Heat & Glo EXCLAIM-36 User manual


2ZQHU¶V0DQXDO
,QVWDOODWLRQDQG2SHUDWLRQ
0RGHOV
(;&/$,0
(;&/$,0
:RRG%XUQLQJ)LUHSODFH
'2127',6&$5'7+,60$18$/
127,&(
 ,PSRUWDQW RSHUDWLQJ
DQG PDLQWHQDQFH
LQVWUXFWLRQVLQFOXGHG
 /HDYHWKLVPDQXDOZLWK
SDUW\ UHVSRQVLEOH IRU
XVHDQGRSHUDWLRQ
 5HDG XQGHUVWDQG
DQG IROORZ WKHVH
LQVWUXFWLRQV IRU VDIH
LQVWDOODWLRQ DQG
RSHUDWLRQ
DO NOT
DISCARD
,QVWDOODWLRQDQGVHUYLFHRIWKLV¿UHSODFH
VKRXOGEHSHUIRUPHGE\TXDOL¿HGSHUVRQQHO
+HDUWK+RPH7HFKQRORJLHVVXJJHVWV1),
FHUWL¿HGRUIDFWRU\WUDLQHGSURIHVVLRQDOVRU
WHFKQLFLDQVVXSHUYLVHGE\DQ
1),FHUWL¿HGSURIHVVLRQDO
)LUH5LVN
 )RUXVHZLWKVROLGZRRGIXHORUGHFRUDWLYH
JDVDSSOLDQFHRQO\
 '2127LQVWDOOXQYHQWHGJDVORJV
:$51,1*
,IWKHLQIRUPDWLRQLQWKHVHLQVWUXF
WLRQVLVQRWIROORZHGH[DFWO\D
¿UHPD\UHVXOWFDXVLQJSURSHUW\
GDPDJHSHUVRQDOLQMXU\RUGHDWK
 'RQRWVWRUHRUXVHJDVROLQHRURWKHUÀDP
PDEOHYDSRUVDQGOLTXLGVLQWKHYLFLQLW\RI
WKLVRUDQ\RWKHUDSSOLDQFH
 'RQRWRYHU¿UH2YHU¿ULQJZLOOYRLG\RXU
ZDUUDQW\
 &RPSO\ZLWKDOOPLQLPXPFOHDUDQFHVWR
FRPEXVWLEOHVDVVSHFL¿HG)DLOXUHWR
FRPSO\PD\FDXVHKRXVH¿UH
:$51,1* :$51,1*
+RWVFUHHQPHVKDQGJODVVGRRUVZLOOFDXVHEXUQV
 '2 127 WRXFK VFUHHQPHVK RU JODVV GRRUV XQWLO
FRROHG
 1(9(5DOORZFKLOGUHQWRWRXFKVFUHHQPHVKRUJODVV
GRRUV
 .HHSFKLOGUHQDZD\
 &$5()8//<683(59,6(FKLOGUHQLQVDPHURRPDV
¿UHSODFH
 $OHUW FKLOGUHQ DQG DGXOWV WR KD]DUGV RI KLJK
WHPSHUDWXUHV
+LJK WHPSHUDWXUHV PD\ LJQLWH FORWKLQJ RU RWKHU
ÀDPPDEOHPDWHULDOV
 .HHS FORWKLQJ IXUQLWXUH GUDSHULHV DQG RWKHU
ÀDPPDEOHPDWHULDOVDZD\
+27685)$&(6
6FUHHQPHVKJODVVGRRUV
DQGRWKHUVXUIDFHVDUHKRW
GXULQJRSHUDWLRQ$1'FRRO
GRZQ
+HDW*OR(;&/$,0(;&/$,05HY-


5HDGWKLVPDQXDOEHIRUHLQVWDOOLQJRURSHUDWLQJWKLV¿UHSODFH
3OHDVHUHWDLQWKLVRZQHU¶VPDQXDOIRUIXWXUHUHIHUHQFH
+RPHRZQHU5HIHUHQFH,QIRUPDWLRQ
0RGHO1DPH  'DWHSXUFKDVHGLQVWDOOHG
6HULDO1XPEHU  /RFDWLRQRQ¿UHSODFH
'HDOHUVKLSSXUFKDVHGIURP  'HDOHUSKRQH
1RWHV  


:HUHFRPPHQGWKDW\RXUHFRUGWKHIROORZLQJSHUWLQHQW
LQIRUPDWLRQDERXW\RXU¿UHSODFH
/LVWLQJ/DEHO,QIRUPDWLRQ/RFDWLRQ
7KHPRGHOLQIRUPDWLRQUHJDUGLQJ\RXUVSHFL¿F¿UHSODFHFDQEHIRXQGRQWKHUDWLQJSODWHORFDWHGRQWKHVPRNHVKLHOGRI
WKH¿UHSODFH
&RQJUDWXODWLRQV
*UDWH )LUHSODFH
0RGHO
6HULDO
1XPEHU
1RWH$QDUURZIRXQGLQWKHWH[WVLJQL¿HVFKDQJHLQFRQWHQW
Î
+HDW*OR(;&/$,0(;&/$,05HY-
&RQJUDWXODWLRQVRQVHOHFWLQJD+HDW*ORZRRGEXUQLQJ
¿UHSODFH7KH+HDWLODWRU¿UHSODFH\RXKDYHVHOHFWHGLV
GHVLJQHGWRSURYLGHWKHXWPRVWLQVDIHW\UHOLDELOLW\DQG
HI¿FLHQF\
$VWKHRZQHURIDQHZ¿UHSODFH\RX¶OOZDQWWRUHDGDQG
FDUHIXOO\IROORZDOORIWKHLQVWUXFWLRQVFRQWDLQHGLQWKLV
RZQHU¶VPDQXDO3D\VSHFLDODWWHQWLRQWRDOOFDXWLRQVDQG
ZDUQLQJV
7KLVRZQHU¶VPDQXDOVKRXOGEHUHWDLQHGIRUIXWXUHUHIHU
HQFH:HVXJJHVW\RXNHHSLWZLWK\RXURWKHULPSRUWDQW
GRFXPHQWVDQGSURGXFWPDQXDOV
7KHLQIRUPDWLRQFRQWDLQHGLQWKLVRZQHU¶VPDQXDOXQOHVV
QRWHGRWKHUZLVHDSSOLHVWRDOOPRGHOVDQGJDVFRQWURO
V\VWHPV
<RXUQHZ+HDWLODWRUZRRGEXUQLQJ¿UHSODFHZLOOJLYH\RX
\HDUVRIGXUDEOHXVHDQGWURXEOHIUHHHQMR\PHQW:HO
FRPHWRWKH+HDW*ORIDPLO\RI¿UHSODFHSURGXFWV
),5(3/$&(12
02'(/12
02'(/12
0)*'$7(
:$51,1*5,6.2)
),5('$0$*(5(3/$&(
*5$7(:,7++($57++20( 
7(&+12/2*,(6,1&
),5(&+$0%(5,17(1'(')2586(:,7++($57++20(7(&+12/2*,(6,1&/,67('),5(3/$&(3$5766((,167$//$7,21$1'
23(5$7,1*,16758&7,216)257+,602'(/21/<+($57++20(7(&+12/2*,(6,1&*/$66'225.,76&$1%(,167$//('217+,681,7
),5(3/$&($/62)2586(
,10$18)$&785('+20(6
<(6 12
&/($5$1&(72
&20%867,%/(6
&+,01(<
,10,1
),5(%2;
,1
0,1
)$1.,7
02'(/12
 5$7('$7
92/76+] $03
'212729(5),5(86(21/<62/,':22')8(/25
/,67(''(&25$7,9(*$6$33/,$1&('212786($
),5(3/$&(,16(572527+(5352'8&76127
63(&,),(')2586(:,7+7+,6352'8&7,)'2256
$5(86('23(5$7(),5(3/$&(:,7+'2256)8//<
23(125&/26('21/<:+(1%851,1*$
'(&25$7,9(*$6$33/,$1&(,17+(),5(3/$&(
$'-867'$03(5727+()8//<23(1326,7,21
:$51,1*7+,6),5(3/$&(+$6127%((17(67(':,7+$1819(17('
*$6/2*6(7725('8&(7+(5,6.2)),5(25,1-85<'2127
,167$//$1819(17('*$6/2*6(7,172),5(3/$&(
:$51,1*7+,6$33/,$1&(,6127)2586($6&22.,1*(48,30(17
,),167$//$7,212523(5$7,1*,16758&7,216$5(0,66,1*
&217$&7+($57++20(7(&+12/2*,(6,1&
:6$81'(5667073/($6$17,$



 6DIHW\$OHUW.H\
 '$1*(5,QGLFDWHVDKD]DUGRXVVLWXDWLRQZKLFKLIQRWDYRLGHGZLOOUHVXOWLQGHDWKRUVHULRXVLQMXU\
 :$51,1*,QGLFDWHVDKD]DUGRXVVLWXDWLRQZKLFKLIQRWDYRLGHGFRXOGUHVXOWLQGHDWKRUVHULRXVLQMXU\
 &$87,21,QGLFDWHVDKD]DUGRXVVLWXDWLRQZKLFKLIQRWDYRLGHGFRXOGUHVXOWLQPLQRURUPRGHUDWHLQMXU\
 127,&(,QGLFDWHVSUDFWLFHVZKLFKPD\FDXVHGDPDJHWRWKH¿UHSODFHRUWRSURSHUW\

