Kymco Like 50/125 Repair Manual by Cedric dela Cruz

63(&,),&$7,216

/,.(

7$%/( 2) &217(176 63(&,),&$7,216 63(&,),&$7,216 *(1(5$/ ,1)250$7,21 ,1)250$7,21 ,163(&7,21 $'-8670(17 ,163(&7,21 $'-8670(17 /8%5,&$7,21 6<67(0 6<67(0 (1*,1( 5(029$/ ,167$//$7,21 5(029$/ ,167$//$7,21 &</,1'(5 +($' &</,1'(5 3,6721 +($' &</,1'(5 3,6721 $ & *(1(5$725 *(1(5$725 .,&. 67$57(5 '5,9( 38//(< &/87&+ '5,9(1 38//(< 38//(< ),1$/ 5('8&7,21 5('8&7,21 &5$1.&$6( &5$1.6+$)7 &5$1.&$6( &5$1.6+$)7 )8(/ 6<67(0 6<67(0 )5$0( &29(56 &29(56 67((5,1* +$1'/(%$5 )5217 :+((/ )5217 %5$.( )5217 6+2&. $%625%(5 )5217 )25. )25. 5($5 :+((/ 5($5 %5$.( 5($5 6+2&. $%625%(5 $%625%(5 (/(&75,&$/ (48,30(17 (48,30(17 ,167580(17 6:,7&+(6 /,*+76 ,167580(17 6:,7&+(6 /,*+76 (;+$867 (0,66,21 &21752/ 6<67(0 6<67(0

63(&,),&$7,216

/,.(

63(&,),&$7,216 1DPH 0RGHO

/,.(

/XEULFDWLRQ RLO FDSDFLW\ OLWHU

2YHUDOO ZLGWK PP

$LU FOHDQHU W\SH 1R

2YHUDOO KHLJKW PP

)XHO FDSDFLW\ OLWHU

2YHUDOO OHQJWK PP

:KHHO EDVH PP

(QJLQH W\SH )XHO 8VHG

7\SH

$LU FRROHG VWURNH

&DUEXUHWRU 3LVWRQ GLD PP

JDVROLQH

'LVSODFHPHQW FF

9HQWXUL GLD PP

5HDU ZKHHO

7RWDO

)URQW ZKHHO

*URVV ZHLJKW NJ 5HDU ZKHHO

3HUVRQ .*

7LUHV

,JQLWLRQ V\VWHP W\SH

FF FF )URQW ZKHHO

1HW ZHLJKW NJ

7RWDO

)URQW ZKHHO

5HDU ZKHHO

*URXQG FOHDUDQFH PP

%UDNLQJ GLVWDQFH P

,QLWLDO VSHHG .P K

0LQ WXUQLQJ UDGLXV PP 5 / 6WDUWLQJ V\VWHP )XHO W\SH &\OLQGHU DUUDQJHPHQW &RPEXVWLRQ FKDPEHU W\SH

,JQLWLRQ WLPLQJ ) PDUN 6SDUN SOXJ

3RZHU WR WUDQVPLVVLRQ JHDU 5HGXFWLRQ UDWLR RI SRZHU WR WUDQVPLVVLRQ

P NP K

6WDUWLQJ PRWRU NLFN VWDUWHU *DVROLQH VWURNH PRWRU RLO

&OXWFK W\SH 7UDQVPLVVLRQ JHDU RSHUDWLRQ W\SH 7UDQVPLVVLRQ UDWLR

6HPL VSKHUH

JHDU

7UDQVPLVVLRQ JHDU W\SH

7XUQLQJ DQJOH

2SHQ

$XWRPDWLF FRQWUROOHG

&ORVH 3RUW 2SHQ ([KDXVW WLPLQJ &ORVH 6FDYHQJ 2SHQ H &ORVH ,GOH VSHHG USP

$XWRPDWLF FRQWUROOHG

/XEULFDWLRQ W\SH

r211 6HSDUDWH W\SH

1RQ VWDJH

)URQW ZKHHO

WUDQVPLVVLRQ NJ FPรฐ

5HDU ZKHHO

NJ FPรฐ 5LJKW OHIW q

%UDNH V\VWHP W\SH

)URQW ZKHHO 5HDU ZKHHO

K\GUDXOLF ([SDQGLQJ

6XVSHQVLRQ W\SH

)URQW ZKHHO 5HDU ZKHHO

7HOHVFRSH 8QLW VZLQJ

6KRFN DEVRUEHU W\SH

)URQW ZKHHO

7HOHVFRSH

5HDU ZKHHO

8QLW VZLQJ

1 P USP 1 P USP

$XWRPDWLF FHQWULIXJDO W\SH

0D[ WRUTXH NJ P USP

'U\ PXOWL GLVF FOXWFK

QG UHGXFWLRQ UDWLR 7LUH SUHVVXUH NJ FPรฐ

NZ USP

VW UHGXFWLRQ UDWLR

[ [

NZ USP

9 $+ 3RZHU WUDQVPLVVLRQ JHDU FOXWFK

7ZR VWDJH UHGXFWLRQ a

%RUH [ VWURNH PP

VSHHG

5HGXFWLRQ 7\SH

6LQJOH F\OLQGHU IODW

&5 +6$

ะ

%DWWHU\ FDSDFLW\

NJ FPรฐ

&', HOHFWURPDJQHWLF ,JQLWLRQ qr q%7'&

1*.

6SDUN SOXJ JDS PP

5HHG YDOYH SLVWRQ

&RPSUHVVLRQ UDWLR &RPSUHVVLRQ SUHVVXUH NJ FPรฐ USP

0D[ RXWSXW

3OXQJHU W\SH

USP

9DOYH DUUDQJHPHQW

,QWDNH

RU QRQOHDGHG

:HW VLQJOH

)UDPH W\SH

3LSH XQGHU ERQH

,163(&7,21 $'-8670(17

/,.(

BBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBB

,163(&7,21 $'-8670(17 BBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBB

,163(&7,21 $1' 0$,17(1$1&( 6&+('8/( %5$.( 6<67(0 029,1* '(9,&( '$03,1* '(9,&( 32:(5 '5,9( 6<67(0 (/(&75,&$/ (48,30(17 (1*,1( 27+(56

$'-8670(17 ,163(&7,21 ,163(&7,21 $'-8670(17

/,.(

,163(&7,21 $1' 0$,17(1$1&( 6&+('8/( 1RWH Ï¤PHDQV WLPH IRU LQVSHFWLRQ Ï©PHDQV UHJXODU UHSODFHPHQW IRU WKH VSHFLILHG SDUWV 7KLV LQVSHFWLRQ DQG PDLQWHQDQFH VFKHGXOH LV EDVHG XSRQ DYHUDJH ULGLQJ FRQGLWLRQV 0DFKLQHV VXEMHFWHG WR VHUYH XVH RU ULGGHQ LQ XQXVXDOO\ GXVW\ DUHDV UHTXLUH PRUH IUHTXHQW VHUYLFLQJ )UHTXHQF\ ,QVSHFWLRQ 0DLQWHQDQFH ,WHP 3ULRU

6WHHULQJ KDQGOHEDU

VW (YHU\ (YHU\ PRQWK PRQWKV PRQWKV

&KHFN IRU ORRVHQHVV DQG YHUWLFDO SOD\ 2SHUDWLQJ SHUIRUPDQFH

)URQW IRUN

Ï¤

Ï¤ Ï¤

'DPDJH

Ï¤

&KHFN IRU IURQW IRUN SLYRW LQVWDOODWLRQ

Ï¤

&KHFN IURQW IRUN SLYRW IRU ORRVHQHVV DQG DEQRUPDO QRLVH

/HYHU &DEOH %UDNH 6\VWHP

Ï¤

)UHH SOD\ Ð&#x201D; PP

Ï¤

%UDNH SHUIRUPDQFH

Ï¤

/RRVHQHVV DEQRUPDO QRLVH DQG GDPDJH

Ï¤

'UXP WR OLQLQJ FOHDUDQFH %UDNH GUXP VKRH

&KHFN VWHHULQJ VWHP &KHFN VWHHULQJ VWHP

Ï¤

)URQW UHDU EUDNH OHYHU IUHH SOD\ %UDNH /HYHU %UDNH OHYHU RSHUDWLRQ

Ï¤ Ï¤

%UDNH VKRH DQG OLQLQJ ZHDU

Ï¤ ,QGLFDWRU W\SH

Ï©

%UDNH GUXP ZHDU DQG GDPDJH

Ï¤

6WDQGDUG 5HDU PP 6HUYLFH /LPLWV 5HDU PP

)URQW 0RYLQJ 'HYLFH

7LUH

7LUH SUHVVXUH

5HPDUNV

Ï¤

5LJKW OHIW WXUQLQJ DQJOH 6XVSHQVLRQ

-XGJPHQW 6WDQGDUGV

Ï¤

5HDU

ULGHU NJ FPÃ° NJ FPÃ° 7LUH 6L]H

,163(&7,21 $'-8670(17

/,.(

)UHTXHQF\ ,QVSHFWLRQ 0DLQWHQDQFH ,WHP 3ULRU

0RYLQJ 'HYLFH

0RWRU F\FOH

7LUH FUDFN DQG GDPDJH

Ï¤

7LUH JURRYH DQG DEQRUPDO ZHDU

Ï¤

,PEHGGHG REMHFWV JUDYHO HWF

Ï¤

$[OH QXW ORRVHQHVV

&KHFN ZKHHO ULP ULP HGJH DQG VSRNH SODWH IRU GDPDJH

'DPSLQJ 'HYLFH

VW (YHU\ (YHU\ PRQWK PRQWKV PRQWKV

Ï¤

-XGJPHQW 6WDQGDUGV

*URRYH 'HSWK )URQW PP 5HDU PP

Ï¤

7RUTXH 9DOXHV )URQW D[OH QXW Ð&#x201D; NJ P 5HDU D[OH QXW Ð&#x201D; NJ P

Ï¤

5LP UXQRXW DW ULP HQG )URQW $[LDO PP 5DGLDO PP 5HDU $[LDO PP 5DGLDO PP

&KHFN IURQW ZKHHO EHDU LQJ IRU H[FHVVLYH SOD\ DQG DEQRUPDO QRLVH

Ï¤

&KHFN IURQW ZKHHO EHDU LQJ IRU H[FHVVLYH SOD\ DQG DEQRUPDO QRLVH

Ï¤

'DPDJH

6XVSHQ VLRQ DUP

&RQQHFWLQJ SDUWV ORRVH QHVV DQG DUP GDPDJH

Ï¤

6KRFN

2LO OHDNDJH DQG GDPDJH

Ï¤

Ï¤ Ï¤

Ï¤

7UDQVPLV VLRQ FDVH 2LO OHDNDJH DQG RLO OHYHO

Ï¤

2LO OHYHO 2LO FKHFN EROW KROH DW ORZHU KROH HGJH

,JQLWLRQ GHYLFH

6SDUN SOXJ FRQGLWLRQ

Ï¤

3OXJ JDS Ð&#x201D; PP

(OHFWULFDO %DWWHU\ (TXLSPHQW

7HUPLQDO FRQQHFWLRQ

Ï¤

/RRVH FRQQHFWLRQ DQG GDPDJH

Ï¤

&OXWFK

:LUHV

2SHUDWLRQ

$[OH QXW WRUTXH

6KRFN VSULQJ IUHH OHQJWK

)UDPH 6SULQJ

DEVRUEHU $VVHPEO\ SDUWV ORRVH QHVV DEQRUPDO QRLVH 3RZHU 'ULYH 6\VWHP

5HPDUNV

Ï¤

5HDU ZKHHO WUDQVPLV VLRQ FDVH

$'-8670(17 ,163(&7,21 ,163(&7,21 $'-8670(17

/,.(

)UHTXHQF\ ,QVSHFWLRQ 0DLQWHQDQFH ,WHP 3ULRU

VW (YHU\ (YHU\ PRQWK PRQWKV PRQWKV

3HUIRUPDQFH DQG DEQRUPDO QRLVH %RG\

Ï¤

([KDXVW VPRNH

Ï¤

$LU FOHDQHU

Ï¤

2LO TXDOLW\ DQG TXDQWLW\

Ï¤

&RQGLWLRQV DW ORZ DQG KLJK VSHHGV

/XEULFD 2LO OHDNDJH (QJLQH WLRQ V\VWHP 2LO OHYHO

Ï¤

-XGJPHQW 6WDQGDUGV

5HPDUNV

Â&#x2C6; 2LO OHYHO LQGLFDWRU ,QGLFDWRU OLJKW FRPHV RQ ZKHQ RLO LV LQVXIILFLHQW

Ï¤ Ï¤

&KHFN RLO ILOWHU IRU FORJJLQJ )XHO OHDNDJH &DUEXUHWRU WKURWWOH YDOYH DQG DXWR E\VWDUWHU

Ï¤

)XHO 6\VWHP &KHFN IXHO ILOWHU IRU FORJJLQJ )XHO OHYHO

Ï¤ Ï¤ Ï©(YHU\ \HDUV

)XHO WXEH UHSODFHPHQW 2SHUDWLRQ /LJKWV :LQNHU

:LQNLQJ DFWLRQ GLUW DQG GDPDJH

Ï¤

%X]]HU 6WHHULQJ /RFN

2SHUDWLRQ

5HDUYLHZ 0LUURU 5HIOHFWRU

5HDUYLHZ PLUURU SRVLWLRQ

Ï¤

5HIOHFWRU /LFHQVH 3ODWH

'LUW DQG GDPDJH

Ï¤

&RXQWHU

2SHUDWLRQ

Ï¤

([KDXVW 0XIIOHU

-RLQW ORRVHQHVV DQG GDPDJH

Ï¤

([KDXVW PXIIOHU SHUIRUPDQFH

Ï¤

%RG\ )UDPH

/RRVHQHVV DQG GDPDJH

Ï¤

$EQRUPDO &RQGLWLRQV +DSSHQHG /DVW 7LPH

&KHFN LI WKH DEQRUPDO FRQGLWLRQV RFFXU DJDLQ /XEULFDWLRQ SRLQWV

2WKHUV

5HPRYH FDUERQ GHSRVLWV RQ FRPEXVWLRQ FKDPEHU EUHDWKHU KROH DQG H[KDXVW PXIIOHU

Ï¤ 5HDUYLHZ 0LUURU

Ï¤ Ï¤

$'-8670(17 ,163(&7,21 ,163(&7,21 $'-8670(17

/,.( 0DVWHU &\OLQGHU

%5$.( 6<67(0 ,QVSHFW WKH EUDNH IOXLG OHYHO 5HFRPPHQG EUDNH IOXLG '27

1RUPDO OLPLW

%5$.( /(9(5 0HDVXUH WKH IURQW DQG UHDU EUDNH OHYHU IUHH SOD\V )UHH 3OD\ 5HDU Ð&#x201D; PP

5HDU Ð&#x201D; PP

5HDU!

Â³Ï¦Â´ 0DUNV

,I WKH IUHH SOD\V GR QRW IDOO ZLWKLQ WKH OLPLWV WXUQ WKH ULJKW DQG OHIW DGMXVWLQJ QXWV IRU DGMXVWPHQW

$GMXVWLQJ 1XWV

$'-8670(17 ,163(&7,21 ,163(&7,21 $'-8670(17 %5$.( '580 6+2( %UDNH 6KRH :HDU π%UDNH :HDUρ

/,.(

5HDU!

³Ϧ´ 0DUNV

5HSODFH WKH EUDNH VKRHV LI WKH DUURZ RQ WKH EUDNH DUP DOLJQV ZLWK UHIHUHQFH PDUN³ Ϧ ´ RQ WKH EUDNH SDQHO ZKHQ WKH EUDNH LV IXOO\ DSSOLHG

%UDNH 'UXP :HDU 'DPDJH π%UDNH :HDU 'DPDJHρ &KHFN WKH EUDNH GUXP DSSHDUDQFH IRU GDPDJH &KHFN LI WKH EUDNH OLQLQJ ZHDU LV ZLWKLQ WKH VSHFLILHG VHUYLFH OLPLW &KHFN WKH EUDNH RSHUDWLRQ IRU DEQRUPDO QRLVH DQG EUDNH GUXP LQVLGH IRU ZHDU RU GDPDJH $GMXVWLQJ 1XWV

%5$.( ',6. /,1,1* %UDNH 'LVN 6XUIDFH DQG %UDNH 3DG π%UDNH :HDU :HDUρ &KHFN WKH EUDNH GLVN VXUIDFH IRU VFUDWFK &KHFN LI WKH EUDNH SDG ZHDU LV ZLWKLQ WKH VSHFLILHG VHUYLFH OLPLW

%UDNH 'LVN 5XQ π%UDNH 5XQ RXW ,QVSHFWLRQ ,QVSHFWLRQρ 6WDQG WKH PRWRUF\FOH ZKHHOV RII WKH JURXQG DQG FKHFN LI WKH EUDNH GLVN UXQ RXW LV ZLWKLQ WKH VSHFLILHG VHUYLFH OLPLW %UDNH 'LVN

%5$.( )/8,' /(9(/ ,163(&7,21 %UDNH 0DVWHU &\OLQGHU )OXLG /HYHO π%UDNH ,QVSHFWLRQρ ,QVSHFWLRQ 7XUQ WKH VWHHULQJ KDQGOHEDU XSULJKW DQG FKHFN LI WKH IURQW EUDNH IOXLG OHYHO LV ZLWKLQ WKH VSHFLILHG OLPLWV WKURXJK WKH IURQW EUDNH PDVWHU F\OLQGHU FKHFN KROH

%UDNH 0DVWHU &\OLQGHU

$'-8670(17 ,163(&7,21 ,163(&7,21 $'-8670(17

/,.(

029,1* '(9,&( 7,5(6 7LUH 3UHVVXUH π7LUH 3UHVVXUHρ &KHFN WKH WLUH SUHVVXUH

Ϡ 7LUH SUHVVXUH VKRXOG EH FKHFNHG ZKHQ WLUHV DUH FROG 7LUH 3UHVVXUH RQH ULGHU

)URQW NJ FPð )URQW 5HDU 5HDU NJ FPð 7LUH 6L]H )URQW

5HDU

)URQW :KHHO

π$[OH $[OH 1XW $[OH 6KDIW /RRVHQHVV /RRVHQHVVρ &KHFN WKH IURQW DQG UHDU D[OH QXWV IRU ORRVHQHVV ,I WKH D[OH QXWV DUH ORRVH WLJKWHQ WKHP WR WKH VSHFLILHG WRUTXHV

7RUTXHV )URQW )URQW Д NJ P 5HDU Д NJ P 5HDU π:KHHO :KHHO 5LP 6SRNH 3ODWH 'DPDJH 'DPDJHρ &KHFN WKH ZKHHO ULP DQG VSRNH SODWH IRU ZHDU RU GDPDJH DQG PHDVXUH WKH ULP UXQRXW

$[OH 1XW

5HDU :KHHO

$[OH 1XW

$'-8670(17 ,163(&7,21 ,163(&7,21 $'-8670(17

/,.(

'$03,1* '(9,&( 6+2&. $%625%(56 2LO /HDN 'DPDJH π2LO /HDN 'DPDJHρ )XOO\ DSSO\ WKH IURQW EUDNH DQG FKHFN WKH DFWLRQ RI WKH IURQW VKRFN DEVRUEHU E\ FRPSUHVVLQJ LW VHYHUDO WLPHV &KHFN WKH HQWLUH VKRFN DEVRUEHU DVVHPEO\ IRU ORRVHQHVV RU GDPDJH &KHFN WKH DFWLRQ RI WKH UHDU VKRFN DEVRUEHU E\ FRPSUHVVLQJ LW VHYHUDO WLPHV &KHFN WKH HQWLUH VKRFN DEVRUEHU DVVHPEO\ IRU ORRVHQHVV RU GDPDJH

32:(5 '5,9( 6<67(0 75$160,66,21 &$6( &KHFN WKH UHDU ZKHHO WUDQVPLVVLRQ FDVH VXUURXQGLQJ DUHD IRU RLO OHDNV 6WRS WKH HQJLQH DQG UHPRYH WKH RLO FKHFN EROW

Ϡ 3ODFH WKH PRWRUF\FOH RQ LWV PDLQ VWDQG RQ OHYHO JURXQG

7KH JHDU RLO OHYHO VKDOO EH DW WKH RLO FKHFN EROW KROH ,I WKH RLO OHYHO LV ORZ DGG WKH VSHFLILHG RLO WR WKH SURSHU OHYHO 6SHFLILHG *HDU 2LO 2LO 6$( ,QVWDOO DQG WLJKWHQ WKH RLO FKHFN EROW 7RUTXH Д NJ P 7RUTXH 6WDUW WKH HQJLQH DQG FKHFN IRU RLO OHDNV

2LO &KHFN %ROW

$'-8670(17 ,163(&7,21 ,163(&7,21 $'-8670(17

/,.(

(/(&75,&$/ (48,30(17 ,*1,7,21 $33$5$786 6SDUN 3OXJ π6SDUN 3OXJρ 5HPRYH WKH IUDPH FHQWHU FRYHU 5HPRYH WKH VSDUN SOXJ FDS DQG VSDUN SOXJ &KHFN WKH VSDUN SOXJ IRU ZHDU IRXOLQJ DQG FDUERQ GHSRVLWV 5HPRYH WKH IRXOLQJ DQG FDUERQ GHSRVLWV ZLWK D VSDUN SOXJ FOHDQHU RU ZLUH EUXVK 6SHFLILHG 6SDUN 3OXJ

*DS :HDU DQG )RXOLQJ 'HSRVLWV

:DVKHU 'DPDJH &UDFNV &UDFNV

1*. 6) -$ &5 +6$ 6SDUN 3OXJ *DS *DS Д PP

)DQ

,JQLWLRQ $SSDUDWXV π,JQLWLRQ $SSDUDWXVρ

Ϡ 7KH

&', LJQLWLRQ WLPLQJ LV QRW DGMXVW DEOH ,I WKH WLPLQJ LV LQFRUUHFW FKHFN WKH &', XQLW LJQLWLRQ FRLO DQG $ & JHQHUDWRU DQG UHSODFH DQ\ IDXOW\ SDUWV

5HPRYH WKH ULJKW VLGH UDLO Ö

5HPRYH WKH $ & JHQHUDWRU IDQ FRYHU Ö

5HPRYH WKH WKUHH EROWV DWWDFKLQJ WKH IDQ FRYHU DQG WKHQ UHPRYH WKH IDQ FRYHU :DUP XS WKH HQJLQH DQG FKHFN WKH LJQLWLRQ WLPLQJ ZLWK D WLPLQJ OLJKW

