MONUMENT Mesa 400m Propane Gas Grill Instruction Manual
- June 10, 2024
- MONUMENT
Table of Contents
Mesa 400m Propane Gas Grill
Product Information
This product is a 3-in-1 tool which includes an electric drill,
screwdriver, and hammer. It has a durable and ergonomic design that
allows for comfortable use and efficient results. The product also
includes various accessories such as drill bits and screws for
different types of surfaces and materials.
Product Usage Instructions
-
Before using the product, ensure that it is fully charged or
connected to a power source. -
To use the electric drill, insert the appropriate drill bit and
adjust the speed settings according to the surface/material being
drilled. -
To use the screwdriver, attach the appropriate screwdriver bit
and adjust the torque settings according to the type of screw being
used. -
To use the hammer feature, switch the product to hammer mode
and select the appropriate hammer bit for the surface being worked
on. -
Always wear protective gear such as safety glasses and gloves
when using the product. -
When finished, clean the product and store it in a safe
place.
Refer to the user manual for detailed instructions on using each
feature of the product and for safety precautions.
$66(0%/< 23(5$7,1,16758&7,216
/LTXLG3URSDQHDV*ULOO
3DUWV $VVHPEO 6DIHW5XOHV 8VHDQG&DUH 7URXEOHVKRRWLQJ
:$51,1*
5HDGWKLV2ZQHU¶VPDQXDOFDUHIXOODQGEH VXUHRXUJDVJULOOLVSURSHUODVVHPEOHG
LQVWDOOHGDQGPDLQWDLQHG)DLOXUHWRIROORZ
WKHVHLQVWUXFWLRQVFRXOGUHVXOWLQVHULRXVLQMXU DQGRUSURSHUWGDPDJH7KLVJDVJULOOLV
LQWHQGHGIRURXWGRRUXVHRQODQGLVQRW LQWHQGHGWREHLQVWDOOHGLQRURQUHFUHDWLRQDO
YHKLFOHVRUERDWV
1RWHWR,QVWDOOHU /HDYHWKLV2ZQHU¶V0DQXDOZLWKWKHFXVWRPHU
DIWHUGHOLYHUDQGRULQVWDOODWLRQ
1RWHWR&RQVXPHU
/HDYHWKLV2ZQHU¶V0DQXDOLQDFRQYHQLHQW SODFHIRUIXWXUHUHIHUHQFH
&XVWRPHU6HUYLFH+HOSOLQH )RUSDUWVRUGHULQJFDOO
0)*1R0HVDP 83&1R 3OHDVHPDNHVXUHWKHFOLQGHUYDOYH
FRQQHFWLRQGHYLFHVKDOOSURSHUODQGVDIHO PDWHZLWKWKHFRQQHFWLRQGHYLFHDWWDFKHGWR
WKHLQOHWRIWKHSUHVVXUHUHJXODWRU
&$
7DEOHRI&RQWHQWV
6DIHW3UHFDXWLRQV
:DUUDQW 6DIHW3UHFDXWLRQVa +DUGZDUH/LVW 3DUWV’LDJUDP 3DUWV/LVW
:$51,1*
&RPEXVWLRQESURGXFWVSURGXFHGZKHQXVLQJ WKLVSURGXFWFRQWDLQFKHPLFDOVNQRZQWRWKH
6WDWHRI&DOLIRUQLDWRFDXVHFDQFHUELUWKGHIHFWV RURWKHUUHSURGXFWLYHKDUP
$VVHPEO,QVWUXFWLRQVa /LJKWLQJ,QVWUXFWLRQVa &OHDQLQJDQG0DLQWHQDQFH 7URXEOHVKRRWLQJ &RRNLQJ,QVWUXFWLRQ &RRNLQJ&KDUW
:$51,1
)DLOXUHWRFRPSOZLWKWKHVHLQVWUXFWLRQVFRXOG
UHVXOWLQDILUHRUH[SORVLRQWKDWFRXOGFDXVH VHULRXVERGLOLQMXUGHDWKRUSURSHUWGDPDJH
:$51,1
<RXUJULOOZLOOJHWYHUKRW1HYHUOHDQRYHUWKH
*ULOO:DUUDQW
FRRNLQJDUHDZKLOHXVLQJRXUJULOO’RQRWWRXFK FRRNLQJVXUIDFHVJULOOKRXVLQJOLGRUDQRWKHU
JULOOSDUWVZKLOHWKHJULOOLVLQRSHUDWLRQRUXQWLO
WKHJDVJULOOKDVFRROHGGRZQDIWHUXVH
2QH<HDU)XOO:DUUDQWRQ*ULOO ,IWKLVJULOOIDLOVGXHWRGHIHFWLYHPDWHULDORU ZRUNPDQVKLSZLWKLQRQHHDUIURPWKHGDWHRI SXUFKDVHFDOOWRDUUDQJHIRUDIUHHUHSDLURU UHSODFHPHQWLIUHSDLUSURYHVLPSRVVLEOH
)DLOXUHWRFRPSOZLWKWKHVHLQVWUXFWLRQVPD UHVXOWLQVHULRXVERGLOLQMXU
:$51,1*
‘RQRWVWRUHRUXVHJDVROLQHRU
<HDU/LPLWHG:DUUDQWRQ6WDLQOHVV6WHHO %XUQHUV )RUHLJKWHDUVIURPWKHGDWHRISXUFKDVHDQ VWDLQOHVVVWHHOEXUQHUWKDWUXVWVWKURXJKZLOOEH UHSODFHGIUHHRIFKDUJH$IWHUWKHILUVWHDUIURPWKH GDWHRISXUFKDVHRXSDIRUODERULIRXZLVKWRKDYH LWLQVWDOOHG
