ML19155A069
| ML19155A069 | |
| Person / Time | |
|---|---|
| Site: | Vogtle  |
| Issue date: | 06/04/2019 |
| From: | NRC |
| To: | NRC/NRO/DLSE/LB4 |
| References | |
| Download: ML19155A069 (97) | |
Text
1 Vogtle PEmails From:
Habib, Donald Sent:
Tuesday, June 4, 2019 9:27 AM To:
Vogtle PEmails
Subject:
Draft SNC LAR-19-002 l for June 13 Public Meeting Attachments:
LAR-19-002 - Functional Arrangement ITAAC DRAFT.pdf From: Leighty, Steven <sleighty@southernco.COM>
Sent: Monday, June 03, 2019 3:59 PM To: Patel, Chandu <Chandu.Patel@nrc.gov>; Habib, Donald <Donald.Habib@nrc.gov>
Cc: Arafeh, Yasmeen N. <YNARAFEH@southernco.com>
Subject:
[External_Sender] Draft SNC LAR-19-002 l for June 13 Public Meeting Don/Chandu, Attached is the draft of SNC LAR-19-002, Functional Arrangement ITAAC Optimization, in support of the presubmittal meeting on June 13. If you have any questions, please let me know.
- Thanks, Steve Leighty l Southern Nuclear Licensing Supervisor l Vogtle 3&4 706.848.6790 l sleighty@southernco.com From: Leighty, Steven Sent: Friday, May 31, 2019 1:49 PM To: Patel, Chandu <Chandu.Patel@nrc.gov>; Habib, Donald <Donald.Habib@nrc.gov>
Cc: Arafeh, Yasmeen N. <YNARAFEH@southernco.com>
Subject:
Presentation Material for June 13 Public Meeting Chandu/Don, Attached is the presentation material for the June 13 public meeting. The Functional Arrangement ITAAC Draft LAR will be sent shortly. Below are the four topics for discussion. The list of SNC attendees in person for the meeting is provided below as well. Let me know if you have any questions.
Meeting Topics:
FLEX Update: Staffing and Communications (45 minutes)
Potential scenarios for time between ITAAC all complete letter and 103(g) (60 minutes)
Pre-submittal for Functional Arrangement ITAAC LAR (45 minutes)
Technical exchange for non-safety significant ITAAC optimization (60 minutes)
SNC Attendees in person:
Michael Yox Tom Petrak Steven Leighty
2 Kevin Durrwachter Paul Marcotte Randy Bunt
- Thanks, Steve Leighty Licensing Supervisor, Vogtle 3&4 Southern Nuclear 7825 River Road Waynesboro, GA 30830 Desk. 706.848.6790 Cell. 724.570.9412 southernnuclear.com
Hearing Identifier:
Vogtle_COL_Docs_Public Email Number:
455 Mail Envelope Properties (SN4PR0901MB21750D8E7F4A42C1D3F23F5E97150)
Subject:
Draft SNC LAR-19-002 l for June 13 Public Meeting Sent Date:
6/4/2019 9:26:30 AM Received Date:
6/4/2019 9:26:37 AM From:
Habib, Donald Created By:
Donald.Habib@nrc.gov Recipients:
"Vogtle PEmails" <Vogtle.PEmails@nrc.gov>
Tracking Status: None Post Office:
SN4PR0901MB2175.namprd09.prod.outlook.com Files Size Date & Time MESSAGE 2042 6/4/2019 9:26:37 AM image001.gif 2058 LAR-19-002 - Functional Arrangement ITAAC DRAFT.pdf 1620235 Options Priority:
Standard Return Notification:
No Reply Requested:
No Sensitivity:
Normal Expiration Date:
Recipients Received:
D:zŽ
WsŽ
ZŽŽ
ZZŽ
sŽ
tŽŽ'
'RFNHW1RV
1' ;;;;
&)5
&)5
861XFOHDU5HJXODWRU\\&RPPLVVLRQ
'RFXPHQW&RQWURO'HVN
- DVKLQJWRQ'&
6RXWKHUQ1XFOHDU2SHUDWLQJ&RPSDQ\\
9RJWOH(OHFWULF*HQHUDWLQJ3ODQW8QLWVDQG
5HTXHVWIRU/LFHQVH$PHQGPHQWDQG([HPSWLRQ
)XQFWLRQDO$UUDQJHPHQW,7$$&2SWLPL]DWLRQ /$5
/DGLHVDQG*HQWOHPHQ
3XUVXDQWWR&)5 F DQGLQDFFRUGDQFHZLWK&)5 6RXWKHUQ1XFOHDU2SHUDWLQJ
&RPSDQ\\ 61& UHTXHVWVDQDPHQGPHQWWRWKHFRPELQHGOLFHQVHV &2/V IRU9RJWOH(OHFWULF
- HQHUDWLQJ3ODQW 9(*3 8QLWVDQG /LFHQVH1XPEHUV13) DQG13) UHVSHFWLYHO\\
7KHUHTXHVWHGDPHQGPHQWSURSRVHVFKDQJHVWR,QVSHFWLRQV7HVWV$QDO\\VHVDQG$FFHSWDQFH
&ULWHULD ,7$$& LQ&2/$SSHQGL[&ZLWKFRUUHVSRQGLQJFKDQJHVWRWKHDVVRFLDWHGSODQWVSHFLILF
7LHULQIRUPDWLRQ3XUVXDQWWRWKHSURYLVLRQVRI&)5 E DQH[HPSWLRQIURPHOHPHQWV
RIWKHGHVLJQDVFHUWLILHGLQWKH&)53DUW$SSHQGL['GHVLJQFHUWLILFDWLRQUXOHLVDOVR
UHTXHVWHGIRUWKHSODQWVSHFLILF'HVLJQ&RQWURO'RFXPHQW '&' 7LHUPDWHULDOGHSDUWXUHV
7KHUHTXHVWHGDPHQGPHQWSURSRVHVFKDQJHVWR&2/$SSHQGL[& DQGSODQWVSHFLILF7LHU WR
UHPRYHDQXPEHURIIXQFWLRQDODUUDQJHPHQW,7$$&ZKRVHGHVLJQFRPPLWPHQWVDUHFRPSOHWHG
YLDRWKHU,7$$&RURWKHUZLVHSURYHQXQQHFHVVDU\\
(QFORVXUHSURYLGHVWKHGHVFULSWLRQWHFKQLFDOHYDOXDWLRQUHJXODWRU\\HYDOXDWLRQ LQFOXGLQJWKH
6LJQLILFDQW +D]DUGV &RQVLGHUDWLRQ 'HWHUPLQDWLRQ DQG HQYLURQPHQWDO FRQVLGHUDWLRQV IRU WKH
SURSRVHGFKDQJHVLQWKH/LFHQVH$PHQGPHQW5HTXHVW /$5
(QFORVXUHSURYLGHVWKHEDFNJURXQGDQGVXSSRUWLQJEDVLVIRUWKHUHTXHVWHGH[HPSWLRQ
(QFORVXUH SURYLGHV PDUNXSV GHSLFWLQJ WKH UHTXHVWHG FKDQJHV WR &2/ $SSHQGL[ & DQG
FRUUHVSRQGLQJFKDQJHVWRSODQWVSHFLILF7LHU
61&UHTXHVWVVWDIIDSSURYDORIWKHOLFHQVHDPHQGPHQWE\\'HFHPEHU WRDFKLHYHWKH
EHQHILWVJDLQHGIURPWKHRSWLPL]DWLRQRI,7$$&SURSRVHGE\\WKLV/$561&H[SHFWVWRLPSOHPHQW
WKHSURSRVHGDPHQGPHQW WKURXJKLQFRUSRUDWLRQLQWRWKHOLFHQVLQJEDVLVGRFXPHQWV ZLWKLQ
GD\\VRIDSSURYDORIWKHUHTXHVWHGFKDQJHV
DRAFT SDQ\\
SDQ\\
QLWVDQG
QLWVD DQG([HPSWLRQ
DQG([HPS LPL]DWLRQ /$5
LPL]DWLRQ /$5
FT FRUGDQFHZLWK&)5
QFHZLWK&)5
GPHQWWRWKHFRPELQHG GPHQWWRWKHFRPELQHG DQG /LFHQVH1XPEH DQG /LFHQVH
SRVHVFKDQJHVWR,QVS SRVHVFKDQJHVWR,Q HQGL[&ZLWKFRUUHVSRQ GL[&ZLWKFRUUHVSRQ QWWRWKHSURYLVLRQVRI
HSURYLVLRQVRI
HGLQWKH&)53DUW HGLQWKH&)
QWVSHFLILF'
QWVSHFLILF'HVLJQ&RQW HVLJQ&R PHQWSURSRVHVF PHQWSURSRVHV FWLRQDODUUDQ FWLRQDODUUD VHSURY VHSURY
861XFOHDU5HJXODWRU\\&RPPLVVLRQ
1' ;;;;
3DJHRI
,QDFFRUGDQFHZLWK&)5 61&LVQRWLI\\LQJWKH6WDWHRI*HRUJLDRIWKLV/$5E\\WUDQVPLWWLQJ
DFRS\\RIWKLVOHWWHUDQGHQFORVXUHVWRWKHGHVLJQDWHG6WDWH2IILFLDO
7KLVOHWWHUFRQWDLQVQRUHJXODWRU\\FRPPLWPHQWV7KLVOHWWHUKDVEHHQUHYLHZHGDQGFRQILUPHGWR
QRWFRQWDLQVHFXULW\\UHODWHGLQIRUPDWLRQ
6KRXOG\\RXKDYHDQ\\TXHVWLRQVSOHDVHFRQWDFW0U6WHYHQ/HLJKW\\DW
5HVSHFWIXOO\\VXEPLWWHG
6287+(5118&/($523(5$7,1*&203$1<
0-<R[
0-<&036)5
(QFORVXUHV
9RJWOH(OHFWULF*HQHUDWLQJ3ODQW 9(*3 8QLWVDQG5HTXHVWIRU/LFHQVH$PHQGPHQW
)XQFWLRQDO$UUDQJHPHQW,7$$&2SWLPL]DWLRQ /$5
9RJWOH(OHFWULF*HQHUDWLQJ3ODQW 9(*3 8QLWVDQG+/-([HPSWLRQ5HTXHVW )XQFWLRQDO
$UUDQJHPHQW,7$$&2SWLPL]DWLRQ /$5
9RJWOH (OHFWULF *HQHUDWLQJ 3ODQW 9(*3 8QLWV DQG 3URSRVHG &KDQJHV WR WKH
/LFHQVLQJ%DVLV'RFXPHQWV /$5
DRAFT QJ3ODQW 9(*3 8QLWV
QJ3ODQW 9(*3 8Q PHQW,7$$&2SWLPL]DWLR QW,7$$&2SWLPL]DWLR
- HQHUDWLQJ3ODQW 9(*
- HQHUDWLQJ3ODQW
W,7$$&2SWLPL]DWLRQ /
W,7$$&2SWLPL]DWLRQ
- HQHUDWLQJ 3O
- HQHUDWLQJ 3 RFXPHQWV RFXPHQWV
861XFOHDU5HJXODWRU\\&RPPLVVLRQ
1' ;;;;
3DJHRI
FF
6RXWKHUQ1XFOHDU2SHUDWLQJ&RPSDQ\\*HRUJLD3RZHU&RPSDQ\\
0U6(.XF]\\QVNL ZRHQFORVXUHV
0U'*%RVW ZRHQFORVXUHV
0U0'0HLHU ZRHQFORVXUHV
0U'+-RQHV ZRHQFORVXUHV
0U-%.OHFKD
0U*&KLFN
0U'/0F.LQQH\\ ZRHQFORVXUHV
0U7:<HOYHUWRQ ZRHQFORVXUHV
0U%+:KLWOH\\
0V&$*D\\KHDUW
0U&53LHUFH
0V$*$XJKWPDQ
0U'/)XOWRQ
0U0-<R[
0U&7'HIQDOO
0U-7XSLN
0U:$6SDUNPDQ
0V$&&KDPEHUODLQ
0U6/HLJKW\\
0U(5LIIOH
0V.5REHUWV
0U-+DVZHOO
0U-$QGUHZV
'RFXPHQW6HUYLFHV57<3( 91'/,/
)LOH$5
1XFOHDU5HJXODWRU\\&RPPLVVLRQ
0U:-RQHV ZRHQFORVXUHV
0V-'L[RQ+HUULW\\
0U&3DWHO
0V-0+HLVVHUHU
0U%.HPNHU
0U*.KRXUL
0V67HPSOH
0U)%URZQ
0U&-(YHQ
0U$/HUFK
0U6:DONHU
DRAFT 57<3( 91'/,/
57<3( 91'/,/
PLVVLRQ
PLVVLRQ
D V
V
861XFOHDU5HJXODWRU\\&RPPLVVLRQ
1' ;;;;
3DJHRI
6WDWHRI*HRUJLD
0U5'XQQ
2JOHWKRUSH3RZHU&RUSRUDWLRQ
0U0:3ULFH
0V$:KDOH\\
0XQLFLSDO(OHFWULF$XWKRULW\\RI*HRUJLD
0U-()XOOHU
0U60-DFNVRQ
'DOWRQ8WLOLWLHV
0U7%XQGURV
- HVWLQJKRXVH(OHFWULF&RPSDQ\\//&
0U/2ULDQL ZRHQFORVXUHV
75XEHQVWHLQ ZRHQFORVXUHV
0U0&RUOHWWL
0U0/&O\\GH
0U'+DZNLQV
0U-&RZDUG
2WKHU
0U6:.OLQH%HFKWHO3RZHU&RUSRUDWLRQ
0V/$0DWLV7HWUD7HFK186,QF
'U:5-DFREV-U3K'*'6$VVRFLDWHV,QF
0U65RHWJHU*HRUJLD3XEOLF6HUYLFH&RPPLVVLRQ
0V6:.HUQL]DQ*HRUJLD3XEOLF6HUYLFH&RPPLVVLRQ
0U.&*UHHQH7URXWPDQ6DQGHUV
0U6%ODQWRQ%DOFK%LQJKDP
1RFXPHQWLQ%R[#GXNHHQHUJ\\FRP'XNH(QHUJ\\
0U6)UDQ]RQH)ORULGD3RZHU /LJKW
DRAFT RZHU&RUSRUDWLRQ
&RUSRUDWLRQ
HFK186,QF
HFK186,QF
3K'*'6$VVRFLDWH
3K'*'6$VVRFLD UJLD3XEOLF6HUYLFH&
UJLD3XEOLF6HUYL HRUJLD3XEOLF6 HRUJLD3XEOLF6 DQ6DQGH DQ6DQGH P
6RXWKHUQ1XFOHDU2SHUDWLQJ&RPSDQ\\
1' ;;;;
(QFORVXUH
9RJWOH(OHFWULF*HQHUDWLQJ3ODQW 9(*3 8QLWVDQG
5HTXHVWIRU/LFHQVH$PHQGPHQW
)XQFWLRQDO$UUDQJHPHQW,7$$&2SWLPL]DWLRQ /$5
7KLV(QFORVXUHFRQVLVWVRISDJHVLQFOXGLQJWKLVFRYHUSDJH
DRAFT 3ODQW 9(*3 8QLWV
DQW 9(*3 TXHVWIRU/LFHQVH$P TXHVWIRU/LFHQV
$UUDQJHPHQW,7$$&
$UUDQJHPHQW,7$$&
1' ;;;;
(QFORVXUH
5HTXHVWIRU/LFHQVH$PHQGPHQW )XQFWLRQDO$UUDQJHPHQW,7$$&2SWLPL]DWLRQ /$5
3DJHRI
7DEOHRI&RQWHQWV
6800$5<'(6&5,37,21
'(7$,/(''(6&5,37,21$1'7(&+1,&$/(9$/8$7,21
7(&+1,&$/(9$/8$7,21 ,QFOXGHGLQ6HFWLRQ
5(*8/$725<(9$/8$7,21
$SSOLFDEOH5HJXODWRU\\5HTXLUHPHQWV&ULWHULD
3UHFHGHQW
6LJQLILFDQW+D]DUGV&RQVLGHUDWLRQ'HWHUPLQDWLRQ
&RQFOXVLRQV
(19,5210(17$/&216,'(5$7,216
5()(5(1&(6
HWHUPLQDWLRQ
HWHUPLQDWLRQ
16
1' ;;;;
(QFORVXUH
5HTXHVWIRU/LFHQVH$PHQGPHQW )XQFWLRQDO$UUDQJHPHQW,7$$&2SWLPL]DWLRQ /$5
3DJHRI
3XUVXDQWWR&)5 F DQGLQDFFRUGDQFHZLWK&)5 6RXWKHUQ1XFOHDU2SHUDWLQJ
&RPSDQ\\ 61& WKH³/LFHQVHH' KHUHE\\UHTXHVWVDQDPHQGPHQWWR&RPELQHG/LFHQVH &2/
1RV 13) DQG 13) IRU 9RJWOH (OHFWULF *HQHUDWLQJ 3ODQW 9(*3 8QLWV DQG
UHVSHFWLYHO\\
6800$5<'(6&5,37,21
7KHSURSRVHGFKDQJHVZRXOGPDNHFKDQJHVWR&2/$SSHQGL[& DQGFRUUHVSRQGLQJSODQW
VSHFLILF7LHU LQIRUPDWLRQ7KHFKDQJHVLQFOXGHUHPRYLQJ,QVSHFWLRQV7HVWV$QDO\\VHVDQG
$FFHSWDQFH&ULWHULD ,7$$& IRUWKHIXQFWLRQDODUUDQJHPHQWRIV\\VWHPVE\\VKRZLQJWKDWWKH
,7$$&GHVLJQFRPPLWPHQW '& LVYHULILHGE\\RWKHU,7$$&RULVRWKHUZLVHXQQHFHVVDU\\
7KH UHTXHVWHG DPHQGPHQW SURSRVHV FKDQJHV WR &2/ $SSHQGL[ & LQIRUPDWLRQ ZLWK
FRUUHVSRQGLQJ FKDQJHV WR SODQWVSHFLILF '&' 7LHU LQIRUPDWLRQ DV DSSURSULDWH 7KLV
HQFORVXUH UHTXHVWV DSSURYDO RI WKH OLFHQVH DPHQGPHQW QHFHVVDU\\ WR LPSOHPHQW WKH &2/
$SSHQGL[ & FKDQJHV GHVFULEHG EHORZ (QFORVXUH UHTXHVWV WKH H[HPSWLRQ QHFHVVDU\\ WR
LPSOHPHQWWKHFKDQJHVWRWKHSODQWVSHFLILF'&'7LHULQIRUPDWLRQ
'(7$,/(''(6&5,37,21$1'7(&+1,&$/(9$/8$7,21
7KH IXQFWLRQDO DUUDQJHPHQW,7$$& UHTXLUH WKH SHUIRUPDQFH RI LQVSHFWLRQV RI WKH DVEXLOW
V\\VWHPWRYHULI\\WKHDVEXLOWV\\VWHPFRQIRUPVZLWKWKHIXQFWLRQDODUUDQJHPHQWDVGHVFULEHG
LQWKH'HVLJQ'HVFULSWLRQ7KH'HVLJQ'HVFULSWLRQLQJHQHUDOLQFOXGHVWKHNH\\IXQFWLRQVRI
WKHV\\VWHPDQGLQVRPHLQVWDQFHVUHIHUHQFHVDVLPSOLVWLFILJXUHDQGRUDWDEOHRIFRPSRQHQWV
7KHLQVSHFWLRQIRUWKHIXQFWLRQDODUUDQJHPHQW,7$$&ZRXOGGHPRQVWUDWHWKDWWKHFRPSRQHQWV
H[LVWZLWKQRGHPRQVWUDWLRQRIIXQFWLRQDOLW\\7KHVHV\\VWHPVPD\\DOVRLQFOXGHRWKHU,7$$&
WKDW GHPRQVWUDWH IXQFWLRQDOLW\\ RI WKH V\\VWHP RU YHULI\\ WKDW WKH\\ DUH IXQFWLRQDOO\\ DUUDQJHG
LQFOXGLQJWKHVDPHFRPSRQHQWVDQGSLSLQJLGHQWLILHGLQWKHILJXUHVDQGRUWDEOHVUHIHUHQFHG
LQWKH,7$$&7HVWLQJDQGLQVSHFWLRQRIWKHFRPSRQHQWVSLSLQJDQGLQWHUIDFHVWKURXJKWKHVH
RWKHU,7$$&FRQILUPVH[LVWHQFHRIWKHFRPSRQHQWVLQWKHLUFRUUHFWDUUDQJHPHQW$VVXFKWKH
VFRSH RI IXQFWLRQDO DUUDQJHPHQW,7$$& LV ERXQGHG E\\ WKH,7$$& GHPRQVWUDWLQJ WKH
IXQFWLRQDOLW\\RURWKHUZLVHYHULILHGE\\RWKHUPHDQVDQGWKHIXQFWLRQDODUUDQJHPHQW,7$$&LQ
DQGRIWKHPVHOYHVGRQRWYHULI\\DQ\\XQLTXHGHVLJQDWWULEXWHV)XQFWLRQDODUUDQJHPHQW,7$$&
KDYH EHHQ LGHQWLILHG LQ &2/ $SSHQGL[ & DQG SODQWVSHFLILF 7LHU WR FRQWDLQ UHGXQGDQW
UHTXLUHPHQWVZLWKRWKHU,7$$&)RUHDFKRIWKHVHIXQFWLRQDODUUDQJHPHQW,7$$&SURSRVHGWR
EHUHPRYHGWKH7LHU'HVLJQ'HVFULSWLRQDQGDVVRFLDWHG8)6$5GHVLJQLQIRUPDWLRQUHPDLQV
FRQVLVWHQWZLWKWKHFXUUHQWSODQWGHVLJQVRQRVWUXFWXUHV\\VWHPRUFRPSRQHQW 66& GHVLJQ
IXQFWLRQRUDQDO\\VLVDVGHVFULEHGLQWKH8)6$5LVDIIHFWHGE\\WKHSURSRVHGFKDQJHV
5HJXODWRU\\*XLGH5HYLVLRQGHILQHVIXQFWLRQDODUUDQJHPHQW,7$$&DV³WKHSK\\VLFDO
DUUDQJHPHQW RI V\\VWHPV DQG FRPSRQHQWV WR SURYLGH WKH VHUYLFH IRU ZKLFK WKH V\\VWHP LV
LQWHQGHGDQGWKDWLVGHVFULEHGLQWKH,7$$&GHVLJQGHVFULSWLRQDQGDVVKRZQLQWKHILJXUHV'
5HIHUHQFH $SSHQGL[&RIWKH9RJWOH &2/VJLYHVDVLPLODUGHILQLWLRQDV³WKHSK\\VLFDO
DUUDQJHPHQW RI V\\VWHPV DQG FRPSRQHQWV WR SURYLGH WKH VHUYLFH IRU ZKLFK WKH V\\VWHP LV
LQWHQGHGDQGZKLFKLVGHVFULEHGLQWKHV\\VWHPGHVLJQGHVFULSWLRQ'1(,5HYLVLRQ
JRHVLQWRIXUWKHUGHWDLORQWKHIXQFWLRQDODUUDQJHPHQW,7$$&VWDWLQJWKDWWKHSXUSRVHRIWKH
,7$$&LVWZRIROG ³ WKDWFRPSRQHQWVDUHSK\\VLFDOO\\DUUDQJHGDVVKRZQLQDQ\\UHIHUHQFHG
ILJXUHDQGORFDWHGDVLGHQWLILHGLQDQ\\UHIHUHQFHGWDEOH DQG WKDWV\\VWHPFRPSRQHQWV
S QIRUPDW QIRUP W QHFHVVDU\\
W QHF UHTXHVWV WKH H[
UHTXHVWV W HULQIRUPDW HULQIRUPDWLRQ
LRQ (9$/8$7,21
(9$/8$7, LUH WKH SHUIRUPDQFH RI SHUIRU QIRUPVZLWKWKHIXQFWLR QIRUPVZLWKWKHIX JQ'HVFULSWLRQLQJHQH
'HVFULSWLRQLQJHQ UHIHUHQFHVDVLPSOLVWLF QFHVDVLPSOLVWLF ODUUDQJHPHQW,7$$&Z ODUUDQJHPHQW,7$
RIIXQFWLRQDOLW\\7KHVH RIIXQFWLRQDOLW\\7 DOLW\\ RI WKH V\\VWHP RU
DOLW\\ RI WKH V\\VWHP R SRQHQWVDQGSLSLQJLGH HQWVDQGSLSLQJLGH JDQGLQVSHFWLRQRIWKH
JDQGLQVSHFWLR UPVH[LVWHQFHRIWKHFRP PVH[LVWHQFHRIWKH
RQDO DUUDQJHPHQW,7$
RQDO DUUDQJHPHQW,7$
WKHUZLVHYHULILHGE\\
WKHUZLVHYHULILHG RQRWYHULI\\D RQRWYHULI\\D Q &2/ $
Q &2/ $
7$$
7$$
1' ;;;;
(QFORVXUH
5HTXHVWIRU/LFHQVH$PHQGPHQW )XQFWLRQDO$UUDQJHPHQW,7$$&2SWLPL]DWLRQ /$5
3DJHRI
LGHQWLILHGLQWKH7LHU'HVLJQ'HVFULSWLRQVDUHSK\\VLFDOO\\DUUDQJHGDVVSHFLILHGE\\WKHGHVLJQ'
5HIHUHQFH
8SGDWHG)LQDO6DIHW\\$QDO\\VLV5HSRUW 8)6$5 7LHUGHVLJQGHVFULSWLRQVDUHGHULYHGIURP
SODQWGHVLJQGRFXPHQWV&)53DUW$SSHQGL['6HFWLRQ,,'VWDWHVWKDW7LHUGHVLJQ
LQIRUPDWLRQLV³GHULYHGIURP7LHULQIRUPDWLRQ'8)6$5VXEVHFWLRQGLVFXVVHVWKDW
WKHLQWHQWRI,7$$&LV³WRGHILQHDFWLYLWLHVWKDWZLOOEHXQGHUWDNHQWRYHULI\\WKHDVEXLOWV\\VWHP
FRQIRUPVZLWKWKHGHVLJQIHDWXUHVDQGFKDUDFWHULVWLFVGHILQHGLQWKHGHVLJQGHVFULSWLRQ':KHQ
RWKHU,7$$&YHULI\\WKHIXQFWLRQDODUUDQJHPHQWRIWKHV\\VWHPLHQRDGGLWLRQDOLQIRUPDWLRQLV
YHULILHG E\\ FRPSOHWLRQ RI WKH IXQFWLRQDO DUUDQJHPHQW,7$$& WKH IXQFWLRQDO DUUDQJHPHQW
,7$$&DUHQRWQHFHVVDU\\
7KHUH DUH WKUHH FDWHJRULHV RI,7$$& ZKRVH,7$ FDQ YHULI\\ WKH GHVLJQ IHDWXUHV DQG
FKDUDFWHULVWLFVRIDV\\VWHP $60(,7$$&(4,7$$&DQGIXQFWLRQDOWHVWLQJ,7$$&
)RUWKH,7$$&WKDWDUHFRPSOHWHGXQGHUWKH$PHULFDQ6RFLHW\\RI0HFKDQLFDO(QJLQHHUV%RLOHU
3UHVVXUH9HVVHO $60(% 39 &RGH6HFWLRQ,,,KHUHDIWHUFDOOHG³WKH$60(&RGH'FHUWDLQ
UHTXLUHPHQWVIRUWKHGRFXPHQWVSURGXFHGWRVDWLVI\\WKH$&QHHGWREHPHW7KH$60(&RGH
LVDVWDQGDUGIRUFRQVWUXFWLQJVDIHUHOLDEOHQXFOHDUSODQWV,WLVDPDWXUHVHWRIUXOHVWKDWKDV
HYROYHGRYHUWKH\\HDUV7KLV&RGHKDVFRPHWRUHSUHVHQWRQHRIWKHKLJKHVWVWDQGDUGVRI
TXDOLW\\ WR ZKLFK D QXFOHDU SODQW LV FRQVWUXFWHG 7KH $60( &RGH 6XEVHFWLRQ 1&$
GHILQHV'DWD5HSRUWDVDGRFXPHQWWKDWFHUWLILHVWKDWDQLWHPZDVFRQVWUXFWLRQLQDFFRUGDQFH
ZLWKWKHUHTXLUHPHQWVRIWKLV6HFWLRQ1&$ GHILQLWLRQRIFRQVWUXFWLRQLVDQDOOLQFOXVLYH
WHUP FRPSULVLQJ PDWHULDOV GHVLJQ IDEULFDWLRQ H[DPLQDWLRQ WHVWLQJ LQVSHFWLRQ DQG
FHUWLILFDWLRQVUHTXLUHGLQWKHPDQXIDFWXUHDQGLQVWDOODWLRQRIDQLWHP%\\DGGLQJWKHVHWZR
GHILQLWLRQV RQH FDQ GHWHUPLQH WKDW WKH 1 'DWD 5HSRUW LV D GRFXPHQW WKDW FHUWLILHV WKDW
PDWHULDOV GHVLJQ IDEULFDWLRQ H[DPLQDWLRQ WHVWLQJ DQG LQVSHFWLRQ RI DQ LWHP DUH LQ
DFFRUGDQFHZLWKWKHUHTXLUHPHQWVRIWKH$60(&RGH
3HUWKH8)6$56XEVHFWLRQWKH$60(&RGHUHTXLUHVWKDWHDFKSODQWKDYHD'HVLJQ
5HSRUWIRUWKHSLSLQJV\\VWHPWKDWLQFOXGHVDVEXLOWLQIRUPDWLRQ7KHILQDOSLSLQJVWUHVVDQDO\\VLV
LQFOXGHV GHVLJQ SURSHUWLHV DQG FKDUDFWHULVWLFV RI SURFXUHG FRPSRQHQWV VHOHFWHG WR EH
LQFOXGHGLQWKHSLSLQJV\\VWHPWKDWDUHQRWDYDLODEOHIRUWKHDVGHVLJQHGHYDOXDWLRQ7KHDV
EXLOWUHFRQFLOLDWLRQLVUHTXLUHGSULRUWRIXHOORDGDQGLQFOXGHVHYDOXDWLRQRIWKH$60(&RGH
IDWLJXHDQDO\\VLVSLSHEUHDNG\\QDPLFORDGVUHFRQFLOLDWLRQWRWKHFHUWLILHGGHVLJQIORRUUHVSRQVH
VSHFWUDFRQILUPDWLRQRIWKHUHDFWRUFRRODQWORRSWLPHKLVWRU\\VHLVPLFDQDO\\VHVFKDQJHVLQ
VXSSRUWORFDWLRQVSUHRSHUDWLRQDOWHVWLQJDQGFRQVWUXFWLRQGHYLDWLRQV
,QKHUHQWWRDQ1'DWD5HSRUWLVWKHOLVWLQJDQGFHUWLILFDWLRQRIWKHV\\VWHP¶VLQVWDOODWLRQWRWKH
GHVLJQDQGWKDWLWPHHWVDOOWKHDOORZDEOHVWUHVVHVIRUZKLFKLWZDVGHVLJQHGDQGEXLOWDV
GHWHUPLQHGE\\WKHILQDODVEXLOW6\\VWHP'HVLJQ5HSRUW V 7RGHPRQVWUDWHWKHV\\VWHP¶VILQDO
FRQILJXUDWLRQDVEXLOWGUDZLQJVDUHFRPSLOHGZKLFKDUHEDVHGRQ4&LQVSHFWHGILQDOLVRPHWULF
GUDZLQJV7KHVHGHWDLOHGFRQVWUXFWLRQGUDZLQJVZHUHLQVSHFWHGDQGUHFRUGHGDVFORVHGLQWKH
ZRUNSDFNDJHVWKDWSHUIRUPHGWKHLQVWDOODWLRQ7KHVHDVEXLOWGUDZLQJVDUHWKHQUHFRQFLOHG
WRWKHDVGHVLJQHGDQDO\\VLVWRHQVXUHWKHV\\VWHPUHPDLQVERXQGHGE\\WKHRULJLQDODQDO\\VLV
7KHGUDZLQJVDUHXVHGLQWKHILQDO'HVLJQ5HSRUWWRFHUWLI\\WKHV\\VWHPZDVEXLOWDVGHVLJQHG
7KLV OHYHO RI GHWDLO LV DERYH DQG EH\\RQG WKDW ZKLFK LV GHPRQVWUDWHG LQ WKH )XQFWLRQDO
$UUDQJHPHQW,7$$& 7KURXJK WKH GHVLJQ FRQWURO SURFHVV WKH DVEXLOW GUDZLQJV DUH DOVR
HQVXUHGWRPDWFKWKHVLPSOLILHGILJXUHVDQGOLVWLQJRIFRPSRQHQWVDQGOLQHVLQWKH)XQFWLRQDO
DRAFT HUL HUL IXQFWLR IXQFW 6RFLHW\\RI
6RFLHW\\RI0HFKD KHUHDIWHUFDOOH KHUHDIWHUFDOOHG³WKH$
G VI\\WKH$&QHHGWREHP VI\\WKH$&QHHGWREH FOHDUSODQWV
FOHDUSODQWV,WLVDPDW DW PHWRUHSUHVHQWRQHR WRUHSUHVH VWUXFWHG 7KH $60( &
VWUXFWHG 7KH DWFHUWLILHVWKDWDQLWHP
FHUWLILHVWKDWDQLW Q1&$ GHILQLWLRQ
&$ GHILQLWLRQ VLJQ IDEULFDWLRQ H[D EULFDWLRQ H[D PDQXIDFWXUHDQGLQVWDOO PDQXIDFWXUHDQG
QH WKDW WKH 1 'DWD
QH WKDW WKH 1 '
FDWLRQ H[DPLQDWLRQ WH DWLRQ H[DPLQDWLRQ W TXLUHPHQWVRIWKH$60 PHQWVRIWKH$60 XEVHFWLRQWKH$
XEVHFWLRQWK SLQJV\\VWHPWKDWLQFOXG SLQJV\\VWHPWKDWLQFOXG SURSHUWLHV DQG F SURSHUWLHV DQG JV\\VWHPWKD JV\\VWHPWK HTXLUHG
HTXLUHG
N
1' ;;;;
(QFORVXUH
5HTXHVWIRU/LFHQVH$PHQGPHQW )XQFWLRQDO$UUDQJHPHQW,7$$&2SWLPL]DWLRQ /$5
3DJHRI
$UUDQJHPHQW&2/WDEOHV7KHUHIRUHZKHQDQ$60(UHSRUWFRYHUVWKHVDPHFRPSRQHQWVDV
WKHIXQFWLRQDODUUDQJHPHQW,7$$&QRDGGLWLRQDOLQIRUPDWLRQLVYHULILHGE\\FRPSOHWLRQRIWKDW
IXQFWLRQDODUUDQJHPHQW,7$$&
)RU WKH,7$$& WKDW DUH FRPSOHWHG XQGHU WKH (TXLSPHQW 4XDOLILFDWLRQ SURJUDP FHUWDLQ
UHTXLUHPHQWVIRUWKHGRFXPHQWVSURGXFHGWRVDWLVI\\WKH$&QHHGWREHPHW7KHHTXLSPHQW
TXDOLILFDWLRQSURJUDPLVGHVFULEHGLQ8)6$5$SSHQGL['DQGFRQIRUPVWR5HJXODWRU\\*XLGH
DQG,(((VWDQGDUGV IRUTXDOLILFDWLRQRIHOHFWULFDODQGPHFKDQLFDOHTXLSPHQW
DQG IRU VHLVPLF TXDOLILFDWLRQ 7KHVH IRUP WKH EDVLV RI WKH $3 HTXLSPHQW
TXDOLILFDWLRQSURJUDPFRPSOLDQFHZLWK&)5
$VSDUWRIWKHHTXLSPHQWTXDOLILFDWLRQSURJUDPHTXLSPHQWLVTXDOLILHGXVLQJDQDO\\VLVWHVWLQJ
RU D FRPELQDWLRQ RI WKHVH PHWKRGV 7KH UHVXOWV RI WKLV TXDOLILFDWLRQ LV GHVFULEHG LQ DQ
(TXLSPHQW4XDOLILFDWLRQ'DWD3DFNDJH (4'3 SHU8)6$56XEVHFWLRQV'DQG'
7KH (4'3V LQFOXGH LQIRUPDWLRQ UHODWHG WR HTXLSPHQW LGHQWLILFDWLRQ DQG LQVWDOODWLRQ
UHTXLUHPHQWV7KHVHDWWULEXWHVLQFOXGHVSHFLILFFRPSRQHQWWDJQXPEHUVDQGURRPORFDWLRQV
IRUHDFKSLHFHRIHTXLSPHQWDVZHOODVSK\\VLFDODWWULEXWHVRILQVWDOODWLRQVXFKDVFRPSRQHQW
RULHQWDWLRQEROWLQJUHTXLUHPHQWVDQGZLULQJFRQILJXUDWLRQV7KHVHDWWULEXWHVDUHYHULILHGDV
SDUWRIWKHDVEXLOWZDONGRZQVUHTXLUHGIRU(4,7$$&FORVXUHWRHQVXUHWKDWWKHDVEXLOW
FRPSRQHQWVDUHERXQGHGE\\WKHW\\SHWHVWLQJDQGRUDQDO\\VHVXWLOL]HGWRTXDOLI\\WKHHTXLSPHQW
7KH(4DVEXLOWZDONGRZQVDUHJHQHUDWHGXVLQJWKH(4'3VDQGDVEXLOWGHWDLOHGFRQVWUXFWLRQ
GUDZLQJVDQGDUHSHUIRUPHGE\\WKRVHTXDOLILHGWRWKHOLFHQVHH¶V(4ZDONGRZQSURFHGXUH
7KHOHYHORIGHWDLOYHULILHGGXULQJWKH(4DVEXLOWZDONGRZQVLVDERYHDQGEH\\RQGWKDWZKLFK
LVGHPRQVWUDWHGLQWKHIXQFWLRQDODUUDQJHPHQW,7$$&7KURXJKWKHGHVLJQFRQWUROSURFHVV
WKH DVEXLOW GUDZLQJV DUH DOVR HQVXUHG WR PDWFK WKH VLPSOLILHG ILJXUHV DQG OLVWLQJ RI
FRPSRQHQWVDQGOLQHVLQWKHIXQFWLRQDODUUDQJHPHQW&2/WDEOHV7KHUHIRUHZKHQ(4DVEXLOW
,7$$& FRYHUV WKH VDPH FRPSRQHQWV DV WKH IXQFWLRQDO DUUDQJHPHQW,7$$& QR DGGLWLRQDO
LQIRUPDWLRQLVYHULILHGE\\FRPSOHWLRQRIWKDWIXQFWLRQDODUUDQJHPHQW,7$$&
)RUWKH,7$$&WKDWDUHFRPSOHWHGXQGHUWKHLQLWLDOWHVWSURJUDP ,73 FHUWDLQUHTXLUHPHQWV
IRUWKHGRFXPHQWVSURGXFHGWRVDWLVI\\WKH$&QHHGWREHPHW7KH,73LVGHVFULEHGLQ8)6$5
&KDSWHUDQGFRQIRUPVWR5HJXODWRU\\*XLGH7KH,73KDVSURFHGXUDOUHTXLUHPHQWVIRU
SUHRSHUDWLRQDOWHVWVXVHGWRVDWLVI\\,7$$&DVZHOODVSURFHGXUDOUHTXLUHPHQWVIRUFRPSRQHQW
WHVWVZKLFKDUHSUHUHTXLVLWHVWRSUHRSHUDWLRQDOWHVWVDQGFDQDOVREHXVHGWRVDWLVI\\,7$$&
7KURXJK WKH DGPLQLVWUDWLYH FRQWUROV RI WKH,73 SUHRSHUDWLRQDO WHVWV UHTXLUH D SUHWHVW
ZDONGRZQWRFRQILUPWKHDVEXLOWV\\VWHPFRQILJXUDWLRQPDWFKHVWKHGHWDLOHGV\\VWHPGUDZLQJV
$VEXLOWZDONGRZQVDUHVXJJHVWHGSULRUWRFRPSRQHQWWHVWVDVZHOO7KHDFWXDOWHVWLQJRIWKH
FRPSRQHQWV YHULILHV IXQFWLRQDOLW\\ RI WKH FRPSRQHQW DQGRU WKH LQWHJUDWHG V\\VWHP ZKLFK
YDOLGDWHVWKHV\\VWHPLVDUUDQJHGDQGIXQFWLRQVDVGHVLJQHG)RUWKH,7$$&ZKRVH,7$DUH
SHUIRUPHGXQGHUWKH,73WKHGRFXPHQWDWLRQZKLFKYHULILHVWKH$&KDVEHHQPHWLQFOXGHV
V\\VWHPDUUDQJHPHQWYHULILFDWLRQWRDILQHUGHJUHHRIGHWDLOWKDQWKDWZKLFKZRXOGEHUHTXLUHG
E\\ WKH IXQFWLRQDO DUUDQJHPHQW,7$$& 7KHUHIRUH ZKHQ,73,7$$& FRYHU WKH VDPH
FRPSRQHQWVDVWKHIXQFWLRQDODUUDQJHPHQW,7$$&QRDGGLWLRQDOLQIRUPDWLRQLVYHULILHGE\\
FRPSOHWLRQRIWKDWIXQFWLRQDODUUDQJHPHQW,7$$&
DRAFT XD XD 56XEV 56XE PHQW LGHQWLIL PHQW
RQHQWWDJQXPEHU RQHQWWDJQ ULEXWHVRI
ULEXWH LQVWDOODWLRQ
QVWDOOD QILJXUDWLRQV7 QILJXU KHVHDWWU VHD (4,7$$&FORVXUHW 4,7$$&FO R
R JDQGRUDQDO\\VHVXWLO GRUDQDO\\
L]H WHGXVLQJWKH(4'3VD HGXVLQJWKH(4'3 RVHTXDOLILHGWRWKHOLFH TXDOLILHGWRWKHOLF WKH(4DVEXLOWZDONGR DVEXLOWZDONGR QDODUUDQJHPHQW,7$$&
QDODUUDQJHPHQW
DOVR HQVXUHG WR PDW DOVR HQVXUHG WR
KHIXQFWLRQDODUUDQJHP HIXQFWLRQDODUUDQJHP PH FRPSRQHQWV DV WKH PSRQHQWV DV WKH GE\\FRPSOHWLRQRIWKDW GE\\FRPSOHWLRQ KDWDUHFRPSOHWHGXQG KDWDUHFRPSOHWHGXQG SURGXFHGWRVDWLV SURGXFHGWRVD RUPVWR5HJX RUPVWR5HJ VHGWRVD VHGWRVD VLW VLW
1' ;;;;
(QFORVXUH
5HTXHVWIRU/LFHQVH$PHQGPHQW )XQFWLRQDO$UUDQJHPHQW,7$$&2SWLPL]DWLRQ /$5
3DJHRI
$V GLVFXVVHG DERYH WKH,7$$& WKDW ERXQG WKH IXQFWLRQDO DUUDQJHPHQW,7$$& LQKHUHQWO\\
YHULI\\IXQFWLRQDODUUDQJHPHQWRIWKHV\\VWHPV WKHUHIRUHUHOLDQFHRQWKHVXEVHTXHQW,7$$&
x
HQFRPSDVVHV WKH VFRSH LGHQWLILHG LQ WKH GHVLJQ FRPPLWPHQW IRU WKH IXQFWLRQDO
DUUDQJHPHQW,7$$& ZKLFK ZLOO EH VKRZQ WKURXJK WKH,7$$& GHPRQVWUDWLQJ WKH
IXQFWLRQDOLW\\
x
UHWDLQVSHUIRUPDQFHRIWKHRWKHUUHTXLUHG,7$IRUHDFKLPSDFWHGV\\VWHPDQG
x
GRHV QRW LPSDFW WKH VFRSH RI WKH &)5 J ILQGLQJ WR EH PDGH E\\ WKH
&RPPLVVLRQLQGLFDWLQJWKDWWKH$&LQ&2/$SSHQGL[&DUHPHW
7KHV\\VWHPVZKRVHIXQFWLRQDODUUDQJHPHQW,7$$&DUHERXQGHGE\\RWKHU,7$$&DQGRU
YHULILHGE\\RWKHUPHDQVDUHDVIROORZV
x
)XHO+DQGOLQJDQG5HIXHOLQJ6\\VWHP )+6
x
&RPSRQHQW&RROLQJ:DWHU6\\VWHP &&6
x
&KHPLFDODQG9ROXPH&RQWURO6\\VWHP &96
x
6WDQGE\\'LHVHO)XHO2LO6\\VWHP '26
x
)LUH3URWHFWLRQ6\\VWHP )36
x
0HFKDQLFDO+DQGOLQJ6\\VWHP 0+6
x
1RUPDO5HVLGXDO+HDW5HPRYDO6\\VWHP 516
x
6SHQW)XHO3RRO&RROLQJ6\\VWHP 6)6
x
6HUYLFH:DWHU6\\VWHP 6:6
x
&RQWDLQPHQW+\\GURJHQ&RQWURO6\\VWHP 9/6
x
/LTXLG5DGZDVWH6\\VWHP :/6
x
- DVHRXV5DGZDVWH6\\VWHP :*6
x
6ROLG5DGZDVWH6\\VWHP :66
x
3ULPDU\\6DPSOLQJ6\\VWHP 366
x
'HPLQHUDOL]HG:DWHU7UDQVIHUDQG6WRUDJH6\\VWHP ':6
x
&RPSUHVVHGDQG,QVWUXPHQWDWLRQ$LU6\\VWHP &$6
x
5DGLRDFWLYH:DVWH'UDLQ6\\VWHP :56
x
0DLQDQG6WDUWXS)HHGZDWHU6\\VWHP ):6
QG QG 6
6
HP &96
&96
P '26
'26
36
J6\\VWHP 0+6
J6\\VWHP 0+6
DO+HDW5HPRYDO6\\VWH HDW5HPRYDO6\\VWH O3RRO&RROLQJ6\\VWHP
O3RRO&RROLQJ6\\VWH
- DWHU6\\VWHP 6:6
- DWHU6\\VWHP 6
+\\GURJHQ
+\\GURJHQ
1' ;;;;
(QFORVXUH
5HTXHVWIRU/LFHQVH$PHQGPHQW )XQFWLRQDO$UUDQJHPHQW,7$$&2SWLPL]DWLRQ /$5
3DJHRI
x
0DLQ7XUELQH6\\VWHP 076
x
&RQGHQVDWH6\\VWHP &'6
x
,Q&RUH,QVWUXPHQWDWLRQ6\\VWHP ,,6
x
6SHFLDO0RQLWRULQJ6\\VWHP 606
x
6HLVPLF0RQLWRULQJ6\\VWHP 6-6
x
0DLQDF3RZHU6\\VWHP (&6
x
2QVLWH6WDQGE\\3RZHU6\\VWHP =26
x
1XFOHDU,VODQG1RQUDGLRDFWLYH9HQWLODWLRQ6\\VWHP 9%6
x
&HQWUDO&KLOOHG:DWHU6\\VWHP 9:6
x
$QQH[$X[LOLDU\\%XLOGLQJV1RQUDGLRDFWLYH9HQWLODWLRQ6\\VWHP 9;6
x
'LHVHO*HQHUDWRU%XLOGLQJ9HQWLODWLRQ6\\VWHP 9=6
x
5DGLRORJLFDOO\\&RQWUROOHG$UHD9HQWLODWLRQ6\\VWHP 9$6
x
&RQWDLQPHQW$LU)LOWUDWLRQ6\\VWHP 9)6
x
&RQWDLQPHQW5HFLUFXODWLRQ&RROLQJ6\\VWHP 9&6
)XHO+DQGOLQJDQG5HIXHOLQJ6\\VWHP )+6
&2/$SSHQGL[& DQGSODQWVSHFLILF7LHU 7DEOHLQFOXGHV,7$$&1R ,7$$&
WKH)+6IXQFWLRQDODUUDQJHPHQW,7$$&
7DEOH
,QVSHFWLRQV7HVWV$QDO\\VHVDQG$FFHSWDQFH&ULWHULD
'HVLJQ&RPPLWPHQW
,QVSHFWLRQV7HVWV
$QDO\\VHV
$FFHSWDQFH&ULWHULD
7KHIXQFWLRQDODUUDQJHPHQW
RIWKH)+6LVDVGHVFULEHGLQ
WKH'HVLJQ'HVFULSWLRQRIWKLV
6HFWLRQ
,QVSHFWLRQRIWKHDVEXLOW
V\\VWHPZLOOEHSHUIRUPHG
7KHDVEXLOW)+6FRQIRUPV
ZLWKWKHIXQFWLRQDO
DUUDQJHPHQWDVGHVFULEHG
LQWKH'HVLJQ'HVFULSWLRQRI
WKLV6HFWLRQ
7KH'HVLJQ'HVFULSWLRQIRUWKH)+6LQFOXGHVWKHIROORZLQJNH\\DWWULEXWHV
DRAFT P 9%6
P 9%
FWLYH9HQWLODWLRQ6\\VWHP FWLYH9HQWLODWLRQ6\\VWHP WLRQ6\\VWHP 9=6
VWHP 9 HD9HQWLODWLRQ6\\VWHP 9 9HQWLODWLRQ6\\VWHP
RQ6\\VWHP 9)6
RQ6\\VWHP 9)6
FXODWLRQ
FXODW
&RROLQJ6\\VWH
&RROLQJ6\\VW
+DQGOLQJDQG5HIXHOLQ
+DQGOLQJDQG5HIXHO DQGSODQWVSHFLI DQGSODQWVSHF XQFWLRQDOD XQFWLRQDOD D
1' ;;;;
(QFORVXUH
5HTXHVWIRU/LFHQVH$PHQGPHQW )XQFWLRQDO$UUDQJHPHQW,7$$&2SWLPL]DWLRQ /$5
3DJHRI
x
7KH)+6WUDQVIHUVIXHODVVHPEOLHVDQGFRUHFRPSRQHQWVGXULQJIXHOLQJRSHUDWLRQV
DQGVWRUHVQHZDQGVSHQWIXHODVVHPEOLHVLQWKHQHZDQGVSHQWIXHOVWRUDJHUDFNV
x
7KHFRPSRQHQWORFDWLRQVRIWKH)+6DUHDVVKRZQLQ7DEOH1RWHWKH)+6
KDVQRVLPSOLILHGILJXUH
7KH'&IRUWKLV,7$$&LVGHPRQVWUDWHGWKURXJKWKH,7$DQG$&RIRWKHU,7$$&VSHFLILFDOO\\
WKHLQWHJUDWHGV\\VWHPLQVSHFWLRQVDQGWHVWLQJ,7$$&7KH)+6LVXQLTXHLQWKDWLWVGHVLJQ
GHVFULSWLRQ UHODWHV WR LQGLYLGXDO FRPSRQHQWV WKDW WUDQVIHU IXHO DVVHPEOLHV DQG FRUH
FRPSRQHQWVGXULQJUHIXHOLQJRSHUDWLRQV$VVXFKWKHIXQFWLRQDODUUDQJHPHQWVLPSO\\ORFDWHV
WKHVHFRPSRQHQWVLQGLIIHUHQWEXLOGLQJVWRGHPRQVWUDWHWKDWIXQFWLRQDOSXUSRVH,QVSHFWLRQRI
WKHVHFRPSRQHQWVGHPRQVWUDWHVWKDWWKHUHTXLUHGFRPSRQHQWVH[LVWDQGWKDWWKH\\DUHORFDWHG
LQDPDQQHUQHHGHGWRSHUIRUPWKHLQWHQGHGIXQFWLRQ6HHEHORZIRUDOLVWRIWKH,7$$&WKDW
GHPRQVWUDWHWKHGHVLJQFRPPLWPHQWRIWKH)+6IXQFWLRQDODUUDQJHPHQW,7$$& ,QGH[1R
,7$$&
&RPSRQHQW1DPH
7DJ1R
)XQFWLRQDO
,7$$&1XPEHU
,QGH[1XPEHU
/RJLFIRU)XQFWLRQDO,7$$&&RYHUDJHRI
)$
5HIXHOLQJ0DFKLQH
50
)+6)+
,7$$&SDUWVDQGLQFOXGHLQVSHFWLRQ
RIWKHDVEXLOW)+6WRORFDWHWKH50)+0
VSHQWIXHOVWRUDJHUDFNVDQGQHZIXHO
VWRUDJHUDFNVRQWKHQXFOHDULVODQG7KH
ORFDWLRQRIWKH50)+0VSHQWIXHOVWRUDJH
UDFNVDQGQHZIXHOVWRUDJHUDFNVDUH
YHULILHGWKURXJKWKLV,7$$& QRDGGLWLRQDO
LQIRUPDWLRQLVYHULILHGE\\FRPSOHWLRQRIWKH
IXQFWLRQDODUUDQJHPHQW,7$$&
)XHO+DQGOLQJ
0DFKLQH )+0
)+6)+
6SHQW)XHO6WRUDJH
5DFNV
)+6)6
1HZ)XHO6WRUDJH
5DFNV
)+6)6
)XHO7UDQVIHU7XEH
)+6)7
L
,7$$&LVWKH,QWHJUDWHG/HDN5DWH
7HVWWKDWLQFOXGHVWHVWDQGLQVSHFWLRQRIWKH
HQWLUH&RQWDLQPHQW9HVVHO%RXQGDU\\
LQFOXGLQJWKHIXHOWUDQVIHUWXEH7KHORFDWLRQ
DQGIXQFWLRQRIWKHIXHOWUDQVIHUWXEHLV
YHULILHGWKURXJKWKLV,7$$& QRDGGLWLRQDO
LQIRUPDWLRQLVYHULILHGE\\FRPSOHWLRQRIWKH
IXQFWLRQDODUUDQJHPHQW,7$$&
$V WKH IXQFWLRQDO DUUDQJHPHQW RI WKH )+6 LV YHULILHG E\\ RWKHU,7$$& WKH IXQFWLRQDO
DUUDQJHPHQW,7$$&LWVHOIGRHVQRWSURYLGHDQ\\DGGLWLRQDOLQIRUPDWLRQDQGLVSURSRVHGWREH
UHPRYHG
DRAFT HORZ HOR DUUDQJH DUUD EHU
/RJLFIRU)XQFWLRQD
/RJLFIRU)XQFW FT F
,7$$&SDU
,7$$
RIWKHDVEX RIWK VSHQWIXH SHQWIX VWRUDJH VWRUDJH ORFD RFD UD FT AF AF AF A
RA DR
)+6)7
