Page 1

&+$66,6
(/(&75,&$/
8704
&217(176
%$77(5< 7111111111111111111111111111
6(59,&( 63(&,),&$7,21 7111111111111111
2109(+,&/( 6(59,&( 7111111111111111111
)OXLG /HYHO DQG 6SHFLILF *UDYLW\ &KHFN 711111
&KDUJLQJ 8111111111111111111111111111111111
%DWWHU\ 7HVWLQJ 3URFHGXUH 9111111111111111111
,*1,7,21 6:,7&+ $1' ,002%,/,=(5
6<67(0 :1111111111111111111111111111
63(&,$/ 722/ :1111111111111111111111111
7528%/(6+227,1* :11111111111111111111
,*1,7,21 6:,7&+ $1' ,002%,/,=(5
6<67(0 4<111111111111111111111111111111
&20%,1$7,21 0(7(56 57111111111111
8743<3335<:
&20%,1$7,21 0(7(56 65111111111111111
08/7,00(7(5 67111111111111111111111
7528%/(6+227,1* 67111111111111111111
2109(+,&/( 6(59,&( 6;1111111111111111
9HKLFOH 0DJQHWLF &RPSHQVDWLRQ 6;11111111111
08/7,00(7(5 6<1111111111111111111111111
2876,'( 7+(502 6(1625 731111111
6(59,&( 63(&,),&$7,216 73111111111111
2876,'( 7+(502 6(1625 731111111111
+($'/$03 $1' )5217
&20%,1$7,21 /$03 7411111111111111
6(59,&( 63(&,),&$7,216 74111111111111
6(59,&( 63(&,),&$7,216 57111111111111
6($/$17 5711111111111111111111111111111
63(&,$/ 722/6 581111111111111111111111
7528%/(6+227,1* 58111111111111111111
2109(+,&/( 6(59,&( 5<1111111111111111
6SHHGRPHWHU &KHFN 5<1111111111111111111111
7DFKRPHWHU &KHFN 6311111111111111111111111
)XHO *DXJH 8QLW &KHFN 631111111111111111111
(QJLQH &RRODQW 7HPSHUDWXUH *DXJH 8QLW
&KHFN 6411111111111111111111111111111111111
63(&,$/ 722/6 741111111111111111111111
7528%/(6+227,1* 75111111111111111111
2109(+,&/( 6(59,&( 7;1111111111111111
+HDGODPS $LPLQJ 7;111111111111111111111111
,QWHQVLW\ 0HDVXUHPHQW 7<11111111111111111111
%XOE 5HSODFHPHQW 7<111111111111111111111111
+($'/$03 $1' )5217 &20%,1$7,21
/$03 83111111111111111111111111111111111
&217,18(' 21 1(;7 3$*(
Page 2

8705
)5217 )2* /$03 861111111111111111
6(59,&( 63(&,),&$7,216
63(&,$/ 722/
2109(+,&/( 6(59,&(
)URQW )RJ /DPS $LPLQJ 86111111111111111111
%XOE 5HSODFHPHQW 87111111111111111111111111
)5217 )2* /$03 8811111111111111111111
785106,*1$/ /$03 89111111111111111
5($5 &20%,1$7,21 /$03 8:11111111
5($5 )2* /$03 8<11111111111111111
63(&,$/ 722/ 8<11111111111111111111111
5($5 )2* /$03 8<111111111111111111111
+,*+002817(' 6723 /$03
5+(267$7 95111111111111111111111111
&KDUW 9;111111111111111111111111111111111111
5DGLR DQG 7DSH 3OD\HU ZLWK
861111111111
8611111111111111111111
8611111111111111
$QWL0WKHIW 6\VWHP ;51111111111111111111111111
5$',2 $1' 7$3( 3/$<(5 ;8111111111111
63($.(5 ;81111111111111111111111111
$17(11$ ;91111111111111111111111111
63(&,$/ 722/ ;911111111111111111111111
$17(11$ ;911111111111111111111111111111
5($5 :,1'2: '()2**(5 ;:1111111
63(&,$/ 722/ ;:11111111111111111111111
2109(+,&/( 6(59,&( ;:1111111111111111
3ULQWHG0KHDWHU /LQH &KHFN ;:11111111111111111
5($5 :,1'2: '()2**(5 6:,7&+ ;;11
941111111
5$',$725 )$1 02725
5HIHU WR *5283 471111111111111111111
63(&,$/ 722/ 9511111111111111111111111
5+(267$7 951111111111111111111111111111
+$=$5' :$51,1* /$03
6:,7&+ 96111111111111111111111111111
63(&,$/ 722/ 9611111111111111111111111
+$=$5' :$51,1* /$03 6:,7&+ 961111
+251 9711111111111111111111111111111
&,*$5(77( /,*+7(5 9811111111111111
$&&(6625< 62&.(7 991111111111111
5$',2 $1' 7$3( 3/$<(5 9:11111111
63(&,$/ 722/ 9:11111111111111111111111
7528%/(6+227,1* 9:111111111111111111
4XLFN0UHIHUHQFH 7URXEOHVKRRWLQJ &KDUW 9:11111
,17(5&22/(5 +,17(5&22/(5 )$1
02725, 5HIHU WR *5283 481111111111
6(59,&( %5$.(6 +$%6,
5HIHU WR *5283 68%11111111111111111
'225 */$66 $1' 5(*8/$725
+32:(5 :,1'2:6,
5HIHU WR *5283 751111111111111111111
'225 +$1'/( $1' /$7&+ +'225
/2&.,1*, 5HIHU WR *5283 7511111111
681 522) 5HIHU WR *5283 751111111
:,1'6+,(/' :,3(5 $1' :$6+(5
5HIHU WR *5283 841111111111111111111
5($5 :,3(5 $1' :$6+(5
5HIHU WR *5283 841111111111111111111
&217,18(' 21 1(;7 3$*(
Page 3

8706
+($'/$03 :$6+(5
5HIHU WR *5283 841111111111111111111
'225 0,5525 +(/(&7521,&
&21752//(' '225 0,5525,
5HIHU WR *5283 841111111111111111111
)5217 6($7 ++($7(' 6($7,
5HIHU WR *5283 85$11111111111111111
656 $,5 %$*
5HIHU WR *5283 85%11111111111111111
+($7(5 5HIHU WR *5283 881111111111
$,5 &21',7,21(5
5HIHU WR *5283 881111111111111111111
Page 4

8707
&+$66,6 (/(&75,&$/ ï
%DWWHU\
%$77(5< 8743336335;
6(59,&( 63(&,),&$7,21
,WHP 6SHFLILFDWLRQ
6SHFLILF JUDYLW\ RI WKH EDWWHU\ IOXLG 41553 ï 415<3 >53E&@
7KHUPRPHWHU
*RRG
+\GURPHWHU
2109(+,&/( 6(59,&(
874333<3397
)/8,' /(9(/ $1' 63(&,),& *5$9,7< &+(&.
41 ,QVSHFW ZKHWKHU RU QRW WKH EDWWHU\ IOXLG LV EHWZHHQ WKH
833(5 /(9(/ DQG /2:(5 /(9(/ PDUNV1
51 8VH D K\GURPHWHU DQG WKHUPRPHWHU WR FKHFN WKH VSHFLILF
JUDYLW\ RI WKH EDWWHU\ IOXLG1
6WDQGDUG YDOXH= 41553 ï 415<3 >53E&@
7KH VSHFLILF JUDYLW\ RI WKH EDWWHU\ IOXLG YDULHV ZLWK WKH
WHPSHUDWXUH/ VR XVH WKH IROORZLQJ IRUPXOD WR FDOFXODWH
WKH VSHFLILF JUDYLW\ IRU 53E&1 8VH WKH FDOFXODWHG YDOXH
WR GHWHUPLQH ZKHWKHU RU QRW WKH VSHFLILF JUDYLW\ LV
VDWLVIDFWRU\1
'53 'W.31333: +Wï53,
'53= 6SHFLILF JUDYLW\ RI WKH EDWWHU\ IOXLG FDOFXODWHG
IRU 53E&1
'W= $FWXDOO\ PHDVXUHG VSHFLILF JUDYLW\
W= $FWXDOO\ PHDVXUHG WHPSHUDWXUH
Page 5

&+$66,6 (/(&75,&$/ ï
%DWWHU\
8708
&+$5*,1*
41 :KHQ FKDUJLQJ D EDWWHU\ ZKLOH VWLOO LQVWDOOHG LQ WKH YHKLFOH/
GLVFRQQHFW WKH EDWWHU\ FDEOHV WR SUHYHQW GDPDJH WR
HOHFWULFDO SDUWV1
51 7KH FXUUHQW QRUPDOO\ XVHG IRU FKDUJLQJ D EDWWHU\ VKRXOG
EH DSSUR[LPDWHO\ 4243WK RI WKH EDWWHU\ FDSDFLW\1
61 :KHQ SHUIRUPLQJ D TXLFN0FKDUJLQJ GXH WR ODFN RI WLPH/
HWF1/ WKH FKDUJLQJ FXUUHQW VKRXOG QHYHU H[FHHG WKH EDWWHU\
FDSDFLW\ DV LQGLFDWHG LQ DPSHUHV1
71 'HWHUPLQLQJ LI FKDUJLQJ LV FRPSOHWHG1
+4, ,I WKH VSHFLILF JUDYLW\ RI WKH EDWWHU\ IOXLG UHDFKHV
41583ï415<3 DQG UHPDLQV FRQVWDQW IRU DW OHDVW RQH
KRXU1
+5, ,I WKH YROWDJH RI HDFK FHOO UHDFKHV 518ï51; 9 DQG
UHPDLQV FRQVWDQW IRU DW OHDVW RQH KRXU1
&DXWLRQ
+4, %H FDUHIXO VLQFH WKH EDWWHU\ IOXLG OHYHO PD\ ULVH
GXULQJ FKDUJLQJ1
+5, .HHS DOO VRXUFHV RI ILUH DZD\ ZKLOH FKDUJLQJ
EHFDXVH WKHUH LV D GDQJHU RI H[SORVLRQ1
+6, %H FDUHIXO QRW WR GR DQ\WKLQJ WKDW FRXOG JHQHUDWH
VSDUNV ZKLOH FKDUJLQJ1
+7, :KHQ FKDUJLQJ LV FRPSOHWHG/ UHSODFH WKH EDWWHU\
FDSV/ SRXU FOHDQ ZDWHU RYHU WKH EDWWHU\ WR UHPRYH
DQ\ VXOIXULF DFLG DQG GU\1
8743344335<
Page 6

8709
&+$66,6 (/(&75,&$/ ï
%DWWHU\
%$77(5< 7(67,1* 352&('85(
7(67 67(3
+4, 7XUQ KHDGODPSV RQ IRU 48 VHFRQGV1
+5, 7XUQ KHDGODPSV RII IRU 5 PLQXWHV WR DOORZ EDWWHU\ YROWDJH WR
VWDELOL]H1
+6, 'LVFRQQHFW FDEOHV1
2.
5HDG RSHQ FLUFXLW YROWDJH1
2.=
2SHQ FLUFXLW YROWDJH LV PRUH WKDQ 4517 9
2.
+4, &RQQHFW D ORDG WHVWHU WR WKH EDWWHU\1
+5, /RDG WKH EDWWHU\ DW WKH UHFRPPHQGHG GLVFKDUJH UDWH +VHH /2$'
7(67 5$7( &+$57, IRU 48 VHFRQGV1
+6, 5HDG YROWDJH DIWHU 48 VHFRQGV/ WKHQ UHPRYH ORDG1
+7, &RPSDUH WKH PHDVXUHG YDOXH ZLWK WKH PLQLPXP YROWDJH +VHH
/2$' 7(67 &+$57,1
2.=
+LJKHU WKDQ PLQLPXP YROWDJH
2.
1RUPDO
/2$' 7(67 5$7( &+$57
%DWWHU\ W\SH :8'595 ;3'595 <8'645
1*
1*
&KDUJH EDWWHU\ DW 8 DPSV1+VHH /2$' 7(67 5$7( &+$57,
5HWHVW
5HSODFH EDWWHU\
8743345356:
&KDUJLQJ WLPH ZKHQ IXOO\ GLVFKDUJHG K
45 45 47
>80DPS UDWHG FXUUHQW FKDUJLQJ@
/RDG WHVW +$PSV, 573 5<3 643
/2$' 7(67 &+$57
7HPSHUDWXUHE& 54 DQG
DERYH
0LQLPXP YROWDJH 9 <19 <18 <17 <16 <14 ;1< ;1: ;18
49 43 7 ï4 ï: ï45 ï4;
Page 7

&+$66,6 (/(&75,&$/ ï
,JQLWLRQ 6ZLWFK DQG ,PPRELOL]HU 6\VWHP
870:
,*1,7,21 6:,7&+ $1' ,002%,/,=(5 6<67(0 8763339385;
63(&,$/ 722/
7RRO 1XPEHU 1DPH 8VH
0%<<4835 0870,, VXE
0%<<4835
- (7$&60(&8 LQSXW VLJQDO FKHFNLQJ
DVVHPEO\
- ,PPRELOL]HU V\VWHP FKHFN
+'LDJQRVLV GLVSOD\ XVLQJ WKH 0870,,,
- 5HJLVWUDWLRQ RI WKH ,' FRGH
- 5HVHWWLQJ WKH FRGH WR WKH IDFWRU\ VHWWLQJ
?7'8!
- &KDQJH RI WKH SDVVZRUG
7528%/(6+227,1*
,JQLWLRQ 6ZLWFK
',$*126,6 )81&7,21
,1387 6,*1$/ ,163(&7,21 32,176
41 &RQQHFW WKH 0870,,WR WKH GLDJQRVLV FRQQHFWRU1
51 ,I EX]]HU RI WKH 0870,,VRXQGV RQFH ZKHQ D VZLWFK LV
RSHUDWHG +2122)),/ WKH (7$&60(&8 LQSXW VLJQDO IRU WKDW
VZLWFK FLUFXLW V\VWHP LV QRUPDO1
87633:334;8
,163(&7,21 &+$57 )25 7528%/( 6<037206
7URXEOH V\PSWRPV ,QVSHFWLRQ
SURFHGXUH
&RPPXQLFDWLRQ ZLWK &RPPXQLFDWLRQ ZLWK DOO V\VWHPV LV LPSRVVLEOH1 4 870;
0870,, LV LPSRVVLEOH1
,JQLWLRQ NH\ KROH
LOOXPLQDWLRQ ODPS
V\VWHP
&RPPXQLFDWLRQ ZLWK RQH0VKRW SXOVH LQSXW VLJQDO
RQO\ LV LPSRVVLEOH1
(YHQ LI WKH GULYHU·V VLGH GRRU LV RSHQHG/ WKH NH\
KROH LOOXPLQDWLRQ ODPS GRHV QRW LOOXPLQDWH1
7KH NH\ KROH LOOXPLQDWLRQ ODPS UHPDLQV
LOOXPLQDWHG1
5 870;
6 870<
7 870<
87633:53:7:
5HIHUHQFH SDJH
Page 8

870;
&+$66,6 (/(&75,&$/ ï
,JQLWLRQ 6ZLWFK DQG ,PPRELOL]HU 6\VWHP
,163(&7,21 352&('85( )25 7528%/( 6<037206
,QVSHFWLRQ 3URFHGXUH 4
&RPPXQLFDWLRQ ZLWK 0870,,LV LPSRVVLEOH1
+&RPPXQLFDWLRQ ZLWK DOO V\VWHPV LV LPSRVVLEOH1,
7KH FDXVH LV SUREDEO\ D GHIHFWLYH SRZHU VXSSO\ V\VWHP +LQFOXGLQJ HDUWK, IRU WKH
GLDJQRVLV OLQH1
5HIHU WR *5283 46$ ï 7URXEOHVKRRW0
LQJ1
,QVSHFWLRQ 3URFHGXUH 5
&RPPXQLFDWLRQ ZLWK 0870,,LV LPSRVVLEOH1+&RPPXQLFD0
WLRQ ZLWK WKH RQH0VKRW SXOVH LQSXW VLJQDO RQO\ LV
LPSRVVLEOH1,
7KH FDXVH LV SUREDEO\ D GHIHFWLYH RQH0VKRW SXOVH LQSXW FLUFXLW V\VWHP RI WKH GLDJQRVLV
OLQH1
&KHFN WKH KDUQHVV ZLUH EHWZHHQ WKH
GLDJQRVLV FRQQHFWRU DQG MXQFWLRQ EORFN1
1*
5HSDLU
2.
&KHFN WKH IROORZLQJ FRQQHFWRUV=
&063/ &096
2.
&KHFN WURXEOH V\PSWRPV1
3UREDEOH FDXVH
- 0DOIXQFWLRQ RI FRQQHFWRU
- 0DOIXQFWLRQ RI KDUQHVV ZLUH
3UREDEOH FDXVH
- 0DOIXQFWLRQ RI FRQQHFWRU
- 0DOIXQFWLRQ RI KDUQHVV ZLUH
- 0DOIXQFWLRQ RI (7$&60(&8
1*
1*
5HSDLU
5HSODFH WKH (7$&60(&81
Page 9

&+$66,6 (/(&75,&$/ ï
,QVSHFWLRQ 3URFHGXUH 6
,JQLWLRQ 6ZLWFK DQG ,PPRELOL]HU 6\VWHP
870<
(YHQ LI WKH GULYHU·V VLGH GRRU LV RSHQHG/ WKH NH\ KROH
LOOXPLQDWLRQ ODPS GRHV QRW LOOXPLQDWH1
7KH FDXVH LV SUREDEO\ D GHIHFWLYH NH\ KROH LOOXPLQDWLRQ ODPS FLUFXLW V\VWHP RU D GHIHFWLYH
GULYHU·V VLGH GRRU VZLWFK LQSXW FLUFXLW V\VWHP1
'ULYHU·V VLGH GRRU VZLWFK LQSXW FLUFXLW
V\VWHP FKHFN
2.
.H\ KROH LOOXPLQDWLRQ ODPS FKHFN
+5HIHU WR 31870541,
2.
'LVFRQQHFW WKH NH\ UHPLQGHU VZLWFK
FRQQHFWRU '039 DQG PHDVXUH DW WKH KDU0
QHVV VLGH1
- 9ROWDJH EHWZHHQ WKH WHUPLQDO 1R14
DQG ERG\ HDUWK
2.=
6\VWHP YROWDJH
1*
&KHFN WKH IROORZLQJ FRQQHFWRUV=
&044 ?51+1 GULYH YHKLFOHV!/ '039/ '05:
?51+1 GULYH YHKLFOHV!
2.
&KHFN WURXEOH V\PSWRP1
1*
&KHFN WKH KDUQHVV EHWZHHQ WKH NH\ UH0
PLQGHU VZLWFK DQG MXQFWLRQ EORFN/ DQG
UHSDLU LI QHFHVVDU\1
1*
1*
2.
1*
'ULYHU·V VLGH GRRU VZLWK LQSXW FLUFXLW
V\VWHP LQVSHFWLRQ +5HIHU WR ,QVSHFWLRQ
3URFHGXUH 8 RQ 31870<1,
5HSODFH
&KHFN WKH IROORZLQJ FRQQHFWRUV=
&06: ?/1+1 GULYH YHKLFOHV!/ '039/ '059/
'064
2.
&KHFN WURXEOH V\PSWRP1
1*
5HSDLU
&KHFN WKH KDUQHVV EHWZHHQ WKH NH\ UH0
PLQGHU VZLWFK DQG MXQFWLRQ EORFN/ DQG
UHSDLU LI QHFHVVDU\1
1*
5HSDLU
3UREDEOH FDXVH
- 0DOIXQFWLRQ RI GULYHU·V VLGH GRRU VZLWFK
- 0DOIXQFWLRQ RI NH\ KROH LOOXPLQDWLRQ ODPS
- 0DOIXQFWLRQ RI KDUQHVV RU FRQQHFWRU
- 0DOIXQFWLRQ RI (7$&60(&8
1*
2.
5HSDLU
5HSODFH WKH (7$&60(&81
,QVSHFWLRQ 3URFHGXUH 7
.H\ KROH LOOXPLQDWLRQ ODPS UHPDLQV LOOXPLQDWHG1
7KH FDXVH LV SUREDEO\ D VKRUW KDUQHVV RU D GHIHFWLYH (7$&60(&81 - 0DOIXQFWLRQ RI KDUQHVV
:KHQ WKH FRQQHFWRU '059 RI WKH MXQFWLRQ EORFN LV GLVFRQQHFWHG/
GRHV WKH ODPS VZLWFK RII"
<HV
5HSODFH WKH (7$&60(&81
1R
&KHFN WKH KDUQHVV EHWZHHQ WKH NH\ UHPLQGHU VZLWFK DQG MXQFWLRQ
EORFN/ DQG UHSDLU LI QHFHVVDU\1
3UREDEOH FDXVH
- 0DOIXQFWLRQ RI (7$&60(&8
Page 10

87043
&+$66,6 (/(&75,&$/ ï
,JQLWLRQ 6ZLWFK DQG ,PPRELOL]HU 6\VWHP
,QVSHFWLRQ 3URFHGXUH 8
'ULYHU·V VLGH GRRU VZLWFK LQSXW FLUFXLW V\VWHP FKHFN
'RRU VZLWFK FKHFN +5HIHU WR *5283
75 ï 'RRU $VVHPEO\1,
2.
'RRU VZLWFK HDUWK FKHFN
2.
'LVFRQQHFW WKH GRRU VZLWFK FRQQHFWRU
(05: DQG PHDVXUH DW WKH KDUQHVV VLGH1
- 9ROWDJH EHWZHHQ WKH WHUPLQDO 1R15
DQG ERG\ HDUWK
2.=
8 9
2.
5HSODFH WKH (7$&60(&81
,PPRELOL]HU 6\VWHP
1*
1*
1*
5HSODFH
5HSDLU
&KHFN WKH IROORZLQJ FRQQHFWRUV=
'05:/ '064/ (05:/ (073
2.
&KHFN WURXEOH V\PSWRP1
1*
1*
5HSDLU
&KHFN WKH KDUQHVV EHWZHHQ WKH GRRU
VZLWFK DQG MXQFWLRQ EORFN/ DQG UHSDLU
LI QHFHVVDU\1
876339<3463
&DXWLRQ
41 7KH HQFU\SWHG FRGH VKRXOG DOZD\V EH UH0UHJLVWHUHG ZKHQ UHSODFLQJ WKH LPPRELOL]HU0(&81?9*:!
51 ,I WKH LPPRELOL]HU0(&8 KDV EHHQ UHSODFHG/ \RX ZLOO QHHG WR UH0UHJLVWHU WKH LJQLWLRQ NH\ HQFU\SWHG
FRGHV DQG WR UHVHW WKH FRGH IRU WKH IXHO FXW YDOYH FRQWUROOHU WR WKH IDFWRU\ VHWWLQJ1?7'8!
61 ,I WKH LPPRELOL]HU0(&8 KDV EHHQ UHSODFHG ZLWK D QHZ SDUW/ WKH SDVVZRUG +YHKLFOH VHFUHW FRGH,
ZKLFK KDV EHHQ VWRUHG LQ WKH LPPRELOL]HU0(&8 IRU HDFK YHKLFOH ZLOO EH UHSODFHG E\ WKH SDVVZRUG
+VHFUHW FRGH, VSHFLILHG E\ WKH FXVWRPHU1
67$1'$5' )/2: 2) ',$*126,6 7528%/(6+227,1*
5HIHU WR *5283 33 ï +RZ 7R 8VH 7URXEOHVKRRWLQJ2,QVSHFWLRQ 6HUYLFH 3RLQWV1
',$*126,6 )81&7,21
',$*126,6 &2'(6 &+(&.
5HIHU WR *5283 33 ï +RZ 7R 8VH 7URXEOHVKRRWLQJ2,QVSHFWLRQ 6HUYLFH 3RLQWV1
(5$6,1* ',$*126,6 &2'(6
5HIHU WR *5283 33 ï +RZ 7R 8VH 7URXEOHVKRRWLQJ2,QVSHFWLRQ 6HUYLFH 3RLQWV1
&DXWLRQ
7KH GLDJQRVLV FRGHV ZKLFK UHVXOW IURP GLVFRQQHFWLQJ WKH EDWWHU\ FDEOHV FDQQRW EH HUDVHG1
,163(&7,21 &+$57 )25 ',$*126,6 &2'(6 ?9*:!
'LDJQRVLV FRGH 1R1 ,QVSHFWLRQ LWHPV 5HIHUHQFH
44 7UDQVSRQGHU FRPPXQLFDWLRQ V\VWHP RU UDGLR LQWHUIHUHQFH RI HQFU\SWHG FRGH 87044
45 (QFU\SWHG FRGH DUH QRW WKH VDPH RU DUH QRW UHJLVWHUHG 87044
127(
'LDJQRVLV FRGH LV QRW UHFRUGHG1
87633:334<5
87633:4344<
SDJH
Page 11

&+$66,6 (/(&75,&$/ ï
,JQLWLRQ 6ZLWFK DQG ,PPRELOL]HU 6\VWHP
,163(&7,21 352&('85( )25 ',$*126,6 &2'(6 ?9*:!
87044
&RGH 1R144 7UDQVSRQGHU FRPPXQLFDWLRQ V\VWHP RU UDGLR
LQWHUIHUHQFH RI HQFU\SWHG FRGH
- 7KH HQFU\SWHG FRGH RI WKH WUDQVSRQGHU LV QRW VHQW WR WKH LPPRELOL]HU0(&8
LPPHGLDWHO\ DIWHU WKH LJQLWLRQ VZLWFK LV WXUQHG WR 21 SRVLWLRQ1
- ,I WKH HQJLQH LV VWDUWHG ZKLOH VHYHUDO LJQLWLRQ NH\V DUH LQ WKH YLFLQLW\/ WKHQ LQWHUIHUHQFH
EHWZHHQ WKH GLIIHUHQW NH\V PD\ RFFXU/ ZKLFK ZLOO FDXVH WKLV FRGH WR EH JHQHUDWHG1
$UH WKHUH DQ\ RWKHU LJQLWLRQ NH\V LQ WKH
YLFLQLW\ RI WKH LJQLWLRQ NH\ EHLQJ XVHG
WR IRU VWDUWLQJ"
1R
'RHV WKH HQJLQH VWDUW XVLQJ WKH VSDUH
LJQLWLRQ NH\ ZKLFK KDV KDG WKH HQFU\SWHG
FRGH UHJLVWHUHG"
1*
'LDJQRVLV FRGH FKHFN
&RGH 1R144 RFFXUV1
,JQLWLRQ NH\ ULQJ DQWHQQD FRQWLQXLW\
FKHFN +5HIHU WR 31870541,
2.
&KHFN WKH IROORZLQJ FRQQHFWRUV=
&05;/ '038
2.
&KHFN WURXEOH V\PSWRP1
<HV
2.
&RGH 1R145
RFFXUV1
1*
1*
1*
0RYH RWKHU NH\V ZHOO DZD\ IURP NH\
EHLQJ XVHG1
&KHFN WURXEOH V\PSWRP1
1*
5HSODFH WKH LJQLWLRQ NH\ WKDW GRHV QRW
ZRUN1
7R ,163(&7,21 352&('85( )25
',$*126,6 &2'( 1R1451
5HSODFH
5HSDLU
&KHFN WKH KDUQHVV EHWZHHQ WKH LPPREL0
OL]HU0(&8 DQG NH\ ULQJ DQWHQQD1
2.
3UREDEOH FDXVH
- 5DGLR LQWHUIHUHQFH RI HQFU\SWHG FRGH
- 0DOIXQFWLRQ RI WUDQVSRQGHU
- 0DOIXQFWLRQ RI LJQLWLRQ NH\ ULQJ DQWHQQD
- 0DOIXQFWLRQ RI KDUQHVV RU FRQQHFWRU
- 0DOIXQFWLRQ RI LPPRELOL]HU0(&8
5H0UHJLVWHU WKH HQFU\SWHG FRGH
+5HIHU WR 31870551,
1*
5HSDLU
5HSODFH WKH LPPRELOL]HU0(&81 5HJLVWHU WKH SDVVZRUG +VHFUHW FRGH,
&RGH 1R145 (QFU\SWHG FRGHV DUH QRW WKH VDPH RU QRW
UHJLVWHUHG1
7KH HQFU\SWHG FRGH ZKLFK LV VHQW IURP WKH WUDQVSRQGHU LV QRW WKH VDPH DV WKH HQFU\SWHG
FRGH ZKLFK LV UHJLVWHUHG LQ WKH LPPRELOL]HU0(&81
5H0UHJLVWHU WKH HQFU\SWHG FRGH
+5HIHU WR 31870551,
&KHFN WURXEOH V\PSWRP1
DQG HQFU\SWHG FRGH1+5HIHU WR 31870551,
3UREDEOH FDXVH
- 7KH HQFU\SWHG FRGH LQ WKH LJQLWLRQ NH\ EHLQJ XVHG
KDV QRW EHHQ SURSHUO\ UHJLVWHUHG1
- 0DOIXQFWLRQ RI LPPRELOL]HU0(&8
1*
5HSODFH WKH LPPRELOL]HU0(&81
5HJLVWHU WKH SDVVZRUG +VHFUHW FRGH,
DQG HQFU\SWHG FRGH1+5HIHU WR 31870551,
Page 12

