$xglw 4xhvwlrqqdluh - information · pdf file&rqwlqjhqf\$xglw 4xhvwlrqqdluh 7klv...

41
&RQWLQJHQF\$XGLW 4XHVWLRQQDLUH 7KLVTXHVWLRQQDLUHFRPSULVHVTXHVWLRQPRGXOHVWRFRQVLGHUWKHIROORZLQJ ,7,QIUDVWUXFWXUH&RQWLQJHQF\ $SSOLFDWLRQ%DFN8S3UDFWLFHV 6SHFLILF$SSOLFDWLRQ&RQWLQJHQF\ 1HWZRUN&RQWLQJHQF\ 3&6PDOO6\VWHP&RQWLQJHQF\ 3RZHU6XSSO\&RQWLQJHQF\ 7KHPRGXOHVDUHQRWLQWHQGHGWREHDSDQDFHDFRYHULQJHYHU\SRWHQWLDOVLWXDWLRQEXWVKRXOG FHUWDLQO\HPEUDFHWKHPDMRULVVXHVDQGPRVWOLNHO\VFHQDULRV 7KH ’LVDVWHU5HFRYHU\ 7RRONLW

Upload: phamkiet

Post on 06-Mar-2018

217 views

Category:

Documents


0 download

TRANSCRIPT

Page 1: $XGLW 4XHVWLRQQDLUH - Information · PDF file&rqwlqjhqf\$xglw 4xhvwlrqqdluh 7klv txhvwlrqqdluhfrpsulvhvtxhvwlrq prgxohvwr frqvlghuwkhiroorzlqj˛,7 ,qiudvwuxfwxuh &rqwlqjhqf\ $ssolfdwlrq%dfn8s3udfwlfhv

&RQWLQJHQF\�$XGLW4XHVWLRQQDLUH7KLV�TXHVWLRQQDLUH�FRPSULVHV�TXHVWLRQ�PRGXOHV�WR�FRQVLGHU�WKH�IROORZLQJ�,7�,QIUDVWUXFWXUH�&RQWLQJHQF\$SSOLFDWLRQ�%DFN�8S�3UDFWLFHV6SHFLILF�$SSOLFDWLRQ�&RQWLQJHQF\1HWZRUN�&RQWLQJHQF\3&��6PDOO�6\VWHP�&RQWLQJHQF\3RZHU�6XSSO\�&RQWLQJHQF\7KH�PRGXOHV�DUH�QRW�LQWHQGHG�WR�EH�D�SDQDFHD��FRYHULQJ�HYHU\�SRWHQWLDO�VLWXDWLRQ��EXW�VKRXOGFHUWDLQO\�HPEUDFH�WKH�PDMRU�LVVXHV�DQG�PRVW�OLNHO\�VFHQDULRV�

7KH'LVDVWHU�5HFRYHU\7RRONLW

Page 2: $XGLW 4XHVWLRQQDLUH - Information · PDF file&rqwlqjhqf\$xglw 4xhvwlrqqdluh 7klv txhvwlrqqdluhfrpsulvhvtxhvwlrq prgxohvwr frqvlghuwkhiroorzlqj˛,7 ,qiudvwuxfwxuh &rqwlqjhqf\ $ssolfdwlrq%dfn8s3udfwlfhv

'LVDVWHU�5HFRYHU\�7RRONLW

,QWURGXFWLRQ7KLV�TXHVWLRQQDLUH�LV�GHVLJQHG�WR�DVVHVV�WKH�FRQWLQJHQF\�VWDWXV�RI�WKH�VXSSRUWLQJ�,7�LQIUDVWUXFWXUH�

,7�,QIUDVWUXFWXUH&RQWLQJHQF\4XHVWLRQQDLUH��,7�&2171*(1&<����,7�,QIUDVWUXFWXUH�&RQWLQJHQF\�5HYLHZ

3DJH���RI���

Page 3: $XGLW 4XHVWLRQQDLUH - Information · PDF file&rqwlqjhqf\$xglw 4xhvwlrqqdluh 7klv txhvwlrqqdluhfrpsulvhvtxhvwlrq prgxohvwr frqvlghuwkhiroorzlqj˛,7 ,qiudvwuxfwxuh &rqwlqjhqf\ $ssolfdwlrq%dfn8s3udfwlfhv

'LVDVWHU�5HFRYHU\�7RRONLW4XHVWLRQQDLUH��,7�&2171*(1&<����,7�,QIUDVWUXFWXUH�&RQWLQJHQF\�5HYLHZ4XHVWLRQ�����&RPSOHWLRQ�LV�5(48,5('��3OHDVH�VHOHFW�RQO\�21(�UHVSRQVH�7KH�QH[W�IHZ�TXHVWLRQV�UHODWHG�WR�,7�EDFN�XS�DUUDQJHPHQWV��$UH�\RX�UHDG\�WR�SURFHHG"

<HV4XHVWLRQ�����&RPSOHWLRQ�LV�5(48,5('��3OHDVH�VHOHFW�RQO\�21(�UHVSRQVH�$UH�EDFN�XS�FRSLHV�RI�SURJUDPV��VRIWZDUH��UHJXODUO\�WDNHQ�DQG�NHSW"

1R *R�WR�TXHVWLRQ��<HV���.HSW�2Q�6LWH *R�WR�TXHVWLRQ��<HV���.HSW�2II�6LWH<HV���.HSW�2Q�$QG�2II�6LWH4XHVWLRQ�����&RPSOHWLRQ�LV�5(48,5('��3OHDVH�VHOHFW�RQO\�21(�UHVSRQVH�,I�WKHUH�LV�D�FKDQJH�FRQWURO�SURFHGXUH�IRU�VRIWZDUH��LV�XSGDWH�RI�RII�VLWH�KHOG�SURJUDPV�LQFOXGHG�LQ�LW"127(��,I�WKHUH�LV�D�ZULWWHQ�SURFHGXUH�WR�FRQWURO�DQG�JXLGH�FKDQJHV�WR�SURGXFWLRQ�VRIWZDUH��GRHV�LW�FRQWDLQ�DVWHS�WR�HQVXUH�WKDW�WKH�FKDQJHV�PDGH�DUH�DOVR�DSSOLHG�WR�EDFNHG�XS�YHUVLRQV�RI�WKH�VRIWZDUH"�7KLV�FRXOGHLWKHU�EH�E\�GLUHFW�DSSOLFDWLRQ�WR�EDFNHG�XS�VRIWZDUH��RU�E\�WDNLQJ�DQRWKHU�FRS\�RI�WKH�SURGXFWLRQ�VRIWZDUH�

<HV1R1R�3URFHGXUH���1RW�$SSOLFDEOH4XHVWLRQ�����&RPSOHWLRQ�LV�5(48,5('��3OHDVH�VHOHFW�RQO\�21(�UHVSRQVH�:KHQ�DQ�(0(5*(1&<�DPHQGPHQW�LV�PDGH�WR�VRIWZDUH��LV�LW�VXEVHTXHQWO\�DSSOLHG�WR�WKH�RII�VLWH�FRS\�HLWKHU�GLUHFWO\�RU�YLD�D�VSHFLILF�FRS\�RSHUDWLRQ�"

<HV1R1RW�$SSOLFDEOH

3DJH���RI���

Page 4: $XGLW 4XHVWLRQQDLUH - Information · PDF file&rqwlqjhqf\$xglw 4xhvwlrqqdluh 7klv txhvwlrqqdluhfrpsulvhvtxhvwlrq prgxohvwr frqvlghuwkhiroorzlqj˛,7 ,qiudvwuxfwxuh &rqwlqjhqf\ $ssolfdwlrq%dfn8s3udfwlfhv

'LVDVWHU�5HFRYHU\�7RRONLW4XHVWLRQQDLUH��,7�&2171*(1&<����,7�,QIUDVWUXFWXUH�&RQWLQJHQF\�5HYLHZ4XHVWLRQ�����&RPSOHWLRQ�LV�5(48,5('��3OHDVH�VHOHFW�RQO\�21(�UHVSRQVH�$UH�EDFN�XS�FRSLHV�RI�VSHFLDO�VWDWLRQHU\��LI�XVHG��NHSW�RII�VLWH"

1R<HV1RW�$SSOLFDEOH4XHVWLRQ�����&RPSOHWLRQ�LV�5(48,5('��3OHDVH�VHOHFW�RQO\�21(�UHVSRQVH�$UH�EDFN�XS�FRSLHV�RI�GRFXPHQWDWLRQ�DQG�RSHUDWLQJ�LQVWUXFWLRQV�NHSW"

1R<HV���.HSW�2Q�6LWH<HV���.HSW�2II�6LWH<HV���.HSW�2Q�$QG�2II�6LWH1RW�$SSOLFDEOH4XHVWLRQ�����&RPSOHWLRQ�LV�5(48,5('��3OHDVH�VHOHFW�RQO\�21(�UHVSRQVH�$UH�EDFN�XS�FRSLHV�RI�GDWD�UHJXODUO\�WDNHQ�DQG�NHSW"

1R *R�WR�TXHVWLRQ��<HV���.HSW�2Q�6LWH<HV���.HSW�2II�6LWH<HV���.HSW�2Q�$QG�2II�6LWH1RW�$SSOLFDEOH

3DJH���RI���

Page 5: $XGLW 4XHVWLRQQDLUH - Information · PDF file&rqwlqjhqf\$xglw 4xhvwlrqqdluh 7klv txhvwlrqqdluhfrpsulvhvtxhvwlrq prgxohvwr frqvlghuwkhiroorzlqj˛,7 ,qiudvwuxfwxuh &rqwlqjhqf\ $ssolfdwlrq%dfn8s3udfwlfhv

'LVDVWHU�5HFRYHU\�7RRONLW4XHVWLRQQDLUH��,7�&2171*(1&<����,7�,QIUDVWUXFWXUH�&RQWLQJHQF\�5HYLHZ4XHVWLRQ�����&RPSOHWLRQ�LV�5(48,5('��3OHDVH�VHOHFW�RQO\�21(�UHVSRQVH�+RZ�PDQ\�JHQHUDWLRQV�RI�EDFN�XS�GDWD�DUH�NHSW"

2QH7ZR7KUHH�2U�0RUH4XHVWLRQ�����&RPSOHWLRQ�LV�237,21$/��DQG�PRUH�WKDQ�RQH�UHVSRQVH�PD\�EH�VHOHFWHG�'HWDLOV�RI�ZKLFK�RI�WKH�IROORZLQJ�DUH�127�VWRUHG�RII�VLWH"�6HOHFW�RQO\�WKRVH�WKDW�DUH�DSSOLFDEOH�

(QJLQHHULQJ�6HUYLFHV+DUGZDUH�6XSSOLHUV6RIWZDUH�6XSSOLHUV3HUVRQQHO��$QG�$GGUHVVHV�5HVWRUDWLRQ�6SHFLDOLVWV4XHVWLRQ������&RPSOHWLRQ�LV�5(48,5('��3OHDVH�VHOHFW�RQO\�21(�UHVSRQVH�$UH�RQVLWH�EDFN�XS�ILOHV��SURJUDPV��GRFXPHQWDWLRQ�DQG�RSHUDWLQJ�LQVWUXFWLRQV�VWRUHG�VR�DV�WR�SUHYHQWXQDXWKRULVHG�DFFHVV�DQG�KD]DUG�GDPDJH��ILUH��HWF�"

