0% found this document useful (0 votes)
9 views217 pages

HYSTER RS45 OPERATING MANUAL

Download as pdf or txt
Download as pdf or txt
Download as pdf or txt
You are on page 1/ 217

)RUHZRUG

)RUHZRUG


7R2:1(5686(56DQG23(5$7256 ,WLVWKHUHVSRQVLELOLW\RIWKHHPSOR\HUWRPDNHVXUHWKDWWKH
RSHUDWRUFDQVHHKHDUDQGKDVWKHSK\VLFDODQGPHQWDO
7KHVDIHDQGHIILFLHQWRSHUDWLRQRIDUHTXLUHVVNLOODQG DELOLW\WRRSHUDWHWKHHTXLSPHQWVDIHO\
DOHUWQHVVRQWKHSDUWRIWKHRSHUDWRU7RGHYHORSWKHVNLOO
UHTXLUHGWKHRSHUDWRUPXVW 127($FRPSUHKHQVLYHRSHUDWRUWUDLQLQJSURJUDPLVDYDLO
DEOHIURP+\VWHU&RPSDQ\)RUIXUWKHUGHWDLOVFRQWDFW\RXU
‡ 5HFHLYHWUDLQLQJLQWKHSURSHURSHUDWLRQRIWKLV GHDOHUIRU+\VWHU
‡ 8QGHUVWDQGDQ\SRWHQWLDOKD]DUGVWKDWPD\H[LVWLQWKH 7KLV2SHUDWLQJ0DQXDOLVWKHRULJLQDOLQVWUXFWLRQDQGFRQ
ZRUNSODFHZKHUHWKHLVLQWHQGHGWREHXVHG WDLQVLQIRUPDWLRQQHFHVVDU\IRUWKHRSHUDWLRQDQGPDLQWH
‡ 8QGHUVWDQGWKHFDSDELOLWLHVDQGOLPLWDWLRQVRIWKH QDQFHRIDEDVLF2SWLRQDOHTXLSPHQWLVVRPHWLPHVLQVWDOOHG
WKDWFDQFKDQJHVRPHRSHUDWLQJFKDUDFWHULVWLFVGHVFULEHGLQ
‡ %HFRPHIDPLOLDUZLWKWKHFRQVWUXFWLRQRIWKHDQGVHHWKDW WKLVPDQXDO0DNHVXUHWKHQHFHVVDU\LQVWUXFWLRQVDUHDYDLO
LWLVPDLQWDLQHG DEOHDQGXQGHUVWRRGEHIRUHRSHUDWLQJWKH
‡ 5HDGDQGSURSHUO\XQGHUVWDQGWKHZDUQLQJVLQVWUXFWLRQV 6RPHRIWKHFRPSRQHQWVDQGV\VWHPVGHVFULEHGLQWKLV
DQGRSHUDWLQJSURFHGXUHVLQWKLVPDQXDO 2SHUDWLQJ0DQXDOZLOO127EHLQVWDOOHGRQ\RXUXQLW,I\RX
,QDGGLWLRQDTXDOLILHGSHUVRQH[SHULHQFHGLQRSHUDWLRQ KDYHDTXHVWLRQDERXWDQ\LWHPGHVFULEHGFRQWDFW\RXU
PXVWJXLGHDQHZRSHUDWRUWKURXJKVHYHUDOGULYLQJDQGORDG GHDOHUIRU+\VWHU
KDQGOLQJRSHUDWLRQVEHIRUHWKHQHZRSHUDWRUDWWHPSWVWR
RSHUDWHWKHDORQH

‹+<67(5&203$1< (1*/,6+86 
)RUHZRUG
7KHIROORZLQJDGGLWLRQDOLQIRUPDWLRQLVSURYLGHGDVVSHFLILHG +DQGDUPYLEUDWLRQ
LQ0DFKLQHU\'LUHFWLYH(&
² +DQGDUPYLEUDWLRQHPLVVLRQYDOXH PV
‡ 'LPHQVLRQDO'HWDLOV&HUWDLQLQIRUPDWLRQLVVKRZQRQWKH
‡ +D]DUGRXV$WPRVSKHUH%HIRUHDQ\ZLWKLQWKH(XURSHDQ
1DPHSODWH)RUDGGLWLRQDOGLPHQVLRQDOGHWDLOVRQWKLVRU
&RPPXQLW\FDQEHRSHUDWHGLQD3RWHQWLDOO\([SORVLYH
DQ\RWKHUVSHFLILFFRQVXOW\RXUGHDOHU
$WPRVSKHUHLWLVQHFHVVDU\WKDWWKHLVVXLWDEO\FRQYHUWHG
‡ +XPDQ9LEUDWLRQ :KROH%RG\DQG+DQG$UP9LEUD IRUWKHDSSOLFDWLRQ&RQYHUVLRQVVKRXOGRQO\EHFDUULHGRXW
WLRQ 1RWH7KHZKROHERG\YLEUDWLRQOHYHOLVPHDVXUHG E\D+\VWHUDSSURYHGVXSSOLHU&RQILUPDWLRQRIWKHFRQ
DFFRUGLQJWRVWDQGDUG(1ZKLFKFRQWDLQVVSHFLILF YHUVLRQFDQEHPDGHE\UHIHUULQJWRWKH'HFODUDWLRQRI
WHVWFULWHULD ORDGVSHHGURDGZD\VXUIDFHHWF :RUNVLWH &RQIRUPLW\ZKLFKZLOOFRQILUPFRPSOLDQFHZLWK(XURSHDQ
YLEUDWLRQOHYHOVPD\YDU\GHSHQGLQJRQDFWXDORSHUDWLQJ 'LUHFWLYH&(,I\RXDUHLQGRXEWSOHDVHFRQWDFW\RXU
DQGVXUIDFHFRQGLWLRQV +\VWHUGHDOHUIRUDVVLVWDQFH

‡ 0DQXIDFWXUHU+\VWHU(XURSH&HQWHQQLDO+RXVH%XLOG
:KROHERG\YLEUDWLRQ
LQJ)ULPOH\%XVLQHVV3DUN)ULPOH\6XUU\*86*
² 0HDVXUHGZKROHERG\YLEUDWLRQDWWKHRSHUDWRUSRVLWLRQ 8QLWHG.LQJGRP
EDVHGRQVWDQGDUGSURGXFWLRQWUXFNZLWKIXOOVXVSHQ
‡ 7KH(&&RQIRUPLW\(DFKOLIWWUXFNVKLSVZLWKDXQLTXH
VLRQVHDWLVOLVWHGEHORZ
(&'HFODUDWLRQRI&RQIRUPLW\FHUWLILFDWH6HHWKHHQGRI
² 'HFODUHGZKROHERG\YLEUDWLRQHPLVVLRQYDOXHLVLQ WKLVVHFWLRQIRUDVDPSOH(&'HFODUDWLRQRI&RQIRUPLW\
DFFRUGDQFHZLWK(1 FHUWLILFDWHZKLFKFRPSOLHVZLWK0DFKLQHU\'LUHFWLYH
(&
‡ 0HDVXUHGYLEUDWLRQHPLVVLRQYDOXHD:= PV
127(+\VWHUDUHQRWLQWHQGHGIRUXVHRQSXEOLFURDGV
² 9DOXHVGHWHUPLQHGDFFRUGLQJWR(1


)RUHZRUG
127(7KHIROORZLQJV\PEROVDQGZRUGVLQGLFDWHVDIHW\ 2QWKHOLIWWUXFNWKH:$51,1*V\PEROLVRQRUDQJH
LQIRUPDWLRQLQWKLVPDQXDO EDFNJURXQG7KH&$87,21V\PEROLVRQ\HOORZEDFN
JURXQG
:$51,1*
,QGLFDWHVDKD]DUGRXVVLWXDWLRQZKLFKLIQRWDYRLGHG
FRXOGUHVXOWLQGHDWKRUVHULRXVLQMXU\

&$87,21
,QGLFDWHVDKD]DUGRXVVLWXDWLRQZKLFKLIQRWDYRLGHG
FRXOGUHVXOWLQPLQRURUPRGHUDWHLQMXU\DQGSURSHUW\
GDPDJH

&OLPDWLF&RQGLWLRQV
7KLVUDQJHRILVGHVLJQHGWRZRUNLQQRUPDOFOLPDWLFFRQGLWLRQV1RUPDOFOLPDWLFFRQGLWLRQVDUHDVIROORZV

$YHUDJHDPELHQWWHPSHUDWXUHIRUFRQWLQXRXVGXW\ 
0D[LPXPDPELHQWWHPSHUDWXUHVKRUWWHUP XSWRK  5ƒ&
/RZHVWDPELHQWWHPSHUDWXUHIRUWUXFNVLQWHQGHGIRUXVHLQQRUPDORXWGRRUFRQGLWLRQV íƒ&
$OWLWXGH 8SWRP
)URPWR100
5HODWLYHKXPLGLW\
QRQFRQGHQVLQJ


)RUHZRUG

/LIWLQJ  $IIL[DSHUPDQHQWDQGUHDGLO\YLVLEOHODEHOWRWKHWUXFN
VWDWLQJWKHPDQQHULQZKLFKWKHWUXFNKDVEHHQPRGLILHG
/LIWLQJH\HVDQGLQVWUXFWLRQGHFDODUHRSWLRQDO'2 RUDOWHUHGWRJHWKHUZLWKWKHGDWHRIPRGLILFDWLRQRUDOWHU
127OLIWDRWKHUWKDQE\MDFNVXQGHUWKHXQOHVVWKH DWLRQDQGWKHQDPHDQGDGGUHVVRIWKHRUJDQL]DWLRQWKDW
OLIWLQJH\HRSWLRQRUVSHFLDOOLIWLQJH\HVDUHLQVWDO DFFRPSOLVKHGWKHWDVNV
OHG
7UXFN0RGLILFDWLRQ
8QDXWKRUL]HGWUXFNPRGLILFDWLRQLVQRWSHUPLWWHG7RREWDLQ
DXWKRUL]DWLRQFRQWDFW\RXU+\VWHUGHDOHU
2QO\LQWKHHYHQWWKDWWKHWUXFNPDQXIDFWXUHULVQRORQJHULQ
EXVLQHVVDQGWKHUHLVQRVXFFHVVRULQWKHLQWHUHVWRIWKHEXVL
QHVVWKHXVHUPD\DUUDQJHIRUDPRGLILFDWLRQRUDOWHUDWLRQWR
DSRZHUHGLQGXVWULDOWUXFNSURYLGHGKRZHYHUWKDWWKHXVHU
VKDOO
 $UUDQJHIRUWKHPRGLILFDWLRQRUDOWHUDWLRQWREHGHVLJQHG
WHVWHGDQGLPSOHPHQWHGE\DQHQJLQHHU V H[SHUWLQ
LQGXVWU\WUXFNVDQGWKHLUVDIHW\
 0DLQWDLQDSHUPDQHQWUHFRUGRIWKHGHVLJQWHVW V DQG
LPSOHPHQWDWLRQRIWKHPRGLILFDWLRQRUDOWHUDWLRQ
 $SSURYHDQGPDNHDSSURSULDWHFKDQJHVWRWKHFDSDFLW\
SODWH V GHFDOVWDJVDQGLQVWUXFWLRQKDQGERRN


OPERATING MANUAL
&
MAINTENANCE MANUAL

Reachstacker
RS45-27CH, RS45-31CH
(B289)

SECTION I : OPERATING MANUAL


SECTION II : MAINTENANCE MANUAL
&RQWHQWV

&RQWHQWV
)RUHZRUG   .QRZ<RXU5HDFK6WDFNHU  
722:1(5686(56$1'23(5$7256   6WDELOLW\DQG&HQWHURI*UDYLW\  
&/,0$7,&&21',7,216   &DSDFLW\ :HLJKWDQG/RDG&HQWHU  
/,)7,1*   /0, /RDG0RPHQW,QGLFDWRU ..................... 
758&.02',),&$7,21   ,163(&7,21%()25(23(5$7,21  
:DUQLQJ   &KHFNV:LWKWKH(QJLQH6WRSSHG  
0RGHO'HVFULSWLRQ   67$57,1*352&('85(6  
*(1(5$/   +($7,1*+<'5$8/,&2,/  
23(5$7253527(&7,21(48,30(17   (;+$8676<67(05(*(1(5$7,21 7,(5,
1$0(3/$7(   67$*(,,,%(1*,1(621/<  
6$)(7</$%(/6   67$7,21$5<5(*(1(5$7,21352&('85(  
&21752/6,167580(176,1',&$7256$1' 0$18$/6+87'2:1352&('85(6  
6:,7&+(6   '(5$7,1*$1'$8720$7,&6+87'2:1
/0I /RDG0RPHQW,QGLFDWRU ,QGLFDWRU 352&('85(6  
/LJKWV   &RRODQW7HPSHUDWXUH  
/0,&KHFNDW6WDUWXS   ,QWDNH0DQLIROG7HPSHUDWXUH  
*UHHQ,QGLFDWRU/LJKW   (QJLQH2LO7HPSHUDWXUH  
5HG,QGLFDWRU/LJKW   (QJLQH2LO3UHVVXUH  
0D[LPXP$OORZDEOH&DSDFLW\   (PSW\6HDW(QJLQH6KXWGRZQ  
$ODUP6LWXDWLRQ   2SHUDWRU3UHVHQFH6\VWHP 236  
$PEHU,QGLFDWRU/LJKW   12132:(56/,',1*&$%6<67(0  
2SHUDWLQJ3URFHGXUHV   32:(5('6/,',1*&$%6<67(0  
*(1(5$/   $8720$7,&*5($6,1*6<67(0 237,21$/  


&RQWHQWV
&+(&.6:,7+7+((1*,1(5811,1*   /LIW,QWHUUXSW2YHUULGH  
23(5$7,1*7(&+1,48(6   /RZHULQJ,QWHUUXSW2YHUULGH  
%DVLF2SHUDWLQJ3URFHGXUHV   7ZLVW/RFN2YHUULGH  
'ULYLQJDQG'LUHFWLRQ&KDQJHV   /RDG+DQGOLQJ8VLQJD6OLQJ  
,QFKLQJ%UDNLQJ   '2&.6  
6WHHULQJ 7XUQLQJ   $77$&+0(176  
7UDYHOLQJ   67233,1*  
7KH/RDG0RPHQW,QGLFDWRU /0,).......................  3$5.,1*  
6WDELOL]HU2SHUDWLRQ   0DLQWHQDQFH  
'HVFULSWLRQ   *(1(5$/  
$SSO\LQJWKH6WDELOL]HU   6HULDO1XPEHU'DWD  
5HWXUQLQJWR'ULYH0RGH   +2:72029($',6$%/('5($&+67$&.(5  
5HDU7LUH/LIH(QKDQFHPHQW6\VWHP   +RZWR7RZWKH5HDFK6WDFNHU  
/RDG+DQGOLQJ+RZWR+DQGOH&RQWDLQHUV   +2:72387$5($&+67$&.(521%/2&.6  
+RZWR3LFN8SD&RQWDLQHU   +RZWR5DLVHWKH'ULYH7LUHV  
7UDYHOLQJZLWKD&RQWDLQHURU7UDLOHU   +RZWR5DLVHWKH6WHHU7LUHV  
+RZWR'HSRVLWD&RQWDLQHU   +2:72&/($1$5($&+67$&.(5  
/RDG+DQGOLQJ   'DLO\,QVSHFWLRQV  
+RZWR3LFNXSD7UDLOHU   &RQWDLQHU$WWDFKPHQW0DLQWHQDQFH  
+RZWR'HSRVLWD7UDLOHU   0DLQWHQDQFH3URFHGXUHV(YHU\+RXUVRU'DLO\  3
6\VWHP,QWHUUXSWV   +2:720$.(&+(&.6:,7+7+((1*,1(
6\VWHP,QWHUUXSW2YHUULGHV   67233('  3
'HJUHH5RWDWLRQ2YHUULGH   :DUQLQJDQG6DIHW\/DEHOV  3
/0,2YHUULGH ..  :KHHOV7LUHVDQG7LUH3UHVVXUH  4
(PHUJHQF\/RZHULQJ   :KHHO1XWV  5


&RQWHQWV
%RRP5RWDWRUDQG6SUHDGHU  5 %RRP5RWDWRUDQG6SUHDGHU2SHUDWLRQ  3
$LU3UHFOHDQHU'XVW%RZO  5 6LJQDOV)URPWKH6SUHDGHU&RQWURO6\VWHP  4
+\GUDXOLF7DQN%UHDWKHUV  6 6LJQDOV)URPWKH/0, .. 4
5DGLDWRU6HFWLRQVIRU(QJLQH&RRODQW&KDUJH$LU 7UDQVPLVVLRQ  4
&RROHU7UDQVPLVVLRQDQG+\GUDXOLF2LO  7 2SHUDWRU3UHVHQFH6\VWHP  4
:LQGVKLHOG:DVKHU)OXLG  7 +2:72$'')8(/727+(5($&+67$&.(5  5
+\GUDXOLF6\VWHP2LO  8 31(80$7,&7,5(6$1':+((/6  6
(QJLQH2LO/HYHO  0 5HPRYH:KHHOV)URPWKH5HDFK6WDFNHU  6
+2:720$.(&+(&.6:,7+(1*,1( 5HPRYH7LUH)URPWKH:KHHO  8
5811,1*  3 7LUH5HPRYDO)URP)LYH3LHFH:KHHO  8
6HDW%HOW6HDW5DLOVDQG6WHHULQJ&ROXPQ  3 ,QVWDOO7LUHRQWKH:KHHO  199
6WHHULQJ&ROXPQ/DWFK  5 7LUH,QVWDOODWLRQRQ)LYH3LHFH:KHHO  0
*DXJHV/LJKWV+RUQ)XVHVDQG5HOD\V  4 $GG$LU3UHVVXUHWRWKH7LUHV  1
:LQGRZVDQG0LUURUV  8 ,QVWDOO:KHHOVRQWKH5HDFK6WDFNHU  2
)DXOW&RGHV  8 +2:72387,17(51$/&20%867,21(1*,1(
+LJK([KDXVW6\VWHP7HPSHUDWXUH/LJKW  89 ,&( 5($&+67$&.(5,16725$*(  3
(QJLQH$LU)LOWHU  89 6KRUW7HUP6WRUDJH  4
&RRODQW/HYHO  90 /RQJ7HUP6WRUDJH  4
+LJK3UHVVXUH%UDNH&RROLQJ)LOWHU  0 :+,/(7+(5($&+67$&.(5,6,16725$*(  5
(QJLQH2LO3UHVVXUH  2 +2:72387%$77(5,(6,16725$*(  5
)XHO/HYHO  2 3877,1*$6725('5($&+67$&.(5%$&.,172
&RQWURO/HYHUVDQG3HGDOV  2 6(59,&(  6
3DUNLQJ%UDNH  3 +2:72029($5($&+67$&.(521$
6HUYLFH%UDNHV  3 75$163257  6
6WHHULQJ6\VWHP  3 /RDGLQJ  7


&RQWHQWV
8QORDGLQJ  8 23(5$7,1*352&('85(6)25$1(:25
35(3$5$7,21$)7(575$163257  8 5(%8,/7(1*,1(  09


:DUQLQJ

:$51,1*
)$,/85(72)2//2:7+(6(,16758&7,216&$1&$86(6(5,286,1-85<25'($7+
$87+25,=('75$,1('23(5$72521/<

.12:7+((48,30(17 ‡ 75$9(/LQUHYHUVHLIORDGEORFNVIRUZDUGYLVLRQ
‡ $/:$<6XVHSRLQWVRIFRQWDFWZKHQJHWWLQJRQDQGRII ‡ 0$.(685(WDLOVZLQJDUHDLVFOHDU
WKH
‡ 6281'KRUQDWLQWHUVHFWLRQVRUZKHUHYLVLRQLVEORFNHG
‡ .12:RSHUDWLQJLQVSHFWLRQDQGPDLQWHQDQFHLQVWUXF
‡ :$7&+FOHDUDQFHVHVSHFLDOO\RYHUKHDG
WLRQVLQ2SHUDWLQJ0DQXDO
.12:<285/2$'6
‡ '2127RSHUDWHRUUHSDLUWKHXQOHVVWUDLQHGDQGDXWKRU
L]HG ‡ +$1'/(RQO\VWDEOHORDGVZLWKLQVSHFLILHGZHLJKWDQG
ORDGFHQWHU6HH1DPHSODWHRQ
‡ '2127RSHUDWHLIQHHGVUHSDLU7DJDQGUHPRYHNH\
5HSDLUEHIRUHXVH$OZD\VXVH+\VWHU$SSURYHGSDUWV 86(&200216(16(
ZKHQPDNLQJUHSDLUV5HSODFHPHQWSDUWVPXVWPHHWRU
‡ '2127XVHWROLIWSHRSOHXQOHVVWKHUHLVQRRWKHUSUDFWLFDO
H[FHHGWKHVSHFLILFDWLRQVRIWKHRULJLQDOHTXLSPHQWPDQ
RSWLRQ7KHQXVHRQO\DVHFXUHO\DWWDFKHGVSHFLDOZRUN
XIDFWXUHU
SODWIRUP)ROORZLQVWUXFWLRQVLQWKLV2SHUDWLQJ0DQXDO
‡ 86(DX[LOLDU\HTXLSPHQW DWWDFKPHQWV IRULQWHQGHGSXU
‡ 2%(<WUDIILFUXOHV<LHOGULJKWRIZD\WRSHGHVWULDQV
SRVHRQO\
‡ %(LQFRPSOHWHFRQWURODWDOOWLPHV
/22.:+(5(<28$5(*2,1*
‡ $//2:1221(XQGHURUQHDUOLIWPHFKDQLVPRUORDG
‡ ,)<28&$1 76(('21 7*2


:DUQLQJ

:$51,1*
)$,/85(72)2//2:7+(6(,16758&7,216&$1&$86(6(5,286,1-85<25'($7+
$87+25,=('75$,1('23(5$72521/<

‡ 23(5$7(RQO\IURPRSHUDWRU VVHDW ‡ ',6&211(&7EDWWHU\GXULQJVHUYLFLQJ
‡ .((3DUPVOHJVDQGKHDGLQVLGHRSHUDWRU VFRPSDUW ‡ &+(&.GRFNERDUGZLGWKFDSDFLW\DQGVHFXULW\
PHQW
3527(&7<2856(/))$67(1<2856($7%(/7
‡ '2127PRYHLIDQ\RQHLVEHWZHHQDQGVWDWLRQDU\REMHFW
‡ $92,'EXPSVKROHVDQGORRVHPDWHULDOV
‡ %()25(3$5.,1*QHXWUDOL]HVKLIWOHYHUORZHUDQGVHW
‡ $92,'VXGGHQVWDUWVRUVWRSV
EUDNH
‡ 1(9(5WXUQRQRUDQJOHDFURVVDQLQFOLQH
‡ :+(13$5.,1*DOVRVKXWRIISRZHUDQGEORFNZKHHOV
RQLQFOLQHV ‡ 75$9(/RQLQFOLQHVZLWKORDGXSKLOORUZKHQXQORDGHGZLWK
OLIWPHFKDQLVPGRZQKLOO
.12:7+($5($
‡ 75$9(/IRUZDUGZLWKWKHORDGRUFDUULDJHDSSUR[LPDWHO\
‡ ),//IXHOWDQNRUFKDUJHEDWWHU\RQO\LQGHVLJQDWHGDUHD
P IW DERYHVHDW
‡ 78512))HQJLQHZKHQIXHOLQJ
‡ 6/2:'2:1EHIRUHWXUQLQJHVSHFLDOO\ZLWKRXWORDG
‡ $92,'VSDUNVRURSHQIODPH3URYLGHYHQWLODWLRQ
‡ '2127VWDUWLIIXHOLVOHDNLQJ
‡ .((3YHQWFDSVFOHDUZKHQFKDUJLQJEDWWHU\


:DUQLQJ

:$51,1*
)$,/85(72)2//2:7+(6(,16758&7,216&$1&$86(6(5,286,1-85<25'($7+
$87+25,=('75$,1('23(5$72521/<

)$,/85(72)2//2:7+(6(,16758&7,216&$1
&$86(7+(727,3
'2127-803RIILIWKHWLSVRYHU+2/'VWHHULQJZKHHO
ILUPO\%5$&(\RXUIHHW/($1)25:$5'DQG$:$<
IURPSRLQWRILPSDFW


0RGHO'HVFULSWLRQ
/HJHQGIRU)LJXUH
 $77$&+0(17  67((5,1*$;/(
 %220  )8(/7$1.
 23(5$725&203$570(17&$%  '5,9($;/(
 &2817(5:(,*+7  67$%,/,=(5 ,)(48,33('


0RGHO'HVFULSWLRQ

0RGHO'HVFULSWLRQ


*HQHUDO 7KH5HDFK6WDFNHUFDQEHHTXLSSHGZLWKDVWDELOL]HUIXQFWLRQ
LQFRPELQDWLRQZLWKWKHVWDQGDUGIUDPHRUH[WHQGHGIUDPH
7KLV2SHUDWLQJ0DQXDOLVIRU5HDFK6WDFNHUZLWKVHULDOQXP
EHU(DQGKLJKHULQFOXGLQJ(DQGFRYHUVWKHIRO 7KH5HDFK6WDFNHUFDQDOVREHHTXLSSHGZLWKWLHSRLQWVIRU
ORZLQJPRGHOV URSHVRUFKDLQVWREHXVHGZLWKDVOLQJ,I5HDFK6WDFNHULV
XVHGLQFRQMXQFWLRQZLWKDVOLQJORDGVZLQJPXVWEHOLPLWHG
56 6HFXUHORDGWRWKH5HDFK6WDFNHUIUDPHZLWKURSHVRUFKDLQV
56
56 7KHVH5HDFK6WDFNHUVKDYHHLWKHUD&XPPLQV460RU
56/ 46&GLHVHOHQJLQHDQG7(3RZHUVKLIWŒWUDQVPLVVLRQ
566 ZLWKIRXUVSHHGV)25:$5'DQGIRXUVSHHGV5(9(56(
56/6 $VKLIWOHYHULVRQWKHOHIWVLGHRIWKHVWHHULQJFROXPQ,WFRQ
7KH5HDFK6WDFNHUFDQEHHTXLSSHGZLWKDVSUHDGHUIRUFRQ WUROVWKH)25:$5'1(875$/DQG5(9(56(RSHUDWLRQ
WDLQHUKDQGOLQJRQO\ &+PRGHO RULWFDQKDYHDQLQWHUPRGDO DVZHOODVWKHIRXUWUDQVPLVVLRQVSHHGUDQJHV$QDFFHOHUDWRU
VSUHDGHU ,+PRGHO IRUFRQWDLQHUVDQGWUDLOHUV$OOVSUHDGHUV SHGDOFRQWUROVWKHVSHHGRIWKHHQJLQH
FDQKDQGOHIURPWRIWFRQWDLQHUV6HH)LJXUH


0RGHO'HVFULSWLRQ

2SHUDWRU3URWHFWLRQ(TXLSPHQW UDWHGDVHTXLSSHGDQGWKHQDPHSODWHPXVWVKRZWKHFRU
UHFWFDSDFLW\UDWLQJRUSHUVRQDOLQMXU\PD\RFFXU
7KHRSHUDWRUFRPSDUWPHQWLVLQWHQGHGWRRIIHUUHDVRQDEOH
SURWHFWLRQWRWKHRSHUDWRUIURPIDOOLQJREMHFWVEXWFDQQRW 7KHFDSDFLW\IRUWKH5HDFK6WDFNHUDVLWLVHTXLSSHGLV
SURWHFWDJDLQVWHYHU\SRVVLEOHIDOOLQJREMHFW7KHUHIRUHLW VKRZQRQWKHFDSDFLW\FKDUW
PXVW127EHFRQVLGHUHGDVXEVWLWXWHIRUJRRGMXGJPHQWDQG :KHQD5HDFK6WDFNHULVVKLSSHGLQFRPSOHWHIURPWKHIDF
FDUHZKHQKDQGOLQJORDGV6HH)LJXUH WRU\WKHQDPHSODWHLVFRYHUHGE\DQ,1&203/(7(ODEHODV
7KHVHDWEHOWSURYLGHVDQDGGLWLRQDOPHWKRGWRKHOSWKHRSHU VKRZQLQ)LJXUH,IWKHHTXLSPHQWRQWKH5HDFK6WDFNHULV
DWRUNHHSWKHKHDGDQGERG\VXEVWDQWLDOO\ZLWKLQWKHFRQILQHV FKDQJHGWKHQDPHSODWHLVFRYHUHGE\D127,&(ODEHODV
RIWKHOLIWWUXFNIUDPHDQGRSHUDWRUFRPSDUWPHQWLIDWLSRYHU VKRZQLQ)LJXUH,I\RXU5HDFK6WDFNHUKDVHLWKHURIWKHVH
RFFXUV7KLVUHVWUDLQWV\VWHPLVLQWHQGHGWRUHGXFHWKHULVNRI ODEHOV'2127RSHUDWHWKH5HDFK6WDFNHU&RQWDFW\RXU
WKHKHDGDQGERG\EHLQJWUDSSHGEHWZHHQWKH5HDFK6WDFNHU GHDOHUIRU+\VWHU5HDFK6WDFNHUWRREWDLQDFRPSOHWHFRUUHFW
DQGWKHJURXQGEXWLWFDQQRWSURWHFWWKHRSHUDWRUDJDLQVWDOO QDPHSODWH
SRVVLEOHLQMXU\LQDWLSRYHU$OZD\VIDVWHQWKHVHDWEHOW 6DIHW\/DEHOV
1DPHSODWH 6DIHW\ODEHOVDUHLQVWDOOHGRQWKH5HDFK6WDFNHUWRJLYHLQIRU
PDWLRQDERXWSRVVLEOHKD]DUGV,WLVLPSRUWDQWWKDWDOOVDIHW\
:$51,1* ODEHOVDUHLQVWDOOHGRQWKH5HDFK6WDFNHUDQGFDQEHUHDG
'2127DGGWRRUPRGLI\WKH5HDFK6WDFNHU$Q\FKDQJH 6HH)LJXUH,IODEHOVWKDWKDYHZDUQLQJVRUFDXWLRQVDUH
WRWKH5HDFK6WDFNHUWKHWLUHVRULWVHTXLSPHQWFDQ GDPDJHGWKH\PXVWEHUHSODFHG5HIHUWRWKH3DUWV0DQ
FKDQJHWKHOLIWLQJFDSDFLW\7KH5HDFK6WDFNHUPXVWEH XDOIRUWKHODEHOVDQGWKHORFDWLRQRIWKHODEHOV


0RGHO'HVFULSWLRQ

$ 1$0(3/$7( % 127,&(/$%(/ & ,1&203/(7(/$%(/ ' 6$03/(&$3$&,7<&+$57

)LJXUH1DPHSODWHDQG/DEHO


0RGHO'HVFULSWLRQ

6((7+(3$5760$18$/)25/$%(/3$57180%(5$1'/2&$7,21

)LJXUH:DUQLQJDQG6DIHW\/DEHOV


0RGHO'HVFULSWLRQ
/HJHQGIRU)LJXUH
 23(5$7,21:$51,1*/$%(/  5(3/$&(23(5$7,1*0$18$//$%(/
 0$67:$51,1*/$%(/  %$77(5<',6&211(&7/$%(/
 1$0(3/$7(  23(5$7255(675$,17/$%(/
 125,'(56:$51,1*/$%(/  &21752/%2;:$51,1*/$%(/
 )$1:$51,1*/$%(/  3$5.%5$.(:$51,1*/$%(/
 '2255(/($6(:$51,1*/$%(/  29(5+$1*%220:$51,1*/$%(/
 (7+(5:$51,1*/$%(/  3,1&+32,17:$51,1*/$%(/


0RGHO'HVFULSWLRQ

&RQWUROV,QVWUXPHQWV,QGLFDWRUVDQG
6ZLWFKHV

$ $,56($7 % 0(&+$1,&$/6($7

)LJXUH6HDW&RQWUROV


0RGHO'HVFULSWLRQ

7DEOH6HDW&RQWUROV 6HH)LJXUH

,WHP ,WHP )XQFWLRQ


1R
 6HDW%HOWDQG6HDW%HOW5HWUDFWRU 6HDWEHOWPXVWEHSURSHUO\IDVWHQHGEHIRUHVWDUWLQJOLIWWUXFNRSHUDWLRQV
 $UP5HVW$GMXVWPHQW 7XUQWKHNQREWRDGMXVWWKHWLOWDQJOHRIWKHDUPUHVW
 %DFN5HVW$GMXVWPHQW &RQWUROVWKHYHUWLFDODQJOHRIWKHEDFNUHVW
/,)7WKHOHYHUWRUHOHDVHDQGDGMXVWWKHEDFNUHVW
386+GRZQWKHOHYHUWRORFNWKHEDFNUHVWLQSRVLWLRQ
 $LU6HDW+HLJKW$GMXVWPHQW &RQWUROVWKHKHLJKWRIWKHVHDW
386+WKHNQREWRUDLVHVHDW
38//WKHNQREWRORZHUVHDW
 $LU6HDW6XVSHQVLRQ$GMXVWPHQW 7851NQREFORFNZLVHWRDFKLHYHDVPRRWKHUVXVSHQVLRQ
7851NQREFRXQWHUFORFNZLVHWRLQFUHDVHULJLGLW\RIWKHVXVSHQVLRQ
 )RUZDUG%DFNZDUG &RQWUROVWKH)25:$5'DQG%$&.:$5'PRYHPHQWRIWKHVHDWRQWKHVHDW
6HDW0RYHPHQW UDLOV
/,)7OHYHUWRUHOHDVHWKHVHDWIRUDGMXVWPHQW
386+OHYHUGRZQWRORFNWKHVHDWLQSRVLWLRQ


0RGHO'HVFULSWLRQ
7DEOH6HDW&RQWUROV 6HH)LJXUH  &RQWLQXHG

,WHP ,WHP )XQFWLRQ


1R
 0HFKDQLFDO6HDW $OORZVILQHDGMXVWPHQWRIWKHVHDWKHLJKWRYHUDOLPLWHGUDQJH5RWDWHWKLVNQRE
+HLJKW)LQH$GMXVWPHQW WRUDLVHRUORZHUWKHKHLJKWRIWKHVHDW
 0HFKDQLFDO6HDW 8VHERWKKDQGVWROLIWWKHVHDWXQWLOLWODWFKHVLQWKHQH[WKLJKHUOHYHO$IWHUWKH
+HLJKW/HYHO$GMXVWPHQW WRSOHYHOKDVEHHQUHDFKHGWKHVHDWZLOOODWFKLQWRWKHORZHVWKHLJKWOHYHO
 %DFN5HVW([WHQVLRQ 2SWLRQDO 0RYHWKHEDFNUHVWXSRUGRZQWRDGMXVWWKHKHLJKW
0RYHWKHWRSRIWKHEDFNUHVWIRUZDUGRUEDFNZDUGWRDGMXVWWKHEDFNUHVWDQJOH


0RGHO'HVFULSWLRQ

)LJXUH6HDUV'HOX[H6HDW


0RGHO'HVFULSWLRQ
7DEOH6HDW&RQWUROV 6HH)LJXUH

,WHP ,WHP )XQFWLRQ


1R
 6HDW%HOWDQG6HDW%HOW5HWUDFWRU 6HDWEHOWPXVWEHSURSHUO\IDVWHQHGEHIRUHVWDUWLQJOLIWWUXFNRSHUDWLRQV
 /XPEDU$GMXVWPHQW 3XVKWRSRIVZLWFKWRLQFUHDVHOXPEDUVXSSRUW
3XVKERWWRPRIVZLWFKWRGHFUHDVHOXPEDUVXSSRUW
 6HDW+HDWLQJ6ZLWFK 3XVKWRSRIVZLWFKWRVZLWFKKHDWLQJ21
3XVKERWWRPRIVZLWFKWRVZLWFKKHDWLQJ2))
 +HLJKW:HLJKW$GMXVWPHQW 7RFKDQJHWKHKHLJKWIRULQGLYLGXDOQHHGVSXVKWRSRIVZLWFKWRUDLVHDQGSXVK
ERWWRPRIVZLWFKWRORZHUWKHVHDW
 $UPUHVW7LOW$GMXVWPHQW 7XUQWKHNQREWRDGMXVWWKHWLOWDQJOHRIWKHDUPUHVW
 %DFN5HVW$GMXVWPHQW /LIWWKHOHYHUWRUHOHDVHDQGDGMXVWWKHEDFNUHVW
3XVKGRZQRQWKHOHYHUWRORFNWKHEDFNUHVWLQSRVLWLRQ
 )RUH$IW,VRODWRU /LIWOHYHUWRDOORZIRUHDIWVXVSHQVLRQ
3UHVVOHYHUGRZQWRORFNIRUHDIWVXVSHQVLRQ
 6ZLYHO$GMXVWPHQW 6HDWFDQEHVZLYHOHGLQWRWKUHHƒLQFUHPHQWVWRWKHULJKWDQGOHIW
/LIWOHYHUDQGVZLYHOVHDWLQWRGHVLUHGSRVLWLRQ
5HOHDVHWKHOHYHUWRORFN


0RGHO'HVFULSWLRQ
7DEOH6HDW&RQWUROV 6HH)LJXUH  &RQWLQXHG

,WHP ,WHP )XQFWLRQ


1R
 'DPSHU$GMXVWPHQW 7XUQNQREFORFNZLVHWRLQFUHDVHULJLGLW\RIWKHVXVSHQVLRQ
7XUQNQREFRXQWHUFORFNZLVHWRDFKLHYHDVPRRWKHUVXVSHQVLRQ
 )RUH$IW6HDW$VVHPEO\ 7KHOHYHUFRQWUROVWKHPP LQ IRUZDUGDQGEDFNZDUGSRVLWLRQDGMXVWPHQW
$GMXVWPHQW RIWKHVHDWDVVHPEO\LQPP LQ LQFUHPHQWV
/LIWWKHOHYHUWRUHOHDVHWKHVHDWIRUDGMXVWPHQW
3XVKOHYHUGRZQWRORFNWKHVHDWLQSRVLWLRQ
 )RUH$IW&XVKLRQ$GMXVWPHQW 7KHOHYHUFRQWUROVWKHPP LQ IRUZDUGDQGEDFNZDUGSRVLWLRQDGMXVWPHQW
RIWKHFXVKLRQLQPP LQ LQFUHPHQWV
/LIWWKHOHYHUWRUHOHDVHWKHFXVKLRQIRUDGMXVWPHQW
3XVKOHYHUGRZQWRORFNWKHFXVKLRQLQSRVLWLRQ
 6HDW&XVKLRQ7LOW$GMXVWPHQW 7KHOHYHUFRQWUROVWKHWLOWSRVLWLRQRIWKHFXVKLRQLQWZRLQFUHPHQWVRIGHJUHHV
/LIWWKHOHYHUWRUHOHDVHWKHFXVKLRQIRUDGMXVWPHQW
3XVKOHYHUGRZQWRORFNWKHFXVKLRQLQSRVLWLRQ
 +HDG5HVW 0RYHWKHKHDGUHVWIRUZDUGRUEDFNZDUGIRUDGMXVWPHQW


0RGHO'HVFULSWLRQ
7DEOH6HDW&RQWUROV 6HH)LJXUH  &RQWLQXHG

,WHP ,WHP )XQFWLRQ


1R
 %DFN5HVW([WHQVLRQ 2SWLRQDO 0RYHWKHEDFNUHVWXSRUGRZQWRDGMXVWWKHKHLJKW
0RYHWKHWRSRIWKHEDFNUHVWIRUZDUGRUEDFNZDUGWRDGMXVWWKHEDFNUHVWDQJOH


0RGHO'HVFULSWLRQ

)LJXUH6SULQJ$VVLVWHG$UPUHVW


0RGHO'HVFULSWLRQ
7DEOH6SULQJ$VVLVWHG$UPUHVW 6HH)LJXUH

,WHP1R ,WHP )XQFWLRQ


 /HYHU 38//$1'+2/'OHYHUWRXQORFNVSULQJDVVLVWHGDUPUHVW
386+2538//DUPUHVWXQWLOLWKDVUHDFKHGWKHGHVLUHGSRVLWLRQ
5(/($6(OHYHUWRORFNVSULQJDVVLVWHGDUPUHVW
 )URQW5HDU$GMXVWPHQW 7851FRXQWHUFORFNZLVHWRDOORZDGMXVWPHQW
7851FORFNZLVHILUPO\WRVHFXUHLQGHVLUHGSRVLWLRQ
 6LGHZD\V$GMXVWPHQW 7851FRXQWHUFORFNZLVHWRDOORZDGMXVWPHQW
7851FORFNZLVHILUPO\WRVHFXUHLQGHVLUHGSRVLWLRQ


0RGHO'HVFULSWLRQ

)LJXUH,QVWUXPHQWDQG,QGLFDWRUV 6KHHWRI


0RGHO'HVFULSWLRQ

)LJXUH,QVWUXPHQWDQG,QGLFDWRUV 6KHHWRI


0RGHO'HVFULSWLRQ
7DEOH,QVWUXPHQWVDQG,QGLFDWRUV 6HH)LJXUH

,WHP
,WHP )XQFWLRQ
1R
 &HQWUDO:DUQLQJ
:$51,1*
/LJKWV
:KHQWKHVHUHGOLJKWVDUH21WKHUHLVDIDXOWFRQGLWLRQZLWKWKHOLIWWUXFN
6WRSWKHWUXFNDQGORRNDWLQVWUXPHQWSDQHOWRGHWHUPLQHZKLFKV\VWHP
KDVDIDXOWFRQGLWLRQRUOLIWWUXFNGDPDJHRUSHUVRQDOLQMXU\PD\RFFXU

 &RRODQW *DXJHLQGLFDWHVFRRODQWWHPSHUDWXUHZKHQWKHNH\VZLWFKLVLQWKH21SRVLWLRQ
7HPSHUDWXUH :KHQWKHWHPSHUDWXUHLVQHDUDFULWLFDOYDOXHWKHJDXJHV\PEROZLOO)/$6+
*DXJH UHGDQGWKHHQJLQHZDUQLQJOLJKWDQGWKHFHQWUDOZDUQLQJOLJKWVZLOOFRPH21
$IDXOWFRGHZLOOEHGLVSOD\HG(QJLQHSHUIRUPDQFHPD\GHFUHDVH:KHQWKH
WHPSHUDWXUHKDVH[FHHGHGDFULWLFDOYDOXHWKHHQJLQHVWRSOLJKWZLOOEH21DQG
WKHEX]]HUZLOOVRXQG,PPHGLDWHO\VKXWGRZQWKHHQJLQHRUGDPDJHWRWKH
OLIWWUXFNZLOORFFXU
127()RUHPHUJHQF\VLWXDWLRQVDXWRPDWLFHQJLQHVKXWGRZQFDQEHUHVHW
7XUQWKHNH\VZLWFKWR2))DQGWKHQWR21SRVLWLRQDQGUHVWDUWWKHHQJLQH,I
WKHIDXOWLVVWLOOSUHVHQWWKHHQJLQHZLOORQO\UXQIRUDOLPLWHGWLPH


0RGHO'HVFULSWLRQ
7DEOH,QVWUXPHQWVDQG,QGLFDWRUV 6HH)LJXUH  &RQWLQXHG

,WHP
,WHP )XQFWLRQ
1R
 +RXUPHWHU)DXOW 7KHKRXUPHWHURSHUDWHVZKLOHWKHHQJLQHLVUXQQLQJ3HULRGLFPDLQWHQDQFH
&RGH'LVSOD\ UHFRPPHQGDWLRQVDUHEDVHGRQWKHVHKRXUV,WDOVRGLVSOD\VHQJLQHWUDQV
PLVVLRQDQGK\GUDXOLFIDXOWV$GGLWLRQDOLQIRUPDWLRQLVLQGLFDWHGZKHQIDXOWV
RFFXU,IPRUHWKDQRQHIDXOWLVSUHVHQWWKHIDXOWVZLOOVFUROO
7KHH[SODQDWLRQRIIDXOWFRGHVLVORFDWHGLQ7DEOHDQG7DEOH
 (QJLQH:DUQLQJ 7KLVZDUQLQJOLJKWLV21ZKHQDQHQJLQHIDXOWKDVEHHQGHWHFWHG7KHFHQWUDO
/LJKW ZDUQLQJOLJKWVZLOOEH21'HWHUPLQHZKLFKIDXOWLVSUHVHQWDQGWDNHDSSURSULDWH
DFWLRQLPPHGLDWHO\

 (QJLQH6WRS ,IWKHUHGHQJLQHVWRSZDUQLQJOLJKWFRPHV21WKHUHLVDFULWLFDOIDXOWFRQGLWLRQ
:DUQLQJ/LJKW $IDXOWFRGHZLOOEHGLVSOD\HG7KHEX]]HUZLOOVRXQG7KHFHQWUDOZDUQLQJOLJKWV
ZLOOEH21,PPHGLDWHO\VKXWGRZQWKHHQJLQHRUGDPDJHWRWKHOLIWWUXFN
ZLOORFFXU
127()RUHPHUJHQF\VLWXDWLRQVDXWRPDWLFHQJLQHVKXWGRZQFDQEHUHVHW
7XUQWKHNH\VZLWFKWR2))DQGWKHQWR21DQGUHVWDUWWKHHQJLQH,IWKHIDXOW
LVVWLOOSUHVHQWWKHHQJLQHZLOORQO\UXQIRUDOLPLWHGWLPH


0RGHO'HVFULSWLRQ
7DEOH,QVWUXPHQWVDQG,QGLFDWRUV 6HH)LJXUH  &RQWLQXHG

,WHP
,WHP )XQFWLRQ
1R
 7UDQVPLVVLRQ 7KLVZDUQLQJOLJKWLV21ZKHQDWUDQVPLVVLRQIDXOWKDVEHHQGHWHFWHG7KH
:DUQLQJ/LJKW FHQWUDOZDUQLQJOLJKWVZLOOEH21$IDXOWFRGHZLOOEHGLVSOD\HG'HWHUPLQH
ZKLFKIDXOWLVSUHVHQWDQGWDNHDSSURSULDWHDFWLRQLPPHGLDWHO\

 7UDQVPLVVLRQ 5HGOLJKWZLOO)/$6+LIDLQFRUUHFWSUHVVXUHLVGHWHFWHG$IDXOWFRGHZLOOEH
3UHVVXUH)HHGEDFN GLVSOD\HG7KHWUDQVPLVVLRQPD\VKLIWWR1(875$/7KHEX]]HUZLOOVRXQG
:DUQLQJ/LJKW 7KHFHQWUDOZDUQLQJOLJKWVZLOOFRPH216KXWGRZQPRGHUHPDLQVVHOHFWHG
XQWLOWKHFRQWUROOHULVVZLWFKHG2))