87045
&+$66,6 (/(&75,&$/ ï
,JQLWLRQ 6ZLWFK DQG ,PPRELOL]HU 6\VWHP
,163(&7,21 &+$57 )25 ',$*126,6 &2'(6 ?7'8!
87633:43459
'LDJQRVLV FRGH 1R1 ,QVSHFWLRQ LWHPV 5HIHUHQFH SDJH
44- 7UDQVSRQGHU FRPPXQLFDWLRQ V\VWHP RU UDGLR LQWHUIHUHQFH RI
87044
HQFU\SWHG FRGH
45- (QFU\SWHG FRGHV DUH QRW WKH VDPH RU QRW UHJLVWHUHG 87044
54 &RPPXQLFDWLRQ V\VWHP EHWZHHQ IXHO FXW YDOYH FRQWUROOHU DQG
87045
LPPRELOL]HU0(&8
55 0DOIXQFWLRQ RI IXHO FXW YDOYH FRQWUROOHU V\VWHP 87046
56- ,GHQWLILFDWLRQ FRGHV DUH QRW LGHQWLFDO 87046
127(
-= GLDJQRVLV FRGH 1RV1 44/ 45/ 56 DUH UHFRUGHG1
,163(&7,21 352&('85( )25 ',$*126,6 &2'(6 ?7'8!
)RU GLDJQRVLV FRGH QXPEHUV RWKHU WKDQ WKRVH OLVWHG EHORZ/ UHIHU WR ´,163(&7,21 352&('85( )25
',$*126,6 &2'(6 ?9*:!µ1
&RGH 1R154 &RPPXQLFDWLRQ V\VWHP EHWZHHQ IXHO FXW
YDOYH FRQWUROOHU DQG LPPRELOL]HU0(&8
7KH FRQILUPDWLRQ FRGH LV QRW VHQW IURP WKH IXHO FXW YDOYH FRQWUROOHU ZLWKLQ WKH VSHFLILHG
WLPH DIWHU WKH LJQLWLRQ NH\ LV WXUQHG WR 21 RU/ DQ LQFRUUHFW FRGH LV VHQW1
3UREDEOH FDXVH
0DOIXQFWLRQ RI KDUQHVV RU FRQQHFWRU
-
0DOIXQFWLRQ RI IXHO FXW YDOYH FRQWUROOHU
-
0DOIXQFWLRQ RI LPPRELOL]HU0(&8
-
&KHFN WKH IROORZLQJ FRQQHFWRUV=
&KHFN WURXEOH V\PSWRP1
&KHFN WKH KDUQHVV EHWZHHQ WKH LPPRELOL]HU0(&8 DQG IXHO FXW YDOYH
FRQWUROOHU1
&KHFN WKH IXHO FXW YDOYH FRQWUROOHU SRZHU VRXUFH DQG HDUWK FLUFXLW1
+5HIHU WR 318704:/ ,QVSHFWLRQ 3URFHGXUH 91,
&KHFN WURXEOH V\PSWRP1
$043/ &04:/ &05;
2.
1*
2.
2.
1*
1*
1*
1*
5HSDLU
5HSDLU
5HSDLU
5HSODFH WKH LPPRELOL]HU0(&81
5HJLVWHU WKH SDVVZRUG +VHFUHW FRGH,/ UHVHW WKH FRGH WR WKH IDFWRU\
VHWWLQJ DQG UHJLVWHU WKH HQFU\SWHG FRGH1+5HIHU WR 31870551,
&KHFN WURXEOH V\PSWRP1
1*
5HSODFH WKH IXHO FXW YDOYH FRQWUROOHU +IXHO LQMHFWLRQ SXPS DVVHPEO\,1
Page 13

&+$66,6 (/(&75,&$/ ï
,JQLWLRQ 6ZLWFK DQG ,PPRELOL]HU 6\VWHP
87046
&RGH 1R155 0DOIXQFWLRQ RI IXHO FXW YDOYH FRQWUROOHU
3UREDEOH FDXVH
V\VWHP
7KH FDXVH LV SUREDEO\ D PDOIXQFWLRQ RI WKH IXHO FXW YDOYH FRQWUROOHU1 - 0DOIXQFWLRQ RI IXHO FXW YDOYH FRQWUROOHU
&KHFN WKH IXHO FXW YDOYH FRQWUROOHU SRZHU VRXUFH DQG HDUWK FLUFXLW1
+5HIHU WR 318704:/ ,QVSHFWLRQ 3URFHGXUH 91,
2.
&KHFN WURXEOH V\PSWRP1
1*
5HSODFH WKH IXHO FXW YDOYH FRQWUROOHU +IXHO LQMHFWLRQ SXPS DVVHPEO\,1
&RGH 1R156 ,GHQWLILFDWLRQ FRGHV DUH QRW LGHQWLFDO 3UREDEOH FDXVH
7KH LGHQWLILFDWLRQ FRGH UHFHLYHG IURP WKH LPPRELOL]HU0(&8 LV QRW LGHQWLFDO WR WKH
LGHQWLILFDWLRQ FRGH WKDW KDV EHHQ UHFRUGHG LQ WKH IXHO FXW YDOYH FRQWUROOHU1
8VH WKH 0870,, WR UHVHW WKH FRGH WR WKH IDFWRU\ VHWWLQJ1
+5HIHU WR 31870561,
&KHFN WURXEOH V\PSWRP1
1*
- 5HVHWWLQJ WKH FRGH WR WKH IDFWRU\ VHWWLQJ LV QRW PDGH
XVLQJ WKH 0870,,
- 0DOIXQFWLRQ RI IXHO FXW YDOYH FRQWUROOHU
5HSODFH WKH IXHO FXW YDOYH FRQWUROOHU +IXHO LQMHFWLRQ SXPS DVVHPEO\,1
&KHFN WURXEOH V\PSWRP1
1*
5HSODFH WKH LPPRELOL]HU0(&81
5HJLVWHU WKH SDVVZRUG +VHFUHW FRGH,/ UHVHW WKH FRGH WR WKH IDFWRU\
VHWWLQJ DQG UHJLVWHU WKH HQFU\SWHG FRGH1+5HIHU WR 31870551,
,163(&7,21 &+$57 )25 7528%/( 6<037206
7URXEOH V\PSWRP ,QVSHFWLRQ SURFHGXUH 1R1 5HIHUHQFH SDJH
&RPPXQLFDWLRQ ZLWK 0870,,LV LPSRVVLEOH 4 87047
(QFU\SWHG FRGH FDQQRW EH UHJLVWHUHG XVLQJ WKH 0870
(QJLQH GRHV QRW VWDUW +&UDQNLQJ EXW QR LQLWLDO FRPEXVWLRQ,1
?9*:!
(QJLQH GRHV QRW VWDUW +&UDQNLQJ EXW QR LQLWLDO FRPEXVWLRQ,1
?7'8!
0DOIXQFWLRQ RI WKH LPPRELOL]HU0(&8 SRZHU VRXUFH DQG
HDUWK FLUFXLW
0DOIXQFWLRQ RI WKH IXHO FXW YDOYH FRQWUROOHU SRZHU VRXUFH
DQG HDUWK FLUFXLW ?7'8!
,,
5 87048
6 87048
7 87049
8 8704:
9 8704:
87633:53:87
Page 14

87047
&+$66,6 (/(&75,&$/ ï
,JQLWLRQ 6ZLWFK DQG ,PPRELOL]HU 6\VWHP
,163(&7,21 352&('85( )25 7528%/( 6<037206
,QVSHFWLRQ 3URFHGXUH 4
&RPPXQLFDWLRQ ZLWK 0870,,LV LPSRVVLEOH
7KH FDXVH LV SUREDEO\ WKDW D PDOIXQFWLRQ RI WKH GLDJQRVLV OLQH RU WKH LPPRELOL]HU0(&8
LD QRW IXQFWLRQLQJ1
?9*:!
&DQ WKH 0870,,FRPPXQLFDWH ZLWK WKH
HQJLQH0(&8"
<HV
0HDVXUH DWHQJLQH0(&8 FRQQHFWRU &083
DQG LPPRELOL]HU0(&8 FRQQHFWRU &05;1
- 'LVFRQQHFW WKH FRQQHFWRU DQG
PHDVXUH DW WKH KDUQHVV VLGH1
- &RQWLQXLW\ EHWZHHQ WKH &083
WHUPLQDO 1R194DQG &05; WHUPLQDO
1R18
2.=
&RQWLQXLW\
2.
&KHFN WURXEOH V\PSWRPV1
1R
1*
1*
&KHFN WKH IROORZLQJ FRQQHFWRUV=
&04:/ &087
2.
&KHFN WURXEOH V\PSWRPV1
1*
&KHFN WKH IROORZLQJ FRQQHFWRUV=
&04:/ &05;/ &083
2.
&KHFN WURXEOH V\PSWRPV1
&KHFN WKH KDUQHVV EHWZHHQ WKH
LPPRELOL]HU0(&8 SRZHU FLUFXLW DQG WKH
HDUWK FLUFXLW1+5HIHU WR 318704:/
,QVSHFWLRQ 3URFHGXUH 81,
2.
&KHFN WURXEOH V\PSWRPV1
3UREDEOH FDXVH
- 0DOIXQFWLRQ RI GLDJQRVLV OLQH
- 0DOIXQFWLRQ RI KDUQHVV RU FRQQHFWRU
- 0DOIXQFWLRQ RI LPPRELOL]HU0(&8
1*
1*
1*
1*
1*
5HSDLU
&KHFN WKH HQJLQH0(&8 SRZHU VXSSO\
DQG HDUWK FLUFXLW/ DQG UHSDLU LI QHFHVVDU\1
5HSDLU
&KHFN WKH KUQHVV ZLUH EHWZHHQ WKH HQ0
JLQH0(&8 DQG LPPRELOL]HU0(&8/ DQG UH0
SDLU LI QHFHVVDU\1
5HSODFH WKH LPPRELOL]HU0(&81
?7'8!
0HDVXUH DW LPPRELOL]HU0(&8 FRQQHFWRU
&05; DQG GLDJQRVLV FRQQHFWRU &0961
- 'LVFRQQHFW WKH FRQQHFWRU DQG
PHDVXUH DW WKH KDUQHVV VLGH1
- &RQWLQXLW\ EHWZHHQ WKH &05;
WHUPLQDO 1R145DQG &096 WHUPLQDO
1R1:
2.=
&RQWLQXLW\
2.
&KHFN WURXEOH V\PSWRPV1
1*
1*
&KHFN WKH IROORZLQJ FRQQHFWRUV=
&05;/ &096
2.
&KHFN WURXEOH V\PSWRPV1
&KHFN WKH KDUQHVV EHWZHHQ WKH
LPPRELOL]HU0(&8 SRZHU FLUFXLW DQG WKH
HDUWK FLUFXLW1+5HIHU WR 318704:/
,QVSHFWLRQ 3URFHGXUH 81,
2.
&KHFN WURXEOH V\PSWRPV1
1*
1*
1*
5HJLVWHU WKH SDVVZRUG +VHFUHW FRGH,
DQG WKH HQFU\SWHG FRGH1
+5HIHU WR 387055,
5HSDLU
&KHFN WKH KDUQHVV ZLUH EHWZHHQ WKH
LPPRELOL]HU0(&8/ DQG GLDJQRVLV FRQ0
QHFWRU/ DQG UHSDLU LI QHFHVVDU\1
5HSODFH WKH LPPRELOL]HU0(&81
5HJLVWHU WKH SDVVZRUG +VHFUHW FRGH,/
UHVHW WKH FRGH WR WKH IDFWRU\ VHWWLQJ DQG
UHJLVWHU WKH HQFU\SWHG FRGH1
+5HIHU WR 387055,
Page 15

&+$66,6 (/(&75,&$/ ï
,QVSHFWLRQ 3URFHGXUH 5
,JQLWLRQ 6ZLWFK DQG ,PPRELOL]HU 6\VWHP
87048
(QFU\SWHG FRGH FDQQRW EH UHJLVWHUHG XVLQJ WKH 0870
7KH FDXVH LV SUREDEO\ WKDW WKHUH LV QR HQFU\SWHG FRGH UHJLVWHUHG LQ WKH LPPRELOL]HU0(&8
RU WKHUH LV D PDOIXQFWLRQ RI WKH LPPRELOL]HU0(&81
1R LJQLWLRQ NH\ FDQ EH UHJLVWHUHG1
<HV
,V D GLDJQRVLV FRGH GLVSOD\HG"
1R
&KHFN WKH LPPRELOL]HU0(&8 SRZHU
VRXUFH DQG WKH HDUWK FLUFXLW1+5HIHU WR
318704:/ ,QVSHFWLRQ 3URFHGXUH 81,
1R
<HV
2.
5HSODFH WKH LJQLWLRQ NH\ WKDW FDQQRW EH
UHJLVWHUHG1
7R ,163(&7,21 &+$57 )25 ',$*0
126,6 &2'(1+5HIHU WR 3187043/ 451,
&KHFN WURXEOH V\PSWRP1
,,
3UREDEOH FDXVH
- 0DOIXQFWLRQ RI WUDQVSRQGHU
- 0DOIXQFWLRQ RI LJQLWLRQ NH\ ULQJ DQWHQQD
- 0DOIXQFWLRQ RI KDUQHVV RU FRQQHFWRU
- 0DOIXQFWLRQ RI LPPRELOL]HU0(&8
5H0UHJLVWHU WKH HQFU\SWHG FRGH1
+5HIHU WR 31870551,
1*
5HSODFH WKH LPPRELOL]HU0(&81
?9*:!
5HJLVWHU WKH SDVVZRUG +VHFUHW FRGH,
DQG WKH HQFU\SWHG FRGH1
+5HIHU WR 31870551,
?7'8!
5HJLVWHU WKH SDVVZRUG +VHFUHW FRGH,/
UHVHW WKH FRGH WR WKH IDFWRU\ VHWWLQJ DQG
UHJLVWHU WKH HQFU\SWHG FRGH1
+5HIHU WR 31870551,
,QVSHFWLRQ 3URFHGXUH 6
(QJLQH GRHV QRW VWDUW +&UDQNLQJ EXW QR LQLWLDO FRPEXV0
WLRQ,1 ?9*:!
,I WKH IXHO LQMHFWRUV DUH QRW RSHUDWLQJ/ WKHUH PLJKW EH D SUREOHP ZLWK WKH 03, V\VWHP
LQ DGGLWLRQ WR D PDOIXQFWLRQ RI WKH LPPRELOL]HU V\VWHP1
,W LV QRUPDO IRU WKLV WR RFFXU LI DQ DWWHPSW LV PDGH WR VWDUW WKH HQJLQH XVLQJ D NH\
WKDW KDV QRW EHHQ SURSHUO\ UHJLVWHUHG1
&KHFN WKH V\VWHP YROWDJH GXULQJFUDQN0
LQJ
2.=
; 9RUPRUH
2.
,V D GLDJQRVLV FRGH GLVSOD\HG IURP WKH
LPPRELOL]HU0(&8"
1R
,V D GLDJQRVLV FRGH GLVSOD\HG IURP WKH
HQJLQH0(&8"
1R
&KHFN WKH VWDUWLQJ V\VWHP1+5HIHU WR
*5283 46$ ï 7URXEOHVKRRWLQJ1,
2.
&KHFN WURXEOH V\PSWRP1
1*
&KHFN WKH LPPRELOL]HU0(&8 SRZHU
VRXUFH DQG WKH HDUWK FLUFXLW1+5HIHU WR
318704:/ ,QVSHFWLRQ 3URFHGXUH 81,
1*
<HV
<HV
2.
&KHFN WKH EDWWHU\1
7R ,163(&7,21 &+$57 )25 ',$*0
126,6 &2'(1+5HIHU WR 31870431,
5HIHU WR *5283 46$ ï 7URXEOHVKRRW0
LQJ1
&KHFN WURXEOH V\PSWRP1
3UREDEOH FDXVH
- 0DOIXQFWLRQ RI 03, V\VWHP
- 0DOIXQFWLRQ RI LPPRELOL]HU0(&8
1*
5HSODFH WKH LPPRELOL]HU0(&81
5HJLVWHU WKH SDVVZRUG +VHFUHW FRGH,
DQG WKH HQFU\SWHG FRGH1
+5HIHU WR 31870551,
Page 16

87049
&+$66,6 (/(&75,&$/ ï
,QVSHFWLRQ 3URFHGXUH 7
,JQLWLRQ 6ZLWFK DQG ,PPRELOL]HU 6\VWHP
(QJLQH GRHV QRW VWDUW +&UDQNLQJ EXW QR LQLWLDO FRPEXV0
WLRQ,1 ?7'8!
,I QR IXHO LQMHFWLRQ/ WKHUH PLJKW EH D SUREOHP ZLWK WKH IXHO LQMHFWLRQ V\VWHP LQ DGGLWLRQ
WR D PDOIXQFWLRQ RI WKH LPPRELOL]HU V\VWHP1
,W LV QRUPDO IRU WKLV WR RFFXU LI DQ DWWHPSW LV PDGH WR VWDUW WKH HQJLQH XVLQJ D NH\
WKDW KDV QRW EHHQ SURSHUO\ UHJLVWHUHG1
&KHFN WKH V\VWHP YROWDJH GXULQJFUDQN0
LQJ
2.=
; 9RUPRUH
2.
,V D GLDJQRVLV FRGH GLVSOD\HG IURP WKH
LPPRELOL]HU0(&8"
1R
0HDVXUH DW LPPRELOL]HU0(&8 FRQQHFWRU
&05;1
- 'LVFRQQHFW WKH FRQQHFWRU DQG
PHDVXUH DW WKH KDUQHVV VLGH1
- ,JQLWLRQ VZLWFK= 21
- 9ROWDJH EHWZHHQ WHUPLQDO 1R19DQG
ERG\ HDUWK1
2.=
6\VWHP YROWDJH
2.
&KHFN WKH GLHVHO IXHO LQMHFWLRQ V\VWHP1
+5HIHU WR *5283 46%ï2Q0YHKLFOH 6HU0
YLFH1,
2.
&KHFN WKH LPPRELOL]HU0(&8 SRZHU VXS0
SO\ DQG WKH HDUWK FLUFXLW1+5HIHU WR
318704:/ ,QVSHFWLRQ 3URFHGXUH 81,
1*
<HV
1*
2.
&KHFN WKH EDWWHU\1
7R ,163(&7,21 &+$57 )25 ',$*0
126,6 &2'(1+5HIHU WR 31870461,
&KHFN WKH IROORZLQJ FRQQHFWRUV=
&05;/ '05:/ '05;
2.
&KHFN WURXEOH V\PSWRPV1
&KHFN WURXEOH V\PSWRP1
3UREDEOH FDXVH
- 0DOIXQFWLRQ RI GLHVHO IXHO LQMHFWLRQ V\VWHP
- 0DOIXQFWLRQ RI LPPRELOL]HU0(&8
1*
1*
1*
5HSDLU
&KHFN WKH KUQHVV ZLUH EHWZHHQ WKH LP0
PRELOL]HU0(&8 DQG LJQLWLRQ VZLWFK ,*4/
DQG UHSDLU LI QHFHVVDU\1
5HSODFH WKH LPPRELOL]HU0(&81
5HJLVWHU WKH SDVVZRUG +VHFUHW FRGH,/
UHVHW WKH FRGH WR WKH IDFWRU\ VHWWLQJ DQG
UHJLVWHU WKH HQFU\WHG FRGH1
+5HIHU WR 31870551,
&KHFN WURXEOH V\PSWRP1
1*
5HSODFH WKH IXHO FXW YDOYH FRQWUROOHU
+IXHO LQMHFWLRQ SXPS DVVHPEO\,1
Page 17

&+$66,6 (/(&75,&$/ ï
,JQLWLRQ 6ZLWFK DQG ,PPRELOL]HU 6\VWHP
,QVSHFWLRQ 3URFHGXUH 8
0DOIXQFWLRQ RI WKH LPPRELOL]HU0(&8 SRZHU VRXUFH DQG HDUWK FLUFXLW
8704:
0HDVXUH DW WKH LPPRELOL]HU0(&8 FRQ0
QHFWRU &05;1
- 'LVFRQQHFW WKH FRQQHFWRU DQG
PHDVXUH DW WKH KDUQHVV VLGH1
- ,JQLWLRQ VZLWFK= 21
+4, 9ROWDJH EHWZHHQ WHUPLQDO 1R1:DQG
ERG\ HDUWK1
2.=
+5, &RQWLQXLW\ EHWZHHQ WHUPLQDO 1R16
&KHFN WKH IROORZLQJ FRQQHFWRU=
&05;
&KHFN WURXEOH V\PSWRP1
6\VWHP YROWDJH
DQG ERG\ HDUWK1
2.=
&RQWLQXLW\
+5, 1*
2.
+4, 1*
1*
1*
&KHFN WKH IROORZLQJ FRQQHFWRUV=
?9*:!
&04:/ &05;/ &087
?7'8!
&04;/ '047
2.
&KHFN WURXEOH V\PSWRP1
5HSDLU
&KHFN WKH KDUQHVV EHWZHHQ WKH LPPREL0
OL]HU0(&8 DQG ERG\ HDUWK DQG UHSDLU LI
QHFHVVDU\1
1*
1*
,QVSHFWLRQ 3URFHGXUH 9
0DOIXQFWLRQ RI WKH IXHO FXW YDOYH FRQWUROOHU SRZHU VRXUFH DQG HDUWK FLUFXLW
?7'8!
5HSDLU
?9*:!
&KHFN WKH KDUQHVV EHWZHHQ WKH LPPREL0
OL]HU0(&8 DQG HQJLQH FRQWURO UHOD\/ DQG
UHSDLU LI QHFHVVDU\1
?7'8!
&KHFN WKH KDUQHVV EHWZHHQ WKH LPPREL0
OL]HU0(&8 DQG MXQFWLRQ EORFN/ DQG UHSDLU
LI QHFHVVDU\1
0HDVXUH DW WKH IXHO FXW YDOYH FRQWUROOHU
FRQQHFWRU $0431
- 'LVFRQQHFW WKH FRQQHFWRU DQG
PHDVXUH DW WKH KDUQHVV VLGH1
- ,JQLWLRQ VZLWFK= 21
+4, 9ROWDJH EHWZHHQ 5 DQG ERG\ HDUWK1
2.=
+5, &RQWLQXLW\ EHWZHHQ 6 DQG ERG\
6\VWHP YROWDJH
HDUWK1
2.=
&RQWLQXLW\
+4, 1*
+5, 1*
&KHFN WKH IROORZLQJ FRQQHFWRUV=
$043/ '05;/
2.
&KHFN WURXEOH V\PSWRP1
&KHFN WKH IROORZLQJ FRQQHFWRUV=
$043/ &09;
2.
&KHFN WURXEOH V\PSWRP1
1*
1*
1*
1*
5HSDLU
&KHFN WKH KDUQHVV EHWZHHQ WKH IXHO FXW
YDOYH FRQWUROOHU DQG MXQFWLRQ EORFN/ DQG
UHSDLU LI QHFHVVDU\1
5HSDLU
&KHFN WKH KDUQHVV EHWZHHQ WKH IXHO FXW
YDOYH FRQWUROOHU DQG HDUWK/ DQG UHSDLU
LI QHFHVVDU\1
Page 18

8704;
&+$66,6 (/(&75,&$/ ï
,JQLWLRQ 6ZLWFK DQG ,PPRELOL]HU 6\VWHP
&+(&. $7 ,002%,/,=(50(&8
87633:93386
7HUPLQDO 9ROWDJH &KHFN &KDUW
7HUPLQDO 1R1 6LJQDO &KHFNLQJ UHTXLUHPHQWV 7HUPLQDO YROWDJH
6 ,PPRELOL]HU0(&8 HDUWK $OZD\V 3 9
9 ,JQLWLRQ VZLWFK0,* ?7'8! ,JQLWLRQ VZLWFK= 2)) 3 9
,JQLWLRQ VZLWFK= 21 6\VWHP YROWDJH
: ,PPRELOL]HU0(&8 SRZHU VXSSO\
?9*:!
,PPRELOL]HU0(&8 SRZHU VXSSO\
?7'8!
$OZD\V 6\VWHP YROWDJH
,JQLWLRQ VZLWFK= 2)) RU DSSUR[18RU PRUH
VHFRQGV DIWHU VZLWFK KDV EHHQ WXUQHG IURP
21 WR 2))1
3 9
,JQLWLRQ VZLWFK= 21 RU ZLWKLQ
VHFRQGV DIWHU VZLWFK KDV EHHQ WXUQHG IURP
21 WR 2))1
DSSUR[1
8
6\VWHP YROWDJH
Page 19

&+$66,6 (/(&75,&$/ ï
,JQLWLRQ 6ZLWFK DQG ,PPRELOL]HU 6\VWHP
8704<
,*1,7,21 6:,7&+ $1' ,002%,/,=(5 6<67(0
5(029$/ $1' ,167$//$7,21
5
8
?/1+1 GULYH YHKLFOHV!
7
;
6
9
?51+1 GULYH YHKLFOHV!
8763354369:
44
:
43
<
6WHHULQJ ORFN F\OLQGHU DQG NH\ KROH
LOOXPLQDWLRQ ODPS UHPRYDO VWHSV
- 'ULYHU·V VLGH XQGHU FRYHU RU NQHH
SURWHFWRU DVVHPEO\ +5HIHU WR *5283
85$ ï ,QVWUXPHQW 3DQHO1,
41 &ROXPQ FRYHU/ ORZHU
51 &ROXPQ FRYHU/ XSSHU
*$ò 61 6WHHULQJ ORFN F\OLQGHU
71 .H\ KROH LOOXPLQDWLRQ ODPS
,JQLWLRQ VZLWFK/ NH\ UHPLQGHU
VZLWFK DQG LJQLWLRQ NH\ ULQJ
DQWHQQD UHPRYDO VWHSV
- 6WHHULQJ ZKHHO +5HIHU WR *5283 6:$
ï 6WHHULQJ :KHHO DQG 6KDIW1,
- &ORFN VSULQJ +5HIHU WR *5283 85%
ï $LU %DJ 0RGXOH DQG &ORFN 6SULQJ1,
- 'ULYHU·V VLGH XQGHU FRYHU RU NQHH
SURWHFWRU DVVHPEO\ +5HIHU WR *5283
85$ ï ,QVWUXPHQW 3DQHO1,
4
44
41 &ROXPQ FRYHU/ ORZHU
51 &ROXPQ FRYHU/ XSSHU
ò$* 81 &ROXPQ VZLWFK DVVHPEO\
91 ,JQLWLRQ NH\ ULQJ DQWHQQD
:1 ,JQLWLRQ VZLWFK
;1 .H\ UHPLQGHU VZLWFK
(7$&60(&8 UHPRYDO VWHSV
- 'ULYHU·V VLGH XQGHU FRYHU RU NQHH
SURWHFWRU DVVHPEO\ +5HIHU WR *5283
85$ ï ,QVWUXPHQW 3DQHO1,
<1 -XQFWLRQ EORFN
431 (7$&60(&8
,PPRELOL]HU0(&8 UHPRYDO VWHSV
- )URQW VFXII SODWH DQG FRZO VLGH WULP
?GULYHU·V VLGH! +5HIHU WR *5283 85$
ï 7ULPV1,
441 ,PPRELOL]HU0(&8
Page 20

