Hitachi 42PD900DTA 42" Plasma Television With Digital Tuner User Manual

3''7$

86(50$18$/

3''7$

7KDQN\RXIRUSXUFKDVLQJWKH+LWDFKL3ODVPD7HOHYLVLRQ

3OHDVHUHDGWKLVXVHUPDQXDOFDUHIXOO\EHIRUHRSHUDWLQJ

WKLVSURGXFW

7RHQVXUHSURSHURSHUDWLRQSOHDVHUHDGDQGIROORZ$//

WKHLQVWUXFWLRQVHVSHFLDOO\WKH,03257$176$)(7<

,16758&7,216DQG6$)(7<35(&$87,216

3OHDVHNHHSWKLVXVHUPDQXDOIRUIXWXUHUHIHUHQFH



,03257$176$)(7<,16758&7,216 

,1752'8&7,21 

$ERXW7KLV0DQXDO 

7UDGHPDUN&UHGLWV 

$ERXW6RIWZDUH 

6$)(7<35(&$87,216 

$ERXWWKH6\PEROV 

&OHDQLQJDQG0DLQWHQDQFH 

$%2873/$60$',63/$<3$1(/

,PDJH5HWHQWLRQRI3ODVPD'LVSOD\ 

&RPPRQ&KDUDFWHULVWLFVRI

3ODVPD'LVSOD\3DQHOV 

)($785(6

6833/,('$&&(6625,(6 

237,21

&20321(171$0(6 

0DLQ8QLW 

5HPRWH&RQWURO 

35(3$5$7,21 

5HPRWH&RQWURO%DWWHULHV,QVWDOODWLRQ 

+DQGOLQJWKH5HPRWH&RQWURO 

&DXWLRQ:KHQ0RYLQJWKH0DLQ8QLW 

6DIHW\3UHFDXWLRQRQ0DLQ8QLW,QVWDOODWLRQ 

$QWL7XPEOH0HDVXUHV 

&211(&7,21 

7HUPLQDO3RVLWLRQV 

&RQQHFWLQJ3URFHGXUH 

%$6,&23(5$7,21

3RZHU2Q2II 

)LUVW7LPH6HWXS 

9ROXPH83'2:1 

0XWH 

,QSXW6ZLWFKLQJWR'7779$9aDQG+'0, 

,QSXW6LJQDO6FUHHQ'LVSOD\ 

&217(176

796(78323(5$7,21

+RZWRXVHWKH2Q6FUHHQ'LVSOD\

26'V\VWHP 

6HWXS0HQX79PRGH 

6HWXS0HQX$9PRGH 

)XQFWLRQ0HQX 

3LFWXUH0HQX 

$XGLR0HQX 

7LPHU0HQX 

$QDORJ7HOHWH[W 

',*,7$/7(55(675,$/7(/(9,6,21'77

23(5$7,21

+RZWRXVHWKH2Q6FUHHQ'LVSOD\

26'V\VWHP 

'770DLQ0HQX/LVW 

,QVWDOOLQJ&KDQQHOV 

5HVWRULQJ&KDQQHOV

&KDQQHO6HOHFWLRQV

0DNLQJ)DYRULWH/LVW 

8WLOL]LQJWKH,QIRUPDWLRQ7RRO 

&RQ¿JXULQJ6HWWLQJ 

&KHFNLQJ'776\VWHP,QIRUPDWLRQ 

796HWXS0HQX 

)81&7,21 

6L]H6ZLWFKLQJ 

3LFWXUH)UHH]LQJ 

$XGLR6ZLWFKLQJ 

3RZHU6DYH0RGH 

'9'3OD\HU6HOHFWLRQ 

7528%/(6+227,1* 

:KHQ)ROORZLQJ0HVVDJHV$SSHDU

RQWKH6FUHHQ 

6\PSWRPDQG&KHFN/LVW 

352'8&763(&,),&$7,216 

6LJQDO,QSXW 

5HFRPPHQGHG6LJQDO/LVW 

,03257$176$)(7<,16758&7,216

5HDGWKLVLQVWUXFWLRQWKRURXJKO\

5HWDLQWKLVLQVWUXFWLRQIRUIXWXUHUHIHUHQFH

+HHGDOOZDUQLQJVDQGFDXWLRQVWRSUHYHQWSRVVLEOHGDQJHU

)ROORZDOOLQVWUXFWLRQV,PSURSHUKDQGOLQJFRXOGFDXVHSHUVRQDOLQMXU\DQGRUVHULRXVGDPDJHWRWKHXQLWWKDWPD\

VKRUWHQLWVVHUYLFHWLPH

'RQRWEORFNDQ\YHQWLODWLRQRSHQLQJV

,QVWDOOWKHSURGXFWLQDFFRUGDQFHZLWKWKHPDQXIDFWXUH¶VLQVWUXFWLRQV

%HIRUHFDOOLQJIRUWKHWHFKQLFDOVXSSRUWRUVHUYLFHWHFKQLFLDQUHDG³7528%/(6+227,1*´







WRGHWHUPLQH

WKHV\PSWRPVZKHQSUREOHPVRFFXUGXULQJLQVWDOODWLRQRURSHUDWLRQRIWKHSURGXFW

,IVHULRXVSUREOHPVKDSSHQVXFKDVVPRNHRUDQDEQRUPDORGRUIURPWKHXQLWWXUQRIIWKH0DLQ3RZHUXQSOXJWKH

3RZHU&RUGDQGWKHQFRQWDFW\RXUORFDOGHDOHULPPHGLDWHO\



3''7$

,1752'8&7,21

7KDQN\RXIRUSXUFKDVLQJWKH+LWDFKL3ODVPD7HOHYLVLRQ:HKRSHWKDW\RXZLOOHQMR\WKHJUHDWSHUIRUPDQFHZLWKWKLV

SURGXFW

7KLV3ODVPDWHOHYLVLRQKDVEHHQGHVLJQHGWRPHHWWKHLQWHUQDWLRQDOVWDQGDUGV+RZHYHULWFRXOGFDXVHSHUVRQDO

LQMXULHVDQGSURSHUW\GDPDJHLILPSURSHUO\KDQGOHG,QRUGHUWRSUHYHQWSRWHQWLDOGDQJHUDQGREWDLQPD[LPXPEHQH¿W

IURP\RXUVHWSOHDVHREVHUYHWKHIROORZLQJLQVWUXFWLRQVZKHQLQVWDOOLQJRSHUDWLQJDQGFOHDQLQJWKHSURGXFW

.HHSWKLVPDQXDOIRUIXWXUHUHIHUHQFHDQGUHFRUGWKHVHULDOQXPEHURI\RXUVHWLQWKHVSDFHSURYLGHGRQWKHIURQW

FRYHUSDJHRIWKLVPDQXDO

$ERXW7KLV0DQXDO

7KHLQIRUPDWLRQLQWKLVPDQXDOLVVXEMHFWWRFKDQJHZLWKRXWQRWLFH

7KLVPDQXDOKDVEHHQFUHDWHGZLWKH[WUDFDUH,QFDVHWKDW\RXKDYHDQ\FRPPHQWVRUTXHVWLRQVUHJDUGLQJWKLV

PDQXDOSOHDVHFRQWDFW\RXUORFDOGHDOHURURXU&XVWRPHU6HUYLFH&HQWHU

%HIRUHRSHUDWLQJWKLVVHWSOHDVHIXOO\XQGHUVWDQGWKHSUHUHTXLVLWHVXFKDVVSHFL¿FDWLRQVRUFRQVWUDLQWVRIWKH

KDUGZDUHDQGVRIWZDUH:HDUHQRWUHVSRQVLEOHDQGKDYHQROLDELOLW\IRUDQ\ORVVGDPDJHRULQMXU\DVDUHVXOWRI

PLVXVH

5HSURGXFWLRQFRS\LQJXVHPRGL¿FDWLRQDQGRUWUDQVPLVVLRQLQZKROHRULQSDUWRIWKLVPDQXDODUHSURKLELWHG

ZLWKRXWDQ\SULRUZULWWHQSHUPLVVLRQ

$OORWKHUSURGXFWVDQGFRPSDQ\QDPHVXVHGLQWKLVPDQXDODUHWUDGHPDUNVRUUHJLVWHUHGWUDGHPDUNVRIWKHLU

UHVSHFWLYHRZQHUV

7UDGHPDUN&UHGLWV

9*$LVDWUDGHPDUNRI,QWHUQDWLRQDO%XVLQHVV0DFKLQHV&RUSRUDWLRQ

/LFHQVHGE\%%(6RXQG,QFXQGHU863DQG

%%(DQG%%(V\PERODUHUHJLVWHUHGWUDGHPDUNVRI%%(6RXQG,QF

0DQXIDFWXUHGXQGHUOLFHQVHIURP%%(6RXQG,QF

:2:656DQG

V\PERODUHWUDGHPDUNVRI656/DEV,QF

:2:WHFKQRORJ\LVLQFRUSRUDWHGXQGHUOLFHQVHIURP656/DEV,QF

+'0,WKH+'0,ORJRDQG+LJK'H¿QLWLRQ0XOWLPHGLD,QWHUIDFHDUHWUDGHPDUNVRUUHJLVWHUHGWUDGHPDUNVRI+'0,

/LFHQVLQJ//&

'9%LVDUHJLVWHUHGWUDGHPDUNRIWKH'9%3URMHFW

(YHQLIQRVSHFLDOQRWDWLRQKDVEHHQPDGHRIFRPSDQ\RUSURGXFWWUDGHPDUNVWKHVHWUDGHPDUNVKDYHEHHQIXOO\

UHVSHFWHG

$ERXW6RIWZDUH

<RXPD\QRWDOWHUGHFRPSLOHGLVDVVHPEOHGHFU\SWRURWKHUZLVHUHYHUVHHQJLQHHUWKH6RIWZDUHLQVWDOOHGLQWKLV

SURGXFWZKLFKDUHSURKLELWHGE\ODZ



6$)(7<35(&$87,216

)RU\RXUVDIHW\SOHDVHUHDGWKHIROORZLQJSUHFDXWLRQVFDUHIXOO\EHIRUHXVLQJWKLVSURGXFW,PSURSHUXVHZRXOGFDXVHVHULRXVSHUVRQDOLQMXULHV

