㟬”䚑㺭 ⡒傊ⴒ䎣 8VHU *XLGH 6PDUW 6WHULOL]LQJ /LWWHU &DELQ 㟬 副 䇟 唾 䒝 ┇ ㎲ 3OHDVH UHDG WKH XVHU JXLGH FDUHIXOO\ EHIRUH XVH
䡠デ &217(176 & DXW L RQ 3DFNLQJ /LVW ,QWURGXFWLRQ )HDWXUHV 9HGLR GLUHFWLRQ 3UH XVH ,QVSHFWLRQ /LQH EDUEDJH ELQ &RQQHFWHG WR $33 .H\ $QG /LJKW $33 6SHFLŀFDWLRQ 6HWWLQJV 7LSV $QG $ODUPV & O H DQ 3URGXFW 3DUDPHWHUV $ERXW 8V
㹚㊁ ´槫 & $8 7 ,21 7KDQNV IRU FKRVLQJ VPDUW VWHULOL]LQJ OLWWHU FDELQѪSOHDVH NLQGO\ UHDGLQJ EHORZ WLSV EHIRUH WXUQ RQ WKH PDFKLQH Ԇ3OHDVH NLQGO\ UHDGLQJ XVHUҴPDQXDO EHIRUH WXUQ RQ WKH PDFKLQH ZKHQ \RX WXUQ RQ WKH PDFKLQH WKDW PHDQV \RX KDYH DOUHDG\ UHDG DQG IROORZ WKH LQVWUXFWLRQ Ԇ:H ZLOO QRW UHVSRQVLEOH IRU DQ\ EURNH RU GDPDJH PDGH E\ XVHU WKDW GLGQҴW IROORZ WKH LQVWUXFWLRQ Ԇ3OHDVH GRQҴW XVH DXWR PRGH LI FDW LV OHVV WKDQ NJ RU \RXQJHU WKDQ PRQWKV DQG LI FDW KHDY\ WKDQ
⑷娷 㽷Ⓡ 3DFNLQJ /LVW 3 R Z HU D G D S W HU * D U E D J H E D J ㅝ憑ὼ㎽㑹Ⓣ 㟬副䇟唾䒝┇㎲ 6PDUW VWHULOL]LQJ OLWWHU FDELQ 8V HU J X L G H 4XLFN JXLGH
’ ☳䳲 ‽ %ULHI ,QWURGXFWLRQ %DOOURRP %DVHPHQW 6WUDLQHU *UDYLW\ VHQVRU [ $QWL VWLFNLQJ VLOLFFD PDW 5DGDU VHQVRU .H\ SDQHO *DUEDJH ELQ 7RS FRYHU 89 OLJKW ]RQH VWHULOL]HU 3RZHU FRQQHFWLRQ
䏫 古␑ 副 )HDWXUHV 6HULOL]LQJ 89 R]RQH GRXEOH 0HHW LQWHOOLJHQW VWHULOL]LQJ FDW WRLOHW DGRSWV 89 R]RQH GRXEOH VWHULOL]DWLRQ WHFKQRORJ\ $IWHU WKH SHWV OHDYH WKH WRLOHW WKH FDW WRLOHW ZLOO EH GLVLQIHFWHG IURP WKH FDELQ WR WKH GXVW ER[ DQG WKH EDFWHULD SDUDVLWHV DQG YLUXVHV ZLOO EH LQDFWLYDWHG WR PDNH WKHP ORVH YLWDOLW\ DQG IHFXQGLW\ DQG WKH UHPRYDO UDWH LV PRUH WKDQ 7KUHH W\SHV RI SURWHFWLRQ Ԇ)LUVWO\ 5DGDU VHQVRU ZDOO V\VWHP 7KURXJK WKH QHZ 5DGDU DQWL SLQFK WHFKQRORJ\ D YLUWXDO