RWKHUIODPPDEOHOLTXLGVRU YDSRUVLQWKHYLFLQLWRIWKLVRU DQRWKHUDSSOLDQFH $Q/3FOLQGHUQRWFRQQHFWHGIRU XVHVKDOOQRWEHVWRUHGLQWKH YLFLQLWRIWKLVRUDQRWKHU
$OOZDUUDQWFRYHUDJHH[FOXGHVLJQLWRUEDWWHULHVDQG JULOOSDUWSDLQWORVVGLVFRORUDWLRQRUUXVWLQJZKLFKDUH HLWKHUH[SHQGDEOHSDUWVWKDWFDQZHDURXWIURPQRUPDO XVHZLWKLQWKHZDUUDQWSHULRGRUDUHFRQGLWLRQVWKDW FDQEHWKHUHVXOWRUQRUPDOXVHDFFLGHQWRULPSURSHU PDLQWHQDQFH
DSSOLDQFH
‘$1*(5
,IRXVPHOOJDV 6KXWRIIJDVWRWKHDSSOLDQFH ([WLQJXLVKDQRSHQIODPH
$OOZDUUDQWFRYHUDJHLVYRLGLIWKLVJULOOLVHYHUXVHG IRUFRPPHUFLDORUUHQWDOSXUSRVHV
2SHQOLG ,IRGRUFRQWLQXHVNHHSDZD
$OOZDUUDQWFRYHUDJHDSSOLHVRQOLIWKLVJULOOLVXVHGLQ WKH1RUWK$PHULFD
IURPWKHDSSOLDQFHDQG LPPHGLDWHOFDOORXUJDV
7KLVZDUUDQWJLYHVRXVSHFLILFOHJDOULJKWVDQGRX
PDKDYHRWKHUULJKWZKLFKYDUIURPVWDWHWRVWDWH
7KHZDUUDQWLVRQOYDOLGIRURULJLQDOSXUFKDVHUVZLWK
SURRIRISXUFKDVHIURPDXWKRUL]HGUHWDLOHUV$Q SURGXFWERXJKWVHFRQGKDQGRUWKURXJKDQ
XQDXWKRUL]HGUHWDLOHUZLOOQRWEHFRYHUHGEZDUUDQW
,WLVWKHGXWRIWKHSXUFKDVHUWRYHULIWKDWDUHWDLOHULV
DXWKRUL]HG$SXUFKDVHRQ$PD]RQRURWKHU
PDUNHWSODFHLQWHUQHWUHWDLOHUIURPDQHQWLWRWKHUWKDQ
0RQXPHQW*ULOOVLVQRWDQRULJLQDOSXUFKDVHDQGZLOO QRWTXDOLIIRUDZDUUDQW
VXSSOLHURURXUILUHGHSDUWPHQW
ULOO,QVWDOODWLRQ&RGHV 7KHLQVWDOODWLRQPXVWFRQIRUPZLWKORFDOFRGHVRULQ WKHDEVHQFHRIORFDOFRGHVZLWKHLWKHUWKHQDWLRQDOIXHO JDVFRGH$16,=1)3$61DWXUDOJDVDQG SURSDQHLQVWDOODWLRQFRGH&6$%RUSURSDQH VWRUDJHDQGKDQGOLQJFRGH%RUWKHVWDQGDUGIRU 5HFUHDWLRQDOYHKLFOHV$16,$DQG&6$= 59VHULHVUHFUHDWLRQDOYHKLFOHFRGHDVDSSOLFDEOH /3JDVJULOOPRGHOVDUHGHVLJQHGIRUXVHZLWKD VWDQGDUGOE/LTXLG3URSDQHDVWDQNQRWLQFOXGHG
ZLWKJULOO1HYHUFRQQHFWRXUJDVJULOOWRDQ/3JDV
WDQNWKDWH[FHHGVWKLVFDSDFLW
6DIHW3UHFDXWLRQV
$WDQNRIDSSUR[LPDWHOLQFKHVLQGLDPHWHUE LQFKHVKLJKLVWKHPD[LPXPVL]H/3JDVWDQNWR
XVH<RXPXVWXVHDQ23’JDVWDQNZKLFKRIIHUV DQ2YHUILOO3UHYHQWLRQ’HYLFH
7KLVVDIHWIHDWXUHSUHYHQWVWKHWDQNIURPEHLQJ
RYHUILOOHGZKLFKFDQFDXVHPDOIXQFWLRQRIWKH/3JDV WDQNUHJXODWRUDQGRUJULOO
7KH/3JDVWDQNPXVWEHFRQVWUXFWHGDQGPDUNHGLQ
DFFRUGDQFHZLWKVSHFLILFDWLRQVRIWKH86’HSWRI
7UDQVSRUWDWLRQ’27,Q&DQDGDWKH/3JDVWDQN PXVWPHHWWKH1DWLRQDO6WDQGDUGRI&DQDGD&DQ
&6$±%&OLQGHUVVSKHUHVDQG7XEHVIRU 7UDQVSRUWDWLRQRI’DQJHURXVRRGVDQG &RPPLVVLRQ
7KH/3JDVWDQNPXVWKDYHDVKXWRIIYDOYH WHUPLQDWLQJLQDQ/3JDVVXSSOWDQNYDOYHRXWOHW
WKDWLVFRPSDWLEOHZLWKD7SHWDQNFRQQHFWLRQ GHYLFH7KH/3JDVWDQNPXVWDOVRKDYHDVDIHW
UHOLHIGHYLFHWKDWKDVDGLUHFWFRQQHFWLRQZLWKWKH YDSRUVSDFHRIWKHWDQN
$OZDVNHHS/3JDVWDQNVLQDQXSULJKWSRVLWLRQ 7KHWDQNVXSSOVVWHPPXVWEHDUUDQJHGIRUYDSRU
ZLWKGUDZ 7KH/3JDVWDQNXVHGPXVWKDYHDFROODUWR SURWHFWWKHWDQNYDOYH
3URSHU3ODFHPHQWDQG&OHDUDQFHRIULOO 1HYHUXVHRXUJDVJULOOLQDJDUDJHSRUFKVKHG
EUHH]HZDRUDQRWKHUHQFORVHGDUHD<RXUJDVJULOO
LVWREHXVHGRXWGRRUVRQODWOHDVWLQFKHVIURP
WKHEDFNDQGVLGHRIDQFRPEXVWLEOHVXUIDFH<RXU JDVJULOOVKRXOGQRWEHXVHGXQGHURYHUKHDG
FRPEXVWLEOHFRQVWUXFWLRQ’RQRWREVWUXFWWKHIORZRI
YHQWLODWLRQDLUDURXQGWKHJDVJULOOKRXVLQJ ‘RQRWLQVWDOOWKLVRXWGRRUJDVJULOOLQRURQ
UHFUHDWLRQDOYHKLFOHVRUERDWV .HHSRXWGRRUJDVJULOODUHDFOHDUDQGIUHHIURP
FRPEXVWLEOHPDWHULDOVJDVROLQHDQGRWKHUIODPPDEOH YDSRUVDQGOLTXLGV
‘RQRWREVWUXFWWKHIORZRIFRPEXVWLRQDQG
YHQWLODWLRQDLU&KHFNIRUWKLVHDFKWLPHSULRUWRXVLQJ JULOO
1HYHUFRQQHFWDQXQUHJXODWHG/3JDVWDQNWRRXU
JDVJULOO7KHJDVUHJXODWRUDVVHPEOVXSSOLHGZLWK
RXUJDVJULOOLVDGMXVWHGWRKDYHDQRXWOHWSUHVVXUH
RI´ZDWHUFROXPQ:&IRUFRQQHFWLRQWRDQ/3 JDVWDQN
2QOXVHWKHUHJXODWRUDQGWKHKRVHDVVHPEO
VXSSOLHGZLWKRXUJDVJULOO5HSODFHPHQWUHJXODWRUV
