23(5$7,21 ,16758&7,21 :LUH ,3 ,QFK 9LGHR 'RRU 3KRQH 8VHU 0DQXDO ,I \RX KDYH DQ\ SUREOHP GXULQJ WKH LQVWDOODWLRQ RU WKH XVDJH SOHDVH VHQG HPDLO WR RXU VXSSRUW WHDP ZH ZLOO KHOS \RX VROYH WKH SUREOHP $6$3 6XSSRUW HPDLO VXSSRUW#WPH]RQ FRP 2IILFLDO :HEVLWH KWWS ZZZ WPH]RQ FRP 0DQXIDFWXUHU =KXKDL 7PH]RQ 7HFKQRORJ\ &R /LPLWHG $GGUHVV 1R 3LQJEHL QG 5G 1$13,1* 7HFKQRORJ\ $UHD =KXKDL &LW\ *XDQJGRQJ &KLQD
/,0,7$7,21 2) /,$%,/,7< &$5,1* )25 7+( (19,5210(17 %< 5(&<&/,1* Ć 7KLV XVHUV PDQXDO LV VXSSOLHG DV LV ZLWK QR ZDUUDQWLHV EH LW H[SUHVVHG RU LPSOLHG LQFOXGLQJ EXW QRW OLPLWHG WR WKH LPSOLHG ZDUUDQWLHV RI PHUFKDQWDELOLW\ VXLWDELOLW\ IRU DQ\ H[DFW SXUSRVH RU QRQ LQIULQJHPHQW RI DQ\ WKLUG SDUW\ V ULJKWV Ć 7KLV SXEOLFDWLRQ PD\ LQFOXGH WHFKQLFDO LQDFFXUDFLHV RU W\SRV 7KH PDQXIDFWXUHU KROGV WKH ULJKW WR LQWURGXFH DQ\ FKDQJHV WR WKH LQIRUPDWLRQ FRQWDLQHG KHUHLQ IRU DQ\ SXUSRVH LQFOXGLQJ EXW QRW
'HVFULSWLRQ 2I 7KH ,QGRRU 0RQLWRU 1RWH 2Q :LULQJ &RQQHFWLRQ 7KH SRZHU VXSSOLHV IRU HOHFWULF ORFN &&79 FDPHUDV DQG H[WHQVLRQ FDEOHV DUH QRW LQFOXGHG LQ WKH SDFNDJH XVHU FDQ SXUFKDVH DFFRUGLQJ WR DFWXDO UHTXLUHPHQW )LWWLQJV ,QGRRU PRQLWRU SFV 6FUHZ DQFKRUV %UDFNHW SFV SFV SLQ FDEOH SFV 8VHU 0DQXDO SFV ,Q WKH VWDQGDUG GHOLYHU\ WKH V\VWHP VXSSRUWV ORFNV ZLWK 1RUPDOO\ 2SHQ 1 2 GRRU XQORFNLQJ PHWKRG ,W PHDQV WKDW LQ WKH QRUPDO VWDWH WKH GU\ FRQWDFW LV RSHQHG VR WKH ORFN LV NHSW XQ
PP VKLHOGHG FRD[LDO ZLULQJ FDEOH &RQQHFW WKH VKLHOGHG ZLULQJ FDEOH WR *1' FRQQHFW WKH FRD[LDO ZLULQJ FDEOH WR 9LGHR FRQQHFW WKH RWKHU WZR ZLULQJ FDEOH WR $XGLR DQG 9&& *1' *1' 9LGHR 9LGHR ,QVWDOO 7KH ,QGRRU 8QLW 3OHDVH EH IDU IURP WKH GHYLFHV ZLWK LQWHQVH UDGLDWLRQ 79 '95 HWF 'R QRW GLVDVVHPEOH SULYDWHO\ WR DYRLG WKH HOHFWULF VKRFN 'R QRW GURS VKDNH RU NQRFN WKH GHYLFH RWKHUZLVH ZLOO GDPDJH WKH HOHPHQWV &KRRVH WKH EHVW SRVLWLRQ WR LQVWDOO 3OHDVH SRZHU RII EHIRUH LQVW
