manuals.online logo
Brands
  1. Home
  2. •
  3. Brands
  4. •
  5. Quadra-Fire
  6. •
  7. Indoor Fireplace
  8. •
  9. Quadra-Fire 3100-I User manual

Quadra-Fire 3100-I User manual

Other manuals for 3100-I

2

Other Quadra-Fire Indoor Fireplace manuals

Quadra-Fire YOSEMITE-MBK User manual

Quadra-Fire

Quadra-Fire YOSEMITE-MBK User manual

Quadra-Fire EXPLORER III Series User manual

Quadra-Fire

Quadra-Fire EXPLORER III Series User manual

Quadra-Fire VOYA-GRAND-MBK User manual

Quadra-Fire

Quadra-Fire VOYA-GRAND-MBK User manual

Quadra-Fire QFI35FB-IFT User manual

Quadra-Fire

Quadra-Fire QFI35FB-IFT User manual

Quadra-Fire EXPLR-I-MBK User manual

Quadra-Fire

Quadra-Fire EXPLR-I-MBK User manual

Quadra-Fire PELLET INSERT CB1200MI-MBK User manual

Quadra-Fire

Quadra-Fire PELLET INSERT CB1200MI-MBK User manual

Quadra-Fire QFI30FB User manual

Quadra-Fire

Quadra-Fire QFI30FB User manual

Quadra-Fire CASTILEI-MBK User manual

Quadra-Fire

Quadra-Fire CASTILEI-MBK User manual

Quadra-Fire VILLAGE COLLECTION Manual

Quadra-Fire

Quadra-Fire VILLAGE COLLECTION Manual

Quadra-Fire 7100FP-GD-B User manual

Quadra-Fire

Quadra-Fire 7100FP-GD-B User manual

Quadra-Fire Quadra-Fire 2700-I User manual

Quadra-Fire

Quadra-Fire Quadra-Fire 2700-I User manual

Quadra-Fire PELLET INSERT CB1200MI-MBK User manual

Quadra-Fire

Quadra-Fire PELLET INSERT CB1200MI-MBK User manual

Quadra-Fire 41I-ACC User manual

Quadra-Fire

Quadra-Fire 41I-ACC User manual

Quadra-Fire CB1200I-C User manual

Quadra-Fire

Quadra-Fire CB1200I-C User manual

Quadra-Fire HUDBAY-INS User manual

Quadra-Fire

Quadra-Fire HUDBAY-INS User manual

Quadra-Fire EXPEDITION II User manual

Quadra-Fire

Quadra-Fire EXPEDITION II User manual

Quadra-Fire 31I-ACC User manual

Quadra-Fire

Quadra-Fire 31I-ACC User manual

Quadra-Fire Edge60 User manual

Quadra-Fire

Quadra-Fire Edge60 User manual

Quadra-Fire QV32B-A User manual

Quadra-Fire

Quadra-Fire QV32B-A User manual

Quadra-Fire 5100I User manual

Quadra-Fire

Quadra-Fire 5100I User manual

Quadra-Fire QVI30S User manual

Quadra-Fire

Quadra-Fire QVI30S User manual

Quadra-Fire 7100FP-GD-B User manual

Quadra-Fire

Quadra-Fire 7100FP-GD-B User manual

Quadra-Fire PELLET INSERT CB1200MI-MBK Safety guide

Quadra-Fire

Quadra-Fire PELLET INSERT CB1200MI-MBK Safety guide

Quadra-Fire 5100I User manual

Quadra-Fire

Quadra-Fire 5100I User manual

Popular Indoor Fireplace manuals by other brands

Napoleon NEFL42CHD-1 manual

Napoleon

Napoleon NEFL42CHD-1 manual

Masport WOOD FIRE installation guide

Masport

Masport WOOD FIRE installation guide

JAYLINE SS280 Installation & operation instructions

JAYLINE

JAYLINE SS280 Installation & operation instructions

Heat-N-Glo SL-32S Installation

Heat-N-Glo

Heat-N-Glo SL-32S Installation

kozy heat Bellingham 52 quick start guide

kozy heat

kozy heat Bellingham 52 quick start guide

Paragon Fires ROOM SEALED INSET LIVE FUEL EFFECT GAS FIRE owner's manual

Paragon Fires

Paragon Fires ROOM SEALED INSET LIVE FUEL EFFECT GAS FIRE owner's manual

Monessen Hearth LCUF32CR-B Installation & owner's manual

Monessen Hearth

Monessen Hearth LCUF32CR-B Installation & owner's manual

PuraFlame Galena owner's manual

PuraFlame

PuraFlame Galena owner's manual

Dimplex Toluca Deluxe instruction manual

Dimplex

Dimplex Toluca Deluxe instruction manual

SEI TENNYSON FA8544AO Assembly instructions

SEI

SEI TENNYSON FA8544AO Assembly instructions

Dru G25 installation manual

Dru

Dru G25 installation manual

Capital fireplaces Designline DL700 Installation and user instructions

Capital fireplaces

Capital fireplaces Designline DL700 Installation and user instructions

IronStrike VINTAGE VINT-DVS-U Installation and operation

IronStrike

IronStrike VINTAGE VINT-DVS-U Installation and operation

ACR Heat HERITAGE N25 Installation and operating instruction manual

ACR Heat

ACR Heat HERITAGE N25 Installation and operating instruction manual

European Home HVF-42 Installation, operation and owner's manual

European Home

European Home HVF-42 Installation, operation and owner's manual

Harman Home Heating Accentra Insert Installation & operating manual

Harman Home Heating

Harman Home Heating Accentra Insert Installation & operating manual

Trimline Fires Zircon 1024 installation instructions

Trimline Fires

Trimline Fires Zircon 1024 installation instructions

Cannon Fitzroy Inbuilt installation instructions

Cannon

Cannon Fitzroy Inbuilt installation instructions

manuals.online logo
manuals.online logoBrands
  • About & Mission
  • Contact us
  • Privacy Policy
  • Terms and Conditions

Copyright 2025 Manuals.Online. All Rights Reserved.

