%UXJVDQYLVQಣ %UXNVDQYLVQಣ 8VHU 0DQXDO LQJ LQJ .ºOH IU\VHಣ VNDE 8.& 1 ( )ULGJH )UHH]HU .
&217(176 6DIHW\ LQIRUPDWLRQ 6DIHW\ LQVWUXFWLRQV ,QVWDOODWLRQ &RQWURO 3DQHO 'DLO\ XVH +LQWV DQG WLSV &DUH DQG FOHDQLQJ 7URXEOHVKRRWLQJ 1RLVHV 7HFKQLFDO GDWD ,QIRUPDWLRQ IRU WHVW LQVWLWXWHV &86720(5 &$5( $1' 6(59,&( $OZD\V XVH RULJLQDO VSDUH SDUWV :KHQ FRQWDFWLQJ RXU $XWKRULVHG 6HUYLFH &HQWUH HQVXUH WKDW \RX KDYH WKH IROORZLQJ GDWD DYDLODEOH 0RGHO 6HULDO 1XPEHU 7KH LQIRUPDWLRQ FDQ EH IRXQG RQ WKH UDWLQJ SODWH :DUQLQJ &DXWLRQ 6DIHW\ LQIRUPDWLRQ *HQHUDO LQIRUPD
ವ ವ ವ ವ ವ ವ &KLOGUHQ DJHG IURP WR \HDUV DUH DOORZHG WR ORDG DQG XQORDG WKH DSSOLDQFH SURYLGHG WKDW WKH\ KDYH EHHQ SURSHUO\ LQVWUXFWHG 7KLV DSSOLDQFH PD\ EH XVHG E\ SHUVRQV ZLWK YHU\ H[WHQVLYH DQG FRPSOH[ GLVDELOLWLHV SURYLGHG WKDW WKH\ KDYH EHHQ SURSHUO\ LQVWUXFWHG &KLOGUHQ RI OHVV WKDQ \HDUV RI DJH VKRXOG EH NHSW DZD\ IURP WKH DSSOLDQFH XQOHVV FRQWLQXRXVO\ VXSHUYLVHG 'R QRW OHW FKLOGUHQ SOD\ ZLWK WKH DSSOLDQFH &KLOGUHQ VKDOO QRW FDUU\ RXW FOHDQLQJ DQG XVHU PDLQWHQDQFH RI WKH DSSOLDQFH ZLWK
ವ ವ ವ ವ ವ ವ :$51,1* 'R QRW XVH HOHFWULFDO DSSOLDQFHV LQVLGH WKH IRRG VWRUDJH FRPSDUWPHQWV RI WKH DSSOLDQFH XQOHVV WKH\ DUH RI WKH W\SH UHFRPPHQGHG E\ WKH PDQXIDFWXUHU 'R QRW XVH ZDWHU VSUD\ DQG VWHDP WR FOHDQ WKH DSSOLDQFH &OHDQ WKH DSSOLDQFH ZLWK D PRLVW VRIW FORWK 2QO\ XVH QHXWUDO GHWHUJHQWV 'R QRW XVH DEUDVLYH SURGXFWV DEUDVLYH FOHDQLQJ SDGV VROYHQWV RU PHWDO REMHFWV :KHQ WKH DSSOLDQFH LV HPSW\ IRU ORQJ SHULRG VZLWFK LW RII GHIURVW FOHDQ GU\ DQG OHDYH WKH GRRU RSHQ WR SUHYHQW PRXOG I
ವ 7KH DSSOLDQFH PXVW EH HDUWKHG ವ 0DNH VXUH WKDW WKH SDUDPHWHUV RQ WKH UDWLQJ SODWH DUH FRPSDWLEOH ZLWK WKH HOHFWULFDO UDWLQJV RI WKH PDLQV SRZHU VXSSO\ ವ $OZD\V XVH D FRUUHFWO\ LQVWDOOHG VKRFNSURRI VRFNHW ವ 0DNH VXUH QRW WR FDXVH GDPDJH WR WKH HOHFWULFDO FRPSRQHQWV H J PDLQV SOXJ PDLQV FDEOH FRPSUHVVRU &RQWDFW WKH $XWKRULVHG 6HUYLFH &HQWUH RU DQ HOHFWULFLDQ WR FKDQJH WKH HOHFWULFDO FRPSRQHQWV ವ 7KH PDLQV FDEOH PXVW VWD\ EHORZ WKH OHYHO RI WKH PDLQV SOXJ ವ &RQQHFW WKH PDLQV SOXJ WR WKH PDLQV
