ,QGRRU $UUDQJHPHQW 3ULQFLSOH /HDGLQJ 0DLQ )HHGHU LQWR 5RRP  ,QVWDOOLQJ 7RSHTXLSPHQW -XPSHU  3HUIRUPLQJ $QWHQQD )HHGHU 6\VWHP 7HVW  3HUIRUPLQJ 2XWGRRU&RQQHFWRU :DWHUSURRI3URFHVVLQJ  3HUIRUPLQJ )HHGHU +HUPHWLFZLQGRZ :DWHUSURRI3URFHVVLQJ  &DELQHW -XPSHU ,QVWDOODWLRQ 'HVFULSWLRQ  96:5 7HVW +DUGZDUH ,QVWDOODWLRQ ,QVSHFWLRQ &KHFNLQJ &DELQHW ,QVWDOODWLRQ  &KHFNLQJ &DEOH ,QVWDOODWLRQ  &DEOHV ,QVWDOODWLRQ *HQHUDO 6SHFL¿FDWLRQ  3RZHU DQG *URXQGLQJ &DEOHV ,QVWDOODWLRQ &KHFN  2SWLFDO )LEHU ,QVWDOODWLRQ &KHFN  &KHFNLQJ 0DLQ $QWHQQD 6\VWHP ,QVWDOODWLRQ  3RZHU RQ DQG RII 3RZHU RQ 3UHSDUDWLRQ  3RZHU 21  3RZHU 2))  &DELQHWFRPELQHG ,QVWDOODWLRQ  &RPSRQHQWV 8VHG LQ &DELQHWFRPELQLQJ ,QVWDOODWLRQ  3HUIRUPLQJ &DELQHWFRPELQDWLRQ  &DVFDGLQJ &DELQHW ,QVWDOODWLRQ &RPSRQHQWV 8VHG LQ &DVFDGLQJ ,QVWDOODWLRQ 3HUIRUPLQJ &DELQHW &DVFDGLQJ  2$8 2$8 7HFKQLFDO ,QGLFHV  2$8 $SSHDUDQFH DQG ,QWHUIDFH ,QVWDOOLQJ 2$8 LQ 3ROHPRXQW 0RGH  ,QVWDOODWLRQ 2$8 LQ :DOOPRXQW 0RGH  ,QVWDOOLQJ 2$8 &DEOH  2/3 2/3 7HFKQLFDO ,QGLFHV  2/3 $SSHDUDQFH DQG ,QWHUIDFH  2/3 ,QVWDOODWLRQ 'HVFULSWLRQ $

$,/3 ,/3 7HFKQLFDO ,QGLFHV  ,/3 $SSHDUDQFH DQG ,QWHUIDFH  ,/3 ,QVWDOODWLRQ 'HVFULSWLRQ $& /LJKWQLQJ $UUHVWHU  $& /LJKWQLQJ 7HFKQLFDO ,QGLFHV $& /LJKWQLQJ $SSHDUDQFH DQG ,QWHUIDFH  $& /LJKWQLQJ ,QVWDOODWLRQ 'HVFULSWLRQ  ,QVWDOOLQJ 6KLHOGHG *URXQGLQJ .LW  3'0 3'0 $SSHDUDQFH DQG ,QWHUIDFH ,QVWDOOLQJ 3'0 )LJXUHV 7DEOHV /LVW RI *ORVVDU\$

$3UHIDFH3XUSRVH =;6'5 5 LV DQ RXWGRRU UHPRWH 5) XQLW &RPSRVLQJ DQ LQWHJUDWHG %76 =;6'5 5 DQG %%8 LPSOHPHQW ZLUHOHVV WUDQVPLVVLRQ ZLWKLQ FRYHUDJH DUHDV FRQWURO RI ZLUHOHVV FKDQQHO DV ZHOO DVFRPPXQLFDWLRQ ZLWK %6&7KLV PDQXDO SURYLGHV EDVLF LQVWDOODWLRQ JXLGH IRU HQJLQHHULQJ SHUVRQQHO ZKR SHUIRUP =;6'5 5 KDUGZDUH LQVWDOODWLRQ $W WKHVDPH WLPH LW VHUYHV IRU WKH UHIHUHQFH PDWHULDO IRU WKH SHUVRQQHOUHVSRQVLEOH IRU RSHUDWLRQ DQG PDLQWHQDQFH,QWHQGHG$XGLHQFH7KLV GRFXPHQW LV LQWHQGHG IRU HQJLQHHUV DQG WHFKQLFLDQV ZKR SHUIRUP LQVWDOODWLRQ DFWLYLWLHV RQ =;6'5 5 & UHPRWH UDGLRXQLW3UHUHTXLVLWH 6NLOODQG .QRZOHGJH7R XVH WKLV GRFXPHQW HIIHFWLYHO\ XVHUV VKRXOG KDYH D JHQHUDO XQGHUVWDQGLQJ RI =;6'5 5 HTXLSPHQW DQG LWV FRPSRQHQWV )DPLOLDULW\ ZLWK WKH IROORZLQJ LV KHOSIXOFGPD IXQGDPHQWDO=;6'5 5 KDUGZDUH VWUXFWXUH:KDW LV LQ 7KLV0DQXDO7KLV PDQXDO FRQWDLQV WKH IROORZLQJ FKDSWHUV DQG DSSHQGL[HV&KDSWHU 6XPPDU\&KDSWHU  6DIHW\ ,QVWUXFWLRQ 'HVFULEHV SUHFDXWLRQV LQ =;6'55 LQVWDOODWLRQ RU RSHUDWLRQPDLQWHQDQFH DV ZHOO DV WKHPHDQLQJV RI YDULRXV VDIHW\V\PEROV&KDSWHU  ,QVWDOODWLRQ 2YHUYLHZ 'HVFULEHV WKH UHTXLUHPHQWVIRU =;6'5 5 LQVWDOODWLRQSHUVRQQHO WKH LQVWDOODWLRQ ÀRZVDQG LQVWDOODWLRQ SUHSDUDWLRQ&KDSWHU  &DELQHW ,QVWDOODWLRQ 'HVFULEHV IRXU LQVWDOODWLRQ PRGHVRI =;6'5 5 FDELQHW DQGLQVWDOODWLRQ VLWXDWLRQV&KDSWHU  ([WHUQDO &DEOH,QVWDOODWLRQ'HVFULEHV WKH LQVWDOODWLRQ PHWKRGVRI YDULRXV =;6'5 5 H[WHUQDOFDEOHV&KDSWHU  0DLQ $QWHQQD )HHGHU6\VWHP ,QVWDOODWLRQ'HVFULEHV WKH LQVWDOODWLRQ ÀRZVDQG LQVWDOODWLRQ PHWKRGV RI=;6'5 5 PDLQ DQWHQQDIHHGHU V\VWHP&KDSWHU  +DUGZDUH ,QVWDOODWLRQ,QVSHFWLRQ'HVFULEHV WKH LQVSHFWLRQ PHWKRGVRI FDELQHW DQG FDEOHV DIWHULQVWDOODWLRQ FRPSOHWLRQ&KDSWHU  3RZHU RQ DQG RII 'HVFULEHV WKH PHWKRGV DQGSUHFDXWLRQV RI =;6'5 5SRZHU RQ DQG RII &RQ¿GHQWLDO DQG 3URSULHWDU\ ,QIRUPDWLRQ RI =7( &25325$7,21 L$

$=;6'5 5 ,QVWDOODWLRQ 0DQXDO&KDSWHU 6XPPDU\$SSHQGL[ $ &DELQHWFRPELQHG,QVWDOODWLRQ'HVFULEHV WKH PHWKRG RI=;6'5 5 FDELQHWFRPELQHGLQVWDOODWLRQ$SSHQGL[ % &DVFDGLQJ &DELQHW,QVWDOODWLRQ'HVFULEHV WKH PHWKRG RI =;6'55 FDVFDGLQJ FDELQHWLQVWDOODWLRQ$SSHQGL[ & 2XWGRRU $& 8QLW2$8 'HVFULEHV WHFKQLFDO LQGLFHVDSSHDUDQFH LQWHUIDFHV LQVWDOODWLRQLQWURGXFWLRQ DQG FDEOH FRQQHFWLRQRI 2$8$SSHQGL[ ' 2XWGRRU '& /LJKWQLQJ%R[ 2/3±'HVFULEHV WHFKQLFDO LQGLFHVDSSHDUDQFH LQWHUIDFH DQGLQVWDOODWLRQ LQWURGXFWLRQ RI RXWGRRU'& OLJKWQLQJ ER[$SSHQGL[ ( ,QGRRU '& /LJKWQLQJ%R[ ,/3±'HVFULEHV WHFKQLFDO LQGLFHVDSSHDUDQFH LQWHUIDFH DQGLQVWDOODWLRQ LQWURGXFWLRQ RI LQGRRU'& OLJKWQLQJ ER[$SSHQGL[ ) $& /LJKWQLQJ %R[ 'HVFULEHV DSSHDUDQFH LQWHUIDFHVDQG FDEOH FRQQHFWLRQ RI $&OLJKWQLQJ ER[$SSHQGL[ * 3RZHU 'LVWULEXWLRQ%R[ 3'0'HVFULEHV DSSHDUDQFH LQWHUIDFHDQG LQVWDOODWLRQ LQWURGXFWLRQ RI3'0LL &RQ¿GHQWLDO DQG 3URSULHWDU\ ,QIRUPDWLRQ RI =7( &25325$7,21$

$& K D S W H U 6DIWH\ 'HVFULSWLRQ7DEOH RI &RQWHQWV6DIHW\ 6SHFL¿FDWLRQV *XLGH  6DIHW\ 6\PEROV  6DIHW\ ,QVWUXFWLRQV  6DIHW\ 6SHFLILFDWLRQV *XLGH7KHVH VDIHW\ LQVWUXFWLRQV PXVW EH FRQVLGHUHG DV VXSSOHPHQWDU\ IRUORFDO VDIHW\ UHJXODWLRQV 7KH SULRULW\ PXVW EH JLYHQ WR ORFDO VDIHW\UHJXODWLRQV LI WKHUH LV DQ\ FRQÀLFW EHWZHHQ WKH WZR7KH PDLQWHQDQFH SHUVRQQHO PXVW KDYH WKH NQRZOHGJH RI VDIHW\RSHUDWLRQV DQG PDLQWHQDQFH ZLWK UHTXLUHG TXDOL¿FDWLRQ DQG WHFKQLFDO EDFNJURXQG:DUQLQJ7KLV GHYLFH FRPSOLHV ZLWK SDUW  RI WKH )&& 5XOHV 2SHUDWLRQ LVVXEMHFW WR WKH IROORZLQJ WZR FRQGLWLRQV  7KLV GHYLFH PD\ QRWFDXVH KDUPIXO LQWHUIHUHQFH DQG  WKLV GHYLFH PXVW DFFHSW DQ\LQWHUIHUHQFH UHFHLYHG LQFOXGLQJ LQWHUIHUHQFH WKDW PD\ FDXVH XQGHVLUHG RSHUDWLRQ &KDQJHV RU PRGL¿FDWLRQV QRW H[SUHVVO\ DSSURYHGE\ WKH SDUW\ UHVSRQVLEOH IRU FRPSOLDQFH FRXOG YRLG WKH XVHU¶V DXWKRULW\ WR RSHUDWH WKH HTXLSPHQW7KLV&ODVV>$@GLJLWDODSSDUDWXVFRPSOLHVZLWK&DQDGLDQ,&(6$OO WKH RSHUDWLRQ DQG PDLQWHQDQFH SHUVRQQHO PXVW IROORZ WKHVDIHW\ SUHFDXWLRQV DQG LQVWUXFWLRQV SURYLGHG E\ =7( &RUSRUDWLRQWR DYRLG DQ\ DFFLGHQW&RQ¿GHQWLDO DQG 3URSULHWDU\ ,QIRUPDWLRQ RI =7( &25325$7,21 $

$=;6'5 5 ,QVWDOODWLRQ 0DQXDO1RWH=7( &RUSRUDWLRQ GRHV QRW EHDU DQ\ OLDELOLWLHV LQFXUUHG EHFDXVH RIYLRODWLRQ RI WKH XQLYHUVDO VDIHW\ RSHUDWLRQ UHTXLUHPHQWV RU YLRODWLRQ RI VDIHW\ VWDQGDUGV IRU GHVLJQLQJ PDQXIDFWXULQJ DQG XVLQJWKH HTXLSPHQW6DIHW\ 6\PEROV7DEOH  OLVWV VDIHW\ V\PEROV 7KH\ DUH WR SURPSW WKH XVHU RI WKHVDIHW\ SUHFDXWLRQV WR EH REVHUYHG GXULQJ =;6'5 5 RSHUDWLRQDQG PDLQWHQDQFH7$%/( 6$)(7< 6<0%2/6 '(6&5,37,216DIHW\ 6\PEROV 0HDQLQJ1R VPRNLQJ 6PRNLQJ LV IRUELGGHQ1R ÀDPPDEOHV 1R ÀDPPDEOHV FDQ EH VWRUHG1R WRXFKLQJ 'R QRW WRXFK8QLYHUVDO DOHUWLQJ V\PERO *HQHUDO VDIHW\DWWHQWLRQV(OHFWULF VKRFN 5LVN RI HOHFWULF VKRFN(OHFWURVWDWLF 7KH GHYLFH PD\ EH VHQVLWLYH WRVWDWLF HOHFWULFLW\0LFURZDYH %HZDUH RI VWURQJ HOHFWURPDJQHWLF¿HOG/DVHU %HZDUH RI VWURQJ ODVHU EHDP6FDOG %HZDUH RI VFDOG$PRQJVW WKHVH VDIHW\ V\PEROV WKH XQLYHUVDO DODUP V\PEROV DUHFODVVL¿HG LQWR WKUHH OHYHOV GDQJHU ZDUQLQJ DQG FDXWLRQ 7KHIRUPDWV DQG PHDQLQJV RI WKH WKUHH OHYHOV DUH GHVFULEHG DV EHORZ &RQ¿GHQWLDO DQG 3URSULHWDU\ ,QIRUPDWLRQ RI =7( &25325$7,21$

$&KDSWHU  6DIWH\ 'HVFULSWLRQ'DQJHU,QGLFDWHV D SRWHQWLDOO\ KD]DUGRXV VLWXDWLRQ ZKLFK LI QRW DYRLGHGZLOO UHVXOW LQ GHDWK RU VHULRXV LQMXU\ RI SHRSOH RU HTXLSPHQW GDPDJHV DQG EUHDNGRZQ:DUQLQJ,QGLFDWHV D SRWHQWLDOO\ KD]DUGRXV VLWXDWLRQ ZKLFK LI QRW DYRLGHGFRXOG UHVXOW LQ GHDWK RU VHULRXV LQMXU\&DXWLRQ,QGLFDWHV D SRWHQWLDOO\ KD]DUGRXV VLWXDWLRQ ZKLFK LI QRW DYRLGHGFRXOG UHVXOW LQ VHULRXV LQMXULHV HTXLSPHQW GDPDJHV RU LQWHUUXSWLRQRI SDUW VHUYLFHV6DIHW\ ,QVWUXFWLRQV7KLV VHFWLRQ GHVFULEHV WKH VDIHW\ LQVWUXFWLRQV UHODWHG WR HOHFWULFDOVDIHW\ DQWLVWDWLF KHDY\ REMHFWV DQG PRGXOHV(OHFWULFDO 6DIHW\,QVWUXFWLRQV7KH IROORZLQJ DUH WKH HOHFWULFDO VDIHW\ LQVWUXFWLRQV DERXW WRROV KLJKYROWDJH SRZHU FDEOHV KROHV DQG OLJKWQLQJ7RROV8VH VSHFLDO WRROV UDWKHU WKDQ FRPPRQ WRROV IRU KLJKYROWDJHDQG $& RSHUDWLRQV+LJK 9ROWDJH'DQJHU+LJK YROWDJH LV KD]DUGRXV 'LUHFW RU LQGLUHFW FRQWDFW ZLWK KLJKYROWDJH RU PDLQ VXSSO\ XVLQJ D ZHW REMHFW FRXOG UHVXOW LQ GHDWKf6WULFWO\ IROORZ ORFDO VDIHW\ UXOHV WR LQVWDOO $& SRZHU HTXLSPHQWVf,QVWDOODWLRQ VWDII PXVW EH TXDOL¿HG IRU SHUIRUPLQJ KLJKYROWDJH DQG $& RSHUDWLRQVf'R QRW ZHDU DQ\ ZDWFK KDQG FKDLQ EUDFHOHW ULQJ RU DQ\RWKHU FRQGXFWLYH REMHFW GXULQJ VXFK RSHUDWLRQVf3UHYHQW PRLVWXUH IURP DFFXPXODWLQJ RQ WKH HTXLSPHQW GXULQJ RSHUDWLRQV LQ D GDPS HQYLURQPHQW3RZHU &DEOH&RQ¿GHQWLDO DQG 3URSULHWDU\ ,QIRUPDWLRQ RI =7( &25325$7,21 $

$=;6'5 5 ,QVWDOODWLRQ 0DQXDO:DUQLQJ1HYHU LQVWDOO RU XQLQVWDOO SRZHU FDEOHV ZKLOH WKH\ DUH OLYH 2WKHUZLVH WKH SRZHU FDEOH ZKHQ FRQWDFWLQJ D FRQGXFWRU PD\ UHVXOW LQ VSDUNV RU HOHFWULF DUF FDXVLQJ D ¿UH RU HYHQ GDPDJH WRH\HVf0DNH VXUH WR VKXW RII SRZHU VXSSO\ EHIRUH LQVWDOOLQJ RU GLVFRQQHFWLQJ D SRZHU FDEOHf%HIRUH FRQQHFWLQJ WKH SRZHU FDEOH PDNH VXUH WKDW WKH FRQQHFWLQJ FDEOH DQG LWV ODEHO LV DSSURSULDWH IRU WKH DFWXDO LQVWDOODWLRQ UHTXLUHPHQWV'ULOOLQJ +ROHV:DUQLQJ,W LV QRW DOORZHG WR GULOO FDELQHW KROHV ZLWKRXW SHUPLVVLRQf8QTXDOL¿HG GULOOLQJ FRXOG GDPDJH ZLULQJ DQG FDEOHV LQVLGHWKH FDELQHW $GGLWLRQDOO\ PHWDO SLHFHV LQVLGH WKH FDELQHWFUHDWHG E\ WKH GULOOLQJ FRXOG UHVXOW LQ D VKRUW FLUFXLW 8VHLQVXODWLRQ SURWHFWLRQ JORYHV DQG ¿UVW PRYH FDEOHV LQVLGH DFDELQHW DZD\ ZKHQ GULOOLQJ LV QHFHVVDU\ RQ D FDELQHWf3URWHFW H\HV GXULQJ GULOOLQJ DV GXVW RU À\LQJ GHEULV PD\GDPDJH H\HVf&OHDQ DQ\ GHEULV LQ WLPH DIWHU GULOOLQJ/LJKWQLQJ'DQJHU'R QRW SHUIRUP KLJKYROWDJH $& LURQ WRZHU RU PDVW RSHUDWLRQVLQ D WKXQGHUVWRUP7KXQGHUVWRUPV ZRXOG JLYH ULVH WR D VWURQJ HOHFWURPDJQHWLF¿HOG LQ WKH DWPRVSKHUH 7KHUHIRUH WKH HTXLSPHQW PXVW EHJURXQGHG DQG SURWHFWHG LQ WLPH DJDLQVW OLJKWQLQJ VWULNHV$QWLVWDWLF 6DIHW\,QVWUXFWLRQV (OHFWURVWDWLF6WDWLF HOHFWULFLW\ SURGXFHG E\ KXPDQ ERG\ FDQ GDPDJH VWDWLFVHQVLWLYH FRPSRQHQWV RQ FLUFXLW ERDUG VXFK DV ODUJHVFDOH LQWHJUDWHGFLUFXLWV)ULFWLRQ FDXVHG E\ KXPDQ ERG\ DFWLYLWLHV LV WKH URRW FDXVH RIHOHFWURVWDWLF FKDUJH DFFXPXODWLRQ 6WDWLF YROWDJH FDUULHG E\ DKXPDQ ERG\ LQ D GU\ HQYLURQPHQW FDQ EH XS WR  N9 DQGFDQ UHPDLQ LQ WKHUH IRU D ORQJ WLPH $Q RSHUDWRU ZLWK VWDWLFHOHFWULFLW\ PD\ GLVFKDUJH HOHFWULFLW\ WKURXJK D FRPSRQHQW ZKHQKHVKH WRXFKHV WKH FRQGXFWRU DQG FDXVLQJ GDPDJH &RQ¿GHQWLDO DQG 3URSULHWDU\ ,QIRUPDWLRQ RI =7( &25325$7,21$

$&KDSWHU  6DIWH\ 'HVFULSWLRQ:HDU DQ DQWLVWDWLF ZULVW VWUDS WKH RWKHU HQG RI ZULVW VWUDS PXVWEH ZHOO JURXQGHG EHIRUH WRXFKLQJ WKH HTXLSPHQW RU KROGLQJD SOXJLQ ERDUG FLUFXLW ERDUG ,QWHJUDWHG &LUFXLW ,& FKLS RURWKHU GHYLFHV WR SUHYHQW KXPDQ VWDWLF HOHFWULFLW\ IURP GDPDJLQJ VHQVLWLYH FRPSRQHQWV$ UHVLVWRU RYHU  0ƻ VKRXOG EH FRQQHFWHG LQ VHULHV RQ WKH FDEOHEHWZHHQ WKH DQWLVWDWLF ZULVW VWUDS DQG WKH JURXQGLQJ SRLQW WRSURWHFW WKH RSHUDWRU DJDLQVW DFFLGHQWDO HOHFWULF VKRFN 5HVLVWDQFH RYHU  0ƻ LV ORZ HQRXJK WR GLVFKDUJH VWDWLF YROWDJH7KH DQWLVWDWLF ZULVW VWUDS XVHG PXVW EH VXEMHFW WR UHJXODUFKHFN 'R QRW UHSODFH WKH FDEOH RI DQ DQWLVWDWLF ZULVW VWUDSZLWK DQ\ RWKHU FDEOH'R QRW FRQWDFW VWDWLFVHQVLWLYH PRGXOHV ZLWK DQ\ REMHFW WKDWHDVLO\ JHQHUDWHV VWDWLF HOHFWULFLW\ )RU H[DPSOH IULFWLRQ RI SDFNDJH EDJ WUDQVIHU ER[ DQG WUDQVIHU EHOW PDGH IURP LQVXODWLRQSODVWLF PD\ FDXVH VWDWLF HOHFWULFLW\ RQ FRPSRQHQWV 'LVFKDUJHRI VWDWLF HOHFWULFLW\ PD\ GDPDJH FRPSRQHQWV ZKHQ WKH\ FRQWDFW D KXPDQ ERG\ RU WKH JURXQG0RGXOHV VKRXOG RQO\ FRQWDFW PDWHULDOV VXFK DV DQWLVWDWLF EDJ.HHS PRGXOHV LQ DQWLVWDWLF EDJV GXULQJ VWRUDJH DQG WUDQVSRUWDWLRQ'LVFKDUJH VWDWLF HOHFWULFLW\ RI WKH WHVW GHYLFH EHIRUH XVH WKDWLV JURXQG WKH WHVW GHYLFH ¿UVW'R QRW SODFH WKH PRGXOH QHDU D VWURQJ '& PDJQHWLF ¿HOG VXFKDV WKH FDWKRGHUD\ WXEH RI D PRQLWRU .HHS WKH PRGXOH DW OHDVW FP DZD\+RLVWLQJ +HDY\2EMHFWV:DUQLQJ:KHQ KRLVWLQJ KHDY\ REMHFWV HQVXUH WKDW QRERG\ LV VWDQGLQJ RUZDONLQJ XQGHU WKH KRLVWHG REMHFW(QVXUH WKH KRLVWHU FDQ PHHW KRLVWLQJ UHTXLUHPHQWV ZKHQ GLVDVVHPEOLQJ KHDY\ HTXLSPHQW RU PRYLQJ DQG UHSODFLQJ HTXLSPHQW7KH LQVWDOODWLRQ SHUVRQQHO PXVW EH GXO\ WUDLQHG DQG TXDOL¿HGIRU KRLVWLQJ RSHUDWLRQV+RLVWLQJ WRROV PXVW EH LQVSHFWHG DQG FRPSOHWH EHIRUH VHUYLFH0DNH VXUH WKDW KRLVWLQJ WRROV DUH ¿[HG ¿UPO\ RQ D VXI¿FLHQWO\VHFXUHG REMHFW RU ZDOO EHIRUH WKH KRLVWLQJ RSHUDWLRQ*LYH EULHI RUDO LQVWUXFWLRQV GXULQJ KRLVWLQJ RSHUDWLRQV WR SUHYHQW DQ\ PLVKDS8QSOXJJLQJ3OXJJLQJ D 0RGXOH1HYHU SOXJ D PRGXOH ZLWK H[FHVVLYH IRUFH WR HQVXUH WKDW WKHSLQV RQ WKH EDFNSODQH GR QRW JHW GHIRUPHG3OXJ WKH PRGXOH ULJKW LQWR WKH VORW DQG PDNH VXUH PRGXOH FLUFXLW IDFHV GR QRW FRQWDFW HDFK RWKHU OHVW DQ\ VKRUW FLUFXLW PD\RFFXU.HHS KDQGV RII WKH PRGXOH FLUFXLW FRPSRQHQWV FRQQHFWRUVDQG FDEOH WURXJK ZKHQ KROGLQJ D PRGXOH&RQ¿GHQWLDO DQG 3URSULHWDU\ ,QIRUPDWLRQ RI =7( &25325$7,21 $

$=;6'5 5 ,QVWDOODWLRQ 0DQXDO2WKHU 6DIHW\,QVWUXFWLRQV 1RWH'R QRW SHUIRUP PDLQWHQDQFH RU GHEXJJLQJ LQGHSHQGHQWO\ XQOHVVD TXDOL¿HG SHUVRQ LV SUHVHQW3HUIRUP DQ DLUWLJKW WHVW EHIRUH 558 GHOLYHU\ DQG SURKLELW GLVDVVHPEOLQJ WKH 558 RQ VLWH5HSODFLQJ DQ\ SDUWV RU PDNLQJ DQ\ FKDQJHV WR WKH HTXLSPHQWPLJKW UHVXOW LQ DQ XQH[SHFWHG GDQJHU 7KHUHIRUH EH VXUH QRWWR UHSODFH DQ\ SDUWV RU SHUIRUP DQ\ FKDQJHV WR WKH HTXLSPHQWXQOHVV DXWKRUL]HG RWKHUZLVH'XH WR WKDW 558 LV LQ KLJK WHPSHUDWXUH GXULQJ UXQQLQJ WKH 558VKRXOG EH LQVWDOOHG LQ VRPH UHJLRQV RXW RI RSHUDWRUV¶ UHDFK RUVWULFWO\ UHVWULFWHG&RQWDFW =7( RI¿FH LI \RX KDYH DQ\ TXHVWLRQ WR HQVXUH \RXUVDIHW\ &RQ¿GHQWLDO DQG 3URSULHWDU\ ,QIRUPDWLRQ RI =7( &25325$7,21$

$& K D S W H U ,QVWDOODWLRQ 2YHUYLHZ7DEOH RI &RQWHQWV&RPSRQHQWV WR EH ,QVWDOOHG  ,QVWDOODWLRQ )ORZ ,QVWDOODWLRQ 3UHSDUDWLRQ  &RPSRQHQWV WR EH ,QVWDOOHG)RU =;6'5 5 WKH IROORZLQJ FRPSRQHQWV ZLOO EH LQVWDOOHG=;6'5 5 FDELQHW DQG FRPSRQHQWV1RWH7KH LQQHU FDEOHV DQG IXQFWLRQDO PRGXOHVERDUGV LQ WKH FDELQHWDUH DOUHDG\ LQVWDOOHG EHIRUH HTXLSPHQW GHOLYHU\6XQVKLHOG XVHG IRU WKH RXWGRRU =;6'5 5 LQVWDOODWLRQ&DEOHV$QWHQQD IHHGHU V\VWHP LQFOXGLQJ DQWHQQD MXPSHUV DQG IHHGHU,QVWDOODWLRQ )ORZ7KH LQVWDOODWLRQ ÀRZ RI =;6'5 5 LV GHPRQVWUDWHG LQ )LJXUH  +RZHYHU LW LV QRW UHTXLUHG WR VWULFWO\ IROORZ WKH VWHSV VKRZHGLQ WKLV ÀRZ 7KH DFWXDO LQVWDOODWLRQ SURFHGXUHV GHSHQG RQ WKH UHTXLUHPHQWV RQ VLWH&RQ¿GHQWLDO DQG 3URSULHWDU\ ,QIRUPDWLRQ RI =7( &25325$7,21 $

$=;6'5 5 ,QVWDOODWLRQ 0DQXDO),*85( ,167$//$7,21 )/2:,QVWDOODWLRQ 3UHSDUDWLRQ(QJLQHHULQJ &RQGLWLRQ ,QVSHFWLRQ%HIRUH LQVWDOOLQJ GHYLFHV IROORZ WKH UHTXLUHPHQWV RI (QYLURQPHQW$FFHSWDQFH 5HSRUW DQG FKHFN LQVWDOODWLRQ HQYLURQPHQW 7KH IROORZLQJ FRQWHQW LV MXVW DV D UHIHUHQFH,QVWDOODWLRQ3RVLWLRQ,QVSHFWLRQ=;6'5 5 LQVWDOODWLRQ SRVLWLRQ VKRXOG DFFRUG ZLWK WKH UHTXLUHPHQWV RI HQJLQHHULQJ GHVLJQ WKH VSHFL¿HG UHTXLUHPHQWV DV IROORZV &RQ¿GHQWLDO DQG 3URSULHWDU\ ,QIRUPDWLRQ RI =7( &25325$7,21$

$&KDSWHU  ,QVWDOODWLRQ 2YHUYLHZ$YRLG GXVW\ KDUPIXOJDV RU H[SORVLYHJRRGV HQYLURQPHQW$YRLG WKH SODFHV ZLWK ELJ VKRFN RU VWURQJ QRLVH)DU DZD\ VXEVWDWLRQ)DU DZD\ SROOXWLRQ VRXUFH$YRLG DQ LQGXVWULDO ERLOHU DQG KHDWLQJ ERLOHU)DU DZD\ KLJKSRZHU ZLUHOHVV LQWHUIHUHQFH VRXUFH7HPSHUDWXUHDQG +XPLGLW\,QVSHFWLRQ=;6'5 5 WHPSHUDWXUH DQG KXPLGLW\ LQ ZRUN HQYLURQPHQWVKRXOG PHHW WKH UHTXLUHPHQWV DV VKRZQ LQ3RZHU 6XSSO\,QVSHFWLRQ7KH UHTXLUHPHQWV RI =;6'5 5 SRZHU VXSSO\ DUH GHVFULEHG DVIROORZV '& SRZHU VXSSO\ =;6'5 5 LV ± 9 '& SRZHU VXSSO\ DQGWKH YROWDJH RI SRZHU VXSSO\ LV ± 9 '&a± 9 '& ,QGLUHFW $& SRZHU VXSSO\ DGRSW DQ RXWGRRU $& XQLW 2$8WKH 2$8 FDQ SURYLGH 9 $& SRZHU VXSSO\ IRU RQH =;6'5% & DQG RQH =;6'5 5 DW WKH VDPH WLPH/LJKWQLQJ,QVSHFWLRQ7KH =;6'5 5 OLJKWQLQJ UHTXLUHPHQWV DUH GHVFULEHG DV IROORZV2XWGRRU ,QVWDOODWLRQL )RU '& SRZHU VXSSO\ FRQ¿JXUH DQ RXWGRRU '& OLJKWQLQJ ER[2/3 ,I WKH '& SRZHU LV H[SRUWHG IURP WKH HTXLSPHQWURRP WKH OHQJWK RI SRZHU FDEOH LV PRUH WKDQ  P OHVVWKDQ  P DQG WKH RXWSXW HQG RI LQGRRU '& SRZHU LV QRWFRQ¿JXUHG ZLWK %OHYHO RU DERYH OLJKWQLQJ GHYLFHV LW LV UHTXLUHG WR FRQ¿JXUH DQ LQGRRU '& OLJKWQLQJ ER[ ,/3± LQWKH HTXLSPHQW URRPLL )RU LQGLUHFW $& SRZHU VXSSO\ LW LV UHTXLUHG WR FRQ¿JXUH DQ$& OLJKWQLQJ ER[ =;3&6 FRPELQHG DUUHVWHU)RU LQGRRU LQVWDOODWLRQ LI WKH SRZHU FDEOH LV GLVWULEXWHG RXWGRRUV FRQ¿JXUH WKH SRZHU OLJKWQLQJ ER[ DFFRUGLQJ WR WKH FRQGLWLRQV RI RXWGRRU LQVWDOODWLRQ*URXQGLQJ,QVSHFWLRQ=;6'5 5 DGRSWV DQ DVVRFLDWHG JURXQGLQJ PRGH 7KH YDOXHRI JURXQGLQJ UHVLVWDQFH LV QRW PRUH WKDQ  RKP2WKHU ,QVSHFWLRQV  7KH FRUROODU\ GHYLFHV RU FRPSRQHQWV VKRXOG DFFRUG ZLWK WKHUHTXLUHPHQWV RI =;6'5 5 HQJLQHHULQJ GHVLJQ GUDZLQJ 7KH WUDQVPLVVLRQ GHYLFHV LQWHUFRQQHFWHG ZLWK %%8 VKRXOG KDYHEHHQ SUHSDUHG7RROV DQG ,QVWUXPHQWV 3UHSDUDWLRQ7DEOH  VKRZV WRROV DQG PHWHUV OLVW UHTXLUHG GXULQJ LQVWDOODWLRQ&RQ¿GHQWLDO DQG 3URSULHWDU\ ,QIRUPDWLRQ RI =7( &25325$7,21 $

$=;6'5 5 ,QVWDOODWLRQ 0DQXDO7$%/( 722/ $1' 0(7(5 /,67&DWHJRU\ 1DPH ([DPSOH2QH IHHGHU FRQQHFWRU NQLIH2QH  ƻ FRD[LDO FDEOH VWULSSHU2QH PXOWLIXQFWLRQDO FULPSLQJSOLHUV2QH PXOWLPHWHU2QH VWDQGLQJ ZDYH UDWLR WHVWHU6SHFLDOSXUSRVHWRROV2QH HDUWK UHVLVWDQFH WHVWHU2QH HOHFWULF SHUFXVVLRQ GULOO6HYHUDO DX[LOLDU\ SHUFXVVLRQGULOO ELWV3XQFKLQJWRROV &RQ¿GHQWLDO DQG 3URSULHWDU\ ,QIRUPDWLRQ RI =7( &25325$7,21$

$&KDSWHU  ,QVWDOODWLRQ 2YHUYLHZ&DWHJRU\ 1DPH ([DPSOH2QH YDFXXP FOHDQHU3RZHU FRQQHFWRU ERDUG SURYLGLQJ DW OHDVW  WZRSKDVHVRFNHWV DQG  WKUHHSKDVHVRFNHWV ZLWK WKH FXUUHQW FDSDFLW\ ODUJHU WKDQ  $&URVV VFUHZGULYHUV ´ ´ DQG´ HDFK)ODWKHDG VFUHZGULYHUV ´ ´DQG ´ HDFK$GMXVWDEOH ZUHQFKHV ´ ´´ DQG ´ HDFK'XDOSXUSRVH ZUHQFKHV ´DQG ´ HDFK2QH VHW RI VRFNHW ZUHQFKHV2QH SDSHU NQLIH NJ QDLO KDPPHU2QH  : LURQ DQG RQH  :LURQ*HQHUDOSXUSRVHWRROV&RQ¿GHQWLDO DQG 3URSULHWDU\ ,QIRUPDWLRQ RI =7( &25325$7,21 $