,QGH[ 0DUN :KHQ WKH HQJLQH LV UXQQLQJ DW WKH VSHFLILHG USP WKH LJQLWLRQ WLPLQJ LV FRUUHFW LI WKH ³)´ PDUN RQ WKH IO\ZKHHO DOLJQV ZLWK WKH LQGH[ PDUN RQ WKH FUDQNFDVH ZLWKLQ r q ,JQLWLRQ 7LPLQJ 7LPLQJ qr q%7'& USP

) 0DUN

$'-8670(17 ,163(&7,21 ,163(&7,21 $'-8670(17

/,.(

(1*,1( $LU 6FUHZ

%2'< $W +LJK DQG /RZ 6SHHGV π$W 6SHHGVρ

7KH HQJLQH PXVW EH ZDUP IRU DFFXUDWH LGOH VSHHG DGMXVWPHQW

$GMXVW WKH LGOH VSHHG WR WKH VSHFLILHG UDQJH E\ WXUQLQJ WKH WKURWWOH VWRS VFUHZ DQG DLU VFUHZ ,GOH 6SHHG 6SHHG FF r USP FF r USP 7KURWWOH 6WRS 6FUHZ π$LU $LU &OHDQHU &OHDQHUρ 5HPRYH WKH DLU FOHDQHU FRYHU E\ UHPRYLQJ WKH VHYHQ EROWV FOHDQHU FRYHU VFUHZV

6FUHZV

5HPRYH WKH DLU FOHDQHU HOHPHQW

$LU &OHDQHU

$'-8670(17 ,163(&7,21 ,163(&7,21 $'-8670(17

/,.(

:DVK WKH DLU FOHDQHU HOHPHQW LQ GHWHUJHQW RLO VTXHH]H RXW DQG DOORZ WR GU\

6TXHH]H RXW H[FHVV RLO GU\

1HYHU XVH JDVROLQH RU RUJDQLF YDSRUDEOH RLO ZLWK DFLG RU DONDOL IRU ZDVKLQJ

$IWHU ZDVKLQJ VRDN WKH HOHPHQW LQ FOHDQ HQJLQH RLO 6$( : DQG VTXHH]H RXW H[FHVV RLO 5HLQVWDOO WKH HOHPHQW :DVK

6TXHH]H RXW DQG GU\

6RDN LQ RLO

&\OLQGHU &RPSUHVVLRQ π&\OLQGHU &RPSUHVVLRQρ

Ϡ :DUP

XS WKH FRPSUHVVLRQ WHVW

HQJLQH

EHIRUH

5HPRYH WKH VSDUN SOXJ DQG LQVHUW D FRPSUHVVLRQ JDXJH 2SHQ WKH WKURWWOH YDOYH IXOO\ DQG SXVK WKH VWDUWHU EXWWRQ IRU Д VHFRQGV WR WHVW WKH FRPSUHVVLRQ &RPSUHVVLRQ NJ FPð ,I WKH FRPSUHVVLRQ LV ORZ FKHFN IRU WKH IROORZLQJ x /HDNLQJ F\OLQGHU KHDG JDVNHW x :RUQ SLVWRQ F\OLQGHU ,I WKH FRPSUHVVLRQ LV KLJK LW LQGLFDWHV WKDW FDUERQ GHSRVLWV KDYH DFFXPXODWHG RQ WKH FRPEXVWLRQ FKDPEHU DQG WKH SLVWRQ KHDG

$'-8670(17 ,163(&7,21 ,163(&7,21 $'-8670(17

/,.(

)8(/ 6<67(0 7KURWWOH *ULS )UHH 3OD\ π7KURWWOH 3OD\ρ 0HDVXUH WKH WKURWWOH JULS IUHH SOD\ )UHH 3OD\ 3OD\ Д PP

,I WKH WKURWWOH JULS IUHH SOD\ GRHV QRW IDOO ZLWKLQ WKH VSHFLILHG UDQJH DGMXVW E\ ORRVHQLQJ WKH ORFN QXW DQG WXUQLQJ WKH DGMXVWLQJ QXW

27+(56

/RFN 1XW

$GMXVWLQJ 1XW

/,*+76 +HDGOLJKW π+HDGOLJKW +HDGOLJKWρ )URQW XSSHU FRYHU UHPRYH  ˅ UHPRYH ˄  $GMXVW WKH KHDGOLJKW EHDP E\ ORRVHQLQJ WKH KHDGOLJKW DGMXVWLQJ EROW DQG PRYLQJ WKH DGMXVWLQJ EROW IRUZDUG DQG EDFNZDUG WR D SURSHU SRVLWLRQ 7LJKWHQ WKH DGMXVWLQJ EROW

+HDGOLJKW

/8%5,&$7,21 6<67(0

/,.(

BBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBB

/8%5,&$7,21 6<67(0 BBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBB

6(59,&( ,1)250$7,21 7528%/(6+227,1* (1*,1( 2,/ 2,/ ),/7(5 2,/ 3803

/8%5,&$7,21 6<67(0 /8%5,&$7,21 6<67(0

/,.(

/8%5,&$7,21 6<67(0

/,.(

6(59,&( ,1)250$7,21 *(1(5$/ ,16758&7,216 x 7KH PDLQWHQDQFH RI OXEULFDWLRQ V\VWHP FDQ EH SHUIRUPHG ZLWK WKH HQJLQH LQVWDOOHG LQ WKH IUDPH x 8VH FDUH ZKHQ UHPRYLQJ DQG LQVWDOOLQJ WKH RLO SXPS QRW WR DOORZ GXVW DQG IRUHLJQ PDWWHUV WR HQWHU WKH HQJLQH DQG RLO OLQH x 'R QRW DWWHPSW WR GLVDVVHPEOH WKH RLO SXPS 7KH RLO SXPS PXVW EH UHSODFHG DV D VHW ZKHQ LW UHDFKHV LWV VHUYLFH OLPLW x $IWHU WKH RLO SXPS LV LQVWDOOHG FKHFN HDFK SDUW IRU RLO OHDNV

63(&,),&$7,216

7528%/(6+227,1* 2LO OHYHO WRR ORZ x 1DWXUDO RLO FRQVXPSWLRQ x 2LO OHDNV x :RUQ RU SRRUO\ LQVWDOOHG SLVWRQ ULQJV x :RUQ YDOYH JXLGH RU VHDO

3RRU OXEULFDWLRQ SUHVVXUH x 2LO OHYHO WRR ORZ x &ORJJHG RLO ILOWHU RU RLO SDVVDJHV x 1RW XVH WKH VSHFLILHG RLO

/8%5,&$7,21 6<67(0

/,.(

(1*,1( 2,/ 2,/ /(9(/

x 3ODFH WKH PRWRUF\FOH XSULJKW RQ OHYHO JURXQG IRU HQJLQH RLO OHYHO FKHFN x 5XQ WKH HQJLQH IRU Ð&#x201D; PLQXWHV DQG FKHFN WKH RLO OHYHO DIWHU WKH HQJLQH LV VWRSSHG IRU Ð&#x201D; PLQXWHV

5HPRYH WKH RLO GLSVWLFN DQG FKHFN WKH RLO OHYHO ZLWK WKH RLO GLSVWLFN ,I WKH OHYHO LV QHDU WKH ORZHU OHYHO ILOO WR WKH XSSHU OHYHO ZLWK WKH VSHFLILHG HQJLQH RLO

2LO 'LSVWLFN

2,/ &+$1*(

7KH HQJLQH RLO ZLOO GUDLQ PRUH HDVLO\ ZKLOH WKH HQJLQH LV ZDUP

5HPRYH WKH RLO ILOWHU VFUHHQ FDS ORFDWHG RQ WKH ERWWRP RI WKH HQJLQH WR GUDLQ WKH HQJLQH RLO WKRURXJKO\

2LO )LOWHU 6FUHHQ &DS

$IWHU WKH RLO KDV EHHQ FRPSOHWHO\ GUDLQHG FKHFN WKH ILOWHU VFUHHQ 2 ULQJ IRU GDPDJH DQG UHSODFH LI QHFHVVDU\ ,QVWDOO WKH RLO ILOWHU VFUHHQ VSULQJ DQG ILOWHU VFUHHQ FDS 7RUTXH NJ P )LOO ZLWK WKH VSHFLILHG 6$( : $3, 6* &' HQJLQH RLO WR WKH SURSHU OHYHO 2LO &DSDFLW\ $W GLVDVVHPEO\ OLWHU $W FKDQJH OLWHU FF OLWHU

&KHFN IRU RLO OHDNV DQG WKHQ VWDUW WKH HQJLQH DQG OHW LW LGOH IRU IHZ PLQXWHV 5HFKHFN WKH RLO OHYHO

%ROWV

3XOVHU &RLO

2,/ 3803 5(029$/ 5HPRYH WKH $ & JHQHUDWRU IO\ZKHHO Ã&#x2013;

5HPRYH WKH QLQH ULJKW FUDQNFDVH FRYHU EROWV DQG WKH ULJKW FUDQNFDVH FRYHU 6WDWRU

5LJKW &UDQNFDVH &RYHU

/8%5,&$7,21 6<67(0

/,.( 6WDUWHU ,GOH *HDU

6WDUWHU &OXWFK

5HPRYH WKH JDVNHW DQG GRZHO SLQV 5HPRYH WKH VWDUWHU LGOH JHDU DQG VWDUWHU FOXWFK

*DVNHW

%ROWV

5HPRYH WKH WZR EROWV DQG RLO VHSDUDWRU FRYHU

5HPRYH WKH RLO SXPS GULYHQ JHDU QXW WR UHPRYH WKH RLO SXPS GULYHQ JHDU DQG GULYH FKDLQ

2LO 6HSDUDWRU &RYHU 1XW

2LO 3XPS 'ULYHQ *HDU 5HPRYH WKH RLO SXPS PRXQWLQJ WZR EROWV DQG WKH RLO SXPS

%ROWV

2LO 3XPS

/8%5,&$7,21 6<67(0

/,.( 3XPS %RG\

',6$66(0%/< 5HPRYH WKH VFUHZ DQG GLVDVVHPEOH WKH RLO SXPS

2XWHU 5RWRU

6FUHZ

,163(&7,21 0HDVXUH WKH SXPS ERG\ WR RXWHU URWRU FOHDUDQFH 6HUYLFH /LPLW PP

3XPS %RG\

0HDVXUH WKH LQQHU URWRU WR RXWHU URWRU FOHDUDQFH 6HUYLFH /LPLW PP

,QQHU 5RWRU 0HDVXUH WKH URWRU HQG WR SXPS ERG\ FOHDUDQFH 6HUYLFH /LPLW PP

2XWHU 5RWRU

/8%5,&$7,21 6<67(0

/,.( ,QQHU 5RWRU

6FUHZ

$66(0%/< ,QVWDOO WKH RXWHU URWRU LQQHU URWRU DQG SXPS VKDIW LQWR WKH SXPS ERG\

Ï ,QVHUW WKH SXPS VKDIW E\ DOLJQLQJ WKH IODW RQ WKH VKDIW ZLWK WKH IODW LQ WKH LQQHU URWRU

2XWHU 5RWRU 'RZHO 3LQ

3XPS &RYHU

,QVWDOO WKH GRZHO SLQ ,QVWDOO WKH SXPS FRYHU E\ DOLJQLQJ WKH KROH LQ WKH FRYHU ZLWK WKH GRZHO SLQ

7LJKWHQ WKH VFUHZ WR VHFXUH WKH SXPS FRYHU 0DNH VXUH WKDW WKH SXPS VKDIW URWDWHV IUHHO\ ZLWKRXW ELQGLQJ

2LO 3XPS

6FUHZ $UURZ

,167$//$7,21 ,QVWDOO WKH RLO SXPS LQWR WKH FUDQNFDVH

,QVWDOO WKH RLO SXPS ZLWK WKH DUURZ RQ WKH SXPS ERG\ IDFLQJ XS DQG ILOO WKH RLO SXPS ZLWK HQJLQH RLO EHIRUH LQVWDOODWLRQ

%ROWV

$IWHU WKH RLO SXPS LV LQVWDOOHG WLJKWHQ WKH WZR PRXQWLQJ EROWV

/8%5,&$7,21 6<67(0

/,.( 1XW

,QVWDOO WKH SXPS GULYHQ JHDU DQG GULYH FKDLQ E\ DOLJQLQJ WKH SXPS GULYHQ JHDU ZLWK WKH FXWRXW LQ WKH SXPS VKDIW ,QVWDOO DQG WLJKWHQ WKH SXPS GULYHQ JHDU QXW 7RUTXH NJ P 7RUTXH

3XPS 'ULYHQ *HDU %ROWV

,QVWDOO WKH RLO VHSDUDWRU FRYHU DQG WLJKWHQ WKH EROWV

2LO 6HSDUDWRU &RYHU 6WDUWHU &OXWFK

6WDUWHU ,GOH *HDU ,QVWDOO WKH VWDUWHU LGOH JHDU DQG VWDUWHU FOXWFK ,QVWDOO WKH JDVNHW DQG GRZHO SLQV

*DVNHW

%ROWV

,QVWDOO WKH ULJKW FUDQNFDVH FRYHU DQG WLJKWHQ WKH QLQH EROWV 7RUTXH NJ P 7RUTXH

'LDJRQDOO\ WLJKWHQ WKH EROWV LQ Д

WLPHV

5LJKW &UDQNFDVH &RYHU

(1*,1( 5(029$/ ,167$//$7,21

/,.(

BBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBB

(1*,1( 5(029$/ ,167$//$7,21 BBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBB

6(59,&( ,1)250$7,21 (1*,1( 5(029$/ (1*,1( ,167$//$7,21

(1*,1( 5(029$/ ,167$//$7,21

/,.(

(1*,1( 5(029$/ ,167$//$7,21

/,.(

6(59,&( ,1)250$7,21 *(1(5$/ ,16758&7,216 x $ IORRU MDFN RU RWKHU DGMXVWDEOH VXSSRUW LV UHTXLUHG WR VXSSRUW DQG PDQHXYHU WKH HQJLQH %H FDUHIXO QRW WR GDPDJH WKH PRWRUF\FOH ERG\ FDEOHV DQG ZLUHV GXULQJ HQJLQH UHPRYDO x 8VH VKRS WRZHOV WR SURWHFW WKH PRWRUF\FOH ERG\ GXULQJ HQJLQH UHPRYDO x 3DUWV UHTXLULQJ HQJLQH UHPRYDO IRU VHUYLFLQJ &UDQNFDVH &UDQNVKDIW

72548( 9$/8(6 (QJLQH PRXQWLQJ EROW 5HDU VKRFN DEVRUEHU ORZHU PRXQW EROW (QJLQH KDQJHU EUDFNHW EROW

Ð&#x201D; NJ P Ð&#x201D; NJ P Ð&#x201D; NJ P

(1*,1( 5(029$/ ,167$//$7,21

/,.( $XWR %\VWDUWHU :LUH

(1*,1( 5(029$/ 'LVFRQQHFW WKH EDWWHU\ QHJDWLYH FDEOH 5HPRYH WKH IUDPH ERG\ FRYHU Ö

'LVFRQQHFW WKH HQJLQH QHJDWLYH FDEOH 'LVFRQQHFW WKH VSDUN SOXJ KLJK WHQVLRQ ZLUH 'LVFRQQHFW WKH DXWR E\VWDUWHU ZLUH FRQQHFWRU 'LVFRQQHFW WKH $ & * ZLUH FRQQHFWRU $ & * :LUH &RQQHFWRU

'LVFRQQHFW WKH VWDUWHU PRWRU FDEOH IURP WKH VWDUWHU UHOD\ 5HPRYH WKH VSDUN SOXJ FDS

'LVFRQQHFW WKH IXHO WXEH DW WKH FDUEXUHWRU VLGH 'LVFRQQHFW WKH DXWR IXHO YDOYH YDFXXP WXEH IURP WKH WHH WXEH 'LVFRQQHFW WKH WKURWWOH FDEOH IURP WKH FDUEXUHWRU

7KURWWOH &DEOH

6WDUWHU 5HOD\

&RQQHFWLQJ 7XEH /RRVHQ WKH VHFRQGDU\ DLU FOHDQHU $ , & 9 FRQQHFWLQJ WXEH EDQG FOLS DQG UHPRYH WKH FRQQHFWLQJ WXEH

&OLS

(1*,1( 5(029$/ ,167$//$7,21

/,.(

5HPRYH WKH DLU FOHDQHU EROWV 5HPRYH WKH UHDU EUDNH DGMXVWLQJ QXW FRQQHFWLQJ SLQ DQG UHDU EUDNH FDEOH

5HDU EUDNH DGMXVWLQJ QXW 5HPRYH WKH EDWWHU\ FRQQHFWLRQ ZLUH

:LUHU 5HPRYH WKH UHDU VKRFN DEVRUEHUV PRXQWLQJ EROWV

5HDU 6KRFN $EVRUEHU %ROWV 5HPRYH WKH HQJLQH PRXQWLQJ EROW DQG SXOO RXW WKH HQJLQH ZLWK WKH HQJLQH KDQJHU EUDFNHW EDFNZDUG

%ROWV

(1*,1( 5(029$/ ,167$//$7,21

/,.(

(1*,1( +$1*(5 %5$&.(7 5(029$/ 5HPRYH WKH LJQLWLRQ FRLO IURP WKH HQJLQH KDQJHU 5HPRYH WKH HQJLQH KDQJHU EUDFNHW EROW DQG QXW 5HPRYH WKH HQJLQH

(QJLQH 5HPRYH WKH HQJLQH KDQJHU EUDFNHW ,QVSHFW WKH HQJLQH KDQJHU EXVKLQJV DQG VWRSSHU UXEEHUV IRU ZHDU RU GDPDJH

(1*,1( +$1*(5 %5$&.(7 ,167$//$7,21 ,QVWDOO WKH HQJLQH KDQJHU EUDFNHW WR WKH HQJLQH ,QVWDOO DQG WLJKWHQ WKH HQJLQH KDQJHU EUDFNHW EROWV (1*,1( ,167$//$7,21 ,QVWDOO WKH HQJLQH DQG WLJKWHQ WKH HQJLQH PRXQWLQJ EROWV 7RUTXH NJ P 7RUTXH 7LJKWHQ WKH UHDU VKRFN DEVRUEHUV PRXQWLQJ EROWV 7RUTXH 8S VLGH NJ P 7RUTXH 'RZQ VLGH NJ P ,QVWDOO WKH UHPRYHG SDUWV LQ WKH UHYHUVH RUGHU RI UHPRYDO

7LUH SUHVVXUH VKRXOG EH FKHFNHG ZKHQ WLUHV DUH FROG $IWHU LQVWDOODWLRQ LQVSHFW DQG DGMXVW WKH IROORZLQJ x 7KURWWOH JULS IUHH SOD\ Ã&#x2013;

x 5HDU EUDNH DGMXVWPHQW Ã&#x2013;

%ROW (QJLQH +DQJHU %UDFNHW

6WRSSHU 5XEEHUV

%XVKLQJV

&</,1'(5 +($' &</,1'(5 3,6721

/,.(

BBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBB

&</,1'(5 +($' &</,1'(5 3,6721 BBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBB 6(59,&( ,1)250$7,21 7528%/(6+227,1* &$06+$)7 5(029$/ &</,1'(5 +($' 5(029$/ &</,1'(5 +($' ',6$66(0%/< &</,1'(5 +($' $66(0%/< &</,1'(5 +($' ,167$//$7,21 &</,1'(5 3,6721

&</,1'(5 +($' &</,1'(5 3,6721

/,.(

&</,1'(5 +($' &</,1'(5 3,6721

/,.(

6(59,&( ,1)250$7,21 *(1(5$/ ,16758&7,216 x x x x x x

7KH F\OLQGHU KHDG F\OLQGHU DQG SLVWRQ FDQ EH VHUYLFHG ZLWK WKH HQJLQH LQVWDOOHG LQ WKH IUDPH %HIRUH GLVDVVHPEO\ FOHDQ WKH HQJLQH WR SUHYHQW GXVW IURP HQWHULQJ WKH HQJLQH 5HPRYH DOO JDVNHW PDWHULDO IURP WKH PDWLQJ VXUIDFHV 'R QRW XVH D GULYHU WR SU\ EHWZHHQ WKH F\OLQGHU DQG F\OLQGHU KHDG F\OLQGHU DQG FUDQNFDVH 'R QRW GDPDJH WKH F\OLQGHU LQVLGH DQG WKH SLVWRQ VXUIDFH $IWHU GLVDVVHPEO\ FOHDQ WKH UHPRYHG SDUWV EHIRUH LQVSHFWLRQ :KHQ DVVHPEOLQJ DSSO\ WKH VSHFLILHG HQJLQH RLO WR PRYDEOH SDUWV

63(&,),&$7,216 ,WHP &\OLQGHU KHDG ZDUSDJH 3LVWRQ 2 ' PP IURP ERWWRP RI SLVWRQ VNLUW

6WDQGDUG PP

6HUYLFH /LPLW PP

/,.(

Ð&#x201D;

&\OLQGHU WR SLVWRQ FOHDUDQFH 3LVWRQ SLQ KROH , ' 3LVWRQ SLQ 2 ' 3LVWRQ WR SLVWRQ SLQ FOHDUDQFH 3LVWRQ ULQJ HQG JDS WRS VHFRQG

&RQQHFWLQJ URG VPDOO HQG , ' &\OLQGHU ERUH

Ð&#x201D;

72548( 9$/8(6 &\OLQGHU KHDG EROW ([KDXVW PXIIOHU MRLQW ORFN QXW ([KDXVW PXIIOHU ORFN EROW 6SDUN SOXJ

Ð&#x201D; NJ P Ð&#x201D; NJ P Ð&#x201D; NJ P Ð&#x201D; NJ P

7528%/(6+227,1* Ï¥7528%/(6+227,1* &RPSUHVVLRQ WRR ORZ KDUG VWDUWLQJ RU SRRU SHUIRUPDQFH DW ORZ VSHHG x /HDNLQJ F\OLQGHU KHDG JDVNHW x /RRVH VSDUN SOXJ x :RUQ VWXFN RU EURNHQ SLVWRQ DQG SLVWRQ ULQJV x :RUQ RU GDPDJHG F\OLQGHU DQG SLVWRQ &RPSUHVVLRQ WRR KLJK RYHUKHDWLQJ RU NQRFNLQJ x ([FHVVLYH FDUERQ EXLOG XS LQ F\OLQGHU KHDG RU RQ SLVWRQ KHDG

$EQRUPDO QRLV\ SLVWRQ x :RUQ F\OLQGHU DQG SLVWRQ x :RUQ SLVWRQ SLQ RU SLVWRQ SLQ KROH x :RUQ FRQQHFWLQJ URG VPDOO HQG EHDULQJ

