3DJH
'$&
.16
,16758&7,210$18$/
7KHPDQXIDFWXUHUVWULYHVIRUFRQWLQXRXVLPSURYHPHQW
)RUWKLVUHDVRQWKHWH[WDQGLOOXVWUDWLRQVLQWKLVPDQXDO
DUHVXEMHFWWRFKDQJHZLWKRXWQRWLFH
3DUWQXPEHU
(1
.1(5()5,*(5$725
5HFRUGLQWKHVSDFHEHORZWKHOLVWHGLQIRUPDWLRQIRUIXWXUHUHIHUHQFH
6(5,$/180%(5«««««««««««««««««««««««««««««««
'$7(2)385&+$6(«««««««««««««««««««««««««««««
385&+$6(')520««««««««««««««««««««««««««««««
««««««««««««««««««««««««««««««««««««««««
3DJH
5HDGWKLVPDQXDOEHIRUHLQLWLDOLQVWDOODWLRQDQGRSHUDWLRQRIWKH
SURGXFW
'HDU&XVWRPHU
<RXUQHZ'HI\UHIULJHUDWRUZDVPDQXIDFWXUHGLQDVWDWHRIWKHDUWIDFLOLW\DQGKDVSDVVHGWKH
VWULFWHVWTXDOLW\FRQWUROSURFHGXUHV
3OHDVHUHDGWKLVPDQXDOFDUHIXOO\EHIRUHXVLQJ\RXUSURGXFWIRUWKHILUVWWLPHDQGWKHQVWRUHLW
ZLWKLQHDV\UHDFKIRUIXWXUHUHIHUHQFH
:HWUXVW\RXZLOOHQMR\\HDUVRIWURXEOHIUHHXVH
7KHXVHUPDQXDO
x 7KLVPDQXDOZLOOSURYLGH\RXZLWKLQIRUPDWLRQRQKRZWRVDIHO\RSHUDWHDQGFDUHIRU\RXU
SURGXFWLQRUGHUWKDW\RXJDLQWKHPD[LPXPEHQHILWIURPLW
x 3D\SDUWLFXODUDWWHQWLRQWRDQ\VDIHW\LQVWUXFWLRQV
x 3OHDVHUHDGDOODGGLWLRQDOGRFXPHQWVVXSSOLHGZLWK\RXUSURGXFW
x 3OHDVHQRWHWKDWWKLVPDQXDOPD\EHXVHGIRUVHYHUDOVLPLODUEXWGLIIHUHQWPRGHOV3OHDVH
FKHFNIRUUHOHYDQFHUHJDUGLQJ\RXUSDUWLFXODUPRGHO
([SODQDWLRQRIV\PEROVXVHGLQWKLVPDQXDO
,PSRUWDQW VDIHW\ LQIRUPDWLRQ :DUQLQJ IRU KD]DUGRXV VLWXDWLRQV ZLWK UHJDUG WR OLIH DQG
SURSHUW\
&DXWLRQ:DUQLQJIRUVXSSO\YROWDJH
&DXWLRQ:DUQLQJIRUILUHKD]DUG
&DXWLRQ:DUQLQJIRUKRWVXUIDFHV
5HDGWKHLQVWUXFWLRQV
8VHIXOLQIRUPDWLRQ,PSRUWDQWLQIRUPDWLRQRUXVHIXOKLQWVDERXWXVDJH
8QSDFNLQJ
5HPRYHDOOSDFNDJLQJ
(QVXUHWKDWSDFNLQJPDWHULDOLVGLVSRVHGRILQDUHVSRQVLEOHPDQQHUDQGWKDWDQ\SODVWLFEDJV
DUHFXWXSWRSUHYHQWFKLOGUHQSOD\LQJZLWKWKHPDQGDFFLGHQWDOO\VXIIRFDWLQJ
,IWKHUHIULJHUDWRULVGDPDJHGLQDQ\ZD\GRQRWXVHLW5HSRUWWKHGDPDJHWR\RXUGHDOHUZKR
ZLOOWDNHWKHQHFHVVDU\FRUUHFWLYHDFWLRQ
7KLVUHIULJHUDWRULVQRWLQWHQGHGIRUXVHE\SHUVRQVLQFOXGLQJFKLOGUHQZLWKUHGXFHG
SK\VLFDOVHQVRU\RUPHQWDOFDSDELOLWLHVRUODFNRIH[SHULHQFHDQGNQRZOHGJHXQOHVV
WKH\KDYHEHHQJLYHQVXSHUYLVLRQRULQVWUXFWLRQFRQFHUQLQJWKHXVHRIWKH
UHIULJHUDWRUE\DSHUVRQUHVSRQVLEOHIRUWKHLUVDIHW\
&KLOGUHQVKRXOGEHVXSHUYLVHGWRHQVXUHWKDWWKH\GRQRWSOD\ZLWKWKHUHIULJHUDWRU
3DJH
8VLQJ\RXUUHIULJHUDWRU
,QGLFDWRU3DQHO
,QGLFDWRUVEXWWRQIXQFWLRQV
7KHIUHH]HUFRPSDUWPHQW
'HHS)UHH]HSDFNDJLQJLQIRUPDWLRQ
)UHH]HUFRPSDUWPHQWVHWWLQJV
3ODFLQJWKHIRRG
:DWHU'LVSHQVHU
&OHDQLQJWKHZDWHUWDQN
,FHPDWLFDQGLFHVWRUDJHFRQWDLQHU
0DLQWHQDQFHDQGFOHDQLQJ
7URXEOH6KRRWLQJ
5HIULJHUDWRUVSHFLILFDWLRQV
6HUYLFH&HQWUHV
:DUUDQW\
&RQWHQWV
)LJXUHVLQWKLVPDQXDODUHVFKHPDWLFDQGPD\QRWPDWFK\RXUUHIULJHUDWRUH[DFWO\
9DOXHVVWDWHGRQWKHPDFKLQHODEHOVRULQWKHGRFXPHQWDWLRQDFFRPSDQ\LQJLWDUH
REWDLQHGLQODERUDWRU\FRQGLWLRQVLQDFFRUGDQFHZLWKWKHUHOHYDQWVWDQGDUGV
'HSHQGLQJRQRSHUDWLRQDODQGHQYLURQPHQWDOFRQGLWLRQVRIWKHPDFKLQHWKHVH
YDOXHVPD\YDU\
:DUQLQJ'RQRWSODFHDQ\FRSSHUSRWVRUGLVKHVLQVLGHWKHFDELQHW
<RXU5HIULJHUDWRU
,PSRUWDQW6DIHW\,QIRUPDWLRQ
:DUQLQJV
&KLOGVDIHW\
+&$:DUQLQJ
(QHUJ\VDYLQJWLSV
$QWLEDFWHULDOVWULS
5HFRPPHQGDWLRQVIRUIUHVKIRRG
FRPSDUWPHQW
3ODFLQJDQG,QVWDOODWLRQ
7UDQVSRUWDWLRQLQVWUXFWLRQV
%HIRUHXVLQJWKHUHIULJHUDWRU
(OHFWULFDOFRQQHFWLRQ
$GMXVWLQJWKHIHHW
5HYHUVLQJWKHGRRUV
3DJH
<RXU5HIULJHUDWRU
7KHPDQXIDFWXUHUVWULYHVIRUFRQWLQXRXVLPSURYHPHQW)RUWKLVUHDVRQWHFKQLFDO
VSHFLILFDWLRQVWH[WDQGLOOXVWUDWLRQVLQWKLVPDQXDODUHVXEMHFWWRFKDQJHZLWKRXWQRWLFH
)LJXUHVUHSUHVHQWHGLQWKLVLQVWUXFWLRQPDQXDODUHVFKHPDWLFDQGPD\QRWFRUUHVSRQG
H[DFWO\ZLWK\RXUUHIULJHUDWRU,IWKHSDUWVDUHQRWLQFOXGHGLQWKHUHIULJHUDWRU\RXKDYH
SXUFKDVHGWKH\PD\EHPRGHOVSHFLILFDQGWKHUHIRUHRQO\YDOLGIRUVRPHPRGHOV
)DQ
$GMXVWDEOHVKHOYHV
%RWWOHUDFN
'HIURVWZDWHUFROOHFWLRQFKDQQHO
'UDLQWXEH
&ULVSHUFRYHU
6DODGFULVSHUZLWKVHSDUDWRU
D %OXHOLJKW
D )UHH]HUGUDZHUZLWKLFHWUD\
E )UHH]HUGUDZHUZLWK,FHPDWLF
DQGLFHVWRUDJHFRQWDLQHU
)UHH]HUGUDZHU
$GMXVWDEOHIURQWIHHW
'DLU\VKHOI
6LGHLOOXPLQDWLRQ
)ULGJHFRPSDUWPHQW
)UHH]HUFRPSDUWPHQW
'RRUVKHOI
(JJWUD\
:DWHUGLVSHQVHUILOOLQJFRQWDLQHU
:DWHUGLVSHQVHUXSSHUVKHOI
:DWHUGLVSHQVHUWDQN
%RWWOHVKHOI
'HSHQGVRQ0RGHO
E
3DJH
x
8QSOXJ WKH UHIULJHUDWRU ZKHQ FOHDQLQJ
GXULQJURXWLQH PDLQWHQDQFH RU LI LW ZLOO QRW
EHXVHGIRUDQH[WHQGHGSHULRG
x 7RXQSOXJWKHUHIULJHUDWRUUHPRYHWKHSOXJ
E\SXOOLQJRQWKHSOXJDQGQRWWKHFDEOH
x ([SRVLQJWKHUHIULJHUDWRUWRUDLQVQRZVXQ
DQGZLQGLVDQHOHFWULFDOVDIHW\ULVN
x 6KRXOG WKH PDLQV OHDG RI WKH UHIULJHUDWRU
EHFRPH GDPDJHG RU VKRXOG LW QHHG
UHSODFLQJDWDQ\WLPHLWPXVWEHUHSODFHG
E\ D VSHFLDO SXUSRVH PDGH PDLQV OHDG
ZKLFK FDQ RQO\ EH REWDLQHG IURP D '()<
$XWKRULVHG6HUYLFH$JHQW
