'%6/DPS6LWH
,QVWDOODWLRQ*XLGH ,VVXH
'DWH
+8$:(,7(&+12/2*,(6&2/7'
&RS\ULJKW+XDZHL7HFKQRORJLHV&R/WG$OOULJKWVUHVHUYHG 1RSDUWRIWKLVGRFXPHQWPD\EHUHSURGXFHGRUWUDQVPLWWHGLQDQ\IRUPRUE\DQ\PHDQVZLWKRXWSULRUZULWWHQ FRQVHQWRI+XDZHL7HFKQRORJLHV&R/WG
7UDGHPDUNVDQG3HUPLVVLRQV
DQGRWKHU+XDZHLWUDGHPDUNVDUHWUDGHPDUNVRI+XDZHL7HFKQRORJLHV&R/WG $OORWKHUWUDGHPDUNVDQGWUDGHQDPHVPHQWLRQHGLQWKLVGRFXPHQWDUHWKHSURSHUW\RIWKHLUUHVSHFWLYH KROGHUV
1RWLFH
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
+XDZHL7HFKQRORJLHV&R/WG $GGUHVV
+XDZHL,QGXVWULDO%DVH %DQWLDQ/RQJJDQJ 6KHQ]KHQ 3HRSOH V5HSXEOLFRI&KLQD
:HEVLWH
KWWSZZZKXDZHLFRP
(PDLO
VXSSRUW#KXDZHLFRP
,VVXH
+XDZHL3URSULHWDU\DQG&RQILGHQWLDO &RS\ULJKW+XDZHL7HFKQRORJLHV&R/WG
L
'%6/DPS6LWH ,QVWDOODWLRQ*XLGH
$ERXW7KLV'RFXPHQW
$ERXW7KLV'RFXPHQW 2YHUYLHZ 7KLVGRFXPHQWGHVFULEHVKRZWRLQVWDOOWKHPRGXOHVDQGFDEOHVIRUWKH%%8'&8 5+8%S558S558S558DQGS558,WDOVRSURYLGHVFKHFNOLVWV IRUKDUGZDUHLQVWDOODWLRQ 127(
z 8QOHVVRWKHUZLVHVSHFLILHG%%8LQWKLVGRFXPHQWUHIHUVWR%%8DQG%%8 z '&8LQWKLVGRFXPHQWUHIHUVWR'&8 z 5+8%LQWKLVGRFXPHQWUHIHUVWR5+8% z 8QOHVVRWKHUZLVHVSHFLILHGS558LQWKLVGRFXPHQWUHIHUVWRS558S558S558DQG S558
3URGXFW9HUVLRQ 7KHIROORZLQJWDEOHOLVWVWKHSURGXFWYHUVLRQUHODWHGWRWKLVGRFXPHQW 3URGXFW1DPH
6ROXWLRQ9HUVLRQ
3URGXFW9HUVLRQ
'%6/DPS6LWH
z 65$1DQGODWHUYHUVLRQV
95&DQGODWHU YHUVLRQV
z 5$1DQGODWHUYHUVLRQV z H5$1DQGODWHUYHUVLRQV z H5$17''DQGODWHU YHUVLRQV
,QWHQGHG$XGLHQFH 7KLVGRFXPHQWLVLQWHQGHGIRU z
,VVXH
%76LQVWDOODWLRQSHUVRQQHO
+XDZHL3URSULHWDU\DQG&RQILGHQWLDO &RS\ULJKW+XDZHL7HFKQRORJLHV&R/WG
LL
'%6/DPS6LWH ,QVWDOODWLRQ*XLGH
&RQWHQWV
&RQWHQWV $ERXW7KLV'RFXPHQWLL &KDQJHVLQ'%6/DPS6LWH,QVWDOODWLRQ*XLGH ,QVWDOODWLRQ3UHSDUDWLRQV 5HIHUHQFH'RFXPHQWV 3UHSDULQJ7RROVDQG,QVWUXPHQWV 5HTXLUHPHQWVIRU,QVWDOODWLRQ3HUVRQQHO
