Xerox Workcentre Pro 428 User Manual

;(52;  
:RUN&HQWUHꢀ3URꢀꢁꢂꢃꢄꢁꢂꢅ  
6FDQQHUꢀ8VHUꢀ*XLGH  
7DEOHꢀRIꢀ&RQWHQWV  
0DLOER[ꢀ9LHZHUꢀDWꢀWKHꢀ6DPHꢀ7LPH ꢇꢇꢇꢇꢇꢇꢇꢇꢇꢇꢇꢇꢇꢇꢇꢇꢇꢇꢇꢇꢇꢇꢇꢇꢇꢇꢇꢇꢇꢇꢇꢇꢇꢇꢇ ꢎꢉꢅ  
ꢁ 3UHIDFH  
7KDQNꢀ\RXꢀIRUꢀSXUFKDVLQJꢀWKHꢀ;HUR[ꢀ:RUN&HQWUHꢀ3URꢀꢋꢅꢊꢒꢋꢅꢐꢇꢀ7KLVꢀ  
JXLGHꢀSURYLGHVꢀDOOꢀWKHꢀQHFHVVDU\ꢀRSHUDWLQJꢀLQVWUXFWLRQVꢀDQGꢀSUHFDXWLRQVꢀ  
IRUꢀXVLQJꢀVFDQQLQJꢀIHDWXUHVꢇ  
7RꢀJHWꢀWKHꢀPRVWꢀRXWꢀRIꢀWKHꢀPDFKLQHꢈꢀSOHDVHꢀUHDGꢀWKLVꢀJXLGHꢀFDUHIXOO\ꢀ  
EHIRUHKDQGꢇ  
 
8VLQJꢀ7KLVꢀ*XLGH  
%DFNJURXQGꢀꢁQRZOHGJH  
7KLVꢀJXLGHꢀLVꢀZULWWHQꢀZLWKꢀWKHꢀDVVXPSWLRQꢀWKDWꢀ\RXꢀDUHꢀIDPLOLDUꢀZLWKꢀWKHꢀ  
EDVLFꢀZRUNLQJVꢀRIꢀ\RXUꢀV\VWHPVꢇ:LWKꢀUHIHUHQFHꢀWRꢀLQIRUPDWLRQꢀVXFKꢀDVꢀ  
SHUVRQDOꢀFRPSXWHUVꢈꢀRSHUDWLQJꢀV\VWHPVꢀDQGꢀQHWZRUNVꢈꢀUHIHUꢀWRꢀWKHꢀ  
UHOHYDQWꢀLQIRUPDWLRQꢀIRUꢀDVVLVWDQFHꢇ  
2UJDQL]DWLRQ  
7KHꢀIROORZLQJꢀLVꢀDꢀVXPPDU\ꢀRIꢀHDFKꢀFKDSWHUꢁ  
&KDSWHUꢀꢂ 7KLVꢀFKDSWHU  
&KDSWHUꢀꢃ %HIRUHꢀ8VLQJꢀWKHꢀ6FDQQHU  
7KLVꢀFKDSWHUꢀSURYLGHVꢀWKHꢀVXPPDU\ꢀRIꢀVFDQQLQJꢀIHDWXUHVꢀDQGꢀ  
SUHSDUDWLRQꢀLQVWUXFWLRQVꢀIRUꢀXVLQJꢀWKHꢀQHWZRUNꢀVFDQQHUꢇ  
&KDSWHUꢀꢄ 2SHUDWLQJꢀWKHꢀ6FDQQHU  
7KLVꢀFKDSWHUꢀGHVFULEHVꢀKRZꢀWRꢀVFDQꢀWKHꢀGRFXPHQWꢇ  
&KDSWHUꢀꢅ2SHUDWLQJꢀWKHꢀ&OLHQWꢀꢆ3HUVRQDOꢀ&RPSXWHUꢇ  
7KLVꢀFKDSWHUꢀGHVFULEHVꢀKRZꢀWRꢀLPSRUWꢀWKHꢀVWRUHGꢀGRFXPHQWꢀIURPꢀWKHꢀ  
PDLOER[ꢀRIꢀWKHꢀPDFKLQHꢀWRꢀDꢀSHUVRQDOꢀFRPSXWHUꢀXVLQJꢀDꢀFOLHQWꢀSHUVRQDOꢀ  
FRPSXWHUꢇ  
&KDSWHUꢀꢈ 3UHFDXWLRQVꢀDQGꢀ/LPLWDWLRQV  
7KLVꢀFKDSWHUꢀGHVFULEHVꢀWKHꢀSUHFDXWLRQVꢀDQGꢀOLPLWDWLRQVꢀZKHQꢀXVLQJꢀWKHꢀ  
VFDQꢀIHDWXUHꢀDQGꢀDOVRꢀH[SODLQVꢀKRZꢀWRꢀWURXEOHVKRRWꢀSUREOHPVꢀZKHQꢀ  
WKH\ꢀRFFXUꢇ  
$SSHQGL[ 7KLVꢀVHFWLRQꢀSURYLGHVꢀLQIRUPDWLRQꢀRQꢀVFDQꢀIHDWXUHꢀUHIHUHQFHVꢀDQGꢀ  
SURFHGXUHVꢀZKHQꢀXVLQJꢀ&HQWUH:DUHꢀ6FDQQLQJꢀ6HUYLFHVꢇ  
     
&RQYHQWLRQV  
,QꢀWKLVꢀPDQXDOꢈꢀDꢀKRVWꢀGHYLFHꢀUHIHUVꢀWRꢀDꢀSHUVRQDOꢀFRPSXWHUꢀRUꢀ  
ZRUNVWDWLRQꢇ  
%UDFNHWꢀWH[WꢀW\SHIDFH  
7KHꢀ>%UDFNHWꢀ7H[W@ꢀW\SHIDFHꢀLVꢀXVHGꢀWRꢀHPSKDVL]HꢀWKHꢀVHOHFWLRQꢀRIꢀDꢀ  
IHDWXUHꢀPRGHꢀRUꢀEXWWRQꢇꢀ)RUꢀH[DPSOHꢁ  
6HOHFWꢀ>,PDJHꢀ4XDOLW\@ꢇ  
6HOHFWꢀ>6DYH@ꢇ  
,WDOLFꢀW\SHIDFH  
7KHꢀ,WDOLFꢀW\SHIDFHꢀLVꢀXVHGꢀWRꢀHPSKDVL]HꢀDꢀZRUGꢀRUꢀSKUDVHꢇꢀ,QꢀDGGLWLRQꢈꢀ  
UHIHUHQFHVꢀWRꢀRWKHUꢀFKDSWHUVꢀDQGꢀSXEOLFDWLRQVꢀDUHꢀGLVSOD\HGꢀLQꢀ,WDOLFꢀ  
W\SHIDFHꢇꢀ)RUꢀH[DPSOHꢁ  
$OZD\VꢀIROORZꢀVDIHW\ꢀSURFHGXUHVꢀZKHQꢀRSHUDWLQJꢀWKHꢀHTXLSPHQWꢇ  
5HIHUꢀWRꢀ³0DLQWHQDQFH´ꢀRQꢀSDJHꢀꢁꢁꢂꢁꢈꢀIRUꢀLQIRUPDWLRQꢀDERXWꢀFOHDQLQJꢀ  
WKHꢀ'RFXPHQWꢀ*ODVVꢇ  
)RUꢀPRUHꢀLQIRUPDWLRQꢀDERXWꢀWKHꢀQHWZRUNꢀRSWLRQVꢀDYDLODEOHꢈꢀUHIHUꢀWRꢀWKHꢀ  
6\VWHPꢀ$GPLQLVWUDWRUꢀ*XLGHꢇ  
1RWHV  
1RWHVꢀDUHꢀVWDWHPHQWVꢀWKDWꢀSURYLGHꢀDGGLWLRQDOꢀLQIRUPDWLRQꢇꢀ)RUꢀH[DPSOHꢁ  
127(ꢉꢀ,IꢀWKHꢀ;HUR[ꢀ:RUN&HQWUHꢀ3URꢀꢋꢅꢊꢒꢋꢅꢐꢀGRHVꢀQRWꢀLQFOXGHꢀWKHꢀ  
)LQLVKHUꢀDQGꢒRUꢀ+LJKꢀ&DSDFLW\ꢀ)HHGHUꢈꢀLJQRUHꢀWKHꢀILUVWꢀVWHSꢇ  
+LQWV  
+LQWVꢀKHOSꢀXVHUVꢀSHUIRUPꢀDꢀWDVNꢇꢀ)RUꢀH[DPSOHꢁ  
+,17ꢀꢁ6HOHFWꢀWKHꢀ;ꢀꢃꢀ<ꢀGLVSOD\ꢀDUHDVꢀWRꢀGLVSOD\ꢀDꢀSRSꢀXSꢀNH\SDGꢀZKLFKꢀ  
FDQꢀEHꢀXVHGꢀWRꢀHQWHUꢀDQGꢀVDYHꢀWKHꢀYDOXHVꢄ  
&DXWLRQV  
&DXWLRQVꢀDUHꢀVWDWHPHQWVꢀWKDWꢀVXJJHVWꢀPHFKDQLFDOꢀGDPDJHꢀDVꢀDꢀUHVXOWꢀ  
RIꢀDQꢀDFWLRQꢇꢀ)RUꢀH[DPSOHꢁ  
&$87,21ꢉꢀ:KHQꢀFOHDQLQJꢀWKHꢀ;HUR[ꢀ:RUN&HQWUHꢀ3URꢀꢅꢃꢄꢊꢅꢃꢋꢌꢀGRꢀ  
QRWꢀXVHꢀRUJDQLFꢀVROYHQWVꢀRUꢀDHURVROꢀFOHDQHUVꢍ  
:DUQLQJV  
:DUQLQJVꢀDUHꢀVWDWHPHQWVꢀWKDWꢀDOHUWꢀXVHUVꢀWRꢀWKHꢀSRVVLELOLW\ꢀRIꢀSHUVRQDOꢀ  
GDPDJHꢇꢀ)RUꢀH[DPSOHꢁ  
:$51,1*ꢉꢀ7KLVꢀHTXLSPHQWꢀPXVWꢀEHꢀFRQQHFWHGꢀWRꢀDQꢀHDUWKHGꢀ  
PDLQVꢀVRFNHWꢀRXWOHWꢍ  
             
ꢂ %HIRUHꢀ8VLQJꢀWKHꢀ6FDQQHU  
7KHꢀIROORZLQJꢀLQIRUPDWLRQꢀFDQꢀEHꢀIRXQGꢀLQꢀWKLVꢀFKDSWHUꢁ  
2YHUYLHZ  
5HTXLUHGꢀ(QYLURQPHQW  
3UHSDULQJꢀWRꢀXVHꢀWKHꢀ0DLOER[ꢀ)HDWXUH  
3UHSDULQJꢀWRꢀXVHꢀ&HQWUH:DUHꢀ6FDQQLQJꢀ6HUYLFH  
,QVWDOOLQJꢀWKHꢀ1HWZRUNꢀ6FDQQLQJꢀ8WLOLW\  
 
2YHUYLHZ  
7KHꢀ:RUN&HQWUHꢀ3URꢀ1HWZRUNꢀ6FDQQHUꢀSURYLGHVꢀWKHꢀIROORZLQJꢀIHDWXUHVꢁ  
7KHꢀVFDQꢀIHDWXUHꢀE\ꢀXVLQJꢀWKHꢀPDLOER[ꢀLQꢀWKHꢀPDFKLQH  
7KHꢀVFDQꢀIHDWXUHꢀE\ꢀXVLQJꢀWKHꢀ&HQWUH:DUHꢀ6FDQQLQJꢀ6HUYLFHVꢀ  
ꢌRSWLRQDOꢍ  
7KHꢀIROORZLQJꢀLVꢀWKHꢀVXPPDU\ꢀRIꢀHDFKꢀVFDQꢀIHDWXUHꢁ  
6FDQQLQJꢀZLWKꢀWKHꢀ0DLOER[  
<RXꢀFDQꢀVWRUHꢀDꢀGRFXPHQWꢀLQꢀWKHꢀPDLOER[ꢀE\ꢀVFDQQLQJꢀWKHꢀGRFXPHQWꢀRQꢀ  
WKHꢀPDFKLQHꢇ  
7KHꢀVWRUHGꢀGDWDꢀFDQꢀEHꢀLPSRUWHGꢀWRꢀWKHꢀSHUVRQDOꢀFRPSXWHUꢀꢌFOLHQWꢍꢀ  
FRQQHFWHGꢀWRꢀDꢀQHWZRUNꢇ  
%HVLGHVꢀVFDQQHGꢀGRFXPHQWVꢈꢀ\RXꢀFDQꢀDOVRꢀLPSRUWꢀGDWDꢀUHFHLYHGꢀIURPꢀ  
RWKHUꢀIDFVLPLOHꢀWRꢀ\RXUꢀPDLOER[ꢀRIꢀWKHꢀ:RUN&HQWUHꢀ3URꢇ  
6HHꢀWKHꢀ8VHUꢀ*XLGHꢀꢁ)DFVLPLOHꢂꢀIRUꢀGHWDLOVꢀRIꢀWKHꢀPDLOER[ꢀIHDWXUHꢇ  
6FDQ  
6HQGꢀ  
'DWD  
)DFLPLOH  
:RUN&HQWUHꢀ  
3UR  
1HWZRUN  
3HUVRQDOꢀ&RPSXWHU  
     
&HQWUH:DUHꢀ6FDQQLQJꢀ6HUYLFHVꢀ  
<RXꢀFDQꢀVFDQꢀDꢀGRFXPHQWꢀE\ꢀVSHFLI\LQJꢀDꢀWHPSODWHꢀILOHꢈꢀZKLFKꢀLVꢀFDOOHGꢀ  
Dꢀ-REꢀ7HPSODWHꢇ  
7KHꢀVFDQQHGꢀGDWDꢀZLOOꢀEHꢀVWRUHGꢀRQꢀWKHꢀKDUGꢀGLVNꢀRIꢀWKHꢀPDFKLQHꢀDQGꢀ  
WKHꢀGDWDꢀZLOOꢀEHꢀDXWRPDWLFDOO\ꢀWUDQVPLWWHGꢀWRꢀWKHꢀSHUVRQDOꢀFRPSXWHUꢀ  
ꢌVHUYHUꢍꢀFRQQHFWHGꢀWRꢀDꢀQHWZRUNꢇ  
7KHꢀRSWLRQDOꢀ&HQWUH:DUHꢀ6FDQQLQJꢀ6HUYLFHVꢀLVꢀUHTXLUHGꢀLQꢀRUGHUꢀWRꢀ  
FUHDWHꢀWKHꢀ-REꢀ7HPSODWHꢀRUꢀWRꢀVHWXSꢀDꢀUHSRVLWRU\ꢀORFDWLRQꢀIRUꢀWKHꢀ  
WUDQVPLWWHGꢀGDWDꢇ  
127(ꢁꢀ7KLVꢀJXLGHꢀGHVFULEHVꢀRQO\ꢀWKHꢀSURFHGXUHꢀIRUꢀWKHꢀPDFKLQHꢀZKHQꢀ  
XVLQJꢀ&HQWUH:DUHꢀ6FDQQLQJꢀ6HUYLFHVꢇꢀ)RUꢀLQIRUPDWLRQꢀUHJDUGLQJꢀWKHꢀ  
SURFHGXUHꢀIRUꢀWKHꢀSHUVRQDOꢀFRPSXWHUꢈꢀUHIHUꢀWRꢀWKHꢀ&HQWUH:DUHꢀ  
6FDQQLQJꢀ6HUYLFHVꢀ8VHUꢀ*XLGHꢇꢀ  
,WꢀLVꢀQHFHVVDU\ꢀWRꢀLQVWDOOꢀWKHꢀRSWLRQDOꢀSULQWHUꢀ+''ꢀNLWꢀLQꢀRUGHUꢀWRꢀXVHꢀ  
&HQWUH:DUHꢀ6FDQQLQJꢀ6HUYLFHVꢇ  
6FDQ  
:RUN&HQWUHꢀ  
3UR  
$XWRPDWLFꢀWUDQVPLVVLRQꢀꢌ)73ꢍ  
1HWZRUN  
 