7DEOHRI&RQWHQWV
&RQJUDWXODWLRQV 
:DUUDQW\ 
 /LVWLQJDQG&RGH$SSURYDOV  
$ $SSOLDQFH&HUWL¿FDWLRQ 
% 1RQ&RPEXVWLEOH0DWHULDOV 
& &RPEXVWLEOH0DWHULDOV 
8VHU*XLGH
 2SHUDWLQJ,QVWUXFWLRQV  
$ <RXU)LUHSODFH 
% 6HDVRQHG:RRG 
& 6WDUWLQJD)LUH 
' *UDWH 
( )LUHVFUHHQ 
) )OXH'DPSHU 
* 5HIUDFWRU\ 
+ *ODVV'RRUV 
, 2XWVLGH$LURSWLRQDO 
- 9HQWHG*DV/RJ6HWV*DV/RJ/LJKWHUV 
. 2SWLRQDO&RPSRQHQWV 
/ &OHDU6SDFH 
0 :RRG)XHO 
 0DLQWDLQDQFHDQG6HUYLFH  
$ 'LVSRVDORI$VKHV 
% &KLPQH\,QVSHFWLRQ&OHDQLQJ 
& &KHFN)LUHER[5HIUDFWRU\ 
' ,QVSHFW*UDWH 
( *ODVV&OHDQLQJ 
 7URXEOHVKRRWLQJ*XLGH  
,QVWDOOHU*XLGH
 *HWWLQJ6WDUWHG  
$ 7\SLFDO)LUHSODFH6\VWHP 
% 'HVLJQDQG,QVWDOODWLRQ&RQVLGHUDWLRQV 
& 'UDIW 
' 1HJDWLYH3UHVVXUH 
( /RFDWLQJ)LUHSODFH&KLPQH\ 
) 7RROVDQG6XSSOLHV1HHGHG 
* )LUHSODFH6\VWHP5HTXLUHPHQWV 
+ ,QVSHFW)LUHSODFHDQG&RPSRQHQWV 
 )UDPLQJ&OHDUDQFHV  
$ 6HOHFW)LUHSODFH/RFDWLRQ 
% &OHDUDQFHV 
& 6LGHZDOOV6XUURXQGV 
' )UDPHWKH)LUHSODFH 
 ,QVWDOODWLRQRI)LUHSODFH  
$ 7KLQJVWR&RQVLGHU 
% 8QSDFNWKH)LUHSODFH(;&/$,0RQO\ 
& 6HFXUHWKH)LUHSODFH(;&/$,0RQO\ 
' 8QSDFNWKH)LUHSODFH(;&/$,0RQO\ 
( 3RVLWLRQWKH)LUHSODFH(;&/$,0RQO\ 
) ,QVWDOOWKH5HIUDFWRU\(;&/$,0RQO\ 
* 3ODFH3URWHFWLYH0HWDO+HDUWK6WULSV 
+ /HYHO)LUHSODFH 
, ,QVWDOO2XWVLGH$LU.LW 
 &KLPQH\$VVHPEO\  
$ &KLPQH\5HTXLUHPHQWV 
% 8VLQJ2IIVHWV5HWXUQV 
& $VVHPEOH&KLPQH\6HFWLRQV 
' ,QVWDOO&KLPQH\$LU.LW 
( ,QVWDOO&HLOLQJ)LUHVWRSV 
) ,QVWDOO$WWLF,QVXODWLRQ6KLHOG 
* &XWRXW+ROHLQ5RRI 
+ &RPSOHWH,QVWDOODWLRQ 
, ,QVWDOO)ODVKLQJ 
- &KLPQH\7HUPLQDWLRQ5HTXLUHPHQWV 
 &KDVH,QVWDOODWLRQV  
$ &RQVWUXFWWKH&KDVH 
% ,QVWDOO)LUHSODFH&KLPQH\ 
& ,QVWDOO&KDVH7RS 
' ,QVWDOO7HUPLQDWLRQ&DS 
 6KURXGV  
$ 5DGLDWLRQ6KLHOG 
% )LHOG&RQVWUXFWHG6KURXGV 
 )LQLVKLQJ  
$ 1RQ&RPEXVWLEOH0DWHULDOV 
% &RPEXVWLEOH0DWHULDOV 
& +HDUWK([WHQVLRQ 
' )LQLVKLQJ0DWHULDO 
( &RPEXVWLEOH0DQWHO 
) 6LGHZDOOV6XUURXQGV 
 $FFHVVRULHV  
$ *DV/RJ/LJKWHU3URYLVLRQ 
% :RRG%XUQLQJ,QVHUWV 
 5HIHUHQFH0DWHULDOV  
$ )LUHSODFH'LPHQVLRQV 
% 2SWLRQDO&RPSRQHQWV 
& &KLPQH\&RPSRQHQWV 
'6HUYLFH3DUWV 
( &RQWDFW,QIRUPDWLRQ 
Î
+HDW*OR(;&/$,0(;&/$,05HY-


:DUUDQW\
+HDUWK+RPH7HFKQRORJLHV,QF
/,0,7('/,)(7,0(:$55$17<
+HDUWK+RPH7HFKQRORJLHV,QFRQEHKDOIRILWVKHDUWKEUDQGV´++7´H[WHQGVWKHIROORZLQJZDUUDQW\IRU
++7JDVZRRGSHOOHWFRDODQGHOHFWULFKHDUWKDSSOLDQFHVWKDWDUHSXUFKDVHGIURPDQ++7DXWKRUL]HGGHDOHU
:$55$17<&29(5$*(
++7ZDUUDQWVWRWKHRULJLQDORZQHURIWKH++7DSSOLDQFHDWWKHVLWHRILQVWDOODWLRQDQGWRDQ\WUDQVIHUHHWDNLQJRZQHUVKLS
RIWKHDSSOLDQFHDWWKHVLWHRILQVWDOODWLRQZLWKLQWZR\HDUVIROORZLQJWKHGDWHRIRULJLQDOSXUFKDVHWKDWWKH++7DSSOLDQFH
ZLOOEHIUHHIURPGHIHFWVLQPDWHULDOVDQGZRUNPDQVKLSDWWKHWLPHRIPDQXIDFWXUH$IWHULQVWDOODWLRQLIFRYHUHGFRPSR
QHQWVPDQXIDFWXUHGE\++7DUHIRXQGWREHGHIHFWLYHLQPDWHULDOVRUZRUNPDQVKLSGXULQJWKHDSSOLFDEOHZDUUDQW\SHULRG
++7ZLOODWLWVRSWLRQUHSDLURUUHSODFHWKHFRYHUHGFRPSRQHQWV++7DWLWVRZQGLVFUHWLRQPD\IXOO\GLVFKDUJHDOORILWV
REOLJDWLRQVXQGHUVXFKZDUUDQWLHVE\UHSODFLQJWKHSURGXFWLWVHOIRUUHIXQGLQJWKHYHULILHGSXUFKDVHSULFHRIWKHSURGXFW
LWVHOI7KHPD[LPXPDPRXQWUHFRYHUDEOHXQGHUWKLVZDUUDQW\LVOLPLWHGWRWKHSXUFKDVHSULFHRIWKHSURGXFW7KLVZDUUDQW\
LVVXEMHFWWRFRQGLWLRQVH[FOXVLRQVDQGOLPLWDWLRQVDVGHVFULEHGEHORZ
:$55$17<3(5,2'
:DUUDQW\FRYHUDJHEHJLQVRQWKHGDWHRIRULJLQDOSXUFKDVH,QWKHFDVHRIQHZKRPHFRQVWUXFWLRQZDUUDQW\FRYHUDJH
EHJLQVRQWKHGDWHRIILUVWRFFXSDQF\RIWKHGZHOOLQJRUVL[PRQWKVDIWHUWKHVDOHRIWKHSURGXFWE\DQLQGHSHQGHQW
DXWKRUL]HG++7GHDOHUGLVWULEXWRUZKLFKHYHURFFXUVHDUOLHU7KHZDUUDQW\VKDOOFRPPHQFHQRODWHUWKDQPRQWKV
IROORZLQJWKHGDWHRISURGXFWVKLSPHQWIURP++7UHJDUGOHVVRIWKHLQVWDOODWLRQRURFFXSDQF\GDWH7KHZDUUDQW\SHULRGIRU
SDUWVDQGODERUIRUFRYHUHGFRPSRQHQWVLVSURGXFHGLQWKHIROORZLQJWDEOH
7KHWHUP³/LPLWHG/LIHWLPH´LQWKHWDEOHEHORZLVGHILQHGDV\HDUVIURPWKHEHJLQQLQJGDWHRIZDUUDQW\FRYHUDJHIRU
JDVDSSOLDQFHVDQG\HDUVIURPWKHEHJLQQLQJGDWHRIZDUUDQW\FRYHUDJHIRUZRRGSHOOHWDQGFRDODSSOLDQFHV7KHVH
WLPHSHULRGVUHIOHFWWKHPLQLPXPH[SHFWHGXVHIXOOLYHVRIWKHGHVLJQDWHGFRPSRQHQWVXQGHUQRUPDORSHUDWLQJFRQGLWLRQV
6HHFRQGLWLRQVH[FOXVLRQVDQGOLPLWDWLRQVRQQH[WSDJH
3DUWV /DERU *DV :RRG 3HOOHW (3$
:RRG &RDO (OHFWULF 9HQWLQJ
;;;;;;;
$OOSDUWVDQGPDWHULDOH[FHSWDV
FRYHUHGE\&RQGLWLRQV
([FOXVLRQVDQG/LPLWDWLRQV
OLVWHG
;;; ,JQLWHUVHOHFWURQLFFRPSRQHQWV
DQG
J
ODVV
;;;;; )DFWRU
\
LQVWDOOHGEORZHUV
; 0ROGHGUHIUDFWRU
\

S
DQHOV
;)LUH
S
RWVDQGEXUQ
S
RWV

\
HDUV 
\
HDU ; ; &DVWLQ
J
VDQGEDIIOHV
\HDUV \HDUV ; ; ; 0DQLIROGWXEHV
++7FKLPQH
\
DQGWHUPLQDWLRQ

\
HDUV \HDU ; %XUQHUVORJVDQGUHIUDFWRU\
/LPLWHG
/LIHWLPH \HDUV;;;;; )LUHER[DQGKHDWH[FKDQJHU
;;;;;;; $OOUHSODFHPHQWSDUWV
EH
\
RQGZDUUDQW
\

S
HULRG
:DUUDQW\3HULRG ++70DQXIDFWXUHG$SSOLDQFHVDQG9HQWLQJ
<HDU
&RPSRQHQWV&RYHUHG
\HDUV
\HDUV
'D\V
+HDW*OR(;&/$,0(;&/$,05HY-


