:LWKWKHYHQWLODWLRQV\VWHPVZLWFKHGRQDLULVH[WUDFWHGIURPWKH
NLWFKHQDQGWKHDGMDFHQWURRPV²ZLWKRXWDQDGHTXDWHVXSSO\RI
DLU WKH DLU SUHVVXUH IDOOV EHORZ DWPRVSKHULF SUHVVXUH 7R[LF JDVHV
IURPWKHFKLPQH\RUWKHH[WUDFWLRQVKDIWDUHVXFNHGEDFNHGLQWR
WKHOLYLQJVSDFH
■ 7KHUHPXVWWKHUHIRUHDOZD\VEHDQDGHTXDWHVXSSO\RIDLU
■ $VXSSO\DLUDLUH[WUDFWLRQGXFWDORQHLVQRWVXIILFLHQWWRHQVXUH
FRPSOLDQFHZLWKWKHOLPLW
,W LV RQO\ SRVVLEOH WR VDIHO\ RSHUDWH WKH DSSOLDQFH LI WKH SUHVVXUH LQ
WKHURRPLQZKLFKWKHKHDWLQJDSSOLDQFHLVLQVWDOOHGGRHVQRWGURS
PRUH WKDQ Ă3D ĂPEDU EHORZ DWPRVSKHULF SUHVVXUH 7KLV FDQ
EHDFKLHYHGLIWKHDLUQHHGHGIRUFRPEXVWLRQLVDEOHWRHQWHU
WKURXJKRSHQLQJVWKDWFDQQRWEHVHDOHGIRUH[DPSOHWKURXJK
GRRUV ZLQGRZV E\ PHDQV RI D VXSSO\DLUDLUH[WUDFWLRQ GXFW RU E\
RWKHUWHFKQLFDOPHDQV
7KH H[KDXVW DLU PXVW QRW EH FRQYH\HG LQWR D IXQFWLRQLQJ VPRNH RU
H[KDXVWJDVIOXHRULQWRDVKDIWWKDWLVXVHGWRYHQWLODWHURRPVLQ
ZKLFKKHDWLQJDSSOLDQFHVDUHLQVWDOOHG
,IWKHH[KDXVWDLULVWREHFRQYH\HGLQWRDQRQIXQFWLRQLQJVPRNH
RUH[KDXVWJDVIOXH\RXPXVWREWDLQWKHFRQVHQWRIWKHKHDWLQJ
HQJLQHHUUHVSRQVLEOH
$OZD\V FRQVXOW WKH KHDWLQJ HQJLQHHU UHVSRQVLEOH 7KH\ ZLOO EH DEOH
WRDVVHVVWKHKRXVHVHQWLUHYHQWLODWLRQVHWXSDQGVXJJHVWWKH
PRVWDSSURSULDWHYHQWLODWLRQPHDVXUHV
,IDZLQGRZFRQWDFWVZLWFKLVEHLQJXVHGWKHYHQWLODWLRQV\VWHP
SKDVH ĂLQWKHPDLQVSRZHUFDEOHZLOOEHGLVFRQQHFWHGIURPWKH
PDLQVSRZHUVXSSO\ZKHQWKHZLQGRZLVFORVHG
8QUHVWULFWHGRSHUDWLRQLVSRVVLEOHLIWKHYHQWLODWLRQV\VWHPLV
RSHUDWHGH[FOXVLYHO\LQDLUUHFLUFXODWLRQPRGH
5LVNRIGHDWK
5LVNRISRLVRQLQJIURPIOXHJDVHVEHLQJGUDZQEDFNLQ:KHQ
LQVWDOOLQJ D YHQWLODWLRQ V\VWHP LQ DQ RSHQIOXHG ERLOHU WKH HOHFWULFLW\
VXSSO\WRWKHYHQWLODWLRQV\VWHPPXVWEHSURYLGHGZLWKDVXLWDEOH
VDIHW\VZLWFK
5LVNRIILUH
*UHDVHGHSRVLWVLQWKHJUHDVHILOWHUPD\FDWFKILUH1HYHUZRUN
ZLWKQDNHGIODPHVFORVHWRWKHDSSOLDQFHHJIODPEpLQJ'RQRW
LQVWDOO WKH DSSOLDQFH QHDU D KHDWSURGXFLQJ DSSOLDQFH IRU VROLG IXHO
HJZRRGRUFRDOXQOHVVDFORVHGQRQUHPRYDEOHFRYHULV
DYDLODEOH7KHUHPXVWEHQRIO\LQJVSDUNV
5LVNRILQMXU\
■ &KDQJHVWRWKHHOHFWULFDORUPHFKDQLFDODVVHPEO\DUH
GDQJHURXVDQGPD\OHDGWRPDOIXQFWLRQV'RQRWPDNHDQ\
FKDQJHVWRWKHHOHFWULFDORUPHFKDQLFDODVVHPEO\
5LVNRILQMXU\
