Download Kramer Electronics Switch VP-723DS User's Manual
Transcript
.UDPHU(OHFWURQLFV/WG
86(50$18$/
0RGHOV
93'66HDPOHVV6ZLWFKHU6FDOHU
93'66HDPOHVV6ZLWFKHU6FDOHU
&RQWHQWV
&RQWHQWV
,QWURGXFWLRQ
*HWWLQJ6WDUWHG
2YHUYLHZ
<RXU6HDPOHVV6ZLWFKHU6FDOHU
&RQQHFWLQJWKH6HDPOHVV6ZLWFKHU6FDOHU
&RQQHFWLQJD3&
8QGHUVWDQGLQJWKH6HDPOHVV6ZLWFKHU6FDOHU
8QGHUVWDQGLQJWKH287%XWWRQ)XQFWLRQDOLW\
8QGHUVWDQGLQJWKH3,3%XWWRQ)HDWXUH
/RFNLQJDQG8QORFNLQJWKH)URQW3DQHO
$FWLYDWLQJWKH3,3)HDWXUH
3,3&KDUDFWHULVWLFV
7RJJOLQJEHWZHHQWKH3,3DQGWKH6FUHHQ6RXUFH6:$3
5HVL]LQJWKH3,3
0RYLQJWKH3RVLWLRQRIWKH3,3
2SHUDWLQJWKH6HDPOHVV6ZLWFKHU6FDOHU
6ZLWFKLQJDQG6FDOLQJ
&RQWUROOLQJWKH6HDPOHVV6ZLWFKHU6FDOHU
2SHUDWLQJYLDWKH26'0(186FUHHQ
6ZLWFKLQJDQ,QSXW
&KRRVLQJWKH2XWSXW5HVROXWLRQ
&RQWUROOLQJWKH%ULJKWQHVVDQG&RQWUDVW
&RQWUROOLQJWKH*DPPDDQG&RORU
6HOHFWLQJWKH6RXUFH
&RQWUROOLQJWKH6FDOH*HRPHWU\
$GMXVWLQJWKH=RRP5DWLRDQG3RVLWLRQ
$GMXVWLQJWKH=RRP5DWLR
$GMXVWLQJWKH=RRP3RVLWLRQ
&RQILJXULQJYLDWKH8WLOLW\6FUHHQV
9HULI\LQJ&RQILJXUDWLRQ'HWDLOVYLDWKH,QIRUPDWLRQ6FUHHQ
&KRRVLQJWKH*UDSKLF8WLOLW\6HWWLQJV
&KRRVLQJWKH9LGHR8WLOLW\6HWWLQJV
&KRRVLQJWKH$XGLR8WLOLW\6HWWLQJV
&KRRVLQJWKH3,38WLOLW\6HWWLQJV
&KRRVLQJWKH6HDPOHVV6ZLWFK8WLOLW\6HWWLQJV
&KRRVLQJWKH26'8WLOLW\6HWWLQJV
&KRRVLQJWKH2XWSXW8WLOLW\6HWWLQJV
&KRRVLQJ)DFWRU\5HVHW
L
&RQWHQWV
2SHUDWLQJYLDWKH,QIUDUHG5HPRWH&RQWURO7UDQVPLWWHU
7HFKQLFDO6SHFLILFDWLRQV
8SJUDGLQJ)LUPZDUH
&RPPXQLFDWLRQ3URWRFRO
)LJXUHV
)LJXUH)URQW3DQHOVRIWKH93'6DQG93'6DQGWKHLU5HDU3DQHO
)LJXUH&RQQHFWLQJWKH3&
)LJXUH&RQQHFWLQJWKH93'693'65HDU3DQHO
)LJXUH287/('6HTXHQFH
)LJXUH26'3,36WDWXV
)LJXUH26'6:$36WDWXV
)LJXUH/RFNLQJ8QORFNLQJWKH)URQW3DQHO
)LJXUH26',QSXW6WDWXV
)LJXUH26'2XWSXW6WDWXV
)LJXUH0(186FUHHQ
)LJXUH0HQX6FUHHQ,FRQV
)LJXUH%ULJKWQHVVDQG&RQWUDVW6FUHHQ
)LJXUH*DPPDDQG&RORU6FUHHQ
)LJXUH*DPPD&RORU7HPSHUDWXUH0DQDJHU8VHU6FUHHQ
)LJXUH6RXUFH6HOHFWLRQ6FUHHQ
)LJXUH*HRPHWU\6FDOHDQG=RRP6FUHHQ
)LJXUH*HRPHWU\6FDOH$VSHFW5DWLRDQG1RQOLQHDU6FUHHQ
)LJXUH*HRPHWU\6FDOH$VSHFW5DWLR6FUHHQ
)LJXUH*HRPHWU\=RRP6FUHHQ
)LJXUH26'(QODUJH6WDWXV
)LJXUH=RRP5DWLR$GMXVWPHQW([DPSOH
)LJXUH=RRP3RVLWLRQ$GMXVWPHQW([DPSOH
)LJXUH*HRPHWU\=RRP5DWLR6FUHHQ
)LJXUH3UHVHW3RVLWLRQ&RQWURO.H\V
)LJXUH1DYLJDWLRQ&RQWURO.H\V
)LJXUH*HRPHWU\=RRP3RVLWLRQ$GMXVWPHQW6FUHHQ
)LJXUH8WLOLW\6FUHHQ
)LJXUH*UDSKLF6HWWLQJ8WLOLW\6FUHHQ
)LJXUH*UDSKLF6HWWLQJ&RORU)RUPDW8WLOLW\6FUHHQ
)LJXUH9LGHR6HWWLQJ8WLOLW\6FUHHQ
)LJXUH9LGHR6HWWLQJ6WDQGDUG8WLOLW\6FUHHQ
)LJXUH$XGLR6HWWLQJ8WLOLW\6FUHHQ
)LJXUH$XGLR6HWWLQJ6WHUHR8WLOLW\6FUHHQ
)LJXUH3,38WLOLW\6FUHHQ
)LJXUH3,3$FWLYDWLRQ8WLOLW\6FUHHQ
)LJXUH3,36RXUFH8WLOLW\6FUHHQ
)LJXUH3,36L]H8WLOLW\6FUHHQ
LL
.5$0(5(/(&7521,&6/7'
&RQWHQWV
)LJXUH6HDPOHVV6ZLWFK8WLOLW\6FUHHQ
)LJXUH26'6HWWLQJ8WLOLW\6FUHHQ
)LJXUH26'6L]H8WLOLW\6FUHHQ
)LJXUH26'6RXUFH3URPSW$FWLYDWLRQ8WLOLW\6FUHHQ
)LJXUH26'%ODQN&RORU8WLOLW\6FUHHQ
)LJXUH2XWSXW6HWWLQJ8WLOLW\6FUHHQ
)LJXUH2XWSXW6HWWLQJ5HVROXWLRQ8WLOLW\6FUHHQ
)LJXUH2XWSXW6HWWLQJ5HIUHVK5DWH8WLOLW\6FUHHQ
)LJXUH2XWSXW6HWWLQJ8VHU0RGH6HWWLQJ8WLOLW\6FUHHQ
)LJXUH)DFWRU\5HVHW8WLOLW\6FUHHQ
)LJXUH,QIRUPDWLRQ6FUHHQ
)LJXUH,QIUDUHG5HPRWH&RQWURO7UDQVPLWWHU
7DEOHV
7DEOH)URQW3DQHO93'6DQG93'66HDPOHVV6ZLWFKHU6FDOHU)HDWXUHV
7DEOH5HDU3DQHO93'6DQG93'66HDPOHVV6ZLWFKHU6FDOHU)HDWXUHV
7DEOH6HOHFWLQJWKH2XWSXW5HVROXWLRQ
7DEOH8VHU0RGH6HWWLQJ'HILQLWLRQV
7DEOH,QIUDUHG5HPRWH&RQWURO7UDQVPLWWHU)XQFWLRQV
7DEOH7HFKQLFDO6SHFLILFDWLRQVRIWKH93'693'6
7DEOH563URWRFRO
7DEOH56&RPPXQLFDWLRQ&RGH
7DEOH565HDG&RPPDQG
LLL
,QWURGXFWLRQ
,QWURGXFWLRQ
'HGLFDWLRQE\.UDPHU(OHFWURQLFVVLQFHWRWKHGHYHORSPHQWDQG
PDQXIDFWXUHRIKLJKTXDOLW\YLGHRDXGLRHTXLSPHQWPDNHVWKH.UDPHUOLQHDQ
LQWHJUDOSDUWRIWKHILQHVWSURGXFWLRQDQGSUHVHQWDWLRQIDFLOLWLHVLQWKHZRUOG,Q
UHFHQW\HDUV.UDPHUKDVUHGHVLJQHGDQGXSJUDGHGPRVWRIWKHOLQHPDNLQJWKH
EHVWHYHQEHWWHU7KH.UDPHUOLQHRISURIHVVLRQDOYLGHRDXGLRHOHFWURQLFVLVRQH
RIWKHPRVWYHUVDWLOHDQGFRPSOHWHDYDLODEOHDQGLVDWUXHOHDGHULQWHUPVRI
TXDOLW\ZRUNPDQVKLSSULFHSHUIRUPDQFHUDWLRDQGLQQRYDWLRQ,QDGGLWLRQWR
RXUKLJKTXDOLW\.UDPHUVHDPOHVVVZLWFKHUVFDOHUZHDOVRRIIHUH[FHOOHQW
VZLWFKHUVDQGPDWULFHVDVZHOODVGLVWULEXWLRQDPSOLILHUVUHPRWHFRQWUROOHUV
SURFHVVRUVLQWHUIDFHVDQGFRPSXWHUUHODWHGSURGXFWV
&RQJUDWXODWLRQVRQSXUFKDVLQJ\RXU.UDPHU 93'66HDPOHVV6ZLWFKHU
6FDOHUDQGRU93'66HDPOHVV6ZLWFKHU6FDOHUZKLFKDUHLGHDOIRUWKH
IROORZLQJW\SLFDODSSOLFDWLRQV
N 3UHVHQWDWLRQDQGFRQIHUHQFHURRPV\VWHPV N 3URGXFWLRQVWXGLRVUHQWDODQGVWDJLQJ 7KH93'6DQGRUWKH93'6SDFNDJHLQFOXGHVWKHIROORZLQJLWHPV N 6HDPOHVV6ZLWFKHU6FDOHU
N 3RZHUFRUG,QIUDUHGUHPRWHFRQWUROWUDQVPLWWHUDQG1XOOPRGHPDGDSWHU
N 7KLVXVHUPDQXDO DQGWKH.UDPHUFRQFLVHSURGXFWFDWDORJ&' *HWWLQJ6WDUWHG
:HUHFRPPHQGWKDW\RX
N 8QSDFNWKHHTXLSPHQWFDUHIXOO\DQGVDYHWKHRULJLQDOER[DQGSDFNDJLQJ
PDWHULDOVIRUSRVVLEOHIXWXUHVKLSPHQW N 5HYLHZWKHFRQWHQWVRIWKLVXVHUPDQXDO N 8VH.UDPHUKLJKSHUIRUPDQFHKLJKUHVROXWLRQFDEOHV 2YHUYLHZ
7KH93'6DQG93'6DUH6HDPOHVV6ZLWFKHUV6FDOHUVGHVLJQHGIRU
DZLGHYDULHW\RISUHVHQWDWLRQDQGPXOWLPHGLDDSSOLFDWLRQV7KH\DUHWUXH
PXOWLVWDQGDUGYLGHRWR5*%+9SL[HOVFDOHUVWKDWFRQYHUWFRPSRVLWHYLGHR
'RZQORDGXSWRGDWH.UDPHUXVHUPDQXDOVIURPWKH,QWHUQHWDWWKLV85/ KWWSZZZNUDPHUHOHFWURQLFVFRPPDQXDOVKWPO 7KHFRPSOHWHOLVWRI.UDPHUFDEOHVLVRQRXU:HEVLWHDW KWWSZZZNUDPHUHOHFWURQLFVFRP FOLFN³&DEOHVDQG&RQQHFWRUV´
LQWKH3URGXFWVVHFWLRQ
2YHUYLHZ
V9LGHRFRPSRQHQWYLGHR9*$69*$;*$8;*$DQG'9,VLJQDOVWR
WKHIROORZLQJXVHUVHOHFWDEOHSL[HOUDWHV
N 9*$[
N 69*$[
N ;*$[
N 6;*$[
N 8;*$[
N [
N [
N [
N [ N [ N [
N [
N [ N $XVHUGHILQDEOHRXWSXWPRGH 7KH93'6KDVDGGLWLRQDORXWSXWPRGHVXVHGIRUKLJKGHILQLWLRQ
WHOHYLVLRQ+'79SSDQGL %RWKWKH93'6DQG
93'6DUHLQSXWVHDPOHVVSUHVHQWDWLRQVZLWFKHUVWKDW N 'LJLWDOO\UHSURFHVVWKHVLJQDOWRFRUUHFWPDVWHULQJHUURUVDQGUHJHQHUDWH
WKHYLGHRDWDFKRVHQOLQHDQGSL[HOUDWHIRUPDWSURYLGLQJIRUH[DPSOH