)+6)7
DR DR
1' ;;;;
(QFORVXUH
5HTXHVWIRU/LFHQVH$PHQGPHQW )XQFWLRQDO$UUDQJHPHQW,7$$&2SWLPL]DWLRQ /$5
3DJH RI
&RPSRQHQW&RROLQJ:DWHU6\\VWHP &&6
&2/$SSHQGL[& DQGSODQWVSHFLILF7LHU 7DEOHLQFOXGHV,7$$&1R ,7$$&
WKH&&6IXQFWLRQDODUUDQJHPHQW,7$$&
7DEOH
,QVSHFWLRQV7HVWV$QDO\\VHVDQG$FFHSWDQFH&ULWHULD
'HVLJQ&RPPLWPHQW
,QVSHFWLRQV7HVWV
$QDO\\VHV
$FFHSWDQFH&ULWHULD
7KHIXQFWLRQDODUUDQJHPHQW
RIWKH&&6LVDVGHVFULEHGLQ
WKH'HVLJQ'HVFULSWLRQRIWKLV
6HFWLRQ
,QVSHFWLRQRIWKHDVEXLOW
V\\VWHPZLOOEHSHUIRUPHG
7KHDVEXLOW&&6FRQIRUPV
ZLWKWKHIXQFWLRQDO
DUUDQJHPHQWDVGHVFULEHG
LQWKH'HVLJQ'HVFULSWLRQRI
WKLV6HFWLRQ
7KH'HVLJQ'HVFULSWLRQIRU&&6LQFOXGHVWKHIROORZLQJNH\\DWWULEXWHV
x
7KH&&6UHPRYHVKHDWIURPYDULRXVSODQWFRPSRQHQWVDQGWUDQVIHUVWKLVKHDWWRWKH
VHUYLFHZDWHUV\\VWHP 6:6 GXULQJQRUPDOPRGHVRISODQWRSHUDWLRQLQFOXGLQJSRZHU
JHQHUDWLRQ VKXWGRZQ DQG UHIXHOLQJ 7KH &&6 KDV WZR SXPSV DQG WZR KHDW
H[FKDQJHUV
x
7KH&&6LVDVVKRZQLQ)LJXUHDQGWKHFRPSRQHQWORFDWLRQVRIWKH&&6DUH
DVVKRZQLQ7DEOH
7KH'&IRUWKLV,7$$&LVGHPRQVWUDWHGWKURXJKWKH,7$DQG$&RIRWKHU,7$$&VSHFLILFDOO\\
WKHWHVWLQJDQGLQVSHFWLRQVSHUIRUPHGIRU&&6ZKLFKLQFOXGHIXQFWLRQDOWHVWLQJDQG
LQWHJUDWHGV\\VWHPLQVSHFWLRQVWKDWGHPRQVWUDWHWKHUHTXLUHGFRPSRQHQWVH[LVWDQGWKDWWKH\\
DUHFRQQHFWHGLQDPDQQHUWRSHUIRUPWKHLQWHQGHGIXQFWLRQ6HHEHORZIRUDOLVWRIWKH
IXQFWLRQDO,7$$&DVVRFLDWHGZLWK&&6FRPSRQHQWVLQ)LJXUHDQG7DEOHWKDW
GHPRQVWUDWHWKHGHVLJQFRPPLWPHQWRIWKH&&6IXQFWLRQDODUUDQJHPHQW,7$$& ,QGH[1R
,7$$&
(TXLSPHQW1DPH
7DJ1R
)XQFWLRQDO
,7$$&1XPEHU
,QGH[1XPEHU
/RJLFIRU)XQFWLRQDO,7$$&
&RYHUDJHRI)$
&&63XPSV
&&603$%
LL
,7$$&SDUWSHUIRUPV
WHVWLQJRIWKH&&6SXPSVWR
SURYLGHFRROLQJZDWHUIURPWKH
&&6+;WRWKH516+;VDQG
6)6+;V QRDGGLWLRQDO
LQIRUPDWLRQLVYHULILHGE\\
FRPSOHWLRQRIWKHIXQFWLRQDO
DUUDQJHPHQW,7$$&
&&6+HDW([FKDQJHUV +;
&&60($%
516+;$ %
5160($%
6)6+;$ %
6)60($%
DRAFT LQW WKLV6 T
RZLQJNH\\DWWUL RZLQJ EXWHV
XWHV VSODQWFRPSRQHQWVDQG DQWFRPSR QJQRUPDOPRGHVRISOD DOPRG IXHOLQJ 7KH &&6 KD XHOLQJ 7KH &&6 Q)LJXUHDQGWK Q)LJXUH
VGHPRQVWUDWHGWKURXJ PRQVWUDWHGWKURXJ FWLRQVSHUIRUPHGIRU&&
FWLRQVSHUIRUPH LQVSHFWLRQVWKDWGHPRQ LQVSHFWLRQVWKDWGHP QDPDQQHUWRSHUIRUP
QDPDQQHUWRSHUIRUP
DVVRFLDWHGZLWK&&
DVVRFLDWHGZLWK VLJQFRPPLWP VLJQFRPPLWP
1' ;;;;
(QFORVXUH
5HTXHVWIRU/LFHQVH$PHQGPHQW )XQFWLRQDO$UUDQJHPHQW,7$$&2SWLPL]DWLRQ /$5
3DJHRI
(TXLSPHQW1DPH
7DJ1R
)XQFWLRQDO
,7$$&1XPEHU
,QGH[1XPEHU
/RJLFIRU)XQFWLRQDO
,7$$&&RYHUDJHRI)$
&217$,10(17+($7/2$'6
,7$$&SDUW
SHUIRUPVWHVWLQJRIWKH&&6
SXPSVWRSURYLGHFRROLQJ
ZDWHUIURPWKH&&6+;WR
WKH516+;DQG6)6+;
ZKLOHDOVRSURYLGLQJIORZWR
RWKHUXVHUVRIFRROLQJ
ZDWHUDVVKRZQRQ)LJXUH
QRDGGLWLRQDO
LQIRUPDWLRQLVYHULILHGE\\
FRPSOHWLRQRIWKHIXQFWLRQDO
DUUDQJHPHQW,7$$&
5&3V
5&603$%$%
&96/HWGRZQ+;
&960(
- /65HDFWRU&RRODQW
'UDLQ7DQN+;
- /60(
27+(5+($7/2$'6
&960LQLIORZ+;V
&960($%
5163XPS6HDOV
51603$%
3666DPSOH&RROHU
3660($%
9:6&KLOOHUV
9:60($%
&$6$LU&RPSUHVVRUV
&$606$%$%
&'63XPS0RWRU2LO
&RROHUV
&'603$%
5&39DULDEOH)UHTXHQF\\
'ULYHV
(&6(9
$V WKH IXQFWLRQDO DUUDQJHPHQW RI WKH &&6 LV YHULILHG E\\ RWKHU,7$$& WKH IXQFWLRQDO
DUUDQJHPHQW,7$$&LWVHOIGRHVQRWSURYLGHDQ\\DGGLWLRQDOLQIRUPDWLRQDQGLVSURSRVHGWREH
UHPRYHG
&KHPLFDODQG9ROXPH&RQWURO6\\VWHP &96
&2/$SSHQGL[& DQGSODQWVSHFLILF7LHU 7DEOHLQFOXGHV,7$$&1R ,7$$&
WKH&96IXQFWLRQDODUUDQJHPHQW,7$$&
7DEOH
,QVSHFWLRQV7HVWV$QDO\\VHVDQG$FFHSWDQFH&ULWHULD
'HVLJQ&RPPLWPHQW
,QVSHFWLRQV7HVWV
$QDO\\VHV
$FFHSWDQFH&ULWHULD
7KHIXQFWLRQDODUUDQJHPHQW
RIWKH&96LVDVGHVFULEHGLQ
WKH'HVLJQ'HVFULSWLRQRIWKLV
6HFWLRQ
,QVSHFWLRQRIWKHDVEXLOW
V\\VWHPZLOOEHSHUIRUPHG
7KHDVEXLOW&96FRQIRUPV
ZLWKWKHIXQFWLRQDO
DUUDQJHPHQWDVGHVFULEHG
LQWKH'HVLJQ'HVFULSWLRQRI
WKLV6HFWLRQ
7KH'HVLJQ'HVFULSWLRQIRU&96LQFOXGHVWKHIROORZLQJNH\\DWWULEXWHV
x
7KH&96SURYLGHVUHDFWRUFRRODQWV\\VWHP 5&6 SXULILFDWLRQ5&6LQYHQWRU\\FRQWURO
DQG PDNHXS FKHPLFDO VKLP DQG FKHPLFDO FRQWURO R[\\JHQ FRQWURO DQG DX[LOLDU\\
SUHVVXUL]HUVSUD\\
DRAFT FR DU T
AFT
AF AF AF AF RI WKH &&6 LV YHULILH
&&6 LV YHULILH QRWSURYLGHDQ\\DGGLWLR QRWSURYLGHDQ\\
QG9ROXPH&RQWURO6\\
9ROXPH&RQWURO6\\
DQGSODQWVSHFLILF7LHU
DQGSODQWVSHFLILF7
&96IXQFWLRQDODUUDQJHP
&96IXQFWLRQDODUUDQJH FWLRQV
FWLRQV
D
1' ;;;;
(QFORVXUH
5HTXHVWIRU/LFHQVH$PHQGPHQW )XQFWLRQDO$UUDQJHPHQW,7$$&2SWLPL]DWLRQ /$5
3DJHRI
x
7KH&96LVDVVKRZQLQ)LJXUHDQGWKHFRPSRQHQWORFDWLRQVRIWKH&96DUH
DVVKRZQLQ7DEOH
7KH'&IRUWKLV,7$$&LVGHPRQVWUDWHGWKURXJKWKH,7$DQG$&RIRWKHU,7$$&VSHFLILFDOO\\
WKHWHVWLQJDQGLQVSHFWLRQVSHUIRUPHGIRU&96ZKLFKLQFOXGHIXQFWLRQDOWHVWLQJDQG
LQWHJUDWHGV\\VWHPLQVSHFWLRQVWKDWGHPRQVWUDWHWKHUHTXLUHGFRPSRQHQWVH[LVWDQGWKDWWKH\\
DUHFRQQHFWHGLQDPDQQHUWRSHUIRUPWKHLQWHQGHGIXQFWLRQ6HHEHORZIRUDOLVWRIWKH
IXQFWLRQDO,7$$&DVVRFLDWHGZLWK&96FRPSRQHQWVLQ)LJXUHDQG7DEOHWKDW
GHPRQVWUDWHWKHGHVLJQFRPPLWPHQWRIWKH&96IXQFWLRQDODUUDQJHPHQW,7$$& ,QGH[1R
,7$$&
(TXLSPHQW1DPH
7DJ1R
)XQFWLRQDO
,7$$&1XPEHU
,QGH[1XPEHU
/RJLFIRU)XQFWLRQDO,7$$&
&RYHUDJHRI)$
&960DNHXS3XPSV
&9603$%
DL
,7$$&SDUWVD DQGE
SHUIRUPWHVWLQJRIWKHIORZSDWK
IURPWKH%RULF$FLG6WRUDJH
7DQNWKURXJKWKH&96SXPSV
DQGDOODVVRFLDWHGKHDW
H[FKDQJHUVGHPLQHUDOL]HUVDQG
ILOWHUVWRWKH5&6DQGWRWKH
5&63UHVVXUL]HU$X[LOLDU\\
6SUD\\ QRDGGLWLRQDOLQIRUPDWLRQ
LVYHULILHGE\\FRPSOHWLRQRIWKH
IXQFWLRQDODUUDQJHPHQW,7$$&
%RULF$FLG6WRUDJH7DQN
&9607
5HJHQHUDWLYH+;
&960(
/HWGRZQ+;
&960(
0L[HG%HG'HPLQHUDOL]HUV
&9609$%
&DWLRQ%HG'HPLQHUDOL]HU
&9609
5HDFWRU&RRODQW)LOWHUV
&9609$%
5&63XULILFDWLRQ0RWRU
RSHUDWHG,VRODWLRQ9DOYHV
&963/9
WKURXJK9
D
,7$$&SDUWELQVSHFWDV
EXLOWSLSLQJDVGRFXPHQWHGLQ
$60(&RGH6HFWLRQ,,,GHVLJQ
UHSRUWV &96V\\VWHPGHVLJQ
UHSRUWV UHFRUGHGRQ$60(1
FHUWLILHGGDWDUHSRUWVIRUOLQHVLQ
7DEOHZKLFKLQFOXGHWKH
YDOYHVIRXQGRQ)LJXUH
7KHORFDWLRQDQGIXQFWLRQRI
WKHVHYDOYHVDUHYHULILHGWKURXJK
WKLV,7$$& QRDGGLWLRQDO
LQIRUPDWLRQLVYHULILHGE\\
FRPSOHWLRQRIWKHIXQFWLRQDO
DUUDQJHPHQW,7$$&
&963XULILFDWLRQ5HWXUQ
/LQH3UHVVXUH%RXQGDU\\
&KHFN9DOYHV
&963/9
WKURXJK
&96$X[LOLDU\\3UHVVXUL]HU
6SUD\\/LQH3UHVVXUH
%RXQGDU\\9DOYHV
&963/
99
&965HVLQ)OXVK/LQH
&RQWDLQPHQW,VRODWLRQ
9DOYHV
&963/
99
&96'HPLQHUDOL]HU5HVLQ
)OXVK/LQH&RQWDLQPHQW
,VRODWLRQ7KHUPDO5HOLHI
9DOYH
&963/9
&96/HWGRZQ
&RQWDLQPHQW
,VRODWLRQ9DOYHV
&963/
99
&96/HWGRZQ/LQH
&RQWDLQPHQW,VRODWLRQ
7KHUPDO5HOLHI9DOYH
&963/9
DR XUL]HU
XUL]HU
&963
&9 DRAFT HU HU PEHU
PEHU
T
DL
DL
,7$
SHUIRU IURPWK IU 7DQN 7DQ DQ T
A T A T A T
%
%
A RA
&963/9
&963/9
WKURXJK9
WKURXJK9
RA RA
\\
&963/9
963/
WKURXJK
WKURXJK
DR D
9
9
DR D
1' ;;;;
(QFORVXUH
5HTXHVWIRU/LFHQVH$PHQGPHQW )XQFWLRQDO$UUDQJHPHQW,7$$&2SWLPL]DWLRQ /$5
3DJHRI
(TXLSPHQW1DPH
7DJ1R
)XQFWLRQDO
,7$$&1XPEHU
,QGH[1XPEHU
/RJLFIRU)XQFWLRQDO,7$$&
&RYHUDJHRI)$
&960DNHXS/LQH
&RQWDLQPHQW,VRODWLRQ
0RWRURSHUDWHG9DOYHV
&963/
9 9
D
,7$$&SDUWELQVSHFWDV
EXLOWSLSLQJDVGRFXPHQWHGLQ
$60(&RGH6HFWLRQ,,,GHVLJQ
UHSRUWV &96V\\VWHPGHVLJQ
UHSRUWV UHFRUGHGRQ$60(1
FHUWLILHGGDWDUHSRUWVIRUOLQHVLQ
7DEOHZKLFKLQFOXGHWKH
YDOYHVIRXQGRQ)LJXUH
7KHORFDWLRQDQGIXQFWLRQRI
WKHVHYDOYHVDUHYHULILHGWKURXJK
WKLV,7$$& QRDGGLWLRQDO
LQIRUPDWLRQLVYHULILHGE\\
FRPSOHWLRQRIWKHIXQFWLRQDO
DUUDQJHPHQW,7$$&
&96=LQF,QMHFWLRQ
&RQWDLQPHQW,VRODWLRQ
9DOYH25&
&963/9
&96=LQF,QMHFWLRQ
&RQWDLQPHQW,VRODWLRQ
9DOYH,5&
&963/9
&96=LQF$GGLWLRQ/LQH
&RQWDLQPHQW,VRODWLRQ
7KHUPDO5HOLHI9DOYH
&963/9
&960DNHXS/LQH
&RQWDLQPHQW,VRODWLRQ
7KHUPDO5HOLHI9DOYH
&963/9
&96'HPLQHUDOL]HG:DWHU
,VRODWLRQ9DOYHV
&963/9$%
&96+\\GURJHQ,QMHFWLRQ
&RQWDLQPHQW,VRODWLRQ
9DOYH25&
&963/9
&96+\\GURJHQ,QMHFWLRQ
&RQWDLQPHQW,VRODWLRQ
&KHFN9DOYH,5&
&963/9
$VWKHIXQFWLRQDODUUDQJHPHQWRIWKH&96LVYHULILHGE\\RWKHU,7$$&WKHIXQFWLRQDO
DUUDQJHPHQW,7$$&LWVHOIGRHVQRWSURYLGHDQ\\DGGLWLRQDOLQIRUPDWLRQDQGLVSURSRVHGWREH
UHPRYHG
6WDQGE\\'LHVHO)XHO2LO6\\VWHP '26
&2/$SSHQGL[& DQGSODQWVSHFLILF7LHU 7DEOHLQFOXGHV,7$$&1R ,7$$&
WKH'26IXQFWLRQDODUUDQJHPHQW,7$$&
7DEOH
,QVSHFWLRQV7HVWV$QDO\\VHVDQG$FFHSWDQFH&ULWHULD
'HVLJQ&RPPLWPHQW
,QVSHFWLRQV7HVWV
$QDO\\VHV
$FFHSWDQFH&ULWHULD
7KHIXQFWLRQDODUUDQJHPHQW
RIWKH'26LVDVGHVFULEHGLQ
WKH'HVLJQ'HVFULSWLRQRIWKLV
6HFWLRQ
,QVSHFWLRQRIWKHDVEXLOW
V\\VWHPZLOOEHSHUIRUPHG
7KHDVEXLOW'26FRQIRUPV
ZLWKWKHIXQFWLRQDO
DUUDQJHPHQWDVGHVFULEHG
LQWKH'HVLJQ'HVFULSWLRQRI
WKLV6HFWLRQ
DRAFT W
LQIR FRPSO DUUDQJH DU T
A T
A RA
3/9
3/9
RA RA RA RA DQJHPHQWRIWKH&96LV DQJHPHQWRIWKH
$&LWVHOIGRHVQRWSURYLG
$&LWVHOIGRHVQRWSUR
'LHVHO)XHO
'LHVHO)XHO DQW
DQW
1' ;;;;
(QFORVXUH
5HTXHVWIRU/LFHQVH$PHQGPHQW )XQFWLRQDO$UUDQJHPHQW,7$$&2SWLPL]DWLRQ /$5
3DJHRI
7KH'HVLJQ'HVFULSWLRQIRU'26LQFOXGHVWKHIROORZLQJNH\\DWWULEXWHV
x
7KH'26VXSSOLHVGLHVHOIXHORLOIRUWKHRQVLWHVWDQGE\\SRZHUV\\VWHP7KHGLHVHOIXHO
RLOLVVXSSOLHGE\\WZRDERYHJURXQGIXHORLOVWRUDJHWDQNV7KH'26DOVRSURYLGHVIXHO
RLO IRU WKH DQFLOODU\\ GLHVHO JHQHUDWRUV $ VLQJOH IXHO RLO VWRUDJH WDQN VHUYLFHV ERWK
DQFLOODU\\GLHVHOJHQHUDWRUV
x
7KH'26LVDVVKRZQLQ)LJXUHDQGWKHFRPSRQHQWORFDWLRQVRIWKH'26DUH
DVVKRZQLQ7DEOH
7KH'&IRUWKLV,7$$&LVGHPRQVWUDWHGWKURXJKWKH,7$DQG$&RIRWKHU,7$$&VSHFLILFDOO\\
WKHWHVWLQJDQGLQVSHFWLRQVSHUIRUPHGIRU'26ZKLFKLQFOXGHIXQFWLRQDOWHVWLQJDQGV\\VWHP
LQVSHFWLRQVWKDWGHPRQVWUDWHWKHUHTXLUHGFRPSRQHQWVH[LVWDQGWKDWWKH\\DUHFRQQHFWHGLQD
PDQQHU WR SHUIRUP WKH LQWHQGHG IXQFWLRQ 6HH EHORZ IRU D OLVW RI WKH IXQFWLRQDO,7$$&
DVVRFLDWHGZLWK'26FRPSRQHQWVLQ)LJXUHDQG7DEOHWKDWGHPRQVWUDWHWKH
GHVLJQ FRPPLWPHQW RI WKH '26 IXQFWLRQDO DUUDQJHPHQW,7$$& ,QGH[ 1R ,7$$&
&RPSRQHQW1DPH
7DJ1R
)XQFWLRQDO
,7$$&1XPEHU
,QGH[1XPEHU
/RJLFIRU)XQFWLRQDO,7$$&
&RYHUDJHRI)$
'LHVHO2LO7UDQVIHU
3DFNDJHV
'2606$%
F
,7$$&SHUIRUPVWHVWLQJWKDWWKH
IXHORLOIORZUDWHWRWKHGD\\WDQNRI
HDFKVWDQGE\\GLHVHOJHQHUDWRU
SURYLGHVIRUFRQWLQXRXVRSHUDWLRQRI
WKHDVVRFLDWHGGLHVHOJHQHUDWRU
ZKLFKLQYROYHVDOOHLJKWRIWKHVH
FRPSRQHQWV QRDGGLWLRQDO
LQIRUPDWLRQLVYHULILHGE\\FRPSOHWLRQ
RIWKHIXQFWLRQDODUUDQJHPHQW,7$$&
)XHO2LO6WRUDJH
7DQNV
'2607$%
'LHVHO*HQHUDWRU
)XHO2LO'D\\7DQNV
'2607$%
'LHVHO)XHO2LO
3XPSV
'2603$%
$QFLOODU\\'LHVHO)XHO
2LO6WRUDJH7DQN
'2607
,7$$& SHUIRUPVLQVSHFWLRQWKDW
WKHDVEXLOWDQFLOODU\\GLHVHOJHQHUDWRU
IXHORLOVWRUDJHWDQNDQGDQFKRUDJH
DUHGHVLJQHGXVLQJVHLVPLF&DWHJRU\\
,,PHWKRGVDQGFULWHULD QRDGGLWLRQDO
LQIRUPDWLRQLVYHULILHGE\\FRPSOHWLRQ
RIWKHIXQFWLRQDODUUDQJHPHQW,7$$&
$V WKH IXQFWLRQDO DUUDQJHPHQW RI WKH '26 LV YHULILHG E\\ RWKHU,7$$& WKH IXQFWLRQDO
DUUDQJHPHQW,7$$&LWVHOIGRHVQRWSURYLGHDQ\\DGGLWLRQDOLQIRUPDWLRQDQGLVSURSRVHGWREH
UHPRYHG
DRAFT DQG DQG RU D OLVW RU D
G7DEOH
G7DEOH
HPHQW,7$$& ,QG HPHQW,7$$
WLRQDO
WLRQD
&1XPEHU
XPEHU
QGH[1XPEHU
QGH[1XPEHU
/RJLF
FT FT
F
F
,7$
$%
$%
RA RA 07$%
7
RA RA D
'2603$%
'2603$%
DR DR
'2607
'2607
D
1' ;;;;
(QFORVXUH
5HTXHVWIRU/LFHQVH$PHQGPHQW )XQFWLRQDO$UUDQJHPHQW,7$$&2SWLPL]DWLRQ /$5
3DJHRI
)LUH3URWHFWLRQ6\\VWHP )36
&2/$SSHQGL[& DQGSODQWVSHFLILF7LHU 7DEOHLQFOXGHV,7$$&1R ,7$$&
WKH)36IXQFWLRQDODUUDQJHPHQW,7$$&
7DEOH
,QVSHFWLRQV7HVWV$QDO\\VHVDQG$FFHSWDQFH&ULWHULD
'HVLJQ&RPPLWPHQW
,QVSHFWLRQV7HVWV
$QDO\\VHV
$FFHSWDQFH&ULWHULD
7KHIXQFWLRQDODUUDQJHPHQW
RIWKH)36LVDVGHVFULEHGLQ
WKH'HVLJQ'HVFULSWLRQRIWKLV
6HFWLRQ
,QVSHFWLRQRIWKHDVEXLOW
V\\VWHPZLOOEHSHUIRUPHG
7KHDVEXLOW)36FRQIRUPV
ZLWKWKHIXQFWLRQDO
DUUDQJHPHQWDVGHVFULEHG
LQWKH'HVLJQ'HVFULSWLRQRI
WKLV6HFWLRQ
7KH'HVLJQ'HVFULSWLRQIRU)36LQFOXGHVWKHIROORZLQJNH\\DWWULEXWHV
x
7KH)36GHWHFWVDQGVXSSUHVVHVILUHVLQWKHSODQW7KH)36FRQVLVWVRIZDWHU
GLVWULEXWLRQV\\VWHPVDXWRPDWLFDQGPDQXDOVXSSUHVVLRQV\\VWHPVDILUHGHWHFWLRQ
DQGDODUPV\\VWHPDQGSRUWDEOHILUHH[WLQJXLVKHUV
x
7KH)36SURYLGHVILUHSURWHFWLRQIRUWKHQXFOHDULVODQGWKHDQQH[EXLOGLQJWKH
WXUELQHEXLOGLQJWKHUDGZDVWHEXLOGLQJDQGWKHGLHVHOJHQHUDWRUEXLOGLQJ
x
7KH)36LVDVVKRZQLQ)LJXUHV 6KHHWVDQG DQGDQGWKHORFDWLRQV
RIWKHFRPSRQHQWVLQWKHVHV\\VWHPVDUHVKRZQLQ7DEOH
7KH'&IRUWKLV,7$$&LVODUJHO\\GHPRQVWUDWHGWKURXJKWKH,7$DQG$&RIRWKHU,7$$&
6HHEHORZIRUDOLVWRIWKHIXQFWLRQDO,7$$&DVVRFLDWHGZLWK)36FRPSRQHQWVLQ)LJXUHV
6KHHWV DQG DQG DQG 7DEOH WKDW GHPRQVWUDWH WKH GHVLJQ
FRPPLWPHQWRIWKH)36IXQFWLRQDODUUDQJHPHQW,7$$& ,QGH[1R,7$$&
(TXLSPHQW1DPH
7DJ1R
)XQFWLRQDO
,7$$&1XPEHU
,QGH[1XPEHU
/RJLFIRU)XQFWLRQDO,7$$&
&RYHUDJHRI)$
0RWRUGULYHQ)LUH3XPS
)3603$
,7$$&LQFOXGHVWHVWLQJRIWKH
UHWULHYDELOLW\\RIWKHSDUDPHWHUVLQ
WKH0&57KHGLVSOD\\VLGHQWLILHGLQ
7DEOHFDQEHUHWULHYHGLQ
WKH0&5ZKLFKLQFOXGHVWKHVH
FRPSRQHQWV QRDGGLWLRQDO
LQIRUPDWLRQLVYHULILHGE\\
FRPSOHWLRQRIWKHIXQFWLRQDO
DUUDQJHPHQW,7$$&
'LHVHOGULYHQ)LUH3XPS
)3603%
-RFNH\\3XPS
)3603
DRAFT LQW WKLV6 T
ZLQJNH\\DWWUL ZLQJ EXWHV
XWHV
HVLQWKHSODQW7KH)36 QWKHSODQW GPDQXDOVXSSUHVVLRQ
DOVXS HILUHH[WLQJXLVKHUV
ILUHH[WLQJXLVKHUV WHFWLRQIRUWKHQXFOHDUL RUWKHQXFOHDU
ZDVWHEXLOGLQJDQGWKH ZDVWHEXLOGLQJD ZQLQ)LJXUHV 6 ZQLQ)LJXUHV 6 QWVLQWKHVHV\\VWHPVDU QWKHVHV\\VWHPVDU V,7$$&LVODUJHO\\GHP V,7$$&LVODUJHO\\G RUDOLVWRIWKHIXQFWLRQ RUDOLVWRIWKHIXQFWLRQ V DQG DQG
V DQG DQ H)36IXQF H)36IXQF D
1' ;;;;
(QFORVXUH
5HTXHVWIRU/LFHQVH$PHQGPHQW )XQFWLRQDO$UUDQJHPHQW,7$$&2SWLPL]DWLRQ /$5
3DJHRI
(TXLSPHQW1DPH
7DJ1R
)XQFWLRQDO
,7$$&1XPEHU
,QGH[1XPEHU
/RJLFIRU)XQFWLRQDO,7$$&
&RYHUDJHRI)$
3ULPDU\\)LUH:DWHU
7DQN
)3607$
L
,7$$&SDUWLQFOXGHV
LQVSHFWLRQRIWKHDVEXLOWILUHZDWHU
VWRUDJHWDQNV QRDGGLWLRQDO
LQIRUPDWLRQLVYHULILHGE\\
FRPSOHWLRQRIWKHIXQFWLRQDO
DUUDQJHPHQW,7$$&
6HFRQGDU\\)LUH:DWHU
7DQN
)3607%
)LUH3XPS'LHVHO)XHO
'D\\7DQN
)3607
,7$$&SHUIRUPVDQ
LQVSHFWLRQRIWKHDVEXLOWGLHVHO
GULYHQILUHSXPSGD\\WDQN QR
DGGLWLRQDOLQIRUPDWLRQLVYHULILHGE\\
FRPSOHWLRQRIWKHIXQFWLRQDO
DUUDQJHPHQW,7$$&
)366HLVPLF6WDQGSLSH
6XEV\\VWHPWR)363ODQW
)LUH0DLQ&URVV
&RQQHFW9DOYH
)363/9
,7$$&SHUIRUPVDQ
LQVSHFWLRQWRFRQILUPWKDW)363/
9H[LVWVDQGFDQFRQQHFWWKH
)36VHLVPLFVWDQGSLSHVXEV\\VWHP
WRWKH)36SODQWILUHPDLQ QR
DGGLWLRQDOLQIRUPDWLRQLVYHULILHGE\\
FRPSOHWLRQRIWKHIXQFWLRQDO
DUUDQJHPHQW,7$$&
3LSLQJVKRZQRQ)LJXUH
1$
L
,7$$&SHUIRUPVDQ
LQVSHFWLRQWRYHULI\\WKDWWKHSLSLQJ
VKRZQRQ)LJXUHLVLQVWDOOHG
LQWKHFRUUHFWORFDWLRQ QRDGGLWLRQDO
LQIRUPDWLRQLVYHULILHGE\\
FRPSOHWLRQRIWKHIXQFWLRQDO
DUUDQJHPHQW,7$$&
7KH)36FRQWDLQVDQXPEHURIFRPSRQHQWVQRWOLVWHGLQWKHDERYHWDEOHWKDWDUHRXWVLGHWKH
VFRSHRI,7$$&7KH)36KDVRQHVDIHW\\UHODWHGIXQFWLRQRIFRQWDLQPHQWLVRODWLRQZKLFKLV
YHULILHGYLD&16V\\VWHP,7$$&7KHUHPDLQLQJIXQFWLRQVRIWKH)36DUHGHIHQVHLQGHSWKRU
QRQVDIHW\\UHODWHG7KHDUUDQJHPHQWRIWKH)36HTXLSPHQWQHFHVVDU\\WRSHUIRUPWKHGHIHQVH
LQGHSWKIXQFWLRQVDUHYHULILHGYLDRWKHU,7$$&DVVKRZQLQWKHDERYHWDEOH7KHUHPDLQLQJ
)36FRPSRQHQWVLQ)LJXUH6KHHWVDQGDUHWHVWHGLQWKH,QLWLDO7HVW3URJUDP ,73
DVGHVFULEHGLQ8)6$56XEVHFWLRQ ZKLFKSURYLGHVYHULILFDWLRQWKDWWKHDVLQVWDOOHG
V\\VWHP SURSHUO\\ IXQFWLRQV 7KH )36 GRHV QRW KDYH DQ\\ IHDWXUHV RU IXQFWLRQV FUHGLWHG IRU
PLWLJDWLRQRIGHVLJQEDVLVHYHQWVQRUDUHWKHUHDQ\\IHDWXUHVRUIXQFWLRQVWKDWKDYHEHHQ
LGHQWLILHGDVFDQGLGDWHVIRUDGGLWLRQDOUHJXODWRU\\RYHUVLJKWSHU8)6$56HFWLRQ
,WLVDSSURSULDWHWRUHPRYHWKHIXQFWLRQDODUUDQJHPHQW,7$$&IRUWKH)36EHFDXVHWKH
IXQFWLRQDOWHVWLQJ,7$$&UHIHUHQFHGDERYHZLOOGHPRQVWUDWHWKDWWKHHTXLSPHQWQHFHVVDU\\WR
DR 1$
DRAFT GULY G
DGGLWLR FRPSOHWLR FR DUUDQJHP DUUDQ FT
,7$$&
LQVS 9
FT FT RAFT R
DR
1' ;;;;
(QFORVXUH
5HTXHVWIRU/LFHQVH$PHQGPHQW )XQFWLRQDO$UUDQJHPHQW,7$$&2SWLPL]DWLRQ /$5
3DJHRI
SHUIRUPWKHGHIHQVHLQGHSWKIXQFWLRQVDUHDSSURSULDWHO\\DUUDQJHGDQGWKHDGGLWLRQDO)36
HTXLSPHQWLQ)LJXUH6KHHWVDQGDUHWHVWHGLQWKH,737KHUHIRUHWKHIXQFWLRQDO
DUUDQJHPHQW,7$$&LVSURSRVHGWREHUHPRYHG
0HFKDQLFDO+DQGOLQJ6\\VWHP 0+6
&2/$SSHQGL[& DQGSODQWVSHFLILF7LHU 7DEOHLQFOXGHV,7$$&1R ,7$$&
WKH0+6IXQFWLRQDODUUDQJHPHQW,7$$&
7DEOH
,QVSHFWLRQV7HVWV$QDO\\VHVDQG$FFHSWDQFH&ULWHULD
'HVLJQ&RPPLWPHQW
,QVSHFWLRQV7HVWV
$QDO\\VHV
$FFHSWDQFH&ULWHULD
7KHIXQFWLRQDODUUDQJHPHQW
RIWKH0+6LVDVGHVFULEHGLQ
WKH'HVLJQ'HVFULSWLRQRIWKLV
6HFWLRQ
,QVSHFWLRQRIWKHDVEXLOW
V\\VWHPZLOOEHSHUIRUPHG
7KHDVEXLOW0+6FRQIRUPV
ZLWKWKHIXQFWLRQDO
DUUDQJHPHQWDVGHVFULEHG
LQWKH'HVLJQ'HVFULSWLRQRI
WKLV6HFWLRQ
7KH'HVLJQ'HVFULSWLRQIRU0+6LQFOXGHVWKHIROORZLQJNH\\DWWULEXWHV
x
7KH0+6SURYLGHVIRUOLIWLQJKHDY\\ORDGV7KH0+6HTXLSPHQWFDQEHRSHUDWHGGXULQJ
VKXWGRZQDQGUHIXHOLQJ
x
7KH0+6FRPSRQHQWORFDWLRQVDUHDVVKRZQLQ7DEOH1RWHWKH0+6KDVQR
VLPSOLILHGILJXUH
7KH'&IRUWKLV,7$$&LVGHPRQVWUDWHGWKURXJKWKH,7$DQG$&RIRWKHU,7$$&VSHFLILFDOO\\
WKHLQVSHFWLRQVSHUIRUPHGIRU0+6ZKLFKGHPRQVWUDWHWKHUHTXLUHGFRPSRQHQWVH[LVWDQG
DUHVL]HGWRSHUIRUPWKHLQWHQGHGIXQFWLRQ6HHEHORZIRUDOLVWRIWKHIXQFWLRQDO,7$$&
DVVRFLDWHGZLWK0+6FRPSRQHQWVLQ7DEOHWKDWGHPRQVWUDWHWKHGHVLJQFRPPLWPHQW
RIWKH0+6IXQFWLRQDODUUDQJHPHQW,7$$& ,QGH[1R ,7$$&
(TXLSPHQW1DPH
7DJ1R
)XQFWLRQDO
,7$$&1XPEHU
,QGH[1XPEHU
/RJLFIRU)XQFWLRQDO,7$$&
&RYHUDJHRI)$
&RQWDLQPHQW3RODU&UDQH
0+60+
DLL
,7$$&SDUWD SHUIRUPV
WHVWVRQWKHSRODUFUDQHWRLQFOXGH
VWDWLFORDGDQGDWHVWORDGWRORZHU
VWRSDQGKROGWKHORDG QR
DGGLWLRQDOLQIRUPDWLRQLVYHULILHGE\\
FRPSOHWLRQRIWKHIXQFWLRQDO
DUUDQJHPHQW,7$$&
DRAFTT XLOW
XLOW
UPHG
UPHG 7KHD ZLWKWKH Z
DUUDQJHP DUUD LQWKH
QWKH WKLV T
AFT FT FT HVWKHIROORZLQJNH\\DWW HVWKHIROORZLQJNH JKHDY\\ORDGV7KH0+
ORDGV7KH0+
HQWORFDWLRQVDUHDVVKR HQWORFDWLRQVDUHDVVK
$$&LVGHPRQVWUDWHGWK
$$&LVGHPRQVWUDWH SHUIRUPHGIRU0+6ZK SHUIRUPHGIRU0+6ZK UPWKHLQWHQGHGIXQ UPWKHLQWHQGHG 6FRPSRQHQWV 6FRPSRQHQW DUUDQJHP DUUDQJHP
1' ;;;;
(QFORVXUH
5HTXHVWIRU/LFHQVH$PHQGPHQW )XQFWLRQDO$UUDQJHPHQW,7$$&2SWLPL]DWLRQ /$5
3DJHRI
(TXLSPHQW1DPH
7DJ1R
)XQFWLRQDO
,7$$&1XPEHU
,QGH[1XPEHU
/RJLFIRU)XQFWLRQDO,7$$&
&RYHUDJHRI)$
&DVN+DQGOLQJ&UDQH
0+60+
ELLL
,7$$&SDUWVE DQG
SHUIRUPWHVWVRQWKHFDVNKDQGOLQJ
FUDQHWRLQFOXGHVWDWLFORDGDQGD
WHVWORDGWRORZHUDQGVWRSDQGKROG
ORDG QRDGGLWLRQDO
LQIRUPDWLRQLVYHULILHGE\\
FRPSOHWLRQRIWKHIXQFWLRQDO
DUUDQJHPHQW,7$$&
(TXLSPHQW+DWFK+RLVW
0+60+
FLL
,7$$&SDUWF SHUIRUPV
WHVWVRQWKHHTXLSPHQWKDWFKKRLVW
KROGLQJPHFKDQLVPWRVWRSDQG
KROGWKHKDWFK QRDGGLWLRQDO
LQIRUPDWLRQLVYHULILHGE\\
FRPSOHWLRQRIWKHIXQFWLRQDO
DUUDQJHPHQW,7$$&
0DLQWHQDQFH+DWFK+RLVW
0+60+
GLL
,7$$&SDUWG SHUIRUPV
WHVWVRQWKHPDLQWHQDQFHKDWFK
KRLVWKROGLQJPHFKDQLVPWRVWRS
DQGKROGWKHKDWFK QRDGGLWLRQDO
LQIRUPDWLRQLVYHULILHGE\\
FRPSOHWLRQRIWKHIXQFWLRQDO
DUUDQJHPHQW,7$$&
$V WKH IXQFWLRQDO DUUDQJHPHQW RI WKH 0+6 LV YHULILHG E\\ RWKHU,7$$& WKH IXQFWLRQDO
DUUDQJHPHQW,7$$&LWVHOIGRHVQRWSURYLGHDQ\\DGGLWLRQDOLQIRUPDWLRQDQGLVSURSRVHGWREH
UHPRYHG
1RUPDO5HVLGXDO+HDW5HPRYDO6\\VWHP 516
&2/$SSHQGL[& DQGSODQWVSHFLILF7LHU 7DEOHLQFOXGHV,7$$&1R ,7$$&
WKH516IXQFWLRQDODUUDQJHPHQW,7$$&
DRAFTT
,7$
WHVWVR KROGLQJP KR KROGWKHK KROG
AFT
GLL
GL
AF DRRA DO DUUDQJHPHQW RI
DO DUUDQJHPHQW
&LWVHOIGRHVQR
&LWVHOIGRHVQ
1' ;;;;
(QFORVXUH
5HTXHVWIRU/LFHQVH$PHQGPHQW )XQFWLRQDO$UUDQJHPHQW,7$$&2SWLPL]DWLRQ /$5
3DJHRI
7DEOH
,QVSHFWLRQV7HVWV$QDO\\VHVDQG$FFHSWDQFH&ULWHULD
'HVLJQ&RPPLWPHQW
,QVSHFWLRQV7HVWV
$QDO\\VHV
$FFHSWDQFH&ULWHULD
7KHIXQFWLRQDODUUDQJHPHQW
RIWKH516LVDVGHVFULEHGLQ
WKH'HVLJQ'HVFULSWLRQRIWKLV
6HFWLRQ
,QVSHFWLRQRIWKHDVEXLOW
V\\VWHPZLOOEHSHUIRUPHG
7KHDVEXLOW516FRQIRUPV
ZLWKWKHIXQFWLRQDO
DUUDQJHPHQWDVGHVFULEHG
LQWKH'HVLJQ'HVFULSWLRQRI
WKLV6HFWLRQ
7KH'HVLJQ'HVFULSWLRQIRU516LQFOXGHVWKHIROORZLQJNH\\DWWULEXWHV
x
7KH516UHPRYHVKHDWIURPWKHFRUHDQG5&6DQGSURYLGHV5&6ORZWHPSHUDWXUH
RYHUSUHVVXUH /723 SURWHFWLRQDWUHGXFHG5&6SUHVVXUHDQGWHPSHUDWXUH
FRQGLWLRQVDIWHUVKXWGRZQ7KH516DOVRSURYLGHVDPHDQVIRUFRROLQJWKHLQ
FRQWDLQPHQWUHIXHOLQJZDWHUVWRUDJHWDQN ,5:67 GXULQJQRUPDOSODQWRSHUDWLRQ
x
7KH516LVDVVKRZQLQ)LJXUHDQGWKH516FRPSRQHQWORFDWLRQVDUHDV
VKRZQLQ7DEOH
7KH'&IRUWKLV,7$$&LVGHPRQVWUDWHGWKURXJKWKH,7$DQG$&RIRWKHU,7$$&6HH
EHORZIRUDOLVWRIWKHIXQFWLRQDO,7$$&DVVRFLDWHGZLWK516FRPSRQHQWVLQ)LJXUH
DQG7DEOHWKDWGHPRQVWUDWHWKHGHVLJQFRPPLWPHQWRIWKH516IXQFWLRQDO
DUUDQJHPHQW,7$$& ,QGH[1R,7$$&
(TXLSPHQW1DPH
7DJ1R
)XQFWLRQDO
,7$$&1XPEHU
,QGH[1XPEHU
/RJLFIRU)XQFWLRQDO,7$$&
&RYHUDJHRI)$
5163XPSV
51603$%
ELL
,7$$&SDUW ELL WHVWV
WKDWWKH516SXPSVFDQ
SURYLGHIORZWKURXJKWKH516
KHDWH[FKDQJHUVZKHQWKH
SXPSVXFWLRQLVDOLJQHGWRWKH
5&6KRWOHJ QRDGGLWLRQDO
LQIRUPDWLRQLVYHULILHGE\\
FRPSOHWLRQRIWKHIXQFWLRQDO
DUUDQJHPHQW,7$$&
516+;V
5160($%
516'LVFKDUJHWR
,5:670RWRURSHUDWHG
,VRODWLRQ9DOYH
5163/9
DL
,7$$&SDUWDL
YHULILHVWKDWWKHVHLVPLF
&DWHJRU\\,HTXLSPHQW
LGHQWLILHGLQ7DEOHLV
LQVWDOOHGLQWKHFRUUHFW
ORFDWLRQ QRDGGLWLRQDO
LQIRUPDWLRQLVYHULILHGE\\
FRPSOHWLRQRIWKHIXQFWLRQDO
DUUDQJHPHQW,7$$&
516'LVFKDUJH5&6
3UHVVXUH%RXQGDU\\
&KHFN9DOYHV
5163/9$%
5163/9$%
516'LVFKDUJH+HDGHU
&RQWDLQPHQW,VRODWLRQ
&KHFN9DOYH
5163/9
DRAFT WUL WUL DQGSURYLGHV DQGS
&6SUHVVXUHDQG
&6SUHVVXU RYLGHVDPHDQVIRUFR RYLGHVDPHDQV
,5:67 GXULQJQRUPD
,5:67 GXULQJQRUP
DQGWKH516FR
DQGWKH QVWUDWHGWKURXJKWKH,7$
HGWKURXJKWKH,7$
DO,7$$&DVVRFLDWHGZ DO,7$$&DVVRFLDWHGZ GHPRQVWUDWHWKHGHVLJ GHPRQVWUDWHWKH
QGH[1R,7$$&
QGH[1R,7$$&
7DJ1R
7DJ DR D
51603 6
D 5160 16
D
1' ;;;;
(QFORVXUH
5HTXHVWIRU/LFHQVH$PHQGPHQW )XQFWLRQDO$UUDQJHPHQW,7$$&2SWLPL]DWLRQ /$5
3DJH RI
(TXLSPHQW1DPH
7DJ1R
)XQFWLRQDO
,7$$&1XPEHU
,QGH[1XPEHU
/RJLFIRU)XQFWLRQDO,7$$&
&RYHUDJHRI)$
516'LVFKDUJH
&RQWDLQPHQW,VRODWLRQ
7HVW&RQQHFWLRQ
5163/9
516'LVFKDUJH0RWRU
RSHUDWHG&RQWDLQPHQW
,VRODWLRQ9DOYH
5163/9
5166XFWLRQIURP&DVN
/RDGLQJ3LW0RWRU
RSHUDWHG,VRODWLRQ9DOYH
5163/9
5166XFWLRQIURP&DVN
/RDGLQJ3LW&KHFN
9DOYH
5163/9
5163XPS0LQLIORZ
$LU2SHUDWHG,VRODWLRQ
9DOYHV
5163/9$%
5165HWXUQIURP&96
&RQWDLQPHQW,VRODWLRQ
9DOYH
5163/9
516+RW/HJ6XFWLRQ
3UHVVXUH5HOLHI9DOYHV
5163/99
DL
,7$$&SDUWDL
YHULILHVWKDWWKHVHLVPLF
&DWHJRU\\,HTXLSPHQW
LGHQWLILHGLQ7DEOHLV
LQVWDOOHGLQWKHFRUUHFW
ORFDWLRQ QRDGGLWLRQDO
LQIRUPDWLRQLVYHULILHGE\\
FRPSOHWLRQRIWKHIXQFWLRQDO
DUUDQJHPHQW,7$$&
5166XFWLRQ+HDGHU
0RWRURSHUDWHG
&RQWDLQPHQW,VRODWLRQ
9DOYH
5163/9
5166XFWLRQIURP
,5:670RWRURSHUDWHG
,VRODWLRQ9DOYH
5163/9
5&6,QQHU+RW/HJ
6XFWLRQ0RWRURSHUDWHG
,VRODWLRQ9DOYHV
5163/9$%
5&62XWHU+RW/HJ
6XFWLRQ0RWRURSHUDWHG
,VRODWLRQ9DOYHV
5163/9$%
5&63UHVVXUH
%RXQGDU\\7KHUPDO
5HOLHI&KHFN9DOYHV
5163/9$%
$V WKH IXQFWLRQDO DUUDQJHPHQW RI WKH 516 LV YHULILHG E\\ RWKHU,7$$& WKH IXQFWLRQDO
DUUDQJHPHQW,7$$&LWVHOIGRHVQRWSURYLGHDQ\\DGGLWLRQDOLQIRUPDWLRQDQGLVSURSRVHGWREH
UHPRYHG
DRAFTT FT AFT
9
9
5163/9
RA D A DWHG
DWHG 5163/9
5163/9 DR D
5163 163 D
1' ;;;;
(QFORVXUH
5HTXHVWIRU/LFHQVH$PHQGPHQW )XQFWLRQDO$UUDQJHPHQW,7$$&2SWLPL]DWLRQ /$5
3DJHRI
6SHQW)XHO3RRO&RROLQJ6\\VWHP 6)6
&2/$SSHQGL[& DQGSODQWVSHFLILF7LHU 7DEOHLQFOXGHV,7$$&1R ,7$$&
WKH6)6IXQFWLRQDODUUDQJHPHQW,7$$&
7DEOH
,QVSHFWLRQV7HVWV$QDO\\VHVDQG$FFHSWDQFH&ULWHULD
'HVLJQ&RPPLWPHQW
,QVSHFWLRQV7HVWV
$QDO\\VHV
$FFHSWDQFH&ULWHULD
7KHIXQFWLRQDODUUDQJHPHQW
RIWKH6)6LVDVGHVFULEHGLQ
WKH'HVLJQ'HVFULSWLRQRIWKLV
6HFWLRQ
,QVSHFWLRQRIWKHDVEXLOW
V\\VWHPZLOOEHSHUIRUPHG
7KHDVEXLOW6)6FRQIRUPV
ZLWKWKHIXQFWLRQDO
DUUDQJHPHQWDVGHVFULEHG
LQWKH'HVLJQ'HVFULSWLRQRI
WKLV6HFWLRQ
7KH'HVLJQ'HVFULSWLRQIRU6)6LQFOXGHVWKHIROORZLQJNH\\DWWULEXWHV
x
7KH6)6UHPRYHVGHFD\\KHDWIURPVSHQWIXHOE\\WUDQVIHUULQJKHDWIURPWKHZDWHULQ
WKHVSHQWIXHOSRROWRWKHFRPSRQHQWFRROLQJZDWHUV\\VWHPGXULQJQRUPDOPRGHVRI
RSHUDWLRQ7KH6)6SXULILHVWKHZDWHULQWKHVSHQWIXHOSRROIXHOWUDQVIHUFDQDODQG
LQFRQWDLQPHQWUHIXHOLQJZDWHUVWRUDJHWDQNGXULQJQRUPDOPRGHVRIRSHUDWLRQ
)ROORZLQJHYHQWVVXFKDVHDUWKTXDNHVRUILUHVLIWKHQRUPDOKHDWUHPRYDOPHWKRGLV
QRWDYDLODEOHGHFD\\KHDWLVUHPRYHGIURPVSHQWIXHOE\\ERLOLQJZDWHULQWKHSRRO,Q
WKHHYHQWRIORQJWHUPVWDWLRQEODFNRXWPDNHXSZDWHULVVXSSOLHGWRWKHVSHQWIXHO
SRROIURPRQVLWHVWRUDJHWDQNV
x
7KH6)6LVDVVKRZQLQ)LJXUHDQGWKH6)6FRPSRQHQWORFDWLRQVDUHDV
VKRZQLQ7DEOH
7KH'&IRUWKLV,7$$&LVGHPRQVWUDWHGWKURXJKWKH,7$DQG$&RIRWKHU,7$$&6HH
EHORZIRUDOLVWRIWKHIXQFWLRQDO,7$$&DVVRFLDWHGZLWK6)6FRPSRQHQWVLQ)LJXUH
DQG7DEOHWKDWGHPRQVWUDWHWKHGHVLJQFRPPLWPHQWRIWKH6)6IXQFWLRQDO
DUUDQJHPHQW,7$$& ,QGH[1R ,7$$&
(TXLSPHQW1DPH
7DJ1R
)XQFWLRQDO
,7$$&1XPEHU
,QGH[1XPEHU
/RJLFIRU)XQFWLRQDO,7$$&
&RYHUDJHRI)$
6)63XPSV
6)603$%
F
,7$$&SDUWWHVWVWKDW
WKH6)6SXPSVFDQSURYLGH
6)6+;V
6)60($%
DRAFT WK T
RZLQJNH\\DWWUL RZLQJ EXWHV
WHV
VSHQWIXHOE\\WUDQVIHUULQ QWIXHOE\\
QHQWFRROLQJZDWHUV\\VWH QHQWFRROLQJZD HZDWHULQWKHVSHQWIXH ZDWHULQWKHVSHQW
WHUVWRUDJHWDQNGXULQJ
RUDJHWDQNGXULQJ
HDUWKTXDNHVRUILUHV
HDUWKTXDNHVRUILUHV
HDWLVUHPRYHGIURPVSH HDWLVUHPRYHGIUR PVWDWLRQEODFNRXWPD PVWDWLRQEODFNRXWP VWRUDJHWDQNV
RUDJHWDQNV
DVVKRZQLQ)LJXUH
DVVKRZQLQ)LJ 7DEOH
7DEOH
V,7$$&LVGHPR V,7$$&LVGHP WKHIXQFWLR WKHIXQFWLR WKDW WKDW
1' ;;;;
(QFORVXUH
5HTXHVWIRU/LFHQVH$PHQGPHQW )XQFWLRQDO$UUDQJHPHQW,7$$&2SWLPL]DWLRQ /$5
3DJHRI
(TXLSPHQW1DPH
7DJ1R
)XQFWLRQDO
,7$$&1XPEHU
,QGH[1XPEHU
/RJLFIRU)XQFWLRQDO,7$$&
&RYHUDJHRI)$
6SHQW)XHO3RRO 6)3
)+607
IORZWKURXJKWKH6)6KHDW
H[FKDQJHUVZKHQWDNLQJ
VXFWLRQIURPWKH6)3DQG
UHWXUQLQJIORZWRWKH6)3 QR
DGGLWLRQDOLQIRUPDWLRQLV
YHULILHGE\\FRPSOHWLRQRIWKH
IXQFWLRQDODUUDQJHPHQW
,7$$&
3&6:DWHU6WRUDJH
7DQN
3&607
IL
,7$$&SDUWI WHVWVWKH
GHOLYHU\\UDWHIURPWKH
3&&:67WRWKHVSHQWIXHO
SRRO
&DVN/RDGLQJ3LW
)+607
EYLL
,7$$&LQVSHFWVWKH
ZDWHUYROXPHRIWKHFDVN
ORDGLQJSLW QRDGGLWLRQDO
LQIRUPDWLRQLVYHULILHGE\\
FRPSOHWLRQRIWKHIXQFWLRQDO
DUUDQJHPHQW,7$$&
&DVN:DVKGRZQ3LW
)+607
ELL
,7$$&LQVSHFWVWKH
ZDWHUYROXPHRIWKHFDVN
ZDVKGRZQSLW QRDGGLWLRQDO
LQIRUPDWLRQLVYHULILHGE\\
FRPSOHWLRQRIWKHIXQFWLRQDO
DUUDQJHPHQW,7$$&
)XHO7UDQVIHU&DQDO
)+607
EL
,7$$&LQVSHFWVWKH
YROXPHRIWKHIXHOWUDQVIHU
FDQDO QRDGGLWLRQDO
LQIRUPDWLRQLVYHULILHGE\\
FRPSOHWLRQRIWKHIXQFWLRQDO
DUUDQJHPHQW,7$$&
5HIXHOLQJ&DYLW\\
)+607
F
DRAFT
IL
IL
3&
SRR T
EYLL
FTT AFT
)+607
)+607
RA D A
)+6
)+
D
1' ;;;;
(QFORVXUH
5HTXHVWIRU/LFHQVH$PHQGPHQW )XQFWLRQDO$UUDQJHPHQW,7$$&2SWLPL]DWLRQ /$5
3DJHRI
(TXLSPHQW1DPH
7DJ1R
)XQFWLRQDO
,7$$&1XPEHU
,QGH[1XPEHU
/RJLFIRU)XQFWLRQDO,7$$&
&RYHUDJHRI)$
5HIXHOLQJ&DYLW\\'UDLQ
/LQH&KHFN9DOYHV
6)63/9
,7$$&SDUWF H[HUFLVH
WHVWVWKH6)6FKHFNYDOYHVLQ
WKHUHIXHOLQJFDYLW\\GUDLQOLQH
XQGHUSUHRSHUDWLRQDO
FRQGLWLRQVWRGHPRQVWUDWH
WKDWWKHVHYDOYHVSUHYHQW
IORRGLQJRIWKHUHIXHOLQJFDYLW\\
GXULQJFRQWDLQPHQWIORRGLQJ
QRDGGLWLRQDOLQIRUPDWLRQLV
YHULILHGE\\FRPSOHWLRQRIWKH
IXQFWLRQDODUUDQJHPHQW
,7$$&
&DVN/RDGLQJ3LWWR
6)63XPS6XFWLRQ
,VRODWLRQ9DOYHV
6)63/9
L
,7$$& SDUWL YHULILHV
WKDWWKHVHLVPLF&DWHJRU\\,
HTXLSPHQWLGHQWLILHGLQ7DEOH
LVLQVWDOOHGLQWKH
FRUUHFWORFDWLRQ QRDGGLWLRQDO
LQIRUPDWLRQLVYHULILHGE\\
FRPSOHWLRQRIWKHIXQFWLRQDO
DUUDQJHPHQW,7$$&
6)63XPS'LVFKDUJH
/LQHWR&DVN/RDGLQJ3LW
,VRODWLRQ9DOYH
6)63/9
&DVN/RDGLQJ3LWWR
- /6,VRODWLRQ9DOYH
6)63/9
6SHQW)XHO3RROWR&DVN
- DVKGRZQ3LW,VRODWLRQ
9DOYH
6)63/9
&DVN:DVKGRZQ3LW
'UDLQ,VRODWLRQ9DOYH
6)63/9
)XHO7UDQVIHU&DQDOWR
6)63XPS6XFWLRQ
,VRODWLRQ9DOYH
6)63/9
L
,7$$& SDUWL YHULILHV
WKDWWKHVHLVPLF&DWHJRU\\,
HTXLSPHQWLGHQWLILHGLQ7DEOH
LVLQVWDOOHGLQWKH
FRUUHFWORFDWLRQ QRDGGLWLRQDO
LQIRUPDWLRQLVYHULILHGE\\
FRPSOHWLRQRIWKHIXQFWLRQDO
