GE JGP970SEKSS User manual


*(
4XHVWLRQV"&DOO*(&$5(6RU9LVLWRXU:HEVLWHDWJHFRP
,Q&DQDGDFDOORU9LVLWRXU:HEVLWHDWZZZJHDSSOLDQFHVFD
,QVWDOODWLRQ s6HDOHG*DV&RRNWRS
,QVWUXFWLRQV
%()25(<28%(*,1
5HDGWKHVHLQVWUXFWLRQVFRPSOHWHO\
DQGFDUHIXOO\
,03257$17³6DYHWKHVHLQVWUXFWLRQV
IRUORFDOLQVSHFWRU·VXVH
,03257$17³2EVHUYHDOOJRYHUQLQJ
FRGHVDQGRUGLQDQFHV
 1RWHWR,QVWDOOHU²%HVXUHWROHDYHWKHVH
LQVWUXFWLRQVZLWKWKH&RQVXPHU
 1RWHWR&RQVXPHU².HHSWKHVHLQVWUXFWLRQVIRU
IXWXUHUHIHUHQFH
 3URGXFWIDLOXUHGXHWRLPSURSHULQVWDOODWLRQLVQRW
FRYHUHGXQGHUWKH:DUUDQW\
:$51,1*³7KLVDSSOLDQFHPXVWEH
SURSHUO\JURXQGHG
 
,03257$17³/HDNWHVWLQJRIWKH
DSSOLDQFHVKDOOEHFRQGXFWHGDFFRUGLQJWRWKH
PDQXIDFWXUHU·VLQVWUXFWLRQV
 3URSHULQVWDOODWLRQLVWKHUHVSRQVLELOLW\
RIWKHLQVWDOOHUDQGSURGXFWIDLOXUHGXHWR
LPSURSHULQVWDOODWLRQLV127FRYHUHGXQGHU
ZDUUDQW\
,17+(&20021:($/7+2)
0$66$&+86(776
7KLVSURGXFWPXVWEHLQVWDOOHGE\DOLFHQVHG
SOXPEHURUJDVILWWHU
:KHQXVLQJEDOOW\SHJDVVKXWRIIYDOYHVWKH\
VKDOOEHWKH7KDQGOHW\SH
$IOH[LEOHJDVFRQQHFWRUZKHQXVHGPXVWQRW
H[FHHGIHHW
-*3-*33*3=*8
)25<2856$)(7<
:$51,1*³,IWKHLQIRUPDWLRQ
LQWKLVPDQXDOLVQRWIROORZHGH[DFWO\DILUH
H[SORVLRQRUJDVOHDNPD\UHVXOWFDXVLQJSURSHUW\
GDPDJHSHUVRQDOLQMXU\RUGHDWK
'RQRWVWRUHRUXVHJDVROLQHRURWKHUIODPPDEOH
YDSRUVDQGOLTXLGVLQWKHYLFLQLW\RIWKLVRUDQ\RWKHU
DSSOLDQFH

:+$772'2,)<2860(//
*$6
'RQRWWU\WROLJKWDQ\DSSOLDQFH'RQRWWRXFK
DQ\HOHFWULFDOVZLWFKGRQRWXVHDQ\SKRQHLQ
\RXUEXLOGLQJ
,PPHGLDWHO\FDOO\RXUJDVVXSSOLHUIURPD
QHLJKERU·VSKRQH)ROORZWKHJDVVXSSOLHU·V
LQVWUXFWLRQV
,I\RXFDQQRWUHDFK\RXUJDVVXSSOLHUFDOOWKHILUH
GHSDUWPHQW
,QVWDOODWLRQDQGVHUYLFHPXVWEHSHUIRUPHGE\
DTXDOLILHGLQVWDOOHUVHUYLFHDJHQF\RUWKHJDV
VXSSOLHU
7KLVFRRNWRSKDVEHHQGHVLJQFHUWLILHG
E\&6$,QWHUQDWLRQDO<RX·OOILQGVDIHW\SUHFDXWLRQV
LQ\RXU2ZQHU·V0DQXDO
5HDGWKHPFDUHIXOO\
,QVWDOODWLRQRIWKLVFRRNWRSPXVWFRQIRUPZLWK
ORFDOFRGHVRULQWKHDEVHQFHRIORFDOFRGHVZLWK
WKH1DWLRQDO)XHO*DV&RGH$16,=1)3$
²/DWHVWHGLWLRQ
%HVXUH\RXUFRRNWRSLVLQVWDOOHGSURSHUO\E\D
TXDOLILHGLQVWDOOHURUVHUYLFHWHFKQLFLDQ
7RHOLPLQDWHUHDFKLQJRYHUVXUIDFHEXUQHUV
FDELQHWVWRUDJHDERYHEXUQHUVKRXOGEHDYRLGHG
'RQRWLQVWDOOWKHXQLWQHDUDQRXWVLGHGRRURU
ZKHUHDGUDIWPD\DIIHFWLWVXVH
:$51,1*³'LVFRQQHFWDOOHOHFWULFDO
SRZHUDWWKHPDLQFLUFXLWEUHDNHU
RUIXVHER[EHIRUHLQVWDOOLQJ


,QVWDOODWLRQ,QVWUXFWLRQV
,03257$176$)(7<,16758&7,216
(/(&75,&$/5(48,5(0(176
7KLVDSSOLDQFHPXVWEHVXSSOLHGZLWKWKHSURSHU
YROWDJHDQGIUHTXHQF\DQGFRQQHFWHGWRDQ
LQGLYLGXDOSURSHUO\JURXQGHGEUDQFKFLUFXLW
SURWHFWHGE\DFLUFXLWEUHDNHURUIXVHKDYLQJ
DPSHUDJHDVQRWHGRQWKHUDWLQJSODWH
:HUHFRPPHQG\RXKDYHWKHHOHFWULFDOZLULQJDQG
KRRNXSRI\RXUFRRNWRSFRQQHFWHGE\DTXDOLILHG
HOHFWULFLDQ$IWHULQVWDOODWLRQKDYHWKHHOHFWULFLDQ
VKRZ\RXZKHUH\RXUPDLQFRRNWRSGLVFRQQHFWLV
ORFDWHG
&KHFNZLWK\RXUORFDOXWLOLWLHVIRUHOHFWULFDOFRGHV
ZKLFKDSSO\LQ\RXUDUHD)DLOXUHWRZLUH\RXU
FRRNWRSDFFRUGLQJWRJRYHUQLQJFRGHVFRXOGUHVXOW
LQDKD]DUGRXVFRQGLWLRQ
,IWKHUHDUHQRFRGHV\RXUFRRNWRSPXVWEHZLUHG
DQGIXVHGWRPHHWWKHUHTXLUHPHQWVRIWKH1DWLRQDO
(OHFWULFDO&RGH$16,1)3$1R³/DWHVWHGLWLRQ
<RXFDQJHWDFRS\E\ZULWLQJ
1DWLRQDO)LUH3URWHFWLRQ$VVRFLDWLRQ
%DWWHU\PDUFK3DUN
4XLQF\0$
,Q&DQDGD\RXUFRRNWRSPXVWEHZLUHGDQGIXVHG
WRPHHWWKHUHTXLUHPHQWVRIWKH&DQDGLDQ(OHFWULFDO
&RGH
%HVXUHWKHLQVWDOODWLRQRIWKLVSURGXFWLQDPRELOH
KRPHFRQIRUPVZLWKWKH0DQXIDFWXUHG+RPH
&RQVWUXFWLRQDQG
6DIHW\6WDQGDUG7LWOH&)53DUW
,IWKLVVWDQGDUGGRHVQRWDSSO\\RXPXVWIROORZ
WKHVWDQGDUGIRU0DQXIDFWXUHG+RPH,QVWDOODWLRQV
$16,$DQG0DQXIDFWXUHG+RPH,QVWDOODWLRQV
6LWHVDQG&RPPXQLWLHVDQG$16,1)3$$RU
ZLWKORFDOFRGHV
<RXFDQJHWDFRS\RIWKH)HGHUDO6WDQGDUGE\
:ULWLQJ
2IILFHRI0RELOH+RPH6WDQGDUGV
+8'%XLOGLQJ
WK6WUHHW6:
:DVKLQJWRQ'&
722/6<28:,//1(('
)25,167$//$7,21
0$7(5,$/6<280$<1(('
3$576,1&/8'('
+ROG
'RZQ%UDFNHWV
6KXW2II9DOYH
3LSH)LWWLQJV
&6$$SSURYHG)OH[LEOH*DV/LQH
s0LQ,'s137&RQQHFWLRQ
IRRW0D[LPXP/HQJWK0DVVDFKXVHWWV2QO\
-RLQW6HDODQW
6DEHU6DZ
3HQFLO
6DIHW\*ODVVHV
s'ULOO%LW(OHFWULFRU
+DQG'ULOO
5XOHURU6WUDLJKWHGJH
)RDP7DSH
*ODVV7RS
0RGHOV2QO\
6FUHZV
3KLOOLSV+HDG
6FUHZGULYHU
3LSH:UHQFK