2SHUDWLRQ ,QWURGXFWLRQ RQ ,QGRRU 0RQLWRU 'HVFULSWLRQ 2Q ,QGRRU 8QLW 9,6,725 &$// 0RQLWRULQJ 7DON 8QORFN +DQJ XS 6WDQGE\ PRGH 7) 'HVFULSWLRQV 1DPH 3RZHU /(' WKH SRZHU LQGLFDWRU RI WKH LQGRRU PRQLWRU 7KH GRRU VWDWH OLJKWV WR GRRU ZRUNLQJ ZKHQ WKH /(' LV RQ 7KH GRRU VWDWH OLJKWV WR GRRU ZRUNLQJ ZKHQ WKH /(' LV RQ 7)7 GLVSOD\ 9LHZ YLVLWRU¶V LPDJH RU PHQX LQWHUIDFH GLVSOD\HG RQ WKH 7)7 VFUHHQ 0LFURSKRQH 7U
0RQLWRULQJ 2Q ,QGRRU 0RQLWRU ,QWHUQDO &RPPXQLFDWLRQ $PRQJ LQGRRU PRQLWRUV 3OHDVH EH DZDUH RI &RQQHFWLRQ RI RXWGRRU FDPHUDV DQG &&79 FDPHUDV WR LQGRRU PRQLWRU LV UHTXLUHG IRU GXDO HQWUDQFH PRQLWRULQJ DW OHDVW $W OHDVW LQGRRU XQLWV LV UHTXLUHG 6WDQGE\ 0RGH 0RQLWRULQJ 0RQLWRULQJ 6KRZ '225 LPDJH 6KRZ &$0 LPDJH 0RQLWRULQJ 6KRZ '225 LPDJH 0RQLWRULQJ 0RQLWRULQJ 6KRZ &$0 LPDJH &ORVH /&' (DFK PRQLWRULQJ WLPH LV 6 3UHVV WKH EXWWRQ ³ ´ 7DON 6WDQGE\ 0RGH 3UHVV WKH 7UDQVIHU FDOO
,Q VWDQGE\ PRGH SUHVV WKH EXWWRQ ³ ´ WR DFFHVV WKH PDLQ PHQX LQWHUIDFH VKRZV WKH PDLQ LQWHUIDFH 0(18 23(5$7,216 DV VKRZQ EHORZ 2Q PHQX VHWWLQJV VFUROO WKH EXWWRQ ³ ´ XS RU GRZQ WR PRYH WKH FXUVRU WR VHOHFW VXE PHQX WKH VHOHFWHG LFRQ IUDPH ZLOO EH ZKLWH WKHQ SUHVV WKH EXWWRQ ³ ´ DJDLQ WR HQWHU VXE PHQX 127,&(φ LQWHUIDFH 2Q VXE PHQX VHWWLQJV SUHVV ³ ´ WR VHOHFW PHQX RSWLRQV DQG SUHVV ³ ´ WR H[LW FXUUHQW +DQJ XS PHQX LQWHUIDFH 6HW 6\VWHP 3DUDPHWHUV 2Q PDLQ PHQX PRYH WKH
6HWWLQJ 'RRU VHWWLQJ 3UHVV ³ ´ WR HQWHU WKH ³'RRU ´ PHQX 2Q 'RRU VHWWLQJ PHQX XVHU FDQ VHOHFW 'RRU RU 'RRU WR VHW 6LJQDO PRGH 6LJQDO W\SH XQORFN GHOD\ 5HFRUG PRGH 0RWLRQ GHWHFWLRQ 0RWLRQ GHWHFWLRQ GXUDWLRQ 0RWLRQ GLVSOD\ $ODUP E\ PRWLRQ GHWHFWLRQ 0HVVDJH DQG 5LQJ VHWWLQJ 6FUROO ³ ´ WR PRYH WKH FXUVRU XS RU GRZQ SUHVV ³ ´ WR HQWHU HGLW PRGHO WKHQ VFUROO ³ ´ XS RU GRZQ WR PRGLI\ WKH SDUDPHWHU YDOXH SUHVV ³ ´ WR H[LW +DQJ XS 'RRU ^^i (QDEOH VZLWFK 2Q ^^i 6LJQDO