DUUDQJHPHQW,7$$&
,5:67WR6)63XPS
6XFWLRQ/LQH,VRODWLRQ
9DOYH
6)63/9
5HIXHOLQJ&DYLW\\WR6)6
3XPS6XFWLRQ,VRODWLRQ
9DOYH
6)63/9
5HIXHOLQJ&DYLW\\'UDLQ
WR6*6&RPSDUWPHQW
,VRODWLRQ9DOYH
6)63/9
DRAFT IXQ
,7$$
T
L
,7 FTT AFT 9
)63/9
)63/9
RAA Q
Q
6)63/9
6)63/9
R D
W 6)63/
)6
D 6) 6)
D
1' ;;;;
(QFORVXUH
5HTXHVWIRU/LFHQVH$PHQGPHQW )XQFWLRQDO$UUDQJHPHQW,7$$&2SWLPL]DWLRQ /$5
3DJHRI
(TXLSPHQW1DPH
7DJ1R
)XQFWLRQDO
,7$$&1XPEHU
,QGH[1XPEHU
/RJLFIRU)XQFWLRQDO,7$$&
&RYHUDJHRI)$
5HIXHOLQJ&DYLW\\'UDLQ
WR&RQWDLQPHQW6XPS
,VRODWLRQ9DOYH
6)63/9
6)6&RQWDLQPHQW
)ORRGXS,VRODWLRQ9DOYH
6)63/9
6)66XFWLRQ/LQH
&RQWDLQPHQW,VRODWLRQ
029,5&
6)63/9
LL
,7$$&WHVWVUHPRWHO\\
RSHUDWHGFRQWDLQPHQW
LVRODWLRQYDOYHVWRHQVXUH
WKH\\FORVHZLWKLQWKHUHTXLUHG
UHVSRQVHWLPHV QRDGGLWLRQDO
LQIRUPDWLRQLVYHULILHGE\\
FRPSOHWLRQRIWKHIXQFWLRQDO
DUUDQJHPHQW,7$$&
6)66XFWLRQ/LQH
&RQWDLQPHQW,VRODWLRQ
02925&
6)63/9
6)6'LVFKDUJH/LQH
&KHFN9DOYH,5&
6)63/9
DLY
,7$$&WHVWVFKHFN
YDOYHVZLWKDFWLYHVDIHW\\
IXQFWLRQVLGHQWLILHGLQ7DEOH
XQGHUSUHRSHUDWLRQDO
WHVWSUHVVXUHWHPSHUDWXUH
DQGIORZFRQGLWLRQV QR
DGGLWLRQDOLQIRUPDWLRQLV
YHULILHGE\\FRPSOHWLRQRIWKH
IXQFWLRQDODUUDQJHPHQW
,7$$&
6)6'LVFKDUJH/LQH
&RQWDLQPHQW,VRODWLRQ
02925&
6)63/9
L
,7$$& SDUWL YHULILHV
WKDWWKHVHLVPLF&DWHJRU\\,
HTXLSPHQWLGHQWLILHGLQ
LGHQWLILHGLQ7DEOHLV
LQVWDOOHGLQWKHFRUUHFW
ORFDWLRQ QRDGGLWLRQDO
LQIRUPDWLRQLVYHULILHGE\\
FRPSOHWLRQRIWKHIXQFWLRQDO
DUUDQJHPHQW,7$$&
7KH6)6FRQWDLQVVHYHUDOFRPSRQHQWVQRWOLVWHGLQWKHDERYHWDEOHWKDWDUHRXWVLGHWKHVFRSH
RI,7$$& WZRHDFKRIWKHGHPLQHUDOL]HUVDQGILOWHUV7KH6)6VDIHW\\UHODWHGDQGGHIHQVHLQ
GHSWKIXQFWLRQVGRQRWUHO\\RQWKHVHFRPSRQHQWV7KHVHFRPSRQHQWVDUHWHVWHGLQWKH,QLWLDO
7HVW3URJUDP ,73 DVGHVFULEHGLQ8)6$56XEVHFWLRQ ZKLFKSURYLGHVYHULILFDWLRQ
WKDWWKHDVLQVWDOOHGV\\VWHPSURSHUO\\IXQFWLRQV7KHVHFRPSRQHQWVDUHQRWUHTXLUHGIRUDQ\\
IHDWXUHVRUIXQFWLRQVFUHGLWHGIRUPLWLJDWLRQRIGHVLJQEDVLVHYHQWVQRUDUHWKHUHDQ\\6)6
DRAFT
FT LQIR FRP D
FT FT D AF 6)63/
)6
D
1' ;;;;
(QFORVXUH
5HTXHVWIRU/LFHQVH$PHQGPHQW )XQFWLRQDO$UUDQJHPHQW,7$$&2SWLPL]DWLRQ /$5
3DJHRI
IHDWXUHV RU IXQFWLRQV WKDW KDYH EHHQ LGHQWLILHG DV FDQGLGDWHV IRU DGGLWLRQDO UHJXODWRU\\
RYHUVLJKWSHU8)6$56HFWLRQ
,WLVDSSURSULDWHWRUHPRYHWKHIXQFWLRQDODUUDQJHPHQW,7$$&IRUWKH6)6EHFDXVHWKH
IXQFWLRQDOWHVWLQJ,7$$&UHIHUHQFHGDERYHZLOOGHPRQVWUDWHWKDWWKHHTXLSPHQWQHFHVVDU\\WR
SHUIRUPWKHVDIHW\\UHODWHGDQGGHIHQVHLQGHSWKIXQFWLRQVDUHDSSURSULDWHO\\DUUDQJHGDQG
WKHDGGLWLRQDOIRXU6)6FRPSRQHQWVQRWWHVWHGE\\RWKHU,7$$&DUHWHVWHGLQWKH,73
7KHUHIRUHWKHIXQFWLRQDODUUDQJHPHQW,7$$&LVSURSRVHGWREHUHPRYHG
6HUYLFH:DWHU6\\VWHP 6:6
&2/$SSHQGL[& DQGSODQWVSHFLILF7LHU 7DEOHLQFOXGHV,7$$&1R ,7$$&
WKH6:6IXQFWLRQDODUUDQJHPHQW,7$$&
7DEOH
,QVSHFWLRQV7HVWV$QDO\\VHVDQG$FFHSWDQFH&ULWHULD
'HVLJQ&RPPLWPHQW
,QVSHFWLRQV7HVWV
$QDO\\VHV
$FFHSWDQFH&ULWHULD
7KHIXQFWLRQDODUUDQJHPHQW
RIWKH6:6LVDVGHVFULEHGLQ
WKH'HVLJQ'HVFULSWLRQRIWKLV
6HFWLRQ
,QVSHFWLRQRIWKHDVEXLOW
V\\VWHPZLOOEHSHUIRUPHG
7KHDVEXLOW6:6FRQIRUPV
ZLWKWKHIXQFWLRQDO
DUUDQJHPHQWDVGHVFULEHG
LQWKH'HVLJQ'HVFULSWLRQRI
WKLV6HFWLRQ
7KH'HVLJQ'HVFULSWLRQIRU6:6LQFOXGHVWKHIROORZLQJNH\\DWWULEXWHV
x
7KH6:6WUDQVIHUVKHDWIURPWKHFRPSRQHQWFRROLQJZDWHUKHDWH[FKDQJHUVWRWKH
DWPRVSKHUH7KH6:6RSHUDWHVGXULQJQRUPDOPRGHVRISODQWRSHUDWLRQLQFOXGLQJ
VWDUWXSSRZHURSHUDWLRQ IXOODQGSDUWLDOORDGV FRROGRZQVKXWGRZQDQGUHIXHOLQJ
x
7KH6:6LVDVVKRZQLQ)LJXUHDQGWKHFRPSRQHQWORFDWLRQVRIWKH6:6DUH
DVVKRZQLQ7DEOH
7KH'&IRUWKLV,7$$&LVGHPRQVWUDWHGWKURXJKWKH,7$DQG$&RIRWKHU,7$$&6HHEHORZ
IRUDOLVWRIWKHIXQFWLRQDO,7$$&DVVRFLDWHGZLWK6:6FRPSRQHQWVLQ)LJXUHDQG
7DEOHWKDWGHPRQVWUDWHWKHGHVLJQFRPPLWPHQWRIWKH6:6IXQFWLRQDODUUDQJHPHQW
,7$$& ,QGH[1R,7$$&
DRAFT
$FFHSWDQFH&UL
$FFHSWDQ T
7HVWV
7HVWV VHV VHV
$FFH T
FT WKHDVEXLOW
WKHDVEXLOW
EHSHUIRUPHG
SHUIRUPHG 7KH
H ZL FT AFT RU6:6LQFOXGHVWKHIRO U 6:6LQFOXGHVWKHIR QVIHUVKHDWIURPWKHFR QVIHUVKHDWIURP UH7KH6:6RSHUDWHV
UH7KH6:6RSHUDWH SRZHURSHUDWLRQ IXOOD SRZHURSHUDWLRQ IXOOD DVVKRZQLQ
DVVKRZQLQ
EOH
EOH
1' ;;;;
(QFORVXUH
5HTXHVWIRU/LFHQVH$PHQGPHQW )XQFWLRQDO$UUDQJHPHQW,7$$&2SWLPL]DWLRQ /$5
3DJHRI
(TXLSPHQW1DPH
7DJ1R
)XQFWLRQDO
,7$$&1XPEHU
,QGH[1XPEHU
/RJLFIRU)XQFWLRQDO,7$$&
&RYHUDJHRI)$
6HUYLFH:DWHU3XPSV
6:603$%
L
,7$$&SDUWWHVWVERWK
6:6SXPS¶VFDSDFLW\\WKURXJK
WKH&&6+;V QRDGGLWLRQDO
LQIRUPDWLRQLVYHULILHGE\\
FRPSOHWLRQRIWKHIXQFWLRQDO
DUUDQJHPHQW,7$$&
6HUYLFH:DWHU&RROLQJ
7RZHU)DQV
6:60$$%
L
,7$$&SDUWWHVWVWKDW
FRQWUROVLQWKH0&5RSHUDWHWR
FDXVHWKHFRPSRQHQWVOLVWHGLQ
7DEOHWRSHUIRUPWKH
OLVWHGIXQFWLRQ QRDGGLWLRQDO
LQIRUPDWLRQLVYHULILHGE\\
FRPSOHWLRQRIWKHIXQFWLRQDO
DUUDQJHPHQW,7$$&
6HUYLFH:DWHU3XPS$
'LVFKDUJH9DOYHV
6:63/9$%
6:6&RROLQJ7RZHU
6:60(
L
,7$$&SDUWLQVSHFWVWKDW
GLVSOD\\VLGHQWLILHGLQ7DEOH
FDQEHUHWULHYHGLQWKH
0&5 QRDGGLWLRQDOLQIRUPDWLRQ
LVYHULILHGE\\FRPSOHWLRQRIWKH
IXQFWLRQDODUUDQJHPHQW,7$$&
$V WKH IXQFWLRQDO DUUDQJHPHQW RI WKH 6:6 LV YHULILHG E\\ RWKHU,7$$& WKH IXQFWLRQDO
DUUDQJHPHQW,7$$&LWVHOIGRHVQRWSURYLGHDQ\\DGGLWLRQDOLQIRUPDWLRQDQGLVSURSRVHGWREH
UHPRYHG
&RQWDLQPHQW+\\GURJHQ&RQWURO6\\VWHP 9/6
&2/$SSHQGL[& DQGSODQWVSHFLILF7LHU 7DEOH LQFOXGHV,7$$&1R ,7$$&
WKH9/6IXQFWLRQDODUUDQJHPHQW,7$$&
DRAFT 7DE OLVWHG
LQIRUPD LQI FRP FRP D
A T
L
DUUDQJHPHQW RI WKH 6 DUUDQJHPHQW RI
$&LWVHOIGRHVQRWSURY
$&LWVHOIGRHVQRWSUR
+\\
+\\
1' ;;;;
(QFORVXUH
5HTXHVWIRU/LFHQVH$PHQGPHQW )XQFWLRQDO$UUDQJHPHQW,7$$&2SWLPL]DWLRQ /$5
3DJHRI
7DEOH
,QVSHFWLRQV7HVWV$QDO\\VHVDQG$FFHSWDQFH&ULWHULD
'HVLJQ&RPPLWPHQW
,QVSHFWLRQV7HVWV
$QDO\\VHV
$FFHSWDQFH&ULWHULD
7KHIXQFWLRQDODUUDQJHPHQW
RIWKH9/6LVDVGHVFULEHGLQ
WKH'HVLJQ'HVFULSWLRQRIWKLV
6HFWLRQ
,QVSHFWLRQRIWKHDVEXLOW
V\\VWHPZLOOEHSHUIRUPHG
7KHDVEXLOW9/6FRQIRUPV
ZLWKWKHIXQFWLRQDO
DUUDQJHPHQWDVGHVFULEHG
LQWKH'HVLJQ'HVFULSWLRQRI
WKLV6HFWLRQ
7KH'HVLJQ'HVFULSWLRQIRU9/6LQFOXGHVWKHIROORZLQJNH\\DWWULEXWHV
x
7KH9/6OLPLWVK\\GURJHQJDVFRQFHQWUDWLRQLQFRQWDLQPHQWGXULQJDFFLGHQWV
x
7KH9/6KDVFDWDO\\WLFK\\GURJHQUHFRPELQHUVWKDWDUHORFDWHGLQVLGHFRQWDLQPHQW
x
7KH9/6KDVK\\GURJHQLJQLWHUVORFDWHGDVVKRZQRQ7DEOH 1RWHWKH9/6KDV
QRVLPSOLILHGILJXUH
7KH'&IRUWKLV,7$$&LVODUJHO\\GHPRQVWUDWHGWKURXJKWKH,7$DQG$&RIRWKHU,7$$&
VSHFLILFDOO\\WKHLQVSHFWLRQVSHUIRUPHGIRU9/6ZKLFKGHPRQVWUDWHWKHUHTXLUHGFRPSRQHQWV
H[LVWDQGDUHORFDWHGWRSHUIRUPWKHLQWHQGHGIXQFWLRQ6HHEHORZIRUDOLVWRIWKHIXQFWLRQDO
,7$$&DVVRFLDWHGZLWK9/6FRPSRQHQWVLQ7DEOH WKDWGHPRQVWUDWHWKHGHVLJQ
FRPPLWPHQWRIWKH9/6IXQFWLRQDODUUDQJHPHQW,7$$& ,QGH[1R,7$$&
(TXLSPHQW1DPH
7DJ1R
)XQFWLRQDO
,7$$&1XPEHU
,QGH[1XPEHU
/RJLFIRU)XQFWLRQDO,7$$&
&RYHUDJHRI)$
+\\GURJHQ,JQLWHUV
9/6(+
WKURXJK
LL
,7$$&SDUWSHUIRUPV
LQVSHFWLRQVIRUWKHQXPEHUDQG
ORFDWLRQRIK\\GURJHQLJQLWHUV QR
DGGLWLRQDOLQIRUPDWLRQLVYHULILHGE\\
FRPSOHWLRQRIWKHIXQFWLRQDO
DUUDQJHPHQW,7$$&
7KH9/6FRQWDLQVWZRFDWDO\\WLFK\\GURJHQUHFRPELQHUVQRWOLVWHGLQWKHDERYHWDEOHZKLFKDUH
RXWVLGHWKHVFRSHRI,7$$&7KH9/6SHUIRUPVQRVDIHW\\UHODWHGIXQFWLRQVDQGWKHGHIHQVH
LQGHSWKIXQFWLRQVGRQRWUHO\\RQWKHUHFRPELQHUV7KHUHFRPELQHUVDUHWHVWHGLQWKH,73DV
GHVFULEHGLQ8)6$56XEVHFWLRQ ZKLFKSURYLGHVYHULILFDWLRQWKDWWKHDVLQVWDOOHG
V\\VWHPSURSHUO\\IXQFWLRQV7KHVHFRPSRQHQWVDUHQRWXVHGWRVDWLVI\\DQ\\UHTXLUHPHQWVLQ
&)5 I RU&)5
,WLVDSSURSULDWHWRUHPRYHWKHIXQFWLRQDODUUDQJHPHQW,7$$&IRUWKH9/6EHFDXVHWKH
IXQFWLRQDOWHVWLQJ,7$$&UHIHUHQFHGDERYHZLOOGHPRQVWUDWHWKDWWKHHTXLSPHQWQHFHVVDU\\WR
SHUIRUPWKHGHIHQVHLQGHSWKIXQFWLRQVDUHDSSURSULDWHO\\DUUDQJHGDQGWKHDGGLWLRQDOWZR
9/6FRPSRQHQWVQRWWHVWHGE\\RWKHU,7$$&DUHWHVWHGLQWKH,737KHUHIRUHWKHIXQFWLRQDO
DUUDQJHPHQW,7$$&LVSURSRVHGWREHUHPRYHG
DRAFT QPHQ QPH DWDUHORFDWHGL DWDUHOR VKRZQRQ7DEOH
VKRZQRQ7DEOH
DWHGWKURXJKWKH,7$D KURXJKW U9/6ZKLFKGHPRQVWU U9/6ZKLFKGH QWHQGHGIXQFWLRQ6HH
QGHGIXQFWLRQ6H RQHQWVLQ7DEOH
LQ7DEOH
DODUUDQJHPHQW,7$$&
DODUUDQJHPHQW,7$$&
7DJ1R
)XQ 7DJ1R
)
,7$
,7$
/6(+
WKURXJK
RXJ DR D
1' ;;;;
(QFORVXUH
5HTXHVWIRU/LFHQVH$PHQGPHQW )XQFWLRQDO$UUDQJHPHQW,7$$&2SWLPL]DWLRQ /$5
3DJHRI
/LTXLG5DGZDVWH6\\VWHP :/6
&2/$SSHQGL[& DQGSODQWVSHFLILF7LHU 7DEOHLQFOXGHV,7$$&1R ,7$$&
WKH:/6IXQFWLRQDODUUDQJHPHQW,7$$&
7DEOH
,QVSHFWLRQV7HVWV$QDO\\VHVDQG$FFHSWDQFH&ULWHULD
'HVLJQ&RPPLWPHQW
,QVSHFWLRQV7HVWV
$QDO\\VHV
$FFHSWDQFH&ULWHULD
7KHIXQFWLRQDODUUDQJHPHQW
RIWKH:/6LVDVGHVFULEHGLQ
WKH'HVLJQ'HVFULSWLRQRIWKLV
6HFWLRQ
,QVSHFWLRQRIWKHDVEXLOW
V\\VWHPZLOOEHSHUIRUPHG
7KHDVEXLOW:/6FRQIRUPV
ZLWKWKHIXQFWLRQDO
DUUDQJHPHQWDVGHVFULEHG
LQWKH'HVLJQ'HVFULSWLRQRI
WKLV6HFWLRQ
7KH'HVLJQ'HVFULSWLRQIRU:/6LQFOXGHVWKHIROORZLQJNH\\DWWULEXWHV
x
7KH :/6 UHFHLYHV VWRUHV SURFHVVHV VDPSOHV DQG PRQLWRUV WKH GLVFKDUJH RI
UDGLRDFWLYHZDVWHZDWHU
x
7KH :/6 KDV FRPSRQHQWV ZKLFK UHFHLYH DQG VWRUH UDGLRDFWLYH RU SRWHQWLDOO\\
UDGLRDFWLYHOLTXLGZDVWH7KHVHDUHWKHUHDFWRUFRRODQWGUDLQWDQNWKHFRQWDLQPHQW
VXPSWKHHIIOXHQWKROGXSWDQNVDQGWKHZDVWHKROGXSWDQNV
x
7KH:/6LVDVVKRZQLQ)LJXUHDQGWKHFRPSRQHQWORFDWLRQVRIWKH:/6DUH
DVVKRZQRQ7DEOH
7KH'&IRUWKLV,7$$&LVODUJHO\\GHPRQVWUDWHGWKURXJKWKH,7$DQG$&RIRWKHU,7$$&
VSHFLILFDOO\\WKHLQVSHFWLRQVSHUIRUPHGIRU:/6ZKLFKGHPRQVWUDWHWKHUHTXLUHGFRPSRQHQWV
H[LVWDQGDUHORFDWHGWRSHUIRUPWKHLQWHQGHGIXQFWLRQ6HHEHORZIRUDOLVWRIWKHIXQFWLRQDO
,7$$&DVVRFLDWHGZLWK:/6FRPSRQHQWVLQ)LJXUHDQGRU7DEOHWKDW
GHPRQVWUDWHWKHGHVLJQFRPPLWPHQWRIWKH:/6IXQFWLRQDODUUDQJHPHQW,7$$& ,QGH[1R
,7$$&
(TXLSPHQW1DPH
7DJ1R
)XQFWLRQDO
,7$$&1XPEHU
,QGH[1XPEHU
/RJLFIRU)XQFWLRQDO,7$$&
&RYHUDJHRI)$
- /6'UDLQIURP &96
&RPSDUWPHQW 5RRP
&KHFN9DOYHV
- /63/
9$9$
DL
,7$$&SDUWLYHULILHVWKDWWKH
VHLVPLF&DWHJRU\\,HTXLSPHQW
LGHQWLILHGLQ7DEOHLV
DRAFT LQW WKLV6 T
RZLQJNH\\DWWUL RZLQJ EXWHV
EXWHV VVHV VDPSOHV DQG P V VDPSOH V ZKLFK UHFHLYH DQG
KLFK UHFHLYH DQG 7KHVHDUHWKHUHDFWRU
UHWKHUHDFWRU
XSWDQNVDQGWKHZDVWH XSWDQNVDQGWKH
RZQLQ)LJXUH
ZQLQ)LJXUH
EOH
$$&LVODUJHO\\GHPRQV
$$&LVODUJHO\\GHPR QVSHFWLRQVSHUIRUPHG
QVSHFWLRQVSHUIRUPHG
WHGWRSHUIRUPWKH WHGWRSHUIRUPW LWK:/6FRP LWK:/6FRP QFRPP QFRPP
1' ;;;;
(QFORVXUH
5HTXHVWIRU/LFHQVH$PHQGPHQW )XQFWLRQDO$UUDQJHPHQW,7$$&2SWLPL]DWLRQ /$5
3DJHRI
(TXLSPHQW1DPH
7DJ1R
)XQFWLRQDO
,7$$&1XPEHU
,QGH[1XPEHU
/RJLFIRU)XQFWLRQDO,7$$&
&RYHUDJHRI)$
- /6'UDLQIURP3DVVLYH
&RUH&RROLQJ6\\VWHP
3;6 &RPSDUWPHQW$
5RRP &KHFN
9DOYHV
- /63/
9%9%
LQVWDOOHGLQWKHFRUUHFWORFDWLRQ QR
DGGLWLRQDOLQIRUPDWLRQLVYHULILHGE\\
FRPSOHWLRQRIWKHIXQFWLRQDO
DUUDQJHPHQW,7$$&
- /6'UDLQIURP3;6
&RPSDUWPHQW% 5RRP
&KHFN9DOYHV
- /63/
9&9&
6XPS'LVFKDUJH
&RQWDLQPHQW
,VRODWLRQ9DOYH+/-,5&
- /63/9
LL
,7$$&SHUIRUPVWHVWVWR
GHPRQVWUDWHWKDWUHPRWHO\\
RSHUDWHGFRQWDLQPHQWLVRODWLRQ
YDOYHVFORVHZLWKLQUHTXLUHG
UHVSRQVHWLPHV QRDGGLWLRQDO
LQIRUPDWLRQLVYHULILHGE\\
FRPSOHWLRQRIWKHIXQFWLRQDO
DUUDQJHPHQW,7$$&
6XPS'LVFKDUJH
&RQWDLQPHQW
,VRODWLRQ9DOYH+/-25&
- /63/9
&96/HWGRZQ
&RQWDLQPHQW
,VRODWLRQ9DOYHV
&963/
99
- /6(IIOXHQW'LVFKDUJH
,VRODWLRQ9DOYH
- /63/9
DLL
,7$$&3DUWE WHVWVWKDWD
KLJKUDGLDWLRQVLJQDOFDXVHVWKLV
YDOYHWRFORVH
7KH:/6FRQWDLQVDQXPEHURIFRPSRQHQWVQRWOLVWHGLQWKHDERYHWDEOHWKDWDUHRXWVLGHWKH
VFRSHRI,7$$&7KH:/6VDIHW\\UHODWHGIXQFWLRQVDUHSHUIRUPHGE\\FRPSRQHQWVWKDWDUH
VKRZQWREHFRYHUHGE\\RWKHU,7$$&LQWKHDERYHWDEOH7KH:/6KDVQRGHIHQVHLQGHSWK
IXQFWLRQV7KHDGGLWLRQDOFRPSRQHQWVQRWWHVWHGLQ,7$$&DUHWHVWHGLQWKH,73DVGHVFULEHG
LQ 8)6$5 6XEVHFWLRQ ZKLFK SURYLGHV YHULILFDWLRQ WKDW WKH DVLQVWDOOHG V\\VWHP
SURSHUO\\IXQFWLRQV7KHVHFRPSRQHQWVDUHQRWUHTXLUHGIRUDQ\\IHDWXUHVRUIXQFWLRQVFUHGLWHG
IRUPLWLJDWLRQRIGHVLJQEDVLVHYHQWVQRUDUHWKHUHDQ\\:/6IHDWXUHVRUIXQFWLRQVWKDWKDYH
EHHQLGHQWLILHGDVFDQGLGDWHVIRUDGGLWLRQDOUHJXODWRU\\RYHUVLJKWSHU8)6$56HFWLRQ
,WLVDSSURSULDWHWRUHPRYHWKHIXQFWLRQDODUUDQJHPHQW,7$$&IRUWKH:/6EHFDXVHWKH
IXQFWLRQDOWHVWLQJ,7$$&UHIHUHQFHGDERYHZLOOGHPRQVWUDWHWKDWWKHHTXLSPHQWQHFHVVDU\\WR
SHUIRUPWKHVDIHW\\UHODWHGIXQFWLRQVDUHDSSURSULDWHO\\DUUDQJHGDQGWKHDGGLWLRQDO:/6
FRPSRQHQWVQRWWHVWHGE\\RWKHU,7$$&DUHWHVWHGLQWKH,737KHUHIRUHWKHIXQFWLRQDO
DUUDQJHPHQW,7$$&LVSURSRVHGWREHUHPRYHG
- DVHRXV5DGZDVWH6\\VWHP :*6
&2/$SSHQGL[& DQGSODQWVSHFLILF7LHU 7DEOHLQFOXGHV,7$$&1R ,7$$&
WKH:*6IXQFWLRQDODUUDQJHPHQW,7$$&
T
,7$
GHPRQ RSHUDWHG RS YDOYHVFOR YDOYH UHVSRQ SRQ LQIR T
FT FT FT
F RAF 3/9
3/9
RA RA R
DQXPEHURIFRPSRQHQW DQXPEHURIFRP 7KH:/6VDIHW\\UHODWH 7KH:/6VDIHW\\UHOD YHUHGE\\RWKHU,7$$&
YHUHGE\\RWKHU,7$$&
LWLRQDOFRPSRQHQ LWLRQDOFRPSRQ RQ
RQ
VHFRP VHFRP
1' ;;;;
(QFORVXUH
5HTXHVWIRU/LFHQVH$PHQGPHQW )XQFWLRQDO$UUDQJHPHQW,7$$&2SWLPL]DWLRQ /$5
3DJH RI
7DEOH
,QVSHFWLRQV7HVWV$QDO\\VHVDQG$FFHSWDQFH&ULWHULD
'HVLJQ&RPPLWPHQW
,QVSHFWLRQV7HVWV
$QDO\\VHV
$FFHSWDQFH&ULWHULD
7KHIXQFWLRQDODUUDQJHPHQW
RIWKH:*6LVDVGHVFULEHGLQ
WKH'HVLJQ'HVFULSWLRQRIWKLV
6HFWLRQ
,QVSHFWLRQRIWKHDVEXLOW
V\\VWHPZLOOEHSHUIRUPHG
7KHDVEXLOW:*6FRQIRUPV
ZLWKWKHIXQFWLRQDO
DUUDQJHPHQWDVGHVFULEHG
LQWKH'HVLJQ'HVFULSWLRQRI
WKLV6HFWLRQ
7KH'HVLJQ'HVFULSWLRQIRU:*6LQFOXGHVWKHIROORZLQJNH\\DWWULEXWHV
x
7KH :*6 UHFHLYHV SURFHVVHV DQG GLVFKDUJHV WKH ZDVWH JDVHV UHFHLYHG ZLWKLQ
DFFHSWDEOHRIIVLWH UHOHDVH OLPLWV GXULQJ QRUPDO PRGHV RISODQW RSHUDWLRQ LQFOXGLQJ
SRZHUJHQHUDWLRQVKXWGRZQDQGUHIXHOLQJ
x
7KH:*6LVDVVKRZQLQ)LJXUHDQGWKHFRPSRQHQWORFDWLRQVRIWKH:*6
DUHDVVKRZQRQ7DEOH
7KH'&IRUWKLV,7$$&LVODUJHO\\GHPRQVWUDWHGWKURXJKWKH,7$DQG$&RIRWKHU,7$$&
VSHFLILFDOO\\WKHLQVSHFWLRQVSHUIRUPHGIRU:*6ZKLFKGHPRQVWUDWHWKHUHTXLUHG
FRPSRQHQWVH[LVWDQGDUHORFDWHGWRSHUIRUPWKHLQWHQGHGIXQFWLRQ6HHEHORZIRUDOLVWRI
WKHIXQFWLRQDO,7$$&DVVRFLDWHGZLWK:*6FRPSRQHQWVLQ)LJXUHDQGRU7DEOH
WKDWGHPRQVWUDWHWKHGHVLJQFRPPLWPHQWRIWKH:*6IXQFWLRQDODUUDQJHPHQW
,7$$& ,QGH[1R ,7$$&
(TXLSPHQW1DPH
7DJ1R
)XQFWLRQDO,7$$&
1XPEHU
,QGH[1XPEHU
/RJLFIRU)XQFWLRQDO,7$$&
&RYHUDJHRI)$
- 6$FWLYDWHG&DUERQ
'HOD\\%HGV
- 609
$%
L
,7$$&YHULILHVWKDWWKH
HTXLSPHQWLGHQWLILHGDVKDYLQJ
VHLVPLFGHVLJQUHTXLUHPHQWVLQ
7DEOHLVLQVWDOOHGLQWKH
FRUUHFWORFDWLRQ QRDGGLWLRQDO
LQIRUPDWLRQLVYHULILHGE\\
FRPSOHWLRQRIWKHIXQFWLRQDO
DUUDQJHPHQW,7$$&
7KH:*6FRQWDLQVDQXPEHURIFRPSRQHQWVQRWOLVWHGLQWKHDERYHWDEOHWKDWDUHRXWVLGHWKH
VFRSHRI,7$$&7KH:*6KDVQRVDIHW\\UHODWHGRUGHIHQVHLQGHSWKIXQFWLRQV7KHDGGLWLRQDO
FRPSRQHQWVQRWWHVWHGLQ,7$$&DUHWHVWHGLQWKH,73DVGHVFULEHGLQ8)6$56XEVHFWLRQ
ZKLFKSURYLGHVYHULILFDWLRQWKDWWKHDVLQVWDOOHGV\\VWHPSURSHUO\\IXQFWLRQV7KHVH
D DRAFT WWUL WWUL V WKH ZDVWH V WKH
PDO PRGHV RISODQ DO PRGHV
DQGWKHFRPSRQHQ
DQGWKHFRPSRQHQ QVWUDWHGWKURXJKWKH,7 VWUDWHGWKURXJKWK HGIRU:*6ZKLFKGHP U:*6ZKLFKGHP GWRSHUIRUPWKHLQWHQGH WRSHUIRUPWKHLQWHQGH HGZLWK:*6FRPSRQHQ HGZLWK:*6FRP KHGHVLJQFRPPLWPHQW
KHGHVLJQFRPPLWPH
$$&
$$&
PH
7DJ1R
PH
7DJ1R
DR D
1' ;;;;
(QFORVXUH
5HTXHVWIRU/LFHQVH$PHQGPHQW )XQFWLRQDO$UUDQJHPHQW,7$$&2SWLPL]DWLRQ /$5
3DJHRI
FRPSRQHQWVDUHQRWUHTXLUHGIRUDQ\\IHDWXUHVRUIXQFWLRQVFUHGLWHGIRUPLWLJDWLRQRIGHVLJQ
EDVLV HYHQWV QRU DUH WKHUH DQ\\ :*6 IHDWXUHV RU IXQFWLRQV WKDW KDYH EHHQ LGHQWLILHG DV
FDQGLGDWHVIRUDGGLWLRQDOUHJXODWRU\\RYHUVLJKWSHU8)6$56HFWLRQ
,WLVDSSURSULDWHWRUHPRYHWKHIXQFWLRQDODUUDQJHPHQW,7$$&IRUWKH:*6EHFDXVHWKH
IXQFWLRQDOWHVWLQJ,7$$&UHIHUHQFHGDERYHZLOOGHPRQVWUDWHWKDWWKHHTXLSPHQWQHFHVVDU\\WR
SHUIRUPVRPHQRQVDIHW\\UHODWHGQRQGHIHQVHLQGHSWKIXQFWLRQVDUHDSSURSULDWHO\\
DUUDQJHGDQGWKHDGGLWLRQDO:/6FRPSRQHQWVQRWWHVWHGE\\RWKHU,7$$&DUHWHVWHGLQWKH
,737KHUHIRUHWKHIXQFWLRQDODUUDQJHPHQW,7$$&LVSURSRVHGWREHUHPRYHG
6ROLG5DGZDVWH6\\VWHP :66
&2/$SSHQGL[& DQGSODQWVSHFLILF7LHU 7DEOHLQFOXGHV,7$$&1R ,7$$&
WKH:66IXQFWLRQDODUUDQJHPHQW,7$$&
7DEOH
,QVSHFWLRQV7HVWV$QDO\\VHVDQG$FFHSWDQFH&ULWHULD
'HVLJQ&RPPLWPHQW
,QVSHFWLRQV7HVWV
$QDO\\VHV
$FFHSWDQFH&ULWHULD
7KHIXQFWLRQDODUUDQJHPHQW
RIWKH:66LVDVGHVFULEHGLQ
WKH'HVLJQ'HVFULSWLRQRIWKLV
6HFWLRQ
,QVSHFWLRQRIWKHDVEXLOW
V\\VWHPZLOOEHSHUIRUPHG
7KHDVEXLOW:66FRQIRUPV
ZLWKWKHIXQFWLRQDO
DUUDQJHPHQWDVGHVFULEHG
LQWKH'HVLJQ'HVFULSWLRQRI
WKLV6HFWLRQ
7KH'HVLJQ'HVFULSWLRQIRU:66LQFOXGHVWKHIROORZLQJNH\\DWWULEXWHV
x
7KHVROLGUDGZDVWHV\\VWHP :66 UHFHLYHVFROOHFWVDQGVWRUHVWKHVROLGUDGLRDFWLYH
ZDVWHV UHFHLYHG SULRU WR WKHLU SURFHVVLQJ DQG SDFNDJLQJ E\\ PRELOH HTXLSPHQW IRU
VKLSPHQWRIIVLWH
x
7KHFRPSRQHQWORFDWLRQVRIWKH:66DUHDVVKRZQRQ7DEOH1RWHWKH:66
KDVQRVLPSOLILHGILJXUH
7KH'&IRUWKLV,7$$&LVQRWGHPRQVWUDWHGWKURXJKWKH,7$DQG$&RIRWKHU,7$$&
+RZHYHULWLVVWLOODSSURSULDWHWRUHPRYHWKHIXQFWLRQDODUUDQJHPHQW,7$$&IRUWKH:66
7KH:66KDVQRVDIHW\\UHODWHGRUGHIHQVHLQGHSWKIXQFWLRQV7KH:66FRPSRQHQWVDUH
QRWUHTXLUHGIRUDQ\\IHDWXUHVRUIXQFWLRQVFUHGLWHGIRUPLWLJDWLRQRIGHVLJQEDVLVHYHQWVQRU
DUHWKHUHDQ\\:66IHDWXUHVRUIXQFWLRQVWKDWKDYHEHHQLGHQWLILHGDVFDQGLGDWHVIRU
DGGLWLRQDOUHJXODWRU\\RYHUVLJKWSHU8)6$56HFWLRQ7KH:66FRPSRQHQWVDUHWHVWHG
LQWKH,73DVGHVFULEHGLQ8)6$56XEVHFWLRQ ZKLFKSURYLGHVYHULILFDWLRQWKDW
WKHDVLQVWDOOHGV\\VWHPSURSHUO\\IXQFWLRQV7KHUHIRUHWKHIXQFWLRQDODUUDQJHPHQW,7$$&LV
SURSRVHGWREHUHPRYHG
3ULPDU\\6DPSOLQJ6\\VWHP 366
&2/$SSHQGL[& DQGSODQWVSHFLILF7LHU 7DEOHLQFOXGHV,7$$&1R ,7$$&
WKH366IXQFWLRQDODUUDQJHPHQW,7$$&
DRAFT X
QG$FFHSWDQFH&ULWH QG$FFHSWDQFH&
T RQV7HVWV
RQV7HVWV
QDO\\VHV O\\VHV FT FT WLRQRIWKHDVEXLOW
WLRQRIWKHDVEX HPZLOOEHSHUIRUPHG
ZLOOEHSHUIRUPHG AF RAF IRU:66LQFOXGHVWKHI
- 66LQFOXGHVWKHI DGZDVWHV\\VWHP :66
DGZDVWHV\\VWHP :
HFHLYHG SULRU WR WKHLU
HFHLYHG SULRU WR WKHLU
RIIVLWH
RIIVLW WORFDWLRQ WORFDWLRQ ILJX ILJX
1' ;;;;
(QFORVXUH
5HTXHVWIRU/LFHQVH$PHQGPHQW )XQFWLRQDO$UUDQJHPHQW,7$$&2SWLPL]DWLRQ /$5
3DJHRI
7DEOH
,QVSHFWLRQV7HVWV$QDO\\VHVDQG$FFHSWDQFH&ULWHULD
'HVLJQ&RPPLWPHQW
,QVSHFWLRQV7HVWV
$QDO\\VHV
$FFHSWDQFH&ULWHULD
7KHIXQFWLRQDODUUDQJHPHQW
RIWKH366LVDVGHVFULEHGLQ
WKH'HVLJQ'HVFULSWLRQRIWKLV
6HFWLRQ
,QVSHFWLRQRIWKHDVEXLOW
V\\VWHPZLOOEHSHUIRUPHG
7KHDVEXLOW366FRQIRUPV
ZLWKWKHIXQFWLRQDO
DUUDQJHPHQWDVGHVFULEHG
LQWKH'HVLJQ'HVFULSWLRQRI
WKLV6HFWLRQ
7KH'HVLJQ'HVFULSWLRQIRU366LQFOXGHVWKHIROORZLQJNH\\DWWULEXWHV
x
7KHSULPDU\\VDPSOLQJV\\VWHPFROOHFWVVDPSOHVRIIOXLGVLQWKHUHDFWRUFRRODQWV\\VWHP
5&6 DQGWKHFRQWDLQPHQWDWPRVSKHUHGXULQJQRUPDORSHUDWLRQV
x
7KH366LVDVVKRZQLQ)LJXUH7KH366*UDE6DPSOLQJ8QLW 36606
LVORFDWHGLQWKH$X[LOLDU\\%XLOGLQJ1RWHWKH366KDVQRWDEOHRIFRPSRQHQWORFDWLRQV
7KH'&IRUWKLV,7$$&LVGHPRQVWUDWHGWKURXJKWKH,7$DQG$&RIRWKHU,7$$&VSHFLILFDOO\\
WKHLQVSHFWLRQVSHUIRUPHGIRU366ZKLFKGHPRQVWUDWHWKHUHTXLUHGFRPSRQHQWVH[LVWDQG
DUHVL]HGWRSHUIRUPWKHLQWHQGHGIXQFWLRQ6HHEHORZIRUDOLVWRIWKHIXQFWLRQDO,7$$&
DVVRFLDWHGZLWK366FRPSRQHQWVLQ7DEOHWKDWGHPRQVWUDWHWKHGHVLJQ
FRPPLWPHQWRIWKH366IXQFWLRQDODUUDQJHPHQW,7$$& ,QGH[1R,7$$&
(TXLSPHQW1DPH
7DJ1R
)XQFWLRQDO
,7$$&1XPEHU
,QGH[1XPEHU
/RJLFIRU)XQFWLRQDO,7$$&
&RYHUDJHRI)$
&RQWDLQPHQW$LU6DPSOH
&RQWDLQPHQW,VRODWLRQ
9DOYH,5&
3663/9
L
,7$$&3DUWLYHULILHVWKDWWKH
VHLVPLF&DWHJRU\\,HTXLSPHQW
LGHQWLILHGLQ7DEOHLV
LQVWDOOHGLQWKHFRUUHFWORFDWLRQ QR
DGGLWLRQDOLQIRUPDWLRQLVYHULILHGE\\
FRPSOHWLRQRIWKHIXQFWLRQDO
DUUDQJHPHQW,7$$&
/LTXLG6DPSOH/LQH
&RQWDLQPHQW,VRODWLRQ
9DOYHV+/-,5&
3663/
9$9%
/LTXLG6DPSOH/LQH
&RQWDLQPHQW,VRODWLRQ
9DOYHV+/-25&
3663/
9$9%
6DPSOH5HWXUQ/LQH
&RQWDLQPHQW,VRODWLRQ
9DOYH25&
3663/9
6DPSOH5HWXUQ/LQH
&RQWDLQPHQW,VRODWLRQ
9DOYH,5&
3663/9
DRAFT ULULE IIOXLGVLQWKH IIOXLGV JQRUPDORSHUDWLR JQRUPDOR
7KH366*UDE6DPS
7KH366*UDE6DP HWKH366KDVQRWDEOH
WKH366KDVQRWDEOH KURXJKWKH,7$DQG$&
KURXJKWKH,7$
LFKGHPRQVWUDWHWKHUH FKGHPRQVWUDWHWKH QFWLRQ6HHEHORZIRUD Q6HHEHORZIRU
VLQ7DEOHWKDW
LQ7DEOHWKDW
RQDODUUDQJHPHQW,7$$
RQDODUUDQJHPHQW 7DJ1R
)X 7DJ1R
)
,7
DPSOH RQ
RQ
3663/9
63/9
DR D
36 36 9
9
D
1' ;;;;
(QFORVXUH
5HTXHVWIRU/LFHQVH$PHQGPHQW )XQFWLRQDO$UUDQJHPHQW,7$$&2SWLPL]DWLRQ /$5
3DJHRI
(TXLSPHQW1DPH
7DJ1R
)XQFWLRQDO
,7$$&1XPEHU
,QGH[1XPEHU
/RJLFIRU)XQFWLRQDO,7$$&
&RYHUDJHRI)$
$LU6DPSOH/LQH
&RQWDLQPHQW,VRODWLRQ
9DOYH25&
3663/9
+RW/HJ6DPSOH
,VRODWLRQ9DOYH
3663/9$
,7$$&3DUWWHVWVWKH
FRPSRQHQWVLQ7DEOH
XVLQJFRQWUROVLQWKH0&5 QR
DGGLWLRQDOLQIRUPDWLRQLVYHULILHGE\\
FRPSOHWLRQRIWKHIXQFWLRQDO
DUUDQJHPHQW,7$$&
+RW/HJ6DPSOH
,VRODWLRQ9DOYH
3663/9%
366*UDE6DPSOLQJ
8QLW
36606
,7$$&3DUWREWDLQVVDPSOHV
RIWKHUHDFWRUFRRODQWDQG
FRQWDLQPHQWDWPRVSKHUHIURPWKH
- UDE6DPSOLQJ8QLW QRDGGLWLRQDO
LQIRUPDWLRQLVYHULILHGE\\
FRPSOHWLRQRIWKHIXQFWLRQDO
DUUDQJHPHQW,7$$&
$V WKH IXQFWLRQDO DUUDQJHPHQW RI WKH 366 LV YHULILHG E\\ RWKHU,7$$& WKH IXQFWLRQDO
DUUDQJHPHQW,7$$&LWVHOIGRHVQRWSURYLGHDQ\\DGGLWLRQDOLQIRUPDWLRQDQGLVSURSRVHGWREH
UHPRYHG
'HPLQHUDOL]HG:DWHU7UDQVIHUDQG6WRUDJH6\\VWHP ':6
&2/$SSHQGL[& DQGSODQWVSHFLILF7LHU 7DEOHLQFOXGHV,7$$&1R ,7$$&
WKH':6IXQFWLRQDODUUDQJHPHQW,7$$&
7DEOH
,QVSHFWLRQV7HVWV$QDO\\VHVDQG$FFHSWDQFH&ULWHULD
'HVLJQ&RPPLWPHQW
,QVSHFWLRQV7HVWV
$QDO\\VHV
$FFHSWDQFH&ULWHULD
7KHIXQFWLRQDODUUDQJHPHQW
RIWKH':6LVDVGHVFULEHGLQ
WKH'HVLJQ'HVFULSWLRQRIWKLV
6HFWLRQ
,QVSHFWLRQRIWKHDVEXLOW
V\\VWHPZLOOEHSHUIRUPHG
7KHDVEXLOW':6FRQIRUPV
ZLWKWKHIXQFWLRQDO
DUUDQJHPHQWDVGHVFULEHG
LQWKH'HVLJQ'HVFULSWLRQRI
WKLV6HFWLRQ
7KH'HVLJQ'HVFULSWLRQIRU':6LQFOXGHVWKHIROORZLQJNH\\DWWULEXWHV
x
7KH':6UHFHLYHVZDWHUIURPWKHGHPLQHUDOL]HGZDWHUWUHDWPHQWV\\VWHP '76 DQG
SURYLGHVDUHVHUYRLURIGHPLQHUDOL]HGZDWHUWRVXSSO\\WKHFRQGHQVDWHVWRUDJHWDQN
DUU T
,7$$&
RIWKHUHD RI FRQWDLQP FRQWD
- UDE6 DE 6 LQIR T
AFFT W RI WKH 366 LV YHULI
RI WKH 366 LV YHULI HVQRWSURYLGHDQ\\DGGL HVQRWSURYLGHDQ L]HG:DWHU7UDQVIHUD
]HG:DWHU7UDQVIHUD
DQGSODQWVSHFLILF7LH
DQGSODQWVSHFLILF7L
':6IXQFWLRQDODUUDQJ
':6IXQFWLRQDODUUDQJ WLRQ WLRQ D
1' ;;;;
(QFORVXUH
5HTXHVWIRU/LFHQVH$PHQGPHQW )XQFWLRQDO$UUDQJHPHQW,7$$&2SWLPL]DWLRQ /$5
3DJHRI
DQGIRUGLVWULEXWLRQWKURXJKRXWWKHSODQW'HPLQHUDOL]HGZDWHULVSURFHVVHGLQWKH
':6WRUHPRYHGLVVROYHGR[\\JHQ
x
,QDGGLWLRQWRVXSSO\\LQJZDWHUIRUPDNHXSRIV\\VWHPVZKLFKUHTXLUHSXUHZDWHUWKH
GHPLQHUDOL]HGZDWHULVXVHGWRVOXLFHVSHQWUDGLRDFWLYHUHVLQVIURPWKHLRQH[FKDQJH
YHVVHOVLQWKHFKHPLFDODQGYROXPHFRQWUROV\\VWHP &96 WKHVSHQWIXHOSRROFRROLQJ
V\\VWHP 6)6 DQGWKHOLTXLGUDGZDVWHV\\VWHP :/6 WRWKHVROLGUDGZDVWHV\\VWHP
:66
x
7KHFRPSRQHQWORFDWLRQRIWKH':6DUHVKRZQLQ7DEOH1RWHWKH':6KDV
QRVLPSOLILHGILJXUH
7KH'&IRUWKLV,7$$&LVODUJHO\\GHPRQVWUDWHGWKURXJKWKH,7$DQG$&RIRWKHU,7$$&
VSHFLILFDOO\\WKHLQVSHFWLRQVSHUIRUPHGIRU':6ZKLFKGHPRQVWUDWHWKHUHTXLUHG
FRPSRQHQWVH[LVWDQGDUHVL]HGWRSHUIRUPWKHLQWHQGHGIXQFWLRQ6HHEHORZIRUDOLVWRIWKH
IXQFWLRQDO,7$$&DVVRFLDWHGZLWK':6FRPSRQHQWVLQ7DEOHWKDWGHPRQVWUDWHWKH
GHVLJQFRPPLWPHQWRIWKH':6IXQFWLRQDODUUDQJHPHQW,7$$& ,QGH[1R,7$$&
(TXLSPHQW1DPH
7DJ1R
)XQFWLRQDO,7$$&
1XPEHU
,QGH[1XPEHU
/RJLFIRU)XQFWLRQDO,7$$&
&RYHUDJHRI)$
&RQGHQVDWH6WRUDJH
7DQN &67
':607
,7$$& LQVSHFWVWKHDVEXLOW
&67WRFRQILUPLWVYROXPH QR
DGGLWLRQDOLQIRUPDWLRQLVYHULILHGE\\
FRPSOHWLRQRIWKHIXQFWLRQDO
DUUDQJHPHQW,7$$&
7KH':6FRQWDLQVDQXPEHURIFRPSRQHQWVQRWOLVWHGLQWKHDERYHWDEOHWKDWDUHRXWVLGHWKH
VFRSHRI,7$$&7KH':6KDVRQHVDIHW\\UHODWHGIXQFWLRQRIFRQWDLQPHQWLVRODWLRQZKLFKLV
YHULILHGYLD&16V\\VWHP,7$$&7KHUHPDLQLQJIXQFWLRQVRIWKH':6DUHGHIHQVHLQGHSWKRU
QRQVDIHW\\ UHODWHG 7KH DUUDQJHPHQW RI WKH ':6 HTXLSPHQW QHFHVVDU\\ WR SHUIRUP WKH
GHIHQVHLQGHSWKIXQFWLRQSURYLGLQJZDWHUIURPWKH&67WRWKH):6VWDUWXSIHHGZDWHUSXPSV
LVYHULILHGYLDRWKHU,7$$&DVVKRZQLQWKHDERYHWDEOH7KHUHPDLQLQJ':6FRPSRQHQWVLQ
7DEOHDUHWHVWHGLQWKH,73DVGHVFULEHGLQ8)6$56XEVHFWLRQ ZKLFK
SURYLGHVYHULILFDWLRQWKDWWKHDVLQVWDOOHGV\\VWHPSURSHUO\\IXQFWLRQV7KH':6GRHVQRWKDYH
DQ\\IHDWXUHVRUIXQFWLRQVFUHGLWHGIRUPLWLJDWLRQRIGHVLJQEDVLVHYHQWVQRUDUHWKHUHDQ\\
IHDWXUHV RU IXQFWLRQV WKDW KDYH EHHQ LGHQWLILHG DV FDQGLGDWHV IRU DGGLWLRQDO UHJXODWRU\\
RYHUVLJKWSHU8)6$56HFWLRQ
,WLVDSSURSULDWHWRUHPRYHWKHIXQFWLRQDODUUDQJHPHQW,7$$&IRUWKH':6EHFDXVHWKH
IXQFWLRQDOWHVWLQJ,7$$&UHIHUHQFHGDERYHZLOOGHPRQVWUDWHWKDWWKHHTXLSPHQWQHFHVVDU\\WR
SHUIRUPWKHGHIHQVHLQGHSWKIXQFWLRQLVDSSURSULDWHO\\DUUDQJHGDQGWKHDGGLWLRQDO':6
HTXLSPHQWLQ7DEOHLVWHVWHGLQWKH,737KHUHIRUHWKHIXQFWLRQDODUUDQJHPHQW
,7$$&LVSURSRVHGWREHUHPRYHG
&RPSUHVVHGDQG,QVWUXPHQWDWLRQ$LU6\\VWHP &$6
DRAF
AFT
$D
$D PRQVWUDWH PRQVW IXQFWLRQ IXQFWLR 6H Q7DEOH
7DEOH
WK PHQW,7$$& ,QGH PHQW,7$$& ,QG [1R QFWLRQDO,7$$&
QDO,7$$
1XPEHU
EHU
,QGH[1XPEHU
,QGH[1XPEHU
FT FT AFT
AF DRRA R
QVDQXPEHURIFRPSRQ QVDQXPEHURIFRPSR 7KH':6KDVRQHV 7KH':6KDVR VWHP,7$$&7K VWHP,7$$&7 KH DUUDQJ KH DUUDQJ QSUR QSUR
1' ;;;;
(QFORVXUH
5HTXHVWIRU/LFHQVH$PHQGPHQW )XQFWLRQDO$UUDQJHPHQW,7$$&2SWLPL]DWLRQ /$5
3DJHRI
&2/$SSHQGL[& DQGSODQWVSHFLILF7LHU 7DEOHLQFOXGHV,7$$&1R ,7$$&
WKH&$6IXQFWLRQDODUUDQJHPHQW,7$$&
7DEOH
,QVSHFWLRQV7HVWV$QDO\\VHVDQG$FFHSWDQFH&ULWHULD
'HVLJQ&RPPLWPHQW
,QVSHFWLRQV7HVWV
$QDO\\VHV
$FFHSWDQFH&ULWHULD
7KHIXQFWLRQDODUUDQJHPHQW
RIWKH&$6LVDVGHVFULEHGLQ
WKH'HVLJQ'HVFULSWLRQRIWKLV
6HFWLRQ
,QVSHFWLRQRIWKHDVEXLOW
V\\VWHPZLOOEHSHUIRUPHG
7KHDVEXLOW&$6FRQIRUPV
ZLWKWKHIXQFWLRQDO
DUUDQJHPHQWDVGHVFULEHG
LQWKH'HVLJQ'HVFULSWLRQRI
WKLV6HFWLRQ
7KH'HVLJQ'HVFULSWLRQIRU&$6LQFOXGHVWKHIROORZLQJNH\\DWWULEXWHV
x
7KH&$6FRQVLVWVRIWKUHHVXEV\\VWHPV LQVWUXPHQWDLUVHUYLFHDLUDQGKLJKSUHVVXUH
DLU7KHLQVWUXPHQWDLUVXEV\\VWHPVXSSOLHVFRPSUHVVHGDLUIRUDLURSHUDWHGYDOYHV
DQGGDPSHUV7KHVHUYLFHDLUVXEV\\VWHPVXSSOLHVFRPSUHVVHGDLUDWRXWOHWV
WKURXJKRXWWKHSODQWWRSRZHUDLURSHUDWHGWRROVDQGLVXVHGDVDPRWLYHIRUFHIRUDLU
SRZHUHGSXPSV7KHVHUYLFHDLUVXEV\\VWHPLVDOVRXWLOL]HGDVDVXSSO\\VRXUFHIRU
EUHDWKLQJDLU7KHKLJKSUHVVXUHDLUVXEV\\VWHPVXSSOLHVDLUWRWKHPDLQFRQWUROURRP
HPHUJHQF\\KDELWDELOLW\\V\\VWHP 9(6 DQGILUHILJKWLQJDSSDUDWXVUHFKDUJHVWDWLRQ
x
7KHFRPSRQHQWORFDWLRQVRIWKH&$6DUHVKRZQLQ7DEOH1RWHWKH&$6KDV
QRVLPSOLILHGILJXUH
7KH'&IRUWKLV,7$$&LVQRWGHPRQVWUDWHGWKURXJKWKH,7$DQG$&RIRWKHU,7$$&
+RZHYHULWLVVWLOODSSURSULDWHWRUHPRYHWKHIXQFWLRQDODUUDQJHPHQW,7$$&IRUWKH&$67KH
&$6KDVRQHVDIHW\\UHODWHGIXQFWLRQRIFRQWDLQPHQWLVRODWLRQZKLFKLVYHULILHGYLD&16
V\\VWHP,7$$&7KH&$6KDVQRGHIHQVHLQGHSWKIXQFWLRQV7KH&$6FRPSRQHQWVLQ7DEOH
DUHQRWUHTXLUHGIRUDQ\\IHDWXUHVRUIXQFWLRQVFUHGLWHGIRUPLWLJDWLRQRIGHVLJQEDVLV
HYHQWVQRUDUHWKHUHDQ\\&$6IHDWXUHVRUIXQFWLRQVWKDWKDYHEHHQLGHQWLILHGDVFDQGLGDWHV
IRUDGGLWLRQDOUHJXODWRU\\RYHUVLJKWSHU8)6$56HFWLRQ7KH&$6FRPSRQHQWVDUH
WHVWHGLQWKH,73DVGHVFULEHGLQ8)6$56XEVHFWLRQ ZKLFKSURYLGHV
YHULILFDWLRQWKDWWKHDVLQVWDOOHGV\\VWHPSURSHUO\\IXQFWLRQV7KHUHIRUHWKHIXQFWLRQDO
DUUDQJHPHQW,7$$&LVSURSRVHGWREHUHPRYHG
5DGLRDFWLYH:DVWH'UDLQ6\\VWHP :56
&2/$SSHQGL[& DQGSODQWVSHFLILF7LHU 7DEOH LQFOXGHV,7$$&1R ,7$$&
WKH:56IXQFWLRQDODUUDQJHPHQW,7$$&
DRAFT W
T
NH\\DWWUL NH\\DWWULEXWHV
E QVWUXPHQWDLUVHUYLFHD QVWUXPHQWDLUVHUYLFH SOLHVFRPSUHVVHGDLUIRU OLHVFRPSUHVVHGDLUIRU VWHPVXSSOLHVFRPSUHV PVXSSOLHV RSHUDWHGWRROVDQGLVX RSHUDWHGWRROV LUVXEV\\VWHPLVDOVRXWL VXEV\\VWHPLVDOVR VXUHDLUVXEV\\VWHPVXS DLUVXEV\\VWHPVXS VWHP 9(6 DQGILUHILJ WHP 9(6 DQGILUHILJ WLRQVRIWKH&$6DUHVK WLRQVRIWKH&$6DUH H
$&LVQRWGHPRQVWUDWHG
