Aluminum Electrolytic Capacitors
NEW
Surface Mount Type
Halogen-free FN series
6.3 V to 50 V
63 V to 100 V
V type
: High temperature Lead-Free reflow
: Standard Lead-Free reflow
Features
●
●
●
●
●
Country of origin
Endurance:105 ℃ 2000 h
Wide voltage range from 6.3 V to 100 V
High capacitance : 20 % to 80 % higher than FK series
AEC-Q200 compliant
RoHS compliant
Specifications
Category temp. range
Rated voltage range
Capacitance range
Capacitance tolerance
Leakage current
Dissipation factor (tan δ)
Characteristics
at low temperature
Endurance
Shelf life
Resistance to
soldering heat
● Malaysia
–55 ℃ to +105 ℃
6.3 V to 100 V
10 μF to 1800 μF
±20 % (120 Hz / +20 ℃)
I ≦ 0.01 CV or 3 (μA) After 2 minutes (Whichever is greater)
Please see the attached characteristics list
Rated voltage (V)
6.3 10 16 25 35 50 63 80 100
Z (–25 ℃) / Z (+20 ℃)
2
2
2
2
2
2
2
2
2
(Impedance ratio at 120 Hz)
Z (–40 ℃) / Z (+20 ℃)
3
3
3
3
3
3
3
3
3
Z (–55 ℃) / Z (+20 ℃)
4
4
4
3
3
3
3
3
3
After applying rated working voltage for 2000 hours at +105 ℃ ± 2 ℃ and then being
stabilized at +20 ℃, capacitors shall meet the following limits.
Capacitance change
Within ±30 % of the initial value (For suffix "U" : Within ±40 %)
Dissipation factor(tan δ) ≦ 200 % of the initial limit
Leakage current
Within the initial limit
After storage for 1000 hours at +105 ℃ ± 2 ℃ with no voltage applied and then being
stabilized at +20 ℃, capacitors shall meet the limits specified in endurance.
(With voltage treatment)
After reflow soldering and then being stabilized at +20 ℃, capacitors shall meet the
following limits.
Capacitance change
Within ±10 % of the initial value
Dissipation factor(tan δ) Within the initial limit
Leakage current
Within the initial limit
Frequency correction factor for ripple current
Freq.(Hz)
10 to 470
560 to 1800
120
1k
10 k
100 k to
0.65
0.70
0.85
0.90
0.95
0.95
1.00
1.00
Marking
Dimensions
Example : 6.3 V 220 μF
Marking color : BLACK
A±0.2
K
0.3 max.
j
A
C
E
V
6.3
10
16
25
35
H
J
K
2A
(P)
B±0.2
W
(I)
Rated voltage code
H
Series identification
Lot number
R.voltage code
H
Capacitance (μF)
φD±0.5
Negative polarity marking (–)
220
j FN
(I)
Cap.(μF)
L
Pressure Relief (φ10 and larger)
()Reference size
Unit:V
50
63
80
100
Unit:mm
Size code
D
D8
F
G
φD
6.3
6.3
8.0
10.0
L
5.8±0.3
7.7±0.3
10.2±0.3
10.2±0.3
A, B
6.6
6.6
8.3
10.3
H
7.8 max.
7.8 max.
10.0 max.
12.0 max.
I
2.6
2.6
3.4
3.5
W
0.65±0.1
0.65±0.1
0.90±0.2
0.90±0.2
Design and specifications are each subject to change without notice. Ask factory for the current technical specifications before purchase and/or use.
Should a safety concern arise regarding this product, please be sure to contact us immediately.
P
1.8
1.8
3.1
4.6
K
0.35 +0.15
ー0.20
0.35 +0.15
ー0.20
0.70±0.2
0.70±0.2
13-Mar-20
Aluminum Electrolytic Capacitors (SMD Type)
FN-HF series
Characteristics list
Endurance : 105 ℃ 2000 h
Case size
Rated Capacitance
voltage (±20 %)
(V)
(μF)
(mm)
φD
L
Specification
Size
code
Ripple
*1
current
(mA rms)
6.3
10
16
25
35
220
270
330
470
680
1000
1500
1800
150
220
330
470
680
820
1000
1200
1500
150
220
270
330
470
560
680
1000
68
100
150
180
220
330
390
470
680
820
47
68
82
100
120
150
220
270
330
470
560
6.3
6.3
6.3
6.3
8.0
8.0
10.0
10.0
6.3
6.3
6.3
8.0
8.0
8.0
10.0
10.0
10.0
6.3
6.3
6.3
8.0
8.0
8.0
8.0
10.0
6.3
6.3
6.3
6.3
8.0
8.0
8.0
8.0
10.0
10.0
6.3
6.3
6.3
6.3
6.3
8.0
8.0
8.0
8.0
10.0
10.0
5.8
5.8
7.7
7.7
10.2
10.2
10.2
10.2
5.8
5.8
7.7
10.2
10.2
10.2
10.2
10.2
10.2
5.8
7.7
7.7
10.2
10.2
10.2
10.2
10.2
5.8
5.8
7.7
7.7
10.2
10.2
10.2
10.2
10.2
10.2
5.8
5.8
5.8
7.7
7.7
10.2
10.2
10.2
10.2
10.2
10.2
D
D
D8
D8
F
F
G
G
D
D
D8
F
F
F
G
G
G
D
D8
D8
F
F
F
F
G
D
D
D8
D8
F
F
F
F
G
G
D
D
D
D8
D8
F
F
F
F
G
G
240
240
280
280
600
600
850
850
240
240
280
600
600
600
850
850
850
240
280
280
600
600
600
600
850
240
240
280
280
600
600
600
600
850
850
240
240
240
280
280
600
600
600
600
850
850
ESR*2
(Ω)
0.36
0.36
0.34
0.34
0.16
0.16
0.08
0.08
0.36
0.36
0.34
0.16
0.16
0.16
0.08
0.08
0.08
0.36
0.34
0.34
0.16
0.16
0.16
0.16
0.08
0.36
0.36
0.34
0.34
0.16
0.16
0.16
0.16
0.08
0.08
0.36
0.36
0.36
0.34
0.34
0.16
0.16
0.16
0.16
0.08
0.08
Part number
tanδ
Reflow
*3
0.26
0.26
0.26
0.26
0.26
0.26
0.26
0.26
0.19
0.19
0.19
0.19
0.19
0.19
0.19
0.19
0.19
0.16
0.16
0.16
0.16
0.16
0.16
0.16
0.16
0.14
0.14
0.14
0.14
0.14
0.14
0.14
0.14
0.14
0.14
0.12
0.12
0.12
0.12
0.12
0.12
0.12
0.12
0.12
0.12
0.12
Min.
Packaging
Q'ty
Taping
(pcs)
EEEFN0J221L
EEEFN0J271UL
EEEFN0J331XL
EEEFNJ471XUL
EEEFN0J681L
EEEFN0J102L
EEEFN0J152L
EEEFN0J182UL
EEEFN1A151L
EEEFN1A221UL
EEEFNA331XUL
EEEFN1A471L
EEEFN1A681L
EEEFN1A821UL
EEEFN1A102L
EEEFN1A122UL
EEEFN1A152UL
EEEFN1C151UL
EEEFN1C221XL
EEEFNC271XUL
EEEFN1C331L
EEEFN1C471L
EEEFN1C561UL
EEEFN1C681UL
EEEFN1C102UL
EEEFN1E680L
EEEFN1E101UL
EEEFNE151XUL
EEEFNE181XUL
EEEFN1E221L
EEEFN1E331L
EEEFN1E391UL
EEEFN1E471UL
EEEFN1E681UL
EEEFN1E821UL
EEEFN1V470L
EEEFN1V680UL
EEEFN1V820UL
EEEFN1V101XL
EEEFNV121XUL
EEEFN1V151L
EEEFN1V221L
EEEFN1V271UL
EEEFN1V331UL
EEEFN1V471UL
EEEFN1V561UL
(5)
(5)
(5)
(5)
(6)
(6)
(6)
(6)
(5)
(5)
(5)
(6)
(6)
(6)
(6)
(6)
(6)
(5)
(5)
(5)
(6)
(6)
(6)
(6)
(6)
(5)
(5)
(5)
(5)
(6)
(6)
(6)
(6)
(6)
(6)
(5)
(5)
(5)
(5)
(5)
(6)
(6)
(6)
(6)
(6)
(6)
1000
1000
900
900
500
500
500
500
1000
1000
900
500
500
500
500
500
500
1000
900
900
500
500
500
500
500
1000
1000
900
900
500
500
500
500
500
500
1000
1000
1000
900
900
500
500
500
500
500
500
*1: Ripple current (100 kHz / +105 ℃)
*2: ESR (100 kHz / +20 ℃)
*3: tan δ (120 Hz / +20 ℃)
・ If Part number exceeds 12 digits, voltage code is abbreviated as follows; 0J→J, 1A→A, 1C→C, 1E→E, 1V→V
・ Please refer to the page of "Reflow Profile" and "The Taping Dimensions".