5
ZZZTXDGUD¿UHFRP & 1RYHPEHU
'2127',6&$5'7+,60$18$/
&$87,21
 ,PSRUWDQW RSHUDWLQJ
DQG PDLQWHQDQFH
LQVWUXFWLRQVLQFOXGHG
 /HDYHWKLVPDQXDOZLWK
SDUW\ UHVSRQVLEOH IRU
XVHDQGRSHUDWLRQ
 5HDG HQWLUH PDQXDO XQGHU
VWDQG DQG IROORZ WKHVH
LQVWUXFWLRQVEHIRUHLQVWDOODWLRQ
DQGRSHUDWLRQ
'2127
',6
&$ 5'
:$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,IKHDWHURUFKLPQH\FRQ
QHFWRUJORZV\RXDUHRYHU¿ULQJ2YHU¿ULQJ
ZLOOYRLG\RXUZDUUDQW\
 &RPSO\ZLWKDOOPLQLPXPFOHDUDQFHVWR
FRPEXVWLEOHVDVVSHFL¿HG)DLOXUHWR
FRPSO\PD\FDXVHKRXVH¿UH
)LUH5LVN
:$51,1*
)RUXVHZLWKVROLGZRRGIXHORQO\
2WKHUIXHOVPD\RYHU¿UHDQGJHQHUDWH
SRLVRQRXVJDVHVLHFDUERQPRQR[LGH
,QVWDOODWLRQDQGVHUYLFHRIWKLVDSSOLDQFHVKRXOG
EHSHUIRUPHGE\TXDOL¿HGSHUVRQQHO+HDUWK
+RPH7HFKQRORJLHVUHFRPPHQGV1),FHUWL¿HG
SURIHVVLRQDOVRUWHFKQLFLDQVVXSHUYLVHGE\DQ
1),FHUWL¿HGSURIHVVLRQDO
:$51,1*
+RWJODVVZLOOFDXVHEXUQV
 'RQRW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
2:1(5¶60$18$/
,QVWDOODWLRQDQG2SHUDWLRQ
0RGHO
,$&&
,$&&:22',16(57
$XWRPDWLF&RPEXVWLRQ&RQWURO$&&
3DJH & 1RYHPEHU
5
,$&&:RRG,QVHUW
+HDUWK+RPH7HFKQRORJLHVZHOFRPHV\RXWRRXUWUDGLWLRQ
RI H[FHOOHQFH  ,Q FKRRVLQJ D 4XDGUD)LUH DSSOLDQFH \RX
KDYHRXUDVVXUDQFHRIFRPPLWPHQWWRTXDOLW\GXUDELOLW\DQG
SHUIRUPDQFH
7KLV FRPPLWPHQW EHJLQV ZLWK RXU UHVHDUFK RI WKH PDUNHW
LQFOXGLQJ µ9RLFH RI WKH &XVWRPHU¶ FRQWDFWV HQVXULQJ ZH
PDNHSURGXFWVWKDWZLOOVDWLVI\\RXUQHHGV2XU5HVHDUFK
DQG 'HYHORSPHQW IDFLOLW\ WKHQ HPSOR\V WKH ZRUOG¶V PRVW
DGYDQFHG WHFKQRORJ\ WR DFKLHYH WKH RSWLPXP RSHUDWLRQ
RIRXUVWRYHVLQVHUWVDQG¿UHSODFHV$QG\HWZHDUHROG
IDVKLRQHG ZKHQ LW FRPHV WR FUDIWVPDQVKLS  (DFK XQLW LV
PHWLFXORXVO\ IDEULFDWHG DQG JROG DQG QLFNHO VXUIDFHV DUH
KDQG¿QLVKHGIRUODVWLQJEHDXW\DQGHQMR\PHQW2XUSOHGJH
WRTXDOLW\LVFRPSOHWHGDVHDFKPRGHOXQGHUJRHVDTXDOLW\
FRQWUROLQVSHFWLRQ
:HZLVK\RXDQG\RXUIDPLO\PDQ\ \HDUVRI HQMR\PHQWLQ
WKH ZDUPWK DQG FRPIRUW RI \RXU KHDUWK DSSOLDQFH 7KDQN
\RXIRUFKRRVLQJ4XDGUD)LUH
6$03/(2)6(5,$/180%(56$)(7</$%(/
/2&$7,2181'(5$6+/,32138//2873/$7(
and Welcome to the Quadra-Fire Family!
127(&OHDUDQFHVPD\RQO\EHUHGXFHGE\PHDQV
DSSURYHGE\WKHUHJXODWRU\DXWKRULW\KDYLQJMXULVGLFWLRQ
6HULDO1R1XPpUR'H6pULH
86(19,5210(17$/3527(&7,21$*(1&<&HUWLILHGWRFRPSO\ZLWK-XO\SDUWLFXODWHHPLVVLRQVWDQGDUGV
-DQ)HE0DU$SU0D\-XQH-XO\ $XJ6HSW2FW1RY'HF
/,67('5220+($7(562/,')8(/7<3()RU8VHZLWK6ROLG:RRG)XHO2QO\
&
5
&$87,21
,
QVWDOODQGXVHRQO\LQDFFRUGDQFHZLWKPDQXIDFWXUHUVLQVWDOODWLRQYHQWLQJ DQG
RSHUDWLQJLQVWUXFWLRQV
&217$&7<285/2&$/%8,/',1*25),5(2)),&,$/6$%287
5(675,&7,216$1',167$//$7,21,163(&7,21,1<285$5($
5HIHUWRPDQXIDFWXUHUVLQVWUXFWLRQVDQGORFDOFRGHVIRUSUHFDXWLRQVUHTXLUHGIRU
SDVVLQJFKLPQH\WKURXJKDFRPEXVWLEOHZDOORUFHLOLQJ
:KHQXVHGDVDPDVRQU\LQVHUWVWRYHLQVWDOORQO\LQDPDVRQU\ILUHSODFHEXLOWWR
QDWLRQDO DQGRU ORFDO FRGHV 'R QRW UHPRYH EULFN RU PRUWDU WR DFFRPPRGDWH
LQVHUW,QVWDOODWLRQUHTXLUHVPLQLPXPRIDVWDUWHUSLSHLQWRH[LVWLQJFKLPQH\ZLWK
DLUWLJKWIDFHVHDO
,QVWDOORQO\ RQ D QRQFRPEXVWLEOHKHDUWK$SSURYHG IRULQVWDOODWLRQ DQG XVH LQ
IDFWRU\ EXLOW ]HURFOHDUDQFH ILUHSODFHV FRQIRUPLQJ WR PLQLPXP ILUH FKDPEHU
VSHFLILFDWLRQVIROORZLQVWUXFWLRQVLQWKHRZQHU¶VPDQXDO
&RPSRQHQWVUHTXLUHGIRULQVWDOODWLRQSRVLWLYHRUGLUHFWIOXHFRQQHFWLRQDVVHPEO\
RUOLVWHGYHQWOLQHU
,Q &DQDGD D IXOO OHQJWK  LQFKPP 6 IOXH OLQHU LV UHTXLUHGDVSHU 8/&
6
:$51,1*,QVSHFWDQGFOHDQFKLPQH\IUHTXHQWO\8QGHUFHUWDLQFRQGLWLRQVRI
XVHFUHRVRWHEXLOGXSPD\RFFXUUDSLGO\
'RQRWFRQQHFWWKLVXQLWWRDFKLPQH\VHUYLQJDQRWKHUDSSOLDQFH
'$1*(5  5LVN RI HOHFWULFDO VKRFN  'LVFRQQHFW SRZHU VXSSO\ EHIRUH
VHUYLFLQJ5RXWHSRZHUFRUGDZD\IURPXQLW'RQRWURXWHFRUGXQGHURULQIURQW
RIDSSOLDQFH
(OHFWULFDO5DWLQJ9$&$036+]
'RQRWXVHJUDWHRUHOHYDWHILUH%XLOGZRRGILUHGLUHFWO\RQILUHEULFN
'RQRWRYHUILUH,IKHDWHURUFKLPQH\FRQQHFWRUJORZV\RXDUHRYHUILULQJ
2SHUDWHRQO\ZLWKGRRUVFORVHG2SHQRQO\WRDGGIXHOWRWKHILUH
5HSODFHJODVVRQO\ZLWKPPFHUDPLFDYDLODEOHIURP\RXUGHDOHU
237,21$/&20321(1760DQWHO'HIOHFWRU3DUW
35(9(17+286(),5(6
+27:+,/(,123(5$7,21'2127728&+.((3&+,/'5(1&/27+,1*$:$<&217$&70$<
&$86(6.,1 %8516 6(( 1$0(3/$7($1' ,16758&7,216 .((3)851,6+,1*6$1' 27+(5
&20%867,%/(0$7(5,$/6)$5$:$<)5207+($33/,$1&(
1+LJKZD\&ROYLOOH:$
0RGHO0RGqOH