DQGKRVHDVVHPEOLHVPXVWEHWKRVHVSHFLILHGLQWKLV PDQXDO
+DYHRXU/3JDVWDQNILOOHGEDUHSXWDEOH SURSDQHJDVGHDOHUDQGYLVXDOOLQVSHFWHGDQG
UHTXDOLILHGDWHDFKILOOLQJ
‘RQRWVWRUHDVSDUH/3JDVWDQNXQGHURU 1HYHUILOOWKHWDQNEHRQGSHUFHQWIXOO,IWKLV
LQIRUPDWLRQLVQRWIROORZHGH[DFWODILUHFDXVLQJ GHDWKRUVHULRXVLQMXUPDRFFXU
$OZDVNHHS/3JDVWDQNVLQDQXSULJKWSRVLWLRQ ‘RQRWVWRUHRURUXVHJDVROLQHRURWKHU
IODPPDEOHYDSRUVDQGOLTXLGVLQWKHYLFLQLWRIWKLV JDVJULOO
‘RQRWVXEMHFWWKH/3JDVWDQNWRH[FHVVLYHKHDW 1HYHUVWRUHDQ/3JDVWDQNLQGRRUV,IRXVWRUH
RXUJDVJULOOLQWKHJDUDJHRURWKHULQGRRU ORFDWLRQDOZDVGLVFRQQHFWWKH/3JDVWDQNILUVW
DQGVWRUHLWVDIHORXWVLGH
3ODFHGXVWFDSRQFOLQGHUYDOYHRXWOHWZKHQHYHU
WKHFOLQGHULVQRWLQXVH2QOLQVWDOOWKHWSHRI GXVWFDSRQWKHFOLQGHUYDOYHRXWOHWWKDWLV
SURYLGHGZLWKWKHFOLQGHUYDOYH2WKHUWSHVRI FDSVRUSOXJVPDUHVXOWLQOHDNDJHRISURSDQH
/3JDVWDQNVPXVWEHVWRUHGRXWGRRUVLQDZHOO YHQWLODWHGDUHDDQGRXWRIUHDFKRIFKLOGUHQ
‘LVFRQQHFWHG/3JDVWDQNVPXVWQRWEHVWRUHGLQ DEXLOGLQJJDUDJHRUDQRWKHUHQFORVHGDUHD
:KHQRXUJDVJULOOLVQRWLQXVHWKHJDVPXVWEH WXUQHGRIIDWWKH/3JDVWDQN
7KHSUHVVXUHUHJXODWRUDQGKRVHDVVHPEOPXVW
EHLQVSHFWHGEHIRUHHDFKXVHRIWKHJULOO,IWKHUH
LVH[FHVVLYHDEUDVLRQRUZHDURULIWKHKRVHLVFXW
LWPXVWEHUHSODFHGSULRUWRWKHJULOOEHLQJXVHG DJDLQ
.HHSWKHJDVUHJXODWRUKRVHDZDIURPKRWJULOO
VXUIDFHVDQGGULSSLQJJUHDVH$YRLGXQQHFHVVDU
WZLVWLQJRIKRVH9LVXDOOLQVSHFWWKHKRVHSULRUWR HDFKXVHIRUFXWVFUDFNVH[FHVVLYHZHDURU
RWKHUGDPDJH
1HYHUOLJKWRXUJDVJULOOZLWKWKHOLGFORVHGRU
EHIRUHFKHFNLQJWRHQVXUHWKHEXUQHUWXEHVDUH IXOOVHDWHGRYHUWKHJDVYDOYHRULILFHV
1HYHUDOORZFKLOGUHQWRRSHUDWHRXUJULOO
:$51,1
$VWURQJJDVVPHOORUWKHKLVVLQJVRXQGRIJDV
LQGLFDWHVDVHULRXVSUREOHPZLWKRXUJDVJULOORU
WKH/3JDVWDQN)DLOXUHWRLPPHGLDWHOIROORZWKH VWHSVOLVWHGEHORZFRXOGUHVXOWLQDILUHRU
H[SORVLRQWKDWFRXOGFDXVHVHULRXVERGLOLQMXU GHDWKRUSURSHUWGDPDJH
6KXWRIIJDVVXSSOWRWKHJDVJULOO 7XUQWKHFRQWURONQREVWR2))SRVLWLRQ
3XWRXWDQIODPHZLWKDSURSHUILUH H[WLQJXLVKHU 2SHQULOO/LG HWDZDIURPWKH/3JDVWDQN
‘RQRWWUWRIL[WKHSUREOHPRXUVHOI ,IRGRUFRQWLQXHVRURXKDYHDILUHRXFDQQRW
H[WLQJXLVKFDOORXUILUHGHSDUWPHQW’RQRWFDOO QHDUWKH/3JDVWDQNEHFDXVHRXUWHOHSKRQHLV
DIRUPRIHOHFWULFDOGHYLFHDQGFRXOGFUHDWHD VSDUNUHVXOWLQJLQILUHDQGRUH[SORVLRQ
127(7KHQRUPDOIORZRIJDVWKURXJKWKH UHJXODWRUDQGKRVHDVVHPEOFDQFUHDWHD
KXPPLQJQRLVH$ORZYROXPHRIQRLVHLVSHUIHFWO
QRUPDODQGZLOOQRWLQWHUIHUHZLWKRSHUDWLRQRIWKH
JULOO,IKXPPLQJQRLVHLVORXGDQGH[FHVVLYHRX PDQHHGWRSXUJHDLUIURPWKHJDVOLQHRUUHVHW
WKHUHJXODWRUH[FHVVJDVIORZGHYLFH7KLVSXUJLQJ SURFHGXUHVKRXOGEHGRQHHYHUWLPHDQHZ/3
JDVWDQNLVFRQQHFWHGWRRXUJULOO)RUKHOSZLWK WKLVSURFHGXUHUHIHUWRSDJH,WHPRI³,IULOO
6WLOO)DLOV7R/LJKW´
%XUQHU)ODPH&KHFN
9LVXDOOFKHFNWKHEXUQHUIODPHVSULRUWRHDFKXVH7KH
IODPHVVKRXOGORRNOLNHSLFWXUHLIWKHGRQRWUHIHUWRWKH
&OHDQLQJ%XUQHU7XEHVDQG%XUQHU3RUWVVHHSDJHRI WKLVPDQXDO
:$51,1*
3OHDVHHQVXUHFOHDQLQJWKHIODPHWDPHUFRRNLQJ
JULGJUHDVHSDQWUDDQGPDLQOLGLQFOXGLQJPDLQOLG
VLGHSDQHODIWHUHDFKXVH)DLOXUHWRFRPSOWKLV
FRXOGUHVXOWLQDILUHRUH[SORVLRQWKDWFRXOGFDXVH
VHULRXVERGLOLQMXUGHDWKRUSURSHUWGDPDJH
&$87,21%HZDUHRI)ODVK%DFN
&$87,216SLGHUVDQGVPDOOLQVHFWVRFFDVLRQDOO
VSLQZHEVRUPDNHQHVWVLQWKHJULOOEXUQHUWXEHV
GXULQJWUDQVLWDQGZDUHKRXVLQJ7KHVHZHEVFDQOHDG
WRJDVIORZREVWUXFWLRQZKLFKFRXOGUHVXOWLQDILUHLQ
DQGDURXQGEXUQHUWXEHV7KLVWSHRIILUHLVNQRZQDV
³)/$6+%$&.´DQGFDQFDXVHVHULRXVGDPDJHWR
RXUJULOODQGFUHDWHDQXQVDIHRSHUDWLQJFRQGLWLRQIRU WKHXVHU