Design and specifications are each subject to change without notice. Ask factory for the current technical specifications before purchase and/or use.
Should a safety concern arise regarding this product, please be sure to contact us immediately.
13-Mar-20
Aluminum Electrolytic Capacitors (SMD Type)
FN-HF series
Characteristics list
Endurance : 105 ℃ 2000 h
Case size
Rated Capacitance
voltage (±20 %)
(V)
(μF)
(mm)
φD
L
Specification
Size
code
Ripple
*1
current
(mA rms)
50
63
80
100
ESR*2
(Ω)
Part number
tanδ
Reflow
*3
Min.
Packaging
Q'ty
Taping
(pcs)
33
6.3
5.8
D
165
0.88
0.10
EEEFN1H330L
(5)
1000
39
6.3
5.8
D
165
0.88
0.10
EEEFN1H390UL
(5)
1000
47
6.3
7.7
D8
195
0.68
0.10
EEEFN1H470XL
(5)
900
68
6.3
7.7
D8
195
0.68
0.10
EEEFN1H680XL
(5)
900
82
6.3
7.7
D8
195
0.68
0.10
EEEFNH820XUL
(5)
900
100
8.0
10.2
F
350
0.34
0.10
EEEFN1H101L
(6)
500
150
8.0
10.2
F
350
0.34
0.10
EEEFN1H151UL
(6)
500
180
8.0
10.2
F
350
0.34
0.10
EEEFN1H181UL
(6)
500
220
10.0
10.2
G
670
0.18
0.10
EEEFN1H221L
(6)
500
270
10.0
10.2
G
670
0.18
0.10
EEEFN1H271UL
(6)
500
10
6.3
5.8
D
80
1.50
0.08
EEEFN1J100L
(1)
1000
22
6.3
7.7
D8
120
1.20
0.08
EEEFN1J220XL
(1)
900
33
8.0
10.2
F
250
0.65
0.08
EEEFN1J330L
(2)
500
47
8.0
10.2
F
250
0.65
0.08
EEEFN1J470L
(2)
500
68
8.0
10.2
F
250
0.65
0.08
EEEFN1J680L
(2)
500
500
100
10.0
10.2
G
400
0.35
0.08
EEEFN1J101L
(2)
120
10.0
10.2
G
400
0.35
0.08
EEEFN1J121UL
(2)
500
10
6.3
7.7
D8
60
2.40
0.08
EEEFN1K100XL
(1)
900
22
8.0
10.2
F
130
1.30
0.08
EEEFN1K220L
(2)
500
33
8.0
10.2
F
130
1.30
0.08
EEEFN1K330L
(2)
500
47
8.0
10.2
F
130
1.30
0.08
EEEFN1K470UL
(2)
500
82
10.0
10.2
G
200
0.70
0.08
EEEFN1K820UL
(2)
500
10
8.0
10.2
F
130
1.30
0.07
EEEFN2A100L
(2)
500
22
8.0
10.2
F
130
1.30
0.07
EEEFN2A220L
(2)
500
27
8.0
10.2
F
130
1.30
0.07
EEEFN2A270UL
(2)
500
33
10.0
10.2
G
200
0.70
0.07
EEEFN2A330L
(2)
500
47
10.0
10.2
G
200
0.70
0.07
EEEFN2A470UL
(2)
500
*1: Ripple current (100 kHz / +105 ℃)
*2: ESR (100 kHz / +20 ℃)
*3: tan δ (120 Hz / +20 ℃)
・ If Part number exceeds 12 digits, voltage code is abbreviated as follows; 1H→H
・ Please refer to the page of "Reflow Profile" and "The Taping Dimensions".
Design and specifications are each subject to change without notice. Ask factory for the current technical specifications before purchase and/or use.
Should a safety concern arise regarding this product, please be sure to contact us immediately.
13-Mar-20
*XLGHOLQHVDQGSUHFDXWLRQVUHJDUGLQJWKH
WHFKQLFDOLQIRUPDWLRQDQGXVHRIRXUSURGXFWV
GHVFULEHGLQWKLVRQOLQHFDWDORJ
ٹ,I\RXZDQWWRXVHRXUSURGXFWVGHVFULEHGLQWKLVRQOLQHFDWDORJIRUDSSOLFDWLRQVUHTXLULQJ
VSHFLDOTXDOLWLHVRUUHOLDELOLW\RUIRUDSSOLFDWLRQVZKHUHWKHIDLOXUHRUPDOIXQFWLRQRIWKH
SURGXFWVPD\GLUHFWO\MHRSDUGL]HKXPDQOLIHRUSRWHQWLDOO\FDXVHSHUVRQDOLQMXU\
HJDLUFUDIWDQGDHURVSDFHHTXLSPHQWWUDIILFDQGWUDQVSRUWDWLRQHTXLSPHQWFRPEXVWLRQ
HTXLSPHQWPHGLFDOHTXLSPHQWDFFLGHQWSUHYHQWLRQDQWLFULPHHTXLSPHQWDQGRUVDIHW\
HTXLSPHQWLWLVQHFHVVDU\WRYHULI\ZKHWKHUWKHVSHFLILFDWLRQVRIRXUSURGXFWVILWWRVXFK
DSSOLFDWLRQV3OHDVHHQVXUHWKDW\RXZLOODVNDQGFKHFNZLWKRXULQTXLU\GHVNDVWRZKHWKHU
WKHVSHFLILFDWLRQVRIRXUSURGXFWVILWWRVXFKDSSOLFDWLRQVXVHEHIRUH\RXXVHRXUSURGXFWV
ٹ7KHTXDOLW\DQGSHUIRUPDQFHRIRXUSURGXFWVDVGHVFULEHGLQWKLVRQOLQHFDWDORJRQO\DSSO\
WRRXUSURGXFWVZKHQXVHGLQLVRODWLRQ7KHUHIRUHSOHDVHHQVXUH\RXHYDOXDWHDQGYHULI\
RXUSURGXFWVXQGHUWKHVSHFLILFFLUFXPVWDQFHVLQZKLFKRXUSURGXFWVDUHDVVHPEOHGLQ\RXU
RZQSURGXFWVDQGLQZKLFKRXUSURGXFWVZLOODFWXDOO\EHXVHG
ٹ,I\RXXVHRXUSURGXFWVLQHTXLSPHQWWKDWUHTXLUHVDKLJKGHJUHHRIUHOLDELOLW\UHJDUGOHVV
RIWKHDSSOLFDWLRQLWLVUHFRPPHQGHGWKDW\RXVHWXSSURWHFWLRQFLUFXLWVDQGUHGXQGDQF\
FLUFXLWVLQRUGHUWRHQVXUHVDIHW\RI\RXUHTXLSPHQW
ٹ7KHSURGXFWVDQGSURGXFWVSHFLILFDWLRQVGHVFULEHGLQWKLVRQOLQHFDWDORJDUHVXEMHFWWR
FKDQJHIRULPSURYHPHQWZLWKRXWSULRUQRWLFH7KHUHIRUHSOHDVHEHVXUHWRUHTXHVWDQG
FRQILUPWKHODWHVWSURGXFWVSHFLILFDWLRQVZKLFKH[SODLQWKHVSHFLILFDWLRQVRIRXUSURGXFWVLQ
GHWDLOEHIRUH\RXILQDOL]HWKHGHVLJQRI\RXUDSSOLFDWLRQVSXUFKDVHRUXVHRXUSURGXFWV
ٹ7KHWHFKQLFDOLQIRUPDWLRQLQWKLVRQOLQHFDWDORJSURYLGHVH[DPSOHVRIRXUSURGXFWV
W\SLFDORSHUDWLRQVDQGDSSOLFDWLRQFLUFXLWV:HGRQRWJXDUDQWHHWKHQRQLQIULQJHPHQWRI
WKLUGSDUW\
VLQWHOOHFWXDOSURSHUW\ULJKWVDQGZHGRQRWJUDQWDQ\OLFHQVHULJKWRULQWHUHVW
LQRXULQWHOOHFWXDOSURSHUW\
ٹ,IDQ\RIRXUSURGXFWVSURGXFWVSHFLILFDWLRQVDQGRUWHFKQLFDOLQIRUPDWLRQLQWKLVRQOLQH
FDWDORJLVWREHH[SRUWHGRUSURYLGHGWRQRQUHVLGHQWVWKHODZVDQGUHJXODWLRQVRIWKH
H[SRUWLQJFRXQWU\HVSHFLDOO\ZLWKUHJDUGWRVHFXULW\DQGH[SRUWFRQWUROVKDOOEHREVHUYHG
5HJDUGLQJWKH&HUWLILFDWHRI&RPSOLDQFHZLWK
WKH(85R+6'LUHFWLYH5($&+5HJXODWLRQV!
