WLRQRUZKHQGULYLQJRQDVWHHSXSJUDGH
T 5HIULJHUDQWIRU\RXUFOLPDWHFRQWUROV\VWHP
&OLPDWHFRQWURO
RSHQIRUDIHZPLQXWHVWRDOORZRXWVLGHDLUWRFLUFXODWH
LQWRWKHKHDWHGLQWHULRU7KLVUHVXOWVLQTXLFNHUFRROLQJ
E\WKHDLUFRQGLWLRQHU.HHSWKHZLQGRZVFORVHGGXULQJ
WKHRSHUDWLRQRIWKHDLUFRQGLWLRQHUIRUPD[LPXPFRRO
LQJHIILFLHQF\
T /XEULFDWLRQRLOFLUFXODWLRQLQWKHUHIULJHUDQWFLU
FXLW
2SHUDWH WKH DLU FRQGLWLRQHU FRPSUHVVRU DW D ORZ HQ
JLQHVSHHGDWLGOHRUORZGULYLQJVSHHGVDIHZPLQ
XWHVHDFKPRQWKGXULQJWKHRIIVHDVRQWRFLUFXODWHLWV
RLO
T &KHFNLQJDLUFRQGLWLRQLQJV\VWHPEHIRUHVXP
PHUVHDVRQ
&KHFN WKH DLU FRQGLWLRQHU XQLW IRU UHIULJHUDQW OHDNV
KRVH FRQGLWLRQV DQG SURSHU RSHUDWLRQ HDFK VSULQJ
7KLVFKHFNLVEHVWSHUIRUPHGE\\RXU68%$58GHDOHU
T &RROLQJDQGGHKXPLGLI\LQJLQKLJKKXPLGLW\
DQGORZWHPSHUDWXUHZHDWKHUFRQGLWLRQ
8QGHUFHUWDLQZHDWKHUFRQGLWLRQVKLJKUHODWLYHKXPLG
LW\ ORZ WHPSHUDWXUHV HWF D VPDOO DPRXQW RI ZDWHU
YDSRU HPLVVLRQ IURP WKH DLU RXWOHWV PD\ EH QRWLFHG
7KLV FRQGLWLRQ LV QRUPDO DQG GRHV QRW LQGLFDWH DQ\
SUREOHPZLWKWKHDLUFRQGLWLRQLQJV\VWHP
$LUILOWUDWLRQV\VWHPLIHTXLSSHG
,I \RXU YHKLFOH¶V DLU FRQGLWLRQLQJ V\VWHP LV HTXLSSHG
ZLWKDRSWLRQDODLUILOWUDWLRQV\VWHPUHSODFHWKHILOWHUHO
HPHQWDFFRUGLQJWRWKHUHSODFHPHQWVFKHGXOHVKRZQ
EHORZ7KLVVFKHGXOHVKRXOGEHIROORZHGWRPDLQWDLQ
WKH ILOWHU¶V GXVW FROOHFWLRQ DELOLW\ 8QGHU H[WUHPHO\
GXVW\ FRQGLWLRQV WKH ILOWHU VKRXOG EH UHSODFHG PRUH
IUHTXHQWO\ +DYH \RXU ILOWHU FKHFNHG RU UHSODFHG E\
\RXU68%$58GHDOHU
5HSODFHPHQWVFKHGXOH
(YHU\PRQWKVRUPLOHVNPZKLFKHY
HUFRPHVILUVW
127(
7KHILOWHUFDQLQIOXHQFHWKHDLUFRQGLWLRQLQJKHDW
LQJ DQG GHIURVWHU SHUIRUPDQFH LI QRW SURSHUO\
PDLQWDLQHG
&OLPDWHFRQWURO
±&217,18('±
$XGLR
$QWHQQDV\VWHP
3LOODUPRXQWHGDQWHQQD
5RRIPRXQWHGDQWHQQD
)0UHFHSWLRQ
,QVWDOODWLRQRIDFFHVVRULHV
$XGLRVHW
7\SH$DXGLRVHW
7\SH%DXGLRVHW
,QGDVK&'DXWRFKDQJHU
2SWLRQDODXGLRXQLW±LIHTXLSSHG
$0)0UDGLRZLWK&'SOD\HU
5DGLRRSHUDWLRQ
&RPSDFWGLVFSOD\HURSHUDWLRQ
&'FKDQJHUFRQWURO,IRSWLRQDOLQGDVK&'
FKDQJHULVFRQQHFWHG
7\SH%DXGLRVHWLIHTXLSSHG
,QGDVK&'DXWRFKDQJHULIHTXLSSHG
3UHFDXWLRQVWRREVHUYHZKHQKDQGOLQJ
5DGLRRSHUDWLRQ
%XLOWLQ&'FKDQJHURSHUDWLRQ
DFRPSDFWGLVF&'
$XGLR
$XGLR$QWHQQDV\VWHP
3LOODUPRXQWHGDQWHQQD
5RRIPRXQWHGDQWHQQD
3XOOWKHDQWHQQDRXWWRH[WHQGLWWRLWVIXOOOHQJWK
UB5070BA
UB5073BA
UB5074BA
6WDQGWKHURRIDQWHQQDXSIRUXVH :KHQZRUNLQJRQWKHFDUJREHGEHFDUHIXOQRW
WRJHWSRNHGLQWKHH\HE\WKHURRIDQWHQQD
127(
y 'HWDFKWKHURRIDQWHQQDEHIRUHSXWWLQJWKHFDULQ
DJDUDJHDQGEHIRUHZDVKLQJLWLQDQDXWRPDWLFFDU
ZDVK
y $IWHU GHWDFKLQJ WKH URRI DQWHQQD NHHS WKH
PRXQWLQJKROHIUHHRIGLUWDQGGXVW,IDQ\GLUWRU
GXVWVWLFNVWRWKHKROHUHPRYHLWEHIRUHDWWDFKLQJ
WKHURRIDQWHQQD
y :KHQ GHWDFKLQJ WKH URRI DQWHQQD JUDVS DQG
WXUQWKHURRIDQWHQQDDWWKHEDVH
y 7RDYRLGGDPDJLQJWKHURRIDQWHQQDEHFDUHIXO
QRWWRRYHUWLJKWHQLWZKHQDWWDFKLQJLW
y 5DGLRUHFHSWLRQLVQRWSRVVLEOHZLWKWKHURRIDQ
WHQQDIROGHGGRZQ$OVRUHFHSWLRQGHWHULRUDWHVLI
PHWDOOLFREMHFWVDUHSODFHGQHDUWKHURRIDQWHQQD
$XGLR
)0UHFHSWLRQ
$OWKRXJK)0LVQRUPDOO\VWDWLFIUHHUHFHSWLRQFDQEH
DIIHFWHGE\WKHVXUURXQGLQJDUHDDWPRVSKHULFFRQGL
WLRQVVWDWLRQVWUHQJWKDQGWUDQVPLWWHUGLVWDQFH%XLOG
LQJVRURWKHUREVWUXFWLRQVPD\FDXVHPRPHQWDU\VWDW
LFIOXWWHURUVWDWLRQLQWHUIHUHQFH,IUHFHSWLRQFRQWLQXHV
WREHXQVDWLVIDFWRU\VZLWFKWRDVWURQJHUVWDWLRQ
±&217,18('±
$XGLR
,QVWDOODWLRQRIDFFHVVRULHV
$XGLRVHW
$OZD\VFRQVXOW\RXU68%$58GHDOHUEHIRUHLQVWDOOLQJ
D FLWL]HQ EDQG UDGLR RU RWKHU WUDQVPLWWLQJ GHYLFH LQ
\RXUYHKLFOH6XFKGHYLFHVPD\FDXVHWKHHOHFWURQLF
FRQWUROV\VWHPWRPDOIXQFWLRQLIWKH\DUHLQFRUUHFWO\LQ
VWDOOHGRULIWKH\DUHQRWVXLWHGIRUWKHYHKLFOH
7\SH$DXGLRVHW
UB5066AA
y 5DGLRRSHUDWLRQUHIHUWRSDJH
y &'FRPSDFWGLVFSOD\HURSHUDWLRQUHIHUWRSDJH
y &'FKDQJHUFRQWUROUHIHUWRSDJH
7\SH%DXGLRVHW
,QGDVK&'DXWRFKDQJHU2SWLRQDO
DXGLRXQLW±LIHTXLSSHG
$XGLR
y 5DGLRRSHUDWLRQUHIHUWRSDJH
y %XLOWLQ&'FKDQJHURSHUDWLRQUHIHUWRSDJH
UB5075AA
y ,QVHUWLQJ DQG UHPRYLQJ D GLVF RU DOO GLVFV UHIHU WR
SDJH
HS5011AA
±&217,18('±
$XGLR
$0)0UDGLRZLWK&'SOD\HU
7KHDXGLRVHWZLOORSHUDWHRQO\ZKHQWKHLJQLWLRQVZLWFKLVLQWKH³$&&´RU
³21´SRVLWLRQ
5DGLRRSHUDWLRQ
3RZHUVZLWFK9ROXPH7RQH
%DODQFH)DGHUFRQWUROGLDO
%$1'EXWWRQ
7XQLQJEXWWRQV
3UHVHWEXWWRQV
$8',2EXWWRQ
6&$1EXWWRQ
(1)
(2)
(6)
(5)
(4)
(3)
UB5067BB
T 3RZHUVZLWFKDQGYROXPHEDVVWUHEOHIDGHU
EDODQFHFRQWURO
7KH³$8',2´EXWWRQ LV XVHG IRU VHOHFWLQJ WKHIRO
ORZLQJFRQWUROPRGHV
$XGLR
V 3RZHUVZLWFKDQGYROXPHFRQWURO3:592/
7KHGLDOLVXVHGIRUERWKSRZHU212))DQGYRO
XPHFRQWURO7KHUDGLRLVWXUQHG21DQG2))E\SXVK
LQJWKHGLDODQGWKHYROXPHLVFRQWUROOHGE\WXUQLQJWKH
GLDO
V 7RQHDQGEDODQFHFRQWURO$8',2
7KHYROXPHFRQWUROGLDOQRUPDOO\IXQFWLRQVDVDYRO
XPH FRQWURO 7KLV GLDO EHFRPHV D FRQWURO IRU %DVV
7UHEOH)DGHURU%DODQFHZKHQ\RXVHOHFWWKHDSSUR
SULDWHWRQHDQGEDODQFHFRQWUROPRGH
&KRRVHGHVLUHGYROXPHOHYHOIRUHDFKPRGHE\WXUQLQJ
WKHYROXPHFRQWUROGLDO7KHFRQWUROIXQFWLRQUHWXUQVWR
YROXPHFRQWUROPRGHDIWHUDERXWVHFRQGV
7R FKDQJH FRQWURO PRGHV (DFK EULHI SUHVV RI WKH
³$8',2´EXWWRQFKDQJHVFRQWUROPRGHVLQWKHIRO
ORZLQJ VHTXHQFHVWDUWLQJIURP YROXPHFRQWURO PRGH
:KHQWKHUDGLRLVILUVWWXUQHGRQWKHFRQWUROPRGHLV
LQWKHYROXPHFRQWURO
Volume
(VOL)
Bass
(BAS)
Treble
(TRE)
Balance
(BAL)
Fader
(FAD)
±&217,18('±
$XGLR
'LVSOD\
&RQWUROPRGH
%DVVFRQWURO
7UHEOHFRQWURO
7XUQFRXQWHUFORFNZLVH
)RUOHVVEDVV
)RUOHVVWUHEOH
HS5014BA
7XUQFORFNZLVH
)RUPRUHEDVV
)RUPRUHWUHEOH
)DGHUFRQWURO
7RLQFUHDVHUHDUVSHDNHUYROXPHDQG
7RLQFUHDVHIURQWVSHDNHUYROXPHDQG
GHFUHDVHIURQWVSHDNHUYROXPH
GHFUHDVHUHDUVSHDNHUYROXPH
%DODQFHFRQWURO
7RLQFUHDVHOHIWVSHDNHUYROXPHDQG
7RLQFUHDVHULJKWVSHDNHUYROXPHDQG
GHFUHDVHULJKWVSHDNHUYROXPH
GHFUHDVHOHIWVSHDNHUYROXPH
9ROXPHFRQWURO
)RUOHVVYROXPH
)RUPRUHYROXPH
%$6
75(
)$'
%$/
92/
T :DYHEDQGVHOHFWLRQ
V )0$0VHOHFWLRQ
3XVKWKH³%$1'´EXWWRQWRVHOHFW)0)0RU$0
T 6WHUHRLQGLFDWRU
7KH VWHUHR LQGLFDWRU ³67´ ZLOO FRPH RQ ZKHQ DQ )0
T 7XQLQJ781(
V 0DQXDOWXQLQJ781(
3UHVVWKHWXQLQJEXWWRQPDUNHG³
´WRLQFUHDVH
WKH WXQLQJ IUHTXHQF\ DQG SUHVV WKH WXQLQJ EXWWRQ
PDUNHG³
(DFKWLPHWKHEXWWRQLVSUHVVHGWKHIUHTXHQF\LQWHUYDO
FDQEHFKDQJHGEHWZHHQN+]LQWKH$0PRGHDQG
0+]LQWKH)0PRGH
´WRGHFUHDVHLW
V 6HHNWXQLQJ
,IWKHWXQLQJEXWWRQLVSUHVVHGIRUORQJHUWKDQKDOI
RI D VHFRQG WKH UDGLR ZLOO EHJLQ WR DXWRPDWLFDOO\
VHDUFKIRUUHFHLYDEOHIUHTXHQFLHVDQGZLOOVWRSDWWKH
ILUVW RQH IRXQG 7KLV IXQFWLRQ PD\ QRW EH DYDLODEOH