,QVWDOODWLRQ,QVWUXFWLRQV
$:KHQSUHSDULQJFRRNWRSRSHQLQJPDNH
VXUHWKHLQVLGHRIWKHFDELQHWDQGWKH
FRRNWRSGRQRWLQWHUIHUHZLWKHDFKRWKHU
6HHVHFWLRQRQSUHSDULQJWKHRSHQLQJ
%5HPRYHSDFNDJLQJPDWHULDOVJUDWHER[HV
UHJXODWRUZLWKOLWHUDWXUHDQGOLWHUDWXUH
SDFNDJHIURPWKHFRRNWRSEHIRUHEHJLQQLQJ
LQVWDOODWLRQ
35(,167$//$7,21&+(&./,67
&5HPRYH,QVWDOODWLRQ,QVWUXFWLRQVIURP
OLWHUDWXUHSDFNDQGUHDGWKHPFDUHIXOO\
EHIRUH\RXEHJLQ
 %HVXUHWRSODFHDOOOLWHUDWXUH8VHDQG&DUH
,QVWDOODWLRQVHWFLQDVDIHSODFH
IRUIXWXUHUHIHUHQFH
'0DNHVXUH\RXKDYHDOOWKHWRROVDQG
PDWHULDOV\RXQHHGEHIRUHVWDUWLQJWKH
LQVWDOODWLRQRIWKHFRRNWRS
(<RXUKRPHPXVWSURYLGHWKHDGHTXDWH
HOHFWULFDOVHUYLFHQHHGHGWRVDIHO\DQG
SURSHUO\XVH\RXUFRRNWRS5HIHUWRVHFWLRQ
RQHOHFWULFDOUHTXLUHPHQWV
):KHQLQVWDOOLQJ\RXUFRRNWRSLQ\RXUKRPH
PDNHVXUHDOOORFDOFRGHVDQGRUGLQDQFHV
DUHIROORZHGH[DFWO\DVVWDWHG
*0DNHVXUHWKHZDOOFRYHULQJVFRXQWHUWRS
DQGFDELQHWVDURXQGWKHFRRNWRSFDQ
ZLWKVWDQGKHDWXSWR)JHQHUDWHGE\
WKHFRRNWRS
/LWHUDWXUH3DFNDJH
)RDP
3DFNDJLQJ
&RRNWRS
*UDWHER[HV


,QVWDOODWLRQ,QVWUXFWLRQV
35(3$5,1*7+(23(1,1*
0$,17$,17+()2//2:,1*
0,1,080&/($5$1&(
',0(16,216
3 3/4 MIN.
5(&200(1'('*$66833/<
/2&$7,21)520%$&.:$//
0$.(685(:$//&29(5,1*6
&2817(5723$1'&$%,1(76
$5281'&22.723&$1
:,7+67$1'+($78372)
*(1(5$7('%<&22.723
s0$;'HSWKRIXQSURWHFWHG
RYHUKHDGFDELQHWV s0,1FOHDUDQFHIURP
FXWRXWWRVLGHZDOORQWKH
ULJKWRIWKHXQLW
s0,1KHLJKW
IURPFRXQWHUWRSWR
QHDUHVWFDELQHWRQ
HLWKHUVLGHRIXQLW
s0,1FOHDUDQFHIURP
FXWRXWWRVLGHZDOORQWKH
OHIWRIWKHXQLW
s0,1FOHDUDQFHIURPFRXQWHUWRS
WRXQSURWHFWHGRYHUKHDGVXUIDFH
µ0LQ)URP%DFNZDOO
)URP&XWRXW
&HQWHU/LQH
5HFRPPHQGHG
JDVVXSSO\
ORFDWLRQ
:DOOFRYHULQJ
FDELQHWVDQG
FRXQWHUWRSPXVW
ZLWKVWDQGKHDW
XSWR)
29(5$//&22.723',0(16,216
&87287',0(16,2162)
&2817(5723
 7RHQVXUHDFFXUDF\LWLVEHVWWRPDNH
DWHPSODWHZKHQFXWWLQJWKHRSHQLQJ
LQWKHFRXQWHU
&RRNWRS
µZLGWKFXW
s
µ
OHQJWK
RIFXW
µ0LQ%HWZHHQ
FXWRXWDQGWKHZDOO
EHKLQGWKHFRRNWRS
s
s
s
s
µ0LQIURP
IURQWHGJHRIFXWRXW
DQGIURQWHGJHRI
FRXQWHUWRS
ss0D[IRU
*ODVV7RSPRGHOV
127($OOJDVFRRNWRSPRGHOVUHTXLUHs
IUHHDUHDEHORZFRRNWRSKHLJKWWRFRPEXVWLEOH
PDWHULDO


,QVWDOODWLRQ,QVWUXFWLRQV
,167$//,1*7+(&22.72381,7
/2&$7((/(&75,&$/287/(7$1'
*$66+872))9$/9(%(1($7+
&$%,1(7
,QVWDOODPDQXDOVKXWRIIYDOYHLQWKHJDVOLQHLQDQ
HDVLO\DFFHVVLEOHORFDWLRQRXWVLGHWKHFRRNWRS%H
VXUH\RXNQRZKRZDQGZKHUHWRVKXWRIIWKHJDV
VXSSO\WRWKHFRRNWRS,QVWDOOWKHHOHFWULFDORXWOHW
sEHORZWKHFRXQWHUWRS
1(9(55(86(2/'
&211(&7256:+(1
,167$//,1*7+,6
81,7
3527(&7685)$&(2)&22.723
3ODFHDWRZHORUWDEOHFORWKRQWRWKH
FRXQWHUWRS/D\WKHFRRNWRSXSVLGHGRZQRQWRWKH
SURWHFWHGVXUIDFH
$77$&+)2$07$3(
JODVVPDLQWRSPRGHOVRQO\
$SSO\WKHIRDPWDSHDURXQGWKHRXWHUHGJH
RIWKHJODVV'RQRWRYHUODSWKHIRDPWDSHV
/2&$7(02817,1*3$576
5HPRYHWKHKROGGRZQEUDFNHWVIURPWKH
OLWHUDWXUHSDFNDJH
$77$&+%5$&.(7672&22.723
5HPRYHWKHVFUHZIURPWKHERWWRPRIWKH
FRRNWRSDQGVFUHZWKHKROGGRZQEUDFNHW
WRWKHVLGHRIWKHFRRNWRSXQLW5HSHDWIRURSSRVLWH
VLGHRIFRRNWRS
,16(57&22.723,172&87287
,QVHUWWKHFRRNWRSFHQWHUHGLQWRWKHFXWRXW
RSHQLQJ0DNHVXUHWKHIURQWHGJHRIWKHFRXQWHUWRS
LVSDUDOOHOWRWKHFRRNWRS0DNHILQDOFKHFNWKDWDOO
UHTXLUHGFOHDUDQFHVDUHPHW
2QFHWKHXQLWLVLQSODFHVFUHZWKHKROGGRZQ
EUDFNHWLQWRWKHFDELQHWVLGHVWRVHFXUHWKHXQLW
LQWRSODFH
6KXW2II
9DOYH (OHFWULFDO
2XWOHWs
%HORZ
&RXQWHUWRS
%RWWRPRIFRRNWRS
&ORWKXQGHU&RRNWRS
&RRNWRS
3UHGULOOHG
KROH
)RDP7DSHV
%RWWRP
RI&RRNWRS
&RRNWRS
*ODVV
)RDP7DSHV
%RWWRPRI&RRNWRS
&RRNWRS*ODVV


