Aluminum Electrolytic Capacitors
This Series is no longer available for
purchase in the country of Japan.
Radial Lead Type
FM series A type
Features
● Endurance : 105 ℃ 2000 h to 7000 h
● Low impedance (40 % to 70 % less than FC series)
● RoHS compliant
Specifications
Category temp. range
Rated voltage range
Capacitance range
Capacitance tolerance
Leakage current
–40 ℃ to +105 ℃
6.3 V to 50 V
22 μF to 6800 μF
±20 % (120 Hz / +20℃)
I ≦ 0.01 CV (μA) After 2 minutes
Rated voltage(V)
6.3
10
16
25
35
50
(120 Hz /+20℃)
Dissipation factor(tan δ) Dissipation factor(tan δ) 0.22
0.19 0.16 0.14 0.12 0.10
For capacitance value ≧ 1000 μF, add 0.02 per every 1000 μF.
After following life test with DC voltage and +105 ℃±2 ℃ ripple current value applied
(The sum of DC and ripple peak voltage shall not exceed the rated working voltage)when the
capacitors are restored to 20 ℃, the capacitors shall meet the limits specified bellow.
Duration
φ5 to φ6.3 : 2000 h, φ8×11.5 to φ8×15: 3000 h
Endurance
φ8×20 to φ10×16 : 4000 h, φ10×20 to φ12.5×20/ φ16×20 : 5000 h
φ12.5×25 to φ12.5×35/ φ16×25 : 7000 h
Capacitance change
Within ±25 % of the initial value (6.3 V to 10 V : ±30 %)
Dissipation factor(tan δ) ≦ 200 % of the initial limit
DC leakage current
Within the initial limit
After storage for 1000 h at +105 ℃±2 ℃ with no voltage applied and then being
Shelf life
stabilized at +20 °C, capacitors shall meet the limits specified in endurance.
(With voltage treatment)
Frequency correction factor for ripple current
Freq.(Hz)
Cap.(μF)
2.2 to 33
47 to 330
390 to 1000
1200 to 6800
60
120
1k
10 k
100 k
0.45
0.60
0.65
0.75
0.55
0.70
0.75
0.80
0.75
0.85
0.90
0.95
0.90
0.95
0.98
1.00
1.00
1.00
1.00
1.00
φd±0.05
Dimensions
Sleeve
Pressure relief
≦ φ8
φ10 ≦
14min.
L*
F±0.5
φ6.3 ≦
3min.
φD±0.5
* L ≦ 16:L±1.5
φD±0.5
L ≧ 20:L±2.0
φD
L
φd
F
5.0
―
0.5
2.0
6.3
―
0.5
2.5
8.0
―
0.6
3.5
10.0
―
0.6
5.0
12.5
12.5 to 25 30 to 40
0.6
0.8
5.0
5.0
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.
Unit:mm
16.0
―
0.8
7.5
28-Feb-20
Aluminum Electrolytic Capacitors (Radial Lead Type)
FM series
Case size/ Impedance/ Ripple current
6.3 to 35
R. voltage
(V)
Case size
Impedance*1
(Ω)
50
Ripple current*1
(mA rms)
Impedance*1
(Ω)
Ripple current*1
(mA rms)
(mm)
(φD×L)
+20 ℃
-10 ℃
+105 ℃
+20 ℃
-10 ℃
+105 ℃
5 × 11
0.300
1.000
280
0.340
1.130
250
6.3 × 11.2
0.130
0.430
455
0.140
0.460
405
8 × 11.5
0.056
0.168
950
0.061
0.183
870
8 × 15
0.041
0.123
1240
0.045
0.135
1140
8 × 20
0.030
0.090
1560
0.033
0.099
1430
10 × 12.5
0.038
0.114
1290
0.042
0.126
1170
10 × 16
0.026
0.078
1790
0.030
0.090
1650
10 × 20
0.019
0.057
2180
0.023
0.069
1890
10 × 25
0.018
0.054
2470
0.022
0.066
2150
12.5 × 20
0.018
0.045
2600
0.022
0.055
2260
12.5 × 25
0.015
0.038
3190
0.018
0.045
2660
12.5 × 30
0.013
0.033
3630
0.016
0.040
3160
12.5 × 35
0.012
0.030
3750
0.014
0.035
3270
16 × 20
0.017
0.043
3300
0.019
0.048
2870
16 × 25
0.014
0.035
3820
0.016
0.040
3320
*1: 100 kHz
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.
