Escient SE-D1 Star Up Manual

Download Escient SE-D1 PDF Manual (189 pages)

Text of the manual

3$*( )LUH%DOOŒ6('8VHU¶V0DQXDO 7+$1.<28 7KHWHDPDW(VFLHQWZRXOGOLNHWRWDNHWKLVRSSRUWXQLW\WRWKDQN\RX IRUSXUFKDVLQJDQ(VFLHQW)LUH%DOOSURGXFW(VFLHQWLVFRPPLWWHGWR SURYLGLQJRXUFXVWRPHUVWKHPRVWWHFKQRORJLFDOO\DGYDQFHG\HWHDVLHU WKDQHYHUWRXVHSURGXFWVWKDWFRQYHUJHWKHSRZHURIWKH,QWHUQHWZLWK KRPHHQWHUWDLQPHQW 7RPD[LPL]H\RXUHQMR\PHQWSOHDVHWDNHDIHZPLQXWHVWRUHYLHZWKLV 8VHU¶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

3$*( )LUH%DOOŒ6('8VHU¶V0DQXDO ,5&211(&7,216  (7+(51(7&211(&7,216  5(*,675$7,21  7(67,1*$%52$'%$1'&211(&7,21  :$7&+,1*'9'029,(6  %52:6,1*<285029,(/,%5$5<  3/$<,1*7+(&855(17029,(  6(/(&7,1*$',))(5(17029,(  0RYLH,QIR  &+$1*,1*7+(*8,'(9,(:  9LHZ%\7LWOH  9LHZ%\&RYHU  9,(:,1*%<*(15(  /,67(1,1*72086,&  %52:6,1*<285086,&/,%5$5<  6+2:$1'+,'(75$&.6  3/$<,1*7+(&855(177,7/(  6(/(&7,1*$',))(5(17621*  &+$1*,1*7+(*8,'(9,(:  9LHZ%\$UWLVW  9LHZ%\7LWOH  9LHZ%\6RQJ  9LHZ%\&RYHU  &+$1*,1*7+(&855(173/$<02'(  9,(:,1*%<*(15(  /,67(1,1*72,17(51(75$',2  %52:6,1*,17(51(75$',267$7,216  3/$<,1*7+(&855(1767$7,21  0$1$*,1*<2850(',$  &5($7,1*3/$

3$*( )LUH%DOOŒ6('8VHU¶V0DQXDO 029,(5$7,1*6  1(7:25.(7+(51(76(77,1*6  7HVWLQJWKH

3$*( )LUH%DOOŒ6('8VHU¶V0DQXDO 352'8&7,1752'8&7,21 7KDQN\RXIRUSXUFKDVLQJD)LUH%DOO0HGLD0DQDJHPHQWV\VWHPIURP(VFLHQW DGLYLVLRQRI' 0+ROGLQJV  $%2877+,60$18$/ 7KLV)LUH%DOO8VHU¶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

3$*( )LUH%DOOŒ6('8VHU¶V0DQXDO :$51,1*6$1'35(&$87,216 ‡ 'RQRWXVHWKLVDSSDUDWXVQHDUZDWHU ‡ &OHDQRQO\ZLWKDGU\FORWK ‡ 'RQRWEORFNDQ\YHQWLODWLRQRSHQLQJV ‡ 'RQRWLQVWDOOQHDUDQ\KHDWVRXUFHVVXFKDVUDGLDWRUVKHDWUHJLVWHUVVWRYHVRURWKHUDSSDUDWXV LQFOXGLQJDPSOLILHUV WKDWSURGXFHKHDW ‡ 7RUHGXFHWKHULVNRIHOHFWULFVKRFNGRQRWUHPRYHWKHFRYHU1RXVHUVHUYLFHDEOHSDUWVDUH LQVLGH5HIHUVHUYLFLQJWRTXDOLILHGVHUYLFHSHUVRQQHO ‡ 7RSUHYHQWHOHFWULFVKRFNGRQRWXVHDZLUHWRZLUHDGDSWHUSOXJ ‡ $WKUHHSURQJJURXQGHGRXWOHWLVUHTXLUHG ‡

3$*( )LUH%DOOŒ6('8VHU¶V0DQXDO 75$'(0$5.6 6(59,&(0$5.6 (VFLHQWŠWKH(VFLHQWORJRDQG)LUH%DOOŠDUHWUDGHPDUNVRI'LJLWDO1HWZRUNV1RUWK$PHULFD )LUH%DOODQG3K\VLWDODUHWUDGHPDUNVRI(VFLHQWŠ 2WKHUSURGXFWQDPHVPHQWLRQHGKHUHLQDUHXVHGIRULGHQWLILFDWLRQSXUSRVHVRQO\DQGPD\EH WUDGHPDUNVRIWKHLUUHVSHFWLYHFRPSDQLHV 0XVLFUHFRJQLWLRQWHFKQRORJ\DQGUHODWHGGDWDDUHSURYLGHGE\*UDFHQRWHŠ*UDFHQRWHLV WKHLQGXVWU\VWDQGDUGLQPXVLFUHFRJQLWLRQWHFKQRORJ\DQGUHODWHGFRQWHQWGHOLYHU\)RUPRUH LQIRUPDWLRQYLVLWZZZJUDFHQRWHFRP &'DQGPXVLFUHODWHGGDWDIURP*UDFHQRWH,QFFRS\ULJKW‹*UDFHQRWH *UDFHQRWH&''%Š&OLHQW6RIWZDUHFRS\ULJKW*UDFHQRWH7KLVSURGXFWDQGVHUYLFH PD\SUDFWLFHRQHRUPRUHRIWKHIROORZLQJ863DWHQWV DQGRWKHUSDWHQWVLVVXHGRUSHQGLQJ *UDFHQRWHDQG&''%DUHUHJLVWHUHGWUDGHPDUNVRI*UDFHQRWH7KH*UDFHQRWHORJRDQG ORJRW\SHDQGWKH³3RZHUHGE\*UDFHQRWH´ORJRDUHWUDGHPDUNVRI*UDFHQRWH 

3$*( )LUH%DOOŒ6('8VHU¶V0DQXDO :$55$17<,1)250$7,21 7HUPVRI&RYHUDJH(DFK(VFLHQWEUDQGHGPHGLDPDQDJHPHQWV\VWHPVROGFRPHVZLWKDVWDQGDUGRQH  \HDUZDUUDQW\7KLVZDUUDQW\SURYLGHV QRFKDUJHFRYHUDJHXQGHUQRUPDOSURGXFWXVDJHIRUDSHULRGRIRQH\HDUIURPWKHGDWHRIUHJLVWUDWLRQDQGRUSXUFKDVH ZKLFKHYHULVHDUOLHU 7KLV ZDUUDQW\SURJUDPSURYLGHVWKHIROORZLQJNH\IHDWXUHVDQGEHQHILWV ‡ 7ZHOYH  PRQWKVVHUYLFHSDUWVDQGODERU ‡ )LYH  GD\WXUQDURXQGWLPHRQDOOVWDQGDUGLQZDUUDQW\UHSDLUV1RFKDUJHVWRWKHFXVWRPHURWKHUWKDQLQERXQGVKLSSLQJFKDUJHVZKLFKDUH GHWHUPLQHGE\WKHVKLSSLQJPHWKRG$OOUHWXUQVKLSPHQWVZLOOEHYLD6WDQGDUG*URXQG7UDQVSRUWDWLRQ DSSUR[LPDWHO\EXVLQHVVGD\V  ‡ 7ZHOYH  PRQWKVRIUHJXODUKRXUWHOHSKRQHVXSSRUW $0WR30(67 0RQGD\WKURXJK)ULGD\ ‡ KRXUHPDLOUHVSRQVHIURPWKH(VFLHQW6XSSRUW:HEVLWH ‡ 6RIWZDUHPDLQWHQDQFHXSGDWHVSURYLGHGYLDDEURDGEDQGRUGLDOXS,QWHUQHWFRQQHFWLRQV ‡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¶VGLVFUHWLRQWKH&RPSDQ\ZLOOUHSDLURUUHSODFHDQ\V\VWHPVHQW LQIRUUHSDLU8SRQUHSDLUWKHSURGXFWZLOOEHQHZRUOLNHQHZLQFRQGLWLRQDQGZLOOPHHWDOOQHFHVVDU\UHJXODWRU\UHTXLUHPHQWV :KDWLV1RW&RYHUHG(VFLHQWSURGXFWVDUHVROGWKURXJK(VFLHQWDSSURYHGGHDOHUV$QXPEHURILWHPVPXVWUHPDLQLQWDFWLQRUGHUIRU(VFLHQWWR YHULI\DQGYDOLGDWHWKLVZDUUDQW\$GGLWLRQDOO\WKHUHDUHVHYHUDOFRQGLWLRQVZKLFKYLRODWH(VFLHQW¶VZDUUDQW\SURJUDP7KHVHLQFOXGH ‡ 7KHSURGXFWZDVQRWSXUFKDVHGWKURXJKDQDSSURYHG(VFLHQW'HDOHU ‡ $Q\SURGXFWRQZKLFKWKHVHULDOQXPEHUVKDVEHHQGHIDFHGPRGLILHGRUUHPRYHGSK\VLFDOO\RUHOHFWURQLFDOO\ZLOOQRWEHFRYHUHGE\DQ(VFLHQW ZDUUDQW\ ‡ (VFLHQWZLOOQRWFRYHUXQGHUZDUUDQW\GDPDJHWRWKHSURGXFWDVDUHVXOWRIDFFLGHQWPLVXVHDEXVHQHJOHFWILUHZDWHUOLJKWQLQJRURWKHUDFWV RI*RGRUQDWXUHLPSURSHUVWRUDJHXQDXWKRUL]HGPRGLILFDWLRQRUIDLOXUHWRIROORZLQVWUXFWLRQV ‡ $Q\W\SHRIXQDXWKRUL]HGUHSDLURUPRGLILFDWLRQVPDGHWRWKHV\VWHPUHVXOWLQJLQGDPDJHWRWKHSURGXFWZLOOQRWEHFRYHUHGXQGHUWKLVZDUUDQW\ ‡ 'DPDJHFDXVHGWRWKHSURGXFWDVDUHVXOWRILPSURSHUVKLSSLQJRULQVWDOODWLRQ ‡ $Q\SUREOHPVUHODWHGWRWKHXVHRIWKHSURGXFWZKLFKLVQRWDGLUHFWSUREOHPZLWKWKHSURGXFW ‡ 'DPDJHFDXVHGWRWKHSURGXFWDVDUHVXOWRILPSURSHULQVWDOODWLRQWRWKLUGSDUW\SHULSKHUDOVRUSURGXFWVRULQFRUUHFWFRQQHFWLRQWRSHULSKHUDORU SURGXFWV