$&LVQRWGHPRQ DSSURSULDWHWRUHPRYH DSSURSULDWHWRUHPRY IHW\\UHODWHGIXQFWLRQR IHW\\UHODWHGIXQFWLRQR H&$6KDVQRG H&$6KDVQR
UHGIRUDQ UHGIRUDQ
1' ;;;;
(QFORVXUH
5HTXHVWIRU/LFHQVH$PHQGPHQW )XQFWLRQDO$UUDQJHPHQW,7$$&2SWLPL]DWLRQ /$5
3DJHRI
7DEOH
,QVSHFWLRQV7HVWV$QDO\\VHVDQG$FFHSWDQFH&ULWHULD
'HVLJQ&RPPLWPHQW
,QVSHFWLRQV7HVWV
$QDO\\VHV
$FFHSWDQFH&ULWHULD
7KHIXQFWLRQDODUUDQJHPHQW
RIWKH:56LVDVGHVFULEHGLQ
WKH'HVLJQ'HVFULSWLRQRIWKLV
6HFWLRQ
,QVSHFWLRQRIWKHDVEXLOW
V\\VWHPZLOOEHSHUIRUPHG
7KHDVEXLOW:56FRQIRUPV
ZLWKWKHIXQFWLRQDO
DUUDQJHPHQWDVGHVFULEHG
LQWKH'HVLJQ'HVFULSWLRQRI
WKLV6HFWLRQ
7KH'HVLJQ'HVFULSWLRQIRU:56LQFOXGHVWKHIROORZLQJNH\\DWWULEXWHV
x
7KH UDGLRDFWLYH ZDVWH GUDLQ V\\VWHP :56 FROOHFWV UDGLRDFWLYH DQG SRWHQWLDOO\\
UDGLRDFWLYHOLTXLGZDVWHVIURPHTXLSPHQWDQGIORRUGUDLQVGXULQJQRUPDORSHUDWLRQ
VWDUWXSVKXWGRZQDQGUHIXHOLQJ7KHOLTXLGZDVWHVDUHWKHQWUDQVIHUUHGWRDSSURSULDWH
SURFHVVLQJDQGGLVSRVDOV\\VWHPV
x
7KH:56LVDVVKRZQLQ)LJXUH 1RWHWKH:56KDVQRWDEOHRIFRPSRQHQW
ORFDWLRQV
7KH'&IRUWKLV,7$$&LVGHPRQVWUDWHGWKURXJKWKH,7$DQG$&RIRWKHU,7$$&6HHEHORZ
IRUDOLVWRIWKHIXQFWLRQDO,7$$&DVVRFLDWHGZLWK:56FRPSRQHQWVLQ)LJXUH WKDW
GHPRQVWUDWHWKHGHVLJQFRPPLWPHQWRIWKH:56IXQFWLRQDODUUDQJHPHQW,7$$& ,QGH[
1R,7$$&
(TXLSPHQW1DPH
7DJ1R
)XQFWLRQDO
,7$$&1XPEHU
,QGH[1XPEHU
/RJLFIRU)XQFWLRQDO,7$$&
&RYHUDJHRI)$
- 56$X[%XLOGLQJ5DG
'UDLQV6XPS
- 5607
,7$$& SDUWVDQGWHVWWKH
- 56DQG:/6V\\VWHPOLQHXS
IURPWKHHTXLSPHQWDQGIORRU
GUDLQVLQWKHDX[LOLDU\\DQGDQQH[
EXLOGLQJVDQGUDGZDVWHEXLOGLQJ
WRWKHVXPSDQGKROGXSWDQNV QR
DGGLWLRQDOLQIRUPDWLRQLVYHULILHG
E\\FRPSOHWLRQRIWKHIXQFWLRQDO
DUUDQJHPHQW,7$$&
- /6:DVWH+ROGXS
7DQNV
- /607$%
- /6&KHPLFDO:DVWH
7DQN
- /607
- /6&RQW6XPS
- /607
DLL
,7$$&SDUWDWHVWVWKH
- /6FRQWDLQPHQWVXPSOHYHOV
QRDGGLWLRQDOLQIRUPDWLRQLV
YHULILHGE\\FRPSOHWLRQRIWKH
IXQFWLRQDODUUDQJHPHQW,7$$&
D D
DG
DG
DRAFT WUL WUL FROOHFWV UDGL FROOHFW GIORRUGUDLQVGXUL IORRUGUDLQ ZDVWHVDUHWKHQWU ZDVWHVDUHWKHQ DQVI
1RWHWKH:56
1RWHW VWUDWHGWKURXJKWKH,7$
HGWKURXJKWKH,7$
$&DVVRFLDWHGZLWK:5
$&DVVRFLDWHGZLWK:5 FRPPLWPHQWRIWKH:5 FRPPLWPHQWRIWK
7DJ1R
7DJ
DR DR
- 560
- 56 D
1' ;;;;
(QFORVXUH
5HTXHVWIRU/LFHQVH$PHQGPHQW )XQFWLRQDO$UUDQJHPHQW,7$$&2SWLPL]DWLRQ /$5
3DJHRI
$V WKH IXQFWLRQDO DUUDQJHPHQW RI WKH :56 LV YHULILHG E\\ RWKHU,7$$& WKH IXQFWLRQDO
DUUDQJHPHQW,7$$&LWVHOIGRHVQRWSURYLGHDQ\\DGGLWLRQDOLQIRUPDWLRQDQGFDQEHUHPRYHG
0DLQDQG6WDUWXS)HHGZDWHU6\\VWHP ):6
&2/$SSHQGL[& DQGSODQWVSHFLILF7LHU 7DEOHLQFOXGHV,7$$&1R ,7$$&
WKH):6IXQFWLRQDODUUDQJHPHQW,7$$&
7DEOH
,QVSHFWLRQV7HVWV$QDO\\VHVDQG$FFHSWDQFH&ULWHULD
'HVLJQ&RPPLWPHQW
,QVSHFWLRQV7HVWV
$QDO\\VHV
$FFHSWDQFH&ULWHULD
7KHIXQFWLRQDODUUDQJHPHQW
RIWKHVWDUWXSIHHGZDWHU
V\\VWHPLVDVGHVFULEHGLQWKH
'HVLJQ'HVFULSWLRQRIWKLV
6HFWLRQ
,QVSHFWLRQRIWKHDVEXLOW
V\\VWHPZLOOEHSHUIRUPHG
7KHDVEXLOWVWDUWXS
IHHGZDWHUV\\VWHPFRQIRUPV
ZLWKWKHIXQFWLRQDO
DUUDQJHPHQWDVGHVFULEHG
LQWKH'HVLJQ'HVFULSWLRQRI
WKLV6HFWLRQ
7KH'HVLJQ'HVFULSWLRQIRUWKHVWDUWXSIHHGZDWHUV\\VWHPLQFOXGHVWKHIROORZLQJNH\\DWWULEXWHV
x
7KHVWDUWXSIHHGZDWHUV\\VWHPVXSSOLHVIHHGZDWHUWRWKHVWHDPJHQHUDWRUVGXULQJSODQW
VWDUWXSKRWVWDQGE\\DQGVKXWGRZQFRQGLWLRQVDQGGXULQJWUDQVLHQWVLQWKHHYHQWRI
PDLQIHHGZDWHUV\\VWHPXQDYDLODELOLW\\
x
1RWH WKHVWDUWXSIHHGZDWHUV\\VWHPGHVLJQGHVFULSWLRQGRHVQRWFRQWDLQDWDEOHRI
FRPSRQHQWVQRUGRHVLWUHIHUWRDVLPSOLILHGILJXUH DOWKRXJK)LJXUHLVLQFOXGHG
LQ6HFWLRQRIWKH&2/$SSHQGL[&
7KH'&IRUWKLV,7$$&LVGHPRQVWUDWHGWKURXJKWKH,7$DQG$&RIRWKHU,7$$&6HHEHORZ
IRUDOLVWRIWKHIXQFWLRQDO,7$$&DVVRFLDWHGZLWKWKHVWDUWXSIHHGZDWHUV\\VWHPFRPSRQHQWV
LQ)LJXUHWKDWGHPRQVWUDWHWKHGHVLJQFRPPLWPHQWRIWKHVWDUWXSIHHGZDWHUV\\VWHP
IXQFWLRQDODUUDQJHPHQW,7$$& ,QGH[1R ,7$$&
(TXLSPHQW1DPH
7DJ1R
)XQFWLRQDO
,7$$&1XPEHU
,QGH[1XPEHU
/RJLFIRU)XQFWLRQDO,7$$&
&RYHUDJHRI)$
&67
':607
,7$$& SDUWWHVWVWKDWHDFK
VWDUWXSIHHGZDWHUSXPSSURYLGHV
ZDWHUIURPWKH&67WRERWKVWHDP
6WDUWXS)HHGZDWHU
3XPSV
):603$%
DRAFTT HG
HG
7K IHHGZ ZLWKWKH Z
DUUDQJHP DUUD LQWKH
QWKH WKLV T
AFT FT FT HHGZDWHUV\\VWHPLQFOXG HHGZDWHUV\\VWHP
HPVXSSOLHVIHHGZDWHU
SOLHVIHHGZDWH GVKXWGRZQFRQGLWLRQV GVKXWGRZQFRQG PXQDYDLODELOLW\\
PXQDYDLODELOLW\\
SIHHGZDWHUV\\VWHPG HGZDWHUV\\VWHPG QRUGRHVLWUHIHUWRDVLP QRUGRHVLWUHIH
RIWKH&2/$SSHQ
RIWKH&2/$S V,7$$&LVGHPRQV V,7$$&LVGHP QFWLRQDO,7$$
QFWLRQDO,7$$
WGHPR WGHPR
1' ;;;;
(QFORVXUH
5HTXHVWIRU/LFHQVH$PHQGPHQW )XQFWLRQDO$UUDQJHPHQW,7$$&2SWLPL]DWLRQ /$5
3DJHRI
(TXLSPHQW1DPH
7DJ1R
)XQFWLRQDO
,7$$&1XPEHU
,QGH[1XPEHU
/RJLFIRU)XQFWLRQDO,7$$&
&RYHUDJHRI)$
6WDUWXS)HHGZDWHU
3XPS,VRODWLRQ
9DOYHV
):63/
9$%
JHQHUDWRUV3DUWWHVWVWKH
FRPSRQHQWVLQ7DEOHXVLQJ
FRQWUROVLQWKH0&5WRSHUIRUPWKH
OLVWHGIXQFWLRQV QRDGGLWLRQDO
LQIRUPDWLRQLVYHULILHGE\\FRPSOHWLRQRI
WKHIXQFWLRQDODUUDQJHPHQW,7$$&
$V WKH IXQFWLRQDO DUUDQJHPHQW RI WKH ):6 LV YHULILHG E\\ RWKHU,7$$& WKH IXQFWLRQDO
DUUDQJHPHQW,7$$&LWVHOIGRHVQRWSURYLGHDQ\\DGGLWLRQDOLQIRUPDWLRQDQGLVSURSRVHGWREH
UHPRYHG
0DLQ7XUELQH6\\VWHP 076
&2/$SSHQGL[& DQGSODQWVSHFLILF7LHU 7DEOHLQFOXGHV,7$$&1R ,7$$&
WKH076IXQFWLRQDODUUDQJHPHQW,7$$&
7DEOH
,QVSHFWLRQV7HVWV$QDO\\VHVDQG$FFHSWDQFH&ULWHULD
'HVLJQ&RPPLWPHQW
,QVSHFWLRQV7HVWV
$QDO\\VHV
$FFHSWDQFH&ULWHULD
7KHIXQFWLRQDODUUDQJHPHQW
RIWKH076LVDVGHVFULEHGLQ
WKH'HVLJQ'HVFULSWLRQRIWKLV
6HFWLRQ
,QVSHFWLRQRIWKHDVEXLOW
V\\VWHPZLOOEHSHUIRUPHG
7KHDVEXLOW076FRQIRUPV
ZLWKWKHIXQFWLRQDO
DUUDQJHPHQWDVGHVFULEHG
LQWKH'HVLJQ'HVFULSWLRQRI
WKLV6HFWLRQ
7KH'HVLJQ'HVFULSWLRQIRU076LQFOXGHVWKHIROORZLQJNH\\DWWULEXWHV
x
7KH076LVGHVLJQHGIRUHOHFWULFSRZHUSURGXFWLRQFRQVLVWHQWZLWKWKHFDSDELOLW\\RI
WKHUHDFWRUDQGWKHUHDFWRUFRRODQWV\\VWHP
x
7KHFRPSRQHQWORFDWLRQVRIWKH076DUHVKRZQLQ7DEOH1RWHWKH076KDV
QRVLPSOLILHGILJXUH
7KH'&IRUWKLV,7$$&LVODUJHO\\GHPRQVWUDWHGWKURXJKWKH,7$DQG$&RIRWKHU,7$$&
VSHFLILFDOO\\WKHPDLQWXUELQHHOHFWULFDORYHUVSHHGSURWHFWLRQV\\VWHPWHVWLQJ6HHEHORZIRUD
OLVWRIWKHIXQFWLRQDO,7$$&DVVRFLDWHGZLWK076FRPSRQHQWVLQ7DEOHWKDW
GHPRQVWUDWHWKHGHVLJQFRPPLWPHQWRIWKH076IXQFWLRQDODUUDQJHPHQW,7$$& ,QGH[1R
,7$$&
(TXLSPHQW1DPH
7DJ1R
)XQFWLRQDO
,7$$&1XPEHU
,QGH[1XPEHU
/RJLFIRU)XQFWLRQDO,7$$&
&RYHUDJHRI)$
+37XUELQH
0760*
D
,7$$& 3DUWWHVWVWKHWZR
WXUELQHHOHFWULFDORYHUVSHHG
/37XUELQHV
0760*$%&
DRA HQW
HQW
GLQ
GLQ
RIWKLV
WKLV
,QVSHFWLRQRIWKHDV
,QVSHFWLRQRIW RAFT QIRUP QIRUP EOHLQFOXG EOH
HV,7$
V,7$
7$$&
7DEOH
7DEOH
$QDO\\VHVDQG$FFHS QDO\\VHVDQG$FF AF
,QVSHFWLRQV7HVWV
SHFWLRQV7HVWV
$QDO\\VHV
$QDO\\
AF V\\VWHPZLOOEHSH VWHPZLOOEH
RA DR DR DR FULSWLRQIRU076LQFO FULSWLRQIRU076
VLJQHGIR VLJQHGIR HUH HUH
1' ;;;;
(QFORVXUH
5HTXHVWIRU/LFHQVH$PHQGPHQW )XQFWLRQDO$UUDQJHPHQW,7$$&2SWLPL]DWLRQ /$5
3DJHRI
(TXLSPHQW1DPH
7DJ1R
)XQFWLRQDO
,7$$&1XPEHU
,QGH[1XPEHU
/RJLFIRU)XQFWLRQDO,7$$&
&RYHUDJHRI)$
(OHFWULFDO2YHUVSHHG
7ULS'HYLFH
1$
SURWHFWLRQWULSV\\VWHPVWRWULSWKH
PDLQWXUELQHJHQHUDWRUDIWHU
RYHUVSHHGVLJQDOVDUHUHFHLYHG
QRDGGLWLRQDOLQIRUPDWLRQLV
YHULILHGE\\FRPSOHWLRQRIWKH
IXQFWLRQDODUUDQJHPHQW,7$$&
(PHUJHQF\\(OHFWULFDO
2YHUVSHHG7ULS'HYLFH
1$
7KH076IXQFWLRQDODUUDQJHPHQW,7$$&FRQWDLQVWKUHHFRPSRQHQWVIURPWKH*ODQG6HDO
6\\VWHP *66 QRWOLVWHGLQWKHDERYHWDEOHWKDWDUHRXWVLGHWKHVFRSHRI,7$$&7KH076DQG
- 66KDYHQRVDIHW\\UHODWHGRUGHIHQVHLQGHSWKIXQFWLRQV7KHDGGLWLRQDOFRPSRQHQWVQRW
WHVWHGLQ,7$$&DUHWHVWHGLQWKH,73DVGHVFULEHGLQ8)6$56XEVHFWLRQ ZKLFK
SURYLGHVYHULILFDWLRQWKDWWKHDVLQVWDOOHGV\\VWHPSURSHUO\\IXQFWLRQV7KHVHFRPSRQHQWVDUH
QRWUHTXLUHGIRUDQ\\IHDWXUHVRUIXQFWLRQVFUHGLWHGIRUPLWLJDWLRQRIGHVLJQEDVLVHYHQWVQRU
DUHWKHUHDQ\\076RU*66IHDWXUHVRUIXQFWLRQVWKDWKDYHEHHQLGHQWLILHGDVFDQGLGDWHVIRU
DGGLWLRQDOUHJXODWRU\\RYHUVLJKWSHU8)6$56HFWLRQ
,WLVDSSURSULDWHWRUHPRYHWKHIXQFWLRQDODUUDQJHPHQW,7$$&IRUWKH076EHFDXVHWKH
IXQFWLRQDOWHVWLQJ,7$$&UHIHUHQFHGDERYHZLOOGHPRQVWUDWHWKDWWKHHTXLSPHQWQHFHVVDU\\WR
SHUIRUPVRPHQRQVDIHW\\UHODWHGQRQGHIHQVHLQGHSWKIXQFWLRQVDUHDSSURSULDWHO\\
DUUDQJHGDQGWKHDGGLWLRQDO*66FRPSRQHQWVQRWWHVWHGE\\RWKHU,7$$&DUHWHVWHGLQWKH
,737KHUHIRUHWKHIXQFWLRQDODUUDQJHPHQW,7$$&LVSURSRVHGWREHUHPRYHG
&RQGHQVDWH6\\VWHP &'6
&2/$SSHQGL[& DQGSODQWVSHFLILF7LHU 7DEOHLQFOXGHV,7$$&1R ,7$$&
WKH&'6IXQFWLRQDODUUDQJHPHQW,7$$&
7DEOH
,QVSHFWLRQV7HVWV$QDO\\VHVDQG$FFHSWDQFH&ULWHULD
'HVLJQ&RPPLWPHQW
,QVSHFWLRQV7HVWV
$QDO\\VHV
$FFHSWDQFH&ULWHULD
7KHIXQFWLRQDODUUDQJHPHQW
RIWKH&'6LVDVGHVFULEHGLQ
WKH'HVLJQ'HVFULSWLRQRIWKLV
6HFWLRQ
,QVSHFWLRQRIWKHDVEXLOW
V\\VWHPZLOOEHSHUIRUPHG
7KHDVEXLOW&'6FRQIRUPV
ZLWKWKHIXQFWLRQDO
DUUDQJHPHQWDVGHVFULEHG
LQWKH'HVLJQ'HVFULSWLRQRI
WKLV6HFWLRQ
7KH'HVLJQ'HVFULSWLRQIRU&'6LQFOXGHVWKHIROORZLQJNH\\DWWULEXWHV
x
7KH&'6SURYLGHVIHHGZDWHUDWWKHUHTXLUHGWHPSHUDWXUHSUHVVXUHDQGIORZUDWHWR
WKHGHDHUDWRU&RQGHQVDWHLVSXPSHGIURPWKHPDLQFRQGHQVHUKRWZHOOE\\WKH
FRQGHQVDWHSXPSVDQGSDVVHVWKURXJKWKHORZSUHVVXUHIHHGZDWHUKHDWHUVWRWKH
GHDHUDWRU7KHFLUFXODWLQJZDWHUV\\VWHP &:6 UHPRYHVKHDWIURPWKHFRQGHQVHU
DQGLVVLWHVSHFLILFVWDUWLQJIURPWKHLQWHUIDFHDWWKHORFDWLRQVZKHUHWKH&:6SLSLQJ
HQWHUVDQGH[LWVWKHWXUELQHEXLOGLQJ
DRAFT 7KH 7KH 6$56X 6$5
UO\\IXQFWLRQV7 UO\\IXQF RUPLWLJDW UPLWLJDWLRQRIGHVL LRQR KDWKDYHEHHQL KDWKDYHEHHQLGHQWLILH GH LRQ
LRQ
UUDQJHPHQW,7$$&IR HPHQW,7 U W YHZLOOGHPRQVWUDWHWKD YHZLOOGHPRQVW
GHIHQVHLQGHSWKIXQF HIHQVHLQGHSWKIX FRPSRQHQWVQRWWHVWHG
QHQWVQRWWHVWHG
UDQJHPHQW,7$$&LVSU UDQJHPHQW,7$$&LVSU VWHP &'6
VWHP &'6 SODQWVSHFLILF7LHU 7D VSHFLILF7LHU 7D IXQFWLRQDODUUDQJHPHQ IXQFWLRQDODUUDQ QVSHFWLRQV7HVW QVSHFWLRQV7H DR PHQW PHQW D
1' ;;;;
(QFORVXUH
5HTXHVWIRU/LFHQVH$PHQGPHQW )XQFWLRQDO$UUDQJHPHQW,7$$&2SWLPL]DWLRQ /$5
3DJH RI
x
7KHFRPSRQHQWORFDWLRQVRIWKH&'6DUHVKRZQLQ7DEOH1RWHWKH&'6KDV
QRVLPSOLILHGILJXUH
7KH'&IRUWKLV,7$$&LVQRWGHPRQVWUDWHGWKURXJKWKH,7$DQG$&RIRWKHU,7$$&
+RZHYHULWLVVWLOODSSURSULDWHWRUHPRYHWKHIXQFWLRQDODUUDQJHPHQW,7$$&IRUWKH&'6
7KH&'6KDVQRVDIHW\\UHODWHGRUGHIHQVHLQGHSWKIXQFWLRQV7KH&'6FRPSRQHQWVDUHQRW
UHTXLUHGIRUDQ\\IHDWXUHVRUIXQFWLRQVFUHGLWHGIRUPLWLJDWLRQRIGHVLJQEDVLVHYHQWVQRUDUH
WKHUHDQ\\&'6IHDWXUHVRUIXQFWLRQVWKDWKDYHEHHQLGHQWLILHGDVFDQGLGDWHVIRUDGGLWLRQDO
UHJXODWRU\\RYHUVLJKWSHU8)6$56HFWLRQ7KH&'6FRPSRQHQWVDUHWHVWHGLQWKH,73
DVGHVFULEHGLQ8)6$56XEVHFWLRQ ZKLFKSURYLGHVYHULILFDWLRQWKDWWKHDV
LQVWDOOHGV\\VWHPSURSHUO\\IXQFWLRQV7KHUHIRUHWKHIXQFWLRQDODUUDQJHPHQW,7$$&LV
SURSRVHGWREHUHPRYHG
,Q&RUH,QVWUXPHQWDWLRQ6\\VWHP ,,6
&2/$SSHQGL[& DQGSODQWVSHFLILF7LHU 7DEOHLQFOXGHV,7$$&1R ,7$$&
WKH,,6IXQFWLRQDODUUDQJHPHQW,7$$&
7DEOH
,QVSHFWLRQV7HVWV$QDO\\VHVDQG$FFHSWDQFH&ULWHULD
'HVLJQ&RPPLWPHQW
,QVSHFWLRQV7HVWV
$QDO\\VHV
$FFHSWDQFH&ULWHULD
7KHIXQFWLRQDODUUDQJHPHQW
RIWKH,,6LVDVGHVFULEHGLQ
WKH'HVLJQ'HVFULSWLRQRIWKLV
6HFWLRQ
,QVSHFWLRQRIWKHDVEXLOW
V\\VWHPZLOOEHSHUIRUPHG
7KHDVEXLOW,,6FRQIRUPV
ZLWKWKHIXQFWLRQDO
DUUDQJHPHQWDVGHVFULEHG
LQWKH'HVLJQ'HVFULSWLRQRI
WKLV6HFWLRQ
7KH'HVLJQ'HVFULSWLRQIRU,,6LQFOXGHVWKHIROORZLQJNH\\DWWULEXWHV
x
7KH,,6SURYLGHVVDIHW\\UHODWHGFRUHH[LWWKHUPRFRXSOHVLJQDOVWRWKH306
x
7KH,,6SURYLGHVQRQVDIHW\\UHODWHGFRUHH[LWWKHUPRFRXSOHVLJQDOVWRWKHGLYHUVH
DFWXDWLRQV\\VWHP '$6
x
7KHFRUHH[LWWKHUPRFRXSOHVDUHKRXVHGLQWKHFRUHLQVWUXPHQWDVVHPEOLHV0XOWLSOH
FRUHLQVWUXPHQWDVVHPEOLHVDUHXVHGWRSURYLGHUDGLDOFRYHUDJHRIWKHFRUH$WOHDVW
WKUHHFRUHLQVWUXPHQWDVVHPEOLHVDUHSURYLGHGLQHDFKFRUHTXDGUDQW
x
1RWHWKH,,6KDVQRVLPSOLILHGILJXUHQRUWDEOHRIFRPSRQHQWORFDWLRQV
7KH'&IRUWKLV,7$$&LVODUJHO\\GHPRQVWUDWHGWKURXJKWKH,7$DQG$&RIRWKHU,7$$&6HH
EHORZIRUDOLVWRIWKHIXQFWLRQDO,7$$&DVVRFLDWHGZLWK,,6FRPSRQHQWVWKDWGHPRQVWUDWHWKH
GHVLJQ FRPPLWPHQW RI WKH,,6 IXQFWLRQDO DUUDQJHPHQW,7$$& ,QGH[ 1R ,7$$&
DRAFT
LQFOXG
LQFOXGHV,7$$&
HV,7
&
&
EOH
$QDO\\VHVDQG$FFHSWD QDO\\VHVDQG$F FT
,QVSHFWLRQV7HVWV
SHFWLRQV7HVWV
$QDO\\VHV
$QDO\\VHV AF HQW
HQW
LQ
LQ
QRIWKLV
KLV
,QVSHFWLRQRIWKHD
,QVSHFWLRQRIW V\\VWHPZLOOEHS VWHPZLOOEH
RA DR DR DR LSWLRQIRU,,6LQFOX LSWLRQIRU,,6LQ IHW\\UHO IHW\\UHO
1' ;;;;
(QFORVXUH
5HTXHVWIRU/LFHQVH$PHQGPHQW )XQFWLRQDO$UUDQJHPHQW,7$$&2SWLPL]DWLRQ /$5
3DJHRI
(TXLSPHQW1DPH
7DJ1R
)XQFWLRQDO
,7$$&1XPEHU
,QGH[1XPEHU
/RJLFIRU)XQFWLRQDO,7$$&
&RYHUDJHRI)$
,QFRUH)OX[(OHPHQWV
IRU$VVHPEO\\,,6-<
,,6-(1(%
WKURXJK1(%
,7$$&LQFOXGHVWHVWLQJRI
WKHUHWULHYDELOLW\\RIWKH
SDUDPHWHUVLQWKH0&57KH
GLVSOD\\VLGHQWLILHGLQ7DEOH
FDQEHUHWULHYHGLQWKH
0&5ZKLFKLQFOXGHVWKHVH
FRPSRQHQWV QRDGGLWLRQDO
LQIRUPDWLRQLVYHULILHGE\\
FRPSOHWLRQRIWKHIXQFWLRQDO
DUUDQJHPHQW,7$$&
,QFRUH)OX[(OHPHQWV
IRU$VVHPEO\\,,6-<
,,6-(1(%
WKURXJK1(%
,QFRUH)OX[(OHPHQWV
IRU$VVHPEO\\,,6-<
,,6-(1(&
WKURXJK1(&
,QFRUH)OX[(OHPHQWV
IRU$VVHPEO\\,,6-<
,,6-(1(&
WKURXJK1(&
,QFRUH)OX[(OHPHQWV
IRU$VVHPEO\\,,6-<
,,6-(1(&
WKURXJK1(&
,QFRUH)OX[(OHPHQWV
IRU$VVHPEO\\,,6-<
,,6-(1(&
WKURXJK1(&
,7$$&LQFOXGHVWHVWLQJRI
WKHUHWULHYDELOLW\\RIWKH
SDUDPHWHUVLQWKH0&57KH
GLVSOD\\VLGHQWLILHGLQ7DEOH
FDQEHUHWULHYHGLQWKH
0&5ZKLFKLQFOXGHVWKHVH
FRPSRQHQWV QRDGGLWLRQDO
LQIRUPDWLRQLVYHULILHGE\\
FRPSOHWLRQRIWKHIXQFWLRQDO
DUUDQJHPHQW,7$$&
,QFRUH)OX[(OHPHQWV
IRU$VVHPEO\\,,6-<
,,6-(1(&
WKURXJK1(&
,QFRUH)OX[(OHPHQWV
IRU$VVHPEO\\,,6-<
,,6-(1((
WKURXJK1((
,QFRUH)OX[(OHPHQWV
IRU$VVHPEO\\,,6-<
,,6-(1((
WKURXJK1((
,QFRUH)OX[(OHPHQWV
IRU$VVHPEO\\,,6-<
,,6-(1((
WKURXJK1((
,QFRUH)OX[(OHPHQWV
IRU$VVHPEO\\,,6-<
,,6-(1((
WKURXJK1((
,QFRUH)OX[(OHPHQWV
IRU$VVHPEO\\,,6-<
,,6-(1((
WKURXJK1((
,QFRUH)OX[(OHPHQWV
IRU$VVHPEO\\,,6-<
,,6-(1(*
WKURXJK1(*
,QFRUH)OX[(OHPHQWV
IRU$VVHPEO\\,,6-<
,,6-(1(*
WKURXJK1(*
,QFRUH)OX[(OHPHQWV
IRU$VVHPEO\\,,6-<
,,6-(1(*
WKURXJK1(*
,QFRUH)OX[(OHPHQWV
IRU$VVHPEO\\,,6-<
,,6-(1(*
WKURXJK1(*
,QFRUH)OX[(OHPHQWV
IRU$VVHPEO\\,,6-<
,,6-(1(*
WKURXJK1(*
,QFRUH)OX[(OHPHQWV
IRU$VVHPEO\\,,6-<
,,6-(1(*
WKURXJK1(*
,QFRUH)OX[(OHPHQWV
IRU$VVHPEO\\,,6-<
,,6-(1(*
WKURXJK1(*
,QFRUH)OX[(OHPHQWV
IRU$VVHPEO\\,,6-<
,,6-(1(-
WKURXJK1(-
,QFRUH)OX[(OHPHQWV
IRU$VVHPEO\\,,6-<
,,6-(1(-
WKURXJK1(-
,QFRUH)OX[(OHPHQWV
IRU$VVHPEO\\,,6-<
,,6-(1(-
WKURXJK1(-
DRAFT D
T
,7$$
WKHUHW SDUDPH SD GLVSOD GLVS
0 T
A T
(
A
(
1((
1((
A RA
1((
1((
RXJK1((
RXJK1((
RA RA 6-(1((
-(1((
WKURXJK1((
WKURXJK1(
<
<
,,6-(1(*
,,6-(1(*
WKURXJK1(*
JK1(*
DR D
WVWV
,,6-(1(*
1(
WKURXJK1 WKURXJK
D
,,6-(1
,,6-(1 URX URX D
1' ;;;;
(QFORVXUH
5HTXHVWIRU/LFHQVH$PHQGPHQW )XQFWLRQDO$UUDQJHPHQW,7$$&2SWLPL]DWLRQ /$5
3DJHRI
(TXLSPHQW1DPH
7DJ1R
)XQFWLRQDO
,7$$&1XPEHU
,QGH[1XPEHU
/RJLFIRU)XQFWLRQDO,7$$&
&RYHUDJHRI)$
,QFRUH)OX[(OHPHQWV
IRU$VVHPEO\\,,6-<
,,6-(1(-
WKURXJK1(-
,QFRUH)OX[(OHPHQWV
IRU$VVHPEO\\,,6-<
,,6-(1(-
WKURXJK1(-
,QFRUH)OX[(OHPHQWV
IRU$VVHPEO\\,,6-<
,,6-(1(-
WKURXJK1(-
,QFRUH)OX[(OHPHQWV
IRU$VVHPEO\\,,6-<
,,6-(1(-
WKURXJK1(-
,QFRUH)OX[(OHPHQWV
IRU$VVHPEO\\,,6-<
,,6-(1(/
WKURXJK1(/
,QFRUH)OX[(OHPHQWV
IRU$VVHPEO\\,,6-<
,,6-(1(/
WKURXJK1(/
,7$$&LQFOXGHVWHVWLQJRI
WKHUHWULHYDELOLW\\RIWKH
SDUDPHWHUVLQWKH0&57KH
GLVSOD\\VLGHQWLILHGLQ7DEOH
FDQEHUHWULHYHGLQWKH
0&5ZKLFKLQFOXGHVWKHVH
FRPSRQHQWV QRDGGLWLRQDO
LQIRUPDWLRQLVYHULILHGE\\
FRPSOHWLRQRIWKHIXQFWLRQDO
DUUDQJHPHQW,7$$&
,QFRUH)OX[(OHPHQWV
IRU$VVHPEO\\,,6-<
,,6-(1(/
WKURXJK1(/
,QFRUH)OX[(OHPHQWV
IRU$VVHPEO\\,,6-<
,,6-(1(/
WKURXJK1(/
,QFRUH)OX[(OHPHQWV
IRU$VVHPEO\\,,6-<
,,6-(1(/
WKURXJK1(/
,QFRUH)OX[(OHPHQWV
IRU$VVHPEO\\,,6-<
,,6-(1(1
WKURXJK1(1
,QFRUH)OX[(OHPHQWV
IRU$VVHPEO\\,,6-<
,,6-(1(1
WKURXJK1(1
,QFRUH)OX[(OHPHQWV
IRU$VVHPEO\\,,6-<
,,6-(1(1
WKURXJK1(1
,QFRUH)OX[(OHPHQWV
IRU$VVHPEO\\,,6-<
,,6-(1(1
WKURXJK1(1
,QFRUH)OX[(OHPHQWV
IRU$VVHPEO\\,,6-<
,,6-(1(1
WKURXJK1(1
,QFRUH)OX[(OHPHQWV
IRU$VVHPEO\\,,6-<
,,6-(1(3
WKURXJK1(3
,QFRUH)OX[(OHPHQWV
IRU$VVHPEO\\,,6-<
,,6-(1(3
WKURXJK1(3
&RUH([LW
7KHUPRFRXSOH &(7
%IRU$VVHPEO\\,,6
-<
,,6-(7(
&(7% IRU$VVHPEO\\
,,6-<
,,6-(7(
&(7&IRU$VVHPEO\\
,,6-<
,,6-(7(
&(7&IRU$VVHPEO\\
,,6-<
,,6-(7(
&(7&IRU$VVHPEO\\
,,6-<
,,6-(7(
DRAFTT
,7$$
WKHUHW SDUDPH SD GLVSOD GLVS
0 T
A T
/
A 1
1(1
1(1 A
1(1
1(1
RXJK1(1
RXJK1(1
RA RA 6-(1(1
-(1(1
WKURXJK1(1
WKURXJK1(
<
<
,,6-(1(1
,,6-(1(1
WKURXJK1(1
JK1(1 DR D
WVWV
,,6-(1(1 1(
WKURXJK1 WKURXJK
D
,,6-(1
,,6-(1 URX URX D
1' ;;;;
(QFORVXUH
5HTXHVWIRU/LFHQVH$PHQGPHQW )XQFWLRQDO$UUDQJHPHQW,7$$&2SWLPL]DWLRQ /$5
3DJHRI
(TXLSPHQW1DPH
7DJ1R
)XQFWLRQDO
,7$$&1XPEHU
,QGH[1XPEHU
/RJLFIRU)XQFWLRQDO,7$$&
&RYHUDJHRI)$
&(7&IRU$VVHPEO\\
,,6-<
,,6-(7(
&(7&IRU$VVHPEO\\
,,6-<
,,6-(7(
&(7(IRU$VVHPEO\\
,,6-<
,,6-(7(
&(7(IRU$VVHPEO\\
,,6-<
,,6-(7(
&(7(IRU$VVHPEO\\
,,6-<
,,6-(7(
&(7(IRU$VVHPEO\\
,,6-<
,,6-(7(
,7$$&LQFOXGHVWHVWLQJRI
WKHUHWULHYDELOLW\\RIWKH
SDUDPHWHUVLQWKH0&57KH
GLVSOD\\VLGHQWLILHGLQ7DEOH
FDQEHUHWULHYHGLQWKH
0&5ZKLFKLQFOXGHVWKHVH
FRPSRQHQWV QRDGGLWLRQDO
LQIRUPDWLRQLVYHULILHGE\\
FRPSOHWLRQRIWKHIXQFWLRQDO
DUUDQJHPHQW,7$$&
&(7(IRU$VVHPEO\\
,,6-<
,,6-(7(
&(7*IRU$VVHPEO\\
,,6-<
,,6-(7(
&(7*IRU$VVHPEO\\
,,6-<
,,6-(7(
&(7*IRU$VVHPEO\\
,,6-<
,,6-(7(
&(7*IRU$VVHPEO\\
,,6-<
,,6-(7(
&(7*IRU$VVHPEO\\
,,6-<
,,6-(7(
&(7*IRU$VVHPEO\\
,,6-<
,,6-(7(
&(7*IRU$VVHPEO\\
,,6-<
,,6-(7(
&(7-IRU$VVHPEO\\
,,6-<
,,6-(7(
&(7-IRU$VVHPEO\\
,,6-<
,,6-(7(
&(7-IRU$VVHPEO\\
,,6-<
,,6-(7(
&(7-IRU$VVHPEO\\
,,6-<
,,6-(7(
&(7-IRU$VVHPEO\\
,,6-<
,,6-(7(
&(7-IRU$VVHPEO\\
,,6-<
,,6-(7(
&(7-IRU$VVHPEO\\
,,6-<
,,6-(7(
&(7/IRU$VVHPEO\\
,,6-<
,,6-(7(
DRAFTT
,7$$
WKHUHW SDUDPH SD GLVSOD GLVS
0 T
A T A
(
A RA
-(7(
-(7(
RA RA
,,6-(7(
,,6-(7(
O\\
,,6-(7(
,,6-(7(
DR D
PEO\\
PEO\\
,,6-(7(
,,6-(7(
D 6-(
6-(
D
1' ;;;;
(QFORVXUH
5HTXHVWIRU/LFHQVH$PHQGPHQW )XQFWLRQDO$UUDQJHPHQW,7$$&2SWLPL]DWLRQ /$5
3DJHRI
(TXLSPHQW1DPH
7DJ1R
)XQFWLRQDO
,7$$&1XPEHU
,QGH[1XPEHU
/RJLFIRU)XQFWLRQDO,7$$&
&RYHUDJHRI)$
&(7/IRU$VVHPEO\\
,,6-<
,,6-(7(
&(7/IRU$VVHPEO\\
,,6-<
,,6-(7(
&(7/IRU$VVHPEO\\
,,6-<
,,6-(7(
&(7/IRU$VVHPEO\\
,,6-<
,,6-(7(
&(71IRU$VVHPEO\\
,,6-<
,,6-(7(
&(71IRU$VVHPEO\\
,,6-<
,,6-(7(
,7$$&LQFOXGHVWHVWLQJRI
WKHUHWULHYDELOLW\\RIWKH
SDUDPHWHUVLQWKH0&57KH
GLVSOD\\VLGHQWLILHGLQ7DEOH
FDQEHUHWULHYHGLQWKH
0&5ZKLFKLQFOXGHVWKHVH
FRPSRQHQWV QRDGGLWLRQDO
LQIRUPDWLRQLVYHULILHGE\\
FRPSOHWLRQRIWKHIXQFWLRQDO
DUUDQJHPHQW,7$$&
&(71IRU$VVHPEO\\
,,6-<
,,6-(7(
&(71IRU$VVHPEO\\
,,6-<
,,6-(7(
&(71IRU$VVHPEO\\
,,6-<
,,6-(7(
&(73IRU$VVHPEO\\
,,6-<
,,6-(7(
&(73 IRU$VVHPEO\\
,,6-<
,,6-(7(
7KH,,6FRQWDLQVDQXPEHURIFRPSRQHQWVQRWOLVWHGLQWKHDERYHWDEOHWKDWDUHRXWVLGHWKH
VFRSHRI,7$$& WKHIRXUDVVHPEOLHVDQGFRUHH[LWWKHUPRFRXSOHVWKDWSURYLGHQRQVDIHW\\
UHODWHGLQIRUPDWLRQWR'$67KH,,6VDIHW\\UHODWHGIXQFWLRQVDUHSHUIRUPHGE\\FRPSRQHQWV
WKDWDUHVKRZQWREHFRYHUHGE\\RWKHU,7$$&LQWKHDERYHWDEOH7KH,,6KDVQRGHIHQVHLQ
GHSWKIXQFWLRQV7KHDGGLWLRQDOFRPSRQHQWVQRWWHVWHGLQ,7$$&DUHWHVWHGLQWKH,73DV
GHVFULEHGLQ8)6$56XEVHFWLRQ ZKLFKSURYLGHVYHULILFDWLRQWKDWWKHDVLQVWDOOHG
V\\VWHPSURSHUO\\IXQFWLRQV7KHVHFRPSRQHQWVDUHQRWUHTXLUHGIRUDQ\\IHDWXUHVRUIXQFWLRQV
FUHGLWHGIRUPLWLJDWLRQRIGHVLJQEDVLVHYHQWVQRUDUHWKHUHDQ\\,,6IHDWXUHVRUIXQFWLRQVWKDW
KDYHEHHQLGHQWLILHGDVFDQGLGDWHVIRUDGGLWLRQDOUHJXODWRU\\RYHUVLJKWSHU8)6$56HFWLRQ
,WLVDSSURSULDWHWRUHPRYHWKHIXQFWLRQDODUUDQJHPHQW,7$$&IRUWKH,,6EHFDXVHWKH
IXQFWLRQDOWHVWLQJ,7$$&UHIHUHQFHGDERYHZLOOGHPRQVWUDWHWKDWWKHHTXLSPHQWQHFHVVDU\\WR
SHUIRUPWKHVDIHW\\UHODWHGIXQFWLRQVDUHDSSURSULDWHO\\DUUDQJHGDQGWKHDGGLWLRQDO,,6
FRPSRQHQWVQRWWHVWHGE\\RWKHU,7$$&DUHWHVWHGLQWKH,737KHUHIRUHWKHIXQFWLRQDO
DUUDQJHPHQW,7$$&LVSURSRVHGWREHUHPRYHG
6SHFLDO0RQLWRULQJ6\\VWHP 606
&2/$SSHQGL[& DQGSODQWVSHFLILF7LHU 7DEOHLQFOXGHV,7$$&1R ,7$$&
WKH606IXQFWLRQDODUUDQJHPHQW,7$$&
DRAFTT
,7$$
WKHUHW SDUDPH SD GLVSOD GLVS
0 T
A T A
(
A RA
7(
7(
RA RA RA RA PEHURIFRPSRQHQWVQ PEHURIFRPSRQHQWVQ KHIRXUDVVHPEOLHVDQG KHIRXUDVVHPEOLHV RQWR'$67KH,,6VD RQWR'$67KH,,6V REHFRYHUHGE\\RWKH REHFRYHUHGE\\
KHDGGLWLRQDOFR KHDGGLWLRQDO
6XEVHFWLRQ 6XEVHFWLR V7 V7
1' ;;;;
(QFORVXUH
5HTXHVWIRU/LFHQVH$PHQGPHQW )XQFWLRQDO$UUDQJHPHQW,7$$&2SWLPL]DWLRQ /$5
3DJHRI
7DEOH
,QVSHFWLRQV7HVWV$QDO\\VHVDQG$FFHSWDQFH&ULWHULD
'HVLJQ&RPPLWPHQW
,QVSHFWLRQV7HVWV
$QDO\\VHV
$FFHSWDQFH&ULWHULD
7KHIXQFWLRQDODUUDQJHPHQW
RIWKH606LVDVGHVFULEHGLQ
WKH'HVLJQ'HVFULSWLRQRIWKLV
6HFWLRQ
,QVSHFWLRQRIWKHDVEXLOW
V\\VWHPZLOOEHSHUIRUPHG
7KHDVEXLOW606FRQIRUPV
ZLWKWKHIXQFWLRQDO
DUUDQJHPHQWDVGHVFULEHG
LQWKH'HVLJQ'HVFULSWLRQRI
WKLV6HFWLRQ
7KH'HVLJQ'HVFULSWLRQIRU606LQFOXGHVWKHIROORZLQJNH\\DWWULEXWHV
x
7KH606PRQLWRUVWKHUHDFWRUFRRODQWV\\VWHP 5&6 IRUWKHRFFXUUHQFHRILPSDFWV
FKDUDFWHULVWLFRIPHWDOOLFORRVHSDUWV0HWDOLPSDFWPRQLWRULQJVHQVRUVDUHSURYLGHGWR
PRQLWRUWKH5&6DWWKHXSSHUDQGORZHUKHDGUHJLRQRIWKHUHDFWRUSUHVVXUHYHVVHODQG
DWWKHUHDFWRUFRRODQWLQOHWUHJLRQRIHDFKVWHDPJHQHUDWRU
x
1RWHWKH606KDVQRVLPSOLILHGILJXUHQRUWDEOHRIFRPSRQHQWORFDWLRQV
7KH'&IRUWKLV,7$$&LVGHPRQVWUDWHGWKURXJKWKH,7$DQG$&RIRWKHU,7$$&6HHEHORZ
IRU D OLVW RI WKH IXQFWLRQDO,7$$& DVVRFLDWHG ZLWK 606 FRPSRQHQWV WKDW GHPRQVWUDWH WKH
GHVLJQ FRPPLWPHQW RI WKH 606 IXQFWLRQDO DUUDQJHPHQW,7$$& ,QGH[ 1R ,7$$&
(TXLSPHQW1DPH
7DJ1R
)XQFWLRQDO
,7$$&1XPEHU
,QGH[1XPEHU
/RJLFIRU)XQFWLRQDO
,7$$&&RYHUDJHRI)$
0HWDO,PSDFW0RQLWRULQJ
&DELQHW
606-'00
,7$$&UHWULHYHV
GDWDIURPWKHPHWDO
LPSDFWPRQLWRULQJ
VHQVRUVLQWKH0&5
ZKLFKUHTXLUHVWKHVH
FRPSRQHQWV QR
DGGLWLRQDOLQIRUPDWLRQLV
YHULILHGE\\FRPSOHWLRQRI
WKHIXQFWLRQDO
DUUDQJHPHQW,7$$&
5HDFWRU8SSHU+HDG
$FFHOHURPHWHUV
606-(<(
WKURXJK<(
5HDFWRU/RZHU+HDG
$FFHOHURPHWHUV
606-(<(
WKURXJK<(
5&3$FFHOHURPHWHUV
606-(<(
WKURXJK<(
6*$FFHOHURPHWHUV
606-(<(
WKURXJK<(
5HDFWRU8SSHU+HDG9LEUDWLRQ
6HQVRU3UHDPSV
606-'0,3
WKURXJK0,3
5HDFWRU/RZHU+HDG9LEUDWLRQ
6HQVRU3UHDPSV
606-'0,3
WKURXJK0,3
5&39LEUDWLRQ6HQVRU3UHDPSV
606-'0,3
WKURXJK0,3
,7$$&UHWULHYHV
GDWDIURPWKHPHWDO
LPSDFWPRQLWRULQJ
VHQVRUVLQWKH0&5
ZKLFKUHTXLUHVWKHVH
FRPSRQHQWV QR
6*9LEUDWLRQ6HQVRU3UHDPSV
606-'0,3
WKURXJK0,3
DRAFT WKH
WKH
QLWRULQJVH QLWRULQ QRIWKHUHDFWR QRIWKH
JHQHUDWRU
JHQHUDWRU
DEOHRIFRPSRQHQW
DEOHRIFRPSRQHQWORFD ORF URXJKWKH,7$DQG$&
WKH,7$
RFLDWHG ZLWK 606 FRP FLDWHG ZLWK 606 XQFWLRQDO DUUDQJHPHQW
LRQDO DUUDQJHPHQ 7DJ1R
7DJ1R
RA DR QJ
QJ
606-
606-
DR DR G
606 6
WK W
D
1' ;;;;
(QFORVXUH
5HTXHVWIRU/LFHQVH$PHQGPHQW )XQFWLRQDO$UUDQJHPHQW,7$$&2SWLPL]DWLRQ /$5
3DJHRI
(TXLSPHQW1DPH
7DJ1R
)XQFWLRQDO
,7$$&1XPEHU
,QGH[1XPEHU
/RJLFIRU)XQFWLRQDO
,7$$&&RYHUDJHRI)$
DGGLWLRQDOLQIRUPDWLRQLV
YHULILHGE\\FRPSOHWLRQRI
WKHIXQFWLRQDO
DUUDQJHPHQW,7$$&
$V WKH IXQFWLRQDO DUUDQJHPHQW RI WKH 606 LV YHULILHG E\\ RWKHU,7$$& WKH IXQFWLRQDO
DUUDQJHPHQW,7$$&LWVHOIGRHVQRWSURYLGHDQ\\DGGLWLRQDOLQIRUPDWLRQDQGLVSURSRVHGWREH
UHPRYHG
6HLVPLF0RQLWRULQJ6\\VWHP 6-6
&2/$SSHQGL[& DQGSODQWVSHFLILF7LHU 7DEOH LQFOXGHV,7$$&1R ,7$$&
WKH6-6IXQFWLRQDODUUDQJHPHQW,7$$&
7DEOH
,QVSHFWLRQV7HVWV$QDO\\VHVDQG$FFHSWDQFH&ULWHULD
'HVLJQ&RPPLWPHQW
,QVSHFWLRQV7HVWV
$QDO\\VHV
$FFHSWDQFH&ULWHULD
7KHIXQFWLRQDODUUDQJHPHQW
RIWKH6-6LVDVGHVFULEHGLQ
WKH'HVLJQ'HVFULSWLRQRIWKLV
6HFWLRQ
,QVSHFWLRQRIWKHDVEXLOW
V\\VWHPZLOOEHSHUIRUPHG
7KHDVEXLOW6-6FRQIRUPV
ZLWKWKHIXQFWLRQDO
DUUDQJHPHQWDVGHVFULEHG
LQWKH'HVLJQ'HVFULSWLRQRI
WKLV6HFWLRQ
7KH'HVLJQ'HVFULSWLRQIRU6-6LQFOXGHVWKHIROORZLQJNH\\DWWULEXWHV
x
7KH6-6SURYLGHVIRUWKHFROOHFWLRQRIVHLVPLFGDWDLQGLJLWDOIRUPDWDQDO\\VLVRIVHLVPLF
GDWDQRWLILFDWLRQRIWKHRSHUDWRULIWKHJURXQGPRWLRQH[FHHGVDWKUHVKROGYDOXHDQG
QRWLILFDWLRQRIWKHRSHUDWRU DIWHUDQDO\\VLVRIGDWD WKDWDSUHGHWHUPLQHGFXPXODWLYH
DEVROXWHYHORFLW\\ &$9 KDVEHHQH[FHHGHG
x
7KH6-6KDVDWOHDVWIRXUWULD[LDODFFHOHUDWLRQVHQVRUXQLWVDQGDWLPHKLVWRU\\DQDO\\]HU
DQGUHFRUGLQJV\\VWHP7KHWLPHKLVWRU\\DQDO\\]HUDQGUHFRUGLQJV\\VWHPDUHORFDWHGLQ
WKHDX[LOLDU\\EXLOGLQJ
x
1RWHWKH6-6KDVQRVLPSOLILHGILJXUHQRUWDEOHRIFRPSRQHQWORFDWLRQV
7KH'&IRUWKLV,7$$&LVQRWGHPRQVWUDWHGWKURXJKWKH,7$DQG$&RIRWKHU,7$$&
+RZHYHULWLVVWLOODSSURSULDWHWRUHPRYHWKHIXQFWLRQDODUUDQJHPHQW,7$$&IRUWKH6-67KH
6-6KDVQRVDIHW\\UHODWHGRUGHIHQVHLQGHSWKIXQFWLRQV7KH6-6FRPSRQHQWVDUHQRW
UHTXLUHGIRUDQ\\IHDWXUHVRUIXQFWLRQVFUHGLWHGIRUPLWLJDWLRQRIGHVLJQEDVLVHYHQWVQRUDUH
WKHUHDQ\\6-6IHDWXUHVRUIXQFWLRQVWKDWKDYHEHHQLGHQWLILHGDVFDQGLGDWHVIRUDGGLWLRQDO
UHJXODWRU\\RYHUVLJKWSHU8)6$56HFWLRQ7KH6-6FRPSRQHQWVDUHWHVWHGLQWKH,73
DRAFT
LQFOXG
LQFOXGHV,7$
\\VHVDQG$FFHSWDQFH VDQG$F FT VSHFWLRQV7HVWV
VSHFWLRQV7HVWV
$QDO\\VHV
$QDO\\VHV AFF KLV
KLV
,QVSHFWLRQRIWKHDVEX QVSHFWLRQRIWKHDVEX V\\VWHPZLOOEHSHUIRU V\\VWHPZLOOEH A
DR DR DR FULSWLRQIRU6-6LQFOXGH FULSWLRQIRU6-6LQFOXGH RYLGHVIRUWKHFR RYLGHVIRUWKHF RQRIWKHR RQRIWKHR HRSH HRSH
1' ;;;;
(QFORVXUH
5HTXHVWIRU/LFHQVH$PHQGPHQW )XQFWLRQDO$UUDQJHPHQW,7$$&2SWLPL]DWLRQ /$5
3DJHRI
DVGHVFULEHGLQ8)6$56XEVHFWLRQ ZKLFKSURYLGHVYHULILFDWLRQWKDWWKHDV
LQVWDOOHGV\\VWHPSURSHUO\\IXQFWLRQV7KHUHIRUHWKHIXQFWLRQDODUUDQJHPHQW,7$$&LV
SURSRVHGWREHUHPRYHG
0DLQDF3RZHU6\\VWHP (&6
&2/$SSHQGL[& DQGSODQWVSHFLILF7LHU 7DEOHLQFOXGHV,7$$&1R ,7$$&
WKH(&6IXQFWLRQDODUUDQJHPHQW,7$$&
7DEOH
,QVSHFWLRQV7HVWV$QDO\\VHVDQG$FFHSWDQFH&ULWHULD
'HVLJQ&RPPLWPHQW
,QVSHFWLRQV7HVWV
$QDO\\VHV
$FFHSWDQFH&ULWHULD
7KHIXQFWLRQDODUUDQJHPHQW
RIWKH(&6LVDVGHVFULEHGLQ
WKH'HVLJQ'HVFULSWLRQRIWKLV
6HFWLRQ
,QVSHFWLRQRIWKHDVEXLOW
V\\VWHPZLOOEHSHUIRUPHG
7KHDVEXLOW(&6FRQIRUPV
ZLWKWKHIXQFWLRQDO
DUUDQJHPHQWDVGHVFULEHG
LQWKH'HVLJQ'HVFULSWLRQRI
WKLV6HFWLRQ
7KH'HVLJQ'HVFULSWLRQIRU(&6LQFOXGHVWKHIROORZLQJNH\\DWWULEXWHV
x
7KH(&6SURYLGHVHOHFWULFDODFSRZHUWRQRQVDIHW\\UHODWHGORDGVDQGQRQ&ODVV(SRZHU
WRWKH&ODVV(EDWWHU\\FKDUJHUVDQGUHJXODWLQJWUDQVIRUPHUVGXULQJQRUPDODQGRIIQRUPDO
FRQGLWLRQV
x
7KH(&6LVDVVKRZQLQ)LJXUHDQGWKHFRPSRQHQWORFDWLRQVRIWKH(&6DUHDV
VKRZQLQ7DEOH
7KH'&IRUWKLV,7$$&LVODUJHO\\GHPRQVWUDWHGWKURXJKWKH,7$DQG$&RIRWKHU,7$$&6HH
EHORZIRUDOLVWRIWKHIXQFWLRQDO,7$$&DVVRFLDWHGZLWK(&6FRPSRQHQWVLQ)LJXUH
DQG 7DEOH WKDW GHPRQVWUDWH WKH GHVLJQ FRPPLWPHQW RI WKH (&6 IXQFWLRQDO
DUUDQJHPHQW,7$$& ,QGH[1R,7$$&
(TXLSPHQW1DPH
7DJ1R
)XQFWLRQDO,7$$&
1XPEHU
,QGH[1XPEHU
/RJLFIRU)XQFWLRQDO
,7$$&&RYHUDJHRI)$
9<9
7UDQVIRUPHUIRU/RDG
&HQWHU
(&6(7
F
,7$$&WHVWVWKHDELOLW\\RI
WKH306WRWULSWKH
SUHVVXUL]HUKHDWHUJURXSV
ZKLFKUHTXLUHVDZLULQJSDWK
WKDWLQYROYHVWKHVH
FRPSRQHQWV QRDGGLWLRQDO
3UHVVXUL]HU+HDWHUV
%DFNXS*URXS$0&&
(&6(&
T XLOW
XLOW
RUPHG
RUPH 7KHD ZLWKWKH
Z DUUDQJH DUUDQ LQWKH WKH WKL T
AFFT F
GHVWKHIROORZLQJNH\\DW VWKHIROORZLQJNH\\
DFSRZHUWRQRQVDIHW\\UH FSRZHUWRQRQVDIHW\\UH UJHUVDQGUHJXODWLQJWUD UJHUVDQGUHJXODW RZQLQ)LJXUHD
)LJXUHD
7$$&LVODUJHO\\GHP 7$$&LVODUJHO\\GHP WKHIXQFWLRQDO,7 WKHIXQFWLRQDO
WKDW GHPR WKDW GHP H[1 H[1
1' ;;;;
(QFORVXUH
5HTXHVWIRU/LFHQVH$PHQGPHQW )XQFWLRQDO$UUDQJHPHQW,7$$&2SWLPL]DWLRQ /$5
3DJHRI
(TXLSPHQW1DPH
7DJ1R
)XQFWLRQDO,7$$&
1XPEHU
,QGH[1XPEHU
/RJLFIRU)XQFWLRQDO
,7$$&&RYHUDJHRI)$
9<9
7UDQVIRUPHUIRU/RDG
&HQWHU
(&6(7
LQIRUPDWLRQLVYHULILHGE\\
FRPSOHWLRQRIWKHIXQFWLRQDO
DUUDQJHPHQW,7$$&
$QQH[%OGJ9$&
/RDG&HQWHU
(&6(.