:$55$17<&21',7,216
 7KLVZDUUDQW\RQO\FRYHUV++7DSSOLDQFHVWKDWDUHSXUFKDVHGWKURXJKDQ++7DXWKRUL]HGGHDOHURUGLVWULEXWRU$OLVWRI
++7DXWKRUL]HGGHDOHUVLVDYDLODEOHRQWKH++7EUDQGHGZHEVLWHV
 7KLVZDUUDQW\LVRQO\YDOLGZKLOHWKH++7DSSOLDQFHUHPDLQVDWWKHVLWHRIRULJLQDOLQVWDOODWLRQ
 &RQWDFW\RXULQVWDOOLQJGHDOHUIRUZDUUDQW\VHUYLFH,IWKHLQVWDOOLQJGHDOHULVXQDEOHWRSURYLGHQHFHVVDU\SDUWVFRQWDFW
WKHQHDUHVW++7DXWKRUL]HGGHDOHURUVXSSOLHU$GGLWLRQDOVHUYLFHIHHVPD\DSSO\LI\RXDUHVHHNLQJZDUUDQW\VHUYLFH
IURPDGHDOHURWKHUWKDQWKHGHDOHUIURPZKRP\RXRULJLQDOO\SXUFKDVHGWKHSURGXFW
 &KHFNZLWK\RXUGHDOHULQDGYDQFHIRUDQ\FRVWVWR\RXZKHQDUUDQJLQJDZDUUDQW\FDOO7UDYHODQGVKLSSLQJFKDUJHV
IRUSDUWVDUHQRWFRYHUHGE\WKLVZDUUDQW\
7KLVZDUUDQW\LVYRLGLI
 7KHDSSOLDQFHKDVEHHQRYHUILUHGRURSHUDWHGLQDWPRVSKHUHVFRQWDPLQDWHGE\FKORULQHIOXRULQHRURWKHUGDPDJLQJ
FKHPLFDOV2YHUILULQJFDQEHLGHQWLILHGE\EXWQRWOLPLWHGWRZDUSHGSODWHVRUWXEHVUXVWFRORUHGFDVWLURQEXEEOLQJ
FUDFNLQJDQGGLVFRORUDWLRQRIVWHHORUHQDPHOILQLVKHV
 7KHDSSOLDQFHLVVXEMHFWHGWRSURORQJHGSHULRGVRIGDPSQHVVRUFRQGHQVDWLRQ
 7KHUHLVDQ\GDPDJHWRWKHDSSOLDQFHRURWKHUFRPSRQHQWVGXHWRZDWHURUZHDWKHUGDPDJHZKLFKLVWKHUHVXOWRIEXW
QRWOLPLWHGWRLPSURSHUFKLPQH\RUYHQWLQJLQVWDOODWLRQ
/,0,7$7,2162)/,$%,/,7<
 7KHRZQHU¶VH[FOXVLYHUHPHG\DQG++7¶VVROHREOLJDWLRQXQGHUWKLVZDUUDQW\XQGHUDQ\RWKHUZDUUDQW\H[SUHVVRU
LPSOLHGRULQFRQWUDFWWRUWRURWKHUZLVHVKDOOEHOLPLWHGWRUHSODFHPHQWUHSDLURUUHIXQGDVVSHFLILHGDERYH,QQR
HYHQWZLOO++7EHOLDEOHIRUDQ\LQFLGHQWDORUFRQVHTXHQWLDOGDPDJHVFDXVHGE\GHIHFWVLQWKHDSSOLDQFH6RPHVWDWHV
GRQRWDOORZH[FOXVLRQVRUOLPLWDWLRQRILQFLGHQWDORUFRQVHTXHQWLDOGDPDJHVVRWKHVHOLPLWDWLRQVPD\QRWDSSO\WR\RX
7KLVZDUUDQW\JLYHV\RXVSHFLILFULJKWV\RXPD\DOVRKDYHRWKHUULJKWVZKLFKYDU\IURPVWDWHWRVWDWH(;&(3772
7+((;7(173529,'('%</$:++70$.(612(;35(66:$55$17,(627+(57+$17+(:$55$17<
63(&,),('+(5(,17+('85$7,212)$1<,03/,(':$55$17<,6/,0,7('72'85$7,212)7+(
(;35(66(':$55$17<63(&,),('$%29(
:$55$17<(;&/86,216
7KLVZDUUDQW\GRHVQRWFRYHUWKHIROORZLQJ
 &KDQJHVLQVXUIDFHILQLVKHVDVDUHVXOWRIQRUPDOXVH$VDKHDWLQJDSSOLDQFHVRPHFKDQJHVLQFRORURILQWHULRUDQG
H[WHULRUVXUIDFHILQLVKHVPD\RFFXU7KLVLVQRWDIODZDQGLVQRWFRYHUHGXQGHUZDUUDQW\
 'DPDJHWRSULQWHGSODWHGRUHQDPHOHGVXUIDFHVFDXVHGE\ILQJHUSULQWVDFFLGHQWVPLVXVHVFUDWFKHVPHOWHGLWHPV
RURWKHUH[WHUQDOVRXUFHVDQGUHVLGXHVOHIWRQWKHSODWHGVXUIDFHVIURPWKHXVHRIDEUDVLYHFOHDQHUVRUSROLVKHV
 5HSDLURUUHSODFHPHQWRISDUWVWKDWDUHVXEMHFWWRQRUPDOZHDUDQGWHDUGXULQJWKHZDUUDQW\SHULRG7KHVHSDUWV
LQFOXGHSDLQWZRRGSHOOHWDQGFRDOJDVNHWVILUHEULFNVJUDWHVIODPHJXLGHVOLJKWEXOEVEDWWHULHVDQGWKHGLVFRORU
DWLRQRIJODVV
 0LQRUH[SDQVLRQFRQWUDFWLRQRUPRYHPHQWRIFHUWDLQSDUWVFDXVLQJQRLVH7KHVHFRQGLWLRQVDUHQRUPDODQGFRP
SODLQWVUHODWHGWRWKLVQRLVHDUHQRWFRYHUHGE\WKLVZDUUDQW\
 'DPDJHVUHVXOWLQJIURPIDLOXUHWRLQVWDOORSHUDWHRUPDLQWDLQWKHDSSOLDQFHLQDFFRUGDQFHZLWKWKHLQVWDOODWLRQ
LQVWUXFWLRQVRSHUDWLQJLQVWUXFWLRQVDQGOLVWLQJDJHQWLGHQWLILFDWLRQODEHOIXUQLVKHGZLWKWKHDSSOLDQFHIDLOXUHWR
LQVWDOOWKHDSSOLDQFHLQDFFRUGDQFHZLWKORFDOEXLOGLQJFRGHVVKLSSLQJRULPSURSHUKDQGOLQJLPSURSHURSHUD
WLRQDEXVHPLVXVHFRQWLQXHGRSHUDWLRQZLWKGDPDJHGFRUURGHGRUIDLOHGFRPSRQHQWVDFFLGHQWRULPSURSHUO\
LQFRUUHFWO\SHUIRUPHGUHSDLUVHQYLURQPHQWDOFRQGLWLRQVLQDGHTXDWHYHQWLODWLRQQHJDWLYHSUHVVXUHRUGUDIWLQJ
FDXVHGE\WLJKWO\VHDOHGFRQVWUXFWLRQVLQVXIILFLHQWPDNHXSDLUVXSSO\RUKDQGOLQJGHYLFHVVXFKDVH[KDXVWIDQVRU
IRUFHGDLUIXUQDFHVRURWKHUVXFKFDXVHVXVHRIIXHOVRWKHUWKDQWKRVHVSHFLILHGLQWKHRSHUDWLQJLQVWUXFWLRQV
LQVWDOODWLRQRUXVHRIFRPSRQHQWVQRWVXSSOLHGZLWKWKHDSSOLDQFHRUDQ\RWKHUFRPSRQHQWVQRWH[SUHVVO\DXWKRUL]HG
DQGDSSURYHGE\++7PRGLILFDWLRQRIWKHDSSOLDQFHQRWH[SUHVVO\DXWKRUL]HGDQGDSSURYHGE\++7LQZULWLQJ
DQGRULQWHUUXSWLRQVRUIOXFWXDWLRQVRIHOHFWULFDOSRZHUVXSSO\WRWKHDSSOLDQFH
 1RQ++7YHQWLQJFRPSRQHQWVKHDUWKFRPSRQHQWVRURWKHUDFFHVVRULHVXVHGLQFRQMXQFWLRQZLWKWKHDSSOLDQFH
 $Q\SDUWRIDSUHH[LVWLQJILUHSODFHV\VWHPLQZKLFKDQLQVHUWRUDGHFRUDWLYHJDVDSSOLDQFHLVLQVWDOOHG
 ++7¶VREOLJDWLRQXQGHUWKLVZDUUDQW\GRHVQRWH[WHQGWRWKHDSSOLDQFH¶VFDSDELOLW\WRKHDWWKHGHVLUHGVSDFH,QIRUPD
WLRQLVSURYLGHGWRDVVLVWWKHFRQVXPHUDQGWKHGHDOHULQVHOHFWLQJWKHSURSHUDSSOLDQFHIRUWKHDSSOLFDWLRQ&RQVLGHU
DWLRQPXVWEHJLYHQWRDSSOLDQFHORFDWLRQDQGFRQILJXUDWLRQHQYLURQPHQWDOFRQGLWLRQVLQVXODWLRQDQGDLUWLJKWQHVVRI
WKHVWUXFWXUH
+HDW*OR(;&/$,0(;&/$,05HY-