8QDXWKRULVHG�$FFHVV�2QO\+D]DUG�'DPDJH�2QO\%RWK�$FFHVV�$QG�'DPDJH1HLWKHU�$FFHVV�1RU�'DPDJH

3DJH���RI���

Page 6: $XGLW 4XHVWLRQQDLUH - Information · PDF file&rqwlqjhqf\$xglw 4xhvwlrqqdluh 7klv txhvwlrqqdluhfrpsulvhvtxhvwlrq prgxohvwr frqvlghuwkhiroorzlqj˛,7 ,qiudvwuxfwxuh &rqwlqjhqf\ $ssolfdwlrq%dfn8s3udfwlfhv

'LVDVWHU�5HFRYHU\�7RRONLW4XHVWLRQQDLUH��,7�&2171*(1&<����,7�,QIUDVWUXFWXUH�&RQWLQJHQF\�5HYLHZ4XHVWLRQ������&RPSOHWLRQ�LV�237,21$/��DQG�PRUH�WKDQ�RQH�UHVSRQVH�PD\�EH�VHOHFWHG�:KHUH�WKHUH�LV�WRWDO�GHSHQGHQFH��DUH�WKHUH�DGGLWLRQDO�RU�HDVLO\�WUDQVIHUDEOH�KDUGZDUH�FRPSRQHQWV��HJ�WHUPLQDOV��FRQWUROOHUV��VHUYHUV��HWF��DYDLODEOH"�,QGLFDWH�RQO\�LI�DSSOLFDEOH��LH��WKH�GHYLFHV�DUH�XVHG�DQG�WKHUHLV�GHSHQGHQFH��<HV1R1RW�$SSOLFDEOH4XHVWLRQ������&RPSOHWLRQ�LV�5(48,5('��3OHDVH�VHOHFW�RQO\�21(�UHVSRQVH�'R�\RX�ZLVK�WR�FRQVLGHU�SRZHU�FRQWLQJHQF\�DUUDQJHPHQWV�IRU�WKH�SULPDU\�VLWH"

<HV��&RPSOHWH�PRGXOH�&21732:51R4XHVWLRQ������&RPSOHWLRQ�LV�5(48,5('��3OHDVH�VHOHFW�RQO\�21(�UHVSRQVH�7KH�QH[W�IHZ�TXHVWLRQV�UHODWHG�WR�WKH�VWDWXV�RI�WKH�UHFRYHU\�SODQ�ZLWK�UHVSHFW�WR�,7��$UH�\RX�UHDG\�WRSURFHHG"

<HV4XHVWLRQ������&RPSOHWLRQ�LV�5(48,5('��3OHDVH�VHOHFW�RQO\�21(�UHVSRQVH�,V�WKHUH�D�GHWDLOHG�UHFRYHU\�SODQ�HPEUDFLQJ�,7�DQG�UHFRYHU\�RI�WKH�FRPSXWHU�V\VWHP�VHUYLFH"

1R *R�WR�TXHVWLRQ���$�)RUPDO�:ULWWHQ�3ODQ$Q�,QIRUPDO�3ODQ

3DJH���RI���

Page 7: $XGLW 4XHVWLRQQDLUH - Information · PDF file&rqwlqjhqf\$xglw 4xhvwlrqqdluh 7klv txhvwlrqqdluhfrpsulvhvtxhvwlrq prgxohvwr frqvlghuwkhiroorzlqj˛,7 ,qiudvwuxfwxuh &rqwlqjhqf\ $ssolfdwlrq%dfn8s3udfwlfhv

'LVDVWHU�5HFRYHU\�7RRONLW4XHVWLRQQDLUH��,7�&2171*(1&<����,7�,QIUDVWUXFWXUH�&RQWLQJHQF\�5HYLHZ4XHVWLRQ������&RPSOHWLRQ�LV�5(48,5('��3OHDVH�VHOHFW�RQO\�21(�UHVSRQVH�,V�WKH�UHFRYHU\�SODQ�NHSW�FXUUHQW��XSGDWHG�ZKHQ�QHZ�DSSOLFDWLRQV�DUH�FUHDWHG��ZKHQ�KDUGZDUH�LV�FKDQJHG��RUZKHQ�RWKHU�FLUFXPVWDQFHV�YDU\�"

<HV1R4XHVWLRQ������&RPSOHWLRQ�LV�5(48,5('��3OHDVH�VHOHFW�RQO\�21(�UHVSRQVH�,V�WKH�UHFRYHU\�FRQWLQJHQF\�SODQ�UHJXODUO\�WHVWHG�DQG�SURYHQ"

<HV��,Q�,WV�(QWLUHW\<HV��,QGLYLGXDO�(OHPHQWV1R4XHVWLRQ������&RPSOHWLRQ�LV�5(48,5('��3OHDVH�VHOHFW�RQO\�21(�UHVSRQVH�+DYH�DSSURSULDWH�LQGLYLGXDOV�EHHQ�DVVLJQHG�UHVSRQVLELOLW\�IRU�LPSOHPHQWDWLRQ�RI�HDFK�FRPSRQHQW�RI�WKHUHFRYHU\�SODQ�DQG�KDV�D�UHFRYHU\�FR�RUGLQDWRU�EHHQ�DSSRLQWHG"

<HV1R *R�WR�TXHVWLRQ���$Q�2YHUDOO�&R�2UGLQDWRU�2QO\(DFK�&RPSRQHQW�2QO\4XHVWLRQ������&RPSOHWLRQ�LV�5(48,5('��3OHDVH�VHOHFW�RQO\�21(�UHVSRQVH�)RU�LQGLYLGXDOV�ZLWK�UHFRYHU\�SODQ�LPSOHPHQWDWLRQ�UHVSRQVLELOLWLHV��KDV�SURYLVLRQ�EHHQ�PDGH�IRU�DGHTXDWHIDFLOLWLHV�DQG�HTXLSPHQW�IRU�WKHP�WR�XVH�DW�DQ�DSSURSULDWH�ORFDWLRQ"

<HV1R

3DJH���RI���

Page 8: $XGLW 4XHVWLRQQDLUH - Information · PDF file&rqwlqjhqf\$xglw 4xhvwlrqqdluh 7klv txhvwlrqqdluhfrpsulvhvtxhvwlrq prgxohvwr frqvlghuwkhiroorzlqj˛,7 ,qiudvwuxfwxuh &rqwlqjhqf\ $ssolfdwlrq%dfn8s3udfwlfhv

'LVDVWHU�5HFRYHU\�7RRONLW4XHVWLRQQDLUH��,7�&2171*(1&<����,7�,QIUDVWUXFWXUH�&RQWLQJHQF\�5HYLHZ4XHVWLRQ������&RPSOHWLRQ�LV�5(48,5('��3OHDVH�VHOHFW�RQO\�21(�UHVSRQVH�7KH�QH[W�IHZ�TXHVWLRQV�UHODWH�WR�WKH�FRQWHQWV�RI�WKH�UHFRYHU\�SODQ��$UH�\RX�UHDG\�WR�SURFHHG"

<HV4XHVWLRQ������&RPSOHWLRQ�LV�237,21$/��DQG�PRUH�WKDQ�RQH�UHVSRQVH�PD\�EH�VHOHFWHG�3OHDVH�LQGLFDWH�ZKLFK�RI�WKH�IROORZLQJ�SDVVDJHV�DUH�127�LQFOXGHG�LQ�WKH�UHFRYHU\�SODQ�

'HILQLWLRQ�2I�6FRSH'HILQLWLRQ�2I�2EMHFWLYHV$Q\�$VVXPSWLRQV�0DGH��,I�$Q\�3ROLF\�6WDWHPHQW��,I�$SSOLF�4XHVWLRQ������&RPSOHWLRQ�LV�237,21$/��DQG�PRUH�WKDQ�RQH�UHVSRQVH�PD\�EH�VHOHFWHG�7KH�UHFRYHU\�SODQ�VKRXOG�LQFOXGH�GHWDLOV�RI�DOO�DGPLQLVWUDWLYH�UHTXLUHPHQWV�DQG�DUUDQJHPHQWV��:KLFK�RI�WKHIROORZLQJ��LI�DQ\��DUH�RPLWWHG"

3URFXUHPHQW�3URFHGXUHV)LQDQFLDO�$UUDQJHPHQWV,QVXUDQFH�'HWDLOV4XHVWLRQ������&RPSOHWLRQ�LV�5(48,5('��3OHDVH�VHOHFW�RQO\�21(�UHVSRQVH�'RHV�WKH�UHFRYHU\�SODQ�VSHFLI\�LQ�ZKLFK�RUGHU�WR�LPSOHPHQW�LWV�FRPSRQHQWV�DQG�ZKHQ�WR�SHUIRUPLQGLYLGXDO�WDVNV"

<HV1R

3DJH���RI���

Page 9: $XGLW 4XHVWLRQQDLUH - Information · PDF file&rqwlqjhqf\$xglw 4xhvwlrqqdluh 7klv txhvwlrqqdluhfrpsulvhvtxhvwlrq prgxohvwr frqvlghuwkhiroorzlqj˛,7 ,qiudvwuxfwxuh &rqwlqjhqf\ $ssolfdwlrq%dfn8s3udfwlfhv

'LVDVWHU�5HFRYHU\�7RRONLW4XHVWLRQQDLUH��,7�&2171*(1&<����,7�,QIUDVWUXFWXUH�&RQWLQJHQF\�5HYLHZ4XHVWLRQ������&RPSOHWLRQ�LV�237,21$/��DQG�PRUH�WKDQ�RQH�UHVSRQVH�PD\�EH�VHOHFWHG�,V�WKH�UHGLUHFWLRQ�RI�DQ\�RI�WKH�IROORZLQJ�127�GHWDLOHG�LQ�WKH�UHFRYHU\�SODQ"�3OHDVH�LQGLFDWH�RQO\�ZKHUHDSSOLFDEOH��LH��ZKHUH�WKH�VHUYLFH�LV�DFWXDOO\�XVHG��

7HOHSKRQH�&DOOV0DLO�3RVW2XWSXW�5HSRUW�'HOLYHU\0DJQHWLF�0HGLD�'HOLYHU\6WDWLRQHU\�'HOLYHU\4XHVWLRQ������&RPSOHWLRQ�LV�5(48,5('��3OHDVH�VHOHFW�RQO\�21(�UHVSRQVH�$UH�EDFN�XS�FRSLHV�RI�WKH�UHFRYHU\�SODQ�NHSW"

1R<HV���.HSW�2Q�6LWH<HV���.HSW�2II�6LWH<HV���.HSW�2Q�$QG�2II�6LWH4XHVWLRQ������&RPSOHWLRQ�LV�5(48,5('��3OHDVH�VHOHFW�RQO\�21(�UHVSRQVH�,V�WKH�UHFRYHU\�RI�DFFHVV�FRQWURO�VRIWZDUH�LQFOXGHG�LQ�WKH�UHFRYHU\�FRQWLQJHQF\�SODQ"

<HV1R1R�$FFHVV�&RQWURO�6RIWZDUH

3DJH���RI���

Page 10: $XGLW 4XHVWLRQQDLUH - Information · PDF file&rqwlqjhqf\$xglw 4xhvwlrqqdluh 7klv txhvwlrqqdluhfrpsulvhvtxhvwlrq prgxohvwr frqvlghuwkhiroorzlqj˛,7 ,qiudvwuxfwxuh &rqwlqjhqf\ $ssolfdwlrq%dfn8s3udfwlfhv