,
$&&,16(57
$77(17,21

'21275(029(7+,6/$%(/1(3$6(1/(9(5/e7,48(77(

0DQXIDFWXUHGE\
)DEULTXpSDU
7HVWHGWR7HVWpD
8/8/&6
$77(17,21,QVSHFWH]HWQHWWR\H]ODFKHPLQpHIUpTXHPPHQW6RXVFHUWDLQHVFRQGLWLRQVLOVHSHXWTXH
ODFUpRVRWHVDFFXPXOHUDSLGHPHQW
1HSDVFRQQHFWHUFHWDSSDUHLOjXQHFKHPLQpHVHUYDQWXQDXWUHDSSDUHLO
'$1*(5,O\DULVTXHGHGpFKDUJHpOHFWULTXH 'pFRQQHFWH] OHILO pOHFWULTXHGH ODSULVH GHFRQWDFW DYDQWOH
VHUYLFH
eORLJQH] OH ILO pOHFWULTXH GH ODSSDUHLO 1H SDV IDLUH SDVVHU OH ILO pOHFWULTXH DX GHVVXV RX HQ GHVVRXV GH
ODSSDUHLO
3XLVVDQFHeOHFWULTXH9$&$PSV+]
1pOHYH]SDVOHIHX%kWLVVH]OHIHXGHERLVGLUHFWHPHQWVXUOkWUH
1
HSDVVXUFKDXIIHU6LODSSDUHLOGHFKDXIIDJHRXOHWX\DXGHFKHPLQpHURXJLVVHQWYRXVVXUFKDXIIH]
2SpUH]ODSSDUHLOVHXOHPHQWORUVTXHODSRUWHGHFKDUJHPHQWHVWIHUPpH2XYUH]ODSRUWHVHXOHPHQWORUVTXH
YRXVGHYH]DMRXWHUGHVFRPEXVWLEOHVGDQVOHIHX
5HPSODFH]ODYLWUHVHXOHPHQWDYHFXQHYLWUHFpUDPLTXHGHPPGLVSRQLEOHFKH]YRWUHIRXUQLVVHXU
3,Ê&(6237,211(//(6'pIOHFWHXUGHFKHPLQpHG3LpFH
$33$5(,/'(&+$8))$*('(3,Ê&('(7<3('(&20%867,%/(62/,'(
35e9(17,21'(6)(8;'(0$,621
,QVWDOOH]HW XWLOLVH] HQ DFFRUG DYHF OHV LQVWUXFWLRQV GLQVWDOODWLRQ HW GRSpUDWLRQGXIDEULFDQW &RQWDFWH] OH
EXUHDX GH OD FRQVWUXFWLRQ RX OH EXUHDX GHV LQFHQGLHV DX VXMHW GHV UHVWULFWLRQV HW GHV LQVSHFWLRQV
GLQVWDOODWLRQGDQVYRWUHYRLVLQDJH
5pIpUH]YRXVDX[LQVWUXFWLRQVGXIDEULFDQWHWGHVFRGHVORFDX[SRXUOHVSUpFDXWLRQVUHTXLVHVSRXUSDVVHU
XQHFKHPLQpHjWUDYHUVXQPXURXXQSODIRQGFRPEXVWLEOHVHWOHVFRPSHQVDWLRQVPD[LPXPV
/RUVTXHYRXVXWLOLVH]XQSRrOHLQVpUpIDEULTXpHQEULTXHVLQVWDOOH]XQIR\HUHQEULTXHVIDEULTXpVHORQGHV
FRGHVQDWLRQDOHWRXORFDX[1HSDVHQOHYHUGHODEULTXHRXGXPRUWLHUSRXUDFFRPPRGHUODSLqFHLQVpUpH
/LQVWDOODWLRQGHPDQGHXQWX\DXDOODQWGHODFKHPLQpHH[LVWDQWHDYHFXQFRXYHUWKHUPpWLTXH
,QVWDOOH]VHXOHPHQWVXUXQIR\HULQFRPEXVWLEOH$SSURXYpSRXUOLQVWDOODWLRQHWOXVDJHGDQVOHVFKHPLQpHV
DYHFHVSDFHOLEUHGH]pURIDEULTXpHVHQXVLQHHWVHFRQIRUPDQWDX[VSpFLILFDWLRQVPLQLPXPGHFKDPEUHGH
IHX
/HVSLqFHVH[LJpHVSRXUOLQVWDOODWLRQWX\DXSRVLWLIRXGLUHFWSRXUFRQQH[LRQGHODVVHPEOpHRXODGRXEOXUH
GXWX\DXHQUHJLVWUp
$X&DQDGDXQWX\DXGRXEOpGHJUDQGHXUGHLQFKPP6HVWH[LJpSDUOHFRGH8/&6
&+$8'/256'(/23e5$7,211(3$6728&+(5*$5'(= /(6(1)$176 (7/(69Ç7(0(176/2,1'( /(63$&('e6,*1e'(
/,167$//$7,21 /( &217$&7 3(87 &$86(5 '(6 %5Ó/85(6 ¬ /$ 3($8 *$5'(= /(6 0(8%/(6 (7 /(6 0$7e5,$8;
&20%867,%/(6/2,1'(/(63$&('e6,*1e'(/$33$5(,/92,5/e7,48(77((7/(6,16758&7,216
1RQFRPEXVWLEOHIORRUSURWHFWRUPXVW H[WHQGLQFKHV PPWRERWKVLGHV 6HHFKDUW IRU
WKHUPDOSURWHFWLRQUHTXLUHPHQWVDQGFOHDUDQFHVIRUIURQWKHDUWKH[WHQVLRQV0LQLPXPRILQFK
PPWKHUPDOSURWHFWLRQNYDOXH 5YDOXHUHTXLUHGXQGHULQVHUWEDVHRQDOO
]HURFOHDUDQFHFDQLQVWDOODWLRQV0LQLPXPRILQFKPPWKHUPDOSURWHFWLRQNYDOXH 
5YDOXHUHTXLUHGXQGHUEDVHRIIDFWRU\RUVLWHPDGH]HURFOHDUDQFHDGMXVWDEOHWULP
VXSSRUWIRUDOOKHLJKWV
0LQLPXP&OHDUDQFHV7R&RPEXVWLEOH0DWHULDO
(VSDFHV/LEUHV0LQLPXP'HV0DWpULDX[&RPEXVWLEOHV
+HDUWK([WHQVLRQ([WHQVLRQGHOkWUH
7+(50$/3527(&7,21 3URWHFWLRQ7KHUPLTXH
(VSDFH/LEUH0DQWHDXGH&KHPLQpH
1R0DQWHO'HIOHFWRU
3DVGHSURWHFWLRQGHFKHPLQpH
QD

