)250 12 02'(/ 12 8S 23(5$725 6 0$18$/ :25.0$19 /LTXLG &RROHG *DVROLQH ,QGXVWULDO 9HKLFOH 7R DVVXUH PD[LPXP VDIHW\ RSWLPXP SHUIRUPDQFH DQG WR JDLQ NQRZOHGJH RI WKH SURGXFW LW LV HVVHQWLDO WKDW \RX RU DQ\ RWKHU RSHUDWRU RI WKH PDFKLQH UHDG DQG XQGHUVWDQG WKH FRQWHQWV RI WKLV PDQXDO EHIRUH WKH HQJLQH LV HYHU VWDUWHG 3D\ SDUWLFXODU DWWHQWLRQ WR WKH 6$)(7< ,16758&7,216 KLJKOLJKWHG E\ WKLV V\PERO 7KH VDIHW\ DOHUW V\PERO PHDQV &$87,21 SHUVRQDO VDIHW\ :$51,1* RU '$1*(
)25(:25' 7KH 7252 :25.0$19 ZDV GHYHORSHG WR SURYLGH DQ HIILFLHQW YHUVDWLOH WURXEOH IUHH DQG HFRQRPLFDO ZRUN YHKLFOH 7KH ODWHVW FRQFHSWV RI HQJLQHHULQJ GHVLJQ DQG VDIHW\ KDYH EHHQ LQFRUSRUDWHG LQWR WKLV PDFKLQH DORQJ ZLWK WKH KLJKHVW TXDOLW\ SDUWV DQG ZRUNPDQVKLS ([FHOOHQW VHUYLFH ZLOO EH GHULYHG LI SURSHU RSHUDWLRQ DQG PDLQWHQDQFH SUDFWLFHV DUH IROORZHG :$51,1* 7KH :25.0$19 LV DQ RII KLJKZD\ YHKLFOH RQO\ DQG LV QRW GHVLJQHG HTXLSSHG RU PDQXIDFWXUHG IRU XVH RQ SXEOLF VWUHHWV URDGV RU KLJKZD\V
)25(:25' 7KH 7252 :25.0$19 PHHWV WKH UHTXLUHPHQWV RI $16, % D 6XSHUYLVRUV RSHUDWRUV DQG VHUYLFH SHUVRQV VKRXOG EH IDPLOLDU ZLWK WKH IROORZLQJ VWDQGDUGV DQG SXEOLFDWLRQV 7KH PDWHULDO PD\ EH REWDLQHG IURP WKH DGGUHVV VKRZQ - )ODPPDEOH DQG &RPEXVWLEOH /LTXLGV &RGH $16, 1)3$ - 1DWLRQDO )LUH 3URWHFWLRQ $VVRFLDWLRQ $16, 1)3$ 3RZHUHG ,QGXVWULDO 7UXFNV $''5(66 1DWLRQDO )LUH 3UHYHQWLRQ $VVRFLDWLRQ %DUU\PDUFK 3DUN 4XLQF\ 0DVVDFKXVHWWV 8 6 $ - $16, $60( % 3HUVRQDO %XUGHQ &DUULH
7$%/( 2) &217(176 6$)(7< ,16758&7,216 6$)(7< $1' ,16758&7,21 '(&$/6 63(&,),&$7,216 /226( 3$576 &+$57 6(7 83 ,16758&7,216 ,QVWDOO :KHHOV ,QVWDOO 6WHHULQJ :KHHO ,QVWDOO )URQW )HQGHUV
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
$)(7< ,16758&7,216 :KHQ VWDUWLQJ WKH HQJLQH $ 6LW RQ RSHUDWRU V VHDW DQG HQJDJH SDUNLQJ EUDNH % 'LVHQJDJH DQ\ DWWDFKPHQWV DQG UHWXUQ KDQG WKURWWOH OHYHU WR 2)) SRVLWLRQ LI VR HTXLSSHG & 0RYH VKLIW OHYHU WR 1(875$/ DQG GHSUHVV FOXWFK SHGDO ' .HHS IRRW RII DFFHOHUDWRU SHGDO ( 7XUQ LJQLWLRQ NH\ WR 67$57 7KLV YHKLFOH LV HTXLSSHG IRU XVH RQ IODW VXUIDFHV RQO\ QRW IRU KLOO\ WHUUDLQ ,I YHKLFOH LV WR EH GULYHQ LQ KLOO\ DUHDV RU ORRVH WHUUDLQ LQVWDOO 5236 NLW 5236 SURYLGHV UROO RYHU SURWHF
