%$6,&23(5$7,21
5(/%87721
3UHVVWKH5(/EXWWRQWRGHWDFKWKHUHPRYDEOHIURQWSDQHO
32:(52Q2II02'%87721
3UHVVLWWRVZLWFKWKHGHYLFH21SUHVVDQGKROGDSSUR[LPDWHO\VHFRQGVWRVZLWFKWKHGHYLFH2))
'XULQJSOD\EDFNPRGH\RXFDQSUHVVLWWRVHOHFWDQLQSXWPRGHE\SUHVVLQJUHSHDWHGO\$8;,1!5$',2!',6&
!%7086,&
,I\RXDUHLQ86%SOD\EDFNPRGHDQGZDQWWRVHOHFWWKH',6&PRGHSUHVVWKH6723EXWWRQDQGWKHQSUHVVWKH*272
EXWWRQ
92/92/6(/%87721
3UHVV6(/EXWWRQEULHIO\WRF\FOHWKURXJKWKHVRXQGSLFWXUHPRGHVHOHFWLRQPHQX6HOHFWWKHLQGLYLGXDOPHQXLWHPV
VXFKDVYROXPHEDVVWUHEOHEDODQFHIDGHUFRORUEULJKWFRQWUDVWWLQW%*FRORUDQG%OXHWRRWK7KHQURWDWHWKH
92/WRDGMXVWWKHVHOHFWHGPRGH7KHFRUUHVSRQGLQJYDOXHZLOOVKRZRQWKHGLVSOD\
:KHQPRGHKDVQRWEHHQDGMXVWHGIRUVHYHUDOVHFRQGVGLVSOD\UHWXUQVWRQRUPDOUDGLRRU&'GLVSOD\
%$1'%87721
,Q5$',2PRGHSUHVVWKH%$1'EXWWRQRQWKHIURQWSDQHORURQWKHUHPRWHFRQWUROOHUWRVHOHFW\RXUGHVLUHGUDGLR
VEDQGDQGZRUGZKLFKEDQGLVVHOHFWHGZLOOEHGLVSOD\HGLQWKH7)73UHVVLWWRFKDQJHWKHEDQGVDVEHORZ
,Q%OXHWRRWKPHQX\RXFDQSUHVVWKLVEXWWRQWRXVHWKH%OXHWRRWKIXQFWLRQSOHDVHUHIHUWRSDJH
)00:
7$$)%87721
7$)XQFWLRQ>WUDIILF$QQRXQFHPHQW@%XWWRQIRU5'6RQO\LQUDGLRPRGH
:KHQSUHVVHGEULHIO\LWLVDFWLYDWHGDV7$PRGH21RU2))
'XULQJUDGLRRSHUDWLRQLQRQH)0IUHTXHQF\EDQGWKHVHDUFKIRUDWUDIILFDQQRXQFHPHQWVWDWLRQLVVWDUWHGDXWRPDWLFDOO\
7$6((.
,IDQ)0VWDWLRQLVUHFHLYHGZKLFKWUDQVPLWVWKHODWHVWWUDIILFDQQRXQFHPHQWVWKH73GLVSOD\OLJKWVXS
,IDQ)0VWDWLRQLVUHFHLYHGZKLFKWUDQVPLWVWKHODWHVWWUDIILFDQQRXQFHPHQWVLWDXWRPDWLFDOO\LQWHUUXSWV&'SOD\EDFN
75$)),&DSSHDUVLQWKHGLVSOD\
7KHYROXPHOHYHOLVLQFUHDVHGWRWKHPLQLPXPYDOXHIRUWKHWUDQVPLVVLRQRIWKHWUDIILFDQQRXQFHPHQWV$IWHUWKHWUDIILF
DQQRXQFHPHQWKDVILQLVKHGWKHSUHYLRXVSURJUDPLVUHVXPHG
$)>$OWHUQDWLYH)UHTXHQFLHV@
:KHQWXUQLQJWKH6(/EXWWRQWRZDUGV7$$)IRUPRUHWKDQVHFRQGV$)RQRIILVDFWLYDWHG
$)RII$)PRGHLVVZLWFKHGRIISUHVVDQGKROG$)DJDLQ
$)RQ$)PRGHLVVZLWFKHGRQWKHUDGLRFKHFNVWKHVLJQDOVWUHQJWKFRQWLQXRXVO\,IWKHDOWHUQDWLYHIUHTXHQF\LV
VWURQJHUWKDQWKHVHWIUHTXHQF\WKHUDGLRVZLWFKHVWRWKHDOWHUQDWLYHIUHTXHQF\DQG1(:)5(48(1&<LV
GLVSOD\HGIRUVHFRQGV
$)IODVKHV$)PRGHVLVVHOHFWHGEXWQR5'6LQIRUPDWLRQLVUHFHLYHG\HW
3UHVVDQGKROG6(/EXWWRQWRDFFHVV
5(*215(*2))3,087(3,6281'$)2))$)21
5HJLRQDOPRGH21
3,&2'(LVFKHFNHGZKHQ$)&+(&.LQSURJUHVV
7LQW &RQWUDVW %ULJKW &RORU %*&RORU
9ROXPH %DVV 7UHEOH %DODQFH )DGHU %OXHWRRWK
(21
5(/
02'
92/
723
537
,17
92/
$8;,1
&$5'9'9&'&'033/$<(5:,7+03(*
5'0
,5
5(7
7$$)
08
37<
%1'
6(/
$
3
6
'
,
6
3
,
3$,5
0,&