ٹ7KHVZLWFKRYHUGDWHIRUFRPSOLDQFHZLWKWKH5R+6'LUHFWLYH5($&+5HJXODWLRQVYDULHV
GHSHQGLQJRQWKHSDUWQXPEHURUVHULHVRIRXUSURGXFWV
ٹ:KHQ\RXXVHWKHLQYHQWRU\RIRXUSURGXFWVIRUZKLFKLWLVXQFOHDUZKHWKHUWKRVHSURGXFWV
DUHFRPSOLDQWZLWKWKH5R+6'LUHFWLYH5($&+5HJXODWLRQSOHDVHVHOHFW6DOHV,QTXLU\LQWKH
ZHEVLWHLQTXLU\IRUPDQGFRQWDFWXV
:HGRQRWWDNHDQ\UHVSRQVLELOLW\IRUWKHXVHRIRXUSURGXFWVRXWVLGHWKHVFRSHRIWKH
VSHFLILFDWLRQVGHVFULSWLRQVJXLGHOLQHVDQGSUHFDXWLRQVGHVFULEHGLQWKLVRQOLQHFDWDORJ
'HF
1RWLFHV,WHPVWREHREVHUYHG
1RWLFHV
ٹ$SSOLFDEOHODZVDQGUHJXODWLRQV
嵣7KLVSURGXFWFRPSOLHVZLWKWKH5R+6'LUHFWLYH5HVWULFWLRQRIWKHXVHRIFHUWDLQKD]DUGRXVVXEVWDQFHVLQ
HOHFWULFDODQGHOHFWURQLFHTXLSPHQW',5(&7,9((8DQG(ق8
嵣1R2]RQH'HSOHWLQJ&KHPLFDOV2'&
VFRQWUROOHGXQGHUWKH0RQWUHDO3URWRFRO$JUHHPHQWDUHXVHGLQ
SURGXFLQJWKLVSURGXFW
岜:HGRQRWXVH3%%VRU3%'(VDVEURPLQDWHGIODPHUHWDUGDQWV
嵣([SRUWSURFHGXUHZKLFKIROORZHGH[SRUWUHODWHGUHJXODWLRQVVXFKDVIRUHLJQH[FKDQJHDQGDIRUHLJQWUDGH
PHWKRGRQWKHRFFDVLRQRIH[SRUWRIWKLVSURGXFW
嵣7KHVHSURGXFWVDUHQRWGDQJHURXVJRRGVRQWKHWUDQVSRUWDWLRQDVLGHQWLILHGE\818QLWHG1DWLRQVQXPEHUV
RU81FODVVLILFDWLRQ
ٹ/LPLWHGDSSOLFDWLRQV
嵣7KLVFDSDFLWRULVGHVLJQHGWREHXVHGIRUHOHFWURQLFVFLUFXLWVVXFKDVDXGLRYLVXDOHTXLSPHQWKRPH
DSSOLDQFHVFRPSXWHUVDQGRWKHURIILFHHTXLSPHQWRSWLFDOHTXLSPHQWPHDVXULQJHTXLSPHQW
嵣+LJKUHOLDELOLW\DQGVDIHW\DUHUHTXLUHG>EHDSRVVLELOLW\WKDWLQFRUUHFWRSHUDWLRQRIWKLVSURGXFWPD\GRKDUP
岜WRDKXPDQOLIHRUSURSHUW\@PRUH:KHQXVHLVFRQVLGHUHGE\WKHXVHWKHGHOLYHU\VSHFLILFDWLRQVZKLFKVXLWHG
WKHXVHVHSDUDWHO\QHHGWREHH[FKDQJHG
ٹ,QWHOOHFWXDOSURSHUW\ULJKWVDQGOLFHQVHV
嵣7KHWHFKQLFDOLQIRUPDWLRQLQWKLVVSHFLILFDWLRQSURYLGHVH[DPSOHVRIRXUSURGXFWV
W\SLFDORSHUDWLRQVDQGDSSOLFDWLRQ
FLUFXLWV:HGRQRWJXDUDQWHHWKHQRQLQIULQJHPHQWRIWKLUGSDUW\
VLQWHOOHFWXDOSURSHUW\ULJKWVDQGZHGRQRWJUDQW
DQ\OLFHQVHULJKWRULQWHUHVWLQRXULQWHOOHFWXDOSURSHUW\
,WHPVWREHREVHUYHG
)ٹRUVSHFLILFDWLRQ
嵣7KLVVSHFLILFDWLRQJXDUDQWHHVWKHTXDOLW\DQGSHUIRUPDQFHRIWKHSURGXFWDVLQGLYLGXDOFRPSRQHQWV
7KHGXUDELOLW\GLIIHUVGHSHQGLQJRQWKHHQYLURQPHQWDQGWKHFRQGLWLRQVRIXVDJH
%HIRUHXVHFKHFNDQGHYDOXDWHWKHLUFRPSDWLELOLW\ZLWKDFWXDOFRQGLWLRQVZKHQLQVWDOOHGLQWKHSURGXFWV
:KHQVDIHW\UHTXLUHPHQWVFDQQRWEHVDWLVILHGLQ\RXUWHFKQLFDOH[DPLQDWLRQLQIRUPXVLPPHGLDWHO\
嵣'RQRWXVHWKHSURGXFWVEH\RQGWKHVSHFLILFDWLRQVGHVFULEHGLQWKLVGRFXPHQW
ٹ8SRQDSSOLFDWLRQWRSURGXFWVZKHUHVDIHW\LVUHJDUGHGDVLPSRUWDQW
,QVWDOOWKHIROORZLQJV\VWHPVIRUDIDLOVDIHGHVLJQWRHQVXUHVDIHW\LIWKHVHSURGXFWVDUHWREHXVHGLQ
HTXLSPHQWZKHUHDGHIHFWLQWKHVHSURGXFWVPD\FDXVHWKHORVVRIKXPDQOLIHRURWKHUVLJQLILFDWLRQGDPDJH
VXFKDVGDPDJHWRYHKLFOHVDXWRPRELOHWUDLQYHVVHOWUDIILFOLJKWVPHGLFDOHTXLSPHQWDHURVSDFHHTXLSPHQW
HOHFWULFKHDWLQJDSSOLDQFHVFRPEXVWLRQJDVHTXLSPHQWURWDWLQJURWDWLQJHTXLSPHQWDQGGLVDVWHUFULPH
SUHYHQWLRQHTXLSPHQW
7KHV\VWHPLVHTXLSSHGZLWKDSURWHFWLRQFLUFXLWDQGSURWHFWLRQGHYLFH
7KHV\VWHPLVHTXLSSHGZLWKDUHGXQGDQWFLUFXLWRURWKHUV\VWHPWRSUHYHQWDQXQVDIHVWDWXVLQWKHHYHQW
RIDVLQJOHIDXOW
&ٹRQGLWLRQVRIXVH
嵣%HIRUHXVLQJWKHSURGXFWVFDUHIXOO\FKHFNWKHHIIHFWVRQWKHLUTXDOLW\DQGSHUIRUPDQFHDQGGHWHUPLQHG
岜ZKHWKHURUQRWWKH\FDQEHXVHG7KHVHSURGXFWVDUHGHVLJQHGDQGPDQXIDFWXUHGIRUJHQHUDOSXUSRVHDQG
岜VWDQGDUGXVHLQJHQHUDOHOHFWURQLFHTXLSPHQW7KHVHSURGXFWVDUHQRWLQWHQGHGIRUXVHLQWKHIROORZLQJVSHFLDO
岜FRQGLWLRQV
,QOLTXLGVXFKDV:DWHU2LO&KHPLFDOVRU2UJDQLFVROYHQW
,QGLUHFWVXQOLJKWRXWGRRUVRULQGXVW
,QYDSRUVXFKDVGHZFRQGHQVDWLRQZDWHURIUHVLVWLYHHOHPHQWRUZDWHUOHDNDJHVDOW\DLURUDLUZLWKD
