Download Philips DVDR560H DVD Recorder/Hard Disk

Transcript
DVD Recorder & Hard Disk
DVDR560H
User Manual
Please visit our website for your online support
www.philips.com/support
Make your own DVD
7$%/( 2) &217(176
*(77,1*67$57('
7,0(55(&25',1*
$FFHVVRULHV ,PSRUWDQWVDIHW\LQVWUXFWLRQV :DUQLQJVFDXWLRQVDQGRWKHUV 'LVFLQIRUPDWLRQ 6HWWLQJWKHWLPHU 7LPHU5HFRUGXVLQJWKH*&RGH Š V\VWHP )/(;7,0(
3DXVLQJ/LYH79%URDGFDVW 5HFRUGDQG3OD\ &21752/6 $1'',63/$<6
5HPRWHFRQWURO )URQWSDQHOFRQQHFWLRQV 'LVSOD\ZLQGRZ 5HDUSDQHOFRQQHFWLRQV &211(&7,216
&RQQHFWLQJWKHDQWHQQDFDEOHDQGWHOHYLVLRQ )RUEHWWHUYLGHRTXDOLW\ 69LGHRRXW &RPSRQHQW RXW )RUEHWWHUDXGLRTXDOLW\ &RQQHFWLRQWRDVWHUHRDXGLRDPSOLILHURUUHFHLYHU &RQQHFWLRQWRDGLJLWDODXGLRGHYLFH 'LJLWDORXWRSWLFDO 'LJLWDORXWFRD[LDO &RQQHFWLQJVDWHOOLWHUHFHLYHURUFDEOHER[ 6<67(00(18
3/$<%$&.
%DVLFSOD\EDFN 32:(523(1&/26(3/$<))5(: 1(;735(9,286 3$86(67(36723',63/$< ',6&0(183/$</,67 1DYLJDWLRQRSHUDWLRQ 5(3($7=220 6/2: 6($5&+ $% 5(3($768%7,7/( $8',2$1*/( ,1)250$7,21 3OD\EDFNYLGHRWLWOHV 3OD\EDFNPXVLFILOHV 3OD\EDFNSLFWXUHILOHV $XGLR&'SOD\EDFN 3OD\EDFNSLFWXUHVZLWKPXVLF &23<
6\VWHPPHQX 79&+$11(/6(783
79FKDQQHOVHDUFK )LQHWXQLQJ79FKDQQHOVPDQXDOO\ (GLWLQJ 79FKDQQHOVPDQXDOO\ &KDQQHO(GLWRU Š
6(77,1*83*&RGH6<67(0
6HWWLQJXS*&RGH Š 6\VWHP *8,'(
3OD\EDFN 5HFRUG 7LPHU UHFRUG &RS\ 5(&25',1*
%HIRUHUHFRUGLQJ 5HFRUGLQJWHOHYLVLRQSURJUDPV $GGLQJQHZUHFRUGLQJV &KDQJLQJFKDSWHULQWHUYDOV 3OD\LQJEDFNWKHODVWUHFRUGHGVHVVLRQ 5HFRUGLQJIURPD9&5RU&DPFRUGHU 2QHWRXFKUHFRUG '9UHFRUGLQJ '9FRQWURO &RS\IURP'9'WR+'' &RS\IURP+''WR'9' (',7
%URZVHUPHQX 1DPLQJDWLWOH 3URWHFWLQJDWLWOH 2YHUZULWLQJDWLWOH 6SOLWWLQJDWLWOH 0HUJLQJWLWOHV (UDVLQJDWLWOH 6HWWLQJDWLWOHWKXPEQDLO &KDSWHUPDUNVUHOHYDQWVHWWLQJ ',6.722/6
(UDVH )LQDOL]H &OHDQXS'LVN 'HIUDJPHQW *8,23(5$7,21
*/266$5<
63(&,),&$7,216
$FFHVVRULHV
3OHDVHFKHFNDQGLGHQWLI\WKHVXSSOLHGDFFHVVRULHV
…
[5HPRWH FRQWURO
…
[ %DWWHULHV
…
[ $9 FDEOH
…
[ $& 3RZHU &RUG
IMPORTANT SAFETY INSTRUCTIONS
1)
2)
3)
4)
5)
6)
7)
8)
9)
10)
11)
12)
13)
14)
15)
16)
Re a d in st r u ct io n s. Read all the safety and operating
instructions before operating the product.
Re t a in in s t r u ct i o n s. Keep the safety and operating
instructions for future reference.
H e e d wa r n i n gs. Adhere to all warnings on the product and in
the operating instructions.
Fo ll o w in s t r u ct i o n s. Follow all operating and use
instructions.
Cle a n in g - Unplug this product from the wall outlet before
cleaning. Do not use liquid cleaners or aerosol cleaners. Use
a damp cloth for cleaning.
A t t a ch me n t s - Do not use attachments not recommended by
the product manufacturer as they may cause hazards.
Wa t e r a n d Mo is t u r e - Do not use this product near water
for example, near a bathtub, washbowl, kitchen sink, or laundry
tub, in a wet basement, or near a swimming pool.
A cce ss o r ie s - Do not place this product on an unstable cart,
stand, tripod, bracket, or table. The product may fall, causing
serious injury to a child or adult, and serious damage to the
product. Use only with a cart, stand, tripod, bracket, or table
recommended by the manufacturer or sold with the product.
Any mounting of the product should follow the manufacturer’s
instructions and should use a mounting accessory recommended by the manufacturer.
CA R T - A product and cart combination should be moved with
care. Quick stops, excessive force, and uneven surfaces may
cause the product and cart combination to overturn.
Ve n t il a t io n - Slots and openings in the cabinet provide
ventilation, ensure reliable operation of the product, and protect
it from overheating. Do not block or cover these openings. The
openings should never be blocked by placing the product on a
bed, sofa, rug, or other similar surface. Do not place this
product in a built-in installation such as a bookcase or rack
unless proper ventilation is provided or the manufacturer’s
instructions have been adhered to.
Po we r So u r ce s - This product should be operated only from
the type of power source indicated on the marking label. If you
are not sure of the type of power supply to your home, consult
your product dealer or local power company. For products
intended to operate from battery power, or other sources, refer
to the operating instructions.
LO CAT I O N - The appliance should be installed in a stable
location.
NO NU SE PERI O DS - The power cord of the appliance
should be unplugged from the outlet when left unused for a
long period of time.
Gr o u n din g o r Po la r iz a t io n • If this product is equipped with a polarized alternating current
line plug (a plug having one blade wider than the other), it will fit
into the outlet only one way. This is a safety feature. If you are
unable to insert the plug fully into the outlet, try reversing the
plug. If the plug should still fail to fit, contact your electrician to
replace your obsolete outlet. Do not defeat the safety purpose of
the polarized plug.
• If this product is equipped with a three-wire grounding type plug,
it will only fit into a grounding type power outlet. This is a safety
feature. If you are unable to insert the plug into the outlet,
contact your electrician to replace your obsolete outlet. Do not
defeat the safety purpose of the grounding type plug.
Po we r -Co r d Pr o t e ct io n - Power-supply cords should be
routed so that they are not likely to be walked on or pinched by
items placed upon or against them, paying particular attention
to cords at plugs, convenience receptacles, and the point
where they exit from the product.
O u t do o r A n t e n n a Gr o u n din g - If an outside antenna or
17)
18)
19)
20)
21)
22)
23)
24)
25)
26)
27)
2
cable system is connected to the product, be sure the antenna
or cable system is grounded so as to provide some protection
against voltage surges and built-up static charges. Article 810
of the National Electrical Code, ANSI/NFPA 70, provides
information with regard to proper grounding of the mast and
supporting structure, grounding of the lead-in wire to an
antenna discharge unit, size of grounding conductors, location
of antenna-discharge unit, connection to grounding electrodes,
and requirements for the grounding electrode.
Ligh t n in g - For added protection of this product during a
lightning storm, or when it is left unattended and unused for
long periods of time, unplug it from the wall outlet and
disconnect the antenna or cable system. This will prevent
damage to the product due to lightning and power-line surges.
Po we r Lin e s - An outside antenna system should not be
located in the vicinity of overhead power lines or other electric
lights or power circuits, or where it can fall into such power
lines or circuits. When installing an outside antenna system,
take extreme care to keep it from touching power lines or
circuits. Contact with them might be fatal.
O ve r lo a din g - Do not overload wall outlets, extension cords,
or integral convenience receptacles. This can result in a risk of
fire or electric shock.
O bje ct s and Liquids - Do not push objects of any kind into
this product through openings. They may touch dangerous
voltage points or short out parts, resulting in a fire or electric
shock. Liquids of any kind should not be used on or around
this product.
Se r vi cin g - Do not attempt to service this product yourself.
Opening or removing covers may expose you to dangerous
voltage or other hazards. Refer all servicing to qualified service
personnel.
Da ma g e Re qu ir in g Se r v ice - Unplug this product from the
wall outlet and refer servicing to qualified service personnel
under the following conditions:
• When the power supply cord or plug is damaged,
• If liquid has spilled or objects have fallen into the product,
• If the product has been exposed to rain or water,
• If the product does not function properly after following the
operating instructions, contact Customer Service for technical
support.
• If the product has been dropped or damaged in any way,
• When the product exhibits a distinct change in performance.
This indicates a need for service.
Re pla ce me n t Pa r t s - When replacement parts are required,
be sure the service technician uses replacement parts
specified by the manufacturer or having the same characteristics as the original part. Unauthorized substitutions may result
in fire, electric shock, or other hazards.
Sa fe t y Ch e ck - Upon completion of any service or repairs to
this product, ask the service technician to perform safety
checks to determine that the product is in proper operating
condition.
Wa ll o r Ce ili n g Mo u n t in g - Mount the product to a wall or
ceiling only as recommended by the manufacturer.
H e a t - Keep this product away from heat sources, such as
radiators, heat registers, stoves, or amplifiers.
B a t t e r y Us a ge - Battery leakage may result in bodily injury or
damage to the unit. In order to avoid battery problems, please
follow these instructions.
• Install all batteries correctly, with + and - aligned as marked on
the unit.
• Do not mix batteries (old/new, carbon/alkaline, etc.).
• Remove batteries when the unit is not used for a long time.
WARNINGS, CAUTIONS AND OTHERS
THE FOLLOWING APPLIES ONLY FOR U.S.A.
CAUTION!
This equipment has been tested and found to comply with
the limits for a Class B digital device, pursuant to part 15
of the FCC Rules.
These limits are designed to provide reasonable protection
against harmful interference in a residential installation.
This equipment generates, uses and can radiate radio
frequency energy and, if not installed and used in accordance with the instructions, may cause harmful interference to radio communications. However, there is no
guarantee that interference will not occur in a particular
installation. If this equipment does cause harmful interference to radio or television reception, which can be
determined by turning the equipment off and on, the user is
encouraged to try to correct the interference by one or
more of the following measures:
•Reorient or relocate the receiving antenna.
•Increase the separation between the equipment and
receiver.
•Connect the equipment into an outlet on a circuit different
from that to which the receiver is connected.
•Consult the dealer or an experienced radio/TV technician
for help.
CAUTION!
TO REDUCE THE RISK OF ELECTRIC SHOCK,
DO NOT REMOVE THE COVER OF THIS UNIT.
THERE ARE NO USER SERVICEABLE PARTS INSIDE.
REFER SERVICING TO QUALIFIED SERVICE PERSONNEL.
The lighting flash with arrowhead symbol, within
an equilateral triangle, is intended to alert the
user to the presence of uninsulated “dangerous
voltage” within the product’s enclosure that may
be of sufficient magnitude to constitute a risk of
electric shock to humans.
The exclamation point within an equilateral
triangle is intended to alert the user to the
presence of important operating and maintenance (servicing) instructions in the literature
accompanying the appliance.
CAUTION!
THIS PRODUCT UTILIZES A LASER.
USE OF CONTROLS OR ADJUSTMENTS OR PERFORMANCE
OF PROCEDURES OTHER THAN THOSE SPECIFIED HEREIN
MAY RESULT IN HAZARDOUS RADIATION EXPOSURE. DO NOT
OPEN THE COVER AND DO NOT REPAIR YOURSELF. REFER
SERVICING TO QUALIFIED SERVICE PERSONNEL.
IMPORTANT FOR LASER PRODUCTS
1)CLASS 1 LASER PRODUCT
2)DANGER: Visible and invisible laser radiation when open
and interlock failed or defeated. Avoid direct exposure to
beam.
3)CAUTION: Do not open the top cover. There are no user
serviceable parts inside the Unit; leave all servicing to
qualified service personnel.
WARNING:
TO REDUCE THE RISK OF FIRE, ELECTRIC SHOCK OR
PRODUCT DAMAGE, DO NOT EXPOSE THIS APPARATUS TO
MOISTURE AND ENSURE THAT OBJECTS FILLED WITH
LIQUIDS, SUCH AS VASES, SHALL BE PLACED AWAY FROM
THE APPARATUS.
CAUTION!
• CD-R/RW discs recorded using a personal computer or a
CD Recorder may not play if the disc is damaged or dirty, or
if there is dirt or condensation on the player’s lens.
• Unfinalized CD-R/RW discs can be played, but not all time
information (playing time, etc.) will be displayed.
• Check the copyright laws in your country before recording
from DVD VIDEO, SVCD, Video CD, Audio CD, MP3 and
JPEG discs. Recording of copyrighted material may infringe
copyright laws.
CAUTION! –– POWER
button
Disconnect the main plug to shut the power off completely. The
button in any position does not disconnect the main
POWER
line. Power can be controlled from the remote.
PRODUCTS WITH 525P PROGRESSIVE SCAN OUTPUTS
NOTICE REQUIREMENTS
“CONSUMERS SHOULD NOTE THAT NOT ALL HIGH DEFINITION TELEVISION SETS ARE FULLY COMPATIBLE WITH THIS
PRODUCT AND MAY CAUSE ARTIFACTS TO BE DISPLAYED IN
THE PICTURE. IN CASE OF 525 PROGRESSIVE SCAN
PICTURE PROBLEMS, IT IS RECOMMENDED THAT THE USER
SWITCH THE CONNECTION TO THE “STANDARD DEFINITION”
OUTPUT. IF THERE ARE QUESTIONS REGARDING OUR TV
SET COMPATIBILITY WITH THIS MODEL 525P DVD PLAYER,
PLEASE CONTACT OUR CUSTOMER SERVICE CENTER.”
Legal Notices Regarding
Macrovision’s Property Rights
“U.S. Patent Nos. 4,631,603; 4,577,216; 4,819,098; 4,907,
093; and 6,516,132.”
“ This product incorporates copyright protection technology
that is protected by U.S. patents and other intellectual
property rights. Use of this copyright protection technology
must be authorized by Macrovision, and is intended for
home and other limited viewing uses only unless otherwise
authorized by Macrovision. Reverse engineering or disassembly is prohibited. “
G-CODE is a registered trademark of Gemstar Development
Corporation.
Manufactured under license from Dolby Laboratories.
“Dolby” and the double-D symbol are trademarks of Dolby
Laboratories.
The G-CODE system is manufactured under license from Gemstar
Development Corporation.
3
',6& ,1)250$7,21
3OD\DEOH 'LVF W\SHV
$ISC 4YPES
,OGOS
#HARACTERISTICS
$6$ 6)$%/
4HISUNITCANPLAYBACK$6$ 6IDEODIS CS ANDTHE
REGIONCODEISPRINTEDONTHEREAROFTHEUNIT
$6$
227
$6$
227
$6$ 2$6$ 27AND $6$ 2$6$ 27 DIS CS
WRITTENINTHE$6$ 6 IDEO FORMATANDFINALIZED 6IDEO #$
6IDEOWITH#$SOUND6(3
COMPRESSIONTECHNOLOGY
6#$
3UPER6IDEO#$
36#$
QUALITY-0%' !UDIO#$
#$ISRECORDEDASA $IGITAL3IGNALWITHBETTER AUDIO
QUALITYLESS DISTORTIONANDLESS DETERIORATIONOFAUDIO
QUALITYOVERTIME
#$ 227
*0%' "-0-0
4HISUNITCANPLAY#$ 2AND#$ 27DIS CSRECORDED
WITH !UDIO#$OR6IDEO#$FORMATORWITH
*0%'"-0 -0FILES#LOSE THESESSIONSORFINALIZE
THEDIS CAFTERRECORDING
5HFRUGDEOH 'LVF W\SHV
$ISC 4YPES
$6$ 227
,OGOS
#HARACTERISTICS
1RWHV
7KH'9'9LGHR'9'5:'9'5/RJRVDUHWUDGHPDUNVRI
WKHUHVSHFWLYHFRPSDQLHV
)RUEHVWUHVXOWVXVHGLVFVZLWKWKHDERYHORJRV7KHXQLW
PD\QRWSOD\EDFNRWKHUGLVFVFRUUHFWO\'RQRWXVHLUUHJXODU
VKDSHGGLVFVHJKHDUWVKDSHGDVWKHVHFDQGDPDJHWKHXQLW
,WPD\QRWEHSRVVLEOHWRSOD\&'5&'5:'9'5'9'
5:'9'5'9'5:LQDOOFDVHVGXHWRWKHW\SHRIGLVFRU
FRQGLWLRQRIWKHUHFRUGLQJ
$6$
2DISCWRITTENINTHE$6$
$6$
27DISCWRITTENINTHE$6$
62FORMAT
62FORMAT
9LGHR6\VWHP3$/
7KLV'9'UHFRUGHUDFFHSWV3$/VLJQDOLQSXW
$VSHFW5DWLR
8QSOD\DEOH GLVF W\SHV
/HWWHU%R[6WDQGDUG
7KHXQLWGRHVQRWSOD\EDFNGLVFW\SHOLVWHGEHORZ,I\RXWU\
WRSOD\EDFNWKHVHGLVFVH[FHVVLYHQRLVHPD\FDXVHGDPDJHWR
\RXUVSHDNHUV
8QILQDOL]HGGLVFVIURPRWKHU'9'UHFRUGHUV
'9'95'9'$8',23+272&'6$&'
:KHQSODFLQJDQXQSOD\DEOHGLVFRQWKHGLVFWUD\WKH'9'
UHFRUGHUZLOOGLVSOD\³8QNQRZQ'LVF´RQWKHGLVSOD\SDQHODIWHU
DWWHPSWVRIWU\LQJWRORDGLQJWKHGLVFIDLO
3DQ6FDQ
:LGH6FUHHQ
2WKHUV
5HJLRQ FRGH RI '9'9LGHR
7KLVXQLWFDQSOD\EDFN'9'9,'(2GLVFVFRPSDWLEOH ZLWK
WKHUHJLRQFRGHSULQWHGRQWKHUHDURIWKHXQLW
$XGLR$SSHDUVDWWKHEHJLQQLQJRIDVFHQHUHFRUGHG
ZLWKPXOWLSOHDXGLRODQJXDJHV
([DPSOHRISOD\DEOH'9'9,'(2GLVNV
6XEWLWOH $SSHDUVDWWKHEHJLQQLQJRIDVFHQHUHFRUGHG
ZLWKPXOWLSOHVXEWLWOHODQJXDJHV
$XGLR 6\VWHP
$QJOH $SSHDUVDWWKHEHJLQQLQJRIDVFHQHUHFRUGHG
'ROE\'LJLWDO/LQHDU3&0
IURPPXOWLSOHDQJOHV
'76'LJLWDO7KHDWHU6\VWHPV
&21752/6 $1' ',63/$<6
7KH 5HPRWH &RQWURO
5HPRWH &RQWURO
&+&+EXWWRQV
2SHQ&ORVHEXWWRQ 23(1&/26(
&RS\EXWWRQ&23<
)OH[7LPHUEXWWRQ)/(;7,0(
1XPHULFEXWWRQVa
*XLGHEXWWRQ
1DYLJDWLRQEXWWRQ 1$9,
6RXUFHEXWWRQ6285&(
'LVFPHQXEXWWRQ',6&0(18
*8,'(
&XUVRUSTWX2.EXWWRQV2.