$EQRUPDO QRLV\ SLVWRQ ULQJV x :RUQ VWXFN RU EURNHQ SLVWRQ ULQJV x :RUQ RU GDPDJHG F\OLQGHU

&</,1'(5 +($' &</,1'(5 3,6721

/,.( &\OLQGHU +HDG &RYHU

&$06+$)7 5(029$/ 5HPRYH WKH FHQWHU FRYHU 5HPRYH WKH IRXU F\OLQGHU KHDG FRYHU EROWV DQG VHFRQGDU\ DLU LQOHW WXEH EROWV WR UHPRYH WKH F\OLQGHU KHDG FRYHU

%ROWV 5HPRYH WKH FDP FKDLQ WHQVLRQHU FDS VFUHZ DQG WKH 2 ULQJ

2 ULQJ

7XUQ WKH FDP FKDLQ WHQVLRQHU VFUHZ FORFNZLVH WR WLJKWHQ LW

7XUQ WKH IO\ZKHHO FRXQWHUFORFNZLVH VR WKDW WKH ³7´ PDUN RQ WKH IO\ZKHHO DOLJQV ZLWK WKH LQGH[ PDUN RQ WKH FUDQNFDVH WR EULQJ WKH URXQG KROH RQ WKH FDPVKDIW JHDU IDFLQJ XS WR WKH WRS GHDG FHQWHU RQ WKH FRPSUHVVLRQ VWURNH

7HQVLRQHU 6FUHZ

&DPVKDIW *HDU

5RXQG +ROH

%ROWV

3XQFK 0DUNV

&</,1'(5 +($' &</,1'(5 3,6721

/,.(

&DPVKDIW %HDULQJV 5HPRYH WKH IRXU F\OLQGHU KHDG QXWV DQG ZDVKHUV

'LDJRQDOO\ ORRVHQ WKH F\OLQGHU KHDG QXWV LQ RU WLPHV

PP %ROW

5RFNHU $UP

5HPRYH WKH FDPVKDIW KROGHU DQG GRZHO SLQV

&DPVKDIW +ROGHU 5RFNHU $UP 6KDIW 5HPRYH WKH FDPVKDIW JHDU IURP WKH FDP FKDLQ DQG UHPRYH WKH FDPVKDIW

&$06+$)7 ,163(&7,21 &KHFN HDFK FDP OREH IRU ZHDU RU GDPDJH 0HDVXUH WKH FDP OREH KHLJKW 6HUYLFH /LPLWV FF

,1 PP UHSODFH LI EHORZ (; PP UHSODFH LI EHORZ FF

,1 PP UHSODFH LI EHORZ (; PP UHSODFH LI EHORZ 5RFNHU $UP 6KDIWV

&</,1'(5 +($' &</,1'(5 3,6721 &</,1'(5 +($' 5(029$/ 5HPRYH WKH FDPVKDIW Ö

5HPRYH WKH FDUEXUHWRU Ö

5HPRYH WKH H[KDXVW PXIIOHU 5HPRYH WKH FDUEXUHWRU LQWDNH PDQLIROG

5HPRYH WKH FRROLQJ IDQ FRYHU 5HPRYH WKH HQJLQH FRYHU EROWV DQG VFUHZV 6HSDUDWH WKH HQJLQH FRYHU MRLQW FODZV

/,.(

,QWDNH 0DQLIROG

&</,1'(5 +($' &</,1'(5 3,6721

/,.(

&\OLQGHU +HDG 5HPRYH WKH WZR F\OLQGHU KHDG EROWV 5HPRYH WKH F\OLQGHU KHDG

5HPRYH WKH GRZHO SLQV DQG F\OLQGHU KHDG JDVNHW 5HPRYH WKH FDP FKDLQ JXLGH

5HPRYH DOO JDVNHW UHPQDQWV IURP WKH F\OLQGHU VXUIDFH

%ROWV &\OLQGHU +HDG *DVNHW

&DP &KDLQ *XLGH

x $YRLG GDPDJLQJ WKH F\OLQGHU FRQWDFW VXUIDFH x %H FDUHIXO QRW WR GURS DQ\ JDVNHW UHPQDQWV LQWR WKH HQJLQH ¡

&</,1'(5 +($' ',6$66(0%/< 5HPRYH WKH YDOYH VSULQJ FRWWHUV UHWDLQHUV VSULQJV VSULQJ VHDWV DQG YDOYH VWHP VHDOV XVLQJ D YDOYH VSULQJ FRPSUHVVRU

'RZHO 3LQV

9DOYH 6SULQJ &RPSUHVVRU

x %H VXUH WR FRPSUHVV WKH YDOYH VSULQJV ZLWK D YDOYH VSULQJ FRPSUHVVRU x 0DUN DOO GLVDVVHPEOHG SDUWV WR HQVXUH FRUUHFW UHDVVHPEOH ¡ ¡ 9DOYH 6SULQJ &RPSUHVVRU $WWDFKPHQW

9DOYH 6SULQJ &RPSUHVVRU 9DOYH 6SULQJ &RPSUHVVRU $WWDFKPHQW

&</,1'(5 +($' &</,1'(5 3,6721 5HPRYH FDUERQ GHSRVLWV IURP WKH FRPEXVWLRQ FKDPEHU &OHDQ RII DQ\ JDVNHW UHPQDQWV IURP WKH F\OLQGHU KHDG FRQWDFW VXUIDFH

%H FDUHIXO QRW WR GDPDJH WKH F\OLQGHU KHDG PDWLQJ VXUIDFH

,163(&7,21 &</,1'(5 +($' &KHFN WKH VSDUN SOXJ KROH DQG YDOYH KROH DUHDV IRU FUDFNV &KHFN WKH F\OLQGHU KHDG IRU ZDUSDJH ZLWK D VWUDLJKW HGJH DQG IHHOHU JDXJH 6HUYLFH /LPLW /LPLW PP UHSDLU RU UHSODFH LI RYHU

9$/9( 635,1* )5(( /(1*7+ 0HDVXUH WKH IUHH OHQJWK RI WKH LQQHU DQG RXWHU YDOYH VSULQJV 6HUYLFH /LPLWV /LPLWV ,QQHU PP UHSODFH LI EHORZ 2XWHU PP UHSODFH LI EHORZ

9$/9( 9$/9( *8,'( ,QVSHFW HDFK YDOYH IRU EHQGLQJ EXUQLQJ RU DEQRUPDO VWHP ZHDU &KHFN YDOYH PRYHPHQW LQ WKH JXLGH 0HDVXUH HDFK YDOYH VWHP 2 ' 6HUYLFH /LPLWV /LPLWV ,1 PP UHSODFH LI EHORZ (; PP UHSODFH LI EHORZ

/,.(

&</,1'(5 +($' &</,1'(5 3,6721

/,.(

&</,1'(5 +($' $66(0%/< ,QVWDOO WKH YDOYH VSULQJ VHDWV DQG YDOYH VWHP VHDOV /XEULFDWH HDFK YDOYH VWHP ZLWK HQJLQH RLO DQG LQVHUW WKH YDOYHV LQWR WKH YDOYH JXLGHV %H VXUH WR LQVWDOO QHZ YDOYH VWHP VHDOV 7DS WKH YDOYH VWHPV JHQWO\ ZLWK D SODVWLF KDPPHU IRU Ð&#x201D; WLPHV WR ILUPO\ VHDW WKH FRWWHUV

Ï %H FDUHIXO QRW WR GDPDJH WKH YDOYHV

'RZHO 3LQV

*DVNHW

&</,1'(5 +($' ,167$//$7,21 ,QVWDOO WKH GRZHO SLQV DQG D QHZ F\OLQGHU KHDG JDVNHW ,QVWDOO WKH FDP FKDLQ JXLGH

&DP &KDLQ *XLGH ,QVWDOO WKH F\OLQGHU KHDG

&\OLQGHU +HDG

&$06+$)7 +2/'(5 $66(0%/< ,QVWDOO WKH H[KDXVW YDOYH URFNHU DUP WR WKH Â³(;Â´ PDUN VLGH RI WKH FDPVKDIW KROGHU ,QVWDOO WKH LQWDNH YDOYH URFNHU DUP DQG WKH URFNHU DUP VKDIWV x $OLJQ WKH FXWRXW RQ WKH IURQW HQG RI WKH LQWDNH YDOYH URFNHU DUP VKDIW ZLWK WKH EROW RI WKH FDPVKDIW KROGHU x $OLJQ WKH FURVV FXWRXW RQ WKH H[KDXVW YDOYH URFNHU DUP VKDIW ZLWK WKH EROW RI WKH FDPVKDIW KROGHU Â¡

&DPVKDIW +ROGHU

9DOYH 5RFNHU $UP

&</,1'(5 +($' &</,1'(5 3,6721 &DP &KDLQ &$06+$)7 ,167$//$7,21 7XUQ WKH IO\ZKHHO VR WKDW WKH Â³7Â´ PDUN RQ WKH IO\ZKHHO DOLJQV ZLWK WKH LQGH[ PDUN RQ WKH FUDQNFDVH .HHS WKH URXQG KROH RQ WKH FDPVKDIW JHDU IDFLQJ XS DQG DOLJQ WKH SXQFK PDUNV RQ WKH FDPVKDIW JHDU ZLWK WKH F\OLQGHU KHDG VXUIDFH 3RVLWLRQ WKH LQWDNH DQG H[KDXVW FDP OREHV GRZQ DQG LQVWDOO WKH FDPVKDIW RQWR WKH F\OLQGHU KHDG ,QVWDOO WKH FDP FKDLQ RYHU WKH FDPVKDIW JHDU

/,.( &DPVKDIW *HDU

5RXQG +ROH

3XQFK 0DUNV 'RZHO 3LQV

,QVWDOO WKH GRZHO SLQV

,QVWDOO WKH FDPVKDIW KROGHU ZDVKHUV DQG QXWV RQ WKH F\OLQGHU KHDG 7LJKWHQ WKH IRXU F\OLQGHU KHDG QXWV DQG WZR EROWV 7RUTXH &\OLQGHU KHDG QXW NJ P

&DPVKDIW +ROGHU

x $SSO\ HQJLQH RLO WR WKH WKUHDGV RI WKH F\OLQGHU KHDG QXWV x 'LDJRQDOO\ WLJKWHQ WKH F\OLQGHU KHDG QXWV LQ Ð&#x201D; WLPHV

1XW :DVKHU 7HQVLRQHU 6FUHZ $GMXVW WKH YDOYH FOHDUDQFH Ã&#x2013;

7XUQ WKH FDP FKDLQ WHQVLRQ VFUHZ FRXQWHU FORFNZLVH WR UHOHDVH LW

&</,1'(5 +($' &</,1'(5 3,6721

/,.(

2 ULQJ

$SSO\ HQJLQH RLO WR D QHZ 2 ULQJ DQG LQVWDOO LW 7LJKWHQ WKH FDP FKDLQ WHQVLRQ FDS VFUHZ

%H VXUH WR LQVWDOO WKH 2 ULQJ LQWR WKH JURRYH SURSHUO\

&\OLQGHU +HDG &RYHU

,QVWDOO D QHZ F\OLQGHU KHDG FRYHU JDVNHW DQG LQVWDOO WKH F\OLQGHU KHDG FRYHU ,QVWDOO DQG WLJKWHQ WKH F\OLQGHU KHDG FRYHU EROWV

%H VXUH WR LQVWDOO WKH JDVNHW LQWR WKH JURRYH SURSHUO\

&</,1'(5 +($' &</,1'(5 3,6721

/,.( %ROW

&</,1'(5 3,6721 &</,1'(5 5(029$/ 7XUQ WKH FDP FKDLQ WHQVLRQ VFUHZ FORFNZLVH WR WLJKWHQ LW 5HPRYH WKH WZR EROWV RQ WKH FDP FKDLQ WHQVLRQ

&\OLQGHU

5HPRYH WKH F\OLQGHU KHDG 5HPRYH WKH FDP FKDLQ JXLGH 5HPRYH WKH F\OLQGHU EDVH EROWV 5HPRYH WKH F\OLQGHU

'RZHO 3LQV 5HPRYH WKH F\OLQGHU JDVNHW DQG GRZHO SLQV &OHDQ DQ\ JDVNHW UHPQDQW IURP WKH F\OLQGHU VXUIDFH

3LVWRQ

3,6721 5(029$/ 5HPRYH WKH SLVWRQ SLQ FOLS 3ODFH D FOHDQ VKRS WRZHO LQ WKH FUDQNFDVH WR NHHS WKH SLVWRQ SLQ FOLS IURP IDOOLQJ LQWR WKH FUDQNFDVH 3UHVV WKH SLVWRQ SLQ RXW RI WKH SLVWRQ DQG UHPRYH WKH SLVWRQ 3LVWRQ 5LQJV

&</,1'(5 +($' &</,1'(5 3,6721

/,.(

,QVSHFW WKH SLVWRQ SLVWRQ SLQ DQG SLVWRQ ULQJV 5HPRYH WKH SLVWRQ ULQJV

7DNH FDUH QRW WR GDPDJH RU EUHDN WKH SLVWRQ ULQJV GXULQJ UHPRYDO &OHDQ FDUERQ GHSRVLWV IURP WKH SLVWRQ ULQJ JURRYHV

,QVWDOO WKH SLVWRQ ULQJV RQWR WKH SLVWRQ DQG PHDVXUH WKH SLVWRQ ULQJ WR JURRYH FOHDUDQFH 6HUYLFH /LPLWV /LPLWV 7RS 7RS PP UHSODFH LI RYHU QG PP UHSODFH LI QG RYHU

5HPRYH WKH SLVWRQ ULQJV DQG LQVHUW HDFK SLVWRQ ULQJ LQWR WKH F\OLQGHU ERWWRP 8VH WKH SLVWRQ KHDG WR SXVK HDFK SLVWRQ ULQJ LQWR WKH F\OLQGHU 0HDVXUH WKH SLVWRQ ULQJ HQG JDS 6HUYLFH /LPLW /LPLW PP UHSODFH LI RYHU

0HDVXUH WKH SLVWRQ SLQ KROH , ' 6HUYLFH /LPLW /LPLW PP UHSODFH LI RYHU FF PP UHSODFH LI RYHU

&</,1'(5 +($' &</,1'(5 3,6721 RYHU

0HDVXUH WKH SLVWRQ SLQ 2 ' 6HUYLFH /LPLW /LPLW PP UHSODFH LI EHORZ FF PP UHSODFH LI EHORZ

0HDVXUH WKH SLVWRQ 2 ' 7DNH PHDVXUHPHQW DW PP IURP WKH ERWWRP DQG e WR WKH SLVWRQ SLQ KROH FF 6HUYLFH /LPLW /LPLW PP UHSODFH LI EHORZ FF 6HUYLFH /LPLW /LPLW PP UHSODFH LI EHORZ 0HDVXUH WKH SLVWRQ WR SLVWRQ SLQ FOHDUDQFH 6HUYLFH /LPLW /LPLW PP UHSODFH LI RYHU

&</,1'(5 ,163(&7,21 ,QVSHFW WKH F\OLQGHU ERUH IRU ZHDU RU GDPDJH 0HDVXUH WKH F\OLQGHU , ' DW WKUHH OHYHOV RI WRS PLGGOH DQG ERWWRP DW e WR WKH SLVWRQ SLQ LQ ERWK ; DQG < GLUHFWLRQV FF 6HUYLFH /LPLW /LPLW PP UHSDLU RU UHSODFH LI RYHU FF 6HUYLFH /LPLW /LPLW PP UHSDLU RU UHSODFH LI RYHU 0HDVXUH WKH F\OLQGHU WR SLVWRQ FOHDUDQFH

7KH WUXH URXQGQHVV LV WKH GLIIHUHQFH EHWZHHQ WKH YDOXHV PHDVXUHG LQ ; DQG < GLUHFWLRQV 7KH F\OLQGULFLW\ GLIIHUHQFH EHWZHHQ WKH YDOXHV PHDVXUHG DW WKH WKUHH OHYHOV LV VXEMHFW WR WKH PD[LPXP YDOXH FDOFXODWHG 6HUYLFH /LPLWV /LPLWV 7UXH 5RXQGQHVV 5RXQGQHVV PP UHSDLU RU UHSODFH LI RYHU &\OLQGULFLW\ PP UHSDLU RU UHSODFH LI &\OLQGULFLW\

/,.(

&</,1'(5 +($' &</,1'(5 3,6721

/,.(

,QVSHFW WKH WRS RI WKH F\OLQGHU IRU ZDUSDJH 6HUYLFH /LPLW /LPLW PP UHSDLU RU UHSODFH LI RYHU

0HDVXUH WKH FRQQHFWLQJ URG VPDOO HQG , ' 6HUYLFH /LPLW /LPLW PP UHSODFH LI RYHU FF PP UHSODFH LI RYHU

3,6721 5,1* ,167$//$7,21 ,QVWDOO WKH SLVWRQ ULQJV RQWR WKH SLVWRQ $SSO\ HQJLQH RLO WR HDFK SLVWRQ ULQJ

Ï x %H FDUHIXO QRW WR GDPDJH RU EUHDN WKH SLVWRQ DQG SLVWRQ ULQJV x $OO ULQJV VKRXOG EH LQVWDOOHG ZLWK WKH PDUNLQJV IDFLQJ XS x $IWHU LQVWDOOLQJ WKH ULQJV WKH\ VKRXOG URWDWH IUHHO\ ZLWKRXW VWLFNLQJ

&</,1'(5 +($' &</,1'(5 3,6721

/,.(

3,6721 ,167$//$7,21 5HPRYH DQ\ JDVNHW UHPQDQW IURP WKH FUDQNFDVH VXUIDFH

%H FDUHIXO QRW WR GURS IRUHLJQ PDWWHUV LQWR WKH FUDQNFDVH

3LVWRQ 3LQ 3LVWRQ

,QVWDOO WKH SLVWRQ SLVWRQ SLQ DQG D QHZ SLVWRQ SLQ FOLS

x 3RVLWLRQ WKH SLVWRQ Â³,1Â´ PDUN RQ WKH LQWDNH YDOYH VLGH x 3ODFH D FOHDQ VKRS WRZHO LQ WKH FUDQNFDVH WR NHHS WKH SLVWRQ SLQ FOLS IURP IDOOLQJ LQWR WKH FUDQNFDVH Â¡

3LVWRQ 3LQ &OLS &\OLQGH U

&</,1'(5 ,167$//$7,21 ,QVWDOO WKH GRZHO SLQV DQG D QHZ F\OLQGHU JDVNHW RQ WKH FUDQNFDVH &RDW WKH F\OLQGHU ERUH SLVWRQ DQG SLVWRQ ULQJV ZLWK FOHDQ HQJLQH RLO &DUHIXOO\ ORZHU WKH F\OLQGHU RYHU WKH SLVWRQ E\ FRPSUHVVLQJ WKH SLVWRQ ULQJV

%ROWV x %H FDUHIXO QRW WR GDPDJH RU EUHDN WKH SLVWRQ ULQJV x 6WDJJHU WKH ULQJ HQG JDSV DW e WR WKH SLVWRQ SLQ /RRVHO\ LQVWDOO WKH F\OLQGHU EDVH EROWV ,QVWDOO WKH FDP FKDLQ JXLGH ,QVWDOO WKH FDP FKDLQ WHQVLRQ 7LJKWHQ WKH FDP FKDLQ WHQVLRQ EROWV

$ & *(1(5$725

/,.(

BBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBB

$ & *(1(5$725 BBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBB

6(59,&( ,1)250$7,21 $ & *(1(5$725 5(029$/ $ & *(1(5$725 ,167$//$7,21

$ & *(1(5$725

/,.(

$ & *(1(5$725

/,.(

6(59,&( ,1)250$7,21 *(1(5$/ ,16758&7,216 x $OO $ & JHQHUDWRU PDLQWHQDQFH DQG LQVSHFWLRQ FDQ EH PDGH ZLWK WKH HQJLQH LQVWDOOHG x 5HIHU WR 6HFWLRQ IRU $ & JHQHUDWRU LQVSHFWLRQ

72548( 9$/8( )O\ZKHHO QXW Д NJ P

63(&,$/ 722/6 )O\ZKHHO SXOOHU 8QLYHUVDO KROGHU

$ & *(1(5$725 $ & *(1(5$725 5(029$/

/,.( &RROLQJ )DQ

5HPRYH WKH UHDU ULJKW VLGH FRYHU Ö

5HPRYH WKH IRXU EROWV DWWDFKLQJ WKH FRROLQJ IDQ FRYHU WR UHPRYH WKH IDQ FRYHU

5HPRYH WKH FRROLQJ IDQ E\ UHPRYLQJ WKH FRROLQJ IDQ DWWDFKLQJ IRXU EROWV %ROWV 8QLYHUVDO +ROGHU

+ROG WKH IO\ZKHHO ZLWK DQ XQLYHUVDO KROGHU 5HPRYH WKH IO\ZKHHO QXW

5HPRYH WKH $ & JHQHUDWRU IO\ZKHHO XVLQJ WKH IO\ZKHHO SXOOHU 5HPRYH WKH ZRRGUXII NH\

)O\ZKHHO 3XOOHU

$ & *(1(5$725

/,.(

5HPRYH WKH $ & JHQHUDWRU ZLUH FRQQHFWRU

5HPRYH WKH $ & JHQHUDWRU ZLUH VHW SODWH

:LUH 6HW 3ODWH

5HPRYH WKH SXOVHU FRLO EROWV 5HPRYH WKH $ & JHQHUDWRU ZLUH UXEEHU VOHHYH DQG SXOVHU FRLO IURP WKH ULJKW FUDQNFDVH 5HPRYH WKH WZR EROWV DQG $ & JHQHUDWRU VWDWRU

,167$//$7,21 ,QVWDOO WKH $ & JHQHUDWRU VWDWRU DQG SXOVHU

%ROWV 6WDWRU

FRLO RQWR WKH ULJKW FUDQNFDVH 7LJKWHQ WKH VWDWRU DQG SXOVHU FRLO EROWV 7RUTXHV 3XOVHU &RLO NJ P 6WDWRU

NJ P

,QVWDOO WKH $ & JHQHUDWRU ZLUH UXEEHU VOHHYH DQG $ & JHQHUDWRU ZLUH VHW SODWH

3XOVHU &RLO 6HW 3ODWH :RRGUXII .H\ &RQQHFW WKH $ & JHQHUDWRU ZLUH FRQQHFWRU &OHDQ WKH WDSHU KROH LQ WKH IO\ZKHHO RII DQ\ EXUUV DQG GLUW ,QVWDOO WKH ZRRGUXII NH\ LQ WKH FUDQNVKDIW NH\ZD\