KLJKFRQFHQWUDWLRQFRUURVLYHJDVVXFKDV&O+61+62RU12[
,QDQHQYLURQPHQWZKHUHVWURQJVWDWLFHOHFWULFLW\RUHOHFWURPDJQHWLFZDYHVH[LVW
0RXQWLQJRUSODFLQJKHDWJHQHUDWLQJFRPSRQHQWVRULQIODPPDEOHVVXFKDVYLQ\OFRDWHGZLUHVQHDU
WKHVHSURGXFWV
6HDOLQJRUFRDWLQJRIWKHVHSURGXFWVRUDSULQWHGFLUFXLWERDUGRQZKLFKWKHVHSURGXFWVDUHPRXQWHG
ZLWKUHVLQDQGRWKHUPDWHULDO
8VLQJUHVROYHQWZDWHURUZDWHUVROXEOHFOHDQHUIRUIOX[FOHDQLQJDJHQWDIWHUVROGHULQJ,QSDUWLFXODU
ZKHQXVLQJZDWHURUDZDWHUVROXEOHFOHDQLQJDJHQWEHFDUHIXOQRWWROHDYHZDWHUUHVLGXHV
8VLQJLQWKHDWPRVSKHUHZKHUHVWUD\VDFLGRUDONDOLQH
8VLQJLQWKHDWPRVSKHUHZKHUHWKHUHDUHH[FHVVLYHYLEUDWLRQDQGVKRFN
嵣3OHDVHDUUDQJHFLUFXLWGHVLJQIRUSUHYHQWLQJLPSXOVHRUWUDQVLWLRQDOYROWDJH
岜'RQRWDSSO\YROWDJHZKLFKH[FHHGVWKHIXOOUDWHGYROWDJHZKHQWKHFDSDFLWRUVUHFHLYHLPSXOVHYROWDJH
岜LQVWDQWDQHRXVKLJKYROWDJHKLJKSXOVHYROWDJHHWF
嵣2XUSURGXFWVWKHUHLVDSURGXFWDUHXVLQJDQHOHFWURO\WHVROXWLRQ7KHUHIRUHPLVXVHFDQUHVXOWLQUDSLG
岜GHWHULRUDWLRQRIFKDUDFWHULVWLFVDQGIXQFWLRQVRIHDFKSURGXFW(OHFWURO\WHOHDNDJHGDPDJHVSULQWHGFLUFXLWDQG
DIIHFWVSHUIRUPDQFHFKDUDFWHULVWLFVDQGIXQFWLRQVRIFXVWRPHUV\VWHP
'HF
$OXPLQXP(OHFWURO\WLF&DSDFLWRUV60'7\SH
岜岜$SSOLFDWLRQJXLGHOLQHVق60'7\SHك
岜
&LUFXLWGHVLJQ
2SHUDWLQJWHPSHUDWXUHDQGIUHTXHQF\
(OHFWULFDOFKDUDFWHULVWLFVRIWKHFDSDFLWRUDUHOLNHO\WRFKDQJHGXHWRYDULDWLRQLQWHPSHUDWXUHDQGRUIUHTXHQF\
&LUFXLWGHVLJQHUVVKRXOGWDNHWKHVHFKDQJHVLQWRFRQVLGHUDWLRQ
(IIHFWVRIRSHUDWLQJWHPSHUDWXUHRQHOHFWULFDOSDUDPHWHUV
$WKLJKHUWHPSHUDWXUHV OHDNDJHFXUUHQWDQGFDSDFLWDQFHLQFUHDVHZKLOHHTXLYDOHQWVHULHVUHVLVWDQFH
(65GHFUHDVHV
$WORZHUWHPSHUDWXUHV
OHDNDJHFXUUHQWDQGFDSDFLWDQFHGHFUHDVHZKLOHHTXLYDOHQWVHULHVUHVLVWDQFH
(65LQFUHDVHV
(IIHFWVRIIUHTXHQF\RQHOHFWULFDOSDUDPHWHUV
$WKLJKHUIUHTXHQFLHV
FDSDFLWDQFHDQGLPSHGDQFHGHFUHDVHZKLOHWDQGLQFUHDVHV
$WORZHUIUHTXHQFLHV
KHDWJHQHUDWHGE\ULSSOHFXUUHQWZLOOULVHGXHWRDQLQFUHDVHLQHTXLYDOHQW
VHULHVUHVLVWDQFH(65
2SHUDWLQJWHPSHUDWXUHDQGOLIHH[SHFWDQF\
([SHFWHGOLIHLVDIIHFWHGE\RSHUDWLQJWHPSHUDWXUH*HQHUDOO\HDFK&UHGXFWLRQLQWHPSHUDWXUHZLOO
GRXEOHWKHH[SHFWHGOLIH8VHFDSDFLWRUVDWWKHORZHVWSRVVLEOHWHPSHUDWXUHEHORZWKHXSSHUFDWHJRU\
WHPSHUDWXUH
,IRSHUDWLQJWHPSHUDWXUHVH[FHHGWKHXSSHUFDWHJRU\OLPLWUDSLGGHWHULRUDWLRQRIHOHFWULFDOSDUDPHWHU
ZLOORFFXUDQGLUUHYHUVLEOHGDPDJHZLOOUHVXOW
&KHFNIRUWKHPD[LPXPFDSDFLWRURSHUDWLQJWHPSHUDWXUHVLQFOXGLQJDPELHQWWHPSHUDWXUHLQWHUQDO
FDSDFLWRUWHPSHUDWXUHULVHGXHWRULSSOHFXUUHQWDQGWKHHIIHFWVRIUDGLDWHGKHDWIURPSRZHUWUDQVLVWRUV
,&
VRUUHVLVWRUV
$YRLGSODFLQJFRPSRQHQWVZKLFKFRXOGFRQGXFWKHDWWRWKHFDSDFLWRUIURPWKHEDFNVLGHRIWKHFLUFXLWERDUG
7KHIRUPXODIRUFDOFXODWLQJH[SHFWHGOLIHDWORZHURSHUDWLQJWHPSHUDWXUHVLVDVIROORZV
77
/ /¼
/
*؟XDUDQWHHGOLIHKDWWHPSHUDWXUH7٦
/
[(؟SHFWHGOLIHKDWWHPSHUDWXUH7٦
7
؟8SSHUFDWHJRU\WHPSHUDWXUH٦
7
؟$FWXDORSHUDWLQJWHPSHUDWXUHDPELHQWWHPSHUDWXUHWHPSHUDWXUHULVHGXHWRULSSOHFXUUHQW٦
8VLQJWKHFDSDFLWRUEH\RQGWKHHVWLPDWHGOLIHWLPHZLOOUHVXOWLQVKRUWFLUFXLWHOHFWURO\WHOHDNYHQWRSHQ
DQGODUJHGHWHULRUDWLRQRIFKDUDFWHULVWLFV7KHOLIHWLPHFDQQRWJRDERYH\HDUVGXHWRDJLQJRIVHDOLQJUXEEHU
&RPPRQDSSOLFDWLRQFRQGLWLRQVWRDYRLG
7KHIROORZLQJPLVDSSOLFDWLRQORDGFRQGLWLRQVZLOOFDXVHUDSLGGHWHULRUDWLRQRIDFDSDFLWRUbVHOHFWULFDOSDUDPHWHUV
,QDGGLWLRQUDSLGKHDWLQJDQGJDVJHQHUDWLRQZLWKLQWKHFDSDFLWRUFDQRFFXUFDXVLQJWKHSUHVVXUHUHOLHIYHQW
WRRSHUDWHDQGUHVXOWDQWOHDNDJHRIHOHFWURO\WH8QGHUH[WUHPHFRQGLWLRQVH[SORVLRQDQGILUHLJQLWLRQFRXOGUHVXOW
7KHOHDNHGHOHFWURO\WHLVFRPEXVWLEOHDQGHOHFWULFDOO\FRQGXFWLYH
5HYHUVHYROWDJH