3OD\EXWWRQ 3/$<
6WRSEXWWRQ
6723
6NLSEXWWRQV
35(9,286
1(;7
5HFRUGEXWWRQ5(&25'
+'''9'EXWWRQ+'''9'
32:(52167$1'%<EXWWRQ67$1'%<21
6\VWHP0HQXEXWWRQ6<67(00(18
'LVSOD\EXWWRQ',63/$<
%URZVHU%52:6(5
7R LQVWDOO EDWWHULHV
y
*&RGHEXWWRQ*&RGH
2SHQWKHEDWWHU\FRPSDUWPHQWDQG LQVHUWWKH
EDWWHULHV0DNHVXUHWKHSRODULWLHV
DQGPDWFKWKHPDUNVLQGLFDWHG
LQVLGHWKHUHPRWHFRQWURO
'LVN7RROVEXWWRQ722/6
3OD\OLVW0HQXEXWWRQ3/$</,670(18
&$87,21
3DXVH6WHSEXWWRQ
y
5HPRYHEDWWHULHVLIWKH\DUHH[
KDXVWHGRULIWKH5HPRWH&RQWUROZLOO
QRWEHXVHGIRUDORQJWLPH
&06.LSEXWWRQ&06NLS
y
'RQRWXVHROGDQGQHZRUGLIIHUHQWW\SHVRI
EDWWHULHVLQFRPELQDWLRQ
%DWWHULHVFRQWDLQFKHPLFDOVXEVWDQFHVVRWKH\
VKRXOGEHGLVSRVHGSURSHUO\
y
))5(:EXWWRQV
(GLWEXWWRQ(',7
7LPHUEXWWRQ7,0(5
5HPRWH VHQVRU
7KHUHPRWHKDVDUDQJHRI
DSSUR[LPDWHO\PDQGZRUNV
EHVWZKHQSRLQWHGGLUHFWO\DW
WKHXQLWKRUL]RQWDOO\DWDQJOHV
XSWRƒIURPWKHIURQWRIWKH
XQLW
3$86(67(3
5(:
))
&21752/6 $1' ',63/$<6
)URQW SDQHO FRQQHFWLRQV
IRU UHIHUHQFH RQO\
1DPHV RI SDUWV DQG FRQWUROV
23(1&/26(%XWWRQ
2SHQVRUFORVHVWKHGLVNWUD\
6WDQGE\2Q%XWWRQ
7XUQVWKHUHFRUGHURQDQGRII
3/$<%XWWRQ
3OD\VDGLVN
',6& 75$<
+ROGVGLVFVVHFXUHO\GXULQJUHFRUGLQJRUSOD\EDFN
6723%XWWRQ
6WRSVSOD\LQJRUUHFRUGLQJDGLVN
'9/,1.,(((-DFN
&RQQHFWVGLJLWDOYLGHRFDPFRUGHUVWRWKLV'9'5HFRUGHU
+'''9'%XWWRQ
3UHVVWRVZLWFKEHWZHHQ+''DQG'9'
'9' ,QGLFDWRU
/LJKWVXSZKHQ'9'LVVHWDVWKHWDUJHWGHYLFH
5(&25'%XWWRQ
6WDUWVUHFRUGLQJ
',63/$<3DQHO
2SHUDWLRQLQGLFDWRUVDUHGLVSOD\HGKHUH
6285&(%XWWRQ
6HOHFWHTXLSPHQWFRQQHFWHGWRWKHOLQHLQSXWV
+'' ,QGLFDWRU
/LJKWVXSZKHQ+''LVVHWDVWKHWDUJHWGHYLFH
)5217$99,'(2$8',2/5-DFNV
&RQQHFWVWKHLQSXWRIH[WHUQDOHTXLSPHQW
'LVSOD\ ZLQGRZ
3DXVHLQGLFDWRU
3OD\LQGLFDWRU
'9'LQGLFDWRU
5HFRUGLQGLFDWRU
69&'LQGLFDWRU
7LPHUUHFRUGPRGH
9&'LQGLFDWRU
0XOWLLQIRUPDWLRQZLQGRZ
&''$LQGLFDWRU
'9'5:LQGLFDWRU
),/(LQGLFDWRU
&'5'9'5LQGLFDWRU
&'LQGLFDWRU
&'5:'9'5:LQGLFDWRU
'9'5LQGLFDWRU
&21752/6 $1' ',63/$<6
5HDU SDQHO FRQQHFWLRQV
IRU UHIHUHQFH RQO\
1DPHVRISDUWV
781(579$17(11$-DFNV
&RQQHFWV79$17(11$IRUVLJQDORXWSXWLQSXW
1RWH
3OD\EDFNVLJQDOVGRQ¶WJRWKURXJKKHUH0DNH
SURSHUFRQQHFWLRQVEHIRUHXVLQJWKLV'9'5HFRUGHU
/,1(2879,'(2$8',2/5-DFNV
&RPSRVLWHVLJQDORXWSXW
/,1(,169,'(2-DFN
69LGHRVLJQDOLQSXW
',*,7$/$8',2287&2$;,$/-DFN
&RQQHFWVDQDPSOLILHURUUHFHLYHUKDYLQJDGLJLWDOLQSXWMDFN
$95HDU9,'(2$8',2/5-DFNV
&RPSRVLWHVLJQDOLQSXW
',*,7$/$8',2287237,&$/-DFN
&RQQHFWVDQDPSOLILHURUUHFHLYHUKDYLQJDGLJLWDOLQSXWMDFN
&20321(179,'(2287387<3E3U-DFNV
&RPSRQHQWVLJQDORXWSXW
$&,Q7HUPLQDO
/,1(28769,'(2-DFN
69LGHRVLJQDORXWSXW
&211(&7,216
%HIRUHPDNLQJFRQQHFWLRQV
'RQRWSOXJWKH$&SRZHUFRUGLQWRWKHRXWOHWXQWLODOORWKHUFRQQHFWLRQVDUHPDGH
&RQQHFW9,'(2287RIWKHXQLWGLUHFWO\WRWKHYLGHRLQSXWRI\RXU79&RQQHFWLQJ9,'(2287RIWKHXQLWWRD79YLDD9&5PD\
FDXVHDYLHZLQJSUREOHPZKHQSOD\LQJEDFNDFRS\SURWHFWHGGLVN<RXPD\DOVRKDYHD YLHZLQJSUREOHPZKHQFRQQHFWLQJWKHXQLW
WRDQLQWHJUDWHG799LGHRV\VWHP
&RQQHFWLQJWRWKHDQWHQQDRXWOHWDQGWKHWHOHYLVLRQ
%HIRUHXVLQJWKHXQLWIROORZWKHVWHSVEHORZWRFRQQHFWWKHXQLWWRWKHDQWHQQDFDEOHDQG79
&RQQHFWLQJWRD79ZLWK&20326,7(MDFNV
8VHD5)FDEOHVXSSOLHGWRFRQQHFWWKH $17(11$,1RQWKHXQLWWRWKHDQWHQQDRXWOHW
8VHD5)FDEOHVDPHDVVXSSOLHGWRFRQQHFWWKH 79287RQWKHXQLWWRWKH5)LQSXWRQWKHWHOHYLVLRQ
8VH$8',29,'(2FDEOHVVXSSOLHGWRFRQQHFWWKH $8',29,'(2RXWSXWRQWKHXQLWWRWKHDXGLRYLGHRLQSXWRQWKHWHOHYLVLRQ
1RWHV
'R QRW SODFH WKLV XQLW RQ WRS RI RWKHU HTXLSPHQW WKDW PD\ JHQHUDWH KHDW ([FHVVLYH KHDW P D\ FDXVH WKLV XQLW WR
PDOIXQFWLRQ
)RU 'LJLWDO &DEOH DQG 6DWHOOLWH 79 XVHUV SOHDVH FRQQHFW \RXU GHFRGHU¶V RXWSXW WR WKLV XQLW¶V LQSXW
)25 %(77(5 9,'(2 48$/,7<
7KHUHDUHWZRW\SHVRIFRQQHFWLRQV69LGHRDQG&RPSRQHQWYLGHRWKDWSURYLGHKLJKHUTXDOLW\
YLHZLQJ
&RQQHFWLQJ WR D 79 YLD 69LGHR RXW
&RQQHFWLQJWRD79ZLWKD69LGHRMDFN
8VHD69LGHRFDEOHQRWVXSSOLHGWRFRQQHFWWKH69LGHRRXWSXWRQWKHXQLWWRWKH69LGHRLQSXWRQWKHWHOHYLVLRQ
1RWHV
(QWHUV\VWHPVHWXSWRHQDEOH69LGHRUHIHUWRWKHVHFWLRQWLWOHG³4XLFN6HWXS´
:KHQXVLQJ69LGHRFRQQHFWLRQVSOHDVHUHPRYHDOORWKHUYLGHRRXWSXWFRQQHFWLRQV
,QWKLVFRQILJXUDWLRQWKH5HGDQG:KLWHDXGLRFDEOHFRQQHFWLRQVDUHUHTXLUHGUHIHUWRWKHVHFWLRQWLWOHG³)RUEHWWHU$XGLR4XDOLW\´
&RQQHFWLQJ WR D 79 YLD &20321(17 RXW
&RQQHFWLQJWRD79ZLWKFRPSRQHQWMDFNV
8VH&20321(17FDEOHVQRWVXSSOLHGWRFRQQHFWWKH &20321(17RXWSXWRQWKHXQLWWRWKH&20321(17LQSXWRQWKH
WHOHYLVLRQ
1RWHV
(QWHUV\VWHPVHWXSWRHQDEOH&20321(17UHIHUWRWKHVHFWLRQWLWOHG³4XLFN6HWXS´
:KHQXVLQJ&20321(17FRQQHFWLRQVSOHDVHUHPRYHDOORWKHUYLGHRRXWSXWFRQQHFWLRQV
,QWKLVFRQILJXUDWLRQWKH5HGDQG:KLWHDXGLRFDEOHFRQQHFWLRQVDUHUHTXLUHGUHIHUWRWKHVHFWLRQWLWOHG³)RUEHWWHU$XGLR4XDOLW\´
)25 %(77(5 $8',2 48$/,7<
7KHUHDUHWZRW\SHVRIDXGLRFRQQHFWLRQVDQDORJDQGGLJLWDO
&RQQHFWLQJWRDVWHUHRDXGLRDPSOLILHURUUHFHLYHU
8VHDQDXGLRFRUGWRFRQQHFWWKH $8',2287RQWKHXQLWWRWKH
DXGLRLQSXWRQDVWHUHRDPSOLILHURUDUHFHLYHU
&RQQHFWLQJWRDGLJLWDODXGLRGHYLFH
&RQQHFWDQDPSOLILHUZLWK'ROE\'LJLWDODQG'76GHFRGHUVWRHQMR\VXUURXQGVRXQG
'LJLWDO RXW RSWLFDO
8VHDILEHURSWLFFDEOHQRWVXSSOLHGWRFRQQHFWWKH',*,7$/
287237,&$/GLJLWDORSWLFDORXWSXWRQWKHXQLWWRWKHGLJLWDO
RSWLFDOLQSXWRQDQVWHUHRDPSOLILHURUDUHFHLYHU
'LJLWDO RXW FRD[LDO
8VHDFRD[LDOFDEOHQRWVXSSOLHGWRFRQQHFWWKH ',*,7$/
287&2$;,$/FRD[LDOGLJLWDORXWSXWRQWKHXQLWWRWKH
FRD[LDOGLJLWDOLQSXWRQDQVWHUHRDPSOLILHURUDUHFHLYHU
&211(&7,1* 6$7(//,7( 5(&(,9(5 25 &$%/( %2;
&RQQHFWLQJWKHFDEOHER[VDWHOOLWHER[DQGWHOHYLVLRQ
%HIRUHXVLQJWKHXQLWIROORZWKHVWHSVEHORZWRFRQQHFWWKHXQLWWRWKHFDEOHER[DQG79
&RQQHFWLQJWRDVDWHOOLWHER[RUDFDEOHER[ZLWK&20326,7(MDFNV
8VH$8',29,'(2FDEOHVWRFRQQHFWWKH$8',29,'(2RXWSXWRIWKHXQLWWRWKH$8',29,'(2LQSXWRQWKHFDEOHER[RUVDWHOOLWH
UHFHLYHU
6<67(0 0(18
5HPRWH&RQWUROV\VWHPPHQX
)ROORZWKHVWHSVEHORZWRUHVHWSHUVRQDOSUHIHUHQFHVIRUXVLQJ
WKH'9'UHFRUGHU&RQILUPWKDWDOOFRQQHFWLRQVDUHVHFXUHG
SURSHUO\
3UHVV>67$1'%<21@WRWXUQRQWKHXQLW
3UHVV>6<67(00(18@WRGLVSOD\WKHV\VWHPPHQX
3UHVV>S@>T@WRVHOHFW³6\VWHP´³/DQJXDJH´
³3OD\EDFN´³5HFRUG´³$XGLR´³797XQHU´RU³(;,7´
DQGSUHVV>W@>X@WRUHWXUQWRWKHSUHYLRXVPHQX
3UHVV>S@>T@WRVHOHFWWKHLWHP\RXZDQWWRFKDQJH
DQGSUHVV>X@RU>2.@
VHOHFW ³6\VWHP´LFRQWRVHW 9LGHR2XWSXW'DWHDQG7LPH
VHOHFW ³/DQJXDJH´LFRQWRVHW 26'
VHOHFW ³3OD\EDFN´ LFRQWRVHW $VSHFW5DWLR
VHOHFW ³5HFRUG´LFRQWRVHW 4XDOLW\000[0
0DQG0
VHOHFW ³$XGLR´ LFRQWRVHW 'LJLWDO2XWSXW3&0%LW
6WUHDP
5HIHUHQFHWKH³*8,RSHUDWLRQ´VHFWLRQIRUGHWDLOHGPHQX
3UHVV>2.@WRFRQILUPWKHVHWWLQJ
3UHVV>6<67(00(18@WRH[LWWKHV\VWHPPHQXRUSUHVV
>W@ WRUHWXUQWRWKHSUHYLRXVPHQXRW
1RWH
7RUHFRUG79SURJUDPVXVLQJWKH7LPHU5HFRUGIHDWXUH\RX
PXVWVHWWKHWLPHDFFXUDWHO\
6HWWLQJWKHGDWHDQGWLPHLQ6<67(0FDWHJRU\
$SRZHUIDLOXUHFRXOGUHVXOWLQLQFRUUHFWGDWHWLPHVHWWLQJV7KH
FRUUHFWWLPHQHHGVWREHUHVHW
6HOHFW³6\VWHP´XVLQJ> S@>T@DQGSUHVV>2.@
6HOHFW³YLGHRRXWSXW´DV³&20321(17´RU³352*5(66,9(´
XVLQJ>S@>T@DQGSUHVV>2.@5HIHUHQFHWKH³*8,RSHUDWLRQ´
VHFWLRQIRUGHWDLOV
:KHQDOOVHWWLQJVDUHFRUUHFWSUHVV>W@WRUHWXUQWRWKH
PDLQ PHQX
7RH[LWWKHV\VWHPPHQXSUHVVWKH>6<67(00(18@EXWWRQ
3URJUHVVLYH6FDQPRGH
<RXFDQFKDQJHWKHYLGHRRXWSXWPRGHZKHQ\RXSUHVVWKH
>6<67(00(18@EXWWRQDQGWRVHOHFW³6\VWHP!9LGHR
2XWSXW!3URJUHVVLYH´
9LGHRRXWSXWPRGH
S 3URJUHVVLYHYLGHR L,QWHUODFHYLGHR
<RXPXVWFRQQHFWWKHFRPSRQHQWRXWSXWRQWKHXQLWWRD
SFRPSDWLEOHWHOHYLVLRQ
1RWHV
,I\RXDFFLGHQWDOO\VHW³352*5(66,9(´DVWKH9,'(2287387
ZKHQQRWFRQQHFWLQJWRDSURJUHVVLYHVFDQFRPSDWLEOH79\RX
PD\ORVHWKHYLGHRVLJQDORQ\RXU79LQVWDQWO\7RJHWWKH
SLFWXUHEDFNSUHVV>X@ DQGWKHQXPEHUHGEXWWRQV³´³´³´
DQG³´RQWKHUHPRWHFRQWURODQGWKHQ>2.@WRUHVHWWKHYLGHR
RXWSXW
6HWWLQJ $VSHFW UDWLR LQ 3/$<%$&. FDWHJRU\
6HWWKHGDWH
6HOHFW³´UHJXODURU³´ZLGHVFUHHQWRVXLW\RXU
WHOHYLVLRQ,I\RXKDYHDUHJXODUWHOHYLVLRQ\RXFDQDOVR
VHOHFWKRZYLGHRWLWOHRQVRPHGLVFVLVSUHVHQWHG
3UHVVWKH>6<67(00(18@EXWWRQDQGWKHV\VWHPPHQXZLOO
EHGLVSOD\HG
6HOHFW³6\VWHP´XVLQJ> S@>T@DQGSUHVV>2.@
6HOHFW³'DWH´XVLQJ> S@>T@DQGSUHVV>2.@
&KDQJHWKHGD\PRQWK\HDULQWKHKLJKOLJKWHGILHOGXVLQJ>S@
>T@RUWKHQXPEHUHGEXWWRQVaRQ\RXUUHPRWHFRQWURODQG
FRQILUPE\SUHVVLQJ>2.@
:KHQDOOVHWWLQJVDUHFRUUHFWSUHVV>W@WRUHWXUQWRWKH
PDLQ PHQX
7RH[LWWKHV\VWHPPHQXSUHVVWKH>6<67(00(18@EXWWRQ
/%R[/HWWHU%R[
6HOHFWZKHQ\RXFRQQHFWWKHXQLWWRDQRUPDO
79
:KHQSOD\LQJEDFND'9'9,'(2GLVF
UHFRUGHGLQZLGHSLFWXUHIRUPDWWKHSLFWXUHLV
VKRZQZLWKEODFNEDUVDWWKHWRSDQGERWWRP
6HWWKHWLPH
3DQ3DQ6FDQ
3UHVV>6<67(00(18@RQWKHUHPRWHFRQWURO7KHV\VWHP
PHQXZLOODSSHDU
6HOHFW³6\VWHP´XVLQJ> S@>T@DQGSUHVV>2.@
6HOHFW³7LPH´XVLQJ> S@>T@DQGSUHVV>2.@
&KDQJHWKH³KRXUPLQXWHVHFRQG´ LQWKHKLJKOLJKWHGILHOG
XVLQJ>S@>T@RUWKHQXPEHUHGEXWWRQVaRQ\RXU
UHPRWHFRQWURO
&KDQJHWKH³$030´PRGHXVLQJ> S@>T@DQGFRQILUPE\
SUHVVLQJ>2.@
:KHQDOOVHWWLQJVDUHFRUUHFWSUHVV>W@XQWLOUHWXUQLQJWR
WKHPDLQOHYHO
7RH[LWWKHV\VWHPPHQXSUHVVWKH>6<67(00(18@EXWWRQ
1RWH
&KHFNWKDWWKHFORFNLVFRUUHFWO\VHWEHIRUHLQLWLDWLQJWKHWLPHU
UHFRUGLQJIXQFWLRQ,IWKHFORFNLVVHWLQFRUUHFWO\7LPHU5HFRUG
UHVXOWVPD\QRWEHDFFXUDWH
6HOHFWZKHQ\RXFRQQHFWWKHXQLWWRDQRUPDO
79
:KHQSOD\LQJEDFND'9'9,'(2GLVF
UHFRUGHGLQZLGHSLFWXUHIRUPDWWKHSLFWXUHLV
]RRPHGWRILOOWKHVFUHHQYHUWLFDOO\DQGWKH
OHIWDQGULJKWVLGHVRIWKHLPDJHDUHFKRSSHG
RII1RWHKRZHYHUWKDWWKHSLFWXUHZLOOEHVKRZQLQWKH/
%R[/HWWHU%R[PRGHHYHQLI\RXVHOHFWWKH3DQ
3DQ6FDQPRGHGHSHQGLQJRQWKHGLVF
:LGH:LGH6FUHHQ
6HOHFWZKHQ\RXFRQQHFWWKHXQLWWRD
ZLGHVFUHHQ79
6HWWLQJ$XGLRLQ$8',2FDWHJRU\
'LJLWDO2XWSXW
3&0%LW6WUHDP
(QDEOHGLJLWDODXGLRRXWSXWZLWK3&0RUHQFRGHGGDWD
6HWWLQJYLGHRRXWSXWLQ6<67(0FDWHJRU\
3UHVVWKH>6<67(00(18@EXWWRQDQGWKHV\VWHPPHQXZLOO