3$*( )LUH%DOOŒ6('8VHU¶V0DQXDO ‡ $GGLWLRQDOO\(VFLHQWGRHVQRWFRYHUWKHIROORZLQJLWHPVXQGHUWKHWHUPVRULWVZDUUDQW\SURJUDPV ‡ ,QVWDOODWLRQRUUHPRYDOFKDUJHV ‡ &RVWRILQLWLDOWHFKQLFDODGMXVWPHQWV VHWXSFRVWV  ‡ %DWWHU\UHSODFHPHQW (VFLHQW¶VVROHOLDELOLW\IRUDQ\GHIHFWLYHSURGXFWLVOLPLWHGWRWKHUHSDLURUUHSODFHPHQWRIWKHSURGXFWDWRXUGLVFUHWLRQ(VFLHQWVKDOOQRWEHOLDEOH IRUGDPDJHVWRRWKHUSURSHUW\FDXVHGE\GHIHFWVLQWKLVSURGXFWGDPDJHVEDVHGXSRQLQFRQYHQLHQFHORVVRIXVHRIWKHSURGXFWORVVRIWLPHRUGDWD FRPPHUFLDOORVVRUDQ\RWKHUGDPDJHVZKHWKHUUHDOLQFLGHQWDORUFRQVHTXHQWLDO (VFLHQWVKDOOQRWEHOLDEOHIRUGDPDJHRUORVVRIGDWDLQFOXGLQJEXWQRWOLPLWHGWRPXVLFUHFRUGHGWRVWRUDJHGHYLFHV,WLVWKHFXVWRPHU¶VUHVSRQVLELOLW\ WRPDLQWDLQWKHRULJLQDOPHGLDDQGRUDSSURSULDWHEDFNXSFRSLHVZLWKLQWKHVSHFLILFULJKWVRIWKHPHGLD¶VFRS\ULJKWKROGHU +RZWR5HWXUQD3URGXFW&RQWDFW\RXUGHDOHURU(VFLHQW¶V&XVWRPHU6XSSRUWJURXSDW 3OHDVHKDYHWKHIROORZLQJLQIRUPDWLRQUHDG\IRU\RXUGHDOHURU(VFLHQW¶V&XVWRPHU6XSSRUWWHFKQLFLDQ ‡ 3URGXFW6HULDO1XPEHU ‡ 0RGHO1XPEHU ‡ 'DWHRI5HJLVWUDWLRQRU3XUFKDVH ‡ 3ODFHRI3XUFKDVH 8SRQUHYLHZLQJWKHUHTXHVWIRUUHSDLUXQGHUZDUUDQW\SURYLVLRQV(VFLHQW¶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

3$*( )LUH%DOOŒ6('8VHU¶V0DQXDO (6&,(1735,9$&<32/,&< (VFLHQWLVFRPPLWWHGWRSURYLGLQJ\RXZLWKDSURGXFWWKDW\RXHQMR\DQGDUHFRQILGHQWLQXVLQJDQGDUHFRPPLWWHGWRSURYLGLQJVHUYLFHVLQDSULYDWH DQGVHFXUHHQYLURQPHQW :HUHFRJQL]HDQGUHVSHFWHDFKLQGLYLGXDOXVHU¶VSULYDF\DQGKDYHFUHDWHGWKLV3ULYDF\3ROLF\WRGHPRQVWUDWHRXUFRPPLWPHQWWR\RXUSULYDF\ :HZDQW\RXWREHIXOO\LQIRUPHGDERXWWKHLQIRUPDWLRQWKDWZHFROOHFWZK\ZHFROOHFWLWDQGZLWKZKRPZHVKDUHLW ,WLVRXUKRSHWKDWDIWHUUHDGLQJWKLVQRWLFH\RXZLOOXQGHUVWDQGRXUFRPPLWPHQWWRSULYDF\DQGEHFRQILGHQWWKDWZHZLOOXVH\RXULQIRUPDWLRQ UHVSRQVLEO\%\XVLQJWKH(VFLHQW)LUH%DOO\RXDUHDFFHSWLQJWKHSUDFWLFHVGHVFULEHGLQWKLV3ULYDF\3ROLF\ 7KHRSWLRQWRUHDGWKH(VFLHQW3ULYDF\3ROLF\DSSHDUVRQWKH]LSFRGHVFUHHQRIWKH4XLFN6WDUWDXWRPDWLFVHWXSSURFHGXUH,QDGGLWLRQ\RXFDQ DFFHVVWKHVWDWHPHQWDWDQ\WLPHE\SUHVVLQJWKH6(783NH\DQGFKRRVLQJWKH*(1(5$/PHQXDQGWKHQVHOHFWLQJWKH35,9$&<32/,&< RSWLRQ &217$&7,1)250$7,21 (VFLHQWPD\EHFRQWDFWHGE\XVLQJWKHIROORZLQJLQIRUPDWLRQ2QFH\RXKDYHZRUNHGZLWK\RXUORFDO(VFLHQWGHDOHUZHHQFRXUDJH\RXWRFRQWDFWXV LI\RXDUHLQQHHGRIDQ\IXUWKHUDVVLVWDQFH (VFLHQW ,QWHFK%OYG6XLWH ,QGLDQDSROLV,QGLDQD 3KRQH3UHVV³´IRU6DOHVRU³´IRU6XSSRUW )D[ ,QWHUQHWZZZHVFLHQWFRP (PDLOVXSSRUW#HVFLHQWFRP +RXUV0RQGD\)ULGD\DPSP(67 &23<5,*+7 7KLVPDQXDOLVFRS\ULJKW‹E\' 0+ROGLQJVDQG(VFLHQW$OOULJKWVUHVHUYHG

3$*( )LUH%DOOŒ6('8VHU¶V0DQXDO 7(506$1''(),1,7,216 )ROORZLQJDUHWHUPVXVHGWKURXJKRXWWKLVPDQXDO ‡ %XWWRQUHIHUVWRDJUDSKLFLWHPRQWKHGLVSOD\VFUHHQ ‡ *URXSDFROOHFWLRQRIVLPLODUPXVLFWLWOHV6WDQGDUGJHQUHJURXSVDUHSURYLGHGDQGFXVWRPJURXSVFDQEHFUHDWHGE\WKHXVHU ‡ +LJKOLJKWKLJKOLJKWLQJLVXVHGWRLQGLFDWHWKHXVHU¶VVHOHFWLRQRQVFUHHQ:KHQWKHVHOHFWLRQPRYHVXSGRZQOHIWRUULJKWWKHKLJKOLJKW PRYHVWRWKHQH[WQHDUHVWLWHP1RDFWLRQLVWDNHQ H[FHSWWKDWPRUHLQIRUPDWLRQPD\EHGLVSOD\HGRQWKHVFUHHQ XQWLOWKH6HOHFWNH\LVSUHVVHG ‡ ,QIR7H[W$UHDWKHSRUWLRQRIWKHJXLGHVFUHHQXVHGWRGLVSOD\LQIRUPDWLRQDERXWWKHKLJKOLJKWHGWLWOH ‡ 3OD\OLVWDFROOHFWLRQRIRQHRUPRUHPXVLFWUDFNVRUVRQJV ‡ 7LWOHDFROOHFWLRQRIPXVLFWUDFNVFRPPRQO\UHIHUUHGWRDVD&'$OEXPRU3OD\OLVW ‡ .H\UHIHUVWRRQHRIWKHEXWWRQVRQ\RXUUHPRWHRUNH\ERDUG ‡ 03DFRPSUHVVHGGLJLWDODXGLRIRUPDW03ILOHVDUHVPDOOHUWKDQWKHRULJLQDO&'WUDFNVDQGVRXQGDOPRVWLGHQWLFDO ‡ )/$&DORVVOHVVFRPSUHVVHGGLJLWDODXGLRIRUPDW)/$&ILOHVDUHVPDOOHUWKDQWKHRULJLQDO&'WUDFNVDQGDUHELWIRUELWGXSOLFDWHVRIWKH RULJLQDO ‡ :0$DGLJLWDODXGLRIRUPDWIURP0LFURVRIWZKLFKVWDQGVIRU:LQGRZV0HGLD$XGLR ‡ *XLGHDJULGRUOLVWRILQIRUPDWLRQXVHGWREURZVH\RXUPHGLDOLEUDU\ ‡ 3OD\HUWKHVFUHHQXVHGWRGLVSOD\WKHFXUUHQWO\SOD\LQJPHGLD 

3$*( )LUH%DOOŒ6('8VHU¶V0DQXDO 6(783 7KLVPDQXDODVVXPHVWKDW\RXIROORZHGWKHSULQWHG³4XLFN6HWXS*XLGH´WKDWFDPHZLWK\RXU)LUH%DOO,I\RXKDYHQRWSURSHUO\FRQQHFWHG\RXU )LUH%DOOWR\RXUDXGLRYLGHRV\VWHPSOHDVHJREDFNDQGIROORZWKH³4XLFN6HWXS*XLGH´JXLGHEHIRUHFRQWLQXLQJZLWKWKLV8VHU0DQXDO 32:(567$7(6 $IWHUWKH)LUH%DOOXQLWLVSOXJJHGLQWKH6WDQGE\/('ORFDWHGQH[WWRWKHSRZHUEXWWRQZLOOIODVKUHGXQWLOWKHVWDUWXSSURFHVVLVFRPSOHWH 3OHDVHZDLW7KLVPD\WDNHVHYHUDOPLQXWHV :KHQWKH6WDQGE\/('LVVROLG5('WKH)LUH%DOOLVQRZLQDVWDQGE\RU³VOHHS´PRGH7KHUHLVQRYLGHRRXWSXWZKHQ)LUH%DOOLVLQVWDQGE\PRGH 3UHVVWKH3RZHUEXWWRQ RQWKHIURQWSDQHORURQWKHUHPRWH RQFHDQGWKHYLGHRRXWSXWLVGLVSOD\HGRQ\RXU797KHXQLWLVQRZ21DQGWKH/('ZLOO EHVROLGEOXH 7RFKDQJHIURPWKH21PRGHEDFNWRWKHVWDQGE\RU³VOHHS´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