´
%
QD
QD
&
&$1$'$
&
QD

´
%
QD

´
86$
eWDWV8QLV




(
)/2253527(&7,21
3527(&7,21'83/$1&+(5
)ORRUKHLJKWWRWREHORZ,QVHUW%DVH
+DXWHXUGXVROGH´j´jVRXVODEDVHGHO¶LQVHUW
)ORRUKHLJKWJUHDWHUWKDQEHORZ,QVHUW%DVH

+DXWHXUGHVROVXSpULHXUHj´VRXVODEDVHGHO¶LQVHUW
LQFKRIN 5 

´
$
´
QD
QD
'
´
QD
QD
0DVRQU\+HDW([FKDQJHU=HUR
&OHDUDQFH
(QEULTXHV&LUFXODQWODFKDOHXU
GHVSDFHOLEUH
0$17(/&/($5$1&(6
ZZZTXDGUDILUHFRP

$
%
&
'
)(
6LGH:DOO 0XUGH&{Wp
0D[LPXP0DQWHO'HSWKPP
3URIRQGHXU0D[LPXPGHOD0DQWHDXGH&KHPLQpHPP
)DVFLDRU7ULP

3DQQHDXRX0RXOXUH

0DQWHO
0DQWHDXGH&KHPLQpH
)XHO
'RRU
$'

QD
QD
QD

´
ZLWK0DQWHO'HIOHFWRU
DYHFXQGpIOHFWHXUGHFKHPLQpH
86$

eWDWV8QLV
&$1$'$
(
))


86$
eWDWV8QLV&DQDGD
)ORRUKHLJKWWRWREHORZ,QVHUW%DVH
+DXWHXUGXVROGH´j´jVRXVODEDVHGHO¶LQVHUW
)ORRUKHLJKWJUHDWHUWKDQEHORZ,QVHUW%DVH
+DXWHXUGHVROVXSpULHXUHj´VRXVODEDVHGHO¶LQVHUW
LQFKRIN 5 
/D SURWHFWLRQ GH VRO QRQFRPEXVWLEOH GRLW rWUH pWHQGXH j  LQFKHV  PP GH FKDTXH
F{WpV6HUpIpUHUDX[WDEOHDX[GHVH[LJHQFHVGHSURWHFWLRQWKHUPLTXHHWGLVWDQFHVPLQLPDOHV
GHVH[WHQVLRQVGH ODSURWHFWLRQ VROIURQWDOH 0LQLPXPG¶XQ SRXFHGH SURWHFWLRQWKHUPDOH
YDOHXU³N´ YDOHXU³5´±UHTXLVHVRXVODEDVH GH O¶DSSDUHLOSRXUWRXWHLQVWDOODWLRQ
VDQVGpJDJHPHQW0LQLPXPGHSRXFHGHSURWHFWLRQWKHUPDOHYDOHXU³N´ YDOHXU
³5´±UHTXLVHVRXVODEDVHGHWRXWVXSSRUWGHFRUDWLYHDGMXVWDEOHSRXUWRXWDSSDUHLOVDQV
GpJDJHPHQWTX¶LOVRLWIDEULTXpHQXVLQHRXVXUOHVOLHX[HWTXHOTXHVRLWOHXUVKDXWHXUV
0DGHLQ86$RI86DQG
LPSRUWHGSDUWV
)DEULTXpDX[
eWDWV8QLVG¶$PpULTXHSDUGHV
SLqFHVG¶RULJLQHDPpULFDLQHHW
SLqFHVLPSRUWpHV
201,7HVW/DERUDWRULHV,QF
5HSRUW6
6$03/(
1RYHPEHU & 3DJH
,$&&:RRG,QVHUW
5
&RQJUDWXODWLRQV
6DPSOHRI6DIHW\6HULDO1XPEHU/DEHO
:DUUDQW\3ROLF\
6HFWLRQ/LVWLQJDQG&RGH$SSURYDOV
 $ $SSOLDQFH&HUWL¿FDWLRQV
 % 0RELOH+RPH$SSURYHG
 & *ODVV6SHFL¿FDWLRQV
 ' %78(I¿FLHQF\6SHFL¿FDWLRQV
8VHU¶V*XLGH
6HFWLRQ2SHUDWLQJ,QVWUXFWLRQV
 $ <RXU:RRG$SSOLDQFH
 % )LUH6DIHW\
 & 2YHU¿ULQJ
 ' &RPEXVWLEOH1RQFRPEXVWLEOH0DWHULDO
 ( 6HDVRQHG:RRG
 ) %XUQLQJ3URFHVV
 * $XWRPDWLF&RPEXVWLRQ&RQWURO$&&
 + $LU&RQWUROV
 , %XUQ5DWHVDQG2SHUDWLQJ(I¿FLHQF\
 - &RUUHFW%DIÀH%ODQNHW3ODFHPHQW
 . %XLOGLQJD)LUH
 / :RRG)XHO
 0 %ORZHU&RQWURO%R[6QDS'LVF2SHUDWLRQV
 1 %ORZHU2SHUDWLQJ,QVWUXFWLRQV
 2 &OHDU6SDFH
 3 )UHTXHQWO\$VNHG4XHVWLRQV
 4 2SDFLW\6PRNH
 5 'RRU&ORVLQJ
6HFWLRQ0DLQWHQDQFHDQG6HUYLFH
$ 'LVSRVDORI$VKHV
 % &KLPQH\&KLPQH\&RQQHFWRU
  ,QVSHFWLRQ&OHDQLQJ
 & $SSOLDQFH,QVSHFWLRQ5RXWLQH
 ' &OHDQLQJRI3ODWHG6XUIDFHV
 ( *ODVV&OHDQLQJ
 ) ,QVSHFW)LUHEULFN
 * 4XLFN5HIHUHQFH0DLQWHQDQFH*XLGH
6HFWLRQ7URXEOHVKRRWLQJ*XLGH
6HFWLRQ6HUYLFH3DUWV5HSODFHPHQW
 $ *ODVV5HSODFHPHQW
 % 6QDS'LVF5HSODFHPHQW
 & %DIÀH5HPRYDO
 ' 'RRU+DQGOH$VVHPEO\
 ( 7XEH&KDQQHO$VVHPEO\5HSODFHPHQW
,QVWDOOHU¶V*XLGH
6HFWLRQ*HWWLQJ6WDUWHG
 $ 'HVLJQ,QVWDOODWLRQ/RFDWLRQ
  &RQVLGHUDWLRQV
 % 'UDIW
 & 1HJDWLYH3UHVVXUH
 ' /RFDWLQJ<RXU$SSOLDQFHDQG&KLPQH\
 ( &KLPQH\7HUPLQDWLRQ5HTXLUHPHQWV
 ) 5XOH
 * 7RROVDQG6XSSOLHV1HHGHG
 + )LUH6DIHW\
 , ,QVSHFW$SSOLDQFHDQG&RPSRQHQWV
  DQG3UH8VH&KHFNOLVW
6HFWLRQ'LPHQVLRQVDQG&OHDUDQFHV
 $ $SSOLDQFH'LPHQVLRQV
 % &OHDUDQFHVWR&RPEXVWLEOHV8/DQG8/&
 DQG+HDUWK3URWHFWLRQ5HTXLUHPHQWV
 & $OWHUQDWH)ORRU3URWHFWLRQ&DOFXODWLRQ