EHGLVSOD\HG
'762XW
212))
79 &+$11(/ 6(783
79FKDQQHOVFDQQLQJ
:KHQWKH³VFDQFKDQQHO´IXQFWLRQLVDFWLYDWHGWKH79FKDQQHOV
DUHVHDUFKHGDQGVWRUHGLQDVSHFLILFRUGHU,IWKHFKDQQHO
DVVLJQPHQWRI\RXU79FRQWHQWSURYLGHULVFKDQJHGRULI\RXDUH
UHLQVWDOOLQJWKLV'9'UHFRUGHU\RXPD\QHHGWRVWDUWWKLV
SURFHGXUHDJDLQ7KLVZLOOUHSODFHWKH79FKDQQHOVWRUHGZLWKWKH
QHZRQHV
%HIRUHVFDQQLQJFKDQQHOVHWWKH³79VLJQDO´DQG³FRXQWU\´IRU
LQLWLDWLRQ
(QVXUHWKHDQWHQQDVDUHVHFXUHO\FRQQHFWHGWR
WKH'9'UHFRUGHU
6ZLWFKRQWKH79VHWDQGWKH'9'UHFRUGHU
3UHVV>6<67(00(18@WRGLVSOD\WKHV\VWHP
PHQXSUHVV>S@>T@WRVHOHFWWKH³79
781(5´LFRQDQGSUHVV>X@
7KHFKDQQHOVFDQQLQJVWDUWV7KLVSURFHVVPD\
WDNHDIHZPLQXWHV
:KHQDOOWKH79FKDQQHOVKDYHEHHQVHDUFKHG
DQGVWRUHGSUHVV>6<67(00(18@WRH[LW
1RWH
,IWKHDYDLODEOHFKDQQHOQXPEHULQ\RXUUHVLGHQFHDUHDH[FHHGV
WKHPD[LPXPUHFHLYDEOHFKDQQHOQXPEHUVRIWKLV'9'
5HFRUGHUWKHVFDQZLOOEHGLVFRQWLQXHG7KHPD[LPXP
UHFHLYDEOHFKDQQHOQXPEHUVDUH
$QWHQQD FKV
&DEOH
FKV
$XWR
FKV
3UHVV>S@>T@WRVHOHFW³79VLJQDO´DQGSUHVV>X@
3UHVV>S@>T@WRVHOHFW³FDEOH´³DQWHQQD´RU
³DXWR´GHSHQGLQJRQKRZ\RXUHFHLYH\RXU
WHUUHVWULDO79FKDQQHOVDQGSUHVV>2.@3UHVV
>W@WRUHWXUQWRWKHSUHYLRXVPHQXDQGVDYHWKH
VHWWLQJ
,I\RXVHOHFW³DXWR´WKHXQLWZLOODXWRPDWLFDOO\VFDQFKDQQHOV
DYDLODEOHDWERWKFDEOHDQGDQWHQQDFRQQHFWLRQVZKLFKPLJKW
WDNHORQJHUWKDQQHHGHG
)LQHWXQLQJ 79 FKDQQHOV PDQXDOO\
$IWHU\RXKDYHSHUIRUPHGWKHFKDQQHOVFDQQLQJ\RXPD\OLNHWR
ILQHWXQHWKH79FKDQQHOVLJQDOPDQXDOO\)ROORZWKHVWHSV
EHORZWRFRPSOHWHILQHWXQH
3UHVV>6<67(00(18@WRGLVSOD\WKH³V\VWHP
PHQX´SUHVV>S@>T@WRVHOHFWWKH³79781(5´
LFRQDQGSUHVV>X@
3UHVV>S@>T@WRVHOHFW³),1(781(´DQGSUHVV
>X@
3UHVV>S@>T@WRILQHWXQHWKHFKDQQHOVLJQDO
3UHVV>S@>T@WRVHOHFW³&RXQWU\´DQGSUHVV
>X@3UHVV>S@>T@WRVHOHFWWKHFRXQWU\RI\RXU
UHVLGHQFHIURPWKHOLVWDQGSUHVV>2.@WRVDYHWKH
VHWWLQJV3UHVV>W@WRUHWXUQWRWKHSUHYLRXV
PHQX
:KHQFRPSOHWHSUHVV>6<67(00(18@WRH[LWWKH
V\VWHPPHQX
(GLWLQJ 79 FKDQQHOV PDQXDOO\
$IWHU\RXKDYHSHUIRUPHGFKDQQHOVFDQQLQJ\RXPD\OLNHWR
IXUWKHUHGLWWKH79FKDQQHOV7KLVIXQFWLRQDOORZVPDQXDOO\
DGGLQJGHOHWLQJFKDQQHOVVZDSSLQJFKDQQHORUGHULQVHUWLQJD
FKDQQHOWRDVSHFLILFRUGHUUHQDPLQJWKHFKDQQHOVDQGVRRQ
3UHVV>S@>T@WRVHOHFW³8WLOLWLHV´DQGSUHVV>X@
3UHVV>S@>T@WRVHOHFW³VFDQFKDQQHO´DQG
SUHVV>2.@WRVWDUWFKDQQHOVFDQQLQJ
,I\RXZLVKWRVWRSVFDQQLQJPRYHWR³VWRSVFDQ´DQGSUHVV
>2.@7KHVFDQQLQJSURFHVVZLOOEHGLVFRQWLQXHG
3UHVV>6<67(00(18@WRGLVSOD\WKH³V\VWHP
PHQX´SUHVV>S@>T@WRVHOHFWWKH³79781(5´
LFRQDQGSUHVV>X@
3UHVV>S@>T@WRVHOHFW³8WLOLWLHV´DQGSUHVV>X@
3UHVV>S@>T@WRVHOHFW³(GLW&KDQQHO´DQGSUHVV
>X@7KH&KDQQHO(GLWRUPHQXZLOOEHGLVSOD\HG
)RUGHWDLOHGRSHUDWLRQLQVWUXFWLRQVRQWKH³&KDQQHO(GLWRU´
PHQXUHIHUWRWKH³&KDQQHO(GLWRU´VHFWLRQ
&+$11(/ (',725
7RDFFHVVWRWKH&KDQQHO(GLWRUPHQXSUHVV>6<67(00(18@
VHOHFW³79781(5´³8WLOLWLHV´³(GLWFKDQQHO´DQGSUHVV>2.@
2USUHVV>6285&(@WRVHW³79´DVWKHLQSXWVLJQDOVRXUFHDQG
SUHVV>(',7@(LWKHUZD\WKH&KDQQHO(GLWRUPHQXZLOOEH
GLVSOD\HG
6ZDSSLQJ 79 FKDQQHOV
7KLVIXQFWLRQDOORZV\RXWRPDQXDOO\VZDSWKH79FKDQQHORUGHU
VWRUHGLQWKHXQLWWRPDWFKWKH79FKDQQHORUGHUVWRUHGLQ\RXU
79VHW
0RYLQJ XS RU PRYLQJ GRZQ WKH 79 FKDQQHO
3UHVV>S@>T@WRVHOHFWD79&KDQQHODQGSUHVV
>X@
3UHVV>S@>T@WRVHOHFWRQHRIWKH79FKDQQHOV
DQGSUHVV>X@
3UHVV>S@>T@WRVHOHFW³6ZDSZLWK´DQGSUHVV
>2.@
3UHVV>S@>T@WRVHOHFW³0RYH8S´RU³0RYH
'RZQ´DQGSUHVV>(17(5@
3UHVV>W@>X@>S@>T@WRHQWHUWKH³&KDQQHO
QXPEHU´DQGSUHVV>2.@WRVZDS7KHRUGHURI
WKHFKDQQHOVZLOOEHVZDSSHGZLWKWKHFKDQQHO
QXPEHUHQWHUHG
7KHRUGHURIWKH79FKDQQHOZLOOEHFKDQJHG
(DFKWLPH\RXSUHVV>S@RU>T@DQGWKHLWHPFKDQJHVDV
IROORZV
7RVZDSRWKHU79FKDQQHOVUHSHDWVWHSWR
FRPSOHWHWKHVHWWLQJV
3UHVV>W@>X@>S@>T@WRVHOHFW³(;,7´SUHVV
>2.@WRVDYHWKHVHWWLQJDQGH[LWWKH³&KDQQHO
(GLWRU´PHQX
7RPRYHWKHORFDWLRQRIRWKHU79FKDQQHOVUHSHDW
VWHSaWRFRPSOHWHWKHVHWWLQJV
3UHVV>W@>X@>S@>T@WRVHOHFW³(;,7´SUHVV
>(17(5@WRVDYHWKHVHWWLQJDQGH[LWWKH
³&KDQQHO(GLWRU´PHQX
,QVHUWLQJ 79 FKDQQHOV
3UHVV>S@>T@WRVHOHFWD79FKDQQHOVDQG
SUHVV>X@
3UHVV>S@>T@WRVHOHFW³,QVHUW7R´DQGSUHVV
>(17(5@
3UHVV>W@>X@>S@>T@WRHQWHUWKH³&KDQQHO
QXPEHU´DQGSUHVV>(17(5@7KHFKDQQHOZLOOEH
PRYHGWRWKHGHVLUHGORFDWLRQ
5HQDPLQJ 79 FKDQQHOV
3UHVV>S@>T@WRVHOHFWD79FKDQQHODQGSUHVV
>X@
3UHVV>S@>T@WRVHOHFW³5HQDPH´DQGSUHVV
>2.@
7KHGLVSOD\IRU
HQWHULQJDWLWOHQDPH
DSSHDUV
7RFKDQJHWKHORFDWLRQVRIRWKHU79FKDQQHOV
UHSHDWVWHSaWRFRPSOHWHWKHVHWWLQJV
3UHVV>W@>X@>S@>T@WRVHOHFW³(;,7´SUHVV
>(17(5@WRVDYHWKHVHWWLQJDQGH[LWWKH
³&KDQQHO(GLWRU´PHQX
6HOHFWWKHGHVLUHG
FKDUDFWHUVIURPWKH
NH\SDG3UHVV>2.@
DIWHUHDFKHQWU\
:KHQ\RXILQLVK
HQWHULQJWKHWLWOH
QDPHSUHVV>W@>X@>S@>T@WR
VHOHFW³)LQLVK´WRSUHVV>2.@
1RWHV
<RXFDQRQO\HQWHUXSWRFKDUDFWHUVIRUDQDPH
6HWWLQJ XS *&RGHŠ V\VWHP
&+$11(/ (',725
7XUQLQJ RQ RU WXUQLQJ RII 79 FKDQQHOV PDQXDOO\
$IWHU\RXKDYHSHUIRUPHGWKHFKDQQHOVFDQQLQJSURFHVV\RX
PD\OLNHWRDGGRUGHOHWHVRPHRIWKH79FKDQQHOV7KLVIXQFWLRQ
DOORZVWXUQLQJRQWKHFKDQQHOQRWIRXQGDWFKDQQHOVFDQQLQJRU
WXUQLQJRIIWKHFKDQQHOIRXQGPDQXDOO\
3UHVV>S@>T@WRVHOHFWD79&KDQQHOQRWIRXQGDW
FKDQQHOVFDQQLQJDQGSUHVV>X@
3UHVV>S@>T@WRVHOHFW³7XUQRQ´DQGSUHVV
>2.@7KH79FKDQQHOVHOHFWHGZLOOEHWXUQHGRQ
7RWXUQRIIWKH79FKDQQHOPRYHWR³7XUQRII´DQGSUHVV>2.@
7KH79FKDQQHOVHOHFWHGZLOOEHWXUQHGRII
7RWXUQRQRWKHU79FKDQQHOVUHSHDWVWHSaWR
FRPSOHWHWKHVHWWLQJV
3UHVV>W@>X@>S@>T@WRVHOHFW³(;,7´SUHVV
>2.@WRVDYHWKHVHWWLQJDQGH[LWWKH³&KDQQHO
(GLWRU´PHQX
7KDQNVWRWKLVSURJUDPPLQJV\VWHP\RXQRORQJHUQHHGWR
WHGLRXVO\HQWHUWKHGDWHSURJUDPPHQXPEHUVWDUWDQGHQG
WLPHV$OOWKHLQIRUPDWLRQQHHGHGE\WKH'9'UHFRUGHUIRU
SURJUDPPLQJLVFRQWDLQHGLQWKH*&RGHŠ SURJUDPPLQJQXPEHU
7KLVGLJLW*&RGHŠ SURJUDPPLQJQXPEHULVIRXQGLQPRVW79
OLVWLQJVPDJD]LQHV
%HIRUHVHWWLQJXSFRQILUPWKDWWKHDOOFDEOHVDUHVHFXUHO\
FRQQHFWHG
6HWWLQJ XS WKH *&RGHŠ V\VWHP
3UHVVWKH>6285&(@EXWWRQWRVHW79DVWKH
LQSXWVLJQDOVRXUFH
3UHVV>(',7@WRGLVSOD\WKH³&KDQQHO(GLWRU´
PHQX
3UHVV>S@>T@WRJRWRDFKDQQHODQGSUHVV
>2.@
3UHVV>W@>X@>S@>T@WRJRWR³*&RGH´EXWWRQ
DQGSUHVV>2.@
7KHPHQXWRHQWHU*&1LVGLVSOD\HG
8VHWKHQXPEHUHGEXWWRQVaWRHQWHUWKH
*&1DQGSUHVV>2.@ZKHQGRQH
3UHVV>W@>X@WRJREDFNWRDGYDQFHUHWXUQWRWKHSUHYLRXV
QH[WGLJLW
7RVHW*&1IRURWKHUFKDQQHOVUHSHDWVWHSVa
:KHQFRPSOHWHSUHVV>S@>T@WRJRWR³(;,7´
DQGSUHVV>2.@WRH[LWWKHFKDQQHOHGLWRUPHQX
*8,'( 0(18 3/$<%$&.
*XLGH PHQX LV D XQLTXH XVHU LQWHUIDFH WR JXLGH
\RX WKURXJK EDVLF IXQFWLRQV RI WKLV UHFRUGHU %\
XVLQJ WKH *XLGH PHQX LW LV OHVV WLPHFRQVXPLQJ
WR RSHUDWH WKLV V\VWHP 8VHUV QR ORQJHU QHHG WR
JR WKURXJK QRUPDO RSHUDWLRQV WKDW PD\ UHTXLUH
IDU PRUH VWHSV DQG GLIIHUHQW LQWHUIDFHV
3UHVV> 3$86(@WRSDXVHSOD\EDFN
3UHVV> 3/$<@WRUHVXPHQRUPDOSOD\EDFN
3UHVV> 6723@WRVWRSSOD\EDFNDWDPDUNHGVWRS
3UHVV>
6723@WZLFHWREULQJWKHSOD\EDFNWRDIXOOVWRS
3OD\EDFNPXVLFILOHV
3UHVV>
3OD\EDFNYLGHRILOHV
3UHVV>
*8,'(@WRGLVSOD\WKH*XLGHPHQX
3UHVV>S@>T@WRVHOHFW³3OD\EDFN´DQGWKHQ
SUHVV>2.@
*8,'(@WRGLVSOD\WKH*XLGHPHQX
3UHVV>S@>T@WRVHOHFW³3OD\EDFN´DQGWKHQ
SUHVV>2.@
3UHVV>S@>T@WRVHOHFW'9'RU+''DQGWKHQ
SUHVV>2.@
3UHVV>S@>T@WRVHOHFW³PXVLF´DQGSUHVV
>2.@
7KHEURZVHUPHQXLVGLVSOD\HG
3UHVV>S@>T@WRVHOHFW'9'RU+''DQGWKHQ
SUHVV>2.@
3UHVV>W@>X@>S@>T@WRVHOHFWDPXVLFILOH
\RXZDQWWRSOD\DQGSUHVV>2.@
,I\RXZDQWWRJRWRWKHQH[WSDJHRUWRWKHUHWXUQSUHYLRXVSDJH
\RXFDQVHOHFWWKH>
@>
@LFRQRUWKHSDJHQXPEHULFRQ
3UHVV> 3$86(@WRSDXVHSOD\EDFN
3UHVV> 3/$<@WRUHVXPHQRUPDOSOD\EDFN
3UHVV> 6723@WRVWRSSOD\EDFN
3UHVV>S@>T@WRVHOHFW³9LGHR´DQGSUHVV
>2.@
7KHEURZVHUPHQXLVGLVSOD\HG
3OD\EDFNSLFWXUHILOHV
3UHVV>
*8,'(@WRGLVSOD\WKH*XLGHPHQX
3UHVV>S@>T@WRVHOHFW³3OD\EDFN´DQGWKHQ
SUHVV>2.@
3UHVV>S@>T@WRVHOHFW'9'RU+''DQGWKHQ
SUHVV>2.@
3UHVV>S@>T@WRVHOHFW³3LFWXUHV´DQGSUHVV
>2.@
3UHVV>W@>X@>S@>T@WRVHOHFWDWLWOHSURJUDP
\RXZDQWWRSOD\DQGSUHVV>2.@
,I\RXZDQWWRJRWRWKHQH[WSDJHRUUHWXUQWRWKHSUHYLRXVSDJH
\RXFDQVHOHFWWKH>
@>
@LFRQRUWKHSDJHQXPEHULFRQ
3UHVV>W@>X@>S@>T@WRVHOHFWDSLFWXUHILOH
\RXZDQWWRSOD\DQGSUHVV>2.@
,I\RXZDQWWRJRWRWKHQH[WSDJHRUUHWXUQWRWKHSUHYLRXVSDJH
\RXFDQVHOHFWWKH>
@>
@LFRQRUWKHSDJHQXPEHULFRQ
3UHVV> 3$86(@WRSDXVHSOD\EDFN
3UHVV> 3/$<@WRUHVXPHQRUPDOSOD\EDFN
3UHVV> 6723@WRVWRSSOD\EDFN
*8,'( 0(18 3/$<%$&. 5(&25'
3OD\EDFNSLFWXUHVZLWKPXVLF
3UHVV>
5HFRUG RQ WKH +''
*8,'(@WRGLVSOD\WKH*XLGHPHQX
3UHVV>
3UHVV>S@>T@WRVHOHFW³3OD\EDFN´DQGWKHQ
SUHVV>2.@
*8,'(@WRGLVSOD\WKH*XLGHPHQX
3UHVV>S@>T@WRVHOHFW³5HFRUG´DQGWKHQ
SUHVV>2.@
3UHVV>S@>T@WRVHOHFW'9'RU+''DQGWKHQ
SUHVV>2.@
3UHVV>S@>T@WRVHOHFW³3LFWXUHVZLWKPXVLF´DQG
SUHVV>2.@
7KHEURZVHUPHQXRISLFWXUHILOHVZLOOEHGLVSOD\HG
3UHVV>S@>T@WRVHOHFWWKH6LJQDO,QSXW79
$9$969LGHR'9DQGSUHVV>2.@
,I\RXVHOHFW³79´SUHVV> S@>T@WRVHOHFWWKHFKDQQHO\RXZDQWWR
UHFRUGDQGSUHVV>2.@
3UHVV>S@>T@>W@>X= WRVHOHFWWKHSLFWXUHILOHWR
VWDUWSOD\EDFNZLWKDQGSUHVV>2.@
7KHEURZVHUPHQXRIDXGLRILOHVZLOOEHGLVSOD\HG
3UHVV>S@>T@>W@>X@WRVHOHFWWKHPXVLFILOHWR
VWDUWSOD\EDFNZLWKDQGSUHVV>2.@
3OD\EDFNZLOOVWDUW
3UHVV>S@>T@WRVHOHFW³5RWDWH5,*+7´RU³5RWDWH
/()7´DQG³5RWDWH83´³5RWDWHGRZQ´
3UHVV>W@RU>X@WRVNLSWKHSLFWXUH
3UHVV>
1(;7@RU>
35(9,286@WRVNLSWKH
03ILOH
3UHVV>S@>T@WRVHOHFW³+''´DQGSUHVV>2.@
3UHVV> 3$86(@WRSDXVHSOD\EDFN
3UHVV> 3/$<@WRUHVXPHQRUPDOSOD\EDFN
3UHVV> 6723@WRVWRSSOD\EDFN
3UHVV>S@>T@WRVHOHFW³5HFRUGLQJPRGH´DQG
WKHQSUHVV>2.@
3OD\EDFNWKHODVWUHFRUGHGWLWOHRQ+''RQO\
3UHVV>
*8,'(@WRGLVSOD\WKH*XLGHPHQX
3UHVV>S@>T@WRVHOHFW³3OD\EDFN´DQGWKHQ
SUHVV>(17(5@
3UHVV>S@>T@WRVHOHFW+''DQGSUHVV>2.@
3UHVV>S@>T@WRVHOHFW³/DVW5HFRUG´DQGSUHVV
>2.@
3OD\EDFNRIWKHWLWOHODVWUHFRUGHGRQ\RXU+''ZLOOEHJLQ
,I\RXVHOHFW³79´LQVWHSSUHVV> S@>T@WRVHOHFW79DXGLRDQG
SUHVV>2.@