 7UDQVPLVVLRQ2LO 7KLVJDXJHLQGLFDWHVWUDQVPLVVLRQRLOWHPSHUDWXUHZKHQWKHNH\VZLWFKLVLQWKH
7HPSHUDWXUH 21SRVLWLRQ:KHQWKHWHPSHUDWXUHLVQHDUDFULWLFDOYDOXHWKHJDXJHV\PERO
*DXJH ZLOO)/$6+UHGWKHWUDQVPLVVLRQZDUQLQJOLJKWDQGWKHFHQWUDOZDUQLQJOLJKWV
ZLOOEH21$IDXOWFRGHZLOOEHGLVSOD\HG(QJLQHSHUIRUPDQFHPD\GHFUHDVH
:KHQWKHWHPSHUDWXUHKDVH[FHHGHGDFULWLFDOYDOXHWKHEX]]HUZLOOVRXQG
,PPHGLDWHO\VKXWGRZQWKHHQJLQHRUOLIWWUXFNGDPDJHZLOORFFXU


0RGHO'HVFULSWLRQ
7DEOH,QVWUXPHQWVDQG,QGLFDWRUV 6HH)LJXUH  &RQWLQXHG

,WHP
,WHP )XQFWLRQ
1R
 7UDQVPLVVLRQ 7KLVRUDQJHOLJKWLV21ZKHQWKHWUDQVPLVVLRQFDOLEUDWLRQVZLWFKLQWKHVLGH
&DOLEUDWLRQ FRQVROHKDVEHHQDFWLYDWHGDQGLVLQWKHGRZQSRVLWLRQ)RUQRUPDOWUXFNRSHU
:DUQLQJ/LJKW DWLRQWKHWUDQVPLVVLRQFDOLEUDWLRQVZLWFKPXVWEHGHDFWLYDWHG LQWKHXSSRVL
WLRQ DQGWKHWUDQVPLVVLRQFDOLEUDWLRQZDUQLQJOLJKWPXVWEH2))

 +\GUDXOLF6\VWHP 7KLVRUDQJHZDUQLQJOLJKWLV21ZKHQDQK\GUDXOLFV\VWHPPDOIXQFWLRQKDV
0DOIXQFWLRQ EHHQGHWHFWHG7KHFHQWUDOZDUQLQJOLJKWVZLOOEH21
:DUQLQJ/LJKW
$IDXOWFRGHZLOOEHGLVSOD\HG'HWHUPLQHZKLFKIDXOWLVSUHVHQWDQGWDNHDSSUR
SULDWHDFWLRQLPPHGLDWHO\

 +\GUDXOLF2LO 7KLVOLJKWLVQRWIXQFWLRQDODQGUHPDLQV2))GXULQJRSHUDWLRQ7KLVOLJKWLV21
)LOWHU5HVWULFWLRQ GXULQJWKHLQLWLDOOLJKWFKHFNRQO\
:DUQLQJ/LJKW
2SWLRQDO


0RGHO'HVFULSWLRQ
7DEOH,QVWUXPHQWVDQG,QGLFDWRUV 6HH)LJXUH  &RQWLQXHG

,WHP
,WHP )XQFWLRQ
1R
 +\GUDXOLF2LO+LJK
&$87,21
7HPSHUDWXUH:DUQLQJ
'RQRWFRQWLQXHWRRSHUDWHWKHOLIWWUXFNZKHQWKHUHGOLJKWLV21RUOLIW
/LJKW 2SWLRQDO
WUXFNGDPDJHPD\RFFXU
5HGZDUQLQJOLJKWFRPHV21ZKHQWKHK\GUDXOLFRLOWHPSHUDWXUHLVKLJK7KH
EX]]HUVRXQGV7KHFHQWUDOZDUQLQJOLJKWVZLOOEH21)RU460HQJLQHV
HQJLQHSHUIRUPDQFHPD\GHFUHDVH:KHQHQJLQHRLOSUHVVXUHLVEHORZDFULWLFDO
YDOXHWKHHQJLQHVWRSOLJKWZLOOEH21DQGWKHEX]]HUZLOOVRXQG6KXWGRZQ
WKHHQJLQHLPPHGLDWHO\RUGDPDJHWRWKHOLIWWUXFNZLOORFFXU
 %UDNH6\VWHP
:$51,1*
/RZ3UHVVXUH
'RQRWRSHUDWHWKHOLIWWUXFNZKHQWKHUHGOLJKWLV21,PPHGLDWHO\VKXW
:DUQLQJ/LJKW
GRZQWKHHQJLQHRUSHUVRQDOLQMXU\PD\RFFXU
5HGZDUQLQJOLJKWFRPHV21ZKHQWKHEUDNHSUHVVXUHLVORZ7KHEX]]HUZLOO
VRXQG7KHFHQWUDOZDUQLQJOLJKWVZLOOEH21
$IWHUVWDUWLQJWKHHQJLQHZDLWXQWLOWKHOLJKWLV2))EHIRUHUHOHDVLQJWKHSDUN
EUDNHRURSHUDWLQJWKHOLIWWUXFN


0RGHO'HVFULSWLRQ
7DEOH,QVWUXPHQWVDQG,QGLFDWRUV 6HH)LJXUH  &RQWLQXHG

,WHP
,WHP )XQFWLRQ
1R
 3DUNLQJ%UDNH 5HGZDUQLQJOLJKWLV21ZKHQWKHSDUNLQJEUDNHLVDSSOLHG
:DUQLQJ/LJKW

 9ROWPHWHU*DXJH 7KHYROWPHWHULQGLFDWHVWKHV\VWHPYROWDJH:KHQWKHLJQLWLRQLV21DQGWKH
HQJLQHLVQRWUXQQLQJWKHJDXJHV\PEROZLOOEHUHG:KHQWKHHQJLQHLVUXQQLQJ
DQGWKHV\VWHPYROWDJHLVEHORZ9'&WKHJDXJHV\PEROZLOO)/$6+UHG
7KHFHQWUDOZDUQLQJOLJKWVZLOOEH21

 )XHO/HYHO*DXJH :KHQWKHIXHOOHYHOLVRUOHVVRIWKHWDQNFDSDFLW\WKHJDXJHV\PEROZLOO
)/$6+UHG7KHFHQWUDOZDUQLQJOLJKWVZLOOEH21


0RGHO'HVFULSWLRQ
7DEOH,QVWUXPHQWVDQG,QGLFDWRUV 6HH)LJXUH  &RQWLQXHG

,WHP
,WHP )XQFWLRQ
1R
 (QJLQH :KHQWKHHQJLQHLVUXQQLQJWKHQHHGOHLVDSSUR[LPDWHO\LQWKHPLGGOHRIWKH
2LO3UHVVXUH JDXJHLQGLFDWLQJQRUPDOHQJLQHRLOSUHVVXUH:KHQHQJLQHRLOSUHVVXUHLVQHDU
*DXJH DFULWLFDOYDOXHWKHJDXJHV\PEROZLOO)/$6+UHGWKHHQJLQHZDUQLQJOLJKWDQG
WKHFHQWUDOZDUQLQJOLJKWVZLOOFRPH21DQGDIDXOWFRGHZLOOEHGLVSOD\HG
(QJLQHSHUIRUPDQFHPD\GHFUHDVH:KHQHQJLQHRLOSUHVVXUHLVEHORZDFULW
LFDOYDOXHWKHHQJLQHVWRSOLJKWZLOOEH21DQGWKHEX]]HUZLOOVRXQG,PPH
GLDWHO\VKXWGRZQWKHHQJLQHRUGDPDJHWRWKHOLIWWUXFNZLOORFFXU
127()RUHPHUJHQF\VLWXDWLRQVDXWRPDWLFHQJLQHVKXWGRZQFDQEHUHVHW
7XUQWKHNH\VZLWFKWR2))DQGWKHQWR21SRVLWLRQDQGUHVWDUWWKHHQJLQH,I
WKHIDXOWLVVWLOOSUHVHQWWKHHQJLQHZLOORQO\UXQIRUDOLPLWHGWLPH
 6HDW%HOW
:$51,1*
:DUQLQJ/LJKW
%HIRUHGULYLQJWKHOLIWWUXFNDOZD\VIDVWHQ\RXUVDIHW\EHOWRUSHUVRQDO
LQMXU\PD\RFFXU
2UDQJHOLJKWLV21IRUVHFRQGVDIWHUWKHNH\LVSODFHGLQWKH21SRVLWLRQ


0RGHO'HVFULSWLRQ
7DEOH,QVWUXPHQWVDQG,QGLFDWRUV 6HH)LJXUH  &RQWLQXHG

,WHP
,WHP )XQFWLRQ
1R
 +LJK([KDXVW 7KLVZDUQLQJOLJKWLV21ZKHQWKHUHJHQHUDWLRQSURFHVVIRUWKHGLHVHOSDUWLFX
7HPSHUDWXUH ODWHILOWHUKDVFDXVHGWKDWWKHWHPSHUDWXUHRIWKHH[KDXVWV\VWHPKDVH[FHHGHG
:DUQLQJ/LJKW DFHUWDLQOHYHO0DNHVXUHWKHH[KDXVWSLSHRXWOHWLVQRWGLUHFWHGDWDQ\VXUIDFH
7LHUL6WDJH,,,% RUPDWHULDOWKDWPD\EHFRPHKD]DUGRXV
(QJLQHV2QO\
,IWKHDUHDGRHVQRWDOORZKLJKH[KDXVWV\VWHPWHPSHUDWXUHVVZLWFKWKH
5HJHQHUDWLRQ&RQWURO6ZLWFKWRWKH21SRVLWLRQWRSRVWSRQHUHJHQHUDWLRQRI
WKHGLHVHOSDUWLFXODWHILOWHU3HUIRUPD6WDWLRQDU\5HJHQHUDWLRQ3URFHGXUHDW
HDUOLHVWFRQYHQLHQFH6HH([KDXVW6\VWHP5HJHQHUDWLRQ 7LHUL6WDJH,,,%
(QJLQHV2QO\ 
 5HJHQHUDWLRQ,QKLELW 7KLVZDUQLQJOLJKWLV21ZKHQWKHVZLWFKRQWKHWRSRIWKH5HJHQHUDWLRQ&RQWURO
:DUQLQJ/LJKW 6\VWHPKDVEHHQIOLSSHGWRWKH21SRVLWLRQ6ZLWFKWKHUHJHQHUDWLRQLQKLELW
7LHUL6WDJH,,,% VZLWFKWR2))DVVRRQDVWKHWUXFNLVLQDQHQYLURQPHQWWKDWDOORZVKLJKH[KDXVW
(QJLQHV2QO\ V\VWHPWHPSHUDWXUHV


0RGHO'HVFULSWLRQ
7DEOH,QVWUXPHQWVDQG,QGLFDWRUV 6HH)LJXUH  &RQWLQXHG

,WHP
,WHP )XQFWLRQ
1R
 'LHVHO3DUWLFXODWH 7KLVZDUQLQJOLJKWLV21ZKHQUHJHQHUDWLRQRIWKHGLHVHOSDUWLFXODWHILOWHULV
)LOWHU/LJKW UHTXLUHG7KLVZDUQLQJOLJKWIODVKHVZKHQUHJHQHUDWLRQRIWKHGLHVHOSDUWLFXODWH
7LHUL6WDJH,,,% ILOWHUKDVEHFRPHXUJHQW0RYHWKHWUXFNDWHDUOLHVWFRQYHQLHQFHWRDQDUHDWKDW
(QJLQHV2QO\ DOORZVKLJKH[KDXVWV\VWHPWHPSHUDWXUHVDQGSHUIRUPD6WDWLRQDU\5HJHQHU
DWLRQ3URFHGXUH
)RUDGHVFULSWLRQRIWKHVWDWLRQDU\UHJHQHUDWLRQSURFHGXUHVHH([KDXVW6\V
WHP5HJHQHUDWLRQ 7LHUL6WDJH,,,%(QJLQHV2QO\ 
 (QJLQH$LU)LOWHU 2UDQJHHQJLQHDLUILOWHUZDUQLQJOLJKWLV21ZKHQWKHDLUILOWHULVGLUW\RUKDVDQ
:DUQLQJ/LJKW REVWUXFWLRQ,IWKHOLJKWLV21UHSODFHWKHPDLQILOWHUHOHPHQW7KHFHQWUDOZDUQ
LQJOLJKWVZLOOEH21

 (QJLQH:DLWWR 7KLVZDUQLQJOLJKWLV21IRUVHFRQGVDIWHUWKHNH\LVWXUQHGWRWKH21SRVLWLRQ
6WDUW/LJKW ZKHQHQJLQHWHPSHUDWXUHLVEHORZíƒ& ƒ) ,WLQGLFDWHVWKDWWKHFROGVWDUW
DLGKDVEHHQDFWLYDWHG$IWHUVHFRQGVWKHOLJKWZLOOJR2))WRLQGLFDWHWKDW
WKHHQJLQHFDQEHVWDUWHG


0RGHO'HVFULSWLRQ
7DEOH([SODQDWLRQRI)DXOW&RGHV

&RGH6WDUWV:LWK 6\VWHP 5HIHUHQFHRU([SODQDWLRQ


( (QJLQH 6HH(QJLQH)DXOW&RGH*XLGH650
W 7UDQVPLVVLRQ 6HH$3&)DXOW&RGH*XLGH650
W( 7UDQVPLVVLRQ 6HH7DEOH
K +\GUDXOLFV 6HH+\GUDXOLF&RQWURO6\VWHP650
K&ROG +\GUDXOLFV +\GUDXOLFRLOWHPSHUDWXUHLQWKHUHVHUYRLULVEHORZíƒ& ƒ) $OOK\GUDXOLF
IXQFWLRQVFDQEHRSHUDWHGQRUPDOO\EXWWKHFRQWUROOHUOLPLWVHQJLQHVSHHGSURSRU
WLRQDOWRWKHK\GUDXOLFRLOWHPSHUDWXUH$Wíƒ& íƒ) WKHHQJLQHVSHHGLVOLPLWHG
WRUSP$ERYHíƒ& ƒ) WKHFRQWUROOHUGRHVQRWOLPLWHQJLQHVSHHG
/LPLWDWLRQRIWKHHQJLQHVSHHGUHGXFHVPD[LPXPK\GUDXOLFSHUIRUPDQFH$SSO\
K\GUDXOLFIXQFWLRQVWRUDLVHK\GUDXOLFRLOWHPSHUDWXUHV
K+RW +\GUDXOLFV +\GUDXOLFRLOWHPSHUDWXUHLQWKHUHVHUYRLUH[FHHGVƒ& ƒ) 5HGXFH
K\GUDXOLFRLOWHPSHUDWXUHE\UHGXFLQJK\GUDXOLFSRZHUGHPDQGXQWLOFRGHK+RWKDV
GLVDSSHDUHG
E+RW %UDNHV +\GUDXOLFRLOWHPSHUDWXUHDWWKHEUDNHVH[FHHGVƒ& ƒ) 5HGXFHK\GUDXOLF
RLOWHPSHUDWXUHE\UHGXFLQJXVDJHRIWKHEUDNHVHJE\OLPLWLQJWUDYHOVSHHG
I8HO (QJLQH )XHOOHYHOLVRUOHVVRIWDQNFDSDFLW\5HIXHOVRRQ


0RGHO'HVFULSWLRQ
7DEOH7UDQVPLVVLRQ([FHHG&RGHV

&RGH ([SODQDWLRQ 2SHUDWRU$FWLRQ


W( 7KHYHKLFOHVSHHGLVWRRKLJKWRPDNHWKHUHTXHVWHG 6ORZGRZQWKHYHKLFOHWRDOORZWKHFRQWUROOHUWRGRZQ
GRZQVKLIW VKLIW
W( 7KHYHKLFOHVSHHGLVWRRKLJKWRPDNHWKHUHTXHVWHG %HDZDUHWKDWWKHFRQWUROOHUKDVSXWWKHWUDQVPLVVLRQ
GLUHFWLRQFKDQJH LQWRQHXWUDO6ORZGRZQWKHYHKLFOHWRDOORZWKHFRQWURO
OHUWRFKDQJHGLUHFWLRQ
W( 7KHHQJLQHVSHHGLVWRRKLJKWRPDNHWKHUHTXHVWHG /RZHUHQJLQHVSHHG
GLUHFWLRQFKDQJHRUUHHQJDJHPHQW
W( 7KHUHGXFHGYHKLFOHVSHHGOLPLWDWLRQLVDFWLYH %HDZDUH
W( 7KHUHGXFHGYHKLFOHVSHHGOLPLWDWLRQLVDFWLYHKRZHYHU 5HGXFHYHKLFOHVSHHGEHORZWKHPD[LPXPYHKLFOH
WKHYHKLFOHVSHHGLVDERYHWKHVSHHGOLPLWDWLRQ VSHHG
W( 7KHYHKLFOHVSHHGLVDERYHWKHPD[LPXPYHKLFOHVSHHG 5HGXFHYHKLFOHVSHHGEHORZWKHPD[LPXPYHKLFOH
OLPLW VSHHG
W( $EQRUPDODFFHOHUDWLRQLVGHWHFWHG 2QHRUERWKGULYHZKHHOVDUHVNLGGLQJ$XWRPDWLFVKLIW
LQJLVGLVDEOHG$GMXVWEUDNLQJHIIRUWWRIORRUFRQGLWLRQV
W( $EQRUPDODFFHOHUDWLRQLVGHWHFWHG 2QHRUERWKGULYHZKHHOVDUHVSLQQLQJ$XWRPDWLFVKLIW
LQJLVGLVDEOHG$SSO\WKURWWOHDFFRUGLQJGULYLQJFRQGL
WLRQV


0RGHO'HVFULSWLRQ
7DEOH7UDQVPLVVLRQ([FHHG&RGHV &RQWLQXHG

&RGH ([SODQDWLRQ 2SHUDWRU$FWLRQ


W( 7UDQVPLVVLRQQHHGVUHFDOLEUDWLRQ &RQWDFW0DLQWHQDQFHWRKDYHWKHWUDQVPLVVLRQUHFDOL
EUDWHG
W( 2SHUDWRULVQRWVHDWHGDQGVKLIWOHYHULV127LQ1HXWUDO 6KLIWOHYHUWRQHXWUDODQGDSSO\SDUNLQJEUDNH&RGH
DQGRUSDUNLQJEUDNHLV127DFWLYDWHG W(DOVRDSSHDUVZKHQWKH+\GUDXOLF6HUYLFH6ZLWFK
LVDFWLYDWHG7KLVVZLWFKLVORFDWHGQHDUWKHIXVHSDQHO
W( 7XUELQHVSHHGH[FHHGVWKHOLPLW 5HGXFHYHKLFOHVSHHG7KHFRQWUROOHUKDVUHGXFHG
HQJLQHVSHHGWRLGOH


0RGHO'HVFULSWLRQ
7DEOH&OLPDWH&RQWURO2SHUDWLQJ,QVWUXFWLRQV

&RQWUROV  /&''LVSOD\
'XULQJQRUPDORSHUDWLRQWKHVHWSRLQWWHPSHUDWXUHEORZHUVSHHG
RSHUDWLRQPRGHDQGIUHVKUHFLUFDLUVHOHFWLRQDUHGLVSOD\HG,Q
7HVW'LDJQRVWLFPRGHHUURUPHVVDJHVZLOOEHGLVSOD\HGRQVFUHHQ
IRUWURXEOHVKRRWLQJ'LVSOD\ VFRQWUDVWLVDXWRPDWLFDOO\FRPSHQVD
WHGIRUDOOWHPSHUDWXUHV
 6(76(/(&7%XWWRQ
'XULQJQRUPDORSHUDWLRQLWLVXVHGIRUVHOHFWLQJEHWZHHQPRGHV
,Q7HVW'LDJQRVWLFPRGHLWLVXVHGWRWHVWDQGGLDJQRVHGLIIHUHQW
FRPSRQHQWVZLWKWKH+9$&V\VWHP
 3RZHU%XWWRQ
7XUQV+9$&XQLW21DQG2))


0RGHO'HVFULSWLRQ
7DEOH&OLPDWH&RQWURO2SHUDWLQJ,QVWUXFWLRQV &RQWLQXHG

0DLQ'LVSOD\6FUHHQ  $LU&LUFXODWLRQ6HWWLQJ
7KHDLUPL[FDQEHVHWIURPIXOOIUHVKDLURUIXOOUHFLUFXODWHGDLU
 0RGH
,WGLVSOD\V+9$&V\VWHP VPRGHV $XWRPDWLF+HDW&RRODQG
'HIURVW 
 7HPSHUDWXUH6HW3RLQW
'LVSOD\VFXUUHQWLQVLGHVHWSRLQWWHPSHUDWXUH
 %ORZHU6SHHG
'LVSOD\VFXUUHQWEORZHUVSHHGVHWWLQJ

2SHUDWLRQ0HQXV
0DLQ6FUHHQ
:KHQWKHFRQWUROOHULVWXUQHGRQWKHPDLQVFUHHQZLOODSSHDU&XUUHQW
VHWSRLQWWHPSHUDWXUHFOLPDWHFRQWUROPRGHDLUFLUFXODWLRQDQGEORZHU

VSHHGDUHGLVSOD\HG$ V\PEROZLOOEHGLVSOD\HGZKHQWKHUHLVDQ\
IDXOWZLWKWKH+9$&V\VWHP


0RGHO'HVFULSWLRQ
7DEOH&OLPDWH&RQWURO2SHUDWLQJ,QVWUXFWLRQV &RQWLQXHG

%ORZHU6SHHG6HWWLQJV
3UHVVWKH6(7NQREXQWLOWKHEORZHULFRQDSSHDUVWKHQWXUQWKHNQRE
FORFNZLVHWRLQFUHDVHEORZHUVSHHGDQGFRXQWHUFORFNZLVHWRGHFUHDVH
EORZHUVSHHGZLWKLQFUHPHQWV%ORZHUVSHHGFDQQRWEHDGMXVWHGLQ
GHIURVWPRGH

&OLPDWH&RQWURO0RGH6HWWLQJV
3UHVVWKH6(7NQREXQWLOWKHFOLPDWHFRQWUROPRGHLFRQDSSHDUVWKHQURWDWHWKH
6(7NQREXQWLOUHTXLUHGFRQWUROPRGHLVGLVSOD\HG
$872$FFRUGLQJWRWKHWHPSHUDWXUHVHWSRLQWWKHFRQWUROOHUWDNHVRYHU
DQGFRQVWDQWO\DQDO\]HVV\VWHP VHOHFWURQLFWHPSHUDWXUHVHQVRUVWR
PDLQWDLQWHPSHUDWXUH
&RRO&\FOLQJRIWKH$&FRPSUHVVRUFRQWUROVLQWHULRUWHPSHUDWXUH7KH
KHDWHUYDOYHZLOOUHPDLQFORVHG
+HDW,QWHULRUWHPSHUDWXUHLVUHJXODWHGZLWKWKHHOHFWURQLFKHDWHUYDOYH
$&FRPSUHVVRUZLOOUHPDLQRIIZKHQKHDWPRGHLVDFWLYDWHG
'HIURVW:KHQGHIURVWPRGHLVDFWLYDWHGWKH$&FRPSUHVVRULVWXUQHG
RQEORZHULVWXUQHGRQIXOOVSHHGDQGKHDWHUYDOYHLVIXOO\RSHQHG


0RGHO'HVFULSWLRQ
7DEOH&OLPDWH&RQWURO2SHUDWLQJ,QVWUXFWLRQV &RQWLQXHG

$LU&LUFXODWLRQ6HWWLQJV
3UHVVWKH6(7NQREXQWLOWKHDLUFLUFXODWLRQPRGHLFRQDSSHDUV7XUQ
WKHNQREFORFNZLVHIRUIXOOUHFLUFXODWHGDLURUFRXQWHUFORFNZLVHIRUIXOO
IUHVKDLU

'LVSOD\6HWWLQJV
7RDGMXVWGLVSOD\VHWWLQJVDQGWHPSHUDWXUHVFDOHSUHVVWKH6(7NQRE
XQWLOWKHGLVSOD\VHWWLQJVVFUHHQDSSHDU7KHQWXUQ6(7NQREFORFNZLVH
RUFRXQWHUFORFNZLVHWRDGMXVWVHWWLQJV

7XUQLQJ+9$&6\VWHP2))
,QWKHPDLQVFUHHQSUHVVWKH3RZHUEXWWRQWRVZLWFKRI+9$&V\VWHP
RII:KHQV\VWHPLVWXUQHGRIIWKHEDFNOLJKWZLOOVZLWFKRIIDQGWKHFDE
LQWHULRUWHPSHUDWXUHZLOOEHGLVSOD\HGRQVFUHHQ


0RGHO'HVFULSWLRQ
7DEOH6ZLWFKHV 6HH)LJXUH

,WHP ,WHP )XQFWLRQ


1R
 .H\6ZLWFK 7KHNH\VZLWFKKDVWKUHHSRVLWLRQV
1R3RVLWLRQ2))'HHQHUJL]HVDOOHOHFWULFFLUFXLWVH[FHSWIRUWKHKRUQDQG
KHDGOLJKWV
1R3RVLWLRQ21(QHUJL]HVDOOHOHFWULFFLUFXLWVH[FHSWWKHVWDUWHUFLUFXLW7KH
NH\VZLWFKZLOOEHLQWKLVSRVLWLRQGXULQJQRUPDORSHUDWLRQ
1R3RVLWLRQ67$57(QHUJL]HVWKHVWDUWHUPRWRUIRUVWDUWLQJWKHHQJLQH$
VSULQJUHWXUQVWKHNH\WRSRVLWLRQ1R 21 ZKHQWKHNH\LVUHOHDVHG
127(7KHUHLVDPHFKDQLFDOORFNRXWWKDWSUHYHQWVWKHNH\VZLWFKIURPEHLQJ
UHWXUQHGWRWKH67$57SRVLWLRQZLWKRXWILUVWEHLQJUHWXUQHGWRWKH2))SRVL
WLRQ
 2SWLRQDO$X[LOLDU\9'& 9'&0D[$PSVRXWOHW
3RZHU2XWOHW


0RGHO'HVFULSWLRQ
7DEOH6ZLWFKHV 6HH)LJXUH  &RQWLQXHG

,WHP ,WHP )XQFWLRQ


1R
 +HDWHU$LU&RQGLWLRQHU 6ZLWFKFRQWUROVWKHIDQIRUWKHKHDWHUGHIURVWHUDQG$&V\VWHPV
)DQ6ZLWFK
7XUQWKHVZLWFKWRWKHULJKWWRLQFUHDVHWKHVSHHGRIWKHIDQ

 +HDW&RQWURO.QRE .QREFRQWUROVWKHKHDWHUYDOYH
7RFORVHWKHKHDWHUYDOYHWXUQNQREFRXQWHUFORFNZLVH
:KHQNQRELVWXUQHGWRWKHOHIWFDEKHDWGHFUHDVHV
:KHQNQRELVWXUQHGWRWKHULJKWFDEKHDWLQFUHDVHV

 $LU&RQWURO.QRE .QREFRQWUROVIUHVKDLUYHQWLODWLRQLQWKHFDEWKURXJKWKHFDEYHQWV
:KHQNQRELVWXUQHGWRWKHOHIWIUHVKDLUHQWHUVWKHFDE
:KHQNQRELVWXUQHGWRWKHULJKWDLULVUHFLUFXODWHGLQWKHFDE


0RGHO'HVFULSWLRQ
7DEOH6ZLWFKHV 6HH)LJXUH  &RQWLQXHG

,WHP ,WHP )XQFWLRQ


1R
 2SWLRQDO$&6ZLWFK 6ZLWFKFRQWUROVWKHRSHUDWLRQRIWKHDLUFRQGLWLRQLQJ $& V\VWHP
386+WRSRIVZLWFKWRWXUQWKH$&V\VWHP21
127(:KHQ$&LVVZLWFKHG21VHWWKHFDELQKHDWLQJFRQWUROWRWKHFROG
SRVLWLRQ

 3DUNLQJ%UDNH
:$51,1*
.QRE
$SSO\SDUNLQJEUDNHEHIRUHOHDYLQJ5HDFK6WDFNHU3DUNLQJEUDNHLV127
DXWRPDWLFDOO\DSSOLHG$OZD\VDSSO\EUDNHZKHQOHDYLQJWUXFNRU5HDFK
6WDFNHUGDPDJHRUSHUVRQDOLQMXU\PD\RFFXU
7KHURXQGUHGNQREFRQWUROVWKHRSHUDWLRQRIWKHSDUNLQJEUDNHDVIROORZV
‡ :LWKWKHNQRE386+('LQWKHSDUNLQJEUDNHLVUHOHDVHG
‡ :KHQWKHNQRELV38//('RXWWKHSDUNLQJEUDNHLVDSSOLHG
127(%HIRUHDSSO\LQJWKHSDUNEUDNHPDNHVXUHWKDWWKH5HDFK6WDFNHUKDV
FRPHWRDFRPSOHWHVWRS
127(7KHSDUNLQJEUDNHPXVWEHDSSOLHGEHIRUHVWDUWLQJWKHHQJLQH


0RGHO'HVFULSWLRQ
7DEOH6ZLWFKHV 6HH)LJXUH  &RQWLQXHG

,WHP ,WHP )XQFWLRQ


1R
 $WWDFKPHQW:RUN/LJKW 6ZLWFKFRQWUROVOLJKWVIRUWKHFRQWDLQHUDWWDFKPHQW
386+RQWRSRIVZLWFKWRWXUQOLJKWV21
3XVKERWWRPRIVZLWFKWRWXUQOLJKWV2))
 )URQW)HQGHU 7KLVVZLWFKFRQWUROVWKHVLGHWDLODQGIURQWIHQGHUOLJKWV
/LJKWV6ZLWFK
386+VZLWFKWRILUVWSRVLWLRQWRVZLWFKVLGHDQGWDLOOLJKWV21
386+VZLWFKWRVHFRQGSRVLWLRQWRDGGLWLRQDOO\VZLWFKWKHIURQWIHQGHUOLJKWV
21
386+ERWWRPRIVZLWFKWRWXUQOLJKWV2))
 :RUN/LJKWV 7KLVVZLWFKFDQHLWKHUEHDRQHSRVLWLRQVZLWFKRUDWZRSRVLWLRQVZLWFK
6ZLWFK
386+WRSRIVZLWFKWRPRYHWKHVZLWFKIURP2))WRSRVLWLRQDQG
386+ERWWRPRIVZLWFKWRUHWXUQWKHVZLWFKIURPSRVLWLRQWRSRVLWLRQDQG
2))
$VDRQHSRVLWLRQVZLWFKLWHLWKHUVZLWFKHVWKHUHDUZRUNLQJOLJKWV21RUWKH
ERRPVLGHDQGWDLOOLJKWV$VDWZRSRVLWLRQVZLWFKWKHERRPVLGHDQGWDLO
OLJKWVDUH21LQSRVLWLRQ,QSRVLWLRQWKHRSWLRQDOUHDUZRUNLQJOLJKWVDUH
DOVR21


0RGHO'HVFULSWLRQ
7DEOH6ZLWFKHV 6HH)LJXUH  &RQWLQXHG

,WHP ,WHP )XQFWLRQ


1R
 %HDFRQ6ZLWFK 6ZLWFKFRQWUROVWKHEHDFRQ
386+WKHVZLWFKWRWXUQWKHEHDFRQ21
 +D]DUG6ZLWFK 7KLVVZLWFKFRQWUROVWKHKD]DUGZDUQLQJOLJKWV
386+RQWKHVZLWFKWRWXUQOLJKWV21


0RGHO'HVFULSWLRQ
7DEOH6ZLWFKHV 6HH)LJXUH  &RQWLQXHG

,WHP ,WHP )XQFWLRQ


1R
 Diagnostic Switch
This switch is used to access and exit the fault log mode. The procedure to
access and exit is described in the SRMs listed in Table 5.






0RGHO'HVFULSWLRQ
7DEOH6ZLWFKHV 6HH)LJXUH  &RQWLQXHG

,WHP ,WHP )XQFWLRQ


1R
 6HW6HOHFW%XWWRQ 7KLVEXWWRQLVXVHGWRVHOHFWDQGVHWWKHGLIIHUHQWFOLPDWHPRGHV6HH2SHU
2SWLRQDO DWLQJ,QVWUXFWLRQV


0RGHO'HVFULSWLRQ
7DEOH6ZLWFKHV 6HH)LJXUH  &RQWLQXHG

,WHP ,WHP )XQFWLRQ


1R
 3RZHU212))%XWWRQ 3XVKWKHEXWWRQWRVZLWFKWKHHOHFWURQLFFOLPDWHFRQWUROXQLW21DQG2))
2SWLRQDO

 %DWWHU\'LVFRQQHFW %DWWHU\GLVFRQQHFWOHYHULVORFDWHGRQWKHULJKWKDQGVLGHRIOLIWWUXFNLQWKH
/HYHU EDWWHU\ER[2SHUDWLRQRIOHYHULVVKRZQRQWKHODEHO
127('2127RSHUDWHEDWWHU\GLVFRQQHFWOHYHUXQWLOVHFRQGVDIWHUNH\
VZLWFKLVLQ2))SRVLWLRQ


0RGHO'HVFULSWLRQ

)LJXUH&RQWUROVDQG6LJQDOV


0RGHO'HVFULSWLRQ
7DEOH&RQWUROVDQG6LJQDOV 6HH)LJXUH

,WHP ,WHP )XQFWLRQ


1R
 6KLIW/HYHU 7KHWUDYHOGLUHFWLRQVDUHFRQWUROOHGE\WKHVKLIWOHYHU
386+WKHVKLIWOHYHUWRPRYHWR)25:$5' ) WRWUDYHOLQWKHIRUZDUGSRVL
WLRQ
38//WKHVKLIWOHYHUWRPRYHWR5(9(56( 5 WRWUDYHOLQWKHUHYHUVHSRVLWLRQ
&HQWHUSRVLWLRQLV1(875$/ 1 
3ODFHWKHVKLIWOHYHULQ1(875$/ 1 SRVLWLRQRUGHSUHVVLQFKLQJEUDNHSHGDO
LIVKLIWOHYHULVLQ)25:$5' ) RU5(9(56( 5 SRVLWLRQEHIRUHWKHHQJLQH
FDQEHVWDUWHG
7UDQVPLVVLRQVKLIWOHYHUKDVIRXUUDQJHSRVLWLRQV
)LUVWJHDU7UDQVPLVVLRQZLOOVWD\LQWKLVJHDUXQWLORSHUDWRUVHOHFWVDQRWKHU
JHDU
6HFRQGJHDU7UDQVPLVVLRQZLOOVWD\LQWKLVJHDUXQWLORSHUDWRUVHOHFWV
DQRWKHUJHDU


0RGHO'HVFULSWLRQ
7DEOH&RQWUROVDQG6LJQDOV 6HH)LJXUH  &RQWLQXHG

,WHP ,WHP )XQFWLRQ


1R
 6KLIW/HYHU 7KLUGSRVLWLRQZLOODOORZWKHWUDQVPLVVLRQWRDXWRPDWLFDOO\VKLIWEHWZHHQ
FRQW VHFRQGDQGWKLUGJHDUVGHSHQGLQJRQVSHHG
)RXUWKSRVLWLRQDOORZVWUDQVPLVVLRQWRDXWRPDWLFDOO\VKLIWEHWZHHQVHFRQG
WKLUGDQGIRXUWKJHDUGHSHQGLQJRQVSHHG
127($OOIRXUVSHHGVDUHDYDLODEOHLQWKH)25:$5'DQG5(9(56(GLUHF
WLRQRIWUDYHODVVHOHFWHGE\WKHRSHUDWRU
127(7KHWUDQVPLVVLRQZLOODXWRPDWLFDOO\VKLIWWR1(875$/ 1 LIWKHWUDQV
PLVVLRQRLOSUHVVXUHLVORZRULIWKHRLOLVWRRKRW7KLVZLOORFFXUZLWKWKHOHYHU
LQDQ\SRVLWLRQ7RRYHUULGHWKHWUDQVPLVVLRQSURWHFWLRQLQFDVHRIHPHUJHQF\
WXUQWKHNH\VZLWFK2))DQGWKHQ21DQGUHVWDUWWKHHQJLQH7KLVZLOODOORZ
OLIWWUXFNPRYHPHQWLQILUVWJHDUIRUVHFRQGV


0RGHO'HVFULSWLRQ
7DEOH&RQWUROVDQG6LJQDOV 6HH)LJXUH  &RQWLQXHG

,WHP ,WHP )XQFWLRQ


1R
 6WHHULQJ&ROXPQ
:$51,1*
$GMXVWPHQW
0DNHVXUHVWHHULQJFROXPQDGMXVWPHQWOHYHULVORFNHGLQWRSODFHEHIRUH
PRYLQJ5HDFK6WDFNHU1HYHUDWWHPSWWRDGMXVWVWHHULQJFROXPQZKHQ
5HDFK6WDFNHULVPRYLQJRUSHUVRQDOLQMXU\PD\RFFXU
6WHHULQJFROXPQWLOWV)25:$5'%$&.:$5'DQG7(/(6&23(6IRU
DGMXVWPHQW5HOHDVHOHYHUDQGPRYHVWHHULQJFROXPQWRGHVLUHGSRVLWLRQWKHQ
IDVWHQOHYHU
 6WHHULQJ:KHHO 6WHHULQJZKHHOFRQWUROVSRVLWLRQRIVWHHUWLUHV


0RGHO'HVFULSWLRQ
7DEOH&RQWUROVDQG6LJQDOV 6HH)LJXUH  &RQWLQXHG

,WHP ,WHP )XQFWLRQ


1R
 &HQWUDO:DUQLQJ
:$51,1*
/LJKWV
:KHQWKHVHUHGOLJKWVDUH21WKHUHLVDIDXOWFRQGLWLRQZLWKWKH5HDFK
6WDFNHU6WRSWKHWUXFNDQGORRNDWLQVWUXPHQWSDQHOWRGHWHUPLQHZKLFK
V\VWHPKDVDIDXOWFRQGLWLRQRU5HDFK6WDFNHUGDPDJHRUSHUVRQDOLQMXU\
PD\RFFXU

 +RUQ +RUQEXWWRQFRQWUROVRSHUDWLRQRIWKHKRUQ

 &DE9HQW &DEYHQWSURYLGHVIUHVKDLUWRWKHRSHUDWRU VFDEIURPWKHKHDWHURUDLUFRQGL


WLRQLQJXQLWV


0RGHO'HVFULSWLRQ
7DEOH&RQWUROVDQG6LJQDOV 6HH)LJXUH  &RQWLQXHG

,WHP ,WHP )XQFWLRQ


1R
 7XUQ6LJQDO/HYHU 7XUQVLJQDOOHYHULVPRXQWHGRQWKHULJKWVLGHRIWKHVWHHULQJFROXPQ
386+LW)25:$5'IRUDOHIWVLGHWXUQVLJQDO
38//LW%$&.:$5'IRUDULJKWVLGHWXUQVLJQDO:KHQRSHUDWLQJWKHWXUQ
VLJQDOOHYHUWKHUHGOLJKWLQWKHOHYHUEOLQNV

 (OHFWURQLF7KURWWOH 3HGDOFRQWUROVWKHVSHHGRIWKHHQJLQHDQGLVRSHUDWHGE\WKHRSHUDWRU VULJKW


$FFHOHUDWRU3HGDO IRRW

 %UDNH3HGDO %UDNHSHGDOLVORFDWHGOHIWRIWKHDFFHOHUDWRUSHGDO3HGDOFRQWUROVWKHDSSOL
FDWLRQRIWKHVHUYLFHEUDNHV


0RGHO'HVFULSWLRQ
7DEOH&RQWUROVDQG6LJQDOV 6HH)LJXUH  &RQWLQXHG

,WHP ,WHP )XQFWLRQ


1R
 ,QFKLQJ%UDNH3HGDO ,QFKLQJ%UDNHSHGDOLVORFDWHGOHIWRIEUDNHSHGDO6OLJKWO\SXVKLQJLQFKLQJ
EUDNHSHGDOZLOODSSO\VHUYLFHEUDNHVDQGIXUWKHUSXVKLQJZLOOIXOO\GLVHQJDJH
WUDQVPLVVLRQ
127(:KHQUHOHDVLQJLQFKLQJEUDNHSHGDOWUDQVPLVVLRQZLOORQO\HQJDJHLI
HQJLQHVSHHGLVEHORZUSP


0RGHO'HVFULSWLRQ

)LJXUH&RQWUROV


0RGHO'HVFULSWLRQ
7DEOH&RQWUROVDQG6ZLWFKHVRQ$UPUHVW 6HH)LJXUH

,WHP ,WHP )XQFWLRQ


1R
 %RRP&RQWURO/HYHU -R\VWLFNPRYHPHQWFRQWUROVWKHIRXUIXQFWLRQVRIWKHERRP
'LDJRQDOPRYHPHQWRIWKHMR\VWLFNFRQWUROVWZRIXQFWLRQVDWWKHVDPHWLPH
7KHMR\VWLFNPRYHPHQWVDUHDVIROORZV
38//EDFNRQMR\VWLFNWRUDLVHWKHERRP
386+)25:$5'RQMR\VWLFNWRORZHUWKHERRP
386+MR\VWLFNWROHIWWRUHWUDFWWKHERRP
386+MR\VWLFNWRULJKWWRH[WHQGWKHERRP

 5HWUDFW([WHQG 386+WKHOHIWVLGHRIWKHVZLWFKWRUHWUDFWWKHFRQWDLQHUDWWDFKPHQWWRIRRW
&RQWURO6ZLWFK SRVLWLRQ
386+WKHULJKWVLGHRIWKHVZLWFKWRH[WHQGWKHFRQWDLQHUDWWDFKPHQWWRIRRW
SRVLWLRQ


0RGHO'HVFULSWLRQ
7DEOH&RQWUROVDQG6ZLWFKHVRQ$UPUHVW 6HH)LJXUH  &RQWLQXHG

,WHP ,WHP )XQFWLRQ


1R
 /HIW6LGHVKLIW%XWWRQ 386+WKHEXWWRQWRVLGHVKLIWFRQWDLQHUKDQGOHUWRWKHOHIW

 5LJKW6LGHVKLIW%XWWRQ 386+WKHEXWWRQWRVLGHVKLIWFRQWDLQHUKDQGOHUWRWKHULJKW

 5LJKW+DQG/HIW+DQG 386+WRSRIVZLWFKIRUSLOHVORSHOHIWKDQGVLGHXS
8S3LOH6ORSH6ZLWFK
386+ERWWRPRIVZLWFKIRUSLOHVORSHULJKWKDQGVLGHXS

 +RUQ%XWWRQ 2SHUDWHEXWWRQWRDFWLYDWHKRUQ


0RGHO'HVFULSWLRQ
7DEOH&RQWUROVDQG6ZLWFKHVRQ$UPUHVW 6HH)LJXUH  &RQWLQXHG

,WHP ,WHP )XQFWLRQ


1R
 )RUZDUG%DFNZDUG3RZHU 386+WKHWRSRIWKHVZLWFKWRPRYHWKHERWWRPVLGHRIWKHDWWDFKPHQWIRUZDUG
'DPSHQLQJ6ZLWFK
386+WKHERWWRPRIWKHVZLWFKWRPRYHWKHERWWRPVLGHRIWKHDWWDFKPHQW
EDFNZDUG

 7ZLVW/RFN 386+EXWWRQWRXQORFNWZLVWORFNV
8QORFN%XWWRQ

 )ROG8QIROG)URQW/HJV 386+WKH5+VLGHRIWKHVZLWFKWRPRYHWKHIURQWOHJVWRWKHYHUWLFDOGRZQ
,+7UXFNV2QO\ SRVLWLRQ
386+WKH/+VLGHRIWKHVZLWFKWRPRYHWKHIURQWOHJVWRWKHKRUL]RQWDOXS
SRVLWLRQ

 )ROG8QIROG5HDU/HJV 386+WKH5+VLGHRIWKHVZLWFKWRPRYHWKHUHDUOHJVWRWKHYHUWLFDOGRZQ
,+7UXFNV2QO\ SRVLWLRQ
386+WKH/+VLGHRIWKHVZLWFKWRPRYHWKHUHDUOHJVWRWKHKRUL]RQWDOXS
SRVLWLRQ


0RGHO'HVFULSWLRQ
7DEOH&RQWUROVDQG6ZLWFKHVRQ$UPUHVW 6HH)LJXUH  &RQWLQXHG

,WHP ,WHP )XQFWLRQ


1R
 &ODPS8QFODPS5LJKW 386+WKHIURQWVLGHRIWKHVZLWFKWRFODPSWKH5+OHJV
/HJV6ZLWFK ,+7UXFNV
386+WKHUHDUVLGHRIWKHVZLWFKWRXQFODPSWKH5+OHJV
2QO\

 &ODPS8QFODPS/HIW 386+WKHIURQWVLGHRIWKHVZLWFKWRFODPSWKH/+OHJV
/HJV6ZLWFK ,+7UXFNV
386+WKHUHDUVLGHRIWKHVZLWFKWRXQFODPSWKH5+OHJV
2QO\

 7ZLVW/RFN 386+RQWRSRIWKHVZLWFKWRORFNWKHWZLVWORFNV
/RFN8QORFN
386+RQWKHERWWRPRIWKHVZLWFKWRXQORFNWKHWZLVWORFNV
6ZLWFK


0RGHO'HVFULSWLRQ
7DEOH&RQWUROVDQG6ZLWFKHVRQ$UPUHVW 6HH)LJXUH  &RQWLQXHG

,WHP ,WHP )XQFWLRQ


1R
 6OLGLQJ&DE2SWLRQ 386+RQWRSRIWKHVZLWFKWRVOLGHWKHFDE)25:$5'
386+RQWKHERWWRPRIWKHVZLWFKWRVOLGHWKHFDE%$&.:$5'
'RQRWRSHUDWHZKLOHWKHWUXFNPRYHV

 )URQW:LQGRZ:DVKHU 386+RQERWWRPRIVZLWFKWRWXUQWKHIURQWZLQGRZZDVKHU21IRUWLPHGZDVK
6ZLWFK ZLSHRSHUDWLRQ7KHZDVKRSHUDWLRQZLOOFRQWLQXHDVORQJDVWKHEXWWRQRIWKH
VZLWFKLVEHLQJSXVKHG

 5HDU:LQGRZ:LSHUDQG 7KLVVZLWFKFRQWUROVWKHUHDUZLQGRZZLSHUDQGZDVKHU
:DVKHU6ZLWFK
386+ERWWRPRIVZLWFKWRPRYHWKHVZLWFKIURP2))WRSRVLWLRQDQG
5HOHDVHWKHEXWWRQWRUHWXUQIURPSRVLWLRQWRSRVLWLRQ
386+WRSRIVZLWFKWRUHWXUQWKHVZLWFKIURPSRVLWLRQWR2))
,QSRVLWLRQWKHUHDUZLQGVKLHOGZLSHULV21
,QSRVLWLRQWKHUHDUZLQGVKLHOGZLSHUDQGZDVKHUDUH21