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
+XDZHL3URSULHWDU\DQG&RQILGHQWLDO &RS\ULJKW+XDZHL7HFKQRORJLHV&R/WG
LLL
'%6/DPS6LWH ,QVWDOODWLRQ*XLGH
&RQWHQWV
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
,QVWDOOLQJDS558RUS558 ,QIRUPDWLRQ$ERXWWKH,QVWDOODWLRQ 3URGXFW)DPLO\ ,QVWDOODWLRQ6FHQDULR 6SDFH5HTXLUHPHQWV ,QVWDOODWLRQ(QYLURQPHQW5HTXLUHPHQWV ,QVWDOODWLRQ3URFHVV ,QVWDOOLQJDS558 0RXQWLQJ.LWV ,QVWDOOLQJDS558RQD:DOO ,QVWDOOLQJDS558RQD&HLOLQJ ,QVWDOOLQJDS558RQD3ROH ,QVWDOOLQJDS558RQD3ODWH ,QVWDOOLQJDS558RQD.HHO ,QVWDOOLQJDS558RQ6WHHO+DQJHUV ,VVXH
+XDZHL3URSULHWDU\DQG&RQILGHQWLDO &RS\ULJKW+XDZHL7HFKQRORJLHV&R/WG
LY
'%6/DPS6LWH ,QVWDOODWLRQ*XLGH
&RQWHQWV
,QVWDOOLQJWKH&DELQHW ,QVWDOOLQJS558&DEOHV 5HTXLUHPHQWVIRU&DEOH/D\RXW &DEOH/LVW &DEOH&RQQHFWLRQV &DEOH,QVWDOODWLRQ3URFHVV ,QVWDOOLQJDS558(WKHUQHW&DEOH ,QVWDOOLQJDS558(WKHUQHW&DEOH ,QVWDOOLQJDS5585)-XPSHU2SWLRQDO ,QVWDOOLQJDS5585)-XPSHU2SWLRQDO 2SWLRQDO ,QVWDOOLQJD&RPELQHU &KHFNLQJWKHS558+DUGZDUH,QVWDOODWLRQ 3RZHULQJRQWKHS558
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
2SWLRQDO ,QVWDOOLQJWKH([WHQGHU3R( 2SWLRQDO ,QVWDOOLQJWKH(;'DQG&DEOHV ,QVWDOODWLRQ6FHQDULR ,VVXH
+XDZHL3URSULHWDU\DQG&RQILGHQWLDO &RS\ULJKW+XDZHL7HFKQRORJLHV&R/WG
Y
'%6/DPS6LWH ,QVWDOODWLRQ*XLGH
&RQWHQWV
,QVWDOODWLRQ&OHDUDQFHDQG6SDFH5HTXLUHPHQWV ,QVWDOODWLRQ3URFHVV ,QVWDOOLQJDQ(;' (;'0RXQWLQJ.LWV ,QVWDOOLQJDQ(;'RQD:DOO ,QVWDOOLQJDQ(;'RQD3ROH ,QVWDOOLQJ(;'&DEOHV &DEOLQJ5HTXLUHPHQWV (;'&DEOH&RQQHFWLRQV ,QVWDOOOLQJD3*1'FDEOH 2SHQLQJWKH&RYHU3ODWHRIDQ(;'&DEOLQJ&DYLW\ ,QVWDOOLQJDQ(WKHUQHW&DEOH &ORVLQJWKH&RYHU3ODWHRIDQ(;'&DEOLQJ&DYLW\ &KHFNLQJWKH(;'+DUGZDUH,QVWDOODWLRQ 3RZHULQJRQWKH(;'
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