x 1HYHU FRQQHFW \RXU UHIULJHUDWRU WR
HOHFWULFLW\ VDYLQJ V\VWHPV DV WKH\ PD\
GDPDJHWKHUHIULJHUDWRU
x 'R QRW VWRUH PHGLFLQH RU DFDGHPLF
UHVHDUFK VDPSOHV ZKLFK UHTXLUH VWULFW
WHPSHUDWXUHFRQWUROLQWKHUHIULJHUDWRU
x 'R QRW VWRUH RU XVH IODPPDEOH JDV
EHQ]HQHSHWURORUYRODWLOHVXEVWDQFHVLQRU
QHDUWKHUHIULJHUDWRU
x 'RQRWVWRUHH[SORVLYHVXEVWDQFHVVXFKDV
DHURVRO FDQV ZLWK D IODPPDEOH SURSHOODQW
LQWKHUHIULJHUDWRU
x ,Q WKH HYHQW RI D PDOIXQFWLRQ GLVFRQQHFW
WKHUHIULJHUDWRUIURPWKHSRZHUVXSSO\
x 'R QRW RYHUORDG \RXU UHIULJHUDWRU ZLWK
H[FHVVLYHDPRXQWVRIIRRG,IRYHUORDGHG
WKH IRRG LWHPV PD\ IDOO GRZQ DQG LQMXUH
\RXDQGGDPDJHWKHUHIULJHUDWRUZKHQ\RX
RSHQWKHGRRU1HYHUSODFHREMHFWVRQWRS
RIWKHUHIULJHUDWRUWKH\PD\IDOOGRZQDQG
LQMXUH \RX ZKHQ \RX RSHQ RU FORVH WKH
UHIULJHUDWRUGRRU
x ,I WKHUH LV D EOXH OLJKW ILWWHG RQ WKH
UHIULJHUDWRU GR QRW ORRN DW WKH EOXH OLJKW
WKURXJKRSWLFV
,PSRUWDQWVDIHW\LQIRUPDWLRQ
3OHDVH UHYLHZ DQG REVHUYH WKH IROORZLQJ
LQIRUPDWLRQ )DLOXUH WR GR VR PD\ UHVXOW LQ
LQMXULHV RU PDWHULDO GDPDJH DQG ZLOO UHQGHU
DQ\ ZDUUDQW\ DQG UHOLDELOLW\ FRPPLWPHQWV
YRLG 6SDUHSDUWVIRU WKHUHIULJHUDWRUZLOOEH
VWRFNHG IRU \HDUV WR PHHW DQ\
PDLQWHQDQFHRUVHUYLFHUHTXLUHPHQWV
:DUQLQJV
x
+DQGWKLVRZQHUVPDQXDORYHUWRWKHQHZ
RZQHUVKRXOGRZQHUVKLSFKDQJH
x 7KH UHIULJHUDWRU PXVW RQO\ EH XVHG IRU LWV
LQWHQGHGSXUSRVHLHWKHVWRULQJRIHGLEOH
IRRGVWXII
x 7KH UHIULJHUDWRU LV LQWHQGHG WR EH XVHG LQ
KRXVHKROGDQGVLPLODUDSSOLFDWLRQVVXFKDV
VWDII NLWFKHQ DUHDV LQ VKRSV RIILFHV DQG
RWKHU ZRUNLQJ HQYLURQPHQWV IDUP KRXVHV
DQG E\ FOLHQWV LQKRWHOV PRWHOV DQG RWKHU
UHVLGHQWLDO W\SH HQYLURQPHQWV EHG DQG
EUHDNIDVWW\SH HQYLURQPHQWVFDWHULQJ DQG
VLPLODUQRQUHWDLODSSOLFDWLRQV
x &RQVXOWZLWK\RXUDXWKRULVHG'()<VHUYLFH
FHQWUH IRU DOO TXHVWLRQV DQG SUREOHPV
UHODWLQJWRWKHUHIULJHUDWRU2QO\DXWKRULVHG
DJHQWVDUHWRFDUU\RXWUHSDLUV
x 9DSRXU DQG YDSRUL]HG FOHDQLQJ PDWHULDOV
PXVW QHYHU EH XVHG LQ WKH FOHDQLQJ DQG
GHIURVWLQJWKHUHIULJHUDWRU7KHYDSRXUPD\
FRPH LQWR FRQWDFW ZLWK WKH HOHFWULFDO SDUWV
DQGFDXVHDVKRUWFLUFXLWRUHOHFWULFVKRFN
x 'R QRW DOORZ FKLOGUHQ WR KDQJ RQ WKH
UHIULJHUDWRU GRRU DV WKH XQLW FRXOG WRSSOH
IRUZDUG ULVNLQJ SHUVRQDO LQMXU\ 1HYHU XVH
WKHSDUWVRQ\RXU UHIULJHUDWRUVXFK DVWKH
GRRUDVDPHDQVRIVXSSRUWRUVWHS
x 'RQRWXVHHOHFWULFDODSSOLDQFHVLQVLGHWKH
UHIULJHUDWRURUIUHH]HU
x .HHS YHQWLODWLRQ RSHQLQJV LQ WKH
UHIULJHUDWRURULQWKHEXLOWLQVWUXFWXUHFOHDU
RIREVWUXFWLRQV
'R QRW RSHUDWH D GDPDJHG
UHIULJHUDWRU &RQVXOW ZLWK \RXU
QHDUHVW '()< VHUYLFH FHQWUH
VKRXOG\RXKDYHDQ\FRQFHUQV
7KH HOHFWULFDO VDIHW\ RI WKH
UHIULJHUDWRU LV RQO\ JXDUDQWHHG LI
WKHHDUWKV\VWHPRI\RXUKRPHLV
FRPSOLDQWWRQDWLRQDOVWDQGDUGV
1HYHU SOXJ WKH UHIULJHUDWRU LQWR
WKH ZDOO VRFNHW GXULQJ
LQVWDOODWLRQ 'HDWK RU VHULRXV
LQMXU\PD\UHVXOW
'R QRW GULOO FXW RU PRGLI\ WKH
UHIULJHUDWRU ,QMXULHV PD\ UHVXOW LI
WKHUHIULJHUDQWFLUFXLWLVGDPDJHG
6HH +&$ ZDUQLQJ 'R QRW
GDPDJHWKHUHIULJHUDQWFLUFXLW
5HSDLUV PXVW EH FDUULHG RXW E\
DXWKRULVHGSHUVRQVRQO\5HSDLUV
FDUULHG RXW E\ LQFRPSHWHQW
SHUVRQVFUHDWHDXVHUULVN
3DJH
x (QVXUH WKDW WKHUH LV VXIILFLHQW VSDFLQJ
EHWZHHQ WKH UHIULJHUDWRU DQG VXUURXQGLQJ
ZDOOV
x 8QSOXJ WKH UHIULJHUDWRU IURP WKH PDLQV
ZKHQ\RXFOHDQWKHUHIULJHUDWRU
&KLOGVDIHW\
x ,I WKH GRRU KDV D ORFN WKH NH\ VKRXOG EH
NHSWRXWRIUHDFKIURPFKLOGUHQ
x ,I \RX DUH GLVFDUGLQJ DQ ROG UHIULJHUDWRU
ZLWK D ORFN RU ODWFK ILWWHG WR WKH GRRU
GLVDEOHWKHORFNODWFKDQGHQVXUHWKDWWKH
UHIULJHUDWRU LV OHIW LQ D VDIH FRQGLWLRQ WR
SUHYHQWFKLOGUHQIURPEHLQJWUDSSHGLQVLGH
DQGVXIIRFDWLQJ
x &KLOGUHQ PXVW EH VXSHUYLVHG WR SUHYHQW
WKHPIURPWDPSHULQJZLWKWKHUHIULJHUDWRU
+&$:DUQLQJ
5HIULJHUDWRU FRROLQJ V\VWHPV FRQWDLQLQJ
5D
$W '()< WKH FDUH DQG SURWHFWLRQ RI RXU
HQYLURQPHQW LV DQ RQ JRLQJ FRPPLWPHQW
7KLV '()< UHIULJHUDWRU LV SDUWLFXODUO\
HQYLURQPHQWDOO\ IULHQGO\ DQG FRQWDLQV QRQ
&)&+)&QDWXUDOVXEVWDQFHVLQWKHFRROLQJ
V\VWHP&DOOHG5DDQGLQ WKHLQVXODWLRQ
&DOOHGF\FORSHQWDQH7KHVH DUH SRWHQWLDOO\
IODPPDEOH LI H[SRVHG WR ILUH 7DNH FDUH QRW
WR GDPDJH WKH FRROLQJ FLUFXLW SLSHV RI WKH
UHIULJHUDWRULQWUDQVSRUWDWLRQDQGLQXVH
,Q FDVH RI GDPDJH GR QRW H[SRVH WKH
UHIULJHUDWRU WR ILUH RU SRWHQWLDO LJQLWLRQ
VRXUFHV DQG LPPHGLDWHO\ YHQWLODWH WKH
URRPZKHUHWKHUHIULJHUDWRULVVLWXDWHG
,JQRUH WKLV ZDUQLQJ LI \RXU UHIULJHUDWRUV
FRROLQJV\VWHPFRQWDLQV5D
x 7KH UHIULJHUDWRU PD\ PRYH LI WKH
DGMXVWDEOH OHJV DUH QRW SURSHUO\ OHYHOOHG
RQ WKH IORRU /HYHOOLQJ WKH DGMXVWDEOH OHJV
RQ WKH IORRU KHOSV SUHYHQW WKH UHIULJHUDWRU