6$)(7< ,16758&7,216 .HHS ERG\ DQG KDQGV DZD\ IURP SLQ KROH OHDNV RU QR]]OHV WKDW HMHFW K\GUDXOLF IOXLG XQGHU KLJK SUHVVXUH 8VH SDSHU RU FDUGERDUG QRW KDQGV WR VHDUFK IRU OHDNV +\GUDXOLF IOXLG HVFDSLQJ XQGHU SUHVVXUH FDQ KDYH VXIILFLHQW IRUFH WR SHQHWUDWH VNLQ DQG GR VHULRXV GDPDJH ,I IOXLG LV LQMHFWHG LQWR WKH VNLQ LW PXVW EH VXUJLFDOO\ UHPRYHG ZLWKLQ D IHZ KRXUV E\ D GRFWRU IDPLOLDU ZLWK WKLV IRUP RI LQMXU\ RU JDQJUHQH PD\ UHVXOW %HIRUH GLVFRQQHFWLQJ RU SHUIRUPLQJ DQ\ ZRUN RQ WKH K\GUDXOLF V\
6$)(7< $1' ,16758&7,21 '(&$/6 7KH IROORZLQJ VDIHW\ DQG LQVWUXFWLRQ GHFDOV DUH LQVWDOOHG RQ WKH PDFKLQH ,I DQ\ EHFRPH GDPDJHG RU LOOHJLEOH UHSODFH WKHP 'HFDO SDUW QXPEHUV DUH OLVWHG EHORZ DQG LQ WKH SDUWV FDWDORJ 2UGHU UHSODFHPHQWV IURP \RXU $XWKRUL]HG 7252 'LVWULEXWRU 21 )$1 6+528' 3DUW 1R 21 5($5 6.,57 3DUW 1R 21 5($5 $;/( 78%( 3DUW 1R 21 /()7 )5$0( 5$,/ 3DUW 1R 21 6.
6$)(7< $1' ,16758&7,21 '(&$/6 21 &2162/( 3DUW 1R 81'(5 '$6+ 1(;7 72 )86( %/2&. 3DUW 1R 21 '$6+ 3DUW 1R +,7&+ 5$7,1* 0$;,080 721*8( :(,*+7 /%6 0$;,080 75$,/(5 :(,*+7 /%6 '2 127 67(3 75$160,66,21 )/8,' 86( '(;521 ,,O $8720$7,& 75$160,66,21 )/8,' 25 (48,9$/(17 21 $;/( 78%( 3DUW 1R 21 %$77(5< &29(5 3DUW 1R 21 )$1 6833257 3DUW 1R 21 6.
63(&,),&$7,216 7\SH ZKHHO VWHS WKURXJK RXW IURQW RSHUDWRU VW\OH WZR SHUVRQ YHKLFOH &HUWLILHG 6SHFLILFDWLRQV % D WR PHHW $16, (QJLQH 0LWVXELVKL KS WKUHH F\OLQGHU OLTXLG FRROHG FRXQWHUEDODQFHG JDVROLQH HQJLQH UHJXODWHG WR D PD[LPXP RI KS DW USP E\ D PHFKDQLFDO JRYHUQRU FX LQ FF GLVSODFHPHQW )RUFHG OXEULFDWLRQ E\ JHDU SXPS DPS DOWHUQDWRU ZLWK , & UHJXODWRU 6SLQ RQ RLO ILOWHU $LU &OHDQHU +HDY\ GXW\ VWDJH UHPRWH PRXQWHG DLU FOHDQHU %DWWHU\ YROW
/226( 3$576 &+$57 1RWH 8VH WKLV FKDUW DV D FKHFNOLVW WR DVVXUH DOO SDUWV QHFHVVDU\ IRU DVVHPEO\ KDYH EHHQ UHFHLYHG :LWKRXW WKHVH SDUWV WRWDO VHW XS FDQQRW EH FRPSOHWHG 6RPH SDUWV PD\ KDYH DOUHDG\ EHHQ DVVHPEOHG DW IDFWRU\ '(6&5,37,21 47< 86( :KHHO 1XW :KHHO )URQW :KHHO 1XW :KHHO 5HDU 6WHHULQJ ZKHHO )RDP 6HDO :DVKHU 1XW &DS )HQGHUV )URQW 3KLOOLSV 6FUHZ :DVKHU /RFNQXW 6HDW )UDPH 6HDW )UDPH %UDFNHW &DUULDJH %ROWV [ l OJ )ODQJH /RF