$OWKRXJKDQREVWUXFWHGEXUQHUWXEHLVQRWWKHRQO FDXVHRI³)/$6+%$&.´LWLVWKHPRVWFRPPRQ
FDXVH
7RUHGXFHWKHFKDQFHRI³)/$6+%$&.´RXPXVW
FOHDQWKHEXUQHUWXEHVEHIRUHDVVHPEOLQJRXUJULOO
DQGDWOHDVWRQFHDPRQWKLQODWHVXPPHURUHDUOIDOO
ZKHQVSLGHUVDUHPRVWDFWLYH$OVRSHUIRUPWKLVEXUQHU
WXEHFOHDQLQJSURFHGXUHLIRXUJULOOKDVQRWEHHQXVHG IRUDQH[WHQGHGSHULRGRIWLPH
6HH&OHDQLQJ%XUQHU7XEHVDQG%XUQHU3RUWVRQSDJH
&RQWHQWVIRU+DUGZDUH3DFN
7KHIROORZLQJWDEOHLOOXVWUDWHVDEUHDNGRZQRIWKHKDUGZDUHSDFN,WKLJKOLJKWVZKDWFRPSRQHQWVDUHXVHG
LQ
WKHYDULRXVVWDJHVRIDVVHPEO
7RROVUHTXLUHGIRUDVVHPEO
3KLOLSV+HDG6FUHZGULYHUQRWLQFOXGHG
1RWH7KHOHIWDQGULJKWVLGHVRIWKHJULOODUHRQRXUOHIWDQGULJKWDVRXIDFHWKHIURQWRIWKHJULOO
3KLOLSV+HDG6FUHZGULYHU
0RGHO0HVDP 3DUWV’LDJUDP
0RGHO0HVDP 3DUWV/LVW
VHT DSSHOODWLRQ 12
0DLQ/LG
TW 0DWHULDOFRGH VHT DSSHOODWLRQ 12
‘; 6SLQGOH%HORZ’RRU3DQHO
TW 0DWHULDOFRGH $
7HPSHUDWXUH*DXJH
$ 6SDFLQJ6FUHZ%HORZ’RRU3DQHO
$
7HPSHUDWXUH*DXJH6HDW
$ &DUW%RWWRP3DQHO)URQW&XPPHUEXQG6WULS ‘
0DLQ/LG6FUHZ
$ 7ULDQJOH%UDFNHW
‘
0DLQ/LG+DQGOH +RRG%XIIHU :DUPLQJ5DFN &RRNLQJULG:LWK+ROH )ODPH7DPHU &ODPS6SULQJ 0DLQ%XUQHU 0DLQ%XUQHU,JQLWHU:LUH %DFN3DQHO7RS UHDVH%R[%UDFNHW UHDVH%R[ UHDVH7UD 6LGH%XUQHU/LG+LQJH5RG 6LGH%XUQHU/LG
‘ 6ZLYHO&DVWHU)L[LQJ3OXJ $ 6ZLYHO&DVWHU $ DVMDU)L[LQJ/LQH $ /LJKWLQJ5RG ‘ )URQW’RRU $ /(‘/DPS6ZLWFK $ /(‘/DPS&LUFXLW $ /(‘/DPS%RDUG ‘3 &RQWURO.QRE%DVH $ 0DLQ&RQWURO3DQHO ‘ 5HJXODWRU/3 ‘ DV&RQQHFWRU $ *DV&RQQHFWRU)L[LQJ3DQHO ‘ &RUUXJDWHG3LSH
$ $ $ $ ‘= $ $ $ ‘ ‘+ $ $ ‘ $
6LGH%XUQHU&RRNLQJ*ULG5LJKW
$ &RUUXJDWHG3LSH&RQQHFWRU
$
6LGH%XUQHU5LJKW
$ 6LGH*DV9DOYH
$
6LGH%XUQHU7UD
‘0 6LGH%XUQHU2ULILFH%UDFNHW&RQQHFWRU3LSH $
6LGH%XUQHU2ULILFH%UDFNHW
‘ 6LGH%XUQHU2ULILFH%UDFNHW
$
6LGH%XUQHU,JQLWHU5LJKW
$ 3XOVH,JQLWHU0RGXOH
$
6LGH%XUQHU,JQLWHU:LUH5LJKW
$ 0DLQ0DQLIROG
$
6LGH6KHOI%RDUG$VVHPEO5LJKW
‘+ 0DLQ*DV9DOYH
$
6LGH6KHOI’HFRUDWLRQ%RDUG5LJKW
‘3 3XOVH,JQLWHU,QVXODWLRQ&RYHU
‘
+RRN
‘ )URQW%DIIOH
‘0
6LGH6KHOI’HFRUDWLRQ%RDUG$VVHPEO5LJKW ‘0 &RQWURO3DQHO)L[LQJ3DQHO/HIW
‘
&RQWURO.QRE
$ &RQWURO3DQHO)L[LQJ3DQHO5LJKW
‘
6LGH3DQHO/HIW
‘ 6LGH6KHOI’HFRUDWLRQ3DQHO)URQW
‘0
‘RRU0DJQHW
$ 6LGH6KHOI’HFRUDWLRQ3DQHO/HIW
‘3
&DUW)UDPH)URQW
‘ 6LGH6KHOI%RDUG
‘0
%DFN3DQHO%RWWRP
‘3 )LUHER[
‘
%RWWRP3DQHO
‘3 /RJR
$
6LGH3DQHO5LJKW
‘
%DWWHU%R[
$
)RUDVVHPEOTXHVWLRQVFDOO
,PSRUWDQW8VHRQOSDUWVOLVWHGDERYH:KHQ RUGHULQJSDUWVSURYLGLQJWKHIROORZLQJLQIRUPDWLRQ
7RPDNHVXUHRXREWDLQWKHFRUUHFWUHSODFHPHQW
SDUWVIRURXUJDVJULOOSOHDVHUHIHUWRWKHSDUW QXPEHUVRQWKLVSDJH
,PSRUWDQW.HHSWKLV2ZQHU¶V0DQXDOIRU FRQYHQLHQWUHIHUHQFHDQGIRUSDUWUHSODFHPHQW
0RGHO 3DUW1XPEHUVHH3$57LQFKDUW 3DUW’HVFULSWLRQ 4XDQWLWRISDUWVQHHGHG
$VVHPEO,QVWUXFWLRQV
,QVHUW3DUW1RLQWRWKHERWWRPSODWH
)LJXUH
+DOIVFUHZRXWWKHVFUHZVLQWKH ERWWRPSODWHWKHQSXW3DUW1RDQG 3DUW1RRQWRWKHUHOHYDQWVFUHZ KROHVDQGVFUHZWLJKWO
)LJXUH
[ $
,QVWDOO3DUW1RRQWRWKHUHOHYDQWSODFH
ZLWKIRXU$VFUHZV
)LJXUH
+DOIVFUHZRXWWKHVFUHZVLQWKHERWWRP DQGVLGHSODWHVWKHQSXW3DUW1RRQWRWKHUHOHYDQW
VFUHZKROHVDQGVFUHZWLJKWO
)LJXUH
[ )
,QVWDOO3DUW1RRQWRWKHUHOHYDQWSODFHZLWK
IRXU)VFUHZVVKRZQLQ)LJXUH
$WWHQWLRQPDJQHWGRZQZDUG
)LJXUH
,QVWDOO3DUW1R RQWRWKHUHOHYDQWSODFH )LJXUH
[ $
6FUHZWKHJULOOERGDQGWKH FDUWWLJKWOZLWKIRXU$VFUHZV
)LJXUH
,QVWDOO3DUW1RRQWR3DUW1RZLWKRQH$VFUHZ
+DOIVFUHZRXWWKHVFUHZLQWKHJULOOERGWKHQSXW3DUW
1RRQWRWKHUHOHYDQWVFUHZKROHVDQGVFUHZWLJKWO
)LJXUH
[ $ [ )
)
,QVWDOO3DUW1RDQG3DUW 1RZLWKRQH)VFUHZ
)LJXUH
,QVWDOO3DUW1RRQWRJULOO ERGZLWK$VFUHZDQG’ VSDFHU