3UHVVXUL]HU+HDWHUV
&RQWURO*URXS0&&
(&6(&
3UHVVXUL]HU+HDWHUV
%DFNXS*URXS&0&&
(&6(&
3UHVVXUL]HU+HDWHUV
%DFNXS*URXS%0&&
(&6(&
$QQH[%OGJ9$&
/RDG&HQWHU
(&6(.
3UHVVXUL]HU+HDWHUV
%DFNXS*URXS'0&&
(&6(&
%XV'XFW*&%WR0DLQ
6WHSXS7UDQVIRUPHU
068
=$6(%%
D
,7$$&WHVWVWKHDELOLW\\WR
WULSWKH5&3VIURPWKH0&5
ZKLFKUHTXLUHVDZLULQJSDWK
WKDWLQYROYHVWKHVH
FRPSRQHQWV QRDGGLWLRQDO
LQIRUPDWLRQLVYHULILHGE\\
FRPSOHWLRQRIWKHIXQFWLRQDO
DUUDQJHPHQW,7$$&
%XV'XFW*&%WR068
7UDQVIRUPHU$
=$6(%%$
%XV'XFW*&%WR068
7UDQVIRUPHU%
=$6(%%%
%XV'XFW*&%WR068
7UDQVIRUPHU&
=$6(%%&
0DLQ6WHSXS
7UDQVIRUPHU$3KDVH
=$6(7$
0DLQ6WHSXS
7UDQVIRUPHU%3KDVH
=$6(7%
0DLQ6WHSXS
7UDQVIRUPHU&3KDVH
=$6(7&
%XV'XFW8QLW$X[LOLDU\\
7UDQVIRUPHUV
=$6(%%
%XV'XFW8QLW$X[LOLDU\\
7UDQVIRUPHU$
=$6(%%$
%XV'XFW8QLW$X[LOLDU\\
7UDQVIRUPHU%
=$6(%%%
8QLW$X[LOLDU\\
7UDQVIRUPHU$
=$6(7$
D
,7$$&WHVWVWKHDELOLW\\WR
WULSWKH5&3VIURPWKH0&5
ZKLFKUHTXLUHVDZLULQJSDWK
WKDWLQYROYHVWKHVH
8QLW$X[LOLDU\\
7UDQVIRUPHU%
=$6(7%
DR 68
68
DRAFTT A
AF A
6(%%$
6(%%$
RAA
=$6(%%%
6(%%%
RA D
=$6(%%&
$6(%%
DR D
=$6(7
(7 D
=$6
=$6 D
1' ;;;;
(QFORVXUH
5HTXHVWIRU/LFHQVH$PHQGPHQW )XQFWLRQDO$UUDQJHPHQW,7$$&2SWLPL]DWLRQ /$5
3DJHRI
(TXLSPHQW1DPH
7DJ1R
)XQFWLRQDO,7$$&
1XPEHU
,QGH[1XPEHU
/RJLFIRU)XQFWLRQDO
,7$$&&RYHUDJHRI)$
%XV'XFW(&6(6
0DLQ)HHG
=$6(%%$;
FRPSRQHQWV QRDGGLWLRQDO
LQIRUPDWLRQLVYHULILHGE\\
FRPSOHWLRQRIWKHIXQFWLRQDO
DUUDQJHPHQW,7$$&
%XV'XFW(&6(6
0DLQ)HHG
=$6(%%$<
%XV'XFW(&6(6
0DLQ)HHG
=$6(%%%;
%XV'XFW(&6(6
0DLQ)HHG
=$6(%%%<
96ZLWFKJHDU%XV (&6(6
5&3$&LUFXLW%UHDNHU
(&6(6
5&3$9)'
(&6(9
5&3$&LUFXLW%UHDNHU
(&6(6
5&3$9)'6ZLWFKJHDU
(&6(6
96ZLWFKJHDU%XV (&6(6
5&3%&LUFXLW%UHDNHU
(&6(6
5&3%9)'
(&6(9
5&3%&LUFXLW%UHDNHU
(&6(6
5&3%9)'6ZLWFKJHDU
(&6(6
96ZLWFKJHDU%XV (&6(6
5&3$&LUFXLW%UHDNHU
(&6(6
5&3$9)'
(&6(9
5&3$&LUFXLW%UHDNHU
(&6(6
5&3$9)'6ZLWFKJHDU
(&6(6
96ZLWFKJHDU%XV (&6(6
5&3%&LUFXLW%UHDNHU
(&6(6
5&3%9)'
(&6(9
5&3%&LUFXLW%UHDNHU
(&6(6
5&3%9)'6ZLWFKJHDU
(&6(6
&WPW9$&0&&
(&6(&
,7$$&SDUWDLL
VWURNHWHVWV$FFXPXODWRU$
'LVFKDUJH,VRODWLRQ9DOYH
3;63/9$IURPWKH
0&5ZKLFKUHTXLUHVD
ZLULQJSDWKWKDWLQYROYHV
WKHVHFRPSRQHQWV QR
DGGLWLRQDOLQIRUPDWLRQLV
YHULILHGE\\FRPSOHWLRQRIWKH
IXQFWLRQDODUUDQJHPHQW
,7$$&
&WPW9$&0&&
(&6(&
5HVHUYH$X[LOLDU\\
7UDQVIRUPHU$
=$6(7$
DLL
,7$$&WHVWVWKH):6
3XPS$):603$E\\
ERWKVWDUWLQJDQGWULSSLQJWKH
SXPSIURPWKH0&5ZKLFK
5HVHUYH$X[LOLDU\\
7UDQVIRUPHU%
=$6(7%
D
(&6(
(&6(
DRAFTT A
6
RAA (9
(9
RAA
&6(6
&6(6
RAA
(&6(6
&6(6
RAA
(&6(6
(&6(6
DR D
HU
(&6(6
(&6(6
U DR D
(&6(9
&6(9
DR D
DNH DNHU
(&6(6
(6 U
DR D
HD HDU
(&6(6
(&6(6 U
D
(&
(&
D
1' ;;;;
(QFORVXUH
5HTXHVWIRU/LFHQVH$PHQGPHQW )XQFWLRQDO$UUDQJHPHQW,7$$&2SWLPL]DWLRQ /$5
3DJH RI
(TXLSPHQW1DPH
7DJ1R
)XQFWLRQDO,7$$&
1XPEHU
,QGH[1XPEHU
/RJLFIRU)XQFWLRQDO
,7$$&&RYHUDJHRI)$
%XV'XFW(&6(6
5HVHUYH)HHG
=$6(%%$;
UHTXLUHVDZLULQJSDWKWKDW
LQYROYHVWKHVHFRPSRQHQWV
QRDGGLWLRQDOLQIRUPDWLRQLV
YHULILHGE\\FRPSOHWLRQRIWKH
IXQFWLRQDODUUDQJHPHQW
,7$$&
%XV'XFW(&6(6
5HVHUYH)HHG
=$6(%%$;
%XV'XFW(&6(6
5HVHUYH)HHG
=$6(%%$<
%XV'XFW(&6(6
5HVHUYH)HHG
=$6(%%%;
%XV'XFW(&6(6
5HVHUYH)HHG
=$6(%%%<
96ZLWFKJHDU%XV (&6(6
96ZLWFKJHDU%XV (&6(6
%XV'XFW(&6(6
0DLQ)HHG
=$6(%%$;
LL
,7$$&SDUWWHVWVWKH
&&63XPS$&&603$
IURPWKH0&5ZKLFK
UHTXLUHVDZLULQJSDWKWKDW
LQYROYHVWKHVHFRPSRQHQWV
QRDGGLWLRQDOLQIRUPDWLRQLV
YHULILHGE\\FRPSOHWLRQRIWKH
IXQFWLRQDODUUDQJHPHQW
,7$$&
%XV'XFW(&6(6
0DLQ)HHG
=$6(%%%;
$QQH[%OGJ9$&
/RDG&HQWHU
(&6(.
,7$$& SDUWWHVWVWKH
):63XPS,VRODWLRQ9DOYH
):63/9$IURPWKH
0&5ZKLFKUHTXLUHVD
ZLULQJSDWKWKDWLQYROYHV
WKHVHFRPSRQHQWV QR
DGGLWLRQDOLQIRUPDWLRQLV
YHULILHGE\\FRPSOHWLRQRIWKH
IXQFWLRQDODUUDQJHPHQW
,7$$&
7%9$&0&&
(&6(&
9<9
7UDQVIRUPHUIRU/RDG
&HQWHU
(&6(7
$QQH[%OGJ9$&
/RDG&HQWHU
(&6(.
7%9$&0&&
(&6(&
0DLQ7XUELQH*HQHUDWRU
=$60*
D
,7$$& SDUWDWULSV
WKHPDLQWXUELQHJHQHUDWRU
QRDGGLWLRQDOLQIRUPDWLRQLV
YHULILHGE\\FRPSOHWLRQRIWKH
IXQFWLRQDODUUDQJHPHQW
,7$$&
DRAFTT
LL
LL
,7$
T D A T
(&6
(&6
D
1' ;;;;
(QFORVXUH
5HTXHVWIRU/LFHQVH$PHQGPHQW )XQFWLRQDO$UUDQJHPHQW,7$$&2SWLPL]DWLRQ /$5
3DJHRI
(TXLSPHQW1DPH
7DJ1R
)XQFWLRQDO,7$$&
1XPEHU
,QGH[1XPEHU
/RJLFIRU)XQFWLRQDO
,7$$&&RYHUDJHRI)$
$QFLOODU\\'LHVHO
- HQHUDWRU
(&60*
G
,7$$&SHUIRUPVORDG
WHVWLQJRIWKHDQFLOODU\\GLHVHO
JHQHUDWRUV QRDGGLWLRQDO
LQIRUPDWLRQLVYHULILHGE\\
FRPSOHWLRQRIWKHIXQFWLRQDO
DUUDQJHPHQW,7$$&
$QFLOODU\\'LHVHO
- HQHUDWRU
(&60*
$QQH[%OGJ9$&
0&&
(&6(&
H
,7$$&SDUWDYHULILHV
DQHOHFWULFDOSDWKIURPWKH
(6EXVWRWKHEDWWHU\\URRP
H[KDXVWIDQ9;60$ %
ZKLFKLQFOXGHVWKHZLULQJ
SDWKIRUWKLVFRPSRQHQW QR
DGGLWLRQDOLQIRUPDWLRQLV
YHULILHGE\\FRPSOHWLRQRIWKH
IXQFWLRQDODUUDQJHPHQW
,7$$&
- HQHUDWRU&LUFXLW
%UHDNHU *&%
=$6(6
H
,7$$&SDUWIWHVWVWKH
JHQHUDWRUFLUFXLWEUHDNHU QR
DGGLWLRQDOLQIRUPDWLRQLV
YHULILHGE\\FRPSOHWLRQRIWKH
IXQFWLRQDODUUDQJHPHQW
,7$$&
$X[%OGJ9$&0&&
(&6(&
F
,7$$&SDUWD
SHUIRUPVORDGWHVWLQJRIWKH
,'6KRXUEDWWHU\\FKDUJHU
,'6&'&ZKLFKLQFOXGHV
DZLULQJSDWKWKDWLQYROYHV
WKHVHFRPSRQHQWV QR
DGGLWLRQDOLQIRUPDWLRQLV
YHULILHGE\\FRPSOHWLRQRIWKH
IXQFWLRQDODUUDQJHPHQW
,7$$&
$X[%OGJ9$&0&&
(&6(&
$QFLOODU\\'LHVHO
- HQHUDWRU'LVWULEXWLRQ
3DQHO
(&6('
GL
,7$$&LQVSHFWVWKH
FRQQHFWLRQVIRUWKHWZR
DQFLOODU\\GLHVHOJHQHUDWRUV
ZKLFKLQFOXGHVWKHZLULQJ
SDWKIRUWKHVHFRPSRQHQWV
QRDGGLWLRQDOLQIRUPDWLRQLV
YHULILHGE\\FRPSOHWLRQRIWKH
3&65HFLUFXODWLRQ3XPS
$/RFDO6WDUWHU
3&603$
3&65HFLUFXODWLRQ3XPS
$7UDQVIHU6ZLWFK
3&603$
D
(&
(&
DRAFT DG YHU I
A T
H
AFT D A
&&
&&
(&6(&
6(&
D
1' ;;;;
(QFORVXUH
5HTXHVWIRU/LFHQVH$PHQGPHQW )XQFWLRQDO$UUDQJHPHQW,7$$&2SWLPL]DWLRQ /$5
3DJHRI
(TXLSPHQW1DPH
7DJ1R
)XQFWLRQDO,7$$&
1XPEHU
,QGH[1XPEHU
/RJLFIRU)XQFWLRQDO
,7$$&&RYHUDJHRI)$
$QFLOODU\\'LHVHO
- HQHUDWRU'LVWULEXWLRQ
3DQHO
(&6('
IXQFWLRQDODUUDQJHPHQW
,7$$&
3&65HFLUFXODWLRQ3XPS
%/RFDO6WDUWHU
3&603%
3&65HFLUFXODWLRQ3XPS
%7UDQVIHU6ZLWFK
3&603%
9<9
7UDQVIRUPHUIRU/RDG
&HQWHU
(&6(7
D
,7$$&SDUWWHVWVWKH
FRPSRQHQWVLQ7DEOH
IURPWKH0&5ZKLFK
UHTXLUHVDZLULQJSDWKWKDW
LQYROYHVWKHVHFRPSRQHQWV
QRDGGLWLRQDOLQIRUPDWLRQLV
YHULILHGE\\FRPSOHWLRQRIWKH
IXQFWLRQDODUUDQJHPHQW
,7$$&
$QQH[%OGJ9$&
/RDG&HQWHU
(&6(.
$X[%OGJ9$&0&&
(&6(&
9<9
7UDQVIRUPHUIRU/RDG
&HQWHU
(&6(7
$QQH[%OGJ9$&
/RDG&HQWHU
(&6(.
$X[%OGJ9$&0&&
(&6(&
9<9
7UDQVIRUPHUIRU/RDG
&HQWHU
(&6(7
$QQH[%OGJ9$&
/RDG&HQWHU
(&6(.
$QQH[%OGJ9$&
0&&
(&6(&
9<9
7UDQVIRUPHUIRU/RDG
&HQWHU
(&6(7
$QQH[%OGJ9$&
/RDG&HQWHU
(&6(.
$X[%OGJ9$&0&&
(&6(&
9<9
7UDQVIRUPHUIRU/RDG
&HQWHU
(&6(7
$QQH[%OGJ9$&
0&&
(&6(&
,7$$&SDUWWHVWVWKH
VZLWFKJHDUURRP$+8IDQ
9;60$$IURPWKH
0&5ZKLFKUHTXLUHVD
ZLULQJSDWKWKDWLQYROYHVWKLV
FRPSRQHQW QRDGGLWLRQDO
LQIRUPDWLRQLVYHULILHGE\\
DR
$&
$&
(&6(&
6(&
DRAFT QR YHU I
T A T A
A 6(7
6(7
DRA D A
(&6(.
(&6(.
DR DR D
(&6(
(&6(
D
1' ;;;;
(QFORVXUH
5HTXHVWIRU/LFHQVH$PHQGPHQW )XQFWLRQDO$UUDQJHPHQW,7$$&2SWLPL]DWLRQ /$5
3DJHRI
(TXLSPHQW1DPH
7DJ1R
)XQFWLRQDO,7$$&
1XPEHU
,QGH[1XPEHU
/RJLFIRU)XQFWLRQDO
,7$$&&RYHUDJHRI)$
FRPSOHWLRQRIWKHIXQFWLRQDO
DUUDQJHPHQW,7$$&
'*%OGJ9$&0&&
(&6(&
,7$$&SDUWWHVWVWKH
'*RLOWUDQVIHUPRGXOH
HQFORVXUHH[KDXVWIDQV
9=60<9$%IURPWKH
0&5ZKLFKUHTXLUHVD
ZLULQJSDWKWKDWLQYROYHVWKLV
FRPSRQHQW QRDGGLWLRQDO
LQIRUPDWLRQLVYHULILHGE\\
FRPSOHWLRQRIWKHIXQFWLRQDO
DUUDQJHPHQW,7$$&
'*%OGJ9$&0&&
(&6(&
$QQH[%OGJ9$&
0&&
(&6(&
L
,7$$& SDUWLLWHVWV
VXSSO\\IDQV9$60$$
DQG$ZKLFKUHTXLUHVD
ZLULQJSDWKWKDWLQYROYHVWKLV
FRPSRQHQW QRDGGLWLRQDO
LQIRUPDWLRQLVYHULILHGE\\
FRPSOHWLRQRIWKHIXQFWLRQDO
DUUDQJHPHQW,7$$&
$QQH[%OGJ9$&
0&&
(&6(&
$QQH[%OGJ9$&
0&&
(&6(&
L,WHP
,7$$&SDUWWHVWVWKH
FRQWDLQPHQWH[KDXVWIDQ
9)60$$IURPWKH
0&5ZKLFKUHTXLUHVD
ZLULQJSDWKWKDWLQYROYHV
WKHVHFRPSRQHQWV QR
DGGLWLRQDOLQIRUPDWLRQLV
YHULILHGE\\FRPSOHWLRQRIWKH
IXQFWLRQDODUUDQJHPHQW
,7$$&
$QQH[%OGJ9$&
0&&
(&6(&
7KH(&6FRQWDLQVVHYHUDOFRPSRQHQWVQRWOLVWHGLQWKHDERYHWDEOHWKDWDUHRXWVLGHWKHVFRSH
RI,7$$& 7KH (&6 VDIHW\\UHODWHG DQG GHIHQVHLQGHSWK IXQFWLRQV GR QRW UHO\\ RQ WKHVH
FRPSRQHQWV7KHVHFRPSRQHQWVDUHWHVWHGLQWKH,QLWLDO7HVW3URJUDP ,73 DVGHVFULEHGLQ
8)6$5 6XEVHFWLRQ ZKLFK SURYLGHV YHULILFDWLRQ WKDW WKH DVLQVWDOOHG V\\VWHP
SURSHUO\\IXQFWLRQV7KHVHFRPSRQHQWVDUHQRWUHTXLUHGIRUDQ\\IHDWXUHVRUIXQFWLRQVFUHGLWHG
IRUPLWLJDWLRQRIGHVLJQEDVLVHYHQWVQRUDUHWKHUHDQ\\(&6IHDWXUHVRUIXQFWLRQVWKDWKDYH
EHHQLGHQWLILHGDVFDQGLGDWHVIRUDGGLWLRQDOUHJXODWRU\\RYHUVLJKWSHU8)6$56HFWLRQ
ZLU FRP L
T A T
AF A
A D A
(&6(&
(&6(&
DR D
(&6(&
(&
D
1' ;;;;
(QFORVXUH
5HTXHVWIRU/LFHQVH$PHQGPHQW )XQFWLRQDO$UUDQJHPHQW,7$$&2SWLPL]DWLRQ /$5
3DJHRI
,WLVDSSURSULDWHWRUHPRYHWKHIXQFWLRQDODUUDQJHPHQW,7$$&IRUWKH(&6EHFDXVHWKH
IXQFWLRQDOWHVWLQJ,7$$&UHIHUHQFHGDERYHZLOOGHPRQVWUDWHWKDWWKHHTXLSPHQWQHFHVVDU\\WR
SHUIRUPWKHVDIHW\\UHODWHGDQGGHIHQVHLQGHSWKIXQFWLRQVDUHDSSURSULDWHO\\DUUDQJHGDQG
WKHDGGLWLRQDO(&6FRPSRQHQWVQRWWHVWHGE\\RWKHU,7$$&DUHWHVWHGLQWKH,737KHUHIRUH
WKHIXQFWLRQDODUUDQJHPHQW,7$$&LVSURSRVHGWREHUHPRYHG
2QVLWH6WDQGE\\3RZHU6\\VWHP =26
&2/$SSHQGL[& DQGSODQWVSHFLILF7LHU 7DEOHLQFOXGHV,7$$&1R ,7$$&
WKH=26IXQFWLRQDODUUDQJHPHQW,7$$&
7DEOH
,QVSHFWLRQV7HVWV$QDO\\VHVDQG$FFHSWDQFH&ULWHULD
'HVLJQ&RPPLWPHQW
,QVSHFWLRQV7HVWV
$QDO\\VHV
$FFHSWDQFH&ULWHULD
7KHIXQFWLRQDO
DUUDQJHPHQWRIWKH=26LV
DVGHVFULEHGLQWKH'HVLJQ
'HVFULSWLRQRIWKLV6HFWLRQ
,QVSHFWLRQRIWKHDVEXLOW
V\\VWHPZLOOEHSHUIRUPHG
7KHDVEXLOW=26FRQIRUPV
ZLWKWKHIXQFWLRQDO
DUUDQJHPHQWDVGHVFULEHGLQ
WKH'HVLJQ'HVFULSWLRQRI
WKLV6HFWLRQ
7KH'HVLJQ'HVFULSWLRQIRU=26LQFOXGHVWKHIROORZLQJNH\\DWWULEXWHV
x
7KH=26SURYLGHVEDFNXSDFHOHFWULFDOSRZHUIRUQRQVDIHW\\UHODWHGORDGVGXULQJ
QRUPDODQGRIIQRUPDOFRQGLWLRQV
x
7KH=26KDVWZRVWDQGE\\GLHVHOJHQHUDWRUXQLWVDQGWKHFRPSRQHQWORFDWLRQVRIWKH
=26DUHDVVKRZQLQ7DEOH
x
7KHFHQWHUOLQHRIWKHGLHVHOHQJLQHH[KDXVWJDVGLVFKDUJHLVORFDWHGPRUHWKDQ
WZHQW\\ IHHWKLJKHUWKDQWKDWRIWKHFRPEXVWLRQDLULQWDNH
7KH'&IRUWKLV,7$$&LVGHPRQVWUDWHGWKURXJKWKH,7$DQG$&RIRWKHU,7$$&VSHFLILFDOO\\
WKH LQWHJUDWHG V\\VWHP WHVWLQJ,7$$& )XQFWLRQDO WHVWLQJ GHPRQVWUDWHV WKDW WKH UHTXLUHG
FRPSRQHQWVH[LVWDQGWKDWWKH\\DUHFRQQHFWHGLQDPDQQHUQHHGHGWRSHUIRUPWKHLQWHQGHG
IXQFWLRQ6HHEHORZIRUDOLVWRIWKH,7$$&WKDWGHPRQVWUDWHWKHGHVLJQFRPPLWPHQWRIWKH
=26IXQFWLRQDODUUDQJHPHQW,7$$& ,QGH[1R,7$$&
DRAFT HSWDQ HSWD V
V
$F T
FT DVEXLOW
DVE SHUIRUPHG
SHUIRUPHG
7KHDV
7KH ZLWKW WK W DUU FT AFFT
LQFOXGHVWKHIROORZLQJ
LQFOXGHVWKHIROORZLQJ
DFNXSDFHOHFWULFDOSRZ DFNXSDFHOHFWULFDOS UPDOFRQGLWLRQV
PDOFRQGLWLRQV
VWZRVWDQGE\\GLHVHOJH VWZRVWDQGE\\GLH VVKRZQLQ7DEOH
VVKRZQLQ7DEOH
LQHRIWKHGLHVHO
LQHRIWKHGLHV HWKLJKHUWK HWKLJKHUWK G
1' ;;;;
(QFORVXUH
5HTXHVWIRU/LFHQVH$PHQGPHQW )XQFWLRQDO$UUDQJHPHQW,7$$&2SWLPL]DWLRQ /$5
3DJHRI
&RPSRQHQW
1DPH
7DJ1R
)XQFWLRQDO
,7$$&1XPEHU
,QGH[1XPEHU
/RJLFIRU)XQFWLRQDO,7$$&
&RYHUDJHRI)$
2QVLWH'LHVHO
- HQHUDWRU$
3DFNDJH
=2606$
D
,7$$&SDUWVD DQGE
WHVWWKHDVEXLOWV\\VWHPWRFRQILUP
WKHGLHVHOJHQHUDWRUIXQFWLRQVDV
GHVLJQHGLQFOXGLQJWKDWLWUHDFKHV
DQGPDLQWDLQVGHVLJQHGYROWDJH
DQGIUHTXHQF\\7KHORFDWLRQDQG
IXQFWLRQRIWKHGLHVHOJHQHUDWRULV
YHULILHGWKURXJKWKLV,7$$& QR
DGGLWLRQDOLQIRUPDWLRQLVYHULILHGE\\
FRPSOHWLRQRIWKHIXQFWLRQDO
DUUDQJHPHQW,7$$&
2QVLWH'LHVHO
- HQHUDWRU%
3DFNDJH
=2606%
7KHKHLJKWGLIIHUHQWLDOEHWZHHQWKHFHQWHUOLQHRIWKHGLHVHOHQJLQHH[KDXVWJDVGLVFKDUJH
DQGWKHFRPEXVWLRQDLULQWDNHLVDQDWWULEXWHRIWKHGHVLJQGHVFULSWLRQWKDWLVQRWFRYHUHGE\\
DQRWKHU,7$$&,WLVVWLOODSSURSULDWHWRUHPRYHWKHIXQFWLRQDODUUDQJHPHQW,7$$&IRU=26
EHFDXVHWKLVVSHFLILFGHWDLOGRHVQRWPHHWWKHWKUHVKROGIRUGHVLJQLQIRUPDWLRQQHFHVVDU\\WR
VKRZYLD,7$$&FORVXUHSHU8)6$56HFWLRQ7KHIXQFWLRQDOWHVWLQJ,7$$&
UHIHUHQFHGDERYHZLOOGHPRQVWUDWHWKDWWKHGLHVHOJHQHUDWRUVUXQDVUHTXLUHGDQGSHUIRUP
WKHLUGHIHQVHLQGHSWKIXQFWLRQVDQGWKHKHLJKWGLIIHUHQWLDORIIHHWLVDQHTXLSPHQW
UHOLDELOLW\\GHVLJQIHDWXUHDQGLVQRWUHTXLUHGWRYHULI\\WKHIXQFWLRQRIWKHFRPSRQHQWV
7KHUHIRUHWKHIXQFWLRQDODUUDQJHPHQW,7$$&LVSURSRVHGWREHUHPRYHG
1XFOHDU,VODQG1RQUDGLRDFWLYH9HQWLODWLRQ6\\VWHP 9%6
&2/$SSHQGL[& DQGSODQWVSHFLILF7LHU 7DEOHLQFOXGHV,7$$&1R ,7$$&
WKH9%6IXQFWLRQDODUUDQJHPHQW,7$$&
7DEOH
,QVSHFWLRQV7HVWV$QDO\\VHVDQG$FFHSWDQFH&ULWHULD
'HVLJQ&RPPLWPHQW
,QVSHFWLRQV7HVWV
$QDO\\VHV
$FFHSWDQFH&ULWHULD
7KHIXQFWLRQDODUUDQJHPHQW
RIWKH9%6LVDVGHVFULEHGLQ
WKH'HVLJQ'HVFULSWLRQRIWKLV
6HFWLRQ
,QVSHFWLRQRIWKHDVEXLOW
V\\VWHPZLOOEHSHUIRUPHG
7KHDVEXLOW9%6FRQIRUPV
ZLWKWKHIXQFWLRQDO
DUUDQJHPHQWDVGHVFULEHG
LQWKH'HVLJQ'HVFULSWLRQRI
WKLV6HFWLRQ
7KH'HVLJQ'HVFULSWLRQIRU9%6LQFOXGHVWKHIROORZLQJNH\\DWWULEXWHV
x
7KH9%6VHUYHVWKH0&5FRQWUROVXSSRUWDUHD &6$ &ODVV(GFHTXLSPHQWURRPV
&ODVV(, &URRPV&ODVV(HOHFWULFDOSHQHWUDWLRQURRPV&ODVV(EDWWHU\\URRPV
UHPRWHVKXWGRZQURRP 565 UHDFWRUFRRODQWSXPSWULSVZLWFKJHDUURRPVDGMDFHQW
FRUULGRUVDQGSDVVLYHFRQWDLQPHQWFRROLQJV\\VWHP 3&6 YDOYHURRPGXULQJQRUPDO
SODQWRSHUDWLRQ
DRAFT SOHWL SOHW UDQJHPH UDQJH T
GLHVHOHQ GLHVHOHQJLQHH[KDX JLQH GHVLJQGHVFULSWLRQWKD GHVLJQGHVFULSWLRQ KHIXQFWLRQDO KHIXQFWLRQ DUUDQJHP QJHP HWKUHVKROGIRUGH WKUHVKROGIR VLJQLQ RQ7KHIXQFWLR
7 WKHGLHVHOJHQHUDWRUVUX WKHGLHVHOJHQHUD WKHKHLJKWGLIIHUHQWLDOR HKHLJKWGLIIHUHQWLDO UHTXLUHGWRYHULI\\WKHIX HGWRYHULI\\WKHIX HPHQW,7$$&LVSURSRV HPHQW,7$$&LVSURSRV 1RQUDGLRDFWLYH9HQWL 1RQUDGLRDFWLYH9HQ SODQWVSHFLILF7LHU 7 SODQWVSHFLILF7LHU 7
IXQFWLRQDODUUDQJHPHQ
IXQFWLRQDODUUDQJ VSHFWLRQV7H VSHFWLRQV7 DR QW QW D
1' ;;;;
(QFORVXUH
5HTXHVWIRU/LFHQVH$PHQGPHQW )XQFWLRQDO$UUDQJHPHQW,7$$&2SWLPL]DWLRQ /$5
3DJHRI
x
7KH 9%6 FRQVLVWV RI WKH IROORZLQJ LQGHSHQGHQW VXEV\\VWHPV WKH PDLQ FRQWURO
URRPFRQWURO VXSSRUW DUHD +9$& VXEV\\VWHP WKH FODVV ( HOHFWULFDO URRP +9$&
VXEV\\VWHP DQG WKH SDVVLYH FRQWDLQPHQW FRROLQJ V\\VWHP YDOYH URRP KHDWLQJ DQG
YHQWLODWLRQVXEV\\VWHP
x
7KH9%6SURYLGHVKHDWLQJYHQWLODWLRQDQGFRROLQJWRWKHDUHDVVHUYHGZKHQDFSRZHU
LVDYDLODEOH
x
7KHV\\VWHPSURYLGHVEUHDWKDEOHDLUWRWKHFRQWUROURRPDQGPDLQWDLQVWKHPDLQFRQWURO
URRPDQGFRQWUROVXSSRUWDUHDDUHDVDWDVOLJKWO\\SRVLWLYHSUHVVXUHZLWKUHVSHFWWRWKH
DGMDFHQWURRPVDQGRXWVLGHHQYLURQPHQWGXULQJQRUPDORSHUDWLRQV
x
7KH 9%6 PRQLWRUV WKH 0&5 VXSSO\\ DLU IRU UDGLRDFWLYH SDUWLFXODWH DQG LRGLQH
FRQFHQWUDWLRQVDQGSURYLGHVILOWUDWLRQRIPDLQFRQWUROURRPFRQWUROVXSSRUWDUHDDLU
GXULQJFRQGLWLRQVRIDEQRUPDO³+LJK'DLUERUQHUDGLRDFWLYLW\\
x
7KH 9%6 FDQ DOVR SURYLGH ILOWHUHG H[KDXVW IRU WKH UDGLRORJLFDOO\\ FRQWUROOHG DUHD
YHQWLODWLRQV\\VWHP 9$6 GXULQJDEQRUPDOFRQGLWLRQV
x
7KH9%6LVDVVKRZQLQ)LJXUH6KHHWVDQGDQGWKHFRPSRQHQWORFDWLRQV
RIWKH9%6DUHDVVKRZQLQ7DEOH
7KH'&IRUWKLV,7$$&LVODUJHO\\GHPRQVWUDWHGWKURXJKWKH,7$DQG$&RIRWKHU,7$$&6HH
EHORZIRUDOLVWRIWKHIXQFWLRQDO,7$$&DVVRFLDWHGZLWK9%6FRPSRQHQWVLQ)LJXUHDQG
7DEOHWKDWGHPRQVWUDWHWKHGHVLJQFRPPLWPHQWRIWKH9%6IXQFWLRQDODUUDQJHPHQW
,7$$& ,QGH[1R,7$$&
(TXLSPHQW1DPH
7DJ1R
)XQFWLRQDO,7$$&
1XPEHU
,QGH[1XPEHU
/RJLFIRU)XQFWLRQDO
,7$$&&RYHUDJHRI)$
6XSSOHPHQWDO$LU)LOWUDWLRQ
8QLWV
9%606$%
,7$$&SDUWGWHVWV
WKHFRPSRQHQWVLQ7DEOH
QRDGGLWLRQDO
LQIRUPDWLRQLVYHULILHGE\\
FRPSOHWLRQRIWKHIXQFWLRQDO
DUUDQJHPHQW,7$$&
0&5&6$6XSSO\\$LU
+DQGOLQJ8QLWV $+8V
9%606$%
'LYLVLRQ$DQG&&ODVV
((OHFWULFDO5RRP$+8V
9%606$&
'LYLVLRQ%DQG'&ODVV
((OHFWULFDO5RRP
$+8%
9%606%'
'LYLVLRQ$ &&ODVV(
%DWWHU\\5RRP([KDXVW
)DQV
9%60$$&
'LYLVLRQ% '&ODVV(
%DWWHU\\5RRP([KDXVW
)DQ
9%60$%'
0&5$QFLOODU\\)DQV
9%60$$%
'LYLVLRQ%$QFLOODU\\)DQ
9%60$
'LYLVLRQ&$QFLOODU\\)DQ
9%60$
DR LOWUDWLRQ
LOWUDWLR 9%606
%6
DRAFT RDF RDF QWUROURRP QWURO
UDGLRDFWLYLW\\
UDGLRDF XVW IRU WKH UDGLRORJLFD XVW IRU WKH UDGLRO DOFRQGLWLRQV
DOFRQGLWLRQ
6KHHWVDQGDQ KHHWV
H
H
HPRQVWUDWHGWKURXJKWK WUDWHGWKURXJKWK 7$$&DVVRFLDWHGZLWK9 7$$&DVVRFLDWHGZLWK9 WHWKHGHVLJQFRPPLWP WHWKHGHVLJQFR
$&
$&
7DJ1R
7DJ1R
DR DR DR DR 9%6 9%6 D
1' ;;;;
(QFORVXUH
5HTXHVWIRU/LFHQVH$PHQGPHQW )XQFWLRQDO$UUDQJHPHQW,7$$&2SWLPL]DWLRQ /$5
3DJHRI
(TXLSPHQW1DPH
7DJ1R
)XQFWLRQDO,7$$&
1XPEHU
,QGH[1XPEHU
/RJLFIRU)XQFWLRQDO
,7$$&&RYHUDJHRI)$
0&57RLOHW([KDXVW)DQ
9%60$
DL
,7$$&SDUWEL
SHUIRUPVWHVWLQJRIWKH9(6
7KHWRLOHWH[KDXVWIDQVDUH
LVRODWHGDQGYHULILHGDVSDUW
RIWKLVWHVW QRDGGLWLRQDO
LQIRUPDWLRQLVYHULILHGE\\
FRPSOHWLRQRIWKHIXQFWLRQDO
DUUDQJHPHQW,7$$&
&6$7RLOHW([KDXVW)DQ
9%60$
0&56XSSO\\$LU,VRODWLRQ
9DOYHV
9%63/
99
L
,7$$&SDUWLYHULILHV
WKHVHLVPLF&DWHJRU\\,
HTXLSPHQWLGHQWLILHGLQ7DEOH
LVLQVWDOOHGLQWKH
FRUUHFWORFDWLRQ QR
?DGGLWLRQDOLQIRUPDWLRQLV
YHULILHGE\\FRPSOHWLRQRIWKH
IXQFWLRQDODUUDQJHPHQW
,7$$&
0&55HWXUQ$LU,VRODWLRQ
9DOYHV
9%63/
99
0&5([KDXVW$LU,VRODWLRQ
9DOYHV
9%63/
9 9
7KH9%6FRQWDLQVRQHFRPSRQHQWQRWOLVWHGLQWKHDERYHWDEOHWKDWDUHRXWVLGHWKHVFRSHRI
,7$$& WKH3&6YDOYHURRPYHQWIDQ7KH9%6VDIHW\\UHODWHGDQGGHIHQVHLQGHSWKIXQFWLRQV
GRQRWUHO\\RQWKLVFRPSRQHQW7KLVFRPSRQHQWLVWHVWHGLQWKH,QLWLDO7HVW3URJUDP ,73 DV
GHVFULEHGLQ8)6$56XEVHFWLRQ ZKLFKSURYLGHVYHULILFDWLRQWKDWWKHDVLQVWDOOHG
V\\VWHP SURSHUO\\ IXQFWLRQV 7KLV FRPSRQHQW LV QRW UHTXLUHG IRU DQ\\ IHDWXUHV RU IXQFWLRQV
FUHGLWHGIRUPLWLJDWLRQRIGHVLJQEDVLVHYHQWVQRUDUHWKHUHDQ\\9%6IHDWXUHVRUIXQFWLRQVWKDW
KDYHEHHQLGHQWLILHGDVFDQGLGDWHVIRUDGGLWLRQDOUHJXODWRU\\RYHUVLJKWSHU8)6$56HFWLRQ
,WLVDSSURSULDWHWRUHPRYHWKHIXQFWLRQDODUUDQJHPHQW,7$$&IRUWKH9%6EHFDXVHWKH
IXQFWLRQDOWHVWLQJ,7$$&UHIHUHQFHGDERYHZLOOGHPRQVWUDWHWKDWWKHHTXLSPHQWQHFHVVDU\\WR
SHUIRUPWKHVDIHW\\UHODWHGDQGGHIHQVHLQGHSWKIXQFWLRQVDUHDSSURSULDWHO\\DUUDQJHGDQG
WKHDGGLWLRQDO9%6FRPSRQHQWQRWWHVWHGE\\RWKHU,7$$&LVWHVWHGLQWKH,737KHUHIRUHWKH
IXQFWLRQDODUUDQJHPHQW,7$$&LVSURSRVHGWREHUHPRYHG
&HQWUDO&KLOOHG:DWHU6\\VWHP 9:6
&2/$SSHQGL[& DQGSODQWVSHFLILF7LHU 7DEOHLQFOXGHV,7$$&1R ,7$$&
WKH9:6IXQFWLRQDODUUDQJHPHQW,7$$&
DRAFTT
L
FT A
9
A
%63/
9 9
9 9 A
DR DR DRA RQHFRPSRQHQWQRWOLVW RQHFRPSRQHQWQR YDOYHURRPYHQWIDQ7 YDOYHURRPYHQWIDQ7 VFRPSRQHQW7KLV
VFRPSRQHQW7 56XEVHFWLRQ
56XEVHFWLRQ
WLRQV 7K WLRQV 7K GHVL GHVL
1' ;;;;
(QFORVXUH
5HTXHVWIRU/LFHQVH$PHQGPHQW )XQFWLRQDO$UUDQJHPHQW,7$$&2SWLPL]DWLRQ /$5
3DJHRI
7DEOH
,QVSHFWLRQV7HVWV$QDO\\VHVDQG$FFHSWDQFH&ULWHULD
'HVLJQ&RPPLWPHQW
,QVSHFWLRQV7HVWV
$QDO\\VHV
$FFHSWDQFH&ULWHULD
7KHIXQFWLRQDODUUDQJHPHQW
RIWKH9:6LVDVGHVFULEHGLQ
WKH'HVLJQ'HVFULSWLRQRIWKLV
6HFWLRQ
,QVSHFWLRQRIWKHDVEXLOW
V\\VWHPZLOOEHSHUIRUPHG
7KHDVEXLOW9:6FRQIRUPV
ZLWKWKHIXQFWLRQDO
DUUDQJHPHQWDVGHVFULEHG
LQWKH'HVLJQ'HVFULSWLRQRI
WKLV6HFWLRQ
7KH'HVLJQ'HVFULSWLRQIRU9:6LQFOXGHVWKHIROORZLQJNH\\DWWULEXWHV
x
7KHSODQWKHDWLQJYHQWLODWLRQDQGDLUFRQGLWLRQLQJ +9$& V\\VWHPVUHTXLUHFKLOOHG
ZDWHUDVDFRROLQJPHGLXPWRVDWLVI\\WKHDPELHQWDLUWHPSHUDWXUHUHTXLUHPHQWVIRUWKH
SODQW7KH9:6VXSSOLHVFKLOOHGZDWHUWRWKH+9$&V\\VWHPVDQGLVIXQFWLRQDOGXULQJ
UHDFWRUIXOOSRZHUDQGVKXWGRZQRSHUDWLRQ
x
7KH9:6DOVRSURYLGHVFKLOOHGZDWHUWRVHOHFWHGSURFHVVV\\VWHPV
x
7KH9:6LVDVVKRZQLQ)LJXUHDQGWKHFRPSRQHQWORFDWLRQVRIWKH9:6DUH
DVVKRZQLQ7DEOH
7KH'&IRUWKLV,7$$&LVODUJHO\\GHPRQVWUDWHGWKURXJKWKH,7$DQG$&RIRWKHU,7$$&
6HHEHORZIRUDOLVWRIWKHIXQFWLRQDO,7$$&DVVRFLDWHGZLWK9:6FRPSRQHQWVLQ)LJXUH
DQG7DEOHWKDWGHPRQVWUDWHWKHGHVLJQFRPPLWPHQWRIWKH9:6IXQFWLRQDO
DUUDQJHPHQW,7$$& ,QGH[1R,7$$&
(TXLSPHQW1DPH
7DJ1R
)XQFWLRQDO
,7$$&1XPEHU
,QGH[1XPEHU
/RJLFIRU)XQFWLRQDO
,7$$&&RYHUDJHRI
)$
$LU&RROHG&KLOOHUV
9:6 06
D
,7$$&SDUWD
WHVWVWKHIORZUDWHVWR
WKHFKLOOHGZDWHU
FRROLQJFRLOVZKLFK
LQYROYHVDOO
FRPSRQHQWVOLVWHG QR
DGGLWLRQDOLQIRUPDWLRQ
LVYHULILHGE\\
FRPSOHWLRQRIWKH
IXQFWLRQDO
DUUDQJHPHQW,7$$&
$LU&RROHG&KLOOHU3XPSV
9:603
$LU&RROHG&KLOOHU:DWHU
9DOYHV
9:63/99
0&5&6$6XSSO\\$+8
9%60<&$%
&ODVV((OHFWULFDO
(TXLSPHQW5RRP$+8V
9%60<&$%&'
&963XPS5RRP8QLW
&RROHUV
9$60<&$%
&963XPS5RRP8QLW
&RROHU)DQV
9$60$$%
5163XPS5RRP8QLW
&RROHUV
9$60<
&$&%&$&%
5163XPS5RRP8QLW
&RROHU)DQV
9$60$$%
D V
DRAFT WUL WUL QJ +9$&
QJ +
QWDLUWHPSHUDWXU QWDLUWHPS H+9$&V\\VWHPVDQG H+9$&V\\VWHP Q
Q
UWRVHOHFWHGSURFHVVV VHOHFWHGS HDQGWKHFRPS
DQGWKHFR DUJHO\\GHPRQVWUDWHGWK DUJHO\\GHPRQVWUD KHIXQFWLRQDO,7$$&DV KHIXQFWLRQDO,7$$&
WKDWGHPRQVWUDWH
WKDWGHPRQVWUDWH
$& ,QGH[1R,7$$
$& ,QGH[1R
1DPH
1DP 7
DR DR D
1' ;;;;
(QFORVXUH
5HTXHVWIRU/LFHQVH$PHQGPHQW )XQFWLRQDO$UUDQJHPHQW,7$$&2SWLPL]DWLRQ /$5
3DJHRI
7KH9:6FRQWDLQVVHYHUDOFRPSRQHQWVQRWOLVWHGLQWKHDERYHWDEOHWKDWDUHRXWVLGHWKHVFRSH
RI,7$$& WZR ZDWHU FKLOOHUV DQG WKHLU DVVRFLDWHG SXPSV 7KH 9:6 VDIHW\\UHODWHG DQG
GHIHQVHLQGHSWKIXQFWLRQVGRQRWUHO\\RQWKHVHFRPSRQHQWV7KHVHFRPSRQHQWVDUHWHVWHG
LQWKH,QLWLDO7HVW3URJUDP ,73 DVGHVFULEHGLQ8)6$56XEVHFWLRQ ZKLFKSURYLGHV
YHULILFDWLRQ WKDW WKH DVLQVWDOOHG V\\VWHP SURSHUO\\ IXQFWLRQV 7KHVH FRPSRQHQWV DUH QRW
UHTXLUHGIRUDQ\\IHDWXUHVRUIXQFWLRQVFUHGLWHGIRUPLWLJDWLRQRIGHVLJQEDVLVHYHQWVQRUDUH
WKHUHDQ\\9:6IHDWXUHVRUIXQFWLRQVWKDWKDYHEHHQLGHQWLILHGDVFDQGLGDWHVIRUDGGLWLRQDO
UHJXODWRU\\RYHUVLJKWSHU8)6$56HFWLRQ
,WLVDSSURSULDWHWRUHPRYHWKHIXQFWLRQDODUUDQJHPHQW,7$$&IRUWKH9:6EHFDXVHWKH
IXQFWLRQDOWHVWLQJ,7$$&UHIHUHQFHGDERYHZLOOGHPRQVWUDWHWKDWWKHHTXLSPHQWQHFHVVDU\\WR
SHUIRUPWKHVDIHW\\UHODWHGDQGGHIHQVHLQGHSWKIXQFWLRQVDUHDSSURSULDWHO\\DUUDQJHGDQG
WKHDGGLWLRQDOIRXU9:6FRPSRQHQWVQRWWHVWHGE\\RWKHU,7$$&DUHWHVWHGLQWKH,73
7KHUHIRUHWKHIXQFWLRQDODUUDQJHPHQW,7$$&LVSURSRVHGWREHUHPRYHG
$QQH[$X[LOLDU\\%XLOGLQJV1RQUDGLRDFWLYH9HQWLODWLRQ6\\VWHP 9;6
&2/$SSHQGL[& DQGSODQWVSHFLILF7LHU 7DEOHLQFOXGHV,7$$&1R ,7$$&
WKH9;6IXQFWLRQDODUUDQJHPHQW,7$$&
7DEOH
,QVSHFWLRQV7HVWV$QDO\\VHVDQG$FFHSWDQFH&ULWHULD
'HVLJQ&RPPLWPHQW
,QVSHFWLRQV7HVWV
$QDO\\VHV
$FFHSWDQFH&ULWHULD
7KHIXQFWLRQDODUUDQJHPHQWRI
WKH9;6LVDVGHVFULEHGLQWKH
'HVLJQ'HVFULSWLRQRIWKLV6HFWLRQ
,QVSHFWLRQRIWKHDVEXLOW
V\\VWHPZLOOEHSHUIRUPHG
7KHDVEXLOW9;6FRQIRUPVZLWK
WKHIXQFWLRQDODUUDQJHPHQW
GHVFULEHGLQWKH'HVLJQ
'HVFULSWLRQRIWKLV6HFWLRQ
7KH'HVLJQ'HVFULSWLRQIRU9;6LQFOXGHVWKHIROORZLQJNH\\DWWULEXWHV
x
7KH 9;6 VHUYHV WKH QRQUDGLRDFWLYH SHUVRQQHO DQG HTXLSPHQW DUHDV HOHFWULFDO
HTXLSPHQW URRPV FOHDQ FRUULGRUV WKH DQFLOODU\\ GLHVHO JHQHUDWRU URRP DQG
GHPLQHUDOL]HGZDWHUGHR[\\JHQDWLQJURRPLQWKHDQQH[EXLOGLQJDQGWKHPDLQVWHDP
LVRODWLRQYDOYHFRPSDUWPHQWVUHDFWRUWULSVZLWFKJHDUURRPVDQGSLSLQJDQGHOHFWULFDO
SHQHWUDWLRQDUHDVLQWKHDX[LOLDU\\EXLOGLQJ
x
7KH9;6FRQVLVWVRIWKHIROORZLQJLQGHSHQGHQWVXEV\\VWHPV WKHJHQHUDODUHD+9$&
VXEV\\VWHPWKHVZLWFKJHDUURRP+9$&VXEV\\VWHPWKHHTXLSPHQWURRP+9$&
VXEV\\VWHPWKH06,9FRPSDUWPHQW+9$&VXEV\\VWHPWKHPHFKDQLFDOHTXLSPHQW
DUHD+9$&VXEV\\VWHPDQGWKHYDOYHSLSLQJSHQHWUDWLRQURRP+9$&VXEV\\VWHP
x
7KH9;6LVDVVKRZQLQ)LJXUHDQGWKHFRPSRQHQWORFDWLRQVRIWKH9;6DUH
DVVKRZQLQ7DEOH
7KH'&IRUWKLV,7$$&LVGHPRQVWUDWHGWKURXJKWKH,7$DQG$&RIRWKHU,7$$&VSHFLILFDOO\\
WKHWHVWLQJDQGLQVSHFWLRQVSHUIRUPHGIRU9;6ZKLFKLQFOXGHIXQFWLRQDOWHVWLQJWKDW
DRA WRI
WRI
WKH
H RAFT
$&
$&
WREHU WREH H WLYH9HQWLODWLRQ6 LYH9HQWLOD HLQFOXG H
HV,7$$
HV,7$
$$&
7DEOH
7DEOH
V$QDO\\VHVDQG$FFH
$QDO\\VHVDQG$FF AF
,QVSHFWLRQV7HVWV HFWLRQV7HVWV
$QDO\\VHV
$QDO\\
AF R
V6HFWLRQ
V6HFWLRQ
,QVSHFWLRQRIWKH
SHFWLRQRIWK V\\VWHPZLOOEH V\\VWHPZLOOEH RA DR DR DR ULSWLRQIRU9;6LQFO ULSWLRQIRU9;6
YHV WKH
YHV WKH
VV
1' ;;;;
(QFORVXUH
5HTXHVWIRU/LFHQVH$PHQGPHQW )XQFWLRQDO$UUDQJHPHQW,7$$&2SWLPL]DWLRQ /$5
3DJH RI
GHPRQVWUDWHVWKHUHTXLUHGFRPSRQHQWVH[LVWDQGWKDWWKH\\DUHFRQQHFWHGLQDPDQQHU
QHHGHGWRSHUIRUPWKHLQWHQGHGIXQFWLRQ6HHEHORZIRUDOLVWRIWKHIXQFWLRQDO,7$$&
DVVRFLDWHGZLWK9;6FRPSRQHQWVLQ7DEOHWKDWGHPRQVWUDWHWKHGHVLJQFRPPLWPHQW
RIWKH9;6IXQFWLRQDODUUDQJHPHQW,7$$& ,QGH[1R,7$$&
(TXLSPHQW1DPH
7DJ1R
)XQFWLRQDO
,7$$&1XPEHU
,QGH[1XPEHU
/RJLFIRU)XQFWLRQDO,7$$&
&RYHUDJHRI)$
$QQH[%XLOGLQJ(TXLSPHQW
5RRP$+8$
9;606$
,7$$&SDUWWHVWVWKHVH
$+8VXVLQJFRQWUROVLQWKH0&5
7KHORFDWLRQDQGIXQFWLRQRIWKH
$+8VDUHYHULILHGWKURXJKWKLV
,7$$& QRDGGLWLRQDOLQIRUPDWLRQLV
YHULILHGE\\FRPSOHWLRQRIWKH
IXQFWLRQDODUUDQJHPHQW,7$$&
$QQH[%XLOGLQJ(TXLSPHQW
5RRP$+8%
9;606%
6ZLWKFKJHDU5RRP$+8$
9;606$
6ZLWKFKJHDU5RRP$+8%
9;606%
7KH9;6FRQWDLQVDQXPEHURIFRPSRQHQWVQRWOLVWHGLQWKHDERYHWDEOHWKDWDUHRXWVLGHWKH
VFRSHRI,7$$&7KH9;6GRHVQRWKDYHDQ\\VDIHW\\UHODWHGIXQFWLRQVDQGWKHRQO\\GHIHQVH
LQGHSWKIXQFWLRQLVWRPDLQWDLQWKHGHVLJQWHPSHUDWXUHVRIWKHGLHVHOEXVVZLWFKJHDUURRPV
DQGEDWWHU\\FKDUJHUURRPVWRVXSSRUWRSHUDWLRQRIWKH=267KHQHFHVVDU\\HTXLSPHQWWR
DFKLHYHWKLVGHIHQVHLQGHSWKIXQFWLRQDUHWKHDQQH[EXLOGLQJHTXLSPHQWURRP$+8VDQG
VZLWFKJHDUURRP$+8VZKLFKDUHWHVWHGLQ,7$$&7KHUHPDLQLQJ9;6FRPSRQHQWVLQ
)LJXUHDQG7DEOHDUHWHVWHGLQWKH,QLWLDO7HVW3URJUDP ,73 DVGHVFULEHGLQ
8)6$5 6XEVHFWLRQ ZKLFK SURYLGHV YHULILFDWLRQ WKDW WKH DVLQVWDOOHG V\\VWHP
SURSHUO\\IXQFWLRQV7KH9;6GRHVQRWKDYHDQ\\IHDWXUHVRUIXQFWLRQVFUHGLWHGIRUPLWLJDWLRQRI
GHVLJQ EDVLV HYHQWV QRU DUH WKHUH DQ\\ IHDWXUHV RU IXQFWLRQV WKDW KDYH EHHQ LGHQWLILHG DV
FDQGLGDWHVIRUDGGLWLRQDOUHJXODWRU\\RYHUVLJKWSHU8)6$56HFWLRQ
,WLVDSSURSULDWHWRUHPRYHWKHIXQFWLRQDODUUDQJHPHQW,7$$&IRUWKH9;6EHFDXVHWKH
IXQFWLRQDOWHVWLQJ,7$$&UHIHUHQFHGDERYHZLOOGHPRQVWUDWHWKDWWKHHTXLSPHQWQHFHVVDU\\WR
SHUIRUPWKHGHIHQVHLQGHSWKIXQFWLRQVDUHDSSURSULDWHO\\DUUDQJHGDQGWKHDGGLWLRQDO9;6
HTXLSPHQWLQ)LJXUHDQG7DEOHDUHWHVWHGLQWKH,737KHUHIRUHWKH
IXQFWLRQDODUUDQJHPHQW,7$$&LVSURSRVHGWREHUHPRYHG
'LHVHO*HQHUDWRU%XLOGLQJ9HQWLODWLRQ6\\VWHP 9=6
&2/$SSHQGL[& DQGSODQWVSHFLILF7LHU 7DEOHLQFOXGHV,7$$&1R ,7$$&
WKH9=6IXQFWLRQDODUUDQJHPHQW,7$$&
7DEOH
,QVSHFWLRQV7HVWV$QDO\\VHVDQG$FFHSWDQFH&ULWHULD
'HVLJQ&RPPLWPHQW
,QVSHFWLRQV7HVWV
$QDO\\VHV
$FFHSWDQFH&ULWHULD
7KHIXQFWLRQDODUUDQJHPHQW
RIWKH9=6LVDVGHVFULEHGLQ
WKH'HVLJQ'HVFULSWLRQRIWKLV
6HFWLRQ
,QVSHFWLRQRIWKHDVEXLOW
V\\VWHPZLOOEHSHUIRUPHG
7KHDVEXLOW9=6FRQIRUPV
ZLWKWKHIXQFWLRQDO
DUUDQJHPHQWDVGHVFULEHG