6(7 83 ,16758&7,216 ,167$// :+((/6 )LJ 5HPRYH DQG GLVFDUG IDVWHQHUV VHFXULQJ ZKHHOV 0RXQW ZKHHOV DQG WRUTXH QXWV WR IW OE )LJXUH :KHHO :KHHO 1XW ,167$// 6($7 )5$0( )LJ 0RXQW D VHDW IUDPH EUDFNHW WR HDFK HQG RI VHDW IUDPH ZLWK [ l FDUULDJH EROWV DQG IODQJH ORFNQXWV )LJXUH )HQGHU 3RVLWLRQ VHDW IUDPH RQ YHKLFOH DOLJQLQJ PRXQWLQJ KROHV LQ IUDPH ZLWK KROHV LQ YHKLFOH ,167$// 67((5,1* :+((/ )LJ 5HPRYH MDP QXW IURP VWHHULQJ VKDIW 6O
6(7 83 ,16758&7,216 ,167$// 6($7 %$&. &86+,216 $1' 0$18$/ 78%( )LJ $&7,9$7( $1' &+$5*( %$77(5< )LJ 0RXQW VHDW EDFN EUDFNHWV WR HDFK VHDW EDFN FXVKLRQ ZLWK [ l OJ FDSVFUHZV DQG l IODW ZDVKHUV 3RVLWLRQ EUDFNHWV RQ VHDW EDFN FXVKLRQV DV VKRZQ LQ ILJXUH ,I %DWWHU\ LV QRW ILOOHG ZLWK HOHFWURO\WH RU DFWLYDWHG LW PXVW EH UHPRYHG IURP YHKLFOH ILOOHG ZLWK HOHFWURO\WH DQG FKDUJHG %XON HOHFWURO\WH ZLWK VSHFLILF JUDYLW\ FDQ EH SXUFKDVHG IURP D ORFDO EDWWHU\ VXSSO\
6(7 83 ,16758&7,216 ,03257$17 'R QRW RYHUILOO EDWWHU\ (OHFWURO\WH ZLOO RYHUIORZ RQWR RWKHU SDUWV RI WKH YHKLFOH DQG VHYHUH FRUURVLRQ DQG GHWHULRUDWLRQ ZLOO UHVXOW 6OLGH EDWWHU\ LQWR EDWWHU\ EDVH VR EDWWHU\ WHUPLQDOV DUH WRZDUG WKH UHDU RI WKH YHKLFOH ,QVWDOO WKH SRVLWLYH FDEOH UHG WR WKH SRVLWLYH WHUPLQDO DQG WKH QHJDWLYH FDEOH EODFN WR WKH QHJDWLYH WHUPLQDO RI WKH EDWWHU\ DQG VHFXUH ZLWK FDSVFUHZV DQG QXWV 6OLGH WKH UXEEHU ERRW RYHU WKH SRVLWLYH WHUPLQDO WR SUHYHQW SRVVLEOH VKRUW RX
%()25( 23(5$7,1* &$87,21 ,QVWDOO WKH GLSVWLFN ILUPO\ LQ SODFH $QWLFLSDWHG DWPRVSKHULF 6$( YLVFRVLW\ 1R WHPSHUDWXUH UDQJH %HIRUH VHUYLFLQJ RU PDNLQJ DGMXVWPHQWV WR WKH PDFKLQH VWRS HQJLQH VHW SDUNLQJ EUDNH DQG UHPRYH NH\ IURP WKH VZLWFK $Q\ ORDG PDWHULDO PXVW EH UHPRYHG IURP EHG RU RWKHU DWWDFK PHQW EHIRUH ZRUNLQJ XQGHU UDLVHG EHG $OZD\V URWDWH VDIHW\ VXSSRUW WR WKH GRZQ SRVLWLRQ EH IRUH ZRUNLQJ XQGHU UDLVHG EHG &+(&. &5$1.&$6( 2,/ )LJ 7KH HQJLQH LV VKLSSHG ZLWK DSSUR[LPDWHO\ TXDUWV Z