,QVWDOODWLRQ,QVWUXFWLRQV
,167$//$7,21³*$6&211(&7,216
3529,'($'(48$7(
*$66833/<
7KLVFRRNWRSLVGHVLJQHGWRRSHUDWHRQQDWXUDOJDV
DWsRIZDWHUFROXPQPDQLIROGSUHVVXUHDQGsRI
ZDWHUFROXPQ:&VXSSO\SUHVVXUH,WLVVKLSSHG
IURPWKHIDFWRU\VHWIRUQDWXUDOJDV7KHFRQYHUWLEOH
SUHVVXUHUHJXODWRUVXSSOLHGZLWKWKHXQLWPXVW
EHFRQQHFWHGLQVHULHVZLWKWKHPDQLIROGRIWKH
FRRNWRSDQGPXVWUHPDLQLQVHULHVZLWKWKHVXSSO\
OLQHUHJDUGOHVVRIZKHWKHUQDWXUDORU/3JDVLV
EHLQJXVHG
)253523(523(5$7,217+(0$;,080,1/(7
35(6685(727+(5(*8/$7250867%(12025(
7+$1s2):$7(5&2/80135(6685()RU
FKHFNLQJWKHUHJXODWRUWKHLQOHWSUHVVXUHPXVW
EHDWOHDVWs:&RU.3$JUHDWHUWKDQWKH
UHJXODWRURXWSXWVHWWLQJ,IWKHUHJXODWRULVVHWIRUs
:&RIZDWHUFROXPQSUHVVXUHWKHLQOHWSUHVVXUH
PXVWEHDWOHDVWs:&,IWKHUHJXODWRULVVHWIRU
s:&WKHLQOHWSUHVVXUHPXVWEHDWOHDVWs
:&7KHJDVVXSSO\OLQHWRWKHFRRNWRSVKRXOGEH
sRUsSLSH
,167$//5(*8/$725
1(9(55(86(2/'&211(&7256:+(1
,167$//,1*7+,6&22.723
:$51,1*1HYHUUHXVHROG
IOH[LEOHFRQQHFWRUV7KHXVHRIROGIOH[LEOH
FRQQHFWRUVFDQFDXVHJDVOHDNVDQGSHUVRQDO
LQMXU\$OZD\VXVHQHZIOH[LEOHFRQQHFWRUVZKHQ
LQVWDOOLQJDJDVDSSOLDQFH
7RUHGXFHWKHOLNHOLKRRGRIJDVOHDNVDSSO\WHIORQ
WDSHRUDWKUHDGFRPSRXQGDSSURYHGIRUXVHZLWK
/3RU1DWXUDOJDVHVWRDOOWKUHDGHGFRQQHFWLRQV
6FUHZDVHFWLRQRISLSHRQWR
WKHLQOHWHQGRIWKHSUHVVXUH
UHJXODWRUDQGLQVWDOOWKH
FRXSOLQJ
,167$//5(*8/$7252172
%851(5%2;%27720
6FUHZWKHUHJXODWRU
RQWR
WKHEXUQHUER[
ERWWRPSLSH
FRQQHFWLRQ
0DNHVXUHWKH
WRSRIWKHUHJXODWRU
LV
IDFLQJWRZDUGVWKH
FDELQHWIURQWHDVLO\
DFFHVVLEOHWKURXJK
WKHFDELQHWGRRUV
&203/(7(&211(&7,21:,7+$
&283/,1*
&RPSOHWHWKH
FRQQHFWLRQEHWZHHQ
WKHUHJXODWRUSLSH
FRXSOLQJDQG
WKHVKXWRIIYDOYH
3UHVVXUH
5HJXODWRU
3UHVVXUH
5HJXODWRU
6KXW2II
9DOYH
&RXSOLQJ
(OHFWULFDO
2XWOHWs
%HORZ
&RXQWHUWRS
&RXSOLQJ
3UHVVXUH
5HJXODWRU
6KXW2II
9DOYH
&RXSOLQJ
(OHFWULFDO
2XWOHWs
%HORZ
&RXQWHUWRS


,QVWDOODWLRQ,QVWUXFWLRQV

,167$//$7,2129(5
%8,/7,129(1
6HHEXLOWLQRYHQLQVWDOODWLRQIRUFRPSOHWH
LQVWDOODWLRQLQVWUXFWLRQV

&+(&.)25/($.6
%HIRUHWHVWLQJIRUOHDNVPDNHVXUHDOOEXUQHUNQREV
DUHLQWKH2))SRVLWLRQ
$IWHUFRQQHFWLQJWKHFRRNWRSWRJDVFKHFNV\VWHP
IRUOHDNVZLWKDPDQRPHWHU,IDPDQRPHWHULVQRW
DYDLODEOHWXUQWKHJDVVXSSO\RQWRWKHFRRNWRS
DQGXVHDOLTXLGOHDNGHWHFWRUDWDOOMRLQWVDQG
FRQQHFWLRQVWRFKHFNIRUOHDNV
7LJKWHQDOOFRQQHFWLRQVLIQHFHVVDU\WRSUHYHQWJDV
OHDNDJHLQWKHFRRNWRSRUVXSSO\OLQH
'212786(23(1)/$0(72&+(&.)25
/($.6
'LVFRQQHFWWKHFRRNWRSDQGLWVLQGLYLGXDOVKXWRII
YDOYHIURPWKHJDVVXSSO\SLSLQJV\VWHPGXULQJDQ\
SUHVVXUHWHVWLQJRIWKDWV\VWHPDWWHVWSUHVVXUHV
JUHDWHUWKDQSVLJN3D
,VRODWHWKHFRRNWRSIURPWKHJDVVXSSO\SLSLQJ
V\VWHPE\FORVLQJLWVLQGLYLGXDOVKXWRIIYDOYH
GXULQJDQ\SUHVVXUHWHVWLQJRIWKHJDVVXSSO\
V\VWHPDWWHVWSUHVVXUHVHTXDOWRRUOHVVWKDQ
SVLJN3D
s7R&HQWHURI
s'LD+ROH)URP
&RXQWHUWRS
s'LD+ROH
sIURPIURQW
RI&RXQWHUWRSWR
+ROH&HQWHU
&DELQHW6LGHV
(OERZ


,QVWDOODWLRQ,QVWUXFWLRQV
,167$//$7,21³(/(&75,&$/&211(&7,216
(;7(16,21&25'6
%HFDXVHRISRWHQWLDOVDIHW\KD]DUGVXQGHUFHUWDLQ
FRQGLWLRQVZHVWURQJO\UHFRPPHQGDJDLQVWWKH
XVHRIDQH[WHQVLRQFRUG+RZHYHULI\RXVWLOO
HOHFWWRXVHDQH[WHQVLRQFRUGLWLVDEVROXWHO\
QHFHVVDU\WKDWLWEHD8/OLVWHGZLUHJURXQGLQJ
W\SHDSSOLDQFHH[WHQVLRQFRUGDQGWKDWWKH
FXUUHQWFDUU\LQJUDWLQJRIWKHFRUGLQDPSHUHVEH
HTXLYDOHQWWRRUJUHDWHUWKDQWKHEUDQFKFLUFXLW
UDWLQJ6XFKH[WHQVLRQFRUGVDUHREWDLQDEOH
WKURXJK\RXUORFDODSSOLDQFHGHDOHU
,03257$173OHDVHUHDGFDUHIXOO\)25
3(5621$/6$)(7<7+,6$33/,$1&(0867%(
3523(5/<*5281'('
(/(&75,&$/6833/<$1'287/(7
$QDGHTXDWHHOHFWULFDOVXSSO\DQGRXWOHWPXVW
EHXVHGWRRSHUDWHWKHHOHFWULFDOSDUWVRI\RXU
FRRNWRS
$7KHSRZHUFRUGRIWKLVDSSOLDQFHLVHTXLSSHG
ZLWKDSURQJJURXQGLQJSOXJZKLFKPXVW
EHXVHGZLWKDSURSHUO\JURXQGHGKROH
RXWOHWZLWKDVWDQGDUG9ROWF\FOH$&
KRXVHKROGFXUUHQW
% ,I\RXGRQRWKDYHDKROHJURXQGHGRXWOHW
KDYHDTXDOLILHGHOHFWULFLDQFKDQJH\RXUROG
RQH
&$JURXQGLQJDGDSWRUZLOOEHQHHGHG
WRFRQYHUWWKHROGRQHXQWLOWKHRXWOHW
FDQEHUHSODFHG7KLVPHWKRGLVRQO\
WHPSRUDU\DQGDTXDOLILHGHOHFWULFLDQVKRXOG
WHVWLWWREHVXUHLWPHHWVUHTXLUHPHQWV

7:23521*:$//5(&(37$&/(
:KHUHDVWDQGDUGSURQJZDOOUHFHSWDFOHLV
HQFRXQWHUHGLWLVWKHSHUVRQDOUHVSRQVLELOLW\DQG
REOLJDWLRQRIWKHFXVWRPHUWRKDYHLWUHSODFHGZLWK
DSURSHUO\JURXQGHGSURQJZDOOUHFHSWDFOH
'RQRWXQGHUDQ\FLUFXPVWDQFHVFXWRUUHPRYH
JURXQGLQJSURQJIURPWKHFRRNWRSFRUG)DLOXUH
WRSURYLGHSURSHUSRODUL]DWLRQPD\FUHDWHD
KD]DUGRXVFRQGLWLRQ
1/
(QVXUHSURSHU
JURXQGDQG
ILUPFRQQHFWLRQ
EHIRUHXVH
:$51,1*³'LVFRQQHFWDOOHOHFWULFDO
SRZHUDWWKHPDLQFLUFXLWEUHDNHURUIXVHER[
EHIRUHLQVWDOOLQJ