$SSHQGL[ 0$&&ROOHFWLRQ7HPSODWH $VVHPEOLQJD6KLHOGHG5-&RQQHFWRUDQGDQ(WKHUQHW&DEOH '%6/DPS6LWH(QJLQHHULQJ/DEHO $WWDFKLQJDQ/6KDSHG/DEHO $WWDFKLQJD6LJQ3ODWH/DEHO
,VVXH
+XDZHL3URSULHWDU\DQG&RQILGHQWLDO &RS\ULJKW+XDZHL7HFKQRORJLHV&R/WG
YL
'%6/DPS6LWH ,QVWDOODWLRQ*XLGH
&KDQJHVLQ'%6/DPS6LWH,QVWDOODWLRQ*XLGH
&KDQJHVLQ'%6/DPS6LWH,QVWDOODWLRQ *XLGH 7KLVFKDSWHUGHVFULEHVWKHFKDQJHVLQWKH'%6/DPS6LWH,QVWDOODWLRQ*XLGH
7KLVLVWKHHLJKWKFRPPHUFLDOUHOHDVH &RPSDUHGZLWK WKLVLVVXHLQFRUSRUDWHVWKHIROORZLQJQHZWRSLFV z
,QVWDOOLQJDS558RQD3ROH
z
2SWLRQDO ,QVWDOOLQJWKH([WHQGHU3R(
z
2SWLRQDO ,QVWDOOLQJWKH(;'DQG&DEOHV
&RPSDUHGZLWK WKLVLVVXHLQFRUSRUDWHVWKHIROORZLQJFKDQJHV &RQWHQW
&KDQJH'HVFULSWLRQ
,QVWDOOLQJDS558(WKHUQHW &DEOH
5HQDPHGWKHRXWGRRU([WHQGHUWR([WHQGHU 3R(
,QVWDOOLQJDS558(WKHUQHW &DEOH &RPSDUHGZLWK QRLQIRUPDWLRQLVGHOHWHG
7KLVLVWKHVHYHQWKFRPPHUFLDOUHOHDVH &RPSDUHGZLWK WKLVLVVXHLQFRUSRUDWHVWKHIROORZLQJQHZWRSLFV z
,QVWDOOLQJDS558(WKHUQHW&DEOH
z
2SWLRQDO ,QVWDOOLQJWKH3R(6XUJH3URWHFWRUDQG&DEOHV
z
2SWLRQDO ,QVWDOOLQJWKH5)6XUJH3URWHFWRUDQG&DEOHV
z
2SWLRQDO ,QVWDOOLQJWKH&DELQHWDQG&DELQHW&DEOHV
&RPSDUHGZLWK WKLVLVVXHLQFRUSRUDWHVWKHIROORZLQJFKDQJHV ,VVXH
+XDZHL3URSULHWDU\DQG&RQILGHQWLDO &RS\ULJKW+XDZHL7HFKQRORJLHV&R/WG
'%6/DPS6LWH ,QVWDOODWLRQ*XLGH
&KDQJHVLQ'%6/DPS6LWH,QVWDOODWLRQ*XLGH
&RQWHQW
&KDQJH'HVFULSWLRQ
(QWLUHGRFXPHQW
$GGHGWKHLQIRUPDWLRQDERXWS558 DQGWKHFDELQHWXVHGLQWKHRXWVLGHVFHQDULR
&RPSDUHGZLWK QRLQIRUPDWLRQLVGHOHWHG
7KLVLVWKHVL[WKFRPPHUFLDOUHOHDVH &RPSDUHGZLWK WKLVLVVXHLQFOXGHVWKHIROORZLQJQHZWRSLFV z
,QVWDOOLQJDS558RUS558
&RPSDUHGZLWK QRLQIRUPDWLRQLVFKDQJHG &RPSDUHGZLWK QRLQIRUPDWLRQLVGHOHWHG
7KLVLVWKHILIWKFRPPHUFLDOUHOHDVH &RPSDUHGZLWK QRLQIRUPDWLRQLVDGGHG &RPSDUHGZLWK WKLVLVVXHLQFRUSRUDWHVWKHIROORZLQJFKDQJHV &RQWHQW
&KDQJH'HVFULSWLRQ