6HFWLRQ&KLPQH\6\VWHPV
 $ 9HQWLQJ6\VWHPV
 % ,QVSHFWLRQV
 & /DUJHU&KLPQH\V
 ' 0DVRQU\&KLPQH\
 ( 0HWDO+HDW&LUFXODWLQJ&KLPQH\
 ) 3UHIDEULFDWHG0HWDO&KLPQH\
 * 6HFXULQJ&KLPQH\&RPSRQHQWV
 + $OWHULQJWKH)LUHSODFH
 , =HUR&OHDUDQFH)DFWRU\%XLOW)LUHSODFHV
 - 2YDOL]LQJ5RXQG6WDLQOHVV6WHHO/LQHUV
 . &KLPQH\+HLJKW5LVHDQG5XQ
6HFWLRQ$SSOLDQFH6HWXS
 $ 2XWVLGH$LU,QVWDOODWLRQ
 % 'LVDVVHPEOH)LUHER[2XWHU&DQ
 & 6HFXULQJ6WRYH3LSH/LQHUWR)OXH&ROODU
 ' 2SWLRQDO2IIVHW$GDSWHU,QVWDOODWLRQ
 ( ,QVWDOOLQJ2XWHU&DQ/HYHOLQJ%ROWV
 ) 6XUURXQG7ULP,QVWDOODWLRQ
 * ,QVWDOOLQJ)LUHER[WR2XWHU&DQ
 + 6HFXULQJ$SSOLDQFHWR6WRYH3LSH/LQHU
 , 6QDS'LVF6LGH3DQHO,QVWDOODWLRQ
 - %ORZHU,QVWDOODWLRQ
 . %ORZHU&RUG,QVWDOODWLRQ/HIW6LGH
 / =HUR&OHDUDQFH$GMXVWDEOH7ULP6XSSRUW
6HFWLRQ0REOH+RPH,QVWDOODWLRQ
6HFWLRQ5HIHUHQFH0DWHULDOV
$ ([SORGHG'UDZLQJV
 % 6HUYLFH3DUWV$FFHVVRULHV
 & &RQWDFW,QIRUPDWLRQ
7$%/(2)&217(176
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PD\UHVXOWLQGHDWKRUVHULRXVLQMXU\
 &$87,21,QGLFDWHVDKD]DUGRXVVLWXDWLRQZKLFKLIQRWDYRLGHGPD\UHVXOWLQPLQRURUPRGHUDWHLQMXU\
 127,&(,QGLFDWHVSUDFWLFHVZKLFKPD\FDXVHGDPDJHWRWKHDSSOLDQFHRUWRSURSHUW\