■ 3DUWVWKDWDUHDFFHVVLEOHGXULQJLQVWDOODWLRQPD\KDYHVKDUS
HGJHV:HDUSURWHFWLYHJORYHV
5LVNRILQMXU\
■ 7KHUHLVDULVNRILQMXU\ZKLOHWKHIDQLVURWDWLQJ'RQRWVZLWFK
WKH DSSOLDQFH RQ XQWLO LW KDV EHHQ LQVWDOOHG 1HYHU UHDFK LQWR WKH
DLUH[WUDFWLRQRSHQLQJRQWKHUHDURIWKHDSSOLDQFHZKLOHLWLVLQ
RSHUDWLRQ
'DQJHURIVXIIRFDWLRQ
3DFNDJLQJPDWHULDOLVGDQJHURXVWRFKLOGUHQ1HYHUDOORZFKLOGUHQ
WRSOD\ZLWKSDFNDJLQJPDWHULDO
'RQRWLQVWDOOWKLVDSSOLDQFHRQERDWVRULQYHKLFOHV
+REIODWKRUL]RQWDOVWDEOH)ROORZWKHKREPDQXIDFWXUHUV
LQVWUXFWLRQV
,IWKHWKLFNQHVVRIWKHZRUNWRSLQWRZKLFKWKHKRELVLQVWDOOHGGRHV
QRWFRPSO\ZLWKWKHVSHFLILFDWLRQVUHLQIRUFHWKHZRUNWRSXVLQJD
ILUHDQGZDWHUUHVLVWDQWPDWHULDOXQWLOLWUHDFKHVWKHPLQLPXP
WKLFNQHVV2WKHUZLVHVXIILFLHQWVWDELOLW\FDQQRWEHJXDUDQWHHG
1RWHV
■ 7KHZRUNWRSLQWRZKLFKWKHKRELVLQVWDOOHGVKRXOGEHDEOHWR
ZLWKVWDQGORDGVRIDSSUR[ NJ
■ $GDSWDWLRQVWRWKHZRUNVXUIDFHPXVWEHFDUULHGRXWE\D
VSHFLDOLVWVHUYLFHSURYLGHULQDFFRUGDQFHZLWKWKHLQVWDOODWLRQ
GLDJUDP
*HQHUDOLQIRUPDWLRQ
7KHVXUIDFHVRIWKHDSSOLDQFHDUHHDVLO\GDPDJHG$YRLG
GDPDJLQJWKHPGXULQJLQVWDOODWLRQ
([KDXVWDLUPRGH
1RWH 7KHH[KDXVWDLUPXVWQRWEHFRQYH\HGLQWRDIXQFWLRQLQJ
VPRNHRUH[KDXVWJDVIOXHRULQWRDVKDIWWKDWLVXVHGWRYHQWLODWH
URRPVLQZKLFKKHDWLQJDSSOLDQFHVDUHLQVWDOOHG
,IWKHH[KDXVWDLULVWREHFRQYH\HGLQWRDQRQIXQFWLRQLQJVPRNH
RUH[KDXVWJDVIOXH\RXPXVWREWDLQWKHFRQVHQWRIWKHKHDWLQJ
HQJLQHHUUHVSRQVLEOH
([KDXVWGXFW
1RWH 7KHDSSOLDQFHPDQXIDFWXUHUGRHVQRWSURYLGHDQ\ZDUUDQW\
IRUIDXOWVDWWULEXWDEOHWRWKHSLSHVHFWLRQ
■ 7KH DSSOLDQFH DFKLHYHV LWV RSWLPXP SHUIRUPDQFH E\ PHDQV RI D
VKRUWVWUDLJKWH[KDXVWDLUSLSHDQGDVODUJHDSLSHGLDPHWHUDV
SRVVLEOH
■ $V D UHVXOW RI ORQJ URXJK H[KDXVW DLU SLSHV PDQ\ SLSH EHQGV RU
SLSHGLDPHWHUVWKDWDUHVPDOOHUWKDQĂPPWKHRSWLPXP
H[WUDFWLRQSHUIRUPDQFHLVQRWDFKLHYHGDQGIDQQRLVHLV
LQFUHDVHG
■ 7KH SLSHV RU KRVHV IRU OD\LQJ WKH H[KDXVW DLU OLQH PXVW FRQVLVW RI
QRQFRPEXVWLEOHPDWHULDO
■ ,I WKH H[KDXVW DLU LV FRQYH\HG WKURXJK WKH RXWHU ZDOO D WHOHVFRSLF
ZDOOER[VKRXOGEHXVHG
5LVNRIGDPDJHIURPUHWXUQLQJFRQGHQVDWH,QVWDOOWKHH[KDXVW
GXFW LQ VXFK D ZD\ WKDW LW IDOOV DZD\ IURP WKH DSSOLDQFH VOLJKWO\
VORSH
5RXQGSLSHV
$QLQVLGHGLDPHWHURI PPLVUHFRPPHQGHG
)ODWGXFWV
