A SERVICE OF

logo


%UDNHVHTXHQFH3U3UWR3U
%UDNHVHTXHQFH3U3UWR3U%UDNHVHTXHQFH3U3UWR3U
%UDNHVHTXHQFH3U3UWR3U
3
33
3$
$$
$5
55
5$
$$
$0
00
0(
((
(7
77
7(
((
(5
55
56
66
6


 3DUDPHWHUVHWWLQJ
3DUDPHWHUVHWWLQJ3DUDPHWHUVHWWLQJ
3DUDPHWHUVHWWLQJ
 6HWVSHHGFRQWUROLQ3UFRQWUROV\VWHPVHOHFWLRQ5HIHUWRSDJH
 6HWRUEUDNHVHTXHQFHPRGHLQ3U
7RHQVXUHPRUHFRPSOHWHVHTXHQFHFRQWUROLWLVUHFRPPHQGHGWRVHWEUDNHRSHQLQJFRPSOHWLRQVLJQDOLQSXW
LQ3U
 5HIHUWRWKHIROORZLQJWDEOHDQGVHWWKHSDUDPHWHUV
7KLVIXQFWLRQLVYDOLGGXULQJYHFWRUFRQWURO


 6HWWLQJWHUPLQDOV
6HWWLQJWHUPLQDOV6HWWLQJWHUPLQDOV
6HWWLQJWHUPLQDOV
7KHWHUPLQDOVPXVWEHDVVLJQHGXVLQJ3UWR3UDQG3UDQG3UWR3UDQG3U
3U
3U3U
3U
6HWWLQJ
6HWWLQJ6HWWLQJ
6HWWLQJ
2SHUDWLRQ0RGH
2SHUDWLRQ0RGH2SHUDWLRQ0RGH
2SHUDWLRQ0RGH 'HVFULSWLRQ
'HVFULSWLRQ'HVFULSWLRQ
'HVFULSWLRQ
1RUPDORSHUDWLRQPRGH ²²
%UDNHVHTXHQFHPRGH
:LWKPHFKDQLFDOEUDNHRSHQLQJ
FRPSOHWLRQVLJQDOLQSXW
7KLVIXQFWLRQFDXVHVWKHLQYHUWHUWRRXWSXWWKH
PHFKDQLFDOEUDNHRSHUDWLRQWLPLQJVLJQDOIRU
HOHYDWLQJDSSOLFDWLRQ
)RUWKHIXQFWLRQGHWDLOVDQGVHWWLQJPHWKRGUHIHUWR
3UWR3UEUDNHVHTXHQFHIXQFWLRQ
:LWKRXWPHFKDQLFDOEUDNH
RSHQLQJFRPSOHWLRQVLJQDOLQSXW
5(0$5.6
5(0$5.65(0$5.6
5(0$5.6
(YHQLIWKHLQWHOOLJHQWRSHUDWLRQIXQFWLRQKDVEHHQVHOHFWHGLQSXWWLQJWKHMRJRU57VHFRQGIXQFWLRQVHOHFWLRQVLJQDOGXULQJDQ
LQYHUWHUVWRSZLOOVZLWFKWRWKHQRUPDORSHUDWLRQDQGJLYHSULRULW\WRMRJRSHUDWLRQRUVHFRQGIXQFWLRQVHOHFWLRQ
$IWHULQWHOOLJHQWRSHUDWLRQKDVEHHQVWDUWHGQHLWKHUWKHMRJVLJQDOQRUWKH57VLJQDOLVDFFHSWHG
3DUDPHWHU
3DUDPHWHU3DUDPHWHU
3DUDPHWHU 1DPH
1DPH1DPH
1DPH
6HWWLQJ
6HWWLQJ6HWWLQJ
6HWWLQJ
5DQJH
5DQJH5DQJH
5DQJH
'HVFULSWLRQ
'HVFULSWLRQ'HVFULSWLRQ
'HVFULSWLRQ
 %UDNHRSHQLQJVSHHG WRUPLQ
6HWWKHYDOXHKLJKHUWKDQWKH3UVWDUWLQJVSHHG
6HWWLQJLVHQDEOHGRQO\ZKHQ3U
3U
 %UDNHRSHQLQJFXUUHQW WR
*HQHUDOO\VHWWKLVSDUDPHWHUWRDERXWWR,IWKHVHWWLQJLVWRR
ORZWKHORDGLVOLDEOHWRGURSZLWKJUDYLW\DWVWDUW
6XSSRVHWKDWWKHUDWHGLQYHUWHUFXUUHQWLV

%UDNHRSHQLQJFXUUHQW
GHWHFWLRQWLPH
WRV *HQHUDOO\VHWWKLVSDUDPHWHUWRDERXWWRV

%UDNHRSHUDWLRQWLPH
DWVWDUW
WRV
3U 6HWWKHPHFKDQLFDOGHOD\WLPHXQWLOWKHEUDNHLVORRVHQHG
3U 6HWWKHPHFKDQLFDOGHOD\WLPHXQWLOWKHEUDNHLVORRVHQHG
DERXWWRV

%UDNHRSHUDWLRQ
VSHHG
WRUPLQ
*HQHUDOO\VHWWKH3UVHWWLQJWRUPLQWRWKLVSDUDPHWHU
6HWWLQJLVHQDEOHGRQO\ZKHQ3U
3U

%UDNHRSHUDWLRQWLPH
DWVWRS
WRV
3U 6HWWKHPHFKDQLFDOGHOD\WLPHXQWLOWKHEUDNHLVFORVHG
V
3U 6HWWKHPHFKDQLFDOGHOD\WLPHXQWLOWKHEUDNHLVFORVHG
DERXWWRV