3$*( )LUH%DOOŒ6('8VHU¶V0DQXDO )52173$1(/29(59,(:    32:(5    32:(5   $1$/2*$8',2287    ,5,1    9,'(2287    ,5287   9,'(2,1    ',*,7$/$8',2237,&$/287 &20081,&$7,2132576    ',*,7$/$8',2237,&$/,1 (7+(51(7    $1$/2*$8',2,1                 

3$*( )LUH%DOOŒ6('8VHU¶V0DQXDO 5(027(29(59,(: &2'(6(7 81,9(56$/6285&(6(/(&7 02'(*8,'(6(/(&7 75$163257&21752/6 *8,'( ,1)2 92/80(&21752/ .(<3$' &21752/ 32:(5 ),5(%$//6(/(&7 $//121( 1$9,*$7,21 6(/(&7 9,(:0(18 &21752/ &+$11(/3$*(&21752/ 0$&52)81&7,21 ',6&3/$<)81&7,216 086,&3/$<)81&7,216 086,&)$925,7(6

3$*( )LUH%DOOŒ6('8VHU¶V0DQXDO (17(5,1*7(;7:,7+7+(5(027(&21752/ 7KHUHPRWHFRQWUROFDQEHXVHGWRHQWHUWH[WLQDOOWH[WILHOGV7KLVWH[WHQWU\FDSDELOLW\LVSURYLGHG WRDOORZ\RXWRILOORXWVKRUWWH[WILHOGV±VXFKDVWKRVHWKDWRFFXULQWKHVHWXSDQGHGLWVFUHHQV )LUH%DOO¶VZLUHOHVVNH\ERDUGVKRXOGEHXVHGZKHQH[WHQGHGW\SLQJLVUHTXLUHG (QWHULQJ1XPHULF(QWU\0RGH ,QILHOGVZKHUH)LUH%DOOH[SHFWVRQO\QXPHULFFKDUDFWHUVWREHHQWHUHG VXFKDVSKRQHQXPEHU ILHOGV DQLQGLFDWRUZLOODSSHDURQWKHVFUHHQWKDWGLVSOD\VWKHOHWWHUV³´LQGLFDWLQJWKDWRQO\ QXPEHUVFDQEHHQWHUHG 7\SLQJ&KDUDFWHUVZLWKWKH5HPRWH 7KHUHPRWHFRQWUROEDVHGWH[WHQWU\FDSDELOLW\LVVLPLODUWRWKDWSURYLGHGRQVWDQGDUGWHOHSKRQHVDQG FHOOSKRQHV(DFKQXPHULFNH\KDVFKDUDFWHUVDVVRFLDWHGZLWKLWWKDWFDQEHDFFHVVHGE\SUHVVLQJ WKHNH\RQHRUPRUHWLPHV

3$*( )LUH%DOOŒ6('8VHU¶V0DQXDO GLVSOD\D³&´7KHIRXUWKNH\SUHVVGLVSOD\VDORZHUFDVH³D´WKHILIWKNH\SUHVVGLVSOD\VDORZHUFDVH³E´DQGWKHVL[WKNH\SUHVVGLVSOD\VDORZHU FDVH³F´/DVWO\SUHVVLQJWKH³´NH\DVHYHQWKWLPHGLVSOD\VWKHQXPEHU³´ :KHQHQWHULQJWKHVHFRQGFKDUDFWHULQDWH[WILHOGRUWKHVHFRQGFKDUDFWHUIROORZLQJDVSDFH)LUH%DOODVVXPHVWKDWORZHUFDVHLVSUHIHUUHGDQGWKH FKDUDFWHUHQWU\F\FOHVLQWKHIROORZLQJSDWWHUQ±ORZHUFDVHXSSHUFDVHDQGQXPHULF 7KHIROORZLQJWH[WHQWU\WDEOHGHVFULEHVWKHVHTXHQFHRIFKDUDFWHUVWKDWDSSHDUZKHQVSHFLILFNH\VDUHSUHVVHGRQWKH UHPRWH .H\ $OSKD0RGH VWFKDUDFWHURUVWFKDUDFWHUDIWHUD VSDFH $OSKD0RGHQG FKDUDFWHURUQG FKDUDFWHUDIWHUD VSDFH  "µ a "µ a  $%&DEF DEF$%&  '()GHI GHI'()  *+,JKL JKL*+,  -./MNO MNO-./  012PQR PQR012  3456STUV STUV3456  789WXY WXY789 :;<=Z[\] Z[\]:;<=  #B >@   #B >@  

3$*( )LUH%DOOŒ6('8VHU¶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³56&´SRUWRQWKHEDFNRI\RXUFKDQJHU /RFDWHWKHVWHUHR5&$DXGLRSDWFKFDEOHWKDWFDPHZLWK\RXUFKDQJHU &RQQHFWRQHHQGRIWKH5&$DXGLRFDEOHLQWRWKH$QDORJ,QMDFNVQXPEHURQWKHEDFNRI\RXU)LUH%DOO &RQQHFWWKHRWKHUHQGRIWKH5&$DXGLRFDEOHLQWRWKH$QDORJ/LQH2XWMDFNVRQWKHEDFNRI\RXUFKDQJHU ‡ )RUWKHEHVWDXGLRTXDOLW\\RXVKRXOGDOVRFRQQHFWGLJLWDORSWLFDORUFRD[DXGLRFDEOHV QRWLQFOXGHG EHWZHHQ\RXUFKDQJHUVDQG)LUH%DOO ‡ )RUWKHEHVWYLGHRTXDOLW\\RXVKRXOGDOVRFRQQQHFWFRPSRQHQWYLGHRFDEOHV QRWLQFOXGHG EHWZHHQ\RXUFKDQJHUVDQG)LUH%DOO 1RWH&RQWURO&DEOH3LQ 2XWVDQG5HTXLUHPHQWV )LUH%DOOXVHVDVWDQGDUG QXOOPRGHPFDEOHWR FRQQHFWEHWZHHQLW¶V 56&20SRUWVDQG H[WHUQDOFKDQJHUVDQG FRQWUROV\VWHPV&DEOHV PXVWEHIHHWRUOHVVLQ OHQJWK

3$*( )LUH%DOOŒ6('8VHU¶V0DQXDO /2$',1*'9'029,(',6&6,172&+$1*(56 ,QVHUW'9'VLQWR\RXUFKDQJHUVIROORZLQJWKHFKDQJHUPDQXIDFWXUHU¶VLQVWUXFWLRQVDQGFORVHWKHFKDQJHUGRRU4XLFN/RRNXSZLOODXWRPDWLFDOO\VWDUW LQDIHZVHFRQGV,IWKH4XLFN/RRNXSSURFHVVGRHVQRWDXWRPDWLFDOO\VWDUWWKHQPDQXDOO\VWDUWWKH/RRNXSXVLQJWKHVWHSVGHVFULEHGEHORZ 7KHGLVFLQIRUPDWLRQWKDW)LUH%DOOGLVSOD\VRQ\RXU79VFUHHQLV127LQFOXGHGRQWKHRULJLQDO&'VWKDW\RXUHFRUGHGRU&'V'9'VORDGHGLQWR\RXU FKDQJHUV7KHDUWLVWQDPHDOEXPQDPHDQGWUDFNOLVWDUHSURYLGHGE\WKH*UDFHQRWHŠ0XVLF5HFRJQLWLRQ6HUYLFH7KHDOEXPFRYHUPRYLHWLWOH PRYLHLQIRDQGPRYLHFRYHUDUWDUHSURYLGHGE\WKH(VFLHQWVHUYLFH7KLVLQIRUPDWLRQLVGRZQORDGHGIURPWKH(VFLHQWVVHUYHUVWR\RXU)LUH%DOOXVLQJ \RXU,QWHUQHWFRQQHFWLRQ7KLVSURFHVVLVUHIHUUHGWRDV³/RRNLQJXS'LVF,QIRUPDWLRQ´

3$*( )LUH%DOOŒ6('8VHU¶V0DQXDO $XWRPDWLFDOO\*HWWLQJ'LVF,QIRUPDWLRQ 2QFH\RXUFKDQJHUVDUHFRQQHFWHGWR)LUH%DOODQGORDGHGZLWK&'V'9'VDOO\RXKDYHWRGRLV FORVHWKHFKDQJHUGRRUDQGLQDIHZVHFRQGV)LUH%DOOZLOOEHJLQORRNLQJXSWKHGLVFLQIRUPDWLRQ IURPHDFKGLVFLQHDFKFKDQJHU 4XLFN/RRNXSFKHFNVHDFKSUHYLRXVO\HPSW\VORWLQWKHFKDQJHUVWRVHHLIDQ\QHZGLVFVZHUH DGGHGDQGWKHQFKHFNVHDFKSUHYLRXVO\RFFXSLHGVORWLQWKHFKDQJHUWRVHHLIDQ\GLVFVZHUH UHPRYHG 2QHE\RQHWKH7DEOHRI&RQWHQWVLVUHDGIURPHDFK&''9'DQGFRPSDUHGWRWKHORFDOPXVLF GDWDEDVH(VFLHQW¶V0RYLH'%ŒVHUYLFHRU*UDFHQRWH&''%ŠXVLQJ\RXU,QWHUQHWFRQQHFWLRQ DV)LUH%DOOEXLOGV\RXU0XVLF0RYLHV/LEUDU\$VHDFKGLVFLVDFFHVVHGDQGORRNHGXSWKH4XLFN /RRNXSVFUHHQLVXSGDWHGWRGLVSOD\WKHGLVF¶VLQIRUPDWLRQDQGFRYHUDUW:KHQDOORIWKHGLVFVDUH ORRNHGXSWKH*XLGHVFUHHQZLOOEHGLVSOD\HG