'&FDSDFLWRUVKDYHSRODULW\7KHUHIRUHSOHDVHGRQRWDSSO\WKHUHYHUVHYROWDJH9HULI\FRUUHFWSRODULW\
EHIRUHLQVHUWLRQ
)RUFLUFXLWVZLWKFKDQJLQJRUXQFHUWDLQSRODULW\XVH'&ELSRODUFDSDFLWRUV'&ELSRODUFDSDFLWRUVDUHQRW
VXLWDEOHIRUXVHLQ$&FLUFXLWV
&KDUJH'LVFKDUJHDSSOLFDWLRQV
6WDQGDUGFDSDFLWRUVDUHQRWVXLWDEOHIRUXVHLQUHSHDWLQJFKDUJHGLVFKDUJHDSSOLFDWLRQV)RUFKDUJH
GLVFKDUJHDSSOLFDWLRQVFRQVXOWXVZLWK\RXUDFWXDODSSOLFDWLRQFRQGLWLRQ
)RUUXVKFXUUHQWSOHDVHWRQRUH[FHHG$
212))FLUFXLW
'RQRWXVHFDSDFLWRUVLQFLUFXLWZKHUH212))VZLWFKLQJLVUHSHDWHGPRUHWKDQWLPHVSHUGD\
,QFDVHRIDSSO\LQJWRWKHWKHVHV212))FLUFXLWFRQVXOWZLWKXVDERXWFLUFXLWFRQGLWLRQDQGVRRQ
'HF
$OXPLQXP(OHFWURO\WLF&DSDFLWRUV60'7\SH
2YHUYROWDJH
'RQRWDSSO\YROWDJHVH[FHHGLQJWKHPD[LPXPVSHFLILHGUDWHGYROWDJH9ROWDJHVXSWRWKHVXUJHYROWDJH
UDWLQJDUHDFFHSWDEOHIRUVKRUWSHULRGVRIWLPH
(QVXUHWKDWWKHVXPRIWKH'&YROWDJHDQGWKHVXSHULPSRVHG$&ULSSOHYROWDJHGRHVQRWH[FHHGWKH
UDWHGYROWDJH
5LSSOHFXUUHQW
'RQRWDSSO\ULSSOHFXUUHQWVH[FHHGLQJWKHPD[LPXPVSHFLILHGYDOXH)RUKLJKULSSOHFXUUHQWDSSOLFDWLRQV
XVHDFDSDFLWRUGHVLJQHGIRUKLJKULSSOHFXUUHQWV,QDGGLWLRQFRQVXOWXVLIWKHDSSOLHGULSSOHFXUUHQWLVWR
EHKLJKHUWKDQWKHPD[LPXPVSHFLILHGYDOXH(QVXUHWKDWUDWHGULSSOHFXUUHQWVWKDWVXSHULPSRVHGRQORZ
'&ELDVYROWDJHVGRQRWFDXVHUHYHUVHYROWDJHFRQGLWLRQV
(YHQLILWLVZLWKLQDUDWHGULSSOHFXUUHQWLQFDVHWKHSUDFWLFDOXVHLVRYHUWKHSUHGHVFULEHGHQGXUDQFH
OLIHWLPHLWFDXVHVWKHLQFUHDVHRIGHWHULRUDWLRQRI(65FKDUDFWHULVWLFDQGWKHLQWHUQDOJHQHUDWLRQKHDWE\
ULSSOHFXUUHQW'XHWRWKLVWKHUHLVVRPHSRVVLELOLW\RIYHQWRSHQEXOJLQJRIVOHHYHDQGUXEEHUHOHFWURO\WH
OHDNDJHDQGVKRWFLUFXLWH[SORVLRQDQGLJQLWLRQLQWKHZRUVWFDVH
8VLQJWZRRUPRUHFDSDFLWRUVLQSDUDOOHO
&DSDFLWRUVFRQQHFWHGLQSDUDOOHO
7KHFLUFXLWUHVLVWDQFHFDQFORVHO\DSSUR[LPDWHWKHVHULHVUHVLVWDQFHRIWKHFDSDFLWRUFDXVLQJDQLPEDODQFHRI
ULSSOHFXUUHQWORDGVZLWKLQWKHFDSDFLWRUV&DUHIXOZLULQJPHWKRGVFDQPLQLPL]HWKHSRVVLEOHDSSOLFDWLRQRIDQ
H[FHVVLYHULSSOHFXUUHQWWRDFDSDFLWRU
&DSDFLWRUVFRQQHFWHGLQVHULHV
'LIIHUHQFHVLQQRUPDO'&OHDNDJHFXUUHQWDPRQJFDSDFLWRUVFDQFDXVHYROWDJHLPEDODQFHV
7KHXVHRIYROWDJHGLYLGHUVKXQWUHVLVWRUVZLWKFRQVLGHUDWLRQWROHDNDJHFXUUHQWVFDQSUHYHQWFDSDFLWRU
YROWDJHLPEDODQFHV
127(3OHDVHGRQRWXVHLQWKHVHULHVLQWKHFDVHRIFRQGXFWLYHSRO\PHUK\EULGDOXPLQXPHOHFWURO\WLFFDSDFLWRU
&DSDFLWRUPRXQWLQJFRQVLGHUDWLRQV
'RXEOHVLGHGFLUFXLWERDUGV
$YRLGZLULQJSDWWHUQUXQVZKLFKSDVVEHWZHHQWKHPRXQWHGFDSDFLWRUDQGWKHFLUFXLWERDUG
&OHDUDQFHIRUFDVHPRXQWHGSUHVVXUHUHOLHI̷ۺPP
&DSDFLWRUVZLWKFDVHPRXQWHGSUHVVXUHUHOLHIUHTXLUHVXIILFLHQWFOHDUDQFHWRDOORZIRUSURSHUSUHVVXUH
UHOLHIRSHUDWLRQ
7KHPLQLPXPFOHDUDQFHDUHGHSHQGHQWRQFDSDFLWRUGLDPHWHUVDVIROORZV
'LDPPWR'LDPPPPPLQLPXP'LDPPPPPLQLPXP
:LULQJQHDUWKHSUHVVXUHUHOLHI̷ۺPP
$YRLGORFDWLQJKLJKYROWDJHRUKLJKFXUUHQWZLULQJRUFLUFXLWERDUGSDWKVDERYHWKHSUHVVXUHUHOLHI
)ODPPDEOHKLJKWHPSHUDWXUHJDVWKDWH[FHHGV&PD\EHUHOHDVHGZKLFKFRXOGGLVVROYHWKHZLUH
LQVXODWLRQDQGLJQLWH
&LUFXLWERDUGSDWWHUQVXQGHUWKHFDSDFLWRU
$YRLGFLUFXLWERDUGUXQVXQGHUWKHFDSDFLWRUDVDQHOHFWULFDOVKRUWFDQRFFXUGXHWRDQHOHFWURO\WHOHDNDJH
(OHFWULFDOLVRODWLRQRIWKHFDSDFLWRU
&RPSOHWHO\LVRODWHWKHFDSDFLWRUDVIROORZV
w%HWZHHQWKHFDWKRGHDQGWKHFDVHDQGEHWZHHQWKHDQRGHWHUPLQDODQGRWKHUFLUFXLWSDWKV
&DSDFLWRUFRDWLQJ
7KHODPLQDWHFRDWLQJLVLQWHQGHGIRUPDUNLQJDQGLGHQWLILFDWLRQSXUSRVHVDQGLVQRWPHDQWWRHOHFWULFDOO\
LQVXODWHWKHFDSDFLWRU
&DSDFLWRUKDQGOLQJWHFKQLTXHV
&RQVLGHUDWLRQVEHIRUHXVLQJ
&DSDFLWRUVKDYHDILQLWHOLIH'RQRWUHXVHRUUHF\FOHFDSDFLWRUVIURPXVHGHTXLSPHQW