DQGRUGDPDJHWR\RXUSURSHUW\RUWKLVSURGXFW

$ERXWWKH6\PEROV

7KHIROORZLQJDUHWKHV\PEROVXVHGLQWKLVPDQXDODQGDI¿[HGRQWKHXQLWLWVHOI3OHDVHIXOO\XQGHUVWDQGWKHPHDQLQJVRIWKHV\PEROVEHIRUH

UHDGLQJWKHLQVWUXFWLRQVLQWKLVVHFWLRQ

:$51,1*

1HYHULJQRUHWKHLQVWUXFWLRQ7KHUHDUHULVNVRIVHULRXVLQMXULHVRUSRVVLEOHGHDWKWRWKHXVHU

&$87,21

'RQRWLJQRUHWKHLQVWUXFWLRQ7KHUHDUHSRVVLELOLWLHVRISHUVRQDOLQMXULHVDQGRUSURSHUW\GDPDJH

2WKHU6\PEROV

7KHWULDQJOHZLWKLOOXVWUDWLRQLVLQWHQGHGWRDOHUWWKHXVHUVWKDWWKHUHDUHSRVVLELOLWLHVRI¿UHH[SORVLRQRUKLJK

WHPSHUDWXUHVLIWKHSURGXFWLVKDQGOHGLPSURSHUO\

(DFKLOOXVWUDWLRQZLWKLQWKHWULDQJOHVSHFL¿HVWKHFRQWHQWVLQGHWDLO7KH¿JXUHRQWKHOHIWLVDQH[DPSOH

7KHFLUFOHZLWKGLDJRQDOOLQHDQGLOOXVWUDWLRQLQGLFDWHVDSURKLELWHGDFWLRQWKHV\PEROWRWKHOHIWLQGLFDWHVWKDW

GLVDVVHPEO\LVSURKLELWHG

7KLVV\PEROLQGLFDWHVDFRPSXOVRU\DFWLRQ

7KHFRQWHQWVZLOOEHFOHDUO\LQGLFDWHGLQDQLOOXVWUDWLRQRUQHDUE\WKHV\PEROWRWKHOHIWLQGLFDWHVWKDWWKHSRZHUSOXJ

VKRXOGEHGLVFRQQHFWHGIURPWKHSRZHURXWOHW

:$51,1*

7KHUHLVDULVNRIÀUHHOHFWULFVKRFNRUVHULRXVLQMXU\

8QSOXJWKHSRZHUFRUGLPPHGLDWHO\ZKHQVHULRXVSUREOHPVRFFXU

6HULRXVSUREOHPVVXFKDV

6PRNHDEQRUPDORGRURUQRLVHFRPHVRXWIURPWKHSURGXFW

1RSLFWXUHQRVRXQGRUGLVWRUWHGSLFWXUHRQWKHGLVSOD\

)RUHLJQREMHFWVVXFKDVZDWHUPHWDOVHWFJHWLQVLGHWKHXQLW

'RQRWFRQWLQXHXVLQJWKHSURGXFWXQGHUWKHVHDEQRUPDOFRQGLWLRQV

7XUQRIIWKH0DLQ3RZHUXQSOXJWKH3RZHU&RUGDQGFRQWDFW\RXUGHDOHULPPHGLDWHO\

)RU\RXUVDIHW\QHYHUWU\WRUHSDLUWKHSURGXFWE\\RXUVHOI

'RQRWLQVHUWOLTXLGVRUDQ\IRUHLJQREMHFWVVXFKDVPHWDOVRUÁDPPDEOHLWHPVLQVLGHWKHXQLW

,QFDVHLWKDSSHQVWXUQRIIWKHPDLQSRZHUXQSOXJWKH3RZHU&RUGDQGFRQWDFW\RXUGHDOHULPPHGLDWHO\

8VHVSHFLDOFDXWLRQZKHQ\RXQJHUFKLOGUHQDUHDURXQGWKHXQLW

'RQRWUHPRYHFRYHURUPRGLI\WKHSURGXFW

+LJKYROWDJHFRPSRQHQWVDUHLQVWDOOHGLQVLGHRIWKHXQLW5HPRYLQJFRYHUVFDQH[SRVH\RXWRKLJK

YROWDJHHOHFWULFDOVKRFNDQGRWKHUGDQJHURXVFRQGLWLRQV

&RQWDFW\RXUORFDOGHDOHUWRSHUIRUPVHUYLFLQJVXFKDVLQVSHFWLRQDGMXVWPHQWRUUHSDLUZRUN

'LVFRQQHFWWKH

SOXJIURPWKH

SRZHURXWOHW

'RQRW

GLVDVVHPEOH



3''7$

6$)(7<35(&$87,216FRQWLQXHG

:$51,1*

7KHUHLVDULVNRIÀUHHOHFWULFVKRFNRUVHULRXVLQMXU\

,QVWDOOWKHXQLWDWDSURSHUDUHDZKHUHLWGRHVQRWH[SRVHDQ\RQHWRDQ\GDQJHU

,I\RXKLWDJDLQVWWKHHGJHRIWKHXQLW\RXPD\EHLQMXUHG

'RQRWSODFHDQ\REMHFWVRQWRSRIWKHXQLW

2EMHFWVVXFKDV

/LTXLGFRQWDLQHUVYDVH¿VKWDQNÀRZHUSRWFRVPHWLFVRUOLTXLGPHGLFLQH

,IZDWHURUDQ\OLTXLGVSLOORQWRWKHXQLWLWPD\FDXVHVKRUWFLUFXLWDQGUHVXOWLQ¿UHRUHOHFWULFDOVKRFN

,QFDVHWKDWLWKDSSHQVWXUQRIIWKH0DLQ3RZHUXQSOXJWKH3RZHU&RUGDQGFRQWDFW\RXUGHDOHULPPHGLDWHO\

'RQRWSODFHDQ\WKLQJKHDY\RQWRSRIWKHXQLW

'RQRWFOLPERQRUKDQJIURPWKHXQLW

'RQRWOHW\RXUSHWVJHWRQWRSRIWKHXQLW

'RQRWH[SRVHWKLVXQLWWRUDLQRUPRLVWXUH

1HYHUXVHWKLVXQLWLQWKHEDWKURRPRUVKRZHUURRP

%HZDUHZKHQ\RXXVHWKLVSURGXFWRXWVLGHHVSHFLDOO\LQUDLQ\RUVQRZ\ZHDWKHUDQGDWWKHEHDFKRU

ZDWHUIURQW

:KHQWKHSURGXFWJHWVZHWLWFRXOGFDXVH¿UHRUHOHFWULFDOVKRFN

8QSOXJWKLVXQLWGXULQJOLJKWQLQJVWRUP

7RUHGXFHWKHULVNRIHOHFWULFDOVKRFNGRQRWWRXFKWKHSURGXFWZKHQVWDUWVOLJKWQLQJ

'RQRWGRDQ\WKLQJWKDWPD\GDPDJHWKH3RZHU&RUG

'RQRWGDPDJHPRGLI\WZLVWIRUFLEO\EHQGKHDWRUSXOOH[FHVVLYHO\WKH3RZHU&RUG

'RQRWSODFHKHDY\REMHFWVLQFOXGLQJWKHXQLWLWVHOIRQWRSRIWKH3RZHU&RUG

,IWKH3RZHU&RUGLVGDPDJHGFRQWDFW\RXUGHDOHUIRUUHSDLUVRUH[FKDQJH

8VHRQO\ZLWKGHVLJQDWHGSRZHUVXSSO\YROWDJH

7RSUHYHQWWKHULVNRI¿UHDQGHOHFWULFDOVKRFNRSHUDWHWKLVSURGXFWRQO\ZLWKWKHSRZHUVXSSO\YROWDJHLQGLFDWHGRQWKH

XQLW

%HZDUHQRWWRGURSRUKDYHDQ\LPSDFWRQWKHXQLW

7DNHH[WUDFDUHZKLOHPRYLQJWKHXQLW

7KHSODVPDGLVSOD\SDQHOLVPDGHRIJODVV,QFDVHWKDWLWEUHDNV\RXPD\EHLQMXUHGE\WKHEURNHQSLHFHV

,QFDVHWKDW\RXGURSWKHXQLWRUWKHFDELQHWLVGDPDJHGWXUQRIIWKH0DLQ3RZHUXQSOXJWKH3RZHU&RUGDQGFRQWDFW

\RXUORFDOGHDOHULPPHGLDWHO\

&RQWLQXLQJXVHRIWKHSURGXFWZLWKDERYHFRQGLWLRQVPD\FDXVH¿UHRUHOHFWULFDOVKRFN

&OHDQGXVWRUPHWDOVRQRUDURXQGWKHEODGHRIWKHSRZHUSOXJUHJXODU\

&RQWLQXLQJXVHRIWKHSURGXFWZLWKDERYHFRQGLWLRQPD\FDXVH¿UHRUHOHFWULFDOVKRFN

$OZD\VXQSOXJWKH3RZHU&RUG¿UVWDQGFOHDQWKHEODGHVZLWKDGU\FORWK

'RQRWSODFHWKHXQLWRQDQXQVWDEOHVXUIDFH

8QVWDEOHSODFHVVXFKDV

7LOWHGVXUIDFHRUVKDN\UDFNWDEOHVWDQGRUWUROO\

,IWKHXQLWIDOOVGRZQLWFRXOGFDXVHSHUVRQDOLQMXU\

'LVFRQQHFWWKH

SOXJIURPWKH

SRZHURXWOHW



6$)(7<35(&$87,216FRQWLQXHG

&$87,21

'RQRWSODFHWKHXQLWDWDGXVW\SODFH

,WFRXOGFDXVHPDOIXQFWLRQ

'RQRWFRYHURUEORFNDQ\YHQWLODWLRQKROHVRQWKHSURGXFW

7KHXQLWZRXOGRYHUKHDWDQGLWFRXOGFDXVH¿UHRUGDPDJHWKHSURGXFWZKLFKPD\VKRUWHQLWVVHUYLFHOLIH

,QVWDOOWKHSURGXFWLQDFFRUGDQFHZLWKWKHLQVWUXFWLRQVLQWKLVPDQXDO

'RQRWSODFHWKHXQLWZLWKYHQWLODWLRQVLGHGRZQ

'RQRWLQVWDOOWKHXQLWRQWKHFDUSHWRUEHGFORWKHV

'RQRWFRYHUWKHXQLWZLWKWDEOHFORWKHWF

%HVXUHWRJURXQGWKHHDUWKFDEOHFRUUHFWO\

(VSHFLDOO\ZKHQ\RXXVH3RZHU&RUGDGDSWHUEHVXUHWRFRQQHFWWKHHDUWKFDEOHWRWKHJURXQGWHUPLQDO,QFRUUHFW

FRQQHFWLRQZRXOGFDXVH¿UHRUHOHFWULFDOVKRFN

)RU\RXUVDIHW\DOZD\VPDNHVXUHWRXQSOXJWKH3RZHU&RUGEHIRUHFRQQHFWRUGLVFRQQHFWWKHHDUWKFDEOH

)ROORZWKH$QWLWXPEOHPHDVXUHVLQWKLVPDQXDO

,IWKHXQLWWXPEOHVRYHUWKHUHLVDULVNRISHUVRQDOLQMXU\DQGSRVVLEOHGHDWK$OVRLWZRXOGGDPDJHWKHSURGXFW

VHULRXVO\

'RQRWLQVWDOOWKHXQLWQHDUWKHPHGLFDOGHYLFHV

7RSUHYHQWPDOIXQFWLRQRIWKHPHGLFDOGHYLFHVGRQRWXVHWKLVSURGXFWDQGPHGLFDOGHYLFHVLQWKHVDPHURRP

'RQRWSODFHD&57EDVHGWHOHYLVLRQQHDUWKHVSHDNHUVRIWKH3ODVPD7HOHYLVLRQ

,WFRXOGFDXVHWKHSDUWLDOGLVFRORUDWLRQRUEOXUULQJRIWKHLPDJHRQWKH&57EDVHGWHOHYLVLRQ

3OHDVHLQVWDOOLWDZD\IURPWKHVSHDNHUVRIWKHXQLW

'LVFRQQHFWDOORIWKHH[WHUQDOFRQQHFWLRQFDEOHVDQGGHWDFKWKHDQWLWXPEOHPHDVXUHVEHIRUH

PRYLQJWKHXQLW

,WPD\FDXVH¿UHHOHFWULFDOVKRFNRUSHUVRQDOLQMXULHV

&RQQHFWWKHSRZHUSOXJVHFXUHO\

,PSURSHUFRQQHFWLRQZLOOFDXVHRYHUKHDWLQJDQGPD\UHVXOWLQ¿UH

'RQRWWRXFKWKHEODGHVRIWKHSOXJZKLOHFRQQHFWLQJLWWRWKHZDOOVRFNHW,WFRXOGFDXVHHOHFWULFDOVKRFN

,IWKHSOXJLVQRW¿WWHGIRUWKHZDOOVRFNHWFRQWDFW\RXUGHDOHUIRUUHSODFHPHQW

'RQRWKDQGOHWKH3RZHU&RUGZLWKZHWKDQGV

,WFRXOGUHVXOWLQHOHFWULFDOVKRFN

'RQRWSXOOWKHFRUGZKHQ\RXXQSOXJWKH3RZHU&RUG

,WPD\GDPDJHWKHFRUGDQGFRXOGUHVXOWLQ¿UHRUHOHFWULFDOVKRFN

+ROGWKHSOXJZKHQGLVFRQQHFWLQJLW

8QSOXJWKH3RZHU&RUGZKHQ\RXGRQRWLQWHQGWRXVHWKHSURGXFWIRUORQJSHULRGVRIWLPH

+DQGOHWKHEDWWHULHVSURSHUO\

,PSURSHURULQFRUUHFWXVHRIWKHEDWWHULHVPD\FDXVHFRUURVLRQRUEDWWHU\OHDNDJHZKLFKFRXOGFDXVH¿UHSHUVRQDO

LQMXU\RUGDPDJHWRWKHSURSHUW\

8VHRQO\WKHW\SHVRIWKHEDWWHULHVZKLFKDUHLQGLFDWHGLQWKLVPDQXDO

'RQRWLQVWDOOQHZEDWWHULHVZLWKXVHGRQHV

,QVWDOOWKHEDWWHULHVFRUUHFWO\E\IROORZLQJWKHSRODULW\DQGLQGLFDWLRQVRQWKHEDWWHU\FRPSDUWPHQW

'RQRWGLVSRVHRIWKHXVHGEDWWHULHVDVGRPHVWLFZDVWH'LVSRVHRIWKHPLQDFFRUGDQFHZLWKWKHORFDOUHJXODWLRQV

6XSSO\FRQQHFW

WKHJURXQGZLUH



3''7$

6$)(7<35(&$87,216FRQWLQXHG

35(&$87,216

'RQRWLQVWDOOWKHXQLWDWDUHDVZKHUHLWZLOOEHVXEMHFWHGWRKLJKWHPSHUDWXUHV

,WFRXOGGDPDJHWKHFDELQHWRUSDUWVRIWKHSURGXFW

'RQRWLQVWDOOQHDUDQ\KHDWVRXUFHVVXFKDVUDGLDWRUVKHDWUHJLVWHUVVWRYHVRURWKHUDSSDUDWXVWKDWSURGXFHKHDW

.HHSWKHXQLWRXWRIGLUHFWVXQOLJKW,WFRXOGLQFUHDVHWKHWHPSHUDWXUHRIWKHXQLWDQGFDXVHPDOIXQFWLRQ

0RWRU)DQ



7KH79KDVPRWRUIDQWRORZHULWVWHPSHUDWXUHDQGWKHIDQPD\SURGXFHQRLVHGXULQJLWVRSHUDWLRQ7KLVLVQRWDPDOIXQFWLRQ

9LHZLQJ$GYLFH

7KHOLJKWLQJRIWKHHQYLURQPHQWLQZKLFKWKHSURGXFWLVXVHGVKRXOGEHDSSURSULDWH7RREULJKWGDUNHQYLURQPHQWVDUHQRWJRRGIRU

\RXUH\HV

7DNHWLPHWRUHOD[\RXUH\HVRFFDVLRQDOO\

:KHQ\RXXVHWKLVSURGXFWYLHZIURPDGLVWDQFHHTXDOWRWRWLPHVWKHKHLJKWRIWKHVFUHHQ7KLVLVWKHEHVWYLHZLQJGLVWDQFHLQ

RUGHUWRSURWHFW\RXUH\HVDJDLQVWH\HVWUDLQ

$GMXVWWKHYROXPHWRDQDSSURSULDWHOHYHOHVSHFLDOO\GXULQJWKHQLJKW

:KHQWUDQVSRUWLQJWKLVSURGXFW

:KHQWKHSURGXFWQHHGVWREHWUDQVSRUWHGGXHWRPRYLQJRUUHSDLUXVHWKHFDUWRQER[DQGEXIIHUPDWHULDOWKDWFDPHZLWK

WKLVSURGXFW

'RQRWWUDQVSRUWWKLVSURGXFWRQLWVVLGH,WFRXOGGDPDJHWKHSDQHOJODVVRUGHJUDGHWKHSKRVSKRUVRIWKHSDQHO

.HHSUDGLRVDZD\IURPWKHXQLWZKLOHLQXVH

7KLVXQLWLVGHVLJQHGWRPHHWWKHLQWHUQDWLRQDO(0,VWDQGDUGVGXHWRSUHYHQWUDGLRLQWHUIHUHQFH+RZHYHUWKHXQLW

PD\JHQHUDWHQRLVHLQWKHUDGLR

,IWKHQRLVHLVKHDUGRQWKHUDGLRSOHDVHWU\WKHIROORZLQJDFWLRQV

 $GMXVWWKHGLUHFWLRQRIWKHUDGLRDQWHQQDLQRUGHUQRWWRUHFHLYHWKHLQWHUIHUHQFHIURPWKHXQLW

 .HHSWKHUDGLRDZD\IURPWKHXQLW

 8VHFRD[LDOFDEOHIRUWKHDQWHQQD

$ERXWLQIUDUHGFRPPXQLFDWLRQGHYLFHV

7KHLQIUDUHGFRPPXQLFDWLRQGHYLFHVVXFKDVFRUGOHVVPLFURSKRQHVRUFRUGOHVVKHDGSKRQHVPD\QRWRSHUDWHSURSHUO\DURXQGWKH

XQLW,WLVEHFDXVHRIFRPPXQLFDWLRQIDLOXUH3OHDVHQRWHWKDWWKLVLVQRWPDOIXQFWLRQ

:KHQ\RXGLVSRVHRIWKLVSURGXFWDWWKHHQGRILWVOLIHIROORZWKHUHJXODWLRQVLQ\RXUUHVLGHQWLDODUHD

)RUPRUHLQIRUPDWLRQFRQWDFWWKHORFDODXWKRULW\RUWKHGHDOHUZKHUH\RXSXUFKDVHGWKHSURGXFW

&OHDQLQJDQG0DLQWHQDQFH

3OHDVHPDNHVXUHWRXQSOXJWKHSRZHUFRUGEHIRUHFOHDQLQJWKHXQLW

+RZWRFOHDQWKHSODVPDVFUHHQSDQHORIWKHXQLW

7KHSDQHOVXUIDFHLVVSHFLDOO\FRDWHGWRUHGXFHWKHUHÀHFWLRQDQGFXWLQIUDUHGUDGLDWLRQWKXVZLSHWKHSDQHOZLWKDOLQWIUHHDQGGU\

FORWKLQRUGHUWRSUHYHQWGDPDJHWRWKHFRDWLQJ

'RQRWXVHDFKHPLFDOFORWKRUFOHDQHU'HSHQGLQJRQWKHLQJUHGLHQWVLWPD\FDXVHGLVFRORUDWLRQDQGGDPDJHRQWKHFRDWLQJ

'RQRWZLSHZLWKDKDUGFORWKRUUXEKDUG,WPD\KXUWWKHFRDWLQJ

,QFDVHRIWKHJUHDV\GLUWVXFKDV¿QJHUSULQWZLSHZLWKDOLQWIUHHFORWKPRLVWHQHGE\DGLOXWHGQHXWUDOGHWHUJHQWVROXWLRQDQGWKHQ

ZLSHZLWKDVRIWDQGGU\FORWK

'RQRWXVHDVSUD\FOHDQHU,WFRXOGUHPRYHWKHFRDWLQJRUFDXVHPDOIXQFWLRQE\HQWHULQJLQVLGHRIWKHXQLW

+RZWRFOHDQWKHFDELQHWRIWKHXQLW

7KHIROORZLQJPD\FDXVHFUDFNGHIRUPDWLRQDQGSDLQWSHHOLQJ

 'RQRWZLSHWKHFDELQHWZLWKEHQ]HQHWKLQQHUDQGRWKHUFKHPLFDOSURGXFWV

 'RQRWVSUD\YRODWLOHVROXWLRQVVXFKDVLQVHFWLFLGHRYHUWKHFDELQHW

 'RQRWOHDYHWKHFDELQHWLQSURORQJHGFRQWDFWZLWKSODVWLFRUUXEEHUPDWHULDOV

'RQRWXVHDFKHPLFDOFORWKFOHDQHURUZD['HSHQGLQJRQWKHLQJUHGLHQWVLWPD\FDXVHFUDFNDQGGHIRUPDWLRQ

8VHDOLQWIUHHFORWKWRFOHDQWKHFDELQHWDQGFRQWUROSDQHORIWKHXQLW,QFDVHRIWKHKHDY\GLUWZLSHZLWKDVRIWFORWKPRLVWHQHGE\

DGLOXWHGQHXWUDOGHWHUJHQWVROXWLRQDQGWKHQZLSHZLWKDVRIWDQGGU\FORWK

1HYHUXVHWKHIROORZLQJGHWHUJHQWV,WFRXOGFDXVHFUDFNGLVFRORUDWLRQDQGVFUDWFK

 $FLGDONDOLQHGHWHUJHQWDOFRKROLFGHWHUJHQWDEUDVLYHFOHDQHUSRZGHUVRDS2$FOHDQHUFDUZD[JODVVFOHDQHUHWF



$%2873/$60$',63/$<3$1(/

,PDJH5HWHQWLRQRI3ODVPD'LVSOD\

7KHSODVPDGLVSOD\KDVRQHRIFKDUDFWHULVWLFVWKDWUHVXOWVLQSDQHOLPDJHUHWHQWLRQGHSHQGLQJRQKRZWKHSODVPDGLVSOD\

LVXVHG7KHIROORZLQJDUHWKHFRPPRQUHDVRQVIRUDQGHIIHFWLYHSUHYHQWLYHPHDVXUHVDJDLQVWWKHLPDJHUHWHQWLRQ

&KDUDFWHULVWLFVRI,PDJH5HWHQWLRQ

,PDJHUHWHQWLRQLVFDXVHGE\SDUWLDOGHJUDGLQJWKHSKRVSKRUGXH

WRWKHSDUWLDOGLVSOD\RIFKDUDFWHUDQG¿JXUH



)RUH[DPSOHZKHQWKHFKDUDFWHUVDVVKRZQLQ)LJ$DUHGLVSOD\HG

FRQWLQXRXVO\IRUDORQJSHULRGRIWLPHRQO\WKHSKRVSKRUV5HG*UHHQ

%OXHGLVSOD\LQJWKHFKDUDFWHUVDUHGHJUDGHG&RQVHTXHQWO\ZKHQ

GLVSOD\LQJDQDOOZKLWHLPDJHRQWKHHQWLUHVFUHHQDVVKRZQLQ)LJ

DWKHPDUNVUHPDLQLQJE\WKHFKDUDFWHUVZLOOVKRZFRORUGLIIHUHQFHV

WKHUHIRUHQRWHWKDWLWLVQRWEXUQWUHPDLQVRIWKHSKRVSKRUV

7KHGHJUHHRILPDJHUHWHQWLRQLVSURSRUWLRQDOWRWKH%ULJKWQHVV

DQG'LVSOD\7LPHIRUWKHFKDUDFWHUVDQGRU¿JXUHV

7KHEULJKWHUWKHFKDUDFWHUVDQG¿JXUHWKHPRUHSKRVSKRULV

GHJUDGHG$VVKRZQLQ)LJ%LQFDVHRIGLVSOD\LQJLPDJHVWKDW

KDYHGLIIHUHQWEULJKWQHVVHDFKIRUDORQJWLPH)LJEVKRZVWKDW

WKHEULJKWHUWKHLPDJHWKHPRUHLWWHQGVWRUHPDLQ

7KHLOOXVWUDWLRQVDUHLPDJHVWRH[SODLQLPDJHUHWHQWLRQ7KHDFWXDOPDQQHUVRQWKHLPDJHUHWHQWLRQYDU\GHSHQGLQJ

RQVXFKFRQGLWLRQVDVRSHUDWLRQWLPHDQGEULJKWQHVV

0HWKRGWR5HGXFH,PDJH5HWHQWLRQ

8VH³6FUHHQ:LSH´IXQFWLRQRQWKHGLVSOD\ZKLFKDUHDYDLODEOHIURP)XQFWLRQ0HQX5HIHUWR





 $IWHUGLVSOD\LQJFHUWDLQLPDJHVVXFKDVVWLOOLPDJHIRUDORQJWLPH³6FUHHQ:LSH´FDQEHXVHGWRUHGXFHWKHLPDJH

UHWHQWLRQE\GLVSOD\LQJDFRPSOHWHO\ZKLWHVFUHHQIRUDERXWaKRXUV

8VHLQFRPELQDWLRQZLWKPRYLQJLPDJHV

 6LQFHWKHHQWLUHVFUHHQKDVUHODWLYHO\HYHQGHJUDGDWLRQRIWKHSKRVSKRULQPRYLQJLPDJHVLWFDQUHGXFHWKHSDUWLDO

LPDJHUHWHQWLRQ:HUHFRPPHQGWRXVHWRJHWKHUZLWKVXFKPRYLQJLPDJHVDV'9'



3OHDVHEHFDUHIXOWKDWOHDYLQJWKHLPDJHVLQIUHH]HPRGHIRUDORQJSHULRGRIWLPHFDQFDXVHLPDJHUHWHQWLRQ



6RPHWHOHYLVLRQEURDGFDVWVFRQWDLQLPDJHVRIZKLFKFXWWKHOHIWULJKWRUWRSERWWRPDQGLQZKLFKEURDGFDVWVWDWLRQ

LGHQWLW\RUDFORFNLVGLVSOD\HGIRUDORQJWLPHDWWKHVDPHSRVLWLRQ3OHDVHEHDZDUHWKDWLWPD\FDXVHLPDJHUHWHQWLRQ

&RPPRQ&KDUDFWHULVWLFVRI3ODVPD'LVSOD\3DQHOV

7KHIROORZLQJDUHWKHFRPPRQFKDUDFWHULVWLFVRI3ODVPD'LVSOD\3DQHOVGXHWRVWUXFWXUDOUHDVRQV3OHDVHQRWHWKDW

WKH\DUHQRWPDOIXQFWLRQV

5HVLGXDOLPDJH

:KHQDVWLOOLPDJHRUPHQXLVGLVSOD\HGRQWKHVFUHHQIRUDVKRUWWLPHDERXWDPLQXWHDQGWKHQVZLWFKHVWRDQRWKHU

LPDJHLWPD\OHDYHDQ³DIWHULPDJH´RQWKHVFUHHQ

7KHUHVLGXDOLPDJHZLOOGLVDSSHDURQLWVRZQ

6XUIDFHRQ3DQHO

7KHSODVPDSDQHOGLVSOD\VLPDJHVE\JHQHUDWLQJGLVFKDUJHVLQWHUQDOO\7KLVFRXOGUDLVHWKHWHPSHUDWXUHRIWKHGLVSOD\VXUIDFH

,QDGGLWLRQGRQRWDOORZDQ\IRUFHIXOLPSDFWWRWKHVXUIDFHRISDQHOEHFDXVHSODVPDSDQHOLV¿QHSURFHVVLQJJODVV

HYHQWKRXJKWKHSDQHOVWUHQJWKHQVE\WKHIURQW¿OWHUPDGHRIWHPSHUHGJODVV

'HIHFWLYH3L[HOVRQ3DQHO

7KHSODVPDGLVSOD\SDQHOLVPDQXIDFWXUHGZLWKKLJKSUHFLVLRQWHFKQRORJ\+RZHYHUWKHUHPLJKWEHVRPHSL[HOVWKDW

GRQRWOLJKWDUHEULJKWHUWKDQWKHRWKHUVRULQGLIIHUHQWFRORUVHWF

>)LJ%@ >)LJE@

>)LJ$@ >)LJD@



3''7$

)($785(6

(QMR\QRWRQO\EHDXWLIXODQGKLJKTXDOLW\SLFWXUHVRQWKHGLVSOD\EXWDOVRYDULRXVNLQGVRIXVHIXODQGFRQYHQLHQW

IXQFWLRQVLQ\RXUGDLO\OLIH

/DUJHVFUHHQDQGKLJKGH¿QLWLRQSODVPDGLVSOD\

(QMR\KLJKUHVROXWLRQGLVSOD\ZLWK+[9SL[HOV

,PSURYHG'LJLWDOVLJQDOSURFHVVRU

+LJKTXDOLW\VRXQGZLWKGHHSHUULFKHUDQGG\QDPLFEDVVWRQHV

$FFHSWPRUHGLJLWDOLQSXWGHYLFHVZLWK+'0,WHUPLQDOV

*UHDWGLYHUVLW\RIFRQQHFWLQJWHUPLQDOVWRFRYHUZLGHUDQJHRIDXGLRYLVXDOHTXLSPHQWV

(DV\WRXVH2Q6FUHHQ'LVSOD\V\VWHPRSHUDWLQJZLWK5HPRWHFRQWURO

/RZSRZHUFRQVXPSWLRQZLWK3RZHU6DYLQJIHDWXUH

6833/,('$&&(6625,(6

&KHFNWKHVXSSOLHGDFFHVVRULHVEHIRUHLQVWDOODWLRQ

,QFDVHRIPLVVLQJRUGDPDJHGSOHDVHFRQWDFWWKHGHDOHULPPHGLDWHO\

7KHW\SHRISRZHUSOXJSURYLGHGPD\EHGLIIHUHQWIURPWKLVGUDZLQJ

237,21

$VN\RXUORFDOGHDOHUIRUIXUWKHUGHWDLOV

'HVNWRS6WDQG6'*

8VHU0DQXDO 5HPRWH&RQWURO $$VL]HEDWWHU\

;