IURPPRYLQJ
x :KHQFDUU\LQJWKHUHIULJHUDWRUGRQRWKROG
RQWKHGRRUKDQGOHDVWKLVPD\FDXVHWKH
KDQGOHWREUHDN
x :KHQ SODFLQJ \RXU UHIULJHUDWRU QH[W WR
DQRWKHU UHIULJHUDWRU RU IUHH]HU WKH
GLVWDQFHEHWZHHQWKHGHYLFHVVKRXOGEHDW
OHDVW PP )DLOXUHWR GR VR PD\ FDXVH
DGMDFHQWZDOOVWRKXPLGLI\
x )RU UHIULJHUDWRUV ZLWK D IUHH]HU
FRPSDUWPHQW 'R QRW SXW ERWWOHG DQG
FDQQHG OLTXLG EHYHUDJHV LQ WKH IUHH]HU
FRPSDUWPHQWDVWKH\PD\EXUVW
x 'RQRWWRXFKIUR]HQIRRGZLWK\RXUKDQGV
WKH\PD\VWLFNWR\RXUKDQG
x 1HYHU SRXU RU VSUD\ ZDWHU LQWR RU RQ WKH
UHIULJHUDWRU DQG GR QRW VWRUH OLTXLGV SRW
SODQWV RU RSHQ FRQWDLQHUV RQ WRS RI WKH
UHIULJHUDWRU DV WKHVH PLJKW VSLOO FDXVLQJ
HOHFWULFDOVKRUWLQJ
x )RU PDQXDOO\ FRQWUROOHG UHIULJHUDWRUV ZDLW
DW OHDVW PLQXWHV EHIRUH VWDUWLQJ WKH
UHIULJHUDWRUDIWHUDSRZHUIDLOXUH
x $YRLG DQ\ GDPDJH WR WKH SRZHU FDEOH
ZKHQWUDQVSRUWLQJWKHUHIULJHUDWRU
x %HQGLQJWKHFDEOHPD\FDXVHDILUH
x 1HYHU SODFH KHDY\ REMHFWV RQ WKH SRZHU
FDEOH
x 'RQRWWRXFKWKHSOXJZLWKZHWKDQGV
x 'R QRW SOXJ LQ WKH UHIULJHUDWRU LI WKH ZDOO
VRFNHWLVORRVH
x 2Q GHOLYHU\ FKHFN WR PDNH VXUH WKDW WKH
UHIULJHUDWRULVQRWGDPDJHGDQGWKDWDOOWKH
SDUWV DQG DFFHVVRULHV DUH LQ SHUIHFW
FRQGLWLRQ
x (QVXUH WKDW WKH SOXJ UHPDLQV UHDGLO\
DFFHVVLEOH 'R QRW XVH PXOWLSOH DGDSWHU
SOXJVRUDQH[WHQVLRQFDEOH
:DUQLQJ 1HYHU GLVSRVH RI WKH
5HIULJHUDWRULQDILUH
'RQRWGLVSRVHRI\RXU5HIULJHUDWRU
DORQJ ZLWK UHJXODU KRXVHKROG
ZDVWH
&RQWDFW \RXU ORFDO DXWKRULW\ IRU
GLVSRVDO LQIRUPDWLRQ DQG IDFLOLWLHV
DYDLODEOH
;
3DJH
(QHUJ\VDYLQJWLSV
5HFRPPHQGDWLRQVIRUIUHVKIRRG
FRPSDUWPHQW
3OHDVH GR QRW OHW DQ\ IRRGV FRPH LQWR
FRQWDFWZLWKWKHWHPSHUDWXUHVHQVRULQWKH
IUHVK IRRG FRPSDUWPHQW ,Q RUGHU WR
PDLQWDLQ WKH IUHVK IRRG FRPSDUWPHQW DW
WKH LGHDO VWRUDJH WHPSHUDWXUH WKH VHQVRU
PXVWQRWEHLQWHUIHUHGZLWKE\DQ\IRRGV
'RQRWSODFHKRWIRRGVLQ\RXUUHIULJHUDWRU
x (QVXUH \RXU UHIULJHUDWRU LV LQVWDOOHG LQ D
ZHOO YHQWLODWHG DUHD ,I WKH DPELHQW
WHPSHUDWXUH LV ORZ EXW LQ QR FDVH ORZHU
WKDQ & WKHQ WKH HQHUJ\ VDYLQJ ZLOO EH
PRUH'RQRWLQVWDOO\RXUUHIULJHUDWRUXQGHU
GLUHFW VXQOLJKW RU QHDU KHDW HPLWWLQJ
DSSOLDQFHVVXFKDVRYHQVGLVKZDVKHUVRU
UDGLDWRUV
x (QVXUH WKH WLPH EHWZHHQ EX\LQJ FKLOOHG
IUR]HQ IRRG DQG SODFLQJ LW LQ WKH
UHIULJHUDWRU LV NHSW DW D PLQLPXP
SDUWLFXODUO\ LQ VXPPHU 8VH D FRROHU EDJ
RU D VSHFLDO FDUULHU EDJ WR FDUU\ IUR]HQ
IRRG 'R QRW SXW KRW IRRG RU GULQNV LQ WKH
UHIULJHUDWRU
x 'R QRW OHDYH WKH GRRUV RI \RXU
UHIULJHUDWRU RSHQ IRU ORQJ SHULRGV RI WLPH
DQG HQVXUH WKH\ DUH FORVHG SURSHUO\ DIWHU
HDFKRSHQLQJ
x 'HIURVW IUR]HQ IRRG LQ WKH IULGJH
FRPSDUWPHQW VR WKDW IUR]HQ IRRG DFWV DV
DQLFHSDFNWR DVVLVWFRROLQJLQWKHIULGJH
7KLV ZLOO SURYLGH HQHUJ\ VDYLQJ DQG
SUHVHUYHWKHIRRGTXDOLW\
x 'R QRW SXW KRW IRRG RU GULQNV LQ \RXU
UHIULJHUDWRU
x 'R QRW RYHUORDG \RXU UHIULJHUDWRU 7KLV
UHVWULFWV HIIHFWLYH DLU FLUFXODWLRQ LQ WKH
UHIULJHUDWRU
x .HHSIRRGLQFORVHGFRQWDLQHUV
7KH DQWL EDFWHULDO VWULS SUHYHQWV XQSOHDVDQW
RGRXUEXLOGXSLQWKHUHIULJHUDWRU
7RFOHDQWKHVWULSRSHQWKHVWULSFRYHUZLWKD
WKLQ VFUHZGULYHU DQG WKHQ SXOO WKH FRYHU
GRZQZDUGV DQG UHPRYH WKH FRYHU 5HPRYH
WKH VWULS DV SHU WKH GLDJUDP 7R FOHDQ WKH
VWULSOHDYHLWLQWKHVXQIRURQHGD\5HILWWKH
VWULS&OHDQWKHVWULSRQFHD\HDU
$QWLEDFWHULDOVWULS&DUERQVWULS
3DJH
7UDQVSRUWDWLRQLQVWUXFWLRQV
7KHUHIULJHUDWRUPXVWEHWUDQVSRUWHGRQO\LQ
DQ XSULJKW SRVLWLRQ 7KH SDFNLQJ PXVW EH
LQWDFWGXULQJWUDQVSRUWDWLRQ
:KHQ SRVLWLRQLQJ \RXU UHIULJHUDWRU WDNH
FDUH QRW WR GDPDJH IORRULQJ SLSHV ZDOO
FRYHULQJVHWF'RQRWPRYHWKHUHIULJHUDWRU
E\SXOOLQJWKHGRRURUKDQGOH
:KHQUHWUDQVSRUWLQJ\RXUUHIULJHUDWRU
x <RXU UHIULJHUDWRU PXVW EH HPSWLHG DQG
FOHDQHGSULRUWRDQ\WUDQVSRUWDWLRQ
x 7KHVKHOYHVDFFHVVRULHVFULVSHUHWF
,Q \RXU UHIULJHUDWRU PXVW EH IDVWHQHG
VHFXUHO\ ZLWK DGKHVLYH WDSH WR SURWHFW
DJDLQVWDQ\MROWV
x 3DFNDJLQJ PXVW EH WLHG ZLWK WKLFN WDSH
DQG VWURQJ URSH DQG WKH WUDQVSRUWDWLRQ
JXLGHOLQHV SULQWHG RQ WKH SDFNDJH PXVW
EHIROORZHG
<RXUUHIULJHUDWRUVKRXOGEH
LQVWDOOHGDWOHDVWFPDZD\IURP
KHDWVRXUFHVVXFKDVKREV
RYHQVFHQWUDOKHDWHUVDQGVWRYHV
DQGDWOHDVWFPDZD\IURP
HOHFWULFDORYHQVDQGVKRXOGQRW
EHORFDWHGXQGHUGLUHFWVXQOLJKW
,IWZRUHIULJHUDWRUVDUHWREH
LQVWDOOHGVLGHE\VLGHWKHUH
VKRXOGEHDWOHDVWFPGLVWDQFH
EHWZHHQWKHP
3ODFLQJDQG,QVWDOODWLRQ
,QVWDOO \RXU UHIULJHUDWRU LQ D SODFH WKDW
DOORZVIRUHDVHRIXVH
.HHS \RXU UHIULJHUDWRU DZD\ IURP KHDW
VRXUFHV
VXFK DV VWRYHV JH\VHUV KXPLG
SODFHVDQGGLUHFWVXQOLJKW
7KHUH PXVW EH DSSURSULDWH DLU YHQWLODWLRQ
DURXQG\RXUUHIULJHUDWRULQRUGHUWRDFKLHYH