$=;6'5 5 ,QVWDOODWLRQ 0DQXDO&DWHJRU\ 1DPH ([DPSOH2QH VHW RI LQQHUKH[DJRQZUHQFK6ROGHU ZLUHV2QH  P  IHHW WDSHPHDVXUH2QH  P  IHHW VWHHO WDSH2QH DQJOH LQVWUXPHQW0HDVXUHPHQWWRROV &RQ¿GHQWLDO DQG 3URSULHWDU\ ,QIRUPDWLRQ RI =7( &25325$7,21$

$&KDSWHU  ,QVWDOODWLRQ 2YHUYLHZ&DWHJRU\ 1DPH ([DPSOH2QH FRPSDVV2QH OHYHO EDU2QH SOXPE$QWLVWDWLF ZULVW VWUDSVOLSSURRI JORYHV3URWHFWLRQWRROV6DIHW\ KHOPHW&RQ¿GHQWLDO DQG 3URSULHWDU\ ,QIRUPDWLRQ RI =7( &25325$7,21 $

$=;6'5 5 ,QVWDOODWLRQ 0DQXDO&DWHJRU\ 1DPH ([DPSOH2QH KDFNVDZ ZLWK VHYHUDOVDZ EODGHV2QH SDLU RI VKDUSQRVH SOLHUVļ2QH SDLU RI GLDJRQDO SOLHUV ļ2QH SDLU RI URXQGQRVH SOLHUVļ2QH SDLU RI YLFHV ļ2QH VHW RI QHHGOH ¿OHV PHGLXPVL]HG1LSSHUV2QH SDLQW EUXVK2QH SDLU RI VFLVVRUV2QH KRW DLU EORZHU2QH VROGHU UHPRYDO WRRO2QH K\GUDXOLF FULPSHU&ODPSWRROV &RQ¿GHQWLDO DQG 3URSULHWDU\ ,QIRUPDWLRQ RI =7( &25325$7,21$

$&KDSWHU  ,QVWDOODWLRQ 2YHUYLHZ&DWHJRU\ 1DPH ([DPSOH2QH FURZEDU3XOOH\ VHW5RSH$X[LOLDU\WRROV /DGGHU6SHFWUXP DQDO\]HU UHTXLUHGLQ FHUWDLQ VSHFLDO FDVHV%76 WHVWHU0HWHUV&RQ¿GHQWLDO DQG 3URSULHWDU\ ,QIRUPDWLRQ RI =7( &25325$7,21 $

$=;6'5 5 ,QVWDOODWLRQ 0DQXDO&DWHJRU\ 1DPH ([DPSOH)LHOG VWUHQJWK WHVWHU UHTXLUHGLQ FHUWDLQ VSHFLDO FDVHV2QVLWH 'RFXPHQWV=;6'5 5 LQVWDOODWLRQ QHHGV WKH IROORZLQJ WHFKQLFDO GRFXPHQWVWR EH UHDG\=;6'5 5 (QJLQHHULQJ ([SORUDWLRQ 5HSRUW=;6'5 5 (QYLURQPHQW $FFHSWDQFH 5HSRUW=;6'5 5 PDQXDO NLW LQFOXGHV=;6'5 5 &RPPLVVLRQLQJ DQG &RQ¿JXUDWLRQ 0DQXDO=;6'5 5 2SHUDWLRQ DQG 0DLQWHQDQFH 0DQXDO=;6'5 5 7HFKQLFDO 0DQXDO8QSDFNLQJ $FFHSWDQFH&RXQWLQJ *RRGV&RQWH[W 7KH UHSUHVHQWDWLYH RI FXVWRPHU DQG WKH SURMHFW VXSHUYLVRU PXVW EHSUHVHQW RQ VLWH GXULQJ FRXQWLQJ RI JRRGV UHFHLYHG ,I DQ\ SDUW\ LVQRW SUHVHQW DW WKDW WLPH WUDQVSRUWHU PXVW KROG WKH UHVSRQVLELOLW\IRU DQ\ GLIIHUHQFH LQ JRRGV6WHSV  &KHFN 'HOLYHU\ &KHFNOLVW RI =7( &RUSRUDWLRQ &KHFN WRWDO QXPEHU RI JRRGV LQWDFWQHVV RI SDFNLQJ ER[HV DQG FKHFN ZKHWKHUDUULYDO SODFH LV WKH DFWXDO LQVWDOODWLRQ SODFH DJDLQVW SDFNLQJ OLVWQXPEHU DWWDFKHG WR SDFNLQJ ER[HV ,I JRRGV DUH LQWDFW VWDUWWR XQSDFN DQG LQVSHFW WKHP1RWH,W LV UHFRPPHQGHG WKDW \RX XQSDFN WKH JRRGV DIWHU DERXW PLQXWHV RI UHFHLYLQJ WKH FDUJR VLQFH WKHUH LV D SRVVLELOLW\ RI PRLVWXUH FRQWHQW GXH WR WHPSHUDWXUH YDULDWLRQV LI DQ\ (TXLSPHQW LQVSHFWLRQ OLVW DQG XQSDFNLQJ DFFHSWDQFH UHSRUW DUHSUHVHQW LQ WKH ¿UVW SDFNLQJ FDUWRQ )LUVWO\ RSHQ ¿UVW SDFNLQJFDUWRQ DQG WDNH RXW WKH 8QSDFNLQJ $FFHSWDQFH 5HSRUW WR FKHFNZKHWKHU WKH JRRGV UHFHLYHG DUH LQ DFFRUGDQFH ZLWK WKH LQVSHFWLRQ OLVW &RQ¿GHQWLDO DQG 3URSULHWDU\ ,QIRUPDWLRQ RI =7( &25325$7,21$

$&KDSWHU  ,QVWDOODWLRQ 2YHUYLHZ 'XULQJ WKH FRXQWLQJ DQG XQSDFNLQJ LQVSHFWLRQ SURFHVV LI DQ\PDWHULDO LV IRXQG VKRUW RU JRRGV GDPDJHG ¿OO LQ 8QSDFNLQJ$FFHSWDQFH )HHGEDFN 7DEOH DQG FRQWDFW =7( SURPSWO\(1' 2) 67(36&UDWH 8QSDFNLQJ3UHUHTXLVLWHV 3UHSDUH WKH DSSURSULDWH WRROV VXFK DV VWUDLJKW VFUHZGULYHU SOLHUVDQG FURZEDU&RQWH[W 3HUIRUP WKH IROORZLQJ VWHSV WR RSHQ WKH FUDWH6WHSV  ,QVHUW D ÀDWKHDG VFUHZGULYHU RU QDLO KDPPHU LQWR WKH PHQWDOODWFK RI WKH FRYHU ERDUG RI WKH FUDWH DQG PRYH WKH ÀDWKHDGVFUHZGULYHU RU QDLO KDPPHU WR ORRVHQ WKH LURQ VKHHW 7KHQ XVHWKH FURZEDU RU SLQFHUV WR SXW WKH PHQWDO ODWFK LQ WKH VWUDLJKWGLUHFWLRQ DV VKRZQ LQ )LJXUH ),*85( 3877,1* 7+( 0(17$/ /$7&+ ,1 675$,*+7 ',5(&7,21 0HQWDO VKHHW &RYHU ERDUG 0HQWDO ODWFK )ODWKHDG VFUHZGULYHU RU QDLOKDPPHU 8VH WKH WRROV WR SXW DOO WKH PHQWDO ODWFKHV RQ WKH FRYHU ERDUGRI WKH FUDWH DQG WKHQ UHPRYH WKH FRYHU ERDUG RI WKH FUDWH DVVKRZQ LQ )LJXUH &RQ¿GHQWLDO DQG 3URSULHWDU\ ,QIRUPDWLRQ RI =7( &25325$7,21 $

$=;6'5 5 ,QVWDOODWLRQ 0DQXDO),*85( 5(029,1* &29(5 %2$5' 3XW WKH RWKHU PHQWDO ODWFKHV RQ WKH IRXU VLGHV RI WKH FUDWHUHPRYH WKH ERDUGV DQG WDNH RXW WKH HTXLSPHQW IURP WKH FUDWHDV VKRZQ LQ )LJXUH  &RQ¿GHQWLDO DQG 3URSULHWDU\ ,QIRUPDWLRQ RI =7( &25325$7,21$

$&KDSWHU  ,QVWDOODWLRQ 2YHUYLHZ),*85( 5(029,1* 27+(5 %2$5'6(1' 2) 67(36&DUWRQ 8QSDFNLQJ3UHUHTXLVLWHV 3UHSDUH WKH DSSURSULDWH WRROV VXFK DV VWUDLJKW VFUHZGULYHU GLDJRQDO SOLHUV DQG SDSHU NQLIH&RQWH[W 3HUIRUP WKH IROORZLQJ VWHSV WR XQSDFN WKH FDUWRQ6WHSV  8VH GLDJRQDO SOLHUV WR FXW SDFNLQJ VWUDSV 8VH D SDSHU NQLIH WR FXW DGKHVLYH WDSH DORQJ WKH VOLWV RQ FDUWRQFRYHU DYRLG GDPDJLQJ JRRGV LQVLGH 2SHQ WKH FDUWRQ DQG UHPRYH WKH IRDP ERDUG &KHFN WKH JRRGV ZLWKLQ WKH FDUWRQ 7DNH RXW WKH DQWLVWDWLF SDFNLQJ EDJ 2SHQ WKH DQWLVWDWLF SDFNLQJ EDJ WR WDNH RXW WKH HOHFWURQLFHTXLSPHQW FRPSRQHQWV DV VKRZQ LQ )LJXUH &RQ¿GHQWLDO DQG 3URSULHWDU\ ,QIRUPDWLRQ RI =7( &25325$7,21 $

$=;6'5 5 ,QVWDOODWLRQ 0DQXDO),*85( 7$.,1* 287 &20321(17 :,7+ $1 $17,67$7,& :5,67 675$31RWHf$YRLG GDPDJLQJ WKH DQWLVWDWLF EDJ ,W FDQ EH XVHG LQ WKHIXWXUH IRU VWRUDJH RI VSDUH SDUWV GXULQJ XQSDFNLQJf:KLOH WKH HTXLSPHQW LV PRYHG WR D KRWWHU DQG GDPSHUSODFH ZDLW IRU  PLQXWHV EHIRUH XQSDFNLQJ WKH HTXLSPHQW2WKHUZLVH PRLVWXUH PD\ FRQGHQVH RQ WKH VXUIDFH RI WKHHTXLSPHQW DQG FDXVH GDPDJHf3URSHUO\ GLVSRVH RI UHF\FOH GHVLFFDQWV(1' 2) 67(36$FFHSWDQFH DQG *RRGV +DQGRYHU&RQWH[W 3HUIRUP WKLV SURFHGXUH IRU DFFHSWLQJ JRRGV DQG KDQGLQJ WKHPRYHU WR RSHUDWRUV6WHSV  $FFHSWDQFH%DVHG XSRQ WKH QDPH FDWHJRU\ DQG QXPEHU PHQWLRQHG RQ WKHVKLSSLQJ OLVW FDUHIXOO\ FKHFN WKH JRRGV SLHFH E\ SLHFH 0DNHVXUH WKDW JRRGV IXO¿O WKH IROORZLQJ FRQGLWLRQVL 0DNH VXUH WKDW WKHUH DUH QR EXEEO\ SHHOLQJ QLFN DQG ¿OWKPDUN RQ WKH VXUIDFH RI WKH FKDVVLVLL (QVXUH WKDW RLO SDLQW RQ WKH FKDVVLV VXUIDFH LV LQWDFWLLL (QVXUH FODPSLQJ VFUHZV DUH WLJKW DQG LQWDFWLY $OO WKH FRPSRQHQWV DUH SURSHUO\ LQVWDOOHG DW WKHLU UHVSHFWLYHSRVLWLRQV &RQ¿GHQWLDO DQG 3URSULHWDU\ ,QIRUPDWLRQ RI =7( &25325$7,21$

$&KDSWHU  ,QVWDOODWLRQ 2YHUYLHZY /D\ GRZQ WKH LQVSHFWHG JRRGV DFFRUGLQJ WR FDWHJRULHV +DQGRYHU$IWHU FRPSOHWLQJ WKH XQSDFNLQJ SURFHGXUH UHSUHVHQWDWLYH RIFXVWRPHU DQG SURMHFW VXSHUYLVRU VKRXOG DSSURYH DQG VLJQ 8QSDFNLQJ IRU ,QVSHFWLRQ 5HSRUW (DFK SDUW\ VKRXOG KDYH D FRS\RI 8QSDFNLQJ IRU ,QVSHFWLRQ 5HSRUW ,I WKH JRRGV DUH VWLOO XQGHU WKH VXSHUYLVLRQ RI WKH RSHUDWRU HYHQ DIWHU DFFHSWDQFH WKHQJRRGV ZLOO QRW EH KDQGHG RYHU WR WKH RSHUDWRU XQWLO ERWK SDUWLHVVLJQ RQ WKH UHSRUW(1' 2) 67(36&RQ¿GHQWLDO DQG 3URSULHWDU\ ,QIRUPDWLRQ RI =7( &25325$7,21 $

$=;6'5 5 ,QVWDOODWLRQ 0DQXDO7KLV SDJH LV LQWHQWLRQDOO\ EODQN &RQ¿GHQWLDO DQG 3URSULHWDU\ ,QIRUPDWLRQ RI =7( &25325$7,21$

$& K D S W H U &DELQHW ,QVWDOODWLRQ7DEOH RI &RQWHQWV(QJLQHHULQJ ,QGLFHV ,QVWDOODWLRQ 0RGH ,QVWUXFWLRQ3ROHPRXQWHG ,QVWDOODWLRQ 0RGH:DOOPRXQWHG ,QVWDOODWLRQ 0RGH)ORRU *DQWU\PRXQWHG ,QVWDOODWLRQ 0RGH 6LPSOL¿HG &DELQHW ,QWHJUDWHG ,QVWDOODWLRQ 0RGH ,QVWDOOLQJ 6XQ VKLHOG (QJLQHHULQJ ,QGLFHV7DEOH  GHVFULEHV WKH HQJLQHHULQJ LQGLFHV RI =;6'5 57$%/(  =;6'5 5 (1*,1((5,1* ,1',&(6,WHP ,QGLFHV2YHUDOO 'LPHQVLRQ :LGWK [ +HLJKW [ 'HSWK PP [ PP[ PP8SSHU (QFORVXUH'LPHQVLRQ:LGWK [ +HLJKW [ 'HSWK PP [ PP[ PP/RZHU (QFORVXUH'LPHQVLRQ:LGWK [ +HLJKW [ 'HSWK PP [ PP[PP:HLJKW   NJ3RZHU 9 '& 9a 99 $& 9a9+]a+] YLD H[WHUQDO $&WR'& FRQYHUVLRQOLJKWQLQJ ER[:RUN 7HPSHUDWXUH  ЯWR  Я еWR  е:RUN +XPLGLW\  5+ a  5+3RZHU &RQVXPSWLRQ RI1RUPDO :RUN 8QGHU 9'& 3RZHU 6XSSO\ &DUULHU±2XWSXW 3RZHU :&6±3RZHU &RQVXPSWLRQ  : &DUULHU±2XWSXW 3RZHU :&6±3RZHU &RQVXPSWLRQ  : &DUULHU±2XWSXW 3RZHU :&6±3RZHU &RQVXPSWLRQ  :&RQ¿GHQWLDO DQG 3URSULHWDU\ ,QIRUPDWLRQ RI =7( &25325$7,21 $

$=;6'5 5 ,QVWDOODWLRQ 0DQXDO7KH WHFKQLFDO LQGLFHV RI WKH LQGRRU '& OLJKWQLQJ ER[ H[HPSOL¿HGE\ -'.&+±.= DUH OLVWHG LQ 7DEOH  ZKLFK LV VXEMHFW WRWKH DFWXDO ¿HOG WHFKQLFDO VSHFL¿FDWLRQV IRU SUDFWLFDO DSSOLFDWLRQ7$%/(  -'.&+±.= '& /,*+71,1* %2; 7(&+1,&$/ ,1',&(6,WHP ,QGH['LPHQVLRQV :LGWK [ +HLJKW [ 'HSWK  PP [ PP [  PP 7KH KHLJKW RI WRS FRYHU ER[ORFN H[FOXGHG1RPLQDO :RUNLQJ9ROWDJH±9,QVWDOODWLRQ 0RGH ,QGRRU ZDOOPRXQW LQVWDOODWLRQ:RUNLQJ 7HPSHUDWXUH  ЯWR  Я:RUNLQJ +XPLGLW\   5+7KH WHFKQLFDO LQGLFHV RI WKH H[WHUQDO $&WR'& FRQYHUVLRQ OLJKWQLQJER[ H[HPSOL¿HG E\ *3$'0$ DUH OLVWHG LQ 7DEOH  ZKLFKLV VXEMHFW WR WKH DFWXDO ¿HOG WHFKQLFDO VSHFL¿FDWLRQV IRU SUDFWLFDODSSOLFDWLRQ7$%/(  *3$'0$ (;7(51$/ $&72'& &219(56,21 /,*+71,1*%2; 7(&+1,&$/ ,1',&(6,WHP ,QGH['LPHQVLRQV :LGWK [ +HLJKW [ 'HSWK  PP [ PP [  PP:HLJKW  NJ,QSXW 9ROWDJH 0LQ YDOXH 97\SLFDO YDOXH 90D[ YDOXH 9,QSXW )UHTXHQF\ 0LQ YDOXH +]7\SLFDO YDOXH +]0D[ YDOXH +],QVWDOODWLRQ 0RGH 3ROHPRXQW DQG ZDOOPRXQW LQVWDOODWLRQ:RUNLQJ 7HPSHUDWXUH ЯЯ:RUNLQJ +XPLGLW\ ,QVWDOODWLRQ 0RGH ,QVWUXFWLRQ$FFRUGLQJ WR GLIIHUHQW LQVWDOODWLRQ HQYLURQPHQWV WKHUH DUH WKUHHPRGHV RI =;6'5 5 LQVWDOODWLRQ3ROHPRXQW LQVWDOODWLRQ:DOOPRXQW LQVWDOODWLRQ &RQ¿GHQWLDO DQG 3URSULHWDU\ ,QIRUPDWLRQ RI =7( &25325$7,21$

$&KDSWHU  &DELQHW ,QVWDOODWLRQ*DQWU\PRXQW LQVWDOODWLRQ6LPSOL¿HGFDELQHW LQWHJUDWLYH ,QVWDOODWLRQ3ROHPRXQWHG ,QVWDOODWLRQ0RGH&RPSRQHQWV 8VHG LQ 3ROHPRXQW,QVWDOODWLRQ7KH PDLQ FRPSRQHQWV XVHG LQ SROHPRXQW LQVWDOODWLRQ LQFOXGH3ROH DQFKRU FODPS FRPSRQHQWV3ROH ¿[LQJ EUDFNHW FRPSRQHQWV7KH SROH DQFKRU FODPS FRPSRQHQWV DUH XVHG IRU SROHPRXQW LQVWDOODWLRQ RI RQH RU WZR =;6'5 5V 7KH SROH ¿[LQJ EUDFNHWFRPSRQHQWV DUH XVHG IRU SROHPRXQW LQVWDOODWLRQ RI WKUHH =;6'55V7KH PDLQ SROH DQFKRU FODPS FRPSRQHQWV XVHG LQ SROHPRXQW LQVWDOODWLRQ IRU VLQJOH =;6'5 5DUH OLVWHG LQ7DEOH 7$%/( 0$,1 &20321(17 /,67 1DPH 4XDQWLW\6KRUW DQFKRU FODPS /RQJ DQFKRU FODPS 6WDQGDUG VSULQJ ZDVKHU  0î KH[DJRQ KHDG EROW IXOOWKUHDG,W\SH FRPPRQ 0 KH[DJRQDOQXW)ODW ZDVKHU  6WDQGDUG VSULQJ ZDVKHU  0î KH[DJRQ KHDG EROW %LJ ZDVKHU  7KH PDLQ SROH DQFKRU FODPS FRPSRQHQWV XVHG LQ SROHPRXQW LQVWDOODWLRQ IRU WZR =;6'5 5DUH OLVWHG LQ 7DEOH &RQ¿GHQWLDO DQG 3URSULHWDU\ ,QIRUPDWLRQ RI =7( &25325$7,21 $

$=;6'5 5 ,QVWDOODWLRQ 0DQXDO7$%/( 0$,1 &20321(17 /,67 1DPH 4XDQWLW\/RQJ DQFKRU FODPS 6WDQGDUG VSULQJ ZDVKHU  0î KH[DJRQ KHDG EROW IXOOWKUHDG0î KH[DJRQ KHDG EROW IXOOWKUHDG,W\SH FRPPRQ 0 KH[DJRQDOQXW)ODW ZDVKHU  6WDQGDUG VSULQJ ZDVKHU  0î +H[DJRQ KHDG EROW %LJ ZDVKHU  7KH PDLQ SROH ¿[LQJ EUDFNHW FRPSRQHQWV XVHG LQ SROHPRXQW LQVWDOODWLRQ IRU WKUHH =;6'5 5 DUH OLVWHG LQ 7DEOH 7$%/( 0$,1 &20321(17 /,67 1DPH 4XDQWLW\3ROH ¿[LQJ EUDFNHW 6WDQGDUG VSULQJ ZDVKHU  0î KH[DJRQ KHDG EROW IXOOWKUHDG,W\SH FRPPRQ 0 KH[DJRQDOQXW)ODW ZDVKHU  6WDQGDUG VSULQJ ZDVKHU  0î KH[DJRQ KHDG EROW %LJ ZDVKHU  )LJXUH  LOOXVWUDWHV SROH DQFKRU FODPS FRPSRQHQWV )LJXUH  LOOXVWUDWHV SROH ¿[LQJ EUDFNHW FRPSRQHQWV &RQ¿GHQWLDO DQG 3URSULHWDU\ ,QIRUPDWLRQ RI =7( &25325$7,21$

$&KDSWHU  &DELQHW ,QVWDOODWLRQ),*85( 32/( $1&+25 &/$03 &20321(176),*85( 32/( ),;,1* %5$&.(7 &20321(1761RWH7KH SROH DQFKRU FODPS FRPSRQHQWV VKRZQ LQ )LJXUH  LV DGRSWHG LQRQH SROHPRXQW LQVWDOODWLRQ 7KH SROH DQFKRU FODPS FRPSRQHQWVXVHG LQ WZR SROHPRXQW LQVWDOODWLRQ RQO\ FKDQJHV WZR VKRUW DQFKRUFODPSV LQWR WZR ORQJ DQFKRU FODPSV WKH VSHFL¿F OLVW GHVFULEHG LQ7DEOH ,QVWDOOLQJ 7ZR =;6'5 53ROHPRXQW &DELQHWV :LWKRXW :DYH7UDS6WHSV  )L[ DQFKRU FODPSV EDFN WR EDFN RQWR WKH SROH DQG DOLJQ WKHKROHV DQG VFUHZ GRZQ D ELW ZLWK EROWV $GMXVW VSDFH EHWZHHQ&RQ¿GHQWLDO DQG 3URSULHWDU\ ,QIRUPDWLRQ RI =7( &25325$7,21 $

$=;6'5 5 ,QVWDOODWLRQ 0DQXDODQFKRU FODPSV EDVHG RQ WKH VFUHZV¶ SRVLWLRQ RI VXSSRUWLQJSDQHO DV VKRZQ LQ )LJXUH ),*85( 32/(02817 ,167$//$7,21  ,W\SH FRPPRQ 0 KH[DJRQDO QXW 6WDQGDUG VSULQJ ZDVKHU  %LJ ÀDW ZDVKHU  /RQJ DQFKRU FODPS 0î KH[DJRQ KHDG EROWIXOO WKUHDG7LS'XULQJ WZR =;6'5 5 FDELQHW LQVWDOODWLRQ WKH VXJJHVWHGSROH GLDPHWHU LV  WR  PP DQG WKHUH DUH WZR NLQGV RI EROWOHQJWKVf8VH WKH EROW RI OHQJWK  PP IRU SROH GLDPHWHU RI  PPWR  PPf8VH WKH EROW RI OHQJWK  PP IRU SROH GLDPHWHU RI  PPWR  PP )L[ WZR VXSSRUWLQJ SDQHOV RQ WKH DQFKRU FODPS ZLWK 0 EROWVDQG VFUHZ 0 EROWV WLJKWO\ DV VKRZQ LQ )LJXUH  &RQ¿GHQWLDO DQG 3URSULHWDU\ ,QIRUPDWLRQ RI =7( &25325$7,21$

$&KDSWHU  &DELQHW ,QVWDOODWLRQ),*85( 32/(02817 ,167$//$7,21  0î +H[DJRQ KHDG EROW 6WDQGDUG VSULQJ ZDVKHU  %LJ ÀDW ZDVKHU  ,QVXODWLRQ ÀDQJH 6XSSRUWLQJ SDQHO ,QVXODWLRQ ERDUG /RQJ DQFKRU FODPS 0RXQW WKH WZR =;6'5 5 FDELQHWV RQ WKH VXSSRUWLQJ SDQHODQG IDVWHQ WKH FDELQHW ZLWK IRXU 0î KH[DJRQ VRFNHW FDSVFUHZV DV VKRZQ LQ )LJXUH ),*85(  32/(02817 ,167$//$7,21 &RQ¿GHQWLDO DQG 3URSULHWDU\ ,QIRUPDWLRQ RI =7( &25325$7,21 $

$=;6'5 5 ,QVWDOODWLRQ 0DQXDO(1' 2) 67(36,QVWDOOLQJ 7ZR =;6'5 53ROHPRXQW &DELQHWV :LWK :DYH7UDS&RQWH[W :KLOH LQVWDOOLQJ WKH =;6'5 5 SROHPRXQW LQVWDOODWLRQ ZLWK WZRZDYH WUDSV DGRSW DQFKRU FODPSV IRU WKH SROHPRXQW LQVWDOODWLRQRI WKUHH ZDYH WUDSV DGRSW ¿[LQJ EUDFNHWV6WHSV  )L[ DQFKRU FODPSV EDFN WR EDFN RQWR WKH SROH DOLJQ WKH KROHVDQG VFUHZ GRZQ D ELW ZLWK EROWV $GMXVW VSDFH EHWZHHQ DQFKRUFODPSV DV VKRZQ LQ )LJXUH ),*85(  32/(02817 ,167$//$7,21  ,W\SH FRPPRQ 0 KH[DJRQDO QXW 6WDQGDUG VSULQJ ZDVKHU  )ODW ZDVKHU  /RQJ DQFKRU FODPS 0î KH[DJRQ KHDG EROWIXOO WKUHDG &RQ¿GHQWLDO DQG 3URSULHWDU\ ,QIRUPDWLRQ RI =7( &25325$7,21$

$&KDSWHU  &DELQHW ,QVWDOODWLRQ7LS'XULQJ WZR =;6'5 5 LQVWDOODWLRQ WKH VXJJHVWHG SROH GLDPHWHU LV  WR  PP DQG WKHUH DUH WZR NLQGV RI EROW OHQJWKVf8VH WKH EROW RI OHQJWK  PP IRU SROH GLDPHWHU RI  PPWR  PPf8VH WKH EROW RI OHQJWK  PP IRU SROH GLDPHWHU RI  PPWR  PP )L[ WZR VXSSRUWLQJ SDQHOV RQ WKH DQFKRU FODPSV ZLWK 0 EROWVDQG VFUHZ GRZQ 0 EROWV DV VKRZQ LQ )LJXUH ),*85(  32/(02817 ,167$//$7,21  0î KH[DJRQ KHDG EROW 6WDQGDUG VSULQJ ZDVKHU  %LJ ÀDW ZDVKHU  ,QVXODWLRQ ÀDQJH 6XSSRUWLQJ SDQHO ,QVXODWLRQ ERDUG /RQJ DQFKRU FODPS 5HSHDW WKH 6WHSa6WHS WR LQVWDOO WZR DQFKRU FODPSV DQG WZRVXSSRUWLQJ SDQHOV 0RXQW WKH WZR =;6'5 5 FDELQHWV RQWR WKH VXSSRUWLQJ SDQHOV DQG IDVWHQ WKH FDELQHW ZLWK IRXU 0î KH[DJRQ VRFNHW FDSVFUHZV DV VKRZQ LQ )LJXUH &RQ¿GHQWLDO DQG 3URSULHWDU\ ,QIRUPDWLRQ RI =7( &25325$7,21 $

$=;6'5 5 ,QVWDOODWLRQ 0DQXDO),*85(  32/(02817 ,167$//$7,21  0RXQW WKH WZR ZDYH WUDSV RQWR WKH VXSSRUWLQJ SDQHOV DQG IDVWHQ WKHP WR WKH VXSSRUWLQJ SDQHOV ZLWK IRXU 0î KH[DJRQVRFNHW FDS VFUHZV DV VKRZQ LQ )LJXUH ),*85(  :$9( 75$3 ,167$//$7,21 :DYH WUDS )L[LQJ EHDP 6XSSRUWLQJ SDQHO &RQ¿GHQWLDO DQG 3URSULHWDU\ ,QIRUPDWLRQ RI =7( &25325$7,21$

$&KDSWHU  &DELQHW ,QVWDOODWLRQ(1' 2) 67(36,QVWDOOLQJ 7KUHH =;6'5 5&DELQHWV RQ 3ROH :LWKRXW :DYH7UDS6WHSV  )L[ WKH WZR VHWV RI ¿[LQJ EUDFNHWV RQWR WKH SROH DQG DOLJQ WKHKROHV DQG VFUHZ LW D ELW ZLWK EROWV DV VKRZQ LQ )LJXUH ),*85(  32/(02817 ,167$//$7,21  )L[LQJ %UDFNHW 0î KH[DJRQ KHDG EROWIXOO WKUHDG 6WDQGDUG VSULQJ ZDVKHU  )ODW ZDVKHU  ,W\SH FRPPRQ 0 KH[DJRQDO QXW $GMXVW VSDFH EHWZHHQ WKH ¿[LQJ EUDFNHWV EDVHG RQ WKH VFUHZV¶SRVLWLRQ RI LQVXODWLRQ ERDUGV DW WKH EDFN RI VXSSRUWLQJ SDQHOVDV VKRZQ LQ )LJXUH  )L[ WKUHH VXSSRUWLQJ SDQHOV RQ WKH¿[LQJ EUDFNHWV ZLWK 0 EROWV 6FUHZ WKH ¿[LQJ EUDFNHWV ZLWK0 EROWV&RQ¿GHQWLDO DQG 3URSULHWDU\ ,QIRUPDWLRQ RI =7( &25325$7,21 $

$=;6'5 5 ,QVWDOODWLRQ 0DQXDO),*85(  32/(02817 ,167$//$7,21  )L[LQJ EUDFNHW ,QVXODWLRQ ERDUG 6XSSRUWLQJ SDQHO ,QVXODWLRQ ÀDQJH %LJ ÀDW ZDVKHU  6WDQGDUG VSULQJ ZDVKHU  0î +H[DJRQ KHDG EROW 0RXQW WKH =;6'5 5 FDELQHWV RQ WKH VXSSRUWLQJ SDQHOV DQGIDVWHQ WKH FDELQHWV ZLWK 0î KH[DJRQ VRFNHW FDS VFUHZV DVVKRZQ LQ )LJXUH ),*85(  32/(02817 ,167$//$7,21  &RQ¿GHQWLDO DQG 3URSULHWDU\ ,QIRUPDWLRQ RI =7( &25325$7,21$

$&KDSWHU  &DELQHW ,QVWDOODWLRQ7LS7KH VLGH ZLWKRXW ¿[LQJ EUDFNHW FDQ EH ORFDWHG DORQJ WKH ZDOO(1' 2) 67(36,QVWDOOLQJ 7KUHH =;6'5 5&DELQHW RQ 3ROH :LWK :DYH 7UDS&RQWH[W :KLOH LQVWDOOLQJ WKH =;6'5 5 SROHPRXQW LQVWDOODWLRQ ZLWK WZRZDYH WUDSV DGRSW DQFKRU FODPSV )RU WKH SROHPRXQW LQVWDOODWLRQRI WKUHH ZDYH WUDSV DGRSW ¿[LQJ EUDFNHWV6WHSV  )L[ WKH WZR VHWV RI ¿[LQJ EUDFNHWV RQWR WKH SROH DQG DOLJQ WKHKROHV DQG VFUHZ LW D ELW ZLWK EROWV DV VKRZQ LQ )LJXUH ),*85(  32/(02817 ,167$//$7,21  )L[LQJ %UDFNHW 0î KH[DJRQ KHDG EROWIXOO WKUHDG 6WDQGDUG VSULQJ ZDVKHU  )ODW ZDVKHU  ,W\SH FRPPRQ 0 KH[DJRQDO QXW $GMXVW VSDFH EHWZHHQ WKH ¿[LQJ EUDFNHWV EDVHG RQ WKH VFUHZV¶SRVLWLRQ RI LQVXODWLRQ ERDUGV DW WKH EDFN RI VXSSRUWLQJ SDQHOVDV VKRZQ LQ )LJXUH  )L[ WKUHH VXSSRUWLQJ SDQHOV RQ WKH ¿[LQJEUDFNHWV ZLWK 0 EROWV 6FUHZ GRZQ WKH ¿[LQJ EUDFNHWV ZLWK0 EROWV&RQ¿GHQWLDO DQG 3URSULHWDU\ ,QIRUPDWLRQ RI =7( &25325$7,21 $

$=;6'5 5 ,QVWDOODWLRQ 0DQXDO),*85(  32/(02817 ,167$//$7,21  )L[LQJ EUDFNHW ,QVXODWLRQ ERDUG 6XSSRUWLQJ SDQHO ,QVXODWLRQ ÀDQJH %LJ ÀDW ZDVKHU  6WDQGDUG VSULQJ ZDVKHU  0î +H[DJRQ KHDG EROW 5HSHDW WKH 6WHSa6WHS WR LQVWDOO WZR VHWV RI ¿[LQJ EUDFNHWVDQG WKUHH VHWV RI VXSSRUWLQJ SDQHOV DV VKRZQ LQ )LJXUH  &RQ¿GHQWLDO DQG 3URSULHWDU\ ,QIRUPDWLRQ RI =7( &25325$7,21$

$&KDSWHU  &DELQHW ,QVWDOODWLRQ),*85(  32/(02817 ,167$//$7,21  6XSSRUWLQJ SDQHO 0RXQW WKH =;6'5 5 FDELQHWV RQ WKH VXSSRUWLQJ SDQHOV DQGIDVWHQ WKH FDELQHWV ZLWK 0î KH[DJRQ VRFNHW FDS VFUHZV DVVKRZQ LQ )LJXUH &RQ¿GHQWLDO DQG 3URSULHWDU\ ,QIRUPDWLRQ RI =7( &25325$7,21 $

$=;6'5 5 ,QVWDOODWLRQ 0DQXDO),*85(  32/(02817 ,167$//$7,21 7LS7KH VLGH ZLWKRXW ¿[LQJ EUDFNHW FDQ EH ORFDWHG DORQJ WKH ZDOO 0RXQW WKH ZDYH WUDSV RQWR WKH VXSSRUWLQJ SDQHO DQG IDVWHQ LWWR WKH VXSSRUWLQJ SDQHO ZLWK IRXU 0î KH[DJRQ VRFNHW FDSVFUHZV DV VKRZQ LQ )LJXUH  &RQ¿GHQWLDO DQG 3URSULHWDU\ ,QIRUPDWLRQ RI =7( &25325$7,21$

$&KDSWHU  &DELQHW ,QVWDOODWLRQ),*85(  :$9( 75$3 ,167$//$7,21 :DYH WUDS )L[LQJ EHDP 6XSSRUWLQJ SDQHO(1' 2) 67(36([DPSOH $IWHU LQVWDOODWLRQ FRPSOHWHG WKH DSSHDUDQFH LV DV VKRZQ LQ )LJXUH&RQ¿GHQWLDO DQG 3URSULHWDU\ ,QIRUPDWLRQ RI =7( &25325$7,21 $

$=;6'5 5 ,QVWDOODWLRQ 0DQXDO),*85(  ,167$//$7,21 &203/(7,21 3ROH =;6'5 5 :DYH WUDS /LJKWQLQJ %R[ &RQ¿GHQWLDO DQG 3URSULHWDU\ ,QIRUPDWLRQ RI =7( &25325$7,21$