QDWLYHUHVROXWLRQYLGHRIRU/&''/3DQG3ODVPDGLVSOD\V
N )DFLOLWDWHVFDOLQJRIDQ\JUDSKLFVUHVROXWLRQWRDQ\RWKHUUHVROXWLRQ
N ,QFRUSRUDWHDXQLTXHJUDSKLFVVFDOLQJHQJLQHZLWKLPDJHHQKDQFHPHQW
DOJRULWKPVZKLFKDUHEXLOWLQWRWKHILUPZDUH N $UHVSHFLILFDOO\GHVLJQHGWRLPSURYHYLGHRTXDOLW\E\UHGXFLQJFKURPDQRLVH
N ,QFOXGHDEXLOWLQ3LFWXUHLQ3LFWXUHLQVHUWHU OHWWLQJ\RXLQVHUWDYLGHR
VRXUFHLQWRDJUDSKLFVEDFNJURXQGRUYLFHYHUVDDOORZLQJWKHXVHUWRVL]HDQG
SRVLWLRQWKHVKUXQNHQLQVHUWHGLPDJHDQ\ZKHUHRQWKHVFUHHQ N 6FDOHDQG]RRPWRXSWRRIWKHRULJLQDOVL]H ,QDGGLWLRQERWKWKH93'6DQG93'6
N 6ZLWFKLQWUXHDXGLRIROORZYLGHRPRGH
1RWVKRZQRQWKHIURQWSDQHO
5HFRPPHQGHGIRUDGYDQFHGXVHUVRQO\ ±QRQVWDQGDUGVHWWLQJVPD\QRWEHUHFRJQL]HGE\WKHGLVSOD\GHYLFH )RUH[DPSOHVFDOLQJD9*$LQSXWWRDQ8;*$RXWSXWRUDQ6;*$LQSXWWRDQ69*$RXWSXW 6HHVHFWLRQ
.5$0(5(/(&7521,&6/7'
<RXU6HDPOHVV6ZLWFKHU6FDOHU
N ,QFOXGHDQ26'RQVFUHHQGLVSOD\IRUPDNLQJWKHDGMXVWPHQWVWKDWFDQ
EHORFDWHGDQ\ZKHUHRQWKHVFUHHQDQGFDQEHGRXEOHGLQVL]H7KH26'FDQ
EHXVHGWRGHDFWLYDWHWKHVRXUFHSURPSWFKRRVHWKHFRORURIWKHEODQNVFUHHQ
DQGFKRRVHIURPWKUHHVHDPOHVVVZLWFKLQJLPDJHWUDQVLWLRQVSHHGV N ,QFOXGHVHYHQPXOWLIXQFWLRQDOLQSXWEXWWRQVWKDWF\FOHEHWZHHQVHOHFWLQJ
DVRXUFHIUHH]LQJWKDWVRXUFHRUGHDFWLYDWLQJWKDWVRXUFHDQGGLVSOD\LQJD
EODQNVFUHHQ
N ,QFOXGHDIURQWSDQHOORFN
N ,QFRUSRUDWHIXOO3URF$PS SURFHVVLQJIRUYLGHRDQGDXGLRFRUUHFWLRQ N 2IIHUKLJKTXDOLW\GHLQWHUODFLQJSXOOGRZQ N &DQSURYLGHQRQOLQHDUVFDOLQJIRUWUDQVIRUPDWLRQ N 6XSSRUWILUPZDUHXSJUDGHYLD56 N ,QFOXGHQRQYRODWLOHPHPRU\WKDWUHWDLQVWKHODVWVHWWLQJDIWHUVZLWFKLQJ
WKHSRZHURIIDQGWKHQRQDJDLQ &RQWUROWKH93'6DQGRU93'6
N )URPWKHIURQWSDQHO26'FRQWUROEXWWRQV
N 5HPRWHO\IURPWKHLQIUDUHGUHPRWHFRQWUROWUDQVPLWWHU
N 5HPRWHO\YLD56
$FKLHYLQJWKHEHVWSHUIRUPDQFHPHDQV N &RQQHFWLQJRQO\JRRGTXDOLW\FRQQHFWLRQFDEOHVWKXV DYRLGLQJ
LQWHUIHUHQFHGHWHULRUDWLRQLQVLJQDOTXDOLW\GXHWRSRRUPDWFKLQJDQGHOHYDWHG
QRLVHOHYHOVRIWHQDVVRFLDWHGZLWKORZTXDOLW\FDEOHV N $YRLGLQJLQWHUIHUHQFHIURPQHLJKERULQJHOHFWULFDODSSOLDQFHVWKDWPD\
DGYHUVHO\LQIOXHQFHVLJQDOTXDOLW\DQGSRVLWLRQLQJ\RXU.UDPHU 93'6
DQGRU93'6DZD\IURPPRLVWXUHH[FHVVLYHVXQOLJKWDQG GXVW
<RXU6HDPOHVV6ZLWFKHU6FDOHU
)LJXUHLOOXVWUDWHVWKHIURQWSDQHOVRIWKH 93'6DQG93'6DVZHOO
DVWKHUHDUSDQHO7KHODWWHULVLGHQWLFDORQERWKWKH 93'6DQG
93'67DEOHDQG7DEOHGHILQHWKHIURQWDQGUHDUSDQHOVRIWKH
93'6DQG93'6UHVSHFWLYHO\
3URFHVVLQJDPSOLILFDWLRQHQDEOHVDGMXVWPHQWRIGLIIHUHQWYLGHRDQGDXGLRVLJQDOSDUDPHWHUV $FFRPPRGDWHV WKH IUDPHUDWH RI D FRQYHUWHG PRYLH IUDPHV SHU VHFRQG WR YLGHR IUHTXHQFLHV IUDPHV SHU VHFRQG
3$/IUDPHVSHUVHFRQG176& 6HH)LJXUH
)LJXUH)URQW3DQHOVRIWKH93'6DQG93'6DQGWKHLU5HDU3DQHO
<RXU6HDPOHVV6ZLWFKHU6FDOHU
.5$0(5(/(&7521,&6/7'
<RXU6HDPOHVV6ZLWFKHU6FDOHU
7DEOH)URQW3DQHO93'6DQG93'66HDPOHVV6ZLWFKHU6FDOHU)HDWXUHV
287/('V
,13876(/(&725
/('V
)HDWXUH
)XQFWLRQ
32:(56ZLWFK
,OOXPLQDWHGVZLWFKVXSSO\LQJSRZHUWRWKHXQLW
,55HFHLYHU/(' *UHHQZKHQWKHXQLWZLOODFFHSW,5UHPRWHFRPPDQGV
$9
$9
<&
,OOXPLQDWHVZKHQWKHFRPSRVLWHYLGHRDXGLRVRXUFHLVVHOHFWHG
,OOXPLQDWHVZKHQWKHFRPSRVLWHYLGHRDXGLRVRXUFHLVVHOHFWHG
,OOXPLQDWHVZKHQWKHV9LGHR<&DXGLRVRXUFHLVVHOHFWHG
<&
&RPSRQHQW
9*$
'9,
,OOXPLQDWHVZKHQWKHV9LGHR<&DXGLRVRXUFHLVVHOHFWHG
,OOXPLQDWHVZKHQWKHFRPSRQHQWYLGHRDXGLRVRXUFHLVVHOHFWHG
,OOXPLQDWHVZKHQWKH9*$DXGLRVRXUFHLVVHOHFWHG
,OOXPLQDWHVZKHQWKH'9,DXGLRVRXUFHLVVHOHFWHG
69
9
;
[
,OOXPLQDWHVZKHQWKH69*$UHVROXWLRQLVVHOHFWHG
,OOXPLQDWHVZKHQWKH9*$UHVROXWLRQLVVHOHFWHG
,OOXPLQDWHVZKHQWKH;*$UHVROXWLRQLVVHOHFWHG
,OOXPLQDWHVZKHQWKH[UHVROXWLRQLVVHOHFWHG
[ ,OOXPLQDWHVZKHQWKH[UHVROXWLRQLVVHOHFWHG
[ ,OOXPLQDWHVZKHQWKH[UHVROXWLRQLVVHOHFWHG
287%XWWRQ
6HOHFWVWKHRXWSXWUHVROXWLRQDQGLOOXPLQDWHVWKHDSSURSULDWH/('
)ODVKHVZKHQWKHLPDJHLVIUR]HQDQGIODVKHVPRUHVORZO\ZKHQDEODQNVFUHHQLVGLVSOD\HG ,OOXPLQDWHVZLWKWKH9/('ZKHQWKH6;*$UHVROXWLRQLVVHOHFWHGZLWKWKH;/('ZKHQWKH8;*$ UHVROXWLRQLVVHOHFWHG
ZLWKWKH[[DQG[/('VZKHQWKH[UHVROXWLRQLVVHOHFWHGZLWKWKH[/('ZKHQ
SLVVHOHFWHG93'6RQO\DQGZLWKDOOWKHRWKHU/('VZKHQ8VHU'HILQHLVVHOHFWHG ,OOXPLQDWHVZLWKWKH69/('ZKHQWKH6;*$UHVROXWLRQLVVHOHFWHGZLWKWKH[[DQG[/('V
ZKHQWKH[UHVROXWLRQLVVHOHFWHGZLWKWKH[/('ZKHQSLVVHOHFWHG93 '6RQO\DQGZLWKDOOWKH
RWKHU/('VZKHQ8VHU'HILQHLVVHOHFWHG
,OOXPLQDWHVZLWKWKH69/('ZKHQWKH8;*$UHVROXWLRQLVVHOHFWHGZLWKWKH[[DQG[/('V
ZKHQWKH[UHVROXWLRQLVVHOHFWHGZLWKWKH[/('ZKHQLLVVHOHFWHG93 '6RQO\DQGZLWKDOOWKH
RWKHU/('VZKHQ8VHU'HILQHLVVHOHFWHG
,OOXPLQDWHVZLWKWKH[/('ZKHQWKH[QRWVKRZQRQWKHIURQWSDQHOUHVROXWLRQLVVHOHFWHGZLWKWKH9
[ DQG [ /('V ZKHQ WKH [ UHVROXWLRQ LV VHOHFWHG ZLWK WKH 69 [ DQG [ /('V
ZKHQ WKH [ UHVROXWLRQ LV VHOHFWHG ZLWK WKH ; [ DQG [ /('V ZKHQ WKH [ UHVROXWLRQ LV
VHOHFWHGZLWKWKH;/('ZKHQLLVVHOHFWHG93 '6RQO\DQGZLWKDOOWKHRWKHU/('VZKHQ8VHU'HILQHLVVHOHFWHG ,OOXPLQDWHVZLWKWKH[/('ZKHQWKH [QRWVKRZQRQWKHIURQWSDQHOUHVROXWLRQLVVHOHFWHGZLWKWKH9
[ DQG [ /('V ZKHQ WKH [ UHVROXWLRQ LV VHOHFWHG ZLWK WKH 69 [ DQG [ /('V
ZKHQ WKH [ UHVROXWLRQ LV VHOHFWHG ZLWK WKH ; [ DQG [ /('V ZKHQ WKH [ UHVROXWLRQ LV
VHOHFWHGZLWKWKH9/('ZKHQSLVVHOHFWHG93'6RQO\DQGZLWKDOOWKHRWKHU/('VZKHQ8VHU'HILQHLVVHOHFWHG ,OOXPLQDWHV ZLWK WKH [ /(' ZKHQ [ QRW VKRZQ RQ WKH IURQW SDQHO UHVROX WLRQ LV VHOHFWHG ZLWK WKH
[/('ZKHQWKH[QRWVKRZQRQWKHIURQWSDQHOLVVHOHFWHGZLWKWKH9[DQG[/('V
ZKHQ WKH [ UHVROXWLRQ LV VHOHFWHG ZLWK WKH 69 [ DQG [ /('V ZKHQ WKH [ UHVROXWLRQ LV
VHOHFWHGZLWKWKH;[DQG[/('VZKHQWKH[UHVROXWLRQLVVHOHFWHGZLWKWKH69/('ZKHQWKH
SLVVHOHFWHG93'6RQO\DQGZLWKDOOWKHRWKHU/('VZKHQ8VHU'HILQHLVVHOHFWHG 6HHVHFWLRQ
<RXU6HDPOHVV6ZLWFKHU6FDOHU
)HDWXUH
3,3/('
83%XWWRQ
'2:1%XWWRQ
%XWWRQ
%XWWRQ
(17(5%XWWRQ
0(18%XWWRQ
3,3%XWWRQ
,13876(/(&725%XWWRQV
'9,
9*$
)XQFWLRQ
,OOXPLQDWHVZKHQWKHSLFWXUHLQSLFWXUHIXQFWLRQLVVHOHFWHG
0RYHVXSRQHVWHSLQWKHVDPHOHYHOLQWKH26'VFUHHQ