'LVDVWHU�5HFRYHU\�7RRONLW4XHVWLRQQDLUH��,7�&2171*(1&<����,7�,QIUDVWUXFWXUH�&RQWLQJHQF\�5HYLHZ4XHVWLRQ������&RPSOHWLRQ�LV�5(48,5('��3OHDVH�VHOHFW�RQO\�21(�UHVSRQVH�'RHV�WKH�UHFRYHU\�SODQ�GHWDLO�WKH�SUHFLVH�ORFDWLRQ�RI�EDFN�XS�VRIWZDUH�GDWD�GRFXPHQWDWLRQ�DQG�RIDOWHUQDWLYH�KDUGZDUH�PHGLD�XQLWV��LI�DYDLODEOH�"

6RIWZDUH�'DWD�'RFXPHQWDWLRQ+DUGZDUH�0HGLD�8QLWV%RWK1HLWKHU1RW�$SSOLFDEOH4XHVWLRQ������&RPSOHWLRQ�LV�5(48,5('��3OHDVH�VHOHFW�RQO\�21(�UHVSRQVH�'RHV�WKH�UHFRYHU\�SODQ�VWLSXODWH�WKDW�EDFN�XS�GDWD�VRIWZDUH�ILOHV�PXVW�EH�FRSLHG�SULRU�WR�XVH"

<HV1R4XHVWLRQ������&RPSOHWLRQ�LV�5(48,5('��3OHDVH�VHOHFW�RQO\�21(�UHVSRQVH�:KHUH�HVVHQWLDO�HTXLSPHQW�KDV�EHHQ�PRGLILHG�RU�DGDSWHG�VSHFLILFDOO\�IRU�LQVWDOODWLRQ�XVH��RU�LV�RSHUDWHG�LQQRQ�VWDQGDUG�PRGH���KDV�VSHFLDO�SURYLVLRQ�DQG�SODQQLQJ�EHHQ�PDGH�IRU�FRQWLQJHQF\"

<HV1R1RW�$SSOLFDEOH4XHVWLRQ������&RPSOHWLRQ�LV�5(48,5('��3OHDVH�VHOHFW�RQO\�21(�UHVSRQVH�'RHV�WKH�UHFRYHU\�SODQ�PDNH�SURYLVLRQ�IRU�VHYHUH�VWDII�VKRUWDJHV��HJ��WKURXJK�LQGXVWULDO�DFWLRQ��LOOQHVV�HWF�"

<HV1R

3DJH���RI���

Page 11: $XGLW 4XHVWLRQQDLUH - Information · PDF file&rqwlqjhqf\$xglw 4xhvwlrqqdluh 7klv txhvwlrqqdluhfrpsulvhvtxhvwlrq prgxohvwr frqvlghuwkhiroorzlqj˛,7 ,qiudvwuxfwxuh &rqwlqjhqf\ $ssolfdwlrq%dfn8s3udfwlfhv

'LVDVWHU�5HFRYHU\�7RRONLW4XHVWLRQQDLUH��,7�&2171*(1&<����,7�,QIUDVWUXFWXUH�&RQWLQJHQF\�5HYLHZ4XHVWLRQ������&RPSOHWLRQ�LV�5(48,5('��3OHDVH�VHOHFW�RQO\�21(�UHVSRQVH�'RHV�WKH�UHFRYHU\�SODQ�VWLSXODWH�WKH�UHSRUWLQJ�PHWKRG�DQG�WKH�IUHTXHQF\�RI�VWDWXV�UHSRUWV�IURP�UHFRYHU\SHUVRQQHO�WR�VHQLRU�PDQDJHPHQW"

7KH�0HWKRG7KH�)UHTXHQF\7KH�)UHTXHQF\�$QG�7KH�0HWKRG1HLWKHU4XHVWLRQ������&RPSOHWLRQ�LV�5(48,5('��3OHDVH�VHOHFW�RQO\�21(�UHVSRQVH�7KH�QH[W�IHZ�TXHVWLRQV�UHODWH�WR�WUDQVIHU�DUUDQJHPHQWV�WR�DQ�RII�VLWH�ORFDWLRQ��LI�WKHUH�LV�RQH�DYDLODEOH���$UH\RX�UHDG\�WR�SURFHHG"

<HV4XHVWLRQ������&RPSOHWLRQ�LV�5(48,5('��3OHDVH�VHOHFW�RQO\�21(�UHVSRQVH�,V�WKHUH�D�UHFRYHU\�RSWLRQ�WR�DQ�RII�VLWH�ORFDWLRQ"

<HV1R *R�WR�TXHVWLRQ���4XHVWLRQ������&RPSOHWLRQ�LV�5(48,5('��3OHDVH�VHOHFW�RQO\�21(�UHVSRQVH�,V�WKHUH�D�SURFHGXUH�WR�DVVLVW�LQ�WKH�GHWHUPLQDWLRQ�RI�ZKHWKHU�WR�WULJJHU�RII�VLWH�UHFRYHU\�DQG�ZKDW�OHYHO�RIFRQWLQJHQF\�WR�LQYRNH��EDVHG�XSRQ�HVWLPDWHG�WLPH�RXW�"1RWH���,Q�RWKHU�ZRUGV��DUH�WKHUH�GHWDLOHG�JXLGHOLQHV�WR�KHOS�WKRVH�UHVSRQVLEOH�GHFLGH�ZKHWKHU�D�SUREOHP�LVVHULRXV�HQRXJK�WR�ZDUUDQW�WUDQVIHU�WR�WKH�UHFRYHU\�VLWH"

<HV1R1RW�$SSOLFDEOH

3DJH����RI���

Page 12: $XGLW 4XHVWLRQQDLUH - Information · PDF file&rqwlqjhqf\$xglw 4xhvwlrqqdluh 7klv txhvwlrqqdluhfrpsulvhvtxhvwlrq prgxohvwr frqvlghuwkhiroorzlqj˛,7 ,qiudvwuxfwxuh &rqwlqjhqf\ $ssolfdwlrq%dfn8s3udfwlfhv

'LVDVWHU�5HFRYHU\�7RRONLW4XHVWLRQQDLUH��,7�&2171*(1&<����,7�,QIUDVWUXFWXUH�&RQWLQJHQF\�5HYLHZ4XHVWLRQ������&RPSOHWLRQ�LV�5(48,5('��3OHDVH�VHOHFW�RQO\�21(�UHVSRQVH�'RHV�WKH�UHFRYHU\�SODQ�LGHQWLI\�PHDQV�RI�WUDQVSRUWDWLRQ�IRU�SHUVRQQHO�DQG�RWKHU�FULWLFDO�UHVRXUFHV��VKRXOGWKH\�VWLOO�EH�DYDLODEOH"

<HV1R3HUVRQQHO�2QO\2WKHU�5HVRXUFHV�2QO\1RW�$SSOLFDEOH4XHVWLRQ������&RPSOHWLRQ�LV�5(48,5('��3OHDVH�VHOHFW�RQO\�21(�UHVSRQVH�7KH�QH[W�IHZ�TXHVWLRQV�UHODWH�WR�WKH�UHFRYHU\�ORFDWLRQ�LWVHOI��$UH�\RX�UHDG\�WR�SURFHHG"

<HV4XHVWLRQ������&RPSOHWLRQ�LV�5(48,5('��3OHDVH�VHOHFW�RQO\�21(�UHVSRQVH�+RZ�IDU�IURP�WKH�SULPH�VLWH�LV�WKH�UHFRYHU\�ORFDWLRQ"

/HVV�7KDQ���0LOHV *R�WR�TXHVWLRQ�����7R���0LOHV *R�WR�TXHVWLRQ�����7R����0LOHV *R�WR�TXHVWLRQ������7R����0LOHV *R�WR�TXHVWLRQ���0RUH�7KDQ����0LOHV4XHVWLRQ������&RPSOHWLRQ�LV�5(48,5('��3OHDVH�VHOHFW�RQO\�21(�UHVSRQVH�,V�DGHTXDWH�SHUVRQQHO�DFFRPPRGDWLRQ�DYDLODEOH�DW�WKH�UHFRYHU\�ORFDWLRQ�DQG�KDV�LW�EHHQ�IXOO\�FRVWHG"

<HV<HV��%XW�1RW�)XOO\�&RVWHG1R1RW�$SSOLFDEOH3DJH����RI���

Page 13: $XGLW 4XHVWLRQQDLUH - Information · PDF file&rqwlqjhqf\$xglw 4xhvwlrqqdluh 7klv txhvwlrqqdluhfrpsulvhvtxhvwlrq prgxohvwr frqvlghuwkhiroorzlqj˛,7 ,qiudvwuxfwxuh &rqwlqjhqf\ $ssolfdwlrq%dfn8s3udfwlfhv

'LVDVWHU�5HFRYHU\�7RRONLW4XHVWLRQQDLUH��,7�&2171*(1&<����,7�,QIUDVWUXFWXUH�&RQWLQJHQF\�5HYLHZ4XHVWLRQ������&RPSOHWLRQ�LV�237,21$/��DQG�PRUH�WKDQ�RQH�UHVSRQVH�PD\�EH�VHOHFWHG�'RHV�WKH�UHFRYHU\�ORFDWLRQ�127�KDYH�DGHTXDWH�

&RPPXQLFDWLRQV(QYLURQPHQWDO�6\VWHPV6SDFH3RZHU�6XSSO\7UDQVSRUWDWLRQ�/LQNV4XHVWLRQ������&RPSOHWLRQ�LV�5(48,5('��3OHDVH�VHOHFW�RQO\�21(�UHVSRQVH�+DYH�ERWK�3K\VLFDO�$FFHVV�DQG�+D]DUG��ILUH��IORRG��HWF��FRQWUROV�IRU�WKH�UHFRYHU\�ORFDWLRQ�EHHQ�IXOO\FRQVLGHUHG�DQG�SODQQHG�IRU"

<HV1R3K\VLFDO�$FFHVV�2QO\+D]DUG�&RQWUROV�2QO\4XHVWLRQ������&RPSOHWLRQ�LV�5(48,5('��3OHDVH�VHOHFW�RQO\�21(�UHVSRQVH�$UH�RII�VLWH�EDFN�XS�ILOHV��SURJUDPV��GRFXPHQWDWLRQ�DQG�RSHUDWLQJ�LQVWUXFWLRQV�VWRUHG�VR�DV�WR�SUHYHQWXQDXWKRULVHG�DFFHVV�DQG�KD]DUG�GDPDJH��ILUH��HWF�"

8QDXWKRULVHG�$FFHVV�2QO\+D]DUG�'DPDJH�2QO\%RWK�$FFHVV�$QG�'DPDJH1HLWKHU�$FFHVV�1RU�'DPDJH

3DJH����RI���

Page 14: $XGLW 4XHVWLRQQDLUH - Information · PDF file&rqwlqjhqf\$xglw 4xhvwlrqqdluh 7klv txhvwlrqqdluhfrpsulvhvtxhvwlrq prgxohvwr frqvlghuwkhiroorzlqj˛,7 ,qiudvwuxfwxuh &rqwlqjhqf\ $ssolfdwlrq%dfn8s3udfwlfhv

