
Safety Instructions. 2–7
Operating Instructions
Aluminum.Foil. 12
Clock.and.Timer. 14
Lower.Oven.Drawer. 27
Surface.Cooking . 8,.9
Upper.Oven. 10–26,.28,.29
. Baking.and.Roasting. 12
. Broiling,.Broiling.Guide. 13
. Convection. 17–20
. Oven.Control. 10
. Power.Outage. 11
. Preheating . 12
. Probe. 16
. Sabbath.Feature. 24,.25
. Self-Cleaning. 28,.29
. Shelves. 12
. Special.Features. 22,.23
. Thermostat.Adjustment. 26
. Timed.Baking..
. and.Roasting. 15
. Timed.Convection.Baking. 21
Care and Cleaning
Burner.Assembly. 30,.31
Burner.Grates. 32
Control.Panel.and.Knobs. 37
Cooktop. 32–34
...Glass. 33,.34
...Porcelain. 32
Door.Removal. 35
Lower.Oven.Drawer. 36
Oven.Bottom. 35
Oven.Light.Replacement . 38
Oven.Vents . 37
Self-Cleaning. 28,.29
Shelves.and.Drawer.Racks.....38
Stainless.Steel.Surfaces . 32
Installation
Instructions
. 39–50
Air.Adjustment. 49
Anti-Tip.Device. 42,.50
Checking.Burner..
Ignition. 48
Connecting.the.Range..
to.Gas.. 43–45
Dimensions.and.Clearances. 41
Electrical.Connections. 46,.47
Leveling.the.Range. 49
LP. 50
Troubleshooting
Tips
. 51–54
Accessories. 55
Consumer Support
Consumer.Support. Back.Cover
Product.Registration.
in.Canada . 57,.58
Warranty.for.Customers..
in.Canada . 63
Warranty.for.Customers..
in.the.USA. . 62
Ranges
49-85197
Owner’s Manual
& Installation
Instructions
GEAppliances.com
Self-Cleaning Gas
Write the model and serial
numbers here:
Model # ____________________
Serial # _____________________

6$9(7+(6(,16758&7,216
,03257$176$)(7<,1)250$7,21
5($'$//,16758&7,216%()25(86,1*
³'RQRWVWRUHRUXVHJDVROLQHRURWKHU
IODPPDEOHYDSRUVDQGOLTXLGVLQWKHYLFLQLW\
RIWKLVRUDQ\RWKHUDSSOLDQFH
³
:+$772'2,)<28
60(//*$6
■'RQRWWU\WROLJKWDQ\DSSOLDQFH
■ 'RQRWWRXFKDQ\HOHFWULFDOVZLWFK
GRQRWXVHDQ\SKRQHLQ\RXUEXLOGLQJ
■ ,PPHGLDWHO\FDOO\RXUJDVVXSSOLHUIURP
DQHLJKERU·VSKRQH)ROORZWKHJDV
VXSSOLHU·VLQVWUXFWLRQV
■ ,I\RXFDQQRWUHDFK\RXUJDVVXSSOLHUFDOO
WKHILUHGHSDUWPHQW
³,QVWDOODWLRQDQGVHUYLFHPXVWEHSHUIRUPHG
E\DTXDOLILHGLQVWDOOHUVHUYLFHDJHQF\RUWKH
JDVVXSSOLHU
:$51,1* ,IWKHLQIRUPDWLRQLQ
WKLVPDQXDOLVQRWIROORZHGH[DFWO\DILUH
RUH[SORVLRQPD\UHVXOWFDXVLQJSURSHUW\
GDPDJHSHUVRQDOLQMXU\RUGHDWK
:$51,1*
$17,7,3'(9,&(
■$//5$1*(6&$17,3
■,1-85<723(56216
&28/'5(68/7
■,167$//$17,7,3
'(9,&(63$&.(':,7+
5$1*(
■6((,167$//$7,21
,16758&7,216
:$51,1*
)RU\RXUVDIHW\WKHLQIRUPDWLRQLQWKLVPDQXDOPXVWEHIROORZHGWRPLQLPL]HWKHULVNRIILUH
RUH[SORVLRQHOHFWULFVKRFNRUWRSUHYHQWSURSHUW\GDPDJHSHUVRQDOLQMXU\RUORVVRIOLIH
$OOUDQJHVFDQWLSDQGLQMXU\FRXOGUHVXOW
7RSUHYHQWDFFLGHQWDOWLSSLQJRIWKHUDQJHDWWDFKLWWRWKHZDOOE\LQVWDOOLQJWKH$QWL7LSGHYLFHVXSSOLHG
,IWKH$QWL7LSGHYLFHVXSSOLHGZLWKWKHUDQJHGRHVQRWILWWKLVDSSOLFDWLRQXVHWKHXQLYHUVDO$QWL7LSGHYLFH
:%;
7RFKHFNLIWKHGHYLFHLVLQVWDOOHGDQGHQJDJHGSURSHUO\FDUHIXOO\WLSWKHUDQJHIRUZDUG7KH$QWL7LSGHYLFH
VKRXOGHQJDJHDQGSUHYHQWWKHUDQJHIURPWLSSLQJRYHU
,I\RXSXOOWKHUDQJHRXWIURPWKHZDOOIRUDQ\UHDVRQPDNHVXUHWKHGHYLFHLVSURSHUO\HQJDJHGZKHQ
\RXSXVKWKHUDQJHEDFNDJDLQVWWKHZDOO,ILWLVQRWWKHUHLVDSRVVLEOHULVNRIWKHUDQJHWLSSLQJRYHUDQG
FDXVLQJLQMXU\LI\RXRUDFKLOGVWDQGVLWRUOHDQRQDQRSHQGRRU
3OHDVHUHIHUWRWKH$QWL7LSGHYLFHLQIRUPDWLRQLQWKLVPDQXDO)DLOXUHWRWDNHWKLVSUHFDXWLRQFRXOGUHVXOWLQ
WLSSLQJRIWKHUDQJHDQGLQMXU\
$17,7,3'(9,&(

6$9(7+(6(,16758&7,216
*($SSOLDQFHVFRP
:$51,1*
■+DYH\RXUUDQJHLQVWDOOHGDQGSURSHUO\
JURXQGHGE\DTXDOLILHGLQVWDOOHULQDFFRUGDQFH
ZLWKWKH,QVWDOODWLRQ,QVWUXFWLRQV$Q\
DGMXVWPHQWDQGVHUYLFHVKRXOGEHSHUIRUPHG
RQO\E\TXDOLILHGJDVUDQJHLQVWDOOHUVRUVHUYLFH
WHFKQLFLDQV
■'RQRWDWWHPSWWRUHSDLURUUHSODFHDQ\SDUWRI
\RXUUDQJHXQOHVVLWLVVSHFLILFDOO\UHFRPPHQGHG
LQWKLVPDQXDO$OORWKHUVHUYLFHVKRXOGEH
UHIHUUHGWRDTXDOLILHGWHFKQLFLDQ
■3OXJ\RXUUDQJHLQWRDYROWJURXQGHGRXWOHW
RQO\'RQRWUHPRYHWKHURXQGJURXQGLQJSURQJ
IURPWKHSOXJ,ILQGRXEWDERXWWKHJURXQGLQJ
RIWKHKRPHHOHFWULFDOV\VWHPLWLV\RXU
SHUVRQDOUHVSRQVLELOLW\DQGREOLJDWLRQWRKDYH
DQXQJURXQGHGRXWOHWUHSODFHGZLWKDSURSHUO\
JURXQGHGWKUHHSURQJRXWOHWLQDFFRUGDQFH
ZLWKWKH1DWLRQDO(OHFWULFDO&RGH'RQRWXVHDQ
H[WHQVLRQFRUGZLWKWKLVDSSOLDQFH
+DYHWKHLQVWDOOHUVKRZ\RXWKHORFDWLRQRIWKHUDQJHJDVVKXWRIIYDOYHDQGKRZWRVKXWLWRIILIQHFHVVDU\
6$)(7<35(&$87,216
,03257$176$)(7<127,&(
7KH&DOLIRUQLD6DIH'ULQNLQJ:DWHUDQG7R[LF(QIRUFHPHQW$FWUHTXLUHVWKH*RYHUQRURI&DOLIRUQLDWRSXEOLVK
DOLVWRIVXEVWDQFHVNQRZQWRWKHVWDWHWRFDXVHELUWKGHIHFWVRURWKHUUHSURGXFWLYHKDUPDQGUHTXLUHV
EXVLQHVVHVWRZDUQFXVWRPHUVRISRWHQWLDOH[SRVXUHWRVXFKVXEVWDQFHV
*DVDSSOLDQFHVFDQFDXVHPLQRUH[SRVXUHWRIRXURIWKHVHVXEVWDQFHVQDPHO\EHQ]HQHFDUERQPRQR[LGH
IRUPDOGHK\GHDQGVRRWFDXVHGSULPDULO\E\WKHLQFRPSOHWHFRPEXVWLRQRIQDWXUDOJDVRU/3IXHOV3URSHUO\
DGMXVWHGEXUQHUVLQGLFDWHGE\DEOXLVKUDWKHUWKDQD\HOORZIODPHZLOOPLQLPL]HLQFRPSOHWHFRPEXVWLRQ
([SRVXUHWRWKHVHVXEVWDQFHVFDQEHPLQLPL]HGE\YHQWLQJZLWKDQRSHQZLQGRZRUXVLQJDYHQWLODWLRQIDQ
RUKRRG

6$9(7+(6(,16758&7,216
■/RFDWHWKHUDQJHRXWRINLWFKHQWUDIILFSDWK
DQGRXWRIGUDIW\ORFDWLRQVWRSUHYHQWSRRUDLU
FLUFXODWLRQ
■%HVXUHDOOSDFNDJLQJPDWHULDOVDUHUHPRYHG
IURPWKHUDQJHEHIRUHRSHUDWLQJLWWRSUHYHQW
ILUHRUVPRNHGDPDJHVKRXOGWKHSDFNDJLQJ
PDWHULDOLJQLWH
■%HVXUH\RXUUDQJHLVFRUUHFWO\DGMXVWHGE\D
TXDOLILHGVHUYLFHWHFKQLFLDQRULQVWDOOHUIRUWKH
W\SHRIJDVQDWXUDORU/3WKDWLVWREHXVHG<RXU
UDQJHFDQEHFRQYHUWHGIRUXVHZLWKHLWKHUW\SH
RIJDV6HHWKH,QVWDOODWLRQRIWKHUDQJHVHFWLRQ
■
:$51,1*7KHVHDGMXVWPHQWVPXVW
EHPDGHE\DTXDOLILHGVHUYLFHWHFKQLFLDQ
LQDFFRUGDQFHZLWKWKHPDQXIDFWXUHU·V
LQVWUXFWLRQVDQGDOOFRGHVDQGUHTXLUHPHQWV
RIWKHDXWKRULW\KDYLQJMXULVGLFWLRQ)DLOXUHWR
IROORZWKHVHLQVWUXFWLRQVFRXOGUHVXOWLQVHULRXV
LQMXU\RUSURSHUW\GDPDJH7KHTXDOLILHGDJHQF\
SHUIRUPLQJWKLVZRUNDVVXPHVUHVSRQVLELOLW\IRU
WKHFRQYHUVLRQ
■$IWHUSURORQJHGXVHRIDUDQJHKLJKIORRU
WHPSHUDWXUHVPD\UHVXOWDQGPDQ\IORRU
FRYHULQJVZLOOQRWZLWKVWDQGWKLVNLQGRIXVH
1HYHULQVWDOOWKHUDQJHRYHUYLQ\OWLOHRUOLQROHXP
WKDWFDQQRWZLWKVWDQGVXFKW\SHRIXVH1HYHU
LQVWDOOLWGLUHFWO\RYHULQWHULRUNLWFKHQFDUSHWLQJ
■'RQRWOHDYHFKLOGUHQDORQHRUXQDWWHQGHG
ZKHUHDUDQJHLVKRWRULQRSHUDWLRQ7KH\FRXOG
EHVHULRXVO\EXUQHG
■'RQRWDOORZDQ\RQHWRFOLPEVWDQGRUKDQJRQ
WKHRYHQGRRUGUDZHURUFRRNWRS7KH\FRXOG
GDPDJHWKHUDQJHDQGHYHQWLSLWRYHUFDXVLQJ
VHYHUHSHUVRQDOLQMXU\
■
&$87,21,WHPVRILQWHUHVWWRFKLOGUHQ
VKRXOGQRWEHVWRUHGLQFDELQHWVDERYHDUDQJH
RURQWKHEDFNVSODVKRIDUDQJH³FKLOGUHQ
FOLPELQJRQWKHUDQJHWRUHDFKLWHPVFRXOGEH
VHULRXVO\LQMXUHG
■1HYHUZHDUORRVHILWWLQJRUKDQJLQJJDUPHQWV
ZKLOHXVLQJWKHDSSOLDQFH%HFDUHIXOZKHQ
UHDFKLQJIRULWHPVVWRUHGLQFDELQHWVRYHUWKH
UDQJH)ODPPDEOHPDWHULDOFRXOGEHLJQLWHG
LIEURXJKWLQFRQWDFWZLWKIODPHRUKRWRYHQ
VXUIDFHVDQGPD\FDXVHVHYHUHEXUQV
■'RQRWVWRUHIODPPDEOHPDWHULDOVLQDQRYHQD
UDQJHGUDZHURUQHDUDFRRNWRS
■'RQRWVWRUHRUXVHFRPEXVWLEOHPDWHULDOV
JDVROLQHRURWKHUIODPPDEOHYDSRUVDQGOLTXLGV
LQWKHYLFLQLW\RIWKLVRUDQ\RWKHUDSSOLDQFH
■'RQRWOHWFRRNLQJJUHDVHRURWKHUIODPPDEOH
PDWHULDOVDFFXPXODWHLQRUQHDUWKHUDQJH
■'RQRWXVHZDWHURQJUHDVHILUHV1HYHUSLFNXS
DIODPLQJSDQ7XUQWKHFRQWUROVRII6PRWKHU
DIODPLQJSDQRQDVXUIDFHEXUQHUE\FRYHULQJ
WKHSDQFRPSOHWHO\ZLWKDZHOOILWWLQJOLGFRRNLH
VKHHWRUIODWWUD\8VHDPXOWLSXUSRVHGU\
FKHPLFDORUIRDPW\SHILUHH[WLQJXLVKHU
■)ODPLQJJUHDVHRXWVLGHDSDQFDQEHSXWRXW
E\FRYHULQJLWZLWKEDNLQJVRGDRULIDYDLODEOH
E\XVLQJDPXOWLSXUSRVHGU\FKHPLFDORU
IRDPW\SHILUHH[WLQJXLVKHU
■)ODPHLQWKHXSSHURYHQRUORZHURYHQGUDZHU
FDQEHVPRWKHUHGFRPSOHWHO\E\FORVLQJWKH
RYHQGRRURUGUDZHUDQGWXUQLQJWKHFRQWUROWR
RIIRUE\XVLQJDPXOWLSXUSRVHGU\FKHPLFDORU
IRDPW\SHILUHH[WLQJXLVKHU
■/HWWKHEXUQHUJUDWHVDQGRWKHUVXUIDFHVFRRO
EHIRUHWRXFKLQJWKHPRUOHDYLQJWKHPZKHUH
FKLOGUHQFDQUHDFKWKHP
■1HYHUEORFNWKHYHQWVDLURSHQLQJVRIWKHUDQJH
7KH\
SURYLGHWKHDLULQOHWDQGRXWOHWWKDWDUH
QHFHVVDU\IRUWKHUDQJHWRRSHUDWHSURSHUO\ZLWK
FRUUHFWFRPEXVWLRQ$LURSHQLQJVDUHORFDWHGDW
WKHUHDURIWKHFRRNWRSDWWKHWRSDQGERWWRP
RIWKHRYHQGRRUDQGDWWKHERWWRPRIWKHUDQJH
XQGHUWKHORZHURYHQGUDZHURUNLFNSDQHO
■/DUJHVFUDWFKHVRULPSDFWVWRJODVVGRRUVRU
FRRNWRSV
FDQOHDGWREURNHQRUVKDWWHUHGJODVV
6$)(7<35(&$87,216
,03257$176$)(7<,1)250$7,21
5($'$//,16758&7,216%()25(86,1*
:$51,1*1(9(5XVHWKLV
DSSOLDQFHDVDVSDFHKHDWHUWRKHDWRUZDUP
WKHURRP'RLQJVRPD\UHVXOWLQFDUERQ
PRQR[LGHSRLVRQLQJDQGRYHUKHDWLQJRIWKH
RYHQ

*($SSOLDQFHVFRP
685)$&(%851(56
8VHSURSHUSDQVL]H³DYRLGSDQVWKDWDUHXQVWDEOHRUHDVLO\WLSSHG6HOHFWFRRNZDUHKDYLQJIODWERWWRPV
ODUJHHQRXJKWRFRYHUEXUQHUJUDWHV7RDYRLGVSLOORYHUVPDNHVXUHFRRNZDUHLVODUJHHQRXJKWRFRQWDLQ
WKHIRRGSURSHUO\7KLVZLOOERWKVDYHFOHDQLQJWLPHDQGSUHYHQWKD]DUGRXVDFFXPXODWLRQVRIIRRGVLQFH
KHDY\VSDWWHULQJRUVSLOORYHUVOHIWRQUDQJHFDQLJQLWH8VHSDQVZLWKKDQGOHVWKDWFDQEHHDVLO\JUDVSHG
DQGUHPDLQFRRO
■$OZD\VXVHWKH/,7( SRVLWLRQZKHQLJQLWLQJWKH
WRSEXUQHUVDQGPDNHVXUHWKHEXUQHUVKDYH
LJQLWHG
■1HYHUOHDYHWKHVXUIDFHEXUQHUVXQDWWHQGHGDW
KLJKIODPHVHWWLQJV%RLORYHUVFDXVHVPRNLQJDQG
JUHDV\VSLOORYHUVWKDWPD\FDWFKRQILUH
■$GMXVWWKHWRSEXUQHUIODPHVL]HVRLWGRHV
QRWH[WHQGEH\RQGWKHHGJHRIWKHFRRNZDUH
([FHVVLYHIODPHLVKD]DUGRXV
■8VHRQO\GU\SRWKROGHUV³PRLVWRUGDPSSRW
KROGHUVRQKRWVXUIDFHVPD\UHVXOWLQEXUQV
IURPVWHDP'RQRWOHWSRWKROGHUVFRPHQHDU
RSHQIODPHVZKHQOLIWLQJFRRNZDUH'RQRWXVH
DWRZHORURWKHUEXON\FORWKLQSODFHRIDSRW
KROGHU
■:KHQXVLQJJODVVFRRNZDUHPDNHVXUHLWLV
GHVLJQHGIRUWRSRIUDQJHFRRNLQJ
■7RPLQLPL]HWKHSRVVLELOLW\RIEXUQVLJQLWLRQRI
IODPPDEOHPDWHULDOVDQGVSLOODJHWXUQFRRNZDUH
KDQGOHVWRZDUGWKHVLGHRUEDFNRIWKHUDQJH
ZLWKRXWH[WHQGLQJRYHUDGMDFHQWEXUQHUV
■&DUHIXOO\ZDWFKIRRGVEHLQJIULHGDWDKLJKIODPH
VHWWLQJ
■$OZD\VKHDWIDWVORZO\DQGZDWFKDVLWKHDWV
■'RQRWOHDYHDQ\LWHPVRQWKHFRRNWRS7KHKRW
DLUIURPWKHYHQWPD\LJQLWHIODPPDEOHLWHPV
DQGZLOOLQFUHDVHSUHVVXUHLQFORVHGFRQWDLQHUV
ZKLFKPD\FDXVHWKHPWREXUVW
■,IDFRPELQDWLRQRIRLOVRUIDWVZLOOEHXVHGLQ
IU\LQJVWLUWRJHWKHUEHIRUHKHDWLQJRUDVIDWV
PHOWVORZO\
■8VHDGHHSIDWWKHUPRPHWHUZKHQHYHUSRVVLEOH
WR
SUHYHQWRYHUKHDWLQJIDWEH\RQGWKHVPRNLQJ
SRLQW
■8VHWKHOHDVWSRVVLEOHDPRXQWRIIDWIRUHIIHFWLYH
VKDOORZ
RUGHHSIDWIU\LQJ)LOOLQJWKHSDQWRRIXOO
RIIDWFDQFDXVHVSLOORYHUVZKHQIRRGLVDGGHG
■'RQRWIODPHIRRGVRQWKHFRRNWRS,I\RXGR
IODPHIRRGVXQGHUWKHKRRGWXUQWKHIDQRQ
■'RQRWXVHDZRNRQWKHFRRNLQJVXUIDFHLI
WKHZRNKDVDURXQGPHWDOULQJWKDWLVSODFHG
RYHUWKHEXUQHUJUDWHWRVXSSRUWWKHZRN7KLV
ULQJDFWVDVDKHDWWUDSZKLFKPD\GDPDJH
WKHEXUQHUJUDWHDQGEXUQHUKHDG$OVRLWPD\
FDXVHWKHEXUQHUWRZRUNLPSURSHUO\7KLVPD\
FDXVHDFDUERQPRQR[LGHOHYHODERYHWKDW
DOORZHGE\FXUUHQWVWDQGDUGVUHVXOWLQJLQD
KHDOWKKD]DUG
■)RRGVIRUIU\LQJVKRXOGEHDVGU\DVSRVVLEOH
)URVWRQIUR]HQIRRGVRUPRLVWXUHRQIUHVKIRRGV
FDQFDXVHKRWIDWWREXEEOHXSDQGRYHUWKH
VLGHVRIWKHSDQ
■1HYHUWU\WRPRYHDSDQRIKRWIDWHVSHFLDOO\D
GHHSIDWIU\HU:DLWXQWLOWKHIDWLVFRRO
■'RQRWOHDYHSODVWLFLWHPVRQWKHFRRNWRS³WKH\
PD\PHOWLIOHIWWRRFORVHWRWKHYHQW
■.HHSDOOSODVWLFVDZD\IURPWKHVXUIDFHEXUQHUV
■7RDYRLGWKHSRVVLELOLW\RIDEXUQDOZD\VEH
FHUWDLQWKDWWKHFRQWUROVIRUDOOEXUQHUVDUHDW
WKH2)) SRVLWLRQDQGDOOJUDWHVDUHFRROEHIRUH
DWWHPSWLQJWRUHPRYHWKHP
■ ,IUDQJHLVORFDWHGQHDUDZLQGRZGRQRWKDQJ
ORQJFXUWDLQVWKDWFRXOGEORZRYHUWKHVXUIDFH
EXUQHUVDQGFUHDWHDILUHKD]DUG
■,I\RXVPHOOJDVWXUQRIIWKHJDVWRWKHUDQJH
DQGFDOODTXDOLILHGVHUYLFHWHFKQLFLDQ1HYHUXVH
DQRSHQIODPHWRORFDWHDOHDN
■$OZD\VWXUQWKHVXUIDFHEXUQHUFRQWUROVRII
EHIRUHUHPRYLQJFRRNZDUH
■'RQRWOLIWWKHFRRNWRS/LIWLQJWKHFRRNWRSFDQ
OHDGWRGDPDJHDQGLPSURSHURSHUDWLRQRIWKH
UDQJH
:$51,1*
6$9(7+(6(,16758&7,216

,03257$176$)(7<,1)250$7,21
5($'$//,16758&7,216%()25(86,1*
■7KHSXUSRVHRIWKHZDUPLQJGUDZHUDQG
:$50=21(VHWWLQJRIWKHORZHURYHQ
GUDZHULVWRKROGKRWFRRNHGIRRGVDWVHUYLQJ
WHPSHUDWXUH$OZD\VVWDUWZLWKKRWIRRG
FROGIRRGFDQQRWEHKHDWHGRUFRRNHGLQWKH
ZDUPLQJGUDZHURUWKH:$50=21(VHWWLQJRI
WKHORZHURYHQGUDZHU
■'RQRWXVHWKHORZHURYHQGUDZHUWRGU\
QHZVSDSHUV,IRYHUKHDWHGWKH\FDQFDWFKRQ
ILUH
■'RQRWOHDYHSDSHUSURGXFWVSODVWLFVFDQQHG
IRRG
RUFRPEXVWLEOHPDWHULDOVLQWKHORZHURYHQ
GUDZHU
■1HYHUOHDYHMDUVRUFDQVRIIDWGULSSLQJVLQRU
QHDU
\RXUORZHURYHQGUDZHU
■'RQRWZDUPIRRGLQWKHORZHURYHQGUDZHUIRU
PRUHWKDQWZRKRXUV
■'RQRWWRXFKWKHKHDWLQJHOHPHQWRUWKH
LQWHULRUVXUIDFHRIWKHORZHURYHQGUDZHU7KHVH
VXUIDFHVPD\EHKRWHQRXJKWREXUQ
5(0(0%(57KHLQVLGHVXUIDFHRIWKHORZHU
RYHQGUDZHUPD\EHKRWZKHQWKHGUDZHULV
RSHQHG
■8VHFDUHZKHQRSHQLQJWKHORZHURYHQGUDZHU
2SHQWKHGUDZHUDFUDFNDQGOHWKRWDLURU
VWHDPHVFDSHEHIRUHUHPRYLQJRUUHSODFLQJ
IRRG+RWDLURUVWHDPZKLFKHVFDSHVFDQ
FDXVHEXUQVWRKDQGVIDFHDQGRUH\HV
■'RQRWXVHDOXPLQXPIRLOWROLQHWKHORZHU
RYHQGUDZHU)RLOLVDQH[FHOOHQWKHDWLQVXODWRU
DQGZLOOWUDSKHDWEHQHDWKLW7KLVZLOOXSVHW
WKHSHUIRUPDQFHRIWKHGUDZHUDQGLWFRXOG
GDPDJHWKHLQWHULRUILQLVK
(/(&75,&:$50,1*'5$:(5
$1'/2:(529(1'5$:(5RQVRPHPRGHOV
■$YRLGVFUDWFKLQJWKHJODVVFRRNWRSVXUIDFH7KH
JODVVVXUIDFHFDQEHVFUDWFKHGZLWKLWHPVVXFK
DVVKDUSLQVWUXPHQWVULQJVRURWKHUMHZHOU\DQG
ULYHWVRQFORWKLQJ
■'RQRWRSHUDWHWKHFRRNWRSLIWKHJODVVLV
EURNHQ
6SLOORYHUVRUFOHDQLQJVROXWLRQPD\
SHQHWUDWHDEURNHQFRRNWRSDQGFUHDWHDULVNRI
HOHFWULFDOVKRFN&RQWDFWDTXDOLILHGWHFKQLFLDQ
LPPHGLDWHO\VKRXOG\RXUJODVVFRRNWRSVXUIDFH
EHFRPHEURNHQ
■1HYHUXVHWKHJODVVFRRNWRSVXUIDFHDVD
FXWWLQJ
ERDUG
■'RQRWSODFHRUVWRUHLWHPVWKDWFDQPHOWRU
FDWFKILUHRQWKHJODVVFRRNWRSVXUIDFHHYHQ
ZKHQLWLVQRWEHLQJXVHG
■%HFDUHIXOZKHQSODFLQJVSRRQVRURWKHUVWLUULQJ
XWHQVLOVRQJODVVFRRNWRSVXUIDFHZKHQLWLVLQ
XVH7KH\PD\EHFRPHKRWDQGFRXOGFDXVH
EXUQV
■'RQRWSODFHRUVWRUHLWHPVWKDWFDQPHOWRU
FDWFKILUHRQWKHJUDWHVHYHQZKHQWKHFRRNWRS
LVQRWEHLQJXVHG
■&OHDQWKHFRRNWRSVXUIDFHZLWKFDXWLRQ,IDZHW
VSRQJHRUFORWKLVXVHGWRZLSHVSLOOVRQDKRW
VXUIDFHEHFDUHIXOWRDYRLGVWHDPEXUQV6RPH
FOHDQHUVFDQSURGXFHQR[LRXVIXPHVLIDSSOLHG
WRDKRWVXUIDFH
127(:HUHFRPPHQGWKDW\RXDYRLGZLSLQJ
DQ\VXUIDFHDUHDVXQWLOWKH\KDYHFRROHG6XJDU
VSLOOVDUHWKHH[FHSWLRQWRWKLV3OHDVHVHH
&OHDQLQJWKHJODVVFRRNWRSVXUIDFHVHFWLRQ
■:KHQWKHFRRNWRSVXUIDFHLVFRROXVHRQO\
&(5$0$%5<7(
&HUDPLF&RRNWRS&OHDQHUDQG
WKH&(5$0$%5<7(
&OHDQLQJ3DGWRFOHDQWKH
FRRNWRS
■7RDYRLGSRVVLEOHGDPDJHWRWKHFRRNLQJ
VXUIDFHGRQRWDSSO\FOHDQLQJFUHDPWRWKH
JODVVVXUIDFHZKHQLWLVKRW
■$IWHUFOHDQLQJXVHDGU\FORWKRUSDSHUWRZHOWR
UHPRYHDOOFOHDQLQJFUHDPUHVLGXH
■5HDGDQGIROORZDOOLQVWUXFWLRQVDQGZDUQLQJV
RQWKHFOHDQLQJFUHDPODEHOV
■1HYHUSODFHXVHRUVHOIFOHDQWKHORZHURYHQ
GUDZHUSDQLQWKHXSSHURYHQ
8VHFDUHZKHQWRXFKLQJWKHJODVVFRRNWRSVXUIDFH7KHJODVVVXUIDFHRIWKHFRRNWRSZLOOUHWDLQKHDWDIWHU
WKHFRQWUROVKDYHEHHQWXUQHGRII
*/$66&22.723685)$&(RQVRPHPRGHOV
6$9(7+(6(,16758&7,216

5($'$1')2//2:7+,66$)(7<,1)250$7,21&$5()8//<
6$9(7+(6(,16758&7,216
*($SSOLDQFHVFRP
■%HVXUHWRZLSHRIIH[FHVVVSLOODJHEHIRUHVHOI
FOHDQLQJRSHUDWLRQ
■%HIRUHVHOIFOHDQLQJWKHRYHQUHPRYHDQ\
EURLOHUSDQEURLOHUJULGDOOFRRNZDUHSUREHDQG
DQ\DOXPLQXPIRLO
■1HYHUSODFHXVHRUVHOIFOHDQWKHORZHURYHQ
GUDZHUSDQLQWKHXSSHURYHQ
■1LFNHORYHQVKHOYHVRQVRPHPRGHOVVKRXOGEH
UHPRYHGIURPWKHRYHQEHIRUHEHJLQQLQJWKH
VHOIFOHDQF\FOH
■*UD\SRUFHODLQFRDWHGRYHQVKHOYHVRQVRPH
PRGHOV
PD\EHFOHDQHGLQWKHRYHQGXULQJWKH
VHOIFOHDQF\FOH
■'RQRWFOHDQWKHGRRUJDVNHW7KHGRRUJDVNHWLV
HVVHQWLDOIRUDJRRGVHDO&DUHVKRXOGEHWDNHQQRW
WRUXEGDPDJHRUPRYHWKHJDVNHW
■&OHDQRQO\SDUWVOLVWHGLQWKLV2ZQHU·V0DQXDO
■,IWKHVHOIFOHDQLQJPRGHPDOIXQFWLRQVWXUQWKH
RYHQ
RIIDQGGLVFRQQHFWWKHSRZHUVXSSO\+DYHLW
VHUYLFHGE\DTXDOLILHGWHFKQLFLDQ
■'RQRWXVHRYHQFOHDQHUV1RFRPPHUFLDORYHQ
FOHDQHURURYHQOLQHURIDQ\NLQGVKRXOGEHXVHG
LQRUDURXQGDQ\SDUWRIWKHRYHQ5HVLGXHIURP
RYHQFOHDQHUVZLOOGDPDJHWKHLQVLGHRIWKHRYHQ
ZKHQWKHVHOIFOHDQF\FOHLVXVHG
6WDQGDZD\IURPWKHUDQJHZKHQRSHQLQJWKHGRRURIDKRWRYHQ7KHKRWDLUDQGVWHDPWKDWHVFDSHFDQ
FDXVHEXUQVWRKDQGVIDFHDQGH\HV
■'RQRWXVHWKHRYHQIRUDVWRUDJHDUHD,WHPV
VWRUHGLQWKHRYHQFDQLJQLWH
■.HHSWKHRYHQIUHHIURPJUHDVHEXLOGXS
■3ODFHWKHRYHQVKHOYHVLQWKHGHVLUHGSRVLWLRQ
ZKLOHWKHRYHQLVFRRO
■3XOOLQJRXWWKHVKHOIWRWKHVWRSORFNLVD
FRQYHQLHQFHLQOLIWLQJKHDY\IRRGV,WLVDOVRD
SUHFDXWLRQDJDLQVWEXUQVIURPWRXFKLQJKRW
VXUIDFHVRIWKHGRRURURYHQZDOOV7KHORZHVW
SRVLWLRQLVQRWGHVLJQHGWRVOLGH
■'RQRWKHDWXQRSHQHGIRRGFRQWDLQHUV3UHVVXUH
FRXOGEXLOGXSDQGWKHFRQWDLQHUFRXOGEXUVW
FDXVLQJDQLQMXU\
■'RQRWXVHDOXPLQXPIRLODQ\ZKHUHLQWKHRYHQ
H[FHSWDVGHVFULEHGLQWKLVPDQXDO0LVXVHFRXOG
UHVXOWLQDILUHKD]DUGRUGDPDJHWRWKHUDQJH
■:KHQXVLQJFRRNLQJRUURDVWLQJEDJVLQWKH
RYHQIROORZWKHPDQXIDFWXUHU·VGLUHFWLRQV
■'RQRWXVH\RXURYHQWRGU\QHZVSDSHUV,I
RYHUKHDWHGWKH\FDQFDWFKILUH
■8VHRQO\JODVVFRRNZDUHWKDWLVUHFRPPHQGHG
IRUXVHLQJDVRYHQV
■$OZD\VUHPRYHDQ\EURLOHUSDQIURPUDQJHDV
VRRQDV\RXILQLVKEURLOLQJ*UHDVHOHIWLQWKHSDQ
FDQFDWFKILUHLIRYHQLVXVHGZLWKRXWUHPRYLQJ
WKHJUHDVHIURPWKHEURLOHUSDQ
■:KHQEURLOLQJLIPHDWLVWRRFORVHWRWKHIODPH
WKHIDWPD\LJQLWH7ULPH[FHVVIDWWRSUHYHQW
H[FHVVLYHIODUHXSV
■0DNHVXUHDQ\EURLOHUSDQLVLQSODFHFRUUHFWO\WR
UHGXFHWKHSRVVLELOLW\RIJUHDVHILUHV
■,I\RXVKRXOGKDYHDJUHDVHILUHLQDEURLOHUSDQ
SUHVVWKH&/($52))SDGDQGNHHSWKHRYHQ
GRRUFORVHGWRFRQWDLQILUHXQWLOLWEXUQVRXW
■)RUVDIHW\DQGSURSHUFRRNLQJSHUIRUPDQFH
DOZD\VEDNHDQGEURLOZLWKWKHRYHQGRRUFORVHG
■1HYHUSODFHXVHRUVHOIFOHDQWKHORZHURYHQ
GUDZHUSDQLQWKHXSSHURYHQ
833(529(1
&22.0($7$1'328/75<7+2528*+/<«
&RRNPHDWDQGSRXOWU\WKRURXJKO\³PHDWWRDWOHDVWDQ,17(51$/WHPSHUDWXUHRI)DQGSRXOWU\
WRDWOHDVWDQ,17(51$/WHPSHUDWXUHRI)&RRNLQJWRWKHVHWHPSHUDWXUHVXVXDOO\SURWHFWVDJDLQVW
IRRGERUQHLOOQHVV
:$51,1*1(9(5FRYHUDQ\VORWV
KROHVRUSDVVDJHVLQWKHRYHQERWWRPRUFRYHU
DQHQWLUHUDFNZLWKPDWHULDOVVXFKDVDOXPLQXP
IRLO'RLQJVREORFNVDLUIORZWKURXJKWKHRYHQ
DQGPD\FDXVHFDUERQPRQR[LGHSRLVRQLQJ
$OXPLQXPIRLOOLQLQJVPD\DOVRWUDSKHDW
FDXVLQJDILUHKD]DUG
6(/)&/($1,1*7+(833(529(1

