Detailed instructions for use are in the User's Guide.
[. . . ] [. . . ] <RXDUHQRZDVNHGZKHWKHU\RXZDQWWRRSHQWKH ILOHRUVWRUHLWRQWKH3&6HOHFWWKH2SHQRSWLRQ KHUHDQGIROORZWKHLQVWUXFWLRQVRQWKHVFUHHQ , IWHVWLQJWKHFRQQHFWLRQRSWLRQVLQVHUWWKH 3RFNHW3&LQWKHFKDUJLQJV\QFKURQL]DWLRQGRFN LQJVWDWLRQVHHQH[WSDJH
*HWWLQJ6WDUWHG
67(3&211(&7, 1*727+(&20387(5
6WDUWWKH3RFNHW3&E\RSHUDWLQJWKH2Q2II VZLWFK (QVXUHWKDWWKH3RFNHW3&LVHLWKHULQVHUWHGLQWKH FKDUJLQJV\QFKURQLVDWLRQVWDWLRQRULVFRQQHFWHG ZLWKWKH$FWLYH6\QF®FDEOH 3OXJWKH86%SOXJLQWRDIUHH86VORWRQ\RXU FRPSXWHU
·
7KHKDUGZDUHLQVWDOODWLRQDVVLVWDQWZLOOQRZGHWHFWD QHZGHYLFHDQGLQVWDOODVXLWDEOHGULYHU7KLVPD\WDNHD IHZPLQXWHV, IXQVXFFHVVIXOWKHILUVWWLPHUHSHDWWKH FRQQHFWLRQDWWHPSW
)ROORZWKHLQVWUXFWLRQVRQ\RXUVFUHHQ7KHSUR JUDPZLOOQRZVHWXSDSDUWQHUVKLSEHWZHHQ\RXU 3&DQGWKH3RFNHW3&$VDUHVXOWRIWKHV\Q FKURQLVDWLRQ\RXUGDWDPDLOFRQWDFWVDSSRLQW PHQWVHWFZLOOEHDXWRPDWLFDOO\WUDQVIHUUHGWR \RXU3RFNHW3&
·
<RXZLOOILQGIXUWKHUSURJUDPVRQ\RXU&RPSDQLRQ&' XQGHU (QKDQFH<RXU([SHULHQFHÖ0RELOLW\RU(QWHUWDLQPHQW
67(386, 1*7+(32&. (73& 23(5$7, 1*7+(32&. (73&
5HPRYHWKH3RFNHW3&IURPWKHFKDUJ LQJV\QFKURQL]DWLRQGRFNLQJVWDWLRQ , QRUGHUWRH[HFXWHDIXQFWLRQRUDSURJUDP DQGWKHQWKH 8VHWKHVW\OXVWRWDS GHVLUHGRSWLRQ 3UHVVWKHSURJUDPNH\VRIWKH3RFNHW3&LQRU GHUWRVWDUWWKHGHVLUHGSURJUDP7KHXQGHUO\ LQJSURJUDPVFDQEHGHILQHGXVLQJ6WDUWÖ 6HWWLQJVÖ%XWWRQV ([SODQDWLRQVRIWKHRSHUDWLRQDQGIXQFWLRQDOLW\RI WKHSURJUDPVFDQEHREWDLQHGIURP6WDUWÖ +HOS (QJOLVK
6<1&+521, =$7, 21%(7:((132&. (73&$1'3&
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Ö6HWWLQJV &KDQJHWKHGHYLFHQDPHRIWKH3RFNHW3&LIQHFHV VDU\LILWGRHVQRWFRUUHVSRQGZLWKWKHGHYLFHQDPH VWRUHGE\$FWLYH6\QF
*HWWLQJ6WDUWHG
:25. , 1*:, 7+0(025<&$5'6
<RXU3RFNHW3&VXSSRUWV00&DQG6'PHPRU\FDUGV
, 16(57, 1*0(025<&$5'6
&DUHIXOO\UHPRYHWKHPHPRU\FDUGIURPLWV SDFNLQJLILQFOXGHG7DNHFDUHQRWWRWRXFKRU GLUW\WKHFRQWDFWV , QVHUWWKHPHPRU\FDUGLQWR WKHFDUGVORWZLWKWKH FRQQHFWLRQSRLQWLQJWRWKH VORWDQGWKHFRQWDFWVSRLQWLQJ WRWKHUHDUVLGH7KHFDUG VKRXOGFOLFNHDVLO\LQWRSODFH
%DFNVLGH
5(029, 1*0(025<&$5'6
·
'RQRWUHPRYHWKHPHPRU\FDUGZKLOHLWLVDF FHVVHG7KLVFRXOGUHVXOWLQORVVRIGDWD
7RUHPRYHWKHFDUGSUHVVOLJKWO\RQWRWKHXSSHU HGJHXQWLOLWHMHFWV 3XOOWKHFDUGRXWZLWKRXWWRXFKLQJWKHFRQWDFWV 6WRUHWKHPHPRU\FDUGLQWKHSDFNLQJRULQDQ RWKHUVDIHORFDWLRQ
·
0HPRU\FDUGVDUHYHU\IUDJLOH7DNHFDUHQRWWR GLUW\WKHFRQWDFWVDQGQRWWRIRUFHWKHFDUG
(QJOLVK
$&&(66, 1*0(025<&$5'6
0HPRU\FDUGVDUHQRUPDOO\VKRZQDV6WRUDJH&DUGV LQWKH:LQGRZV([SORUHU <RXFDQDFFHVVWKHPHPRU\FDUGOLNHDQRUPDOGULYH DQGVWRUHUHQDPHRUGHOHWHILOHV
·
7KH3RFNHW3&RQO\VXSSRUWVPHPRU\FDUGVWKDWDUH IRUPDWWHGLQ)$7ILOHIRUPDW, IFDUGVWKDWDUH SUHSDUHGZLWKDQRWKHUIRUPDWDUHLQVHUWHGHJLQ FDPHUDV03SOD\HUVLWLVSRVVLEOHWKDW\RXU 3RFNHW3&ZLOOQRWUHFRJQLVHLWDQGZLOODVN\RXWR IRUPDWLWDJDLQ :DUQLQJIRUPDWWLQJWKHPHPRU\FDUGLUUHWULHYDEO\ FDQFHOVDOOGDWD 1RWDOOGRFXPHQWVFDQEHH[FKDQJHGRYHUWKH PHPRU\FDUG, QVRPHFDVHVWKH\PXVWEHFRQ YHUWHGZLWKWKH0LFURVRIW$FWLYH6\QFSUR JUDP