3RZHU&RUG



&20321(171$0(6

0DLQ8QLW

)URQW3DQHO

6SHDNHU

&DELQHW

3DQHO

0DLQ3RZHU6ZLWFKRQWKHERWWRPVXUIDFH

5HPRWH&RQWURO5HFHLYHU

,QGLFDWLQJ/DPS

'HVNWRS6WDQGRSWLRQ

5HDU3DQHO

+DQGJULSV

6LGH,QSXW

7HUPLQDO%RDUG([WHUQDO'HYLFH&RQQHFWLRQ

3RZHU&RUG6RFNHW

&RQWURO3DQHOVHHEHORZIRUGHWDLOV

0RWRU)DQ

3OHDVHUHIHUWR





IRUWKHGHWDLOHGLQIRUPDWLRQ

IRUWKHFRQQHFWLRQV

&RQWURO3DQHO

6XE3RZHUEXWWRQ

&KDQQHO8S'RZQŸźEXWWRQ

9ROXPH8S'RZQŻŹEXWWRQ

,QSXW6HOHFW2.EXWWRQ

0HQX5HWXUQEXWWRQ









3''7$

&20321(171$0(6&RQWLQXHG

5HPRWH&RQWURO

6XE3RZHU

)XQFWLRQ6HOHFW79'9'

 6ZLWFKEHWZHHQ79DQG'9'



&RORU>&RORU@

 <HOORZ,WGLVSOD\VSURJUDPOLVWLQ'77PRGH

 %OXH,WGLVSOD\VIDYRULWHOLVWLQ'77PRGH



,QSXW6HOHFW'9'&RQWURO

 3UHVVWKLVEXWWRQWRFKDQJHLQSXWPRGH

 5*%LQSXWLVQRWDYDLODEOH

 ,QDGGLWLRQ\RXFDQXVHWKHVHEXWWRQVZKLOH

RSHUDWLQJWKHVHOHFWHGEUDQGRI'9'SOD\HU

3URJUDP6HOHFW>3DJH6HOHFW@

 3UHVVWKHVHEXWWRQVWRVHOHFWD79SURJUDP

GLUHFWO\)RURUGLJLWVFKDQQHOVHOHFWLRQ

SUHVV



EXWWRQLQDGYDQFH

5HIHUWR



IRUGHWDLOV

)UHH]H>+ROG@

 3UHVVWKLVEXWWRQWRFKDQJHWKHSLFWXUHWRIUHH]H

PRGH3UHVVLWDJDLQWRUHWXUQWRQRUPDOSLFWXUH

 $OVRLWKROGVWKHSDJHLQWHOHWH[WPRGH

0HQX

(

&XUVRU

2.

6RXQG0RGH

 6RXQGPRGHFDQEHFKDQJHGHDFKWLPHSUHVVHG

LQWKHIROORZLQJVHTXHQFH0RYLHĺ0XVLFĺ

6SHHFKĺ)DYRULWH

9ROXPH8S'RZQ

*XLGH>,QGH[@

 ,WGLVSOD\V(3*VFUHHQLQ'77PRGH

7LPH>&DQFHO@

 3UHVVWKLVEXWWRQWRGLVSOD\WKHWLPHZKHQ

UHFHLYLQJD79SURJUDP

7KHWLPHLVQRWGLVSOD\HGLIWKHVLJQDOUHFHLYHG

GRHVQRWKDYHDQ\WLPHLQIRUPDWLRQ

=RRP>7H[W

797H[W@

 3UHVVWKLVEXWWRQWRFKDQJHSLFWXUHVL]H

5HFDOO

 3UHVVWKLVEXWWRQWRVKRZWKHLQSXWVLJQDOVWDWXV

)

797H[W>79

7H[W@

7KLVVZLWFKHVEHWZHHQWKH79PRGHDQGWKH

7HOHWH[WPRGH

5HWXUQ



<RXFDQXVHWKLVWRUHWXUQWRWKHSUHYLRXVPHQX

3LFWXUH0RGH

 

3LFWXUHPRGHFDQEHFKDQJHGHDFKWLPHSUHVVHG

LQWKHIROORZLQJVHTXHQFH'\QDPLFĺ1DWXUDOĺ

&LQHPD



&+,,,



7KLVLVH[FOXVLYHO\IRU79DXGLR$1,&$0PRGH

$OVRSUHVVWKLVEXWWRQWRVHOHFW$XGLR/DQJXDJH

LQ'77PRGH



&KDQQHO8S'RZQ>3DJH6HOHFW@



0XWH



>5HYHDO@



>6XEWLWOH@

 ,WGLVSOD\VVXEWLWOHLQERWK79DQG'77PRGH



6RPHEXWWRQVDUHRQO\IRU7HOHWH[WPRGHDQGRWKHUEXWWRQVKDYHGLIIHUHQWIXQFWLRQVLQ7HOHWH[WPRGHIURP

WKHXVHRI79PRGH7KRVHEXWWRQVDUHLQGLFDWHGE\

>@

5HIHUWR$QDORJ7HOHWH[WRQ







&DXWLRQ:KHQ0RYLQJWKH0DLQ8QLW

$VWKLVSURGXFWLVKHDY\ZKHQHYHULWLVPRYHGWZRSHRSOHDUHUHTXLUHGWRWUDQVSRUWLWVDIHO\

:KHQHYHUWKHXQLWLVPRYHG

LWVKRXOGEHOLIWHGIRUZDUGV

XVLQJWKHWZRKDQGJULSVDW

WKHEDFNDQGWKHXQLWVKRXOG

WKHQEHKHOGDWWKHEDVHRQ

ERWKVLGHVIRUVWDELOLW\

35(3$5$7,21

5HPRWH&RQWURO%DWWHULHV,QVWDOODWLRQ

7KLVUHPRWHFRQWURORSHUDWHVRQ³$$´EDWWHULHV

2SHQWKHEDWWHU\FRYHU

3XVKXSDQGUHPRYHWKHEDWWHU\FRYHU

LQWKHGLUHFWLRQRIWKHDUURZ

,QVWDOOWKHEDWWHULHV

,QVWDOO³$$´EDWWHULHVLQFOXGHG

PDNLQJVXUHWKHSRODULWLHVPDWFKWKH

LQGLFDWLRQLQVLGHWKHFRPSDUWPHQW

&ORVHWKHEDWWHU\FRYHU

5HSODFHWKHEDWWHU\FRYHULQWKH

GLUHFWLRQRIWKHDUURZDQGVQDS

LWEDFNLQWRSODFH

&$87,21

,WFRXOGFDXVHFRUURVLRQRUEDWWHU\OHDNDJHDQGPD\UHVXOWLQSK\VLFDOLQMXU\

DQGRUSURSHUW\GDPDJHLQFOXGLQJÀUH

1HYHUPL[XVHGDQGQHZEDWWHULHVLQWKHGHYLFH

5HSODFHDOOWKHEDWWHULHVLQDGHYLFHDWWKHVDPHWLPH

5HPRYHWKHEDWWHULHVLIWKHUHPRWHFRQWUROLVQRWJRLQJWREHXVHGIRUDQH[WHQGHGSHULRGRIWLPH

7RDYRLGSRVVLEOHIDLOXUHUHDGWKHIROORZLQJLQVWUXFWLRQVDQGKDQGOHWKH

UHPRWHFRQWUROSURSHUO\

'RQRWGURSRUFDXVHLPSDFWWRWKHUHPRWHFRQWURO

'RQRWVSLOOZDWHURUDQ\OLTXLGRQWKHUHPRWHFRQWURO

'RQRWSODFHWKHUHPRWHFRQWURORQDZHWREMHFW

'RQRWSODFHWKHUHPRWHFRQWUROXQGHUWKHGLUHFWVXQOLJKWRUQHDUVRXUFHVRIH[FHVVLYHKHDW

+DQGJULSV

8VHWKHUHPRWHFRQWUROZLWKLQDERXWPIURP

IURQWRIWKHXQLW¶VUHPRWHFRQWUROVHQVRUDQG

ZLWKLQGHJUHHVRQERWKVLGHV















+DQGOLQJWKH5HPRWH&RQWURO



3''7$

35(3$5$7,21FRQWLQXHG

6DIHW\3UHFDXWLRQRQ0DLQ8QLW,QVWDOODWLRQ

5HDG6$)(7<35(&$87,216





WR



FDUHIXOO\EHVLGHVWKLVSDJH

:KHQLQVWDOOLQJWKHXQLWXVHWKHRSWLRQDO'HVNWRS6WDQG6'*3OHDVHUHIHUWRWKHXVHUPDQXDORIWKHVWDQG

7KH'HVNWRS6WDQG2SWLRQKDVEHHQXVHGIRUWKHLOOXVWUDWLRQLQWKLVPDQXDO

$QWL7XPEOH0HDVXUHV

,QVWDOOLQDVWDEOHSODFHDQGLPSOHPHQWVDIHW\PHDVXUHDJDLQVWRYHUWXUQLQJ

:KHQLQVWDOOLQJWKHPDLQXQLWEHVXUHWRXVHWKHVSHFL¿HGPRXQWXQLWVLQRUGHUWRREWDLQPD[LPXPSHUIRUPDQFH

DQGPDLQWDLQWKHVDIHW\

:HDVVXPHQRUHVSRQVLELOLW\RUOLDELOLW\IRUSHUVRQDOLQMXULHVRUSURSHUW\GDPDJHVFDXVHGE\XVHRIRWKHUPRXQW

XQLWVRULPSURSHULQVWDOODWLRQ

$VIRUWKHLQVWDOODWLRQLQVWUXFWLRQSOHDVHUHDGHDFKXVHUPDQXDORIWKHPRXQWXQLWVIRU'HVNWRS6HWXS:DOO

0RXQWLQJDQG&HLOLQJ0RXQWLQJ

,QFDVHRIXVLQJ:DOORU&HLOLQJ0RXQWLQJXQLWE\FRQWDFWLQJ\RXUORFDOGHDOHUDVNWKHVSHFL¿HGLQVWDOODWLRQ

VSHFLDOLVWWRVHWXS1HYHUDWWHPSWWRLQVWDOOLWE\\RXUVHOI,WFRXOGFDXVHLQMXULHVRUGDPDJHV

3OHDVHOHDYHWKHDGHTXDWHVSDFHDURXQGWKLVXQLWLQRUGHU

WRDYRLGLQFUHDVLQJWKHLQWHUQDOWHPSHUDWXUHDQGNHHS

VDIHW\

0DNHVXUHQRWWREORFNDQ\YHQWLODWLRQKROHV

'RQRWLQVWDOOWKHXQLWLQWKHVPDOOVSDFHVXFKDVLQVLGH

WKHUDFNFORVHWRUWKHER[

/HDYHPRUHWKDQFPRIFOHDUDQFHIURPHDFKVLGHRI

XQLWDQGFPIURPWKHWRSRIXQLWWRZDOO

/HDYHDWOHDVWFPRIFOHDUDQFHEHKLQGUHDUXQLW

FPRUPRUH

&RUG

FKDLQ

&ODPS

6HFXULQJWRDZDOORUSLOODU

8VLQJDFRPPHUFLDOO\DYDLODEOHFRUGFKDLQDQGFODPS

VHFXUHWKHVHWWRDZDOORUSLOODU

KRRN

FRUGRUFKDLQ

VFUHZ

FRUGRUFKDLQ

FODPS

:DOORU3LOODU

6HFXULQJWRFHLOLQJ

8VLQJDFRPPHUFLDOO\DYDLODEOHFRUGFKDLQDQGFODPSVHFXUHWKHVHWWRDFHLOLQJ



)RUPRUHLQIRUPDWLRQUHJDUGLQJWKHPRXQWLQJRIWKHXQLWSOHDVHFRQWDFW\RXUGHDOHU

3OHDVHLQVWDOOWKHXQLWDWDSURSHUDUHDZKHUHLWGRHVQRWH[SRVHDQ\RQHWRWKHGDQJHURIKLWWLQJWKHPVHOYHVIRU

H[DPSOHWKHLUKDQGVKHDGRUIDFHHWFDJDLQVWWKHHGJHRIWKHXQLWDQGFDXVHSHUVRQDOLQMXU\















&211(&7,21

7HUPLQDO3RVLWLRQV

5HDU

3RZHU&RUG6RFNHW

$HULDO6RFNHW

$9

$9

$9

0RQLWRU2XWDQG6XE:RRIHU



+'0,$QDORJ$XGLR,QSXW

6HH





(

6HUYLFH8VHRQO\

+'0,DQG+'0,

6LGH

$9

+HDGSKRQH7HUPLQDO

&RQQHFWLQJ3URFHGXUH

7KLVXQLWLVUHDG\IRUYDULRXVNLQGVRIFRQQHFWLRQV0DNHDFRQQHFWLRQLQWKHIROORZLQJVWHSV%HVXUHWRWXUQRIIWKH

0DLQ3RZHU¿UVWZKHQFRQQHFWLQJH[WHUQDOHTXLSPHQWV

&RQQHFW3RZHU&RUGWRWKHUHDUSDQHO

&RQQHFW$HULDO/HDG

&RQQHFW\RXUH[WHUQDOHTXLSPHQWVWRWKHXQLWLIDQ\

&RQQHFWWKH3RZHU3OXJWRWKH:DOO6RFNHW

&RQQHFWLQJ3RZHU&RUGWRWKH5HDU3DQHO

&RQQHFW3RZHU&RUGWRWKHXQLW

0DNHVXUHQRWWRFRQQHFWWKH3RZHU3OXJWRWKH:DOO6RFNHW

XQWLODOOFRQQHFWLRQVDUHFRPSOHWHG

&RQQHFWLQJ$HULDO/HDG

7KHUHDUHWZRZD\VWRFRQQHFW$HULDO/HDG

:KHQ\RXGRQRWKDYHDQ\RWKHUH[WHUQDOHTXLSPHQW

&RQQHFWWKH$HULDO/HDGGLUHFWO\LQWRWKH6RFNHWDWUHDUSDQHO

:KHQ\RXKDYHRQHRUPRUHH[WHUQDOGHYLFHVWRFRQQHFW

8VH5)FDEOHWRFRQQHFWEHWZHHQHDFKHTXLSPHQWDQG

$QWHQQD

&RQQHFWWKH$HULDO/HDGWRDQHTXLSPHQWµ,Q¶6RFNHW

PDUNHG

&RQQHFWWKH5)FDEOHIURPWKHHTXLSPHQWµ2XW¶WRWKHRWKHUHTXLSPHQWµ,Q¶

7KHQFRQQHFWIURPWKHHTXLSPHQWµ2XW¶WR³$17´RQWKHSODVPDVFUHHQ6RFNHWRQPDUNHG





















 



'"$+.$#!1,0+#+"0+#$- +#

 +#.1*!,) -$-$&'./$-$#/- #$* -(.,%,0+#+"

 +#.1*!,) -$/- #$* -(.,% !.+"

















 









   

































! !















$/142

(

>([DPSOH&RQQHFWLQJ$QWHQQD

WKURXJK67%DQG9&5@

3UHFDXWLRQVZKHQFRQQHFWLQJWKHDHULDO

3OHDVHXVHDFRD[LDOFDEOHZKLFKLVIUHHIURPLQWHUIHUHQFHWRFRQQHFWWKHDHULDO$YRLGXVLQJDSDUDOOHOÀDWIHHGHU

ZLUHDVLQWHUIHUHQFHPD\RFFXUFDXVLQJUHFHSWLRQWREHXQVWDEOHDQGVWULSHQRLVHWRDSSHDURQWKHVFUHHQ

$YRLGXVLQJLQGRRUDHULDODVWKLVPD\EHDIIHFWHGE\LQWHUIHUHQFH3OHDVHXVH&$79QHWRURXWGRRUDHULDO

)RUVDIHW\LQVWDOODQH[WHUQDODHULDOFRQIRUPLQJWR$6

,IQRLVHDSSHDUVLQWKHSLFWXUHRI9+)/RZEDQGFKDQQHOSOHDVHXVHDGRXEOHVKLHOGHGFDEOHQRWSURYLGHGIRU

5)/($'6WRUHGXFHWKHQRLVH



3''7$

&211(&7,21FRQWLQXHG

&RQQHFWLQJ3URFHGXUHFRQWLQXHG

&RQQHFWLQJWR([WHUQDO(TXLSPHQW

7HUPLQDOVRQ5HDU

9DQG$9

FDQEHFRQQHFWHGWRWKHHTXLSPHQWZLWKHLWKHU&RPSRQHQWRU&RPSRVLWHRXWSXW'HSHQGLQJRQZKHWKHUWKH

<9,'(2LQSXWRI\RXUVHOHFWHGHTXLSPHQWLV<VLJQDORU9LGHRVLJQDOLWDXWRPDWLFDOO\UHJDUGVDV&RPSRQHQWRU&RPSRVLWH

:KHQXVLQJDV&RPSRVLWHGRQRWLQVHUWWKHMDFNVLQWR3

RU3





,I\RXUH[WHUQDOGHYLFHKDVD&RPSRQHQWWHUPLQDO&20321(17FRQQHFWLRQLVUHFRPPHQGHGIRUKLJKHUTXDOLW\SLFWXUH

$9FDQEHFRQQHFWHGWRWKHHTXLSPHQWZLWKDQ69LGHRRXWSXWDQG&RPSRVLWHRXWSXW

,I\RXUH[WHUQDOGHYLFHKDVD6YLGHRWHUPLQDO69,'(2FRQQHFWLRQLVUHFRPPHQGHGIRUKLJKHUTXDOLW\SLFWXUH



,IERWK6YLGHRDQGYLGHRLQSXWWHUPLQDOVRI$9DUHFRQQHFWHGDWWKHVDPHWLPH6YLGHRZLOOKDYHLWVSULRULW\

0RQLWRU2XWFDQEHXVHGWRGLVSOD\VDPHLPDJHDVPDLQXQLWRQDQRWKHUPRQLWRU

:KHQWKLVRXWSXWWHUPLQDOLVFRQQHFWHGWRDQH[WHUQDOPRQLWRUZLWKD2KPWHUPLQDOWKHVDPHLPDJHIURP

FRPSRVLWH$9a69LGHR$9RU5)LQFOXGLQJ'77VLJQDOFDQEHGLVSOD\HGWRWKHH[WHUQDOPRQLWRU



9LGHRRXWSXWLVQRWDYDLODEOHIURPFRPSRQHQWRU+'0,LQSXW

$XGLRRXWSXWLVQRWDYDLODEOHZKHQ+'0,+'0,FDEOHLVFRQQHFWHG

6XE:RRIHUWHUPLQDOFDQEULQJWKHGHHSEDVVVRXQGIURPWKHH[WHUQDOVSHDNHU























>([DPSOH@

,1 287





 















>([DPSOH@

,1 287













>([DPSOH@

287 ,1

>([DPSOH@

287 ,1



























>([DPSOH@

,1 287

+'0,'9,

+'0,+'0,

&211(&7,21FRQWLQXHG

&RQQHFWLQJ3URFHGXUHFRQWLQXHG

+'0, WHUPLQDOVFDQEHFRQQHFWHGWRWKHGHYLFHVZLWK+'0,RXWSXW

,IWKHH[WHUQDOGHYLFHKDV'9,RXWSXWWKLVFDQEHDYDLODEOHZLWK+'0,'9,FDEOH,QFDVHRIXVLQJWKH+'0,'9,FDEOHFRQQHFWDQDORJ

DXGLRVLJQDOWR+'0,$QDORJ$XGLR,QSXWWHUPLQDO

,QIRUPDWLRQ

+'0,+LJK'H¿QLWLRQ0XOWLPHGLD,QWHUIDFHLVQH[WJHQHUDWLRQPXOWLPHGLD,2LQWHUIDFH2QO\RQHFDEOHLVXVHGWR

WUDQVPLWDOOYLGHRDXGLRFRQWUROVLJQDOVZKLFKFUHDWHVHDV\FRQQHFWLRQ

0RUHRYHUWKRVHGLJLWDOVLJQDOVFDQSURGXFHKLJKTXDOLW\GDWDZLWKRXWDQ\GHJUDGDWLRQ

<RXDUHSURYLGHGZLWKWZR+'0,WHUPLQDOVRQHRIWKHPRVWUHPDUNDEOHIHDWXUHV



,I\RXUH[WHUQDOGHYLFHKDVD+'0,WHUPLQDO+'0,FRQQHFWLRQLVUHFRPPHQGHGIRUKLJKHUTXDOLW\SLFWXUHDQGVRXQG



+'0,DQDORJDXGLRLQSXWWHUPLQDO

7KLVWHUPLQDOFDQEHXVHGLQRQHRIWKHIROORZLQJFDVHVRQO\

7KH'9,RXWSXWRIDQH[WHUQDOGHYLFHLVFRQQHFWHGWRWKH

+'0,WHUPLQDOXVLQJWKH+'0,'9,FDEOH

7KH'9,RXWSXWRIDQH[WHUQDOGHYLFHLVFRQQHFWHGWRWKH

+'0,WHUPLQDOXVLQJWKH+'0,'9,FDEOH

0DNHVXUHWKDWWKHYLGHRDQGDXGLRWHUPLQDOVDUHFRQQHFWHG

WRWKHVDPHH[WHUQDOGHYLFH

$ERXWWKHRXWSXWIRUPDWRIDQH[WHUQDOGHYLFHUHIHUWR

5HFRPPHQGHG6LJQDO/LVWRQ





'"$+.$#!1,0+#+"0+#$- +#

 +#.1*!,) -$-$&'./$-$#/- #$* -(.,%,0+#+"

 +#.1*!,) -$/- #$* -(.,% !.+"

















 









   

































! !