$&KDSWHU  &DELQHW ,QVWDOODWLRQ1RWH,Q )LJXUH  DQ RXWGRRU '& OLJKWQLQJ ER[ RU DQ $& OLJKWQLQJ ER[FDQ EH DGRSWDEOH 7KH DSSOLFDWLRQ DQG LQVWDOODWLRQ IRU ERWK UHIHUWR $SSHQGL[ & DQG $SSHQGL[ (:DOOPRXQWHG ,QVWDOODWLRQ0RGH&RPSRQHQWV 8VHG LQ :DOO0RXQW,QVWDOODWLRQ7KH FRPSRQHQWV XVHG LQ ZDOOPRXQW LQVWDOODWLRQ DUH OLVWHG LQ 7DEOH7$%/( 0$,1 &20321(1761DPH 4XDQWLW\6XSSRUWLQJ SDQHO 'ULOO WHPSODWH 0î H[SDQVLRQ EROW %LJ ZDVKHU  7KH VXSSRUWLQJ SDQHO LV VKRZQ LQ )LJXUH   7KH KROH PDUNLQJGHVLJQ WHPSODWH LV VKRZQ LQ )LJXUH &RQ¿GHQWLDO DQG 3URSULHWDU\ ,QIRUPDWLRQ RI =7( &25325$7,21 $

$=;6'5 5 ,QVWDOODWLRQ 0DQXDO),*85(  6833257,1* 3$1(/1RWH7KH VXSSRUWLQJ SDQHO DV WKH FRPPRQ FRPSRQHQW LQ =;6'5 5LQVWDOODWLRQ LV XVHG LQ WKH ZDOOPRXQW SROHPRXQW DQG JDQWU\PRXQW LQVWDOODWLRQ PRGHV),*85(  +2/( 0$5.,1* '(6,*1 7(03/$7( 81,700 &RQ¿GHQWLDO DQG 3URSULHWDU\ ,QIRUPDWLRQ RI =7( &25325$7,21$

$&KDSWHU  &DELQHW ,QVWDOODWLRQ,QVWDOOLQJ &DELQHW RQ :DOO:DOO0RXQW&RQWH[W )LJXUH  LOOXVWUDWHV WKH VSDFH UHTXLUHPHQW 8QLW PP IRU ZDOOPRXQW LQVWDOODWLRQ),*85(  63$&( 5(48,5(0(17 )25 :$//02817 ,167$//$7,21 81,7006WHSV  )LUVWO\ PDUN WKH KROH SRVLWLRQV RQ WKH ZDOO ZLWK KROH GHVLJQWHPSODWH 'ULOO WKH PDUNHG SRLQWV DERXW  PP ZLWK SHUFXVVLYHGULOO DQG LQVWDOO WKH H[SDQVLRQ EROWV )L[ WKH VXSSRUWLQJ SDQHO RQ WKH ZDOO ZLWK EROWV DV VKRZQ LQ)LJXUH &RQ¿GHQWLDO DQG 3URSULHWDU\ ,QIRUPDWLRQ RI =7( &25325$7,21 $

$=;6'5 5 ,QVWDOODWLRQ 0DQXDO),*85(  6833257,1* 3$1(/ ,167$//$7,21 21 :$// 0î H[SDQVLRQ EROW ,QVXODWLRQ ERDUG 6XSSRUWLQJ SDQHO ,QVXODWLRQ ÀDQJH %LJ ÀDW ZDVKHU  6WDQGDUG VSULQJ PDW  0 QXWO 0RXQW WKH =;6'5 5 FDELQHW RQWR WKH VXSSRUWLQJ SDQHODQG IDVWHQ WKH FDELQHW ZLWK IRXU 0; KH[DJRQ VRFNHW FDSVFUHZV DV VKRZQ LQ )LJXUH  &RQ¿GHQWLDO DQG 3URSULHWDU\ ,QIRUPDWLRQ RI =7( &25325$7,21$

$&KDSWHU  &DELQHW ,QVWDOODWLRQ),*85(  02817,1* &$%,1(7 6XSSRUWLQJ SDQHO 0 VDIHJXDUG VFUHZ 5HWDLQLQJ ERDUG(1' 2) 67(36)ORRU *DQWU\PRXQWHG,QVWDOODWLRQ 0RGH&RPSRQHQWV 8VHG LQ JDQWU\PRXQW,QVWDOODWLRQ7KH FRPSRQHQWV XVHG LQ JDQWU\PRXQW LQVWDOODWLRQ LQFOXGHV DJDQWU\ DQG VXSSRUWLQJ SDQHOV 7KH TXDQWLW\ RI VXSSRUWLQJ SDQHOVLV FRQVLVWHQW ZLWK WKDW RI =;6'5 5V )RU HYHU\ =;6'5 5FDELQHW RQH VXSSRUWLQJ SDQHO LV UHTXLUHG&RQ¿GHQWLDO DQG 3URSULHWDU\ ,QIRUPDWLRQ RI =7( &25325$7,21 $

$=;6'5 5 ,QVWDOODWLRQ 0DQXDO7DEOH  OLVWV VRPH FRPSRQHQWV RI JDQWU\7$%/(  0$,1 &20321(1761DPH 4XDQWLW\*DQWU\ 0; VFUHZ 0; WDSSLQJ VFUHZ 0; H[SDQVLRQ EROW )LJXUH  VKRZV WKH DSSHDUDQFH RI JDQWU\ &RQ¿GHQWLDO DQG 3URSULHWDU\ ,QIRUPDWLRQ RI =7( &25325$7,21$

$&KDSWHU  &DELQHW ,QVWDOODWLRQ),*85(  *$175< $33($5$1&( &RYHU SODWH 8SULJKW FROXPQ 7LOWHG VXSSRUW 0; VFUHZ %DVH SODWH 0; WDSSLQJ VFUHZ 0; H[SDQVLRQ EROW&RQ¿GHQWLDO DQG 3URSULHWDU\ ,QIRUPDWLRQ RI =7( &25325$7,21 $

$=;6'5 5 ,QVWDOODWLRQ 0DQXDO1RWH$GRSW WKH 0; H[SDQVLRQ EROW ZKLOH LQVWDOOLQJ WKH JDQWU\ RQD FRQFUHWH EDVH SODWH DGRSW WKH 0; WDSSLQJ VFUHZ ZKLOH LQVWDOOLQJ WKH JDQWU\ LQVLGH D EXQNHU7DEOH  OLVWV VRPH FRPSRQHQWV RI VXSSRUWLQJ SDQHO7$%/(  0$,1 &20321(1761DPH 4XDQWLW\6XSSRUWLQJ SDQHO 0î H[SDQVLRQ EROW %LJ ZDVKHU  )LJXUH  VKRZV WKH DSSHDUDQFH RI VXSSRUWLQJ SDQHO),*85(  6833257,1* 3$1(/ &RQ¿GHQWLDO DQG 3URSULHWDU\ ,QIRUPDWLRQ RI =7( &25325$7,21$

$&KDSWHU  &DELQHW ,QVWDOODWLRQ1RWH7KH VXSSRUWLQJ SDQHO DV WKH FRPPRQ FRPSRQHQW LQ =;6'5 5LQVWDOODWLRQ LV XVHG LQ WKH ZDOOPRXQW SROHPRXQW DQG JDQWU\PRXQW LQVWDOODWLRQ PRGHV,QVWDOOLQJ &DELQHW RQ *DQWU\ :LWKRXW:DYH 7UDS6WHSV  $VVHPEOH WKH JDQWU\L )L[ WKH XSULJKW FROXPQ XSRQ WKH EDVH SODWH ZLWK WKH 0;VFUHZV DV VKRZQ LQ )LJXUH ),*85(  ),; 835,*+7 &2/801 $1' %$6( 3/$7( 0; VFUHZLL )DVWHQ WKH MXQFWLRQ EHWZHHQ XSULJKW FROXPQ DQG FRYHU SODWHZLWK WKH 0; VFUHZV DV VKRZQ LQ )LJXUH &RQ¿GHQWLDO DQG 3URSULHWDU\ ,QIRUPDWLRQ RI =7( &25325$7,21 $

$=;6'5 5 ,QVWDOODWLRQ 0DQXDO),*85(  )$67(1 835,*+7 &2/801 $1' &29(5 3/$7( 0; VFUHZLLL )DVWHQ WKH WLOWHG VXSSRUW ZLWK WKH 0; VFUHZV DV VKRZQLQ)LJXUH ),*85(  )$67(1 7,/7(' 6833257 0; VFUHZ ,QVWDOO WKH JDQWU\$FFRUGLQJ WR WKH VSHFL¿HG LQVWDOODWLRQ SRVLWLRQ LQ WKH HQJLQHHULQJ GHVLJQ GUDZLQJ GULOO WKH PDUNHG KROHV DQG LQVWDOO WKH H[SDQVLRQ EROWV &RQ¿GHQWLDO DQG 3URSULHWDU\ ,QIRUPDWLRQ RI =7( &25325$7,21$

$&KDSWHU  &DELQHW ,QVWDOODWLRQ1RWH$GRSW WKH 0; H[SDQVLRQ EROW ZKLOH LQVWDOOLQJ WKH JDQWU\RQ D FRQFUHWH EDVH SODWH DGRSW WKH 0; WDSSLQJ VFUHZZKLOH LQVWDOOLQJ WKH JDQWU\ LQVLGH D EXQNHU ,QVWDOO WKH =;6'5 5L )DVWHQ WKH VXSSRUWLQJ SDQHOV RQWR WKH SURSHU SRVLWLRQV RIJDQWU\ ZLWK EROWVLL 0RXQW WKH =;6'5 5 FDELQHWV RQWR WKH VXSSRUWLQJSDQHOV DQG IDVWHQ WKH FDELQHWV ZLWK IRXU 0; KH[DJRQVRFNHW FDS VFUHZV(1' 2) 67(36([DPSOH 7KH DSSHDUDQFH DIWHU LQVWDOODWLRQ FRPSOHWLRQ LV DV VKRZQ LQ)LJXUH&RQ¿GHQWLDO DQG 3URSULHWDU\ ,QIRUPDWLRQ RI =7( &25325$7,21 $

$=;6'5 5 ,QVWDOODWLRQ 0DQXDO),*85(  =;6'5 5,1'225 *$175<02817 ,167$//$7,21$33($5$1&( 21/< 558 ,167$//(',QVWDOOLQJ &DELQHW RQ *DQWU\ :LWK:DYH 7UDS6WHSV  $VVHPEOH WKH JDQWU\ &RQ¿GHQWLDO DQG 3URSULHWDU\ ,QIRUPDWLRQ RI =7( &25325$7,21$

$&KDSWHU  &DELQHW ,QVWDOODWLRQL )L[ WKH XSULJKW FROXPQ XSRQ WKH EDVH SODWH ZLWK WKH 0;VFUHZV DV VKRZQ LQ )LJXUH ),*85(  ),; 835,*+7 &2/801 $1' %$6( 3/$7( 0; VFUHZLL )DVWHQ WKH MXQFWLRQ EHWZHHQ XSULJKW FROXPQ DQG FRYHU SODWHZLWK WKH 0; VFUHZV DV VKRZQ LQ )LJXUH ),*85(  )$67(1 835,*+7 &2/801 $1' &29(5 3/$7( 0; VFUHZ&RQ¿GHQWLDO DQG 3URSULHWDU\ ,QIRUPDWLRQ RI =7( &25325$7,21 $

$=;6'5 5 ,QVWDOODWLRQ 0DQXDOLLL )DVWHQ WKH WLOWHG VXSSRUW ZLWK WKH 0; VFUHZV DV VKRZQLQ)LJXUH ),*85(  )$67(1 7,/7(' 6833257 0; VFUHZ ,QVWDOO WKH JDQWU\$FFRUGLQJ WR WKH VSHFL¿HG LQVWDOODWLRQ SRVLWLRQ LQ WKH HQJLQHHULQJ GHVLJQ GUDZLQJ GULOO WKH PDUNHG KROHV DQG LQVWDOO WKH H[SDQVLRQ EROWV1RWH$GRSW WKH 0; H[SDQVLRQ EROW ZKLOH LQVWDOOLQJ WKH JDQWU\RQ D FRQFUHWH EDVH SODWH DGRSW WKH 0; WDSSLQJ VFUHZZKLOH LQVWDOOLQJ WKH JDQWU\ LQVLGH D EXQNHU ,QVWDOO WKH VXSSRUWLQJ EUDFNHW RI ZDYH WUDS7KH VXSSRUWLQJ EUDFNHW RI ZDYH WUDS LV DV VKRZQ LQ )LJXUH )DVWHQ WKH VXSSRUWLQJ EUDFNHW RQWR WKH JDQWU\ ZLWK 0 EROWVDV VKRZQ LQ )LJXUH  &RQ¿GHQWLDO DQG 3URSULHWDU\ ,QIRUPDWLRQ RI =7( &25325$7,21$

$&KDSWHU  &DELQHW ,QVWDOODWLRQ),*85(  6833257,1* %5$&.(7 0 EROW ,QVXODWLRQ ERDUG 6XSSRUWLQJ EUDFNHW ,QVWDOO WKH =;6'5 5L )DVWHQ WKH VXSSRUWLQJ SDQHOV RQWR WKH SURSHU SRVLWLRQV RIJDQWU\ ZLWK EROWV DV VKRZQ LQ )LJXUH &RQ¿GHQWLDO DQG 3URSULHWDU\ ,QIRUPDWLRQ RI =7( &25325$7,21 $

$=;6'5 5 ,QVWDOODWLRQ 0DQXDO),*85(  6833257,1* %5$&.(7 $1' :$//02817 $66(0%/,(6 *DQWU\ 6XSSRUWLQJ EUDFNHW 6XSSRUWLQJ SDQHO %%8 ZDOOPRXQW IUDPHLL 0RXQW WKH =;6'5 5 FDELQHWV RQWR WKH VXSSRUWLQJSDQHOV DQG IDVWHQ WKH FDELQHWV ZLWK IRXU 0; KH[DJRQVRFNHW FDS VFUHZV DV VKRZQ LQ )LJXUH  &RQ¿GHQWLDO DQG 3URSULHWDU\ ,QIRUPDWLRQ RI =7( &25325$7,21$

$&KDSWHU  &DELQHW ,QVWDOODWLRQ),*85(  =;6'5 5 ,167$//$7,21 ,QVWDOO WKH ZDYH WUDS7KH DSSHDUDQFH RI ZDYH WUDS LV DV VKRZQ LQ )LJXUH  ,QVHUWWKH ZDYH WUDS LQWR WKH VXSSRUWLQJ EUDFNHW DQG IDVWHQ WKHP ZLWK0 EROWV DV VKRZQ LQ )LJXUH &RQ¿GHQWLDO DQG 3URSULHWDU\ ,QIRUPDWLRQ RI =7( &25325$7,21 $

$=;6'5 5 ,QVWDOODWLRQ 0DQXDO),*85(  :$9( 75$3 *XLGH EORFN :DYH WUDS 0 EROW )URQW EDIÀHU &RQ¿GHQWLDO DQG 3URSULHWDU\ ,QIRUPDWLRQ RI =7( &25325$7,21$

$&KDSWHU  &DELQHW ,QVWDOODWLRQ),*85(  :$9( 75$3 ,167$//$7,21(1' 2) 67(36([DPSOH 7KH =;6'5 5 JDQWU\PRXQW LQWHJUDWHG LQVWDOODWLRQ LV FRPSOHWHG 7KH SUR¿OHV DUH DV VKRZQ LQ )LJXUH  DQG )LJXUH &RQ¿GHQWLDO DQG 3URSULHWDU\ ,QIRUPDWLRQ RI =7( &25325$7,21 $

$=;6'5 5 ,QVWDOODWLRQ 0DQXDO),*85(  *$175<02817 ,17(*5$7(' ,167$//$7,21 =;6'5 5 =;6'5 % & *URXQGLQJ FRSSHU EDU *DQWU\ :DYH WUDS &RQ¿GHQWLDO DQG 3URSULHWDU\ ,QIRUPDWLRQ RI =7( &25325$7,21$

$&KDSWHU  &DELQHW ,QVWDOODWLRQ),*85(  *$175<02817 ,17(*5$7(' ,167$//$7,21 6,'(&RQ¿GHQWLDO DQG 3URSULHWDU\ ,QIRUPDWLRQ RI =7( &25325$7,21 $

$=;6'5 5 ,QVWDOODWLRQ 0DQXDO6LPSOLILHG &DELQHW ,QWHJUDWHG,QVWDOODWLRQ 0RGH&RPSRQHQWV 8VHG LQ ,QWHJUDWHG,QVWDOODWLRQ7KH =;6'5 5 IRU LQWHJUDWHG LQVWDOODWLRQ QHHGV WKH IROORZLQJFRPSRQHQWV D VLPSOL¿HG FDELQHW DQ XSSHU ¿[LQJ IUDPH DQG DORZHU ¿[LQJ IUDPH7KH GLPHQVLRQ RI VLPSOL¿HG FDELQHW LV  +î :î 'XQLW PP DV VKRZQ LQ )LJXUH  &RQ¿GHQWLDO DQG 3URSULHWDU\ ,QIRUPDWLRQ RI =7( &25325$7,21$

$&KDSWHU  &DELQHW ,QVWDOODWLRQ),*85(  6,03/,),(' &$%,1(7 $33($5$1&( 0î H[SDQVLRQ EROW7KH XSSHU ¿[LQJ IUDPH LV DV VKRZQ LQ )LJXUH &RQ¿GHQWLDO DQG 3URSULHWDU\ ,QIRUPDWLRQ RI =7( &25325$7,21 $

$=;6'5 5 ,QVWDOODWLRQ 0DQXDO),*85(  833(5 ),;,1* )5$0( 8SSHU ¿[LQJ IUDPH 6XSSRUWLQJ SDQHO 0î SDQ²KHDG VFUHZ 0î SDQ²KHDG VFUHZ7KH XSSHU ¿[LQJ IUDPH LV DV VKRZQ LQ )LJXUH  &RQ¿GHQWLDO DQG 3URSULHWDU\ ,QIRUPDWLRQ RI =7( &25325$7,21$

$&KDSWHU  &DELQHW ,QVWDOODWLRQ),*85(  /2:(5 ),;,1* )5$0( 0î SDQ²KHDG VFUHZ 6XSSRUWLQJ SDQHO  0î SDQ²KHDG VFUHZ /RZHU ¿[LQJ IUDPH 0î SDQ²KHDG VFUHZ 6XSSRUWLQJ SDQHO ,QVWDOOLQJ ,QWHJUDWHG &DELQHW3UHUHTXLVLWHV 8QSDFNLQJ DQG DFFHSWDQFH IRU WKH =;6'5 5 DQG WKH VLPSOL¿HGFDELQHW PHHW UHTXLUHPHQWV6WHSV  ,QVWDOO WKH VLPSOL¿HG FDELQHW$FFRUGLQJ WR DQ LQVWDOODWLRQ SRVLWLRQ LQ WKH HQJLQHHULQJ GHVLJQGUDZLQJ GULOO KROHV RQ WKH LQGRRU ÀRRU 7KH KROH SRVLWLRQV DQGWKH GLPHQVLRQ DUH DV VKRZQ LQ  )DVWHQ WKH FDELQHW RQ WKH ÀRRUZLWK 0î H[SDQVLRQ EROWV&RQ¿GHQWLDO DQG 3URSULHWDU\ ,QIRUPDWLRQ RI =7( &25325$7,21 $

$=;6'5 5 ,QVWDOODWLRQ 0DQXDO),*85(  +2/( 326,7,216 $1' ',0(16,21 ,QVWDOO WKH =;6'5 5VKRZV DOO DVVHPEOLHV IRU =;6'5 5 LQWHJUDWHGFDELQHW LQVWDOODWLRQ &RQ¿GHQWLDO DQG 3URSULHWDU\ ,QIRUPDWLRQ RI =7( &25325$7,21$

$&KDSWHU  &DELQHW ,QVWDOODWLRQ),*85(  =;6'5 5 $66(0%/,(6 8SSHU ¿[LQJ IUDPH /RZHU ¿[LQJ IUDPH =;6'5 5L 5HPRYH WKH ¿[LQJ EHDPV RI =;6'5 57KH =;6'5 5 FDUULHV WZR ¿[LQJ EHDPV XVHG IRU ZDOOPRXQW DQG SROHPRXQW LQVWDOODWLRQV DV VKRZQ LQ  5HPRYHWKH ¿[LQJ EHDPV&RQ¿GHQWLDO DQG 3URSULHWDU\ ,QIRUPDWLRQ RI =7( &25325$7,21 $

$=;6'5 5 ,QVWDOODWLRQ 0DQXDO),*85(  =;6'5 5 ),;,1* %($0 )L[LQJ EHDPLL ,QVWDOO WKH ORZHU ¿[LQJ IUDPH,QVHUW WKH =;6'5 5 WR WKH ORZHU ¿[LQJ IUDPH )DVWHQWKH VXSSRUWLQJ SDQHO  ZLWK WKH =;6'5 5 E\ 0îSDQKHDG VFUHZV DQG IDVWHQ WKH VXSSRUWLQJ  ZLWK =;6'55 E\ 0î SDQKHDG VFUHZV DV VKRZQ LQ  &RQ¿GHQWLDO DQG 3URSULHWDU\ ,QIRUPDWLRQ RI =7( &25325$7,21$

$&KDSWHU  &DELQHW ,QVWDOODWLRQ),*85(  /2:(5 ),;,1* )5$0( ,167$//$7,21 3DQKHDG VFUHZ 0î  3DQKHDG VFUHZ 0îLLL ,QVWDOO WKH XSSHU ¿[LQJ IUDPH,QVHUW WKH =;6'5 5 WR WKH ORZHU ¿[LQJ IUDPH )DVWHQWKH VXSSRUWLQJ SDQHO RI XSSHU ¿[LQJ IUDPH ZLWK WKH =;6'55 E\ 0î SDQKHDG VFUHZV  DV VKRZQ LQ &RQ¿GHQWLDO DQG 3URSULHWDU\ ,QIRUPDWLRQ RI =7( &25325$7,21 $

$=;6'5 5 ,QVWDOODWLRQ 0DQXDO),*85(  =;6'5 5,167$//(' :,7+ 833(5 $1' /2:(5),;,1* )5$0( 0î SDQKHDG VFUHZ ,QVWDOO WKH =;6'5 5 WR WKH VLPSOL¿HG FDELQHW$OLJQ WKH JXLGDQFH FKDQQHO RQ WKH =;6'5 5 LQVWDOOHG ZLWKWKH XSSHU DQG ORZHU ¿[LQJ IUDPHV WR WKH UDLO RQH WKH VLPSOL¿HGFDELQHW 7KHQ VOLGH WKH =;6'5 5 VORZO\ LQWR WKH VLPSOL¿HGFDELQHW DQG IDVWHQ WKHP ZLWK IRXU 0î SDQKHDG VFUHZV DVVKRZQ LQ  &RQ¿GHQWLDO DQG 3URSULHWDU\ ,QIRUPDWLRQ RI =7( &25325$7,21$

$&KDSWHU  &DELQHW ,QVWDOODWLRQ),*85(  =;6'5 5 ,167$//$7,21 72 6,03/,),(' &$%,1(7 0î SDQKHDG VFUHZ ,QVWDOO RWKHU =;6'5 5V5HSHDW WKH 6WHSa6WHS WR LQVWDOO RWKHU =;6'5 5V LQWRWKH VLPSOL¿HG FDELQHW :KHQ VL[ =;6'5 5V DUH LQVWDOOHGFRPSOHWHO\ WKH DSSHDUDQFH LV DV VKRZQ LQ &RQ¿GHQWLDO DQG 3URSULHWDU\ ,QIRUPDWLRQ RI =7( &25325$7,21 $

$=;6'5 5 ,QVWDOODWLRQ 0DQXDO),*85(  =;6'5 5 ,167$//$7,21 &203/(7,21(1' 2) 67(36 &RQ¿GHQWLDO DQG 3URSULHWDU\ ,QIRUPDWLRQ RI =7( &25325$7,21$

$&KDSWHU  &DELQHW ,QVWDOODWLRQ,QVWDOOLQJ 6XQ VKLHOG&RQWH[W 7KH FRPSRQHQWV XVHG IRU LQVWDOOLQJ VXQ VKDGH PXVW EH SUHSDUHGVKRZV WKH VXQ VKDGH WR EH LQVWDOOHG),*85(  681 6+,(/' 6758&785( 6XQ VKLHOG 0 VFUHZ )L[LQJ SRVLWLRQ ZHGJHG RQWR WKHEROW DW WKH VLGH RI WKH FRPPRQ SDUWIRU ZDOO PRXQWLQJ 0 VFUHZ =;6'5 5 FDELQHW6WHSV  $VVHPEOH WKH VXQ VKDGH RQ VLWH DQG ¿[ WKH EUDFNHW WR WKHVKLHOG&RQ¿GHQWLDO DQG 3URSULHWDU\ ,QIRUPDWLRQ RI =7( &25325$7,21 $

$=;6'5 5 ,QVWDOODWLRQ 0DQXDO 8QVFUHZ WKH WZR 0 VFUHZ DW WKH VLGH WRS RI WKH FDELQHW DQGLQVHUW WKH EROWV DW ERWK VLGHV RI WKH ZDOOPRXQWLQJ FRPPRQSDUW WR WKH VXQ VKDGH 6FUHZ WKH WZR 0 VFUHZV DQG IRXU 0 VFUHZV RQ ERWK VLGHV RIWKH FDELQHW DQG WLJKWHQ WKHP(1' 2) 67(36 &RQ¿GHQWLDO DQG 3URSULHWDU\ ,QIRUPDWLRQ RI =7( &25325$7,21$

$& K D S W H U ([WHUQDO &DEOH,QVWDOODWLRQ7DEOH RI &RQWHQWV([WHUQDO &DEOH /D\RXW ([WHUQDO &DEOH ,QVWDOODWLRQ )ORZ,QVWDOOLQJ 3RZHU &DEOH,QVWDOOLQJ *URXQGLQJ &DEOH,QVWDOOLQJ )LEHU EHWZHHQ %%8 DQG 558,QVWDOOLQJ )LEHU EHWZHHQ 558 DQG 558,QVWDOOLQJ (QYLURQPHQW 0RQLWRULQJ &DEOH ,QVWDOOLQJ $,6* &RQWURO &DEOH ,QVWDOOLQJ )UHTXHQF\ 3RLQW ([WHQVLRQ &DEOH,QVWDOOLQJ -XPSHU([WHUQDO &DEOH /D\RXW7KH FRQQHFWLRQ UHODWLRQVKLS RI =;6'5 5 H[WHUQDO FDEOHV LVGHVFULEHG LQ7DEOH 7$%/(  =;6'5 5 (;7(51$/ &$%/( &211(&7,21 5(/$7,216+,31DPH &RQQHFWLRQ5HODWLRQVKLS'HVFULSWLRQ3RZHU FDEOH &RQQHFWV WKH =;6'55SRZHU LQWHUIDFH'& ,1 WR WKH SRZHUVXSSO\ HTXLSPHQWLQWHUIDFH2QH HQG LV WKHDYLDWLRQ SOXJ DQG WKHRWKHU HQG LV UHVHUYHGIRU SRZHU FDEOH PDGHRQ VLWH 7KH OHQJWK RIFDEOH LV EDVHG RQ WKHHQJLQHHULQJ VXUYH\&RQ¿GHQWLDO DQG 3URSULHWDU\ ,QIRUPDWLRQ RI =7( &25325$7,21 $

$=;6'5 5 ,QVWDOODWLRQ 0DQXDO1DPH &RQQHFWLRQ5HODWLRQVKLS'HVFULSWLRQ*URXQGLQJ FDEOH &RQQHFWV RQH =;6'55JURXQG EROW WRWKH FRSSHU EDU7KH JURXQGLQJ FDEOH LVPDGH XS RI VWUDQGV RI ÀDPHUHWDUGDQW ZLUH7KH FURVV VHFWLRQDODUHD RI =;6'5 5JURXQGLQJ FDEOH LV PP  7KHFRORU RI JURXQGLQJFDEOH LV \HOORZ DQGJUHHQ &RSSHU OXJVDUH FULPSHG DW ERWKHQGV RI WKH =;6'55 JURXQGLQJFDEOH2SWLFDO )LEHU 7KHUH DUH WZR W\SHVRI =;6'5 5¿EHU%%8 FRQQHFWLRQ=;6'5 5FDVFDGLQJ7KHUH DUH WZR W\SHV RI=;6'5 5RSWLFDO¿EHU RQH XVHG LQ%%8 FRQQHFWLRQ DQGWKH RWKHU XVHG LQFDVFDGLQJ EHWZHHQ=;6'5 5V(QYLURQPHQWPRQLWRULQJ FDEOH&RQQHFWV WKH =;6'55HQYLURQPHQWPRQLWRULQJ LQWHUIDFH021 WR WKHH[WHUQDO PRQLWRULQJFRPSRQHQWV RU WKHGU\ FRQWDFW$ HQG RI WKHHQYLURQPHQWPRQLWRULQJ FDEOHLV 3,1 GHVLJQ % HQGZLWK P OHQJWK LQWRWDO QHHGV PDNLQJEDVHG RQ WKH RQVLWHHQJLQHHULQJ$,6* FRQWURO FDEOH &RQQHFWV WKH =;6'55GHEXJJLQJLQWHUIDFH $,6*WR WKH FRQWUROLQWHUIDFH RIHOHFWULFDODGMXVWPHQWDQWHQQD$,6* LV XVHG IRUFRQWURO RI WKHHOHFWULFDODGMXVWPHQWDQWHQQD)UHTXHQF\ SRLQWH[WHQVLRQ FDEOH,QWHUFRQQHFWVWKH=;6'5 55;LQ5;RXWLQWHUIDFHV7KH IUHTXHQF\ SRLQWH[WHQVLRQ FDEOHXVXDOO\ DGRSWV WKH¿QLVKHG ļ MXPSHUZLWK P OHQJWK7KH MXPSHU FDQ EHVHOIPDGH EDVHGRQ WKH UHDOWLPHFRQGLWLRQ RQ VLWH$ DQG % HQGVRI MXPSHU DUH 1FRQQHFWRUV PDOH$QWHQQD IHHGHU DQGMXPSHU&RQQHFWV WKH =;6'55 WR WKH PDLQIHHGHU7KH 5) MXPSHU XVXDOO\DGRSWV WKH ¿QLVKHGļMXPSHU ZLWK POHQJWK 7KH MXPSHUFDQ EH VHOIPDGHEDVHG RQ WKH UHDOWLPHFRQGLWLRQ RQ VLWH7KH HQG RI MXPSHU LV 1FRQQHFWRU PDOH DQGWKH RWKHU HQG LV ',1FRQQHFWRU IHPDOH &RQ¿GHQWLDO DQG 3URSULHWDU\ ,QIRUPDWLRQ RI =7( &25325$7,21$

$&KDSWHU  ([WHUQDO &DEOH ,QVWDOODWLRQ([WHUQDO &DEOH ,QVWDOODWLRQ)ORZ)LJXUH  OLVWV WKH LQVWDOODWLRQ ÀRZ RI H[WHUQDO FDEOH 7KLV ÀRZ FDQEH DGMXVWHG EDVHG RQ WKH UHDOWLPH FRQGLWLRQ),*85(  (;7(51$/ &$%/( ,167$//$7,21 )/2:&RQ¿GHQWLDO DQG 3URSULHWDU\ ,QIRUPDWLRQ RI =7( &25325$7,21 $

$=;6'5 5 ,QVWDOODWLRQ 0DQXDO,QVWDOOLQJ 3RZHU &DEOH&RQWH[W 7KH =;6'5 5 FDELQHW DGRSWV  9 '& IRU SRZHU VXSSO\ (QG$ LV WKH DYLDWLRQ SOXJ DQG (QG % LV UHVHUYHG IRU VHOIPDGH SRZHUFDEOH RQ VLWH 7KH OHQJWK RI SRZHU FDEOH LV DFFRUGLQJ WR WKH HQJLQHHULQJ VXUYH\=;6'5 5 )LJXUH  VKRZV WKH VWUXFWXUH RI SRZHU FDEOH),*85(  32:(5 &$%/( 6758&785(7DEOH  GHVFULEHV WKH FRORUV DQG VSHFL¿FDWLRQV RI LQVLGH FRUH FDEOH7$%/(  &2/25 $1' 63(&,),&$7,21&RORU 6SHFL¿FDWLRQ%OXH 9%ODFN 9 *1'1RWH ,I WKH WZRFRUH FDEOH LV DGRSWHG WKH EOXH FRUH FDEOH VWDQGVIRU  9 DQG WKH EODFN FRUH FDEOH VWDQGV IRU  9 *1' ,I WKH IRXUFRUH FDEOH LV DGRSWHG WKH WZR EOXH FRUH FDEOHVFRQQHFWHG LQ SDUDOOHO VWDQG IRU  9 DQG WKH EODFN FRUH FDEOHVFRQQHFWHG LQ SDUDOOHO VWDQG IRU  9 *1'6WHSV  &RQQHFW (QG $ RI SRZHU FDEOH ZLWK '& ,1 LQWHUIDFH ORFDWHG DWWKH ERWWRP RI =;6'5 5 6WULS WKH SURWHFWLYH FRDW RI (QG % DQG FRQQHFW LW ZLWK WKH '&LQSXW SRZHU VRXUFH DFFRUGLQJ WR FRORUV RI WKH LQVLGH FRUH FDEOH 0DNH ZDWHUSURRI SURWHFWLRQ RI (QG % $WWDFK ODEHOV DW ERWK HQGV RI WKH SRZHU FDEOH )L[ WKH SRZHU FDEOH(1' 2) 67(36 &RQ¿GHQWLDO DQG 3URSULHWDU\ ,QIRUPDWLRQ RI =7( &25325$7,21$

$&KDSWHU  ([WHUQDO &DEOH ,QVWDOODWLRQ,QVWDOOLQJ *URXQGLQJ &DEOH&RQWH[W 7KH JURXQGLQJ FDEOH LV PDGH XS RI VWUDQGV RI ÀDPHUHWDUGDQW ZLUH7KH FURVV VHFWLRQDO DUHD RI =;6'5 5 JURXQGLQJ FDEOH LV PP  7KH FRORU RI JURXQGLQJ FDEOH LV \HOORZ DQG JUHHQ &RSSHUOXJV DUH FULPSHG DW ERWK HQGV RI WKH =;6'5 5 JURXQGLQJ FDEOH DV VKRZQ LQ )LJXUH ),*85(  *5281',1* &$%/( 6758&785(6WHSV  &RYHU DQG ¿[ D FRSSHU OXJ RQ WKH D JURXQGLQJ EROW RI WKH=;6'5 5 FDELQHW DV VKRZQ LQ )LJXUH ),*85(  =;6'5 5 *5281',1* %2/7 *URXQGLQJ EROW&RQ¿GHQWLDO DQG 3URSULHWDU\ ,QIRUPDWLRQ RI =7( &25325$7,21 $

$=;6'5 5 ,QVWDOODWLRQ 0DQXDO &RQQHFW WKH RWKHU FRSSHU OXJ WR WKH HDUWKQHWZRUNLQJ FRSSHUEDU DQG ¿[ LW ZLWK D EROW DV VKRZQ LQ )LJXUH ),*85(  ($57+1(7:25. &233(5 %$5 81,700 $WWDFK WKH ODEHO RQ WKH JURXQGLQJ FDEOH 0HDVXUH WKH JURXQGLQJ UHVLVWDQFH DQG PDNH VXUH LW OHVV WKDQƻ(1' 2) 67(36,QVWDOOLQJ )LEHU EHWZHHQ%%8 DQG 5583UHUHTXLVLWHV 7KH =;6'5 5 FDELQHW PXVW EH LQVWDOOHG DQG ¿[HG VXFFHVVIXOO\&RQWH[W )LJXUH  VKRZV ¿EHU FRQQHFWLRQ EHWZHHQ =;6'5 5 DQG %%8),*85(  ),%(5 &211(&7,21 %(7:((1 =;6'5 5 $1' %%8 2XWGRRU 6HDO &RPSRQHQW:KLOH FRQQHFWLQJ D %%8 WR =;6'5 5 PDNH VXUH WKDW WKH EDVHEDQG 5) ¿EHU LQWHUIDFH /& RI WKH =;6'5 5 LV FRQQHFWHGWR WKH RSWLFDO LQWHUIDFH FRQQHFWRU RI WKH %%8 &RQ¿GHQWLDO DQG 3URSULHWDU\ ,QIRUPDWLRQ RI =7( &25325$7,21$