·
'$7$(;&+$1*(9, $&$5'5($'(5
<RXFDQWUDQVIHURUV\QFKURQLVHGDWDYLD$FWLYH6\QF 7KLVLVDOVRWKHFRUUHFWPHWKRGLQSDUWLFXODULIILOHV DUHWREHWUDQVIHUUHGWKDWPXVWEHFRQYHUWHGLQWRD 3RFNHW3&UHDGDEOHIRUPDW +RZHYHULI\RXZLVKWRFRS\ODUJHTXDQWLWLHVRIGDWD 03ILOHVQDYLJDWLRQPDSVWRWKHPHPRU\FDUG WKHVHFDQDOVREHVWRUHGGLUHFWO\WRWKHPHPRU\FDUG 0DQ\FRPSXWHUVDOUHDG\KDYHPHPRU\FDUGGHYLFHV , QVHUWWKHFDUGLQWKLVDQGFRS\WKHGDWDGLUHFWO\WRWKH FDUG %HFDXVHRIWKHGLUHFWDFFHVVVLJQLILFDQWO\IDVWHUWUDQV IHUZLOOEHDFKLHYHG
*HWWLQJ6WDUWHG
5(6(77, 1*7+(32&. (73&
7KHUHDUHWZRRSWLRQVIRUUHVHWWLQJWKH3RFNHW3&
62)75(6(7
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
+$5'5(6(7
:DUQLQJ$KDUGUHVHWGHOHWHVDOOGDWDRQ\RXU 3RFNHW3&DQGFDXVHVDQHZLQLWLDOLQVWDOODWLRQ , WLVQRWQHFHVVDU\WRLQVWDOOWKHVRIWZDUHRQ\RXUV\Q FKURQLVDWLRQFRPSXWHUDJDLQKRZHYHU 3HUIRUPWKHKDUGUHVHWDVIROORZV , ISRVVLEOHVDYHDOOWKHILOHVQHHGHGIURP\RXU 3RFNHW3&7RGRWKLVXVHWKHSURJUDP %DFNXS5HVWRUHZKLFKLVSUHLQVWDOOHGRQWKH 3RFNHW3&VHHRQOLQHKHOSRUWKHPDQXDORQ&' +ROGGRZQWKH2Q2IIVZLWFKDQGFDUU\RXWDVRIW UHVHWDVGHVFULEHGDERYH
(QJOLVK
1$9, *$7, 21:, 7+237, 21$/0(025<&$5'
7KLVRSWLRQLVRQO\DYDLODEOHZKHQ\RXU3RFNHW3&LVILW ZLWKDSUHLQVWDOOHGPHPRU\FDUG, QWKLVFDVH\RX FDQXVHWKHQDYLJDWLRQIXQFWLRQRI\RXUSRFNHW3&ZLWK RXWH[HFXWLQJWKHSUHLQVWDOODWLRQRQD3&7KHPHPRU\ FDUGFRQWDLQVWKHQDYLJDWLRQVRIWZDUHDQGLVHLWKHUSUH LQVWDOOHGRQ\RXU3RFNHW3&RUGHOLYHUHGVHSDUDWHO\ · 2QWKHVXSSOLHGPHPRU\FDUG\RXFDQILQGSUH SDUHGFDUGPDWHULDODVZHOODVWKHQDYLJDWLRQ VRIWZDUHIRUWKH3RFNHW3& 3OHDVHFRPSOHWHWKHIROORZLQJVWHSVWRLQVWDOODQGXVH WKH1DYLJDWLRQV\VWHPLQ\RXUFDU 5HDGDQGDGKHUHWRWKHVDIHW\LQVWUXFWLRQVRQ SDQGIROORZLQJDQGSDQGIROORZLQJ , QVWDOOWKHFRPSRQHQWVRIWKHQDYLJDWLRQV\VWHP LQ\RXUFDU)ROORZWKHLQVWUXFWLRQRQS 3UHVVWKH2Q2IIEXWWRQWRVWDUW\RXU3RFNHW3&, I WKHLQVWUXFWLRQVRI6WHSSDJHKDYHQRW\HWEHHQ H[HFXWHGWKHQGRLWQRZ7KHEDWWHU\RIWKH3RFNHW3& LVFKDUJHGWKURXJKWKHSRZHUFLUFXLWRIWKHFDU
·
6KRXOGWKH00&FDUGQRWEHLQVHUWHGLQWKH3RFNHW 3&WKHQLQVHUWLWLQWRWKHVORW
1DYLJDWLRQZLWKRSWLRQDO0HPRU\&DUG
6WDUW)LOH([SORUHU n o 6ZLWFKWRWKHPHPRU\FDUG n o
p
p
, QVWDOOWKHQDYLJDWLRQSURJUDPE\FOLFNLQJRQWR WKHSURJUDP0HGLRQ1DYLJDWRU7KHQWKH V\PEROZLOODSSHDULQWKHSURJUDPIROGHU n 7KHQDYLJDWLRQVRIWZDUHLVQRZLQVWDOOHGDQGFDQEH XVHGDVGHVFULEHGRQSDJH
(QJOLVK
1$9, *$7, 1*:, 7+7+(32&. (73&
6$)(7<, 16758&7, 216)251$9, *$7, 21
7KHEXQGOHGSURGXFW&'FRQWDLQVDFRPSUHKHQVLYHLQ VWUXFWLRQPDQXDO
7, 36)251$9, *$7, 21
·
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
·
·
·
, 16758&7, 216)25&$5, 167$//$7, 21
·
· ·
1DYLJDWLQJZLWKWKH3RFNHW3&
·
7KHSRZHUSOXJZLOOFRQVXPHSRZHUHYHQLIQR GHYLFHLVFRQQHFWHG5HPRYHLWZKHQQRWLQXVHWR DYRLGGUDLQLQJWKHEDWWHU\ &KHFNDOOVDIHW\HTXLSPHQWLQ\RXUFDUDIWHULQVWDO ODWLRQ 7KHGLVSOD\RI\RXU3RFNHW3&PD\VKRZ³OLJKWUH IOH[LRQV´3OHDVHWDNHFDUHRIQRWEHLQJ³EOLQGHG´ GXULQJRSHUDWLRQ 'RQRWSDLQWRUJOXHWKLQJVRQWRWKH*36 UHFHLYHU6LJQDOUHFHSWLRQPLJKWEHKDPSHUHG