7UDQVLHQWUHFRYHU\YROWDJHPD\EHJHQHUDWHGLQWKHFDSDFLWRUGXHWRGLHOHFWULFDEVRUSWLRQ
,IUHTXLUHGWKLVYROWDJHFDQEHGLVFKDUJHGZLWKDUHVLVWRUZLWKDYDOXHRIDERXWN̚
&DSDFLWRUVVWRUHGIRUDORQJSHULRGRIWLPHPD\H[KLELWDQLQFUHDVHLQOHDNDJHFXUUHQW
7KLVFDQEHFRUUHFWHGE\JUDGXDOO\DSSO\LQJUDWHGYROWDJHLQVHULHVZLWKDUHVLVWRURIDSSUR[LPDWHO\N̚
,IFDSDFLWRUVDUHGURSSHGWKH\FDQEHGDPDJHGPHFKDQLFDOO\RUHOHFWULFDOO\$YRLGXVLQJGURSSHG
FDSDFLWRUV
'HQWHGRUFUXVKHGFDSDFLWRUVVKRXOGQRWEHXVHG
7KHVHDOLQWHJULW\FDQEHGDPDJHGDQGORVVRIHOHFWURO\WHVKRUWHQHGOLIHFDQUHVXOW
'HF
$OXPLQXP(OHFWURO\WLF&DSDFLWRUV60'7\SH
&DSDFLWRULQVHUWLRQ
9HULI\WKHFRUUHFWFDSDFLWDQFHDQGUDWHGYROWDJHRIWKHFDSDFLWRU
9HULI\WKHFRUUHFWSRODULW\RIWKHFDSDFLWRUEHIRUHLQVHUWLRQ
9HULI\WKHFRUUHFWWHUPLQDOGLPHQVLRQDQGODQGSDWWHUQVL]HEHIRUHPRXQWWRDYRLGVWUHVVRQWKHWHUPLQDOV
([FHVVLYHPRXQWLQJSUHVVXUHFDQFDXVHKLJKOHDNDJHFXUUHQWVKRUWFLUFXLWRUGLVFRQQHFWLRQ
5HIORZVROGHULQJ
6XUIDFHPRXQWW\SHFDSDFLWRUDUHH[FOXVLYHO\IRUUHIORZVROGHULQJ
岜:KHQUHIORZVROGHULVXVHGDQDPELHQWKHDWFRQGLWLRQV\VWHPVXFKDVWKHVLPXOWDQHRXVXVHRILQIUDUHG
岜DQGKRWDLULVUHFRPPHQGHG
2EVHUYHSURSHUVROGHULQJFRQGLWLRQVWHPSHUDWXUHWLPHHWF'RQRWH[FHHGWKHVSHFLILHGOLPLWV
,IWKHSHDNWHPSHUDWXUHLVKLJKRULIWKHKHDWLQJWLPHLVORQJLWPD\FDXVHGHWHULRUDWLRQRIWKHHOHFWULFDO
FKDUDFWHULVWLFVDQGOLIHFKDUDFWHULVWLFV
5HFRPPHQGHGVROGHULQJFRQGLWLRQLVDJXLGHOLQHIRUHQVXULQJWKHEDVLFFKDUDFWHULVWLFVRIWKHFRPSRQHQWV
EXWQRWIRUWKHVWDEOHVROGHULQJFRQGLWLRQV&RQGLWLRQVIRUSURSHUVROGHULQJVKRXOGEHVHWXSDFFRUGLQJWR
LQGLYLGXDORQGLWLRQV
岜嵣7KH7HPSHUDWXUHRQ&DSDFLWRUWRSVKDOOEHPHDVXUHGE\XVLQJWKHUPDOFRXSOHWKDWLVIL[HGILUPO\E\
HSR[\JOXH
,QFDVHRIXVHLQWLPHVUHIORZQGUHIORZPXVWEHGRQHZKHQWKHFDSDFLWRUbVWHPSHUDWXUHUHWXUQEDFN
岜WRQRUPDOOHYHO
,QRXUUHFRPPHQGHGUHIORZFRQGLWLRQWKHFDVHGLVFRORUDWLRQDQGWKHFDVHVZHOOLQJPLJKWEHVOLJKWO\
岜JHQHUDWHG%XWSOHDVHDFNQRZOHGJHWKDWWKHVHWZRSKHQRPHQDGRQRWLQIOXHQFHWKHUHOLDELOLW\RIWKHSURGXFW
7KHFUDFNRQWRSPDUNLQJPLJKWEHRFFXUUHGE\UHIORZKHDWVWUHVV
岜%XWSOHDVHDFNQRZOHGJHWKDWLWGRHVQRWLQIOXHQFHWKHUHOLDELOLW\RIWKHSURGXFW
9369DSRU3KDVH6ROGHULQJUHIORZFDQFDXVHVLJQLILFDQWFKDUDFWHULVWLFVFKDQJHDQGRUPRXQWLQJIDLOXUH
岜GXHWRGHIRUPDWLRQE\DFXWHWHPSHUDWXUHULVH
岜936LVDFFHSWDEOHSURYLGHGWKDWWKHSURFHVVGRHVQRWH[FHHGUHFRPPHQGHGUHIORZSURILOHDQG
岜WHPSHUDWXUHULVHLVOHVVWKDQGHJ&VHF
岜3OHDVHFRQWDFW3DQDVRQLFIRUGHWDLOHGFRQGLWLRQV
7KHYLEUDWLRQSURRIFDSDFLWRUVRIVL]H̗KDVVXSSRUWWHUPLQDOVH[WHQGLQJIURPWKHERWWRPVLGHWRWKHOHDGHGJH
7KHQPDNHVXUHWRILQGDSSURSULDWHVROGHULQJFRQGLWLRQVWRIRUPILOOHWRQWKHVXSSRUWWHUPLQDOVLIUHTXLUHGIRU
DSSHDUDQFHLQVSHFWLRQ+RZHYHUHYHQLIVXIILFLHQWVROGHUILOOHWVDUHQRWREVHUYHGWKHUHOLDELOLW\RI
YLEUDWLRQSURRIZLOOQRWEHORZHUHGEHFDXVHWKHVXSSRUWWHUPLQDOVRQWKHERWWRPVLGHHQKDQFHWKHVROGHU
MRLQWWR3&%
0DQXDOVROGHULQJ
2EVHUYHWHPSHUDWXUHDQGWLPHVROGHULQJVSHFLILFDWLRQVRUGRQRWH[FHHGWHPSHUDWXUHRI&IRU
VHFRQGVRUOHVV
,IDVROGHUHGFDSDFLWRUPXVWEHUHPRYHGDQGUHLQVHUWHGDYRLGH[FHVVLYHVWUHVVRQWKHFDSDFLWRUOHDGV
$YRLGSK\VLFDOFRQWDFWVEHWZHHQWKHWLSRIWKHVROGHULQJLURQDQGFDSDFLWRUVWRSUHYHQWRUFDSDFLWRUIDLOXUH
&DSDFLWRUKDQGOLQJDIWHUVROGHULQJ
$YRLGPRYLQJWKHFDSDFLWRUDIWHUVROGHULQJWRSUHYHQWH[FHVVLYHVWUHVVRQWKHOHDGZLUHVZKHUHWKH\HQWHU
WKHVHDO7KHFDSDFLWRUPD\EUHDNIURPHOHPHQWSRUWLRQGXHWRDWRUTXHDWRXWHUULPFDXVLQJDODUJHVWUHVV
WRWHUPLQDOV
'RQRWXVHWKHFDSDFLWRUDVDKDQGOHZKHQPRYLQJWKHFLUFXLWERDUGDVVHPEO\7KHWRWDOZHLJKWRIWKH
ERDUGZRXOGDSSO\WRHOHPHQWSRUWLRQWKURXJKWHUPLQDOVDQGWKHFDSDFLWRUPD\EUHDN