+'0,7HUPLQDO

+'0,7HUPLQDO

+'0,$QDORJ$XGLR,QSXW7HUPLQDO



3''7$

&211(&7,21FRQWLQXHG

&RQQHFWLQJ3URFHGXUHFRQWLQXHG

7HUPLQDOVRQ6LGH

6LQFHWKHIROORZLQJWHUPLQDOVDUHORFDWHGRQWKHVLGHLWLVYHU\FRQYHQLHQWWRFRQQHFWDQH[WUDGHYLFHRQDWHPSRUDU\

EDVLVDIWHUFRPSOHWLQJWKHFRQQHFWLRQVRQWKHUHDUSDQHO

$9FDQEHFRQQHFWHGWRWKHHTXLSPHQWZLWK69LGHRRXWSXWDQGFRPSRVLWHRXWSXW

,I\RXUH[WHUQDOGHYLFHKDV6YLGHRWHUPLQDO69,'(2FRQQHFWLRQLVUHFRPPHQGHGIRUKLJKHUTXDOLW\SLFWXUH



,IERWK6YLGHRDQGYLGHRLQSXWWHUPLQDOVRI$9DUHFRQQHFWHGDWWKHVDPHWLPH6YLGHRZLOOKDYHLWVSULRULW\

+HDGSKRQH7KHGHWDLOVHWWLQJVFDQEHDGMXVWHGIURP$XGLR0HQXRQSDJH





7KHDXGLRIURPWKHVSHDNHUZLOOEHPXWHGZKHQFRQQHFWLQJWKHKHDGSKRQHWRWKLVWHUPLQDO















 

!!

>([DPSOH@

,1 287

0LQL6WHUHRSOXJ



,QIRUPDWLRQ

+RZWRVHFXUHWKHFDEOHV

$IWHUFRQQHFWLQJDOORIWKHFDEOHVWRWKHWHUPLQDOVVHFXUHWKHPZLWKWKHEDQG

:KHQ\RXVHFXUHWKHFDEOHVSOHDVHEHFDUHIXOQRWWRWLJKWHQWRRPXFK

&211(&7,21FRQWLQXHG

&RQQHFWLQJ3URFHGXUHFRQWLQXHG

&RQQHFWLQJWKHSOXJLQWRWKHZDOOVRFNHW

&RQQHFWWKH3RZHU&RUGDIWHUFRPSOHWLQJDOORWKHUFRQQHFWLRQV

7KHW\SHRISOXJLVGLIIHUHQWIURPWKLVGUDZLQJ

&$87,21



8VHRQO\WKH3RZHU&RUGSURYLGHG



'RQRWXVHDSRZHUVXSSO\YROWDJHRWKHUWKDQWKDWLQGLFDWHG$&9+],WPD\FDXVH¿UHRUHOHFWULFVKRFN



)RUWKHSODVPDWHOHYLVLRQDWKUHHFRUHSRZHUFRUGZLWKDJURXQGWHUPLQDOLVXVHGIRUHI¿FLHQF\SURWHFWLRQ$OZD\VEH

VXUHWRFRQQHFWWKH

3RZHU&RUG

WRDWKUHHSURQJHGJURXQGHGRXWOHWDQGPDNHVXUHWKDWWKHFRUGLVSURSHUO\JURXQGHG

,I\RXXVHDSRZHUVRXUFHFRQYHUWHUSOXJXVHDQRXWOHWZLWKDJURXQGWHUPLQDODQGVFUHZGRZQWKHJURXQGOLQH



(QVXUHWKDWERWKHQGVRISRZHUFRUGDUHHDVLO\DFFHVVLEOH



,I\RXKDYHWRFKDQJHWKHSRZHUFRUGSOHDVHXVHWKHFHUWL¿HGSRZHUFRUGWKDWPHHWV\RXUUHJLRQ¶VVDIHW\VWDQGDUG

+RZWRIDVWHQWKHEDQG

7RWLJKWHQ

7RORRVHQ

3XOOWKHEDQGLQWKH

GLUHFWLRQRIWKHDUURZ

/RRVHQWKHEDQGE\

SXVKLQJWKHNQRELQWKH

GLUHFWLRQRIWKHDUURZ

.QRE

:LWKORQJEDQG

'"$+.$#!1,0+#+"0+#$- +#

 +#.1*!,) -$-$&'./$-$#/- #$* -(.,%,0+#+"

 +#.1*!,) -$/- #$* -(.,% !.+"

























   

































! !



















3''7$

%$6,&23(5$7,21

3RZHU2Q2II

1RZWXUQ2QWKHPDLQSRZHUWRWKHXQLW0DNHVXUHWKDWWKH3RZHU&RUG

KDVSOXJJHGLQWRWKHZDOOVRFNHW

7RWXUQ2QWKHSRZHURIWKHXQLW

3UHVVWKH0DLQ3RZHUVZLWFKRQWKHXQLW

 7KH,QGLFDWLQJ/DPSZLOOLOOXPLQDWHVLQ5HG6WDQGE\PRGH

3UHVV6XE3RZHUEXWWRQHLWKHURQWKHFRQWUROSDQHORURQWKHUHPRWHFRQWURO

 7KHFRORURIWKH,QGLFDWLQJ/DPSWXUQVLQWR*UHHQDQGWKHLPDJHZLOO

GLVSOD\RQWKHVFUHHQ

7RWXUQ2IIWKHSRZHURIWKHXQLW

3UHVV6XE3RZHUEXWWRQHLWKHURQWKHFRQWUROSDQHORURQWKHUHPRWHFRQWURO

7KHLPDJHGLVDSSHDUVIURPWKHVFUHHQDQGWKH,QGLFDWLQJ/DPSWXUQV

LQWR5HG6WDQGE\PRGH

3UHVV0DLQ3RZHUVZLWFKWRFRPSOHWHO\WXUQ2IIWKHSRZHURIWKHXQLW

7KH,QGLFDWLQJ/DPS6WDWXV&KHFN

,QGLFDWLQJ/DPS

6WDWXV

3RZHU6WDWXV 3RZHU6ZLWFK6WDWXV

2II 2II 0DLQSRZHUĺ2II

5HG 6WDQGE\PRGH

0DLQSRZHUĺ2Q

6XE3RZHUEXWWRQĺ2II

*UHHQ 2Q

0DLQSRZHUĺ2Q

6XESRZHUEXWWRQĺ2Q

2UDQJH 3RZHU6DYHPRGH

0DLQSRZHUĺ2Q

6XE3RZHUEXWWRQĺ2Q



$ERXW3RZHU6DYHPRGHVHH³3RZHU6DYH0RGH´DQG³:KHQ)ROORZLQJ0HVVDJHV$SSHDURQWKH6FUHHQ´RQ





DQG





IRUGHWDLOV





,IWKHLPDJHGRHVQRWDSSHDURQWKHVFUHHQDWDOORUKDYHDQ\SUREOHPVHH7528%/(6+227,1*RQ









,W

PD\KHOS\RXWRVROYHWKHSUREOHPV

<RXFDQWXUQ21WKHSRZHURQO\E\SUHVVLQJWKH6XE3RZHUEXWWRQGXULQJWKH6WDQGE\PRGH

'RQRWVZLWFKWKHSRZHU2Q2IIUHSHDWHGO\LQDVKRUWSHULRGRIWLPH,WFRXOGFDXVHPDOIXQFWLRQ

7RDYRLGVXGGHQVXUJHVRIHOHFWULFLW\ZKHQWKHSRZHUFRPHVEDFNRQWXUQ2IIWKHPDLQSRZHURIWKHXQLWEHIRUH\RX

OHDYHLIWKHUHLVDSRZHUFXWGXULQJXVHRIWKHXQLW

0DLQ3RZHUVZLWFKRQWKHERWWRPVXUIDFH

6XE3RZHUEXWWRQ









%$6,&23(5$7,21FRQWLQXHG

)LUVW7LPH6HWXS

:KHQ\RXWXUQ21WKH79IRUWKH¿UVWWLPHDPHVVDJHVKRZVXSWROHDGWRWKH'77

FKDQQHOLQVWDOODWLRQ

7KHPHVVDJH³'DWDEDVHLV(PSW\3UHVV0(18IRULQVWDOODWLRQ´DSSHDUV

3UHVV



EXWWRQWRDFFHVV'77PDLQPHQX

6HOHFW³,QVWDOODWLRQ´IURP'77PDLQPHQXDQGSUHVV



EXWWRQ

7KHSDVVZRUGER[ZLOODSSHDUVDV³

ºººº

´DQGHQWHU³´DV\RXULQLWLDO

SDVVZRUG

6HOHFWRQHRIWKHVFDQQLQJPHWKRGIURP³0DQXDOVFDQ´³4XLFNVFDQ´RU³$XWR

VFDQ´





³4XLFNVFDQ´DQG³$XWRVFDQ´DUHHDVLHUPHWKRGVIRUWKH¿UVWWLPH

6HH



IRUWKHGHWDLOV



8VH

EXWWRQWRJREDFNDSUHYLRXVPHQXFRQGLWLRQDQGXVH



EXWWRQWRUHWXUQ

WRWKH'77PDLQPHQX

9ROXPH83'2:1

7RLQFUHDVHWKHVRXQGYROXPHSUHVV EXWWRQRQWKHUHPRWHFRQWURO

RU9ROXPH8SEXWWRQRQWKHFRQWUROSDQHO



7KH9ROXPH,QGLFDWRUYDOXHRQWKHVFUHHQZLOOVKLIWULJKW

7RGHFUHDVHWKHVRXQGYROXPHSUHVV

EXWWRQRQWKH

UHPRWHFRQWURORU9ROXPH'RZQEXWWRQRQWKHFRQWUROSDQHO



7KH9ROXPH,QGLFDWRUYDOXHRQWKHVFUHHQZLOOVKLIWOHIW

0XWH

7RPXWHWKHVRXQGSUHVV EXWWRQRQWKHUHPRWHFRQWURO



7KHVRXQGRIWKHXQLWLVWHPSRUDULO\WXUQHG2II



7KHFRORURIWKH9ROXPH,QGLFDWRUZLOOWXUQLQWRPDJHQWD

 ZKLOHPXWLQJWKHYROXPH

7RWXUQWKHVRXQGEDFNSUHVV

EXWWRQDJDLQRU9ROXPH8SEXWWRQRQ

HLWKHUUHPRWHFRQWURORUWKHFRQWUROSDQHO



7KHFRORURIWKH9ROXPH,QGLFDWRUZLOOWXUQEDFNWRJUHHQ





<RXFDQGHFUHDVHWKHYROXPHE\SUHVVLQJ

EXWWRQ

 ZKLOHWKHVRXQGLVPXWHG







9ROXPH8S'RZQ

EXWWRQ

7KH9ROXPH,QGLFDWRU



9ROXPH8S'RZQEXWWRQ

0XWHEXWWRQ

























'770DLQ0HQX!



3''7$

%$6,&23(5$7,21FRQWLQXHG

,QSXW6ZLWFKLQJWR'7779$9aDQG+'0,

%\SUHVVLQJ,QSXW6HOHFWEXWWRQ\RXFDQVZLWFKWKHLQSXW

7

RZDWFKDFWXDOEURDGFDVWSUHVV,QSXW6HOHFWEXWWRQRQWKHFRQWUROSDQHO

WKHQXPHULFEXWWRQVRU&KDQQHO8S'RZQEXWWRQRQWKHUHPRWHFRQWURO

7RGLVSOD\WKHLPDJHRXWSXWWLQJIURPWKHH[WHUQDOHTXLSPHQWV

FRQQHFWHGWRHDFKWHUPLQDO'7779$9a+'0,VHOHFW

FRUUHVSRQGLQJPRGH

3UHVV,QSXW6HOHFWEXWWRQVRQWKHUHPRWHFRQWURO

8VH

EXWWRQWRVZLWFKEHWZHHQ'77DQG79PRGH

7KH,QSXWPRGHVFDQEHDOVRVZLWFKHGE\XVLQJ,QSXW6HOHFWEXWWRQ

RQWKHFRQWUROSDQHO

(DFKWLPHWKLVEXWWRQLVSUHVVHGWKHVFUHHQGLVSOD\VFRUUHVSRQGLQJ

PRGHE\IROORZLQJRUGHU

   



7RGLUHFWO\JREDFNWR79PRGHSUHVVLQJFKDQQHO8S'RZQEXWWRQVRQ

HLWKHUUHPRWHFRQWURORUWKHFRQWUROSDQHO

 $OVR\RXFDQXVHWKHQXPHULFEXWWRQVRQWKHUHPRWHFRQWURO

,QSXW6LJQDO6FUHHQ'LVSOD\

7KH LQSXW VLJQDO VWDWXV FDQ EH GLVSOD\HG RQ WKH VFUHHQ E\

SUHVVLQJWKH







EXWWRQ



RIWKHUHPRWHFRQWURO



7KHGLVSOD\LQ'77PRGHZLOODSSHDUDVFKDQJLQJWKHFKDQQHOVDQGJRRXWLQVHWWLPH5HIHU



WR







7KHGLVSOD\LQ799LGHRPRGHZLOOJRRXWLQDSSUR[LPDWHO\VHFRQGV

&KDQQHO8S'RZQ

EXWWRQ

,QSXW6HOHFW







,QSXW6HOHFWEXWWRQV

&KDQQHO

8S'RZQEXWWRQ











2IIWLPHU

2QWLPHU

79SRVLWLRQ

1DPH

6RXQGPRGH





R







2IIWLPHU

2QWLPHU

,QSXWPRGH

6LJQDOPRGH

6LJQDOIRUPDW

9,'(2

&RPSRQHQW+'0,RQO\

5(&$//

EXWWRQ













&KDQQHOQDPH

6WDWLRQQDPH

3URJUDPQDPH

%URDGFDVWLQJWLPH

'77

6WDUWWLPH

(QGWLPH



796(78323(5$7,21

+RZWRXVHWKH2Q6FUHHQ'LVSOD\26'V\VWHP

:LWKWKH2Q6FUHHQ'LVSOD\V\VWHP\RXFDQDFFHVVWKHYDULRXVNLQGVRIWKHIHDWXUHVDQGIXQFWLRQVLQWKLVSURGXFW

%DVLF2SHUDWLRQ



3UHVV



EXWWRQRQWKHUHPRWHFRQWURORU0HQXEXWWRQRQWKHFRQWUROSDQHO

RIWKHXQLW7KH0DLQ0HQXLVGLVSOD\HGRQWKHVFUHHQDVVKRZQRQWKHULJKW



7RVHOHFWWKHLWHPSUHVV



EXWWRQ

7KHVHOHFWHGLWHPZLOOEHKLJKOLJKWHGLQ*UHHQ

3UHVV



EXWWRQWRVHW\RXUVHOHFWLRQ

7KHVHOHFWHGPHQXSDJHZLOOEHGLVSOD\HGRQWKHVFUHHQ

8VH



EXWWRQWRFKRRVHWKHLWHPRQWKH0(18SDJH

3UHVV



EXWWRQWRVHW\RXUVHOHFWLRQ

8VH



EXWWRQWRDGMXVWWKHLWHPYDOXHVRUFKRRVHRSWLRQV

3UHVV



EXWWRQWRVHW\RXUVHOHFWLRQ

7RH[LWIURPWKHPHQXSUHVV



EXWWRQ





7KH26'PHQXVFUHHQZLOOEHFORVHGDXWRPDWLFDOO\ZKHQQRRSHUDWLRQKDV

EHHQPDGHIRUDERXWRQHPLQXWH



,IWKHLWHPLQPHQXLVVKRZQLQJUD\LWPHDQVWKDWLWFDQQRWEHVHOHFWHGRU

DGMXVWHG

790DLQ0HQX!



