KRZHYHUZKHQUDGLRVLJQDOVDUHZHDN,QVXFKDVLWX
DWLRQSHUIRUPPDQXDOWXQLQJWRVHOHFWWKHGHVLUHGVWD
WLRQ
$XGLR
V $XWRPDWLFWXQLQJ6&$1
3UHVVWKH³6&$1´EXWWRQWRFKDQJHWKHUDGLRWRWKH
6&$1PRGH,QWKLVPRGHWKHUDGLRVFDQVWKURXJKWKH
UDGLREDQGXQWLODVWDWLRQLVIRXQG7KHUDGLRZLOOVWRS
DWWKHVWDWLRQIRUILYHVHFRQGVZKLOHGLVSOD\LQJWKHIUH
TXHQF\DIWHUZKLFKVFDQQLQJZLOOFRQWLQXHXQWLOWKHHQ
WLUHEDQGKDVEHHQVFDQQHGIURPWKH ORZHQG WRWKH
KLJKHQG
3UHVV WKH ³6&$1´ EXWWRQ DJDLQ WR FDQFHO WKH 6&$1
T 6HOHFWLQJSUHVHWVWDWLRQV
3UHVHWWLQJ D VWDWLRQ ZLWK D ³SUHVHW EXWWRQ´ DOORZV
\RXWRVHOHFWWKDWVWDWLRQLQDVLQJOHRSHUDWLRQ8SWR
VL[$0)0DQG)0VWDWLRQVHDFKPD\EHSUHVHW
T +RZWRSUHVHWVWDWLRQV
3UHVVWKH³%$1'´EXWWRQWRVHOHFW)0)0RU
$0UHFHSWLRQ
3UHVVWKH³6&$1´EXWWRQRUWXQHWKHUDGLRPDQXDOO\
XQWLOWKHGHVLUHGVWDWLRQIUHTXHQF\LVGLVSOD\HG
3UHVV RQH RI WKH SUHVHW EXWWRQV IRU PRUH WKDQ
±&217,18('±
$XGLR
VHFRQGVWRVWRUHWKHIUHTXHQF\$WWKLVWLPHWKHUHZLOO
PRPHQWDULO\EHQRVRXQGIURPWKHUDGLR,IWKHEXWWRQ
LVSUHVVHGIRUOHVVWKDQVHFRQGVWKHSUHFHGLQJVH
OHFWLRQZLOOUHPDLQLQPHPRU\
127(
y ,IWKHFRQQHFWLRQEHWZHHQWKHUDGLRDQGEDWWHU\
LVEURNHQIRUDQ\UHDVRQVXFKDVYHKLFOHPDLQWH
QDQFHRUUDGLRUHPRYDODOOVWDWLRQVVWRUHGLQWKH
SUHVHWEXWWRQVDUHFOHDUHG,IWKLVRFFXUVLWLVQHF
HVVDU\WRUHVHWWKHSUHVHWEXWWRQV
y ,IDPRELOHWHOHSKRQHLVSODFHGQHDUWKHUDGLRLW
PD\FDXVHWKHUDGLRWRHPLWQRLVHZKHQLWUHFHLYHV
FDOOV7KLVQRLVHGRHVQRWLQGLFDWHDUDGLRIDXOW
&RPSDFWGLVFSOD\HURSHUDWLRQ
$XGLR
'LVFVORW
&'EXWWRQ
(MHFWEXWWRQ
)DVWIRUZDUGDQGWUDFNXSEXWWRQ
)DVWUHYHUVHDQGWUDFNGRZQ
(7)
(8)
(9)
EXWWRQ
5DQGRPEXWWRQ
5HSHDWEXWWRQ
6FDQEXWWRQ
3:5SRZHUVZLWFK
(14) (15)
(13)
(12)
(11)
(10)
UB5067CB
±&217,18('±
$XGLR
T 7RSOD\EDFNDFRPSDFWGLVF
GLVF
V :KHQ&'LVQRWLQWKHSOD\HU
+ROGDGLVFZLWKDILQJHULQWKHFHQWHUKROHZKLOHJULS
SLQJ WKHHGJHRIWKHGLVF WKHQLQVHUW LW LQ WR WKH VORW
ZLWKWKHODEHOVLGHXSDQGWKHSOD\HUZLOODXWRPDWLFDO
O\SXOOWKHGLVFLQWRSRVLWLRQ
$FPLQFK&'PD\DOVREHXVHGZLWKRXWDQ\DGDSW
HU
127(
y '2127,16(577:2',6&6,1727+(',6&,1
6(57,216/27$7$7,0(
y %H VXUH WR DOZD\V LQVHUW D GLVF ZLWK WKH ODEHO
VLGH XS ,I D GLVF LV LQVHUWHG ZLWK WKH ODEHO VLGH
GRZQLWPLJKWEHHMHFWHGRUWKHSOD\HUPLJKWVKXW
RII
y $IWHUWKHODVWVRQJILQLVKHVWKHSOD\HUZLOODXWR
PDWLFDOO\ UHWXUQ WR WUDFN WKH ILUVW VRQJ RQ WKH
GLVF
V :KHQ&'LVLQWKHSOD\HU
:KHQWKH³&'´EXWWRQLVSUHVVHGWKHSOD\HUZLOO
VWDUWSOD\EDFN
127(
$IWHU WKH ODVW VRQJ ILQLVKHV WKH SOD\HU ZLOO DXWR
PDWLFDOO\ UHWXUQ WR WUDFN WKH ILUVW VRQJ RQ WKH
T 7RVWRSSOD\EDFNRID&'
:KHQWKH³3:5´EXWWRQLVSUHVVHGGXULQJSOD\
EDFNRID&'WKH&'VWRSVSOD\LQJWHPSRUDULO\7ROHW
WKH&'UHVXPHSOD\LQJSUHVVWKHEXWWRQDJDLQ
T 7RVHOHFWDVRQJIURPLWVEHJLQQLQJ
V )RUZDUGGLUHFWLRQ
%ULHIO\SUHVVWKH³
´EXWWRQWRVNLSWRWKHEH
JLQQLQJ RI WKH QH[W WUDFN (DFK WLPH WKH EXWWRQ LV
SUHVVHGWKHLQGLFDWHGWUDFNQXPEHUZLOOLQFUHDVH
V %DFNZDUGGLUHFWLRQ
%ULHIO\SUHVVWKH³
´EXWWRQWRVNLSWRWKHEH
JLQQLQJ RI WKH FXUUHQW WUDFN (DFK WLPH WKH EXWWRQ LV
SUHVVHGWKHLQGLFDWHGWUDFNQXPEHUZLOOGHFUHDVH
T )DVWIRUZDUGLQJDQGIDVWUHYHUVH
V )DVWIRUZDUG
3UHVV WKH ³
WKDQVHFRQGWRIDVWIRUZDUGWKHGLVF
5HOHDVHWKHEXWWRQWRVWRSIDVWIRUZDUGLQJ
´ EXWWRQ FRQWLQXRXVO\ IRU PRUH
V )DVWUHYHUVH
3UHVV WKH ³
WKDQVHFRQGWRIDVWUHYHUVHWKHGLVF
´ EXWWRQ FRQWLQXRXVO\ IRU PRUH
5HOHDVHWKHEXWWRQWRVWRSIDVWUHYHUVH
T 5HSHDWSOD\EDFN
8VH WKLV WR SOD\ D FHUWDLQ WUDFN UHSHDWHGO\ 'XULQJ
SOD\EDFNSUHVVWKH³537´EXWWRQDQGUHOHDVHLWLQ
OHVVWKDQVHFRQGV7KH³537´LQGLFDWRUZLOOFRPHRQ
DQG WKH VRQJ ZLOO EH SOD\HG FRQWLQXRXVO\ 7R FDQFHO
WKH UHSHDW PRGH SUHVV WKH EXWWRQ DJDLQ 7KHQ WKH
³537´LQGLFDWRUJRHVRXWDQGQRUPDOSOD\EDFNPRGH
LVUHVWRUHG
T 5DQGRPSOD\EDFN
8VHWKLVWRSOD\WKHWUDFNVRQWKHGLVFLQUDQGRPRUGHU
'XULQJ SOD\EDFN SUHVV WKH ³5$1'´ EXWWRQ DQG
KROGLWLQIRUPRUHWKDQVHFRQGV7KH³5$1'´LQGLFD
WRU ZLOO FRPH RQ DQG DOO VRQJV RQ WKH GLVF ZLOO EH
SOD\HGLQDUDQGRPRUGHU
7RFDQFHOWKHUDQGRPPRGHSUHVVWKHEXWWRQDJDLQ
7KHQWKH³5$1'´LQGLFDWRUJRHVRXWDQGQRUPDOSOD\
EDFNPRGHLVUHVWRUHG
T 6FDQ
3UHVV WKH ³6&$1´ EXWWRQ DQG UHOHDVH LW LQ OHVV
WKDQVHFRQGVDQG\RXFDQKHDUWKHILUVWVHFRQGV
RI HDFK WUDFN WR VHDFK IRU WKH GHVLUHG SURJUDP 7R
FRQWLQXH OLVWHQLQJ WR WKH SURJUDP SUHVV WKH ³6&$1´
EXWWRQ DJDLQ $IWHU DOO WUDFNV RQ WKH GLVF KDV EHHQ
VFDQQHGQRUPDOSOD\EDFNPRGHLVUHVWRUHG
$XGLR
T 7RHMHFWDGLVFIURPWKHSOD\HU
:KHQDGLVFLVEHLQJSOD\HGEDFNRUZKHQDGLVFLVLQ
WKHSOD\HUSUHVVWKHHMHFWEXWWRQ³
´7KHGLVF
ZLOOEHHMHFWHG
7KH GLVF PD\ EH UHPRYHG HYHQ ZKHQ WKH LJQLWLRQ
VZLWFKLVLQWKH³/2&.´SRVLWLRQ
127(
y $YRLGGULYLQJWKHYHKLFOHZLWKD&'VWLFNLQJRXW
EHFDXVHYLEUDWLRQPLJKWPDNHLWIDOORXW
y 7R SURWHFW WKH GLVF WKH GLVF LV DXWRPDWLFDOO\
ORDGHGLILWLVOHIWLQWKHHMHFWHGSRVLWLRQIRUPRUH
WKDQDSSUR[LPDWHO\VHFRQGV$XWR5HORDG,Q
WKLVFDVHWKHGLVFLVQRWSOD\HG
&'FKDQJHUFRQWURO,IRSWLRQDOLQGDVK
&'FKDQJHULVFRQQHFWHG
$QRSWLRQDO&'FKDQJHUFDQEHFRQQHFWHGWRWKLVDX
GLRXQLW6HH\RXU68%$58GHDOHUIRUPRUHLQIRUPD
WLRQ )RU SURFHGXUHV IRU ORDGLQJ DQG XQORDGLQJ &'V
UHIHU WR ³,QGDVK &' DXWR FKDQJHU 2SWLRQDO DXGLR
XQLW±LIHTXLSSHG´LQWKLVFKDSWHU
±&217,18('±
&'EXWWRQ
7UDFNVHOHFWLRQEXWWRQV
5$1'5DQGRPEXWWRQ
5375HSHDWEXWWRQ
6&$1EXWWRQ
(16)
(20)
(19)
(18)
(17)
UB5067DB
$XGLR
T 7RVWDUWSOD\EDFN
3UHVV WKH ³&'´ EXWWRQ 7KH ³&'´ LQGLFDWRU ZLOO
FRPHRQDQGWKHGLVFQXPEHUZLOODSSHDURQWKHGLV
SOD\DQGWKH&'FKDQJHUZLOOVWDUWSOD\EDFN
127(
y ,I WKH ³&'´ EXWWRQ LV SUHVVHG GXULQJ D UDGLR
EURDGFDVW WKH &' FKDQJHU ZLOO LQWHUUXSW WKH
EURDGFDVW
y $W WKH HQG RI WKH GLVF SOD\EDFN DXWRPDWLFDOO\
FRQWLQXHVZLWKWKHQH[WGLVF
y $IWHUSOD\EDFNRQWKHODVWGLVFILQLVKHVWKHSOD\
HUZLOODXWRPDWLFDOO\UHWXUQWRWKHILUVWGLVF
y ,I\RXKDYHORDGHGIHZHUWKDQGLVFVDQ\PLVV
LQJGLVFLVDXWRPDWLFDOO\VNLSSHG
T 6HOHFWLRQRIDGHVLUHGGLVF
'LVFVFDQQRWEHVHOHFWHGXVLQJWKHPDLQDXGLRXQLW7R
VHOHFW D GLVF SUHVV RQH RI WKH ³'LVF VHOHFW´ EXWWRQV
WKHVHDUHQXPEHUHGIURPWRRQWKH&'FKDQJHU
XQLW7KHGLVFZLOOEHJLQWRSOD\
T 7RVHOHFWDVRQJIURPLWVEHJLQQLQJ
%ULHIO\SUHVVWKH³
JLQQLQJRIWKHQH[WWUDFNDQGEULHIO\SUHVVWKH³
EXWWRQWRVNLSWRWKHEHJLQQLQJRIWKHFXUUHQWWUDFN
´EXWWRQWRVNLSWRWKHEH
´
$XGLR
´ EXWWRQ FRQWLQXRXVO\ IRU PRUH
T )DVWIRUZDUGLQJDQGIDVWUHYHUVH
3UHVV WKH ³
WKDQDKDOIVHFRQGWRIDVWIRUZDUGWKHGLVF
3UHVVWKH³
KDOIVHFRQGWRIDVWUHYHUVHWKHGLVF
5HOHDVHWKHEXWWRQWRVWRSIDVWIRUZDUGLQJRUIDVWUH
YHUVH
´EXWWRQFRQWLQXRXVO\IRUPRUHWKDQD
T 5HSHDW
3UHVVWKH³537´EXWWRQZKLOHDVRQJLVSOD\LQJWR
SOD\ WKH VRQJ UHSHDWHGO\ 7KH ³537´ LQGLFDWRU ZLOO