,QVWDOODWLRQ,QVWUXFWLRQV
86$*(6,78$7,216:+(5(
$33/,$1&(32:(5&25'
:,//%(',6&211(&7('
,1)5(48(17/<
)RUDPSFLUFXLWRQO\'RQRWXVHDQDGDSWRU
RQDDPSFLUFXLW:KHUHORFDOFRGHVSHUPLWD
7(0325$5<&211(&7,21PD\EHPDGHWRDSURSHUO\
JURXQGHGWZRSURQJZDOOUHFHSWDFOHE\WKHXVHRID
8/OLVWHGDGDSWRUDYDLODEOHDWPRVWKDUGZDUHVWRUHV
7KHODUJHUVORWLQWKHDGDSWRUPXVWEHDOLJQHGZLWK
WKHODUJHVORWLQWKHZDOOUHFHSWDFOHWRSURYLGHSURSHU
SRODULW\LQWKHFRQQHFWLRQRIWKHSRZHUFRUG
&$87,21$WWDFKLQJWKHDGDSWRUJURXQG
WHUPLQDOWRWKHZDOOUHFHSWDFOHFRYHUVFUHZGRHVQRW
JURXQGWKHDSSOLDQFHXQOHVVWKHVFUHZLVPHWDODQG
QRWLQVXODWHGDQGWKHZDOOUHFHSWDFOHLVJURXQGHG
WKURXJKWKHKRXVHZLULQJ7KHFXVWRPHUVKRXOGKDYH
WKHFLUFXLWFKHFNHGE\DTXDOLILHGHOHFWULFLDQWRPDNH
VXUHWKHUHFHSWDFOHLVSURSHUO\JURXQGHG
:KHQGLVFRQQHFWLQJWKHSRZHUFRUGIURPWKH
DGDSWRUDOZD\VKROGWKHDGDSWRUZLWKRQHKDQG,I
WKLVLVQRWGRQHWKHDGDSWRUJURXQGWHUPLQDOLVYHU\
OLNHO\WREUHDNZLWKUHSHDWHGXVH6KRXOGWKLVKDSSHQ
'212786(WKHDSSOLDQFHXQWLODSURSHUJURXQGKDV
DJDLQEHHQHVWDEOLVKHG
8VDJHVLWXDWLRQZKHUHDSSOLDQFHSRZHUFRUGZLOOEH
GLVFRQQHFWHGIUHTXHQWO\
'RQRWXVHDQDGDSWRUSOXJLQWKHVHVLWXDWLRQV
EHFDXVHGLVFRQQHFWLRQRIWKHSRZHUFRUGSODFHV
XQGXHVWUDLQRQWKHDGDSWRUDQGOHDGVWRHYHQWXDO
IDLOXUHRIWKHDGDSWRUJURXQGWHUPLQDO7KHFXVWRPHU
VKRXOGKDYHWKHSURQJUHFHSWDFOHUHSODFHGZLWK
DSURQJJURXQGLQJUHFHSWDFOHE\DTXDOLILHG
HOHFWULFLDQEHIRUHXVLQJWKHDSSOLDQFH
(QVXUHSURSHUJURXQGDQGILUP
FRQQHFWLRQEHIRUHXVH
$OLJQODUJH
SURQJVVORWV
7HPSRUDU\0HWKRG
$GDSWRUSOXJVQRWSHUPLWWHGLQ&DQDGD


,QVWDOODWLRQ,QVWUXFWLRQV
&22.723%851(56
$66(0%/,1*7+(&22.723
%851(56
7KHHOHFWURGHRIWKHVSDUNLJQLWHULVH[SRVHG%H
FDUHIXOQRWWRSXVKDQ\FRRNWRSFRQWUROVZKLOHWKH
WRSRIWKHEXUQHULVUHPRYHG
'RQRWUHPRYHWKHWRSRUWRXFKWKHHOHFWURGH
RIDQ\EXUQHUZKLOHDQRWKHUEXUQHULVWXUQHGRQ
(OHFWULFDOVKRFNPLJKWUHVXOW
$5HSODFHWKHEXUQHUKHDGRQWRWKHEXUQHU
EDVHPDNLQJVXUHWKDWWKHKHDGLVSURSHUO\
RULHQWHGRYHUWKHEXUQHUEDVHDQGWKH
HOHFWURGH0DNHVXUHWRSODFH
WKHFRUUHFWEXUQHUKHDGRQWKHFRUUHFWEXUQHU
EDVHDQGWKDWWKHEXUQHUKHDGVLWVOHYHORQ
WKHEXUQHUEDVH7KHEXUQHUKHDGVDUHQRW
LQWHUFKDQJHDEOH
%3ODFHWKHEXUQHU
FDSVRQWKHEXUQHU
KHDGVPDNLQJVXUH
WRSODFHWKHFRUUHFW
EXUQHUFDSRQWKH
FRUUHFWEXUQHU
KHDG7KHEXUQHU
FDSVDUHQRW
LQWHUFKDQJHDEOH
0DNHVXUHWKDWWKH
EXUQHUFDSVDUH
SURSHUO\VHDWHGRQ
WKHEXUQHUKHDGV %XUQHUFDSQRWSURSHUO\VHDWHG
%XUQHUFDSSURSHUO\VHDWHG
&0DNHVXUHWKHSLQVLQ
WKHEXUQHUKHDGV
PDWFKWKHEXUQHU
EDVHLQGHQWDWLRQV
DQGWKDWWKH\DUH
SURSHUO\VHDWHGLQ
WKHPE\URWDWLQJWKH
KHDGVXQWLOWKH\DUH
OHYHO
 0DNHVXUHWKHVORWLQ
WKHEXUQHUKHDG
LVSRVLWLRQHG
RYHUWKH
HOHFWURGH7KH
EXUQHUFDSKDV
WKUHHWRIRXU
SLQV:KHQ
UHSODFLQJWKH
FDSPDNH
VXUHQRQHRI
WKHSLQVVLWV
LQWKHVWDELOLW\
FKDPEHU
 0DNHVXUHWKHKROH
LQWKHEXUQHUKHDG
DVVHPEO\LVSRVLWLRQHG
RYHUWKHHOHFWURGHDQG
WKDWWKHEXUQHUKHDGLV
IXOO\LQVHUWHGLQVLGHWKH
EXUQHUEDVH$VPDOO
JDSEHWZHHQWKHEDVH
DQGKHDGLVQRUPDO
/RFDWRU
SLQV
3LQ
LQGHQWDWLRQV
%XUQHU
EDVH
(OHFWURGH
%XUQHUKHDG
%XUQHUFDS
%XUQHUFDS
%XUQHUKHDG
DVVHPEO\
%XUQHU
EDVH
(OHFWURGH
%XUQHUFDS
%XUQHUKHDG
%XUQHUEDVH
(OHFWURGH
6WDELOLW\
FKDPEHU