3$*( )LUH%DOOŒ6('8VHU¶V0DQXDO *HWWLQJ'LVF,QIRUPDWLRQIRUD5DQJHRI'LVFV ,I\RXZDQWWRORRNXSWKHGLVFLQIRUPDWLRQIRUDVSHFLILFUDQJHRIVORWVLQDFKDQJHU\RXFDQXVHWKH /RRNXS5DQJHIHDWXUH )ROORZWKHVHVWHSVWRORRNXSDUDQJHRIFKDQJHUVORWV 3UHVVWKH6(783NH\RQWKHUHPRWHWRGLVSOD\WKH6HWXSPHQX 6HOHFWWKH&+$1*(50$1$*(0(17PHQX 6HOHFWWKH/22.835$1*(PHQX (QWHUDYDOLGUDQJHRIVORWVWRORRNXS,I\RXKDYHPRUHWKDQFKDQJHUVHOHFW ZKLFKFKDQJHU\RXZDQWWRXVH 6HOHFWWKH&217,18(EXWWRQ 7KH/RRNXS5DQJHVFUHHQGLVSOD\VWKHSURJUHVVDQGUHVXOWVIRUHDFKGLVFLQ WKHVHOHFWHGUDQJH

3$*( )LUH%DOOŒ6('8VHU¶V0DQXDO *HWWLQJ'LVF,QIRUPDWLRQIRU$OO'LVFV ,I\RXZDQWWRORRNXSWKHGLVFLQIRUPDWLRQIRUDOOGLVFV\RXFDQXVHWKH/RRNXS$OOIHDWXUH )ROORZWKHVHVWHSVWRORRNXSDOOGLVFVLQDOOFKDQJHUV 3UHVVWKH6(783NH\RQWKHUHPRWHWRGLVSOD\WKH6HWXSPHQX 6HOHFWWKH&+$1*(50$1$*(0(17PHQX 6HOHFWWKH/22.83$//PHQX 7KH/RRNXS$OOVFUHHQGLVSOD\VWKHSURJUHVVDQGUHVXOWVDVHDFKGLVFLVORRNHG XS

3$*( )LUH%DOOŒ6('8VHU¶V0DQXDO $'',7,21$/&211(&7,21$1'+22.83,1)250$7,21 $8',22873876 7KHRSWLFDODQGDQDORJDXGLRRXWSXWVDUHDOO DFWLYHZKHQSOD\LQJPHGLDIURPWKHLQWHUQDOKDUG GULYHRU,QWHUQHW5DGLR%RWKGLJLWDODQGDQDORJ FRQQHFWLRQVPXVWEHPDGHIURPWKHFKDQJHUWRWKH )LUH%DOOIRUWKH)LUH%DOOWRRXWSXWERWKGLJLWDODQG DQDORJRXWSXWV 7KLVWDEOHVKRZVZKLFKDXGLRRXWSXWVDUHDFWLYHIRUHDFKW\SHRIDXGLRVRXUFH $XGLR6RXUFH $QDORJ2XW 'LJLWDO2SWLFDO 2XW 'LJLWDO&RD[2XW &KDQJHU$QDORJ <(6 &KDQJHU2SWLFDO <(6 <(6 &KDQJHU&RD[ <(6 <(6 ,QWHUQHW5DGLR <(6 <(6 <(6 )RUH[DPSOHFRQQHFWLQJRQO\WKHDQDORJDXGLRRXWSXWVRIWKHFKDQJHUWRWKH)LUH%DOOZLOOQRWSURYLGHGLJLWDODXGLRRQWKHGLJLWDORXWSXWV RIWKH)LUH%DOO

3$*( )LUH%DOOŒ6('8VHU¶V0DQXDO 9,'(22873876 )LUH%DOOKDVVHYHUDOYLGHRRXWSXWIRUPDWVDQGFRQQHFWRUVLQFOXGLQJ ‡ 69LGHR ‡ &RPSRVLWH9LGHR ‡ &RPSRQHQW9LGHR LLQWHUODFHGVWDQGDUGGHILQLWLRQ $OOYLGHRRXWSXWVDUHDFWLYHDWWKHVDPHWLPHVR\RXFDQXVHDVPDQ\DV\RXOLNHZLWKRXWFDXVLQJVLJQDOGHJUDGDWLRQ 7KH&RPSRQHQW9LGHRRXWSXWZLOOSURYLGHWKHEHVWSRVVLEOHYLGHRTXDOLW\IRUWKH)LUH%DOO8VHU,QWHUIDFHEXWZLOOUHTXLUHWKDW\RXUYLGHRV\VWHPKDV DQDYDLODEOHFRPSRQHQWLQSXW

3$*( )LUH%DOOŒ6('8VHU¶V0DQXDO 56&211(&7,216 7KH6RQ\GLVFFKDQJHULVFRQWUROOHGYLDWZRZD\VHULDOSURWRFROVXVLQJDQ56VHULDOFDEOH&RQQHFWWKH6RQ\FKDQJHUWR&20SRUW³&KDQJHU´ &20SRUW³$X[LOLDU\´LVUHVHUYHGIRUIXWXUHXVH ,5&211(&7,216 7KHGLUHFW,5LQSXWMDFNRQWKHEDFNSDQHORIWKH)LUH%DOOLVIRUFRQWUROOLQJ)LUH%DOOIURPDZLUHG,5GLVWULEXWLRQV\VWHPVXFKDVD;DQWHFKV\VWHP 7KLVFRQQHFWLRQPXVWEHDQ,5VLJQDOZLWKDN+]FDUULHUXVLQJDQ´PRQRRUVWHUHRFRQQHFWRU 7KH,5LQSXWMDFNSURYLGHV9SRZHU7KLVPHDQVWKDW\RXFDQGLUHFWO\FRQQHFWD9,5UHFHLYHU OLNHWKH;DQWHFKVHULHVXQLWV WRWKH)LUH%DOO XVLQJD´VWHUHRFRQQHFWRU (7+(51(7&211(&7,216 7KH(WKHUQHWMDFNRQWKHEDFNSDQHORIWKH)LUH%DOODFFHSWVDQ\VWDQGDUGWZLVWHGSDLU&$7(WKHUQHWFDEOH,I\RXDUHFRQQHFWLQJ)LUH%DOOWRDKRPH QHWZRUN\RXW\SLFDOO\FRQQHFWDVWDQGDUG(WKHUQHWFDEOHIURP\RXU(WKHUQHW URXWHURUKXEWRWKH)LUH%DOO 7KHUHDUHGLIIHUHQWJUDGHVRUFDWHJRULHVRIWZLVWHGSDLUFDEOLQJ&DWHJRU\ LVWKHPRVWUHOLDEOHDQGZLGHO\FRPSDWLEOHDQGLVKLJKO\UHFRPPHQGHG,WUXQV HDVLO\ZLWK0ESVQHWZRUNVDQGLVUHTXLUHGIRU0ESVQHWZRUNV

3$*( )LUH%DOOŒ6('8VHU¶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

3$*( )LUH%DOOŒ6('8VHU¶V0DQXDO 5(*,675$7,21 5HJLVWHULQJ\RXU)LUH%DOOLVDFFRPSOLVKHGDXWRPDWLFDOO\ZKHQ\RXJRWKURXJKWKH4XLFN6WDUW SURFHVVGHVFULEHGLQWKH8VHU¶V0DQXDO5HJLVWUDWLRQLQFOXGHVSURSHUO\FRQILJXULQJ\RXU)LUH%DOO IRU,QWHUQHWDFFHVVDQGWKHQFRQQHFWLQJWRWKH(VFLHQWVHUYHUVWRUHJLVWHU\RXUVHULDOQXPEHUDQG GRZQORDGWKHODWHVW,QWHUQHW5DGLRVWDWLRQV ,I\RXH[SHULHQFHGLIILFXOW\FRPSOHWLQJWKHUHJLVWUDWLRQSURFHVVLQ4XLFN6WDUWIROORZWKHVH JXLGHOLQHVWRPDNHVXUH\RXKDYHDOORIWKHUHTXLUHGLQIRUPDWLRQDQGWKDW\RXFDQPDNHWKHSURSHU FRQQHFWLRQWR\RXU,QWHUQHW6HUYLFH3URYLGHUDQGWKH(VFLHQW6HUYHUV 7(67,1*$%52$'%$1'&211(&7,21 &KHFNWKH(WKHUQHW1HWZRUN/LQN7KHJUHHQ/('QH[WWRWKH)LUH%DOO¶VEDFN SDQHO(WKHUQHWMDFNVKRXOGEHRQZKHQSURSHUO\FRQQHFWHGWRDQ(WKHUQHW QHWZRUN )URPWKH(WKHUQHW&RQQHFWLRQ4XLFN6WDUWVFUHHQVHOHFWWKH³SHUIRUPWHVW´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

3$*( )LUH%DOOŒ6('8VHU¶V0DQXDO :$7&+,1*'9'029,(6 %52:6,1*<285029,(/,%5$5< 1RZWKDW\RXKDYH\RXU'9'PRYLHVORDGHGLQWR\RXU FKDQJHUVDQGWKHPRYLHLQIRUPDWLRQKDVEHHQDFTXLUHG IURPWKH(VFLHQW0RYLH'%XVLQJWKH4XLFN/RRNXS IHDWXUHLW¶VWLPHWRVHHZKDW¶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

3$*( )LUH%DOOŒ6('8VHU¶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‡ 9LHZ%\7LWOH ‡ 9LHZ%\&RYHU 9LHZ%\7LWOH 9LHZ%\7LWOHZLOORUGHUWKHOLVWRI'9'7LWOHVDOSKDEHWLFDOO\IURP$WR=DFFRUGLQJWRWKH0RYLH 7LWOH 9LHZ%\&RYHU 9LHZ%\&RYHUGLVSOD\VDJUDSKLFDO[JULGRI'9'FRYHUDUWVRUWHGDOSKDEHWLFDOO\IURP$WR= DFFRUGLQJWRWKH0RYLH7LWOH