,QVWDOOLQJ&53,2SWLFDO&DEOHV
$GGHGWKHGHVFULSWLRQVDERXWWKH&35, RSWLFDOILEHUFRQQHFWLRQLQVKDULQJ%%8V ZLWK0DFUR1HWZRUNVVFHQDULR
&RPSDUHGZLWK QRLQIRUPDWLRQLVGHOHWHG
7KLVLVWKHIRXUWKFRPPHUFLDOUHOHDVH &RPSDUHGZLWK QRLQIRUPDWLRQLVDGGHG &RPSDUHGZLWK WKLVLVVXHLQFRUSRUDWHVWKHIROORZLQJFKDQJHV &RQWHQW
&KDQJH'HVFULSWLRQ
(QWLUHGRFXPHQW
$GGHGWKH5+8%WKDWKDVQRHOHFWULFDO WUDQVPLVVLRQSRUW
&RPSDUHGZLWK QRLQIRUPDWLRQLVGHOHWHG ,VVXH
+XDZHL3URSULHWDU\DQG&RQILGHQWLDO &RS\ULJKW+XDZHL7HFKQRORJLHV&R/WG
'%6/DPS6LWH ,QVWDOODWLRQ*XLGH
&KDQJHVLQ'%6/DPS6LWH,QVWDOODWLRQ*XLGH
7KLVLVWKHWKLUGFRPPHUFLDOUHOHDVH &RPSDUHGZLWK WKLVLVVXHLQFOXGHVWKHIROORZLQJQHZWRSLFV z
,QVWDOOLQJD'&8
&RPSDUHGZLWK WKLVLVVXHLQFRUSRUDWHVWKHIROORZLQJFKDQJHV &RQWHQW
&KDQJH'HVFULSWLRQ
(QWLUHGRFXPHQW
$GGHGWKHGHVFULSWLRQVDERXWWKH'&8
&RPSDUHGZLWK QRLQIRUPDWLRQLVGHOHWHG
7KLVLVWKHVHFRQGFRPPHUFLDOUHOHDVH &RPSDUHGZLWK QRLQIRUPDWLRQLVDGGHG &RPSDUHGZLWK WKLVLVVXHLQFRUSRUDWHVWKHIROORZLQJFKDQJHV &RQWHQW
&KDQJH'HVFULSWLRQ
,QVWDOOLQJ3RZHU&DEOH
0RGLILHGWKH5+8%FRQILJXUDWLRQVRI XSSHUOHYHOFLUFXLWEUHDNHUV
,QVWDOODWLRQ6FHQDULR
'HOHWHGWKHPLQLPXPVSDFHUHTXLUHPHQWVRI WKHS558
6SDFH5HTXLUHPHQWV
'HOHWHGWKHPLQLPXPVSDFHUHTXLUHPHQWVRI WKHS558
,QVWDOOLQJDS558RQD:DOO
$GGHGWKHVWHSDERXWORFNLQJWKHSURWHFWLRQ VFUHZRIS558
,QVWDOOLQJDS558RQD&HLOLQJ ,QVWDOOLQJDS558RQD3ODWH ,QVWDOOLQJDS558RQD.HHO
&RPSDUHGZLWK QRLQIRUPDWLRQLVGHOHWHG
7KLVLVWKHILUVWFRPPHUFLDOUHOHDVH &RPSDUHGZLWKGUDIW% WKLVLVVXHLQFOXGHVWKHIROORZLQJQHZWRSLFV z
,QVWDOOLQJDS558RUS558
&RPSDUHGZLWKGUDIW% WKLVLVVXHLQFRUSRUDWHVWKHIROORZLQJFKDQJHV ,VVXH
+XDZHL3URSULHWDU\DQG&RQILGHQWLDO &RS\ULJKW+XDZHL7HFKQRORJLHV&R/WG
'%6/DPS6LWH ,QVWDOODWLRQ*XLGH
&KDQJHVLQ'%6/DPS6LWH,QVWDOODWLRQ*XLGH
&RQWHQW
&KDQJH'HVFULSWLRQ
(QWLUHGRFXPHQW
$GGHGWKHGHVFULSWLRQVDERXWWKH S558