LQWKH'HVLJQ'HVFULSWLRQRI
WKLV6HFWLRQ
DRAFT YHU IXQFWLR T
WHGLQWKHDERYHWDEOH
WHGLQWKHDERYH
DIHW\\UHODWHGIXQFWL DIHW\\UHODWHGIXQFWLRQV
RQV PSHUDWXUHVRIWKHGLHVH PSHUDWXUHVRIWKHGLHVH HUDWLRQRIWKH=267K RQRIWKH DUHWKHDQQH[EXLOGLQJ DUHWKHDQQH[
WHGLQ,7$$&7K GLQ,7$$&7 UHWHVWHGLQWKH,QLWLDO7 WHGLQWKH,QLWLDO7
ZKLFK SURYLGHV YHULI
ZKLFK SURYLGHV YHULI RHVQRWKDYHDQ\\IHDWX RHVQRWKDYHDQ\\
DUH WKHUH DQ\\ IHDWXUHV
DUH WKHUH DQ\\ IHDWXUH UHJXODWRU\\RYHUVLJKWSH HJXODWRU\\RYHUVLJKWSH PRYHWKHIXQFWLRQDODUU PRYHWKHIXQFW 7$$&UHIHUHQFHGDERY 7$$&UHIHUHQFHGDE QVHLQGHSWKIXQFWLRQV QVHLQGHSWKIXQFWLRQV UHDQG7DE UHDQG
HQW,7$$&LV
HQW,7$$&LV UDWRU UDWRU
1' ;;;;
(QFORVXUH
5HTXHVWIRU/LFHQVH$PHQGPHQW )XQFWLRQDO$UUDQJHPHQW,7$$&2SWLPL]DWLRQ /$5
3DJHRI
7KH'HVLJQ'HVFULSWLRQIRU9=6LQFOXGHVWKHIROORZLQJNH\\DWWULEXWHV
x
7KH9=6SURYLGHVYHQWLODWLRQFRROLQJRIWKHGLHVHOJHQHUDWRUEXLOGLQJIRUWKHRQVLWH
VWDQGE\\SRZHUV\\VWHP7KH9=6DOVRSURYLGHVKHDWLQJDQGYHQWLODWLRQZLWKLQWKHGLHVHO
RLO WUDQVIHU PRGXOH HQFORVXUH 7KH 9=6 FRQVLVWV RI WKH IROORZLQJ VXEV\\VWHPV WKH
QRUPDOGLHVHOEXLOGLQJKHDWLQJDQGYHQWLODWLRQVXEV\\VWHPWKHVWDQGE\\GLHVHOEXLOGLQJ
H[KDXVWYHQWLODWLRQVXEV\\VWHPWKHIXHORLOGD\\WDQNYDXOWH[KDXVWVXEV\\VWHPDQGWKH
GLHVHORLOWUDQVIHUPRGXOHHQFORVXUHVYHQWLODWLRQDQGKHDWLQJVXEV\\VWHP
x
7KH9=6LVDVVKRZQLQ)LJXUH6KHHWVDQGDQGWKHFRPSRQHQWORFDWLRQV
RIWKH9=6DUHDVVKRZQLQ7DEOH
7KH'&IRUWKLV,7$$&LVODUJHO\\GHPRQVWUDWHGWKURXJKWKH,7$DQG$&RIRWKHU,7$$&6HH
EHORZIRUDOLVWRIWKHIXQFWLRQDO,7$$&DVVRFLDWHGZLWK9=6FRPSRQHQWVLQ)LJXUH
DQG 7DEOH WKDW GHPRQVWUDWH WKH GHVLJQ FRPPLWPHQW RI WKH 9=6 IXQFWLRQDO
DUUDQJHPHQW,7$$& ,QGH[1R,7$$&
(TXLSPHQW1DPH
7DJ1R
)XQFWLRQDO
,7$$&1XPEHU
,QGH[1XPEHU
/RJLFIRU)XQFWLRQDO,7$$&
&RYHUDJHRI)$
6HUYLFH0RGXOH$+8V
9=606$%
,7$$&SDUWWHVWVWKHVH
FRPSRQHQWVXVLQJFRQWUROVLQ
WKH0&5 QRDGGLWLRQDO
LQIRUPDWLRQLVYHULILHGE\\
FRPSOHWLRQRIWKHIXQFWLRQDO
DUUDQJHPHQW,7$$&
'LHVHO2LO7UDQVIHU
0RGXOH(QFORVXUH
([KDXVW)DQV
9=60<9$%
'LHVHO2LO7UDQVIHU
0RGXOH(QFORVXUH8QLW
+HDWHUV
9=60<8$%
'*%XLOGLQJ6WDQGE\\
([KDXVW)DQV
9=60<
9$9%9$
9%
7KH9=6FRQWDLQVVHYHUDOFRPSRQHQWVQRWOLVWHGLQWKHDERYHWDEOHWKDWDUHRXWVLGHWKHVFRSH
RI,7$$& WKHIXHORLOGD\\WDQNYDXOWH[KDXVWIDQV7KH9=6KDVQRVDIHW\\UHODWHGIXQFWLRQV
DQG WKH 9=6 GHIHQVHLQGHSWK IXQFWLRQV GR QRW UHO\\ RQ WKHVH FRPSRQHQWV 7KHVH
FRPSRQHQWVDUHWHVWHGLQWKH,QLWLDO7HVW3URJUDP ,73 DVGHVFULEHGLQ8)6$56XEVHFWLRQ
ZKLFKSURYLGHVYHULILFDWLRQWKDWWKHDVLQVWDOOHGV\\VWHPSURSHUO\\IXQFWLRQV7KHVH
FRPSRQHQWVDUHQRWUHTXLUHGIRUDQ\\IHDWXUHVRUIXQFWLRQVFUHGLWHGIRUPLWLJDWLRQRIGHVLJQ
EDVLV HYHQWV QRU DUH WKHUH DQ\\ 9=6 IHDWXUHV RU IXQFWLRQV WKDW KDYH EHHQ LGHQWLILHG DV
FDQGLGDWHVIRUDGGLWLRQDOUHJXODWRU\\RYHUVLJKWSHU8)6$56HFWLRQ
,W LV DSSURSULDWH WR UHPRYH WKH IXQFWLRQDO DUUDQJHPHQW,7$$& IRU WKH 9=6 EHFDXVH WKH
IXQFWLRQDOWHVWLQJ,7$$&UHIHUHQFHGDERYHZLOOGHPRQVWUDWHWKDWWKHHTXLSPHQWQHFHVVDU\\WR
SHUIRUPWKHVDIHW\\UHODWHGDQGGHIHQVHLQGHSWKIXQFWLRQVDUHDSSURSULDWHO\\DUUDQJHGDQG
WKH DGGLWLRQDO WZR 9=6 FRPSRQHQWV QRW WHVWHG E\\ RWKHU,7$$& DUH WHVWHG LQ WKH,73
7KHUHIRUHWKHIXQFWLRQDODUUDQJHPHQW,7$$&LVSURSRVHGWREHUHPRYHG
DRAFT 7$
7$
=6FR
=6F P RPPLWPHQW R RPPLW
)XQFWLRQDO
)XQFWLR
,7$$&1XPEHU
,7$$&1XP
,QGH[1XPEHU
,QGH[1
/R
/
FTT A T
%
%
AF A
$%
$%
A RA 60<8$%
60<8
RA RA 9=60<
9=6
9$9%9
9$9%
9%
9%
DR D
VHYHUDOFRPSR VHYHUDOFRPS GD\\WDQN
GD\\WDQN
HLQG HLQG
1' ;;;;
(QFORVXUH
5HTXHVWIRU/LFHQVH$PHQGPHQW )XQFWLRQDO$UUDQJHPHQW,7$$&2SWLPL]DWLRQ /$5
3DJHRI
5DGLRORJLFDOO\\&RQWUROOHG$UHD9HQWLODWLRQ6\\VWHP 9$6
&2/$SSHQGL[& DQGSODQWVSHFLILF7LHU 7DEOHLQFOXGHV,7$$&1R ,7$$&
WKH9$6IXQFWLRQDODUUDQJHPHQW,7$$&
7DEOH
,QVSHFWLRQV7HVWV$QDO\\VHVDQG$FFHSWDQFH&ULWHULD
'HVLJQ&RPPLWPHQW
,QVSHFWLRQV7HVWV
$QDO\\VHV
$FFHSWDQFH&ULWHULD
7KHIXQFWLRQDODUUDQJHPHQWRI
WKH9$6LVDVGHVFULEHGLQWKH
'HVLJQ'HVFULSWLRQRIWKLV6HFWLRQ
,QVSHFWLRQRIWKHDVEXLOW
V\\VWHPZLOOEHSHUIRUPHG
7KHDVEXLOW9$6FRQIRUPVZLWK
WKHIXQFWLRQDODUUDQJHPHQWDV
GHVFULEHGLQWKH'HVLJQ
'HVFULSWLRQRIWKLV6HFWLRQ
7KH'HVLJQ'HVFULSWLRQIRU9$6LQFOXGHVWKHIROORZLQJNH\\DWWULEXWHV
x
7KH9$6VHUYHVWKHIXHOKDQGOLQJDUHDRIWKHDX[LOLDU\\EXLOGLQJDQGWKHUDGLRORJLFDOO\\
FRQWUROOHGSRUWLRQVRIWKHDX[LOLDU\\DQGDQQH[EXLOGLQJV
x
7KH9$6FRQVLVWVRIWZRVXEV\\VWHPV WKHDX[LOLDU\\DQQH[EXLOGLQJYHQWLODWLRQ
VXEV\\VWHPDQGWKHIXHOKDQGOLQJDUHDYHQWLODWLRQVXEV\\VWHP
x
7KHFRPSRQHQWORFDWLRQVRIWKH9$6DUHDVVKRZQLQ7DEOH1RWHWKH9$6
KDVQRVLPSOLILHGILJXUH
7KH'&IRUWKLV,7$$&LVGHPRQVWUDWHGWKURXJKWKH,7$DQG$&RIRWKHU,7$$&VSHFLILFDOO\\
WKHWHVWLQJDQGLQVSHFWLRQVSHUIRUPHGIRU9$6ZKLFKLQFOXGHIXQFWLRQDOWHVWLQJWKDW
GHPRQVWUDWHVWKHUHTXLUHGFRPSRQHQWVH[LVWDQGWKDWWKH\\DUHFRQQHFWHGLQDPDQQHU
QHHGHGWRSHUIRUPWKHLQWHQGHGIXQFWLRQ6HHEHORZIRUDOLVWRIWKHIXQFWLRQDO,7$$&
DVVRFLDWHGZLWK9$6FRPSRQHQWVLQ7DEOHWKDWGHPRQVWUDWHWKHGHVLJQFRPPLWPHQW
RIWKH9$6IXQFWLRQDODUUDQJHPHQW,7$$& ,QGH[1R,7$$&
(TXLSPHQW1DPH
7DJ1R
)XQFWLRQDO
,7$$&1XPEHU
,QGH[1XPEHU
/RJLFIRU)XQFWLRQDO,7$$&
&RYHUDJHRI)$
$X[LOLDU\\$QQH[%XLOGLQJ
6XSSO\\$LU+DQGOLQJ8QLW
$+8 $
9$606$
L
,7$$& SDUWLQFOXGHVDWHVWWKDW
FRQILUPVWKH9$6PDLQWDLQVHDFK
EXLOGLQJDWDVOLJKWO\\QHJDWLYHSUHVVXUH
ZKHQRSHUDWLQJDOO9$6VXSSO\\$+8V
DQGDOO9$6H[KDXVWIDQV7KH
ORFDWLRQDQGIXQFWLRQRIWKHVXSSO\\
$+8VDQGH[KDXVWIDQVDUHYHULILHG
WKURXJKWKLV,7$$& QRDGGLWLRQDO
LQIRUPDWLRQLVYHULILHGE\\FRPSOHWLRQRI
WKHIXQFWLRQDODUUDQJHPHQW,7$$&
$X[LOLDU\\$QQH[%XLOGLQJ
6XSSO\\$+8%
9$606%
)XHO+DQGOLQJ$UHD
6XSSO\\$+8$
9$606$
)XHO+DQGOLQJ$UHD
6XSSO\\$+8%
9$606%
$X[LOLDU\\$QQH[%XLOGLQJ
([KDXVW)DQ$
9$60$$
$X[LOLDU\\$QQH[%XLOGLQJ
([KDXVW)DQ%
9$60$%
DRAFTT H\\DWWUL H\\DWWU EXWHV KHDX[LOLDU\\EXLOGLQ KHDX[LOLDU\\EXLOGL JD QQH[EXLOGLQJV
QQH[
PV WKHDX[LOLDU\\DQQH[E HDX[LOLDU DUHDYHQWLODWLRQVXEV\\V DUHDYHQWLODWLRQ IWKH9$6DUHDVVKRZ 9$6DUHDVVKRZ PRQVWUDWHGWKURXJKWKH PRQVWUDWHGWKURXJK QVSHUIRUPHGIRU9$6Z SHUIRUPHGIRU9$6Z LUHGFRPSRQHQWVH[LVW
RPSRQHQWVH[LVW
KHLQWHQGHGIXQFWLRQ6 KHLQWHQGHGIXQF 9$6FRPSRQHQWVLQ7DE 9$6FRPSRQHQWVLQ7D LRQDODUUDQJHPHQW,7$
LRQDODUUDQJHPHQW,7$
7DJ1 7DJ
D
1' ;;;;
(QFORVXUH
5HTXHVWIRU/LFHQVH$PHQGPHQW )XQFWLRQDO$UUDQJHPHQW,7$$&2SWLPL]DWLRQ /$5
3DJHRI
(TXLSPHQW1DPH
7DJ1R
)XQFWLRQDO
,7$$&1XPEHU
,QGH[1XPEHU
/RJLFIRU)XQFWLRQDO,7$$&
&RYHUDJHRI)$
&963XPS5RRP8QLW
&RROHU$
9$606$
D
,7$$&LQFOXGHVDWHVWWKDW
PHDVXUHVWKHFKLOOHGZDWHUVXSSOLHGWR
WKH&96DQG516SXPSV8QLW
&RROHUV7KHORFDWLRQDQGIXQFWLRQRI
WKH&96DQG5168QLW&RROHUVDUH
YHULILHGWKURXJKWKLV,7$$& QR
DGGLWLRQDOLQIRUPDWLRQLVYHULILHGE\\
FRPSOHWLRQRIWKHIXQFWLRQDO
DUUDQJHPHQW,7$$&
&963XPS5RRP8QLW
&RROHU%
9$606%
5163XPS5RRP8QLW
&RROHU$
9$606$
5163XPS5RRP8QLW
&RROHU%
9$606%
)XHO+DQGOLQJ$UHD
([KDXVW)DQ$
9$60$$
)XHO+DQGOLQJ$UHD
([KDXVW)DQ%
9$60$%
$V WKH IXQFWLRQDO DUUDQJHPHQW RI WKH 9$6 LV YHULILHG E\\ RWKHU,7$$& WKH IXQFWLRQDO
DUUDQJHPHQW,7$$&LWVHOIGRHVQRWSURYLGHDQ\\DGGLWLRQDOLQIRUPDWLRQDQGLVSURSRVHGWREH
UHPRYHG
&RQWDLQPHQW$LU)LOWUDWLRQ6\\VWHP 9)6
&2/$SSHQGL[& DQGSODQWVSHFLILF7LHU 7DEOHLQFOXGHV,7$$&1R ,7$$&
WKH9)6IXQFWLRQDODUUDQJHPHQW,7$$&
7DEOH
,QVSHFWLRQV7HVWV$QDO\\VHVDQG$FFHSWDQFH&ULWHULD
'HVLJQ&RPPLWPHQW
,QVSHFWLRQV7HVWV
$QDO\\VHV
$FFHSWDQFH&ULWHULD
7KHIXQFWLRQDODUUDQJHPHQW
RIWKH9)6LVDVGHVFULEHGLQ
WKH'HVLJQ'HVFULSWLRQRIWKLV
6HFWLRQ
,QVSHFWLRQRIWKHDVEXLOW
V\\VWHPZLOOEHSHUIRUPHG
7KHDVEXLOW9)6FRQIRUPV
ZLWKWKHIXQFWLRQDO
DUUDQJHPHQWDVGHVFULEHG
LQWKH'HVLJQ'HVFULSWLRQRI
WKLV6HFWLRQ
7KH'HVLJQ'HVFULSWLRQIRU9)6LQFOXGHVWKHIROORZLQJNH\\DWWULEXWHV
x
7KH9)6SURYLGHVLQWHUPLWWHQWIORZRIRXWGRRUDLUWRSXUJHDQGILOWHUWKHFRQWDLQPHQW
DWPRVSKHUHRIDLUERUQHUDGLRDFWLYLW\\GXULQJQRUPDOSODQWRSHUDWLRQDQGFRQWLQXRXV
IORZGXULQJKRWRUFROGSODQWVKXWGRZQFRQGLWLRQVWRUHGXFHDLUERUQHUDGLRDFWLYLW\\OHYHOV
IRUSHUVRQQHODFFHVV
x
7KH9)6LVDVVKRZQLQ)LJXUHDQGWKHFRPSRQHQWORFDWLRQVRIWKH9)6DUH
DVVKRZQLQ7DEOH
7KH'&IRUWKLV,7$$&LVGHPRQVWUDWHGWKURXJKWKH,7$DQG$&RIRWKHU,7$$&6HHEHORZ
IRUDOLVWRIWKHIXQFWLRQDO,7$$&DVVRFLDWHGZLWK9)6FRPSRQHQWVLQ)LJXUHDQG7DEOH
WKDWGHPRQVWUDWHWKHGHVLJQFRPPLWPHQWRIWKH9)6IXQFWLRQDODUUDQJHPHQW,7$$&
DRAFTT YHULILHG E\\ RWKHU,
YHULILHG E\\ RWKHU 7$
\\DGGLWLRQDOLQIRUP
\\DGGLWLRQDO
DWLRQ WLRQ 6\\VWHP 9)6
6\\VWHP 9)6
F7LHU 7DEOH
7DEOH
UUDQJHPHQW,7$$&
UUDQJHPHQW,7$$
7DEOH
H
WLRQV7HVWV$QDO\\VHV RQV7HVWV$QDO\\VHV RA WPHQW WPHQW
,QVSHFWW DR DR DODUUDQJHPHQW
DODUUDQJHPHQW
VGHVFULEHGLQ
VGHV SWLRQRIWKLV
SWLRQRIWKLV
,QVSHF VSH V\\VW DR DR
1' ;;;;
(QFORVXUH
5HTXHVWIRU/LFHQVH$PHQGPHQW )XQFWLRQDO$UUDQJHPHQW,7$$&2SWLPL]DWLRQ /$5
3DJHRI
,QGH[1R,7$$&
(TXLSPHQW1DPH
7DJ1R
)XQFWLRQDO
,7$$&1XPEHU
,QGH[1XPEHU
/RJLFIRU)XQFWLRQDO,7$$&
&RYHUDJHRI)$
&RQWDLQPHQW$LU
)LOWUDWLRQ6XSSO\\$+8V
9)606$%
L
,7$$&SDUWVL DQGLL WHVW
WKHIORZUDWHRIWKH$+8VZKHQ
RSHUDWHGZLWKWKHLUUHVSHFWLYH
H[KDXVWXQLWV QRDGGLWLRQDO
LQIRUPDWLRQLVYHULILHGE\\FRPSOHWLRQ
RIWKHIXQFWLRQDODUUDQJHPHQW,7$$&
&RQWDLQPHQW$LU
)LOWUDWLRQ([KDXVW8QLWV
9)606$%
$V WKH IXQFWLRQDO DUUDQJHPHQW RI WKH 9)6 LV YHULILHG E\\ RWKHU,7$$& WKH IXQFWLRQDO
DUUDQJHPHQW,7$$&LWVHOIGRHVQRWSURYLGHDQ\\DGGLWLRQDOLQIRUPDWLRQDQGLVSURSRVHGWREH
UHPRYHG
&RQWDLQPHQW5HFLUFXODWLRQ&RROLQJ6\\VWHP 9&6
&2/$SSHQGL[& DQGSODQWVSHFLILF7LHU 7DEOHLQFOXGHV,7$$&1R ,7$$&
WKH9&6IXQFWLRQDODUUDQJHPHQW,7$$&
7DEOH
,QVSHFWLRQV7HVWV$QDO\\VHVDQG$FFHSWDQFH&ULWHULD
'HVLJQ&RPPLWPHQW
,QVSHFWLRQV7HVWV
$QDO\\VHV
$FFHSWDQFH&ULWHULD
7KHIXQFWLRQDODUUDQJHPHQW
RIWKH9&6LVDVGHVFULEHGLQ
WKH'HVLJQ'HVFULSWLRQRIWKLV
6HFWLRQ
,QVSHFWLRQRIWKHDVEXLOW
V\\VWHPZLOOEHSHUIRUPHG
7KHDVEXLOW9&6FRQIRUPV
ZLWKWKHIXQFWLRQDO
DUUDQJHPHQWDVGHVFULEHG
LQWKH'HVLJQ'HVFULSWLRQRI
WKLV6HFWLRQ
7KH'HVLJQ'HVFULSWLRQIRU9&6LQFOXGHVWKHIROORZLQJNH\\DWWULEXWHV
x
7KH FRQWDLQPHQW UHFLUFXODWLRQ FRROLQJ V\\VWHP 9&6 FRQWUROV WKH FRQWDLQPHQW DLU
WHPSHUDWXUHDQGKXPLGLW\\GXULQJQRUPDORSHUDWLRQUHIXHOLQJDQGVKXWGRZQ
x
7KH ORFDWLRQV RI WKH 9&6 DUH DV VKRZQ LQ 7DEOH 1RWH WKH 9&6 KDV QR
VLPSOLILHGILJXUH
7KH'&IRUWKLV,7$$&LVGHPRQVWUDWHGWKURXJKWKH,7$DQG$&RIRWKHU,7$$&6HHEHORZ
IRUDOLVWRIWKHIXQFWLRQDO,7$$&DVVRFLDWHGZLWK9&6FRPSRQHQWVLQ7DEOHWKDW
GHPRQVWUDWHWKHGHVLJQFRPPLWPHQWRIWKH9&6IXQFWLRQDODUUDQJHPHQW,7$$& ,QGH[1R
,7$$&
DR WPHQW WPHQW
,QVSHFWW RAFT RIWK RI
T HULILHG E\\ RWKHU,
HULILHG E\\ RWK 7$
GGLWLRQDOLQIRUP GGLWLRQDOLQIRUPDWLRQDQ DWLR RROLQJ6\\VWHP 9&6
6\\VWH 7LHU 7DEOHLQF U 7DEOHL DQJHPHQW,7$$&
HQW,7$$&
7DEOH
OH
RQV7HVWV$QDO\\VHV
RQV7HVWV$QDO\\VHV RA R
DR DODUUDQJHPHQW
DODUUDQJHPHQW
GHVFULEHGLQ
GHVF WLRQRIWKLV
WLRQRIWKLV
,QVSH SH V\\V DR DR
1' ;;;;
(QFORVXUH
5HTXHVWIRU/LFHQVH$PHQGPHQW )XQFWLRQDO$UUDQJHPHQW,7$$&2SWLPL]DWLRQ /$5
3DJHRI
(TXLSPHQW1DPH
7DJ1R
)XQFWLRQDO
,7$$&
1XPEHU
,QGH[
1XPEHU
/RJLFIRU)XQFWLRQDO,7$$&
&RYHUDJHRI)$
5HDFWRU&RQWDLQPHQW
5HFLUFXODWLRQ)DQ&RLO8QLW
$VVHPEOLHV
9&606
$%&'
,7$$&LQVSHFWVIRUWKH
UHWULHYDELOLW\\RIGLVSOD\\VLQWKH0&5
RISDUDPHWHUVLGHQWLILHGLQ7DEOH
QRDGGLWLRQDOLQIRUPDWLRQLV
YHULILHGE\\FRPSOHWLRQRIWKH
IXQFWLRQDODUUDQJHPHQW,7$$&
$V WKH IXQFWLRQDO DUUDQJHPHQW RI WKH 9&6 LV YHULILHG E\\ RWKHU,7$$& WKH IXQFWLRQDO
DUUDQJHPHQW,7$$&LWVHOIGRHVQRWSURYLGHDQ\\DGGLWLRQDOLQIRUPDWLRQDQGLVSURSRVHGWREH
UHPRYHG
/LFHQVLQJ%DVLV&KDQJH'HVFULSWLRQV
7KHIROORZLQJIXQFWLRQDODUUDQJHPHQW,7$$&DUHSURSRVHGWREHUHPRYHGIURPWKH
DVVRFLDWHG,7$$&WDEOH
x
)XHO+DQGOLQJDQG5HIXHOLQJ6\\VWHP )+6 +/-,7$$&,QGH[1R
x
&RPSRQHQW&RROLQJ:DWHU6\\VWHP &&6 +/-,7$$&,QGH[1R
x
&KHPLFDODQG9ROXPH&RQWURO6\\VWHP &96 +/-,7$$&,QGH[1R
x
6WDQGE\\'LHVHO)XHO2LO6\\VWHP '26 +/-,7$$&,QGH[1R
x
)LUH3URWHFWLRQ6\\VWHP )36 +/-,7$$&,QGH[1R
x
0HFKDQLFDO+DQGOLQJ6\\VWHP 0+6 +/-,7$$&,QGH[1R
x
1RUPDO5HVLGXDO+HDW5HPRYDO6\\VWHP 516 +/-,7$$&,QGH[1R
x
6SHQW)XHO3RRO&RROLQJ6\\VWHP 6)6 +/-,7$$&,QGH[1R
x
6HUYLFH:DWHU6\\VWHP 6:6 +/-,7$$&,QGH[1R
x
&RQWDLQPHQW+\\GURJHQ&RQWURO6\\VWHP 9/6 +/-,7$$& ,QGH[1R
x
/LTXLG5DGZDVWH6\\VWHP :/6 +/-,7$$&,QGH[1R
x
- DVHRXV5DGZDVWH6\\VWHP :*6 +/-,7$$&,QGH[1R
x
6ROLG5DGZDVWH6\\VWHP :66 +/-,7$$&,QGH[1R
x
3ULPDU\\6DPSOLQJ6\\VWHP 366 +/-,7$$&,QGH[1R
DRAFT
\\ R
\\ R LQIRUP LQIRU DW
&DUHSURSRVHGWREHU HSURSRVH J6\\VWHP )+6 +/-,7$$
VWHP )+6 +/-,7$$
- DWHU6\\VWHP &&6 +/-,7
- DWHU6\\VWHP &&
OXPH&RQWURO6\\VWHP &
XPH&RQWURO6\\VWHP
VHO)XHO2LO6\\VWHP
VHO)XHO2LO6\\V
'2 WHFWLRQ6\\VWHP )36
WHFWLRQ6\\VWHP )36
+DQGOLQJ6\\V
+DQGOLQJ6\\
+H
+H
1' ;;;;
(QFORVXUH
5HTXHVWIRU/LFHQVH$PHQGPHQW )XQFWLRQDO$UUDQJHPHQW,7$$&2SWLPL]DWLRQ /$5
3DJHRI
x
'HPLQHUDOL]HG:DWHU7UDQVIHUDQG6WRUDJH6\\VWHP ':6 +/-,7$$&
,QGH[1R
x
&RPSUHVVHGDQG,QVWUXPHQWDWLRQ$LU6\\VWHP &$6 +/-,7$$&,QGH[1R
x
5DGLRDFWLYH:DVWH'UDLQ6\\VWHP :56 +/-,7$$& ,QGH[1R
x
0DLQDQG6WDUWXS)HHGZDWHU6\\VWHP ):6 +/-,7$$&,QGH[1R
x
0DLQ7XUELQH6\\VWHP 076 +/-,7$$&,QGH[1R
x
&RQGHQVDWH6\\VWHP &'6 +/-,7$$&,QGH[1R
x
,Q&RUH,QVWUXPHQWDWLRQ6\\VWHP ,,6 +/-,7$$&,QGH[1R
x
6SHFLDO0RQLWRULQJ6\\VWHP 606 +/-,7$$&,QGH[1R
x
6HLVPLF0RQLWRULQJ6\\VWHP 6-6 +/-,7$$& ,QGH[1R
x
0DLQDF3RZHU6\\VWHP (&6 +/-,7$$&,QGH[1R
x
2QVLWH6WDQGE\\3RZHU6\\VWHP =26 +/-,7$$&,QGH[1R
x
1XFOHDU,VODQG1RQUDGLRDFWLYH9HQWLODWLRQ6\\VWHP 9%6 +/-,7$$&,QGH[
1R
x
&HQWUDO&KLOOHG:DWHU6\\VWHP 9:6 +/-,7$$&,QGH[1R
x
$QQH[$X[LOLDU\\%XLOGLQJV1RQUDGLRDFWLYH9HQWLODWLRQ6\\VWHP 9;6 +/-,7$$&
,QGH[1R
x
'LHVHO*HQHUDWRU%XLOGLQJ9HQWLODWLRQ6\\VWHP 9=6 +/-,7$$&,QGH[1R
x
5DGLRORJLFDOO\\&RQWUROOHG$UHD9HQWLODWLRQ6\\VWHP 9$6 +/-,7$$&,QGH[
1R
x
&RQWDLQPHQW$LU)LOWUDWLRQ6\\VWHP 9)6 +/-,7$$&,QGH[1R
x
&RQWDLQPHQW5HFLUFXODWLRQ&RROLQJ6\\VWHP 9&6 +/-,7$$&,QGH[1R
6XSSRUWLQJ7HFKQLFDO'HWDLOV
7KHIXQFWLRQDODUUDQJHPHQW,7$$&GHVFULEHGDERYHDUHSURSRVHGWREHUHPRYHGEHFDXVH
RWKHU,7$DQG$&FRYHUWKH'&IRUHDFKIXQFWLRQDODUUDQJHPHQW,7$$&RUWKH'&LVRWKHUZLVH
SURYHQWREHXQQHFHVVDU\\6XEPLWWDORI,&1VEDVHGXSRQWKHFXUUHQW&2/$SSHQGL[& DQG
SODQWVSHFLILF7LHU LQIRUPDWLRQFUHDWHVUHJXODWRU\\LQHIILFLHQFLHVIRUWKH/LFHQVHHDQGWKH
15&VWDIIDVWKHFRQFOXVLRQVGUDZQLQWKHIXQFWLRQDODUUDQJHPHQW,&1LHWKDWWKHV\\VWHP
DRAFT 1
,QG
,QGH[1R
,QGH
$$& ,QGH[1
$$& ,QGH[1 7$$&,QGH[
HP =26 +/-,7$$&
=26 +/-,7$$&
RDFWLYH9HQWLODWLRQ6\\VW RDFWLYH9HQWLODWLRQ6\\VW
- DWHU6\\VWHP 9:6 +/-
WHU6\\VWHP 9:6 +/-
[LOLDU\\%XLOGLQJV1RQUD
[LOLDU\\%XLOGLQJV1R
,QGH[1R
,QGH[1R
HUDWRU%XLOGLQJ
HUDWRU%XLOGLQ
1' ;;;;
(QFORVXUH
5HTXHVWIRU/LFHQVH$PHQGPHQW )XQFWLRQDO$UUDQJHPHQW,7$$&2SWLPL]DWLRQ /$5
3DJHRI
LV EXLOW WR FRQIRUP ZLWK WKH GHVLJQ GHVFULSWLRQ LV YHULILHG E\\ WKH,7$$& ZKLFK WHVW WKH
IXQFWLRQDOLW\\RIWKHV\\VWHPDQGRUE\\RWKHUPHDQV
7KHSURSRVHG,7$$&FKDQJHVFRQWLQXHVWRPHHW&)53DUW$SSHQGL['DQGWKH&2/
$SSHQGL[& DQGSODQWVSHFLILF7LHU GHVLJQGHVFULSWLRQVWDEOHVDQGILJXUHVDQG&)5
IRU,7$$&FORVXUHQRWLILFDWLRQDQGFRPSOHWLRQ7KLVSURSRVHG,7$$&FKDQJHVGRQRW
PDNH WHFKQLFDO FKDQJHV WR WKH &2/ $SSHQGL[ & DQG SODQWVSHFLILF 7LHU GHVLJQ
GHVFULSWLRQVWDEOHVDQGILJXUHVEHFDXVHQR66&GHVLJQIXQFWLRQRUDQDO\\VLVGHVFULEHGLQ
WKH8)6$5LVEHLQJDIIHFWHG
&2/$SSHQGL[& DQGSODQWVSHFLILF7LHU LQIRUPDWLRQLVFRPSULVHGRIWKHGHVLJQLQIRUPDWLRQ
DQGIXQFWLRQVVXEMHFWWRYHULILFDWLRQE\\WKH,7$$&FORVXUHSURFHVV7KHSURSRVHGFKDQJHV
QHLWKHUDIIHFWWKHDELOLW\\WRPHHWGHVLJQFULWHULDRUIXQFWLRQVQRULQYROYHDGHFUHDVHLQWKHVDIHW\\
SURYLGHGE\\WKHDVVRFLDWHGV\\VWHPV&2/$SSHQGL[& DQGSODQWVSHFLILF7LHU ,7$$&
LQIRUPDWLRQZRXOGFRQWLQXHWRDGHTXDWHO\\YDOLGDWHWKHLUFRUUHVSRQGLQJ8)6$5 7LHU GHVLJQ
FRPPLWPHQWV7KHSURSRVHGFKDQJHVGRQRWLPSDFWDQ66&IXQFWLRQRUIHDWXUHXVHGLQWKH
SUHYHQWLRQRUPLWLJDWLRQRIDFFLGHQWVRUWKHLUVDIHW\\GHVLJQDQDO\\VHV7KHFKDQJHVGRQRW
DIIHFWDQ\\66&DFFLGHQWLQLWLDWRURULQLWLDWLQJVHTXHQFHRIHYHQWVRULQYROYHDQ\\VDIHW\\UHODWHG
66&RUIXQFWLRQXVHGWRPLWLJDWHDQDFFLGHQW
7KHSURSRVHGFKDQJHVGRQRWLQYROYHDFKDQJHWRDILVVLRQSURGXFWEDUULHU7KHFKDQJHVGR
QRWUHVXOWLQDQHZIDLOXUHPRGHPDOIXQFWLRQRUVHTXHQFHRIHYHQWVWKDWFRXOGDIIHFWVDIHW\\
7KHFKDQJHVZRXOGQRWDOORZIRUDQHZILVVLRQSURGXFWUHOHDVHSDWKUHVXOWLQDQHZILVVLRQ
SURGXFW EDUULHU IDLOXUH PRGH RU FUHDWH D QHZ VHTXHQFH RI HYHQWV WKDW ZRXOG UHVXOW LQ
VLJQLILFDQWIXHOFODGGLQJIDLOXUHV
7KH SURSRVHG FKDQJHV GR QRW DIIHFW DQ\\ VDIHW\\UHODWHG HTXLSPHQW GHVLJQ FRGH OLPLW
VDIHW\\UHODWHG IXQFWLRQ VDIHW\\UHODWHG GHVLJQ DQDO\\VLV VDIHW\\ DQDO\\VLV LQSXW RU UHVXOW RU
GHVLJQRUVDIHW\\PDUJLQ1RVDIHW\\DQDO\\VLVRUGHVLJQEDVLVDFFHSWDQFHOLPLWRUFULWHULRQZRXOG
EHFKDOOHQJHGRUH[FHHGHG
7KHSURSRVHGFKDQJHVGRQRWLQYROYHDWHFKQLFDO GHVLJQDQDO\\VLVIXQFWLRQRUTXDOLILFDWLRQ
FKDQJHHJWKHUHLVQRFKDQJHWRDQDVVRFLDWHGFDOFXODWLRQGHVLJQSDUDPHWHURUGHVLJQ
UHTXLUHPHQW7KHUHIRUHWKHFKDQJHVZRXOGQRWUHVXOWLQDGHFUHDVHLQSODQWVDIHW\\7KH
SURSRVHG FKDQJHV DVVRFLDWHG ZLWK WKLV OLFHQVH DPHQGPHQW UHTXHVW GR QRW DIIHFW WKH
FRQWDLQPHQWFRQWUROFKDQQHOLQJPRQLWRULQJSURFHVVLQJRUUHOHDVLQJRIUDGLRDFWLYHDQGQRQ
UDGLRDFWLYH PDWHULDOV 1R HIIOXHQW UHOHDVH SDWK LV LQYROYHG 7KH W\\SHV DQG TXDQWLWLHV RI
H[SHFWHG HIIOXHQWV DUH QRW FKDQJHG WKHUHIRUH UDGLRDFWLYH RU QRQUDGLRDFWLYH PDWHULDO
HIIOXHQWVVKRXOGQRWEHDIIHFWHG3ODQWUDGLDWLRQ]RQHV DVGHVFULEHGLQ8)6$56HFWLRQ
FRQWUROVXQGHU&)5DQGH[SHFWHGDPRXQWVDQGW\\SHVRIUDGLRDFWLYHPDWHULDOVDUHQRW
DIIHFWHGE\\WKHSURSRVHGFKDQJHV7KHUHIRUHLQGLYLGXDODQGFXPXODWLYHUDGLDWLRQH[SRVXUHV
ZLOOQRWFKDQJH
8)6$5&KDSWHU6HFWLRQDQG185(*6WDQGDUG5HYLHZ3ODQ 653 6HFWLRQ
GHILQHDQGGHVFULEHUHTXLUHPHQWVIRU,7$$&6SHFLILFDOO\\WKH\\LGHQWLI\\WKDWWKHSXUSRVH
RIWKH,7$$&LVWRYHULI\\WKDWDQDVEXLOWIDFLOLW\\FRQIRUPVWRWKHDSSURYHGSODQWGHVLJQDQG
DSSOLFDEOH UHJXODWLRQV 8)6$5 6XEVHFWLRQ GHVFULEHV WKH VHOHFWLRQ FULWHULD IRU
FHUWLILHGGHVLJQGHVFULSWLRQVDQG,7$$&7KHFKDQJHVSURSRVHGE\\WKLVUHTXHVWGRQRWOHVVHQ
WKHGHJUHHRIFRQIRUPLW\\QRUUHGXFHWKHVFRSHRIWKH,7$$&DVUHTXLUHGE\\WKH8)6$5RUWKH
DRAFT LQLQ DQGSOD DQG
RUUHVS RUUHVSRQGLQJ DQ66&IXQFWLRQ
Q66&IXQ
\\GHVLJQDQDO\\VHV7
\\GHVLJQDQDO\\V XHQFHRIHYH XHQFH QWVRULQYR RULQY FKDQJHWRDILVVLRQSURG FKDQJHWRDILV QFWLRQRUVHTXHQFHRI FWLRQRUVHTXHQF QHZILVVLRQSURGXFWUH ILVVLRQSURGXFWUH U FUHDWH D QHZ VHTXH D QHZ VHTXH V
V
GR QRW DIIHFW DQ\\ VD GR QRW DIIHFW DQ\\ VD
VDIHW\\UHODWHG GHVLJQ HW\\UHODWHG GHVLJQ JLQ1RVDIHW\\DQDO\\VLV
JLQ1RVDIHW\\D H[FHHGHG
H[FHHGHG
DQJHVGRQRWLQYROY DQJHVGRQRWLQ LVQRFKDQJH LVQRFKDQJ UHWKHF UHWKHF FLD FLD
1' ;;;;
(QFORVXUH
5HTXHVWIRU/LFHQVH$PHQGPHQW )XQFWLRQDO$UUDQJHPHQW,7$$&2SWLPL]DWLRQ /$5
3DJHRI
653EHFDXVHWKH,7$$&WKDWERXQGWKHIXQFWLRQDODUUDQJHPHQW,7$$&FRQWLQXHWRPHHWWKH
,7$$& VHOHFWLRQ FULWHULD DQG SURYLGH YHULILFDWLRQ WKDW WKH DVEXLOW IDFLOLW\\ FRQIRUPV WR WKH
DSSURYHGSODQWGHVLJQDQGDSSOLFDEOHUHJXODWLRQV
6XPPDU\\
7KH SURSRVHG FKDQJHV RSWLPL]H IXQFWLRQDO DUUDQJHPHQW,7$$& LQ &2/ $SSHQGL[ & DQG
SODQWVSHFLILF7LHU 7DEOHVE\\UHPRYLQJWKRVHIXQFWLRQDODUUDQJHPHQW7KHDERYHPHQWLRQHG
OLFHQVLQJ EDVLV FKDQJHV ZLOO DOVR UHVXOW LQ D FKDQJH WR WKH &2/ $SSHQGL[ & DQG
FRUUHVSRQGLQJSODQWVSHFLILF7LHU WDEOHRIFRQWHQWV7KHUHTXLUHGLQVSHFWLRQVWHVWVDQG
DQDO\\VHVWRVKRZWKHGHVLJQFRPPLWPHQWVDUHPHWDUHVWLOOEHLQJSHUIRUPHGDQGDVVXFKWKH
PDUJLQRIVDIHW\\LVQRWUHGXFHG
7(&+1,&$/(9$/8$7,21 ,QFOXGHGLQ6HFWLRQ
5(*8/$725<(9$/8$7,21
$SSOLFDEOH5HJXODWRU\\5HTXLUHPHQWV&ULWHULD
&)5 F UHTXLUHV15&DSSURYDOIRUDQ\\PRGLILFDWLRQWRDGGLWLRQWRRUGHOHWLRQ
IURPWKHWHUPVDQGFRQGLWLRQVRID&2/7KLVDFWLYLW\\LQYROYHVDGHSDUWXUHIURP&2/
$SSHQGL[&LQIRUPDWLRQDQGDFRUUHVSRQGLQJFKDQJHWRSODQWVSHFLILF7LHULQIRUPDWLRQ
WKHUHIRUHWKLVDFWLYLW\\UHTXLUHVDQDPHQGPHQWWRWKH&2/$FFRUGLQJO\\15&DSSURYDOLV
UHTXLUHGSULRUWRPDNLQJWKHSODQWVSHFLILFFKDQJHVLQWKLVOLFHQVHDPHQGPHQWUHTXHVW
&)5 I UHTXLUHV15&DSSURYDOIRUDQ\\PRGLILFDWLRQWRDGGLWLRQWRRUGHOHWLRQ
IURPWKHWHUPVDQGFRQGLWLRQVRID&2/7KLVDFWLYLW\\LQYROYHVDGHSDUWXUHIURP&2/
$SSHQGL[&LQIRUPDWLRQDQGDFRUUHVSRQGLQJFKDQJHWRSODQWVSHFLILF7LHULQIRUPDWLRQ
WKHUHIRUHWKLVDFWLYLW\\UHTXLUHVDQDPHQGPHQWWRWKH&2/$FFRUGLQJO\\15&DSSURYDOLV
UHTXLUHGSULRUWRPDNLQJWKHSODQWVSHFLILFFKDQJHVLQWKLVOLFHQVHDPHQGPHQWUHTXHVW
&)5 E UHTXLUHVWKDWWKH&RPPLVVLRQVKDOOLGHQWLI\\ZLWKLQWKHFRPELQHGOLFHQVH
WKHLQVSHFWLRQVWHVWVDQGDQDO\\VHVLQFOXGLQJWKRVHDSSOLFDEOHWRHPHUJHQF\\SODQQLQJ
WKDWWKHOLFHQVHHVKDOOSHUIRUPDQGWKHDFFHSWDQFHFULWHULDWKDWLIPHWDUHQHFHVVDU\\
DQGVXIILFLHQWWRSURYLGHUHDVRQDEOHDVVXUDQFHWKDWWKHIDFLOLW\\KDVEHHQFRQVWUXFWHGDQG
ZLOO EH RSHUDWHG LQ FRQIRUPLW\\ ZLWK WKH OLFHQVH WKH SURYLVLRQV RI WKH $FW DQG WKH
&RPPLVVLRQ V UXOHV DQG UHJXODWLRQV %DVHG RQ WKH WHFKQLFDO HYDOXDWLRQV SURYLGHG LQ
6HFWLRQDERYHWKHSURSRVHGFKDQJHVWRIXQFWLRQDODUUDQJHPHQW,7$$&FRQWLQXHWR
PHHWWKHUHTXLUHPHQWVRI&)5 E
3UHFHGHQW
1RSUHFHGHQWLVLGHQWLILHG
DRAFT HULD
HULD
DOIRUDQ\\PRGLILFDWLRQW IRUDQ\\PRG
&2/7KLVDFWLYLW\\LQYR 7KLVDFW HVSRQGLQJFKDQJHWRS HVSRQGLQJFKDQJ QDPHQGPHQWWRWKH&2 PHQGPHQWWRWKH&
ODQWVSHFLILFFKDQJHVLQ HFLILFFKDQJHVLQ V15&DSSURYDOIRUDQ\\
V15&DSSURYDOI RQGLWLRQVRID&2/7K RQGLWLRQVRID&2/
WLRQDQGDFRUUHVSRQG QDQGDFRUUHVSRQG WLYLW\\UHTXLUHVDQDPHQ WLYLW\\UHTXLUHV
WRPDNLQJWKHSODQWVSH WRPDNLQJWKHSODQ
E UHTXLUHVWKDWWK
E UHTXLUHVWK VWHVWVDQGDQ VWHVWVDQGD VKDOOSHUI VKDOOSHUI YLGH
YLGH
1' ;;;;
(QFORVXUH
5HTXHVWIRU/LFHQVH$PHQGPHQW )XQFWLRQDO$UUDQJHPHQW,7$$&2SWLPL]DWLRQ /$5
3DJHRI
6LJQLILFDQW+D]DUGV&RQVLGHUDWLRQ'HWHUPLQDWLRQ
7KH SURSRVHG FKDQJHV ZRXOG UHTXLUH QRQWHFKQLFDO FKDQJHV WR &2/ $SSHQGL[ &
LQIRUPDWLRQ 7KHVH FKDQJHV UHPRYH D QXPEHU RI IXQFWLRQDO DUUDQJHPHQW,7$$& WR
LPSURYHHIILFLHQF\\RIWKH,7$$&FRPSOHWLRQDQGFORVXUHSURFHVV
$QHYDOXDWLRQWRGHWHUPLQHZKHWKHURUQRWDVLJQLILFDQWKD]DUGVFRQVLGHUDWLRQLVLQYROYHG
ZLWKWKHSURSRVHGDPHQGPHQWZDVFRPSOHWHGE\\IRFXVLQJRQWKHWKUHHVWDQGDUGVVHW
IRUWKLQ&)5 ³,VVXDQFHRIDPHQGPHQW'DVGLVFXVVHGEHORZ
'RHV WKH SURSRVHG DPHQGPHQW LQYROYH D VLJQLILFDQW LQFUHDVH LQ WKH
SUREDELOLW\\RUFRQVHTXHQFHVRIDQDFFLGHQWSUHYLRXVO\\HYDOXDWHG"
5HVSRQVH 1R
7KHSURSRVHGQRQWHFKQLFDOFKDQJHWR&2/$SSHQGL[&ZLOOUHPRYHDQXPEHURI
IXQFWLRQDODUUDQJHPHQW,7$$&WRLPSURYHHIILFLHQF\\RIWKH,7$$&FRPSOHWLRQDQG
FORVXUHSURFHVV1RVWUXFWXUHV\\VWHPRUFRPSRQHQW 66& GHVLJQRUIXQFWLRQLV
DIIHFWHG1RGHVLJQRUVDIHW\\DQDO\\VLVLVDIIHFWHG7KHSURSRVHGFKDQJHVGRQRW
DIIHFWDQ\\DFFLGHQWLQLWLDWLQJHYHQWRUFRPSRQHQWIDLOXUHWKXVWKHSUREDELOLWLHVRI
WKHDFFLGHQWVSUHYLRXVO\\HYDOXDWHGDUHQRWDIIHFWHG1RIXQFWLRQXVHGWRPLWLJDWH
DUDGLRDFWLYHPDWHULDOUHOHDVHDQGQRUDGLRDFWLYHPDWHULDOUHOHDVHVRXUFHWHUPLV
LQYROYHGWKXVWKHUDGLRORJLFDOUHOHDVHVLQWKHDFFLGHQWDQDO\\VHVDUHQRWDIIHFWHG
7KHUHIRUHWKHSURSRVHGDPHQGPHQWGRHVQRWLQYROYHDVLJQLILFDQWLQFUHDVHLQWKH
SUREDELOLW\\RUFRQVHTXHQFHVRIDQDFFLGHQWSUHYLRXVO\\HYDOXDWHG
'RHVWKHSURSRVHGDPHQGPHQWFUHDWHWKHSRVVLELOLW\\RIDQHZRUGLIIHUHQW
NLQGRIDFFLGHQWIURPDQ\\DFFLGHQWSUHYLRXVO\\HYDOXDWHG"
5HVSRQVH 1R
7KHSURSRVHGFKDQJHVWR&2/$SSHQGL[&GRQRWDIIHFWWKHGHVLJQRUIXQFWLRQRI
DQ\\66&EXWZLOOUHPRYHDQXPEHURIIXQFWLRQDODUUDQJHPHQW,7$$&WRLPSURYH
HIILFLHQF\\RIWKH,7$$&FRPSOHWLRQDQGFORVXUHSURFHVV7KHSURSRVHGFKDQJHV
ZRXOGQRWLQWURGXFHDQHZIDLOXUHPRGHIDXOWRUVHTXHQFHRIHYHQWVWKDWFRXOG
UHVXOWLQDUDGLRDFWLYHPDWHULDOUHOHDVH
7KHUHIRUHWKHSURSRVHGDPHQGPHQWGRHVQRWFUHDWHWKHSRVVLELOLW\\RIDQHZRU
GLIIHUHQWNLQGRIDFFLGHQWIURPDQ\\DFFLGHQWSUHYLRXVO\\HYDOXDWHG
'RHVWKHSURSRVHGDPHQGPHQWLQYROYHDVLJQLILFDQWUHGXFWLRQLQDPDUJLQ
RIVDIHW\\"
5HVSRQVH 1R
7KHSURSRVHGFKDQJHVWR&2/$SSHQGL[&ZLOOUHPRYHDQXPEHURIIXQFWLRQDO
DUUDQJHPHQW,7$$&WRLPSURYHHIILFLHQF\\RIWKH,7$$&FRPSOHWLRQDQGFORVXUH
SURFHVVDQGZRXOGQRWDIIHFWDQ\\GHVLJQSDUDPHWHUIXQFWLRQRUDQDO\\VLV7KHUH
ZRXOG EH QR FKDQJH WR DQ H[LVWLQJ GHVLJQ EDVLV GHVLJQ IXQFWLRQ UHJXODWRU\\
DRAFT
/$SSHQGL[&Z
/$SSHQG HHIILFLHQF\\RIWKH,7$
HHIILFLHQF\\RI
RUFRPSRQHQW 66&
RUFRPSRQHQW 66 VLVLVDIIHFWHG7KHSUR VLVLVDIIHFWHG7KHSUR QWRUFRPSRQHQWIDLOXUH RUFRPSRQH DWHGDUHQRWDIIHFWHG
HQRWD HDQGQRUDGLRDFWLYHP HDQGQRUDGLRDF JLFDOUHOHDVHVLQWKHDF OUHOHDVHVLQWKHD VHGDPHQGPHQWGRHVQ VHGDPHQGPHQWGRHVQ VHTXHQFHVRIDQDFFLGH VHTXHQFHVRIDQD RSRVHGDPHQGPHQWF RVHGDPHQGPHQWF FLGHQWIURPDQ\\DFFLG FLGHQWIURPD RQVH 1R
RQVH D
SRVHGFKDQJHV
SRVHGFKDQJH EXWZLOOUHP EXWZLOOUHP WKH,7 WKH,7
1' ;;;;
(QFORVXUH
5HTXHVWIRU/LFHQVH$PHQGPHQW )XQFWLRQDO$UUDQJHPHQW,7$$&2SWLPL]DWLRQ /$5
3DJH RI
FULWHULRQ RU DQDO\\VLV 1R VDIHW\\ DQDO\\VLV RU GHVLJQ EDVLV DFFHSWDQFH OLPLW RU
FULWHULRQLVLQYROYHG
7KHUHIRUHWKHSURSRVHGDPHQGPHQWGRHVQRWLQYROYHDVLJQLILFDQWUHGXFWLRQLQD
PDUJLQRIVDIHW\\
%DVHG RQ WKH DERYH LW LV FRQFOXGHG WKDW WKH SURSRVHG DPHQGPHQW GRHV QRW LQYROYH D
VLJQLILFDQW KD]DUGV FRQVLGHUDWLRQ XQGHU WKH VWDQGDUGV VHW IRUWK LQ &)5 F DQG
DFFRUGLQJO\\DILQGLQJRI³QRVLJQLILFDQWKD]DUGVFRQVLGHUDWLRQ'LVMXVWLILHG
&RQFOXVLRQV
,Q FRQFOXVLRQ EDVHG RQ WKH FRQVLGHUDWLRQV GLVFXVVHG DERYH WKHUH LV UHDVRQDEOH
DVVXUDQFHWKDWWKHKHDOWKDQGVDIHW\\RIWKHSXEOLFZLOOQRWEHHQGDQJHUHGE\\RSHUDWLRQLQWKH
SURSRVHGPDQQHU VXFKDFWLYLWLHVZLOOEHFRQGXFWHGLQFRPSOLDQFHZLWKWKH&RPPLVVLRQ¶V
UHJXODWLRQVDQG WKHLVVXDQFHRIWKHDPHQGPHQWZLOOQRWEHLQLPLFDOWRWKHFRPPRQGHIHQVH
DQGVHFXULW\\RUWRWKHKHDOWKDQGVDIHW\\RIWKHSXEOLF3XUVXDQWWR&)5 WKHUHTXHVWHG
FKDQJHGRHVQRWLQYROYHD6LJQLILFDQW+D]DUGV&RQVLGHUDWLRQ'HWHUPLQDWLRQ
(19,5210(17$/&216,'(5$7,216
7KHSURSRVHGFKDQJHVZRXOGUHTXLUHQRQWHFKQLFDOFKDQJHVWR&2/$SSHQGL[&LQIRUPDWLRQ
7KHFKDQJHVUHPRYHDQXPEHURIIXQFWLRQDODUUDQJHPHQW,7$$&WRLPSURYHHIILFLHQF\\RIWKH
,7$$&FRPSOHWLRQDQGFORVXUHSURFHVV
$ UHYLHZ KDV GHWHUPLQHG WKDW WKH DQWLFLSDWHG FRQVWUXFWLRQ DQG RSHUDWLRQDO HIIHFWV RI WKH
SURSRVHGDPHQGPHQWPHHWWKHHOLJLELOLW\\FULWHULDIRUFDWHJRULFDOH[FOXVLRQVHWIRUWKLQ&)5
F LQWKDW
(i)
There is no significant hazards consideration.