,QVWDOODWLRQ,QVWUXFWLRQV
%851(5*5$7(6
7KHWKUHHFRRNWRSJUDWHVDUHGHVLJQHGIRU
VSHFLILFSRVLWLRQV)RUPD[LPXPVWDELOLW\WKHVH
JUDWHVVKRXOGRQO\EHXVHGLQWKHLUSURSHUSRVLWLRQ
WKH\VKRXOGQRWEHLQWHUFKDQJHG)RU\RXU
FRQYHQLHQFHWKHXQGHUVLGHVRIWKHOHIWDQGULJKW
JUDWHVDUHPDUNHG´2876,'(µDQG´,16,'(µ0DNH
VXUHWKDWWKHVLGHPDUNHG´2876,'(µLVRQWKHRXWHU
HGJHRI\RXUFRRNWRS0DNHVXUHWKDWWKHWDEV
RQHLWKHUVLGHRIWKHFHQWHUJUDWHILWLQWRWKHVORWV
ORFDWHGRQWKH´,16,'(µHGJH
RIWKHVLGHJUDWHV
&+(&.,*1,7(56
2SHUDWLRQRIWKHHOHFWULFLJQLWHUVVKRXOGEH
FKHFNHGDIWHUWKHFRRNWRSDQGVXSSO\OLQHKDYH
EHHQFDUHIXOO\FKHFNHGIRUOHDNVDQGWKHFRRNWRS
KDVEHHQFRQQHFWHGWRWKHHOHFWULFDOSRZHU
2QPRGHOVVRHTXLSSHGFKHFNWREHVXUHWKH
FRRNWRSLVLQWKH81/2&.('SRVLWLRQ
$3XVKDQGWXUQDEXUQHUYDOYHWRWKH/,7(
SRVLWLRQ$OOVSDUNLJQLWHUVZLOOPDNHDVHULHVRI
VSDUNVWLFNLQJVRXQGVEXWRQO\WKHEXUQHU
WXUQHGWR/,7(ZLOOOLJKW
 7KHEXUQHUVKRXOGOLJKWZKHQJDVLV
DYDLODEOHWRWKHEXUQHU
 2QFHWKHEXUQHUOLJKWVLWVKRXOGEHWXUQHG
RXWRIWKH/,7(SRVLWLRQ
%7U\HDFKYDOYHVHSDUDWHO\XQWLODOOEXUQHUV
KDYHEHHQFKHFNHG
%851(5,*1,7,21
&RRNWRS6SDUN,JQLWLRQ³:KHQ\RXWXUQWKH
FRRNWRSNQREWR/,7(WKHVSDUNLJQLWHUPDNHVD
VHULHVRIHOHFWULFVSDUNVWLFNLQJVRXQGVZKLFKOLJKW
WKHEXUQHU'XULQJDSRZHUIDLOXUHWKHEXUQHUVZLOO
QRWOLJKWDXWRPDWLFDOO\,QDQHPHUJHQF\DFRRNWRS
EXUQHUPD\EHOLWZLWKDPDWFKE\IROORZLQJWKH
VWHSVEHORZ
:$51,1*/LJKWLQJJDVEXUQHUVZLWKD
PDWFKLVGDQJHURXV<RXVKRXOGPDWFKOLJKWWKH
FRRNWRSEXUQHUVRQO\LQDQHPHUJHQF\
2QPRGHOVVRHTXLSSHGFKHFNWREHVXUHWKH
FRRNWRSLVLQWKH81/2&.('SRVLWLRQ
$/LJKWDPDWFKDQGKROGWKHIODPHQHDUWKH
EXUQHU\RXZDQWWROLJKW:RRGHQPDWFKHV
ZRUNEHVW
%3XVKLQDQGWXUQWKHFRQWURONQREVORZO\%H
VXUH\RXDUHWXUQLQJWKHFRUUHFWNQREIRUWKH
EXUQHU\RXDUHOLJKWLQJ
127(,IWKHEXUQHUGRHVQRWOLJKWZLWKLQILYHVHFRQGV
WXUQWKHNQRERIIDQGZDLWRQHPLQXWHEHIRUHWU\LQJ
DJDLQ
7+(%851(5)/$0(6
7XUQHDFKEXUQHURQ)ODPHVVKRXOGEHEOXHLQFRORU
ZLWKQRWUDFHRI\HOORZ7KHEXUQHUIODPHVVKRXOG
QRWIOXWWHURUEORZDZD\IURPWKHEXUQHU7KHIODPH
VKRXOGEHQROHVVWKDQsRQWKHORZHVWVHWWLQJ
DQGQRJUHDWHUWKDQsRQKLJKHVWVHWWLQJ
:$51,1*,I\RXDWWHPSWWRPHDVXUH
WKHIODPHSOHDVHXVHFDXWLRQ
%XUQVFRXOGUHVXOW
%XUQHUVVKRXOGEHFKHFNHGIUHTXHQWO\
&RRNWRS%XUQHU
sWR
s
´2876,'(µ
HGJH
´,16,'(µ
HGJHV
7DE
´2876,'(µ
HGJH
7DE


,QVWDOODWLRQ,QVWUXFWLRQV
23(5$7,21&+(&./,67
$0DNHVXUHDOOFRQWUROVDUHOHIWLQWKH2))
SRVLWLRQ&KHFNWREHVXUHWKHFRRNWRSLVLQWKH
81/2&.('SRVLWLRQRQPRGHOVVRHTXLSSHG
%0DNHVXUHWKHIORZRIDLUWRDQGIURPWKH
FRRNWRSLVXQREVWUXFWHG
&7KHVHULDOSODWHIRU\RXUFRRNWRSLVORFDWHGRQ
WKHERWWRPRIWKHEXUQHUER[,QDGGLWLRQWRWKH
PRGHODQGVHULDOQXPEHUVLWWHOOV\RXWKHUDWLQJV
RIWKHEXUQHUVDQGWKHW\SHRIIXHODQGSUHVVXUH
WKHFRRNWRSZDVDGMXVWHGIRUZKHQLWOHIWWKH
IDFWRU\
':KHQRUGHULQJSDUWVDOZD\VLQFOXGHWKHVHULDO
QXPEHUPRGHOQXPEHUDQGDFRGHOHWWHUWR
HQVXUHSURSHUUHSODFHPHQWSDUWV
(5HFKHFN6WHSV
'RXEOHFKHFNWRPDNHVXUHHYHU\WKLQJ
LQWKLVJXLGHKDVEHHQFRPSOHWHG5HFKHFNLQJ
VWHSVZLOOHQVXUHVDIHXVHRIWKHFRRNWRS


,QVWDOODWLRQ,QVWUXFWLRQV
0$.,1*7+(/3&219(56,21
6$)(7<,1)250$7,21<28
6+28/'.12:
7KHSUHVVXUHUHJXODWRUDQGEXUQHURULILFHVDUHVHW
IRUQDWXUDOJDV7RXVH/3JDVWKHUHJXODWRUDQG
EXUQHURULILFHVPXVWEHFRQYHUWHG7KH/3RULILFH
VSXGVIRUWKHFRRNWRSEXUQHUVFDQEHORFDWHGLQWKH
OLWHUDWXUHSDFNDJHDWWDFKHGWRWKHUHJXODWRU
&$87,217KHFRRNWRSDVVKLSSHGIURP
WKHIDFWRU\LVVHWIRUXVHZLWKQDWXUDOJDV,I\RX
ZLVKWRXVH\RXUFRRNWRSZLWK/3JDV\RXPXVW
ILUVWUHSODFHWKHRULILFHVDQGFRQYHUWWKHSUHVVXUH
UHJXODWRU
:$51,1*7KLVFRQYHUVLRQPXVW
EHSHUIRUPHGE\DTXDOLILHGLQVWDOOHURUJDVVXSSOLHU
LQDFFRUGDQFHZLWKWKHPDQXIDFWXUHU·VLQVWUXFWLRQV
DQGDOOFRGHVDQGUHTXLUHPHQWVRIWKHDXWKRULW\
KDYLQJMXULVGLFWLRQ)DLOXUHWRIROORZLQVWUXFWLRQVFRXOG
UHVXOWLQVHULRXVLQMXU\RUSURSHUW\GDPDJH7KH
TXDOLILHGDJHQF\SHUIRUPLQJWKLVZRUNDVVXPHV
UHVSRQVLELOLW\IRUWKHFRQYHUVLRQ
&$87,217KHIROORZLQJDGMXVWPHQWV
PXVWEHPDGHEHIRUHWXUQLQJRQWKHEXUQHU
)DLOXUHWRGRVRFRXOGUHVXOWLQVHULRXVLQMXU\%H
VXUHSUHVVXUHUHJXODWRUKDVEHHQFRQYHUWHGDV
GHVFULEHGLQ6WHS
$'-867<285&22.723)2586(
:,7+/3*$6
$'LVFRQQHFWDOOHOHFWULFDOSRZHUDWWKHPDLQ
FLUFXLWEUHDNHURUIXVHER[
%6KXWRIIWKHJDVVXSSO\WRWKHFRRNWRS
E\FORVLQJWKHPDQXDOVKXWRIIYDOYH
&$GMXVWWKHSUHVVXUHUHJXODWRUE\WKHIROORZLQJ
LQVWUXFWLRQV
 8QVFUHZWKHFDS
 3ODFH\RXUWKXPEDJDLQVWWKHIODWVLGHRIWKH
VSULQJUHWDLQHUDQGSUHVVGRZQWRUHPRYH
WKHUHWDLQHU
 &DUHIXOO\ORRNDWWKHVSULQJUHWDLQHUWRORFDWH
WKH1$7RU/3SRVLWLRQ
 7XUQWKHVSULQJUHWDLQHURYHUVRWKDW
/3LVVKRZLQJRQWKHERWWRP
 6QDSWKHUHWDLQHUEDFNLQWRSRVLWLRQ
 6FUHZWKHFDSEDFNRQWRWKHUHJXODWRU
DOWN
FOR OFF
NAT
LP
LP
NAT
LP
NAT
NAT
LP
*DVNHW
&DS
6SULQJ
5HWDLQHU
/33URSDQH
3RVLWLRQ
1$7
3RVLWLRQ
3UHVVXUH5HJXODWRU
722/6<28:,//1(('
)25/3&219(56,21
6DIHW\*ODVVHV
6PDOO)ODW+HDG
6FUHZGULYHUPPRU
µWLSVL]HPP
ORQJ
3KLOOLSV+HDG
6FUHZGULYHU
3OLHUV
PP1XWGULYHU
1R7RU[+HDG
'ULYHU
,)62/'2876,'(7+(86$1'&$1$'$
:$51,1*,I\RXZLVKWRXVHWKLVSURGXFW
ZLWK/LTXHILHG3HWUROHXP/3JDVFRQWDLQLQJJUHDWHU
WKDQEXWDQH\RXPXVWSXUFKDVHDEXWDQH
FRQYHUVLRQNLW7RRUGHUSOHDVHFDOORU