&RPSDUHGZLWKGUDIW% QRLQIRUPDWLRQLVGHOHWHG
'UDIW% 7KLVLVDGUDIWUHOHDVH &RPSDUHGZLWKGUDIW$ QRLQIRUPDWLRQLVDGGHG &RPSDUHGZLWKGUDIW$ WKLVLVVXHLQFRUSRUDWHVWKHIROORZLQJFKDQJH &RQWHQW
&KDQJH'HVFULSWLRQ
,QVWDOODWLRQ6FHQDULRV
$GGHGWKHGHVFULSWLRQVDERXWWKH5+8% SDQHOPXVWQRWIDFHXSZDUGV
&RPSDUHGZLWKGUDIW$ QRLQIRUPDWLRQLVGHOHWHG
'UDIW$ 7KLVLVDGUDIWUHOHDVH &RPSDUHGZLWK,VVXH RI95&QRLQIRUPDWLRQLVDGGHG &RPSDUHGZLWK,VVXH RI95&WKLVLVVXHLQFRUSRUDWHVWKHIROORZLQJ FKDQJH &RQWHQW
&KDQJH'HVFULSWLRQ
(QWLUHGRFXPHQW
7KHEDVHVWDWLRQLQWKH/DPS6LWHVROXWLRQLV UHQDPHG'%6/DPS6LWH
&RPSDUHGZLWK,VVXH RI95&QRLQIRUPDWLRQLVGHOHWHG
,VVXH
+XDZHL3URSULHWDU\DQG&RQILGHQWLDO &RS\ULJKW+XDZHL7HFKQRORJLHV&R/WG
'%6/DPS6LWH ,QVWDOODWLRQ*XLGH
,QVWDOODWLRQ3UHSDUDWLRQV
,QVWDOODWLRQ3UHSDUDWLRQV
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
,VVXH
+XDZHL3URSULHWDU\DQG&RQILGHQWLDO &RS\ULJKW+XDZHL7HFKQRORJLHV&R/WG
'%6/DPS6LWH ,QVWDOODWLRQ*XLGH
,QVWDOODWLRQ3UHSDUDWLRQV
5HIHUHQFH'RFXPHQWV %HIRUHWKHLQVWDOODWLRQ\RXPXVWUHDGWKHIROORZLQJGRFXPHQWV z
'%6/DPS6LWH+DUGZDUH'HVFULSWLRQ
z
,QVWDOODWLRQ5HIHUHQFH
3UHSDULQJ7RROVDQG,QVWUXPHQWV 7KLVVHFWLRQGHVFULEHVWKHWRROVDQGLQVWUXPHQWVWKDWPXVWEHSUHSDUHGEHIRUHWKHLQVWDOODWLRQ 0DUNHU
7RUTXHVFUHZGULYHU
/HYHO
,VVXH
'LDJRQDOSOLHUV
0WR0
3RZHUFDEOHFULPSLQJWRRO
5-FULPSLQJWRRO
&DEOHFXWWHU
5XEEHUPDOOHW
&URZQVDZ
:LUHVWULSSHU
+DPPHUGULOODQG
7RUTXHZUHQFKPP
3URWHFWLYHJORYHV
*XDUGHGEODGHXWLOLW\NQLIH
(6'JORYHV
/RQJPHDVXULQJWDSH
+XDZHL3URSULHWDU\DQG&RQILGHQWLDO &RS\ULJKW+XDZHL7HFKQRORJLHV&R/WG
'%6/DPS6LWH ,QVWDOODWLRQ*XLGH
,QVWDOODWLRQ3UHSDUDWLRQV
0XOWLPHWHU
1HWZRUNFDEOHWHVWHU
9DFXXPFOHDQHU
/DGGHU
7RUTXHZUHQFKIRU60$ FRQQHFWRU
6RFNHWZUHQFK0
+ROHVFUHZGULYHU7
̢