$VGRFXPHQWHGLQ6HFWLRQ6LJQLILFDQW+D]DUGV&RQVLGHUDWLRQ'HWHUPLQDWLRQRIWKLV
OLFHQVHDPHQGPHQWUHTXHVWDQHYDOXDWLRQZDVFRPSOHWHGWRGHWHUPLQHZKHWKHURUQRWD
VLJQLILFDQWKD]DUGVFRQVLGHUDWLRQLVLQYROYHGE\\IRFXVLQJRQWKHWKUHHVWDQGDUGVVHWIRUWK
LQ &)5 ³,VVXDQFH RI DPHQGPHQW' 7KH 6LJQLILFDQW +D]DUGV &RQVLGHUDWLRQ
'HWHUPLQDWLRQ GHWHUPLQHG WKDW WKH SURSRVHG DPHQGPHQW GRHV QRW LQYROYH D
VLJQLILFDQW LQFUHDVH LQ WKH SUREDELOLW\\ RU FRQVHTXHQFHV RI DQ DFFLGHQW SUHYLRXVO\\
HYDOXDWHG WKH SURSRVHG DPHQGPHQW GRHV QRW FUHDWH WKH SRVVLELOLW\\ RI D QHZ RU
GLIIHUHQWNLQGRIDFFLGHQWIURPDQ\\DFFLGHQWSUHYLRXVO\\HYDOXDWHG DQG WKHSURSRVHG
DPHQGPHQWGRHVQRWLQYROYHDVLJQLILFDQWUHGXFWLRQLQDPDUJLQRIVDIHW\\7KHUHIRUHLW
LV FRQFOXGHG WKDW WKH SURSRVHG DPHQGPHQW GRHV QRW LQYROYH D VLJQLILFDQW KD]DUGV
FRQVLGHUDWLRQXQGHUWKHVWDQGDUGVVHWIRUWKLQ&)5 F DQGDFFRUGLQJO\\DILQGLQJ
RI³QRVLJQLILFDQWKD]DUGVFRQVLGHUDWLRQ'LVMXVWLILHG
(ii)
There is no significant change in the types or significant increase in the amounts of any effluents that may be released offsite.
7KH SURSRVHG FKDQJH WR &2/ $SSHQGL[ & WR LV UHPRYH D QXPEHU RI IXQFWLRQDO
DUUDQJHPHQW,7$$&WRFUHDWHDPRUHHIILFLHQWSURFHVVIRUWKH,7$$&&ORVXUH1RWLILFDWLRQ
VXEPLWWDOV7KHSURSRVHGFKDQJHVDUHXQUHODWHGWRDQ\\DVSHFWRISODQWFRQVWUXFWLRQRU
DRAFT H
HHQGD HQ
FRPSOLDQF
FRP QRWEH
QRWEHLQLPLFDOW LQ 3XUVXD 3XUV QWWR&)5
WR
RQVLGHUDWLRQ'HW RQVLGHUDWLRQ'HWHUPLQD HUP RQWHFKQLFDOFKDQJHVWR RQWHFKQLFDOFKDQ QFWLRQDODUUDQJHPHQW,7 RQDODUUDQJHPHQW
FHVV
DW WKH DQWLFLSDWHG FRQ DW WKH DQWLFLSDWHG HWWKHHOLJLELOLW\\FULWHULDI HWWKHHOLJLELOLW\\FULWHULD gnificant hazards consid gnificant hazards c QWHGLQ6HFWLRQ6 QWHGLQ6HFWLRQ6 GPHQWUHTXHVWD GPHQWUHTXHVW
GVFRQVLGH GVFRQVLGH
³,VVXD
³,VVXD
1' ;;;;
(QFORVXUH
5HTXHVWIRU/LFHQVH$PHQGPHQW )XQFWLRQDO$UUDQJHPHQW,7$$&2SWLPL]DWLRQ /$5
3DJHRI
RSHUDWLRQWKDWZRXOGLQWURGXFHDQ\\FKDQJHWRHIIOXHQWW\\SHV HJHIIOXHQWVFRQWDLQLQJ
FKHPLFDOVRUELRFLGHVVDQLWDU\\V\\VWHPHIIOXHQWVDQGRWKHUHIIOXHQWV RUDIIHFWDQ\\SODQW
UDGLRORJLFDORUQRQUDGLRORJLFDOHIIOXHQWUHOHDVHTXDQWLWLHV)XUWKHUPRUHWKHSURSRVHG
FKDQJHVGRQRWDIIHFWDQ\\HIIOXHQWUHOHDVHSDWKRUGLPLQLVKWKHIXQFWLRQDOLW\\RIDQ\\GHVLJQ
RURSHUDWLRQDOIHDWXUHVWKDWDUHFUHGLWHGZLWKFRQWUROOLQJWKHUHOHDVHRIHIIOXHQWVGXULQJ
SODQW RSHUDWLRQ 7KHUHIRUH LW LV FRQFOXGHG WKDW WKH SURSRVHG DPHQGPHQW GRHV QRW
LQYROYHDVLJQLILFDQWFKDQJHLQWKHW\\SHVRUDVLJQLILFDQWLQFUHDVHLQWKHDPRXQWVRIDQ\\
HIIOXHQWVWKDWPD\\EHUHOHDVHGRIIVLWH
(iii)
There is no significant increase in individual or cumulative occupational radiation exposure.
7KH SURSRVHG FKDQJH WR &2/ $SSHQGL[ & LV WR UHPRYH D QXPEHU RI IXQFWLRQDO
DUUDQJHPHQW,7$$&WRFUHDWHDPRUHHIILFLHQWSURFHVVIRUWKH,7$$&&ORVXUH1RWLILFDWLRQ
VXEPLWWDOV3ODQWUDGLDWLRQ]RQHV DGGUHVVHGLQ8)6$56HFWLRQ DUHQRWDIIHFWHG
DQGFRQWUROVXQGHU&)5SUHFOXGHDVLJQLILFDQWLQFUHDVHLQRFFXSDWLRQDOUDGLDWLRQ
H[SRVXUH7KHUHIRUHWKHSURSRVHGDPHQGPHQWGRHVQRWLQYROYHDVLJQLILFDQWLQFUHDVH
LQLQGLYLGXDORUFXPXODWLYHRFFXSDWLRQDOUDGLDWLRQH[SRVXUH
%DVHG RQ WKH DERYH UHYLHZ RI WKH SURSRVHG DPHQGPHQW LW KDV EHHQ GHWHUPLQHG WKDW
DQWLFLSDWHGFRQVWUXFWLRQDQGRSHUDWLRQDOLPSDFWVRIWKHSURSRVHGDPHQGPHQWGRQRWLQYROYH
L D VLJQLILFDQW KD]DUGV FRQVLGHUDWLRQ LL D VLJQLILFDQW FKDQJH LQ WKH W\\SHV RU VLJQLILFDQW
LQFUHDVHLQWKHDPRXQWVRIDQ\\HIIOXHQWVWKDWPD\\EHUHOHDVHGRIIVLWHRU LLL DVLJQLILFDQW
LQFUHDVHLQWKHLQGLYLGXDORUFXPXODWLYHRFFXSDWLRQDOUDGLDWLRQH[SRVXUH$FFRUGLQJO\\WKH
SURSRVHGDPHQGPHQWPHHWVWKHHOLJLELOLW\\FULWHULDIRUFDWHJRULFDOH[FOXVLRQVHWIRUWKLQ&)5
F 7KHUHIRUHSXUVXDQWWR&)5 E DQHQYLURQPHQWDOLPSDFWVWDWHPHQWRU
HQYLURQPHQWDODVVHVVPHQWRIWKHSURSRVHGH[HPSWLRQLVQRWUHTXLUHG
5()(5(1&(6
5HJXODWRU\\*XLGH5HYLVLRQ³&RPELQHG/LFHQVH$SSOLFDWLRQVIRU1XFOHDU3RZHU
3ODQWV'
1(,5HYLVLRQ&RUUHFWHG³,QGXVWU\\*XLGHOLQHIRUWKH,7$$&&ORVXUH3URFHVV
XQGHU&)53DUW'
DRAFT PR PR IRUWKH
IRUWK 6$56HFWLRQ 6$5
FDQWLQFUHDVHLQ FDQWLQFUHD
R QWGRHVQRWLQYROYHD QWGRHVQRWLQYR DWLRQH[SRVXUH
DWLRQH[SRVXUH
RVHG DPHQGPHQW LW K G DPHQGP LPSDFWVRIWKHSURSRVH PSDFWVRIWKH Q LL D VLJQLILFDQW FKD
LL D VLJQLILFDQW
OXHQWVWKDWPD\\EHUHO WVWKDWPD\\EHUH PXODWLYHRFFXSDWLRQDOUD RFFXSDWLRQDOU KHHOLJLELOLW\\FULWHULDIRUF KHHOLJLELOLW\\FULWHU VXDQWWR&)5
VXDQWWR&)5
QWRIWKHSURSRVHGH[HP WRIWKHSURSRVHGH[H
- XLGH5HYLVLRQ
- XLGH5HYLVLRQ
Q&R Q&R
'
'
6RXWKHUQ1XFOHDU2SHUDWLQJ&RPSDQ\\
1'
(QFORVXUH
9RJWOH(OHFWULF*HQHUDWLQJ3ODQW 9(*3 8QLWVDQG
([HPSWLRQ5HTXHVW
)XQFWLRQDO$UUDQJHPHQW,7$$&2SWLPL]DWLRQ /$5
7KLV(QFORVXUHFRQVLVWVRISDJHVLQFOXGLQJWKLVFRYHUSDJH
DRAFT 3ODQW 9(*3 8QLWV
DQW 9(*3
([HPSWLRQ5HTXH
([HPSWLRQ5
$UUDQJHPHQW,7$$&
$UUDQJHPHQW,7$$&
1' ;;;;
(QFORVXUH
([HPSWLRQ5HTXHVW )XQFWLRQDO$UUDQJHPHQW,7$$&2SWLPL]DWLRQ /$5
3DJHRI
3XUSRVH
6RXWKHUQ 1XFOHDU 2SHUDWLQJ &RPSDQ\\ 61& WKH /LFHQVHH UHTXHVWV D SHUPDQHQW
H[HPSWLRQIURPWKHSURYLVLRQVRI&)5$SSHQGL['6HFWLRQ,,,%³'HVLJQ&HUWLILFDWLRQ
5XOHIRUWKH$3'HVLJQ6FRSHDQG&RQWHQWV'WRDOORZDGHSDUWXUHIURPHOHPHQWVRI
WKHFHUWLILHGLQIRUPDWLRQLQ7LHURIWKHJHQHULF$3'HVLJQ&RQWURO'RFXPHQW '&'
7KHUHJXODWLRQ&)5$SSHQGL['6HFWLRQ,,,%UHTXLUHVDQDSSOLFDQWRUOLFHQVHH
UHIHUHQFLQJ$SSHQGL['WR&)53DUWWRLQFRUSRUDWHE\\UHIHUHQFHDQGFRPSO\\ZLWKWKH
UHTXLUHPHQWV RI $SSHQGL[ ' LQFOXGLQJ FHUWLILFDWLRQ LQIRUPDWLRQ LQ '&' 7LHU 7LHU
LQFOXGHV,7$$&WKDWPXVWEHVDWLVIDFWRULO\\SHUIRUPHGSULRUWRIXHOORDG7KHGHVLJQGHWDLOV
WREHYHULILHGE\\WKHVH,7$$&DUHVSHFLILHGLQWKHWH[WWDEOHVDQGILJXUHVWKDWDUHUHIHUHQFHG
LQ HDFK LQGLYLGXDO,7$$& 7KH JHQHULF 7LHU LQIRUPDWLRQ IURP ZKLFK DQ H[HPSWLRQ LV
UHTXHVWHGLQFOXGHVWKHSODQWVSHFLILF7LHULQIRUPDWLRQGHVFULEHGEHORZIRUWKHSURSRVHG
FKDQJHV
7KHIROORZLQJSODQWVSHFLILF,7$$&LWHPVDUHSURSRVHGWREHLGHQWLILHGDV³1RW
8VHG'LQWKHLGHQWLILHGSODQWVSHFLILF7LHUWDEOHVDVVKRZQLQ(QFORVXUHRI
WKLVOHWWHU
7LHU7DEOH,7$$&,WHP+/-)+6)XQFWLRQDO$UUDQJHPHQW
7LHU7DEOH,7$$&,WHP+/-&&6)XQFWLRQDO$UUDQJHPHQW
7LHU7DEOH,7$$&,WHP+/-&96)XQFWLRQDO$UUDQJHPHQW
7LHU7DEOH,7$$&,WHP+/-'26)XQFWLRQDO$UUDQJHPHQW
7LHU7DEOH,7$$&,WHP+/-)36)XQFWLRQDO$UUDQJHPHQW
7LHU7DEOH,7$$&,WHP+/-0+6)XQFWLRQDO$UUDQJHPHQW
7LHU7DEOH,7$$&,WHP+/-516)XQFWLRQDO$UUDQJHPHQW
7LHU7DEOH,7$$&,WHP+/-6)6)XQFWLRQDO$UUDQJHPHQW
7LHU7DEOH,7$$&,WHP+/-6:6)XQFWLRQDO$UUDQJHPHQW
7LHU7DEOH ,7$$&,WHP+/-9/6)XQFWLRQDO$UUDQJHPHQW
7LHU7DEOH,7$$&,WHP+/-:/6)XQFWLRQDO$UUDQJHPHQW
7LHU7DEOH,7$$&,WHP+/-:*6)XQFWLRQDO$UUDQJHPHQW
7LHU7DEOH,7$$&,WHP+/-:66)XQFWLRQDO$UUDQJHPHQW
7LHU7DEOH,7$$&,WHP+/-366)XQFWLRQDO$UUDQJHPHQW
7LHU7DEOH,7$$&,WHP+/-':6)XQFWLRQDO$UUDQJHPHQW
7LHU7DEOH,7$$&,WHP+/-&$6)XQFWLRQDO$UUDQJHPHQW
7LHU7DEOH ,7$$&,WHP+/-:56)XQFWLRQDO$UUDQJHPHQW
7LHU7DEOH,7$$&,WHP+/-):6)XQFWLRQDO$UUDQJHPHQW
7LHU7DEOH,7$$&,WHP+/-076)XQFWLRQDO$UUDQJHPHQW
7LHU7DEOH,7$$&,WHP+/-&'6)XQFWLRQDO$UUDQJHPHQW
7LHU7DEOH,7$$&,WHP+/-,,6)XQFWLRQDO$UUDQJHPHQW
7LHU7DEOH,7$$&,WHP+/-606)XQFWLRQDO$UUDQJHPHQW
7LHU7DEOH ,7$$&,WHP+/-6-6)XQFWLRQDO$UUDQJHPHQW
7LHU7DEOH,7$$&,WHP+/-(&6)XQFWLRQDO$UUDQJHPHQW
7LHU7DEOH,7$$&,WHP+/-=26)XQFWLRQDO$UUDQJHPHQW
7LHU7DEOH,7$$&,WHP+/-9%6)XQFWLRQDO$UUDQJHPHQW
7LHU7DEOH,7$$&,WHP+/-9:6)XQFWLRQDO$UUDQJHPHQW
7LHU7DEOH,7$$&,WHP+/-9;6)XQFWLRQDO$UUDQJHPHQW
7LHU7DEOH,7$$&,WHP+/-9=6)XQFWLRQDO$UUDQJHPHQW
DRAFT WREHLGHQWLI WREH VVKRZQ
VKRZQLQ(QFORV LQ
)XQFWLRQDO$UUDQJHP
)XQFWLRQDO$UUDQJHPHQ HQ 6)XQFWLRQDO$UUDQJHP
)XQFWLRQDO$
&96)XQFWLRQDO$UUDQJ QFWLRQ
+/-'26)XQFWLRQDO$UUD
+/-'26)XQFWLRQD P+/-)36)XQFWLRQDO$
+/-)36)XQFWLRQDO$
WHP+/-0+6)XQFWLRQD 0+6)XQFWLRQ
&,WHP+/-516)XQFWLR
&,WHP+/-516)
$$&,WHP+/-6)6)XQ
$$&,WHP+/-6)6)
,7$$&,WHP+/-6:6)
7$$&,WHP+/-6:6)
,7$$&,WHP+/-9/6
,7$$&,WHP+/-9/6
,7$$&,WHP+/-
,7$$&,WHP
,7$$&,WHP
,7$$&,WHP
,7$$&,WH
,7$$&
,7$$&
,7$$&
,7$$
,7$$
,7
,7
1' ;;;;
(QFORVXUH
([HPSWLRQ5HTXHVW )XQFWLRQDO$UUDQJHPHQW,7$$&2SWLPL]DWLRQ /$5
3DJHRI
7LHU7DEOH,7$$&,WHP+/-9$6)XQFWLRQDO$UUDQJHPHQW
7LHU7DEOH,7$$&,WHP+/-9)6)XQFWLRQDO$UUDQJHPHQW
7LHU7DEOH,7$$&,WHP+/-9&6)XQFWLRQDO$UUDQJHPHQW
7KLVUHTXHVWIRUH[HPSWLRQSURYLGHVWKHWHFKQLFDODQGUHJXODWRU\\EDVLVWRGHPRQVWUDWHWKDW
&)5DQGUHTXLUHPHQWVDUHPHWDQGZLOODSSO\\WKHUHTXLUHPHQWVRI
&)5$SSHQGL['6HFWLRQ9,,,$WRDOORZGHSDUWXUHVIURPJHQHULF7LHULQIRUPDWLRQ
GXHWRSURSRVHGFRQVROLGDWLRQUHORFDWLRQDQGHOLPLQDWLRQRI,7$$&
%DFNJURXQG
7KH/LFHQVHHLVWKHKROGHURI&RPELQHG/LFHQVH1RV13) DQG13) ZKLFKDXWKRUL]H
FRQVWUXFWLRQDQGRSHUDWLRQRIWZR:HVWLQJKRXVH(OHFWULF&RPSDQ\\$3QXFOHDUSODQWV
QDPHG9RJWOH(OHFWULF*HQHUDWLQJ3ODQW 9(*3 8QLWVDQGUHVSHFWLYHO\\7KHSURSRVHG
FKDQJHV ZRXOG UHPRYH D QXPEHU RI IXQFWLRQDO DUUDQJHPHQW,7$$& FRQWDLQHG LQ SODQW
VSHFLILF7LHU
'XULQJ SUHSDUDWLRQ DQG VXEPLWWDO RI,7$$& &ORVXUH 1RWLILFDWLRQV ,&1V DQG WKURXJK
IHHGEDFNE\\WKH&RPPLVVLRQGXULQJUHYLHZRIWKH,&1V61&LGHQWLILHGHIILFLHQFLHVWRWKH
,&1 VXEPLWWDO SURFHVV LQFOXGLQJ,7$$& ZKLFK FRQWDLQ UHGXQGDQW LQIRUPDWLRQ DQG DUH
SURSRVHGWREHUHPRYHG6XEPLWWDORI,&1VEDVHGXSRQWKHFXUUHQWSODQWVSHFLILF7LHU
LQIRUPDWLRQFUHDWHVDGGLWLRQDOUHJXODWRU\\EXUGHQRQWKH/LFHQVHHDQGWKH15&VWDII7KH
LGHQWLILHGHIILFLHQFLHVZRXOGUHPRYHDQXPEHURIIXQFWLRQDODUUDQJHPHQW,7$$&WRLPSURYH
HIILFLHQF\\RIWKH,7$$&FRPSOHWLRQDQGFORVXUHSURFHVV7KLVDFWLYLW\\UHTXHVWVH[HPSWLRQ
IURPWKH*HQHULF'&'7LHUWDEOHVZKLFKVXSSRUWWKHDVVRFLDWHG&2/$SSHQGL[&,7$$&
$QH[HPSWLRQIURPHOHPHQWVRIWKH$3FHUWLILHG 7LHU GHVLJQLQIRUPDWLRQLVUHTXHVWHG
WRDOORZSODQWVSHFLILFGHSDUWXUHVWREHWDNHQIURPWKH7LHU,7$$&7DEOHVOLVWHGLQ6HFWLRQ
RIWKLV(QFORVXUH
7HFKQLFDO-XVWLILFDWLRQRI$FFHSWDELOLW\\
$QH[HPSWLRQLVUHTXHVWHGWRGHSDUWIURP$3*HQHULF'&'7LHUPDWHULDOLQUHJDUG
WR WKH $3 E\\ UHPRYLQJ,7$$& WKDW FRQWDLQ UHGXQGDQW LQIRUPDWLRQ 7KH SURSRVHG
,7$$&FKDQJHVFRQWLQXHWRPHHWWKHLQWHQWRI&)53DUW$SSHQGL['DQGSODQW
VSHFLILF7LHUGHVLJQGHVFULSWLRQVWDEOHVDQGILJXUHV7KHSURSRVHGH[HPSWLRQZRXOG
DOORZDFKDQJHWRWKHSODQWVSHFLILF7LHU,7$$&LQIRUPDWLRQFRQVLVWHQWZLWKH[LVWLQJSODQW
VSHFLILF'&'7LHULQIRUPDWLRQ7KHSURSRVHGFKDQJHVWRWKHGHVFULSWLRQLQIRUPDWLRQ
SUHVHQWHG LQ SODQWVSHFLILF 7LHU DUH DW D OHYHO RI GHWDLO WKDW LV FRQVLVWHQW ZLWK WKH
LQIRUPDWLRQFXUUHQWO\\SURYLGHGWKHUHLQ
7KHSURSRVHGFKDQJHVQHLWKHUDGYHUVHO\\LPSDFWWKHDELOLW\\WRPHHWWKHGHVLJQIXQFWLRQVRI
WKH66&VQRULQYROYHDVLJQLILFDQWGHFUHDVHLQWKHOHYHORIVDIHW\\SURYLGHGE\\WKHVWUXFWXUHV
V\\VWHPVRUFRPSRQHQWV%HFDXVHWKHSURSRVHGFKDQJHVDUHFRQVLVWHQWZLWKSODQWVSHFLILF
'&'7LHULQIRUPDWLRQDQGWKHGHVLJQWKHFKDQJHVGRQRWDIIHFWDVWUXFWXUHV\\VWHPRU
FRPSRQHQW7KHSURSRVHGFKDQJHVWRLQIRUPDWLRQLQSODQWVSHFLILF'&'7LHUFRQWLQXHWR
SURYLGHWKHGHWDLOQHFHVVDU\\WRLPSOHPHQWWKHFRUUHVSRQGLQJ,7$$&
DRAFT G
G
HPHQW,7 HPHQ RVXUH 1RWLILFDWLRQV RVXUH 1RWLILFDWLR
,
I WKH,&1V61&LGHQW I WKH,&1V61&LGHQ LI ZKLFK FRQWDLQ UHGXQGD ZKLFK FRQWDLQ UHGXQGD
&1VEDVHGXSRQWKHF EDVHGXS U\\EXUGHQRQWKH/LFHQ U\\EXUGHQRQWK DQXPEHURIIXQFWLRQDO QXPEHURIIXQFWLR RQDQGFORVXUHSURFHVV GFORVXUHSURFHVV DEOHVZKLFKVXSSRUWWKH EOHVZKLFKVXSSRUWWKH QWVRIWKH$3FHUWLI QWVRIWKH$3FH HSDUWXUHVWREHWDNHQI SDUWXUHVWREHWDNHQI
VWLILFDWLRQRI$FFHSWD VWLILFDWLRQRI$FFHSWD HTXHVWHGWR
HTXHVWHGWR HPRYLQ HPRYLQ XH XH
1' ;;;;
(QFORVXUH
([HPSWLRQ5HTXHVW )XQFWLRQDO$UUDQJHPHQW,7$$&2SWLPL]DWLRQ /$5
3DJHRI
'HWDLOHGWHFKQLFDOMXVWLILFDWLRQVXSSRUWLQJWKLVUHTXHVWIRUH[HPSWLRQLVSURYLGHGLQ6HFWLRQ
RIWKHDVVRFLDWHG/LFHQVH$PHQGPHQW5HTXHVWLQ(QFORVXUHRIWKLVOHWWHU
-XVWLILFDWLRQRI([HPSWLRQ
&)5$SSHQGL['6HFWLRQ9,,,$&)5 E DQG I JRYHUQWKH
LVVXDQFHRIH[HPSWLRQVIURPHOHPHQWVRIWKHFHUWLILHGGHVLJQLQIRUPDWLRQIRU$3QXFOHDU
SRZHUSODQWV6LQFH61&KDVLGHQWLILHGFKDQJHVWRWKH7LHULQIRUPDWLRQUHODWHGWRWKH
VWUXFWXUHVDVDUHVXOWRIIXUWKHUGHVLJQUHYLHZDFWLYLWLHVDQH[HPSWLRQWRWKHFHUWLILHGGHVLJQ
LQIRUPDWLRQLQ7LHULVQHHGHG
&)5$SSHQGL['DQG&)5DQGVWDWHWKDWWKH15&PD\\
JUDQWH[HPSWLRQVIURPWKHUHTXLUHPHQWVRIWKHUHJXODWLRQVSURYLGHGVL[FRQGLWLRQVDUHPHW
WKHH[HPSWLRQLVDXWKRUL]HGE\\ODZ> D @ WKHH[HPSWLRQZLOOQRWSUHVHQWDQ
XQGXHULVNWRWKHKHDOWKDQGVDIHW\\RIWKHSXEOLF> D @ WKHH[HPSWLRQLVFRQVLVWHQW
ZLWKWKHFRPPRQGHIHQVHDQGVHFXULW\\> D @ VSHFLDOFLUFXPVWDQFHVDUHSUHVHQW
> D LL @ WKHVSHFLDOFLUFXPVWDQFHVRXWZHLJKDQ\\GHFUHDVHLQVDIHW\\WKDWPD\\
UHVXOWIURPWKHUHGXFWLRQLQVWDQGDUGL]DWLRQFDXVHGE\\WKHH[HPSWLRQ> E @ DQG
WKHGHVLJQFKDQJHZLOOQRWUHVXOWLQDVLJQLILFDQWGHFUHDVHLQWKHOHYHORIVDIHW\\>3DUW$SS
'9,,,$@
7KHUHTXHVWHGH[HPSWLRQVDWLVILHVWKHFULWHULDIRUJUDQWLQJVSHFLILFH[HPSWLRQVDV
GHVFULEHGEHORZ
7KLVH[HPSWLRQLVDXWKRUL]HGE\\ODZ
7KH15&KDVDXWKRULW\\XQGHU&)5DQGWRJUDQWH[HPSWLRQV
IURPWKHUHTXLUHPHQWVRI15&UHJXODWLRQV6SHFLILFDOO\\&)5DQGVWDWH
WKDWWKH15&PD\\JUDQWH[HPSWLRQVIURPWKHUHTXLUHPHQWVRI&)53DUWXSRQD
SURSHU VKRZLQJ 1R ODZ H[LVWV WKDW ZRXOG SUHFOXGH WKH FKDQJHV FRYHUHG E\\ WKLV
H[HPSWLRQUHTXHVW$GGLWLRQDOO\\JUDQWLQJRIWKHSURSRVHGH[HPSWLRQGRHVQRWUHVXOWLQ
D YLRODWLRQ RI WKH $WRPLF (QHUJ\\ $FW RI DV DPHQGHG RU WKH &RPPLVVLRQ¶V
UHJXODWLRQV
$FFRUGLQJO\\WKLVUHTXHVWHGH[HPSWLRQLV³DXWKRUL]HGE\\ODZ'DVUHTXLUHGE\\&)5
D
7KLVH[HPSWLRQZLOOQRWSUHVHQWDQXQGXHULVNWRWKHKHDOWKDQGVDIHW\\RIWKHSXEOLF
7KHSURSRVHGH[HPSWLRQIURPWKHUHTXLUHPHQWVRI&)5$SSHQGL['6HFWLRQ
,,,%ZRXOGDOORZFKDQJHVWRHOHPHQWVRIWKHSODQWVSHFLILF'&'7LHUWRGHSDUWIURP
WKH$3FHUWLILHG 7LHU GHVLJQLQIRUPDWLRQ7KHSODQWVSHFLILF'&'7LHUZLOO
FRQWLQXHWRUHIOHFWWKHDSSURYHGOLFHQVLQJEDVLVIRU9(*38QLWVDQGDQGZLOOPDLQWDLQ
DFRQVLVWHQWOHYHORIGHWDLOZLWKWKDWZKLFKLVFXUUHQWO\\SURYLGHGHOVHZKHUHLQ7LHURIWKH
'&'7KHUHIRUHWKHDIIHFWHGSODQWVSHFLILF'&'7LHU,7$$&ZLOOFRQWLQXHWRVHUYHLWV
UHTXLUHGSXUSRVH
7KHVHFKDQJHVZLOOQRWLPSDFWWKHDELOLW\\RIWKH66&VWRSHUIRUPWKHLUGHVLJQIXQFWLRQV
%HFDXVHWKHFKDQJHVZLOOQRWDOWHUWKHRSHUDWLRQRIDQ\\SODQWHTXLSPHQWRUV\\VWHPV
WKHVHFKDQJHVGRQRWSUHVHQWDQXQGXHULVNWRH[LVWLQJHTXLSPHQWRUV\\VWHPV7KHVH
FKDQJHVGRQRWDGGDQ\\QHZHTXLSPHQWRUV\\VWHPLQWHUIDFHVWRWKHFXUUHQWSODQWGHVLJQ
DRAFT H
@
@
VSHFLDO
VSH
FLU ZHLJKDQ\\G HLJKDQ\\ HFUHD GE\\WKHH[HPSWLRQ>
GE\\WKHH[HPS GHFUHDVHLQ
GHFUH WKHOHYHORI OHYHO FULWHULDIRUJUDQWLQJVSH RUJUD
]HGE\\ODZ
DZ
\\XQGHU&)5
\\XQGHU&)5
WVRI15&UHJXODWLRQV
VRI15&UHJXODWLRQV JUDQWH[HPSWLRQVIURP DQWH[HPSWLRQVIURP J 1R ODZ H[LVWV WKDW
1R ODZ H[
TXHVW$GGLWLRQDOO\\JUD TXHVW$GGLWLRQDOO\\
RI WKH $WRPLF (QHUJ RI WKH $WRPLF (QHUJ
UHTXHVWH
UHTXHVWH
1' ;;;;
(QFORVXUH
([HPSWLRQ5HTXHVW )XQFWLRQDO$UUDQJHPHQW,7$$&2SWLPL]DWLRQ /$5
3DJHRI
7KHGHVFULSWLRQFKDQJHVGRQRWLQWURGXFHDQ\\QHZLQGXVWULDOFKHPLFDORUUDGLRORJLFDO
KD]DUGVWKDWZRXOGUHSUHVHQWDSXEOLFKHDOWKRUVDIHW\\ULVNQRUGRWKH\\PRGLI\\RUUHPRYH
DQ\\ GHVLJQ RU RSHUDWLRQDO FRQWUROV RU VDIHJXDUGV WKDW DUH LQWHQGHG WR PLWLJDWH DQ\\
H[LVWLQJRQVLWHKD]DUGV)XUWKHUPRUHWKHSURSRVHGFKDQJHVZRXOGQRWDOORZIRUDQHZ
ILVVLRQSURGXFWUHOHDVHSDWKUHVXOWLQDQHZILVVLRQSURGXFWEDUULHUIDLOXUHPRGHRUFUHDWH
D QHZ VHTXHQFH RI HYHQWV WKDW ZRXOG UHVXOW LQ VLJQLILFDQW IXHO FODGGLQJ IDLOXUHV
$FFRUGLQJO\\WKHVHFKDQJHVGRQRWSUHVHQWDQXQGXHULVNIURPDQ\\QHZHTXLSPHQWRU
V\\VWHPV
7KHUHIRUHWKHUHTXHVWHGH[HPSWLRQIURP&)5$SSHQGL['6HFWLRQ,,,%ZRXOG
QRWSUHVHQWDQXQGXHULVNWRWKHKHDOWKDQGVDIHW\\RIWKHSXEOLF
7KHH[HPSWLRQLVFRQVLVWHQWZLWKWKHFRPPRQGHIHQVHDQGVHFXULW\\
7KHUHTXHVWHGH[HPSWLRQIURPWKHUHTXLUHPHQWVRI&)5$SSHQGL['6HFWLRQ
,,,%ZRXOGDOORZWKH/LFHQVHHWRGHSDUWIURPHOHPHQWVRIWKHSODQWVSHFLILF'&'7LHU
GHVLJQLQIRUPDWLRQ7KHUHTXHVWHGH[HPSWLRQGRHVQRWDOWHUWKHGHVLJQIXQFWLRQRU
RSHUDWLRQRIDQ\\VWUXFWXUHRUSODQWHTXLSPHQWWKDWLVQHFHVVDU\\WRPDLQWDLQDVDIHDQG
VHFXUHVWDWXVRIWKHSODQW7KHUHTXHVWHGH[HPSWLRQKDVQRLPSDFWRQSODQWVHFXULW\\RU
VDIHJXDUGVSURFHGXUHV
7KHUHIRUH WKH UHTXHVWHG H[HPSWLRQ LV FRQVLVWHQW ZLWK WKH FRPPRQ GHIHQVH DQG
VHFXULW\\
6SHFLDOFLUFXPVWDQFHVDUHSUHVHQW
&)5 D OLVWVVL[³VSHFLDOFLUFXPVWDQFHV'IRUZKLFKDQH[HPSWLRQPD\\EH
JUDQWHG 3XUVXDQW WR WKH UHJXODWLRQ LW LV QHFHVVDU\\ IRU RQH RI WKHVH VSHFLDO
FLUFXPVWDQFHVWREHSUHVHQWLQRUGHUIRUWKH15&WRFRQVLGHUJUDQWLQJDQH[HPSWLRQ
UHTXHVW 7KH UHTXHVWHG H[HPSWLRQ PHHWV WKH VSHFLDO FLUFXPVWDQFHV RI &)5
D LL 7KDWVXEVHFWLRQGHILQHVVSHFLDOFLUFXPVWDQFHVDVZKHQ³$SSOLFDWLRQRI
WKHUHJXODWLRQLQWKHSDUWLFXODUFLUFXPVWDQFHVZRXOGQRWVHUYHWKHXQGHUO\\LQJSXUSRVHRI
WKHUXOHRULVQRWQHFHVVDU\\WRDFKLHYHWKHXQGHUO\\LQJSXUSRVHRIWKHUXOH'
7KHUXOHXQGHUFRQVLGHUDWLRQLQWKLVUHTXHVWIRUH[HPSWLRQLV&)5$SSHQGL['
6HFWLRQ,,,%ZKLFKUHTXLUHVWKDWDOLFHQVHHUHIHUHQFLQJWKH$3'HVLJQ&HUWLILFDWLRQ
5XOH &)53DUW$SSHQGL[' VKDOOLQFRUSRUDWHE\\UHIHUHQFHDQGFRPSO\\ZLWKWKH
UHTXLUHPHQWVRI$SSHQGL['LQFOXGLQJ7LHULQIRUPDWLRQ7KH9(*38QLWVDQG
&2/VUHIHUHQFHWKH$3'HVLJQ&HUWLILFDWLRQ5XOHDQGLQFRUSRUDWHE\\UHIHUHQFHWKH
UHTXLUHPHQWV RI &)5 3DUW $SSHQGL[ ' LQFOXGLQJ 7LHU LQIRUPDWLRQ 7KH
XQGHUO\\LQJSXUSRVHRI$SSHQGL['6HFWLRQ,,,%LVWRGHVFULEHDQGGHILQHWKHVFRSHDQG
FRQWHQWVRIWKH$3GHVLJQFHUWLILFDWLRQDQGWRUHTXLUHFRPSOLDQFHZLWKWKHGHVLJQ
FHUWLILFDWLRQLQIRUPDWLRQLQ$SSHQGL['
7KHSURSRVHGFKDQJHVWRUHPRYH,7$$&WKDWFRQWDLQUHGXQGDQWLQIRUPDWLRQPDLQWDLQV
WKHGHVLJQIXQFWLRQVRIWKHVHV\\VWHPV7KLVFKDQJHGRHVQRWLPSDFWWKHDELOLW\\RIDQ\\
66&VWRSHUIRUPWKHLUIXQFWLRQVRUQHJDWLYHO\\LPSDFWVDIHW\\$FFRUGLQJO\\WKLVH[HPSWLRQ
IURPWKHFHUWLILFDWLRQLQIRUPDWLRQZLOOHQDEOHWKHOLFHQVHHWRVDIHO\\FRQVWUXFWDQGRSHUDWH
WKH $3 IDFLOLW\\ FRQVLVWHQW ZLWK WKH GHVLJQ FHUWLILHG E\\ WKH 15& LQ &)5
$SSHQGL['
DRAFT
&)5
&
HQWVRIWKH
HQWVR S
GRHVQRWDOWHUWK GRHVQRWD WKDWLVQHFHVVDU\\
WKDWLVQHFHVVD
WR
[HPSWLRQKDVQRLPSDF
[HPSWLRQKDVQRLPS RQ LV FRQVLVWHQW ZLWK
RQVLVW SUHVHQW
QW
WVVL[³VSHFLDOFLUFXPV WVVL[³VSHFLDOFLUF WR WKH UHJXODWLRQ LW
WR WKH UHJXODWLRQ
EHSUHVHQWLQRUGHUIRU SUHVHQWLQRUGHUIRU UHTXHVWHG H[HPSWLRQ
UHTXHVWHG H[
7KDWVXEVHFWLRQGHI
7KDWVXEVHFWLRQ
LRQLQWKHSDUWLFXODUFLUF LRQLQWKHSDUWLFXODUFLUF VQRWQHFHVVDU\\WR
VQRWQHFHVVDU\\
FRQVLGHUD FRQVLGHUD UHT UHT
1' ;;;;
(QFORVXUH
([HPSWLRQ5HTXHVW )XQFWLRQDO$UUDQJHPHQW,7$$&2SWLPL]DWLRQ /$5
3DJHRI
7KHUHIRUH VSHFLDO FLUFXPVWDQFHV DUH SUHVHQW EHFDXVH DSSOLFDWLRQ RI WKH FXUUHQW
JHQHULFFHUWLILHGGHVLJQLQIRUPDWLRQLQ7LHUDVUHTXLUHGE\\&)53DUW$SSHQGL[
' 6HFWLRQ,,,% LQ WKH SDUWLFXODU FLUFXPVWDQFHV GLVFXVVHG LQ WKLV UHTXHVW LV QRW
QHFHVVDU\\WRDFKLHYHWKHXQGHUO\\LQJSXUSRVHRIWKHUXOH
7KHVSHFLDOFLUFXPVWDQFHVRXWZHLJKDQ\\GHFUHDVHLQVDIHW\\WKDWPD\\UHVXOWIURP
WKHUHGXFWLRQLQVWDQGDUGL]DWLRQFDXVHGE\\WKHH[HPSWLRQ
%DVHGRQWKHQDWXUHRIWKHFKDQJHVWRWKHSODQWVSHFLILF7LHULQIRUPDWLRQLQWKLVDUHD
DQGWKHXQGHUVWDQGLQJWKDWWKHVHFKDQJHVDUHQRWUHODWHGWRV\\VWHPIXQFWLRQVWKHVH
FKDQJHVZLOOQRWKDYHDQHJDWLYHLPSDFW1HYHUWKHOHVVLIRWKHU$3OLFHQVHHVGR
QRWHOHFWWRUHTXHVWWKLVH[HPSWLRQWKHVSHFLDOFLUFXPVWDQFHVFRQWLQXHWRRXWZHLJKDQ\\
GHFUHDVH LQ VDIHW\\ IURP WKH UHGXFWLRQ LQ VWDQGDUGL]DWLRQ EHFDXVH WKH NH\\ GHVLJQ
IXQFWLRQVDVVRFLDWHGZLWKWKLVUHTXHVWZLOOFRQWLQXHWREHPDLQWDLQHG7KLVH[HPSWLRQ
UHTXHVWDQGWKHDVVRFLDWHGPDUNHGXSWDEOHGHPRQVWUDWHWKDWWKHUHLVDPLQLPDOFKDQJH
IURP WKH JHQHULF $3 '&' PLQLPL]LQJ WKH UHGXFWLRQ LQ VWDQGDUGL]DWLRQ DQG
FRQVHTXHQWO\\WKHVDIHW\\LPSDFWIURPWKHUHGXFWLRQ
7KHUHIRUHWKHVSHFLDOFLUFXPVWDQFHVDVVRFLDWHGZLWKWKHUHTXHVWHGH[HPSWLRQRXWZHLJK
DQ\\GHFUHDVHLQVDIHW\\WKDWPD\\UHVXOWIURPWKHUHGXFWLRQLQVWDQGDUGL]DWLRQFDXVHGE\\
WKHH[HPSWLRQ
7KHGHVLJQFKDQJHZLOOQRWUHVXOWLQDVLJQLILFDQWGHFUHDVHLQWKHOHYHORIVDIHW\\
7KHSURSRVHGH[HPSWLRQZRXOGDOORZFKDQJHVWRUHPRYH,7$$&WKDWFRQWDLQUHGXQGDQW
LQIRUPDWLRQ LQ SODQWVSHFLILF 7LHU 7KH FRQVROLGDWLRQ ZLOO QRW LPSDFW WKH IXQFWLRQDO
FDSDELOLWLHVRIWKHFRPSRQHQWVLGHQWLILHGLQWKHDIIHFWHG,7$$&%HFDXVHWKHUHPRYDO
RI WKH,7$$& DVVRFLDWHG ZLWK WKLV H[HPSWLRQ UHTXHVW ZLOO QRW PRGLI\\ WKH GHVLJQ RU
RSHUDWLRQRIDQ\\V\\VWHPVRUHTXLSPHQWWKHUHDUHQRQHZIDLOXUHPRGHVLQWURGXFHGE\\
WKHVHFKDQJHVDQGWKHOHYHORIVDIHW\\SURYLGHGE\\WKHFXUUHQWVWUXFWXUHVV\\VWHPVDQG
FRPSRQHQWVZLOOEHXQFKDQJHG
%HFDXVHWKHSURSRVHGFKDQJHVWRWKHVWUXFWXUHV\\VWHPRUFRPSRQHQWGHVFULSWLRQVZLOO
QRWDGYHUVHO\\DIIHFWWKHDELOLW\\RIWKHVWUXFWXUHVV\\VWHPVRUFRPSRQHQWVWRSHUIRUPWKHLU
GHVLJQ IXQFWLRQV DQG WKH OHYHO RI VDIHW\\ SURYLGHG E\\ WKH VWUXFWXUHV V\\VWHPV DQG
FRPSRQHQWVLVXQFKDQJHGLWLVFRQFOXGHGWKDWWKHGHVFULSWLRQFKDQJHVDVVRFLDWHGZLWK
SURSRVHGH[HPSWLRQZLOOQRWUHVXOWLQDVLJQLILFDQWGHFUHDVHLQWKHOHYHORIVDIHW\\
5,6.$66(660(17
$ULVNDVVHVVPHQWZDVQRWGHWHUPLQHGWREHDSSOLFDEOHWRDGGUHVVWKHDFFHSWDELOLW\\RIWKLV
SURSRVDO
35(&('(17
1RQH
(19,5210(17$/&216,'(5$7,21
7KH/LFHQVHHUHTXHVWVDGHSDUWXUHIURPHOHPHQWVRIWKHFHUWLILHGLQIRUPDWLRQLQ7LHURIWKH
JHQHULF$3'&'7KH/LFHQVHHKDVGHWHUPLQHGWKDWWKHSURSRVHGGHSDUWXUHZRXOG
DRAFT H
H
UDWHWKD UDWHW UHGXFWLRQ
UHGX RQ
RQ
DWHGZLWKWKHUHTXHV DWHGZLWKWKHUHTXHVWHG RPWKHUHGXFWLRQLQVW RPWKHUHGXFWLRQLQVWD OWLQDVLJQLILFDQWGHFU WLQDVLJQLILFDQW
XOGDOORZFKDQJHVWRUH ZFKDQJHVWRU ILF 7LHU 7KH FRQVR ILF 7LHU 7KH
SRQHQWVLGHQWLILHGLQWK SRQHQWVLGHQWLILHG
FLDWHG ZLWK WKLV H[HPS DWHG ZLWK WKLV H[HP V\\VWHPVRUHTXLSPHQW
HPVRUHTXLSPHQW
DQGWKHOHYHORIVDIHW\\
DQGWKHOHYHOR ZLOOEHXQFKDQJHG
ZLOOEHXQFKDQJHG
HSURSRVHGFKDQJH HSURSRVHGFKDQ DIIHFWWKHDELOLW DIIHFWWKHDEL DQG WKH DQG WKH KDQ KDQ
1' ;;;;
(QFORVXUH
([HPSWLRQ5HTXHVW )XQFWLRQDO$UUDQJHPHQW,7$$&2SWLPL]DWLRQ /$5
3DJHRI
UHTXLUHDSHUPDQHQWH[HPSWLRQIURPWKHUHTXLUHPHQWVRI&)5$SSHQGL['6HFWLRQ
,,,%'HVLJQ&HUWLILFDWLRQ5XOHIRUWKH$3'HVLJQ6FRSHDQG&RQWHQWVZLWKUHVSHFWWR
LQVWDOODWLRQRUXVHRIIDFLOLW\\FRPSRQHQWVORFDWHGZLWKLQWKHUHVWULFWHGDUHDDVGHILQHGLQ
&)53DUWRUZKLFKFKDQJHVDQLQVSHFWLRQRUDVXUYHLOODQFHUHTXLUHPHQW KRZHYHUWKH
/LFHQVHH HYDOXDWLRQ RI WKH SURSRVHG H[HPSWLRQ KDV GHWHUPLQHG WKDW WKH SURSRVHG
H[HPSWLRQ PHHWV WKH HOLJLELOLW\\ FULWHULD IRU FDWHJRULFDO H[FOXVLRQ VHW IRUWK LQ &)5
F
%DVHGRQWKHDERYHUHYLHZRIWKHSURSRVHGH[HPSWLRQWKH/LFHQVHHKDVGHWHUPLQHGWKDW
WKHSURSRVHGDFWLYLW\\GRHVQRWLQYROYH L DVLJQLILFDQWKD]DUGVFRQVLGHUDWLRQ LL DVLJQLILFDQW
FKDQJHLQWKHW\\SHVRUVLJQLILFDQWLQFUHDVHLQWKHDPRXQWVRIDQ\\HIIOXHQWVWKDWPD\\EH
UHOHDVHGRIIVLWHRU LLL DVLJQLILFDQWLQFUHDVHLQWKHLQGLYLGXDORUFXPXODWLYHRFFXSDWLRQDO
UDGLDWLRQH[SRVXUH$FFRUGLQJO\\WKHSURSRVHGH[HPSWLRQPHHWVWKHHOLJLELOLW\\FULWHULDIRU
FDWHJRULFDO H[FOXVLRQ VHW IRUWK LQ &)5 F 7KHUHIRUH SXUVXDQW WR &)5
E DQHQYLURQPHQWDOLPSDFWVWDWHPHQWRUHQYLURQPHQWDODVVHVVPHQWRIWKHSURSRVHG
H[HPSWLRQLVQRWUHTXLUHG
6SHFLILFGHWDLOVRIWKHHQYLURQPHQWDOFRQVLGHUDWLRQVVXSSRUWLQJWKLVUHTXHVWIRUH[HPSWLRQ
DUH SURYLGHG LQ 6HFWLRQ RI WKH DVVRFLDWHG /LFHQVH $PHQGPHQW 5HTXHVW SURYLGHG LQ
(QFORVXUHRIWKLVOHWWHU
&21&/86,21
7KHSURSRVHGFKDQJHVWR7LHUDUHQHFHVVDU\\WRRSWLPL]HLQIRUPDWLRQLQ,7$$&7DEOHVLQ
SODQWVSHFLILF '&' 7LHU WR LPSURYH HIILFLHQF\\ RI WKH,7$$& FRPSOHWLRQ DQG FORVXUH
SURFHVV 7KH H[HPSWLRQ UHTXHVWPHHWV WKH UHTXLUHPHQWV RI &)5 ³)LQDOLW\\ RI
'HVLJQ &HUWLILFDWLRQV' &)5 ³6SHFLILF ([HPSWLRQV' &)5 ³6SHFLILF
([HPSWLRQV' DQG &)5 $SSHQGL[ ' ³'HVLJQ &HUWLILFDWLRQ 5XOH IRU WKH $3'
6SHFLILFDOO\\ WKH H[HPSWLRQ UHTXHVWPHHWV WKH FULWHULD RI &)5 D LQ WKDW WKH
UHTXHVWLVDXWKRUL]HGE\\ODZSUHVHQWVQRXQGXHULVNWRSXEOLFKHDOWKDQGVDIHW\\DQGLV
FRQVLVWHQWZLWKWKHFRPPRQGHIHQVHDQGVHFXULW\\)XUWKHUPRUHDSSURYDORIWKLVUHTXHVW