%()25( 23(5$7,1* 5HPRYH IXHO WDQN FDS )LOO WDQN WR DERXW RQH LQFK EHORZ WRS RI WDQN ERWWRP RI ILOOHU QHFN '2 127 29(5),// 7KHQ LQVWDOO FDS &KHFN FRRODQW OHYHO &RRODQW VKRXOG EH XS WR &2/' OLQH RQ UHVHUYH WDQN ZKHQ HQJLQH LV FROG :LSH XS DQ\ IXHO WKDW PD\ KDYH VSLOOHG WR SUHYHQW D ILUH KD]DUG '$1*(5 %HFDXVH JDVROLQH LV IODPPDEOH FDXWLRQ PXVW EH XVHG ZKHQ VWRULQJ RU KDQGOLQJ LW 'R QRW ILOO IXHO WDQN ZKLOH HQJLQH LV UXQQLQJ KRW RU ZKHQ PDFKLQH LV LQ DQ HQFORVHG DUHD 9DSRUV PD\
%()25( 23(5$7,1* &+(&. 72548( 2) :+((/ 1876 :$51,1* ,I IOXLG OHYHO LV ORZ FOHDQ DUHD DURXQG FDS UHPRYH UHVHUYRLU FDS DQG ILOO WR SURSHU OHYHO '2 127 29(5),// )DLOXUH WR PDLQWDLQ SURSHU WRUTXH FRXOG UHVXOW LQ IDLOXUH RU ORVV RI ZKHHO DQG PD\ UHVXOW LQ SHUVRQDO LQMXU\ 7RUTXH IURQW DQG UHDU ZKHHO QXWV WR IW OE DIWHU KRXUV RI RSHUD WLRQ DQG DJDLQ DIWHU KRXUV RI RSHUDWLRQ DQG HYHU\ KRXUV WKHUHDIWHU &+(&. %5$.( )/8,' )LJ 7KH EUDNH IOXLG UHVHUYRLU LV VKLSSHG IURP WKH IDFWRU\ I
&21752/6 $FFHOHUDWRU 3HGDO )LJ 7KH DFFHOHUDWRU SHGDO JLYHV WKH RSHUDWRU WKH DELOLW\ WR YDU\ HQJLQH DQG JURXQG VSHHG RI WKH YHKLFOH ZKHQ WKH WUDQVPLVVLRQ LV LQ JHDU 'HSUHVVLQJ WKH SHGDO LQFUHDVHV HQJLQH 530 DQG JURXQG VSHHG 5HOHDVLQJ SHGDO ZLOO GHFUHDVH HQJLQH 530 DQG JURXQG VSHHG RI WKH PDFKLQH ,03257$17 'R QRW VKLIW WKH WUDQVD[OH WR WKH UHYHUVH RU IRUZDUG JHDU XQOHVV WKH YHKLFOH LV VWDQGLQJ VWLOO 'DPDJH WR WUDQVD[OH PD\ RFFXU &$87,21 'RZQ VKLIWLQJ IURP WRR KLJK D VSHHG FDQ FDXVH WKH
&21752/6 7LOW 6WHHULQJ /HYHU )LJ /HYHU RQ ULJKW VLGH RI FRQVROH DOORZV VWHHULQJ ZKHHO WR EH DGMXVWHG IRU RSHUDWRU FRPIRUW ,03257$17 ,I DOWHUQDWRU EHOW LV ORRVH RU EURNHQ GR QRW RSHUDWH YHKLFOH XQWLO DGMXVWPHQW RU UHSDLU LV FRPSOHWH )DLOXUH WR REVHUYH WKLV SUHFDXWLRQ PD\ UHVXOW LQ GDPDJH WR WKH HQJLQH &KDUJH ,QGLFDWRU )LJ ,OOXPLQDWHV ZKHQ EDWWHU\ LV EHLQJ GLVFKDUJHG ,I OLJKW LOOXPLQDWHV GXULQJ RSHUDWLRQ VWRS YHKLFOH WXUQ 2II HQJLQH DQG FKHFN IRU SRVVLEOH FDXVHV VXFK DV DOWHUQD