0HQXEXWWRQ

0HQXEXWWRQ



3''7$

796(78323(5$7,21FRQWLQXHG

6HWXS0HQX79PRGH

:LWKWKLVPHQX\RXFDQDFFHVVYDULRXVNLQGVRIIHDWXUHVUHODWLQJWR79FKDQQHOVHWWLQJV

6HOHFWHG,WHPV 6HWXSKLQW

$XWR7XQLQJ

0RGH

3RVLWLRQ

6HOHFWWKHZD\WRGLVSOD\WKHFKDQQHOVRQWKHVFUHHQ

EHWZHHQ³´³´³´DQG$9E\XVLQJ



EXWWRQ

³´LVIRUGLJLWVFKDQQHOVHOHFWLRQ

³´LVIRUGLJLWVFKDQQHOVHOHFWLRQDQG

³´LVIRUGLJLWFKDQQHOVHOHFWLRQ

7KHSRVLWLRQQXPEHUVDUHGLVSOD\HGRQWKHXSSHUULJKW

FRUQHURIVFUHHQ

a$9

'LUHFW

7KHFKDQQHOQXPEHUaDUHGLVSOD\HGDV&

DQGWKH

FKDQQHOQXPEHUaDUHGLVSOD\HGDV6



6HDUFK

7XQHWKHORFDOFKDQQHOVDXWRPDWLFDOO\

3UHVV



EXWWRQWRVWDUWVHDUFKLQJ

0DQXDO7XQLQJ

3RVLWLRQ

3UHVVFKDQQHOXSGRZQEXWWRQVWRLQSXWSRVLWLRQ

QXPEHUa$9RUFKDQQHOQXPEHU&

RU6 

)UHTXHQF\

:KHQ$XWR7XQLQJ0RGHLVVHWWR>SRVLWLRQ@VHDUFKWKH

IUHTXHQF\E\XVLQJ



EXWWRQ

:KHQ$XWR7XQLQJ0RGHLVVHWWR>'LUHFW@WKLVIXQFWLRQLV

QRWDYDLODEOHJUD\HGRXW

1DPH

0RYHWKHFXUVRUWRWKH¿UVWGLJLWDQGVHOHFWWKHOHWWHUV

ZLWK



EXWWRQ

0RYHWRWKHQH[WGLJLWZLWKŹEXWWRQ

3UHVV



EXWWRQDJDLQZKHQ\RX¿QLVKLQSXWWLQJDOOWKH

OHWWHUV

7KHVHOHFWDEOHOHWWHUVDUHDVIROORZV³´a´´³$´a´=´³´

³´EODQN³´GLVSOD\HGDVEODQNDQG³´SHULRG

6RXQG

6\VWHP

$XWR

6HOHFWWKHVRXQGV\VWHPIURPGLIIHUHQWPRGHV



,QIRUPDWLRQ



8VH$9ZKHQFRQQHFWLQJHTXLSPHQWVXFKDVD9&5YLDDQ5)DHULDOW\SHFDEOH













 





796(78323(5$7,21FRQWLQXHG

6HWXS0HQX79PRGHFRQWLQXHG

6HOHFWHG,WHPV 6HWXSKLQW

0DQXDO7XQLQJ

&RORU

6\VWHP

$XWR

6HOHFWFRORUV\VWHPIURPGLIIHUHQWPRGHV

3$/

6(&$0

176&

176&

6NLS

2II

,WDOORZV\RXWRVNLSXQUHJLVWHUHGFKDQQHOVDXWRPDWLFDOO\

ZKHQ\RXXVHFKDQQHOXSGRZQEXWWRQVWRVHOHFW

FKDQQHOV

7KLVIXQFWLRQZLOODXWRPDWLFDOO\VNLSXQDYDLODEOHFKDQQHOV

ZKHQVHWWRRQ

2II

7KHQRLVHRQWKHVFUHHQRULQWHUIHUHQFHFRXOGEHUHGXFHG

HVSHFLDOO\DWWKHDUHDRIZHDNHOHFWULF¿HOG

$QWHQQD$WW

7KHQRLVHRQWKHVFUHHQRULQWHUIHUHQFHFRXOGEHUHGXFHG

LQFDVHWKDWWKHUHFHLYLQJDLUZDYHVDUHWRRVWURQJ

7KHVHOHFWLRQRQWKLVLWHPLVDSSOLHGWRDOOWKHFKDQQHOV

)LQH7XQLQJ a

Ź,QFUHDVHWKHIUHTXHQF\GDWDIRUWKHPDLQWXQHU

Ż'HFUHDVHWKHIUHTXHQF\GDWDIRUWKHPDLQWXQHU

6RUW

<RXFDQFKDQJHWKHRUGHURIFKDQQHOVDVIROORZV

0RYHWKHFXUVRUWRWKHFKDQQHOURZ\RXZDQWWRFKDQJH

RUGHUDQGWKHQSUHVV



EXWWRQ

7KHFRORURIWKHOHWWHUVRQWKHGHVLJQDWHGOLQHZLOOEH

WXUQHGLQWRJUHHQEUDFNHWDQGZLWK>@

0RYHWKHGHVLJQDWHGURZE\XVLQJ





EXWWRQ

3UHVV



EXWWRQWR¿[WKHSRVLWLRQ

7KLVIXQFWLRQLVQRWDYDLODEOHJUD\HGRXWZKHQWKH$XWR

7XQLQJ0RGHLVVHWWR>'LUHFW@

7HOHWH[W/DQJXDJH

6HOHFW7HOHWH[W/DQJXDJHIURPGLIIHUHQWFDWHJRULHV

:HVW(XURSH(DVW(XURSH5XVVLDQ$UDELFDQG)DUVL

DFFRUGLQJWRWKHDUHD

([DPSOH

:HVW(XURSH $VLDQFRXQWULHVZKHUHWKH7HOHWH[W

LVEURDGFDVWLQJLQ(QJOLVKVXFKDV

6LQJDSRUH$XVWUDOLDDQG0DOD\VLD

(DVW(XURSH 3RODQG6ZHGHQ+XQJDU\

5XVVLDQ 5XVVLD

$UDELF $UDEFRXQWULHV

)DUVL ,UDQ

$XWR2II

:KHQQRDLUZDYHKDVEHHQUHFHLYHGDQGQRRSHUDWLRQ

KDVEHHQPDGHIRUPLQXWHVLQ79PRGHLWWXUQVWR

VWDQGE\PRGHDXWRPDWLFDOO\



3''7$

796(78323(5$7,21FRQWLQXHG

6HWXS0HQX$9PRGH

:LWKWKLVPHQX\RXFDQVHOHFWRUDGMXVWWKHFRQGLWLRQRIWKHLQSXWVLJQDOVIURPHDFKWHUPLQDO

6HOHFWHG,WHPV 6HWXSKLQW

6\VWHP

6\VWHP

'RQRWFKDQJHWKHRULJLQDOVHWWLQJ

6\VWHP(XURSH$VLD6\VWHP6RXWK$PHULFD

&RPSRVLWHDQG6YLGHRLQSXWRQO\

6\VWHP

&RORU

6\VWHP

$9a$9

6\VWHP

$XWR

6HOHFWWKHFRORUV\VWHPGHSHQGLQJRQWKHLQSXWVLJQDO

*HQHUDOO\VHOHFW>$XWR@WRUHFHLYHDOOVLJQDOVIRUERWK

6\VWHPDQG6\VWHP

,QFDVHWKDWWKHLQSXWVLJQDOKDVWRRPXFKQRLVHWKH

VLJQDOOHYHOLVWRRORZRUWKHRSHUDWLRQLVXQVWDEOHLQ

>$XWR@VHOHFWWKHV\VWHPDFFRUGLQJWRWKHFRORUV\VWHP

RIWKHLQSXWVLJQDO

&RPSRVLWHDQG6YLGHRLQSXWRQO\

3$/

6(&$0

176&

176&

3$/

6\VWHP

$XWR

176&0

3$/0

3$/1



 







796(78323(5$7,21FRQWLQXHG

)XQFWLRQ0HQX

7KLVPHQXSURYLGHVYDULRXVZD\VWRSURWHFW\RXUSDQHOUHGXFHSRZHUFRQVXPSWLRQDQGVHWXSXWLOL]LQJWKHXVHIXO

IXQFWLRQVVXFKDV)UHH]H0RGH

6HOHFWHG,WHPV 6HWXSKLQW

6FUHHQ6DYHU

2II

7KLVKHOSVWRUHGXFHLPDJHUHWHQWLRQE\VKLIWLQJWKH

ZKROHSLFWXUHLQVPDOODPRXQWVDURXQGWKHVFUHHQDWVHW

LQWHUYDOV

<RXFDQVHOHFWWKHLQWHUYDOEHWZHHQHDFKVKLIW

0LQ

0LQ

0LQ

0LQ

0LQ

6FUHHQ:LSH

7KLVGLVSOD\VWKHZKLWHSDWWHUQWRUHGXFHWKHLPDJH

UHWHQWLRQ

2Q&RQWLQXRXV2SHUDWLRQ

0LQ/LPLWHG2SHUDWLRQIRUPLQXWHV$IWHU

PLQXWHV79JRHVWRVWDQGE\PRGH

0LQ

%ODFN6LGH3DQHO

2II

7KLVFDQFKDQJHWKHFRORURIVLGHEDUVVKRZLQJXSLQ

QRUPDOPRGH2IIJUD\2QEODFN

,WLVUHFRPPHQGHGWRVHW2IIWRUHGXFHLPDJHUHWHQWLRQ

7KLVFDQQRWEHVWRUHG7KHGHIDXOWVHWWLQJLVRI

I

9LGHR3RZHU6DYH

2II

'XULQJ$9LQSXWWKLVKHOSVWRUHGXFHSRZHUFRQVXPSWLRQ

ZKHQWKHUHLVQRYLGHRVLJQDO,QFDVHRIVHOHFWLQJ$9

LQSXWWHUPLQDOZKLFKGRHVQRWKDYHVLJQDOLQSXWLWFKDQJHV

WKHSRZHUVWDWXVWRSRZHUVDYHPRGHLQ$9$9DQG

VWDQGE\PRGHLQRWKHU$9LQSXW6HH



LQGHWDLOV

)UHH]H0RGH

6LQJOH

7KLVLVWKHXVHIXOIXQFWLRQWRZDWFKWKHSURJUDPLQDVWLOO

SLFWXUH6HH



LQGHWDLOV

6LQJOHIXOOVL]HGLPDJH

6SOLWKDOIVL]HGLPDJHV2QHLVVWLOOZKLOHWKHRWKHULV

DFWLYH

6SOLW

'HIDXOW=RRP

3DQRUDPLF

<RXFDQVHWWKHGLVSOD\VL]HIRU79LQSXWVFUHHQDSSHDULQJ

¿UVWZKHQWXUQLQJWKHPDLQSRZHU2Q

3DQRUDPLF



)XOO

(FR0RGH

2II

7KLVFDQUHGXFHWKHSRZHUFRQVXPSWLRQ

,QIRUPDWLRQ



7KHLWHP³6FUHHQ:LSH´FDQQRWEHVWRUHG

6HOHFW³2Q´RU³0LQ´WRFRQGXFWWKLVIXQFWLRQDVQHHGHG





5HIHUWR



DERXWLPDJHUHWHQWLRQ

! 

" 



 

#" 

$ 

!  

 

 !$ 

  

   !



3''7$

796(78323(5$7,21FRQWLQXHG

)XQFWLRQ0HQXFRQWLQXHG

6HOHFWHG,WHPV 6HWXSKLQW

3LFWXUH6L]H



,QFDVHWKDWWKHLPDJHIURP79VLJQDOHVSHFLDOO\&$79KDV

DEODFNHQHGJDSLQHLWKHURUERWKVLGHGXULQJ3DQRUDPLF

PRGHVHOHFW>@VRWKDWLWFDQPDNHXSIRUWKHJDS

7KLVLV

QRWDYDLODEOH

ZKHQGLVSOD\LQJ

³&LQHPD´VL]H

7KLVLVQRWDYDLODEOHH[FHSW5)FRPSRVLWHDQG

FRPSRQHQWLLLQSXWJUD\RXW



5HVHW

(DFKLWHPRQWKLVPHQXVFUHHQFDQEHUHVWRUHGWRWKH

RULJLQDOIDFWRU\VHWWLQJVE\SUHVVLQJ







EXWWRQ



796(78323(5$7,21FRQWLQXHG

3LFWXUH0HQX

,QWKLVPHQX\RXFDQPDNHVSHFL¿FDGMXVWPHQWVIRUWKHSLFWXUHEDVHGRQ\RXUSUHIHUHQFH

%\SUHVVLQJźEXWWRQDWWKHERWWRPRIHDFKPHQXSDJHWKHQH[W3LFWXUHPHQXSDJHZLOODSSHDURQWKHVFUHHQ

6HOHFWHG,WHPV 6HWXSKLQW

3LFWXUH0RGH

'\QDPLF

<RXFDQPDNHWKHEHVWVHOHFWLRQIURPPRGHVGHSHQGLQJ

RQWKHOLJKWLQJFRQGLWLRQDQGLQWHQGHGXVH

'\QDPLF6XLWDEOHIRUWKHEULJKWHUFRQGLWLRQV

1DWXUDO6XLWDEOHIRUWKHQRUPDOOLJKWLQJFRQGLWLRQ

&LQHPD6XLWDEOHIRUZDWFKLQJPRYLH

1DWXUDO

&LQHPD

&RQWUDVW









7KLVDGMXVWVWKHFRQWUDVWWRPHHWWKHOLJKWLQJHQYLURQPHQW

E\XVLQJ



EXWWRQ

7KHPD[LPXPYDOXHFDQEHH[WHQGHGWR>@E\

SUHVVLQJDQGKROGLQJŹEXWWRQDW>@ZKLFKFKDQJHV

WKHFRORUEHWZHHQWKRVHQXPEHUVIURPJUHHQWR

PDJHQWD7KLVLVWKHVSHFLDOIHDWXUHSUHSDUHGIRUWKH

GDUNVFHQH$WWKHQRUPDOFRQGLWLRQLWLVUHFRPPHQGHG

WRVHWWKHYDOXHOHVVWKDQ>@

%ULJKWQHVV 



:LWKWKLVIXQFWLRQEODFNLVDGMXVWHGWRFKDQJHWKHRYHUDOO

EULJKWQHVVE\XVLQJ





EXWWRQ

&RORU 



,WFDQDGMXVWFRORUGHQVLW\EDVHGRQ\RXUSUHIHUHQFHE\

XVLQJ





EXWWRQ

6KDUSQHVV 



3UHIHUUHGVKDUSQHVVFDQEHDGMXVWHGE\SUHVVLQJŻ

EXWWRQIRU6RIWHULPDJHRUŹEXWWRQIRU6KDUSHULPDJH

7LQW 



3UHVVLQJŻEXWWRQHQKDQFHVUHGDQGZHDNHQVJUHHQ

ZKLOHSUHVVLQJŹEXWWRQZHDNHQVUHGDQGHQKDQFHV

JUHHQ7KHVHWXSKLQWLVDGMXVWLQJIRUWKHUHDOLVWLFVNLQ

FRORU

&RORU7HPSHUDWXUH

&RRO

<RXFDQVHOHFWIURPVHWWLQJVGHIDXOWGHSHQGLQJRQWKH

FRORUFRQGLWLRQZLWK



EXWWRQ

1RUPDO

:DUP

&RQWUDVW0RGH

'\QDPLF

,WDOORZV\RXWRFKRRVHIURPPRGHV

'\QDPLF6KDUSHQWKHJUDGDWLRQWRLPSURYHWKHFRQWUDVW

IHHOLQJ

1RUPDO5HSURGXFHDVIDLWKIXOJUDGDWLRQDVSRVVLEOH

/RZ:HDNHQWKHJUDGXDWLRQWRUHGXFHWKHFRQWUDVW

IHHOLQJ

1RUPDO

/RZ

5HVHW

(DFKLWHPRQWKLVPHQXVFUHHQFDQEHUHVWRUHGWRWKH

RULJLQDOIDFWRU\VHWWLQJVE\SUHVVLQJ







EXWWRQ

 !

 ! "

   

 #



 

 

 ! 

   

  

   !

 ! "





 

  

 

 

 

  

  

   !

 







3''7$

796(78323(5$7,21FRQWLQXHG

3LFWXUH0HQXFRQWLQXHG

6HOHFWHG,WHPV 6HWXSKLQW

'&RORU0DQDJHPHQW

2II

2Q,WDXWRPDWLFDOO\DGMXVWVWKHVXLWDEOHWLQWFRORUGHQVLW\

DQGEULJKWQHVVRQLPDJHV

2II6HWLWRIILIWKHLPDJHGRHVQRWORRNQDWXUDO

%ODFN(QKDQFHPHQW

2II

$GMXVWVWKHEODFNOHYHOFRPSHQVDWLRQ

/RZ

0LGGOH

+LJK

'15

2II

7KLVLVDQRLVHUHGXFWLRQV\VWHPIRUSLFWXUHVLJQDO

/RZ

0LGGOH

+LJK

03(*15

2II

7KLVLVDQRLVHUHGXFWLRQV\VWHPIRU03(*SLFWXUHVLJQDO

H[DJDLQVWPRVTXLWRQRLVHDQGEORFNQRLVH

/RZ

+LJK

)LOP0RGH

2Q$XWRPDWLFDOO\LGHQWLI\LILWLVWKHPRYLH¿OPDQG

IDLWKIXOO\UHSURGXFHVWKHRULJLQDO¿OPLPDJHV

2II6HWWR2IILIWKHLPDJHGRHVQRWORRNQDWXUDO

'&RPE)LOWHU

2II

7KLVLVDYDLODEOHRQO\ZKHQUHFHLYLQJ176&3$

/

FRPSRVLWHVLJQDO7KLVUHGXFHVWKHGRWDQGFRORUEOXUULQJ

LQPLQXWHVFDOHVVRWKDWLWFDQUHSURGXFHSXUHUFRORU

7KLVLVQRWDYDLODEOHIRU176&3$/3$/1DQG

3$/0V\VWHP

/RZ

0LGGOH

+LJK

5HVHW

(DFKLWHPRQWKLVPHQXVFUHHQFDQEHUHVWRUHGWRWKH

RULJLQDOIDFWRU\VHWWLQJVE\SUHVVLQJ







EXWWRQ



796(78323(5$7,21FRQWLQXHG

3LFWXUH0HQXFRQWLQXHG

6HOHFWHG,WHPV 6HWXSKLQW

&RORU7HPS$GMXVW

$PSOLWXGH

2Q:KHQ\RXZDQWWRVHWVSHFL¿FDGMXVWPHQWVLQHDFKRI

WKH&RORU7HPSHUDWXUHPRGHV<RXFDQDGMXVWRQ

WKHDPSOLWXGHDQGFXWRII7KHVHWWLQJVUHÀHFWRQWKH

&RORU7HPSHUDWXUH

$PSOLWXGHVXEGXHWKHIROORZLQJFRORUVRQWKHEULJKWHU

SDUWVa

&XWRIIVXEGXHWKHIROORZLQJFRORUVRQWKHGDUNHU

SDUWVa

I5HPDLQVDVGHIDXOWVHWWLQJ

5HG

*UHHQ

%OXH

&XWRII

5HG

*UHHQ

%OXH

2II

,QIRUPDWLRQ

7KHLWHPVLQGLFDWHGE\³



´FDQEHVWRUHGIRUHDFKRILQSXWVDQGSLFWXUHPRGHV'\QDPLF1DWXUDO&LQHPD

<RXFDQHQMR\GLIIHUHQWVHWWLQJGHSHQGLQJRQWKHVHOHFWHGLQSXWVXFKDV9&5LQ$9

,QDGGLWLRQWKHLWHPLQGLFDWHGE\³



´FDQEHVWRUHGIRUHDFKRIFRORUWHPSHUDWXUHPRGHV



3''7$

796(78323(5$7,21FRQWLQXHG

$XGLR0HQX

:LWKWKLVPHQX\RXFDQDGMXVWDQGFXVWRPL]HWKHDXGLRFRQGLWLRQDV\RXOLNH

<RXFDQPRYHRQWRWKHQH[WPHQXVFUHHQE\SUHVVLQJźEXWWRQDWWKHERWWRP

6HOHFWHG,WHPV 6HWXSKLQW

$XGLR0RGH

0RYLH

<RXFDQVHOHFWWKHPRVWVXLWDEOHVRXQGFRQGLWLRQIURP

DOWHUQDWLYHVDFFRUGLQJWRWKHFRQWHQWV

,I\RXZDQWWRDGMXVWHDFKLWHPYDOXHEDVHGRQ\RXU

SUHIHUHQFHVHOHFW³)DYRULWH´

0XVLF

6SHHFK

)DYRULWH

7UHEOH a $GMXVWWKH7UHEOH

%DVV a $GMXVWWKH%DVV

%DODQFH a

$GMXVWWKHEDODQFHRIWKHVRXQGIURPULJKWDQGOHIWVSHDNHUV

656

2II

7KLVV\VWHPJLYHV\RXWKHG\QDPLF'VRXQG

7UX%DVV

2II

7UX%DVVJLYHV\RXWKHHQFKDQFHGEDVVVRXQG

6HOHFWLWGHSHQGLQJRQ\RXUSUHIHUHQFH

/RZ

+LJK

%%(

2II

%%(+LJK'H¿QLWLRQ6RXQGUHVWRUHVFODULW\DQGSUHVHQFH

IRUEHWWHUVSHHFKLQWHOOLJLELOLW\DQGPXVLFDOUHDOLVP

6HOHFWLWGHSHQGLQJRQ\RXUSUHIHUHQFH

/RZ

+LJK

3HUIHFW9ROXPH

2II

,WZLOODXWRPDWLFDOO\DGMXVWWKHYROXPHWRLWVDYHUDJHOHYHO

HDFKWLPH\RXFKDQJHWKHFKDQQHO

,QWHUQDO6SHDNHU

7KLVQHHGVWREHVZLWFKHGWR2IIZKHQ\RXZDQWWRWDNH

DXGLRIURPH[WHUQDOHSXLSPHQW

,WLVQRUPDOO\VHWWR2QZKHQ\RXRSHUDWHWKHVHWXVLQJ

WKHEXLOWLQVSHDNHUV

+HDGSKRQH9ROXPH a

,WDOORZV\RXWRDGMXVWWKHYROXPHRIWKHKHDGSKRQH

7KHVRXQGIURPWKHVSHDNHUZLOODXWRPDWLFDOO\VHWWR

087(ZKHQWKHKHDGSKRQHLVFRQQHFWHGWRWKHWHUPLQDO

5HVHW

5HVHWDOOWKHVHWYDOXHVRQWKLV0HQX3DJHWRWKHRULJLQDO

IDFWRU\VHWWLQJV



,QIRUPDWLRQ

7KHLWHPVLQGLFDWHGE\³



´FDQEHVWRUHGIRUHDFKRI$XGLR0RGH

&!