28-Feb-20
Aluminum Electrolytic Capacitors (Radial Lead Type)
FM series
Characteristics list
Case size
Rated
voltage
(V)
Capacitance
(±20 %)
(μF)
150
330
560
820
1000
1200
6.3
1500
2200
3300
3900
4700
5600
6800
100
220
470
680
1000
10
1200
1500
2200
3300
3900
4700
5600
68
120
330
470
680
16
1000
1200
1500
2200
2700
3300
3900
(mm)
φD
5.0
6.3
8.0
8.0
10.0
8.0
10.0
10.0
10.0
12.5
12.5
12.5
12.5
16.0
16.0
5.0
6.3
8.0
8.0
10.0
8.0
10.0
10.0
10.0
12.5
12.5
12.5
16.0
12.5
16.0
5.0
6.3
8.0
8.0
10.0
8.0
10.0
10.0
10.0
12.5
12.5
12.5
16.0
12.5
16.0
L
11.0
11.2
11.5
15.0
12.5
20.0
16.0
20.0
25.0
20.0
25.0
30.0
35.0
20.0
25.0
11.0
11.2
11.5
15.0
12.5
20.0
16.0
20.0
25.0
20.0
25.0
30.0
20.0
35.0
25.0
11.0
11.2
11.5
15.0
12.5
20.0
16.0
20.0
25.0
20.0
25.0
30.0
20.0
35.0
25.0
Specification
(mA rms)
dance
(Ω)
Endurance
(h)
Lead
dia.
280
455
950
1240
1290
1560
1790
2180
2470
2600
3190
3630
3750
3300
3820
280
455
950
1240
1290
1560
1790
2180
2470
2600
3190
3630
3300
3750
3820
280
455
950
1240
1290
1560
1790
2180
2470
2600
3190
3630
3300
3750
3820
0.300
0.130
0.056
0.041
0.038
0.030
0.026
0.019
0.018
0.018
0.015
0.013
0.012
0.017
0.014
0.300
0.130
0.056
0.041
0.038
0.030
0.026
0.019
0.018
0.018
0.015
0.013
0.017
0.012
0.014
0.300
0.130
0.056
0.041
0.038
0.030
0.026
0.019
0.018
0.018
0.015
0.013
0.017
0.012
0.014
2000
2000
3000
3000
4000
4000
4000
5000
5000
5000
7000
7000
7000
5000
7000
2000
2000
3000
3000
4000
4000
4000
5000
5000
5000
7000
7000
5000
7000
7000
2000
2000
3000
3000
4000
4000
4000
5000
5000
5000
7000
7000
5000
7000
7000
0.5
0.5
0.6
0.6
0.6
0.6
0.6
0.6
0.6
0.6
0.6
0.8
0.8
0.8
0.8
0.5
0.5
0.6
0.6
0.6
0.6
0.6
0.6
0.6
0.6
0.6
0.8
0.8
0.8
0.8
0.5
0.5
0.6
0.6
0.6
0.6
0.6
0.6
0.6
0.6
0.6
0.8
0.8
0.8
0.8
Ripple
*1
current
Impe-
*2
Min. Packaging
Q'ty(PCS)
Lead length (mm)
(φd)
Part No.