7KURXJKRXWWKLVPDQXDOIHDWXUHVDQGDSSHDUDQFHPD\YDU\IURP\RXUPRGHO
+RZWR/LJKWD*DV6XUIDFH%XUQHU
0DNHVXUHDOOWKHVXUIDFHEXUQHUVDUHSODFHGLQ
WKHLUUHVSHFWLYHSRVLWLRQV
3XVKWKHFRQWURONQRELQDQGWXUQLWWRWKH/,7(
SRVLWLRQ
<RXZLOOKHDUDOLWWOHFOLFNLQJQRLVH³
WKHVRXQGRIWKHHOHFWULFVSDUNLJQLWLQJWKH
EXUQHU
7XUQWKHNQREWRDGMXVWWKHIODPHVL]H,IWKH
NQREVWD\VDW/,7( LWZLOOFRQWLQXHWRFOLFN
:KHQRQHEXUQHULVWXUQHGWR/,7( DOOWKH
EXUQHUVVSDUN'RQRWDWWHPSWWRGLVDVVHPEOH
RUFOHDQDURXQGDQ\EXUQHUZKLOHDQRWKHU
EXUQHULVRQ$QHOHFWULFVKRFNPD\UHVXOWZKLFK
FRXOGFDXVH\RXWRNQRFNRYHUKRWFRRNZDUH
3XVKWKHFRQWURONQRELQDQGWXUQ
LWWRWKH/,7(SRVLWLRQ
+RZWR6HOHFW)ODPH6L]H
)RUVDIHKDQGOLQJRIFRRNZDUHQHYHUOHWWKH
IODPHVH[WHQGXSWKHVLGHVRIWKHFRRNZDUH
:DWFKWKHIODPHQRWWKHNQREDV\RXUHGXFH
KHDW:KHQIDVWKHDWLQJLVGHVLUHGWKHIODPH
VL]HRQDJDVEXUQHUVKRXOGPDWFKWKH
FRRNZDUH\RXDUHXVLQJ
)ODPHVODUJHUWKDQWKHERWWRPRIWKHFRRNZDUH
ZLOOQRWUHVXOWLQIDVWHUKHDWLQJRIWKHFRRNZDUH
DQGFRXOGEHKD]DUGRXV
%HIRUH/LJKWLQJD*DV%XUQHU
■0DNHVXUHDOOEXUQHUVDUHLQSODFH
■0DNHVXUHDOOJUDWHVRQWKHUDQJHDUH
SURSHUO\SODFHGEHIRUHXVLQJDQ\EXUQHU
$IWHU/LJKWLQJD*DV%XUQHU
■'RQRWRSHUDWHWKHEXUQHUIRUDQH[WHQGHG
SHULRGRIWLPHZLWKRXWFRRNZDUHRQWKH
JUDWH7KHILQLVKRQWKHJUDWHPD\FKLS
ZLWKRXWFRRNZDUHWRDEVRUEWKHKHDW
■%HVXUHWKHEXUQHUVDQGJUDWHVDUHFRRO
EHIRUH\RXSODFH\RXUKDQGDSRWKROGHU
FOHDQLQJFORWKVRURWKHUPDWHULDOVRQWKHP
6HDOHG*DV%XUQHUV
<RXUJDVUDQJHFRRNWRSKDVIRXUVHDOHGJDV
EXUQHUV7KH\RIIHUFRQYHQLHQFHFOHDQDELOLW\
DQGIOH[LELOLW\WREHXVHGLQDZLGHUDQJHRI
FRRNLQJDSSOLFDWLRQV
7KHVPDOOHVWEXUQHULQWKHULJKWUHDUSRVLWLRQLV
WKHVLPPHUEXUQHU7KLVEXUQHUFDQEHWXUQHG
GRZQWR/2IRUDYHU\ORZVLPPHUVHWWLQJ,W
SURYLGHVSUHFLVHFRRNLQJSHUIRUPDQFHIRU
GHOLFDWHIRRGVVXFKDVVDXFHVRUIRRGVWKDW
UHTXLUHORZKHDWIRUDORQJFRRNLQJWLPH
7KHPHGLXPOHIWUHDUDQGWKHODUJHOHIWIURQW
EXUQHUVDUHWKHSULPDU\EXUQHUVIRUPRVW
FRRNLQJ7KHVHJHQHUDOSXUSRVHEXUQHUVFDQEH
WXUQHGGRZQIURP+,WR/2WRVXLWDZLGHUDQJH
RIFRRNLQJQHHGV
7KHH[WUDODUJHEXUQHUULJKWIURQWLVWKH
PD[LPXPRXWSXWEXUQHU/LNHWKHRWKHUWKUHH
EXUQHUVLWFDQEHWXUQHGGRZQIURP+,WR/2IRU
DZLGHUDQJHRIFRRNLQJDSSOLFDWLRQVKRZHYHU
WKLVEXUQHULVGHVLJQHGWRTXLFNO\EULQJODUJH
DPRXQWVRIOLTXLGWRDERLO
8VLQJWKHJDVVXUIDFHEXUQHUV
0HGLXP
/DUJH
([WUD/DUJH
6PDOO

,Q&DVHRI3RZHU)DLOXUH
,QFDVHRIDSRZHUIDLOXUH\RXFDQOLJKWWKHJDV
VXUIDFHEXUQHUVRQ\RXUUDQJHZLWKDPDWFK
+ROGDOLWPDWFKWRWKHEXUQHUWKHQSXVKLQ
DQGWXUQWKHFRQWURONQREWRWKH/,7(SRVLWLRQ
8VHH[WUHPHFDXWLRQZKHQOLJKWLQJEXUQHUVWKLV
ZD\
6XUIDFHEXUQHUVLQXVHZKHQDQHOHFWULFDO
SRZHUIDLOXUHRFFXUVZLOOFRQWLQXHWRRSHUDWH
QRUPDOO\
*($SSOLDQFHVFRP
:RN7KLV:D\
:HUHFRPPHQGWKDW\RXXVHDLQFKRU
VPDOOHUIODWERWWRPHGZRN0DNHVXUHWKHZRN
ERWWRPVLWVIODWRQWKHJUDWH7KH\DUHDYDLODEOH
DW\RXUORFDOUHWDLOVWRUH
2QO\DIODWERWWRPHGZRNVKRXOGEHXVHG
'RQRWXVHDZRNVXSSRUWULQJ3ODFLQJWKH
ULQJRYHUWKHEXUQHURUJUDWHPD\FDXVHWKH
EXUQHUWRZRUNLPSURSHUO\UHVXOWLQJLQFDUERQ
PRQR[LGHOHYHOVDERYHDOORZDEOHVWDQGDUGV
7KLVFRXOGEHGDQJHURXVWR\RXUKHDOWK
8VHDIODWERWWRPHGZRN
6WRYH7RS*ULOOV
'RQRWXVHVWRYHWRSJULOOVRQ\RXUVHDOHGJDV
EXUQHUV,I\RXXVHWKHVWRYHWRSJULOORQWKH
VHDOHGJDVEXUQHULWZLOOFDXVHLQFRPSOHWH
FRPEXVWLRQDQGFDQUHVXOWLQH[SRVXUHWR
FDUERQPRQR[LGHOHYHOVDERYHDOORZDEOH
FXUUHQWVWDQGDUGV
7KLVFDQEHKD]DUGRXVWR\RXUKHDOWK
7RSRI5DQJH&RRNZDUH
$OXPLQXP 0HGLXPZHLJKWFRRNZDUHLV
UHFRPPHQGHGEHFDXVHLWKHDWVTXLFNO\
DQGHYHQO\0RVWIRRGVEURZQHYHQO\LQDQ
DOXPLQXPVNLOOHW8VHVDXFHSDQVZLWKWLJKW
ILWWLQJOLGVZKHQFRRNLQJZLWKPLQLPXP
DPRXQWVRIZDWHU
&DVW,URQ,IKHDWHGVORZO\PRVWVNLOOHWVZLOO
JLYHVDWLVIDFWRU\UHVXOWV
(QDPHOZDUH 8QGHUVRPHFRQGLWLRQVWKH
HQDPHORIVRPHFRRNZDUHPD\PHOW)ROORZ
FRRNZDUHPDQXIDFWXUHU·VUHFRPPHQGDWLRQVIRU
FRRNLQJPHWKRGV
*ODVV 7KHUHDUHWZRW\SHVRIJODVVFRRNZDUH³
WKRVHIRURYHQXVHRQO\DQGWKRVHIRUWRSRI
UDQJHFRRNLQJVDXFHSDQVFRIIHHDQGWHDSRWV
*ODVVFRQGXFWVKHDWYHU\VORZO\
+HDWSURRI*ODVV&HUDPLF &DQEHXVHGIRU
HLWKHUVXUIDFHRURYHQFRRNLQJ,WFRQGXFWV
KHDWYHU\VORZO\DQGFRROVYHU\VORZO\&KHFN
FRRNZDUHPDQXIDFWXUHU·VGLUHFWLRQVWREHVXUH
LWFDQEHXVHGRQJDVUDQJHV
6WDLQOHVV6WHHO 7KLVPHWDODORQHKDVSRRU
KHDWLQJSURSHUWLHVDQGLVXVXDOO\FRPELQHG
ZLWKFRSSHUDOXPLQXPRURWKHUPHWDOVIRU
LPSURYHGKHDWGLVWULEXWLRQ&RPELQDWLRQPHWDO
VNLOOHWVXVXDOO\ZRUNVDWLVIDFWRULO\LIWKH\DUH
XVHGZLWKPHGLXPKHDWDVWKHPDQXIDFWXUHU
UHFRPPHQGV

8VLQJWKHRYHQFRQWUROV
7KURXJKRXWWKLVPDQXDOIHDWXUHVDQGDSSHDUDQFHPD\YDU\IURP\RXUPRGHO
%DNH3DG
7RXFKWRVHOHFWWKHEDNHIXQFWLRQ
%URLO+L/R3DG
7RXFKWRVHOHFWWKHEURLOIXQFWLRQ
&RQYHFWLRQ%DNH0XOWL5DFN3DG
RQVRPHPRGHOV
7RXFKWRVHOHFWEDNLQJZLWKWKHFRQYHFWLRQ
IXQFWLRQ
&RQYHFWLRQ5RDVW3DGRQVRPHPRGHOV
7RXFKWRVHOHFWURDVWLQJZLWKWKHFRQYHFWLRQ
IXQFWLRQ
6WDUW3DG
0XVWEHWRXFKHGWRVWDUWDQ\FRRNLQJRUFOHDQLQJ
IXQFWLRQ
'LVSOD\
6KRZVWKHWLPHRIGD\RYHQWHPSHUDWXUHZKHWKHU
WKHRYHQLVLQWKHEDNHEURLORUVHOIFOHDQLQJPRGH
WKHWLPHVVHWIRUWKHWLPHURUDXWRPDWLFRYHQ
RSHUDWLRQVDQGLIWKHUDQJHLVORFNHG
,I´)²DQGDQXPEHURUOHWWHUµIODVKLQWKHGLVSOD\DQG
WKHRYHQFRQWUROVLJQDOVWKLVLQGLFDWHVDIXQFWLRQHUURU
FRGH7RXFKWKH&OHDU2IISDG$OORZWKHRYHQWRFRROIRU
RQHKRXU3XWWKHRYHQEDFNLQWRRSHUDWLRQ,IWKHIXQFWLRQ
HUURUFRGHUHSHDWVGLVFRQQHFWWKHSRZHUWRWKHRYHQDQG
FDOOIRUVHUYLFH
,I\RXURYHQZDVVHWIRUDWLPHGRYHQRSHUDWLRQDQGD
SRZHURXWDJHRFFXUUHGWKHFORFNDQGDOOSURJUDPPHG
IXQFWLRQVPXVWEHUHVHW
7KHWLPHRIGD\ZLOOIODVKLQWKHGLVSOD\ZKHQWKHUHKDV
EHHQDSRZHURXWDJH
6HOI&OHDQ3DG
7RXFKWRVHOHFWVHOIFOHDQLQJIXQFWLRQ6HHWKH
8VLQJWKHVHOIFOHDQLQJRYHQ VHFWLRQ
2YHQ/LJKW2Q2II3DG
7RXFKWRWXUQWKHRYHQOLJKWRQRURII
'HOD\6WDUW3DG
8VHDORQJZLWK&RRNLQJ7LPHRU6HOI&OHDQSDGV
WRVHWWKHRYHQWRVWDUWDQGVWRSDXWRPDWLFDOO\DWD
WLPH\RXVHW
&RRNLQJ7LPH3DG
7RXFKDQGWKHQWRXFKWKHQXPEHUSDGVWRVHWWKH
DPRXQWRIWLPH\RXZDQW\RXUIRRGWRFRRN7KH
RYHQZLOOVKXWRIIZKHQWKHFRRNLQJWLPHKDVUXQ
RXW
&OHDU2II3DG
7RXFKWRFDQFHO$//RYHQRSHUDWLRQVH[FHSWWKH
FORFNWLPHUDQG*DV&RQWURO/RFNRXWRU&RQWURO
/RFNRXWGHSHQGLQJRQPRGHO
&ORFN3DG
7RXFKEHIRUHVHWWLQJWKHFORFN
1XPEHU3DGV
8VHWRVHWDQ\IXQFWLRQUHTXLULQJQXPEHUVVXFK
DVWKHWLPHRIGD\RQWKHFORFNWKHWLPHUWKHRYHQ
WHPSHUDWXUHWKHLQWHUQDOIRRGWHPSHUDWXUHWKH
VWDUWWLPHDQGOHQJWKRIRSHUDWLRQIRUWLPHGEDNLQJ
DQGVHOIFOHDQLQJ
.LWFKHQ7LPHU2Q2II3DG
7RXFKWRVHOHFWWKHWLPHUIHDWXUH
3UREH3DG
7RXFKZKHQXVLQJWKHSUREHWRFRRNIRRG
&RQWURO/RFNRXW
7KHFRQWUROORFNRXWLVDQG7RXFKDQGKROGWKH
DQGSDGVDWWKHVDPHWLPHIRUVHFRQGV
2YHQ&RQWURO&ORFN7LPHUDQG)HDWXUHVRQVRPHPRGHOV
)HDWXUHVDSSHDUDQFHDQGSDGORFDWLRQVPD\YDU\

8VLQJWKHXSSHURYHQ *($SSOLDQFHVFRP
7RDYRLGSRVVLEOHEXUQVSODFHWKHVKHOYHVLQWKHGHVLUHGSRVLWLRQEHIRUH\RXWXUQWKHRYHQRQ
%HIRUH\RXEHJLQ«
7KHVKHOYHVKDYHVWRSORFNVVRWKDWZKHQ
SODFHGFRUUHFWO\RQWKHVKHOIVXSSRUWV$
WKURXJK(WKH\ZLOOVWRSEHIRUHFRPLQJ
FRPSOHWHO\RXWDQGZLOOQRWWLOW
:KHQSODFLQJDQGUHPRYLQJFRRNZDUHSXOOWKH
VKHOIRXWWRWKHEXPSRQWKHVKHOIVXSSRUW
7RUHPRYHDVKHOISXOOLWWRZDUG\RXWLOWWKH
IURQWHQGXSDQGSXOOLWRXW
7RUHSODFH SODFHWKHHQGRIWKHVKHOIVWRS
ORFNVRQWKHVXSSRUWWLOWXSWKHIURQWDQGSXVK
WKHVKHOILQ
127(7KHVKHOILVQRWGHVLJQHGWRVOLGHRXW
DWWKHVSHFLDOORZVKHOI5SRVLWLRQ
7KHRYHQKDVVKHOISRVLWLRQV
,WDOVRKDVDVSHFLDOORZVKHOI
SRVLWLRQ5IRUH[WUDODUJHLWHPV
VXFKDVDODUJHWXUNH\
3RZHU2XWDJH
&$87,21'RQRWPDNHDQ\DWWHPSWWRRSHUDWH
WKHHOHFWULFLJQLWLRQRYHQGXULQJDQHOHFWULFDO
SRZHUIDLOXUH
7KHRYHQRUEURLOHUFDQQRWEHOLWGXULQJDSRZHU
IDLOXUH*DVZLOOQRWIORZXQOHVVWKHJORZEDULV
KRW
,IWKHRYHQLVLQXVHZKHQDSRZHUIDLOXUH
RFFXUVWKHRYHQEXUQHUVKXWVRIIDQGFDQQRW
EHUHOLWXQWLOSRZHULVUHVWRUHG7KLVLVEHFDXVH
WKHIORZRIJDVLVDXWRPDWLFDOO\VWRSSHG
DQGZLOOQRWUHVXPHZKHQSRZHULVUHVWRUHG
XQWLOWKHJORZEDUKDVUHDFKHGRSHUDWLQJ
WHPSHUDWXUH
8SSHU2YHQ/LJKW
7RXFKWKH2YHQ/LJKWSDGRQWKHXSSHUFRQWURO
SDQHOWRWXUQWKHOLJKWRQRURII
2QVRPHPRGHOVWKH2YHQ/LJKWVZLWFKLVRQ
WKHORZHUIURQWFRQWUROSDQHO
8SSHU2YHQ9HQW
<RXURYHQLVYHQWHGWKURXJKGXFWVDWWKHUHDU
RIWKHUDQJH'RQRWEORFNWKHVHGXFWVZKHQ
FRRNLQJLQWKHRYHQ³LWLVLPSRUWDQWWKDWWKH
IORZRIKRWDLUIURPWKHRYHQDQGIUHVKDLU
WRWKHRYHQEXUQHUEHXQLQWHUUXSWHG$YRLG
WRXFKLQJWKHYHQWRSHQLQJVRUQHDUE\VXUIDFHV
GXULQJRYHQRUEURLOHURSHUDWLRQ³WKH\PD\
EHFRPHKRW
■+DQGOHVRISRWVDQGSDQVRQWKHFRRNWRS
PD\EHFRPHKRWLIOHIWWRRFORVHWRWKHYHQW
■'RQRWOHDYHSODVWLFRUIODPPDEOHLWHPVRQ
WKHFRRNWRS³WKH\PD\PHOWRULJQLWHLIOHIWWRR
FORVHWRWKHYHQW
■'RQRWOHDYHFORVHGFRQWDLQHUVRQWKH
FRRNWRS7KHSUHVVXUHLQFORVHGFRQWDLQHUV
PD\LQFUHDVHZKLFKPD\FDXVHWKHPWR
EXUVW
■0HWDOLWHPVZLOOEHFRPHYHU\KRWLIWKH\DUH
OHIWRQWKHFRRNWRSDQGFRXOGFDXVHEXUQV
3ODVWLFLWHPVRQWKHFRRNWRSPD\
PHOWLIOHIWWRRFORVHWRWKHYHQW
9HQWDSSHDUDQFHDQGORFDWLRQ
YDU\

3UHKHDWLQJDQG3DQ3ODFHPHQW
3UHKHDWWKHRYHQLIWKHUHFLSHFDOOVIRULW
7RSUHKHDWVHWWKHRYHQDWWKHFRUUHFW
WHPSHUDWXUH3UHKHDWLQJLVQHFHVVDU\ZKHQ
FRQYHFWLRQEDNLQJDQGIRUJRRGUHVXOWVZKHQ
EDNLQJFDNHVFRRNLHVSDVWU\DQGEUHDGV
)RURYHQVZLWKRXWDSUHKHDWLQGLFDWRUOLJKWRU
WRQHSUHKHDWPLQXWHV
%DNLQJUHVXOWVZLOOEHEHWWHULIEDNLQJSDQVDUH
FHQWHUHGLQWKHRYHQDVPXFKDVSRVVLEOH3DQV
VKRXOGQRWWRXFKHDFKRWKHURUWKHZDOOVRIWKH
RYHQ,I\RXQHHGWRXVHWZRVKHOYHVVWDJJHUWKH
SDQVVRRQHLVQRWGLUHFWO\DERYHWKHRWKHUDQG
OHDYHDSSUR[LPDWHO\
øµEHWZHHQSDQVIURP
WKHIURQWEDFNDQGVLGHVRIWKHZDOO
2YHQ0RLVWXUH
$V\RXURYHQKHDWVXSWKHWHPSHUDWXUHFKDQJH
RIWKHDLULQWKHRYHQPD\FDXVHZDWHUGURSOHWV
WRIRUPRQWKHGRRUJODVV7KHVHGURSOHWV
DUHKDUPOHVVDQGZLOOHYDSRUDWHDVWKHRYHQ
FRQWLQXHVWRKHDWXS
+RZWR6HWWKH8SSHU2YHQIRU%DNLQJRU5RDVWLQJ
<RXURYHQLVQRWGHVLJQHGIRURSHQGRRU
FRRNLQJ
7RXFKWKH%DNHSDG
7RXFKWKHQXPEHUSDGVWRVHWWKHGHVLUHG
WHPSHUDWXUH
7RXFKWKH6WDUW SDG
7KHZRUG21 DQG ZLOOEHGLVSOD\HG$V
WKHRYHQKHDWVXSWKHGLVSOD\ZLOOVKRZWKH
FKDQJLQJWHPSHUDWXUH:KHQWKHRYHQUHDFKHV
WKHWHPSHUDWXUH\RXVHWDWRQHZLOOVRXQG
7RFKDQJHWKHRYHQWHPSHUDWXUHGXULQJ%$.(
F\FOHSUHVVWKH%DNHSDGDQGWKHQWKHQXPEHU
SDGVWRJHWWKHQHZWHPSHUDWXUH
&KHFNIRRGIRUGRQHQHVVDWPLQLPXPWLPH
RQUHFLSH&RRNORQJHULIQHFHVVDU\
7RXFKWKH&OHDU2II SDGZKHQFRRNLQJLV
FRPSOHWH
7KHRYHQKDVDVSHFLDOORZVKHOI
5SRVLWLRQMXVWDERYHWKHRYHQ
ERWWRP8VHLWZKHQH[WUDFRRNLQJ
VSDFHLVQHHGHGIRUH[DPSOH
ZKHQFRRNLQJDODUJHWXUNH\7KH
VKHOILVQRWGHVLJQHGWRVOLGHRXW
DWWKLVSRVLWLRQ
8VLQJWKHXSSHURYHQ
,I\RXUPRGHOKDVDGRRUODWFKGRQRWORFNWKHRYHQGRRUZLWKWKHODWFKGXULQJEDNLQJRUURDVWLQJ
7KHODWFKLVXVHGIRUVHOIFOHDQLQJRQO\
$OXPLQXP)RLO
'RQRWXVHDOXPLQXPIRLOWROLQHRYHQERWWRPV
7KHIRLOZLOOWUDSKHDWEHORZDQGXSVHWWKH
SHUIRUPDQFHRIWKHRYHQ)RLOFDQPHOWDQG
SHUPDQHQWO\GDPDJHWKHRYHQERWWRP
'DPDJHIURPLPSURSHUXVHRIDOXPLQXPIRLOLV
QRWFRYHUHGE\WKHSURGXFWZDUUDQW\
)RLOPD\EHXVHGWRFDWFKVSLOOVE\SODFLQJD
VKHHWRQDORZHUUDFNVHYHUDOLQFKHVEHORZ
WKHIRRG'RQRWXVHPRUHIRLOWKDQQHFHVVDU\
DQGQHYHUHQWLUHO\FRYHUDQRYHQUDFNZLWK
DOXPLQXPIRLO.HHSIRLODWOHDVWµIURP
RYHQZDOOVWRSUHYHQWSRRUKHDWFLUFXODWLRQ
7\SHRI)RRG 6KHOI3RVLWLRQ
)UR]HQSLHVRQFRRNLHVKHHW %RU&
$QJHOIRRGFDNH $
EXQGWRUSRXQGFDNHV
%LVFXLWVPXIILQVEURZQLHV &
FRRNLHVFXSFDNHV
OD\HUFDNHVSLHV
&DVVHUROHV %RU&
5RDVWLQJ 5RU$

*($SSOLDQFHVFRP
%URLOLQJ*XLGH
+RZWR6HWWKH8SSHU2YHQIRU%URLOLQJ
3ODFHWKHPHDWRUILVKRQDEURLOHUJULGLQD
EURLOHUSDQ
)ROORZVXJJHVWHGVKHOISRVLWLRQVLQWKH
%URLOLQJ*XLGH
7KHRYHQGRRUPXVWEHFORVHGGXULQJ
EURLOLQJ
7RXFKWKH%URLO+L/RSDGRQFHIRU+L
%URLO
7RFKDQJHWR/R%URLOWRXFKWKH%URLO+L
/RSDGDJDLQ
7RXFKWKH6WDUWSDG
)RURSWLPDOVHDULQJSUHKHDWWKHRYHQ
IRUPLQXWHVEHIRUHDGGLQJIRRG
:KHQEURLOLQJLVILQLVKHGWRXFKWKH&OHDU
2IISDG
6HUYHWKHIRRGLPPHGLDWHO\DQGOHDYHWKHSDQ
RXWVLGHWKHRYHQWRFRROGXULQJWKHPHDOIRU
HDVLHVWFOHDQLQJ
8VH/R%URLOWRFRRNIRRGVVXFKDVSRXOWU\
RUWKLFNFXWVRIPHDWWKRURXJKO\ZLWKRXWRYHU
EURZQLQJWKHP
7KHVL]HZHLJKWWKLFNQHVV
VWDUWLQJWHPSHUDWXUHDQG
\RXUSUHIHUHQFHRIGRQHQHVV
ZLOODIIHFWEURLOLQJWLPHV7KLV
JXLGHLVEDVHGRQPHDWVDW
UHIULJHUDWRUWHPSHUDWXUH
7KH86'HSDUWPHQWRI
$JULFXOWXUHVD\V´5DUHEHHILV
SRSXODUEXW\RXVKRXOGNQRZWKDW
FRRNLQJLWWRRQO\)PHDQV
VRPHIRRGSRLVRQLQJRUJDQLVPV
PD\VXUYLYHµ6RXUFH6DIH)RRG
%RRN<RXU.LWFKHQ*XLGH86'$
5HY-XQH
7KHRYHQKDVVKHOISRVLWLRQV
,I\RXUPRGHOKDVDGRRUODWFKGRQRWORFNWKHRYHQGRRUZLWKWKHODWFKGXULQJEURLOLQJ
7KHODWFKLVXVHGIRUVHOIFOHDQLQJRQO\
&ORVHWKHGRRU$OZD\VEURLOZLWK
WKHGRRUFORVHG
,QJHQHUDOKLJKHUUDFNSRVLWLRQV
\LHOGGDUNHUH[WHUQDOVHDULQJ
DQGORZHUSRVLWLRQV\LHOGPRUH
GRQHQHVV
'XHWRWKHYDULHW\RIPHDWVDQGFXWVDYDLODEOH\RXPD\VHOHFWDOWHUQDWHUDFNSRVLWLRQVEDVHGRQSHUVRQDO
SUHIHUHQFHRIGRQHQHVVDQGH[WHUQDOVHDULQJ6HHLOOXVWUDWLRQIRUGHVFULSWLRQRIUDFNSRVLWLRQV
)RRG 'RQHQHVV
7\SHRU
7KLFNQHVV
%URLO
6HWWLQJ
5DFN
3RVLWLRQ
&RPPHQWV
%HHI 5DUH0HGLXP
5DUH
))
6WHDNV
µWKLFN
+L ( 6WHDNVOHVVWKDQµ
WKLFNDUHGLIILFXOWWR
FRRNUDUH7KH\PD\
FRRNWKURXJKEHIRUH
EURZQLQJ
7RDYRLGFXUOLQJVODVK
IDWDWµLQWHUYDOV
0HGLXP
)
6WHDNV
µWRµWKLFN
+L '(
:HOO'RQH
)
6WHDNV
µWRµWKLFN
+L '
0HGLXP
)
*URXQG%HHI
3DWWLHV
µWRµWKLFN
+L '(
:HOO'RQH
)
*URXQG%HHI
3DWWLHV
µWRµWKLFN
+L '
&KLFNHQ %UHDVWERQHOHVV /R % %URLOVNLQVLGHGRZQ
ILUVW
%UHDVWERQHLQ /R %
)LVKILOOHWV µWRµWKLFN +L ' +DQGOHDQGWXUQYHU\
FDUHIXOO\
/R '
3RUN
FKRSV
:HOO'RQH
)
µWKLFN +L ' 7RDYRLGFXUOLQJVODVK
IDWDWµLQWHUYDOV