0RYHVGRZQRQHVWHSLQWKHVDPHOHYHOLQWKH26'VFUHHQ
,QFUHDVHVWKHUDQJHE\RQHVWHSLQWKH26'VFUHHQ
'HFUHDVHVWKHUDQJHE\RQHVWHSLQWKH26'VFUHHQ
0RYHVWRWKHQH[WOHYHOLQWKH26'VFUHHQ
'LVSOD\VWKH26'0HQXVFUHHQDQGORFNVXQORFNVWKHIURQWSDQHO
6HOHFWVWKHSLFWXUHLQSLFWXUHIXQFWLRQDQGLOOXPLQDWHVWKH3,3/('
3UHVVWRVHOHFWWKH'9,DXGLRVRXUFHDQGLOOXPLQDWHWKH'9,/('
3UHVVWRVHOHFWWKH9*$DXGLRVRXUFHDQGLOOXPLQDWHVWKH9*$/('
&RPSRQHQW 3UHVVWRVHOHFWWKHFRPSRQHQWYLGHRDXGLRVRXUFHDQGLOOXPLQDWHWKH
FRPSRQHQW/('
<&
3UHVVWRVHOHFWWKHV9LGHR<&DXGLRVRXUFHDQGLOOXPLQDWHWKH<&/('
<&
3UHVVWRVHOHFWWKHV9LGHR<&DXGLRVRXUFHDQGLOOXPLQDWHWKH<&/('
$9
$9
3UHVVWRVHOHFWWKHFRPSRVLWHYLGHRDXGLRVRXUFHDQGLOOXPLQDWHWKH$9
/('
3UHVVWRVHOHFWWKHFRPSRVLWHYLGHRDXGLRVRXUFHDQGLOOXPLQDWHWKH$9
/('
2UPRYHVWRWKHSUHYLRXVOHYHOLQWKH26'VFUHHQ 6HHVHFWLRQ
6HHVHFWLRQ
3UHVVDJDLQZKHQWKH/('LOOXPLQDWHVWRIUHH]HWKHLPDJHWKH /('IODVKHV3UHVVRQFHDJDLQZKHQWKH/('IODVKHVWR
GLVSOD\ D EODQN VFUHHQ WKH /(' IODVKHV PRUH VORZO\ $OWHUQDWLYHO\ WR IUHH]H WKH LPDJH SUHVV WKH )5((=( NH\ RQ WKH
LQIUDUHGUHPRWHFRQWUROWUDQVPLWWHUVHH)LJXUH
.5$0(5(/(&7521,&6/7'
<RXU6HDPOHVV6ZLWFKHU6FDOHU
7DEOH5HDU3DQHO93'6DQG93'66HDPOHVV6ZLWFKHU6FDOHU)HDWXUHV
$8',2,13876
2873876
)HDWXUH
9,'(2+'
&RQQHFWRU
)XQFWLRQ
&RQQHFWVWRWKHYLGHRDFFHSWRUIRUH[DPSOH3ODVPDGLVSOD\
SURMHFWRURUPRQLWRUWKDWGLVSOD\VWKHVFDOHGRXWSXWZLWKWKH26'
VXSHULPSRVHGRYHULW
,QWKH+'79PRGH93'6WKHVLJQDOJRHVRXWYLD3,16
3,1LV<3,1LV3EDQG3,1LV3U
$8',2/DQG55&$
&RQQHFWVWRWKHOHIWDQGULJKWVWHUHRDXGLRDFFHSWRUV
&RQQHFWRUV
&20321(17/DQG5 &RQQHFWVWRWKHOHIWDQGULJKWVWHUHRDXGLRLQSXWVIURPWKH
5&$&RQQHFWRUV
&20321(17YLGHRVRXUFH
'9,&RQQHFWRU
&RQQHFWVWRWKH'9,GLJLWDOYLGHRLQWHUIDFHJUDSKLFVVRXUFH
9*$+'&RQQHFWRU
&RQQHFWVWRWKH9*$DQDORJLQWHUIDFHJUDSKLFVVRXUFH
&RPSRQHQW
5&$
&RQQHFWRUV
&RQQHFWVWRWKHOHIWDQGULJKWVWHUHRDXGLRLQSXWVIURPRQHRIWKH
FRPSRVLWHRUV9LGHRVRXUFHV
&RQQHFWVWRWKHOHIWDQGULJKWVWHUHRDXGLRLQSXWVIURPRQHRIWKH
FRPSRVLWHRUV9LGHRVRXUFHV
&RQQHFWVWRWKHDXGLRLQSXWIURPHLWKHUWKH'9,GLJLWDOYLGHR
LQWHUIDFHJUDSKLFVVRXUFHRUWKH9*$DQDORJJUDSKLFVVRXUFH
9,'(2,13876
9,'(2/DQG55&$
&RQQHFWRUV
9,'(2/DQG55&$
&RQQHFWRUV
3&PP6RFNHW
<
3E&E
3U&U
<&S&RQQHFWRU
<&S&RQQHFWRU
&95&$&RQQHFWRU
&95&$&RQQHFWRU
56'%&RQQHFWRU
3RZHU&RQQHFWRUZLWK)86(
&RQQHFWWRWKHFRPSRQHQWYLGHRVRXUFH
&RQQHFWVWRWKHV9LGHRVRXUFH
&RQQHFWVWRWKHV9LGHRVRXUFH
&RQQHFWVWRWKHFRPSRVLWHYLGHRVRXUFH
&RQQHFWVWRWKHFRPSRVLWHYLGHRVRXUFH
&RQQHFWVWR3&RU6HULDO&RQWUROOHU
$&FRQQHFWRUHQDEOLQJSRZHUVXSSO\WRWKHXQLW
(LWKHU&9RU<&
(LWKHU&9RU<&
2UWRD<89VLJQDOFRQQHFWWKH³<´FRQQHFWRUWR3,1WKH³3E&E´FRQQHFWRUWR3,1DQGWKH³3U&U´FRQQHFWRU WR3,1
2UWRDQ5*%VLJQDOFRQQHFW5('WRWKH³<´FRQQHFWRU*5((1WRWKH³3E &E´FRQQHFWRUDQG%/8(WRWKH³3U&U´FRQQHFWRU
&RQQHFWLQJWKH6HDPOHVV6ZLWFKHU6FDOHU
&RQQHFWLQJWKH6HDPOHVV6ZLWFKHU6FDOHU 8VLQJWKH93'6RU93'6\RXFDQVHOHFWDQ\RQHRIWKHLQSXWV
DQGVFDOHWKDWLQSXWWRWKHRXWSXWDWWKHVHW UHVROXWLRQ
7RFRQQHFWWKH93'6RU93'6FRQQHFWWKHIROORZLQJWRWKHUHDU
SDQHODVWKHH[DPSOHLQ)LJXUHLOOXVWUDWHV
&RQQHFWRQHRUPRUHRIWKHIROORZLQJYLGHRVRXUFHV N FRPSRVLWHYLGHRVRXUFHV³&RPSRVLWH9LGHR6RXUFH´DQG³&RPSRVLWH
9LGHR6RXUFH´WRWKH5&$FRQQHFWRUV&9DQG&9UHVSHFWLYHO\ N V9LGHRVRXUFHV³V9LGHR6RXUFH´DQG³V9LGHR6RXUFH´WRWKHS
FRQQHFWRUV<&DQG<&UHVSHFWLYHO\
N $FRPSRQHQWYLGHR VRXUFHIRUH[DPSOHD%HWDFDP9&5DVLOOXVWUDWHG
LQ)LJXUHWRWKH5&$FRQQHFWRUV<3 E&EDQG3U&U
N $9*$JUDSKLFVVRXUFHIRUH[DPSOHD3&ZLWKDQDQDORJJUDSKLFV
RXWSXWWRWKH9*$+')FRQQHFWRU N $'9,JUDSKLFVVRXUFHIRUH[DPSOHD3&ZLWKDGLJLWDOJUDSKLFVRXWSXW
WRWKH'9,FRQQHFWRU
&RQQHFWWKHVWHUHRDXGLRVRXUFHVDVLOOXVWUDWHGLQ)LJXUH,QSDUWLFXODU
N 7KHDXGLRRIWKH³&RPSRVLWH9LGHR6RXUFH´WRWKH$8',2,1387
9,'(2SDLURI5&$FRQQHFWRUV N 7KHDXGLRRIWKH³V9LGHR6RXUFH´WRWKH$8',2,13879,'(2SDLU
RI5&$FRQQHFWRUV
N 7KHDXGLRRIWKH&RPSRQHQWYLGHRVRXUFHWKH%HWDFDP9&5WRWKH
$8',2,1387&20321(17SDLURI5&$FRQQHFWRUV
)RUGHWDLOVRIKRZWRVHWWKHRXWSXWUHVROXWLRQRQWKH93 '6DQG93'6UHIHUWRVHFWLRQ
6ZLWFK 2)) WKH SRZHU RQ HDFK GHYLFH EHIRUH FRQQHFWLQJ LW WR \RXU 6HDPOHVV 6ZLWFKHU 6FDOHU $IWHU FRQQHFWLQJ \RXU
6HDPOHVV6ZLWFKHU6FDOHUVZLWFKRQLWVSRZHUDQGWKHQVZLWFKRQWKHSRZHURQHDFK GHYLFH
&RQQHFWLRQWR&9LVQRWVKRZQLQWKHH[DPSOHLQ )LJXUH
6RPHWLPHVFDOOHG<89RU<%<5<RU<3E3U
$OWHUQDWLYHO\\RXFDQFRQQHFWDQ5*%VLJQDOQRWVKRZQLQ )LJXUHDVIROORZV5('WRWKH³<´FRQQHFWRU*5((1WR
WKH³3E&E´FRQQHFWRUDQG%/8(WRWKH³3U&U´FRQQHFWRU
$OWHUQDWLYHO\ \RX FDQ FRQQHFW D <89 VLJQDO WR WKH +' FRQQHFWRU QRW VKRZQ LQ )LJXUH E\ FRQQHFWLQJ WKH ³<´
FRQQHFWRUWR3,1WKH³3E&E´FRQQHFWRUWR3,1DQGWKH³3U&U´FRQQHFWRUWR3,1 7KH9,'(2FRQQHFWRUVDUHFRPPRQWR&9DQG<&
7KH9,'(2FRQQHFWRUVDUHFRPPRQWR&9DQG<& .5$0(5(/(&7521,&6/7'
&RQQHFWLQJWKH6HDPOHVV6ZLWFKHU6FDOHU
N 7KHDXGLRRIWKH'9,*UDSKLFV6RXUFHWRWKH$8',2,13873&PP
VRFNHW$OWHUQDWLYHO\FRQQHFWWKHDXGLRIURPWKH9*$*UDSKLFV6RXUF HQRW
LOOXVWUDWHGLQ)LJXUH
&RQQHFWWKH9,'(2287387+')FRQQHFWRU WRWKHYLGHRDFFHSWRU
IRUH[DPSOHDSURMHFWRURUD3ODVPDPRQLWRUDVVKRZQLQ )LJXUHDQG
FRQQHFWWKH$8',2287387SDLURI5&$FRQQHFWRUVWRWKHDXGLR
DFFHSWRUIRUH[DPSOHDSRZHUDPSOLILHU 7KHSRZHUFRUGWKHSRZHUFRQQHFWRULVQRWLOOXVWUDWHGLQ )LJXUH
$3&RSWLRQDODVVHFWLRQGHVFULEHV
&RQQHFWLQJD3&
<RXFDQFRQQHFWD3&RURWKHUFRQWUROOHUWRWKH 93'6RU93'6
YLDWKH56SRUWIRUUHPRWHFRQWURODQGIRUXSJUDGLQJWKHILUPZDUHDV
VHFWLRQGHVFULEHV
7RFRQQHFWD3&WRWKH93'6RU93'6XQLWXVLQJWKH1XOOPRGHP
DGDSWHUSURYLGHGZLWKWKHPDFKLQHUHFRPPHQGHG N &RQQHFWWKH56'%UHDUSDQHOSRUWRQWKH93'6RU93'6
XQLWWRWKH1XOOPRGHPDGDSWHUDQGFRQQHFWWKH1XOOPRGHPDGDSWHUZLWKD
ZLUHIODWFDEOHWRWKH56'%SRUWRQ\RXU3&
7RFRQQHFWD3&WRD93'6RU93'6XQLWZLWKRXWXVLQJD
1XOOPRGHPDGDSWHU
N &RQQHFWWKH56'%SRUWRQ\RXU3&WRWKH56'%UHDUSDQHO
SRUWRQWKH93'6RU93'6XQLWIRUPLQJDFURVVFRQQHFWLRQDV
)LJXUHLOOXVWUDWHV
'%)URP3&
'%7R6HDPOHVV
6ZLWFKHU6FDOHU
)LJXUH&RQQHFWLQJWKH3&
7KH3&FRQQHFWRULVFRPPRQWR'9,DQG9*$