&!!



 !'

# 

$$ )

  





 

#&$$  !(

  !(

#%!&  

 %# "#  



"! !&

 

$% $%

%%%&#





796(78323(5$7,21FRQWLQXHG

7LPHU0HQX

7KLVDOORZVWKHXQLWWRWXUQ2II6WDQGE\PRGHRU2QDWVHWWLPHDXWRPDWLFDOO\ZKLFK\RXPD\¿QGXVHIXO

6HOHFWHG,WHPV 6HWXSKLQW

2II7LPHU

0LQ

7KLVIXQFWLRQDXWRPDWLFDOO\VHWVWKHSRZHUWR6WDQGE\

PRGHZKHQWKHVHOHFWHGWLPHSHULRGKDVHODSVHG

0LQ

0LQ

0LQ

0LQ

2Q7LPHU 

7KLVIXQFWLRQDXWRPDWLFDOO\VHWVWKHSRZHUIURPVWDQGE\

PRGHWR2QZKHQWKHVSHFL¿HGWLPHSHULRGKDVHODSVHG

$IWHUWKH³2Q7LPHU´LVVHWWKHLQGLFDWLQJODPSZLOOVWDUW

EOLQNLQJ

,QSXWWKHGHVLUHGWLPHZLWKLQWKHUDQJHRIWR



E\XVLQJ



EXWWRQRQWKHUHPRWHFRQWURO







 





 





3''7$

796(78323(5$7,21FRQWLQXHG

$QDORJ7HOHWH[W



:KDWLV´7HOHWH[Wµ

7HOHWH[WLVWKHZULWWHQLQIRUPDWLRQVHUYLFHVSURYLGHGE\HDFK79FKDQQHO

0RVW79FKDQQHOVSURYLGHLQIRUPDWLRQYLD7HOHWH[WVXFKDV

79SURJUDPVFKHGXOH

:HDWKHUIRUHFDVWV

6SRUWVUHVXOWV

1HZVÀDVK



+RZWRRSHUDWHWKH7HOHWH[W

<RXFDQGLVSOD\WKH7HOHWH[WVLPSO\E\SUHVVLQJWKHUHPRWHFRQWUROEXWWRQV

2SHUDWLRQ 3UHVV

7RDFWLYDWH7

HOHWH[WPRGH

7RH[LWIURPWKH7HOHWH[WPRGH

>79

7H[W@

7RPRYHWRWKHQH[WRUSUHYLRXVSDJH

>3DJH6HOHFW@

7RMXPSWRWKHLQGLFDWHGSDJH



>3DJH6HOHFW@

7RVSOLWWKHVFUHHQLQWRWZRDQGZDWFKERWK7HOHWH[WLQIRUPDWLRQ

DQGDFWXDOEURDGFDVWDWWKHVDPHWLPH

3UHVVDJDLQWRZDWFK7HOHWH[WRQDVLQJOHVFUHHQ

>7H[W

797H[W@

7RGLVSOD\,QGH[SDJH

>,QGH[@

7RDFFHVV6XEWLWOHVHUYLFHGLUHFWO\LIWKHFKDQQHOKDVWKH6XEWLWOH

VHUYLFHEURDGFDVWLQJ

>6XEWLWOH@

7RGLVSOD\+LGGHQWH[W

 H[7KHDQVZHUVRIWKH4XL]RUWKH*DPHSDJH

3UHVVDJDLQWRFORVHWKHUHYHDOHGDQVZHU



>5HYHDO@

7RUHWXUQWRDFWXDOEURDGFDVWWHPSRUDULO\ZKLOHVHDUFKLQJIRUWKH

7HOHWH[WSDJH\RXUHTXHVW

:KHQWKHVHDUFKLVGRQHWKHGHVLJQDWHGSDJHZLOOEHGLVSOD\HG

RQWKHXSSHUOHIWRIWKHVFUHHQ

3UHVVDJDLQWRUHWXUQWR7HOHWH[WSDJH



>&DQFHO@

7RDFFHVVWKHOLQNSDJHVZKLFKDUHGLVSOD\HGDWWKHERWWRPRIWKHSDJH

6HOHFWWKHEXWWRQVFRUUHVSRQGLQJWRWKHFRORUVRIWKHOHWWHUVRQVFUHHQ

>&RORU@

7RKROGWKHWH[WSLFWXUH

>+ROG@

,QIRUPDWLRQ



(DFKWLPHWKH



EXWWRQLVSUHVVHGWKHVFUHHQZLOOEHVZLWFKHGIURPGRXEOHVFUHHQWRVLJQDOVFUHHQ



6RPH7HOHWH[WSDJHVGRQRWGLVSOD\/LQN3DJHVDWWKHERWWRPRIWKHVFUHHQ3UHVV



EXWWRQWRGLVSOD\WKHP





7HOHWH[WIXQFWLRQLVGLIIHUHQWEHWZHHQ$QDORJDQG'LJLWDO

5HIHUWR



DERXW'LJLWDO7HOHWH[W







   



6HOHFW7HOHWH[WODQJXDJHIURP6HWXS0HQXVKRZQRQ







',*,7$/7(55(675,$/7(/(9,6,21'7723(5$7,21

+RZWRXVHWKH2Q6FUHHQ'LVSOD\26'V\VWHP

:LWKWKH2Q6FUHHQ'LVSOD\V\VWHP\RXFDQDFFHVVWKHYDULRXVNLQGVRIWKHIHDWXUHVDQGIXQFWLRQV

%DVLF2SHUDWLRQ



3UHVV



EXWWRQRQWKHUHPRWHFRQWURORU0HQXEXWWRQRQWKHFRQWUROSDQHORI

WKHXQLW7KH'770DLQ0HQXLVGLVSOD\HGRQWKHVFUHHQDVVKRZQRQWKHULJKW



7RVHOHFWWKHLWHPSUHVV



EXWWRQ

7KHVHOHFWHGLWHPZLOOEHKLJKOLJKWHG

3UHVV



EXWWRQWRVHW\RXUVHOHFWLRQ

7KHVHOHFWHGPHQXSDJHZLOOEHGLVSOD\HGRQWKHVFUHHQ

8VH



EXWWRQWRFKRRVHWKHLWHPRQWKH0(18SDJH

3UHVV



EXWWRQWRVHW\RXUVHOHFWLRQ

8VH



EXWWRQWRDGMXVWWKHLWHPYDOXHVRUFKRRVHRSWLRQV

3UHVV



EXWWRQWRVHW\RXUVHOHFWLRQ

7RH[LWIURPWKHPHQXSUHVV



EXWWRQ





7KH26'PHQXVFUHHQZLOOEHFORVHGDXWRPDWLFDOO\ZKHQQRRSHUDWLRQKDVEHHQ

PDGHIRUDERXWRQHPLQXWH



'XULQJ'77LQSXWWKHSDUWRI26'PLJKWQRWEHGLVSOD\HGLQ3DQRUDPLFPRGH

7RGLVSOD\IXOO\VHOHFWWKHRWKHUGLVSOD\VL]HZLWK

EXWWRQ5HIHUWR





&KHFNWKHUHIHUHQFHSDJHIRUWKHGHWDLOV

'770DLQ0HQX!

0HQXEXWWRQ













'770DLQ0HQX/LVW

0HQX )XQFWLRQ 3DJH

796HWXS

7KLVMXPSVWRWKH79PDLQPHQXFRQWDLQLQJ$QDORJ

79IXQFWLRQVXFKDV3LFWXUHPHQXDQG$XGLRPHQX



(GLWFKDQQHOV <RXFDQVHWDOLVWRIIDYRULWHFKDQQHOV



3DUHQWDOJXLGDQFH 7KLVEORFNVSURJUDPVZLWKWKHVHOHFWHGUDWLQJ



,QVWDOODWLRQ 7KLVVHDUFKHVWKHDYDLODEOHFKDQQHOV 

0DQXDOVFDQ

6HDUFKE\LWVFKDQQHOQXPEHUIUHTXHQF\

EDQGZLGWKRUSULRULW\



4XLFNVFDQ 6HDUFKE\WKHUHVLGHQWDUHD



$XWRVFDQ $XWRPDWLFDOO\VHDUFKRQHE\RQH



5HVWRUHGHIDXOW 5HVWRUHWKHFKDQQHOVHWWLQJ



*HQHUDOVHWWLQJV 

2SWLRQVHWXS 6HWXSWKHGLVSOD\WLPHRILQIRUPDWLRQEDQQHU



&KDQJHSLQ &KDQJHWKH3DVVZRUG



/RFDOWLPH 6HWXSWKHORFDOWLPH



6XEWLWOHVHWWLQJ (QDEOHRUGLVDEOHWKHVXEWLWOH



6\VWHP 7KLVGLVSOD\VWKHFXUUHQW'77V\VWHPLQIRUPDWLRQ









0HQXEXWWRQ



3''7$

',*,7$/7(55(675,$/7(/(9,6,21'7723(5$7,21FRQWLQXHG

,QVWDOOLQJ&KDQQHOV

<RXFDQVHDUFKDYDLODEOHFKDQQHOVLQDQ\RIWKHIROORZLQJPHWKRGV

3UHVV



EXWWRQRQWKHUHPRWHFRQWUROLQ'77PRGH

6HOHFW³,QVWDOODWLRQ´RQWKH'77PDLQPHQXZLWK



EXWWRQDQGSUHVV



EXWWRQ

7KHSDVVZRUGLVUHTXLUHGWRHQWHUWKH,QVWDOODWLRQPHQX7KHLQLWLDOSDVVZRUGLV

<RXFDQVHOHFWHLWKHURIWKHIROORZLQJVE\SUHVVLQJ



EXWWRQ

0DQXDOVFDQ

6HDUFKHVE\LQGLYLGXDOVHWWLQJVPDQXDOO\

7KHER[VKRZQRQWKHULJKWDSSHDUV)LOORXWWKHIROORZLQJLWHPVDVQHHGHG

&KDQQHOQXP

8VH



EXWWRQRUQXPHULFEXWWRQWRHQWHUWKHQXPEHU

&K&K,QFDVHRIWXQLQJ&K$VHOHFW&K

IUHTXHQF\0+]

)UHTXHQF\ 8VHQXPHULFEXWWRQWRHQWHUWKHIUHTXHQF\

%DQGZLGWK

6HOHFWHLWKHU0+]RU0+]E\XVLQJ



EXWWRQ6HWWR

0+]QRUPDOO\

3ULRULW\

6HOHFW+LJKRU/RZE\XVLQJ



EXWWRQ6HWWR+LJKQRUPDOO\

7KHQSUHVV



EXWWRQRQ³6WDUWVFDQ´RI³0DQXDOVFDQ´FROXPQ,ILW¿QGVD

FKDQQHO³6XFFHVV´VKRZVXS,IQRW³7LPHRXWHUURU´LVGLVSOD\HG

4XLFNVFDQ

6HDUFKHVFKDQQHOVRIWKHVHOHFWHGDUHD

7KHOLVWRIWKHDUHDVKRZVXS6HOHFWRQHRIWKRVHZLWK



EXWWRQDQGSUHVV



EXWWRQ





,I\RXDUHXQFHUWDLQDERXWWKHDUHDSOHDVHVHOHFW

³$XWRVFDQ´PHWKRGRU

FRQWDFWWKHORFDOGHDOHULQ\RXUDUHD

$XWRVFDQ6HDUFKHVHYHU\FKDQQHOV

7KHPHVVDJH³$XWRVFDQZLOOWDNHPRUHWKDQPLQXWHV'R\RXZDQWWR

FRQWLQXH"´

6HOHFW³<HV´DQGSUHVV



EXWWRQWRSURFHHGLW

5HVWRULQJ&KDQQHOV

7KLVUHVWRUHVWKHDOOFKDQQHOVHWWLQJV

3UHVV



EXWWRQRQWKHUHPRWHFRQWUROLQ'77PRGH



6HOHFW³,QVWDOODWLRQ´RQWKH'77PDLQPHQXZLWK



EXWWRQDQGSUHVV



EXWWRQ



7KHSDVVZRUGLVUHTXLUHGWRHQWHUWKH,QVWDOODWLRQPHQX7KHLQLWLDOSDVVZRUGLV

6HOHFW³5HVWRUHGHIDXOW´DQGSUHVV



EXWWRQ7KHPHVVDJH

³$OOVHWWLQJZRXOGEHORVW´DSSHDUV6HOHFW³<HV´DQGSUHVV



EXWWRQ





7KHSDVVZRUGZLOOUHWXUQWRWKHGHIDXOWVHWWLQJZKHQDFWLYDWLQJ³5HVWRUHGHIDXOW´















 



"##

$"

$"

$#"

"#!$#

$

! $&

%#

!!#&

$"



'

'



#!#"













































',*,7$/7(55(675,$/7(/(9,6,21'7723(5$7,21FRQWLQXHG

&KDQQHO6HOHFWLRQV

7KHUHDUHZD\VWRVHOHFWWKHFKDQQHOVVWHSSLQJWKURXJKWKHFKDQQHOVHOHFWLQJE\QXPEHUVHOHFWLQJIURPWKH

SURJUDPIDYRULWHOLVWDQGXVLQJWKH(OHFWURQLF3URJUDP*XLGH(3*

6WHSSLQJWKURXJKWKH&KDQQHO

3UHVV&+$11(/83'2:1EXWWRQWRVZLWFKWKHQH[WRUSUHYLRXVFKDQQHORQWKHOLVW,QIRUPDWLRQEDQQHULVGLVSOD\HG

HYHU\WLPHFKDQQHOLVVZLWFKHG

5HIHUWR



DERXWWKHLQIRUPDWLRQEDQQHU

6HOHFWLQJIURPWKH3URJUDP)DYRULWH/LVW

3URJUDP/LVW

$OOWXQHGFKDQQHOLVVHOHFWDEOHIURP3URJUDP/LVW



3UHVV ><HOORZ@EXWWRQRQWKHUHPRWHFRQWUROWRVKRZXSWKH3URJUDP/LVW

8VH



EXWWRQWRVHOHFWDQGSUHVV



EXWWRQ7KHQLWMXPSVWRWKHVHOHFWHG

FKDQQHO

)DYRULWH/LVW

<RXUIDYRULWHFKDQQHOVFDQEHVHOHFWHGIURP)DYRULWH/LVW



3UHVV >%OXH@EXWWRQRQWKHUHPRWHFRQWUROWRVKRZXSWKH)DYRULWHOLVW

(DFKWLPHSUHVVHGLWVZLWFKHVWR)DYRULWHOLVW)DYRULWHOLVWDQGRII

8VH



EXWWRQWRVHOHFWDQGSUHVV



EXWWRQ7KHQLWMXPSVWRWKH

VHOHFWHGFKDQQHO

$ERXWKRZWRVHWWKHFKDQQHOLQ)DYRULWHOLVWSOHDVHUHIHUWR





6HOHFWLQJE\1XPEHU

(QWHUWKHQXPEHUWKHODVWGLJLWVEDVHGRQWKHOLVWE\XVLQJQXPHULFEXWWRQV

RQWKHUHPRWHFRQWURO$QHPSW\LQIRUPDWLRQEDQQHUVKRZVXSZLWKWKHHQWHUHG

QXPEHU&KDQQHOLVVZLWFKHGLIWKHQXPEHULVYDOLG,IWKHHQWHUHGQXPEHULV

QRWYDOLGIRURQHRIWKHVHWXSFKDQQHOVLWDXWRPDWLFDOO\VHOHFWVWKHFORVHVW

FKDQQHO

8VLQJWKH(OHFWURQLF3URJUDP*XLGH(3*

7KH(3*VFUHHQGLVSOD\VDOLVWRIWKHVWRUHGFKDQQHOFKDQQHOVSHUSDJH

DORQJZLWKWKHQRZQH[WSURJUDPQDPH<RXFDQVHOHFWDFKDQQHOIURPWKH

(3*FKDQQHO/LVW



3UHVV EXWWRQWRDFFHVV(3*VFUHHQ

8VH



EXWWRQWRVHOHFWDQGSUHVV



EXWWRQ

3UHVV

EXWWRQRU EXWWRQDJDLQWRUHWXUQWRQRUPDOVFUHHQ

































 





!.!(!,/)*%





#((!&









#((!&







#((!&





#((!&





#((!&





#((!&



&!,*)($*)"*'-$ !

-!+ 0





3''7$

',*,7$/7(55(675,$/7(/(9,6,21'7723(5$7,21FRQWLQXHG

0DNLQJ)DYRULWH/LVW

7KH³(GLWFKDQQHOV´PHQXDOORZV\RXWRVHOHFW\RXUIDYRULWHFKDQQHOVDQGPDNHD)DYRULWH/LVWLQRUGHUWRDFFHVV

HDVLO\WRWKHFKDQQHO\RXZDWFKPRVWRIWHQ



3UHVV



EXWWRQRQWKHUHPRWHFRQWURODQGVHOHFW³(GLWFKDQQHOV´DQG

SUHVV



EXWWRQ

8VH



EXWWRQWRVHOHFWWKHFKDQQHODQGŹEXWWRQWRVHOHFW)DYRU)DY

3UHVV



EXWWRQWRVHWXSDV)DY/LVW7KH

PDUNZLOOVKRZXSZKLFK

PHDQVDVIDYRULWHFKDQQHO3UHVVLQJ



EXWWRQDJDLQRQWKHPDUNZLOO

FDQFHOWKHVHWWLQJ

<RXFDQGLVSOD\IDYRULWHOLVWE\SUHVVLQJ

>%OXH@

EXWWRQ5HIHUWR







"! 



'

'

!!

!!

!!

!!

!!