0RGHO'HVFULSWLRQ
7DEOH&RQWUROVDQG6ZLWFKHVRQ$UPUHVW 6HH)LJXUH  &RQWLQXHG

,WHP ,WHP )XQFWLRQ


1R
 7RS:LQGRZ:LSHUDQG 7KLVVZLWFKFRQWUROVWKHWRSZLQGRZZLSHUDQGZDVKHU
:DVKHU6ZLWFK
386+ERWWRPRIVZLWFKWRPRYHWKHVZLWFKIURP2))WRSRVLWLRQDQG
5HOHDVHWKHEXWWRQWRUHWXUQIURPSRVLWLRQWRSRVLWLRQ
386+WRSRIVZLWFKWRUHWXUQWKHVZLWFKIURPSRVLWLRQWR2))
,QSRVLWLRQWKHWRSZLQGRZZLSHULV21
,QSRVLWLRQWKHWRSZLQGRZZLSHUDQGZDVKHUDUH21
 )URQW:LQGRZ:LSHU6ZLWFK 7KLVVZLWFKFRQWUROVWKHIURQWZLQGRZZLSHU
386+ERWWRPRIVZLWFKWRPRYHWKHVZLWFKIURPSRVLWLRQWR2))DQGSRVLWLRQ

386+WRSRIVZLWFKWRPRYHWKHVZLWFKIURPSRVLWLRQWR2))DQGSRVLWLRQ
,QSRVLWLRQWKHIURQWZLQGRZZLSHULV21IRUFRQWLQXRXVRSHUDWLRQ
,QSRVLWLRQWKHIURQWZLQGRZZLSHULV21IRULQWHUPLWWHQWRSHUDWLRQ


0RGHO'HVFULSWLRQ
7DEOH&RQWUROVDQG6ZLWFKHVRQ$UPUHVW 6HH)LJXUH  &RQWLQXHG

,WHP ,WHP )XQFWLRQ


1R
 3UH&ODPS ,+7UXFNV 386+WKH5+VLGHRIWKHVZLWFKWRSODFHWKHVKRHVRIWKHUHDUOHJVLQSRVLWLRQ
2QO\ WRDSSURDFKWKHORDG
386+WKH/+VLGHRIWKHVZLWFKWRUHWUDFWWKHSUHSRVLWLRQRIWKHUHDUOHJV

 +\GUDXOLF6WRS 2SWLRQDO 386+WKH/+VLGHRIWKHVZLWFKWRUHOHDVHWKHK\GUDXOLFVWRSDQGDOORZH[WHQ


VLRQRUUHWUDFWLRQRIWKHH[WHQVLRQEHDPV
386+WKH5+VLGHRIWKHVZLWFKZKHQRQHRIWKHH[WHQVLRQEHDPVLVFORVHWR
WKHGHVLUHGHQGSRVLWLRQ
 -R\VWLFN5RWDWLRQRI 5RWDWLRQRIWKHMR\VWLFNFRQWUROVURWDWLRQRIWKHDWWDFKPHQW5RWDWHMR\VWLFN
$WWDFKPHQW FORFNZLVHIRUDWWDFKPHQWURWDWLRQFORFNZLVH5RWDWHMR\VWLFNFRXQWHUFORFNZLVH
IRUDWWDFKPHQWURWDWLRQFRXQWHUFORFNZLVH
7KHDWWDFKPHQWZLOOURWDWHXQWLOWKHƒURWDWLRQOLPLW7RURWDWHIXUWKHUWRíƒ
RUƒWKHQSXVKWKHRYHUULGHSXVKEXWWRQRQWKHVLGHFRQVROHDQGRSHUDWH
WKHURWDWLRQIXQFWLRQRQWKHMR\VWLFNWRURWDWHWKHDWWDFKPHQWEH\RQGWKHƒ
LQLWLDOURWDWLRQOLPLW6HH)LJXUH


0RGHO'HVFULSWLRQ

/0,&RQILJXUDWLRQIRU7UXFNV:LWKRU:LWKRXW6WDELOL]HU
,WHP 7UXFNV:LWKRXW6WDELOL]HU 7UXFNV:LWK6WDELOL]HU
6/,0'LVSOD\ 6HH)LJXUH 6WDQGDUG 1$
9,(:'LVSOD\ 6HH)LJXUH 2SWLRQ 6WDQGDUG
/0, /RDG0RPHQW,QGLFDWRU *UHHQ,QGLFDWRU/LJKW
,QGLFDWRU/LJKWV 7KHJUHHQLQGLFDWRUOLJKWFRQILUPVSURSHUIXQFWLRQLQJRIWKH
V\VWHPDQGPXVWDOZD\VEH21
/0,&KHFNDW6WDUWXS
,IWKHJUHHQOLJKWLV2))WKH/0,ZLOOGLVDEOHWKHGHUULFNLQJ
$WHDFKVWDUWXSWKH/0,6\VWHPSHUIRUPVDVHOIGLDJQRVWLF
H[WHQVLRQDQGWKHFDEPRYHPHQWIRUZDUGIXQFWLRQV
WHVW7KHEX]]HUWKHJUHHQDPEHUDQGUHGOLJKWRQWKHGLV
SOD\XQLWPXVWEH21GXULQJDVHFRQGFKHFNWRFRQILUP +DYHWKH/0,UHSDLUHGLIWKHJUHHQOLJKWLV2))GXULQJRSHU
SURSHUIXQFWLRQLQJRIWKHV\VWHPEX]]HUDQGOLJKWV+DYHWKH DWLRQ
/0,UHSDLUHGLIRQHRUPRUHOLJKWVRUWKHEX]]HUDUH2))
'RQRWRSHUDWHWKHWUXFNZLWKDORDGZKHQWKHJUHHQOLJKWLV
GXULQJVWDUWXS
2))
'XULQJVWDUWXSWKH9LHZVFUHHQZLOODOVRVKRZWKHGDWHRIWKH
VRIWZDUHYHUVLRQDQGWKHWUXFNPRGHO


0RGHO'HVFULSWLRQ
5HG,QGLFDWRU/LJKW HLWKHUIROORZWKHPHQWLRQHGFRUUHFWLYHDFWLRQRUFDOO\RXU
GHDOHUWRKDYHWKHDODUPVLWXDWLRQUHFWLILHG
7KHUHGLQGLFDWRUOLJKWLV21ZKHQWKH/0,GHWHFWVDVLWXD
WLRQUHTXLULQJLPPHGLDWHDFWLRQ7KHEX]]HUZLOOEH21 $PEHU,QGLFDWRU/LJKW
5HDGWKHGLVSOD\WRHVWDEOLVKZKHWKHUWKHPD[LPXPDOORZD 7KHDPEHULQGLFDWRUOLJKWLV21ZKHQWKH/0,ZDUQVIRUVLW
EOHFDSDFLW\KDVEHHQUHDFKHGRULIDQDODUPVLWXDWLRQKDV XDWLRQVUHTXLULQJH[WUDDWWHQWLRQ7KHEX]]HUZLOOEH21
EHHQGHWHFWHG6HHEHORZH[SODQDWLRQ
5HDGWKHGLVSOD\WRHVWDEOLVKZKHWKHUPRUHWKDQRIWKH
7KHGHUULFNLQJH[WHQVLRQDQGWKHFDEPRYHPHQWIRUZDUG DOORZDEOHFDSDFLW\KDVEHHQUHDFKHGRULIDQDODUPVLWXDWLRQ
IXQFWLRQVDUHGLVDEOHG KDVEHHQGHWHFWHG6HHDERYHH[SODQDWLRQ
0D[LPXP$OORZDEOH&DSDFLW\ 7KHDPEHULQGLFDWRUOLJKWLVIODVKLQJZKHQRQHRUPRUHVHQ
VRUVRIWKH/0,KDYHDIDLOXUH
,IWKHDFWXDOORDGPRPHQWH[FHHGVRUZKHQPD[LPXP
DOORZDEOHFDSDFLW\KDVEHHQUHDFKHGGHFUHDVHWKHORDG 7KHUHGLQGLFDWRUOLJKWDQGWKHEX]]HUZLOOEH217KHGHU
PRPHQWDVVRRQDVFLUFXPVWDQFHVDOORZE\UHWUDFWLQJWKH ULFNLQJH[WHQVLRQDQGWKHFDEPRYHPHQWIRUZDUGIXQFWLRQV
ERRP2SHUDWHVPRRWKO\WRPLQLPL]HG\QDPLFIRUFHV DUHGLVDEOHG5HFWLI\WKHDODUPFRGHGLVSOD\HGRQWKHVFUHHQ
'RQRWRSHUDWHWKHWUXFNZLWKDORDGZKHQWKHDPEHUOLJKWLV
$ODUP6LWXDWLRQ
IODVKLQJ
,IDQDODUPVLWXDWLRQKDVEHHQGHWHFWHGGRQRWRSHUDWHWKH
WUXFNZLWKDORDG/RRNXSWKHDODUPFRGHLQ7DEOHDQG


0RGHO'HVFULSWLRQ

$ /0,6/,0',63/$< % 1250$/23(5$7,216&5((1 & $/$50&21',7,216&5((1

)LJXUH/0,6OLP'LVSOD\8QLW


0RGHO'HVFULSWLRQ
7DEOH/0,6OLP'LVSOD\8QLW 6HH)LJXUH

,WHP ,WHP )XQFWLRQ


1R
 &DOLEUDWLRQ%XWWRQV '2127SXVKWKHVHEXWWRQV,IWKHVHEXWWRQVKDYHEHHQSXVKHGDFFL
GHQWO\WKHQRUPDORSHUDWLRQVFUHHQFDQEHUHWULHYHGE\VZLWFKLQJWKHNH\
VZLWFKWR2))DQGWKHQWR21DJDLQ
 5HG,QGLFDWRU/LJKW :KHQWKHUHGLQGLFDWRUOLJKWLV21WKH/0,GHWHFWVDVLWXDWLRQUHTXLULQJ
LPPHGLDWHDFWLRQ7DNHDSSURSULDWHDFWLRQDVLQGLFDWHGXQGHU/0,LQGL
FDWRUOLJKWV
 $PEHU,QGLFDWRU/LJKW :KHQWKHDPEHULQGLFDWRUOLJKWLV21WKH/0,ZDUQVIRUVLWXDWLRQVUHTXLU
LQJH[WUDDWWHQWLRQ7DNHDSSURSULDWHDFWLRQDVLQGLFDWHGXQGHU/0,LQGL
FDWRUOLJKWV
 *UHHQ,QGLFDWRU/LJKW 7KHJUHHQLQGLFDWRUOLJKWFRQILUPVSURSHUIXQFWLRQLQJRIWKHV\VWHPDQG
PXVWDOZD\VEH21,IWKHJUHHQOLJKWLV2))WKH/0,ZLOOGLVDEOHWKH
GHUULFNLQJH[WHQGDQGFDEPRYHPHQWIRUZDUGIXQFWLRQV+DYHWKH/0,
UHSDLUHGLIWKHJUHHQOLJKWLV2))GXULQJRSHUDWLRQ'2127RSHUDWHWKH
WUXFNZLWKDORDGZKHQWKHJUHHQOLJKWLV2))
 /RDG3HUFHQWDJH%DU 7KLVJUDSKLFEDUVKRZVWKHDFWXDOORDGPRPHQWDVDSHUFHQWDJHRIWKH
PD[LPXPDOORZDEOHORDGPRPHQWIRUWKHDFWXDOORDGSRVLWLRQ
 %RRP/HQJWK ,QGLFDWHVWKHGLVWDQFHLQPHWHUVZKLFKWKHLQQHUERRPKDVH[WHQGHG7KH
LQGLFDWHGOHQJWKYDULHVEHWZHHQWRP WRLQ 


0RGHO'HVFULSWLRQ
7DEOH/0,6OLP'LVSOD\8QLW 6HH)LJXUH  &RQWLQXHG

,WHP ,WHP )XQFWLRQ


1R
 $FWXDO/RDG ,QGLFDWHVWKHDFWXDOZHLJKWRIWKHFRQWDLQHULQPHWULFWRQV
 0D[LPXP/RDG ,QGLFDWHVWKHPD[LPXPDOORZDEOHORDGLQPHWULFWRQVIRUWKHDFWXDOORDG
SRVLWLRQ
 +HLJKWRIWKH6SUHDGHU ,QGLFDWHVWKHDFWXDOGLVWDQFHEHWZHHQWKHWZLVWORFNVDQGJURXQGOHYHOLQ
PHWHUV
 /RDG5DGLXV ,QGLFDWHVWKHDFWXDOGLVWDQFHEHWZHHQWKHFHQWHURIWKHVSUHDGHUDQGWKH
IURQWRIWKHGULYHZKHHOVLQPHWHUV
 $QJOHRIWKH%RRP ,QGLFDWHVWKHERRPDQJOHLQGHJUHHVZKLFKFDQYDU\EHWZHHQƒDQGƒ
 $ODUP&RGH :KHQWKH/0,GHWHFWVDIDXOWFRQGLWLRQDQDODUPFRGHLVGLVSOD\HGDWWKH
ORFDWLRQZKHUHQRUPDOO\LWHPVDQGDUHVKRZQ7KH/0,ZLOOQR
ORQJHUIXQFWLRQSURSHUO\ZKHQDQDODUPFRGHLVGLVSOD\HG'2127RSHU
DWHWKHWUXFNZLWKDORDG&DOODWUDLQHGPHFKDQLFWRKDYHWKH/0,
UHSDLUHG6HH7DEOHIRUDQH[SODQDWLRQRIWKHPRVWFRPPRQDODUP
FRGHV
 /0,6OLP'LVSOD\ 7KH/&'GLVSOD\VKRZVDFWXDOGDWDRIWKH/0,7KHXSSHUVFUHHQVKRZV
DQDODUPFRGHLIDQDODUPFRQGLWLRQH[LVWV


0RGHO'HVFULSWLRQ

$ /0,6&5((1:,7+28767$%,/,=(56((),*85( & /0,6&5((1:,7+67$%,/,=(56((7$%/(


% (1*,1(6&5((16((7$%/( ' 67$%,/,=(56&5((16((7$%/(

)LJXUH/0,9LHZ'LVSOD\8QLW


0RGHO'HVFULSWLRQ
7DEOH/0,9LHZ'LVSOD\8QLW 6HH)LJXUH

,WHP ,WHP )XQFWLRQ


1R
 'LVSOD\6FUROO%XWWRQ 386+EXWWRQ)WRVFUROOEHWZHHQWKHGLIIHUHQWGLVSOD\VFUHHQV
 6WDELOL]HU83%XWWRQ 386+EXWWRQ)WRPRYHWKHVWDELOL]HUXS
6WDELOL]HU2SWLRQ
 6WDELOL]HU'2:1%XWWRQ 386+EXWWRQ)WRPRYHWKHVWDELOL]HUGRZQ
6WDELOL]HU2SWLRQ
 %ULJKWQHVV,QFUHDVH%XWWRQ 386+EXWWRQ)WRLQFUHDVHEULJKWQHVVRIWKHVFUHHQ
 %ULJKWQHVV'HFUHDVH%XWWRQ 386+EXWWRQ)WRGHFUHDVHEULJKWQHVVRIWKHVFUHHQ
 *UHHQ,QGLFDWRU/LJKWV 7KHJUHHQLQGLFDWRUOLJKWFRQILUPVSURSHUIXQFWLRQLQJRIWKHV\VWHPDQGPXVWDOZD\V
EH21,IWKHJUHHQOLJKWLV2))WKH/0,ZLOOGLVDEOHWKHGHUULFNLQJH[WHQGDQGWKH
FDEPRYHPHQWIRUZDUGIXQFWLRQV+DYHWKH/0,UHSDLUHGLIWKHJUHHQOLJKWLV2))
GXULQJRSHUDWLRQ'2127RSHUDWHWKHWUXFNZLWKDORDGZKHQWKHJUHHQOLJKWLV
2))
 $PEHU,QGLFDWRU/LJKW :KHQWKHDPEHULQGLFDWRUOLJKWLV21WKH/0,ZDUQVIRUVLWXDWLRQVUHTXLULQJH[WUD
DWWHQWLRQ7DNHDSSURSULDWHDFWLRQDVLQGLFDWHGXQGHU/0,,QGLFDWRU/LJKWV
 5HG,QGLFDWRU/LJKW :KHQWKHUHGLQGLFDWRUOLJKWLV21WKH/0,GHWHFWVDVLWXDWLRQUHTXLULQJLPPHGLDWH
DFWLRQ7DNHDSSURSULDWHDFWLRQDVLQGLFDWHGXQGHU/0,,QGLFDWRU/LJKWV


0RGHO'HVFULSWLRQ
7DEOH/0,9LHZ'LVSOD\8QLW 6HH)LJXUH  &RQWLQXHG

,WHP ,WHP )XQFWLRQ


1R
 &DOLEUDWLRQ%XWWRQV '2127SXVKWKHVHEXWWRQV,IWKHVHEXWWRQVKDYHEHHQSXVKHGDFFLGHQWO\WKH
QRUPDORSHUDWLRQVFUHHQFDQEHUHWULHYHGE\VZLWFKLQJWKHNH\VZLWFKWR2))DQG
WKHQWR21DJDLQ
 'LVSOD\6FUHHQ 7KHGLVSOD\FDQVKRZGLIIHUHQWVFUHHQVGHSHQGLQJRQWKHSUHVHQFHRIWKHRSHUDWLRQDO
VWDELOL]HUV
)RUWUXFNVZLWKRXWVWDELOL]HUWKHVFUHHQZLOOVFUROOEHWZHHQ/0,6FUHHQDQG(QJLQH
6FUHHQE\SXVKLQJEXWWRQ)6HH)LJXUH
)RUWUXFNVZLWKVWDELOL]HUSXVKEXWWRQ)WRVFUROOIURP/0,:LWK6WDELOL]HU6FUHHQ
WR(QJLQH6FUHHQWR6WDELOL]HU6FUHHQ6HH)LJXUH)LJXUHDQG)LJXUH
([SODQDWLRQVRIWKHVFUHHQV)LJXUHXQWLO)LJXUHDUHRQ7DEOHXQWLO
7DEOH


0RGHO'HVFULSWLRQ

)LJXUH/0,6FUHHQIRU7UXFNV:LWKRXW6WDELOL]HU


0RGHO'HVFULSWLRQ
7DEOH/0,6FUHHQIRU7UXFNV:LWKRXW6WDELOL]HU 6HH)LJXUH

,WHP ,WHP )XQFWLRQ


1R
 /RDG3HUFHQWDJH%DU 7KLVJUDSKLFEDUVKRZVWKHDFWXDOORDGPRPHQWDVDSHUFHQWDJHRIWKHPD[LPXPDOORZDEOH
ORDGPRPHQWIRUWKHDFWXDOORDGSRVLWLRQ
 +HLJKWRIWKH6SUHDGHU ,QGLFDWHVWKHDFWXDOGLVWDQFHEHWZHHQWKHWZLVWORFNVDQGJURXQGOHYHOLQPHWHUV
 %RRP/HQJWK ,QGLFDWHVWKHGLVWDQFHLQPHWHUVZKLFKWKHLQQHUERRPKDVH[WHQGHG7KHLQGLFDWHGOHQJWK
YDULHVEHWZHHQWRP WRLQ 
 $FWXDO/RDG ,QGLFDWHVWKHDFWXDOZHLJKWRIWKHFRQWDLQHULQPHWULFWRQV
 $QJOHRIWKH%RRP ,QGLFDWHVWKHERRPDQJOHLQGHJUHHVZKLFKFDQYDU\EHWZHHQƒDQGƒ
 /RDG5DGLXV ,QGLFDWHVWKHDFWXDOGLVWDQFHEHWZHHQWKHFHQWHURIWKHVSUHDGHUDQGWKHIURQWRIWKHGULYH
ZKHHOVLQPHWHUV
 0D[LPXP/RDG ,QGLFDWHVWKHPD[LPXPDOORZDEOHORDGLQPHWULFWRQVIRUWKHDFWXDOORDGSRVLWLRQ
 $ODUP&RGH :KHQWKH/0,GHWHFWVDIDXOWFRQGLWLRQWKH/0,ZLOOQRORQJHUIXQFWLRQSURSHUO\DQGDQ
DODUPFRGHLVGLVSOD\HG'2127RSHUDWHWKHWUXFNZLWKDORDG&DOODWUDLQHGPHFKDQLF
WRKDYHWKH/0,UHSDLUHG6HH7DEOHIRUDQH[SODQDWLRQRIWKHPRVWFRPPRQDODUP
FRGHV
 &DOLEUDWLRQ,QIRUPDWLRQ 'XULQJFDOLEUDWLRQDGGLWLRQDOLQIRUPDWLRQLVSURYLGHGWRDVVLVWZLWKWKHFDOLEUDWLRQSURFHVV


0RGHO'HVFULSWLRQ

)LJXUH(QJLQH6FUHHQIRU7UXFNV:LWKRU:LWKRXW6WDELOL]HU


0RGHO'HVFULSWLRQ
7DEOH(QJLQH6FUHHQIRU7UXFNV:LWKRU:LWKRXW6WDELOL]HU 6HH)LJXUH

,WHP ,WHP )XQFWLRQ


1R
 (QJLQH530*DXJH ,QGLFDWHVWKH(QJLQH530
 7UDYHO6SHHG*DXJH ,QGLFDWHVWKHWUDYHOVSHHG
 5+'HUULFNLQJ&\OLQGHU5RG3UHVVXUH ,QGLFDWHVWKHDFWXDOSUHVVXUHDWWKHURGVLGHRIWKH5+GHUULFNLQJF\OLQGHU
LQEDUV
 5+'HUULFNLQJ&\OLQGHU3LVWRQ3UHVVXUH ,QGLFDWHVWKHDFWXDOSUHVVXUHDWWKHSLVWRQVLGHRIWKH5+GHUULFNLQJF\O
LQGHULQEDUV
 $ODUP&RGH ,IDQDODUPVLWXDWLRQKDVEHHQGHWHFWHGGRQRWRSHUDWHWKHWUXFNZLWKD
ORDG/RRNXSWKHDODUPFRGHLQ7DEOHDQGIROORZWKHPHQWLRQHGFRU
UHFWLYHDFWLRQRUFDOO\RXUGHDOHUWRKDYHWKHDODUPVLWXDWLRQUHFWLILHG
 /+'HUULFNLQJ&\OLQGHU5RG3UHVVXUH ,QGLFDWHVWKHDFWXDOSUHVVXUHDWWKHURGVLGHRIWKH/+GHUULFNLQJF\OLQGHU
LQEDUV
 /+'HUULFNLQJ&\OLQGHU3LVWRQ3UHVVXUH ,QGLFDWHVWKHDFWXDOSUHVVXUHDWWKHSLVWRQVLGHRIWKH/+GHUULFNLQJF\O
LQGHULQEDUV


0RGHO'HVFULSWLRQ

)LJXUH/0,6FUHHQIRU7UXFNV:LWK6WDELOL]HU


0RGHO'HVFULSWLRQ
7DEOH/0,6FUHHQIRU7UXFNV:LWK6WDELOL]HU 6HH)LJXUH

,WHP ,WHP )XQFWLRQ


1R
 /RDG3HUFHQWDJH%DU 7KLVJUDSKLFEDUVKRZVWKHDFWXDOORDGPRPHQWDVDSHUFHQWDJHRIWKH
0D[LPXPDOORZDEOHORDGPRPHQWIRUWKHFXUUHQWORDGSRVLWLRQ
 $FWXDO/RDG ,QGLFDWHVWKHDFWXDOZHLJKWRIWKHFRQWDLQHULQPHWULFWRQV
 0D[LPXP/RDG ,QGLFDWHVWKHPD[LPXPDOORZDEOHORDGLQPHWULFWRQVIRUWKHDFWXDOORDG
SRVLWLRQ
 /RDG5DGLXV ,QGLFDWHVWKHGLVWDQFHEHWZHHQWKHFHQWHURIWKHVSUHDGHUDQGWKHIURQWRI
WKHGULYHZKHHOVLQPHWHUV
 %RRP/HQJWK ,QGLFDWHVWKHGLVWDQFHLQPHWHUVZKLFKWKHLQQHUERRPKDVH[WHQGHG7KH
LQGLFDWHGOHQJWKYDULHVEHWZHHQWRP WRLQ 
 $QJOHRIWKH%RRP ,QGLFDWHVWKHERRPDQJOHLQGHJUHHVZKLFKFDQYDU\EHWZHHQƒDQGƒ
 +HLJKWRIWKH6SUHDGHU ,QGLFDWHVWKHDFWXDOGLVWDQFHEHWZHHQWKHWZLVWORFNVDQGJURXQGOHYHOLQ
PHWHUV
 3DUN%UDNH:DUQLQJ/LJKW 7KHSDUNEUDNHZDUQLQJOLJKWLV21ZKHQWKHSDUNLQJEUDNHLVDSSOLHG
 6SHHG/LPLW:DUQLQJ/LJKW 7KLVZDUQLQJOLJKWLV21WRVLJQDOWKDWWKHVSHHGOLPLWHULVVZLWFKHG21
:KHQWKH/RDG5DGLXVLVOHVVWKDQP IW WKHVSHHGOLPLWLV
VZLWFKHG21


0RGHO'HVFULSWLRQ
7DEOH/0,6FUHHQIRU7UXFNV:LWK6WDELOL]HU 6HH)LJXUH  &RQWLQXHG

,WHP ,WHP )XQFWLRQ


1R
 $ODUP&RGH ,IDQDODUPVLWXDWLRQKDVEHHQGHWHFWHGGRQRWRSHUDWHWKHWUXFNZLWKD
ORDG/RRNXSWKHDODUPFRGHLQ7DEOHDQGIROORZWKHPHQWLRQHGFRU
UHFWLYHDFWLRQRUFDOO\RXUGHDOHUWRKDYHWKHDODUPVLWXDWLRQUHFWLILHG
 &DOLEUDWLRQ,QIRUPDWLRQ 'XULQJFDOLEUDWLRQDGGLWLRQDOLQIRUPDWLRQLVSURYLGHGWRDVVLVWZLWKWKHFDO
LEUDWLRQSURFHVV
 %ULJKWQHVV'HFUHDVH,FRQ 5HIHUVWREXWWRQ)
 6WDELOL]HU'ULYH0RGH,QGLFDWRU/LJKW $VWDELOL]HUV\PEROLVVKRZQZKHQDOOUHTXLUHPHQWVIRUWKHSURSHUXVHRI
WKHVWDELOL]HUDUHPHW7KH/0,UHIHUVWRWKHFDSDFLWLHVWKDWUHODWHWRVWD
ELOL]HUDSSOLHG
$WLUHV\PEROLVVKRZQZKHQDOOUHTXLUHPHQWVDUHPHWWRGULYHWKH5HDFK
6WDFNHU7KH/0,UHIHUVWRWKHFDSDFLWLHVWKDWUHODWHWRVWDELOL]HUQRW
DSSOLHG7KHLQGLFDWRUZLOOWXUQLQWR\HOORZZKHQWKHUHLVDQLQEHWZHHQ
VLWXDWLRQ
&RUUHFWWKHVLWXDWLRQWKDWSUHYHQWVWKHV\VWHPIURPPRYLQJLQWRVWDELOL]HU
PRGHRUGULYHPRGH
 %ULJKWQHVV,QFUHDVH,FRQ 5HIHUVWREXWWRQ)
 6WHHULQJ$SSOLHG:DUQLQJ/LJKW 7KLVZDUQLQJOLJKWLV21ZKHQWKHVWHHULQJZKHHOLVEHLQJWXUQHGZKLOH
WKHVWDELOL]HULVDSSOLHG


0RGHO'HVFULSWLRQ
7DEOH/0,6FUHHQIRU7UXFNV:LWK6WDELOL]HU 6HH)LJXUH  &RQWLQXHG

,WHP ,WHP )XQFWLRQ


1R
 6WDELOL]HU$OORZHGWR0RYH'2:1 ,IWKHSDUNEUDNHLVDSSOLHGDQGWUXFNVSHHGLV]HURWKHVWDELOL]HULVDOORZHG
,QGLFDWRU/LJKW WRPRYHGRZQDQGWKHEDFNJURXQGFRORURIWKLVLFRQZLOOEHOLJKWJUH\,I
WKHVWDELOL]HULV127DOORZHGWRPRYHGRZQWKHEDFNJURXQGFRORUZLOOEH
GDUNJUH\,IVWDELOL]HUPRYHPHQWLVDOORZHGDQGWKHVWDELOL]HU'2:1EXW
WRQ ) LVSXVKHGWKHEDFNJURXQGFRORUWXUQVJUHHQDQGWKHLFRQWXUQV
UHG
 6WDELOL]HU$OORZHGWR0RYH83 ,IWKHVWDELOL]HULVDOORZHGWRPRYHXSWKHEDFNJURXQGFRORURIWKLVLFRQ
,QGLFDWRU/LJKW ZLOOEHOLJKWJUH\,IWKHVWDELOL]HULV127DOORZHGWRPRYHXSWKHEDFN
JURXQGFRORUZLOOEHGDUNJUH\,IVWDELOL]HUPRYHPHQWLVDOORZHGDQGWKH
VWDELOL]HU83EXWWRQ ) LVSXVKHGWKHEDFNJURXQGFRORUWXUQVJUHHQDQG
WKHLFRQWXUQVUHG
 /RDG'LIIHUHQFH6WDELOL]HU&\OLQGHUV 7KLVJUDSKLFEDUVKRZVWKHGLIIHUHQFHLQORDGZHLJKWEHLQJWDNHQE\WKH
WZRVWDELOL]HUF\OLQGHUV:KHQWKHORDGZHLJKWLVFHQWHUHGWKHPLGGOHRI
WKHJUDSKLFEDUZLOOEHLOOXPLQDWHGJUHHQ,ID\HOORZDQGRUUHGVHFWLRQRI
WKHJUDSKLFEDULVLOOXPLQDWHGXVHWKHVLGHVKLIWIXQFWLRQWRFHQWHUWKHORDG
ZHLJKW
 'LVSOD\6FUROO,FRQ 5HIHUVWREXWWRQ)


0RGHO'HVFULSWLRQ
7DEOH/0,6FUHHQIRU7UXFNV:LWK6WDELOL]HU 6HH)LJXUH  &RQWLQXHG

,WHP ,WHP )XQFWLRQ


1R
 /HIW6WDELOL]HU&\OLQGHU)XOO\5HWUDFWHG 7KHEDFNJURXQGRIWKLVLQGLFDWRULVJUHHQZKHQWKHOHIWVWDELOL]HUF\OLQGHU
,QGLFDWRU/LJKW LVIXOO\UHWUDFWHG'2127PRYHWKH5HDFK6WDFNHUZKHQWKLVLQGLFDWRUKDV
DOLJKWJUH\EDFNJURXQG,QYHVWLJDWHWKHFDXVHRIWKHZDUQLQJDQGFRUUHFW
 5LJKW6WDELOL]HU&\OLQGHU)XOO\5HWUDFWHG 7KHEDFNJURXQGRIWKLVLQGLFDWRULVJUHHQZKHQWKHULJKWVWDELOL]HUF\OLQGHU
,QGLFDWRU/LJKW LVIXOO\UHWUDFWHG'2127PRYHWKH5HDFK6WDFNHUZKHQWKLVLQGLFDWRUKDV
DOLJKWJUH\EDFNJURXQG,QYHVWLJDWHWKHFDXVHRIWKHZDUQLQJDQGFRUUHFW


0RGHO'HVFULSWLRQ

)LJXUH6WDELOL]HU6FUHHQIRU7UXFNV:LWK6WDELOL]HU


0RGHO'HVFULSWLRQ
7DEOH6WDELOL]HU6FUHHQIRU7UXFNV:LWK6WDELOL]HU 6HH)LJXUH

,WHP ,WHP )XQFWLRQ


1R
 /HIW6WDELOL]HU&\OLQGHU ,QGLFDWHVWKHSUHVVXUHLQWKHOHIWVWDELOL]HUF\OLQGHULQEDUV
3UHVVXUH
 5LJKW6WDELOL]HU&\OLQGHU ,QGLFDWHVWKHSUHVVXUHLQWKHULJKWVWDELOL]HUF\OLQGHULQEDUV
3UHVVXUH
 6WHHULQJ3UHVVXUH ,QGLFDWHVWKHSUHVVXUHLQWKHVWHHULQJV\VWHPLQEDUV
 5RG3UHVVXUH6WDELOL]HU ,QGLFDWHVWKHSUHVVXUHDWWKHURGVLGHRIWKHVWDELOL]HUF\OLQGHUVLQEDUV
&\OLQGHUV
 $ODUP&RGH :KHQWKH/0,GHWHFWVDIDXOWFRQGLWLRQWKH/0,ZLOOQRORQJHUIXQFWLRQSURSHUO\DQG
DQDODUPFRGHLVGLVSOD\HG'2127RSHUDWHWKHWUXFNZLWKDORDG6HH
/RDG0RPHQW,QGLFDWRU /0, 6\VWHP650IRUDQH[SODQDWLRQRIWKHIDXOW
FRGHDQGUHFWLI\DFFRUGLQJO\6HH7DEOHIRUDQH[SODQDWLRQRIWKHPRVWFRPPRQIDXOW
FRGHV
 6WDELOL]HU$OORZHGWR0RYH ,IWKHVWDELOL]HULVDOORZHGWRPRYHGRZQWKHEDFNJURXQGFRORURIWKLVLFRQZLOOEHOLJKW
'2:1,QGLFDWRU/LJKW JUH\,IWKHVWDELOL]HULV127DOORZHGWRPRYHGRZQWKHEDFNJURXQGFRORUZLOOEHGDUN
JUH\,IVWDELOL]HUPRYHPHQWLVDOORZHGDQGWKHVWDELOL]HU'2:1EXWWRQ ) LVSXVKHG
WKHEDFNJURXQGFRORUWXUQVJUHHQDQGWKHLFRQWXUQVUHG


0RGHO'HVFULSWLRQ
7DEOH6WDELOL]HU6FUHHQIRU7UXFNV:LWK6WDELOL]HU 6HH)LJXUH  &RQWLQXHG

,WHP ,WHP )XQFWLRQ


1R
 6WDELOL]HU$OORZHGWR0RYH ,IWKHVWDELOL]HULVDOORZHGWRPRYHXSWKHEDFNJURXQGFRORURIWKLVLFRQZLOOEHOLJKWJUH\
83,QGLFDWRU/LJKW ,IWKHVWDELOL]HULV127DOORZHGWRPRYHXSWKHEDFNJURXQGFRORUZLOOEHGDUNJUH\,I
VWDELOL]HUPRYHPHQWLVDOORZHGDQGWKHVWDELOL]HU83EXWWRQ ) LVSXVKHGWKHEDFN
JURXQGFRORUWXUQVJUHHQDQGWKHLFRQWXUQVUHG


0RGHO'HVFULSWLRQ
7DEOH&RPPRQ/0,$ODUP&RGHV

&RGH $ODUP&RGH'HVFULSWLRQ &RUUHFWLYH$FWLRQ


 7RRKLJKSUHVVXUHGLIIHUHQFHEHWZHHQWKH &KHFNLIWKHORDGLVFHQWHUHGDQGFHQWHULIQHFHVVDU\7KHDODUPQRUPDOO\
GHUULFNLQJF\OLQGHUVDWWKHSLVWRQVLGH JRHVRIIZLWKLQDIHZVHFRQGVDIWHUDSSO\LQJWKHGHUULFNLQJXSIXQFWLRQ
+DYHWKHK\GUDXOLFV\VWHPLQVSHFWHGLQFDVHWKHDODUPVWD\VRQRUZKHQ
WKLVRFFXUVZLWKDKLJKIUHTXHQF\
 7RRKLJKSUHVVXUHGLIIHUHQFHEHWZHHQWKH &KHFNLIWKHORDGLVFHQWHUHGDQGFHQWHULIQHFHVVDU\7KHDODUPQRUPDOO\
GHUULFNLQJF\OLQGHUVDWWKHURGVLGH JRHVRIIZLWKLQDIHZVHFRQGVDIWHUDSSO\LQJWKHGHUULFNLQJXSIXQFWLRQ
+DYHWKHK\GUDXOLFV\VWHPLQVSHFWHGLQFDVHWKHDODUPVWD\VRQRUZKHQ
WKLVRFFXUVZLWKDKLJKIUHTXHQF\
 6WDELOL]HULV127IXOO\UHWUDFWHGDQGSDUN 5HWUDFWWKHVWDELOL]HUFRPSOHWHO\EHIRUHGULYLQJWKH5HDFK6WDFNHU$SSO\
EUDNHLV127DSSOLHG WKHSDUNEUDNHEHIRUHXVLQJWKHVWDELOL]HU
 6WDELOL]HULV127IXOO\UHWUDFWHGDQGVWHHU 5HWUDFWWKHVWDELOL]HUFRPSOHWHO\EHIRUHGULYLQJWKH5HDFK6WDFNHU'2
LQJIXQFWLRQLVLQXVH 127WXUQWKHVWHHULQJZKHHOZKHQWKHVWDELOL]HULV SDUWLDOO\ H[WHQGHG
 7RRKLJKSUHVVXUHGLIIHUHQFHEHWZHHQOHIW &KHFNJURXQGFRQGLWLRQXQGHUVWDELOL]HUSODWH5HPRYHREVWDFOHVRUIL[
DQGULJKWVWDELOL]HUF\OLQGHU SRWKROHV&KHFNLIORDGLVFHQWHUHGDQGFHQWHULIQHFHVVDU\
 ,QFRUUHFWSUHVVXUHYDOXHVLQVWDELOL]HUF\O $SSO\VWDELOL]HUVDJDLQ,IWKHSUREOHPSHUVLVWKDYHWKHVWDELOL]HUV\VWHP
 LQGHU LQVSHFWHG
 3UHVVXUHURGVLGHVWDELOL]HUF\OLQGHULVWRR $SSO\VWDELOL]HUVDJDLQ,IWKHSUREOHPSHUVLVWKDYHWKHVWDELOL]HUV\VWHP
KLJK6\VWHPVZLWFKHVWRWKHVWDQGDUG LQVSHFWHG
FDSDFLW\PRGH


0RGHO'HVFULSWLRQ
7DEOH&RPPRQ/0,$ODUP&RGHV &RQWLQXHG

&RGH $ODUP&RGH'HVFULSWLRQ &RUUHFWLYH$FWLRQ


 /RDG0RPHQW&RQWUROOHUHUURU '2127RSHUDWHWKHWUXFNZLWKDORDG&RQWDFWWKHVHUYLFHGHSDUWPHQW











WKUX



0RGHO'HVFULSWLRQ
7DEOH&RPPRQ/0,$ODUP&RGHV &RQWLQXHG

&RGH $ODUP&RGH'HVFULSWLRQ &RUUHFWLYH$FWLRQ


WKUX 'HUULFNF\OLQGHUSUHVVXUHVHQVRUHUURU '2127RSHUDWHWKHWUXFNZLWKDORDG&RQWDFWWKHVHUYLFHGHSDUWPHQW
 +DYHDVHUYLFHWHFKQLFLDQFKHFNWKHZLULQJDQGFRQQHFWRUVRIWKHSUHVVXUH
WKUX VHQVRUV



WKUX


WKUX



0RGHO'HVFULSWLRQ
7DEOH&RPPRQ/0,$ODUP&RGHV &RQWLQXHG

&RGH $ODUP&RGH'HVFULSWLRQ &RUUHFWLYH$FWLRQ


 %RRPDQJOHDQGOHQJWKVHQVRUHUURU '2127RSHUDWHWKHWUXFNZLWKDORDG&RQWDFWWKHVHUYLFHGHSDUWPHQW
 +DYHDVHUYLFHWHFKQLFLDQFKHFNWKHZLULQJDQGFRQQHFWRUVRIWKHERRP
WKUX DQJOHDQGOHQJWKVHQVRU





WKUX


WKUX


WKUX



0RGHO'HVFULSWLRQ
7DEOH&RPPRQ/0,$ODUP&RGHV &RQWLQXHG

&RGH $ODUP&RGH'HVFULSWLRQ &RUUHFWLYH$FWLRQ


WKUX 6WDELOL]HUF\OLQGHUSUHVVXUHVHQVRUHUURU '2127RSHUDWHWKHWUXFNZLWKDORDG&RQWDFWWKHVHUYLFHGHSDUWPHQW

WKUX




 6WHHULQJSUHVVXUHVHQVRUHUURU '2127RSHUDWHWKHWUXFNZLWKDORDG&RQWDFWWKHVHUYLFHGHSDUWPHQW
 -R\VWLFNHUURU '2127RSHUDWHWKHWUXFNZLWKDORDG&RQWDFWWKHVHUYLFHGHSDUWPHQW



0RGHO'HVFULSWLRQ

)LJXUH&RQWDLQHU+DQGOHU&RQWURO%R[


0RGHO'HVFULSWLRQ
7DEOH&RQWDLQHU+DQGOHU&RQWURO%R[ 6HH)LJXUH

,WHP ,WHP )XQFWLRQ


1R
 /HIW$PEHU/(' ,QGLFDWHVDWWDFKPHQWLVVHDWHGRQWKHOHIWVLGH
 *UHHQ/(' ,QGLFDWHVWKDWDOOWZLVWORFNVDUHLQWKHORFNHGSRVLWLRQ
 5HG/(' ,QGLFDWHVWKDWDOOWZLVWORFNVDUHLQWKHXQORFNHGSRVLWLRQ
 5LJKW$PEHU/(' ,QGLFDWHVDWWDFKPHQWLVVHDWHGRQWKHULJKWVLGH
 /LJKW6HQVRU 'HWHFWVWKHDPRXQWRIOLJKWRQWKHFRQWDLQHUKDQGOHUFRQWUROER[DQGDGMXVWV
WKHEULJKWQHVVRIWKHFRQWDLQHUKDQGOHUFRQWUROER[WRREWDLQPD[LPXPYLVLELOLW\
RIWKH/('IRUWKHRSHUDWRU
 %OXH/(' ,QGLFDWHVWKDWRYHUORZHULQJLQWHUUXSWIXQFWLRQRUOLIWLQWHUUXSWIXQFWLRQLVDFWL
YDWHG7KHDXGLEOHDODUPLV21DVZHOO
 ,QVWUXFWLRQ5HIHUHQFH/DEHO 5HDGWKHVHFWLRQ6\VWHP,QWHUUXSW2YHUULGHVEHIRUHRSHUDWLQJWKHRYHUULGH
SXVKEXWWRQ
 2YHUULGH3XVK%XWWRQ 7KLVEXWWRQDOORZVRYHUULGLQJGLIIHUHQWV\VWHPVWKDWQRUPDOO\SUHYHQWHQWHULQJ
FHUWDLQKD]DUGRXVVLWXDWLRQV7RRYHUULGHV\VWHPVWKH2YHUULGH.H\6ZLWFK
PXVWEHHQDEOHGWKH2YHUULGH%XWWRQPXVWEHSXVKHGDQGWKHUHOHYDQWIXQF
WLRQFRQWUROPXVWEHRSHUDWHGVLPXOWDQHRXVO\ZKLOHREVHUYLQJWKHUHVSHFWLYH
ZDUQLQJV6HH6\VWHP,QWHUUXSW2YHUULGHV


0RGHO'HVFULSWLRQ
7DEOH&RQWDLQHU+DQGOHU&RQWURO%R[ 6HH)LJXUH  &RQWLQXHG

,WHP ,WHP )XQFWLRQ


1R
 &RQWURO%R[)XVH 7KHIXVHLVORFDWHGDWWKHUHDURIWKHFRQWDLQHUKDQGOHUFRQWUROER[
9'&$7
 2YHUULGH&RXQWHU &RXQWHULQGLFDWHVWKHQXPEHURIWLPHVWKHRYHUULGHIXQFWLRQKDVEHHQXVHG
 9ROXPH6ZLWFKIRU$XGLEOH$ODUP ,VXVHGWRDGMXVWWKHYROXPHRIWKHDXGLEOHDODUPIRUWKHWZLVWORFNV
 2YHUULGH.H\6ZLWFK (QDEOHVRUGLVDEOHVWKHRYHUULGHSXVKEXWWRQ:KHQWKHRYHUULGHIXQFWLRQLV
VHOHFWHGWKHEX]]HUEHHSVLQWHUPLWWHQWO\DWPD[LPXPYROXPH
 $XGLEOH$ODUP QRWVKRZQ 7KHDXGLEOHDODUPSURYLGHVDQDFRXVWLFVLJQDOZKHQWKHEOXH/('LV217KH
EX]]HUFDQEHVZLWFKHG21RU2)):KHQVZLWFKHG21WKHYROXPHFDQEH
DGMXVWHGWRVXLWWKHRSHUDWRU


0RGHO'HVFULSWLRQ
7DEOH&RQWDLQHU+DQGOHU,QGLFDWRU/LJKW'HVFULSWLRQV

,QGLFDWRU/LJKW ,QGLFDWRU/LJKW21 ,QGLFDWRU/LJKW2)) ,QGLFDWRU/LJKW)/$6+,1*


&RORU/RFDWLRQ
$PEHU/HIWKDQG 7KHOHIWKDQGVHDWHGSLQVDUH 7KHOHIWKDQGVHDWHGSLQVDUH 2QHRIWKHOHIWKDQGVHDWHGVHQ
VHDWHG 127VHDWHG VRUVLVIDXOW\RULQFRUUHFWO\DGMXV
WHG
*UHHQ 7KHWZLVWORFNVDUHLQWKHORFNHG 7KHWZLVWORFNVRQRQHRUERWK 2QHRIWKHORFNHGVHQVRUVLV
SRVLWLRQ VLGHVDUH127LQWKHORFNHGSRVL IDXOW\RULQFRUUHFWO\DGMXVWHG
WLRQ
5HG 7KHWZLVWORFNVDUHLQWKH 7KHWZLVWORFNVRQRQHRUERWK 2QHRIWKHXQORFNHGVHQVRUVLV
XQORFNHGSRVLWLRQ VLGHVDUH127LQWKHXQORFNHG IDXOW\RULQFRUUHFWO\DGMXVWHG
SRVLWLRQ
$PEHU5LJKW+DQG 7KHULJKWKDQGVHDWHGSLQVDUH 7KHULJKWKDQGVHDWHGSLQVDUH 2QHRIWKHULJKWKDQGVHDWHG
VHDWHG 127VHDWHG VHQVRUVLVIDXOW\RULQFRUUHFWO\
DGMXVWHG
127(,IRQHRUPRUHLQGLFDWRUOLJKWVDUHIODVKLQJLPPHGLDWHO\UHSDLUWKHDWWDFKPHQW