FRPHRQDQGWKHVRQJZLOOEHSOD\HGFRQWLQXRXVO\7R
FDQFHOWKHUHSHDWPRGHSUHVVWKHEXWWRQDJDLQ7KHQ
WKH ³537´ LQGLFDWRU JRHV RXW DQG QRUPDO SOD\EDFN
PRGHLVUHVWRUHG
T 5DQGRPSOD\EDFN
3UHVV WKH ³5$1'´ EXWWRQ ZKLOH D GLVF LV EHLQJ
SOD\HGEDFNWRSOD\DOOVRQJVRQWKHGLVFLQDUDQGRP
RUGHU 7KH ³5$1'´ LQGLFDWRU ZLOO FRPH RQ DQG DOO
VRQJVRQWKHGLVFZLOOEHSOD\HGLQDUDQGRPRUGHU
7RFDQFHOWKHUDQGRPPRGHSUHVVWKHEXWWRQDJDLQ
7KHQWKH³5$1'´LQGLFDWRUJRHVRXWDQGQRUPDOSOD\
EDFNPRGHLVUHVWRUHG
T 6FDQDFRQYHQLHQWZD\WREHFRPHIDPLOLDUZLWK
DGLVF
3UHVVWKH³6&$1´EXWWRQ
±&217,18('±
$XGLR
± 7KHGLVSOD\VKRZV³6&$1´DQGWKHWUDFNQXPEHU
EHLQJVFDQQHG
± 3UHVV WKH ³6&$1´ EXWWRQ DJDLQ ZKHQ \RX KHDU D
WUDFN\RXOLNH
± 1RUPDOSOD\EDFNUHVXPHV
T 7RVWRSSOD\EDFN
7RVWRSSOD\EDFNDQGVZLWFKRYHUWRWKHUDGLRPRGH
SUHVVWKH³%$1'´EXWWRQ
7\SH%DXGLRVHWLIHTXLSSHG
7KHUDGLRZLOORSHUDWHRQO\ZKHQWKHLJQLWLRQVZLWFKLVLQWKH³$&&´RU³21´
SRVLWLRQ
5DGLRRSHUDWLRQ
(1)
(2)
(3)
(4)
(5)
$XGLR
3RZHUVZLWFK9ROXPHFRQWURO
%DVV0LGGOH7UHEOHFRQWURODQG
)DGHU%DODQFHFRQWUROGLDO
$8',2DXGLRPRGHEXWWRQ
)DGHU%DODQFHVHOHFWLRQEXWWRQ
)0EXWWRQ
$0EXWWRQ
3UHVHWEXWWRQV
7XQLQJEXWWRQV
6&$1EXWWRQ
(8)
(7)
(6)
UB5072BB
±&217,18('±
$XGLR
T 3RZHUVZLWFKDQGYROXPHEDVVWUHEOHIDGHU
EDODQFHFRQWURO3:592/
7KHGLDOLVXVHGIRUERWKSRZHU212))DQGYRO
XPHFRQWURO7KHUDGLRLVWXUQHG21DQG2))E\SXVK
LQJWKHGLDODQGWKHYROXPHLVFRQWUROOHGE\WXUQLQJWKH
GLDO
7KLVGLDOLVXVHGIRUEDVVPLGGOHWUHEOHFRQWUROVZKHQ
WKH³$8',2´EXWWRQLVLQWKHGHSUHVVHGSRVLWLRQ,W
LVDOVRXVHGIRUIDGHUEDODQFHFRQWUROVZKHQWKH³%$/´
EXWWRQLVLQWKHGHSUHVVHGSRVLWLRQ
'LVSOD\
&RQWUROPRGH
$XGLR
%$66
%DVVFRQWURO
)RUOHVVEDVV
7XUQFRXQWHUFORFNZLVH
HS5014BA
7XUQFORFNZLVH
)RUPRUHEDVV
0,''/(
0LGGOHQRWHFRQWURO
)RUOHVVPLGGOHQRWH
)RUPRUHPLGGOHQRWH
75(%/(
7UHEOHFRQWURO
)RUOHVVWUHEOH
)RUPRUHWUHEOH
)$'(5
)DGHUFRQWURO
7RLQFUHDVHUHDUVSHDNHUYROXPHDQG
7RLQFUHDVHIURQWVSHDNHUYROXPHDQG
GHFUHDVHIURQWVSHDNHUYROXPH
GHFUHDVHUHDUVSHDNHUYROXPH
%$/$1&(
%DODQFHFRQWURO
7RLQFUHDVHOHIWVSHDNHUYROXPHDQG
7RLQFUHDVHULJKWVSHDNHUYROXPHDQG
GHFUHDVHULJKWVSHDNHUYROXPH
GHFUHDVHOHIWVSHDNHUYROXPH
92/80(
9ROXPHFRQWURO
)RUOHVVYROXPH
)RUPRUHYROXPH
±&217,18('±
$XGLR
V 7RQHFRQWURO
7KH YROXPH FRQWURO GLDO QRUPDOO\ IXQFWLRQ DV YRO
XPHFRQWURO7KHGLDOEHFRPHDFRQWUROIRU%DVV0LG
GOH QRWH RU 7UHEOH ZKHQ \RX VHOHFW WKH DSSURSULDWH
WRQHFRQWUROPRGH
&KRRVHGHVLUHGOHYHOIRUHDFKPRGHE\WXUQLQJWKHYRO
XPH FRQWURO GLDO 7KH FRQWURO IXQFWLRQ UHWXUQV WR YRO
XPHFRQWUROPRGHDIWHUDERXWVHFRQGV
7R FKDQJH FRQWURO PRGHV (DFK EULHI SUHVV RI WKH
³$8',2´EXWWRQFKDQJHVFRQWUROPRGHVLQWKHIRO
ORZLQJ VHTXHQFH VWDUWLQJ IURP EDVV FRQWURO PRGH
:KHQWKHUDGLRLVILUVWWXUQHGRQWKHFRQWUROPRGHLV
LQWKHYROXPHFRQWURO
Bass
(BASS)
Middle
(MIDDLE)
Treble
(TREBLE)
Volume
(VOLUME)
V )DGHUDQGEDODQFHFRQWURO
7KH YROXPH FRQWURO GLDO QRUPDOO\ IXQFWLRQ DV YRO
XPHFRQWURO7KHGLDOEHFRPHWKHFRQWUROVIRU)DGHURU
%DODQFH ZKHQ \RX VHOHFW WKH DSSURSULDWH IDGHU DQG
EDODQFHFRQWUROPRGH
&KRRVHGHVLUHGVHWWLQJIRUHDFKPRGHE\WXUQLQJWKH
YROXPHFRQWUROGLDO7KHFRQWUROIXQFWLRQUHWXUQVWRYRO
XPHFRQWUROPRGHDIWHUDERXWVHFRQGV
7R FKDQJH FRQWURO PRGHV (DFK EULHI SUHVV RI WKH
³%$/´EXWWRQFKDQJHVFRQWUROPRGHVLQWKHIROORZ
LQJVHTXHQFHVWDUWLQJIURPIDGHUFRQWUROPRGH:KHQ
WKHUDGLRLVWXUQHGRQWKHFRQWUROPRGHLVLQWKHYRO
XPHFRQWURO
Fader
(FADER)
Balance
(BALANCE)
Volume
(VOLUME)
V 'LVSOD\LOOXPLQDWLRQGLPQHVVFDQFHOODWLRQ
%5,*+7
´ RU ³
7KHEULJKWQHVVRIWKHUDGLRGLVSOD\GLPVZKHQWKHOLJKW
VZLWFK LV LQ WKH ³
´ SRVLWLRQV ,I WKLV
PDNHVWKH GLVSOD\GLIILFXOWWRUHDGSUHVVWKHYROXPH
GLDOIRUPRUHWKDQVHFRQGVWRUHWXUQWKHGLVSOD\WR
RULJLQDOEULJKWQHVV
6XEVHTXHQWO\SUHVVLQJWKHYROXPHGLDODJDLQIRUPRUH
WKDQVHFRQGVRULI\RXFDQVDIHO\GRVRWXUQLQJWKH
OLJKW VZLWFK WR WKH 2)) SRVLWLRQ DQG EDFN WR WKH
³
´ SRVLWLRQ PDNHV WKH UDGLR GLVSOD\
GLPDJDLQ
´ RU ³
T )0$0VHOHFWLRQEXWWRQ
V )0EXWWRQ
3UHVVWKH³)0´EXWWRQIRU)0UHFHSWLRQ7KHUDGLR
ZLOOWRJJOHEHWZHHQ)0DQG)0VHWWLQJVHDFKWLPH
WKH³)0´EXWWRQLVVXEVHTXHQWO\SUHVVHG
V $0EXWWRQ
3UHVVWKH³$0´EXWWRQIRU$0UHFHSWLRQ
T 6WHUHRLQGLFDWRU
7KH VWHUHR LQGLFDWRU ³67´ ZLOO FRPH RQ ZKHQ DQ )0
T 0DQXDOWXQLQJ781(
V 0DQXDOWXQLQJIRU$0DQG)0
´WRGHFUHDVHLW
V 6HHNWXQLQJ
,IWKHWXQLQJEXWWRQLVSUHVVHGIRUORQJHUWKDQKDOI
RI D VHFRQG WKH UDGLR ZLOO EHJLQ WR DXWRPDWLFDOO\
VHDUFKIRUUHFHLYDEOHIUHTXHQFLHVDQGZLOOVWRSDWWKH
ILUVW RQH IRXQG 7KLV IXQFWLRQ PD\ QRW EH DYDLODEOH
KRZHYHUZKHQUDGLRVLJQDOVDUHZHDN,QVXFKDVLWX
DWLRQSHUIRUPPDQXDOWXQLQJWRVHOHFWWKHGHVLUHGVWD
WLRQ
$XGLR
T $XWRPDWLFWXQLQJ6&$1
3UHVVWKH³6&$1´EXWWRQWRFKDQJHWKHUDGLRWRWKH
6&$1PRGH,QWKLVPRGHWKHUDGLRVFDQVWKURXJKWKH
UDGLREDQGXQWLODVWDWLRQLVIRXQG7KHUDGLRZLOOVWRS
DWWKHVWDWLRQIRUILYHVHFRQGVZKLOHGLVSOD\LQJWKHIUH
TXHQF\DIWHUZKLFKVFDQQLQJZLOOFRQWLQXHXQWLOWKHHQ
WLUHEDQGKDVEHHQVFDQQHGIURPWKH ORZHQG WRWKH
KLJKHQG
3UHVV WKH ³6&$1´ EXWWRQ DJDLQ WR FDQFHO WKH 6&$1
T 6HOHFWLQJSUHVHWVWDWLRQV
3UHVHWWLQJDVWDWLRQZLWKDSUHVHWEXWWRQDOORZV\RX
WR VHOHFW WKDW VWDWLRQ LQ D VLQJOH RSHUDWLRQ 8S WR VL[
$0)0DQG)0VWDWLRQVHDFKPD\EHSUHVHW
T +RZWRSUHVHWVWDWLRQV
3UHVVWKH ³)0$0´VHOHFWLRQEXWWRQWR VHOHFW$0
)0RU)0UHFHSWLRQ
3UHVVWKH³6&$1´EXWWRQRUWXQHWKHUDGLRPDQ
XDOO\XQWLOWKHGHVLUHGVWDWLRQIUHTXHQF\LVGLVSOD\HG
3UHVVRQHRIWKHSUHVHWEXWWRQVIRUDWOHDVW
±&217,18('±
$XGLR
VHFRQGVWRVWRUHWKHIUHTXHQF\7KHIUHTXHQF\RIWKH
VWDWLRQZLOOIODVKRQFHRQWKHGLVSOD\DWWKLVWLPH,IWKH
EXWWRQLVSUHVVHGIRUOHVVWKDQVHFRQGVWKHSUH
FHGLQJVHOHFWLRQZLOOUHPDLQLQPHPRU\
127(
y ,IWKHFRQQHFWLRQEHWZHHQWKHUDGLRDQGEDWWHU\
LVEURNHQIRUDQ\UHDVRQVXFKDVYHKLFOHPDLQWH
QDQFHRUUDGLRUHPRYDODOOVWDWLRQVVWRUHGLQWKH
SUHVHWEXWWRQVDUHFOHDUHG,IWKLVRFFXUVLWLVQHF
HVVDU\WRUHVHWWKHSUHVHWEXWWRQV
y ,IDPRELOHWHOHSKRQHLVSODFHGQHDUWKHUDGLRLW
PD\FDXVHWKHUDGLRWRHPLWQRLVHZKHQLWUHFHLYHV
FDOOV7KLVQRLVHGRHVQRWLQGLFDWHDUDGLRIDXOW
%XLOWLQ&'FKDQJHURSHUDWLRQ
(9)
(9)
(10)
(10)
(11)
(11)
(12)
(12)
(13)
(13)
(14)
(14)
(17)
(17)
(16)
(16)
(15)
(15)
UB5072CB
UB5072CB
$XGLR
(MHFWEXWWRQ
'LVFVORW
&'&'SOD\HUVHOHFWLRQEXWWRQ
5HSHDWEXWWRQ
5DQGRPEXWWRQ
/2$'EXWWRQ
'LVFVHOHFWEXWWRQV
7UDFNVHOHFWLRQEXWWRQV
6&$1EXWWRQ
±&217,18('±
$XGLR
127(
0DNH VXUH WR DOZD\V LQVHUW D GLVF ZLWK WKH ODEHO
VLGH XS ,I D GLVF LV LQVHUWHG ZLWK WKH ODEHO VLGH
GRZQLWPLJKWEHHMHFWHGRUWKHSOD\HUPLJKWVKXW
RII
T +RZWRLQVHUWD&'V
V ,QVHUWLQJD&'