0DNHVXUHWKHFORFNLVVHWWRWKH
FRUUHFWWLPHRIGD\
7KHWLPHULVDPLQXWHWLPHURQO\
7KH&OHDU2IISDGGRHVQRWDIIHFW
WKHWLPHU
1RWDOOIHDWXUHVDUHRQDOOPRGHOV
7R6HWWKH&ORFN
7KHFORFNPXVWEHVHWWRWKHFRUUHFWWLPH
RIGD\IRUWKHDXWRPDWLFRYHQWLPLQJIXQFWLRQV
WRZRUNSURSHUO\7KHWLPHRIGD\FDQQRWEH
FKDQJHGGXULQJDWLPHGEDNLQJRUVHOIFOHDQLQJ
F\FOH
7RXFKWKH&ORFN SDG
7RXFKWKHQXPEHUSDGV
7RXFKWKHQXPEHUSDGVWKHVDPHZD\\RX
UHDGWKHP)RUH[DPSOHWRVHWWRXFKWKH
QXPEHUSDGVDQGLQWKDWRUGHU
,IQXPEHUSDGVDUHQRWWRXFKHGZLWKLQRQH
PLQXWHDIWHU\RXWRXFKWKH&ORFNSDGWKH
GLVSOD\UHYHUWVWRWKHRULJLQDOVHWWLQJ,IWKLV
KDSSHQVWRXFKWKH&ORFN SDGDQGUHHQWHUWKH
WLPHRIGD\
7RXFKWKH6WDUW SDGXQWLOWKHWLPHRIGD\
VKRZVLQWKHGLVSOD\7KLVHQWHUVWKHWLPH
DQGVWDUWVWKHFORFN
7RFKHFNWKHWLPHRIGD\ZKHQWKHGLVSOD\LV
VKRZLQJRWKHULQIRUPDWLRQVLPSO\WRXFKWKH
&ORFNSDG7KHWLPHRIGD\VKRZVXQWLODQRWKHU
SDGLVWRXFKHG
7R6HWWKH7LPHU
7KHWLPHUGRHVQRWFRQWURORYHQRSHUDWLRQV
7KHPD[LPXPVHWWLQJRQWKHWLPHULVKRXUV
DQGPLQXWHV
7RXFKWKH.LWFKHQ7LPHU2Q2II SDG
7RXFKWKHQXPEHUSDGVXQWLOWKHDPRXQW
RIWLPH\RXZDQWVKRZVLQWKHGLVSOD\7KH
PD[LPXPQXPEHURIPLQXWHVWKDWFDQEH
HQWHUHGLV7RVHWDGGLWLRQDOWLPH\RX
ZLOOQHHGWRVHWLWE\KRXUVDQGPLQXWHV
)RUH[DPSOHWRHQWHUKRXUDQG
PLQXWHVWRXFKDQGLQWKDWRUGHU
,I\RXPDNHDPLVWDNHSUHVVWKH.LWFKHQ7LPHU
2Q2IISDGDQGEHJLQDJDLQ
7RXFKWKH6WDUW SDG$IWHUSUHVVLQJWKH
6WDUWSDG6(7 GLVDSSHDUVWKLVWHOOV\RX
WKHWLPHLVFRXQWLQJGRZQDOWKRXJKWKH
GLVSOD\GRHVQRWFKDQJHXQWLORQHPLQXWH
KDVSDVVHG
:KHQWKHWLPHUUHDFKHV WKHFRQWURO
ZLOOEHHSWLPHVIROORZHGE\RQHEHHS
HYHU\VHFRQGVXQWLOWKH.LWFKHQ7LPHU
2Q2IISDGLVWRXFKHG
7KHVHFRQGWRQHFDQEHFDQFHOHGE\IROORZLQJ
WKHVWHSVLQWKH6SHFLDOIHDWXUHVRI\RXURYHQ
FRQWUROVHFWLRQXQGHU7RQHVDWWKH(QGRID
7LPHG&\FOH
8VLQJWKHFORFNDQGWLPHU
7R5HVHWWKH7LPHU
,IWKHGLVSOD\LVVWLOOVKRZLQJWKHWLPHUHPDLQLQJ
\RXPD\FKDQJHLWE\WRXFKLQJWKH.LWFKHQ
7LPHU2Q2II SDGWKHQWRXFKWKHQXPEHU
SDGVXQWLOWKHWLPH\RXZDQWDSSHDUVLQWKH
GLVSOD\
,IWKHUHPDLQLQJWLPHLVQRWLQWKHGLVSOD\FORFN
GHOD\VWDUWRUFRRNLQJWLPHDUHLQWKHGLVSOD\
UHFDOOWKHUHPDLQLQJWLPHE\WRXFKLQJWKH
.LWFKHQ7LPHU2Q2II SDGDQGWKHQWRXFKLQJ
WKHQXPEHUSDGVWRHQWHUWKHQHZWLPH\RX
ZDQW
7R&DQFHOWKH7LPHU
7RXFKWKH.LWFKHQ7LPHU2Q2IISDGWZLFH
,IDIODVKLQJWLPHLVLQWKHGLVSOD\\RXKDYH
H[SHULHQFHGDSRZHUIDLOXUH5HVHWWKHFORFN
7RUHVHWWKHFORFNWRXFKWKH&ORFN SDG
(QWHUWKHFRUUHFWWLPHRIGD\E\WRXFKLQJWKH
DSSURSULDWHQXPEHUSDGV7RXFKWKH6WDUW SDG
3RZHU2XWDJH

8VLQJWKHWLPHGEDNLQJDQGURDVWLQJIHDWXUHVXSSHURYHQRQO\ *($SSOLDQFHVFRP
,I\RXUPRGHOKDVDGRRUODWFKGRQRWORFNWKHRYHQGRRUZLWKWKHODWFKGXULQJWLPHGFRRNLQJ7KHODWFKLVXVHGIRU
VHOIFOHDQLQJRQO\
127()RRGVWKDWVSRLOHDVLO\³VXFKDVPLONHJJVILVKVWXIILQJVSRXOWU\DQGSRUN³VKRXOGQRWEHDOORZHGWRVLWIRUPRUH
WKDQKRXUEHIRUHRUDIWHUFRRNLQJ5RRPWHPSHUDWXUHSURPRWHVWKHJURZWKRIKDUPIXOEDFWHULD%HVXUHWKDWWKHRYHQ
OLJKWLVRIIEHFDXVHKHDWIURPWKHEXOEZLOOVSHHGKDUPIXOEDFWHULDJURZWK
+RZWR6HWDQ,PPHGLDWH6WDUWDQG$XWRPDWLF6WRS
7KHXSSHURYHQZLOOWXUQRQLPPHGLDWHO\DQGFRRNIRU
DVHOHFWHGOHQJWKRIWLPH$WWKHHQGRIWKHFRRNLQJ
WLPHWKHRYHQZLOOWXUQRIIDXWRPDWLFDOO\
7RXFKWKH%DNHSDG
7RXFKWKHQXPEHUSDGVWRVHWWKHGHVLUHGRYHQ
WHPSHUDWXUH
7RXFKWKH&RRNLQJ7LPHSDG
127(,I\RXUUHFLSHUHTXLUHVSUHKHDWLQJ\RX
PD\QHHGWRDGGDGGLWLRQDOWLPHWRWKHOHQJWKRIWKH
FRRNLQJWLPH
7RXFKWKHQXPEHUSDGVWRVHWWKHGHVLUHG
OHQJWKRIFRRNLQJWLPH7KHPLQLPXPFRRNLQJ
WLPH\RXFDQVHWLVPLQXWH
7KHRYHQWHPSHUDWXUHWKDW\RXVHWDQGWKH
FRRNLQJWLPHWKDW\RXHQWHUHGZLOOEHLQWKH
GLVSOD\
7RXFKWKH6WDUWSDG
7KHRYHQZLOOWXUQ21DQGWKHGLVSOD\ZLOOVKRZ
WKHFRRNLQJWLPHFRXQWGRZQDQGWKHFKDQJLQJ
WHPSHUDWXUHVWDUWLQJDW)7KHWHPSHUDWXUH
GLVSOD\ZLOOVWDUWWRFKDQJHRQFHWKHRYHQ
WHPSHUDWXUHUHDFKHV):KHQWKHRYHQUHDFKHV
WKHWHPSHUDWXUH\RXVHWEHHSVZLOOVRXQG
7KHRYHQZLOOFRQWLQXHWRFRRNIRUWKHVHWDPRXQW
RIWLPHWKHQWXUQRIIDXWRPDWLFDOO\XQOHVVWKH&RRN
DQG+ROGIHDWXUHZDVVHW6HHWKH6SHFLDOIHDWXUHV
RI\RXURYHQFRQWUROVHFWLRQ
$IWHUWKHRYHQWXUQVRIIWKHHQGRIF\FOHWRQHZLOO
VRXQG
7RXFKWKH&OHDU2IISDGWRFOHDUWKHGLVSOD\LI
QHFHVVDU\5HPRYHWKHIRRGIURPWKHRYHQ
5HPHPEHUHYHQWKRXJKWKHRYHQWXUQVRII
DXWRPDWLFDOO\IRRGOHIWLQWKHRYHQZLOO
FRQWLQXHFRRNLQJDIWHUWKHRYHQWXUQVRII
+RZWR6HWD'HOD\HG6WDUWDQG$XWRPDWLF6WRS
7KHXSSHURYHQZLOOWXUQRQDWWKHWLPHRIGD\\RX
VHWFRRNIRUDVSHFLILFOHQJWKRIWLPHDQGWKHQWXUQRII
DXWRPDWLFDOO\
0DNHVXUHWKHFORFNVKRZVWKHFRUUHFWWLPHRIGD\
7RXFKWKH%DNHSDG
7RXFKWKHQXPEHUSDGVWRVHWWKHGHVLUHGRYHQ
WHPSHUDWXUH
7RXFKWKH&RRNLQJ7LPHSDG
127(,I\RXUUHFLSHUHTXLUHVSUHKHDWLQJ\RXPD\
QHHGWRDGGDGGLWLRQDOWLPHWRWKHOHQJWKRIWKH
FRRNLQJWLPH
7RXFKWKHQXPEHUSDGVWRVHWWKHGHVLUHG
OHQJWKRIFRRNLQJWLPH7KHPLQLPXPFRRNLQJ
WLPH\RXFDQVHWLVPLQXWH
7KHRYHQWHPSHUDWXUHWKDW\RXVHWDQGWKH
FRRNLQJWLPHWKDW\RXHQWHUHGZLOOEHLQWKH
GLVSOD\
7RXFKWKH'HOD\6WDUWSDG
7RXFKWKHQXPEHUSDGVWRVHWWKHWLPHRIGD\
\RXZDQWWKHRYHQWRWXUQRQDQGVWDUW
FRRNLQJ
7RXFKWKH6WDUWSDG
127($QDWWHQWLRQWRQHZLOOVRXQGLI\RXDUHXVLQJ
WLPHGEDNLQJDQGGRQRWWRXFKWKH6WDUWSDG
127(,I\RXZRXOGOLNHWRFKHFNWKHWLPHV\RXKDYH
VHWWRXFKWKH'HOD\6WDUWSDGWRFKHFNWKHVWDUW
WLPH\RXKDYHVHWRUWRXFKWKH&RRNLQJ7LPH SDGWR
FKHFNWKHOHQJWKRIFRRNLQJWLPH\RXKDYHVHW
:KHQWKHRYHQWXUQV21DWWKHWLPHRIGD\
\RXVHWWKHGLVSOD\ZLOOVKRZWKHFRRNLQJWLPH
FRXQWGRZQDQGWKHFKDQJLQJWHPSHUDWXUH
VWDUWLQJDW)7KHWHPSHUDWXUHGLVSOD\ZLOO
VWDUWWRFKDQJHRQFHWKHRYHQWHPSHUDWXUH
UHDFKHV):KHQWKHRYHQUHDFKHVWKH
WHPSHUDWXUH\RXVHWEHHSVZLOOVRXQG
7KHRYHQZLOOFRQWLQXHWRFRRNIRUWKHVHWDPRXQW
RIWLPHWKHQWXUQRIIDXWRPDWLFDOO\XQOHVVWKH&RRN
DQG+ROGIHDWXUHZDVVHW6HHWKH6SHFLDOIHDWXUHV
RI\RXURYHQFRQWUROVHFWLRQ
$IWHUWKHRYHQWXUQVRIIWKHHQGRIF\FOHWRQHZLOO
VRXQG
7RXFKWKH&OHDU2IISDGWRFOHDUWKHGLVSOD\LI
QHFHVVDU\5HPRYHWKHIRRGIURPWKHRYHQ
5HPHPEHUHYHQWKRXJKWKHRYHQWXUQVRII
DXWRPDWLFDOO\IRRGOHIWLQWKHRYHQZLOO
FRQWLQXHFRRNLQJDIWHUWKHRYHQWXUQVRII

,I\RXUPRGHOKDVDGRRUODWFKGRQRWORFNWKHRYHQGRRUZLWKWKHODWFKZKLOHFRRNLQJZLWKWKHSUREH7KHODWFKLVXVHGIRU
VHOIFOHDQLQJRQO\
)RUPDQ\IRRGVHVSHFLDOO\URDVWVDQGSRXOWU\LQWHUQDOIRRGWHPSHUDWXUHLVWKHEHVWWHVWIRUGRQHQHVV7KHWHPSHUDWXUH
SUREHWDNHVWKHJXHVVZRUNRXWRIFRRNLQJIRRGVWRWKHH[DFWGRQHQHVV\RXZDQW
8VHRISUREHVRWKHUWKDQWKHRQHSURYLGHGZLWK
WKLVSURGXFWPD\UHVXOWLQGDPDJHWRWKHSUREH
8VHWKHKDQGOHVRIWKHSUREHDQGSOXJZKHQ
LQVHUWLQJDQGUHPRYLQJWKHPIURPWKHIRRGDQG
RXWOHW
■ 7RDYRLGGDPDJLQJ\RXUSUREHGRQRWXVH
WRQJVWRSXOORQWKHFDEOHZKHQUHPRYLQJLW
■ 7RDYRLGEUHDNLQJWKHSUREHPDNHVXUHIRRGLV
FRPSOHWHO\GHIURVWHGEHIRUHLQVHUWLQJ
■ 7RSUHYHQWSRVVLEOHEXUQVGRQRWXQSOXJWKH
SUREHIURPWKHRXWOHWXQWLOWKHRYHQKDVFRROHG
■ 1HYHUOHDYH\RXUSUREHLQVLGHWKHRYHQGXULQJ
DVHOIFOHDQLQJF\FOH
■ 'RQRWVWRUHWKHSUREHLQWKHRYHQ
7KHWHPSHUDWXUHSUREHKDVD
VNHZHUOLNHSUREHDWRQHHQGDQG
DSOXJDWWKHRWKHUHQGWKDWJRHV
LQWRWKHRXWOHWLQWKHRYHQ
$IWHUSUHSDULQJWKHPHDWDQGSODFLQJLWRQ
DWULYHWRURQDEURLOHUSDQJULGIROORZWKHVH
GLUHFWLRQVIRUSURSHUSUREHSODFHPHQW
,QVHUWWKHSUREHFRPSOHWHO\LQWRWKHPHDW
,WVKRXOGQRWWRXFKWKHERQHIDWRUJULVWOH
)RUURDVWVZLWKQRERQHLQVHUWWKHSUREHLQWR
WKHPHDWLHVWSDUWRIWKHURDVW)RUERQHLQKDP
RUODPELQVHUWWKHSUREHLQWRWKHFHQWHURIWKH
ORZHVWODUJHPXVFOH
,QVHUWWKHSUREHLQWRWKHFHQWHURIGLVKHVVXFK
DVPHDWORDIRUFDVVHUROHV
,QVHUWWKHSUREHLQWRWKHPHDWLHVWSDUWRIWKH
LQQHUWKLJKIURPEHORZDQGSDUDOOHOWRWKHOHJRI
DZKROHWXUNH\
+RZWR6HWWKH8SSHU2YHQ)RU&RRNLQJ:KHQ8VLQJWKH3UREH
,QVHUWWKHSUREHLQWRWKHIRRG
3OXJWKHSUREHLQWRWKHRXWOHWLQWKHRYHQ
0DNHVXUHLW·VSXVKHGDOOWKHZD\LQ&ORVH
WKHRYHQGRRU
7RXFKWKH3UREH SDG
7RXFKWKHQXPEHUSDGVWRVHWWKHGHVLUHG
LQWHUQDOIRRGRUPHDWWHPSHUDWXUH
EHWZHHQ)DQG)
7RXFKWKH%DNHSDG
7RXFKWKHQXPEHUSDGVWRVHWWKHGHVLUHG
RYHQWHPSHUDWXUH
7RXFKWKH6WDUW SDG
7KHGLVSOD\ZLOOIODVKLIWKHSUREHLVLQVHUWHG
LQWRWKHRXWOHWDQG\RXKDYHQRWVHWDSUREH
WHPSHUDWXUHDQGWRXFKHGWKH6WDUWSDG
7KHGLVSOD\ZLOOVKRZ/2XQWLOWKHLQWHUQDO
WHPSHUDWXUHRIWKHIRRGUHDFKHV)WKHQ
WKHFKDQJLQJLQWHUQDOWHPSHUDWXUHZLOOEH
VKRZQ
:KHQWKHLQWHUQDOWHPSHUDWXUHRIWKHIRRG
UHDFKHVWKHQXPEHU\RXKDYHVHWWKH
SUREHDQGWKHRYHQWXUQRIIDQGWKHRYHQ
FRQWUROVLJQDOV7RVWRSWKHVLJQDOWRXFK
WKH&OHDU2IISDG8VHKRWSDGVWRUHPRYH
WKHSUREHIURPWKHIRRG'RQRWXVHWRQJV
WRSXOORQLW³WKH\PLJKWGDPDJHLW
7RFKDQJHWKHRYHQWHPSHUDWXUHGXULQJSUREH
FRRNLQJWRXFKWKH%DNHSDGDQGWKHQWKH
QXPEHUSDGVWRVHWWKHQHZWHPSHUDWXUH
■,IWKHSUREHLVUHPRYHGIURPWKHIRRGEHIRUH
WKHILQDOWHPSHUDWXUHLVUHDFKHGDWRQHZLOO
VRXQGDQGWKHGLVSOD\ZLOOIODVKXQWLOWKHSUREH
LVUHPRYHGIURPWKHRYHQ
■<RXFDQXVHWKHWLPHUHYHQWKRXJK\RX
FDQQRWXVHWLPHGRYHQRSHUDWLRQVZKLOH
XVLQJWKHSUREH
3OXJ
&DEOH
+DQGOHV
8VLQJWKHSUREHRQVRPHPRGHOV

8VLQJWKHFRQYHFWLRQRYHQXSSHURYHQRQO\ *($SSOLDQFHVFRP
,I\RXUPRGHOKDVDGRRUODWFKGRQRWORFNWKHRYHQGRRUZLWKWKHODWFKGXULQJFRQYHFWLRQFRRNLQJ7KHODWFKLVXVHGIRU
VHOIFOHDQLQJRQO\
7KHFRQYHFWLRQRYHQIDQVKXWVRIIZKHQWKHRYHQGRRULVRSHQHG'2127OHDYHWKHGRRURSHQIRUORQJSHULRGVRIWLPH
ZKLOHXVLQJFRQYHFWLRQFRRNLQJ
7RKHOS\RXXQGHUVWDQGWKHGLIIHUHQFHEHWZHHQ
FRQYHFWLRQEDNHDQGURDVWDQGWUDGLWLRQDOEDNH
DQGURDVWKHUHDUHVRPHJHQHUDOJXLGHOLQHV
&RQYHFWLRQ%DNH
■3UHKHDWWKHRYHQ6HHWKH8VLQJWKH2YHQ²
3UHKHDWLQJDQG3DQ3ODFHPHQWVHFWLRQ
■,GHDOIRUIRRGVFRRNHGRQPXOWLSOHVKHOYHV
■*RRGIRUODUJHTXDQWLWLHVRIEDNHGIRRGV
■*RRGUHVXOWVZLWKFRRNLHVELVFXLWVEURZQLHV
FXSFDNHVFUHDPSXIIVVZHHWUROOVDQJHOIRRG
FDNHDQGEUHDG
7KHFRQYHFWLRQIDQFLUFXODWHVWKHKHDWHGDLU
HYHQO\RYHUDQGDURXQGWKHIRRG
&RQYHFWLRQ5RDVW
■*RRGIRUODUJHWHQGHUFXWVRIPHDWXQFRYHUHG
7KHFRQYHFWLRQIDQFLUFXODWHVWKHKHDWHGDLU
HYHQO\RYHUDQGDURXQGWKHIRRG0HDWDQG
SRXOWU\DUHEURZQHGRQDOOVLGHVDVLIWKH\
ZHUHFRRNHGRQDURWLVVHULH+HDWHGDLUZLOOEH
FLUFXODWHGRYHUXQGHUDQGDURXQGWKHIRRG
EHLQJURDVWHG7KHKHDWHGDLUVHDOVLQMXLFHV
TXLFNO\IRUDPRLVWDQGWHQGHUSURGXFWZKLOH
DWWKHVDPHWLPHFUHDWLQJDULFKJROGHQEURZQ
H[WHULRU
5RDVWVRUSRXOWU\VKRXOGEHFRRNHGRQVKHOI
SRVLWLRQ$
:KHQ\RXDUHFRQYHFWLRQURDVWLQJLWLV
LPSRUWDQWWKDW\RXXVHDEURLOHUSDQDQGJULG
IRUEHVWFRQYHFWLRQURDVWLQJUHVXOWV7KHSDQLV
XVHGWRFDWFKJUHDVHVSLOOVDQGWKHJULGLVXVHG
WRSUHYHQWJUHDVHVSDWWHUV
3ODFHWKHVKHOILQVKHOISRVLWLRQ$
,QDFRQYHFWLRQRYHQDIDQ
FLUFXODWHVKRWDLURYHUXQGHUDQG
DURXQGWKHIRRG7KLVFLUFXODWLQJ
KRWDLULVHYHQO\GLVWULEXWHG
WKURXJKRXWWKHRYHQFDYLW\$VD
UHVXOWIRRGVDUHHYHQO\FRRNHGDQG
EURZQHG³RIWHQLQOHVVWLPHWKDQ
ZLWKUHJXODUKHDW
$XWR5HFLSH
&RQYHUVLRQ
<RXFDQXVH\RXUIDYRULWHUHFLSHVLQWKH
FRQYHFWLRQRYHQ
:KHQXVLQJ&219(&7,21%$.(WKHRYHQZLOO
DXWRPDWLFDOO\FRQYHUWWKHRYHQWHPSHUDWXUH
IURPUHJXODUEDNLQJWR&RQYHFWLRQ%DNH
WHPSHUDWXUHV
8VLQJWKHQXPEHUSDGVHQWHUWKH
WHPSHUDWXUHUHFRPPHQGHGLQWKHUHFLSH
7RXFKWKH6WDUW SDG
7KHGLVSOD\ZLOOVKRZWKHWHPSHUDWXUH
\RXHQWHUHGIURP\RXUUHFLSH7KHRYHQ
ZLOODXWRPDWLFDOO\FRQYHUWLWWRWKH
FRQYHFWLRQFRRNLQJWHPSHUDWXUH
7RXFKWKH&OHDU2II SDGZKHQEDNLQJLV
ILQLVKHG
■ 8VHSDQVL]HUHFRPPHQGHGLQWKHUHFLSH
■ 6RPHSDFNDJHLQVWUXFWLRQVIRUIUR]HQ
FDVVHUROHV
PDLQGLVKHVRUEDNHGJRRGV
KDYHEHHQGHYHORSHGXVLQJFRPPHUFLDO
FRQYHFWLRQRYHQV)RUEHVWUHVXOWVLQ
WKLVRYHQSUHKHDWWKHRYHQDQGXVHWKH
WHPSHUDWXUHIRUUHJXODUEDNLQJRQWKH
SDFNDJH

&RRNZDUHIRU&RQYHFWLRQ&RRNLQJ
%HIRUHXVLQJ\RXUFRQYHFWLRQRYHQFKHFN
WRVHHLI\RXUFRRNZDUHOHDYHVURRPIRUDLU
FLUFXODWLRQLQWKHRYHQ,I\RXDUHEDNLQJZLWK
VHYHUDOSDQVOHDYHVSDFHEHWZHHQWKHP$OVR
EHVXUHWKHSDQVGRQRWWRXFKHDFKRWKHURUWKH
ZDOOVRIWKHRYHQ
3DSHUDQG3ODVWLF
+HDWUHVLVWDQWSDSHUDQGSODVWLFFRQWDLQHUVWKDW
DUHUHFRPPHQGHGIRUXVHLQUHJXODURYHQVFDQ
EHXVHGLQFRQYHFWLRQRYHQV3ODVWLFFRRNZDUH
WKDWLVKHDWUHVLVWDQWWRWHPSHUDWXUHVRI)
FDQDOVREHXVHGZKHQRYHQLVEHORZ)
0HWDODQG*ODVV
$Q\W\SHRIFRRNZDUHZLOOZRUNLQ\RXU
FRQYHFWLRQRYHQ+RZHYHUPHWDOSDQVKHDWWKH
IDVWHVWDQGDUHUHFRPPHQGHGIRUFRQYHFWLRQ
EDNLQJ
■'DUNHQHGRUPDWWHILQLVKHGSDQVZLOOEDNH
IDVWHUWKDQVKLQ\SDQV
■*ODVVRUFHUDPLFSDQVFRRNPRUHVORZO\
:KHQEDNLQJFRRNLHV\RXZLOOJHWWKHEHVW
UHVXOWVLI\RXXVHDIODWFRRNLHVKHHWLQVWHDGRID
SDQZLWKORZVLGHV
)RUUHFLSHVOLNHRYHQEDNHGFKLFNHQXVHDSDQ
ZLWKORZVLGHV+RWDLUFDQQRWFLUFXODWHZHOO
DURXQGIRRGLQDSDQZLWKKLJKVLGHV
or
+RZWR6HWWKH8SSHU2YHQIRU&RQYHFWLRQ%DNLQJRU5RDVWLQJ
7RXFKWKH&RQYHFWLRQ%DNHRU&RQYHFWLRQ
5RDVWSDG
7RXFKWKHQXPEHUSDGVWRVHWWKHGHVLUHG
RYHQWHPSHUDWXUH
7RXFKWKH6WDUWSDG
7RFKDQJHWKHRYHQWHPSHUDWXUHWRXFKWKH
&RQYHFWLRQ%DNHRU&RQYHFWLRQ5RDVWSDG
DQGWKHQWKHQXPEHUSDGVWRVHWWKHQHZ
WHPSHUDWXUH
:KHQWKHRYHQVWDUWVWRKHDWWKHFKDQJLQJ
WHPSHUDWXUHVWDUWLQJDW)ZLOOEHGLVSOD\HG
:KHQWKHRYHQUHDFKHVWKHWHPSHUDWXUH\RX
VHWEHHSVZLOOVRXQG
7RXFKWKH&OHDU2IISDGZKHQILQLVKHG
127(<RXZLOOKHDUDIDQZKLOHFRRNLQJZLWK
FRQYHFWLRQ7KHIDQZLOOVWRSZKHQWKHGRRULV
RSHQHGEXWWKHKHDWZLOOQRWWXUQRII
7KHIDQZLOOQRWVWDUWXQWLOWKHSUHKHDW
WHPSHUDWXUHLVUHDFKHG
0XOWL6KHOI%DNLQJ
7KHQXPEHURIVKHOYHVSURYLGHGGHSHQGVRQ
\RXUPRGHO
%HFDXVHKHDWHGDLULVFLUFXODWHGHYHQO\
WKURXJKRXWWKHRYHQIRRGVFDQEHEDNHGZLWK
H[FHOOHQWUHVXOWVXVLQJPXOWLSOHVKHOYHV
0XOWLVKHOIEDNLQJPD\LQFUHDVHFRRNWLPHV
VOLJKWO\IRUVRPHIRRGVEXWWKHRYHUDOOUHVXOW
LVWLPHVDYHG&RRNLHVPXIILQVELVFXLWVDQG
RWKHUTXLFNEUHDGVJLYHYHU\JRRGUHVXOWVZLWK
PXOWLVKHOIEDNLQJ
:KHQEDNLQJODUJHUIRRGVRQVKHOYHVSODFH
RQHVKHOILQWKHQG$SRVLWLRQRQHRQWKH
WK&SRVLWLRQDQGWKHWKLUGVKHOILQWKHWK(
SRVLWLRQ
:KHQEDNLQJFRRNLHVSODFHWKHVKHOYHVLQWKH
WK&WK'DQGWK(SRVLWLRQV
:KHQFRQYHFWLRQEDNLQJZLWKRQO\
VKHOIIROORZWKHVKHOISRVLWLRQV
UHFRPPHQGHGLQWKH8VLQJWKH
2YHQVHFWLRQ
8VLQJWKHFRQYHFWLRQRYHQXSSHURYHQRQO\

+RZWR6HWWKH8SSHU2YHQIRU&RQYHFWLRQ5RDVWLQJZKHQ8VLQJWKH3UREHRQ
VRPHPRGHOV
7KHGLVSOD\ZLOOIODVK352%(DQGWKHRYHQ
FRQWUROZLOOVLJQDOLIWKHSUREHLVLQVHUWHGLQWR
WKHRXWOHWDQG\RXKDYHQRWVHWDSUREH
WHPSHUDWXUHDQGWRXFKHGWKH6WDUWSDG
3ODFHWKHVKHOILQWKHVKHOISRVLWLRQ$
,QVHUWWKHSUREHFRPSOHWHO\LQWRWKHIRRG
3 O X J W K H S U R E H LQWRWKHRXWOHWLQWKH
RYHQ0DNHVXUHLWLVSXVKHGDOOWKHZD\
LQ&ORVHWKHRYHQGRRU
7RXFKWKH&RQYHFWLRQ5RDVW SDG
7RXFKWKHQXPEHUSDGVWRVHWWKH
GHVLUHGRYHQWHPSHUDWXUH
7RXFKWKH3UREH SDG
7RXFKWKHQXPEHUSDGVWRVHWWKH
GHVLUHGLQWHUQDOIRRGWHPSHUDWXUH
7RFKDQJHWKHRYHQWHPSHUDWXUHGXULQJ
WKH&RQYHFWLRQ5RDVWF\FOHWRXFKWKH
&RQYHFWLRQ5RDVW SDGDQGWKHQWRXFK
WKHQXPEHUSDGVWRVHWWKHQHZGHVLUHG
WHPSHUDWXUH
7RXFKWKH6WDUW SDG
:KHQWKHRYHQVWDUWVWRKHDWWKHZRUG/2
ZLOOEHLQWKHGLVSOD\
$IWHUWKHLQWHUQDOWHPSHUDWXUHRIWKHIRRG
UHDFKHV)WKHFKDQJLQJLQWHUQDO
WHPSHUDWXUHZLOOEHVKRZQLQWKHGLVSOD\
: K H Q W K H L Q W H U Q D O W H P S H U DWXUHRIWKH
IRRGUHDFKHVWKHQXPEHU\RXKDYHVHW
WKHSUREHDQGWKHRYHQWXUQRIIDQGWKH
RYHQFRQWUROVLJQDOV7RVWRSWKHVLJQDO
WRXFKWKH&OHDU2II SDG8VHKRWSDGV
WRUHPRYHWKHSUREHIURPWKHIRRG'R
QRWXVHWRQJVWRSXOORQLW³WKH\PLJKW
GDPDJHLW
&$87,217RSUHYHQWSRVVLEOHEXUQVGRQRW
XQSOXJWKHSUREHIURPWKHRYHQRXWOHWXQWLO
WKHRYHQKDVFRROHG'RQRWVWRUHWKHSUREH
LQWKHRYHQ
127(
■,IWKHSUREHLVUHPRYHGIURPWKHIRRG
EHIRUHWKHILQDOWHPSHUDWXUHLVUHDFKHGD
WRQHZLOOVRXQGDQGWKHGLVSOD\ZLOOIODVK
XQWLOWKHSUREHLVUHPRYHGIURPWKHRYHQ
■<RXZLOOKHDUDIDQZKLOHFRRNLQJZLWKWKLV
IHDWXUH7KHIDQZLOOVWRSZKHQWKHGRRULV
RSHQHGEXWWKHKHDWZLOOQRWWXUQRII
■<RXFDQXVHWKHWLPHUHYHQWKRXJK\RX
FDQQRWXVHWLPHGRYHQRSHUDWLRQVZKLOH
XVLQJWKHSUREH
)RUEHVWUHVXOWVZKHQURDVWLQJODUJH
WXUNH\VDQGURDVWVZHUHFRPPHQG
XVLQJWKHSUREHLQFOXGHGLQWKH
FRQYHFWLRQRYHQ
*($SSOLDQFHVFRP
,I\RXUPRGHOKDVDGRRUODWFKGRQRWORFNWKHRYHQGRRUZLWKWKHODWFKGXULQJFRQYHFWLRQFRRNLQJ7KHODWFKLVXVHGIRU
VHOIFOHDQLQJRQO\

8VLQJWKHFRQYHFWLRQRYHQRQVRPHPRGHOV
Meats Minutes/Lb. Oven Temp.
Internal Temp.
Beef Rib (3 to 5 lbs.) Rare† 20–24 325
˚
F 140
˚
F
Medium 24–28 325
˚
F 160
˚
F
Well 28–32 325
˚
F 170
˚
F
Boneless Rib, Top Sirloin
Rare† 20–24 325
˚
F 140
˚
F
Medium 24–28 325
˚
F 160
˚
F
Well 28–32 325
˚
F 170
˚
F
Beef Tenderloin Rare† 10–14 325
˚
F 140
˚
F
Medium 14–18 325
˚
F 160
˚
F
Pot Roast (2
1
/2 to 3 lbs.) chuck, rump
35–45 300
˚
F 170
˚
F
Pork Bone-in (3 to 5 lbs.) 23–27 325
˚
F 170
˚
F
Boneless (3 to 5 lbs.) 23–27 325
˚
F 170
˚
F
Pork Chops (
1
/2" to 1" thick) 2 chops 30–35 total 325
˚
F 170
˚
F
4 chops 35–40 total 325
˚
F 170
˚
F
6 chops 40–45 total 325
˚
F 170
˚
F
Ham Canned (3 lbs. fully cooked) 14–18 325
˚
F 140
˚
F
Butt (5 lbs. fully cooked) 14–18 325
˚
F 140
˚
F
Shank (5 lbs. fully cooked) 14–18 325
˚
F 140
˚
F
Lamb Bone-in (3 to 5 lbs.) Medium 17–20 325
˚
F 160
˚
F
Well 20–24 325
˚
F 170
˚
F
Boneless (3 to 5 lbs.) Medium 17–20 325
˚
F 160
˚
F
Well 20–24 325
˚
F 170
˚
F
Seafood Fish, whole (3 to 5 lbs.) 30–40 total 400
˚
F
Lobster Tails (6 to 8 oz. each) 20–25 total 350
˚
F
Poultry Whole Chicken (2
1
/2 to 3
1
/2 lbs.) 24–26 350
˚
F 180
˚
–185
˚
F
Cornish Hens Unstuffed (1 to 1
1
/2 lbs.) 50–55 total 350
˚
F 180
˚
–185
˚
F
Cornish Hens Stuffed (1 to 1
1
/2 lbs.) 55–60 total 350
˚
F 180
˚
–185
˚
F
Duckling (4 to 5 lbs.) 24–26 325
˚
F 180
˚
–185
˚
F
Turkey, whole*
Unstuffed (10 to 16 lbs.) 8–11 325
˚
F 180
˚
–185
˚
F
Unstuffed (18 to 24 lbs.) 7–10 325
˚
F 180
˚
–185
˚
F
Turkey Breast (4 to 6 lbs.) 16–19 325
˚
F 170
˚
F
*
Stuffed birds generally require 30–45 minutes additional roasting time. Shield legs and breast with foil to prevent
overbrowning and drying of skin.
†The U.S. Department of Agriculture says "Rare beef is popular, but you should know that cooking it to only 140
˚
F
means some food poisoning organisms may survive." (Source: Safe Food Book. Your Kitchen Guide. USDA Rev.
June 1985.)