$YRLGVWULNLQJWKHFDSDFLWRUDIWHUDVVHPEO\WRSUHYHQWIDLOXUHGXHWRH[FHVVLYHVKRFN7KHFDSDFLWRUPD\
EUHDNGXHWRH[FHVVLYHVKRFNRUORDGDERYHVSHFLILHGUDQJH
&LUFXLWERDUGFOHDQLQJ
&LUFXLWERDUGVFDQEHLPPHUVHGRUXOWUDVRQLFDOO\FOHDQHGXVLQJVXLWDEOHFOHDQLQJVROYHQWVIRUXSWR
PLQXWHVDQGXSWR&PD[LPXPWHPSHUDWXUHV7KHERDUGVVKRXOGEHWKRURXJKO\ULQVHGDQGGULHG
7KHXVHRIR]RQHGHSOHWLQJFOHDQLQJDJHQWVLVQRWUHFRPPHQGHGIRUWKHSXUSRVHRISURWHFWLQJRXU
HQYLURQPHQW
岧7DUJHWVROYHQW岨
3LQH$OSKD676$TXD&OHDQHU6(3&OHDQWKUX+/06XQHOHF%
6XQHOHF%&ROG&OHDQHU37HFKQR&OHDQHU'.%HFOHDU&:
7HOSHQH&OHDQHU(&57HFKQRFDUH)5:)5:)59
'HF
$OXPLQXP(OHFWURO\WLF&DSDFLWRUV60'7\SH
$YRLGXVLQJWKHIROORZLQJVROYHQWJURXSVXQOHVVVSHFLILFDOO\DOORZHGLQWKHVSHFLILFDWLRQ
D+DORJHQDWHGFOHDQLQJVROYHQWV؟H[FHSWIRUVROYHQWUHVLVWDQWFDSDFLWRUW\SHVKDORJHQDWHGVROYHQWVFDQ
SHUPHDWHWKHVHDODQGFDXVHLQWHUQDOFDSDFLWRUFRUURVLRQDQGIDLOXUH
)RUVROYHQWUHVLVWDQWFDSDFLWRUVFDUHIXOO\IROORZWKHWHPSHUDWXUHDQGWLPHUHTXLUHPHQWVEDVHGRQWKH
VSHFLILFDWLRQWULFKORURHWKDQHVKRXOGQHYHUEHXVHGRQDQ\DOXPLQXPHOHFWURO\WLFFDSDFLWRU
E$ONDOLQHVROYHQWV
؟FRXOGUHDFWDQGGLVVROYHWKHDOXPLQXPFDVH
F3HWUROHXPEDVHGVROYHQWV ؟GHWHULRUDWLRQRIWKHUXEEHUVHDOFRXOGUHVXOW
G;\OHQH
؟GHWHULRUDWLRQRIWKHUXEEHUVHDOFRXOGUHVXOW
H$FHWRQH
؟UHPRYDORIWKHLQNPDUNLQJVRQWKHYLQ\OVOHHYHFRXOGUHVXOW
$WKRURXJKGU\LQJDIWHUFOHDQLQJLVUHTXLUHGWRUHPRYHUHVLGXDOFOHDQLQJVROYHQWVWKDWPD\EHWUDSSHG
EHWZHHQWKHFDSDFLWRUDQGWKHFLUFXLWERDUG$YRLGGU\LQJWHPSHUDWXUHVZKLFKH[FHHGWKHXSSHUFDWHJRU\
WHPSHUDWXUHRIWKHFDSDFLWRU
0RQLWRUWKHFRQWDPLQDWLRQOHYHOVRIWKHFOHDQLQJVROYHQWVGXULQJXVHLQWHUPVRIHOHFWULFDOFRQGXFWLYLW\
S+VSHFLILFJUDYLW\RUZDWHUFRQWHQW
&KORULQHOHYHOVFDQULVHZLWKFRQWDPLQDWLRQDQGDGYHUVHO\DIIHFWWKHSHUIRUPDQFHRIWKHFDSDFLWRU
&RQWUROWKHIOX[GHQVLW\LQWKHFOHDQLQJDJHQWWREHOHVVWKDQPDVV
'HSHQGLQJRQWKHFOHDQLQJPHWKRGWKHPDUNLQJRQDFDSDFLWRUPD\EHHUDVHGRUEOXUUHG
پ3OHDVHFRQVXOWXVLI\RXDUHQRWFHUWDLQDERXWDFFHSWDEOHFOHDQLQJVROYHQWVRUFOHDQLQJPHWKRGV
0RXQWLQJDGKHVLYHVDQGFRDWLQJDJHQWV
:KHQXVLQJPRXQWLQJDGKHVLYHVRUFRDWLQJDJHQWVWRFRQWUROKXPLGLW\DYRLGXVLQJPDWHULDOVFRQWDLQLQJ
KDORJHQDWHGVROYHQWV
$OVRDYRLGWKHXVHRIFKORURSUHQHEDVHGSRO\PHUV
+DUGHQRQGU\DGKHVLYHRUFRDWLQJDJHQWVZHOOOHVWWKHVROYHQWVKRXOGEHOHIW
$IWHUDSSO\LQJDGKHVLYHVRUFRDWLQJVGU\WKRURXJKO\WRSUHYHQWUHVLGXDOVROYHQWVIURPEHLQJWUDSSHGEHWZHHQ
WKHFDSDFLWRUDQGWKHFLUFXLWERDUG
/HDYHPRUHWKDQRIWKHVHDOLQJSRUWLRQRSHQDQGGRQRWFRYHUWKDWSRUWLRQZLWKDQ\DGKHVLYHVRUFRDWLQJ
)XPLJDWLRQ
,QH[SRUWLQJHOHFWURQLFDSSOLDQFHVZLWKDOXPLQXPHOHFWURO\WLFFDSDFLWRUVLQVRPHFDVHVIXPLJDWLRQWUHDWPHQW
XVLQJVXFKKDORJHQFRPSRXQGDVPHWK\OEURPLGHLVFRQGXFWHGIRUZRRGHQER[HV
,IVXFKER[HVDUHQRWGULHGZHOOWKHKDORJHQOHIWLQWKHER[LVGLVSHUVHGZKLOHWUDQVSRUWHGDQGHQWHUVLQWKH
FDSDFLWRUVLQVLGH
7KLVSRVVLEO\FDXVHVHOHFWULFDOFRUURVLRQRIWKHFDSDFLWRUV7KHUHIRUHDIWHUSHUIRUPLQJIXPLJDWLRQDQGGU\LQJ
PDNHVXUHWKDWQRKDORJHQLVOHIW
'RQbWSHUIRUPIXPLJDWLRQWUHDWPHQWWRWKHZKROHHOHFWURQLFDSSOLDQFHVSDFNHGLQDER[
)OX[
,I\RXXVHDKDORJHQW\SH&KORULQHW\SH%URPLQHW\SHHWFKLJKDFWLYLW\IOX[SOHDVHXVHLWDIWHUFRQILUPDWLRQ
LQDGYDQFHDVLWPD\KDYHDQLPSDFWRQSHUIRUPDQFHDQGUHOLDELOLW\RIWKLVSURGXFWGXHWRWKHUHVLGXHRIWKHIOX[
3UHFDXWLRQVIRUXVLQJFDSDFLWRUV
(QYLURQPHQWDOFRQGLWLRQV
&DSDFLWRUVVKRXOGQRWEHVWRUHGRUXVHGLQWKHIROORZLQJHQYLURQPHQWV
([SRVXUHWRWHPSHUDWXUHVDERYHWKHXSSHUFDWHJRU\RUEHORZWKHORZHUFDWHJRU\WHPSHUDWXUHRIWKHFDSDFLWRU
'LUHFWFRQWDFWZLWKZDWHUVDOWZDWHURURLO
+LJKKXPLGLW\FRQGLWLRQVZKHUHZDWHUFRXOGFRQGHQVHRQWKHFDSDFLWRU