嬸樃嵦㞀Ῐ 9LGHR 'LUHFWLRQ 9LGHR ,QVWXFWLRQ 6FDQ WKH 45 FRGH /HDUQ KRZ WR XVH WKH PDFKLQH ⶁ 度⩝ 7LSV +RZ WR OHW WKH FDW DFFHSW WKH QHZ WRLOHWѴ )RU WKH ŀUVW XVH D VPDOO DPRXQW RI XVHG OLWWHU FDQ EH ODLG RQ WKH VXUIDFH RI WKH QHZ OLWWHU WR IDPLOLDUL]H WKH FDW ZLWK WKH VPHOO &KDQJH LW LQWR PDQXDO PRGH ZKHQ FDW ŀUVW XVH WKH PDFKLQH 2SHUDWH WKH PDFKLQH LQ IURQW RI WKH FDW WR OHW WKHP NQRZ LWV QRW D WKUHDWHQLQJ WKLQJ 5HZDUG WKH FDW E\ SODFLQJ VRPH VQDFNV QHDUE\ WKH PDFKLQH 3XW WKH QHZ PD
䚚⎿ 㨲㥗 3UH XVH ,QVSHFWLRQ 3RXU FDW OLWWHU LQWR WKH EDOOURRP 0DNH VXUH WKH WRS FRYHU ŀWV WKH EDVHPHQW SURSHUO\ 0DNH VXUH KDYH SXW JDUEDJH LQWR WKH JDUEDJH ELQ DQG SXVK WKH ELQ EDFN &RQQHFW WKH PDFKLQH ZLWK SRZHU DGDSWHU QR PRUH WKDQ /
⫉ ⣵⢰ 姽 /LQH EDUEDJH ELQ 3XOO RXW WKH JDUEDJH ELQ 0DNH VXUH WKH JDUEDJH EDJ ŀW WKH ELQ HGJH DQG FRYHU LW EDFN 2SHQ WKH FRYHU DQG SXW JDUEDJH EDJ LQWR WKH ELQ 3XVK WKH JDUEDJH ELQ EDFN
⎏ 㲓准 僃 &RQQHFWHG WR $33 'RZQORDG 0((7 3(7 DSS DQG VLJQ XS $IWHU VHOI H[DPLQDWLRQ WKH LQGLFDWRU OLJKW ZLOO EOLQNLQJ TXLFNO\ LQ ZKLWH ,I QRW SOHDVH 3UHVV DQG KROG WKH NH\ IRU VHFRQGV &RPSOHWH GHYLFH QHWZRUNLQJ ELQGLQJ DFFRUGLQJ WR $33 FRQWHQW К0DNH VXUH WKH PDFKLQH JHW UHDG\ IRU QHWZRUNLQJ Л.HHS \RXU SKRQHҴ ZLŀ DQG EOXHWRRWK RQ М&OLFNұ Ҳ WR VHDUFK PDFKLQH DQG FRQQHFW PDFKLQH ZLWK DSS $IWHU FRQQHFW VXFFHVVIXOO\ \RX ZLOO ŀQG WKH PDFKLQH RQ WKH DSS DQG WKH LQGLFDWRU OLJKW RQ PDFKLQH
崰 ⩹㑻 暠┼ 㑹䪬 䇡 .H\ $QG /LJKW .(< 3$1(/ .HHS SUHVV VHFRQGV ѪWXUQ RQ Rł WKH SRZHU .HHS SUHVV VHFRQGVѪDSS FRQQHFWLRQ 3UHVV WLPHѪ WXUQ RQ VWRS WKH PDFKLQH 3UHVV WLPHѪ PRGH FKDQJH PDQXDO RU DXWRPDWLF /,*+7 :KLWH OLJKW QR EOLQNLQJ DXWRPDWLF PRGH :KLWH OLJKW EOLQNLQJ VORZO\ GR QRW FRQQHFW ZLWK 5RXWHU :KLWH OLJKW EOLQNLQJ IDVW ZDLWLQJ IRU DSS FRQQHFWLRQ 2UDQJH OLJK QR EOLQNLQJ PDQXDO PRGH 2UDQJH OLJKW EOLQNLQJ VORZO\ JDUEDJH FDELQ LV IXOO 2UDQJH OLJKW EOLQNLQJ IDVW KDUGZDUH SUREOHP %OXH O