8VLQJWKHWLPHGFRQYHFWLRQEDNLQJIHDWXUHVRQVRPHPRGHOV *($SSOLDQFHVFRP
<RXZLOOKHDUDIDQZKLOHFRRNLQJZLWKWKLVIHDWXUH7KHIDQZLOOVWRSZKHQWKHGRRULVRSHQHGEXWWKHKHDWZLOOQRWWXUQRII
127()RRGVWKDWVSRLOHDVLO\³VXFKDVPLONHJJVILVKVWXIILQJVSRXOWU\DQGSRUN³VKRXOGQRWEHDOORZHGWRVLWIRUPRUH
WKDQKRXUEHIRUHRUDIWHUFRRNLQJ5RRPWHPSHUDWXUHSURPRWHVWKHJURZWKRIKDUPIXOEDFWHULD%HVXUHWKDWWKHRYHQ
OLJKWLVRIIEHFDXVHKHDWIURPWKHEXOEZLOOVSHHGKDUPIXOEDFWHULDJURZWK
+RZWR6HWDQ,PPHGLDWH6WDUWDQG$XWRPDWLF6WRS
7KHXSSHURYHQZLOOWXUQRQLPPHGLDWHO\DQGFRRN
IRUDVHOHFWHGOHQJWKRIWLPH$WWKHHQGRIWKH
FRRNLQJWLPHWKHRYHQZLOOWXUQRIIDXWRPDWLFDOO\
7RXFKWKH&RQYHFWLRQ%DNHSDG
7RXFKWKHQXPEHUSDGVWRVHWWKHGHVLUHG
RYHQWHPSHUDWXUH
7RXFKWKH&RRNLQJ7LPHSDG
127(,I\RXUUHFLSHUHTXLUHVSUHKHDWLQJ\RXPD\
QHHGWRDGGDGGLWLRQDOWLPHWRWKHOHQJWKRIWKH
FRRNLQJWLPH
7RXFKWKHQXPEHUSDGVWRVHWWKHGHVLUHG
OHQJWKRIFRRNLQJWLPH7KHPLQLPXPFRRNLQJ
WLPH\RXFDQVHWLVPLQXWH
7KHRYHQWHPSHUDWXUHWKDW\RXVHWDQGWKH
FRRNLQJWLPHWKDW\RXHQWHUHGZLOOEHLQWKH
GLVSOD\
7RXFKWKH6WDUW SDG
7KHRYHQZLOOWXUQ21DQGWKHGLVSOD\ZLOOVKRZ
WKHFRRNLQJWLPHFRXQWGRZQDQGWKHFKDQJLQJ
WHPSHUDWXUHVWDUWLQJDW)7KHWHPSHUDWXUH
GLVSOD\ZLOOVWDUWWRFKDQJHRQFHWKHRYHQWHPSHUDWXUH
UHDFKHV):KHQWKHRYHQUHDFKHVWKH
WHPSHUDWXUH\RXVHWEHHSVZLOOVRXQG
7KHRYHQZLOOFRQWLQXHWRFRRNIRUWKHVHWDPRXQW
RIWLPHWKHQWXUQRIIDXWRPDWLFDOO\XQOHVVWKH&RRN
DQG+ROGIHDWXUHZDVVHW6HHWKH6SHFLDOIHDWXUHV
RI\RXURYHQFRQWUROVHFWLRQ
$IWHUWKHRYHQWXUQVRIIWKHHQGRIF\FOHWRQHZLOO
VRXQG
7RXFKWKH&OHDU2IISDGWRFOHDUWKHGLVSOD\LI
QHFHVVDU\5HPRYHWKHIRRGIURPWKHRYHQ
5HPHPEHUHYHQWKRXJKWKHRYHQWXUQVRII
DXWRPDWLFDOO\IRRGOHIWLQWKHRYHQZLOO
FRQWLQXHFRRNLQJDIWHUWKHRYHQWXUQVRII
+RZWR6HWD'HOD\HG6WDUWDQG$XWRPDWLF6WRS
7KHXSSHURYHQZLOOWXUQRQDWWKHWLPHRIGD\\RX
VHWFRRNIRUDVSHFLILFOHQJWKRIWLPHDQGWKHQWXUQRII
DXWRPDWLFDOO\
0DNHVXUHWKHFORFNVKRZVWKHFRUUHFWWLPHRIGD\
7RXFKWKH&RQYHFWLRQ%DNHSDG
7RXFKWKHQXPEHUSDGVWRVHWWKHGHVLUHG
RYHQWHPSHUDWXUH
7RXFKWKH&RRNLQJ7LPHSDG
127(,I\RXUUHFLSHUHTXLUHVSUHKHDWLQJ\RXPD\
QHHGWRDGGDGGLWLRQDOWLPHWRWKHOHQJWKRIWKH
FRRNLQJWLPH
7RXFKWKHQXPEHUSDGVWRVHWWKHGHVLUHG
OHQJWKRIFRRNLQJWLPH7KHPLQLPXPFRRNLQJ
WLPH\RXFDQVHWLVPLQXWH
7KHRYHQWHPSHUDWXUHWKDW\RXVHWDQGWKH
FRRNLQJWLPHWKDW\RXHQWHUHGZLOOEHLQWKH
GLVSOD\
7RXFKWKH'HOD\6WDUWSDG
7RXFKWKHQXPEHUSDGVWRVHWWKHWLPHRIGD\
\RXZDQWWKHRYHQWRWXUQRQDQGVWDUW
FRRNLQJ
7RXFKWKH6WDUW SDG
127(,I\RXZRXOGOLNHWRFKHFNWKHWLPHV\RXKDYH
VHWWRXFKWKH'HOD\6WDUWSDGWRFKHFNWKHVWDUWWLPH
\RXKDYHVHWRUWRXFKWKH&RRNLQJ7LPH SDGWRFKHFN
WKHOHQJWKRIFRRNLQJWLPH\RXKDYHVHW
:KHQWKHRYHQWXUQV21DWWKHWLPHRIGD\\RXVHW
WKHGLVSOD\ZLOOVKRZWKHFRRNLQJWLPHFRXQWGRZQ
DQGWKHFKDQJLQJWHPSHUDWXUHVWDUWLQJDW)
7KHWHPSHUDWXUHGLVSOD\ZLOOVWDUWWRFKDQJHRQFH
WKHRYHQWHPSHUDWXUHUHDFKHV):KHQWKH
RYHQUHDFKHVWKHWHPSHUDWXUH\RXVHWEHHSVZLOO
VRXQG
7KHRYHQZLOOFRQWLQXHWRFRRNIRUWKHVHWDPRXQW
RIWLPHWKHQWXUQRIIDXWRPDWLFDOO\XQOHVVWKH&RRN
DQG+ROGIHDWXUHZDVVHW6HHWKH6SHFLDOIHDWXUHVRI
\RXURYHQFRQWUROVHFWLRQ
$IWHUWKHRYHQWXUQVRIIWKHHQGRIF\FOHWRQHZLOO
VRXQG
7RXFKWKH&OHDU2IISDGWRFOHDUWKHGLVSOD\LI
QHFHVVDU\5HPRYHWKHIRRGIURPWKHRYHQ
5HPHPEHUHYHQWKRXJKWKHRYHQWXUQVRII
DXWRPDWLFDOO\IRRGOHIWLQWKHRYHQZLOO
FRQWLQXHFRRNLQJDIWHUWKHRYHQWXUQVRII

<RXUQHZWRXFKSDGFRQWUROKDVDGGLWLRQDOIHDWXUHVWKDW\RXPD\FKRRVHWRXVH7KHIROORZLQJDUHWKHIHDWXUHVDQGKRZ
\RXPD\DFWLYDWHWKHP
7KHVSHFLDOIHDWXUHPRGHVFDQRQO\EHDFWLYDWHGZKLOHWKHGLVSOD\LVVKRZLQJWKHWLPHRIGD\7KH\UHPDLQLQWKHFRQWURO·V
PHPRU\XQWLOWKHVWHSVDUHUHSHDWHG
:KHQWKHGLVSOD\VKRZV\RXUFKRLFHWRXFKWKH6WDUWSDG7KHVSHFLDOIHDWXUHVZLOOUHPDLQLQPHPRU\DIWHUDSRZHUIDLOXUH
+RXU6KXW2II
:LWKWKLVIHDWXUHVKRXOG\RXIRUJHWDQGOHDYHWKH
RYHQRQWKHFRQWUROZLOODXWRPDWLFDOO\WXUQRIIWKH
RYHQDIWHUKRXUVGXULQJEDNLQJIXQFWLRQVRU
DIWHUKRXUVGXULQJDEURLOIXQFWLRQ
,I\RXZLVKWRWXUQ2)) WKLVIHDWXUHIROORZWKH
VWHSVEHORZ
7RXFKWKH%DNH DQG%URLO+L/R SDGV
DWWKHVDPHWLPHIRUVHFRQGVXQWLOWKH
GLVSOD\VKRZV6)
7RXFKWKH'HOD\6WDUWSDG7KHGLVSOD\
ZLOOVKRZVKGQKRXUVKXWRII7RXFK
WKH'HOD\6WDUWSDGDJDLQDQGWKHGLVSOD\
ZLOOVKRZQRVKGQQRVKXWRII
7RXFKWKH6WDUW SDGWRDFWLYDWHWKHQR
VKXWRIIDQGOHDYHWKHFRQWUROVHWLQWKLV
VSHFLDOIHDWXUHVPRGH
)DKUHQKHLWRU&HOVLXV7HPSHUDWXUH6HOHFWLRQ
<RXURYHQFRQWUROLVVHWWRXVHWKH)DKUHQKHLW
WHPSHUDWXUHVHOHFWLRQVEXW\RXPD\FKDQJH
WKLVWRXVHWKH&HOVLXVVHOHFWLRQV
7RXFKWKH%DNH DQG%URLO+L/R SDGV
DWWKHVDPHWLPHIRUVHFRQGVXQWLOWKH
GLVSOD\VKRZV6)
7RXFKWKH%URLO+L/RDQG&RRNLQJ7LPH
SDGVDWWKHVDPHWLPH7KHGLVSOD\ZLOO
VKRZ))DKUHQKHLW
7RXFKWKH%URLO+L/RDQG&RRNLQJ7LPH
SDGVDJDLQDWWKHVDPHWLPH7KHGLVSOD\
ZLOOVKRZ&&HOVLXV
7RXFKWKH6WDUW SDG
6SHFLDOIHDWXUHVRI\RXUXSSHURYHQFRQWURO
$WWKHHQGRIDWLPHGF\FOHVKRUWEHHSVZLOO
VRXQGIROORZHGE\RQHEHHSHYHU\VHFRQGV
XQWLOWKH&OHDU2IISDGLVWRXFKHG7KLV
FRQWLQXDOVHFRQGEHHSPD\EHFDQFHOHG
7RFDQFHOWKHVHFRQGEHHS
7RXFKWKH%DNH DQG%URLO+L/R SDGVDW
WKHVDPHWLPHIRUVHFRQGVXQWLOWKH
GLVSOD\VKRZV6)
7RXFKWKH.LWFKHQ7LPHU2Q2II SDG7KH
GLVSOD\VKRZV&21%((3FRQWLQXDOEHHS
DQG%((37RXFKWKH.LWFKHQ7LPHU2Q
2IISDGDJDLQ7KHGLVSOD\VKRZV%((3
7KLVFDQFHOVWKHRQHEHHSHYHU\
VHFRQGV
7RXFKWKH6WDUW SDG
7RQHVDWWKH(QGRID7LPHG&\FOH

*($SSOLDQFHVFRP
+RXU+RXURU&ORFN%ODFNRXW
<RXUFRQWUROLVVHWWRXVHDKRXUFORFN
,I\RXZRXOGSUHIHUWRKDYHDKRXU
PLOLWDU\WLPHFORFNRUEODFNRXWWKHFORFN
GLVSOD\IROORZWKHVWHSVEHORZ
7RXFKWKH%DNH DQG%URLO+L/R SDGV
DWWKHVDPHWLPHIRUVHFRQGVXQWLOWKH
GLVSOD\VKRZV6)
7RXFKWKH&ORFNSDGRQFH7KHGLVSOD\
ZLOOVKRZKU ,IWKLVLVWKHFKRLFH\RX
ZDQWWRXFKWKH6WDUW SDG
7RXFKWKH&ORFN SDGDJDLQWRFKDQJHWRWKH
KRXUPLOLWDU\WLPHFORFN7KHGLVSOD\ZLOO
VKRZKU ,IWKLVLVWKHFKRLFH\RXZDQW
WRXFKWKH6WDUW SDG
7RXFKWKH&ORFN SDGDJDLQWREODFNRXWWKH
FORFNGLVSOD\7KHGLVSOD\ZLOOVKRZ2)) ,I
WKLVLVWKHFKRLFH\RXZDQWWRXFKWKH6WDUW
SDG
127(,IWKHFORFNLVLQWKHEODFNRXWPRGH
\RXZLOOQRWEHDEOHWRXVHWKH'HOD\6WDUW
IXQFWLRQ
&RQWURO/RFNRXW
<RXUFRQWUROZLOODOORZ\RXWRORFNRXWWKH
WRXFKSDGVVRWKH\FDQQRWEHDFWLYDWHG
ZKHQWRXFKHGRUFOHDQLQJWKHJODVVSDQHO
7RORFNWKHFRQWUROV
7RXFKWKH DQG WRXFKSDGVDWWKH
VDPHWLPHIRUVHFRQGVXQWLOWKH
FRQWUROEHHSVWZLFH7KHGLVSOD\ZLOO
VKRZ/2&FRQWLQXRXVO\DQGWKHWLPH
RIGD\LIQRWEODFNHGRXW
127($OOFRRNLQJDQGWLPLQJIXQFWLRQVZLOO
EHFDQFHOOHGZKHQORFNLQJRXWWKHFRQWURO
7RXQORFNWKHFRQWUROWRXFKWKH DQG
WRXFKSDGVDWWKHVDPHWLPHIRU
VHFRQGVXQWLOWKHFRQWUROEHHSVWZLFH
DQG/2&ZLOOEHUHPRYHGIURPWKH
GLVSOD\
127(6RPHPRGHOVKDYHD&RQWURO/RFNRXW
SDG7RXFKDQGKROGLWIRUVHFRQGVWRORFN
XQORFN
&RRNDQG+ROG
<RXUQHZFRQWUROKDVDFRRNDQGKROG
IHDWXUHWKDWNHHSVFRRNHGIRRGVZDUPIRU
XSWRKRXUVDIWHUWKHFRRNLQJIXQFWLRQLV
ILQLVKHG
7KLVIHDWXUHFDQRQO\EHXVHGZKHQWLPHG
FRRNLQJ
7RDFWLYDWHWKLVIHDWXUHIROORZWKHVWHSV
EHORZ
7RXFKWKH%DNH DQG%URLO+L/R SDGV
DWWKHVDPHWLPHIRUVHFRQGVXQWLOWKH
GLVSOD\VKRZV6)
7RXFKWKH&RRNLQJ7LPHSDG7KH
GLVSOD\ZLOOVKRZ+OG2))
7RXFKWKH&RRNLQJ7LPHSDGDJDLQWR
DFWLYDWHWKHIHDWXUH7KHGLVSOD\ZLOO
VKRZ+OG21
7RXFKWKH6WDUW SDGWRDFWLYDWHWKH
FRRNDQGKROGIHDWXUHDQGOHDYHWKH
FRQWUROVHWLQWKLVVSHFLDOIHDWXUHVPRGH

8VLQJWKH6DEEDWK)HDWXUH
'HVLJQHGIRUXVHRQWKH-HZLVK6DEEDWKDQG+ROLGD\V
7KH6DEEDWKIHDWXUHFDQEHXVHGIRUEDNLQJURDVWLQJLQWKHXSSHURYHQRQO\,WFDQQRWEHXVHGIRUFRQYHFWLRQEURLOLQJ
VHOIFOHDQLQJRU'HOD\6WDUWFRRNLQJ
127(7KHRYHQOLJKWFRPHVRQDXWRPDWLFDOO\RQVRPHPRGHOVZKHQWKHGRRULVRSHQHGDQGJRHVRIIZKHQWKHGRRULV
FORVHG7KHEXOEPD\EHUHPRYHG6HHWKH2YHQ/LJKW5HSODFHPHQWVHFWLRQ2QPRGHOVZLWKDOLJKWVZLWFKRQWKHFRQWURO
SDQHOWKHRYHQOLJKWPD\EHWXUQHGRQDQGOHIWRQ
+RZWR6HWIRU5HJXODU%DNLQJ5RDVWLQJ
0DNHVXUHWKHFORFNVKRZVWKHFRUUHFWWLPH
RIGD\DQGWKHRYHQLVRII
3UHVVDQGKROGERWKWKH%DNH DQG%URLO
+L/RSDGVDWWKHVDPHWLPHXQWLOWKH
GLVSOD\VKRZV6)
7DSWKH'HOD\6WDUWSDGXQWLO6$EE$W+
DSSHDUVLQWKHGLVSOD\
7RXFKWKH6WDUW SDGDQGZLOODSSHDULQ
WKHGLVSOD\
7RXFKWKH%DNH SDG1RVLJQDOZLOOEH
JLYHQ
8VLQJWKHQXPEHUSDGVHQWHUWKHGHVLUHG
WHPSHUDWXUHEHWZHHQDQG1R
VLJQDORUWHPSHUDWXUHZLOOEHJLYHQ
7RXFKWKH6WDUW SDG
$IWHUDUDQGRPGHOD\SHULRGRI
DSSUR[LPDWHO\VHFRQGVWRPLQXWH
ZLOODSSHDULQWKHGLVSOD\LQGLFDWLQJ
WKDWWKHRYHQLV
EDNLQJURDVWLQJ
,I
GRHVQ·WDSSHDULQWKHGLVSOD\VWDUWDJDLQ
DW6WHS
7RDGMXVWWKHRYHQWHPSHUDWXUHWRXFKWKH
%DNHSDGHQWHUWKHQHZWHPSHUDWXUHXVLQJWKH
QXPEHUSDGVDQGWRXFKWKH6WDUWSDG
127(7KH&OHDU2IIDQG&RRNLQJ7LPHSDGV
DUHDFWLYHGXULQJWKH6DEEDWKIHDWXUH
+RZWR6HWIRU7LPHG%DNLQJ5RDVWLQJ²,PPHGLDWH6WDUWDQG$XWRPDWLF6WRS
0DNHVXUHWKHFORFNVKRZVWKHFRUUHFWWLPHRI
GD\DQGWKHRYHQLVRII
3UHVVDQGKROGERWKWKH%DNH DQG%URLO
+L/RSDGVDWWKHVDPHWLPHXQWLOWKH
GLVSOD\VKRZV6)
7DSWKH'HOD\6WDUWSDGXQWLO6$EE$W+
DSSHDUVLQWKHGLVSOD\
7RXFKWKH6WDUW SDGDQGZLOODSSHDULQ
WKHGLVSOD\
7RXFKWKH&RRNLQJ7LPH SDG
7RXFKWKHQXPEHUSDGVWRVHWWKHGHVLUHG
OHQJWKRIFRRNLQJWLPHEHWZHHQPLQXWH
DQGKRXUVDQGPLQXWHV7KHFRRNLQJ
WLPHWKDW\RXHQWHUHGZLOOEHGLVSOD\HG
7RXFKWKH6WDUW SDG
7RXFKWKH%DNHSDG1RVLJQDOZLOOEH
JLYHQ
8VLQJWKHQXPEHUSDGVHQWHUWKHGHVLUHG
WHPSHUDWXUH1RVLJQDORUWHPSHUDWXUHZLOO
EHJLYHQ
7RXFKWKH6WDUW SDG
$IWHUDUDQGRPGHOD\SHULRGRI
DSSUR[LPDWHO\VHFRQGVWRPLQXWH
ZLOODSSHDULQWKHGLVSOD\LQGLFDWLQJWKDW
WKHRYHQLV
EDNLQJURDVWLQJ
,IGRHVQ·W
DSSHDULQWKHGLVSOD\VWDUWDJDLQDW6WHS
7RDGMXVWWKHRYHQWHPSHUDWXUHWRXFKWKH
%DNHSDGHQWHUWKHQHZWHPSHUDWXUHXVLQJWKH
QXPEHUSDGVDQGWRXFKWKH6WDUWSDG
:KHQFRRNLQJLVILQLVKHGWKHGLVSOD\ZLOO
FKDQJHIURPWRDQGZLOODSSHDU
LQGLFDWLQJWKDWWKHRYHQKDVWXUQHG2))EXWLV
VWLOOVHWLQ6DEEDWK5HPRYHWKHFRRNHGIRRG
:KHQWKHGLVSOD\VKRZV}WKH
RYHQLVVHWLQ6DEEDWK:KHQWKH
GLVSOD\VKRZVWKHRYHQLV
EDNLQJURDVWLQJ
:KHQWKHGLVSOD\VKRZV
WKH
RYHQLVVHWLQ6DEEDWK:KHQWKH
GLVSOD\VKRZVWKHRYHQLV
EDNLQJURDVWLQJ

*($SSOLDQFHVFRP
+RZWR([LWWKH6DEEDWK)HDWXUH
7RXFKWKH&OHDU2IISDG
,IWKHRYHQLVFRRNLQJZDLWIRUDUDQGRP
GHOD\SHULRGRIDSSUR[LPDWHO\VHFRQGV
WRPLQXWHXQWLORQO\LVLQWKHGLVSOD\
3UHVVDQGKROGERWKWKH%DNH DQG%URLO
+L/RSDGVDWWKHVDPHWLPHXQWLOWKH
GLVSOD\VKRZV6)
7DSWKH'HOD\6WDUWSDGXQWLOVKGQRU
QRVKGQDSSHDUVLQWKHGLVSOD\VKGQ
LQGLFDWHVWKDWWKHRYHQZLOODXWRPDWLFDOO\
WXUQRIIDIWHUKRXUVQRVKGQLQGLFDWHV
WKDWWKHRYHQZLOOQRWDXWRPDWLFDOO\WXUQ
RII
7RXFKWKH6WDUW SDG
127(,IDSRZHURXWDJHRFFXUUHGZKLOH
WKHRYHQZDVLQ6DEEDWKWKHRYHQZLOO
DXWRPDWLFDOO\WXUQRIIDQGVWD\RIIHYHQZKHQ
WKHSRZHUUHWXUQV7KHRYHQFRQWUROPXVW
EHUHVHW

<RXPD\ILQGWKDW\RXUQHZRYHQFRRNVGLIIHUHQWO\WKDQWKHRQHLWUHSODFHG8VH\RXUQHZRYHQIRUDIHZZHHNVWREHFRPH
PRUHIDPLOLDUZLWKLW,I\RXVWLOOWKLQN\RXUQHZRYHQLVWRRKRWRUWRRFROG\RXFDQDGMXVWWKHWKHUPRVWDW\RXUVHOI
'RQRWXVHWKHUPRPHWHUVVXFKDVWKRVHIRXQGLQJURFHU\VWRUHVWRFKHFNWKHWHPSHUDWXUHVHWWLQJRI\RXURYHQ
7KHVHWKHUPRPHWHUVPD\YDU\²GHJUHHV
127(7KLVDGMXVWPHQWZLOOQRWDIIHFWWKHEURLOLQJRUWKHVHOIFOHDQLQJWHPSHUDWXUHV7KHDGMXVWPHQWZLOOEHUHWDLQHG
LQPHPRU\DIWHUDSRZHUIDLOXUH
7R$GMXVWWKH7KHUPRVWDW
7RXFKWKH%DNH DQG%URLO+L/R SDGVDW
WKHVDPHWLPHIRUVHFRQGVXQWLOWKH
GLVSOD\VKRZV6)
7RXFKWKH%DNH SDG$WZRGLJLWQXPEHU
VKRZVLQWKHGLVSOD\
7RXFK%DNH RQFHWRGHFUHDVHWKHRYHQ
WHPSHUDWXUHRUWZLFHWRLQFUHDVH
7KHRYHQWHPSHUDWXUHFDQEHDGMXVWHGXS
DVPXFKDV)RUGRZQDVPXFKDV
)7RXFKWKHQXPEHUSDGVWKHVDPH
ZD\\RXUHDGWKHP)RUH[DPSOHWR
FKDQJHWKHRYHQWHPSHUDWXUH)WRXFK
DQG
:KHQ\RXKDYHPDGHWKHDGMXVWPHQW
WRXFKWKH6WDUW SDGWRJREDFNWRWKHWLPH
RIGD\GLVSOD\8VH\RXURYHQDV\RX
ZRXOGQRUPDOO\
127(7KHWKHUPRVWDWDGMXVWPHQWIRU%DNLQJ
ZLOODOVRDIIHFW&RQYHFWLRQ%DNLQJRU&RQYHFWLRQ
5RDVWLQJ
0RVWUHFLSHVIRUEDNLQJKDYHEHHQGHYHORSHGXVLQJKLJKIDWSURGXFWVVXFKDVEXWWHURUPDUJDULQHIDW,I\RX
GHFUHDVHWKHIDWWKHUHFLSHPD\QRWJLYHWKHVDPHUHVXOWVDVZLWKDKLJKHUIDWSURGXFW
5HFLSHIDLOXUHFDQUHVXOWLIFDNHVSLHVSDVWULHVFRRNLHVRUFDQGLHVDUHPDGHZLWKORZIDWVSUHDGV7KHORZHUWKHIDWFRQWHQW
RIDVSUHDGSURGXFWWKHPRUHQRWLFHDEOHWKHVHGLIIHUHQFHVEHFRPH
)HGHUDOVWDQGDUGVUHTXLUHSURGXFWVODEHOHG´PDUJDULQHµWRFRQWDLQDWOHDVWIDWE\ZHLJKW/RZIDWVSUHDGVRQWKHRWKHUKDQG
FRQWDLQOHVVIDWDQGPRUHZDWHU7KHKLJKPRLVWXUHFRQWHQWRIWKHVHVSUHDGVDIIHFWVWKHWH[WXUHDQGIODYRURIEDNHGJRRGV)RUEHVW
UHVXOWVZLWK\RXUROGIDYRULWHUHFLSHVXVHPDUJDULQHEXWWHURUVWLFNVSUHDGVFRQWDLQLQJDWOHDVWYHJHWDEOHRLO
$GMXVWWKHXSSHURYHQWKHUPRVWDW³'RLW\RXUVHOI
7KHW\SHRIPDUJDULQHZLOODIIHFWEDNLQJSHUIRUPDQFH

8VLQJWKHORZHURYHQGUDZHURQVRPHPRGHOV *($SSOLDQFHVFRP
7R8VHWKH/RZHU2YHQ'UDZHU
3XVKLQDQGWXUQWKHORZHURYHQGUDZHU
NQREWRDQ\GHVLUHGVHWWLQJ
$ O O R Z W K H O R ZHURYHQGUDZHUWRSUHKHDW
■7KH21VLJQDOOLJKWLVORFDWHGRQWKHXSSHU
ULJKWVLGHRIWKHNQREDQGJORZVZKHQWKH
NQRELVLQWKH21SRVLWLRQ,WUHPDLQV21XQWLO
WKHNQRELVPRYHGWRWKH2))SRVLWLRQ
■7KH´+HDWLQJµVLJQDOOLJKWLVORFDWHGEHORZWKH
21VLJQDOOLJKWDQGJORZVZKHQWKHKHDWLQJ
HOHPHQWVDUHDFWLYH3UHKHDWLVFRPSOHWH
DIWHUWKH´+HDWLQJµVLJQDOKDVWXUQHGRIIIRU
WKHILUVWWLPHHDFKXVH
127(6
■$OZD\VXVHWKHLQFOXGHGGUDZHUUDFNZKHQ
XVLQJWKHORZHURYHQGUDZHU
■7KHORZHURYHQGUDZHUFDQQRWEHXVHG
GXULQJDVHOIFOHDQF\FOHRIWKHXSSHURYHQ
■'RQRWSXWIRRGIRLORUFRRNZDUHGLUHFWO\RQ
WKHERWWRPRIWKHORZHURYHQGUDZHU$OZD\V
XVHWKHLQFOXGHGGUDZHUUDFN
■,IIRRGVUHTXLUHDFRYHUXVHRQO\IRLORUOLGV
DEOHWRZLWKVWDQGEDNLQJWHPSHUDWXUHV
'RQRWXVHSODVWLF
■0D[LPXPKHLJKWRIIRRGVWKDWFDQEHSODFHG
LQWKHORZHURYHQGUDZHULVd
■'RQRWSXWOLTXLGRUZDWHULQWKHORZHU
RYHQGUDZHU
■1HYHUSODFHSODVWLFVSDSHUFDQQHGIRRGV
RUFRPEXVWLEOHPDWHULDOLQWKHORZHURYHQ
GUDZHU
7KHORZHURYHQGUDZHUPD\EHXVHGWREDNHIRRGVXVLQJWKHVDPHWLPHVDQGWHPSHUDWXUHVDVDVWDQGDUGRYHQ)RRGV
LGHDOIRUEDNLQJLQWKHORZHURYHQGUDZHULQFOXGHSL]]DIUR]HQIRRGVFDVVHUROHVELVFXLWVUROOVDQGPDQ\GHVVHUWV
3XVKLQDQGWXUQWKHORZHU
RYHQGUDZHUNQREWRDQ\GHVLUHG
VHWWLQJ
:KHQ8VLQJWKH/RZHU2YHQ'UDZHU:DUP=RQH
7KH:$50=21(RIWKHORZHURYHQGUDZHUZLOO
NHHSKRWFRRNHGIRRGVDWVHUYLQJWHPSHUDWXUHV
$OZD\VVWDUWZLWKKRWIRRG'RQRWXVHWKH
:$50=21(WRKHDWFROGIRRGRWKHUWKDQ
FULVSLQJFUDFNHUVFKLSVRUGU\FHUHDO
3XVKLQDQGWXUQWKHFRQWURONQRE
WRWKHGHVLUHGVHWWLQJZLWKLQWKHZDUP]RQH
LQGLFDWHGE\WKHUHGOLQH
/23LHV
0(',80&DVVHUROHV
PLGSRVLWLRQRQWKHOLQH
+,0HDWV
7KHORZHURYHQGUDZHUXVHVOHVVHQHUJ\WKDQWKHXSSHURYHQ
$OORZWKHIROORZLQJDSSUR[LPDWHWLPHVIRUSUHKHDWLQJ
'HVLUHG/RZHU 3UHKHDW
2YHQ7HPSHUDWXUH 7LPH
:$50 PLQXWHV
) PLQXWHV
) PLQXWHV