)LJXUH
[
$ [
‘
+DOIVFUHZRXWWKHWZRELJVFUHZV RXWVLGHWKHJULOOERGWKHQSXW3DUW 1RRQWRWKHUHOHYDQWVFUHZKROHV DQGVFUHZWLJKWO
)LJXUH
)
,QVWDOO3DUW1RDQG3DUW 1RZLWKRQH)VFUHZ
[ )
)LJXUH
[
$ [
‘
6FUHZSDUW1RWLJKWOZLWK$VFUHZDQG ‘VSDFHULQVLGHWKHJULOOERG
)LJXUH
,QVHUW3DUW1R3DUW1RDQG3DUW1RDVWKHILJXUHVKRZV ,QVHUWWKHZLUHDVWKHILJXUHVKRZV
)LJXUH
+DOIVFUHZRXWWKHVFUHZLQ3DUW1R WKHQSXWLWLQWRWKHKROHRI3DUW1R DQGVFUHZWLJKWO
)LJXUH
[ )
FXWRIWZRZKLWHSODVWLFWLH
)L[HG3DUW1RRQWRWKHULJKWSODWHZLWKRQH)FUHZ
)LJXUH
[ &
3XWWKH&SDUWLQWRWKHUHOHYDQWKROHLQWKHERWWRPSODWH )LJXUH
3XW3DUW1RLQWRWKH&SDUW 7KHQSXWWKHGRRULQWRESUHVVLQJWKHIOH[LEOHD[LVXSZDUG
)LJXUH
,QVWDOO3DUW1RRQWR3DUW1RZLWKWZR)VFUHZV 3XW3DUW1RLQWR3DUW1R
3XWWKHJUHDVHWUDLQWRWKHJULOOERG
)LJXUH
[ )
&RQQHFW3DUW1RWR3DUW1R 3DVWHWKHEDWWHUER[RQWRWKHVLGHSDQHO )LJXUH
3XW3DUW1R3DUW1RDQG3DUW1RLQWRWKHUHOHYDQWSODFH )LJXUH
,QVWDOO3DUW1RRQWRWKHERWWRPSODWH )LJXUH
&RQQHFWLQJ/3DV7DQNWR/3ULOO 3ODFHIRRWULQJRIOEWDQNLQWRWKHKROHLQERWWRP
SDQHO0DNHVXUHWKHWDQNYDOYHLVLQ2)) SRVLWLRQ)LJ
&KHFNWKHWDQNYDOYHWRHQVXUHLWKDVSURSHU
H[WHUQDOPDWLQJWKUHDGVWRILWWKHKRVHDQGUHJXODWRU DVVHPEOSURYLGHG
0DNHVXUHDOOEXUQHUYDOYHVDUHLQ2))SRVLWLRQ
,QVSHFWWKHYDOYHFRQQHFWLRQSRUWDQGUHJXODWRU DVVHPEO/RRNIRUGDPDJHRUGHEULV5HPRYHDQ
GHEULV,QVSHFWKRVHIRUGDPDJH1HYHUXVH GDPDJHGRUSOXJJHGHTXLSPHQW
:KHQFRQQHFWLQJUHJXODWRUDQGKRVHDVVHPEOWR
WDQNYDOYHKDQGWLJKWHQTXLFNFRXSOLQJQXWFORFNZLVH
WRDIXOOVWRS)LJ’RQRWXVHDZUHQFKWRWLJKWHQ
EHFDXVHLWFRXOGGDPDJHWKHTXLFNFRXSOLQJQXWDQG UHVXOWLQDKD]DUGRXVFRQGLWLRQ
2SHQWDQNYDOYHIXOOFRXQWHUFORFNZLVH8VHD
VRDSZDWHUVROXWLRQWRFKHFNDOOFRQQHFWLRQVIRU
OHDNVEHIRUHDWWHPSWLQJWROLJKWRXUJULOO,IDOHDNLV
IRXQGWXUQWDQNYDOYHRIIDQGGRQRWXVHRXUJULOO XQWLOWKHOHDNLVUHSDLUHG
&$87,21:KHQWKHDSSOLDQFHLVQRWLQXVHJDV PXVWEHWXUQHGRIIDWWKHVXSSOWDQN
5HJXODWRU&RQQHFWLRQ
)LJXUH
&RQJUDWXODWLRQV <RXUJDVJULOOLVQRZUHDGIRUXVH%HIRUHWKH
ILUVWXVHDQGDWWKHEHJLQQLQJRIHDFKVHDVRQ DQGZKHQHYHUWKH/3JDVWDQNKDVEHHQ FKDQJHG
5HDGDOOVDIHWOLJKWLQJDQGRSHUDWLQJ LQVWUXFWLRQV
&KHFNJDVYDOYHRULILFHVEXUQHUWXEHVDQG EXUQHUSRUWVIRUDQREVWUXFWLRQV
3HUIRUPJDVOHDNFKHFNDFFRUGLQJWR LQVWUXFWLRQVIRXQGRQQH[WSDJHRIWKHPDQXDO
)LJXUH
$$
&KHFNLQJIRU/3JDVOHDNV
1HYHUWHVWIRUOHDNVZLWKDIODPH3ULRUWRILUVWXVHDW
WKHEHJLQQLQJRIHDFKVHDVRQRUHYHUWLPHRXU/3 JDVWDQNLVFKDQJHGRXPXVWFKHFNIRUJDVOHDNV
0DNHDVRDSZDWHUPLOGVRDSVROXWLRQ
7XUQWKHFRQWURONQREVWRIXOO2))SRVLWLRQWKHQ
WXUQJDV21DWVXSSOWDQN $SSOWKHVRDSVROXWLRQZLWKDFOHDQEUXVKWRDOO JDVFRQQHFWLRQV6HHEHORZ,IJURZLQJEXEEOHV DSSHDULQWKHVROXWLRQWKHFRQQHFWLRQVDUHQRW SURSHUOVHDOHG&KHFNHDFKILWWLQJDQGWLJKWHQRU UHSDLUDVQHFHVVDU
7ROLJKWEXUQHUVSXVKDQGWXUQEXUQHUNQREV WR,*1,7(+,$WWKHVDPHWLPHSUHVVDQGKROG HOHFWURQLFLJQLWLRQEXWWRQIRUWRVHFRQGVWROLJKW EXUQHU$GMXVWNQREVWRGHVLUHGVHWWLQJ ,IWKHEXUQHUGRHVQRWOLJKWDIWHUVHFRQGVWXUQ
NQREWR2))7XUQJDV2))DW/3WDQNDQGZDLW
*DV&RQQHFWLRQ/HDN&KHFN
PLQXWHVIRUJDVWRFOHDU7KHQWXUQJDV21DWWDQN
DQGUHSHDWVWHS
,IEXUQHUVWLOOGRHVQRWOLJKWVHH0DWFK/LJKWLQJ
VHFWLRQDQG,I*ULOO6WLOO)DLOVWR/LJKWVHFWLRQRQ
IROORZLQJSDJH
,IRXKDYHDJDVFRQQHFWLRQOHDNRXFDQQRW UHSDLUWXUQJDV2))DWVXSSOWDQNGLVFRQQHFW
IXHOOLQHIURPRXUJULOODQGFDOORXUJDVVXSSOLHU IRUUHSDLUDVVLVWDQFH
$OVRDSSOVRDSVROXWLRQWRWKHWDQNVHDPV6HH EHORZ,IJURZLQJEXEEOHVDSSHDUVKXWWDQN2))
DQGGRQRWXVHRUPRYHLW&RQWDFWDQ/3JDV VXSSOLHURURXUILUHGHSDUWPHQWIRUDVVLVWDQFH