3$*( )LUH%DOOŒ6('8VHU¶V0DQXDO 9,(:,1*%<*(15( ,QDGGLWLRQWRWKHFXUUHQW*XLGH9LHZWKH0RYLHV*XLGHDXWRPDWLFDOO\RUJDQL]HV\RXU'9'VLQWRGHIDXOW³*HQUHV´DOVRFDOOHG³*URXSV´7KH*URXS %DUGLVSOD\VDKRUL]RQWDOVFUROOLQJOLVWRI*HQUHVFRUUHVSRQGLQJWRWKHPRYLHVLQ\RXUOLEUDU\)LYH*HQUHVRU*URXSVDUHYLVLEOHDWRQHWLPH7KH ³$OO´JHQUHLVWKHGHIDXOWZKLFKGLVSOD\VDOO7LWOHVLQ\RXU0RYLH/LEUDU\

3$*( )LUH%DOOŒ6('8VHU¶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¶V7UDFNV 3UHVVWKH6(/(&7NH\DJDLQ ZKHQD7LWOHLVKLJKOLJKWHG WRFROODSVHWKH FXUUHQW7LWOHDQGKLGHWKHWUDFNQDPHV

3$*( )LUH%DOOŒ6('8VHU¶V0DQXDO 3/$<,1*7+(&855(177,7/( 3OD\LQJWKHFXUUHQWO\KLJKOLJKWHG7LWOHLVWKHVDPHDV SOD\LQJD&'LQDFRQYHQWLRQDO&'SOD\HU6LPSO\ SUHVVWKH3/$<NH\RQWKHUHPRWHFRQWURODQGLW EHJLQVWRSOD\IURPWUDFN 1RWH,I\RXSUHVV6(/(&7ZLWKD7UDFN KLJKOLJKWHG\RXZLOOVWDUWSOD\EDFNIURPWKH VHOHFWHG7UDFN

3$*( )LUH%DOOŒ6('8VHU¶V0DQXDO &+$1*,1*7+(*8,'(9,(: 7KH*8,'(EXWWRQRQWKHUHPRWHFRQWUROLVXVHGWRVZLWFKEHWZHHQWKH 0XVLF*XLGHDQG0XVLF3OD\HUVFUHHQV:KHQ\RXDUHYLHZLQJWKH0XVLF 3OD\HUVFUHHQSUHVVWKH*8,'(EXWWRQWRUHWXUQWRWKH0XVLF*XLGH 7KH0XVLF*XLGHSURYLGHV\RXZLWKVHYHUDOZD\VWRYLHZWKHFRQWHQWV RI\RXU0XVLF/LEUDU\2QHRIWKHHDVLHVWZD\VWREURZVHDQGVRUW\RXU 0XVLF/LEUDU\LVE\XVLQJWKH0XVLF³9LHZV´7KHUHDUHIRXU9LHZVWKDW \RXFDQVZLWFKEHWZHHQXVLQJWKH³0(189,(:´NH\RQWKHUHPRWH FRQWURO ‡ 9LHZ%\$UWLVW ‡ 9LHZ%\7LWOH ‡ 9LHZ%\6RQJ ‡ 9LHZ%\&RYHU 9LHZ%\$UWLVW 9LHZ%\$UWLVWLVWKHGHIDXOW9LHZDQGGLVSOD\V\RXU0XVLF/LEUDU\ DOSKDEHWLFDOO\IURP$WR=XVLQJDFFRUGLQJWRWKH$UWLVW1DPHWKHQWKH $OEXP1DPH 9LHZ%\7LWOH 9LHZ%\7LWOHZLOORUGHUWKHOLVWRI7LWOHVDOSKDEHWLFDOO\IURP$WR= DFFRUGLQJWRWKH$OEXP1DPHWKHQWKH$UWLVW1DPH 9LHZ%\6RQJ 9LHZ%\6RQJZLOORUGHUWKHOLVWRI7LWOHVDOSKDEHWLFDOO\IURP$WR= DFFRUGLQJWRWKH6RQJ1DPH 9LHZ%\&RYHU 9LHZ%\&RYHUGLVSOD\VDJUDSKLFDO[JULGRIDOEXPFRYHUDUWVRUWHG DOSKDEHWLFDOO\IURP$WR=DFFRUGLQJWRWKH$UWLVW1DPHWKHQ$OEXP 1DPH

3$*( )LUH%DOOŒ6('8VHU¶V0DQXDO &+$1*,1*7+(&855(173/$<02'( 7KHGHIDXOW3OD\0RGHZLOOSOD\WKHFXUUHQW7LWOHIURP7UDFNWRWKHODVWWUDFNLQRUGHUWKHQVWRS,I \RXZDQWWRFKDQJHWKHRUGHURIKRZWUDFNVDUHSOD\HGWKHUHDUHVL[GLIIHUHQW3OD\0RGHVWRFKRRVH IURP ‡ 1RUPDOSOD\HDFKWUDFNLQRUGHULQWKHFXUUHQW7LWOHWKHQVWRS ‡ 5HSHDW7UDFNUHSHDWWKHVDPHWUDFNRYHUDQGRYHUXQWLO\RXSUHVVVWRS ‡ 5HSHDW7LWOHSOD\HDFKWUDFNLQWKHFXUUHQW7LWOHLQRUGHUWKHQUHSHDWWKHHQWLUHGLVFXQWLO \RXSUHVVVWRS ‡ 5HSHDW*URXSSOD\HDFKWUDFNLQHDFKWLWOHLQWKHFXUUHQWJURXSDQGWKHQUHSHDWWKHPXQWLO \RXSUHVVVWRS ‡ 5DQGRP7LWOHUDQGRPO\VHOHFWDQGSOD\DWUDFNIURPZLWKLQWKHFXUUHQWWLWOH&RQWLQXHXQWLO \RXSUHVVVWRSRUHYHU\WUDFNLQWKHFXUUHQWWLWOHLVSOD\HG ‡ 5DQGRP*URXSUDQGRPO\VHOHFWDQGSOD\DWUDFNIURPDQ\WLWOHLQWKHFXUUHQWJURXS &RQWLQXHXQWLO\RXSUHVVVWRSRUHYHU\WUDFNLQWKHFXUUHQWJURXSLVSOD\HG 7RFKDQJHWKHFXUUHQW3OD\0RGHSUHVVWKH02'(NH\RQWKHUHPRWHFRQWURO(DFKSUHVVRI WKH02'(NH\ZLOOVZLWFKWRWKHQH[W3OD\0RGH6WRSSUHVVLQJWKH02'(NH\ZKHQ\RXVHH WKHGHVLUHG3OD\0RGHDSSHDURQWKHVFUHHQ

3$*( )LUH%DOOŒ6('8VHU¶V0DQXDO 9,(:,1*%<*(15( ,QDGGLWLRQWRWKHFXUUHQW*XLGH9LHZWKH0XVLF*XLGHDXWRPDWLFDOO\RUJDQL]HV\RXU0XVLFLQWRGHIDXOW³*HQUHV´DOVRFDOOHG³*URXSV´7KH*URXS %DUGLVSOD\VDKRUL]RQWDOVFUROOLQJOLVWRI*HQUHVFRUUHVSRQGLQJWRWKHPXVLFLQ\RXUOLEUDU\)LYH*HQUHVRU*URXSVDUHYLVLEOHDWRQHWLPH7KH³$OO´ JHQUHLVWKHGHIDXOWZKLFKGLVSOD\VDOO7LWOHVLQ\RXU0XVLF/LEUDU\ 8VLQJWKH/()7DQG5,*+7DUURZNH\VRQWKHUHPRWH\RXFDQVHOHFWDGLIIHUHQW*HQUH1RWLFHWKDWWKHOLVWRI7LWOHVXSGDWHVWRVKRZRQO\7LWOHVLQ WKHVHOHFWHG*HQUH ‡ 6FUROODOOWKHZD\WRWKHOHIWWRUHWXUQWRWKH$OO*HQUH ‡ *HQUHOLVWZLOOVFUROOWRWKHULJKWWRUHYHDOPRUH*HQUHV ‡ 5HIHUWRWKHVHFWLRQ³0DQDJLQJ

3$*( )LUH%DOOŒ6('8VHU¶V0DQXDO /,67(1,1*72,17(51(75$',2 %52:6,1*,17(51(75$',267$7,216 7KH5DGLR*XLGHGLVSOD\VDVFUROOLQJOLVWRI,QWHUQHW 5DGLR6WDWLRQV8VLQJWKHUHPRWHFRQWURO\RXFDQ QDYLJDWHXSDQGGRZQWKHOLVW$VHDFK6WDWLRQLV KLJKOLJKWHG\RXZLOOQRWLFHWKDWWKH,QIRUPDWLRQ $UHDDQG&RYHU$UWFKDQJHVWRUHIOHFWWKHFXUUHQWO\ KLJKOLJKWHG6WDWLRQ ‡ 3UHVVWKHL5$',2NH\RQWKHUHPRWHFRQWUROWR GLVSOD\WKH5DGLR*XLGH ‡ 3UHVVWKH086,&NH\WRUHWXUQWRWKH0XVLF *XLGH 1RWH,QWHUQHW5DGLRLVRQO\DYDLODEOHLI\RXKDYHD %URDGEDQG,QWHUQHWFRQQHFWLRQ

3$*( )LUH%DOOŒ6('8VHU¶V0DQXDO 3/$<,1*7+(&855(1767$7,21 3OD\LQJWKHFXUUHQWO\KLJKOLJKWHG5DGLR6WDWLRQLVWKH VDPHDVVHOHFWLQJDQGSOD\LQJDQRIIDLUUDGLRVWDWLRQRQ DW\SLFDODXGLRUHFHLYHU6LPSO\SUHVVWKH6(/(&7 NH\RQWKHUHPRWHFRQWURODQGWKHFXUUHQWO\KLJKOLJKWHG VWDWLRQZLOOEHORFDWHGEXIIHUHGDQGWKHQSOD\HG