5HTXLUHPHQWVIRU,QVWDOODWLRQ3HUVRQQHO 7KLVVHFWLRQGHVFULEHVUHTXLUHPHQWVIRULQVWDOODWLRQHQJLQHHUV7KH\PXVWEHTXDOLILHGDQG WUDLQHGDQGIDPLOLDUZLWKFRUUHFWRSHUDWLRQPHWKRGVDQGVDIHW\SUHFDXWLRQVEHIRUHSHUIRUPLQJ DQ\RSHUDWLRQV %HIRUHWKHLQVWDOODWLRQSD\DWWHQWLRQWRWKHIROORZLQJLWHPV z
7HFKQLFDOHQJLQHHUVPXVWWDNH+XDZHLWUDLQLQJDQGEHIDPLOLDUZLWKSURSHULQVWDOODWLRQ DQGRSHUDWLRQPHWKRGV
z
7KHQXPEHURILQVWDOODWLRQSHUVRQQHOGHSHQGVRQWKHHQJLQHHULQJVFKHGXOHDQG LQVWDOODWLRQHQYLURQPHQW*HQHUDOO\WKUHHWRILYHSHUVRQVDUHUHTXLUHG*HQHUDOO\RQO\ WKUHHWRILYHRQVLWHSHUVRQQHODUHQHFHVVDU\
,VVXH
+XDZHL3URSULHWDU\DQG&RQILGHQWLDO &RS\ULJKW+XDZHL7HFKQRORJLHV&R/WG
'%6/DPS6LWH ,QVWDOODWLRQ*XLGH
8QSDFNLQJDQG&KHFNLQJ
8QSDFNLQJDQG&KHFNLQJ
7KLVVHFWLRQGHVFULEHVKRZWRXQSDFNDQGFKHFNWKHGHOLYHUHGHTXLSPHQWWRHQVXUHWKDWWKH PDWHULDOVDUHFRPSOHWHDQGLQWDFW
&RQWH[W 127(
7KHIROORZLQJOLVWVLPSRUWDQWQRWHVZKHQ\RXDUHWUDQVSRUWLQJOLIWLQJRULQVWDOOLQJWKHHTXLSPHQWRU FRPSRQHQWV z
3URWHFWWKHPIURPFROOLGLQJZLWKGRRUVZDOOVVKHOYHVRURWKHUREMHFWV
z
:HDUFOHDQJORYHVDQGGRQRWWRXFKWKHPZLWKEDUHKDQGVVZHDWVRDNHGJORYHVRUGLUW\JORYHV
127,&(
LQ@
*URXQGVFUHZV RQWKH5+8%
27WHUPLQDO 0PP >LQ@
*URXQGWHUPLQDO RQWKHH[WHUQDO JURXQGEDU
3RZHU 6XSSO\&DEOH
&IHPDOH FRQQHFWRU
$&SRZHU LQSXWVRFNHWRQ WKH5+8%
SLQFRQQHFWRU
([WHUQDOSRZHU LQSXWVRFNHW
&35,2SWLFDO )LEHU
'/&FRQQHFWRU
&35,SRUWRQ WKH/%%3 :%%3RU 8%%3LQWKH %%8
'/&FRQQHFWRU
&35,RU&35, SRUWRQWKH 5+8%
&35,SRUWRQ WKH/%%3 :%%3RU 8%%3LQWKH %%8
'/&FRQQHFWRU
&35,SRUWRQWKH '&8
&35,SRUWRQ WKH'&8
&35,RU&35, SRUWRQWKH 5+8%
&35,RU &35,SRUWRQ WKH5+8%
'/&FRQQHFWRU
&35,RU&35, SRUWRQWKH 5+8%
&35,SRUWRQ WKH/%%3 :%%3RU 8%%3LQWKH %%8
)&FRQQHFWRU 6&FRQQHFWRURU /&FRQQHFWRU
2')
&35,SRUWRQ WKH'&8 &35,RU &35,SRUWRQ WKH5+8% (WKHUQHW &DEOH
5-FRQQHFWRU
&35,B(a&3 5,B(SRUWRQ WKH5+8%
5-FRQQHFWRU
&35,B(a&35,B (SRUWRQWKH S558
2SWLRQDO $ODUP&DEOH
5-FRQQHFWRU