'LVDVWHU�5HFRYHU\�7RRONLW4XHVWLRQQDLUH��,7�&2171*(1&<����,7�,QIUDVWUXFWXUH�&RQWLQJHQF\�5HYLHZ4XHVWLRQ������&RPSOHWLRQ�LV�5(48,5('��3OHDVH�VHOHFW�RQO\�21(�UHVSRQVH�,V�WKH�RII�VLWH�ORFDWLRQ�DYDLODEOH�YLD�DQ�RXWVLGH�RUJDQLVDWLRQ"

<HV���5HFLSURFLW\�$UUDQJHPHQW<HV���&RQWLQJHQF\�9HQGRU *R�WR�TXHVWLRQ���<HV���2WKHU *R�WR�TXHVWLRQ���1R *R�WR�TXHVWLRQ���4XHVWLRQ������&RPSOHWLRQ�LV�5(48,5('��3OHDVH�VHOHFW�RQO\�21(�UHVSRQVH�+DYH�WHVWV�EHHQ�SHUIRUPHG�WR�HQVXUH�WKDW�SURFHVVLQJ�IRU�WKH�RWKHU�RUJDQLVDWLRQ�ZRXOG�QRW�FDXVH�RSHUDWLRQDOGLIILFXOWLHV"127(���,Q�RWKHU�ZRUGV��KDYH�FKHFNV�EHHQ�PDGH�WR�HQVXUH�WKDW�WKHUH�LV�VXIILFLHQW�FDSDFLW\�WR�DFWXDOO\�WDNHWKHZRUNORDG�RI�WKH�RWKHU�RUJDQL]DWLRQ��LQ�WHUPV�RI�VSDFH��FRPSXWHU�SRZHU��WLPH��HWF�"<HV1R4XHVWLRQ������&RPSOHWLRQ�LV�5(48,5('��3OHDVH�VHOHFW�RQO\�21(�UHVSRQVH�,V�WKH�FRQWLQJHQF\�DJUHHPHQW�FRQWUDFWXDOO\�ELQGLQJ�RQ�WKH�RWKHU�SDUW\"

<HV1R4XHVWLRQ������&RPSOHWLRQ�LV�5(48,5('��3OHDVH�VHOHFW�RQO\�21(�UHVSRQVH�7KH�QH[W�IHZ�TXHVWLRQV�FRYHU�JHQHUDO�FRQWLQJHQF\�DQG�UHFRYHU\�LVVXHV��$UH�\RX�UHDG\�WR�SURFHHG"

<HV

3DJH����RI���

Page 15: $XGLW 4XHVWLRQQDLUH - Information · PDF file&rqwlqjhqf\$xglw 4xhvwlrqqdluh 7klv txhvwlrqqdluhfrpsulvhvtxhvwlrq prgxohvwr frqvlghuwkhiroorzlqj˛,7 ,qiudvwuxfwxuh &rqwlqjhqf\ $ssolfdwlrq%dfn8s3udfwlfhv

'LVDVWHU�5HFRYHU\�7RRONLW4XHVWLRQQDLUH��,7�&2171*(1&<����,7�,QIUDVWUXFWXUH�&RQWLQJHQF\�5HYLHZ4XHVWLRQ������&RPSOHWLRQ�LV�5(48,5('��3OHDVH�VHOHFW�RQO\�21(�UHVSRQVH�$UH�DSSURSULDWH�VWDII�DZDUH�RI�WKH�ORFDWLRQ�RI�RII�VLWH�GRFXPHQWDWLRQ��RSHUDWLQJ�LQVWUXFWLRQV�DQG�WKHUHFRYHU\�SODQ"

<HV1R1RW�$SSOLFDEOH4XHVWLRQ������&RPSOHWLRQ�LV�5(48,5('��3OHDVH�VHOHFW�RQO\�21(�UHVSRQVH�+DYH�GHWDLOV�RI�HTXLSPHQW�UHSODFHPHQW�EHHQ�IRUPXODWHG��LQFOXGLQJ�FRVWV��ERWK�XQLW�DQG�WRWDO��DQG�XQLWUHSODFHPHQW�WLPH"

<HV1R1RW�,QFOXGLQJ�&RVWV1RW�,QFOXGLQJ�7LPH4XHVWLRQ������&RPSOHWLRQ�LV�5(48,5('��3OHDVH�VHOHFW�RQO\�21(�UHVSRQVH�$UH�OHJDOO\�ELQGLQJ�DJUHHPHQWV�LQ�SODFH�ZLWK�YHQGRUV�UHJDUGLQJ�KDUGZDUH�VXSSRUW�IRU�FULWLFDO�HTXLSPHQW�LQFOXGLQJ�JXDUDQWHHV�RQ�UHVSRQVH�WLPH�"

<HV1R1RW�$SSOLFDEOH4XHVWLRQ������&RPSOHWLRQ�LV�5(48,5('��3OHDVH�VHOHFW�RQO\�21(�UHVSRQVH�+DYH�DSSURSULDWH�UHVWRUDWLRQ�VSHFLDOLVWV�EHHQ�LGHQWLILHG��IRU�GDPDJHG�GRFXPHQWV��PHGLD��HWF�"

<HV1R

3DJH����RI���

Page 16: $XGLW 4XHVWLRQQDLUH - Information · PDF file&rqwlqjhqf\$xglw 4xhvwlrqqdluh 7klv txhvwlrqqdluhfrpsulvhvtxhvwlrq prgxohvwr frqvlghuwkhiroorzlqj˛,7 ,qiudvwuxfwxuh &rqwlqjhqf\ $ssolfdwlrq%dfn8s3udfwlfhv

'LVDVWHU�5HFRYHU\�7RRONLW4XHVWLRQQDLUH��,7�&2171*(1&<����,7�,QIUDVWUXFWXUH�&RQWLQJHQF\�5HYLHZ4XHVWLRQ������&RPSOHWLRQ�LV�5(48,5('��3OHDVH�VHOHFW�RQO\�21(�UHVSRQVH�:KHUH�SRVVLEOH�DQG�DSSURSULDWH��KDYH�DOWHUQDWLYH�VXSSOLHUV�YHQGRUV�RI�VRIWZDUH�DQG�KDUGZDUH�EHHQLGHQWLILHG"

<HV1R1RW�$SSOLFDEOH4XHVWLRQ������&RPSOHWLRQ�LV�237,21$/��DQG�PRUH�WKDQ�RQH�UHVSRQVH�PD\�EH�VHOHFWHG�$UH�EDFN�XS�FRSLHV�RI�DQ\�RI�WKH�IROORZLQJ�RSHUDWLQJ�LQVWUXFWLRQV�127�VWRUHG�VHFXUHO\�RII�VLWH"�,QGLFDWHRQO\�ZKHUH�DSSOLFDEOH�

+DUGZDUH2S�6\VWHP�&RPSRQHQW�6RIWZDUH1HWZRUN�&RPPV�(TXLSPHQW6RIWZDUH�$SSOLFDWLRQV

3DJH����RI���

Page 17: $XGLW 4XHVWLRQQDLUH - Information · PDF file&rqwlqjhqf\$xglw 4xhvwlrqqdluh 7klv txhvwlrqqdluhfrpsulvhvtxhvwlrq prgxohvwr frqvlghuwkhiroorzlqj˛,7 ,qiudvwuxfwxuh &rqwlqjhqf\ $ssolfdwlrq%dfn8s3udfwlfhv

'LVDVWHU�5HFRYHU\�7RRONLW

,QWURGXFWLRQ7KLV�TXHVWLRQQDLUH�LV�GHVLJQHG�WR�DVVHVV�WKH�EDFN�XS�SUDFWLFHV�DQG�SURFHGXUHV�DW�DSSOLFDWLRQ�OHYHO�

$SSOLFDWLRQ�%DFN�8S3UDFWLFHV4XHVWLRQQDLUH��$33�%$&.83�±�$SSOLFDWLRQ�%DFN�XS�3UDFWLFHV

3DJH���RI��

Page 18: $XGLW 4XHVWLRQQDLUH - Information · PDF file&rqwlqjhqf\$xglw 4xhvwlrqqdluh 7klv txhvwlrqqdluhfrpsulvhvtxhvwlrq prgxohvwr frqvlghuwkhiroorzlqj˛,7 ,qiudvwuxfwxuh &rqwlqjhqf\ $ssolfdwlrq%dfn8s3udfwlfhv

'LVDVWHU�5HFRYHU\�7RRONLW4XHVWLRQQDLUH��$33�%$&.83�±�$SSOLFDWLRQ�%DFN�XS�3UDFWLFHV4XHVWLRQ�����&RPSOHWLRQ�LV�5(48,5('��3OHDVH�VHOHFW�RQO\�21(�UHVSRQVH�7KH�IROORZLQJ�TXHVWLRQV�FRYHU�EDFN�XS�SURFHGXUHV�DQG�SUDFWLFHV�DW�WKH�$SSOLFDWLRQ�OHYHO��$UH�\RX�UHDG\�WRSURFHHG"

<HV4XHVWLRQ�����&RPSOHWLRQ�LV�5(48,5('��3OHDVH�VHOHFW�RQO\�21(�UHVSRQVH�$UH�EDFN�XS�FRSLHV�RI�DSSOLFDWLRQ�SURJUDPV�UHJXODUO\�WDNHQ�DQG�NHSW"

1R *R�WR�TXHVWLRQ��<HV���.HSW�2Q�6LWH *R�WR�TXHVWLRQ��<HV���.HSW�2II�6LWH<HV���.HSW�2Q�$QG�2II�6LWH4XHVWLRQ�����&RPSOHWLRQ�LV�5(48,5('��3OHDVH�VHOHFW�RQO\�21(�UHVSRQVH�,I�WKHUH�LV�D�FKDQJH�FRQWURO�SURFHGXUH�IRU�DSSOLFDWLRQ�VRIWZDUH��LV�XSGDWH�RI�RII�VLWH�KHOG�SURJUDPV�LQFOXGHGLQ�LW"

<HV1R1R�&KDQJH�&RQWURO�3URFHGXUH4XHVWLRQ�����&RPSOHWLRQ�LV�5(48,5('��3OHDVH�VHOHFW�RQO\�21(�UHVSRQVH�:KHQ�DQ�HPHUJHQF\�DPHQGPHQW�LV�PDGH�WR�DSSOLFDWLRQ�VRIWZDUH��LV�LW�VXEVHTXHQWO\�DSSOLHG�WR�WKH�RII�VLWHFRS\��HLWKHU�GLUHFWO\�RU�YLD�D�VSHFLILF�FRS\�RSHUDWLRQ�"

<HV1R1RW�$SSOLFDEOH

3DJH���RI��

Page 19: $XGLW 4XHVWLRQQDLUH - Information · PDF file&rqwlqjhqf\$xglw 4xhvwlrqqdluh 7klv txhvwlrqqdluhfrpsulvhvtxhvwlrq prgxohvwr frqvlghuwkhiroorzlqj˛,7 ,qiudvwuxfwxuh &rqwlqjhqf\ $ssolfdwlrq%dfn8s3udfwlfhv