Lead space
Straight
Taping
✽B
Taping
✽H
2.0
2.5
3.5
3.5
5.0
3.5
5.0
5.0
5.0
5.0
5.0
5.0
5.0
7.5
7.5
2.0
2.5
3.5
3.5
5.0
3.5
5.0
5.0
5.0
5.0
5.0
5.0
7.5
5.0
7.5
2.0
2.5
3.5
3.5
5.0
3.5
5.0
5.0
5.0
5.0
5.0
5.0
7.5
5.0
7.5
5.0
5.0
5.0
5.0
5.0
5.0
5.0
5.0
5.0
5.0
5.0
—
—
7.5
7.5
5.0
5.0
5.0
5.0
5.0
5.0
5.0
5.0
5.0
5.0
5.0
—
7.5
—
7.5
5.0
5.0
5.0
5.0
5.0
5.0
5.0
5.0
5.0
5.0
5.0
—
7.5
—
7.5
2.5
2.5
—
—
—
—
—
—
—
—
—
—
—
—
—
2.5
2.5
—
—
—
—
—
—
—
—
—
—
—
—
—
2.5
2.5
—
—
—
—
—
—
—
—
—
—
—
—
—
EEUFM0J151( )
EEUFM0J331( )
EEUFM0J561( )
EEUFM0J821L( )
EEUFM0J102( )
EEUFM0J122L( )
EEUFM0J122( )
EEUFM0J152( )
EEUFM0J222L( )
EEUFM0J332( )
EEUFM0J392( )
EEUFM0J472L
EEUFM0J562L
EEUFM0J562S( )
EEUFM0J682( )
EEUFM1A101( )
EEUFM1A221( )
EEUFM1A471( )
EEUFM1A681L( )
EEUFM1A681( )
EEUFM1A102L( )
EEUFM1A102( )
EEUFM1A122( )
EEUFM1A152L( )
EEUFM1A222( )
EEUFM1A332( )
EEUFM1A392L
EEUFM1A392S( )
EEUFM1A472L
EEUFM1A562( )
EEUFM1C680( )
EEUFM1C121( )
EEUFM1C331( )
EEUFM1C471L( )
EEUFM1C471( )
EEUFM1C681L( )
EEUFM1C681( )
EEUFM1C102( )
EEUFM1C122L( )
EEUFM1C152( )
EEUFM1C222( )
EEUFM1C272L
EEUFM1C272S( )
EEUFM1C332L
EEUFM1C392( )
Straight
Taping
leads
200
200
200
200
200
200
200
200
200
200
200
100
100
100
100
200
200
200
200
200
200
200
200
200
200
200
100
100
100
100
200
200
200
200
200
200
200
200
200
200
200
100
100
100
100
2000
2000
1000
1000
500
1000
500
500
500
500
500
—
—
250
250
2000
2000
1000
1000
500
1000
500
500
500
500
500
—
250
—
250
2000
2000
1000
1000
500
1000
500
500
500
500
500
—
250
—
250
*1: Ripple current (100 kHz / +105 ℃)
*2: Impedance (100 kHz / +20 ℃)
・ When requesting taped product, please put the letter "B" or "H" be tween the "( )".
Lead wire pitch ✽B=5 mm, 7.5 mm, H=2.5 mm.
・ Please refer to the page of “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.
28-Feb-20
Aluminum Electrolytic Capacitors (Radial Lead Type)
FM series
Characteristics list
Case size
Rated
voltage
(V)
Capacitance
(±20 %)
(μF)
47
100
220
330
470
25
680
820
1000
1500
1800
2200
2700
33
68
150
220
330
35
470
560
680
1000
1200
50
1500
1800
22
56
100
120
150
180
220
270
330
470
560
680
820
1000
(mm)
φD
5.0
6.3
8.0
8.0
10.0
8.0
10.0
10.0
10.0
12.5
12.5
12.5
16.0
12.5
16.0
5.0
6.3
8.0
8.0
10.0
8.0
10.0
10.0
10.0
12.5
12.5
12.5
16.0
12.5
16.0
5.0
6.3
8.0
8.0
10.0
8.0
10.0
10.0
10.0
12.5
12.5
12.5
12.5
16.0
16.0
L
11.0
11.2
11.5
15.0
12.5
20.0
16.0
20.0
25.0
20.0
25.0
30.0
20.0
35.0
25.0
11.0
11.2
11.5
15.0
12.5
20.0
16.0
20.0
25.0
20.0
25.0
30.0
20.0
35.0
25.0
11.0
11.2
11.5
15.0
12.5
20.0
16.0
20.0
25.0
20.0
25.0
30.0
35.0
20.0
25.0
(mA rms)
dance
(Ω)
Endurance
(h)
Lead
dia.