3UHVV>2.@WRVWDUWUHFRUGLQJ
3UHVV> 6723@WRVWRSUHFRUGLQJ
3UHVV> 3$86(@WRSDXVHUHFRUGLQJ
3UHVV> 3$86(@WRSDXVHSOD\EDFN
3UHVV> 3/$<@WRUHVXPHQRUPDOSOD\EDFN
3UHVV> 6723@WRVWRSSOD\EDFNDWDPDUNHGVWRS
3UHVV>
6723@WZLFHWREULQJWKHSOD\EDFNWRDIXOOVWRS
1RWH
<RXFDQSUHVVWKH>*8,'(@EXWWRQWRH[LWWKH*XLGHPHQX
*8,'( 0(18 5(&25' 7,0(5 5(&25'
5HFRUG RQ '9'
7LPHU 5HFRUG 'DWH7LPH 6HWWLQJ
3UHVV>
3UHVV>
*8,'(@WRGLVSOD\WKH*XLGHPHQX
3UHVV>S@>T@WRVHOHFW³5HFRUG´DQGWKHQ
SUHVV>2.@
*8,'(@WRGLVSOD\WKH*XLGHPHQX
3UHVV>S@>T@WRVHOHFW³7LPHU5HFRUG´DQG
WKHQSUHVV>2.@
3UHVV >S@ >T@WRVHOHFW³'DWH7LPH6HWWLQJ´DQG
SUHVV>2.@
3UHVV>S@>T@WRVHOHFWWKH6LJQDO,QSXW79
$9$969LGHR'9DQGSUHVV>2.@
,I\RXVHOHFW³79´SUHVV> S@>T@WRVHOHFWWKHFKDQQHO\RXZDQWWR
UHFRUGDQGSUHVV>2.@
3UHVV>S@>T@WRVHOHFW³'9'´DQGSUHVV>2.@
3UHVV>S@>T@WRVHOHFW³5HFRUGLQJPRGH´DQG
WKHQSUHVV>2.@
3UHVV>S@>T@WRVHOHFWWKH6LJQDO,QSXW79
$9$969LGHR'9DQGSUHVV>2.@
,I\RXVHOHFW³79´SUHVV> S@>T@WRVHOHFWWKHFKDQQHO\RXZDQWWR
UHFRUGDQGSUHVV>2.@
,I\RXVHOHFW³79´LQVWHSSUHVV> S@>T@WRVHOHFW79DXGLRDQG
SUHVV>2.@
3UHVV>S@>T@WRVHOHFW³2QFH´³'DLO\´RU³:HHNO\´
3UHVV>2.@WRVWDUWUHFRUGLQJ
3UHVV> 6723@WRVWRSUHFRUGLQJ
3UHVV> 3$86(@WRSDXVHUHFRUGLQJ
3UHVV>S@>T@>W@>X@RUWKHQXPEHUHGEXWWRQV
aWRVHWWKHGDWHDQGSUHVV>2.@ZKHQGRQH
1RWH
:KHQSODFLQJDQUHFRUGDEOH'9'GLVFRQWKHGLVFWUD\WKHGLVF
SUHSDUDWLRQSURFHVVZLOOWDNHSODFHLQWKHEDFNJURXQG7KLV
SURFHVVRQO\WDNHVDIHZPRPHQWV
*8,'( 0(18 7,0(5 5(&25'
3UHVV>S@>T@>W@>X@RUWKHQXPEHUHGEXWWRQV
aWRVHWWKHWLPHDQGSUHVV>2.@ZKHQ
GRQH
3UHVV>S@>T@WRVHW³/HQJWK´DQGWKHQSUHVV>2.@
3UHVV>S@>T@WRVHOHFW³'HYLFH´DQGWKHQSUHVV
>2.@
3UHVV>S@>T@WRVHOHFW³5HFRUGLQJPRGH´DQG
SUHVV>2.@
,I\RXVHOHFW³79´LQVWHSSUHVV> S@>T@WRVHOHFW79DXGLRDQG
SUHVV>2.@
7KH³7LPHU5HFRUGLQIRUPDWLRQ´ZLOODSSHDUDQG
SUHVV>2.@WRFRQILUPWKHVHWWLQJV
3UHVV>X@DQG>2.@WRH[LWWKHWLPHUUHFRUG
VHWWLQJV
3UHVV>67$1'%<21@WRWXUQWKHUHFRUGHU
RIIWRDFWLYDWH7LPHU5HFRUGIXQFWLRQ
7LPHU 5HFRUG *&RGHŠ 6HWWLQJ
3UHVV> *8,'(@WRGLVSOD\WKH*XLGHPHQXDQG
SUHVV>2.@
3UHVV>S@>T@WRVHOHFW³7LPHU5HFRUG´DQG
WKHQSUHVV>2.@
1RWH
)RU7LPHU5HFRUGWKHUHDUHVHYHQUHFRUGLQJPRGHVIRUUHFRUGLQJ
RQ'9'GLVF000[000DQG-XVW)LW7KH³-XVW
)LW´UHFRUGLQJPRGHLVRQO\DSSOLFDEOHZKHQUHFRUGLQJRQWR'9'
GLVF:KHQWKHUHFRUGLQJPRGHLVVHWWREH³-XVW)LW´WKH
UHFRUGLQJPRGHZLOOEHDXWRPDWLFDOO\DGMXVWHGGHSHQGLQJRQKRZ
PXFKUHFRUGLQJVSDFHLVDYDLODEOHRQWKHGLVF
3UHVV >S@>T@WRVHOHFW³*&RGH6HWWLQJ´DQG
SUHVV>2.@
3UHVV>S@>T@WRVHOHFWRQFHGDLO\RUZHHNO\
DQGSUHVV>2.@
*8,'( 0(18 7,0(5 5(&25' &23<
8VHWKHQXPEHUHGEXWWRQVWRHQWHUWKH*&RGH
SURJUDPPLQJQXPEHUDQGWKHQSUHVV>2.@
3UHVV >S@>T@WRVHOHFW³)URP+''WR'9'´DQG
SUHVV>2.@
$IWHUHQWHULQJWKH*&RGHSURJUDPPLQJQXPEHUWKH
³*&1´DQG³3UHVHWFKDQQHOQXPEHU´ZLOOEH
GLVSOD\HG3UHVV>2.@WRVHWWKHSUHVHWWKHFKDQQHO
3UHVV> 23(1&/26(@WRRSHQWKHGLVFWUD\DQG
LQVHUWDUHFRUGDEOH'9'GLVF3UHVVWKHEXWWRQ
DJDLQWRFORVHWKHWUD\
7KHGLVFSUHSDUDWLRQSURFHVVZLOOWDNHSODFHLQWKHEDFNJURXQG
7KLVSURFHVVRQO\WDNHVDIHZPRPHQWV
3UHVV>S@>T@WRVHOHFW³'9'´RU³+''´DQGWKHQ
SUHVV>2.@
3UHVV>S@>T@>W@>X@WRVHOHFWWKHILOHWRFRS\DQG
SUHVV>2.@
3UHVV>S@>T@WRVHOHFW³5HFRUGLQJPRGH´DQG
WKHQSUHVV>2.@
7KH³-XVW)LW´UHFRUGLQJPRGHLVRQO\DSSOLFDEOHZKHQUHFRUGLQJRQ
D'9'GLVF
:KHQFRPSOHWHJRWR³(;,7´DQGSUHVV>2.@
3UHVV>S@>T@WRVHOHFW79DXGLRDQGSUHVV>2.@
&RS\ )URP '9' WR +'' 7KH³7LPHU5HFRUGLQIRUPDWLRQ´ZLOOEHGLVSOD\HG
3UHVV>2.@WRFRQILUPWKHVHWWLQJV
3UHVV>
*8,'(@WRGLVSOD\WKH*XLGHPHQX
3UHVV>S@>T@WRVHOHFW³&RS\´DQGSUHVV>2.@
3UHVV >S@>T@WRVHOHFW³)URP'9'WR+''´DQG
SUHVV>2.@
3UHVV>X@DQG>2.@WRH[LWWKH*&RGH
VHWWLQJ Š PHQX
3UHVV>67$1'%<21@WRWXUQWKHUHFRUGHURII
WRDFWLYDWH7LPHU5HFRUGIXQFWLRQ
3UHVV> 23(1&/26(@WRRSHQWKHGLVFWUD\DQG
LQVHUWWKH'9'GLVF3UHVVWKHEXWWRQDJDLQWR
FORVHWKHWUD\
&RS\ )URP +'' WR '9'
3UHVV>
3UHVV>S@>T@>W@>X@WRVHOHFWWKHILOHWRFRS\DQG
SUHVV>2.@
*8,'(@WRGLVSOD\WKH*XLGHPHQX
3UHVV>S@>T@WRVHOHFW³&RS\´DQGSUHVV
>2.@
:KHQFRPSOHWHJRWR³(;,7´DQGSUHVV>2.@
1RWH
1RWH
<RXFDQRQO\FRS\SLFWXUHILOHVLQ-3(*RU%03IRUPDWVDXGLR
ILOHVLQ03IRUPDWDQGUHFRUGHGYLGHRWLWOHV
<RXFDQRQO\FRS\SLFWXUHILOHVLQ-3(*RU%03IRUPDWVDXGLR
ILOHVLQ03IRUPDWDQGUHFRUGHGYLGHRWLWOHV
5(&25',1*
%HIRUHUHFRUGLQJ
&DXWLRQV
7RVWRSUHFRUGLQJ
:KHQ\RXSUHVV> 6723@LWPD\WDNHDIHZPRPHQWVIRU
UHFRUGLQJWRVWRSDQGWKHVHVVLRQWRFORVH
7KLV'9'UHFRUGHUUHFRUGVRQERWK'9'55:GLVFVDQG
WKHEXLOWLQ+''
3OHDVHXVHUHFRPPHQGHGUHFRUGDEOH'9'55:GLVFVWR
HQVXUHWKHEHVWUHFRUGLQJTXDOLW\
'9'5LVDZULWHRQFH'9'GLVF
'9'5:LVDUHZULWDEOH'9'GLVF
<RXFDQQRWDGGQHZUHFRUGLQJWR'9'5GLVFVDIWHUWKH
GLVFLVILQDOL]HG
,QVRPHFDVHV\RXPD\QRWEHDEOHWRDGGQHZUHFRUGLQJ
WRWKHUHFRUGDEOH'9'GLVFVWKDWFRQWDLQFRQWHQWVZULWWHQ
RQRWKHU'9'UHFRUGHUV
7RSDXVHUHFRUGLQJ
3UHVV> 3$86(@WRSDXVHUHFRUGLQJDQGSUHVV>
3$86(@DJDLQWRUHVXPHUHFRUGLQJ
5HFRUGLQJ WHOHYLVLRQ SURJUDPV
3UHVV>67$1'%<21@WRWXUQWKHXQLWRQ
3UHVVWKH>+'''9'@EXWWRQWRVHWWKHWDUJHW
GHYLFHDV³+''´RU³'9'´
,I³'9'´LVVHOHFWHGDVWKHWDUJHWGHYLFHSUHVV> 23(1
&/26(@WRRSHQWKHGLVFWUD\DQGLQVHUWDUHFRUGDEOH'9'GLVF
3UHVVWKHEXWWRQDJDLQWRFORVHWKHWUD\
:KHQ\RXLQVHUWDQHZUHFRUGDEOH'9'GLVFWKH'9'UHFRUGHU
DXWRPDWLFDOO\VWDUWVWKHGLVFSUHSDUDWLRQSURFHVV
7RFKDQJHWKHUHFRUGLQJPRGHEHIRUHUHFRUGLQJ
3UHVV>6<67(00(18@EXWWRQ
3UHVV>6285&(@DQGSUHVV>S@>T@WRVHOHFW³79´
DVWKHVLJQDOLQSXWVRXUFH
3UHVV>&+@>&+@RUSUHVV>S@>T@WRVHOHFW
WKH79FKDQQHO\RXZDQWWRUHFRUG
1RWHV
<RXFDQDOVRXVHWKHQXPEHUHGEXWWRQVWRVHOHFWDFKDQQHO
3UHVV>5(&25'@WRVWDUWUHFRUGLQJ
:KHQUHFRUGLQJLVFRPSOHWHGLWPD\WDNHDIHZ
PRPHQWVIRUWKHVHVVLRQWRFORVH
7RFKDQJHWKH79$XGLRVHWWLQJEHIRUHUHFRUGLQJ
3UHVV>6(783@EXWWRQ
1RWHV
7KHQHZVHWWLQJFDQ
WFKDQJHWKHFXUUHQWUHFRUGLQJPRGHEXWZLOO
EHDFWLYDWHGGXULQJWKHQH[WUHFRUGLQJVHVVLRQ
7RFKHFNWKHGLVFVWDWXVZKLOHUHFRUGLQJ
3UHVV>',63/$<@WKHUHFRUGLQJLQIRUPDWLRQDSSHDUV
5HFRUGLQJFRQWLQXHVXQWLO\RXVWRSWKHUHFRUGLQJRUZKHQWKH
'9'GLVFRUWKH+''LVIXOO
5(&25',1*
$GGLQJQHZUHFRUGLQJV
$GGLQJQHZUHFRUGLQJVDIWHURWKHUUHFRUGLQJ
VHVVLRQV
3UHVV>5(&25'@WRVWDUWUHFRUGLQJDQGSUHVV
> 6723@DWWKHSRLQW\RXZDQWWRVWRS
3OD\EDFNWKHODVWUHFRUGHGWLWOHRQ+''RQO\
3UHVV>X3/$<@RU> *8,'(@WRVWDUWWKH
SOD\EDFNRIWKHODVWUHFRUGHGWLWOH
7KLVIXQFWLRQLVRQO\DYDLODEOHZKHQWKHGHVLUHGWLWOHUHVLGHVRQ
WKH +''
8VLQJ>X3/$<@
3UHVV>X3/$<@DQGWKHODVWUHFRUGHGWLWOHZLOO
VWDUWSOD\EDFN
8VLQJ>
3UHVV>
LFRQ
*8,'(@
*8,'(@DQGVHOHFWWKH³3/$<%$&.´
&RQILUPWKDWWKHSOD\EDFNGHYLFHLV+''
1RWH
(DFKQHZUHFRUGLQJVHVVLRQLVSODFHGDIWHUWKHSUHYLRXVVHVVLRQ
XQOHVVDFHUWDLQUHFRUGLQJWLWOHLVVHWWREHRYHUZULWWHQ
5HIHUHQFHWKH³2YHUZULWH´IXQFWLRQLQWKH³(GLWLQJ´VHFWLRQIRU
DGGLWLRQDOGHWDLOV
3UHVV>S@>T@WRJRWRWKH³/DVW5HFRUG´LFRQ
DQGSUHVV>2.@7KHSOD\EDFNZLOOVWDUW
&KDQJH&KDSWHU,QWHUYDOV
&UHDWLQJFKDSWHUVZKLOHUHFRUGLQJ
7KH'9'UHFRUGHUFDQDXWRPDWLFDOO\GLYLGHDVHVVLRQLQWR
FKDSWHUVE\LQVHUWLQJFKDSWHUPDUNVDWPLQXWH
LQWHUYDOGXULQJWKHUHFRUGLQJSURFHVV
3UHVV>6<67(00(18@WRGLVSOD\WKHV\VWHP
PHQX
3UHVV>S@>T@WRVHOHFWWKH³5(&25'´DQGSUHVV
>X@
3UHVV>S@>T@WRVHOHFW³&+$37(50$5.´WRVHW
XSWKHLQWHUYDOWLPH
3UHVV>6<67(00(18@WRH[LWWKHV\VWHPPHQX
1RWHV
,IDSRZHUIDLOXUHRFFXUVWKHSURJUDP\RXDUHUHFRUGLQJ
PD\EHORVW
%HIRUH\RXVWDUWSOHDVHFKHFNWKDWWKH'9'GLVFRUKDUG
GLVNKDVHQRXJKDYDLODEOHVSDFHIRUWKHUHFRUGLQJ
<RXFDQQRWFKDQJHWKHUHFRUGLQJPRGHGXULQJUHFRUGLQJ
%HIRUHSOD\LQJD'9'5GLVFRQDQRWKHUSOD\HU\RXILUVW
QHHGWR ILQDOL]H WKHGLVF
1RWHV
'XULQJUHFRUGLQJSUHVV>(',7@WRDGGFKDSWHUPDUNVLQWKH
UHFRUGHGVHVVLRQPDQXDOO\
<RXFDQDOVRVWDUWUHFRUGLQJXVLQJWKH³*XLGH0HQX´
3UHVV> *8,'(@VHOHFW³5(&25'´DQGSUHVV>2.@
)ROORZWKHVWHSVWRVHWWKHUHFRUGLQJPRGH
%HIRUH\RXVWDUWSOHDVHHQVXUHWKDWWKH'9'GLVFRUKDUG
GLVNKDVHQRXJKDYDLODEOHVSDFHIRUWKHUHFRUGLQJVHVVLRQ
<RXFDQQRWFKDQJHWKHFKDQQHORUUHFRUGLQJPRGHGXULQJ
UHFRUGLQJ
5(&25',1*
5HFRUGLQJIURPD9&5RU&DPFRUGHU
%HIRUHVWDUWLQJWRUHFRUG
7KLV'9'UHFRUGHUFDQDFFHSWVWDQGDUG&9%65&$DQDORJ
DXGLRYLGHRFDEOHRU,(((FDEOHDQGUHFRUG&DPFRUGHU
RQWR'9'LQWKHGLJLWDOYLGHRIRUPDWRI\RXUFKRLFH7KHXQLW
IXQFWLRQVPXFKOLNHDGLJLWDO9&5([DPSOHVRIXVHLQFOXGH
DUFKLYLQJYLGHRWDSHVRUWUDQVIHUULQJIURPD9LGHR&DVVHWWH
5HFRUGHURU&DPFRUGHUWRDUHFRUGDEOH'9'GLVFRUKDUGGLVN
GULYH7KLV'9'UHFRUGHUDOORZVEDVLF'9FRQWUROZLWKWKH'9'
5HFRUGHU¶VUHPRWHFRQWUROZKHQFRQQHFWHGYLDWKH'9/LQN
7RVWDUWUHFRUGLQJ
3UHVVWKH>+'''9'@EXWWRQWRVHWWKHWDUJHW
GHYLFHIRUWKHUHFRUGLQJ
3UHVV>6285&(@WRVHOHFWWKHVLJQDOLQSXW79
$9)URQW$95HDU69LGHR'9
7KHIURQWSDQHODQGUHDUSDQHOFRQQHFWLRQ
&RQQHFWD9LGHR&DVVHWWH5HFRUGHURU&DPFRUGHUWRWKHXQLW¶V
LQSXWWHUPLQDOV
6WDUWWRSOD\RQWKH9&5RU&DPFRUGHU
3UHVV>5(&25'@WRFDSWXUH\RXUYLGHRDXGLR
VLJQDOIURPWKH9&5RU&DPFRUGHURQWRDUHFRUGDEOH
'9'GLVFRUKDUGGLVN
3UHVV> 6723@WRVWRSUHFRUGLQJ
7RSDXVHUHFRUGLQJ
3UHVV>
3$86(@WRSDXVHUHFRUGLQJ,I\RXZDQWWRUHVWDUW
UHFRUGLQJSUHVVWKH>
3$86(@EXWWRQWRUHVXPHUHFRUGLQJ
5(&25',1*
2QHWRXFKUHFRUGLQJ
8VH³2QHWRXFKUHFRUGLQJ´WRVWDUWUHFRUGLQJLPPHGLDWHO\LQ
PLQXWHEORFNV3UHVV>5(&25'@WZLFHWRVWDUWDPLQXWH
UHFRUGLQJVHVVLRQ3UHVV>5(&25'@UHSHDWHGO\WRUHFRUGORQJHU
WLPHGUHFRUGLQJVXSWRKRXUVLQWKLUW\PLQXWHLQFUHPHQWV
3UHVVLQJ>5(&25'@ZKHQWKHWLPHGUHFRUGLQJH[FHHGVWKH
KRXUFRQVWUDLQWDXWRPDWLFDOO\VHWV³RQHWRXFKUHFRUGLQJ´RII)RU
UHFRUGLQJRQ'9'GLVFVWKHOHQJWKRIUHFRUGLQJGHSHQGVRQWKH
FXUUHQWUHFRUGLQJPRGHVSHHGDQGWKHDPRXQWRIWLPHDYDLODEOH
RQWKHGLVF)RUUHFRUGLQJRQWKHEXLOWLQ+''WKHOHQJWKRI
UHFRUGLQJLVKRXUVPD[LPXP
'9UHFRUGLQJ
%HIRUH\RXVWDUWWRUHFRUG'9FRQWHQWV
3UHVV>S@>T@WRVHOHFW+''RU'9'DQGSUHVV
>2.@
7KLV'9'UHFRUGHUDOORZVEDVLF'9FRQWUROIXQFWLRQVZLWKWKH
UHPRWHFRQWURO7KH'9'UHFRUGHULVHTXLSSHGZLWKDFDPFRUGHU
FRQWURO3OD\6WRS))RU5(:IHDWXUHYLDWKH'9/LQN
