Aluminum Electrolytic Capacitors (SMD Type)
Surface Mount Type
Series : TK Type : V
Features
● Endurance : 125 °C 3000 h
● Low ESR at –40 °C (50 % lower than TG series)
● Added ESR specification after the endurance test
● Vibration-proof product is available upon request.
● RoHS compliant
Specifications
Category temperature range
Rated voltage range
Capacitance range
Capacitance tolerance
Leakage current
Dissipation factor (tan d)
Characteristics
at low temperature
Endurance
Shelf life
ESR after the life test
AEC-Q200
–40 °C to +125 °C
10 V.DC to 35 V.DC
47 µF to 470 µF
±20 % (120 Hz/+20 °C)
I < 0.01 CV After 2 minutes
Please see the attached characteristics list
V.DC
10
16
25
35
Z(–25 °C)/Z(+20 °C)
3
2
2
2
(Impedance ratio at 120 Hz)
Z(–40 °C)/Z(+20 °C)
4
3
3
3
After the life test with DC rated woking voltage at +125 °C ±2 °C for 3000 hours, the capacitors
shall meet the limits specified below.
Capacitance change Within ±30 % of the initial value (code U : ±35 %)
< 300 % of the initial limit (code U : ±350 %)
tan d
DC leakage current Within the initial limit
After storage for 1000 hours at +125 °C±2 °C with no voltage applied and then being stabilized
at +20 °C, capacitors shall meet the limits specified in Endurance. (With voltage treatment)
After the life test with DC rated working voltage at +125 °C±2 °C for 3000 hours, ESR value shall
meet the specified below.
< 150 % of the initial limit
20 °C
After 1000 hours
< 200 % of the initial limit
–40 °C
20 °C
< 300 % of the initial limit
After 2000 hours
< 400 % of the initial limit
–40 °C
20 °C
< 1000 % of the initial limit
After 3000 hours
< 1500 % of the initial limit
–40 °C
AEC-Q200 compliant
Frequency correction factor for ripple current
Frequency (Hz)
Correction factor
120
0.65
100 k to
1.00
Lot number
Series identification
L
Pressure Relief (010 and larger)
Mark for Lead-Free
products
(Black dot)
A±0.2
+
(P)
(I)
H
0D±0.5
220
A TK
Capacitance (µF)
–
K
0.3 max.
Negative polarity
marking (–)
(I)
Dimensions
Example : 10 V.DC 220 µF
Marking color : BLACK
R. Voltage
(V.DC)
Code
10 k
0.95
B±0.2
Marking
1k
0.85
W
( ) Reference size
Rated voltage code
(Unit : mm)
10
16
25
35
A
C
E
V
Size
L
A, B
H
I
0D
code
F
8.0 10.2±0.3 8.3 10.0 max. 3.4
G
10.0 10.2±0.3 10.3 12.0 max. 3.5
W
P
K
0.90±0.2
0.90±0.2
3.1
4.6
0.70±0.2
0.70±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.
04
Mar. 2016
$OXPLQXP(OHFWURO\WLF&DSDFLWRUV60'7\SH
'LPHQVLRQV9LEUDWLRQSURRISURGXFWV
名7KHVL]HDQGVKDSHDUHGLIIHUHQWIURPVWDQGDUGSURGXFWV3OHDVHLQTXLUHGHWDLOVRIRXUFRPSDQ\
6L]HFRGH*)(؟+-..!
K
3
%
6
5
,
,
7
/
W
(؟WR*/
5HIHUHQFHVL]H
6XSSRUWLYH7HUPLQDOV
+
'
3
5
T
:
/
$
,
.
6
%
+
'
)
$
)
,
6L]HFRGH!''؟
5HIHUHQFHVL]H
6XSSRUWLYH7HUPLQDOV
+WR./
6L]H
FRGH
̷'
/
+
$%
PD[
)
,
:
3
8QLWۜۜ؟
.
ٕ
ٕ
ٕ
'
WR
'
(
)
*
+
-
.
.