/LVWLQJDQG&RGH$SSURYDOV
127,&(7KLV ILUHSODFH LV WHVWHG DQG DSSURYHG DV D
GHFRUDWLYH¿UHSODFH,WVKRXOGQRWEHIDFWRUHGDVDSULPDU\
KHDWVRXUFHLQUHVLGHQWLDOKHDWLQJFDOFXODWLRQV
:$51,1*5LVNRI)LUH+HDUWK+RPH7HFKQRORJLHV
GLVFODLPVDQ\UHVSRQVLELOLW\IRUDQGWKHZDUUDQW\DQG
DJHQF\OLVWLQJZLOOEHYRLGHGE\WKHIROORZLQJDFWLRQV
'2127
  LQVWDOORURSHUDWHGDPDJHG¿UHSODFH
  PRGLI\¿UHSODFH
  LQVWDOO RWKHU WKDQ DV LQVWUXFWHG E\ +HDUWK  +RPH
7HFKQRORJLHV
  RSHUDWH WKH ¿UHSODFH ZLWKRXW IXOO\ DVVHPEOLQJ DOO
FRPSRQHQWV
  RYHU¿UH
  LQVWDOODQXQYHQWHGJDVORJVHW
  LQVWDOODQ\FRPSRQHQWQRWDSSURYHGE\+HDUWK+RPH
7HFKQRORJLHV
  LQVWDOOSDUWVRUFRPSRQHQWVQRW/LVWHGRUDSSURYHG
,PSURSHU LQVWDOODWLRQ DGMXVWPHQW DOWHUDWLRQ VHUYLFH RU
PDLQWHQDQFH FDQ FDXVH LQMXU\ RU SURSHUW\ GDPDJH )RU
DVVLVWDQFH RU DGGLWLRQDO LQIRUPDWLRQ FRQVXOW D TXDOL¿HG
LQVWDOOHUVHUYLFHDJHQF\RU\RXUGHDOHU
%1RQ&RPEXVWLEOH0DWHULDOV
 0DWHULDOVZKLFKZLOOQRWLJQLWHDQGEXUQFRPSRVHGRI
DQ\FRPELQDWLRQRIWKHIROORZLQJ
 6WHHO  ,URQ
 %ULFN  7LOH
 &RQFUHWH  6ODWH
 *ODVV  3ODVWHUV
 0DWHULDOVUHSRUWHGDVSDVVLQJ$670(6WDQGDUG
7HVW0HWKRGIRU%HKDYLRURI0HWDOVLQD9HUWLFDO7XEH
)XUQDFHDW&
&&RPEXVWLEOH0DWHULDOV
 0DWHULDOVPDGHRIRUVXUIDFHGZLWKDQ\RIWKHIROORZLQJ
PDWHULDOV
 :RRG  &RPSUHVVHGSDSHU
 3ODQW¿EHUV  3ODVWLF
 $Q\PDWHULDOWKDWFDQLJQLWHDQGEXUQÀDPHSURRIHGRU
QRWSODVWHUHGRUXQSODVWHUHG
+HDW*OR(;&/$,0(;&/$,05HY-
$$SSOLDQFH&HUWL¿FDWLRQ
7KLV¿UHSODFHV\VWHPKDVEHHQWHVWHGDQGOLVWHGLQDFFRU
GDQFHZLWK8/DQG8/&6VWDQGDUGVE\8QGHU
ZULWHUV/DERUDWRULHV,QFIRULQVWDOODWLRQDQGRSHUDWLRQLQ
WKH8QLWHG6WDWHVDQG&DQDGD
7KLV¿UHSODFHPD\EHLQVWDOOHGLQVOHHSLQJURRPV(;
&(37LQPDQXIDFWXUHGKRPHV,ILQVWDOOHGZLWKDJDVORJ
VHWSURYLVLRQVIRUWKH1DWLRQDO)XHO*DV&RGHPXVWEH
PHW
7KLV¿UHSODFHKDVEHHQWHVWHGDQGOLVWHGIRUXVHZLWKWKH
RSWLRQDOFRPSRQHQWVVSHFL¿HGLQWKLVPDQXDO7KHVHRS
WLRQDOFRPSRQHQWVPD\EHSXUFKDVHGVHSDUDWHO\DQGLQ
VWDOOHGDWDODWHUGDWH,QVWDOODWLRQRIDQRXWVLGHDLUNLWZLOO
UHTXLUHVLJQL¿FDQWUHFRQVWUXFWLRQDQGLVEHVWLILQVWDOOHGDW
WKHWLPHRI¿UHSODFHLQVWDOODWLRQ
+HDW*ORLVDUHJLVWHUHGWUDGHPDUNRI+HDUWK+RPH
7HFKQRORJLHV,QF


2SHUDWLQJ,QVWUXFWLRQV
:$51,1*'2127RSHUDWH¿UHSODFHEHIRUHUHDGLQJDQGXQGHUVWDQGLQJRSHUDWLQJLQVWUXFWLRQV)DLOXUHWRRSHUDWH¿UHSODFH
DFFRUGLQJWRRSHUDWLQJLQVWUXFWLRQVFRXOGFDXVH¿UHRULQMXU\
8VHU*XLGH
:$51,1*
+RWJODVVZLOOFDXVHEXUQV
 '2127WRXFKJODVVXQWLOLWLVFRROHG
 1(9(5DOORZFKLOGUHQWRWRXFKJODVV
 .HHSFKLOGUHQDZD\
 &$5()8//<683(59,6(FKLOGUHQLQVDPHURRPDV¿UHSODFH
 $OHUWFKLOGUHQDQGDGXOWVWRKD]DUGVRIKLJKWHPSHUDWXUHV
+LJKWHPSHUDWXUHVPD\LJQLWHFORWKLQJRURWKHUÀDPPDEOHPDWHULDOV
 .HHSFORWKLQJIXUQLWXUHGUDSHULHVDQGRWKHUÀDPPDEOHPDWHULDOVDZD\
+27685)$&(6
*ODVVDQGRWKHUVXUIDFHVDUHKRWGXULQJRSHUDWLRQ$1'FRROGRZQ
)LJXUH *HQHUDO2SHUDWLQJ3DUWV
$<RXU)LUHSODFH
,I\RXH[SHFWWKDWFKLOGUHQPD\FRPHLQWRFRQWDFWZLWKWKLV¿UHSODFHZHUHFRPPHQGDEDUULHUVXFKDVDGHFRUDWLYH
VFUHHQ6HH\RXUGHDOHUIRUVXJJHVWLRQV
*DV/RJ6HW
*DV/RJ/LJKWHUV
QRWVKRZQ
6HFWLRQ-
)LUHVFUHHQ
QRWVKRZQ
6HFWLRQ(
*ODVV'RRUV
QRWVKRZQ
6HFWLRQ+(
*UDWH
6HFWLRQ''
5HIUDFWRU\
6HFWLRQ*&
+HDUWK
&OHDU6SDFH
6HFWLRQ/
:RRG)XHO
6HFWLRQ0
0DQWHO
close
'DPSHU
+DQGOH
+DQGOHXSRSHQ
+DQGOHGRZQ
FORVHG
2XWVLGH$LU
RSHQ
+HDW*OR(;&/$,0(;&/$,05HY-


 7KH¿UVWWKUHHRUIRXU¿UHVVKRXOGEHRIPRGHUDWHVL]HWR
DOORZWKHRLOVDQGELQGHUVWREHEXUQHGIURPWKH¿UHSODFH
DQG WKH UHIUDFWRU\ DQG SDLQW WR FXUH <RX PD\ QRWLFH
DQLQGXVWULDORGRUWKH¿UVWIHZ¿UHV7KLVLVFRQVLGHUHG
QRUPDO
 8VHZHOOVHDVRQHGZRRG
 2SHQWKHÀXHGDPSHUWRDIXOO\RSHQSRVLWLRQ
 3ODFH FUXPSOHG RU WZLVWHG SDSHU XQGHU WKH ¿UHSODFH
JUDWH
 /RRVHO\DUUDQJHNLQGOLQJRUVPDOOSLHFHVRIZRRGWRIRUP
DµWHQW¶RQWKH¿UHSODFHJUDWH
 3UHZDUP WKH ÀXH WR HVWDEOLVK D GUDIW WR KHOS UHGXFH
VPRNHVSLOODJHGXULQJVWDUWXS+ROGDUROOHGXSSLHFH
RIEXUQLQJQHZVSDSHUXQGHUWKHÀXHGDPSHUIRUDIHZ
PRPHQWV
 /LJKWWKHFUXPSOHGSDSHUWRLJQLWHWKHNLQGOLQJ
 $GGVPDOOSLHFHVRIZRRGXQWLODKRWEHGRIHPEHUVKDV
EHHQHVWDEOLVKHG
 $GG D PLQLPXP RI WKUHH DYHUDJH VL]H SLHFHV RI VSOLW
¿UHZRRG SODFHG WR DOORZ FRPEXVWLRQ DLU DQG ÀDPHV
EHWZHHQWKHP
&6WDUWLQJD)LUH
127,&(<RXPXVWHVWDEOLVKDJRRGGUDIWWRSUHYHQWVPRNH
VSLOODJHLQWRWKHURRP
:$51,1*5LVNRI)LUH.HHSFRPEXVWLEOHPDWHULDOV
JDVROLQHDQGRWKHUÀDPPDEOHYDSRUVDQGOLTXLGVFOHDURI
WKH¿UHSODFH
'2127
 VWRUHÀDPPDEOHPDWHULDOVFORVHWRWKH¿UHSODFH
 XVH JDVROLQH ODQWHUQ IXHO NHURVHQH FKDUFRDO OLJKWHU
ÀXLGRUVLPLODUOLTXLGVWRVWDUWRU³IUHVKHQXS´D¿UHLQWKLV
¿UHSODFH
.HHSDOOÀDPPDEOHOLTXLGVZHOODZD\IURPWKH¿UHSODFHZKLOH
LWLVLQXVH&RPEXVWLEOHPDWHULDOVPD\LJQLWH
%6HDVRQHG:RRG
3URSHUO\VHDVRQHGZRRGLVLPSRUWDQWIRUVXFFHVVIXO
RSHUDWLRQRI\RXU¿UHSODFH0RVWZRRGEXUQLQJ¿UHSODFH
SUREOHPVDUHFDXVHGE\EXUQLQJZHWXQVHDVRQHGZRRG
6HDVRQHG¿UHZRRGLVZRRGWKDWLVFXWWRVL]HVSOLWDQGDLU
GULHGWRDPRLVWXUHFRQWHQWRIDURXQG
,PDJLQHDZRRGHQEXFNHWWKDWZHLJKVDERXWHLJKW
SRXQGV)LOOLWZLWKDJDOORQRIZDWHUSXWLWLQWKH¿UHSODFH
DQGWU\WREXUQLW7KLVVRXQGVULGLFXORXVEXWWKDWLVH[DFWO\
ZKDW\RXDUHGRLQJLI\RXEXUQXQVHDVRQHGZRRG
$WUHHFXWGRZQD\HDUDJRDQGQRWVSOLWLVOLNHO\WRKDYH
DOPRVWDVKLJKDPRLVWXUHFRQWHQWQRZDVLWGLGZKHQLW
ZDVFXW
3OHDVHUHIHUWR6HFWLRQ0IRUPRUHGHWDLO
 &$87,212GRUVDQGYDSRUVUHOHDVHGGXULQJLQLWLDO
RSHUDWLRQPD\EHLUULWDWLQJWRVHQVLWLYHLQGLYLGXDOV
2SHQZLQGRZVIRUDLUFLUFXODWLRQ
'*UDWH
7KLV¿UHSODFHLVGHVLJQHGWREHXVHGZLWKWKHJUDWHVXS
SOLHGZLWKWKLVXQLWRURQHDSSURYHGE\++77KHJUDWHZLOO
EUHDNGRZQRYHUWLPHDQGZLOOQHHGRFFDVLRQDOUHSODFH
PHQW
:$51,1*5LVNRI)LUH8VHRQO\WKHIDFWRU\VXSSOLHG
LQWHJUDOJUDWH
 .HHSVORJVLQSODFH
 $OORZVSURSHUDLUFLUFXODWLRQDURXQGWKH¿UH
()LUHVFUHHQ
7KH¿UHVFUHHQLVSURYLGHGWRFRQWUROVSDUNV.HHSLW
FORVHGZKHQWKH¿UHSODFHLVLQXVH
:$51,1*5LVNRI)LUHRU%XUQV
 6FUHHQ ZLOO QRW SUHYHQW EXUQLQJ PDWHULDOV IURP IDOOLQJ
RXW
 6FUHHQSXOOVRUKDQGOHVPD\EHKRW
) )OXH'DPSHU
 5HIHUWR)LJXUHIRUORFDWLRQRIFRQWURO
 0XVWEHLQIXOO\RSHQSRVLWLRQKDQGOHXSWRZDUGWKHWRS
RIWKH¿UHSODFHGXULQJRSHUDWLRQRIWKH¿UHSODFH
 %HIRUHOLJKWLQJWKH¿UHSODFHYHULI\IXOO\RSHQSRVLWLRQE\
ORRNLQJXSIURPWKHLQVLGHRIWKH¿UHSODFH
 :$51,1*5LVNRI)LUHDQG$VSK\[LDWLRQ2SHQ
GDPSHUSULRUWRRSHUDWLQJ¿UHSODFH$FORVHGGDPSHU
RYHU¿UHVWKH¿UHSODFHDQGVSLOOVVPRNHDQGÀDPHV
LQWRWKHURRP
*5HIUDFWRU\
 7KHUHIUDFWRU\LVVXSSOLHGWRFRQWDLQKHDWDQGSURYLGH
DQDWWUDFWLYHLQWHULRU
 ,WZLOO EUHDNGRZQ RYHUWLPH DQGZLOO QHHGRFFDVLRQDO
UHSODFHPHQW6PDOOKDLUOLQHFUDFNVDQGGLVFRORUDWLRQDUH
QRUPDODQGGRQRWDIIHFWLWVVDIHW\
 6HHUHIUDFWRU\PDLQWHQDQFH6HFWLRQ&
 :$51,1*5LVNRI)LUH'2127EXUQ¿UHSODFHZLWK
RXWUHIUDFWRU\8VHRQO\UHIUDFWRU\VXSSOLHGE\+HDUWK
+RPH7HFKQRORJLHV,QF
+HDW*OR(;&/$,0(;&/$,05HY-