87053
&+$66,6 (/(&75,&$/ ï
&
,JQLWLRQ 6ZLWFK DQG ,PPRELOL]HU 6\VWHP
5(029$/ 6(59,&( 32,17
*$ò
41 ,QVHUW WKH NH\ LQ WKH VWHHULQJ ORFN F\OLQGHU DQG WXUQ LW
51 8VLQJ D FURVV0WLS +., VFUHZGULYHU +VPDOO, RU D VLPLODU WRRO/
67((5,1* /2&. &</,1'(5 5(029$/
WR WKH ´$&&µ SRVLWLRQ1
SXVK WKH ORFN SLQ RI WKH VWHHULQJ ORFN F\OLQGHU LQZDUG
DQG WKHQ SXOO WKH VWHHULQJ ORFN F\OLQGHU WRZDUG \RX1
,167$//$7,21 6(59,&( 32,17
ò$*
7LJKWHQ WKH FROXPQ VZLWFK DVVHPEO\ PRXQWLQJ VFUHZV WR WKH
VSHFLILHG WRUTXH LQ WKH RUGHU RI $/ % DQG &1
7LJKWHQLQJ WRUTXH=581P
&2/801 6:,7&+ $66(0%/< ,167$//$7,21
%
$
,163(&7,21
,*1,7,21 6:,7&+ &217,18,7< &+(&.
41 5HPRYH WKH GULYHU·V VLGH XQGHU FRYHU RU NQHH SURWHFWRU
DVVHPEO\1
51 5HPRYH WKH FROXPQ FRYHU ORZHU DQG XSSHU1
61 'LVFRQQHFW WKH ZLULQJ FRQQHFWRU IURP WKH LJQLWLRQ VZLWFK1
71 2SHUDWH WKH VZLWFK DQG FKHFN WKH FRQWLQXLW\ EHWZHHQ
WKH WHUPLQDOV1
,JQLWLRQ NH\ SRVLWLRQ 7HUPLQDO 1R1
4 5 7 8 9
/2&.
$&&
21
67$57
876335535;8
Page 21

&+$66,6 (/(&75,&$/ ï
,JQLWLRQ 6ZLWFK DQG ,PPRELOL]HU 6\VWHP
87054
.(< 5(0,1'(5 6:,7&+ &217,18,7< &+(&.
87633::33<7
41 5HPRYH WKH GULYHU·V VLGH XQGHU FRYHU RU NQHH SURWHFWRU
DVVHPEO\1
51 5HPRYH WKH FROXPQ FRYHU ORZHU DQG XSSHU1
61 'LVFRQQHFW WKH ZLULQJ FRQQHFWRU IURP WKH NH\ UHPLQGHU
VZLWFK1
71 &KHFN WKH FRQWLQXLW\ EHWZHHQ WKH WHUPLQDO ZKHQ WKH
LJQLWLRQ NH\ LV SXOOHG RXW RI DQG LQVHUWHG LQWR WKH VWHHULQJ
ORFN F\OLQGHU1
,JQLWLRQ NH\ 7HUPLQDO 1R1
SRVLWLRQ
4 ,// 5 7 9
3XOOHG RXW
,QVHUWHG
,*1,7,21 .(< 5,1* $17(11$ &217,18,7< &+(&.
87633<6335:
8VH D FLUFXLW WHVWHU WR FKHFN WKH FRQWLQXLW\ EHWZHHQ WKH
WHUPLQDOV1
Page 22

87055
&+$66,6 (/(&75,&$/ ï
,JQLWLRQ 6ZLWFK DQG ,PPRELOL]HU 6\VWHP
(1&5<37(' &2'( 5(*,675$7,21 0(7+2'
$1' 5(6(77,1* 7+( &2'( 72 7+(
)$&725< 6(77,1*
5HJLVWHU WKH HQFU\SWHG FRGH LQ WKH LPPRELOL]HU0(&8 DQG WKHQ UHVHW WKH FRGH WR WKH IDFWRU\ VHWWLQJ DIWHU
SDUWV KDYH EHHQ UHSODFHG1
5HSODFHPHQW SDUW 9*: 7'8
87633;433;9
(QFU\SWHG FRGH
UHJLVWUDWLRQ
,JQLWLRQ NH\ 1HFHVVDU\ 1HFHVVDU\ 1RW QHFHVVDU\
,JQLWLRQ NH\ ULQJ DQWHQQD 1RW QHFHVVDU\ 1RW QHFHVVDU\ 1RW QHFHVVDU\
,PPRELOL]HU0(&8 1HFHVVDU\ 1HFHVVDU\ 1HFHVVDU\
(QJLQH0(&8 ?9*:!- 1HFHVVDU\ ï ï
)XHO FXW YDOYH FRQWUROOHU +IXHO LQMHFWLRQ
SXPS,?7'8!
ï 1RW QHFHVVDU\ 1RW QHFHVVDU\ +1HZ SDUW,
(QFU\SWHG FRGH
UHJLVWUDWLRQ
5HVHWWLQJ WKH FRGH WR WKH
IDFWRU\ VHWWLQJ
1HFHVVDU\ +8VHG SDUW,
127(
-= ,I WKH HQJLQH0(&8 LV UHSODFHG/ WKH LPPRELOL]HU0(&8 DQG LJQLWLRQ NH\ VKRXOG EH UHSODFHG WRJHWKHU
ZLWK LW1
(DFK HQJLQH0(&8 KDV HQFU\SWHG FRGH IRU LPPRELOL]HU0(&8/ DQG WKH HQFU\SWHG FRGH LV UHJLVWHUHG
LQ WKH LPPRYLOL]HU0(&81
(QFU\SWHG &RGH 5HJLVWUDWLRQ 0HWKRG
,I XVLQJ DQ LJQLWLRQ NH\ WKDW KDV MXVW EHHQ QHZO\ SXUFKDVHG/
RU LI WKH LPPRELOL]HU0(&8 KDV EHHQ UHSODFHG/ \RX ZLOO QHHG
WR UHJLVWHU WKH HQFU\SWHG FRGHV IRU HDFK LJQLWLRQ NH\ EHLQJ
XVHG LQWR WKH LPPRELOL]HU0(&81+$ PD[LPXP RI HLJKW GLIIHUHQW
HQFU\SWHG FRGHV FDQ EH UHJLVWHUHG1,
0RUHRYHU/ ZKHQ WKH LPPRELOL]HU0(&8 KDV EHHQ UHSODFHG/ \RX
ZLOO QHHG WR XVH WKH 0870,, WR LQSXW WKH YHKLFOH VHFUHW FRGH
DQG WR UHJLVWHU WKH SDVVZRUG +VHFUHW FRGH, WKDW WKH XVHU
VSHFLILHV LQWR WKH LPPRELOL]HU0(&81+5HIHU WR WKH ´0870,,
5()(5(1&( 0$18$/µ RU ´0870,, 23(5$7,1*
,16758&7,216µ,
&DXWLRQ
%HFDXVH UHJLVWHULQJ RI WKH HQFU\SWHG FRGHV LV FDUULHG
RXW DIWHU DOO SUHYLRXVO\0UHJLVWHUHG FRGHV KDYH EHHQ
HUDVHG/ \RX VKRXOG KDYH UHDG\ DOO RI WKH LJQLWLRQ NH\V
WKDW KDYH DOUHDG\ EHHQ UHJLVWHUHG1
Page 23

&+$66,6 (/(&75,&$/ ï
0%<<4835
,JQLWLRQ 6ZLWFK DQG ,PPRELOL]HU 6\VWHP
41 &RQQHFW WKH 0870,, WR WKH GLDJQRVLV FRQQHFWRU1
&DXWLRQ
7XUQ RII WKH LJQLWLRQ VZLWFK EHIRUH FRQQHFWLQJ RU
GLVFRQQHFWLQJ RI WKH 0870,,1
51 &KHFN WKDW WKH GLDJQRVLV FRGH 1R187 LV QRW EHLQJ
JHQHUDWHG E\ WKH HQJLQH0(&81 ,I LW LV EHLQJ JHQHUDWHG
FKHFN DFFRUGLQJ WR WKH 7URXEOHVKRRWLQJ 3URFHGXUHV1
61 8VH WKH LJQLWLRQ NH\ WKDW LV WR EH UHJLVWHUHG WR WXUQ RQ
WKH LJQLWLRQ VZLWFK1
71 8VH WKH 0870,, WR UHJLVWHU WKH HQFU\SWHG FRGH1 7R UHJLVWHU
WKH VHFRQG RU VXEVHTXHQW NH\/ OHDYH WKH 0870,,
FRQQHFWHG DQG UHPRYH WKH ILUVW UHJLVWHUHG NH\1 :LWKLQ
8 VHFRQGV LQVHUW WKH NH\ WR EH UHJLVWHUHG DQG WXUQ RQ
WKH LJQLWLRQ VZLWFK1
127(
$IWHU 8 VHFRQGV KDYH HODSVHG/ WKH NH\ UHJLVWUDWLRQ PXVW
EH UHSHDWHG IURP WKH EHJLQLQJ EHFDXVH WKH NH\
UHJLVWUDWLRQ PRGH WHUPLQDWHV1
81 7KLV FRPSOHWH WKH UHJLVWUDWLRQ RSHUDWLRQ1 7XUQ WKH LJQLWLRQ
VZLWFK 2)) DQG OHDYH LW IRU DSSUR[143VHFRQGV1
91 &KHFN WKDW WKH HQJLQH FDQ EH VWDUWHG ZLWK HDFK RI WKH
LJQLWLRQ NH\V1
:1 &KHFN WKH GLDJQRVLV RXWSXW IURP WKH HQJLQH0(&8/ DQG
HUDVH FRGH 1R187 LI LW DSSHDUV1
5HVHWWLQJ WKH FRGH WR WKH IDFWRU\ VHWWLQJ ?7'8!
5HIHU WR WKH ´0870,, 5()(5(1&( 0$18$/µ RU ´0870,,
23(5$7,1* ,16758&7,216µ RQ KDQGOLQJ WKH 0870,,1
127(
5HVHWWLQJ WKH FRGH WR WKH IDFWRU\ VHWWLQJ UHIHUV WR WKH SURFHVV
RI FOHDULQJ WKH LGHQWLILFDWLRQ FRGH ZKLFK KDV EHHQ UHFRUGHG
LQ WKH IXHO FXW YDOYH FRQWUROOHU DQG VZLWFKLQJ WKH FRQWUROOHU
WR OHDUQLQJ PRGH1 $IWHU WKLV UHVHWWLQJ LV FDUULHG RXW/ WKH
LGHQWLILFDWLRQ FRGH LQ WKH LPPRELOL]HU0(&8 ZLOO EH UHFRUGHG
LQ WKH FRQWUROOHU WKH QH[W WLPH WKH LJQLWLRQ VZLWFK LV WXUQHG
WR WKH 211
87056
41 &RQQHFW WKH 0870,, WR WKH GLDJQRVLV FRQQHFWRU1
&DXWLRQ
7XUQ RII WKH LJQLWLRQ VZLWFK EHIRUH FRQQHFWLQJ RU
GLVFRQQHFWLQJ RI WKH 0870,,1
51 7XUQ RQ WKH LJQLWLRQ VZLWFK1
61 8VH WKH 0870,, WR UHVHW WKH FRGH WR WKH IDFWRU\ VHWWLQJ1
127(
$SSUR[LPDWHO\ 49 PLQXWHV DUH UHTXLUHG WR FRPSOHWH
UHVHWWLQJ WKH FRGH WR WKH IDFWRU\ VHWWLQJ1
71 'LVFRQQHFW WKH 0870,,
Page 24

87057
&+$66,6 (/(&75,&$/ ï
&RPELQDWLRQ 0HWHUV
&20%,1$7,21 0(7(56 87633363593
6(59,&( 63(&,),&$7,216
,WHPV 6WDQGDUG YDOXH
6SHHGRPHWHU LQGLFDWLRQ HUURU NP2K +PSK,
7DFKRPHWHU LQGLFDWLRQ HUURU U2PLQ 9*:
7'8
)XHO JDXJH XQLW UHVLVWDQFH :
)XHO JDXJH XQLW IORDW KHLJKW PP
)ORDW SRLQW ) 4 ï 8
)ORDW SRLQW ( 436 ï 44:
$ +)ORDW SRLQW ), 49
73 +53, 73 ï 7; +53 ï 58,
;3 +73, ;3 ï <5 +73 ï 7:,
453 +93, 453 ï 469 +93 ï 9<,
493 +;3, 493 ï 4;3 +;3 ï <4,
ï +433, ï +433 ï 447,
:33 r433
6/333 r483
8/333 r583
9/333 r633
:33 r433
6/333 r483
7/:83 r493
8/333 r583
% +)ORDW SRLQW (, 54<18
(QJLQH FRRODQW WHPSHUDWXUH JDXJH XQLW UHVLVWDQFH +DW :3 E &, : 437 r 4618
)XHO JDXJH UHVLVWDQFH :
(QJLQH FRRODQW WHPSHUDWXUH JDXJH
UHVLVWDQFH :
3RZHU VXSSO\ DQG HDUWK 583 r 58
3RZHU VXSSO\ DQG IXHO JDXJH <4 r <14
)XHO JDXJH DQG HDUWK 48< r 481<
3RZHU VXSSO\ DQG HDUWK 4:< r 4:1<
3RZHU VXSSO\ DQG HQJLQH FRRODQW WHPSHUDWXUH JDXJH 87 r 817
(QJLQH FRRODQW WHPSHUDWXUH JDXJH DQG HDUWK 566 r 5616
6($/$17
,WHPV 6SHFLILHG VHDODQW 5HPDUN
(QJLQH FRRODQW WHPSHUDWXUH JDXJH
XQLW WKUHDGHG SRUWLRQ
60 $GKHVLYH QXW ORFNLQJ 1R1 74:4 RU
HTXLYDOHQW
'U\LQJ VHDODQW
876333833:8
Page 25

&+$66,6 (/(&75,&$/ ï
&+$66,6 (/(&75,&$/ ï
&RPELQDWLRQ 0HWHUV
&RPELQDWLRQ 0HWHUV
87058
63(&,$/ 722/6
7RRO 1XPEHU 1DPH 8VH
$
%
&
'
0%<<4556
$= 0%<<454<
%= 0%<<4553
&= 0%<<4554
'= 0%<<4555
0%<<3:;7 2UQDPHQW UHPRYHU 5HPRYDO RI PHWHU EH]HO DVVHPEO\
+DUQHVV VHW
$= 7HVW KDUQHVV
%= /(' KDUQHVV
&= /(' KDUQHVV
DGDSWHU
'= 3UREH
87633393837
- )XHO JDXJH FKHFN
- (QJLQH FRRODQW WHPSHUDWXUH JDXJH FKHFN
?7'8!
$= &RQQHFWRU SLQ FRQWDFW SUHVVXUH FKHFN
%= 3RZHU FLUFXLW FKHFN
&= 3RZHU FLUFXLW FKHFN
'= &RPPHUFLDO WHVWHU FRQQHFWLRQ
7528%/(6+227,1*
,163(&7,21 &+$57 )25 7528%/( 6<037206
7URXEOH V\PSWRP ,QVSHFWLRQ SURFHGXUH 5HIHUHQFH SDJH
6SHHGRPHWHU GRHV QRW ZRUN1 4 87059
7DFKRPHWHU GRHV QRW ZRUN1 5 87059
)XHO JDXJH GRHV QRW ZRUN1 6 8705:
(QJLQH FRRODQW WHPSHUDWXUH JDXJH GRHV QRW ZRUN1 7 8705:
87633:53:94
Page 26

87059
&+$66,6 (/(&75,&$/ ï
&RPELQDWLRQ 0HWHUV
,163(&7,21 352&('85( )25 7528%/( 6<037206
,QVSHFWLRQ 3URFHGXUH 4
6SHHGRPHWHU GRHV QRW ZRUN1
7KH FDXVH PD\ EH D GHIHFWLYH YHKLFOH VSHHG VHQVRU FLUFXLW V\VWHP RU D GHIHFWLYH
VSHHGRPHWHU1 9HKLFOH VSHHG VHQVRU LV FR0XVHG DPRQJ WKH HQJLQH0(&8 DQG $270(&81
+6, 1*
+4, 1*
+5, 1*
9HKLFOH VSHHG VHQVRU FLUFXLW V\VWHP
LQVSHFWLRQ +5HIHU WR ,QVSHFWLRQ
3URFHGXUH 8 RQ 318705<1,
&KHFN WKH IROORZLQJ FRQQHFWRUV=
&047/ '04</ '05;
2.
&KHFN WURXEOH V\PSWRP1
&KHFN WKH IROORZLQJ FRQQHFWRU=
&037
2.
&KHFN WURXEOH V\PSWRP1
'LVFRQQHFW WKH FRPELQDWLRQ PHWHU FRQ0
QHFWRUV &036 RU &037 DQG PHDVXUH DW
WKH KDUQHVV VLGHV1
+4, 0HDVXUH WKH YROWDJH EHWZHHQ
WHUPLQDO 1R184 DQG ERG\ HDUWK ZKHQ
WKH YHKLFOH LV PRYHG IRUZDUGV DQG
EDFNZDUGV1
2.
=71:9RUPRUH
+5, 9ROWDJH EHWZHHQ WKH WHUPLQDO 1R157
DQG ERG\ HDUWK
2.
= 6\VWHP YROWDJH
+6, &RQWLQXLW\ EHWZHHQ WKH WHUPLQDO
1R164 DQG ERG\ HDUWK
2.
= &RQWLQXLW\
2.
5HSODFH WKH VSHHGRPHWHU1
3UREDEOH FDXVH
- 0DOIXQFWLRQ RI YHKLFOH VSHHG VHQVRU
- 0DOIXQFWLRQ RI VSHHGRPHWHU
- 0DOIXQFWLRQ RI KDUQHVV RU FRQQHFWRU
1*
1*
1*
1*
5HSDLU
&KHFN WKH KDUQHVV ZLUH EHWZHHQ WKH
SRZHU VXSSO\ DQG FRPELQDWLRQ PHWHU/
DQG UHSDLU LI QHFHVVDU\1
5HSDLU
&KHFN WKH KDUQHVV ZLUH EHWZHHQ WKH
ERG\ HDUWK DQG FRPELQDWLRQ PHWHU/ DQG
UHSDLU LI QHFHVVDU\1
,QVSHFWLRQ 3URFHGXUH 5
7DFKRPHWHU GRHV QRW ZRUN1
7KH LJQLWLRQ VLJQDO PD\ QRW EH LQSXW IURP WKH HQJLQH/ RU WKHUH PD\ EH D PDOIXQFWLRQ
LQ WKH SRZHU VXSSO\ RU HDUWK FLUFXLW1
+6, 1*
+4, 1*
+5, 1*
&KHFN WKH IROORZLQJ FRQQHFWRUV=
?9*:!&038/ &04:/ &0:4
?7'8!$05</ $0<8/ &048
2.
&KHFN WURXEOH V\PSWRP1
&KHFN WKH IROORZLQJ FRQQHFWRUV=
?9*:!&036
?7'8!$05</ &036/ &04:
2.
&KHFN WURXEOH V\PSWRP1
&KHFN WKH IROORZLQJ FRQQHFWRUV=
&037/ '04</ '05;
2.
&KHFN WURXEOH V\PSWRP1
'LVFRQQHFW WKH FRPELQDWLRQ PHWHU FRQ0
QHFWRU &037 RU &038 DQG PHDVXUH DW
WKH KDUQHVV VLGHV1
+4, 0HDVXUH WKH YROWDJH EHWZHHQ
WHUPLQDO 1R147 DQG ERG\ HDUWK1
2.
=89
+5, &RQWLQXLW\ EHWZHHQ WKH WHUPLQDO
1R146 DQG ERG\ HDUWK
2.
= &RQWLQXLW\
+6, 9ROWDJH EHWZHHQ WKH WHUPLQDO 1R157
DQG ERG\ HDUWK
2.
= 6\VWHP YROWDJH
2.
5HSODFH WKH WDFKRPHWHU1
3UREDEOH FDXVH
- 0DOIXQFWLRQ RI WDFKRPHWHU
- 0DOIXQFWLRQ RI KDUQHVV RU FRQQHFWRU
1*
1*
1*
1*
1*
1*
5HSDLU
&KHFN WKH KDUQHVV ZLUH EHWZHHQ WKH
HQJLQH0(&8 ?9*:! RU UHYROXWLRQ SLFN0
XS VHQVRU ?7'8! DQG FRPELQDWLRQ PH0
WHU/ DQG UHSDLU LI QHFHVVDU\1
5HSDLU
&KHFN WKH KDUQHVV ZLUH EHWZHHQ WKH
FRPELQDWLRQ PHWHU DQG WKH ERG\ HDUWK/
DQG UHSDLU LI QHFHVVDU\1
5HSDLU
&KHFN WKH KDUQHVV ZLUH EHWZHHQ WKH
SRZHU VXSSO\ DQG FRPELQDWLRQ PHWHU/
DQG UHSDLU LI QHFHVVDU\1
Page 27

,QVSHFWLRQ 3URFHGXUH 6
&+$66,6 (/(&75,&$/ ï
&RPELQDWLRQ 0HWHUV
8705:
)XHO JDXJH GRHV QRW ZRUN1
,I WKH VSHHGRPHWHU DQG WDFKRPHWHU DUH QRUPDO/ WKH FLUFXLW IURP WKH LJQLWLRQ VZLWFK
+,*
, WR WKH FRPELQDWLRQ PHWHU LV QRUPDO1
4
$UH WKH VSHHGRPHWHU DQG WDFKRPHWHU
RSHUDWLQJ QRUPDOO\"
2.
'LVFRQQHFW WKH IXHO JDXJH XQLW
FRQQHFWRU (057 DQG PHDVXUH DW WKH
KDUQHVV VLGH1
- 8VH WKH VSHFLDO WRRO WR FRQQHFW D
WHVW ODPS +459ï617:, WR WKH KDUQHVV
FRQQHFWRU1+5HIHU WR WKH LOOXVWUDWLRQ
EHORZ1,
- 7XUQ WKH LJQLWLRQ VZLWFK 211
+4, 7KH WHVW ODPS LV OLW1
+5, 7KH IXHO JDXJH QHHGOH PRYHV DERXW
KDOIZD\1
2.
5HSODFH WKH IXHO JDXJH XQLW1
(DUWK
1*
+4, 1*
+5, 1*
)XHO JDXJH
&KHFN WKH VSHHGRPHWHU FLUFXLW DQG
WDFKRPHWHU FLUFXLW1+5HIHU WR ,QVSHFWLRQ
3URFHGXUH 4 DQG 51,
&KHFN WKH IROORZLQJ FRQQHFWRUV=
&036/ (057/ (074
2.
&KHFN WURXEOH V\PSWRP1
5HSODFH WKH IXHO JDXJH1
3UREDEOH FDXVH
- 0DOIXQFWLRQ RI WKH IXHO JDXJH XQLW
- 0DOIXQFWLRQ RI WKH IXHO JDXJH
- 0DOIXQFWLRQ RI WKH KDUQHVV ZLUH RU FRQQHFWRU
1*
1*
5HSDLU
&KHFN WKH KDUQHVV ZLUH EHWZHHQ
FRPELQDWLRQ PHWHU DQG IXHO JDXJH XQLW/
DQG UHSDLU LI QHFHVVDU\1
0%<<454<
7HV W O D P S
+459²617:,
Page 28

8705;
,QVSHFWLRQ 3URFHGXUH 7
&+$66,6 (/(&75,&$/ ï
&RPELQDWLRQ 0HWHUV
(QJLQH FRRODQW WHPSHUDWXUH JDXJH GRHV QRW ZRUN1
,I WKH VSHHGRPHWHU DQG WDFKRPHWHU DUH QRUPDO/ WKH FLUFXLW IURP WKH LJQLWLRQ VZLWFK
+,*
, WR WKH FRPELQDWLRQ PHWHU LV QRUPDO1
4
$UH WKH VSHHGRPHWHU DQG WDFKRPHWHU
RSHUDWLQJ QRUPDOO\"
2.
'LVFRQQHFW WKH HQJLQH FRRODQW WHPSHUD0
WXUH JDXJH XQLW FRQQHFWRU $093 ?9*:!
RU $0<9 ?7'8! DQG PHDVXUH DW WKH
KDUQHVV VLGH1
-
&RQQHFW D WHVW ODPS +459ï617:, WR
WKH WHUPLQDO 1R14 DQG HDUWK1+5HIHU
WR WKH LOOXVWUDWLRQ EHORZ1,
-
7XUQ WKH LJQLWLRQ VZLWFK 211
+4, 7KH WHVW ODPS LV OLW1
+5, 7KH HQJLQH FRRODQW WHPSHUDWXUH
JDXJH QHHGOH PRYHV DERXW KDOIZD\1
2.
5HSODFH WKH HQJLQH FRRODQW WHPSHUDWXUH
JDXJH XQLW1
?9*:!
&RQQHFWRU
1*
+4, 1*
+5, 1*
&KHFN WKH VSHHGRPHWHU FLUFXLW DQG
WDFKRPHWHU FLUFXLW1+5HIHU WR ,QVSHFWLRQ
3URFHGXUH 4 DQG 51,
&KHFN WKH IROORZLQJ FRQQHFWRUV=
$096/ &043/ &065
2.
&KHFN WURXEOH V\PSWRP1
5HSODFH WKH HQJLQH FRRODQW WHPSHUDWXUH
JDXJH1
3UREDEOH FDXVH
-
0DOIXQFWLRQ RI WKH HQJLQH FRRODQW WHPSHUDWXUH JDXJH
XQLW
-
0DOIXQFWLRQ RI WKH HQJLQH FRRODQW WHPSHUDWXUH JDXJH
-
0DOIXQFWLRQ RI WKH KDUQHVV ZLUH RU FRQQHFWRU
1*
1*
?7'8!
5HSDLU
&KHFN WKH KDUQHVV ZLUH EHWZHHQ
FRPELQDWLRQ PHWHU DQG HQJLQH FRRODQW
WHPSHUDWXUH JDXJH XQLW/ DQG UHSDLU LI
QHFHVVDU\1
(DUWK
0%<<454<
(DUWK
&RQQHFWRU
Page 29

&+$66,6 (/(&75,&$/ ï
,QVSHFWLRQ 3URFHGXUH 8
9HKLFOH VSHHG VHQVRU FLUFXLW V\VWHP LQVSHFWLRQ
9HKLFOH VSHHG VHQVRU LQVSHFWLRQ +5HIHU WR 318705<1,
2.
'LVFRQQHFW WKH YHKLFOH VSHHG VHQVRU FRQQHFWRU %036 DQG PHDVXUH
DW WKH KDUQHVV VLGH1
+4, 9ROWDJH EHWZHHQ WKH WHUPLQDO 1R16 DQG ERG\ HDUWK
2.
=7189RUPRUH
+5, &RQWLQXLW\ EHWZHHQ WHUPLQDO 1R15 DQG ERG\ HDUWK
2.
= &RQWLQXLW\
+6, 9ROWDJH EHWZHHQ WKH WHUPLQDO 1R14 DQG ERG\ HDUWK
2.
= 6\VWHP YROWDJH
+6, 1*
&KHFN WKH IROORZLQJ
FRQQHFWRUV=
%036/ &036/ &063/ '04</
'054
&KHFN WURXEOH V\PSWRP1
&KHFN WKH KDUQHVV ZLUH EHWZHHQ WKH YHKLFOH VSHHG VHQVRU DQG
SRZHU VXSSO\/ DQG UHSDLU LI QHFHVVDU\1
$058;/
2.
1*
1*
5HSDLU
+5, 1*
1*
+4, 1*
&RPELQDWLRQ 0HWHUV
5HSODFH
&KHFN WKH IROORZLQJ
FRQQHFWRUV=
&063
&KHFN WURXEOH V\PSWRP1
&KHFN WKH KDUQHVV ZLUH EHWZHHQ WKH YHKLFOH VSHHG VHQVRU DQG
FRPELQDWLRQ PHWHU/ DQG UHSDLU LI QHFHVVDU\1
&KHFN WKH IROORZLQJ
FRQQHFWRUV=
&KHFN WURXEOH V\PSWRP1
&KHFN WKH KDUQHVV ZLUH EHWZHHQ WKH YHKLFOH VSHHG VHQVRU DQG
ERG\ HDUWK/ DQG UHSDLU LI QHFHVVDU\1
%036/ &036/
1*
1*
%036/ &063
2.
1*
1*
1*
5HSDLU
5HSDLU
8705<
:KHHO FKRFNV
2109(+,&/( 6(59,&(
876333<3546
63(('20(7(5 &+(&.
41 $GMXVW WKH SUHVVXUH RI W\UHV1WR WKH VSHFLILHG OHYHO1
+5HIHU WR *5283 64 ï2Q0YHKLFOH 6HUYLFH1,
51 6HW WKH YHKLFOH RQWR D VSHHGRPHWHU WHVWHU DQG XVH ZKHHO
FKRFNV WR KROG WKH IURQW ZKHHOV1
&DXWLRQ
3ODFH WKH WUDQVIHU VKLIW OHYHU WR 5+ SRVLWLRQ1
61 &KHFN LI WKH VSHHGRPHWHU LQGLFDWRU UDQJH LV ZLWKLQ WKH
VWDQGDUG YDOXHV1
&DXWLRQ
'R QRW RSHUDWH WKH FOXWFK VXGGHQO\1 'R QRW
LQFUHDVH2GHFUHDVH VSHHG UDSLGO\ ZKLOH WHVWLQJ1
6WDQGDUG YDOXH=
6WDQGDUG LQGLFDWLRQ NP2K
+PSK,
73 +53, 73 ï 7; +53 ï 58,
;3 +73, ;3 ï <5 +73 ï 7:,
453 +93, 453 ï 469 +93 ï 9<,
493 +;3, 493 ï 4;3 +;3 ï <4,
$OORZDQFH UDQJH NP2K +PSK,
ï +433, ï +433 ï 447,
Page 30