GRHV QRW UHVXOW LQ D VLJQLILFDQW GHFUHDVH LQ WKH OHYHO RI VDIHW\\ VDWLVILHV WKH XQGHUO\\LQJ
SXUSRVH RI WKH $3 'HVLJQ &HUWLILFDWLRQ 5XOH DQG GRHV QRW SUHVHQW D VLJQLILFDQW
GHFUHDVHLQVDIHW\\DVDUHVXOWRIDUHGXFWLRQLQVWDQGDUGL]DWLRQ
5()(5(1&(6
1RQH
DRAFT 7KH 7KH PHQWDODV PHQWD RQVVXSSRUWLQJ RQVVXSSRUWLQJWKLVUHT
WK
/LFHQVH $PHQGPHQW
/LFHQVH $PHQGPHQ UHQHFHVVDU\\WRRSWLPL]
HFHVVDU\\WRRSWLP PSURYH HIILFLHQF\\ RI W HIILFLHQF\\ RI
TXHVWPHHWV WKH UHTXL TXHVWPHHWV WKH
&)5 ³6SHFLILF
&)5 ³6SH
&)5 $SSHQGL[ ' ³
)5 $SSHQGL[ '
PSWLRQ UHTXHV Q UHTXHVWPHHWV
W PHHWV
]HGE\\ODZSUHVHQWVQ
]HGE\\ODZSUH WKHFRPPRQGHIHQVHD WKHFRPPRQGHIHQVH OW LQ D VLJQLILFDQW GHF OW LQ D VLJQLILFDQW GHF
$3 'HVLJQ
$3 'HVLJ DVDUHVXOWR DVDUHVXOWR
6RXWKHUQ1XFOHDU2SHUDWLQJ&RPSDQ\\
1' ;;;;
(QFORVXUH
9RJWOH(OHFWULF*HQHUDWLQJ3ODQW 9(*3 8QLWVDQG
3URSRVHG&KDQJHVWRWKH/LFHQVLQJ%DVLV'RFXPHQWV
/$5
1RWH
$GGHGWH[WLVVKRZQDVEROG%OXH8QGHUOLQH
'HOHWHGWH[WLVVKRZQDVEROG5HG6WULNHWKURXJK
LQGLFDWHVRPLWWHGH[LVWLQJWH[WWKDWLVQRWVKRZQ
7KLV(QFORVXUHFRQVLVWVRISDJHVLQFOXGLQJWKLVFRYHUSDJH
DRAFT 9(*3 8QLWVDQG
9(*3 8QLWV
WRWKH/LFHQVLQJ%DVLV WKH/LFHQVLQJ%DV
/$5
/$5
$GGHGWH[
$GGHGWH[
HGW HGW
1' ;;;;
(QFORVXUH
3URSRVHG&KDQJHVWRWKH/LFHQVLQJ%DVLV'RFXPHQWV /$5
3DJHRI
5HYLVH&2/$SSHQGL[&7DEOHDQGFRUUHVSRQGLQJSODQWVSHFLILF7LHU7DEOH
³,QVSHFWLRQV7HVWV$QDO\\VHVDQG$FFHSWDQFH&ULWHULD'DVVKRZQEHORZ
7DEOH
,QVSHFWLRQV7HVWV$QDO\\VHVDQG$FFHSWDQFH&ULWHULD
1R
,7$$&1R
'HVLJQ&RPPLWPHQW
,QVSHFWLRQV7HVWV$QDO\\VHV
$FFHSWDQFH&ULWHULD
1RWXVHGSHU$PHQGPHQW1R>;;;@
7KHIXQFWLRQDODUUDQJHPHQWRIWKH
)+6LVDVGHVFULEHGLQWKH'HVLJQ
'HVFULSWLRQRIWKLV6HFWLRQ1RW
XVHGSHU
,QVSHFWLRQRIWKHDVEXLOW
V\\VWHPZLOOEHSHUIRUPHG
7KHDVEXLOW)+6
FRQIRUPVZLWKWKH
IXQFWLRQDODUUDQJHPHQWDV
GHVFULEHGLQWKH'HVLJQ
'HVFULSWLRQRIWKLV6HFWLRQ
5HYLVH&2/$SSHQGL[&7DEOHDQGFRUUHVSRQGLQJSODQWVSHFLILF7LHU7DEOH
³,QVSHFWLRQV7HVWV$QDO\\VHVDQG$FFHSWDQFH&ULWHULD'DVVKRZQEHORZ
7DEOH
,QVSHFWLRQV7HVWV$QDO\\VHVDQG$FFHSWDQFH&ULWHULD
1R
,7$$&1R
'HVLJQ&RPPLWPHQW
,QVSHFWLRQV7HVWV$QDO\\VHV
$FFHSWDQFH&ULWHULD
1RWXVHGSHU$PHQGPHQW1R>;;;@
7KHIXQFWLRQDODUUDQJHPHQWRIWKH
&&6LVDVGHVFULEHGLQWKH'HVLJQ
'HVFULSWLRQRIWKLV6HFWLRQ
,QVSHFWLRQRIWKHDVEXLOW
V\\VWHPZLOOEHSHUIRUPHG
7KHDVEXLOW&&6FRQIRUPV
ZLWKWKHIXQFWLRQDO
DUUDQJHPHQWGHVFULEHGLQ
WKH'HVLJQ'HVFULSWLRQRI
WKLV6HFWLRQ
5HYLVH&2/$SSHQGL[&7DEOHDQGFRUUHVSRQGLQJSODQWVSHFLILF7LHU7DEOH
³,QVSHFWLRQV7HVWV$QDO\\VHVDQG$FFHSWDQFH&ULWHULD'DVVKRZQEHORZ
7DEOH
,QVSHFWLRQV7HVWV$QDO\\VHVDQG$FFHSWDQFH&ULWHULD
1R
,7$$&1R
'HVLJQ&RPPLWPHQW
,QVSHFWLRQV7HVWV$QDO\\VHV
$FFHSWDQFH&ULWHULD
1RWXVHGSHU$PHQGPHQW1R>;;;@
7KHIXQFWLRQDODUUDQJHPHQWRIWKH
&96LVDVGHVFULEHGLQWKH'HVLJQ
'HVFULSWLRQRIWKLV6HFWLRQ
,QVSHFWLRQRIWKHDVEXLOW
V\\VWHPZLOOEHSHUIRUPHG
7KHDVEXLOW&96FRQIRUPV
ZLWKWKHIXQFWLRQDO
DUUDQJHPHQWDVGHVFULEHGLQ
WKH'HVLJQ'HVFULSWLRQRI
WKLV6HFWLRQ
DR DR DRAFTT GLQJSODQWVSHFL GLQJSODQW QFH&ULWHULD QFH&ULWHULD'DVVKR
'D
\\VHVDQG$FFHSWDQFH&ULWHU G$FFHS FT FT
,QVSHFWLRQV7HV
R>;;;@@
RA JHPHQWRIWKH
JHPHQWRI RA QWKH'HVLJQ
QWKH'HVLJQ
RA 6HFWLRQ
6HFWLRQ
,QVSHFWLRQRI QVSHFWLRQR RA V\\VWHPZLO V\\V RAAF AF DRRA GL[&7DEOH
GL[&7DEOH
7HVWV$QDO\\VH
7HVWV$QDO\\
D
1' ;;;;
(QFORVXUH
3URSRVHG&KDQJHVWRWKH/LFHQVLQJ%DVLV'RFXPHQWV /$5
3DJHRI
5HYLVH&2/$SSHQGL[&7DEOHDQGFRUUHVSRQGLQJSODQWVSHFLILF7LHU7DEOH
³,QVSHFWLRQV7HVWV$QDO\\VHVDQG$FFHSWDQFH&ULWHULD'DVVKRZQEHORZ
7DEOH
,QVSHFWLRQV7HVWV$QDO\\VHVDQG$FFHSWDQFH&ULWHULD
1R
,7$$&1R
'HVLJQ&RPPLWPHQW
,QVSHFWLRQV7HVWV$QDO\\VHV
$FFHSWDQFH&ULWHULD
1RWXVHGSHU$PHQGPHQW1R>;;;@
7KHIXQFWLRQDODUUDQJHPHQWRIWKH
'26LVDVGHVFULEHGLQWKH'HVLJQ
'HVFULSWLRQRIWKLV6HFWLRQ
,QVSHFWLRQRIWKHDVEXLOW
V\\VWHPZLOOEHSHUIRUPHG
7KHDVEXLOW'26FRQIRUPV
ZLWKWKHIXQFWLRQDO
DUUDQJHPHQWDVGHVFULEHGLQ
WKH'HVLJQ'HVFULSWLRQRI
WKLV6HFWLRQ
5HYLVH&2/$SSHQGL[&7DEOHDQGFRUUHVSRQGLQJSODQWVSHFLILF7LHU7DEOH
³,QVSHFWLRQV7HVWV$QDO\\VHVDQG$FFHSWDQFH&ULWHULD'DVVKRZQEHORZ
7DEOH
,QVSHFWLRQV7HVWV$QDO\\VHVDQG$FFHSWDQFH&ULWHULD
1R
,7$$&1R
'HVLJQ&RPPLWPHQW
,QVSHFWLRQV7HVWV$QDO\\VHV
$FFHSWDQFH&ULWHULD
1RWXVHGSHU$PHQGPHQW1R>;;;@
7KHIXQFWLRQDODUUDQJHPHQWRIWKH
)36LVDVGHVFULEHGLQWKH'HVLJQ
'HVFULSWLRQRIWKLV6HFWLRQ
,QVSHFWLRQRIWKHDVEXLOW
V\\VWHPZLOOEHSHUIRUPHG
7KHDVEXLOW)36FRQIRUPV
ZLWKWKHIXQFWLRQDO
DUUDQJHPHQWDVGHVFULEHGLQ
WKH'HVLJQ'HVFULSWLRQRI
WKLV6HFWLRQ
5HYLVH&2/$SSHQGL[&7DEOHDQGFRUUHVSRQGLQJSODQWVSHFLILF7LHU7DEOH
³,QVSHFWLRQV7HVWV$QDO\\VHVDQG$FFHSWDQFH&ULWHULD'DVVKRZQEHORZ
7DEOH
,QVSHFWLRQV7HVWV$QDO\\VHVDQG$FFHSWDQFH&ULWHULD
1R
,7$$&1R
'HVLJQ&RPPLWPHQW
,QVSHFWLRQV7HVWV$QDO\\VHV
$FFHSWDQFH&ULWHULD
1RWXVHGSHU$PHQGPHQW1R>;;;@
7KHIXQFWLRQDODUUDQJHPHQWRIWKH
0+6LVDVGHVFULEHGLQWKH'HVLJQ
'HVFULSWLRQRIWKLV6HFWLRQ
,QVSHFWLRQRIWKHDVEXLOW
V\\VWHPZLOOEHSHUIRUPHG
7KHDVEXLOW0+6FRQIRUPV
ZLWKWKHIXQFWLRQDO
DUUDQJHPHQWDVGHVFULEHGLQ
WKH'HVLJQ'HVFULSWLRQRI
WKLV6HFWLRQ
D SHFW SHFW DRAFT QJSODQWVSH QJSOD FH&ULWHULD H&ULWHULD'DVVK
VDQG$FFHSWDQFH&ULWHULD
DQG$FFHSWDQ FT FT
,QVSHFWLRQV7HVWV
- @
A PHQWRIWKH
PHQWRIWKH
RA KH'HVLJQ
KH'HVLJQ
RA HFWLRQ
HFWLRQ
,QVSHFWLRQRIWK
,QVSHFWLRQRIWK AF V\\VWHPZLOOE V\\VWHPZLOOE RAAF AF RA R
GL[&7DEOHDQ GL[&7DEOHD QV7HVWV$QDO\\VHV
QV7HVWV$QDO\\VHV
D
1' ;;;;
(QFORVXUH
3URSRVHG&KDQJHVWRWKH/LFHQVLQJ%DVLV'RFXPHQWV /$5
3DJHRI
5HYLVH&2/$SSHQGL[&7DEOHDQGFRUUHVSRQGLQJSODQWVSHFLILF7LHU7DEOH
³,QVSHFWLRQV7HVWV$QDO\\VHVDQG$FFHSWDQFH&ULWHULD'DVVKRZQEHORZ
7DEOH
,QVSHFWLRQV7HVWV$QDO\\VHVDQG$FFHSWDQFH&ULWHULD
1R
,7$$&1R
'HVLJQ&RPPLWPHQW
,QVSHFWLRQV7HVWV$QDO\\VHV
$FFHSWDQFH&ULWHULD
1RWXVHGSHU$PHQGPHQW1R>;;;@
7KHIXQFWLRQDODUUDQJHPHQWRIWKH
516LVDVGHVFULEHGLQWKH'HVLJQ
'HVFULSWLRQRIWKLV6HFWLRQ
,QVSHFWLRQRIWKHDVEXLOW
V\\VWHPZLOOEHSHUIRUPHG
7KHDVEXLOW516FRQIRUPV
ZLWKWKHIXQFWLRQDO
DUUDQJHPHQWDVGHVFULEHGLQ
WKH'HVLJQ'HVFULSWLRQRI
WKLV6HFWLRQ
5HYLVH&2/$SSHQGL[&7DEOHDQGFRUUHVSRQGLQJSODQWVSHFLILF7LHU7DEOH
³,QVSHFWLRQV7HVWV$QDO\\VHVDQG$FFHSWDQFH&ULWHULD'DVVKRZQEHORZ
7DEOH
,QVSHFWLRQV7HVWV$QDO\\VHVDQG$FFHSWDQFH&ULWHULD
1R
,7$$&1R
'HVLJQ&RPPLWPHQW
,QVSHFWLRQV7HVWV$QDO\\VHV
$FFHSWDQFH&ULWHULD
1RWXVHGSHU$PHQGPHQW1R>;;;@
7KHIXQFWLRQDODUUDQJHPHQWRIWKH
6)6LVDVGHVFULEHGLQWKH'HVLJQ
'HVFULSWLRQRIWKLV6HFWLRQ
,QVSHFWLRQRIWKHDVEXLOW
V\\VWHPZLOOEHSHUIRUPHG
7KHDVEXLOW6)6FRQIRUPV
ZLWKWKHIXQFWLRQDO
DUUDQJHPHQWDVGHVFULEHGLQ
WKH'HVLJQ'HVFULSWLRQRI
WKLV6HFWLRQ
5HYLVH&2/$SSHQGL[&7DEOHDQGFRUUHVSRQGLQJSODQWVSHFLILF7LHU7DEOH
³,QVSHFWLRQV7HVWV$QDO\\VHVDQG$FFHSWDQFH&ULWHULD'DVVKRZQEHORZ
7DEOH
,QVSHFWLRQV7HVWV$QDO\\VHVDQG$FFHSWDQFH&ULWHULD
1R
,7$$&1R
'HVLJQ&RPPLWPHQW
,QVSHFWLRQV7HVWV$QDO\\VHV
$FFHSWDQFH&ULWHULD
1RWXVHGSHU$PHQGPHQW1R>;;;@
7KHIXQFWLRQDODUUDQJHPHQWRIWKH
6:6LVDVGHVFULEHGLQWKH'HVLJQ
'HVFULSWLRQRIWKLV6HFWLRQ
,QVSHFWLRQRIWKHDVEXLOW
V\\VWHPZLOOEHSHUIRUPHG
7KHDVEXLOW6:6FRQIRUPV
ZLWKWKHIXQFWLRQDO
DUUDQJHPHQWDVGHVFULEHGLQ
WKH'HVLJQ'HVFULSWLRQRI
WKLV6HFWLRQ
D SHFW SHFW DRAFT QJSODQWVSH QJSOD FH&ULWHULD H&ULWHULD'DVVK
VDQG$FFHSWDQFH&ULWHULD
DQG$FFHSWDQ FT FT
,QVSHFWLRQV7HVWV
- @
A PHQWRIWKH
PHQWRIWKH
RA KH'HVLJQ
KH'HVLJQ
RA FWLRQ
FWLRQ
,QVSHFWLRQRIWK
,QVSHFWLRQRIWK AF V\\VWHPZLOOE V\\VWHPZLOOE RAAF AF RA R
GL[&7DEOHDQ GL[&7DEOHD QV7HVWV$QDO\\VHV
QV7HVWV$QDO\\VHV
D
1' ;;;;
(QFORVXUH
3URSRVHG&KDQJHVWRWKH/LFHQVLQJ%DVLV'RFXPHQWV /$5
3DJHRI
5HYLVH&2/$SSHQGL[&7DEOH DQGFRUUHVSRQGLQJSODQWVSHFLILF7LHU7DEOH
³,QVSHFWLRQV7HVWV$QDO\\VHVDQG$FFHSWDQFH&ULWHULD'DVVKRZQEHORZ
7DEOH
,QVSHFWLRQV7HVWV$QDO\\VHVDQG$FFHSWDQFH&ULWHULD
1R
,7$$&1R
'HVLJQ&RPPLWPHQW
,QVSHFWLRQV7HVWV$QDO\\VHV
$FFHSWDQFH&ULWHULD
1RWXVHGSHU$PHQGPHQW1R>;;;@
7KHIXQFWLRQDODUUDQJHPHQWRIWKH
9/6LVDVGHVFULEHGLQWKH'HVLJQ
'HVFULSWLRQRIWKLV6HFWLRQ
,QVSHFWLRQRIWKHDVEXLOW
V\\VWHPZLOOEHSHUIRUPHG
7KHDVEXLOW9/6FRQIRUPV
ZLWKWKHIXQFWLRQDO
DUUDQJHPHQWDVGHVFULEHGLQ
WKH'HVLJQ'HVFULSWLRQRI
WKLV6HFWLRQ
5HYLVH&2/$SSHQGL[&7DEOHDQGFRUUHVSRQGLQJSODQWVSHFLILF7LHU7DEOH
³,QVSHFWLRQV7HVWV$QDO\\VHVDQG$FFHSWDQFH&ULWHULD'DVVKRZQEHORZ
7DEOH
,QVSHFWLRQV7HVWV$QDO\\VHVDQG$FFHSWDQFH&ULWHULD
1R
,7$$&1R
'HVLJQ&RPPLWPHQW
,QVSHFWLRQV7HVWV$QDO\\VHV
$FFHSWDQFH&ULWHULD
1RWXVHGSHU$PHQGPHQW1R>;;;@
7KHIXQFWLRQDODUUDQJHPHQWRIWKH
- /6LVDVGHVFULEHGLQWKH'HVLJQ
'HVFULSWLRQRIWKLV6HFWLRQ
,QVSHFWLRQRIWKHDVEXLOW
V\\VWHPZLOOEHSHUIRUPHG
7KHDVEXLOW:/6FRQIRUPV
ZLWKWKHIXQFWLRQDO
DUUDQJHPHQWDVGHVFULEHGLQ
WKH'HVLJQ'HVFULSWLRQRI
WKLV6HFWLRQ
5HYLVH&2/$SSHQGL[&7DEOHDQGFRUUHVSRQGLQJSODQWVSHFLILF7LHU7DEOH
³,QVSHFWLRQV7HVWV$QDO\\VHVDQG$FFHSWDQFH&ULWHULD'DVVKRZQEHORZ
7DEOH
,QVSHFWLRQV7HVWV$QDO\\VHVDQG$FFHSWDQFH&ULWHULD
1R
,7$$&1R
'HVLJQ&RPPLWPHQW
,QVSHFWLRQV7HVWV$QDO\\VHV
$FFHSWDQFH&ULWHULD
1RWXVHGSHU$PHQGPHQW1R>;;;@
7KHIXQFWLRQDODUUDQJHPHQWRIWKH
- 6LVDVGHVFULEHGLQWKH'HVLJQ
'HVFULSWLRQRIWKLV6HFWLRQ
,QVSHFWLRQRIWKHDVEXLOW
V\\VWHPZLOOEHSHUIRUPHG
7KHDVEXLOW:*6FRQIRUPV
ZLWKWKHIXQFWLRQDO
DUUDQJHPHQWDVGHVFULEHGLQ
WKH'HVLJQ'HVFULSWLRQRI
WKLV6HFWLRQ
D SHFW SHFW DRAFT LQJSODQWVS LQJSO QFH&ULWHUL FH&ULWHULD'DVV D
VDQG$FFHSWDQFH&ULWHULD
DQG$FFHSWDQ FT FT
,QVSHFWLRQV7HVWV
- @
A PHQWRIWKH
PHQWRIWKH
RA KH'HVLJQ
KH'HVLJQ RA FWLRQ
FWLRQ
,QVSHFWLRQRIWK
,QVSHFWLRQRIWK AF V\\VWHPZLOOE V\\VWHPZLOOE RAAF AF RA R
GL[&7DEOHD GL[&7DEOH
RQV7HVWV$QDO\\VHV RQV7HVWV$QDO\\VHV D
1' ;;;;
(QFORVXUH
3URSRVHG&KDQJHVWRWKH/LFHQVLQJ%DVLV'RFXPHQWV /$5
3DJHRI
5HYLVH&2/$SSHQGL[&7DEOHDQGFRUUHVSRQGLQJSODQWVSHFLILF7LHU7DEOH
³,QVSHFWLRQV7HVWV$QDO\\VHVDQG$FFHSWDQFH&ULWHULD'DVVKRZQEHORZ
7DEOH
,QVSHFWLRQV7HVWV$QDO\\VHVDQG$FFHSWDQFH&ULWHULD
1R
,7$$&1R
'HVLJQ&RPPLWPHQW
,QVSHFWLRQV7HVWV$QDO\\VHV
$FFHSWDQFH&ULWHULD
1RWXVHGSHU$PHQGPHQW1R>;;;@
7KHIXQFWLRQDODUUDQJHPHQWRIWKH
- 66LVDVGHVFULEHGLQWKH'HVLJQ
'HVFULSWLRQRIWKLV6HFWLRQ
,QVSHFWLRQRIWKHDVEXLOW
V\\VWHPZLOOEHSHUIRUPHG
7KHDVEXLOW:66FRQIRUPV
ZLWKWKHIXQFWLRQDO
DUUDQJHPHQWDVGHVFULEHGLQ
WKH'HVLJQ'HVFULSWLRQRI
WKLV6HFWLRQ
5HYLVH&2/$SSHQGL[&7DEOHDQGFRUUHVSRQGLQJSODQWVSHFLILF7LHU7DEOH
³,QVSHFWLRQV7HVWV$QDO\\VHVDQG$FFHSWDQFH&ULWHULD'DVVKRZQEHORZ
7DEOH
,QVSHFWLRQV7HVWV$QDO\\VHVDQG$FFHSWDQFH&ULWHULD
1R
,7$$&1R
'HVLJQ&RPPLWPHQW
,QVSHFWLRQV7HVWV$QDO\\VHV
$FFHSWDQFH&ULWHULD
1RWXVHGSHU$PHQGPHQW1R>;;;@
7KHIXQFWLRQDODUUDQJHPHQWRIWKH
366LVDVGHVFULEHGLQWKH'HVLJQ
'HVFULSWLRQRIWKLV6HFWLRQ
,QVSHFWLRQRIWKHDVEXLOW
V\\VWHPZLOOEHSHUIRUPHG
7KHDVEXLOW366FRQIRUPV
ZLWKWKHIXQFWLRQDO
DUUDQJHPHQWDVGHVFULEHGLQ
WKH'HVLJQ'HVFULSWLRQRI
WKLV6HFWLRQ
5HYLVH&2/$SSHQGL[&7DEOHDQGFRUUHVSRQGLQJSODQWVSHFLILF7LHU7DEOH
³,QVSHFWLRQV7HVWV$QDO\\VHVDQG$FFHSWDQFH&ULWHULD'DVVKRZQEHORZ
7DEOH
,QVSHFWLRQV7HVWV$QDO\\VHVDQG$FFHSWDQFH&ULWHULD
1R
,7$$&1R
'HVLJQ&RPPLWPHQW
,QVSHFWLRQV7HVWV$QDO\\VHV
$FFHSWDQFH&ULWHULD
1RWXVHGSHU$PHQGPHQW1R>;;;@
7KHIXQFWLRQDODUUDQJHPHQWRIWKH
':6LVDVGHVFULEHGLQWKH'HVLJQ
'HVFULSWLRQRIWKLV6HFWLRQ
,QVSHFWLRQRIWKHDVEXLOW
V\\VWHPZLOOEHSHUIRUPHG
7KHDVEXLOW':6FRQIRUPV
ZLWKWKHIXQFWLRQDO
DUUDQJHPHQWDVGHVFULEHGLQ
WKH'HVLJQ'HVFULSWLRQRI
WKLV6HFWLRQ
D SHFW SHFW DRAFT LQJSODQWVS LQJSO QFH&ULWHUL FH&ULWHULD'DVV D
VDQG$FFHSWDQFH&ULWHULD
DQG$FFHSWDQ FT FT
,QVSHFWLRQV7HVWV
- @
A PHQWRIWKH
PHQWRIWKH
RA KH'HVLJQ
KH'HVLJQ
RA FWLRQ
FWLRQ
,QVSHFWLRQRIWK
,QVSHFWLRQRIWK AF V\\VWHPZLOOE V\\VWHPZLOOE RAAF AF RA R
GL[&7DEOHD GL[&7DEOH
RQV7HVWV$QDO\\VHV RQV7HVWV$QDO\\VHV D
1' ;;;;
(QFORVXUH
3URSRVHG&KDQJHVWRWKH/LFHQVLQJ%DVLV'RFXPHQWV /$5
3DJHRI
5HYLVH&2/$SSHQGL[&7DEOHDQGFRUUHVSRQGLQJSODQWVSHFLILF7LHU7DEOH
³,QVSHFWLRQV7HVWV$QDO\\VHVDQG$FFHSWDQFH&ULWHULD'DVVKRZQEHORZ
7DEOH
,QVSHFWLRQV7HVWV$QDO\\VHVDQG$FFHSWDQFH&ULWHULD
1R
,7$$&1R
'HVLJQ&RPPLWPHQW
,QVSHFWLRQV7HVWV$QDO\\VHV
$FFHSWDQFH&ULWHULD
1RWXVHGSHU$PHQGPHQW1R>;;;@
7KHIXQFWLRQDODUUDQJHPHQWRIWKH
&$6LVDVGHVFULEHGLQWKH'HVLJQ
'HVFULSWLRQRIWKLV6HFWLRQ
,QVSHFWLRQRIWKHDVEXLOW
V\\VWHPZLOOEHSHUIRUPHG
7KHDVEXLOW&$6FRQIRUPV
ZLWKWKHIXQFWLRQDO
DUUDQJHPHQWDVGHVFULEHGLQ
WKH'HVLJQ'HVFULSWLRQRI
WKLV6HFWLRQ
5HYLVH&2/$SSHQGL[&7DEOH DQGFRUUHVSRQGLQJSODQWVSHFLILF7LHU7DEOH
³,QVSHFWLRQV7HVWV$QDO\\VHVDQG$FFHSWDQFH&ULWHULD'DVVKRZQEHORZ
7DEOH
,QVSHFWLRQV7HVWV$QDO\\VHVDQG$FFHSWDQFH&ULWHULD
1R
,7$$&1R
'HVLJQ&RPPLWPHQW
,QVSHFWLRQV7HVWV$QDO\\VHV
$FFHSWDQFH&ULWHULD
1RWXVHGSHU$PHQGPHQW1R>;;;@
7KHIXQFWLRQDODUUDQJHPHQWRIWKH
- 56LVDVGHVFULEHGLQWKH'HVLJQ
'HVFULSWLRQRIWKLV6HFWLRQ
,QVSHFWLRQRIWKHDVEXLOW
V\\VWHPZLOOEHSHUIRUPHG
7KHDVEXLOW:56FRQIRUPV
ZLWKWKHIXQFWLRQDO
DUUDQJHPHQWDVGHVFULEHGLQ
WKH'HVLJQ'HVFULSWLRQRI
WKLV6HFWLRQ
5HYLVH&2/$SSHQGL[&7DEOHDQGFRUUHVSRQGLQJSODQWVSHFLILF7LHU7DEOH
³,QVSHFWLRQV7HVWV$QDO\\VHVDQG$FFHSWDQFH&ULWHULD'DVVKRZQEHORZ
7DEOH
,QVSHFWLRQV7HVWV$QDO\\VHVDQG$FFHSWDQFH&ULWHULD
1R
,7$$&1R
'HVLJQ&RPPLWPHQW
,QVSHFWLRQV7HVWV$QDO\\VHV
$FFHSWDQFH&ULWHULD
1RWXVHGSHU$PHQGPHQW1R>;;;@
7KHIXQFWLRQDODUUDQJHPHQWRIWKH
):6LVDVGHVFULEHGLQWKH'HVLJQ
'HVFULSWLRQRIWKLV6HFWLRQ
,QVSHFWLRQRIWKHDVEXLOW
V\\VWHPZLOOEHSHUIRUPHG
7KHDVEXLOW):6FRQIRUPV
ZLWKWKHIXQFWLRQDO
DUUDQJHPHQWDVGHVFULEHGLQ
WKH'HVLJQ'HVFULSWLRQRI
WKLV6HFWLRQ
D SHFW SHFW DRAFT LQJSODQWVS LQJSO QFH&ULWHUL FH&ULWHULD'DVV D
VDQG$FFHSWDQFH&ULWHULD
DQG$FFHSWDQ FT FT
,QVSHFWLRQV7HVWV
- @
A PHQWRIWKH
PHQWRIWKH
RA WKH'HVLJQ
WKH'HVLJQ RA FWLRQ
FWLRQ
,QVSHFWLRQRIWK
,QVSHFWLRQRIWK AF V\\VWHPZLOOE V\\VWHPZLOOE RAAF AF RA R
GL[&7DEOHDQ GL[&7DEOHD QV7HVWV$QDO\\VHV
QV7HVWV$QDO\\VHV
D
1' ;;;;
(QFORVXUH
3URSRVHG&KDQJHVWRWKH/LFHQVLQJ%DVLV'RFXPHQWV /$5
3DJHRI
5HYLVH&2/$SSHQGL[&7DEOHDQGFRUUHVSRQGLQJSODQWVSHFLILF7LHU7DEOH
³,QVSHFWLRQV7HVWV$QDO\\VHVDQG$FFHSWDQFH&ULWHULD'DVVKRZQEHORZ
7DEOH
,QVSHFWLRQV7HVWV$QDO\\VHVDQG$FFHSWDQFH&ULWHULD
1R
,7$$&1R
'HVLJQ&RPPLWPHQW
,QVSHFWLRQV7HVWV$QDO\\VHV
$FFHSWDQFH&ULWHULD
1RWXVHGSHU$PHQGPHQW1R>;;;@
7KHIXQFWLRQDODUUDQJHPHQWRIWKH
076LVDVGHVFULEHGLQWKH'HVLJQ
'HVFULSWLRQRIWKLV6HFWLRQ
,QVSHFWLRQRIWKHDVEXLOW
V\\VWHPZLOOEHSHUIRUPHG
7KHDVEXLOW076FRQIRUPV
ZLWKWKHIXQFWLRQDO
DUUDQJHPHQWDVGHVFULEHGLQ
WKH'HVLJQ'HVFULSWLRQRI
WKLV6HFWLRQ
5HYLVH&2/$SSHQGL[&7DEOHDQGFRUUHVSRQGLQJSODQWVSHFLILF7LHU7DEOH
³,QVSHFWLRQV7HVWV$QDO\\VHVDQG$FFHSWDQFH&ULWHULD'DVVKRZQEHORZ
7DEOH
,QVSHFWLRQV7HVWV$QDO\\VHVDQG$FFHSWDQFH&ULWHULD
1R
,7$$&1R
'HVLJQ&RPPLWPHQW
,QVSHFWLRQV7HVWV$QDO\\VHV
$FFHSWDQFH&ULWHULD
1RWXVHGSHU$PHQGPHQW1R>;;;@
7KHIXQFWLRQDODUUDQJHPHQWRIWKH
&'6LVDVGHVFULEHGLQWKH'HVLJQ
'HVFULSWLRQRIWKLV6HFWLRQ
,QVSHFWLRQRIWKHDVEXLOW
V\\VWHPZLOOEHSHUIRUPHG
7KHDVEXLOW&'6FRQIRUPV
ZLWKWKHIXQFWLRQDO
DUUDQJHPHQWDVGHVFULEHGLQ
WKH'HVLJQ'HVFULSWLRQRI
WKLV6HFWLRQ
5HYLVH&2/$SSHQGL[&7DEOHDQGFRUUHVSRQGLQJSODQWVSHFLILF7LHU7DEOH
³,QVSHFWLRQV7HVWV$QDO\\VHVDQG$FFHSWDQFH&ULWHULD'DVVKRZQEHORZ
7DEOH
,QVSHFWLRQV7HVWV$QDO\\VHVDQG$FFHSWDQFH&ULWHULD
1R
,7$$&1R
'HVLJQ&RPPLWPHQW
,QVSHFWLRQV7HVWV$QDO\\VHV
$FFHSWDQFH&ULWHULD
1RWXVHGSHU$PHQGPHQW1R>;;;@
7KHIXQFWLRQDODUUDQJHPHQWRIWKH
,,6LVDVGHVFULEHGLQWKH'HVLJQ
'HVFULSWLRQRIWKLV6HFWLRQ
,QVSHFWLRQRIWKHDVEXLOW
V\\VWHPZLOOEHSHUIRUPHG
7KHDVEXLOW,,6FRQIRUPV
ZLWKWKHIXQFWLRQDO
DUUDQJHPHQWDVGHVFULEHGLQ
WKH'HVLJQ'HVFULSWLRQRI
WKLV6HFWLRQ
DRAFT QJSODQWVSH QJSOD FH&ULWHULD H&ULWHULD'DVVK
VDQG$FFHSWDQFH&ULWHULD
DQG$FFHSWDQ FT FT
,QVSHFWLRQV7HVWV
- @
A PHQWRIWKH
PHQWRIWKH
RA KH'HVLJQ
KH'HVLJQ RA FWLRQ
FWLRQ
,QVSHFWLRQRIWK
,QVSHFWLRQRIWK AF V\\VWHPZLOOE V\\VWHPZLOOE RAAF AF RA R
1' ;;;;
(QFORVXUH
3URSRVHG&KDQJHVWRWKH/LFHQVLQJ%DVLV'RFXPHQWV /$5
3DJH RI
5HYLVH&2/$SSHQGL[&7DEOHDQGFRUUHVSRQGLQJSODQWVSHFLILF7LHU7DEOH
³,QVSHFWLRQV7HVWV$QDO\\VHVDQG$FFHSWDQFH&ULWHULD'DVVKRZQEHORZ
7DEOH
,QVSHFWLRQV7HVWV$QDO\\VHVDQG$FFHSWDQFH&ULWHULD
1R
,7$$&1R
'HVLJQ&RPPLWPHQW
,QVSHFWLRQV7HVWV$QDO\\VHV
$FFHSWDQFH&ULWHULD
1RWXVHGSHU$PHQGPHQW1R>;;;@
7KHIXQFWLRQDODUUDQJHPHQWRIWKH
606LVDVGHVFULEHGLQWKH'HVLJQ
'HVFULSWLRQRIWKLV6HFWLRQ
,QVSHFWLRQRIWKHDVEXLOW
V\\VWHPZLOOEHSHUIRUPHG
7KHDVEXLOW606FRQIRUPV
ZLWKWKHIXQFWLRQDO
DUUDQJHPHQWDVGHVFULEHGLQ
WKH'HVLJQ'HVFULSWLRQRI
WKLV6HFWLRQ
5HYLVH&2/$SSHQGL[&7DEOH DQGFRUUHVSRQGLQJSODQWVSHFLILF7LHU7DEOH
³,QVSHFWLRQV7HVWV$QDO\\VHVDQG$FFHSWDQFH&ULWHULD'DVVKRZQEHORZ
7DEOH
,QVSHFWLRQV7HVWV$QDO\\VHVDQG$FFHSWDQFH&ULWHULD
1R
,7$$&1R
'HVLJQ&RPPLWPHQW
,QVSHFWLRQV7HVWV$QDO\\VHV
$FFHSWDQFH&ULWHULD
1RWXVHGSHU$PHQGPHQW1R>;;;@
7KHIXQFWLRQDODUUDQJHPHQWRIWKH
6-6LVDVGHVFULEHGLQWKH'HVLJQ
'HVFULSWLRQRIWKLV6HFWLRQ
,QVSHFWLRQRIWKHDVEXLOW
V\\VWHPZLOOEHSHUIRUPHG
7KHDVEXLOW6-6FRQIRUPV
ZLWKWKHIXQFWLRQDO
DUUDQJHPHQWDVGHVFULEHGLQ
WKH'HVLJQ'HVFULSWLRQRI
WKLV6HFWLRQ
5HYLVH&2/$SSHQGL[&7DEOHDQGFRUUHVSRQGLQJSODQWVSHFLILF7LHU7DEOH
³,QVSHFWLRQV7HVWV$QDO\\VHVDQG$FFHSWDQFH&ULWHULD'DVVKRZQEHORZ
7DEOH
,QVSHFWLRQV7HVWV$QDO\\VHVDQG$FFHSWDQFH&ULWHULD
1R
,7$$&1R
'HVLJQ&RPPLWPHQW
,QVSHFWLRQV7HVWV$QDO\\VHV
$FFHSWDQFH&ULWHULD
1RWXVHGSHU$PHQGPHQW1R>;;;@
7KHIXQFWLRQDODUUDQJHPHQWRIWKH
(&6LVDVGHVFULEHGLQWKH'HVLJQ
'HVFULSWLRQRIWKLV6HFWLRQ
,QVSHFWLRQRIWKHDVEXLOW
V\\VWHPZLOOEHSHUIRUPHG
7KHDVEXLOW(&6FRQIRUPV
ZLWKWKHIXQFWLRQDO
DUUDQJHPHQWDVGHVFULEHG
LQWKH'HVLJQ'HVFULSWLRQRI
WKLV6HFWLRQ
DRAFTT RQGLQJSODQWVSHFLILF RQGLQJSODQWVS SWDQFH&ULWHULD SWDQFH&
'DVVK DVV H
$QDO\\VH QDO\\VHVDQG$FFHSWDQFH&
VDQG$FFHSWD FT AFT
,QVSHFWLRQV
,QVSHFWLRQV
QW1R>;;
RA UDQJHPHQWRIWKH
UDQJHPHQWRI RA GLQWKH'HVLJQ
LQWKH'HVLJQ
RA WKLV6HFWLRQ
FWLRQ
DR
,QVSHFWLR
,Q RA V\\VWHP V\\V RA RA RA RA RA RA RA RA DR DRRA
1' ;;;;
(QFORVXUH
3URSRVHG&KDQJHVWRWKH/LFHQVLQJ%DVLV'RFXPHQWV /$5
3DJHRI
5HYLVH&2/$SSHQGL[&7DEOHDQGFRUUHVSRQGLQJSODQWVSHFLILF7LHU7DEOH
³,QVSHFWLRQV7HVWV$QDO\\VHVDQG$FFHSWDQFH&ULWHULD'DVVKRZQEHORZ
7DEOH
,QVSHFWLRQV7HVWV$QDO\\VHVDQG$FFHSWDQFH&ULWHULD
1R
,7$$&1R
'HVLJQ&RPPLWPHQW
,QVSHFWLRQV7HVWV$QDO\\VHV
$FFHSWDQFH&ULWHULD
1RWXVHGSHU$PHQGPHQW1R>;;;@
7KHIXQFWLRQDODUUDQJHPHQWRIWKH
=26LVDVGHVFULEHGLQWKH'HVLJQ
'HVFULSWLRQRIWKLV6HFWLRQ
,QVSHFWLRQRIWKHDVEXLOW
V\\VWHPZLOOEHSHUIRUPHG
7KHDVEXLOW=26FRQIRUPV
ZLWKWKHIXQFWLRQDO
DUUDQJHPHQWDVGHVFULEHG
LQWKH'HVLJQ'HVFULSWLRQRI
WKLV6HFWLRQ
5HYLVH&2/$SSHQGL[&7DEOHDQGFRUUHVSRQGLQJSODQWVSHFLILF7LHU7DEOH
³,QVSHFWLRQV7HVWV$QDO\\VHVDQG$FFHSWDQFH&ULWHULD'DVVKRZQEHORZ
7DEOH
,QVSHFWLRQV7HVWV$QDO\\VHVDQG$FFHSWDQFH&ULWHULD
1R
,7$$&1R
'HVLJQ&RPPLWPHQW
,QVSHFWLRQV7HVWV$QDO\\VHV
$FFHSWDQFH&ULWHULD
1RWXVHGSHU$PHQGPHQW1R>;;;@
7KHIXQFWLRQDODUUDQJHPHQWRIWKH
9%6LVDVGHVFULEHGLQWKH'HVLJQ
'HVFULSWLRQRIWKLV6HFWLRQ
,QVSHFWLRQRIWKHDVEXLOW
V\\VWHPZLOOEHSHUIRUPHG
7KHDVEXLOW9%6FRQIRUPV
ZLWKWKHIXQFWLRQDO
DUUDQJHPHQWGHVFULEHGLQ
WKH'HVLJQ'HVFULSWLRQRI
WKLV6HFWLRQ
5HYLVH&2/$SSHQGL[&7DEOHDQGFRUUHVSRQGLQJSODQWVSHFLILF7LHU7DEOH
³,QVSHFWLRQV7HVWV$QDO\\VHVDQG$FFHSWDQFH&ULWHULD'DVVKRZQEHORZ
7DEOH
,QVSHFWLRQV7HVWV$QDO\\VHVDQG$FFHSWDQFH&ULWHULD
1R
,7$$&1R
'HVLJQ&RPPLWPHQW
,QVSHFWLRQV7HVWV$QDO\\VHV
$FFHSWDQFH&ULWHULD
1RWXVHGSHU$PHQGPHQW1R>;;;@
7KHIXQFWLRQDODUUDQJHPHQWRIWKH
9:6LVDVGHVFULEHGLQWKH'HVLJQ
'HVFULSWLRQRIWKLV6HFWLRQ
,QVSHFWLRQRIWKHDVEXLOW
V\\VWHPZLOOEHSHUIRUPHG
7KHDVEXLOW9:6FRQIRUPV
ZLWKWKHIXQFWLRQDO
DUUDQJHPHQWGHVFULEHGLQ
WKH'HVLJQ'HVFULSWLRQRI
WKLV6HFWLRQ
DRAFTT RQGLQJSODQWVSHFLILF RQGLQJSODQWVS HSWDQFH&ULWHULD HSWDQFH&
'DVVK DVV OH
$QDO\\VH QDO\\VHVDQG$FFHSWDQFH&
VDQG$FFHSWDQ AFT AFT W
,QVSHFWLRQV
,QVSHFWLRQV
QW1R>;;
RA UDQJHPHQWRIWKH
UDQJHPHQWRI
RA HGLQWKH'HVLJQ
LQWKH'HVLJQ
RA WKLV6HFWLRQ
KLV6HFWLRQ
DR
,QVSHFWLR
,Q RA V\\VWHP V\\V RA RA RA RA RA RA RA RA DR DRRA
[&7DEOH
[&7DEOH
HVWV$QDO HVWV$QDO D
1' ;;;;
(QFORVXUH
3URSRVHG&KDQJHVWRWKH/LFHQVLQJ%DVLV'RFXPHQWV /$5
3DJHRI
5HYLVH&2/$SSHQGL[&7DEOHDQGFRUUHVSRQGLQJSODQWVSHFLILF7LHU7DEOH
³,QVSHFWLRQV7HVWV$QDO\\VHVDQG$FFHSWDQFH&ULWHULD'DVVKRZQEHORZ
7DEOH
,QVSHFWLRQV7HVWV$QDO\\VHVDQG$FFHSWDQFH&ULWHULD
1R
,7$$&1R
'HVLJQ&RPPLWPHQW
,QVSHFWLRQV7HVWV$QDO\\VHV
$FFHSWDQFH&ULWHULD
1RWXVHGSHU$PHQGPHQW1R>;;;@
7KHIXQFWLRQDODUUDQJHPHQWRIWKH
9;6LVDVGHVFULEHGLQWKH'HVLJQ
'HVFULSWLRQRIWKLV6HFWLRQ
,QVSHFWLRQRIWKHDVEXLOW
V\\VWHPZLOOEHSHUIRUPHG
7KHDVEXLOW9;6FRQIRUPV
ZLWKWKHIXQFWLRQDO
DUUDQJHPHQWGHVFULEHGLQ
WKH'HVLJQ'HVFULSWLRQRI
WKLV6HFWLRQ
5HYLVH&2/$SSHQGL[&7DEOHDQGFRUUHVSRQGLQJSODQWVSHFLILF7LHU7DEOH
³,QVSHFWLRQV7HVWV$QDO\\VHVDQG$FFHSWDQFH&ULWHULD'DVVKRZQEHORZ
7DEOH
,QVSHFWLRQV7HVWV$QDO\\VHVDQG$FFHSWDQFH&ULWHULD
1R
,7$$&1R
'HVLJQ&RPPLWPHQW
,QVSHFWLRQV7HVWV$QDO\\VHV
$FFHSWDQFH&ULWHULD
1RWXVHGSHU$PHQGPHQW1R>;;;@
7KHIXQFWLRQDODUUDQJHPHQWRIWKH
9=6LVDVGHVFULEHGLQWKH'HVLJQ
'HVFULSWLRQRIWKLV6HFWLRQ
,QVSHFWLRQRIWKHDVEXLOW
V\\VWHPZLOOEHSHUIRUPHG
7KHDVEXLOW9=6FRQIRUPV
ZLWKWKHIXQFWLRQDO
DUUDQJHPHQWGHVFULEHGLQ
WKH'HVLJQ'HVFULSWLRQRI
WKLV6HFWLRQ
5HYLVH&2/$SSHQGL[&7DEOHDQGFRUUHVSRQGLQJSODQWVSHFLILF7LHU7DEOH
³,QVSHFWLRQV7HVWV$QDO\\VHVDQG$FFHSWDQFH&ULWHULD'DVVKRZQEHORZ
7DEOH
,QVSHFWLRQV7HVWV$QDO\\VHVDQG$FFHSWDQFH&ULWHULD
1R
,7$$&1R
'HVLJQ&RPPLWPHQW
,QVSHFWLRQV7HVWV$QDO\\VHV
$FFHSWDQFH&ULWHULD
1RWXVHGSHU$PHQGPHQW1R>;;;@
7KHIXQFWLRQDODUUDQJHPHQWRIWKH
9$6LVDVGHVFULEHGLQWKH'HVLJQ
'HVFULSWLRQRIWKLV6HFWLRQ
,QVSHFWLRQRIWKHDVEXLOW
V\\VWHPZLOOEHSHUIRUPHG
7KHDVEXLOW9$6FRQIRUPV
ZLWKWKHIXQFWLRQDO
DUUDQJHPHQWGHVFULEHGLQ
WKH'HVLJQ'HVFULSWLRQRI
WKLV6HFWLRQ
DRAFT JSODQWVSH JSOD H&ULWHULD H&ULWHULD'DVVK
VDQG$FFHSWDQFH&ULWHULD
DQG$FFHSWDQF FT FT
,QVSHFWLRQV7HVWV
HFWLRQ AFT AF A
- @
A PHQWRIWKH
RA KH'HVLJQ
KH'HVLJQ RA FWLRQ
FWLRQ
,QVSHFWLRQRIWKH
,QVSHFWLRQRIWK AF V\\VWHPZLOOEH
\\VWHPZLOOE RAAF AF RA RA RA RA RA RA 7DEOH
7DEOH
1' ;;;;
(QFORVXUH
3URSRVHG&KDQJHVWRWKH/LFHQVLQJ%DVLV'RFXPHQWV /$5
3DJHRI
5HYLVH&2/$SSHQGL[&7DEOHDQGFRUUHVSRQGLQJSODQWVSHFLILF7LHU7DEOH
³,QVSHFWLRQV7HVWV$QDO\\VHVDQG$FFHSWDQFH&ULWHULD'DVVKRZQEHORZ
7DEOH
,QVSHFWLRQV7HVWV$QDO\\VHVDQG$FFHSWDQFH&ULWHULD
1R
,7$$&1R
'HVLJQ&RPPLWPHQW
,QVSHFWLRQV7HVWV$QDO\\VHV
$FFHSWDQFH&ULWHULD
1RWXVHGSHU$PHQGPHQW1R>;;;@
7KHIXQFWLRQDODUUDQJHPHQWRIWKH
9)6LVDVGHVFULEHGLQWKH'HVLJQ
'HVFULSWLRQRIWKLV6HFWLRQ
,QVSHFWLRQRIWKHDVEXLOW
V\\VWHPZLOOEHSHUIRUPHG
7KHDVEXLOW9)6FRQIRUPV
ZLWKWKHIXQFWLRQDO
DUUDQJHPHQWGHVFULEHGLQ
WKH'HVLJQ'HVFULSWLRQRI
WKLV6HFWLRQ
5HYLVH&2/$SSHQGL[&7DEOHDQGFRUUHVSRQGLQJSODQWVSHFLILF7LHU7DEOH
³,QVSHFWLRQV7HVWV$QDO\\VHVDQG$FFHSWDQFH&ULWHULD'DVVKRZQEHORZ
7DEOH
,QVSHFWLRQV7HVWV$QDO\\VHVDQG$FFHSWDQFH&ULWHULD
1R
,7$$&1R
'HVLJQ&RPPLWPHQW
,QVSHFWLRQV7HVWV$QDO\\VHV
$FFHSWDQFH&ULWHULD
1RWXVHGSHU$PHQGPHQW1R>;;;@
7KHIXQFWLRQDODUUDQJHPHQWRIWKH
9&6LVDVGHVFULEHGLQWKH'HVLJQ
'HVFULSWLRQRIWKLV6HFWLRQ
,QVSHFWLRQRIWKHDVEXLOW
V\\VWHPZLOOEHSHUIRUPHG
7KHDVEXLOW9&6FRQIRUPV
ZLWKWKHIXQFWLRQDO
DUUDQJHPHQWGHVFULEHGLQ
WKH'HVLJQ'HVFULSWLRQRI
WKLV6HFWLRQ
DRAFT QJSODQWVSH QJSOD FH&ULWHULD FH&ULWHULD'DVVK
HVDQG$FFHSWDQFH&ULWHULD DQG$FFHSWDQ FT FT
,QVSHFWLRQV7HVWV
- @
A PHQWRIWKH
PHQWR RA WKH'HVLJQ
WKH'HVLJQ RA HFWLRQ
HFWLRQ
,QVSHFWLRQRIWK