)8//<23(1
&255(&7
3$57/<&/26('
,1&255(&7
3$57/<23(1
,1&255(&7
)8//<&/26('
&255(&7
)LJXUH 2SHUDWLQJ3RVLWLRQVRI%LIROG'RRUV
 :$51,1*5LVNRI)LUHDQG6PRNH)LUHSODFHV
HTXLSSHGZLWKGRRUVVKRXOGEHRSHUDWHGRQO\ZLWK
GRRUVIXOO\RSHQRUGRRUVIXOO\FORVHG,IGRRUVDUHOHIW
SDUWO\RSHQJDVDQGÀDPHPD\EHGUDZQRXWRIWKH
¿UHSODFHRSHQLQJ
, 2XWVLGH$LURSWLRQDO
7KHRXWVLGHDLUNLWVXSSOLHVVRPHFRPEXVWLRQDLUIRU\RXU
¿UHSODFH,WPD\KHOSUHGXFHWKHHIIHFWVRIQHJDWLYHDLU
SUHVVXUH6HH6HFWLRQ'
 5HIHUWR)LJXUHIRUORFDWLRQRIFRQWURO
 &ORVHWKHLQOHWWRSUHYHQWFROGGUDIWVZKHQWKH¿UHSODFH
LVQRWEHLQJXVHG
 &$87,215LVNRI%XUQV7KHRXWVLGHDLUFRQWURO
KDQGOHLV+27ZKHQ¿UHSODFHLVLQRSHUDWLRQ$GMXVW
%()25(OLJKWLQJ¿UH
 :$51,1*5LVNRI)LUH,QVWDOO21/<GRRUVDS
SURYHGE\+HDUWK+RPH7HFKQRORJLHV,QF
 *ODVVGRRUVDUHRSWLRQDO
 5HIHUWR)LJXUHIRUKRZWRSURSHUO\XVHWKHP
+*ODVV'RRUV
LQPP
&OHDU6SDFH
)URQWRI)LUHSODFH
LQPP
&OHDU6SDFH
6LGHVRI)LUHSODFH
IURPWKH)3
RSHQLQJ
)LJXUH &OHDU6SDFH
- 9HQWHG*DV/RJ6HWV*DV/RJ/LJKWHUV
 2SWLRQDO
 9HQWHGJDVORJVRUJDVORJOLJKWHUVFDQEHLQVWDOOHGLQ
WKLV¿UHSODFH)ROORZWKHLQVWUXFWLRQVSURYLGHGZLWKWKH
DFFHVVRU\IRURSHUDWLRQ
.2SWLRQDO&RPSRQHQWV
 2WKHURSWLRQVPD\EHDYDLODEOH
 &RQVXOW\RXUGHDOHUGLVWULEXWRU
/&OHDU6SDFH
 'RQRWSODFHFRPEXVWLEOHREMHFWVZLWKLQDUHDVLQGLFDWHG
LQ)LJXUH
:$51,1*'2127SODFHFRPEXVWLEOHREMHFWVLQIURQW
RIWKH¿UHSODFH+LJKWHPSHUDWXUHVPD\LJQLWHFORWKLQJ
IXUQLWXUHRUGUDSHULHV
 0DQWHODYRLGSODFLQJFDQGOHVDQGRWKHUKHDWVHQVLWLYH
REMHFWVRQPDQWHORUKHDUWK+HDWPD\GDPDJHWKHVH
REMHFWV
 :$51,1*5LVNRI)LUHRU$VSK\[LDWLRQ
'2127LQVWDOOXQYHQWHGJDVORJV
  'DPSHUPXVWEHORFNHGRSHQ
  *DVÀDPHPD\JHQHUDWHIXPHV
 :$51,1* 5LVNRI)LUH '2 127LQVWDOO DQG RUXVH
DQ\FRPSRQHQWQRWDSSURYHGE\+HDUWK+RPH7HFK
QRORJLHV,QF
+HDW*OR(;&/$,0(;&/$,05HY-


0:RRG)XHO
+DUGZRRGYV6RIWZRRG
<RXU¿UHSODFHSHUIRUPDQFHGHSHQGVRQWKHTXDOLW\RIWKH
¿UHZRRG\RXXVH
 6HDVRQHGZRRGFRQWDLQVDERXW%78VSHUSRXQG

 +DUGZRRGVDUHPRUHGHQVHWKDQVRIWZRRGV
 +DUGZRRGVFRQWDLQPRUH%78VWKDQVRIWZRRGV
 +DUGZRRGVUHTXLUHPRUHWLPHWRVHDVRQEXUQVORZHU
DQGDUHKDUGHUWRLJQLWH
 6RIWZRRGVUHTXLUHOHVVWLPHWRGU\EXUQIDVWHUDQGDUH
HDVLHUWRLJQLWH
 6WDUWWKH¿UHZLWKVRIWZRRGWREULQJWKH¿UHSODFHXSWR
RSHUDWLQJWHPSHUDWXUHDQGWRHVWDEOLVKGUDIW
 $GG KDUG ZRRG IRU VORZ HYHQ KHDW DQG ORQJHU EXUQ
WLPH
7KHPDMRULW\RIWKHSUREOHPV¿UHSODFHRZQHUVH[SHULHQFH
DUHFDXVHGE\WU\LQJWREXUQZHWXQVHDVRQHGZRRG
 :HWXQVHDVRQHG ZRRGUHTXLUHV HQHUJ\WR HYDSRUDWH
WKHZDWHULQVWHDGRIKHDWLQJ\RXUKRPHDQG
 (YDSRUDWLQJPRLVWXUHFRROV\RXUFKLPQH\DFFHOHUDWLQJ
IRUPDWLRQRIFUHRVRWH
:$51,1*5LVNRI)LUH
 '2127EXUQZHWRUJUHHQZRRG
 :HW XQVHDVRQHG ZRRG FDQ FDXVH DFFXPXODWLRQ RI
FUHRVRWH
0RLVWXUH
6RIWZRRGV +DUGZRRGV
 'RXJODV)LU  2DN
 3LQH  0DSOH
 6SUXFH  $SSOH
 &HGDU  %LUFK
 3RSODU
 $VSHQ
 $OGHU
6WRULQJ:RRG
6WHSVWRHQVXUHSURSHUO\VHDVRQHGZRRG
 6WDFNZRRGWRDOORZDLUWRFLUFXODWHIUHHO\DURXQGDQG
WKURXJKZRRGSLOH
 (OHYDWH ZRRG SLOH RII JURXQG WR DOORZ DLU FLUFXODWLRQ
XQGHUQHDWK
 6PDOOHUSLHFHVRIZRRGGU\IDVWHU$Q\SLHFHRYHULQ
PPLQGLDPHWHUVKRXOGEHVSOLW
 :RRGZKROHRUVSOLWVKRXOGEHVWDFNHGVRERWKHQGV
RIHDFK SHLFH DUHH[SRVHG WR DLU 0RUHGU\LQJ RFFXUV
WKURXJKWKHFXWHQGVWKDQWKHVLGHV
 6WRUH ZRRG XQGHU FRYHU WR SUHYHQW ZDWHU DEVRUEWLRQ
IURPUDLQRUVQRZ$YRLGFRYHULQJWKHVLGHVDQGHQGV
FRPSOHWHO\
6HDVRQHG:RRG
 &XWORJVWRVL]H
 6SOLWWRLQPPRUOHVV
 $LUGU\WRDPRLVWXUHFRQWHQWRIDURXQG
 6RIWZRRGDERXWQLQHPRQWKV
 +DUGZRRGDERXWHLJKWHHQPRQWKV
 127,&(6HDVRQLQJWLPHPD\YDU\GHSHQGLQJRQGU\LQJ
FRQGLWLRQV
:$51,1*)LUH5LVN'2127VWRUHZRRG
 ,QIURQWRIWKH¿UHSODFH
 ,QVSDFHUHTXLUHGIRUORDGLQJRUDVKUHPRYDO
3URFHVVHG6ROLG)XHO)LUHORJV
0DQXIDFWXUHG¿UHORJVPD\EHXVHGZLWKWKLV¿UHSODFH
+HDUWK+RPH7HFKQRORJLHV,QFUHFRPPHQGVWKHXVHRI
8/&ODVVL¿HGSURFHVVHGIXHO¿UHORJV)ROORZWKHPDQXIDF
WXUHU¶VOLJKWLQJDQGVDIHW\LQVWUXFWLRQV
8VLQJ¿UHORJVPD\UHTXLUHPRUHIUHTXHQWFKLPQH\LQVSHF
WLRQDQGFOHDQLQJ
'RQRWSRNHRUVWLUWKHORJVZKLOHWKH\DUHEXUQLQJ8VH
RQO\¿UHORJVWKDWKDYHEHHQHYDOXDWHGIRUWKHDSSOLFDWLRQ
LQPDQXIDFWXUHG¿UHSODFHVDQGUHIHUWR¿UHORJZDUQLQJV
DQGFDXWLRQPDUNLQJVRQSDFNDJLQJSULRUWRXVH
+HDW*OR(;&/$,0(;&/$,05HY-