&XVWRPL]H ULQJWRQH 8VHU FDQ FXVWRPL]H WKH ULQJ WRQH RI WKH RXWGRRU EHOO :KHQ IRUPDWWLQJ D 7) FDUG RQ WKH PRQLWRU LW ZLOO DXWR FUHDWH D IROGHU QDPHG ³5LQJ´ RQ WKH 7) FDUG FRS\ WKRVH ULQJWRQH ILOHV LQ 0S IRUPDW WR WKLV IROGHU SOHDVH QRWH WKDW WKRVH PS ULQJWRQH ILOH QDPHV WKH QDPH FDQ EH XS WR FKDUDFWHUV DQG LW FDQ FRQWDLQ QXPEHUV RU OHWWHUV 6HW WKH ³5LQJ PRGH´ WR ³&XVWRPL]H´ DQG WKHQ VHOHFW WKH PS ULQJWRQH RQ WKH ³5LQJ VHOHFW´ PHQX 6HWWLQJ &DPHUD VHWWLQJ 2Q VHWWLQJ PHQX PRYH WKH FX
>&ORXG VHUYLFHV@ 'HYLFH QHWZRUNLQJ VWDWXV GLVSOD\ LQFOXGLQJ ³8QFRQQHFWHG´ DQG ³&RQQHFWHG´ ³8QFRQQHFWHG´ PHDQV WKH PRQLWRU LV QRW FRQQHFWHG WR WKH 7X\D FORXG VHUYHU ³&RQQHFWHG´ PHDQV WKDW WKH PRQLWRU LV FRQQHFWHG WR WKH 7X\D FORXG VHUYHU WKURXJK WKH ³7X\D6PDUW´ DSSOLFDWLRQ >,3 $GGUHVV@ 3UHYLHZ WKH PRQLWRU ,3 DGGUHVV LQ WKLV ILHOG :KHQ WKH PRQLWRU LV FRQQHFWHG WR WKH :L )L URXWHU YLD D ZLUHOHVV QHWZRUN WKH ,3 DGGUHVV FDQ RQO\ EH GLVSOD\HG ZKHQ WKH PRQLWRU LV VXFFHVVIXOO\ FRQQHFWHG WR WKH 7X\D FORX
1RWLFH WKDW WKRVH MSJ SLFWXUH ILOHV FDQ EH QDPHG XS WR FKDUDFWHUV DQG FDQ FRQWDLQ QXPEHUV RU OHWWHUV 3KRWR IUDPH 3KRWR IUDPH 2II 'LJLWDO SKRWR WLPH 6 %DFNJURXQG PXVLF 2II %DFNJURXQG YROXPH >&DOO UHFRUG@ $OO FDOO UHFRUG YLGHRV DQG FDOO VQDSVKRWV FDQ EH SUHYLHZHG RQ WKH ³&DOO UHFRUG´ ILOH >0HVVDJH UHFRUG@ $OO PHVVDJH UHFRUG YLGHRV FDQ EH SUHYLHZHG RQ WKH ³0HVVDJH UHFRUG´ ILOH >0RWLRQ UHFRUG@ $OO UHFRUG YLGHRV DQG VQDSVKRWV WULJJHUHG E\ PRWLRQ GHWHFWLRQ DODUP FDQ EH SUHYLHZHG RQ WKH ³
$IWHU VHOHFWLQJ D OLVW SUHVV ³ ´ WR SOD\ 6FUROO ³ ´ XS RU GRZQ WR PRYH WKH FXUVRU DQG SUHVV ³ ´ WR FRQILUP 6FUHHQ VDYHU GLVSOD\ 2YHUFDVW 7HPSHUDWXUH R& +XPLGLW\ 3UHVVXUH PP+J 3OD\ EDFN D YLGHR B B'225 PRY )ULGD\ > @ 8VH WKLV LWHP WR VZLWFK WR WKH SUHYLRXV ILOH > @ 8VH WKLV LWHP WR SDXVH DQG WKH LFRQ ZLOO FKDQJH WR ³ ´ > @ 8VH WKLV LWHP WR VZLWFK WR WKH QH[W ILOH > @ 8VH WKLV
0RELOH 3KRQH 6RIWZDUH 9LVLW 6HW XS ,3 ,QGRRU 0RQLWRU :LUHG QHWZRUN +RPH 6HFXULW\ %HJLQV DW WKH 7X\D 6PDUW