· ·
, 16758&7, 216)25*365(&(, 9(5
·
62)7:$5(, 167$//$7, 21
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
(QJOLVK
&217(1762)7+(1$9, *$7, 21&'6
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
02817, 1*7+(1$9, *$7, 216(7, 1$&$5
·
$WWHQWLRQ2QO\IL[WKHKROGHUIRUWKHSRFNHW3& WRWKHZLQGVFUHHQLILWGRHVQRWLPSHGHWKHYLHZ 6KRXOGWKLVQRWEHSRVVLEOHWKHQPRXQWWKHKROGHU ZLWKWKHHQFORVHGVXFWLRQSODWHLQDQ\ZD\WKDW ZLOODOORZSHULOIUHHDQGVDIHRSHUDWLRQ +LQW, I\RXZDQWWRIL[WKHKROGHUWRWKHZLQG VFUHHQWKHQ\RXFDQVNLSVWHSVDQG
, 167$//$7, 212)7+(+2/'(52)7+(32&. (73&
·
5HPRYHWKHSURWHFWLYHIRLOIURPWKHVWLFN\VLGHRI WKHVXFWLRQSODWH )L[WKHVXFWLRQSODWHWRDVXLWDEOHORFDWLRQRQWKH GDVKERDUG7DNHFDUHWKDWWKHVXUIDFHRIWKHGDVK ERDUGLVFOHDQDQGSUHVVWKHVXFWLRQSODWHVWURQJO\RQ WRWKHVXUIDFH
·
7RREWDLQDVWURQJDQGVHFXUHKROGWKHVXFWLRQ SODWHVKRXOGQRWEHXVHGIRUKRXUV
1DYLJDWLQJZLWKWKH3RFNHW3&
&DUKROGHU
6XFWLRQKHDG
)OH[LEOHQHFN
0RXQWWKHFDUKROGHUWRWKHIOH[LEOHQHFN1RWHWKH ODEHOVRQWKHIOH[LEOHQHFN7KHDUURZODEHOHG FORVHPXVWSRLQWLQWKHGLUHFWLRQRIWKHIL[WXUH 7KHFRQQHFWLRQFORVHVZLWKDQRWLFHDEOHFOLFNLQJ VRXQG 3ODFHWKHKROGHUZLWKWKHVXFWLRQKHDGRQWRWKH VXFWLRQSODWHRUGLUHFWO\RQWRWKHZLQGVFUHHQ DQGSUHVVWKHOHYHURQWKHVXFWLRQKHDGGRZQ ZDUGV7KHVXFWLRQKHDGZLOOVWLFNLWVHOIILUPO\WR WKHVXFWLRQSODWH 3ODFHWKH3RFNHW3&LQWRWKHFDUKROGHU
6XFWLRQSODWH
(QJOLVK
, 167$//$7, 212)7+(*365(&(, 9(5
7KH*36UHFHLYHULVVROHO\LQWHQGHGIRUXVHDQGLQVWDO ODWLRQLQFDUV
·
+LQW*36UHFHSWLRQPD\EHOLPLWHGE\DKHDWHG ZLQGVFUHHQDZLQGVFUHHQZLWKDQWHQQDRUE\D PHWDOFRDWHGVFUHHQ $WWHQWLRQ7KH*36UHFHLYHUUHTXLUHVDIUHHOLQH RIVLJKWWRWKHVN\&KHFNIRUUHJXODUUHFHSWLRQDW WKHLQWHQGHGPRXQWLQJSRVLWLRQEHIRUH\RX ILQDOO\PRXQWWKHUHFHLYHU7KH*36UHFHLYHUUH TXLUHVDIUHHOLQHRIVLJKWWRWKHVN\
·
5HPRYHWKHSURWHFWLYHIRLOIURPWKHVWLFN\VLGHRI WKH9HOFURWDSHDQGVWLFNWKH9HOFURWDSHRQWRWKH GDVKERDUGDVFORVHDVSRVVLEOHXQGHUWKHIURQWRI WKHZLQGVFUHHQ7DNHFDUHWKDWWKHVXUIDFHRIWKH ZLQGVFUHHQLVFOHDQ 5HPRYHWKHSURWHFWLYHIRLOIURPWKHVWLFN\VLGHRI WKH9HOFURWDSHDQGVWLFNLWWRWKHERWWRPVLGHRI WKH*36UHFHLYHU7DNHFDUHWKDWWKHVXUIDFHRI WKHERWWRPRIWKH*36UHFHLYHLVFOHDQ $WWDFKWKH*36UHFHLYHUE\PHDQVRIWKH9HOFURWDSH
1DYLJDWLQJZLWKWKH3RFNHW3&
), 567, 1, 7, $/, =$7, 212)7+(*365(&(, 9(5
·
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
·
·
·
7KHLQLWLDOL]DWLRQSURFHVVZLOODXWRPDWLFDOO\WDNHSODFH ZKHQWKH*36UHFHLYHULVVXSSOLHGZLWKSRZHUIURP WKHFLJDUHWWHOLJKWHUVRFNHW 7KHLQLWLDOL]DWLRQSURFHVVFDQDOVRWDNHSODFHZKLOH GULYLQJLIHJWKHFLJDUHWWHOLJKWHUVRFNHWRQO\IXQF WLRQVZKHQWKHLJQLWLRQLVVZLWFKHGRQ , QVHUWWKHSRZHUDGDSWHURIWKH*36UHFHLYHULQWR WKHFLJDUHWWHOLJKWHUVRFNHW 7KH/('RQWKHSRZHUDGDSWHULQGLFDWHVZKHWKHUWKH *36UHFHLYHULVVXSSOLHGZLWKSRZHU
(QJOLVK
&211(&7, 1*32&. (73&$1'*365(&(, 9(5