,QWKH+'79PRGHWKHVLJQDOJRHVRXWYLD3,163,1LV<3,1LV3EDQG3,1LV3U $OVRNQRZQDVD1XOOPRGHPFRQQHFWLRQ
)LJXUH&RQQHFWLQJWKH93'693'65HDU3DQHO
&RQQHFWLQJWKH6HDPOHVV6ZLWFKHU6FDOHU
.5$0(5(/(&7521,&6/7'
8QGHUVWDQGLQJWKH6HDPOHVV6ZLWFKHU6FDOHU
8QGHUVWDQGLQJWKH6HDPOHVV6ZLWFKHU6FDOHU
7KH93'6DQG93'6LQFOXGHWKHIROORZLQJIURQWSDQHOEXWWRQV
N $VHWRI,13876(/(&725EXWWRQV$9$9<&<&
&RPSRQHQW9*$DQG'9,
N $Q287EXWWRQVHHVHFWLRQ
N $3,3EXWWRQVHHVHFWLRQ
N $VHWRI26'EXWWRQVZKLFKDUHGHVFULEHGLQ 7DEOH0(18(17(5
83DQG'2:1
8QGHUVWDQGLQJWKH287%XWWRQ)XQFWLRQDOLW\
3UHVVWKH287EXWWRQWRFKRRVHWKHGHVLUHGRXWSXWUHVROXWLRQ7DEOHDQG
)LJXUHGHILQHKRZWRVHOHFWWKHRXWSXWUHVROXWLRQ
7DEOH6HOHFWLQJWKH2XWSXW5HVROXWLRQ
7RVFDOHWRWKLVSL[HOUHVROXWLRQUDWH
93'6DQG93'6
9*$[
69*$[
;*$[
6;*$[
8;*$[
[L
[L
[
[
[
[
[
[
3UHVVWKH287EXWWRQWRLOOXPLQDWHWKLV/('VHTXHQFH
9
69
;
9DQG69
69DQG;
[
[
[
[DQG[
[DQG[
9DQG[DQG[DQG[
69DQG[DQG[DQG[
;DQG[DQG[DQG[
7RRXWSXWWRWKLVKLJKGHILQLWLRQ
WHOHYLVLRQ+'79PRGH93'6
S
S
L
3UHVVWKH287EXWWRQWRLOOXPLQDWHWKLV/('VHTXHQFH
9DQG[
69DQG[
;DQG[
7RVFDOHWRWKLVSL[HOUHVROXWLRQUDWH 3UHVVWKH287EXWWRQWRLOOXPLQDWHWKLV/('VHTXHQFH
8VHU'HILQH
$OO/('V
,WHPLQ)LJXUH
1RWVKRZQRQWKHIURQWSDQHO
5HFRPPHQGHGIRUDGYDQFHGXVHUVRQO\±QRQVWDQGDUGVHWWLQJVPD\QRWEHUHFRJQL]HGE\WKHGLVSOD\ GHYLFH
)LJXUH287/('6HTXHQFH
8QGHUVWDQGLQJWKH6HDPOHVV6ZLWFKHU6FDOHU
.5$0(5(/(&7521,&6/7'
8QGHUVWDQGLQJWKH6HDPOHVV6ZLWFKHU6FDOHU
8QGHUVWDQGLQJWKH3,3%XWWRQ)HDWXUH
7KH3LFWXUHLQ3LFWXUHLQVHUWHU3,3LVXVHGIRUWKHVLPXOWDQHRXVGLVSOD\RI
YLGHRDQGJUDSKLFVRXUFHVDQGOHWV\RXGLVSOD\
x $QLQVHUWHGYLGHRVRXUFH 3,3RYHUDJUDSKLFVRXUFH GLVSOD\
x $QLQVHUWHGJUDSKLFVRXUFH 3,3RYHUDYLGHRVRXUFH GLVSOD\
<RXU6HDPOHVV6ZLWFKHU6FDOHUDXWRPDWLFDOO\UHFRJQL]HVDQGGLVSOD\VRQO\
WKHUHOHYDQWVRXUFHVDVWKHIROORZLQJH[DPSOHVLOOXVWUDWH x &KRRVLQJWKH$93,3VRXUFHZKHQWKH9*$LQSXWLVVHOHFWHGZLOO
LQVHUWWKHFRPSRVLWHYLGHRVRXUFHRYHUWKH9*$JUDSKLFGLVSOD\HG RQWKH
VFUHHQ<RXFDQFKRRVHDFRPSRQHQW<&<&RU$93,3VRXUFH LQVWHDGRIWKH$9<RXFDQQRWFKRRVH9*$9*$RU'9, x &KRRVLQJWKH9*$3,3VRXUFHZKHQWKH$9LQSXWLVVHOHFWHGZLOO
LQVHUWWKH9*$JUDSKLFVRXUFHRYHUWKHFRPSRVLWHYLGHRGLVSOD\HGRQWKH
VFUHHQ<RXFDQFKRRVHD'9,3,3VRXUFH LQVWHDGRIWKH9*$<RX
FDQQRWFKRRVH$9<&<&RUFRPSRQHQW $FWLYDWLQJWKH3,3)HDWXUH
7RDFWLYDWHWKH3,3ZKLFKLOOXPLQDWHVWKH3,3/('GRRQHRIWKHIROORZLQJ
x 3UHVVWKH3,3EXWWRQ x 6ZLWFKRQWKH3,3IXQFWLRQDOLW\YLDWKH26'0HQXVHH )LJXUH
x 3UHVVWKH3,3NH\RQWKHLQIUDUHGUHPRWHFRQWUROWUDQVPLWWHUVHH)LJXUH
:KHQWKH6RXUFH3URPSWLV21VHH)LJXUHWKH3,3LVHQFORVHGE\DQ
RUDQJHIUDPHDQGWKH26'3,3VWDWXVDSSHDUVVXSHULPSRVHGRYHUWKHWRS
ULJKWFRUQHURIWKHVFUHHQIRUDIHZVHFRQGVDV )LJXUHLOOXVWUDWHV$IWHUD
IHZVHFRQGVWKHRUDQJHIUDPHDQGWKH26'3,3VWDWXVDXWRPDWLFDOO\
GLVDSSHDU
$FWLYDWLQJWKH3,3VXEVHTXHQWO\F\FOHVEHWZHHQWKH3,3ZLWKWKHRUDQJH
IUDPHDQGQR3,3
7KDWLVFRPSRVLWHV9LGHRRUFRPSRQHQW
7KDWLV'9,RU9*$
$VORQJDVLWLVFRQQHFWHGDQGVZLWFKHGRQ2WKHUZLVHFKRRVLQJLWZLOOGLVSOD\DEODQNVFUHHQ $VWKHVHDUHJUDSKLFVVRXUFHVDQG\RXFDQQRWLQVHUWDJUDSKLFV3,3RYHUDJUDSKLFVVRXUFH $VWKHVHDUHYLGHRVRXUFHVDQG\RXFDQQRWLQVHUWDYLGHR3,3RYHUDYLGHRVRXUFH
,WHPLQ)LJXUH
%\GHIDXOWVHFRQGV%XW\RXFDQUHVHWWKHWLPHRXWIURPWRVHFRQGVVHHVHFWLRQ 7U\LQJWRDFWLYDWHWKH3,3DJDLQZKLOHWKH3,3LVVWLOOHQFORVHGE\DQRUDQJHIUDPHGHDFWLYDWHVWKH3,3
8QGHUVWDQGLQJWKH6HDPOHVV6ZLWFKHU6FDOHU
)LJXUH26'3,36WDWXV
:KHQWKH6RXUFH3URPSWLV2))VHH)LJXUHDFWLYDWLQJWKH3,3WRJJOHV
EHWZHHQWKH3,3ZLWKQRIUDPHDQGQR26'3,3VWDWXVDQGQR3,3 3,3&KDUDFWHULVWLFV
<RXFDQGHWHUPLQHWKHIROORZLQJ3,3FKDUDFWHULVWLFV N 3,36RXUFH
N 3,36L]HRUVSOLWVFUHHQ
N +RUL]RQWDODQG9HUWLFDOSRVLWLRQSODFLQJLWDQ\ZKHUHRQWKHVFUHHQ 7RJJOLQJEHWZHHQWKH3,3DQGWKH6FUHHQ6RXUFH6:$3
7RWRJJOHEDFNDQGIRUWKEHWZHHQWKH3,3FRQWHQWDQGWKHVFUHHQVRXUFH
FRQWHQWGRWKHIROORZLQJ
N 3UHVVWKH6:$3NH\RQWKH,QIUDUHGUHPRWHFRQWUROWUDQVPLWWHUVHH)LJXUH
7KH26'6:$3VWDWXVDSSHDUVVXSHULPSRVHGRYHUWKHWRSULJKWFRUQHURIWKH
VFUHHQIRUDIHZVHFRQGV DV)LJXUHLOOXVWUDWHV
)LJXUH26'6:$36WDWXV
%\GHIDXOWVHFRQGV%XW\RXFDQUHVHWWKHWLPHRXWIURPWRVHFRQGVVHHVHFWLRQ .5$0(5(/(&7521,&6/7'
8QGHUVWDQGLQJWKH6HDPOHVV6ZLWFKHU6FDOHU
5HVL]LQJWKH3,3
7RUHVL]HWKH3,3RUVSOLWVFUHHQ N :KHQWKH6RXUFH3URPSWLV21DQGWKH3,3LVHQFORVHGE\DQRUDQJHIUDPH
XVHWKH8SDQGRU'RZQQDYLJDWLRQFRQWURONH\VRQWKHLQIUDUHGUHPRWHFRQWURO
WUDQVPLWWHUVHH)LJXUHRUWKH83DQGRU'2:1IURQWSDQHO26'EXWWRQV
N 8VHWKH26'0HQXEXWWRQVVHH)LJXUH
0RYLQJWKH3RVLWLRQRIWKH3,3
7RPRYHWKHORFDWLRQRIWKH3,3
N :KHQWKH6RXUFH3URPSWLV2))XVHWKHIRXUQDYLJDWLRQFRQWURONH\V
VHH)LJXUHRQWKHLQIUDUHGUHPRWHFRQWUROWUDQVPLWWHUVHH)LJXUH
N :KHQWKH6RXUFH3URPSWLV21DQGWKH3,3LVHQFORVHGE\DQRUDQJH
IUDPHXVHWKHSUHVHWSRVLWLRQFRQWURONH\VVHH )LJXUHRQWKHLQIUDUHG
UHPRWHFRQWUROWUDQVPLWWHUVHH)LJXUHWRLQVWDQWO\PRYHWKHSRVLWLRQRI
WKH3,3ZLQGRZWRXSWRQLQHSUHVHWIL[HGORFDWLRQV :KHQWKH6RXUFH3URPSW
LV2))WKHSUHVHWSRVLWLRQFRQWURONH\VKDYHQRHIIHFW /RFNLQJDQG8QORFNLQJWKH)URQW3DQHO
<RXFDQORFNWKHIURQWSDQHO DQGFRQWUROIURPWKHLQIUDUHGUHPRWHFRQWURO
WUDQVPLWWHUWRVDIHJXDUGWKHVHWWLQJVRQWKH 93'6RU93'6
7RORFNWKHIURQWSDQHO
N 3UHVVDQGKROGWKH0(18IURQWSDQHO26'EXWWRQ RUWKH0(18NH\RQ
WKHLQIUDUHGUHPRWHFRQWUROWUDQVPLWWHUVHH)LJXUHIRUDIHZVHFRQGVXQWLO
WKH.H\/RFN2Q26'VWDWXVDSSHDUVVXSHULPSRVHGRYHUWKHWRSULJKWFRUQHU
RIWKHVFUHHQIRUDIHZVHFRQGV DV)LJXUHLOOXVWUDWHV
)LJXUH/RFNLQJ8QORFNLQJWKH)URQW3DQHO
)RUH[DPSOHWRPRYHWRWKHORZHUULJKWFRUQHURIWKHLPDJHSUHVVWKH
EXWWRQ
+RZHYHURSHUDWLRQYLD56VHULDOFRPPDQGVUHPRWHFRQWUROOHURU3&LVVWLOODYDLODEOH ,WHPLQ)LJXUH
%\GHIDXOWVHFRQGV%XW\RXFDQUHVHWWKHWLPHRXWIURPWRVHFRQGVVHHVHFWLRQ 2SHUDWLQJWKH6HDPOHVV6ZLWFKHU6FDOHU
7RXQORFNWKHIURQWSDQHOUHOHDVLQJWKHSURWHFWLRQPHFKDQLVP N 3UHVVDQGKROGWKH0(18IURQWSDQHO26'EXWWRQ RUWKH0(18NH\RQ
WKHLQIUDUHGUHPRWHFRQWUROWUDQVPLWWHUVHH)LJXUHIRUDIHZVHFRQGVXQWLO
WKH.H\/RFN2II26'VWDWXVDSSHDUVVXSHULPSRVHGRYHUWKHWRSULJKWFRUQHU