0RGHO %XWDQH.LW
-*3
=*8 :%7
3*3 :%7
-*3 :%7


,QVWDOODWLRQ,QVWUXFWLRQV
0$.,1*7+(/3&219(56,21&217
&+$1*(&22.723%851(5
25,),&(6
$5HPRYHWKHWRSJUDWHV
EXUQHUFDSVDQGEXUQHU
KHDGV
%5HPRYHWKHVSDUN
LJQLWHUVIURPWKHEXUQHU
EDVHLIUHTXLUHGWR
DFFHVVWKHRULILFHV
8VLQJD1R´7RU[µ
KHDGGULYHUELWUHPRYH
WKHVFUHZVKROGLQJWKH
EXUQHUEDVHLQSRVLWLRQ
&8VLQJDPPQXWGULYHU
UHPRYHWKHWRSEXUQHU
RULILFHV7KHVHPD\EH
DFFHVVHGWKURXJKWKH
KROHLQWKHFRRNWRS
%XUQHU
FDS
%XUQHU
KHDG
%XUQHU
EDVH
6SDUNLJQLWHU
%XUQHUFDS
%XUQHU
KHDG
%XUQHU
EDVH
6SDUNLJQLWHU
%78%XUQHU
RQVRPHPRGHOV
&+$1*(&22.723%851(5
25,),&(6&217
127(2QPRVWEXUQHUV
WKHRULILFHVKDYHDVSULQJ
ORDGHGUHWDLQLQJULQJDURXQG
WKHKH[KHDGWRKROGWKH
RULILFHLQWKHQXWGULYHUGXULQJ
LQVWDOODWLRQDQGUHPRYDO$
VOLJKWDPRXQWRIIRUFHLVUHTXLUHGWRSXVKWKHQXW
GULYHUGRZQRYHUWKHULQJ
5HPRYH7KLV
$VVHPEO\
2ULILFH6SXG/RFDWHG
7KURXJK7KLV2SHQLQJ
5HWDLQHU
5LQJ


,QVWDOODWLRQ,QVWUXFWLRQV
(,QVWDOOWKH/33URSDQHRULILFHVLQWKHLUSUHFLVH
ORFDWLRQVDVQRWHGLQWKHLOOXVWUDWLRQVDERYH
)5HWXUQWKHQDWXUDOJDVRULILFHVWRWKHEUDFNHW
DQGUHDWWDFKWKHEUDFNHWDQG
WKHLQVWUXFWLRQVKHHWWRWKHSUHVVXUHUHJXODWRU
XVLQJWKHVFUHZUHPRYHGSUHYLRXVO\
*5HSODFHWKHEXUQHUEDVHVKHDGVFDSVDQG
WRSJUDWHV127(:KHQUHDWWDFKLQJWKH
EXUQHUEDVHVWRJODVVWRSXQLWVWLJKWHQVFUHZV
WRDPD[LPXPRILQOEVWRUTXH
&+$1*(&22.723%851(5
25,),&(6&217
'/RFDWHWKH/33URSDQHRULILFHVVKLSSHG
LQVLGHWKHOLWHUDWXUHSDFNDJH7KH\
ZLOOKDYHDGLJLWQXPEHUDQGWKHOHWWHU´/µRQ
WKHVLGH,PSRUWDQW6DYHWKHRULILFHV
UHPRYHGIURPWKHDSSOLDQFH
IRUIXWXUHXVH
 (DFKRULILFHZLOOVKRZDVHULHVRIHQJUDYHG
PDUNV,,,,,,;RUQRQH
ORFDWHGRQWKHWRS
7KHVHPDUNVGHQRWHWKHSUHFLVHORFDWLRQRIHDFK
RULILFHWRWKHFRRNWRSEXUQHU
%78+5%XUQHURQVRPHPRGHOV
127(7KHPDLQRULILFHLVORFDWHGORZLQWKHFHQWHU
RIWKHEXUQHUZKLOHWKHVLPPHURULILFHLVORFDWHG
KLJKHUEHKLQGWKHFHQWHURIWKHEXUQHU
7KH%78+5EXUQHUKDVWZRRULILFHVZLWK
PDUNLQJVORFDWHGLQWKHVLGHVRQO\6HHUDWLQJ
SODWHRQERWWRPRIDSSOLDQFH
I II III X
0DLQRULILFH
6LPPHU
RULILFH
See
table
See
table
0RGHO )URQW/HIW
%XUQHU )URQW5LJKW %XUQHU
-*3 ,, ,,,
-*3
=*8. ,,, ;
3*3 ,,,
 5HSODFH :LWK
0DLQ +;1➔+;/
6LPPHU 1 ➔/


,QVWDOODWLRQ,QVWUXFWLRQV
$'-867%851(5)/$0(6
$7XUQDOOEXUQHUVIXOORQDQGFKHFNWKHIODPHV
7KH\VKRXOGEHEOXHLQFRORUZLWKVRPH\HOORZ
WLSSLQJDWWKHHQGVRIWKHIODPH)RUHLJQ
SDUWLFOHVLQWKHJDVOLQHPD\FDXVHDQRUDQJH
IODPHDWILUVWEXWWKLVZLOOVRRQGLVDSSHDU
127()RUWKH%78+5EXUQHURQVRPH
PRGHOVWKHFRRNWRSEXUQHUNQREVKRXOGEH
WXUQHGWRWKHVHWWLQJEHIRUHWKHORZHVWVHWWLQJ
7KLVZLOOHQVXUHWKDWWKHHQWLUHEXUQHULV
RSHUDWLQJ
%7XUQWKHFRRNWRSEXUQHUNQREWRWKHORZHVW
VHWWLQJZKLOHREVHUYLQJWKHIODPH
$GMXVWWKHORZIODPHVHWWLQJXVLQJWKHYDOYHE\SDVV
VFUHZDVIROORZV
/RZVHWWLQJDGMXVWPHQWVPXVWEHPDGHZLWKWZR
RWKHUEXUQHUVLQRSHUDWLRQRQDPHGLXPVHWWLQJ
7KLVSUHYHQWVWKHORZIODPHIURPEHLQJVHWWRRORZ
UHVXOWLQJLQWKHIODPHEHLQJH[WLQJXLVKHGZKHQ
RWKHUEXUQHUVDUHWXUQHGRQ
&7RDGMXVWWKHIODPHUHPRYHWKHNQREV,QVHUW
DVFUHZGULYHUWKURXJKWKHDFFHVVKROHLQYDOYH
VZLWFK(QJDJH
DGMXVWPHQWVFUHZLQ
YDOYH5HIHUWRWKH
LOOXVWUDWLRQEHORZWKDW
PDWFKHVWKHDGMXVWPHQW
VFUHZORFDWLRQIRU\RXU
PRGHO
 ,IWKHIODPHVZHUHWRR
VPDOORUIOXWWHUHGRSHQ
WKHYDOYHPRUHWKDQ
WKHRULJLQDOVHWWLQJ
 ,IWKHIODPHVEOHZ
DZD\IURPWKHEXUQHU
FORVHWKHYDOYHPRUH
WKDQWKHRULJLQDO
VHWWLQJ
'0DNHWKHDGMXVWPHQWE\VORZO\WXUQLQJWKH
VFUHZXQWLOIODPHDSSHDUDQFHLVFRUUHFW
1RWH6RPHPRGHOVPD\FRQWDLQDVLOLFRQHVKLHOGZKLFK
FRYHUVWKHYDOYHVZLWFKDQGDFFHVVKROH$IODVKOLJKWPD\
EHUHTXLUHGWRORFDWHWKHDFFHVVKROH7RDFFHVVWKHYDOYH
DGMXVWLQJVFUHZSXVKWKHVFUHZGULYHUWKURXJKWKLVVKLHOG
$IWHUDGMXVWPHQWUHVHDWWKHVKLHOGDURXQGWKHVZLWFKKXE
ZLWK\RXUILQJHUVDIWHUZLWKGUDZLQJWKHVFUHZGULYHU
(7HVWLQJ)ODPH6WDELOLW\
7HVW²7XUQWKHNQREIURP´+,µWRWKHORZHVW
VHWWLQJTXLFNO\,IWKHIODPHJRHVRXW
DWWKHORZHVWVHWWLQJLQFUHDVHWKH
IODPHVL]HDQGWHVWDJDLQ
7HVW²:LWKWKHEXUQHURQWKHORZHVWVHWWLQJ
RSHQDQGFORVHWKHFDELQHWGRRU
XQGHUWKHFRRNWRS,IWKHIODPHLV
H[WLQJXLVKHGE\WKHDLUFXUUHQWV
FUHDWHGE\WKHGRRUPRYHPHQW
LQFUHDVHWKHIODPHKHLJKWDQGWHVW
DJDLQ
))ODPH5HFKHFN
$IWHUWKHDGMXVWPHQWLVPDGHWXUQDOOEXUQHUVRII
,JQLWHHDFKEXUQHULQGLYLGXDOO\2EVHUYHWKHIODPH
DWWKH´+,µSRVLWLRQ5RWDWHWKHYDOYHWRWKHORZHVW
VHWWLQJDQGEHVXUHWKDWWKHIODPHVL]HGHFUHDVHV
DVWKHYDOYHLVURWDWHGFRXQWHUFORFNZLVH
72&219(577+(&22.723%$&.721$785$/
*$65(9(56(7+(67(3681'(50$.,1*7+(/3
&219(56,21
2QFHWKHFRQYHUVLRQLVFRPSOHWHDQGFKHFNHG
RNILOORXWWKH/3VWLFNHUDQGLQFOXGH\RXUQDPH
RUJDQL]DWLRQDQGGDWHFRQYHUVLRQZDVPDGH$SSO\
WKHVWLFNHUQHDUWKHFRRNWRSJDVLQOHWRSHQLQJWR
DOHUWRWKHUVLQWKHIXWXUHWKDWWKLVDSSOLDQFHKDV
EHHQFRQYHUWHGWR/3JDV,IFRQYHUWLQJEDFNWR
QDWXUDOJDVIURP/3SOHDVHUHPRYHWKHVWLFNHUVR
RWKHUVNQRZWKHDSSOLDQFHLVVHWWRXVHQDWXUDOJDV
0$.,1*7+(/3&219(56,21&217
.EXUQHU
RQO\
5HVHDWVLOLFRQHVKLHOG
&255(&7 ,1&255(&7