WR
WR
WR
WR
tWR
tWR
tWR
tWR
5
6
7
/DQG3DGSDWWHUQ
7KHFLUFXLWERDUGODQGSDGSDWWHUQVL]HIRUFKLSFDSDFLWRUVLVVSHFLILHGLQWKHIROORZLQJWDEOH
7KHODQGSLWFKLQIOXHQFHVLQVWDOODWLRQVWUHQJWKDQGFRQVLGHULW
ق7DEOHRIERDUGODQGVL]HYVFDSDFLWRUVL]Hك
6L]HFRGH
ٴ6WDQGDUGSURGXFWV
F
E
%̷
&̷
'̷
'̷[/
(̷[/
)̷[/
*̷[/
+̷
-̷
.̷
E
D
/DQGVSDFH
ٴ9LEUDWLRQSURRISURGXFWV
F
ق7DEOHRIERDUGODQGVL]HYVFDSDFLWRUVL]Hك
%
$
$
%
%
*
( '
+
)
&
*
*
+
6L]HFRGH
$
%
&
'
'̷[/ك
'̷[/ك
(̷[/
)̷[/
*̷
+̷
-̷
.̷
(
8QLWۜۜ؟
)
*
+
:KHQVL]Hn$|LVZLGHEDFNILOOHWFDQEHPDGHGHFUHDVLQJILWWLQJVWUHQJWK
&
*
)
6L]HFRGH*)(؟+-.!
&
E
:KHQVL]HnD|LVZLGHEDFNILOOHWFDQEHPDGHGHFUHDVLQJILWWLQJVWUHQJWK
6L]HFRGH!''؟
&
8QLWۜۜ؟
D
ٮ7DNHPRXQWLQJFRQGLWLRQVVROGHUDELOLW\DQGILWWLQJVWUHQJWKLQWRFRQVLGHUDWLRQ
%
'
%
$
(
$
ZKHQVHOHFWLQJSDUWVIRU\RXUFRPSDQ\bVGHVLJQ
ٮ7KHYLEUDWLRQSURRIFDSDFLWRUVRIVL]H̗KDVVXSSRUWWHUPLQDOVH[WHQGLQJ
IURPWKHERWWRPVLGHWRWKHOHDGHGJH7KHQPDNHVXUHWRILQGDSSURSULDWH
VROGHULQJFRQGLWLRQVWRIRUPILOOHWRQWKHVXSSRUWWHUPLQDOVLIUHTXLUHGIRU
%
DSSHDUDQFHLQVSHFWLRQ
Aluminum Electrolytic Capacitors (SMD Type)
Characteristics list
Endurance : 125 °C 3000 h
Case size (mm)
Rated
Cap.
voltage (±20 %)
(V.DC) (µF)
220
10
330
470
100
16
220
330
100
25
220
330
47
35
100
220
0D
L
8
8
10
10
8
8
10
10
8
8
10
10
8
8
10
10
10.2
10.2
10.2
10.2
10.2
10.2
10.2
10.2
10.2
10.2
10.2
10.2
10.2
10.2
10.2
10.2
Min. Packaging Q'ty
Specification
Ripple
✽
ESR
Size
current
tan d
Part No.
(100 kHz)
code (100 kHz)
(120 Hz)
(Ω)
(+125 °C)
(+20 °C)
(mA r.m.s.) +20 °C –40 °C
F
197
0.3
5
0.30
EEETK1A221P
(F)
197
0.3
5
0.30
EEETK1A331UP
G
270
0.2
3
0.30
EEETK1A331P
(G)
270
0.2
3
0.30
EEETK1A471UP
F
197
0.3
5
0.23
EEETK1C101P
(F)
197
0.3
5
0.23
EEETK1C221UP
G
270
0.2
3
0.23
EEETK1C221P
(G)
270
0.2
3
0.23
EEETK1C331UP
F
197
0.3
5
0.18
EEETK1E101P
(F)
197
0.3
5
0.18
EEETK1E221UP
G
270
0.2
3
0.18
EEETK1E221P
(G)
270
0.2
3
0.18
EEETK1E331UP
F
197
0.3
5
0.16
EEETK1V470P
(F)
197
0.3
5
0.16
EEETK1V101UP
G
270
0.2
3
0.16
EEETK1V101P
(G)
270
0.2
3
0.16
EEETK1V221UP
Reflow
Taping
(pcs)
(8)
(8)
(8)
(8)
(8)
(8)
(8)
(8)
(8)
(8)
(8)
(8)
(8)
(8)
(8)
(8)
500
500
500
500
500
500
500
500
500
500
500
500
500
500
500
500
✽ Size code( ) : Miniaturization product
· Please refer to the page of “Reflow Profile” and “The Taping Dimensions”.