6HUYLFH ವ 7R UHSDLU WKH DSSOLDQFH FRQWDFW WKH $XWKRULVHG 6HUYLFH &HQWUH 8VH RULJLQDO VSDUH SDUWV RQO\ ವ 3OHDVH QRWH WKDW VHOI UHSDLU RU QRQ SURIHVVLRQDO UHSDLU FDQ KDYH VDIHW\ FRQVHTXHQFHV DQG PLJKW YRLG WKH JXDUDQWHH ವ 7KH IROORZLQJ VSDUH SDUWV ZLOO EH DYDLODEOH IRU \HDUV DIWHU WKH PRGHO KDV EHHQ GLVFRQWLQXHG WKHUPRVWDWV WHPSHUDWXUH VHQVRUV SULQWHG FLUFXLW ERDUGV OLJKW VRXUFHV GRRU KDQGOHV GRRU KLQJHV WUD\V DQG EDVNHWV 3OHDVH QRWH WKDW VRPH RI WKHVH VSDUH SDUWV DUH RQO\ DYDLODEOH WR SURIH
D3 D1 'LPHQVLRQV W1 90 D2 ° A W2 B H1 W3 2YHUDOO GLPHQVLRQV { 6SDFH UHTXLUHG LQ XVH t + PP : PP ' PP { WKH KHLJKW ZLGWK DQG GHSWK RI WKH DSSOLDQFH ZLWKRXW WKH KDQGOH DQG IHHW 6SDFH UHTXLUHG LQ XVH t + $ % PP : PP ' PP $ PP % PP t WKH KHLJKW ZLGWK DQG GHSWK RI WKH DSSOLDQFH LQFOXGLQJ WKH KDQGOH SOXV WKH VSDFH QHFHVVDU\ IRU IUHH FLUFXODWLRQ RI WKH FRROLQJ DLU 2YHUDOO VSDFH UHTXLUHG LQ XVH u + $ % PP : PP '
DOORZ GRRU RSHQLQJ WR WKH PLQLPXP DQJOH SHUPLWWLQJ UHPRYDO RI DOO LQWHUQDO HTXLSPHQW /RFDWLRQ 7R HQVXUH DSSOLDQFH V EHVW IXQFWLRQDOLW\ \RX VKRXOG QRW LQVWDOO WKH DSSOLDQFH LQ WKH QHDUE\ RI WKH KHDW VRXUFH RYHQ VWRYHV UDGLDWRUV FRRNHUV RU KREV RU LQ D SODFH ZLWK GLUHFW VXQOLJKW 0DNH VXUH WKDW DLU FDQ FLUFXODWH IUHHO\ DURXQG WKH EDFN RI WKH FDELQHW 7KLV DSSOLDQFH VKRXOG EH LQVWDOOHG LQ D GU\ ZHOO YHQWLODWHG LQGRRU SRVLWLRQ 7KLV DSSOLDQFH LV LQWHQGHG WR EH XVHG DW DPELHQW WHPSHUDWXUH UDQJLQJ IUR
&21752/ 3$1(/ 1 8 7 6 'LVSOD\ )UHH]HU 7HPSHUDWXUH ZDUPHU EXWWRQ )UHH]HU 7HPSHUDWXUH FROGHU EXWWRQ 2. 0RGH )ULGJH 7HPSHUDWXUH ZDUPHU EXWWRQ 5 4 3 2 )ULGJH 7HPSHUDWXUH FROGHU EXWWRQ 21 2)) ,W LV SRVVLEOH WR FKDQJH SUHGHILQHG VRXQG RI EXWWRQV E\ SUHVVLQJ WRJHWKHU 0RGH DQG WHPSHUDWXUH FROGHU EXWWRQ IRU D IHZ VHFRQGV &KDQJH LV UHYHUVLEOH 'LVSOD\ A B C D E F G Off min L K J I H $ )ULGJH FRPSDUWPHQW LQGLFDWRU % 7LPHU LQGLFDWRU 7HPSHUDWXUH LQGLFDWRU & 21 2)) LQGLFDWRU