$&KDSWHU  ([WHUQDO &DEOH ,QVWDOODWLRQ6WHSV  $WWDFK ODEHOV DW ERWK HQGV RI WKH ¿EHU $GMXVW WKH VLGH RI (QG $ ZLWK WKH FRORU PDUN DQG LQVHUW WKH=;6'5 5 ¿EHU LQWHUIDFH DQG VFUHZ GRZQ WKH QXWV DVVKRZQ LQ )LJXUH ),*85(  237,&$/ ),%(5 ,167$//$7,21 &RORU PDUN &RQQHFW (QG $ RI WKH ¿EHU WR WKH EDVH EDQG 5) ¿EHU LQWHUIDFH/& RI WKH =;6'5 5 &RQQHFW (QG % RI WKH ¿EHU ZKLFK LV D '/& FRQQHFWRU WR WKH%%8 RSWLFDO FRQQHFWRU 6FUHZ GRZQ WKH RXWGRRU VHDO FRPSRQHQW DW (QG $ IRU ZDWHUSURR¿QJ(1' 2) 67(36,QVWDOOLQJ )LEHU EHWZHHQ558 DQG 5583UHUHTXLVLWHV 7KH FDVFDGLQJ =;6'5 5 FDELQHWV PXVW EH LQVWDOOHG DQG ¿[HGVXFFHVVIXOO\&RQWH[W )LJXUH  VKRZV ¿EHU FRQQHFWLRQ EHWZHHQ =;6'5 5V&RQ¿GHQWLDO DQG 3URSULHWDU\ ,QIRUPDWLRQ RI =7( &25325$7,21 $

$=;6'5 5 ,QVWDOODWLRQ 0DQXDO),*85(  ),%(5 &211(&7,21 %(7:((1 =;6'5 56 2XWGRRU 6HDO &RPSRQHQW:KLOH LQWHUFRQQHFWLQJ WKH =;6'5 5V PDNH VXUH WKDW WKH WZREDVHEDQG 5) ¿EHU LQWHUIDFHV /& RI WKH =;6'5 5 DUH FRQQHFWHG6WHSV  $WWDFK ODEHOV DW ERWK HQGV RI WKH RSWLFDO ¿EHU $GMXVW WKH VLGH RI (QG $ ZLWK WKH FRORU PDUN DQG LQVHUW WKH=;6'5 5 ¿EHU LQWHUIDFH DQG VFUHZ GRZQ WKH QXWV DVVKRZQ LQ )LJXUH ),*85(  237,&$/ ),%(5 ,167$//$7,21 &RORU PDUN &RQQHFW (QG $ RI WKH RSWLFDO ¿EHU WR WKH EDVH EDQG 5) ¿EHULQWHUIDFH /& RI WKH =;6'5 5 &RQQHFW (QG % RI WKH RSWLFDO ¿EHU WR WKH RWKHU EDVH EDQG 5)¿EHU LQWHUIDFH /& RI WKH =;6'5 5 &RQ¿GHQWLDO DQG 3URSULHWDU\ ,QIRUPDWLRQ RI =7( &25325$7,21$

$&KDSWHU  ([WHUQDO &DEOH ,QVWDOODWLRQ 6FUHZ GRZQ WKH RXWGRRU VHDO FRPSRQHQW DW (QG $ IRU ZDWHUSURR¿QJ(1' 2) 67(36,QVWDOOLQJ (QYLURQPHQW0RQLWRULQJ &DEOH3UHUHTXLVLWHV 7KH =;6'5 5 FDELQHW PXVW EH LQVWDOOHG DQG ¿[HG VXFFHVVIXOO\&RQWH[W 7KH HQYLURQPHQW PRQLWRULQJ FDEOH SURYLGHV D  LQWHUIDFH XVHGIRU =;6'5 5 HQYLURQPHQW PRQLWRULQJ ,Q DGGLWLRQ WKH FDEOH DOVR SURYLGHV IRXU H[WHQVLRQ DFFHVVHV IRU H[WHUQDO GU\ FRQWDFWPRQLWRULQJ(QG $ LV WKH  3,1 FRQQHFWRU DQG (QG % LV PDGH E\ RQVLWH HQJLQHHULQJ 7KH WRWDO OHQJWK LV P )LJXUH  VKRZV WKH DSSHDUDQFHRI HQYLURQPHQW PRQLWRULQJ FDEOH),*85(  (19,5210(17 021,725,1* &$%/(7KH FRQQHFWRU FRQQHFWLQJ WKH HQYLURQPHQW PRQLWRULQJ FDEOH WRWKH =;6'5 5 DGRSWV ±FRUH DYLDWLRQ MDFN 7KH FRQQHFWRUDFFRUGV ZLWK WKH *-% VSHFL¿FDWLRQ 7KH FRQQHFWRU DSSHDUDQFHLV DV VKRZQ LQ )LJXUH ),*85(  $9,$7,21 -$&. $33($5$1&(7DEOH  GHVFULEHV WKH FRQQHFWRU SLQV&RQ¿GHQWLDO DQG 3URSULHWDU\ ,QIRUPDWLRQ RI =7( &25325$7,21 $

$=;6'5 5 ,QVWDOODWLRQ 0DQXDO7$%/(  &$%/( 3,1 '(6&5,37,213LQ &RUH&DEOH &RORU 6LJQDO 'HVFULSWLRQ :KLWH DQG EOXHEOXH 'U\ FRQWDFW   :KLWH DQGRUDQJHRUDQJH'U\ FRQWDFW   :KLWH DQGJUHHQJUHHQ'U\ FRQWDFW   :KLWH DQGEURZQEURZQ'U\ FRQWDFW   5HG DQG EOXHEOXH 56 UHFHLYH 5HG DQGRUDQJHRUDQJH56 WUDQVPLW6WHSV  &RQQHFW (QG $ WR WKH 021 LQWHUIDFH ORFDWHG DW WKH ERWWRP RI=;6'5 5 &RQQHFW (QG % ZLWK H[WHUQDO PRQLWRULQJ GHYLFHV RU GU\ FRQWDFWV $WWDFK WKH ODEHO DW (QG %(1' 2) 67(36,QVWDOOLQJ $,6* &RQWURO&DEOH&RQWH[W 7KH $,6* FRQWURO FDEOH LV XVHG IRU FRQWURO RI WKH HOHFWULFDO DGMXVWPHQW DQWHQQD)LJXUH  VKRZV WKH VWUXFWXUH RI WKH $,6* FRQWURO FDEOH),*85(  $,6* &21752/ &$%/( 6758&785( &RQ¿GHQWLDO DQG 3URSULHWDU\ ,QIRUPDWLRQ RI =7( &25325$7,21$

$&KDSWHU  ([WHUQDO &DEOH ,QVWDOODWLRQ7DEOH  GHVFULEHV WKH VHULDO 1R PHDQLQJ RI $,6* FRQWURO FDEOH7$%/(  $,6* &21752/ &$%/( '(6&5,37,216HULDO 1R 1DPH 0HDQLQJ75;B$17BB 56 75;B$17BB 56 75;B$17B9 9 75;B$17B9*1' 9*1' 1& 1XOO6WHSV  &RQQHFW (QG $ WR WKH =;6'5 5 GHEXJJLQJ LQWHUIDFH$,6* DQG VFUHZ GRZQ WKH EROW &RQQHFW (QG % WR WKH FRQWURO LQWHUIDFH RI HOHFWULFDO DGMXVWPHQWDQWHQQD DQG VFUHZ GRZQ WKH EROW(1' 2) 67(36,QVWDOOLQJ )UHTXHQF\ 3RLQW([WHQVLRQ &DEOH3UHUHTXLVLWHV 7KH WZR =;6'5 5 FDELQHWV WR EH FRPELQHG PXVW EH LQVWDOOHGDQG ¿[HG VXFFHVVIXOO\&RQWH[W $IWHU WKH FRPELQDWLRQ RI FDELQHWV WKH =;6'5 5 FDQ VXSSRUW FDUULHU VHFWRUV DW PRVW7KH WZR =;6'5 5 FDELQHWV DUH FRQQHFWHG WKURXJK WKHLU FRQQHFWLQJ LQWHUIDFHV VXFK DV 5;LQ DQG 5;RXW E\ WZR IUHTXHQF\ SRLQWH[WHQVLRQ FDEOHV )LJXUH  VKRZV WKH VWUXFWXUH RI WKH IUHTXHQF\SRLQW FDEOH (QG $ DQG (QG % DUH 1 FRQQHFWRUV PDOH7KH 0 ļ MXPSHU LV RIWHQ XVHG IRU WKH IUHTXHQF\ SRLQW H[WHQVLRQFDEOH ,W PD\ EH SUHSDUHG RQ VLWH LI QHFHVVDU\),*85(  )5(48(1&< 32,17 (;7(16,21 &$%/(6WHSV  &RQQHFW (QG $ RI WKH IUHTXHQF\ SRLQW H[WHQVLRQ FDEOH WR WKHIUHTXHQF\ SRLQW H[WHQVLRQ LQWHUIDFH 5;,1 RI RQH=;6'5 5 &RQQHFW (QG % WR 5;RXW RI WKH RWKHU =;6'5 5&RQ¿GHQWLDO DQG 3URSULHWDU\ ,QIRUPDWLRQ RI =7( &25325$7,21 $

$=;6'5 5 ,QVWDOODWLRQ 0DQXDO &RQQHFW WKH UHPDLQLQJ 5;LQ5;RXW LQWHUIDFHV RI WKH WZR FRPELQHG FDELQHWV ZLWK WKH RWKHU IUHTXHQF\ SRLQW H[WHQVLRQ FDEOH(1' 2) 67(36,QVWDOOLQJ -XPSHU&RQWH[W 2QH HQG RI 5) MXPSHU FRQQHFWV ZLWK WKH PDLQ IHHGHU DQG WKH RWKHUHQG FRQQHFWV ZLWK WKH DQWHQQD IHHGHU LQWHUIDFH RI =;6'5 5FDELQHW %HIRUH LQVWDOOLQJ WKH 5) MXPSHU WKH PDLQ IHHGHU LV LQVWDOOHG7KH 5) MXPSHU DGRSWV WKH ļ MXPSHU ZLWK D P OHQJWK 7KHMXPSHU FDQ DOVR EH VHOIPDGH DFFRUGLQJ WR WKH RQVLWH FRQGLWLRQ7KH LQVWDOODWLRQ SRVLWLRQ RI 5) MXPSHU LV DV VKRZQ LQ )LJXUH ),*85(  5) -803(5 ,167$//$7,213HUIRUP WKH IROORZLQJ VWHSV WR LQVWDOO WKH 5) MXPSHU6WHSV  &RQQHFW WKH ',1 FRQQHFWRU PDOH RI 5) MXPSHU ZLWK WKH ',1FRQQHFWRU IHPDOH RI PDLQ IHHGHU &RQQHFW WKH ',1 FRQQHFWRU PDOH RI 5) MXPSHU ZLWK WKH ',1FRQQHFWRU IHPDOH RI =;6'5 5 FDELQHW 6HDO WKH FRQQHFWRUV ZLWK ZDWHUSURRI DGKHVLYH WDSHV DQG 39&WDSHV(1' 2) 67(36 &RQ¿GHQWLDO DQG 3URSULHWDU\ ,QIRUPDWLRQ RI =7( &25325$7,21$

$& K D S W H U 0DLQ $QWHQQD )HHGHU6\VWHP ,QVWDOODWLRQ7DEOH RI &RQWHQWV0DLQ $QWHQQD )HHGHU 6\VWHP 6WUXFWXUH 0DLQ $QWHQQD )HHGHU 6\VWHP ,QVWDOODWLRQ 3UHSDUDWLRQ0DLQ $QWHQQD )HHGHU 6\VWHP ,QVWDOODWLRQ )ORZ $QWHQQD ,QVWDOODWLRQ)HHGHU ,QVWDOODWLRQ ,QVWDOOLQJ )HHGHU +HUPHWLFZLQGRZ  )HHGHU ,QGRRU ,QJRLQJ 3HUIRUPLQJ $QWHQQD )HHGHU 6\VWHP 7HVW  3HUIRUPLQJ 2XWGRRU&RQQHFWRU :DWHUSURRI 3URFHVVLQJ  3HUIRUPLQJ )HHGHU +HUPHWLFZLQGRZ :DWHUSURRI 3URFHVVLQJ  &DELQHW -XPSHU ,QVWDOODWLRQ 'HVFULSWLRQ  96:5 7HVW 0DLQ $QWHQQD )HHGHU6\VWHP 6WUXFWXUH7KH W\SLFDO FRQ¿JXUDWLRQV IRU =;6'5 5 PDLQ DQWHQQD IHHGHUV\VWHP GHVFULEHG EHORZ LQFOXGHV=;6'5 5 FRQ¿JXUDWLRQ ZLWK FRPPRQ DQWHQQD=;6'5 5 FRQ¿JXUDWLRQ ZLWK FRPPRQ DQWHQQD $,6* GXDOSRZHU DPSOL¿HU=;6'5 5 FRQ¿JXUDWLRQ ZLWK HOHFWURQLF DGMXVWPHQW DQWHQQD=;6'5 5 FRQ¿JXUDWLRQ ZLWK HOHFWURQLF DGMXVWPHQW DQWHQQD=;6'5 5 FRQ¿JXUDWLRQ ZLWK HOHFWURQLF DGMXVWPHQW DQWHQQD $,6* GXDO SRZHU DPSOL¿HU=;6'5 5FRQ¿JXUDWLRQ ZLWKFRPPRQ DQWHQQD,Q WKLV FRQ¿JXUDWLRQ JHQHUDOO\ =;6'5 5 LQVWDOODWLRQ SRVLWLRQLV QHDU DQWHQQD DQG WKH\ DUH DOO LQVWDOOHG RQ WKH EXLOGLQJ WRS=;6'5 5 LV FRQQHFWHG WR WKH DQWHQQD E\ ļIHHGHU GLUHFWO\RFFDVLRQDOO\ ļRU ļIHHGHU LV DGRSWHG DV VKRZQ LQ)LJXUH &RQ¿GHQWLDO DQG 3URSULHWDU\ ,QIRUPDWLRQ RI =7( &25325$7,21 $

$=;6'5 5 ,QVWDOODWLRQ 0DQXDO),*85(  =;6'5 5 &21),*85(' :,7+ &20021 $17(11$=;6'5 5FRQ¿JXUDWLRQ ZLWKFRPPRQ DQWHQQD,Q WKLV FRQ¿JXUDWLRQ JHQHUDOO\ =;6'5 5 LV LQVWDOOHG RQ WKHWRZHU =;6'5 5 LV FRQQHFWHG WR WKH DQWHQQD E\ ļRUļIHHGHU DV VKRZQ LQ )LJXUH  &RQ¿GHQWLDO DQG 3URSULHWDU\ ,QIRUPDWLRQ RI =7( &25325$7,21$

$&KDSWHU  0DLQ $QWHQQD )HHGHU 6\VWHP ,QVWDOODWLRQ$,6* GXDO SRZHUDPSOL¿HU ),*85(  =;6'5 5 &21),*85$7,21 :,7+ &20021 $17(11$$,6* '8$/ 32:(5 $03/,),(5&RQ¿GHQWLDO DQG 3URSULHWDU\ ,QIRUPDWLRQ RI =7( &25325$7,21 $

$=;6'5 5 ,QVWDOODWLRQ 0DQXDO=;6'5 5FRQ¿JXUDWLRQZLWK HOHFWURQLFDGMXVWPHQWDQWHQQD ,Q WKLV FRQ¿JXUDWLRQ JHQHUDOO\ =;6'5 5 LQVWDOOHG QHDU WKHDQWHQQD RQ WKH EXLOGLQJ WRS =;6'5 5 LV FRQQHFWHG WR WKHDQWHQQD E\ ļIHHGHU GLUHFWO\ RFFDVLRQDOO\ ļRU ļIHHGHU LVDGRSWHG DV VKRZQ LQ )LJXUH ),*85(  =;6'5 5 &21),*85$7,21 :,7+ (/(&7521,&$'-8670(17 $17(11$ =;6'5 5FRQ¿JXUDWLRQZLWK HOHFWURQLF,Q WKLV FRQ¿JXUDWLRQ JHQHUDOO\ =;6'5 5LV LQVWDOOHG QHDU WKHWRS RI WKH WRZHU =;6'5 5 LV FRQQHFWHG WR WKH DQWHQQD E\ļRU ļIHHGHU LV DGRSWHG DV VKRZQ LQ )LJXUH  &RQ¿GHQWLDO DQG 3URSULHWDU\ ,QIRUPDWLRQ RI =7( &25325$7,21$

$&KDSWHU  0DLQ $QWHQQD )HHGHU 6\VWHP ,QVWDOODWLRQDGMXVWPHQWDQWHQQD  ),*85(  =;6'5 5 &21),*85$7,21 :,7+ (/(&7521,&$'-8670(17 $17(11$ &RQ¿GHQWLDO DQG 3URSULHWDU\ ,QIRUPDWLRQ RI =7( &25325$7,21 $

$=;6'5 5 ,QVWDOODWLRQ 0DQXDO=;6'5 5FRQ¿JXUDWLRQZLWK HOHFWURQLFDGMXVWPHQWDQWHQQD  $,6*GXDO SRZHUDPSOL¿HU,Q WKLV FRQ¿JXUDWLRQ JHQHUDOO\ =;6'5 5LV LQVWDOOHG QHDU WKHWRS RI WKH WRZHU =;6'5 5 LV FRQQHFWHG WR WKH DQWHQQD E\ļRU ļIHHGHU LV DGRSWHG DV VKRZQ LQ )LJXUH ),*85(  =;6'5 5 &21),*85$7,21 :,7+ (/(&7521,&$'-8670(17 $17(11$ $,6* '8$/ 32:(5 $03/,),(5 &RQ¿GHQWLDO DQG 3URSULHWDU\ ,QIRUPDWLRQ RI =7( &25325$7,21$

$&KDSWHU  0DLQ $QWHQQD )HHGHU 6\VWHP ,QVWDOODWLRQ0DLQ $QWHQQD )HHGHU6\VWHP ,QVWDOODWLRQ3UHSDUDWLRQ3URSHU DQWHQQD LQVWDOODWLRQ LV YHU\ LPSRUWDQW WR =;6'5 5 V\VWHP UHOLDEOH RSHUDWLRQ %HIRUH LQVWDOODWLRQ PDNH VXUH WKDW LQVWDOODWLRQ VWDII LV TXDOL¿HG DQG WKH IROORZLQJ UHTXLUHPHQWV DUH VDWLV¿HG3HUVRQQHO5HTXLUHPHQW1RUPDOO\ VXSHUYLVRUV DUH LQ FKDUJH RI GLUHFWLRQ DQG VXSHUYLVLRQZKHUHDV LQVWDOODWLRQ SHUVRQQHO FDUU\ RXW WKH LQVWDOODWLRQ,QVWDOODWLRQ 6XSHUYLVRU7KH UHTXLUHPHQWV IRU WKH LQVWDOODWLRQ VXSHUYLVRU DUH DV IROORZVf)DPLOLDU ZLWK DOO PDWHULDOV WRROV DQG RSHUDWLRQ PHWKRGVf,Q FKDUJH RI DVVLJQLQJ GLIIHUHQW ZRUN WR WKH SURSHU HPSOR\HH ZKR LV JRRG DW WKH RSHUDWLRQ HVSHFLDOO\ ZKLOH ZRUNLQJ RQ WKH LURQ WRZHU1RWH6DIHW\ LV WKH PRVW LPSRUWDQW FRQVLGHUDWLRQ ZKHQ DVVLJQLQJZRUN,QVWDOODWLRQ 3HUVRQQHO7KH UHTXLUHPHQWV IRU WKH LQVWDOODWLRQ SHUVRQQHO DUH DV IROORZVf,QVWDOODWLRQ HPSOR\HHV DUH UHTXLUHG WR LQVWDOO DQWHQQD V\VWHP VNLOOIXOO\ XQGHU WKH GLUHFWLRQ RI VXSHUYLVRUf(PSOR\HHV RQ WRZHU PXVW EH TXDOL¿HG DQG LQ JRRG SK\VLFDOVWDWHf,QVWDOODWLRQ DIWHU GULQNLQJ LV IRUELGGHQ(QYLURQPHQW5HTXLUHPHQW3D\ DWWHQWLRQ WR IROORZLQJ LWHPV DQG FKHFN ZKHWKHU WKHVH LWHPVDFFRUG ZLWK UHTXLUHPHQWV LQ HQJLQHHULQJ GHVLJQ/LJKWQLQJ SURWHFWLRQ DQG JURXQGLQJ=;6'5 5 LV XVXDOO\ ORFDWHG RXWGRRUV 7KH JURXQGLQJVWDNH DQG RXWGRRU OLJKWQLQJ SURWHFWLQJ JURXQGLQJ FDEOHV DUHLQVWDOOHG E\ WKH RSHUDWRU DQG WKH VXSHUYLVRU VKRXOG FRQ¿UPOLJKWQLQJSURWHFWLQJ JURXQGLQJ FDEOHV DUH LQVWDOOHG SURSHUO\3ROH DQG VXSSRUWLQJ UDFN$FFRPSOLVK LQVWDOODWLRQ RI DQWHQQD VXSSRUWLQJ UDFN DQG SROHDFFRUGLQJ WR SURMHFW GHVLJQ UHTXLUHPHQW 7KH VWDELOLW\ RI WKHVXSSRUWLQJ UDFN DQG SROH VKRXOG EH LQ DFFRUGDQFH ZLWK WKH GHVLJQ UHTXLUHPHQW)HHGHU OD\RXW)LHOG HQJLQHHU QHHG WR FRQVXOW ZLWK RSHUDWRU HQJLQHHUV DQGGHWHUPLQH WKH URXWH RI IHHGHU(OHFWURQLF SRZHU HQYLURQPHQW&RQ¿GHQWLDO DQG 3URSULHWDU\ ,QIRUPDWLRQ RI =7( &25325$7,21 $

$=;6'5 5 ,QVWDOODWLRQ 0DQXDO=;6'5 5 DQWHQQD DQG IHHGHU V\VWHP FDQ QRW EH LQVWDOOHGWRR QHDU WR SXEOLF HOHFWULF SRZHU FDEOHV6DIHW\3UHFDXWLRQV(QVXUH WKH IROORZLQJ SUHFDXWLRQV EHIRUH DQWHQQD LQVWDOODWLRQ7DNH QHFHVVDU\ PHDVXUHV IRU SHUVRQDO DQG HTXLSPHQW VDIHW\3HUVRQQHO XQGHU WRZHU PXVW ZHDU VDIHW\ KHOPHWV3HUVRQQHO RQ WRZHU PXVW ZHDU VDIHW\ EHOW1HYHU FOLPE WRZHU ZLWK ORRVH FORWKHV DQG ZHWVOLSSHU\ VKRHV'XULQJ DFWLYH DQWHQQD DGMXVWPHQW ZHDU UDGLDWLRQVKLHOGLQJFORWKLQJ DQG WXUQ RII SRZHU DPSOL¿HU WR DYRLG UDGLDWLRQ HIIHFWV,I SRVVLEOH LQVWDOO LQ VXQQ\ DQG ZLQGOHVV GD\V ,QVWDOODWLRQ LVIRUELGGHQ LQ UDLQ VWURQJ ZLQG WKXQGHU DQG OLJKWQLQJ0DNH FDXWLRQ EUDQG LQ HQJLQHHULQJ ¿HOG DQG NHHS SDVVHUE\DZD\ IURP HQJLQHHULQJ ¿HOG HVSHFLDOO\ NLGV:KHQ ZRUNLQJ RQ WRZHU SXW XQXVHG WRROV LQ D WRRO EDJ DQGSUHYHQW WKHP IURP GURSSLQJ GRZQ IURP WRZHU WR KXUW SHRSOH7RROV 5HTXLUHPHQW7KH IROORZLQJ WRROV DUH UHTXLUHG IRU PDLQ DQWHQQD IHHGHU V\VWHPLQVWDOODWLRQ0HDVXUH WRROV&RPSDVV PXOWLPHWHU DQJOH PHWHU DQG WDSH PHDVXUH6SHFLDO WRROV6SHFLDO WRROV DQG LQVWUXPHQWV IRU PDLQ IHHGHU FRQQHFWRU PDNLQJ DQG WHVW5HJXODU WRROV$GMXVWDEOH ZUHQFK VKDUSQRVH SOLHUV GLDJRQDO SOLHUV KDFNVDZZLWK VHYHUDO VDZ EODGHV3URWHFWLRQ WRROV6DIHW\ KHOPHW VDIHW\ EHOW VDIHW\ URSH JORYHV UDGLDWLRQVKLHOGLQJ FORWKHV PXOWLSOH SRZHU VRFNHW DQG VHDOHGFDQYDV WRRO EDJ2WKHU WRROV7RROV IRU OLIWLQJ HJ /DGGHU0DLQ $QWHQQD )HHGHU6\VWHP ,QVWDOODWLRQ )ORZ)LJXUH  VKRZV WKH LQVWDOODWLRQ ÀRZ RI PDLQ DQWHQQD IHHGHU V\VWHP &RQ¿GHQWLDO DQG 3URSULHWDU\ ,QIRUPDWLRQ RI =7( &25325$7,21$

$&KDSWHU  0DLQ $QWHQQD )HHGHU 6\VWHP ,QVWDOODWLRQ),*85(  0$,1 $17(11$ )(('(5 6<67(0 ,167$//$7,21 )/2:$QWHQQD ,QVWDOODWLRQ$QWHQQD ,QVWDOODWLRQ 7HFKQLFDO6SHFLILFDWLRQV7KH DQWHQQD WHFKQLFDO VSHFL¿FDWLRQV DQG WKHLU GHVFULSWLRQ LV JLYHQEHORZ$QWHQQD KHLJKW7KH LQVWDOODWLRQ KHLJKW RI DQWHQQD LV GHWHUPLQHG E\ QHWZRUNSODQQLQJ GHVLJQ$QWHQQD D]LPXWK7KH D]LPXWK RI WKH DQWHQQD LV GHWHUPLQHG E\ QHWZRUN SODQQLQJGHVLJQ$QWHQQD GRZQWLOW7KH GRZQWLOW DQJOH RI WKH DQWHQQD LV GHWHUPLQHG E\ QHWZRUNSODQQLQJ GHVLJQ 8VXDOO\ WKH GRZQ WLOW DQJOH LV  a $QWHQQD GLUHFWLRQ&RQ¿GHQWLDO DQG 3URSULHWDU\ ,QIRUPDWLRQ RI =7( &25325$7,21 $

$=;6'5 5 ,QVWDOODWLRQ 0DQXDO$QWHQQD GLUHFWLRQ GHSHQGV RQ WKH DQWHQQD D]LPXWK ,I WZRDQWHQQDV LQ RQH VHFWRU PXVW VKDUH WKH VDPH D]LPXWK$QWHQQD ,QVWDOODWLRQ 3RVLWLRQ7KH DQWHQQD LQVWDOODWLRQ SRVLWLRQ PXVW EH LQ DFFRUGDQFH ZLWKSURMHFW GHVLJQ ,I WKH LQVWDOODWLRQ SRVLWLRQ QHHGV DQ\ PRGL¿FDWLRQWKH SURMHFW VXSHUYLVRU PXVW QHJRWLDWH ZLWK RSHUDWRU¶V UHSUHVHQWDWLYH7KH DQWHQQD LQVWDOODWLRQ SRVLWLRQ QHHGV WR WDNH FDUH IRUH OLJKWQLQJSURWHFWLRQ DV VKRZQ LQ )LJXUH ),*85(  $17(11$ ,167$//$7,21 326,7,21 /LJKWQLQJ URG  /LJKWQLQJ SURWHFWLRQ DUHD $QWHQQD *URXQGLQJ FDEOH)ROORZLQJ DUH OLJKWQLQJ SURWHFWLRQ UHTXLUHPHQWV WR LQVWDOO DQ DQWHQQD7KH DQWHQQD VKRXOG EH LQVWDOOHG ZLWK LQ  FRYHUDJH DUHD RIOLJKWQLQJ URG,I WKHUH LV QR VSHFLDO OLJKWQLQJ SURWHFWLRQ DUUDQJHPHQW OLNH WKHDERYH LQVWDOO WKH OLJKWQLQJ SURWHFWLRQ V\VWHP RQWR WKH DQWHQQDSROH0DNH VXUH WKDW WKH OLJKWQLQJ URG LV ZHOO JURXQGHG,QVWDOOLQJ 'LUHFWLRQDO $QWHQQD&RQWH[W 7KH GLUHFWLRQDO DQWHQQD LQVWDOODWLRQ SURFHGXUH LV JLYHQ EHORZ &RQ¿GHQWLDO DQG 3URSULHWDU\ ,QIRUPDWLRQ RI =7( &25325$7,21$

$&KDSWHU  0DLQ $QWHQQD )HHGHU 6\VWHP ,QVWDOODWLRQ1RWH7KH IROORZLQJ VWHSV GHVFULEH WKH LQVWDOODWLRQ SURFHVV DV D UHIHUHQFHIRU LQVWDOODWLRQ SHUVRQQHO 'XULQJ WKH RQVLWH LQVWDOODWLRQ SURFHVVSOHDVH FDUHIXOO\ UHDG WKH LQVWDOODWLRQ PDQXDO SURYLGHG ZLWK WKH DQWHQQD DQG FDUU\ RXW WKH LQVWDOODWLRQ DFFRUGLQJ WR WKH DFWXDO FRQGLWLRQ3HUIRUP WKH IROORZLQJ VWHSV WR LQVWDOO D GLUHFWLRQDO DQWHQQD6WHSV  )LUVWO\ DVVHPEOH IDVWHQHU & RQWR WKH XSSHU DQG ORZHU HQGVRI DQWHQQD DV VKRZQ LQ )LJXUH  WKHQ PRXQW IDVWHQHUV %DQG $ WR FRPSOHWH WKH LQLWLDO LQVWDOODWLRQ RI WKH GLUHFWLRQDODQWHQQD1RWHf$OO DFFHVVRULHV PXVW EH LQVWDOOHG ZLWK VSULQJ DQG SODLQZDVKHUVf8VXDOO\ WKH DQWHQQD IDVWHQLQJ DFFHVVRULHV DQG WKH DQJOHDGMXVWPHQW GHYLFH DFFHVVRULHV KDYH DOUHDG\ EHHQ LQVWDOOHGRQ WKH DQWHQQD EHIRUH ¿[LQJ LQWR WKH WRZHU),*85(  ',5(&7,21$/ $17(11$ ,167$//$7,21&RQ¿GHQWLDO DQG 3URSULHWDU\ ,QIRUPDWLRQ RI =7( &25325$7,21 $

$=;6'5 5 ,QVWDOODWLRQ 0DQXDO $WWDFK WKH DQWHQQD DORQJ ZLWK ¿[WXUHV RQWR WKH SROH 'R QRWWLJKWHQ WKH VFUHZV WRR WLJKWO\ WR DOORZ HDV\ DGMXVWPHQW RI WKHGLUHFWLRQ DQG GRZQWLOW RI WKH DQWHQQD +RZHYHU GHJUHH RI WLJKWQHVV PXVW EH KLJK HQRXJK WR HQVXUH WKDW WKH DQWHQQD GRHVQRW VOLG GRZQZDUG $GMXVW WKH DQWHQQD¶V D]LPXWKL 'HWHUPLQH WKH D]LPXWK RI WKH DQWHQQD E\ XVLQJ D FRPSDVVDQG GHWHUPLQH WKH LQVWDOODWLRQ GLUHFWLRQ DFFRUGLQJ WR WKHHQJLQHHULQJ GHVLJQ GUDZLQJLL 7XUQ WKH DQWHQQD VOLJKWO\ WR DGMXVW LW¶V IDFH GLUHFWLRQ DVVKRZQ LQ )LJXUH  $W WKH VDPH WLPH PHDVXUH WKH GLUHFWLRQ RI WKH DQWHQQD ZLWK D FRPSDVV XQWLO WKH HUURU FRPHVZLWKLQ WKH HQJLQHHULQJ GHVLJQ UHTXLUHPHQWV JHQHUDOO\ QRWPRUH WKDQ LLL $IWHU DGMXVWLQJ WKH D]LPXWK RI WKH DQWHQQD WLJKWHQ WKH IDVWHQHU $ $GMXVW WKH DQWHQQD¶V GRZQWLOWL $GMXVW WKH GRZQWLOW RI WKH PHDVXUHPHQW PHWHU WR REWDLQWKH UHTXLUHG DQJOH DFFRUGLQJ WR WKH HQJLQHHULQJ GHVLJQLL 7XUQ WKH WRS RI WKH DQWHQQD VOLJKWO\ DQG ORRVH RU IDVW WKHDQWHQQD DW LWV WRS $GMXVW WKH GRZQWLOW DQJOH RI WKH DQWHQQDWLOO WKH PHDVXUHPHQW PHWHU¶V EXEEOH FRPHV WR EH FHQWHUHGDV VKRZQ LQ )LJXUH ),*85(  $17(11$ '2:17,/7 $'-8670(17LLL $IWHU DGMXVWLQJ WKH GRZQWLOW RI WKH DQWHQQD WLJKWHQ WKH IDVWHQHU %(1' 2) 67(365HVXOW 7KH GLUHFWLRQDO DQWHQQD LV LQVWDOOHG &RQ¿GHQWLDO DQG 3URSULHWDU\ ,QIRUPDWLRQ RI =7( &25325$7,21$

$&KDSWHU  0DLQ $QWHQQD )HHGHU 6\VWHP ,QVWDOODWLRQ,QVWDOOLQJ 2PQL $QWHQQD&RQWH[W 3HUIRUP IROORZLQJ VWHSV WR LQVWDOO DQ 2PQL GLUHFWLRQDO DQWHQQD6WHSV  'HWHUPLQH WKH LQVWDOODWLRQ SRVLWLRQ 6HDO WKH DQWHQQD¶V ORZHU SDUW MXPSHU ZLWK WKH MDFNHW DQGSODFH WKH DQWHQQD DV PXFK FORVH WR WKH VXSSRUWLQJ SROH (QVXUH WKDW WKH WRS RI WKH MDFNHW VOLJKWO\ KLJKHU WKDQ WKH WRSRI VXSSRUWLQJ SROH )DVWHQ WKH DQWHQQD RQWR WKH VXSSRUWLQJ SROH ZLWK WZR ¿[LQJFOLSV DV VKRZQ LQ )LJXUH  'R QRW IDVWHQ WKH FOLSV ZKHWKHUWRR WLJKWO\ RU ORRVHO\ ,I IDVWHQHG WRR WLJKWO\ WKH MDFNHW PD\ EHGDPDJHG LI IDVWHQ WRR ORRVHO\ WKH ZHLJKWEHDULQJ DQG ZLQGUHVLVWDQFH UHTXLUHPHQWV FDQQRW EH PHW),*85(  201, ',5(&7,21$/ $17(11$ ,167$//$7,21 $QWHQQD )L[LQJ FOLSV $QWHQQD SROH 0HDVXUH WKH YHUWLFDOLW\ RI WKH DQWHQQD DQG HQVXUH WKDW DQWHQQD LV YHUWLFDO $IWHU HQVXULQJ WKH YHUWLFDOLW\ WLJKWHQ WKH ¿[LQJ FOLSV ¿UPO\ $IWHU WKH DQWHQQD LV LQVWDOOHG RQWR WKH VXSSRUW ¿[ WKH DQWHQQDVXSSRUW RQWR WKH WRZHU(1' 2) 67(365HVXOW 7KH 2PQL GLUHFWLRQDO DQWHQQD LV LQVWDOOHG&RQQHFWLQJ -XPSHU DQG $QWHQQD&RQWH[W 3HUIRUP WKH IROORZLQJ VWHSV WR FRQQHFW MXPSHU ZLWK DQWHQQD&RQ¿GHQWLDO DQG 3URSULHWDU\ ,QIRUPDWLRQ RI =7( &25325$7,21 $