3UHVV ³/2$'´ EXWWRQ ,I WKH PDJD]LQH LQ WKH
SOD\HUKDVDQLGOHSRVLWLRQZKHUH\RXFDQLQVHUWDGLVF
WKH³',6&´LQGLFDWRUDVVRFLDWHGZLWKWKHLGOHSRVLWLRQ
ZLOOEOLQN
,IQRLQGLFDWRUEOLQNVLWPHDQVWKDWWKHUHLVQRLGOHSR
VLWLRQLQWKHPDJD]LQH
$VVRRQDVWKH³',6&´LQGLFDWRUEHJLQVWREOLQNWKH
³,1´ZLOODSSHDURQGLVSOD\IRUDSHULRGRIVHFRQGV
,QVHUWDGLVFGXULQJWKHSHULRG 7KHGLVFZLOO EHWKHQ
DXWRPDWLFDOO\ GUDZQ LQ DQG WKH SOD\HU ZLOO EHJLQ WR
SOD\EDFNWKHILUVWQXPEHURIWKHGLVF
y 7RLQVHUWPRUHGLVFVLQVXFFHVVLRQUHSHDW6WHSV
DQG7KHPDJD]LQHZLOOEHORDGHGZLWKGLVFVLQWKH
DVFHQGLQJRUGHURISRVLWLRQQXPEHU
,I\RXGRQRWLQVHUWDQ\GLVFLQVHFRQGVDIWHU\RX
KDYHSUHVVHGWKH³/2$'´EXWWRQWKHSOD\HUZLOOEHJLQ
WRSOD\EDFNWKHILUVWQXPEHURIWKHODVWGLVF\RXKDYH
LQVHUWHG
y 7KH GLVF LQGLFDWRU VWHDGLO\ OLJKWV XS LI D GLVF LV DO
UHDG\ LQVHUWHG LQ WKH FRUUHVSRQGLQJ SRVLWLRQ RI WKH
PDJD]LQH
y :KLOHWKHSOD\HULVLQWKHORDGLQJPRGHLI\RXSUHVV
WKH³)0´VHOHFWLRQEXWWRQRU³$0´VHOHFWLRQEXWWRQ
WKHSOD\HUZLOOHQWHUWKHVWDQGE\PRGH3UHVVWKH
³&'´EXWWRQWRVWDUWSOD\EDFN
V ,QVHUWLQJDGLVFLQDGHVLUHGSRVLWLRQ
3UHVV WKH ³/2$'´ EXWWRQ ,I WKH PDJD]LQH LQ WKH
SOD\HUKDVDQLGOHSRVLWLRQZKHUH\RXFDQLQVHUWDGLVF
WKH³',6&´LQGLFDWRUDVVRFLDWHGZLWKWKHLGOHSRVLWLRQ
ZLOOEOLQN
7KHSRVLWLRQVLQWKH PDJD]LQH WKHLQGLFDWRU RIZKLFK
VWHDGLO\OLJKWVXSDUHDOUHDG\ORDGHGZLWKGLVFV
3UHVV WKH GLVF VHOHFW EXWWRQ DW WKH SRVLWLRQ
ZKHUH \RX ZDQW WR LQVHUW D GLVF 7KH DVVRFLDWHG
³',6&´ LQGLFDWRU ZLOO EOLQN DQG WKH ³,1´ ZLOO EH GLV
SOD\HG
,I \RX LQVHUW D GLVF GXULQJ WKH VHFRQG SHULRG
ZKLOHWKH³,1´LVRQGLVSOD\WKHGLVFZLOOEHDXWRPDWL
FDOO\GUDZQLQDQGWKHSOD\HUZLOOVWDUWSOD\EDFNRIWKH
GLVFEHJLQQLQJZLWKWKHILUVWQXPEHU
y 7RLQVHUWPRUHGLVFVLQVXFFHVVLRQUHSHDW6WHSV
DQG
y :KLOHWKHSOD\HULVLQWKHORDGLQJPRGHLI\RXSUHVV
WKH³)0´VHOHFWLRQEXWWRQRU³$0´VHOHFWLRQEXWWRQ
WKHSOD\HUZLOOHQWHUVWDQGE\PRGH3UHVVWKH³&'´
EXWWRQWRVWDUWSOD\EDFN
V /RDGLQJDOOWKHPDJD]LQH)XOOGLVFORDGLQJ
PRGH
,I\RXFRQWLQXHWRSUHVVWKH³/2$'´EXWWRQIRUPRUH
WKDQVHFRQGVWKHSOD\HUZLOOSURGXFHEHHSVRXQG
DQGZLOOHQWHUWKHIXOOGLVFORDGLQJPRGH
$³',6&´LQGLFDWRUZLOOEOLQNDQGWKH³,1´ZLOOEHRQ
GLVSOD\IRUDSHULRGRIVHFRQGV,IDGLVFLVVXFFHVV
IXOO\ORDGHGGXULQJWKLVSHULRGWKH³',6&´LQGLFDWRUZLOO
VWRSEOLQNLQJDQGZLOOVWHDGLO\OLJKW
:KHQ WKH ORDGLQJ RI D GLVF LV FRPSOHWH WKH QH[W
³',6&´LQGLFDWRUZLOOEOLQN7KHQUHSHDW6WHS
:KHQWKHPDJD]LQHLVILOOHGZLWKGLVFVE\UHSHDWLQJ
6WHSV DQG WKH SOD\HU ZLOO VWDUW SOD\EDFN RI WKH
GLVFVEHJLQQLQJZLWKWKHRQHLQVHUWHGILUVW
,I\RXIDLOWRLQVHUWDQ\GLVFGXULQJHDFKVHFRQGLQ
WHUYDOWKHIXOOGLVFORDGLQJPRGHZLOOEHFDQFHOHGDQG
WKHSOD\HUZLOOVWDUWSOD\EDFNRIWKHGLVFLQVHUWHGILUVW
T +RZWRSOD\EDFND&'RUPDNHDSDXVH
V :KHQWKHUHLVQR&'LQVHUWHG
,QVHUWD&'E\UHIHUULQJWR³+RZWRLQVHUWD&'V´
:KHQD&'LVORDGHGWKHSOD\HUZLOOVWDUWSOD\EDFNRI
WKH&'EHJLQQLQJZLWKWKHILUVWQXPEHU
$XGLR
V :KHQWKHUHDUH&'VORDGHG
3UHVVDGHVLUHGRQHRIWKHGLVFVHOHFWEXWWRQVWKH
³',6&´LQGLFDWRURIZKLFKVWHDGLO\OLJKWVXS7KHSOD\HU
ZLOOWKHQVWDUWSOD\EDFNRIWKHVHOHFWHG&'EHJLQQLQJ
ZLWKWKHILUVWQXPEHU
T 7RVHOHFWDVRQJIURPLWVEHJLQQLQJ
V )RUZDUGGLUHFWLRQ
´EXWWRQWRVNLSWRWKHEHJLQ
%ULHIO\SUHVVWKH³
QLQJRIWKHQH[WWUDFN(DFKWLPHWKHEXWWRQLVSUHVVHG
WKHLQGLFDWHGWUDFNQXPEHUZLOOLQFUHDVH
V %DFNZDUGGLUHFWLRQ
%ULHIO\SUHVVWKH³
´EXWWRQWRVNLSWRWKHEHJLQ
QLQJ RI WKH FXUUHQW WUDFN (DFK WLPH WKH EXWWRQ LV
SUHVVHGWKHLQGLFDWHGWUDFNQXPEHUZLOOGHFUHDVH
T )DVWIRUZDUGLQJDQGIDVWUHYHUVH
V )DVWIRUZDUGLQJ
3UHVVWKH³
VHFRQGWRIDVWIRUZDUGWKHGLVF
5HOHDVHWKHEXWWRQWRVWRSIDVWIRUZDUGLQJ
´EXWWRQFRQWLQXRXVO\IRUPRUHWKDQ
V )DVWUHYHUVH
3UHVVWKH³
VHFRQGWRIDVWUHYHUVHWKHGLVF
5HOHDVHWKHEXWWRQWRVWRSIDVWUHYHUVH
´EXWWRQFRQWLQXRXVO\IRUPRUHWKDQ
±&217,18('±
$XGLR
T 5HSHDWSOD\EDFN
3UHVVWKH³537´EXWWRQZKLOHDVRQJLVSOD\LQJWR
SOD\ WKH VRQJ UHSHDWHGO\ 7KH ³537´ LQGLFDWRU ZLOO
FRPHRQDQGWKHVRQJZLOOEHSOD\HGFRQWLQXRXVO\7R
FDQFHOWKHUHSHDWPRGHSUHVVWKHEXWWRQDJDLQ7KHQ
WKH ³537´ LQGLFDWRU JRHV RXW DQG QRUPDO SOD\EDFN
PRGHLVUHVWRUHG
T 5DQGRPSOD\EDFN
3UHVV WKH ³5$1'´ EXWWRQ ZKLOH D GLVF LV EHLQJ
SOD\HGEDFNWRSOD\DOOVRQJVRQWKHGLVFLQDUDQGRP
RUGHU 7KH ³5$1'´ LQGLFDWRU ZLOO FRPH RQ DQG DOO
VRQJVRQWKHGLVFZLOOEHSOD\HGLQDUDQGRPRUGHU
7RFDQFHOWKHUDQGRPPRGHSUHVVWKHEXWWRQDJDLQ
7KHQWKH³5$1'´LQGLFDWRUJRHVRXWDQGQRUPDOSOD\
EDFNPRGHLVUHVWRUHG
T 6FDQ
:KHQWKH³6&$1´EXWWRQLVSUHVVHGZKLOHWKHGLVF
LVEHLQJSOD\HGEDFN\RXFDQKHDUWKHILUVWVHFRQGV
RI HDFK WUDFN WR VHDFK IRU WKH GHVLUHG SURJUDP 7R
FRQWLQXH OLVWHQLQJ WR WKH SURJUDP SUHVV WKH ³6&$1´
EXWWRQ DJDLQ $IWHU DOO WUDFNV RQ WKH GLVF KDYH EHHQ
VFDQQHGQRUPDOSOD\EDFNPRGHLVUHVWRUHG
T +RZWRXQORDG&'VIURPWKHSOD\HU
V (MHFWLQJD&'IURPWKHSOD\HU
2IWKHGLVFVORDGHG\RXFDQVHOHFWDQGUHPRYHRQO\
RQHGLVF
3UHVVWKHGLVFVHOHFWEXWWRQRIWKHGLVFZKRVH
³',6&´LQGLFDWRULV21
3UHVVWKHHMHFWEXWWRQ7KHQWKH³',6&´LQGLFD
WRU DVVRFLDWHG ZLWK WKH GLVF \RX KDYH VHOHFWHG ZLOO
EOLQNDQGWKHGLVFZLOOEHHMHFWHG
7RUHPRYHPRUHGLVFVLQVXFFHVVLRQUHSHDW6WHSV
DQG
V (MHFWLQJDOOGLVFVIURPWKHSOD\HU$OOGLVFHMHF
WLRQPRGH
,I \RX FRQWLQXH WR SUHVV WKH HMHFW EXWWRQ WKH
SOD\HUZLOOSURGXFHEHHS VRXQGDQGZLOOHQWHUWKHDOO
GLVFHMHFWLRQPRGH
5HPRYHWKHGLVFWKDWKDVEHHQHMHFWHG7KHRWKHU
GLVFVORDGHGZLOOWKHQEHHMHFWHGRQHDIWHUDQRWKHU,I
\RXGRQRWUHPRYHWKHGLVFWKDWKDVEHHQHMHFWHGWKH
³$OOGLVFHMHFWLRQPRGH´ZLOOEHFDQFHOHG
127(
$YRLG GULYLQJ WKH YHKLFOH ZLWK D &' VWLFNLQJ RXW
EHFDXVHYLEUDWLRQPLJKWPDNHLWIDOORXW
,QGDVK&'DXWRFKDQJHULIHTXLSSHG
(1)
(2)
$XGLR
'LVFVORW
'LVFLQGLFDWRUVGLVF1RWR
'LVFVHOHFWEXWWRQVGLVF1RWR
(MHFWEXWWRQ
(4)
(3)
HS5016BB
±&217,18('±
$XGLR
PDUN
LGHQWLILHG E\
y 'R QRW DWWHPSW WR LQVHUW WZR RU PRUH GLVFV
LQWRWKHVORWDWDWLPH'RLQJVRFDQFDXVHPH
FKDQLFDOGDPDJHWRWKH&'FKDQJHU
y 8VH RQO\ PXVLF &'V
y 'R QRW XVH &'V OLVWHG EHORZ ZKLFK FRXOG
FDXVHGDPDJHWRWKH&'SOD\HU
y LQFKFPFRPSDFWGLVF
y $Q\GLVFZLWKDSHHORIIRUVHDORQLW
y $Q\GLVFZLWKVFUDWFKHVDQGRUGXVW
y %HQWGLVF
y &OHDQLQJGLVF
y &' DFFHVVRU\ (J LQFK FP GLVF
DGDSWHU
y 'R QRW LQVHUW RU UHPRYH DQ\ GLVF ZKHQ WKH
DXWRPDWLFWUDQVPLVVLRQVHOHFWRUOHYHULVLQWKH
SDUNSRVLWLRQWKHVHOHFWRUOHYHULQWKDWSRVLWLRQ
FDQ LQWHUIHUH ZLWK GLVF LQVHUWLRQ RU UHPRYDO
FDXVLQJ VFUDWFKHV RQ WKH GLVF VXUIDFH IRU $7
T 7RLQVHUWDGLVF
3UHVVRQHRIWKHGLVFVHOHFWEXWWRQVQXPEHUHG
IURP WR IRU ZKLFK WKH GLVF LQGLFDWRU OLJKW LV
³2))´
7KHGLVFLQGLFDWRUOLJKWVDUHORFDWHGGLUHFWO\DERYHWKH
FRUUHVSRQGLQJGLVFVHOHFWEXWWRQV