*(
4XHVWLRQV"$SSHOH]OH&HQWUHGHUpSRQVHRXYLVLWH]QRWUHVLWH
:HEjO·DGUHVVHZZZHOHFWURPHQDJHUVJHFD
,QVWUXFWLRQV 7DEOHGHFXLVVRQVFHOOpH
G·LQVWDOODWLRQ DXJD]GHFPs
$9$17'(&200(1&(5
$YDQWGHFRPPHQFHUOLVH]DWWHQWLYHPHQWODWRWDOLWp
GHFHVLQVWUXFWLRQV
,03257$17³&RQVHUYH]FHV
LQVWUXFWLRQVSRXUYRWUHLQVSHFWHXUORFDO
,03257$17³5HVSHFWH]WRXWHVOHV
RUGRQQDQFHVHWOHVFRGHVORFDX[
 1RWHjO·LQVWDOODWHXU²$VVXUH]YRXVGHODLVVH]FHV
LQVWUXFWLRQVDXFRQVRPPDWHXU
 1RWHDXFRQVRPPDWHXU²&RQVHUYH]FHV
LQVWUXFWLRQVSRXUUpIpUHQFHIXWXUH
 /DJDUDQWLHQHFRXYUHDXFXQHSDQQHGXHjXQH
PDXYDLVHLQVWDOODWLRQ
$9(57,66(0(17³
&HWDSSDUHLOGRLWrWUHELHQPLVjODWHUUH
 
,03257$17³9RXVGHYH]
YpULILHUTXHFHWDSSDUHLOQ·DLWSDVGHIXLWH
FRQIRUPpPHQWDX[LQVWUXFWLRQVGXIDEULFDQW
 /·LQVWDOODWHXUHVWUHVSRQVDEOHG·XQHERQQH
LQVWDOODWLRQHWODJDUDQWLHQHFRXYUHDXFXQH
SDQQHGXHjXQHPDXYDLVHLQVWDOODWLRQ
-*3-*33*3=*8
32859275(6e&85,7e
$9(57,66(0(17³
6LYRXVQHVXLYH]SDVH[DFWHPHQWOHVLQVWUXFWLRQV
GHFHPDQXHOYRXVULVTXH]G·RFFDVLRQQHUXQ
LQFHQGLHXQHH[SORVLRQ
RXXQHIXLWHGHJD]TXLSHXYHQWSURYRTXHUGHV
GRPPDJHVPDWpULHOVGHVEOHVVXUHVFRUSRUHOOHVRX
ODPRUW
1HFRQVHUYH]SDVRXQ·XWLOLVH]MDPDLVG·HVVHQFH
RXG·DXWUHVOLTXLGHVRXYDSHXUVLQIODPPDEOHVj
SUR[LPLWpGHFHWDSSDUHLO
RXGHWRXWDXWUHDSSDUHLOPpQDJHU

&,48(9286'(9(=)$,5(6,
92866(17(=/(*$=
1·HVVD\H]MDPDLVG·DOOXPHUXQDSSDUHLO
pOHFWURPpQDJHU1HWRXFKH]jDXFXQ
FRPPXWDWHXUG·pOHFWULFLWpQ·XWLOLVH]MDPDLVXQ
WpOpSKRQHGDQVYRWUHEkWLPHQW
$SSHOH]LPPpGLDWHPHQWYRWUHIRXUQLVVHXUGH
JD]jO·DLGHGXWpOpSKRQHG·XQYRLVLQ6XLYH]OHV
LQVWUXFWLRQVGHYRWUHIRXUQLVVHXUGHJD]
6LYRXVQHSRXYH]SDVHQWUHUHQFRQWDFWDYHF
YRWUHIRXUQLVVHXUGHJD]DSSHOH]
OHVSRPSLHUV
/·LQVWDOODWLRQHWOHVHUYLFHGHYRWUHWDEOHGHFXLVVRQ
GRLYHQWrWUHIDLWVSDUXQLQVWDOODWHXUTXDOLILpXQ
WHFKQLFLHQGHVHUYLFHRXYRWUHIRXUQLVVHXUGHJD]
$9(57,66(0(17³'pEUDQFKH]WRXW
FRXUDQWpOHFWULTXHDXQLYHDXGXGLVMRQFWHXUGHOD
PDLVRQRXGHODERvWHjIXVLEOHVDYDQWG·LQVWDOOHU