$ & *(1(5$725

/,.( 8QLYHUVDO +ROGHU

,QVWDOO WKH IO\ZKHHO RQWR WKH FUDQNVKDIW ZLWK WKH IO\ZKHHO KROH DOLJQHG ZLWK WKH FUDQNVKDIW ZRRGUXII NH\

,QVWDOO WKH FRROLQJ IDQ

&RROLQJ )DQ

%ROWV

)DQ &RYHU ,QVWDOO WKH IDQ FRYHU ,QVWDOO WKH UHDU ULJKW VLGH FRYHU Ö

$ & *(1(5$725

/,.(

.,&. 67$57(5 '5,9( 38//(< &/87&+ '5,9(1 38//(<

/,.(

BBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBB

.,&. 67$57(5 '5,9( 38//(< &/87&+ '5,9(1 38//(< BBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBB

6(59,&( ,1)250$7,21 7528%/(6+227,1* /()7 &5$1.&$6( &29(5 '5,9( 38//(< &/87&+ '5,9(1 38//(< .,&. 67$57(5

.,&. 67$57(5 '5,9( 38//(< &/87&+ '5,9(1 38//(<

/,.(

.,&. 67$57(5 '5,9( 38//(<

/,.(

&/87&+ '5,9(1 38//(<

6(59,&( ,1)250$7,21 *(1(5$/ ,16758&7,216 x $YRLG JHWWLQJ JUHDVH DQG RLO RQ WKH GULYH EHOW DQG SXOOH\ IDFHV

63(&,),&$7,216

/,.( 6WDQGDUG PP

,WHP

6HUYLFH /LPLW PP

'ULYH SXOOH\ FROODU 2 '

Ð&#x201D;

0RYDEOH GULYH IDFH , '

Ð&#x201D;

:HLJKW UROOHU 2 ' &OXWFK RXWHU , ' 'ULYHQ IDFH VSULQJ IUHH OHQJWK 'ULYHQ IDFH 2 ' 0RYDEOH GULYHQ IDFH , ' 'ULYH EHOW ZLGWK

72548( 9$/8(6 'ULYH IDFH QXW &OXWFK RXWHU QXW &OXWFK GULYH SODWH QXW

Ð&#x201D; NJ P Ð&#x201D; NJ P Ð&#x201D; NJ P

63(&,$/ 722/6 /RFN QXW ZUHQFK PP &OXWFK VSULQJ FRPSUHVVRU %HDULQJ RXWHU GULYHU [ PP 2QH ZD\ FOXWFK SXOOHU

8QLYHUVDO KROGHU /RFN QXW VRFNHW ZUHQFK PP %HDULQJ GULYHU SLORW PP 2XWHU GULYHU [ PP

7528%/(6+227,1* (QJLQH VWDUWV EXW PRWRUF\FOH ZRQ ZRQÂµÂµW PRYH x :RUQ GULYH EHOW x %URNHQ UDPS SODWH x :RUQ RU GDPDJHG FOXWFK OLQLQJ

3RRU SHUIRUPDQFH DW KLJK VSHHG RU ODFN RI SRZHU x :RUQ GULYH EHOW x :HDN GULYHQ IDFH VSULQJ x :RUQ ZHLJKW UROOHU x )DXOW\ GULYHQ IDFH

(QJLQH VWDOOV RU PRWRUF\FOH FUHHSV x %URNHQ FOXWFK ZHLJKW VSULQJ

.,&. 67$57(5 '5,9( 38//(<

/,.(

&/87&+ '5,9(1 38//(<

6WHS /()7 &5$1.&$6( &29(5 5(029$/ 5HPRYH WKH EDU DVVHPEO\ ULJKW UHDU VWHS

/HIW &UDQNFDVH &RYHU 5HPRYH WKH OHIW FUDQNFDVH FRYHU EROWV DQG OHIW FUDQNFDVH FRYHU 5HPRYH WKH VHDO UXEEHU DQG GRZHO SLQV

'5,9( 38//(< 5(029$/ +ROG WKH GULYH SXOOH\ XVLQJ DQ XQLYHUVDO KROGHU DQG UHPRYH WKH GULYH IDFH QXW DQG VWDUWLQJ UDWFKHW 5HPRYH WKH GULYH SXOOH\ IDFH

6WDUWLQJ 5DWFKHW

%ORWV 'ULYH 3XOOH\ )DFH

6SHFLDO

8QLYHUVDO +ROGHU

&/87&+ '5,9(1 38//(< 5HPRYH WKH GULYH SXOOH\ DQG GULYH EHOW +ROG WKH FOXWFK RXWHU ZLWK WKH IO\ZKHHO KROGHU DQG UHPRYH WKH FOXWFK RXWHU QXW 5HPRYH WKH FOXWFK RXWHU 5HPRYH WKH FOXWFK GULYHQ SXOOH\ DQG GULYH EHOW

8QLYHUVDO +ROGHU &OXWFK 2XWHU

6SHFLDO

)O\ZKHHO +ROGHU

.,&. 67$57(5 '5,9( 38//(<

/,.(

&/87&+ '5,9(1 38//(<

,163(&7,21 &KHFN WKH GULYH EHOW IRU FUDFNV VHSDUDWLRQ RU DEQRUPDO RU H[FHVVLYH ZHDU 0HDVXUH WKH GULYH EHOW ZLGWK 6HUYLFH /LPLW /LPLW PP UHSODFH LI EHORZ FF PP UHSODFH LI EHORZ

8VH VSHFLILHG JHQXLQH SDUWV IRU UHSODFH PHQW

'ULYH 3XOOH\ &ROODU

5HPRYH WKH PRYDEOH GULYH IDFH DVVHPEO\ 5HPRYH WKH GULYH SXOOH\ FROODU

0RYDEOH 'ULYH )DFH $VVHPEO\ 5DPS 3ODWH

',6$66(0%/< 5HPRYH WKH UDPS SODWH

:HLJKW 5ROOHUV 5HPRYH WKH ZHLJKW UROOHUV

.,&. 67$57(5 '5,9( 38//(< &/87&+ '5,9(1 38//(<

,163(&7,21 &KHFN HDFK ZHLJKW UROOHU IRU ZHDU RU GDPDJH 0HDVXUH HDFK ZHLJKW UROOHU 2 ' 6HUYLFH /LPLW /LPLW PP UHSODFH LI EHORZ FF PP UHSODFH LI EHORZ

0HDVXUH WKH PRYDEOH GULYH IDFH EXVKLQJ , ' 6HUYLFH /LPLW /LPLW PP UHSODFH LI RYHU

&KHFN WKH GULYH SXOOH\ EXVKLQJ IRU ZHDU RU GDPDJH 0HDVXUH WKH 2 ' RI WKH GULYH SXOOH\ EXVKLQJ VOLGLQJ VXUIDFH 6HUYLFH /LPLW /LPLW PP UHSODFH LI EHORZ

/,.(

.,&. 67$57(5 '5,9( 38//(<

/,.(

&/87&+ '5,9(1 38//(< $66(0%/<

,QVWDOO WKH ZHLJKW UROOHUV LQWR WKH PRYDEOH GULYH IDFH

:HLJKW 5ROOHU 5DPS 3ODWH ,QVWDOO WKH UDPS SODWH

.,&. 67$57(5 '5,9( 38//(<

/,.(

&/87&+ '5,9(1 38//(<

'ULYH 3XOOH\ &ROODU ,QVHUW WKH GULYH SXOOH\ FROODU LQWR WKH PRYDEOH GULYH IDFH

,167$//$7,21 ,QVWDOO WKH PRYDEOH GULYH IDFH RQWR WKH FUDQNVKDIW

0RYDEOH 'ULYH )DFH $VVHPEO\

,163(&7,21 ,QVSHFW WKH FOXWFK RXWHU IRU ZHDU RU GDPDJH 0HDVXUH WKH FOXWFK RXWHU , ' 6HUYLFH /LPLW /LPLW PP UHSODFH LI RYHU FF PP UHSODFH LI RYHU

&OXWFK

&/87&+ '5,9(1 38//(< ',6$66(0%/<

'ULYHQ 3XOOH\

.,&. 67$57(5 '5,9( 38//(<

/,.(

&/87&+ '5,9(1 38//(<

&OXWFK 6SULQJ &RPSUHVVRU +ROG WKH FOXWFK GULYHQ SXOOH\ DVVHPEO\ ZLWK WKH FOXWFK VSULQJ FRPSUHVVRU

%H VXUH WR XVH D FOXWFK VSULQJ FRPSUHVVRU WR DYRLG VSULQJ GDPDJH 6SHFLDO

&OXWFK 6SULQJ &RPSUHVVRU 6HW WKH FOXWFK VSULQJ FRPSUHVVRU LQ D YLVH DQG UHPRYH WKH FOXWFK GULYH SODWH QXW

/RFN 1XW :UHQFK

6SHFLDO

/RFN 1XW :UHQFK PP /RRVHQ WKH FOXWFK VSULQJ FRPSUHVVRU DQG GLVDVVHPEOH WKH FOXWFK GULYHQ SXOOH\ DVVHPEO\ 5HPRYH WKH VHDO FROODU

&KHFN WKH GULYHQ IDFH IRU ZHDU RU GDPDJH 0HDVXUH WKH FOXWFK OLQLQJ WKLFNQHVV 6HUYLFH /LPLW /LPLW PP UHSODFH LI EHORZ

2 ULQJ

*XLGH 5ROOHU 3LQ

3XOO RXW WKH JXLGH UROOHU SLQV DQG JXLGH UROOHUV 5HPRYH WKH PRYDEOH GULYHQ IDFH IURP WKH GULYHQ IDFH

0RYDEOH 'ULYHQ )DFH

.,&. 67$57(5 '5,9( 38//(< &/87&+ '5,9(1 38//(< 5HPRYH WKH RLO VHDO IURP WKH PRYDEOH GULYHQ IDFH

,163(&7,21 0HDVXUH WKH GULYHQ IDFH VSULQJ IUHH OHQJWK 6HUYLFH /LPLW /LPLW PP UHSODFH LI EHORZ FF PP UHSODFH LI EHORZ

&KHFN WKH GULYHQ IDFH IRU ZHDU RU GDPDJH 0HDVXUH WKH GULYHQ IDFH 2 ' 6HUYLFH /LPLW /LPLW PP UHSODFH LI EHORZ

&KHFN WKH PRYDEOH GULYHQ IDFH IRU ZHDU RU GDPDJH 0HDVXUH WKH PRYDEOH GULYHQ IDFH , ' 6HUYLFH /LPLW /LPLW PP UHSODFH LI RYHU

/,.( 2LO 6HDO

.,&. 67$57(5 '5,9( 38//(<

/,.(

&/87&+ '5,9(1 38//(<

,QQHU %HDULQJ

'5,9(1 38//(< )$&( %($5,1* 5(3/$&(0(17 'ULYH WKH LQQHU QHHGOH EHDULQJ RXW RI WKH GULYHQ SXOOH\ IDFH

'LVFDUG WKH UHPRYHG EHDULQJ DQG UHSODFH ZLWK D QHZ RQH

5HPRYH WKH VQDS ULQJ DQG GULYH WKH RXWHU EHDULQJ RXW RI WKH GULYHQ IDFH

'LVFDUG WKH UHPRYHG EHDULQJ DQG UHSODFH ZLWK D QHZ RQH

2XWHU %HDULQJ

$SSO\ JUHDVH WR WKH RXWHU EHDULQJ 'ULYH D QHZ RXWHU EHDULQJ LQWR WKH GULYHQ IDFH ZLWK WKH VHDOHG HQG IDFLQJ XS 6SHFLDO

%HDULQJ 'ULYHU

6HDW WKH VQDS ULQJ LQ LWV JURRYH $SSO\ JUHDVH WR WKH GULYHQ IDFH ERUH DUHDV 3DFN DOO EHDULQJ FDYLWLHV ZLWK Д J JUHDVH 6SHFLILHG JUHDVH +HDW UHVLVWDQFH e& 3UHVV D QHZ QHHGOH EHDULQJ LQWR WKH GULYHQ IDFH 6SHFLDO

5HWDLQHU 3ODWH

%HDULQJ 'ULYHU 3LORW PP

&/87&+ ',6$66(0%/< 5HPRYH WKH FLUFOLSV DQG UHWDLQHU SODWH WR GLVDVVHPEOH WKH FOXWFK

Ϡ .HHS JUHDVH RII WKH FOXWFK OLQLQJV &OXWFK /LQLQJ

&LUFOLS

.,&. 67$57(5 '5,9( 38//(< &/87&+ '5,9(1 38//(<

&/87&+ '5,9(1 38//(< $66(0%/<

/,.(

.,&. 67$57(5 '5,9( 38//(<

/,.(

&/87&+ '5,9(1 38//(<

5HWDLQHU 3ODWH

&OXWFK :HLJKWV 6KRHV

,QVWDOO WKH GDPSHU UXEEHUV RQ WKH GULYH SODWH SLQV ,QVWDOO WKH FOXWFK ZHLJKWV VKRHV DQG FOXWFK VSULQJV RQWR WKH GULYH SODWH ,QVWDOO WKH UHWDLQHU SODWH DQG VHFXUH ZLWK WKH FLUFOLSV

&LUFOLS

'ULYH 3ODWH 0RYDEOH 'ULYHQ )DFH

&/87&+ '5,9(1 38//(< $66(0%/< &OHDQ WKH GULYHQ SXOOH\ IDFHV DQG UHPRYH DQ\ JUHDVH IURP WKHP ,QVWDOO WKH RLO VHDO RQWR WKH PRYHDEOH GULYHQ IDFH $SSO\ JUHDVH WR WKH 2 ULQJV DQG LQVWDOO WKHP RQWR WKH PRYHDEOH GULYHQ IDFH

,QVWDOO WKH PRYDEOH GULYHQ IDFH RQWR WKH GULYHQ IDFH $SSO\ JUHDVH WR WKH JXLGH UROOHUV DQG JXLGH UROOHU SLQV DQG WKHQ LQVWDOO WKHP LQWR WKH KROHV RI WKH GULYHQ IDFH

,QVWDOO WKH VHDO FROODU 5HPRYH DQ\ H[FHVVLYH JUHDVH %H VXUH WR FOHDQ WKH GULYHQ IDFH RII DQ\ JUHDVH

*XLGH 5ROOHU 3LQ

*XLGH 5ROOHU

'ULYHQ )DFH

6HW WKH GULYHQ SXOOH\ DVVHPEO\ GULYHQ IDFH VSULQJ DQG FOXWFK DVVHPEO\ RQWR WKH FOXWFK VSULQJ FRPSUHVVRU

$OLJQ WKH IODW VXUIDFH RI WKH GULYHQ IDFH ZLWK WKH IODW RQ WKH FOXWFK GULYH SODWH

0RYDEOH 'ULYHQ )DFH

.,&. 67$57(5 '5,9( 38//(<

/,.(

&/87&+ '5,9(1 38//(<

&OXWFK 6SULQJ &RPSUHVVRU &RPSUHVV WKH FOXWFK VSULQJ FRPSUHVVRU DQG LQVWDOO WKH GULYH SODWH QXW 6HW WKH FOXWFK VSULQJ FRPSUHVVRU LQ D YLVH DQG WLJKWHQ WKH GULYH SODWH QXW WR WKH VSHFLILHG WRUTXH 7RUTXH NJ P 7RUTXH

%H VXUH WR XVH D FOXWFK VSULQJ FRPSUHVVRU WR DYRLG VSULQJ GDPDJH /RFN 1XW :UHQFK 6SHFLDO

&OXWFK 6SULQJ &RPSUHVVRU

,167$//$7,21 ,QVWDOO WKH FOXWFK GULYHQ SXOOH\ RQWR WKH GULYH VKDIW

.HHS JUHDVH RII WKH GULYH VKDIW

,QVWDOO WKH FOXWFK RXWHU +ROG WKH FOXWFK RXWHU ZLWK WKH IO\ZKHHO KROGHU ,QVWDOO DQG WLJKWHQ WKH FOXWFK RXWHU QXW 7RUTXH NJ P 7RUTXH

&OXWFK 'ULYHQ 3XOOH\ &OXWFK 2XWHU

6SHFLDO

)O\ZKHHO +ROGHU ,QVWDOO WKH GULYH EHOW

,QVWDOO WKH GULYH SXOOH\ IDFH VWDUWLQJ UDWFKHW DQG GULYH IDFH QXW

)O\ZKHHO +ROGHU 'ULYH 3XOOH\

:KHQ LQVWDOOLQJ WKH GULYH SXOOH\ IDFH FRPSUHVV LW WR OHW WKH GULYH EHOW PRYH GRZQZDUG WR WKH ORZHVW SRVLWLRQ VR WKDW WKH GULYH SXOOH\ FDQ EH WLJKWHQHG ,QVWDOO WKH VWDUWLQJ UDWFKHW E\ DOLJQLQJ WKH VWDUWLQJ UDWFKHW WHHWK ZLWK WKH FUDQNVKDIW WHHWK 'R QRW JHW RLO RU JUHDVH RQ WKH GULYH EHOW RU SXOOH\ IDFHV 7RUTXH NJ P 6WDUWLQJ 5DWFKHW

8QLYHUVDO +ROGHU

.,&. 67$57(5 '5,9( 38//(<

/,.(

&/87&+ '5,9(1 38//(<

&LUFOLS .,&. 67$57(5 5(029$/ 5HPRYH WKH OHIW FUDQNFDVH FRYHU 5HPRYH WKH VHDO UXEEHU DQG GRZHO SLQV 5HPRYH WKH NLFN OHYHU 5HPRYH WKH FLUFOLS DQG ZDVKHU IURP WKH NLFN VWDUWHU VSLQGOH

.LFN 6WDUWHU 6SLQGOH 6WDUWHU 'ULYHQ *HDU *HQWO\ WXUQ WKH NLFN VWDUWHU VSLQGOH WR UHPRYH WKH VWDUWHU GULYHQ JHDU WRJHWKHU ZLWK WKH IULFWLRQ VSULQJ

5HPRYH WKH NLFN VWDUWHU VSLQGOH DQG UHWXUQ VSULQJ IURP WKH OHIW FUDQNFDVH FRYHU 5HPRYH WKH NLFN VWDUWHU VSLQGOH EXVKLQJ

5HWXUQ 6SULQJ

)ULFWLRQ 6SULQJ

.LFN 6WDUWHU 6SLQGOH ,163(&7,21 ,QVSHFW WKH NLFN VWDUWHU VSLQGOH DQG JHDU IRU ZHDU RU GDPDJH ,QVSHFW WKH UHWXUQ VSULQJ IRU ZHDNQHVV RU GDPDJH ,QVSHFW WKH NLFN VWDUWHU VSLQGOH EXVKLQJV IRU ZHDU RU GDPDJH

3ODVWLF %XVKLQJ

6SLQGOH %XVKLQJ

6SLQGOH

5HWXUQ 6SULQJ

.,&. 67$57(5 '5,9( 38//(<

/,.(

&/87&+ '5,9(1 38//(<

6WDUWHU 'ULYHQ *HDU ,QVSHFW WKH VWDUWHU GULYHQ JHDU IRU ZHDU RU GDPDJH ,QVSHFW WKH IULFWLRQ VSULQJ IRU ZHDU RU GDPDJH

)ULFWLRQ 6SULQJ .LFN 6WDUWHU 6SLQGOH )RUFLQJ 3DUW

,QVSHFW WKH NLFN VWDUWHU VSLQGOH DQG VWDUWHU GULYHQ JHDU IRUFLQJ SDUWV IRU ZHDU RU GDPDJH

6WDUWHU 'ULYHQ *HDU 6KDIW )RUFLQJ 3DUW 6WDUWLQJ 5DWFKHW

,167$//$7,21 ,QVWDOO WKH NLFN VWDUWHU VSLQGOH EXVKLQJV DQG UHWXUQ VSULQJ RQWR WKH OHIW FUDQNFDVH FRYHU :KHQ LQVWDOOLQJ WKH UHWXUQ VSULQJ XVH D VFUHZ GULYHU WR SUHVV WKH LQZDUG DQG RXWZDUG UHWXUQ VSULQJ KRRNV LQWR WKHLU RULJLQDO SRVLWLRQV UHVSHFWLYHO\ .LFN 6WDUWHU 6SLQGOH

)ULFWLRQ 6SULQJ

,QVWDOO WKH VWDUWHU GULYHQ JHDU DQG IULFWLRQ VSULQJ DV WKH ILJXUH VKRZQ

,QVWDOO WKH NLFN OHYHU ,QVWDOO WKH OHIW FUDQNFDVH FRYHU DQG WLJKWHQ WKH FRYHU EROWV GLDJRQDOO\

/HIW &UDQNFDVH &RYHU

),1$/ 5('8&7,21

/,.(

BBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBB

),1$/ 5('8&7,21 BBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBB

6(59,&( ,1)250$7,21 7528%/(6+227,1* ),1$/ 5('8&7,21 ',6$66(0%/< ),1$/ 5('8&7,21 ,163(&7,21 ),1$/ 5('8&7,21 $66(0%/<

),1$/ 5('8&7,21

/,.(

),1$/ 5('8&7,21

/,.(

6(59,&( ,1)250$7,21 *(1(5$/ ,16758&7,216 x :KHQ UHSODFLQJ WKH GULYH VKDIW XVH D VSHFLDO WRRO WR KROG WKH EHDULQJ LQQHU UDFH IRU WKLV RSHUDWLRQ 63(&,),&$7,216 6SHFLILHG 2LO *($5 2,/ 6$( 2LO &DSDFLW\ $W FKDQJH OLWHU $W GLVDVVHPEO\ OLWHU 72548( 9$/8(6 7UDQVPLVVLRQ FDVH FRYHU EROW NJ P 63(&,$/ 722/6 'ULYHU KDQGOH $ 2XWHU GULYHU [ PP 2XWHU GULYHU [ PP 2XWHU GULYHU [ PP 3LORW PP 3LORW PP 3LORW PP &UDQNFDVH DVVHPEO\ WRRO â&#x2C6;&#x2019; $VVHPEO\ VKDIW â&#x2C6;&#x2019; $VVHPEO\ FROODU 7528%/(6+227,1* (QJLQH VWDUWV EXW PRWRUF\FOH ZRQ ZRQÂ¶Â¶W PRYH x 'DPDJHG WUDQVPLVVLRQ x 6HL]HG RU EXUQW WUDQVPLVVLRQ 2LO OHDNV x 2LO OHYHO WRR KLJK x :RUQ RU GDPDJHG RLO VHDO

),1$/ 5('8&7,21

/,.(

),1$/ 5('8&7,21 ',6$66(0%/< 5HPRYH WKH H[KDXVW PXIIOHU 5HPRYH WKH UHDU ZKHHO Ã&#x2013;

5HPRYH WKH UHDU EUDNH FDEOH Ã&#x2013;

5HPRYH WKH OHIW FUDQNFDVH FRYHU Ã&#x2013;

5HPRYH WKH FOXWFK GULYHQ SXOOH\ Ã&#x2013;