0RGHO'HVFULSWLRQ
7DEOH$XWRPDWLF*UHDVLQJ6\VWHP'LVSOD\ 6HH
)LJXUH

,WHP ,WHP )XQFWLRQ


1R
 6ZLWFK%XWWRQ %XWWRQIRUVHUYLFHSHUVRQQHOWR
VHOHFWGXW\PRGHDQGWHVWPRGHV
 'LVSOD\ ,QGLFDWHVVHOHFWHGPRGHDQG
RFFXUULQJIDXOWFRGHV
 'HFLPDO'RW ,QGLFDWHVDFWXDOJUHDVLQJF\FOH
VWDJH
 *UHHQ/(' ,QGLFDWHVWKDWWKHJUHDVLQJV\VWHP
LVDFWLYDWHG
 <HOORZ/(' ,V21DWVWDUWXSDQGZKHQWKH
JUHDVHOHYHOLQWKHUHVHUYRLULVORZ
&DOOVHUYLFHIRUDVRRQUHILOOZKHQ
WKHUHVHUYRLULVORZ
 5HG/(' ,V21DWVWDUWXSDQGZKHQWKHUHLV
)LJXUH$XWRPDWLF*UHDVLQJ6\VWHP'LVSOD\ DPDOIXQFWLRQ&DOOVHUYLFHIRU
2SWLRQDO UHSDLUZKHQWKHUHG/('LV21


OPERATING MANUAL

Reachstacker
RS45-27CH, RS45-31CH

SECTION I

DO NOT REMOVE THIS MANUAL FROM THIS UNIT

PART NO. : 4135477


2SHUDWLQJ3URFHGXUHV

2SHUDWLQJ3URFHGXUHV
*HQHUDO :$51,1*
),5(+$=$5'
.QRZ<RXU5HDFK6WDFNHU
7KHKRWHQJLQHVXUIDFHVDQGH[KDXVWRILQWHUQDOFRP
EXVWLRQHQJLQHSRZHUHG5HDFK6WDFNHUFDQSUHVHQWILUH
:$51,1* KD]DUGVZKHQRSHUDWLQJLQDUHDVFRQWDLQLQJIODPPDEOH
(;+$867*$6(6 JDVHVYDSRUVOLTXLGVGXVWVRUILEHUV(QJLQHDQG
([KDXVWIURPLQWHUQDOFRPEXVWLRQHQJLQHVFRQWDLQVFDU H[KDXVWFRPSRQHQWVXUIDFHWHPSHUDWXUHVFDQH[FHHG
ERQPRQR[LGHDQGRWKHUKDUPIXOFKHPLFDOV&DUERQ WKHLJQLWLRQWHPSHUDWXUHVRIFRPPRQVROYHQWVIXHOVRLO
PRQR[LGHLVDFRORUOHVVRGRUOHVVSRLVRQDQGFDQFDXVH SDSHUDQGRWKHURUJDQLFPDWHULDOV ZRRGDJULFXOWXUDO
XQFRQVFLRXVQHVVRUGHDWKZLWKRXWZDUQLQJ/RQJWHUP JUDVVJUDLQFRWWRQZRROHWF ([KDXVWHPLWWHGVSDUNV
H[SRVXUHWRH[KDXVWRUFKHPLFDOVLQWKHH[KDXVWFDQ FDQLJQLWHWKHVHPDWHULDOVDVZHOO(QJLQHDQGH[KDXVW
FDXVHFDQFHUELUWKGHIHFWVDQGRWKHUUHSURGXFWLYH VXUIDFHWHPSHUDWXUHVLQFUHDVHDIWHUHQJLQHVKXWRIISUH
KDUP$YRLGH[SRVXUHWRHQJLQHH[KDXVW VHQWLQJLQFUHDVHGILUHKD]DUG&KHFNWKHHQJLQHFRP
,IHQJLQHVDUHRSHUDWHGLQFRQILQHGVSDFHVPDLQWDLQ SDUWPHQWLPPHGLDWHO\IROORZLQJWUXFNRSHUDWLRQLQDUHDV
DGHTXDWHYHQWLODWLRQRUYHQWH[KDXVWWRWKHRXWVLGH'2 FRQWDLQLQJFRPEXVWLEOHGXVWVILEHUVRUSDSHUDQG
127H[FHHGDSSOLFDEOHDLUFRQWDPLQDQWOLPLWV UHPRYHDQ\IRUHLJQPDWHULDOV
)ROORZWKHLQVSHFWLRQDQGPDLQWHQDQFHVFKHGXOHDQG 2SHUDWHWKH5HDFK6WDFNHURQO\LQDUHDVWKDWKDYHEHHQ
SURFHGXUHVLQWKLVPDQXDO'2127DOWHUH[KDXVWLJQL DSSURYHGIRU5HDFK6WDFNHURSHUDWLRQ
WLRQRUIXHOV\VWHPV 2QO\WKHGHVLJQDWHGW\SHVRIDSSURYHG5HDFK6WDFNHU
PD\EHXVHGLQDUHDVFODVVLILHGDVKD]DUGRXVE\WKH
DXWKRULW\KDYLQJMXULVGLFWLRQ$UHDVFODVVLILHGDV


2SHUDWLQJ3URFHGXUHV
KD]DUGRXVPXVWEHLGHQWLILHGE\VLJQVWRVKRZWKHW\SH VHHVDZ,QRUGHUIRUWKLVSULQFLSOHWRZRUNIRUD5HDFK6WDFNHU
RIDSSURYHG5HDFK6WDFNHUUHTXLUHGIRURSHUDWLRQLQWKH WKHORDG FRQWDLQHU PXVWEHEDODQFHGE\WKHZHLJKWRIWKH
DUHD0RGLILFDWLRQVRUSRRUPDLQWHQDQFHFDQUHVXOWLQWKH 5HDFK6WDFNHU7KHORFDWLRQRIWKHFHQWHURIJUDYLW\RIERWK
5HDFK6WDFNHUEHLQJXQVXLWDEOHIRURSHUDWLRQLQDUHDV WKH5HDFK6WDFNHUDQGWKHORDGLVDOVRDIDFWRU
FODVVLILHGDVKD]DUGRXV
7KLVEDVLFSULQFLSOHLVXVHGIRUSLFNLQJXSDORDG7KHDELOLW\
7KH5HDFK6WDFNHULVGHVLJQHGSULPDULO\WRSLFNXSDQGPRYH RIWKH5HDFK6WDFNHUWRKDQGOHDORDGLVGLVFXVVHGLQWHUPV
FRQWDLQHUVDQGWUDLOHUV7KHEDVLF5HDFK6WDFNHUKDVD RIFHQWHURIJUDYLW\DQGERWKIRUZDUGDQGVLGHVWDELOLW\
VSUHDGHUWRHQJDJHWKHORDG7KHERRPOLIWVWKHORDGVRWKDW
LWFDQEHPRYHGDQGVWDFNHG 6WDELOLW\DQG&HQWHURI*UDYLW\
7KH5HDFK6WDFNHUFDQDOVREHHTXLSSHGZLWKWLHSRLQWVIRU 7KHFHQWHURIJUDYLW\ &* RIDQ\REMHFWLV
URSHVRUFKDLQVWREHXVHGZLWKDVOLQJ,I5HDFK6WDFNHULV WKHVLQJOHSRLQWDERXWZKLFKWKHREMHFWLV
XVHGLQFRQMXQFWLRQZLWKDVOLQJORDGVZLQJPXVWEHOLPLWHG EDODQFHGLQDOOGLUHFWLRQV
6HFXUHORDGWRWKH5HDFK6WDFNHUIUDPHZLWKURSHVRUFKDLQV
(YHU\REMHFWKDVD&*:KHQWKH5HDFK
,QRUGHUWRXQGHUVWDQGKRZWKH5HDFK6WDFNHUFDQSLFNXSD 6WDFNHUSLFNVXSDORDGWKH5HDFK6WDFNHU
ORDG\RXPXVWILUVWNQRZVRPHEDVLFWKLQJVDERXWWKH5HDFK DQGORDGKDYHDQHZFRPELQHG&*
6WDFNHU

7KH5HDFK6WDFNHULV
EDVHGRQWKHSULQFLSOHRI
WZRZHLJKWVEDODQFHGRQ
RSSRVLWHVLGHVRIDSLYRW
IXOFUXP 7KLVLVWKH
VDPHSULQFLSOHXVHGIRUD


2SHUDWLQJ3URFHGXUHV

$&*/2$' %&20%,1('&* &&*5HDFK6WDFNHU

7KHFHQWHURIJUDYLW\DQGWKHUHIRUHWKHVWDELOLW\RIWKHORDGHG
$&*/2$' %&*5HDFK6WDFNHU &&20%,1('&*
5HDFK6WDFNHULVDIIHFWHGE\DQXPEHURIIDFWRUVVXFKDV
7KHVWDELOLW\RIWKH5HDFK6WDFNHULVGHWHUPLQHGE\WKHORFD VL]HZHLJKWVKDSHDQGSRVLWLRQRIWKHORDGWKHKHLJKWWR
WLRQRILWV&*RULIWKH5HDFK6WDFNHULVORDGHGWKHFRPELQHG ZKLFKWKHORDGLVHOHYDWHGWKHDPRXQWWKHERRPLVH[WHQGHG
&* DQGUDLVHGWLUHSUHVVXUHDQGWKHG\QDPLFIRUFHVFUHDWHG
ZKHQWKH5HDFK6WDFNHULVPRYLQJ7KHVHG\QDPLFIRUFHVDUH
7KH5HDFK6WDFNHUKDVPRYLQJSDUWVDQGWKHUHIRUHKDVD FDXVHGE\WKLQJVOLNHDFFHOHUDWLRQEUDNLQJWXUQLQJDQG
&*WKDWPRYHV7KH&*PRYHVIRUZDUGDQGEDFNDVWKH RSHUDWLQJRQXQHYHQVXUIDFHVRURQDQLQFOLQH7KHVHIDFWRUV
ERRPLVH[WHQGHGRUUHWUDFWHG7KH&*PRYHVXSDQGGRZQ PXVWEHFRQVLGHUHGZKHQWUDYHOLQJZLWKDQXQORDGHG5HDFK
DVWKHERRPLVUDLVHGDQGORZHUHG 6WDFNHUDVZHOOEHFDXVHDQXQORDGHG5HDFK6WDFNHUFDQ
DOVRWLSRYHUWRWKHVLGH


2SHUDWLQJ3URFHGXUHV
,QRUGHUIRUWKH5HDFK6WDFNHUWREHVWDEOH QRWWLSRYHUIRU ,IWKH&*PRYHVIRUZDUGRIWKHGULYHD[OHWKH5HDFK6WDFNHU
ZDUGRUWRWKHVLGH WKH&*PXVWVWD\ZLWKLQWKHDUHDRIWKH ZLOOWLSIRUZDUG,IWKH&*PRYHVRXWVLGHRIWKHOLQHUHSUHVHQ
5HDFK6WDFNHUUHSUHVHQWHGE\DWULDQJOHGUDZQEHWZHHQWKH WHGE\WKHOLQHVGUDZQEHWZHHQWKHGULYHZKHHOVDQGWKH
GULYHZKHHOVDQGWKHSLYRWRIWKHVWHHULQJD[OH VWHHULQJD[OHSLYRWWKH5HDFK6WDFNHUZLOOWLSWRWKDWVLGH
&DSDFLW\ :HLJKWDQG/RDG&HQWHU
7KHFDSDFLW\RIWKH5HDFK6WDFNHULVVKRZQRQWKHFDSDFLW\
FKDUWDERYHWKHQDPHSODWH7KHFDSDFLW\LVWKHPD[LPXP
ORDGWKDWWKH5HDFK6WDFNHUFDQKDQGOHIRUWKHLQGLFDWHGORDG
SRVLWLRQ7KHORDGPXVWZHLJKOHVVWKDQWKHPD[LPXPZHLJKW
IRUDORDGDVVKRZQRQWKHFDSDFLW\FKDUW6HH)LJXUH
7KHRSHUDWRUPXVWEHDEOHWRGHWHUPLQHZKHWKHURUQRWDORDG
LVZLWKLQWKHFDSDFLW\RIWKH5HDFK6WDFNHUEHIRUHWKHORDGLV
$'5,9($;/( &&*5HDFK6WDFNHU:,//7,3 KDQGOHG
%67((5,1*$;/( 29(5


2SHUDWLQJ3URFHGXUHV

$ 1$0(3/$7( % 6$03/(&$3$&,7<&+$57

)LJXUH1DPHSODWHDQG&DSDFLW\&KDUW


2SHUDWLQJ3URFHGXUHV

/0, /RDG0RPHQW,QGLFDWRU DOORZDEOHORDGPRPHQWKDVEHHQUHDFKHGRULVDERXWWREH


UHDFKHG7KHGULYHUKDVWRFRUUHFWWKHVLWXDWLRQE\UHWUDFWLQJ
:$51,1* WKHERRP7KH/0,GRHVQRWWDNHG\QDPLFIRUFHVLQWR
)RUWKH/0,WRRSHUDWHDVGHVLJQHGWKH5HDFK6WDFNHU DFFRXQW%HIRUHPRYLQJWKH5HDFK6WDFNHUZLWKDORDG
PXVWEHVWDWLRQDU\RQOHYHODQGVWDEOHJURXQGZLWKRXW UHGXFHWKHUHTXLUHGFDSDFLW\E\UHWUDFWLQJWKHERRPDVIDUDV
WKHERRPIXOO\UHWUDFWHG7KH/0,PXVWQRWEHRYHUULG SRVVLEOH&RQWDLQHUVVKRXOGEHKDQGOHGRYHUDFRQWDLQHU
GHQ7KH/0,LVLQWHQGHGRQO\WRZDUQWKHRSHUDWRURI VWDFNRUQHDUJURXQGOHYHO0LGDLUPDQLSXODWLRQ H[WHQGLQJ
LQDGHTXDWHVWDELOLW\LQWKHORQJLWXGLQDOSODQHLQWKHIRU ERRPDQGRUGRZQGHUULFNLQJ ZKLFKLQFUHDVHVWKHORDG
ZDUGGLUHFWLRQZKHQSHUIRUPLQJORDGLQJDQGSODFLQJ PRPHQWVKRXOGEHDYRLGHG,I5HDFK6WDFNHULVXVHGLQFRQ
IXQFWLRQV MXQFWLRQZLWKDVOLQJORDGVZLQJPXVWEHOLPLWHGE\VHFXULQJ
WKHORDGWRWKH5HDFK6WDFNHUIUDPHZLWKURSHVRUFKDLQV
7KH/0,LVQRWDVXEVWLWXWHIRUJRRGMXGJPHQWDQGH[SH
ULHQFH'RQRWUHO\RQWKH/0,WRSUHYHQWLQVWDELOLW\ 'HWDLOHG/RDG0RPHQWLQIRUPDWLRQLVFRQWLQXRXVO\YLVLEOHRQ
$OZD\VREVHUYHWKHDFFHSWHGVDIHRSHUDWLQJSURFHGXUHV WKH/0,VFUHHQ
IRUWKH5HDFK6WDFNHU ,QVSHFWLRQ%HIRUH2SHUDWLRQ
7KH5HDFK6WDFNHULVHTXLSSHGZLWKD/0,
/RDG0RPHQW,QGLFDWRU 'XULQJRSHUDWLRQWKH/0,XVHVWKH
ZHLJKWDQGWKHSRVLWLRQRIWKHORDGWRGHWHUPLQHWKHDFWXDO &KHFNV:LWKWKH(QJLQH6WRSSHG
ORDGPRPHQW7KLVDFWXDOORDGPRPHQWLVFRQWLQXRXVO\FRP
,QVSHFWWKH5HDFK6WDFNHUEHIRUHXVHDQGHYHU\KRXUVRU
SDUHGZLWKWKHPD[LPXPDOORZDEOHORDGPRPHQWIRUWKHORDG
GDLO\DVGHVFULEHGLQWKH0DLQWHQDQFHVHFWLRQRIWKLV2SHU
SRVLWLRQ7KH/0,SUHYHQWVWKHDFWXDOORDGPRPHQWIURP
DWLQJ0DQXDO0DNHVXUHWKDWWKHDUHDDURXQGWKH5HDFK
H[FHHGLQJWKHPD[LPXPDOORZDEOHORDGPRPHQWE\GLVDEOLQJ
6WDFNHULVFOHDUEHIRUHPDNLQJDQ\RSHUDWLRQDOFKHFNV8VH
WKHERRPH[WHQGDQGERRPGHUULFNLQJGRZQIXQFWLRQV7KH
FDXWLRQZKHQPDNLQJWKHVHFKHFNV
/0,,QGLFDWRUOLJKWVZDUQWKHGULYHUZKHQWKHPD[LPXP


2SHUDWLQJ3URFHGXUHV
%HIRUHXVLQJWKH5HDFK6WDFNHUPDNHWKHIROORZLQJFKHFNV ‡ 0LUURUVDUHFOHDQDQGDGMXVWHG
‡ )XHOOHYHO ‡ :LQGRZVDUHFOHDQ
‡ 2LOOHYHOLQWKHHQJLQHDQGK\GUDXOLFWDQN
:$51,1*
‡ &RRODQWOHYHOLQWKHFRROLQJV\VWHPDQGFRQGLWLRQRIWKH 5HSRUWGDPDJHRUIDXOW\RSHUDWLRQLPPHGLDWHO\'2127
GULYHEHOWV RSHUDWHDGDPDJHGRUGHIHFWLYH5HDFK6WDFNHU$5HDFK
6WDFNHUZLOORQO\GRLWVMREZKHQLWLVLQSURSHUZRUNLQJ
‡ &RQGLWLRQRIWKHHQJLQHFRPSDUWPHQW(QVXUHDOOVXUIDFHV
RUGHU,IUHSDLUVDUHUHTXLUHGLQVWDOODWDJLQWKHRSHUD
DUHIUHHRIRLOVOXEULFDQWVIXHODQGRUJDQLFGXVWVRUILEHUV
WRU VDUHDVWDWLQJ'2127RSHUDWHDQGUHPRYHWKHNH\
SDSHUZRRGFRWWRQZRRODJULFXOWXUDOJUDVVJUDLQHWF 
IURPWKHNH\VZLWFK
5HPRYHDOOIRUHLJQPDWHULDOV
‡ &RQGLWLRQRIWKHUDGLDWRU&OHDQLIQHFHVVDU\ 6WDUWLQJ3URFHGXUHV
‡ 3UHFOHDQHUIRUWKHDLUILOWHU 'RQRWVWDUWRURSHUDWHWKH5HDFK6WDFNHULQFOXGLQJDQ\RILWV
IXQFWLRQVRUDWWDFKPHQWVIURPDQ\SODFHRWKHUWKDQWKHGHV
‡ &RQGLWLRQRIDWWDFKPHQWVDQGRSHUDWRU VFRPSDUWPHQW LJQDWHGRSHUDWRU VSRVLWLRQ,IHTXLSSHGEHVXUHFDEGRRULV
‡ &KHFNIRUSUHVHQFHDQGUHDGDELOLW\RIVDIHW\ODEHOV6HH VHFXUHGLQWKHFORVHGSRVLWLRQEHIRUHVWDUWLQJOLIWWUXFNRSHU
)LJXUH DWLRQV
‡ /HDNVIURPWKHHQJLQHWUDQVPLVVLRQK\GUDXOLFV\VWHP :$51,1*
DQGIXHOV\VWHP
'2127XVHVWDUWLQJIOXLG HWKHU RURWKHUIODPPDEOHOLT
‡ &RQGLWLRQRIZKHHOVDQGWLUHV&KHFNWKHDLUSUHVVXUHLQ XLGVDVVWDUWLQJDLGV7KHHQJLQHLVHTXLSSHGZLWKDQ
WKHSQHXPDWLFWLUHV HOHFWULFKHDWHUIRUDVWDUWLQJDLG8VHRIHWKHURURWKHU
IODPPDEOHOLTXLGVFDQFDXVHDILUHDQGH[SORVLRQFDXV
‡ 6HDWEHOWIDVWHQVFRUUHFWO\5HWUDFWRURSHUDWHVFRUUHFWO\
LQJVHULRXVSHUVRQDOLQMXU\DQGHQJLQHGDPDJH


2SHUDWLQJ3URFHGXUHV
7XUQWKHNH\WRWKH67$57SRVLWLRQWRHQJDJHWKHVWDUWHU
&$87,21
$OORZWKHNH\WRUHWXUQWRWKH21SRVLWLRQZKHQWKHHQJLQH
'2127HQJDJHWKHVWDUWHUIRUPRUHWKDQVHFRQGVDW
VWDUWV2QO\HQJDJHWKHVWDUWHUIRUDPD[LPXPRIVHFRQGV
DWLPH,IWKHHQJLQHGRHVQRWVWDUWWXUQWKHNH\VZLWFK
WR2)):DLWWZRPLQXWHVEHIRUHHQJDJLQJWKHVWDUWHU ,IWKHHQJLQHGRHVQRWVWDUWDIWHUIRXUDWWHPSWVJHWKHOS
DJDLQ IURPDXWKRUL]HGVHUYLFHSHUVRQQHO
,IOLIWWUXFNLVHTXLSSHGZLWKWKHVWDQGDUG236HLWKHU :LWKWKHHQJLQHUXQQLQJDWLGOHFKHFNWKHJDXJHVDQG
LQGLFDWRUOLJKWVIRUFRUUHFWRSHUDWLRQ6HH&RQWUROV,QVWUX
D$SSO\WKHSDUNLQJEUDNH
PHQWV,QGLFDWRUVDQG6ZLWFKHVVHFWLRQLQWKLV2SHUDWLQJ
E3XWWKHGLUHFWLRQDOFRQWUROOHYHUIRUWKHWUDQVPLVVLRQLQ 0DQXDO
WKH1 1(875$/ SRVLWLRQ
&KHFNIRUIDXOWFRGHVRQWKHLQVWUXPHQWFOXVWHU7KH
F&RPSOHWHO\GHSUHVVWKHLQFKLQJEUDNHSHGDO HQJLQHWUDQVPLVVLRQDQGK\GUDXOLFV\VWHPDUHFRQWUROOHG
DQGPRQLWRUHGE\FRQWUROOHUV,QFDVHRIDIDXOWFRQGLWLRQD
,IOLIWWUXFNLVHTXLSSHGZLWKWKHRSWLRQDO236SHUIRUPWKH
IDXOWFRGHLVGLVSOD\HGDQGDZDUQLQJOLJKWIRUWKHVHV\VWHPV
IROORZLQJVWHSVLQVHTXHQFHVKRZQ
ZLOOFRPH21&HUWDLQIDXOWFRGHVPD\VKLIWWKHWUDQVPLVVLRQ
D2SHUDWRUPXVWEHLQVHDW WRQHXWUDOUHGXFHHQJLQHSHUIRUPDQFHRUHYHQVKXWGRZQWKH
HQJLQHDXWRPDWLFDOO\6HH7DEOH7DEOHDQG7DEOH
E6HDWEHOWPXVWEHIDVWHQHG
&KHFNIRU/0,DODUPFRGHVRQWKH/0,GLVSOD\7KH/0,
F0DNHVXUHSDUNLQJEUDNHLVDSSOLHG
FRQWUROOHUPRQLWRUVDQGUHFRUGVIDXOWFRQGLWLRQVXVLQJDODUP
7XUQNH\WRWKH21SRVLWLRQ:DLWXQWLODOOZDUQLQJOLJKWV FRGHV,QFDVHRIDQDFWLYHIDXOWDQDXGLEOHDODUPZLOOVRXQG
DUH2)) DQGWKHUHODWHGDODUPFRGHLVGLVSOD\HGRQWKH/0,PRQLWRU
&HUWDLQDODUPFRGHVZLOOGLVDEOHERRPIXQFWLRQV6HH/0,
'LVSOD\'HVFULSWLRQV


2SHUDWLQJ3URFHGXUHV
5HDGDQGUHFRUGDOODFWLYHIDXOWFRGHVVKRZQRQWKHIDXOW LQVXIILFLHQWFRQYHUVLRQRIVROLGSDUWLFOHV&LUFXPVWDQFHVPD\
FRGHGLVSOD\LPPHGLDWHO\(DUO\FRPPXQLFDWLRQRIWKHUHFRU UHTXLUHDIRUFHGUHJHQHUDWLRQZKLFKLVPRUHRIWHQLQLWLDWHG
GHGIDXOWFRGH V WR\RXU+\VWHUOLIWWUXFNGHDOHUZLOODVVLVW E\WKHHQJLQHFRQWUROV\VWHPGXULQJRSHUDWLRQRIWKHWUXFN,W
WKHPLQSUHSDULQJIRUDVHUYLFHFDOO LVDOVRSRVVLEOHWKDWWKHFRQWUROOHUFDOOVIRUD6WDWLRQDU\
5HJHQHUDWLRQ3URFHGXUHWRKDYHWKHGLHVHOSDUWLFXODWHILOWHU
+HDWLQJ+\GUDXOLF2LO UHJHQHUDWHG7KHGHVFULSWLRQRIWKLVSURFHGXUHLVEHORZ
:KHQK\GUDXOLFRLOWHPSHUDWXUHLQWKHUHVHUYRLULVEHORZ 6WDWLRQDU\5HJHQHUDWLRQ3URFHGXUH
íƒ& ƒ) WKHK\GUDXOLFFRQWUROOHUOLPLWVHQJLQHVSHHG
SURSRUWLRQDOWRWKHK\GUDXOLFRLOWHPSHUDWXUH7KHIDXOWFRGH 0RYHWKHWUXFNWRDQDUHDWKDWDOORZVKLJKH[KDXVWV\VWHP
GLVSOD\ZLOOVKRZ K&ROG $Wíƒ& íƒ) WKHHQJLQHVSHHG WHPSHUDWXUHVUHDFKLQJƒ& ƒ) 
LVOLPLWHGWRUSP$ERYHíƒ& ƒ) WKHFRQWUROOHU
$SSO\WKHSDUNEUDNHDQGOHWWKHHQJLQHUXQDWLGOHVSHHG
GRHVQRWOLPLWHQJLQHVSHHG$SSO\K\GUDXOLFIXQFWLRQVWR
UDLVHK\GUDXOLFRLOWHPSHUDWXUH)RUDTXLFNHUULVHRIK\GUDXOLF 3UHVVDQGUHOHDVHWKHERWWRPRIWKH5HJHQHUDWLRQ&RQWURO
RLOWHPSHUDWXUHDSSO\K\GUDXOLFIXQFWLRQVDJDLQVWUHOLHI 6ZLWFKWRVWDUWWKH6WDWLRQDU\5HJHQHUDWLRQ3URFHGXUH7KH
5HJHQHUDWLRQ,QKLELW/LJKWZLOOEH2))
([KDXVW6\VWHP5HJHQHUDWLRQ 7LHUL6WDJH
,,,%(QJLQHV2QO\ 7KH(&0ZLOOLQFUHDVHHQJLQHVSHHGDQGZLOOVWDUWWKH
UHJHQHUDWLRQSURFHVV
7RFRPSO\ZLWKUHJXODWLRQVWKH7LHUL6WDJH,,,%WUXFNVDUH
:KHQUHJHQHUDWLRQKDVEHHQILQLVKHGDIWHUWR
SURYLGHGZLWKDGLHVHOSDUWLFXODWHILOWHU,W VIXQFWLRQLVWRILOWHU
PLQXWHVHQJLQHVSHHGZLOOGURSWRLGOH7KH'LHVHO3DUWLFXODWH
VROLGSDUWLFOHVDQGUHJHQHUDWHWKHVHSDUWLFOHVLQWRJDVHRXV
)LOWHU/LJKWZLOOEH2))
FRPSRQHQWVWKDWZLOOQRWKDUPWKHHQYLURQPHQW5HJHQHUD
WLRQRIVROLGSDUWLFOHVUHTXLUHVWKDWWKHGLHVHOSDUWLFXODWHILOWHU 7KHWUXFNLVQRZUHDG\DJDLQIRUVHUYLFH
KDVUHDFKHGDQHOHYDWHGWHPSHUDWXUH1RUPDORSHUDWLRQRI
WKHWUXFNHQVXUHVDKLJKHQRXJKILOWHUWHPSHUDWXUHUHVXOWLQJ


2SHUDWLQJ3URFHGXUHV

0DQXDO6KXWGRZQ3URFHGXUHV &RRODQW7HPSHUDWXUH
3ODFHWKH5HDFK6WDFNHURQDVROLGOHYHOVXUIDFH ,IWKHFRRODQWWHPSHUDWXUHUHDFKHVƒ& ƒ) WKHWRU
TXHGHUDWHZLOOVWDUW
$SSO\SDUNLQJEUDNH
7KHHQJLQHZLOOVKXWGRZQVHFRQGVDIWHUWKHFRRODQWWHP
3XWWKHVKLIWOHYHUIRUWKHWUDQVPLVVLRQLQWKH1(875$/
SHUDWXUHH[FHHGVƒ& ƒ) 
1 SRVLWLRQ
,QWDNH0DQLIROG7HPSHUDWXUH
&$87,21
7KHWXUERFKDUJHUFDQEHVHYHUHO\GDPDJHGZKHQ ,IWKHLQWDNHPDQLIROGWHPSHUDWXUHUHDFKHVƒ& ƒ) 
VZLWFKLQJRIIDKRWHQJLQHZKHQWKHWRPLQXWHLGOH WKHWRUTXHGHUDWHZLOOVWDUW
SHULRGLVQRWSHUIRUPHG 7KHHQJLQHZLOOVKXWGRZQVHFRQGVDIWHUWKHLQWDNHPDQL
$OORZWKHWXUERFKDUJHURIWKHHQJLQHWRFRROGRZQDQGWR IROGH[FHHGVƒ& ƒ) 
REWDLQWKHORZHVWSRVVLEOHWXUERVSHHGEHIRUHVWRSSLQJWKH
(QJLQH2LO7HPSHUDWXUH
HQJLQH,IHQJLQHFRRODQWWHPSHUDWXUHLVORZWRPRGHUDWH
NHHSWKHHQJLQHDWORZHVWLGOHIRUPLQXWHVEHIRUHWXUQLQJ ,IWKHRLOWHPSHUDWXUHUHDFKHVƒ& ƒ) WKHWRUTXH
WKHNH\VZLWFKWR2)),IHQJLQHWHPSHUDWXUHLVKLJKNHHS GHUDWHZLOOVWDUW
WKHHQJLQHDWORZHVWLGOHIRUDWOHDVWPLQXWHVEHIRUHWXUQLQJ
WKHNH\VZLWFKWR2)) 7KHHQJLQHZLOOVKXWGRZQVHFRQGVDIWHUWKHRLOWHPSHUD
WXUHH[FHHGVƒ& ƒ) 
'HUDWLQJDQG$XWRPDWLF6KXWGRZQ3URFHGXUHV
127(6KRXOGDQ\ZDUQLQJOLJKWFRPHRQWRVLJQDOGHUDWH
WKHRSHUDWRUVKRXOGWU\WRPRGHUDWHWKHWUXFNGXW\VRWKDW
VKXWGRZQLVDYRLGHGLIDWDOOSRVVLEOH


2SHUDWLQJ3URFHGXUHV

(QJLQH2LO3UHVVXUH WUDQVPLVVLRQZLOOGLVHQJDJHDQGK\GUDXOLFERRPIXQFWLRQV
FDQQRWEHRSHUDWHG7KH236LVGHVLJQHGZLWKDVOLJKWGHOD\
,IWKHHQJLQHRLOSUHVVXUHLVEHORZWKHORZOLPLWIRUVHFRQGV LQWKHVHDWVZLWFKWRDOORZWKHRSHUDWRUWRUHSRVLWLRQKLPVHOI
WRUTXHGHUDWHZLOOVWDUWDIWHUVHFRQGV7KHHQJLQHZLOOVKXW ZLWKRXWGLVDEOLQJWKHWUDQVPLVVLRQDQGDOOK\GUDXOLFIXQFWLRQV
GRZQVHFRQGVDIWHUWRUTXHGHUDWHLVVWDUWHG
7RFKHFNRSHUDWLRQRIWKH236WKHUHPXVWEHQRRSHUDWRULQ
(PSW\6HDW(QJLQH6KXWGRZQ WKHVHDWIRUDWOHDVWVHFRQGV9HULI\WKHK\GUDXOLFIXQF
WLRQVGRQRWRSHUDWHDQGWKDWWKHWUDQVPLVVLRQLVGLVHQJDJHG
7KHHQJLQHVKXWVGRZQLIWKHRSHUDWRULVDEVHQWGXULQJDFHU
WDLQWLPH7KLVWLPHKDVEHHQVHWE\WKHIDFWRU\DWPLQXWHV 7RFKHFNRSHUDWLRQRIWKHRSWLRQDO236DQDGGLWLRQDOFKHFN
DQGFDQEHDGMXVWHGE\\RXUGHDOHUEHWZHHQDQG LVUHTXLUHG:LWKRSHUDWRULQWKHVHDWDQGVHDWEHOW127IDV
PLQXWHV7RUHVWDUWWKHHQJLQHWXUQWKHVZLWFKWR2))DQG WHQHGIRUDWOHDVWVHFRQGVYHULI\WKHK\GUDXOLFERRP
IROORZWKHQRUPDOVWDUWLQJSURFHGXUHV IXQFWLRQVGRQRWRSHUDWHDQGWKHWUDQVPLVVLRQLVGLVHQJDJHG

2SHUDWRU3UHVHQFH6\VWHP 236 ,IWKH236GRHVQRWRSHUDWHDVH[SHFWHGUHPRYHWUXFNIURP


VHUYLFHXQWLOUHSDLUVDUHFRPSOHWHG
7KHOLIWWUXFNVFRYHUHGLQWKLVPDQXDODUHHTXLSSHGZLWKDQ
2SHUDWRU3UHVHQFH6\VWHP 236 6RPHOLIWWUXFNVDUH 7RUHVHWWKH236DQGDOORZIXOOWUXFNRSHUDWLRQWKHRSHUDWRU
HTXLSSHGZLWKDQRSWLRQDO2SHUDWRU3UHVHQFH6\VWHPZKLFK PXVWEHVHDWHG)RUWUXFNVHTXLSSHGZLWKWKHRSWLRQDO2SHU
ZLOOQRWDOORZWKHWUXFNWRWUDYHORURSHUDWHK\GUDXOLFERRP DWRU3UHVHQFH6\VWHPWKHVHDWEHOWPXVWDOVRWKHQEHIDV
IXQFWLRQVXQOHVVWKHRSHUDWRULVLQWKHVHDWDQGWKHVHDWEHOW WHQHG(QJDJHWKHWUDQVPLVVLRQXVLQJDQ\RIWKHIROORZLQJ
LVDOVRIDVWHQHG DFWLRQV

7KH236IHDWXUHKDVDQHOHFWULFDOVZLWFKLQWKHVHDWZKLFK ‡ 'HSUHVVWKHLQFKLQJEUDNHSHGDOPRUHWKDQ
VHQVHVWKHSUHVHQFHRIWKHRSHUDWRU:KHQWKHRSHUDWRULVLQ ‡ 0RYHWKHJHDUVHOHFWRULQWRWKH1(875$/SRVLWLRQDQG
WKHVHDWWKHWUDQVPLVVLRQFDQEHHQJDJHGDQGK\GUDXOLF WKHQPRYHWKHJHDUVHOHFWRULQWRWUDYHOPRGH
IXQFWLRQVFDQEHRSHUDWHG:KHQWKHRSHUDWRULVDEVHQWWKH


2SHUDWLQJ3URFHGXUHV

1RQ3RZHU6OLGLQJ&DE6\VWHP RXVGDPDJHWRWKHWUXFNDQGSHUVRQDOLQMXU\RUGHDWK
PD\RFFXU
&RPSRQHQWVORFDWHGLQWKHHQJLQHFRPSDUWPHQWXQGHUWKH
FDEFDQEHDFFHVVHGE\PRYLQJWKHVOLGLQJFDE7RPRYHWKH 7RDOORZWKHVOLGLQJIXQFWLRQLQFDVHRIIDLOHGGRRUVHQVRUV
FDEVKXWWKHGRRUVDQGUHOHDVHWKHWZRORFNVDWWKHORZUHDU DQRYHUULGHVZLWFKRQWKHVLGHFRQVROHPXVWEHSXVKHGLQ
RIWKHFDE3XVKDJDLQVWWKHFDEWRPRYHLWLQWRWKHGHVLUHG DGGLWLRQWRWKHVOLGLQJFDEVZLWFK
SRVLWLRQ7RRSHUDWHWKH5HDFK6WDFNHUWKHFDEPXVWEH 6HQVRUVGHWHFWWKHDFWXDOSRVLWLRQRIWKHFDE,IWKHFDELV
ORFNHGLQWKHIXOOEDFNSRVLWLRQ,IWKHFDELV127LQWKHIXOO 127LQWKHPRVWUHDUZDUGSRVLWLRQWKH/0,OLPLWVWKHERRP
EDFNSRVLWLRQWKHWUDQVPLVVLRQZLOOVKLIWWR1(875$/DQGWKH UHWUDFWDQGGHUULFNLQJXSIXQFWLRQV7KLVSUHYHQWVWKHFDE
/0,ZLOOOLPLWWKHUHWUDFWDQGGHUULFNLQJXSIXQFWLRQV IURPEHLQJKLWE\WKHORDG)RUZDUGPRYHPHQWRIWKHFDELV
LQWHUUXSWHGLIWKHSRVLWLRQRIWKHDWWDFKPHQWLVWRRFORVHWRWKH
3RZHUHG6OLGLQJ&DE6\VWHP
FDE
'XULQJQRUPDORSHUDWLRQWKHFDEFDQEHPRYHGE\DVZLWFK 7KHFDEFDQDOVREHPRYHGE\DQH[WHUQDOVZLWFKZKLFKLV
WKDWLVORFDWHGRQWKHDUPUHVW6HH)LJXUH7KHVOLGLQJFDE ORFDWHGXQGHUWKHEDWWHU\FRYHUMXVWDERYHWKHEDWWHU\GLV
VZLWFKLVRQO\RSHUDWLRQDOZKHQWKHNH\VZLWFKLVLQWKH21 FRQQHFWVZLWFK6HH)LJXUH
SRVLWLRQDQGZKHQERWKFDEGRRUVDUHFORVHG:KHQWKHVOLG
LQJIXQFWLRQLVDFWLYDWHGDEX]]HULQVLGHDQGDEX]]HURXWVLGH 3XVKWKHVZLWFKWRDFWLYDWHWKHUHDUZDUGPRYHPHQWRIWKH
RIWKHFDEZLOOVRXQG FDE,QRUGHUWRDOORZIRUZDUGFDEPRYHPHQWE\WKHH[WHUQDO
VZLWFKWKHNH\VZLWFKLQWKHFDEPXVWEHSXWLQWKH21SRVL
:$51,1* WLRQ
8VHWKHRYHUULGHVZLWFKRQO\LQHPHUJHQF\VLWXDWLRQV 7KHFDELVHTXLSSHGZLWKDQHPHUJHQF\VWRSEXWWRQDWWKH
ZKHQWKHUHLVDQDSSDUHQWIDLOXUHRIWKHGRRUVZLWFKHV IURQWDQGUHDUVLGHRIWKHFDE3XVKLQJHLWKHURIWKHVHWZR
:KHQWKHGRRUVDUHRSHQZKLOHWKHFDELVPRYLQJVHUL EXWWRQVLQWHUUXSWVWKHVOLGLQJFDEPRYHPHQW


2SHUDWLQJ3URFHGXUHV
7KHSRZHUHGVOLGLQJFDEFDQEHPRYHGPDQXDOO\LQFDVHRI
IDLOXUH
3XWWKHOHYHURIWKHHPHUJHQF\YDOYHLQWKHYHUWLFDOSRVLWLRQ
DQGSXVKWKHFDELQWRWKHGHVLUHGSRVLWLRQ,PPHGLDWHO\DIWHU
PRYHWKHOHYHULQWRWKHKRUL]RQWDOSRVLWLRQ
0DNHVXUHWKHOHYHURIWKHHPHUJHQF\YDOYHLVLQWKHKRUL
]RQWDOSRVLWLRQEHIRUHRSHUDWLQJWKHWUXFN6HH)LJXUH

 6/,',1*&$%6:,7&+
 %$77(5<',6&211(&76:,7&+

)LJXUH6HDOHG)XVHV


2SHUDWLQJ3URFHGXUHV

$ 1250$/+25,=217$/326,7,21
% (0(5*(1&<5(/($6(326,7,21

)LJXUH(PHUJHQF\9DOYH


2SHUDWLQJ3URFHGXUHV

$XWRPDWLF*UHDVLQJ6\VWHP 2SWLRQDO
7KHRSWLRQDODXWRPDWLFJUHDVLQJV\VWHPSURYLGHVPRVWRIWKH
&KHFNV:LWKWKH(QJLQH5XQQLQJ
WUXFNJUHDVHSRLQWVZLWKWKHJUHDVH1RWFRQQHFWHGZLWKWKH
DXWRPDWHGJUHDVLQJV\VWHPDUHWKHFDEGRRUKLQJHVWKH :$51,1*
GULYHVKDIWDQGWKHRSWLRQDOVWDELOL]HUZKLFKVWLOOKDYHWREH )$67(16($7%(/7
JUHDVHGPDQXDOO\DWWKHVFKHGXOHGLQWHUYDOV ,I5HDFK6WDFNHU7LSV2YHU
9HULI\FRUUHFWRSHUDWLRQGDLO\E\FKHFNLQJWKH/('VRQWKH ‡ '2127-XPS±6WD\2Q7UXFN
DXWRPDWLFJUHDVLQJV\VWHPGLVSOD\DQGWDNHDSSURSULDWH
DFWLRQZKHQQHFHVVDU\ ‡ +ROG)LUPO\7R6WHHULQJ:KHHO±%UDFH
)HHW±/HDQ)RUZDUG$QG$ZD\)URP
6HH$XWRPDWLF*UHDVLQJ6\VWHP650IRUPRUH ,PSDFW
LQIRUPDWLRQ
7KHVHDWEHOWLVLQVWDOOHGWRKHOSWKHRSHUDWRU
VWD\RQWKHWUXFNLIWKH5HDFK6WDFNHUWLSV
RYHU,7&$121/<+(/3,),7,6)$67(1('
7KHRSHUDWRUPXVWEHDZDUHWKDWWKH5HDFK
6WDFNHUFDQWLSRYHU7KHUHLVDJUHDWULVNWKDW
WKHRSHUDWRURUVRPHRQHHOVHFDQEHNLOOHGRU
LQMXUHGLIWUDSSHGRUKLWE\WKH5HDFK6WDFNHU
DVLWWLSVRYHU7KHULVNRILQMXU\FDQEHUHGXFHGLIWKH
RSHUDWRUVWD\VRQWKH5HDFK6WDFNHU,IWKH5HDFK6WDFNHU
WLSVRYHUGRQRWMXPSRII


2SHUDWLQJ3URFHGXUHV
7KH6($7%(/7SURYLGHVDPHDQVWRKHOSWKHRSHUDWRUNHHS ‡ &KHFNWKHRSHUDWLRQRIWKHWUDQVPLVVLRQWKHVKLIWOHYHU
WKHKHDGDQGWRUVRVXEVWDQWLDOO\ZLWKLQWKHFRQILQHVRIWKH DQGDFFHOHUDWRUSHGDO&KHFNWKDWWKHDXGLEOHUHYHUVH
WUXFNIUDPHDQGRYHUKHDGJXDUGLIDWLSRYHURFFXUV7KLVSUR DODUPRSHUDWHVZKHQWKHVKLIWOHYHULVLQWKH5(9(56(
WHFWLRQV\VWHPLVLQWHQGHGWRUHGXFHWKHULVNRIWKHKHDGDQG SRVLWLRQ
WRUVREHLQJWUDSSHGEHWZHHQWKH5HDFK6WDFNHUDQGWKH
‡ &KHFNWKHRSHUDWLRQRIWKHVHUYLFHEUDNHVDQGSDUNLQJ
JURXQGEXWLWFDQQRWSURWHFWWKHRSHUDWRUDJDLQVWDOOSRVVLEOH
EUDNH
LQMXU\LQDWLSRYHU
‡ &KHFNWKHRSHUDWLRQRIWKHVWHHULQJV\VWHP
0DNHVXUHWKHDUHDDURXQGWKH5HDFK6WDFNHULVFOHDUEHIRUH
VWDUWLQJWKHHQJLQHRUPDNLQJDQ\RSHUDWLRQDOFKHFNV%H 2SHUDWLQJ7HFKQLTXHV
FDUHIXOZKHQPDNLQJWKHFKHFNV,IWKH5HDFK6WDFNHULVVWD
WLRQDU\GXULQJDFKHFNDSSO\WKHSDUNLQJEUDNHDQGSXWWKH :$51,1*
WUDQVPLVVLRQLQ1(875$/3URFHHGFDUHIXOO\ %HIRUHRSHUDWLQJWKH5HDFK
&KHFNWKHRSHUDWLRQRIWKHIROORZLQJIXQFWLRQVDVGHVFULEHG 6WDFNHU)$67(1<2856($7
LQWKH0DLQWHQDQFHVHFWLRQ %(/7

‡ &KHFNWKHRSHUDWLRQRIWKHKRUQJDXJHVDQGLQGLFDWRU 7KHUHDUHDQXPEHURIRSHUDWLRQV
OLJKWV LIQRWSHUIRUPHGFDUHIXOO\WKDWFDQFDXVHWKH5HDFK
6WDFNHUWRWLS,I\RXKDYHQRWUHDGWKH:$51,1*SDJH
‡ &KHFNWKHRLOOHYHOLQWKHSRZHUVKLIWWUDQVPLVVLRQZKHQWKH LQWKHIURQWRIWKLV23(5$7,1*0$18$/GRVR12:$V
RLOLVDWRSHUDWLQJWHPSHUDWXUH \RXVWXG\WKHIROORZLQJLQIRUPDWLRQDERXWKRZWRSURS
‡ 2SHUDWHWKHERRPDQGVSUHDGHUIXQFWLRQVWRFKHFNIRUWKH HUO\RSHUDWHD5HDFK6WDFNHUUHPHPEHUWKH:$51,1*6
FRUUHFWRSHUDWLRQV