'LVDVWHU�5HFRYHU\�7RRONLW4XHVWLRQQDLUH��$33�%$&.83�±�$SSOLFDWLRQ�%DFN�XS�3UDFWLFHV4XHVWLRQ�����&RPSOHWLRQ�LV�5(48,5('��3OHDVH�VHOHFW�RQO\�21(�UHVSRQVH�$UH�EDFN�XS�FRSLHV�RI�VSHFLDO�VWDWLRQHU\��LI�XVHG��NHSW�RII�VLWH"

1R<HV1RW�$SSOLFDEOH4XHVWLRQ�����&RPSOHWLRQ�LV�5(48,5('��3OHDVH�VHOHFW�RQO\�21(�UHVSRQVH�$UH�EDFN�XS�FRSLHV�RI�DSSOLFDWLRQ�GRFXPHQWDWLRQ�DQG�RSHUDWLQJ�LQVWUXFWLRQV�NHSW"

1R<HV���.HSW�2Q�6LWH<HV���.HSW�2II�6LWH<HV���.HSW�2Q�$QG�2II�6LWH1RW�$SSOLFDEOH4XHVWLRQ�����&RPSOHWLRQ�LV�5(48,5('��3OHDVH�VHOHFW�RQO\�21(�UHVSRQVH�$UH�EDFN�XS�FRSLHV�RI�GDWD�UHJXODUO\�WDNHQ�DQG�NHSW"

1R *R�WR�TXHVWLRQ��<HV���.HSW�2Q�6LWH<HV���.HSW�2II�6LWH<HV���.HSW�2Q�$QG�2II�6LWH1RW�$SSOLFDEOH

3DJH���RI��

Page 20: $XGLW 4XHVWLRQQDLUH - Information · PDF file&rqwlqjhqf\$xglw 4xhvwlrqqdluh 7klv txhvwlrqqdluhfrpsulvhvtxhvwlrq prgxohvwr frqvlghuwkhiroorzlqj˛,7 ,qiudvwuxfwxuh &rqwlqjhqf\ $ssolfdwlrq%dfn8s3udfwlfhv

'LVDVWHU�5HFRYHU\�7RRONLW4XHVWLRQQDLUH��$33�%$&.83�±�$SSOLFDWLRQ�%DFN�XS�3UDFWLFHV4XHVWLRQ�����&RPSOHWLRQ�LV�5(48,5('��3OHDVH�VHOHFW�RQO\�21(�UHVSRQVH�+RZ�PDQ\�JHQHUDWLRQV�RI�EDFN�XS�GDWD�DUH�NHSW"

2QH7ZR7KUHH�2U�0RUH4XHVWLRQ�����&RPSOHWLRQ�LV�237,21$/��DQG�PRUH�WKDQ�RQH�UHVSRQVH�PD\�EH�VHOHFWHG�'HWDLOV�RI�ZKLFK�RI�WKH�IROORZLQJ�DUH�127�VWRUHG�RII�VLWH"�6HOHFW�RQO\�WKRVH�WKDW�DUH�DSSOLFDEOH�DQG�XQLTXHWR�WKLV�DSSOLFDWLRQ�EXVLQHVV�V\VWHP��HJ��QRW�PXOWL�DSSOLFDWLRQ�VRIWZDUH�KDUGZDUH��

+DUGZDUH�6XSSOLHUV6RIWZDUH�6XSSOLHUV3HUVRQQHO��$QG�$GGUHVVHV�4XHVWLRQ������&RPSOHWLRQ�LV�5(48,5('��3OHDVH�VHOHFW�RQO\�21(�UHVSRQVH�$UH�RQVLWH�EDFN�XS�ILOHV��SURJUDPV��GRFXPHQWDWLRQ�DQG�RSHUDWLQJ�LQVWUXFWLRQV�VWRUHG�VR�DV�WR�SUHYHQWXQDXWKRULVHG�DFFHVV�DQG�KD]DUG�GDPDJH��ILUH��HWF�"

8QDXWKRULVHG�$FFHVV�2QO\+D]DUG�'DPDJH�2QO\%RWK�$FFHVV�$QG�'DPDJH1HLWKHU�$FFHVV�1RU�'DPDJH4XHVWLRQ������&RPSOHWLRQ�LV�237,21$/��DQG�PRUH�WKDQ�RQH�UHVSRQVH�PD\�EH�VHOHFWHG�:KHUH�WKHUH�LV�WRWDO�GHSHQGHQFH��DUH�WKHUH�DGGLWLRQDO�RU�HDVLO\�WUDQVIHUDEOH�KDUGZDUH�FRPSRQHQWV��HJ�WHUPLQDOV��FRQWUROOHUV��GULYHV��HWF��DYDLODEOH"�,QGLFDWH�RQO\�LI�DSSOLFDEOH��LH��WKH�GHYLFHV�DUH�XVHG�DQG�WKHUH�LVGHSHQGHQFH��<HV1R1RW�$SSOLFDEOH

3DJH���RI��

'LVDVWHU�5HFRYHU\�7RRONLW

Page 21: $XGLW 4XHVWLRQQDLUH - Information · PDF file&rqwlqjhqf\$xglw 4xhvwlrqqdluh 7klv txhvwlrqqdluhfrpsulvhvtxhvwlrq prgxohvwr frqvlghuwkhiroorzlqj˛,7 ,qiudvwuxfwxuh &rqwlqjhqf\ $ssolfdwlrq%dfn8s3udfwlfhv

'LVDVWHU�5HFRYHU\�7RRONLW

,QWURGXFWLRQ7KLV�TXHVWLRQQDLUH�LV�GHVLJQHG�WR�DVVHVV�WKH�FRQWLQJHQF\�VWDWXV�RI�VSHFLILF�DSSOLFDWLRQV�

6SHFLILF�$SSOLFDWLRQ&RQWLQJHQF\4XHVWLRQQDLUH��$33/,&$7,21���6SHFLILF�$SSOLFDWLRQ�&RQWLQJHQF\

3DJH���RI��

Page 22: $XGLW 4XHVWLRQQDLUH - Information · PDF file&rqwlqjhqf\$xglw 4xhvwlrqqdluh 7klv txhvwlrqqdluhfrpsulvhvtxhvwlrq prgxohvwr frqvlghuwkhiroorzlqj˛,7 ,qiudvwuxfwxuh &rqwlqjhqf\ $ssolfdwlrq%dfn8s3udfwlfhv

'LVDVWHU�5HFRYHU\�7RRONLW4XHVWLRQQDLUH��$33/,&$7,21���6SHFLILF�$SSOLFDWLRQ�&RQWLQJHQF\4XHVWLRQ�����&RPSOHWLRQ�LV�5(48,5('��3OHDVH�VHOHFW�RQO\�21(�UHVSRQVH�7KH�QH[W�IHZ�TXHVWLRQV�UHODWHG�WR�FRQWLQJHQF\�DQG�UHFRYHU\�RI�WKLV�63(&,),&�DSSOLFDWLRQ��DV�RSSRVHG�WRWKH�DSSOLFDWLRQV�JHQHULFDOO\���$UH�\RX�UHDG\�WR�SURFHHG"

<HV4XHVWLRQ�����&RPSOHWLRQ�LV�5(48,5('��3OHDVH�VHOHFW�RQO\�21(�UHVSRQVH�,V�WKH�IUHTXHQF\�RI�GDWD�FRS\��IRU�EDFN�XS��SDUWLDOO\�RU�IXOO\�GHWHUPLQHG�E\�WKH�UHFRYHU\�FDSDELOLWLHV�RI�WKHDSSOLFDWLRQ"

<HV

3DUWLDOO\)XOO\1R�'DWD�%DFN�8S4XHVWLRQ�����&RPSOHWLRQ�LV�237,21$/��DQG�PRUH�WKDQ�RQH�UHVSRQVH�PD\�EH�VHOHFWHG�:KLFK�RI�WKH�IROORZLQJ�PLQLPXP�UHTXLUHPHQWV�GRHV�DSSOLFDWLRQ�UHFRYHU\�GRFXPHQWDWLRQ�127�LQFOXGHGHWDLOV�RI"�,QGLFDWH�RQO\�ZKHUH�DFWXDOO\�DSSOLFDEOH�

+DUGZDUH�&RQILJXDUWLRQ6RIWZDUH�&RQILJXUDWLRQ3HUVRQQHO�5HTXLUHPHQWV6WRUDJH�5HTXLUHPHQWV6SHFLDO�5HTXLUHPHQWV1R�6XFK�'RFXPHQWDWLRQ4XHVWLRQ�����&RPSOHWLRQ�LV�5(48,5('��3OHDVH�VHOHFW�RQO\�21(�UHVSRQVH�,V�WKHUH�D�PHFKDQLVP�LQ�SODFH��VXFK�DV�D�FKHFNSRLQW�GDWDVHW�DQG�UHVWDUW��WR�DLG�UHFRYHU\�LQ�FDVH�RI�V\VWHPIDLOXUH�GXULQJ�ILOH�SURFHVVLQJ"

<HV1R1RW�$SSOLFDEOH

3DJH���RI��

Page 23: $XGLW 4XHVWLRQQDLUH - Information · PDF file&rqwlqjhqf\$xglw 4xhvwlrqqdluh 7klv txhvwlrqqdluhfrpsulvhvtxhvwlrq prgxohvwr frqvlghuwkhiroorzlqj˛,7 ,qiudvwuxfwxuh &rqwlqjhqf\ $ssolfdwlrq%dfn8s3udfwlfhv

'LVDVWHU�5HFRYHU\�7RRONLW4XHVWLRQQDLUH��$33/,&$7,21���6SHFLILF�$SSOLFDWLRQ�&RQWLQJHQF\4XHVWLRQ�����&RPSOHWLRQ�LV�5(48,5('��3OHDVH�VHOHFW�RQO\�21(�UHVSRQVH�,I�GDWD�LV�LQSXW�PDQXDOO\��IURP�IRUPV�UHFRUGV�FDUGV��HWF���DUH�WKHVH�UHWDLQHG"

<HV1R1RW�$SSOLFDEOH4XHVWLRQ�����&RPSOHWLRQ�LV�5(48,5('��3OHDVH�VHOHFW�RQO\�21(�UHVSRQVH�:KHUH�ODUJH�YROXPHV�RI�GDWD�DUH�PDQXDOO\�LQSXW��DUH�XVHUV�LQVWUXFWHG�WR�SHULRGLFDOO\�SHUIRUP�D�VDYH��ZULWHWR�ILOH��WR�SUHYHQW�ORVV�LQ�FDVH�RI�VXGGHQ�RXWDJH"

<HV1R$XWRPDWLF�6DYH�1RW�$SSOLFDEOH4XHVWLRQ�����&RPSOHWLRQ�LV�5(48,5('��3OHDVH�VHOHFW�RQO\�21(�UHVSRQVH�$UH�DSSOLFDWLRQ�OHYHO�FRQWLQJHQF\�SURFHGXUHV�DQG�VDIHJXDUGV�WHVWHG�DQG�SURYHQ�

5HJXODUO\�)UHTXHQWO\3HULRGLFDOO\6HOGRP1HYHU1RW�$SSOLFDEOH4XHVWLRQ�����&RPSOHWLRQ�LV�5(48,5('��3OHDVH�VHOHFW�RQO\�21(�UHVSRQVH�,I�D�VSHFLDO�SURJUDP�LV�UHTXLUHG�WR�HQDEOH�EDFN�XS�YHUVLRQV�RI�ILOHV�WR�EH�XVHG��HJ��WR�E\SDVV�RQ�JRLQJFRQWURO�FRXQWV���LV�LW�DOVR�EDFNHG�XS�LWVHOI"