86,17+(6,'(%851(5 ,QVSHFWWKHJDVVXSSOKRVHSULRUWRWXUQLQJWKH JDV³21´,IWKHUHLVHYLGHQFHRIFXWVZHDURU DEUDVLRQLWPXVWEHUHSODFHGSULRUWRXVH’RQRW XVHWKHVLGHEXUQHULIWKHRGRURIJDVLVSUHVHQW :$51,1$OZDVNHHSRXUIDFHDQGERGDV IDUDZDIURPWKHEXUQHUDVSRVVLEOHZKHQ OLJKWLQJ
/,+7,1,16758&7,216)256,'(%851(5
*DV7DQN/HDN&KHFN
2SHQVLGHEXUQHUOLGIXOO 3XVKDQGWXUQVLGHEXUQHUNQREWR,*1,7(+,
SRVLWLRQ$WWKHVDPHWLPHSUHVVDQGKROG
HOHFWURQLFLJQLWLRQEXWWRQIRUWRVHFRQGVWR
OLJKWEXUQHU
*ULOO/LJKWLQJ,QVWUXFWLRQ
,IWKHVLGHEXUQHUGRHVQRWOLJKWDIWHUVHFRQGV WXUQNQREWR2))7XUQJDV2))DW/3WDQNDQG
*ULOO/LJKWLQJ,QVWUXFWLRQVIRU0DLQ%XUQHUV
ZDLWPLQXWHVIRUJDVWRFOHDU7KHQWXUQJDV 21DWWDQNDQGUHSHDWVWHS
‘RQRWVPRNHZKLOHOLJKWLQJJULOORUFKHFNLQJJDV
,IEXUQHUVWLOOGRHVQRWOLJKWVHH0DWFK/LJKWLQJ
VXSSOFRQQHFWLRQV
VHFWLRQDQG,I*ULOO6WLOO)DLOVWR/LJKWVHFWLRQRQ
%HVXUHWKDW/3JDVWDQNLVVXIILFLHQWOIXOO
IROORZLQJSDJH
%HVXUHDOOJDVFRQQHFWLRQVDUHVHFXUHOWLJKWHQHG
7XUQRQJDVVXSSO
2SHQWKHJULOOPDLQOLGDQGVLGHEXUQHUOLG
3XVKDQGWXUQDQPDLQEXUQHUNQREWR,*1,7(+,
SRVLWLRQDWWKHVDPHWLPHSUHVVDQGKROG
HOHFWURQLFLJQLWLRQEXWWRQIRUWRVHFRQGVWROLJKWEXUQHU
:$51,1*
)DLOXUHWRRSHQJULOOOLGGXULQJWKHOLJKWLQJ SURFHGXUHFRXOGUHVXOWLQDILUHRUH[SORVLRQ
WKDWFRXOGFDXVHVHULRXVERGLOLQMXUGHDWK RUSURSHUWGDPDJH
:$51,1
1HYHUOHDQRYHUWKHJULOOFRRNLQJDUHDZKLOH OLJKWLQJRXUJDVJULOO.HHSRXUIDFHDQGERG
DVDIHGLVWDQFHDWOHDVWLQFKHVIURPWKH FRRNLQJJULGVXUIDFHZKHQOLJKWLQJRXUJULOOE
PDWFK 0DQXDOO/LJKWLQJ<RXUULOOEDWFK 7DNHWKHPDQXDOOLJKWLQJVWLFN
,QVHUWDPDWFKLQWRWKHOLJKWLQJVWLFN )ROORZVWHSVWKURXJKRIWKH%DVLF/LJKWLQJ
3URFHGXUH /LJKWWKHPDWFKDQGH[WHQGWKHOLJKWLQJVWLFNWR FRRNLQJJULGVXUIDFH
7XUQWKHGHVLUHGFRQWURONQREWRWKH+,SRVLWLRQ
VHWWLQJWRUHOHDVHJDV7KHEXUQHUVKRXOGOLJKW LPPHGLDWHO
:$51,1*
6KRXOGD³)/$6+%$&.´ILUHRFFXULQRU DURXQGWKHEXUQHUWXEHVIROORZWKHLQVWUXFWLRQV
EHORZ)DLOXUHWRFRPSOZLWKWKHVHLQVWUXFWLRQV
FRXOGUHVXOWLQDILUHRUH[SORVLRQWKDWFRXOG FDXVHVHULRXVERGLOLQMXUGHDWKRUSURSHUW
GDPDJH 6KXWRIIJDVVXSSOWRWKHJDVJULOO 7XUQWKHFRQWURONQREVWR2))SRVLWLRQ
3XWRXWDQIODPHZLWKDSURSHUILUHH[WLQJXLVKHU 2SHQJULOOOLG
2QFHWKHJULOOKDVFRROHGGRZQFOHDQWKHEXUQHU WXEHVDQGEXUQHUVDFFRUGLQJWRWKHFOHDQLQJ
LQVWUXFWLRQVIRXQGRQSDJH
,IULOO6WLOO)DLOV7R/LJKW &KHFNJDVVXSSODQGFRQQHFWLRQVIRUOHDNV&KHFN
WKDWDOOZLUHFRQQHFWLRQVDUHVHFXUH
5HSHDWEDVLFOLJKWLQJSURFHGXUH,IRXUJULOOVWLOOIDLOV
WRRSHUDWHWXUQWKHJDVRIIDWVRXUFHWXUQWKHFRQWURO NQREVWR2))WKHQFKHFNWKHIROORZLQJ
0LVDOLJQPHQWRIEXUQHUWXEHVRYHURULILFHV
&RUUHFWLRQ5HSRVLWLRQEXUQHUWXEHVRYHURULILFHV 2EVWUXFWLRQLQJDVOLQH
&RUUHFWLRQ5HPRYHIXHOOLQHIURPJULOO’RQRWVPRNH
2SHQJDVVXSSOIRUVHFRQGWRFOHDUDQREVWUXFWLRQ
IURPIXHOOLQH&ORVHRIIJDVVXSSODWVRXUFHDQG UHFRQQHFWIXHOOLQHWRJULOO
3OXJJHGRULILFH &RUUHFWLRQ5HPRYHEXUQHUVIURPJULOOFDUHIXOOOLIW
HDFKEXUQHUXSDQGDZDIURPJDVYDOYHRULILFH
5HPRYHWKHRULILFHIURPJDVYDOYHDQGJHQWOFOHDUDQ
REVWUXFWLRQZLWKDILQHZLUH7KHQUHLQVWDOODOORULILFHV EXUQHUVDQGFRRNLQJFRPSRQHQWV
,IDQREVWUXFWLRQLVVXVSHFWHGLQJDVYDOYHVSOHDVH FDOOIRUUHSDLUVHUYLFHDW
,IWKHJULOOVWLOOGRHVQRWOLJKWRXPDQHHGWRSXUJH
DLUIURPWKHJDVOLQHRUUHVHWWKHUHJXODWRUH[FHVVJDV
IORZGHYLFH1RWH7KLVSURFHGXUHVKRXOGEHGRQHHYHU
WLPHDQHZ/3JDVWDQNLVFRQQHFWHGWRRXUJULOO
7RSXUJHDLUIURPRXUJDVOLQHDQGRUUHVHWWKH UHJXODWRUH[FHVVJDVIORZGHYLFH
7XUQWKHFRQWURONQREWR2))SRVLWLRQ 7XUQRIIWKHJDVDWWKHWDQNYDOYH
‘LVFRQQHFWUHJXODWRUIURP/3JDVWDQN /HWXQLWVWDQGIRUPLQXWHV
5HFRQQHFWUHJXODWRUWRWKH/3JDVWDQN 7XUQWKHWDQNYDOYHRQVORZOXQWLOóWRòRSHQ