FRQQHFWLRQ6LPSO\PRYHWKHVFUHHQFXUVRUWRWKHGHVLUHG
IXQFWLRQRQWKH'9LQSXWVFUHHQDQGSUHVV>2.@RQWKHUHPRWH
FRQWURO
8VH³*XLGH0HQX´WRUHFRUG'9VLJQDO
3RZHURQ\RXU79DQGWKLV'9'UHFRUGHU
3UHVV>S@>T@WRVHWWKHUHFRUGLQJTXDOLW\DQG
SUHVV>2.@WRFRQILUP
&RQQHFWWKH'9FDEOH,(((SLQWRSLQ
FDEOHWRERWKWKH'9&DPFRUGHUDQGWKH'9'
5HFRUGHU
3UHVV>2.@WRVWDUWUHFRUGLQJ
3RZHURQWKH'9&DPFRUGHU6WDUW³3OD\EDFN
PRGH´RQWKH'9&DPFRUGHU
³3DXVH´WKH'9&DPFRUGHUDWZKHUH\RXZDQWWR
UHFRUG
1RWHV
7KLV'9'5HFRUGHUZLOOVWD\LQ³3DXVH´PRGHZKHQQR'9LQSXW
VLJQDOLVGHWHFWHG
3UHVV> *8,'(@RQWKHUHPRWHFRQWURO
7KLVDFWLYDWHVWKH*XLGHPHQX
7RSDXVHUHFRUGLQJ
3UHVV>S@>T@WRVHOHFWWKH³5(&25'´LFRQDQG
SUHVV>2.@WRVWDUWUHFRUGLQJ
3UHVV>
3$86(@RQWKHUHPRWHFRQWUROWRSDXVHUHFRUGLQJ
3UHVV>
3$86(@DJDLQLI\RXZDQWWRUHVXPHUHFRUGLQJ
7RVWRSUHFRUGLQJ
3UHVV>
3UHVV>S@>T@WRVHOHFW³'9´DQGSUHVV>2.@WR
FRQILUP
@WRVWRSUHFRUGLQJ
1RWH
%HIRUHSOD\LQJD'9'5GLVFRQDQRWKHUSOD\HU\RXZLOOILUVW
QHHGWR ILQDOL]HWKHGLVF5HIHUHQFHWKH³ILQDOL]H´IXQFWLRQLQWKH
³'LVF7RROV´VHFWLRQIRUDGGLWLRQDOLQIRUPDWLRQ
5(&25',1*
'9FRQWURO
'95HFRUGLQJ&RQ¶ W
%HIRUH\RXVWDUWWRUHFRUG'9FRQWHQWV
7KLVXQLWDOORZVEDVLF'9FRQWURORQVFUHHQ7KHRQVFUHHQ
IXQFWLRQVDUHDFFHVVHGXVLQJWKH'9'UHFRUGHUUHPRWHFRQWURO
$IWHUUHFRUGLQJLVVWRSSHGD'9FRQWUROEDUZLOODSSHDURQWKH
VFUHHQ7KLVDOORZVEDVLF'9FRQWUROXWLOL]LQJWKLV'9'
UHFRUGHU¶ VUHPRWHFRQWURO
3RZHURQ\RXU79DQGWKLV'9'UHFRUGHU
3UHVVWKH>+'''9'@EXWWRQWRVHWWKHWDUJHW
GHYLFHIRUWKHUHFRUGLQJ
,I³ '9'´ LVVHWDVWKHWDUJHWGHYLFHSUHVV> 23(1&/26(@WR
RSHQWKHGLVFWUD\DQGLQVHUWDUHFRUGDEOH'9'GLVFZLWKWKH
ODEHOVLGHIDFLQJXS
&RQQHFWWKH'9&DEOH,(((SLQWRSLQ
FDEOHWRERWKWKH'9&DPFRUGHUDQGWKLV'9'
UHFRUGHU
3RZHURQWKH'9&DPFRUGHU6HW³3OD\EDFN
PRGH´RQWKH'9&DPFRUGHU
³3DXVH´WKH'9&DPFRUGHUDWZKHUH\RXZDQWWR
UHFRUG
3UHVV>6285&(@WRFKDQJHWKHVLJQDO,QSXW
VRXUFHDQGVHOHFW³'9´
3UHVV>W@>X@WRVHOHFW
WKH'9&DPFRUGHU
WRIDVWIRUZDUG
3UHVV>W@>X@WRVHOHFW
&DPFRUGHU
WRUHZLQGWKH'9
3UHVV>W@>X@WRVHOHFW WRVWRSWKH'9
&DPFRUGHUSOD\LQJ
3UHVV>W@>X@WRVHOHFW WRVWDUWWKH'9
&DPFRUGHUSOD\LQJ
3UHVV>W@>X@WRVHOHFW WRSDXVHWKH'9
&DPFRUGHUSOD\LQJ
5HVXPH'9&DPFRUGHUSOD\EDFNDQGSUHVV
>5(&25'@RQWKH'9'5HFRUGHUWRVWDUW
UHFRUGLQJ
1RWHV
7KH'9/LQNLQSXWMDFNRQWKLVXQLWLVIRUXVHZLWK'9
FRPSDWLEOHFDPFRUGHUVRQO\
2QO\'9VLJQDOVFDQEHLQSXWWRWKH'9/LQNMDFNRQWKLV
'9' UHFRUGHU
'RQRWFRQQHFWD0,&5209IRUPDWYLGHRFDPFRUGHUWR
WKLV'9/LQN,(((MDFN
7RSDXVHUHFRUGLQJ
3UHVV>
3$86(@RQWKHUHPRWHFRQWUROWRSDXVHUHFRUGLQJ
3UHVV>
3$86(@DJDLQLI\RXZDQWWRUHVXPHUHFRUGLQJ
7RVWRSUHFRUGLQJ
3UHVV>
@WRVWRSUHFRUGLQJ
7,0(5 5(&25'
3ULRUWRWLPHUUHFRUG
3OHDVHHQVXUHWKDWWKHUHFRUGDEOH'9'GLVFRUWKH+''KDV
HQRXJKDYDLODEOHVSDFHIRUWKH7LPHU5HFRUGIXQFWLRQ%HIRUH
\RXVWDUWWRUHFRUGIROORZWKHVWHSVWRVHWWKHGDWHWLPH
SLFWXUHTXDOLW\DQGFKDQQHORIWKHSURJUDPRULQSXWVRXUFH
PDQXDOO\<RXFDQVHWXSLQGLYLGXDOVHVVLRQVLQWKH7LPHU
5HFRUGLQJIXQFWLRQ
3UHVV>W@>X@>S@>T@WRVHOHFWWKH³5HSHDW
RQFHGDLO\RUZHHNO\´DQGWKHQSUHVV>2.@
WREULQJXSWKHOLVW
,I\RXVHOHFW³ 2QFH´ \RXQHHGWRVHWWKHGDWH0RYHWKHFXUVRU
WRKLJKOLJKW³ GDWH´ DQGSUHVV>2.@8VHWKHQXPEHUHGEXWWRQV
aRU>S@>T@>W@>X@WRHQWHUWKHGDWH
6HWWLQJ WKH WLPHU
3UHVV>67$1'%<21@WRWXUQWKHXQLWRQ
3UHVV>7,0(5@WRGLVSOD\WKH³7LPHU5HFRUG´
PHQX
,I\RXVHOHFW³ GDLO\´ \RXGRQRWQHHGWRVHWWKHGDWHVLQFHWKH
7LPHU5HFRUGLVVHWIRUHDFKGD\XQWLOLWLVFDQFHOOHGRUWKH
PHGLDLVIXOO
3UHVV>S@>T@WRVHOHFWDQLWHPIURPWKHWLPHU
VHWWLQJOLVWDQGSUHVV>2.@WRDFWLYDWHWKHV\VWHP
VHWXSPHQXIRUWKH7LPHU5HFRUGIXQFWLRQ
,I\RXVHOHFW³ ZHHNO\´ DZHHNO\FDOHQGHUZLOOGLVSOD\RQWKH
VFUHHQIRU\RXWRVHOHFWWKHGD\3UHVV>S@>T@>W@>X@WRPRYH
WKHFXUVRUWRKLJKOLJKWWKHGHVLUHGGD\DQGSUHVV>2.@WRPDNH
\RXUVHOHFWLRQ:KHQFRPSOHWHGPRYHWKHFXUVRUWR³ (;,7´ DQG
SUHVV>2.@WRVDYHWKHGHVLUHGVHWWLQJ
3UHVV>W@>X@>S@>T@WRVHOHFWWKH³6RXUFH
6LJQDO6RXUFH´DQGWKHQSUHVV>2.@WR
EULQJXSWKHOLVW
3UHVV>S@>T@>W@>X@DQG>2.@WRPDNH\RXUVHOHFWLRQ
3UHVV>W@>X@>S@>T@WRVHOHFWWKH³&KDQQHO79
&KDQQHO´DQGWKHQSUHVV>2.@WREULQJXS
WKHOLVW7KLVVWHSRQO\DSSOLHVZKHQWKH³79´LV
VHOHFWHGDVWKHVRXUFH
3UHVV>S@>T@>W@>X@DQG>2.@WRPDNH\RXUVHOHFWLRQ
3UHVV>W@>X@>S@>T@WRVHOHFWWKH³+'''9'´
DQGWKHQSUHVV>2.@WREULQJXSWKHOLVW
3UHVV>S@>T@>W@>X@DQG>2.@WRPDNH\RXUVHOHFWLRQ
,I³ '9'´ LVVHWDVWKHWDUJHWGHYLFHSUHVV> 23(1&/26(@WR
RSHQWKHGLVFWUD\DQGLQVHUWDUHFRUGDEOH'9'GLVF
1RWHV
,IWKHPRGHLVVHWDV³ GDLO\´ RU³ ZHHNO\´ SUHVV>W@>X@>S@>T@
WRPRYHWKHKLJKOLJKWHGFXUVRUWRWKH³ DGYDQFHG´ LFRQDQGSUHVV
>2.@<RXFDQFKRRVHWRDSSO\WKHVHWWLQJ³ ZLWKRXWUHVWULFWLRQ´ RU
³ ZLWKUHVWULFWLRQ´ :KHQ³ ZLWKUHVWULFWLRQ´ LVVHOHFWHGHQWHUWKH
³ 67$57´ GDWHDQG³ (1'´ GDWHWRVHWWKHSHULRGRIWLPHIRUD
YDOLGVHWWLQJ0RYHWKHKLJKOLJKWHGFXUVRUWR³ 2.´ DQGSUHVV>2.@
WRFRQILUPWKHVHWWLQJRUWR³ &$1&(/´ DQGSUHVV>2.@IRU
UHVHWWLQJ
3UHVV>W@>X@>S@>T@WRVHOHFWWKH³4XDOLW\
5HFRUGLQJ4XDOLW\´DQGWKHQSUHVV>2.@WR
EULQJXSWKHOLVW
3UHVV>S@>T@>W@>X@DQG>2.@WRPDNH\RXUVHOHFWLRQ
7,0(5 5(&25'
3UHVV>W@>X@>S@>T@WRVHOHFWWKH³6WDUW6WDUW
7LPH´DQGWKHQSUHVV>2.@
8VHWKHQXPEHUHGEXWWRQVaRUSUHVV>S@>T@>W@>X@WR
HQWHUWKHVWDUWWLPH
7RFKHFNWKHUHFRUGLQJVWDWXVZKLOH7LPHU5HFRUGLV
DFWLYH
3UHVV>',63/$<@DQGWKH7LPHU5HFRUGLQIRUPDWLRQDSSHDUVRQ
VFUHHQ
1RWHV
:KHQWKH7LPHU5HFRUGIXQFWLRQLVDFWLYHWKH³ 7LPHU
/('´ RQWKH'9'5HFRUGHUIURQWSDQHOZLOOLOOXPLQDWH
7KH'9'UHFRUGHUPXVWEHWXUQHGRIIWRDFWLYDWHWKH7LPHU
5HFRUGIXQFWLRQ
3UHVV>W@>X@>S@>T@WRVHOHFW³(QG(QG7LPH´
DQGWKHQSUHVV>2.@
7LPHU 5HFRUG XVLQJ WKH *&RGHŠ V\VWHP
8VHWKHQXPEHUHGEXWWRQVaRUSUHVV>S@>T@>W@>X@WR
HQWHUWKHHQGWLPH
3UHVV>67$1'%<21@WRWXUQWKHXQLWRQ
3UHVV>7,0(5@WRGLVSOD\WKH³7LPHU5HFRUG´
PHQX
,I\RXHQWHUDZURQJVHOHFWLRQ
3UHVV>W@>X@WRUHVHOHFWWKHLWHP\RXZDQWWRFKDQJH
,I\RXVHOHFW³79´LQVWHSSUHVV>W@>X@>S@>T@
WRVHOHFW³6281'79$8',2´DQGWKHQSUHVV
>2.@WREULQJXSWKHOLVW
3UHVV>S@>T@>W@>X@DQG>2.@WRPDNH\RXUVHOHFWLRQ
3UHVV>S@>T@WRVHOHFW³2.´WRVDYHWKHVHWWLQJ
IRUWKHWLPHUUHFRUGLWHPDQGJREDFNWRWKH
7LPHU5HFRUGOLVW
3UHVV>S@>T@WRVHOHFWDQLWHPIURPWKHWLPHU
VHWWLQJOLVWDQGSUHVV>2.@WRDFWLYDWHWKHVHWXS
PHQXIRUWKH7LPHU5HFRUGIXQFWLRQ
3UHVV>W@>X@>S@>T@WRVHOHFWWKH³*&RGH´
EXWWRQDQGWKHQSUHVV>2.@WREULQJXSVHWXSPHQX
2USUHVV>*&RGH@WREULQJXSWKH*&RGHPHQX
3UHVV>S@>T@>W@>X@WR>5(6(7@LI\RXZDQWWRUHVHWWKHWLPHU
UHFRUGLWHP
3UHVV>S@>T@WRJRWRDQRWKHULWHPRQWKHOLVW
DQGSUHVV>2.@LI\RXZDQWWRVHWXSIRUPRUH
7LPHU5HFRUGSURJUDPV
,IQRWPRYHWRWKH³ (;,7´ LFRQDQGSUHVV>2.@WRH[LWWKH7LPHU
5HFRUG/LVW
3UHVV>W@>X@>S@>T@WRVHOHFW³5HSHDWRQFH
GDLO\RUZHHNO\´DQGWKHQSUHVV>2.@WREULQJXS
WKHOLVW
3UHVV>S@>T@>W@>X@DQG>2.@WRPDNH\RXUVHOHFWLRQ
3UHVV>W@>X@>S@>T@WRVHOHFWWKH³*&RGH´
EXWWRQDQGWKHQSUHVV>2.@WRHQWHUWKHQXPEHU
3UHVV>67$1'%<21@WRWXUQRIIWKHXQLWDQG
DFWLYDWHWKH³7LPHU5HFRUG´IXQFWLRQ
7RVWRSUHFRUGLQJGXULQJ7LPHU5HFRUG
:KHQ\RXSUHVV>
UHFRUGWRVWRS
8VHWKHQXPEHUHGEXWWRQVaRU>S@>T@>W@>X@WRHQWHUWKH
*&RGHSURJUDPPLQJQXPEHU
6723@LWPD\WDNHDIHZVHFRQGVIRUWKH
7,0(5 5(&25'
3UHVV>W@>X@>S@>T@WRVHOHFW³+'''9'´DQG
WKHQSUHVV>2.@WREULQJXSWKHOLVW
3UHVV>S@DQG>2.@WRPDNH\RXUVHOHFWLRQ
,I³ '9'´ LVVHWDVWKHWDUJHWGHYLFHSUHVV> 23(1&/26(@WR
RSHQWKHGLVFWUD\DQGLQVHUWDUHFRUGDEOH'9'GLVF
3UHVV>W@>X@>S@>T@WRVHOHFW³4XDOLW\
5HFRUGLQJ4XDOLW\´DQGWKHQSUHVV>2.@WR
EULQJXSWKHOLVW
3UHVV>S@DQG>2.@WRPDNH\RXUVHOHFWLRQ
3UHVV>W@>X@WRUHVHOHFWWKHLWHP\RXZDQWWRFKDQJH
3UHVV>W@>X@>S@>T@WRVHOHFW³6281'79
$8',2´DQGWKHQSUHVV>2.@WREULQJXSWKHOLVW
3UHVV>S@>T@>W@>X@DQG>2.@WRPDNH\RXUVHOHFWLRQ
3UHVV>S@>T@WRVHOHFW³2.´WRVDYHWKHVHWWLQJ
IRUWKHWLPHUUHFRUGLWHPDQGJREDFNWRWKH
7LPHU5HFRUGOLVW
3UHVV>S@>T@WRJRWRDQRWKHULWHPRQWKHOLVW
DQGSUHVV>2.@LI\RXZDQWWRVHWXSIRUPRUH
7LPHU5HFRUGSURJUDPV
,IQRWPRYHWRWKH³ (;,7´ LFRQDQGSUHVV>2.@WRH[LWWKH7LPHU
5HFRUG/LVW
3UHVV>67$1'%<21@WRWXUQRIIWKHXQLWDQG
DFWLYDWHWKH³7LPHU5HFRUG´IXQFWLRQ
1RWHV
,I\RXZDQWWRJREDFNWRWKHQRUPDO7LPHU5HFRUGPHQX
PRYHWRWKH³ 'DWH7LPH6HWWLQJ´ LFRQDQGSUHVV>2.@
7KH'9'UHFRUGHUPXVWEHWXUQHGRIIWRDFWLYDWHWKH7LPHU
5HFRUGIXQFWLRQ
)/(; 7,0(
7KH³)OH[7LPH´IHDWXUHDOORZV\RXWR³3DXVH/LYH79´DQG
UHVXPHYLHZLQJDWWKHSRLQWRILQWHUUXSWLRQDW\RXUOHLVXUH
5HFRUGDQG3OD\
1RWH ³3DXVH/LYH79´LVFRQVWUDLQHGZLWKLQKRXUV
)ROORZWKHVWHSVEHORZWRVWDUWSOD\EDFNRIWKHUHFRUGHGSURJUDP
EHIRUHWKHUHFRUGLQJLVVFKHGXOHGWRHQG
3DXVLQJ/LYH79%URDGFDVW
'XULQJUHFRUGLQJSUHVV>X3/$<@
3OD\EDFNZLOOVWDUWIURPWKHEHJLQQLQJRIWKHUHFRUGHGSURJUDP
3UHVV>67$1'%<21@WRWXUQWKHXQLWRQ
6ZLWFKRQ\RXU79DQGVHWWKHYLGHRLQSXWWRWKLV
UHFRUGHU
3UHVV>&+@>&+@EXWWRQVRQWKHUHFRUGHU¶VUHPRWH
FRQWUROWRVHOHFWWKHGHVLUHGFKDQQHO
6LQFHWKH79¶VYLGHRLQSXWLVVHWWREHWKHUHFRUGHUFKDQQHO
VHOHFWLRQ+$6WREHPDGHZLWKWKHUHFRUGHU¶VUHPRWHFRQWURO
7RWXUQWKHDXGLRYROXPHXSDQGGRZQXVHWKH79¶VUHPRWH
FRQWURO
:KHQ\RXFKRRVHWROHDYH\RXU79DQGPXVW
VWRSZDWFKLQJSUHVV>)/(;7,0(@
3UHVV>
))@>
5(:@WRSHUIRUPIDVW
IRUZDUGRUIDVWUHZLQGVFDQQLQJ
3UHVV> 3$86(@WRSDXVHSOD\EDFN3UHVV>
3$86(@DJDLQLI\RXZDQWWRUHVXPHYLHZLQJ
:KHQ>)/(;7,0(@LVSUHVVHGWKHYLGHREURDGFDVWRQ79LVVHWLQ
SDXVHPRGH7KHVFHQHGLVSOD\HGRQWKH79LVWKHODVWSLFWXUH
VKRZQZKHQ\RXSUHVVWKH>)/(;7,0(@EXWWRQ
3UHVV>
6723@WRVWRSSOD\EDFNYLHZLQJ
&DXWLRQ
:KHQ\RXDUHEDFNLQIURQWRIWKH79DQGUHDG\WR
UHVXPHYLHZLQJSUHVV>X3/$<@DQGWKH
79SURJUDPZLOOEHJLQSOD\LQJVWDUWLQJIURPWKH
LQWHUUXSWHGVFHQH
))@RU>
5(:@WRSHUIRUPIDVW
3UHVV>
IRUZDUGRUIDVWUHZLQGVFDQQLQJWRWKHSRLQWZKHUH
>)/(;7,0(@EHJLQV
3UHVV> 3$86(@WRSDXVHYLHZLQJ3UHVV>
3$86(@DJDLQLI\RXZDQWWRUHVXPHYLHZLQJ
,I\RXSUHVV>6723@DJDLQWKHUHFRUGLQJIXQFWLRQZLOOEHWXUQHGRII
,I\RXZDQWWRVWRSUHFRUGLQJSUHVV> 6723@IRUD
VHFRQGWLPH
1RWH
3UHVV>)/(;7,0(@WRWXUQWKHWLPHVKLIWIXQFWLRQRII
DQGVZLWFKWRYLHZLQJOLYH79EURDGFDVW
3/$<%$&.