3DJH & 1RYHPEHU
5
,$&&:RRG,QVHUW
:DUUDQW\3ROLF\
1RYHPEHU & 3DJH
,$&&:RRG,QVHUW
5
3DJH & 1RYHPEHU
5
,$&&:RRG,QVHUW
/LVWLQJDQG&RGH$SSURYDOV
7KH4XDGUD)LUH:RRG,QVHUW$&&PHHWVWKH86
(QYLURQPHQWDO 3URWHFWLRQ$JHQF\¶V  SDUWLFXODWH HPLV
VLRQVWDQGDUGV
$$SSOLDQFH&HUWL¿FDWLRQ
&*ODVV6SHFL¿FDWLRQV
'%78(I¿FLHQF\6SHFL¿FDWLRQV
7KLVVWRYHLVHTXLSSHGZLWKPPFHUDPLFJODVV5HSODFH
JODVVRQO\ZLWKPPFHUDPLFJODVV3OHDVHFRQWDFW\RXU
GHDOHUIRUUHSODFHPHQWJODVV
%0RELOH+RPH$SSURYHG
(3$&HUWL¿HG JUDPVSHUKRXU
(I¿FLHQF\ XSWR
%782XWSXW WR
+HDWLQJ&DSDFLW\ XSWRVTIWGHSHQGLQJ
RQFOLPDWH]RQH
9HQW6L]H LQFKHV
)LUHER[6L]H FXELFIHHW
0D[:RRG/HQJWK LQFKHV
)XHO &RUG:RRG
6KLSSLQJ:HLJKW OEV
0RGHO ,$&&,QVHUW
/DERUDWRU\ 201,7HVW/DERUDWRULHV,QF
5HSRUW1R 6
7\SH 6ROLG)XHO7\SH/LVWHG5RRP+HDWHU
6WDQGDUG 8/DQG8/&6DQG
80+8'0RELOH+RPH
$SSURYHG
127(+HDUWK+RPH7HFKQRORJLHVPDQXIDFWXUHURI
WKLVDSSOLDQFHUHVHUYHVWKHULJKWWRDOWHULWVSURGXFWV
WKHLUVSHFL¿FDWLRQVDQGRUSULFHZLWKRXWQRWLFH
127(7KLVLQVWDOODWLRQPXVWFRQIRUPZLWKORFDOFRGHV,QWKH
DEVHQFHRIORFDOFRGHV\RXPXVWFRPSO\ZLWKWKH8/
80+8'DQG13)$LQWKH86$DQGWKH8/&6
DQG&$1&6$%,QVWDOODWLRQ&RGHVLQ&DQDGD
7KLVDSSOLDQFHLVDSSURYHGIRUPRELOHKRPHLQVWDOODWLRQV
ZKHQQRWLQVWDOOHGLQDVOHHSLQJURRPDQGZKHQDQRXW
VLGHFRPEXVWLRQDLULQOHWLVSURYLGHG
7KHVWUXFWXUDOLQWHJULW\RIWKHPRELOHKRPHÀRRUFHLOLQJ
DQGZDOOVPXVWEHPDLQWDLQHG
7KHDSSOLDQFHPXVWEHSURSHUO\JURXQGHGWRWKHIUDPH
RIWKHPRELOHKRPHZLWKFRSSHUJURXQGZLUHDQGXVH
RQO\OLVWHGGRXEOHZDOOFRQQHFWRUSLSH
2XWVLGH$LU.LWSDUW2$.$&&PXVWEHLQVWDOOHGLQDPR
ELOHKRPHLQVWDOODWLRQ
,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
4XDGUD)LUHLVDUHJLVWHUHGWUDGHPDUNRI+HDUWK+RPH
7HFKQRORJLHV
 ,QVWDOODWLRQDQGXVHRIDQ\GDPDJHGDSSOLDQFH
 0RGL¿FDWLRQRIWKHDSSOLDQFH
 ,QVWDOODWLRQ RWKHU WKDQ DV LQVWUXFWHG E\ +HDUWK  +RPH
7HFKQRORJLHV
 ,QVWDOODWLRQDQGRUXVHRIDQ\FRPSRQHQWSDUWQRWDSSURYHG
E\+HDUWK+RPH7HFKQRORJLHV
 2SHUDWLQJ DSSOLDQFH ZLWKRXW IXOO\ DVVHPEOLQJ DOO
FRPSRQHQWV
 2SHUDWLQJDSSOLDQFHZLWKRXWOHJVDWWDFKHGLIVXSSOLHGZLWK
XQLW
 'R1272YHU¿UH,IDSSOLDQFHRUFKLPQH\FRQQHFWRUJORZV
\RXDUHRYHU¿ULQJ
$Q\VXFKDFWLRQWKDWPD\FDXVHD¿UHKD]DUG
:$51,1*
)LUH5LVN
+HDUWK+RPH7HFKQRORJLHVGLVFODLPVDQ\
UHVSRQVLELOLW\IRUDQGWKHZDUUDQW\ZLOOEH
YRLGHGE\WKHIROORZLQJDFWLRQV
1RYHPEHU & 3DJH
,$&&:RRG,QVHUW
5
2SHUDWLQJ,QVWUXFWLRQV
:$51,1*'2127LQVWDOORURSHUDWHDSSOLDQFHEHIRUHUHDGLQJHQWLUHPDQXDODQGXQGHUVWDQGLQJ
RSHUDWLQJLQVWUXFWLRQV)DLOXUHWRRSHUDWHDSSOLDQFH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DSSOLDQFH
 $OHUWFKLOGUHQDQGDGXOWVWRKD]DUGVRIKLJKWHPSHUDWXUHV
+LJKWHPSHUDWXUHVPD\LJQLWHFORWKLQJRURWKHUÀDPPDEOHPDWHULDOV
 .HHSFORWKLQJIXUQLWXUHGUDSHULHVDQGRWKHUÀDPPDEOHPDWHULDOVDZD\
+27685)$&(6
*ODVVDQGRWKHUVXUIDFHVDUHKRWGXULQJRSHUDWLRQ$1'FRROGRZQ
$<RXU:RRG$SSOLDQFH
)LJXUH*HQHUDO2SHUDWLQJ3DUWV
,I\RXH[SHFWWKDWFKLOGUHQPD\FRPHLQWRFRQWDFWZLWKWKLVDSSOL
DQFH ZH UHFRPPHQG D EDUULHU VXFK DV D GHFRUDWLYH VFUHHQ
6HH\RXUGHDOHUIRUVXJJHVWLRQV
6XUURXQG7ULP6HW
%XUQ5DWH&RQWURO
$&&6WDUW8S
$LU&RQWURO
%ORZHU6SHHG&RQWURO
'RRU+DQGOH
6SULQJ+DQGOH
3DJH & 1RYHPEHU
5
,$&&:RRG,QVHUW
%)LUH6DIHW\
7R SURYLGH UHDVRQDEOH ¿UH VDIHW\ WKH IROORZLQJ VKRXOG EH
JLYHQVHULRXVFRQVLGHUDWLRQ
 ,QVWDOO DW OHDVW RQH VPRNH GHWHFWRU RQ HDFK ÀRRU RI
\RXU KRPH WR HQVXUH \RXU VDIHW\ 7KH\ VKRXOG EH
ORFDWHG DZD\ IURP WKH KHDWLQJ DSSOLDQFH DQG FORVH
WR WKH VOHHSLQJ DUHDV  )ROORZ WKH VPRNH GHWHFWRU
PDQXIDFWXUHU¶VSODFHPHQWDQGLQVWDOODWLRQLQVWUXFWLRQV
DQGEHVXUHWRPDLQWDLQUHJXODUO\
 $FRQYHQLHQWO\ORFDWHG&ODVV$¿UHH[WLQJXLVKHU
 $SUDFWLFHGHYDFXDWLRQSODQFRQVLVWLQJRIDWOHDVWWZR