0DLQWDLQDQFHDQG6HUYLFH
)LJXUH &KLPQH\7HUPLQDWLRQ&DS&OHDQLQJ
$'LVSRVDORI$VKHV
)UHTXHQF\:KHQWKH\UHDFKERWWRPRIJUDWH
%\+RPHRZQHU
:$51,1*5LVNRI)LUH$VKHVFRXOGFRQWDLQKRWHP
EHUV
 3ODFHDVKHVLQDPHWDOFRQWDLQHUZLWKDWLJKW¿WWLQJOLG
 7KH FORVHG FRQWDLQHU VKRXOG EH SODFHG RQ D
QRQFRPEXVWLEOHÀRRURURQWKHJURXQGZHOODZD\IURP
DOOFRPEXVWLEOHPDWHULDOVSHQGLQJ¿QDOGLVSRVDO
 ,IWKHDVKHVDUHGLVSRVHGRIE\EXULDOLQVRLORURWKHUZLVH
ORFDOO\GLVSHUVHGWKH\VKRXOGEHUHWDLQHGLQWKHFORVHG
FRQWDLQHUXQWLODOOFLQGHUVKDYHWKRURXJKO\FRROHG
%&KLPQH\,QVSHFWLRQ&OHDQLQJ
)UHTXHQF\$WOHDVWWZLFHD\HDUGXULQJKHDWLQJVHDVRQ
RUDVUHFRPPHQGHGE\DFHUWL¿HGFKLPQH\VZHHS
%\&HUWL¿HGFKLPQH\VZHHS
:$51,1*5LVNRI)LUH,JQLWHGFUHRVRWHLVH[WUHPHO\
+273UHYHQWFUHRVRWHEXLOGXS
5HIHUWR)LJXUHWRUHPRYHUHLQVWDOOWHUPLQDWLRQFDSV
&UHRVRWH)RUPDWLRQDQG1HHGIRU5HPRYDO
:KHQZRRGLVEXUQHGVORZO\LWSURGXFHVWDUDQGRWKHU
RUJDQLFYDSRUVZKLFKFRPELQHZLWKH[SHOOHGPRLVWXUHWR
IRUPFUHRVRWH7KHFUHRVRWHYDSRUVFRQGHQVHLQWKHUHOD
WLYHO\FRROFKLPQH\ÀXHRIDVORZEXUQLQJ¿UH$VDUHVXOW
FUHRVRWHUHVLGXHDFFXPXODWHVRQWKHÀXHOLQLQJ:KHQ
LJQLWHGWKLVFUHRVRWHPDNHVDQH[WUHPHO\KRW¿UH
:$51,1*5LVNRI)LUH$FKLPQH\¿UHFDQSHUPDQHQWO\
GDPDJH\RXUFKLPQH\V\VWHPDQGQHDUE\VWUXFWXUHV
,QWKHHYHQWRIDFKLPQH\¿UH+HDUWK+RPH7HFKQROR
JLHV,QFUHFRPPHQGV
 UHSODFHPHQWRIWKHFKLPQH\DQG
 LQVSHFWLRQRIWKHDGMDFHQWVWUXFWXUHWRWKHSURYLVLRQVRI
1)3$/HYHO,,,LQVSHFWLRQFULWHULD
7KHFKLPQH\VKDOOEHLQVSHFWHGDWOHDVWWZLFHD\HDU
GXULQJWKHKHDWLQJVHDVRQWRGHWHUPLQHZKHQDFUHRVRWH
EXLOGXSKDVRFFXUUHG
:KHQFUHRVRWHKDVDFFXPXODWHGLWVKDOOEHUHPRYHGWR
UHGXFHWKHULVNRIDFKLPQH\¿UH
Î
+HDW*OR(;&/$,0(;&/$,05HY-
&KLPQH\
5HPRYHVFUHZV
DQGOLIWWRSSDQRII
&DS
6OLS
6HFWLRQ
67
67
6TXDUH7HUPLQDWLRQ&DS
&DS
5HPRYHVFUHZV
OLIWWRSFRYHU
7RS&RYHU
75757
7575
5RXQG7HUPLQDWLRQ&DS
7&7
7HUUD&RWWD
7HUPLQDWLRQ&DS
$YDLODEOH86RQO\
5HPRYHVFUHZVIURP
WKHIURQWDQGEDFNDQG
OLIWWKHWRSRII
5(029(6&5(:6
/,)7723
723 723
6&5(:
6&5(:
'76(5,(6


&&KHFN)LUHER[5HIUDFWRU\
)UHTXHQF\$IWHUHDFKDVKUHPRYDO
%\+RPHRZQHU
',QVSHFW*UDWH
)UHTXHQF\$IWHUHDFKDVKUHPRYDO
%\+RPHRZQHU
,QVSHFWJUDWHIRU
 :DUSLQJRUVDJJLQJLQPPRUPRUH
 %URNHQZHOGV
 %XUQWKURXJKRIJUDWHEDUV
)RUVDIHRSHUDWLRQUHSODFHRQO\ZLWKDQDSSURYHGJUDWH
IURP+HDUWK+RPHV7HFKQRORJLHV,QF
:$51,1*5LVNRI)LUH,QVSHFW¿UHSODFHUHIUDFWRU\
&UXPEOLQJGHWHULRUDWHGUHIUDFWRU\FDQDOORZRYHUKHDWLQJ
RIVXUURXQGLQJPDWHULDOV
([SDQVLRQDQGFRQWUDFWLRQZLOOFDXVHPLQRUFUDFNLQJRI
WKHUHIUDFWRU\7KLVLVQRUPDO7KHUHIUDFWRU\ZLOOUHTXLUH
SHULRGLFUHSODFHPHQWGHSHQGLQJRQXVH
7KHSDQHOVVKRXOGEHUHSODFHGLI
 &UDFNVH[FHHGóLQFKPPLQZLGWK
 0HWDOLVH[SRVHGEHKLQGWKHUHIUDFWRU\
 /DUJHSLHFHVRIUHIUDFWRU\IDOORXW
(*ODVV&OHDQLQJ
)UHTXHQF\$VGHVLUHG
%\+RPHRZQHU
&OHDQJODVVZLWKDQRQDEUDVLYHFRPPHUFLDOO\DYDLODEOH
FOHDQHURUDVKHV
 /LJKWGHSRVLWV
 8VHKRXVHKROGJODVVFOHDQHU
 +HDY\GHSRVLWV
 8VHZRRGDVKRQGDPSFORWKRU
 8VHFRPPHUFLDO¿UHSODFHJODVVFOHDQHUFRQVXOWZLWK
\RXUGHDOHU
&$87,21 +DQGOH JODVV DVVHPEO\ ZLWK FDUH *ODVV LV
EUHDNDEOH
 $YRLGVWULNLQJVFUDWFKLQJRUVODPPLQJJODVV
 $YRLGDEUDVLYHFOHDQHUV
 '2127FOHDQJODVVZKLOHLWLVKRW
+HDW*OR(;&/$,0(;&/$,05HY-


7URXEOHVKRRWLQJ*XLGH
6WDUW)LUH3UREOHPV 3RVVLEOH&DXVH 6ROXWLRQ
&DQ¶WJHW¿UHVWDUWHG
([FHVVLYHVPRNHRUVSLOODJH
%XUQVWRRVORZO\
6PROGHUVVL]]OHV
1RWHQRXJKNLQGOLQJSDSHURUQR
NLQGOLQJSDSHU
8VHGU\NLQGOLQJPRUHSDSHU$UUDQJHNLQGOLQJ
ZRRGIRUDLUPRYHPHQW
'DPSHUFORVHGQRWIXOO\RSHQ 2SHQGDPSHU
1RWHQRXJKDLUIRU¿UHWRLJQLWH &KHFNIRUUHVWULFWHGFDSVKURXG
2SHQDLUNLWLILQVWDOOHG
&KHFNIRUÀXHEORFNDJH
3UHZDUPÀXHEHIRUHVWDUWLQJ¿UHUHIHUWRVWDUWLQJ
¿UHVHFWLRQ
&KHFNIRUDGHTXDWHYHQWKHLJKWUHIHUWRFKLPQH\
DVVHPEO\VHFWLRQ
2SHQZLQGRZEHORZWKH¿UHSODFHWRZDUGVWKH
ZLQG
:RRGFRQGLWLRQLVWRRZHWWRR
ODUJH
8VHGU\VHDVRQHGZRRGUHIHUWRZRRGIXHO
VHFWLRQ
%HGRIFRDOVQRWHVWDEOLVKHG
EHIRUHDGGLQJZRRG
6WDUWZLWKSDSHUNLQGOLQJWRHVWDEOLVKEHGRI
FRDOVUHIHUWRVWDUWLQJ¿UHVHFWLRQ
)OXHEORFNDJHVXFKDVELUGV¶
QHVWVRUOHDYHVLQWHUPLQDWLRQ
FDS
+DYHFKLPQH\LQVSHFWHGIRUFUHRVRWHDQGFOHDQHG
E\DFHUWL¿HGFKLPQH\VZHHS
'RZQGUDIWRUQHJDWLYHSUHVVXUH
&RPSHWLWLRQZLWKH[KDXVW
GHYLFHV
'RQRWXVHH[KDXVWIDQVGXULQJVWDUWXSUHIHUWR
QHJDWLYHSUHVVXUHVHFWLRQ
2SHQZLQGRZEHORZWKH¿UHSODFHWRZDUGVWKH
ZLQG
)LUHEXUQVWRRIDVW ([WUHPHO\GU\RUVRIWZRRG 0L[LQKDUGZRRG
0L[LQOHVVVHDVRQHGZRRGDIWHU¿UHLVHVWDEOLVKHG
UHIHUWRZRRGIXHOVHFWLRQ
1RJODVVGRRUV $GGJODVVGRRUVWRVORZGRZQDLUÀRZ
2YHUGUDIWLQJ &KHFNIRUFRUUHFWYHQWKHLJKWWRRPXFKYHUWLFDO
KHLJKWFUHDWHVRYHUGUDIWLQJ
&KHFNORFDWLRQRIYHQWWHUPLQDWLRQUHIHUWR
FKLPQH\DVVHPEO\VHFWLRQ
+HDW*OR(;&/$,0(;&/$,05HY-