87063
&+$66,6 (/(&75,&$/ ï
&RPELQDWLRQ 0HWHUV
,QMHFWLRQ SLSH
(QJLQH
VSHHGRPHWHU
7$&+20(7(5 &+(&.
87633433553
?9*:!
41 &RQQHFW WKH 0870,, WR WKH GLDJQRVLV FRQQHFWRU +490SLQ,1
&DXWLRQ
0DNH FHUWDLQ WKDW WKH LJQLWLRQ VZLWFK LV 2)) ZKHQ
WKH 0870,,LV FRQQHFWHG RU GLVFRQQHFWHG1
51 6WDUW WKH HQJLQH DQG UXQ1
61 6HOHFW WKH LWHP 1R155 RI WKH 0870,, 6HUYLFH 'DWD1
71 &RPSDUH WKH UHDGLQJV RI WKH HQJLQH VSHHGRPHWHU DQG
WKH WDFKRPHWHU DW HYHU\ HQJLQH VSHHG/ DQG FKHFN LI WKH
YDULDWLRQV DUH ZLWKLQ WKH VWDQGDUG YDOXH1
6WDQGDUG YDOXH=
:33 U2PLQ=r433 U2PLQ
6/333 U2PLQ=r483 U2PLQ
8/333 U2PLQ=r583 U2PLQ
9/333 U2PLQ=r633 U2PLQ
127(
)RU WDFKRPHWHU LQVSHFWLRQ/ XVH RI D IOX[PHWHU0W\SH HQJLQH
VSHHGRPHWHU LV UHFRPPHQGHG1+%HFDXVH D IOX[PHWHU RQO\
QHHGV WR EH FOLSSHG WR WKH KLJK WHQVLRQ FDEOH1,
?7'8!
41 &RQQHFW WKH HQJLQH VSHHGRPHWHU WR WKH LQMHFWLRQ SLSH1
51 &RPSDUH WKH UHDGLQJV RI WKH HQJLQH VSHHGRPHWHU DQG
WKH WDFKRPHWHU DW HYHU\ HQJLQH VSHHG/ DQG FKHFN LI WKH
YDULDWLRQ DUH ZLWKLQ WKH VWDQGDUG YDOXHV1
)XHO JDXJH XQLW
3RLQW ´(µ
(DUWK
3RLQW ´)µ
6WDQGDUG YDOXH=
:33 U2PLQ=r433 U2PLQ
6/333 U2PLQ=r483 U2PLQ
7/:83 U2PLQ=r493 U2PLQ
8/333 U2PLQ=r583 U2PLQ
)8(/ *$8*( 81,7 &+(&.
87633453696
5HPRYH WKH IXHO JDXJH XQLW IURP WKH IXHO WDQN1
)8(/ *$8*( 81,7 5(6,67$1&(
41 &KHFN WKDW UHVLVWDQFH YDOXH EHWZHHQ WKH IXHO JDXJH
WHUPLQDO DQG HDUWK WHUPLQDO LV DW VWDQGDUG YDOXH ZKHQ
IXHO JDXJH XQLW IORDW LV DW SRLQW ) +KLJKHVW, DQG SRLQW
( +ORZHVW,1
6WDQGDUG YDOXH=
3RLQW )=4ï 8
3RLQW (= 436 ï 44:
:
:
51 &KHFN WKDW UHVLVWDQFH YDOXH FKDQJHV VPRRWKO\ ZKHQ IORDW
PRYHV VORZO\ EHWZHHQ SRLQW ) +KLJKHVW, DQG SRLQW (
+ORZHVW,1
Page 31

&+$66,6 (/(&75,&$/ ï
&RPELQDWLRQ 0HWHUV
87064
3RLQW ) +KLJKHVW,
$
%
3RLQW (
+ORZHVW,
7KHUPLVWRU (DUWK
7KHUPLVWRU
,OOXPLQDWHG
1RW
LOOXPLQDWHG
:8
q
)8(/ *$8*( 81,7 )/2$7 +(,*+7
0RYH IORDW DQG PHDVXUH WKH KHLJKW $ DW SRLQW ) +KLJKHVW,
DQG % DW SRLQW ( +ORZHVW, ZLWK IORDW DUP WRXFKLQJ VWRSSHU1
6WDQGDUG YDOXH=
$=49PP
%= 54<18 PP
7+(50,6725
41 &RQQHFW IXHO JDXJH XQLW +WKHUPLVWRU, WR EDWWHU\ YLD WHVW
ODPS +45 9ï617 :,1 ,PPHUVH LQ ZDWHU1
51 &RQGLWLRQ LV JRRG LI ODPS JRHV RII ZKHQ WKH WKHUPLVWRU
LV LPPHUVHG LQ ZDWHU DQG JRHV RQ ZKHQ LW LV WDNHQ RXW
RI ZDWHU1
&DXWLRQ
$IWHU ILQLVKLQJ WKLV WHVW/ ZLSH WKH XQLW/ GU\ DQG LQVWDOO
LW LQ WKH IXHO WDQN1
?9*:! ?7'8!
44 1P
(1*,1( &22/$17 7(03(5$785( *$8*( 81,7
&+(&.
41 %OHHG WKH HQJLQH FRRODQW1
+5HIHU WR *5283 47 ²2Q0YHKLFOH 6HUYLFH1,
51 5HPRYH WKH HQJLQH FRRODQW WHPSHUDWXUH JDXJH XQLW1
61 ,PPHUVH WKH XQLW LQ :3E& ZDWHU WR PHDVXUH WKH UHVLVWDQFH1
6WDQGDUG YDOXH= 437r4618
71 $IWHU FKHFNLQJ/ DSSO\ WKH VSHFLILHG DGKHVLYH DURXQG WKH
WKUHDG RI HQJLQH FRRODQW WHPSHUDWXUH JDXJH XQLW1
6SHFLILHG VHDODQW=
60 $GKHVLYH 1XW /RFNLQJ 1R1 74:4 RU HTXLYDOHQW
81 $GG HQJLQH FRRODQW1
+5HIHU WR *5283 47 ²2Q0YHKLFOH 6HUYLFH1,
:
876334835;:
Page 32

87065
&+$66,6 (/(&75,&$/ ï
&RPELQDWLRQ 0HWHUV
&20%,1$7,21 0(7(56
5(029$/ $1' ,167$//$7,21
127(
= PHWDO FOLS SRVLWLRQ
876335<357;
6HFWLRQ $ ï $
5
,QVWUXPHQW
SDQHO
&OLS
4
4
$
$
&LUFXLW WHVWHU
5HPRYDO VWHSV
41 0HWHU EH]HO DVVHPEO\
51 &RPELQDWLRQ PHWHU
7XUQ
6KDIW
5HVLVWDQFH
6 ï 43 N
:
,163(&7,21
876339734:6
9(+,&/( 63((' 6(1625 &+(&.
41 5HPRYH WKH YHKLFOH VSHHG VHQVRU DQG FRQQHFW D 6 ï
43 N:UHVLVWDQFH DV VKRZQ LQ WKH LOOXVWUDWLRQ1
51 7XUQ WKH VKDIW RI WKH YHKLFOH VSHHG VHQVRU DQG FKHFN
WKDW WKHUH LV YROWDJH EHWZHHQ WHUPLQDOV 5 ï 61 +4 WXUQ
7 SXOVHV,
Page 33

&+$66,6 (/(&75,&$/ ï
&RPELQDWLRQ 0HWHUV
87066
(QJLQH
FRRODQW
WHPSHUDWXUH
JDXJH
(DUWK
3RZHU
VXSSO\
)XHO
JDXJH
(DUWK
3RZHU
VXSSO\
)8(/ *$8*( 5(6,67$1&( &+(&.
876336334;:
41 5HPRYH WKH SRZHU VXSSO\ WLJKWHQLQJ VFUHZ1
51 8VH D FLUFXLW WHVWHU WR PHDVXUH WKH UHVLVWDQFH YDOXH
EHWZHHQ WKH WHUPLQDOV1
6WDQGDUG YDOXH=
3RZHU VXSSO\ ï (DUWK= 583r58
3RZHU VXSSO\ ï )XHO JDXJH=<4r<14
)XHO JDXJH ï (DUWK= 48<r481<
:
:
:
&DXWLRQ
:KHQ LQVHUWLQJ WKH WHVWLQJ SUREH LQWR WKH SRZHU VXSSO\
WHUPLQDO/ EH FDUHIXO QRW WR WRXFK WKH SULQWHG ERDUG1
(1*,1( &22/$17 7(03(5$785( *$8*(
5(6,67$1&( &+(&.
41 5HPRYH WKH SRZHU VXSSO\ WLJKWHQLQJ VFUHZ1
51 8VH D FLUFXLW WHVWHU WR PHDVXUH WKH UHVLVWDQFH YDOXH
EHWZHHQ WKH WHUPLQDOV1
6WDQGDUG YDOXH=
3RZHU VXSSO\ ï (DUWK= 4:<r4:1<
:
3RZHU VXSSO\ ï (QJLQH FRRODQW WHPSHUDWXUH
JDXJH=87r817
:
(QJLQH FRRODQW WHPSHUDWXUH JDXJH ï (DUWK=
566r5616
:
&DXWLRQ
:KHQ LQVHUWLQJ WKH WHVWLQJ SUREH LQWR WKH SRZHU VXSSO\
WHUPLQDO/ EH FDUHIXO QRW WR WRXFK WKH SULQWHG ERDUG1
Page 34

87067
&+$66,6 (/(&75,&$/ ï
0XOWL00HWHU
08/7,00(7(5 87633:53::;
7528%/(6+227,1*
,163(&7,21 &+$57 )25 7528%/( 6<037206
7URXEOH V\PSWRP ,QVSHFWLRQ SURFHGXUH 5HIHUHQFH SDJH
9ROWPHWHU GRHV QRW ZRUN1 4 87067
2LO SUHVVXUH JDXJH GRHV QRW ZRUN1 5 87068
%HDULQJ LQGFDWRU LV RII ZKHQ PRYLQJ IRUZDUG1+IRU HOHFWURQLF FRPSDVV, 6 87069
9HKLFOH PDJQHWLF FRPSHQVDWLRQ FDQQRW EH PDGH1+IRU HOHFWURQLF
7 87069
FRPSDVV,
'LVFUHSDQF\ EHWZHHQ WKH DFWXDO RXWVLGH WHPSHUDWXUH DQG GLVSOD\HG
8 87069
WHPSHUDWXUH1
'LVSOD\ LV KDUG WR VHH RU QR GLVSOD\ DSSHDUV1 9 8706:
,163(&7,21 352&('85( )25 7528%/( 6<037206
,QVSHFWLRQ 3URFHGXUH 4
9ROWPHWHU GRHV QRW ZRUN1
7KH LJQLWLRQ VZLWFK FLUFXLW V\VWHP/ WKH ERG\ HDUWK FLUFXLW V\VWHP/ WKH SRZHU FLUFXLW
V\VWHP RU WKH YROWPHWHU PD\ EH GHIHFWLYH1
+6, 1*
+4, 1*
+5, 1*
&KHFN WKH IROORZLQJ FRQQHFWRUV=
$058;/ &035/ &076/ '04</ '054
&KHFN WURXEOH V\PSWRPV1 &KHFN WKH KDUQHVV ZLUH EHWZHHQ PXOWL0
&KHFN WKH IROORZLQJ FRQQHFWRUV=
&035/ &076/ '04</ '05;
&KHFN WURXEOH V\PSWRPV1 &KHFN WKH KDUQHVV ZLUH EHWZHHQ PXOWL0
0HDVXUH DW PXOWL0PHWHU FRQQHFWRU &076
'LVFRQQHFW WKH FRQQHFWRU DQG
-
PHDVXUH DW WKH KDUQHVV VLGH1
+4, 9ROWDJH EHWZHHQ WHUPLQDO 1R143 DQG
ERG\ HDUWK1
6\VWHP YROWDJH
2.=
,JQLWLRQ VZLWFK= 21
-
+5, 9ROWDJH EHWZHHQ WHUPLQDO 1R144 DQG
ERG\ HDUWK1
6\VWHP YROWDJH
2.=
+6, &RQWLQXLW\ EHWZHHQ WHUPLQDO 1R16
DQG ERG\ HDUWK1
&RQWLQXLW\
2.=
2.
3UREDEOH FDXVH
0DOIXQFWLRQ RI WKH YROWPHWHU
-
0DOIXQFWLRQ RI WKH KDUQHVV ZLUH RU FRQQHFWRU
-
5HSDLU
PHWHU DQG IXVLEOH OLQN 1R19/DQG UHSDLU
LI QHFHVVDU\1
5HSDLU
PHWHU DQG LJQLWLRQ VZLWFK ,*4/ DQG UHSDLU
LI QHFHVVDU\1
5HSODFH WKH YROWPHWHU1
&KHFN WKH IROORZLQJ FRQQHFWRUV=
&035/ &076
&KHFN WURXEOH V\PSWRPV1 &KHFN WKH KDUQHVV ZLUH EHWZHHQ PXOWL0
5HSDLU
PHWHU DQG ERG\ HDUWK/ DQG UHSDLU LI QHF0
HVVDU\1
Page 35

,QVSHFWLRQ 3URFHGXUH 5
&+$66,6 (/(&75,&$/ ï
0XOWL00HWHU
87068
2LO SUHVVXUH JDXJH GRHV QRW ZRUN1
7KH RLO SUHVVXUH JDXJH XQLW/ WKH RLO SUHVVXUH XQLW FLUFXLW V\VWHP1 7KH LJQLWLRQ VZLWFK
FLUFXLW V\VWHP/ WKH ERG\ HDUWK FLUFXLW V\VWHP/ WKH PXOWL0PHWHU SRZHU FLUFXLW V\VWHP
RU WKH RLO SUHVVXUH JDXJH PD\ EH GHIHFWLYH1
0HDVXUH DW RLO SUHVVXUH JDXJH XQLW FRQ0
QHFWRU &076
-
'LVFRQQHFW WKH ZLULQJ FRQQHFWRU
$073 IURP WKH RLO SUHVVXUH JDXJH
XQLW1
-
6WDUW WKH HQJLQH DQG OHW LW UXQ DW
LGOH1
-
5HVLVWDQFH EHWZHHQ RLO SUHVVXUH
JDXJH XQLW WHUPLQDO DQG RLO ILOWHU FDVH
+HQJLQH HDUWK,1
2.=
$SSUR[15
0HDVXUH DW RLO SUHVVXUH JDXJH XQLW FRQ0
QHFWRU $073
-
'LVFRQQHFW WKH FRQQHFWRU DQG
PHDVXUH DW WKH KDUQHVV VLGH1
-
&RQQHFW D WHVW ODPS +45 9ï617
:, WR WKH KDUQHVV FRQQHFWRU DQG
HDUWK1+5HIHU WR WKH LOOXVWUDWLRQ
EHORZ1,
-
,JQLVVLRQ VZLWFK= 21
+4, 7KH WHVW ODPS LV OLW1
+5, 7KH WHVW RLO SUHVVXUH JDXJH QHHGOH
VZD\V1
0HDVXUH DW PXOWL0PHWHU FRQQHFWRU &076
-
'LVFRQQHFW WKH FRQQHFWRU DQG
PHDVXUH DW WKH KDUQHVV VLGH1
+4, 9ROWDJH EHWZHHQ WHUPLQDO 1R143 DQG
ERG\ HDUWK1
2.=
-
+5, 9ROWDJH EHWZHHQ WHUPLQDO 1R144 DQG
+6, &RQWLQXLW\ EHWZHHQ WHUPLQDO 1R16
5HSODFH WKH RLO SUHVVXUH JDXJH1
6\VWHP YROWDJH
,JQLWLRQ VZLWFK= 21
ERG\ HDUWK1
2.=
6\VWHP YROWDJH
DQG ERG\ HDUWK1
2.=
&RQWLQXLW\
:
2.
2.
2.
+6, 1*
1*
+4, 1*
+5, 1*
+4, 1*
+5, 1*
5HSODFH WKH RLO SUHVVXUH JDXJH XQLW1
&KHFN WKH IROORZLQJ FRQQHFWRUV=
$073/ &035/ &044/ &048 ?7'8!/ &04:
?9*:!
2.
&KHFN WURXEOH V\PSWRPV1 &KHFN WKH KDUQHVV ZLUH EHWZHHQ RLO
5HSODFH WKH RLO SUHVVXUH JDXJH1
&KHFN WKH IROORZLQJ FRQQHFWRUV=
$058;/ &035/ &076/ '04</ '054
2.
&KHFN WURXEOH V\PSWRPV1 &KHFN WKH KDUQHVV ZLUH EHWZHHQ PXOWL0
&KHFN WKH IROORZLQJ FRQQHFWRUV=
&035/ &076/ '04</ '05;
2.
&KHFN WURXEOH V\PSWRPV1 &KHFN WKH KDUQHVV ZLUH EHWZHHQ PXOWL0
&KHFN WKH IROORZLQJ FRQQHFWRUV=
&035/ &076
2.
&KHFN WURXEOH V\PSWRPV1 &KHFN WKH KDUQHVV ZLUH EHWZHHQ PXOWL0
3UREDEOH FDXVH
-
0DOIXQFWLRQ RI WKH RLO SUHVVXUH JDXJH XQLW
-
0DOIXQFWLRQ RI WKH RLO SUHVVXUH JDXJH
-
0DOIXQFWLRQ RI WKH KDUQHVV ZLUH RU FRQQHFWRU
1*
1*
1*
1*
1*
1*
1*
1*
5HSDLU
SUHVVXUH JDXJH XQLW DQG PXOWL0PHWHU/
DQG UHSDLU LI QHFHVVDU\1
5HSDLU
PHWHU DQG IXVLEOH OLQN 1R19/DQG UHSDLU
LI QHFHVVDU\1
5HSDLU
PHWHU DQG LJQLWLRQ VZLWFK ,*4/ DQG UHSDLU
LI QHFHVVDU\1
5HSDLU
PHWHU DQG ERG\ HDUWK/ DQG UHSDLU LI QHF0
HVVDU\1
(DUWK
&RQQHFWRU $073
Page 36

87069
,QVSHFWLRQ 3URFHGXUH 6
&+$66,6 (/(&75,&$/ ï
0XOWL00HWHU
%HDULQJ LQGLFDWRU LV RII ZKHQ PRYLQJ IRUZDUG1+IRU HOHFWULF
3UREDEOH FDXVH
FRPSDVV,
7KH YHKLFOH PDJQHWLVP WHQGV WR EH GLVWXUEHG SDUWLFXODUO\ DW VXFK SODFHV DV WXQQHO/
UDLOZD\ FURVVLQJ/ DUHD DORQJ UDLOZD\/ HOHYDWHG URDG/ XUEDQ DERYH VXEZD\/ HWF1 LI
GLVWXUEHG/ WKH GULYLQJ GLUHFWLRQ PDUNHU ZLOO IOXFWXDWH1
9HKLFOH PDJDQHWLF FRPSHQVDWLRQ1+5HIHU WR 318706;,
- 7KH YHKLFOH PDJQHLWLF FRPSHQVDWLRQ IDLOHG
,QVSHFWLRQ 3URFHGXUH 7
9HKLFOH PDJQHWLF FRPSHQVDWLRQ FDQQRW EH PDGH1+IRU
3UREDEOH FDXVH
HOHFWURQLF FRPSDVV,
7KH PXOWL0PHWHU +RXWVLGH WHPSHUDWXUH PHWHU RI WKH HOHFWURQLF FRPSDVV, PD\ EHGHIHFWLYH1 - 0DOIXQFWLRQ RI WKH PXOWL0PHWHU +RXWVLGH WHPSHUDWXUH
0RYH WKH YHKLFOH WR EH FKHFNHG WR DQRWKHU SODFH1+0RYHWRDZLGH
IODW SODFH ZKHUH WKH YHKLFOH PDJQHWLF FRPSHQVDWLRQ FDQ EH FDUULHG
RXW1,
&KHFN DJDLQ WKDW WKH YHKLFOH PDJQHWLF FRPSHQVDWLRQ FDQ EH FDUULHG
RXW1
1R
&KHFN WURXEOH V\PSWRPV1
1*
<HV
- &RPSHQVDWLRQ LV GLIILFXOW GXH WRKH PDJQHW GLUHFWLRQ DQG GLUHFWLRQ
- 7KHUH LV D GLVWXUELQJ PDJQHWLF ILHOG LQ WKH DUHD/ DQG
PHWHU DQG HOHFWURQLF FRPSDVV,
RI WKH YHKLFOH DW WKH VWDUW RI FRPSHQVDWLRQ1
FRPSHQVDWLRQ LV GLIILFXOW1
5HSODFH WKH RXWVLGH WHPSHUDWXUH PHWHU DQG HOHFWURQLF FRPSDVV
DVVHPEO\
,QVSHFWLRQ 3URFHGXUH 8
'LVFUHSDQF\ EHWZHHQ WKH DFWXDO RXWVLGH WHPSHUDWXUH DQG
GLVSOD\HG WHPSHUDWXUH1
7KH RXWVLGH WKHUPR VHQVRU/ PXOWL0PHWHU +RXWVLGH WHPSHUDWXUH PHWHU DQG HOHFWURQLF
FRPSDVV,/ KDUQHVV/ RU FRQQHFWRU PD\ EH GHIHFWLYH1
&KHFN LQWHUQDO UHVLVWDQFH RI WKH WKHUPR
VHQVRU1+5HIHU WR 31870731,
2.
0HDVXUH DW WKH PXOWL0PHWHU FRQQHFWRU
&0761
- &RQQHFW WKH FRQQHFWRU DQG PHDVXUH
YROWDJH RI WKH VHQVRU DW WKH IROORZLQJ
WHPSHUDWXUH1
- 9ROWDJH EHWZHHQ WHUPLQDOV +8, ï +46,
2.=
51<3 9 +ZKHQ GLVSOD\ WHPSHUD0
WXUH LV 3E&,
41;9 9 +ZKHQ GLVSOD\ WHPSHUD0
WXUH LV 53E&,
4143 9 +ZKHQ GLVSOD\ WHPSHUD0
WXUH LV 73E&,
1*
1*
2.
5HSODFH
&KHFN WKH IROORZLQJ FRQQHFWRUV=
$06;/ &035/ &076/ '047
2.
&KHFN WURXEOH V\PSWRP1
5HSODFH WKH RXWVLGH WHPSHUDWXUH PHWHU
DQG HOHFWURQLF FRPSDVV1
3UREDEOH FDXVH
- 0DOIXQFWLRQ RI WKH RXWVLGH WKHUPR VHQVRU
- 0DOIXQFWLRQ RI WKH PXOWL0PHWHU +RXWVLGH WHPSHUDWXUH
PHWHU DQG HOHFWURQLF FRPSDVV,
- 0DOIXQFWLRQ RI WKH KDUQHVV RU FRQQHFWRU
1*
1*
5HSDLU
&KHFN WKH KDUQHVV EHWZHHQ RXWVLGH
WKHUPR VHQVRU DQG PXOWL0PHWHU1 5HSDLU
LI QHFHVVDU\1
Page 37

,QVSHFWLRQ 3URFHGXUH 9
&+$66,6 (/(&75,&$/ ï
0XOWL00HWHU
8706:
'LVSOD\ LV KDUG WR VHH RU QR GLVSOD\ DSSHDUV1
7KH 7KH PXOWL0PHWHU +RXWVLGH WHPSHUDWXUH PHWHU RI WKH HOHFWURQLF FRPSDVV,/ KDUQHVV/
RU FRQQHFWRU PD\ EH GHIHFWLYH1
0HDVXUH DW PXOWL0PHWHU FRQQHFWRU &076
- 'LVFRQQHFW WKH FRQQHFWRU DQG
PHDVXUH DW WKH KDUQHVV VLGH1
+4, 9ROWDJH EHWZHHQ WHUPLQDO 1R143 DQG
ERG\ HDUWK1
2.=
+5, &RQWLQXLW\ EHWZHHQ WHUPLQDO 1R16
+6, &RQWLQXLW\ EHWZHHQ WHUPLQDO 1R19
&KHFN WKH EDFN0ODPS EXOE LQ WKH PXOWL0
PHWHU
- ,QVWDOO WKH PXOWL0PHWHU
- ,JQLWLRQ VZLWFK= 21
5HSODFH WKH RXWVLGH WHPSHUDWXUH PHWHU
DQG HOHFWURQLF FRPSDVV DVVHPEO\1
6\VWHP YROWDJH
DQG ERG\ HDUWK1
2.=
&RQWLQXLW\
DQG ERG\ HDUWK1
2.=
&RQWLQXLW\
2.=
%DFN0ODPS LOOXPLQDWH
2.
2.
+4, 1*
+5,/ +6, 1*
1*
&KHFN WKH IROORZLQJ FRQQHFWRUV=
$058;/ &035/ &076/ '04</ '054
2.
&KHFN WURXEOH V\PSWRPV1 &KHFN WKH KDUQHVV ZLUH EHWZHHQ PXOWL0
&KHFN WKH IROORZLQJ FRQQHFWRUV=
&035/ &076
2.
&KHFN WURXEOH V\PSWRPV1 &KHFN WKH KDUQHVV ZLUH EHWZHHQ PXOWL0
5HSODFH WKH EDFN0ODPS EXOE1
3UREDEOH FDXVH
- 0DOIXQFWLRQ RI WKH PXOWL0PHWHU +RXWVLGH WHPSHUDWXUH
PHWHU DQG HOHFWURQLF FRPSDVV,
- %ORZQ EDFN0ODPS
- 0DOIXQFWLRQ RI WKH KDUQHVV ZLUH DQG FRQQHFWRU
1*
1*
1*
1*
5HSDLU
PHWHU DQG IXVLEOH OLQN 1R19/DQG UHSDLU
LI QHFHVVDU\1
5HSDLU
PHWHU DQG ERG\ HDUWK/ DQG UHSDLU LI QHF0
HVVDU\1
Page 38

8706;
&+$66,6 (/(&75,&$/ ï
0XOWL00HWHU
2109(+,&/( 6(59,&(
87633<:335<
9(+,&/( 0$*1(7,& &203(16$7,21
41 :KHQ WKH YHKLFOH PDJQHWLF FRPSHQVDWLRQ VZLWFK +6, LV
SUHVVHG/ ´6µ ZLOO GLVSOD\ RQ WKH IXOO VFDOH1 :KHQ SUHVVHG
GRZQ ORQJHU +318 VHFRQG RU PRUH,/ WKH ´6µ GLVSOD\ ZLOO
PRYH WR WKH ULJKW WXUQ RU OHIW WXUQ/ DQG WKH PDJQHWLF
FRPSHQVDWLRQ PRGH ZLOO EH HQWHUHG1
51 7KH FRPSHQVDVWLRQ ZLOO EH FRPSOHWHG DXWRPDWLFDOO\ ZKHQ
WKH YHKLFOH LV VORZO\ VWHHUHG 693E RU PRUH1
127(
- 7KH FRPSHQVDWLRQ FDQ EH FDUULHG RXW E\ VWHHULQJ
WR WKH ULJKW RU WR WKH OHIW1
- 7KH ´6µ GLVSOD\ VSHHG ZLOO LQFUHDVH DV WKH
FRPSHQVDWLRQ GHJUHH DGYDQFHV1
61 ,I WKHUH LV QRW HQRXJK VSDFH WR VWHHU WKH YHKLFOH/ URWDWH
WKH YHKLFOH RQFH ZLWKRXW WXUQLQJ WKH KDQGOH1
71 $IWHU FRPSHQVDWLRQ LV FRPSOHWHG/ WKH IRUZDUG GLUHFWLRQ
ZLOO EH GLVSOD\HG1
Page 39

&+$66,6 (/(&75,&$/ ï
0XOWL00HWHU
8706<
08/7,00(7(5
5(029$/ $1' ,167$//$7,21
$
876336<3387
9LHZ $
4
%
%
5
6HFWLRQ % ï %
,QVWUXPHQW SDQHO
&OLS
5HPRYDO VWHSV
41 0XOWL0PHWHU SDQHO
51 0XOWL0PHWHU
',6$66(0%/< $1' 5($66(0%/<
7
5
6
87633743397
;
4
8
:
9
'LVDVVHPEO\ VWHSV
41 %XOE
51 0HWHU JDUQLVK
61 0HWHU JODVV
71 :LQGRZ SODWH
81 2LO SUHVVXUH JDXJH
91 9ROWPHWHU
:1 (OHFWURQLF FRPSDVV
;1 0HWHU FDVH
Page 40