!!&

&!!%

$%%&"%&!#$%%



',*,7$/7(55(675,$/7(/(9,6,21'7723(5$7,21FRQWLQXHG

8WLOL]LQJWKH,QIRUPDWLRQ7RRO

,QIRUPDWLRQ%DQQHU

:KHQHYHUDFKDQQHOLVVZLWFKHGWKH79GLVSOD\VWKHSLFWXUHDORQJZLWKDQ

LQIRUPDWLRQEDQQHUDWWKHERWWRPRIVFUHHQ

7KHLQIRUPDWLRQEDQQHUDOVRDSSHDUVE\SUHVVLQJ

EXWWRQZKLOHZDWFKLQJ

'77:KLOHGLVSOD\LQJLQIRUPDWLRQEDQQHUSUHVV

EXWWRQRQHPRUHWLPH

WKHGHVFULSWLRQFXUUHQWO\EHLQJEURDGFDVWVKRZVXS3UHVVLQJLWDJDLQWKH

GHVFULSWLRQRIQH[WSURJUDPDSSHDUV

6HWXSWKHGLVSOD\WLPH

7KHGLVSOD\WLPHRILQIRUPDWLRQEDQQHUFDQEHVHWXSIURPWRVHF

3UHVV



EXWWRQRQWKHUHPRWHFRQWURO





6HOHFW³*HQHUDOVHWWLQJV´DQGSUHVV



EXWWRQ

6HOHFW³2SWLRQVHWXS´DQGSUHVV



EXWWRQ

7KHER[VKRZVXSDQGVHOHFWWKHGLVSOD\WLPHE\XVLQJ



EXWWRQ





:KHQ\RXVHOHFW³VHF´IRU³,QIRUPDWLRQER[WLPHRXW´WKHLQIRUPDWLRQ

EDQQHUZLOOQRWVKRZXS

'LJLWDO7HOHWH[W

7HOHWH[WFDQSURYLGHYDULRXVLQIRUPDWLRQZLWKWH[WRQWKHVFUHHQ

3UHVV

EXWWRQWRDFFHVV3UHVVLWDJDLQWRUHWXUQWRWKHQRUPDOVFUHHQ



6HH



KRZWRRSHUDWHDW$QDORJWHOHWH[W

7KHVHUYLFHRIGLJLWDOEURDGFDVWLQJVLJQDOYDULHVGHSHQGLQJRQWKHDUHD













 















2SHUDWLRQ 3UHVV

7RDFWLYDWH7

HOHWH[WPRGH

7RH[LWIURPWKH7HOHWH[WPRGH

7RPRYHWRWKHQH[WRUSUHYLRXVSDJH

7RMXPSWRWKHLQGLFDWHGSDJH a

 

$



 # 

#&# 

 

$

$

!

#

 

#   

"



"

 

  !  $ % !     

  # 

  #   $ 

,*+(-+ ,(')

 !  $ $

%  



3''7$

(OHFWURQLF3URJUDP*XLGH(3*

7KH(3*VFUHHQGLVSOD\VDOLVWRIWKHVWRUHGFKDQQHOVFKDQQHOVSHUSDJH

DORQJZLWKLQIRUPDWLRQWKHQRZQH[WSURJUDPQDPH

3UHVV

EXWWRQWRGLVSOD\(3*VFUHHQ

6HOHFWWKHGHVLUHGFKDQQHOZLWK



EXWWRQDQGSUHVV



EXWWRQ

3UHVV

EXWWRQRU EXWWRQWRUHWXUQWRWKHQRUPDOVFUHHQ



1RWDOOFKDQQHOVEURDGFDVWDOOSURJUDPLQIRUPDWLRQGDWD6RPHFKDQQHOVGR

QRWSURYLGHSURJUDPQDPHDQGGHWDLOV,QWKDWFDVHRQO\FKDQQHOQDPHDUH

GLVSOD\HG

6XEWLWOH

7KLVHQDEOHVGLVDEOHWKHVXEWLWOHLIDYDLODEOHDV\RXUXVHIXOWRRO

3UHVV



EXWWRQWRGLVSOD\'77PDLQPHQX

6HOHFW³*HQHUDOVHWWLQJV´DQGSUHVV



EXWWRQ

6HOHFW³6XEWLWOHVHWWLQJ´DQGSUHVV



EXWWRQ

:LWK





EXWWRQVHOHFW³(QDEOH´DQGSUHVV



EXWWRQ

<RXFDQDOVRDFWLYDWHWKHVXEWLWOHE\SUHVVLQJ

EXWWRQRQWKHUHPRWHFRQWURO

6XEWLWOHV2QRU6XEWLWOHV2IIZLOODSSHDUVRQWKHXSSHUOHIWFRUQHU





2QFHWXULQJ79RII³$XWRVXEWLWOH´UHWXUQVWR³'LVDEOH´



',*,7$/7(55(675,$/7(/(9,6,21'7723(5$7,21FRQWLQXHG

!.!(!,/)*%





#((!&









#((!&







#((!&





#((!&





#((!&





#((!&



&!,*)($*)"*'-$ !

-!+ 0























',*,7$/7(55(675,$/7(/(9,6,21'7723(5$7,21FRQWLQXHG

&RQÀJXULQJ6HWWLQJ

3DUHQWDOJXLGDQFH

$Q\FKDQQHOFDQEHORFNHGVRWKDWLWFDQQRWEHVHOHFWHGIRUYLHZLQJZLWKRXW

GLJLWVSLQFRGH

3UHVV



EXWWRQRQWKHUHPRWHFRQWURO

6HOHFW³3DUHQWDOJXLGDQFH´DQGSUHVV



EXWWRQ

7KHSDVVZRUGLVUHTXLUHGWRHQWHU7KHLQLWLDOSDVVZRUGLV

:LWK



EXWWRQVHOHFWWKHUDWLQJDQGSUHVV



EXWWRQ

$IWHUWKLVSURWHFWLRQZKHQHQFRXQWHUWKHFKDQQHOEORFNHGWKHPHVVDJH

VKRZVXSDQGWKHSDVVZRUGLVUHTXLUHGWRYLHZWKHFKDQQHO

$XGLRODQJXDJH

7KHDYDLODEOH$XGLRODQJXDJHFDQEHVHOHFWHG

3UHVV

EXWWRQRQWKHUHPRWHFRQWUROLQ'77PRGH

7KHDYDLODEOHDXGLRODQJXDJHDSSHDUV

:LWK



EXWWRQVHOHFWWKHDXGLRODQJXDJHDQGSUHVV



EXWWRQ

&KDQJHSLQ

7RXVHWKHORFNVHIIHFWLYHO\GRFKDQJHWKHSLQQXPEHUIURPWKHGHIDXOWVHWWLQJ

ZKLFKVKRXOGEHNQRZQDQGUHPHPEHUHGRQO\E\\RX7KHGHIDXOWVHWWLQJLV



3UHVV



EXWWRQRQWKHUHPRWHFRQWURO

6HOHFW³*HQHUDOVHWWLQJ´DQGSUHVV



EXWWRQ

6HOHFW³&KDQJHSLQ´DQGSUHVV



EXWWRQ

7KHER[DSSHDUVWR¿OORXWWKHROGDQGQHZSDVVZRUGDQGWKHFRQ¿UPDWLRQ

RIWKHQHZSDVVZRUG

8VHWKHQXPHULFQXPEHUWRHQWHU



,QFDVHWKDW\RXIRUJHW\RXUSDVVZRUGSOHDVHUHIHUWR7URXEOHVKRRWLQJRQ





/RFDOWLPH

0DNHVXUHWRVHOHFW\RXUUHVLGHQWDUHDWRVHWXSWKHFRUUHFWORFDOWLPH

3UHVV



EXWWRQRQWKHUHPRWHFRQWURO

6HOHFW³*HQHUDOVHWWLQJ´DQGSUHVV



EXWWRQ

6HOHFW³/RFDOWLPH´DQGSUHVV



EXWWRQ

8VH



EXWWRQVHOHFWWKHDUHDDQGSUHVV



EXWWRQ

#*



"" 







%"' ("#"'%# &')'

#%'&$%#%! '"#'%

"" #%"'%$&&*#%'##)%*%'

&&*#%

"!!%

#!

" !

 " !

" !

#" !

"" !

!" !

$$" !

 " !

 !!

! !"



!

"!! !!

 ! ! 









































˳˳˳



3''7$

',*,7$/7(55(675,$/7(/(9,6,21'7723(5$7,21FRQWLQXHG

&KHFNLQJ'776\VWHP,QIRUPDWLRQ

7KLVFDQGLVSOD\FXUUHQW'77V\VWHPLQIRUPDWLRQ

3UHVV



EXWWRQRQWKHUHPRWHFRQWURO

6HOHFW³6\VWHP´DQGSUHVV



EXWWRQ

3UHVVLQJ



EXWWRQRQ³6WDWXV´VKRZVXS6\VWHPLQIRUPDWLRQ+:

YHUVLRQ6:YHUVLRQDQG5HOHDVHWLPH

796HWXS0HQX

³796HWXS´PHQXFDQEHDFFHVVHGIURPWKH'77PDLQPHQX

,WMXPSVWRWKH79PDLQPHQXFRQWDLQLQJ$QDORJ79IXQFWLRQVXFKDV3LFWXUH

PHQXDQG$XGLRPHQX

5HIHUWR





a



UHJDUGLQJWKHVHWWLQJIRUWKHGHWDLOV













'$% !"# %"!

#$"!

#$"!

$% &

'$%

%%&$

'$% !"# %"!#$$%&#!%"#%&#!

7KHDERYHLVDQH[DPSOH



)81&7,21

6L]H6ZLWFKLQJ

(DFKWLPH EXWWRQRIWKHUHPRWHFRQWUROLVSUHVVHGWKHVFUHHQGLVSOD\VL]HLV

VZLWFKHGLQVHTXHQFHDQGWKHVWDWXVZLOOEHGLVSOD\HGDWWKHERWWRPRIWKHVFUHHQ

'7779$9VLJQDOLQSXW



:DWFKLQJ6WDQGDUG'HÀQLWLRQ3LFWXUHVLSLS

79$9$9$9$9+'0,+'0,

   





:DWFKLQJ+LJK'HÀQLWLRQ3LFWXUHVSLS+'0,RQO\

'77$9$9+'0,+'0,

<RXFDQGLVSOD\WKHLPDJHDWRSWLPXPFRQGLWLRQE\VHOHFWLQJGLVSOD\VL]HGHSHQGLQJRQWKHFXUUHQWRXWSXWLPDJHDVVKRZQEHORZ

,QSXW6LJQDO

'LVSOD\

6FUHHQ

'LVSOD\6L]H 7RGLVSOD\VXLWDEOHVFUHHQDVIROORZV

:KHQ:DWFKLQJ6'3LFWXUHV

6LJQDO



3OD\DLPDJHRQVFUHHQIDLWKIXOO\%ODQNLQJRFFXUVRQERWK

VLGHV

3DQRUDPLF

3OD\DLPDJHZKLFKHQODUJHVKRUL]RQWDODQGYHUWLFDOVL]HRI

WKHPLGGOHLQHTXDOVFDOHVDQGGLVSOD\VERWKVLGHVDSSHDULQJ

PXFKZLGHU

3DQRUDPLF

7KHYHUWLFDOVL]HRI3DQRUDPLFLVUHGXFHGVRWKDW\RXFDQ

VHHWKHZKROHLPDJHLQFOXGLQJDQ\VXEWLWOHVWKDWPLJKW

RWKHUZLVHQRWEHIXOO\YLVLEOHRQWKHVFUHHQ

9LVWD

=RRP

3OD\DLPDJHLQIUDPH9LVWDVL]HIDLWKIXOO\

,QVRPHFDVHVOLJKWEODQNLQJPD\UHPDLQDWWKHWRSDQG

ERWWRP

&LQHPD

&LQHPD

3OD\DLPDJHLQIUDPH&LQHPDVL]HH[SDQGLQJ

YHUWLFDOO\

,QVRPHFDVHVOLJKWEODQNLQJPD\UHPDLQDWWKHWRSDQG

ERWWRP

6TXHH]H

)XOO

3OD\DLPDJHIDLWKIXOO\LQWKHVWDQGDUGYHUWLFDOVL]HDQG

KRUL]RQWDOO\VTXHH]HG

:KHQ:DWFKLQJ+'3LFWXUHV

6LJQDO

)XOO 3OD\DLPDJHIDLWKIXOO\VKRZLQJRIWKHVL]H

)XOO

3OD\DLPDJHIDLWKIXOO\VKRZLQJRIWKHVL]H

,QVRPHFDVHWKHVFUHHQGLVSOD\KDVXQQHFHVVDU\EODQNLQJ

RUQRLVHDWWKHHGJHV

,PDJHLQ

)UDPH

3DQRUDPLF

3OD\DLPDJHLQIUDPHZKLFKHQODUJHVKRUL]RQWDODQG

YHUWLFDOVL]HRIWKHPLGGOHLQHTXDOVFDOHVDQGGLVSOD\VERWK

VLGHVDSSHDULQJPXFKZLGHU

,QIRUPDWLRQ

$VSHFWUDWLRUHSUHVHQWVKRUL]RQWDOYHUWLFDOUDWLRRQVFUHHQ

)RUH[DPSOHYLVWDLPDJHLVLQLPDJH

=220EXWWRQ

  



'XULQJ'77LQSXWWKHSDUWRI26'PLJKWQRWEHGLVSOD\HGLQ3DQRUDPLFPRGH



3''7$

)81&7,21FRQWLQXHG

6L]H6ZLWFKLQJFRQWLQXHG

79$9VLJQDOLQSXWFRQWLQXHG



3RVLWLRQ$GMXVWPHQW

9HUWLFDOSLFWXUHSRVLWLRQFDQEHDGMXVWHGIRU3DQRUDPLF=RRP&LQHPDDQG)XOOPRGHDVIROORZV

3UHVV





EXWWRQZKLOHRSHUDWLQJWKHSLFWXUHVL]HGLVSOD\

³3RVLWLRQ´GLVSOD\ZLOODSSHDU

$GMXVWWKHSRVLWLRQE\





EXWWRQ

$GMXVWPHQWUDQJHRIHDFKSLFWXUHVL]HDUHDVVKRZQEHORZ

'LVSOD\6L]H $GMXVWDEOH5DQJH &RQGLWLRQ5HPDUN

3DQRUDPLF a

=RRP&LQHPD a

)XOO &RPSRQHQWVLJQDORQO\

3RVLWLRQ

3UHVVŸ

3RVLWLRQ

3UHVVź

&$87,21

8VLQJDZLGHVFUHHQWHOHYLVLRQ

7KLVWHOHYLVLRQKDVDVFUHHQPRGHVHOHFWLRQIHDWXUH,IDQLQFRPSDWLEOHVFUHHQPRGHLVVHOHFWHGWRSOD\FHUWDLQ

VRIWZDUHVXFKDVD79SURJUDPWKHLPDJHZRXOGDSSHDUGLIIHUHQWIRUPWKHRULJLQDO7DNHWKLVLQWRFRQVLGHUDWLRQ

ZKHQPDNLQJVFUHHQPRGHFKRLFHV

8VHRIWKHZLGHIHDWXUHGLVSOD\LQJHQODUJHGSLFWXUHVLQFRIIHHVKRSVKRWHODQGRWKHUHVWDEOLVKPHQWVIRU

FRPPHUFLDORUSXEOLFYLHZLQJSXUSRVHVFRXOGLQIULQJHRQWKHFRS\ULJKWKROGHU¶VULJKWSURWHFWHGE\&RS\ULJKW/DZ

:KHQDQRUPDOLPDJHQRWZLGHVFUHHQLVGLVSOD\HGRYHUWKHHQWLUHVFUHHQLQWKH3DQRUDPLFPRGHWKH

SHULSKHUDOLPDJHPD\GLVDSSHDUSDUWO\DQGRUDSSHDUGLVWRUWHGLQVRPHFDVHV8VHPRGHWRYLHZWKHLPDJH

UHÀHFWLQJRULJLQDOLQWHQWLRQ



)81&7,21FRQWLQXHG

3LFWXUH)UHH]LQJ

%\SUHVVLQJ EXWWRQ\RXFDQFKDQJHWRIUHH]HPRGHHDVLO\DQ\WLPH\RX

OLNH3UHVVLWDJDLQWRUHWXUQWRQRUPDOSLFWXUH

7KHUHDUHWZRW\SHVRIIUHH]HPRGH<RXFDQVHOHFWWKHVHLQWKH³)UHH]H

0RGH´IURP)XQFWLRQ0HQX





6LQJOH

,WIUHH]HVDSLFWXUHRQDVLQJOHIUDPH

6SOLW

,WGLVSOD\VSLFWXUHVIURPWKHVDPHVRXUFH2QHLVDFWLYHOHIWZKLOHWKHRWKHU

LVVWLOOSLFWXUHULJKW7KLVLVYHU\XVHIXOLQRUGHUWRDYRLGPLVVLQJVRPHWKLQJRU

WRPDNHDQRWHRIVRPHWKLQJVXFKDVDUHFLSH



 

)5((=(EXWWRQ





7KHVL]HRIWKHSLFWXUHVGLIIHUV

GHSHQGLQJRQWKHVLJQDOIRUPDW

UHFHLYHG



3''7$

)81&7,21FRQWLQXHG

$XGLR6ZLWFKLQJ

1,&$06RXQG0XOWLSOH[LQFOXGLQJ$79PRGH

<RXFDQPDNHRSWLPXPXVHRIDYDLODEOHDXGLRE\SUHVVLQJ



EXWWRQRIUHPRWHFRQWURO$XGLRFDQEHVZLWFKHGRQO\LI

UHFHLYLQJ1,&$0DQGVRXQGPXOWLSOH[VLJQDOVRWKHUZLVHSUHVVLQJWKLVEXWWRQZLOOKDYHQRHIIHFWVXFKDVZKHQRQO\

PRQRVRXQGLVUHFHLYHG

7KHVHFDQEHGLYLGHGLQWRWZRPDLQFDWHJRULHV%LOLQJXDO'XDO6RXQGEURDGFDVWDQG6WHUHREURDGFDVW

%LOLQJXDO'XDO6RXQGEURDGFDVW

%LOLQJXDOEURDGFDVWLVWKHEURDGFDVWDYDLODEOHRQWKHPDLQDQGVXEODQJXDJHVZKLOHGXDOVRXQGEURDGFDVWLV

DYDLODEOHRQWKHSULPDU\DQGVHFRQGDU\VRXQGVIRUH[DPSOHVRPHVSRUWVSURJUDPVFRQWDLQEURDGFDVWFRPPHQWDU\

RQDJDPHDVSULPDU\VRXQGDQGDFRPPHQWDU\DERXWDWHDPDVWKHVHFRQGDU\

:KHQELOLQJXDOSURJUDPLVUHFHLYHGVRXQGPRGHGLVSOD\DSSHDUVLQ\HOORZDVVKRZQ$OVRZKHQUHFHLYLQJ1,&$0

VLJQDOV1,&$0GLVSOD\ZLOODSSHDU

(DFKWLPH



EXWWRQLVSUHVVHGWKHGLVSOD\LVVZLWFKHGLQWKHVHTXHQFHRIIROORZLQJ











 

 



@«0DLQODQJXDJH3ULPDU\6RXQG

@6XEODQJXDJH6HFRQGDU\6RXQG

ź«IRUFHPRQR7KLVVHOHFWVPDLQODQJXDJHRUSULPDU\VRXQG

6WHUHREURDGFDVW

:LWKVWHUHREURDGFDVW\RXFDQHQMR\GLIIHUHQWVRXQGIURPHLWKHUVLGH

:KHQDVWHUHRSURJUDPLVUHFHLYHGVRXQGPRGHGLVSOD\ZLOODSSHDULQUHGDVVKRZQ

$OVRZKHQUHFHLYLQJ1,&$0VLJQDOV1,&$0GLVSOD\ZLOODSSHDU

3UHVV



EXWWRQWRVZLWFKEHWZHHQVWHUHRDQGPRQRVRXQG





 









3OHDVHVHOHFWźIRUFHPRQRLQFDVHRISRRUUHFHSWLRQQRLVHSRRUVWHUHRVRXQGGXHWRVLJQDOFRQGLWLRQVRWKDW

\RXFDQUHFHLYHDFOHDUPRQRVRXQG



UHSUHVHQWVWKH0RQREURDGFDVW



)81&7,21FRQWLQXHG

3RZHU6DYH0RGH

<RXDUHSURYLGHGWKHIXQFWLRQWRVDYHSRZHUFRQVXPSWLRQZKHQQRVLJQDOLVGHWHFWHGLQ$9LQSXW6HWWR2QLQ³9LGHR

3RZHU6DYH´IURP)XQFWLRQ0HQXZKLFKOHDGVWRWKHSRZHUVDYHPRGHLQ$9$9+'0,+'0,DQGWKH

6WDQGE\PRGHLQRWKHU$9LQSXW3OHDVHVHHWKHWDEOHEHORZIRUGHWDLOV

5HIHUWR





DERXW³9LGHR3RZHU6DYH´



:KHQQRVLJQDOLVGHWHFWHG

:KHQVLJQDOLVLQSXWGXULQJ

2QLQ´9LGHR3RZHU6DYHµ

&RQGLWLRQ ,QGLFDWLQJ/DPS

$9$9

+'0,+'0,

3RZHU6DYH 2UDQJH 7XUQV2QDXWRPDWLFDOO\

$9$9 6WDQGE\ 5HG 5HPDLQVDV6WDQGE\PRGH



3''7$

)81&7,21FRQWLQXHG

'9'3OD\HU6HOHFWLRQ

<RXFDQXVHWKLVUHPRWHFRQWUROWRRSHUDWH'9'3OD\HURIRWKHU

PDNHUVDVZHOODV

WKLVVHW$IWHUVHOHFWLQJWKHVLGHRI³'9'´RQ)XQFWLRQ6HOHFWVZLWFKSUHVVRUKROG

WKHUHTXLUHG

EXWWRQVWRVHOHFWWKHPDNHUDQGW\SHDVVKRZQEHORZ

6HWXS

([DPSOH+,7$&+,'9'



6HWXSWKHPDNHU

$IWHUVHOHFWLQJ³'9'´RI)XQFWLRQ6HOHFWVZLWFKRQWKHUHPRWHFRQWUROSUHVV





DQG

EXWWRQV

6HWXSWKHPDNHUW\SH

5HOHDVHWKH EXWWRQZKLOHNHHSLQJ



EXWWRQGHSUHVVHG7KHQSUHVV 

EXWWRQ

&RQ¿UPWKHVHWWLQJ

$IWHUVHWWLQJWKHPDNHUDQGW\SHSUHVVWKH68%32:(5EXWWRQRQWKHUHPRWH

FRQWURO,IWKH'9'GRHVQRWVZLWFK21UHSHDWVWHSDQGXVLQJRWKHUPDNHU

W\SHVDVOLVWHG

´'9'µ6HOHFWLRQ!