$=;6'5 5 ,QVWDOODWLRQ 0DQXDO1RWH7KH DQWHQQD MXPSHU FDQ EH FRQQHFWHG EHIRUH WKH DQWHQQDPRXQWHG RQWR WKH SROH DQG QHHGHG WR WDNH WKH ZDWHUSURRIPHDVXUHPHQWV 7KH DERYH PHDVXUHV KLJKO\ UHGXFH ZRUN WLPHSURYLGH JRRG FRQQHFWLRQ DQG LPSURYHV ZDWHU SUHYHQWLRQ TXDOLW\6WHSV  &RQQHFW WKH MXPSHU FRQQHFWRU WR WKH DQWHQQD SRUW DQG WLJKWHQLW SURSHUO\ 6HDO WKH MXPSHU FRQQHFWRU DQG DQWHQQD SRUW IRU ZDWHUSURRIWUHDWPHQWL :UDS WKH ZDWHUSURRI DGKHVLYH WDSHV ORZHU VLGH RI FRQQHFWRUV .HHS ZUDSSLQJ GLUHFWLRQ VDPH DV WKH RQH WKDW WKHMXPSHU LV WLJKWHQHGLL :KLOH ZUDSSLQJ H[WHQG WKH DGKHVLYH WDSHV WR GRXEOH WKHLUOHQJWK 1RWH WKDW HYHU\ ZUDSSLQJ OD\HU PXVW EH RYHUODSSHGWKH SUHYLRXV OD\HU E\ KDOI WKH ZLGWK RI WKH WDSH :UDSSLQJ PXVW EH H[WHQGHG XSWR  PP  LQFKHV DZD\ IURPMXPSHU FRQQHFWRU SRVLWLRQLLL *ULS WKH WDSH ZLWK \RXU KDQGV WR PDNH WKH WDSH WLJKWO\DGKHUHGLY :UDS 39& WDSHV RQ WRS RI WKH ZDWHUSURRI DGKHVLYH WDSH'XULQJ WKH SURFHVV PDNH VXUH WKH XSSHU OD\HU RYHUODSVWKH ORZHU OD\HU E\ KDOI WKH ZLGWK RI WKH WDSH(1' 2) 67(365HVXOW 7KH MXPSHU LV FRQQHFWHG ZLWK DQWHQQD)HHGHU ,QVWDOODWLRQ)HHGHU &XWWLQJ 3ULQFLSOH'HWHUPLQH OHQJWK RI WKH IHHGHU DFFRUGLQJ WR ¿QDO IHHGHU URXWH DQGFXW WKH IHHGHUV DFFRUGLQJ WR WKH OHQJWK UHTXLUHG RI HDFK IHHGHU1RWH,I WKH IHHGHU OHQJWK LV OHVV WKDQ  PHWHUV XVH ´ IHHGHU LI WKHIHHGHU OHQJWK LV  a  PHWHUV XVH ´ IHHGHU DQG LI WKH IHHGHUOHQJWK LV PRUH WKDQ  PHWHUV XVH ´ IHHGHU)ROORZLQJ DUH WKH W\SLFDO IHHGHU FXWWLQJ VFHQDULR REVHUYHG RQVLWH,I WKH DQWHQQD IHHGHU V\VWHP LV WR EH LQVWDOOHG RQ WKHEXLOGLQJ URRI &RQ¿GHQWLDO DQG 3URSULHWDU\ ,QIRUPDWLRQ RI =7( &25325$7,21$

$&KDSWHU  0DLQ $QWHQQD )HHGHU 6\VWHP ,QVWDOODWLRQ 0HDVXUH WKH OHQJWK RI PDLQ IHHGHU IRU HDFK VHFWRU DFFRUGLQJ WRWKH ¿QDO IHHGHU URXWH $GG DQ DSSURSULDWH PDUJLQ  P  IHHWaP IHHWWR WKH PHDVXUHG OHQJWKV ZKHQ FXWWLQJ WKH IHHGHUV $IWHU FXWWLQJ RQH PDLQ IHHGHU DWWDFK WKH WHPSRUDU\ ODEHOV DWERWK HQGV RI WKH IHHGHU VXFK DV $17 DQG $17 $WWDFK WKHIRUPDO ODEHOV WR WKH IHHGHU DIWHU LW LV LQVWDOOHG &DUU\ WKH FXW IHHGHUV WR WKH URRI RI WKH EXLOGLQJ DQG PDNH VXUHWKH\ DUH QRW VTXHH]HG RU GDPDJHG GXULQJ WKH SURFHVV,I WKH DQWHQQD IHHGHU V\VWHP LV WR EH LQVWDOOHG RQ DQ LURQWRZHU +RLVW RQH HQG RI WKH IHHGHU WR WKH WRS RI WKH WRZHU E\ XVLQJ DSXOOH\ EORFN DQG SXOOLQJ URSH %HIRUH KRLVWLQJ PDNH WKH XSSHUPDLQ IHHGHU FRQQHFWRU 7KH SHUVRQQHO RQ WKH WRZHU PXVW FXW WKH IHHGHU DFFRUGLQJ WRWKH GLVWDQFH IURP WKH SRLQW ZKHUH WKH IHHGHU HQWHUV WKH URRPWR WKH OLJKWQLQJ DUUHVWHU UDFN ZLWK DQ DSSURSULDWH PDUJLQ UHVHUYHG 0DNH D WHPSRUDU\ ODEHO IRU WKH ORZHU SDUW $WWDFK WKHIRUPDO ODEHOV WR WKH IHHGHU DIWHU LW LV LQVWDOOHG&DXWLRQ$W WKH HQG RI IHHGHU FXWWLQJ SURFHVV DWWDFK ODEHO DW ERWK HQGV7HPSRUDU\ ODEHOV FDQ DOVR EH DWWDFKHG WR WKH PLGGOH RI WKH IHHGHUGXULQJ WKH IHHGHU FXWWLQJ SURFHVV 0DNH VXUH WKDW DOO ODEHOV DUHFRQVLVWHQW ZLWK WKH DFWXDO VLWXDWLRQ 2WKHUZLVH WKH IHHGHU PD\QRW EH FRQQHFWHG FRUUHFWO\ DQG WKH VHFWRUV PD\ QRW FRUUHVSRQG WRWKH IHHGHU,QVWDOOLQJ )HHGHU RQ 7RS RI %XLOGLQJ3UHUHTXLVLWHV 7KH VXSSRUWLQJ SROH DQG DQWHQQD LV LQVWDOOHG&RQWH[W 3HUIRUP WKH IROORZLQJ VWHSV WR LQVWDOO WKH PDLQ IHHGHU RQ WRS RIEXLOGLQJ6WHSV  )LUVWO\ GHWHUPLQH WKH ¿QDO PDLQ IHHGHU URXWH &XW WKH PDLQ IHHGHU DFFRUGLQJ WR WKH GHWHUPLQHG OHQJWK RQ WKH¿QDO URXWH $UUDQJH WKH PDLQ IHHGHU LQ JRRG RUGHU ZLWKRXW FURVVLQJ 3UHSDUH WKH FRQQHFWRUV DQG MXPSHUV /D\ WKH IHHGHUV DFFRUGLQJ WR WKH OD\LQJ SULQFLSOH /D\ WKH PDLQ IHHGHU DORQJ WR WKH VXSSRUWLQJ SROH DV VKRZQ LQ)LJXUH &RQ¿GHQWLDO DQG 3URSULHWDU\ ,QIRUPDWLRQ RI =7( &25325$7,21 $

$=;6'5 5 ,QVWDOODWLRQ 0DQXDO),*85(  )(('(5 ),;,1* $QWHQQD )HHGHU 6XSSRUWLQJ FOLSV1RWHf0DNH VXUH WKDW WKH IHHGHU ODLG LV WLJKWHQHGf7KH EHQGLQJ UDGLXV RI WKH IHHGHU LV QR OHVV WKDQ  WLPHVRI PDLQ IHHGHU UDGLXV 7KH UDGLXV RI VLQJOH EHQG LV QR OHVVWKDQ  PP  LQFKHV DQG WKH UHSHDWHG EHQG UDGLXVLV PLQLPXP  PP  LQFKHV &RQQHFW IHHGHU ZLWK WKH DQWHQQD(1' 2) 67(365HVXOW 7KH IHHGHU LV VXFFHVVIXOO\ LQVWDOOHG RQ WKH WRS RI EXLOGLQJ,QVWDOOLQJ )HHGHU RQ 7RZHU3UHUHTXLVLWHV (QVXUH WKDW WKH ODEHOV DUH DWWDFKHG DW DERXW  P  IHHW DZD\IURP PDLQ IHHGHU DW ERWK HQGV DQG DUH FRUUHFW &RQ¿GHQWLDO DQG 3URSULHWDU\ ,QIRUPDWLRQ RI =7( &25325$7,21$

$&KDSWHU  0DLQ $QWHQQD )HHGHU 6\VWHP ,QVWDOODWLRQ&RQWH[W&DXWLRQ+RLVW WKH PDLQ IHHGHU ZLWK FDUH WR DYRLG GDPDJLQJ LW¶V VKHDWK,I DQ\ SDUW RI VKHDWK LV GDPDJHG WKHQ LW PD\ FDXVH WKH HQWLUHIHHGHU WR EH GLVFDUGHG7DNH FDUH IRU SHUVRQQHO VDIHW\ ZKHQ KRLVWLQJ WKH IHHGHUV7KH IHHGHU LQVWDOODWLRQ LQYROYHV WKH IROORZLQJV VWHSV6WHSV  :UDS WKH PDLQ IHHGHU FRQQHFWRU ZLWK D SLHFH RI ÀD[ RU DQ DQWLVWDWLF SODVWLF EDJ ¿OOHG ZLWK IRDP DQG WKHQ ELQG LW WLJKWO\ ZLWKFDEOH WLHV .QRW DQG ¿[ WKH FXW IHHGHU FDEOH ZLWK KRLVWLQJ URSH DW WZRSRLQWV 2QH LV  P  IHHW DZD\ IURP WKH IHHGHU FRQQHFWRU DQG WKH RWKHU RQH LV  P  IHHW DZD\:DUQLQJ$YRLG IHHGHU DQG LW¶V FRQQHFWRU IURP FROOLGLQJ ZLWK WKH LURQWRZHU $IWHU KRLVWLQJ PDLQ IHHGHU FDEOHV WR WKH WRZHU WRS ¿[ XSSHUHQG RI FDEOH DW PXOWLSOH SRLQWV WR SUHYHQW LW IURP VOLSSLQJ GRZQWKH WRZHU7KH IHHGHU KRLVWLQJ LV VKRZQ LQ )LJXUH &RQ¿GHQWLDO DQG 3URSULHWDU\ ,QIRUPDWLRQ RI =7( &25325$7,21 $

$=;6'5 5 ,QVWDOODWLRQ 0DQXDO),*85(  +2,67,1* )(('(5 7272:(5 3XOOH\ EORFN )HHGHU KHDG ZUDS )HHGHU ODEHO .QRW SRVLWLRQ LQ WKH XSZDUGURSH 'RZQZDUG URSH(1' 2) 67(365HVXOW 7KH IHHGHU LV KRLVWHG RQ WKH WRZHU VXFFHVVIXOO\)HHGHU /D\RXW 3ULQFLSOHV7KH IHHGHU VKRXOG EH ODLG LQ DFFRUGDQFH ZLWK WKH IROORZLQJ SULQFLSOHV7KH PDLQ IHHGHU PXVW EH ODLG LQ JRRG RUGHU DQG ZLWKRXW FURVVLQJV7KH IHHGHU URXWH PXVW EH GHWHUPLQHG EHIRUH FRQQHFWLQJ WKHPDLQ IHHGHU 0DUN WKH DFWXDO IHHGHU URXWH RQ D GUDZLQJ WRDYRLG UHZRUNV GXH WR FURVVLQJV7KH PLQLPXP EHQGLQJ UDGLXV RI WKH PDLQ IHHGHU VKRXOG EHJUHDWHU WKDQ  WLPHV RI WKH PDLQ IHHGHU UDGLXV  7KH EHQGLQJUDGLXV RI D VLQJOH EHQG VKRXOG EH JUHDWHU WKDQ  PP LQFKHV 7KH PLQLPXP EHQGLQJ UDGLXV RI UHSHDWHG EHQGV LV PP  LQFKHV,I PRUH WKDQ RQH WULSOH IHHGHU FOLSV DUH XVHG LQ IHHGHU URXWLQJWKHQ PD[LPXP GLVWDQFH EHWZHHQ WULSOH IHHGHU FOLSV VKRXOG EHQRW PRUH WKDQ  P  IHHW &RQ¿GHQWLDO DQG 3URSULHWDU\ ,QIRUPDWLRQ RI =7( &25325$7,21$

$&KDSWHU  0DLQ $QWHQQD )HHGHU 6\VWHP ,QVWDOODWLRQ)L[LQJ 0DLQ )HHGHU&RQWH[W 3HUIRUP WKH IROORZLQJ VWHSV WR ¿[ WKH PDLQ IHHGHU6WHSV  )LUVWO\ DUUDQJH WKH PDLQ IHHGHU LQ D JRRG RUGHU )DVWHQ PDLQ IHHGHUV IURP WRS GRZQZDUG ZLWK WKH WULSOH IHHGHUFOLSV DIWHU DUUDQJLQJ WKH PDLQ IHHGHUV )LJXUH  VKRZV WKHDSSHDUDQFH RI WULSOH IHHGHU FOLS),*85(  75,3/( )(('(5 &/,3 $33($5$1&(1RWH'R QRW IDVWHQ IHHGHUV DW ERWK HQGV VLPXOWDQHRXVO\ .HHS PDLQ IHHGHUV VWUDLJKW DQG LQ D JRRG RUGHU ZLWKRXW DQ\EXOJHV EHWZHHQ WKH WULSOH IHHGHU FOLSV 7LJKWHQ WKH WULSOH IHHGHU FOLSV ¿UPO\(1' 2) 67(365HVXOW 7KH IHHGHU ¿[LQJ LV FRPSOHWHG)HHGHU *URXQGLQJ 3ULQFLSOH7KH JURXQGLQJ SULQFLSOHV RI PDLQ IHHGHU LV DV IROORZV7R LQVWDOO PDLQ DQWHQQD IHHGHU V\VWHP RQ WRZHU PDLQ IHHGHUPXVW EH LQVWDOOHG ZLWK IHHGHU JURXQGLQJ FOLSV DW OHDVW LQ WKUHHSODFHVf7RZHU SODWIRUPf7KH SODFH ZKHUH WKH PDLQ IHHGHU OHDYHV WKH WRZHUf7KH SODFH EHIRUH ZKHUH WKH PDLQ IHHGHU LV FRQQHFWHG WR WKHFKDVVLV&RQ¿GHQWLDO DQG 3URSULHWDU\ ,QIRUPDWLRQ RI =7( &25325$7,21 $

$=;6'5 5 ,QVWDOODWLRQ 0DQXDO:KHQ WKH PDLQ IHHGHU LV RYHU  P  IHHW LQ OHQJWK IHHGHUJURXQGLQJ FOLSV PXVW EH DGGHG LQ WKH PLGGOH *HQHUDOO\ DJURXQGLQJ FOLS PXVW EH LQVWDOOHG RQ WKH IHHGHU HYHU\  P IHHW DV VKRZQ LQ )LJXUH ),*85(  )(('(5 *5281',1* 6&+(0$7,& ',$*5$0 7RZHU SODWIRUP )HHGHU JURXQGLQJ FOLS )HHGHU &DELQHW MXPSHU *URXQGLQJ FDEOH *URXQGLQJ EXVEDU *URXQG JULG7R LQVWDOO WKH PDLQ DQWHQQD IHHGHU V\VWHP RQ WKH URRI LWV DQWHQQD VXSSRUW DQG FDEOH UDFN PXVW EH ZHOGHG WR WKH OLJKWQLQJ SURWHFWLRQ JULG RI WKH EXLOGLQJ 7KH PDLQ IHHGHU PXVWEH JURXQGHG DW WKUHH SODFHV &RQ¿GHQWLDO DQG 3URSULHWDU\ ,QIRUPDWLRQ RI =7( &25325$7,21$

$&KDSWHU  0DLQ $QWHQQD )HHGHU 6\VWHP ,QVWDOODWLRQf7KH SODFH ZKHUH IHHGHU OHDYHV WKH SROHf7KH SODFH ZKHUH IHHGHU OHDYHV WKH URRIf7KH SODFH EHIRUH ZKHUH WKH PDLQ IHHGHU LV FRQQHFWHG WR WKHMXPSHU RI WKH FKDVVLV7KH RXWGRRU ZLULQJ ODGGHU RI WKH PDLQ IHHGHU PXVW EHJURXQGHG,QVWDOOLQJ )HHGHU *URXQGLQJ &OLSV7KH IHHGHU JURXQGLQJ FOLSV LQVWDOODWLRQ RI=;6'5 5 LV GHVFULEHGEHORZ*URXQGLQJ5HTXLUHPHQWV(QVXUH WKH IROORZLQJ JURXQGLQJ UHTXLUHPHQWV ZKLOH LQVWDOOLQJIHHGHU JURXQGLQJ FOLSV5RRI LQVWDOODWLRQ PRGH,Q URRI LQVWDOODWLRQ WKH IROORZLQJ LWHPV PXVW EH JURXQGHG WREXLOG JURXQGLQJ QHWZRUNf0DLQ DQWHQQDV V\VWHPf$QWHQQD SROHf2XWGRRU FDEOLQJ UDFN RU FDEOLQJ ODGGHU*URXQG WKH PDLQ IHHGHU FDEOH DW RQH SRVLWLRQ ZKHUH LW OHDYHVDQWHQQD SROH ,I WKH IHHGHU FDEOH LV UDWKHU ORQJ DGG JURXQGLQJSRLQWV DFFRUGLQJ WR IHHGHU OHQJWK7RZHU LQVWDOODWLRQ PRGH8VXDOO\ DW OHDVW WZR IHHGHU JURXQGLQJ FOLSV DUH UHTXLUHG WR EHLQVWDOOHG LQ WRZHU LQVWDOODWLRQ PRGH *URXQG WKH IHHGHU FDEOHDW WKH IROORZLQJ SRVLWLRQVf:KHUH LW OHDYHV DQWHQQD LQVWDOODWLRQ SROHf:KHUH LW OHDYHV LURQ WRZHU:KHQ WKH IHHGHU FDEOH LV ORQJHU WKDQ  P  IHHW LQVWDOOD JURXQGLQJ FOLS RQ WKH IHHGHU FDEOH DW HYHU\  P  IHHWGLVWDQFH,I RXWGRRU FDEOLQJ UDFN RU RXWGRRU FDEOLQJ ODGGHU LV XVHGJURXQG LW UHOLDEO\$QWHQQD SROHV DQG LURQ WRZHU QHHG WR EH JURXQGHG UHOLDEO\)LJXUH  LOOXVWUDWHV JURXQGLQJ V\VWHP LQ WRZHU LQVWDOODWLRQ&RQ¿GHQWLDO DQG 3URSULHWDU\ ,QIRUPDWLRQ RI =7( &25325$7,21 $

$=;6'5 5 ,QVWDOODWLRQ 0DQXDO),*85(  *5281',1* 6<67(0 $QWHQQD ,URQ WRZHU SODWIRUP )HHGHU JURXQGLQJ FOLS )HHGHU FDEOH *URXQGLQJ JULG *URXQGLQJ EDU /LJKWQLQJ DUUHVWHU &DELQHW MXPSHU  PP $:* JURXQGLQJ FDEOH =;6'5 5 FDELQHW*URXQGLQJ %DU,QWURGXFWLRQ*URXQGLQJ JULG DQG JURXQGLQJ EDU DUH XVXDOO\ LQVWDOOHG E\ WKH RSHUDWRU HPSOR\HHV $QG WKH JURXQGLQJ EDU LV UHTXLUHG WR EH LQVWDOOHGZKHUH WKH HQJLQHHULQJ GHVLJQ GHWHUPLQHV ZLWK H[SDQVLRQ EROWV)LJXUH  LOOXVWUDWHV WKH VWUXFWXUH RI WKH JURXQGLQJ EDU &RQ¿GHQWLDO DQG 3URSULHWDU\ ,QIRUPDWLRQ RI =7( &25325$7,21$

$&KDSWHU  0DLQ $QWHQQD )HHGHU 6\VWHP ,QVWDOODWLRQ),*85(  *5281',1* %$5 6758&785(,QVWDOODWLRQ 6WHSV 3HUIRUP WKH IROORZLQJ VWHSV WR LQVWDOO JURXQGLQJ FOLS 3UHSDUH UHTXLUHG WRROV LQFOXGLQJ SDSHU NQLIH ÀDW KHDG VFUHZGULYHUV DQG ZUHQFK DQG VKDUSQRVH SOLHUV 3HHO RII  VKHDWK DFFRUGLQJ WR VL]H RI JURXQGLQJ FOLS DW WKHSRVLWLRQV)LJXUH  LOOXVWUDWHV VWUXFWXUH RI JURXQGLQJ FOLS),*85(  *5281',1* &/,3 *URXQGLQJ HQG *URXQGLQJ FDEOH )HHGHU FDEOH *URXQGLQJ VSULQJ ORFN )HHGHU H[WHUQDO FRSSHU FRUH *URXQGLQJ FDEOH FRSSHU SLHFH &ODPS WKH IHHGHU H[WHUQDO FRQGXFWRU ZLWK JURXQGLQJ FDEOH FRSSHU VKHHW DQG ORFNLQJ VSULQJ SODWH /D\ JURXQGLQJ FDEOH IDFLQJ WR WKH JURXQGLQJ QHWZRUN $YRLGEHQGLQJ RU IROGLQJ $QG NHHS WKH LQFOXGHG DQJHO EHWZHHQJURXQGLQJ FDEOH DQG IHHGHU FDEOH OHVV WKDQ f,Q WRZHU LQVWDOODWLRQ PRGH JURXQGLQJ FDEOH LV LQVWDOOHGGRZQZDUGV DQG ¿QDOO\ FRQQHFWHG WR WRZHUf,Q URRI LQVWDOODWLRQ PRGH JURXQGLQJ FDEOH LV LQVWDOOHG LQ WKHVDPH GLUHFWLRQ ZLWK IHHGHU FDEOHV 0DNH MRLQW RI JURXQGLQJ FOLS DQG IHHGHU ZDWHUSURRI XVLQJ ZDWHUSURRI DGKHVLYH WDSHV WKHQ XVH LQVXODWLRQ WDSHV WR FRYHU WKHMRLQW&RQ¿GHQWLDO DQG 3URSULHWDU\ ,QIRUPDWLRQ RI =7( &25325$7,21 $

$=;6'5 5 ,QVWDOODWLRQ 0DQXDO &RQQHFW WKH JURXQGLQJ HQG RI WKH JURXQGLQJ FOLS WR WKH JURXQGLQJ QHWZRUNf&RQQHFW LW WR WKH PDLQ WRZHU ERG\ LQ WRZHU LQVWDOODWLRQPRGHf&RQQHFW LW WR WKH JURXQGHG FDEOLQJ UDFN LQ URRI LQVWDOODWLRQPRGH:KHQ FRQQHFWLQJ UHPRYH WKH SDLQW DQG R[LGH DW FRQQHFWLRQSODFH ZLWKLQ D UDGLXV RI  PP  LQFKHV DURXQG WKH MRLQWDQG GDXE WKH SODFH ZLWK DQWLR[LGDQW FUHDP WR HQVXUH JRRG HOHFWULF FRQWDFW $IWHU FRQQHFWLQJ SDLQW WKH MRLQW ZLWK DQWLFRUURVLYHSDLQW1RWH'R QRW LQVWDOO JURXQGLQJ FOLS LQ FDVH RI DQ\ OLJKWQLQJ VWULNH&RQQHFWLQJ -XPSHU DQG )HHGHU3UHUHTXLVLWHV )HHGHU FRQQHFWRU DQG MXPSHU FRQQHFWRU LV SUHSDUHG&RQWH[W 7KH IROORZLQJ SURFHGXUHV GHWDLO WKH IHHGHU DQG MXPSHU FRQQHFWLRQ6WHSV  )L[ WKH  LQFK MXPSHU FRQQHFWRU ZLWK WKH IHHGHU FRQQHFWRUDQG VFUHZ WKHP WLJKWO\ 6HDO WKH FRQQHFWRUV ZLWK ZDWHUSURRI DGKHVLYH WDSHV DQG 39&WDSHV(1' 2) 67(365HVXOW 7KH MXPSHU LV FRQQHFWHG ZLWK WKH IHHGHU VXFFHVVIXOO\,QVWDOOLQJ )HHGHU+HUPHWLFZLQGRZ&RQWH[W ,QVWDOODWLRQ UHTXLUHPHQWV DUH GHVFULEHG DV IROORZV7KH LQVWDOODWLRQ SRVLWLRQ RI KHUPHWLF ZLQGRZ VKRXOG EH FORVH WRD FDEOH WUD\ SRVVLEO\7KH KHUPHWLF ZLQGRZ FDQ EH PRXQWHG DJDLQVW DQ LQGRRU ZDOORU RXWGRRU ZDOO DQG WKH VLGH RI SURWXEHUDQW PHWDO FLUFOHV PXVWSXW WRZDUGV RXWGRRUV,I WKH IHHGHU HQWHUV LQWR D URRP IURP D URRI WKH KHUPHWLF ZLQGRZ FDQ EH PRXQWHG RQ WKH URRI DQG WKH VLGH RI SURWXEHUDQWPHWDO FLUFOHV PXVW SXW WRZDUGV RXWGRRUV7KH IROORZ GHVFULEHV WKH VWHSV RI  KROH KHUPHWLF ZLQGRZ LQVWDOOHGDJDLQVW WKH ZDOO &RQ¿GHQWLDO DQG 3URSULHWDU\ ,QIRUPDWLRQ RI =7( &25325$7,21$

$&KDSWHU  0DLQ $QWHQQD )HHGHU 6\VWHP ,QVWDOODWLRQ6WHSV  $FFRUGLQJ WR WKH UHTXLUHPHQWV RI HQJLQHHULQJ GHVLJQ GUDZLQJDQG WKH GLPHQVLRQ RI KHUPHWLF ZLQGRZ PDNH VXUH WKH LQVWDOODWLRQ SRVLWLRQ RI KHUPHWLF ZLQGRZ RQ WKH ZDOO DQG DW WKH VDPHWLPH PDUN KROH SRVLWLRQV RI H[SDQVLRQ EROWV DQG D KROORZ URRPOHIW IRU WKH KHUPHWLF ZLQGRZ &XW D PPîPP VTXDUH ELJ KROH DQG WKHQ GULOO HLJKWKROHV RI H[SDQVLRQ EORWV ZLWK D SHUFXVVLYH GULOO DV VKRZQ LQ)LJXUH ),*85(  ,167$//$7,21 +2/( 326,7,216 81,700 )L[ D IHHGHU KHUPHWLFZLQGRZ SDQHO ZLWK H[SDQVLRQ EROWV DVVKRZQ LQ )LJXUH  :KLOH LQVWDOOLQJ H[SDQVLRQ EROWV ¿UVW SXWD ÀDW ZDVKHU DQG WKHQ D VSULQJ ZDVKHU&RQ¿GHQWLDO DQG 3URSULHWDU\ ,QIRUPDWLRQ RI =7( &25325$7,21 $

$=;6'5 5 ,QVWDOODWLRQ 0DQXDO),*85(  +(50(7,& :,1'2: ,167$//$7,21 0î H[SDQVLRQ EROW  )HHGHU KHUPHWLFZLQGRZSDQHO(1' 2) 67(36)HHGHU ,QGRRU ,QJRLQJ)HHGHU ,QGRRU $UUDQJHPHQW 3ULQFLSOH7KH DUUDQJHPHQW SULQFLSOHV RI IHHGHU LQWR D URRP FRPSO\ ZLWK WKHIROORZLQJ7KHUH DUH IRXU ELJ KROHV RQ D ±KROH IHHGHU KHUPHWLFZLQGRZ(YHU\ ELJ KROH KDV WKUHH VPDOO KROHV HYHU\ RI ZKLFK D IHHGHUSDVVHV WKURXJK$FFRUGLQJ WR WKH VHULDO 1R RQ WKH HQJLQHHULQJ ODEHOV DWWDFKHGRQ WKH IHHGHU OD\ RXW WKH IHHGHU WKURXJK WKUHH VPDOO KROHV LQWKH VDPH ELJ KROH FORFNZLVH RU DQWLFORFNZLVH &RQ¿GHQWLDO DQG 3URSULHWDU\ ,QIRUPDWLRQ RI =7( &25325$7,21$

$&KDSWHU  0DLQ $QWHQQD )HHGHU 6\VWHP ,QVWDOODWLRQ)HHGHU OD\RXW LQ WKH KHUPHWLF ZLQGRZ VKRXOG EH FRQYHQLHQW IRUFDSDFLW\ H[SDQVLRQ 'R QRW PRGLI\ WKH LQLWLDO IHHGHU OD\RXW LQWKH KHUPHWLF ZLQGRZ GXULQJ FDSDFLW\ H[SDQVLRQ DQG RQO\ DOORZDGGLQJ IHHGHU RU PRGLI\ MXPSHU FRQQHFWLRQ RI FDELQHW)HHGHU OD\RXW LQ WKH KHUPHWLF ZLQGRZ VKRXOG EH FRQYHQLHQWIRU OD\RXW RQ D FDEOH WUD\ DQG FRQQHFWLRQ WR D FDELQHW 7KHIHHGHU VKRXOG EH SDUDOOHO DQG QRW FURVVHG GXULQJ URXWLQJ DQGFRQQHFWLQJ/HDGLQJ 0DLQ )HHGHU LQWR 5RRP&RQWH[W )LJXUH  DQG )LJXUH  VKRZ WZR FRPPRQ PRGHV RI PDLQ IHHGHULQWR D URRP :KLOH WKH PDLQ IHHGHU LV HQWHULQJ LQWR WKH HTXLSPHQWURRP GR QRW EULQJ ZDWHU LQWR WKH HTXLSPHQW URRP),*85(  )(('(5 ,172 5220 02'(  )HHGHU ZLQGRZ &DEOH WUD\ )HHGHU NLW&RQ¿GHQWLDO DQG 3URSULHWDU\ ,QIRUPDWLRQ RI =7( &25325$7,21 $

$=;6'5 5 ,QVWDOODWLRQ 0DQXDO),*85(  )(('(5 ,172 5220 02'(  )HHGHU ZLQGRZ &DEOH WUD\ )HHGHU NLW6WHSV  8QVFUHZ D IDVWQHVV KRRS RI IHHGHU ZLQGRZ WR SURSHU H[WHQW3XOO RXW VHDOLQJ FRYHUV RI VPDOO KROHV WKDW WKH IHHGHU SDVVHVWKURXJK /HDG WKH PDLQ IHHGHU LQWR WKH HTXLSPHQW URRP :KHQ WKH PDLQIHHGHU HQWHUV LQWR DQ LQGRRU FDEOH WUD\ IURP DQ RXWGRRU FDEOHWUD\ LW LV QHFHVVDU\ IRU WZR LQVWDOODWLRQ SHUVRQQHO¶V FRRSHUDWLRQUHVSHFWLYHO\ LQGRRUV DQG RXWGRRUV ,Q WKLV ZD\ DYRLG GDPDJLQJWKH PDLQ IHHGHU DQG RWKHU LQGRRU GHYLFHV E\ LPSURSHU IRUFHGXULQJ LQVWDOODWLRQ 6FUHZ GRZQ WKH IDVWQHVV KRRS XQWLO WKHPDLQ IHHGHU LV SXOO WR WKH VSHFL¿HG SRVLWLRQ &XW WKH PDLQ IHHGHU %HIRUH DQG DIWHU FXWWLQJ PDNH VXUH WHPSRUDU\ ODEHOV RQ WKH PDLQ IHHGHU LQWDFW &RQ¿GHQWLDO DQG 3URSULHWDU\ ,QIRUPDWLRQ RI =7( &25325$7,21$

$&KDSWHU  0DLQ $QWHQQD )HHGHU 6\VWHP ,QVWDOODWLRQ1RWH$FFRUGLQJ WR GHWDLOHG HTXLSPHQW HQYLURQPHQW IRU H[DPSOHFDELQHW LQVWDOODWLRQ SRVLWLRQ MXPSHU OHQJWK RQ WKH FDELQHW WRSDUUHVWHU FRQ¿JXUDWLRQ RU DUUHVWHU UDFN LQVWDOODWLRQ SRVLWLRQ WKHEHQGLQJ UDGLXV UHTXLUHPHQW RI PDLQ IHHGHU DQG WKH EHDXWLIXOUHTXLUHPHQW RI FDEOH OD\RXW LQ WKH HTXLSPHQW URRP VHOHFW DFXWWLQJ SRVLWLRQ RI PDLQ IHHGHU FDEOH 0DNH DQ LQGRRU FRQQHFWRU RI PDLQ IHHGHU &RQQHFW WKH PDLQ IHHGHU ZLWK DQ DUUHVWHU1RWHf)RU DQ DUUHVWHU ZLWKRXW JURXQG FDEOH GXULQJ LQVWDOODWLRQFRQQHFW WKH DUUHVWHU WR WKH PDLQ IHHGHU GLUHFWO\f)RU DQ DUUHVWHU ZLWK DQ DUUHVWHU UDFN GXULQJ LQVWDOODWLRQDGMXVW HYHU\ PDLQ IHHGHU FDUHIXOO\ 0DNH VXUH D VFUHZ IDVWHQHU FRQQHFWHG ZHOO ZKLFK FRQQHFWV WKH PDLQ IHHGHU FRQQHFWRU ZLWK WKH DUUHVWHU(1' 2) 67(36,QVWDOOLQJ 7RSHTXLSPHQW -XPSHU&RQWH[W 7KH UHTXLUHPHQWV RI MXPSHU LQVWDOODWLRQ DUH DV IROORZV-XPSHU OD\RXW IURP FDELQHW WRS WR FDEOH WUD\ VKRXOG EH SDUDOOHODQG RUGHUO\ EXW QRW FURVVHG'XULQJ URXWLQJ WKH MXPSHU PXVW SDVV WKURXJK WKH FDEOH WUD\LQQHU WR LWV XSSHU VLGH 3URKLELW MXPSLQJ WKH FDEOH WUD\ RXWVLGHVGLUHFWO\7KH EHQGLQJ RI MXPSHU LV UHDVRQDEOH DQG QDWXUDO 6XJJHVW WKDWWKH EHQGLQJ UDGLXV RI MXPSHU VKRXOG EH WZHQW\ WLPHV PRUH WKDQLWV GLDPHWHU'XULQJ OD\RXW IURP FDELQHW WRS WR FDEOH WUD\ WKH WHQVLOHVWUHQJWK IRU WKH MXPSHU VKRXOG EH PRGHUDWH7KH MXPSHU VKRXOG EH ERXQG ZLWK HYHU\ UDLO RI FDEOH WUD\ 7KHGLUHFWLRQV RI DOO ZLUH IDVWHQHUV NHHS FRQVLVWHQW DQG DIWHU ELQGLQJ WKH ZLUH IDVWHQHUV DUH FXW ÀDWO\/DEHOV PXVW EH DI¿[HG WR DOO LQGRRU MXPSHUV DW D  PP GLVWDQFH IURP ERWK HQGV RI MXPSHU6WHSV  7KH MXPSHU SDVVHV WKURXJK D ZLULQJ VORW RQ WKH WRS RI FDELQHW &RQQHFW D ',1 FRQQHFWRU RI IHHGHU WR DQ $17 LQWHUIDFH RI 568 &RQQHFW WKH RWKHU ',1 FRQQHFWRU RI MXPSHU WR D ',1 FRQQHFWRURI IHHGHU&RQ¿GHQWLDO DQG 3URSULHWDU\ ,QIRUPDWLRQ RI =7( &25325$7,21 $