HIILFLHQW RSHUDWLRQ 7KH UHIULJHUDWRU LV WR
KDYH DW OHDVW D PP VSDFH IURP WKH
FHLOLQJ DQG DW OHDVW D PP VSDFH IURP
WKH ZDOO )LW WKH 7ZR SODVWLF ZDOO VSDFHUV
VXSSOLHG ZLWK WKH DSSOLDQFH URWDWLQJ
WXUQ WR WKH FRQGHQVHU DW WKH EDFN RI WKH
DSSOLDQFH6HH'LDJUDP
3ODFH \RXU UHIULJHUDWRU RQ DQ HYHQ IORRU
VXUIDFHWRSUHYHQWMROWV
'R QRW NHHS \RXU UHIULJHUDWRU LQ DPELHQW
WHPSHUDWXUHVXQGHU&
3OHDVH PDNH VXUH WKDW WKH LQWHULRU RI \RXU
UHIULJHUDWRULVFOHDQHGWKRURXJKO\
%HIRUHXVLQJWKHUHIULJHUDWRUFKHFNWKDW
7KH IHHW KDYH EHHQ DGMXVWHG IRU SHUIHFW
OHYHOOLQJ
7KHLQWHULRURIWKHUHIULJHUDWRULVFOHDQDQG
GU\
&KHFNWKHUHTXLUHGGLVWDQFHEHWZHHQ\RXU
UHIULJHUDWRU DQG WKH ZDOO LQ RUGHU WR DOORZ
IRUIUHHDLUFLUFXODWLRQ
7KH SOXJ KDV EHHQ LQVHUWHG LQWR WKH ZDOO
VRFNHW DQG WKH HOHFWULFLW\ LV VZLWFKHG RQ
:KHQ WKH GRRU LV RSHQ WKH LQWHULRU OLJKW
ZLOOFRPHRQ
<RXPD\KHDUDQRLVHDVWKHFRPSUHVVRU
VWDUWV XS 7KH OLTXLG DQG JDVHV VHDOHG
ZLWKLQ WKH UHIULJHUDWLRQ V\VWHP PD\ DOVR
JLYHULVHWRQRLVHHYHQLIWKHFRPSUHVVRU
LVQRWUXQQLQJWKLVLVTXLWHQRUPDO
'R QRW ORDG WKH UHIULJHUDWRU LPPHGLDWHO\
DIWHU LW LV VZLWFKHG RQ :DLW XQWLO WKH
FRUUHFW VWRUDJH WHPSHUDWXUH KDV EHHQ
UHDFKHG
(OHFWULFDOFRQQHFWLRQ
&RQQHFW \RXU UHIULJHUDWRU WR D JURXQGHG
VRFNHWZKLFKLVSURWHFWHGE\DIXVHZLWKWKH
DSSURSULDWHFDSDFLW\
,PSRUWDQW
7KH FRQQHFWLRQ PXVW EH LQ FRPSOLDQFH ZLWK
QDWLRQDOUHJXODWLRQV
7KH SRZHU FDEOH SOXJ PXVW EH HDVLO\
DFFHVVLEOHDIWHULQVWDOODWLRQ
7KHVSHFLILHGYROWDJHPXVWEHHTXDOWR\RXU
PDLQVYROWDJH
,I WKH IORRU LV FRYHUHG ZLWK D FDUSHW \RXU
UHIULJHUDWRUPXVWEH HOHYDWHG PP IURP
WKHIORRU
3DJH
$GMXVWLQJWKHIHHW
7KH UHIULJHUDWRU PD\ PRYH LI WKH DGMXVWDEOH
OHJVDUHQRWSURSHUO\OHYHOOHGRQWKHIORRU
/HYHOOLQJWKHDGMXVWDEOHOHJVRQWKHIORRU
/HYHO \RXU UHIULJHUDWRU E\ WXUQLQJ WKH IURQW
OHJVDVVKRZQLQWKHLOOXVWUDWLRQEHORZ
7KH FRUQHU ZKHUH WKH OHJV DUH LV ORZHUHG
ZKHQWKHOHJLVWXUQHGLQWKHGLUHFWLRQRIWKH
EODFN DUURZ DQG UDLVHG ZKHQ WXUQHG LQ WKH
RSSRVLWHGLUHFWLRQ
+DYLQJ VRPHRQH WR FDUHIXOO\ DVVLVW LQ WLOWLQJ
WKHUHIULJHUDWRUVOLJKWO\ZLOOKHOSIDFLOLWDWHWKLV
SURFHVV
$GDPDJHGSRZHUFDEOHPXVWEH
UHSODFHGE\DTXDOLILHG
HOHFWULFLDQ
$GDPDJHGUHIULJHUDWRUPXVWQRW
EHRSHUDWHGEHIRUHLWLVUHSDLUHG
7KHUHLVGDQJHURIDQHOHFWULF
VKRFN
([WHQVLRQFDEOHVDQGPXOWLZD\
SOXJVPXVWQRWEHXVHGIRU
FRQQHFWLRQ
7KHIURQWHGJHVRIWKH
UHIULJHUDWRUPD\IHHOZDUP7KLV
LVQRUPDO7KHVHDUHDVDUH
GHVLJQHGWREHZDUPLQRUGHUWR
DYRLGFRQGHQVDWLRQ
,PSRUWDQW
&DUHPXVWEHWDNHQZKLOH
FOHDQLQJFDUU\LQJWKHUHIULJHUDWRU
QRWWRWRXFKWKHERWWRPRIWKH
FRQGHQVHUPHWDOZLUHVDWWKH
EDFNRIWKHUHIULJHUDWRUDVWKLV
FRXOGFDXVHLQMXU\
'()<GHFOLQHVWRDFFHSWDQ\
OLDELOLW\VKRXOGWKHLQVWUXFWLRQV
QRWEHIROORZHG
:KHQ RSHUDWLQJ \RXU UHIULJHUDWRU IRU WKH
ILUVW WLPH SOHDVH REVHUYH WKH IROORZLQJ
LQVWUXFWLRQVGXULQJWKHLQLWLDOVL[KRXUV
x 7KH GRRU VKRXOG QRW EH RSHQHG
IUHTXHQWO\
x 7KH UHIULJHUDWRU PXVW EH RSHUDWHG HPSW\
ZLWKRXWDQ\IRRGLQLW
x 'RQRWXQSOXJ\RXUUHIULJHUDWRU
x 2ULJLQDO SDFNDJLQJ DQG IRDP PDWHULDOV
VKRXOG EH NHSW IRU DQ\ IXWXUH
WUDQVSRUWDWLRQRUPRYLQJ
3OHDVH UHPHPEHU WKDW WKH PDQXIDFWXUHU
VKDOO QRWEHKHOGOLDEOHLIWKHLQIRUPDWLRQ
JLYHQ LQ WKH LQVWUXFWLRQ PDQXDO LV QRW
IROORZHG
3DJH
5HYHUVLQJ7KH'RRUV
:H UHFRPPHQG WKDW \RX UHYHUVH GRRUV LI
UHTXLUHG EHIRUH VZLWFKLQJ RQ IRU WKH ILUVW
WLPH
7RROVUHTXLUHG
6PDOO DQG PHGLXP VL]H VFUHZGULYHUV DQG D
SDLURISOLHUV
6SDUH3DUWVVXSSOLHGLQWKHSODVWLFEDJ
7KHIROORZLQJSDUWVZKLFKDUHH[FOXVLYHO\IRU
OHIW KDQG VLGH ILWWHG KLQJH RSHUDWLRQ DUH
VXSSOLHGLQDSODVWLFEDJZLWKWKHDSSOLDQFH
8SSHUGRRUWRSWULPKLQJHFRYHUV±WKHUHDUH
GLIIHUHQWSDUWVRQHIRUHDFKVLGHRIWKHWRS
WULP
8SSHU GRRU PLGGOH KLQJH EXVKLQJ GRRU
VWRSSHUDVVHPEO\
.HHSDOOWKHSDUWVVXSSOLHGLQWKHSODVWLFEDJ
DQGSDUWVZKLFK KDYH EHHQ UHPRYHG ZKHQ
UHYHUVLQJGRRUVLQDVDIHSODFHIRUSRVVLEOH
IXWXUHUHXVH
,PSRUWDQW+DYHVRPHERG\WR
DVVLVW\RXZKHQPRYLQJWKH
UHIULJHUDWRUDQGWRKROGWKHGRRUV
ZKHQUHPRYLQJUHILWWLQJKLQJHV
DQGGRRUVWRDYRLGLQMXU\DQG
GDPDJHWRWKHSURGXFW
3OHDVHUHIHUWRGLDJUDPVVXSSOLHG
8VLQJWKHVFUHZVDQGSODVWLF
SOXJVVXSSOLHGLQWKHLQVWDOODWLRQ
NLWLQVLGHWKHIULGJHILWKDQGOHVWR
WKHGHVLUHGVLGHVHHGLDJUDPIRU
ORFDWLRQV
127('HSHQGVRQPRGHO
6RPHPRGHOVKDYHLQWHJUDWHG
KDQGOHVWKDWDUHXQLYHUVDOWROHIW
DQGULJKWKDQGVLGHVDQGGRQRW
QHHGWREHVZDSSHG
)LJXUHVUHSUHVHQWHGLQWKLV
LQVWUXFWLRQPDQXDODUHVFKHPDWLF
DQGPD\QRWFRUUHVSRQGH[DFWO\
ZLWK\RXUUHIULJHUDWRU
,IWKHSDUWVDUHQRWLQFOXGHGLQWKH
UHIULJHUDWRU\RXKDYHSXUFKDVHG
WKH\PD\EHPRGHOVSHFLILFDQG
WKHUHIRUHRQO\YDOLGIRUVRPH
PRGHOV
3DJH
5HYHUVLQJWKHGRRUV
3URFHHGLQQXPHULFDORUGHU
3DJH
8VLQJ\RXUUHIULJHUDWRU