23(5$7,1* ,16758&7,216 35( 67$57,1* &+(&.6 6DIH RSHUDWLRQ EHJLQV EHIRUH WDNLQJ WKH YHKLFOH RXW IRU D GD\ V ZRUN
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
23(5$7,1* ,16758&7,216 63((' 6SHHG LV RQH RI WKH PRVW LPSRUWDQW YDULDEOHV OHDGLQJ WR DFFLGHQWV 'ULYLQJ WRR IDVW IRU WKH FRQGLWLRQV FDQ FDXVH \RX WR ORVH FRQWURO DQG KDYH DQ DFFLGHQW 6SHHG FDQ DOVR PDNH D PLQRU DFFLGHQW ZRUVH 'ULYLQJ KHDG RQ LQWR D WUHH DW VORZ VSHHG FDQ FDXVH LQMXU\ DQG GDPDJH EXW GULYLQJ LQWR D WUHH DW KLJK VSHHG FDQ GHVWUR\ WKH YHKLFOH DQG NLOO \RX DQG \RXU SDVVHQJHU 1HYHU GULYH WRR IDVW IRU WKH FRQGLWLRQV ,I WKHUH LV DQ\ GRXEW DERXW KRZ IDVW WR GULYH VORZ GRZQ 7851,1* VORZO\
(5$7,1* ,16758&7,216 +,//6 'R QRW FDUU\ ORDGV ZKLFK H[FHHG WKH ORDG OLPLWV GHVFULEHG RQ WKH YHKLFOH ZHLJKW ODEHO :$51,1* 7LSSLQJ RU UROOLQJ WKH YHKLFOH RQ D KLOO ZLOO FDXVH VHULRXV SHUVRQDO LQMXU\ - ,I HQJLQH VWDOOV RU \RX ORVH KHDGZD\ RQ D KLOO QHYHU DWWHPSW WR WXUQ YHKLFOH DURXQG - $OZD\V EDFN VWUDLJKW GRZQ D KLOO LQ UHYHUVH JHDU - 1HYHU EDFN GRZQ LQ QHXWUDO RU ZLWK WKH FOXWFK GHSUHVVHG XVLQJ RQO\ WKH EUDNHV - 1HYHU GULYH DFURVV D VWHHS KLOO DOZD\V GULYH VWUDLJKW XS RU GRZQ - $YRLG WXUQLQJ RQ
23(5$7,1* ,16758&7,216 75$,/(5 72:,1* :$51,1* 7RZLQJ DW H[FHVVLYH VSHHGV FRXOG FDXVH YHKLFOH WR ORVH VWHHULQJ FRQWURO 1HYHU WRZ YHKLFOH IDVWHU WKDQ 03+ 7RZLQJ WKH YHKLFOH LV D WZR SHUVRQ MRE $IIL[ D WRZ OLQH WR KROHV LQ IURQW IUDPH PHPEHU 0RYH VKLIWHU WR 1HXWUDO DQG UHOHDVH SDUNLQJ EUDNH ,I PDFKLQH PXVW EH PRYHG D FRQVLGHUDEOH GLVWDQFH WUDQVSRUW LW RQ D WUXFN RU WUDLOHU 1RWH 7KH SRZHU VWHHULQJ ZLOO QRW IXQFWLRQ PDNLQJ LW GLIILFXOW LQFUHDVH HIIRUW WR VWHHU 6HYHUDO W\SHV RI WRZ KLWFKHV DUH DYDLO
6(59,&( ,17(59$/ &+$57
/8%5,&$7,21 :$51,1* %HIRUH VHUYLFLQJ RU PDNLQJ DGMXVWPHQWV WR WKH PDFKLQH VWRS HQJLQH VHW SDUNLQJ EUDNH DQG UHPRYH NH\ IURP LJQLWLRQ VZLWFK $Q\ ORDG PD WHULDO PXVW EH UHPRYHG IURP EHG RU RWKHU DW WDFKPHQW EHIRUH ZRUNLQJ XQGHU UDLVHG EHG $O ZD\V URWDWH VDIHW\ VXSSRUW WR WKH GRZQ SRVL WLRQ EHIRUH ZRUNLQJ XQGHU UDLVHG EHG *5($6,1* %($5,1*6 $1' %86+,1*6 )LJ 7KH YHKLFOH KDV JUHDVH ILWWLQJV WKDW PXVW EH OXEULFDWHG UHJXODUO\ ZLWK 1R *HQHUDO 3XUSRVH /LWKLXP %DVH *UHDVH ,I PDFKLQH LV RSHUDWHG