'9'9&'69&'YLGHRGLVFSOD\EDFN
%HIRUH\RXEHJLQWRHQMR\WKHGLJLWDOZRUOGRIDXGLRDQGYLGHRRQ'9'VSOHDVHHQVXUHWKDW\RXKDYHPDGHWKHFRUUHFWVHWWLQJVLQWKH
6HWXS PHQXV7KHVHVHWWLQJVVKRXOGFRUUHVSRQGWRWKHFDSDELOLWLHVRI\RXUKRPHV\VWHP+DYLQJPDGHWKHFRUUHFWVHWWLQJV\RXDUH
QRZUHDG\WRXVHWKH'9'UHFRUGHUWRHQMR\'9'V9LGHR&'VDQG&'V
%DVLFSOD\EDFN
3UHVV> 6723@WRVWRSSOD\EDFNDWD
PDUNHGVWRS
7XUQRQWKHWHOHYLVLRQDQGVHOHFWWKHDSSURSULDWHYLGHRLQSXWRQ
WKHWHOHYLVLRQWRVXLWWKHFRQQHFWLRQVIRUWKHSOD\HU
$WDPDUNHGVWRSSUHVV> 3/$<@WRUHVXPHSOD\EDFN
3UHVV> 6723@WZLFHWREULQJWKHSOD\EDFNWRDIXOOVWRS
3UHVV> 3/$<@WRVWDUWSOD\EDFNIURPWKHEHJLQQLQJRIWKH
GLVF
3UHVV>67$1'%<21@WRWXUQRQWKHXQLW
3UHVVWRWXUQWKHXQLWRQRURII
3UHVV>',63/$<@WRGLVSOD\GLVFVWDWXV
GXULQJSOD\EDFN
3UHVV> 23(1&/26(@WRRSHQWKHGLVF
WUD\3ODFHWKHGLVFLQWKHWUD\ODEHOVLGHXS
3UHVV>',6&0(18@WRGLVSOD\WKHWKXPEQDLO
LFRQVPHQXRQWKH79VFUHHQ
3UHVV> 3/$<@WRVWDUWSOD\EDFN
3UHVV> ))@WRSHUIRUPIDVWIRUZDUG
VFDQQLQJ
3UHVV>',6&0(18@WRUHWXUQWRWKH'9'¶VWLWOHRUGLVFURRW
PHQXIRUWKHFXUUHQWWLWOHGXULQJSOD\EDFN
9&'
3UHVVUHSHDWHGO\WRSOD\WKHGLVFIRUZDUGDW[[[RU[
VSHHGV
69&'
3UHVV>a@WKHQXPEHUHGEXWWRQVWRVHOHFWDQLWHPRIWKH
WLWOH PHQX
'9'
3UHVV> 5(:@WRSHUIRUPIDVWUHYHUVH
VFDQQLQJ
3UHVV >S@>T@>W@>X@WRVHOHFWDQLWHPDQGSUHVV
>(17(5@
3UHVVUHSHDWHGO\WRSOD\WKHGLVFUHYHUVHDW[[[[
RU[VSHHGV
3UHVV> 1(;7@WRDGYDQFHWRWKHQH[W
FKDSWHUWUDFN
3UHVVUHSHDWHGO\WRVNLSWRWKHQH[WFKDSWHUGXULQJSOD\EDFN
3UHVV> 35(9,286@WRUHYHUVHWRWKH
SUHYLRXVFKDSWHU
3UHVVUHSHDWHGO\WRUHWXUQWRWKHEHJLQQLQJRISUHYLRXV
FKDSWHUVGXULQJSOD\EDFN
3UHVV>
3$86(67(3@WRSDXVHSOD\EDFN
3UHVV> 3$86(67(3@DJDLQWRVWDUW
³IUDPHE\IUDPHPRGH´
6DPSOH 7KXPEQDLO GLV SOD\
3UHVVUHSHDWHGO\WRDGYDQFH'9'VDQG9LGHR&'VIUDPHE\
IUDPHGXULQJSOD\EDFNLQSDXVHPRGH
3UHVV> 3/$<@WRUHVWDUWQRUPDOSOD\EDFN
3UHVV>%52:6(5@WREURZVHWKHFRQWHQWV
RID'9'GLVFRUWKH+''
3UHVV>+'''9'@WRVHOHFW+''RU2''WR
SOD\EDFNWKHFRQWHQWVVDYHG
3UHVV>3/$</,670(18@WRGLVSOD\WKHWLWOH
PHQXRQWKH79VFUHHQ
3UHVV>S@>T@>W@>X@WRVHOHFWDQLWHPDQGSUHVV>2.@
1RWHV
7KH>3/$</,670(18@EXWWRQRQO\IXQFWLRQVZKLOHWKHXQLWLVLQ
SOD\EDFNPRGH'HSUHVVLQJWKLVEXWWRQGXULQJRWKHURSHUDWLRQV
ZRQ¶WZRUNRQWKLVXQLW
3UHVV>&0VNLS@WRVNLSIRUZDUGVHFRQGV
GXULQJSOD\EDFN
3/$<%$&.
1DYLJDWLRQRSHUDWLRQ
$%
5(3($7
5HSHDWLQJDGHVLUHGSDUW
6HOHFW³3RLQW$´DWWKHEHJLQQLQJRIWKHSDUW\RX
ZDQWWRUHSHDW
6HOHFW³3RLQW%´DWWKHHQGRIWKHSDUW\RXZDQW
WRUHSHDW
7KHXQLWORFDWHV³$´DQGVWDUWVUHSHDWSOD\EDFN
EHWZHHQ³$´DQG³%´
6HOHFW>&DQFHO@7KH$%UHSHDWPRGHWXUQVRII
WKHQQRUPDOSOD\EDFNFRQWLQXHV
68%7,7/(
'XULQJSOD\EDFNWRVHOHFWDVXEWLWOHODQJXDJHIURP
WKRVHDYDLODEOHRQWKHFXUUHQWGLVF
'XULQJSOD\EDFNSUHVV>1DYL@WRGLVSOD\WKH³1DYLJDWLRQ´PHQX
5(3($7
5HSHDWSOD\EDFN0RYHWKHKLJKOLJKWHGFXUVRUWR
³5(3($7´DQGSUHVV>2.@UHSHDWHGO\WRFKRRVH
DUHSHDWRSWLRQ 'HSHQGLQJRQWKHW\SHRI'LVF
\RXPD\FKRRVHWRSOD\WKH7UDFN7LWOHILOHRU
1RWH
'LVFUHSHDWHGO\
)RU'9'WKHUHSHDWRSWLRQVDUH
UHSHDWRQH!UHSHDWRII
)RU9&'DQG69&'WKHUHSHDWRSWLRQVDUH
UHSHDWRQH!UHSHDWDOO!UHSHDWRII
)RU&''$DXGLR&'DQGGDWDGLVFVWKHUHSHDWRSWLRQVDUH
UHSHDWRQHH[FHSWIRU-3(*ILOHV!UHSHDWDOO!
VKXIIOHPRGH!UHSHDWRII
=220
1RWHV
6RPH'9'VLQFOXGHVXEWLWOHVLQGLIIHUHQWODQJXDJHV,I\RXZDQW
WRFKRRVHVXEWLWOHVIROORZWKHVHVWHSV
$8',2
7RVHOHFWDGLIIHUHQWDXGLRODQJXDJHRUVRXQGWUDFN
GXULQJ'9'SOD\EDFN
(QDEOHV]RRPLQRURXWWKHVHOHFWHGYLHZLQJDW
[[[DQG[VSHHG3UHVV>W@>X@>S@>T@
WRPRYHWKHKLJKOLJKWHGFXUVRUWRWKHGHVLUHG
VHOHFWLRQRQWKHRQVFUHHQSDQHODQGSUHVV>2.@
6/2:027,21
(QDEOHVWKHVHOHFWLRQRIDVORZPRWLRQVSHHG
<RXFDQFKRRVHWRSOD\WKH'LVFDW[[
RU[[
6($5&+
,QLWLDWHVWKHVHDUFKFDSDELOLW\IRUORFDWLQJD
GHVLUHGSRVLWLRQLQWKHFXUUHQWWLWOHRUWUDFNWLPH
VHDUFK
3UHVVWKHQXPHULFEXWWRQVWRWRHQWHUWKH
GHVLUHGWLPHRUWLWOH
([DPSOHIRU'9'9,'(2
1RWHV
0XOWLSOHODQJXDJHVRUVRXQGWUDFNVPXVWEHDYDLODEOHRQWKH'9'
$1*/(
7RVHOHFWDGLIIHUHQWFDPHUDDQJOHGXULQJ'9'
SOD\EDFN
.O
7RSOD\EDFNIURP
7,7/(&+$37(5
RU 7,0( +06
([DPSOHIRU69&'9&'
7RSOD\EDFNIURP
7,0( 3UHVV >W@WRFRUUHFWDPLVWDNH
3UHVV >W@UHSHDWHGO\WRPRYHEDFNWRWKHGLJLW
ZKHUH\RXHQWHUHGDZURQJQXPEHUDQGUHHQWHU
WKH FRUUHFW RQH
3UHVV>2.@WRVWDUWSOD\EDFNIURPWKHVSHFLILHG
WLPH
1RWHV
0RYLQJWKHFXUVRUOHIWWKURXJKHDFKPHQXWDNHV\RXWRWKH
SUHYLRXVOHYHO0RYLQJWKHFXUVRUOHIWDWWKHILUVWPHQXVHOHFWLRQ
FORVHVWKHGLDORJER[
1RWHV
7KH0XOWLSOH$QJOHVFDSDELOLW\PXVWEHDYDLODEOHRQWKH'9'
ZLWKLQWKHFXUUHQWWLWOHRUWUDFNIRUSOD\EDFN
,1)250$7,21
7RHQDEOHRUGLVDEOHWKH'9'9&'69&'GLVF
LQIRUPDWLRQ
72(;,71$9,*$7,21
3UHVV>1DYL@DJDLQRUUHSHDWHGO\SUHVV>W@WRH[LW
WKH³1DYL´PHQX2UJRWR³(;,7´DQGSUHVV>2.@
9,'(2 7,7/( 3/$<%$&. %< %52:6(5
7KLVXQLWFDQSOD\YLGHRWLWOHVUHFRUGHGRQWKH+''RUWKH
UHFRUGDEOH'9'GLVF
3OD\LQJ EDFN YLGHR WLWOH
3ODFHDGLVFZLWKUHFRUGHGYLGHRWLWOHVRQWKHWUD\
RUPDNHVXUHWKDWWKHYLGHRWLWOHVDUHVDYHGRQ
WKH+''
1RWH
7KHLQGH[SDJHQXPEHUVVKRZQRQWKHERWWRPRIWKHEURZVH
PHQXYDULHVZLWKWKHQXPEHURIWLWOHVILOHVVDYHGRQWKH+''
'9'GLVFDQGGRQRWDOZD\VIROORZWKHQXPHULFRUGHU7KLVLV
GHVLJQHGIRUHDVLHUDFFHVVWRHDFKSDJHZKHQWKHUHDUHPRUH
WLWOHVILOHVDYDLODEOH
3UHVVWKH>+'''9'@EXWWRQWRVHOHFW+''RU'9'
3UHVVWKH>%52:6(5@EXWWRQDQGWKLVZLOOEULQJ
XSWKHEURZVHUPHQXZLWKWKXPEQDLOV
,I\RXZDQWWRYLHZWKHWH[WPHQXPRYHWKHFXUVRUWRWKH³ 7H[W
9LHZ´ LFRQDQGSUHVV>2.@
,I\RXZDQWWRFKDQJHWKHSOD\EDFNGHYLFHSUHVV>W@>X@WR
PRYHWKHKLJKOLJKWWRWKH³ +''´ LFRQRU³ '9'´ LFRQGHSHQGLQJ
ZKDWWKHVRXUFHLVVHWDVDQGSUHVV>2.@WRFKDQJHWKHVHWWLQJ
3UHVV>W@>X@WRPRYHWKHKLJKOLJKWWRWKH³9LGHR´
LFRQDQGSUHVV>2.@WRYLHZWKHILOHPHQXZLWK
WKXPEQDLOV
,I\RXZDQWWRYLHZWKHWH[WPHQXPRYHWKHKLJKOLJKWWRWKH³ 7H[W
9LHZ´ LFRQDQGSUHVV>2.@
3UHVV>S@>T@>W@>X@WRPRYHWKHKLJKOLJKWWRWKH
ILOH\RXZDQWWRVWDUWSOD\EDFNDQGSUHVV>2.@
3UHVV> 3$86(@WRSDXVHSOD\EDFN
3UHVV> 6723@WRVWRSSOD\EDFNDWDPDUNHGVWRS
3UHVV>
6723@WZLFHWREULQJWKHSOD\EDFNWRDIXOOVWRS
086,& ),/( 3/$<%$&. 3,&785( ),/( 3/$<%$&. %< %52:6(5
7KHXQLWFDQSOD\DQ$XGLR&'-3(*RU03ILOHVRQDGLVFRU
IURPWKH+''
3OD\LQJ EDFN SLFWXUH ILOHV
3OD\LQJ EDFN PXVLF ILOHV
3OD\LQJ EDFN 03 ILOHV
3ODFHD-3(*%03GLVFRQWKHWUD\RUVDYHWKH
-3(*%03ILOHVWRWKH+''-3(*%03ILOHV
UHVLGLQJRQWKH+''FDQEHSOD\HGIURPWKHKDUG
GLVN
3ODFHD03GLVFRQWKHWUD\RUVDYHWKH03ILOHV
WRWKH+''03ILOHVUHVLGLQJRQWKH +''FDQEH
SOD\HGIURPWKHKDUGGLVN
3UHVVWKH>+'''9'@EXWWRQWRVHOHFW+''RU'9'
3UHVVWKH>+'''9'@EXWWRQWRVHOHFW+''RU
'9'
3UHVVWKH>%52:6(5@EXWWRQRQWKHOLVWDQGWKLV
ZLOOEULQJXSWKHEURZVHUPHQXZLWKWKXPEQDLOV
3OD\LQJ EDFN -3(*%03 ILOHV
3UHVVWKH>%52:6(5@EXWWRQRQWKHOLVWDQGWKLV
ZLOOEULQJXSWKHEURZVHUPHQXZLWKWKXPEQDLOV
,I\RXZDQWWRFKDQJHWKHSOD\EDFNGHYLFHSUHVV>W@>X@>S@
>T@WRPRYHWKHKLJKOLJKWHGFXUVRUWRWKH³ +''´ LFRQRU³ '9'´
LFRQGHSHQGLQJZKDWWKHVRXUFHLVVHWDVDQGSUHVV>2.@WR
FKDQJHWKHVHWWLQJ
,I\RXZDQWWRFKDQJHWKHSOD\EDFNGHYLFHSUHVV>W@>X@>S@>T@
WRPRYHWKHKLJKOLJKWHGFXUVRUWRWKH³ +''´ LFRQRU³ '9'´ LFRQ
GHSHQGLQJZKLFKVRXUFH\RXUGHVLUHDQGSUHVV>2.@WRFKDQJH
WKHVHWWLQJ
3UHVV>W@>X@WRPRYHWKHKLJKOLJKWHGFXUVRUWR
WKH³0XVLF´LFRQDQGSUHVV>2.@WRYLHZWKHILOH
PHQXZLWKWKXPEQDLOV
,I\RXZDQWWRYLHZWKHWH[WPHQXPRYHWKHKLJKOLJKWHGFXUVRUWR
WKH³ 7H[W9LHZ´ LFRQDQGSUHVV>2.@
3UHVV>W@>X@WRPRYHWKHKLJKOLJKWHGFXUVRUWR
WKH³3LFWXUHV´LFRQDQGSUHVV>2.@WRYLHZWKHILOH
PHQXZLWKWKXPEQDLOV
,I\RXZDQWWRYLHZWKHWH[WPHQXPRYHWKHKLJKOLJKWHGFXUVRUWR
WKH³ 7H[W9LHZ´ LFRQDQGSUHVV>2.@
3UHVV>S@>T@>W@>X@WRPRYHWKHKLJKOLJKWHG
FXUVRUWRWKHILOH\RXZDQWWRVWDUWSOD\EDFNIURP
DQGSUHVV>2.@
'XULQJSOD\EDFNSUHVV> 1(;7@RU>
35(9,286@WRDGYDQFHWRWKHQH[WRUUHWXUQWR
WKHSUHYLRXVILOH
3UHVV>
3$86(@WRSDXVHSOD\EDFN
3UHVV> 6723@WRVWRSSOD\EDFNDWDPDUNHGVWRS
3UHVV>
6723@WZLFHWREULQJWKHSOD\EDFNWRDIXOOVWRS
1RWHV
,ID03ILOHQDPHLQFOXGHVDQ\E\WHFKDUDFWHUWKHXQLW
PD\QRWGLVSOD\WKHILOHQDPHFRUUHFWO\
7KHXQLWFDQQRWVXSSRUW,'WDJ
7KHXQLWGRHVQRWVXSSRUW033URRU:0$ILOHV
7KHXQLWVXSSRUWVGLVFVUHFRUGHGZLWKPXOWLSOHVHVVLRQV
7KHXQLWFDQRQO\SOD\EDFNSLFWXUHRUWUDFNVZLWKWKHIROORZLQJ
ILOHH[WHQVLRQV-3*RUMSJ%03RUEPSDQG03RUPSHWF
7KHWLPHUHTXLUHGIRUUHDGLQJGLVFFRQWHQWVPD\YDU\IRU
GLIIHUHQWGLVFV7KLVLVGHSHQGHQWXSRQWKHQXPEHUVRIJURXSV
IROGHUVDQGWUDFNVILOHVUHFRUGHGDQGHWF
<RXFDQQRWDGYDQFHRUUHYHUVHSOD\EDFNE\SUHVVLQJ))RU
5(:GXULQJ-3(*03%03GLVFSOD\EDFN
<RXFDQQRWSOD\DXGLRWUDFNE\SUHVVLQJWKHQXPEHUHG
EXWWRQVGXULQJ03GLVFSOD\EDFN
7KLVXQLWVXSSRUWV03ILOHELWUDWHVRINESV aNESV 3UHVV>S@>T@>W@>X@WRPRYHWKHKLJKOLJKWHG
FXUVRUWRWKHILOH\RXZDQWWRVWDUWSOD\EDFNIURP
DQGSUHVV>2.@
'XULQJSOD\EDFNSUHVV>W@>X@WRDGYDQFHWRWKH
QH[WRUUHWXUQWRWKHSUHYLRXVILOH
3UHVV>S@>T@WRVHOHFW³5RWDWH5,*+7´RU³5RWDWH
/()7´DQG³5RWDWH83´RU³5RWDWH'2:1´
3UHVV>
3$86(@WRSDXVHSOD\EDFN
3UHVV> 6723@WRVWRSSOD\EDFNDWDPDUNHGVWRS
3UHVV>
6723@WZLFHWREULQJWKHSOD\EDFNWRDIXOOVWRS
$8',2 &' 3/$<%$&. 3/$<%$&. 3,&785(6 $1' 086,&
$XGLR &' SOD\EDFN
3OD\EDFNZLOOVWDUW
3OD\LQJ $XGLR &'V
'XULQJSOD\EDFNSUHVV>
1(;7@RU>
35(9,286@WRDGYDQFHWRWKHQH[WRUUHWXUQWR
WKHSUHYLRXVPXVLFILOH
3ODFHWKH$XGLR&'RQWKHWUD\
7KHGLVFZLOOEHJLQSOD\EDFNDXWRPDWLFDOO\
3UHVV>
1(;7@RU>
35(9,286@WR
DGYDQFHWRWKHQH[WWUDFNRUUHWXUQWRSUHYLRXV
WUDFN
3UHVV>
3UHVV>W@>X@WRJRWRWKHQH[WRUUHWXUQWRWKH
SUHYLRXV-3(*ILOH
3UHVV>S@>T@WRVHOHFW³5RWDWH5,*+7´RU
³5RWDWH/()7´DQG³5RWDWH83´RU³5RWDWH
'2:1´
3$86(@WRSDXVHSOD\EDFN
3UHVV> 6723@WRVWRSSOD\EDFNDWDPDUNHGVWRS
3UHVV> 3$86(@WRSDXVHWKHSOD\EDFN
3UHVV> 6723@WRVWRSSOD\EDFNDWDPDUNHGVWRS
3UHVV>
3UHVV>
6723@WZLFHWREULQJWKHSOD\EDFNWRDIXOOVWRS
(QWHUWKHQXPEHUHGEXWWRQaWRVHOHFWWKH
GHVLUHGDXGLRWUDFNDQGSUHVV>2.@
%HJLQSOD\LQJIURPDVHOHFWHGWUDFN
6OLGH VKRZ 3LFWXUHVZLWK0XVLF
&RQFXUUHQW SOD\LQJ RI SLFWXUHV DQG PXVLF ILOHV RQ WKH
VDPH GLVF
3ODFHWKHGLVFZLWKWKHDXGLR03DQGWKH
SLFWXUH-3(*%03ILOHVRQWKHWUD\RUPDNHVXUH
WKDWWKHDXGLRDQGSLFWXUHILOHVDUHVDYHGRQWR
WKH+''7KHVDYHGDXGLRDQGPXVLFILOHVFDQEH
SOD\HGIURPWKHKDUGGLVN
3UHVV>
*8,'(@IRUWKH*XLGH0HQX
3UHVV>S@>T@WRJRWRWKH³3/$<%$&.´LFRQDQG
SUHVV>2.@
3UHVV>S@>T@WRVHOHFW+''RU'9'WRSOD\WKH
ILOHVIURPDQGSUHVV>2.@
1RWH
0XVLFDQGSLFWXUHILOHVFDQEHSOD\HGFRQFXUUHQWO\ZKHQWKHVH
ILOHVDUHVDYHGRQWRWKHVDPHGHYLFH
3UHVV>S@>T@WRJRWRWKH³3LFWXUHVZLWKPXVLF´
LFRQDQGSUHVV>2.@
7KHEURZVHUPHQXRISLFWXUHILOHVZLOOEHGLVSOD\HGILUVW
3UHVV>S@>T@>W@>X@WRVHOHFWWKHSLFWXUHILOHWR
VWDUWSOD\EDFNZLWKDQGSUHVV>2.@
7KHEURZVHUPHQXRIDXGLRILOHVZLOOEHGLVSOD\HG
3UHVV>S@>T@>W@>X@WRVHOHFWWKHPXVLFILOHWR
VWDUWSOD\EDFNZLWKDQGSUHVV>2.@
6723@WZLFHWREULQJWKHSOD\EDFNWRDIXOOVWRS
&23<
7KLV'9'UHFRUGHULVHTXLSSHGZLWK³2QH7RXFK&RS\´IHDWXUH
ZKLFKDOORZV\RXWRFRS\UHFRUGHGILOHVIURPWKH+''WR'9'RU
IURP'9'WR+''7KLVIXQFWLRQLVRQO\DSSOLFDEOHWR-3(*%03
03ILOHVDQGUHFRUGHGYLGHRWLWOHV
&RS\LQJIURP'9'WR+''
3UHVV>67$1'%<21@WRWXUQWKHXQLWDQG\RXU79RQ
3UHVV> 23(1&/26(@WRRSHQWKHGLVFWUD\DQG
SODFHWKHGLVFZLWKWKHODEHOVLGHXS
&RS\LQJIURP+''WR'9'
3UHVV>67$1'%<21@WRWXUQWKHXQLWDQG\RXU79RQ
3UHVV> 23(1&/26(@WRRSHQWKHGLVFWUD\DQG
SODFHDUHFRUGDEOH'9'GLVFZLWKWKHODEHOVLGHXS
0DNHVXUHWRLQVHUWDUHFRUGDEOH'9'GLVF
3UHVVWKHEXWWRQDJDLQWRFORVHWKHWUD\
:KHQ\RXLQVHUWDQHZUHFRUGDEOH'9'GLVFWKH'9'UHFRUGHU