HVFDSHURXWHV
 ,QWKHHYHQWRIDFKLPQH\¿UH
D 3UHSDUHRFFXSDQWVIRULPPHGLDWHHYDFXDWLRQ
E 1RWLI\¿UHGHSDUWPHQW
'&RPEXVWLEOH1RQFRPEXVWLEOH0DWHULDOV
 &RPEXVWLEOH0DWHULDO
0DWHULDO PDGH RI RU VXUIDFHG ZLWK ZRRG FRPSUHVVHG
SDSHU SODQW ¿EHUV SODVWLFV RU DQ\ PDWHULDO FDSDEOH
RI LJQLWLQJ DQG EXUQLQJ ZKHWKHU ÀDPHSURRIHG RU QRW
SODVWHUHGRUXQSODVWHUHG
 1RQFRPEXVWLEOH0DWHULDO
 0DWHULDOZKLFKZLOOQRWLJQLWHDQGEXUQ6XFKPDWHULDOVDUH
WKRVH FRQVLVWLQJ HQWLUHO\ RI VWHHO LURQ EULFN WLOH VODWH
JODVVRUSODVWHUVRUDQ\FRPELQDWLRQWKHUHRI
 1RQFRPEXVWLEOH6HDODQW0DWHULDO
 6HDODQWV ZKLFK ZLOO QRW LJQLWH DQG EXUQ 5XWODQG ,QF
)LUHSODFH 0RUWDU  5XWODQG 5 1XIOH[  *(
579RU*(57%RUHTXLYDOHQW
(6HDVRQHG:RRG
%XUQRQO\GU\VHDVRQHGZRRG
 6WRUHZRRGXQGHUFRYHURXWRIWKHUDLQDQGVQRZ
 'U\DQGZHOOVHDVRQHGZRRGZLOOQRWRQO\PLQLPL]HWKH
FKDQFHRIFUHRVRWHIRUPDWLRQEXWZLOOJLYH\RXWKHPRVW
HI¿FLHQW¿UH
 (YHQGU\ZRRGFRQWDLQVDWOHDVWPRLVWXUHE\ZHLJKW
DQGVKRXOGEHEXUQHGKRWHQRXJKWRNHHSWKHFKLPQH\
KRWIRUDVORQJDVLWWDNHVWRGU\WKHZRRGRXWDERXWRQH
KRXU
 ,WLVDZDVWHRIHQHUJ\WREXUQXQVHDVRQHGZRRGRIDQ\
NLQG
'HDGZRRGO\LQJRQWKHIRUHVWÀRRUVKRXOGEHFRQVLGHUHGZHW
DQGUHTXLUHVIXOOVHDVRQLQJWLPH
 6WDQGLQJGHDGZRRGFDQEHFRQVLGHUHGWREHDERXW
VHDVRQHG
 7RWHOOLIZRRGLVGU\HQRXJKWREXUQFKHFNWKHHQGVRI
WKHORJV
 ,IWKHUHDUHFUDFNVUDGLDWLQJLQDOOGLUHFWLRQVIURPWKHFHQWHU
LWLVGU\
 ,I\RXUZRRGVL]]OHVLQWKH¿UHHYHQWKRXJKWKHVXUIDFH
LVGU\LWPD\QRWEHIXOO\FXUHG
&2YHU¿ULQJ
'RQRWRYHU¿UH
2YHU¿ULQJ PD\ LJQLWH FUHRVRWH RU ZLOO GDPDJH
WKHVWRYHDQGFKLPQH\
7RSUHYHQWRYHU¿ULQJ\RXUVWRYH'2127
 8VHÀDPPDEOHOLTXLGV
 2YHUORDGZLWKZRRG
 %XUQWUDVKRUODUJHDPRXQWVRIVFUDSOXPEHU
 3HUPLWWRRPXFKDLUWRWKH¿UH
 8VHRISURFHVVHGVROLGIXHO¿UHORJV
:$51,1*
)LUH5LVN
6\PSWRPV RI RYHU¿ULQJ PD\ LQFOXGH RQH RU PRUH RI WKH
IROORZLQJ
  &KLPQH\FRQQHFWRURUDSSOLDQFHJORZLQJ
  5RDULQJUXPEOLQJQRLVHV
  /RXGFUDFNLQJRUEDQJLQJVRXQGV
  0HWDOZDUSLQJ
  &KLPQH\¿UH
6\PSWRPVRI2YHU)LULQJ
:KDW7R'RLI<RXU6WRYHLV2YHU)LULQJ
  ,PPHGLDWHO\FORVHWKHGRRUDQGDLUFRQWUROVWRUHGXFH
DLUVXSSO\WRWKH¿UH
  ,I\RXVXVSHFWDFKLPQH\¿UHFDOOWKH¿UHGHSDUWPHQW
DQGHYDFXDWH\RXUKRXVH
  &RQWDFW \RXU ORFDO FKLPQH\ SURIHVVLRQDO DQG KDYH
\RXUVWRYHDQGVWRYHSLSHLQVSHFWHGIRUDQ\GDPDJH
  'RQRWXVH\RXUVWRYHXQWLOWKHFKLPQH\SURIHVVLRQDO
LQIRUPV\RXLWLVVDIHWRGRVR
+HDUWK+RPH7HFKQRORJLHV:,//127ZDUUDQW\VWRYHV
WKDWH[KLELWHYLGHQFHRIRYHU¿ULQJ(YLGHQFHRIRYHU¿ULQJ
LQFOXGHVEXWLVQRWOLPLWHGWR
  :DUSHGDLUWXEH
  'HWHULRUDWHGUHIUDFWRU\EULFNUHWDLQHUV
  'HWHULRUDWHGEDIÀHDQGRWKHULQWHULRUFRPSRQHQWV
1RYHPEHU & 3DJH
,$&&:RRG,QVHUW
5
)%XUQLQJ3URFHVV
,QUHFHQW\HDUVWKHUHKDVEHHQDQLQFUHDVLQJFRQFHUQDERXW
DLUTXDOLW\0XFKRIWKHEODPHIRUSRRUDLUTXDOLW\KDVEHHQ
SODFHGRQWKHEXUQLQJRIZRRGIRUKRPHKHDWLQJ
,Q RUGHU WR LPSURYH WKH VLWXDWLRQ ZH DW 4XDGUD)LUH KDYH
GHYHORSHG FOHDQHUEXUQLQJ ZRRG DSSOLDQFHV WKDW VXUSDVV
WKHUHTXLUHPHQWVIRUHPLVVLRQVHVWDEOLVKHGE\RXUJRYHUQLQJ
DJHQFLHV
7KHVHZRRGDSSOLDQFHVPXVWEHSURSHUO\RSHUDWHGLQRUGHU
WR HQVXUH WKDW WKH\ SHUIRUP WKH ZD\ WKH\ DUH GHVLJQHG WR
SHUIRUP
.LQGOLQJRU)LUVW6WDJH
,WKHOSVWRNQRZDOLWWOHDERXWWKHDFWXDOSURFHVVRIEXUQLQJLQ
RUGHUWRXQGHUVWDQGZKDWJRHVRQLQVLGHWKHDSSOLDQFH7KH
¿UVWVWDJHRIEXUQLQJLVFDOOHGWKHNLQGOLQJVWDJH
,QWKLVVWDJH
 :RRGLVKHDWHGWRDWHPSHUDWXUHKLJKHQRXJKWRHYDSR
UDWHWKHPRLVWXUHSUHVHQWLQDOOZRRG
 :RRGZLOOUHDFKWKHERLOLQJSRLQWRIZDWHU)DQGZLOO
QRWJHWDQ\KRWWHUXQWLOWKHZDWHULVHYDSRUDWHG
7KLVSURFHVVWDNHVKHDWIURPWKHFRDOVDQGWHQGVWRFRROWKH
DSSOLDQFH
)LUHUHTXLUHVWKUHHWKLQJVWREXUQ
 )XHO
 $LU
 +HDW
,IKHDWLVUREEHGIURPWKHDSSOLDQFHGXULQJWKHGU\LQJVWDJH
WKHQHZORDGRIZRRGKDVUHGXFHGWKHFKDQFHVIRUDJRRG
FOHDQEXUQ