,QGLFDWRU3DQHO
)DVW)UHH]H)XQFWLRQ
7KH)DVW)UHH]HLQGLFDWRUWXUQVRQZKHQWKH
4XLFN)UHH]HIXQFWLRQLVRQ
7RFDQFHOWKLVIXQFWLRQSUHVVWKH)DVW)UHH]H
EXWWRQ DJDLQ 7KH )DVW )UHH]H LQGLFDWRU ZLOO
WXUQRIIDQGUHWXUQWRLWVQRUPDOVHWWLQJV
,I\RXGRQRWFDQFHOWKH)DVW)UHH]HIXQFWLRQ
LWZLOODXWRPDWLFDOO\FDQFHOLWVHOIDIWHUKRXUV
RU ZKHQ WKH IUHH]HU FRPSDUWPHQW UHDFKHV
WKHUHTXLUHGWHPSHUDWXUH
,I\RXUHTXLUHODUJHDPRXQWVRIIUHVKIRRGWR
EH IUR]HQ SUHVV WKH )DVW )UHH]H EXWWRQ
EHIRUH SODFLQJ WKH IRRG LQWR WKH IUHH]HU
FRPSDUWPHQW
,I \RX SUHVV WKH )DVW )UHH]H EXWWRQ
UHSHDWHGO\ DQG DW VKRUW LQWHUYDOV WKH
HOHFWURQLF FLUFXLW SURWHFWLRQ ZLOO EH DFWLYDWHG
DQG WKH FRPSUHVVRU ZLOO QRW VWDUW XS
LPPHGLDWHO\
3OHDVH 1RWH 7KLV IXQFWLRQ LV QRW UHFDOOHG
ZKHQSRZHUUHVWRUHVDIWHUDSRZHUIDLOXUH
4XLFN)UHH]H,QGLFDWRU
7KLVLFRQIODVKHVLQDQDQLPDWHGVW\OHZKHQ
WKH4XLFN)UHH]HIXQFWLRQLVDFWLYH
)UHH]HU6HW)XQFWLRQ
7KLV IXQFWLRQ DOORZV \RX WR VHW WKH IUHH]HU
FRPSDUWPHQWWHPSHUDWXUH3UHVVWKLV EXWWRQ
WR VHW WKH WHPSHUDWXUH RI WKH IUHH]HU
FRPSDUWPHQW WR
& & & DQG
&UHVSHFWLYHO\
,QGLFDWRUV
EXWWRQIXQFWLRQV
3DJH
,I\RXGRQRWFDQFHO4XLFN)ULGJHWKHQLWZLOO
DXWRPDWLFDOO\ FDQFHO LWVHOI DIWHU KRXUV RU
ZKHQ WKH IULGJH FRPSDUWPHQW UHDFKHV WKH
UHTXLUHGWHPSHUDWXUH
3OHDVH1RWH7KLV IXQFWLRQ LV QRW UHFDOOHG
ZKHQSRZHUUHVWRUHVDIWHUDSRZHUIDLOXUH
4XLFN)ULGJH,QGLFDWRU
7KLV LFRQ IODVKHV LQ DQ DQLPDWHG PDQQHU
ZKHQWKH4XLFN)ULGJHIXQFWLRQLVDFWLYH
(FR)X]]\6SHFLDO(FRQRPLF8VDJH
)XQFWLRQ
3UHVV WKH 4XLFN )UHH]H EXWWRQ IRU
VHFRQGVWRDFWLYDWHWKH(FR)X]]\)XQFWLRQ
7KH 5HIULJHUDWRU ZLOO VWDUW RSHUDWLQJ LQ WKH
PRVWHFRQRPLFPRGH DW OHDVWKRXUV ODWHU
DQG WKH HFRQRPLF XVDJH LQGLFDWRU ZLOO WXUQ
RQZKHQWKHIXQFWLRQLVDFWLYH
3UHVV WKH 4XLFN )UHH]H EXWWRQ IRU
VHFRQGV WR GHDFWLYDWH WKH (FR )X]]\
)XQFWLRQ
+LJK 7HPSHUDWXUH (UURU :DUQLQJ
,QGLFDWRU
7KLVOLJKWFRPHVRQGXULQJKLJKWHPSHUDWXUH
IDLOXUHVDQGHUURUZDUQLQJV
(FRQRPLF8VDJH,QGLFDWRU
,QGLFDWHV WKDW WKH UHIULJHUDWRU LV UXQQLQJ LQ
HQHUJ\HIILFLHQWPRGH7KLVLQGLFDWRUZLOOEH
DFWLYH LI WKH )UHH]HU &RPSDUWPHQW
WHPSHUDWXUH LV VHW WR
& 7KH (FRQRPLF
8VDJH ,QGLFDWRU WXUQV RII ZKHQ WKH 4XLFN
)ULGJHRU4XLFN)UHH]HIXQFWLRQLVVHOHFWHG
,RQL]HU ,QGLFDWRU /LJKW
'HSHQGV RQ
0RGHO
,QGLFDWRU OLJKW OLJKWV XS FRQWLQXRXVO\ 7KLV
OLJKW LQGLFDWHV WKDW \RXU UHIULJHUDWRU LV
SURWHFWHGDJDLQVWEDFWHULD
)UHH]HU &RPSDUWPHQW 7HPSHUDWXUH
6HWWLQJ,QGLFDWRU
,QGLFDWHVWKHWHPSHUDWXUHVHWIRUWKH)UHH]HU
&RPSDUWPHQW
)UHH]HU &RPSDUWPHQW 7HPSHUDWXUH
,QGLFDWRU
& & & & LQGLFDWRUV OLJKW
XSFRQWLQXRXVO\
)ULGJH6HW)XQFWLRQ
7KLV IXQFWLRQ DOORZV \RX WR VHW WKH IULGJH
FRPSDUWPHQWWHPSHUDWXUH
3UHVV WKLV EXWWRQ WR VHW WKH WHPSHUDWXUH RI
WKHIULGJHFRPSDUWPHQWWR&&&
&UHVSHFWLYHO\
)ULGJH &RPSDUWPHQW 7HPSHUDWXUH
6HWWLQJ,QGLFDWRU
,QGLFDWHV WKH WHPSHUDWXUH VHW IRU WKH )ULGJH
&RPSDUWPHQW
)ULGJH &RPSDUWPHQW 7HPSHUDWXUH
,QGLFDWRU
& & & DQG & LQGLFDWRUV OLJKW XS
FRQWLQXRXVO\
4XLFN)ULGJH)XQFWLRQ
:KHQ WKH 4XLFN )ULGJH EXWWRQ LV SUHVVHG
WKH WHPSHUDWXUH RI WKH FRPSDUWPHQW ZLOO
EHFRPHFROGHUWKDQWKHVHWYDOXHV
7KLV IXQFWLRQ FDQ EH XVHG WR UDSLGO\ FRRO
IRRGSODFHGLQWKHIULGJHFRPSDUWPHQW,I\RX
ZDQWWRFRROODUJHDPRXQWVRIIUHVKIRRGLWLV
UHFRPPHQGHG WKDW \RX DFWLYDWH WKLV IHDWXUH
EHIRUHSODFLQJWKHIRRGLQWRWKHIULGJH
7KH 4XLFN )ULGJH LQGLFDWRU ZLOO UHPDLQ OLW
ZKHQ WKH 4XLFN )ULGJH IXQFWLRQ LV HQDEOHG
7R FDQFHO WKLV IXQFWLRQ SUHVV WKH 4XLFN
)ULGJHEXWWRQDJDLQ
7KH 4XLFN )ULGJH LQGLFDWRU ZLOO WXUQ RII DQG
VHWWLQJVZLOOUHWXUQWRQRUPDO
3DJH
'XDOFRROLQJV\VWHP
<RXU UHIULJHUDWRU LV HTXLSSHG ZLWK WZR
VHSDUDWH FRROLQJ V\VWHPV WR FRRO WKH IUHVK
IRRGFRPSDUWPHQWDQGIUHH]HUFRPSDUWPHQW
7KXVDLULQWKHIUHVKIRRGFRPSDUWPHQWDQG
IUHH]HU FRPSDUWPHQW GR QRW JHW PL[HG
7KDQNV WR WKHVH WZR VHSDUDWH FRROLQJ
V\VWHPVFRROLQJVSHHGLVPXFK KLJKHUWKDQ
RWKHUUHIULJHUDWRUV
2GRXUV LQ WKH FRPSDUWPHQWV GR QRW JHW
PL[HG
$GGLWLRQDO SRZHU VDYLQJ LV DOVR DFKLHYHG
VLQFH WKH GHIURVWLQJ LV SHUIRUPHG
LQGLYLGXDOO\
(JJWUD\
<RXFDQLQVWDOOWKHHJJKROGHUWRWKHGHVLUHG
GRRURUERG\VKHOI
1HYHU VWRUH WKH HJJ KROGHU LQ WKH IUHH]HU
FRPSDUWPHQW
%OXHOLJKW
'HSHQGVRQ0RGHO
)RRG VWRUHG LQ WKH FULVSHUV WKDW DUH
LOOXPLQDWHG ZLWK D EOXH OLJKW FRQWLQXH WKHLU
SKRWRV\QWKHVLVE\PHDQV RI WKH ZDYHOHQJWK
HIIHFW RI EOXH OLJKW DQG WKXV SUHVHUYH WKHLU
IUHVKQHVVDQGLQFUHDVHWKHLUYLWDPLQFRQWHQW
(QHUJ\6DYLQJ)XQFWLRQ
:KHQ \RX SUHVV WKLV EXWWRQ WKH (QHUJ\
VDYLQJ LFRQ ZLOO OLJKW XS DQG WKH (QHUJ\
6DYLQJ)XQFWLRQZLOOEHDFWLYDWHG
,I WKH (QHUJ\ VDYLQJ IXQFWLRQ LV DFWLYH DOO
LFRQV RQ WKH GLVSOD\ RWKHU WKDQ WKH (QHUJ\