87073
&+$66,6 (/(&75,&$/ ï
2XWVLGH 7KHUPR 6HQVRU
2876,'( 7+(502 6(1625 87633363456
6(59,&( 63(&,),&$7,216
,WHPV 6WDQGDUG YDOXH
,QWHUQDO UHVLVWDQFH RI RXWVLGH WKHUPR VHQVRU : $W 53E& $SSUR[1 4/533
$W 73E& $SSUR[1 833
2876,'( 7+(502 6(1625
5(029$/ $1' ,167$//$7,21
4
6
87633<83363
5
41 )URQW WXUQ0VLJQDO ODPS +/1+1,
51 %UDFNHW
61 2XWVLGH WKHUPR VHQVRU
7KHUPRPHWHU
6HQVRU
'U\HU
,163(&7,21
2876,'( 7+(502 6(1625 ,17(51$/ 5(6,67$1&(
&+(&.
&KHFN WKH LQWHUQDO UHVLVWDQFH RI WKH RXWVLGH WKHUPR VHQVRU
DUH DW WKH VWDQGDUG YDOXHV DW WHPSHUDWXUHV RI 53E& DQG 73E&1
6WDQGDUG YDOXH=
$SSUR[1 4/533 : +DW 53E&,
$SSUR[1 833 : +DW 73E&,
87633<9334<
Page 41

&+$66,6 (/(&75,&$/ ï
+HDGODPS DQG )URQW &RPELQDWLRQ /DPS
87074
+($'/$03 $1' )5217 &20%,1$7,21 /$03 8753336359:
6(59,&( 63(&,),&$7,216
,WHPV 6WDQGDUG YDOXH /LPLW
+HDGODPS DLPLQJ IRU ORZ 9HUWLFDO GLUHFWLRQ 93 PP EHORZ KRUL]RQWDO ++, ï
EHDP
+RUL]RQWDO GLUHFWLRQ 3RVLWLRQ ZKHUH WKH 48E VORSLQJ VHFWLRQ
LQWHUVHFWV WKH YHUWLFDO OLQH +9,
+HDGODPS LQWHQVLW\ FG ï 63/333 RU PRUH
ï
63(&,$/ 722/6
7RRO 1XPEHU 1DPH 8VH
0%<<4835 0870,, VXE DV0
VHPEO\
$
%
&
'
0%<<4556
$= 0%<<454<
%= 0%<<4553
&= 0%<<4554
'= 0%<<4555
+DUQHVV VHW
$= 7HVW KDUQHVV
%= /(' KDUQHVV
&= /(' KDUQHVV
DGDSWHU
'= 3UREH
875333938:3
(7$&60(&8 LQSXW VLJQDO FKHFNLQJ
0DNLQJ YROWDJH DQG UHVLVWDQFH PHDVXUHPHQWV
GXULQJ WURXEOHVKRRWLQJ
$= &RQQHFWRU SLQ FRQWDFW SUHVVXUH LQVSHFWLRQ
%= 3RZHU FLUFXLW LQVSHFWLRQ
&= 3RZHU FLUFXLW LQVSHFWLRQ
'= &RPPHUFLDO WHVWHU FRQQHFWLRQ
Page 42

87075
&+$66,6 (/(&75,&$/ ï
+HDGODPS DQG )URQW &RPELQDWLRQ /DPS
7528%/(6+227,1*
87533<33433
7KH VSHFLDO WRRO +0%<<4556, VKRXOG DOZD\V EH XVHG WR PHDVXUH YROWDJHV DQG UHVLVWDQFHV ZKHQ FDUU\LQJ
RXW WURXEOHVKRRWLQJ1
',$*126,6 )81&7,21
,1387 6,*1$/ ,163(&7,21 32,176
41 &RQQHFW WKH 0870,, WR WKH GLDJQRVLV FRQQHFWRU1
51 ,I EX]]HU RI WKH 0870,, VRXQGV RQFH ZKHQ D VZLWFK LV
RSHUDWHG +2122)),/ WKH (7$&60(&8 LQSXW VLJQDO IRU WKDW
VZLWFK FLUFXLW V\VWHP LV QRUPDO1
0%<<4835
,163(&7,21 &+$57 )25 7528%/( 6<037206
87533<43559
7URXEOH V\PSWRPV ,QVSHFWLRQ
SURFHGXUH
&RPPXQLFDWLRQ ZLWK 0870,,LV LPSRVVL0
EOH1
7KH OLJKWLQJ PRQLWRU EX]]HU GRHVQ·W VRXQG XQGHU WKH IROORZLQJ FRQGLWLRQV ZKLOH WDLO
ODPSV RU KHDGODPSV LOOXPLQDWH1
-
:KHQ WKH LJQLWLRQ VZLWFK LV WXUQHG WR 2)) DQG WKH GULYHU·V VLGH GRRU LV RSHQ1
+HDGODPS OHYHOLQJ GRHV QRW RFFXU ZKHQ WKH KHDGODPS OHYHOLQJ VZLWFK LV RSHUDWHG1 8 87077
7KH KHDGODPSV GR QRW LOOXPLQDWH ZKHQ WKH YHKLFOH LV LQ WKH IROORZLQJ FRQGLWLRQ DQG WKH
LJQLWLRQ VZLWFK LV DW WKH 21 SRVLWLRQ1 +RZHYHU/ WKH KHDGODPSV LOOXPLQDWH ZKHQ WKH
OLJKWLQJ VZLWFK LV PRYHG WR WKH +($' SRVLWLRQ1
?9HKLFOHV ZLWK GD\WLPH UXQQLQJ ODPS V\VWHP!
-
/LJKWLQJ VZLWFK= 2))
-
3DVVLQJ VZLWFK= 2))
7KH KHDGODPSV GR QRW VZLWFK RII ZKHQ WKH YHKLFOH LV LQ WKH IROORZLQJ FRQGLWLRQ DQG WKH
OLJKWLQJ VZLWFK LV PRYHG WR WKH 7$,/ SRVLWLRQ1
?9HKLFOHV ZLWK GD\WLPH UXQQLQJ ODPS V\VWHP!
-
,JQLWLRQ VZLWFK= 2))
-
3DVVLQJ VZLWFK= 2))
&RPPXQLFDWLRQ ZLWK DOO V\VWHPV LV
LPSRVVLEOH1
&RPPXQLFDWLRQ ZLWK RQH0VKRW SXOVH LQSXW
VLJQDO RQO\ LV LPSRVVLEOH1
4 87076
5 87076
6 87076
9 87078
: 87079
5HIHUHQFH
SDJH
Page 43

&+$66,6 (/(&75,&$/ ï
+HDGODPS DQG )URQW &RPELQDWLRQ /DPS
,163(&7,21 352&('85( )25 7528%/( 6<037206
,QVSHFWLRQ 3URFHGXUH 4
87076
&RPPXQLFDWLRQ ZLWK 0870,,LV LPSRVVLEOH1
+&RPPXQLFDWLRQ ZLWK DOO V\VWHPV LV LPSRVVLEOH1,
7KH FDXVH LV SUREDEO\ D GHIHFWLYH SRZHU VXSSO\ V\VWHP +LQFOXGLQJ HDUWK, IRU WKH
GLDJQRVLV OLQH1
5HIHU WR *5283 46$ ï 7URXEOHVKRRWLQJ1
,QVSHFWLRQ 3URFHGXUH 5
&RPPXQLFDWLRQ ZLWK 0870,,LV LPSRVVLEOH1+&RPPXQLFD0
WLRQ ZLWK WKH RQH0VKRW SXOVH LQSXW VLJQDO RQO\ LV
LPSRVVLEOH1,
7KH FDXVH LV SUREDEO\ D GHIHFWLYH RQH0VKRW SXOVH LQSXW FLUFXLW V\VWHP RI WKH GLDJQRVLV
OLQH1
&KHFN WKH KDUQHVV ZLUH EHWZHHQ WKH
GLDJQRVLV FRQQHFWRU DQG (7$&60(&81
1*
5HSDLU
2.
&KHFN WKH IROORZLQJ FRQQHFWRUV=
&096/ '063
2.
&KHFN WURXEOH V\PSWRP1
,QVSHFWLRQ 3URFHGXUH 6
7KH LJQLWLRQ VZLWFK LV WXUQHG WR WKH 2)) SRVLWLRQ DQG WKH
GULYHU·V VLGH GRRU LV RSHQHG ZKLOH WKH WDLO ODPSV RU
KHDGODPSV DUH RSHUDWLQJ/ EXW WKH OLJKW UHPLQGHU ZDUQLQJ
EX]]HU GRHV QRW VRXQG1
7KH FDXVH LV SUREDEO\ D GHIHFWLYH OLJKWLQJ VZLWFK LQSXW FLUFXLW V\VWHP RU D GHIHFWLYH
GULYHU·V VLGH GRRU VZLWFK LQSXW FLUFXLW V\VWHP1
3UREDEOH FDXVH
- 0DOIXQFWLRQ RI FRQQHFWRU
- 0DOIXQFWLRQ RI KDUQHVV ZLUH
3UREDEOH FDXVH
- 0DOIXQFWLRQ RI FRQQHFWRU
- 0DOIXQFWLRQ RI KDUQHVV ZLUH
- 0DOIXQFWLRQ RI (7$&60(&8
1*
1*
5HSDLU
5HSODFH WKH (7$&60(&81
3UREDEOH FDXVH
- 0DOIXQFWLRQ RI GULYHU·V VLGH GRRU VZLWFK
- 0DOIXQFWLRQ RI KDUQHVV RU FRQQHFWRU
- 0DOIXQFWLRQ RI (7$&60(&8
'ULYHU·V VLGH GRRU VZLWFK LQSXW FLUFXLW
V\VWHP FKHFN
+5HIHU WR ,QVSHFWLRQ 3URFHGXUH 71,
2.
&KHFN WKH IROORZLQJ FRQQHFWRUV=
$058;/ '054/ '064
2.
&KHFN WURXEOH V\PSWRP1
1*
1*
5HSDLU
&KHFN WKH KDUQHVV ZLUH EHWZHHQ WKH
MXQFWLRQ EORFN DQG WDLO ODPS UHOD\1
1*
5HSDLU
2.
5HSODFH WKH (7$&60(&81
Page 44

87077
&+$66,6 (/(&75,&$/ ï
+HDGODPS DQG )URQW &RPELQDWLRQ /DPS
,QVSHFWLRQ 3URFHGXUH 7
'ULYHU·V VLGH GRRU VZLWFK LQSXW FLUFXLW V\VWHP FKHFN
'RRU VZLWFK FRQWLQXLW\ FKHFN +5HIHU WR
*5283 75 ï 'RRU $VVHPEO\1,
2.
'RRU VZLWFK HDUWK FKHFN
2.
'LVFRQQHFW WKH GRRU VZLWFK FRQQHFWRU
(05: DQG PHDVXUH DW WKH KDUQHVV VLGH1
- 9ROWDJH EHWZHHQ WKH WHUPLQDO 1R1
5 DQG ERG\ HDUWK
2.=
8 9
2.
&KHFN WURXEOH V\PSWRP1
1*
5HSODFH WKH (7$&60(&81
1*
1*
1*
5HSODFH
5HSDLU
&KHFN WKH IROORZLQJ FRQQHFWRUV=
'ï5:/ '064/ (05:/ (073
2.
&KHFN WURXEOH V\PSWRP1
1*
1*
5HSDLU
&KHFN WKH KDUQHVV ZLUH EHWZHHQ WKH
GRRU VZLWFK DQG MXQFWLRQ EORFN/ DQG UH0
SDLU LI QHFHVVDU\1
Page 45

&+$66,6 (/(&75,&$/ ï
,QVSHFWLRQ SURFHGXUH 8
+HDGODPS DQG )URQW &RPELQDWLRQ /DPS
87078
+HDGODPS OHYHOLQJ GRHV QRW RFFXU ZKHQ WKH KHDGODPS
OHYHOLQJ VZLWFK LV RSHUDWHG1
7KH FDXVH LV SUREDEO\ D PDOIXQFWLRQ RI WKH KHDGODPS OHYHOLQJ VZLWFK FLUFXLW V\VWHP
RU D PDOIXQFWLRQ RI WKH KHDGODPS OHYHOLQJ XQLW FLUFXLW V\VWHP1
,I WKHUH LV D EORZQ IXVH/ WKHUH PD\ DOVR EH D VKRUW0FLUFXLW LQ D KDUQHVV1
+HDGODPS OHYHOLQJ VZLWFK FKHFN
+5HIHU WR 31870841,
2.
'LVFRQQHFW WKH KHDGODPS OHYHOLQJ
VZLWFK FRQQHFWRU &05: DQG PHDVXUH DW
WKH KDUQHVV VLGH1
- &RQWLQXLW\ EHWZHHQ WHUPLQDO 1R16
DQG HDUWK
2.=
&RQWLQXLW\
2.
'LVFRQQHFW WKH KHDGODPS OHYHOLQJ XQLW
FRQQHFWRUV $064/ $085 DQG PHDVXUH DW
WKH KDUQHVV VLGH1 %RWK WKH OHIW DQG ULJKW
FRQQHFWRUV RI WKH KHDGODPS OHYHOLQJ XQLW
VKRXOG EH FKHFNHG1
+4, 9ROWDJH EHWZHHQ WHUPLQDO 1R16 DQG
HDUWK
2.=
+5, &RQWLQXLW\ EHWZHHQ WHUPLQDO 1R15
6\VWHP YROWDJH
DQG HDUWK
2.=
&RQWLQXLW\
2.
1*
1*
+4, 1*
+5, 1*
5HSODFH
&KHFN WKH IROORZLQJ FRQQHFWRU=
&05:
2.
&KHFN WURXEOH V\PSWRPV1
&KHFN WKH IROORZLQJ FRQQHFWRUV=
$064/ $085
2.
&KHFN WURXEOH V\PSWRPV1
&KHFN WKH IROORZLQJ FRQQHFWRUV=
$064/ $085
2.
&KHFN WURXEOH V\PSWRPV1
3UREDEOH FDXVH
- 0DOIXQFWLRQ RI IXVH
- 0DOIXQFWLRQ WKH KHDGODPS OHYHOLQJ VZLWFK
- 0DOIXQFWLRQ RI FRQQHFWRU
- 0DOIXQFWLRQ RI KDUQHVV ZLUH
- 0DOIXQFWLRQ RI WKH KHDGODPS OHYHOLQJ XQLW
1*
1*
1*
1*
1*
1*
5HSDLU
&KHFN WKH KDUQHVV ZLUH EHWZHHQ WKH
KHDGODPS OHYHOLQJ VZLWFK DQG ERG\
HDUWK1 5HSDLU/ LI QHFHVVDU\1
5HSDLU
&KHFN WKH KDUQHVV ZLUH EHWZHHQ WKH
KHDGODPS OHYHOLQJ XQLW DQG WKH KHDG0
ODPS OHYHOLQJ UHOD\1 5HSDLU/ LI QHFHVVDU\1
5HSDLU
&KHFN WKH KDUQHVV ZLUH EHWZHHQ WKH
KHDGODPS OHYHOLQJ XQLW DQG ERG\ HDUWK1
5HSDLU/ LI QHFHVVDU\1
'LVFRQQHFW WKH KHDGODPS OHYHOLQJ XQLW
+/+,/ KHDGODPS OHYHOLQJ XQLW +5+, DQG
KHDGODPS OHYHOLQJ VZLWFK FRQQHFWRUV
$064/ $085/ &05: DQG PHDVXUH DW WKH
KDUQHVV VLGH1
- &RQWLQXLW\ EHWZHHQ WHUPLQDO 1R14
RI WKH KHDGODPS OHYHOLQJ XQLW +ERWK,
DQG WHUPLQDO 1R17RI WKH KHDGODPS
OHYHOLQJ VZLWFK1
2.=
&RQWLQXLW\
2.
0DOIXQFWLRQ RI WKH KHDGODPS OHYHOLQJ
XQLW1
1*
&KHFN WKH IROORZLQJ FRQQHFWRUV=
$064/ $085/ &05:
2.
&KHFN WURXEOH V\PSWRPV1
5HSODFH
1*
1*
5HSDLU
&KHFN WKH KDUQHVV ZLUH EHWZHHQ WKH
KHDGODPS OHYHOLQJ VZLWFK DQG WKH KHDG0
ODPS OHYHOLQJ XQLW +ERWK,1 5HSDLU/ LI QHF0
HVVDU\1
Page 46

87079
&+$66,6 (/(&75,&$/ ï
,QVSHFWLRQ SURFHGXUH 9
+HDGODPS DQG )URQW &RPELQDWLRQ /DPS
7KH KHDGODPSV GR QRW LOOXPLQDWH ZKHQ WKH YHKLFOH LV LQ WKH
IROORZLQJ FRQGLWLRQ DQG WKH LJQLWLRQ VZLWFK LV PRYHG WR WKH
21 SRVLWLRQ1 +RZHYHU/ WKH\ LOOXPLQDWH ZKHQ WKH OLJKWLQJ
VZLWFK LV PRYHG WR WKH +($' SRVLWLRQ1
?9HKLFOHV ZLWK GD\WLPH UXQQLQJ ODPS!
-
/LJKWLQJ VZLWFK= 2))
-
3DVVLQJ VZLWFK= 2))
7KH FDXVH LV SUREDEO\ D PDOIXQFWLRQ RI WKH GD\WLPH UXQQLQJ ODPS FRQWURO XQLW +'5/0(&8,
FLUFXLW V\VWHP1 ,I WKHUH LV D EORZQ IXVH/ WKHUH PD\ DOVR EH D VKRUW0FLUFXLW LQ D KDUQHVV1
'5/ UHOD\ +4, FKHFN
+5HIHU WR 31870851,
2.
'LVFRQQHFW WKH '5/ UHOD\ +4, FRQQHFWRU
$0;3 DQG PHDVXUH DW WKH KDUQHVV VLGH1
-
,JQLWLRQ VZLWFK= 21
+4, 9ROWDJH EHWZHHQ WHUPLQDO 1R17 DQG
HDUWK
2.=
+5, 9ROWDJH EHWZHHQ WHUPLQDO 1R16 DQG
+6, &RQWLQXLW\ EHWZHHQ WHUPLQDO 1R14
6\VWHP YROWDJH
HDUWK
2.=
6\VWHP YROWDJH ZKHQ WKH
OLJKWLQJ VZLWFK LV DW +($' DQG
3 9 ZKHQ LW LV DW 2))1
DQG HDUWK
2.=
&RQWLQXLW\
1*
+4, 1*
+5, 1*
5HSODFH
&KHFN WKH IROORZLQJ FRQQHFWRUV=
$063/ $0;3/ '054/ '05;
2.
&KHFN WURXEOH V\PSWRPV1
&KHFN WKH IROORZLQJ FRQQHFWRUV=
$063/ $067/ $083/ $0;3
2.
&KHFN WURXEOH V\PSWRPV1
3UREDEOH FDXVH
-
0DOIXQFWLRQ RI IXVH
-
0DOIXQFWLRQ RI FRQQHFWRU
-
0DOIXQFWLRQ RI KDUQHVV ZLUH
-
0DOIXQFWLRQ RI WKH '5/ UHOD\ +4,
-
0DOIXQFWLRQ RI WKH '5/0(&8
1*
1*
1*
1*
5HSDLU
&KHFN WKH KDUQHVV ZLUH EHWZHHQ WKH
'5/ UHOD\ +4, DQG WKH LJQLWLRQ VZLWFK1
5HSDLU/ LI QHFHVVDU\1
5HSDLU
&KHFN WKH KDUQHVV ZLUH EHWZHHQ WKH
'5/ UHOD\ +4, DQG WKH KHDGODPS1 5HSDLU/
LI QHFHVVDU\1
2.
0DOIXQFWLRQ RI WKH '5/0(&8
+6, 1*
&KHFN WKH IROORZLQJ FRQQHFWRUV=
$065/ $0;3
2.
&KHFN WURXEOH V\PSWRPV1
5HSODFH
1*
1*
5HSDLU
&KHFN WKH KDUQHVV ZLUH EHWZHHQ WKH
'5/ UHOD\ +4, DQG WKH ERG\ HDUWK1 5HSDLU/
LI QHFHVVDU\1
Page 47

&+$66,6 (/(&75,&$/ ï
,QVSHFWLRQ SURFHGXUH :
+HDGODPS DQG )URQW &RPELQDWLRQ /DPS
8707:
7KH KHDGODPSV GR QRW VZLWFK RII ZKHQ WKH YHKLFOH LV LQ WKH
IROORZLQJ FRQGLWLRQ DQG WKH OLJKWLQJ VZLWFK LV PRYHG WR WKH
7$,/ SRVLWLRQ1
?9HKLFOHV ZLWK GD\WLPH UXQQLQJ ODPS!
-
,JQLWLRQ VZLWFK= 2))
-
3DVVLQJ VZLWFK= 2))
7KH FDXVH LV SUREDEO\ D PDOIXQFWLRQ RI WKH GD\WLPH UXQQLQJ ODPS FRQWURO XQLW +'5/0(&8,
FLUFXLW V\VWHP1 ,I WKHUH LV D EORZQ IXVH/ WKHUH PD\ DOVR EH D VKRUW0FLUFXLW LQ D KDUQHVV1
/LJKWLQJ VZLWFK FKHFN
+5HIHU WR 31870841,
2.
'LVFRQQHFW '5/0(&8 FRQQHFWRU $0;6
DQG PHDVXUH DW WKH KDUQHVV VLGH1
-
&RQWLQXLW\ EHWZHHQ WHUPLQDO 1R15
DQG HDUWK
2.=
&RQWLQXLW\
2.
+HDGODPS UHOD\ FKHFN
+5HIHU WR 31870851,
2.
'LVFRQQHFW WKH '5/0(&8 FRQQHFWRU
$0;6 DQG PHDVXUH DW WKH KDUQHVV VLGH1
-
9ROWDJH EHWZHHQ WHUPLQDO 1R18 DQG
HDUWK
2.
= 6\VWHP YROWDJH
2.
0DOIXQFWLRQ RI WKH '5/0(&8
1*
1*
1*
1*
5HSODFH
&KHFN WKH IROORZLQJ FRQQHFWRUV=
$065/ $0;6
2.
&KHFN WURXEOH V\PSWRPV1
5HSODFH
&KHFN WKH IROORZLQJ FRQQHFWRUV=
$063/ $0;5/ $0;6
2.
&KHFN WURXEOH V\PSWRPV1
5HSODFH
3UREDEOH FDXVH
-
0DOIXQFWLRQ RI IXVH
-
0DOIXQFWLRQ RI FRQQHFWRU
-
0DOIXQFWLRQ RI KDUQHVV ZLUH
-
0DOIXQFWLRQ RI WKH WDLO ODPS UHOD\
-
0DOIXQFWLRQ RI WKH '5/0(&8
1*
1*
1*
1*
5HSDLU
&KHFN WKH KDUQHVV ZLUH EHWZHHQ WKH
'5/0(&8 DQG WKH ERG\ HDUWK1 5HSDLU/
LI QHFHVVDU\1
5HSDLU
&KHFN WKH KDUQHVV ZLUH EHWZHHQ WKH
'5/0(&8 DQG WKH IXVLEOH OLQN 1R161 5H0
SDLU/ LI QHFHVVDU\1
Page 48

8707;
&+$66,6 (/(&75,&$/ ï
+HDGODPS DQG )URQW &RPELQDWLRQ /DPS
+HDGODPS
EXOE FHQWUH
2109(+,&/( 6(59,&(
875333<3598
+($'/$03 $,0,1*
?86,1* $ %($06(77,1* (48,30(17!
41 7KH KHDGODPSV VKRXOG EH DLPHG ZLWK WKH SURSHU
EHDPVHWWLQJ HTXLSPHQW/ DQG LQ DFFRUGDQFH ZLWK WKH
HTXLSPHQW PDQXIDFWXUH·V LQVWUXFWLRQV1
127(
,I WKHUH DUH DQ\ UHJXODWLRQV SHUWLQHQW WR WKH DLPLQJ RI
KHDGODPSV LQ WKH DUHD ZKHUH WKH YHKLFOH LV WR EH XVHG/
DGMXVW VR DV WR PHHW WKRVH UHTXLUHPHQWV1
51 $OWHUQDWHO\ WXUQ WKH DGMXVWLQJ VFUHZ WR DGMXVW WKH KHDGODPS
DLPLQJ1
?86,1* $ 6&5((1!
41 ,QIODWH WKH W\UHV WR WKH VSHFLILHG SUHVVXUHV DQG WKHUH
VKRXOG EH QR RWKHU ORDG LQ WKH YHKLFOHV RWKHU WKDQ GULYHU
RU VXEVWLWXWHG ZHLJKW RI DSSUR[LPDWHO\ :8 NJ SODFHG LQ
GULYHU·V SRVLWLRQ1
51 3XW WKH KHDGODPS OHYHOLQJ VZLWFK LQ ´3µ SRVLWLRQ1
61 6HW WKH GLVWDQFH EHWZHHQ WKH VFUHHQ DQG WKH FHQWUH RI
WKH KHDGODPSV DV VKRZQ LQ WKH LOOXVWUDWLRQ1
++,
6FUHHQ
8 P
'LVWDQFH RI
YHUWLFDO GLUHFWLRQ
+9,
/DPS FHQWUH
+LJK LQWHQVLW\ ]RQH
9HUWLFDO GLUHFWLRQ
DGMXVWPHQW
48
71 &KHFN LI WKH EHDP VKLQLQJ RQWR WKH VFUHHQ LV DW WKH
VWDQGDUG YDOXH1
6WDQGDUG YDOXH=
+9HUWLFDO GLUHFWLRQ,
93 PP EHORZ KRUL]RQWDO ++,
q
++RUL]RQWDO GLUHFWLRQ,
3RVLWLRQ ZKHUH WKH 48EVORSLQJ VHFWLRQ
LQWHUVHFWV WKH YHUWLFDO OLQH +9,
127(
,OOXVWUDWLRQ LV IRU /1+1 GULYH YHKLFOHV1 )RU 51+1 GULYH
YHKLFOHV/ EHDP SDWWHUQ LV V\PPHWULFDO1
81 $OWHUQDWHO\ WXUQ WKH DGMXVWLQJ VFUHZ WR DGMXVW WKH KHDGODPS
DLPLQJ1
+RUL]RQWDO
GLUHFWLRQ DGMXVWPHQW
Page 49

&+$66,6 (/(&75,&$/ ï
+HDGODPS DQG )URQW &RPELQDWLRQ /DPS
8707<
,17(16,7< 0($685(0(17
875334333:7
8VLQJ D SKRWRPHWHU/ DQG IROORZLQJ LWV PDQXIDFWXUH·V LQVWUXFWLRQ
PDQXDO/ PHDVXUH WKH KHDGODPS LQWHQVLW\ DQG FKHFN WR EH
VXUH WKDW WKH OLPLW YDOXH LV VDWLVILHG1
/LPLW= 63/333 FG RU PRUH
127(
41 :KHQ PHDVXULQJ WKH LQWHQVLW\/ PDLQWDLQ DQ HQJLQH VSHHG
RI 5/333 U2PLQ/ ZLWK WKH EDWWHU\ LQ WKH FKDUJLQJ FRQGLWLRQ1
51 7KHUH PD\ EH VSHFLDO ORFDO UHJXODWLRQV SHUWDLQLQJ WR
KHDGODPS LQWHQVLW\/ EH VXUH WR PDNH DQ\ DGMXVWPHQWV
QHFHVVDU\ WR VDWLVI\ VXFK UHJXODWLRQV1
61 ,I DQ LOOXPLQRPHWHU LV XVHG WR PDNH WKH PHDVXUHPHQWV/
FRQYHUW LWV YDOXHV WR SKRWRPHWHU YDOXHV E\ XVLQJ WKH
IROORZLQJ IRUPXOD1
5
, (U
:KHUH=
, LQWHQVLW\ +FG,
( LOOXPLQDWLRQ +OX[,
U GLVWDQFH +P, IURP KHDGODPSV WR LOOXPLQRPHWHU
%8/% 5(3/$&(0(17
87533463597
?+HDGODPS %XOE!
41 'LVFRQQHFW WKH FRQQHFWRU1
51 5HPRYH WKH VRFNHW FRYHU1
%XOE
6SULQJ
61 8QKRRN WKH VSULQJ ZKLFK VHFXUHV WKH EXOE/ DQG WKHQ
UHPRYH WKH EXOE1
&DXWLRQ
'R QRW WRXFK WKH VXUIDFH RI WKH EXOE ZLWK KDQGV RU
GLUW\ JORYHV1 ,I WKH VXUIDFH GRHV EHFRPH GLUW\/ FOHDQ
LW ZLWK DOFRKRO RU WKLQQHU/ DQG OHW LW GU\ WKRURXJKO\
EHIRUH LQVWDOOLQJ1
Page 50