/8%5,&$7,21 )LJXUH )LJXUH
0$,17(1$1&( &+$57 $1' &+(&./,67 'DLO\ 0DLQWHQDQFH GXSOLFDWH WKLV SDJH IRU URXWLQH XVH &KHFN SURSHU VHFWLRQ RI 2SHUDWRU V 0DQXDO IRU IOXLG VSHFLILFDWLRQV 'DLO\ 0DLQWHQDQFH &KHFN )RU :HHN 2I BBBBBBBBBBBBBBBBB 0DLQWHQDQFH 021 &KHFN ,WHP H T T 6DIHW\ ,QWHUORFN 2SHUDWLRQ T T T T T T T T T T T )XHO /HYHO T T T 78(6 :(' 7+856 )5, 6$7 681 6HUYLFH 3DUN %UDNH 2SHUDWLRQ $FFHOHUDWRU 2SHUDWLRQ &OXWFK 6KLIWHU 2SHUDWLRQ (QJLQH 2LO /HYHO 7UDQVD[OH 2LO /HYHO &RROLQJ 6\VWHP )OXLG /HYHO %UDNH )OXLG /HYHO $LU
0$,17(1$1&( ,03257$17 +HDY\ 'XW\ 2SHUDWLRQ ,I YHKLFOH LV VXEMHFWHG WR FRQGLWLRQV OLVWHG EHORZ PDLQWHQDQFH VKRXOG EH SHUIRUPHG WZLFH DV IUHTXHQWO\ - 'HVHUW RSHUDWLRQ - &ROG FOLPDWH RSHUDWLRQ EHORZ E) - 7UDLOHU RU WK ZKHHO WRZLQJ - )UHTXHQW RSHUDWLRQ RQ GXVW\ URDGV - )UHTXHQW RSHUDWLRQ XQGHU PD[LPXP YHKLFOH JURVV ZHLJKW - &RQVWUXFWLRQ ZRUN - $IWHU H[WHQGHG RSHUDWLRQ LQ PXG VDQG ZDWHU RU VLPLODU GLUW\ FRQGLWLRQV KDYH \RXU EUDNHV LQVSHFWHG DQG FOHDQHG DQG GULYH D[OH MRLQWV JUHDVHG DV VRRQ DV
-$&.,1* 9(+,&/( )LJ 0$,17(1$1&( 'R QRW VWDUW HQJLQH ZKLOH YHKLFOH LV RQ MDFN EHFDXVH HQJLQH YLEUDWLRQ RU ZKHHO PRYHPHQW FRXOG FDXVH YHKLFOH WR VOLS RII MDFN 'R QRW ZRUN XQGHU YHKLFOH ZLWKRXW MDFN VWDQGV VXSSRUWLQJ LW 7KH YHKLFOH FRXOG VOLS RII MDFN LQMXULQJ DQ\ RQH EHQHDWK LW 7KH MDFNLQJ SRLQW DW WKH IURQW RI WKH YHKLFOH LV XQGHU WKH IURQW FHQWHU IUDPH VXSSRUW DQG DW WKH UHDU LW LV XQGHU WKH D[OH WXEH :KHQ MDFNLQJ XS IURQW RI YHKLFOH DOZD\V SODFH D [ EORFN RU VLPLODU PDW
0$,17(1$1&( &+$1*,1* (1*,1( 2,/ $1' ),/7(5 )LJ /RRVHQ 5 FODPSV VHFXULQJ ILOWHUV WR IUDPH 5HPRYH FODPSV VHFXULQJ IXHO ILOWHUV WR IXHO OLQHV &KDQJH RLO DQG ILOWHU LQLWLDOO\ DIWHU WKH ILUVW KRXUV RI RSHUDWLRQ WKHUHDIWHU FKDQJH RLO DQG ILOWHU HYHU\ KRXUV 5DLVH EHG LI VR HTXLSSHG DQG SODFH VDIHW\ VXSSRUW RQ H[WHQGHG OLIW F\OLQGHU WR KROG XS EHG 5HPRYH GUDLQ SOXJ DQG OHW RLO IORZ LQWR GUDLQ SDQ :KHQ RLO VWRSV LQVWDOO GUDLQ SOXJ )LJXUH )XHO )LOWHU ,QVWDOO QHZ