3$*( )LUH%DOOŒ6('8VHU¶V0DQXDO 0$1$*,1*<2850(',$ &5($7,1*3/$

3$*( )LUH%DOOŒ6('8VHU¶V0DQXDO &5($7,1**52836 ,QDGGLWLRQWR3OD\OLVWV)LUH%DOODOORZV\RXWRFUHDWHFXVWRP³*URXSV´RI0RYLHV0XVLF7LWOHVRU 5DGLR6WDWLRQV8VHUFUHDWHG*URXSVDSSHDULQWKH*URXS%DUDORQJZLWKWKHDXWRPDWLFDOO\FUHDWHG *HQUH*URXSVDQG6\VWHP*URXSV $OO&'V,QWHUQDODQG3OD\OLVWV 6RPHXVHVIRUFXVWRP*URXS DUH ‡ *URXSVLPLODUPRYLHVWRJHWKHU ‡ &UHDWHFXVWRPJURXSVRI\RXUIDYRULWHPRYLHV ‡ 2UJDQL]HPXVLFWLWOHVRUUDGLRVWDWLRQVLQWRFXVWRPJHQUHVOLNH³)XQN´¶V³+LWV¶HWF« ‡ *URXSDOORIWKHDOEXPVIRUDIDYRULWHDUWLVWVWRJHWKHUIRUTXLFNDFFHVV ‡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‡ :KHQ\RXDUHILQLVKHGFUHDWLQJ\RXU*URXSWKH*XLGHLVGLVSOD\HGKLJKOLJKWLQJWKHQHZO\ FUHDWHG*URXS ‡ 1RWLFHWKDWDFXVWRP*URXSLVDGGHGWRWKH*URXS%DUDORQJZLWKWKH6\VWHP*URXSV ‡ 7KHFXVWRP*URXSZLOODOZD\VEHVRUWHGDOSKDEHWLFDOO\ZLWKLQWKH*URXS%DUDQGDSSHDUWR WKHULJKWRIWKH$OODQG3OD\OLVW*URXSV

3$*( )LUH%DOOŒ6('8VHU¶V0DQXDO $'',1*,17(51(75$',267$7,216 )LUH%DOOFRPHVSUHORDGHGZLWKVHYHUDOKLJKTXDOLW\VWUHDPLQJ,QWHUQHW5DGLR6WDWLRQVIURPDURXQG WKHZRUOGEXWWKDWPD\QRWEHHQRXJKIRU\RXVR)LUH%DOODOVROHW¶V\RXDGG\RXURZQ,QWHUQHW 5DGLR6WDWLRQV ,QWHUQHW5DGLRVWDWLRQVPXVWFRQIRUPWRWKHVHVSHFLILFDWLRQV ‡ :LQGRZV0HGLD:0$RU03(*,,OD\HUVWUHDPV ‡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‡ :KHQ\RXDUHILQLVKHGFUHDWLQJ\RXUQHZVWDWLRQWKH5DGLR*XLGHLVGLVSOD\HGKLJKOLJKWLQJ WKHQHZO\FUHDWHG6WDWLRQ ‡

3$*( )LUH%DOOŒ6('8VHU¶V0DQXDO 83'$7,1*7+(,17(51(75$',267$7,216/,67 (VFLHQWPDNHVHYHU\DWWHPSWWRLQVXUHWKDWWKHSUHORDGHG,QWHUQHW5DGLR6WDWLRQVDUHDOLYHDQGZHOO EXWGXHWRWKHG\QDPLFQDWXUHRIWKH,QWHUQHWDQGWKHWKLUGSDUWLHVZKRDFWXDOO\VHUYHXSWKHVHUDGLR VWUHDPVVRPHWLPHV\RXZLOOQRWEHDEOHWRSOD\DVWDWLRQ7KH³7XQH6WDWLRQV´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

3$*( )LUH%DOOŒ6('8VHU¶V0DQXDO (',7,1*029,(,1)250$7,21 )LUH%DOOKDVDFFHVVWRWHQVRIWKRXVDQGVRI'9'WLWOHVEXW\RXPD\VWLOOHQFRXQWHUD'9'WKDW GRHVQRWUHWXUQWKHFRUUHFWGLVFLQIRUPDWLRQIURPWKH(VFLHQW0RYLH'%Œ

3$*( )LUH%DOOŒ6('8VHU¶V0DQXDO $XWRPDWLFDOO\/RRNXS,QIRUPDWLRQIRU7KLV'LVF 7KH³/RRNXS7KLV'LVF´EXWWRQZLOOLQLWLDWHDGLVFORRNXSIRURQO\WKLVGLVF)LUH%DOOZLOOFRQQHFWWR WKH(VFLHQW0RYLH'%Œ6HUYLFHWRORFDWHDQGGRZQORDGWKHGLVFLQIRUPDWLRQ )ROORZWKHVHVWHSVWRORRNXSLQIRUPDWLRQIRUWKHFXUUHQWGLVF +LJKOLJKWWKH0XVLF7LWOH\RXZDQWWRHGLWLQWKH0RYLHV*XLGH 3UHVVWKH237,216NH\RQWKHUHPRWHFRQWURO 6HOHFWWKH(',7',6&PHQXLWHPWRGLVSOD\WKH(GLW'LVF,QIRUPDWLRQVFUHHQ 6HOHFWWKH/22.837+,6',6&%877217KH*HW0RYLH,QIRVFUHHQZLOOEH GLVSOD\HGDV)LUH%DOODWWHPSWVWRORRNXSWKHGLVFLQIRUPDWLRQIURPWKH(VFLHQW 0RYLH'%ŒIRU\RX :KHQWKHORRNXSLVFRPSOHWH\RXZLOOUHWXUQWRWKH(GLW'LVF,QIRUPDWLRQ VFUHHQZKHUH\RXFDQYHULI\RUHGLWWKHUHVXOWV 6HOHFWWKH6$9(EXWWRQWRVDYH\RXUFKDQJHVDQGUHWXUQWRWKHSUHYLRXVVFUHHQ 6HOHFWLQJWKH35(9,286RU1(;7EXWWRQVZLOOVDYHDQ\HGLWV\RXKDYHPDGHWRWKHFXUUHQWGLVF DQGGLVSOD\WKHLQIRUPDWLRQIRUWKHSUHYLRXVRUQH[WGLVF

3$*( )LUH%DOOŒ6('8VHU¶V0DQXDO 6HDUFKLQJIRU0RYLH,QIRUPDWLRQ0DQXDOO\ 2FFDVLRQDOO\WKH0RYLH'%ŒZLOOQRWUHWXUQWKHPRYLHLQIRUPDWLRQDQGFRYHUDUW7KLVPLJKW KDSSHQLIWKHPRYLHLVDYHU\QHZRUGLIIHUHQWUHOHDVH

3$*( )LUH%DOOŒ6('8VHU¶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

3$*( )LUH%DOOŒ6('8VHU¶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

3$*( )LUH%DOOŒ6('8VHU¶V0DQXDO (',7,1*086,&,1)250$7,21 )LUH%DOOKDVDFFHVVWRRYHUPLOOLRQ&'WLWOHVEXW\RXPD\VWLOOHQFRXQWHUD&'WKDWGRHVQRW UHWXUQDFXVWRPFRYHURUWKHFRUUHFWGLVFLQIRUPDWLRQ

3$*( )LUH%DOOŒ6('8VHU¶V0DQXDO (GLWLQJ7UDFN1DPHV

3$*( )LUH%DOOŒ6('8VHU¶V0DQXDO $XWRPDWLFDOO\/RRNXS,QIRUPDWLRQIRU7KLV'LVF 7KH³/RRNXS7KLV'LVF´EXWWRQZLOOLQLWLDWHDGLVFORRNXSIRURQO\WKLVGLVF)LUH%DOOZLOOFRQQHFWWR WKH*UDFHQRWHŠ0XVLF5HFRJQLWLRQ6HUYLFHWRORFDWHDQGGRZQORDGWKHGLVFLQIRUPDWLRQ )ROORZWKHVHVWHSVWRORRNXSLQIRUPDWLRQIRUWKHFXUUHQWGLVF +LJKOLJKWWKH0XVLF7LWOH\RXZDQWWRHGLWLQWKH0XVLF*XLGH 3UHVVWKH237,216NH\RQWKHUHPRWHFRQWURO 6HOHFWWKH(',7',6&,1)2PHQXLWHPWRGLVSOD\WKH(GLW'LVF,QIRUPDWLRQ VFUHHQ 6HOHFWWKH/22.837+,6',6&%877217KH*HW0XVLF,QIRVFUHHQZLOO EHGLVSOD\HGDV)LUH%DOODWWHPSWVWRORRNXSWKHGLVFLQIRUPDWLRQIURPWKH *UDFHQRWHŠ0XVLF5HFRJQLWLRQ6HUYLFHIRU\RX :KHQWKHORRNXSLVFRPSOHWH\RXZLOOUHWXUQWRWKH(GLW'LVF,QIRUPDWLRQ VFUHHQZKHUH\RXFDQYHULI\RUHGLWWKHUHVXOWV 6HOHFWWKH6$9(EXWWRQWRVDYH\RXUFKDQJHVDQGUHWXUQWRWKHSUHYLRXV VFUHHQ

3$*( )LUH%DOOŒ6('8VHU¶V0DQXDO 6HDUFKLQJIRUWKH2ULJLQDO&RYHU 2FFDVLRQDOO\WKHZURQJFRYHURUWKHGHIDXOWFRYHUZLOOEHGLVSOD\HGIRUD0XVLF7LWOH