DXWRPDWLFDOO\VWDUWVWKHGLVFSUHSDUDWLRQSURFHVV
3UHVVWKH>+'''9'@EXWWRQDQGVHOHFW³+''´
3UHVVWKH>+'''9'@EXWWRQDQGVHOHFW³'9'´
3UHVVWKH>%52:6(5@EXWWRQWREURZVHWKHILOHV
3UHVVWKH>%52:6(5@EXWWRQWREURZVHWKHILOHV
3UHVV>S@>T@>W@>X@WRPRYHWKHKLJKOLJKW
FXUVRUWRWKHILOHWREHFRSLHGDQGSUHVV>&23<@
3UHVV>S@>T@>W@>X@WRPRYHWKHKLJKOLJKWHG
FXUVRUWRWKHILOHWREHFRSLHGDQGSUHVV>&23<@
7KHILOHLVWKHQFRSLHGWRWKH'9'GLVF
7KHILOHLVWKHQFRSLHGWR\RXU+''
1RWH
7UDQVIHU6SHHGIURP+''
EDVHGRQKRXUUHFRUGLQJ
1RWH
7LWOHQDPHFKDSWHUPDUNHUVIRUYLGHRWLWOHVDVZHOODV
WKXPEQDLOSLFWXUHPDUNHUV\RXVHHLQWKHEURZVHUPHQX
DUHDOVRFRSLHG
7KHFKDSWHUPDUNHUVLQWKHFRSLHGYHUVLRQPD\QRWEHLQ
H[DFWWKHVDPHSRVLWLRQVDVWKHRULJLQDOZKHQUHFRUGLQJ
RQD9LGHRPRGHGLVF
<RXFDQ¶WXVHWKH2QH7RXFK&RS\IXQFWLRQWRFRS\DWLWOHLI
DQ\SDUWRIWKHWLWOHLVFRS\RQFHSURWHFWHG
<RXPD\XVHWKLVSURGXFWRQO\WRUHSURGXFHRUFRS\
PDWHULDOVIRUZKLFK\RXRZQWKHFRS\ULJKWRUKDYHZKLFK
REWDLQHGSHUPLVVLRQWRFRS\IURPWKHFRS\ULJKWRZQHURU
IRU\RXRWKHUZLVHKDYHDOHJDOULJKWWRUHSURGXFHRUFRS\
8QOHVV\RXRZQWKHFRS\ULJKWRUKDYHREWDLQHGSHUPLVVLRQ
IURPWKHFRS\ULJKWRZQHURURWKHUZLVHKDYHDOHJDOULJKWWR
UHSURGXFHRUFRS\\RXPD\EHYLRODWLQJWKHODZLQFOXGLQJ
FRS\ULJKWODZDQGPD\EHVXEMHFWWRSD\PHQWRIGDPDJHV
DQGRWKHUUHPHGLHV
5HFRUGLQJ
7UDQVIHU
0RGH
6SHHG
7LPH
+4
;
aPLQXWHV
aPLQXWHV
63
;
633
;
aPLQXWHV
/3
;
aPLQXWHV
(3
;
aPLQXWHV
6/3
;
aPLQXWHV
(',7
%HIRUHVWDUWLQJWRHGLW
7KLVVHFWLRQH[SODLQVWKHEDVLFHGLWLQJIXQFWLRQVRQWKHXQLW
3OHDVHILQLVKDOOWKHHGLWLQJEHIRUHILQDOL]LQJWKHGLVF<RXFDQQRW
HGLWWKHFRQWHQWVRQDILQDOL]HGGLVF
<RXFDQSHUIRUPWKHHGLWLQJIXQFWLRQVRQYLGHRWLWOHVRQO\
%URZVHUPHQX
3UHVV> 67$1'%<@DQGSUHVV>+'''9'@WR
VHOHFWWKHVRXUFH³'9'´RU³+''´WREURZVH
IURP
3UHVVWKH>%52:6(5@EXWWRQWRGLVSOD\WKH
³%52:6(5´PHQX
3UHVV>W@>X@>S@>T@WRVHOHFWWKHWLWOH\RXZDQW
WRHGLWDQGSUHVV>(',7@WRJRWRWKHHGLWVFUHHQ
3URWHFWLQJDWLWOH+''DQG'9'
<RXFDQSURWHFWWKHWLWOHIURPDFFLGHQWDOHUDVXUHRUHGLWLQJZKHQ
\RXDFWLYDWHWKHSURWHFWIXQFWLRQ
:KHQSURWHFWLRQLVWXUQHG³ 21´ WKHWLWOHFDQ¶ WEHHGLWHGRU
HUDVHG
,I\RXGRQHHGWRHGLWLW\RXPXVWILUVWXQORFNWKHILOH
3UHVV>%52:6(5@WRGLVSOD\WKH³%URZVHU´PHQX
3UHVV>W@>X@>S@>T@WRVHOHFWWKHWLWOH\RXZDQW
WRHGLWDQGWKHQSUHVV>(',7@WRJRWRWKHHGLW
VFUHHQ
3UHVV>S@>T@WRVHOHFW³3URWHFWLRQ´DQGWKHQ
SUHVV>2.@
3UHVV>2.@WRVHOHFWWKH³2Q´RU³2II
3UHVV>S@>T@WRVHOHFW³(;,7´DQGWKHQSUHVV
>2.@
1DPLQJ D WLWOH +''DQG'9'
3UHVV>S@>T@WRVHOHFW³5HQDPH´DQGWKHQSUHVV
>2.@
1RWH
<RXFDQ127SURWHFWWKHUHFRUGHGWLWOHVRQD'9'5GLVFLIWKH
GLVFLVILQDOL]HG
2YHUZULWLQJDWLWOH'9'RQO\
3UHVV>+'''9'@WRVHOHFWWKH³'9'´
3UHVVWKH>%52:6(5@EXWWRQWRGLVSOD\WKH
³%URZVH´PHQX
7KHPHQXIRUWKHWLWOHQDPLQJLVGLVSOD\HG
3UHVV>W@>X@>S@>T@WRVHOHFWWKHWLWOH\RXZDQW
WRHGLWDQGWKHQSUHVV>(',7@WRJRWRWKHHGLW
VFUHHQ
3UHVV>S@>T@WRJRWR³2YHUZULWH´DQGWKHQ
SUHVV>2.@WRVHWLWRQRURII
7KH³ 2YHUZULWH´ PRGHLVVHW
3UHVV>S@>T@WRVHOHFWWKH³&OHDU´LFRQDQGWKHQ
SUHVV>2.@EHIRUHVWDUWHQWHULQJWKHQHZWLWOH
3UHVV>W@>X@>S@>T@WRVHOHFW³%DFN´WRGHOHWH
FKDUDFWHUV
8VH>W@>X@>S@>T@DQG>2.@RQWKHUHPRWH
FRQWUROWRVHOHFWGHVLUHGFKDUDFWHUV
:KHQ\RXILQLVKHQWHULQJWKHWLWOHSUHVV>W@>X@
>S@>T@WRVHOHFW³)LQLVK´DQGSUHVV>2.@
1RWHV
3UHVV>S@>T@WRVHOHFW³(;,7´DQGWKHQSUHVV
>2.@
1RWHV
7KH³ RYHUZULWH´ IXQFWLRQLVQRWDSSOLFDEOHWRYLGHRWLWOHVVDYHGRQ
WKH+''RUD'9'5GLVFWKDWLVILQDOL]HG
<RXRQO\FDQHQWHUXSWRFKDUDFWHUVIRUDQDPH<RXFDQQRW
OHDYHWKHWLWOHFROXPQEODQN
(',7
6SOLWWLQJDWLWOH+''DQG'9'5:GLVF
8VHWKLVIXQFWLRQWRGLYLGHDWLWOHLQWRWZRGLVWLQFWVHVVLRQVRQ
HLWKHUDGLVFRUWKH+''
$IWHUVSOLWWHGWKHQHZWLWOHFDQVWLOOEHPHUJHGDJDLQ
3UHVV>%52:6(5@WRGLVSOD\WKH³%URZVHU´
PHQX
3UHVV>W@>X@>S@>T@WRVHOHFWWKHWLWOH\RXZDQW
WRHGLWDQGWKHQSUHVV>(',7@WRJRWRWKHHGLW
VFUHHQ
3UHVV>X3/$<@WRVWDUWWKHWLWOHSOD\EDFNILUVW
1(;7@RU>
35(9,286@WRDGYDQFH
3UHVV>
WRWKHQH[WFKDSWHURUWKHSUHYLRXVFKDSWHU
))@RU>
5(:@WRSHUIRUPIDVW
3UHVV>
IRUZDUGRUIDVWUHZLQGVFDQQLQJ
0RYHWKHKLJKOLJKWHGFXUVRUWR³VSOLW´DQGSUHVV
>2.@IRUFRQILUPDWLRQ
7KHWLWOHLVVSOLWWHGLQWRWZRWLWOHVDWZKHUH\RXSUHVV>2.@GXULQJ
SOD\EDFN
1RWH
,W¶ VQRWSRVVLEOHWRPHUJHDYLGHRWLWOHVDYHGRQD'9'5GLVF
)RUYLGHRWLWOHVVDYHGRQD'9'5:GLVF\RXFDQRQO\
PHUJHWKHWLWOHZLWKLWVSUHYLRXVQH[WWLWOHRQO\
(UDVLQJDWLWOH+''DQG'9'
8VHWKLVIXQFWLRQWRHUDVHDWLWOH
1RWHWKDWRQFHHUDVHGWKHWLWOHVFDQQRWEHUHWULHYHG
3UHVV>%52:6(5@WRGLVSOD\WKH³%URZVHU´PHQX
8VH>W@>X@>S@>T@WRVHOHFWWKHWLWOH\RXZDQWWR
HGLWDQGWKHQSUHVV>(',7@WRJRWRWKHHGLW
VFUHHQ
3UHVV>S@>T@WRVHOHFW³(UDVH´
3UHVV>2.@WRFRQILUP\RXUVHWWLQJ
7KHWLWOHVHOHFWHGLVHUDVHG
:KHQFRPSOHWHWKHEURZVHUPHQXZLOOEHGLVSOD\HG
7RVSOLWPRUHWLWOHV
UHSHDWIURPVWHSWR
2USUHVV>S@>T@WR
VHOHFW³(;,7´DQG
WKHQSUHVV>2.@WRH[LW
WKHVHWWLQJ
1RWH
,W¶ VQRWSRVVLEOHWRVSOLWD
YLGHRWLWOHVDYHGRQD'9'5GLVF
7RHUDVHPRUHWLWOHVUHSHDWIURPVWHSWR2U
SUHVV>S@>T@WRVHOHFW³(;,7´DQGWKHQSUHVV
>2.@WRH[LWWKHVHWWLQJ
1RWH
<RXFDQ127HUDVHUHFRUGHGWLWOHVRQD'9'5GLVFLIWKHGLVF
LVILQDOL]HG
0HUJLQJWZRWLWOHVLQWRRQH+''DQG'9'5:GLVF
8VHWKLVIXQFWLRQWRPHUJHWZRWLWOHVLQWRRQH
$IWHUPHUJHGWKHQHZWLWOHFDQVWLOOEHVSOLWWHGDJDLQ
3UHVV>%52:6(5@WRGLVSOD\WKH³%URZVHU´PHQX
3UHVV>W@>X@>S@>T@WRVHOHFWWKHWLWOH\RXZDQW
WRHGLWDQGWKHQSUHVV>(',7@WRJRWRWKHHGLW
VFUHHQ
3UHVV>S@>T@WRVHOHFW³0HUJH´DQGWKHQSUHVV
>2.@
$PHQXVKRZVDOOWKHWLWOHVDSSOLFDEOHWRWKLVIXQFWLRQZKLFK
DUHWLWOHVZLWKWKHVDPHUHFRUGLQJTXDOLW\DVWKHWLWOHVHOHFWHG
ZLOOGLVSOD\
3UHVV>W@>X@>S@>T@WRVHOHFWWKHWLWOHWRPHUJH
DQGWKHQSUHVV>2.@
6HWWLQJDWLWOHWKXPEQDLO+''DQG'9'
1RUPDOO\WKHILUVWSLFWXUHRIDUHFRUGLQJLVXVHGDVWKHLQGH[
SLFWXUH+RZHYHU\RXFDQFKRRVHDQ\SLFWXUHIURPWKHUHFRUGLQJ
DVWKHLQGH[SLFWXUH
3UHVV>%52:6(5@WRGLVSOD\WKH³%URZVHU´PHQX
8VH>W@>X@>S@>T@WRVHOHFWWKHWLWOH\RXZDQWWR
HGLWDQGWKHQSUHVV>(',7@WRJRWRWKHHGLWVFUHHQ
3UHVV>X3/$<@WRVWDUWWKHWLWOHSOD\EDFNILUVW
1(;7@RU>
35(9,286@WRDGYDQFHWR
3UHVV>
WKHQH[WFKDSWHURUWKHSUHYLRXVFKDSWHU
))@RU>
5(:@WRSHUIRUPIDVW
3UHVV>
IRUZDUGRUIDVWUHZLQGVFDQQLQJ
3UHVVUHSHDWHGO\WRSOD\WKHWLWOHIRUZDUGRUUHYHUVH
7RPHUJHPRUHWLWOHVUHSHDWIURPVWHSWR2U
SUHVV>S@>T@WRVHOHFW³(;,7´DQGWKHQSUHVV
>2.@WRH[LWWKHVHWWLQJ
(',7
3UHVV>S@>T@WRVHOHFW³6HW7KXPEQDLO´
7RLQVHUWFKDSWHUPDUNVLQPRUHWLWOHVUHSHDWIURP
VWHSWR2USUHVV>S@>T@WRVHOHFW³(;,7´
DQGWKHQSUHVV>2.@WRH[LWWKHVHWWLQJ
1RWH
<RXFDQ127LQVHUWFKDSWHUPDUNVWRUHFRUGHGWLWOHVRQD
'9'5GLVFLIWKHGLVFLVILQDOL]HG
(UDVLQJ&KDSWHU0DUN
'XULQJSOD\EDFN\RXFDQVHWDQGHUDVHFKDSWHUPDUNVZLWKLQD
WLWOH
3UHVV>%52:6(5@WRGLVSOD\WKH³%URZVHU´PHQX
3UHVV>2.@WRVHOHFWWKHLPDJHGXULQJSOD\EDFN
DQGVHWLWDVWKHYLGHRWLWOHWKXPEQDLO
3UHVV>W@>X@>S@>T@WRVHOHFWWKHWLWOH\RXZDQW
WRHGLWDQGWKHQSUHVV>(',7@WRJRWRWKHHGLW
VFUHHQ
7RVHWWKXPEQDLOVIRUPRUHWLWOHVUHSHDWIURPVWHS
WR2USUHVV>S@>T@WRVHOHFW³(;,7´DQGWKHQ
SUHVV>2.@WRH[LWWKHVHWWLQJ
1RWH
<RXFDQ127VHWWKHWKXPEQDLOIRUWKHUHFRUGHGWLWOHVRQD
'9'5GLVFLIWKHGLVFLVILQDOL]HG
,QVHUWLQJFKDSWHUPDUN
3UHVV>S@>T@WRVHOHFW³(UDVH&KDSWHU´
'XULQJSOD\EDFN\RXFDQVHWDQGHUDVHFKDSWHUPDUNVZLWKLQD
WLWOH
3UHVV>X3/$<@WRVWDUWWKHWLWOHSOD\EDFNILUVW
1(;7@>
35(9,286@WRDGYDQFHWR
3UHVV>
WKHQH[WFKDSWHURUWKHSUHYLRXVFKDSWHU
))@>
5(:@WRSHUIRUPIDVW
3UHVV>
IRUZDUGRUIDVWUHZLQGVFDQQLQJ
3UHVV>%52:6(5@WRGLVSOD\WKH³%URZVHU´PHQX
3UHVV>W@>X@>S@>T@WRVHOHFWWKHWLWOH\RXZDQW
WRHGLWDQGWKHQSUHVV>(',7@WRJRWRWKHHGLW
VFUHHQ
3UHVVUHSHDWHGO\WRSOD\WKHWLWOHIRUZDUGRUUHYHUVH
'XULQJSOD\EDFN\RXFDQSUHVV>2.@WRHUDVH
WKHFKDSWHUPDUN
7RHUDVHFKDSWHUPDUNVLQPRUHWLWOHVUHSHDWIURP
VWHSWR2USUHVV>S@>T@WRVHOHFW³(;,7´
DQGWKHQSUHVV>2.@WRH[LWWKHVHWWLQJ
3UHVV>S@>T@WRVHOHFW³,QVHUW&KDSWHU0DUN´
1RWH
<RXFDQ127HUDVHWKHFKDSWHUPDUNVZLWKLQUHFRUGHGWLWOHV
RQD'9'5GLVFLIWKHGLVFLVILQDOL]HG
7KLVIXQFWLRQLVQRWDSSOLFDEOHWRILOHVZLWKRXWDQ\FKDSWHU
PDUNV
3UHVV>X3/$<@WRVWDUWWKHWLWOHSOD\EDFNILUVW
1(;7@>
35(9,286@WRDGYDQFHWR
3UHVV>
WKHQH[WFKDSWHURUWKHSUHYLRXVFKDSWHU
))@>
5(:@WRSHUIRUPIDVW
3UHVV>
IRUZDUGRUIDVWUHZLQGVFDQQLQJ
3UHVVUHSHDWHGO\WRSOD\WKHWLWOHIRUZDUGRUUHYHUVH
3UHVV>2.@WRLQVHUWFKDSWHUPDUNVDWZKHUH
\RXZDQWWRGXULQJSOD\EDFN
(',7
+LGLQJ&KDSWHU
'XULQJSOD\EDFN\RXFDQVHWDQGKLGHFKDSWHUVZLWKLQDWLWOH
3UHVV>%52:6(5@WRGLVSOD\WKH³%URZVHU´PHQX
3UHVV>W@>X@>S@>T@WRVHOHFWWKHWLWOH\RXZDQW
WRHGLWDQGWKHQSUHVV>(',7@WRJRWRWKHHGLW
VFUHHQ
3UHVV>S@>T@WRVHOHFW³+LGH&KDSWHU´
3UHVV>X3/$<@WRVWDUWWKHWLWOHSOD\EDFNILUVW
1(;7@>
35(9,286@WRDGYDQFH
3UHVV>
WRWKHQH[WFKDSWHURUWKHSUHYLRXVFKDSWHU
))@>
5(:@WRSHUIRUPIDVW
3UHVV>
IRUZDUGRUIDVWUHZLQGVFDQQLQJ
3UHVVUHSHDWHGO\WRSOD\WKHWLWOHIRUZDUGRUUHYHUVH
'XULQJSOD\EDFN\RXFDQSUHVV>2.@WRKLGHD
FKDSWHU
7RKLGHPRUHVFKDSWHUVUHSHDWIURPVWHSWR
2USUHVV>S@>T@WRVHOHFW³(;,7´DQGWKHQSUHVV
>2.@WRH[LWWKHVHWWLQJ
1RWH
1RWH
<RXFDQ127KLGHFKDSWHUVZLWKLQUHFRUGHGWLWOHVRQD
'9'5GLVFLIWKHGLVFLVILQDOL]HG
7KLVIXQFWLRQLVQRWDSSOLFDEOHWRWLWOHVZLWKRXWFKDSWHUPDUNV
$IWHUSHUIRUPLQJWKLVIXQFWLRQWKHFKDSWHUVZLWKLQWKHWLWOHDUH
KLGGHQRQO\GXULQJSOD\EDFN
,Q(GLWPRGHDKLGGHQFKDSWHULVGLVSOD\HGLQDGDUNHUFRORU
$PHVVDJH³ KLGGHQ´ LVDOVRGLVSOD\HGDWWKHOHIWERWWRPFRUQHURI
WKH 3,3
',6. 722/6
(UDVH
)LQDOL]HPDNHFRPSDWLEOH
%HIRUH\RXEHJLQHUDVLQJDQ\FRQWHQWVIURPD'9'5:GLVFRU
WKH+''SOHDVHHQVXUHWKDWDOOLPSRUWDQWFRQWHQWVDUHVDIHO\
EDFNHGXS$OOFRQWHQWVRQWKHGLVFRU+''ZLOOEHSHUPDQHQWO\
HUDVHG
&$87,216
1RWH
2QO\'9'5:GLVFVDQGWKH+''FDQEHHUDVHGWRFUHDWHD
QHZIRUPDW
)LQDOL]LQJLVQHFHVVDU\ZKHQ\RXZDQWWRSOD\GLVFVUHFRUGHG
ZLWKWKLVXQLWRQRWKHU'9'SOD\HUVRU3&VZLWKD'9'GULYH
2QFHWKHGLVFKDVEHHQILQDOL]HG\RXFDQQRWDGGUHFRUGLQJVWR
LWRUHGLWLW
3UHVV>7RROV@WRGLVSOD\WKH³'LVN7RROV
0HQX´
1RWH
)RU'9'5:GLVFVILQDOL]LQJLV127UHTXLUHG
3UHVV>S@>T@WRVHOHFW³(UDVH´DQGWKHQSUHVV
>2.@
3UHVV>7RROV@WRGLVSOD\WKH³'LVN7RROV0HQX´
)RU'9'5GLVF
3UHVV>S@>T@WRVHOHFWWKH³)LQDOL]H´LFRQDQG
WKHQSUHVV>2.@
7KHILQDOL]DWLRQSURFHVVZLOOWDNHSODFH
3UHVV>S@>T@WRVHOHFW³'9'´RU³+''´DQG
SUHVV>2.@3UHVV>2.@WRVWDUWHUDVLQJ
7KHHUDVLQJSURFHVVZLOOWDNHSODFH
:KHQFRPSOHWHJRWR³(;,7´DQGSUHVV>2.@
:KHQFRPSOHWHJRWR³(;,7´DQGSUHVV>2.@
',6. 722/6
&OHDQ8S'LVN+''RQO\
'HIUDJPHQW+''RQO\
3UHVV>7RROV@WRGLVSOD\WKH³'LVN7RROV
0HQX´
7KH³ 'HIUDJPHQW´ SURFHVVUHRUJDQL]HVWKHFRQWHQWVRIWKH+''
FUHDWLQJFRQWLQXRXVEORFNVRIDYDLODEOHVSDFH
3UHVV>S@>T@WRVHOHFWWKH³&OHDQ8S'LVN´DQG
WKHQSUHVV>2.@
3UHVV>7RROV@WRGLVSOD\WKH³'LVN7RROV
0HQX´
3UHVV>S@>T@WRVHOHFW³'HIUDJPHQW´DQG
WKHQSUHVV>2.@
7KHGHIUDJPHQWRSHUDWLRQEHJLQV
3UHVV>S@>T@WRVHOHFWWKH³'HOHWH2OGHU)LOHV´
³'HOHWH/DUJHU)LOHV´³'HOHWH6HOGRPO\3OD\HG
)LOHV´³'HOHWH$OEXP´RU³'HOHWH$OO´DQGWKHQ
SUHVV>2.@
:KHQWKH³'HIUDJPHQW´SURFHVVLVFRPSOHWHG
SUHVV>X@DQG>2.@WRH[LWWKH³'LVN7RROV´
PHQX
1RWH
&RQWHQWVRIWKH+''ZLOOQRWEHORVWGXULQJWKLVSURFHVV
)UHTXHQW³ GHIUDJPHQW´ RSHUDWLRQVDUHUHFRPPHQGHGWR
LPSURYHSHUIRUPDQFH
7KHFOHDQXSSURFHVVZLOOWDNHSODFH
:KHQFRPSOHWHPRYHWKHKLJKOLJKWHGFXUVRUWR
³(;,7´DQGSUHVV>2.@WRH[LW
1RWH
7KH³ &OHDQXS´ RSHUDWLRQZLOOSHUPDQHQWO\GHOHWHWKHILOHVEHLQJ
VHOHFWHG
GUI OPERATION
Language
System
Video Output
Switch video output signal.
Component (Default)
Progressive
OSD
Select a system operating language. The options are :
English,