<HV1R1RW�5HTXLUHG���1RW�$SSOLFDEOH

3DJH���RI��

Page 24: $XGLW 4XHVWLRQQDLUH - Information · PDF file&rqwlqjhqf\$xglw 4xhvwlrqqdluh 7klv txhvwlrqqdluhfrpsulvhvtxhvwlrq prgxohvwr frqvlghuwkhiroorzlqj˛,7 ,qiudvwuxfwxuh &rqwlqjhqf\ $ssolfdwlrq%dfn8s3udfwlfhv

',6$67(5�5(&29(5<�$8',7

,QWURGXFWLRQ7KLV�TXHVWLRQQDLUH�LV�GHVLJQHG�WR�DVVHVV�WKH�FRQWLQJHQF\�VWDWXV�RI�WKH�DSSOLFDWLRQ�LQIUDVWUXFWXUH�JHQHULFDOO\�

*HQHULF�$SSOLFDWLRQ&RQWLQJHQF\4XHVWLRQQDLUH��$33/,&$7,216���*HQHULF�$SSOLFDWLRQ�&RQWLQJHQF\

3DJH���RI���

Page 25: $XGLW 4XHVWLRQQDLUH - Information · PDF file&rqwlqjhqf\$xglw 4xhvwlrqqdluh 7klv txhvwlrqqdluhfrpsulvhvtxhvwlrq prgxohvwr frqvlghuwkhiroorzlqj˛,7 ,qiudvwuxfwxuh &rqwlqjhqf\ $ssolfdwlrq%dfn8s3udfwlfhv

',6$67(5�5(&29(5<�$8',7',6$67(5�5(&29(5<�$8',7

3DJH���RI��

',6$67(5�5(&29(5<�$8',74XHVWLRQQDLUH��$33/,&$7,216���*HQHULF�$SSOLFDWLRQ�&RQWLQJHQF\4XHVWLRQ�����&RPSOHWLRQ�LV�5(48,5('�H� W� \� (�7KH�QH[W�IHZ�TXHVWLRQV�UHODWHG�WR�WKH�UHFRYHU\�DQG�FRQWLQJHQF\�RI�WKH�DSSOLFDWLRQV�H[HFXWLQJ�RQ�WKHV\VWHP��$UH�\RX�UHDG\�WR�SURFHHG"<HV4XHVWLRQ�����&RPSOHWLRQ�LV�5(48,5('��3OHDVH�VHOHFW�RQO\�21(�UHVSRQVH�+DYH�DOO�DSSOLFDWLRQV�EHHQ�SULRULWL]HG�WR�HQDEOH�WKH�PRVW�FULWLFDO�WR�EH�UHFRYHUHG�ILUVW"�+DYHLQWHU�GHSHQGHQFLHV�DQG�VHTXHQFH�FRQVWUDLQWV�EHHQ�FRQVLGHUHG"127(���,Q�RWKHU�ZRUGV��KDV�WKH�RUGHU�RI�UHFRYHU\�RI�WKH�GLIIHUHQW�DSSOLFDWLRQV�EHHQ�GHWHUPLQHG�DQG�KDYHSURFHVVLQJ�GHSHQGHQFLHV�EHHQ�IXOO\�WDNHQ�LQWR�DFFRXQW�

<HV<HV��%XW�1RW�6HTXHQFHG1R1RW�$SSOLFDEOH4XHVWLRQ�����&RPSOHWLRQ�LV�5(48,5('��3OHDVH�VHOHFW�RQO\�21(�UHVSRQVH�,V�WKH�IUHTXHQF\�RI�GDWD�FRS\��IRU�EDFN�XS��SDUWLDOO\�RU�IXOO\�GHWHUPLQHG�E\�WKH�UHFRYHU\�FDSDELOLWLHV�RI�WKHDSSOLFDWLRQ�V�"

1R3DUWLDOO\)XOO\1R�'DWD�%DFN�8S

3DJH���RI��

Page 26: $XGLW 4XHVWLRQQDLUH - Information · PDF file&rqwlqjhqf\$xglw 4xhvwlrqqdluh 7klv txhvwlrqqdluhfrpsulvhvtxhvwlrq prgxohvwr frqvlghuwkhiroorzlqj˛,7 ,qiudvwuxfwxuh &rqwlqjhqf\ $ssolfdwlrq%dfn8s3udfwlfhv

',6$67(5�5(&29(5<�$8',74XHVWLRQQDLUH��$33/,&$7,216���*HQHULF�$SSOLFDWLRQ�&RQWLQJHQF\4XHVWLRQ�����&RPSOHWLRQ�LV�237,21$/��DQG�PRUH�WKDQ�RQH�UHVSRQVH�PD\�EH�VHOHFWHG�:KLFK�RI�WKH�IROORZLQJ�PLQLPXP�UHTXLUHPHQWV�GRHV�DSSOLFDWLRQ�UHFRYHU\�GRFXPHQWDWLRQ�127�LQFOXGHGHWDLOV�RI"�,QGLFDWH�RQO\�ZKHUH�DFWXDOO\�DSSOLFDEOH�

+DUGZDUH�&RQILJXUDWLRQ6RIWZDUH�&RQILJXUDWLRQ3HUVRQQHO�5HTXLUHPHQWV6WRUDJH�5HTXLUHPHQWV6SHFLDO�5HTXLUHPHQWV1R�6XFK�'RFXPHQWDWLRQ4XHVWLRQ�����&RPSOHWLRQ�LV�5(48,5('��3OHDVH�VHOHFW�RQO\�21(�UHVSRQVH�,V�WKHUH�D�VSHFLILF�PHFKDQLVP�LQ�SODFH��VXFK�DV�D�FKHFNSRLQW�GDWDVHW�DQG�UHVWDUW��WR�DLG�UHFRYHU\�LQ�FDVH�RIV\VWHP�IDLOXUH�GXULQJ�ILOH�SURFHVVLQJ"<HV1R1RW�$SSOLFDEOH4XHVWLRQ�����&RPSOHWLRQ�LV�5(48,5('��3OHDVH�VHOHFW�RQO\�21(�UHVSRQVH�,I�GDWD�LV�LQSXW�PDQXDOO\��IURP�IRUPV�UHFRUGV�FDUGV��HWF���DUH�WKHVH�UHWDLQHG"<HV1R1RW�$SSOLFDEOH

4XHVWLRQ�����&RPSOHWLRQ�LV�5(48,5('��3OHDVH�VHOHFW�RQO\�21(�UHVSRQVH�:KHUH�ODUJH�YROXPHV�RI�GDWD�DUH�PDQXDOO\�LQSXW��DUH�XVHUV�LQVWUXFWHG�WR�SHULRGLFDOO\�SHUIRUP�D�VDYH��ZULWHWR�ILOH��WR�SUHYHQW�ORVV�LQ�FDVH�RI�VXGGHQ�RXWDJH"<HV1R$XWRPDWLF�6DYH�1RW�$SSOLFDEOH

3DJH���RI��

Page 27: $XGLW 4XHVWLRQQDLUH - Information · PDF file&rqwlqjhqf\$xglw 4xhvwlrqqdluh 7klv txhvwlrqqdluhfrpsulvhvtxhvwlrq prgxohvwr frqvlghuwkhiroorzlqj˛,7 ,qiudvwuxfwxuh &rqwlqjhqf\ $ssolfdwlrq%dfn8s3udfwlfhv

',6$67(5�5(&29(5<�$8',74XHVWLRQQDLUH��$33/,&$7,216���*HQHULF�$SSOLFDWLRQ�&RQWLQJHQF\4XHVWLRQ�����&RPSOHWLRQ�LV�5(48,5('��3OHDVH�VHOHFW�RQO\�21(�UHVSRQVH�$UH�DSSOLFDWLRQ�OHYHO�FRQWLQJHQF\�SURFHGXUHV�DQG�VDIHJXDUGV�WHVWHG�DQG�SURYHQ�

5HJXODUO\�)UHTXHQWO\3HULRGLFDOO\6HOGRP1HYHU1RW�$SSOLFDEOH4XHVWLRQ�����&RPSOHWLRQ�LV�5(48,5('��3OHDVH�VHOHFW�RQO\�21(�UHVSRQVH�,I�D�VSHFLDO�SURJUDP�LV�UHTXLUHG�WR�HQDEOH�EDFN�XS�YHUVLRQV�RI�ILOHV�WR�EH�XVHG��HJ��WR�E\SDVV�RQ�JRLQJFRQWURO�FRXQWV���LV�LW�DOVR�EDFNHG�XS�LWVHOI"<HV1R1RW�$SSOLFDEOH���1RW�5HTXLUHG

3DJH���RI��

',6$67(5�5(&29(5<�$8',7

Page 28: $XGLW 4XHVWLRQQDLUH - Information · PDF file&rqwlqjhqf\$xglw 4xhvwlrqqdluh 7klv txhvwlrqqdluhfrpsulvhvtxhvwlrq prgxohvwr frqvlghuwkhiroorzlqj˛,7 ,qiudvwuxfwxuh &rqwlqjhqf\ $ssolfdwlrq%dfn8s3udfwlfhv

',6$67(5�5(&29(5<�$8',7

,QWURGXFWLRQ7KLV�TXHVWLRQQDLUH�LV�GHVLJQHG�WR�DVVHVV�WKH�FRQWLQJHQF\�VWDWXV�RI�WKH�QHWZRUN�

1HWZRUN&RQWLQJHQF\4XHVWLRQQDLUH��1(7:25.�±�1HWZRUN�&RQWLQJHQF\�$UUDQJHPHQWV

3DJH���RI��

Page 29: $XGLW 4XHVWLRQQDLUH - Information · PDF file&rqwlqjhqf\$xglw 4xhvwlrqqdluh 7klv txhvwlrqqdluhfrpsulvhvtxhvwlrq prgxohvwr frqvlghuwkhiroorzlqj˛,7 ,qiudvwuxfwxuh &rqwlqjhqf\ $ssolfdwlrq%dfn8s3udfwlfhv

',6$67(5�5(&29(5<�$8',74XHVWLRQQDLUH��1(7:25.�±�1HWZRUN�&RQWLQJHQF\�$UUDQJHPHQWV4XHVWLRQ�����&RPSOHWLRQ�LV�5(48,5('7KH�QH[W�IHZ�TXHVWLRQV�UHODWH�WR�QHWZRUN�FRQWLQJHQF\�LVVXHV��+DYH�\RX�IDPLOLDUL]HG�\RXUVHOI�ZLWKWKHVH�PDWWHUV�"

<HV4XHVWLRQ�����&RPSOHWLRQ�LV�5(48,5('��3OHDVH�VHOHFW�RQO\�21(�UHVSRQVH�,V�WKH�UHFRYHU\�RI�FRPPXQLFDWLRQV�QHWZRUN�LQFOXGHG�LQ�WKH�IRUPDO�UHFRYHU\�SODQ"

<HV1R1R�5HFRYHU\�3ODQ�,Q�3ODFH4XHVWLRQ�����&RPSOHWLRQ�LV�5(48,5('��3OHDVH�VHOHFW�RQO\�21(�UHVSRQVH�+DYH�WKH�PLQLPXP�QHWZRUN�UHTXLUHPHQWV��LQ�WHUPV�RI�DYDLODELOLW\�DQG�SHUIRUPDQFH��EHHQ�GHILQHG"<HV1R