,I\RXUPRGHOKDVDGRRUODWFKQHYHUIRUFHWKHODWFKKDQGOH)RUFLQJWKHKDQGOHZLOOGDPDJHWKHGRRUORFNPHFKDQLVP
7KHRYHQGRRUPXVWEHFORVHGDQGDOOFRQWUROVVHWFRUUHFWO\IRUWKHF\FOHWRZRUNSURSHUO\
%HIRUHD&OHDQ&\FOH
)RUWKHILUVWVHOIFOHDQF\FOHZHUHFRPPHQG
YHQWLQJ\RXUNLWFKHQZLWKDQRSHQZLQGRZRU
XVLQJDYHQWLODWLRQIDQRUKRRG
5HPRYHDQ\EURLOHUSDQEURLOHUJULGDOO
FRRNZDUHSUREHDQGDQ\DOXPLQXPIRLOIURP
WKHRYHQ³WKH\FDQQRWZLWKVWDQGWKHKLJK
FOHDQLQJWHPSHUDWXUHV
127(
■,I\RXURYHQLVHTXLSSHGZLWKQLFNHORYHQ
VKHOYHVUHPRYHWKHPEHIRUH\RXEHJLQWKH
VHOIFOHDQF\FOH
■,I\RXURYHQLVHTXLSSHGZLWKJUD\SRUFHODLQ
FRDWHGRYHQVKHOYHVWKH\PD\EHOHIWLQWKH
RYHQGXULQJWKHVHOIFOHDQF\FOH
6RLORQWKHIURQWIUDPHRIWKHUDQJHDQG
RXWVLGHWKHJDVNHWRQWKHGRRUZLOOQHHGWREH
FOHDQHGE\KDQG&OHDQWKHVHDUHDVZLWKKRW
ZDWHUVRDSILOOHGVFRXULQJSDGVRUFOHDQVHUV
VXFKDV6RIW6FUXE
5LQVHZHOOZLWKFOHDQ
ZDWHUDQGGU\
'RQRWFOHDQWKHJDVNHW7KHILEHUJODVV
PDWHULDORIWKHRYHQGRRUJDVNHWFDQQRW
ZLWKVWDQGDEUDVLRQ,WLVHVVHQWLDOIRUWKHJDVNHW
WRUHPDLQLQWDFW,I\RXQRWLFHLWEHFRPLQJZRUQ
RUIUD\HGUHSODFHLW
:LSHXSDQ\KHDY\VSLOORYHUVRQWKHRYHQ
ERWWRP
0DNHVXUHWKHRYHQOLJKWEXOEFRYHULVLQSODFH
DQGWKHRYHQOLJKWLVRII
,03257$17 7KHKHDOWKRIVRPHELUGVLV
H[WUHPHO\VHQVLWLYHWRWKHIXPHVJLYHQRII
GXULQJWKHVHOIFOHDQLQJF\FOHRIDQ\UDQJH
0RYHELUGVWRDQRWKHUZHOOYHQWLODWHGURRP
127( 8VHFDXWLRQZKHQRSHQLQJWKHXSSHU
RYHQDIWHUWKHVHOIFOHDQF\FOHKDVHQGHG7KH
RYHQPD\VWLOOEHKRW
:LSHXSKHDY\VRLORQWKHRYHQ
ERWWRP
+RZWR6HWWKH8SSHU2YHQIRU&OHDQLQJ
127(7KHVXUIDFHEXUQHUVPXVWEHWXUQHGRII
SULRUWRWKHVHOIFOHDQVWDUWWLPH
,I\RXUPRGHOKDVDODWFKODWFKWKHGRRU
7RXFKWKH6HOI&OHDQSDG
8VLQJWKHQXPEHUSDGVHQWHUWKHGHVLUHG
FOHDQWLPHLIDWLPHRWKHUWKDQ
KRXUVLVQHHGHG
&OHDQF\FOHWLPHLVQRUPDOO\KRXUV<RXFDQ
FKDQJHWKHFOHDQWLPHWRDQ\WLPHEHWZHHQ
KRXUVDQGKRXUVGHSHQGLQJRQKRZGLUW\
\RXURYHQLV
7RXFKWKH6WDUW SDG
2QPRGHOVZLWKRXWDGRRUODWFKWKHGRRUORFNV
DXWRPDWLFDOO\7KHGLVSOD\ZLOOVKRZWKHFOHDQ
WLPHUHPDLQLQJ,WZLOOQRWEHSRVVLEOHWRRSHQ
WKHRYHQGRRUXQWLOWKHWHPSHUDWXUHGURSV
EHORZWKHORFNWHPSHUDWXUHDQGWKH/2&.('
'225OLJKWJRHVRII
7KHRYHQVKXWVRIIDXWRPDWLFDOO\ZKHQWKH
FOHDQF\FOHLVFRPSOHWH
:KHQWKH/2&.(''225 OLJKWLVRIIVOLGH
WKHODWFKKDQGOHWRWKHOHIWDVIDUDVLWZLOO
JRDQGRSHQWKHGRRU,I\RXUUDQJHGRHV
QRWKDYHDODWFKWKHGRRUZLOOXQORFN
DXWRPDWLFDOO\
■7KHZRUGV/2&.'225 ZLOOIODVKDQGWKH
RYHQFRQWUROZLOOVLJQDOLI\RXVHWWKHFOHDQ
F\FOHDQGIRUJHWWRFORVHWKHRYHQGRRURU
IRUJHWWRODWFKWKHGRRURQPRGHOVZLWKD
ODWFK
■7RVWRSDFOHDQF\FOHWRXFKWKH&OHDU2II
SDG:KHQWKH/2&.(''225 OLJKWJRHV
RIILQGLFDWLQJWKHRYHQKDVFRROHGEHORZWKH
ORFNLQJWHPSHUDWXUHXQODWFKWKHGRRURQ
PRGHOVZLWKDODWFKDQGRSHQWKHGRRU
8VLQJWKHVHOIFOHDQLQJXSSHURYHQ

7KHRYHQGRRUPXVWEHFORVHGDQGDOOFRQWUROVVHWFRUUHFWO\IRUWKHF\FOHWRZRUNSURSHUO\
+RZWR'HOD\WKH6WDUWRI&OHDQLQJ
0DNHVXUHWKHFORFNVKRZVWKHFRUUHFWWLPHRI
GD\
127(7KHVXUIDFHEXUQHUVPXVWEHWXUQHGRII
SULRUWRWKHVHOIFOHDQVWDUWWLPH
,I\RXUPRGHOKDVDODWFKODWFKWKHGRRU
7RXFKWKH6HOI&OHDQ SDG
8VLQJWKHQXPEHUSDGVHQWHUWKHGHVLUHG
FOHDQWLPH
7RXFKWKH'HOD\6WDUWSDG7KHHDUOLHVW
VWDUWWLPH\RXFDQVHWZLOODSSHDULQWKH
GLVSOD\
8VLQJWKHQXPEHUSDGVHQWHUWKHWLPHRI
GD\\RXZDQWWKHFOHDQF\FOHWRVWDUW
7RXFKWKH6WDUW SDG
2QPRGHOVZLWKRXWDGRRUODWFKWKHGRRUORFNV
DXWRPDWLFDOO\7KHGLVSOD\ZLOOVKRZWKHVWDUW
WLPH,WZLOOQRWEHSRVVLEOHWRRSHQWKHRYHQ
GRRUXQWLOWKHWHPSHUDWXUHGURSVEHORZWKH
ORFNWHPSHUDWXUHDQGWKH/2&.(''225 OLJKW
JRHVRII
7KHRYHQVKXWVRIIDXWRPDWLFDOO\ZKHQWKH
FOHDQF\FOHLVFRPSOHWH
:KHQWKH/2&.(''225OLJKWLVRIIVOLGH
WKHODWFKKDQGOHWRWKHOHIWDVIDUDVLWZLOO
JRDQGRSHQWKHGRRU,I\RXUUDQJHGRHV
QRWKDYHDODWFKWKHGRRUZLOOXQORFN
DXWRPDWLFDOO\
■
7KHZRUGV/2&.'225ZLOOIODVKDQGWKH
RYHQFRQWUROZLOOVLJQDOLI\RXVHWWKHFOHDQ
F\FOHDQGIRUJHWWRFORVHWKHRYHQGRRURU
IRUJHWWRODWFKWKHGRRURQPRGHOVZLWKD
ODWFK
■ 7RVWRSDFOHDQF\FOHWRXFKWKH&OHDU2II
SDG:KHQWKH/2&.(''225OLJKWJRHV
RIILQGLFDWLQJWKHRYHQKDVFRROHGEHORZWKH
ORFNLQJWHPSHUDWXUHXQODWFKWKHGRRURQ
PRGHOVZLWKDODWFKDQGRSHQWKHGRRU
$IWHUD&OHDQ&\FOH
<RXPD\QRWLFHVRPHZKLWHDVKLQWKHRYHQ
:LSHLWXSZLWKDGDPSFORWKDIWHUWKHRYHQ
FRROV
,IZKLWHVSRWVUHPDLQUHPRYHWKHPZLWKD
VRDSILOOHGVFRXULQJSDGDQGULQVHWKRURXJKO\
ZLWKDYLQHJDUDQGZDWHUPL[WXUH
7KHVHGHSRVLWVDUHXVXDOO\DVDOWUHVLGXHWKDW
FDQQRWEHUHPRYHGE\WKHFOHDQF\FOH
,IWKHRYHQLVQRWFOHDQDIWHURQHFOHDQF\FOH
UHSHDWWKHF\FOH
■
<RXFDQQRWVHWWKHRYHQIRUFRRNLQJXQWLOWKH
RYHQLVFRROHQRXJKIRUWKHGRRUWRXQORFN
■ :KLOHWKHRYHQLVVHOIFOHDQLQJ\RXFDQ
WRXFK
WKH&ORFN SDGWRGLVSOD\WKHWLPHRI
GD\7RUHWXUQWRWKHFOHDQFRXQWGRZQWRXFK
WKH&RRNLQJ7LPHSDG
■,IWKHVKHOYHVEHFRPHKDUGWRVOLGHDSSO\D
VPDOO
DPRXQWRIYHJHWDEOHRLORUFRRNLQJRLOWR
DSDSHUWRZHODQGZLSHWKHHGJHVRIWKHRYHQ
VKHOYHVZLWKWKHSDSHUWRZHO
*($SSOLDQFHVFRP

7XUQDOOFRQWUROV2)) EHIRUHUHPRYLQJWKH
EXUQHUSDUWV
7KHEXUQHUJUDWHVFDSVDQGEXUQHUKHDGV
FDQEHOLIWHGRIIPDNLQJWKHPHDV\WRFOHDQ
7KHEXUQHUEDVHVDQGHOHFWURGHVDUHQRW
UHPRYDEOH
&$87,21'RQRWRSHUDWHWKHFRRNWRS
ZLWKRXWDOOEXUQHUSDUWVDQGJUDWHV
LQSODFH
:KHQRQHEXUQHULVWXUQHGWR/,7(
DOOWKHEXUQHUVVSDUN'RQRWDWWHPSW
WRGLVDVVHPEOHRUFOHDQDURXQGDQ\
EXUQHUZKLOHDQRWKHUEXUQHULVRQ$Q
HOHFWULFVKRFNPD\UHVXOWZKLFKFRXOG
FDXVH\RXWRNQRFNRYHUKRWFRRNZDUH
%HVXUHHOHFWULFDOSRZHULVRIIDQGDOOVXUIDFHVDUHFRROEHIRUHFOHDQLQJDQ\SDUWRIWKHUDQJH
,I\RXUUDQJHLVUHPRYHGIRUFOHDQLQJVHUYLFLQJRUDQ\UHDVRQEHVXUHWKHDQWLWLSGHYLFH
LVUHHQJDJHGSURSHUO\ZKHQWKHUDQJHLVUHSODFHG)DLOXUHWRWDNHWKLVSUHFDXWLRQFRXOG
UHVXOWLQWLSSLQJRIWKHUDQJHDQGFDXVHLQMXU\
6HDOHG%XUQHU$VVHPEOLHV
*UDWH
(OHFWURGH
%XUQHUKHDG
%XUQHUFDS
(OHFWURGH
%XUQHUEDVH
&DUHDQGFOHDQLQJRIWKHUDQJH

127(%HIRUHUHPRYLQJWKHEXUQHU
FDSVDQGKHDGVUHPHPEHUWKHLUVL]H
DQGORFDWLRQ5HSODFHWKHPLQWKHVDPH
ORFDWLRQDIWHUFOHDQLQJ7KHWRSVLGHVRI
WKH5LJKW)URQW5LJKW5HDUDQG/HIW)URQW
EXUQHUKHDGVDUHPDUNHGZLWKWKHOHWWHUV
´5)µ´55µDQG´/)µUHVSHFWLYHO\WRDLG
UHDVVHPEO\
%XUQHUFDSV
/LIWRIIZKHQFRRO:DVKEXUQHUFDSVLQKRW
VRDS\ZDWHUDQGULQVHZLWKFOHDQZDWHU<RX
PD\VFRXUZLWKDSODVWLFVFRXULQJSDGWR
UHPRYHEXUQHGRQIRRGSDUWLFOHV
%XUQHUKHDGV
7KHVOLWVLQWKHEXUQHUKHDGVRI\RXUFRRNWRS
PXVWEHNHSWFOHDQDWDOOWLPHV
&ORJJHGRUGLUW\EXUQHUSRUWVRUHOHFWURGHV
ZLOOQRWDOORZWKHEXUQHUWRRSHUDWHSURSHUO\
$Q\VSLOORQRUDURXQGDQHOHFWURGHPXVWEH
FDUHIXOO\FOHDQHG7DNHFDUHWRQRWKLWDQ
HOHFWURGHZLWKDQ\WKLQJKDUGRULWFRXOGEH
GDPDJHG
<RXVKRXOGFOHDQWKHEXUQHUFDSVEXUQHU
KHDGVDQGEXUQHUEDVHVURXWLQHO\HVSHFLDOO\
DIWHUEDGVSLOORYHUVZKLFKFRXOGFORJWKH
RSHQLQJVLQWKHEXUQHUKHDGV
/LIWRIIZKHQFRRO
7RUHPRYHEXUQHGRQIRRGVRDNWKHEXUQHU
KHDGVLQDVROXWLRQRIPLOGOLTXLGGHWHUJHQW
DQGKRWZDWHUIRU²PLQXWHV)RUPRUH
VWXEERUQVWDLQVXVHDWRRWKEUXVK
$IWHUFOHDQLQJ
%HIRUHSXWWLQJWKHEXUQHUFDSVDQGKHDGV
EDFNVKDNHRXWH[FHVVZDWHUDQGWKHQGU\
WKHPWKRURXJKO\E\VHWWLQJLQDZDUPRYHQ
IRUPLQXWHV
127('RQRWXVHVWHHOZRRORUVFRXULQJ
SRZGHUVWRFOHDQWKHEXUQHUVRUHOHFWURGHV7KLV
FDQGDPDJHWKHEXUQHUVDQGHOHFWULFDOO\VKRUW
WKHHOHFWURGHV
5HSODFHPHQW
7KHWRSVLGHVRIWKH5LJKW)URQW5LJKW5HDU
DQG/HIW)URQWEXUQHUKHDGVDUHPDUNHGZLWK
WKHOHWWHUV´5)µ´55µDQG´/)µUHVSHFWLYHO\WR
DLGUHDVVHPEO\
%XUQHU&DSVDQG+HDGV
:KHQUHSODFLQJPDNHVXUHWKHORFDWRUSLQVLQWKHEXUQHU
KHDGDUHVHDWHGLQWKHSLQVORWVRIWKHEXUQHUEDVH5RWDWH
WKHEXUQHUKHDGDURXQGWKHEXUQHUEDVHXQWLOLWLVOHYHODQG
VHFXUHO\VHDWHG
*($SSOLDQFHVFRP
5HSODFHWKHEXUQHUKHDGVRQWKHEDVHV
PDWFKLQJWKHOHWWHUV5HSODFHWKHFDSVRQ
WKHKHDGV0DNHVXUHWKDWWKHFDSVDQG
KHDGVDUHUHSODFHGLQWKHFRUUHFWORFDWLRQ
7KHUHLVRQHVPDOORQHPHGLXPRQHODUJH
DQGRQHH[WUDODUJHKHDGDQGFDS
)URQWRI
UDQJH
0HGLXPKHDG
QRWPDUNHG
DQGFDS
6PDOOKHDG
DQGFDS
/DUJH
KHDGDQG
FDS
([WUDODUJH
KHDGDQG
FDS
/RFDWRU
SLQV
3LQVORWV
/)
55
5)

%XUQHU*UDWHV
<RXUUDQJHKDVWKUHHSURIHVVLRQDOVW\OHGRXEOH
JUDWHV7KHVHJUDWHVDUHSRVLWLRQVSHFLILF)RU
PD[LPXPVWDELOLW\WKHVHJUDWHVVKRXOGRQO\
EHXVHGLQWKHLUSURSHUSRVLWLRQWKH\FDQQRW
EHLQWHUFKDQJHGOHIWWRULJKWRUIURQWWREDFN
)RUFRQYHQLHQFHWKHXQGHUVLGHVRIWKHOHIWDQG
ULJKWJUDWHVDUHPDUNHG´/()7)5217µDQG
´5,*+7)5217µ0DNHVXUHWKHIURQWSRUWLRQRI
ERWKJUDWHVLVLQIURQW7KHPLGGOHJUDWHKDVD
ERZLQIURQW0DNHVXUHWKHERZHGSRUWLRQLV
WRZDUGVWKHIURQWRIWKHUDQJH
&OHDQLQJ
/LIWRXWZKHQFRRO*UDWHVVKRXOGEHZDVKHG
UHJXODUO\DQGRIFRXUVHDIWHUVSLOORYHUV:DVK
WKHPLQKRWVRDS\ZDWHUDQGULQVHZLWKFOHDQ
ZDWHU:KHQUHSODFLQJWKHJUDWHVEHVXUH
WKH\DUHSRVLWLRQHGVHFXUHO\RYHUWKHEXUQHUV
5HSODFHWKHJUDWHVVRWKDWFRQWLQXRXVDUFVDUH
IRUPHGZLWKWKHFHQWHUULEVRIDOOWKUHHJUDWHV
'RQRWRSHUDWHDEXUQHUIRUDQH[WHQGHGSHULRG
RIWLPHZLWKRXWFRRNZDUHRQWKHJUDWH7KH
ILQLVKRQWKHJUDWHPD\FKLSZLWKRXWFRRNZDUH
WRDEVRUEWKHKHDW
7RJHWULGRIEXUQHGRQIRRGSODFHWKHJUDWHV
LQDFRYHUHGFRQWDLQHU$GGFXSDPPRQLD
DQGOHWWKHPVRDNVHYHUDOKRXUVRURYHUQLJKW
:DVKULQVHZHOODQGGU\
$OWKRXJKWKH\DUHGXUDEOHWKHJUDWHVZLOO
JUDGXDOO\ORVHWKHLUVKLQHUHJDUGOHVVRIWKH
EHVWFDUH\RXFDQJLYHWKHP7KLVLVGXHWRWKHLU
FRQWLQXDOH[SRVXUHWRKLJKWHPSHUDWXUHV<RX
ZLOOQRWLFHWKLVVRRQHUZLWKOLJKWHUFRORUJUDWHV
127('RQRWFOHDQWKHJUDWHVLQDVHOIFOHDQLQJ
RYHQ
&RRNWRS6XUIDFHRQSRUFHODLQFRRNWRSPRGHOV
7RDYRLGGDPDJLQJWKHSRUFHODLQHQDPHO
VXUIDFHRIWKHFRRNWRSDQGWRSUHYHQWLW
IURPEHFRPLQJGXOOFOHDQXSVSLOOVULJKWDZD\
)RRGVZLWKDORWRIDFLGWRPDWRHVVDXHUNUDXW
IUXLWMXLFHVHWFRUIRRGVZLWKKLJKVXJDU
FRQWHQWFRXOGFDXVHDGXOOVSRW
LIDOORZHGWRVHW
:KHQWKHVXUIDFHKDVFRROHGZDVKDQGULQVH
)RURWKHUVSLOOVVXFKDVIDWVSDWWHULQJVHWF
ZDVKZLWKVRDSDQGZDWHURQFHWKHVXUIDFH
KDVFRROHG7KHQULQVHDQGSROLVKZLWKDGU\
FORWK
127('RQRWVWRUHIODPPDEOHPDWHULDOVLQ
DQXSSHURYHQRUORZHURYHQGUDZHU
RUQHDUWKHFRRNWRS'RQRWVWRUHRUXVH
FRPEXVWLEOHPDWHULDOVJDVROLQHRURWKHU
IODPPDEOHYDSRUVDQGOLTXLGVLQWKHYLFLQLW\RI
WKLVRUDQ\RWKHUDSSOLDQFH
127('RQRWOLIWWKHFRRNWRS/LIWLQJWKHFRRNWRS
FDQOHDGWRGDPDJHDQGLPSURSHURSHUDWLRQRI
WKHUDQJH
7KHJUDWHVPD\EHFOHDQHGLQD
GLVKZDVKHU
$SSHDUDQFHPD\YDU\
6WDLQOHVV6WHHO6XUIDFHV
RQVRPHPRGHOV
'RQRWXVHDVWHHOZRROSDGLWZLOOVFUDWFK
WKHVXUIDFH
7RFOHDQWKHVWDLQOHVVVWHHOVXUIDFHXVH
ZDUPVXGV\ZDWHURUDVWDLQOHVVVWHHOFOHDQHU
RUSROLVK$OZD\VZLSHWKHVXUIDFHLQWKH
GLUHFWLRQRIWKHJUDLQ)ROORZWKHFOHDQHU
LQVWUXFWLRQVIRUFOHDQLQJWKHVWDLQOHVVVWHHO
VXUIDFH
7RLQTXLUHDERXWSXUFKDVLQJVWDLQOHVVVWHHO
DSSOLDQFHFOHDQHURUSROLVKRUWRILQGWKH
ORFDWLRQRIDGHDOHUQHDUHVW\RXSOHDVHFDOORXU
WROOIUHHQXPEHU
1DWLRQDO3DUWV&HQWHU86
&DQDGD
*($SSOLDQFHVFRP86
ZZZ*($SSOLDQFHVFD&DQDGD
&DUHDQGFOHDQLQJRIWKHUDQJH
/HIW)URQW
5LJKW)URQW
&HQWHU
$UFV

1RUPDO'DLO\8VH&OHDQLQJ
21/<XVH&(5$0$%5<7(
&HUDPLF&RRNWRS
&OHDQHURQWKHJODVVFRRNWRS2WKHUFUHDPV
PD\QRWEHDVHIIHFWLYH
7RPDLQWDLQDQGSURWHFWWKHVXUIDFHRI\RXU
JODVVFRRNWRSIROORZWKHVHVWHSV
%HIRUHXVLQJWKHFRRNWRSIRUWKH
ILUVWWLPHFOHDQLWZLWK&(5$0$%5<7(
&HUDPLF&RRNWRS&OHDQHU7KLVKHOSV
SURWHFWWKHWRSDQGPDNHVFOHDQXS
HDVLHU
'DLO\XVHRI&(5$0$%5<7(
&HUDPLF
&RRNWRS&OHDQHUZLOOKHOSNHHSWKH
FRRNWRSORRNLQJQHZ
5HPRYHWKHEXUQHUJUDWHV
6KDNHWKHFOHDQLQJFUHDPZHOO$SSO\D
IHZGURSVRI&(5$0$%5<7(
&HUDPLF
&RRNWRS&OHDQHUGLUHFWO\WRWKHFRRNWRS
8VHDSDSHUWRZHORU&(5$0$%5<7(
&OHDQLQJ3DGIRU&HUDPLF&RRNWRSVWR
FOHDQWKHHQWLUHFRRNWRSVXUIDFH
8VHDGU\FORWKRUSDSHUWRZHO
WRUHPRYHDOOFOHDQLQJUHVLGXH
1RQHHGWRULQVH%HVXUHQRH[FHVV
UHVLGXHLVOHIWRQWKHHOHFWURGHVRUEXUQHU
SDUWV
127(,WLVYHU\LPSRUWDQWWKDW\RX'2127
KHDWWKHFRRNWRSXQWLOLWKDVEHHQFOHDQHG
WKRURXJKO\
%XUQHG2Q5HVLGXH
:$51,1*'$0$*(WR\RXUJODVVVXUIDFHPD\
RFFXULI\RXXVHVFUXESDGVRWKHUWKDQWKRVH
UHFRPPHQGHG
$OORZWKHFRRNWRSWRFRRO
5HPRYHWKHEXUQHUJUDWHV6SUHDGDIHZ
GURSVRI&(5$0$%5<7(
&HUDPLF
&RRNWRS&OHDQHUWRWKHHQWLUHEXUQHG
UHVLGXHDUHD
8VLQJWKHLQFOXGHG&(5$0$%5<7(
&OHDQLQJ3DGIRU&HUDPLF&RRNWRSVUXE
WKHUHVLGXHDUHDDSSO\LQJSUHVVXUHDV
QHHGHG
,IDQ\UHVLGXHUHPDLQVUHSHDWWKHVWHSV
OLVWHGDERYHDVQHHGHG
)RUDGGLWLRQDOSURWHFWLRQDIWHUDOOUHVLGXH
KDVEHHQUHPRYHGSROLVKWKHHQWLUH
VXUIDFHZLWK&(5$0$%5<7(
&HUDPLF
&RRNWRS&OHDQHUDQGDSDSHUWRZHO
&OHDQ\RXUFRRNWRS
DIWHUHDFKVSLOO8VH
&(5$0$%5<7(
&HUDPLF
&RRNWRS&OHDQHU
7KH&(5$0$%5<7(
&HUDPLF
&RRNWRS6FUDSHUDQGDOO
UHFRPPHQGHGVXSSOLHVDUH
DYDLODEOHWKURXJKRXU3DUWV&HQWHU
6HHLQVWUXFWLRQVXQGHU´7R2UGHU
3DUWVµVHFWLRQRQQH[WSDJH
127('RQRWXVHDGXOORU
QLFNHGEODGH
+HDY\%XUQHG2Q5HVLGXH
$OORZWKHFRRNWRSWRFRRO
5HPRYHWKHEXUQHUJUDWHV
8VHDVLQJOHHGJHUD]RUEODGHVFUDSHUDW
DSSUR[LPDWHO\DDQJOHDJDLQVWWKH
JODVVVXUIDFHDQGVFUDSHWKHVRLO,WZLOOEH
QHFHVVDU\WRDSSO\SUHVVXUHWRWKHUD]RU
VFUDSHULQRUGHUWRUHPRYHWKHUHVLGXH
$IWHUVFUDSLQJZLWKWKHUD]RUVFUDSHU
VSUHDGDIHZGURSVRI&(5$0$%5<7(
&HUDPLF&RRNWRS&OHDQHUWRWKHHQWLUH
EXUQHGUHVLGXHDUHD8VHWKH
&(5$0$%5<7(
&OHDQLQJ3DGWRUHPRYH
DQ\UHPDLQLQJUHVLGXH
)RUDGGLWLRQDOSURWHFWLRQDIWHUDOOUHVLGXH
KDVEHHQUHPRYHGSROLVKWKHHQWLUH
VXUIDFHZLWK&(5$0$%5<7(
&HUDPLF
&RRNWRS&OHDQHUDQGDSDSHUWRZHO
8VHD&(5$0$%5<7(
&OHDQLQJ
3DGIRU&HUDPLF&RRNWRSVRUD
6FRWFK%ULWH
0XOWL3XUSRVH1R
6FUDWFKEOXHVFUXESDG
&OHDQLQJWKHJODVVFRRNWRSRQVRPHPRGHOV *($SSOLDQFHVFRP

7XUQRIIDOOVXUIDFHEXUQHUVDQGZLWKDQ
RYHQPLWWUHPRYHKRWSDQVDQGJUDWHV
:HDULQJDQRYHQPLWW
D8VHDVLQJOHHGJHUD]RUEODGHVFUDSHU
&(5$0$%5<7(
&HUDPLF&RRNWRS
6FUDSHUWRPRYHWKHVSLOOWRDFRRO
DUHDRQWKHFRRNWRS
E5HPRYHWKHVSLOOZLWKSDSHUWRZHOV
$Q\UHPDLQLQJVSLOORYHUVKRXOGEH
OHIWXQWLOWKHVXUIDFHRIWKHFRRNWRS
KDVFRROHG
'RQ·WXVHWKHVXUIDFHXQLWVDJDLQXQWLO
DOORIWKHUHVLGXHKDVEHHQFRPSOHWHO\
UHPRYHG
127(,ISLWWLQJRULQGHQWDWLRQLQWKHJODVV
VXUIDFHKDVDOUHDG\RFFXUUHGWKHFRRNWRS
JODVVZLOOKDYHWREHUHSODFHG,QWKLVFDVH
VHUYLFHZLOOEHQHFHVVDU\
'DPDJHIURP6XJDU\6SLOOVDQG0HOWHG3ODVWLF
7RRUGHU&(5$0$%5<7(
&HUDPLF&RRNWRS
&OHDQHUDQGWKHFRRNWRSVFUDSHUSOHDVHFDOO
RXUWROOIUHHQXPEHU
1DWLRQDO3DUWV
&HQWHU
86
&DQDGD
&(5$0$%5<7(
&HUDPLF&RRNWRS&OHDQHU :;;
&(5$0$%5<7(
&HUDPLF&RRNWRS6FUDSHU:;;
.LW:%;
.LWLQFOXGHVFUHDPDQGUD]RUVFUDSHU
&(5$0$%5<7(
&OHDQLQJ3DGV
IRU&HUDPLF&RRNWRSV:;;
7R2UGHU3DUWV
&OHDQLQJWKHJODVVFRRNWRSRQVRPHPRGHOV
*ODVVVXUIDFH³SRWHQWLDOIRUSHUPDQHQWGDPDJH
2XUWHVWLQJVKRZVWKDWLI
\RXDUHFRRNLQJKLJKVXJDU
PL[WXUHVVXFKDVMHOO\RU
IXGJHDQGKDYHDVSLOORYHU
LWFDQFDXVHSHUPDQHQW
GDPDJHWRWKHJODVV
VXUIDFHXQOHVVWKHVSLOORYHU
LVLPPHGLDWHO\UHPRYHG
7RFOHDQWKHFRRNWRSVHDODURXQGWKHHGJHV
RIWKHJODVVOD\DZHWFORWKRQLWIRUDIHZ
PLQXWHVWKHQZLSHFOHDQZLWKQRQDEUDVLYH
FOHDQHUV
&RRNWRS6HDO

/LIW2II2YHQ'RRU
7KHRYHQGRRULVUHPRYDEOHEXWLWLVKHDY\<RX
PD\QHHGKHOSUHPRYLQJDQGUHSODFLQJWKHGRRU
7RUHPRYHWKHGRRU RSHQLWDIHZLQFKHV
WRWKHVSHFLDOVWRSSRVLWLRQWKDWZLOOKROGWKH
GRRURSHQ*UDVSILUPO\RQHDFKVLGHDQGOLIW
WKHGRRUVWUDLJKWXSDQGRIIWKHKLQJHV
127(%HFDUHIXOQRWWRSODFHKDQGVEHWZHHQ
WKHKLQJHDQGWKHRYHQGRRUIUDPHDVWKHKLQJH
FRXOGVQDSEDFNDQGSLQFKILQJHUV
7RUHSODFHWKHGRRU PDNHVXUHWKHKLQJHV
DUHLQWKHVSHFLDOVWRSSRVLWLRQ3RVLWLRQWKH
VORWVLQWKHERWWRPRIWKHGRRUVTXDUHO\RYHU
WKHKLQJHV7KHQORZHUWKHGRRUVORZO\DQG
HYHQO\RYHUERWKKLQJHVDWWKHVDPHWLPH,IWKH
KLQJHVVQDSEDFNDJDLQVWWKHRYHQIUDPHSXOO
WKHPEDFNRXW
7RFOHDQWKHLQVLGHRIWKHGRRU
■'RQRWDOORZH[FHVVZDWHUWRUXQLQWRDQ\
KROHVRUVORWVLQWKHGRRU
■%HFDXVHWKHDUHDLQVLGHWKHJDVNHWLV
FOHDQHGGXULQJWKHVHOIFOHDQF\FOH\RXGR
QRWQHHGWRFOHDQWKLVE\KDQG$Q\VRDSOHIW
RQWKHOLQHUFDXVHVDGGLWLRQDOVWDLQVZKHQ
WKHRYHQLVKHDWHG
■7KHDUHDRXWVLGHWKHJDVNHWFDQ
EHFOHDQHGZLWKDVRDSILOOHGSODVWLFVFRXULQJ
SDG
7RFOHDQWKHRXWVLGHRIWKHGRRU
■8VHVRDSDQGZDWHUWRWKRURXJKO\FOHDQWKH
WRSVLGHVDQGIURQWRIWKHRYHQGRRU5LQVH
ZHOO<RXPD\DOVRXVHDJODVVFOHDQHUWR
FOHDQWKHJODVVRQWKHRXWVLGH
RIWKHGRRU
■6SLOODJHRIPDULQDGHVIUXLWMXLFHVWRPDWR
VDXFHVDQGEDVWLQJPDWHULDOVFRQWDLQLQJ
DFLGVPD\FDXVHGLVFRORUDWLRQDQGVKRXOGEH
ZLSHGXSLPPHGLDWHO\:KHQWKHVXUIDFHLV
FRROFOHDQDQGULQVH
■'RQRWXVHRYHQFOHDQHUVFOHDQVLQJSRZGHUV
RUKDUVKDEUDVLYHVRQWKHRXWVLGHRIWKHGRRU
/LIWWKHGRRUVWUDLJKWXSDQGRII
WKHKLQJHV
7KHJDVNHWLVGHVLJQHGZLWKDJDS
DWWKHERWWRPWRDOORZIRUSURSHU
DLUFLUFXODWLRQ
'RQRWUXERUFOHDQWKHGRRU
JDVNHW³LWKDVDQH[WUHPHO\ORZ
UHVLVWDQFHWRDEUDVLRQ
,I\RXQRWLFHWKHJDVNHWEHFRPLQJ
ZRUQIUD\HGRUGDPDJHGLQDQ\
ZD\RULILWKDVEHFRPHGLVSODFHG
RQWKHGRRU\RXVKRXOGKDYHLW
UHSODFHG
2YHQ%RWWRP
7KHRYHQERWWRPKDVDSRUFHODLQHQDPHOILQLVK
7RPDNHFOHDQLQJHDVLHUSURWHFWWKHRYHQ
ERWWRPIURPH[FHVVLYHVSLOORYHUVE\SODFLQJD
FRRNLHVKHHWRQWKHVKHOIEHORZWKHVKHOI\RX
DUHFRRNLQJRQ7KLVLVSDUWLFXODUO\LPSRUWDQW
ZKHQEDNLQJDIUXLWSLHRURWKHUIRRGVZLWK
DKLJKDFLGFRQWHQW+RWIUXLWILOOLQJVRURWKHU
IRRGVWKDWDUHKLJKO\DFLGLFVXFKDVWRPDWRHV
VDXHUNUDXWDQGVDXFHVZLWKYLQHJDURUOHPRQ
MXLFHPD\FDXVHSLWWLQJDQGGDPDJHWRWKH
SRUFHODLQHQDPHOVXUIDFHDQGVKRXOGEHZLSHG
XSLPPHGLDWHO\
:HGRQ·WUHFRPPHQGXVLQJDOXPLQXPIRLORQ
WKHRYHQERWWRP,WFDQDIIHFWDLUIORZLIWKH
KROHVDUHEORFNHGDQGLWFDQFRQFHQWUDWHKHDW
DWWKHERWWRPRIWKHRYHQUHVXOWLQJLQSRRU
EDNLQJSHUIRUPDQFH
7RFOHDQXSVSLOORYHUVXVHVRDSDQGZDWHU
DQDEUDVLYHFOHDQHURUVRDSILOOHGVFRXULQJ
SDG5LQVHZHOOWRUHPRYHDQ\VRDSEHIRUHVHOI
FOHDQLQJ
&DUHDQGFOHDQLQJRIWKHUDQJH *($SSOLDQFHVFRP