3$*( )LUH%DOOŒ6('8VHU¶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

3$*( )LUH%DOOŒ6('8VHU¶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

3$*( )LUH%DOOŒ6('8VHU¶V0DQXDO (',7,1*3/$

3$*( )LUH%DOOŒ6('8VHU¶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

3$*( )LUH%DOOŒ6('8VHU¶V0DQXDO '(/(7,1*086,&

3$*( )LUH%DOOŒ6('8VHU¶V0DQXDO '(/(7,1*3/$

3$*( )LUH%DOOŒ6('8VHU¶V0DQXDO '(/(7,1**52836 'HOHWLQJ*URXSVIURPWKH*URXS%DULVYHU\VLPLODUWRGHOHWLQJ3OD\OLVWV7KHFRQWHQWVRIWKH*URXS WKH0XVLF7LWOHV0RYLH7LWOHVRU5DGLR6WDWLRQV DUHQRWGHOHWHG7KH\DUHVWLOODYDLODEOHLQDQ\ RWKHU*URXSVWKH\PD\EHDVVLJQHGWRDQGLQWKH$OO*URXS )ROORZWKHVHVWHSVWRGHOHWH*URXSV 3UHVVWKH086,&NH\LI\RXZDQWWRHGLWWKH0XVLF*URXSVRUSUHVVWKH5$',2 NH\LI\RXZDQWWRHGLWWKH5DGLR*URXSV 3UHVVWKH237,216NH\WRGLVSOD\WKH2SWLRQV0HQX 6HOHFWWKH'(/(7(*52836PHQXLWHPWRGLVSOD\WKH'HOHWH3OD\OLVWVVFUHHQ )RUHDFK3OD\OLVW\RXZDQWWRGHOHWHKLJKOLJKWWKH3OD\OLVWDQGSUHVVWKH 6(/(&7NH\RQWKHUHPRWH$FKHFNPDUNDSSHDUVWRWKHULJKWRIHDFKVHOHFWHG 3OD\OLVWLQGLFDWLQJWKDWLWZLOOEHGHOHWHG3UHVVWKH6(/(&7NH\DJDLQWRUHPRYH WKHFKHFNPDUN :KHQ\RXKDYHVHOHFWHGDOORIWKH3OD\OLVWV\RXZDQWWRGHOHWHVHOHFWWKHGHOHWH EXWWRQWRSHUPDQHQWO\UHPRYHDQGGHOHWHWKHFKHFNHG3OD\OLVWV 

3$*( )LUH%DOOŒ6('8VHU¶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

3$*( )LUH%DOOŒ6('8VHU¶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‡ 7KH5'0ZLOOEHDFWLYDWHGZKHQHYHUWKH)LUH%DOOLVLGOHIRUWKHVSHFLILHGSHULRGRIWLPH ‡ 'RQRWVHWWKHLGOHWLPHWRRKLJKDVWKHSRVVLELOLW\RIVFUHHQEXUQLVLQFUHDVHGZLWKFHUWDLQ W\SHVRIGLVSOD\VSDUWLFXODUO\³3ODVPD´W\SHGLVSOD\V

3$*( )LUH%DOOŒ6('8VHU¶V0DQXDO 6(77,1*<2857,0(=21( 6SHFLI\ZKLFK86WLPH]RQH\RXU)LUH%DOOLVORFDWHGLQ )ROORZWKHVHVWHSVWRVHW\RXU7LPH=RQH 3UHVVWKH6(783NH\RQWKHUHPRWHWRGLVSOD\WKH6HWXSPHQX 6HOHFWWKH*(1(5$/0HQX 6HOHFWWKH7,0(=21(0HQX 6HOHFW\RXUVHOHFW\RXU7LPH=RQH

3$*( )LUH%DOOŒ6('8VHU¶V0DQXDO &86720,=$%/(86(5,17(5)$&( ,QDGGLWLRQWRWKH(VFLHQW&ODVVLFXVHULQWHUIDFHWKHPHWKH)LUH%DOODOORZV\RXWRVHOHFWDFXVWRP WKHPHDQGVHOHFW\RXURZQEDFNJURXQGLPDJHVIRUHDFK*XLGH3OD\HU2SWLRQV6HWXSDQG0HVVDJH VFUHHQV

3$*( )LUH%DOOŒ6('8VHU¶V0DQXDO (1$%/,1*3$66:25'3527(&7,21 2SWLRQDO3DVVZRUG3URWHFWLRQHQDEOHV\RXWROLPLWXVHUDFFHVVWRWKH6HWXS0HQXV7KLVLVXVHIXOWR ORFNRXWWKHDELOLW\WRFKDQJHWKHJOREDOXVHUVHWWLQJVDQGSUHIHUHQFHV 6HWWLQJD6\VWHP3DVVZRUG±)ROORZWKHVHVWHSVWRVHWXSDQHZV\VWHP SDVVZRUG 8VLQJWKHUHPRWHFRQWUROHQWHUDWRGLJLWFRGHLQWRWKHSDVVZRUGILHOG 3UHVVWKH6(/(&7NH\WRKLJKOLJKWWKH9(5,)<ILHOG 5HHQWHUWKHVDPHSDVVZRUGIRUYHULILFDWLRQ 3UHVVWKH6(/(&7NH\WRKLJKOLJKWWKH6$9(EXWWRQ 3UHVV6(/(&7DJDLQWRVDYH\RXUSDVVZRUGDQGHQDEOH3DVVZRUG3URWHFWLRQ RQWKH6HWXS0HQXV ‡

3$*( )LUH%DOOŒ6('8VHU¶V0DQXDO 029,(5$7,1*6 0RYLH5DWLQJVDUHXVHGWRSURKLELWWKHGLVSOD\RIFHUWDLQPRYLHVLQWKH0RYLHV*XLGH7KLVIHDWXUH LVXVHGLQFRQMXQFWLRQZLWKWKH3DVVZRUG3URWHFWLRQIHDWXUH

3$*( )LUH%DOOŒ6('8VHU¶V0DQXDO 1(7:25.(7+(51(76(77,1*6 (WKHUQHWLVWKHSUHIHUUHGQHWZRUNLQJFKRLFHZKLFKSURYLGHV\RXZLWKWKHEHVWQHWZRUNSHUIRUPDQFH DQGDOORZV\RXU)LUH%DOOWRDFWDVD³VHUYHU´WRGHOLYHU\RXUPXVLFFROOHFWLRQWKURXJKRXW\RXUKRPH QHWZRUNXVLQJWKHRSWLRQDO)LUH%DOO0XVLF3OD\HUV (WKHUQHWQHWZRUNVUHTXLUHWKDW\RXFRQILJXUHHDFKGHYLFHRQWKHQHWZRUNZLWKDYDOLG³DGGUHVV´ 7KHVHDGGUHVVHVDUHXVXDOO\FRQILJXUHGDXWRPDWLFDOO\E\\RXUQHWZRUNKDUGZDUH,I\RXU3&LV VHWXSXVLQJ'\QDPLFRU³'+&3´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

3$*( )LUH%DOOŒ6('8VHU¶V0DQXDO 7HVWLQJWKH

3$*( )LUH%DOOŒ6('8VHU¶V0DQXDO 6(77,1*7+(),5(%$//6(59(56(77,1*6 )LUH%DOO¶VVHUYHUDOORZV\RXWRFRQWUROLWUHPRWHO\XVLQJDZHEEURZVHURQ\RXU3&7KH)LUH%DOO 1DPHDOORZV\RXWRHDVLO\ORFDWHDQGFRQQHFWWR\RXU)LUH%DOOE\QDPH )ROORZWKHVHVWHSVWRHQWHUDQDPHIRU\RXU)LUH%DOO 3UHVVWKH6(783NH\RQWKHUHPRWHWRGLVSOD\WKH6HWXSPHQX 6HOHFWWKH1(7:25.PHQX 6HOHFWWKH),5(%$//6(59(56(77,1*6PHQX (QWHUDQDPHIRU\RXU)LUH%DOOXVLQJWKHUHPRWHFRQWURORUZLUHOHVVNH\ERDUG )RUH[DPSOH³/LYLQJ5RRP´RU³+RPH7KHDWHU´PLJKWEHDQDPHZKLFKKHOSV LGHQWLI\ZKLFK)LUH%DOO\RXZDQWWRFRQQHFWWR )ROORZWKHVHVWHSVWRHQWHUDSDVVZRUGWREHXVHGZKHQFRQQHFWLQJWR\RXU )LUH%DOOIURPDZHEEURZVHU 3UHVVWKH6(783NH\RQWKHUHPRWHWRGLVSOD\WKH6HWXSPHQX VHOHFWWKH1(7:25.PHQX 6HOHFWWKH),5(%$//6(59(56(77,1*6PHQX (QWHUDSDVVZRUGWREHXVHGIURP\RXU3&ZKHQFRQQHFWLQJIURP\RXUZHE EURZVHU 1RWH7KHUHLVQR8VHU1DPHZKHQFRQQHFWLQJIURPDZHEEURZVHU

3$*( )LUH%DOOŒ6('8VHU¶V0DQXDO 9,'(228738735()(5(1&(6 9LGHR)RUPDW $OORZV\RXWRVHOHFWRUDVSHFWUDWLRVRQ\RXU79VFUHHQ )ROORZWKHVHVWHSVWRFHQWHUWKH)LUH%DOOVFUHHQ 3UHVVWKH6(783NH\RQWKHUHPRWHWRGLVSOD\WKH6HWXSPHQX 6HOHFWWKH9,'(2PHQX 6HOHFWWKH9,'(2)250$7PHQX 8VLQJWKH8SDQG'RZQNH\VRQWKHUHPRWHVHOHFW\RXUGHVLUHGDVSHFWUDWLR 3UHVVWKH6(/(&7NH\RQWKHUHPRWHWRKLJKOLJKWWKH6$9(EXWWRQ 3UHVV6(/(&7DJDLQWRVDYHWKHFXUUHQWGHVLUHGIRUPDW 8VHU,QWHUIDFH  8VHU,QWHUIDFH

3$*( )LUH%DOOŒ6('8VHU¶V0DQXDO &HQWHULQJWKH)LUH%DOO6FUHHQ $OORZV\RXWRFHQWHUWKH)LUH%DOOXVHULQWHUIDFHKRUL]RQWDOO\RQ\RXU79VFUHHQ )ROORZWKHVHVWHSVWRFHQWHUWKH)LUH%DOOVFUHHQ 3UHVVWKH6(783NH\RQWKHUHPRWHWRGLVSOD\WKH6HWXSPHQX 6HOHFWWKH9,'(2PHQX 6HOHFWWKH6&5((1&(17(5,1*PHQX 8VLQJWKH/HIWDQG5LJKWNH\VRQWKHUHPRWHDGMXVWWKHVFUHHQVRWKDWLW DSSHDUVKRUL]RQWDOO\FHQWHUHGRQ\RXU79 3UHVVWKH6(/(&7NH\RQWKHUHPRWHWRKLJKOLJKWWKH6$9(EXWWRQ 3UHVV6(/(&7DJDLQWRVDYHWKHFXUUHQWSRVLWLRQ