7KHLQVLGHFURVVVHFWLRQPXVWEHWKHVDPHDVWKHGLDPHWHURIWKH
URXQGSLSHV
GLDĂPPFDĂFP
■ )ODWGXFWVVKRXOGQRWKDYHDQ\VKDUSEHQGV
■ 8VHVHDOLQJVWULSVIRUGLIIHUHQWSLSHGLDPHWHUV
&LUFXODWLQJDLUPRGH
1RWH 7KHDSSOLDQFHPXVWRQO\EHRSHUDWHGZKHQLWLVVHFXUHO\
LQVWDOOHGDQGWKHSLSHZRUNLVFRQQHFWHG
(OHFWULFDOFRQQHFWLRQ
7KHUHTXLUHGFRQQHFWLRQLQIRUPDWLRQLVRQWKHDSSOLDQFHV
LGHQWLILFDWLRQSODWH
7KLVDSSOLDQFHFRPSOLHVZLWKWKH(&LQWHUIHUHQFHVXSSUHVVLRQ
UHJXODWLRQV
2QO\DOLFHQVHGSURIHVVLRQDOPD\FRQQHFWWKHDSSOLDQFH7KH
DSSOLDQFHPXVWEHLQVWDOOHGLQDFFRUGDQFHZLWKWKHPRVWUHFHQW
,((,QVWLWXWHRI(OHFWULFDO(QJLQHHUVJXLGHOLQHV7KHDSSOLDQFH
PD\EHGDPDJHGLILWLVQRWFRQQHFWHGFRUUHFWO\
0DNH VXUH WKDW WKH YROWDJH RI WKH SRZHU VXSSO\ PDWFKHV WKH YDOXH
VSHFLILHGRQWKHUDWLQJSODWH
0DNH VXUH WKDW WKH SRZHU VXSSO\ LV SURSHUO\ HDUWKHG WKDW WKH IXVH
SURWHFWLRQLVVXIILFLHQWDQGWKHFDEOHZLULQJV\VWHPLQWKHEXLOGLQJ
LV VXIILFLHQWO\ GLPHQVLRQHG IRU WKH HOHFWULFDO SRZHU RI WKH DSSOLDQFH
&RPSO\ZLWKWKHIROORZLQJZKHQLQVWDOOLQJWKHSRZHUFDEOH
■ (QVXUHWKDWWKHFDEOHLVQRWSLQFKHGRUFUXVKHG
■ .HHSWKHFDEOHDZD\IURPVKDUSHGJHV
■ (QVXUHWKDWWKHFDEOHLVQRWLQFRQWDFWZLWKWKHPHWDOFDVLQJRQ
WKHXQGHUVLGHRIWKHDSSOLDQFHDVWKLVEHFRPHVKRW
&KHFNWKHKRXVHKROGZLULQJEHIRUHFRQQHFWLQJWKHDSSOLDQFH
(QVXUHWKDWWKHUHLVVXIILFLHQWIXVHSURWHFWLRQIRUWKHKRXVHKROG
ZLULQJ 7KH YROWDJH DQG IUHTXHQF\ RI WKH DSSOLDQFH PXVW PDWFK WKH
HOHFWULFDOZLULQJVHHUDWLQJSODWH
7KHDSSOLDQFHFRUUHVSRQGVWRSURWHFWLRQFODVV,DQGPXVWRQO\EH
RSHUDWHGZLWKDSURWHFWLYHHDUWKFRQQHFWLRQ
,Q WKH SHUPDQHQW HOHFWULFDO ZLULQJ DQ HQHUJ\LVRODWLQJ GHYLFH PXVW
EHSURYLGHGLQWKHSKDVHVLQDFFRUGDQFHZLWKWKHLQVWDOODWLRQ
UHTXLUHPHQWV
2QO\DTXDOLILHGHOHFWULFLDQZKRWDNHVWKHDSSURSULDWHUHJXODWLRQV
LQWRDFFRXQWPD\URXWHRUUHSODFHWKHFRQQHFWLQJFDEOH
,IWKHPDLQVSRZHUFDEOHIRUWKLVDSSOLDQFHLVUHSODFHGWKHQHZ
SRZHUFDEOHPXVWEHDQ+ 99)W\SHFDEOHRUDFDEOHZLWKD
KLJKHUUDWLQJ8VHWKHFXUUHQWORDGWRGHWHUPLQHZKLFKZLUHFURVV
VHFWLRQ\RXUHTXLUH$FURVVVHFWLRQRI PP
LVQRW
SHUPLVVLEOH
:KHQUHSODFLQJWKHSRZHUFDEOHWKHDSSOLDQFHPD\QHHGWREH
WXUQHGRYHU,QWKLVFDVHUHPRYHWKHILOWHUFRYHUDQGWDNHRXWWKH
FRQWDLQHUDQGWKHPHWDOJUHDVHILOWHU'RLQJWKLVZLOOSUHYHQWWKHVH
FRPSRQHQWVIURPIDOOLQJRXW