2SHUDWLQJ3URFHGXUHV

%DVLF2SHUDWLQJ3URFHGXUHV H[SHULHQFHGLQ5HDFK6WDFNHURSHUDWLRQPXVWJXLGHWKHRSHU
DWRUWKURXJKVHYHUDOGULYLQJDQGORDGKDQGOLQJRSHUDWLRQV
0DQ\SHRSOHPDNHWKHPLVWDNHRIWKLQNLQJWKDWRSHUDWLQJWKLV EHIRUHWKHRSHUDWRUDWWHPSWVWRRSHUDWHWKH5HDFK6WDFNHU
5HDFK6WDFNHULVWKHVDPHDVGULYLQJDQDXWRPRELOH7KLVLV DORQH$EDVLFHGXFDWLRQLQSURSHUGULYLQJDQGORDGKDQGOLQJ
QRWWUXH,WLVWUXHWKDWVRPH5HDFK6WDFNHURSHUDWLQJSURFH WHFKQLTXHVLVDEVROXWHO\QHFHVVDU\WRSUHSDUHWKHQHZRSHU
GXUHVDUHDVVLPSOHDQGREYLRXVDVGULYLQJWKHIDPLO\DXWR DWRUIRUSURSHUGHIHQVLYHGULYLQJDQGWRH[SHFWWKHXQH[SHF
PRELOH HJ/RRNZKHUH\RXDUHJRLQJVWDUWDQGVWRS WHG
VPRRWKO\HWF %XWWKH5HDFK6WDFNHULVDVSHFLDOPDFKLQH
GHVLJQHGWRGRDPXFKGLIIHUHQWMREWKDQDQDXWRPRELOH 2SHUDWHWKH5HDFK6WDFNHURQO\RQILUPDQGHVVHQWLDOO\IODW
%HFDXVHRIWKHFRQILQHGDUHDVLQZKLFKWKLV5HDFK6WDFNHU VXUIDFHVLQDUHDVWKDWKDYHEHHQDSSURYHGIRU5HDFK6WDFNHU
RSHUDWHVDQGLWVRWKHURSHUDWLQJFKDUDFWHULVWLFV OLNHUHDU RSHUDWLRQ
ZKHHOVWHHULQJDQGWDLOVZLQJ HYHU\RSHUDWRUPXVWUHFHLYH
DGGLWLRQDOWUDLQLQJHYHQLIWKH\KDYHDOLFHQVHWRGULYHDQ &HUWDLQDUHDVFRQWDLQKD]DUGRXVIODPPDEOH
DXWRPRELOH JDVHVOLTXLGGXVWILEHUVRURWKHUPDWHULDOV
5HDFK6WDFNHUVWKDWDUHRSHUDWHGLQWKHVH
7KHIROORZLQJGLVFXVVLRQOLVWVEDVLFSURFHGXUHVDSSOLFDEOHWR DUHDVPXVWKDYHVSHFLDOILUHVDIHW\DSSURYDO
5HDFK6WDFNHURSHUDWLRQ
7KHVHDUHDVPXVWEHGHVLJQDWHGWRVKRZWKH
$87+25,=('$1'75$,1(' W\SHRI5HDFK6WDFNHUDSSURYDOUHTXLUHGIRURSHUDWLRQLQWKH
23(5$72521/<7KLVPHDQVWKH DUHD&KDQJHVWRVSHFLDOHTXLSPHQWRUSRRUPDLQWHQDQFH
RSHUDWRUPXVWEHWUDLQHGWRGULYHWKH FDQPDNHWKH5HDFK6WDFNHUORVHLWVVSHFLDODSSURYDO
5HDFK6WDFNHUDQGLWPHDQVWKDWWKH
RSHUDWRUPXVWWKRURXJKO\XQGHU
VWDQGWKHSURFHGXUHVIRU5HDFK
6WDFNHURSHUDWLRQ,WDOVRPHDQVWKDWDTXDOLILHGSHUVRQ


2SHUDWLQJ3URFHGXUHV
125,'(56$5HDFK6WDFNHULVEXLOWIRURQO\RQHSHUVRQ
:$51,1*
WKHRSHUDWRU,WLVGDQJHURXVIRUDQ\RQHWRULGHDQ\ZKHUH
HOVHRQWKH5HDFK6WDFNHU

'ULYHFDUHIXOO\REVHUYHWUDIILFUXOHVDQGEHLQ
IXOOFRQWURORIWKH5HDFK6WDFNHUDWDOOWLPHV%H
FRPSOHWHO\IDPLOLDUZLWKDOOWKHGULYLQJDQGORDG
KDQGOLQJWHFKQLTXHVLQWKLV23(5$7,1*0$1
8$/

7KH5HDFK6WDFNHULVGHVLJQHGDQGLQWHQGHGIRUKDQGOLQJ 'ULYLQJDQG'LUHFWLRQ&KDQJHV
FRQWDLQHUV'RQRWOLIWRUPRYHSHRSOHWKDWDUHRXWVLGHRI 7KHVH5HDFK6WDFNHUKDYHDIRXUVSHHGSRZHUVKLIWWUDQV
WKHFDE PLVVLRQ2SHUDWHWKHWUDQVPLVVLRQDVIROORZV
7KHVKLIWOHYHUIRUWKHWUDQVPLVVLRQLVRQWKHOHIWVLGHRIWKH
VWHHULQJFROXPQ3XVKWKHVKLIWOHYHU)25:$5' ) WRWUDYHO
)25:$5'3XOOWKHVKLIWOHYHUEDFN 5 WRWUDYHOLQ
5(9(56(0RYHWKHVKLIWOHYHUWRWKHFHQWHU 1 SRVLWLRQWR
SXWWKHWUDQVPLVVLRQLQ1(875$/$QDXGLEOHUHYHUVHDODUP
LVDFWLYDWHGZKHQHYHUWKHVKLIWOHYHULVLQWKH5(9(56(SRVL
WLRQ7KHWUDQVPLVVLRQFRQWUROOHU $3& ZLOO127DOORZ
JHDUHQJDJHPHQWDQGRUGLUHFWLRQFKDQJHVLIWKHHQJLQH
VSHHGLVPRUHWKDQUSPRUWUXFNVSHHGLVPRUHWKDQ
NPK PSK 


2SHUDWLQJ3URFHGXUHV
5DQJHVHOHFWLRQLVE\URWDWLRQRIWKHKDQGOHRIWKHVKLIWOHYHU ,QFKLQJ%UDNLQJ
5RWDWHWKHKDQGOHWRRQHRIWKHIRXUUDQJHVIRUDXWRPDWLF
VKLIWLQJXSDQGGRZQWKURXJKWKHUDQJHVDVGHVFULEHGLQ)LJ :$51,1*
XUH$OOIRXUVSHHGVDUHDYDLODEOHLQWKH)25:$5'RU ,QFKLQJUHTXLUHVFRRUGLQDWHGPRYHPHQWRIWKHLQFKLQJ
5(9(56(GLUHFWLRQRIWUDYHODVVHOHFWHG EUDNHSHGDODQGWKHDFFHOHUDWRU1HZRSHUDWRUVPXVW
7RFKDQJHGLUHFWLRQVXVHWKHEUDNHSHGDOWRVORZOHVVWKDQ SUDFWLFHWKLVSURFHGXUHEHIRUHDWWHPSWLQJWRKDQGOH
NPK PSK RUVWRSWKHYHKLFOH&KDQJHGLUHFWLRQVZLWK ORDGV
WKHVKLIWOHYHU7KHWUDQVPLVVLRQZLOOVKLIWWR1(875$/LID 7KH5HDFK6WDFNHUKDVDEUDNHSHGDODQGDLQFKLQJEUDNH
UHYHUVDOLVDWWHPSWHGZKHQWKHVSHHGLVWRRIDVW SHGDO7KHEUDNHSHGDO PLGGOHSHGDO DSSOLHVRQO\WKH
7KH5HDFK6WDFNHUKDVWKHFDSDELOLW\RIPDNLQJGLUHFWLRQDO EUDNHV6OLJKWO\SXVKLQJWKHLQFKLQJEUDNHSHGDO OHIWKDQG
VKLIWVDWWUDYHOVSHHGVXSWRDZDONLQJSDFHEXWWKHERRP SHGDO ZLOODSSO\WKHVHUYLFHEUDNHVDQGIXUWKHUSXVKLQJWKH
PXVWQRWEHUDLVHGDQGWKHORDGPXVWEHVWDEOH,IWKH5HDFK SHGDOZLOOIXOO\GLVHQJDJHWKHWUDQVPLVVLRQ
6WDFNHULVPRYLQJUDSLGO\VORZWRDZDONLQJVSHHGEHIRUH ,QFKLQJLVWKHPRYHPHQWRIWKH5HDFK6WDFNHUWKDWDOORZVD
FKDQJLQJWKHGLUHFWLRQRIWUDYHO VORZWUDYHOVSHHGZKLOHNHHSLQJWKHHQJLQHVSHHGKLJKIRU
127('XULQJWKHRSHUDWLRQRIWKHWUXFNWKH$3&FRQ IDVWRSHUDWLRQRIWKHOLIWPHFKDQLVP
WUROOHUPD\GLVSOD\WUDQVPLVVLRQH[FHHGFRGHVRQWKHKRXU
PHWHUDQGIDXOWLQGLFDWRUGLVSOD\7KHVHFRGHVDUHVKRZQLQ
7DEOH
,QWKHHYHQWRIDQDWUDQVPLVVLRQIDLOXUHFRQWDFW\RXUORFDO
VHUYLFHUHSUHVHQWDWLYH


2SHUDWLQJ3URFHGXUHV
0RVWRSHUDWRUVFDQXQGHUVWDQGWKHQHHGWREHFDUHIXOZKHQ
KDQGOLQJORDGVEXWVRPHRSHUDWRUVGRQRWUHDOL]HWKDWDWLS
RYHUFDQRFFXUZLWKDQHPSW\5HDFK6WDFNHUEHFDXVHVLPLODU
G\QDPLFIRUFHVDUHSUHVHQW,QIDFWWKH5HDFK6WDFNHUZLOO
DFWXDOO\WLSRYHUHDVLHUVLGHZDUGZKHQHPSW\WKDQZKHQ
ORDGHGZLWKWKHORDGORZHUHG$UHWUDFWHGERRPRIIFHQWHU
ORDGVDQGXQHYHQJURXQGZLOODJJUDYDWHWKHVHFRQGLWLRQV

:$51,1*
,)7+(5HDFK6WDFNHU7,3629(5'2127-8032))
$)$67 %6/2: +2/'),50/<7267((5,1*:+((/%5$&(<285
)((7$1'/($1)25:$5'$1'$:$<)5207+(
6WHHULQJ 7XUQLQJ 32,172),03$&7

:$51,1* :$51,1*
75$9(/6/2:/<:+(17851 )DLOXUHWRREVHUYHWKHWDLOVZLQJDUHDZKHQPDNLQJDWXUQ
,1*5HDFK6WDFNHUFDQWLSRYHU FDQLQMXUHRUNLOOVRPHRQH
HYHQDWYHU\VORZVSHHGV7KH
FRPELQDWLRQRIVSHHGDQGWKH
VKDUSQHVVRIDWXUQFDQFDXVHD
WLSRYHU$5HDFK6WDFNHULVOHVV
VWDEOHZKHQWKHERRPLVHOHYDWHG
ZLWKRUZLWKRXWDORDG


2SHUDWLQJ3URFHGXUHV

'RQRWWXUQRQDQLQFOLQH7RUHGXFH
WKHSRVVLELOLW\RIDWLSRYHUD5HDFK
6WDFNHUPXVWQRWEHGULYHQDFURVVDQ
LQFOLQH
:KHQSRVVLEOHNHHSERWKKDQGVRQ
WKHVWHHULQJZKHHO'XULQJPRVWORDG
LQJRUXQORDGLQJRSHUDWLRQVWKHRSHU
DWRUVWHHUVZLWKWKHOHIWKDQG7KHULJKWKDQGLVXVHGWR
RSHUDWHWKHERRPDQGVSUHDGHUFRQWUROV

$7$,/6:,1*

%HFDXVH5HDFK6WDFNHUVDUHGHVLJQHGWRZRUNLQDUHODWLYHO\
VPDOOVSDFHWKH\FDQWXUQVKDUSHUWKDQVRPHRWKHUYHKLFOHV
0RVW5HDFK6WDFNHUVDUHVWHHUHGE\WKHUHDUZKHHOVDQGWKH
UHDURIWKH5HDFK6WDFNHUFDQPRYHWRWKHVLGHYHU\IDVWGXU
LQJDWXUQ7KLVPRYHPHQWLVFDOOHGWDLOVZLQJ$QRSHUDWRU
PXVWEHDZDUHRIWDLOVZLQJDQGDOZD\VFKHFNWRPDNHVXUH
WKHWDLOVZLQJDUHDLVFOHDUEHIRUHWXUQLQJ
7DLOVZLQJIRU5HDFK6WDFNHUVLVGHWHUPLQHGE\WKHUHDURIWKH
ERRPEHFDXVHWKHUHDURIWKHERRPFDQH[WHQGXSWRP
IW EHKLQGWKHFRXQWHUZHLJKW
:KHQWXUQLQJWKH5HDFK6WDFNHUIURPDZLGHDLVOHLQWRDQDU
URZDLVOHVWDUWWKHWXUQDVFORVHWRWKHRSSRVLWHVWRFNSLOHDV


2SHUDWLQJ3URFHGXUHV
WDLOVZLQJZLOOSHUPLW7KLVDFWLRQSHUPLWVWKH5HDFK6WDFNHU
WRHQWHUWKHQDUURZDLVOHJRLQJVWUDLJKWDKHDG
7UDYHOLQJ

:$51,1*
7KH5HDFK6WDFNHUFDQWLSRYHUIRUZDUGZKHQWKHORDGLV
UDLVHG)RUZDUGWLSSLQJLVHYHQPRUHOLNHO\ZKHQWKH
ERRPLVH[WHQGHGRUORZHUHGZKLOHWUDYHOLQJIRUZDUGRU :KHQWUDYHOLQJXSRUGRZQDJUDGHZLWKDKHDYLO\ORDGHG
DFFHOHUDWLQJLQUHYHUVH 5HDFK6WDFNHUNHHSWKHORDGXSJUDGHWRPDLQWDLQFRQWURO

:$51,1*
,)7+(5HDFK6WDFNHU7,3629(5'2127-8032))
+2/'),50/<7267((5,1*:+((/%5$&(<285
)((7$1'/($1)25:$5'$1'$:$<)5207+(
32,172),03$&7
7UDYHOZLWKWKHERRPDQGVSUHDGHUUDLVHGRQO\HQRXJKIRU
YLVLELOLW\
:KHQWUDYHOLQJZLWKRXWDORDGH[WHQGWKHERRPPHWHUV
IURPWKHUHWUDFWHGSRVLWLRQDQGUDLVHWKHERWWRPRIWKH
VSUHDGHUP IW DERYHWKHVHDW


2SHUDWLQJ3URFHGXUHV
$Q\WLPHWKH5HDFK6WDFNHULVPRYLQJNHHSDUPVOHJVHWF
:$51,1*
LQVLGHWKHRSHUDWRU VFRPSDUWPHQW$UPVDQGOHJVRXWVLGH
8VHWKHUHDUYLHZPLUURUVIRUYLHZLQJDORQJWKHVLGHVRI
WKHPDFKLQHFDQEHLQMXUHGGXULQJRSHUDWLRQ
WKH5HDFK6WDFNHUWRREVHUYHWKHWDLOVZLQJDUHD7KHVH
PLUURUVDUHDQDLGWRWKHGULYHU$OZD\VORRNLQWKHGLUHF $YRLGEXPSVKROHVVOLFNVSRWVDQGORRVHPDWHULDOVWKDW
WLRQRIWUDYHOWRDYRLGGDPDJHWRVRPHWKLQJRULQMXU\WR FDQFDXVHWKH5HDFK6WDFNHUWRVZHUYHRUWLS,IXQDYRLGDEOH
VRPHRQH VORZGRZQ
127(8VHH[WUDFDUHDWLQWHUVHFWLRQVDQGRWKHUORFDWLRQV
ZKHUHSHGHVWULDQVFDQVWHSLQWRWKHSDWKRIWUDYHORIWKH
5HDFK6WDFNHU6ORZGRZQZKHQDSSURDFKLQJEOLQGLQWHUVHF
WLRQVRUWXUQVDQGVRXQGWKHKRUQ7KLVDODUPLVWRZDUQ
SHGHVWULDQVWKDWWKHUHLVD5HDFK6WDFNHULQWKHDUHDDQGWR
EHDOHUWWRSRVVLEOHGDQJHU

:DWFKRXWIRUSHGHVWULDQVDWDOOWLPHV
'RQRWGULYHXSWRDQ\RQHVWDQGLQJLQ
IURQWRIDQREMHFW
:DWFKFOHDUDQFHVHVSHFLDOO\DURXQG
'RQRWLQGXOJHLQVWXQWGULYLQJ
WKHORDGERRPDQGVSUHDGHUDQGWKHWDLO
VZLQJ$5HDFK6WDFNHULVGHVLJQHGWR 'RQRWSDVVDQRWKHU5HDFK6WDFNHUWUDYHOLQJLQWKHVDPH
ZRUNZLWKLQDOLPLWHGDUHD6HULRXVDFFL GLUHFWLRQDWLQWHUVHFWLRQVEOLQGVSRWVRUDWRWKHUGDQJHURXV
GHQWVFDQEHFDXVHGE\WKHERRPRUVSUHDGHUKLWWLQJSLSHV ORFDWLRQV
ZLUHVRUFRQWDLQHUV
6WD\DZD\IURPWKHHGJHRIWKHURDG.HHSWKHWLUHVRI
WKH5HDFK6WDFNHUHVSHFLDOO\WKHVWHHUWLUHVRQWKHURDGZD\


2SHUDWLQJ3URFHGXUHV
,IWKHWLUHVDUHDOORZHGWRUXQRIIWKHHGJHRIWKHWUDYHOVXUIDFH 7KH/RDG0RPHQW,QGLFDWRU
DQGRQWRVRIWJURXQGWKH5HDFK6WDFNHUFDQWLSRYHU /0,
:$51,1* :$51,1*
0DLQWDLQDVDIHGLVWDQFHIURPWKHHGJHRIGRFNVUDPSV )RUWKH/0,WRRSHUDWHDVGHVLJQHGWKH5HDFK6WDFNHU
SODWIRUPVDQGRWKHUVLPLODUZRUNLQJVXUIDFHV:DWFKWKH PXVWEHVWDWLRQDU\RQOHYHODQGVWDEOHJURXQGZLWKRXW
WDLOVZLQJ WKHERRPIXOO\UHWUDFWHG7KH/0,PXVWQRWEHRYHUULG
GHQ7KH/0,LVLQWHQGHGRQO\WRZDUQWKHRSHUDWRURI
:$51,1* LQDGHTXDWHVWDELOLW\LQWKHORQJLWXGLQDOSODQHLQWKHIRU
5HPHPEHUZKHQWUDYHOLQJLQWKHIRUZDUGGLUHFWLRQDQG ZDUGGLUHFWLRQZKHQSHUIRUPLQJORDGLQJDQGSODFLQJ
WKHVWHHULQJZKHHOLVWXUQHGWRPRYHWKH5HDFK6WDFNHU IXQFWLRQV
DZD\IURPWKHHGJHRIWKHGRFNWKHUHDUZLOOVZLQJWRZDUG
WKHHGJH7KLVFDQFDXVHWKH5HDFK6WDFNHUWRIDOORIIWKH 7KH/0,LVQRWDVXEVWLWXWHIRUJRRGMXGJPHQWDQGH[SH
GRFN ULHQFH'RQRWUHO\RQWKH/0,WRSUHYHQWLQVWDELOLW\
$OZD\VREVHUYHWKHDFFHSWHGVDIHRSHUDWLQJSURFHGXUHV
6WD\DZD\IURPWKHHGJHRIGRFNV IRUWKH5HDFK6WDFNHU
8QGHUDOOWUDYHOFRQGLWLRQVRSHUDWHWKH5HDFK6WDFNHUDW (DFKWLPHWKH5HDFK6WDFNHULVVWDUWHGWKHRSHUDWRUPXVW
DVSHHGWKDWZLOOSHUPLWLWWREHEURXJKWWRDVWRSLQDVDIH FKHFNLIWKHLQGLFDWRUOLJKWVIRUWKH/0, /RDG
PDQQHU 0RPHQW,QGLFDWRU IXQFWLRQDVLQGLFDWHGLQ7DEOH
$IWHUWKHNH\VZLWFKLV21WKHZDUQLQJOLJKWVDQGDXGLEOH
DODUPZLOOEHRQIRUDSSUR[LPDWHO\RQHVHFRQG


2SHUDWLQJ3URFHGXUHV

6WDELOL]HU2SHUDWLRQ ‡ 'ULYLQJVSHHGLV]HUR

'HVFULSWLRQ ‡ /RDGUDGLXVLVDWOHDVWP IW 

$SSO\LQJWKHVWDELOL]HUVSURYLGHVDGGLWLRQDOOLIWLQJFDSDFLW\ $SSO\LQJWKH6WDELOL]HU
ZLWKWKHERRPH[WHQGHG:KHQSLFNLQJXSDORDGZLWKWKH :KHQWKHDERYHFRQGLWLRQVDUHPHWWKHVWDELOL]HULVDOORZHG
ERRPH[WHQGHGWKHRSHUDWRUFDQILUVWWU\WROLIWLWZLWKRXWXVLQJ WRPRYHGRZQDQGWKHEDFNJURXQGFRORURILFRQZLOOEH
WKHVWDELOL]HU,IWKHORDGLVWRRKHDY\ UHGLQGLFDWRUOLJKWRIWKH OLJKWJUH\6HH)LJXUH,IWKHVWDELOL]HULV127DOORZHGWR
/0,FRPHV21 WKHVWDELOL]HUFDQEHDSSOLHGWRSURYLGH PRYHGRZQWKHEDFNJURXQGFRORUZLOOEHGDUNJUH\DQGFRQ
DGGLWLRQDOOLIWLQJFDSDFLW\:KHQGHSRVLWLQJDFRQWDLQHUWKH GLWLRQVKDYHWREHFRUUHFWHG3XVKDQGKROGWKH6WDELOL]HU
9LHZGLVSOD\ZLOOVKRZWKHZHLJKWRIWKHFRQWDLQHU7KHORDG 'RZQ%XWWRQ ) XQWLOWKHVWDELOL]HUV\PERODSSHDUVRQWKH
FKDUWZLOOLQGLFDWHLIWKHFDSDFLW\LVVXIILFLHQWIRUWKHGLVWDQFH 6WDELOL]HU'ULYH0RGH,QGLFDWRUOLJKW LWHP ,IVWDELOL]HU
URZ DWZKLFKWKHFRQWDLQHULVWREHGHSRVLWHGRULILWZLOOEH PRYHPHQWLVDOORZHGDQGWKHVWDELOL]HU'2:1EXWWRQ ) LV
UHTXLUHGWRDSSO\WKHVWDELOL]HU%HIRUHDSSO\LQJWKHVWDELOL]HU EHLQJSXVKHGWKHEDFNJURXQGFRORURILWHPLVJUHHQDQG
SRVLWLRQWKH5HDFK6WDFNHUDVFORVHDQGDVDOLJQHGDVSRV WKHLFRQLWVHOIWXUQVUHG:KHQWKHVWDELOL]HUKDVQRWUHDFKHG
VLEOHWRWKHILQDOSRVLWLRQRIWKHFRQWDLQHU WKHVWDELOL]HUGRZQSRVLWLRQLFRQ 6WDELOL]HU'ULYH0RGH
$FWLYDWLRQRIWKHVWDELOL]HUV\VWHPLVLQLWLDWHGE\WKHRSHUDWRU ,QGLFDWRUOLJKW ZLOOEH\HOORZ:KHQWKHVWDELOL]HUV\PEROLV
E\SXVKLQJEXWWRQV))RQWKH9,(:GLVSOD\6HH VKRZQDWLFRQDOOUHTXLUHPHQWVIRUWKHSURSHUXVHRIWKH
7DEOH%HIRUHSXVKLQJWKHVWDELOL]HU'2:1EXWWRQ )  VWDELOL]HUDUHPHWDQGWKH/0,ZLOOUHIHUWRWKHFDSDFLWLHVWKDW
PDNHVXUHWKHUHDUHQRREVWDFOHVXQGHUWKHVWDELOL]HUSODWH UHODWHWRVWDELOL]HUDSSOLHG
DQGWKDWWKHSODWHZLOOEHVXSSRUWHGE\DVROLGDQGOHYHOVXU 5HWXUQLQJWR'ULYH0RGH
IDFH5HTXLUHGFRQGLWLRQVWKDWDOORZWKHVWDELOL]HUWRPRYHDUH
DVIROORZV :KHQFRQGLWLRQVDUHPHWWRPRYHWKHVWDELOL]HUXSWKHEDFN
JURXQGFRORURILFRQZLOOEHOLJKWJUH\,IWKHVWDELOL]HULV
‡ 3DUNEUDNHDSSOLHG 127DOORZHGWRPRYHXSWKHEDFNJURXQGFRORUZLOOEHGDUN


2SHUDWLQJ3URFHGXUHV
JUH\DQGFRQGLWLRQVKDYHWREHFRUUHFWHG3XVKDQGKROGWKH /RDG+DQGOLQJ+RZWR+DQGOH&RQWDLQHUV
6WDELOL]HU83%XWWRQ ) XQWLOWKHWLUHV\PERODSSHDUVRQWKH
6WDELOL]HU'ULYH0RGH,QGLFDWRUOLJKW LWHP ,IVWDELOL]HU 7KHIROORZLQJGLVFXVVLRQGHVFULEHVWKHXVHRIWKHWR
PRYHPHQWLVDOORZHGDQGWKH6WDELOL]HU83%XWWRQ ) LV IRRWH[WHQGDEOHDWWDFKPHQWXVHGIRUKDQGOLQJFRQWDLQHUV
EHLQJSXVKHGZKHQDOORZHGWKHEDFNJURXQGFRORURILWHP
LVJUHHQDQGWKHLFRQLWVHOIWXUQVUHG:KHQWKHVWDELOL]HUKDV :$51,1*
QRWUHDFKHGWKHVWDELOL]HU83SRVLWLRQLFRQ 6WDELOL]HU )DLOXUHWRIROORZWKHVHLQVWUXFWLRQVFDQFDXVHVHULRXV
'ULYH0RGH,QGLFDWRUOLJKW ZLOOEH\HOORZ$WLUHV\PEROLV LQMXU\RUGHDWK
VKRZQZKHQDOOUHTXLUHPHQWVDUHPHWWRGULYHWKH5HDFK )ROORZWKHVHLQVWUXFWLRQVDQGWKHRSHUDWLQJLQVSHFWLRQDQG
6WDFNHUDQGWKH/0,UHIHUVWRWKHFDSDFLWLHVWKDWUHODWHWR PDLQWHQDQFHLQVWUXFWLRQVLQWKH0DLQWHQDQFH6FKHGXOH
VWDELOL]HUQRWDSSOLHG
%HIRUHXVLQJWKHFRQWDLQHUDWWDFKPHQWLQVSHFWWKHDWWDFK
:KHQWKHVWDELOL]HULVQRWFRPSOHWHO\XSDQDODUPZLOOVRXQG PHQWIRUGDPDJHDQGPDNHVXUHDOORIWKHFRQWUROVRSHUDWH
ZKHQWKHVWHHULQJZKHHOLVPRYHG7KLVLVWRUHPLQGWKHGULYHU DVVSHFLILHGLQ)LJXUH
WKDWKHVKRXOGQRWGULYHWKH5HDFK6WDFNHU
$OZD\VSXWWKHDWWDFKPHQWLQWKHFHQWHURIWKH5HDFK
5HDU7LUH/LIH(QKDQFHPHQW6\VWHP 6WDFNHUZKHQQRWFDUU\LQJDFRQWDLQHU8VHWKHVLGHVKLIW
7KLVV\VWHPZDUQVWKHRSHUDWRUIRUH[FHVVLYHWLUHZHDUDWWKH IXQFWLRQWRSXWWKHDWWDFKPHQWLQWKHFHQWHUSRVLWLRQ
VWHHULQJZKHHOV:HDULQFUHDVHVZLWKLQFUHDVHGGULYLQJ 8VHWKHVLGHVKLIWIXQFWLRQWRNHHSWKHFRQWDLQHUDVOHYHODV
VSHHGDQGORDG7RUHGXFHWKHORDGRQWKHUHDUWLUHVZKHQ SRVVLEOHZKHQFDUU\LQJDFRQWDLQHU
GULYLQJHPSW\WKHERRPPXVWEHH[WHQGHG7KLVV\VWHPLV
VWDQGDUGRQWUXFNVZLWK[WLUHVDQGDQRSWLRQRQWUXFNV :DWFKWKHFOHDUDQFHDURXQGWKHZKROHOHQJWKRIWKHFRQ
ZLWK[WLUHV WDLQHU


2SHUDWLQJ3URFHGXUHV
2QO\KDQGOHORDGVZLWKLQWKHUDWHGFDSDFLW\RIWKH5HDFK IXQFWLRQVWRSRVLWLRQWKHDWWDFKPHQWDFFXUDWHO\RYHUWKHFRQ
6WDFNHU5HIHUWRWKHQDPHSODWHDQGWKHFDSDFLW\FKDUWPRXQ WDLQHUFRUQHUV
WHGRQWKH5HDFK6WDFNHU6HH)LJXUH
:KHQWKHDWWDFKPHQWLVDOLJQHGZLWKWKHFRQWDLQHUORZHU
$OZD\VEHFDUHIXORIZLQGVZKLOHKDQGOLQJFRQWDLQHUV WKHDWWDFKPHQWVRWKDWWKHWZLVWORFNVHQWHUWKHFRUQHUVRIWKH
6WURQJZLQGIRUFHRQUDLVHGFRQWDLQHUVFDQWLSWKH5HDFK FRQWDLQHU7KHDPEHUOLJKWVXQGHUWKHERRPDQGRQWKHFRQ
6WDFNHU'RQRWVWDFNFRQWDLQHUVLQZLQGVDERYHNPK WDLQHUKDQGOHUFRQWUROER[ZLOOEH21ZKHQDOOIRXUFRUQHUVRI
PSK  WKHDWWDFKPHQWDUHVHDWHGZLWKWKHFRQWDLQHU
+RZWR3LFN8SD&RQWDLQHU ,IDOOIRXUDPEHUOLJKWVDUH12721&$5()8//<OLIWWKH
VSUHDGHUMXVWIUHHRIWKHFRQWDLQHUDQGUHDGMXVWWKHSRVLWLRQ
127(7KHDWWDFKPHQWPD\RQO\EHXVHGWROLIWIRRWDQG
RIWKHVSUHDGHU
IRRWFRQWDLQHUV,IWKHDWWDFKPHQWLVHTXLSSHGZLWKVWRSV
WKHQDOVRIRRWFRQWDLQHUVFDQEHOLIWHG :KHQVHDWHGWKHWZLVWORFNVZLOODXWRPDWLFDOO\EHORFNHG
7KHJUHHQOLJKWVRQWKHFRQWUROSDQHOZLOOFRPH21ZKHQWKH
5HWUDFWWKHVWRSV RSWLRQDO DQGDGMXVWWKHOHQJWKRIWKH
WZLVWORFNVDUHLQWKHORFNSRVLWLRQ0DNHVXUHWKHLQGLFDWRU
DWWDFKPHQWWRWKHVL]HRIWKHFRQWDLQHU([WHQGWKHVWRSV
IODJVIRUWKHWZLVWORFNVDUHLQWKHORFN RUDQJHIODJ SRVLWLRQ
ZKHQWKHH[WHQVLRQEHDPVDUHFORVHWRWKHGHVLUHGIRRW
SRVLWLRQ5HOHDVHWKHVZLWFKIRUH[WHQVLRQUHWUDFWLRQZKHQ
WKHHQGSRVLWLRQKDVEHHQUHDFKHG
:$51,1*
0DNHVXUHWZLVWORFNVDUHHQJDJHGZLWKWKHFRQWDLQHU
3XWWKH5HDFK6WDFNHULQDSRVLWLRQVRWKDWWKHDWWDFKPHQW JUHHQOLJKWLV21DQGERWKRUDQJHLQGLFDWRUIODJVDUH
LVDSSUR[LPDWHO\FHQWHUHGZLWKWKHFRQWDLQHU5DLVHWKH IXOO\YLVLEOH ,IWKHJUHHQOLJKWVGRQRWFRPH21VWDUWWKH
DWWDFKPHQWKLJKHQRXJKDERYHWKHFRQWDLQHUWRSURYLGHJRRG SURFHGXUHDJDLQ,IWKHUHLVVWLOODSUREOHPFRQWDFW
YLVLELOLW\0RYHWKH5HDFK6WDFNHUDVFORVHDVSRVVLEOHWRWKH DXWKRUL]HGVHUYLFHSHUVRQQHO
VWDFNRIFRQWDLQHUV2SHUDWHWKHVLGHVKLIWURWDWHDQGERRP


2SHUDWLQJ3URFHGXUHV
,IWKHORDGLVEHLQJUHPRYHGIURPDVWDFNILUVWOLIWWKHORDG
IURPWKHVWDFNWKHQVORZO\PRYHDZD\
:KHQWKHORDGLVFOHDURIWKHVWDFNUHWUDFWWKHERRPDQGXVH
WKHVLGHVKLIWIXQFWLRQWRPRYHWKHFHQWHURIJUDYLW\RIWKHORDG
WRWKHFHQWHUOLQHRIWKHWUXFN/RZHUWKHORDGIRUWUDYHOLQJ
$OZD\VWUDYHOZLWKWKHORDGSHUSHQGLFXODUWRWKHWUXFN VFHQ
WHUOLQHDQGDVORZDVSRVVLEOHZLWKWKHERRPUHWUDFWHGDVIDU
DVDOORZHGE\WKH/0,/RZHULQJVSHHGLVFRQWUROOHGE\WKH
SRVLWLRQRIWKHVKLIWOHYHU/RZHUVORZO\DQGVPRRWKO\6ORZO\
UHWXUQWKHVKLIWOHYHUWRWKH1HXWUDOSRVLWLRQVRWKHORDGLVQRW
GURSSHGRUWKH5HDFK6WDFNHULVQRWWLSSHGRYHUGXHWRWKH
127(1(9(5VLGHVKLIWRUURWDWHWKHVSUHDGHUDQG1(9(5 UDSLGVWRSRIWKHORDG
GHUULFNH[WHQGRUUHWUDFWWKHERRPZKLOHDQ\RIWKHWZLVWORFNV
LVVWLOOHQJDJHGLQDFRUQHUFDVWLQJRIWKHFRQWDLQHU'DPDJH :$51,1*
PD\RFFXUWRWKHVSUHDGHUDQGWKHWUXFNRUDFRQWDLQHUPD\ :KHQURWDWLQJWKHFRQWDLQHUDWWDFKPHQWZLWKWKHRYHU
EHDFFLGHQWDOO\PRYHGFDXVLQJLWWRIDOO ULGHVZLWFKXVHFDXWLRQ7KHFRQWDLQHUFDQKLWWKHERRP
RURSHUDWRUVFRPSDUWPHQWFDXVLQJDQDFFLGHQWLQMXU\
:KHQWKHVSUHDGHUKDVEHHQFRUUHFWO\SRVLWLRQHGWKH
RUGHDWK
WZLVWORFNVZLOOHQWHUWKHFRUQHUFDVWLQJVDQGDOOIRXUDPEHU
OLJKWVZLOOEH21DIWHUWKHVSUHDGHULVORZHUHGRQWKHFRQ 0RYHWKHFRQWDLQHU6HH7UDYHOLQJZLWKD&RQWDLQHURU
WDLQHU 7UDLOHU
,IWKHORDGLVEHLQJUHPRYHGIURPDVWDFNILUVWOLIWWKHORDG
IURPWKHVWDFNWKHQVORZO\PRYHDZD\


2SHUDWLQJ3URFHGXUHV
7UDYHOLQJZLWKD&RQWDLQHURU7UDLOHU 8QORFNWKHWZLVWORFNV0DNHVXUHWKHUHGOLJKWVDUH2))
DQGWKHDPEHUOLJKWVDUH21&KHFNWKDWWKHLQGLFDWRUIODJV
0RYHWKHFRQWDLQHURUWUDLOHULQWRWKHWUDYHOSRVLWLRQ8VH
DUHLQWKHGLVHQJDJHGSRVLWLRQ
WKHVLGHVKLIWIXQFWLRQWRPRYHWKHFHQWHURIJUDYLW\RIWKHORDG
WRWKHFHQWHUOLQHRIWKHWUXFN5RWDWHWKHDWWDFKPHQWXQWLOLW 127(7KHDXGLEOHDODUPRQWKHFRQWDLQHUKDQGOHUFRQWURO
LVSHUSHQGLFXODUWRWKHWUXFNFHQWHUOLQH5HWUDFWWKHERRPDV ER[ZLOOVRXQGZKHQWKHWZLVWORFNVZLWFKLVSXVKHGWRXQORFN
IDUDVSRVVLEOH'HUULFNWKHERRPXQWLOWKHERWWRPRIWKHFRQ WKHWZLVWORFNV,IIRUDQ\UHDVRQWKHWZLVWORFNVGRQRWPRYH
WDLQHURUWUDLOHULVP IW KLJKHUWKDQWKHRSHUDWRUVHDW WRWKHXQORFNSRVLWLRQWKHDODUPZLOOFRQWLQXHWRVRXQG
$GMXVWWUDYHOVSHHGDFFRUGLQJFLUFXPVWDQFHV7UDYHO /LIWWKHVSUHDGHUIURPWKHFRQWDLQHUDQGPRYHWKH5HDFK
VSHHGLQGXFHVIRUFHVWKDWDIIHFWWUXFNVWDELOLW\ZKHQEUDNLQJ 6WDFNHU
VWHHULQJDQGZKHQGULYLQJRYHUXQHYHQVXUIDFHV5HGXFH
WUDYHOVSHHGZKHQDSSURDFKLQJDUHDVWKDWPD\UHTXLUHVXG /RDG+DQGOLQJ
GHQEUDNLQJDQGRUVWHHULQJ/LPLWWUXFNVSHHGWRZDONLQJ %HIRUHXVLQJWKHLQWHUPRGDOVSUHDGHUPDNHVXUHDOORIWKH
VSHHGZKHQFURVVLQJXQHYHQVXUIDFHV FRQWUROVRSHUDWHDVVSHFLILHGLQ)LJXUH7KHVSHHGRIWKH
+RZWR'HSRVLWD&RQWDLQHU ERRPLVFRQWUROOHGE\WKHSRVLWLRQRIWKHVKLIWOHYHUDQGWKH
VSHHGRIWKHHQJLQH7KHIXUWKHUWKHVKLIWOHYHULVPRYHGIURP
3XWWKHFRQWDLQHURQDQHYHQVXUIDFHRUDQRWKHUFRQWDLQHU WKH1(875$/SRVLWLRQWKHIDVWHUWKHVSHHGRIWKHK\GUDXOLF
%HFDUHIXOQRWWRGDPDJHRUPRYHDGMDFHQWFRQWDLQHUV IXQFWLRQ
/RZHUWKHVSUHDGHUXQWLOWKHDPEHUOLJKWVFRPH21 2QO\KDQGOHORDGVZLWKLQWKHUDWHGFDSDFLW\RIWKH5HDFK
6WDFNHU5HIHUWRWKHQDPHSODWHDQGWKHFDSDFLW\FKDUWPRXQ
&$87,21 WHGRQWKH5HDFK6WDFNHU6HH)LJXUH
'RQRWKLWWKHVSUHDGHURQRWKHUFRQWDLQHUVRUREMHFWV
7KHVSUHDGHUFDQEHGDPDJHGE\KLWWLQJRWKHULWHPV +DQGOHRQO\VWDEOHORDGV'RQRWOLIWRUKLWDQ\WKLQJWKDWFDQ
IDOORQWKHRSHUDWRURUDE\VWDQGHU


2SHUDWLQJ3URFHGXUHV
+DQGOHRQO\EDODQFHGORDGV +RZWR3LFNXSD7UDLOHU
&KHFNWKHFRQGLWLRQRIWKHGULYLQJVXUIDFH5RXJKWHUUDLQRU
&$87,21
VORSHVFDQDIIHFWORDGKDQGOLQJ:KHQVXFKFRQGLWLRQVH[LVW
0DNHVXUHWKDWWKHUHLVVXIILFLHQWVSDFHDWERWKVLGHVRI
WKHRSHUDWRUPXVWUHGXFHVSHHGDQGWKHORDGPRPHQWVR
WKHWUDLOHUWRDOORZIUHHPRYHPHQWRIWKHOHJV
WKDWWKH5HDFK6WDFNHUZLOOUHPDLQVWDEOH
5HWUDFWWKHH[WHQVLRQEHDPV5DLVHWKHDWWDFKPHQWDERYH
$YRLGIDVWVWDUWV6XGGHQPRYHPHQWFDQFDXVHWKH5HDFK
WKHKHLJKWRIWKHWUDLOHU8QIROG ORZHU WKHUHDUOHJVFORVHVW
6WDFNHUWRWLS3HRSOHFDQEHKXUWRUNLOOHGDQGPDWHULDOFDQ
WRWKHRSHUDWRU'ULYHWKH5HDFK6WDFNHUWRZDUGVWKHWUDLOHU
EHGDPDJHG
XQWLOWKHUHDUOHJVDUHDWDGLVWDQFHRIDERXWFP LQ WR
0RYHIRUZDUGVORZO\DQGDSSURDFKWKHORDGFDUHIXOO\0DNH WKHWUDLOHU2SHUDWHWKHVLGHVKLIWURWDWHDQGERRPIXQFWLRQV
VXUHWKDWWKH5HDFK6WDFNHULVSHUSHQGLFXODUWRWKHWUDLOHU WRSUHSRVLWLRQWKHUHDUOHJVIRUFODPSLQJWKHWUDLOHUEXWGR
5DLVHWKHVSUHDGHUWRWKHSURSHUKHLJKWIRUHQJDJLQJWKHORDG QRW\HWFODPS
.HHSWKH5HDFK6WDFNHUDQGVSUHDGHUSHUSHQGLFXODUWRWKH /RZHUWKHIURQWOHJV&KHFNWKHOLJKWVRQWKHERRP7KH
ORDG UHGOLJKWZLOOEH21DVWKHIURQWOHJVDUHORZHULQJ7KHUHG
OLJKWZLOOEH2))ZKHQWKHIURQWOHJVDUHFRPSOHWHO\ORZHUHG
$OZD\VZDWFKFOHDUDQFHVDURXQGWKHZKROHOHQJWKRIWKH
0DNHVXUHWKHVSUHDGHULVLQWKHFHQWHUDSSUR[LPDWHO\RYHU
WUDLOHU$YRLGKLWWLQJREMHFWVVXFKDVVWDFNHGPDWHULDOWKDWFDQ
WKHWUDLOHU8VHWKHVLGHVKLIWDQGURWDWHIXQFWLRQVWRDOLJQWKH
IDOO
VSUHDGHUZLWKWKHWUDLOHU
$OZD\VNHHSWKHWUDLOHUDVOHYHODVSRVVLEOH
:KHQWKHVSUHDGHULVDOLJQHGZLWKWKHWUDLOHUHQJDJHWKH
$OZD\VEHFDUHIXORIZLQGVZKLOHKDQGOLQJWUDLOHUV6WURQJ OHJVWRWKHWUDLOHU7KHDPEHUOLJKWVRQWKHERRPLQGLFDWHWKH
ZLQGVRQUDLVHGFRQWDLQHUVFDQWLSWKH5HDFK6WDFNHU'RQRW OHJVDUHFODPSHGWRWKHWUDLOHU%RWKDPEHUOLJKWVZLOOEH21
VWDFNFRQWDLQHUVLQZLQGVDERYHNPK PSK  ZKHQDOOIRXUOHJVDUHLQFRQWDFWZLWKWKHWUDLOHU/LIWVOLJKWO\


2SHUDWLQJ3URFHGXUHV
WKHJUHHQOLJKWZLOOEH21ZKHQDOOIRXUVKRHVRIWKHOHJVDUH 2SHQWKHOHJVIURPWKHFRQWDLQHU0DNHVXUHWKHDPEHU
HQJDJHGSURSHUO\ZLWKWKHWUDLOHU OLJKWVDUH2))

:$51,1* &$87,21
0DNHVXUHWKHOHJVDUHFODPSHGWRWKHWUDLOHUDPEHU 'RQRWKLWWKHVSUHDGHURUOHJVRQRWKHUFRQWDLQHUVRU
OLJKWVRQLQVWUXPHQWSDQHODQGDPEHUERRPOLJKWV21,I REMHFWV7KHVSUHDGHUFDQEHGDPDJHGE\KLWWLQJRWKHU
WKHJUHHQOLJKWVGRQRWFRPHRQVWDUWWKHSURFHGXUH REMHFWV
DJDLQDWVWHS,IWKHUHLVVWLOODSUREOHPFDOOIRUDXWKRU 5DLVHWKHIURQWOHJVWRWKHXSSRVLWLRQUHGOLJKWV2))DQG
L]HGVHUYLFHSHUVRQQHO PRYHWKH5HDFK6WDFNHU
5DLVHWKHERRPIRUWUDYHOLQJ$OZD\VWUDYHOZLWKWKHORDG
DVORZDVSRVVLEOH/RZHUVORZO\DQGVPRRWKO\6ORZO\UHWXUQ
6\VWHP,QWHUUXSWV
WKHVKLIWOHYHUWRWKH1(875$/SRVLWLRQVRWKDWWKHORDGLV ,QDGGLWLRQWRWKH/0,V\VWHPDQGWKH'HJUHH5RWDWLRQ
QRWGURSSHGRUWKDWWKH5HDFK6WDFNHULVQRWWLSSHGRYHUGXH /LPLWWKHUHDUH6\VWHP,QWHUUXSWVZKLFKSURWHFWWKHERRP
WRWKHUDSLGVWRSRIWKHORDG DQGWKHDWWDFKPHQWGXULQJSRVLWLRQLQJDQGORFNLQJRQDFRQ
0RYHWKHWUDLOHU6HH7UDYHOLQJZLWKD&RQWDLQHURU WDLQHU
7UDLOHU :KHQD6\VWHP,QWHUUXSWLVDFWLYDWHGWKHDXGLEOHDODUPDQG
+RZWR'HSRVLWD7UDLOHU WKHEOXH/('RQWKH&RQWDLQHU+DQGOHU&RQWURO%R[DUH21

3XWWKHWUDLOHURQDQHYHQVXUIDFH8VHFDXWLRQQRWWRGDP &KHFNWKHDWWDFKPHQWLQGLFDWRUOLJKWVDQGHVWDEOLVKZKLFK
DJHRUPRYHDGMDFHQWWUDLOHUVRUFRQWDLQHUV DFWLRQLVUHTXLUHGEHIRUHSURFHHGLQJ