5HTXLUHGꢀ(QYLURQPHQW  
7KLVꢀVHFWLRQꢀGHVFULEHVꢀWKHꢀUHTXLUHGꢀHQYLURQPHQWꢀLQꢀRUGHUꢀWRꢀXVHꢀWKHꢀ  
VFDQꢀIHDWXUHꢀꢌPDLOER[ꢀIHDWXUHꢍꢇ  
:RUN&HQWUHꢀ3UR  
7KHꢀIROORZLQJꢀRSWLRQVꢀDUHꢀQHHGHGꢀIRUꢀWKHꢀPDFKLQHꢁ  
)D[ꢀXQLWꢀꢌIRUꢀPRGHOVꢀQRWꢀLQVWDOOHGꢀZLWKꢀWKHꢀID[ꢀIHDWXUHꢍ  
3ULQWHUꢀ+''ꢀNLWꢀꢌZKHQꢀXVLQJꢀ&HQWUH:DUHꢀ6FDQQLQJꢀ6HUYLFHVꢀRQO\ꢍ  
ꢏꢋ0%ꢀ6'5$0ꢀꢌZKHQꢀXVLQJꢀ&HQWUH:DUHꢀ6FDQQLQJꢀ6HUYLFHVꢀRQO\ꢍ  
3HUVRQDOꢀ&RPSXWHUꢀꢆ&OLHQWꢇ  
7KHꢀSHUVRQDOꢀFRPSXWHUꢀDVꢀDꢀFOLHQWꢀPXVWꢀEHꢀLQVWDOOHGꢀZLWKꢀHLWKHUꢀRQHꢀRIꢀ  
WKHꢀIROORZLQJꢀRSHUDWLRQꢀV\VWHPVꢁ  
0LFURVRIW ꢀ:LQGRZV ꢀꢑꢎꢒ:LQGRZV ꢀꢑꢐꢒ:LQGRZV ꢀ0HꢀRSHUDWLQJꢀ  
V\VWHP  
0LFURVRIW ꢀ:LQGRZVꢀ17 ꢀRSHUDWLQJꢀV\VWHPꢀ9HUVLRQꢀꢋꢇꢆꢒ:LQGRZV ꢀ  
ꢅꢆꢆꢆꢀRSHUDWLQJꢀV\VWHP  
127(ꢉꢀ:LQGRZVꢀ17ꢀꢋꢇꢆꢀ6HUYHUꢀ76(ꢀꢌ7HUPLQDOꢀ6HUYHUꢀ(GLWLRQꢍꢀDQGꢀ  
:LQGRZVꢀꢅꢆꢆꢆꢀ6HUYHUꢒ$GYDQFHGꢀ6HUYHUꢀ7HUPLQDOꢀ6HUYLFHꢀDUHꢀQRWꢀ  
FRPSDWLEOHꢀZLWKꢀWKLVꢀIHDWXUHꢇꢀ  
3HUVRQDOꢀ&RPSXWHUꢀꢆ6HUYHUꢇ  
:KHQꢀXVLQJꢀWKHꢀ&HQWUH:DUHꢀ6FDQQLQJꢀ6HUYLFHVꢈꢀWKHꢀSHUVRQDOꢀ  
FRPSXWHUꢀDVꢀDꢀVHUYHUꢀPXVWꢀEHꢀLQVWDOOHGꢀZLWKꢀWKHꢀIROORZLQJꢀRSHUDWLRQꢀ  
V\VWHPꢁ  
0LFURVRIW ꢀꢀ:LQGRZVꢀ17 ꢀRSHUDWLQJꢀV\VWHPꢀYHUVLRQꢀꢋꢇꢆ  
0LFURVRIW ꢀꢀ:LQGRZV ꢀꢅꢆꢆꢆꢀRSHUDWLQJꢀV\VWHP  
1HWZRUN  
7KHꢀPDFKLQHꢀDQGꢀSHUVRQDOꢀFRPSXWHUꢀVKRXOGꢀEHꢀFRQQHFWHGꢀZLWKꢀDꢀ  
QHWZRUNꢀDQGꢀEHꢀDEOHꢀWRꢀFRPPXQLFDWHꢀZLWKꢀWKHꢀ7&3ꢒ,3ꢀSURWRFROꢇ  
         
3UHSDULQJꢀWRꢀXVHꢀWKHꢀ0DLOER[ꢀ)HDWXUH  
7KHꢀIROORZLQJꢀSUHSDUDWLRQꢀLVꢀQHFHVVDU\ꢀWRꢀVFDQꢀDꢀGRFXPHQWꢀXVLQJꢀWKHꢀ  
PDLOER[ꢁ  
'HILQHꢀ,3ꢀDGGUHVVꢇ  
(QDEOHꢀ6DOXWDWLRQꢇ  
5HJLVWHUꢀWKHꢀPDLOER[ꢇ  
7KHꢀSURFHGXUHꢀIRUꢀVHWWLQJꢀXSꢀLVꢀDVꢀIROORZVꢁ  
'HILQLQJꢀWKHꢀ,3ꢀ$GGUHVV  
7KLVꢀVHFWLRQꢀH[SODLQVꢀKRZꢀWRꢀVHWꢀXSꢀDQꢀ,3ꢀDGGUHVVꢇꢀ'HSHQGLQJꢀRQꢀWKHꢀ  
QHWZRUNꢀHQYLURQPHQWꢈꢀ\RXꢀPD\ꢀQHHGꢀWRꢀVHWꢀXSꢀWKHꢀVXEQHWꢀPDVNꢀDQGꢀ  
JDWHZD\ꢀDGGUHVVꢇꢀ,Iꢀ\RXUꢀQHWZRUNꢀKDVꢀDꢀ'\QDPLFꢀ+RVWꢀ&RQILJXUDWLRQꢀ  
3URWRFROꢀꢌ'+&3ꢍꢈꢀ%2273ꢀRUꢀ5$53ꢀHQYLURQPHQWꢈꢀWKHꢀSULQWHUꢀFDQꢀREWDLQꢀ  
WKHVHꢀLWHPVꢀDXWRPDWLFDOO\ꢀIURPꢀHDFKꢀRIꢀWKHꢀVHUYHUꢇꢀ%\ꢀGHIDXOWꢈꢀWKHVHꢀ  
LWHPVꢀDUHꢀREWDLQHGꢀDXWRPDWLFDOO\ꢀIURPꢀWKHꢀ'+&3ꢀVHUYHUꢇ  
127(ꢉꢀ8VHꢀWKHꢀ'+&3ꢀVHUYHUꢀWRJHWKHUꢀZLWKꢀWKHꢀ:LQGRZVꢀ,QWHUQHWꢀ  
1DPHꢀ6HUYLFHꢀꢌ:,16ꢍꢀVHUYHUꢀDWꢀWKHꢀVDPHꢀWLPHꢇꢀ:KHQꢀXVLQJꢀWKHꢀ:,16ꢀ  
VHUYHUꢈꢀDGMXVWꢀWKHꢀVHWWLQJVꢀLIꢀQHFHVVDU\ꢈꢀE\ꢀVHOHFWLQJꢀWKHꢀIROORZLQJꢀRQꢀ  
WKHꢀSULQWHUꢀFRQWUROꢀSDQHOꢁꢀ1HWZRUNꢒ3RUWꢈꢀIROORZHGꢀE\ꢀ:,16ꢀ6HUYHUꢈꢀDQGꢀ  
WKHQꢀWKHꢀYDULRXVꢀLWHPVꢇ  
:KHQꢀXVLQJꢀWKHꢀ%2273ꢀRUꢀ5$53ꢀVHUYHUꢈꢀVHOHFWꢀWKHꢀIROORZLQJꢀRQꢀWKHꢀ  
SULQWHUꢀFRQWUROꢀSDQHOꢁꢀ1HWZRUNꢒ3RUWꢈꢀIROORZHGꢀE\ꢀ7&3ꢒ,3ꢀ6HWWLQJVꢈꢀ*HWꢀ  
,3ꢀ$GGUHVVꢈꢀDQGꢀWKHQꢀ%2273ꢀRUꢀ5$53ꢀ&KHFNꢀZLWKꢀ\RXUꢀV\VWHPꢀ  
DGPLQLVWUDWRUꢀLIꢀ\RXꢀKDYHꢀDQ\ꢀTXHULHVꢀRQꢀWKHꢀ%2273ꢀRUꢀ5$53ꢀ  
HQYLURQPHQWꢇ  
,QꢀDGGLWLRQꢈꢀ\RXꢀFDQꢀXVHꢀWKHꢀTXLFNꢀVHWXSꢀPHQXꢀWRꢀFRQILJXUHꢀWKHꢀ,3ꢀ  
DGGUHVVꢀDQGꢀ6DOXWDWLRQꢀDORQJꢀZLWKꢀWKHꢀSULQWHUꢀHQYLURQPHQWꢀVHWWLQJꢇꢀꢀ  
6HHꢀWKHꢀ8VHUꢀ*XLGHꢀꢅ3ULQWHUꢆꢀWRꢀFKHFNꢀWKHꢀ'+&3ꢀVHUYHUꢀDQGꢀXVHꢀWKHꢀ  
TXLFNꢀVHWXSꢀPHQXꢇ  
       
6HWWLQJꢀWKHꢀ,3ꢀ$GGUHVV  
7KLVꢀVHFWLRQꢀH[SODLQVꢀWKHꢀSURFHGXUHꢀIRUꢀVHWWLQJꢀXSꢀWKHꢀ,3ꢀDGGUHVVꢀ  
PDQXDOO\ꢀE\ꢀXVLQJꢀWKHꢀSULQWHUꢀFRQWUROꢀSDQHOꢇꢀ'HSHQGLQJꢀRQꢀWKHꢀQHWZRUNꢀ  
HQYLURQPHQWꢀ\RXꢀDUHꢀXVLQJꢈꢀ\RXꢀPD\ꢀQHHGꢀWRꢀVHWꢀXSꢀWKHꢀVXEQHWꢀPDVNꢀ  
DQGꢀJDWHZD\ꢀDGGUHVVꢇꢀ6HWꢀWKHꢀQHFHVVDU\ꢀLWHPVꢀDIWHUꢀFKHFNLQJꢀZLWKꢀWKHꢀ  
QHWZRUNꢀDGPLQLVWUDWRUꢇ  
127(ꢌꢀ<RXꢀGRꢀQRWꢀQHHGꢀWRꢀGHILQHꢀWKHꢀ,3ꢀDGGUHVVꢀLIꢀLWꢀDOUHDG\ꢀH[LVWVꢇꢀ  
ꢌ7KHꢀVFUHHQꢀWRꢀGHILQHꢀWKHꢀ,3ꢀDGGUHVVꢀZLOOꢀQRWꢀEHꢀGLVSOD\HGꢀLQꢀWKHꢀ  
IROORZLQJꢀFDVHꢇꢍ  
ꢄꢇ :LWKꢀ³5HDG\ꢀWRꢀSULQWꢀRUꢀID[´ꢀGLVSOD\HGꢈꢀSUHVVꢀWKHꢀ0HQXꢀEXWWRQꢇ  
4XLFNꢀ6HWXS  
5HSRUWꢀ/LVW  
6\VWHPꢀ6HWWLQJ  
1HWZRUNꢄ3RUW  
3DUDOOHO  
/3'  
1HWZDUH  
60%  
,33  
86%  
3RUWꢀꢑꢄꢆꢆ  
(WKHU7DON  
6DOXWDWLRQ  
)73ꢀ&OLHQW  
6103  
,QWHUQHWꢀ6HUYLFH  
7&3ꢄ,3ꢀ6HWWLQJV  
*HWꢀ,3ꢀ$GGUHVV  
,3ꢀ$GGUHVV  
'+&3  
%2273  
5$53  
0DQXDOO\  
ꢍꢍꢍꢇꢍꢍꢍꢇꢍꢍꢍꢇꢍꢍꢍ  
ꢅꢇ 6HWꢀ³*HWꢀ,3ꢀ$GGUHVV´ꢀWRꢀ0DQXDOO\ꢇ  
ꢊꢇ (QWHUꢀWKHꢀ,3ꢀ$GGUHVVꢇꢀ  
8VHꢀWKHꢀOHIWꢀDQꢀULJKWꢀDUURZVꢀWRꢀPRYHꢀEHWZHHQꢀWKHꢀQXPEHUVꢇꢀ  
8VHꢀXSꢀDQGꢀGRZQꢀDUURZVꢀWRꢀLQFUHPHQWꢀRUꢀGHFUHPHQWꢀWKHꢀYDOXHꢇꢀ,Iꢀ  
\RXꢀNHHSꢀ\RXUꢀILQJHUꢀRQꢀDꢀEXWWRQꢈꢀWKHꢀQXPEHUꢀZLOOꢀFKDQJHꢀ  
DXWRPDWLFDOO\ꢇ  
ꢋꢇ 3UHVVꢀWKHꢀ0HQXꢀEXWWRQꢀWRꢀDFFHSWꢀWKHꢀFKDQJHVꢀDQGꢀUHꢉLQLWLDOL]HꢀWKHꢀ  
SULQWHUꢇ  
 
6HWWLQJꢀ6XEQHWꢀ0DVNꢀDQGꢀ*DWHZD\ꢀ$GGUHVV  
ꢄꢇ :LWKꢀ³5HDG\ꢀWRꢀSULQWꢀRUꢀID[´ꢀGLVSOD\HGꢈꢀSUHVVꢀWKHꢀ0HQXꢀEXWWRQꢇ  
4XLFNꢀ6HWXS  
5HSRUWꢀ/LVW  
6\VWHPꢀ6HWWLQJ  
1HWZRUNꢄ3RUW  
3DUDOOHO  
/3'  
1HWZDUH  
60%  
,33  
86%  
3RUWꢀꢑꢄꢆꢆ  
(WKHU7DON  
6DOXWDWLRQ  
)73ꢀ&OLHQW  
6103  
,QWHUQHWꢀ6HUYLFH  
7&3ꢄ,3ꢀ6HWWLQJV  
*HWꢀ,3ꢀ$GGUHVV  
,3ꢀ$GGUHVV  
6XEQHWꢀ0DVN  
*DWHZD\ꢀ$GGUHVV  
ꢍꢍꢍꢇꢍꢍꢍꢇꢍꢍꢍꢇꢍꢍꢍ  
ꢍꢍꢍꢇꢍꢍꢍꢇꢍꢍꢍꢇꢍꢍꢍ  
ꢅꢇ (QWHUꢀWKHꢀ6XEQHWꢀ0DVNꢇꢀ  
8VHꢀWKHꢀOHIWꢀDQꢀULJKWꢀDUURZVꢀWRꢀPRYHꢀEHWZHHQꢀWKHꢀQXPEHUVꢇꢀ  
8VHꢀXSꢀDQGꢀGRZQꢀDUURZVꢀWRꢀLQFUHPHQWꢀRUꢀGHFUHPHQWꢀWKHꢀYDOXHꢇꢀ,Iꢀ  
\RXꢀNHHSꢀ\RXUꢀILQJHUꢀRQꢀDꢀEXWWRQꢈꢀWKHꢀQXPEHUꢀZLOOꢀFKDQJHꢀ  
DXWRPDWLFDOO\ꢇ  
ꢊꢇ (QWHUꢀWKHꢀ*DWHZD\ꢀ$GGUHVVꢇꢀ  
8VHꢀWKHꢀOHIWꢀDQꢀULJKWꢀDUURZVꢀWRꢀPRYHꢀEHWZHHQꢀWKHꢀQXPEHUVꢇꢀ  
8VHꢀXSꢀDQGꢀGRZQꢀDUURZVꢀWRꢀLQFUHPHQWꢀRUꢀGHFUHPHQWꢀWKHꢀYDOXHꢇꢀ,Iꢀ  
\RXꢀNHHSꢀ\RXUꢀILQJHUꢀRQꢀDꢀEXWWRQꢈꢀWKHꢀQXPEHUꢀZLOOꢀFKDQJHꢀ  
DXWRPDWLFDOO\ꢇ  
ꢋꢇ 3UHVVꢀWKHꢀ0HQXꢀEXWWRQꢀWRꢀDFFHSWꢀWKHꢀFKDQJHVꢀDQGꢀUHꢉLQLWLDOL]HꢀWKHꢀ  
SULQWHUꢇ  
 
(QDEOLQJꢀWKHꢀ6DOXWDWLRQ  
(QDEOHꢀ6DOXWDWLRQꢀRQꢀWKHꢀSULQWHUꢀFRQWUROꢀSDQHOꢇ  
127(ꢁꢀ5$0ꢀIRUꢀWKHꢀSULQWHUꢀLVꢀQRWꢀLQVWDOOHGꢈꢀ6DOXWDWLRQꢀ  
FDQQRWꢀEHꢀHQDEOHGꢀGXHꢀWRꢀLQVXIILFLHQWꢀPHPRU\ꢇꢀ,IꢀWKLVꢀ  
KDSSHQVꢈꢀGLVDEOHꢀSRUWVꢀWKDWꢀ\RXꢀDUHꢀQRWꢀXVLQJꢇꢀ,IꢀWKHꢀ  
6DOXWDWLRQꢀVWLOOꢀFDQQRWꢀEHꢀHQDEOHGꢈꢀ\RXꢀDUHꢀWKHQꢀ  
UHFRPPHQGHGꢀWRꢀLQVWDOOꢀWKHꢀꢏꢋ0%ꢀ6'5$0ꢀIRUꢀWKHꢀ  
SULQWHUꢇꢀ3OHDVHꢀUHIHUꢀWRꢀ\RXUꢀ8VHUꢀ*XLGHꢀꢌ3ULQWHUꢍꢇ  
     
&UHDWLQJꢀDꢀ0DLOER[  
8VHꢀWKHꢀFRSLHUꢀFRQWUROꢀSDQHOꢀWRꢀFUHDWHꢀDꢀPDLOER[ꢀWRꢀVWRUHꢀWKHꢀVFDQQHGꢀ  
GRFXPHQWꢇ  
127(ꢁꢀ<RXꢀFDQꢀFUHDWHꢀXSꢀWRꢀꢅꢆꢆꢀPDLOER[HVꢇ  
3URFHGXUH  
ꢄꢇ 6HOHFWꢀ6HWXSꢀ0HQXꢀRQꢀWKHꢀ0HQXꢀVFUHHQꢇ  
127(ꢁꢀ,IꢀWKHꢀIROORZLQJꢀVFUHHQꢀꢀLVꢀQRWꢀGLVSOD\HGꢈꢀSUHVVꢀ)HDWXUHꢀ  
6HOHFWLRQꢀWRꢀGLVSOD\ꢀWKHꢀVFUHHQꢇ  
ꢅꢇ 6HOHFWꢀ0DLOER[ꢇ  
ꢊꢇ 6HOHFWꢀDQꢀXQXVHGꢀPDLOER[ꢀQXPEHUꢀGLUHFWO\ꢀRUꢀXVHꢀWKHꢀs RUꢀt  
EXWWRQꢇ  
ꢋꢇ 6HOHFWꢀ(QWHUꢂ&KDQJHꢇ  
       