VDYLQJLFRQZLOOWXUQRII
,IDQ\RWKHU EXWWRQ LVSUHVVHG RU WKHGRRULV
RSHQHGZKHQWKH(QHUJ\6DYLQJ)XQFWLRQLV
DFWLYH WKH (QHUJ\ 6DYLQJ )XQFWLRQ ZLOO EH
GHDFWLYDWHGDQGWKHLFRQVRQWKHGLVSOD\ZLOO
UHWXUQWRQRUPDO
,I \RX SUHVV WKLV EXWWRQ DJDLQ WKH (QHUJ\
6DYLQJ LFRQ ZLOO WXUQ RII DQG WKH (QHUJ\
6DYLQJ)XQFWLRQZLOOQRORQJHUEHDFWLYH
.H\/RFN0RGH
3UHVV WKH 4XLFN )UHH]H DQG )5= 6HW
EXWWRQVFRQFXUUHQWO\IRUVHFRQGV7KH.H\
ORFNLFRQZLOOOLJKWXSDQGWKHNH\ORFNPRGH
ZLOOEHDFWLYDWHG
%XWWRQV ZLOO QRW IXQFWLRQ LI WKH .H\ /RFN
PRGHLVDFWLYH3UHVV4XLFN)UHH]HDQG)5=
6HW EXWWRQV FRQFXUUHQWO\ IRU VHFRQGV
DJDLQ
7KH .H\ ORFN LFRQ ZLOO WXUQ RII DQG WKH NH\
ORFNPRGHZLOOEHGHDFWLYDWHG
'RRU2SHQ:DUQLQJ
$Q DXGLR ZDUQLQJ ZLOO EH JLYHQ ZKHQ WKH
IULGJHFRPSDUWPHQWGRRURI \RXU UHIULJHUDWRU
LVOHIWRSHQIRUDFHUWDLQSHULRGRIWLPH
7KH DXGLR ZDUQLQJ VLJQDO ZLOO PXWH ZKHQ
SUHVVLQJDQ\EXWWRQRQWKHLQGLFDWRURUZKHQ
WKHGRRULVFORVHG
,RQL]HU
7KH,RQL]HUZKLFKLVLQWKHDLUFKDQQHORIWKH
UHIULJHUDWRU LRQL]HV WKH DLU 7KLV V\VWHP
HQVXUHV WKDW DLUERUQH EDFWHULD DQG EDG
VPHOOVWKDWRULJLQDWHIURPWKHEDFWHULDZLOOEH
UHGXFHG
3DJH
7KHIUHH]HUFRPSDUWPHQW
'HHSIUHH]HLQIRUPDWLRQ
x )RRG PXVW EH IUR]HQ DV UDSLGO\ DV
SRVVLEOH ZKHQ SODFHG LQ D IUHH]HU WR
PDLQWDLQLWVTXDOLW\
x ,W LV SRVVLEOH WR NHHSIRRG IRU D ORQJ WLPH
SHULRG RQO\ DW WHPSHUDWXUHV RI & RU
ORZHU
x 7KH TXDOLW\ RI IRRG LQ D IUHH]HU FDQ EH
PDLQWDLQHG IRU PDQ\ PRQWKV DW
WHPSHUDWXUHVRI&RUORZHU
x 3UHSDFNHG FRPPHUFLDOO\ IUR]HQ IRRG
VKRXOG EH VWRUHG LQ DFFRUGDQFH ZLWK WKH
IUR]HQIRRGPDQXIDFWXUHU¶VLQVWUXFWLRQVIRU
D VWDU IUR]HQ IRRG VWRUDJH
FRPSDUWPHQW
7RHQVXUHWKDWWKHKLJKTXDOLW\DFKLHYHGE\
WKHIUR]HQIRRGPDQXIDFWXUHUDQGWKHIRRG
UHWDLOHULVPDLQWDLQHGWKHIROORZLQJVKRXOG
EHUHPHPEHUHG
3XWSDFNDJHVLQWKHIUHH]HU DVTXLFNO\DV
SRVVLEOH DIWHU SXUFKDVH (QVXUH WKDW
FRQWHQWV DUH ODEHOOHG DQG GDWHG 'R QRW
H[FHHG³8VH%\´RU³%HVW%HIRUH´GDWHVRQ
WKHSDFNDJLQJ
,IWKHUHLVDSRZHUIDLOXUH GRQRWRSHQWKH
IUHH]HU GRRU (YHQ LI WKH SRZHU IDLOXUH
ODVWV XS WR WKH ³7HPSHUDWXUH ULVH WLPH´
IUR]HQ IRRG ZLOO QRW EH DIIHFWHG ,Q FDVH
WKH IDLOXUH ODVWV ORQJHU WKH IRRG PXVW EH
FKHFNHG DQG ZKHQ QHFHVVDU\ PXVW EH
FRQVXPHG LPPHGLDWHO\ RU PXVW EH IUR]HQ
DIWHUEHLQJFRRNHG
x :UDS DOO IRRG EHIRUH VWRUDJH 6HDO DOO
IRRGV RU SODFH LQ DLUWLJKW FRQWDLQHUV WR
SUHYHQWGHK\GUDWLRQ
x (OLPLQDWH DOO WKH DLU SRFNHWV IURP
SDFNDJHVDQGNHHSDLURXWE\ILUPVHDOLQJ
x :KHQSDFNDJLQJLQVKHHWPDWHULDOVXFKDV
DOXPLQLXPIRLOSDUFHOWLJKWO\DQGSUHVVRXW
DOO DLU SRFNHWV $OO IROGV VKRXOG EH VHDOHG
ZLWKGHHSIUHH]HVHDOLQJWDSH
x 8QZUDSSHG IRRG FRQWDLQLQJ DFLGV RU VDOW
PD\SHUPDQHQWO\VWDLQWKHFDELQHWLQWHULRU
x :KHQ ORDGLQJ EXON LQWR WKH IUHH]HU ORDG
RQH TXDUWHU DW D WLPH DQG DOORZ WR IUHH]H
EHIRUHORDGLQJWKHQH[WTXDUWHU
x 'LYLGH IRRG LQWR UHDVRQDEOH SRUWLRQV
DFFRUGLQJWR\RXUUHTXLUHPHQWV
x $OORZKRWIRRGWRFRROEHIRUHSXWWLQJLWLQWR
WKH IUHH]HU )UHH]H FRRNHG IRRG LQ VPDOO
TXDQWLWLHV7KLVHQVXUHVUDSLGIUHH]LQJDQG
PDLQWDLQVWKHTXDOLW\RIWKHIRRG
x )RRG WKDW KDV GHIURVWHG PXVW EH
FRQVXPHG ZLWKLQ KRXUV 2QO\ FRRNHG
IRRG FDQ EH UHIUR]HQ 'R QRW UHIUHH]H
IRRGWKDWKDVGHIURVWHG
x 'R QRW H[FHHG WKH H[SLU\ GDWH VKRZQ RQ
IRRGSDFNV
x 'R QRW WDNH RXW IUR]HQ IRRG ZLWK ZHW
KDQGV <RXU KDQGV FRXOG VWLFN WR WKH
IUR]HQIRRG
x $OZD\V XVH DSSURSULDWH SDFNDJLQJ
PDWHULDO WR DYRLG RGRXU SHQHWUDWLRQ RU
GHJUDGDWLRQRIWKHIRRG
x 7UDQVSRUW SUHIUR]HQ IRRG IURP WKH
VXSHUPDUNHW LQ IRLO OLQHG FRROHU EDJV DQG
WUDQVIHU WR WKH KRPH IUHH]HU DV VRRQ DV
SRVVLEOH
x 3ODFHIUHVKIRRGWREHIUR]HQQHDUWKHVLGH
ZDOOVRIWKHIUHH]HUWRHQVXUHIDVWIUHH]LQJ
x 1HYHU H[FHHG WKH PD[LPXP IUHH]LQJ
FDSDFLW\RIWKHIUHH]HU,I\RXDUHJRLQJWR
IUHH]H IUHVK IRRG LQ H[FHVV RI NJ WXUQ
WKH4XLFN)UHH]HIXQFWLRQ RQ DQG ZDLWIRU
DW OHDVW WKUHH KRXUV EHIRUH SODFLQJ WKH
IUHVKIRRGLQWKHIUHH]HU'RQRWIUHH]HWRR
ODUJH D TXDQWLW\ RI IRRG DW DQ\ RQH WLPH
7KH TXDOLW\ RI WKH IRRG LV EHVW SUHVHUYHG
ZKHQLWLVIUR]HQULJKWWKURXJKWRWKHFHQWUH
DV TXLFNO\ DV SRVVLEOH 7DNH VSHFLDO FDUH
QRW WR PL[ DOUHDG\ IUR]HQ IRRG DQG IUHVK
IRRG
'HIURVWLQJ
7KHIULGJHDQGIUHH]HUFRPSDUWPHQWVGHIURVW
DXWRPDWLFDOO\
3DJH
3ODFLQJWKHIRRG
)UHH]HUFRPSDUWPHQWVHWWLQJV
1RWH,I\RXILQGWKDWWKHGRRURIWKHIUHH]HULVGLIILFXOWWRRSHQMXVWDIWHU\RXKDYHFORVHGLWWKLV
LV GXH WR WKH SUHVVXUH GLIIHUHQFH ZKLFK ZLOO HTXDOL]H DQG DOORZ IRU WKH GRRU WR EH RSHQHG
QRUPDOO\DIWHUDIHZPLQXWHV
'HHS)UHH]HSDFNDJLQJLQIRUPDWLRQ
0DWHULDOVWREHXVHGIRUSDFNDJLQJPXVWEHWHDUSURRIDQGUHVLVWDQWWRFROGKXPLGLW\RGRXU