7KH LQGLFDWRU ZLOO EHJLQ EOLQNLQJ 7KH EOLQNLQJ ZLOO
ODVWIRUVHFRQGV
'XULQJWKLVSHULRGLQVHUWDGHVLUHGGLVFDQGWKHGLVF
ZLOOEHJLQWRSOD\,IDQ\GLVFLVQRWLQVHUWHGGXULQJWKLV
SHULRGWKH³'LVFVORW´GRRUZLOOFORVH5HSHDWVWHS
%H VXUH WR KROG D GLVF ZLWK WKH ODEHO VLGH WKH VLGH
ZKHUHWLWOHVDUHSULQWHGXS
7RLQVHUWDQRWKHUGLVFUHSHDWVWHSDQGFKRRV
LQJDGLIIHUHQWGLVFVHOHFWEXWWRQ
T 7RLQVHUWVL[GLVFVDWDWLPH
3UHVVDQGKROGWKHGLVFVHOHFWEXWWRQQXPEHUXQ
WLO DOO GLVF LQGLFDWRUV EHJLQ EOLQNLQJ DERXW VHF
RQGV
7KHLQGLFDWRUVZLOOEOLQNIRUVHFRQGV'XULQJWKLV
SHULRGLQVHUWGHVLUHGVL[GLVFV
:KHQDOOGLVFVDUHORDGHGWKHILUVWGLVFZLOOEHJLQWR
SOD\,IQRGLVFLVLQVHUWHGZLWKLQWKLVVHFRQGVWKH
HQWLUHGLVFORDGVHTXHQFHZLOOEHFDQFHOHG
T 7RUHPRYHDGLVF
3UHVVWKHGHVLUHGRQHRIWKHGLVFVHOHFWEXWWRQV
QXPEHUHG IURP WR IRU ZKLFK WKH GLVF LQGLFDWRU
OLJKWLVRQ
3UHVVWKHHMHFWEXWWRQ7KHVHOHFWHGGLVFZLOOEH
HMHFWHGDQGWKHLQGLFDWRUOLJKWZLOOEHJLQEOLQNLQJ
7R UHPRYH DQRWKHU GLVF UHSHDW VWHS DQG
FKRRVLQJDGLIIHUHQWGLVFVHOHFWEXWWRQ
7R UHPRYH GLVFV ZKHQ WKH LJQLWLRQ VZLWFK LV LQ WKH
³/RFN´ SRVLWLRQ SUHVV WKH HMHFW EXWWRQ DQG WKH ILUVW
GLVFZLOOEHHMHFWHG3UHVVWKHHMHFWEXWWRQDJDLQDQG
WKHQH[WGLVFZLOOEHHMHFWHGDQGVRRQ$WWKLVWLPHWKH
GLVFVHOHFWEXWWRQVDUHGLVDEOHG
T 7RUHPRYHDOOGLVFVDWRQHWLPH
3UHVVDQGKROGWKHHMHFWEXWWRQXQWLODOO³'LVF´LQ
GLFDWRUV EHJLQ EOLQNLQJ DERXW VHFRQGV DQG WKH
ILUVWGLVFZLOOEHHMHFWHG
:KHQ WKH GLVF LV UHPRYHG WKH QH[W RQH ZLOO EH
HMHFWHGDQGVRRQ
T 7RUHSODFHDSOD\LQJGLVFZLWKDQRWKHU
6LPSO\SUHVVWKHGHVLUHGRQHRIGLVFVHOHFWEXWWRQV
QXPEHUHG IURP WR RU SUHVV WKH ³',6& 83´ RU
³',6& '2:1´ EXWWRQ RQ WKH UDGLR XQLW WR VHOHFW WKH
GHVLUHGGLVFDQGWKHGLVFZLOOEHJLQWRSOD\
T 'LVFLQGLFDWRUV
/LWZKHQWKHFRUUHVSRQGLQJVWRUDJHWUD\LVRFFXSLHG
E\DGLVF
%OLQNLQJ 'LVF SOD\HU LV HLWKHU LQ ORDGLQJ HMHFW RU
FKDQJLQJPRGH
$XGLR
2))1RGLVFLVORDGHGRUWKHLJQLWLRQVZLWFKLVLQWKH
³/2&.´SRVLWLRQ
T )XQFWLRQFRQWURO
5HIHUWR&'SOD\HUFRQWURORSHUDWLQJLQVWUXFWLRQVGH
VFULEHGLQWKH³$0)0UDGLRZLWK&'SOD\HU´VHFWLRQ
±&217,18('±
y 7RUHPRYHDGLVFIURPWKHFDVHSUHVVWKHFHQWHURI
WKHFDVHDQGKROGERWKHGJHVRIWKHGLVF,IWKHGLVF
VXUIDFHLVWRXFKHGGLUHFWO\FRQWDPLQDWLRQFRXOGFDXVH
SRRUWRQHTXDOLW\'RQRWWRXFKWKHGLVFVXUIDFH
y 8VHDFOHDQGLVFZKHQHYHUSRVVLEOH,IWKHUHDUHGH
SRVLWVZLSHWKHGLVFVXUIDFHIURPWKHFHQWHURXWZDUG
ZLWKDGU\VRIWFORWK%HVXUHQRWWRXVHDKDUGFORWK
WKLQQHUEHQ]HQHDOFRKROHWF
y 'RQRWXVHDQ\GLVFWKDWLVVFUDWFKHGGHIRUPHGRU
FUDFNHG$OVRGRQRWXVHDQ\GLVFWKDWKDVDQRQVWDQ
GDUGVKDSHIRUH[DPSOHDKHDUWVKDSH0DOIXQFWLRQV
RUSUREOHPVPLJKWUHVXOW
y $GLVFLVYXOQHUDEOHWRKHDW1HYHUNHHSLWHLWKHULQ
SODFHVH[SRVHGWR GLUHFW VXQOLJKW QHDU KHDWHUV RU LQ
YHKLFOHVSDUNHGLQWKHVXQRUKRWGD\V
$XGLR
3UHFDXWLRQVWRREVHUYHZKHQKDQ
GOLQJDFRPSDFWGLVF&'
8VH RQO\ FRPSDFW GLVFV &'V WKDW KDYH WKH PDUN
VKRZQ EHORZ &'5:V FDQQRW EH XVHG $OVR VRPH
&'5VFDQQRWEHSOD\HG
HS5017AA
y ,Q FROG DQGRU UDLQ\ ZHDWKHU GHZ FDQ IRUP LQVLGH
WKH &' SOD\HU SUHYHQWLQJ QRUPDO RSHUDWLRQ ,I WKLV
KDSSHQV HMHFWWKH &'DQGZDLWIRU WKHSOD\HUWRGU\
RXW
y 6NLSSLQJPD\RFFXUZKHQWKH&'SOD\HULVVXEMHFW
HGWRVHYHUHYLEUDWLRQIRUH[DPSOHZKHQWKHYHKLFOH
LVGULYHQRQDURXJKVXUIDFH
$XGLR
±&217,18('±
HS5018BA
,QWHULRUDQGH[WHULRUHTXLSPHQWV
,QWHULRUOLJKW
'RPHOLJKW
0DSOLJKW
6XQYLVRUV
9DQLW\PLUURULIHTXLSSHG
6WRUDJHFRPSDUWPHQW
*ORYHER[
&HQWHUFRQVROH
5HDUFHQWHUFRQVROH
&RLQFRPSDUWPHQW
&XSKROGHU
)URQWFXSKROGHU
5HDUSDVVHQJHU¶VFXSKROGHU
&LJDUHWWHOLJKWHUVRFNHW
8VHZLWKDFLJDUHWWHOLJKWHU
8VLQJDVDQDFFHVVRU\SRZHURXWOHW
$VKWUD\
&RQYHQLHQFHKRRN
&RDWKRRN
&DUJRQHWKRRNV
)ORRUPDWLIHTXLSSHG
&DUJREHG
&DUJRWLHGRZQKRRNV
%HGH[WHQGHULIHTXLSSHG
2SHUDWLRQ
%HGH[WHQGHUUHPRYDO
&DUJRODPS
%HGFRYHULIHTXLSSHG
6HFXULQJWKHFRYHU
&RYHUUHPRYDO
&RYHUUHLQVWDOODWLRQ
5RRIUDLODQGFURVVEDU
,QVWDOOLQJFDUU\LQJDWWDFKPHQWVRQ
WKHFURVVEDUV
5HPRYDODQGLQVWDOODWLRQRIWKHFURVVEDUV
6SRUWDFWLYLW\OLJKWVLIHTXLSSHG
:KHQOHDYLQJ\RXUYHKLFOHPDNHVXUHWKHOLJKWJRHV
RXWWRDYRLGEDWWHU\GLVFKDUJH
,QWHULRUDQGH[WHULRUHTXLSPHQWV
,QWHULRUDQGH[WHULRUHTXLSPHQWV
,QWHULRUOLJKW
'RPHOLJKW
ON
DOOR
OFF
HS6025BB
7KHGRPHOLJKWVZLWFKKDVWKUHHSRVLWLRQV
217KHOLJKWVWD\VRQFRQWLQXRXVO\
'225PLGGOHSRVLWLRQ7KHOLJKWFRPHV RQZKHQ
DQ\RIWKHGRRUVLVRSHQ7KHOLJKWUHPDLQVRQIRUVHY
HUDOVHFRQGVDQGJUDGXDOO\JRHVRXWDIWHUDOOGRRUVDUH
FORVHG
7KHOLJKWDOVRFDQEHWXUQHGRQE\XVHRIWKHNH\OHVV
HQWU\WUDQVPLWWHU6HHWKH³5HPRWHNH\OHVVHQWU\V\V
WHPLIHTXLSSHG´LQFKDSWHUIRUGHWDLOHGLQIRUPDWLRQ
2))7KHOLJKWVWD\VRII
0DSOLJKW
6XQYLVRUV
,QWHULRUDQGH[WHULRUHTXLSPHQWV
UG6021CB
UB7001BA
6ZLWFKHV
0DSOLJKWV
7RWXUQRQWKHPDSOLJKWSXVKWKHVZLWFK7RWXUQLWRII
SXVKWKHVZLWFKDJDLQ
:KHQOHDYLQJWKHYHKLFOHPDNHVXUHWKHOLJKWLVWXUQHG
RIIWRDYRLGEDWWHU\GLVFKDUJH
7REORFNRXWJODUHVZLQJGRZQWKHYLVRUV7RXVHWKH
VXQYLVRUDWDVLGHZLQGRZVZLQJLWGRZQDQGPRYHLW
VLGHZD\V
±&217,18('±
,QWHULRUDQGH[WHULRUHTXLSPHQWV
9DQLW\PLUURULIHTXLSSHG
6WRUDJHFRPSDUWPHQW
y $OZD\V NHHS
WKH VWRUDJH FRPSDUWPHQW
FORVHGZKLOHGULYLQJWRUHGXFHWKHULVNRILQMXU\
LQWKHHYHQWRIVXGGHQVWRSVRUDQDFFLGHQW
y 'R QRW VWRUH VSUD\ FDQV FRQWDLQHUV ZLWK
IODPPDEOH RU FRUURVLYH OLTXLGV RU DQ\ RWKHU
GDQJHURXVLWHPVLQWKHVWRUDJHFRPSDUWPHQW
UB6017AA
7RXVHWKHYDQLW\PLUURUVZLQJGRZQWKHVXQYLVRUDQG
RSHQWKHYDQLW\PLUURUFRYHU
7KHOLJKWEHVLGHWKHYDQLW\PLUURUFRPHVRQZKHQWKH
LJQLWLRQVZLWFKLVHLWKHULQWKH³$&&´RU³21´SRVLWLRQ
DQGWKHPLUURUFRYHULVRSHQHG
*ORYHER[
&HQWHUFRQVROH
,QWHULRUDQGH[WHULRUHTXLSPHQWV
HS6030BB
/RFN
8QORFN
7R RSHQ WKH JORYH ER[ SXOO WKH KDQGOH 7R FORVH LW
SXVKWKHOLGILUPO\XSZDUG
7RORFNWKHJORYHER[LQVHUWWKHNH\DQGWXUQLWFORFN
ZLVH
7RRSHQWKHOLGSXOOXSWKHORFNUHOHDVH
UB6022BA
±&217,18('±
,QWHULRUDQGH[WHULRUHTXLSPHQWV
5HDUFHQWHUFRQVROH
&RLQFRPSDUWPHQW
7RRSHQWKHOLGSXVKWKHEXWWRQ
7RRSHQWKHFRLQFRPSDUWPHQWSXOOWKHXSSHUHGJHRI
WKHOLG
UB6028BA
HS6055BA
&XSKROGHU
)URQWFXSKROGHU
,QWHULRUDQGH[WHULRUHTXLSPHQWV
y 'RQRWSLFNXSDFXSIURPWKHFXSKROGHURU
SXWDFXSLQWKHKROGHUZKLOH\RXDUHGULYLQJDV
WKLVPD\GLVWUDFW\RXDQGOHDGWRDQDFFLGHQW
y 7DNH FDUH WR DYRLG VSLOOV %HYHUDJHV LI KRW
PLJKW EXUQ \RX RU \RXU SDVVHQJHUV 6SLOOHG
EHYHUDJHV PD\ DOVR GDPDJH XSKROVWHU\ FDU
SHWVRUDXGLRHTXLSPHQW
$GXDOFXSKROGHULVEXLOWLQWKHFHQWHUFRQVROHEHVLGH
WKHSDUNLQJEUDNHOHYHU
UB6030BA
±&217,18('±
,QWHULRUDQGH[WHULRUHTXLSPHQWV
5HDUSDVVHQJHU¶VFXSKROGHU
&LJDUHWWHOLJKWHUVRFNHW
y 7KH HOHFWULFDO SRZHU VRFNHW ORFDWHG RQ WKH
ORZHUSDUWRIWKHLQVWUXPHQWSDQHOLVRULJLQDOO\