7KH WHPSHUDWXUH UDQJH PD\ YDU\ EHWZHHQ r& DQG r& IRU IUHH]HU DQG EHWZHHQ r& DQG r& IRU IULGJH 7KH WHPSHUDWXUH LQGLFDWRUV VKRZ WKH VHW WHPSHUDWXUH 7KH VHW WHPSHUDWXUH ZLOO EH UHDFKHG ZLWKLQ KRXUV $IWHU D SRZHU IDLOXUH WKH VHW WHPSHUDWXUH UHPDLQV VWRUHG 6ZLWFKLQJ RQ WKH IULGJH 7R VZLWFK RQ WKH IULGJH LW LV HQRXJK WR SUHVV WKH IULGJH WHPSHUDWXUH UHJXODWRU 7R VZLWFK RQ WKH IULGJH LQ WKH RWKHU ZD\ 3UHVV 0RGH XQWLO WKH FRUUHVSRQGLQJ LFRQ DSSHDUV 7KH )ULGJH 2)) LQGLFDWRU IODVKHV 3UHVV
7KLV IXQFWLRQ VWRSV DXWRPDWLFDOO\ DIWHU KRXUV
7KH DODUP LQGLFDWRU FRQWLQXHV WR IODVK XQWLO WKH QRUPDO FRQGLWLRQV DUH UHVWRUHG ,I \RX GR QRW SUHVV DQ\ EXWWRQ WKH VRXQG VZLWFKHV RII DXWRPDWLFDOO\ DIWHU DURXQG RQH KRXU WR DYRLG GLVWXUELQJ 7KH DODUP VWRSV DIWHU FORVLQJ WKH GRRU 'XULQJ WKH DODUP WKH VRXQG FDQ EH PXWHG E\ SUHVVLQJ DQ\ EXWWRQ ,I \RX GR QRW SUHVV DQ\ EXWWRQ WKH VRXQG VZLWFKHV RII DXWRPDWLFDOO\ DIWHU DURXQG RQH KRXU WR DYRLG GLVWXUELQJ 'RRU RSHQ DODUP ,I WKH IULGJH GRRU LV OHIW RSHQ IRU DSSUR[LPDWHO\ PLQXWHV WKH VRXQG LV RQ DQG
7LOW WKH PRGXOH GRZQZDUGV WR UHPRYH LW IURP WKH UHIULJHUDWRU 7R IUHH]H IUHVK IRRG DFWLYDWH WKH )DVW)UHH]H IXQFWLRQ DW OHDVW KRXUV EHIRUH SODFLQJ WKH IRRG WR EH IUR]HQ LQ WKH IUHH]HU FRPSDUWPHQW 6WRUH WKH IUHVK IRRG HYHQO\ GLVWULEXWHG LQ WKH WKLUG FRPSDUWPHQW RU GUDZHU IURP WKH WRS 9HJHWDEOH GUDZHUV 7KH PD[LPXP DPRXQW RI IRRG WKDW FDQ EH IUR]HQ ZLWKRXW DGGLQJ RWKHU IUHVK IRRG GXULQJ KRXUV LV VSHFLILHG RQ WKH UDWLQJ SODWH D ODEHO ORFDWHG LQVLGH WKH DSSOLDQFH 7KHUH DUH VSHFLDO GUDZHUV LQ