(;7B$/0 SRUWRQWKH 5+8%
%DUHHQG
$ODUPVLJQDOSRUW RIWKHPRQLWRUHG HTXLSPHQW
,VVXH
+XDZHL3URSULHWDU\DQG&RQILGHQWLDO &RS\ULJKW+XDZHL7HFKQRORJLHV&R/WG
'%6/DPS6LWH ,QVWDOODWLRQ*XLGH
,QVWDOOLQJDQ5+8% 127(
z ,IRQHHQGRIWKH&35,FDEOHLVFRQQHFWHGWRWKH'/&FRQQHFWRUWKHRWKHUHQGFRQQHFWVWKH%%8 '&8RU5+8%WKURXJKWKH'/&FRQQHFWRU,IRQHHQGRIWKH&35,FDEOHLVFRQQHFWHGWRWKH2') DGDSWHUWKHRWKHUHQGFRQQHFWVWKH%%8RU5+8%WKURXJKDFRQQHFWRUFRUUHVSRQGLQJWRWKHDGDSWHU 7KHFRQQHFWRUVLQFOXGHWKH)&FRQQHFWRU6&FRQQHFWRUDQG/&FRQQHFWRU z 7KH([WHQGHUFDQEHXVHGWROHQJWKHQWKHGLVWDQFHEHWZHHQWKH5+8%DQGWKHS558FRQQHFWHG XVLQJWKH(WKHUQHWFDEOH,IWKH([WHQGHULVXVHGWKH(WKHUQHWFDEOHLVGLYLGHGLQWRWZRSDUWVRQH EHWZHHQWKH5+8%DQGWKH([WHQGHUDQGWKHRWKHUEHWZHHQWKH([WHQGHUDQGWKHS558
S558&DEOH/LVW 7DEOHOLVWVS558FDEOHV 7DEOH/LVWRIS558FDEOHV &DEOH
(WKHUQHW &DEOH
2SWLRQDO 5)-XPSHU
2QH(QG
7KH2WKHU(QG
&RQQHFWRU
&RQQHFWHG WR
&RQQHFWRU
&RQQHFWHGWR
5-FRQQHFWRU
&35,B(a&3 5,B(SRUWRQ 5+8%
5-FRQQHFWRU
&35,B(a&35,B (SRUWRQS558
5-FRQQHFWRU
7UDQVPLVVLRQ SRUWRQ$FFHVV &RQWURO$&
5-FRQQHFWRU
z *(SRUWRQ S558
([WHUQDO DQWHQQD 7;5;5) SRUWRQS558
%DVHGRQWKH SRUWPRGHORI WKHDQWHQQD V\VWHP
60$VWUDLJKW PDOHFRQQHFWRU 7\SH1PDOH FRQQHFWRU
z &35,B(SRUW RQS558 $QWHQQDV\VWHP
127(
z :KHQWKH5+8%DQGWKHS558FRQQHFWHGXVLQJWKH(WKHUQHWFDEOH,IWKH([WHQGHULVXVHG z
,QWKHLQGRRUVFHQDULRWKH(WKHUQHWFDEOHLVGLYLGHGLQWRWZRSDUWVRQHEHWZHHQWKH5+8% DQGWKH([WHQGHUDQGWKHRWKHUEHWZHHQWKH([WHQGHUDQGWKHS558
z
,QWKHRXWGRRUVFHQDULRRQO\S558DQGS558 WKH(WKHUQHWFDEOHLVGLYLGHGLQWR WZRSDUWVRQHDPRQJ5+8%3R(VXUJHSURWHFWRU3R(VXUJHSURWHFWRU([WHQGHUDQGWKH RWKHUDPRQJWKH([WHQGHU3R(VXUJHSURWHFWRU3R(VXUJHSURWHFWRUS558
&DEOH&RQQHFWLRQV 7KLVVHFWLRQGHVFULEHVWKHFDEOHFRQQHFWLRQVIRUDQ5+8% )LJXUH)LJXUHVKRZVWKHFDEOHFRQQHFWLRQVIRUDQ5+8%7KHSRUWRI(7+DUH UHVHUYHG
,VVXH