/RZHUWKHVSUHDGHUWRUHOHDVHWKHOHJVIURPWKHFRQWDLQHU
7KHJUHHQOLJKWVZLOOJR2))DQGWKHDPEHUOLJKWVZLOOUHPDLQ
21


2SHUDWLQJ3URFHGXUHV
7KH/RZHULQJ,QWHUUXSWVWRSVIXUWKHUGHUULFNLQJGRZQDQG 'HJUHH5RWDWLRQ2YHUULGH
UHWUDFWLRQRIWKHERRPZKHQWKHVHDWHGVLJQDOKDVEHHQDFWL
YDWHG7KLVLVWRSUHYHQWSXVKLQJRIWKHDWWDFKPHQWRQWKH :$51,1*
FRQWDLQHU 8VHFDXWLRQZKHQURWDWLQJWKHDWWDFKPHQWEH\RQGWKH
7KH/LIW,QWHUUXSWVWRSVGHUULFNLQJXSDQGH[WHQVLRQRIWKH GHJUHHURWDWLRQOLPLW:KHQURWDWLQJPRUHWKDQ
ERRPZKHQWKHWZLVWORFNVDUHLQEHWZHHQWKHORFNHGDQG GHJUHHVWKHDWWDFKPHQWFRQWDLQHURUWUDLOHUFDQKLWWKH
XQORFNHGSRVLWLRQ ERRPRURSHUDWRU¶VFRPSDUWPHQWFDVLQJDQDFFLGHQW
LQMXU\RUGHDWK
6\VWHP,QWHUUXSW2YHUULGHV
7KHURWDWHGSRVLWLRQRIWKHDWWDFKPHQWLVQRUPDOO\OLPLWHGWR
8QGHUH[FHSWLRQDOFLUFXPVWDQFHVLWPD\EHUHTXLUHGWRRYHU GHJUHHV
ULGHDV\VWHPLQWHUUXSW
7RURWDWHWKHVSUHDGHUEH\RQGWKHGHJUHHOLPLWSXVKDQG
)ROORZWKHLQVWUXFWLRQVIRUWKHGHJUHH5RWDWLRQ2YHUULGH KROGWKH2YHUULGHbuttonRQWKHTwist Lock Control Module,
WRURWDWHWKHDWWDFKPHQWEH\RQGWKHGHJUHHSRVLWLRQ DQGVLPXOWDQHRXVO\URWDWHWKHMR\VWLFN:KHQWKH Overrride
%XWWRQLVSXVKHGDOLJKW and an alarm will be ON .
)RURYHUULGLQJD6\VWHP,QWHUUXSWRUD/0,LQWHUUXSWXVHWKH

EXWWRQRQWKHTwist Lock Control ModuleWRPDQXDOO\
RYHUULGHDV\VWHPLQWHUUXSWZKLOHREVHUYLQJWKHUHVSHFWLYH 7KHRYHUULGHEXWWRQFDQEHUHOHDVHGDIWHUWKHDWWDFKPHQWKDV
ZDUQLQJV URWDWHGEH\RQGWKHGHJUHHOLPLW
$OZD\VEHH[WUDFDUHIXOZKHQXVLQJDQRYHUULGHIXQFWLRQ 7KHRYHUULGHEXWWRQPXVWEHSXVKHGDJDLQWRUHWXUQWRDURWD
WLRQDQJOHEHORZWKHGHJUHHOLPLW


2SHUDWLQJ3URFHGXUHV

/0,2YHUULGH /LIW,QWHUUXSW2YHUULGH

:$51,1* :$51,1*
1HYHUXVHWKHRYHUULGHIXQFWLRQGXULQJQRUPDORSHUD 1HYHUOLIWDFRQWDLQHUZKHQWKH/LIW,QWHUUXSWLVDFWLYDWHG
WLRQ,IQRWKDQGOHGFRUUHFWO\WKHWUXFNFDQWLSRYHU RUSHUVRQDOLQMXU\PD\RFFXU
/0,LQWHUUXSWVFDQEHE\SDVVHG E\XVLQJWKHRYHUULGHEXWWRQ 1HYHUXVHWKHRYHUULGHIXQFWLRQZKHQWKHFRQWDLQHULV
RQWKH&RQWDLQHU+DQGOHU&RQWURO%R[DQGRSHUDWHWKHMR\ QRWSURSHUO\SRVLWLRQHGRQVXUIDFHRURWKHUFRQWDLQHU
VWLFNDWWKHVDPHWLPH
'XULQJORFNLQJRUXQORFNLQJRIWKHWZLVWORFNVOLIWLQJLVGLVD
(PHUJHQF\/RZHULQJ EOHG7KHEOXH/('RQWKH&RQWDLQHU+DQGOHU&RQWURO%R[LV
21WRLQGLFDWHDFWLYDWLRQRIWKHOLIWLQWHUUXSW
:$51,1* ,IRQHRIWKHWZLVWORFNVLVQRWDEOHWRFRPSOHWHWKHURWDWLRQ
1HYHUXVHWKHRYHUULGHIXQFWLRQGXULQJQRUPDORSHUD PRYHPHQWLWFDQEHGHVLUHGWROLIWWKHDWWDFKPHQWVOLJKWO\
WLRQ,IQRWKDQGOHGFRUUHFWO\WKHWUXFNFDQWLSRYHU
7XUQWKHRYHUULGHNH\VZLWFKRQWKH&RQWURO%R[LQWKH21
,QFDVHRIDQHPHUJHQF\ OLNHDQHQJLQHRUK\GUDXOLFIDLOXUH SRVLWLRQSXVKDQGKROGWKHRYHUULGHEXWWRQDQGRSHUDWHWKH
WKHORDGFDQEHORZHUHGE\XVLQJWKHRYHUULGHEXWWRQRQWKH OLIWOHYHUWRPRYHWKHDWWDFKPHQWVOLJKWO\
&RQWDLQHU+DQGOHU&RQWURO%R[0DNHVXUHWKHRSHUDWRULV
VHDWHGDQGWKHLJQLWLRQLVVZLWFKHG213XVKWKHRYHUULGH /RZHULQJ,QWHUUXSW2YHUULGH
EXWWRQDQGUHWUDFWWKHERRP'RQRWORZHUWKHERRPXQWLOWKH
/RZHULQJLVGLVDEOHGZKHQWKHIRXUDWWDFKPHQWFRUQHUVKDYH
ERRPLVFRPSOHWHO\UHWUDFWHG
SURYLGHGDVHDWHGVLJQDO
$IWHUWKHERRPLVUHWUDFWHGGHUULFNGRZQXQWLOWKHORDGLVRQ
,IRQHRIWKHWZLVWORFNVLVQRWDEOHWRFRPSOHWHWKHURWDWLRQ
WKHJURXQG
PRYHPHQWLWFDQEHGHVLUHGWRIXUWKHUORZHUWKHDWWDFKPHQW
VOLJKWO\


2SHUDWLQJ3URFHGXUHV
7XUQWKHRYHUULGHNH\VZLWFKRQWKH&RQWURO%R[LQWKH21 /RDG+DQGOLQJ8VLQJD6OLQJ
SRVLWLRQSXVKDQGKROGWKHRYHUULGHEXWWRQZKLOHWKHORZHULQJ
FRPPDQGLVJLYHQ :$51,1*
:KHQRSHUDWLQJWKHOLIWIXQFWLRQDJDLQLQLWLDOO\PRYHWKHOLIW )DLOXUHWRIROORZWKHVHLQVWUXFWLRQVFDQFDXVHVHULRXV
OHYHUJHQWO\WRPDNHVXUHWKDWWKHWZLVWORFNVFDUU\WKHORDG LQMXU\RUGHDWK
EHIRUHOLIWLQJDWVSHHG )ROORZWKHVHLQVWUXFWLRQVDQGWKHRSHUDWLRQLQVSHFWLRQV
7ZLVW/RFN2YHUULGH DQGPDLQWHQDQFHLQVWUXFWLRQVLQ0DLQWHQDQFH6FKHGXOH
%HIRUHXVLQJDVOLQJLQVSHFWLWIRUGDPDJH%HVXUHLWLVLQ
:$51,1* JRRGFRQGLWLRQDQGKDVDGHTXDWHFDSDFLW\IRUORDGWREH
1HYHUXVHWKHRYHUULGHIXQFWLRQZKHQWKHFRQWDLQHULV KDQGOHG
QRWSURSHUO\SRVLWLRQHGRQWKHJURXQGRUDQRWKHUFRQ
:DWFKWKHFOHDUDQFHDURXQGWKHHQWLUHORDG
WDLQHURUSHUVRQDOLQMXU\PD\RFFXU
+DQGOHRQO\ORDGVZLWKLQWKHFDSDFLW\OLPLWVDVVKRZQRQ
&LUFXPVWDQFHVPD\SUHYHQWURWDWLRQRIWKHWZLVWORFNVLQWRWKH
WKHFDSDFLW\FKDUWPRXQWHGRQWKH5HDFK6WDFNHU
ORFNHGRUXQORFNHGSRVLWLRQ7KHWZLVWORFNRYHUULGHIXQFWLRQ
DOORZVLQLWLDWLRQRUUHYHUVDORIWZLVWORFNURWDWLRQ /RDGVZLQJPXVWEHOLPLWHGLQDOOGLUHFWLRQV6HFXUHORDG
WRWKH5HDFK6WDFNHUIUDPHZLWKURSHVFKDLQVRUIL[WXUHV
0DNHVXUHWKHFRQWDLQHULVSURSHUO\SRVLWLRQHGRQWKHJURXQG
6HH)LJXUHIRUORFDWLRQRIWLHGRZQ$GGLWLRQDOWLHSRLQWV
RUDQRWKHUFRQWDLQHU
FDQEHDGGHG&RQWDFW\RXUDXWKRUL]HG+\VWHUGHDOHU
7XUQWKHRYHUULGHNH\VZLWFKRQWKH&RQWURO%R[LQWKH21
SRVLWLRQSXVKDQGKROGWKHRYHUULGHSXVKEXWWRQDQGRSHUDWH
WKHWZLVWORFNVZLWFKWRORFNRUWRXQORFN


2SHUDWLQJ3URFHGXUHV

'RFNV

:$51,1*
0DLQWDLQDVDIHGLVWDQFHIURPWKH
HGJHRIGRFNVUDPSVSODWIRUPV
DQGRWKHUVLPLODUZRUNLQJVXUIDFHV
:DWFKWKHWDLOVZLQJ5HPHPEHU
ZKHQWUDYHOLQJLQWKH)25:$5'
GLUHFWLRQDQGWKHVWHHULQJZKHHOLV
WXUQHGWRPRYHWKH5HDFK6WDFNHU
 7,('2:132,176 DZD\IURPWKHHGJHRIWKHGRFNWKH
UHDUZLOOVZLQJWRZDUGWKHHGJH
)LJXUH7LH'RZQ3RLQWVWR/LPLW/RDG6ZLQJ
7KLVFDQFDXVHWKH5HDFK6WDFNHU
WRIDOORIIWKHGRFN

:$51,1*
,)7+(5($&+67$&.(5)$//62))7+('2&.'2
127-8032))+2/'),50/<7267((5,1*:+((/
%5$&(<285)((7$1'/($1)25:$5'$1'$:$<
)5207+(32,172),03$&7


2SHUDWLQJ3URFHGXUHV

$WWDFKPHQWV 6WRSSLQJ
6WRSWKH5HDFK6WDFNHUDVJUDGXDOO\DVSRVVLEOH+DUGEUDN
:$51,1*
LQJDQGZKHHOVOLGLQJFDQFDXVHWKH5HDFK6WDFNHUWRWLSIRU
0DNHVXUHWKH1DPHSODWHLVFRUUHFWLIDQDWWDFKPHQWKDV
ZDUGDQGGDPDJHWKHORDGRUKXUWVRPHRQH
EHHQLQVWDOOHG

$WWDFKPHQWVPXVWEHUHPRYHGRULQVWDOOHGE\WUDLQHGSHU
VRQQHORQO\


2SHUDWLQJ3URFHGXUHV

3DUNLQJ &$87,21
127(7KHSDUNLQJEUDNHZKHQLQJRRGFRQGLWLRQDQGFRU 7KHWXUERFKDUJHUFDQEHVHYHUHO\GDPDJHGZKHQ
UHFWO\DGMXVWHGZLOOKROGD5HDFK6WDFNHUZLWKDFDSDFLW\ORDG VZLWFKLQJRIIDKRWHQJLQHZKHQWKHWRPLQXWHLGOH
RQDJUDGH>DVORSHWKDWLQFUHDVHVLQP LQ SHULRGLVQRWSHUIRUPHG
IW @ $OORZWKHWXUERFKDUJHURIWKHHQJLQHWRFRROGRZQDQGWR
127('RQRWSDUNWKH5HDFK6WDFNHUVRWKDWLWOLPLWVDFFHVV REWDLQWKHORZHVWSRVVLEOHWXUERVSHHGEHIRUHVWRSSLQJWKH
WRILUHDLVOHVVWDLUZD\VDQGILUHHTXLSPHQW HQJLQH,IHQJLQHFRRODQWWHPSHUDWXUHLVORZWRPRGHUDWH
NHHSWKHHQJLQHDWORZHVWLGOHIRUPLQXWHVEHIRUHWXUQLQJ
7KHRSHUDWRUPXVWQHYHUOHDYHD5HDFK6WDFNHULQDFRQGLWLRQ WKHNH\VZLWFKWR2)),IHQJLQHWHPSHUDWXUHLVKLJKNHHS
VRWKDWLWFDQFDXVHGDPDJHDQGLQMXU\:KHQSDUNLQJWKH WKHHQJLQHDWORZHVWLGOHIRUDWOHDVWPLQXWHVEHIRUHWXUQLQJ
5HDFK6WDFNHUGRWKHIROORZLQJRSHUDWLRQV WKHNH\VZLWFKWR2))
6WRSWKH5HDFK6WDFNHUDQGDSSO\WKHSDUNLQJEUDNH ,IWKH5HDFK6WDFNHUPXVWEHOHIWRQDQLQFOLQHSXWEORFNV
5DLVHWKHOHJVRQDQLQWHUPRGDOVSUHDGHU5HWUDFWWKH RQWKHGRZQKLOOVLGHRIWKHZKHHOVVRWKDWWKH5HDFK6WDFNHU
VSUHDGHUWRWKHIRRWSRVLWLRQ)XOO\UHWUDFWDQGORZHUWKH FDQQRWPRYH
ERRP
3XWWKHVKLIWOHYHUIRUWKHWUDQVPLVVLRQLQ1(875$/


MAINTENANCE MANUAL

Reachstacker
RS45-27CH, RS45-31CH

SECTION II

DO NOT REMOVE THIS MANUAL FROM THIS UNIT

PART NO. : 4135478


0DLQWHQDQFH

0DLQWHQDQFH
*HQHUDO :$51,1*
7KLVVHFWLRQFRQWDLQVD0DLQWHQDQFH6FKHGXOHDQGWKH '2127PDNHUHSDLUVRUDGMXVWPHQWVXQOHVV\RXKDYH
LQVWUXFWLRQVIRUPDLQWHQDQFHDQGLQVSHFWLRQ ERWKDXWKRUL]DWLRQDQGWUDLQLQJ5HSDLUVDQGDGMXVW
PHQWVWKDWDUHQRWFRUUHFWFDQPDNHDGDQJHURXVRSHU
7KH0DLQWHQDQFH6FKHGXOHKDVWLPHLQWHUYDOVIRULQVSHF DWLQJFRQGLWLRQ
WLRQOXEULFDWLRQDQGPDLQWHQDQFHIRU\RXU5HDFK6WDFNHU
7KHVHUYLFHLQWHUYDOVDUHJLYHQLQERWKRSHUDWLQJKRXUVUHFRU '2127RSHUDWHD5HDFK6WDFNHUWKDWQHHGVUHSDLUV
GHGRQWKH5HDFK6WDFNHUKRXUPHWHUDQGLQFDOHQGDUWLPH 5HSRUWWKHQHHGIRUUHSDLUVLPPHGLDWHO\,IUHSDLULVQHF
8VHWKHLQWHUYDOWKDWRFFXUVILUVW HVVDU\SXWD'212723(5$7(WDJLQWKHRSHUDWRU V
DUHD5HPRYHWKHNH\IURPWKHNH\VZLWFK
<RXUGHDOHUIRU+\VWHU5HDFK6WDFNHUKDVWKHHTXLSPHQWDQG
WUDLQHGVHUYLFHSHUVRQQHOWRGRDFRPSOHWHSURJUDPRI :$51,1*
LQVSHFWLRQOXEULFDWLRQDQGPDLQWHQDQFH$UHJXODUSURJUDP 'LVSRVDORIOXEULFDQWVDQGIOXLGVPXVWPHHWORFDOHQYL
RILQVSHFWLRQOXEULFDWLRQDQGPDLQWHQDQFHZLOOKHOS\RXU URQPHQWDOUHJXODWLRQV
5HDFK6WDFNHUJLYHPRUHHIILFLHQWSHUIRUPDQFHDQGRSHUDWH
IRUDORQJHUSHULRGRIWLPH 6HULDO1XPEHU'DWD
6RPHXVHUVKDYHVHUYLFHSHUVRQQHODQGHTXLSPHQWWRGRWKH 7KHVHULDOQXPEHUIRUWKH5HDFK6WDFNHULVRQWKHQDPHSODWH
LQVSHFWLRQOXEULFDWLRQDQGPDLQWHQDQFHVKRZQLQWKH0DLQ DQGDOVRRQWKHULJKWKDQGIUDPHUDLOQHDUWKHFRXQWHUZHLJKW
WHQDQFH6FKHGXOH6HUYLFH0DQXDOVDUHDYDLODEOHIURP\RXU 7KHVHULDOQXPEHULQGLFDWHVWKHGHVLJQVHULHVPDQXIDFWXULQJ
GHDOHUIRU+\VWHU5HDFK6WDFNHUWRKHOSXVHUVZKRGRWKHLU SODQWDQGWKH\HDUPDQXIDFWXUHG
RZQPDLQWHQDQFH


0DLQWHQDQFH

+RZWR0RYHD'LVDEOHG5HDFK6WDFNHU ‡ 6WHHULQJGRHVQRWRSHUDWHFRUUHFWO\
‡ 7LUHVDUHGDPDJHG
:$51,1*
0DQXDOUHOHDVHRIWKHSDUNLQJEUDNHFDOLSHUZLOOUHVXOWLQ ‡ 7UDFWLRQFRQGLWLRQVDUHEDG
ORVVRIEUDNHV ‡ 7KH5HDFK6WDFNHUPXVWEHWRZHGRQDVORSH
7KHVHUYLFHEUDNHV\VWHPUHTXLUHVK\GUDXOLFSUHVVXUHWR ,IWKHHQJLQHFDQQRWUXQWKHUHLVQRSRZHUDVVLVWDYDLO
RSHUDWH7KHSDUNEUDNHZLOODXWRPDWLFDOO\DSSO\ZKHQ DEOHIRUWKHVWHHULQJDQGVHUYLFHEUDNHV7KLVFDQPDNH
K\GUDXOLFSUHVVXUHGURSV,IWKHUHLVQRK\GUDXOLFSUHVVXUHWR WKHFRQWURORIWKH5HDFK6WDFNHUGLIILFXOW3RRUWUDFWLRQ
UHOHDVHWKHSDUNLQJEUDNHWKHSDUNLQJEUDNHFDOLSHUPXVWEH FDQFDXVHWKHGLVDEOHG5HDFK6WDFNHURUWRZLQJYHKLFOH
PDQXDOO\UHOHDVHG3XWEORFNVRQERWKVLGHV IURQWDQGEDFN WRVOLGH6WHHSJUDGHVZLOOLQFUHDVHWKHUHTXLUHGEUDNH
RIWKHGULYHWLUHVWRSUHYHQWPRYHPHQWRIWKH5HDFK6WDFNHU HIIRUW
7KHSDUNLQJEUDNHFDOLSHULVLQVWDOOHGDWWKHEDFNRIWKHGLI
IHUHQWLDOKRXVLQJ7RPDQXDOO\UHOHDVHWKHSDUNLQJEUDNH 0DQXDOUHOHDVHRIWKHSDUNLQJEUDNHFDOLSHUZLOOUHVXOWLQ
UHPRYHFRWWHUSLQIURPEROWLQFDOLSHU7LJKWHQQXWWRFRP ORVVRIEUDNHV
SUHVVVSULQJWKDWDSSOLHVEUDNH 5HPRYHWKHGULYHVKDIWEHWZHHQWKHWUDQVPLVVLRQDQG
GULYHD[OH
+RZWR7RZWKH5HDFK6WDFNHU
7KHWRZHG5HDFK6WDFNHUPXVWKDYHDQRSHUDWRU
:$51,1*
7RZWKH5HDFK6WDFNHUVORZO\
'RQRWWRZWKH5HDFK6WDFNHULIDORDGLVDWWDFKHG
7RZWKH5HDFK6WDFNHUIURPOLIWLQJSRLQWVRIFRXQWHUZHLJKW
8VHH[WUDFDXWLRQZKHQPRYLQJD5HDFK6WDFNHULIDQ\RI
DWWDFKHGWRIUDPH
WKHIROORZLQJFRQGLWLRQVH[LVW
‡ %UDNHVGRQRWRSHUDWHFRUUHFWO\


0DLQWHQDQFH
,IDQRWKHU5HDFK6WDFNHULVXVHGWRWRZWKHGLVDEOHG +RZWR5DLVHWKH'ULYH7LUHV
5HDFK6WDFNHUWKDW5HDFK6WDFNHUPXVWKDYHDQHTXDORU
ODUJHUFDSDFLW\WKDQWKHGLVDEOHG5HDFK6WDFNHU $SSO\WKHSDUNLQJEUDNH3XWEORFNVRQERWKVLGHVIURQW
DQGEDFNRIWKHVWHHULQJWLUHVWRSUHYHQWPRYHPHQWRIWKH
8VHDWRZLQJOLQNPDGHRIVWHHOWKDWDWWDFKHVWRWKHOLIWLQJ 5HDFK6WDFNHU6HH)LJXUH
SRLQWVRQWKHFRXQWHUZHLJKWVRIERWK5HDFK6WDFNHUV
)XOO\ORZHUDQGUHWUDFWWKHERRP
+RZWR3XWD5HDFK6WDFNHURQ%ORFNV
8VHDK\GUDXOLFMDFNXQGHUWKHGULYHD[OHZKHUHLWVXSSRUWV
WKHIUDPH/HDYHURRPIRUEORFNVWREHSODFHGFORVHWRWKH
:$51,1*
GULYHWLUHV0DNHVXUHWKDWWKHMDFNKDVDFDSDFLW\RIDWOHDVW
7KH5HDFK6WDFNHUPXVWEHSXWRQEORFNVIRUVRPHW\SHV
NJ OE HTXDOWRDWOHDVWKDOIWKHZHLJKWRIWKH
RIPDLQWHQDQFHDQGUHSDLU7KHVXUIDFHPXVWEHVROLG
5HDFK6WDFNHU6HHWKHQDPHSODWH
HYHQDQGOHYHOZKHQWKH5HDFK6WDFNHULVSXWRQEORFNV
0DNHVXUHWKDWDQ\EORFNVXVHGWRVXSSRUWWKH5HDFK 3XWEORFNVXQGHUWKHGULYHD[OHFORVHWRWKHGULYHWLUHV
6WDFNHUDUHVROLGRQHSLHFHXQLWV'RQRWXVHFRPSR /RZHUWKHMDFNXQWLOWKHGULYHD[OHUHVWVRQWKHEORFNV
QHQWOLIWLQJSRLQWVRQWKHERRPRUIUDPHWROLIWWKH
5HDFK6WDFNHU


0DLQWHQDQFH

+RZWR5DLVHWKH6WHHU7LUHV 3ODFHDK\GUDXOLFMDFNXQGHUFHQWHURIVWHHULQJD[OHWRUDLVH
WKHVWHHULQJWLUHV0DNHVXUHWKDWWKHMDFNKDVDFDSDFLW\RI
$SSO\WKHSDUNLQJEUDNH3XWEORFNVRQERWKVLGHV IURQW DWOHDVWRIWKHWRWDOZHLJKWRIWKH5HDFK6WDFNHU6HHWKH
DQGUHDU RIWKHGULYHWLUHVWRSUHYHQWPRYHPHQWRIWKH5HDFK 1DPHSODWH
6WDFNHU6HH)LJXUH
3XWEORFNVZLWKVWHHOSODWHVXQGHUERWKVLGHVRIWKHVWHHULQJ
3XWEORFNVEHWZHHQWKHVWHHULQJD[OHDQGWKHIUDPH6HH D[OHWRVXSSRUWWKH5HDFK6WDFNHU
)LJXUH

:$51,1*
'2127SXWMDFNXQGHUWKHFRXQWHUZHLJKWWRUDLVHWKHOLIW
WUXFN


0DLQWHQDQFH

+RZWR&OHDQD5HDFK6WDFNHU

&$87,21
<RXU5HDFK6WDFNHUPD\EHGDPDJHGLIZDWHURUFOHDQLQJ
DJHQWVFRPHLQFRQWDFWZLWKHOHFWULFDOFRPSRQHQWV'2
127GLUHFWO\VSUD\DQ\HOHFWULFDOFRPSRQHQWVHVSH
FLDOO\FRQQHFWRUVVZLWFKHVHOHFWURK\GUDXOLFFRQWUROV
EDWWHU\DUHDDQGGDVKGLVSOD\GXULQJWKHFOHDQLQJSURF
HVV
 )5$0(
 :+((/ 3RUWLRQVRI\RXU5HDFK6WDFNHUPD\EHZDVKHGZLWKDQRQ
 67((5,1*$;/( KHDWHGSUHVVXUHZDVKHU6WHDPFOHDQLQJLVQRWUHFRPPHQ
 %/2&.6%(7:((1)5$0($1'$;/(
 6833257%/2&.6
GHGLQPRVWLQVWDQFHVDVFRQGHQVDWLRQPD\IRUPLQHOHFWULFDO
 67((5,1*$;/(3,92732,17 FRPSRQHQWVFDXVLQJGDPDJHRUHUUDWLFEHKDYLRU)RUFOHDQ
LQJJXLGHOLQHVDQGFRPSRQHQWVWRDYRLGVHHWKH3HULRGLF
)LJXUH6WHHULQJ$[OH%ORFNV 0DLQWHQDQFHVHFWLRQRIWKH6HUYLFH0DQXDOIRU\RXU5HDFK
6WDFNHU


0DLQWHQDQFH

'DLO\,QVSHFWLRQV
127(3RUWLRQVUHSURGXFHGE\SHUPLVVLRQRI&XPPLQV,QF

)LJXUH0DLQWHQDQFH3RLQWV 6KHHWRI


0DLQWHQDQFH

)LJXUH0DLQWHQDQFH3RLQWV 6KHHWRI


0DLQWHQDQFH
7DEOH'DLO\,QVSHFWLRQV&RQGLWLRQ&KHFN

,WHP1R ,WHP 3URFHGXUH


 :DUQLQJDQG6DIHW\/DEHOV &KHFNIRUSUHVHQFHDQGUHDGDELOLW\5HSODFHDV
UHTXLUHG6HH3DUWV0DQXDO
 :KHHOV7LUHVDQG7LUH3UHVVXUH &KHFNFRQGLWLRQDQGSUHVVXUH6HH1DPHSODWH
 :KHHO1XWV 5HWRUTXHQXWVKRXUVDIWHUUHSODFHPHQWRIDZKHHORU
KRXUVDIWHUDQXWFRXOGEHWXUQHGDWUHWRUTXLQJ
 6WUXFWXUDO:HOGPHQWIRU)UDPH%RRPDQG6SUHDGHU 3HUIRUPDYLVXDOLQVSHFWLRQRIWKHZHOGV1RWLI\TXDOLILHG
PDLQWHQDQFHSHUVRQQHOLIDEQRUPDOLWLHVDUHGHWHFWHG
 %RRP5RWDWRUDQG6SUHDGHU &KHFNFRQGLWLRQ5HSDLUDVUHTXLUHG
 $LU3UHFOHDQHU'XVW%RZO 5HPRYHGXVWIURPERZODVUHTXLUHG
 +\GUDXOLF7DQN%UHDWKHUV ,QVSHFWUHVWULFWLRQLQGLFDWRU5HSODFHHOHPHQWDV
UHTXLUHG6HH3DUWV0DQXDO
 )XHO2LODQG&RRODQW/HDNV &KHFNIRUOHDNV5HSDLUDVUHTXLUHG
 5DGLDWRU6HFWLRQVIRU(QJLQH&RRODQW&KDUJH$LU &KHFNDQGFOHDQZKHQQHHGHG&KHFNIRUOHDNV
&RROHU7UDQVPLVVLRQDQG+\GUDXOLF2LO
6HH)LJXUHIRU,WHP1RV


0DLQWHQDQFH
7DEOH'DLO\,QVSHFWLRQVí)OXLG/HYHO&KHFN

,WHP ,WHP 6SHFLILFDWLRQ 3URFHGXUH


1R
 :LQGVKLHOG:DVKHU)OXLG  &KHFNOHYHOLQUHVHUYRLU$GGZKHQQHHGHG
 +\GUDXOLF6\VWHP2LO -RKQ'HHUH
&$87,21
-'0-&
$GGLWLYHVLQWKHK\GUDXOLFV\VWHPRLOPD\GDP
DJHWKHK\GUDXOLFV\VWHP%HIRUHXVLQJDGGL
WLYHVFRQWDFW\RXUORFDO+<67(5GHDOHU
&KHFNOHYHOLQGLFDWRUZLWKERRPIXOO\ORZHUHGDQG
UHWUDFWHG$GGRLOLIQHHGHG7RSRIIK\GUDXOLFRLO
WKURXJKK\GUDXOLFUHWXUQILOWHU
 (QJLQH2LO/HYHO 0DLQWDLQOHYHOKDOIZD\IXOOUDQJHRQGLSVWLFNZKHQ
FROG
7LHU6WDJH,,,$(QJLQHV OLWHU JDO 6HH7DEOH
7LHU6WDJH,,,%HQJLQHV OLWHU JDO 6HH7DEOH
6HH)LJXUHIRU,WHP1RV


0DLQWHQDQFH
7DEOH'DLO\,QVSHFWLRQV&KHFNV:LWKWKH(QJLQH5XQQLQJ

,WHP ,WHP 3URFHGXUHRU6SHFLILFDWLRQ


1R
 6HDW%HOW6HDW5DLOVDQG6WHHULQJ&ROXPQ &KHFNFRQGLWLRQDQGRSHUDWLRQ5HSDLUDVUHTXLUHG
 :LQGRZVDQG0LUURUV &OHDQDQGDGMXVWDVUHTXLUHG
 +RUQ*DXJHV/LJKWV$ODUPVDQG&RQWURO6\VWHP 9LVXDORUDXGLEOHYHULILFDWLRQ5HSDLUDVUHTXLUHG
 6LJQDOVIURPWKH/0, &KHFNRSHUDWLRQ5HSDLUDVQHFHVVDU\
 (QJLQHDQG7UDQVPLVVLRQ)DXOW&RGHV &KHFNIDXOWFRGHZDUQLQJOLJKWV7KHGLVSOD\VKRXOGEHIUHHRIIDXOW
FRGHV5HSRUWDQ\IDXOWFRGH
 $XWRPDWLF*UHDVLQJ6\VWHP'LVSOD\ 2SWLRQDO 9HULI\*UHHQ/('LV215HSRUWLI<HOORZDQGRU5HG/('LV21
 ([KDXVW6\VWHP+LJK7HPSHUDWXUH/LJKW 0DNHVXUHWKHH[KDXVWSLSHRXWOHWLVQRWGLUHFWHGDWDQ\VXUIDFH
7LHULRQO\ RUPDWHULDOWKDWPD\EHFRPHKD]DUGRXV,IWKHDUHDGRHVQRWDOORZ
KLJKH[KDXVWV\VWHPWHPSHUDWXUHVVZLWFKWKH5HJHQHUDWLRQ&RQ
WURO6ZLWFKWRWKH21SRVLWLRQWRSRVWSRQHUHJHQHUDWLRQRIWKHGLH
VHOSDUWLFXODWHILOWHU3HUIRUPD6WDWLRQDU\5HJHQHUDWLRQ
3URFHGXUHDWHDUOLHVWFRQYHQLHQFH6HH([KDXVW6\VWHP5HJHQ
HUDWLRQLQWKH2SHUDWLQJ0DQXDO
 (QJLQH$LU)LOWHU 5HSODFHPDLQHOHPHQWZKHQZDUQLQJOLJKWLV215HSODFHVDIHW\
HOHPHQWHYHU\WKLUGWLPHPDLQHOHPHQWLVUHSODFHG
6HH)LJXUHIRU,WHP1RV


0DLQWHQDQFH
7DEOH'DLO\,QVSHFWLRQV&KHFNV:LWKWKH(QJLQH5XQQLQJ &RQWLQXHG

,WHP ,WHP 3URFHGXUHRU6SHFLILFDWLRQ


1R
 )XHO:DWHU6HSDUDWRU 'UDLQZDWHUZKHQZDUQLQJOLJKWLV21
 &RRODQW/HYHO $GGFRRODQWZKHQZDUQLQJOLJKWLV215HSRUWORVVRIFRRODQW
6KHOO5RWHOOD(/&
(XURO&RRODQW;/10RUHTXLYDOHQW
 +\GUDXOLF)LOWHU:DUQLQJ/LJKW 5HSODFHKLJKSUHVVXUHK\GUDXOLFILOWHUDQGWKHWZRK\GUDXOLFUHWXUQ
ILOWHUVZKHQWKHZDUQLQJOLJKWLV21
 )XHO/HYHO $YRLGORZIXHOOHYHO5HIXHOLQWLPH6HH7DEOHIRUUHTXLUHGIXHO
VSHFLILFDWLRQOLWHU JDO
 &RQWURO/HYHUV6ZLWFKHVDQG3HGDOV &KHFNRSHUDWLRQDVGHVFULEHGLQWKH2SHUDWLQJ0DQXDO
5HSDLUDVUHTXLUHG
 3DUNLQJDQG6HUYLFH%UDNHV &KHFNRSHUDWLRQ5HSDLUDVUHTXLUHG
 6WHHULQJ6\VWHP &KHFNRSHUDWLRQ5HSDLUDVQHFHVVDU\
 %RRP5RWDWRUDQG6SUHDGHU &KHFNRSHUDWLRQ5HSDLUDVQHFHVVDU\&KHFNRSHUDWLRQ5HSDLU
DVQHFHVVDU\
 6LJQDOVIURPWKH6SUHDGHU&RQWURO6\VWHP &KHFNRSHUDWLRQ5HSDLUDVQHFHVVDU\
6HH)LJXUHIRU,WHP1RV


0DLQWHQDQFH
7DEOH'DLO\,QVSHFWLRQV&KHFNV:LWKWKH(QJLQH5XQQLQJ &RQWLQXHG

,WHP ,WHP 3URFHGXUHRU6SHFLILFDWLRQ


1R
 7UDQVPLVVLRQ &KHFNRSHUDWLRQ5HSDLUDVQHFHVVDU\
 2SHUDWRU3UHVHQFH6\VWHP &KHFNRSHUDWLRQ5HSDLUDVQHFHVVDU\
 7UDQVPLVVLRQ2LO/HYHO $GGLIQHHGHG'H[URQŠ,,,
6HH)LJXUHIRU,WHP1RV

7DEOH)LUVW,QVSHFWLRQ$IWHU)LUVW+RXUVRI2SHUDWLRQ

,WHP ,WHP 3URFHGXUH 4XDQWLW\ 6SHFLILFDWLRQ


1R
 7UDQVPLVVLRQ2LO)LOWHU &KDQJH  6HH3DUWV0DQXDO
 +LJK3UHVVXUH%UDNH&RROLQJ &KDQJH  6HH3DUWV0DQXDO
)LOWHU
6HH)LJXUHIRU,WHP1RV


0DLQWHQDQFH
7DEOH)LUVW,QVSHFWLRQ$IWHU)LUVW+RXUVRI2SHUDWLRQ

,WHP ,WHP 3URFHGXUH 4XDQWLW\ 6SHFLILFDWLRQ


1R
 %HDULQJ3UHWRUTXHLQ6WHHU &KHFN7RUTXH 6HH6WHHULQJ$[OH650IRUSURFH
:KHHO+XEV GXUH
 2LOLQ6WHHU:KHHO+XEV &KDQJH OLWHU 0,//'
JDO $3,*/
HDFK 6$(
 %HDULQJ3UHWRUTXHLQ'ULYH &KHFN7RUTXH  6HH6HUYLFH0DQXDO
:KHHO+XEV
 'LIIHUHQWLDO2LO &KDQJH OLWHU $3,*/
JDO 0,//'
6$(
$OVRFOHDQ
PDJQHWLFSOXJV
 2LOLQ'ULYH:KHHO+XEV &KDQJH OLWHU $3,*/
JDO HDFK 0,//'
VLGH 6$(
$OVRFOHDQ
PDJQHWLFSOXJV
6HH)LJXUHIRU,WHP1RV


0DLQWHQDQFH

7DEOH3HULRGLF0DLQWHQDQFH6FKHGXOHí,QVSHFWDQG$GMXVW

,WHP ,WHP ,QWHUYDO 3URFHGXUH


1R
 :DUQLQJDQG6DIHW\/DEHOV KUPR &KHFNIRUSUHVHQFHDQGUHDGDELOLW\5HSODFHDVUHTXLUHG6HH
3DUWV0DQXDO
 :KHHOV7LUHVDQG7LUH3UHVVXUH KUPR &KHFNFRQGLWLRQDQGSUHVVXUH6HHQDPHSODWH
 :KHHO1XWV'ULYH:KHHOV KUPR &KHFNWRUTXH
.HVVOHUWR1‡P WROEIIW
$[OH7HFKWR1‡P WROEIIW
 :KHHO1XWV6WHHU:KHHOV KUPR &KHFNWRUTXHWR1‡P WROEIIW
 +\GUDXOLF7DQN%UHDWKHUV KUPR ,QVSHFWUHVWULFWLRQLQGLFDWRU5HSODFHHOHPHQWVZKHQQHHGHG
6HH3DUWV0DQXDO
 $LU3UHFOHDQHU KUPR 5HPRYHGXVWIURPGXVWERZODVUHTXLUHG
 )XHO2LODQG&RRODQW/HDNV KUPR &KHFNIRUOHDNV5HSDLUDVUHTXLUHG
 (QJLQH$LU,QWDNHDQG KUPR &KHFNIRUZHDUSRLQWVGDPDJHOHDNVORRVHFODPSVRUORRVH
&KDUJH$LU3LSLQJ FRQQHFWLRQV5HSDLUDVUHTXLUHG
 &RRODQW+RVHV KUPR ,QVSHFWIRUFUDFNVFXWVDQGFROODSVLQJ5HSODFHDVUHTXLUHG
6HH3DUWV0DQXDO
6HH)LJXUHIRU,WHP1RV


0DLQWHQDQFH
7DEOH3HULRGLF0DLQWHQDQFH6FKHGXOHí,QVSHFWDQG$GMXVW &RQWLQXHG

,WHP ,WHP ,QWHUYDO 3URFHGXUH


1R
 'ULYH%HOWV KUPR &KHFNWHQVLRQDQGFRQGLWLRQ5HSODFHDVUHTXLUHG6HH3DUWV
0DQXDO
 (QJLQH&RPSDUWPHQW KUPR 5HPRYHFRPEXVWLEOHPDWHULDOV5HPRYHDOOIRUHLJQPDWHULDOV
 5DGLDWRUVHFWLRQVIRU(QJLQH&RRODQW KUPR &KHFNDQGFOHDQZKHQQHFHVVDU\&KHFNKRVHVDQGWXEH
&KDUJH$LU&RROHU7UDQVPLVVLRQDQG FRQQHFWLRQVIRUOHDNV
+\GUDXOLF2LO
 'ULYH$[OHDQG'LIIHUHQWLDO KUPR &KHFNRLOOHYHOV$GGRLOLIQHHGHG&OHDQPDJQHWLFSOXJV
$3,*/0,//'6$(
 2LOLQ6WHHU:KHHO+XEV KUPR &KHFNRLOOHYHOV$GGRLOLIQHFHVVDU\&OHDQPDJQHWLFSOXJV
0,//'
$3,*/
6$(
 :LQGVKLHOG:DVKHU)OXLG KUPR &KHFNOHYHOLQUHVHUYRLU$GGZKHQQHHGHG
 +\GUDXOLF6\VWHP2LO KUPR &KHFNOHYHOLQGLFDWRU$GGK\GUDXOLFRLOLIQHHGHGWKURXJKWKH
K\GUDXOLFUHWXUQILOWHU
-'0-&
6HH)LJXUHIRU,WHP1RV


0DLQWHQDQFH
7DEOH3HULRGLF0DLQWHQDQFH6FKHGXOHí,QVSHFWDQG$GMXVW &RQWLQXHG

,WHP ,WHP ,QWHUYDO 3URFHGXUH


1R
 &RRODQW/HYHO KUPR ,QVSHFWOHYHODWWKHH[SDQVLRQWDQN,IOHYHOLVEHORZ0,1
PDUNLQVSHFWIRUOHDNVUHSDLUDVQHHGHGDQGDGGFRRODQWWR
WKH0$;PDUN
6KHOO5RWHOOD(/&
(XURO&RRODQW;/10RUHTXLYDOHQW
 (QJLQH2LO/HYHO KUPR 0DLQWDLQOHYHOKDOIZD\IXOOUDQJHRQGLSVWLFNZKHQFROG
$3,&+6-
6$(:
íƒ& ƒ) 
 )XHO)LOWHU:DWHU6HSDUDWRU KUPR 'UDLQZDWHUXQWLOFOHDQIXHOIORZVIURPWKHILOWHU
 7UDQVPLVVLRQ2LO/HYHO KUPR $GGRLOLIQHHGHG'(;521,,,
 6HDW%HOW6HDW5DLOVDQG6WHHULQJ KUPR &KHFNFRQGLWLRQDQGRSHUDWLRQ5HSDLUDVUHTXLUHG
&ROXPQ
 2SHUDWRU3UHVHQFH6\VWHP KUPR &KHFNRSHUDWLRQ5HSDLUDVUHTXLUHG
6HH)LJXUHIRU,WHP1RV


0DLQWHQDQFH
7DEOH3HULRGLF0DLQWHQDQFH6FKHGXOHí,QVSHFWDQG$GMXVW &RQWLQXHG

,WHP ,WHP ,QWHUYDO 3URFHGXUH


1R
 $XWRPDWLF*UHDVLQJ6\VWHP KUPR &KHFNSURSHUIXQFWLRQLQJRIWKH&HQWUDO*UHDVLQJ6\VWHP
$GGJUHDVHLIUHVHUYRLULVHPSW\RUDOPRVWHPSW\
0XOWLSXUSRVHJUHDVH
(3:LWKRXW0R61/*,*UDGH
 6WUXFWXUDO:HOGPHQWIRU)UDPH%RRP KUPR 3HUIRUPDYLVXDOLQVSHFWLRQRIWKHZHOGV5HSRUWDQ\FUDFN
DQG6SUHDGHU IRXQGWRWKH+\VWHU&RPSDQ\6HUYLFH*URXS
 %RRP:HDU3DGV KUPR 5HSODFHZHDUSDGVLIWKLFNQHVVLVPP LQ RUOHVV
0DNHVXUHWKDWUHWDLQLQJKDUGZDUHLVWLJKWHQHGWR1‡P
OEIIW 
 %RRP6LGH:HDU3DGV KUPR &KHFN$GMXVWPHQW5HSODFHSDGVZKHQZRUQ
 &DE$LU)LOWHU KUPR &KHFNHOHPHQW5HSODFHHOHPHQWZKHQQHHGHG6HH3DUWV
0DQXDO
 3DUNLQJ%UDNHDQG6HUYLFH%UDNHV KUPR &KHFNFRQGLWLRQDQGRSHUDWLRQ5HSDLUDVUHTXLUHG
 &RRODQW4XDOLW\ KUPR OLWHU&KHFNDFLGLW\DQGIUHH]LQJSRLQW5HSODFHIDFWRU\ILO
OHGFRRODQWLIS+OHYHOLVORZHUWKDQ
OLWHU
6HH)LJXUHIRU,WHP1RV


0DLQWHQDQFH
7DEOH3HULRGLF0DLQWHQDQFH6FKHGXOHí,QVSHFWDQG$GMXVW &RQWLQXHG

,WHP ,WHP ,QWHUYDO 3URFHGXUH


1R
 %UDNH6\VWHP$FFXPXODWRU KUPR 0DNHVXUHSUHFKDUJHSUHVVXUHDWJDXJHLV03D
SVL 
 7UDQVPLVVLRQ&OXWFK&DOLEUDWLRQ KUPR 3HUIRUPFOXWFKFDOLEUDWLRQ
 ,QFKLQJ3HGDO6HQVRU&DOLEUDWLRQ KUPR &KHFNFDOLEUDWLRQDQGDGMXVWDVUHTXLUHG
 6WHHU:KHHO+XE%HDULQJV KUPR &KHFNSUHWRUTXH6HHWKHVHFWLRQ6WHHULQJ$[OH650

 (QJLQH&OHDQLQJ KUPR &OHDQHQJLQHLIQHHGHG
 (QJLQHDQG7UDQVPLVVLRQ0RXQWV KUPR &KHFNIRUDJLQJDQGGHWHULRUDWLRQ5HSODFHLIQHFHVVDU\6HH
3DUWV0DQXDO
 7XUER&KDUJHU KUPR 7LJKWHQFODPSVDQGKDUGZDUH(VWDEOLVKFRUUHFWVHDOLQJ
 &KHFNSURJUHVVRIEUDNHOLQLQJZHDU KUPR 0HDVXUHSURJUHVVRIEUDNHOLQLQJZHDU6HH6HUYLFH0DQ
XDO
 (QJLQH9DOYH$GMXVWPHQW KU &KHFNYDOYHFOHDUDQFH6HHHQJLQHLGHQWLILFDWLRQSODWHIRU
DGMXVWPHQWYDOXHV
 %HOWDQG7HQVLRQHU KUPR &KHFNWHQVLRQDQGEHOWFRQGLWLRQ5HSODFHDVUHTXLUHG6HH
3DUWV0DQXDO
6HH)LJXUHIRU,WHP1RV


0DLQWHQDQFH
7DEOH3HULRGLF0DLQWHQDQFH6FKHGXOHí,QVSHFWDQG$GMXVW &RQWLQXHG

,WHP ,WHP ,QWHUYDO 3URFHGXUH


1R
 %HOW+XEV,GOHU3XOOH\ KUPR ,QVSHFWFRQGLWLRQDQGSURSHUURWDWLRQ5HSODFHDVUHTXLUHG
6HH3DUWV0DQXDO
 9LEUDWLRQ'DPSHU KUPR &KHFNIRUIOXLGORVVDQGGHIRUPDWLRQ5HSODFHLIQHHGHG6HH
3DUWV0DQXDO
6HH)LJXUHIRU,WHP1RV


0DLQWHQDQFH
7DEOH3HULRGLF0DLQWHQDQFH6FKHGXOH/XEULFDWH

,WHP ,WHP ,QWHUYDO 4XDQWLW\ 6SHFLILFDWLRQ


1R
7UDFNVIRU%RRP:HDU3DGV KUPR 7UDFNV 0XOWLSXUSRVHJUHDVH
(3(3:LWKRXW0R6
 $XWRPDWLF*UHDVLQJ6\VWHP KU $V5HTXLUHG $GGJUHDVHWRPD[LPXPOHYHOLQHDFK
2SWLRQDO UHVHUYRLU
0XOWLSXUSRVHJUHDVH
1/*,:LWKRXW0R6
 %RRP3LYRWWR$WWDFKPHQW KUPR )LWWLQJV 0XOWLSXUSRVHJUHDVH
(3(3:LWKRXW0R6
 'DPSHQLQJ&\OLQGHU3LYRW KUPR )LWWLQJV 0XOWLSXUSRVHJUHDVH
3RLQWV (3(3:LWKRXW0R6
 %RRP3LYRWWR)UDPH KUPR )LWWLQJV 0XOWLSXUSRVHJUHDVH
(3(3:LWKRXW0R6
 6WHHULQJ$[OH7LH5RG3LQV KUPR )LWWLQJV 0R6JUHDVH
6HH)LJXUHIRU,WHP1RV
127(7KHLWHPVPDUNHGZLWK GRQRWUHTXLUHPDQXDOJUHDVLQJZKHQWKHWUXFNLVHTXLSSHGZLWKWKH$XWRPDWLF*UHDVLQJ
6\VWHPIRUWUXFNDQGDWWDFKPHQW