87083
&+$66,6 (/(&75,&$/ ï
+HDGODPS DQG )URQW &RPELQDWLRQ /DPS
+($'/$03 $1' )5217 &20%,1$7,21 /$03
5(029$/ $1' ,167$//$7,21
3RVW0LQVWDOODWLRQ RSHUDWLRQ
- +HDGODPS DLPLQJ DGMXVWPHQW +5HIHU WR 318707;1,
8 1P
7
9
8
875335:3398
4
8 1P
5
127(
)RU UHPRYDO DQG LQVWDOODWLRQ RI WKH FROXPQ VZLWFK DVVHPEO\
+OLJKWLQJ VZLWFK/ GLPPHU2SDVVLQJ VZLWFK,/ UHIHU WR *5283
6:$²6WHHULQJ :KHHO DQG 6KDIW1
41 +HDGODPS OHYHOLQJ VZLWFK
+HDGODPS DQG IURQW FRPELQDWLRQ
ODPS UHPRYDO VWHSV
-
5DGLDWRU JULOOH +5HIHU WR *5283 84
²
*ULOOH/ 0RXOGLQJ DQG *DUQLVK,
6
51 *ULOOH ILOOHU SDQHO
61 )URQW FRPELQDWLRQ ODPS
71 %XOE VRFNHW
ò$*
81 %XOE
91 +HDGODPS
Page 51

&+$66,6 (/(&75,&$/ ï
+HDGODPS DQG )URQW &RPELQDWLRQ /DPS
87084
&RQQHFWRU $
&
%
,167$//$7,21 6(59,&( 32,17
ò$*
+($'/$03 ,167$//$7,21
7LJKWHQ WKH PRXQWLQJ EROWV LQ $/ %/ & RUGHU1
$
,163(&7,21
87533;3345:
/,*+7,1* 6:,7&+ $1' ',00(523$66,1* 6:,7&+
&217,18,7< &+(&.
6ZLWFK SRVLWLRQ
/,*+7,1*
6:,7&+
&RQQHFWRU $ï
WHUPLQDO 1R1
4 5 6 7 9 8 9 :
2))
7$, /
&RQQHFWRU
%ï
WHUPLQDO 1R1
&RQQHFWRU %
+($'
',00(52
3$66,1*
6:,7&+
/2:(5
833(5
3$66,1*
4
-
5
-
127(
4
41 -
LQGLFDWHV FRQWLQXLW\ ZKHQ WKH GLPPHU VZLWFK LV LQ WKH
ORZHU SRVLWLRQ1
5
51 -
LQGLFDWHV FRQWLQXLW\ ZKHQ WKH GLPPHU VZLWFK LV LQ WKH
XSSHU SRVLWLRQ1
+($'/$03 /(9(/,1* 6:,7&+ &+(&.
87533;4336;
&KHFN WKH UHVLVWDQFH EHWZHHQ WKH WHUPLQDOV ZKHQ WKH
KHDGODPS OHYHOLQJ VZLWFK LV RSHUDWHG1
6ZLWFK SRVLWLRQ 3 4 5 6 7
5HVLVWDQFH PHDVXUH0
PHQW EHWZHHQ WHUPL0
QDO 1R16 DQG 7
:
453 633 953 4/433 5/333
Page 52

87085
&+$66,6 (/(&75,&$/ ï
+HDGODPS DQG )URQW &RPELQDWLRQ /DPS
+HDGODPS UHOD\
'D\WLPH UXQQLQJ
ODPS UHOD\ +4,/ +5,
+($'/$03 5(/$<
%DWWHU\ YROWDJH
6XSSOLHG
1RW VXSSOLHG
7HUPLQDO 1R1
4 6 7 8
'$<7,0( 5811,1* /$03 5(/$< +4, $1' +5,
&217,18,7< &+(&.
87533;53494
87533;63374
%DWWHU\ YROWDJH
6XSSOLHG
1RW VXSSOLHG
7HUPLQDO 1R1
4 5 6 7
Page 53

&+$66,6 (/(&75,&$/ ï
)URQW )RJ /DPS
87086
)5217 )2* /$03 8753336339<
6(59,&( 63(&,),&$7,216
,WHPV 6WDQGDUG YDOXH
)URQW IRJ ODPS DLPLQJ 9HUWLFDO GLUHFWLRQ 433 PP EHORZ KRUL]RQWDO ++,
+RUL]RQWDO GLUHFWLRQ 3DUDOOHO WR GLUHFWLRQ RI YHKLFOH WUDYHO
63(&,$/ 722/
7RRO 1XPEHU 1DPH 8VH
0%<<3:;7 2UQDPHQW UHPRYHU 5HPRYDO RI VZLWFK JDUQLVK
5< PP
:; PP
2109(+,&/( 6(59,&(
)5217 )2* /$03 $,0,1*
41 0HDVXUH WKH FHQWUH RI WKH IRJ ODPSV/ VKRZQ LQ WKH
LOOXVWUDWLRQ1
87533393797
875334434<3
6FUHHQ
8 P
/DPS FHQWUH
&HQWUH RI KLJK
LQWHQVLW\ ]RQH
'LVWDQFH RI YHUWLFDO
GLUHFWLRQ
+LJK LQWHQVLW\ ]RQH
51 6HW WKH GLVWDQFH EHWZHHQ WKH VFUHHQ DQG WKH FHQWUH RI
WKH IRJ ODPSV DV VKRZQ LQ WKH LOOXVWUDWLRQ1
61 ,QIODWH WKH W\UHV WR WKH VSHFLILHG SUHVVXUHV DQG WKHUH
VKRXOG EH QR RWKHU ORDG LQ WKH YHKLFOHV RWKHU WKDQ GULYHU
RU VXEVWLWXWHG ZHLJKW RI DSSUR[LPDWHO\ :8 NJ SODFHG LQ
WKH GULYHU·V SRVLWLRQ1
71 :LWK WKH HQJLQH UXQQLQJ DW 5/333 U2PLQ/ DLP WKH IRJ ODPS1
81 &KHFN LI WKH EHDP VKLQLQJ RQWR WKH VFUHHQ LV DW WKH
VWDQGDUG YDOXH1
6WDQGDUG YDOXH=
+9HUWLFDO GLUHFWLRQ,
433 PP EHORZ KRUL]RQWDO ++,
++RUL]RQWDO GLUHFWLRQ,
3DUDOOHO WR GLUHFWLRQ RI YHKLFOH WUDYHO
Page 54

87087
&+$66,6 (/(&75,&$/ ï
)URQW )RJ /DPS
8QGHU FRYHU
6SULQJ
$GMXVWLQJ
VFUHZ
&RYHU
127(
7KH KRUL]RQWDO GLUHFWLRQ LV QRQ0DGMXVWDEOH1 ,I GHYLDWLRQ
RI WKH OLJKW EHDP D[LV H[FHHGV WKH VWDQGDUG YDOXH/ FKHFN
WR EH VXUH WKDW WKH PRXQWLQJ ORFDWLRQ RU VRPH RWKHU SRLQW
LV QRW GHIHFWLYH1
&DXWLRQ
:KHQ PDNLQJ WKH DLPLQJ DGMXVWPHQW/ EH VXUH WR PDVN
WKRVH ODPSV ZKLFK DUH QRW EHLQJ DGMXVWHG1
%8/% 5(3/$&(0(17
875334635:4
41 5HPRYH WKH IRJ ODPS1
51 5HPRYH WKH VFUHZV VKRZQ LQ WKH LOOXVWUDWLRQ/ WKHQ UHPRYH
WKH XQGHU FRYHU1
61 8QKRRN WKH VSULQJ ZKLFK VHFXUHV WKH EXOE DQG WKHQ
UHPRYH WKH EXOE1
&DXWLRQ
-
'R QRW WRXFK WKH VXUIDFH RI WKH EXOE ZLWK KDQGV
RU GLUW\ JORYHV1 ,I WKH VXUIDFH GRHV EHFRPH GLUW\/
FOHDQ LW ZLWK DOFRKRO RU WKLQQHU/ DQG OHW LW GU\
WKRURXJKO\ EHIRUH LQVWDOOLQJ1
-
,I WKH XQGHU FRYHU LV QRW DWWDFKHG SURSHUO\/ WKH
OHQV PLJKW EHFRPH FORXG\ RU ZDWHU PLJKW
SHQHWUDWH LQVLGH WKH ODPS XQLW1 $OZD\V EH VXUH
WR LQVWDOO WKH XQGHU FRYHU VHFXUHO\1
Page 55

&+$66,6 (/(&75,&$/ ï
)URQW )RJ /DPS
87088
)5217 )2* /$03
5(029$/ $1' ,167$//$7,21
4
87533483579
518 1P
7
5
6
41 )RJODPSVZLWFK
)RJ ODPS UHPRYDO VWHSV
- )URQW EXPSHU +5HIHU WR *5283 841,
,163(&7,21
)2* /$03 6:,7&+ &217,18,7< &+(&.
6ZLWFK SRVLWLRQ
2))
21
51 )RJ ODPS EUDFNHW
61 )RJ ODPS EH]HO
71 )RJ ODPS
87533:73448
7HUPLQDO 1R1
4 5 6 ,1' 7 8 9
Page 56

87089
&+$66,6 (/(&75,&$/ ï
7XUQ06LJQDO /DPS
785106,*1$/ /$03
5(029$/ $1' ,167$//$7,21
6HFWLRQ $ ï $
4
)URQW EXPSHU
4
8753366346;
8
:
9
5
7
6
$
)URQW WXUQ0VLJQDO ODPS UHPRYDO
VWHSV
41 )URQW WXUQ0VLJQDO ODPS
51 %XOE VRFNHW
61 %XOE
/RFN
$
;
127(
)RU UHPRYDO DQG LQVWDOODWLRQ RI WKH FROXPQ VZLWFK
DVVHPEO\ +WXUQ0VLJQDO VZLWFK,/ UHIHU WR *5283 6:$
6WHHULQJ :KHHO DQG 6KDIW1
6LGH WXUQ0VLJQDO ODPS UHPRYDO
VWHSV
*$ò
71 6LGH WXUQ0VLJQDO ODPS
81 %XOE VRFNHW
91 %XOE
:1 3DFNLQJ
;1 +RRN
²
5(029$/ 6(59,&( 32,17
*$ò
8VH D IODW0WLSSHG VFUHZ GULYHU RU VLPLODU WRRO WR UHPRYH WKH
ORFN IURP WKH IHQGHU SDQHO/ DQG WKHQ UHPRYH WKH VLGH
WXUQ0VLJQDO ODPS1
6,'( 785106,*1$/ /$03 5(029$/
Page 57

&+$66,6 (/(&75,&$/ ï
7XUQ06LJQDO /DPS25HDU &RPELQDWLRQ /DPS
8708:
,163(&7,21
785106,*1$/ /$03 6:,7&+ &217,18,7< &+(&.
6ZLWFK SRVLWLRQ
/1+1
2))
51+1
5($5 &20%,1$7,21 /$03
7528%/(6+227,1*
5HIHU WR 31870751
5($5 &20%,1$7,21 /$03
5(029$/ $1' ,167$//$7,21
87533:934:6
7HUPLQDO 1R1
6 ; <
875333:3899
875336<3537
8
7
5
127(
)RU UHPRYDO DQG LQVWDOODWLRQ RI WKH FROXPQ VZLWFK DVVHPEO\
OLJKWLQJ VZLWFK/ GLPPHU2SDVVLQJ VZLWFK DQG WXUQ0VLJQDO VZLWFK/
UHIHU WR *5283 6:$ ² 6WHHULQJ :KHHO DQG 6KDIW1
5HPRYDO VWHSV
41 5HDU FRPELQDWLRQ ODPS
51 %XOE +)RU EDFN0XS ODPS,
61 %XOE +)RU WDLO DQG VWRS ODPS,
4
6
71 %XOE +)RU WXUQ0VLJQDO ODPS,
81 %XOE VRFNHW DVVHPEO\
Page 58

8708;
&+$66,6 (/(&75,&$/ ï
5HDU &RPELQDWLRQ /DPS
,163(&7,21
87533:934;3
/,*+7,1* 6:,7&+ $1' 785106,*1$/ /$03 6:,7&+
&217,18,7< &+(&.
6ZLWFK SRVLWLRQ
/,*+7,1*
6:,7&+
785106,*1$/
/$03 6:,7&+
2))
7$, /
51+1
2))
/1+1
7HUPLQDO 1R1
6 8 : ; <
Page 59

&+$66,6 (/(&75,&$/ ï
5HDU )RJ /DPS
8708<
5($5 )2* /$03 87533393667
63(&,$/ 722/
7RRO 1XPEHU 1DPH 8VH
0%<<3:;7 2UQDPHQW UHPRYHU )RJ ODPS VZLWFK UHPRYDO
5($5 )2* /$03
5(029$/ $1' ,167$//$7,21
87533<;335<
4
6
7
41 5HDU IRJ ODPS VZLWFK
5HDU IRJ ODPS UHPRYDO VWHSV
51 5HDU IRJ ODPS
5
61 %XOE
71 %XOE VRFNHW
,163(&7,21
5($5 )2* /$03 6:,7&+ &217,18,7< &+(&.
6ZLWFK SRVLWLRQ
2))
21
7HUPLQDO 1R1
4 5 ,// 6 9
87533<53354
Page 60

87093
&+$66,6 (/(&75,&$/ ï
5($5 )2* /$03 5(/$< &217,18,7< &+(&.
5HDU )RJ /DPS
87533<63357
5HDU IRJ ODPS UHOD\
%DWWHU\ YROWDJH
6XSSOLHG
1RW VXSSOLHG
7HUPLQDO 1R1
4 5 6 7
Page 61

&+$66,6 (/(&75,&$/ ï
+LJK0PRXQWHG 6WRS /DPS
87094
+,*+002817(' 6723 /$03 875338435<:
5(029$/ $1' ,167$//$7,21
?7DLOJDWH PRXQWHG W\SH!
4
6
7
5
5HPRYDO VWHSV
41 &RYHU
51 /LJKW XQLW
?5RRI VSRLOHU PRXQWHG W\SH!
61 %XOE VRFNHW
71 %XOE
+LJK0PRXQWHG VWRS ODPS
Page 62

87095
&+$66,6 (/(&75,&$/ ï
5KHRVWDW
5+(267$7 87533393674
63(&,$/ 722/
7RRO 1XPEHU 1DPH 8VH
0%<<3:;7 2UQDPHQW UHPRYHU 5KHRVWDW UHPRYDO
73:
5+(267$7
87533943534
,163(&7,21
41 &RQQHFW WKH EDWWHU\ DQG WKH WHVW ODPS +73 :, DV VKRZQ
LQ WKH LOOXVWUDWLRQ1
51 2SHUDWH WKH UKHRVWDW DQG LI WKH EULJKWQHVV FKDQJHV
VPRRWKO\ ZLWKRXW VZLWFKLQJ RII/ WKHQ WKH UKHRVWDW IXQFWLRQ
LV QRUPDO1
Page 63

&+$66,6 (/(&75,&$/ ï
+D]DUG :DUQLQJ /DPS 6ZLWFK
87096
+$=$5' :$51,1* /$03 6:,7&+ 8753339368;
63(&,$/ 722/
7RRO 1XPEHU 1DPH 8VH
0%<<3:;7 2UQDPHQW UHPRYHU 0HWHU EH]HO DVVHPEO\ UHPRYDO
+$=$5' :$51,1* /$03 6:,7&+
5(029$/ $1' ,167$//$7,21
6HFWLRQ $ ï $
,QVWUXPHQW
SDQHO
4
127(
= PHWDO FOLS SRVLWLRQ
&OLS
875339934;6
5
6
4
$
$
5HPRYDO VWHSV
41 0HWHU EH]HO DVVHPEO\
51 6ZLWFK KROGHU
61 +D]DUG ZDUQLQJ ODPS VZLWFK
,163(&7,21
+$=$5' :$51,1* /$03 6:,7&+ &217,18,7< &+(&.
6ZLWFK 7HUPLQDO 1R1
SRVLWLRQ
4 5 7 8 9 : < ,// 43
2))
21
875339:353<
Page 64

87097
&+$66,6 (/(&75,&$/ ï
+RUQ
+251 87633:<339<
5(029$/ $1' ,167$//$7,21
6HFWLRQ $ ï $
4
)URQW EXPSHU
5
4
6
4
5HPRYDO VWHSV
41 )URQW WXUQ0VLJQDO ODPS
51 +RUQ +KLJK VRXQG,
61 +RUQ +ORZ VRXQG,
+RUQ UHOD\
$
$
,163(&7,21
+251 5(/$< &217,18,7< &+(&.
%DWWHU\ YROWDJH
6XSSOLHG
1RW VXSSOLHG
7HUPLQDO 1R1
4 5 6 7
87533983369
Page 65

&+$66,6 (/(&75,&$/ ï
&LJDUHWWH /LJKWHU
87098
&,*$5(77( /,*+7(5 876338934;<
5(029$/ $1' ,167$//$7,21
5
6
(OHPHQW
5HPRYDO VWHSV
- )URQW IORRU FRQVROH DVVHPEO\
+5HIHU WR *5283 85$1,
41 3OXJ
51 )L[LQJ ULQJ
6SRW
8
61 6RFNHW FDVH
71 6RFNHW
81 3URWHFWRU
7
4
,163(&7,21
7DNH RXW WKH SOXJ/ DQG FKHFN IRU D ZRUQ HGJH RQ WKH
-
HOHPHQW VSRW FRQQHFWLRQ/ DQG IRU VKUHGV RI WREDFFR RU
RWKHU PDWHULDO RQ WKH HOHPHQW1
8VLQJ D FLUFXLW WHVWHU/ FKHFN WKH FRQWLQXLW\ RI WKH HOHPHQW1
-
876338:3446
Page 66

87099
&+$66,6 (/(&75,&$/ ï
$FFHVVRU\ 6RFNHW
$&&(6625< 62&.(7 87633;<338<
5(029$/ $1' ,167$//$7,21
4
$FFHVVRU\
VRFNHW UHOD\
6
5HPRYDO VWHSV
41 4XDUWHU WULP/ ORZHU ?51+1! +5HIHU WR
*5283 85$ï7ULPV1,
51 2XWHU FDVH
61 6RFNHW
,163(&7,21
$FFHVVRU\ VRFNHW UHOD\ FRQWLQXLW\ FKHFN
%DWWHU\ YROWDJH
1RW VXSSOLHG
6XSSOLHG
5
87633<33375
7HUPLQDO 1R1
4 5 6 7
Page 67

&+$66,6 (/(&75,&$/ ï
5DGLR DQG 7DSH 3OD\HU
8709:
5$',2 $1' 7$3( 3/$<(5 8773339338:
63(&,$/ 722/
7RRO 1XPEHU 1DPH 8VH
0%<<3:;7 2UQDPHQW UHPRYHU 0HWHU EH]HO DVVHPEO\ UHPRYDO
7528%/(6+227,1*
877333:3598
48,&.05()(5(1&( 7528%/(6+227,1* &+$57
,WHPV 3UREOHP V\PSWRP 5HOHYDQW FKDUW
1RLVH 1RLVH DSSHDUV DW FHUWDLQ SODFHV ZKHQ WUDYHOOLQJ +$0,1 $04
1RLVH DSSHDUV DW FHUWDLQ SODFHV ZKHQ WUDYHOOLQJ +)0,1 $05
0L[HG ZLWK QRLVH/ RQO\ DW QLJKW +$0,1 $06
%URDGFDVWV FDQ EH KHDUG EXW ERWK $0 DQG )0 KDYH D ORW RI QRLVH1 $07
7KHUH LV PRUH QRLVH HLWKHU RQ $0 RU RQ )01 $08
7KHUH LV QRLVH ZKHQ VWDUWLQJ WKH HQJLQH1 $09
6RPH QRLVH DSSHDUV ZKHQ WKHUH LV YLEUDWLRQ RU VKRFNV GXULQJ
WUDYHOOLQJ1
1RLVH VRPHWLPHV DSSHDUV RQ )0 GXULQJ WUDYHOOLQJ1 $0;
(YHU0SUHVHQW QRLVH1 $0<
5DGLR :KHQ VZLWFK LV VHW WR 21/ QR SRZHU LV DYDLODEOH1 %04
1R VRXQG IURP RQH VSHDNHU1 %05
$0:
7KHUH LV QRLVH EXW QR UHFHSWLRQ IRU ERWK $0 DQG )0 RU QR VRXQG
IURP $0/ RU QR VRXQG IURP )01
,QVXIILFLHQW VHQVLWLYLW\1 %07
'LVWRUWLRQRQ$0RURQERWK$0DQG)01 %08
'LVWRUWLRQ RQ )0 RQO\1 %09
7RR IHZ DXWRPDWLF VHOHFW VWDWLRQV1 %0:
,QVXIILFLHQW PHPRU\ +SUHVHW VWDWLRQV DUH HUDVHG,1 %0;
127(
5HIHU WR SUREOHP V\PSWRPV RI $0 UDGLR IRU 0: UDGLR1
%06
Page 68

8709;
&+$66,6 (/(&75,&$/ ï
5DGLR DQG 7DSH 3OD\HU
,WHPV 3UREOHP V\PSWRP 5HOHYDQW FKDUW
7DSH SOD\HU &DVVHWWH WDSH ZLOO QRW EH LQVHUWHG1 &04
1R VRXQG1 &05
1R VRXQG IURP RQH VSHDNHU1 &06
6RXQG TXDOLW\ LV SRRU/ RU VRXQG LV ZHDN1 &07
&DVVHWWH WDSH ZLOO QRW EH HMHFWHG1 &08
8QHYHQ UHYROXWLRQ1 7DSH VSHHG LV IDVW RU VORZ1 &09
)DXOW\ DXWR UHYHUVH1 &0:
7DSH JHWV FDXJKW LQ PHFKDQLVP1 &0;
&+$57
$1 12,6(
$04 1RLVH DSSHDUV DW FHUWDLQ SODFHV ZKHQ WUDYHOOLQJ +$0,1
,V WKHUH D SDUWLFXODU VWUXFWXUH"
<HV
)LQG RXW WKH IROORZLQJ LQIRUPDWLRQ IURP
WKH XVHU=
41 3ODFH
51 /RFDOLW\ FRQGLWLRQV +YDOOH\/ PRXQ0
WDLQ/ HWF1,
61 1DPH DQG IUHTXHQF\ RI VWDWLRQV
DIIHFWHG E\ QRLVH
,I GXH WR YHKLFOH QRLVH=
,W PD\ QRW EH SRVVLEOH WR SUHYHQW QRLVH
LI WKH VLJQDO LV ZHDN1
,I WKHUH LV PRUH QRLVH WKDQ RWKHU UDGLRV/ ILQG RXW WKH QRLVH
FRQGLWLRQV DQG WKH QDPH DQG IUHTXHQF\ RI WKH UHFHLYLQJ
VWDWLRQV IURP WKH XVHU/ DQG FRQVXOW ZLWK WKH VHUYLFH FHQWUH1
1R
'R WKH IROORZLQJ PHDVXUHV HOLPLQDWH WKH
QRLVH"
41 &KDQJH WR D GLIIHUHQW VWDWLRQ ZLWK
D VWURQJ VLJQDO WR ERRVW UHVLVWDQFH
WR LQWHUIHUHQFH1
51 6XSSUHVV KLJK WRQHV WR UHGXFH
QRLVH1
61 ([WHQG DQWHQQD FRPSOHWHO\1
1R
,I GXH WR H[WHUQDO QRLVH=
,Q DOPRVW DOO FDVHV/ SUHYHQWLRQ RQ WKH
UHFHLYHU VLGH LV LPSRVVLEOH1 :HDN VLJ0
QDOV HVSHFLDOO\ DUH VXVFHSWLEOH WR LQWHU0
IHUHQFH1
<HV
2.
Page 69

&+$66,6 (/(&75,&$/ ï
5DGLR DQG 7DSH 3OD\HU
$05 1RLVH DSSHDUV DW FHUWDLQ SODFHV ZKHQ WUDYHOOLQJ +)0,1
8709<
'R WKH IROORZLQJ PHDVXUHV HOLPLQDWH WKH QRLVH"
&KDQJH WR D GLIIHUHQW VWDWLRQ ZLWK D VWURQJ VLJQDO WR ERRVW
-
UHVLVWDQFH WR LQWHUIHUHQFH1
6XSSUHVV KLJK WRQHV WR UHGXFH QRLVH1
-
([WHQG DQWHQQD FRPSOHWHO\1
-
1R
,I WKHUH LV PRUH QRLVH WKDQ RWKHU UDGLRV/ ILQG RXW WKH QRLVH FRQGLWLRQV
DQG WKH QDPH DQG IUHTXHQF\ RI WKH UHFHLYLQJ VWDWLRQV IURP WKH
XVHU/ DQG FRQVXOW ZLWK WKH VHUYLFH FHQWUH1
<HV
127(
$ERXW )0 ZDYHV=
)0 ZDYHV KDYH WKH VDPH SURSHUWLHV DV OLJKW/ DQG
FDQ EH GHIOHFWHG DQG EORFNHG1 :DYH UHFHSWLRQ LV
QRW SRVVLEOH LQ WKH VKDGRZ RI REVWUXFWLRQV VXFK
DV EXLOGLQJV RU PRXQWDLQV1
41 7KH VLJQDO EHFRPHV ZHDN DV WKH GLVWDQFH IURP
WKH VWDWLRQ·V WUDQVPLVVLRQ DQWHQQD LQFUHDVHV1
$OWKRXJK WKLV PD\ YDU\ DFFRUGLQJ WR WKH VLJQDO
VWUHQJWK RI WKH WUDQVPLWWLQJ VWDWLRQ DQG
LQWHUYHQLQJ JHRJUDSKLFDO IRUPDWLRQ RU EXLOGLQJV/
WKH DUHD RI JRRG UHFHSWLRQ LV DSSUR[153ï58
NP IRU VWHUHR UHFHSWLRQ/ DQG 63ï73 NP IRU
PRQDXUDO UHFHSWLRQ1
51 7KH VLJQDO EHFRPHV ZHDN ZKHQ DQ DUHD RI
VKDGRZ IURP WKH WUDQVPLWWLQJ DQWHQQD +SODFHV
ZKHUH WKHUHDUH REVWUXFWLRQV VXFK DV PRXQWDLQV
RU EXLOGLQJV EHWZHHQ WKH DQWHQQD DQG WKH FDU,/
DQG QRLVH ZLOO DSSHDU1?7KLV LV FDOOHG ILUVW IDGLQJ/
DQG JLYHV D VWHDG\ EX]]LQJ QRLVH1!
2.
61 ,I D GLUHFW VLJQDO KLWV WKH DQWHQQD DW WKH VDPH
WLPH DV D VLJQDO UHIOHFWHG E\ REVWUXFWLRQV VXFK
DV PRXQWDLQV RU EXLOGLQJV/ LQWHUIHUHQFH RI WKH
WZR VLJQDOV ZLOO JHQHUDWH QRLVH1 'XULQJ
WUDYHOOLQJ/ QRLVH ZLOO DSSHDU HDFK WLPH WKH
YHKLFOH·V DQWHQQD SDVVHV WKURXJK WKLV NLQG RI
REVWUXFWHG DUHD1 7KH VWUHQJWK DQG LQWHUYDO RI
WKH QRLVH YDULHV DFFRUGLQJ WR WKH VLJQDO VWUHQJWK
DQG WKH FRQGLWLRQV RI GHIOHFWLRQ1?7KLV LV FDOOHG
PXOWLSDWK QRLVH/ DQG LV D UHSHWLWLRXV EX]]LQJ1!
71 6LQFH )0 VWHUHR WUDQVPLVVLRQ DQG UHFHSWLRQ
KDV D ZHDNHU ILHOG WKDQ PRQDXUDO/ LW LV RIWHQ
DFFRPSDQLHG E\ D KLVVLQJ QRLVH1
)0 %URDGFDVW *RRG 5HFHSWLRQ $UHDV
)RU VWHUHR=
43 N:
RXWSXW )0
EURDGFDVW
53ï58 NP
)RU PRQDXUDO=
63ï73 NP
)RU KRPH VWHUHRV=
;3ï<3 NP
)0 6LJQDO &KDUDFWHULVWLFV DQG 6LJQDO ,QWHUIHUHQFH
)LUVW IDGLQJ
0XOWLSDWK LQWHUIHUHQFH
LQWHUIHUHQFH
Page 70