5HPRYDEOH/RZHU2YHQ'UDZHU
0RVWFOHDQLQJFDQEHGRQHZLWKWKHGUDZHULQ
SODFH+RZHYHUWKHGUDZHUPD\EHUHPRYHGLI
IXUWKHUFOHDQLQJLVQHHGHG8VHVRDSDQGZDUP
ZDWHUWRWKRURXJKO\FOHDQ
7RUHPRYHWKHGUDZHU
3XOOWKHGUDZHUVWUDLJKWRXWXQWLOLWVWRSV
3UHVVWKHWDEVRQERWKVLGHVLQZKLOH
SXOOLQJWKHGUDZHUIRUZDUGDQGIUHH
7RUHSODFHWKHGUDZHU
3ODFHWKHOHIWGUDZHUUDLODURXQGWKH
LQQHUOHIWUDLOJXLGHDQGVOLGHLWLQVOLJKWO\
WRKRRNLW
3ODFHWKHULJKWGUDZHUUDLODURXQGWKH
LQQHUULJKWUDLOJXLGHDQGVOLGHLWLQVOLJKWO\
WRKRRNLW
6OLGHWKHGUDZHUDOOWKHZD\LQ
127()RUPRGHOVZLWKDQHOHFWULFGUDZHU
EHIRUHSHUIRUPLQJDQ\DGMXVWPHQWVFOHDQLQJ
RUVHUYLFHGLVFRQQHFWWKHUDQJHHOHFWULFDO
SRZHUVXSSO\DWWKHKRXVHKROGGLVWULEXWLRQ
SDQHOE\UHPRYLQJWKHIXVHRUVZLWFKLQJRII
WKHFLUFXLWEUHDNHU0DNHVXUHWKHGUDZHU
KHDWLQJHOHPHQWLVFRRO
&DUHDQGFOHDQLQJRIWKHUDQJH
5HPRYDEOH/RZHU2YHQ'UDZHU3DQ
127($OORZORZHURYHQGUDZHUWRFRROEHIRUH
UHPRYLQJSDQ
127(:LSHVSLOOVSURPSWO\DIWHUHDFKXVH
■1HYHUSODFHXVHRUVHOIFOHDQWKHORZHURYHQ
GUDZHUSDQLQWKHXSSHURYHQ
■/RZHURYHQGUDZHUKDVDUHPRYDEOHSDQIRU
HDV\FOHDQLQJ&OHDQZLWKKRWVRDS\ZDWHU
DQGDVSRQJHRUGLVKWRZHO'U\ZLWKDFOHDQ
FORWK$QRYHQFOHDQHUVXFKDV(DV\2II
PD\DOVREHXVHG%HVXUHWRIROORZWKH
GLUHFWLRQVRQWKHRYHQFOHDQHU5HSODFHWKH
SDQLQWKHORZHURYHQGUDZHU
127()RUPRGHOVZLWKDQHOHFWULFGUDZHU
EHIRUHSHUIRUPLQJDQ\DGMXVWPHQWVFOHDQLQJ
RUVHUYLFHGLVFRQQHFWWKHUDQJHHOHFWULFDO
SRZHUVXSSO\DWWKHKRXVHKROGGLVWULEXWLRQ
SDQHOE\UHPRYLQJWKHIXVHRUVZLWFKLQJRIIWKH
FLUFXLWEUHDNHU0DNHVXUHWKHGUDZHUKHDWLQJ
HOHPHQWLVFRRO

2YHQ$LU9HQWV
1HYHUEORFNWKHYHQWVDLURSHQLQJVRIWKH
UDQJH7KH\SURYLGHWKHDLULQOHWDQGRXWOHWWKDW
DUHQHFHVVDU\IRUWKHUDQJHWRRSHUDWHSURSHUO\
ZLWKFRUUHFWFRPEXVWLRQ
$LURSHQLQJVDUHORFDWHGDWWKHUHDURI
WKHFRRNWRSDWWKHWRSDQGERWWRPRIWKH
RYHQGRRUDQGDWWKHERWWRPRIWKHUDQJH
XQGHUWKHORZHURYHQGUDZHU
8SSHU&RQWURO3DQHO
2QPRGHOVVRHTXLSSHGORFNRXWWKHWRXFKSDGV
EHIRUHFOHDQLQJ
6HHWKH&RQWURO/RFNRXWLQIRUPDWLRQLQWKH
6SHFLDOIHDWXUHVRI\RXURYHQFRQWUROVHFWLRQLQ
WKLVPDQXDO
&OHDQXSVSODWWHUVZLWKDGDPSFORWK
<RXPD\DOVRXVHDJODVVFOHDQHU
5HPRYHKHDYLHUVRLOZLWKZDUPVRDS\ZDWHU
'RQRWXVHDEUDVLYHVRIDQ\NLQG
8QORFNWKHWRXFKSDGVDIWHUFOHDQLQJ
9HQWDSSHDUDQFHDQGORFDWLRQYDU\
/RZHU&RQWURO3DQHO)URQW0DQLIROG3DQHODQG.QREV
,W·VDJRRGLGHDWRZLSHWKHFRQWUROSDQHODIWHU
HDFKXVHRIWKHRYHQ8VHDGDPSFORWKWR
FOHDQRUULQVH)RUFOHDQLQJXVHPLOGVRDSDQG
ZDWHURUDVROXWLRQRIYLQHJDUDQGZDWHU
)RUULQVLQJXVHFOHDQZDWHU3ROLVKGU\ZLWKD
VRIWFORWK
'RQRWXVHDEUDVLYHFOHDQVHUVVWURQJOLTXLG
FOHDQHUVSODVWLFVFRXULQJSDGVRURYHQFOHDQHUV
RQWKHFRQWUROSDQHO³WKH\ZLOOGDPDJHWKH
ILQLVK
'RQRWWU\WREHQGNQREVE\SXOOLQJWKHPXS
RUGRZQRUE\KDQJLQJDWRZHORURWKHUVXFK
ORDGV7KLVFDQGDPDJHWKHJDVYDOYHVKDIW
7KHFRQWURONQREVPD\EHUHPRYHGIRUHDVLHU
FOHDQLQJ0DNHVXUHWKHNQREVDUHLQWKH2))
SRVLWLRQVDQGSXOOWKHPVWUDLJKWRIIWKHVWHPV
IRUFOHDQLQJ
7KHNQREVFDQEHFOHDQHGLQDGLVKZDVKHURU
WKH\PD\DOVREHZDVKHGZLWKVRDSDQGZDWHU
0DNHVXUHWKHLQVLGHVRIWKHNQREVDUHGU\
EHIRUHUHSODFLQJ
5HSODFHWKHNQREVLQWKH2)) SRVLWLRQWR
HQVXUHSURSHUSODFHPHQW
0HWDOSDUWVFDQEHFOHDQHGZLWKVRDSDQG
ZDWHU'RQRWXVHVWHHOZRRODEUDVLYHV
DPPRQLDDFLGVRUFRPPHUFLDORYHQFOHDQHUV
'U\ZLWKDVRIWFORWK
127(7KHORZHURYHQGUDZHUFRQWURONQRE
LVQRWLQWHUFKDQJHDEOHZLWKWKHVXUIDFHEXUQHU
NQREV%HVXUHWRUHLQVWDOOWKHORZHURYHQGUDZHU
NQREWRWKHRULJLQDOORFDWLRQ7KHORZHURYHQ
GUDZHUNQREPD\EHLGHQWLILHGE\WKHUHGOLQH
6XUIDFHEXUQHUNQREVKDYHDZKLWHOLQH
6XUIDFHEXUQHUNQRE
/RZHURYHQGUDZHUNQRE
*($SSOLDQFHVFRP
5HGOLQH

2YHQ6KHOYHVDQG'UDZHU5DFNV
,I\RXURYHQLVHTXLSSHGZLWKQLFNHORYHQ
VKHOYHVWKH\VKRXOGEHUHPRYHGIURPWKHRYHQ
EHIRUHEHJLQQLQJWKHVHOIFOHDQF\FOH
7RFOHDQWKHQLFNHOVKHOYHVXVHDQDEUDVLYH
FOHDQVHU$IWHUFOHDQLQJULQVHWKHVKHOYHV
ZLWKFOHDQZDWHUDQGGU\ZLWKDFOHDQFORWK
,IWKHVKHOYHVHYHUEHFRPHKDUGWRVOLGHZLSH
WKHVKHOIHGJHVRURYHQVKHOIVXSSRUWVZLWK
YHJHWDEOHRLO
,I\RXURYHQLVHTXLSSHGZLWKJUD\SRUFHODLQ
FRDWHGVKHOYHVWKH\PD\EHFOHDQHGLQWKH
RYHQGXULQJWKHVHOIFOHDQF\FOH
7KH\PD\DOVREHFOHDQHGE\XVLQJDQDEUDVLYH
FOHDQVHU$IWHUFOHDQLQJULQVHWKHVKHOYHV
ZLWKFOHDQZDWHUDQGGU\ZLWKDFOHDQFORWK
,IWKHVKHOYHVHYHUEHFRPHKDUGWRVOLGHZLSH
WKHVKHOIHGJHVRURYHQVKHOIVXSSRUWVZLWK
YHJHWDEOHRLO
2YHQ/LJKW5HSODFHPHQW
&$87,21%HIRUHUHSODFLQJ\RXURYHQOLJKWEXOE
GLVFRQQHFWWKHHOHFWULFDOSRZHUWRWKHUDQJHDW
WKHPDLQIXVHRUFLUFXLWEUHDNHUSDQHO%HVXUHWR
OHWWKHOLJKWFRYHUDQGEXOEFRROFRPSOHWHO\
7KHRYHQOLJKWEXOELVFRYHUHGZLWKDUHPRYDEOH
JODVVFRYHUWKDWLVKHOGLQSODFHZLWKD
EDLOVKDSHGZLUH5HPRYHWKHRYHQGRRULI
GHVLUHGWRUHDFKFRYHUHDVLO\
7RUHPRYH
+ROGDKDQGXQGHUWKHFRYHUVRLWGRHVQ·W
IDOOZKHQUHOHDVHG:LWKILQJHUVRIWKH
VDPHKDQGILUPO\SXVKEDFNWKHZLUH
FRYHUKROGHU/LIWRIIWKHFRYHU
'RQRWUHPRYHDQ\VFUHZVWRUHPRYHWKH
FRYHU
'RQRWWRXFKKRWEXOEZLWKDZHWFORWK
5HSODFHEXOEZLWKDZDWWKRXVHKROG
DSSOLDQFHEXOE
7RUHSODFHFRYHU
3ODFHLWLQWRWKHJURRYHRIWKHOLJKW
UHFHSWDFOH3XOOWKHZLUHIRUZDUGWRWKH
FHQWHURIWKHFRYHUXQWLOLWVQDSVLQWR
SODFH:KHQLQSODFHWKHZLUHKROGVWKH
FRYHUILUPO\%HFHUWDLQWKHZLUHLVLQWKH
GHSUHVVLRQLQWKHFHQWHURIWKHFRYHU
&RQQHFWHOHFWULFDOSRZHUWRWKHUDQJH
:LUHFRYHUKROGHU
&DUHDQGFOHDQLQJRIWKHUDQJH

%()25(<28%(*,1
5HDGWKHVHLQVWUXFWLRQVFRPSOHWHO\DQGFDUHIXOO\
,QVWDOODWLRQRIWKLVUDQJHPXVWFRQIRUPZLWKORFDO
FRGHVRULQWKHDEVHQFHRIORFDOFRGHVZLWKWKH
1DWLRQDO)XHO*DV&RGH$16,=1)3$ODWHVW
HGLWLRQ,Q&DQDGDLQVWDOODWLRQPXVWFRQIRUPZLWK
WKHFXUUHQW1DWXUDO*DV,QVWDOODWLRQ&RGH&$1
&*$%RUWKHFXUUHQW3URSDQH,QVWDOODWLRQ
&RGH&$1&*$%DQGZLWKORFDOFRGHVZKHUH
DSSOLFDEOH7KLVUDQJHKDVEHHQGHVLJQFHUWLILHGE\
&6$,QWHUQDWLRQDODFFRUGLQJWR$16,=ODWHVW
HGLWLRQDQG&DQDGLDQ*DV$VVRFLDWLRQDFFRUGLQJ
WR&$1&*$ODWHVWHGLWLRQ
$VZLWKDQ\DSSOLDQFHXVLQJJDVDQGJHQHUDWLQJKHDW
WKHUHDUHFHUWDLQVDIHW\SUHFDXWLRQV\RXVKRXOGIROORZ
<RXZLOOILQGWKHVHSUHFDXWLRQVLQWKH,PSRUWDQW6DIHW\
,QIRUPDWLRQVHFWLRQLQWKHIURQWRIWKLVPDQXDO5HDG
WKHPFDUHIXOO\
,03257$17²6DYHWKHVHLQVWUXFWLRQVIRU
ORFDOHOHFWULFDOLQVSHFWRU·VXVH
,03257$17²2EVHUYHDOOJRYHUQLQJ
FRGHVDQGRUGLQDQFHV
1RWHWR,QVWDOOHU²/HDYHWKHVHLQVWUXFWLRQVZLWK
WKHDSSOLDQFHDIWHULQVWDOODWLRQLVFRPSOHWHG
1RWHWR&RQVXPHU².HHSWKLV2ZQHU·V0DQXDO
DQG,QVWDOODWLRQ,QVWUXFWLRQVIRUIXWXUHUHIHUHQFH
1RWH²7KLVDSSOLDQFHPXVWEHSURSHUO\JURXQGHG
6HUYLFHU²7KHHOHFWULFDOGLDJUDPLVLQDQHQYHORSH
DWWDFKHGWRWKHEDFNRIWKHUDQJH
6NLOOOHYHO²,QVWDOODWLRQRIWKLVDSSOLDQFHUHTXLUHV
EDVLFPHFKDQLFDOVNLOOV
3URSHULQVWDOODWLRQLVWKHUHVSRQVLELOLW\RIWKHLQVWDOOHU
3URGXFWIDLOXUHGXHWRLPSURSHULQVWDOODWLRQLVQRW
FRYHUHGXQGHUWKH:DUUDQW\
,QVWDOODWLRQ
5DQJH
,QVWUXFWLRQV
'RQRWVWRUHRUXVHFRPEXVWLEOHPDWHULDOVJDVROLQH
RURWKHUIODPPDEOHYDSRUVDQGOLTXLGVLQWKHYLFLQLW\
RIWKLVRUDQ\RWKHUDSSOLDQFH
,I\RXVPHOOJDV
2SHQZLQGRZV
'RQ·WWRXFKHOHFWULFDOVZLWFKHV
([WLQJXLVKDQ\RSHQIODPH
,PPHGLDWHO\FDOO\RXUJDVVXSSOLHU
)25<2856$)(7<
,QWKH&RPPRQZHDOWK
RI0DVVDFKXVHWWV
7KLVSURGXFWPXVWEHLQVWDOOHGE\DOLFHQVHGSOXPEHU
RUJDVILWWHU
:KHQXVLQJEDOOW\SHJDVVKXWRIIYDOYHVWKH\VKDOO
EHWKH7KDQGOHW\SH
$IOH[LEOHJDVFRQQHFWRUZKHQXVHGPXVWQRWH[FHHG
IHHW
722/6<28:,//1(('
)ODWEODGHVFUHZGULYHU
3LSHZUHQFKHV
RQHIRUEDFNXS
3KLOOLSVVFUHZGULYHU
2SHQHQGRU
DGMXVWDEOHZUHQFK
3HQFLODQGUXOHU
/HYHO
'ULOODZORUQDLO
0$7(5,$/6<280$<1(('
*DVOLQHVKXWRIIYDOYH
3LSHMRLQWVHDODQWRU8/DSSURYHGSLSHWKUHDGWDSHZLWK
7HIORQWKDWUHVLVWVDFWLRQRIQDWXUDODQG/3JDVHV
)OH[LEOHPHWDODSSOLDQFHFRQQHFWRU ,'
$IRRWOHQJWKLVUHFRPPHQGHGIRUHDVHRILQVWDOODWLRQ
EXWRWKHUOHQJWKVDUHDFFHSWDEOH1HYHUXVHDQROG
FRQQHFWRUZKHQLQVWDOOLQJDQHZUDQJH
)ODUHXQLRQDGDSWHUIRUFRQQHFWLRQWRJDVVXSSO\OLQH
RU 137[ ,'
)ODUHXQLRQDGDSWHUIRUFRQQHFWLRQWRSUHVVXUHUHJXODWRU
RQUDQJH 137[ ,'
/LTXLGOHDNGHWHFWRURUVRDS\ZDWHU
/DJEROWRU2'VOHHYHDQFKRUIRUFRQFUHWHIORRUV
RQO\
7HIORQ5HJLVWHUHGWUDGHPDUNRI'X3RQW

,QVWDOODWLRQ,QVWUXFWLRQV
:$51,1*
,167$//$7,216$)(7<
,16758&7,216
5HDGWKHVHLQVWUXFWLRQVFRPSOHWHO\DQGFDUHIXOO\
,PSURSHULQVWDOODWLRQDGMXVWPHQWDOWHUDWLRQVHUYLFH
RUPDLQWHQDQFHFDQFDXVHLQMXU\RUSURSHUW\GDPDJH
5HIHUWRWKLVPDQXDO)RUDVVLVWDQFHRUDGGLWLRQDO
LQIRUPDWLRQFRQVXOWDTXDOLILHGLQVWDOOHUVHUYLFH
DJHQF\PDQXIDFWXUHUGHDOHURUWKHJDVVXSSOLHU
1HYHUUHXVHROGIOH[LEOHFRQQHFWRUV7KHXVH
RIROGIOH[LEOHFRQQHFWRUVFDQFDXVHJDVOHDNVDQG
SHUVRQDOLQMXU\$OZD\VXVH1(: IOH[LEOHFRQQHFWRUV
ZKHQLQVWDOOLQJDJDVDSSOLDQFH
,03257$17²5HPRYHDOOSDFNLQJPDWHULDO
DQGOLWHUDWXUHIURPRYHQEHIRUHFRQQHFWLQJJDVDQG
HOHFWULFDOVXSSO\WRUDQJH
&$87,21²'RQRWDWWHPSWWRRSHUDWHWKH
RYHQRIWKLVUDQJHGXULQJDSRZHUIDLOXUH(OHFWULF
,JQLWLRQPRGHOVRQO\
■+DYH\RXUUDQJHLQVWDOOHGE\DTXDOLILHGLQVWDOOHU
■<RXUUDQJHPXVWEHHOHFWULFDOO\JURXQGHGLQ
DFFRUGDQFHZLWKORFDOFRGHVRULQWKHDEVHQFH
RIORFDOFRGHVLQDFFRUGDQFHZLWKWKH1DWLRQDO
(OHFWULFDO&RGH$16,1)3$ODWHVWHGLWLRQ
,Q&DQDGDHOHFWULFDOJURXQGLQJPXVWEHLQ
DFFRUGDQFHZLWKWKHFXUUHQW&6$&&DQDGLDQ
(OHFWULFDO&RGH3DUWDQGRUORFDOFRGHV6HH
(OHFWULFDO&RQQHFWLRQV LQWKLVVHFWLRQ
■%HIRUHLQVWDOOLQJ\RXUUDQJHRQOLQROHXPRUDQ\RWKHU
V\QWKHWLFIORRUFRYHULQJPDNHVXUHWKHIORRUFRYHULQJ
FDQZLWKVWDQG)ZLWKRXWVKULQNLQJZDUSLQJRU
GLVFRORULQJ'RQRWLQVWDOOWKHUDQJHRYHUFDUSHWLQJ
XQOHVVDVKHHWRIdWKLFNSO\ZRRGRUVLPLODU
LQVXODWRULVSODFHGEHWZHHQWKHUDQJHDQGFDUSHWLQJ
■0DNHVXUHWKHZDOOFRYHULQJVDURXQGWKHUDQJHFDQ
ZLWKVWDQGKHDWJHQHUDWHGE\WKHUDQJHXSWR)
■$YRLGSODFLQJFDELQHWVDERYHWKHUDQJH7RUHGXFH
WKHKD]DUGFDXVHGE\UHDFKLQJRYHUWKHRSHQIODPHV
RIRSHUDWLQJEXUQHUVLQVWDOODYHQWLODWLRQKRRGRYHU
WKHUDQJHWKDWSURMHFWVIRUZDUGDWOHDVWEH\RQG
WKHIURQWRIWKHFDELQHWV
■7KHYHQWLODWLQJKRRGPXVWEHFRQVWUXFWHGRIVKHHW
PHWDOQRWOHVVWKDQWKLFN,QVWDOODERYH
WKHFRRNWRSZLWKDFOHDUDQFHRIQRWOHVVWKDQ
EHWZHHQWKHKRRGDQGWKHXQGHUVLGHRIWKH
FRPEXVWLEOHPDWHULDORUPHWDOFDELQHW7KHKRRG
PXVWEHDWOHDVWDVZLGHDVWKHDSSOLDQFHDQG
FHQWHUHGRYHUWKHDSSOLDQFH&OHDUDQFHEHWZHHQWKH
FRRNLQJVXUIDFHDQGWKHYHQWLODWLRQKRRGVXUIDFH
08671(9(5%(/(667+$1,1&+(6
(;&(37,21,QVWDOODWLRQRIDOLVWHGPLFURZDYHRYHQRU
FRRNLQJDSSOLDQFHRYHUWKHFRRNWRSVKDOOFRQIRUPWR
WKHLQVWDOODWLRQLQVWUXFWLRQVSDFNHGZLWKWKDWDSSOLDQFH
■,IFDELQHWVDUHSODFHGDERYHWKHUDQJHDOORZD
PLQLPXPFOHDUDQFHRIEHWZHHQWKHFRRNLQJ
VXUIDFHDQGWKHERWWRPRIXQSURWHFWHGFDELQHWV
■,IDdFOHDUDQFHEHWZHHQFRRNLQJVXUIDFHDQG
RYHUKHDGFRPEXVWLEOHPDWHULDORUPHWDOFDELQHWV
FDQQRWEHPDLQWDLQHGSURWHFWWKHXQGHUVLGHRIWKH
FDELQHWVDERYHWKHFRRNWRSZLWKQRWOHVVWKDQ
LQVXODWLQJPLOOERDUGFRYHUHGZLWKVKHHWPHWDOQRWOHVV
WKDQdWKLFN&OHDUDQFHEHWZHHQWKHFRRNLQJ
VXUIDFHDQGSURWHFWHGFDELQHWV08671(9(5%(/(66
7+$1,1&+(6
■7KHYHUWLFDOGLVWDQFHIURPWKHSODQHRIWKHFRRNLQJ
VXUIDFHWRWKHERWWRPRIDGMDFHQWRYHUKHDGFDELQHWV
H[WHQGLQJFORVHUWKDQWRWKHSODQHRIWKHUDQJH
VLGHVPXVWQRWEHOHVVWKDQ6HHWKH'LPHQVLRQV
DQG&OHDUDQFHV LOOXVWUDWLRQLQWKLVVHFWLRQ
■&$87,21²,WHPVRILQWHUHVWWRFKLOGUHQ
VKRXOGQRWEHVWRUHGLQFDELQHWVDERYHDUDQJHRURQ
WKHEDFNVSODVKRIDUDQJH³FKLOGUHQFOLPELQJRQWKH
UDQJHWRUHDFKLWHPVFRXOGEHVHULRXVO\LQMXUHG

µ
'HSWKZLWKGRRUFORVHGLQFOXGHVGRRUKDQGOH
'HSWKYDULHVGHSHQGLQJRQPRGHO
6HHVSHFLILFDWLRQVVKHHWIRU\RXU
PRGHO
µ
µµ
'HSWKZLWKGRRURSHQ
µ
µ
+HLJKW
,QVWDOODWLRQ,QVWUXFWLRQV
3URYLGHDGHTXDWHFOHDUDQFHVEHWZHHQWKHUDQJHDQGDGMDFHQWFRPEXVWLEOHVXUIDFHV7KHVHGLPHQVLRQVPXVWEHPHWIRU
VDIHXVHRI\RXUUDQJH7KHORFDWLRQRIWKHHOHFWULFDORXWOHWDQGSLSHRSHQLQJVHH*DV3LSHDQG(OHFWULF2XWOHW/RFDWLRQV
PD\EHDGMXVWHGWRPHHWVSHFLILFUHTXLUHPHQWV
7KHUDQJHPD\EHSODFHGZLWK FOHDUDQFHIOXVKDWWKHEDFNZDOO
',0(16,216$1'&/($5$1&(6
7RFDELQHWV
EHORZFRRNWRS
DQGDWWKH
UDQJHEDFN
µ
µ
µ
0LQLPXP
µ
0LQLPXP
WRZDOORQ
HLWKHUVLGH
0D[LPXP
GHSWKIRU
FDELQHWVDERYH
FRXQWHUWRSV
)URQWHGJH
RIWKHUDQJH
VLGHSDQHO
IRUZDUG
IURPFDELQHW
µ
µ
µ
0LQLPXP
WRFDELQHWV
RQHLWKHU
VLGHRIWKH
UDQJH
µ

,QVWDOODWLRQ,QVWUXFWLRQV
:$51,1*
$17,7,3'(9,&(
$OOUDQJHVFDQWLSDQGLQMXU\FRXOG
UHVXOW
7RSUHYHQWDFFLGHQWDOWLSSLQJRIWKHUDQJH
DWWDFKDQDSSURYHG$QWL7LSGHYLFHWRWKH
ZDOO6HH,QVWDOOLQJWKH$QWL7LS'HYLFH
LQWKLVVHFWLRQ7RFKHFNLIWKHGHYLFHLV
LQVWDOOHGDQGHQJDJHGSURSHUO\FDUHIXOO\
WLSWKHUDQJHIRUZDUG7KH$QWL7LSGHYLFH
VKRXOGHQJDJHDQGSUHYHQWWKHUDQJH
IURPWLSSLQJRYHU
,I\RXSXOOWKHUDQJHRXWIURPWKHZDOOIRU
DQ\UHDVRQPDNHVXUHWKH$QWL7LSGHYLFH
LVHQJDJHGZKHQ\RXSXVKWKHUDQJHEDFN
DJDLQVWWKHZDOO
■)RU\RXUVDIHW\QHYHUXVH\RXUUDQJHIRUZDUPLQJ
RUKHDWLQJWKHURRP<RXURYHQDQGFRRNWRSDUHQRW
GHVLJQHGWRKHDW\RXUNLWFKHQ7RSEXUQHUVVKRXOG
QRWEHRSHUDWHGZLWKRXWFRRNZDUHRQWKHJUDWH6XFK
DEXVHFRXOGUHVXOWLQILUHDQGGDPDJHWR\RXUUDQJH
DQGZLOOYRLG\RXUZDUUDQW\
■'RQRWVWRUHRUXVHFRPEXVWLEOHPDWHULDOVJDVROLQH
RURWKHUIODPPDEOHYDSRUVDQGOLTXLGVLQWKHYLFLQLW\
RIWKLVRUDQ\RWKHUDSSOLDQFH([SORVLRQVRUILUHV
FRXOGUHVXOW
■'RQRWXVHRYHQIRUDVWRUDJHDUHD,WHPVVWRUHGLQ
WKHRYHQFDQLJQLWH
■'RQRWOHWFRRNLQJJUHDVHRURWKHUIODPPDEOH
PDWHULDOVDFFXPXODWHLQRUQHDUWKHUDQJH
/2&$7,21
'RQRWORFDWHWKHUDQJHZKHUHLWPD\EHVXEMHFWWR
VWURQJGUDIWV$Q\RSHQLQJVLQWKHIORRURUZDOOEHKLQG
WKHUDQJHVKRXOGEHVHDOHG0DNHVXUHWKHRSHQLQJV
DURXQGWKHEDVHRIWKHUDQJHWKDWVXSSO\IUHVKDLU
IRUFRPEXVWLRQDQGYHQWLODWLRQDUHQRWREVWUXFWHG
E\FDUSHWLQJRUZRRGZRUN
<RXUUDQJHOLNHPDQ\RWKHUKRXVHKROGLWHPVLV
KHDY\DQGFDQVHWWOHLQWRVRIWIORRUFRYHULQJVVXFKDV
FXVKLRQHGYLQ\ORUFDUSHWLQJ8VHFDUHZKHQPRYLQJ
WKHUDQJHRQWKLVW\SHRIIORRULQJ,WLVUHFRPPHQGHG
WKDWWKHIROORZLQJVLPSOHDQGLQH[SHQVLYHLQVWUXFWLRQV
EHIROORZHGWRSURWHFW\RXUIORRU
7KHUDQJHVKRXOGEHLQVWDOOHGRQDVKHHWRISO\ZRRG
RUVLPLODUPDWHULDO:KHQWKHIORRUFRYHULQJHQGVDW
WKHIURQWRIWKHUDQJHWKHDUHDWKDWWKHUDQJHZLOOUHVW
RQVKRXOGEHEXLOWXSZLWKSO\ZRRGWRWKHVDPHOHYHO
RUKLJKHUWKDQWKHIORRUFRYHULQJ
7KLVZLOODOORZWKHUDQJHWREHPRYHGIRUFOHDQLQJ
RUVHUYLFLQJ$OVRPDNHVXUH\RXUIORRUFRYHULQJZLOO
ZLWKVWDQG)6HHWKH,QVWDOODWLRQ6DIHW\,QVWUXFWLRQV
VHFWLRQ
0DNHVXUHWKHZDOOFRYHULQJVDURXQG\RXUUDQJHFDQ
ZLWKVWDQGWKHKHDWJHQHUDWHGXSWR)E\WKH
UDQJH6HHWKH,QVWDOODWLRQ6DIHW\,QVWUXFWLRQV VHFWLRQ
,03257$17
5HPRYHDOOWDSHDQGSDFNDJLQJ0DNHVXUHWKH
EXUQHUVDUHSURSHUO\VHDWHGDQGOHYHO
7DNHWKHDFFHVVRU\SDFNRXWRIWKHRYHQDQGRU
GUDZHU
&KHFNWREHVXUHWKDWQRUDQJHSDUWVKDYHFRPH
ORRVHGXULQJVKLSSLQJ