'UDLQ WKH WUDQVPLVVLRQ JHDU RLO LQWR D FOHDQ FRQWDLQHU 5HPRYH WKH WUDQVPLVVLRQ FDVH FRYHU DWWDFKLQJ EROWV 5HPRYH WKH WUDQVPLVVLRQ FDVH FRYHU 5HPRYH WKH JDVNHW DQG GRZHO SLQV

%ROWV )LQDO *HDU

5HPRYH WKH ILQDO JHDU DQG FRXQWHUVKDIW

'ULYH 6KDIW

&RXQWHUVKDIW

),1$/ 5('8&7,21 ,163(&7,21 ,QVSHFW WKH FRXQWHUVKDIW DQG JHDU IRU ZHDU RU GDPDJH

&RXQWHUVKDIW ,QVSHFW WKH ILQDO JHDU DQG ILQDO VKDIW IRU ZHDU GDPDJH RU VHL]XUH

),1$/ 5('8&7,21

/,.( 'ULYH 6KDIW %HDULQJ

)LQDO 6KDIW %HDULQJ

&KHFN WKH OHIW FUDQNFDVH EHDULQJV IRU H[FHVVLYH SOD\ DQG LQVSHFW WKH RLO VHDO IRU ZHDU RU GDPDJH

&RXQWHUVKDIW %HDULQJ 'ULYH 6KDIW %HDULQJ

2LO 6HDO

&KHFN WKH WUDQVPLVVLRQ FDVH FRYHU EHDULQJV IRU H[FHVVLYH SOD\ DQG LQVSHFW WKH ILQDO VKDIW EHDULQJ RLO VHDO IRU ZHDU RU GDPDJH

'R QRW UHPRYH WKH WUDQVPLVVLRQ FDVH FRYHU H[FHSW IRU QHFHVVDU\ SDUW UHSODFH PHQW :KHQ UHSODFLQJ WKH GULYH VKDIW DOVR UHSODFH WKH EHDULQJ DQG RLO VHDO &RXQWHUVKDIW %HDULQJ &RXQWHUVKDIW %HDULQJ

%($5,1* 5(3/$&(0(17 75$160,66,21 &$6( &29(5

5HPRYH WKH WUDQVPLVVLRQ FDVH FRYHU EHDULQJV XVLQJ D EHDULQJ UHPRYHU 5HPRYH WKH ILQDO VKDIW RLO VHDO

'ULYH QHZ EHDULQJV LQWR WKH WUDQVPLVVLRQ FDVH FRYHU

2LO 6HDO

2XWHU 'ULYHU

),1$/ 5('8&7,21

/,.( %HDULQJ 5HPRYHU PP

%($5,1* 5(3/$&(0(17 /()7 &5$1.&$6(

5HPRYH WKH GULYH VKDIW 5HPRYH WKH GULYH VKDIW RLO VHDO 5HPRYH WKH OHIW FUDQNFDVH EHDULQJV XVLQJ D EHDULQJ UHPRYHU

3LORW 'ULYH QHZ EHDULQJV LQWR WKH OHIW FUDQNFDVH ,QVWDOO D QHZ GULYH VKDIW RLO VHDO

),1$/ 5('8&7,21 $66(0%/< ,QVWDOO WKH GULYH VKDIW LQWR WKH OHIW FUDQNFDVH ,QVSHFW WKH GULYH VKDIW DQG JHDU IRU ZHDU RU GDPDJH

'ULYH 6KDIW

)LQDO *HDU ,QVWDOO WKH ILQDO JHDU DQG ILQDO VKDIW LQWR WKH OHIW FUDQNFDVH ,QVWDOO WKH FRXQWHUVKDIW DQG JHDU LQWR WKH OHIW FUDQNFDVH ,QVWDOO WKH ZDVKHU RQWR WKH FRXQWHUVKDIW ,QVWDOO WKH GRZHO SLQV DQG D QHZ JDVNHW

'ULYH 6KDIW

&RXQWHUVKDIW

),1$/ 5('8&7,21

/,.( 7UDQVPLVVLRQ &DVH &RYHU

,QVWDOO WKH WUDQVPLVVLRQ FDVH FRYHU

,QVWDOO DQG WLJKWHQ WKH WUDQVPLVVLRQ FDVH FRYHU EROWV ,QVWDOO WKH FOXWFK GULYHQ SXOOH\ Ã&#x2013;

,QVWDOO WKH UHDU ZKHHO Ã&#x2013;

,QVWDOO WKH UHDU EUDNH FDEOH Ã&#x2013;

$IWHU LQVWDOODWLRQ ILOO WKH WUDQVPLVVLRQ FDVH ZLWK WKH VSHFLILHG RLO Ã&#x2013;

%ROWV 2LO &KHFN %ROW +ROH 2LO )LOOHU

x 3ODFH WKH PRWRUF\FOH RQ LWV PDLQ VWDQG RQ OHYHO JURXQG x &KHFN WKH RLO VHDOLQJ ZDVKHU IRU ZHDU RU GDPDJH

'UDLQ %ROW 6SHFLILHG *HDU 2LO 2LO .<0&2 6,*0$ *($5 2,/ 6$( 2LO &DSDFLW\ $W GLVDVVHPEO\ OLWHU $W FKDQJH OLWHU ,QVWDOO DQG WLJKWHQ WKH RLO FKHFN EROW 7RUTXH 7RUTXH Ð&#x201D; NJ P 6WDUW WKH HQJLQH DQG FKHFN IRU RLO OHDNV &KHFN WKH RLO OHYHO IURP WKH RLO FKHFN EROW KROH DQG DGG WKH VSHFLILHG RLO WR WKH SURSHU OHYHO LI WKH RLO OHYHO LV ORZ

&5$1.&$6( &5$1.6+$)7

/,.(

``````````````````````````````````````````````````````````````````````````````````````````

&5$1.&$6( &5$1.6+$)7 ``````````````````````````````````````````````````````````````````````````````````````````

6(59,&( ,1)250$7,21 7528%/(6+227,1* &5$1.&$6( 6(3$5$7,21 &5$1.6+$)7 ,163(&7,21 &5$1.&$6( $66(0%/<

&5$1.&$6( &5$1.6+$)7

7RUTXH Ð&#x201D; NJ P

/,.(

&5$1.&$6( &5$1.6+$)7 6(59,&( ,1)250$7,21 *(1(5$/ ,16758&7,216

x 7KLV VHFWLRQ FRYHUV FUDQNFDVH VHSDUDWLRQ WR VHUYLFH WKH FUDQNVKDIW x 7KH IROORZLQJ SDUWV PXVW EH UHPRYHG EHIRUH VHSDUDWLQJ WKH FUDQNFDVH (QJLQH Ã&#x2013;6HFWLRQ

'ULYHQ SXOOH\ Ã&#x2013;6HFWLRQ

&DUEXUHWRU Ã&#x2013;6HFWLRQ

$ & JHQHUDWRU Ã&#x2013;6HFWLRQ

2LO SXPS Ã&#x2013;6HFWLRQ

&\OLQGHU KHDG F\OLQGHU Ã&#x2013;6HFWLRQ

5HHG YDOYH Ã&#x2013;6HFWLRQ

x :KHQ WKH OHIW FUDQNFDVH PXVW EH UHSODFHG UHPRYH WKH IROORZLQJ SDUW LQ DGGLWLRQ WR WKH DERYH )LQDO UHGXFWLRQ UHPRYDO x 6SHFLDO WRROV PXVW EH XVHG IRU FUDQNVKDIW DQG FUDQNFDVH DVVHPEO\ :KHQ VHSDUDWLQJ WKH FUDQNFDVH WKH EHDULQJ ZLOO UHPDLQ LQ WKH FUDQNFDVH DQG LW VKRXOG EH UHPRYHG :KHQ DVVHPEOLQJ GULYH D QHZ EHDULQJ LQWR WKH FUDQNFDVH DQG LQVWDOO D QHZ RLO VHDO

63(&,),&$7,216 ,WHP &RQQHFWLQJ URG ELJ HQG VLGH FOHDUDQFH &RQQHFWLQJ URG ELJ HQG UDGLDO FOHDUDQFH &UDQNVKDIW UXQRXW $ %

/,.( 6WDQGDUG PP

6HUYLFH /LPLW PP

63(&,$/ 722/6 &UDQNFDVH SXOOHU 8QLYHUVDO EHDULQJ SXOOHU &UDQNFDVH DVVHPEO\ FROODU &UDQNFDVH DVVHPEO\ WRRO

%HDULQJ RXWHU GULYHU KDQGOH $ %HDULQJ RXWHU GULYHU [ PP %HDULQJ GULYHU SLORW PP %HDULQJ RXWHU GULYHU [ PP %HDULQJ GULYHU SLORW PP

7528%/(6+227,1* $EQRUPDO HQJLQH QRLVH x ([FHVVLYH FUDQN MRXUQDO EHDULQJ SOD\ x ([FHVVLYH FUDQNSLQ EHDULQJ SOD\ x ([FHVVLYH WUDQVPLVVLRQ EHDULQJ SOD\

&5$1.&$6( &5$1.6+$)7

/,.(

&5$1.&$6( 6(3$5$7,21 5HPRYH WKH FUDQNFDVH DWWDFKLQJ WZR EROWV 6HSDUDWH WKH OHIW DQG ULJKW FUDQNFDVH KDOYHV

'R QRW GDPDJH WKH FUDQNFDVH JDVNHW VXUIDFH

&UDQNFDVH %ROWV 'RZHO 3LQV 5HPRYH WKH JDVNHW DQG GRZHO SLQV

*DVNHW 5HPRYH WKH FUDQNVKDIW IURP WKH OHIW FUDQNFDVH

&OHDQ RII DOO JDVNHW PDWHULDO IURP WKH FUDQNFDVH PDWLQJ VXUIDFHV

$YRLG GDPDJLQJ WKH FUDQNFDVH PDWLQJ VXUIDFHV

&5$1.&$6( &5$1.6+$)7

/,.(

5HPRYH WKH RLO VHDO IURP WKH ULJKW FUDQNFDVH &KHFN WKH RLO VHDO OLS IRU ZHDU RU GHWHULRUDWLRQ 7KH LQVWDOODWLRQ VHTXHQFH LV WKH UHYHUVH RI UHPRYDO

&5$1.6+$)7 ,163(&7,21 0HDVXUH WKH FRQQHFWLQJ URG ELJ HQG VLGH FOHDUDQFH 6HUYLFH /LPLW /LPLW PP UHSODFH LI RYHU

7XUQ WKH FUDQNVKDIW EHDULQJV DQG FKHFN IRU

&RQQHFWLQJ 5RG %LJ (QG

H[FHVVLYH SOD\ ,I WKH\ GR QRW WXUQ VPRRWKO\ TXLHWO\ RU LI WKH\ ILW ORRVHO\ LQ WKH FUDQNVKDIW UHSODFH WKH FUDQNVKDIW DV D VHW

&UDQNVKDIW %HDULQJV &5$1.&$6( $66(0%/< ,QVWDOO WKH FUDQNVKDIW LQWR WKH OHIW FUDQNFDVH

&5$1.&$6( &5$1.6+$)7 ,QVWDOO WKH GRZHO SLQV DQG D QHZ JDVNHW RQWR WKH OHIW FUDQNFDVH

/,.( 'RZHO 3LQV

3ODFH WKH ULJKW FUDQNFDVH RYHU WKH FUDQNVKDIW DQG RQWR WKH OHIW FUDQNFDVH

*DVNHW

7LJKWHQ WKH FUDQNFDVH DWWDFKLQJ WZR EROWV 7RUTXH NJ P 7RUTXH

&UDQNFDVH %ROWV

)8(/ 6<67(0

/,.(

``````````````````````````````````````````````````````````````````````````````````````````

)8(/ 6<67(0 ``````````````````````````````````````````````````````````````````````````````````````````

6(59,&( ,1)250$7,21 7528%/(6+227,1* &$5%85(725 5(029$/ $872 %<67$57(5 $,5 &87 2)) 9$/9( 9$&880 &+$0%(5 )/2$7 &+$0%(5 &$5%85(725 ,167$//$7,21 )8(/ 7$1. )8(/ 81,7 $872 )8(/ 9$/9( $,5 &/($1(5

)8(/ 6<67(0 )8(/ 6<67(0

/,.(

)8(/ 6<67(0

/,.(

6(59,&( ,1)250$7,21 *(1(5$/ ,16758&7,216

*DVROLQH LV YHU\ GDQJHURXV :KHQ ZRUNLQJ ZLWK JDVROLQH NHHS VSDUNV DQG IODPHV DZD\ IURP WKH ZRUNLQJ DUHD *DVROLQH LV H[WUHPHO\ IODPPDEOH DQG LV H[SORVLYH XQGHU FHUWDLQ FRQGLWLRQV %H VXUH WR ZRUN LQ D ZHOO YHQWLODWHG DUHD ¡

x 'R QRW EHQG RU WZLVW FRQWURO FDEOHV 'DPDJHG FRQWURO FDEOHV ZLOO QRW RSHUDWH VPRRWKO\ x :KHQ GLVDVVHPEOLQJ IXHO V\VWHP SDUWV QRWH WKH ORFDWLRQV RI 2 ULQJV 5HSODFH WKHP ZLWK QHZ RQHV GXULQJ DVVHPEO\ x %HIRUH IORDW FKDPEHU GLVDVVHPEO\ ORRVHQ WKH GUDLQ VFUHZ WR GUDLQ WKH UHVLGXDO JDVROLQH LQWR D FOHDQ FRQWDLQHU x $IWHU WKH FDUEXUHWRU LV UHPRYHG SOXJ WKH LQWDNH PDQLIROG VLGH ZLWK D FOHDQ WRZHO WR SUHYHQW IRUHLJQ PDWWHUV IURP HQWHULQJ x 5HPRYH WKH YDFXXP GLDSKUDJP EHIRUH FOHDQLQJ WKH FDUEXUHWRU DLU DQG IXHO SDVVDJHV ZLWK FRPSUHVVHG DLU WR DYRLG GDPDJLQJ WKH YDFXXP GLDSKUDJP x :KHQ WKH PRWRUF\FOH LV QRW XVHG IRU RYHU RQH PRQWK GUDLQ WKH UHVLGXDO JDVROLQH IURP WKH IORDW FKDPEHU WR DYRLG HUUDWLF LGOLQJ DQG FORJJHG VORZ MHW GXH WR GHWHULRUDWHG IXHO x 7KH SLORW VFUHZ LV IDFWRU\ SUH VHW DQG QR DGMXVWPHQW LV QHFHVVDU\ 'XULQJ FDUEXUHWRU GLVDVVHPEO\ QRWH WKH QXPEHU RI WXUQV RI WKH SLORW VFUHZ DQG XVH DV D UHIHUHQFH ZKHQ UHLQVWDOOLQJ LW x $ WDFKRPHWHU PXVW EH XVHG ZKHQ DGMXVWLQJ WKH HQJLQH VSHHG x 7XUQ WKH SLORW VFUHZ LQ RU RXW VORZO\ WR REWDLQ WKH KLJKHVW HQJLQH VSHHG 63(&,),&$7,216

)8(/ 6<67(0

/,.(

63(&,$/ 722/ )ORDW OHYHO JDXJH

7528%/(6+227,1* (QJLQH GRHV QRW VWDUW x 1R IXHO LQ WDQN x 7RR PXFK IXHO JHWWLQJ WR F\OLQGHU x &ORJJHG IXHO ILOWHU x &ORJJHG DLU FOHDQHU

/HDQ PL[WXUH x &ORJJHG IXHO MHWV x )DXOW\ IORDW YDOYH x &ORJJHG IXHO FDS YHQW x )ORDW OHYHO WRR ORZ x &ORJJHG IXHO ILOWHU x &ORJJHG DLU FOHDQHU x %HQW NLQNHG RU UHVWULFWHG IXHO OLQH

(QJLQH LGOHV URXJKO\ VWDOOV RU UXQV SRRUO\ x ,QFRUUHFW LGOH VSHHG x &ORJJHG DLU FOHDQHU x ,JQLWLRQ PDOIXQFWLRQ x ,QWDNH DLU OHDNV x &RPSUHVVLRQ WRR ORZ x )XHO FRQWDPLQDWHG x ,QFRUUHFWO\ DGMXVWHG DLU VFUHZ x )DXOW\ UHHG YDOYH x ,QFRUUHFW IORDW OHYHO x &ORJJHG IXHO MHWV

5LFK PL[WXUH x )DXOW\ IORDW YDOYH x )ORDW OHYHO WRR KLJK x &ORJJHG DLU MHWV

)8(/ 6<67(0

/,.( $XWR %\VWDUWHU :LUH

&$5%85(725 5(029$/ 5HPRYH WKH IUDPH ERG\ FRYHU ร

'LVFRQQHFW WKH DXWR E\VWDUWHU ZLUH FRQQHFWRU

)XHO 7XEH

/RRVHQ WKH GUDLQ VFUHZ DQG GUDLQ WKH IXHO IURP WKH IORDW FKDPEHU 'LVFRQQHFW WKH IXHO WXEH DQG YDFXXP WXEH DW WKH FDUEXUHWRU

9DFXXP 7XEH $GMXVWLQJ 1XW /RFN 1XW

/RRVHQ WKH WKURWWOH FDEOH DGMXVWLQJ QXW DQG ORFN QXW DQG GLVFRQQHFW WKH WKURWWOH FDEOH IURP WKH FDUEXUHWRU /RRVHQ WKH FDUEXUHWRU LQWDNH PDQLIROG EDQG DQG DLU FOHDQHU FRQQHFWLQJ WXEH EDQG VFUHZV DQG WKHQ UHPRYH WKH FDUEXUHWRU

$LU &OHDQHU &RQQHFWLQJ7XEH %DQG

,QWDNH 0DQLIROG %DQG

$872 %<67$57(5 23(5$7,21 ,163(&7,21 0HDVXUH WKH UHVLVWDQFH EHWZHHQ WKH DXWR E\VWDUWHU ZLUH WHUPLQDOV 5HVLVWDQFH ยก PD[ PLQXWHV 5HVLVWDQFH PLQLPXPDIWHU VWRSSLQJ WKH HQJLQH FF ยก

,I WKH UHDGLQJ LV QRW ZLWKLQ WKH OLPLW UHSODFH WKH DXWR E\VWDUWHU ZLWK D QHZ RQH

)8(/ 6<67(0 &RQQHFW D KRVH WR WKH IXHO HQULFKLQJ FLUFXLW RI WKH FDUEXUHWRU &RQQHFW WKH DXWR E\ VWDUWHU \HOORZ ZLUH WR WKH SRVLWLYH

WHUPLQDO RI D EDWWHU\ DQG JUHHQ ZLUH WR WKH QHJDWLYH WHUPLQDO :DLW PLQXWHV DQG EORZ WKH KRVH ZLWK PRXWK RU YDFXXP SXPS ,I WKH SDVVDJH LV EORFNHG WKH DXWR E\VWDUWHU LV QRUPDO 'LVFRQQHFW WKH DXWR E\VWDUWHU IURP WKH EDWWHU\ :DLW PLQXWHV DQG EORZ WKH KRVH ZLWK PRXWK RU YDFXXP SXPS ,I DLU FDQ EH EORZQ LQWR WKH KRVH WKH DXWR E\VWDUWHU LV QRUPDO

/,.(

$XWR %\VWDUWHU

5(029$/ 5HPRYH WKH VHW SODWH VFUHZV DQG VHW SODWH 5HPRYH WKH DXWR E\VWDUWHU IURP WKH FDUEXUHWRU

6FUHZV 6HW 3ODWH %\VWDUWHU 9DOYH $872 %<67$57(5 ,163(&7,21 &KHFN WKH DXWR E\VWDUWHU YDOYH DQG QHHGOH IRU QLFNV ZHDU RU GDPDJH ,I DQ\ IDXOW\ SDUW LV IRXQG UHSODFH WKH DXWR E\VWDUWHU DV D VHW

%\VWDUWHU 1HHGOH 6FUHZV $XWR %\VWDUWHU

,167$//$7,21 ,QVHUW WKH DXWR E\VWDUWHU LQWR WKH FDUEXUHWRU ERG\ XQWLO LW ERWWRPV 3RVLWLRQ WKH VHW SODWH LQWR WKH JURRYH LQ WKH DXWR E\VWDUWHU DQG WLJKWHQ WKH VFUHZV

x %H VXUH WR LQVWDOO WKH DXWR E\VWDUWHU DQG VHW SODWH SURSHUO\ x ,QVWDOO WKH VHW SODWH ZLWK LWV ERWWRP IDFH IDFLQJ GRZQ

6HW 3ODWH

)8(/ 6<67(0

/,.( $LU &XW RII YDOYH &RYHU

$,5 &87 2)) 9$/9( ',6$66(0%/< 'LVFRQQHFW WKH YDFXXP WXEH IURP WKH DLU FXW RII YDOYH 5HPRYH WKH WZR VFUHZV WR UHPRYH WKH DLU FXW RII YDOYH FRYHU VSULQJ DQG YDFXXP GLDSKUDJP

9DFXXP 'LDSKUDJP 6SULQJ 6FUHZV $66(0%/< ,QVWDOO WKH YDFXXP GLDSKUDJP RQWR WKH FDUEXUHWRU ,QVWDOO WKH VSULQJ DQG DLU FXW RII YDOYH FRYHU DQG WKHQ WLJKWHQ WKH WZR VFUHZV

Ï x %H VXUH WR VHW WKH YDFXXP GLDSKUDJP OLS LQWR WKH JURRYH RQ WKH FDUEXUHWRU x :KHQ LQVWDOOLQJ WKH DLU FXW RII YDOYH FRYHU PDNH VXUH WKDW WKH YDFXXP GLDSKUDJP LV SURSHUO\ LQVWDOOHG

$LU &XW RII YDOYH &RYHU

9$&880 &+$0%(5 ',6$66(0%/< 5HPRYH WKH WZR YDFXXP FKDPEHU FRYHU VFUHZV DQG WKH FRYHU

9DFXXP &KDPEHU &RYHU 6SULQ h 5HPRYH WKH VSULQJ DQG YDFXXP GLDSKUDJP SLVWRQ

9DFXXP 'LDSKUDJP 3LVWRQ

)8(/ 6<67(0

/,.(

,QVWDOO 3XVK WKH QHHGOH KROGHU LQ DQG WXUQ LW OHIW WR UHPRYH WKH QHHGOH KROGHU 5HPRYH WKH VSULQJ DQG MHW QHHGOH IURP WKH SLVWRQ

%H FDUHIXO QRW WR GDPDJH WKH YDFXXP GLDSKUDJP

-HW 5HPRYH ,163(&7,21 ,QVSHFW WKH QHHGOH IRU VWHSSHG ZHDU ,QVSHFW WKH YDFXXP SLVWRQ IRU ZHDU RU GDPDJH ,QVSHFW WKH GLDSKUDJP IRU GHWHULRUDWLRQ DQG WHDUV