2SHQWKHJULOOOLG 6HWFRQWURONQREVWR2))3XVKDQGWXUQDQFRQWURO NQREWR+,+
7XUQFRQWURONQREVWR+,*+XQWLODOOWKHEXUQHUVDUHOLW <RXPDVWDUWWRXVHWKHJULOO
,IDOOFKHFNVRUFRUUHFWLRQVKDYHEHHQPDGHDQGRX
VWLOOKDYHTXHVWLRQVDERXWRSHUDWLQJRXUJDVJULOOFDOO WKH&XVWRPHU6HUYLFH+HOSOLQH
&OHDQLQJDQG0DLQWHQDQFH
7RHQVXUHDSURSHUZRUNLQJXQLWWKHIROORZLQJSURSHU FDUHDQGPDLQWHQDQFHLVVXJJHVWHG
&OHDQLQJ&RRNLQJULGV :HVXJJHVWRXZDVKRXUFRRNLQJJULGVLQDPLOGVRDS
DQGZDUPZDWHUVROXWLRQ<RXFDQXVHDZDVKFORWKRU VRIWEUXVKWRFOHDQRXUFRRNLQJJULGV
&OHDQLQJ+HDWGLIIXVHUV 3HULRGLFDOO\RXVKRXOGZDVKWKHKHDWGLIIXVHUVLQD
VRDSDQGZDUPZDWHUVROXWLRQ8VHDVRIWEUXVKWR
UHPRYHVWXEERUQEXUQWRQFRRNLQJUHVLGXH7KHKHDW
GLIIXVHUVVKRXOGEHGUEHIRUHRXUHLQVWDOOWKHP
&OHDQLQJUHDVH7UD 7KHJUHDVHWUDVKRXOGEHHPSWLHGDQGZLSHG
GRZQSHULRGLFDOODQGZDVKHGLQDPLOG GHWHUJHQWDQGZDUPZDWHUVROXWLRQ$VPDOO
DPRXQWRIVDQGRUFDWOLWWHUPDEHSODFHGLQ ERWWRPRIJUHDVHWUDWRDEVRUEWKHJUHDVH
&KHFNWKHJUHDVHWUDIUHTXHQWOGRQ¶WDOORZ
H[FHVVJUHDVHWRDFFXPXODWHDQGRYHUIORZRXWRIWKH JUHDVHWUD
$QQXDO&OHDQLQJRI*ULOO,QWHULRU %XUQLQJRIIWKHJULOODIWHUHYHUXVHZLOONHHSLWUHDGIRU
RXUQH[WXVH+RZHYHURQFHDHDURXVKRXOGJLYH
WKHHQWLUHJULOODWKRURXJKFOHDQLQJWRNHHSLWLQWRS
RSHUDWLQJFRQGLWLRQ)ROORZWKHVHVWHSV 7XUQDOOEXUQHUYDOYHVWRIXOO2))SRVLWLRQ
7XUQ/3JDVWDQNYDOYHWRIXOO2))SRVLWLRQ ‘HWDFK/3JDVKRVHDQGUHJXODWRUDVVHPEOIURP
RXUJDVJULOO,QVSHFWIRUDQGDPDJHDQGUHSODFHDV
QHFHVVDUZLWKPDQXIDFWXUHUUHSODFHPHQWSDUWQXPEHU IRXQGRQSDUWVOLVW
5HPRYHDQGFOHDQKHDWGLIIXVHUVFRRNLQJJULGVDQG JULOOEXUQHUV
&RYHUHDFKJDVYDOYHRULILFHZLWKDOXPLQXPIRLO
%UXVKLQVLGHDQGERWWRPRIJULOOZLWKDQORQEUXVK
DQGZDVKZLWKDPLOGVRDSDQGZDUPZDWHUVROXWLRQ 5LQVHWKRURXJKODQGOHWGU
5HPRYHWKHDOXPLQXPIRLOWKHQUHLQVWDOOKHDW GLIIXVHUVDQGFRRNLQJJULGV
5HFRQQHFWJDVVRXUFHDQGREVHUYHEXUQHUIODPHIRU FRUUHFWRSHUDWLRQ
&OHDQLQJ([WHULRU6XUIDFH :HVXJJHVWRXZDVKRXUJULOOXVLQJDPLOGVRDSDQG
ZDUPZDWHUVROXWLRQ<RXFDQXVHDZDVKFORWKRU
VSRQJHIRUWKLVSURFHVV’RQRWXVHDEUDVLYHVRUD
EUXVKWKDWPLJKWUHPRYHILQLVKGXULQJWKHFOHDQLQJ SURFHVV
&OHDQLQJ([WHULRU6WDLQOHVV6WHHO6XUIDFHV
:HDWKHULQJDQGH[WUHPHKHDWFDQFDXVHH[WHULRU
VWDLQOHVVVWHHOVXUIDFHVWRWXUQWDQLQFRORU0DFKLQH
RLOVXVHGLQPDQXIDFWXULQJSURFHVVRIVWDLQOHVVVWHHO
FDQDOVRFDXVHWKLVWDQQLQJFRORU8VHDVWDLQOHVV
VWHHOFOHDQHUWRSROLVKVWDLQOHVVVWHHOVXUIDFHVRI
RXUJULOO1HYHUXVHDEUDVLYHFOHDQHUVRUVFUXEEHUV
EHFDXVHWKHZLOOVFUDWFKDQGGDPDJHRXUJULOO
&OHDQLQJ%XUQHU7XEHVDQG%XUQHU3RUWV
7RUHGXFHWKHFKDQFHRI³)/$6+%$&.´WKH SURFHGXUHEHORZVKRXOGEHIROORZHGDWOHDVWRQFHD
PRQWKLQODWHVXPPHURUHDUOIDOOZKHQVSLGHUVDUH
PRVWDFWLYHRUZKHQRXUJULOOKDVQRWEHHQXVHGIRUD SHULRGRIWLPH
7XUQDOOEXUQHUYDOYHVDQGJDVWDQNYDOYHWRRII SRVLWLRQ
‘HWDFKWKH/3JDVUHJXODWRUDVVHPEOIURPRXU JDVJULOO
5HPRYHFRRNLQJJULGVKHDWGLIIXVHUVDQGJUHDVH WUDIURPWKHJULOO
5HPRYHWKHVFUHZVIURPWKHXQGHUVLGHRIHDFK
EXUQHUDQGOLIWWKHEXUQHUVXSDQGDZDIURPWKHJDV YDOYHRULILFH
8VLQJDEHQWVWLIIZLUHLQWKHVKDSHRIDKRRNDLU
KRVHRUDERWWOHEUXVKUXQLWWKURXJKWKHEXUQHUWXEH
DQGLQVLGHVHYHUDOWLPHVWRUHPRYHDQGHEULV 5HSODFHEXUQHUVVHHLOOXVWUDWLRQEHORZ
6WHS6WHS6WHS
:$51,1*
7KHORFDWLRQRIWKHEXUQHUWXEHZLWKUHVSHFWWRWKH
RULILFHLVYLWDOIRUVDIHRSHUDWLRQ&KHFNWRHQVXUHWKH
RULILFHLVLQVLGHWKHEXUQHUWXEHEHIRUHXVLQJWKHJDV
JULOO,IWKHEXUQHUWXEHGRHVQRWILWRYHUWKHYDOYH
RULILFHOLJKWLQJWKHEXUQHUPDFDXVHH[SORVLRQ DQGRUILUH
5HJDUGOHVVRIZKLFKEXUQHUFOHDQLQJSURFHGXUHRX
XVHZHUHFRPPHQGRXDOVRFRPSOHWHWKHIROORZLQJ VWHSVWRKHOSSURORQJEXUQHUOLIH
8VHDILEHUSDGRUQORQEUXVKWRFOHDQWKHHQWLUH