*HWWLQJ6WDUWHG
$7\SLFDO)LUHSODFH6\VWHP
,QVWDOOHU*XLGH
+HDW*OR(;&/$,0(;&/$,05HY-



































































1RQFRPEXVWLEOH
URRIIODVKLQJPDLQWDLQV
PLQLPXPFOHDUDQFH
DURXQGFKLPQH\
$GGLWLRQDOODWHUDO
VXSSRUWIRUFKLPQH\
DERYHURRIRUHQFORVHG
LQFKDVHLIQHHGHG
6HFWLRQ
&HLOLQJILUHVWRS
RQIORRURIDWWLF
6HFWLRQ
6XSSRUWVWUDSV
RQUDIWHUVXSSRUW
FKLPQH\QRWVKRZQ
7HUPLQDWLRQFDS
6HFWLRQ
&KLPQH\SHQHWUDWHVURRI
SUHIHUDEO\ZLWKRXWDIIHFWLQJ
URRIUDIWHUV6HFWLRQ
2IIVHW5HWXUQZLWKKDQJHUVWUDSV
6HFWLRQ
)UDPLQJKHDGHGRII
LQFHLOLQJMRLVWV
6HFWLRQ
(QFORVHGVSDFHDERYH
DQGDURXQGILUHSODFH
6HFWLRQ
0DQWHODQGVXUURXQG
6HFWLRQ
'HFRUDWLYHIDFLQJ
DQGWULP
6HFWLRQ
+HDUWKH[WHQVLRQ
6HFWLRQ
)DFWRU\EXLOWILUHSODFH
3URWHFWLYHPHWDO
KHDUWKVWULSV
6HFWLRQ
2XWVLGH
FRPEXVWLRQDLU
6HFWLRQ
&RPEXVWLEOHIUDPLQJKHDGHU
RQWRSRI9VKDSHGVWDQGRIIV
6HFWLRQ
&KLPQH\V\VWHP
6HFWLRQ
$WWLFLQVXODWLRQVKLHOGQRWVKRZQ
PXVWEHXVHGKHUHWRNHHS
 LQVXODWLRQDZD\IURPFKLPQH\
 LIDWWLFLVLQVXODWHG6HFWLRQ
6WRUP&ROODU
6HFWLRQ
127,&(
 ,OOXVWUDWLRQVDQGSKRWRVUHIOHFWW\SLFDOLQVWDOODWLRQV
DQGDUHIRUGHVLJQSXUSRVHVRQO\
 ,OOXVWUDWLRQVGLDJUDPVDUHQRWGUDZQWRVFDOH
 $FWXDOSURGXFWPD\YDU\IURPSLFWXUHVLQPDQXDO
&KLPQH\$LU.LW
6HFWLRQ
5HTXLUHGLQ
&DQDGD2XWOHW
PXVWEHQR
OHVVWKDQIW
PRII
JURXQGOHYHO
)LJXUH 7\SLFDO)LUHSODFH6\VWHP


1HJDWLYHSUHVVXUHUHVXOWVIURPWKHLPEDODQFHRIDLUDYDLO
DEOHIRUWKH¿UHSODFHWRRSHUDWHSURSHUO\,WFDQEHVWURQ
JHVWLQORZHUOHYHOVRIWKHKRXVH
&DXVHVLQFOXGH
 ([KDXVWIDQVNLWFKHQEDWKHWF
 5DQJHKRRGV
 &RPEXVWLRQDLUUHTXLUHPHQWVIRUIXUQDFHVZDWHUKHDWHUV
DQGRWKHUFRPEXVWLRQDSSOLDQFHV
 &ORWKHVGU\HUV
 /RFDWLRQ RI UHWXUQDLU YHQWV WR IXUQDFH RU DLU
FRQGLWLRQLQJ
 ,PEDODQFHVRIWKH+9$&DLUKDQGOLQJV\VWHP
 8SSHUOHYHODLUOHDNVVXFKDV
  5HFHVVHGOLJKWLQJ
  $WWLFKDWFK
  'XFWOHDNV
7RPLQLPL]HWKHHIIHFWVRIQHJDWLYHDLUSUHVVXUH
 ,QVWDOOWKHRXWVLGHDLUNLWZLWKWKHLQWDNHIDFLQJSUHYDLOLQJ
ZLQGVGXULQJWKHKHDWLQJVHDVRQ
 (QVXUH DGHTXDWH RXWGRRU DLU IRU DOO FRPEXVWLRQ
DSSOLDQFHVDQGH[KDXVWHTXLSPHQW
 (QVXUHIXUQDFHDQGDLUFRQGLWLRQLQJUHWXUQYHQWVDUHQRW
ORFDWHGLQWKHLPPHGLDWHYLFLQLW\RIWKH¿UHSODFH
 $YRLGLQVWDOOLQJ WKH¿UHSODFHQHDU GRRUV ZDONZD\VRU
VPDOOLVRODWHGVSDFHV
 5HFHVVHGOLJKWLQJVKRXOGEHD³VHDOHGFDQ´GHVLJQ
 $WWLFKDWFKHVZHDWKHUVWULSSHGRUVHDOHG
 $WWLFPRXQWHGGXFWZRUNDQGDLUKDQGOHUMRLQWVDQGVHDPV
WDSHGRUVHDOHG
 %DVHPHQWLQVWDOODWLRQVVKRXOGEHDYRLGHG
:$51,1*5LVNRI$VSK\[LDWLRQ1HJDWLYHSUHVVXUH
FDQFDXVHVSLOODJHRIFRPEXVWLRQIXPHVDQGVRRW)LUH
PXVWGUDIWSURSHUO\IRUVDIHRSHUDWLRQ
 127,&(+HDUWK+RPH7HFKQRORJLHV,QFUHFRPPHQGV
WKHXVHRIGLUHFWYHQW¿UHSODFHVLQEDVHPHQWV
'1HJDWLYH3UHVVXUH%'HVLJQDQG,QVWDOODWLRQ&RQVLGHUDWLRQV
'UDIWLVWKHSUHVVXUHGLIIHUHQFHQHHGHGWRYHQW¿UHSODFHV
VXFFHVVIXOO\:KHQD¿UHSODFHLVGUDIWLQJVXFFHVVIXOO\DOO
FRPEXVWLRQE\SURGXFWVDUHH[LWLQJWKHKRPHWKURXJKWKH
FKLPQH\
&RQVLGHUDWLRQVIRUVXFFHVVIXOGUDIWLQFOXGH
 3UHYHQWLQJQHJDWLYHSUHVVXUH
 /RFDWLRQRI¿UHSODFHDQGFKLPQH\
%HIRUHLQVWDOOLQJGHWHUPLQHWKHIROORZLQJ
 :KHUHWKH¿UHSODFHLVWREHLQVWDOOHG
 7KHYHQWV\VWHPFRQ¿JXUDWLRQWREHXVHG
 *DVVXSSO\SLSLQJ
 (OHFWULFDOZLULQJ
 )UDPLQJDQG¿QLVKLQJGHWDLOV
 :KHWKHURSWLRQDODFFHVVRULHV²GHYLFHVVXFKDVDIDQ
ZDOOVZLWFKRUUHPRWHFRQWURO²DUHGHVLUHG
127,&(&KHFNEXLOGLQJFRGHVSULRUWRLQVWDOODWLRQ
 ,QVWDOODWLRQ0867FRPSO\ZLWKORFDOUHJLRQDOVWDWHDQG
QDWLRQDOFRGHVDQGUHJXODWLRQV
 &RQVXOWLQVXUDQFHFDUULHUORFDOEXLOGLQJLQVSHFWRU¿UH
RI¿FLDOVRUDXWKRULWLHVKDYLQJMXULVGLFWLRQRYHUUHVWULFWLRQV
LQVWDOODWLRQLQVSHFWLRQDQGSHUPLWV
127,&( +HDUWK  +RPH 7HFKQRORJLHV DVVXPHV QR
UHVSRQVLELOLW\IRUWKHLPSURSHUSHUIRUPDQFHRIWKH¿UHSODFH
V\VWHPFDXVHGE\
 ,QDGHTXDWHGUDIWGXHWRHQYLURQPHQWDOFRQGLWLRQV
 'RZQGUDIWV
 7LJKWVHDOLQJFRQVWUXFWLRQRIWKHVWUXFWXUH
 0HFKDQLFDOH[KDXVWLQJGHYLFHV
 ,PSURSHUORFDWLRQRIWKHFKLPQH\
&'UDIW
 127,&(-XQFWLRQER[VKRXOGEHLQVWDOOHGGXULQJLQLWLDO
VHWXSWRDYRLGPDMRUUHFRQVWUXFWLRQ
+HDW*OR(;&/$,0(;&/$,05HY-