ꢎꢇ (QWHUꢀDꢀꢋꢉGLJLWꢀSDVVZRUGꢀE\ꢀXVLQJꢀWKHꢀNH\SDGꢈꢀDQGꢀVHOHFWꢀ&RQILUPꢀ  
3DVVZRUGꢇ  
127(ꢁꢀ7KHꢀSDVVZRUGꢀPXVWꢀEHꢀXQLTXHꢇ  
:KHQꢀQRWꢀVHWWLQJꢀWKHꢀSDVVZRUGꢈꢀGRꢀQRWꢀHQWHUꢀDQ\ꢀSDVVZRUGꢀDQGꢀWKHQꢀ  
VHOHFWꢀ&RQILUPꢀ3DVVZRUGꢇ  
6HOHFWꢀ'HOHWHꢀ0DLOER[ꢀWRꢀGHOHWHꢀDꢀPDLOER[ꢀFUHDWHGꢇ  
6HOHFWꢀ&KDQJHꢀ3DVVZRUGꢀWRꢀFKDQJHꢀWKHꢀSDVVZRUGꢇ  
ꢏꢇ 6HOHFWꢀ(QWHUꢂ&KDQJHꢀ1DPHꢀWRꢀHQWHUꢀWKHꢀQDPHꢀIRUꢀWKHꢀPDLOER[ꢇ  
,Iꢀ\RXꢀGRꢀQRWꢀZLVKꢀWRꢀHQWHUꢀDQ\ꢀQDPHꢈꢀSURFHHGꢀWRꢀ6WHSꢀꢐꢇ  
ꢃꢇ (QWHUꢀWKHꢀQDPHꢀXVLQJꢀWKHꢀNH\ERDUGꢀRQꢀWKHꢀVFUHHQꢈꢀWKHQꢀVHOHFWꢀ  
6DYHꢇ  
127(ꢁꢀ<RXꢀFDQꢀHQWHUꢀXSꢀWRꢀꢄꢆꢀFKDUDFWHUVꢀIRUꢀWKHꢀPDLOER[ꢀQDPHꢇ  
6HHꢀWKHꢀ8VHUꢀ*XLGHꢀꢁ)DFVLPLOHꢂꢀIRUꢀHQWHULQJꢀWH[Wꢇ  
ꢐꢇ 6HOHFWꢀ&KHFNꢀ3DVVZRUGꢀWRꢀFKHFNꢀWKHꢀSDVVZRUGꢇ  
ꢑꢇ 6HOHFWꢀWKHꢀVHWWLQJVꢀIRUꢀ&KHFNꢀ3DVVZRUGꢀDQGꢀWKHQꢀVHOHFWꢀ6DYHꢇ  
ꢄꢆꢇ 6HOHFWꢀ'HOHWHꢂ6DYHꢀ'RFXPHQWVꢀWRꢀFRQILJXUHꢀWKHꢀVHWWLQJVꢀIRUꢀ  
UHWULHYLQJꢀWKHGRFXPHQWVꢇꢀ  
ꢄꢄꢇ 6HOHFWꢀZKHWKHUꢀWRꢀVDYHꢀRUꢀGHOHWHꢀWKHꢀGRFXPHQWꢀDIWHUꢀUHWULHYLQJꢀDQGꢀ  
WKHQꢀVHOHFW6DYHꢇꢀ  
ꢄꢅꢇ 6HOHFWꢀ&OHDUꢀ$OOꢀRQꢀWKHꢀFRQWUROꢀSDQHOꢇ  
3UHSDULQJꢀWRꢀXVHꢀ&HQWUH:DUHꢀ6FDQQLQJꢀ6HUYLFHV  
7KHꢀIROORZLQJꢀSUHSDUDWLRQꢀLVꢀQHFHVVDU\ꢀWRꢀVFDQꢀDꢀGRFXPHQWꢀE\ꢀXVLQJꢀ  
&HQWUH:DUHꢀ6FDQQLQJꢀ6HUYLFHVꢁ  
(QDEOHꢀWUDQVSRUWꢀSURWRFROꢀꢌ8'3ꢍ  
(QDEOHꢀ)73ꢀ&OLHQW  
7KHꢀSURFHGXUHꢀIRUꢀVHWWLQJꢀXSꢀLVꢀDVꢀIROORZVꢁ  
127(ꢉꢀ:KHQꢀWKHꢀVHWWLQJꢀIRUꢀWKHꢀPDFKLQHꢀLVꢀFRPSOHWHGꢈꢀLQVWDOOꢀWKHꢀ  
&HQWUH:DUHꢀ6FDQQLQJꢀ6HUYLFHVꢀE\ꢀUHIHUULQJꢀWRꢀWKHꢀ&HQWUH:DUHꢀ  
6FDQQLQJꢀ6HUYLFHVꢀ8VHUꢀ*XLGHꢇ  
(QDEOLQJꢀWKHꢀ7UDQVSRUWꢀ3URWRFROꢀꢆ8'3ꢇ  
7RꢀGHILQHꢀWKHꢀMREꢀWHPSODWHꢀVHUYHUꢀXVLQJꢀWKHꢀ6FDQꢀ$GPLQꢀ:L]DUGꢀRIꢀWKHꢀ  
&HQWUH:DUHꢀ6FDQQLQJꢀ6HUYLFHVꢈꢀHQDEOHꢀWKHꢀWUDQVSRUWꢀSURWRFROꢀꢌ8'3ꢍꢀ  
RQꢀWKHꢀSULQWHUꢀFRQWUROꢀSDQHOꢀRIꢀWKHꢀPDFKLQHꢇ  
)ROORZꢀWKHꢀSURFHGXUHꢀEHORZꢀWRꢀHQDEOHꢀWKHꢀWUDQVSRUWꢀSURWRFROꢀꢌ8'3ꢍꢇ  
         
(QDEOLQJꢀWKHꢀ)73ꢀ&OLHQW  
7RꢀLPSRUWꢀWKHꢀMREꢀWHPSODWHꢀIURPꢀDꢀVHUYHUꢈꢀRUꢀWRꢀWUDQVPLWꢀWKHꢀVFDQQHGꢀ  
GDWDꢀWRꢀDꢀVHUYHUꢈꢀLWꢀLVꢀQHFHVVDU\ꢀWRꢀHQDEOHꢀWKHꢀ)73ꢀ&OLHQWꢀRQꢀWKHꢀSULQWHUꢀ  
FRQWUROꢀSDQHOꢀRIꢀWKHꢀPDFKLQHꢇ  
)ROORZꢀWKHꢀSURFHGXUHꢀEHORZꢀWRꢀHQDEOHꢀWKHꢀ)73ꢀFOLHQWꢀDQGꢀGHILQHꢀWKHꢀ,3ꢀ  
DGGUHVVꢇ  
     
,QVWDOOLQJꢀWKHꢀ1HWZRUNꢀ6FDQQHUꢀ8WLOLW\  
1HWZRUNꢀ6FDQQHUꢀ8WLOLW\ꢀLVꢀWKHꢀVRIWZDUHꢀZKLFKꢀDOORZVꢀ\RXꢀWRꢀDFFHVVꢀ  
VWRUHGꢀGDWDꢀLQꢀWKHꢀPDLOER[ꢀIURPꢀDꢀSHUVRQDOꢀFRPSXWHUꢇꢀ7KLVꢀVHFWLRQꢀ  
GHVFULEHVꢀWKHꢀLQVWDOODWLRQꢀDQGꢀXQLQVWDOODWLRQꢀRIꢀWKHꢀQHWZRUNꢀVFDQQHUꢀ  
XWLOLW\ꢀXVLQJꢀWKHꢀ3&/ꢀ'ULYHUꢒ1HWZRUNꢀ8WLOLW\ꢀꢌ:LQGRZV ) &'ꢉ520ꢇ  
127(ꢉꢀ5HIHUꢀWRꢀWKHꢀ&HQWUH:DUHꢀ6FDQQLQJꢀ6HUYLFHVꢀ8VHUꢀ*XLGHꢀIRUꢀ  
LQVWDOOLQJꢀWKHꢀ&HQWUH:DUHꢀ6FDQQLQJꢀ6HUYLFHVꢇ  
5HTXLUHGꢀ(QYLURQPHQW  
7RꢀLQVWDOOꢀWKHꢀ1HWZRUNꢀ6FDQQHUꢀXWLOLW\ꢈꢀDꢀSHUVRQDOꢀFRPSXWHUꢀPXVWꢀPHHWꢀ  
DOOꢀWKHꢀIROORZLQJꢀUHTXLUHPHQWVꢁ  
7DUJHWꢀ2SHUDWLQJꢀ6\VWHP  
7KHꢀIROORZLQJꢀRSHUDWLQJꢀV\VWHPVꢀDUHꢀFRPSDWLEOHꢀZLWKꢀWKHꢀXWLOLW\ꢁ  
0LFURVRIW ꢀ:LQGRZV ꢀꢑꢎꢒ:LQGRZV ꢀꢑꢐꢒ:LQGRZV ꢀ0HꢀRSHUDWLQJꢀ  
V\VWHP  
0LFURVRIW ꢀ:LQGRZVꢀ17 ꢀRSHUDWLQJꢀV\VWHPꢀ9HUVLRQꢀꢋꢇꢆꢒ:LQGRZV ꢀ  
ꢅꢆꢆꢆꢀRSHUDWLQJꢀV\VWHP  
127(ꢉꢀ:LQGRZVꢀ17ꢀꢋꢇꢆꢀ6HUYHUꢀ76(ꢀꢌ7HUPLQDOꢀ6HUYHUꢀ(GLWLRQꢍꢀDQGꢀ  
:LQGRZVꢀꢅꢆꢆꢆꢀ6HUYHUꢒ$GYDQFHGꢀ6HUYHUꢀ7HUPLQDOꢀ6HUYLFHꢀDUHꢀQRWꢀ  
FRPSDWLEOHꢀZLWKꢀWKLVꢀIHDWXUHꢇꢀ  
3HUVRQDOꢀ&RPSXWHU  
7KHꢀWDUJHWꢀFRPSXWHUꢀPXVWꢀPHHWꢀDOOꢀRIꢀWKHꢀIROORZLQJꢀUHTXLUHPHQWVꢁ  
5XQQLQJꢀLꢋꢐꢏ';ꢋꢒꢄꢆꢆꢀ0+]ꢀSURFHFHVVRUꢀRUꢀDERYHꢀꢌ3HQWLXPꢀꢄꢆꢆꢀ  
0+]ꢀRUꢀDERYHꢀLVꢀUHFRPPHQGHGꢍ  
ꢊꢅꢀ0E\WHꢀPHPRU\ꢀRUꢀPRUH  
ꢋꢆꢀ0E\WHꢀRUꢀPRUHꢀRIꢀIUHHꢀKDUGꢀGLVNꢀVSDFHꢀꢌQRWꢀLQFOXGLQJꢀWKHꢀVSDFHꢀ  
IRUꢀVWRULQJꢀVFDQQHGꢀGDWDꢍ  
1HWZRUN  
$ꢀSHUVRQDOꢀFRPSXWHUꢀKDVꢀWRꢀEHꢀFRQQHFWHGꢀWRꢀDꢀQHWZRUNꢀDQGꢀEHꢀDEOHꢀWRꢀ  
FRPPXQLFDWHꢀZLWKꢀWKHꢀ7&3ꢒ,3ꢀSURWRFROꢇ  
6HHꢀWKHꢀ0DQXDOVꢀRIꢀWKHꢀUHVSHFWLYHꢀ26ꢀWRꢀFRQILUPꢀDQGꢀDGGꢀSURWRFROꢀ  
VHWWLQJVꢀRQꢀWKHꢀFRPSXWHUꢇ  
7DUJHWꢀ$SSOLFDWLRQꢀ6RIWZDUH  
7RꢀLPSRUWꢀWKHꢀGDWDꢀVWRUHGꢀLQꢀWKHꢀPDLOER[ꢀWRꢀDQꢀDSSOLFDWLRQꢀVRIWZDUHꢈꢀWKHꢀ  
VRIWZDUHꢀPXVWꢀEHꢀFRPSDWLEOHꢀZLWKꢀWKHꢀ7:$,1ꢀLQWHUIDFHꢇ  
6HHꢀ³$SSHQGL[ꢀ%ꢀ&RPSDWLEOHꢀ6RIWZDUH´ꢀIRUꢀWKHꢀDSSOLFDWLRQVꢀWKDWꢀKDYHꢀ  
EHHQꢀYHULILHGꢀWRꢀEHꢀFRPSDWLEOHꢀZLWKꢀWKHꢀPDFKLQHꢇ  
             
,QVWDOODWLRQ  
7KHꢀ1HWZRUNꢀ6FDQQHUꢀ8WLOLW\ꢀLQFOXGHVꢀWKHꢀIROORZLQJꢀVRIWZDUHꢁ  
1HWZRUNꢀ6FDQQHUꢀ'ULYHU  
6FDQꢀGULYHUꢀWRꢀLPSRUWꢀWKHꢀGDWDꢀVWRUHGꢀLQꢀWKHꢀPDLOER[ꢀRIꢀWKHꢀPDFKLQHꢀ  
WRꢀWKHꢀVRIWZDUHꢀFRPSDWLEOHꢀZLWKꢀ7:$,1ꢇ  
0DLOER[ꢀ9LHZHU  
6RIWZDUHꢀWRꢀFKHFNꢈꢀLPSRUWꢀRUꢀGHOHWHꢀWKHꢀGDWDꢀVWRUHGꢀLQꢀWKHꢀPDLOER[ꢀ  
RIꢀWKHꢀPDFKLQHꢇ  
<RXꢀFDQꢀLQVWDOOꢀERWKꢀVRIWZDUHVꢀDWꢀDꢀWLPHꢀIROORZLQJꢀWKHꢀLQVWDOODWLRQꢀ  
SURFHGXUHꢀEHORZꢁ  
3URFHGXUH  
ꢄꢇ &OLFNꢀ6WDUWꢀDQGꢀ5XQꢇꢀ  
7KHꢀ5XQꢀGLDORJꢀER[ꢀZLOOꢀEHꢀGLVSOD\HGꢁ  
ꢅꢇ ,QVHUWꢀWKHꢀ3&/ꢀ'ULYHUꢒ1HWZRUNꢀ8WLOLW\ꢀ&'ꢉ520ꢀLQWRꢀWKHꢀ&'ꢉ520ꢀ  
GULYHꢇ  
ꢊꢇ 7\SHꢀWKHꢀGULYHꢀQDPHꢀꢌHꢇJꢇꢀ(ꢁꢍꢀDQGꢀWKHꢀSDWKꢀQDPHꢀ  
ꢌ?(QJOLVK?8WLOLW\?:LQꢑ[B0H?6&1?'LVNꢄ?6HWXSꢈꢀ  
?(QJOLVK?8WLOLW\?17ꢋꢆ?6&1?'LVNꢄ?6HWXSꢀRUꢀ  
?(QJOLVK?8WLOLW\?:LQꢅꢆꢆꢆ?6&1?'LVNꢄ?6HWXSꢍꢈꢀWKHQꢀFOLFNꢀ2$ꢇꢀ7KHꢀ  
GULYHꢀQDPHꢀPD\ꢀEHꢀGLIIHUHQWꢀGHSHQGLQJꢀRQꢀ\RXUꢀV\VWHPꢀꢌSHUVRQDOꢀ  
FRPSXWHUꢍꢇ  
     
ꢋꢇ &OLFNꢀ1H[WꢀDQGꢀFRQWLQXHꢀZLWKꢀWKHꢀLQVWDOODWLRQꢇ  
ꢎꢇ )ROORZꢀWKHꢀLQVWUXFWLRQVꢀRQꢀWKHꢀVFUHHQꢇ  
ꢏꢇ :KHQꢀWKHꢀLQVWDOODWLRQꢀLVꢀFRPSOHWHGꢈꢀWKHꢀIROORZLQJꢀGLDORJꢀER[ꢀ  
DSSHDUVꢇꢀ&OLFNꢀM<HVꢈꢀ,ꢀZDQWꢀWRꢀUHVWDUWꢀP\ꢀFRPSXWHUꢀQRZꢇMꢈꢀWKHQꢀ  
)LQLVKꢇ  
7KHꢀLQVWDOODWLRQꢀLVꢀFRPSOHWHGꢀDQGꢀWKHꢀ:LQGRZVꢀUHVWDUWVꢀ  
DXWRPDWLFDOO\ꢇ  
8QLQVWDOODWLRQ  
7KLVꢀVHFWLRQꢀGHVFULEHVꢀWKHꢀSURFHGXUHꢀWRꢀUHPRYHꢀWKHꢀ1HWZRUNꢀ6FDQQHUꢀ  
8WLOLW\ꢀLQVWDOOHGꢀLQꢀ0LFURVRIWꢀ:LQGRZVꢇ  
127(ꢁꢀ:KHQꢀXSJUDGLQJꢀWKHꢀQHWZRUNꢀVFDQQHUꢀXWLOLW\ꢈꢀPDNHꢀVXUHꢀ\RXꢀ  
XQLQVWDOOꢀWKHꢀH[LVWLQJꢀQHWZRUNꢀVFDQQHUꢀXWLOLW\ꢇ  
3URFHGXUH  
ꢄꢇ 'RXEOHꢉFOLFNꢀ0\ꢀ&RPSXWHUꢈꢀ&RQWUROꢀ3DQHOꢈꢀWKHQꢀ$GGꢂ5HPRYHꢀ  
3URJUDPVꢇ  
ꢅꢇ &OLFNꢀ;HUR[ꢀ1HWZRUNꢀ6FDQQHUꢀ8WLOLW\ꢈꢀWKHQꢀ$GGꢂ5HPRYHꢇ  
ꢊꢇ &OLFNꢀ<HVꢇ  
7KHꢀXQLQVWDOODWLRQꢀLVꢀFRPSOHWHGꢇ  
     