$ 3 3 ␑副 嵦㞀 $33 6SHFLŀFDWLRQ :RUN PRGH $XWR 0DQXDO 89 PDVWHU VZLWFK $XWR VWHULOL]DWLRQ DQG WLPLQJ VWHULOL]DWLRQ FDQ EH WXUQHG Rł KHUH 6OHHS PDVWHU VZLWFK 6OHHS PRGH RQ DQG Rł (TXLSPHQW &KHFN WKH LQIRUPDWLRQ DQG ŀUPZDUH YHUVLRQ RI WKH PDFKLQH
'HOD\HG FOHDQLQJ ,I WKH FDW LV WLPLG RU WKH VWRRO LV ZHW \RX FDQ VHW ORQJ WLPH IURP VHFRQGV WR PLQXWHV 2SHUDWLQJ ODSV WKH QXPEHU RI RSHUDWLRQ F\FOHV FDQ EH LQFUHDVHG 7LPLQJ FOHDQ 6OHHSLQJ PRGH 0DFKLQH ZLOO QRW ZRUN DXWRPDWLF 8VHUV FDQ DGG WKUHH FOHDQXS WLPHV 7LPLQJ VWHULOL]DWLRQ 6HW XS WKH WLPLQJ IRU VWHULOL]DWLRQ WKLV VHWWLQJ GRHV QRW DłHFW WKH DXWR VWHULOL]DWLRQ ZRUN 7LPLQJ OLJKW LQGLFDWRU OLJKW ZLOO WXUQ XS RQ VSHFLŀHG WLPH &DW OLWWHU GHRGRUDQW UHVHW 5HVWRUH WKH FDW OLWWHU DQG RG
㕂 䪬ᾀ 峘㐗 嵦㞀 7LSV $QG $ODUPV 1RWLŀFDWLRQ VHWWLQJ ,Q DXWRPDWLF PRGH WKH DSS ZLOO VHQG UHPLQGHU WR \RXU SKRQH DIWHU WKH FDW XVH WKH PDFKLQH DQG OHDYH 6WHULOL]DWLRQ UHPLQGHU ZKHQ LW VWHULOL]LQJ DSS ZLOO VHQG QRWLŀFDWLRQ WR SKRQH *DUEDJH IXOO UHPLQGHU ZKHQ JDUEDJH ELQ LV IXOO WKH PDFKLQH ZLOO VWRS ZRUN DQG VHQG QRWLŀFDWLRQ WR SKRQH +RZ WR VROYH LW FOHDQ WKH ELQ DQG FKDQJH WKH JDUEDJH EDJ FOLFN WKH үVWDUW ZRUNLQJҰ EXWWRQ RQ DSS SUHVV WKH EXWWRQ RQ PDFKLQH WR UHVWDUW PDFKLQH
)DXOW DODUP *UDYLW\ VHQVRU IDXOW ZHLJKW PLVWDNH +RZ WR VROYH FKHFN ZKHWKHU WKH JUDYLW\ VHQVRU IRXU IHHWV RI WKH EDVHPHQW LV SUHVV RWKHU PDWWHUV VXFK DV FDW IRRG RU OLWWHU SODFH WKH PDFKLQH RQ D VWHDG\ DQG KDUG ŁRRU WR UHVWDUW LW 6DIH PRGH UHPLQGHU ,I WKH VDQG IDOOLQJ SRUW LV VWXFN E\ IRUHLJQ REMHFW GXH WR VSHFLDO UHDVRQV WKH HTXLSPHQW ZLOO VHQVH WKLV VLWXDWLRQ DQG FDUU\ RXW DQWL SLQFK URWDWLRQ DQG HQWHU WKH VDIH PRGH DIWHU URWDWLRQ +RZ WR VROYH FKHFN WKH PDFKLQH DQG PDNH