280
455
950
1240
1290
1560
1790
2180
2470
2600
3190
3630
3300
3750
3820
280
455
950
1240
1290
1560
1790
2180
2470
2600
3190
3630
3300
3750
3820
250
405
870
1140
1170
1430
1650
1890
2150
2260
2660
3160
3270
2870
3320
0.300
0.130
0.056
0.041
0.038
0.030
0.026
0.019
0.018
0.018
0.015
0.013
0.017
0.012
0.014
0.300
0.130
0.056
0.041
0.038
0.030
0.026
0.019
0.018
0.018
0.015
0.013
0.017
0.012
0.014
0.340
0.140
0.061
0.045
0.042
0.033
0.030
0.023
0.022
0.022
0.018
0.016
0.014
0.019
0.016
2000
2000
3000
3000
4000
4000
4000
5000
5000
5000
7000
7000
5000
7000
7000
2000
2000
3000
3000
4000
4000
4000
5000
5000
5000
7000
7000
5000
7000
7000
2000
2000
3000
3000
4000
4000
4000
5000
5000
5000
7000
7000
7000
5000
7000
0.5
0.5
0.6
0.6
0.6
0.6
0.6
0.6
0.6
0.6
0.6
0.8
0.8
0.8
0.8
0.5
0.5
0.6
0.6
0.6
0.6
0.6
0.6
0.6
0.6
0.6
0.8
0.8
0.8
0.8
0.5
0.5
0.6
0.6
0.6
0.6
0.6
0.6
0.6
0.6
0.6
0.8
0.8
0.8
0.8
Ripple
*1
current
Impe-
*2
Min. Packaging
Q'ty(PCS)
Lead length (mm)
Specification
(φd)
Part No.
Lead space
Straight
Taping
✽B
Taping
✽H
2.0
2.5
3.5
3.5
5.0
3.5
5.0
5.0
5.0
5.0
5.0
5.0
7.5
5.0
7.5
2.0
2.5
3.5
3.5
5.0
3.5
5.0
5.0
5.0
5.0
5.0
5.0
7.5
5.0
7.5
2.0
2.5
3.5
3.5
5.0
3.5
5.0
5.0
5.0
5.0
5.0
5.0
5.0
7.5
7.5
5.0
5.0
5.0
5.0
5.0
5.0
5.0
5.0
5.0
5.0
5.0
—
7.5
—
7.5
5.0
5.0
5.0
5.0
5.0
5.0
5.0
5.0
5.0
5.0
5.0
—
7.5
—
7.5
5.0
5.0
5.0
5.0
5.0
5.0
5.0
5.0
5.0
5.0
5.0
—
—
7.5
7.5
2.5
2.5
—
—
—
—
—
—
—
—
—
—
—
—
—
2.5
2.5
—
—
—
—
—
—
—
—
—
—
—
—
—
2.5
2.5
—
—
—
—
—
—
—
—
—
—
—
—
—
EEUFM1E470( )
EEUFM1E101( )
EEUFM1E221( )
EEUFM1E331L( )
EEUFM1E331( )
EEUFM1E471L( )
EEUFM1E471( )
EEUFM1E681( )
EEUFM1E821L( )
EEUFM1E102( )
EEUFM1E152( )
EEUFM1E182L
EEUFM1E182S( )
EEUFM1E222L
EEUFM1E272( )
EEUFM1V330( )
EEUFM1V680( )
EEUFM1V151( )
EEUFM1V221L( )
EEUFM1V221( )
EEUFM1V331L( )
EEUFM1V331( )
EEUFM1V471( )
EEUFM1V561L( )
EEUFM1V681( )
EEUFM1V102( )
EEUFM1V122L
EEUFM1V122S( )
EEUFM1V152L
EEUFM1V182( )
EEUFM1H220( )
EEUFM1H560( )
EEUFM1H101( )
EEUFM1H121L( )
EEUFM1H151( )
EEUFM1H181L( )
EEUFM1H221( )
EEUFM1H271( )
EEUFM1H331L( )
EEUFM1H471( )
EEUFM1H561( )
EEUFM1H681L
EEUFM1H821L
EEUFM1H821S( )
EEUFM1H102( )
Straight
Taping
leads
200
200
200
200
200
200
200
200
200
200
200
100
100
100
100
200
200
200
200
200
200
200
200
200
200
200
100
100
100
100
200
200
200
200
200
200
200
200
200
200
200
100
100
100
100
2000
2000
1000
1000
500
1000
500
500
500
500
500
—
250
—
250
2000
2000
1000
1000
500
1000
500
500
500
500
500
—
250
—
250
2000
2000
1000
1000
500
1000
500
500
500
500
500
—
—
250
250
*1: Ripple current (100 kHz / +105 ℃)
*2: Impedance (100 kHz / +20 ℃)
・ When requesting taped product, please put the letter "B" or "H" be tween the "( )".