RIWKHVFUHHQIRUDIHZVHFRQGV 2SHUDWLQJWKH6HDPOHVV6ZLWFKHU6FDOHU
6HFWLRQGHVFULEHVKRZWRVZLWFKDQGVFDOHDQLQSXW6HFWLRQGHVFULEHV
WKHPHWKRGVRIFRQWUROOLQJWKH6HDPOHVV6ZLWFKHU6FDOHU
6ZLWFKLQJDQG6FDOLQJ
6HFWLRQGHVFULEHVKRZWRVZLWFKDQLQSXW6HFWLRQGHVFULEHVKRZ
WRVHOHFWWKHRXWSXWUHVROXWLRQ
6ZLWFKLQJDQ,QSXW
<RXFDQVZLWFKVHDPOHVVO\ EHWZHHQHDFKLQSXW WKDWLVFRQQHFWHGWRDVRXUFH
E\SUHVVLQJWKHDSSURSULDWH,13876(/(&725EXWWRQ7KH26'VWDWXV
DSSHDUVVXSHULPSRVHGRYHUWKHWRSULJKWFRUQHURIWKHVFUHHQIRUDIHZ
VHFRQGVDV)LJXUHLOOXVWUDWHV
)LJXUH26',QSXW6WDWXV
<RXFDQDOVRXVHWKH,13876(/(&725EXWWRQWRIUHH]H WKHLPDJHRUWR
GLVSOD\DEODQNVFUHHQ ,WHPLQ)LJXUH
%\GHIDXOWVHFRQGV%XW\RXFDQUHVHWWKHWLPHRXWIURPWRVHFRQGVVHHVHFWLRQ )RUJOLWFKOHVVWUDQVLWLRQVEHWZHHQLQSXWV 7RVHWWKHLPDJHWUDQVLWLRQVSHHGIDVWVDIH RUPRGHUDWHVHHVHFWLRQ
%\SUHVVLQJWKH,13876(/(&725EXWWRQDJDLQZKHQWKHDSSURSULDWH/('LOOXPLQDWHV %\SUHVVLQJWKH,13876(/(&725EXWWRQRQFHDJDLQZKHQWKHDSSURSULDWH/('IODVKHV .5$0(5(/(&7521,&6/7'
2SHUDWLQJWKH6HDPOHVV6ZLWFKHU6FDOHU
&KRRVLQJWKH2XWSXW5HVROXWLRQ
<RXFDQVHOHFWWKHRXWSXWUHVROXWLRQFKRRVLQJWKHSL[HOUHVROXWLRQDVVHFWLRQ
GHVFULEHVE\SUHVVLQJWKH287EXWWRQ RQWKHIURQWSDQHORUWKH287
NH\RQWKHLQIUDUHGUHPRWHFRQWUROWUDQVPLWWHUVHH)LJXUH7KH26'
VWDWXVDSSHDUVVXSHULPSRVHGRYHUWKHWRS ULJKWFRUQHURIWKHVFUHHQIRUDIHZ
VHFRQGVDV)LJXUHLOOXVWUDWHV
)LJXUH26'2XWSXW6WDWXV
&RQWUROOLQJWKH6HDPOHVV6ZLWFKHU6FDOHU
<RXFDQFRQWUROWKH6HDPOHVV6ZLWFKHU6FDOHUYLD
N 7KHIURQWSDQHO26'FRQWUROEXWWRQVVHHVHFWLRQ
N 7KHLQIUDUHGUHPRWHFRQWUROWUDQVPLWWHUVHHVHFWLRQ N 56UHPRWHFRQWURO
2SHUDWLQJYLDWKH26'0(186FUHHQ
7KH26'VXSHULPSRVHVDPHQXRQWKHVFUHHQIURPZKLFK\RXFDQ FRQWURO\RXU
WKH93'6RU93'6XVLQJWKH0(18(17(583DQG'2:1
IURQWSDQHO26'EXWWRQV
3UHVVLQJWKH0(18IURQWSDQHO26'EXWWRQRUWKH0(18NH\RQWKH
LQIUDUHGUHPRWHFRQWUROWUDQVPLWWHUVHH)LJXUHGLVSOD\VWKHILUVW26'
VFUHHQWKH³0HQXVFUHHQ´VHH)LJXUHZKLFKGLVSOD\VVL[LQWHUDFWLYH
LFRQVGHILQHGLQ)LJXUH
,WHPLQ)LJXUH
%\GHIDXOWVHFRQGV%XW\RXFDQUHVHWWKHWLPHRXWIURPWRVHFRQGVVHHVHFWLRQ $GMXVWLQJWKHRXWSXWUHVROXWLRQUHVXOWVLQDFRUUHVSRQGLQJDGMXVWPHQWWRWKHVL]HRIWKH26'VWD WXVZLQGRZ
(DFKLFRQUHSUHVHQWVD/HYHOIXQFWLRQ,QDGGLWLRQWR/HYHOWKH26'VWUXFWXUHLQFOXGHV/HYHODVXEVHWRIOHYHO
/HYHODVXEVHWRIOHYHO/HYHODVXEVHWRIOHYHODQG5DQJH 2SHUDWLQJWKH6HDPOHVV6ZLWFKHU6FDOHU
$IWHULQLWLDOO\SUHVVLQJWKH0(18IURQWSDQHO26'EXWWRQRUWKH0(18NH\
RQWKHLQIUDUHGUHPRWHFRQWUROWUDQVPLWWHUHDFKVXEVHTXHQWSUHVVPRYHVWR
WKHSUHYLRXVOHYHOLQWKH26'VFUHHQ(VF
)LJXUH0(186FUHHQ
%ULJKWQHVV
DQG
&RQWUDVW
*DPPD
DQG&RORU
6RXUFH
*HRPHWU\
8WLOLW\
,QIRUPDWLRQ
)LJXUH0HQX6FUHHQ,FRQV
&RQWUROOLQJWKH%ULJKWQHVVDQG&RQWUDVW
)LJXUHLOOXVWUDWHVWKH%ULJKWQHVVDQG&RQWUDVW6FUHHQ
)LJXUH%ULJKWQHVVDQG&RQWUDVW6FUHHQ
.5$0(5(/(&7521,&6/7'
2SHUDWLQJWKH6HDPOHVV6ZLWFKHU6FDOHU
&RQWUROOLQJWKH*DPPDDQG&RORU
)LJXUHLOOXVWUDWHVWKH*DPPDDQG&RORU6FUHHQ<RXFDQFKRRVH1RUPDO
DYHUDJHVHWWLQJ3UHVHQWDWLRQKLJKHUEODFNOHYHO&LQHPDKLJKHUZKLWH
EDODQFH1DWXUHKLJKHUJUHHQOHYHO8VHURU8V HU
)LJXUH*DPPDDQG&RORU6FUHHQ
&KRRVLQJ8VHURU8VHUIURPWKH*DPPDDQG&RORU6FUHHQLOOXVWUDWHGLQ
)LJXUHGLVSOD\VWKH*DPPD&RORU7HPSHUDWXUHDQG&RORU0DQDJHU
6FUHHQLQ)LJXUH(DFKXVHUVHWWLQJLVFXVWRPL]HGWRWKHDSSOLFDEOH
HQYLURQPHQW7KHXVHUVHWVWKHSDUDPHWHUVDQGVDYHVWKHPIRUUHFDOOODWHU )LJXUH*DPPD&RORU7HPSHUDWXUH0DQDJHU8VHU6FUHHQ
2SHUDWLQJWKH6HDPOHVV6ZLWFKHU6FDOHU
6HOHFWLQJWKH6RXUFH
)LJXUHLOOXVWUDWHVWKH6RXUFH6FUHHQGLVSOD\LQJWKHDFWLYHVRXUFHDVZHOO
DVIDFLOLWDWLQJFKDQJLQJRIWKHVRXUFH
)LJXUH6RXUFH6HOHFWLRQ6FUHHQ
&RQWUROOLQJWKH6FDOH*HRPHWU\
)LJXUHLOOXVWUDWHVWKHPDLQ*HRPHWU\6FUHHQIURPZKLFK\RXFDQVFDOH
DQG]RRP
)LJXUH*HRPHWU\6FDOHDQG=RRP6FUHHQ
)LJXUHLOOXVWUDWHVWKH*HRPHWU\6FDOH6FUHHQIURPZKLFK\RXFDQVFDOH
$VSHFW5DWLRDQG1RQOLQHDU
.5$0(5(/(&7521,&6/7'
2SHUDWLQJWKH6HDPOHVV6ZLWFKHU6FDOHU
)LJXUH*HRPHWU\6FDOH$VSHFW5DWLRDQG1RQOLQHDU6FUHHQ
6HWWKHDVSHFWUDWLRDFFRUGLQJWR\RXUVSHFLILFUHTXLUHPHQWV ²WKHQDWLYH
UHVROXWLRQ²WKDWLVGHSHQGLQJRQWKHVSHFLILFDWLRQVRIWKH3ODVPDVFUHHQRU
SURMHFWRU
:KHQXVLQJD9*$'9,DQGRUFRPSRQHQWYLGHR VRXUFH\RXFDQFKRRVHDQ
DVSHFWUDWLRIURPWKHIROORZLQJ)XOO6FUHHQ1DWLYH2XWSXW DQG
2XWSXW
:KHQXVLQJDFRPSRVLWHYLGHRVRXUFHDQGRUDQV 9LGHRVRXUFHDQGRU
FRPSRQHQWYLGHR VRXUFH\RXFDQFKRRVHDQDVSHFWUDWLRIURPWKHIROORZLQJ
1RUPDO:LGH6FUHHQ3DQ 6FDQ2XWSXW DQG2XWSXWDV)LJXUH
LOOXVWUDWHV
)LJXUH*HRPHWU\6FDOH$VSHFW5DWLR6FUHHQ
'HSHQGLQJRQWKHUHVROXWLRQRIWKHFRPSRQHQWVR XUFH
,QWKLVVWDQGDUGWKHUDWLREHWZHHQWKHOHQJWKDQG KHLJKWLV
,QWKLVVWDQGDUGD&LQHPDPRGHVWDQGDUGXVHGIRUPRYLHVDQG'9'VWKHUDWLREHWZHHQWKHOHQJWKDQGKHLJKWLVRU
VRPHWLPHV
3DQQLQJWKHSLFWXUHUHIHUVWRUHVL]LQJDQG FURSSLQJLW
2SHUDWLQJWKH6HDPOHVV6ZLWFKHU6FDOHU
$GMXVWLQJWKH=RRP5DWLRDQG3RVLWLRQ
)LJXUHLOOXVWUDWHVWKH*HRPHWU\=RRP6FUHHQ
)LJXUH*HRPHWU\=RRP6FUHHQ
7KH]RRPUDWLRDQGWKH]RRPSRVLWLRQDUHLOOXVWUDWHGE\DVPDOOUHFWDQJOH
LQVLGHDWUDQVSDUHQWSRSXS26'(QODUJHVWDWXVER[WKDWDSSHDUVDWWKHWRS
ULJKWFRUQHURIWKHVFUHHQDVWKHH[DPSOHLQ)LJXUHLOOXVWUDWHV
)LJXUH26'(QODUJH6WDWXV
:KHQ\RXFKDQJHWKH]RRPUDWLRRU]RRPSRVLWLRQWKHVFUHHQLPDJHLV
DGMXVWHGFRUUHVSRQGLQJO\DQGWKHFKDQJHLVUHIOHFWHGLQWKH SRSXS26'
(QODUJHVWDWXVER[)RUH[DPSOH)LJXUHLOOXVWUDWHVD]RRPUDWLRLQFUHDVH
IURP,PDJH$WR,PDJH%
.5$0(5(/(&7521,&6/7'
2SHUDWLQJWKH6HDPOHVV6ZLWFKHU6FDOHU
)LJXUH=RRP5DWLR$GMXVWPHQW([DPSOH
)LJXUHLOOXVWUDWHVKRZWKHSRSXS26'(QODUJHVWDWXVER[VKRZVD]RRP
SRVLWLRQDGMXVWPHQWIURPWKHWRSOHIWFRUQHU,PDJH&W RWKHORZHUULJKW
FRUQHU,PDJH'
)LJXUH=RRP3RVLWLRQ$GMXVWPHQW([DPSOH
$GMXVWLQJWKH=RRP5DWLR
<RXFDQDGMXVWWKH]RRPUDWLRWRXSWRYLDRQHRUERWKRIWKHVH PHWKRGV
N 8VLQJWKH=RRPDQGRUWKH=RRPFRQWURONH\VRQWKHLQIUDUHG
UHPRWHFRQWUROWUDQVPLWWHUVHH)LJXUH7KHSRSXS26'(QODUJHVWDWXV
ER[FRQWLQXRXVO\GLVSOD\VWKH]RRPUDWLRDQGSRVLWLRQDV)LJXUHLOOXVWUDWHV
N 8VLQJWKH26'0HQXEXWWRQVDV)LJXUHLOOXVWUDWHV
)LJXUH*HRPHWU\=RRP5DWLR6FUHHQ
7KH
DQGWKH
EXWWRQV
2SHUDWLQJWKH6HDPOHVV6ZLWFKHU6FDOHU