ꢃ 2SHUDWLQJꢀWKHꢀ6FDQQHU  
7KHꢀIROORZLQJꢀLQIRUPDWLRQꢀFDQꢀEHꢀIRXQGꢀLQꢀWKLVꢀFKDSWHUꢁ  
6FDQQLQJꢀ'RFXPHQWV  
6SHFLI\LQJꢀ9DULRXVꢀ)HDWXUHV  
3ULQWLQJꢒ'HOHWLQJꢀ6WRUHGꢀ'RFXPHQWV  
&XVWRPꢀ3UHVHWVꢀIRUꢀ6FDQQLQJꢀ)HDWXUHV  
 
6FDQQLQJꢀ'RFXPHQWV  
7KLVꢀVHFWLRQꢀGHVFULEHVꢀKRZꢀWRꢀVFDQꢀGRFXPHQWVꢀDQGꢀVWRUHꢀWKHꢀVFDQQHGꢀ  
GRFXPHQWꢀLQWRꢀWKHꢀPDLOER[ꢇ  
7KHUHꢀDUHꢀWZRꢀPHWKRGVꢀIRUꢀVFDQQLQJꢀGRFXPHQWVꢇ  
6WRUHꢀWKHꢀVFDQQHGꢀGDWDꢀLQWRꢀWKHꢀPDLOER[ꢇ  
6SHFLI\ꢀWKHꢀMREꢀWHPSODWHꢀDQGꢀVFDQꢀWKHꢀGDWDꢈꢀWKHQꢀWUDQVPLWꢀWRꢀVHUYHUꢇ  
ꢌZKHQꢀXVLQJꢀWKHꢀ&HQWUH:DUHꢀ6FDQQLQJꢀ6HUYLFHVꢍ  
5HIHUꢀWRꢀWKHꢀFRUUHVSRQGLQJꢀVWHSVꢀDFFRUGLQJꢀWRꢀ\RXUꢀVHOHFWLRQꢇ  
6FDQꢎWRꢎ0DLOER[  
7KHꢀEDVLFꢀSURFHGXUHꢀWRꢀVFDQꢀGRFXPHQWVꢀDQGꢀVWRUHꢀWKHPꢀLQꢀDꢀPDLOER[ꢀLVꢀ  
DVꢀIROORZVꢁ  
3URFHGXUH  
ꢄꢇ /RDGꢀGRFXPHQWVꢇ  
ꢅꢇ 6HOHFWꢀ6FDQꢀRQꢀWKHꢀ0HQXꢀVFUHHQꢇ  
127(ꢉꢀ,IꢀWKHꢀ0HQXꢀVFUHHQꢀLVꢀQRWꢀGLVSOD\HGꢈꢀSUHVVꢀ)HDWXUHꢀ6HOHFWLRQꢀ  
RQꢀWKHꢀFRQWUROꢀSDQHOꢀDꢀIHZꢀWLPHVꢇ  
6HHꢀ³(QDEOLQJꢀWKHꢀ6DOXWDWLRQ´ꢀRQꢀSDJHꢀꢃꢄꢆꢀWRꢀFKHFNꢀWKHꢀVHWWLQJVꢀLIꢀWKHꢀ  
6FDQꢀEXWWRQꢀLVꢀQRWꢀGLVSOD\HGꢇ  
     
ꢊꢇ 6HOHFWꢀ0DLOER[ꢇꢀ  
6HHꢀ³&UHDWLQJꢀDꢀ0DLOER[´ꢀRQꢀSDJHꢀꢇꢂꢈꢀWRꢀFUHDWHꢀDꢀQHZꢀPDLOER[ꢇ  
6HHꢀ³(QDEOLQJꢀWKHꢀ6DOXWDWLRQ´ꢀRQꢀSDJHꢀꢇꢂꢉꢀWRꢀFKHFNꢀWKHꢀVHWWLQJVꢀLIꢀ  
WKHꢀ0DLOER[ꢀEXWWRQꢀLVꢀQRWꢀGLVSOD\HGꢇ  
ꢋꢇ (QWHUꢀWKHꢀQXPEHUꢀRIꢀWKHꢀPDLOER[ꢀWRꢀVWRUHꢀWKHꢀGRFXPHQWꢀXVLQJꢀWKHꢀ  
NH\SDGꢈꢀꢀWKHQꢀVHOHFWꢀ1H[Wꢇ  
ꢎꢇ (QWHUꢀWKHꢀSDVVZRUGꢀXVLQJꢀWKHꢀNH\SDGꢈꢀWKHQꢀVHOHFWꢀ6DYHꢇ  
127(ꢁꢀ7KHꢀSDVVZRUGꢀZLOOꢀEHꢀGLVSOD\HGꢀDVꢀ³ꢓꢓꢓꢓ´ꢇ  
ꢏꢇ 6HOHFWꢀRWKHUꢀIHDWXUHVꢀDVꢀUHTXLUHGꢇꢀ  
GHWDLOVꢀRIꢀVFDQQLQJꢀIHDWXUHVꢇ  
ꢃꢇ 3UHVVꢀ6WDUWꢇ  
7KHꢀVFDQQLQJꢀVWDUWVꢈꢀDQGꢀWKHꢀVFDQQHGꢀGRFXPHQWꢀLVꢀVWRUHGꢀLQꢀWKHꢀ  
0DLOER[ꢇ  
6FDQꢃWRꢃ6HUYHUꢀꢄ8VLQJꢀ-REꢀ7HPSODWHꢅ  
7KLVꢀVHFWLRQꢀGHVFULEHVꢀKRZꢀWRꢀVFDQꢀGRFXPHQWVꢀXVLQJꢀ&HQWUH:DUHꢀ  
6FDQQLQJꢀ6HUYLFHVꢀꢌRSWLRQDOꢍꢇ  
<RXꢀFDQꢀVFDQꢀDꢀGRFXPHQWꢀE\ꢀWKHꢀILOHꢀꢌMREꢀWHPSODWHꢍꢀIRUꢀZKLFKꢀWKHꢀ  
VFDQQLQJꢀIHDWXUHVꢀDQGꢀUHTXLUHGꢀVHUYHUꢀDUHꢀSUHꢉVHWꢇ  
7KHꢀVFDQQHGꢀGDWDꢀLVꢀFRQYHUWHGꢀWRꢀ7,))ꢀIRUPDWꢈꢀDQGꢀLVꢀWUDQVPLWWHGꢀWRꢀWKHꢀ  
UHTXLUHGꢀVHUYHUꢇ  
<RXꢀVKRXOGꢀFUHDWHꢀWKHꢀMREꢀWHPSODWHꢀRQꢀ\RXUꢀSHUVRQDOꢀFRPSXWHUꢀXVLQJꢀ  
WKHꢀ-REꢀ7HPSODWHꢀ8WLOLW\ꢀRIꢀ&HQWUH:DUHꢀ6FDQQLQJꢀ6HUYLFHVꢈꢀWKHQꢀVWRUHꢀ  
LWꢀLQꢀDꢀVHUYHUꢇ  
7KHꢀPDFKLQHꢀZLOOꢀDXWRPDWLFDOO\ꢀUHWULHYHꢀWKHꢀVWRUHGꢀMREꢀWHPSODWHꢀIURPꢀWKHꢀ  
VHUYHUꢇ  
6HHꢀ&HQWUH:DUHꢀ6FDQQLQJꢀ6HUYLFHVꢀ8VHUꢀ*XLGHꢀIRUꢀWKHꢀGHWDLOVꢀRIꢀ  
&HQWUH:DUHꢀ6FDQQLQJꢀ6HUYLFHVꢇ  
3URFHGXUH  
ꢄꢇ /RDGꢀGRFXPHQWVꢇ  
ꢅꢇ 6HOHFWꢀ6FDQꢀRQꢀWKHꢀ0HQXꢀVFUHHQꢇ  
127(ꢁꢀ,IꢀWKHꢀ0HQXꢀVFUHHQꢀLVꢀQRWꢀGLVSOD\HGꢈꢀSUHVVꢀ)HDWXUHꢀ6HOHFWLRQꢀ  
RQꢀWKHꢀFRSLHUꢀFRQWUROꢀSDQHOꢀDꢀIHZꢀWLPHVꢇ  
LIꢀWKHꢀ6FDQꢀEXWWRQꢀLVꢀQRWꢀGLVSOD\HGꢇ  
   
ꢊꢇ 6HOHFWꢀ-REꢀ7HPSODWHꢇ  
LIꢀWKHꢀ-REꢀ7HPSODWHꢀEXWWRQꢀLVꢀQRWꢀGLVSOD\HGꢇ  
127(ꢁꢀ,IꢀWKHꢀ6DOXWDWLRQꢀLVꢀUXQQLQJꢈꢀWKHꢀGLVSOD\ꢀGLIIHUVꢀIURPꢀWKHꢀILJXUHꢀ  
DVꢀVKRZQꢀRQꢀWKHꢀULJKWꢇ  
ꢋꢇ 6HOHFWꢀWKHꢀUHTXLUHGꢀMREꢀWHPSODWHꢀGLUHFWO\ꢇꢀ,IꢀWKHꢀMREꢀWHPSODWHꢀWKDWꢀ\RXꢀ  
FUHDWHGꢀLVꢀQRWꢀGLVSOD\HGꢈꢀVHOHFWꢀ8SGDWHꢀ7HPSODWHꢇ  
127(ꢁꢀ:KHQꢀWKHꢀ7HPSODWHꢀ'HVFULSWLRQꢀEXWWRQꢀLVꢀVHOHFWHGꢀGXULQJꢀ  
VHOHFWLRQꢀRIꢀDQ\ꢀMREꢀWHPSODWHꢈꢀGHWDLOHGꢀGHVFULSWLRQꢀLVꢀGLVSOD\HGꢇꢀ  
+RZHYHUꢈꢀLIꢀ\RXꢀKDYHꢀQRWꢀDGGHGꢀDQ\ꢀGHVFULSWLRQꢀZKHQꢀWKHꢀMREꢀWHPSODWHꢀ  
ZDVꢀILUVWꢀFUHDWHGꢈꢀWKHUHꢀZLOOꢀEHꢀQRꢀGLVSOD\ꢇ  
:KHQꢀWKHꢀ5HYLHZꢀEXWWRQꢀRQꢀWKHꢀFRQWUROꢀSDQHOꢀLVꢀSUHVVHGꢀGXULQJꢀ  
VHOHFWLRQꢀRIꢀDQ\ꢀMREꢀWHPSODWHꢈꢀ\RXꢀFDQꢀFKHFNꢀWKHꢀFRQWHQWVꢀRIꢀWKHꢀ  
VHWWLQJVꢀIRUꢀHDFKꢀMREꢀWHPSODWHꢇ  
ꢎꢇ 3UHVVꢀ6WDUWꢇ  
7KHꢀVFDQQLQJꢀVWDUWVꢀDQGꢀWKHꢀGDWDꢀLVꢀVWRUHGꢀLQꢀWKHꢀKDUGꢀGLVNꢈꢀZKLFKꢀ  
LVꢀWKHQꢀDXWRPDWLFDOO\ꢀWUDQVPLWWHGꢀWRꢀWKHꢀVHUYHUꢇ  
127(ꢁꢀ7KHꢀ6\VWHPꢀ$GPLQLVWUDWRUꢀVHWVꢀXSꢀWHPSODWHVꢇ  
6SHFLI\LQJꢀ9DULRXVꢀ)HDWXUHVꢀꢆ0DLOER[ꢇ  
7KLVꢀVHFWLRQꢀGHVFULEHVꢀWKHꢀVHWWLQJꢀRIꢀYDULRXVꢀVFDQQLQJꢀIHDWXUHVꢀDWꢀWKHꢀ  
PDFKLQHꢇ  
7KHꢀDYDLODEOHꢀVFDQꢀIHDWXUHVꢀDUHꢀDVꢀIROORZVꢁ  
6FDQꢀ5HVROXWLRQ  
2ULJLQDOꢀ7\SH  
/LJKWHUꢒ'DUNHUꢀꢌGHQVLW\ꢀOHYHOꢍ  
6FDQꢀ6L]H  
5HGXFHꢒ(QODUJHꢀꢌVFDQꢀUDWLRꢍ  
0L[HGꢀ6L]Hꢀ2ULJLQDOV  
ꢅꢉ6LGHGꢀ2ULJLQDOV  
6HOHFWꢀWKHꢀUHTXLUHGꢀVFDQQLQJꢀIHDWXUHVꢀIROORZLQJꢀWKHꢀSURFHGXUHꢀEHORZꢇ  
6HOHFWLQJꢀWKHꢀ6FDQꢀ5HVROXWLRQꢀ/HYHO  
<RXꢀFDQꢀVHOHFWꢀWKHꢀUHVROXWLRQꢀOHYHOꢀIRUꢀGRFXPHQWVꢀWRꢀEHꢀVFDQQHGꢇ  
7KHꢀUHVROXWLRQꢀOHYHOVꢀDUHꢀꢅꢆꢆꢀGSLꢀꢌIDFWRU\ꢉGHIDXOWꢍꢈꢀꢊꢆꢆꢀGSLꢈꢀꢋꢆꢆꢀGSLꢀDQGꢀ  
ꢏꢆꢆꢀGSLꢇ  
3URFHGXUH  
ꢄꢇ 'LVSOD\ꢀWKHꢀ%DVLFꢀ)HDWXUHVꢀVFUHHQꢀDQGꢀVHOHFWꢀWKHꢀUHTXLUHGꢀ  
UHVROXWLRQꢇ  
127(ꢉꢀ<RXꢀFDQꢀDOVRꢀVHOHFWꢀ6FDQꢀ5HVROXWLRQꢀRQꢀWKHꢀ)HDWXUHVꢀ0HQXꢀ  
VFUHHQꢇ  
,Iꢀ\RXꢀZDQWꢀWRꢀVHOHFWꢀꢋꢆꢆꢀGSLꢀRUꢀꢏꢆꢆꢀGSLꢈꢀVHOHFWꢀ2WKHUꢇ  
ꢅꢇ $IWHUꢀVHOHFWLQJꢀWKHꢀUHVROXWLRQꢈꢀVHOHFWꢀ&ORVHꢇ  
     
6HOHFWLQJꢀWKHꢀ2ULJLQDOꢀ7\SH  
:KHQꢀVFDQQLQJꢀDꢀGRFXPHQWꢀZKLFKꢀLQFOXGHVꢀSKRWRꢀLPDJHVꢀRUꢀWH[Wꢈꢀ\RXꢀ  
FDQꢀVHOHFWꢀWKHꢀRULJLQDOꢀW\SHꢀLQꢀRUGHUꢀWRꢀREWDLQꢀRSWLPXPꢀUHVXOWVꢇ  
3URFHGXUH  
ꢄꢇ 'LVSOD\ꢀWKHꢀ%DVLFꢀ)HDWXUHVꢀVFUHHQꢀDQGꢀVHOHFWꢀWKHꢀUHTXLUHGꢀRULJLQDOꢀ  
W\SHꢇ  
127(ꢁꢀ<RXꢀFDQꢀDOVRꢀVHOHFWꢀ2ULJLQDOꢀ7\SHꢀRQꢀWKHꢀ)HDWXUHVꢀ0HQXꢀ  
VFUHHQꢇ  
6HOHFWLQJꢀWKHꢀ'HQVLW\ꢀ/HYHO  
<RXꢀFDQꢀDGMXVWꢀWKHꢀGHQVLW\ꢀOHYHOꢀIRUꢀWKHꢀGRFXPHQWVꢀWRꢀEHꢀVFDQQHGꢇ  
7KHꢀPDFKLQHꢀSURYLGHVꢀILYHꢀOHYHOVꢀRIꢀGHQVLW\ꢇ  
3URFHGXUH  
ꢄꢇ 'LVSOD\ꢀWKHꢀ%DVLFꢀ)HDWXUHVꢀVFUHHQꢀDQGꢀVHOHFWꢀWKHꢀUHTXLUHGꢀGHQVLW\ꢀ  
XVLQJꢀWKHꢀWꢀRUꢀVEXWWRQꢇ  
127(ꢁꢀ<RXꢀFDQꢀDOVRꢀVHOHFWꢀ/LJKWHUꢂ'DUNHUꢀRQꢀWKHꢀ)HDWXUHVꢀ0HQXꢀ  
VFUHHQꢇ  
       
6HOHFWLQJꢀWKHꢀ6FDQꢀ6L]H  
<RXꢀFDQꢀVHOHFWꢀWKHꢀVFDQꢀVL]HꢀIRUꢀWKHꢀGRFXPHQWꢇꢀ7KLVꢀIHDWXUHꢀLVꢀXVHGꢀIRUꢀ  
VFDQQLQJꢀWKHꢀVL]Hꢀ\RXꢀVSHFLILHGꢀLQVWHDGꢀRIꢀWKHꢀDFWXDOꢀVL]HꢀRIꢀWKHꢀ  
GRFXPHQWꢇ  
7KHꢀVFDQꢀVL]HVꢀDUHꢁꢀ$XWRꢀꢌIDFWRU\ꢉGHIDXOWꢍꢈꢀ%ꢎ ꢈꢀ%ꢋ ꢈꢀ$ꢎ ꢈꢀ$ꢋ ꢈꢀ  
$ꢋ ꢈꢀRUꢀ$ꢊ  
127(ꢁꢀ:KHQꢀWKHꢀ'XSOH[ꢀ$XWRPDWLFꢀ'RFXPHQWꢀ)HHGHUꢀꢌ'$')ꢍꢀLVꢀ  
XVHGꢈꢀLIꢀWKHꢀRULJLQDOꢀVL]HꢀLVꢀVPDOOHUꢀWKDQꢀWKHꢀVFDQQLQJꢀVL]HꢈꢀWKHꢀPDFKLQHꢀ  
VFDQVꢀWKHꢀGRFXPHQWꢀXVLQJꢀWKHꢀRULJLQDOꢀVL]Hꢇ  
3URFHGXUH  
ꢄꢇ 6HOHFWꢀ6FDQꢀ6L]HꢀRQꢀWKHꢀ)HDWXUHVꢀ0HQXꢀVFUHHQꢇ  
ꢅꢇ 6HOHFWꢀWKHꢀUHTXLUHGꢀVFDQꢀVL]HꢈꢀWKHQꢀVHOHFWꢀ&ORVHꢇ  
   