RLOV DQG DFLGV DQG WKH\ PXVW DOVR EH DLUWLJKW 7KH\ PXVW EH PDGH IURP PDWHULDOV WKDW DUH
VXLWDEOHIRUGHHSIUHH]HXVDJH
0DWHULDOVQHFHVVDU\IRUSDFNDJLQJ
&ROGUHVLVWDQWDGKHVLYHWDSH6HOIDGKHVLYHODEHOV5XEEHUULQJVDQGD3HQ
)UHH]HU&RPSDUWPHQW
6HWWLQJ
)ULGJH&RPSDUWPHQW
6HWWLQJ
([SODQDWLRQV
)UHH]HUFRPSDUWPHQWVHWWLQJV
& & 7KLVLVWKHQRUPDOUHFRPPHQGHGVHWWLQJ
RU& & 7KHVHVHWWLQJVDUHUHFRPPHQGHGZKHQWKHDPELHQW
WHPSHUDWXUHH[FHHGV&
4XLFN)UHH]H & 8VHZKHQ\RXZLVKWRIUHH]H\RXUIRRGLQDVKRUW
WLPH<RXUUHIULJHUDWRUZLOOUHWXUQWRLWVSUHYLRXV
PRGHZKHQWKHSURFHVVLVRYHU
&RUFROGHU & ,I\RXWKLQNWKDW\RXUIULGJHFRPSDUWPHQWLVQRWFROG
HQRXJKEHFDXVHRIWKHKRWFRQGLWLRQVRUIUHTXHQW
RSHQLQJDQGFORVLQJRIWKHGRRU
&RUFROGHU 4XLFN)ULGJH <RXFDQXVHLWZKHQ\RXUIULGJHFRPSDUWPHQWLV
RYHUORDGHGRULI\RXZLVKWRFRROGRZQ\RXUIRRG
UDSLGO\,WLVUHFRPPHQGHGWKDW\RXDFWLYDWHTXLFN
IULGJHIXQFWLRQKRXUVEHIRUHSODFLQJWKHIRRG
3ODFLQJIRRGV
)UHH]HUFRPSDUWPHQW
VKHOYHV
9DULRXVIUR]HQIRRGVXFKDVPHDWILVKLFHFUHDPDQG
YHJHWDEOHV
(JJKROGHU (JJV
)ULGJHFRPSDUWPHQW
VKHOYHV
)RRGLQSDQVFRYHUHGSODWHVDQGFORVHGFRQWDLQHUV
)ULGJHFRPSDUWPHQWGRRU
VKHOYHV
6PDOODQGSDFNDJHGIRRGRUGULQNVVXFKDVPLONDQGIUXLW
MXLFH'HOLFDWHVVHQSURGXFWVFKHHVHDQGEXWWHU
&ULVSHU 9HJHWDEOHVDQGIUXLWV
3DJH
:DWHU'LVSHQVHU
7KHZDWHUGLVSHQVHULVDYHU\XVHIXOIHDWXUH
ZLWK UHJDUGV WR DFFHVVLQJ FKLOOHG ZDWHU
ZLWKRXW KDYLQJ WR RSHQ WKH GRRU RI \RXU
IULGJH
6LQFH \RX GR QRW KDYH WR RSHQ WKH GRRU RI
\RXU IULGJH IUHTXHQWO\ \RX DOVR VDYH RQ
HOHFWULFLW\
8VLQJWKHZDWHUGLVSHQVHU
3XVKLQWKHOHYHURIWKHZDWHUGLVSHQVHUZLWK
\RXUJODVVIRUZDWHUIORZ5HOHDVLQJWKHOHYHU
FXWVRIIWKHZDWHUIORZ
:KHQ RSHUDWLQJ WKH ZDWHU GLVSHQVHU
PD[LPXP IORZ LV DFKLHYHG E\ IXOO\
GHSUHVVLQJWKHOHYHU
3OHDVHQRWHKRZPXFKZDWHUIORZVIURPWKH
GLVSHQVHU GHSHQGV RQ KRZ IDU \RX GHSUHVV
WKHOHYHU$VWKHOHYHORIZDWHULQ\RXUFXS
JODVV ULVHV JHQWO\ UHGXFH WKH DPRXQW RI
SUHVVXUHRQWKHOHYHUWRDYRLGRYHUIORZ
,I\RXGHSUHVVWKH OHYHU E\ DVPDOODPRXQW
WKHQ WKH ZDWHU ZLOO RQO\ WULFNOH WKLV LV
SHUIHFWO\QRUPDODQGLVQRWDIDXOW
)LOOLQJWKHZDWHUGLVSHQVHUVWDQN
7KH ZDWHU WDQN ILOOLQJ UHVHUYRLU LV ORFDWHG
LQVLGH WKH GRRU UDFN 2SHQ WKH UHVHUYRLU
FRYHUDQGILOOXSZLWKSXUHDQGFOHDQGULQNLQJ
ZDWHU&ORVHWKHFRYHU
8VHFOHDQDQGSXUHGULQNLQJZDWHURQO\
&DSDFLW\ RI WKH ZDWHU WDQN LV OLWUHV GR
QRWRYHUILOO
3XVK WKH DUP RI WKH ZDWHU GLVSHQVHU ZLWK D
ULJLG JODVV ,I \RX DUH XVLQJ GLVSRVDEOH
SODVWLF JODVVHV SXVK WKH DUP ZLWK \RXU
ILQJHUVIURPEHKLQGWKHJODVV
:DUQLQJ
'RQRWILOOWKHZDWHUWDQNZLWKDQ\OLTXLGRWKHU
WKDQGULQNLQJ ZDWHUEHYHUDJHVVXFK DVIUXLW
MXLFH FDUERQDWHG EHYHUDJHV DQG DOFRKROLF
GULQNVDUHQRWVXLWDEOHIRUXVHZLWKWKHZDWHU
GLVSHQVHU
,IVXFKOLTXLGVDUHXVHGWKHZDWHUGLVSHQVHU
ZLOO PDOIXQFWLRQ DQG PD\ EH GDPDJHG
EH\RQGUHSDLU 7KHZDUUDQW\GRHV QRWFRYHU
VXFK XVDJH 6RPH RI WKH LQJUHGLHQWV DQG
DGGLWLYHV LQ WKHVH GULQNV EHYHUDJHV PD\
DOVR DWWDFN DQG GDPDJH WKH ZDWHU WDQN
PDWHULDO
3DJH
:DWHUWUD\
$Q\ ZDWHU WKDW GULSV ZKLOVW XVLQJ WKH ZDWHU
GLVSHQVHUDFFXPXODWHVLQWKHVSLOODJHWUD\
5HPRYH WKH SODVWLF VWUDLQHU E\ SUHVVLQJ RQ
WKHVLGHDVVKRZQLQWKHILJXUH
:LWKDFOHDQ
DQG GU\ FORWK UHPRYH WKH ZDWHU WKDW KDV
DFFXPXODWHG
:$51,1*'RQRWZDVKDQ\RI
WKHZDWHUWDQNSDUWVLQD
GLVKZDVKLQJPDFKLQH
&OHDQLQJWKHZDWHUWDQN
x 5HPRYH WKH ZDWHU ILOOLQJ UHVHUYRLU LQVLGH
WKHGRRUUDFN
0DNHVXUHWKDWWKHSDUWVDQGVHDOVUHPRYHG
LIDQ\DVLOOXVWUDWHGLQWKHH[SORGHGGLDJUDP
EHORZ GXULQJ FOHDQLQJ DUH SURSHUO\ UHILWWHG
WRSUHYHQWDQ\ZDWHUOHDNDJH
x 5HPRYH WKH ZDWHU GLVSHQVHU VKHOI E\
KROGLQJIURPERWKVLGHV
x *UDE WKH ZDWHU GLVSHQVHU UHVHUYRLU RQ
ERWKVLGHVUHPRYHLWDWDQDQJOHRI
x &OHDQWKHUHVHUYRLUE\UHPRYLQJLWVOLG
3DJH
3URWHFWLRQRISODVWLFVXUIDFHV
'RQRWSODFHOLTXLGRLOVRURLOFRRNHGPHDOVLQ
\RXU UHIULJHUDWRU LQ XQVHDOHG FRQWDLQHUV DV
WKH\ PD\ GDPDJH WKH SODVWLF VXUIDFHV ,Q
FDVHRIVSLOOLQJRUVPHDULQJRLORQWKHSODVWLF
VXUIDFHVFOHDQDQGULQVHWKHUHOHYDQWSDUWRI
WKHVXUIDFHDWRQFHZLWKZDUPZDWHU
5HSODFLQJWKHLOOXPLQDWLRQODPS
7RFKDQJHWKHODPSXVHGIRULOOXPLQDWLRQRI
\RXUUHIULJHUDWRUSOHDVHFDOO\RXU$XWKRUL]HG
6HUYLFH
,FHPDWLFDQG,FHVWRUDJHFRQWDLQHU
0DLQWHQDQFHDQG&OHDQLQJ
x
$OZD\V GLVFRQQHFW WKH SOXJ IURP WKH
PDLQVVRFNHWEHIRUHFOHDQLQJ
x 1RWHWKDWWXUQLQJWKHWKHUPRVWDWWRµ¶GRHV
QRWVZLWFKWKHSRZHURIIWRWKHUHIULJHUDWRU
x &OHDQ WKH LQVLGH RI WKH UHIULJHUDWRU ZKHQ
QHFHVVDU\E\XVLQJDVROXWLRQRIRQHWDEOH
VSRRQRI%LFDUERQDWHRI6RGDWRWZROLWUHV
RIZDUPZDWHU
x 'U\ZLWKDVRIWFORWK
x 'R QRW XVH SRW VFRUHUV RU DEUDVLYH
SRZGHUVWRFOHDQWKHUHIULJHUDWRU
x 6SLOODJHV HVSHFLDOO\ FLWULF DQG DFLGLF
MXLFHV PXVW EH ZLSHG XS LPPHGLDWHO\ DV
WKH\ FRXOG VWDLQ WKH LQWHULRU RI WKH