3$*( )LUH%DOOŒ6('8VHU¶V0DQXDO $GMXVWLQJ\RXU79¶V%ULJKWQHVV )ROORZWKHVHVWHSVWRDGMXVWWKHEULJKWQHVVRQ\RXU79 3UHVVWKH6(783NH\RQWKHUHPRWHWRGLVSOD\WKH6HWXSPHQX 6HOHFWWKH9,'(2PHQX 6HOHFWWKH%5,*+71(66PHQX 7XUQ\RXU79¶VEULJKWQHVVFRQWURODOOWKHZD\XSWKHQORZHULWWRWKHSRLQWZKHUH WKHYHUWLFDOEODFNEDURQWKHOHIWMXVWGLVDSSHDUV7KLVZLOOJHW\RXUEULJKWQHVV FRQWURODVFORVHWRWKHSURSHUVHWWLQJDVSRVVLEOHZLWKRXWWKHXVHRIVSHFLDO VRIWZDUHDQGKDUGZDUH 3UHVV6(/(&7WRUHWXUQWRWKHSUHYLRXVPHQX

3$*( )LUH%DOOŒ6('8VHU¶V0DQXDO $GMXVWLQJ\RXU79¶V&RQWUDVW 7KH&RQWUDVWRU3LFWXUH$GMXVWPHQWFRQWURODOORZV\RXWRRSWLPL]HWKHFRQWUDVW ZKLFKLVVRPHWLPHV FDOOHG3LFWXUH RIWKHLU79XVLQJWKH79¶V&RQWUDVWRU3LFWXUHFRQWUROV7KLVVHWWLQJKHOSVUHGXFH YLGHR³EORRPLQJ´DQGFUHDWHDFOHDUHUPRUHUHDGDEOHXVHULQWHUIDFH )ROORZWKHVHVWHSVWRDGMXVWWKHFRQWUDVWRQ\RXU79 3UHVVWKH6(783NH\RQWKHUHPRWHWRGLVSOD\WKH6HWXSPHQX 6HOHFWWKH9,'(2PHQX 6HOHFWWKH&2175$67PHQX 7XUQ\RXU79¶V&RQWUDVWRU3LFWXUHFRQWURODOOWKHZD\XSWKHQORZHULWWRWKH SRLQWZKHUHWKHYHUWLFDOOLQHDSSHDUVVWUDLJKWDQGGRHVQRWEHQG,WPD\QRW EHSRVVLEOHWRPDNHLWFRPSOHWHO\VWUDLJKWRQVRPH79VHWV7KLVZLOOJHW\RXU &RQWUDVWFRQWURODVFORVHWRWKHSURSHUVHWWLQJDVSRVVLEOHZLWKRXWWKHXVHRI VSHFLDOVRIWZDUHDQGKDUGZDUH 3UHVV6(/(&7WRUHWXUQWRWKHSUHYLRXVPHQX

3$*( )LUH%DOOŒ6('8VHU¶V0DQXDO $GMXVWLQJ\RXU79¶V6KDUSQHVV 7KH6KDUSQHVVDGMXVWPHQWDOORZV\RXWKHVHWWKH6KDUSQHVVRU'HWDLOFRQWURORIWKHLU79VRWKDW RQVFUHHQWH[WLVDVUHDGDEOHDVSRVVLEOH3URSHUDGMXVWPHQWRIWKH6KDUSQHVVFRQWURO VRPHWLPHV FDOOHGWKH'HWDLOFRQWURO RQ\RXU79DOORZV\RXWRVHHYLGHRDQGRQVFUHHQPHQXVPRUHDFFXUDWHO\ )ROORZWKHVHVWHSVWRDGMXVWWKHVKDUSQHVVRQ\RXU79 3UHVVWKH6(783NH\RQWKHUHPRWHWRGLVSOD\WKH6HWXSPHQX 6HOHFWWKH9,'(2PHQX 6HOHFWWKH6+$531(66PHQX 7XUQ\RXU79¶V6KDUSQHVVRU'HWDLOFRQWUROXSDQGGRZQXQWLOWKHWH[WRQWKH VFUHHQLVDVUHDGDEOHDVSRVVLEOH%HVXUHWRDGMXVW\RXU%ULJKWQHVVDQG &RQWUDVWEHIRUHDGMXVWLQJWKH6KDUSQHVVFRQWURO7KLVZLOOJHW\RXU6KDUSQHVV FRQWURODVFORVHWRWKHSURSHUVHWWLQJDVSRVVLEOHZLWKRXWWKHXVHRIVSHFLDO VRIWZDUHDQGKDUGZDUH 3UHVV6(/(&7WRUHWXUQWRWKHSUHYLRXVPHQX

3$*( )LUH%DOOŒ6('8VHU¶V0DQXDO $GMXVWLQJ\RXU79¶V&RORUDQG7LQW &RORU%DUVDUHXVHGWRWHVWWKH79PRQLWRU¶VDELOLW\WRUHSURGXFHWKHSURSHUFRORUYDOXHV )ROORZWKHVHVWHSVWRDGMXVWWKH&RORUDQG7LQWRQ\RXU79 3UHVVWKH6(783NH\RQWKHUHPRWHWRGLVSOD\WKH6HWXSPHQX 6HOHFWWKH9,'(2PHQX 6HOHFWWKH&2/25%$56PHQX 7XUQ\RXU79¶V&RORUDQG7LQWFRQWUROVXSDQGGRZQXQWLOWKHFRORUEDUVDUHDW WKHSRLQWZKHUHWKH\DUHQRWDSSHDULQJWREOHHGWRJHWKHUDQGWKHFRORUVGRQRW DSSHDUWREHWRREULJKW7KLVZLOOJHW\RXU&RORUDQG7LQWFRQWUROVDVFORVHDV SRVVLEOHZLWKRXWWKHXVHRIVSHFLDOVRIWZDUHDQGKDUGZDUH 3UHVV6(/(&7WRUHWXUQWRWKHSUHYLRXVPHQX

3$*( )LUH%DOOŒ6('8VHU¶V0DQXDO (;7(51$/&21752/ 6855281'02'(6(77,1*6 )LUH%DOOZLOODXWRPDWLFDOO\VZLWFKWKHYLGHRDQGDXGLRRXWSXWIURPWKH'9'FKDQJHUZKHQ\RX SOD\DPRYLHWLWOH7KLVDOORZV\RXWRXVHRQHLQSXWRQ\RXUDYUHFHLYHURU79IRUWKH)LUH%DOODQG WKH'9'FKDQJHU

3$*( )LUH%DOOŒ6('8VHU¶V0DQXDO ,55(027(&21752/ )LUH%DOOLVSUHVHWIURPWKHIDFWRU\WRRSHUDWHIURPWKH)%VRXUFHEXWWRQKRZHYHUWKH)LUH%DOO FDQEHFRQILJXUHGWRXVHDQ\RQHRIWKHIRXUVRXUFHEXWWRQVXVLQJWKHRQVFUHHQ6HWXSPHQXV7KLV LVXVHIXOZKHQWKHUHDUHPXOWLSOH)LUH%DOOVLQVWDOOHGDWWKHVDPHORFDWLRQVRDOO)LUH%DOOVGRQ¶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

3$*( )LUH%DOOŒ6('8VHU¶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

3$*( )LUH%DOOŒ6('8VHU¶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

3$*( )LUH%DOOŒ6('8VHU¶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

3$*( )LUH%DOOŒ6('8VHU¶V0DQXDO 3/$

3$*( )LUH%DOOŒ6('8VHU¶V0DQXDO %8772129(5/$<

3$*( )LUH%DOOŒ6('8VHU¶V0DQXDO ),5(%$//87,/,7,(6 *(77,1*,1)250$7,21$%287<285),5(%$// ,QIRUPDWLRQDERXW\RXU)LUH%DOOKDUGZDUHDQGVRIWZDUHLVDYDLODEOHXQGHUWKH8WLOLWLHVPHQX7KLV LQIRUPDWLRQLVXVHIXOIRUWURXEOHVKRRWLQJDQ\SUREOHPV\RXPD\HQFRXQWHUZLWK\RXUQHWZRUN FRQQHFWLRQRUYHULI\LQJWKHFXUUHQWVRIWZDUHYHUVLRQV )ROORZWKHVHVWHSVWRYLHZWKH)LUH%DOOV\VWHPLQIRUPDWLRQ 3UHVVWKH6(783NH\RQWKHUHPRWHWRGLVSOD\WKH6HWXSPHQX 6HOHFWWKH87,/,7,(6PHQX 6HOHFWWKH6<67(0,1)250$7,21PHQX

3$*( )LUH%DOOŒ6('8VHU¶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

3$*( )LUH%DOOŒ6('8VHU¶V0DQXDO 83'$7,1*7+(62)7:$5( )LUH%DOOZLOODXWRPDWLFDOO\FKHFNWKH(VFLHQWVHUYHURQFHDZHHNIRUDQ\)LUH%DOOVRIWZDUHXSGDWHV DQGDXWRPDWLFDOO\LQVWDOOWKHP

3$*( )LUH%DOOŒ6('8VHU¶V0DQXDO &21752//,1*),5(%$//)520$:(%%52:6(5 )LUH%DOOFRQWDLQVDEXLOWLQZHEVHUYHUZKLFKPHDQV\RXFDQFRQQHFWWR\RXU )LUH%DOODQGUHPRWHO\FRQWUROLWXVLQJDVWDQGDUGZHEEURZVHUIURPD3&0DF RU3'$RYHU\RXUKRPHQHWZRUN 6(77,1*837+(),5(%$//:(%6(59(5

Other Media Player Manuals