GHVLJQHG WR XVH D 68%$58 JHQXLQH FLJDUHWWH
OLJKWHUSOXJ'RQRWXVHQRQJHQXLQHFLJDUHWWH
OLJKWHUSOXJVLQWKHVRFNHW'RLQJVRPD\FDXVH
D VKRUWFLUFXLW DQG RYHUKHDWLQJ UHVXOWLQJ LQ D
ILUH
y ,IWKHVRFNHWLVHYHUXVHGIRUDSOXJLQDFFHV
VRU\VXFKDVDPRELOHSKRQHWKH\PD\GDPDJH
WKHSRUWLRQRIWKHVRFNHW¶VLQWHUQDOPHFKDQLVP
WKDWFDXVHVDFLJDUHWWHOLJKWHUSOXJWR³SRSRXW´
DIWHULWVOLJKWHUHOHPHQWLVKHDWHG7KHUHIRUHGR
QRW SODFH D FLJDUHWWH OLJKWHU SOXJ LQ D VRFNHW
WKDWKDVEHHQXVHGHYHQRQFHWRSRZHUDSOXJ
LQDFFHVVRU\'RLQJVRPD\FDXVHWKHSOXJWR
VWLFNDQGRYHUKHDWFUHDWLQJDSRWHQWLDOILUHKD]
DUG
y 'RQRWSODFHDQ\ IRUHLJQREMHFWV HVSHFLDOO\
PHWDORQHVVXFKDVFRLQVRUDOXPLQXPIRLOLQWR
WKHVRFNHW7KDWFRXOGFDXVHDVKRUWFLUFXLW
$GXDOFXSKROGHULVEXLOWLQWKHUHDUFHQWHUFRQVROH
UB6029BA
,QWHULRUDQGH[WHULRUHTXLSPHQWV
WKHKHDWLQJHOHPHQW
'R QRW KROG WKH OLJKWHU SXVKHG LQ EHFDXVH LW
ZLOORYHUKHDW
UB6011BA
7KHHOHFWULFDOSRZHUVRFNHWORFDWHGRQWKHORZHUSDUW
RIWKHLQVWUXPHQWSDQHOFDQEHXVHGDVFLJDUHWWHOLJKW
HUVRFNHW$FLJDUHWWHOLJKWHUSOXJLVDQRSWLRQDODFFHV
VRU\,WLVDYDLODEOHIURP\RXU68%$58GHDOHU
7KH FLJDUHWWH OLJKWHU VRFNHW PD\ DOVR EH XVHG DV D
SRZHUVRXUFHIRUDQLQFDUXVHHOHFWULFDODSSOLDQFH
8VHZLWKDFLJDUHWWHOLJKWHU
7RDYRLGEHLQJEXUQHGQHYHUJUDVSWKHOLJKWHU
E\WKHHQGZLWKWKHKHDWLQJHOHPHQW'RLQJVR
FRXOG UHVXOW LQ LQMXU\ DQG FRXOG DOVR GDPDJH
UB6011DA
7KH FLJDUHWWH OLJKWHU RSHUDWHV RQO\ ZKHQ WKH LJQLWLRQ
VZLWFKLVLQWKH³21´DQG³$&&´SRVLWLRQV
7RXVHWKHFLJDUHWWHOLJKWHUSXVKLQWKHNQREDQGZDLW
D IHZ PRPHQWV ,W ZLOO DXWRPDWLFDOO\ VSULQJ XS ZKHQ
UHDG\IRUXVH
±&217,18('±
DQGRSHUDWLQJWKHDFFHOHUDWRUDQGEUDNHSHGDOV
,I WKH\ GR GR QRW XVH WKH HOHFWULFDO DSSOLDQFH
ZKLOHGULYLQJ
,IWKHVRFNHWKDVEHHQXVHGIRUHOHFWULFDODSSOLDQFHV
GDPDJHPD\KDYHEHHQGRQHWRWKHLQWHUQDOPHFKD
QLVPWKDWFDXVHDFLJDUHWWHOLJKWHUWR³SRSRXW´DIWHULWV
HOHPHQWKDVEHHQKHDWHG)RUWKDWUHDVRQDFLJDUHWWH
OLJKWHUHYHQLILWLVDJHQXLQHSDUWVKRXOGQRWEHXVHG
LQWKHVRFNHW,I\RXZDQWWRXVHWKHVRFNHWIRUDFLJD
UHWWHOLJKWHUDJDLQRUWRSURWHFW\RXUSXUFKDVHUEHIRUH
\RXVHOO\RXUFDUKDYH\RXU68%$58GHDOHUUHSODFH
WKHVRFNHWZLWKDQHZRQH
,QWHULRUDQGH[WHULRUHTXLSPHQWV
8VLQJDVDQDFFHVVRU\SRZHURXWOHW
(OHFWULFDOSRZHU9'&IURPWKHEDWWHU\LVRQWDSDW
WKH VRFNHW ZKHQ WKH LJQLWLRQ VZLWFK LV HLWKHU LQ WKH
³$&&´RU³21´SRVLWLRQ
,I \RX XVH WKH VRFNHW DV DQ DFFHVVRU\ SRZHU RXWOHW
WDNHWKHIROORZLQJSUHFDXWLRQV
:KHQWKHVRFNHWLVQRWLQXVHDOZD\VSXWWKHFDSRQ
WKHVRFNHWWRSUHYHQWDQ\IRUHLJQREMHFWIURPHQWHULQJ
LW
y 8VH RQO\ LQFDU XVH HOHFWULFDO DSSOLDQFHV
ZKLFKDUHGHVLJQHGIRU9'&DQGZKLFKFRQ
VXPH OHVV WKDQ : 2YHUORDGLQJ WKH VRFNHW
FDQ FDXVH D VKRUW FLUFXLW 'R QRW XVH GRXEOH
DGDSWHUVRUPRUHWKDQRQHHOHFWULFDODSSOLDQFH
y ,IWKHSOXJRQ\RXUHOHFWULFDSSOLDQFHLVHLWKHU
WRRORRVHRUWRRWLJKWIRUWKHVRFNHWWKLVFDQUH
VXOWLQDSRRUFRQWDFWRUFDXVHWKHSOXJWRJHW
VWXFN2QO\XVHSOXJVWKDWILWSURSHUO\
y 8VHRIDQHOHFWULFDSSOLDQFHLQWKHVRFNHWIRU
D ORQJ SHULRG RI WLPH ZKLOH WKH HQJLQH LV QRW
UXQQLQJFDQFDXVHEDWWHU\GLVFKDUJH
y %HIRUH GULYLQJ \RXU YHKLFOH PDNH VXUH WKDW
WKHSOXJDQGWKHFRUGRQ\RXUHOHFWULFDODSSOL
DQFHZLOOQRWLQWHUIHUHZLWK\RXUVKLIWLQJJHDUV
$VKWUD\
RXWZKLOHSXVKLQJWKHLQQHUSODWHGRZQ
,QWHULRUDQGH[WHULRUHTXLSPHQWV
'R QRW XVH DVKWUD\V DV ZDVWH UHFHSWDFOHV RU
OHDYH D OLJKWHG FLJDUHWWH LQ DQ DVKWUD\ 7KLV
FRXOGFDXVHDILUH
)XOO\FORVHWKHDVKWUD\DIWHUXVLQJLWWRKHOSUHGXFHUH
VLGXDOVPRNH
7RRSHQWKHDVKWUD\SXOOWKHOLGRXW
7RUHPRYHWKHDVKWUD\IRUFOHDQLQJRSHQLWDQGSXOOLW
UB6011CA
±&217,18('±
,QWHULRUDQGH[WHULRUHTXLSPHQWV
&RQYHQLHQFHKRRN
&RDWKRRN
KDQGJULS
&DUJRQHWKRRNV
1HYHU KDQJ DQ\WKLQJ RQ WKH FRDW KRRN WKDW
PLJKW REVWUXFW WKH GULYHU¶V YLHZ RU WKDW FRXOG
FDXVHLQMXU\LQVXGGHQVWRSVRULQDFROOLVLRQ
$QG GR QRW KDQJ LWHPV RQ WKH FRDW KRRN WKDW
ZHLJKOEVNJRUPRUH
UB6031BA
7KH FRDW KRRN LV DWWDFKHG WR HDFK UHDU SDVVHQJHU¶V
HS6040BA
,QWHULRUDQGH[WHULRUHTXLSPHQWV
$IWHUUHWXUQLQJWKHVHDWEDFNWRLWVRULJLQDOSRVL
WLRQPDNHVXUHWKDWWKHUHDUVHDWEDFNKDVEHHQ
VHFXUHO\ORFNHG:KHQVHFXUHO\ORFNHGWKHUHG
PDUNVRQWKHORFNLQJNQREVDUHQRORQJHUYLVL
EOH
±&217,18('±
UB6054BA
7KHUH DUH IRXU KRRNV RQ WKH EDFN SDQHO EHKLQG WKH
UHDUVHDWEDFN
7KHVHKRRNVFDQEHXVHGIRULQVWDOOLQJDFDUJRQHWVR
WKDWVPDOODQGOLJKWLWHPVFDQEHKHOGQH[WWRWKHEDFN
SDQHOZKHQWKHUHDUVHDWEDFNLVLQWKHGRZQSRVLWLRQ
)ROGWKHUHDUVHDWEDFNIRUZDUGE\SXOOLQJWKHUHOHDVH
NQREXSIRUDFFHVVWRWKHKRRNV
7KHUHDUHWZRKRRNVRQWKHEDFNRIWKHUHDUVHDWEDFN
8VLQJWKHVHKRRNVDQGWKHWZRKRRNVDWWKHERWWRPRI
WKHEDFNSDQHOLWLVSRVVLEOHWRXVHDFDUJRQHWWRUH
WDLQOXJJDJHRQWKHIROGHGGRZQUHDUVHDWEDFN
,QWHULRUDQGH[WHULRUHTXLSPHQWV
)ORRUPDWLIHTXLSSHG
0DNHVXUHWKHGULYHU¶VIORRUPDWLVSODFHGEDFN
LQLWVSURSHUORFDWLRQDQGFRUUHFWO\VHFXUHGRQ
LWV UHWDLQLQJ SLQ ,I WKH IORRU PDW VOLSV IRUZDUG
DQGLQWHUIHUHVZLWKWKHPRYHPHQWRIWKHSHGDOV
GXULQJGULYLQJLWFRXOGFDXVHDQDFFLGHQW
HS6039BA
HS6038BA
$UHWDLQLQJSLQLVORFDWHGRQWKHGULYHU¶VVLGHRIWKHYH
KLFOH7KHIORRUPDWLVVHFXUHGXVLQJWKHEXLOWLQJURP
PHWE\SODFLQJWKHJURPPHWRYHUWKHSLQDQGSXVKLQJ
GRZQZDUG
&DUJREHG
WR VXIIHU VHULRXV LQMXU\ RU GHDWK LQ D VXGGHQ
EUDNLQJRULQDFROOLVLRQ
,QWHULRUDQGH[WHULRUHTXLSPHQWV
UB1149BA
y 1HYHU ILOO JDVROLQH FRQWDLQHUV RQ WKH FDUJR
EHG6WDWLFHOHFWULFLW\PD\LJQLWHJDVROLQHYDSRU
ZKHQ ILOOLQJ SRUWDEOH FRQWDLQHUV $SSURYHG
FRQWDLQHUV PXVW EH UHPRYHG IURP WKH YHKLFOH
DQGSODFHGRQWKHJURXQGZKHQILOOLQJ
'RQRWILOODQ\SRUWDEOHFRQWDLQHURQDYHKLFOH
y 1HYHUDOORZDQ\RQHWRULGHLQWKHFDUJREHG
,WLVQRWGHVLJQHGIRUSDVVHQJHUV7KH\VKRXOG
ULGH LQ WKH VHDWV ZLWK WKH VHDW EHOWV VHFXUHO\
IDVWHQHG2WKHUZLVHWKH\DUHPXFKPRUHOLNHO\
y 'RQRWH[FHHGWKHFDUJRORDGUDWLQJRI\RXU
YHKLFOH 5HIHU WR WKH ³/RDGLQJ \RXU YHKLFOH´
VHFWLRQLQ&KDSWHU
y %H VXUH FDUJR LV VHFXUHG SURSHUO\ 8QVH
FXUHG FDUJR LQ WKH FDUJR EHG FDQ EH WKURZQ
DURXQGGXULQJVXGGHQEUDNLQJLQDVKDUSWXUQ
RU GXULQJ UDSLG DFFHOHUDWLRQ ZKLFK FRXOG FUH
DWHDGDQJHURXVURDGKD]DUG
y 7RDYRLGFUHDWLQJDGDQJHURXVURDGKD]DUGRU
FDXVLQJ SHUVRQDO LQMXU\ FDUJR PXVW QRW VWLFN
RXWEH\RQGWKHWDLOJDWH
y 1HYHUGULYHWKHYHKLFOHZLWKWKHWDLOJDWHRSHQ
XQOHVV WKH RSWLRQDO 68%$58 %HG ([WHQGHU LV
XVHG
&DUJRVKRXOGEHSODFHGLQWKHFDUJREHG0DNHVXUH
DOOLWHPVDUHVHFXUHGLQSODFH
%HFDUHIXOWRNHHSWKHYHKLFOHEDODQFHG/RFDWLQJWKH
ZHLJKWDVORZDQGIDUIRUZDUGDVSRVVLEOHKHOSVPDLQ
WDLQEDODQFH
7KHUH DUHWZRZDWHU GUDLQKROHV DWERWK VLGHV RIWKH
±&217,18('±
,QWHULRUDQGH[WHULRUHTXLSPHQWV