6HOHFWLQJꢀ6FDQQLQJꢀ5DWLR  
<RXꢀFDQꢀUHGXFHꢀRUꢀHQODUJHꢀWKHꢀLPDJHꢀRIꢀGRFXPHQWꢀZKHQꢀVFDQQLQJꢇꢀ  
<RXꢀFDQꢀVHOHFWꢀDꢀUDWLRꢀIURPꢀꢎꢆOꢀWRꢀꢋꢆꢆOꢇ  
127(ꢁꢀ5HGXFHꢂ(QODUJHꢀLVꢀVHWꢀWRꢀꢄꢆꢆOꢀDWꢀIDFWRU\ꢉGHIDXOWꢇ  
3URFHGXUH  
ꢄꢇ 6HOHFWꢀ5HGXFHꢂ(QODUJHꢀRQꢀWKHꢀ)HDWXUHVꢀ0HQXꢀVFUHHQꢇ  
ꢅꢇ 6HOHFWꢀWKHꢀUHTXLUHGꢀUDWLRꢀXVLQJꢀWKHꢀLꢀRUꢀLꢀEXWWRQꢈꢀWKHQꢀVHOHFWꢀ  
&ORVHꢇ  
   
6FDQQLQJꢀ0L[HGꢀ6L]Hꢀ2ULJLQDOV  
<RXꢀFDQꢀVFDQꢀGRFXPHQWVꢀRIꢀGLIIHUHQWꢀVL]HVꢀDWꢀRQHꢀWLPHꢀXVLQJꢀWKHꢀ'$')ꢇ  
,Iꢀ\RXꢀGRꢀQRWꢀVHOHFWꢀWKLVꢀIHDWXUHꢈꢀWKHꢀPDFKLQHꢀVFDQVꢀDOOꢀWKHꢀGRFXPHQWVꢀ  
LQꢀWKHꢀVDPHꢀVL]HꢀDVꢀWKHꢀILUVWꢀGRFXPHQWꢀWRꢀEHꢀVFDQQHGꢇ  
/RDGꢀWKHꢀGRFXPHQWVꢀRQꢀWKHꢀGXSOH[ꢀDXWRPDWLFꢀGRFXPHQWꢀIHHGHUꢀ  
ꢌ'$')ꢍꢀWRꢀPDNHꢀXVHꢀRIꢀWKHꢀ0L[HGꢀ6L]Hꢀ2ULJLQDOVꢀIHDWXUHꢇꢀ  
:KHQꢀORDGLQJꢀGRFXPHQWVꢀRIꢀYDULRXVꢀVL]HVꢈꢀORDGꢀWKHꢀODUJHꢀVL]Hꢀ  
GRFXPHQWVꢀDWꢀWKHꢀERWWRPꢀRIꢀWKHꢀ'$')ꢇ  
:KHQꢀXVLQJꢀWKHꢀ0L[HGꢀ6L]Hꢀ2ULJLQDOVꢀIHDWXUHꢈꢀORDGꢀGRFXPHQWVꢀRIꢀ  
VL]HVꢀWKDWꢀFDQꢀEHꢀDXWRPDWLFDOO\ꢀGHWHFWHGꢇ  
:KHQꢀ\RXꢀVSHFLI\ꢀWKHꢀVFDQꢀVL]HꢈꢀWKHꢀGRFXPHQWVꢀDUHꢀVFDQQHGꢀE\ꢀWKHꢀ  
VSHFLILHGꢀVL]Hꢇ  
7KHꢀZHLJKWꢀRIꢀGRFXPHQWVꢀWKDWꢀFDQꢀEHꢀXVHGꢀLQꢀWKHꢀWKHꢀ0L[HGꢀ6L]Hꢀ  
2ULJLQDOVꢀIHDWXUHꢀLVꢀꢎꢆꢀꢉꢀꢄꢅꢆJꢒP ꢇ  
3URFHGXUH  
ꢄꢇ 6HOHFWꢀ0L[HGꢀ6L]Hꢀ2ULJLQDOVꢀRQꢀWKHꢀ)HDWXUHVꢀ0HQXꢀVFUHHQꢇ  
/RDGLQJꢀ'RFXPHQWV  
/RDGꢀDOOꢀWKHꢀGRFXPHQWVꢀRQWRꢀWKHꢀ'$')ꢀDJDLQVWꢀWKHꢀLQQHUꢀGRFXPHQWꢀ  
JXLGHꢇꢀ$GMXVWꢀWKHꢀPRYDEOHꢀGRFXPHQWꢀJXLGHꢀVRꢀWKDWꢀLWꢀWRXFKHVꢀWKHꢀ  
GRFXPHQWꢀRIꢀWKHꢀELJJHVWꢀVL]Hꢇ  
     
6FDQQLQJꢀ7ZRꢃ6LGHGꢀ2ULJLQDOV  
7KHꢀPDFKLQHꢀDXWRPDWLFDOO\ꢀVFDQVꢀWZRꢉVLGHGꢀGRFXPHQWVꢀE\ꢀXVLQJꢀWKHꢀ  
'$')ꢇ  
6HOHFWꢀWKHꢀELQGLQJꢀORFDWLRQꢀWRꢀGHWHUPLQHꢀWKHꢀWRSꢉWRꢉERWWRPꢀRULHQWDWLRQꢀRIꢀ  
WKHꢀLPDJHꢀRQꢀERWKꢀVLGHVꢀRIꢀWKHꢀGRFXPHQWVꢀWRꢀEHꢀVFDQQHGꢇ  
<RXꢀFDQꢀVHOHFWꢀOHIWꢈꢀULJKWꢈꢀWRSꢀRUꢀERWWRPꢇ  
3URFHGXUH  
ꢄꢇ 6HOHFWꢀꢆꢃ6LGHGꢀ2ULJLQDOVꢀRQꢀWKHꢀ)HDWXUHVꢀ0HQXꢀVFUHHQꢇ  
ꢅꢇ 6HOHFWꢀWKHꢀUHTXLUHGꢀELQGLQJꢀORFDWLRQꢈꢀWKHQꢀ&ORVHꢇ  
127(ꢁꢀ7KHꢀELQGLQJꢀORFDWLRQꢀLVꢀVSHFLILHGꢀEDVHGꢀRQꢀWKHꢀORDGLQJꢀ  
RULHQWDWLRQꢀRIꢀWKHꢀGRFXPHQWꢇ  
:KHQꢀ\RXꢀORDGꢀWKHꢀGRFXPHQWꢀSODFLQJꢀLWVꢀWRSꢀDJDLQVWꢀWKHꢀIHHGLQJꢀHGJHꢀ  
RIꢀWKHꢀ'$')ꢀVHOHFWꢀ7RSꢀRUꢀ%RWWRPꢇ  
   
3ULQWLQJꢊ'HOHWLQJꢀ6WRUHGꢀ'RFXPHQWV  
<RXꢀFDQꢀSULQWꢀRUꢀGHOHWHꢀWKHꢀVWRUHGꢀGRFXPHQWVꢀIURPꢀ\RXUꢀPDLOER[ꢀE\ꢀ  
IROORZLQJꢀWKHꢀSURFHGXUHꢀEHORZꢇ  
3URFHGXUH  
ꢄꢇ 6HOHFWꢀ6FDQꢀRQꢀWKHꢀ0HQXꢀVFUHHQꢇ  
127(ꢉꢀ,IꢀWKHꢀVFUHHQꢀRQꢀWKHꢀULJKWꢀLVꢀQRWꢀGLVSOD\HGꢈꢀSUHVVꢀ)HDWXUHꢀ  
6HOHFWLRQꢀWRꢀGLVSOD\ꢀWKHꢀVFUHHQꢇ  
6HHꢀ³(QDEOLQJꢀWKHꢀ6DOXWDWLRQ´ꢀRQꢀSDJHꢀꢇꢂꢉꢀWRꢀFRQILUPꢀWKHꢀVHWWLQJꢀLIꢀ  
WKHꢀ6FDQꢀEXWWRQꢀLVꢀQRWꢀGLVSOD\HGꢇ  
ꢅꢇ 6HOHFWꢀ0DLOER[ꢇ  
6HHꢀ³&UHDWLQJꢀDꢀ0DLOER[´ꢀRQꢀSDJHꢀꢇꢂꢈꢀWRꢀFUHDWHꢀDꢀQHZꢀPDLOER[ꢇ  
6HHꢀ³(QDEOLQJꢀWKHꢀ6DOXWDWLRQ´ꢀRQꢀSDJHꢀꢇꢂꢉꢀWRꢀFRQILUPꢀWKHꢀVHWWLQJꢀLIꢀ  
WKHꢀ0DLOER[ꢀEXWWRQꢀLVꢀQRWꢀGLVSOD\HGꢇ  
ꢊꢇ (QWHUꢀWKHꢀPDLOER[ꢀQXPEHUꢀXVLQJꢀWKHꢀNH\SDGꢇ  
   
ꢋꢇ 6HOHFWꢀ1H[Wꢇ  
ꢎꢇ (QWHUꢀWKHꢀSDVVZRUGꢀXVLQJꢀWKHꢀNH\SDGꢈꢀWKHQꢀVHOHFWꢀ6DYHꢇꢀ  
127(ꢁꢀ7KHꢀSDVVZRUGꢀZLOOꢀEHꢀGLVSOD\HGꢀDVꢀ³ꢓꢓꢓꢓ´ꢇ  
(QWHULQJꢀDꢀSDVVZRUGꢀPD\ꢀQRWꢀEHꢀQHHGHGꢀGHSHQGLQJꢀRQꢀWKHꢀVHWWLQJꢀRIꢀ  
3DVVZRUGꢇ  
ꢏꢇ 6HOHFWꢀ0DLOER[ꢀꢃꢀ3ULQWꢂ'HOHWHꢇ  
ꢃꢇ ,Iꢀ\RXꢀZDQWꢀWRꢀVSHFLI\ꢀWKHꢀGRFXPHQWꢀWRꢀEHꢀSULQWHGꢀRUꢀGHOHWHGꢈꢀVHOHFWꢀ  
6HOHFWꢀ'RFXPHQWꢀ1Rꢇꢀ,Iꢀ\RXꢀZDQWꢀWRꢀSULQWꢀRUꢀGHOHWHꢀDOOꢀWKHꢀ  
GRFXPHQWVꢈꢀVHOHFWꢀ$OOꢀ'RFXPHQWVꢇ  
6HHꢀ8VHUꢀ*XLGHꢀꢅ)DFVLPLOHꢆꢀIRUꢀWKHꢀSULQWLQJꢀRIꢀWKHꢀ6WRUHGꢀ'RFXPHQWꢀ  
/LVWꢀZKLFKꢀDOORZVꢀ\RXꢀWRꢀFRQILUPꢀWKHꢀGRFXPHQWꢀQXPEHUꢇ  
:KHQꢀVHOHFWLQJꢀ6HOHFWꢀ'RFXPHQWꢀ1RꢄꢈꢀHQWHUꢀWKHꢀꢋꢉGLJLWꢀGRFXPHQWꢀ  
QXPEHUꢀXVLQJꢀWKHꢀNH\SDGꢇ  
ꢐꢇ 6HOHFWꢀ3ULQWꢀDQGꢀSUHVVꢀWKHꢀ6WDUWꢀEXWWRQꢀLIꢀ\RXꢀZDQWꢀWRꢀSULQWꢀWKHꢀ  
VWRUHGꢀGRFXPHQWꢇꢀ6HOHFWꢀ'HOHWHꢀLIꢀ\RXꢀZDQWꢀWRꢀGHOHWHꢀWKHꢀVWRUHGꢀ  
GRFXPHQWꢇ  
ꢑꢇ :KHQꢀ'HOHWHꢀLVꢀVHOHFWHGꢈꢀDꢀFRQILUPDWLRQꢀPHVVDJHꢀZLOOꢀEHꢀ  
GLVSOD\HGꢇꢀ6HOHFWꢀ<HVꢇꢀ  
&XVWRPꢀ3UHVHWVꢀIRUꢀ6FDQQLQJꢀ)HDWXUHV  
8VLQJꢀWKHꢀ&XVWRPꢀ3UHVHWVꢀIHDWXUHꢈꢀ\RXꢀFDQꢀFKDQJHꢀWKHꢀIDFWRU\ꢉGHIDXOWVꢀ  
RIꢀDꢀIHDWXUHꢀWRꢀRQHꢀIUHTXHQWO\ꢀXVHGꢀVRꢀWKDWꢀ\RXꢀFDQꢀUHGXFHꢀWKHꢀQXPEHUꢀ  
RIꢀVHWWLQJꢀVWHSVꢀIRUꢀVFDQꢀMREVꢇ  
7KHꢀIDFWRU\ꢉGHIDXOWꢀLWHPVꢀWKDWꢀFDQꢀEHꢀFKDQJHGꢀDUHꢀDVꢀIROORZVꢁ  
6FUHHQꢀ'HIDXOWꢀꢆꢅꢍꢀ6FDQꢀ'HIDXOWꢇ  
<RXꢀFDQꢀVHWꢀDꢀGHVLUHGꢀWDEꢀꢌ%DVLFꢀ)HDWXUHVꢈꢀ&XVWRPL]HGꢀ)HDWXUHVꢀRUꢀ  
)HDWXUHVꢀ0HQXꢍꢀRIꢀWKHꢀVFDQꢀVFUHHQꢀWRꢀDSSHDUꢀILUVWꢀRQFHꢀWKHꢀ6FDQꢀEXWWRQꢀ  
LVꢀVHOHFWHGꢇ  
6FDQꢀ6FUHHQ  
<RXꢀFDQꢀVHWꢀWKHꢀGLVSOD\ꢀRQꢀWKHꢀ&XVWRPL]HGꢀ)HDWXUHVꢀVFUHHQꢀE\ꢀ  
DUUDQJLQJꢀWKHꢀSRVLWLRQꢀRIꢀHDFKꢀRIꢀWKHꢀVL[ꢀVHOHFWLRQꢀEXWWRQVꢇ  
6FDQꢀ)HDWXUHV  
<RXꢀFDQꢀVHWꢀWKHꢀIROORZLQJꢀLWHPVꢁ  
6FDQꢀ5HVROXWLRQ  
2ULJLQDOꢀ7\SH  
/LJKWHUꢒ'DUNHU  
)ROORZꢀWKHꢀSURFHGXUHꢀEHORZꢀZKHQꢀQHFHVVDU\ꢇ  
3URFHGXUH  
ꢄꢇ 6HOHFWꢀ&XVWRPꢀ3UHVHWVꢀRQꢀWKHꢀ0HQXꢀVFUHHQꢇ  
127(ꢉꢀ,IꢀWKHꢀVFUHHQꢀRQꢀWKHꢀULJKWꢀLVꢀQRWꢀGLVSOD\HGꢈꢀSUHVVꢀ)HDWXUHꢀ  
6HOHFWLRQꢀRQꢀWKHꢀFRSLHUꢀFRQWUROꢀSDQHOꢇ  
         
ꢅꢇ 6HOHFWꢀWKHꢀUHTXLUHGꢀLWHPꢇ  
)RUꢀH[DPSOHꢈꢀVHOHFWꢀ6FDQꢀ)HDWXUHVꢇ  
ꢊꢇ 6HOHFWꢀWKHꢀUHTXLUHGꢀLWHPꢀE\ꢀWRXFKLQJꢀWKHꢀVFUHHQꢈꢀRUꢀE\ꢀVHOHFWLQJꢀ  
ZLWKꢀWKHꢀLRULL EXWWRQꢇ  
)RUꢀH[DPSOHꢈꢀVHOHFWꢀꢅꢄꢀ6FDQꢀ5HVROXWLRQꢇ  
ꢋꢇ 6HOHFWꢀ(QWHUꢂ&KDQJHꢇ  
ꢎꢇ 6HOHFWꢀWKHꢀUHTXLUHGꢀUHVROXWLRQꢀDQGꢀWKHQꢀ6DYHꢇ  
ꢏꢇ 3UHVVꢀ&OHDUꢀ$OOꢇ  
ꢄ 2SHUDWLQJꢀWKHꢀ&OLHQWꢀꢀ  
ꢅ3HUVRQDOꢀ&RPSXWHUꢆ  
7KHꢀIROORZLQJꢀLQIRUPDWLRQꢀFDQꢀEHꢀIRXQGꢀLQꢀWKLVꢀFKDSWHUꢁ  
8VLQJꢀWKHꢀ1HWZRUNꢀ6FDQQHUꢀ'ULYHU  
8VLQJꢀWKHꢀ0DLOER[ꢀ9LHZHU  
 