,QVWUXFWLRQVG·LQVWDOODWLRQ
,16758&7,216,03257$17(6'(6e&85,7e
/DFRQFHSWLRQGHYRWUHWDEOHGHFXLVVRQDpWp
DSSURXYpSDUO·$&125,QWHUQDWLRQDO9RXVWURXYHUH]
GHVSUpFDXWLRQVjSUHQGUHHQPDWLqUHGHVpFXULWp
GDQVYRWUH*XLGHG·XWLOLVDWLRQHWGHVRLQV/LVH]OHV
DWWHQWLYHPHQW
/·LQVWDOODWLRQGHYRWUHWDEOHGHFXLVVRQ
GRLWVHFRQIRUPHUDX[FRGHVORFDX[RXHQ
O·DEVHQFHGHFRGHVORFDX[DX1DWLRQDO)XHO*DV
&RGH$16,=1)3$'HUQLqUHpGLWLRQ
$VVXUH]YRXVTXHYRWUHWDEOHGHFXLVVRQVRLW
ELHQLQVWDOOpHSDUXQLQVWDOODWHXUTXDOLILpRXXQ
WHFKQLFLHQGHVHUYLFH
3RXUpOLPLQHUWRXWPRXYHPHQWFRUSRUHO
DXGHVVXVGHVEUOHXUVGHYRWUHWDEOHGHFXLVVRQ
pYLWH]GHSODFHUGHVDUPRLUHVGHFXLVLQHDX
GHVVXVGHVEUOHXUV
1·LQVWDOOH]MDPDLVYRWUHDSSDUHLOSUqVG·XQHSRUWH
G·HQWUpHRXGDQVXQHPSODFHPHQWRXQFRXUDQW
G·DLUSHXWJrQHUVRQXVDJH
%(62,16'·e/(&75,&,7e
&HWDSSDUHLOPpQDJHUGRLWrWUHOLYUpDYHFOHERQ
YROWDJHHWODERQQHIUpTXHQFHHWEUDQFKpjVRQ
SURSUHFLUFXLWGHGpULYDWLRQELHQPLVjODWHUUH
SURWpJpSDUXQGLVMRQFWHXURXXQIXVLEOHTXLRQW
O·DPSpUDJHQRWpVXUODSODTXHPLQpUDORJLTXHGH
YRWUHDSSDUHLO
1RXVYRXVUHFRPPDQGRQVGHIDLUHEUDQFKHUOH
FkEODJHpOHFWULTXHHWODILFKHGHYRWUHFXLVLQLqUH
SDUXQpOHFWULFLHQTXDOLILp$SUqVO·LQVWDOODWLRQ
GHPDQGH]jO·pOHFWULFLHQGHYRXVPRQWUHU
O·HPSODFHPHQWGHYRWUHFRXSHFLUFXLWSULQFLSDO
'HPDQGH]jYRWUHHQWUHSULVHGHVHUYLFHVSXEOLFVOHV
FRGHVpOHFWULTXHVHQYLJXHXU
GDQVYRWUHUpJLRQ(QQHFkEODQWSDVYRWUH
FXLVLQLqUHFRQIRUPpPHQWDX[FRGHVHQYLJXHXU
YRXVSURYRTXH]XQHVLWXDWLRQGDQJHUHXVH(Q
O·DEVHQFHGHFRGHVYRXVGHYH]FkEOHUHWLVROHU
YRWUHFXLVLQLqUHFRQIRUPpPHQWDX[H[LJHQFHVGX
&DQDGLDQ(OHFWULFDO&RGH
287,/6'2179286$85(=%(62,16
0$7e5,$8;'21792863289(=
$92,5%(62,1
3,Ê&(6&2035,6(6
6XSSRUWVGHIL[DWLRQ
5RELQHWG·DOLPHQWDWLRQ
GHJD]
5DFFRUGVGHWX\DX[
5DFFRUGIOH[LEOHGHJD]DSSURXYpSDUO·$&125
',PLQ··-RQFWLRQ137
$JHQWGHVFHOOHPHQW
GHWX\DX
6FLHVDXWHXVH
&UD\RQ
/XQHWWHVGHVpFXULWp
3HUFHXVHjPDLQRXpOHFWULTXH
HWIRUHWGHSR
5qJOHRUGLQDLUHRXGH
YpULILFDWLRQ
%DQGHVGHPRXVVH3RXU
OHVPRGqOHVjVXUIDFHHQ
YHUUHVHXOHPHQW
YLV
7RXUQHYLV3KLOOLSV
&OpjWX\DX


,QVWUXFWLRQVG·,QVWDOODWLRQ
/,67('(9e5,),&$7,21$9$17,167$//$7,21
$3RXUSUpSDUHUO·RXYHUWXUHGHODVXUIDFHGH
FXLVVRQYRXVGHYH]YRXVDVVXUHUTXH
O·LQWpULHXUGHO·DUPRLUHQHWRXFKHSDVODWDEOH
GHFXLVVRQFRQVXOWH]ODVHFWLRQVXUOD
SUpSDUDWLRQGHO·RXYHUWXUH
%(QOHYH]OHVPDWpULDX[G·HPEDOODJHOHV
ERvWHVGHJULOOHOHUpJXODWHXUDYHFVD
GRFXPHQWDWLRQHWODGRFXPHQWDWLRQGH
YRWUHWDEOHGHFXLVVRQDYDQWGHFRPPHQFHU
jO·LQVWDOOHU
'RFXPHQWDWLRQ
(PEDOODJH
HQPRXVVH
7DEOHGH
FXLVVRQ
%RvWHVGH
JULOOH
&(QOHYH]OHVLQVWUXFWLRQVG·LQVWDOODWLRQGHOD
WURXVVHGHGRFXPHQWDWLRQHWOLVH]OHV
VRLJQHXVHPHQWDYDQWGHFRPPHQFHU
 $VVXUH]YRXVGHELHQUDQJHUWRXWHOD
GRFXPHQWDWLRQOHPDQXHOG·XWLOLVDWLRQHW
G·HQWUHWLHQHWFGDQVXQHQGURLWVUSRXU
UpIpUHQFHIXWXUH
'$VVXUH]YRXVG·DYRLUWRXVOHVRXWLOVHWWRXV
OHVPDWpUDX[QpFHVVDLUHVDYDQWGH
FRPPHQFHUjLQVWDOOHUYRWUHWDEOHGH
FXLVVRQ
(9RWUHPDLVRQGRLWrWUHDOLPHQWpHHQFRXUDQW
pOHFWULTXHDGpTXDWSRXUYRXVSHUPHWWUHGH
ELHQXWLOLVHUHQWRXWHVpFXULWpYRWUHWDEOHGH
FXLVVRQ&RQVXOWH]ODVHFWLRQVXUOHVEHVRLQV
G·pOHFWULFLWp
)3RXULQVWDOOHUYRWUHWDEOHGHFXLVVRQGDQV
YRWUHPDLVRQDVVXUH]YRXVGHYRXV
FRQIRUPHUVFUXSXOHXVHPHQWjWRXVOHV
FRGHVHWjWRXWHVOHVRUGRQQDQFHVORFDOHV
*$VVXUH]YRXVTXHOHVUHYrWHPHQWV
GHPXUOHFRPSWRLUHWOHVDUPRLUHVDXWRXU
GHODWDEOHGHFXLVVRQSXLVVHQWVXSSRUWHUOD
FKDOHXU>SRXYDQWDWWHLQGUH&)@
SURGXLWHSDUODWDEOHGHFXLVVRQ


,QVWUXFWLRQVG·,QVWDOODWLRQ
35e3$5$7,21'(/·289(5785(
 9286'(9(=5(63(&7(5/(6
'e*$*(0(1760,1,0$8;
68,9$17
3 3/4 MIN.
(03/$&(0(175(&200$1'e'(
/·$/,0(17$7,21'(*$=
3$57,5'8085$55,Ê5(
$6685(=928648(/(6
5(9Ç7(0(176085/(
&20372,5(7/(6$502,5(6
$87285'(/$7$%/('(
&8,662138,66(176833257(5
/$&+$/(853289$17
$77(,1'5(&>)@
3URIRQGHXUPD[GHFPsGHV
DUPRLUHVHQVXUSORPEQRQSURWpJpHV 'pJDJHPHQWPLQGH
FPsGpFRXSDJHDX
PXUGHF{WpjGURLWHGH
O·DSSDUHLO
+DXWHXUPLQ
GHFPs
GXFRPSWRLU
jO·DUPRLUHOD
SOXVSURFKHGH
FKDTXHF{WpGH
O·DSSDUHLO
'pJDJHPHQWPLQ
GHFPsGX
GpFRXSDJHDXPXUGH
F{WpGURLWHGHO·DSSDUHLO
FPsPLQGXPXUDUULqUH
(PSODFHPHQW
UHFRPPDQGpGH
O·DOLPHQWDWLRQ
GHJD] 'X
GpFRXSDJHi
ODOLJQH
GXFHQWUH
',0(16,216'8'e&283$*('(
/$7$%/('(&8,6621
',0(16,216727$/(6'(/$
7$%/('(&8,6621
 3RXUDVVXUHUODMXVWHVVHGXGpFRXSDJH
LOYDXWPLHX[IDLUHXQJDEDULWSRXUFRXSHU
O·RXYHUWXUHGDQVOHFRPSWRLU
7DEOHGHFXLVVRQ
/DUJHXUGXGpFRXSDJH
FPs
FP
s
FPSRORQJXHXU
GXGpFRXSDJH
'LVWDQFHPLQGHFP
sGHGpFRXSDJHDX
PXUGHUULqUHODWDEOHGH
FXLVVRQ
FPs
FPs
FPs
FPs
FPs'LVWDQFHPLQ
GHO·DUrWHDYDQWGXGpFRXSDJH
GHO·DUUrWHDYDQWGHODWDEOHGH
FXLVVRQ
FPsFP>s@
PD[SRXUWDEOHGHFXLVVRQHQ
YHUUH
5(0$548(WRXVOHVPRGqOHVGHVXUIDFH
jFXLVVRQDXJD]UHTXLqUHQWXQGpJDJHPHQW
GHFPSRVRXVODKDXWHXUGHODVXUIDFH
SRXUODPDWLqUHFRPEXVWLEOH
'pJDJHPHQWPLQGHFPsGX
FRPSWRLUjODVXUIDFHHQQRQVXUSORPE
QRQSURWpJpHV
/HVUHYrWHPHQWVGH
PXUOHVDUPRLUHVHW
OHFRPSWRLUGRLYHQW
SRXYRLUVXSSRUWHU
XQHFKDOHUXSRXYDQW
DWWHLQGUH&)