+XDZHL3URSULHWDU\DQG&RQILGHQWLDO &RS\ULJKW+XDZHL7HFKQRORJLHV&R/WG
'%6/DPS6LWH ,QVWDOODWLRQ*XLGH
,QVWDOOLQJDQ5+8%
)LJXUH&DEOHFRQQHFWLRQVIRUDQ5+8%LQGRRU
&35,RSWLFDOFDEOH
$ODUPFDEOH
(WKHUQHWFDEOH
3RZHUFDEOH
3*1'FDEOH
127(
7KH([WHQGHUFDQEHXVHGWROHQJWKHQWKHGLVWDQFHEHWZHHQWKH5+8%DQGWKHS558FRQQHFWHGXVLQJ WKH(WKHUQHWFDEOH,IWKH([WHQGHULVXVHGWKH(WKHUQHWFDEOHLVGLYLGHGLQWRWZRSDUWVRQHEHWZHHQWKH 5+8%DQGWKH([WHQGHUDQGWKHRWKHUEHWZHHQWKH([WHQGHUDQGWKHS558
)LJXUH&DEOHFRQQHFWLRQVIRUDQ5+8%RXWGRRU
&35,RSWLFDOFDEOH
$ODUPFDEOH
(WKHUQHWFDEOH
3RZHUFDEOH
3*1'FDEOH
127(
7KH([WHQGHUFDQEHXVHGWROHQJWKHQWKHGLVWDQFHEHWZHHQWKH5+8%DQGWKHS558FRQQHFWHGXVLQJ WKH(WKHUQHWFDEOH,IWKH([WHQGHULVXVHGWKH(WKHUQHWFDEOHLVGLYLGHGLQWRWZRSDUWVRQHEHWZHHQWKH 5+8%DQGWKH([WHQGHUDQGWKHRWKHUEHWZHHQWKH([WHQGHUDQGWKHS558
&DEOH,QVWDOODWLRQ3URFHVV 7KLVVHFWLRQGHVFULEHVWKHSURFHVVRILQVWDOOLQJ5+8%FDEOHV )LJXUHVKRZVWKH5+8%FDEOHLQVWDOODWLRQSURFHVV
,VVXH
+XDZHL3URSULHWDU\DQG&RQILGHQWLDO &RS\ULJKW+XDZHL7HFKQRORJLHV&R/WG
'%6/DPS6LWH ,QVWDOODWLRQ*XLGH
,QVWDOOLQJDQ5+8%
)LJXUH5+8%FDEOHLQVWDOODWLRQSURFHVV
,QVWDOOLQJ3*1'&DEOH $Q5+8%3*1'FDEOHHQVXUHVSURSHUJURXQGLQJRIDQ5+8%
3UHUHTXLVLWHV 7KH27WHUPLQDOVDWERWKHQGVRIWKH3*1'FDEOHDUHSUHSDUHG
&RQWH[W 7KH\HOORZDQGJUHHQRUJUHHQ3*1'FDEOHLVDVLQJOHFDEOH7KHFURVVVHFWLRQDODUHDRIWKH 3*1'FDEOHLVPPLQ %RWKHQGVRIWKHFDEOHDUH27WHUPLQDOVDVVKRZQLQ )LJXUH )LJXUH([WHULRURID3*1'FDEOH
27WHUPLQDOPP>LQ@0
,VVXH
27WHUPLQDOPP>LQ@0
+XDZHL3URSULHWDU\DQG&RQILGHQWLDO &RS\ULJKW+XDZHL7HFKQRORJLHV&R/WG
'%6/DPS6LWH ,QVWDOODWLRQ*XLGH
,QVWDOOLQJDQ5+8% 127(
z ,IWKH3*1'FDEOHLVSURYLGHGE\WKHFXVWRPHUDFRSSHUFRUHFDEOHZLWKDPLQLPXPFURVVVHFWLRQDO DUHDRIPPLQ RU$:*LVUHFRPPHQGHG z 7KH27WHUPLQDOVDWERWKHQGVRIWKH3*1'FDEOHDUHDVVHPEOHGDWWKHVLWH z 7KH027WHUPLQDOKDVWKHGHIDXOWVL]H