$=;6'5 5 ,QVWDOODWLRQ 0DQXDO)LJXUH  VKRZV WKH LQVWDOODWLRQ SURFHVV),*85(  $17(11$)(('(5 $1' -803(5 ,167$//$7,21 )HHGHU -XPSHU 568 :LULQJ VORW $I¿[ MXPSHU HQJLQHHULQJ ODEHOV(1' 2) 67(363HUIRUPLQJ $QWHQQD )HHGHU6\VWHP 7HVW6WHSV  $IWHU XQSDFNLQJ FKHFN ZKHWKHU D VXUIDFH RI DQWHQQD DQG DQWHQQD FRQQHFWRUV DUH XQGDPDJHG $IWHU FRQQHFWLQJ DQWHQQD DQG MXPSHU DQG VFUHZLQJ GRZQ WKHFRQQHFWRU FKHFN WKH 69:5 ZLWK D 69:5 WHVWHU,I 7KHQ69:5 8QTXDOL¿HG69:5 4XDOL¿HG &RQ¿GHQWLDO DQG 3URSULHWDU\ ,QIRUPDWLRQ RI =7( &25325$7,21$

$&KDSWHU  0DLQ $QWHQQD )HHGHU 6\VWHP ,QVWDOODWLRQ1RWH'XULQJ PHDVXULQJ PRYH DQ DQWHQQD RU FKDQJH WKH SRVLWLRQRI DQWHQQD ,I WKH 69:5V LQ DOO GLUHFWLRQV DUH XQTXDOL¿HG LWLQGLFDWHV WKDW WKH DQWHQQD LV IDXOW\ ,I WKH 69:5V LQ VRPHGLUHFWLRQV DUH XQTXDOL¿HG FKHFN WKH DQWHQQD DIWHU WKH ZKROHDQWHQQD DQG IHHGHU V\VWHP LQVWDOOHG FRPSOHWHO\(1' 2) 67(363HUIRUPLQJ 2XWGRRU&RQQHFWRU :DWHUSURRI 3URFHVVLQJ&RQWH[W 7KH ZDWHUSURRI SURFHVVLQJ IRU RXWGRRU FRQQHFWRUV DGRSWV WKH³´ PRGH WR ZDUS ³RQH OD\HU 39& LQVXODWLQJ WDSH  WKUHHOD\HU ZDWHUSURRI LQVXODWLQJ WDSH  WKUHH OD\HU 39& LQVXODWLQJWDSH´7KH ZDWHUSURRI LQVXODWLQJ WDSH LV DV VKRZQ LQ )LJXUH ),*85(  :$7(53522) ,168/$7,1* 7$3(7KH 39& DGKHVLYH WDSH LV DV VKRZQ LQ )LJXUH  XVHG WR SURWHFWFRQQHFWRUV IURP GDPDJH DV ZHOO DV ZDWHUSURRI WDSH IURP DJLQJ),*85(  39& $'+(6,9( 7$3(&RQ¿GHQWLDO DQG 3URSULHWDU\ ,QIRUPDWLRQ RI =7( &25325$7,21 $

$=;6'5 5 ,QVWDOODWLRQ 0DQXDO6WHSV  &OHDQ WKH IHHGHU FRQQHFWRUV DQG IHHGHU JURXQGLQJ FOLSV :UDS D OD\HU RI 39& LQVXODWLQJ WDSHL &OHDQ RXW GXVW DQG VWDLQ RQ WKH IHHGHU FRQQHFWRU RU IHHGHUJURXQGLQJ NLWLL $V VKRZQ LQ )LJXUH  ZUDS WKH IHHGHU ZLWK WKH 39& LQVXODWLQJ WDSH LQ DQ RYHUODSSLQJ ZD\ IURP ORZHU WR XSSHU DQGWKH XSSHU DGKHVLYH WDSH VKRXOG FRYHU D KDOI RI WKH ORZHUDGKHVLYH WDSH 7KH H[WHQGHG ZLGWK RI DGKHVLYH WDSH LV QRWRYHU  ORQJHU WKDQ WKH IRUPHU ZLGWK RU HOVH LW GHVWUR\VPROHFXODU VWUXFWXUH RI DGKHVLYH WDSH GXH WR H[WHQVLRQ WRRPXFK),*85(  :5$33,1* $ /$<(5 2) 39& ,168/$7,1* 7$3( :UDS WKUHH OD\HUV RI ZDWHUSURRI LQVXODWLQJ WDSHL ([SDQG WKH ZDWHUSURRI LQVXODWLQJ WDSH DQG VWULS RII UHOHDVHSDSHU 7KH DGKHVLYH WDSH VWLFNV WR WKH FRQQHFWRU RU WKHIHHGHU ZKLFK LV a PP DZD\ IURP WKH ORZHU HQG RIJURXQGLQJ NLWLL ([WHQG WKH DGKHVLYH WDSH WR XS WR  ±  RI WKH IRUPHUZLGWK LQ RUGHU WR NHHS D FHUWDLQ H[WHQVLRQ VWUHQJWK %LQGWKH IHHGHU LQ DQ RYHUODSSLQJ ZD\ IURP ORZHU WR XSSHU DQGWKH XSSHU DGKHVLYH WDSH VKRXOG FRYHU D KDOI RI WKH ORZHUDGKHVLYH WDSH DV VKRZQ LQ )LJXUH ),*85(  :5$33,1* 7+5(( /$<(56 2) :$7(5 ,168/$7,1* 7$3(7+( ),567 /$<(5 &RQ¿GHQWLDO DQG 3URSULHWDU\ ,QIRUPDWLRQ RI =7( &25325$7,21$

$&KDSWHU  0DLQ $QWHQQD )HHGHU 6\VWHP ,QVWDOODWLRQ1RWH7KH ZUDSSLQJ GLUHFWLRQ VKRXOG EH WRZDUGV WKH GLUHFWLRQ RIFRQQHFWRU VFUHZHG GRZQ 3URKLELW ZUDSSLQJ LQ D UHYHUVHGLUHFWLRQLLL :KLOH ZUDSSLQJ WR WKH a PP SRVLWLRQ RII WKH FRQQHFWRU UHSHDW LW IRU WZLFH DQG WKH VHTXHQFH UHVSHFWLYHO\ LV IURPXSSHU WR ORZHU DV VKRZQ LQ )LJXUH  DQG IURP ORZHU WRXSSHU DV VKRZQ LQ )LJXUH ),*85(  :5$33,1* 7+5(( /$<(56 2) :$7(5 ,168/$7,1* 7$3(7+( 6(&21' /$<(5),*85(  :5$33,1* 7+5(( /$<(56 2) :$7(5 ,168/$7,1* 7$3(7+( 7+,5' /$<(5LY $IWHU ZUDSSLQJ WKH ZDWHUSURRI LQVXODWLQJ WDSH SUHVV WKHDGKHVLYH WDSH DW WKH ELQGLQJ ZLWK KDQGV DQG PDNH LW DI¿[HGWLJKWO\ :UDS WKUHH OD\HU RI 39& LQVXODWLQJ WDSH7ZR HQGV RI 39& LQVXODWLQJ WDSH PXVW EH PP ORQJHU WKDQ WKHXSSHU OD\HU RI ZDWHUSURRI LQVXODWLQJ WDSH %LQG WKH IHHGHU LQ DQRYHUODSSLQJ ZD\ IURP ORZHU WR XSSHU DQG WKH XSSHU DGKHVLYHWDSH VKRXOG FRYHU D KDOI RI WKH ORZHU DGKHVLYH WDSH DV VKRZQLQ )LJXUH  5HSHDW LW IRU WZLFH DQG WKH VHTXHQFH UHVSHFWLYHO\LV IURP XSSHU WR ORZHU DV VKRZQ LQ )LJXUH  DQG IURP ORZHUWR XSSHU DV VKRZQ LQ )LJXUH  0DNH VXUH SURSHU VWUHWFKVWUHQJWK GXULQJ ZUDSSLQJ&RQ¿GHQWLDO DQG 3URSULHWDU\ ,QIRUPDWLRQ RI =7( &25325$7,21 $

$=;6'5 5 ,QVWDOODWLRQ 0DQXDO),*85(  :5$33,1* 7+5(( /$<(56 2) 39& ,168/$7,1* 7$3( 7+(),567 /$<(5),*85(  :5$33,1* 7+5(( /$<(56 2) 39& ,168/$7,1* 7$3( 7+(6(&21' /$<(5 $IWHU ¿QLVKLQJ ZUDSSLQJ IDVWHQ WZR ZUDSSHG HQGV ZLWK EODFNIDVWHQHUV DV VKRZQ LQ )LJXUH ),*85(  )$67(1,1*(1' 2) 67(36 &RQ¿GHQWLDO DQG 3URSULHWDU\ ,QIRUPDWLRQ RI =7( &25325$7,21$

$&KDSWHU  0DLQ $QWHQQD )HHGHU 6\VWHP ,QVWDOODWLRQ3HUIRUPLQJ )HHGHU+HUPHWLFZLQGRZ:DWHUSURRI 3URFHVVLQJ&RQWH[W 7KHUH DUH WZR W\SHV RI IHHGHU KHUPHWLFZLQGRZ KROH IHHGHU KHUPHWLFZLQGRZ KROH IHHGHU KHUPHWLFZLQGRZ1RUPDOO\ DGRSW WKH  KROH IHHGHU KHUPHWLFZLQGRZ LWV GLPHQVLRQ DV VKRZQ LQ )LJXUH  DQG LWV VWUXFWXUH DV VKRZQ LQ )LJXUH),*85(  )(('(5 +(50(7,&:,1'2: ',0(16,21 81,700&RQ¿GHQWLDO DQG 3URSULHWDU\ ,QIRUPDWLRQ RI =7( &25325$7,21 $

$=;6'5 5 ,QVWDOODWLRQ 0DQXDO),*85(   )(('(5 +(50(7,&:,1'2: 6758&785(,QVWDOODWLRQ UHTXLUHPHQWV7KH LQVWDOODWLRQ SRVLWLRQ RI KHUPHWLF ZLQGRZ VKRXOG EH FORVH WRD FDEOH WUD\7KH KHUPHWLF ZLQGRZ FDQ EH PRXQWHG DJDLQVW DQ LQGRRU ZDOORU RXWGRRU ZDOO DQG WKH VLGH RI SURWXEHUDQW PHWDO FLUFOHV PXVWSXW WRZDUGV RXWGRRUV,I WKH IHHGHU HQWHUV LQWR D URRP IURP D URRI WKH KHUPHWLF ZLQGRZ FDQ EH PRXQWHG DJDLQVW WKH URRI DQG KH VLGH RI SURWXEHUDQW PHWDO FLUFOHV PXVW SXW WRZDUGV RXWGRRUV6WHSV  $FFRUGLQJ WR WKH UHTXLUHPHQWV RI HQJLQHHULQJ GHVLJQ GUDZLQJDQG WKH GLPHQVLRQ RI KHUPHWLF ZLQGRZ PDNH VXUH WKH LQVWDOODWLRQ SRVLWLRQ RI KHUPHWLF ZLQGRZ RQ WKH ZDOO DQG DW WKH VDPHWLPH PDUN KROH SRVLWLRQV RI H[SDQVLRQ EROWV DQG D KROORZ URRPOHIW IRU WKH KHUPHWLF ZLQGRZ &XW D PPîPP VTXDUH ELJ KROH DQG WKHQ GULOO HLJKWKROHV RI H[SDQVLRQ EORWV ZLWK D SHUFXVVLYH GULOO DV VKRZQ LQ)LJXUH  &RQ¿GHQWLDO DQG 3URSULHWDU\ ,QIRUPDWLRQ RI =7( &25325$7,21$

$&KDSWHU  0DLQ $QWHQQD )HHGHU 6\VWHP ,QVWDOODWLRQ),*85(  ,167$//$7,21 +2/( 326,7,216 81,700 )L[ D IHHGHU KHUPHWLFZLQGRZ SDQHO ZLWK H[SDQVLRQ EROWV DVVKRZQ LQ )LJXUH :KLOH LQVWDOOLQJ H[SDQVLRQ EROWV D ÀDW ZDVKHU DQG D VSULQJZDVKHU PXVW EH LQVWDOOHG LQ WXUQ$ VHDOLQJ ZDVKHU DQG D VHDOLQJ FRYHU PD\ EH LQVWDOOHG WRJHWKHUZLWK IHHGHU HQWHULQJ LQWR WKH URRP&RQ¿GHQWLDO DQG 3URSULHWDU\ ,QIRUPDWLRQ RI =7( &25325$7,21 $

$=;6'5 5 ,QVWDOODWLRQ 0DQXDO),*85(  )(('(5 +(50(7,&:,1'2: ,167$//$7,21 0î H[SDQVLRQ EROW  )HHGHU KHUPHWLFZLQGRZSDQHO(1' 2) 67(36&DELQHW -XPSHU ,QVWDOODWLRQ'HVFULSWLRQ7KH =;6'5 5 FDELQHW LV HTXLSSHG ZLWK WZR 1 W\SH IHPDOH FRQQHFWRUV 7KHVH FRQQHFWRUV DUH FRQQHFWHG WR 1 W\SH PDOH FRQQHFWRUV RI  MXPSHUV 7KH FDELQHW MXPSHU FRQQHFWLRQ LV DV VKRZQLQ )LJXUH  &RQ¿GHQWLDO DQG 3URSULHWDU\ ,QIRUPDWLRQ RI =7( &25325$7,21$

$&KDSWHU  0DLQ $QWHQQD )HHGHU 6\VWHP ,QVWDOODWLRQ),*85(  &$%,1(7 -803(56',1 PHDQV WKDW WKH FRQQHFWRU W\SH LV ',11 PHDQV WKDW WKH FRQQHFWRU W\SH LV 10 LQGLFDWHV PDOH FRQQHFWRU DQG ) LQGLFDWHV IHPDOH FRQQHFWRU&RQQHFW WKH MXPSHU ZLWK WKH FDELQHW 0DNH VXUH WR FRQQHFW WKHUHVSHFWLYH FRQQHFWRUV ZLWK VLPLODU W\SHV VXFK DV 1 W\SH FRQQHFWRURI MXPSHU VKRXOG EH FRQQHFWHG ZLWK 1 W\SH LQWHUIDFH RI WKH FDELQHWDQG 0 W\SH FRQQHFWRU RI MXPSHU VKRXOG EH FRQQHFWHG ZLWK 0 W\SHLQWHUIDFH RI WKH FDELQHW96:5 7HVW$IWHU WKH LQVWDOODWLRQ RI DOO DQWHQQD IHHGHUV DQG MXPSHUV FRQGXFW96:5 WHVW 7KH 96:5 PXVW EH OHVV WKDQ  2WKHUZLVH FKHFNDOO PDLQ DQWHQQD DQG IHHGHU V\VWHP WKDW LQFOXGHV&KHFN ZKHWKHU WKH DQWHQQD IHHGHUV FRQQHFWRUV DQG MXPSHUVDUH LQWDFW(QVXUH WKDW WKH FRQQHFWLRQ EHWZHHQ DOO SDUWV DUH SURSHU&KHFN ZKHWKHU WKH DQWHQQD IHHGHU LQVWDOODWLRQ LV SHUIHFW&RQ¿GHQWLDO DQG 3URSULHWDU\ ,QIRUPDWLRQ RI =7( &25325$7,21 $

$=;6'5 5 ,QVWDOODWLRQ 0DQXDO7KLV SDJH LV LQWHQWLRQDOO\ EODQN &RQ¿GHQWLDO DQG 3URSULHWDU\ ,QIRUPDWLRQ RI =7( &25325$7,21$

$& K D S W H U +DUGZDUH ,QVWDOODWLRQ,QVSHFWLRQ7DEOH RI &RQWHQWV&KHFNLQJ &DELQHW ,QVWDOODWLRQ  &KHFNLQJ &DEOH ,QVWDOODWLRQ  &KHFNLQJ 0DLQ $QWHQQD 6\VWHP ,QVWDOODWLRQ  &KHFNLQJ &DELQHW,QVWDOODWLRQ6WHSV  (QVXUH WKDW WKH FDELQHW LQVWDOODWLRQ SRVLWLRQ FRPSOLHV ZLWK WKHHQJLQHHULQJ GHVLJQ GUDZLQJ (UHFW FDELQHW ¿UPO\ VR DV WR UHVLVW DQ HDUWKTXDNH PHDVXULQJXS WR  RQ 5LFKWHU VFDOH (QVXUH WKDW KRUL]RQWDO DQG YHUWLFDO HUURU LV OHVV WKDQ  PP (QVXUH WKDW FDELQHW VXUIDFH LV FOHDQ DQG WLG\ DQG FRYHUHG ZHOOE\ RLO SDLQW $OO SDUWV RI WKH FDELQHW DUH FRPSOHWH DQG DOO PDUNLQJ RQ WKH FDELQHW DUH FRUUHFW FOHDU DQG FRPSOHWH (QVXUH DOO VFUHZV DUH ¿[HG WLJKW ZLWK ÀDW ZDVKHUV RU VSULQJZDVKHUV(1' 2) 67(36&KHFNLQJ &DEOH ,QVWDOODWLRQ&DEOHV ,QVWDOODWLRQ *HQHUDO6SHFLILFDWLRQ2SWLFDO )LEHU1RWH&RQ¿GHQWLDO DQG 3URSULHWDU\ ,QIRUPDWLRQ RI =7( &25325$7,21 $

$=;6'5 5 ,QVWDOODWLRQ 0DQXDO7KH OHQJWK RI RSWLFDO ¿EHU LV GHFLGHG E\ HQJLQHHULQJ VXUYH\  7[ 5[7KH WHFKQLFDO VSHFL¿FDWLRQV RI RSWLFDO ¿EHU DUH DV IROORZV7KH RSWLFDO ¿EHU LV D VLQJOH PRGH ZLWK (QG % DGRSWLQJ WZR'/&3& FRQQHFWRUV7KH LQVHUWLRQ ORVV LV OHVV WKDW  G%7KH UHWXUQ ORVV LV OHVV WKDQ  G%,I RSWLFDO ¿EHU LV WR EH XVHG RXWGRRU WKHQf7DNH ZDWHUSURRI DQG DQWL XOWUDYLROHW SURWHFWLRQ PHDVXUHVf0DNH VXUH WKDW ZRUNLQJ WHPSHUDWXUH LV LQ EHWZHHQ  WRR&7KH VKHDWK RI RSWLFDO ¿EHU LV EODFN LQ FRORU ZLWK D GLDPHWHU RI  PP 8QGHU WKH VKHDWK WKHUH DUH WZR FRUHV RSWLFDO ZLUHV\HOORZ DQG EOXH FRORU ZLWK VXEVWDQWLDO DPRXQW RI SURWHFWLRQSDGGLQJ7KH PD[LPXP GLVWDQFH EHWZHHQ FRUH RSWLFDO ZLUHV LQFOXGLQJERWK '/&3& FRQQHFWRUV DQG VKHDWKHG RSWLFDO ¿EHU LV  PP=7( VXSSOLHV  P  P  P  P  P  P DQG P ORQJ ¿EHU FDEOHV7KH  PP ORQJ EODFN 3\URFRQGHQVDWLRQ FDQQXOD VKRXOG EHDGGHG LQ EHWZHHQ RSWLFDO FRUH ZLUHV DQG VKHDWKHG RSWLFDO ¿EHU7KH ODEHO DWWDFKHG DW ERWK HQGV VKRXOG VDWLVI\ WKH UHTXLUHPHQWVRI =7( &DEOH 'HVLJQLQJ &ULWHULD ± /DEHO 'HVLJQLQJ DQG 8VDJH5HTXLUHPHQWV$,6* &DEOH 7KH IROORZLQJ DUH WKH WHFKQLFDO VSHFL¿FDWLRQ RI $,6* FDEOH7DEOH  LOOXVWUDWHV WKH FRQQHFWLRQ UHODWLRQVKLS RI ERWK HQGV0DNH VXUH WR HQFORVH (QG $ FRQQHFWLRQ E\ EODFN FDQQXOD FRPSOHWHO\ DIWHU FRQQHFWLQJ7$%/(  &211(&7,21 5(/$7,216+,36HULDO1XPEHU6LJQDO'H¿QLWLRQ(QG $ 3LQ1XPEHU(QG % 3LQ1XPEHU&RQQHFWHG&DEOH 3LQ  3LQ    3LQ  3LQ   9 3LQ  3LQ   7ZR FDEOHV IURP3LQ RI $ HQGDUH ZHOGHG WR3LQDQGRI% HQG9*1' 3LQ  3LQ   7ZR FDEOHV IURP3LQ RI $ HQGDUH ZHOGHG WR3LQDQGRI% HQG &RQ¿GHQWLDO DQG 3URSULHWDU\ ,QIRUPDWLRQ RI =7( &25325$7,21$

$&KDSWHU  +DUGZDUH ,QVWDOODWLRQ ,QVSHFWLRQ7KH 3LQ  DQG 3LQ  6HH 7DEOH  DUH QHHGHG WR EH ZHOGHGZLWK WZR FDEOHV7KH (QG $ FRQQHFWRU VKRXOG EH HTXLSSHG ZLWK PHWDO GXVWSURRIFRYHU7KH ODEHOV SULQWLQJ DQG SDVWLQJ VKRXOG VDWLVI\ WKH UHTXLUHPHQWVRI 4=; &DEOH 'HVLJQLQJ &ULWHULD ± /DEHO 'HVLJQLQJDQG 8VDJH 5HTXLUHPHQWV0RQLWRULQJ &DEOH 7KH IROORZLQJ DUH WKH WHFKQLFDO VSHFL¿FDWLRQ RI PRQLWRULQJ FDEOH7KH (QG $ LV D SLQ IHPDOH FRQQHFWRU(QG % LV DQ RSHQ HQG ZLWKRXW DQ\ FRQQHFWRU 7KH FRQQHFWRU DWWKH (QG % VKRXOG EH SUHSDUHG RQVLWH DFFRUGLQJ WR WKH RQVLWHUHTXLUHPHQWV0DNH VXUH WKDW FRQQHFWRU DW WKH (QG $ LV SURSHUO\ ZHOGHG7KH ODEHO DWWDFKHG DW ERWK HQGV VKRXOG VDWLVI\ WKH UHTXLUHPHQWVRI =7( &DEOH 'HVLJQLQJ &ULWHULD ± /DEHO 'HVLJQLQJ DQG 8VDJH5HTXLUHPHQWV7DEOH  VKRZV WKH FRQQHFWLRQ UHODWLRQVKLS RI (QG $7$%/(  &211(&7,21 5(/$7,216+,3(QG $ 3LQV &RORU 6LJQDO 'H¿QLWLRQ :KLWHEOXH 'U\ FRQWDFW :KLWHRUDQJH 'U\ FRQWDFW :KLWHJUHHQ 'U\ FRQWDFW :KLWHEURZQ 'U\ FRQWDFW 5HGEOXH  5[ 5HGRUDQJH  7[2WKHU 3LQV DUH IUHH 2WKHU FRUH ZLUHV DUHIUHH3RZHU DQG *URXQGLQJ &DEOHV,QVWDOODWLRQ &KHFN&RQWH[W (QVXUH WKH SRZHU DQG JURXQGLQJ FDEOHV LQVWDOODWLRQ LV GRQH LQ DFFRUGDQFH ZLWK WKH IROORZLQJ FKHFNV6WHSV  7KH SRZHU DQG JURXQGLQJ FDEOHV DUH ODLG VHSDUDWHO\ IURP RWKHUFDEOHV ,I WKH SRZHU DQG JURXQGLQJ FDEOHV DUH WR EH ODLG SDUDOOHO ZLWK RWKHU FDEOHV WKHQ DW OHDVW D GLVWDQFH RI  FP LVPDLQWDLQHG EHWZHHQ WKHP 7KH FDEOH ODEHOV DUH LQWDFW RQ ERWK VLGHV RI SRZHU DQG JURXQGLQJ FDEOHV 7KH ODEHOV DUH DWWDFKHG DW DOPRVW  FP IURP FDEOHFRSSHU OXJ&RQ¿GHQWLDO DQG 3URSULHWDU\ ,QIRUPDWLRQ RI =7( &25325$7,21 $

$=;6'5 5 ,QVWDOODWLRQ 0DQXDO (QWLUH SRZHU DQG JURXQGLQJ FDEOHV DUH PDGH IURP RQH PDWHULDOZLWK QR FRQQHFWLRQV LQ EHWZHHQ $ VLQJOH JURXQGLQJ SRLQW RQ WKH JURXQGLQJ EXVEDU MXVW FRQQHFWVWR D SLHFH RI HTXLSPHQW &RSSHU OXJV RQ ERWK HQGV RI SRZHU DQG JURXQGLQJ FDEOHV DUHVROGHUHG RU SUHVVHG ¿UPO\ 7KH VKRUWHVW URXWH EHWZHHQ WKH JURXQGLQJ FDEOHV DQG JURXQGLQJ EXVEDU LV DGRSWHG 3RZHU DQG JURXQGLQJ FDEOHV DW FRQQHFWLQJ WHUPLQDOV DQG OXJKDQGOHV DUH SURSHUO\ LQVXODWHG XVLQJ HLWKHU LQVXODWHG WDSHV RUKHDW VKULQN WXEHV 7KH UHGXQGDQW OHQJWK RI SRZHU DQG JURXQGLQJ FDEOHV LV FXW WRDYRLG ZUDSSLQJ HDFK RWKHU(1' 2) 67(362SWLFDO )LEHU ,QVWDOODWLRQ &KHFN&RQWH[W 7KH ¿EHU FDEOH LQVWDOODWLRQ VKRXOG PHHW WKH IROORZLQJ VSHFL¿FDWLRQV6WHSV  'R QRW IROG RSWLFDO ¿EHU DW R )RU RSWLFDO ¿EHU WKDW LV WR EH ODLGRXWGRRUV PLQLPDO WZLVW UDGLXV VKRXOG EH DWOHDVW JUHDWHU WKDQ PP :KHUHDV IRU RSWLFDO ¿EHU WKDW LV WR EH ODLG LQGRRUVPLQLPDO WZLVW UDGLXV VKRXOG EH DWOHDVW JUHDWHU WKDQ  PP $IWHU LQVWDOODWLRQ DQ\ VXUSOXV RSWLFDO ¿EHU VKRXOG EH SXW EDFNLQ WKH ¿EHU FDUG IRU FRQYHQLHQFH 'XULQJ LQVWDOODWLRQ PLQLPL]H RSWLFDO ¿EHU WZLVW DQG WXUQ DVPXFK DV SRVVLEOH 7KH ELQGLQJ IRUFH VKRXOG EH SURSHU WR HQVXUH WKDW ELQGLQJ JDSVDUH OHVV  P 0DNH VXUH WKDW ODEHOV DW ERWK HQGV RI RSWLFDO ¿EHU DUH LQWDFWDQG FOHDU(1' 2) 67(36&KHFNLQJ 0DLQ $QWHQQD6\VWHP ,QVWDOODWLRQ6WHSV  (QVXUH WKH KHLJKW RI DQWHQQD LV FRQVLVWHQW ZLWK WKH QHWZRUNSODQQLQJ DQG WKH LQVWDOODWLRQ SRVLWLRQ LV FRQVLVWHQW ZLWK WKHHQJLQHHULQJ GHVLJQ GUDZLQJ (QVXUH WKH D]LPXWK DQG GRZQWLOW RI WKH DQWHQQD LV FRQVLVWHQWZLWK WKH HQJLQHHULQJ GHVLJQ GUDZLQJ &RQ¿GHQWLDO DQG 3URSULHWDU\ ,QIRUPDWLRQ RI =7( &25325$7,21$

$&KDSWHU  +DUGZDUH ,QVWDOODWLRQ ,QVSHFWLRQ (QVXUH WKH DQWHQQD LV ZLWKLQ WKH SURWHFWLRQ DUHD RI OLJKWQLQJURG (QVXUH WKH 96:5 QRW PRUH WKDQ  (QVXUH SURSHU FRQQHFWLRQ EHWZHHQ DQWHQQD DQG MXPSHU DV ZHOODV EHWZHHQ MXPSHU DQG PDLQ IHHGHU FRUUHFW 0DNH VXUH WKDW WKH MXPSHU DQG DQWHQQD DW WKH MXQFWLRQ NHHSVWUDLJKW ZLWKLQ FP DW OHDVW(1' 2) 67(36&RQ¿GHQWLDO DQG 3URSULHWDU\ ,QIRUPDWLRQ RI =7( &25325$7,21 $

$=;6'5 5 ,QVWDOODWLRQ 0DQXDO7KLV SDJH LV LQWHQWLRQDOO\ EODQN &RQ¿GHQWLDO DQG 3URSULHWDU\ ,QIRUPDWLRQ RI =7( &25325$7,21$

$& K D S W H U 3RZHU RQ DQG RII7DEOH RI &RQWHQWV3RZHU RQ 3UHSDUDWLRQ  3RZHU 21  3RZHU 2))  3RZHU RQ 3UHSDUDWLRQ&RQWH[W 0DNH VXUH WKDW IROORZLQJ FRQGLWLRQV DUH IXO¿OOHG EHIRUH SRZHULQJRQ=;6'5 56WHSV  0DNH VXUH WKDW LQSXW SRZHU VXSSO\ LV ZLWKLQ WKH DFFHSWDEOHUDQJH 0DNH VXUH WKDW SRZHU FDEOH FRQQHFWHG WR =;6'5 5 FDELQHWLV SURSHUO\ JURXQGHG(1' 2) 67(365HVXOW 7KH SUHSDUDWLRQ WR SRZHU RQ WKH FDELQHW LV VXFFHVVIXOO\ FRPSOHWHG3RZHU 21&RQWH[W 3HUIRUP WKH IROORZLQJ VWHSV WR SRZHURQ WKH =;6'5 56WHSV  7KHUH LV QR SRZHU VZLWFK 21 WKH =;6'5 5 FDELQHW &ORVHWKH H[WHUQDO SRZHU VZLWFK WR SRZHU RQ=;6'5 5 'XULQJ SRZHU 21 LI VRPH DEQRUPDO SKHQRPHQD RFFXUV GLVFRQQHFW WKH H[WHUQDO SRZHU VZLWFK RU WKH SOXJ LPPHGLDWHO\ DQGFKHFN WKH UHDVRQ(1' 2) 67(363RZHU 2))&RQWH[W 3HUIRUP WKH IROORZLQJ VWHSV WR SRZHU 2)) WKH =;6'5 5&RQ¿GHQWLDO DQG 3URSULHWDU\ ,QIRUPDWLRQ RI =7( &25325$7,21 $

$=;6'5 5 ,QVWDOODWLRQ 0DQXDO6WHSV  7KHUH LV QR SRZHU VZLWFK RQ WKH =;6'5 5 FDELQHW 'LVFRQQHFW WKH H[WHUQDO SRZHU VZLWFK WR SRZHU RII =;6'5 5(1' 2) 67(36 &RQ¿GHQWLDO DQG 3URSULHWDU\ ,QIRUPDWLRQ RI =7( &25325$7,21$

$$ S S H Q G L [ $&DELQHWFRPELQHG,QVWDOODWLRQ7DEOH RI &RQWHQWV&RPSRQHQWV 8VHG LQ &DELQHWFRPELQLQJ ,QVWDOODWLRQ 3HUIRUPLQJ &DELQHWFRPELQDWLRQ  &RPSRQHQWV 8VHGLQ &DELQHWFRPELQLQJ,QVWDOODWLRQ%\ FRPELQLQJ FDELQHWV WKH =;6'5 5 FDQ VXSSRUW  FDUULHUVHFWRUV )LJXUH  VKRZV WKH FRQQHFWLRQ IRU FRPELQLQJ WZR=;6'5 5 FDELQHWV&RQ¿GHQWLDO DQG 3URSULHWDU\ ,QIRUPDWLRQ RI =7( &25325$7,21 $

$=;6'5 5 ,QVWDOODWLRQ 0DQXDO),*85(  =;6'5 5 &$%,1(7&20%,1(' ,167$//$7,21&211(&7,21 )UHTXHQF\ 3RLQW ([WHQVLRQ &DEOH1RWH7KH 558 LQ )LJXUH  PHDQV WKH =;6'5 57KH GHVFULSWLRQ RI FDELQHWFRPELQHG FRQQHFWLRQ DUH DV IROORZV 7ZR =;6'5 5 FDELQHWV DUH FRQQHFWHG E\ WZR IUHTXHQF\SRLQW H[WHQVLRQ FDEOHV 7ZR =;6'5 5 FDELQHWV SURYLGHV PXWXDO UHFHLYLQJ GLYHUVLW\IRU HDFK RWKHU (DFK =;6'5 5 LV HTXLSSHG ZLWK RI D SDLURI DQWHQQD WR WUDQVPLW DQG UHFHLYH VLJQDOV7KH FRPSRQHQWV XVHG LQ WKH FDELQHWFRPELQHG LQVWDOODWLRQ DUH GHVFULEHG DV IROORZV :KLOH VHOHFWLQJ WKH SROHPRXQW LQVWDOODWLRQ UHIHU WR &RPSRQHQWV 8VHG LQ 3ROHPRXQW ,QVWDOODWLRQ&RPSRQHQWV 8VHGLQ 3ROHPRXQW ,QVWDOODWLRQ  ZKLOH VHOHFWLQJ WKH ZDOOPRXQWLQVWDOODWLRQ UHIHU WR &RPSRQHQWV 8VHG LQ :DOO0RXQW ,QVWDOODWLRQ&RPSRQHQWV 8VHG LQ :DOOPRXQW ,QVWDOODWLRQ ZKLOHVHOHFWLQJ WKH JDQWU\PRXQW LQVWDOODWLRQ UHIHU WR &RPSRQHQWV 8VHG LQ JDQWU\PRXQW ,QVWDOODWLRQ &RPSRQHQWV 8VHG LQ*DQWU\PRXQW ,QVWDOODWLRQ 7ZR IUHTXHQF\ SRLQW H[WHQVLRQ FDEOHV DUH SUHSDUHG &RQ¿GHQWLDO DQG 3URSULHWDU\ ,QIRUPDWLRQ RI =7( &25325$7,21$

$$SSHQGL[ $ &DELQHWFRPELQHG ,QVWDOODWLRQ3HUIRUPLQJ &DELQHWFRPELQDWLRQ6WHSV  6HOHFW D SURSHU LQVWDOODWLRQ PRGH SROHPRXQW LQVWDOODWLRQZDOOPRXQW LQVWDOODWLRQ DQG JDQWU\PRXQW DFFRUGLQJ WR WKHDFWXDO FRQGLWLRQV WR LQVWDOO WZR =;6'5 5 &RQQHFW WKH WZR IUHTXHQF\ SRLQW H[WHQVLRQ FDEOHV DV GHVFULEHG EHORZ &RQQHFW (QG $ RI D IUHTXHQF\ SRLQW H[WHQVLRQ FDEOH WR WKH5;LQ LQWHUIDFH RI D =;6'5 5 DQG (QG % WR WKH 5;RXWRI WKH RWKHU =;6'5 5 &RQQHFW (QG $ RI WKH RWKHU IUHTXHQF\ SRLQW H[WHQVLRQ FDEOHWR WKH 5;RXW RI WKH =;6'5 5 DQG (QG % WR WKH 5;LQ RI WKH RWKHU =;6'5 5(1' 2) 67(36&RQ¿GHQWLDO DQG 3URSULHWDU\ ,QIRUPDWLRQ RI =7( &25325$7,21 $

$=;6'5 5 ,QVWDOODWLRQ 0DQXDO7KLV SDJH LV LQWHQWLRQDOO\ EODQN &RQ¿GHQWLDO DQG 3URSULHWDU\ ,QIRUPDWLRQ RI =7( &25325$7,21$

$$ S S H Q G L [ %&DVFDGLQJ &DELQHW,QVWDOODWLRQ7DEOH RI &RQWHQWV&RPSRQHQWV 8VHG LQ &DVFDGLQJ ,QVWDOODWLRQ 3HUIRUPLQJ &DELQHW &DVFDGLQJ  &RPSRQHQWV 8VHG LQ&DVFDGLQJ ,QVWDOODWLRQ0XOWLSOH =;6'5 5 FDELQHWV FDQ EH FRQQHFWHG LQ VHULHV E\ XVLQJ RSWLFDO ¿EHUV IRUPLQJ D FKDLQ QHWZRUN )LJXUH  VKRZV WKHFDVFDGHG FDELQHWV),*85(  &$6&$'(' &$%,1(7 &211(&7,21&RQ¿GHQWLDO DQG 3URSULHWDU\ ,QIRUPDWLRQ RI =7( &25325$7,21 $