*36UHFHLYHU 9HOFURWDSH
3RZHUDGDSWHU
'LVFRQQHFWWKHSRZHUDGDSWHUIURPWKH FLJDUHWWHOLJKWHUFRQWDFWEHIRUH\RXFRQQHFW WKH*36UHFHLYHUZLWKWKH3RFNHW3&EHFDXVH RWKHUZLVHDV\VWHPFUDVKPD\RFFXUZKLFKPLJKW UHTXLUH\RXWRUHVWDUWWKH3RFNHW3& &RQQHFWWKH*36UHFHLYHUFDEOHZLWKWKHVSOLWWHU RIWKHFRQQHFWLRQFDEOH &RQQHFWWKHGDWDFRQQHFWRURIWKHFRQQHFWLRQFD EOHZLWKWKHSRFNHW3& , QVHUWWKHSRZHUDGDSWHULQWRWKHFLJDUHWWHOLJKWHU VRFNHWDQGHQVXUHWKDWLWZLOOQRWORVHFRQWDFW ZKLOHGULYLQJ7KLVFRXOGFDXVHDPDOIXQFWLRQ
·
+LQW5HPRYHWKHSRZHUDGDSWHUIURPWKHFLJD UHWWHOLJKWHUVRFNHWZKHQHQGLQJDWULSRUZKHQ SDUNLQJWKHFDUIRUDH[WHQGHGSHULRGRIWLPH 2WKHUZLVHWKHFDUEDWWHU\FRXOGEHGUDLQHG
1DYLJDWLQJZLWKWKH3RFNHW3&
67$57, 1*1$9, *$7, 21
6ZLWFKRQWKH3RFNHW3& 6WDUWWKH0HGLRQ1DYLJDWRUSURJUDPLQWKHSUR JUDPGLUHFWRU\RI\RXU3RFNHW3& $VVRRQDVWKH*36V\PEROFKDQJHVIURP*36WR *36WKHQXPEHULQGLFDWHVKRZPDQ\VDWHOOLWHV DUHUHFHLYHGWKHLQLWLDOL]DWLRQLVFRPSOHWHGDQG \RXFDQVWDUWWRGULYH
·
+LQW7KH*36UHFHLYHUZLOOUHTXLUHDWOHDVW PLQXWHVIRULQLWLDOL]DWLRQZKHQGHSOR\HGIRUWKH ILUVWWLPH(YHQZKHQ*36VLJQDOUHFHSWLRQLVLQGL FDWHGWKHQDYLJDWLRQFRXOGEHLPSUHFLVH, QDOOIX WXUHLQVWDQFHVLWZLOOWDNHDERXWVHFRQGVXQWLO DFRUUHFW*36VLJQDOLVDYDLODEOH7KHLQLWLDOL]DWLRQ SURFHVVPXVWRQO\EHH[HFXWHGZKHQWKHQDYLJD WLRQVRIWZDUHLVUXQIRUWKHILUVWWLPH
&OLFNRQ1DYLJDWLRQWRVSHFLI\\RXUGHVWLQDWLRQ , QRUGHUWRREWDLQGHWDLOHGLQIRUPDWLRQDERXWKRZ WRXVHWKHSURJUDPFOLFNRQWKH+HOSEXWWRQ
·
+LQW2FFDVLRQDOO\HQWU\ILHOGVPD\EHFRYHUHGE\ WKHRQVFUHHQNH\ERDUG+LGHWKHNH\ERDUGE\ WDSSLQJWKHNH\ERDUGV\PEROLQWKHEXWWRQEDUDW WKHERWWRP&OLFNLQJWKHNH\ERDUGV\PERODJDLQ ZLOOEULQJWKHNH\ERDUGEDFNDJDLQ )RUGHWDLOHGLQIRUPDWLRQRQKRZWRXVHWKHSUR JUDPFOLFNRQWKH+HOSEXWWRQLQWKHPDLQPHQXRI WKHQDYLJDWLRQSURJUDP
·
(QJOLVK
)$4
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
$FWLYH6\QFIRUV\QFKURQLVDWLRQ 7KHLQIRUPDWLRQPDQDJHPHQWSURJUDP 2XWORRNDQGRWKHUKHOSSURJUDPVIURP 0LFURVRIW $GGLWLRQDOSURJUDPVRSWLRQDO $FRPSUHKHQVLYH8VHUPDQXDOIRURSHU DWLQJWKH3RFNHW3&SURJUDPV
&RQWHQWRIWKH1DYLJDWLRQ&'V 0DS([SRUWPDSPDWHULDO <RXQHHGWKLVSURJUDPWRFUHDWH\RXURZQ PDSV, WLVLQVWDOOHGRQWKHFRPSXWHU 3UHSDUHGPDSH[WUDFWVDQG3RFNHW3& UDSLGLQVWDOODWLRQ )$4
7KHVHDUHSUHSDUHGPDSVWKDW\RXFDQ FRS\HDVLO\XVLQJWKHILOHPDQDJHU([ SORUHUWRWKHRSWLRQDOPHPRU\FDUG 7KHVHPDSVDUHWKHQLPPHGLDWHO\DYDLODEOH RQWKH3RFNHW3& 7KH0HGLRQ1DYLJDWRUFDEILOHFDQEH IRXQGLQWKHUDSLGLQVWDOODWLRQIROGHU, I\RX FRS\WKLVILOHWRWKH3RFNHW3&PHPRU\ FDUGDQGUXQLWWKHUHWKHQDYLJDWLRQSUR JUDPLVLQVWDOOHGGLUHFWO\RQWKH3RFNHW3& VHHSDJH 7KH3RFNHW3&LVQRORQJHUUHVSRQGLQJ:KDW VKRXOG, GR" &DUU\RXWDVRIWUHVHWVHHSDJH
+RZFDQ, DGMXVWWKHOLJKWLQJ" 0DQXDOO\VHHSDJH 2QWKH3RFNHW3&XQGHU6WDUWÖ6HW WLQJVÖ6\VWHPÖ/LJKWLQJ
+RZFDQ, ILQGRXWLQIRUPDWLRQRQWKHFRQILJXUD WLRQRIWKH3RFNHW3&" 2QWKH3RFNHW3&XQGHU6WDUWÖ6HWWLQJV Ö6\VWHP
:KDWVRUWRISURFHVVRUPXVW, FKRRVHLI, ZDQWWR LQVWDOOVRIWZDUHWKDWKDVEHHQZULWWHQIRUYDULRXV SODWIRUPV" &KRRVH$50