,QVWDOODWLRQ,QVWUXFWLRQV
3529,'($'(48$7(*$66833/<
<RXUUDQJHLVGHVLJQHGWRRSHUDWHDWDSUHVVXUHRI RI
ZDWHUFROXPQRQQDWXUDOJDVRULIGHVLJQHGIRU/3JDV
SURSDQHRUEXWDQH RIZDWHUFROXPQ
0DNHVXUH\RXDUHVXSSO\LQJ\RXUUDQJHZLWKWKHW\SHRI
JDVIRUZKLFKLWLVGHVLJQHG
7KLVUDQJHLVFRQYHUWLEOHIRUXVHRQQDWXUDORUSURSDQH
JDV,I\RXGHFLGHWRXVHWKLVUDQJHRQ/3JDVFRQYHUVLRQ
PXVWEHPDGHE\DTXDOLILHG/3LQVWDOOHUEHIRUH
DWWHPSWLQJWRRSHUDWHWKHUDQJHRQWKDWJDV
)RUSURSHURSHUDWLRQWKHSUHVVXUHRIQDWXUDOJDVVXSSOLHG
WRWKHUHJXODWRUPXVWEHEHWZHHQDQGRIZDWHU
FROXPQ
)RU/3JDVWKHSUHVVXUHVXSSOLHGPXVWEHEHWZHHQ
DQGRIZDWHUFROXPQ
:KHQFKHFNLQJIRUSURSHURSHUDWLRQRIWKHUHJXODWRU
WKHLQOHWSUHVVXUHPXVWEHDWOHDVWJUHDWHUWKDQWKH
RSHUDWLQJPDQLIROGSUHVVXUHDVJLYHQDERYH
7KHSUHVVXUHUHJXODWRUORFDWHGDWWKHLQOHWRIWKHUDQJH
PDQLIROGPXVWUHPDLQLQWKHVXSSO\OLQHUHJDUGOHVVRI
ZKHWKHUQDWXUDORU/3JDVLVEHLQJXVHG
$IOH[LEOHPHWDODSSOLDQFHFRQQHFWRUXVHGWRFRQQHFWWKH
UDQJHWRWKHJDVVXSSO\OLQHVKRXOGKDYHDQ,'RI
DQGEHIHHWLQOHQJWKIRUHDVHRILQVWDOODWLRQ,Q&DQDGD
IOH[LEOHFRQQHFWRUVPXVWEHVLQJOHZDOOPHWDOFRQQHFWRUV
QRORQJHUWKDQIHHWLQOHQJWK
&211(&77+(5$1*(72*$6
6KXWRIIWKHPDLQJDVVXSSO\YDOYHEHIRUHGLVFRQQHFWLQJ
WKHROGUDQJHDQGOHDYHLWRIIXQWLOWKHQHZKRRNXS
KDVEHHQFRPSOHWHG'RQ·WIRUJHWWRUHOLJKWWKHSLORWRQ
RWKHUJDVDSSOLDQFHVZKHQ\RXWXUQWKHJDVEDFNRQ
%HFDXVHKDUGSLSLQJUHVWULFWVPRYHPHQWRIWKHUDQJH
WKHXVHRID&6$,QWHUQDWLRQDOFHUWLILHGIOH[LEOHPHWDO
DSSOLDQFHFRQQHFWRULVUHFRPPHQGHGXQOHVVORFDOFRGHV
UHTXLUHDKDUGSLSHGFRQQHFWLRQ
1HYHUXVHDQROGFRQQHFWRUZKHQLQVWDOOLQJDQHZUDQJH
,IWKHKDUGSLSLQJPHWKRGLVXVHG\RXPXVWFDUHIXOO\DOLJQ
WKHSLSHWKHUDQJHFDQQRWEHPRYHGDIWHUWKHFRQQHFWLRQ
LVPDGH
7RSUHYHQWJDVOHDNVSXWSLSHMRLQWFRPSRXQGRQRUZUDS
SLSHWKUHDGWDSHZLWK7HIORQDURXQGDOOPDOHH[WHUQDO
SLSHWKUHDGV
$,QVWDOODPDQXDOJDVOLQHVKXWRIIYDOYHLQWKHJDVOLQHLQ
DQHDVLO\DFFHVVHGORFDWLRQRXWVLGHRIWKHUDQJH0DNH
VXUHHYHU\RQHRSHUDWLQJWKHUDQJHNQRZVZKHUHDQG
KRZWRVKXWRIIWKHJDVVXSSO\WRWKHUDQJH
%,QVWDOOPDOHIODUHXQLRQDGDSWHUWRWKH137
LQWHUQDOWKUHDGDWLQOHWRIUHJXODWRU8VHDEDFNXS
ZUHQFKRQWKHUHJXODWRUILWWLQJWRDYRLGGDPDJH
:KHQLQVWDOOLQJWKHUDQJHIURPWKHIURQWUHPRYHWKH
HOERZIRUHDVLHULQVWDOODWLRQ
&,QVWDOOPDOHRUIODUHXQLRQDGDSWHUWRWKH137
LQWHUQDOWKUHDGRIWKHPDQXDOVKXWRIIYDOYHWDNLQJ
FDUHWREDFNXSWKHVKXWRIIYDOYHWRNHHSLWIURP
WXUQLQJ
'&RQQHFWIOH[LEOHPHWDODSSOLDQFHFRQQHFWRUWRWKH
DGDSWHURQWKHUDQJH3RVLWLRQUDQJHWRSHUPLW
FRQQHFWLRQDWWKHVKXWRIIYDOYH
(:KHQDOOFRQQHFWLRQVKDYHEHHQPDGHPDNHVXUHDOO
UDQJHFRQWUROVDUHLQWKHRIISRVLWLRQDQGWXUQRQWKH
PDLQJDVVXSSO\YDOYH8VHDOLTXLGOHDNGHWHFWRUDWDOO
MRLQWVDQGFRQQHFWLRQVWRFKHFNIRUOHDNVLQWKHV\VWHP
:$51,1*'212786($)/$0(
72&+(&.)25*$6/($.6
:KHQXVLQJWHVWSUHVVXUHVJUHDWHUWKDQSVLJWR
SUHVVXUHWHVWWKHJDVVXSSO\V\VWHPRIWKHUHVLGHQFH
GLVFRQQHFWWKHUDQJHDQGLQGLYLGXDOVKXWRIIYDOYHIURP
WKHJDVVXSSO\SLSLQJ:KHQXVLQJWHVWSUHVVXUHVRI
SVLJRUOHVVWRWHVWWKHJDVVXSSO\V\VWHPVLPSO\LVRODWH
WKHUDQJHIURPWKHJDVVXSSO\V\VWHPE\FORVLQJWKH
LQGLYLGXDOVKXWRIIYDOYH
7HIORQ5HJLVWHUHGWUDGHPDUNRI'X3RQW

,QVWDOODWLRQ,QVWUXFWLRQV
*$63,3($1'(/(&75,&$/287/(7/2&$7,216
5HFRPPHQGHGDUHDIRU9
RXWOHWRQUHDUZDOODQGDUHDIRU
WKURXJKWKHZDOOFRQQHFWLRQ
RISLSHVWXEDQGVKXWRIIYDOYH
5HFRPPHQGHGDUHDIRU
WKURXJKWKHIORRUFRQQHFWLRQ
RISLSHVWXEDQGVKXWRIIYDOYH

,QVWDOODWLRQ,QVWUXFWLRQV
5,*,'3,3(+22.83237,216
)/(;,%/(&211(&725+22.83
3UHVVXUH
UHJXODWRU
*DV)ORZLQWR5DQJH
)OH[
FRQQHFWRU
IWPD[
$GDSWHU
,QVWDOOHU,QIRUPWKH
FRQVXPHURIWKH
ORFDWLRQRIWKHJDV
VKXWRIIYDOYH
dRUd
*DVSLSH
$GDSWHU
*DV
VKXWRII
YDOYH
3UHVVXUH
UHJXODWRU
(OERZ
1LSSOH
8QLRQ
(OERZ
%ODFN
LURQSLSH
8QLRQ
1LSSOH
*DV
VKXWRII
YDOYH
dRUd
*DVSLSH
*DV)ORZLQWR5DQJH
,QVWDOOHU,QIRUPWKH
FRQVXPHURIWKH
ORFDWLRQRIWKHJDV
VKXWRIIYDOYH
*DV)ORZLQWR5DQJH
*DV
VKXWRII
YDOYH
dRUd
*DVSLSH
3UHVVXUH
UHJXODWRU
1LSSOH
(OERZ
(OERZ
$GDSWHU
$GDSWHU
(OERZ
4XLFNFRQQHFW
RUXQLRQ
,QVWDOOHU,QIRUPWKH
FRQVXPHURIWKH
ORFDWLRQRIWKHJDV
VKXWRIIYDOYH
$OWHUQDWH+RRNXS
1LSSOH
1LSSOH
(OERZ
1RWH7RJDLQDFFHVV
WRWKHUHJXODWRU
UHPRYHWKHORZHU
RYHQGUDZHUDQGRQ
VRPHPRGHOVUHPRYH
WKHUHDUDFFHVVSDQHO
LQWKHORZHURYHQ
FRPSDUWPHQW
1RWH7RJDLQDFFHVV
WRWKHUHJXODWRU
UHPRYHWKHORZHU
RYHQGUDZHUDQGRQ
VRPHPRGHOVUHPRYH
WKHUHDUDFFHVVSDQHO
LQWKHORZHURYHQ
FRPSDUWPHQW

,QVWDOODWLRQ,QVWUXFWLRQV
(/(&75,&$/&211(&7,216
(OHFWULFDO5HTXLUHPHQWV
YROW+HUW]SURSHUO\JURXQGHGGHGLFDWHGFLUFXLW
SURWHFWHGE\DDPSRUDPSFLUFXLWEUHDNHURUWLPH
GHOD\IXVH
([WHQVLRQ&RUG&DXWLRQV
%HFDXVHRISRWHQWLDOVDIHW\KD]DUGVDVVRFLDWHG
ZLWKFHUWDLQFRQGLWLRQVZHVWURQJO\UHFRPPHQGDJDLQVW
WKHXVHRIDQH[WHQVLRQFRUG+RZHYHULI\RXVWLOOHOHFWWR
XVHDQH[WHQVLRQFRUGLWLVDEVROXWHO\QHFHVVDU\WKDWLW
EHD8/OLVWHGZLUHJURXQGLQJW\SHDSSOLDQFHH[WHQVLRQ
FRUGDQGWKDWWKHFXUUHQWFDUU\LQJUDWLQJRIWKHFRUG
LQDPSHUHVEHHTXLYDOHQWWRRUJUHDWHUWKDQWKH
FLUFXLWUDWLQJ
*URXQGLQJ
,03257$17³3OHDVHUHDGFDUHIXOO\
)253(5621$/6$)(7<7+,6$33/,$1&(0867%(
3523(5/<*5281'('
7KHSRZHUFRUGRIWKLVDSSOLDQFHLVHTXLSSHGZLWK
DWKUHHSURQJJURXQGLQJSOXJZKLFKPDWHVZLWKD
VWDQGDUGWKUHHSURQJJURXQGLQJZDOOUHFHSWDFOHWR
PLQLPL]HWKHSRVVLELOLW\RIHOHFWULFVKRFNKD]DUGIURP
WKLVDSSOLDQFH
7KHFXVWRPHUVKRXOGKDYHWKHZDOOUHFHSWDFOHDQGFLUFXLW
FKHFNHGE\DTXDOLILHGHOHFWULFLDQWRPDNHVXUHWKH
UHFHSWDFOHLVSURSHUO\JURXQGHG
:KHUHDVWDQGDUGWZRSURQJZDOOUHFHSWDFOHLV
HQFRXQWHUHGLWLVWKHSHUVRQDOUHVSRQVLELOLW\DQG
REOLJDWLRQRIWKHFXVWRPHUWRKDYHLWUHSODFHGZLWKD
SURSHUO\JURXQGHGWKUHHSURQJZDOOUHFHSWDFOH
'212781'(5$1<&,5&8067$1&(6&87255(029(
7+(7+,5'*5281'3521*)5207+(32:(5&25'
$ZRUGDERXW*)&,·V²*)&,·VDUHQRWUHTXLUHGRU
UHFRPPHQGHGIRUJDVUDQJHUHFHSWDFOHV
*URXQG)DXOW&LUFXLW,QWHUUXSWHUV*)&,·VDUHGHYLFHVWKDW
VHQVHOHDNDJHRIFXUUHQWLQDFLUFXLWDQGDXWRPDWLFDOO\
VZLWFKRIISRZHUZKHQDWKUHVKROGOHDNDJHOHYHOLV
GHWHFWHG7KHVHGHYLFHVPXVWEHPDQXDOO\UHVHWE\WKH
FRQVXPHU7KH1DWLRQDO(OHFWULFDO&RGHUHTXLUHVWKH
XVHRI*)&,·VLQNLWFKHQUHFHSWDFOHVLQVWDOOHGWRVHUYH
FRXQWHUWRSVXUIDFHV3HUIRUPDQFHRIWKHUDQJHZLOO
QRWEHDIIHFWHGLIRSHUDWHGRQD*)&,SURWHFWHGFLUFXLW
EXWRFFDVLRQDOQXLVDQFHWULSSLQJRIWKH*)&,EUHDNHULV
SRVVLEOH
3UHIHUUHG0HWKRG
(QVXUHSURSHUJURXQG
H[LVWVEHIRUHXVH
(/(&75,&$/&211(&7,216&217
$8VDJH6LWXDWLRQVZKHUH$SSOLDQFH3RZHU&RUG
ZLOOEH'LVFRQQHFWHG,QIUHTXHQWO\
$QDGDSWHUPD\EHXVHGRQO\RQDDPSFLUFXLW'RQRW
XVHDQDGDSWHURQDDPSFLUFXLW:KHUHORFDOFRGHV
SHUPLWD7(0325$5<&211(&7,21 PD\EHPDGHWRD
SURSHUO\JURXQGHGWZRSURQJZDOOUHFHSWDFOHE\WKHXVH
RID8/OLVWHGDGDSWHUDYDLODEOHDWPRVWKDUGZDUHVWRUHV
7KHODUJHUVORWLQWKHDGDSWHUPXVWEHDOLJQHGZLWKWKH
ODUJHUVORWLQWKHZDOOUHFHSWDFOHWRSURYLGHSURSHUSRODULW\
LQWKHFRQQHFWLRQRIWKHSRZHUFRUG
:KHQGLVFRQQHFWLQJWKHSRZHUFRUGIURPWKHDGDSWHU
DOZD\VKROGWKHDGDSWHUZLWKRQHKDQG,IWKLVLVQRW
GRQHWKHDGDSWHUJURXQGWHUPLQDOLVYHU\OLNHO\WREUHDN
ZLWKUHSHDWHGXVH6KRXOGWKLVKDSSHQ'212786(
WKHDSSOLDQFHXQWLODSURSHUJURXQGKDVDJDLQEHHQ
HVWDEOLVKHG
7HPSRUDU\0HWKRG
(QVXUHSURSHU
JURXQGDQGILUP
FRQQHFWLRQEHIRUH
XVH
$GDSWHUSOXJVQRWSHUPLWWHGLQ&DQDGD
$OLJQODUJHSURQJVVORWV
&$87,21$WWDFKLQJWKHDGDSWHUJURXQG
WHUPLQDOWRWKHZDOOUHFHSWDFOHFRYHUVFUHZGRHV
QRWJURXQGWKHDSSOLDQFHXQOHVVWKHFRYHUVFUHZLV
PHWDODQGQRWLQVXODWHGDQGWKHZDOOUHFHSWDFOHLV
JURXQGHGWKURXJKWKHKRXVHZLULQJ7KHFXVWRPHU
VKRXOGKDYHWKHFLUFXLWFKHFNHGE\DTXDOLILHG
HOHFWULFLDQWRPDNHVXUHWKHUHFHSWDFOHLVSURSHUO\
JURXQGHG

$66(0%/(685)$&(%851(56
$VVHPEOHWKHEXUQHUVDVVKRZQ
7KHWRSVLGHVRIWKH5LJKW)URQW5LJKW5HDUDQG/HIW
)URQWEXUQHUKHDGVDUHPDUNHGZLWKWKHOHWWHUV´5)µ
´55µDQG´/)µUHVSHFWLYHO\WRDLGDVVHPEO\
,QVWDOODWLRQ,QVWUXFWLRQV
(/(&75,&$/&211(&7,216&217
%8VDJH6LWXDWLRQVZKHUH$SSOLDQFH3RZHU&RUG
ZLOOEH'LVFRQQHFWHG)UHTXHQWO\
'RQRWXVHDQDGDSWHUSOXJLQWKHVHVLWXDWLRQVEHFDXVH
GLVFRQQHFWLQJRIWKHSRZHUFRUGSODFHVXQGXHVWUDLQ
RQWKHDGDSWHUDQGOHDGVWRHYHQWXDOIDLOXUHRIWKH
DGDSWHUJURXQGWHUPLQDO7KHFXVWRPHUVKRXOGKDYHWKH
WZRSURQJZDOOUHFHSWDFOHUHSODFHGZLWKDWKUHHSURQJ
JURXQGLQJUHFHSWDFOHE\DTXDOLILHGHOHFWULFLDQ
EHIRUHXVLQJWKHDSSOLDQFH
7KHLQVWDOODWLRQRIDSSOLDQFHVGHVLJQHGIRUPRELOHKRPH
LQVWDOODWLRQPXVWFRQIRUPZLWKWKH0DQXIDFWXUHG+RPH
&RQVWUXFWLRQDQG6DIHW\6WDQGDUG7LWOH&)53DUW
IRUPHUO\WKH)HGHUDO6WDQGDUGIRU0RELOH+RPH
&RQVWUXFWLRQDQG6DIHW\7LWOH+8'3DUWRU
ZKHQVXFKVWDQGDUGLVQRWDSSOLFDEOHWKH6WDQGDUG
IRU0DQXIDFWXUHG+RPH,QVWDOODWLRQVODWHVWHGLWLRQ
0DQXIDFWXUHG+RPH6LWHV&RPPXQLWLHVDQG6HW8SV
$16,$ODWHVWHGLWLRQRUZLWKORFDOFRGHV,Q&DQDGD
PRELOHKRPHLQVWDOODWLRQPXVWEHLQDFFRUGDQFHZLWK
WKHFXUUHQW&$1&6$=0+0RELOH+RPH
,QVWDOODWLRQ&RGH
(OHFWULF'LVFRQQHFW
■/RFDWHGLVFRQQHFWSOXJRQWKHUDQJHEDFN
■3LQFKVLGHVRIFRQQHFWRUDQGSXOORXWRIUDQJHEDFN
6($/7+(23(1,1*6
6HDODQ\RSHQLQJVLQWKHZDOOEHKLQGWKHUDQJHDQGLQWKH
IORRUXQGHUWKHUDQJHZKHQKRRNXSVDUHFRPSOHWHG
*UDWH
%XUQHUKHDG
%XUQHUFDS
(OHFWURGH
%XUQHUEDVH
&$87,21'RQRWRSHUDWHWKHEXUQHU
ZLWKRXWDOOEXUQHUSDUWVLQSODFH
)URQWRI
UDQJH
0HGLXPKHDG
QRWPDUNHG
DQGFDS
6PDOOKHDG
DQGFDS
/DUJH
KHDGDQG
FDS
([WUDODUJH
KHDGDQG
FDS
/)
55
5)

,QVWDOODWLRQ,QVWUXFWLRQV
&+(&.,*1,7,212)685)$&(
%851(56
2SHUDWLRQRIDOOFRRNWRSDQGRYHQEXUQHUVVKRXOGEH
FKHFNHGDIWHUWKHUDQJHDQGJDVVXSSO\OLQHVKDYHEHHQ
FDUHIXOO\FKHFNHGIRUOHDNV
(OHFWULF,JQLWLRQ0RGHOV
6HOHFWDWRSEXUQHUNQREDQGVLPXOWDQHRXVO\SXVKLQ
DQGWXUQWR/,7( SRVLWLRQ<RXZLOOKHDUDFOLFNLQJVRXQG
LQGLFDWLQJSURSHURSHUDWLRQRIWKHVSDUNPRGXOH2QFHWKH
DLUKDVEHHQSXUJHGIURPWKHVXSSO\OLQHVEXUQHUVVKRXOG
OLJKWZLWKLQVHFRQGV$IWHUEXUQHUOLJKWVURWDWHNQRERXW
RIWKH/,7( SRVLWLRQ7U\HDFKEXUQHULQVXFFHVVLRQXQWLODOO
EXUQHUVKDYHEHHQFKHFNHG
4XDOLW\RI)ODPHV
7KHFRPEXVWLRQTXDOLW\RIEXUQHUIODPHVQHHGVWREH
GHWHUPLQHGYLVXDOO\
,IEXUQHUIODPHVORRNOLNH$FDOOIRUVHUYLFH1RUPDO
EXUQHUIODPHVVKRXOGORRNOLNH%RU&GHSHQGLQJRQ
WKHW\SHRIJDV\RXXVH
:LWK/3JDVVRPH\HOORZWLSSLQJRQRXWHUFRQHV
LVQRUPDO
&+(&.,*1,7,212)29(1%851(5
7KHRYHQLVGHVLJQHGWRRSHUDWHTXLHWO\DQGDXWRPDWLFDOO\
7RRSHUDWHWKHRYHQSUHVVWKH%$.(SDGDQGWKHQSUHVVWKH
QXPEHUSDGVXQWLO DSSHDUVLQWKHGLVSOD\7RXFKWKH
67$57 SDG$IWHU²VHFRQGVWKHRYHQEXUQHUZLOOLJQLWHDQG
EXUQXQWLOWKHVHWWHPSHUDWXUHLVUHDFKHG7KHRYHQEXUQHUZLOO
FRQWLQXHWRF\FOHRQDQGRIIDVQHFHVVDU\WRPDLQWDLQWKHRYHQ
DWWKHWHPSHUDWXUHLQGLFDWHGE\WKHGLVSOD\
7RFKHFNLJQLWLRQRIWKHEURLOEXUQHUWRXFKWKH%52,/+,/2 SDG
DQGWKHQWKH67$57 SDG$IWHU²VHFRQGVWKHEURLOEXUQHU
ZLOOLJQLWH
(OHFWULFLJQLWLRQPRGHOVUHTXLUHHOHFWULFDOSRZHUWRRSHUDWH
,QFDVHRIDSRZHURXWDJHWKHRYHQEXUQHUVRQWKHVHPRGHOV
FDQQRWEHOLWPDQXDOO\ZLWKDPDWFK*DVZLOOQRWIORZXQOHVV
WKHJORZEDULVKRW
,IWKHRYHQLVLQXVHZKHQDSRZHURXWDJHRFFXUVWKHEXUQHU
ZLOOVKXWRIIDQGFDQQRWEHUHOLWXQWLOSRZHULVUHVWRUHG
$66(0%/(685)$&(%851(56
&217
3ODFHWKHEXUQHUKHDGVRQWKHEDVHVPDWFKLQJWKH
OHWWHUV3ODFHWKHFRUUHFWVL]HFDSVRQWKHKHDGV0DNH
VXUHWKDWWKHFDSVDQGKHDGVDUHSODFHGLQWKHFRUUHFW
ORFDWLRQ7KHUHLVRQHVPDOORQHPHGLXPRQHODUJH
DQGRQHH[WUDODUJHKHDGDQGFDS
:KHQSODFLQJPDNHVXUHWKHORFDWRUSLQVLQWKH
EXUQHUKHDGDUHVHDWHGLQWKHSLQVORWVRIWKHEXUQHU
EDVH5RWDWHWKHEXUQHUKHDGDURXQGWKHEXUQHUEDVH
XQWLOLWLVOHYHODQGVHFXUHO\VHDWHG
/RFDWRU
SLQV
3LQVORWV
$<HOORZIODPHV³
&DOOIRUVHUYLFH
%<HOORZWLSVRQ
RXWHUFRQHV³
1RUPDOIRU/3JDV
&6RIWEOXH
IODPHV³1RUPDOIRU
QDWXUDOJDV

7RUHPRYHWKHRYHQERWWRP
$5HPRYHWKHVFUHZVKROGLQJGRZQUHDURIWKHRYHQ
ERWWRP
%*UDVSWKHRYHQERWWRPDWILQJHUVORWVRQHDFKVLGH
&/LIWWKHUHDURIWKHRYHQERWWRPHQRXJKWRFOHDUWKH
OLSRIWKHUDQJHIUDPHSXVKLWEDFNDQGWKHQSXOOLWXS
DQGRXW
,QVWDOODWLRQ,QVWUXFWLRQV
$'-867%52,/$1'29(1%851(5
$,5$'-8670(176+877(56,)
1(&(66$5<
$LUDGMXVWPHQWVKXWWHUVIRUWKHWRSDQGERWWRPEXUQHUV
UHJXODWHWKHIORZRIDLUWRWKHIODPHV
7KHDLUDGMXVWPHQWVKXWWHUIRUWKHWRSEURLOEXUQHULV
LQWKHFHQWHURIWKHUHDUZDOORIWKHRYHQ
7KHVKXWWHUIRUWKHERWWRPRYHQEXUQHULVQHDUWKHEDFN
ZDOOEHKLQGWKHGUDZHU5HPRYHWKHGUDZHU6HHWKH&DUH
DQGFOHDQLQJRIWKHUDQJH VHFWLRQ
7RDGMXVWWKHIORZRIDLUWRHLWKHUEXUQHUORRVHQWKH
3KLOOLSVKHDGVFUHZDQGURWDWHWKHVKXWWHUWRZDUGRSHQ
RUFORVHGSRVLWLRQDVQHHGHG
7KHIODPHVIRUWKHWRSEURLOEXUQHUVKRXOGEHVWHDG\ZLWK
DSSUR[LPDWHO\EOXHFRQHVDQGVKRXOGQRWH[WHQGRXW
RYHUWKHHGJHVRIWKHEXUQHUEDIIOH
7RGHWHUPLQHLIWKHERWWRPEXUQHUIODPHVDUHEXUQLQJ
SURSHUO\UHPRYHWKHRYHQERWWRP)ODPHVVKRXOGKDYH
DSSUR[LPDWHO\EOXHFRQHVDQGLIUDQJHLVVXSSOLHGZLWK
QDWXUDOJDVVKRXOGEXUQZLWKQR\HOORZWLSSLQJ:LWK
PRVW/3JDVVPDOO\HOORZWLSVDWWKHHQGRIRXWHUFRQHV
DUHQRUPDO)ODPHVVKRXOGQRWOLIWRIIEXUQHUSRUWV,I
OLIWLQJLVREVHUYHGJUDGXDOO\UHGXFHDLUVKXWWHURSHQLQJ
XQWLOIODPHVDUHVWDELOL]HG
$'-867%52,/$1'29(1%851(5
$,5$'-8670(176+877(56,)
1(&(66$5<
&217
$LU
DGMXVWPHQWVKXWWHU
/RRVHQ
$LUDGMXVWPHQW
VKXWWHU
/RRVHQ
2YHQERWWRP
/(9(/,1*7+(5$1*(
$,QVWDOOWKHRYHQVKHOYHVLQWKHRYHQDQGSRVLWLRQWKH
UDQJHZKHUHLWZLOOEHLQVWDOOHG
%&KHFNIRUOHYHOQHVVE\SODFLQJDVSLULWOHYHORUDFXS
SDUWLDOO\ILOOHGZLWKZDWHURQRQHRIWKHRYHQVKHOYHV
,IXVLQJDVSLULWOHYHOWDNHWZRUHDGLQJV³ZLWKWKHOHYHO
SODFHGGLDJRQDOO\ILUVWLQRQHGLUHFWLRQDQGWKHQ
WKHRWKHU
&5HPRYHWKHGUDZHU6HHWKH&DUHDQGFOHDQLQJRIWKH
UDQJHVHFWLRQ7KHIURQWOHYHOLQJOHJVFDQEHDGMXVWHG
IURPWKHERWWRPDQGWKHUHDUOHJVFDQEHDGMXVWHG
IURPWKHWRSRUWKHERWWRP
'8VHDQRSHQHQGRUDGMXVWDEOHZUHQFKWRDGMXVWWKH
OHYHOLQJOHJVXQWLOWKHUDQJHLVOHYHO
($IWHUWKHUDQJHLVOHYHOVOLGHWKHUDQJHDZD\IURPWKH
ZDOOVRWKDWWKH$QWL7LSGHYLFHFDQEHLQVWDOOHG
/HJ
OHYHOHU
/RZHU
UDQJH
5DLVH
UDQJH
RQVRPHPRGHOV
5DLVH
UDQJH
/RZHU
UDQJH
RQVRPHPRGHOV

:$51,1*
■5DQJHPXVWEHVHFXUHGZLWKDQDSSURYHG$QWL7LS
GHYLFH
■8QOHVVSURSHUO\LQVWDOOHGWKHUDQJHFRXOGEHWLSSHG
E\\RXRUDFKLOGVWDQGLQJVLWWLQJRUOHDQLQJRQDQ
RSHQGRRU
■$IWHULQVWDOOLQJWKH$QWL7LSGHYLFHYHULI\WKDWLW
LVLQSODFHE\FDUHIXOO\DWWHPSWLQJWRWLOWWKHUDQJH
IRUZDUG
■7KLVUDQJHKDVEHHQGHVLJQHGWRPHHWDOO
UHFRJQL]HGLQGXVWU\WLSVWDQGDUGVIRUDOOQRUPDO
FRQGLWLRQV
■7KHXVHRIWKLVGHYLFHGRHVQRWSUHFOXGHWLSSLQJ
RIWKHUDQJHZKHQQRWSURSHUO\LQVWDOOHG
■,IWKH$QWL7LSGHYLFHVXSSOLHGZLWKWKHUDQJHGRHV
QRWILWWKLVDSSOLFDWLRQXVHWKHXQLYHUVDO$QWL7LS
GHYLFH:%;
$0DUNWKHZDOOZKHUHWKH5,*+7('*( RIWKHUDQJHLVWR
EHORFDWHG%HVXUHWRDOORZIRUWKHFRXQWHUWRS
RYHUKDQJLI\RXLQWHQGWRLQVWDOOWKHUDQJHQH[WWR
FDELQHWV
%/RFDWHWKHRXWVLGHHGJHRIWKHGHYLFH
øWRZDUGWKH
FHQWHURIWKHUDQJHIURPWKHPDUNHGHGJHRIWKHUDQJH
&8VLQJWKHGHYLFHDVDWHPSODWHPDUNWKHSRVLWLRQRI
WKHKROHIRUWKHVFUHZ
')RUZRRGFRQVWUXFWLRQGULOODSLORWKROHDWDQDQJOHRI
GHJUHHVIURPWKHKRUL]RQWDO$QDLORUDZOPD\EH
XVHGLIDGULOOLVQRWDYDLODEOH
0RXQWWKH$QWL7LSGHYLFHZLWKWKHVFUHZSURYLGHG
)RUFHPHQWRUFRQFUHWHFRQVWUXFWLRQ\RXZLOOQHHGD
[
øODJEROWDQGD2'VOHHYHDQFKRUZKLFKDUH
QRWSURYLGHG'ULOOWKHUHFRPPHQGHGVL]HKROHIRUWKH
KDUGZDUH
,QVWDOODWLRQ,QVWUXFWLRQV
,167$//,1*7+($17,7,3'(9,&(
$QWL7LS
GHYLFH
6ORWWHGKHDG
VFUHZ
:DOOSODWH
$SSUR[
µ
0DUNHGHGJHRIUDQJH
,167$//,1*7+($17,7,3'(9,&(
&217
,QVWDOOWKHVOHHYHDQFKRULQWRWKHGULOOHGKROHDQGWKHQ
LQVWDOOWKHODJEROWWKURXJKWKHGHYLFH7KHEROWVPXVWEH
SURSHUO\WLJKWHQHGDVUHFRPPHQGHGIRUWKHKDUGZDUH
(6OLGHWKHUDQJHDJDLQVWWKHZDOODQGFKHFNIRUSURSHU
LQVWDOODWLRQE\JUDVSLQJWKHIURQWHGJHRIWKHFRRNWRS
DQGFDUHIXOO\DWWHPSWLQJWRWLOWWKHUDQJHIRUZDUG
%DFNRIUDQJH
:DOOERDUG
:RRGVFUHZ
$QWL7LS
GHYLFH
:+(1$//+22.836$5(&203/(7('
0DNHVXUHDOOFRQWUROVDUHOHIWLQWKHRIISRVLWLRQ0DNH
VXUHWKHIORZRIFRPEXVWLRQDQGYHQWLODWLRQDLUWRWKH
UDQJHLVXQREVWUXFWHG
&219(57,1*72/3*$6
RUFRQYHUWLQJ
EDFNWRQDWXUDOJDVIURP/3
7KLVUDQJHOHDYHVWKHIDFWRU\VHWIRUXVHZLWKQDWXUDO
JDV,I\RXZDQWWRFRQYHUWWR/3JDVWKHFRQYHUVLRQ
PXVWEHSHUIRUPHGE\DTXDOLILHG/3JDVLQVWDOOHU
7KHFRQYHUVLRQLQVWUXFWLRQVDQG/3RULILFHVFDQEHIRXQG
DWWDFKHGWRWKHUDQJHQH[WWRWKHSUHVVXUHUHJXODWRU
.HHSWKHVHLQVWUXFWLRQVDQGWKHRULILFHVLQFDVH\RXZDQW
WRFRQYHUWEDFNWRQDWXUDOJDV

7URXEOHVKRRWLQJ7LSV
6DYHWLPHDQGPRQH\5HYLHZWKHFKDUWVRQWKHIROORZLQJ
SDJHVILUVWDQG\RXPD\QRWQHHGWRFDOOIRUVHUYLFH
%HIRUH\RXFDOOIRUVHUYLFH« *($SSOLDQFHVFRP
3UREOHP 3RVVLEOH&DXVHV :KDW7R'R
3OXJRQUDQJHLVQRWFRPSOHWHO\ 0DNHVXUHHOHFWULFDOSOXJLVSOXJJHGLQWRDOLYHSURSHUO\
LQVHUWHGLQWKHHOHFWULFDORXWOHW JURXQGHGRXWOHW
%XUQHUVOLWVRQWKHVLGHRIWKH 5HPRYHWKHEXUQHUKHDGVDQGFOHDQWKHP&KHFNWKH
EXUQHUPD\EHFORJJHG HOHFWURGHDUHDIRUEXUQHGRQIRRGRUJUHDVH6HHWKH
&DUHDQGFOHDQLQJRIWKHUDQJHVHFWLRQ
,PSURSHUEXUQHUDVVHPEO\ 0DNHVXUHWKHEXUQHUSDUWVDUHLQVWDOOHGFRUUHFWO\
6HHWKH&DUHDQGFOHDQLQJRIWKHUDQJHVHFWLRQ
%XUQHUIODPHVYHU\ ,PSURSHUDLUWRJDVUDWLR ,IUDQJHLVFRQQHFWHGWR/3JDVFRQWDFWWKHSHUVRQ
ODUJHRU\HOORZ ZKRLQVWDOOHG\RXUUDQJHRUPDGHWKHFRQYHUVLRQ
6XUIDFHEXUQHUVOLJKW 7KHRYHQJDVVKXWRIIYDOYH 7RFKHFNWKHRYHQJDVVKXWRIIYDOYHUHPRYHWKH
EXWRYHQGRHVQRW PD\KDYHDFFLGHQWDOO\EHHQ GUDZHUVHHWKH&DUHDQGFOHDQLQJRIWKHUDQJH
PRYHGGXULQJFOHDQLQJRU VHFWLRQ5HPRYHWKHUHDUDFFHVVSDQHOE\XQVFUHZLQJ
PRYLQJ WKHWKXPEVFUHZVLQWKHXSSHUOHIWDQGULJKWFRUQHU
/RRNIRUWKHJDVVKXWRIIOHYHUDWWKHEDFNRIWKHUDQJH
6FUDWFKHVPD\DSSHDU ,QFRUUHFWFOHDQLQJ 6FUDWFKHVDUHQRWUHPRYDEOH7LQ\VFUDWFKHVZLOOEHFRPH
DVFUDFNVRQFRRNWRS PHWKRGVEHLQJXVHG OHVVYLVLEOHLQWLPHDVDUHVXOWRIFOHDQLQJ
JODVVVXUIDFH
&RRNZDUHZLWKURXJKERWWRPV 7RDYRLGVFUDWFKHVXVHWKHUHFRPPHQGHGFOHDQLQJ
EHLQJXVHGRUFRDUVHSDUWLFOHV SURFHGXUHV0DNHVXUHERWWRPVRIFRRNZDUHDUHFOHDQ
VDOWRUVDQGZHUHEHWZHHQ EHIRUHXVHDQGXVHFRRNZDUHZLWKVPRRWKERWWRPV
WKHFRRNZDUHDQGWKHVXUIDFH
RIWKHFRRNWRS
&RRNZDUHKDVEHHQVOLG
DFURVVWKHFRRNWRSVXUIDFH
$UHDVRIGLVFRORUDWLRQ )RRGVSLOORYHUVQRWFOHDQHG 6HHWKH&OHDQLQJWKHJODVVFRRNWRSVHFWLRQ
RQWKHJODVVFRRNWRS EHIRUHQH[WXVH
VXUIDFH
+RWVXUIDFHRQDPRGHOZLWK 7KLVLVQRUPDO7KHFRRNLQJ]RQHVPD\FKDQJHFRORU
DOLJKWFRORUHGJODVVFRRNWRS ZKHQKRWRUFRROLQJGRZQ7KLVLVWHPSRUDU\DQG
ZLOOGLVDSSHDUDVWKHJODVVFRROVWRURRPWHPSHUDWXUH
3ODVWLFPHOWHG +RWFRRNWRSFDPHLQWR 6HHWKH*ODVVVXUIDFH³3RWHQWLDOIRUSHUPDQHQWGDPDJH
WRWKHJODVVFRRNWRS FRQWDFWZLWKSODVWLFSODFHG 6HFWLRQLQWKH&OHDQLQJWKHJODVVVXUIDFHVHFWLRQ
VXUIDFH RQWKHKRWFRRNWRS
3LWWLQJRULQGHQWDWLRQ +RWVXJDUPL[WXUHVSLOOHG &DOODTXDOLILHGWHFKQLFLDQIRUUHSODFHPHQW
RIWKHFRRNWRS RQWKHFRRNWRS
7RSEXUQHUVGRQRWOLJKW
RUGRQRWEXUQHYHQO\
7KHIURQWULJKWEXUQHU
LVGHVLJQHGWRKDYH
VOLJKWO\VPDOOHUIODPHV
EHWZHHQWKHDQG
R·FORFNSRVLWLRQV7KLV
LVQRUPDO
/HYHULV
VKRZQFORVHG
38//7223(1
7KXPEVFUHZV