$GMXVWLQJWKH=RRP3RVLWLRQ
<RXFDQDGMXVWWKH]RRPSRVLWLRQVHHWKHH[DPSOHLQ)LJXUHYLDRQHRU
PRUHRIWKHIROORZLQJPHWKRGV
N 8VLQJWKHSUHVHWSRVLWLRQFRQWURONH\V VHH)LJXUHRQWKHLQIUDUHG
UHPRWHFRQWUROWUDQVPLWWHUVHH)LJXUHZKLFKLQVWDQWO\PRYHWKHSRVLWLRQ
RIWKH]RRPWRXSWRQLQHSUHVHWIL[HGORFDWLRQV )LJXUH3UHVHW3RVLWLRQ&RQWURO.H\V
N 8VLQJWKHQDYLJDWLRQFRQWURONH\VRQWKHLQIUD UHGUHPRWHFRQWURO
WUDQVPLWWHUVHH)LJXUHWRILQHWXQHWKH]RRPSRVLWLRQWKDWLVWRVORZO\
]RRPLQDWDQ\ORFDWLRQRQWKHVFUHHQ DV)LJXUHLOOXVWUDWHV
)LJXUH1DYLJDWLRQ&RQWURO.H\V
N 8VLQJWKH26'0HQXEXWWRQVVHH)LJXUH
)LJXUH*HRPHWU\=RRP3RVLWLRQ$GMXVWPHQW6FUHHQ
:KLFKDOVRVHWWKHSRVLWLRQIRUWKH3,3ZLQGRZORFDWLRQZKHQWKH6RXUFH3URPSWLV21 )RUH[DPSOHWR]RRPLQWRWKHORZHUULJKWFRUQHURIWKHLPDJHSUHVVWKH
)RUH[DPSOHWR]RRPLQWRZDUGWKHORZHUULJKWRIWKHLPDJHSUHVVWKH
EXWWRQ
DQGWKH
EXWWRQVVHSDUDWHO\DVUHTXLUHG
)RUH[DPSOHWR]RRPLQWRWKHORZHUULJKWSDUWRIWKHLPDJHLQVWHDGRIWKHWRSOHIWSDUWSUHVVWKHDQG'2:126'0HQX
EXWWRQVLWHPVDQGUHVSHFWLYHO\LQ)LJXUHVHSDUDWHO\DVUHTXLUHG
.5$0(5(/(&7521,&6/7'
2SHUDWLQJWKH6HDPOHVV6ZLWFKHU6FDOHU
&RQILJXULQJYLDWKH8WLOLW\6FUHHQV
<RXFDQGHWHUPLQHKRZ\RXU93'6RU93'6ZLOOIXQFWLRQHLWKHU
JHQHUDOO\RURQDVSHFLILFRFFDVLRQYLDWKH8WLOLW\VFUHHQVHWWLQJVVHH)LJXUH
)LJXUH8WLOLW\6FUHHQ
&KRRVLQJWKH*UDSKLF8WLOLW\6HWWLQJV
)URPWKH*UDSKLF 6HWWLQJ8WLOLW\VFUHHQVHH)LJXUH\RXFDQVHWWKHFRORU
IRUPDWVHH)LJXUHSRVLWLRQVDWXUDWLRQKXHVKDUSQHVVIUHTXHQF\DQG
SKDVHDVZHOODVDXWRLPDJH DQGDXWRJDLQ )LJXUH*UDSKLF6HWWLQJ8WLOLW\6FUHHQ
:KHQD9*$VRXUFHLVVHOHFWHG³*UDSKLF6HWWLQJ´ZLOOEHVKRZQRU³3&'DWD6HWWLQJ´LQ HDUOLHUYHUVLRQV³+'796HWWLQJ´
LOOXVWUDWHGLQ)LJXUHZLOODSSHDUZKHQDQ+'79VRXUFHLVVHOHFWHG
$VVHVVHVWKHLPDJHDQGLPSURYHVWKHTXDOLW\DFFRUGLQJO\E\DXWRPDWLFDOO\DGMXVWLQJWKHSKDVHIUHTXHQF\DQGSRVLWLRQ $XWRPDWLFDOO\DGMXVWVWKHEULJKWQHVVDQGFRQWUDVW 2SHUDWLQJWKH6HDPOHVV6ZLWFKHU6FDOHU
6HOHFWLQJWKHFRORUIRUPDWVHH)LJXUHOHWV\RXVHOHFW5*%RU<89 FRORUVSDFH:KHQWKH'HIDXOWVHWWLQJLVFKRVHQWKHFRORUVSDFHLVVHW
DFFRUGLQJWRWKHGHWHFWHGLQSXWUHVROXWLRQ )LJXUH*UDSKLF6HWWLQJ&RORU)RUPDW8WLOLW\6FUHHQ
&KRRVLQJWKH9LGHR8WLOLW\6HWWLQJV
)URPWKH9LGHR6HWWLQJ8WLOLW\VFUHHQVHH)LJXUH\RXFDQVHWWKH
6WDQGDUGVHH)LJXUHFRORUKXHVKDUSQHVVDQGSRVLWLRQ
)LJXUH9LGHR6HWWLQJ8WLOLW\6FUHHQ
7KDWLV<%<5<FRORUVSDFHDOVRNQRZQDV<&E&URU<3E3U
.5$0(5(/(&7521,&6/7'
2SHUDWLQJWKH6HDPOHVV6ZLWFKHU6FDOHU
)LJXUH9LGHR6HWWLQJ6WDQGDUG8WLOLW\6FUHHQ
&KRRVLQJWKH$XGLR8WLOLW\6HWWLQJV
)URPWKH$XGLR6HWWLQJ8WLOLW\VFUHHQVHH)LJXUH\RXFDQVHWWKH
YROXPHWUHEOHEDVVDQGFKRRVHEHWZHHQVWHUHRDQGPRQRVHH )LJXUH
)LJXUH$XGLR6HWWLQJ8WLOLW\6FUHHQ
)LJXUH$XGLR6HWWLQJ6WHUHR8WLOLW\6FUHHQ
2SHUDWLQJWKH6HDPOHVV6ZLWFKHU6FDOHU
&KRRVLQJWKH3,38WLOLW\6HWWLQJV
)URPWKH3,36HWWLQJ8WLOLW\VFUHHQVHH)LJXUH\RXFDQDFWLYDWHWKH3,3
VHH)LJXUHDQGFKRRVHWKHVRXUFHVHH)LJXUHWKHVL]HVHH)LJXUH
DQGWKHSRVLWLRQRIWKH3,3
)LJXUH3,38WLOLW\6FUHHQ
)LJXUH3,3$FWLYDWLRQ8WLOLW\6FUHHQ
)LJXUH3,36RXUFH8WLOLW\6FUHHQ
.5$0(5(/(&7521,&6/7'
2SHUDWLQJWKH6HDPOHVV6ZLWFKHU6FDOHU
)LJXUH3,36L]H8WLOLW\6FUHHQ
&KRRVLQJWKH6HDPOHVV6ZLWFK8WLOLW\6HWWLQJV
)URPWKH6HDPOHVV6ZLWFK8WLOLW\VFUHHQVHH)LJXUH\RXFDQFKRRVHD
IDVWVDIHWDNHVORQJHUWKDQIDVWRUPRGHUDWHEHWZHHQIDVWDQGVDIHLPDJH
WUDQVLWLRQVSHHG
)LJXUH6HDPOHVV6ZLWFK8WLOLW\6FUHHQ
$QLPPHGLDWHVZLWFKZLWKRXWFKHFNLQJWKHUHVROXWLRQ+RZHYHUWKHLPDJHWUDQVLWLRQPD\DSSHDUXQVWDEOH $VPRRWKLPDJHWUDQVLWLRQWKHLQSXWUHVROXWLRQDWWKHLQSXWLVFKHFNHGDQGRXWSXWWHGDIWHUDIHZVHFRQGVGHOD\ 2SHUDWLQJWKH6HDPOHVV6ZLWFKHU6FDOHU
&KRRVLQJWKH26'8WLOLW\6HWWLQJV
)URPWKH26'6HWWLQJ8WLOLW\VFUHHQVHH)LJXUH\RXFDQVHWWKH26'
SRVLWLRQWLPHRXWVL]HVHH)LJXUHVRXUFHSURPSWVHH)LJXUHDQG
FKRRVHWKHEODQNFRORUEOXHRUEODFNVHH)LJXUH
)LJXUH26'6HWWLQJ8WLOLW\6FUHHQ
)LJXUH26'6L]H8WLOLW\6FUHHQ
)LJXUH26'6RXUFH3URPSW$FWLYDWLRQ8WLOLW\6FUHHQ
:HUHFRPPHQGWKDW\RXVHWWKHVRXUFHSURPSW21ZKHQDGMXVWLQJWKHV\VWHP'XULQJDSUHVHQWDWLRQVHWWKHVRXUFHSURPSW
2))WRDYRLGWKHDSSHDUDQFHRI26'VFUHHQODEHOV .5$0(5(/(&7521,&6/7'
2SHUDWLQJWKH6HDPOHVV6ZLWFKHU6FDOHU
)LJXUH26'%ODQN&RORU8WLOLW\6FUHHQ
&KRRVLQJWKH2XWSXW8WLOLW\6HWWLQJV
)URPWKH2XWSXW6HWWLQJ8WLOLW\VFUHHQVHH)LJXUH\RXFDQVHWWKH
UHVROXWLRQVHH)LJXUHUHIUHVKUDWHVHH)LJXUHDQGDXVHUGHILQDEOH
RXWSXWPRGHVHH)LJXUHDQG7DEOH
)LJXUH2XWSXW6HWWLQJ8WLOLW\6FUHHQ
)LJXUH2XWSXW6HWWLQJ5HVROXWLRQ8WLOLW\6FUHHQ
5HFRPPHQGHGIRUDGYDQFHGXVHUVRQO\±QRQVWDQGDUGVHWWLQJVPD\QRWEHUHFRJQL]HGE\WKHGLV SOD\GHYLFH
2SHUDWLQJWKH6HDPOHVV6ZLWFKHU6FDOHU
)LJXUH2XWSXW6HWWLQJ5HIUHVK5DWH8WLOLW\6FUHHQ
)LJXUH2XWSXW6HWWLQJ8VHU0RGH6HWWLQJ8WLOLW\6FUHHQ
7DEOH8VHU0RGH6HWWLQJ'HILQLWLRQV
8VHU0RGH6HWWLQJ'HILQLWLRQV
+7 +RUL]RQWDOWRWDO
+: +RUL]RQWDOV\QFSXOVHZLGWK
+6 +RUL]RQWDODFWLYHVWDUWSRLQW
+$ +RUL]RQWDODFWLYHUHJLRQ
+3 +RUL]RQWDOSRODULW\
97 9HUWLFDOWRWDO
9: 9HUWLFDOV\QFSXOVHZLGWK
96 9HUWLFDODFWLYHVWDUWSRLQW
9$ 9HUWLFDODFWLYHUHJLRQ
93 9HUWLFDOSRODULW\
2&/. 2XWSXWFORFN
&KRRVLQJ)DFWRU\5HVHW
)URPWKH)DFWRU\5HVHW8WLOLW\VFUHHQVHH)LJXUH\RXFDQUHVHW\RXU
93'6RU93'6WRLWVSUHVHWGHIDXOWVHWWLQJ
.5$0(5(/(&7521,&6/7'
2SHUDWLQJWKH6HDPOHVV6ZLWFKHU6FDOHU
)LJXUH)DFWRU\5HVHW8WLOLW\6FUHHQ
9HULI\LQJ&RQILJXUDWLRQ'HWDLOVYLDWKH,QIRUPDWLRQ6FUHHQ
)URPWKH,QIRUPDWLRQVFUHHQVHH)LJXUH\RXFDQYHULI\WKHPDLQVRXUFH
3,3VRXUFHZKHWKHUPXWHLVDFWLYDWHGRXWSXWPRGHDVZHOODVWKHILUPZDUH
YHUVLRQQXPEHU
)LJXUH,QIRUPDWLRQ6FUHHQ
2SHUDWLQJYLDWKH,QIUDUHG5HPRWH&RQWURO7UDQVPLWWHU
<RXFDQFRQWUROWKH6HDPOHVV6ZLWFKHU6FDOHUUHPRWHO\IURPWKH,QIUDUHG
UHPRWHFRQWUROWUDQVPLWWHUZKLFK
x ,VDKDQGKHOGZLUHOHVVLQVWUXPHQWZLWKDFRQYHQLHQWNH\SDG x 5HFHLYHVLWVSRZHUIURP$$$VL]H9'&EDWWHULHV
x +DVDUDQJHRIXSWRPHWHUV
x 'HOLYHUVLQVWDQWDQHRXVUHVXOWV
)LJXUHDQG7DEOHGHILQHWKH,QIUDUHG5HPRWH&RQWURO7UDQVPLWWHU
7KHLOOXVWUDWLRQLQ)LJXUHVKRZVDQHQODUJHGYLHZRIVHSDUDWHSDUWVRIWKH,QIUD UHGUHPRWHFRQWUROWUDQVPLWWHU
2SHUDWLQJWKH6HDPOHVV6ZLWFKHU6FDOHU
)LJXUH,QIUDUHG5HPRWH&RQWURO7UDQVPLWWHU