$66(0%/< ,QVWDOO WKH YDFXXP SLVWRQ GLDSKUDJP LQ WKH FDUEXUHWRU ERG\ DQG DOLJQ WKH WDE RQ WKH GLDSKUDJP ZLWK WKH JURRYH LQ WKH FDUEXUHWRU ERG\ ,QVWDOO WKH VSULQJ ,QVWDOO WKH YDFXXP FKDPEHU FRYHU DQG WLJKWHQ LW ZLWK WKH WZR VFUHZV

9DFXXP 'LDSKUDJP 9DFXXP &KDPEHU &RYHU

%H FDUHIXO QRW WR GDPDJH WKH GLDSKUDJP 9DFXXP 'LDSKUDJP )ORDW &KDPEHU

)/2$7 &+$0%(5 ',6$66(0%/< 5HPRYH WKH IRXU IORDW FKDPEHU VFUHZV DQG WKH IORDW FKDPEHU

6FUHZ

)8(/ 6<67(0

/,.( )ORDW

5HPRYH WKH IORDW SLQ IORDW DQG IORDW YDOYH

)ORDW 9DOYH

)ORDW 3LQ

,163(&7,21 ,QVSHFW WKH IORDW YDOYH DQG YDOYH VHDW IRU GDPDJH RU FORJJLQJ ,QVSHFW WKH IORDW YDOYH DQG YDOYH VHDW FRQWDFW DUHD IRU VWHSSHG ZHDU RU FRQWDPLQDWLRQ

:RUQ RU FRQWDPLQDWHG IORDW YDOYH DQG YDOYH VHDW PXVW EH UHSODFHG EHFDXVH LW ZLOO UHVXOW LQ IORDW OHYHO WRR KLJK GXH WR LQFRPSOHWH DLUWLJKWQHVV

9DOYH 6HDW 6ORZ -HW

5HPRYH WKH PDLQ MHW QHHGOH MHW KROGHU QHHGOH MHW VORZ MHW DQG SLORW VFUHZ

Ϡ x %H FDUHIXO QRW WR GDPDJH WKH IXHO MHWV DQG SLORW VFUHZ x %HIRUH UHPRYLQJ WXUQ WKH SLORW VFUHZ LQ DQG FDUHIXOO\ FRXQW WKH QXPEHU RI WXUQV XQWLO LW VHDWV OLJKWO\ DQG WKHQ PDNH D QRWH RI WKLV x 'R QRW IRUFH WKH SLORW VFUHZ DJDLQVW LWV VHDW WR DYRLG VHDW GDPDJH ¡

0DLQ -HW

1HHGOH -HW

3LORW 6FUHZ

&OHDQ WKH UHPRYHG IXHO MHWV ZLWK GHWHUJHQW RLO DQG EORZ WKHP RSHQ ZLWK FRPSUHVVHG DLU %ORZ FRPSUHVVHG DLU WKURXJK DOO SDVVDJHV RI WKH FDUEXUHWRU ERG\

$OVR UHPRYH DQG FOHDQ WKH YDFXXP FKDPEHU DQG DLU FXW RII YDOYH

)8(/ 6<67(0

/,.(

6ORZ -HW

3LORW 6FUHZ

$66(0%/< ,QVWDOO WKH VORZ MHW QHHGOH MHW QHHGOH MHW KROGHU PDLQ MHW DQG SLORW VFUHZ

5HWXUQ WKH SLORW VFUHZ WR WKH RULJLQDO SRVLWLRQ DV QRWHG GXULQJ UHPRYDO

6WDQGDUG 2SHQLQJ 2SHQLQJ WXUQV

0DLQ -HW

1HHGOH -HW

,QVWDOO WKH IORDW YDOYH IORDW DQG IORDW SLQ

)ORDW 9DOYH

)ORDW 3LQ

)8(/ 6<67(0

/,.( )ORDW /HYHO *DXJH

)/2$7 /(9(/ ,163(&7,21

Ϡ x &KHFN WKH RSHUDWLRQ RI WKH IORDW YDOYH DQG IORDW EHIRUH IORDW OHYHO LQVSHFWLRQ x 0HDVXUH WKH IORDW OHYHO E\ SODFLQJ WKH IORDW OHYHO JDXJH RQ WKH IORDW FKDPEHU IDFH SDUDOOHO ZLWK WKH PDLQ MHW ¡ 0HDVXUH WKH IORDW OHYHO )ORDW /HYHO /HYHO PP

&RQQHFWLQJ 7XEH %DQG

&$5%85(725 ,167$//$7,21 7LJKWHQ WKH GUDLQ VFUHZ ,QVWDOO WKH FDUEXUHWRU RQWR WKH LQWDNH PDQLIROG DOLJQLQJ WKH WDE RQ WKH FDUEXUHWRU ZLWK WKHFXWRXW LQ WKH LQWDNH PDQLIROG 7LJKWHQ WKH EDQG VFUHZ ,QVWDOO WKH DLU FOHDQHU FRQQHFWLQJ WXEH DQG WLJKWHQ WKH EDQG VFUHZ &RQQHFW WKH WKURWWOH FDEOH WR WKH WKURWWOH ZKHHO RQ WKH FDUEXUHWRU 7KURWWOH &DEOH

9DFXXP

&RQQHFW WKH IXHO WXEH DQG YDFXXP WXEH WR WKH FDUEXUHWRU

&RQQHFW WKH DXWR E\VWDUWHU ZLUH FRQQHFWRU 3HUIRUP WKH IROORZLQJ LQVSHFWLRQV DQG DGMXVWPHQWV 7KURWWOH JULS IUHH SOD\ Ö

&DUEXUHWRU LGOH VSHHG Ö

$XWR %\VWDUWHU :LUH &RQQHFWRU

)8(/ 6<67(0

/,.( )XHO 8QLW :LUH &RQQHFWRU

)8(/ 7$1. 5(029$/ 5HPRYH WKH IUDPH ERG\ FRYHU 'LVFRQQHFW WKH IXHO XQLW ZLUH FRQQHFWRU

$XWR )XHO 9DOYH 'LVFRQQHFW WKH IXHO WXEH DQG YDFXXP WXEH DW WKH DXWR IXHO YDOYH

5HPRYH WKH IXHO WDQN IUDPH PRXQWLQJ EROWV DQG IXHO WDQN IUDPH 5HPRYH WKH IXHO WDQN PRXQWLQJ EROWV DQG IXHO WDQN ,167$//$7,21 ,QVWDOO WKH IXHO WDQN LQ WKH UHYHUVH RUGHU RI UHPRYDO

)8(/ 81,7

7LUH SUHVVXUH VKRXOG EH FKHFNHG ZKHQ WLUHV DUH FROG 5(029$/ 'LVFRQQHFW WKH IXHO XQLW ZLUH FRQQHFWRU

Ï 'R QRW EHQG WKH IXHO XQLW IORDW DUP RWKHUZLVH WKH IXHO XQLW PHWHULQJ YDOXHV ZLOO EH LQFRUUHFW

)XHO 7DQN

9DFXXP 7XEH

)8(/ 6<67(0

/,.(

,QVWDOO WKH IXHO XQLW

0DNH VXUH WKH IXHO XQLW ZLUH RQ WKH FRQQHFW SRVLWLRQ

&RQQHFW WKH IXHO XQLW ZLUH FRQQHFWRU ,167$//$7,21 ,QVSHFW WKH IXHO XQLW JDVNHW IRU GDPDJH

)XHO 8QLW :LUH

$872 )8(/ 9$/9(

$XWR )XHO 9DOYH

1R 6PRNLQJ

Ï )LUVW FOHDQ WKH IXHO WXEH

'LVFRQQHFW WKH IXHO WXEH DQG YDFXXP WXEH IURP WKH FDUEXUHWRU &RQQHFW D YDFXXP SXPS WR WKH YDFXXP WXEH DQG DSSO\ YDFXXP &KHFN LI IXHO IORZV RXW Â&#x2021; 7KH YDOYH LV RSHUDWLQJ QRUPDOO\ LI IXHO IORZV RXW RI WKH IXHO WXEH ZKHQ WKH YDFXXP LV DSSOLHG Â&#x2021; 7KH IXHO VKDOO VWRS IORZLQJ RXW ZKHQ WKH YDFXXP SXPS LV GLVFRQQHFWHG ,I WKH IXHO YDOYH GRHV QRW RSHUDWH QRUPDOO\ &KHFN WKH YDFXXP GLDSKUDJP IRU SRRU LQVWDOODWLRQ RU GDPDJH DQG LQVSHFW WKH IXHO WXEH IRU FORJJLQJ

)8(/ 6<67(0 $,5 &/($1(5 /RRVHQ WKH DLU FOHDQHU FRQQHFWLQJ WXEH EDQG VFUHZ 'LVFRQQHFW WKH WUDQVPLVVLRQ FDVH EUHDWKHU WXEH IURP WKH DLU FOHDQHU FDVH 5HPRYH WKH WZR EROWV DQG DLU FOHDQHU FDV

7KH LQVWDOODWLRQ VHTXHQFH LV WKH UHYHUVH RI UHPRYDO

/,.(

%ORWV

$LU &OHDQHU &DVH

)5$0( &29(56

/,.(

BBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBB

)5$0( &29(56 BBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBB

6&+(0$7,& '5$:,1* 6(59,&( ,1)250$7,21 7528%/(6+227,1* )5$0( &29(56 5(029$/ (;+$867 08))/(5 5(029$/

)5$0( &29(56 $66(0%/< '5$:,1*

683(5 7

)5$0( &29(56

/,.(

6(59,&( ,1)250$7,21 x :KHQ UHPRYLQJ IUDPH FRYHUV XVH FDUH QRW WR SXOO WKHP E\ IRUFH EHFDXVH WKH FRYHU MRLQW FODZV PD\ EH GDPDJHG ,WHPV 5HODWHG IRU 5HPRYDO x +DQGOHEDU IURQW FRYHU

+HDGOLJKW ZLUH

x )URQW FRYHU x +DQGOHEDU UHDU FRYHU

6SHHGRPHWHU FDEOH DQG LQVWUXPHQW OLJKW ZLUH FRQQHFWRUV HWF

x )UDPH ERG\ FRYHU

0HW LQ ER[ UHDU FDUULHU UHDU IHQGHU

x )ORRU ERDUG x )URQW WRRO ER[

IUDPH ERG\ FRYHU )URQW FRYHU EDWWHU\ IORRU ERDUG

)5$0( &29(56

/,.( 1XWV

)5$0( &29(56 5(029$/ 5($5 &$55,(5 5HPRYH WKH PHW LQ ER[ )LUVW UHPRYH WKH VHYHQ QXWV DWWDFKLQJ WKH PHW LQ ER[ 5HPRYH WKH PHW LQ ER[

%ROWV

1XWV

5HPRYH WKH WZR EROWV DQG WZR QXWV DWWDFKLQJ WKH UHDU FDUULHU 5HPRYH WKH UHDU FDUULHU

3URWHFWLYH &RYHU )5$0( %2'< &29(5 5(029$/ 5HPRYH WKH WZR QXWV DWWDFKLQJ WKH UHDU SURWHFWLYH FRYHU 5HPRYH WKH UHDU SURWHFWLYH FRYHU

1XWV

)5$0( &29(56

/,.(

5HPRYH WKH WZR VFUHZV RQ WKH ERWWRP RI WKH FHQWHU FRYHU 5HPRYH WKH FHQWHU FRYHU 5HPRYH WKH ERG\ FRYHU

6FUHZV 6FUHZV )/225 )227 5(029$/ )/225 )227 5HPRYH WKH VFUHZV DWWDFKLQJ WKH ULJKW DQG OHIW VLGH FRYHUV 5HPRYH WKH ULJKW DQG OHIW VLGH FRYHUV E\ SXOOLQJ WKHP RXWZDUG

6LGH &RYHU %DWWHU\ :LUH

'LVFRQQHFW WKH EDWWHU\ ZLUH 5HPRYH WKH EDWWHU\

%DWWHU\

)5$0( &29(56

/,.( %ROWV

5HPRYH WKH IORRU PDW 5HPRYH WKH FHQWHU FRYHU Ö

5HPRYH WKH VFUHZV DQG EROWV DWWDFKLQJ WKH IURQW ULJKW DQG OHIW VLGH FRYHUV 5HPRYH WKH ILYH EROWV DWWDFKLQJ WKH IORRU IRRW 5HPRYH WKH IORRU IRRW 7KH LQVWDOODWLRQ VHTXHQFH LV WKH UHYHUVH RI UHPRYDO

)ORRU )RRW 6FUHZV /(* 6+,(/' /2: 5(029$/ 5HPRYH WKH PHW LQ ER[ 5HPRYH WKH ERG\ FRYHU 5HPRYH WKH IORRU IRRW 5HPRYH WKH IURQW XSSHU FRYHU 5HPRYH WKH IRXU VFUHZV DWWDFKLQJ WKH OHJ VKLHOG ORZ 'LVFRQQHFW WKH OHJ VKLHOG ORZ ZLWK WKH FRZO XQGHU FRYHU 7KH LQVWDOODWLRQ VHTXHQFH LV WKH UHYHUVH RI UHPRYDO

/HJ 6KLHOG /RZ

)5217 833(5 &29(5 5(029$/ 5HPRYH WKH HLJKW VFUHZV RQ WKH EDFN RI WKH IURQW XSSHU FRYHU 5HPRYH WKH EROW RQ WKH IURQW RI WKH IURQW XSSHU FRYHU 'LVFRQQHFW WKH VLJQDO OLJKW ZLUH FRQQHFWRU 5HPRYH WKH IURQW XSSHU FRYHU

7KH LQVWDOODWLRQ VHTXHQFH LV WKH UHYHUVH RI UHPRYDO

6FUHZV

%ORWV

)5$0( &29(56 +$1'/(%$5 &29(5 5(029$/ )LUVW UHPRYH WKH ZLQGVKLHOG 5HPRYH WKH WZR VFUHZV DQG WZR EROWV DWWDFKLQJ WKH KDQGOHEDU UHDU FRYHU 5HPRYH WKH KDQGOHEDU UHDU FRYHU 7KH LQVWDOODWLRQ VHTXHQFH LV WKH UHYHUVH RI UHPRYDO

/,.( 6FUHZV

%ORWV 5HPRYH WKH WZR VFUHZV DWWDFKLQJ WKH KDQGOHEDU FRYHU 5HPRYH WKH KDQGOHEDU FRYHU 7KH LQVWDOODWLRQ VHTXHQFH LV WKH UHYHUVH RI UHPRYDO

6FUHZV

%27720 &29(5 5(029$/ 5HPRYH WKH IRXU EROWV DWWDFKLQJ WKH ERWWRP FRYHU 5HPRYH WKH ERWWRP FRYHU

%ORWV /RFN %ROWV

/RFN 1XW

(;+$867 08))/(5 5(029$/ 5HPRYH WZR ORFN QXWV IURP MRLQW LQ WKH H[KDXVW PXIIOHU 5HPRYH WKH H[KDXVW PXIIOHU WZR ORFN EROWV WR UHPRYH WKH H[KDXVW PXIIOHU 5HPRYH WKH H[KDXVW PXIIOHU MRLQW SDFNLQJ FROODU 7KH LQVWDOODWLRQ VHTXHQFH LV WKH UHYHUVH RI UHPRYDO 7RUTXH ([KDXVW PXIIOHU MRLQW ORFN QXW NJ P ([KDXVW PXIIOHU ORFN EROW NJ P

67((5,1* +$1'/(%$5 )5217 :+((/ )5217 %5$.( )5217 6+2&. $%625%(5 )5217 )25.

/,.(

)5217 :+((/ )5217 %5$.( )5217 6863(16,21

6(59,&( ,1)250$7,21 ,1)250$7,21 7528%/(6+227,1* 7528%/(6+227,1* )5217 :+((/ :+((/ +<'5$8/,& %5$.( '5$:,1* '5$:,1* +<'5$8/,& %5$.( %5$.( )5217 6+2&. $%625%(5 $%625%(5 67((5,1* +$1'/(%$5 +$1'/(%$5 67((5,1* 67(0 67(0

67((5,1* +$1'/(%$5 )5217 :+((/ )5217 %5$.( )5217 6+2&.

/,.(

$%625%(5 )5217 )25.

NJ P

67((5,1* +$1'/(%$5 )5217 :+((/ )5217 %5$.( )5217 6+2&.

/,.(

$%625%(5 )5217 )25.

6(59,&( ,1)250$7,21 *(1(5$/ ,16758&7,216 x 5HPRYH WKH PRWRUF\FOH IURQW ZKHHO RII WKH JURXQG DQG EH FDUHIXO WR SUHYHQW WKH PRWRUF\FOH IURP IDOOLQJ GRZQ x 'XULQJ VHUYLFLQJ NHHS RLO RU JUHDVH RII WKH EUDNH GUXP DQG EUDNH OLQLQJV x &RQWDPLQDWHG EUDNH GLVN RU EUDNH SDGV UHGXFH VWRSSLQJ SRZHU

&OHDQ WKH FRQWDPLQDWHG EUDNH

GLVN ZLWK KLJK SHUIRUPDQFH EUDNH GHJUHDVHU DQG UHSODFH WKH EUDNH SDGV x 'R QRW XVH EUDNH IOXLG IRU FOHDQLQJ x %OHHG DLU IURP WKH EUDNH V\VWHP LI WKH EUDNH V\VWHP LV UHPRYHG RU WKH EUDNH LV VRIW x 'R QRW DOORZ DQ\ IRUHLJQ PDWWHUV WR HQWHU WKH EUDNH V\VWHP ZKHQ ILOOLQJ LW ZLWK EUDNH IOXLG x %UDNH IOXLG ZLOO GDPDJH SDLQWHG VXUIDFHV DQG SODVWLF SDUWV :KHQ VHUYLFLQJ WKH EUDNH V\VWHP XVH VKRS WRZHOV WR FRYHU DQG SURWHFW UXEEHU SODVWLF SDUWV DQG FRDWHG VXUIDFHV :LSH RII DQ\ VSLOOHG EUDNH IOXLG ZLWK D FOHDQ VKRS WRZHO x ,QVSHFW WKH EUDNH V\VWHP EHIRUH ULGLQJ

63(&,),&$7,216 ,WHP $[OH VKDIW UXQRXW )URQW ZKHHO ULP UXQRXW

5DGLDO $[LDO

)URQW EUDNH OLQLQJ WKLFNQHVV )URQW VKRFN DEVRUEHU VSULQJ IUHH OHQJWK %UDNH GLVN WKLFNQHVV %UDNH GLVN UXQRXW %UDNH PDVWHU F\OLQGHU , ' %UDNH PDVWHU F\OLQGHU SLVWRQ 2 ' %UDNH FDOLSHU SLVWRQ 2 ' %UDNH FDOLSHU F\OLQGHU , '

6WDQGDUG PP

Ð&#x201D; Ð&#x201D; Ð&#x201D; Ð&#x201D; Ð&#x201D;

6HUYLFH /LPLW PP

72548( 9$/8(6 6WHHULQJ VWHP EROW

Ð&#x201D; NJ P

%UDNH FDOLSHU EOHHG YDOYH

NJ P

6WHHULQJ VWHP ORFN QXW

Ð&#x201D; NJ P

%UDNH IOXLG WXEH EROW

Ð&#x201D; NJ P

6WHHULQJ WRS FRQH UDFH

Ð&#x201D; NJ P

%UDNH SDG SLQ EROW

Ð&#x201D; NJ P

)URQW VKRFN DEVRUEHU EROW Ð&#x201D; NJ P

%UDNH FDOLSHU EROW

Ð&#x201D; NJ P

)URQW D[OH QXW

%UDNH PDVWHU F\OLQGHU EROW

Ð&#x201D; NJ P

67((5,1* +$1'/(%$5 )5217 :+((/ )5217 %5$.( )5217 6+2&.

/,.(

$%625%(5 )5217 )25.

63(&,$/ 722/6 /RFN QXW ZUHQFK

'ULYHU KDQGOH $

2XWHU GULYHU [ PP

3LORW PP

%DOO UDFH UHPRYHU

2XWHU GULYHU [ PP

3OLHUV FORVH

%HDULQJ UHPRYHU

%HDULQJ UHPRYHU KHDG PP 7528%/(6+227,1* +DUG VWHHULQJ KHDY\

)URQW ZKHHO ZREEOLQJ

x ([FHVVLYHO\ WLJKWHQHG VWHHULQJ VWHP WRS FRQH UDFH

x %HQW ULP

x %URNHQ VWHHULQJ EDOOV

x %HQW VSRNH SODWH

x ,QVXIILFLHQW WLUH SUHVVXUH

x )DXOW\ WLUH

6WHHUV WR RQH VLGH RU GRHV QRW WUDFN VWUDLJKW

x ,PSURSHUO\ WLJKWHQHG D[OH QXW

x 8QHYHQ IURQW VKRFN DEVRUEHUV

6RIW IURQW VKRFN DEVRUEHU

x %HQW IURQW IRUN

x :HDN VKRFN VSULQJV

x %HQW IURQW D[OH RU XQHYHQ WLUH

x ,QVXIILFLHQW GDPSHU RLO

3RRU EUDNH SHUIRUPDQFH

)URQW VKRFN DEVRUEHU QRLVH

x ,QFRUUHFWO\ DGMXVWHG EUDNH

x 6OLGHU EHQGLQJ

x :RUQ EUDNH OLQLQJV

x /RRVH IRUN IDVWHQHUV

x &RQWDPLQDWHG EUDNH OLQLQJ VXUIDFH

x /DFN RI OXEULFDWLRQ

x :RUQ EUDNH VKRHV DW FDP FRQWDFWLQJ DUHD x :RUQ EUDNH GUXP x 3RRUO\ FRQQHFWHG EUDNH DUP 3RRU EUDNH SHUIRUPDQFH 'LVN %UDNH

x $LU LQ EUDNH V\VWHP x 'HWHULRUDWHG EUDNH IOXLG x &RQWDPLQDWHG EUDNH SDGV DQG EUDNH GLVN x :RUQ EUDNH SDGV x :RUQ EUDNH PDVWHU F\OLQGHU SLVWRQ RLO VHDO x &ORJJHG EUDNH IOXLG OLQH x 'HIRUPHG EUDNH GLVN x 8QHYHQO\ ZRUQ EUDNH FDOLSHU

x ([FHVVLYH ZKHHO EHDULQJ SOD\

67((5,1* +$1'/(%$5 )5217 :+((/ )5217 %5$.( )5217 6+2&.