(QJOLVK
6(/)+(/3
), 567$, ', 17+((9(172)0$/)81&7, 21
*(1(5$/*8, '$1&(
·
7KHUHJXODUUXQQLQJRIWKH:LQGRZVSURJUDPV ³'HIUDJ´DQG³6FDQGLVN´RQWKH3&FDQUHPRYH VRXUFHVRIHUURUDQGUDLVHV\VWHPSHUIRUPDQFH
&+(&. &211(&7, 216$1'&$%/(6
6WDUWZLWKDFDUHIXOYLVXDOFKHFNRIDOOFDEOHOLQNV, I WKH/&'¶VDUHQRWZRUNLQJPDNHVXUHWKDWWKHSRZHU LVUHDFKLQJWKHFRPSXWHUDQGDOOSHULSKHUDOV
·
6ZLWFKRIIWKHFRPSXWHUDQGFKHFNDOOFDEOHOLQNV , IWKHFRPSXWHULVFRQQHFWHGWRSHULSKHUDOVFKHFN DOVRWKHSOXJFRQQHFWLRQVRIDOOFDEOHV'RQRWDU ELWUDULO\VZDSWKHFDEOHVEHWZHHQYDULRXVXQLWV HYHQLIWKH\DSSHDUWREHSUHFLVHO\WKHVDPH7KH SLQDVVLJQPHQWVRIWKHFDEOHVDUHOLNHO\WREHGLI IHUHQW2QFH\RXKDYHDVFHUWDLQHGWKDWWKHSRZHU VXSSO\LVQRWDWIDXOWDQGDOOFRQQHFWLRQVDUHLQ WDFWVZLWFKRQWKHFRPSXWHUDJDLQ
6HOI+HOS
)$8/76$1'3266, %/(&$86(6
7KH3RFNHW3&GRHVQRWUHVSRQGDQ\PRUH
·
3UHVVWKHUHVHWEXWWRQ6HHSDJH 6HHLQIRUPDWLRQRQSDJH , QWKH6HWWLQJVPHQXRIWKH$FWLYH6\QFSURJUDP \RXFDQGHILQHSUHFLVHO\ZKLFKUXOHVDUHWREHDS SOLHGGXULQJV\QFKURQL]DWLRQ &DOOXSWKHSURJUDP+HOSE\SUHVVLQJ)LQRUGHU WRVHHWKHHIIHFWVRIWKHFRUUHVSRQGLQJVHWWLQJV 7HUPLQDWHDQ\XQQHFHVVDU\SURJUDPVLQRUGHUWR IUHHXSVXIILFLHQWPHPRU\VSDFHDJDLQ, QDGGLWLRQ XQGHU6WDUWÖ6HWWLQJVÖ0HPRU\Ö&XUUHQWSUR JUDPVWHUPLQDWHDSSOLFDWLRQVWKDWDUHQRORQJHU QHHGHG
7KH3RFNHW3&LVUHFRJQL]HGRQO\DVDJXHVWE\$FWLYH6\QF
·
(OHPHQWVKDYHLQDGYHUWHQWO\EHHQRYHUZULWWHQ
·
7KH3RFNHW3&VKRZVWKDWLQVXIILFLHQWPHPRU\LVDYDLODEOH
·
5HPRYHXQQHFHVVDU\ILOHV&KHFNWHPSRUDU\, QWHU QHWILOHV0XOWLPHGLDILOHV03$9, %03HWFFDQ EHYHU\ELJ&KHFNLI\RXVWLOOQHHGWKHVH 2QFH, KDYHLQVWDOOHG$FWLYH6\QF, JHWHUURUPHV VDJHVIURPDPDLQWHQDQFHSURJUDP
·
, QWKHWHPSRUDU\IROGHUFUHDWHGE\WKHV\VWHP WKHSURJUDPFUHDWHVWKH:&(6&200/2*ILOH ZKLFKFDQQRWEHGHOHWHG, IDQRWKHUSURJUDPWULHV WRGRWKLVDFRUUHVSRQGLQJHUURUPHVVDJH DSSHDUV7KH*36UHFHLYHUFDQQRWEHLQLWLDOLVHG
(QJOLVK
7KH*36UHFHLYHUFDQQRWEHLQLWLDOL]HG , IWKH*36V\PERO*365HPDLQVRQWKHVFUHHQRIWKH 3RFNHW3&GHVSLWHFRUUHFWLQVWDOODWLRQWKHQWKLVFDQEH FDXVHGE\WKHIROORZLQJ
·
7KH*36UHFHLYHULVFRQILJXUHGIRURQHRIWKHRWKHU FRQQHFWRUVDQGQRWIRU&20RIWKH3RFNHW3&
6ROXWLRQ &OLFNRQ6HWWLQJVLQWKH0DLQ0HQX 6HOHFW*36FRQILJXUDWLRQIURPWKHOLVWLQWKHZLQ GRZ6HWWLQJV $FWLYDWH&20DQGREVHUYHWKH*36V\PEROLQWKH XSSHUULJKWFRUQHU$VVRRQDVWKLVFKDQJHVIURP *36WR*36WKHQXPEHULQGLFDWHVKRZPDQ\ VDWHOOLWHVDUHUHFHLYHG\RXKDYHVXFFHVVIXOO\DFWL YDWHGWKH&20SRUW &OLFNRQ6DYHFKDQJHV
·
7KH*36UHFHLYHUGRHVQRWUHFHLYHSRZHU7KH JUHHQ/('RQWKHSRZHUDGDSWHULVQRWOLW
6ROXWLRQ 6KRXOGWKH*36V\PERO*36VWLOOEHVKRZQHYHQ DIWHUWKHFRQILJXUDWLRQRIWKH&20SRUWWKHQLW FRXOGEHWKDW\RXUFDUGRHVQRWSURYLGHFRQWLQXRXV SRZHU &ORVHWKHQDYLJDWLRQSURJUDP 6ZLWFKRQWKHLJQLWLRQDQGUHVWDUWWKHQDYLJDWLRQSUR JUDP7KH*36V\PERO*36VKRXOGQRZEHGLV SOD\HGDIWHUDVKRUWZKLOH
·
+LQW)URPQRZRQDOZD\VVZLWFKRQWKHLJQLWLRQ ILUVWEHIRUHVWDUWLQJWKHQDYLJDWLRQVRIWZDUH