Lead wire pitch ✽B=5 mm, 7.5 mm, H=2.5 mm.
・ Please refer to the page of “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.
28-Feb-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($&+5HJXODWLRQSOHDVHVHOHFW6DOHV,QTXLU\LQWKH
ZHEVLWHLQTXLU\IRUPDQGFRQWDFWXV
:HGRQRWWDNHDQ\UHVSRQVLELOLW\IRUWKHXVHRIRXUSURGXFWVRXWVLGHWKHVFRSHRIWKH
VSHFLILFDWLRQVGHVFULSWLRQVJXLGHOLQHVDQGSUHFDXWLRQVGHVFULEHGLQWKLVRQOLQHFDWDORJ
2FW
1RWLFHV,WHPVWREHREVHUYHG
1RWLFHV
ٹ$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
$OXPLQXP(OHFWURO\WLF&DSDFLWRUV5DGLDOOHDG7\SH
岜岜$SSOLFDWLRQJXLGHOLQHVق5DGLDOOHDG7\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
$OXPLQXP(OHFWURO\WLF&DSDFLWRUV5DGLDOOHDG7\SH
2YHUYROWDJH
'RQRWDSSO\YROWDJHVH[FHHGLQJWKHPD[LPXPVSHFLILHGUDWHGYROWDJH9ROWDJHVXSWRWKHVXUJHYROWDJH
UDWLQJDUHDFFHSWDEOHIRUVKRUWSHULRGVRIWLPH
(QVXUHWKDWWKHVXPRIWKH'&YROWDJHDQGWKHVXSHULPSRVHG$&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
:KHQGLSSLQJLQWRDVROGHUEDWKDQH[FHVVVROGHUPD\GHSRVLWXQGHUWKHFDSDFLWRUE\FDSLOODU\DFWLRQ
FDXVLQJVKRUWFLUFXLWEHWZHHQDQRGHDQGFDWKRGHWHUPLQDOV
&LUFXLW%RDUG+ROH3RVLWLRQLQJ
7KHYLQ\OVOHHYHRIWKHFDSDFLWRUFDQEHGDPDJHGLIVROGHUSDVVHVWKURXJKDOHDGKROHLQWRWKHVXEVHTXHQWO\
SURFHVVHGSDUWV
6SHFLDOFDUHZKHQORFDWLQJKROHSRVLWLRQVLQSUR[LPLW\WRFDSDFLWRUVLVUHFRPPHQGHG
&LUFXLW%RDUG+ROH6SDFLQJ
7KHVSDFLQJRIFLUFXLWERDUGKROHVVKRXOGPDWFKWKHOHDGZLUHVSDFLQJRIFDSDFLWRUVZLWKLQWKHVSHFLILHG
WROHUDQFHV,QFRUUHFWVSDFLQJFDQFDXVHDQH[FHVVLYHOHDGZLUHVWUHVVGXULQJWKHLQVHUWLRQSURFHVV
7KLVPD\UHVXOWLQSUHPDWXUHFDSDFLWRUIDLOXUHGXHWRWKHVKRUWRURSHQFLUFXLWLQFUHDVHGOHDNDJHFXUUHQW
RUHOHFWURO\WHOHDNDJH
&OHDUDQFHIRUFDVHPRXQWHGSUHVVXUHUHOLHI
&DSDFLWRUVZLWKFDVHPRXQWHGSUHVVXUHUHOLHIUHTXLUHVXIILFLHQWFOHDUDQFHWRDOORZIRUSURSHUSUHVVXUH
UHOLHIRSHUDWLRQ
7KHPLQLPXPFOHDUDQFHDUHGHSHQGHQWRQFDSDFLWRUGLDPHWHUVDVIROORZV
'LDPPWR'LDPPPPPLQLPXP'LDPPPPPLQLPXP