RXWHUVXUIDFHRIHDFKEXUQHUXQWLOIUHHRIIRRG UHVLGXHDQGGLUW
&OHDQDQFORJJHGSRUWVZLWKDVWLIIZLUHVXFKDV DQRSHQSDSHUFOLS
,QVSHFWHDFKEXUQHUIRUGDPDJHFUDFNVRUKROHV
DQGLIVXFKGDPDJHLVIRXQGRUGHUDQGLQVWDOODQHZ
EXUQHU$IWHULQVWDOODWLRQFKHFNWRHQVXUHWKDWJDV
YDOYHRULILFHVDUHFRUUHFWOSODFHGLQVLGHWKHHQGVRI WKHEXUQHUWXEHV
:$51,1*
6SLGHUVDQGLQVHFWVFDQQHVWLQVLGHWKHEXUQHUVRI
WKHJULOODQGGLVUXSWJDVIORZ7KLVYHUGDQJHURXV
FRQGLWLRQFRXOGFDXVHDILUHEHKLQGWKHYDOYHSDQHO
WKHUHEGDPDJLQJWKHJULOODQGPDNLQJLWXQVDIH
IRURSHUDWLRQ,QVSHFWWKHJULOODWOHDVWWZLFHDHDU
7URXEOHVKRRWLQJ
%()25(&$//,1*)256(59,&(
,IWKHJULOOGRHVQRWIXQFWLRQSURSHUOXVHWKHIROORZLQJFKHFNOLVWEHIRUHFDOOLQJIRUVHUYLFH
<RXVKRXOGLQVSHFWWKHEXUQHUVDWOHDVWRQFHDHDURULPPHGLDWHODIWHUDQRIWKHIROORZLQJ
FRQGLWLRQVRFFXU
&RRNLQJ,QVWUXFWLRQV
:$51,1
‘RQRWOHDYHWKHJULOOXQDWWHQGHG <RXUJULOOZLOOJHWYHUKRW1HYHUOHDQRYHU
WKHFRRNLQJDUHDZKLOHXVLQJRXUJULOO’RQRW WRXFKFRRNLQJVXUIDFHVJULOOKRXVLQJULOO/LG
RUDQRWKHUJULOOSDUWVZKLOHWKHJULOOLVLQ RSHUDWLRQRUXQWLOWKHJULOOKDVFRROHGGRZQ
DIWHUXVH)DLOXUHWRFRPSOZLWKWKHVH LQVWUXFWLRQVPDUHVXOWLQVHULRXVERGLOLQMXU
%XUQRII
%HIRUHFRRNLQJRQRXUJDVJULOOIRUWKHILUVWWLPH
RXZLOOZDQWWR³EXUQRII´WKHJULOOWRHOLPLQDWHDQ RGRURUIRUHLJQPDWWHU-XVWLJQLWHWKH
EXUQHUVORZHUWKH/LGDQGRSHUDWHJULOORQWKH +,+VHWWLQJIRUWRPLQXWHV
&RRNLQJ7HPSHUDWXUHV
+LJKVHWWLQJ2QOXVHWKLVVHWWLQJIRUIDVW ZDUPXSVHDULQJVWHDNVRUFKRSVDQGIRUEXUQLQJ
IRRGUHVLGXHRIIWKHJULOODIWHUFRRNLQJLVFRPSOHWH
1HYHUXVHWKH+,+VHWWLQJIRUH[WHQGHGFRRNLQJ
0HGLXPWR/RZ6HWWLQJV0RVWUHFLSHVVSHFLI PHGLXPWRORZVHWWLQJVLQFOXGLQJDOOVPRNLQJ
DQGIRUFRRNLQJOHDQFXWVVXFKDVILVK
127(7HPSHUDWXUHVHWWLQJVZLOOYDUZLWKWKH WHPSHUDWXUHDQGWKHDPRXQWRIZLQGRXWVLGHRXU
KRPH
‘LUHFW&RRNLQJ
7KHGLUHFWFRRNLQJPHWKRGFDQEHXVHGZLWKWKH
VXSSOLHGFRRNLQJJULGVDQGIRRGSODFHGGLUHFWO
RYHUWKHOLWJULOO%XUQHUV’LUHFWFRRNLQJUHTXLUHV
WKHJULOOOLGWREHXS7KHPHWKRGLVLGHDOIRU VHDULQJDQGZKHQHYHURXZDQWPHDWSRXOWURU
ILVKWRKDYHDQGRSHQIODPHEDUEHFXHGWDVWH ‘HHSIULQJDQGVPRNLQJDUHDOVREHVWFRRNHGLQ
WKLVPDQQHUEHFDXVHWKHUHTXLUHGLUHFWKHDW
:$51,1*
‘RQRWOLQHWKHERWWRPRIWKHJULOOKRXVLQJZLWK DOXPLQXPIRLOVDQGRUDQVXEVWDQFHWKDWZLOO
UHVWULFWWKHIORZRIJUHDVHLQWRWKHJUHDVHWUD
)DLOXUHWRFRPSOZLWKWKHVHLQVWUXFWLRQVFRXOG
UHVXOWLQDILUHRUH[SORVLRQZKLFKFRXOGFDXVH VHULRXVERGLOLQMXUGHDWKRUSURSHUW GDPDJH
,QGLUHFW&RRNLQJ
7RFRRNLQGLUHFWOWKHIRRGVKRXOGEHSODFHGRQ
WKHOHIWRUULJKWVLGHRIRXUJULOOZLWKWKHEXUQHUOLW
RQWKHRSSRVLWHVLGH,QGLUHFWFRRNLQJPXVWEH GRQHZLWKWKH/LGGRZQ
)ODUHXSV
7KHIDWVDQGMXLFHVGULSSLQJIURPJULOOHGIRRGFDQ FDXVHIODUHXSV6LQFHIODUHXSVLPSDUWD
IDYRUDEOGLVWLQFWLYHWDVWHDQGFRORUWRIRRGFRRNHG
FRYHUDQRSHQIODPHWKHVKRXOGEHDFFHSWHGXS
WRDSRLQW1HYHUWKHOHVVXQFRQWUROOHGIODULQJFDQ UHVXOWLQDUXLQHGPHDO
5HSODFLQJWKH%DWWHU ,IWKH/(‘GRQRWOLJKWWKHEDWWHUVKRXOGEHUHSODFHG
&KDQJHWKHOHGEDWWHU )LQGWKHEDWWHUER[RSHQWKHOLG
3XWSFV³$$´VL]HEDWWHUWKHSRVLWLYHDQG QHJDWLYHSROHRIWKHEDWWHUVKRXOGNHHSWKHVDPHDV
WKHSROHLQER[ &ORVHWKHOLG
&RUUHFW’LVSRVDORIWKLVSURGXFW
7KLVPDUNLQJLQGLFDWHVWKDWWKLV
SURGXFWVKRXOGQRWEHGLVSRVHG
ZLWKRWKHUKRXVHKROGZDVWHV
WKURXJKRXWWKH(87RSUHYHQW
SRVVLEOHKDUPWRWKHHQYLURQPHQW
RUKXPDQKHDOWKIURPXQFRQWUROOHG
ZDVWHGLVSRVDOUHFFOHLW
UHVSRQVLEOWRSURPRWHWKH
VXVWDLQDEOHUHXVHRIPDWHULDO
UHVRXUFHV7RUHWXUQRXUXVHG
GHYLFHSOHDVHXVHWKHUHWXUQDQG
FROOHFWLRQVVWHPVRUFRQWDFWWKH
UHWDLOHUZKHUHWKHSURGXFWZDV
SXUFKDVHG7KHFDQWDNHWKLV
SURGXFWIRUHQYLURQPHQWDOVDIH
UHFFOLQJ
*ULOO&RRNLQJ&KDUW