4XHVWLRQ�����&RPSOHWLRQ�LV�237,21$/��DQG�PRUH�WKDQ�RQH�UHVSRQVH�PD\�EH�VHOHFWHG�:KLFK�RI�WKH�IROORZLQJ�KDYH�127�EHHQ�LGHQWLILHG�IRU�WKH�QHWZRUN"

&ULWLFDO�/LQNV&ULWLFDO�(TXLSPHQW&ULWLFDO�6RIWZDUH

3DJH���RI��

Page 30: $XGLW 4XHVWLRQQDLUH - Information · PDF file&rqwlqjhqf\$xglw 4xhvwlrqqdluh 7klv txhvwlrqqdluhfrpsulvhvtxhvwlrq prgxohvwr frqvlghuwkhiroorzlqj˛,7 ,qiudvwuxfwxuh &rqwlqjhqf\ $ssolfdwlrq%dfn8s3udfwlfhv

',6$67(5�5(&29(5<�$8',74XHVWLRQQDLUH��1(7:25.�±�1HWZRUN�&RQWLQJHQF\�$UUDQJHPHQWV4XHVWLRQ�����&RPSOHWLRQ�LV�5(48,5('��3OHDVH�VHOHFW�RQH�RU�PRUH�UHVSRQVH�V��:KDW�QHWZRUN�UHFRYHU\�IDFLOLWLHV�DUH�LQ�SODFH"

6SDUH�$GGLWLRQDO�/LQHV$OWHUQDWH�5RXWHV$OWHUQDWH�'LDO�LQ�/RFDWLRQ1RQH�2I�7KHVH *R�WR�TXHVWLRQ��1RW�$SSOLFDEOH4XHVWLRQ�����&RPSOHWLRQ�LV�5(48,5('��3OHDVH�VHOHFW�RQO\�21(�UHVSRQVH�$UH�QHWZRUN�UHFRYHU\�IDFLOLWLHV�WHVWHG�

5HJXODUO\�)UHTXHQWO\3HULRGLFDOO\6HOGRP1HYHU4XHVWLRQ�����&RPSOHWLRQ�LV�5(48,5('��3OHDVH�VHOHFW�RQO\�21(�UHVSRQVH�)RU�FULWLFDO�QHWZRUN�OLQNV��KDV�D�JXDUDQWHHG�UHVSRQVH�WLPH�RU�HPHUJHQF\�OLQN�EHHQ�DUUDQJHG�ZLWK�WKHUHOHYDQW�WHOHFRPPXQLFDWLRQV�HQWHUSULVH�V�"

5HVSRQVH�7LPH(PHUJHQF\�/LQN5HVSRQVH�7LPH�$QG�/LQN1HLWKHU�7LPH�1RU�/LQN1RW�$SSOLFDEOH

3DJH���RI��

Page 31: $XGLW 4XHVWLRQQDLUH - Information · PDF file&rqwlqjhqf\$xglw 4xhvwlrqqdluh 7klv txhvwlrqqdluhfrpsulvhvtxhvwlrq prgxohvwr frqvlghuwkhiroorzlqj˛,7 ,qiudvwuxfwxuh &rqwlqjhqf\ $ssolfdwlrq%dfn8s3udfwlfhv

',6$67(5�5(&29(5<�$8',74XHVWLRQQDLUH��1(7:25.�±�1HWZRUN�&RQWLQJHQF\�$UUDQJHPHQWV4XHVWLRQ�����&RPSOHWLRQ�LV�5(48,5('��3OHDVH�VHOHFW�RQO\�21(�UHVSRQVH�+DV�DQ�DOWHUQDWLYH�QHWZRUN�WHOHFRP�SURYLGHU�EHHQ�LGHQWLILHG��DQG�DUH�WKHUH�DW�OHDVW�VRIW�RU�RXWOLQH�SODQV�LQSODFH�LQ�FDVH�RI�SULPH�QHWZRUN�IDLOXUH"<HV1R1RW�$SSOLFDEOH

3DJH���RI��

Page 32: $XGLW 4XHVWLRQQDLUH - Information · PDF file&rqwlqjhqf\$xglw 4xhvwlrqqdluh 7klv txhvwlrqqdluhfrpsulvhvtxhvwlrq prgxohvwr frqvlghuwkhiroorzlqj˛,7 ,qiudvwuxfwxuh &rqwlqjhqf\ $ssolfdwlrq%dfn8s3udfwlfhv

'LVDVWHU�5HFRYHU\�7RRONLW

,QWURGXFWLRQ7KLV�TXHVWLRQQDLUH�LV�GHVLJQHG�WR�DVVHVV�WKH�EDFN�XS�DQG�FRQWLQJHQF\�VWDWXV�RI�D�3&�RU�VPDOO�/$1LQIUDVWUXFWXUH�

3&��6PDOO�6\VWHP&RQWLQJHQF\4XHVWLRQQDLUH��3&�6<67(0���3&��6PDOO�6\VWHP�&RQWLQJHQF\

3DJH���RI��

Page 33: $XGLW 4XHVWLRQQDLUH - Information · PDF file&rqwlqjhqf\$xglw 4xhvwlrqqdluh 7klv txhvwlrqqdluhfrpsulvhvtxhvwlrq prgxohvwr frqvlghuwkhiroorzlqj˛,7 ,qiudvwuxfwxuh &rqwlqjhqf\ $ssolfdwlrq%dfn8s3udfwlfhv

'LVDVWHU�5HFRYHU\�7RRONLW4XHVWLRQQDLUH��3&�6<67(0���3&��6PDOO�6\VWHP�&RQWLQJHQF\4XHVWLRQ�����&RPSOHWLRQ�LV�5(48,5('��3OHDVH�VHOHFW�RQO\�21(�UHVSRQVH�$UH�DQ\�EDFN�XS�IDFLOLWLHV��IHDWXUHV�RU�SUDFWLFHV�LQ�SODFH�IRU�WKH�'$7$�DQG�62)7:$5(�KHOG�RQ�WKHV\VWHP�EHLQJ�UHYLHZHG�"

<HV1R *R�WR�TXHVWLRQ���4XHVWLRQ�����&RPSOHWLRQ�LV�5(48,5('��3OHDVH�VHOHFW�RQO\�21(�UHVSRQVH�3OHDVH�LGHQWLI\�WKH�W\SH�RI�PHGLD�QRUPDOO\�XVHG�IRU�EDFN�XS�

5HPRYDEOH�+DUG�'LVN *R�WR�TXHVWLRQ��2II�6LWH�7UDQVPLVVLRQ *R�WR�TXHVWLRQ��$QRWKHU�,QWHUQDO�+DUG�'LVN *R�WR�TXHVWLRQ��5HFRUGDEOH�0HGLD��HJ��&'��2WKHU��/$1 *R�WR�TXHVWLRQ��2WKHU *R�WR�TXHVWLRQ��4XHVWLRQ�����&RPSOHWLRQ�LV�5(48,5('��3OHDVH�VHOHFW�RQO\�21(�UHVSRQVH�:KHUH�DSSOLFDEOH��LV�WKH�ZULWH�SURWHFWLRQ�PHFKDQLVP�DOZD\V�VHW�DIWHU�WKH�EDFNXS�WR�WKH�PHGLD�LV�FRPSOHWH"<HV1R1RW�$SSOLFDEOH

3DJH���RI��

Page 34: $XGLW 4XHVWLRQQDLUH - Information · PDF file&rqwlqjhqf\$xglw 4xhvwlrqqdluh 7klv txhvwlrqqdluhfrpsulvhvtxhvwlrq prgxohvwr frqvlghuwkhiroorzlqj˛,7 ,qiudvwuxfwxuh &rqwlqjhqf\ $ssolfdwlrq%dfn8s3udfwlfhv

'LVDVWHU�5HFRYHU\�7RRONLW4XHVWLRQQDLUH��3&�6<67(0���3&��6PDOO�6\VWHP�&RQWLQJHQF\4XHVWLRQ�����&RPSOHWLRQ�LV�5(48,5('��3OHDVH�VHOHFW�RQO\�21(�UHVSRQVH�:KDW�W\SH�RI�EDFNXS�LV�SHUIRUPHG�"

)XOO�%DFNXS�(YHU\�7LPH *R�WR�TXHVWLRQ��3HULRGLF�)XOO�:LWK�,QFUHPHQWDO,QFUHPHQWDO�2QO\1RW�$SSOLFDEOH%DFN�8S�$UHD�LQ�6LWX *R�WR�TXHVWLRQ��4XHVWLRQ�����&RPSOHWLRQ�LV�5(48,5('��3OHDVH�VHOHFW�RQO\�21(�UHVSRQVH�+RZ�IUHTXHQWO\�DUH�LQFUHPHQWDO�EDFNXSV�WDNHQ"

'DLO\:HHNO\)RUWQLJKWO\/HVV�)UHTXHQW�7KDQ�)RUWQLJKWO\4XHVWLRQ�����&RPSOHWLRQ�LV�5(48,5('��3OHDVH�VHOHFW�RQO\�21(�UHVSRQVH�+RZ�IUHTXHQWO\�DUH�)8//�EDFN�XSV�WDNHQ"

'DLO\:HHNO\)RUWQLJKWO\0RQWKO\/HVV�)UHTXHQW�7KDQ�0RQWKO\1HYHU

3DJH���RI��

Page 35: $XGLW 4XHVWLRQQDLUH - Information · PDF file&rqwlqjhqf\$xglw 4xhvwlrqqdluh 7klv txhvwlrqqdluhfrpsulvhvtxhvwlrq prgxohvwr frqvlghuwkhiroorzlqj˛,7 ,qiudvwuxfwxuh &rqwlqjhqf\ $ssolfdwlrq%dfn8s3udfwlfhv

'LVDVWHU�5HFRYHU\�7RRONLW4XHVWLRQQDLUH��3&�6<67(0���3&��6PDOO�6\VWHP�&RQWLQJHQF\4XHVWLRQ�����&RPSOHWLRQ�LV�5(48,5('��3OHDVH�VHOHFW�RQO\�21(�UHVSRQVH�:KLFK�RI�WKH�IROORZLQJ�DUH�QRUPDOO\�EDFNHG�XS��LI�DSSOLFDEOH�"

$SSOLFDWLRQ�XVHU�'DWD6\VWHP�'DWD�SURJUDPV%RWK1HLWKHU4XHVWLRQ�����&RPSOHWLRQ�LV�5(48,5('��3OHDVH�VHOHFW�RQO\�21(�UHVSRQVH�+RZ�PDQ\�EDFN�XS�FRSLHV�DUH�QRUPDOO\�WDNHQ"

��0RUH�7KDQ��4XHVWLRQ�����&RPSOHWLRQ�LV�5(48,5('��3OHDVH�VHOHFW�RQO\�21(�UHVSRQVH�:KHUH�DUH�EDFN�XS�FRSLHV�KHOG"

2Q�VLWH�2QO\2II�VLWH�2QO\%RWK4XHVWLRQ������&RPSOHWLRQ�LV�5(48,5('��3OHDVH�VHOHFW�RQO\�21(�UHVSRQVH�$UH�EDFN�XS�FRSLHV�KHOG�LQ�)LUH�:DWHU�SURRI�VWRUDJH"