([SRVXUHWRWR[LFJDVHVVXFKDVK\GURJHQVXOILGHVXOIXULFDFLGQLWULFDFLGFKORULQHFKORULQHFRPSRXQG
EURPLQHEURPLQHFRPSRXQGRUDPPRQLD
([SRVXUHWRR]RQHUDGLDWLRQRUXOWUDYLROHWUD\V
9LEUDWLRQDQGVKRFNFRQGLWLRQVH[FHHGLQJVSHFLILHGUHTXLUHPHQWV
(YHQZLWKLQWKHVSHFLILHGUHTXLUHPHQWVDODUJHYLEUDWLRQDFFHOHUDWLRQPD\EHDSSOLHGGXHWRUHVRQDQFH
VREHVXUHWRHYDOXDWHDQGFRQILUPZLWKWKHDFWXDOSURGXFW
(OHFWULFDOSUHFDXWLRQV
$YRLGWRXFKLQJWKHWHUPLQDOVRIDFDSDFLWRUDVDSRVVLEOHHOHFWULFVKRFNFRXOGUHVXOW7KHH[SRVHG
DOXPLQXPFDVHLVQRWLQVXODWHGDQGFRXOGDOVRFDXVHHOHFWULFVKRFNLIWRXFKHG
$YRLGVKRUWFLUFXLWLQJWKHDUHDEHWZHHQWKHFDSDFLWRUWHUPLQDOVZLWKFRQGXFWLYHPDWHULDOVLQFOXGLQJOLTXLGV
VXFKDVDFLGVRUDONDOLQHVROXWLRQV
$ORZPROHFXODUZHLJKWVKLUR[DQHZKLFKLVLQFOXGHGLQDVLOLFRQPDWHULDOVKDOOFDXVHVDEQRUPDOHOHFWULFDO
FKDUDFWHULVWLFV
'HF
$OXPLQXP(OHFWURO\WLF&DSDFLWRUV60'7\SH
(PHUJHQF\SURFHGXUHV
,IWKHSUHVVXUHUHOLHIRIWKHFDSDFLWRURSHUDWHVLPPHGLDWHO\WXUQRIIWKHHTXLSPHQWDQGGLVFRQQHFWIURP
WKHSRZHUVRXUFH
7KLVZLOOPLQLPL]HDQDGGLWLRQDOGDPDJHFDXVHGE\WKHYDSRUL]LQJHOHFWURO\WH
$YRLGFRQWDFWZLWKWKHHVFDSLQJHOHFWURO\WHJDVZKLFKFDQH[FHHG&WHPSHUDWXUHV
,IHOHFWURO\WHRUJDVHQWHUVWKHH\HLPPHGLDWHO\IOXVKWKHH\HZLWKODUJHDPRXQWVRIZDWHU
,IHOHFWURO\WHRUJDVLVLQJHVWHGE\PRXWKJDUJOHZLWKZDWHU
,IHOHFWURO\WHFRQWDFWVWKHVNLQZDVKZLWKVRDSDQGZDWHU
/RQJWHUPVWRUDJH
岜/HDNDJHFXUUHQWRIDFDSDFLWRULQFUHDVHVZLWKORQJVWRUDJHWLPHV7KHDOXPLQXPR[LGHILOPGHWHULRUDWHVDVD
岜IXQFWLRQRIWHPSHUDWXUHDQGWLPH
岜,IXVHGZLWKRXWUHFRQGLWLRQLQJDQDEQRUPDOO\KLJKFXUUHQWZLOOEHUHTXLUHGWRUHVWRUHWKHR[LGHILOP
岜7KLVVXUJHFXUUHQWFRXOGFDXVHWKHFLUFXLWRUWKHFDSDFLWRUWRIDLO
岜([SLUDWLRQGDWHLVPRQWKVIURPRXWJRLQJLQVSHFWLRQGDWH
岜+RZHYHUH[SLUDWLRQGDWHIRUVHULHVZKLFKDUHQRWOLVWHGEHORZLVPRQWKVIURPRXWJRLQJLQVSHFWLRQGDWH
6HULHV
6قRQO\+LJKWHPSHUDWXUHUHIORZك
+$قRQO\+LJKWHPSHUDWXUHUHIORZك
+%قRQO\+LJKWHPSHUDWXUHUHIORZDQGPPKHLJKWك
+&+')&$)&).$).).6)1)3)77*7.737&7&874
([SLUDWLRQGDWH
PRQWKVIURP
RXWJRLQJ
LQVSHFWLRQGDWH
)RUVWRUDJHFRQGLWLRQNHHSURRPWHPSHUDWXUH&WR&DQGKXPLGLW\WRZKHUHGLUHFW
VXQVKLQHGRHVQ
WUHDFK
(كقQYLURQPHQWDO&RQGLWLRQV
'RQRWVWRUHXQGHUFRQGLWLRQRXWVLGHWKHDUHDGHVFULEHGLQWKHVSHFLILFDWLRQDQGDOVRXQGHUFRQGLWLRQVOLVWHG
EHORZ
D([SRVXUHWRWHPSHUDWXUHVDERYHWKHXSSHUFDWHJRU\RUEHORZWKHORZHUFDWHJRU\WHPSHUDWXUHRIWKH
FDSDFLWRU
E'LUHFWFRQWDFWZLWKZDWHUVDOWZDWHURURLO
F+LJKKXPLGLW\FRQGLWLRQVZKHUHZDWHUFRXOGFRQGHQVHRQWKHFDSDFLWRU
G([SRVXUHWRWR[LFJDVHVVXFKDVK\GURJHQVXOILGHVXOIXULFDFLGQLWULFDFLGFKORULQH&KORULQHFRPSRXQG
岜%URPLQH%URPLQHFRPSRXQGRUDPPRQLD
H([SRVXUHWRR]RQHUDGLDWLRQRUXOWUDYLROHWUD\V
I9LEUDWLRQDQGVKRFNFRQGLWLRQVH[FHHGLQJVSHFLILHGUHTXLUHPHQWV
&DSDFLWRUGLVSRVDO
:KHQGLVSRVLQJFDSDFLWRUVXVHRQHRIWKHIROORZLQJPHWKRGV
,QFLQHUDWHDIWHUFUXVKLQJWKHFDSDFLWRURUSXQFWXULQJWKHFDQZDOOWRSUHYHQWH[SORVLRQGXHWRLQWHUQDO
SUHVVXUHULVH
'LVSRVHDVVROLGZDVWH
127(/RFDOODZVPD\KDYHVSHFLILFGLVSRVDOUHTXLUHPHQWVZKLFKPXVWEHIROORZHG
7KHSUHFDXWLRQVLQXVLQJDOXPLQXPHOHFWURO\WLFFDSDFLWRUVIROORZWKH6DIHW\DSSOLFDWLRQJXLGH
IRUWKHXVHLQIL[HGDOXPLQXPHOHFWURO\WLFFDSDFLWRUVIRUHOHFWURQLFHTXLSPHQW5&5'
LVVXHGE\-(,7$LQ2FWREHU
3OHDVHUHIHUWRWKHDERYHDSSOLFDWLRQJXLGHIRUGHWDLOV
ٹ$(&4岜FRPSOLDQW
7KHSURGXFWVDUHWHVWHGEDVHGRQDOORUSDUWRIWKHWHVWFRQGLWLRQVDQGPHWKRGVGHILQHGLQ$(&4
3OHDVHFRQVXOWZLWK3DQDVRQLFIRUWKHGHWDLOVRIWKHSURGXFWVSHFLILFDWLRQDQGVSHFLILFHYDOXDWLRQWHVWUHVXOWV
HWFDQGSOHDVHUHYLHZDQGDSSURYH3DQDVRQLF
VSURGXFWVSHFLILFDWLRQEHIRUHRUGHULQJ
'HF