7KLV RSHUDWLRQ GHSHQGV RQ WKH WLPH DYDLODEOH DQG RQ WKH W\SH RI IRRG 6PDOO SLHFHV PD\ HYHQ EH FRRNHG VWLOO IUR]HQ ,FH FXEH SURGXFWLRQ 7KLV DSSOLDQFH LV HTXLSSHG ZLWK RQH RU PRUH WUD\V IRU WKH SURGXFWLRQ RI LFH FXEHV 'R QRW XVH PHWDOOLF LQVWUXPHQWV WR UHPRYH WKH WUD\V IURP WKH IUHH]HU 3XW WKH LFH WUD\V LQ WKH IUHH]HU FRPSDUWPHQW &ROG DFFXPXODWRUV 7KLV DSSOLDQFH LV HTXLSSHG ZLWK FROG DFFXPXODWRUV ZKLFK LQFUHDVH VWRUDJH WLPH LQ WKH HYHQW RI D SRZHU FXW RU EUHDNGRZQ 7R HQVXUH WKH EHVW SHUIRUPDQF
WKH IUHH]HU FRPSDUWPHQW ZKHUH WKHUH LV QR IUR]HQ IRRG ವ 'R QRW HDW LFH FXEHV ZDWHU LFHV RU LFH OROOLHV LPPHGLDWHO\ DIWHU WDNLQJ WKHP RXW RI WKH IUHH]HU 5LVN RI IURVWELWHV ವ 'R QRW UH IUHH]H GHIURVWHG IRRG ,I WKH IRRG KDV GHIURVWHG FRRN LW FRRO LW GRZQ DQG WKHQ IUHH]H LW +LQWV IRU VWRUDJH RI IUR]HQ IRRG ವ )UHH]HU FRPSDUWPHQW LV WKH RQH PDUNHG ZLWK ವ *RRG WHPSHUDWXUH VHWWLQJ WKDW HQVXUHV SUHVHUYDWLRQ RI IUR]HQ IRRG SURGXFWV LV D WHPSHUDWXUH OHVV WKDQ RU HTXDO WR r& +LJKHU WHPSHUDWXUH VHWWL
7\SH RI IRRG 6KHOI OLIH PRQWKV 0HDW 3RXOWU\ %HHI 3RUN /DPE 6DXVDJH +DP /HIWRYHUV ZLWK PHDW +LQWV IRU IUHVK IRRG UHIULJHUDWLRQ ವ *RRG WHPSHUDWXUH VHWWLQJ WKDW HQVXUHV SUHVHUYDWLRQ RI IUHVK IRRG LV D WHPSHUDWXUH OHVV WKDQ RU HTXDO WR r& +LJKHU WHPSHUDWXUH VHWWLQJ LQVLGH WKH DSSOLDQFH PD\ OHDG WR VKRUWHU VKHOI OLIH RI IRRG ವ &RYHU WKH IRRG ZLWK SDFNDJLQJ WR SUHVHUYH LWV IUHVKQHVV DQG DURPD ವ $OZD\V XVH FORVHG FRQWDLQHUV IRU OLTXLGV DQG IRU IRRG WR DYRLG IODYRXUV RU RGRXUV LQ WKH FRPSDUWPHQW ವ 7
OXNHZDUP ZDWHU DQG VRPH QHXWUDO VRDS WR UHPRYH WKH W\SLFDO VPHOO RI D EUDQG QHZ SURGXFW WKHQ GULHG WKRURXJKO\ &$87,21 'R QRW XVH GHWHUJHQWV DEUDVLYH SRZGHUV FKORULQH RU RLO EDVHG FOHDQHUV DV WKH\ ZLOO GDPDJH WKH ILQLVK WKH UHIULJHUDWRU FRPSDUWPHQW FKDQQHO WR SUHYHQW WKH ZDWHU RYHUIORZLQJ DQG GULSSLQJ RQWR WKH IRRG LQVLGH )RU WKLV SXUSRVH XVH WKH WXEH FOHDQHU SURYLGHG ZLWK WKH DSSOLDQFH &$87,21 7KH DFFHVVRULHV DQG SDUWV RI WKH DSSOLDQFH DUH QRW VXLWDEOH IRU ZDVKLQJ LQ D GLVKZDVKHU 3HULRGLF F