7URXEOHVKRRWLQJ7LSV
%HIRUH\RXFDOOIRUVHUYLFH«
3UREOHP 3RVVLEOH&DXVHV :KDW7R'R
&RQWUROVLJQDOVDIWHU <RXIRUJRWWRHQWHUDEDNH 7RXFKWKH%DNH SDGDQGGHVLUHGWHPSHUDWXUHRU
HQWHULQJFRRNLQJWLPH WHPSHUDWXUHRUFOHDQLQJWLPH WKH6HOI&OHDQ SDGDQGGHVLUHGFOHDQWLPH
RUVWDUWWLPH
)RRGGRHVQRWEDNH 2YHQFRQWUROVLPSURSHUO\VHW 6HHWKH8VLQJWKHXSSHURYHQVHFWLRQ
RUURDVWSURSHUO\
6KHOISRVLWLRQLVLQFRUUHFW 6HHWKH8VLQJWKHXSSHURYHQVHFWLRQ
LQWKHXSSHURYHQ
,QFRUUHFWFRRNZDUHRUFRRNZDUH 6HHWKH8VLQJWKHXSSHURYHQVHFWLRQ
RILPSURSHUVL]HEHLQJXVHG
2YHQWKHUPRVWDWQHHGV 6HHWKH$GMXVWWKHXSSHURYHQWKHUPRVWDW³
DGMXVWPHQW 'RLW\RXUVHOIVHFWLRQ
&ORFNQRWVHWFRUUHFWO\ 6HHWKH8VLQJWKHFORFNDQGWLPHU VHFWLRQ
$OXPLQXPIRLOXVHGLPSURSHUO\ 6HHWKH&DUHDQGFOHDQLQJRIWKHUDQJHVHFWLRQ
LQWKHRYHQ
2YHQERWWRPQRWVHFXUHO\ 6HHWKH,QVWDOODWLRQRIWKHUDQJH VHFWLRQ
VHDWHGLQSRVLWLRQ
)RRGGRHVQRW 2YHQFRQWUROVLPSURSHUO\VHW 0DNHVXUH\RXWRXFKWKH%URLO+L/R SDG
EURLOSURSHUO\
2YHQGRRUQRWFORVHG 6HHWKH8VLQJWKHXSSHURYHQVHFWLRQ
LQWKHXSSHURYHQ
,PSURSHUVKHOISRVLWLRQ 6HHWKH%URLOLQJ*XLGH
EHLQJXVHG
)RRGEHLQJFRRNHGLQDKRWSDQ )RUEHVWUHVXOWVXVHDSDQGHVLJQHGIRUEURLOLQJ
0DNHVXUHLWLVFRRO
&RRNZDUHQRWVXLWHGIRUEURLOLQJ )RUEHVWUHVXOWVXVHDSDQGHVLJQHGIRUEURLOLQJ
2YHQERWWRPQRWVHFXUHO\ 6HHWKH,QVWDOODWLRQRIWKHUDQJHVHFWLRQ
VHDWHGLQSRVLWLRQ
8SSHURYHQWHPSHUDWXUH 2YHQWKHUPRVWDW 6HHWKH$GMXVWWKHXSSHURYHQWKHUPRVWDW³
WRRKRWRUWRRFROG QHHGVDGMXVWPHQW'RLW\RXUVHOIVHFWLRQ
&ORFNDQGWLPHU 3OXJRQUDQJHLVQRWFRPSOHWHO\ 0DNHVXUHHOHFWULFDOSOXJLVSOXJJHGLQWRDOLYHSURSHUO\
GRQRWZRUN LQVHUWHGLQWKHHOHFWULFDORXWOHW JURXQGHGRXWOHW
$IXVHLQ\RXUKRPHPD\EH 5HSODFHWKHIXVHRUUHVHWWKHFLUFXLWEUHDNHU
EORZQRUWKHFLUFXLWEUHDNHU
WULSSHG
2YHQFRQWUROVLPSURSHUO\VHW 6HHWKH8VLQJWKHFORFNDQGWLPHU VHFWLRQ

3UREOHP 3RVVLEOH&DXVHV :KDW7R'R
8SSHURYHQOLJKW /LJKWEXOELVORRVHRUGHIHFWLYH 7LJKWHQRUUHSODFHWKHEXOE
GRHVQRWZRUN
3OXJRQUDQJHLVQRWFRPSOHWHO\ 0DNHVXUHHOHFWULFDOSOXJLVSOXJJHGLQWRDOLYHSURSHUO\
LQVHUWHGLQWKHHOHFWULFDORXWOHW JURXQGHGRXWOHW
8SSHURYHQZLOOQRW 7KHRYHQWHPSHUDWXUHLVWRR $OORZWKHUDQJHWRFRROWRURRPWHPSHUDWXUHDQG
VHOIFOHDQ KLJKWRVHWDVHOIFOHDQRSHUDWLRQ UHVHWWKHFRQWUROV
2YHQFRQWUROVLPSURSHUO\VHW 6HHWKH8VLQJWKHVHOIFOHDQLQJXSSHURYHQVHFWLRQ
´&UDFNOLQJµRU 7KLVLVWKHVRXQGRIWKH 7KLVLVQRUPDO
´SRSSLQJµVRXQG PHWDOKHDWLQJDQGFRROLQJ
GXULQJERWKWKHFRRNLQJDQG
FOHDQLQJIXQFWLRQV
([FHVVLYHVPRNLQJ ([FHVVLYHVRLO 7RXFKWKH&OHDU2II SDG2SHQWKHZLQGRZVWR
ULGWKHURRPRIVPRNH:DLWXQWLOWKH/2&.(''225
OLJKWJRHVRII:LSHXSWKHH[FHVVVRLODQGUHVHWWKH
FOHDQF\FOH
2YHQGRRUZLOOQRWRSHQ 2YHQWRRKRW $OORZWKHRYHQWRFRROEHORZORFNLQJWHPSHUDWXUH
DIWHUDFOHDQF\FOH
2YHQQRWFOHDQDIWHUD 2YHQFRQWUROVQRWSURSHUO\VHW 6HHWKH8VLQJWKHVHOIFOHDQLQJXSSHURYHQ VHFWLRQ
FOHDQF\FOH
2YHQZDVKHDYLO\VRLOHG &OHDQXSKHDY\VSLOORYHUVEHIRUHVWDUWLQJWKHFOHDQ
F\FOH+HDYLO\VRLOHGRYHQVPD\QHHGWRVHOIFOHDQ
DJDLQRUIRUDORQJHUSHULRGRIWLPH
´/2&.'225µIODVKHV 7KHVHOIFOHDQF\FOHKDVEHHQ &ORVHWKHRYHQGRRU
LQWKHGLVSOD\ VHOHFWHGEXWWKHGRRULVQRW
FORVHG
/2&.(''225OLJKW 7KHRYHQGRRULVORFNHG 7RXFKWKH&OHDU2IISDG$OORZWKHRYHQWRFRRO
LVRQZKHQ\RXZDQW EHFDXVHWKHWHPSHUDWXUH
WRFRRN LQVLGHWKHRYHQKDVQRW
GURSSHGEHORZWKH
ORFNLQJWHPSHUDWXUH
´)³DQGDQXPEHURU <RXKDYHDIXQFWLRQHUURUFRGH 7RXFKWKH&OHDU2IISDG$OORZWKHRYHQWRFRROIRU
OHWWHUµIODVKLQWKHGLVSOD\ RQHKRXU3XWWKHRYHQEDFNLQWRRSHUDWLRQ
,IWKHIXQFWLRQFRGHUHSHDWV 'LVFRQQHFWDOOSRZHUWRWKHUDQJHIRUPLQXWHV
DQGWKHQUHFRQQHFWSRZHU,IWKHIXQFWLRQHUURU
FRGHUHSHDWVFDOOIRUVHUYLFH
2YHQVKHOYHVDUH 7KHQLFNHOVKHOYHVLIVRHTXLSSHG $SSO\DVPDOODPRXQWRIYHJHWDEOHRLOWRDSDSHU
GLIILFXOWWRVOLGH ZHUHFOHDQHGLQDVHOIFOHDQF\FOH WRZHODQGZLSHWKHHGJHVRIWKHRYHQVKHOYHVZLWK
7KHJUD\SRUFHODLQFRDWHGVKHOYHV WKHSDSHUWRZHO'RQRWVSUD\ZLWK3DP
RURWKHU
LIVRHTXLSSHGZHUHLPSURSHUO\ OXEULFDQWVSUD\V
FOHDQHG
´3UREHµDSSHDUVLQ 7KLVLVUHPLQGLQJ\RXWRHQWHUD (QWHUDSUREHWHPSHUDWXUH
WKHGLVSOD\VRPHPRGHOV SUREHWHPSHUDWXUHDIWHUSOXJJLQJ
LQWKHSUREH
*($SSOLDQFHVFRP

7URXEOHVKRRWLQJ7LSV
3UREOHP 3RVVLEOH&DXVHV :KDW7R'R
'LVSOD\JRHVEODQN $IXVHLQ\RXUKRPHPD\EH 5HSODFHWKHIXVHRUUHVHWWKHFLUFXLWEUHDNHU
EORZQRUWKHFLUFXLW
EUHDNHUWULSSHG
7KHFORFNLVLQWKH 6HHWKH6SHFLDOIHDWXUHVRI\RXURYHQFRQWUROVHFWLRQ
EODFNRXWPRGH
'LVSOD\IODVKHV 3RZHUIDLOXUH 5HVHWWKHFORFN
8QDEOHWRJHWWKH 2YHQFRQWUROSDGVZHUH 7KH%DNH DQG%URLO+L/R SDGVPXVWEHWRXFKHG
GLVSOD\WRVKRZ´6)µ QRWSUHVVHGSURSHUO\ DWWKHVDPHWLPHDQGKHOGIRUVHFRQGV
3RZHURXWDJH 3RZHURXWDJHRUVXUJH 5HVHWWKHFORFN,IWKHRYHQZDVLQXVH\RXPXVWUHVHW
FORFNIODVKHV LWE\WRXFKLQJWKH&OHDU2IISDGVHWWLQJWKHFORFN
DQGUHVHWWLQJDQ\FRRNLQJIXQFWLRQ
´%XUQLQJµRU´RLO\µ 7KLVLVQRUPDOLQDQHZRYHQ 7RVSHHGWKHSURFHVVVHWDVHOIFOHDQF\FOHIRUD
RGRUHPLWWLQJIURP DQGZLOOGLVDSSHDULQWLPH PLQLPXPRIKRXUV6HHWKH8VLQJWKHVHOIFOHDQLQJ
WKHYHQW RYHQVHFWLRQ
6WURQJRGRU $QRGRUIURPWKHLQVXODWLRQ 7KLVLVWHPSRUDU\
DURXQGWKHLQVLGHRIWKHRYHQ
LVQRUPDOIRUWKHILUVWIHZWLPHV
WKHRYHQLVXVHG
)DQQRLVHVRPHPRGHOV 7KHFRQYHFWLRQIDQPD\WXUQRQ 7KLVLVQRUPDO7KHFRQYHFWLRQIDQZLOOUXQXQWLOWKH
DQGRIIDXWRPDWLFDOO\ IXQFWLRQLVRYHURUWKHGRRULVRSHQHG
&RQYHFWLRQIDQQRW 3UHKHDWWHPSHUDWXUH )DQZLOOVWDUWDXWRPDWLFDOO\RQFHWKHSUHKHDW
ZRUNLQJVRPHPRGHOV QRWUHDFKHG WHPSHUDWXUHLVUHDFKHG
'UDZHUGRHVQRWVOLGH 7KHGUDZHULVRXWRIDOLJQPHQW )XOO\H[WHQGWKHGUDZHUDQGSXVKLWDOOWKHZD\LQ
VPRRWKO\RUGUDJV 6HHWKH&DUHDQGFOHDQLQJRIWKHUDQJHVHFWLRQ
'UDZHULVRYHUORDGHGRUORDG 5HGXFHZHLJKW5HGLVWULEXWHGUDZHUFRQWHQWV
LVXQEDODQFHG
/RZHURYHQGUDZHU $IXVHLQ\RXUKRPHPD\EH 5HSODFHWKHIXVHRUUHVHWWKHFLUFXLWEUHDNHU
ZLOOQRWZRUN EORZQRUWKHFLUFXLWEUHDNHU
WULSSHG
7KHRYHQLVVHOIFOHDQLQJ :DLWIRUWKHVHOIFOHDQF\FOHWRILQLVKDQGWKHRYHQ
WRFRRO
&RQWUROVLPSURSHUO\VHW 6HHWKH/RZHURYHQGUDZHUVHFWLRQ
([FHVVLYHFRQGHQVDWLRQ /LTXLGLQORZHURYHQGUDZHU 5HPRYHOLTXLG
LQWKHORZHURYHQGUDZHU
8QFRYHUHGIRRGV &RYHUIRRGZLWKOLGRUDOXPLQXPIRLO
7HPSHUDWXUHVHWWLQJWRRKLJK 5HGXFHWHPSHUDWXUHVHWWLQJ
)RRGGULHVRXWLQWKH 0RLVWXUHHVFDSLQJ &RYHUIRRGZLWKOLGRUDOXPLQXPIRLO
ORZHURYHQGUDZHU
'UDZHUQRWIXOO\FORVHG
3XVKGUDZHULQXQWLOODWFKHQJDJHV
%HIRUH\RXFDOOIRUVHUYLFH«

$FFHVVRULHV
/RRNLQJ)RU6RPHWKLQJ0RUH"
<RXFDQILQGWKHVHDFFHVVRULHVDQGPDQ\PRUHDW*($SSOLDQFHVFRP86RU
ZZZ*($SSOLDQFHVFD&DQDGDRUFDOO86RU&DQDGDGXULQJQRUPDO
EXVLQHVVKRXUV+DYH\RXUPRGHOQXPEHUUHDG\
7LUHGRIGLVFRORUHGUDFNV":LVKLQJ\RXKDGH[WUDKHDY\GXW\RYHQUDFNV"
12:$9$,/$%/(IRU\RXUUDQJH
*(·VLQQRYDWLYHVHOIFOHDQDEOHSRUFHODLQFRDWHGRYHQUDFNV
+HDY\'XW\
'XUDEOH
$EOHWREHFOHDQHGLQDVHOIFOHDQLQJRYHQ
9LVLW*($SSOLDQFHVFRP86RUZZZ*($SSOLDQFHVFD&DQDGDIRUPRUH
LQIRUPDWLRQ
*UDWHV
%URLOHU3DQ
/LJKW%XOEV .QREV
&OHDQHU
6XUIDFH%XUQHU&DSV+HDGV
2YHQDQG'UDZHU5DFNV

1RWHV

OWNERSHIP REGISTRATION
P.O. BOX 1780
MISSISSAUGA, ONTARIO
L4Y 4G1
(FOR CANADIAN CONSUMERS ONLY)
Please place in envelope and mail to:
Veuillez mettre dans une enveloppe et envoyez à :


1RWHV

1RWHV

1RWHV

■6HUYLFHWULSVWR\RXUKRPHWRWHDFK\RXKRZWRXVH
WKHSURGXFW
■,PSURSHULQVWDOODWLRQGHOLYHU\RUPDLQWHQDQFH
■3URGXFWGDPDJHRUIDLOXUHRIWKHSURGXFWLILWLVDEXVHG
PLVXVHGXVHGIRURWKHUWKDQWKHLQWHQGHGSXUSRVHRU
XVHGFRPPHUFLDOO\
■'DPDJHWRWKHJODVVFRRNWRSFDXVHGE\KDUGHQHG
VSLOOVRIVXJDU\PDWHULDOVRUPHOWHGSODVWLFWKDW
DUHQRWFOHDQHGDFFRUGLQJWRWKHGLUHFWLRQVLQ
WKH2ZQHU·V0DQXDO
■'DPDJHWRWKHJODVVFRRNWRSFDXVHGE\XVHRIFOHDQHUV
RWKHUWKDQWKHUHFRPPHQGHGFOHDQLQJFUHDPV
■5HSODFHPHQWRIKRXVHIXVHVRUUHVHWWLQJRIFLUFXLW
EUHDNHUV
■'DPDJHWRWKHSURGXFWFDXVHGE\DFFLGHQWILUHIORRGV
RUDFWVRI*RG
■,QFLGHQWDORUFRQVHTXHQWLDOGDPDJHFDXVHGE\SRVVLEOH
GHIHFWVZLWKWKLVDSSOLDQFH
■'DPDJHFDXVHGDIWHUGHOLYHU\
■3URGXFWQRWDFFHVVLEOHWRSURYLGHUHTXLUHGVHUYLFH
:KDW*(:LOO1RW&RYHU
7KLVZDUUDQW\LVH[WHQGHGWRWKHRULJLQDOSXUFKDVHUDQGDQ\VXFFHHGLQJRZQHUIRUSURGXFWVSXUFKDVHGIRUKRPH
XVHZLWKLQWKH86$,IWKHSURGXFWLVORFDWHGLQDQDUHDZKHUHVHUYLFHE\D*($XWKRUL]HG6HUYLFHULVQRWDYDLODEOH
\RXPD\EHUHVSRQVLEOHIRUDWULSFKDUJHRU\RXPD\EHUHTXLUHGWREULQJWKHSURGXFWWRDQ$XWKRUL]HG*(6HUYLFH
ORFDWLRQIRUVHUYLFH,Q$ODVNDWKHZDUUDQW\H[FOXGHVWKHFRVWRIVKLSSLQJRUVHUYLFHFDOOVWR\RXUKRPH
6RPHVWDWHVGRQRWDOORZWKHH[FOXVLRQRUOLPLWDWLRQRILQFLGHQWDORUFRQVHTXHQWLDOGDPDJHV7KLVZDUUDQW\JLYHV
\RXVSHFLILFOHJDOULJKWVDQG\RXPD\DOVRKDYHRWKHUULJKWVZKLFKYDU\IURPVWDWHWRVWDWH7RNQRZZKDW\RXU
OHJDOULJKWVDUHFRQVXOW\RXUORFDORUVWDWHFRQVXPHUDIIDLUVRIILFHRU\RXUVWDWH·V$WWRUQH\*HQHUDO
:DUUDQWRU*HQHUDO(OHFWULF&RPSDQ\/RXLVYLOOH.<
)RU7KH3HULRG2I *(:LOO5HSODFH
2QH<HDU $Q\SDUWRIWKHUDQJHZKLFKIDLOVGXHWRDGHIHFWLQPDWHULDOVRUZRUNPDQVKLS'XULQJWKLV
)URPWKHGDWHRIWKH OLPLWHGRQH\HDUZDUUDQW\*(ZLOODOVRSURYLGHIUHHRIFKDUJHDOOODERUDQGLQKRPHVHUYLFH
RULJLQDOSXUFKDVH WRUHSODFHWKHGHIHFWLYHSDUW
)LYH<HDUV $UHSODFHPHQWJODVVFRRNWRSLILWVKRXOGFUDFNGXHWRWKHUPDOVKRFNGLVFRORUFUDFNDWWKH
)URPWKHGDWHRIWKH UXEEHUVHDOEHWZHHQWKHJODVVFRRNWRSDQGWKHSRUFHODLQHGJH
RULJLQDOSXUFKDVH
'XULQJWKLVOLPLWHGDGGLWLRQDOIRXU\HDUZDUUDQW\\RXZLOOEHUHVSRQVLEOHIRUDQ\ODERURU
RQJODVVFRRNWRS
LQKRPHVHUYLFH
PRGHOVRQO\
*(*DV5DQJH:DUUDQW\)RUFXVWRPHUVLQWKH8QLWHG6WDWHV
$OOZDUUDQW\VHUYLFHSURYLGHGE\RXU)DFWRU\6HUYLFH&HQWHUV
RUDQDXWKRUL]HG&XVWRPHU&DUH
WHFKQLFLDQ7RVFKHGXOH
VHUYLFHRQOLQHKRXUVDGD\YLVLWXVDW*($SSOLDQFHVFRP
RUFDOO*(&$5(63OHDVHKDYHVHULDOQXPEHU
DQGPRGHOQXPEHUDYDLODEOHZKHQFDOOLQJIRUVHUYLFH
6WDSOH\RXUUHFHLSWKHUH
3URRIRIWKHRULJLQDOSXUFKDVH
GDWHLVQHHGHGWRREWDLQ
VHUYLFHXQGHUWKHZDUUDQW\
(;&/86,212),03/,(':$55$17,(6³<RXUVROHDQGH[FOXVLYHUHPHG\LVSURGXFWUHSDLUDVSURYLGHGLQWKLV/LPLWHG
:DUUDQW\$Q\LPSOLHGZDUUDQWLHVLQFOXGLQJWKHLPSOLHGZDUUDQWLHVRIPHUFKDQWDELOLW\RUILWQHVVIRUDSDUWLFXODUSXUSRVH
DUHOLPLWHGWRRQH\HDURUWKHVKRUWHVWSHULRGDOORZHGE\ODZ

$OOZDUUDQW\VHUYLFHSURYLGHGE\RXU)DFWRU\6HUYLFH&HQWHUV
RUDQDXWKRUL]HG&XVWRPHU&DUH
WHFKQLFLDQ)RUVHUYLFH
FDOO3OHDVHKDYHVHULDOQXPEHUDQGPRGHO
QXPEHUDYDLODEOHZKHQFDOOLQJIRUVHUYLFH
■6HUYLFHWULSVWR\RXUKRPHWRWHDFK\RXKRZWRXVH
WKHSURGXFW
■,PSURSHULQVWDOODWLRQGHOLYHU\RUPDLQWHQDQFH
■3URGXFWGDPDJHRUIDLOXUHRIWKHSURGXFWLILWLVDEXVHG
PLVXVHGXVHGIRURWKHUWKDQWKHLQWHQGHGSXUSRVHRUXVHG
FRPPHUFLDOO\
■'DPDJHWRWKHJODVVFRRNWRSFDXVHGE\KDUGHQHG
VSLOOVRIVXJDU\PDWHULDOVRUPHOWHGSODVWLFWKDW
DUHQRWFOHDQHGDFFRUGLQJWRWKHGLUHFWLRQVLQ
WKH2ZQHU·V0DQXDO
■'DPDJHWRWKHJODVVFRRNWRSFDXVHGE\XVHRIFOHDQHUV
RWKHUWKDQWKHUHFRPPHQGHGFOHDQLQJFUHDPV
■5HSODFHPHQWRIKRXVHIXVHVRUUHVHWWLQJRIFLUFXLWEUHDNHUV
■'DPDJHWRWKHSURGXFWFDXVHGE\DFFLGHQWILUHIORRGV
RUDFWVRI*RG
■,QFLGHQWDORUFRQVHTXHQWLDOGDPDJHFDXVHGE\SRVVLEOH
GHIHFWVZLWKWKLVDSSOLDQFH
■'DPDJHFDXVHGDIWHUGHOLYHU\
■3URGXFWQRWDFFHVVLEOHWRSURYLGHUHTXLUHGVHUYLFH
:KDW0DEH:LOO1RW&RYHU
)RU7KH3HULRG2I 0DEH:LOO5HSODFH
2QH<HDU $Q\SDUWRIWKHUDQJHZKLFKIDLOVGXHWRDGHIHFWLQPDWHULDOVRUZRUNPDQVKLS'XULQJWKLV
)URPWKHGDWHRIWKH OLPLWHGRQH\HDUZDUUDQW\0DEHZLOODOVRSURYLGHIUHHRIFKDUJHDOOODERUDQGLQKRPHVHUYLFH
RULJLQDOSXUFKDVH WRUHSODFHWKHGHIHFWLYHSDUW
)LYH<HDUV $UHSODFHPHQWJODVVFRRNWRSLILWVKRXOGFUDFNGXHWRWKHUPDOVKRFNGLVFRORUFUDFNDWWKH
)URPWKHGDWHRIWKH UXEEHUVHDOEHWZHHQWKHJODVVFRRNWRSDQGWKHSRUFHODLQHGJH
RULJLQDOSXUFKDVH
'XULQJWKLVOLPLWHGDGGLWLRQDOIRXU\HDUZDUUDQW\\RXZLOOEHUHVSRQVLEOHIRUDQ\ODERURU
RQJODVVFRRNWRS
LQKRPHVHUYLFH
PRGHOVRQO\
:$55$1725,61275(63216,%/()25&216(48(17,$/'$0$*(6
:DUUDQWRU0$%(&$1$'$,1&
*(*DV5DQJH:DUUDQW\)RUFXVWRPHUVLQ&DQDGD
6WDSOH\RXUUHFHLSWKHUH
3URRIRIWKHRULJLQDOSXUFKDVH
GDWHLVQHHGHGWRREWDLQVHUYLFH
XQGHUWKHZDUUDQW\
(;&/86,212),03/,(':$55$17,(6³<RXUVROHDQGH[FOXVLYHUHPHG\LVSURGXFWUHSDLUDVSURYLGHGLQWKLV/LPLWHG
:DUUDQW\$Q\LPSOLHGZDUUDQWLHVLQFOXGLQJWKHLPSOLHGZDUUDQWLHVRIPHUFKDQWDELOLW\RUILWQHVVIRUDSDUWLFXODUSXUSRVH
DUHOLPLWHGWRRQH\HDURUWKHVKRUWHVWSHULRGDOORZHGE\ODZ

&RQVXPHU6XSSRUW
*($SSOLDQFHV:HEVLWH ,QWKH86*($SSOLDQFHVFRP
+DYHDTXHVWLRQRUQHHGDVVLVWDQFHZLWK\RXUDSSOLDQFH"7U\WKH*($SSOLDQFHV:HEVLWHKRXUVDGD\
DQ\GD\RIWKH\HDU)RUJUHDWHUFRQYHQLHQFHDQGIDVWHUVHUYLFH\RXFDQQRZGRZQORDG2ZQHU·V0DQXDOV
RUGHUSDUWVRUHYHQVFKHGXOHVHUYLFHRQOLQH,Q&DQDGDZZZ*($SSOLDQFHVFD
6FKHGXOH6HUYLFH ,QWKH86*($SSOLDQFHVFRP
([SHUW*(UHSDLUVHUYLFHLVRQO\RQHVWHSDZD\IURP\RXUGRRU*HWRQOLQHDQGVFKHGXOH\RXUVHUYLFHDW\RXU
FRQYHQLHQFHKRXUVDQ\GD\RIWKH\HDU2UFDOO*(&$5(6GXULQJQRUPDOEXVLQHVVKRXUV
,Q&DQDGDFDOO
5HDO/LIH'HVLJQ6WXGLR ,QWKH86*($SSOLDQFHVFRP
*(VXSSRUWVWKH8QLYHUVDO'HVLJQFRQFHSW³SURGXFWVVHUYLFHVDQGHQYLURQPHQWVWKDWFDQEHXVHGE\SHRSOHRI
DOODJHVVL]HVDQGFDSDELOLWLHV:HUHFRJQL]HWKHQHHGWRGHVLJQIRUDZLGHUDQJHRISK\VLFDODQGPHQWDODELOLWLHV
DQGLPSDLUPHQWV)RUGHWDLOVRI*(·V8QLYHUVDO'HVLJQDSSOLFDWLRQVLQFOXGLQJNLWFKHQGHVLJQLGHDVIRUSHRSOHZLWK
GLVDELOLWLHVFKHFNRXWRXU:HEVLWHWRGD\)RUWKHKHDULQJLPSDLUHGSOHDVHFDOO7''*($&
,Q&DQDGDFRQWDFW 0DQDJHU&RQVXPHU5HODWLRQV0DEH&DQDGD,QF
6XLWH)DFWRU\/DQH
0RQFWRQ1%(&0
([WHQGHG:DUUDQWLHV ,QWKH86*($SSOLDQFHVFRP
3XUFKDVHD*(H[WHQGHGZDUUDQW\DQGOHDUQDERXWVSHFLDOGLVFRXQWVWKDWDUHDYDLODEOHZKLOH\RXUZDUUDQW\LVVWLOO
LQHIIHFW<RXFDQSXUFKDVHLWRQOLQHDQ\WLPHRUFDOOGXULQJQRUPDOEXVLQHVVKRXUV*(&RQVXPHU+RPH
6HUYLFHVZLOOVWLOOEHWKHUHDIWHU\RXUZDUUDQW\H[SLUHV,Q&DQDGDFDOO
3DUWVDQG$FFHVVRULHV ,QWKH86*($SSOLDQFHVFRP
,QGLYLGXDOVTXDOLILHGWRVHUYLFHWKHLURZQDSSOLDQFHVFDQKDYHSDUWVRUDFFHVVRULHVVHQWGLUHFWO\WRWKHLUKRPHV9,6$
0DVWHU&DUGDQG'LVFRYHUFDUGVDUHDFFHSWHG2UGHURQOLQHWRGD\KRXUVHYHU\GD\RUE\SKRQHDW
GXULQJQRUPDOEXVLQHVVKRXUV
,QVWUXFWLRQVFRQWDLQHGLQWKLVPDQXDOFRYHUSURFHGXUHVWREHSHUIRUPHGE\DQ\XVHU2WKHUVHUYLFLQJJHQHUDOO\
VKRXOGEHUHIHUUHGWRTXDOLILHGVHUYLFHSHUVRQQHO&DXWLRQPXVWEHH[HUFLVHGVLQFHLPSURSHUVHUYLFLQJPD\FDXVH
XQVDIHRSHUDWLRQ
&XVWRPHUVLQ&DQDGDVKRXOGFRQVXOWWKH\HOORZSDJHVIRUWKHQHDUHVW0DEHVHUYLFHFHQWHURUFDOO
&RQWDFW8V ,QWKH86*($SSOLDQFHVFRP
,I\RXDUHQRWVDWLVILHGZLWKWKHVHUYLFH\RXUHFHLYHIURP*(FRQWDFWXVRQRXU:HEVLWHZLWKDOOWKHGHWDLOVLQFOXGLQJ
\RXUSKRQHQXPEHURUZULWHWR *HQHUDO0DQDJHU&XVWRPHU5HODWLRQV
*($SSOLDQFHV$SSOLDQFH3DUN
/RXLVYLOOH.<
,Q&DQDGDZZZ*($SSOLDQFHVFDRUZULWHWR 'LUHFWRU&RQVXPHU5HODWLRQV0DEH&DQDGD,QF
6XLWH)DFWRU\/DQH
0RQFWRQ1%(&0
5HJLVWHU<RXU$SSOLDQFH ,QWKH86*($SSOLDQFHVFRP
5HJLVWHU\RXUQHZDSSOLDQFHRQOLQH²DW\RXUFRQYHQLHQFH7LPHO\SURGXFWUHJLVWUDWLRQZLOODOORZIRUHQKDQFHG
FRPPXQLFDWLRQDQGSURPSWVHUYLFHXQGHUWKHWHUPVRI\RXUZDUUDQW\VKRXOGWKHQHHGDULVH<RXPD\DOVRPDLO
LQWKHSUHSULQWHGUHJLVWUDWLRQFDUGLQFOXGHGLQWKHSDFNLQJPDWHULDO,Q&DQDGDZZZ*($SSOLDQFHVFD
3ULQWHGLQ0H[LFR
7KLVERRNLVSULQWHGRQUHF\FOHGSDSHU