/,.(

$%625%(5 )5217 )25. )5217 :+((/ 5(029$/ 5HPRYH WKH PRWRUF\FOH IURQW ZKHHO RII WKH JURXQG 'LVFRQQHFW WKH VSHHGRPHWHU FDEOH

6SHHGRPHWHU &DEOH 5HPRYH WKH IURQW D[OH QXW DQG SXOO RXW WKH D[OH 5HPRYH WKH IURQW ZKHHO 5HPRYH WKH IURQW EUDNH SDQHO

$[OH 6KDIW ,163(&7,21 $;/( 581287 6HW WKH D[OH LQ 9 EORFNV DQG PHDVXUH WKH UXQRXW XVLQJ D GLDO JDXJH 7KH DFWXDO UXQRXW LV RI WKH WRWDO LQGLFDWRU UHDGLQJ 6HUYLFH /LPLW /LPLW PP UHSODFH LI RYHU

:+((/ 5,0 &KHFN WKH ZKHHO ULP UXQ RXW 6HUYLFH /LPLWV /LPLWV 5DGLDO PP UHSODFH LI RYHU 5DGLDO $[LDO PP UHSODFH LI RYHU $[LDO

67((5,1* +$1'/(%$5 )5217 :+((/ )5217 %5$.( )5217 6+2&.

/,.(

$%625%(5 )5217 )25. )5217 :+((/ %($5,1* 5HPRYH WKH VLGH FROODU DQG GXVW VHDO

6LGH &ROODU

'XVW 6HDO 7XUQ WKH LQQHU UDFH RI HDFK EHDULQJ ZLWK \RXU ILQJHU WR VHH LI WKH\ WXUQ VPRRWKO\ DQG TXLHWO\ $OVR FKHFN LI WKH RXWHU UDFH ILWV WLJKWO\ LQ WKH KXE 5HSODFH WKH EHDULQJV LI WKH UDFHV GR QRW WXUQ VPRRWKO\ TXLHWO\ RU LI WKH\ ILW ORRVHO\ LQ WKH KXE

%($5,1* 5(3/$&(0(17 5HPRYH WKH IURQW ZKHHO EHDULQJV DQG GLVWDQFH FROODU

:KHHO %HDULQJ

6SHFLDO

%HDULQJ 5HPRYHU %HDULQJ 5HPRYHU +HDG PP 3DFN DOO EHDULQJ FDYLWLHV ZLWK JUHDVH 'ULYH LQ WKH OHIW EHDULQJ ,QVWDOO WKH GLVWDQFH FROODU 'ULYH LQ WKH ULJKW EHDULQJ

Ï x 'R QRW DOORZ WKH EHDULQJV WR WLOW ZKLOH

%HDULQJ 5HPRYHU

GULYLQJ WKHP LQ x 'ULYH LQ WKH EHDULQJ VTXDUHO\ ZLWK WKH VHDOHG HQG IDFLQJ RXW 6SHFLDO

'ULYHU KDQGOH $

'ULYHU +DQGOH $

67((5,1* +$1'/(%$5 )5217 :+((/ )5217 %5$.( )5217 6+2&.

/,.(

$%625%(5 )5217 )25. $SSO\ JUHDVH WR D QHZ GXVW VHDO OLS DQG LQVWDOO WKH GXVW VHDO ,QVWDOO WKH VLGH FROODU

'XVW 6HDO

3DZOV ,167$//$7,21 $SSO\ JUHDVH WR WKH EUDNH SDQHO GXVW VHDO OLS $SSO\ JUHDVH WR WKH VSHHGRPHWHU JHDU HQJDJLQJ DQG VOLGLQJ SDUWV ,QVWDOO WKH EUDNH SDQHO E\ DOLJQLQJ WKH VSHHGRPHWHU UHWDLQLQJ SDZOV ZLWK WKH KXE FXWRXWV

Ï ,I QRW DOLJQHG WKH UHWDLQLQJ SDZO ZLOO EH GHIRUPHG ZKHQ WKH D[OH QXW LV WLJKWHQHG $IWHU LQVWDOOLQJ WKH D[OH WXUQ WKH ZKHHO WR PDNH VXUH WKDW WKH VSHHGRPHWHU GULYH VKDIW URWDWHV IUHHO\

&XWRXWV

$SSO\ D WKLQ FRDW RI JUHDVH WR WKH D[OH VKDIW ,QVWDOO WKH IURQW ZKHHO E\ DOLJQLQJ WKH EUDNH SDQHO JURRYH ZLWK WKH IURQW IRUN WDE ,QVHUW WKH D[OH VKDIW ,QVWDOO DQG WLJKWHQ WKH D[OH QXW 7RUTXH a NJ P 7RUTXH ,QVWDOO WKH IURQW EUDNH FDEOH DQG URWDWH WKH IURQW WLUH WR FKHFN WKH VSHHGRPHWHU LI EH SHUIRUPHG

$[OH 1XW &RQQHFW WKH VSHHGRPHWHU FDEOH

6SHHGRPHWHU &DEOH

67((5,1* +$1'/(%$5 )5217 :+((/ )5217 %5$.( )5217 6+2&. $%625%(5 )5217 )25. +<'5$8/,& %5$.( '5$:,1*

/,.(

67((5,1* +$1'/(%$5 )5217 :+((/ )5217 %5$.( )5217 6+2&.

/,.(

$%625%(5 )5217 )25.

+<'5$8/,& %5$.( )5217 %5$.(

%5$.( )/8,' 5(3/$&(0(17 $,5 %/((',1* &KHFN WKH EUDNH IOXLG OHYHO RQ OHYHO JURXQG

Ï x :KHQ RSHUDWLQJ WKH EUDNH OHYHU WKH

/RZHU /LPLW

EUDNH UHVHUYRLU FDS PXVW EH WLJKWHQHG VHFXUHO\ WR DYRLG VSODVK RI EUDNH IOXLG x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

)URQW %UDNH &DOLSHU 5HVHUYRLU

%5$.( )/8,' 5(),//,1* $GG '27 EUDNH IOXLG WR WKH EUDNH UHVHUYRLU

Ï x :KHQ EOHHGLQJ EH FDUHIXO QRW WR DOORZ

DLU LQ WKH EUDNH UHVHUYRLU IORZLQJ LQWR WKH EUDNH V\VWHP x 1HYHU XVH GLUW\ RU XQVSHFLILHG EUDNH IOXLG RU PL[ GLIIHUHQW EUDNH IOXLGV EH FDXVH LW ZLOO GDPDJH WKH EUDNH V\VWHP 0DNH VXUH WR EOHHG DLU IURP WKH EUDNH V\VWHP %5$.( 3$' ',6. 5(3/$&(0(17

)L[HG 5HHG

7KH EUDNH SDGV PXVW EH UHSODFHG DV D VHW WR HQVXUH WKH EDODQFH RI WKH EUDNH GLVN

5HPRYH WKH WZR EROWV DWWDFKLQJ WKH EUDNH FDOLSHU 5HPRYH WKH EUDNH FDOLSHU &RPSUHVV WKH EUDNH FDOLSHU VHDW DQG SUHVV GRZQ WKH IL[HG UHHG WR WDNH RXW WKH EUDNH SDGV

67((5,1* +$1'/(%$5 )5217 :+((/ )5217 %5$.( )5217 6+2&.

/,.(

$%625%(5 )5217 )25. )L[HG 5HHG

,QVWDOO WKH EUDNH SDGV LQ WKH UHYHUVH RUGHU RI UHPRYDO 7LJKWHQ WKH EUDNH SDG SLQ EROW 7RUTXH Ð&#x201D; NJ P 7RUTXH

.HHS JUHDVH RU RLO RII WKH EUDNH SDGV WR DYRLG EUDNH IDLOXUH %UDNH 3DGV

%5$.( ',6. 0HDVXUH WKH EUDNH GLVN WKLFNQHVV 6HUYLFH /LPLW /LPLW PP 0HDVXUH WKH EUDNH GLVN UXQRXW 6HUYLFH /LPLW /LPLW PP

%5$.( 0$67(5 &</,1'(5 5(029$/ )LUVW GUDLQ WKH EUDNH IOXLG IURP WKH K\GUDXOLF EUDNH V\VWHP

Ï x :KHQ VHUYLFLQJ WKH EUDNH V\VWHP XVH VKRS WRZHOV WR FRYHU UXEEHU DQG SODVWLF SDUWV DQG FRDWHG VXUIDFHV WR DYRLG EHLQJ FRQWDPLQDWHG E\ EUDNH IOXLG x :KHQ UHPRYLQJ WKH EUDNH IOXLG WXEH EROW EH VXUH WR SOXJ WKH WXEH HQG WR DYRLG EUDNH IOXLG OHDNDJH

0DVWHU &\OLQGHU

',6$66(0%/< 5HPRYH WKH SLVWRQ UXEEHU FRYHU DQG VQDS ULQJ IURP WKH EUDNH PDVWHU F\OLQGHU

6QDS 5LQJ

67((5,1* +$1'/(%$5 )5217 :+((/ )5217 %5$.( )5217 6+2&.

/,.(

$%625%(5 )5217 )25. 5HPRYH WKH PDLQ SLVWRQ DQG VSULQJ IURP WKH EUDNH PDVWHU F\OLQGHU &OHDQ WKH LQVLGH RI WKH PDVWHU F\OLQGHU DQG EUDNH UHVHUYRLU ZLWK EUDNH IOXLG

'LDSKUDJP

0DLQ 3LVWRQ

6QDS 5LQJ

0DVWHU &\OLQGHU

6SULQJ

,163(&7,21 0HDVXUH WKH EUDNH PDVWHU F\OLQGHU , ' ,QVSHFW WKH PDVWHU F\OLQGHU IRU VFUDWFKHV RU FUDFNV 6HUYLFH /LPLW /LPLW PP

0HDVXUH WKH EUDNH PDVWHU F\OLQGHU SLVWRQ 2 ' 6HUYLFH /LPLW /LPLW PP %HIRUH DVVHPEO\ LQVSHFW WKH OVW DQG QG UXEEHU FXSV IRU ZHDU RU GDPDJH

$66(0%/< %HIRUH DVVHPEO\ DSSO\ EUDNH IOXLG WR DOO UHPRYHG SDUWV ,QVWDOO WKH VSULQJ WRJHWKHU ZLWK WKH VW UXEEHU FXS

'LDSKUDJP

0DLQ 3LVWRQ

0DVWHU &\OLQGHU

Ï x 'XULQJ DVVHPEO\ WKH PDLQ SLVWRQ DQG VSULQJ PXVW EH LQVWDOOHG DV D XQLW ZLWKRXW H[FKDQJH x :KHQ DVVHPEOLQJ WKH SLVWRQ VRDN WKH FXSV LQ EUDNH IOXLG IRU D ZKLOH x ,QVWDOO WKH FXSV ZLWK WKH FXS OLSV IDFLQJ WKH FRUUHFW GLUHFWLRQ ,QVWDOO WKH PDLQ SLVWRQ VSULQJ DQG VQDS ULQJ ,QVWDOO WKH GLDSKUDJP ,QVWDOO WKH EUDNH OHYHU

6QDS 5LQJ

6SULQJ

67((5,1* +$1'/(%$5 )5217 :+((/ )5217 %5$.( )5217 6+2&.

/,.(

$%625%(5 )5217 )25.

%ROWV 3ODFH WKH EUDNH PDVWHU F\OLQGHU RQ WKH KDQGOHEDU DQG LQVWDOO WKH KROGHU ZLWK WKH Â³XSÂ´ PDUN IDFLQJ XS $OVR DOLJQ WKH SXQFK PDUN ZLWK WKH KROGHU MRLQW VHDP )LUVW WLJKWHQ WKH XSSHU EROW DQG WKHQ WLJKWHQ WKH ORZHU EROW 7RUTXH Ð&#x201D; NJ P 7RUTXH

Â³8SÂ´ 0DUN :DVKHUV

,QVWDOO WKH EUDNH IOXLG WXEH ZLWK WKH DWWDFKLQJ EROW DQG WZR VHDOLQJ ZDVKHUV ,QVWDOO WKH KDQGOHEDU FRYHUV &RQQHFW WKH IURQW DQG UHDU VWRS VZLWFK ZLUH FRQQHFWRUV )LOO WKH EUDNH UHVHUYRLU ZLWK UHFRPPHQGHG EUDNH IOXLG WR WKH XSSHU OLPLW DQG EOHHG DLU DFFRUGLQJ WR WKH PHWKRG VWDWHG LQ SDJH

)OXLG 7XEH %ROW %5$.( &$/,3(5 )5217

5(029$/ 5HPRYH WKH EUDNH FDOLSHU DQG EUDNH SDG VSULQJV 3ODFH D FOHDQ FRQWDLQHU XQGHU WKH EUDNH FDOLSHU DQG GLVFRQQHFW WKH EUDNH IOXLG SLSH IURP WKH FDOLSHU

Ï 'R QRW VSLOO EUDNH IOXLG RQ DQ\ FRDWHG VXUIDFHV %ROW ',6$66(0%/< 5HPRYH WKH EUDNH FDOLSHU VHDW IURP WKH EUDNH FDOLSHU

)L[HG 5HHG

%UDNH 3DGV

67((5,1* +$1'/(%$5 )5217 :+((/ )5217 %5$.( )5217 6+2&. $%625%(5 )5217 )25. 5HPRYH WKH SLVWRQV IURP WKH EUDNH FDOLSHU ,I QHFHVVDU\ XVH FRPSUHVVHG DLU WR VTXHH]H RXW WKH SLVWRQV WKURXJK WKH EUDNH IOXLG LQOHW RSHQLQJ DQG SODFH D VKRS WRZHO XQGHU WKH FDOLSHU WR DYRLG FRQWDPLQDWLRQ FDXVHG E\ WKH UHPRYHG SLVWRQV &KHFN HDFK SLVWRQ F\OLQGHU IRU VFUDWFKHV RU ZHDU DQG UHSODFH LI QHFHVVDU\

3XVK WKH SLVWRQ RLO VHDOV RXWZDUG WR UHPRYH WKHP &OHDQ HDFK RLO VHDO JURRYH ZLWK EUDNH IOXLG

/,.(

&RPSUHVVHG $LU

3LVWRQ 2LO 6HDOV

Ï %H FDUHIXO QRW WR GDPDJH WKH SLVWRQ VXUIDFH

&KHFN HDFK SLVWRQ IRU VFUDWFKHV RU ZHDU 0HDVXUH HDFK SLVWRQ 2 ' ZLWK D PLFURPHWHU JDXJH 6HUYLFH /LPLW /LPLW PP

&KHFN HDFK FDOLSHU F\OLQGHU IRU VFUDWFKHV RU ZHDU DQG PHDVXUH WKH F\OLQGHU ERUH 6HUYLFH /LPLW /LPLW PP

67((5,1* +$1'/(%$5 )5217 :+((/ )5217 %5$.( )5217 6+2&.

/,.(

$%625%(5 )5217 )25. $66(0%/< &OHDQ DOO UHPRYHG SDUWV $SSO\ VLOLFRQ JUHDVH WR WKH SLVWRQV DQG RLO VHDOV /XEULFDWH WKH EUDNH FDOLSHU F\OLQGHU LQVLGH ZDOO ZLWK EUDNH IOXLG ,QVWDOO WKH EUDNH FDOLSHU SLVWRQ ZLWK JURRYHG VLGH IDFLQJ RXW

Ϡ ,QVWDOO WKH SLVWRQ ZLWK LWV RXWHU HQG SURWUXGLQJ Д PP EH\RQG WKH EUDNH FDOLSHU F\OLQGHU

)L[HG 5HHG :LSH RII H[FHVVLYH EUDNH IOXLG ZLWK D FOHDQ VKRS WRZHO $SSO\ VLOLFRQ JUHDVH WR WKH EUDNH FDOLSHU VHDW SLQ DQG FDOLSHU LQVLGH ,QVWDOO WKH EUDNH FDOLSHU VHDW

%UDNH 3DGV

,167$//$7,21 ,QVWDOO WKH EUDNH FDOLSHU DQG WLJKWHQ WKH WZR EROWV 7RUTXH Д NJ P 7RUTXH &RQQHFW WKH EUDNH IOXLG WXEH WR WKH EUDNH FDOLSHU DQG WLJKWHQ WKH IOXLG WXEH EROW 7RUTXH Д NJ P 7RUTXH )LOO WKH EUDNH UHVHUYRLU ZLWK UHFRPPHQGHG EUDNH IOXLG DQG EOHHG DLU IURP WKH EUDNH V\VWHP

&DOLSHU %ROWV

)5217 6+2&. $%625%(5 5(029$/ 5HPRYH WKH IURQW FRYHU Ö

5HPRYH WKH IURQW ZKHHO 5HPRYH WKH IURQW VKRFN DEVRUEHU XSSHU PRXQW EROWV /RRVHQ WKH ORZHU PRXQW EROWV WR UHPRYH WKH IURQW VKRFN DEVRUEHUV

0RXQW %ROW

67((5,1* +$1'/(%$5 )5217 :+((/ )5217 %5$.( )5217 6+2&. $%625%(5 )5217 )25.

/,.(

,163(&7,21 ,QVSHFW WKH IROORZLQJ LWHPV DQG UHSODFH LI QHFHVVDU\ x)URQW VKRFN DEVRUEHU WXEH EHQGLQJ RU GDPDJH x:HDN IURQW VKRFN DEVRUEHU VSULQJ x'DPSHU DQG GDPSHU URG EHQGLQJ x2LO VHDO GDPDJH RU ZHDU

,167$//$7,21 ,QVWDOO WKH IURQW VKRFN DEVRUEHUV RQWR WKH VWHHULQJ VWHP ,QVWDOO DQG WLJKWHQ WKH IURQW VKRFN DEVRUEHU XSSHU PRXQW EROWV 7LJKWHQ WKH ORZHU PRXQW EROWV

0RXQW %RRW

Ϡ $OLJQ WKH XSSHU PRXQW EROW KROH ZLWK WKH JURRYH RQ WKH IURQW IRUN )URQW VKRFN DEVRUEHUV DUH LQVWDOOHG DW WKH VDPH DOWLWXGH ,QVWDOO WKH IURQW ZKHHO 67((5,1* +$1'/(%$5

%UDNH 0DVWHU &\OLQGHU

5(029$/ 5HPRYH WKH KDQGOHEDU FRYHUV Ö

5HPRYH WKH UHDU EUDNH OHYHU KROGHU EROW WR UHPRYH WKH KROGHU 5HPRYH WKH IURQW EUDNH PDVWHU F\OLQGHU KROGHU EROWV WR UHPRYH WKH EUDNH PDVWHU F\OLQGHU %ORWV

67((5,1* +$1'/(%$5 )5217 :+((/ )5217 %5$.( )5217 6+2&.

/,.(

$%625%(5 )5217 )25. 5HPRYH WKH WKURWWOH VHDW VFUHZ

6FUHZ 6FUHZV

7KURWWOH 3LSH 5HPRYH WKH WKURWWOH VHDW IURP WKH KDQGOHEDU DQG GLVFRQQHFW WKH WKURWWOH FDEOH IURP WKH WKURWWOH SLSH 5HPRYH WKH WKURWWOH SLSH IURP WKH KDQGOHEDU

5HPRYH WKH VWHHULQJ VWHP ORFN EROW FROODU QXW DQG WKH KDQGOHEDU

1XW

67((5,1* 67(0 5(029$/ 5HPRYH WKH VWHHULQJ VWHP ORFN QXW 6SHFLDO

6WHHULQJ 6WHP /RFN 1XW :UHQFK /RFN 1XW ZUHQFK

6WHHULQJ 6WHP /RFN 1XW :UHQFK

67((5,1* +$1'/(%$5 )5217 :+((/ )5217 %5$.( )5217 6+2&.

/,.(

$%625%(5 )5217 )25. 5HPRYH WKH WRS FRQH UDFH

7RS &RQH 5DFH

x %H FDUHIXO QRW WR ORVH WKH VWHHO EDOOV RQ WRS UDFH DQG RQ ERWWRP UDFH x &OHDQ WKH RSHQLQJV RI IUDPH FRYHUV ZLWK FOHDQ VKRS WRZHOV

5HPRYH WKH IURQW IRUN

%27720 &21( 5$&( 5(3/$&(0(17 5HPRYH WKH ERWWRP FRQH UDFH XVLQJ D FKLVHO

Ϡ %H FDUHIXO QRW WR GDPDJH WKH VWHHULQJ VWHP DQG IURQW IRUN 'ULYH D QHZ ERWWRP FRQH UDFH LQWR SODFH ZLWK D SURSHU GULYHU

%RWWRP &RQH 5DFH %DOO 5DFH 5HPRYHU %$// 5$&( 5(3/$&(0(17 'ULYH RXW WKH WRS DQG ERWWRP EDOO UDFHV

'ULYH QHZ WRS DQG ERWWRP EDOO UDFHV LQWR WKH VWHHULQJ KHDG XVLQJ WKH RXWHU GULYHU

2XWHU 'ULYHU

6SHFLDO

2XWHU 'ULYHU

67((5,1* +$1'/(%$5 )5217 :+((/ )5217 %5$.( )5217 6+2&.