870:3
&+$66,6 (/(&75,&$/ ï
$06 0L[HG ZLWK QRLVH/ RQO\ DW QLJKW +$0,1
5DGLR DQG 7DSH 3OD\HU
7KH IROORZLQJ IDFWRUV FDQ EH FRQVLGHUHG DV SRVVLEOH
FDXVHV RI QRLVH DSSHDULQJ DW QLJKW1
41 )DFWRUV GXH WR VLJQDO FRQGLWLRQV= 'XH WR WKH
IDFW WKDW ORQJ0GLVWDQFH VLJQDOV DUH PRUH HDVLO\
UHFHLYHG DW QLJKW/ HYHQ VWDWLRQV WKDW DUH
UHFHLYHG ZLWKRXW SUREOHP GXULQJ WKH GD\ PD\
H[SHULHQFH LQWHUIHUHQFH LQ D JHQHUDO ZRUVHQLQJ
RI UHFHSWLRQ FRQGLWLRQV1 7KH ZHDNHU D VWDWLRQ
LV WKH PRUH VXVFHSWLEOH LW LV WR LQWHUIHUHQFH/
1R
,V WKH QRLVH VWLOO REYLRXV HYHQ ZLWK WKH
ODPSV 2))"
<HV
'R WKH IROORZLQJ PHDVXUHV HOLPLQDWH WKH
QRLVH"
7XQH WR D VWDWLRQ ZLWK D VWURQJ VLJQDO1
-
7XQH WR D VWDWLRQ ZLWK D VWURQJ VLJQDO
-
ZLWKRXW FRPSOHWHO\ H[WHQGLQJ WKH
DQWHQQD1
<HV
2.
'RHV WKH QRLVH IDGH DZD\ ZKHQ WKH YHKLFOH KDUQHVV LV
PRYHG DZD\ IURP WKH UDGLR FKDVVLV" +LI WKH KDUQHVV LV
QRW LQ WKH SURSHU SRVLWLRQ1,
1R
,I WKHUH LV PRUH QRLVH WKDQ RWKHU UDGLRV/ FRQVXOW D VHUYLFH
FHQWUH1
DQG D FKDQJH WR D GLIIHUHQW VWDWLRQ RU WKH
DSSHDUDQFH RI D EHDWLQJ VRXQG- PD\ RFFXU1
%HDW VRXQG-= 7ZR VLJQDOV FORVH LQ IUHTXHQF\
LQWHUIHUH ZLWK HDFK RWKHU/ FUHDWLQJ D UHSHWLWLRXV
KLJK0SLWFKHG VRXQG1 7KLV VRXQG LV JHQHUDWHG
QRW RQO\ E\ VRXQG VLJQDOV EXW E\ HOHFWULFDO
ZDYHVDVZHOO1
51 )DFWRUV GXH WR YHKLFOH QRLVH= $OWHUQDWRU QRLVH
PD\EHDFDXVH1
<HV
2.
1R
$07 %URDGFDVWV FDQ EH KHDUG EXW ERWK $0 DQG )0 KDYH D ORW RI QRLVH1
+4, +5,
1RLVH RFFXUV ZKHQ WKH HQJLQH LV VWRSSHG1
<HV
'R WKH IROORZLQJ PHDVXUHV HOLPLQDWH WKH QRLVH"
7XQH WR D VWDWLRQ ZLWK D VWURQJ VLJQDO1
-
([WHQG WKH DQWHQQD FRPSOHWHO\1
-
$GMXVW WKH VRXQG TXDOLW\ WR VXSSUHVV KLJK WRQHV1
-
1R
,V WKH UDGLR ERG\ HDUWK PRXQWHG VHFXUHO\"
<HV
,V WKH DQWHQQD SOXJ SURSHUO\ FRQQHFWHG WR WKH UDGLR"
<HV
,V WKH DQWHQQD LWVHOI LQ JRRG FRQGLWLRQ RU LV LW SURSHUO\
PRXQWHG"
<HV
<HV
1R
1R
1R
2.
6HFXUHO\ WLJKWHQ WKH QXWV IRU WKH ERG\
HDUWK1
&RUUHFWO\ DWWDFK WKH DQWHQQD SOXJ1
&OHDQ WKH DQWHQQD SOXJ DQG HDUWK ZLUH
PRXQWLQJ DUHD1 0RXQW WKH DQWHQQD VH0
FXUHO\1
,V WKH QRLVH HOLPLQDWHG"
,I WKHUH LV PRUH QRLVH WKDQ RWKHU UDGLRV/
FRQVXOW D VHUYLFH FHQWUH1
1RLVH RFFXUV ZKHQ WKH HQJLQH LQ UXQQLQJ1
,QVSHFW WKH YHKLFOH·V QRLVH VXSSUHVVRU1+5HIHU WR $091,
1R
<HV
2.
127(
$ERXW QRLVH HQFRXQWHUHG GXULQJ )0 UHFHSWLRQ RQO\1
'XH WR GLIIHUHQFHV LQ )0 DQG $0 V\VWHPV/ )0
LV QRW DV VXVFHSWLEOH DV $0 WR LQWHUIHUHQFH IURP
HQJLQHV/ SRZHU OLQHV/ OLJKWQLQJ/ HWF1 2Q WKH RWKHU
KDQG/ WKHUH DUH FDVHV GXH WR WKH FKDUDFWHULVWLFV
RI )0 ZDYHV RI QRLVH RU GLVWRUWLRQ JHQHUDWHG E\
W\SLFDO QRLVH LQWHUIHUHQFH +ILUVW IDGLQJ DQG
PXOWLSDWK,1 +5HIHU WR $051,
?1RLVH +KLVVLQJ, RFFXUV LQ ZHDN VLJQDO DUHDV VXFK
DV PRXQWDLQRXV UHJLRQV/ EXW WKLV LV QRW GXH WR D
SUREOHP ZLWK WKH UDGLR1!
Page 71

&+$66,6 (/(&75,&$/ ï
$08 7KHUH LV PRUH QRLVH HLWKHU RQ $0 RU RQ )01
41 7KHUH LV PXFK QRLVH RQO\ RQ $01
'XH WR GLIIHUHQFHV LQ $0 DQG )0 V\VWHPV/
$0 LV PRUH VXVFHSWLEOH WR QRLVH LQWHUIHUHQFH1
:HUH FRQGLWLRQV VXFK DV WKH IROORZLQJ SUHVHQW ZKHQ QRLVH ZDV
UHFHLYHG"
/LJKWQLQJ ZDV IODVKLQJ1 $ PRWRUF\FOH ZDV SDVVLQJ1
-
$ YHKLFOH SDVVHG FORVH E\/ EXW LW DSSHDUHG WR EH D YHKLFOH
-
JHQHUDWLQJ D SDUWLFXODUO\ ODUJH DPRXQW RI QRLVH UDGLDWLRQ1
3DVVHG EHQHDWK D SRZHU OLQH1 3DVVHG XQGHU D EULGJH1
-
3DVVHG EHQHDWK D WHOHSKRQH OLQH1
-
3DVVHG FORVH E\ D VLJQDO JHQHUDWRU1
-
3DVVHG FORVH E\ VRPH RWKHU VRXUFH RI HOHFWULFDO QRLVH1
-
1R
&RQWLQXH WR FKHFN IRU VWDWLF> ZKHQ VWDWLF LV GHWHFWHG/ FKHFN IRU
WKH FRQGLWLRQV OLVWHG DERYH1
1R
,I WKH SUREOHP LV SDUWLFXODUO\ ZRUVH WKDQ RWKHU UDGLRV/ FRQVXOW D
VHUYLFH FHQWUH1
<HV
<HV
5DGLR DQG 7DSH 3OD\HU
1RLVHSUHYHQWLRQRQWKHUDGLRVLGHLVGLIILFXOW1 ,I WKH SUREOHP LV
SDUWLFXODUO\ ZRUVH WKDQ RWKHU UDGLRV/ FRQVXOW D VHUYLFH FHQWUH1
870:4
51 7KHUH LV PXFK QRLVH RQO\ RQ )01
'XH WR GLIIHUHQFHV LQ )0 DQG $0 V\VWHPV/
)0 LV QRW DV VXVFHSWLEOH DV $0 WR LQWHUIHUHQFH
IURP HQJLQHV/ SRZHU OLQHV/ OLJKWQLQJ/ HWF1 2Q
WKH RWKHU KDQG/ WKHUH DUH FDVHV GXH WR WKH
FKDUDFWHULVWLFV RI )0 ZDYHV RI QRLVH RU
GLVWRUWLRQ JHQHUDWHG E\ W\SLFDO QRLVH
LQWHUIHUHQFH +ILUVW IDGLQJ DQG PXOWLSDWK,1 +5HIHU
WR $05, ?1RLVH +KLVVLQJ, RFFXUV LQ ZHDN VLJQDO
DUHDV VXFK DV PRXQWDLQRXV UHJLRQV/ EXW WKLV
LV QRW GXH WR D SUREOHP ZLWK WKH UDGLR1!
Page 72

870:5
&+$66,6 (/(&75,&$/ ï
$09 7KHUH LV QRLVH ZKHQ VWDUWLQJ WKH HQJLQH1
5DGLR DQG 7DSH 3OD\HU
1RLVH W\SH
6RXQGV DUH LQ
SDUHQWKHVHV +,1
$0/ )0= ,JQL0
WLRQ QRLVH +3RS0
SLQJ/ VQDSSLQJ/
FUDFNLQJ/ EX]0
]LQJ,
2WKHU HOHFWULFDO
FRPSRQHQWV
6WDWLF HOHFWULFLW\
+&UDFNLQJ/ FULQ0
NOLQJ,
&RQGLWLRQV &DXVH 5HPHG\
-
,QFUHDVLQJ WKH HQJLQH VSHHG
FDXVLQJ WKH SRSSLQJ VRXQG WR
VSHHG XS/ DQG YROXPH
GHFUHDVHV1
-
'LVDSSHDUV ZKHQ WKH LJQLWLRQ
VZLWFK LV WXUQHG WR $&&1
ï 1RLVH PD\ DSSHDU DV HOHFWUL0
-
'LVDSSHDUV ZKHQ WKH YHKLFOH
LV FRPSOHWHO\ VWRSSHG1
-
6HYHUH ZKHQ WKH FOXWFK LV
HQJDJHG1
-
9DULRXV QRLVHV DUH SURGXFHG
GHSHQGLQJ RQ WKH ERG\ SDUW RI
WKH YHKLFOH1
-
0DLQO\ GXH WR WKH VSDUN
SOXJV1
-
'XH WR WKH HQJLQH QRLVH1
FDO FRPSRQHQWV EHFRPH ROG0
HU1
2FFXUV ZKHQ SDUWV RU ZLULQJ
PRYH IRU VRPH UHDVRQ DQG
FRQWDFW PHWDO SDUWV RI WKH
ERG\1
'XH WR GHWDFKPHQW IURP WKH
ERG\ RI WKH IURQW KRRG/
EXPSHUV/ H[KDXVW SLSH DQG
PXIIOHU/ VXVSHQVLRQ/ HWF1
-
&KHFN RU UHSODFH WKH
HDUWK FDEOH1+5HIHU WR
)LJ14/5DQG 6 RQ
31870:5/ :61,
-
&KHFN RU UHSODFH WKH
QRLVH FDSDFLWRU1?9*:!
+5HIHU WR 7 RQ 31870:61,
5HSDLU RU UHSODFH HOHFWULFDO
FRPSRQHQWV1
5HWXUQ SDUWV RU ZLULQJ WR
WKHLU SURSHU SRVLWLRQ1
7LJKWHQ WKH PRXQWLQJ EROWV
VHFXUHO\1 &DVHV ZKHUH WKH
SUREOHP LV QRW HOLPLQDWHG E\
D VLQJOH UHVSRQVH WR RQH
DUHD DUH FRPPRQ/ GXH WR
VHYHUDO ERG\ SDUWV EHLQJ
LPSHUIHFWO\ HDUWKHG1
&DXWLRQ
41 &RQQHFWLQJ D KLJK WHQVLRQ FDEOH WR WKH QRLVH
ILOWHU PD\ GHVWUR\ WKH QRLVH ILOWHU DQG VKRXOG
QHYHU EH GRQH1
51 &KHFN WKDW WKHUH LV QR H[WHUQDO QRLVH1 6LQFH
IDLOXUH FDXVHG E\ WKLV PD\ UHVXOW LQ
PLVGLDJQRVLV GXH WR LQDELOLW\ WR LGHQWLI\ WKH
QRLVH VRXUFH/ WKLV RSHUDWLRQ PXVW EH
SHUIRUPHG1
61 1RLVH SUHYHQWLRQ VKRXOG EH SHUIRUPHG E\
VXSSUHVVLQJ VWURQJ VRXUFHV RI QRLVH VWHS
E\ VWHS1
127(
41 &DSDFLWRU
7KH FDSDFLWRU GRHV QRW SDVV '1&1 FXUUHQW/ EXW
DV WKH QXPEHU RI ZDYHV LQFUHDVHV ZKHQ LW
+)LJ14,
(DUWK FDEOH
SDVVHV $1&1 FXUUHQW/ LPSHGDQFH +UHVLVWDQFH
DJDLQVW $1&1, GHFUHDVHV/ DQG FXUUHQW IORZ LV
IDFLOLWDWHG1 $ QRLVH VXSSUHVVLQJ FRQGHQVHU
ZKLFK WDNHV DGYDQWDJH RI WKLV SURSHUW\ LV
LQVHUWHG EHWZHHQ WKH SRZHU OLQH IRU WKH QRLVH
VRXUFH DQG WKH HDUWK1 7KLV VXSSUHVVHV QRLVH
E\ HDUWKLQJ WKH QRLVH FRPSRQHQW +$1&1 RU SXOVH
VLJQDO, WR WKH ERG\ RI WKH YHKLFOH1
51 &RLO
7KH FRLO SDVVHV '1&1 FXUUHQW/ EXW LPSHGDQFH
ULVHV DV WKH QXPEHU RI ZDYHV LQFUHDVHV UHODWLYH
WR WKH $1&1 FXUUHQW1 $ QRLVH VXSSUHVVLQJ FRLO
ZKLFK WDNHV DGYDQWDJH RI WKLV SURSHUW\ LV
LQVHUWHG LQWR WKH SRZHU OLQH IRU WKH QRLVH VRXUFH/
DQG ZRUNV E\ SUHYHQWLQJ WKH QRLVH FRPSRQHQW
IURP IORZLQJ RU UDGLDWLQJ RXW RI WKH OLQH1
+)LJ15,
(DUWK FDEOH
Page 73

&+$66,6 (/(&75,&$/ ï
5DGLR DQG 7DSH 3OD\HU
870:6
+)LJ16,
?7'8!
(DUWK FDEOH
+)LJ17,
?9*:!
1RLVH FDSDFLWRU
$0: 6RPH QRLVH DSSHDUV ZKHQ WKHUH LV YLEUDWLRQ RU VKRFNV GXULQJ WUDYHOOLQJ1
$UH FRQQHFWRUV SURSHUO\ FRQQHFWHG"
<HV
'RHV QRLVH DSSHDU ZKHQ WKH UDGLR VZLWFK LV WXUQHG RQ ZKLOH WKH
YHKLFOH LV VWRSSHG DQG WKH UDGLR LV VWUXFN ZKLOH WXQHG DZD\ IURP
D VWDWLRQ"
<HV
,V WKH UDGLR FRUUHFWO\ HDUWKHG" +,V WKH PRXQWLQJ VFUHZ WLJKWHQHG
VHFXUHO\",
<HV
,V WKHDQWHQQD FRUUHFWO\ HDUWKHG" +,I QRLVH DSSHDUV ZKHQ WKHDQWHQQD
LV PRYHG/ WKLV PHDQV WKH HDUWK LV QRW VHFXUHO\ FRQQHFWHG1,
<HV
5HSDLU RU UHSODFH UDGLR1
1R
1R
1R
1R
(QVXUH SURSHU FRQQHFWLRQ1
6WDWLF HOHFWULFLW\ QRLVH=
%RG\ VWDWLF HOHFWULF IURP WKH VKRFN DEVRUEHU UXEEHU EXVKLQJV XVHG
WR SUHYHQW YLEUDWLRQ/ W\UHV/ HWF1 RFFXUV EHFDXVH RI VHSDUDWLRQ IURP
WKH HDUWK/ FDXVLQJ D EX]]LQJ QRLVH1 6LQFH QR PHDVXUHV FDQ EH
WDNHQRQWKHUDGLRVLGH/ RWKHU VWHSV VKRXOG EH WDNHQ WR GLVFKDUJH
WKH VWDWLF HOHFWULFLW\ RI WKH YHKLFOH ERG\1
7LJKWHQ WKH VFUHZ VHFXUHO\1
,I UXVW LV SUHVHQW DW WKH DQWHQQD HDUWK VFUHZ/ FOHDQ DQG WLJKWHQ
WKH HDUWK VHFXUHO\1
Page 74

870:7
&+$66,6 (/(&75,&$/ ï
$0; 1RLVH VRPHWLPHV DSSHDUV RQ )0 GXULQJ WUDYHOOLQJ1
5DGLR DQG 7DSH 3OD\HU
'RHV WKH SUREOHP FOHDU XS ZKHQ UHWXQHG"
1R
'RHV WKH SUREOHP DSSHDU RQO\ LQ FHUWDLQ ORFDWLRQV DQG RQO\ ZLWK
FHUWDLQ VWDWLRQV"
1R
$UH FRQQHFWRUV SURSHUO\ FRQQHFWHG"
<HV
'RHV QRLVH DSSHDU ZKHQ WKH UDGLR VZLWFK LV WXUQHG RQ ZKLOH WKH
YHKLFOH LV VWRSSHG DQG WKH UDGLR LV VWUXFN ZKLOH WXQHG DZD\ IURP
D VWDWLRQ"
<HV
,V WKH UDGLR ERG\ FRUUHFWO\ HDUWKHG" +,V WKH PRXQWLQJ VFUHZ WLJKWHQHG
VHFXUHO\",
<HV
,V WKHDQWHQQD FRUUHFWO\ HDUWKHG" +,I QRLVH DSSHDUV ZKHQ WKHDQWHQQD
LV PRYHG/ WKLV PHDQV WKH HDUWK LV QRW VHFXUHO\ FRQQHFWHG1,
<HV
5HSDLU RU UHSODFH UDGLR1
<HV
<HV
1R
1R
1R
1R
2.
'XH WR HOHFWULFDO ILHOG FRQGLWLRQV1+0XOWLSDWK QRLVH-/ IDGLQJ QRLVH-,1
&KHFN FRQQHFWRU FRQQHFWLRQV1
6WDWLF HOHFWULFLW\ QRLVH=
%RG\ VWDWLF HOHFWULF IURP WKH VKRFN DEVRUEHU UXEEHU EXVKLQJV XVHG
WR SUHYHQW YLEUDWLRQ/ W\UHV/ HWF1 RFFXUV EHFDXVH RI VHSDUDWLRQ IURP
WKH HDUWK/ FDXVLQJ D EX]]LQJ QRLVH1 6LQFH QR PHDVXUHV FDQ EH
WDNHQRQWKHUDGLRVLGH/ RWKHU VWHSV VKRXOG EH WDNHQ WR GLVFKDUJH
WKH VWDWLF HOHFWULFLW\ RI WKH YHKLFOH ERG\1
7LJKWHQ WKH VFUHZ VHFXUHO\1
,I UXVW LV SUHVHQW DW WKH DQWHQQD HDUWK VFUHZ/ FOHDQ DQG WLJKWHQ
WKH HDUWK VHFXUHO\1
- $ERXW PXOWLSDWK QRLVH DQG IDGLQJ QRLVH
%HFDXVH WKH IUHTXHQF\ RI )0 ZDYHV LV
H[WUHPHO\ KLJK/ LW LV KLJKO\ VXVFHSWLEOH WR HIIHFWV
IURP JHRORJLFDO IRUPDWLRQV DQG EXLOGLQJV1
7KHVH HIIHFWV GLVUXSW WKH EURDGFDVW VLJQDO DQG
REVWUXFW UHFHSWLRQ LQ VHYHUDO ZD\V1
-
0XOWLSDWK QRLVH
7KLV GHVFULEHV WKH HFKR WKDW RFFXUV ZKHQ
WKH EURDGFDVW VLJQDO LV UHIOHFWHG E\ D ODUJH
REVWUXFWLRQ DQG HQWHUV WKH UHFHLYHU ZLWK
D VOLJKW WLPH GHOD\ UHODWLYH WR WKH GLUHFW
VLJQDO +UHSHWLWLRXV EX]]LQJ,1
-
)DGLQJ QRLVH
7KLV LV D EX]]LQJ QRLVH WKDW RFFXUV ZKHQ
WKH EURDGFDVW EHDP LV GLVUXSWHG E\
REVWUXFWLQJ REMHFWV DQG WKH VLJQDO VWUHQJWK
IOXFWXDWHV LQWULFDWHO\ ZLWKLQ D QDUURZ UDQJH1
Page 75

&+$66,6 (/(&75,&$/ ï
$0< (YHU0SUHVHQW QRLVH1
5DGLR DQG 7DSH 3OD\HU
870:8
1RLVH LV RIWHQ FUHDWHG E\ WKH IROORZLQJ IDFWRUV/ DQG
RIWHQ WKH UDGLR LV 2. ZKHQ LW LV FKHFNHG LQGLYLGXDOO\1
- 7UDYHOOLQJ FRQGLWLRQV RI WKH YHKLFOH
- 7HUUDLQ RI DUHD WUDYHOOHG WKURXJK
- 6XUURXQGLQJ EXLOGLQJV
- 6LJQDO FRQGLWLRQV
- 7LPH SHULRG
)RU WKLV UHDVRQ/ LI WKHUH DUH VWLOO SUREOHPV ZLWK QRLVH
HYHQ DIWHU WKH PHDVXUHV GHVFULEHG LQ VWHSV $04
WR $0; KDYH EHHQ WDNHQ/ JHW LQIRUPDWLRQ RQ WKH
IDFWRUV OLVWHG DERYH DV ZHOO DV GHWHUPLQLQJ ZKHWKHU
WKH SUREOHP RFFXUV ZLWK $0 RU )0/ WKH VWDWLRQ
QDPHV/ IUHTXHQFLHV/ HWF1/ DQG FRQWDFW D VHUYLFH
FHQWUH1
%1 5$',2
%04 1R SRZHU LV VXSSOLHG ZKHQ WKH VZLWFK LV VHW WR 211
,V GHGLFDWHG IXVH 1R17EORZQ RU LV WKH FLUFXLW RSHQ"
1R
,V WKH FRQQHFWRU DW WKH EDFN RI WKH UDGLR FRQQHFWHG SURSHUO\"
<HV
'LVFRQQHFW DQG FKHFN WKH FRQQHFWRU DW WKH UHDU RI WKH UDGLR1 ,V
WKH $&& SRZHU +45 9, EHLQJ VXSSOLHG WR WKH UDGLR"
<HV
5HSDLU RU UHSODFH UDGLR1
<HV
1R
1R
%05 1R VRXQG IURP RQH VSHDNHU1
5HSODFH IXVH RU UHSDLU KDUQHVV1
&RQQHFW FRQQHFWRU VHFXUHO\1
5HSDLU KDUQHVV1
&KHFN WR VHH LI WKHUH LV DQ\ VRXQG ZKHQ
DWWDFKHG WR DQRWKHU UDGLR1
1R
5HPRYH WKH FRQQHFWRU RQ WKH EDFN RI
WKH UDGLR DQG FKHFN WKH VSHDNHU KDUQHVV
IRU FRQGXFWDQFH1
1R
&KHFN WKH VSHDNHU IRU FRQGXFWDQFH1
1R
5HSDLU RU UHSODFH VSHDNHU1
<HV
<HV
<HV
5HSDLU RU UHSODFH UDGLR1
,W FRQGXFWV HOHFWULFLW\ EXW LV VKRUWHG RXW1 5HSDLU VSHDNHU KDUQHVV1
5HSDLU VSHDNHU KDUQHVV DQG HQVXUH
SURSHU FRQQHFWLRQ RI UHOD\ FRQQHFWRUV1
Page 76

870:9
&+$66,6 (/(&75,&$/ ï
5DGLR DQG 7DSH 3OD\HU
%06 7KHUH LV QRLVH EXW QR UHFHSWLRQ IRU ERWK $0 DQG )0 RU QR VRXQG IURP $0/ RU QR VRXQG IURP
)01
,V WKH FKHFN EHLQJ FRQGXFWHG XQGHU VSH0
FLDO HOHFWULFDO ILHOG FRQGLWLRQV"
1R
'RHV WXQLQJ VROYH WKH SUREOHP"
1R
$UH WKH DQWHQQD SOXJ DQG UDGLR XQLW SURSHUO\ FRQQHFWHG"
<HV
'RHV WKH SUREOHP GLVDSSHDU LI FRQQHFWHG WR DQRWKHU UDGLR"
1R
5HSODFH WKH DQWHQQD1
([DPSOH= ,Q DQ XQGHUJURXQG
JDUDJH RU LQVLGH D EXLOGLQJ1
<HV
,V SURSHU SHUIRUPDQFH REWDLQHG ZKHQ
WKH YHKLFOH LV PRYHG"
%07 ,QVXIILFLHQW VHQVLWLYLW\1
,V WKH FKHFN EHLQJ FRQGXFWHG XQGHU VSH0
FLDO HOHFWULFDO ILHOG FRQGLWLRQV"
1R
([DPSOH= ,Q DQ XQGHUJURXQG
JDUDJH RU LQVLGH D EXLOGLQJ1
<HV
1R
<HV
1R
<HV
<HV
2.
2.
5HFRQQHFW
5HSDLU RU UHSODFH UDGLR1
,V SURSHU SHUIRUPDQFH REWDLQHG ZKHQ
WKH YHKLFOH LV PRYHG"
'RHV WXQLQJ VROYH WKH SUREOHP"
1R
,V WKH SUREOHP OLPLWHG WR WKH UHFHSWLRQ RI D VSHFLILF UDGLR
VWDWLRQ IURP D VSHFLILF SRVLWLRQ"
1R
,V WKH DQWHQQD SOXJ SURSHUO\ FRQQHFWHG WR WKH XQLW"
<HV
'RHV WKH SUREOHP GLVDSSHDU ZKHQ D GLIIHUHQW UDGLR LV FRQ0
QHFWHG"
1R
5HSODFH WKH DQWHQQD1
<HV
1R
<HV
<HV
1R
<HV
2.
2.
(OHFWULFDO ILHOG FRQGLWLRQ UHODWHG+PXOWLSDWK QRLVH RU IDGLQJ QRLVH,
(QVXUH SURSHU FRQQHFWLRQ1
5HSDLU RU UHSODFH UDGLR1
- )RU PXOWLSDWK QRLVH DQG IDGLQJ QRLVH SUREOHPV/ UHIHU WR 31 870:51
Page 77

&+$66,6 (/(&75,&$/ ï
%08 'LVWRUWLRQ RQ $0 RU RQ ERWK $0 DQG )01
5DGLR DQG 7DSH 3OD\HU
870::
+RZ PXFK GLVWRUWLRQ LV WKHUH"
&RQVWDQW
$UH WKH VSHDNHU FRUGV LQ FRQWDFW ZLWK WKH FRQH SDSHU"
1R
5HPRYH WKH VSHDNHUV DQG FKHFN IRU WRUQ FRQH SDSHU RU IRUHLJQ
REMHFWV1
1R
&KHFN IRU GHIRUPDWLRQ ZLWK VSHDNHU LQVWDOOHG1
1R
5HSDLU RU UHSODFH UDGLR1
2FFDVLRQDO
'LVWRUWLRQ LQ WKH YLFLQLW\ RI WKH UDGLR VWD0
WLRQ
%09 'LVWRUWLRQ RQ )0 RQO\
'RHV WKH GLVWRUWLRQ SHUVLVW ZKHQ WKH UDGLR LV WXQHG WR DQRWKHU VWDWLRQ"
<HV
'RHV GLVWRUWLRQ LQFUHDVH RU GHFUHDVH ZKHQ WKH YHKLFOH LV PRYHG"
1R
5HSDLU RU UHSODFH UDGLR1
1R
<HV
<HV
<HV
1R
<HV
<HV
5HPRYH FRUGV DZD\ IURP FRQH SDSHU1
5HSDLU RU UHSODFH VSHDNHUV1
,QVWDOO VSHDNHU VHFXUHO\1
'XH WR ZHDN HOHFWULFDO ILHOG RI UDGLR VWDWLRQ
'XH WR PXOWLSDWK QRLVH
([FHVVLYH DQWHQQD LQSXW
%0: 7RR IHZ DXWRPDWLF VHOHFW VWDWLRQV1
,V WKH FKHFN EHLQJ FRQGXFWHG XQGHU VSH0
FLDO HOHFWULFDO ILHOG FRQGLWLRQV"
1R
,V WKH DQWHQQD SOXJ SURSHUO\ FRQQHFWHG WR WKH HTXLSPHQW"
<HV
'RHV WKH HTXLSPHQW ZRUN SURSHUO\ LI WKH UDGLR LV FKDQJHG"
1R
5HSODFH WKH DQWHQQD1
([DPSOH= ,Q DQ XQGHUJURXQG
JDUDJH RU LQVLGH D EXLOGLQJ
<HV
,V SURSHU SHUIRUPDQFH REWDLQHG ZKHQ
WKH YHKLFOH LV PRYHG"
1R
1R
<HV
<HV
2.
(QVXUH SURSHU FRQQHFWLRQ1
5HSDLU RU UHSODFH UDGLR1
Page 78