6WHS /RJLQ WKH 7X\D 6PDUW DSS DGG D QHZ ,3 PRQLWRU &OLFN ³$GG 'HYLFH´ !³$XWR 6FDQ´ ! FKRRVH DYDLODEOH GHYLFH IRXQG WR DGG :LUHOHVV QHWZRUN 7KH LQGRRU PRQLWRU ZLWK :L)L IXQFWLRQ FDQ DOVR ZRUN XQGHU ZLUHOHVV QHWZRUN 6WHS /RJLQ WKH 7X\D 6PDUW DSS DGG D QHZ ,3 PRQLWRU &OLFN ³$GG 'HYLFH´ RU ³ ´ &OLFN ³$GG 0DQXDOO\´ !³9LGHR 6XUYHLOODQFH´ !³$FFHVV &RQWURO´ :DLW IRU FRQQHFWLRQ &KRRVH ³(= 0RGH´ PDNH VXUH WKH PRQLWRU HQWHU (= PRGH &KRRVH *+] :L)L QHWZRUN
7KH LFRQV RQ OLYH YLHZ 6WHS /RJLQ WKH 7X\D 6PDUW DSS DGG D QHZ ,3 PRQLWRU 7RXFK ³$GG 'HYLFH´ RU ³ ´ &OLFN ³$GG 0DQXDOO\´ ! ³9LGHR 6XUYHLOODQFH´ ! ³$FFHVV &RQWURO´ &KRRVH ³$3 0RGH´ 0DNH VXUH WKH LQGRRU PRQLWRU LV DOUHDG\ LQ $3 PRGH FOLFN ³1H[W´ 6HWWLQJ 3UHYLHZ PRGH 0XWH )XOO VFUHHQ SUHYLHZ 9ROXPH RQ 6SHDN $OEXP 6ZLWFK &KDQQHO 6QDSVKRW 8QORFN IRU 'RRU &KRRVH *+] :L)L QHWZRUN DQG HQWHU ZLUHOHVV SDVVZRUG &RQQHFW \RXU PRELOH SKRQH WR WKH GHYLFH¶V KRWVSRW )LOO LQ WKH
$ODUP ,QVWUXFWLRQV ,QVWUXFWLRQ IRU RXWGRRU GRRUEHOO &$0 DQG &$0 RI WKLV SURGXFWLRQ KDYH HDFK DQ DODUP IXQFWLRQ :KHQ WKH WULJJHU WHUPLQDO DQG *1' LV VKRUWHG WKH DODUP LV DFWLYDWH WKH VSHDNHU RI WKH LQGRRU PRQLWRU ULQJV DQG FRQWLQXHV WKH GXUDWLRQ DFFRUGLQJ WR WKH PHQX ³6HWWLQJ !&DPHUD VHWWLQJ ! &DPHUD &DPHUD ! $ODUP WLPH´ GXULQJ WKLV WLPH SUHVV ³ ´ WR VWRS DODUPLQJ DQG +DQJ XS HQWHU WKH VWDQGE\ PRGH )RU WKH PRGHOV ZLWK 6' FDUG VLPXOWDQHRXVO\ WULJJHUV UHFRUGLQJ RU VQDSVKRWWLQJ UHOD
PP &DPHUD PP PP LQFK &026 FDPHUD 0HWKRG 12 /RFN FRQQHFWLRQ ZLWKRXW SRZHU VXSSO\ FRQWURO 12 ORFN RQO\ R 9LHZ DQJOH + 'HILQLWLRQ 3 3 &9%6 /('V IRU QLJKW ,5 /('V R 'D\ 1LJKW ,5 &87 3RZHU FRQVXPSWLRQ $& '& SRZHU VXSSO\ IRU XQORFNLQJ QRW LQFOXGHG P$ PD[ 3RZHU VXSSOLHU 6XSSOLHG IURP LQGRRU PRQLWRU 2SHUDWLRQ WHPS &a & ,QVWDOODWLRQ 6XUIDFH PRXQW $QJOH PRXQW R R (OHFWURQLF ORFN QRW LQFOXGHG 3RZHU '& 9 $XGLR 7R LQG