· When requesting vibration-proof product, please put the last “V” instead to “P”
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.
04
Mar. 2016
*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($&+5HJXODWLRQSOHDVHVHOHFW6DOHV,QTXLU\LQWKH
ZHEVLWHLQTXLU\IRUPDQGFRQWDFWXV
:HGRQRWWDNHDQ\UHVSRQVLELOLW\IRUWKHXVHRIRXUSURGXFWVRXWVLGHWKHVFRSHRIWKH
VSHFLILFDWLRQVGHVFULSWLRQVJXLGHOLQHVDQGSUHFDXWLRQVGHVFULEHGLQWKLVRQOLQHFDWDORJ
2FW
1RWLFHV,WHPVWREHREVHUYHG
1RWLFHV
ٹ$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
2FW
$OXPLQXP(OHFWURO\WLF&DSDFLWRUV60'7\SH
岜岜$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
$YRLGSODFLQJFRPSRQHQWVZKLFKFRXOGFRQGXFWKHDWWRWKHFDSDFLWRUIURPWKHEDFNVLGHRIWKHFLUFXLWERDUG
7KHIRUPXODIRUFDOFXODWLQJH[SHFWHGOLIHDWORZHURSHUDWLQJWHPSHUDWXUHVLVDVIROORZV
77
/ /¼
/
*؟XDUDQWHHGOLIHKDWWHPSHUDWXUH7&
/
[(؟SHFWHGOLIHKDWWHPSHUDWXUH7&
7
؟8SSHUFDWHJRU\WHPSHUDWXUHWHPSHUDWXUHULVHGXHWRUDWHGULSSOHFXUUHQW&
7
؟$FWXDORSHUDWLQJWHPSHUDWXUHDPELHQWWHPSHUDWXUHWHPSHUDWXUHULVHGXHWRULSSOHFXUUHQW&
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
2FW
$OXPLQXP(OHFWURO\WLF&DSDFLWRUV60'7\SH
2YHUYROWDJH
'RQRWDSSO\YROWDJHVH[FHHGLQJWKHPD[LPXPVSHFLILHGUDWHGYROWDJH9ROWDJHVXSWRWKHVXUJHYROWDJH
UDWLQJDUHDFFHSWDEOHIRUVKRUWSHULRGVRIWLPH
(QVXUHWKDWWKHVXPRIWKH'&YROWDJHDQGWKHVXSHULPSRVHG$&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
2FW
$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
2FW
$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
)XPLJDWLRQ
,QH[SRUWLQJHOHFWURQLFDSSOLDQFHVZLWKDOXPLQXPHOHFWURO\WLFFDSDFLWRUVLQVRPHFDVHVIXPLJDWLRQWUHDWPHQW
XVLQJVXFKKDORJHQFRPSRXQGDVPHWK\OEURPLGHLVFRQGXFWHGIRUZRRGHQER[HV
,IVXFKER[HVDUHQRWGULHGZHOOWKHKDORJHQOHIWLQWKHER[LVGLVSHUVHGZKLOHWUDQVSRUWHGDQGHQWHUVLQWKH
FDSDFLWRUVLQVLGH
7KLVSRVVLEO\FDXVHVHOHFWULFDOFRUURVLRQRIWKHFDSDFLWRUV7KHUHIRUHDIWHUSHUIRUPLQJIXPLJDWLRQDQGGU\LQJ
PDNHVXUHWKDWQRKDORJHQLVOHIW
'RQbWSHUIRUPIXPLJDWLRQWUHDWPHQWWRWKHZKROHHOHFWURQLFDSSOLDQFHVSDFNHGLQDER[
/HDYHPRUHWKDQRIWKHVHDOLQJSRUWLRQRSHQDQGGRQRWFRYHUWKDWSRUWLRQZLWKDQ\DGKHVLYHVRUFRDWLQJ
)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
2FW
$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)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
2FW