870:;
&+$66,6 (/(&75,&$/ ï
%0; ,QVXIILFLHQW PHPRU\ +SUHVHW VWDWLRQV DUH HUDVHG,1
5DGLR DQG 7DSH 3OD\HU
,V GHGLFDWHG IXVH 1R18EORZQ RU LV WKH FLUFXLW RSHQ"
1R
'LVFRQQHFW DQG FKHFN WKH FRQQHFWRU DW WKH UHDU RI WKH UDGLR1
,V WKH PHPRU\ EDFNXS +EDWWHU\, SRZHU EHLQJ VXSSOLHG"
<HV
5HSDLU RU UHSODFH UDGLR1
&1 7$3( 3/$<(5
&04 &DVVHWWH WDSH ZLOO QRW EH LQVHUWHG1
$UH WKHUH DQ\ IRUHLJQ REMHFWV LQ WKH WDSH SOD\HU"
1R
'RHV WKH WDSH SOD\HU ZRUN LI DQRWKHU WDSH LV LQVHUWHG"
1R
5HSDLU RU UHSODFH WDSH SOD\HU1
<HV
1R
<HV
<HV
5HSODFH IXVH RU UHSDLU KDUQHVV1
5HSDLU KDUQHVV1
5HPRYH WKH REMHFW+V,-
4
-
$WWHPSWLQJ WR IRUFH D IRUHLJQ REMHFW +H1J1/ D FRLQ RU FOLS/ HWF1, RXW
RI WKH WDSH SOD\HU PD\ GDPDJH WKH PHFKDQLVP1 7KH SOD\HU VKRXOG
EH WDNHQ WR D VHUYLFH GHDOHU IRU UHSDLU1
5HSODFH WDSH-
5
-
(QVXUH WKDW WKH WDSH ODEHO LV QRW ORRVH/ WKDW WKH WDSH LWVHOI LV QRW
GHIRUPHG DQG WKDW WKH WDSH LV WLJKWO\ ZRXQG1 $OVR/ WDSH RI &0453
RU JUHDWHU OHQJWK RIWHQ JHW FDXJKW LQ WKH PHFKDQLVP DQG VKRXOG
QRW EH XVHG1
5
4
&05 1R VRXQG +HYHQ DIWHU D WDSH KDV EHHQ LQVHUWHG,1
,V GHGLFDWHG IXVH 1R17EORZQ RU LV WKH FLUFXLW RSHQ"
1R
,V FRQQHFWRU DW UHDU RI UDGLR FRQQHFWHG WLJKWO\"
<HV
'LVFRQQHFW FRQQHFWRU DW UHDU RI UDGLR1 ,V $&& SRZHU EHLQJ VXSSOLHG
WR WKH UDGLR"
1R
5HSDLU KDUQHVV1
<HV
1R
<HV
5HSODFH IXVH RU UHSDLU KDUQHVV1
&RQQHFW FRQQHFWRU ILUPO\1
5HSDLU RU UHSODFH WDSH SOD\HU1
Page 79

&+$66,6 (/(&75,&$/ ï
&06 1R VRXQG IURP RQH VSHDNHU1
5DGLR DQG 7DSH 3OD\HU
870:<
&OHDQ WKH WDSH SOD\HU KHDG DQG FKHFN DJDLQ1
1R
5HSODFH WKH WDSH SOD\HU DQG FKHFN DJDLQ1
1R
5HPRYH WKH FRQQHFWRU RQ WKH EDFN RI WKH UDGLR DQG FKHFN
WKH VSHDNHU KDUQHVV IRU FRQGXFWDQFH1
1R
&KHFN WKH VSHDNHU IRU FRQGXFWDQFH1
1R
5HSDLU RU UHSODFH VSHDNHU1
<HV
<HV
<HV
<HV
&07 6RXQG TXDOLW\ LV SRRU/ RU VRXQG LV ZHDN1
'RHV WKH SOD\HU SOD\ SURSHUO\ ZKHQ DQRWKHU WDSH- LV LQVHUWHG"
1R
-=
- (QVXUH WKDW WKH WDSH ODEHO LV QRW ORRVH/ WKDW WKH WDSH
LWVHOI LV QRW GHIRUPHG DQG WKDW WKH WDSH LV WLJKWO\ ZRXQG1
- 7DSHV RI &0453 RU JUHDWHU OHQJWK RIWHQ JHW FDXJKW LQ
WKH PHFKDQLVP DQG VKRXOG QRW EH XVHG1
'RHV WKH SOD\HU SOD\ SURSHUO\ ZKHQ WKH WDSH SOD\HU KHDG LV FOHDQHG"
1R
,V SURSHU RSHUDWLRQ REWDLQHG ZKHQ WKH WDSH SOD\HU LV UHSODFHG"
1R
5HSDLU RU UHSODFH VSHDNHU1
2.
5HSDLU RU UHSODFH WDSH SOD\HU1
,W FRQGXFWV HOHFWULFLW\ EXW LV
VKRUWHG RXW1
5HSDLU KDUQHVV1
<HV
<HV
<HV
5HSDLU KDUQHVV1
2.
2.
5HSDLU RU UHSODFH WDSH SOD\HU1
&08 &DVVHWWH WDSH ZLOO QRW EH HMHFWHG1
7KH SUREOHPV FRYHUHG KHUH DUH DOO WKH UHVXOW RI
WKH XVH RI D EDG WDSH +GHIRUPHG RU QRW SURSHUO\
WLJKWHQHG, RU RI D PDOIXQFWLRQ RI WKH WDSH SOD\HU
LWVHOI1 0DOIXQFWLRQV LQYROYLQJ WKH WDSH EHFRPLQJ
FDXJKW LQ WKH PHFKDQLVP DQG UXLQLQJ WKH FDVH DUH
DOVR SRVVLEOH/ DQG DWWHPSWLQJ WR IRUFH WKH WDSH RXW
RI WKH SOD\HU FDQ FDXVH GDPDJH WR WKH PHFKDQLVP1
7KH SOD\HU VKRXOG EH WDNHQ WR D VHUYLFH GHDOHU
IRU UHSDLU1
Page 80

870;3
&+$66,6 (/(&75,&$/ ï
&09 8QHYHQ UHYROXWLRQ1 7DSH VSHHG LV IDVW RU VORZ1
5DGLR DQG 7DSH 3OD\HU
'RHV WKH SOD\HU SOD\ 2. LI WKH WDSH-4LV FKDQJHG"
1R
$UH WKHUH DQ\ IRUHLJQ REMHFWV -5LQVLGH WKH WDSH SOD\HU"
1R
,V WKH KHDG RU FDSVWDQ UROOHU GLUW\" +5HIHU WR WKH LOOXVWUDWLRQ EHORZ1,
1R
5HSDLU RU UHSODFH WDSH SOD\HU1
3LQFK UROOHU
4
-
(QVXUH WKDW WKH WDSH ODEHO LV QRW ORRVH/ WKDW WKH WDSH LWVHOI
LV QRW GHIRUPHG DQG WKDW WKH WDSH LV WLJKWO\ ZRXQG1 $OVR/
WDSH RI &0453 RU JUHDWHU OHQJWK RIWHQ JHW FDXJKW LQ WKH
PHFKDQLVP DQG VKRXOG QRW EH XVHG1
5
-
$WWHPSWLQJ WR IRUFH D IRUHLJQ REMHFW +H1J1/ D FRLQ RU FOLS/
HWF1, RXW RI WKH WDSH SOD\HU PD\ GDPDJH WKH PHFKDQLVP1
7KH SOD\HU VKRXOG EH WDNHQ WR D VHUYLFH GHDOHU IRU UHSDLU1
+HDG
&DSVWDQ UROOHU
<HV
<HV
<HV
2.
5HPRYH IRUHLJQ REMHFW+V,1
&OHDQ1
&0: )DXOW\ DXWR UHYHUVH1
'RHV WKH SOD\HU SOD\ 2. LI WKH WDSH- LV FKDQJHG"
1R
-=
- (QVXUH WKDW WKH WDSH ODEHO LV QRW ORRVH/ WKDW WKH WDSH
LWVHOI LV QRW GHIRUPHG DQG WKDW WKH WDSH LV WLJKWO\ ZRXQG1
- 7DSHV RI &0453 RU JUHDWHU OHQJWK RIWHQ JHW FDXJKW LQ
WKH PHFKDQLVP DQG VKRXOG QRW EH XVHG1
'RHV WKH SUREOHP RQO\ RFFXU ZKLOH WKH YHKLFOH LV EHLQJ GULYHQ"
<HV
,V WKH WDSH SOD\HU SURSHUO\ LQVWDOOHG WR WKH YHKLFOH"
<HV
5HSDLU RU UHSODFH WDSH SOD\HU1
<HV
1R
1R
2.
5HSDLU RU UHSODFH WDSH SOD\HU1
(QVXUH WDSH SOD\HU LQVWDOODWLRQ1
Page 81

&+$66,6 (/(&75,&$/ ï
&0; 7DSH JHWV FDXJKW LQ PHFKDQLVP-41
4
-
:KHQ WKH WDSH LV FDXJKW LQ WKH PHFKDQLVP/ WKH FDVH PD\
QRW HMHFW1 :KHQ WKLV RFFXUV/ GR QRW WU\ WR IRUFH WKH WDSH
RXW DV WKLV PD\ GDPDJH WKH WDSH SOD\HU PHFKDQLVP1 7D NH
WKH FDVVHWWH WR D VHUYLFH GHDOHU IRU UHSDLU1
'RHV WKH SOD\HU SOD\ 2. LI WKH WDSH-5LV FKDQJHG"
1R
5
-
(QVXUH WKDW WKH WDSH ODEHO LV QRW ORRVH/ WKDW WKH WDSH LWVHOI
LV QRW GHIRUPHG DQG WKDW WKH WDSH LV WLJKWO\ ZRXQG1 $OVR/
WDSHV RI &0453 RU JUHDWHU OHQJWK RIWHQ JHW FDXJKW LQ WKH
PHFKDQLVP DQG VKRXOG QRW EH XVHG1
5HSDLU RU UHSODFH WDSH SOD\HU1
5DGLR DQG 7DSH 3OD\HU
<HV
7DSH XVHG LV EDG1
870;4
Page 82

870;5
&+$66,6 (/(&75,&$/ ï
5DGLR DQG 7DSH 3OD\HU
5$',2 $1' 7$3( 3/$<(5 :,7+ $17,07+()7 6<67(0
- $IWHU WKH SRZHU VXSSO\ WR WKH UDGLR DQG WDSH
SOD\HU KDV EHHQ LQWHUUXSWHG IRU DQ KRXU RU PRUH/
WKH DQWL0WKHIW V\VWHP ZLOO SUHYHQW WKH UDGLR DQG
WDSH SOD\HU IURP ZRUNLQJ/ HYHQ LI WKH SRZHU
:KHQ WKH LJQLWLRQ NH\ LV LQ WKH $&& RU 21 SRVLWLRQ DQG WKH 32:(5
EXWWRQ LV SUHVVHG/ GRHV ´&2'(µ DSSHDU RQ WKH GLVSOD\"
<HV
&DQ WKH VHFXULW\ FRGH EH LQSXW WR WKH GLVSOD\ XVLQJ WKH PHPRU\
VHOHFW EXWWRQV"
<HV
,I WKH %$1' EXWWRQ LV SUHVVHG DIWHU VHFXULW\ FRGH KDV EHHQ LQSXW/
GR WKH UDGLR DQG WDSH SOD\HU WKHQ ZRUN"
1R
,I WKH VHFXULW\ FRGH LV QRW DFFHSWHG/ LV ´4 (5525µ GLVSOD\HG IRU
WZR VHFRQGV DQG WKHQ FKDQJHV LQWR ´FRGHµ WR ZDLW IRU WKH QH[W
LQSXW"
<HV
,I WKH %$1' EXWWRQ DUH SUHVVHG DIWHU WKH VHFXULW\ FRGH KDV EHHQ
LQSXW DJDLQ E\ PHDQV RI WKH PHPRU\ VHOHFW EXWWRQV/ GR WKH UDGLR
DQG WDSH SOD\HU WKHQ ZRUN"
1R
,I WKH VHFXULW\ FRGH LV QRW DFFHSWHG/ LV ´5 (5525µ GLVSOD\HG IRU
WZR VHFRQGV DQG WKHQ FKDQJHV LQWR ´FRGHµ WR ZDLW IRU WKH QH[W
LQSXW"
<HV
,I WKH %$1' EXWWRQ DUH SUHVVHG DIWHU WKH VHFXULW\ FRGH KDV EHHQ
LQSXW DJDLQ E\ PHDQV RI WKH PHPRU\ VHOHFW EXWWRQV/ GR WKH UDGLR
DQG WDSH SOD\HU WKHQ ZRUN"
1R
1R
1R
<HV
1R
<HV
1R
<HV
VXSSO\ LV UHVWRUHG1 3UREOHP ZLWK WKH DQWL0WKHIW
V\VWHP FDQ EH IRXQG XVLQJ WKH IORZ FKDUW EHORZ1
&KHFN DQG UHSDLU WKH FRQQHFWRU RU KDUQHVV1
5HSDLU RU UHSODFH WKH UDGLR DQG WDSH SOD\HU1
1RUPDO
5HSDLU RU UHSODFH WKH UDGLR DQG WDSH SOD\HU1
1RUPDO +DQ LQFRUUHFW FRGH ZDV LQSXW WKH ILUVW WLPH,
5HSDLU RU UHSODFH WKH UDGLR DQG WDSH SOD\HU1
1RUPDO +DQ LQFRUUHFW FRGH ZDV LQSXW WKH VHFRQG WLPH,
87733763365
,I WKH VHFXULW\ FRGH LV QRW DFFHSWHG/ ´6 (5525µ LV GLVSOD\HG IRU
ILYH VHFRQGV DQG WKHQ FKDQJHV LQWR ´2))µ1 7KHQ WKH VHFXULW\ FRGH
FDQ QRW EH LQSXW DQ\ PRUH1 7R LQSXW WKH VHFXULW\ FRGH DJDLQ/ WXUQ
WKH LJQLWLRQ VZLWFK WR WKH $&& RU 21 SRVLWLRQ DQG ZDLW IRU RQH
KRXU ZKHQ ´2))µ LV GLVSOD\HG1 $IWHU ´2))µ GLVDSSHDUV RQ WKH GLVSOD\
DQG FKDQJHV LQWR ´FRGHµ/ WKH VHFXULW\ FRGH FDQ EH LQSXW DJDLQ1
Page 83

&+$66,6 (/(&75,&$/ ï
352&('85( )25 ,1387 2) 6(&85,7< &2'( )25
5$',2 $1' 7$3( 3/$<(5 :,7+ $17,07+()7
6<67(0
7KH UDGLR DQG WDSH SOD\HU GRHV QRW ZRUN LQ WKH IROORZLQJ
VWDWHV1
- 3RZHU VXSSO\ WR WKH UDGLR DQG WDSH SOD\HU KDV EHHQ
VXVSHQGHG IRU PRUH WKDQ DQ KRXU FRQWLQXRXVO\ E\
UHPRYLQJ WKH FDEOH IURP WKH EDWWHU\ WHUPLQDO IRU
GLVFRQQHFWLQJ WKH KDUQHVV FRQQHFWRUV1
- 7KH SRZHU VXSSO\ WR WKH UDGLR DQG WDSH SOD\HU KDV EHHQ
VXVSHQGHG IRU PRUH WKDQ DQ KRXU RZLQJ WR EORZQ IXVH
RU GLVFKDUJHG EDWWHU\1
- 7KH UDGLR DQG WDSH SOD\HU KDV EHHQ UHSODFHG1
,I WKH UDGLR DQG WDSH SOD\HU GRHV QRW ZRUN IRU WKHVH FDXVHV/
LQSXW WKH VHFXULW\ FRGH E\ WKH IROORZLQJ SURFHGXUH1
5DGLR DQG 7DSH 3OD\HU
870;6
8773377348;
&DUG
6HFXULW\ FRGH
7\SLFDO QDPH FDUG
6(5,$/ 1R1
&DUGV
41 8VLQJ DQ\ RI WKH IROORZLQJ PHWKRGV/ FRQILUP WKH VHFXULW\
FRGH1
+4, 5HDG WKH VHFXULW\FRGH LQGLFDWHG RQ WKH FDUGV UHWDLQHG
E\ WKH FDU1
+5, ,I WKH VHFXULW\ FRGH LV XQNQRZQ RZLQJ WR WKH XVHU·V
ORVV RI WKH FDUG=
D1 5HPRYH WKH UDGLR DQG WDSH SOD\HU/ UHIHUULQJ WR
31870;81
E1 5HDG WKH VHULDO 1R1 VWDPSHG RQ WKH UDGLR DQG
WDSH SOD\HU1
F1 /RRN XS WKH VHFXULW\ FRGH +DQWL0WKHIW FRGH WDEOH,
FRUUHVSRQGLQJ WR WKH VHULDO QXPEHU/ RU DVN WKH
DXWKRUL]HG 0LWVXELVKL GHDOHU1
+6, :KHQ WKH UDGLR DQG WDSH SOD\HU LV UHSODFHG=
5HDG WKH VHFXULW\ FRGH RQ WKH FDUGV DWWDFKHG WR WKH
XSSHU VXUIDFH RI WKH UHSODFHPHQW UDGLR DQG WDSH
SOD\HU1
127(
'HOLYHU WKH WZR FDUGV WR WKH XVHU1
Page 84

870;7
&+$66,6 (/(&75,&$/ ï
5DGLR DQG 7DSH 3OD\HU
32:(5 EXWWRQ
%$1' EXWWRQ
0HPRU\ VHOHFW
EXWWRQ
'LVSOD\
45 67 8 9
51 5HWXUQ WKH SRZHU VXSSO\ IURP WKH EDWWHU\ WR WKH QRUPDO
FRQGLWLRQ1
61 7XUQ WKH LJQLWLRQ NH\ WR WKH ´$&&µ RU ´21µ SRVLWLRQ1
71 3UHVV WKH 32:(5 EXWWRQ/ DQG ´&2'(µ ZLOO EH GLVSOD\HG1
81 3UHVV 1R14 WKURXJK 1R17 PHPRU\ VHOHFW EXWWRQ WR VHW
WKH IRXU0GLJLW VHFXULW\ FRGH VKRZQ RQ WKH FDUG1
(YHU\ WLPH HDFK GLJLW NH\ LV SUHVVHG/ WKH ILJXUH FKDQJHV
DV IROORZV=3o4o51111111111<o3
91 3UHVV WKH %$1' EXWWRQ/ DQG D EHHS ZLOO EH KHDUG DQG
WKH UDGLR DQG WDSH SOD\HU ZLOO ZRUN1
:1 ,I WKH VHFXULW\ FRGH LV QRW DFFHSWHG/ ´4 (5525µ LV
GLVSOD\HG1 ,Q D IHZ PLQXWHV/ LW ZLOO FKDQJH WR ´&2'(µ1
7KHQ UHSHDW WKH VWHSV 8 DQG 91
127(
+4, ,I DQ LQFRUUHFW VHFXULW\ FRGH LV LQSXW/ WKH DQWL0WKHIW
V\VWHP ZLOO DOORZ WKUHH DWWHPSWV DW PRVW WR LQSXW WKH
FRUUHFW FRGH1
+5, 7KH VHFRQG HUURU LV GLVSOD\HG DV ´5 (5525µ1 :KHQ
WKH WKLUG HUURU LV PDGH/ ´6 (5525µ LV GLVSOD\HG DQG
WKHQ WKH GLVSOD\ FKDQJHV WR ´2))µ1 ,I WKLV VKRXOG RFFXU/
WKH XQLW ZLOO QRW ZRUN DQ\ PRUH1
+6, 7R LQSXW WKH VHFXULW\ FRGH DJDLQ/ WXUQ WKH LJQLWLRQ
VZLWFK WR WKH $&& RU 21 SRVLWLRQ DQG ZDLW IRU RQH
KRXU ZKHQ ´2))µ LV GLVSOD\HG1 $IWHU ´2))µ GLVDSSHDUV
RQ WKH GLVSOD\ DQG FKDQJHV LQWR ´&2'(µ/ WKH VHFXULW\
FRGH FDQ EH LQSXW DJDLQ1
32:(5 EXWWRQ
1R18 PHPRU\
VHOHFW EXWWRQ
80PLQXWH RSHUDWLRQ PRGH
7R IDFLOLWDWH UHSODFHPHQW RU FKHFN/ WKH UDGLR DQG WDSH SOD\HU
FDQ EH RSHUDWHG IRU ILYH PLQXWHV ZLWKRXW LQSXWWLQJ WKH VHFXULW\
FRGH1
41 3UHVV WKH 32:(5 EXWWRQ DQG 1R18 PHPRU\ VHOHFW EXWWRQ
WRJHWKHU WR RSHUDWH WKH UDGLR DQG WDSH SOD\HU1
51 ,Q ILYH PLQXWHV WKH XQLW ZLOO QRW EH DEOH WR ZRUN/ DQG
´&2'(µ ZLOO EH GLVSOD\HG WR LQGLFDWH WKDW WKH VHFXULW\
FRGH FDQ EH LQSXW DJDLQ1
Page 85

&+$66,6 (/(&75,&$/ ï
5DGLR DQG 7DSH 3OD\HU
870;8
5$',2 $1' 7$3( 3/$<(5
5(029$/ $1' ,167$//$7,21
3UH0UHPRYDO DQG 3RVW0LQVWDOODWLRQ 2SHUDWLRQ
- )URQW )ORRU &RQVROH $VVHPEO\ 5HPRYDO DQG
,QVWDOODWLRQ +5HIHU WR *5283 85$1,
- 'ULYHU·V 6LGH 8QGHU &RYHU RU .QHH 3URWHFWRU
$VVHPEO\/ 0HWHU %H]HO $VVHPEO\/ *ORYH %R[
87733473497
$VVHPEO\/ &HQWHU 8QGHU &RYHU 5HPRYDO DQG
,QVWDOODWLRQ +5HIHU WR*5283 85$ ï ,QVWUXPHQW 3DQHO1,
4
5
4
5HPRYDO VWHSV
41 5DGLR EUDFNHW
51 5DGLR DQG WDSH SOD\HU
63($.(5 8773359368;
5(029$/ $1' ,167$//$7,21
5HIHU WR *5283 75 ï 'RRU1
Page 86

870;9
&+$66,6 (/(&75,&$/ ï
$QWHQQD
$17(11$ 87733393397
63(&,$/ 722/
7RRO 1XPEHU 1DPH 8VH
0%<<3:;7 2UQDPHQW UHPRYHU 0HWHU EH]HO DVVHPEO\ UHPRYDO
$17(11$
5(029$/ $1' ,167$//$7,21
3UH0UHPRYDO DQG 3RVW0LQVWDOODWLRQ 2SHUDWLRQ
)URQW )ORRU &RQVROH $VVHPEO\ 5HPRYDO DQG
-
,QVWDOODWLRQ +5HIHU WR *5283 85$1,
'ULYHU·V 6LGH 8QGHU &RYHU/ 0HWHU %H]HO $VVHPEO\/
-
*ORYH %R[ $VVHPEO\/ &HQWHU 8QGHU &RYHU 5HPRYDO
7
877335<3673
DQG ,QVWDOODWLRQ +5HIHU WR *5283 85$ ï ,QVWUXPHQW
3DQHO1,
4
5
5HPRYDO VWHSV
41 3ROH
51 5DGLR DQG WDSH SOD\HU
-
)URQW VFXII SODWH +GULYHU·V VLGH,/
FRZO VLGH WULP +GULYHU·V VLGH,
+5HIHU WR *5283 85$ï7ULP1,
6
*$ò
61 &DEOH FOLSSHG SRUWLRQ
71 $QWHQQD EDVH
Page 87

&RUG
&RUG
&+$66,6 (/(&75,&$/ ï
7DSH
+ROH
$QWHQQD25HDU :LQGRZ 'HIRJJHU
870;:
5(029$/ 6(59,&( 32,17
*$ò
41 7LH D FRUG WR WKH HQG RI WKH IHHGHU FDEOH1
51 3XOO RXW WKH DQWHQQD EDVH XQWLO WKH HQG RI WKH GUDLQ SLSH
61 3DVV WKH FRUG WKURXJK WKH KROH LQ WKH HQG RI WKH GUDLQ
71 3XOO RXW WKH DQWHQQD EDVH OLWWOH E\ OLWWOH WR UHPRYH LW1
$17(11$ %$6( 5(029$/
FDQEHVHHQ1
SLSH DQG ZUDS LW ZLWK YLQ\O WDSH1
&DXWLRQ
:UDS LW VHFXUHO\ VR WKDW WKH FRUG ZLOO QRW FRPH RII1
5($5 :,1'2: '()2**(5 8763339359<
63(&,$/ 722/
7RRO 1XPEHU 1DPH 8VH
0%<<3:;7 2UQDPHQW UHPRYHU 0HWHU EH]HO DVVHPEO\ UHPRYDO
1RUPDO FKDUDFWHULVWLF FXUYH
9ROWDJH
$ +&HQWUH SRLQW,
DSSUR[199
3RVLWLYH
WHUPLQDO
$EQRUPDO FKDUDFWHULVWLF FXUYH
9ROWDJH
3ULQWHG
KHDWHU OLQH
1HJDWLYH
WHUPLQDO
2SHQ0FLUFXLW
SRLQW
2109(+,&/( 6(59,&(
35,17('0+($7(5 /,1( &+(&.
41 5XQ HQJLQH DW 5/333 U2PLQ1 &KHFN KHDWHU HOHPHQW ZLWK
EDWWHU\ DW IXOO1
51 7XUQ 21 UHDU ZLQGRZ GHIRJJHU VZLWFK1 0HDVXUH KHDWHU
HOHPHQW YROWDJH ZLWK FLUFXLW WHVWHU DW UHDU ZLQGRZ JODVV
FHQWUH $1
&RQGLWLRQ LV JRRG LI LW LQGLFDWHV DERXW 991
61 ,I 45 9 LV LQGLFDWHG DW $/ WKHUH LV D EUHDN LQ WKH QHJDWLYH
WHUPLQDOV IURP $1
0RYH WHVW EDU VORZO\ WR QHJDWLYH WHUPLQDO WR GHWHFW ZKHUH
YROWDJH FKDQJHV VXGGHQO\ +39,1
71 ,I 3 9 LV LQGLFDWHG DW $/ WKHUH LV D EUHDN LQ WKH SRVLWLYH
WHUPLQDOV IURP $1 'HIHFW ZKHUH WKH YROWDJH FKDQJHV
VXGGHQO\ +45 9, LQ WKH VDPH PHWKRG GHVFULEHG DERYH1
876334;3366
3RVLWLYH
WHUPLQDO
3ULQWHG
KHDWHU OLQH
1HJDWLYH
WHUPLQDO
Page 88

870;;
&+$66,6 (/(&75,&$/ ï
5HDU :LQGRZ 'HIRJJHU
5($5 :,1'2: '()2**(5 6:,7&+
5(029$/ $1' ,167$//$7,21
6HFWLRQ $ ï $
,QVWUXPHQW
SDQHO
4
127(
= PHWDO FOLS SRVLWLRQ
5HPRYDO VWHSV
41 0HWHU EH]HO DVVHPEO\
51 6ZLWFK KROGHU
61 5HDU ZLQGRZ GHIRJJHU VZLWFK
&OLS
,163(&7,21
'()2**(5 6:,7&+ &217,18,7< &+(&.
876339534<4
5
6
4
$
$
87633963366
5HDU ZLQGRZ
GHIRJJHU UHOD\
6ZLWFK SRVLWLRQ
2))
21
7HUPLQDO 1R1
4 ,// 8 5 ,1' 9 6 7
5($5 :,1'2: '()2**(5 5(/$< &217,18,7< &+(&.
876339;3538
%DWWHU\ YROWDJH
3RZHU LV QRW VXSSOLHG
3RZHU LV VXSSOLHG
7HUPLQDO 1R1
4 5 6 8