䒝 䥴㽭 ␒ 㡦㓔 5HSODFH DOO FDW OLWWHU &DWV OLNH FOHDQ WRLOHW VXJJHVW WR DGG QHZ OLWWHU HYHU\ ZHHN DQG FKDQJH DOO OLWWHU HYHU\ GD\V 9LGHR ,QVWXFWLRQ 6FDQ WKH 45 FRGH /HDUQ KRZ WR UHSODFH 䦷剨 ⤝㡦 㓔 5HSODFH WKH VLOLFRQH PDW 9LGHR ,QVWXFWLRQ 6FDQ WKH 45 FRGH /HDUQ KRZ WR UHSODFH 䕵厣 㽷㺉 &OHDQ WKH EDOOURRP 9LGHR ,QVWXFWLRQ 6FDQ WKH 45 FRGH /HDUQ KRZ WR GLVPDQWOLQJ 0DNH VXUH WKHUH LV QR ZDWHU UHPLQG RQ WKH EDOO WUDFN 0DNH VXUH LW LV GU\ HQRXJK LQVLGH EDOO DQG WKHQ SRXU FDW OLWWHU LQVLGH LW
’☳ ┴㛢 3URGXFW 3DUDPHWHUV 0((7 60$57 67(5,/,=,1* /,77(5 &$%,1 ’☳╿ ’☳ ’ ’☳╿䭢 ☳╿䭢 1 ☳╿ 1D 1DPH P PH 020(㟬副䒝䥴卜㹳厣 0 2 0 ( 㟬副䒝 㟬副 㟬 副䒝 副 䒝䥴 䥴卜㹳 䥴卜 卜 厣 ’☳ⶬ 6L]H FP ’☳ ’☳ⶬ ’ ☳ ☳ⶬ ⶬ 6L 6 ]H PP ’☳ⶬ 6L]H ’☳╿䭢 1DPH 樏ⴌ䚧⓽ 樏ⴌ 樏ⴌ䚧 樏 ⴌ 䚧 ⓽ 9ROWDJH ⴌ䚧 9 9ROWDJH R O WDJ J H 樏ⴌ䚧⓽ 㡲⪙㏱挿 0D[ ZHLJKW 䒝䥴捁 &DW OLWWHU FDSDFLW\ 9 9 9 NJ N NJ NJ / / ’☳⣽╩ 12 0((7 㢬思㣂㜋 㢬思 㢬 㢬思㣂 思㣂 思㣂㜋 0 0DWHULDO DWHULDO 㢬思㣂㜋 0DWHULD
㢞⋞╪⅏䛋ὲ⍹㢵␍ ⋥ $ERXW 8V LV DQ RSHUDWRU RI D SHW VPDUW HFRV\VWHP %\ H[SORULQJ WKH KDUPRQLRXV FRH[LVWHQFH UHODWLRQVKLS EHWZHHQ KXPDQV DQG SHWV :H GHHSHQ WKH HQWLUH LQGXVWU\ FKDLQ RI SHW SURGXFW GHVLJQ SURGXFWLRQ DQG VDOHV DQG EHFRPH DQ LQWHUQDWLRQDO SURGXFW PDQXIDFWXUHU ZLWK LQWHJUDWHG SHW HQWHUWDLQPHQW SHW IHHGLQJ DQG SHW OLIH ,Q WKH HQG ZH ZLOO EXLOG D VPDUW SHW FRPSDQLRQ HFRV\VWHP IRU XVHUV WR HQMR\ OLIH E\ 0HHW 0((7 2ŃFLDO :H&KDW
)&& VWDWHPHQW 7KLV GHYLFH FRPSOLHV ZLWK 3DUW RI WKH )&& 5XOHV 2SHUDWLRQ LV VXEMHFW WR WKH IROORZLQJ WZR FRQGLWLRQV 7KLV GHYLFH PD\ QRW FDXVH KDUPIXO LQWHUIHUHQFH DQG 7KLV GHYLFH PXVW DFFHSW DQ\ LQWHUIHUHQFH WKDW LV UHFHLYHG LQFOXGLQJ DQ\ LQWHUIHU HQFH WKDW PD\ FDXVH XQGHVLUHG RSHUDWLRQ 5) H[SRVXUH ZDUQLQJ 7KLV HTXLSPHQW FRPSOLHV ZLWK )&& UDGLDWLRQ H[SRVXUH OLPLWV VHW IRUWK IRU DQ XQFRQWUROOHG HQYLURQPHQW 7KLV HTXLSPHQW VKDOO EH LQVWDOOHG DQG RSHUDWHG ZLWK PLQLPXP GLVWDQFH FP EHWZHHQ