,WLVDOZD\VEHVWWREXUQGU\VHDVRQHG¿UHZRRG:KHQWKH
ZRRGLVQ¶WGU\\RXPXVWRSHQWKHDLUFRQWUROVDQGEXUQDWD
KLJKEXUQVHWWLQJIRUDORQJHUWLPHWRVWDUWLWEXUQLQJ
7KH KHDW JHQHUDWHG IURP WKH ¿UH VKRXOG EH ZDUPLQJ \RXU
KRPH DQG HVWDEOLVKLQJ WKH ÀXH GUDIW QRW HYDSRUDWLQJ WKH
PRLVWXUHRXWRIZHWXQVHDVRQHGZRRGUHVXOWLQJLQZDVWHG
KHDW
6HFRQG6WDJH
,QWKHVHFRQGDU\VWDJHZRRGJLYHVRIIÀDPPDEOHJDVHVZKLFK
EXUQDERYHWKHIXHOZLWKEULJKWÀDPHV
'XULQJWKLVVWDJHRIEXUQLQJ
 7KHÀDPHVPXVWEHPDLQWDLQHGDQGQRWDOORZHGWRJRRXW
WRHQVXUHWKHFOHDQHVWSRVVLEOH¿UH
,IWKHÀDPHVWHQGWRJRRXWLWLVVHWWRRORZIRU\RXUEXUQ
LQJFRQGLWLRQV
7KHDLUFRQWUROORFDWHGDWWKHXSSHUULJKWKDQGFRUQHULVXVHGWR
DGMXVWIRUEXUQUDWHV7KLVLVFDOOHGWKH%XUQ5DWH$LU&RQWURO
)LJXUHRQSDJH
)LQDO6WDJH
7KH¿QDOVWDJHRIEXUQLQJLVWKHFKDUFRDOVWDJH7KLVRFFXUV
ZKHQ WKH ÀDPPDEOH JDVHV KDYH EHHQ PRVWO\ EXUQHG DQG
RQO\FKDUFRDOUHPDLQV7KLVLVDQDWXUDOO\FOHDQ SRUWLRQRI
WKHEXUQ7KHFRDOVEXUQZLWKKRWEOXHÀDPHV
 ,WLVYHU\LPSRUWDQWWRUHORDG\RXUDSSOLDQFHZKLOHHQRXJK
OLYHO\KRWFRDOVUHPDLQLQRUGHUWRSURYLGHWKHDPRXQWRI
KHDWQHHGHGWRGU\DQGUHNLQGOHWKHQH[WORDGRIZRRG
,WLVEHVWWRRSHQWKH%XUQ5DWH$LUDQG6WDUW8S$LU&RQ
WUROVEHIRUHUHORDGLQJ7KLVOLYHQVXSWKHFRDOEHGDQG
UHGXFHVH[FHVVLYHHPLVVLRQVRSDFLW\VPRNH
 2SHQGRRUVORZO\VRWKDWDVKRUVPRNHGRHVQRWH[LWDS
SOLDQFHWKURXJKRSHQLQJ
 %UHDN XS DQ\ ODUJH FKXQNV DQG GLVWULEXWH WKH FRDOV VR
WKDWWKHQHZZRRGLVODLGRQKRWFRDOV
$LUTXDOLW\LVLPSRUWDQWWRDOORIXVDQGLIZHFKRRVHWRXVH
ZRRGWRKHDWRXUKRPHVZHVKRXOGGRVRUHVSRQVLEO\
:H QHHG WR OHDUQ WR EXUQ LQ WKH FOHDQHVW ZD\ SRVVLEOH DO
ORZLQJXVWRFRQWLQXHXVLQJRXUZRRGDSSOLDQFHVIRUPDQ\
\HDUVWRFRPH
127,&(,PSURSHURSHUDWLRQFDQWXUQDQ\ZRRGDSSOL
DQFHLQWRDVPROGHULQJHQYLURQPHQWDOKD]DUG
3DJH & 1RYHPEHU
5
,$&&:RRG,QVHUW
+$LU&RQWUROV
6WDUW8S$LU&RQWURO
7KH6WDUW8S$LU&RQWUROKDVWZRSULPDU\IXQFWLRQV
7KH ¿UVW IXQFWLRQ LV WR DFWLYDWH WKH$XWRPDWLF &RPEXVWLRQ
&RQWUROV\VWHP$&&
 3XVKWKH6WDUW8S$LU&RQWURODOOWKHZD\EDFNXQWLOLWVWRSV
DQGWKHQSXOOIRUZDUGWRWKHIURQWRIWKHDSSOLDQFHXQWLOLW
VWRSV)LJXUH
 7KHIURQWDLUFKDQQHORSHQVDQGDOORZVDLUWRHQWHUWKHIURQW
RIWKHDSSOLDQFHIRUDSSUR[LPDWHO\PLQXWHV
 7KHIURQWDLUFKDQQHOJUDGXDOO\VKXWVGRZQXQWLOLWLVFRP
SOHWHO\FORVHGDWWKHHQGRIWKHPLQXWHV
 7KH¿UHLVQRZFRQWUROOHGE\WKHDLUVXSSOLHGE\WKH%XUQ
5DWH$LU&RQWURO)LJXUH
 7KLVIXQFWLRQVKRXOGEHSHUIRUPHGHDFKWLPH\RXUHORDG
WKHDSSOLDQFH
7KHVHFRQGIXQFWLRQRIWKH6WDUW8S$LU&RQWUROLVRSHUDWLRQ
RIWKHUHDUDLUV\VWHP
 3XVKWKH 6WDUW8S$LU &RQWUROLQFK PPEDFNWR
DOORZUHDUDLUWRHQWHUWKH¿UHER[)LJXUH
 7KHUHDUDLULVXVHGSULPDULO\GXULQJD+LJK%XUQ5DWH
 ,QVRPHLQVWDQFHVUHDUDLULVGHVLUHGGXULQJQRUPDORSHUD
WLRQWRKHOSZLWKFRPEXVWLRQRIIXHOWRZDUGVWKHEDFNRI
WKH¿UHER[SDUWLFXODUO\ZKHQEXUQLQJKDUGZRRGV
 7KH UHDU DLU LV FRQWUROOHG LQGHSHQGHQWO\ IURP WKH$&&
V\VWHP
)LJXUH6WDUWXSDQG%XUQ5DWH$LU&RQWUROV
)LJXUH0DQXDO7LPHU2YHU5LGH
0DQXDO7LPHU2YHU5LGH
,I\RXQHHGWRVKXWWKH$&&V\VWHPRIIEHIRUHLWVKXWVLWVHOI
RIIDIWHUPLQXWHVLHRYHU¿UHVLWXDWLRQOLIWXSRQWKH6WDUW
XS$LU&RQWURODQGSXOORXWIURPWKHDSSOLDQFH)LJXUH
0DQXDO7LPHU2YHU5LGH
*$XWRPDWLF&RPEXVWLRQ&RQWURO$&&
7\SLFDOO\ZKHQ\RXEXLOGD¿UH\RXRSHQWKHDLUFRQWUROVIXOO\
DQGPRQLWRUWKH¿UHWRSUHYHQWLWIURPJRLQJLQWRDQRYHU¿UH
VLWXDWLRQDQGRUEXUQLQJ\RXUZRRGXSWRRTXLFNO\EHIRUH\RX
VKXWGRZQWKHDLUFRQWUROVWRWKHGHVLUHGEXUQUDWH
:KHQXVLQJWKH$XWRPDWLF&RPEXVWLRQ&RQWURO$&&V\VWHP
\RXGRQRWKDYHWR FRQWLQXDOO\PRQLWRUWKH¿UH2QFH\RX
VHWWKH$&&V\VWHPLWZLOOFRQWUROWKH¿UHIRU\RX)ROORZWKH
LQVWUXFWLRQVEHORZ WR OHDUQKRZWR RSHUDWH \RXUVWRYHZLWK
HDVH
6WDUWXS$LU
&RQWURO
6OLGHEDFNXQWLOLWVWRSV
WKHQSXOOIRUZDUG
%XUQ5DWH$LU&RQWURO
+,*+
0('
/2:
/LIW8SRQ&RQWURODQG3XOO
$ZD\IURP$SSOLDQFH