:LULQJQHDUWKHSUHVVXUHUHOLHI
$YRLGORFDWLQJKLJKYROWDJHRUKLJKFXUUHQWZLULQJRUFLUFXLWERDUGSDWKVDERYHWKHSUHVVXUHUHOLHI
)ODPPDEOHKLJKWHPSHUDWXUHJDVWKDWH[FHHGV&PD\EHUHOHDVHGZKLFKFRXOGGLVVROYHWKHZLUH
LQVXODWLRQDQGLJQLWH
&LUFXLWERDUGSDWWHUQVXQGHUWKHFDSDFLWRU
$YRLGFLUFXLWERDUGUXQVXQGHUWKHFDSDFLWRUDVDQHOHFWULFDOVKRUWFDQRFFXUGXHWRDQHOHFWURO\WHOHDNDJH
3OHDVHQRWHWKHUHVRQDQWDIWHUSURGXFWLPSOHPHQWDWLRQ
7KHYLFLQLW\RIWKHUHVRQDQWSRLQWZLOOWDNHDKHDY\ORDGRQWKHFDSDFLWRU
&DSDFLWRUVFDQFDXVHUDSLGFKDQJHLQFKDUDFWHULVWLFVDQGGURSRXWE\WKLVORDG
(OHFWULFDOLVRODWLRQRIWKHFDSDFLWRU
&RPSOHWHO\LVRODWHWKHFDSDFLWRUDVIROORZV
%HWZHHQWKHFDWKRGHDQGWKHFDVHDQGEHWZHHQWKHDQRGHWHUPLQDODQGRWKHUFLUFXLWSDWKV
2FW
$OXPLQXP(OHFWURO\WLF&DSDFLWRUV5DGLDOOHDG7\SH
&DSDFLWRU6OHHYH
7KHYLQ\OVOHHYHRUODPLQDWHFRDWLQJLVLQWHQGHGIRUPDUNLQJDQGLGHQWLILFDWLRQSXUSRVHVDQGLVQRWPHDQWWR
HOHFWULFDOO\LQVXODWHWKHFDSDFLWRU
7KHVOHHYHPD\VSOLWRUFUDFNLILPPHUVHGLQWRVROYHQWVVXFKDVWROXHQHRU[\OHQHDQGWKHQVXEVHTXHQWO\
H[SRVHGWRKLJKWHPSHUDWXUHV
&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
&DSDFLWRULQVHUWLRQ
9HULI\WKHFRUUHFWFDSDFLWDQFHDQGUDWHGYROWDJHRIWKHFDSDFLWRU
9HULI\WKHFRUUHFWSRODULW\RIWKHFDSDFLWRUEHIRUHLQVHUWLRQ
9HULI\WKHFRUUHFWWHUPLQDOGLPHQVLRQDQGODQGSDWWHUQVL]HEHIRUHPRXQWWRDYRLGVWUHVVRQWKHWHUPLQDOV
(QVXUHWKDWWKHOHDGFOLQFKLQJRSHUDWLRQGRQHE\DXWRLQVHUWLRQHTXLSPHQWVGRHVQRWVWUHVVWKHFDSDFLWRUOHDGV
ZKHUHWKH\HQWHUWKHVHDORIWKHFDSDFLWRU
)ORZ6ROGHULQJ
'RQRWLPPHUVHWKHFDSDFLWRUERG\LQWRWKHVROGHUEDWKDVH[FHVVLYHLQWHUQDOSUHVVXUHFRXOGUHVXOW
$SSO\SURSHUVROGHULQJFRQGLWLRQVWHPSHUDWXUHWLPHHWF'RQRWH[FHHGWKHVSHFLILHGOLPLWV
'RQRWDOORZRWKHUSDUWVRUFRPSRQHQWVWRWRXFKWKHFDSDFLWRUGXULQJVROGHULQJ
5DGLDOOHDGW\SHFDSDFLWRUVDUHQRWDOORZHGIRUWKHUHIORZVROGHULQJ
0DQXDOVROGHULQJ
$SSO\VROGHULQJFRQGLWLRQVWHPSHUDWXUHDQGWLPHEDVHGRQWKHVSHFLILFDWLRQRUGRQRWH[FHHGWHPSHUDWXUH
RI٦IRUVHFRQGVRUOHVV