.5$0(5(/(&7521,&6/7'
2SHUDWLQJWKH6HDPOHVV6ZLWFKHU6FDOHU
7DEOH,QIUDUHG5HPRWH&RQWURO7UDQVPLWWHU)XQFWLRQV
.H\V
287
)5((=(
32:(5
,13876(/(&725
,1)2
35(6(7326,7,21
&21752/
$872,0$*(
0(18
1$9,*$7,21&21752/
$872*$,1
6:$3
3,3
&217
%5,*+7
$8',2=220&21752/
02'(
6&$/(
)XQFWLRQ
6HOHFWVWKHRXWSXWUHVROXWLRQDQGLOOXPLQDWHVWKHDSSURSULDWH/('
3DXVHVWKHRXWSXWYLGHR
&\FOHVSRZHU
VHSDUDWHNH\VIRUVHOHFWLQJHDFKRIWKHIROORZLQJVRXUFHV$9$9
&203&RPSRQHQW<&<&9*$DQG'9,
'HILQHVWKHPDLQVRXUFH3,3VRXUFHZKHWKHUPXWHLVDFWLYDWHGRXWSXW
PRGHDVZHOODVWKHILUPZDUHYHUVLRQQXPEHU
$GMXVWVWKH]RRPSRVLWLRQRUPRYHVWKH3,3SRVLWLRQZKHQWKH6RXUFH
3URPSWLV21
$VVHVVHVWKHLPDJHDQGLPSURYHVWKHTXDOLW\DFFRUGLQJO\E\DXWRPDWLFDOO\
DGMXVWLQJWKHSKDVHIUHTXHQF\DQGSRVLWLRQ
'LVSOD\VWKH26'0HQXVFUHHQDQGORFNVXQORFNVWKHIURQWSDQHO
$OORZPDQHXYHULQJZLWKLQDQ26'VFUHHQDOONH\VDGMXVWVWKH]RRP
SRVLWLRQNH\VPRYHVWKH3,3ORFDWLRQZKHQWKH6RXUFH3URPSWLV2))
NH\VUHVL]HVWKH3,3ZKHQWKH6RXUFH3URPSWLV21NH\V
$XWRPDWLFDOO\DGMXVWVWKHEULJKWQHVVDQGFRQWUDVW
7RJJOHVEHWZHHQWKH3,3FRQWHQWDQGWKHVFUHHQVRXUFHFRQWHQW
6HOHFWVWKHSLFWXUHLQSLFWXUHIXQFWLRQDQGLOOXPLQDWHVWKH3,3/('
'LVSOD\VWKHFRQWUDVWVWDWXV
'LVSOD\VWKHEULJKWQHVVVWDWXV
$OORZYROXPHDQG]RRPFRQWURO
7RJJOHVEHWZHHQHDFKRIWKHIROORZLQJPRGHV
1RUPDO3UHVHQWDWLRQ&LQHPD1DWXUH8VHUDQG8VHU
7RJJOHVEHWZHHQHDFKRIWKHIROORZLQJ$VSHFW5DWLRV
1RUPDO:LGH6FUHHQ3DQ6FDQ2XWSXWDQG2XWSXW
3UHVVWRVHOHFWWKHVRXUFHWKH/('LOOXPLQDWHV3UHVVDJDLQWRIUHH]HWKHLPDJH WKH/('IODVKHV3UHVVRQFHDJDLQWRGLVSOD\
DEODQNVFUHHQWKH/('IODVKHVPRUHVORZO\ &RQVLVWV RI D VHW RI VHSDUDWH NH\V 6HH WKH LOOXVWUDWLRQ LQ )LJXUH ZKLFK VKRZV DQ HQODUJHG YLHZ RI WKLV SDUW RI WKH
,QIUDUHGUHPRWHFRQWUROWUDQVPLWWHU
$VPDOOUHFWDQJOHLQVLGHDWUDQVSDUHQWSRS XS26'(QODUJHVWDWXVER[DSSHDUVDWWKHWRSULJKWFRUQHURIWKHVFUHHQVKRZLQJ
WKHSRVLWLRQRIWKH]RRPZLWKLQDSLFWXUH
)RUH[DPSOHZKHQHQODUJLQJWKHGLVSOD\SUHVVWKLVE XWWRQ
WRJRWRWKHORZHUULJKWFRUQHURIWKHGLVSOD\DUHD $V)LJXUHLOOXVWUDWHV
6HHVHFWLRQ
&RQVLVWV RI D VHW RI VHSDUDWH NH\V 6HH WKH LOOXVWUDWLRQ LQ )LJXUH ZKLFK VKRZV DQ HQODUJHG YLHZ RI WKLV SDUW RI WKH
,QIUDUHGUHPRWHFRQWUROWUDQVPLWWHU
6HHVHFWLRQ
6HHVHFWLRQ
$GMXVWXVLQJWKHNH\V
6HH)LJXUH
7HFKQLFDO6SHFLILFDWLRQV
8SJUDGLQJ)LUPZDUH
7RLQVWDOOWKHODWHVW.UDPHUILUPZDUHYHUVLRQRQD 93'6RU93'6
XQLWFRQQHFWWKH&20SRUWRQ\RXU3&WRWKH56SRUWRQWKH93'6
RU93'6XQLWDVVHFWLRQGHVFULEHVDQGJRWRWKH.UDPHU:HEVLWHDW
WKLV85/KWWSZZZNUDPHUHOHFWURQLFVFRPIRUWKHODWHVWLQIRUPDWLRQ
7HFKQLFDO6SHFLILFDWLRQV
7DEOHLQFOXGHVWKHWHFKQLFDOVSHFLILFDWLRQV
7DEOH7HFKQLFDO6SHFLILFDWLRQV RIWKH93'693'6
,QSXWV
2XWSXWV
2XWSXW5HVROXWLRQV
&RQWURO
$GGLWLRQDO&RQWUROV
)LUPZDUH
+)UHTXHQF\
9)UHTXHQF\
&RPSXWHU5HVL]LQJ
5*%9LGHR6LJQDO
5*%6\QF6LJQDO
$XGLR,QSXW9ROWDJH
$XGLR2XWSXW
9ROWDJH
3OXJDQG3OD\
'HLQWHUODFLQJ
)LOPPRGHGHWHFWLRQ
3RZHU6RXUFH
'LPHQVLRQV
$FFHVVRULHV
:HLJKW
9,'(2[FRPSRVLWHYLGHR9SS:RQ5&$FRQQHFWRUV[<&V9LGHR
9SS<9SS&:RQSLQFRQQHFWRUV[&RPSRQHQW<3E&E
3U&URQ5&$FRQQHFWRUV[9*$9*$69*$;*$8;*$RQDQ+')
FRQQHFWRUDQG['9,FRQQHFWRU
$8',2[VWHUHRDXGLRRQ5&$FRQQHFWRUVIRU9,'(29,'(2DQG
&20321(17DQG[3&DXGLRRQDPPPLQLVRFNHW
9,'(2[9*$69*$;*$8;*$DGGLWLRQDOPRGHVSLZLWK
WKH93'6RQDQ+')FRQQHFWRU
$8',2[VWHUHRDXGLRRQ5&$FRQQHFWRUV
9*$[69*$[;*$[6;*$[8;*$
[[[[[[
[[[DVZHOODVDXVHUGHILQDEOHRXWSXWPRGH
7KH93'6DOVRVXSSRUWVSSDQGL
)URQWSDQHOEXWWRQV26',5UHPRWHFRQWURO56RQD'%FRQQHFWRU
'LIIHUHQWYHUWLFDOUHIUHVKUDWHV3URF$PSFRQWURORXWSXWLPDJHVFDOLQJDQG
DVSHFWUDWLRFKDQJH
)UDPHIUHH]HGLJLWDO]RRP;3,3YLGHRLQJUDSKLFVRUJUDSKLFVLQYLGHRLQ
VL]HVRIXSWRKDOIDVFUHHQORFDWHGDQ\ZKHUHRQWKHVFUHHQ)OHVKWRQH
VSHFLDOFRORUSURFHVVLQJ*DPPDVHWWLQJ
aN+]
a+]
$XWRUHVL]LQJWRSDQHOSL[HOQXPEHU
5*%9SS:
6HSDUDWH+977/FRPSRVLWHV\QFDQDORJ
a9UPV
a9UPV
''&''&%
$GDSWLYHDQGSL[HOEDVHG
SXOOGRZQUHYHUVH
9$&+]9$DXWRPDWLFSRZHUVXSSO\
³:´'8+
,5UHPRWHFRQWUROSRZHUFRUG
NJOEVDSSUR[
6SHFLILFDWLRQVDUHVXEMHFWWRFKDQJHZLWKRXWQRWLFH .5$0(5(/(&7521,&6/7'
&RPPXQLFDWLRQ3URWRFRO
&RPPXQLFDWLRQ3URWRFRO 7KH&RPSRUWVHWWLQJGHWDLOVDUH%DXG5DWH3DU LW\QRQH'DWD%LWVELWV6WRS%LWVELW6HW&760RGH
2IIDQG6HW;21;2))2II
7DEOH563URWRFRO
)LHOG
/
)LHOG
)LHOG
&RGH
/$6&,,&RGHE\WH
$6&,,VSDFHE\WH [[&RGH6WUE\WH
)LHOG
a&RGH
[[LV
VFRPSOHPHQWRI
&RGHVWUE\WH
)LHOG
[G
[GE\WH
([DPSOH0HQX2Q&RPPDQGLV/('(QWHU
7DEOH56&RPPXQLFDWLRQ&RGH
,WHP
&RGH
&RGH+H[
[
[
[
[
[
[
[
[
[$
[%
[&
['
[(
[)
[
[
[
[
[
[
[
[
[
[
[$
[%
[&
['
[(
[)
[
[
[
[
[
[
[
a&RGH+H[
[('
[(&
[(%
[($
[(
[(
[(
[(
[(
[(
[(
[(
[(
[(
[')
['(
[''
['&
['%
['$
['
['
['
['
['
['
['
['
['
['
[&)
[&(
[&'
[&&
[&%
[&$
[&
)XQFWLRQ
0HQX
9ROXPH
9ROXPH
6RXUFH
9*$
9*$
'9,
&RPSRQHQW
9LGHR
9LGHR
)UHH]H
3,3
$XWR,PDJH
$XWR*DLQ
=RRP
=RRP
0XWH
%ULJKWQHVV
&RQWUDVW
0RGH
1RUPDO
3UHVHQWDWLRQ
&LQHPD
1DWXUH
86(5
86(5
6:$3
6FDOH
1RUPDO
:LGH6FUHHQ
3DQ6FDQ
8S
'RZQ
/HIW
5LJKW
(QWHU
&RPPDQG
/('
/(&
/(%
/($
/(
/(
/(
/(
/$(
/%(
/&(
/'(
/((
/)(
/')
/'(
/''
/'&
/'%
/'$
/'
/'
/'
/'
/$'
/%'
/&'
/''
/('
/)'
/&)
/&(
/&'
/&&
/&%
/&$
/&
7KLV&RPPXQLFDWLRQ3URWRFRODOVRDSSOLHVWRWKH93'6DVZHOODVWRWKH93'6DQG93'6
&RPPXQLFDWLRQ3URWRFRO
,WHP
&RGH
&RGH+H[
[
[
[
[$
[%
[&
['
[(
[
[
[%
[%
[%
[%
[%
[%
[%
[%
[%
[%
[%$
[(
a&RGH+H[
[&
[&
[&
[&
[&
[&
[&
[&
[%
[%
[)
[(
['
[&
[%
[$
[
[
[
[
[
[&
)XQFWLRQ
&RPPDQG
6WDWXV
/&
(QWHU83
/&
&9LGHR
/&
&9LGHR
/$&
69LGHR
/%&
69LGHR
/&&
287
/'&
%ODQN
/(&
)DFWRU\5HVHW
/%
.H\/RFN
/%
3,32Q
/%)
3,32II
/%(
)UHH]H2Q
/%'
)UHH]H2II
/%&
0XWH2Q
/%%
0XWH2II
/%$
%ODQN2Q
/%
%ODQN2II
/%
.H\/RFN2Q
/%
.H\/RFN2II
/%
2XWSXW5HVROXWLRQ /%$
3,36L]H
/(&
LV5HVROXWLRQLQGH[
LV3,3VL]HLQGH[
.5$0(5(/(&7521,&6/7'
&RPPXQLFDWLRQ3URWRFRO
7DEOH565HDG&RPPDQG
&RPPDQG6HQW
6RXUFH
.($
)UHH]H
3,3
0XWH
%ODQN
.H\/RFN
2XWSXW5HVROXWLRQ
9*$'9,5HVROXWLRQ
9*$'9,5HIUHVKUDWH
9LGHR6WDQGDUG
3,36L]H
3,3+SRVLWLRQ
3,39SRVLWLRQ
.&(
.'(
.''