0$,17(1$1&( GHIOHFW LQ ,I GHIOHFWLRQ LV LQFRUUHFW SURFHHG WR QH[W VWHS ,I FRUUHFW FRQWLQXH RSHUDWLRQ 7R DGMXVW EHOW WHQVLRQ $ /RRVHQ DOWHUQDWRU PRXQWLQJ EROWV % 8VLQJ D EDU URWDWH DOWHUQDWRU XQWLO SURSHU EHOW WHQVLRQ LV DWWDLQHG WKHQ WLJKWHQ PRXQWLQJ EROWV )DQ EHOW )LJ &KHFN WHQVLRQ E\ GHSUHVVLQJ EHOW DW PLG VSDQ RI IDQ DQG GULYH VKDIW SXOOH\V ZLWK OEV RI IRUFH $ QHZ EHOW VKRXOG GHIOHFW LQ $ XVHG EHOW VKRXOG GHIOHFW LQ ,I GHIOHFWLRQ LV LQFRU
0$,17(1$1&( 3RVLWLRQ WKH YHKLFOH RQ D OHYHO VXUIDFH VWRS HQJLQH HQJDJH WKH SDUNLQJ EUDNH DQG UHPRYH NH\ IURP LJQLWLRQ VZLWFK 5HPRYH GUDLQ SOXJ IURP VLGH RI UHVHUYRLU DQG OHW K\GUDXOLF IOXLG IORZ LQWR GUDLQ SDQ 5HLQVWDOO DQG WLJKWHQ SOXJ ZKHQ K\GUDXOLF IOXLG VWRSV GUDLQLQJ )LJXUH *RYHUQRU *RYHUQRU RXWSXW OHYHU &KHFN SOXJ 6XUJH VFUHZ )LOO SOXJ /RFNQXW 2Q WRS $'-867,1* $&&(/(5$725 )LJXUH +\GUDXOLF 5HVHUYRLU 'UDLQ SOXJ 3('$/
0$,17(1$1&( $VVXUH ILOWHU PRXQWLQJ DUHD LV FOHDQ 6FUHZ ILOWHU RQ XQWLO JDVNHW FRQWDFWV PRXQWLQJ SODWH 7KHQ WLJKWHQ ILOWHU RQH KDOI WXUQ 6WDUW HQJLQH DQG OHW UXQ IRU DERXW WZR PLQXWHV WR SXUJH DLU IURP WKH V\VWHP 6WRS WKH HQJLQH DQG FKHFN WKH K\GUDXOLF RLO OHYHO DQG IRU OHDNV &/($1,1* +<'5$8/,& 675$,1(5 )LJ &OHDQ DUHD DURXQG VSDUN SOXJV VR IRUHLJQ PDWWHU FDQQRW IDOO LQWR F\OLQGHU ZKHQ VSDUN SOXJ LV UHPRYHG 3XOO VSDUN SOXJ ZLUHV RII VSDUN SOXJV DQG UHPRYH SOXJV IURP F\OLQGHU KHDG
0$,17(1$1&( 7LJKWHQ MDP QXWV DIWHU DGMXVWPHQW KDV EHHQ DWWDLQHG 5HFKHFN FOXWFK VDIHW\ VZLWFK DGMXVWPHQW )LJ (QJLQH PXVW QRW FUDQN XQOHVV FOXWFK SHGDO LV l l IURP IORRU ,I DQ DGMXVWPHQW LV UHTXLUHG ORRVHQ VZLWFK MDP QXWV DQG DGMXVW XS RU GRZQ )LJXUH %UDNH SHGDO &OXWFK SHGDO &OXWFK SHGDO XSVWRS $'-867,1* &/87&+ 3('$/ )LJ )LJXUH &KHFN DGMXVWPHQW HYHU\ KRXUV /RRVHQ MDP QXWV VHFXULQJ FOXWFK FDEOH WR EUDFNHW RQ EHOO KRXVLQJ 1RWH