$=;6'5 5 ,QVWDOODWLRQ 0DQXDO1RWH7KH 558 LQ )LJXUH  PHDQV =;6'5 5 2QH =;6'5 5 LV FRQQHFWHG WR DQRWKHU =;6'5 5 RU WR%%8 E\ RSWLFDO ¿EHUV (DFK =;6'5 5 SURYLGHV WZR RSWLFDOSRUWV WKDW DUH LGHQWL¿HG E\ /& DQG /& UHVSHFWLYHO\ *HQHUDOO\ WKH /& VHUYH WR FRQQHFW WKH %%8 RU WKH XSSHU OHYHO=;6'5 5 ZKLOH WKH /& WR FRQQHFW WKH ORZHU OHYHO =;6'557KH FRPSRQHQWV XVHG LQ WKH FDVFDGLQJ LQVWDOODWLRQ DUH GHVFULEHGDV IROORZV :KLOH VHOHFWLQJ WKH SROHPRXQWHG LQVWDOODWLRQ UHIHU WR &RPSRQHQWV 8VHG LQ 3ROHPRXQW ,QVWDOODWLRQ&RPSRQHQWV 8VHG LQ3ROHPRXQW ,QVWDOODWLRQ  ZKLOH VHOHFWLQJ WKH ZDOOPRXQWHG LQVWDOODWLRQ UHIHU WR &RPSRQHQWV 8VHG LQ :DOO0RXQW ,QVWDOODWLRQ&RPSRQHQWV 8VHG LQ :DOOPRXQW ,QVWDOODWLRQ ZKLOH VHOHFWLQJ WKH JDQWU\PRXQW LQVWDOODWLRQ UHIHU WR &RPSRQHQWV 8VHG LQJDQWU\PRXQW ,QVWDOODWLRQ &RPSRQHQWV 8VHG LQ *DQWU\PRXQW,QVWDOODWLRQ &RQQHFW WKH RSWLFDO ¿EHU3HUIRUPLQJ &DELQHW&DVFDGLQJ6WHSV  6HOHFW D SURSHU LQVWDOODWLRQ PRGH SROHPRXQW RU ZDOOPRXQW WR LQVWDOO WKH =;6'5 5 FDELQHW 8VH RSWLFDO ¿EHUV WR FRQQHFW FDELQHWV LQ FDVFDGH)LJXUH  VKRZV WKH RSWLFDO ¿EHU WR FRQQHFW FDELQHW LQ FDVFDGH),*85(  =;6'5 5 237,&$/ ),%(5 )25 &$6&$'(' &$%,1(7)ROORZLQJ LV WKH FRQQHFWLRQ VFKHPHL &RQQHFW (QG $ RI RSWLFDO ¿EHU WR WKH /&/& LQWHUIDFH RI RQH =;6'5 5LL &RQQHFW (QG % RI RSWLFDO ¿EHU WR WKH /&/& LQWHUIDFH RI WKH RWKHU =;6'5 5(1' 2) 67(365HVXOW 7KH FDVFDGHG FDELQHWV DUH LQVWDOOHG VXFFHVVIXOO\ &RQ¿GHQWLDO DQG 3URSULHWDU\ ,QIRUPDWLRQ RI =7( &25325$7,21$

$$ S S H Q G L [ &2$87DEOH RI &RQWHQWV2$8 7HFKQLFDO ,QGLFHV  2$8 $SSHDUDQFH DQG ,QWHUIDFH ,QVWDOOLQJ 2$8 LQ 3ROHPRXQW 0RGH  ,QVWDOODWLRQ 2$8 LQ :DOOPRXQW 0RGH  ,QVWDOOLQJ 2$8 &DEOH  2$8 7HFKQLFDO ,QGLFHV7KH RXWGRRU $& XQLW 2$8 LV $&'& SRZHU 2QH 2$8 FDQ SURYLGH9 $& IRU RQH =;6'5 % DQG RQH =;6'5 5 & DW WKHVDPH WLPH WR UHDOL]H LQGLUHFW $& SRZHU VXSSO\ IRU =;6'5%DQG =;6'5 5 & 7HFKQLFDO ,QGLFHV 7KH 2$8 LV $&'& ODUJHSRZHU SRZHU ZLWK VLQJOHFLUFXLW RXWSXW7KH 2$8 SRVVHVVHV KLJK YROWDJHUHJXODWLRQ SUHFLVLRQ KLJK RXWSXWHI¿FLHQF\ DQG D ODUJH UDQJH RI LQSXW YROWDJH ,W SURYLGHV XQGHUYROWDJH SURWHFWLRQ IRU LQSXW DQG VKRUW FLUFXLW SURWHFWLRQ RYHUFXUUHQW SURWHFWLRQ DQG RYHUWHPSHUDWXUH SURWHFWLRQ ,Q DGGLWLRQ WKH2$8 KDV 'OHYHO OLJKWQLQJ IXQFWLRQ E\ LWVHOI DGRSWV GXVWSURRI DQGZDWHUSURRI GHVLJQ DQG VXSSRUWV RXWGRRU SROH DQG RQZDOO LQVWDOODWLRQ7DEOH  GHVFULEHV WKH WHFKQLFDO LQGLFHV RI 2$87$%/(  (1*,1((5,1* 7(&+1,&$/ ,1',&(6,WHP ,QGLFHV'LPHQVLRQ +î:î' PPîPPîPP:RUNWHPSHUDWXUHЯЯZKHQ WKH WHPSHUDWXUH LV XS WR ЯWKH ORDG RI SRZHU FDQ EH GHFUHDVHG E\ :RUN KXPLGLW\  5+a 5+7DEOH  GHVFULEHV LQSXW FKDUDFWHUV RI 2$8&RQ¿GHQWLDO DQG 3URSULHWDU\ ,QIRUPDWLRQ RI =7( &25325$7,21 $

$=;6'5 5 ,QVWDOODWLRQ 0DQXDO7$%/(  2$8 ,1387 &+$5$&7(56,WHP 8QLW0LQLPXP9DOXH7\SLFDO9DOXH0D[LPXP9DOXH,QSXWYROWDJHUDQJH 9DF   6WDUWXSYROWDJHUDQJH 9DF  ,QSXWIUHTXHQF\ +]   6WDUWXSLPSXOVHFXUUHQW $ 7DEOH  GHVFULEHV RXWSXW FKDUDFWHUV RI 2$87$%/(  2$8 287387 &+$5$&7(56,WHP 8QLW0LQLPXP9DOXH7\SLFDO9DOXH0D[LPXP9DOXH2XWSXWYROWDJHUDQJH 9GF   2XWSXWFXUUHQW $   9ROWDJHUHJXODWLRQSUHFLVLRQ /RDGUHJXODWLRQUDWH 2XWSXWSRZHU : 2$8 $SSHDUDQFH DQG,QWHUIDFH$SSHDUDQFH 7KH DSSHDUDQFH RI 2$8 LV DV VKRZQ LQ )LJXUH  &RQ¿GHQWLDO DQG 3URSULHWDU\ ,QIRUPDWLRQ RI =7( &25325$7,21$

$$SSHQGL[ & 2$8),*85(  2$8 $33($5$1&(,QWHUIDFH 7KH LQWHUIDFHV RI 2$8 LV DV VKRZQ LQ )LJXUH ),*85(  2$8 ,17(5)$&(6&RQ¿GHQWLDO DQG 3URSULHWDU\ ,QIRUPDWLRQ RI =7( &25325$7,21 $

$=;6'5 5 ,QVWDOODWLRQ 0DQXDO,QVWDOOLQJ 2$8 LQ 3ROHPRXQW0RGH3UHUHTXLVLWHV 8QSDFNLQJ DQG DFFHSWDQFH IRU RXWGRRU $& XQLW 2$8 LV HOLJLEOH&RQWH[W 7KH 2$8 SROHPRXQW PRGH FDQ DGRSW DQFKRU FODPS DVVHPEOLHVRU ¿[LQJ EUDFNHW DVVHPEOLHV 7KH DQFKRU FODPS DVVHPEOLHV DUHDV VKRZQ LQ )LJXUH  DQG WKH ¿[LQJ EUDFNHW DVVHPEOLHV DUH DVVKRZQ LQ )LJXUH ),*85(  $1&+25 &/$03 $66(0%/,(6),*85(  ),;,1* %5$&.(7 $66(0%/,(66WHSV  ,QVWDOO WKH DQFKRU FODPS DVVHPEOLHV RU WKH ¿[LQJ EUDFNHW DVVHPEOLHV,QVWDOO WZR VHWV RI DQFKRU FODPS DVVHPEOLHV RU WZR VHWV RI ¿[LQJEUDFNHWV RQWR WKH SROH DQG VFUHZ GRZQ D ELW ZLWK EROWV 7KHDQFKRU FODPS DVVHPEOLHV DV VKRZQ LQ )LJXUH  DQG WKH ¿[LQJEUDFNHWV DUH DV VKRZQ LQ )LJXUH  &RQ¿GHQWLDO DQG 3URSULHWDU\ ,QIRUPDWLRQ RI =7( &25325$7,21$

$$SSHQGL[ & 2$8),*85(  7:2 6(76 2) $1&+25 &/$03 $66(0%/,(6 ,W\SH FRPPRQ 0 KH[DJRQDO QXW 6WDQGDUG VSULQJ ZDVKHU  )ODW ZDVKHU  /RQJ DQFKRU FODPS 0î KH[DJRQ KHDG EROWIXOO WKUHDG&RQ¿GHQWLDO DQG 3URSULHWDU\ ,QIRUPDWLRQ RI =7( &25325$7,21 $

$=;6'5 5 ,QVWDOODWLRQ 0DQXDO7LS'XULQJ WZR =;6'5 5 LQVWDOODWLRQ WKH VXJJHVWHG SROH GLDPHWHU LV  WR  PP DQG WKHUH DUH WZR NLQGV RI EROW OHQJWKVf8VH WKH EROW RI OHQJWK  PP IRU SROH GLDPHWHU RI  PPWR  PPf8VH WKH EROW RI OHQJWK  PP IRU SROH GLDPHWHU RI  PPWR  PP),*85(  7:2 6(76 2) ),;,1* %5$&.(7 $66(0%/,(6 )L[LQJ %UDFNHW 0î KH[DJRQ KHDG EROWIXOO WKUHDG 6WDQGDUG VSULQJ ZDVKHU  )ODW ZDVKHU  ,W\SH FRPPRQ 0 KH[DJRQDO QXW ,QVWDOO WKH EUDFNHW RI 2$87KH EUDFNHW LV DV VKRZQ LQ )LJXUH  ,QVWDOO WKH EUDFNHWV RQWRWKH SROH LQVWHDG RI WKH VXSSRUWLQJ SDQHOV DV VKRZQ LQ )LJXUH DQG )LJXUH  6FUHZ GRZQ WKH EUDFNHWV &RQ¿GHQWLDO DQG 3URSULHWDU\ ,QIRUPDWLRQ RI =7( &25325$7,21$

$$SSHQGL[ & 2$8),*85(  2$8 %5$&.(7 ,QVWDOODWLRQ SROH),*85(  7:2 6(76 2) 6833257,1* 3$1(/6 0î KH[DJRQ KHDG EROW 6WDQGDUG VSULQJ ZDVKHU  %LJ ÀDW ZDVKHU  ,QVXODWLRQ ÀDQJH 6XSSRUWLQJ SDQHO ,QVXODWLRQ ERDUG /RQJ DQFKRU FODPS&RQ¿GHQWLDO DQG 3URSULHWDU\ ,QIRUPDWLRQ RI =7( &25325$7,21 $

$=;6'5 5 ,QVWDOODWLRQ 0DQXDO),*85(  7+5(( 6(76 2) 6833257,1* 3$1(/6 )L[LQJ EUDFNHW ,QVXODWLRQ ERDUG 6XSSRUWLQJ SDQHO ,QVXODWLRQ ÀDQJH %LJ ÀDW ZDVKHU  6WDQGDUG VSULQJ ZDVKHU  0î KH[DJRQ KHDG EROW ,QVWDOO WKH 2$8L $V VKRZQ LQ WKH )LJXUH  IDVWHQ WKH 2$8 WR WKH EUDFNHWVZLWK WKH 0 KH[DJRQ KHDG VFUHZV DFFRUGLQJ WR WKH DUURZKHDG GLUHFWLRQ &RQ¿GHQWLDO DQG 3URSULHWDU\ ,QIRUPDWLRQ RI =7( &25325$7,21$

$$SSHQGL[ & 2$8),*85(  2$8 ,167$//$7,21  ,QVWDOODWLRQ GLUHFWLRQLL $V VKRZQ LQ WKH )LJXUH  FRQQHFW WKH 2$8 ÀDW ZDVKHUVSULQJ ZDVKHU DQG 0 QXW ZLWK WKH 0 KH[DJRQ KHDG VFUHZVDFFRUGLQJ WR WKH DUURZKHDG GLUHFWLRQ 6FUHZ GRZQ WKH 0QXW DW WKH EDFN RI EUDFNHW LQ RUGHU WR IDVWHQ WKH 2$8 DQGWKH EUDFNHW&RQ¿GHQWLDO DQG 3URSULHWDU\ ,QIRUPDWLRQ RI =7( &25325$7,21 $

$=;6'5 5 ,QVWDOODWLRQ 0DQXDO),*85(  2$8 ,167$//$7,21 (1' 2) 67(36,QVWDOODWLRQ 2$8 LQ:DOOPRXQW 0RGH3UHUHTXLVLWHV 8QSDFNLQJ DQG DFFHSWDQFH IRU RXWGRRU $& XQLW 2$8 LV HOLJLEOH6WHSV  ,QVWDOO D UDFNL $V VKRZQ LQ WKH )LJXUH  GULOO KROHV ZLWK 0 GULOO RQWKH ZDOO DQG NQRFN WKH 0 H[SDQVLRQ SLSHV LQWR WKH KROHV0DNH VXUH WKH H[SDQVLRQ EROWV HUHFWHG ZLWK WKH ZDOO &RQ¿GHQWLDO DQG 3URSULHWDU\ ,QIRUPDWLRQ RI =7( &25325$7,21$

$$SSHQGL[ & 2$8),*85(  2$8 5$&. ,QVWDOODWLRQ KROHLL $OLJQ LQVWDOODWLRQ KROHV RQ WKH EUDFNHW WR H[WHQVLRQ SLSHVRQ WKH ZDOO $IWHU KDQJLQJ WKH EUDFNHW URWDWH WKH VHOIGULOOLQJ VFUHZ DVVHPEOHG ZLWK D ELJ ÀDW ZDVKHU DQG D VSULQJZDVKHU LQWR WKH H[SDQVLRQ SLSH 6FUHZ GRZQ WKH EROW ZLWKD ZUHQFK ,QVWDOO WKH 2$8L $V VKRZQ LQ WKH )LJXUH  IDVWHQ WKH 2$8 WR WKH EUDFNHWVZLWK WKH 0 KH[DJRQ KHDG VFUHZV DFFRUGLQJ WR WKH DUURZKHDG GLUHFWLRQ&RQ¿GHQWLDO DQG 3URSULHWDU\ ,QIRUPDWLRQ RI =7( &25325$7,21 $

$=;6'5 5 ,QVWDOODWLRQ 0DQXDO),*85(  2$8 ,167$//$7,21  ,QVWDOODWLRQ GLUHFWLRQLL $V VKRZQ LQ WKH )LJXUH  FRQQHFW WKH 2$8 ÀDW ZDVKHUVSULQJ ZDVKHU DQG 0 QXW ZLWK WKH 0 KH[DJRQ KHDG VFUHZVDFFRUGLQJ WR WKH DUURZKHDG GLUHFWLRQ 6FUHZ GRZQ WKH 0QXW DW WKH EDFN RI EUDFNHW LQ RUGHU WR IDVWHQ WKH 2$8 DQGWKH EUDFNHW &RQ¿GHQWLDO DQG 3URSULHWDU\ ,QIRUPDWLRQ RI =7( &25325$7,21$

$$SSHQGL[ & 2$8),*85(  2$8 ,167$//$7,21 (1' 2) 67(36,QVWDOOLQJ 2$8 &DEOH3UHUHTXLVLWHV 7KH 2$8 LQVWDOODWLRQ LV FRPSOHWHG&RQWH[W 7KH 2$8 FDQ SURYLGH 9 SRZHU VXSSO\ IRU RQH =;6'5 %& DQG RQH =;6'5 5 DW WKH VDPH WLPH,I WKH 2$8 LV LQVWDOOHG RXWVLGHV LW LV UHTXLUHG WR FRQ¿JXUH DQ $&OLJKWQLQJ ER[ )RU LQGRRU LQVWDOODWLRQ LI WKH $& SRZHU FDEOH LV GLVWULEXWHG RXWGRRUV LW LV DOVR UHTXLUHG WR FRQ¿JXUH DQ $& OLJKWQLQJER[6WHSV  ,QVWDOO D ZDWHUSURRI HQG FDSL 5HIHUULQJ WR WKH )LJXUH  DQG )LJXUH  ORRVHQ RII WKHZDWHUSURRI HQG FDS&RQ¿GHQWLDO DQG 3URSULHWDU\ ,QIRUPDWLRQ RI =7( &25325$7,21 $

$=;6'5 5 ,QVWDOODWLRQ 0DQXDO),*85(  :$7(53522) (1' &$3 :DWHUSURRI HQG FDS),*85(  /226( 2)) :$7(53522) (1' &$3 :DWHUSURRI HQG FDSLL 5HPRYH WKH ZDWHUSURRI HQG FDS DQG ORRVH RII WKH QXW RI ZDWHUSURRI HQG FDS DV VKRZQ LQ )LJXUH  &RQ¿GHQWLDO DQG 3URSULHWDU\ ,QIRUPDWLRQ RI =7( &25325$7,21$

$$SSHQGL[ & 2$8),*85(  :$7(53522) (1' &$3 6758&785( 1XW :DWHUSURRI ULQJ :DWHUSURRI HQG FDSLLL ,QVWDOO WKH ZDWHUSURRI HQG FDS RQWR WKH 2$8 DQG VFUHZGRZQ LW DV VKRZQ LQ )LJXUH ),*85(  :$7(53522) (1' &$3 ,167$//$7,21 :DWHUSURRI HQG FDS 'LVDVVHPEOH WKH 2$8 DQG FRQQHFW WKH $& SRZHU FDEOH ZLWK WKH'& SRZHU FDEOH 7KH FRQQHFWLRQ RI $& FDEOH LV DV VKRZQ LQ)LJXUH &RQ¿GHQWLDO DQG 3URSULHWDU\ ,QIRUPDWLRQ RI =7( &25325$7,21 $

$=;6'5 5 ,QVWDOODWLRQ 0DQXDO&DXWLRQ :KLOH FRQQHFWLQJ WKH $& SRZHU FDEOH ¿UVW FRQQHFW WKH 3(FDEOH 1 FDEOH DQG / FDEOH )RU GLVFRQQHFWLQJ WKH VHTXHQFHLV RSSRVLWH ¿UVW WKH / FDEOH 1 FDEOH DQG ¿QDOO\ 3( FDEOH %HIRUH SRZHU RQ ¿UVW FRQ¿UP WKH 3( FDEOH JURXQGLQJ ZHOO'XULQJ PDLQWHQDQFH ¿UVW GLVFRQQHFW WKH $& LQSXW DQG WKHQSHUIRUP RWKHU RSHUDWLRQ $IWHU FXW RII WKH SRZHU ZDLW IRU IRXU PLQXWHV DW OHDVW XQWLOWKH FDSDFLW\ GLVFKDUJH HQRXJK DQG WKHQ SHUIRUP PDLQWHQDQFH RSHUDWLRQ IRU WKH 2$8),*85(  $& 32:(5 &$%/( &211(&7,21 :DWHUSURRI HQG FDS1RWH7KH FDEOH FRORU GHFLGHV RQ VLWH &RQQHFW RQH $& OLJKWQLQJ ER[ WKUHH 2$8V DQG WKUHH =;6'55 DV VKRZQ LQ )LJXUH  )RU WKH FRQQHFWLRQ EHWZHHQ2$8 DQG =;6'5 % & SOHDVH UHIHU WR WKH )LJXUH  &RQ¿GHQWLDO DQG 3URSULHWDU\ ,QIRUPDWLRQ RI =7( &25325$7,21$

$$SSHQGL[ & 2$8),*85(  21( $& /,*+71,1* %2;7+5(( 2$86 $1' 7+5((5 &$%/( &211(&7,21 $& SRZHU FDEOH )RU RXWGRRULQVWDOODWLRQ WKUHHFRUH RXWGRRU DOXPLQXPIRLO VKLHOGLQJSRZHU FDEOH IRU LQGRRU LQVWDOODWLRQ 39& VKHDWK SRZHUFDEOH WKH FDEOH OHQJWK GHSHQGV RQ VXUYH\ RQ VLWH *URXQGLQJ FDEOH RI JURXQGLQJNLW ZLWK  P ORQJ *URXQGLQJ FDEOH \HOORZDQGJUHHQ ¿UHUHWDUGDQW FDEOHWKH OHQJWK LV OHVV WKDQ  P $& SRZHU FDEOH WKUHHFRUHRXWGRRU DOXPLQXPIRLO VKLHOGLQJ SRZHU FDEOH WKH FDEOHOHQJWK GHSHQGV RQ VXUYH\ RQVLWH $& SRZHU FDEOH WKUHHFRUHRXWGRRU DOXPLQXPIRLO VKLHOGLQJ SRZHU FDEOH WKH FDEOHOHQJWK GHSHQGV RQ VXUYH\ RQVLWH $& SRZHU FDEOH WKUHHFRUHRXWGRRU DOXPLQXPIRLO VKLHOGLQJ SRZHU FDEOH WKH FDEOHOHQJWK GHSHQGV RQ VXUYH\ RQVLWH '& SRZHU FDEOH IRXUFRUHZLWK  P ORQJ *URXQGLQJ FDEOH \HOORZDQGJUHHQ ¿UHUHWDUGDQW FDEOHWKH OHQJWK LV OHVV WKDQ  P(1' 2) 67(36&RQ¿GHQWLDO DQG 3URSULHWDU\ ,QIRUPDWLRQ RI =7( &25325$7,21 $

$=;6'5 5 ,QVWDOODWLRQ 0DQXDO7KLV SDJH LV LQWHQWLRQDOO\ EODQN &RQ¿GHQWLDO DQG 3URSULHWDU\ ,QIRUPDWLRQ RI =7( &25325$7,21$

$$ S S H Q G L [ '2/37DEOH RI &RQWHQWV2/3 7HFKQLFDO ,QGLFHV  2/3 $SSHDUDQFH DQG ,QWHUIDFH  2/3 ,QVWDOODWLRQ 'HVFULSWLRQ 2/3 7HFKQLFDO ,QGLFHV7KH RXWGRRU '& OLJKWQLQJ ER[ 2/3± LV XVHG IRU VXUJH SURWHFWLRQ RI =;6'5 5 7KH IROORZLQJ GHVFULEHV LWV FKDUDFWHUV$GRSW SURWHFWLYH FLUFXLW IRU WZR SRUWV ZLWK ORZ UHVLGXDO YROWDJHDQG JRRG SURWHFWLYH SHUIRUPDQFH$GRSW WKH WHPSHUDWXUHFRQWURO EURNHQFLUFXLW WHFKQRORJ\ WRDYRLG ¿UH KD]DUGV$GRSW SUHVVXUHVHQVLWLYH SDUDOOHO FRQQHFWLRQ WR HQGXUH VXVWDLQLQJ OLJKWQLQJ VWULNH$GRSW DQ DODUP UHSRUW IXQFWLRQ IRU UHPRWH PRQLWRULQJ(QJLQHHULQJ7HFKQLFDO ,QGLFHV7DEOH  GHVFULEHV WKH HQJLQHHULQJ WHFKQLFDO LQGLFHV RI RXWGRRU '&OLJKWQLQJ ER[7$%/(  (1*,1((5,1* 7(&+1,&$/ ,1',&(6,WHP ,QGH['LPHQVLRQ +î:î' PPîPPîPP1RPLQDO ZRUN YROWDJH ±9'&0D[LPXP FRQWLQXRXVUXQQLQJ YROWDJH±9'&:RUN WHPSHUDWXUH ЯЯ:RUN KXPLGLW\  5+a 5+Я&RQ¿GHQWLDO DQG 3URSULHWDU\ ,QIRUPDWLRQ RI =7( &25325$7,21 $

$=;6'5 5 ,QVWDOODWLRQ 0DQXDO2/3 $SSHDUDQFH DQG,QWHUIDFH$SSHDUDQFH )LJXUH  VKRZV WKH DSSHDUDQFH RI RXWGRRU '& OLJKWQLQJ ER[),*85(  287'225 '& /,*+71,1* %2; $33($5$1&(,QWHUIDFH )LJXUH  VKRZV WKH LQWHUIDFHV RI RXWGRRU '& OLJKWQLQJ ER[ &RQ¿GHQWLDO DQG 3URSULHWDU\ ,QIRUPDWLRQ RI =7( &25325$7,21$

$$SSHQGL[ ' 2/3),*85(  287'225 '& /,*+71,1* %2; ,17(5)$&(2/3 ,QVWDOODWLRQ'HVFULSWLRQ,QVWDOODWLRQ )LJXUH  LOOXVWUDWHV SDUWV WR SURYLGH IRU SROH LQVWDOODWLRQ RI RXWGRRU '& OLJKWQLQJ ER[ )LJXUH  VKRZV WKH DSSHDUDQFH DIWHULQVWDOODWLRQ FRPSOHWLRQ&RQ¿GHQWLDO DQG 3URSULHWDU\ ,QIRUPDWLRQ RI =7( &25325$7,21 $

$=;6'5 5 ,QVWDOODWLRQ 0DQXDO),*85(  ,167$//$7,21 3$576 &RPELQHG EROW 0î 3ODLQ ZDVKHU  6SULQJ ZDVKHU  1XW 0 2XWGRRU '& OLJKWQLQJ ER[ 2/30 VXSSRUW  2/30 VXSSRUW  +H[DJRQ EROW 0î &RQ¿GHQWLDO DQG 3URSULHWDU\ ,QIRUPDWLRQ RI =7( &25325$7,21$

$$SSHQGL[ ' 2/3),*85(  287'225 '& /,*+71,1* 32/( ,167$//$7,21 3ROH =;6'5 5 & :DYH WUDS 2XWGRRU '& OLJKWQLQJ ER[&DEOH &RQQHFWLRQ 7DNH DSDUW D FDELQHW DQG FRQQHFW FDEOHV DV VKRZQ LQ )LJXUH &RQQHFW RQH RXWGRRU '& OLJKWQLQJ ER[ ZLWK RQH RU WZR 558  DVVKRZQ LQ )LJXUH &RQ¿GHQWLDO DQG 3URSULHWDU\ ,QIRUPDWLRQ RI =7( &25325$7,21 $

$=;6'5 5 ,QVWDOODWLRQ 0DQXDO),*85(  287'225 '& /,*+71,1* %2; ,17(5)$&(6 &RQ¿GHQWLDO DQG 3URSULHWDU\ ,QIRUPDWLRQ RI =7( &25325$7,21$

$$SSHQGL[ ' 2/3&DXWLRQ :KLOH FRQQHFWLQJ FDEOHV RI OLJKWQLQJ ER[ LW LV UHTXLUHG WR SXWWKH FDEOH WKURXJK WKH KROH RI ZDWHUSURRI FRQQHFWRU DW WKH ERWWRP RI ER[ )LUVW FRQQHFW WKH JURXQG FDEOHV DQG WKHQ FRQQHFW RWKHU FDEOHV:KLOH GLVFRQQHFWLQJ ¿QDOO\ UHPRYH WKH JURXQG FDEOH),*85(  287'225 '& /,*+71,1* &211(&7,21 '& SRZHU FDEOH WZRFRUH RXWGRRUVKLHOGHG SRZHU FDEOH WKH VKLHOGHGOD\HU LV JURXQGLQJ LQVLGH WKH OLJKWLQJ ER[ WKH FDEOH OHQJWK GHSHQGVRQ WKH RQVLWH VXUYH\ *URXQGLQJ FDEOH \HOORZDQGJUHHQ ¿UHUHWDUGDQW FDEOH WKHOHQJWK LV OHVV WKDQ  P '& SRZHU FDEOH IRXUFRUH ZLWK P ORQJ 'DWD FDEOH HLJKWSDLU WZLVWHGSDLURXWGRRU GDWD FDEOH ZLWK  P ORQJ *URXQGLQJ FDEOH \HOORZDQGJUHHQ ¿UHUHWDUGDQW FDEOH WKHOHQJWK LV OHVV WKDQ  P&RQ¿GHQWLDO DQG 3URSULHWDU\ ,QIRUPDWLRQ RI =7( &25325$7,21 $

$=;6'5 5 ,QVWDOODWLRQ 0DQXDO7KLV SDJH LV LQWHQWLRQDOO\ EODQN &RQ¿GHQWLDO DQG 3URSULHWDU\ ,QIRUPDWLRQ RI =7( &25325$7,21$

$$ S S H Q G L [ (,/37DEOH RI &RQWHQWV,/3 7HFKQLFDO ,QGLFHV  ,/3 $SSHDUDQFH DQG ,QWHUIDFH  ,/3 ,QVWDOODWLRQ 'HVFULSWLRQ ,/3 7HFKQLFDO ,QGLFHV)RU =;6'5 5 RXWGRRU LQVWDOODWLRQ LI WKH '& SRZHU LV H[SRUWHGIURP WKH HTXLSPHQW URRP DQG WKH RXWSXW SRUW RI LQGRRU '& SRZHULV QRW FRQ¿JXUHG ZLWK D %OHYHO RU DERYH OLJKWQLQJ GHYLFHV LW LVUHTXLUHG WR LQVWDOO DQ LQGRRU '& OLJKWLQJ ER[ ,/3± DW WKH VLGHRI HTXLSPHQW URRP7KH LQGRRU '& OLJKWQLQJ ER[ FRQWDLQV WKUHH LQGLYLGXDO '& 9 '&OLJKWQLQJV 7KHLU FKDUDFWHUV DUH GHVFULEHG DV IROORZV $GRSW WKH WHPSHUDWXUHFRQWURO EURNHQFLUFXLW WHFKQRORJ\ WRDYRLG ¿UH KD]DUGV $GRSW DQ DODUP UHSRUW IXQFWLRQ IRU UHPRWH PRQLWRULQJ $GRSW GRXEOHFRORU LQGLFDWRUV WR GLUHFWO\ DQG FOHDUO\ LQGLFDWHZRUNLQJ VWDWXV(QJLQHHULQJ7HFKQLFDO ,QGLFHV7DEOH  GHVFULEHV WKH HQJLQHHULQJ WHFKQLFDO LQGLFHV RI LQGRRU '&OLJKWQLQJ ER[7$%/(  (1*,1((5,1* 7(&+1,&$/ ,1',&(6,WHP ,QGH['LPHQVLRQ +î:î' PPîPPîPP QRWLQFOXGH WKH KHLJKW RI ORFN RQ WKH XSSHUFRYHU1RPLQDO ZRUN YROWDJH ±9'&0D[LPXP FRQWLQXRXVUXQQLQJ YROWDJH±9'&:RUN WHPSHUDWXUH ЯЯ:RUN KXPLGLW\  5+&RQ¿GHQWLDO DQG 3URSULHWDU\ ,QIRUPDWLRQ RI =7( &25325$7,21 $

$=;6'5 5 ,QVWDOODWLRQ 0DQXDO,/3 $SSHDUDQFH DQG,QWHUIDFH$SSHDUDQFH )LJXUH  VKRZV WKH DSSHDUDQFH RI LQGRRU '& OLJKWQLQJ ER[),*85(  ,1'225 '& /,*+71,1* %2; $33($5$1&(,QWHUIDFH )LJXUH  VKRZV WKH LQWHUIDFHV RI LQGRRU '& OLJKWQLQJ ER[ &RQ¿GHQWLDO DQG 3URSULHWDU\ ,QIRUPDWLRQ RI =7( &25325$7,21$

$$SSHQGL[ ( ,/3),*85(  ,1'225 '& /,*+71,1* %2; ,17(5)$&(6,/3 ,QVWDOODWLRQ'HVFULSWLRQ,QVWDOODWLRQ 7KH LQGRRU '& OLJKWLQJ ER[ DGRSWV DQ RQZDOO LQVWDOODWLRQ PRGH'ULOO KROH RQ WKH ZDOO RI HTXLSPHQW URRP DFFRUGLQJ WR LQVWDOODWLRQSROH SRVLWLRQV RQ WKH OLJKWQLQJ ER[ 6HOHFW IRXU 0î RU PRUHORQJHU H[SDQVLRQ EROWV WR IDVWHQ WKH OLJKWQLQJ ER[ RQ WKH ZDOO&DEOH &RQQHFWLRQ )LJXUH  LOOXVWUDWHV FDEOH FRQQHFWLRQ RI OLJKWQLQJ ER[&RQ¿GHQWLDO DQG 3URSULHWDU\ ,QIRUPDWLRQ RI =7( &25325$7,21 $

$=;6'5 5 ,QVWDOODWLRQ 0DQXDO&DXWLRQ)LUVW FRQQHFW WKH JURXQGLQJ FDEOH DQG WKHQ RWKHU FDEOHV :KLOHGLVFRQQHFWLQJ ¿QDOO\ UHPRYH WKH JURXQGLQJ FDEOH),*85(  ,1'225 '& /,*+71,1* %2; &$%/( &211(&7,21 127&211(&7 :,7+ 5(027( $/$50 '& SRZHU FDEOH WZRFRUH RXWGRRUVKLHOGHG SRZHU FDEOH WKH VKLHOGHGOD\HU LV JURXQGLQJ LQVLGH WKH OLJKWLQJ ER[ WKH FDEOH OHQJWK GHSHQGVRQ WKH RQVLWH VXUYH\ '& SRZHU FDEOH WZRFRUH RXWGRRUVKLHOGHG SRZHU FDEOH WKH FDEOHOHQJWK GHSHQGV RQ WKH RQVLWH VXUYH\ *URXQGLQJ FDEOH \HOORZDQGJUHHQ ¿UHUHWDUGDQW FDEOH WKHOHQJWK LV OHVV WKDQ  P &RQ¿GHQWLDO DQG 3URSULHWDU\ ,QIRUPDWLRQ RI =7( &25325$7,21$

$$ S S H Q G L [ )$& /LJKWQLQJ $UUHVWHU7DEOH RI &RQWHQWV$& /LJKWQLQJ 7HFKQLFDO ,QGLFHV $& /LJKWQLQJ $SSHDUDQFH DQG ,QWHUIDFH  $& /LJKWQLQJ ,QVWDOODWLRQ 'HVFULSWLRQ  ,QVWDOOLQJ 6KLHOGHG *URXQGLQJ .LW  $& /LJKWQLQJ 7HFKQLFDO,QGLFHV7KH SURWHFWLYH FLUFXLW RI $& OLJKWQLQJ FRQVLVWV RI SRZHU SURWHFWLRQDQG VLJQDO SURWHFWLRQ UHVSHFWLYHO\ XVHG IRU OLJKWQLQJ VXUJH SURWHFWLRQ RI VXSSO\ SRZHU DQG FLUFXLW LQWHUIDFH7KH FKDUDFWHUV RI SRZHU SURWHFWLRQ DUH GHVFULEHG DV IROORZV$GRSW VHULHV SURWHFWLYH FLUFXLW ZLWK ORZ UHVLGXDO YROWDJH DQGJRRG SURWHFWLYH SHUIRUPDQFH$GRSW WKH WHPSHUDWXUHFRQWURO EURNHQFLUFXLW WHFKQRORJ\ WRDYRLG ¿UH KD]DUGV$GRSW SUHVVXUHVHQVLWLYH SDUDOOHO FRQQHFWLRQ WR HQGXUH VXVWDLQLQJ OLJKWQLQJ VWULNH7KH FKDUDFWHUV RI VLJQDO SURWHFWLRQ DUH GHVFULEHG DV IROORZV/DUJH GLVFKDUJH FXUUHQW/RZ UHVLGXDO YROWDJH DQG JRRG SURWHFWLYH SHUIRUPDQFH(LJKW VLJQDO SURWHFWLRQ FLUFXLWV(QJLQHHULQJ7HFKQLFDO ,QGLFHV7DEOH  GHVFULEHV WKH HQJLQHHULQJ WHFKQLFDO LQGLFHV RI $& OLJKWQLQJER[&RQ¿GHQWLDO DQG 3URSULHWDU\ ,QIRUPDWLRQ RI =7( &25325$7,21 $