0DUJLQDO/RFDWLRQ
 %HORZSHDN
/RFDWLRQ127UHFRPPHQGHG
 1RWWKHKLJKHVWSRLQWRIWKHURRI
 :LQGORDGLQJSRVVLEOH
0XOWLOHYHO5RRIV
:LQGZDUG
/HHZDUG
5HFRPPHQGHG/RFDWLRQ
 $ERYHSHDN
5HFRPPHQGHG
 ,QVXODWHGH[WHULRUFKDVH
LQFRROHUFOLPDWHV
5HFRPPHQGHG/RFDWLRQ
 $ERYHSHDN
 ,QVLGHKHDWHGVSDFH
/RFDWLRQ127UHFRPPHQGHG
 7RRFORVHWRWUHH
 %HORZDGMDFHQWVWUXFWXUH
 /RZHUURRIOLQH
 $YRLGRXWVLGHZDOO
0DUJLQDO/RFDWLRQ
 :LQGORDGLQJSRVVLEOH
)LJXUH 5HFRPPHQGHG&KLPQH\/RFDWLRQV
(/RFDWLQJ)LUHSODFH&KLPQH\
/RFDWLRQRIWKH¿UHSODFHDQGFKLPQH\ZLOODIIHFWSHUIRU
PDQFH
 ,QVWDOOZLWKLQWKHZDUPDLUVSDFHHQFORVHGE\WKHEXLOGLQJ
HQYHORSH7KLVKHOSVWRSURGXFHPRUHGUDIWHVSHFLDOO\
GXULQJOLJKWLQJDQGGLHGRZQRIWKH¿UH
 3HQHWUDWHWKHKLJKHVWSDUWRIWKHURRI7KLVPLQLPL]HV
WKHHIIHFWVRIZLQGORDGLQJ
 /RFDWH WHUPLQDWLRQ FDS DZD\ IURP WUHHV DGMDFHQW
VWUXFWXUHVXQHYHQURRIOLQHVDQGRWKHUREVWUXFWLRQV
 0LQLPL]HWKHXVHRIFKLPQH\RIIVHWV
 &RQVLGHUWKH¿UHSODFHORFDWLRQUHODWLYHWRÀRRUDQGFHLOLQJ
DQGDWWLFMRLVWV
 7DNHLQWRFRQVLGHUDWLRQWKHWHUPLQDWLRQUHTXLUHPHQWVLQ
6HFWLRQDQG6HFWLRQ
127,&(/RFDWLQJWKH¿UHSODFHLQDEDVHPHQWRULQDORFDWLRQ
RIFRQVLGHUDEOHDLUPRYHPHQWFDQFDXVHLQWHUPLWWHQWVPRNH
VSLOODJHIURP¿UHSODFH'RQRWORFDWH¿UHSODFHQHDU
 IUHTXHQWO\RSHQGRRUV
 FHQWUDOKHDWRXWOHWVRUUHWXUQV
+HDW*OR(;&/$,0(;&/$,05HY-


%HIRUHEHJLQQLQJWKHLQVWDOODWLRQEHVXUHWKHIROORZLQJ
WRROVDQGEXLOGLQJVXSSOLHVDUHDYDLODEOH
5HFLSURFDWLQJVDZ )UDPLQJPDWHULDO
3OLHUV 1RQFRPEXVWLEOHVHDODQW
+DPPHU *ORYHV
3KLOOLSVVFUHZGULYHU )UDPLQJVTXDUH
)ODWEODGHVFUHZGULYHU (OHFWULFGULOODQGELWV
3OXPEOLQH 6DIHW\JODVVHV
/HYHO 7DSHPHDVXUH
LQOHQJWKRUVHOIGULOOLQJVFUHZV
0LVFVFUHZVDQGQDLOV
) 7RROVDQG6XSSOLHV1HHGHG +,QVSHFW)LUHSODFHDQG&RPSRQHQWV
:$51,1*5LVNRI)LUHDQGRU([SORVLRQ'DPDJHG
SDUWVFRXOGLPSDLUVDIHRSHUDWLRQ'2127LQVWDOOGDP
DJHGLQFRPSOHWHRUVXEVWLWXWHFRPSRQHQWV.HHS¿UH
SODFHGU\
 5HPRYH ¿UHSODFH DQG FRPSRQHQWV IURP SDFNDJLQJ
SOHDVHUHIHUWR6HFWLRQDQGLQVSHFWIRUGDPDJH
 9HQW V\VWHP FRPSRQHQWV DQG GRRUV DUH VKLSSHG LQ
VHSDUDWHSDFNDJHV
 5HSRUWWR\RXUGHDOHUDQ\SDUWVGDPDJHGLQVKLSPHQW
 5HDG DOO WKH LQVWUXFWLRQV EHIRUH VWDUWLQJ WKH
LQVWDOODWLRQ )ROORZ WKHVH LQVWUXFWLRQV FDUHIXOO\
GXULQJ WKH LQVWDOODWLRQ WR HQVXUH PD[LPXP VDIHW\
DQGEHQH¿W
*)LUHSODFH6\VWHP5HTXLUHPHQWV
7KLV¿UHSODFHV\VWHPUHTXLUHV
 +HDUWK5HIUDFWRU\
 *UDWH$VVHPEO\
 2XWVLGH$LU+RRG
 'XFWPXVWEHLQVWDOOHGEXWVROGVHSDUDWHO\
+HDW*OR(;&/$,0(;&/$,05HY-


)UDPLQJ&OHDUDQFHV
)
'
(
$
LQPP
DOOFRQILJXUDWLRQV
,QDQH[WHULRU
FKDVHRUSURMHFWLQJ
LQWRDJDUDJH
$FURVVD
FRUQHU
$VDURRP
GLYLGHU
$ORQJDZDOO
*
% $
*
*
%
$
LQ
PP
PLQ
+
A
+
1RWH
1RWH
([FODLPLQPP
([FODLPLQ
PPPLQLPXPGLVWDQFH
IURPVLGHVEDFNRI
ILUHSODFHWRFRPEXVWLEOH
PDWHULDOV
%27+LQPP
PLQLPXPDWQDLOLQJIODQJHV
,QDGGLWLRQWRWKHVH
IUDPLQJGLPHQVLRQVDOVR
UHIHUHQFHWKHIROORZLQJ
VHFWLRQV
 &OHDUDQFHV6HFWLRQ
%
 0DQWHO3URMHFWLRQV
6HFWLRQ(
 )LUHSODFH'LPHQVLRQV
6HFWLRQ$
&
+
B
$%&'( )* +
LQFKHV       
PP       
LQFKHV       
PP       
0RGHO
(;&/$,0
(;&/$,0
LQPP
0LQLPXPIURP)3RSHQLQJWR
DQ\SHUSHQGLFXODUZDOO
)LJXUH )LUHSODFH/RFDWLRQV)UDPLQJGLPHQVLRQVVKRZQ
$6HOHFW)LUHSODFH/RFDWLRQ
+HDW*OR(;&/$,0(;&/$,05HY-


%&OHDUDQFHV
:$51,1*5LVNRI)LUH<RXPXVWFRPSO\ZLWKDOOPLQLPXPDLUVSDFHFOHDUDQFHVWRFRPEXVWLEOHVDVVSHFL¿HGLQ)LJ
XUH'2127SDFNUHTXLUHGDLUVSDFHVZLWKLQVXODWLRQRURWKHUPDWHULDOV
+HDW*OR(;&/$,0(;&/$,05HY-
LQVXODWLRQ
LQWROHYHO
RIVWDQGRIIV
$WWLF
,QVXODWLRQ
6KLHOG
FHLOLQJ
URRI
DWWLF
FHLOLQJ
&HLOLQJ)LUHVWRS
2IIVHW5HWXUQVHFXUHG
ZLWKKDQJHUVWUDSV
6WRUP&ROODU
5RRI)ODVKLQJ
&OHDUDQFHWREDFN
VLGHVRIDSSOLDQFH
([FODLPLQPP
([FODLPLQPP
H[FHSWDWQDLOLQJIODQJHV
ZKHUHLWLVLQ>PP@
0XVWKDYHLQPP
PLQLPXPFOHDUDQFH
WRKHDGHU
LQ
WRIORRU
LQPPPLQ
6KDGHGDUHDV
UHSUHVHQW
LQPPPLQ
DLUVSDFHFOHDUDQFH
UHTXLUHGDURXQGSLSH
&RPEXVWLEOH2EMHFW
LQ
PP
$GDSWHUDWWDFKHGKHUHQRWVKRZQ
)LJXUH &OHDUDQFHVWR&RPEXVWLEOH0DWHULDOV
1RWH&KLPQH\DLUNLWDQGLQPPDGDSWHUDUHQRWVKRZQ
EXWDUHUHTXLUHGLQ&DQDGD


%
&
$
LQPP
PLQDLUVSDFH
FOHDUDQFH
IURPFKLPQH\
+HDGHU0867127EHQRWFKHG
'
' H[WUDVSDFHQHHGHGIRURXWVLGHDLUFRQQHFWLRQ
,IRXWVLGHDLUGXFWKDVQREHQGWKLVGLPHQVLRQPD\EH
UHGXFHGDVORQJDVPLQLPXPFOHDUDQFHVDUHPHW
0RGHO $ % &
'
GXFW
'
GXFW
LQ     
PP     
LQ     
PP     
,ILQWHULRURIFKDVHZLOOEHGU\ZDOOHGDGGWKHWKLFNQHVVWR
WKLVPHDVXUHPHQW
$GMXVWKHDGHUKHLJKWIRUDUDLVHGIORRUXQGHUILUHSODFH
(;&/$,0
(;&/$,0
)LUHSODFHKHDGHUFDQQRWEHSRVLWLRQHGXQWLO
DIWHUWKHILUHSODFHDVVHPEO\LVLQSODFH
')UDPHWKH)LUHSODFH
)LJXUHVKRZVW\SLFDOIUDPLQJXVLQJFRPEXVWLEOHPDWHULDOV[OXPEHUVKRZQ
 2EVHUYHDOOUHTXLUHGDLUVSDFHFOHDUDQFHVWRFRPEXVWLEOHPDWHULDOVDVVKRZQLQ)LJXUH
 )UDPLQJDFURVVWKHWRSRI¿UHSODFHPXVWEHDERYHWRSVWDQGRIIV
)LJXUH )UDPLQJWKH)LUHSODFH
&6LGHZDOOV6XUURXQGV
 $GMDFHQWFRPEXVWLEOHVLGHZDOOVPXVWEHORFDWHGDPLQLPXPLQPPIURPWKH¿UHSODFHRSHQLQJ
 &RPEXVWLEOHDQGQRQFRPEXVWLEOHPDQWHOOHJVVXUURXQGVDQGVWXEZDOOVPD\EHFRQVWUXFWHGZLWKLQWKHJULGGHGDUHD
)LJXUH
)LJXUH 0DQWHO/HJRU:DOO3URMHFWLRQV$FFHSWDEOHRQERWKVLGHVRIRSHQLQJ
$

LQ
>PP@
LQ
>PP@
LQ
>PP@
LQ
>PP@
)/86+
)5217
LQ
>PP@
%5,&.
)5217
DQJOH
DQJOH
*ULGUHSUHVHQWV
LQFKVFDOH
%
0RGHO  $ %
([FODLP LQFKHV  
PP  
([FODLP LQFKHV  
PP  
+HDW*OR(;&/$,0(;&/$,05HY-