7KHGLVSOD\MLWWHUVVORZVOXJJLVKUHVSRQVHRUWKH SURJUDPDERUWV 7KLVPD\EHGXHWRDPHPRU\VSDFHSUREOHP7KH QDYLJDWLRQVRIWZDUHUHTXLUHVDSSUR[LPDWHO\0% 6HOI+HOS
IUHHPDLQPHPRU\VSDFHIRUVZDSRXWILOHVHWF, I WKLVLVQRORQJHUDYDLODEOHWKHVWDWHGSUREOHPVPD\ DULVH7KH3RFNHW3&PD\DOVRJRLQWRHQHUJ\VDYLQJ PRGHZKLFKFDQOHDGWRWKHPHPRU\FDUGQRORQJHU EHLQJFRUUHFWO\UHFRJQLVHG 6ROXWLRQ
· · · ·
&ORVHGRZQDOOSURJUDPV 'HOHWHXQQHFHVVDU\ILOHV033')HWFRUVDYH WKHPH[WHUQDOO\ 6WDUWWKHQDYLJDWLRQSURJUDPDJDLQ &DUU\RXWDVRIWUHVHWSDJH
$'', 7, 21$/6833257
, IWKHVXJJHVWLRQVLQWKHDERYHVHFWLRQKDYHQRWVROYHG \RXUSUREOHPSOHDVHFRQWDFWRXUFXVWRPHUVHUYLFHKRW OLQH+RZHYHUEHIRUH\RXFRQWDFW\RXU7HFKQRORJ\&HQ WHUSOHDVHKDYHWKHIROORZLQJLQIRUPDWLRQDYDLODEOH +RZHYHUEHIRUH\RXFRQWDFW\RXU7HFKQRORJ\&HQWHU SOHDVHKDYHWKHIROORZLQJLQIRUPDWLRQDYDLODEOH +RZLV\RXUFRPSXWHUFRQILJXUHG" :KDWDGGLWLRQDOSHULSKHUDOVGR\RXXVH" :KDWPHVVDJHVLIDQ\DSSHDURQ\RXUVFUHHQ" :KDWVRIWZDUHZHUH\RXXVLQJZKHQWKHHUURURFFXUUHG" :KDW VWHSV KDYH \RX DOUHDG\ XQGHUWDNHQ WR VROYH WKHSUREOHP" - +DYH\RXXSJUDGHGRUUHPRYHGGULYHUVRUKDUGZDUH" - &DQ\RXPDQXDOO\UHSHDWWKHSUREOHP" - , I\RXKDYHEHHQJLYHQDFXVWRPHUQXPEHUSUHYL RXVO\SOHDVHJLYHWKLVQXPEHUWRWKHWHFKQLFLDQ
(QJOLVK
:$55$17<
7KHUHFHLSWVHUYHVDVSURRIRIILUVWSXUFKDVHDQGVKRXOGEH NHSWLQDVDIHSODFH<RXUOHJDOULJKWVDUHQRWOLPLWHGE\WKHVH ZDUUDQW\FRQGLWLRQV, WLVUHTXLUHGVKRXOG\RXQHHGWRPDNH XVHRIWKHJXDUDQWHH :HJXDUDQWHHWKDWWKLVHTXLSPHQWLVLQSHUIHFWZRUNLQJRU GHU8SRQSURGXFWLRQRIWKHUHFHLSWWKHUHPDLQLQJSHULRGRI JXDUDQWHHVKDOOSDVVRQIURPWKHRULJLQDOSDUWVWRWKHUH VSHFWLYHUHSODFHPHQWSDUWV, I\RXKDQGLQWKLVHTXLSPHQWWR PDNHXVHRIWKHJXDUDQWHH\RXPXVWUHPRYHDOOSURJUDPV GDWDDQGUHPRYDEOHVWRUDJHPHGLD3URGXFWVZKLFKDUHVHQW ZLWKRXWDFFHVVRULHVZLOOEHUHSODFHGZLWKRXWDFFHVVRULHV7KH ZDUUDQW\REOLJDWLRQGRHVQRWDSSO\LQWKHFDVHRIWKHSURE OHPEHLQJFDXVHGE\DQDFFLGHQWDFDWDVWURSKHYDQGDOLVP PLVXVHLQFRUUHFWXVHLJQRULQJWKHVDIHW\DQGPDLQWHQDQFH UHJXODWLRQVFKDQJHVE\VRIWZDUHYLUXVHVRUDQRWKHUSLHFHRI HTXLSPHQWRUDFFHVVRULHVRUE\RWKHUPRGLILFDWLRQVQRWDS SURYHGE\RXUVHOYHV7KLVOLPLWHGJXDUDQWHHGHFODUDWLRQUH SODFHVDOORWKHUJXDUDQWHHVRIH[SUHVVRULPSOLHGQDWXUH 7KLVLQFOXGHVWKHJXDUDQWHHRIVDOHDELOLW\RUWKHVXLWDELOLW\ IRUDFHUWDLQSXUSRVHEXWLVQRWOLPLWHGWRWKLV, QVRPH FRXQWULHVWKHH[FOXVLRQRILPSOLHGJXDUDQWHHVLVQRWSHUPLV VLEOHXSRQSULQFLSOH, QWKLVFDVHWKHYDOLGLW\RIDOOH[SUHVV DQGLPSOLHGJXDUDQWHHVLVOLPLWHGWRWKHJXDUDQWHHSHULRG 2QFHWKLVSHULRGKDVH[SLUHGDOOJXDUDQWHHVEHFRPHLQYDOLG , QVRPHFRXQWULHVOLPLWLQJWKHSHULRGRIYDOLGLW\IRULPSOLHG JXDUDQWHHVLVQRWSHUPLWWHGVRWKDWWKHDERYHOLPLWDWLRQ GRHVQRWFRPHLQWRIRUFH, I\RXKDYHDQ\TXHVWLRQVZLWK UHJDUGWRWKHVHJXDUDQWHHFRQGLWLRQVSOHDVHFRQWDFWXV
6HOI+HOS
/, $%, /, 7</, 0, 7$7, 216
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
, QVRPHFRXQWULHVWKHH[FOXVLRQRUOLPLWDWLRQRIDFFRPSDQ\ LQJRUIROORZRQGDPDJHLVQRWOHJDOO\DFFHSWHGVRWKDWWKH DERYHOLPLWDWLRQVGRQRWFRPHLQWRIRUFH
&23<, 1*7+, 60$18$/