IURQWHQGRIWKHFDUJREHG.HHSWKRVHKROHVFOHDUDQG
IUHHIURPREVWUXFWLRQV
%HGH[WHQGHULIHTXLSSHG
&DUJRWLHGRZQKRRNV
7KHEHGH[WHQGHULVGHVLJQHGWRLQFUHDVHWKHXVDEOH
FDUJRDUHDRIWKHEHG
y :KHQWKHWDLOJDWHDQGEHGH[WHQGHUDUHLQWKH
³RSHQRXWZDUG´ SRVLWLRQ WKH
OLFHQVH SODWH
EUDFNHWPXVWEHORZHUHGDQGORFNHGLQWRSRVL
WLRQ EHIRUH WKH YHKLFOH LV GULYHQ VHH VHFWLRQ
³/LFHQVH SODWH EUDFNHW´ XQGHU WKH KHDGLQJ RI
³7DLOJDWH´LQ&KDSWHUIRUPRUHLQIRUPDWLRQRQ
WKHIXQFWLRQRIWKHOLFHQVHSODWHEUDFNHW,QRU
GHUWRDYRLGGDPDJLQJWKHOLFHQVHSODWHEUDFNHW
RU WKH EXPSHU PDNH FHUWDLQ WKDW WKH OLFHQVH
SODWH EUDFNHW LV LQ LWV IXOO\ ORZHUHGRSHQ SRVL
WLRQEHIRUHWKHWDLOJDWHLVORZHUHG
y 'RQRWH[FHHGWKHFDUJRORDGUDWLQJRI\RXU
YHKLFOH 5HIHU WR ³/RDGLQJ \RXU YHKLFOH´ VHF
WLRQLQ&KDSWHU
y /RFNLQJ EXFNOHV PXVW EH HQJDJHG LQWR WKH
WDLOJDWHODWFKZKLOHWKHYHKLFOHLVLQPRWLRQ
y :KHQWKHEHGH[WHQGHULVQRWLQXVHWKHWDLO
JDWHVKRXOGEHFORVHG
y 'RQRWXVHWKHEHGH[WHQGHURUWDLOJDWHWRVH
FXUHFDUJR
7KHFDUJREHGLVHTXLSSHGZLWKIRXUWLHGRZQKRRNVVR
WKDWFDUJRFDQEHVHFXUHGZLWKDOXJJDJHQHWRUURSHV
UB6032BA
,QWHULRUDQGH[WHULRUHTXLSPHQWV
2SHQ2XWZDUG3RVLWLRQ±7RXVHWKHEHGH[WHQGHULQ
WKHRSHQRXWZDUG SRVLWLRQVLPSO\ ORZHU\RXUOLFHQVH
SODWHEUDFNHWVHHVHFWLRQ³/LFHQVHSODWHEUDFNHW´XQ
GHUKHDGLQJRI³7DLOJDWH´LQ&KDSWHURSHQ\RXUWDLO
JDWHDQGURWDWHWKHEHGH[WHQGHUXQWLOLWVLWVRQWKHWDLO
JDWH
y 5HPRYH WKH EHG H[WHQGHU IRU YHKLFOH ³2II
5RDG´XVH
y 7RDYRLGFUHDWLQJDGDQJHURXVURDGKD]DUGRU
FDXVLQJ SHUVRQDO LQMXU\ FDUJR PXVW QRW VWLFN
RXWEH\RQGWKHEHGH[WHQGHU
y 7R DYRLG GDPDJH WKH WDLOJDWH DQG EHG H[
WHQGHUPXVWUHPDLQLQWKHFORVHGLQZDUGSRVL
WLRQZKHQWRZLQJZLWKDWUDLOHUKLWFK
y 7R DYRLG GDPDJH FOHDQ WKH EHG H[WHQGHU
RQO\ZLWKVRDSZDWHUDQGDVRIWEUXVK
2SHUDWLRQ
UB8033AA
$IWHU\RXKDYHURWDWHGWKHEHGH[WHQGHUORFNWKHEODFN
EXFNOHSLQLQWRWKHWDLOJDWHODWFKE\SXVKLQJGRZQZDUG
XQWLO \RX KHDU WZR FOLFNV 7KHQ WLJKWHQ WKH WHWKHU
VWUDSV5HSHDWWKLVSURFHVVIRUWKHRWKHUVLGH:KHQ
\RXZDQWWRUHWXUQWKHWDLOJDWHDQGWKHEHGH[WHQGHUWR
WKHFORVHGLQZDUGSRVLWLRQSXOORQWKHWDLOJDWHUHOHDVH
KDQGOHWRGLVHQJDJHWKHWHWKHUV
UB8032AA
±&217,18('±
,QWHULRUDQGH[WHULRUHTXLSPHQWV
127(
8VHFDUHZKHQURWDWLQJEHGH[WHQGHU'RQRWSHU
PLW WKH EXFNOHV WR FRPH LQ FRQWDFW ZLWK YHKLFOH
VKHHWPHWDODQGEHGWULP
&ORVHG,QZDUG 3RVLWLRQ ± :LWK WKH WDLOJDWH FORVHG
DQG WKH EHG H[WHQGHU LQ WKH LQZDUG SRVLWLRQ VPDOO
ORDGV FDQ EH SODFHG LQVLGH WKH YHKLFOH EHG EHWZHHQ
WKH WDLOJDWH DQG WKH H[WHQGHU JURFHULHV LFH FKHVWV
HWF
SUHVVWKHODWFKSLQ
%HGH[WHQGHUUHPRYDO
7KHEHGH[WHQGHUFDQEHUHPRYHGIURPWKHYHKLFOHE\
URWDWLQJWKHH[WHQGHULQWRDYHUWLFDOSRVLWLRQWKHQOLIWLQJ
VWUDLJKWXS
UB8036BA
UB8035AA
7KHEHGH[WHQGHUVKRXOGEHVHFXUHGWRWKHUHDUVHWRI
YHKLFOH FDUJR KRRNV /DWFK WKH EXFNOH RQWR WKH UHDU
FDUJRKRRNVDQGWKHQWLJKWHQWKHWHWKHUVWUDSV7RGLV
HQJDJHWKHWHWKHUVORRVHQWKHWHWKHUVWUDSVDQGGH
&DUJRODPS
,QWHULRUDQGH[WHULRUHTXLSPHQWV
UB3018AA
UB7023DA
7KHFDUJRODPSFRPHVRQDQGJRHVRIIZKHQHYHUWKH
FDUJRODPSVZLWFKLVSXVKHGUHJDUGOHVVRIWKHSRVLWLRQ
RIWKHLJQLWLRQVZLWFK7KHFDUJRODPSLQGLFDWRUOLJKWOR
FDWHGLQWKHPHWHUSDQHOZLOOLOOXPLQDWHZKHQWKHFDUJR
ODPSLVRQ
:KHQ OHDYLQJ \RXU YHKLFOH PDNH VXUH WKH ODPS LV
WXUQHGRIIWRDYRLGEDWWHU\GLVFKDUJH
'RQRWVZLWFKRQWKHFDUJRODPSZKLOHGULYLQJ
WRDYRLGGLVWUDFWLQJRWKHUGULYHUV
±&217,18('±
,QWHULRUDQGH[WHULRUHTXLSPHQWV
%HGFRYHULIHTXLSSHG
6HFXULQJWKHFRYHU
7KHEHGFRYHULVGHVLJQHGWRFRYHUWKHFDUJRDUHDRI
WKHEHG7KHEHGFRYHULVZDWHUUHVLVWDQWEXWQRWZD
WHUSURRI
y 'RQRWSODFHFDUJRRQWRSRIWKHEHGFRYHU
y 'R QRW XVH WKH KDUG EHG FRYHU VHFWLRQ DV D
VWHS
y 'RQRWXVHWKHEHGFRYHUWRVHFXUHFDUJR
y 7R DYRLG GDPDJH FOHDQ WKH EHG FRYHU ZLWK
RQO\VRDSZDWHUDQGDVRIWEUXVK
y 5HPRYHWKHVRIWSRUWLRQRIWKHEHGFRYHUEH
IRUHWDNLQJWKHYHKLFOHWKURXJKDFDUZDVK
UB6033AA
UB6034BA
,QWHULRUDQGH[WHULRUHTXLSPHQWV
7RVHFXUHWKHVRIWSRUWLRQRIWKHEHGFRYHUWRWKHEHG
VLPSO\VWDUWIURPHLWKHUVLGHRIWKHYHKLFOHDQGSODFH
WKHSODVWLFVWULSXQGHUWKHUDLO6OLGH\RXUKDQGGRZQ
WKHVLGHRIWKHYHKLFOHSXVKLQJWKHSODVWLFVWULSXQGHU
WKH UDLO DV \RX JR &RQWLQXH WKLV DURXQG WKH HQWLUH
OHQJWK RI WKH EHG )DVWHQ ERWK FORVHRXW ZUDSV ZLWK
9HOFURDURXQGWKHUHDUFKURPHEDUVVRWKDWWKH\DUH
VHFXUH &RYHUUHPRYDO
UB6036BA
7KHVRIWSRUWLRQRIWKHEHGFRYHUFDQEHUHPRYHGIURP
WKHEHGFRYHU¶VKDUGVHFWLRQIRUFOHDQLQJRUVWRUDJH
8QIDVWHQWKH9HOFURRQ WKHWXEHFORVHRXWZUDSV DQG
ILUPO\SXOOWKHFRYHURXWWRRQHVLGH
UB6035BA
±&217,18('±
,QWHULRUDQGH[WHULRUHTXLSPHQWV
&RYHUUHLQVWDOODWLRQ
UB6037BA
7KH VRIW SRUWLRQ RI WKH EHG FRYHU FDQ EH UHLQVWDOOHG
RQWR WKH EHG FRYHU¶V KDUG VHFWLRQ 6WDUW E\ LQVHUWLQJ
WKHOHIWIURQWHGJHRIWKHVRIWSRUWLRQLQWRWKHULJKWVLGH
RIWKHKDUGFRYHU7KLVDUHDLVIODUHGRXWWRHDVHLQVWDO
ODWLRQ
UB6038BA
$V\RXLQVHUWDQGSXOOWKHVRIWSRUWLRQRIWKHEHGFRY
HU LQWR WKH EHG FRYHU¶V KDUG VHFWLRQ PDNH VXUH WKH
QH[WWRLQFKHVWRPPRIWKHVRIWSRU
WLRQDUHVWUDLJKWDQGUHDG\WRHQWHUWKHIODUHGRXWSRU
WLRQRIWKHKDUGVHFWLRQ
2QFH\RXKDYHSXOOHGWKHVRIWSRUWLRQRIWKHEHGFRYHU
RQWRWKHEHGFRYHU¶VKDUGVHFWLRQPDNHVXUHWKHVRIW
SRUWLRQLVHTXDOO\FHQWHUHGRQERWKVLGHV7RFRPSOHWH
WKHLQVWDOODWLRQUHIHUWR³6HFXULQJWKHFRYHU´
5RRIUDLODQGFURVVEDU
y )RU FDUJR FDUU\LQJ SXUSRVHV WKH URRI UDLO
PXVWEHXVHGWRJHWKHUZLWKDURRIFURVVEDUNLW
DQG WKH DSSURSULDWH FDUU\LQJ DWWDFKPHQW 7KH
URRIUDLOPXVWQHYHUEHXVHGDORQHWRFDUU\FDU
JR2WKHUZLVHGDPDJHWRWKHURRIRUSDLQWRUD
GDQJHURXV URDG KD]DUG GXH WR ORVV RI FDUJR
FRXOGUHVXOW
y :KHQXVLQJWKHURRIFURVVEDUNLWPDNHVXUH
WKDWWKHWRWDOZHLJKWRIWKHFURVVEDUVFDUU\LQJ
DWWDFKPHQW DQG FDUJR GRHV QRW H[FHHG WKH
PD[LPXP ORDG OLPLW 2YHUORDGLQJ PD\ FDXVH
GDPDJHWRWKHYHKLFOHDQGFUHDWHDVDIHW\KD]
DUG
,QWHULRUDQGH[WHULRUHTXLSPHQWV
UB8037BB
&URVVEDUNLW
7KH URRI UDLO LV QRW GHVLJQHG WR FDUU\ FDUJR E\ LWVHOI
&DUJRFDQEHFDUULHGDIWHUVHFXULQJWKHURRIFURVVEDU
NLWWRWKHURRIUDLODQGLQVWDOOLQJWKHDSSURSULDWHFDUU\
LQJDWWDFKPHQW:KHQLQVWDOOLQJWKHURRIFURVVEDUNLW
IROORZWKHPDQXIDFWXUHU¶VLQVWUXFWLRQV
:KHQ\RXFDUU\FDUJRRQWKHURRIXVLQJWKHURRIFURVV
EDU NLW DQG D FDUU\LQJ DWWDFKPHQW QHYHU H[FHHG WKH
PD[LPXPORDGOLPLWH[SODLQHGEHORZ
5HPRYDODQGLQVWDOODWLRQRIWKHFURVV
EDUV
'RQRWFDUU\FDUJRRQWKHURRIZKHQWKHFURVV
EDUVDUHUHPRYHG/XJJDJHRQWKHURRIZLOOEH
WKURZQIRUZDUGRUEDFNZDUGLQVXGGHQVWRSVRU
UDSLG DFFHOHUDWLRQV UHVXOWLQJ LQ D GDQJHURXV
URDGKD]DUG
7KHFURVVEDUVFDQEHUHPRYHGZKHQ\RXGRQRWXVH
WKHURRIWRFDUU\FDUJR
,QWHULRUDQGH[WHULRUHTXLSPHQWV
ORDGLQJFDUJRLQWRRURQWR\RXUYHKLFOH7KHPD[LPXP