8VLQJꢀWKHꢀ1HWZRUNꢀ6FDQQHUꢀ'ULYHU  
8VLQJꢀWKHꢀQHWZRUNꢀVFDQQHUꢀGULYHUꢈꢀ\RXꢀFDQꢀLPSRUWꢀWKHꢀVWRUHGꢀLPDJHꢀIURPꢀ  
WKHꢀPDLOER[ꢀWRꢀDꢀSHUVRQDOꢀFRPSXWHUꢀꢌFOLHQWꢍꢀYLDꢀDꢀQHWZRUNꢇ  
7KLVꢀVHFWLRQꢀH[SODLQVꢀKRZꢀWRꢀXVHꢀWKHꢀQHWZRUNꢀVFDQQHUꢀGULYHUꢇ  
WKHꢀLQVWDOODWLRQꢇ  
,PSRUWLQJꢀWKHꢀ6WRUHGꢀ'RFXPHQWVꢀ  
)ROORZꢀWKHꢀSURFHGXUHꢀWRꢀLPSRUWꢀWKHꢀVWRUHGꢀGRFXPHQWVꢀIURPꢀWKHꢀPDLOER[ꢀ  
WRꢀWKHꢀDSSOLFDWLRQꢀVRIWZDUHꢇꢀ:LQGRZVꢀꢑꢐꢀLVꢀXVHGꢀDVꢀDQꢀH[DPSOHꢀKHUHꢇ  
3URFHGXUH  
ꢄꢇ 6WDUWꢀWKHꢀDSSOLFDWLRQꢀVRIWZDUHꢇ  
127(ꢉꢀ7KHꢀDSSOLFDWLRQꢀVRIWZDUHꢀPXVWꢀEHꢀFRPSDWLEOHꢀZLWKꢀWKHꢀ7:$,1ꢀ  
LQWHUIDFHꢇ  
6HHꢀ³$SSHQGL[ꢀ%ꢀ&RPSDWLEOHꢀ6RIWZDUH´ꢀIRUꢀDSSOLFDWLRQVꢀWKDWꢀKDYHꢀ  
EHHQꢀYHULILHGꢀWRꢀEHꢀFRPSDWLEOHꢀZLWKꢀWKHꢀPDFKLQHꢇ  
ꢅꢇ &OLFNꢀWKHꢀFRPPDQGꢀWRꢀVHOHFWꢀWKHꢀVFDQQHUꢀꢌVRXUFHꢍꢀRQꢀWKHꢀ)LOHꢀ  
PHQXꢇ  
ꢊꢇ &OLFNꢀ;HUR[ꢀ1HWZRUNꢀ6FDQQHUꢀ'ULYHUꢈꢀWKHQꢀ6HOHFWꢇ  
7KHꢀVFUHHQꢀH[DPSOHꢀDVꢀVKRZQꢀRQꢀWKHꢀULJKWꢀLVꢀ3DSHU3RUWꢇꢀ7KHꢀ  
FRPPDQGꢀQDPHꢀIRUꢀVHOHFWLQJꢀWKHꢀVFDQQHUꢀꢌVRXUFHꢍꢀGLIIHUVꢀ  
GHSHQGLQJꢀRQꢀWKHꢀVRIWZDUHꢇ  
     
ꢋꢇ &OLFNꢀWKHꢀFRPPDQGꢀWRꢀLPSRUWꢀWKHꢀVFDQQHGꢀGDWDꢇ  
7KHꢀVFUHHQꢀH[DPSOHꢀDVꢀVKRZQꢀRQꢀWKHꢀULJKWꢀLVꢀ3DSHU3RUWꢇꢀ7KHꢀ  
FRPPDQGꢀQDPHꢀIRUꢀVHOHFWLQJꢀWKHꢀVFDQQHUꢀꢌVRXUFHꢍꢀGLIIHUVꢀ  
GHSHQGLQJꢀRQꢀWKHꢀVRIWZDUHꢇ  
ꢎꢇ &OLFNꢀWKHꢀVFDQQHUꢀQDPHꢀRIꢀWKHꢀ:RUN&HQWUHꢀ3URꢀRQꢀWKHꢀGLDORJꢀER[ꢀ  
DVꢀVKRZQꢀEHORZꢈꢀWKHQꢀ6HOHFWꢀ6FDQQHUꢇ  
127(ꢁꢀ<RXꢀFDQꢀFKDQJHꢀWKHꢀZD\ꢀRIꢀGLVSOD\LQJꢀVFDQQHUꢀQDPHVꢀE\ꢀ  
FOLFNLQJꢀWKHꢀ&KDQJHꢀ'LVSOD\ꢀEXWWRQꢇ  
:KHQꢀWKHꢀ:RUN&HQWUHꢀ3URꢀꢋꢅꢊꢒꢋꢅꢐꢀLVꢀFRQQHFWHGꢀWRꢀWKHꢀVDPHꢀQHWZRUNꢀ  
DVꢀ\RXUꢀFRPSXWHUꢈꢀWKHꢀVFDQQHUꢀQDPHVꢀDUHꢀGLVSOD\HGꢀDXWRPDWLFDOO\ꢇꢀ,Iꢀ  
\RXꢀZDQWꢀWRꢀFKDQJHꢀWRꢀDꢀVFDQQHUꢀLQꢀDQRWKHUꢀQHWZRUNꢈꢀFOLFNꢀ&KDQJHꢀ  
'LVSOD\ꢈꢀWKHQꢀHQWHUꢀWKHꢀ,3ꢀDGGUHVVꢀDQGꢀVFDQQHUꢀQDPHꢀꢌSURGXFWꢀQDPHꢍꢇ  
FKDQJLQJꢀWKHꢀVFDQQHUꢀQDPHꢈꢀRUꢀFRQQHFWLQJꢀWRꢀRWKHUꢀQHWZRUNꢇ  
ꢏꢇ (QWHUꢀWKHꢀPDLOER[ꢀQXPEHUꢀWKDWꢀVWRUHVꢀWKHꢀVFDQQHGꢀGRFXPHQWꢀꢌꢄꢀWRꢀ  
ꢅꢆꢆꢍꢀDQGꢀDꢀꢋꢉGLJLWꢀSDVVZRUGꢀIRUꢀWKHꢀPDLOER[ꢀꢌIRXUꢀGLJLWVꢍꢈꢀWKHQꢀFOLFNꢀ  
2SHQꢀ0DLOER[ꢇ  
127(ꢁꢀ7KHꢀSDVVZRUGꢀZLOOꢀEHꢀGLVSOD\HGꢀDVꢀ³ꢓꢓꢓꢓ´ꢇ  
(QWHULQJꢀDꢀSDVVZRUGꢀPD\ꢀQRWꢀEHꢀQHHGHGꢀGHSHQGLQJꢀRQꢀWKHꢀVHWWLQJꢀRIꢀ  
3DVVZRUGꢇ  
&KHFNꢀ6DYHꢀDꢀ3DVVZRUGꢀWRꢀVNLSꢀWKHꢀSURFHGXUHꢀIURPꢀ6WHSVꢀꢏꢀWRꢀꢃꢀWKHꢀ  
QH[WꢀWLPHꢇ  
ꢃꢇ 6HOHFWꢀWKHꢀILOHꢀWRꢀEHꢀLPSRUWHGꢈꢀWKHQꢀFOLFNꢀ,PSRUWꢇ  
127(ꢁꢀ<RXꢀFDQꢀLPSRUWꢀPRUHꢀWKDQꢀRQHꢀGRFXPHQWꢀDWꢀDꢀWLPHꢇ  
<RXꢀFDQꢀDOVRꢀVHOHFWꢀWKHꢀ,PSRUWꢈꢀ'HOHWHꢈꢀDQGꢀ8SGDWHꢀEXWWRQVꢀRQꢀWKHꢀ  
SRSꢉXSꢀPHQXꢀE\ꢀFOLFNLQJꢀWKHꢀULJKWꢀEXWWRQꢀRIꢀWKHꢀPRXVHꢇ  
&OLFNꢀWKHꢀ+HOSꢀEXWWRQꢀWRꢀGLVSOD\ꢀWKHꢀRQOLQHꢀKHOSꢀIRUꢀWKHꢀH[SODQDWLRQꢀ  
RIꢀQHWZRUNꢀVFDQQHUꢀGULYHUꢀLWHPVꢇ  
ꢐꢇ :KHQꢀWKHꢀ,PSRUWꢀEXWWRQꢀLVꢀSUHVVHGꢈꢀWKHꢀGLDORJꢀER[ꢀDVꢀVKRZQꢀEHORZꢀ  
DSSHDUVꢀDQGꢀWKHꢀGDWDꢀZLOOꢀEHꢀWUDQVIHUUHGꢇ  
ꢑꢇ 7KHꢀGDWDꢀLVꢀLPSRUWHGꢀWRꢀWKHꢀDFWLYDWHGꢀVRIWZDUHꢈꢀDQGꢀWKHꢀGRFXPHQWꢀ  
LQꢀWKHꢀPDLOER[ꢀLVꢀGHOHWHGꢇ  
7KHꢀQHWZRUNꢀVFDQQHUꢀGULYHUꢀH[SDQGVꢀWKHꢀFRPSUHVVHGꢀGDWDꢈꢀDQGꢀ  
LPSRUWVꢀLWꢀWRꢀWKHꢀDSSOLFDWLRQꢀVRIWZDUHꢀLQꢀ%03ꢀIRUPDWꢇ  
&KDQJLQJꢀ'LVSOD\ꢀRIꢀWKHꢀ6FDQQHUꢀ1DPH  
<RXꢀFDQꢀFKDQJHꢀWKHꢀZD\ꢀWRꢀGLVSOD\ꢀWKHꢀVFDQQHUꢀQDPHꢀRQꢀWKHꢀGLDORJꢀ  
ER[ꢇ  
&OLFNꢀ&KDQJHꢀ'LVSOD\ꢀRQꢀWKHꢀVFDQQHUꢀVHOHFWLRQꢀGLDORJꢀER[ꢀWRꢀVSHFLI\ꢀ  
WKHꢀVFDQQHUꢀQDPHꢇꢀ6HOHFWꢀWKHꢀUHTXLUHGꢀVFDQQHUꢀIRUꢀZKLFKꢀWKHꢀQDPHꢀLVꢀ  
WRꢀEHꢀFKDQJHGꢀE\ꢀIROORZLQJꢀWKHꢀSURFHGXUHꢇ  
1HWZRUN  
,Iꢀ\RXꢀVHOHFWꢀ1HWZRUNꢈꢀWKHꢀPDFKLQHꢀZLOOꢀVHDUFKꢀIRUꢀWKHꢀVFDQQHUꢀQDPHꢀLQꢀ  
WKHꢀ+2676ꢀILOHꢀLQꢀ?:,1'2:6?+2676ꢀILOHꢀIRUꢀ:LQGRZVꢀꢑꢎꢒ:LQGRZVꢀ  
ꢑꢐꢒ:LQGRZVꢀ0HꢀDQGꢀLQꢀ?:,117?6<67(0ꢊꢅ?'5,9(56?(7&?+2676ꢀ  
ILOHꢀIRUꢀ:LQGRZVꢀ17ꢀꢋꢇꢆꢒ:LQGRZVꢀꢅꢆꢆꢆꢇ  
,IꢀWKHꢀQHWZRUNꢀVFDQQHUꢀLVꢀQRWꢀUHJLVWHUHGꢀIRUꢀHDFKꢀRIꢀWKHꢀ+2676ꢀILOHꢈꢀWKHꢀ  
QDPHꢀUHJLVWHUHGꢀLQꢀWKHꢀ'16ꢀVHUYHUꢀRQꢀWKHꢀQHWZRUNꢀLVꢀGLVSOD\HGꢇ  
,IꢀWKHꢀQHWZRUNꢀVFDQQHUꢀLVꢀQRWꢀUHJLVWHUHGꢀLQꢀWKHꢀ'16ꢀVHUYHUꢀRUꢀLIꢀWKHꢀ'16ꢀ  
LVꢀQRWꢀLQꢀXVHꢈꢀWKHꢀPRGHOꢀQDPHꢀDQGꢀWKHꢀ,3ꢀDGGUHVVꢀDUHꢀGLVSOD\HGꢇ  
/RFDOꢀ)LOH  
'LVSOD\ꢀWKHꢀVFDQQHUꢀQDPHꢀUHJLVWHUHGꢀLQꢀWKHꢀ+2676ꢀILOHꢀIRUPDWꢀLQꢀWKHꢀ  
VSHFLILHGꢀILOHꢇꢀ'LVSOD\ꢀWKHꢀPRGHOꢀQDPHꢀDQGꢀWKHꢀ,3ꢀDGGUHVVꢀZLOOꢀEHꢀ  
GLVSOD\HGꢀLIꢀWKHꢀQHWZRUNꢀVFDQQHUꢀLVꢀQRWꢀ\HWꢀUHJLVWHUHGꢀLQꢀWKHꢀVSHFLILHGꢀ  
ILOHꢀRUꢀLIꢀWKHUHꢀDUHꢀQRꢀVSHFLILHGꢀILOHVꢇꢀ)RUꢀH[DPSOHꢁ  
ꢄꢊꢇꢅꢅꢆꢇꢄꢃꢅꢇꢃꢎꢀVFDQQHU  
2WKHUꢀ6FDQQHUV  
'LVSOD\ꢀVFDQQHUꢀQDPHVꢀH[LVWLQJꢀLQꢀRWKHUꢀQHWZRUNVꢇꢀ6LQFHꢀVFDQQHUVꢀFDQꢀ  
RQO\ꢀEHꢀLGHQWLILHGꢀDQGꢀGLVSOD\HGꢀDXWRPDWLFDOO\ꢀLQꢀWKHꢀVDPHꢀQHWZRUNꢈꢀ  
HQWHUꢀWKHꢀ,3ꢀDGGUHVVꢀDQGꢀVFDQQHUꢀQDPHꢀKHUHꢀIRUꢀVFDQQHUVꢀLQꢀRWKHUꢀ  
QHWZRUNVꢇꢀ+RZHYHUꢈꢀLIꢀFRPPXQLFDWLRQꢀLVꢀQRWꢀVXFFFHVVIXOꢀZLWKꢀWKHꢀDGGHGꢀ  
VFDQQHUVꢀZKHQꢀXVLQJꢀ7&3ꢒ,3ꢈꢀWKH\ꢀFDQQRWꢀEHꢀXVHGꢇ  
127(ꢁꢀ<RXꢀVKRXOGꢀVHWꢀXSꢀWKHꢀVFDQQHUꢀDQGꢀPDNHꢀVXUHꢀWKDWꢀLWꢀFDQꢀEHꢀ  
XVHGꢀLQꢀ7&3ꢒ,3ꢀHQYLURQPHQWꢀLIꢀWKHꢀVFDQQHUꢀLVꢀDOUHDG\ꢀFRQQHFWHGꢀWRꢀ  
RWKHUꢀQHWZRUNꢇ  
             
3URFHGXUH  
ꢄꢇ 6HOHFWꢀWKHꢀ'LVSOD\ꢀRWKHUꢀQHWZRUNꢀVFDQQHUꢀFKHFNER[ꢇ  
ꢅꢇ &OLFNꢀ$GGꢇ  
ꢊꢇ (QWHUꢀWKHꢀ,3ꢀDGGUHVVꢀRIꢀWKHꢀPDFKLQHꢀWRꢀEHꢀFRQQHFWHGꢀDQGꢀWKHꢀ  
FRUUHVSRQGLQJꢀVFDQQHUꢀQDPHꢈꢀWKHQꢀFOLFNꢀ26ꢇ  
&KDQJLQJꢀ,PSRUWꢀ6HWWLQJV  
<RXꢀFDQꢀFKDQJHꢀWKHꢀGLVSOD\ꢀRIꢀDꢀGRFXPHQWꢀRUꢀLPSRUWLQJꢀPHWKRGꢀZKHQꢀ  
LPSRUWLQJꢀWKHꢀGRFXPHQWꢀIURPꢀWKHꢀPDLOER[ꢇ  
&OLFNꢀ6HWWLQJVꢀWRꢀFKDQJHꢀWKHꢀVHWWLQJꢀRQꢀWKHꢀGLDORJꢀER[ꢇ  
6SHFLI\ꢀWKHꢀUHTXLUHGꢀVHWWLQJꢀE\ꢀIROORZLQJꢀWKHꢀSURFHGXUHꢀEHORZꢇ  
,PSRUWꢀ2UGHU  
6HOHFWꢀWKHꢀRUGHUꢀRIꢀLPSRUWLQJꢀLPDJHꢀILOHVꢇ  
:KHQꢀ1HZꢀ !ꢀ2OGꢀLVꢀVHOHFWHGꢈꢀODWHVWꢀILOHVꢀZLOOꢀEHꢀLPSRUWHGꢀILUVWꢇ  
:KHQꢀ2OGꢀ !ꢀ1HZꢀLVꢀVHOHFWHGꢈꢀWKHꢀVHTXHQFHꢀZLOOꢀEHꢀUHYHUVHGꢇ  
)LOHꢀ/LVWꢀ0RGH  
6HOHFWꢀWKHꢀZD\ꢀRIꢀGLVSOD\LQJꢀILOHVꢇ  
'LVSOD\ꢀWKHꢀWRWDOꢀQXPEHUꢀRIꢀSDJHVꢀIRUꢀHDFKꢀPXOWLSOHꢉSDJHꢀILOHꢇ  
)LOH  
'LVSOD\ꢀVHSDUDWHO\ꢀHDFKꢀSDJHꢀRIꢀWKHꢀPXOWLSOHꢉSDJHꢀILOHꢇꢀ7RꢀEHꢀXVHGꢀIRUꢀ  
LPSRUWLQJꢀUDQGRPꢀSDJHVꢀIURPꢀWKHꢀVRIWZDUHꢀZKLFKꢀFDQQRWꢀLPSRUWꢀPXOWLSOHꢀ  
SDJHVꢇ  
3DJH  
             
1HJDWLYHꢀ,PDJH  
5HYHUVHꢀWKHꢀFRORXUVꢀEHWZHHQꢀEODFNꢀDQGꢀZKLWHꢀDUHDVꢀRIꢀEODFNꢀDQGꢀZKLWHꢀ  
LPDJHVꢇꢀ7RꢀEHꢀXVHGꢀIRUꢀUHYHUVLQJꢀWKHꢀFRORXUVꢀRIꢀLPDJHVꢀLPSRUWHGꢀE\ꢀWKHꢀ  
VRIWZDUHꢇ  
5HYHUVHꢀFRORXUVꢇ  
'RHVꢀQRWꢀUHYHUVHꢀFRORXUVꢇ  
21  
2))  
7HPSRUDU\ꢀ6DYHꢀDV  
6SHFLI\ꢀDꢀGLUHFWRU\ꢀZKLFKꢀLVꢀWHPSRUDULO\ꢀXVHGꢀWRꢀVDYHꢀWKHꢀGRFXPHQWꢀ  
GXULQJꢀLPSRUWLQJꢇꢀ&KRRVHꢀDꢀGULYHꢀZLWKꢀVXIILFLHQWꢀIUHHꢀVSDFHꢇ  
       