0DNHUVRI'9'3OD\HU

6HW0DNHU 6HWW\SH

0DNHUVRI'9'3OD\HU

6HW0DNHU 6HWW\SH

+,7$&+,



 a 6RQ\





)81$,



 6KDUS





3LRQHHU



 a 0LWVXELVKL





3DQDVRQLF



 21.<2



 a

726+,%$



 6+,1&2







3KLOLSV



 a 6.<:257+





-9&



 %8%8.2







6$0681*



 '(121









3OHDVHQRWHWKDWQRWDOOPRGHOVRIWKHOLVWHGPDNHUVFDQEHRSHUDWHGXVLQJWKLVUHPRWHFRQWURO

)XQFWLRQ

6HOHFW

VZLWFK



7528%/(6+227,1*

%HIRUHFDOOLQJVHUYLFHWHFKQLFLDQFKHFNWKHIROORZLQJWDEOHV¿UVW,IWKHSUREOHPLVQRWEHVROYHGZLWKWKHVXJJHVWHGSURFHGXUHVFRQWDFW\RXUORFDO

GHDOHU)RU\RXUVDIHW\1(9(5WU\WRUHSDLUWKHSURGXFWE\\RXUVHOI

:KHQ)ROORZLQJ0HVVDJHV$SSHDURQWKH6FUHHQ

0HVVDJH &RQGLWLRQ$FWLRQ 3DJH

3RZHU6DYH

7KLVLQGLFDWHVLWLVLQ3RZHU6DYHPRGH

7KHLQGLFDWLQJODPSOLJKWVLQRUDQJH









1R6\QF6LJQDO

7KHXQLWFDQQRWGHWHFWDQ\VLJQDOVIURPDQ\LQSXWWHUPLQDOV

&KHFNLIWKHFDEOHLVFRQQHFWHGFRUUHFWO\DQG¿UPO\

&KHFNLIWKHSRZHURIDQ\H[WHUQDOHTXLSPHQWLV21

&KHFNLIWKHLQSXWVHOHFWLRQPDWFKHVWKHFRQQHFWLRQWHUPLQDO







,QYDOLG6FDQ)UHT

7KHXQLWUHFHLYHVXQVXSSRUWHGVLJQDOV

&KHFNLIWKHFDEOHLVFRQQHFWHGFRUUHFWO\DQG¿UPO\

&KHFNLIWKHLQSXWVLJQDOLVFRPSDWLEOHZLWKWKHVSHFL¿FDWLRQRIWKHWHOHYLVLRQ









1RW$YDLODEOH 7KLVVKRZVZKHQWKHVHOHFWHGRSHUDWLRQLVQRWDYDLODEOH

3OHDVH3XVK>5HWXUQ@EXWWRQ

7KLVPHVVDJHDSSHDUVZKHQ\RXVHOHFWRWKHUWKDQ EXWWRQZKLOH6FUHHQ:LSHLV21

3UHVV EXWWRQZKHQWKLVPHVVDJHDSSHDUV



&KHFN$QWHQQD &KHFNWKHFRQQHFWLRQVWDWXVZKHQWKLVPHVVDJHDSSHDUV



:HDNVLJQDO

&KHFNDHULDOOHDGLILWLVGLVFRQQHFWHGGDPDJHGPLVDOLJQHGLQ'77PRGH

&KHFNZLWK\RXUGHDOHULILWLVRXWRIVLJQDODUHDRUQRWLQ'77PRGH

%DGRU1RVLJQDO

6\PSWRPDQG&KHFN/LVW

6\PSWRPV &KHFNOLVW 3DJH

1RSLFWXUHQRVRXQG



&KHFNWKH,QGLFDWLQJODPSVWDWXV2II5HG*UHHQRU2UDQJH



&KHFNWKHFRQQHFWLRQRIWKH3RZHU&RUGDQGRURWKHUFDEOHV



&KHFNLIWKH0DLQ3RZHURIWKHXQLWRUH[WHUQDOHTXLSPHQWVLV21

&KHFNLIWKH79PRGHLVVHOHFWHG



&KHFNLIWKH79LVLQ³6WDQGE\PRGH´RU³3RZHU6DYHPRGH´

$GMXVWWKHYDOXHVLQ³3LFWXUHPHQX´DQG³$XGLRPHQX´

















6QRZ\SLFWXUHSRRUVRXQG

&KHFNWKHDQWHQQDFRQQHFWLRQDQGGLUHFWLRQ

7KH79VWDWLRQPD\KDYHEURDGFDVWGLI¿FXOWLHV

7U\DQRWKHUFKDQQHO



0XOWLSOHLPDJHVQRUPDOVRXQG

&KHFNWKHDQWHQQDFRQQHFWLRQDQGGLUHFWLRQ

)LQHWXQLQJWKH79

&KHFNWKHFRQQHFWLRQRIWKHH[WHUQDOHTXLSPHQWV



7KH79VWDWLRQPD\KDYHEURDGFDVWGLI¿FXOWLHV7U\DQRWKHUFKDQQHO







,QWHUPLWWHQWLQWHUIHUHQFH

&KHFNLIWKHVRXUFHRILQWHUIHUHQFHLVVKLHOGHGZHOO

5HPRYHWKRVHNLQGVRIHOHFWULFDOGHYLFHVDZD\IURPWKH79

1RUPDOSLFWXUHEXWQRVRXQG

&KHFNWKHYROXPHOHYHO



&KHFNLIWKH



EXWWRQKDVEHHQSUHVVHGRUQRW

0DNHVXUHWKDWWKHKHDGSKRQHLV127FRQQHFWHG

&KHFNWKHFRQQHFWLRQRIWKHH[WHUQDOHTXLSPHQWV



1RSLFWXUHQRUPDOVRXQG

&KHFNWKHYDOXHOHYHORI³%ULJKWQHVV´DQG³&RQWUDVW´LQ

³3LFWXUH0HQX´



7KHUHPRWHFRQWUROGRHVQRWZRUN



&KHFNLIWKHEDWWHULHVDUHLQVWDOOHGFRUUHFWO\



7KHEDWWHULHVPLJKWEHH[KDXVWHG5HSODFHWKHPZLWKQHZRQHV



5HPRYHDOOWKHREVWUXFWLRQVLQIURQWRIWKHVHQVRUZLQGRZRQWKHXQLW

&KHFNLI\RXVHOHFWWKHFRUUHFWIXQFWLRQE\)XQFWLRQ6HOHFW

VZLWFKRQWKHUHPRWHFRQWURO

&KHFNLIWKHEXWWRQVRIWKHFRQWUROSDQHOFDQZRUN









1RUPDOSLFWXUHEXWQRFRORUQRUPDOVRXQG

&KHFNWKHFRQQHFWLRQRIWKHH[WHUQDOHTXLSPHQWV

&KHFNWKH³6RXQG6\VWHP´DQG³&RORU6\VWHP´LQ³6HWXS

0HQX´

















3''7$

7528%/(6+227,1*FRQWLQXHG

6\PSWRPDQG&KHFN/LVWFRQWLQXHG

6\PSWRPV &KHFNOLVW 3DJH

,PDJHLVSDXVHG &KHFNLIWKH79LVLQIUHH]HPRGHE\SUHVVLQJ EXWWRQ



1RSLFWXUH

7KH,QGLFDWLQJODPSĺ2II

&KHFNLIWKH3RZHU&RUGLVSOXJJHGLQWRWKHVRFNHW¿UPO\

&KHFNLIWKH0DLQ3RZHULV21









1RSLFWXUH

7KH,QGLFDWLQJODPSĺ2UDQJH

,WPHDQVWKDWWKHXQLWLVLQ³3RZHU6DYH

PRGH´

&KHFNLIDOOWKHFDEOHVRIWKHH[WHUQDOHTXLSPHQWVDUHFRQQHFWHG

FRUUHFWO\DQG¿UPO\

&KHFNLIWKHSRZHURIWKHH[WHUQDOHTXLSPHQWVLV21

&KHFNLIWKH79$9PRGHKDVEHHQVHOHFWHGFRUUHFWO\

5HIHUWR³3RZHU6DYHPRGH´DQG³:KHQIROORZLQJPHVVDJHVDSSHDUVRQ

WKHVFUHHQ´









1RSLFWXUH

7KHLQGLFDWLQJODPSĺ*UHHQ

&KHFNLIWKHVLJQDOFDEOHLVFRQQHFWHGFRUUHFWO\DQG¿UPO\

$GMXVWWKHOHYHORI%ULJKWQHVVDQG&RQWUDVWORZHU







7KHUHDURIWKH79PDNHVDEX]]LQJ

VRXQG

7KLVFRXOGEHWKHVRXQGSURGXFHGE\WKHPRWRUIDQZKHQLWURWDWHV

7KLVLVQRWDPDOIXQFWLRQ

7KHWRSRIWKHXQLWDQGVXUIDFHRIWKH

SDQHOKHDWXS

,WPD\KDSSHQZKHQ\RXXVHWKHXQLWIRUORQJKRXUV7XUQRIIWKH0DLQ

3RZHURIWKHXQLWIRUDZKLOH3OHDVHQRWHWKDWWKLVLVQRWPDOIXQFWLRQ



,PDJHFDQQRWEHGLVSOD\HGLQWKHFRUUHFW

SRVLWLRQ



3UHVV

 

EXWWRQWRFKHFNLIWKHLQSXWVLJQDORIWKHGLVSOD\HGLPDJHLV

FRPSDWLEOHZLWKWKHVSHFL¿FDWLRQRIWKHWHOHYLVLRQ









:KHQWKH9&5LVLQVSHFLDOSOD\EDFN

IHDWXUHV)DVW)RUZDUGRU5HZLQGWKH

VFUHHQJHWVGDUNDQGFDQQRWVHHWKH

LPDJHDWDOO

,WFRXOGKDSSHQZKHQWKH9&5LVFRQQHFWHGWR&RPSRQHQWRXWSXWVXFK

DVL7KLVLVQRWPDOIXQFWLRQ



7U\&RPSRVLWHRXWSXWRU6YLGHRRXWSXWDQGFKHFNWKHSLFWXUHDJDLQ

6RPHVFUHHQGLVSOD\VL]HFDQQRWEH

VZLWFKHG

&KHFNWKHVLJQDOVWDWXVE\SUHVVLQJWKH

 

EXWWRQRQWKHUHPRWH

FRQWURO7KHDYDLODEOHVFUHHQGLVSOD\VL]HLVGLIIHUHQWGHSHQGLQJRQWKH

FXUUHQWVLJQDOVWDWXV















&DQQRWEHGLVSOD\HGWKHLPDJHIURP

+'0,RU

&KHFNLIWKHFDEOHVDUHFRQQHFWHGFRUUHFWO\

&KHFNWKHRXWSXWIRUPDWRIWKHHTXLSPHQWV

3OHDVHUHIHUWR³&RQQHFWLQJ3URFHGXUH´DQG³5HFRPPHQGHG6LJQDO

/LVW´









7KHLPDJHDQGDXGLRDUHPLVPDWFKHGLQ

+'0,PRGH

&KHFNLIWKH+'0,DQDORJDXGLRLQSXWWHUPLQDOLVFRQQHFWHGWRWKHVDPH

H[WHUQDOGHYLFH



1R3LFWXUHRUVRXQGLVRXWSXW

'77PRGHRQO\

,WPLJKWRFFXUEHFDXVHLWLVWXQHGWRGLJLWDOWHOHWH[WFKDQQHO

5HWXUQWRDQRWKHUFKDQQHO



)RUJRWWHQSDVVZRUG

'77PRGHRQO\

3UHVVDQGKROGGRZQ



>5HG@ >*UHHQ@DQG EXWWRQVRQWKH

UHPRWHFRQWUROVLPXOWDQHRXVO\IRURYHUVHFRQGVVRWKDWWKHSDVVZRUG

UHWXUQVWRWKHGHIDXOWVHWWLQJ3OHDVHQRWHWKDWDOOWXQHGFKDQQHOV

DQGDGMXVWHGGDWDIRUERWKDQDORJDQGGLJLWDOZLOOEHORVW



'XHWRWKHEDGUHFHSWLRQEORFNQRLVH

LQWHUIHUHVGXULQJ'77PRGH

'77PRGHRQO\

&KHFNWKHDHULDOV\VWHPWRLPSURYHVLJQDOTXDOLW\



/RFDOWLPHGLVSOD\VLQFRUUHFWO\

'77PRGHRQO\

&KHFNLI\RXVHOHFWFRUUHFWDUHDLQ³/RFDOWLPH´IURP³*HQHUDOVHWWLQJ´





352'8&763(&,),&$7,216

63(&,),&$7,21

3DQHO

'LVSOD\GLPHQVLRQV $SSUR[LQFKHV+[9PPGLDJRQDOPP

5HVROXWLRQ +[9SL[HOV

1HWGLPHQVLRQV

LQFOXGLQJ2SWLRQDO6WDQG:[+['PP

H[FOXGLQJ2SWLRQDO6WDQG:[+['PP

1HWZHLJKW

LQFOXGLQJ2SWLRQDO6WDQGNJ

H[FOXGLQJ2SWLRQDO6WDQGNJ

$PELHQW

FRQGLWLRQV

7HPSHUDWXUH 2SHUDWLQJ&WR&6WRUDJH&WR&

5HODWLYHKXPLGLW\

2SHUDWLQJWR6WRUDJHWRQRQFRQGHQVLQJ

3RZHUVXSSO\

$&9+]

3RZHUFRQVXPSWLRQDWVWDQGE\

::

$XGLRRXWSXW VSHDNHUWRWDO:

9,'(2LQSXW

,QSXWWHUPLQDOV

$9FRPSRVLWHYLGHRLQSXWWHUPLQDO5&$

FRPSRQHQWYLGHRLQSXWWHUPLQDO5&$

/5DXGLRLQSXWWHUPLQDO5&$

$9FRPSRVLWHYLGHRLQSXWWHUPLQDO5&$

6YLGHRLQSXWWHUPLQDO

/5DXGLRLQSXWWHUPLQDO5&$

+'0,+'0,LQSXWWHUPLQDO

$XGLRLQSXWWHUPLQDO/5DXGLRLQSXWWHUPLQDO5&$

,QSXWVLJQDOV

&RPSRVLWHYLGHR3$/6(&$0176&176&3$/

&RPSRQHQWYLGHRLLSSSSLL

+'0,9*$LLSSSSLL

SS

2XWSXW6LJQDO

287387021,725FRPSRVLWHYLGHRPRQLWRURXWSXWWHUPLQDO5&$

287387021,725/5DXGLRPRQLWRURXWSXWWHUPLQDO5&$

287387

+($'3+21(/5DXGLRPRQLWRURXWSXWWHUPLQDO0LQLSLQ

28738768%:22)(5:RRIHURXWSXWWHUPLQDO5&$

5)LQSXW

,QSXWWHUPLQDO5HFHLYLQJUDQJH $178QEDODQFHGa0+]

5)9LGHR6\VWHP

3$/%*+,'.

6(&$0%*'..

176&0

'9%7

7KHXQLWWDNHVDWOHDVWPLQXWHVWRDWWDLQWKHVWDWXVRIRSWLPDOSLFWXUHTXDOLW\

7KLVDQDORJDXGLRLQSXWWHUPLQDOFDQEHXVHGIRU+'0,RQO\



3''7$

352'8&763(&,),&$7,216FRQWLQXHG

6LJQDO,QSXW

6LQSXWFRQQHFWRUSLQVSHFLÀFDWLRQV

3LQ ,QSXWVLJQDO

 <

<*1'

 &

 &*1'

)UDPH *1'

+'0,FRQQHFWRUSLQVSHFLÀFDWLRQV

3LQ ,QSXWVLJQDO 3LQ ,QSXWVLJQDO

 70'6'DWD70'6&ORFN6KLHOG

 70'6'DWD6KLHOG  70'6&ORFN

 70'6'DWD &(&

 70'6'DWD  5HVHUYHG1&RQGHYLFH

 70'6'DWD6KLHOG  6&/

 70'6'DWD  6'$

 70'6'DWD  ''&&(&*URXQG

 70'6'DWD6KLHOG  93RZHU

 70'6'DWD  +RW3OXJ'HWHFW

 70'6&ORFN

5HFRPPHQGHG6LJQDO/LVW

:LWK+'0,LQSXW

1R

6LJQDOPRGH

+RUL]RQWDO

IUHTXHQF\

N+]

'RWFORFN

IUHTXHQF\

0+]

5HPDUNV

6LJQDO

1DPH

5HVROXWLRQ

9HUWLFDO

IUHTXHQF\+]

 9*$ ;    (,$&($%

 L

;

   (,$&($%

 L

;

   (,$&($%

 S ;    (,$&($%

 S ;    (,$&($%

 L ;    (,$&($%

 L ;    (,$&($%

S ;   (,$&($%

S

;   (,$&($%



S

;    (,$&($%



S

;    (,$&($%

Hitachi 42PD900DTA 42" Plasma Television With Digital Tuner

Product's Documents

User Manual

Specifications

Hitachi 42PD900DTA Questions and Answers

Related Products

Hitachi 42PD580DTA 42" Plasma Television With Digital Tuner

Hitachi 42HDS69 plasma television

Hitachi P50S601 Official Plasma Television

Hitachi 42PD6000TA 42" Plasma Television

Hitachi 50PD960DTA 50" Plasma Television

Hitachi 42PD380TA 42" Plasma Television