,IOHDGZLUHVPXVWEHPRGLILHGWRPHHWWHUPLQDOERDUGKROHVSDFLQJDYRLGVWUHVVRQWKHOHDGZLUHZKHUHLW
HQWHUVWKHFDSDFLWRUVHDO
,IDVROGHUHGFDSDFLWRUPXVWEHUHPRYHGDQGUHLQVHUWHGDYRLGH[FHVVLYHVWUHVVRQWKHFDSDFLWRUOHDGV
$YRLGSK\VLFDOFRQWDFWVEHWZHHQWKHWLSRIWKHVROGHULQJLURQDQGFDSDFLWRUVWRSUHYHQWPHOWLQJRIWKHYLQ\OVOHHYH
2WKHU6ROGHULQJ&RQVLGHUDWLRQV
5DSLGWHPSHUDWXUHULVHGXULQJWKHSUHKHDWRSHUDWLRQDQGUHVLQERQGLQJRSHUDWLRQFDQFDXVHFUDFNLQJRIWKH
FDSDFLWRUbVYLQ\OVOHHYH
)RUKHDWFXULQJGRQRWH[FHHG&IRUWKHPD[LPXPWLPHRIPLQXWHV
&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&DSDFLWRUV5DGLDOOHDG7\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&DSDFLWRUV5DGLDOOHDG7\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
)&).+'7$73
([SLUDWLRQGDWH
PRQWKVIURP
RXWJRLQJ
LQVSHFWLRQGDWH
)RUVWRUDJHFRQGLWLRQNHHSURRPWHPSHUDWXUH&WR&DQGKXPLGLW\WRZKHUHGLUHFW
VXQVKLQHGRHVQ
WUHDFK
(كقQYLURQPHQWDO&RQGLWLRQV
'RQRWVWRUHXQGHUFRQGLWLRQRXWVLGHWKHDUHDGHVFULEHGLQWKHVSHFLILFDWLRQDQGDOVRXQGHUFRQGLWLRQVOLVWHG
EHORZ
D([SRVXUHWRWHPSHUDWXUHVDERYHWKHXSSHUFDWHJRU\RUEHORZWKHORZHUFDWHJRU\WHPSHUDWXUHRIWKH
FDSDFLWRU
E'LUHFWFRQWDFWZLWKZDWHUVDOWZDWHURURLO
F+LJKKXPLGLW\FRQGLWLRQVZKHUHZDWHUFRXOGFRQGHQVHRQWKHFDSDFLWRU
G([SRVXUHWRWR[LFJDVHVVXFKDVK\GURJHQVXOILGHVXOIXULFDFLGQLWULFDFLGFKORULQH&KORULQHFRPSRXQG
岜%URPLQH%URPLQHFRPSRXQGRUDPPRQLD
H([SRVXUHWRR]RQHUDGLDWLRQRUXOWUDYLROHWUD\V
I9LEUDWLRQDQGVKRFNFRQGLWLRQVH[FHHGLQJVSHFLILHGUHTXLUHPHQWV
&DSDFLWRUGLVSRVDO
:KHQGLVSRVLQJFDSDFLWRUVXVHRQHRIWKHIROORZLQJPHWKRGV
,QFLQHUDWHDIWHUFUXVKLQJWKHFDSDFLWRURUSXQFWXULQJWKHFDQZDOOWRSUHYHQWH[SORVLRQGXHWRLQWHUQDO
SUHVVXUHULVH
'LVSRVHDVVROLGZDVWH
127(/RFDOODZVPD\KDYHVSHFLILFGLVSRVDOUHTXLUHPHQWVZKLFKPXVWEHIROORZHG
7KHSUHFDXWLRQVLQXVLQJDOXPLQXPHOHFWURO\WLFFDSDFLWRUVIROORZWKH6DIHW\DSSOLFDWLRQJXLGH
IRUWKHXVHLQIL[HGDOXPLQXPHOHFWURO\WLFFDSDFLWRUVIRUHOHFWURQLFHTXLSPHQW5&5'
LVVXHGE\-(,7$LQ2FWREHU
3OHDVHUHIHUWRWKHDERYHDSSOLFDWLRQJXLGHIRUGHWDLOV
2FW