8VLQJꢀWKHꢀ0DLOER[ꢀ9LHZHU  
7KHꢀPDLOER[ꢀYLHZHUꢀSURYLGHVꢀWKHꢀIROORZLQJꢀIHDWXUHVꢁ  
&RQILUPLQJꢀWKHꢀGRFXPHQWVꢀVWRUHGꢀLQꢀWKHꢀPDLOER[ꢇ  
'HOHWLQJꢀWKHꢀVWRUHGꢀGRFXPHQWVꢀIURPꢀWKHꢀPDLOER[ꢇ  
$FTXLULQJꢀWKHꢀGRFXPHQWVꢀVWRUHGꢀLQꢀWKHꢀPDLOER[ꢀDWꢀSHULRGLFꢀLQWHUYDOVꢇꢀ  
:KHQꢀWKHꢀQHZꢀGRFXPHQWVꢀDUHꢀVWRUHGꢀLQꢀWKHꢀPDLOER[ꢈꢀWKHꢀSHUVRQDOꢀ  
FRPSXWHUꢀQRWLILHVꢀ\RXꢀE\ꢀDꢀVRXQGꢀRUꢀLFRQꢇ  
,PSRUWLQJꢀWKHꢀQHZꢀGRFXPHQWꢀIURPꢀWKHꢀPDLOER[ꢀDQGꢀVDYLQJꢀLWꢀDVꢀ7,))ꢀ  
IRUPDWꢇ  
7KHꢀIROORZLQJꢀSURFHGXUHꢀH[SODLQVꢀKRZꢀWRꢀXVHꢀWKHꢀPDLOER[ꢀYLHZHUꢁ  
&RQILUPꢊ'HOHWHꢊ,PSRUWꢀ6WRUHGꢀ'RFXPHQWVꢀ  
7KLVꢀVHFWLRQꢀGHVFULEHVꢀKRZꢀWRꢀFRQILUPꢈꢀGHOHWHꢀDQGꢀLPSRUWꢀDꢀGRFXPHQWꢀ  
VWRUHGꢀLQꢀWKHꢀPDLOER[ꢀRIꢀWKHꢀPDFKLQHꢀE\ꢀXVLQJꢀWKHꢀPDLOER[ꢀYLHZHUꢇ  
3URFHGXUH  
ꢄꢇ &OLFNꢀ6WDUWꢀRQꢀWKHꢀWDVNꢀEDUꢈꢀWKHQꢀVHOHFWꢀ0DLOER[ꢀ9LHZHUꢀIURPꢀ  
3URJUDPV!;HUR[!8WLOLW\ꢇ  
127(ꢉꢀ,Iꢀ\RXꢀKDYHꢀVSHFLILHGꢀDQRWKHUꢀIROGHUꢀQDPHꢀDWꢀWKHꢀLQVWDOODWLRQꢈꢀ  
WKHꢀGLVSOD\ꢀ3URJUDPV!;HUR[!8WLOLW\ꢀLVꢀFKDQJHGꢀWRꢀWKHꢀVSHFLILHGꢀQDPHꢇ  
ꢅꢇ 6HOHFWꢀWKHꢀPDFKLQHꢀIURPꢀWKHꢀOLVWꢈꢀWKHQꢀFOLFNꢀ6HOHFWꢀ6FDQQHUꢇ  
<RXꢀFDQꢀFKDQJHꢀVFDQQHUꢀQDPHꢀE\ꢀFOLFNLQJꢀ&KDQJHꢀ'LVSOD\ꢇ  
127(ꢉꢀ:KHQꢀDꢀPDFKLQHꢀLVꢀFRQQHFWHGꢀWRꢀWKHꢀVDPHꢀQHWZRUNꢀDVꢀ\RXUꢀ  
FRPSXWHUꢈꢀWKHꢀVFDQQHUꢀQDPHVꢀDUHꢀGLVSOD\HGꢀDXWRPDWLFDOO\ꢇꢀ,Iꢀ\RXꢀZDQWꢀ  
WRꢀVHOHFWꢀDꢀVFDQQHUꢀIURPꢀDQRWKHUꢀQHWZRUNꢈꢀFOLFNꢀ&KDQJHꢀ'LVSOD\ꢈꢀWKHQꢀ  
HQWHUꢀWKHꢀ,3ꢀDGGUHVVꢀDQGꢀVFDQQHUꢀQDPHꢌSURGXFWꢀQDPHꢍꢇ  
FKDQJLQJꢀWKHꢀVFDQQHUꢀQDPHꢈꢀRUꢀFRQQHFWLQJꢀWRꢀDQRWKHUꢀQHWZRUNꢇ  
     
ꢊꢇ (QWHUꢀWKHꢀPDLOER[ꢀQXPEHUꢀꢌꢄꢉꢅꢆꢆꢍꢀLQꢀZKLFKꢀWKHꢀGRFXPHQWꢀLVꢀVWRUHGꢇ  
ꢋꢇ (QWHUꢀDꢀꢋꢉGLJLWꢀSDVVZRUGꢀIRUꢀWKHꢀPDLOER[ꢀDQGꢀFOLFNꢀ2SHQꢀ0DLOER[ꢇ  
127(ꢁꢀ7KHꢀSDVVZRUGꢀZLOOꢀEHꢀGLVSOD\HGꢀDVꢀ³ꢓꢓꢓꢓ´ꢇ  
(QWHULQJꢀDꢀSDVVZRUGꢀPD\ꢀQRWꢀEHꢀQHHGHGꢀGHSHQGLQJꢀRQꢀWKHꢀVHWWLQJꢀRIꢀ  
WKHꢀ3DVVZRUGꢇ  
&OLFNꢀ6DYHꢀDꢀ3DVVZRUGꢀWRꢀVNLSꢀWKHꢀSURFHGXUHꢀIURPꢀ6WHSVꢀꢊꢀWRꢀꢋꢀWKHꢀ  
QH[WꢀWLPHꢇ  
6((ꢁꢀ7KHꢀ+HOSꢀEXWWRQꢀWRꢀGLVSOD\ꢀ  
WKHꢀRQOLQHꢀKHOSꢀIRUꢀWKHꢀH[SODQDWLRQ  
RIꢀHDFKꢀLWHPꢀRIꢀWKHꢀ0DLOER[ꢀ  
9LHZHUꢇ  
ꢎꢇ &RQILUPꢀWKHꢀILOHꢀIURPꢀWKHꢀOLVWꢇꢀ7RꢀGHOHWHꢀDꢀILOHꢈꢀVHOHFWꢀWKHꢀILOHꢀDQGꢀFOLFNꢀ  
'HOHWHꢇ  
,PSRUWLQJꢀWKHꢀ'RFXPHQWꢀ6WRUHGꢀLQꢀWKHꢀ0DLOER[  
,Iꢀ\RXꢀKDYHꢀFOLFNHGꢀWKHꢀ,PSRUWꢀDOOꢀH[LVWLQJꢀGRFXPHQWVꢀFKHFNER[ꢀRQꢀWKHꢀ  
6HWWLQJꢀGLDORJꢀER[ꢈꢀWKHꢀ8SGDWHꢀEXWWRQꢀDVꢀVKRZQꢀLQꢀWKHꢀILJXUHꢀEHORZꢀLVꢀ  
FKDQJHGꢀWRꢀWKHꢀ,PSRUWꢀEXWWRQꢇ  
LPSRUWLQJꢀGRFXPHQWꢀSURSHUW\ꢇ  
:KHQꢀFOLFNLQJꢀWKHꢀ,PSRUWꢀEXWWRQꢈꢀDOOꢀWKHꢀVWRUHGꢀGRFXPHQWVꢀZLOOꢀEHꢀ  
LPSRUWHGꢈꢀDQGꢀVDYHGꢀLQWRꢀWKHꢀVSHFLILHGꢀGLUHFWRU\ꢀꢌWKHꢀGHIDXOWꢀGLUHFWRU\ꢀLVꢀ  
Fꢁꢀ?WHPSꢍꢀDVꢀWKHꢀ7,))ꢀIRUPDWꢇ  
$WꢀWKLVꢀWLPHꢈꢀWKHꢀILOHꢀQDPHꢀLVꢀDVꢀIROORZVꢁ  
,3ꢀDGGUHVVꢀꢉꢀ0DLOER[ꢀ1Rꢇꢀꢉꢀ)LOHꢀ1Rꢇꢀꢉꢀ'DWHꢀꢉꢀ7LPHꢇWLI  
([DPSOHꢀꢁꢀꢄꢅꢊꢆꢋꢎꢄꢅꢊꢆꢋꢎꢉꢆꢆꢊꢉꢆꢆꢄꢊꢉꢆꢄꢆꢄꢄꢄꢄꢑꢊꢃꢇWLI  
6HWWLQJꢀ8SꢀWKHꢀ3URSHUWLHVꢀ  
<RXꢀFDQꢀVSHFLI\ꢀWKHꢀRSHUDWLRQꢀRIꢀWKHꢀ0DLOER[ꢀ9LHZHUꢀDQGꢀWKHꢀLPSRUWLQJꢀ  
IHDWXUHꢇ  
7RꢀVHWꢀWKHꢀSURSHUWLHVꢈꢀFOLFNꢀ6HWWLQJꢀRQꢀWKHꢀ0DLOER[ꢀ9LHZHUꢀGLDORJꢀER[ꢀ  
ꢌVHHꢀ6WHSꢀꢎꢀRQꢀꢊꢇꢅꢇꢄꢍꢇ  
   
6SHFLI\ꢀWKHꢀSURSHUWLHVꢀDVꢀUHTXLUHGꢇ  
*HWꢀLQIRUPDWLRQꢆꢀZKHQꢀUHVWDUWLQJꢀ\RXUꢀZLQGRZVꢄ  
6HOHFWꢀZKHWKHUꢀRUꢀQRWꢀWRꢀDXWRPDWLFDOO\ꢀUHGLVSOD\ꢀWKHꢀODWHVWꢀILOHꢀLPSRUWHGꢀ  
IURPꢀWKHꢀQHWZRUNꢀVFDQQHUꢀZKHQꢀRSHQLQJꢀWKHꢀ0DLOER[ꢀ9LHZHUꢀIURPꢀWKHꢀ  
WDVNEDUꢀRUꢀLFRQꢇ  
6HWꢀ7LPHU  
6SHFLI\ꢀWKHꢀWLPHꢀLQWHUYDOꢈꢀLQꢀPLQXWHVꢈꢀWRꢀXSGDWHꢀWKHꢀILOHꢀOLVWꢀZKHQꢀWKHꢀ  
0DLOER[ꢀ9LHZHUꢀLVꢀDFWLYDWHGꢇꢀ7KHꢀVHWWLQJꢀUDQJHꢀLVꢀIURPꢀꢄꢀWRꢀꢏꢆꢀPLQXWHVꢇ  
,PSRUWꢀDOOꢀH[LVWLQJꢀGRFXPHQWVꢄ  
7LFNꢀWKLVꢀFKHFNER[ꢀWRꢀDXWRPDWLFDOO\ꢀLPSRUWꢀDOOꢀH[LVWLQJꢀILOHVꢀIURPꢀWKHꢀ  
0DLOER[ꢀ9LHZHUꢀDWꢀSHULRGLFꢀLQWHUYDOVꢇꢀ7KHꢀ,PSRUWꢀ3URSHUWLHVꢀEXWWRQꢀZLOOꢀ  
RQO\ꢀEHꢀDFWLYHꢀZKHQꢀWKLVꢀFKHFNER[ꢀLVꢀWLFNHGꢇꢀ$OVRꢈꢀWKHꢀ8SGDWHꢀEXWWRQꢀRQꢀ  
WKHꢀ0DLOER[ꢀ9LHZHUꢀGLDORJꢀER[ꢀZLOOꢀEHFRPHꢀWKHꢀ,PSRUWꢀEXWWRQꢇ  
6HHꢀ³,PSRUWꢀ3URSHUWLHV´ꢀRQꢀSDJHꢀꢊꢂꢁꢇꢀIRUꢀVHWWLQJꢀWKHꢀ,PSRUWꢀ3URSHUWLHVꢇ  
1RWLILFDWLRQ  
6SHFLILHVꢀWKHꢀZD\ꢀWRꢀQRWLI\ꢀDXWRPDWLFDOO\ꢀZKHQꢀQHZꢀILOHVꢀDUHꢀVWRUHGꢀLQꢀ  
WKHꢀPDLOER[ꢀRUꢀZKHQꢀWKHꢀQXPEHUꢀRIꢀILOHVꢀKDVꢀGHFUHDVHGꢀDIWHUꢀWKHꢀWLPHꢀ  
VSHFLILHGꢀDWꢀ6HWꢀ7LPHUꢀKDVꢀODSVHGꢇ  
$QLPDWLRQꢀLVꢀGLVSOD\HGꢀZKHQꢀWKHUHꢀLVꢀDꢀFKDQJHꢀLQꢀWKHꢀILOHꢀVWDWXVꢇꢀ$QLPDWLRQꢀ  
ZLOOꢀDOVRꢀEHꢀGLVSOD\HGꢀZKHQꢀWKHꢀ9LHZHUꢀLVꢀPLQLPL]HGꢀWRꢀDQꢀLFRQꢀRUꢀDꢀWDVNEDUꢇ  
$QLPDWLRQ  
6RXQG  
6RXQGꢀZLOOꢀEHꢀXVHGꢀWRꢀQRWLI\ꢀDꢀFKDQJHꢀLQꢀWKHꢀILOHꢀVWDWXVꢇꢀ<RXꢀFDQꢀFKRRVHꢀWRꢀ  
VSHFLI\ꢀ\RXUꢀUHTXLUHGꢀVRXQGꢀILOHꢀꢌLQꢀꢇZDYꢀIRUPDWꢍꢀE\ꢀFOLFNLQJꢀWKHꢀ%URZVHꢀEXWꢉ  
WRQꢇ  
127(ꢁꢀ8VHUVꢀRIꢀ3&VꢀZLWKRXWꢀDꢀVRXQGꢀFDUGꢀLQVWDOOHGꢀFDQQRWꢀFKRRVHꢀWRꢀ  
VSHFLI\ꢀWKHꢀVRXQGꢀILOHVꢇ  
)LOHꢀ7\SH  
6SHFLI\ꢀWKHꢀILOHꢀW\SHꢀRIꢀWKHꢀILOHVꢀVWRUHGꢀLQꢀ0DLOER[ꢀWRꢀEHꢀGLVSOD\HGꢇꢀ  
'HSHQGLQJꢀRQꢀWKHꢀPDFKLQHꢀPRGHOꢈꢀ)D[ꢀ5HFHLYHGꢀDQGꢀ6WRUHGꢀIRUꢀ3ROOLQJꢀ  
PD\ꢀQRWꢀEHꢀGLVSOD\HGꢇ  
7KHUHꢀDUHꢀWKUHHꢀILOHꢀW\SHVꢁ  
6FDQQHGꢀ,PDJHꢁꢀ,PDJHꢀILOHVꢀVFDQQHGꢀIURPꢀWKHꢀQHWZRUNꢀVFDQQHUꢀ  
)D[ꢀ5HFHLYHGꢁꢀ)D[ꢀILOHVꢀUHFHLYHGꢀIURPꢀDꢀUHPRWHꢀPDFKLQH  
6WRUHGꢀIRUꢀ3ROOLQJꢁꢀ)LOHꢀVWRUHGꢀIRUꢀSROOLQJ  
     
,PSRUWꢀ3URSHUWLHV  
&OLFNꢀWRꢀGLVSOD\ꢀWKHꢀGLDORJꢀER[ꢈꢀWKHQꢀVSHFLI\ꢀWKHꢀUHTXLUHGꢀFRPSUHVVLRQꢀ  
W\SHꢀDQGꢀGULYHꢀDQGꢒRUꢀIROGHUꢇ  
,PSRUWꢀ2UGHU  
6HOHFWꢀWKHꢀRUGHUꢀRIꢀLPSRUWLQJꢀLPDJHꢀILOHVꢇ  
:KHQꢀ1HZꢀ !2OGꢀLVꢀVHOHFWHGꢈꢀODWHVWꢀILOHVꢀZLOOꢀEHꢀLPSRUWHGꢀILUVWꢇ  
:KHQꢀ2OGꢀ !ꢀ1HZꢀLVꢀVHOHFWHGꢈꢀWKHꢀVHTXHQFHꢀZLOOꢀEHꢀUHYHUVHGꢇ  
&RPSUHVVLRQꢀ7\SH  
6DYHVꢀDOOꢀSDJHVꢀRIꢀWKHꢀLPSRUWHGꢀILOHVꢀDVꢀ7,))ꢀILOHVꢇꢀ6HOHFWꢀHLWKHUꢀ005ꢀ  
RUꢀ0+ꢀDVꢀWKHꢀFRPSUHVVLRQꢀIRUPDWꢇ  
6DYHꢀDV  
6SHFLI\ꢀDGHVWLQDWLRQꢀIROGHUꢀIRUꢀWKHꢀDXWRPDWLFDOO\ꢉLPSRUWHGꢀILOHVꢇꢀ&KRRVHꢀ  
DꢀODUJHꢀFDSDFLW\ꢀGULYHꢀZLWKꢀORWVꢀRIꢀHPSW\ꢀVSDFHꢇꢀ7KHꢀILOHVꢀVDYHGꢀKHUHꢀDUHꢀ  
LQꢀPXOWLꢉSDJHꢀ7,))ꢀIRUPDWꢇꢀ7KHꢀILOHꢀQDPHVꢀDUHꢀDXWRPDWLFDOO\ꢀFUHDWHGꢀ  
EDVHGꢀRQꢀWKHꢀ,3ꢀDGGUHVVꢀRIꢀWKHꢀVFDQQHUꢈꢀ0DLOER[ꢀ1Rꢇꢈꢀ)LOHꢀ1RꢇꢀDQGꢀ  
'DWHꢇ  
     