3UREOHP 3RVVLEOH FDXVH 6ROXWLRQ 7KH PDLQV SOXJ LV QRW FRQಣ QHFWHG WR WKH PDLQV VRFNHW FRUUHFWO\ &RQQHFW WKH PDLQV SOXJ WR WKH PDLQV VRFNHW FRUUHFWO\ 7KHUH LV QR YROWDJH LQ WKH PDLQV VRFNHW &RQQHFW D GLIIHUHQW HOHFWULFDO DSSOLDQFH WR WKH PDLQV VRFNಣ HW &RQWDFW D TXDOLILHG HOHFಣ WULFLDQ 7KH DSSOLDQFH LV QRLV\ 7KH DSSOLDQFH LV QRW VXSSRUಣ WHG SURSHUO\ &KHFN LI WKH DSSOLDQFH VWDQGV VWDEOH $FRXVWLF RU YLVXDO DODUP LV RQ 7KH FDELQHW KDV EHHQ UHಣ FHQWO\ VZLWFKHG RQ 5HIHU WR 'RRU 2S
3UREOHP 3RVVLEOH FDXVH 6ROXWLRQ 'RRU GRHV QRW RSHQ HDVLO\
3UREOHP 3RVVLEOH FDXVH 6ROXWLRQ :DWHU IORZV RQ WKH IORRU 7KH PHOWLQJ ZDWHU RXWOHW LV QRW FRQQHFWHG WR WKH HYDSRಣ UDWLYH WUD\ DERYH WKH FRPಣ SUHVVRU $WWDFK WKH PHOWLQJ ZDWHU RXWಣ OHW WR WKH HYDSRUDWLYH WUD\ 7HPSHUDWXUH FDQQRW EH VHW 7KH )DVW)UHH]H IXQFWLRQ RU 6KRSSLQJ IXQFWLRQ LV VZLWFKHG RQ 6ZLWFK RII )DVW)UHH]H IXQFಣ WLRQ RU 6KRSSLQJ IXQFWLRQ PDQXDOO\ RU ZDLW XQWLO WKH IXQFWLRQ GHDFWLYDWHV DXWRಣ PDWLFDOO\ WR VHW WKH WHPSHUDಣ WXUH 5HIHU WR )DVW)UHH]H IXQFWLRQ RU 6KRSSLQJ IXQFಣ
,I WKH DGYLFH GRHV QRW OHDG WR WKH GHVLUHG UHVXOW FDOO WKH QHDUHVW $XWKRUL]HG 6HUYLFH &HQWUH 5HSODFLQJ WKH ODPS 7KH DSSOLDQFH LV HTXLSSHG ZLWK D ORQJOLIH /(' LQWHULRU OLJKW &ORVLQJ WKH GRRU &OHDQ WKH GRRU JDVNHWV ,I QHFHVVDU\ DGMXVW WKH GRRU 5HIHU WR LQVWDOODWLRQ LQVWUXFWLRQV ,I QHFHVVDU\ UHSODFH WKH GHIHFWLYH GRRU JDVNHWV &RQWDFW WKH $XWKRULVHG 6HUYLFH &HQWUH 2QO\ VHUYLFH LV DOORZHG WR UHSODFH WKH OLJKWLQJ GHYLFH &RQWDFW \RXU $XWKRULVHG 6HUYLFH &HQWUH 12,6(6 SSSRRR! BRRR! CLIC
,W LV DOVR SRVVLEOH WR ILQG WKH VDPH LQIRUPDWLRQ LQ (35(/ XVLQJ WKH OLQN KWWSV HSUHO HF HXURSD HX DQG WKH PRGHO QDPH DQG SURGXFW QXPEHU WKDW \RX ILQG RQ WKH UDWLQJ SODWH RI WKH DSSOLDQFH 6HH WKH OLQN ZZZ WKHHQHUJ\ODEHO HX IRU GHWDLOHG LQIRUPDWLRQ DERXW WKH HQHUJ\ ODEHO ,1)250$7,21 )25 7(67 ,167,787(6 ,QVWDOODWLRQ DQG SUHSDUDWLRQ RI WKH DSSOLDQFH IRU DQ\ (FR'HVLJQ YHULILFDWLRQ VKDOO EH FRPSOLDQW ZLWK (1 9HQWLODWLRQ UHTXLUHPHQWV UHFHVV GLPHQVLRQV DQG PLQLPXP UHDU FOHDUDQFHV VKDOO EH DV VWD