ORDGOLPLWRIWKHFDUJRFURVVEDUVDQGFDUU\LQJDWWDFK
PHQW PXVW QRW H[FHHG OEV NJ 3ODFH WKH
KHDYLHVW ORDG DW WKH ERWWRP QHDUHVW WKH URRI DQG
HYHQO\GLVWULEXWHWKHFDUJR$OZD\VSURSHUO\VHFXUHDOO
FDUJR
,QVWDOOLQJFDUU\LQJDWWDFKPHQWVRQWKH
FURVVEDUV
:KHQ LQVWDOOLQJ DQ\ FDUU\LQJ DWWDFKPHQW VXFK DV D
ELNH FDUULHU VNL FDUULHU ND\DN FDUULHU FDUJR EDVNHW
HWF RQ WKH FURVVEDUV IROORZ WKH PDQXIDFWXUHU¶V LQ
VWUXFWLRQV DQG PDNH VXUH WKDW WKH DWWDFKPHQW LV VH
FXUHO\ IL[HG WR WKH FURVVEDUV 8VH RQO\ DWWDFKPHQWV
GHVLJQHG VSHFLILFDOO\ IRU WKH FURVVEDUV $ VHW RI WKH
FURVVEDUV LV GHVLJQHG WR FDUU\ ORDGV FDUJR DQG DW
WDFKPHQW RI QRW PRUH WKDQ OEV NJ %HIRUH
RSHUDWLQJ WKH YHKLFOH PDNH VXUH WKDW WKH FDUJR LV
SURSHUO\VHFXUHGRQWKHDWWDFKPHQW
127(
5HPHPEHUWKDWWKHYHKLFOH¶VFHQWHURIJUDYLW\LVDO
WHUHGZLWKWKHZHLJKWRIWKHORDGRQWKHURRIWKXV
DIIHFWLQJWKHGULYLQJFKDUDFWHULVWLFV
'ULYHFDUHIXOO\$YRLGUDSLGVWDUWVKDUGFRUQHULQJ
DQG DEUXSW VWRSV &URVVZLQG HIIHFWV ZLOO EH LQ
FUHDVHG
T 7RUHPRYHWKHFURVVEDU
,QWHULRUDQGH[WHULRUHTXLSPHQWV
/RRVHQ DQG UHPRYH WKH 7 WRU[ KHDG VFUHZ
IURPWKHVLGHRIHDFKFURVVEDUHQGVXSSRUW
0RYHWKHHQGVXSSRUWDQGLQQHUFODPSWRXQKRRN
HDFKVLGHRIWKHFURVVEDUIURPWKHURRIUDLO
&DUHIXOO\UDLVHWKHFURVVEDUIURPURRIUDLOV
127(
,W PD\ EH QHFHVVDU\ WR PRYH WKH )URQW FURVVEDU
UHDUZDUGQHDUWKHFHQWHURIWKHURRIUDLOIRUHDVLHU
UHPRYDO8VHFDUHQRWWRFURVVWKUHDGWKHVFUHZLQ
WKHLQVHUWLILWKDVEHHQUHPRYHG
T 7RLQVWDOOWKHFURVVEDU
127(
%RWK&URVVEDUVKDYHDODEHOLQGLFDWLQJWKHGLUHF
WLRQRIPRXQW,IWKH\DUHQRWSUHVHQWRULHQWZLWK
WKH ODUJHU VHFWLRQ RI WKH &URVVEDU WRZDUGV WKH
IURQW RI YHKLFOH VHH EHORZ 7KH )URQW &URVVEDU
DOVRKDVD0$;,080/2$'/DEHODIIL[HGWRLW
±&217,18('±
UB6047BA
UB6048BA
,QWHULRUDQGH[WHULRUHTXLSPHQWV
)URQWFURVVEDU
)URQWFURVVEDUKDV/%6/RDG/DEHORQOHIWKDQG
VLGH
)URQW
5HDU
&URVVEDUVHFWLRQ
UB6055BB
/RDGODEHO
UB6051BB
,QWHULRUDQGH[WHULRUHTXLSPHQWV
YLGHG LQWR WKH WKUHDGHG LQVHUW LQ WKH LQQHU FODPS RQ
HDFKHQGRIWKHFURVVEDU
127(
,WPD\EHQHFHVVDU\WR VWDUWWKH LQQHUFODPSDQG
HQGVXSSRUWDWWKHFHQWHURIWKHURRIUDLOIRUHDVLHU
LQVWDOODWLRQWKHQPRYHWKHFURVVEDUIRUZDUG8VH
FDUHQRWWRFURVVWKUHDGWKHVFUHZLQWKHLQVHUWLILW
KDVEHHQUHPRYHG
UB6053BA
$GMXVW WKH DOLJQPHQW RI WKH FURVVEDU RQ WKH URRI
UDLOVDQGLIDYDLODEOHXVHD7WRU[ELWDQGWRUTXH
ZUHQFKDQGWLJKWHQWKH7WRU[KHDGVFUHZVWR
WR OEIÂLQ WR 1ÂP WR NJIÂP RI
WRUTXHRUWLJKWHQVHFXUHO\ZLWKWKHWRU[ZUHQFKSUR
±&217,18('±
7 in
(180 mm)
UB6052BB
%HIRUHSODFLQJWKHFURVVEDURQWKHURRIUDLOVPDNH
VXUHWKDWWKH7WRU[KHDGVFUHZLVIXOO\ORRVHQHG
IURPHDFKHQGVXSSRUW
6SUHDGWKHLQQHUFODPSDQGWKHHQGVXSSRUWDVIDU
DSDUWDVSRVVLEOH
:LWKWKHIURQWGLUHFWLRQDUURZODEHORQWKHWRSULJKW
VLGHRIWKHFURVVEDUSRLQWLQJWRZDUGWKHIURQWRIWKHYH
KLFOHFDUHIXOO\SODFHWKHFURVVEDUDFURVVWKHWRSRIWKH
YHKLFOHVRWKDWWKHFURVVEDUHQGVXSSRUWVUHVWRQWKH
WRSRIWKHURRIUDLOVLQFKHVPPUHDUZDUGLQWKH
IURQWUDGLXVRIWKHURRIUDLO
0RYHWKHHQGVXSSRUWDQGLQQHUFODPSWRKRRNXQ
GHUWKHHQGRIWKHURRIUDLORQERWKVLGHVDQGORRVHO\
DVVHPEOHWKH7WRU[KHDGVFUHZZLWKWKHWRROSUR
,QWHULRUDQGH[WHULRUHTXLSPHQWV
YLGHG
5HDUFURVVEDU
0 in
(0 mm)
UB6049BB
,QVWDOO WKH UHDU FURVVEDU LQ WKH VDPH PDQQHU DV WKH
IURQWFURVVEDU
UB6050BA
127(
7KH UHDU FURVVEDU VKRXOG EH SRVLWLRQHG MXVW LQ
IURQWRIWKHUHDUUDGLXVLQWKHURRIUDLO
127(
%HIRUH HDFK XVHRIWKHURRIFURVVEDU PDNH VXUH
WKH IRXU 7 FURVVEDU FODPS VFUHZV KDYH EHHQ
FKHFNHGDQGUHWLJKWHQHGLIQHFHVVDU\WROEIÂLQ
1ÂPNJIÂPDVRXWOLQHGLQ6WHSDERYH
6SRUWDFWLYLW\OLJKWVLIHTXLSSHG
,QWHULRUDQGH[WHULRUHTXLSPHQWV
RSHUDWHGRQSXEOLFURDGV
y ,QPRVWVWDWHVWKHVSRUWDFWLYLW\OLJKWVPD\QRW
EH RSHUDWHG ZKHQ WKH YHKLFOH LV LQ PRWLRQ RQ D
SXEOLFURDG
UB6041BB
,QGLFDWRUOLJKW
7KH VSRUW DFWLYLW\ OLJKWV ZLOO RSHUDWH RQO\ ZKHQ WKH
SDUNLQJEUDNHLVHQJDJHG3XVKWKH³63257/,*+76´
VZLWFKWRWXUQWKHVSRUWDFWLYLW\OLJKWVRQ
3UHVVWKHVZLWFKDJDLQWRWXUQWKHPRII
7KHLQGLFDWRUOLJKWORFDWHGRQWKHVZLWFKZLOOLOOXPLQDWH
ZKHQWKHVSRUWDFWLYLW\OLJKWVDUHRQ
127(
y ,Q PRVW VWDWHV WKH VSRUW DFWLYLW\ OLJKWV PXVW
KDYH VWRQH VKLHOGV LQVWDOOHG ZKHQ WKH YHKLFOH LV
UB3019AA
7KH VSRUW DFWLYLW\ OLJKWV PRXQW WR WKH YHKLFOH IURQW
FURVVEDU7KHVSRUWDFWLYLW\OLJKWVFURVVEDUZLUHKDU
QHVVFRQQHFWVWRWKHURRIZLUHKDUQHVVDQGWKHQWRWKH
YHKLFOH¶VHOHFWULFDOV\VWHP
$WRROLVSURYLGHGZKLFKZLOOHQDEOHWKHVSRUWDFWLYLW\
OLJKWV¶ SRVLWLRQLQJ WR EH PRGLILHG VR WKDW HDFK ODPS
FDQEHDLPHGRUURWDWHG7KHODPSVFDQEHPRXQWHG
LQ WZR SRVLWLRQV XSULJKW QRUPDO RU IRUZDUG GRZQ
ZDUG 7KH ODPSV VKRXOG EH URWDWHG WR WKH IRUZDUG
±&217,18('±
,QWHULRUDQGH[WHULRUHTXLSPHQWV
GRZQZDUGSRVLWLRQZKHQZDVKLQJ\RXUYHKLFOH
,I\RXFKRRVHWRUHPRYHVSRUWDFWLYLW\OLJKWVWKHIROORZ
LQJVHTXHQFHVKRXOGEHXWLOL]HG
'LVFRQQHFWWKHURRIKDUQHVVIURPWKHFURVVEDUKDU
QHVVFRQQHFWRU
$WWDFK WKH ZDWHU SURRI FRQQHFWRU FDS WR WKH URRI
KDUQHVVFRQQHFWRU
&DUH VKRXOG EH XVHG ZKHQ UHPRYLQJ RU LQVWDOOLQJ
WKLVHOHFWULFDOSURGXFW
)XHO
)XHOUHTXLUHPHQWV
)XHOILOOHUGRRUDQGFDS
6WDWHHPLVVLRQWHVWLQJ86RQO\
3UHSDULQJWRGULYH
6WDUWLQJWKHHQJLQH
6WDUWLQJWKHHQJLQHIRUDPDQXDO
WUDQVPLVVLRQYHKLFOH
6WDUWLQJWKHHQJLQHIRUDQDXWRPDWLF
WUDQVPLVVLRQYHKLFOH
6WDUWLQJWKHHQJLQHGXULQJFROGZHDWKHU
EHORZ±°)±°&
6WDUWLQJDIORRGHGHQJLQH
6WRSSLQJWKHHQJLQH
0DQXDOWUDQVPLVVLRQ
6KLIWLQJVSHHGV
'ULYLQJWLSV
$XWRPDWLFWUDQVPLVVLRQ
%$-$%$-$6SRUW
6HOHFWRUOHYHU
'ULYLQJWLSV
6KLIWORFNUHOHDVH
$XWRPDWLFWUDQVPLVVLRQ
ZLWK632576+,)7PRGH±%$-$7XUER
6HOHFWRUOHYHU
UHFHSWLRQ7KHGLVSOD\LQGLFDWHVZKLFKRQHLVFXUUHQWO\
VHOHFWHG
VWHUHREURDGFDVWLVUHFHLYHG
PRGHDQGWRVWRSRQDQ\GLVSOD\HGIUHTXHQF\
:KHQWKH³6&$1´EXWWRQLVSUHVVHGIRUDXWRPDWLFWXQ
LQJ VWDWLRQV DUH VFDQQHG LQ WKH GLUHFWLRQ RI ORZ IUH
TXHQFLHVWRKLJKIUHTXHQFLHVRQO\
$XWRPDWLFWXQLQJPD\QRWIXQFWLRQSURSHUO\LIWKHVWD
WLRQUHFHSWLRQLVZHDNHQHGE\GLVWDQFHIURPWKHVWD
WLRQRUSUR[LPLW\WRWDOOEXLOGLQJVDQGKLOOV
VWHUHREURDGFDVWLVUHFHLYHG
3XVKWKHWXQLQJEXWWRQPDUNHG³
´WRLQFUHDVH
WKH WXQLQJ IUHTXHQF\ DQG SUHVV WKH WXQLQJ EXWWRQ
PDUNHG³
(DFKWLPHWKHEXWWRQLVSUHVVHGWKHIUHTXHQF\FKDQJ
HV.+]LQWKH$0ZDYHEDQGDQG0+]LQWKH)0
ZDYHEDQG
PRGHDQGWRVWRSRQDQ\GLVSOD\HGIUHTXHQF\
:KHQWKH³6&$1´EXWWRQLVSUHVVHGIRUDXWRPDWLFWXQ
LQJ VWDWLRQV DUH VFDQQHG LQ WKH GLUHFWLRQ RI ORZ IUH
TXHQFLHVWRKLJKIUHTXHQFLHVRQO\
$XWRPDWLFWXQLQJPD\QRWIXQFWLRQSURSHUO\LIWKHVWD
WLRQUHFHSWLRQLVZHDNHQHGE\GLVWDQFHIURPWKHVWD
WLRQRUSUR[LPLW\WRWDOOEXLOGLQJVDQGKLOOV
YHKLFOHV