)LUH�3URRI�2QO\:DWHU�3URRI�2QO\%RWK1HLWKHU

3DJH���RI��

Page 36: $XGLW 4XHVWLRQQDLUH - Information · PDF file&rqwlqjhqf\$xglw 4xhvwlrqqdluh 7klv txhvwlrqqdluhfrpsulvhvtxhvwlrq prgxohvwr frqvlghuwkhiroorzlqj˛,7 ,qiudvwuxfwxuh &rqwlqjhqf\ $ssolfdwlrq%dfn8s3udfwlfhv

'LVDVWHU�5HFRYHU\�7RRONLW4XHVWLRQQDLUH��3&�6<67(0���3&��6PDOO�6\VWHP�&RQWLQJHQF\4XHVWLRQ������&RPSOHWLRQ�LV�5(48,5('��3OHDVH�VHOHFW�RQO\�21(�UHVSRQVH�+RZ�PDQ\�*(1(5$7,216�RI�WKH�EDFN�XS�DUH�KHOG"

������������2U�0RUH4XHVWLRQ������&RPSOHWLRQ�LV�5(48,5('��3OHDVH�VHOHFW�RQO\�21(�UHVSRQVH�'RHV�WKH�EDFNXS�VRIWZDUH�YHULI\�WKDW�WKH�EDFNXS�LV�XVDEOH��DQG�LV�WKH�YHULILFDWLRQ�IDFLOLW\�XVHG"

<HV<HV���%XW�1RW�8VHG1R1RW�$SSOLFDEOH4XHVWLRQ������&RPSOHWLRQ�LV�5(48,5('��3OHDVH�VHOHFW�RQO\�21(�UHVSRQVH�,V�D�FRS\�RI�WKH�RSHUDWLQJ�V\VWHP�VRIWZDUH�DQG�D�FRS\�RI�WKH�UHVWRUH�XWLOLW\��LI�DSSOLFDEOH��DOVR�NHSW�ZLWK�WKHEDFNXS�PHGLD"<HV1R1RW�$SSOLFDEOH4XHVWLRQ������&RPSOHWLRQ�LV�5(48,5('��3OHDVH�VHOHFW�RQO\�21(�UHVSRQVH�$UH�WKH�PDVWHU�PHGLD�RI�WKH�VRIWZDUH�VWRUHG�LQ�D�VHFXUH�ILUH�SURRI�ORFDWLRQ"<HV1R1RW�$SSOLFDEOH

3DJH���RI��

Page 37: $XGLW 4XHVWLRQQDLUH - Information · PDF file&rqwlqjhqf\$xglw 4xhvwlrqqdluh 7klv txhvwlrqqdluhfrpsulvhvtxhvwlrq prgxohvwr frqvlghuwkhiroorzlqj˛,7 ,qiudvwuxfwxuh &rqwlqjhqf\ $ssolfdwlrq%dfn8s3udfwlfhv

'LVDVWHU�5HFRYHU\�7RRONLW4XHVWLRQQDLUH��3&�6<67(0���3&��6PDOO�6\VWHP�&RQWLQJHQF\4XHVWLRQ������&RPSOHWLRQ�LV�5(48,5('��3OHDVH�VHOHFW�RQO\�21(�UHVSRQVH�,V�WKHUH�D�EDFNXS�V\VWHP�ZKLFK�FRXOG�EH�XVHG�LI�WKLV�RQH�ZDV�XQDYDLODEOH�IRU�D�VKRUW�SHULRG�RI�WLPH��H�J���GD\�"<HV1R1RW�$SSOLFDEOH

4XHVWLRQ������&RPSOHWLRQ�LV�5(48,5('��3OHDVH�VHOHFW�RQO\�21(�UHVSRQVH�,V�WKHUH�D�EDFNXS�V\VWHP�DYDLODEOH�LI�WKLV�RQH�ZDV�XQDYDLODEOH�IRU���ZHHN"<HV1R1RW�$SSOLFDEOH

4XHVWLRQ������&RPSOHWLRQ�LV�5(48,5('��3OHDVH�VHOHFW�RQO\�21(�UHVSRQVH�,I�WKH�V\VWHP�ZDV�WRWDOO\�GHVWUR\HG��LV�WKHUH�DQ�DUUDQJHPHQW�LQ�SODFH�WR�REWDLQ�D�UHSODFHPHQW"��$UHWLPH�VFDOHV�E\�ZKLFK�WKH�UHSODFHPHQW�ZLOO�EH�VXSSOLHG�JXDUDQWHHG"<HV<HV���%XW�1R�*XDUDQWHH1R

4XHVWLRQ������&RPSOHWLRQ�LV�5(48,5('��3OHDVH�VHOHFW�RQO\�21(�UHVSRQVH�,V�WKHUH�D�EXVLQHVV�FRQWLQXLW\�SODQ�FRQWDLQLQJ�GHWDLOV�RI�DFWLRQV�WR�EH�WDNHQ�LQ�PRUH�VHULRXV�FLUFXPVWDQFHV�H�J��ORVV�RI�RIILFH�"<HV1R

3DJH���RI��

Page 38: $XGLW 4XHVWLRQQDLUH - Information · PDF file&rqwlqjhqf\$xglw 4xhvwlrqqdluh 7klv txhvwlrqqdluhfrpsulvhvtxhvwlrq prgxohvwr frqvlghuwkhiroorzlqj˛,7 ,qiudvwuxfwxuh &rqwlqjhqf\ $ssolfdwlrq%dfn8s3udfwlfhv

'LVDVWHU�5HFRYHU\�7RRONLW4XHVWLRQQDLUH��3&�6<67(0���3&��6PDOO�6\VWHP�&RQWLQJHQF\4XHVWLRQ������&RPSOHWLRQ�LV�5(48,5('��3OHDVH�VHOHFW�RQO\�21(�UHVSRQVH�,I�WKH�PDLQ�SRZHU�VXSSO\�WR�WKH�V\VWHP�ZDV�LQWHUUXSWHG��DUH�WKHUH�DQ\�DUUDQJHPHQWV�LQ�SODFH�WR�REWDLQSRZHU�IURP�DQ�DOWHUQDWLYH�VRXUFH��VXFK�DV�D�EDFN�XS�JHQHUDWRU��RU�VWDQG�E\�EDWWHU\�"

1R1RW�$SSOLFDEOH��1RW�1HFHVVDU\4XHVWLRQ������&RPSOHWLRQ�LV�5(48,5('��3OHDVH�VHOHFW�RQO\�21(�UHVSRQVH�$UH�DOO�RI�WKHVH�FRQWLQJHQF\�DUUDQJHPHQWV�IXOO\�GRFXPHQWHG��VR�WKDW�XVH�RI�WKH�V\VWHP�FDQ�EH�UHVWRUHG�LQ�DWLPHO\��HIILFLHQW��DQG�VHFXUH�PDQQHU�"<HV1R

3DJH���RI��

<HV

Page 39: $XGLW 4XHVWLRQQDLUH - Information · PDF file&rqwlqjhqf\$xglw 4xhvwlrqqdluh 7klv txhvwlrqqdluhfrpsulvhvtxhvwlrq prgxohvwr frqvlghuwkhiroorzlqj˛,7 ,qiudvwuxfwxuh &rqwlqjhqf\ $ssolfdwlrq%dfn8s3udfwlfhv

',6$67(5�5(&29(5<�$8',7

,QWURGXFWLRQ7KLV�TXHVWLRQQDLUH�LV�GHVLJQHG�WR�DVVHVV�WKH�FRQWLQJHQF\�VWDWXV�RI�WKH�SRZHU�VXSSO\�

3RZHU�6XSSO\&RQWLQJHQF\4XHVWLRQQDLUH��32:(5�±�3RZHU�6XSSO\�&RQWLQJHQF\

3DJH���RI��

Page 40: $XGLW 4XHVWLRQQDLUH - Information · PDF file&rqwlqjhqf\$xglw 4xhvwlrqqdluh 7klv txhvwlrqqdluhfrpsulvhvtxhvwlrq prgxohvwr frqvlghuwkhiroorzlqj˛,7 ,qiudvwuxfwxuh &rqwlqjhqf\ $ssolfdwlrq%dfn8s3udfwlfhv

',6$67(5�5(&29(5<�$8',74XHVWLRQQDLUH��32:(5�±�3RZHU�6XSSO\�&RQWLQJHQF\4XHVWLRQ�����&RPSOHWLRQ�LV�5(48,5('��3OHDVH�VHOHFW�RQO\�21(�UHVSRQVH�7KH�QH[W�IHZ�TXHVWLRQV�UHODWH�WR�UHFRYHU\�DQG�FRQWLQJHQF\�RI�WKH�SRZHU�VXSSO\��$UH�\RX�UHDG\�WR�SURFHHG"

<HV4XHVWLRQ�����&RPSOHWLRQ�LV�5(48,5('��3OHDVH�VHOHFW�RQO\�21(�UHVSRQVH�,V�WKHUH�RQO\�D�VLQJOH�SRZHU�IHHG�WR�WKH�LQVWDOODWLRQ�EXLOGLQJ"<HV1R

4XHVWLRQ�����&RPSOHWLRQ�LV�5(48,5('��3OHDVH�VHOHFW�RQO\�21(�UHVSRQVH�,V�DQ�HPHUJHQF\�SRZHU�VXSSO\�V\VWHP�DYDLODEOH�LQ�FDVH�RI�SRZHU�IDLOXUH"

8QLQWHUUXSWHG�3RZHU�6XSSO\��8361RQ�836�%DFN�8S�6XSSO\1R *R�WR�TXHVWLRQ��4XHVWLRQ�����&RPSOHWLRQ�LV�5(48,5('��3OHDVH�VHOHFW�RQO\�21(�UHVSRQVH�+RZ�RIWHQ�LV�WKH�HPHUJHQF\�SRZHU�VXSSO\�V\VWHP�WHVWHG"

5HJXODUO\3HULRGLFDOO\6HOGRP1HYHU

3DJH���RI��

Page 41: $XGLW 4XHVWLRQQDLUH - Information · PDF file&rqwlqjhqf\$xglw 4xhvwlrqqdluh 7klv txhvwlrqqdluhfrpsulvhvtxhvwlrq prgxohvwr frqvlghuwkhiroorzlqj˛,7 ,qiudvwuxfwxuh &rqwlqjhqf\ $ssolfdwlrq%dfn8s3udfwlfhv

',6$67(5�5(&29(5<�$8',74XHVWLRQQDLUH��32:(5�±�3RZHU�6XSSO\�&RQWLQJHQF\4XHVWLRQ�����&RPSOHWLRQ�LV�5(48,5('��3OHDVH�VHOHFW�RQO\�21(�UHVSRQVH�,V�D�SRZHU�UHJXODWRU�DQG�PRQLWRULQJ�V\VWHP�LQVWDOOHG"

<HV1R5HJXODWRU�2QO\0RQLWRULQJ�6\VWHP�2QO\4XHVWLRQ�����&RPSOHWLRQ�LV�5(48,5('��3OHDVH�VHOHFW�RQO\�21(�UHVSRQVH�$UH�LQGHSHQGHQWO\�SRZHUHG�HPHUJHQF\�OLJKWV�LQVWDOOHG"

<HV1R

3DJH���RI��