.(&
.%
.%$
.()
.((
.('
.(&
.(%
.($
5HWXUQ
9*$
9*$
'9,
&RPSRQHQW
&9LGHR
&9LGHR
69LGHR
69LGHR
)UHH]H2Q
)UHH]H2II
3,32Q
3,32II
0XWH2Q
0XWH2II
%ODQN2Q
%ODQN2II
.H\/RFN2Q
.H\/RFN2II
[
[
[
[
[
[L
[L
[
[
[
[
3
3
L
[
176&
3$/
[
[
[
[
[
[
[
[
[
[3
[3
[L
[3
[
[
1R6LJQDO
5HIUHVKUDWH+H[
1R6LJQDO
176&
176&
3$/
3$/1
3$/0
6(&$0
3$/
176&
1R6LJQDO
6SOLW
+SRVLWLRQ+H[
9SRVLWLRQ+H[
.(
.(
.(
.(
.&
.$&
.%&
.&&
.%'
.%&
.%)
.%(
.%%
.%$
.%
.%
.%
.%
.))
.)(
.)'
.)&
.)%
.)$
.)
.)
.)
.)
.$)
.%)
.&)
.')
.))
.)(
.)'
.)&
.)%
.)$
.)
.)
.)
.)
.$)
.%)
.&)
.')
.()
.))
.()
.((
.))
.
.))
.)(
.)'
.)&
.)%
.)$
.)
.)
.)
.))
.))
.)(
.)'
.)&
.)%
.
.
LV9DOXHLVLQYHUW
LV9DOXHLVLQYHUW
LV9DOXHLVLQYHUW
/,0,7(':$55$17<
.UDPHU (OHFWURQLFV KHUHDIWHU .UDPHU ZDUUDQWV WKLV SURGXFW IUHH IURP GHIHFWV LQ PDWHULDO DQG ZRUNPDQVKLS XQGHU WKH
IROORZLQJWHUPV
+2:/21*,67+(:$55$17<
/DERUDQGSDUWVDUHZDUUDQWHGIRUWKUHH\HDUVIURPWKHGDWHRIWKHILUVWFXVWRPHUSXUFKDVH :+2,63527(&7('"
2QO\WKHILUVWSXUFKDVHFXVWRPHUPD\HQIRUFHWKLV ZDUUDQW\
:+$7,6&29(5('$1':+$7,6127&29(5('
([FHSWDVEHORZWKLVZDUUDQW\FRYHUVDOOGHIHFWVLQPDWHULDORUZRUNPDQVKLSLQWKLVSURGXFW7KHIROORZLQJDUHQRWFRYHUHG
E\WKHZDUUDQW\
$Q\ SURGXFW ZKLFK LV QRW GLVWULEXWHG E\ .UDPHU RU ZKLFK LV QRW SXUFKDVHG IURP DQ DXWKRUL]HG .UDPHU GHDOHU ,I \RX DUH
XQFHUWDLQ DV WR ZKHWKHU D GHDOHU LV DXWKRUL]HG SOHDVH FRQWDFW .UDPHU DW RQH RI WKH DJHQWV OLVWHG LQ WKH ZHE VLWH
ZZZNUDPHUHOHFWURQLFVFRP
$Q\SURGXFWRQZKLFKWKHVHULDOQXPEHUKDVEHHQGHIDFHGPRGLILHGRUUHPRYHG
'DPDJHGHWHULRUDWLRQRUPDOIXQFWLRQUHVXOWLQJIURP
L
$FFLGHQWPLVXVHDEXVHQHJOHFWILUHZDWHUOLJKWQLQJRURWKHUDFWVRIQDWXUH
LL
3URGXFWPRGLILFDWLRQRUIDLOXUHWRIROORZLQVWUXFWLRQVVXSSOLHGZLWKWKHSURGXFW
LLL
5HSDLURUDWWHPSWHGUHSDLUE\DQ\RQHQRWDXWKRUL]HGE\.UDPHU
LY
$Q\VKLSPHQWRIWKHSURGXFWFODLPVPXVWEHSUHVHQWHGWRWKHFDUULHU
Y
5HPRYDORULQVWDOODWLRQRIWKHSURGXFW
YL
$Q\RWKHUFDXVHZKLFKGRHVQRWUHODWHWRDSURGXFWGHIHFW
YLL &DUWRQVHTXLSPHQWHQFORVXUHVFDEOHVRUDFFHVVRULHVXVHGLQFRQMXQFWLRQZLWKWKHSURGXFW
:+$7:(:,//3$<)25$1':+$7:(:,//1273$<)25
:HZLOOSD\ODERUDQGPDWHULDOH[SHQVHVIRUFRYHUHGLWHPV:HZLOOQRWSD\IRUWKHIROORZLQJ 5HPRYDORULQVWDOODWLRQVFKDUJHV
&RVWV RI LQLWLDO WHFKQLFDO DGMXVWPHQWV VHWXS LQFOXGLQJ DGMXVWPHQW RI XVHU FRQWUROV RU SURJUDPPLQJ 7KHVH FRVWV DUH WKH
UHVSRQVLELOLW\RIWKH.UDPHUGHDOHUIURPZKRPWKHSURGXFWZDVSXUFKDVHG
6KLSSLQJFKDUJHV
+2:<28&$1*(7:$55$17<6(59,&(
7RREWDLQVHUYLFHRQ\RXSURGXFW\RXPXVWWDNHRUVKLSLWSUHSDLGWRDQ\DXWKRUL]HG.UDPHUVHUYLFHFHQWHU
:KHQHYHUZDUUDQW\VHUYLFHLVUHTXLUHGWKHRULJLQDOGDWHGLQYRLFHRUDFRS\PXVWEHSUHVHQWHGDVSURRIRIZDUUDQW\FRYHUDJH
DQGVKRXOGEHLQFOXGHGLQDQ\VKLSPHQWRIWKHSURGXFW3OHDVHDOVRLQFOXGHLQDQ\PDLOLQJDFRQWDFWQDPHFRPSDQ\DGGUHVVDQG
DGHVFULSWLRQRIWKHSUREOHPV
)RUWKHQDPHRIWKHQHDUHVW.UDPHUDXWKRUL]HGVHUYLFHFHQWHUFRQVXOW\RXUDXWKRUL]HGGHDOHU
/,0,7$7,212),03/,(':$55$17,(6
$OOLPSOLHGZDUUDQWLHVLQFOXGLQJZDUUDQWLHVRIPHUFKDQWDELOLW\DQGILWQHVVIRUDSDUWLFXODUSXUSRVHDUHOLPLWHGLQGXUDWLRQWR
WKHOHQJWKRIWKLVZDUUDQW\
(;&/86,212)'$0$*(6
7KHOLDELOLW\RI.UDPHUIRUDQ\HIIHFWLYHSURGXFWVLVOLPLWHG WRWKHUHSDLURUUHSODFHPHQWRIWKHSURGXFWDWRXURSWLRQ.UDPHU
VKDOOQRWEHOLDEOHIRU
'DPDJHWRRWKHUSURSHUW\FDXVHGE\GHIHFWVLQWKLVSURGXFWGDPDJHVEDVHGXSRQLQFRQYHQLHQFHORVVRIXVHRIWKHSURGXFWORVV
RIWLPHFRPPHUFLDOORVVRU
$Q\RWKHUGDPDJHVZKHWKHULQFLGHQWDOFRQVHTXHQWLDORURWKHUZLVH6RPHFRXQWULHVPD\QRWDOORZOLPLWDWLRQVRQKRZORQJDQ
LPSOLHG ZDUUDQW\ ODVWV DQGRU GR QRW DOORZ WKH H[FOXVLRQ RU OLPLWDWLRQ RI LQFLGHQWDO RU FRQVHTXHQWLDO GDPDJHV VR WKH DERYH
OLPLWDWLRQVDQGH[FOXVLRQVPD\QRWDSSO\WR\RX
7KLVZDUUDQW\JLYHV\RXVSHFLILFOHJDOULJKWVDQG\RXPD\DOVRKDYHRWKHUULJKWVZKLFKYDU\IURPSODFHWRSODFH 127($OOSURGXFWVUHWXUQHGWR.UDPHUIRUVHUYLFHPXVWKDYHSULRUDSSURYDO7KLVPD\EHREWDLQHGIURP\RXUG HDOHU
7KLVHTXLSPHQWKDVEHHQWHVWHGWRGHWHUPLQHFRPSOLDQFHZLWKWKHUHTXLUHPHQWVRI (1
(OHFWURPDJQHWLFFRPSDWLELOLW\(0&
JHQHULFHPLVVLRQVWDQGDUG
3DUW5HVLGHQWLDOFRPPHUFLDODQGOLJKWLQGXVWU\ (1
(OHFWURPDJQHWLFFRPSDWLELOLW\(0&JHQHULFLPPXQLW\VWDQGDUG
3DUW5HVLGHQWLDOFRPPHUFLDODQGOLJKWLQGXVWU\HQYLURQPHQW &)5
)&&5XOHVDQG5HJXODWLRQV
3DUW³5DGLRIUHTXHQF\GHYLFHV
6XESDUW%±8QLQWHQWLRQDOUDGLDWRUV´
&$87,21
¼6HUYLFLQJWKHPDFKLQHVFDQRQO\EHGRQHE\DQDXWKRUL]HG.UDPHUWHFKQLFLDQ$Q\XVHUZKRPDNHVFKDQJHVRUPRGLILFDWLRQVWR
WKHXQLWZLWKRXWWKHH[SUHVVHGDSSURYDORIWKHPDQXIDFWXUHUZLOOYRLGXVHUDXWKRULW\WRRSHUDWHWKHHTXLSPHQW
¼8VHWKHVXSSOLHG'&SRZHUVXSSO\WRIHHGSRZHUWRWKHPDFKLQH
¼3OHDVHXVHUHFRPPHQGHGLQWHUFRQQHFWLRQFDEOHVWRFRQQHFWWKHPDFKLQHWRRWKHUFRPSRQHQWV
.5$0(5(/(&7521,&6/7'
)RUWKHODWHVWLQIRUPDWLRQRQRXUSURGXFWVDQGDOLVWRI.UDPHU
GLVWULEXWRUVYLVLWRXU:HEVLWHZZZNUDPHUHOHFWURQLFVFRP
8SGDWHVWRWKLVXVHUPDQXDOPD\EHIRXQGDW
KWWSZZZNUDPHUHOHFWURQLFVFRPPDQXDOVKWPO
:HZHOFRPH\RXUTXHVWLRQVFRPPHQWVDQGIHHGEDFN
.UDPHU(OHFWURQLFV/WG
$P9H2ODPR6WUHHW-HUXVDOHP,VUDHO7HO
)D[(PDLOLQIR#NUDPHUHOFRP
31±5(9