UHIULJHUDWRU
x 6KHOYHVDQGIUHH]HUEDVNHWVZKHUHILWWHG
PD\EHUHPRYHGIRUFOHDQLQJSXUSRVHV
x 7KH EDFN RI WKH UHIULJHUDWRU PD\ EH
YDFXXPHG RU GXVWHG XVLQJ D VRIW EULVWOH
EUXVK
x $PLOGIXUQLWXUHSROLVKPD\EHXVHGRQWKH
H[WHULRU FDELQHW WR DGG OXVWUH DQG SURWHFW
DJDLQVWILQJHUPDUNV
x 0DNHVXUHWKDWQRZDWHUHQWHUVWKHODPS
KRXVLQJDQGRWKHUHOHFWULFDOLWHPV
x ,I\RXUUHIULJHUDWRULVQRWJRLQJWREHXVHG
IRUDORQJSHULRGRIWLPHXQSOXJWKHSRZHU
FDEOHUHPRYHDOOIRRGFOHDQLWDQGOHDYH
WKHGRRUDMDU
x &KHFNGRRUVHDOVUHJXODUO\WRHQVXUHWKH\
DUHFOHDQDQGIUHHIURPIRRGSDUWLFOHV
x 7RUHPRYHGRRUUDFNVUHPRYHDOOWKH
FRQWHQWVDQGWKHQVLPSO\SXVKWKHGRRU
UDFNXSZDUGVIURPWKHEDVH
:DUQLQJ 5HSDLUV PXVW EH FDUULHG
RXW E\ DXWKRULVHG SHUVRQV RQO\
5HSDLUV FDUULHG RXW E\ LQFRPSHWHQW
SHUVRQVFUHDWHDXVHUULVN
8QSOXJ WKH UHIULJHUDWRU IURP WKH
ZDOO VRFNHW ZKHQ \RX FOHDQ WKH
UHIULJHUDWRU
,PSRUWDQW 5HPRYH WKH ERWWRP
GRRU VKHOI LQ RUGHU WR UHPRYH WKH
FULVSHU
RSWLRQDO
8VLQJWKH,FHPDWLF
)LOO WKH ,FHPDWLF ZLWK ZDWHU DQG SODFH LW LQWR
LWV VHDW <RXU LFH ZLOO EH UHDG\ LQ
DSSUR[LPDWHO\WZRKRXUV'RQRWUHPRYHWKH
,FHPDWLFIURPLWVVHDWLQJWRWDNHLFH
7XUQ WKH NQREV RQ WKH LFH UHVHUYRLUV
FORFNZLVH E\ GHJUHHV ,FH FXEHV LQ WKH
UHVHUYRLUV ZLOO IDOO GRZQ LQWR WKH LFH VWRUDJH
FRQWDLQHUEHORZ
<RX PD\ WDNH RXW WKH LFH VWRUDJH FRQWDLQHU
DQG VHUYH WKH LFH FXEHV ,I \RX ZLVK \RX
PD\ NHHS WKH LFH FXEHV LQ WKH LFH VWRUDJH
FRQWDLQHU
,FHVWRUDJHFRQWDLQHU
7KHLFHVWRUDJHFRQWDLQHULVRQO\LQWHQGHGIRU
DFFXPXODWLQJLFHFXEHV'RQRWSXWZDWHULQLW
DVWKLVZLOOFDXVHLWWREUHDN
3DJH
7URXEOH6KRRWLQJ
3OHDVHUHYLHZWKLVOLVWEHIRUHFDOOLQJDVHUYLFHFHQWUH,WFRXOGVDYH\RXWLPHDQGPRQH\7KLV
OLVWLQFOXGHVIUHTXHQWFRPSODLQWVWKDWGRQRWDULVHIURPGHIHFWLYHZRUNPDQVKLSRUPDWHULDO
XVDJH6RPHRIWKHIHDWXUHVGHVFULEHGKHUHPD\QRWDSSO\WR\RXUPRGHO
6\PSWRP &KHFN
7KHUHIULJHUDWRUGRHVQRW
RSHUDWH
0DNHVXUHWKHUHIULJHUDWRUSOXJLVVHFXUHO\SOXJJHGLQ
&KHFNIRUDEORZQIXVHRUWULSSHGFLUFXLWEUHDNHU
7HVWWKHZDOOVRFNHWIRUSRZHUXVLQJDQRWKHUDSSOLDQFH
,QVSHFWWKHHOHFWULFDOFRUGIRUGDPDJH
(OLPLQDWHWKHXVHRIDQH[WHQVLRQFRUGLIDQ\LVEHLQJXVHG
&RQGHQVDWLRQRQWKHVLGH
ZDOORIWKHIULGJH
FRPSDUWPHQW
9HU\FROGDPELHQWFRQGLWLRQV)UHTXHQWRSHQLQJDQGFORVLQJRI
WKH GRRU +LJKO\ KXPLG DPELHQW FRQGLWLRQV 6WRUDJH RI IRRG
FRQWDLQLQJ OLTXLG LQ RSHQ FRQWDLQHUV /HDYLQJ WKH GRRU DMDU
6ZLWFKLQJWKHWKHUPRVWDWWRDFROGHUGHJUHH
'HFUHDVLQJWKHDPRXQWRIWLPHWKHGRRULVOHIWRSHQRUXVLQJLW
OHVVIUHTXHQWO\
&RYHULQJ WKH IRRG VWRUHG LQ RSHQ FRQWDLQHUV ZLWK D VXLWDEOH
PDWHULDO
:LSHWKHFRQGHQVDWLRQXVLQJDGU\FORWKDQGFKHFNLILWSHUVLVWV
&RPSUHVVRULVQRW
UXQQLQJ
7KH SURWHFWLYH WKHUPDO UHOD\ RI WKH FRPSUHVVRU ZLOO EORZ RXW
GXULQJ VXGGHQ SRZHU IDLOXUHV RU SOXJRXWV DQG SOXJLQV DV WKH
UHIULJHUDQWSUHVVXUHLQWKHFRROLQJV\VWHPRIWKHUHIULJHUDWRUKDV
QRW \HW EHHQ EDODQFHG <RXU UHIULJHUDWRU ZLOO VWDUW UXQQLQJ
DSSUR[LPDWHO\DIWHUPLQXWHV3OHDVHFDOODVHUYLFHFHQWUHLIWKH
UHIULJHUDWRUGRHVQRWVWDUWXSDWWKHHQGRIWKLVSHULRG
7KH UHIULJHUDWRU LV LQ GHIURVW F\FOH 7KLV LV QRUPDO IRU DQ
DXWRPDWLF GHIURVWLQJ UHIULJHUDWRU 7KH GHIURVWLQJ F\FOH RFFXUV
SHULRGLFDOO\
<RXUUHIULJHUDWRULVQRWSOXJJHGLQWRWKHZDOOVRFNHW0DNHVXUH
WKDWWKHSOXJLVSURSHUO\ILWWHGLQWRWKHZDOOVRFNHW
+DYHWKHWHPSHUDWXUHDGMXVWPHQWVEHHQFRUUHFWO\PDGH"
3RZHUPLJKWEHFXWRII
&RQGHQVDWLRQRQWKH
LQQHUZDOOVRIUHIULJHUDWRU
+RWDQGKXPLGZHDWKHULQFUHDVHVLFLQJDQGFRQGHQVDWLRQ,WLV
QRUPDODQGQRWDIDXOW
'RRUVPLJKWKDYHEHHQOHIWDMDUHQVXUHWKHGRRUVDUHIXOO\
FORVHG
'RRUVPLJKWKDYHEHHQRSHQHGIUHTXHQWO\RUOHIWDMDUIRUDORQJ
WLPHRSHQWKHPOHVVIUHTXHQWO\
)RRGNHSWLQWKHIULGJH
FRPSDUWPHQWGUDZHUVDUH
IUHH]LQJ
7KHIULGJHWHPSHUDWXUHPLJKWKDYHEHHQDGMXVWHGWRDYHU\ORZ
WHPSHUDWXUH$GMXVWWKHIULGJHWHPSHUDWXUHWRDZDUPHUGHJUHH
DQGFKHFN
)UHH]HUWHPSHUDWXUHLV
YHU\ORZZKLOHWKHIULGJH
WHPSHUDWXUHLVVXIILFLHQW
7KHIUHH]HUWHPSHUDWXUHLVDGMXVWHGWRDYHU\ORZWHPSHUDWXUH
$GMXVWWKHIUHH]HUWHPSHUDWXUHWRDZDUPHUGHJUHHDQGFKHFN
Page is loading ...
Page is loading ...
Page is loading ...
Page is loading ...
-
1
-
2
-
3
-
4
-
5
-
6
-
7
-
8
-
9
-
10
-
11
-
12
-
13
-
14
-
15
-
16
-
17
-
18
-
19
-
20
-
21
-
22
-
23
-
24
Defy K60363NE User manual
- Type
- User manual
- This manual is also suitable for
Ask a question and I''ll find the answer in the document
Finding information in a document is now easier with AI
Related papers
Other documents
-
LADEN ARC 0150 User guide
-
Novamatic EK617.2R User manual
-
-
Beko CFG4601V Owner's manual
-
Whirlpool ARG 746/A User guide
-
Panasonic NRBN34AX2 Owner's manual
-
-
Panasonic NRBN31CX2 Owner's manual
-
-