0$,17(1$1&( ,163(&7 %5$.(6 9LVXDOO\ LQVSHFW EUDNHV IRU ZRUQ EUDNH VKRHV DIWHU HYHU\ KRXUV RI RSHUDWLRQ ,163(&7 7,5(6 &KHFN WLUH FRQGLWLRQ DW OHDVW HYHU\ KRXUV RI RSHUDWLRQ 2SHUDWLQJ DFFLGHQWV VXFK DV KLWWLQJ FXUEV FDQ GDPDJH D WLUH RU ULP DQG DOVR GLVUXSW ZKHHO DOLJQPHQW VR LQVSHFW WLUH FRQGLWLRQ DIWHU DQ DFFLGHQW )5217 :+((/ 72( ,1 )LJ 7LJKWHQ WLH URG MDP QXWV ZKHQ DGMXVWPHQW LV FRUUHFW )86(6 )LJ 7KHUH DUH IXVHV LQ WKH PDFKLQH V HOHFWULFDO V\VWHP 7KH\ DUH ORFDWHG XQ
0$,17(1$1&( %$77(5< &$5( %DWWHU\ HOHFWURO\WH OHYHO PXVW EH SURSHUO\ PDLQWDLQHG DQG WKH WRS RI WKH EDWWHU\ NHSW FOHDQ OI WKH PDFKLQH LV VWRUHG LQ D ORFDWLRQ ZKHUH WHPSHUDWXUHV DUH H[WUHPHO\ KLJK WKH EDWWHU\ ZLOO UXQ GRZQ PRUH UDSLGO\ WKDQ LI WKH PDFKLQH LV VWRUHG LQ D ORFDWLRQ ZKHUH WHPSHUDWXUHV DUH FRRO .HHS WRS RI EDWWHU\ FOHDQ E\ ZDVKLQJ SHULRGLFDOO\ ZLWK D EUXVK GLSSHG LQ DPPRQLD RU ELFDUERQDWH RI VRGD VROXWLRQ )OXVK WKH WRS VXUIDFH ZLWK ZDWHU DIWHU FOHDQLQJ 'R QRW UHPRYH WKH ILOO FDS ZKL
0$,17(1$1&( 6&+('8/( 0LQLPXP 5HFRPPHQGHG 0DLQWHQDQFH ,QWHUYDOV 0DLQWHQDQFH 3URFHGXUH &KHFN %DWWHU\ )OXLG /HYHO &KHFN %DWWHU\ &DEOH &RQQHFWLRQV &OHDQ $LU &OHDQHU 0DLQWHQDQFH ,QWHUYDO (YHU\ KUV (YHU\ KUV (YHU\ KUV 6HUYLFH (YHU\ KUV (YHU\ KUV /XEULFDWH $OO *UHDVH )LWWLQJV ,QVSHFW &RQGLWLRQ DQG :HDU RI 7LUHV c &KDQJH (QJLQH 2LO DQG )LOWHU ,QVSHFW &RROLQJ 6\VWHP +RVHV &KHFN *RYHUQRU 2LO /HYHO a &KHFN &DEOH $GMXVWPHQWV &KHFN $OWHUQDWRU *RYHUQRU DQG )DQ %HOWV &KDQJH $LU &OHDQHU )LOWHU &KHFN (
+<'5$8/,& 6&+(0$7,& +<'5$8/,& 3803 ',63/$&(0(17 63((' ,1 5(9 ,17(51$/ 25 23(5$7,1* 5(/,() 9$/9( 36, 63((' 2) (1*,1( 63((' 3,70$1 287387 32:(5 $66,67(' 6+$)7 67((5,1* *($5 :250 6&5(: ,1 7$1.
(/(&75,&$/ 6&+(0$7,& . % 7 + : 6 . & $ / % * , 1 5 2 + ( ,7 + : 1 ( ( 5 * ( 3* 08 ($ 7 * + 1& 5 ,7 2: +6 * 6 7 / , + & $ 7 ( 8/ % . % 1 5 * ( * 1 $ 5 2 ( * 1 $ 5 2 ( *1$ 5 2 $ * : 2 / / ( < 7 ( / ,2 9 : 2 / / ( < 2 6 ,( 5 2 6 6 ( & & $ : 7 + : * 5 ( ,1 7 17 6 + 5 $ ,* 8 / :/ & 1 % . & 2 / % ( 6 8 ) ' ( ; 5 8 $ , ( * 1 $ 5 12 5 2 + 6 7 / ( 6 8 ) 3 0 $ . & 2 / % ( 6 8 ) : 5 : 6 1 : 2 5 % . & $ / % 7 + : ( 8 / % 7 , . ( .
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
127(6
127(6
7KH 7RUR ,QGXVWULDO 3URGXFWV 2QH