$=;6'5 5 ,QVWDOODWLRQ 0DQXDO7$%/(  (1*,1((5,1* 7(&+1,&$/ ,1',&(6,WHP ,QGH['LPHQVLRQ +î:î' PPîPPîPP5DWLQJ ZRUN YROWDJH a9 $&+]0D[LPXP FRQWLQXRXVUXQQLQJ YROWDJH9 $&:RUN WHPSHUDWXUH ЯЯ:RUN KXPLGLW\ 5+a 5+Я$OWLWXGH P$& /LJKWQLQJ $SSHDUDQFHDQG ,QWHUIDFH$SSHDUDQFH )LJXUH  LOOXVWUDWHV WKH DSSHDUDQFH RI $& OLJKWQLQJ ER[ &RQ¿GHQWLDO DQG 3URSULHWDU\ ,QIRUPDWLRQ RI =7( &25325$7,21$

$$SSHQGL[ ) $& /LJKWQLQJ $UUHVWHU),*85(  $& /,*+71,1* %2; $33($5$1&(,QWHUIDFH )LJXUH  LOOXVWUDWHV WKH LQWHUIDFHV RI $& OLJKWQLQJ ER[),*85(  $& /,*+71,1* %2; ,17(5)$&(&RQ¿GHQWLDO DQG 3URSULHWDU\ ,QIRUPDWLRQ RI =7( &25325$7,21 $

$=;6'5 5 ,QVWDOODWLRQ 0DQXDO$& /LJKWQLQJ ,QVWDOODWLRQ'HVFULSWLRQ:KHQ WKH =;6'5 5 & LV LQVWDOOHG RXWVLGHV LW LV UHTXLUHG WRFRQ¿JXUH $& OLJKWQLQJ ER[ IRU $& SRZHU VXSSO\ :KHQ WKH =;6'55 LV LQVWDOOHG RXWVLGHV LW LV UHTXLUHG WR FRQ¿JXUH $& OLJKWQLQJER[ DW WKH IURQW RI RXWGRRU $& XQLW 2$8 IRU LQGLUHFW $& SRZHUVXSSO\,QVWDOODWLRQ )LJXUH  LOOXVWUDWHV SDUWV WR SURYLGH IRU SROH LQVWDOODWLRQ RI $&OLJKWQLQJ ER[ )LJXUH  VKRZV WKH DSSHDUDQFH DIWHU LQVWDOODWLRQFRPSOHWLRQ),*85(  $& /,*+71,1* %2; ,167$//$7,21 3$576 *URXQGLQJ FRSSHU EDU 6SULQJ ZDVKHU 0 )ODW ZDVKHU 0 1XW 0 $& OLJKWQLQJ ER[ ,QVWDOODWLRQ VXSSRUW &RPELQHG EROW 0î )DVWHQHU &RQ¿GHQWLDO DQG 3URSULHWDU\ ,QIRUPDWLRQ RI =7( &25325$7,21$

$$SSHQGL[ ) $& /LJKWQLQJ $UUHVWHU),*85(  $& /,*+71,1* 32/( ,167$//$7,21 3ROH =;6'5 5 & :DYH WUDS $& OLJKWQLQJ ER[&DEOH &RQQHFWLRQ 8QSDFN D FDELQHW DQG FRQQHFW FDEOHV&RQ¿GHQWLDO DQG 3URSULHWDU\ ,QIRUPDWLRQ RI =7( &25325$7,21 $

$=;6'5 5 ,QVWDOODWLRQ 0DQXDO&DXWLRQ )LUVW FRQQHFW WKH JURXQGLQJ FDEOH DQG WKHQ RWKHU FDEOHV :KLOHGLVFRQQHFWLQJ ¿QDOO\ UHPRYH WKH JURXQGLQJ FDEOH 7KH FDEOH WR FRQQHFW WKH OLJKWQLQJ ER[ PXVW EH SXW WKURXJK DKROH RI ZDWHUSURRI FRQQHFWRU DW WKH ERWWRP RI ER[ $IWHU FRQQHFWLRQ FRPSOHWHG DQG FKHFNHG VFUHZ GRZQ DOO ZDWHUSURRI FRQQHFWRUV DQG ZUDS ZDWHUSURRI FRQQHFWRUV DQG FDEOHV ZLWK ZDWHUSURRI DGKHVLYH WDSH&RQQHFW RQH $& OLJKWQLQJ ER[ ZLWK RQH RU WZR =;6'5 5& DV VKRZQ LQ )LJXUH ),*85(  21( $& /,*+71,1* %2; $1' 21( 25 7:2 5 &$%/(&211(&7,21 $& SRZHU FDEOH WKUHHFRUH RXWGRRU EUDLG DQG DOXPLQXP IRLOVKLHOGLQJ FDEOH WKH FDEOH OHQJWKGHSHQGV RQ RQVLWH VXUYH\ *URXQGLQJ NLW JURXQGLQJ FDEOHWZRFRUH SRZHU FDEOH ZLWK  PORQJ *URXQGLQJ FDEOH \HOORZDQGJUHHQ ¿UHUHWDUGDQW FDEOH WKHOHQJWK LV OHVV WKDQ  P $& SRZHU FDEOH VRIW FDEOH DQG WKHOHQJWK GHSHQGV RQ RQVLWH VXUYH\ *URXQGLQJ FDEOH \HOORZDQGJUHHQ ¿UHUHWDUGDQW FDEOH WKHOHQJWK LV OHVV WKDQ  P&RQQHFW WZR $& OLJKWQLQJ ER[ ZLWK WKUHH =;6'5 5 & DVVKRZQ LQ )LJXUH  &RQ¿GHQWLDO DQG 3URSULHWDU\ ,QIRUPDWLRQ RI =7( &25325$7,21$

$$SSHQGL[ ) $& /LJKWQLQJ $UUHVWHU),*85(  7:2 $& /,*+71,1* %2; $1' 7+5(( 5 &$%/(&211(&7,21± &DEOH W\SH UHIHUV WR )LJXUH &RQQHFW RQH $& OLJKWQLQJ ER[ WKUHH 2$8V ZLWK WKUHH =;6'55 DV VKRZQ LQ )LJXUH &RQ¿GHQWLDO DQG 3URSULHWDU\ ,QIRUPDWLRQ RI =7( &25325$7,21 $

$=;6'5 5 ,QVWDOODWLRQ 0DQXDO),*85(  21( $& /,*+71,1* %2;7+5(( 2$86 $1' 7+5(( 5&$%/( &211(&7,21 $& SRZHU FDEOH )RU RXWGRRU LQVWDOODWLRQ WKUHHFRUH RXWGRRU DOXPLQXPIRLO VKLHOGLQJ SRZHU FDEOHIRU LQGRRU LQVWDOODWLRQ 39& VKHDWKSRZHU FDEOH WKH FDEOH OHQJWK GHSHQGV RQ VXUYH\ RQ VLWH *URXQGLQJ FDEOH RI JURXQGLQJ NLWZLWK  P ORQJ *URXQGLQJ FDEOH \HOORZDQGJUHHQ ¿UHUHWDUGDQW FDEOH WKHOHQJWK LV OHVV WKDQ  P $& SRZHU FDEOH WKUHHFRUH RXWGRRU DOXPLQXPIRLO VKLHOGLQJSRZHU FDEOH WKH FDEOH OHQJWK GHSHQGV RQ VXUYH\ RQ VLWH $& SRZHU FDEOH WKUHHFRUH RXWGRRU DOXPLQXPIRLO VKLHOGLQJSRZHU FDEOH WKH FDEOH OHQJWK GHSHQGV RQ VXUYH\ RQ VLWH $& SRZHU FDEOH WKUHHFRUH RXWGRRU DOXPLQXPIRLO VKLHOGLQJSRZHU FDEOH WKH FDEOH OHQJWK GHSHQGV RQ VXUYH\ RQ VLWH '& SRZHU FDEOH IRXUFRUH ZLWK P ORQJ *URXQGLQJ FDEOH \HOORZDQGJUHHQ ¿UHUHWDUGDQW FDEOH WKHOHQJWK LV OHVV WKDQ  P,QVWDOOLQJ 6KLHOGHG*URXQGLQJ .LW3UHUHTXLVLWHV 7KH VKLHOGHG SRZHU FDEOH LV LQVWDOOHG&RQWH[W 7KLV VHFWRU RQO\ GHVFULEHV LQVWDOODWLRQ RI VKLHOGHG JURXQGLQJ NLW RI $& OLJKWQLQJ ER[¶V SRZHU FDEOH6WHSV  6HOHFW D SURSHU LQVWDOODWLRQ SRVLWLRQ IRU JURXQGLQJ NLW 6HOHFWDQ DSSURSULDWH JURXQGLQJ NLW DFFRUGLQJ WR GLDPHWHU RI SRZHUFDEOH &XW RII VKHDWK RI SRZHU FDEOH DQG ¿[ WKH VKLHOGHG OD\HURI SRZHU FDEOH ZLWK D JURXQGLQJ NLW 7KH VWUXFWXUH RI JURXQGLQJ NLW LV DV VKRZQ LQ )LJXUH )LJXUH  DQG )LJXUH LOOXVWUDWH YDULRXV JURXQGLQJ NLWV DGRSWHG IRU GLIIHUHQW GLDPHWHUV &RQ¿GHQWLDO DQG 3URSULHWDU\ ,QIRUPDWLRQ RI =7( &25325$7,21$

$$SSHQGL[ ) $& /LJKWQLQJ $UUHVWHU),*85(  6+,(/'(' *5281',1* .,7 6758&785( *URXQGLQJ NLW ERG\ 6TXHH]H VFUHZ 2±W\SH ULQJ  )ODW ZDVKHU  %XWWRQ KHDGHG VFUHZ 0î &RQQHFWLQJ WHUPLQDO GXDOKROH 6KLHOGHG SRZHU FDEOH *URXQGLQJ FDEOH *URXQGLQJ WHUPLQDO VLQJOHKROH +H[DJRQ QXW  )ODW ZDVKHU  +H[DJRQ EROW 0î 6SULQJ ZDVKHU ),*85(  *5281',1* %2'< $'237$%/( )25 007:2&25(287'225 32:(5 &$%/(&RQ¿GHQWLDO DQG 3URSULHWDU\ ,QIRUPDWLRQ RI =7( &25325$7,21 $

$=;6'5 5 ,QVWDOODWLRQ 0DQXDO),*85(  *5281',1* %2'< $'237$%/( )25 007:2&25(287'225 32:(5 &$%/( 6FUHZ GRZQ WKH GXDOKROH FRQQHFWLQJ WHUPLQDO WR ¿[ RQ WKHERG\ RI JURXQGLQJ NLW &RQQHFW WKH FRQQHFWLQJ WHUPLQDO ZLWKWKH JURXQGLQJ FDEOH 3URWHFW WKH MXQFWLRQ EHWZHHQ JURXQGLQJFDEOH DQG FRQQHFWLQJ WHUPLQDO ZLWK WKHUPRSODVWLF VOHHYH 3XOOWKH JURXQGLQJ FDEOH WRZDUGV WKH JURXQG JULG 7KH GXDOKROHFRQQHFWLQJ WHUPLQDO LV DV VKRZQ LQ )LJXUH ),*85(  &211(&7,1* 7(50,1$/ '8$/+2/( 3HUIRUP ZDWHUSURRI SURFHVVLQJ IRU WKH MXQFWLRQ EHWZHHQJURXQGLQJ NLW DQG SRZHU FDEOH 7KH PHWKRGV DUH GHVFULEHG DVIROORZVL :UDS ZDWHUSURRI VHOIDGKHVLYH WDSH DQG WKHQ ZUDS 39& DGKHVLYH WDSHLL :KLOH ZUDSSLQJ ZDWHUSURRI VHOIDGKHVLYH WDSH ¿UVW ZUDSOD\HU E\ OD\HU IURP GRZQ WR XS WKHQ IURP XS WR GRZQ DQG¿QDOO\ IURP GRZQ WR XS DJDLQ 7KH XSSHU OD\HU VKRXOG FRYHUKDOI RI WKH ORZHU OD\HU )DVWHQ WKH VLQJOHKROH FRQQHFWLQJ WHUPLQDO DW WKH RWKHU HQGRI JURXQGLQJ FDEOH WR WKH JURXQGLQJ EDU ZLWK 0î KH[DJRQEROWV &OHDQ DZD\ SDLQW DQG R[LG ZLWKLQ  PP UDGLXV RI FRQ &RQ¿GHQWLDO DQG 3URSULHWDU\ ,QIRUPDWLRQ RI =7( &25325$7,21$

$$SSHQGL[ ) $& /LJKWQLQJ $UUHVWHUQHFWLQJ SRVLWLRQ DQG FRYHU DQWLR[LGDWLRQ SDVWH RQ LW WR PDNHVXUH JRRG HOHFWULFDO FRQWDFW $IWHU FRQQHFWLRQ FRPSOHWHG FRYHUD OD\HU RI DQWLUXVW SDLQW 7KH VLQJOHKROH FRQQHFWLQJ WHUPLQDOLV DV VKRZQ LQ )LJXUH ),*85(  &211(&7,1* 7(50,1$/ 6,1*/(+2/((1' 2) 67(36&RQ¿GHQWLDO DQG 3URSULHWDU\ ,QIRUPDWLRQ RI =7( &25325$7,21 $

$=;6'5 5 ,QVWDOODWLRQ 0DQXDO7KLV SDJH LV LQWHQWLRQDOO\ EODQN &RQ¿GHQWLDO DQG 3URSULHWDU\ ,QIRUPDWLRQ RI =7( &25325$7,21$

$$ S S H Q G L [ *3'07DEOH RI &RQWHQWV3'0 $SSHDUDQFH DQG ,QWHUIDFH ,QVWDOOLQJ 3'0 3'0 $SSHDUDQFH DQG,QWHUIDFH3RZHU GLVWULEXWLRQ PRGXOH 3'0 LV LQVWDOOHG LQ D VLPSOL¿HG FDELQHWWR WUDQVIHU '& SRZHU IRU =;6'5 5 3RZHU RQ RU RII D VLQJOH=;6'5 5 E\ FRQWURO RI VZLWFKHV RQ WKH 3'0)LJXUH  DQG )LJXUH  LOOXVWUDWH WKH DSSHDUDQFH DQG LQWHUIDFHVRI 3'0),*85(  32:(5 ',675,%87,21 %2; 3/$1( %%8 SRZHU VZLWFK  558 SRZHU VZLWFK),*85(  32:(5 ',675,%87,21 %2; ±9*1' RXWSXW FRSSHU EDU ±9 RXWSXW FRSSHU EDU 3RZHU PDLQ VZLWFK ±9 ±9*1'&RQ¿GHQWLDO DQG 3URSULHWDU\ ,QIRUPDWLRQ RI =7( &25325$7,21 $

$=;6'5 5 ,QVWDOODWLRQ 0DQXDO,QVWDOOLQJ 3'0&RQWH[W 7KH SRZHU GLVWULEXWLRQ PRGXOH 3'0 LV LQVWDOOHG LQ DQ LQWHJUDWLYH FDELQHW WR WUDQVIHU '& SRZHU IRU =;6'5 % & =;6'55 & RU =;6'5 5 &6WHSV  &KHFN LQVWDOODWLRQ RI SRZHU VZLWFKHV 7KH VWDWXV RI 21 DQG 2))VKRXOG EH FRQVLVWHQW ZLWK VLONVFUHHQV RQ WKH 3'0 VZLWFK SODQH &RQQHFW LQWHUQDO FDEOHV&RQQHFW DQ HQG RI LQWHUQDO FDEOH WR WKH 2)) HQG RI SRZHUVZLWFKHV DQG ZUDS DGKHVLYH WDSH DV VKRZQ LQ )LJXUH ),*85(  ,16,'( &$%/( 72 &211(&7 :,7+ 3'0 3RZHU VZLWFK &RQQHFWLQJ WHUPLQDO ,QWHUQDO FDEOH ,QVWDOO WKH 3'0 FRQQHFWHG ZLWK LQWHUQDO FDEOHV WR WKH VLPSOL¿HGFDELQHW DV VKRZQ LQ )LJXUH  &RQ¿GHQWLDO DQG 3URSULHWDU\ ,QIRUPDWLRQ RI =7( &25325$7,21$

$$SSHQGL[ * 3'0),*85(  3'0 ,167$//$7,21 72 $ 6,03/,),(' &$%,1(7 =;6'5 5 =;6'5 5 ¿[DWLRQ VKHOI 3'0 =;6'5 % & 3DQ VFUHZ 0î 6LPSOL¿HG FDELQHW *36 DUUHVWHU UDFN *36 DUUHVWHU ,QVWDOO WKH SRZHU FDEOHV RI %%8 DQG 558 7KH SRZHU FDEOH FDUULHV IDVWHQHUV E\ LWVHOI LQVWDOOHG DW D ED\RQHW RI 3'0 EDFN DVVKRZQ LQ )LJXUH &RQ¿GHQWLDO DQG 3URSULHWDU\ ,QIRUPDWLRQ RI =7( &25325$7,21 $

$=;6'5 5 ,QVWDOODWLRQ 0DQXDO),*85(  %%8 $1' 558 32:(5 &$%/( ,167$//$7,21 3'0  3RZHU FDEOH &RQQHFW WKH RWKHU HQG RI LQWHUQDO FDEOHV WR 9 FRQQHFWLQJWHUPLQDO &RQQHFW WKH 9 HQG RI %%8 DQG 558 SRZHU FDEOHVWR WKH 21 HQG RI VZLWFKHV &RQQHFW WKH 9*1' HQG WR WKH9*1' FRQQHFWLQJ WHUPLQDO 7KHQ VFUHZ GRZQ EROWV ZLWK DVFUHZGULYHU &RQQHFW WKH LQSXW SRZHU FDEOH FDUULHG E\ 3'0 VHOI WR WKH FRQQHFWLQJ WHUPLQDO(1' 2) 67(36 &RQ¿GHQWLDO DQG 3URSULHWDU\ ,QIRUPDWLRQ RI =7( &25325$7,21$

$)LJXUHV)LJXUH  ,QVWDOODWLRQ )ORZ )LJXUH  3XWWLQJ WKH 0HQWDO /DWFK LQ 6WUDLJKW 'LUHFWLRQ)LJXUH  5HPRYLQJ &RYHU %RDUG)LJXUH  5HPRYLQJ 2WKHU %RDUGV )LJXUH  7DNLQJ 2XW &RPSRQHQW ZLWK DQ $QWLVWDWLF :ULVW 6WUDS)LJXUH  3ROH $QFKRU &ODPS &RPSRQHQWV )LJXUH  3ROH )L[LQJ %UDFNHW &RPSRQHQWV)LJXUH  3ROHPRXQW ,QVWDOODWLRQ )LJXUH  3ROHPRXQW ,QVWDOODWLRQ )LJXUH  3ROHPRXQW ,QVWDOODWLRQ  )LJXUH  3ROHPRXQW ,QVWDOODWLRQ  )LJXUH  3ROHPRXQW ,QVWDOODWLRQ  )LJXUH  3ROHPRXQW ,QVWDOODWLRQ  )LJXUH  :DYH 7UDS ,QVWDOODWLRQ)LJXUH  3ROHPRXQW ,QVWDOODWLRQ  )LJXUH  3ROHPRXQW ,QVWDOODWLRQ  )LJXUH  3ROHPRXQW ,QVWDOODWLRQ  )LJXUH  3ROHPRXQW ,QVWDOODWLRQ  )LJXUH  3ROHPRXQW ,QVWDOODWLRQ  )LJXUH  3ROHPRXQW ,QVWDOODWLRQ  )LJXUH  3ROHPRXQW ,QVWDOODWLRQ  )LJXUH  :DYH 7UDS ,QVWDOODWLRQ)LJXUH  ,QVWDOODWLRQ &RPSOHWLRQ )LJXUH  6XSSRUWLQJ 3DQHO )LJXUH  +ROH 0DUNLQJ 'HVLJQ 7HPSODWH 8QLW PP)LJXUH  6SDFH 5HTXLUHPHQW IRU :DOOPRXQW ,QVWDOODWLRQ8QLW PP)LJXUH  6XSSRUWLQJ 3DQHO ,QVWDOODWLRQ RQ :DOO )LJXUH  0RXQWLQJ &DELQHW )LJXUH  *DQWU\ $SSHDUDQFH )LJXUH  6XSSRUWLQJ 3DQHO )LJXUH  )L[ 8SULJKW &ROXPQ DQG %DVH 3ODWH)LJXUH  )DVWHQ 8SULJKW &ROXPQ DQG &RYHU 3ODWH )LJXUH  )DVWHQ 7LOWHG 6XSSRUW &RQ¿GHQWLDO DQG 3URSULHWDU\ ,QIRUPDWLRQ RI =7( &25325$7,21 $

$=;6'5 5 ,QVWDOODWLRQ 0DQXDO)LJXUH  =;6'5 5,QGRRU *DQWU\PRXQW ,QVWDOODWLRQ$SSHDUDQFH RQO\ 558 LQVWDOOHG )LJXUH  )L[ 8SULJKW &ROXPQ DQG %DVH 3ODWH)LJXUH  )DVWHQ 8SULJKW &ROXPQ DQG &RYHU 3ODWH )LJXUH  )DVWHQ 7LOWHG 6XSSRUW )LJXUH  6XSSRUWLQJ %UDFNHW )LJXUH  6XSSRUWLQJ %UDFNHW DQG :DOOPRXQW $VVHPEOLHV)LJXUH  =;6'5 5 ,QVWDOODWLRQ)LJXUH  :DYH 7UDS )LJXUH  :DYH 7UDS ,QVWDOODWLRQ)LJXUH  *DQWU\PRXQW ,QWHJUDWHG ,QVWDOODWLRQ )LJXUH  *DQWU\PRXQW ,QWHJUDWHG ,QVWDOODWLRQ VLGH )LJXUH  6LPSOL¿HG &DELQHW $SSHDUDQFH )LJXUH  8SSHU )L[LQJ )UDPH )LJXUH  /RZHU )L[LQJ )UDPH )LJXUH  +ROH 3RVLWLRQV DQG 'LPHQVLRQ)LJXUH  =;6'5 5 $VVHPEOLHV)LJXUH  =;6'5 5 )L[LQJ %HDP )LJXUH  /RZHU )L[LQJ )UDPH ,QVWDOODWLRQ )LJXUH  =;6'5 5,QVWDOOHG ZLWK 8SSHU DQG /RZHU)L[LQJ )UDPH)LJXUH  =;6'5 5 ,QVWDOODWLRQ WR 6LPSOL¿HG &DELQHW)LJXUH  =;6'5 5 ,QVWDOODWLRQ &RPSOHWLRQ )LJXUH  6XQ 6KLHOG 6WUXFWXUH)LJXUH  ([WHUQDO &DEOH ,QVWDOODWLRQ )ORZ)LJXUH  3RZHU &DEOH VWUXFWXUH )LJXUH  *URXQGLQJ &DEOH 6WUXFWXUH)LJXUH  =;6'5 5 *URXQGLQJ %ROW )LJXUH  (DUWKQHWZRUN &RSSHU %DU 8QLW PP )LJXUH  )LEHU &RQQHFWLRQ EHWZHHQ =;6'5 5 DQG %%8 )LJXUH  2SWLFDO )LEHU ,QVWDOODWLRQ)LJXUH  )LEHU &RQQHFWLRQ EHWZHHQ =;6'5 5V)LJXUH  2SWLFDO )LEHU ,QVWDOODWLRQ)LJXUH  (QYLURQPHQW 0RQLWRULQJ &DEOH)LJXUH  $YLDWLRQ -DFN $SSHDUDQFH )LJXUH  $,6* &RQWURO &DEOH 6WUXFWXUH )LJXUH  )UHTXHQF\ 3RLQW ([WHQVLRQ &DEOH )LJXUH  5) -XPSHU ,QVWDOODWLRQ )LJXUH  =;6'5 5 &RQ¿JXUHG ZLWK &RPPRQ $QWHQQD  &RQ¿GHQWLDO DQG 3URSULHWDU\ ,QIRUPDWLRQ RI =7( &25325$7,21$

$)LJXUHV)LJXUH  =;6'5 5 &RQ¿JXUDWLRQ ZLWK &RPPRQ$QWHQQD $,6* 'XDO 3RZHU $PSOL¿HU )LJXUH  =;6'5 5 &RQ¿JXUDWLRQ ZLWK (OHFWURQLF$GMXVWPHQW $QWHQQD  )LJXUH  =;6'5 5 &RQ¿JXUDWLRQ ZLWK (OHFWURQLF$GMXVWPHQW $QWHQQD  )LJXUH  =;6'5 5 &RQ¿JXUDWLRQ ZLWK (OHFWURQLF$GMXVWPHQW $QWHQQD $,6* 'XDO 3RZHU $PSOL¿HU )LJXUH  0DLQ $QWHQQD )HHGHU 6\VWHP ,QVWDOODWLRQ )ORZ )LJXUH  $QWHQQD ,QVWDOODWLRQ 3RVLWLRQ )LJXUH  'LUHFWLRQDO $QWHQQD ,QVWDOODWLRQ )LJXUH  $QWHQQD 'RZQWLOW $GMXVWPHQW)LJXUH  2PQL 'LUHFWLRQDO $QWHQQD ,QVWDOODWLRQ)LJXUH  )HHGHU )L[LQJ  )LJXUH  +RLVWLQJ )HHGHU 7R 7RZHU  )LJXUH  7ULSOH )HHGHU &OLS $SSHDUDQFH )LJXUH  )HHGHU *URXQGLQJ 6FKHPDWLF 'LDJUDP  )LJXUH  *5281',1* 6<67(0 )LJXUH  *URXQGLQJ %DU 6WUXFWXUH )LJXUH  *5281',1* &/,3 )LJXUH  ,QVWDOODWLRQ +ROH 3RVLWLRQV 8QLW PP  )LJXUH  +HUPHWLF :LQGRZ ,QVWDOODWLRQ )LJXUH  )HHGHU LQWR 5RRP 0RGH  )LJXUH  )HHGHU LQWR 5RRP 0RGH  )LJXUH  $QWHQQD )HHGHU DQG -XPSHU ,QVWDOODWLRQ  )LJXUH  :DWHUSURRI ,QVXODWLQJ 7DSH  )LJXUH  39& $GKHVLYH 7DSH  )LJXUH  :UDSSLQJ D /D\HU RI 39& ,QVXODWLQJ 7DSH  )LJXUH  :UDSSLQJ 7KUHH /D\HUV RI :DWHU ,QVXODWLQJ 7DSHWKH )LUVW /D\HU  )LJXUH  :UDSSLQJ 7KUHH /D\HUV RI :DWHU ,QVXODWLQJ 7DSHWKH 6HFRQG /D\HU  )LJXUH  :UDSSLQJ 7KUHH /D\HUV RI :DWHU ,QVXODWLQJ 7DSHWKH 7KLUG /D\HU  )LJXUH  :UDSSLQJ 7KUHH /D\HUV RI 39& ,QVXODWLQJ 7DSH WKH)LUVW /D\HU )LJXUH  :UDSSLQJ 7KUHH /D\HUV RI 39& ,QVXODWLQJ 7DSH WKH6HFRQG /D\HU )LJXUH  )DVWHQLQJ )LJXUH  )HHGHU +HUPHWLFZLQGRZ 'LPHQVLRQ 8QLW PP  &RQ¿GHQWLDO DQG 3URSULHWDU\ ,QIRUPDWLRQ RI =7( &25325$7,21 $

$=;6'5 5 ,QVWDOODWLRQ 0DQXDO)LJXUH   )HHGHU +HUPHWLFZLQGRZ 6WUXFWXUH  )LJXUH  ,QVWDOODWLRQ +ROH 3RVLWLRQV 8QLW PP  )LJXUH  )HHGHU +HUPHWLFZLQGRZ ,QVWDOODWLRQ  )LJXUH  &DELQHW -XPSHUV )LJXUH  =;6'5 5 &DELQHWFRPELQHG ,QVWDOODWLRQ&RQQHFWLRQ  )LJXUH  &DVFDGHG &DELQHW &RQQHFWLRQ )LJXUH  =;6'5 5 2SWLFDO )LEHU IRU &DVFDGHG&DELQHW  )LJXUH  2$8 $SSHDUDQFH )LJXUH  2$8 ,QWHUIDFHV )LJXUH  $QFKRU &ODPS $VVHPEOLHV  )LJXUH  )L[LQJ %UDFNHW $VVHPEOLHV  )LJXUH  7ZR 6HWV RI $QFKRU &ODPS $VVHPEOLHV  )LJXUH  7ZR 6HWV RI )L[LQJ %UDFNHW $VVHPEOLHV  )LJXUH  2$8 %UDFNHW  )LJXUH  7ZR 6HWV RI 6XSSRUWLQJ 3DQHOV  )LJXUH  7KUHH 6HWV RI 6XSSRUWLQJ 3DQHOV  )LJXUH  2$8 ,QVWDOODWLRQ   )LJXUH  2$8 ,QVWDOODWLRQ   )LJXUH  2$8 5DFN  )LJXUH  2$8 ,QVWDOODWLRQ   )LJXUH  2$8 ,QVWDOODWLRQ   )LJXUH  :DWHUSURRI (QG &DS  )LJXUH  /RRVH RII :DWHUSURRI (QG &DS )LJXUH  :DWHUSURRI (QG &DS 6WUXFWXUH  )LJXUH  :DWHUSURRI (QG &DS ,QVWDOODWLRQ )LJXUH  $& 3RZHU &DEOH &RQQHFWLRQ )LJXUH  2QH $& /LJKWQLQJ %R[ 7KUHH 2$8V DQG 7KUHH5 &DEOH &RQQHFWLRQ )LJXUH  2XWGRRU '& /LJKWQLQJ %R[ $SSHDUDQFH )LJXUH  2XWGRRU '& /LJKWQLQJ %R[ ,QWHUIDFH  )LJXUH  ,QVWDOODWLRQ 3DUWV  )LJXUH  2XWGRRU '& /LJKWQLQJ 3ROH ,QVWDOODWLRQ )LJXUH  2XWGRRU '& /LJKWQLQJ %R[ ,QWHUIDFHV )LJXUH  2XWGRRU '& /LJKWQLQJ &RQQHFWLRQ  )LJXUH  ,QGRRU '& /LJKWQLQJ %R[ $SSHDUDQFH )LJXUH  ,QGRRU '& /LJKWQLQJ %R[ ,QWHUIDFHV  )LJXUH  ,QGRRU '& /LJKWQLQJ %R[ &DEOH &RQQHFWLRQ QRWFRQQHFW ZLWK UHPRWH DODUP   &RQ¿GHQWLDO DQG 3URSULHWDU\ ,QIRUPDWLRQ RI =7( &25325$7,21$

$)LJXUHV)LJXUH  $& /LJKWQLQJ %R[ $SSHDUDQFH  )LJXUH  $& /LJKWQLQJ %R[ ,QWHUIDFH )LJXUH  $& /LJKWQLQJ %R[ ,QVWDOODWLRQ 3DUWV )LJXUH  $& /LJKWQLQJ 3ROH ,QVWDOODWLRQ  )LJXUH  2QH $& /LJKWQLQJ %R[ DQG 2QH RU WZR 5&DEOH &RQQHFWLRQ )LJXUH  7ZR $& /LJKWQLQJ %R[ DQG 7KUHH 5 &DEOH&RQQHFWLRQ  )LJXUH  2QH $& /LJKWQLQJ %R[ 7KUHH 2$8V DQG 7KUHH5 &DEOH &RQQHFWLRQ )LJXUH  6KLHOGHG *URXQGLQJ .LW 6WUXFWXUH  )LJXUH  *URXQGLQJ %RG\  DGRSWDEOH IRU PPWZRFRUHRXWGRRU SRZHU FDEOH  )LJXUH  *URXQGLQJ %RG\  DGRSWDEOH IRU PPWZRFRUHRXWGRRU SRZHU FDEOH  )LJXUH  &RQQHFWLQJ 7HUPLQDO GXDOKROH  )LJXUH  &RQQHFWLQJ 7HUPLQDO VLQJOHKROH  )LJXUH  3RZHU 'LVWULEXWLRQ %R[ 3ODQH  )LJXUH  3RZHU 'LVWULEXWLRQ %R[  )LJXUH  ,QVLGH &DEOH WR FRQQHFW ZLWK 3'0  )LJXUH  3'0 ,QVWDOODWLRQ WR D 6LPSOL¿HG &DELQHW  )LJXUH  %%8 DQG 558 3RZHU &DEOH ,QVWDOODWLRQ &RQ¿GHQWLDO DQG 3URSULHWDU\ ,QIRUPDWLRQ RI =7( &25325$7,21 $

$=;6'5 5 ,QVWDOODWLRQ 0DQXDO7KLV SDJH LV LQWHQWLRQDOO\ EODQN &RQ¿GHQWLDO DQG 3URSULHWDU\ ,QIRUPDWLRQ RI =7( &25325$7,21$

$7DEOHV7DEOH  6DIHW\ 6\PEROV 'HVFULSWLRQ 7DEOH  7RRO DQG 0HWHU /LVW7DEOH  =;6'5 5 (QJLQHHULQJ ,QGLFHV 7DEOH  -'.&+±.= '& /LJKWQLQJ %R[ 7HFKQLFDO,QGLFHV7DEOH  *3$'0$ ([WHUQDO $&WR'& &RQYHUVLRQ/LJKWQLQJ %R[ 7HFKQLFDO ,QGLFHV 7DEOH  0DLQ &RPSRQHQW /LVW  7DEOH  0DLQ &RPSRQHQW /LVW  7DEOH  0DLQ &RPSRQHQW /LVW  7DEOH  0DLQ &RPSRQHQWV 7DEOH  0DLQ &RPSRQHQWV 7DEOH  0DLQ &RPSRQHQWV 7DEOH  =;6'5 5 ([WHUQDO &DEOH &RQQHFWLRQ5HODWLRQVKLS 7DEOH  &RORU DQG 6SHFL¿FDWLRQ 7DEOH  &DEOH 3LQ 'HVFULSWLRQ7DEOH  $,6* &RQWURO &DEOH 'HVFULSWLRQ 7DEOH  &RQQHFWLRQ 5HODWLRQVKLS  7DEOH  &RQQHFWLRQ 5HODWLRQVKLS  7DEOH  (QJLQHHULQJ 7HFKQLFDO ,QGLFHV  7DEOH  2$8 ,QSXW &KDUDFWHUV 7DEOH  2$8 2XWSXW &KDUDFWHUV 7DEOH  (QJLQHHULQJ 7HFKQLFDO ,QGLFHV  7DEOH  (QJLQHHULQJ 7HFKQLFDO ,QGLFHV  7DEOH  (QJLQHHULQJ 7HFKQLFDO ,QGLFHV  &RQ¿GHQWLDO DQG 3URSULHWDU\ ,QIRUPDWLRQ RI =7( &25325$7,21 $

$=;6'5 5 ,QVWDOODWLRQ 0DQXDO7KLV SDJH LV LQWHQWLRQDOO\ EODQN &RQ¿GHQWLDO DQG 3URSULHWDU\ ,QIRUPDWLRQ RI =7( &25325$7,21$

$/LVW RI *ORVVDU\$,6*  $QWHQQD ,QWHUIDFH 6WDQGDUGV *URXS%%8  %DVH%DQG 8QLW96:5  9ROWDJH 6WDQGLQJ :DYH 5DWLR&RQ¿GHQWLDO DQG 3URSULHWDU\ ,QIRUPDWLRQ RI =7( &25325$7,21 $

ZTE R8860C196CF Compact Base Station User Manual Use manual

ZTE Corporation Compact Base Station Use manual

Users Manual

Navigation menu

Namespaces

Views

Navigation