'HFHOHUDWLRQ
GHWHFWLRQIXQFWLRQ
VHOHFWLRQ
'HFHOHUDWLRQLVQRWGHWHFWHG
,IGHFHOHUDWLRQLVQRWQRUPDOGXULQJGHFHOHUDWLRQRSHUDWLRQWKHLQYHUWHU
DODUP(0%LVSURYLGHGWRVKXWRIIWKHRXWSXWDQGWXUQRIIWKHEUDNH
RSHQLQJUHTXHVWVLJQDO%2)

2YHUVSHHGGHWHFWLRQ
VSHHG
WRUPLQ
,IGHWHFWHGVSHHGRXWSXWVSHHG!3UWKHLQYHUWHUDODUP
(0%LVSURYLGHGWRVKXWRIIWKHRXWSXWDQGWXUQRIIWKHEUDNHRSHQLQJ
UHTXHVWVLJQDO%2)
 2YHUVSHHGLVQRWGHWHFWHG
&$87,21
&$87,21&$87,21
&$87,21
:KHQXVLQJWKLVIXQFWLRQVHWWKHDFFHOHUDWLRQGHFHOHUDWLRQWLPHWRVRUORQJHU
:KHQXVLQJWKLVIXQFWLRQVHWWKHDFFHOHUDWLRQGHFHOHUDWLRQWLPHWRVRUORQJHU:KHQXVLQJWKLVIXQFWLRQVHWWKHDFFHOHUDWLRQGHFHOHUDWLRQWLPHWRVRUORQJHU
:KHQXVLQJWKLVIXQFWLRQVHWWKHDFFHOHUDWLRQGHFHOHUDWLRQWLPHWRVRUORQJHU
6LJQDO
6LJQDO6LJQDO
6LJQDO
%UDNH6HTXHQFH0RGH
%UDNH6HTXHQFH0RGH%UDNH6HTXHQFH0RGH
%UDNH6HTXHQFH0RGH
3U 
3U 3U 
3U 
ZLWKPHFKDQLFDOEUDNHRSHQLQJ
ZLWKPHFKDQLFDOEUDNHRSHQLQJZLWKPHFKDQLFDOEUDNHRSHQLQJ
ZLWKPHFKDQLFDOEUDNHRSHQLQJ
FRPSOHWLRQVLJQDO
FRPSOHWLRQVLJQDOFRPSOHWLRQVLJQDO
FRPSOHWLRQVLJQDO
3U 
3U 3U 
3U 
ZLWKRXWPHFKDQLFDOEUDNHRSHQLQJ
ZLWKRXWPHFKDQLFDOEUDNHRSHQLQJZLWKRXWPHFKDQLFDOEUDNHRSHQLQJ
ZLWKRXWPHFKDQLFDOEUDNHRSHQLQJ
FRPSOHWLRQVLJQDO
FRPSOHWLRQVLJQDOFRPSOHWLRQVLJQDO
FRPSOHWLRQVLJQDO
%2) %UDNHRSHQLQJUHTXHVW %UDNHRSHQLQJUHTXHVW
%5, %UDNHRSHQLQJFRPSOHWLRQVLJQDO ²²
&$87,21
&$87,21&$87,21
&$87,21


 7KHEUDNHRSHQLQJFRPSOHWLRQVLJQDO%5,LVDSDUDPHWHUYDOLGZKHQ3U 
7KHEUDNHRSHQLQJFRPSOHWLRQVLJQDO%5,LVDSDUDPHWHUYDOLGZKHQ3U 7KHEUDNHRSHQLQJFRPSOHWLRQVLJQDO%5,LVDSDUDPHWHUYDOLGZKHQ3U 
7KHEUDNHRSHQLQJFRPSOHWLRQVLJQDO%5,LVDSDUDPHWHUYDOLGZKHQ3U 


 &KDQJLQJWKHWHUPLQDOIXQFWLRQXVLQJDQ\RI3UWR3U3U3UWR3UDQG3U
&KDQJLQJWKHWHUPLQDOIXQFWLRQXVLQJDQ\RI3UWR3U3U3UWR3UDQG3U&KDQJLQJWKHWHUPLQDOIXQFWLRQXVLQJDQ\RI3UWR3U3U3UWR3UDQG3U
&KDQJLQJWKHWHUPLQDOIXQFWLRQXVLQJDQ\RI3UWR3U3U3UWR3UDQG3U
PD\DIIHFWWKHRWKHUIXQFWLRQV&RQILUPWKHIXQFWLRQVRIWKHFRUUHVSRQGLQJWHUPLQDOVEHIRUHPDNLQJ
PD\DIIHFWWKHRWKHUIXQFWLRQV&RQILUPWKHIXQFWLRQVRIWKHFRUUHVSRQGLQJWHUPLQDOVEHIRUHPDNLQJPD\DIIHFWWKHRWKHUIXQFWLRQV&RQILUPWKHIXQFWLRQVRIWKHFRUUHVSRQGLQJWHUPLQDOVEHIRUHPDNLQJ
PD\DIIHFWWKHRWKHUIXQFWLRQV&RQILUPWKHIXQFWLRQVRIWKHFRUUHVSRQGLQJWHUPLQDOVEHIRUHPDNLQJ
VHWWLQJ5HIHUWRSDJH
VHWWLQJ5HIHUWRSDJHVHWWLQJ5HIHUWRSDJH
VHWWLQJ5HIHUWRSDJH