0DLQWHQDQFH
7DEOH3HULRGLF0DLQWHQDQFH6FKHGXOH/XEULFDWH &RQWLQXHG

,WHP ,WHP ,QWHUYDO 4XDQWLW\ 6SHFLILFDWLRQ


1R
 .LQJ3LQV KUPR )LWWLQJV 0XOWLSXUSRVHJUHDVH
(3(3:LWKRXW0R6
 6WHHULQJ$[OH3LYRW KUPR )LWWLQJ 0XOWLSXUSRVHJUHDVH
(3(3:LWKRXW0R6
 &DE'RRU+LQJHV KUPR )LWWLQJV 0XOWLSXUSRVHJUHDVH
 'ULYH6KDIW KUPR )LWWLQJV 0XOWLSXUSRVHJUHDVH
(3(3:LWKRXW0R6
6HH)LJXUHIRU,WHP1RV
127(7KHLWHPVPDUNHGZLWK GRQRWUHTXLUHPDQXDOJUHDVLQJZKHQWKHWUXFNLVHTXLSSHGZLWKWKH$XWRPDWLF*UHDVLQJ
6\VWHPIRUWUXFNDQGDWWDFKPHQW


0DLQWHQDQFH
7DEOH3HULRGLF0DLQWHQDQFH6FKHGXOH&KDQJH

,WHP ,WHP ,QWHUYDO 4XDQWLW\ 6SHFLILFDWLRQ


1R
 (QJLQH2LO KUPR  
7LHU6WDJH,,,$(QJLQHV  OLWHU JDO 6HH7DEOH
7LHUL6WDJH,,,%(QJLQHV  OLWHU JDO 6HH7DEOH
 (QJLQH2LO)LOWHU KUPR  6HH3DUWV0DQXDO
 )XHO)LOWHU:DWHU6HSDUDWRU KUPR  6HH3DUWV0DQXDO
 +LJK3UHVVXUH%UDNH&RROLQJ KUPR  6HH3DUWV0DQXDO5HSODFHDWK\GUDXOLFRLO
)LOWHU FKDQJHDQGDIWHUPDMRUK\GUDXOLFV\VWHPUHSDLU
 7UDQVPLVVLRQ2LO)LOWHU KUPR  6HH3DUWV0DQXDO
 7UDQVPLVVLRQ2LO KUPR OLWHU JDO 'H[URQŠ,,,
 (QJLQH&UDQNFDVH%UHDWKHU KUPR  6HH3DUWV0DQXDO
)LOWHU
 2LOLQ6WHHU:KHHO+XEV KUPR OLWHU JDO 0,//'
HDFKVLGH $3,*/
6$(:
6HH)LJXUHIRU,WHP1RV


0DLQWHQDQFH
7DEOH3HULRGLF0DLQWHQDQFH6FKHGXOH&KDQJH &RQWLQXHG

,WHP ,WHP ,QWHUYDO 4XDQWLW\ 6SHFLILFDWLRQ


1R
 'LIIHUHQWLDO2LO KUPR OLWHU JDO $3,*/0,//'6$($OVRFOHDQ
PDJQHWLFSOXJV
 2LOLQ'ULYH:KHHO+XEV KUPR OLWHU $3,*/0,//'6$($OVRFOHDQ
JDO HDFK PDJQHWLFSOXJV
VLGH
 (QJLQH&RRODQW)LOWHUIRU KUPR  6HH3DUWV0DQXDO
460(QJLQH2QO\
 +\GUDXOLF6\VWHP2LO KUPR OLWHU
&$87,21
JDO
$GGLWLYHVLQWKHK\GUDXOLFV\VWHPRLOPD\
GDPDJHWKHK\GUDXOLFV\VWHP%HIRUHXVLQJ
DGGLWLYHVFRQWDFW\RXUORFDO+\VWHUGHDOHU
-RKQ'HHUH-'0-&5HSODFHRLODW
KRXUVRUWDNHRLOVDPSOHDWDQG
KRXUVDQGIROORZLQVWUXFWLRQVRIWKH/DERUDWRU\
UHSRUW
 +\GUDXOLF5HWXUQ2LO)LOWHU KUPR  6HH3DUWV0DQXDO5HSODFHDWK\GUDXOLFRLO
FKDQJH
6HH)LJXUHIRU,WHP1RV


0DLQWHQDQFH
7DEOH3HULRGLF0DLQWHQDQFH6FKHGXOH&KDQJH &RQWLQXHG

,WHP ,WHP ,QWHUYDO 4XDQWLW\ 6SHFLILFDWLRQ


1R
 %UDNH5HWXUQ/LQH)LOWHU KUPR  6HH3DUWV0DQXDO5HSODFHDWK\GUDXOLFRLO
FKDQJH
 $XWRPDWLF*UHDVLQJ6\VWHP KU  5HSODFHRUFOHDQILOWHUDWILOWHUFRXSOLQJ
)LOWHU 2SWLRQDO 6HH3DUWV0DQXDO
 'LHVHO3DUWLFXODWH)LOWHU KU  6HH3DUWV0DQXDO
7LHULRQO\
 $LU&RQGLWLRQLQJ6\VWHP KUPR &RQWDFWFHUWLILHG$&VSHFLDOLVWIRUUHSODFLQJGU\HU
OXEULFDQWDQGUHIULJHUDQW5$“JUDPV
“R] 
 +\GUDXOLF6\VWHP KU  6HH3DUWV0DQXDO
6XFWLRQ)LOWHU $OVRUHSODFHDIWHUPDMRUK\GUDXOLFV\VWHPUHSDLU
 +LJK3UHVVXUH0DLQ0DQLIROG KUPR  6HH3DUWV0DQXDO$OVRUHSODFHDIWHUPDMRU
)LOWHU K\GUDXOLFV\VWHPUHSDLU
6HH)LJXUHIRU,WHP1RV


0DLQWHQDQFH
7DEOH$SSURYHG)XHOVDQG(QJLQH2LOV
(PLVVLRQ ::)& 6XOIXU $670 6XOIXU (QJLQH 4XDQWLW\
/HJLVODWLRQ 'LHVHO)XHO &RQWHQW ' &RQWHQW 2LO
*UDGH1R'
7LHUL &DWHJRU\ PJNJ 6 PJNJ $&($( OLWHU
6WDJH,,,%(QJLQHV $3,&- TW
7LHU &DWHJRU\ PJNJ 6 PJNJ $&($(RU( OLWHU
6WDJH,,,$(QJLQHV $3,&,RU&- TW
&DWHJRU\ PJNJ 6 PJNJ $&($(
$3,&,
1RQ&RPSOLDQFH &DWHJRU\ PJNJ 6 PJNJ $&($( OLWHU
$3,&, VHH127(DQG127( TW


0DLQWHQDQFH
7DEOH$SSURYHG)XHOVDQG(QJLQH2LOV &RQWLQXHG
(PLVVLRQ ::)& 6XOIXU $670 6XOIXU (QJLQH 4XDQWLW\
/HJLVODWLRQ 'LHVHO)XHO &RQWHQW ' &RQWHQW 2LO
*UDGH1R'
127(7RFRPSO\ZLWKHPLVVLRQOHJLVODWLRQVXOIXUFRQWHQWLQWKHDSSOLHGGLHVHOIXHOPXVWEHOLPLWHG6HHFROXPQ::)&'LHVHO)XHO
&DWHJRU\
127(6XOIXUFRQWHQWLQGLHVHOIXHOGHWHUPLQHVWKHUHTXLUHGHQJLQHRLOVSHFLILFDWLRQ
127(0DLQWDLQHQJLQHRLOOHYHOKDOIZD\IXOOUDQJHRQGLSVWLFNZKHQFROG
127('LHVHO&DWHJRU\LVQRWDOORZHGLQFRXQWULHVZLWK7LHU6WDJH,,,$RUPRUHVWULQJHQWHPLVVLRQOHJLVODWLRQ
127(:KHQXVLQJ'LHVHO&DWHJRU\WKHIDFWRU\ILOOHG&-HQJLQHRLOPXVWEHUHSODFHGDWLQLWLDOKRXUVE\$3,&,VSHFLILFDWLRQ
RLO
127(:KHQXVLQJ'LHVHO&DWHJRU\HQJLQHRLOVSHFLILFDWLRQ$3,&,PXVWEHXVHGWRDOORZKRXURLOFKDQJHLQWHUYDOV
127(%LRGLHVHOIXHOPD\EHEOHQGHGZLWKPLQHUDOGLHVHOIXHOSURYLGHGWKHELRGLHVHOFRQWHQWGRHVQRWH[FHHGSHUFHQWRIWRWDOYROXPH


0DLQWHQDQFH

$PELHQW7HPSHUDWXUH 9LVFRVLW\
íƒ& ƒ) DQGDERYH :
íƒ& íƒ) WRƒ& ƒ) :
%HORZƒ& ƒ) :
127($PELHQWWHPSHUDWXUHVGHWHUPLQHWKHYLVFRVLW\RIWKHRLOWREHVHOHFWHG


0DLQWHQDQFH
7DEOH,QLWLDO+RXU,QVSHFWLRQ 6HH)LJXUHDQG)LJXUH

,WHP ,WHP 6SHFLILFDWLRQ 4XDQWLW\ 3URFHGXUH


1R
7 2LOLQ5RWDWRU7UDQVPLVVLRQ 0,//' OLWHU 'UDLQDQGILOOZLWKJHDURLO
$3,*/ JDO 6$(:$3,*/
6$(

7DEOH,QVSHFWDQG$GMXVW 6HH)LJXUHDQG)LJXUH

,WHP ,WHP ,QWHUYDO 3URFHGXUH


1R
 $WWDFKPHQW KU &KHFNFRQGLWLRQDQGRSHUDWLRQ&KHFNIRU
GDPDJHFUDFNVDQGGLVWRUWLRQ&KHFNIRU
OHDNDJHRIK\GUDXOLFFRPSRQHQWV5HSDLU
DVUHTXLUHG
 6LJQDOVIURPWKH6SUHDGHU&RQWURO6\VWHP KU &KHFNIRUFRUUHFWRSHUDWLRQ5HSDLUDV
UHTXLUHG
 7ZLVW/RFNV KU &KHFNIRUZHDUDQGSRVVLEOHGDPDJHRI
WKHWZLVWORFNDQGWZLVWORFNVOHHYH
5HSODFHDVUHTXLUHG

169
0DLQWHQDQFH
7DEOH,QVSHFWDQG$GMXVW 6HH)LJXUHDQG)LJXUH  &RQWLQXHG

,WHP ,WHP ,QWHUYDO 3URFHGXUH


1R
7 2LO/HYHOLQ5RWDWRU7UDQVPLVVLRQ KU &KHFN2LO/HYHOV
$3,*/
0,//'
6$(
OLWHU JDO
 $WWDFKPHQW:HDU3DGV KU 5HSODFHZHDUSDGVLIWKLFNQHVVLVPP
LQ RUOHVV0DNHVXUHWKDWUHWDLQLQJ
KDUGZDUHLVWRUTXHGWR1‡P
OEIIW 

7DEOH/XEULFDWH 6HH)LJXUHDQG)LJXUH

,WHP ,WHP ,QWHUYDO 4XDQWLW\ 3URFHGXUH


1R
 5RWDWRU5LQJ*HDU KU 'HQWDO6XUIDFH *HDU/XEULFDQWZLWKDGKHVLYHDQG
(3DGGLWLYH
127(7KHLWHPVPDUNHGZLWK GRQRWUHTXLUHPDQXDOJUHDVLQJZKHQWKHWUXFNLVHTXLSSHGZLWKWKH$XWRPDWLF*UHDVLQJ
6\VWHPIRUWUXFNDQGDWWDFKPHQW

170
0DLQWHQDQFH
7DEOH/XEULFDWH 6HH)LJXUHDQG)LJXUH  &RQWLQXHG

,WHP ,WHP ,QWHUYDO 4XDQWLW\ 3URFHGXUH


1R
 3RZHUHG3LOH6ORSH&\OLQGHUV KU ILWWLQJVHDFKF\O 0XOWLSXUSRVHJUHDVH
LQGHU (3(3:LWKRXW0R6
6WRS&\OLQGHUV KU )LWWLQJ 0XOWLSXUSRVHJUHDVH
(DFK&\OLQGHU (3(3:LWKRXW0R6
/RFNLQJ3ODWHIRU6WRS&\OLQGHU KU  0R6JUHDVH
([WHQVLRQ&\OLQGHU6XSSRUW3DG KU 7UDFNVLQ 0XOWLSXUSRVHJUHDVH
(DFK%HDP (3(3:LWKRXW0R6
127(7KHLWHPVPDUNHGZLWK GRQRWUHTXLUHPDQXDOJUHDVLQJZKHQWKHWUXFNLVHTXLSSHGZLWKWKH$XWRPDWLF*UHDVLQJ
6\VWHPIRUWUXFNDQGDWWDFKPHQW

7DEOH&KDQJH 6HH)LJXUHDQG)LJXUH

,WHP1R ,WHP ,QWHUYDO 4XDQWLW\ 3URFHGXUH


7 2LOLQ5RWDWRU7UDQVPLVVLRQ KU OLWHU 0,//'
JDO $3,*/6$(
 7ZLVW/RFNV KU  6HH3DUWV0DQXDO

2
0DLQWHQDQFH

0DLQWHQDQFH3URFHGXUHV(YHU\+RXUVRU'DLO\
+RZWR0DNH&KHFNV:LWKWKH(QJLQH6WRSSHG &KHFNWKDWDOOVDIHW\ODEHOVDUHLQVWDOOHGLQWKHFRUUHFWORFD
WLRQVRQWKHOLIWWUXFN6HHWKH3DUWV0DQXDOIRUWKHFRUUHFW
:$51,1* ORFDWLRQRIWKHVDIHW\ODEHOV
'RQRWRSHUDWHDOLIWWUXFNWKDWQHHGVUHSDLUV5HSRUWWKH ,IQHZODEHOVPXVWEHLQVWDOOHGXVHWKHIROORZLQJSURFHGXUHV
QHHGIRUUHSDLUVLPPHGLDWHO\,IUHSDLULVQHFHVVDU\SXW
D'212723(5$7(WDJLQWKHRSHUDWRU VDUHD5HPRYH :$51,1*
WKHNH\IURPWKHNH\VZLWFK &OHDQLQJVROYHQWVFDQEHIODPPDEOHDQGWR[LFDQGFDQ
3XWWKHOLIWWUXFNRQDOHYHOVXUIDFH)XOO\ORZHUDQGUHWUDFWWKH FDXVHVNLQLUULWDWLRQ:KHQXVLQJFOHDQLQJVROYHQWV
ERRPVWRSWKHHQJLQHDQGDSSO\WKHSDUNLQJEUDNH2SHQ DOZD\VIROORZWKHUHFRPPHQGDWLRQVRIWKHPDQXIDF
WKHKRRGDQGFKHFNIRUOHDNVDQGFRQGLWLRQVWKDWDUHQRWQRU WXUHU
PDO&OHDQDQ\RLORUIXHOVSLOOV0DNHVXUHDOOVXUIDFHVDUH 9HULI\WKHVXUIDFHLVGU\DQGKDVQRRLORUJUHDVH'RQRW
IUHHRIRLOVOXEULFDQWVIXHODQGRUJDQLFGXVWRUILEHUV SDSHU XVHVROYHQWRQQHZSDLQW&OHDQWKHVXUIDFHRIROGSDLQWZLWK
ZRRGFRWWRQZRRODJULFXOWXUDOJUDVVJUDLQHWF  DFOHDQLQJVROYHQW
:DUQLQJDQG6DIHW\/DEHOV 5HPRYHWKHSDSHUIURPWKHEDFNRIWKHODEHO'RQRWWRXFK
WKHDGKHVLYHVXUIDFH
:$51,1*
&DUHIXOO\KROGWKHODEHOLQWKHFRUUHFWSRVLWLRQDERYHWKH
6DIHW\ODEHOVDUHLQVWDOOHGRQWKHOLIWWUXFNWRJLYHLQIRU
VXUIDFH7KHODEHOFDQQRWEHPRYHGDIWHULWWRXFKHVWKHVXU
PDWLRQDERXWRSHUDWLRQDQGSRVVLEOHKD]DUGV,WLV
IDFH3XWWKHODEHORQWKHVXUIDFH0DNHVXUHWKDWDOODLULV
LPSRUWDQWWKDWDOOVDIHW\ODEHOVDUHLQVWDOOHGRQWKHOLIW
UHPRYHGIURPXQGHUWKHODEHODQGWKHFRUQHUVDQGHGJHVDUH
WUXFNDQGFDQEHUHDG
WLJKW

3
0DLQWHQDQFH

:KHHOV7LUHVDQG7LUH3UHVVXUH SUHVVXUHRIZDUPWLUHVPXVWDOZD\VEHHTXDOWRRUJUHDWHU
WKDQWKHVSHFLILFDWLRQIRUDLUSUHVVXUHIRUFROGWLUHV
:$51,1* &KHFNWKHWLUHVIRUGDPDJH6HH)LJXUH,QVSHFWWKHWUHDG
$LUSUHVVXUHLQSQHXPDWLFWLUHVFDQFDXVHWLUHDQGZKHHO DQGUHPRYHDQ\REMHFWVWKDWZLOOFDXVHGDPDJH&KHFNIRU
SDUWVWRH[SORGH7KHH[SORVLRQRIZKHHOSDUWVFDQFDXVH EHQWRUGDPDJHGULPV&KHFNIRUORRVHRUPLVVLQJSDUWV
VHULRXVLQMXU\RUGHDWK 5HPRYHDQ\ZLUHVWUDSVRURWKHUPDWHULDOZUDSSHGDURXQG
5HPRYHDOORIWKHDLUIURPWKHWLUHVEHIRUHWKHWLUHVDUH WKHD[OH
UHPRYHGIURPWKHOLIWWUXFN
,IWKHDLUSUHVVXUHLVOHVVWKDQRIWKHFRUUHFWDLU
SUHVVXUHWKHWLUHPXVWEHUHPRYHGEHIRUHDLULVDGGHG
3XWWKHWLUHLQDVDIHW\FDJHZKHQDGGLQJDLUSUHVVXUHWR
WKHWLUH)ROORZWKHSURFHGXUHVGHVFULEHGLQ/,1(72
$'',1*$,535(6685(727,5(
:KHQDLULVDGGHGWRWKHWLUHVXVHDUHPRWHDLUFKXFN
7KHSHUVRQDGGLQJDLUPXVWVWDQGWRWKHVLGHRIWKH
VDIHW\FDJHDQGQRWLQIURQWRILW
.HHSWKHWLUHVDWWKHFRUUHFWDLUSUHVVXUH6HHWKH1DPHSODWH
&KHFNWKHDLUSUHVVXUHZLWKDJDXJHZKHQWKHWLUHVDUHFROG
,ILWLVQHFHVVDU\WRDGGDLUWRDWLUHWKDWLVZDUPFKHFNRQH
 &+(&.7,5(35(6685(
RIWKHRWKHUWLUHVRQWKHVDPHD[OHDQGDGGDLUWRWKHWLUHWKDW  &+(&.)25'$0$*(
KDVORZSUHVVXUHVRWKDWWKHDLUSUHVVXUHVDUHHTXDO7KHDLU
)LJXUH7LUH&KHFN

4
0DLQWHQDQFH

:KHHO1XWV %RRP5RWDWRUDQG6SUHDGHU
,QVSHFWWKHERRPVHFWLRQVIRUFUDFNVDQGZHDU
&$87,21
&KHFNDOOZKHHOQXWVDIWHUWRKRXUVRIRSHUDWLRQZKHQ ,QVSHFWWKHVSUHDGHUVHFWLRQVIRUFUDFNVDQGZHDU
QHZOLIWWUXFNVEHJLQRSHUDWLRQDQGRQDOOOLIWWUXFNVZKHQ
7LJKWHQDQ\QXWVRUEROWVWKDWDUHORRVH5HSODFHDQ\GDP
WKHZKHHOVKDYHEHHQUHPRYHGDQGLQVWDOOHG7LJKWHQWKH
DJHGRUEURNHQSDUWV
QXWVDVVKRZQLQ)LJXUH:KHQWKHQXWVVWD\WLJKWIRU
HLJKWKRXUVWKHLQWHUYDOIRUFKHFNLQJWKHWRUTXHFDQEH $LU3UHFOHDQHU'XVW%RZO
H[WHQGHGWRKRXUV
&OHDQWKHSUHFOHDQHUIRUWKHDLUILOWHUDVQHFHVVDU\5HPRYH
7RROLWWOHWRUTXHRIWKHZKHHOQXWVFDQFDXVHWKHZKHHO WKHFRYHUIRUWKHSUHFOHDQHUWKHQUHPRYHWKHGLUWIURPWKH
WRVOLSRQWKHKXEDQGFDXVHGDPDJH7RRPXFKQXWWRU ERZO,QVWDOOWKHERZODQGFRYHU6HH)LJXUH
TXHFDQGDPDJHVWXGVVSDFHUEDQGVDQGZKHHOV
0DNHVXUHWKHZKHHOQXWVDUHWLJKW7LJKWHQWKHZKHHOQXWV
DVVKRZQLQ)LJXUH

5
0DLQWHQDQFH

+\GUDXOLF7DQN%UHDWKHUV
127(1HYHUUHPRYHWKHVDIHW\VWDQGSLSHWRDYRLGGLUWIURP
HQWHULQJWKHK\GUDXOLFV\VWHP
127(&RUUHFWPDLQWHQDQFHLVYHU\LPSRUWDQWWRDYRLG
XQQHFHVVDU\GLUWIURPHQWHULQJWKHK\GUDXOLFV\VWHP7KHGLUW
ZLOOQRWEHILOWHUHGE\WKHUHWXUQOLQHILOWHUVDQGPD\GLUHFWO\
HQWHUWKHJHDUSXPSV
7KHUHDUHWZRK\GUDXOLFWDQNEUHDWKHUVSODFHGRQWKH
K\GUDXOLFWDQN2QO\RQHK\GUDXOLFWDQNEUHDWKHULVHTXLSSHG
ZLWKDQLQGLFDWRU:KHQUHSODFHPHQWRIWKHILOWHULVQHFHVVDU\
DOZD\VUHSODFHILOWHUVIRUERWKK\GUDXOLFWDQNEUHDWKHUV
127()LUVWSUHVVWKH\HOORZEXWWRQRQWKHLQGLFDWRUWR
UHOHDVHSUHVVXUHWRUHSODFHWKHILOWHU
5HPRYHWKHFDSIURPWKHK\GUDXOLFWDQNEUHDWKHU5HPRYH
WKHILOWHUDQGFOHDQWKHLQVLGHRIWKHK\GUDXOLFWDQNEUHDWKHU
ZLWKVROYHQW,QVWDOOWKHQHZILOWHUDQGFDS
 35(&/($1(5  9$&8806:,7&+
 $,5),/7(5

)LJXUH$LU)LOWHU7LHU

6
0DLQWHQDQFH

5DGLDWRU6HFWLRQVIRU(QJLQH&RRODQW&KDUJH :LQGVKLHOG:DVKHU)OXLG
$LU&RROHU7UDQVPLVVLRQDQG+\GUDXOLF2LO 7KHUHVHUYRLULVORFDWHGDWWKHOHIWUHDUFRUQHURIWKHRSHUDWRU V
FDE&KHFNWKHOHYHOLQWKHUHVHUYRLUWKURXJKWKHWKUHHKROHV
:$51,1* LQWKHRSHUDWRU VFDEIUDPH$GGIOXLGLIQHHGHGE\XVLQJWKH
&RPSUHVVHGDLUFDQPRYHSDUWLFOHVVRWKDWWKH\FDXVH ILOORSHQLQJORFDWHGRXWVLGHWKHRSHUDWRU VFDE
LQMXU\WRWKHXVHURUWRRWKHUSHUVRQQHO0DNHVXUHWKDW
WKHSDWKRIWKHFRPSUHVVHGDLULVDZD\IURPDOOSHUVRQ
QHO:HDUSURWHFWLYHJRJJOHVRUDIDFHVKLHOGWRSUHYHQW
LQMXU\WRWKHH\HV
&OHDQWKHUDGLDWRUZLWKFRPSUHVVHGDLURUZDWHUDVQHHGHG
%HFDUHIXOQRWWREHQGWKHUDGLDWRUILQV
,QVSHFWWKHUDGLDWRUVHFWLRQVIRUOHDNDJHDQGILQGDPDJH
5HSODFHGDPDJHGVHFWLRQVDQGKRVHV

7
0DLQWHQDQFH

+\GUDXOLF6\VWHP2LO &KHFNWKHK\GUDXOLFRLOOHYHOZKHQWKHERRPLVIXOO\ORZHUHG
DQGUHWUDFWHGDQGWKHHQJLQHLVVWRSSHG$GGK\GUDXOLFRLO
:$51,1* RQO\DVQHHGHG+\GUDXOLFRLOOHYHOLVFRUUHFWZKHQLWLVLQWKH
$WRSHUDWLQJWHPSHUDWXUHWKHK\GUDXOLFRLOLV+27'R JUHHQDUHD$GGK\GUDXOLFRLOLIWKHRLOOHYHOLVLQWKHUHGDUHD
QRWSHUPLWWKHRLOWRFRQWDFWWKHVNLQDQGFDXVHDEXUQ ,IK\GUDXOLFRLOOHYHOLVLQWKH\HOORZDUHDDQGWKHRLOLVFROG
WKHUHLVDULVNWKDWGXULQJRSHUDWLRQK\GUDXOLFRLOZLOOOHDNIURP
&$87,21 WKHEUHDWKHU6HH)LJXUH
'RQRWSHUPLWGLUWWRHQWHUWKHK\GUDXOLFV\VWHPZKHQWKH &KHFNWKHK\GUDXOLFV\VWHPIRUOHDNVDQGGDPDJHGRUORRVH
RLOOHYHOLVFKHFNHGRUWKHILOWHULVFKDQJHG FRPSRQHQWV
1HYHURSHUDWHWKHK\GUDXOLFSXPSVZLWKRXWRLOLQWKH
K\GUDXOLFV\VWHP7KHRSHUDWLRQRIWKHK\GUDXOLFSXPSV
ZLWKRXWRLOZLOOGDPDJHWKHSXPSV
2QO\XVHWKHRLOVSHFLILHGLQWKH0DLQWHQDQFH6FKHGXOH

&$87,21
$GGLWLYHVLQWKHK\GUDXOLFV\VWHPRLOPD\GDPDJHWKH
K\GUDXOLFV\VWHP%HIRUHXVLQJDGGLWLYHVFRQWDFW\RXU
ORFDO+<67(5GHDOHU

8
0DLQWHQDQFH

 +<'5$8/,&5(7851/,1(),/7(56
 %5($7+(56
 &29(5
 /(9(/,1',&$725
 ,163(&7,21&29(5
 68&7,21),/7(56
 +<'5$8/,&7$1.

)LJXUH+\GUDXOLF7DQNDQG)LOWHUV

79
0DLQWHQDQFH

(QJLQH2LO/HYHO $IWHUWKHHQJLQHKDVVWRSSHGZDLWRQHPLQXWHEHIRUHFKHFN
LQJWKHRLOOHYHO.HHSWKHRLODWWKHFRUUHFWOHYHODVLQGLFDWHG
:$51,1* RQWKHGLSVWLFN6HH)LJXUHRU)LJXUH8VHWKHFRUUHFW
/RQJWHUPH[SRVXUHWRXVHGHQJLQHRLOFDQFDXVHVNLQ RLODVVKRZQLQ7DEOH
LUULWDWLRQRUFDQFHU8VHFDXWLRQZKHQFKHFNLQJRUDGG
LQJRLOWRWKHHQJLQH,IRLOFRPHVLQFRQWDFWZLWKVNLQ
ZDVKZLWKGHWHUJHQWDQGZDWHU

0
0DLQWHQDQFH

$ /()7+$1'9,(: % 5,*+7+$1'9,(:
 2,/',367,&.  (/(&7521,&&21752/02'8/( (&0
 (1*,1(2,/),//&$3  $/7(51$7,9((1*,1(2,/),//
 )8(/),/7(5  67$57(5
 2,/),/7(5  +<'5$8/,&3803
 &22/$17),/7(5  75$160,66,21',367,&.
 (1*,1(2,/'5$,13/8*

)LJXUH(QJLQH0DLQWHQDQFH3RLQWV7LHU6WDJH,,,$

1
0DLQWHQDQFH

$ /()7+$1'9,(: % 5,*+7+$1'9,(:
 2,/',367,&.  (1*,1(2,/'5$,13/8*6
 (1*,1(2,/),//&$3  (/(&7521,&&21752/02'8/( (&0
 )8(/),/7(5  +<'5$8/,&38036
 2,/),/7(5  67$57(5
 (;+$867*$65(&,5&8/$7,21 (*5  75$160,66,21',367,&.

)LJXUH(QJLQH0DLQWHQDQFH3RLQWV7LHU6WDJH,,,%

2
0DLQWHQDQFH

+RZWR0DNH&KHFNV:LWK(QJLQH5XQQLQJ 0DNHVXUHWKDWWKHDUHDDURXQGWKHOLIWWUXFNLVFOHDUEHIRUH
VWDUWLQJWKHHQJLQHRUPDNLQJDQ\RSHUDWLRQDOFKHFNV%H
:$51,1* FDUHIXOZKHQPDNLQJWKHFKHFNV,IWKHOLIWWUXFNLVVWDWLRQDU\
([KDXVWIURPLQWHUQDOFRPEXVWLRQHQJLQHVFRQWDLQVFDU GXULQJDFKHFNDSSO\WKHSDUNLQJEUDNHDQGSXWWKHWUDQV
ERQPRQR[LGHDQGRWKHUKDUPIXOFKHPLFDOV&DUERQ PLVVLRQLQ1(875$/0DNHWKHFKHFNVFDUHIXOO\
PRQR[LGHLVDFRORUOHVVRGRUOHVVSRLVRQDQGFDQFDXVH 6HDW%HOW6HDW5DLOVDQG6WHHULQJ&ROXPQ
XQFRQVFLRXVQHVVRUGHDWKZLWKRXWZDUQLQJ/RQJWHUP
H[SRVXUHWRH[KDXVWRUFKHPLFDOVLQWKHH[KDXVWFDQ 7KHVHDWEHOWVHDWDQGPRXQWLQJDUHDOOSDUWRIWKHRSHUDWRU
FDXVHFDQFHUELUWKGHIHFWVDQGRWKHUUHSURGXFWLYH UHVWUDLQWV\VWHP(DFKLWHPPXVWEHFKHFNHGWRPDNHVXUHLW
KDUP LVDWWDFKHGVHFXUHO\IXQFWLRQVFRUUHFWO\DQGLVLQJRRGFRQ
GLWLRQ6HH)LJXUH
$YRLGH[SRVXUHWRHQJLQHH[KDXVW
0DNHVXUHWKHVHDWUDLOVDUHQRWORRVH7KHVHDWUDLOVPXVW
‡ 'RQRWXVHGLHVHOHQJLQHVLQGRRUVZKHUHVRRWFDQ
ORFNVHFXUHO\LQSRVLWLRQEXWPRYHIUHHO\ZKHQXQORFNHG7KH
DFFXPXODWH
VHDWUDLOVPXVWEHVHFXUHO\DWWDFKHGWRWKHPRXQWLQJVXUIDFH
‡ ,IHQJLQHVDUHRSHUDWHGLQFRQILQHGVSDFHVPDLQWDLQ
7KHHQGRIWKHVHDWEHOWPXVWIDVWHQFRUUHFWO\LQWKHODWFK
DGHTXDWHYHQWLODWLRQRUYHQWH[KDXVWWRWKHRXWVLGH
0DNHVXUHWKHVHDWEHOWSXOOVIURPWKHUHWUDFWRUDVVHPEO\DQG
'RQRWH[FHHGDSSOLFDEOHDLUFRQWDPLQDQWOLPLWV
UHWUDFWVVPRRWKO\7KHVHDWEHOWPXVWEHLQJRRGFRQGLWLRQ$
‡ )ROORZWKHLQVSHFWLRQDQGPDLQWHQDQFHVFKHGXOHDQG VHDWEHOWWKDWLVGDPDJHGRUWRUQZLOOQRWJLYHSURWHFWLRQZKHQ
SURFHGXUHVLQWKLVPDQXDO'RQRWDOWHUH[KDXVWLJQL LWLVQHHGHG,IWKHVHDWEHOWFDQQRWEHSXOOHGIURPWKHUHWUDFWRU
WLRQRUIXHOV\VWHPV DVVHPEO\UHSODFHWKHVHDWEHOWDVVHPEO\
)$67(1<2856($7%(/77KHVHDWEHOWLVLQVWDOOHGWR
KHOSWKHRSHUDWRUVWD\RQWKHWUXFNLIWKHOLIWWUXFNWLSV
RYHU,7&$121/<+(/3,),7,6)$67(1('

3
0DLQWHQDQFH

6WHHULQJ&ROXPQ/DWFK
0DNHVXUHWKHODWFKIRUWKHVWHHULQJFROXPQRSHUDWHVFRU
UHFWO\7KHODWFKPXVW127DOORZWKHFROXPQWRPRYHXQOHVV
WKHODWFKLVUHOHDVHG
*DXJHV/LJKWV+RUQ)XVHVDQG5HOD\V
6WDUWWKHHQJLQH&KHFNWKHJDXJHVDQGOLJKWVIRUFRUUHFW
RSHUDWLRQDVGHVFULEHGLQWKH2SHUDWLQJ0DQXDO&KHFNWKH
RSHUDWLRQRIWKHKRUQDQGUHYHUVHZDUQLQJDODUP7KHIXVH
SDQHOLVORFDWHGEHKLQGWKHGRRUDWWKHOHIWVLGHRIWKHLQVWUX
PHQWSDQHO7KHUHOD\VDUHORFDWHGOHIWRIWKHIXVHSDQHO6HH
)LJXUHDQG)LJXUH
7KHEDWWHU\FRPSDUWPHQWFRQWDLQWKHIXVHVIRUWKHDOWHUQDWRU
HQJLQH(&0DQGWUDQVPLVVLRQFRQWUROOHU6HH)LJXUH

 6($7%(/75(75$&725
 6($7%(/7/$7&+
 6($75$,/

)LJXUH6DIHW\%HOWDQG6HDW5DLOV

4
0DLQWHQDQFH

)LJXUH)XVH3DQHO

5
0DLQWHQDQFH
/HJHQGIRU)LJXUH ‡6($76863(16,21&2035(6625$
‡+($7(5$&9(17,/$7,21$
 )86(3$1(/ ‡23(1
‡(1*,1((&0$ ‡5(9(56(/,*+76$/$50$
‡75$160,66,21$  )86(3$1(/
‡/0,$77$&+0(17&21752/6$ ‡32:(562&.(79$
‡+<'5$8/,&&21752//(5$ ‡5$',2&%,17(5&20$
‡3$5.%5$.(62/(12,'$ ‡$,5&21',7,21,1*$
‡&219(57(5$ ‡+$=$5')/$6+(56$
‡2366<67(0$ ‡6752%(/,*+7%$
‡)52176&5((1:$6+:,3($ ‡95(/$<$
‡522)6&5((1:$6+:,3($ ‡23(1
‡5($56&5((1:$6+:,3($ ‡23(1
 )86(3$1(/ ‡32:(562&.(79$
‡23(1 ‡32:(562&.(76:,7&+('9$
‡(1*,1(&203$570(17/,*+7$  (&2(/26:,7&+
‡6723/,*+76$  +<'5$8/,&6(59,&(6:,7&+
‡+($'/,*+7$  75$160,66,21&$/,%5$7,216:,7&+
‡,17(5,25/,*+7,1*$  5(/$<6((),*85(
‡$77$&+0(17/,*+7$  ',$*1267,&3/8*
‡78516,*1$//$036$
‡6,'(7$,//,*+76$
‡5($5'5,9(/,*+76$
‡5(9(56(/,*+76$/$50$1'6752%($
 )86(3$1(/
‡(1*,1(67$57$
‡%220/,*+76$
‡,167580(17$7,21$
‡+251$
‡/8%5,&$7,21 237,21$/ $
‡$/7(51$725$

6
0DLQWHQDQFH
/HJHQGIRU)LJXUH
 6/,',1*&$%6:,7&+
 %$77(5<',6&211(&76:,7&+
 $3&
 *5,'+($7(55(/$<
 $/7(51$725)86( #9$
 &$%)86( #9$
 *5,'+($7(5)86( #9$
 $3&)86( #9$
 (&0%$77(5 #9$

)LJXUH0DLQ)XVHV

7
0DLQWHQDQFH
/HJHQGIRU)LJXUH
 23(1
 5(9(56(
 6/,',1*&$%&872))
 %8==(5
 +251
 6($76:,7&+
 %220/,*+76
 +<'5$8/,&&21752//(5
 9
 67$57(5(1$%/(
 67$57,1+,%,7
 1(875$/
 ,*1,7,21
 7:,67/2&.81/2&.
 /,*+76
 )/$6+(581,7
 0$,132:(5

:LQGRZVDQG0LUURUV
0DNHVXUHWKHZLQGRZVRIWKHFDEDUHFOHDQDQGWKHZLQGRZ
ZLSHUVRSHUDWHFRUUHFWO\+DYHWKHPLUURUVFRUUHFWO\DGMXVWHG
)DXOW&RGHV
,IWKHHQJLQHWUDQVPLVVLRQRUK\GUDXOLFFRQWUROOHUGHWHFWVD
)LJXUH5HOD\V IDXOWWKHKRXUPHWHUIDXOWFRGHGLVSOD\ZLOOVKRZDIDXOWFRGH
LQVWHDGRIWKHHQJLQHKRXUV7KHLQVWUXPHQWFOXVWHUORJVWKH

8
0DLQWHQDQFH
IDXOWFRGH,IDIDXOWDSSHDUVUHSRUWWKHIDXOWLPPHGLDWHO\'2 (QJLQH$LU)LOWHU
127RSHUDWHWKHOLIWWUXFNXQWLOWKHIDXOWLVFRUUHFWHG7KHFHQ
WUDOZDUQLQJOLJKWVZLOOEHLOOXPLQDWHGZKHQWKHUHLVDIDXOW 127(&OHDQWKHSUHFOHDQHUIRUWKHDLUILOWHUDVQHFHVVDU\
FRQGLWLRQ:KHQDOOIDXOWVKDYHEHHQFOHDUHGRUUHSDLUHGWKH 5HPRYHWKHFRYHUIRUWKHSUHFOHDQHUWKHQUHPRYHWKHGLUW
KRXUPHWHUIDXOWFRGHGLVSOD\ZLOOVKRZHQJLQHUXQQLQJKRXUV IURPWKHERZO,QVWDOOWKHERZODQGFRYHU6HH)LJXUH
DJDLQ 127(:KHQFOHDQLQJRIWKHDLUILOWHUFRQWDLQHULVQRWSHU
6HH&XPPLQV(QJLQH)DXOW&RGH*XLGH650 IRUPHGGXULQJPDLQWHQDQFHDQGRUZKHQUHSODFLQJWKHILOWHU
IRUHQJLQHIDXOWFRGHV GLUWZLOOJUDGXDOO\EXLOGXSLQWKHILOWHUKRXVLQJ7KLVPD\
FDXVHQRQSURSHUIXQFWLRQLQJRIWKHILOWHUXQLW,QVRPH
6HH$3&)DXOW&RGH*XLGH650IRUWUDQV FDVHVZKHQEHLQJLQVWDOOHGWKHILOWHUHOHPHQWFDQRQO\EH
PLVVLRQIDXOWFRGHV IRUFHGLQWRSODFH2YHUWLPHWKLVPD\FDXVHWKHILOWHUKRXVLQJ
6HH+\GUDXOLF&RQWURO6\VWHP650IRU WRFUDFN'LUWLQWKHXQILOWHUHGDLUFDQGDPDJHWKHHQJLQH
K\GUDXOLFV\VWHPIDXOWFRGHV &KHFNWKHDLUUHVWULFWLRQLQGLFDWRUZLWKWKHHQJLQHRSHUDWLQJ
+LJK([KDXVW6\VWHP7HPSHUDWXUH/LJKW 5HSODFHWKHPDLQHOHPHQWZKHQLQGLFDWRUOLJKWLV217KH
VDIHW\HOHPHQWVKRXOGEHFKDQJHGHYHU\WKLUGWLPHWKHPDLQ
0DNHVXUHWKHH[KDXVWSLSHRXWOHWLVQRWGLUHFWHGDWDQ\VXU HOHPHQWLVUHSODFHG
IDFHRUPDWHULDOWKDWPD\EHFRPHKD]DUGRXV,IWKHDUHDGRHV
7RLQVSHFWWKHHOHPHQWSXWDEULJKWOLJKWLQVLGHDQGORRNIRU
QRWDOORZKLJKH[KDXVWV\VWHPWHPSHUDWXUHVVZLWFKWKH
KROHVRURWKHUGDPDJH,IWKHHOHPHQWLVGDPDJHGUHSODFHLW
5HJHQHUDWLRQ&RQWURO6ZLWFKWRWKH21SRVLWLRQWRSRVWSRQH
ZLWKDQHZHOHPHQW&OHDQWKHLQVLGHRIWKHFDQLVWHUZLWKD
UHJHQHUDWLRQRIWKHGLHVHOSDUWLFXODWHILOWHU3HUIRUPD6WD
GDPSFORWKZKHQFKDQJLQJILOWHUV
WLRQDU\5HJHQHUDWLRQ3URFHGXUHDWHDUOLHVWFRQYHQLHQFH
6HHVHFWLRQRQ([KDXVW6\VWHP5HJHQHUDWLRQ 7LHUL
6WDJH,,,%(QJLQHV2QO\ LQWKLVPDQXDO

89
0DLQWHQDQFH

&RRODQW/HYHO LVFRROHGGRZQ,IFRRODQWLVDGGHGXVHDQ2$7 2UJDQLF


$FLG7HFKQRORJ\ W\SHFRRODQW$GGFRRODQWXQWLOFRRODQWOHYHO
:$51,1* MXVWWRXFKHVWKHWXEHLQWKHILOOHUQHFNRIWKHRYHUIORZWDQN
'2127UHPRYHWKHUDGLDWRUFDSZKHQWKHHQJLQHLVKRW 5HSRUWWKHGDWHDQGTXDQWLW\RIFRRODQWWKDWKDVEHHQDGGHG
:KHQWKHUDGLDWRUFDSLVUHPRYHGIURPWKHH[SDQVLRQ &KHFNWKHFRROLQJV\VWHPIRUOHDNVLIPRUHWKDQOLWHU
WDQNWKHSUHVVXUHLVUHOHDVHGIURPWKHV\VWHP,IWKH JDO PXVWEHDGGHGSHUUXQQLQJKRXUV
V\VWHPLVKRWWKHVWHDPDQGERLOLQJFRRODQWFDQFDXVH +LJK3UHVVXUH%UDNH&RROLQJ)LOWHU
EXUQV
5HSODFHWKHKLJKSUHVVXUHEUDNHFRROLQJILOWHUZKHQWKHZDUQ
&$87,21 LQJOLJKWLV21
'2127RSHUDWHWKHHQJLQHZKHQWKHFRRODQWWHPSHUD
/RZHUWKHPDVWVKXWGRZQWKHHQJLQHDQGDSSO\WKHSDUN
WXUHJDXJHQHHGOHLVLQWKHUHGDUHD(QJLQHGDPDJHFDQ
LQJEUDNH
RFFXU
$SSO\WKHEUDNHSHGDODPLQLPXPRIWHQWLPHVWRUHOLHYH
&$87,21 WKHK\GUDXOLFSUHVVXUH
$GGLWLYHVLQWKHFRRODQWPD\GDPDJHWKHFRROLQJV\V
WHP%HIRUHXVLQJDGGLWLYHVFRQWDFW\RXUORFDO+\VWHU 8VHDZUHQFKWRORRVHQWKHERZOWKDWKROGVWKHILOWHUFDU
GHDOHU WULGJH6HH)LJXUH

$GGFRRODQWZKHQWKH&RRODQW/HYHO:DUQLQJ/LJKWLV21 5HPRYHDQGUHSODFHWKHILOWHUFDUWULGJHDQGUHLQVWDOOWKH
%HIRUHRSHQLQJWKHUDGLDWRUFDSZDLWXQWLOWKHFRROLQJV\VWHP ERZO7RUTXHWR1‡P OEILQ 

0
0DLQWHQDQFH

$ 5($52)758&.
 +<'5$8/,&+,*+35(6685(),/7(5  &/2**,1*,1',&$725
 ),/7(5(/(0(17  25,1*%2:/

)LJXUH+\GUDXOLF+LJK3UHVVXUH)LOWHU

1
0DLQWHQDQFH

(QJLQH2LO3UHVVXUH 1(9(5ILOOWKHIXHOWDQNQHDUDQRSHQIODPHRUQHDUHTXLS
PHQWWKDWFDQFUHDWHVSDUNV1HYHUFKHFNWKHIXHOOHYHO
7KHUHLVDQRLOWHPSHUDWXUHZDUQLQJOLJKWRLOWHPSHUDWXUH RUFKHFNIRUOHDNVZLWKDQRSHQIODPH
JDXJHDQGDQRLOSUHVVXUHJDXJHIRUWKHHQJLQH7KHUHGOLJKW
LV21ZKHQWKHNH\VZLWFKLVLQWKH67$57SRVLWLRQDQGPXVW :KHQDGGLQJIXHONHHSWKHIXQQHORUIXHOQR]]OHLQFRQ
JR2))ZKHQWKHHQJLQHLVUXQQLQJ'XULQJQRUPDORSHUDWLRQ WDFWZLWKWKHPHWDORIWKHIXHOWDQNWRUHGXFHWKHSRVVL
WKHQHHGOHRIWKHWHPSHUDWXUHJDXJHZLOOEHLQWKHJUHHQDUHD ELOLW\RIVWDWLFHOHFWULFVSDUNV&OHDQDQ\VSLOOHGIXHO
WKHQHHGOHRIWKHSUHVVXUHJDXJHZLOOEHDSSUR[LPDWHO\LQWKH %UHDWKLQJIXHOYDSRUPD\FDXVHQDXVHDXQFRQVFLRXV
PLGGOHRIWKHVFDOH QHVVRUGHDWK/RQJWHUPH[SRVXUHWRIXHOYDSRUVPD\
FDXVHOLYHURUNLGQH\GDPDJHDQGFDQFHU$YRLGEUHDWK
)XHO/HYHO
LQJYDSRU
127(5HDGWKH)XHO/HYHO*DXJHUHJXODUO\$YRLGORZIXHO 5HPRYHWKHIXHOFDS0DNHVXUHWKHIXHOWDQNLVILOOHGZLWK
OHYHODQGUXQQLQJRXWRIIXHO5HIXHOLQWLPH WKHFRUUHFWIXHOIRUWKHW\SHRIHQJLQHLQWKHOLIWWUXFN6HH
7DEOH
:$51,1*
6WRSWKHHQJLQH7XUQWKHNH\VZLWFKWR2))7KHRSHUD ,QVWDOOWKHIXHOFDS
WRUPXVWEHRIIRIWKHOLIWWUXFNZKLOHIXHOLVDGGHG
&RQWURO/HYHUVDQG3HGDOV
1RVPRNLQJ
&KHFNWKDWWKHFRQWUROOHYHUVIRUWKHWUDQVPLVVLRQPDVW
$OOIXHOVIRULQWHUQDOFRPEXVWLRQHQJLQHVDUHYHU\IODP DWWDFKPHQWDQGWKHSHGDOVRSHUDWHDVGHVFULEHGLQWKLVPDQ
PDEOH XDO
)LOOWKHIXHOWDQNRQO\LQDGHVLJQDWHGDUHDZLWKJRRG
YHQWLODWLRQ+DYHDILUHH[WLQJXLVKHUDYDLODEOH