,
, Français,
Español, Bahasa Malaysia
Clock Format
Select the clock format to set the system clock.
M/D/Y-12Hr
D/M/Y-12Hr
Y/M/D-12Hr
M/D/Y-24Hr
D/M/Y-24Hr
Y/M/D-24Hr
Menu Language
Select a menu operating language. The options are :
English, Traditional Chinese, Simplified Chinese,
French, Spanish, Malay
Audio Language
Select a audio operating language. The options are :
English, Traditional Chinese, Simplified Chinese,
French, Spanish, Malay
Date
Set the date of the system clock.
Subtitle Language
Select a subtitle operating language. The options are :
English, Traditional Chinese, Simplified Chinese,
French, Spanish, Malay, Off
Time
Set the time of the system clock.
HH:MM:SS
AM/PM
Auto-Sleep
Off/30/60/90/120mins (Default: Off)
Note:
“Auto sleep” sets how long the DVD recorder is switched to
“STANDBY” mode when no operation of the system is
detected (e.g. recording, playback, timer record or editing).
Restore
---- (Off)
Playback
Restore
Aspect Ratio
Settings of audio and video parameters when playing back.
16:9 Wide
4:3 Pan
4:3 L.Box (Default)
Parental
Set content control for supported DVD.
Set Level (Off , 1~8 )
Audio
The parental control levels are:
1: Kid Safe
2: G
4: PG-13
5: PG-R
7: NC-17
8: Adult
Digital Output
Settings of digital audio output.
PCM
3: PG
6: R
Off
(Enable digital audio output with PCM data)
Password
Set a system protect password. Password is needed for the
changing the setting.
OLD Password (XXXX)
NEW Password (XXXX)
Confirm
(XXXX)
*(Default:0000)
Bit Stream (Enable digital audio output with encode
data) (Default)
DTS Output
Enable/Disable Digital Theater System output.
Slide Time
Set the slide show interval while playing JPEG files.
Off
3~99 Seconds (Default: 5)
ON (Enable Digital Theater System mode)
OFF (Disable Digital Theater System mode)
TV Audio
Stereo MAIN
Mono
VCD PBC
Enable/Disable play back control for VCD and SVCD.
ON (Default)
OFF
SAP (second audio program)
42
*8, 23(5$7,21
5HFRUG
5HFRUG 4XDOLW\
6HWWKHGHIDXOWTXDOLW\RIUHFRUGLQJ
0
0
0
0
0[
0
&KDSWHU0DUN
6HW WKH LQWHUYDO RI FKDSWHU DXWRLQVHUWLRQ ZKLOH UHFRUGLQJ
2II
PLQV
5HFRUGLQJ0RGH
4XDOLW\ 5HF
5HF7LPH'9'
7LPH '9'
3UHVV >6<67(0 0(18@ WR GLVSOD\ WKH V\VWHP PHQX
3UHVV>S@>T@WRVHOHFW³6\VWHP´³/DQJXDJH´
³3OD\EDFN´³5HFRUG´³$XGLR´ ³797XQHU´RU³(;,7´
DQG SUHVV >X@ RU SUHVV >W@ WR UHWXUQ WR SUHYLHZ OD\HU
3UHVV>S@>T@WRVHOHFWWKHLWHPDQGSUHVV>X@RU>2.@
3UHVV>S@>T@WRVHWWKHRSWLRQDQGSUHVV>2.@
5HF7LPH+''
5HF
7LPH +''
0
+RXU
+RXU
+RXUV
+RXUV
0
0[
+RXUs
+RXUs
+RXUV
+RXUV
+RXUV
+RXUV
+RXUV
+RXUV
0
+RXUV
+RXUV
+RXUV
+RXUV
0
0
+RXUV
+RXUV
+RXUV
+RXUV
+RXUV
+RXUV
+RXUV
+RXUV
7RH[LWWKH6<67(0PHQX
3UHVV>6<67(00(18@RUDQGSUHVV>W@XQWLO\RXUHWXUQWRWKH
PDLQ PHQX
79 7XQHU
79 6LJQDO ! $QWHQQD RU &DEOH RU $XWR
6HOHFW WKH W\SH RI DQWHQQD LQSXW
&RXQWU\!6HOHFW\RXUORFDWLRQ
8WLOLWLHV ! VFDQ FKDQQHO RU HGLW FKDQQHO
6HOHFWWRVWDUWUHVFDQQLQJFKDQQHORUHGLWDFKDQQHO
)LQH 7XQH ! a a 6HOHFWWRILQHWXQHWKHFKDQQHOIUHTXHQF\PDQXDOO\
GLOSSARY
576i/576p
DVD+RW
Indicates the number of scanning lines and scanning format of
an image signal.
576i indicates 576 scanning lines with interlace format, and
576p indicates 576 scanning lines with progressive format.
DVD+RW is a recordable and rewritable disc. DVD+RW use a
recording format that is comparable to a DVD-Video format.
Aspect ratio
Aspect ratio refers to the length to height ratio of TV screens.
The ratio of a standard TV is 4:3, while the ratio of a highdefinition or wide TV is 16:9. The letter box allows you to enjoy
a picture with a wider perspective.
Bitstream
The digital form of multi-channel audio data (e.g., 5.1-channel)
before it is decoded into its various channels.
Interlace output
NTSC, the video signal standard, has 480 interlaced (I) scan
lines, The Interlaced scanning system places lines of the
second half of the picture in-between lines of the first half of the
picture.
JPEG
A popular file format for still image compression and storage.
JPEG stands for “Joint Photographic Experts Group”. There are
two sub-types of the JPEG format as follows.
• Baseline JPEG: used for digital cameras, the web, etc.
• Lossless JPEG: an old type, rarely used now.
Chapter / Title
Chapter is the smallest division and title is the largest division
on a DVD VIDEO. A chapter is a division of a title and similar to
a track for Video CD or Audio CD.
Component video
Video signals with three channels of separate information that
makes up the picture. There are some types of component
video, such as R/G/B and Y/Cb(Pb)/Cr(Pr).
Linear PCM audio
PCM stands for “Pulse Code Modulation”. Linear PCM is the
usual method for digitally encoding audio without compression,
and is used for the audio tracks on DVD VIDEO discs, Audio
CDs, etc.
MP3
MP3 (MPEG1 audio layer 3) is a compressed audio file format.
Files are recognized by their file extension “.mp3” or “.MP3”.
Composite video
A single video signal commonly used in most consumer video
products that contains all luminance, color, and synchronization
information.
Dolby Digital®
A six-channel system consisting of left, center, right, left rear,
right rear and LFE (Low-Frequency Effect channel, for use with a
sub-woofer) channels. It requires a Dolby Digital® decoder,
either in the player or in an external receiver to regenerate the
sound. All processing is done in the digital domain.
Not all Dolby Digital discs contain six (5.1) channels of
information.
DTS® (Digital Theater Systems)
DTS® stands for Digital Theater Systems. DTS® is a Digital
Surround audio encoding format configured with six (5.1)
channels, similar to Dolby Digital®. It requires a DTS® decoder,
either in the player or in an external receiver to regenerate the
sound. All processing is done in the digital domain.
Not all DTS discs contain six (5.1) channels of information.
MPEG
MPEG stands for “Motion Picture Experts Group”. This is an
international standard for compression of moving images.
On some DVDs, digital audio has been compressed and
recorded in this format.
NTSC (National Television System Committee)
The initials stand for National Television Standards Committee.
This is the committee that established the standards for
television systems in the United States. The NTSC standard
broadcasts 525 or 480 lines of resolution per second, and 30
frames per second of refresh rate, 60 Hz field frequency. NTSC
TV system is widely used in USA, Canada, Latin America and
Taiwan etc.
PAL (Phase Alternation by Line)
PAL (Phase Alteration Line) is the color television broadcast
standard throughout the Western Europe (except in France,
where SECAM is the standard), Australia, China, Singapore and
Malaysia etc. It has 625 lines of vertical resolution per second
and 25 frames per second refresh rate, 50 Hz field frequency.
DVD-R
DVD-R is a recordable disc that is the same size as a DVDVideo. Contents can be recorded only once to a DVD-R,and will
have the same format as a DVD-Video.
PBC
DVD-RW
S-Video
DVD-RW is a recordable and rewritable disc that is the same
size as a DVD-Video. DVD-RW has two different modes: VR
mode and Video mode.DVD created in video mode has the
same format as a DVD-Video ,while discs created in VR(Video
Recording)mode allow the contents to be programmed or edited
A video signal which improves picture quality over standard
composite connections. Used on Super VHS, DVD, high end TV
monitors, etc.
DVD+R
Playback Control. A special feature on a Video CD or Super
VCD that enables interactive use.
Track
SVCD, VCD, Audio CD discs use tracks to divide up the content
of a disc.
DVD+R is a recordable disc that is the same size as a DVDVideo. Contents can be recorded only once to a DVD+R,and will
have the same format as a DVD-Video.
44
SPECIFICATIONS
DISC TYPES SUPPORTED (Read Only):
DVD-R/RW, DVD+R/RW, CD-R/RW
CONTENT FORMAT SUPPORTED :
1) DVD-Video
2) DVD+VR (DVD+VR format is compatible with DVD-Video in
most case)
3) Video CD
4) Super VCD
5) Audio CD
6) MP3
Maximum number of files recognizable : 9999 files
Compression rate : between 32 kbps and 320 kbps
7) JPEG
Maximum number of pictures recognizable : 9999 files
8 ) BMP
Maximum number of pictures recognizable : 9999 files
RECORDABLE MEDIA SUPPORTED:
1) DVD+R
( DVD+VR Mode )
2) DVD+RW
( DVD+VR Mode )
3) Built-in 160GB HDD
(DVD+VR mode)
VIDEO RECORDING MODE
Mode
DVD
M1
1hr
M2
2hrs
M2x
2.5hrs
M3
3hrs
M4
4hrs
M6
6hrs
HDD
33hrs
66hrs
83hrs
99hrs
132hrs
198hrs
VIDEO RECORDING FORMAT
MPEG2: DVD+VR (M1/M2/M2x/M3/M4 mode)
MPEG1: DVD+VR (M6 mode)
VIDEO PERFORMANCE
VIDEO PERFORMANCE
DA Converter
Composite Output
S-Video Output
Components Output
10-bit / 54MHz
1 Vpp 75 Ohm
Y : 1 Vpp 75 Ohm
C : 0.3 Vpp 75 Ohm
Y : 1 Vpp 75 Ohm
Pb : 0.7 Vpp 75 Ohm
Pr : 0.7 Vpp 75 Ohm
AUDIO RECORDING FORMAT
DVD+VR (M1/M2/M2x/M3/M4/M6 mode): Dolby Digital 2-channel
AUDIO FORMAT Supported - Playback
Analog output
2channel
Digital output
coaxial/optical
Format supported
LPCM/Dolby Digital/MPEG
AUDIO PERFORMANCE
DA Converter
AD Converter
Signal-Noise (1kHz)
Dynamic Range (1kHz)
Channel Separation (1kHz)
Total Harmonic Distortion (1kHz)
24-bit/96KHZ
24-bit/96KHZ
≥90dB
≥80dB
≥110dB
≤-65dB
TUNER
TV format
PAL
CONNECTIONS
FRONT PANEL
Video Input
Audio L/R Input
IEEE 1394 Input
RCA Connector (yellow) x1
RCA Connector (white/red) x1
Mini jack x1
REAR PANEL
Video Output
Audio L/R Output
S-Video Output
Video Input
Audio L/R Input
S-Video output
Component /
Progressive Scan Output
Digital Audio Output
GENERAL
Power Supply
Power Consumption
Operating Temperature
Operating Humidity
Dimensions(W/H/D):
Net Weight:
RCA Connector (yellow) x1
RCA Connector (white/red) x1
4-pin
RCA Connector (yellow) x1
RCA Connector (white/red) x1
4 pin
Y, Pb, Pr (Green/Blue/Red) x1
Coaxial
Optical
x1
x1
AC 100 ~ 240V
50/60Hz
Approx. 50 W
+5°C to +40°C (+36°F to +104°F)
5% to 80% RH
430 x 66 x 316 mm
Approx. 4.3 kg
Notes:
The specifications and design of this product are subject to change
without notice.
45
7819901299
-EET0HILIPSATTHE)NTERNET
HTTPWWWPHILIPSCOM
HTTPWWWPHILIPSCOMSUPPORT
$6$2(
7KHPDNLQJRIXQDXWKRUL]HGFRSLHVRIFRS\SURWHFWHGPDWHULDOLQFOXGLQJFRPSXWHU
SURJUDPPHVILOHVEURDGFDVWVDQGVRXQGUHFRUGLQJVPD\EHDQLQIULQJHPHQWRIFRS\ULJKWV
DQGFRQVWLWXWHDFULPLQDORIIHQFH7KLVHTXLSPHQWVKRXOGQRWEHXVHGIRUVXFKSXUSRVHV
31