7KLVGRFXPHQWFRQWDLQVOHJDOO\SURWHFWHGLQIRUPDWLRQ$OO ULJKWVUHVHUYHG&RS\LQJLQPHFKDQLFDOHOHFWURQLFDQGDQ\ RWKHUIRUPZLWKRXWWKHZULWWHQDSSURYDORIWKHPDQXIDFWXUHU LVSURKLELWHG
&RS\ULJKW$OOULJKWVUHVHUYHG0LFURVRIW06'26DQG:LQGRZV DUHUHJLVWHUHGWUDGHPDUNVRI0LFURVRIW&RUSRUDWLRQLQWKH86DQGRWKHU FRXQWULHV3HQWLXPLVDUHJLVWHUHGWUDGHPDUNRI, QWHO&RUSRUDWLRQ7KHQDPHV RIDFWXDOFRPSDQLHVDQGSURGXFWVPHQWLRQHGKHUHLQPD\EHWKHWUDGHPDUNVRI WKHLUUHVSHFWLYHRZQHUV, QIRUPDWLRQLQWKLVGRFXPHQWLVVXEMHFWWRFKDQJH ZLWKRXWQRWLFH
(QJOLVK
(1'86(5/, &(16($*5((0(17)25 0, &5262)762)7:$5((8/$
(8/$5HJXODWLRQV
· <RXKDYHDFTXLUHGDGHYLFH³'(9, &(´WKDWLQFOXGHVVRIWZDUHOLFHQVHG E\0(', 21IURP0LFURVRIW/LFHQVLQJ, QFRULWVDIILOLDWHV³06´7KRVH LQVWDOOHGVRIWZDUHSURGXFWVRI06RULJLQDVZHOODVDVVRFLDWHGPHGLD SULQWHGPDWHULDOVDQG³RQOLQH´RUHOHFWURQLFGRFXPHQWDWLRQ ³62)7:$5(´DUHSURWHFWHGE\LQWHUQDWLRQDOLQWHOOHFWXDOSURSHUW\ODZV DQGWUHDWLHV7KH62)7:$5(LVOLFHQVHGQRWVROG$OOULJKWVUHVHUYHG 62)7:$5(LQFOXGHVVRIWZDUHDOUHDG\LQVWDOOHGRQWKH'(9, &(³'(9, &( 6RIWZDUH´DQG06VRIWZDUHFRQWDLQHGRQWKH&'520GLVN³&RPSDQ LRQ&'´ , )<28'2127$*5((727+, 6(1'86(5/, &(16($*5((0(17 ³(8/$´'212786(7+('(9, &(25&23<7+(62)7:$5( , 167($'352037/<&217$&70(', 21)25, 16758&7, 21621 5(78512)7+(8186(''(9, &(6)25$5()81'$1<86(2)7+( 62)7:$5(, 1&/8', 1*%87127/, 0, 7('7286(217+('(9, &( :, //&2167, 787(<285$*5((0(17727+, 6(8/$25 5$7, ), &$7, 212)$1<35(9, 286&216(17
·
*5$17 2) 62)7:$5( /, &(16( 7KLV (8/$ JUDQWV \RX WKH IROORZLQJ OL FHQVH · ·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³6RIW ZDUH, QVWDOODWLRQDQG8VH´VHFWLRQRIWKHRQOLQH(8/$\RXPD\LQVWDOO RQHFRS\RI0LFURVRIW2XWORRNRQRQHFRPSXWHUWRXVHH[ FKDQJHGDWDVKDUHGDWDDFFHVVDQGLQWHUDFWZLWKWKH'(9, &(DQGLL WKH(8/$IRU0LFURVRIW2XWORRNLVEHWZHHQ0(', 21DQGWKHHQG XVHU±QRWEHWZHHQWKH3&PDQXIDFWXUHUDQGHQGXVHU
·
6HOI+HOS
·
6HFXULW\8SGDWHV'LJLWDO5LJKWV0DQDJH PHQW&RQWHQWSURYLGHUV DUHXVLQJWKHGLJLWDOULJKWVPDQDJHPHQWWHFKQRORJ\FRQWDLQHGLQWKLV 62)7:$5(³'50´WRSURWHFWWKHLQWHJULW\RIWKHLUFRQWHQW³6HFXUH &RQWHQW´VRWKDWWKHLULQWHOOHFWXDOSURSHUW\LQFOXGLQJFRS\ULJKWLQVXFK FRQWHQWLVQRWPLVDSSURSULDWHG3RUWLRQVRIWKLV62)7:$5(DQGWKLUG SDUW\DSSOLFDWLRQVVXFKDVPHGLDSOD\HUVXVH'50WRSOD\6HFXUH&RQ WHQW³'506RIWZDUH´, IWKH'5062)7:$5(¶VVHFXULW\KDVEHHQFRP SURPLVHGRZQHUVRI6HFXUH&RQWHQW³6HFXUH&RQWHQW2ZQHUV´PD\ UHTXHVWWKDW06UHYRNHWKH'5062)7:$5(¶VULJKWWRFRS\GLVSOD\ DQGRUSOD\6HFXUH&RQWHQW5HYRFDWLRQGRHVQRWDOWHUWKH'50 62)7:$5(¶VDELOLW\WRSOD\XQSURWHFWHGFRQWHQW$OLVWRIUHYRNHG'50 62)7:$5(LVVHQWWR\RXUFRPSXWHUZKHQHYHU\RXGRZQORDGDOLFHQVH IRU6HFXUH&RQWHQWIURPWKH, QWHUQHW<RXWKHUHIRUHDJUHHWKDW06 PD\LQFRQMXQFWLRQZLWKVXFKOLFHQVHDOVRGRZQORDGUHYRFDWLRQOLVWV RQWR\RXUFRPSXWHURQEHKDOIRI6HFXUH&RQWHQW2ZQHUV06ZLOOQRW UHWULHYHDQ\SHUVRQDOO\LGHQWLILDEOHLQIRUPDWLRQRUDQ\RWKHULQIRUPD WLRQIURP\RXUFRPSXWHUE\GRZQORDGLQJVXFKUHYRFDWLRQOLVWV6HFXUH &RQWHQW2ZQHUVPD\DOVRUHTXLUH\RXWRXSJUDGHVRPHRIWKH'50 FRPSRQHQWVLQWKLV62)7:$5(³'508SJUDGHV´EHIRUHDFFHVVLQJWKHLU FRQWHQW:KHQ\RXDWWHPSWWRSOD\VXFKFRQWHQW06'5062)7:$5( ZLOOQRWLI\\RXWKDWD'508SJUDGHLVUHTXLUHGDQGWKHQDVNIRU\RXU FRQVHQWEHIRUHWKH'508SJUDGHLVGRZQORDGHG7KLUGSDUW\'50 6RIWZDUHPD\GRWKHVDPH, I\RXGHFOLQHWKHXSJUDGH\RXZLOOQRWEH DEOHWRDFFHVVFRQWHQWWKDWUHTXLUHVWKH'508SJUDGHKRZHYHU\RX ZLOOVWLOOEHDEOHWRDFFHVVXQSURWHFWHGFRQWHQWDQG6HFXUH&RQWHQWWKDW GRHVQRWUHTXLUHWKHXSJUDGH
'(6&5, 37, 212)27+(55, *+76$1'/, 0, 7$7, 216
· 6SHHFK+DQGZULWLQJ5HFRJQLWLRQ , IWKH62)7:$5(LQFOXGHVVSHHFK DQGRUKDQGZULWLQJUHFRJQLWLRQFRPSRQHQWV\RXVKRXOGXQGHUVWDQG WKDWVSHHFKDQGKDQGZULWLQJUHFRJQLWLRQDUHLQKHUHQWO\VWDWLVWLFDOSURF HVVHVDQGWKDWHUURUVFDQRFFXULQWKHFRPSRQHQW¶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³520´RIWKH'(9, &(PD\RQO\EHXVHGDVSDUWRIWKH '(9, &( 6LQJOH(8/$7KHSDFNDJHIRUWKH'(9, &(PD\FRQWDLQPXOWLSOHYHU VLRQVRIWKLV(8/$VXFKDVPXOWLSOHWUDQVODWLRQVDQGRUPXOWLSOHPHGLD YHUVLRQVHJLQWKHXVHUGRFXPHQWDWLRQDQGLQWKHVRIWZDUH(YHQLI \RXUHFHLYHPXOWLSOHYHUVLRQVRIWKH(8/$\RXDUHOLFHQVHGWRXVHRQO\ RQHFRS\RIWKH'(9, &(6RIWZDUH 125(17$/([FHSWLIVSHFLILFDOO\DXWKRUL]HGE\0(', 21IRUOHDVHG KDUGZDUH\RXPD\QRWUHQWOHDVHRUOHQGWKH62)7:$5(
·
·
·
·
(QJOLVK
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·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³)RU8S JUDGH3XUSRVHV2QO\´\RXPD\LQVWDOORQHFRS\RIVXFK'(9, &( 6RIWZDUHRQWRWKH'(9, &(DVDUHSODFHPHQWFRS\IRUWKHH[LVWLQJ '(9, &(6RIWZDUHDQGXVHLWLQDFFRUGDQFHZLWKWKLV(8/$ &203$1, 21&', IDQ\VRIWZDUHFRPSRQHQWVLVSURYLGHGE\ 0(', 21VHSDUDWHIURPWKH'(9, &(RQ&'520GLVNVRUYLDZHE GRZQORDGRURWKHUPHDQVDQGODEHOHG³)RU8SJUDGH3XUSRVHV2QO\´ \RXPD\LLQVWDOODQGXVHRQHFRS\RIVXFKFRPSRQHQWVRQWKH FRPSXWHUV\RXXVHWRH[FKDQJHGDWDZLWKWKH'(9, &(DVDUHSODFH PHQWFRS\IRUWKHH[LVWLQJ&RPSDQLRQ&'FRPSRQHQWV
·
83*5$'(6$1'5(&29(5<0(', $ ·
·
&23<5, *+7 $OOWLWOHDQGLQWHOOHFWXDOSURSHUW\ULJKWVLQDQGWRWKH62)7:$5(LQFOXGLQJEXW QRWOLPLWHGWRDQ\LPDJHVSKRWRJUDSKVDQLPDWLRQVYLGHRDXGLRPXVLFWH[W DQG³DSSOHWV´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
6HOI+HOS
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
(QJOLVK
, 1'(;
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
, QGH[
1 1DYLJDWLQJZLWKWKH 3RFNHW3& 2 2SHUDWLQJ(QYLURQPHQW 3 3RZHU 3RZHUFRQQHFWRU 3RZHUVXSSO\ 5 5HFRUG%XWWRQ 5HSDLU 5HVHW 5HVHW%XWWRQ 5HVHWWLQJWKH3RFNHW 3& 6 6DIHW\DQG0DLQWHQDQFH 6DIHW\, QVWUXFWLRQV &DEOLQJ &RQQHFWLRQ 3RZHUVXSSO\ 3RZHU %DWWHU\2SHUDWLRQ 6FDQGLVN
6RIW5HVHW 6RIWZDUH, QVWDOODWLRQ 6WDUWLQJ1DYLJDWLRQ 6WRUDJH 6W\OXV 6XSSOLHG, WHPV 6ZLWFKLQJRQWKH 3RFNHW3& 6\VWHPSHUIRUPDQFH 7 7H[WUHFRJQLWLRQ 7RS&RPSRQHQWV 7UDQVSRUW 8 8SJUDGLQJ5HWURILWWLQJ 8VLQJWKH3RFNHW3& 9 9LHZ %DFN&RPSRQHQWV )URQW&RPSRQHQWV %RWWRP&RPSRQHQWV 7RS&RPSRQHQWV : :DUUDQW\ :RUNLQJZLWK0HPRU\ &DUGV
(QJOLVK [. . . ] [. . . ]