2
0DLQWHQDQFH

3DUNLQJ%UDNH 6WHHULQJ6\VWHP
127(7KHSDUNLQJEUDNHZKHQLQJRRGFRQGLWLRQDQGFRU
:$51,1*
UHFWO\DGMXVWHGZLOOKROGDOLIWWUXFNZLWKDFDSDFLW\ORDGRQD
7KHOLIWWUXFNKDVK\GUDXOLFSRZHUVWHHULQJ7KHVWHHULQJ
JUDGH>DVORSHWKDWLQFUHDVHVPLQP IWLQ
FDQEHGLIILFXOWZKHQWKHHQJLQHLVQRWUXQQLQJ
IW @
9HULI\WKHVWHHULQJV\VWHPRSHUDWHVVPRRWKO\DQGJLYHVJRRG
127($OZD\VDSSO\WKHSDUNLQJEUDNHZKHQWKHWUXFNLV
VWHHULQJFRQWURO
SDUNHG$SDUNLQJEUDNHWKDWLVQRWDSSOLHGZLOOGUDLQWKHEDW
WHULHV %RRP5RWDWRUDQG6SUHDGHU2SHUDWLRQ
&KHFNWKHRSHUDWLRQRIWKHSDUNLQJEUDNH7KHSDUNLQJEUDNH
PXVWDSSO\ZKHQWKHNQREIRUWKHSDUNLQJEUDNHLVSXOOHG7KH :$51,1*
SDUNLQJEUDNHPXVWUHOHDVHZKHQWKHNQRELVSXVKHG /RZHUDQGUHWUDFWWKHERRPFRPSOHWHO\1HYHUDOORZDQ\
RQHXQGHUDUDLVHGFDUULDJH'RQRWSXWDQ\SDUWRI\RXU
6HUYLFH%UDNHV ERG\LQRUWKURXJKWKHOLIWPHFKDQLVPXQOHVVDOOSDUWVRI
WKHPDVWDUHFRPSOHWHO\ORZHUHGDQGWKHHQJLQHLV6723
&KHFNWKHRSHUDWLRQRIWKHVHUYLFHEUDNHV7KHVHUYLFH
3('
EUDNHVPXVWDSSO\ZKHQWKHVHUYLFHEUDNHSHGDORUWKH
LQFKLQJEUDNHSHGDOLVGHSUHVVHG 'RQRWWU\WRORFDWHK\GUDXOLFOHDNVE\SXWWLQJKDQGVRQ
SUHVVXUL]HGK\GUDXOLFFRPSRQHQWV+\GUDXOLFRLOFDQEH
127(6OLJKWO\SXVKLQJWKHLQFKLQJEUDNHSHGDOZLOODSSO\WKH
LQMHFWHGLQWRWKHERG\E\SUHVVXUH
VHUYLFHEUDNHV)XUWKHUSXVKLQJZLOOIXOO\GLVHQJDJHWKHWUDQV
PLVVLRQ 'RWKHIROORZLQJFKHFNVDQGLQVSHFWLRQV
‡ &KHFNIRUOHDNVLQWKHK\GUDXOLFV\VWHP&KHFNWKHFRQGL
WLRQRIWKHK\GUDXOLFKRVHVDQGWXEHV

3
0DLQWHQDQFH
‡ 6ORZO\UDLVHDQGORZHUWKHERRPVHYHUDOWLPHVZLWKRXWD WKHERRP)XOO\GHUULFNXSWKHERRP XVHWKHRYHUULGHEXWWRQ
ORDG([WHQGDQGUHWUDFWWKHERRPDWOHDVWRQFH7KHERRP WRUHDFKWKHPD[LPXPH[WHQVLRQRIWKHGHUULFNF\OLQGHUV WKH
PXVWUDLVHDQGORZHUVPRRWKO\ GLVSOD\PXVWVKRZGIRUWKHDQJOHRIWKHERRP
‡ &KHFNWKDWWKHFRQWUROVIRUWKHERRPDQGVSUHDGHURSHUDWH $FWXDOORDGLQGLFDWLRQ3LFNXSDFRQWDLQHUZLWKDNQRZQ
WKHIXQFWLRQVFRUUHFWO\6HHWKHV\PEROVE\HDFKRIWKH ZHLJKWRIDSSUR[LPDWHO\WRQYHULI\WKDWWKHDFWXDOORDG
FRQWUROV LQGLFDWHGRQWKHGLVSOD\LVZLWKLQ“NJRIWKHDFWXDOZHLJKW
RIWKHFRQWDLQHU
6LJQDOV)URPWKH6SUHDGHU&RQWURO6\VWHP
/RDGPRPHQWLQWHUUXSW([WHQGWKHFRQWDLQHUVORZO\FORVHWR
&KHFNWKDWWKHFRQWUROOLJKWVRQWKHVSUHDGHUDQGRQWKH WKHJURXQGWLOOWKHDFWXDOORDGLVHTXDOWRWKHPD[LPXPORDG
7:,67PRGXOHZRUNFRUUHFWO\IRUWKHSRVLWLRQVVHDWHG 9HULI\WKDWWKHLQFUHDVHRIORDGPRPHQWLVSURKLELWHGE\WKH
ORFNHGDQGXQORFNHG H[WHQGDQGGHUULFNGRZQLQWHUUXSW
6LJQDOV)URPWKH/0, 7UDQVPLVVLRQ
&KHFN/0,LQGLFDWRUOLJKWVDWVWDUWXSDQGGXULQJRSHUDWLRQ ,QVSHFWIRUOHDNV0DNHVXUHWKHWUDQVPLVVLRQLVVKLIWLQJ
+DYHWKH/0,UHSDLUHGLILWGRHVQRWIXQFWLRQDVGHVFULEHGLQ VPRRWKO\,IDSUREOHPLVSUHVHQWUHSRUWWKLVSUREOHPLPPH
WKHRSHUDWLQJPDQXDO GLDWHO\'2127RSHUDWHWKHOLIWWUXFNXQWLOWKHSUREOHPLV
,QRUGHUWRFKHFNWKHFRUUHFWIXQFWLRQLQJRIWKH/0,VHQVRUV FRUUHFWHG
FKHFNWKHERRPDQJOHOHQJWKVHQVRUDFWXDOORDGLQGLFDWLRQ 2SHUDWRU3UHVHQFH6\VWHP
DQGORDGPRPHQWLQWHUUXSW
127(7KH2SHUDWRU3UHVHQFH6\VWHP 236 LVGHVLJQHGWR
%RRPDQJOHOHQJWKVHQVRU)XOO\UHWUDFWWKHERRPWKHGLVSOD\
IXQFWLRQDIWHUDVOLJKWGHOD\ VHF WRDOORZWKHRSHUDWRUWR
PXVWVKRZPIRUWKHERRPOHQJWK)XOO\H[WHQGWKHERRP
UHSRVLWLRQKLPVHOIZLWKRXWGLVHQJDJLQJWKHWUDQVPLVVLRQ
WKHGLVSOD\PXVWVKRZPIRUWKHERRPOHQJWK)XOO\GHUULFN
GRZQWKHERRPWKHGLVSOD\PXVWVKRZGIRUWKHDQJOHRI

4
0DLQWHQDQFH
7KH236IHDWXUHKDVDQHOHFWULFDOVZLWFKLQWKHVHDWZKLFK +RZWR$GG)XHOWRWKH5HDFK6WDFNHU
VHQVHVWKHSUHVHQFHRIWKHRSHUDWRU:KHQWKHRSHUDWRULVLQ
WKHVHDWWKHWUDQVPLVVLRQFDQEHHQJDJHGDQGK\GUDXOLF :$51,1*
IXQFWLRQVFDQEHRSHUDWHG:KHQWKHRSHUDWRULVDEVHQWWKH 6WRSWKHHQJLQH7XUQWKHNH\VZLWFKWR2))7KHRSHUD
WUDQVPLVVLRQZLOOGLVHQJDJHDQGK\GUDXOLFOLIWORZHUDQGWLOW WRUPXVWEHRIIRIWKH5HDFK6WDFNHUZKLOHIXHOLVDGGHG
IXQFWLRQVFDQQRWEHRSHUDWHG
1RVPRNLQJ
,QRUGHUWRFKHFNRSHUDWLRQRIWKH236\RXPXVWUDLVH\RXU
VHOIIURPWKHVHDWIRUPRUHWKDQVHFWRPDNHVXUHWKDW $OOIXHOVIRULQWHUQDOFRPEXVWLRQHQJLQHVDUHYHU\IODP
WKHV\VWHPZLOOGLVHQJDJHWKHWUDQVPLVVLRQDQGWKHK\GUDXOLF PDEOH
IXQFWLRQVZLWKWKHDEVHQFHRIWKHRSHUDWRU )LOOWKHIXHOWDQNRQO\LQDGHVLJQDWHGDUHDZLWKJRRG
‡ 7RUHVHWWKH236IRUWKHK\GUDXOLFIXQFWLRQVWKHRSHUDWRU YHQWLODWLRQ+DYHDILUHH[WLQJXLVKHUDYDLODEOH
PXVWEHVHDWHG 1HYHUILOOWKHIXHOWDQNQHDUDQRSHQIODPHRUQHDUHTXLS
‡ 7RUHVHWWKH236IRUWKHWUDQVPLVVLRQWKHRSHUDWRUPXVW PHQWWKDWFDQFUHDWHVSDUNV1HYHUFKHFNIXHOOHYHORU
EHVHDWHGDQGUHHQJDJHWKHWUDQVPLVVLRQ FKHFNIRUOHDNVZLWKDQRSHQIODPH

7RUHHQJDJHWKHWUDQVPLVVLRQWKHRSHUDWRUPXVWHLWKHU :$51,1*
‡ 'HSUHVVWKHLQFKLQJEUDNHSHGDOPRUHWKHQ %UHDWKLQJIXHOYDSRUPD\FDXVHQDXVHDXQFRQVFLRXV
QHVVRUGHDWK/RQJWHUPH[SRVXUHWRJDVROLQHYDSRUV
‡ 0RYHWKHJHDUVHOHFWRULQWRWKH1(875$/SRVLWLRQRUDQG PD\FDXVHOLYHURUNLGQH\GDPDJHDQGFDQFHU$YRLG
WKHQPRYHWKHJHDUVHOHFWRULQWRWUDYHOPRGH EUHDWKLQJYDSRU
‡ 0DNHDGLUHFWLRQFKDQJHXVLQJWKH0212752/ŠSHGDO 5HPRYHWKHIXHOFDS0DNHVXUHWRILOOWKHWDQNZLWKWKH
FRUUHFWIXHO6HH7DEOH&OHDQWKHIXHOFDS

5
0DLQWHQDQFH
5HSODFHWKHIXHOFDS &RPSOHWHO\UHPRYHWKHDLUSUHVVXUHIURPWKHWLUHEHIRUH
LWLVUHPRYHGIURPWKH5HDFK6WDFNHU:KHQGXDOZKHHOV
:$51,1* DUHLQVWDOOHGUHPRYHWKHDLUSUHVVXUHIURPERWKWLUHV$LU
:KHQDGGLQJIXHONHHSWKHIXQQHORUIXHOQR]]OHLQFRQ SUHVVXUHLQWKHWLUHVFDQFDXVHWKHWLUHDQGZKHHOSDUWV
WDFWZLWKWKHPHWDORIWKHIXHOWDQNWRUHGXFHWKHSRVVL WRH[SORGHFDXVLQJVHULRXVLQMXU\RUGHDWK
ELOLW\RIVWDWLFHOHFWULFVSDUNV&OHDQDQ\VSLOOHGIXHO
5HDFK6WDFNHUZKHHOVDUHYHU\KHDY\XVHFDXWLRQZKHQ
3QHXPDWLF7LUHVDQG:KHHOV UHPRYLQJZKHHOVRUSHUVRQDOLQMXU\PD\RFFXU
5DLVHWKH5HDFK6WDFNHUDVGHVFULEHGLQ+RZWR3XWD
:$51,1* 5HDFK6WDFNHURQ%ORFNVLQWKLVPDQXDO
7KHW\SHRIWLUHDQGWLUHSUHVVXUHDUHVKRZQRQWKHQDPH
SODWH0DNHVXUHWKHQDPHSODWHLVFRUUHFWIRUWKHW\SHRI 5HPRYHWKHDLUIURPWKHWLUH5HPRYHWKHYDOYHFRUHWR
WLUHVRQWKH5HDFK6WDFNHU PDNHVXUHWKDWDOORIWKHDLULVRXWRIWKHLQQHUWXEH3XVKD
ZLUHWKURXJKWKHYDOYHVWHPWRPDNHVXUHWKDWWKHVWHPGRHV
5HPRYH:KHHOV)URPWKH5HDFK6WDFNHU QRWKDYHDUHVWULFWLRQ,IGXDOWLUHVDUHLQVWDOOHGUHPRYHWKH
DLUSUHVVXUHIURPERWKWLUHV6HH)LJXUH
:$51,1* 5HPRYHWKHZKHHOQXWVWKHQUHPRYHWKHZKHHODQGWLUH
:KHHOVPXVWEHFKDQJHGDQGWLUHVUHSDLUHGE\WUDLQHG IURPWKH5HDFK6WDFNHU
SHUVRQQHORQO\
$OZD\VZHDUVDIHW\JODVVHV

6
0DLQWHQDQFH

$ 67((5:+((/ % '5,9(:+((/6
 6,'()/$1*(  /2&.5,1*  :('*(%$1'
 :+((/5,0  25,1*  63$&(5
 )/$1*(6($7  5,0&/$03  '5,9(5
 9$/9(67(0  +8%

)LJXUH:KHHO$UUDQJHPHQWV

7
0DLQWHQDQFH

5HPRYH7LUH)URPWKH:KHHO

:$51,1*
.HHSWLUHWRROVLQILUPFRQWDFWZLWKZKHHOVSDUWV,IWKH
WRROVOLSVLWFDQPRYHZLWKHQRXJKIRUFHWRFDXVHVHUL
RXVLQMXU\6HH7LUH5HPRYDO)URP)LYH3LHFH:KHHO
7LUH5HPRYDO)URP)LYH3LHFH:KHHO

3XVKWKHIODQJHVHDWGRZQZDUGDQGUHPRYHWKHVHDOULQJ

/RRVHQWKHWLUHIURPWKHVLGHIODQJH5HPRYHWKHGULYHU
ZKHQLQVWDOOHG5HPRYHWKHORFNULQJ
5HPRYHWKHVLGHIODQJHDQGIODQJHVHDW

8
0DLQWHQDQFH
‡ '2127PL[SDUWVEHWZHHQGLIIHUHQWW\SHVRUPDQX
IDFWXUHUVRIZKHHOV
‡ '2127PL[W\SHVRIWLUHVW\SHRIWLUHWUHDGRUZKHHO
DVVHPEOLHVRIGLIIHUHQWPDQXIDFWXUHUVRQDQ\RQH
5HDFK6WDFNHU
'RQRWXVHDVWHHOKDPPHURQWKHZKHHO8VHDUXEEHU
OHDGSODVWLFRUEUDVVKDPPHUWRSXWSDUWVWRJHWKHU
0DNHVXUHWKDWWKHORFNULQJLVLQWKHFRUUHFWSRVLWLRQ
/RRVHQWKHWLUHIURPWKHRWKHUVLGHRIWKHZKHHOULP 7KHHQGVRIWKHORFNULQJPXVWQRWWRXFK7KHFOHDUDQFH
5HPRYHWKHVLGHIODQJH5HPRYHWKHULPIURPWKHWLUH DWWKHHQGVRIWKHORFNULQJZLOOEHDSSUR[LPDWHO\WR
PP WRLQ DIWHULWLVLQVWDOOHG,IWKHFOHDUDQFHLV
,QVWDOO7LUHRQWKH:KHHO ZURQJWKHZURQJSDUWKDVEHHQXVHG

:$51,1* &OHDQDQGLQVSHFWDOOSDUWVRIWKHZKHHO3DLQWDQ\SDUWV
:KHHOVFDQH[SORGHDQGFDXVHLQMXU\RUGHDWKLIWKHIRO WKDWKDYHUXVWRUFRUURVLRQ
ORZLQJSURFHGXUHVDUHQRWIROORZHG ,QVWDOODQHZLQQHUWXEHLQWKHWLUH8VHGWXEHVDQGIODSV
‡ &OHDQDQGLQVSHFWDOOSDUWVRIWKHZKHHOEHIRUHLQVWDO FDQFDXVHWLUHIDLOXUH6RPHLQQHUWXEHVDOVRUHTXLUHD
OLQJWKHWLUH EDFNXSZDVKHURQWKHYDOYHVWHP

‡ '2127XVHDQ\GDPDJHGRUUHSDLUHGZKHHOSDUWV $SSO\DUXEEHUOXEULFDQWRUDVRDSVROXWLRQWRWKHWLUHEHDG
DQGWXEH
‡ 0DNHVXUHWKDWDOOSDUWVRIWKHZKHHODUHWKHFRUUHFW
SDUWVIRUWKDWZKHHODVVHPEO\

199
0DLQWHQDQFH
3XWWKHULPRQEORFNV,QVWDOOWKHVLGHIODQJH0DNHVXUH
:$51,1*
WKHVLGHIODQJHLVHQJDJHGZLWKWKHULP
'RQRWOXEULFDWHWKHWLUHEHDGZLWKDQWLIUHH]HRUSHWUR
OHXPEDVHGOLTXLG9DSRUVIURPWKHVHOLTXLGVFDQFDXVH
DQH[SORVLRQGXULQJLQIODWLRQRUXVH
,QVWDOODQHZWLUHIODS8VHGWXEHVDQGIODSVFDQFDXVHWLUH
IDLOXUH
0DNHVXUHWKHULPLVWKHFRUUHFWVL]HIRUWKHWLUH/XEULFDWH
WKHSDUWRIWKHZKHHOWKDWFRQWDFWVWKHEHDGDQGIODS
,QVWDOOWKHWLUHLQWKHZKHHODVVKRZQLQ7LUH,QVWDOODWLRQ
RQ)LYH3LHFH:KHHO
7LUH,QVWDOODWLRQRQ)LYH3LHFH:KHHO
,QVWDOOWKHYDOYHVWHPLQWKHULP,QVWDOOWKHWLUHRQWKHULP

,QVWDOOWKHIODQJHVHDWDQGVLGHIODQJH

200
0DLQWHQDQFH

$GG$LU3UHVVXUHWRWKH7LUHV

:$51,1*
$GGDLUSUHVVXUHWRWKHWLUHVRQO\LQDVDIHW\FDJH,QVSHFW
WKHVDIHW\FDJHIRUGDPDJHEHIRUHXVH:KHQDLUSUHV
VXUHLVDGGHGWRWKHWLUHXVHDQDLUFKXFNWKDWIDVWHQV
RQWRWKHYDOYHVWHPRIWKHLQQHUWXEH0DNHVXUHWKHUHLV
3XVKWKHIODQJHVHDWGRZQIRUDFFHVVWRWKHJURRYHIRUWKH HQRXJKDLUKRVHWRSHUPLWWKHRSHUDWRUWRVWDQGDZD\
VHDOULQJ,QVWDOOWKHVHDOULQJ IURPWKHVDIHW\FDJHZKHQDLUSUHVVXUHLVDGGHGWRWKH
WLUH
'RQRWVLWRUVWDQGE\WKHVDIHW\FDJH'RQRWXVHDKDP
PHUWRWU\DQGFRUUHFWWKHSRVLWLRQRIWKHVLGHIODQJHRU
ORFNULQJZKHQWKHWLUHKDVDLUSUHVVXUHJUHDWHUWKDQ
N3D SVL 
3XWWKHWLUHLQDVDIHW\FDJH6HH)LJXUH
$GGN3D SVL RIDLUSUHVVXUHWRWKHWLUH

,QVWDOOWKHORFNULQJ0DNHVXUHDOOSDUWVDUHFRUUHFWO\ &KHFNWKDWDOOZKHHOSDUWVDUHFRUUHFWO\LQVWDOOHG6HH)LJ
DOLJQHG:KHQFRUUHFWO\LQVWDOOHGWKHUHZLOOEHDWRPP XUH+LWWKHORFNULQJOLJKWO\WRPDNHVXUHWKDWLWLVLQWKH
WRLQ FOHDUDQFHEHWZHHQWKHHQGVRIWKHVLGHULQJ VHDW
DQGRUWKHORFNULQJ,IUHPRYHGLQVWDOOWKHGULYHULQWKHOXJ ,ILQVWDOODWLRQLVFRUUHFWDGGDLUWRWKHWLUHWRWKHVSHFLILHG
$GGDLUSUHVVXUHWRWKHWLUHDVGHVFULEHGLQ$GG$LU3UHVVXUH SUHVVXUH
WRWKH7LUHV

1
0DLQWHQDQFH
&KHFNWKDWDOOZKHHOSDUWVDUHFRUUHFWO\LQVWDOOHG,ILQVWDO ,QVWDOO:KHHOVRQWKH5HDFK6WDFNHU
ODWLRQLVQRWFRUUHFWUHPRYHDOORIWKHDLUSUHVVXUHIURPWKH
WLUH5HPRYHWKHYDOYHFRUHWRPDNHVXUHDOORIWKHDLUSUHV $OLJQDQGLQVWDOOWKHZKHHO V DQGWLUH V RQWKHKXE
VXUHKDVEHHQUHPRYHGDQGPDNHDGMXVWPHQWV7KHFOHDU 8VHWKHVHTXHQFHVKRZQLQ)LJXUH)LUVWWLJKWHQWKHQXWV
DQFHDWWKHHQGVRIWKHORFNULQJZLOOEHWRPP WR WR1‡P OEIIW WKHQWLJKWHQWR1‡P OEIIW &KHFN
LQ ZKHQWKHWLUHKDVWKHFRUUHFWDLUSUHVVXUH IRUFRUUHFWDOLJQPHQWRIZKHHOSDUWVDQGLQVLGHZKHHOWRKXE
DOLJQPHQWDIWHUWLJKWHQLQJQXWVWKURXJK)LQDOO\WLJKWHQ
WKHQXWVWRWKHWRUTXHYDOXHVKRZQLQWKH0DLQWHQDQFH
6FKHGXOHDQG)LJXUH

&$87,21
&KHFNDOOZKHHOQXWVDIWHUWRKRXUVRIRSHUDWLRQZKHQ
QHZ5HDFK6WDFNHUEHJLQRSHUDWLRQDQGRQDOO5HDFK
6WDFNHUZKHQWKHGULYHZKHHOVKDYHEHHQUHPRYHGDQG
LQVWDOOHG7LJKWHQWKHQXWVDVVKRZQLQ)LJXUH:KHQ
WKHQXWVVWD\WLJKWIRUHLJKWKRXUVWKHLQWHUYDOIRUFKHFN
LQJWKHWRUTXHFDQEHH[WHQGHGWRKRXUV

)LJXUH$GG$LUWRWKH7LUHV

2
0DLQWHQDQFH

$ 67((5:+((/ & '5,9(:+((/.(66/(5


% '5,9(:+((/$;/(7(&+

)LJXUH:KHHO1XW7LJKWHQLQJ6HTXHQFH
+RZWR3XW,QWHUQDO&RPEXVWLRQ(QJLQH ,&( %HIRUHSODFLQJDQ\5HDFK6WDFNHULQVWRUDJH\RXPXVW
5HDFK6WDFNHULQ6WRUDJH FKRRVHDQDUHDWKDWLVFOHDQGU\DQGIUHHIURPDLUERUQH
FRQWDPLQDWHV)RUVDIHW\DQGLQFUHDVHGXVDEOHIORRUDUHD
,WLVLPSRUWDQWWRVWRUH\RXU5HDFK6WDFNHUSURSHUO\WRSURWHFW UHPRYHWKHIRUNVDQGWDJWKHPZLWKWKH5HDFK6WDFNHUVHULDO
LW7KHPDLQDUHDVRIFRQFHUQDUHHQJLQHVK\GUDXOLFFRPSR QXPEHU)RUEHVWSURWHFWLRQRSHUDWH\RXULQWHUQDOFRPEXV
QHQWVDQGWUXFNEDWWHULHV7KHOHQJWKRIVWRUDJHWLPHDQGWKH WLRQHQJLQH5HDFK6WDFNHUIRUDVKRUWSHULRGHDFKPRQWK
VWRUDJHORFDWLRQGHWHUPLQHVZKDWSURFHGXUHV\RXVKRXOGIRO
7KHIROORZLQJVWRUDJHSURFHGXUHVDUHIRUFRQGLWLRQVDQGWHP
ORZ
SHUDWXUHVDERYHƒ& ƒ) $GMXVWWKHVHSURFHGXUHVIRU
ORFDOFRQGLWLRQVDQGDQ\FKDQJHVLQFRQGLWLRQVGXULQJ

3
0DLQWHQDQFH
VWRUDJH7KHSUHSDUDWLRQVQHFHVVDU\IRUVWRUDJHDUHDOVR $FWLYDWHHDFKFRQWUROOHYHUWRUHOLHYHK\GUDXOLFSUHVVXUH
GHWHUPLQHGIURPWKHIROORZLQJFRQGLWLRQV
,QVWDOOEORFNVIURQWDQGUHDUDWWKHGULYHZKHHOV,IWKH
‡ 6KRUWWHUPVWRUDJHLVIURPRQHWRVL[PRQWKV/RQJWHUP 5HDFK6WDFNHUPXVWEHOHIWRQDQLQFOLQHSXWEORFNVRQWKH
VWRUDJHLVRYHUVL[PRQWKV GRZQKLOOVLGHRIDOOZKHHOVVRWKDWWKH5HDFK6WDFNHUFDQQRW
PRYH'212786(7+(3$5.,1*%5$.(
‡ 6WRUDJH/RFDWLRQ$5HDFK6WDFNHUVWRUHGLQGRRUVZLOOQRW
UHTXLUHDVPXFKH[WHUQDOSURWHFWLRQDVD5HDFK6WDFNHU 'LVFRQQHFWWKHEDWWHU\FDEOHVIURPWKHEDWWHU\$SSO\D
VWRUHGRXWGRRUV SURWHFWLYHFRDWLQJWRWKHFDEOHFRQQHFWRUVDQGEDWWHU\WHUPL
QDOVWRSUHYHQWFRUURVLRQ
6KRUW7HUP6WRUDJH
&KHFNWKHWLUHSUHVVXUHLIDSSOLFDEOH0DNHVXUHWKHWLUHV
3HUIRUPWKHIROORZLQJVWHSVWRSUHSDUH\RXU5HDFK6WDFNHU KDYHWKHFRUUHFWSUHVVXUH VHHWKH1DPHSODWH 
IRUVWRUDJHIURPRQHWRVL[PRQWKV
&OHDQWKH5HDFK6WDFNHUDQGHQJLQHFRPSDUWPHQWWRSUH
&KDQJHHQJLQHRLO&KHFNOXEULFDQWDQGIOXLGOHYHOV&RP YHQWFRUURVLRQ
SOHWHO\ILOOWKHIXHOWDQN0DNHVXUHWKHFRRODQWPL[WXUHZLOO
SURWHFWFRROLQJV\VWHPDQGHQJLQHWRORZHVWWHPSHUDWXUH ,IWKH5HDFK6WDFNHULVQRWVWRUHGLQGRRUVSXWDFRYHURYHU
H[SHFWHGGXULQJVWRUDJH0DNHVXUHDOOFDSVDQGGLSVWLFNV WKH5HDFK6WDFNHUWRSUHYHQWGDPDJHIURPWKHZHDWKHU,Q
DUHLQVWDOOHGFRUUHFWO\ ZHWFRQGLWLRQVDFRYHUZLOOQRWSUHYHQWFRUURVLRQWRWKH
5HDFK6WDFNHU
)XOO\ORZHUDQGUHWUDFWWKHERRP$SSO\DWKLQFRDWRIIUHVK
KLJKJUDGH6$(RUZHLJKWHQJLQHRLOWRWKHH[SRVHG /RQJ7HUP6WRUDJH
F\OLQGHUURGV
'RWKHIROORZLQJVWHSVWRSUHSDUHWKH5HDFK6WDFNHUIRUVWRU
&KHFNWKDWDOOVZLWFKHVDQGDFFHVVRULHVDUHLQWKH2)) DJHIRUPRQWKVRUORQJHU
SRVLWLRQ
&RPSOHWHDOOVKRUWWHUPVWRUDJHSURFHGXUHV

4
0DLQWHQDQFH
:UDSRUFRYHUDOOH[WHULRUOLJKWVUDGLDWRUJULOODQGDLUYHQWV (DFKPRQWKDOOK\GUDXOLFF\OLQGHUVPXVWEHF\FOHGVHYHUDO
ZLWKDPRLVWXUHEDUULHUFRYHU8VHWDSHWRKROGWKHFRYHUVLQ WLPHVWRNHHSWKHVHDOVDFWLYHDQGWRFRDWWKHLQWHULRUZDOOV
SODFH ZLWKRLO$FWXDWHHDFKF\OLQGHULQERWKGLUHFWLRQVXQWLOLWUHD
FKHVWKHVWRSV
5HPRYHWKHEDWWHU\RUEDWWHULHVIURPWKH5HDFK6WDFNHU
6WRUHWKHEDWWHU\RUEDWWHULHVLQDQDSSURYHGVSDFH%HVXUH 5HWXUQ5HDFK6WDFNHUWRLWVVWRUDJHVWDWHIRUDQRWKHUPRQWK
WRIROORZORFDOUHJXODWLRQV%DWWHULHVWKDWDUHVWRUHGIRUORQJ
SHULRGVFDQEHFRPHGDPDJHG(LWKHUNHHSEDWWHULHVLQVHUY +RZWR3XW%DWWHULHVLQ6WRUDJH
LFHRUIROORZWKHEDWWHU\VWRUDJHSURFHGXUHVEHORZ %DWWHULHVDUHWREHSODFHGRQDZRRGHQSDOOHWDQGVWRUHGLQ
6SUD\H[WHULRUVXUIDFHVDQGIUDPHZLWKSUHVHUYDWLYHFRDW DGU\PRGHUDWHO\FRRODUHD
LQJ /HDGDFLGEDWWHULHVZLOOVORZO\VHOIGLVFKDUJHRYHUDSHULRG
:KLOHWKH5HDFK6WDFNHULVLQ6WRUDJH RIWLPHGXHWRWKHLUFKHPLFDOPDNHXS,IWKHVHOIGLVFKDUJHLV
OHIWXQFRQWUROOHGH[FHVVLYHVXOSKDWLRQFDQRFFXUZKLFKLV
(DFKPRQWKPDNHDYLVXDOLQVSHFWLRQIRUOHDNVRUVLJQVRI GLIILFXOWWRUHGXFHDQGFDQGDPDJHWKHDQRGHV$GLVFKDUJHG
GHWHULRUDWLRQ7DNHFRUUHFWLYHDFWLRQLPPHGLDWHO\&KHFNWKH EDWWHU\ZLWKDVSHFLILFJUDYLW\RIZLOOIUHH]HDWíƒ&
IOXLGOHYHOLQHQJLQHUDGLDWRUK\GUDXOLFWDQNDQGEUDNHPDV ƒ) $IXOO\FKDUJHGEDWWHU\ZLWKDVSHFLILFJUDYLW\RI
WHUF\OLQGHU ZLOOIUHH]HDWíƒ& ƒ) 
127('2127VKXWGRZQDQHQJLQHEHIRUHLWUHDFKHVRSHU 7KLVVHOIGLVFKDUJHGLVFKDUJHLVGXHWRDFKHPLFDOUHDFWLRQ
DWLQJWHPSHUDWXUH WKHUHIRUHWKDWFKHPLFDOUHDFWLRQFDQEHDFFHOHUDWHGE\KHDW
UHVXOWLQJLQPRUHUDSLGVHOIGLVFKDUJH7KHUDWHRIGLVFKDUJH
(DFKPRQWKVHWWKHSDUNEUDNHVWDUWHQJLQHDQGUXQXQWLO
FDQDPRXQWWRDQDYHUDJHRIDERXWSRLQWGURSLQVSH
QRUPDORSHUDWLQJWHPSHUDWXUHLVUHDFKHG7KLVZLOOFRDWWKH
FLILFJUDYLW\SHUGD\
LQWHUQDOHQJLQHFRPSRQHQWVZLWKDILOPRIRLODQGULGWKH
HQJLQHRIEXLOWXSFRQGHQVDWLRQ

5
0DLQWHQDQFH
7KHIROORZLQJSURFHGXUHFDQEHIROORZHGZKHQSODFLQJDEDW &KHFNWKH5HDFK6WDFNHUIRUGDPDJHDQGPLVVLQJFRP
WHU\LQVWRUDJHRUZKHQQRWLQRSHUDWLRQIRUPRUHWKDQ SRQHQWV5HSDLUGDPDJHDQGRUUHSODFHPLVVLQJFRPSR
GD\V QHQWV
*LYHDQHTXDOL]LQJFKDUJHSULRUWRSODFLQJQHZEDWWHULHVLQ 127(,IWKH5HDFK6WDFNHUKDVEHHQVWRUHGORQJHUWKDQRQH
VWRUDJH8VHGEDWWHULHVDUHWREHIXOO\FKDUJHGWKHQDOORZHG \HDUDOOOXEULFDQWVDQGIOXLGVPXVWEHGUDLQHGDQGUHSODFHG
WREDODQFHIRUDSSUR[LPDWHO\WKUHHPRUHKRXUV RUSHUIRUPRLODQDO\VLVWRGHWHUPLQHFRQGLWLRQRIOXEULFDQWDQG
UHSODFHLIQHFHVVDU\6HHWKH3HULRGLF0DLQWHQDQFHVHF
1HXWUDOL]HDQGFOHDQWKHEDWWHU\&OHDQZLWKDVROXWLRQRI
WLRQRI\RXU6HUYLFH0DQXDOIRUWKHSURFHGXUHV
JUDPV R] RIVRGLXPELFDUERQDWH EDNLQJVRGD SHU
OLWHU JDO RIZDWHU &OHDQWKHEDWWHU\FDEOHVDQGWHUPLQDOV&KHFNWKHEDWWHU\
YROWDJH,IWKHYROWDJHLVQRWFRUUHFWFKDUJHEDWWHU\&RQQHFW
6WRUHLQDFRROGU\ORFDWLRQ
EDWWHU\FDEOHVWREDWWHU\
&KHFNHDFKFHOOLQWKHEDWWHU\DWOHDVWRQFHHYHU\GD\V
:KHQD5HDFK6WDFNHULVWREHSXWLQWRVHUYLFHDIWHUVWRU
DQGERRVWFKDUJHZKHQVSHFLILFJUDYLW\IDOOVEHORZ+J
DJHLWPXVWEHJLYHQWKHKRXULQVSHFWLRQVKRZQLQWKH
3URWHFWEDWWHULHVIURPDPELHQWFRQWDPLQDWLRQ 5HFRPPHQGHG6FKHGXOHRI0DLQWHQDQFH
,IDJUHDV\ILOPIRUPVRQWKHWRSRIDEDWWHU\WKLVLVDFLGDQG +RZWR0RYHD5HDFK6WDFNHURQD7UDQVSRUW
PXVWEHQHXWUDOL]HGZLWKWKHVROXWLRQGHVFULEHGDERYH
3XWWLQJD6WRUHG5HDFK6WDFNHU%DFN,QWR :$51,1*
6WD\DVDIHGLVWDQFHIURPWKHHGJHRIGRFNVUDPSVSODW
6HUYLFH IRUPVDQGRWKHUVLPLODUZRUNLQJVXUIDFHV:DWFKWKH
5HPRYHDOOWDSHFRYHUVDQGSUHVHUYDWLRQPDWHULDOV WDLOVZLQJ5HPHPEHUZKHQWUDYHOLQJLQWKHIRUZDUG
GLUHFWLRQDQGWKHVWHHULQJZKHHOLVWXUQHGWRPRYHWKH
5HDFK6WDFNHUDZD\IURPWKHHGJHRIWKHGRFNWKHUHDU

6
0DLQWHQDQFH
ZLOOVZLQJWRZDUGWKHHGJH7KLVFDQFDXVHWKH5HDFK /RDGLQJ
6WDFNHUWRIDOORIIWKHGRFN
:$51,1*
:$51,1* 7KHVWUDSVRUFKDLQVXVHGWRIDVWHQWKH5HDFK6WDFNHUWR
,)7+(5HDFK6WDFNHU)$//62))7+('2&.'2127 WKHWUDQVSRUWPXVWEHGLUHFWO\FRQQHFWHGWRWKH5HDFK
-8032))+2/'),50/<7267((5,1*:+((/ 6WDFNHUIUDPHRUWRDFRPSRQHQW GULYHD[OHWRZSLQ WKDW
%5$&(<285)((7$1'/($1)25:$5'$1'$:$< LVVROLGO\DWWDFKHGWRWKHIUDPH'2127IDVWHQDVWUDS
)5207+(32,172),03$&7 RUFKDLQWRWKHPDVWRUDQ\DWWDFKPHQWWRKROGWKH5HDFK
%HIRUHWKH5HDFK6WDFNHULVPRYHGRQWUDQVSRUWFKHFNWKH 6WDFNHURQWKHWUDQVSRUW
VHOHFWHGURXWHWRPDNHVXUHWKHUHLVHQRXJKFOHDUDQFHIRU
WKH5HDFK6WDFNHUDVORDGHGRQWKHWUDQVSRUWYHKLFOH &$87,21
%ULGJHVRYHUSDVVHVSRZHUOLQHVDQGQDWXUDOEDUULHUVFDQ 0DNHVXUHWKDWDQ\VWUDSVRUFKDLQVXVHGWRIDVWHQWKH
SUHYHQWFOHDUDQFH5HPRYDORIWKHPDVWFDQEHQHFHVVDU\ 5HDFK6WDFNHUWRWKHWUDQVSRUW'2127FRQWDFWDQ\
WXEHVKRVHVK\GUDXOLFF\OLQGHUVRURWKHUSDUWVRIWKH
,IDWUDLOHULVWKHPHWKRGRIWUDQVSRUWDWLRQXVHEORFNVLQIURQW 5HDFK6WDFNHUWKDWDUHHDVLO\GDPDJHG
DQGEDFNRIWKHWUDLOHUWLUHVWRSUHYHQWPRYHPHQWRIWKHWUDLOHU
ZKHQWKH5HDFK6WDFNHULVORDGHGDQGXQORDGHG,IDORDGLQJ ,IFRPSRQHQWVDQGDWWDFKPHQWVPXVWEHUHPRYHGIRUWUDQV
UDPSLVXVHGPDNHVXUHWKDWWKHUDPSLVWKHFRUUHFWGHVLJQ SRUWRIWKH5HDFK6WDFNHUVHHWKH6HUYLFH0DQXDOIRU
DQGFDSDFLW\ UHPRYDOSURFHGXUHV

$FUDQHFDQRQO\EHXVHGWRORDGRUXQORDGWKH5HDFK6WDFNHU 7KHRSHUDWRUPXVWQHYHUOHDYHD5HDFK6WDFNHULQDFRQGLWLRQ
LIWKH5HDFK6WDFNHULVHTXLSSHGZLWKOLIWLQJH\HV2WKHUZLVH VRWKDWLWFDQFDXVHGDPDJHRULQMXU\:KHQWKH5HDFK
WKH5HDFK6WDFNHUPXVWEHGULYHQRQRURIIWKHWUDQVSRUW 6WDFNHULVORDGHGRQWKHWUDQVSRUWGRWKHIROORZLQJRSHUD
WLRQV
$SSO\WKHSDUNLQJEUDNH

7
0DLQWHQDQFH
,IWKHERRPLVPRXQWHGRQWKH5HDFK6WDFNHUIXOO\ORZHU 'LVFRQQHFWWKHVWUDSVRUFKDLQV
WKHERRP
5HPRYHWKHZKHHOEORFNV
3XWWKHGLUHFWLRQFRQWUROOHYHUIRUWKHSRZHUVKLIWWUDQVPLV
,IWKH5HDFK6WDFNHULVHTXLSSHGZLWKOLIWLQJH\HVDQGD
VLRQLQ1(875$/ 1 ,IWKH5HDFK6WDFNHUKDVDPDQXDO
FUDQHLVWREHXVHGWRXQORDGFKHFNWKDWDOOVZLWFKHVDQG
WUDQVPLVVLRQOHDYHWKHJHDUVRIWKHWUDQVPLVVLRQHQJDJHG
DFFHVVRULHVDUHWXUQHG2))
'2127OHDYHDPDQXDOWUDQVPLVVLRQLQ1(875$/ 1 
,I5HDFK6WDFNHULVWREHGULYHQRIIWUDQVSRUWIROORZVWDUWLQJ
7XUQWKHNH\VZLWFKWR2))WRVWRSWKHHQJLQH&KHFNWKDW
SURFHGXUHV
DOOVZLWFKHVDQGDFFHVVRULHVDUHWXUQHG2))
8QORDGWKH5HDFK6WDFNHU
3XWEORFNVLQIURQWDQGEDFNRIWKH5HDFK6WDFNHUWLUHVWR
SUHYHQWDQ\PRYHPHQWRIWKH5HDFK6WDFNHU0DNHVXUHWKH 3UHSDUDWLRQ$IWHU7UDQVSRUW
EORFNVDUHDWWDFKHGWRWKHORDGVXUIDFH
$IWHUEHLQJWUDQVSRUWHGWKH5HDFK6WDFNHUPXVWEHSUHSDUHG
,IWKH5HDFK6WDFNHULVWUDQVSRUWHGLQVHYHUHZHDWKHURU IRUSURSHURSHUDWLRQ$OOSUREOHPVPXVWEHFRUUHFWHGEHIRUH
DQ\RWKHUFRQGLWLRQWKDWFDQGDPDJHWKH5HDFK6WDFNHU XVHRIWKH5HDFK6WDFNHUVHHWKH6HUYLFH0DQXDOIRUSUR
FRYHUWKH5HDFK6WDFNHU0DNHVXUHWKHSURWHFWLYHFRYHULV FHGXUHV3HUIRUPWKHIROORZLQJRSHUDWLRQV
GHVLJQHGIRUWKHDSSOLFDWLRQDQGLVVHFXUHO\IDVWHQHG
&RPSOHWHWKHXQORDGLQJSURFHGXUHV
8QORDGLQJ
,IFRPSRQHQWVQRUPDOO\DWWDFKHGWRWKH5HDFK6WDFNHU
:KHQWKH5HDFK6WDFNHULVWREHXQORDGHGIURPWKHWUDQVSRUW ZHUHUHPRYHGIRUWUDQVSRUWVHHWKH6HUYLFH0DQXDOIRU
SHUIRUPWKHIROORZLQJRSHUDWLRQV DVVHPEO\LQVWUXFWLRQV
,IXVHGUHPRYHDQ\SURWHFWLYHFRYHU ,QVSHFWWKH5HDFK6WDFNHUIRUGDPDJHDQGPLVVLQJFRP
SRQHQWV5HSDLURUUHSODFHDVQHFHVVDU\
0DNHVXUHWKHSDUNLQJEUDNHLVDSSOLHG

8
0DLQWHQDQFH
)ROORZWKHVWHSVLQWKHVHFWLRQ+RZWR0DNH&KHFNV:LWK ,IWKHZRUNFRQGLWLRQVDUHVORZDQGWKHORDGVDUHOHVVWKDQ
WKH(QJLQH6WRSSHG SHUFHQWRIWKH5HDFK6WDFNHUFDSDFLW\DVLPXODWHGZRUN
FRQGLWLRQPXVWEHXVHGGXULQJWKHILUVWKRXUVRIRSHUDWLRQ
2SHUDWLQJ3URFHGXUHVIRUD1HZRU5HEXLOW 2SHUDWHWKH5HDFK6WDFNHUZLWKDPLQLPXPORDGRISHU
(QJLQH FHQWFDSDFLW\2SHUDWHWKHHQJLQHWKURXJKF\FOHVIURPLGOHWR
IXOOWKURWWOHDQGEDFNWRLGOH$YRLGORQJSHULRGVRIKLJKHQJLQH
$QHZRUUHEXLOWHQJLQHPXVWEHRSHUDWHGXQGHUVSHFLDOFRQ
VSHHGVZLWKDOLJKWORDGGXULQJWKHILUVWKRXUVRIRSHUDWLRQ
GLWLRQVGXULQJWKHILUVWKRXUV7KHVHVSHFLDOFRQGLWLRQV
+LJKHQJLQHVSHHGVZLWKDOLJKWORDGFDQFDXVHGDPDJHWR
SUHYHQWGDPDJHWRWKHHQJLQHXQWLOWKHQHZSDUWVFDQZHDU
WKHF\OLQGHUVLQWKHHQJLQH
VRPHIRUQRUPDOFOHDUDQFHV
+DYH\RXUGHDOHUSHUIRUPWKHQHFHVVDU\FKHFNVDQG
0DNHVXUHWKHIOXLGOHYHOVRIRLODQGFRRODQWDUHFRUUHFW
DGMXVWPHQWVRQWKHHQJLQH
6WDUWDQGUXQWKHHQJLQHDWDSSUR[LPDWHO\RQHKDOIWKURWWOH
IRUPLQXWHVIRUWKHILUVWRSHUDWLRQ&KHFNWKHJDXJHVDQG
LQGLFDWRUVIRUWKHFRUUHFWRSHUDWLRQGXULQJWKLVILUVWRSHUDWLQJ
SHULRG&KHFNIRUOHDNV

09

You might also like