ꢇ3UHFDXWLRQVꢀDQGꢀ/LPLWDWLRQV  
7KHꢀIROORZLQJꢀLQIRUPDWLRQꢀFDQꢀEHꢀIRXQGꢀLQꢀWKLVꢀFKDSWHUꢁ  
3UHFDXWLRQVꢀDQGꢀ/LPLWDWLRQV  
7URXEOHVKRRWLQJ  
 
3UHFDXWLRQVꢀDQGꢀ/LPLWDWLRQV  
7KLVꢀVHFWLRQꢀGHVFULEHVꢀWKHꢀSUHFDXWLRQVꢀDQGꢀOLPLWDWLRQVꢀZKLOVWꢀXVLQJꢀWKLVꢀ  
VFDQQHUꢇ  
6HHꢀ5HDGPHꢌW[WꢀRQꢀWKHꢀ?(QJOLVK?8WLOLW\?\RXUꢀ26?6&1?5HDGPHꢀRIꢀWKHꢀ  
3&/ꢀ'ULYHUꢒ1HWZRUNꢀ8WLOLW\ꢀꢌ:LQGRZVꢍꢀ&'ꢉ520ꢀIRUꢀWKHꢀSUHFDXWLRQVꢀDQGꢀ  
OLPLWDWLRQVꢀRIꢀ1HWZRUNꢀ6FDQQHUꢀ'ULYHUꢀRUꢀ0DLOER[ꢀ9LHZHUꢇ  
(QDEOLQJꢀ6DOXWDWLRQꢀRUꢀ)73ꢀ&OLHQW  
$IWHUꢀHQDEOLQJꢀ6DOXWDWLRQꢀRUꢀ)73ꢀ&OLHQWꢀXVLQJꢀWKHꢀSULQWHUꢀFRQWUROꢀSDQHOꢈꢀ  
VZLWFKꢀRIIꢀWKHꢀSRZHUꢀRIꢀWKHꢀPDFKLQHꢈꢀWKHQꢀVZLWFKꢀLWꢀRQꢀDJDLQꢇ  
8VLQJꢀWKHꢀ1HWZRUNꢀ6FDQQHUꢀ'ULYHUꢀDQGꢀWKHꢀ0DLOER[ꢀ  
9LHZHUꢀDWꢀWKHꢀ6DPHꢀ7LPH  
<RXꢀFDQQRWꢀDFFHVVꢀWKHꢀPDFKLQHꢀE\ꢀXVLQJꢀWKHꢀ0DLOER[ꢀ9LHZHUꢀDQGꢀWKHꢀ  
1HWZRUNꢀ6FDQQHUꢀ'ULYHUꢀDWꢀWKHꢀVDPHꢀWLPHꢇ  
,PSRUWLQJꢀIURPꢀ6HYHUDOꢀ3HUVRQDOꢀ&RPSXWHUV  
<RXꢀFDQQRWꢀLPSRUWꢀWKHꢀGRFXPHQWꢀIURPꢀWKHꢀPDFKLQHꢀE\ꢀXVLQJꢀWKHꢀ  
QHWZRUNꢀVFDQQHUꢀGULYHUꢀRUꢀWKHꢀPDLOER[ꢀYLHZHUꢀZKLOHꢀDQRWKHUꢀFRPSXWHUꢀ  
LVꢀLPSRUWLQJꢇ  
3ULQWLQJꢀ6WRUHGꢀ'RFXPHQW  
<RXꢀFDQQRWꢀSULQWꢀWKHꢀVFDQQHGꢀGRFXPHQWꢀE\ꢀVHOHFWLQJꢀ3ULQWꢊ'HOHWHꢀ  
'RFXPHQWVꢀRIꢀWKHꢀ/RFDOꢀ0DLOER[ꢀEXWWRQꢀRQꢀWKHꢀ)D[ꢀ)HDWXUHꢀ0HQXꢀ  
VFUHHQꢀRIꢀWKHꢀPDFKLQHꢇ  
5HWULHYHꢀIURPꢀWKHꢀ0DLOER[ꢀRIꢀWKHꢀ0DFKLQH  
:KHQꢀWKHꢀUHPRWHꢀWHUPLQDOꢀLVꢀUHWULHYLQJꢀDꢀGRFXPHQWꢀIURPꢀWKHꢀPDLOER[ꢀRIꢀ  
WKHꢀPDFKLQHꢈꢀ\RXꢀFDQQRWꢀWUDQVPLWꢀWKHꢀVFDQQHGꢀGRFXPHQWꢇ  
8VLQJꢀWKHꢀ&HQWUH:DUHꢀ6FDQQLQJꢀ6HUYLFHV  
<RXꢀFDQꢀUHWULHYHꢀDꢀPD[LPXPꢀRIꢀꢄꢆꢆꢀWHPSODWHVꢀIURPꢀWKHꢀVHUYHUꢀXVLQJꢀWKHꢀ  
PDFKLQHꢇ  
8VLQJꢀWKHꢀ7,))ꢀILOH  
7KHꢀ7,))ꢀILOHꢀWKDWꢀLVꢀFUHDWHGꢀZLWKꢀ&HQWUH:DUHꢀ6FDQQLQJꢀ6HUYLFHVꢀRUꢀWKHꢀ  
0DLOER[ꢀ9LHZHUꢀLVꢀFRPSUHVVHGꢀLQꢀ005ꢈꢀ05ꢀRUꢀ0+ꢀIRUPDWꢇꢀ:KHQꢀ  
RSHQLQJꢀWKHVHꢀILOHVꢈꢀXVHꢀWKHꢀFRUUHVSRQGLQJꢀVRIWZDUHꢇ  
6FDQꢀ6L]Hꢀ/LPLWDWLRQ  
7KHꢀPD[LPXPꢀVFDQꢀVL]HꢀIRUꢀRQHꢀSDJHꢀLVꢀ$ꢊꢀVL]Hꢇ  
127(ꢉꢀ,Iꢀ\RXꢀVHOHFWꢀꢏꢆꢆꢀGSLꢀIRUꢀ$ꢊꢀVL]HꢀGRFXPHQWVꢈꢀWKHꢀGRFXPHQWVꢀ  
PD\ꢀQRWꢀEHꢀVFDQQHGꢀGXHꢀWRꢀLQVXIILFLHQWꢀFDSDFLW\ꢀLQꢀWKHꢀPHPRU\ꢇ  
:KHQꢀVFDQQLQJꢀGRFXPHQWVꢀZLWKꢀSKRWRVꢈꢀWKHꢀGRFXPHQWVꢀPD\ꢀQRWꢀEHꢀ  
VFDQQHGꢀGXHꢀWRꢀLQVXIILFLHQWꢀFDSDFLW\ꢀLQꢀWKHꢀPHPRU\ꢇ  
                 
1XPEHUꢀRIꢀ3DJHVꢀRIꢀ6WRUHGꢀ'RFXPHQW  
7KHꢀPD[LPXPꢀQXPEHUꢀRIꢀSDJHVꢀRIꢀDꢀVWRUHGꢀGRFXPHQWꢀLVꢀꢏꢏꢀZKHQꢀ\RXꢀ  
XVHꢀDꢀVWDQGDUGꢀ$ꢋꢀVL]HꢀGRFXPHQWꢈꢀVHWꢀ6WDQGDUGꢀIRUꢀ/LJKWHUꢒ'DUNHUꢀDQGꢀ  
ꢅꢆꢆꢀGSLꢀIRUꢀUHVROXWLRQꢇ  
127(ꢌꢀ7KHꢀPD[LPXPꢀQXPEHUꢀRIꢀSDJHVꢀWKDWꢀFDQꢀEHꢀVWRUHGꢀYDULHVꢀZLWKꢀ  
WKHꢀRQꢒRIIꢀVHWWLQJVꢀRIꢀRSWLRQVꢈꢀ/LJKWHUꢒ'DUNHUꢀDQGꢀ5HVROXWLRQꢀVHWWLQJVꢇ  
6HHꢀ8VHUꢀ*XLGHꢀꢅ)DFVLPLOHꢆꢀIRUꢀPRUHꢀGHWDLOVꢇ  
0D[LPXPꢀ1XPEHUꢀRIꢀ6FDQQHGꢀ3DJHVꢀꢉ0DLOER[ꢊ  
7KHꢀPD[LPXPꢀQXPEHUꢀRIꢀGRFXPHQWꢀSDJHVꢀWKDWꢀFDQꢀEHꢀVFDQQHGꢀDWꢀDꢀ  
WLPHꢀXVLQJꢀWKHꢀPDLOER[ꢀIHDWXUHꢀLVꢀꢎꢆꢀSDJHVꢇ  
8SJUDGLQJꢀWKHꢀ1HWZRUNꢀ6FDQQHUꢀ8WLOLW\  
:KHQꢀXSJUDGLQJꢀWKHꢀQHWZRUNꢀVFDQQHUꢀXWLOLW\ꢈꢀPDNHꢀVXUHꢀ\RXꢀXQLQVWDOOꢀ  
WKHꢀH[LVWLQJꢀQHWZRUNꢀVFDQQHUꢀXWLOLW\ꢇ  
     
7URXEOHVKRRWLQJ  
7KLVꢀVHFWLRQꢀH[SODLQVꢀKRZꢀWRꢀUHVROYHꢀSUREOHPVꢀZKHQꢀDQꢀHUURUꢀKDVꢀ  
RFFXUHGꢀZKLOHꢀXVLQJꢀWKHꢀVFDQQHUꢀIHDWXUHꢇ  
6HHꢀ8VHUꢀ*XLGHꢀꢁ&RSLHUꢂꢀZKHQꢀDQꢀHUURUꢀVXFKꢀDVꢀPDFKLQHꢀQRWꢀRSHUDWLQJꢀ  
KDVꢀRFFXUHGꢇ  
6\PSWRPV  
7KLQJVꢀWRꢀ&KHFN  
7KHꢀ6FDQꢀEXWWRQꢀLVꢀQRWꢀGLVSOD\HGꢀRQꢀWKHꢀ  
WRXFKꢀSDQHOꢀVFUHHQꢇ  
3UHVVꢀWKHꢀ&OHDUꢀ$OOꢀEXWWRQꢀRQꢀWKHꢀFRSLHUꢀ  
FRQWUROꢀSDQHOꢇ  
,IꢀWKHꢀVFDQQHUꢀLVꢀVWLOOꢀQRWꢀGLVSOD\HGꢀRQꢀWKHꢀWRXFKꢀ  
SDQHOꢀVFUHHQꢈꢀFKHFNꢀRQꢀWKHꢀSULQWHUꢀ  
FRQWUROꢀSDQHOꢀWKDWꢀ6DOXWDWLRQꢀRUꢀ)73ꢀFOLHQWꢀLVꢀ  
HQDEOHGꢇ  
7KHꢀVFDQQHGꢀGRFXPHQWꢀLVꢀQRWꢀVHQWꢀWRꢀWKHꢀ  
FRPSXWHUꢇ  
7KHꢀPDFKLQHꢀLVꢀLQꢀSRZHUꢀVDYLQJꢀPRGHꢇꢀ3UHVVꢀ  
WKHꢀ3RZHUꢀ6DYHUꢀEXWWRQꢀRQꢀWKHꢀFRSLHUꢀFRQWUROꢀ  
SDQHOꢀWRꢀFDQFHOꢀWKHꢀSRZHUꢀVDYLQJꢀPRGHꢇꢀ$IWHUꢀ  
WKHꢀPDFKLQHꢀLVꢀVWDUWHGꢀXSꢈꢀZDLWꢀIRUꢀDꢀZKLOHꢀDQGꢀ  
VFDQꢀWKHꢀGRFXPHQWꢀDJDLQꢇꢀ  
(UURUꢀFRGHꢀLVꢀGLVSOD\HGꢀRQꢀWKHꢀSULQWHUꢀFRQWUROꢀ 6HHꢀWKHꢀ8VHUꢀ*XLGHꢀꢆ3ULQWHUꢇꢀWRꢀUHVROYHꢀWKHꢀ  
SDQHOꢇꢀ SUREOHPꢇ  
(UURUꢀUHVROYHG  
([DPSOHꢁꢀ  
³ꢓ´ꢀLQGLFDWHVꢀQXPEHUꢇ  
 
$ $SSHQGL[  
7KHꢀIROORZLQJꢀLQIRUPDWLRQꢀFDQꢀEHꢀIRXQGꢀLQꢀWKLVꢀFKDSWHUꢁ  
3ULQWLQJꢀ-REꢀ7HPSODWHꢀ/LVW  
&RPSDWLEOHꢀ6RIWZDUH  
 
3ULQWLQJꢀ-REꢀ7HPSODWHꢀ/LVW  
7KLVꢀVHFWLRQꢀGHVFULEHVꢀKRZꢀWRꢀSULQWꢀWKHꢀ-REꢀ7HPSODWHꢀ/LVWꢀIURPꢀWKHꢀ  
PDFKLQHꢇ  
7KHꢀ-REꢀ7HPSODWHꢀ/LVWꢀVKRZVꢀWKHꢀVHWWLQJVꢀIRUꢀWKHꢀ7HPSODWHꢀ6WRULQJꢀ  
6HUYHUꢀVHWꢀE\ꢀWKHꢀ6FDQꢀ$GPLQꢀ:L]DUGꢀLQꢀ&HQWUH:DUHꢀ6FDQQLQJꢀ  
6HUYLFHVꢀꢌRSWLRQDOꢍꢇ  
<RXꢀFDQꢀSULQWꢀWKHꢀ-REꢀ7HPSODWHꢀ/LVWꢀE\ꢀRSHUDWLQJꢀWKHꢀSULQWHUꢀFRQWUROꢀ  
SDQHOꢀRIꢀWKHꢀPDFKLQHꢇ  
 
&RPSDWLEOHꢀ6RIWZDUH  
5HJDUGLQJꢀWKHꢀFRPSDWLELOLW\ꢀRIꢀDSSOLFDWLRQꢀVRIWZDUHVꢀZLWKꢀWKHꢀQHWZRUNꢀ  
VFDQQHUꢀGULYHUꢈꢀUHIHUꢀWRꢀWKHꢀ1HWZRUNꢀ6FDQQHUꢀ'ULYHUꢀ5HDGPHꢇW[WꢀLQꢀWKHꢀ  
3&/ꢀ'ULYHUꢒ1HWZRUNꢀ8WLOLW\ꢀ&'ꢉ520ꢇꢀ  
7KHꢀ1HWZRUNꢀ6FDQQHUꢀ'ULYHUꢀ5HDGPHꢀILOHꢀFDQꢀEHꢀGLVSOD\HGꢀE\ꢀ  
VHOHFWLQJꢁꢀ  
?(QJOLVK?8WLOLW\?:LQꢑ[B0H?6&1?5HDGPH?5HDGPHꢇW[Wꢈ?(QJOLVK?8WLOLW\?1  
7ꢋꢆ?6&1?5HDGPH?5HDGPHꢇW[WꢀRUꢀ  
(QJOLVK?8WLOLW\?:LQꢅꢆꢆꢆ?6&1?5HDGPH?5HDGPHꢇW[Wꢇ  
 
,QGH[  
6FDQQLQJꢀZLWKꢆꢃꢆ  
&
1
&HQWUH:DUHꢀ6FDQQLQJꢀ6HUYLFHVꢆꢃꢇꢆ  
&RPSUHVVꢀ7\SHꢈꢃꢇꢆ  
1HJDWLYHꢀ,PDJHꢈꢃꢌ  
1HWZRUNꢈꢃꢊ  
)
1HWZRUNꢀ6FDQQHUꢀ8WLOLW\  
,QVWDOODWLRQꢆꢃꢇꢉ  
)LOHꢀ/LVWꢀ0RGHꢈꢃꢉ  
)73ꢀ&OLHQW  
8QLQVWDOODWLRQꢆꢃꢇꢍ  
1RWLILFDWLRQꢈꢃꢇꢇ  
(QDEOLQJꢆꢃꢇꢈ  
6
,
6DOXWDWLRQ  
(QDEOHꢆꢃꢍ  
6DYHꢀDVꢈꢃꢇꢆ  
6FDQQHUꢀQDPHVꢀH[LVWLQJꢀLQꢀRWKHUꢀQHWZRUNVꢈꢃꢊ  
6HWꢀ7LPHUꢈꢃꢇꢇ  
,PSRUWꢀDOOꢀH[LVWLQJꢀGRFXPHQWVꢈꢃꢇꢇ  
,PSRUWꢀ2UGHUꢈꢃꢉ  
,PSRUWꢀ6HWWLQJV  
&KDQJLQJꢈꢃꢉ  
,3ꢀDGGUHVV  
'HILQHꢆꢃꢊ  
7
/
7HPSRUDU\ꢀ6DYHꢀDVꢈꢃꢌ  
/RFDOꢀ)LOHꢈꢃꢊ  
8
0
8'3  
8QLQVWDOODWLRQꢆꢃꢇꢍ  
0DLOER[  
&UHDWLQJꢆꢃꢋ  

Trion T1001 User Manual
Toshiba Air Conditioner Rav Sp1100at E User Manual
Sunpentown Intl Wa 1230e User Manual
Opticon Crd 9723 Crd 9723 User Manual
MAKITA LS1220 User Manual
LG 55UH5J User Manual
Lexmark S410 User Manual
Lexmark 5400 User Manual
BROTHER HL L2357DW 03 User Manual
BLACK DECKER BDCMTTS User Manual