/,.(

$%625%(5 )5217 )25. 7RS 6WHHO %DOO

,167$//$7,21 ,QVWDOO WKH WRS DQG ERWWRP VWHHO EDOOV $SSO\ JUHDVH WR WKH WRS DQG ERWWRP EDOO UDFHV DQG LQVWDOO VWHHO EDOOV RQ WKH WRS EDOO UDFH DQG VWHHO EDOOV RQ WKH ERWWRP EDOO UDFH

$SSO\ JUHDVH WR WKH EDOO UDFHV DQG LQVWDOO WKH IURQW IRUN $SSO\ JUHDVH WR WKH WRS FRQH UDFH DQG LQVWDOO LW 7LJKWHQ WKH WRS FRQH UDFH DQG WKHQ WXUQ WKH VWHHULQJ VWHP ULJKW DQG OHIW VHYHUDO WLPHV WR PDNH VWHHO EDOOV FRQWDFW HDFK RWKHU FORVHO\

Ï &KHFN WKDW WKH VWHHULQJ VWHP URWDWHV IUHHO\ ZLWKRXW YHUWLFDO SOD\

7RS &RQH 5DFH 7RS &RQH 5DFH /RFN 1XW :UHQFK

,QVWDOO WKH VWHHULQJ VWHP ORFN QXW DQG WLJKWHQ LW ZKLOH KROGLQJ WKH WRS FRQH UDFH 7RUTXH Ð&#x201D; NJ P 7RUTXH ,QVWDOO WKH IURQW ZKHHO Ã&#x2013;

6WHHULQJ 6WHP /RFN 1XW :UHQFK

+$1'/(%$5 ,167$//$7,21 ,QVWDOO WKH KDQGOHEDU RQWR WKH VWHHULQJ VWHP WXEH DQG WKHQ LQVWDOO DQG WLJKWHQ WKH EROW 7RUTXH NJ P 7RUTXH ,QVWDOO WKH IURQW ZKHHO Ã&#x2013;

,QVWDOO WKH EUDNH OHYHUV Ã&#x2013;

,QVWDOO WKH KDQGOHEDU FRYHUV 1XW

5($5 :+((/ 5($5 %5$.( 5($5 6+2&. $%625%(5

/,.(

BBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBB

5($5 :+((/ 5($5 %5$.( 5($5 6+2&. $%625%(5 BBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBB

6(59,&( ,1)250$7,21 7528%/(6+227,1* 5($5 :+((/ 5($5 %5$.( 5($5 6+2&. $%625%(5

5($5 :+((/ 5($5 %5$.( 5($5 6+2&. $%625%(5

/,.(

NJ P

NJ P NJ P

5($5 :+((/ 5($5 %5$.( 5($5 6+2&. $%625%(5

/,.(

6(59,&( ,1)250$7,21 63(&,),&$7,216 6WDQGDUG PP

6HUYLFH /LPLW PP

5HDU EUDNH GUXP , '

5HDU EUDNH OLQLQJ WKLFNQHVV

,WHP 5HDU ZKHHO ULP UXQRXW

5HDU VKRFN DEVRUEHU VSULQJ IUHH OHQJWK 72548( 9$/8(6

5HDU D[OH QXW Ð&#x201D; NJ P 5HDU VKRFN DEVRUEHU XSSHU PRXQW EROW Ð&#x201D; NJ P 5HDU VKRFN DEVRUEHU ORZHU PRXQW EROW Ð&#x201D; NJ P

63(&,$/ 722/ 5HDU VKRFN DEVRUEHU UHPRYHU 5HDU VKRFN DEVRUEHU FRPSUHVVRU 7528%/(6+227,1* 5HDU ZKHHO ZREEOLQJ x %HQW ULP x )DXOW\ WLUH x $[OH QRW WLJKWHQHG SURSHUO\ 6RIW UHDU VKRFN DEVRUEHU x :HDN VKRFN DEVRUEHU VSULQJ 3RRU EUDNH SHUIRUPDQFH x %UDNH QRW DGMXVWHG SURSHUO\ x &RQWDPLQDWHG EUDNH OLQLQJV x :RUQ EUDNH OLQLQJV x :RUQ EUDNH VKRHV DW FDP FRQWDFWLQJ DUHD x :RUQ EUDNH FDP x ,PSURSHU HQJDJHPHQW EHWZHHQ EUDNH DUP DQG ZHDU LQGLFDWRU SODWH

5($5 :+((/ 5($5 %5$.( 5($5 6+2&. $%625%(5 5HDU $[OH 1XW 5($5 :+((/ 5(029$/ 5HPRYH WKH WZR H[KDXVW PXIIOHU MRLQW ORFN QXWV 5HPRYH WKH WZR H[KDXVW PXIIOHU ORFN EROWV 5HPRYH WKH H[KDXVW PXIIOHU 5HPRYH WKH UHDU D[OH QXW WR UHPRYH WKH UHDU ZKHHO

,163(&7,21 0HDVXUH WKH UHDU ZKHHO ULP UXQRXW 6HUYLFH /LPLWV /LPLWV 5DGLDO PP UHSODFH LI RYHU $[LDO PP UHSODFH LI RYHU

5HDU $[OH 1XW ,167$//$7,21 ,QVWDOO WKH UHDU ZKHHO DQG DSSO\ 6$( HQJLQH RLO WR WKH D[OH WKUHDGV 7KHQ WLJKWHQ WKH UHDU D[OH QXW 7RUTXH YDOXHV YDOXHV 5HDU D[OH QXW Ð&#x201D; NJ P

/,.(

5($5 :+((/ 5($5 %5$.( 5($5 6+2&. $%625%(5

/,.(

5($5 %5$.( 5HPRYH WKH UHDU ZKHHO Ö

,QVSHFW WKH UHDU EUDNH GUXP 0HDVXUH WKH UHDU EUDNH GUXP , ' 6HUYLFH /LPLW /LPLW PP UHSODFH LI RYHU

%5$.( /,1,1* ,163(&7,21 0HDVXUH WKH EUDNH OLQLQJ WKLFNQHVV 6HUYLFH /LPLW /LPLW PP UHSODFH LI EHORZ

.HHS RLO RU JUHDVH RII WKH EUDNH OLQLQJV

5($5 %5$.( ',6$66(0%/< 5HPRYH WKH UHDU EUDNH DGMXVWLQJ QXW DQG GLVFRQQHFW WKH UHDU EUDNH FDEOH 5HPRYH WKH UHDU EUDNH VKRHV

%UDNH $UP

%UDNH 6KRHV

$GMXVWLQJ 1XW

5($5 :+((/ 5($5 %5$.( 5($5 6+2&. $%625%(5

/,.(

5HPRYH WKH EUDNH FDP EROW WR UHPRYH WKH EUDNH DUP ZHDU LQGLFDWRU SODWH DQG IHOW VHDO 5HPRYH WKH EUDNH DUP

%UDNH $UP

%UDNH &DP

5($5 %5$.( $66(0%/< $SSO\ JUHDVH WR WKH DQFKRU SLQ DQG EUDNH VKRH PRYLQJ SDUWV $SSO\ JUHDVH WR WKH EUDNH FDP DQG LQVWDOO LW

*UHDVH $SSO\ HQJLQH RLO WR WKH IHOW VHDO DQG LQVWDOO LW WR WKH EUDNH FDP ,QVWDOO WKH ZHDU LQGLFDWRU SODWH

:HDU ,QGLFDWRU 3ODWH

Ï $OLJQ WKH ZLGH WRRWK RI WKH ZHDU

LQGLFDWRU SODWH ZLWK WKH ZLGH JURRYH RQ WKH EUDNH FDP ,QVWDOO WKH EUDNH DUP RQWR WKH EUDNH FDP

$OLJQ WKH SXQFK PDUN RQ WKH EUDNH DUP ZLWK WKH VFULEHG OLQH RQ WKH EUDNH FDP

,QVWDOO DQG WLJKWHQ WKH EUDNH DUP EROW ,QVWDOO WKH EUDNH DUP UHWXUQ VSULQJ ,QVWDOO WKH EUDNH VKRHV

%UDNH $UP

3XQFK 0DUN

5($5 :+((/ 5($5 %5$.( 5($5

/,.(

6+2&. $%625%(5 ,QVWDOO WKH EUDNH DUP SLQ &RQQHFW WKH EUDNH FDEOH DQG LQVWDOO WKH DGMXVWLQJ QXW ,QVWDOO WKH UHDU ZKHHO Ö

$GMXVW WKH UHDU EUDNH OHYHU IUHH SOD\ Ö

%UDNH &DEOH

%UDNH $UP

%UDNH $UP 3LQ 5($5 6+2&. $%625%(5

$GMXVWLQJ 1XW

8SSHU 0RXQW %ROW

5(029$/ 5HPRYH WKH IURQW FRYHU Ö

5HPRYH WKH PHW LQ ER[ Ö

5HPRYH WKH DLU FOHDQHU FDVH 5HPRYH WKH UHDU VKRFN DEVRUEHU XSSHU DQG ORZHU PRXQW EROWV WR UHPRYH WKH UHDU VKRFN DEVRUEHU

/RZHU 0RXQW %ROW ,167$//$7,21 ,QVWDOO WKH UHDU VKRFN DEVRUEHU ,QVWDOO WKH UHDU VKRFN DEVRUEHU XSSHU PRXQW EROW DQG WKHQ LQVWDOO WKH ORZHU PRXQW EROW 7RUTXH 7RUTXH 8SSHU 0RXQW %ROW %ROW Д NJ P /RZHU 0RXQW %ROW %ROW Д NJ P ,QVWDOO WKH IUDPH ERG\ FRYHU Ö

5HDU 6KRFN $EVRUEHU

15. ELECTRICAL EQUIPMENT

LIKE 50/125

15 ________________________________________________________________________________________________

________________________________________________________________________________________________

ELECTRICAL EQUIPMENT ________________________________________________________________________________________________

SERVICE INFORMATION.................................................................................... 15- 1 TROUBLESHOOTING.......................................................................................... 15- 1 CHARGING SYSTEM........................................................................................... 15- 3 BATTERY ............................................................................................................. 15- 4 IGNITION SYSTEM .............................................................................................. 15- 7 STARTING SYSTEM............................................................................................ 15- 11

15. ELECTRICAL EQUIPMENT

LIKE 50/125

SERVICE INFORMATION GENERAL INSTRUCTIONS • • • • • •

It is not necessary to check the battery electrolyte or fill with distilled water. Remove the battery from the motorcycle for charging. Do not remove the electrolyte cap.. Do not quick charge the battery. Quick charging should only be done in an emergency.. Charge the battery according to the charging current and time specified on the battery. When charging, check the voltage (open voltage) with an electric tester. When replacing the battery, do not use a traditional battery.

SPECIFICATIONS

Battery

LIEK 50/125 Capacity

12V7AH

Voltage

13.0～13.2V

Charging current

Spark plug

Standard

0.4A/5H

Quick

4A/0.5H

(NGK)

Spark plug gap Primary coil Secondary coil Ignition coil resistance (with plug cap) Secondary coil (without plug cap) Pulser coil resistance (20℃) Ignition timing

CR7HSA 0.6～0.7mm 0.2～0.3Ω 7.0～8.4KΩ 2.5～3.2KΩ 80～160Ω 13.5°±1°BTDC/2000rpm

TROUBLESHOOTING CHARGING SYSTEM

No power • Dead battery • Disconnected battery cable • Fuse burned out • Faulty ignition switch

Intermittent power • Loose battery cable connection • Loose charging system connection • Loose connection or short circuit in ignition system • Loose connection or short circuit in lighting system

Low power

Charging system failure

• • • •

• Loose, broken or shorted wire or connector • Faulty regulator/rectifier • Faulty A.C. generator

Weak battery Loose battery connection Charging system failure Faulty regulator/rectifier

15. ELECTRICAL EQUIPMENT

LIKE 50/125

IGNITION SYSTEM No spark at plug • Faulty spark plug • Poorly connected, broken or shorted wire —Between A.C. generator and CDI unit —Between CDI unit and ignition coil —Between CDI unit and ignition switch —Between ignition coil and spark plug • Faulty ignition switch • Faulty ignition coil • Faulty CDI unit • Faulty A.C. generator

Engine starts but turns poorly • Ignition primary circuit —Faulty ignition coil —Poorly connected wire or connector • Ignition secondary circuit —Faulty ignition coil —Faulty spark plug —Poorly insulated plug cap • Improper ignition timing —Battery voltage too low (6V max.) —Faulty CDI unit

STARTING SYSTEM Starter motor won‘t turn • Fuse burned out • Weak battery • Faulty ignition switch • Faulty starter switch • Faulty front or rear stop switch • Faulty starter relay • Poorly connected, broken or shorted wire • Faulty starter motor

Lack of power • Weak battery • Loose wire or connection • Foreign matter stuck in starter motor or pinion Starter motor rotates but engine does not start • Faulty starter pinion • Starter motor rotates reversely • Faulty starter clutch • Weak battery

15. ELECTRICAL EQUIPMENT

LIKE 50/125

CHARGING SYSTEM Dimmer Switch

Ignition Switch Resistor

A.C. Generator

15. ELECTRICAL EQUIPMENT

LIKE 50/125

BATTERY REMOVAL Remove the battery cover. Disconnect the battery cables .

＊

First disconnect the battery negative (-) cable and then the positive (+) cable.

Remove the battery. The installation sequence is the reverse of removal. BATTERY CHARGING (OPEN CIRCUIT VOLTAGE) INSPECTION Remove the battery cover and disconnect the battery cables. Measure the voltage between the battery terminals. Fully charged : 13.0V～13.2V Undercharged : 12.3V max.

＊

Battery Cover

Battery charging inspection must be performed with an electric tester.

CHARGING METHOD Connect the charger positive (+) cable to the battery positive (+) cable. Connect the charger negative (-) cable to the battery negative (-) cable.

＊ • Keep flames and sparks away from a charging battery. • Turn power ON/OFF at the charger, not at the battery terminals to prevent sparks near the battery. • Charge the battery according to the current specified on the battery surface. Black

Red

Charging current:Standard: 0.4A Quick : 4A Charging time : Standard: 5 hours Quick : 0.5 HOUR After charging: Open circuit voltage: 12.8V min.

＊ • Quick charging should only be done in an emergency. • During quick charging, the battery temperature should not exceed 45℃. • Measure the voltage 30 minutes after the battery is charged.

15. ELECTRICAL EQUIPMENT

LIKE 50/125

PERFORMANCE TEST Warm up the engine. Remove the floor mat and front tool box cover.

＊

Use a fully charged battery to check the charging system output.

Stop the engine and open the fuse box. Disconnect the wire lead from the fuse terminal. Connect an ammeter between the wire lead and fuse terminal as shown. Connect the battery positive (+) terminal to the voltmeter positive (+) probe and battery negative (-) terminal to the voltmeter negative (-) probe. Start the engine, gradually increase engine speed to test the output: Position RPM 2500

Day

Night

1.3A min.

1.0A min.

6000

2.0A min.

Charging Limit Voltage: 14.5±0.5V/8000rpm If the limit voltage is not within the specified range, check the regulator/ rectifier.

A.C. GENERATOR (CHARGING COIL) INSPECTION

＊

A.C. Generator Connector Inspect with the engine installed.

Remove the met-in box. (Ö12) Disconnect the A.C. generator connector. Measure the resistances between the charging coil terminals (white–green) and lighting coil terminals (yellow–green). Resistances: Charging coil white–green 0.4～2Ω Lighting coil yellow–green 0.3～2Ω Refer to 7-3 for A.C. generator removal.

15. ELECTRICAL EQUIPMENT

LIKE 50/125 Resister

RESISTOR INSPECTION Remove the frame front cover. (Ö12) Measure the resistance between the resistor with ground. Resistances: Resistor: 4.5～5.5Ω

＊

Faulty resistor is the cause of faulty operation of the auto bystarter.

REGULATOR/RECTIFIER INSPECTION Remove the front cover. (Ö12) Disconnect the regulator/rectifier wire coupler and remove the bolt to remove the regulator/rectifier. Measure the resistances between the terminals. Replace the regulator/rectifier if the readings are not within the specifications in the table below.

＊

• Due to the semiconductor in circuit, it is necessary to use a specified tester for accurate testing. Use of an improper tester in an improper range may give false readings. • Use a Sanwa Electric Tester (072080020000) or Kowa Electric Tester (TH-5H). The proper range for testing is listed below. Model

Brand

Range

SP-10D

Sanwa

KΩ

TH-5H

Kowa

100Ω

Regulator/Rectifier

Pink

Red

Black

Green

Yellow

15. ELECTRICAL EQUIPMENT

LIKE 50/125

IGNITION SYSTEM

Ignition Coil

Ignition Switch

Spark Plug

A.C. Generator (Exciter Coil)

15. ELECTRICAL EQUIPMENT

LIKE 50/125

IGNITION COIL INSPECTION Continuity Test

＊

This test is to inspect the continuity of ignition coil.

Remove the met-in box. (Ö12) Measure the resistance between the ignition coil primary coil terminals. Resistance (20℃): 0.153～0.187Ω

Measure the secondary coil resistance between the spark plug cap and the primary coil terminal as Figure A shown. Resistance (20℃) (with plug cap): 10～14KΩ

Figure B

Figure A

Measure the secondary coil resistance between the ignition coil terminal and the primary coil terminal as Figure B shown. Resistance (20℃) (without plug cap): 7～9KΩ

Ignition Coil

15. ELECTRICAL EQUIPMENT

LIKE 50/125

Performance Test Remove the ignition coil.

Inspect the ignition coil with an ignition coil tester.

＊

Follow the ignition coil tester manufacturer‘s instructions.

1. Turn the changeover switch to 12V and connect the ignition coil to the tester. 2. Turn the power switch ON and check the spark from the watch window. ‧Good : Normal and continuous spark ‧Faulty : Weak or intermittent spark

＊

The test is performed at both conditions that the ignition coil is cold and hot.

A.C. GENERATOR Exciter Coil/Pulser Coil Inspection

＊

This test is performed with the stator installed in the engine.

Remove the met-in box. (Ö12) Disconnect the A.C. generator wire connector. Measure the pulser coil resistance between the blue/yellow wire and ground. Resistance (20℃): 100～150Ω

Ignition Coil

15. ELECTRICAL EQUIPMENT

LIKE 50/125

CDI UNIT INSPECTION Remove the front cover. Disconnect the CDI coupler and remove the CDI unit.

CDI Unit

CDI CIRCUIT INSPECTION Measure the resistance between the terminals. Replace the CDI unit if the readings are not within the specifications in the table below.

Blue/ Yellow

Black/Blue

＊• Due to the semiconductor in circuit, it is necessary to use a specified tester for accurate testing. Use of an improper tester in an improper range may give false readings. • Use a Sanwa Electric Tester or Kowa Electric Tester (TH-5H). • In this table, “Needle swings then returns” indicates that there is a charging current applied to a condenser. The needle will then remain at “∞” unless the condenser is discharged. Use the x KΩ range for the Sanwa Tester. Use the x 100Ω range for the Kowa Tester.

Violet/ Black Green

Black / Blue

Violet/Red

Green/ Black

Unit: Ω Probe⊕ (-)Probe

Black

Blue/ Yellow

Black/ Yellow

4~7MΩ 4~7MΩ 2~3MΩ

Blue/ 15~20KΩ Yellow Green

Green

600~900Ω

4~7MΩ

15~20MΩ 600~900Ω

∞

1000~1500KΩ

∞

15. ELECTRICAL EQUIPMENT STARTING SYSTEM

Starter Button Starter Relay Ignition Switch

Starter Motor

LIKE 50/125

15. ELECTRICAL EQUIPMENT

LIKE 50/125

Starter Relay STARTER RELAY INSPECTION Remove the foot-floor cover. Disconnect the starter relay coupler and then remove the starter relay.

Connect the starter relay (D) terminal to the 12V battery positive (+) terminal and the relay (C) terminal to the battery negative (-) terminal. Check for continuity between the starter relay (A) and (B) terminals. The relay is normal if there is continuity.

STARTER MOTOR REMOVAL Disconnect the starter motor cable. Remove the two bolts attaching the starter motor and remove the starter motor. The installation sequence is the reverse of removal.

Starter Motor

15. ELECTRICAL EQUIPMENT

STARTER MOTOR INSPECTION

LIKE 50/125

Starter Motor Battery (+) Terminal

Connect a battery across the starter motor and check for its operation.

ďź&#x160; 1. Do not turn the starter motor for a long time. 2. This inspection should be done with a fully charged battery.

Battery

,167580(17 6:,7&+(6 /,*+76

/,.(

``````````````````````````````````````````````````````````````````````````````````````````

,167580(17 6:,7&+(6 /,*+76 ``````````````````````````````````````````````````````````````````````````````````````````

6(59,&( ,1)250$7,21 7528%/(6+227,1* )8(/ 81,7 6:,7&+(6 6723 6:,7&+ ,163(&7,21 +251 )5217 7851 6,*1$/ /,*+7 5(3/$&(0(17 ,167580(17 +($'/,*+7

,167580(17 6:,7&+(6 /,*+76

/,.(

6(59,&( ,1)250$7,21

*(1(5$/ ,16758&7,216 x :LUHV VKRXOG EH FRQQHFWHG WR RWKHU ZLUHV RI WKH VDPH FRORU &RXSOHUV PXVW EH FRQQHFWHG WR RWKHU FRXSOHUV RI WKH VDPH FRORU x $OO SODVWLF SOXJV KDYH ORFNLQJ WDEV WKDW PXVW EH UHOHDVHG EHIRUH GLVFRQQHFWLQJ DQG PXVW EH DOLJQHG ZKHQ UHFRQQHFWLQJ x $IWHU LQVWDOODWLRQ RI HDFK VZLWFK D FRQWLQXLW\ FKHFN PXVW EH SHUIRUPHG

7528%/(6+227,1* /LJKWV GR QRW FRPH RQ ZKHQ LJQLWLRQ Â´ VZLWFK LV Â³21 21Â´ x x x x x x x

%XUQHG EXOE )DXOW\ VZLWFK %URNHQ RU VKRUWHG ZLUH )XVH EXUQHG RXW :HDN EDWWHU\ 3RRUO\ FRQQHFWHG ZLUH )DXOW\ ZLQNHU

/LJKW GLPV x )DXOW\ LJQLWLRQ FRLO x :LUH RU VZLWFK UHVLVWDQFH WRR KLJK x )DXOW\ UHJXODWRU UHFWLILHU +HDGOLJKW GRHV QRW FKDQJH ZKHQ GLPPHU VZLWFK LV WXUQ WR +L RU /R x )DXOW\ RU EXUQHG EXOE x )DXOW\ GLPPHU VZLWFK

0RWRU RLO LQGLFDWRU OLJKW GRHV QRW FRPH RQ ZKHQ PRWRU RLO LV LQVXIILFLHQW

x )XVH EXUQHG RXW x 'HDG EDWWHU\ x )DXOW\ LJQLWLRQ VZLWFK x )DXOW\ LQVWUXPHQW x )DXOW\ RLO PHWHU 0RWRU RLO LQGLFDWRU OLJKW ZLQNV x /RRVH ZLUH FRQQHFWLRQ x %URNHQ ZLUH x )DXOW\ RLO PHWHU )XHO JDXJH SRLQWHU GRHV QRW UHJLVWHU FRUUHFWO\ x 'LVFRQQHFWHG ZLUH RU FRQQHFWRU x %URNHQ ZLUH x )DXOW\ IORDW x )DXOW\ IXHO XQLW x )DXOW\ LQVWUXPHQW )XHO JDXJH SRLQWHU IOXFWXDWHV RU VZLQJV x /RRVH ZLUH FRQQHFWLRQ x )DXOW\ IXHO XQLW x )DXOW\ LQVWUXPHQW

,167580(17 6:,7&+(6 /,*+76

/,.(

)8(/ 81,7

)XHO 8QLW 1R 6PRNLQJ

5(029$/ 5HPRYH WKH VHDW 5HPRYH WKH ERG\ FRYHU 'LVFRQQHFW WKH IXHO XQLW ZLUH FRQQHFWRUV

Ï 'R QRW GDPDJH WKH IXHO XQLW ZLUH 5HPRYH WKH IXHO XQLW

Ï %H FDUHIXO QRW WR EHQG RU GDPDJH WKH IXHO XQLW IORDW DUP )XHO 8QLW :LUH ,163(&7,21 5HPRYH WKH IXHO XQLW 0HDVXUH WKH UHVLVWDQFH EHWZHHQ WKH IXHO XQLW ZLUH WHUPLQDOV ZLWK WKH IORDW DW XSSHU DQG ORZHU SRVLWLRQV 5(6,67$1&(6 :LUH 7HUPLQDOV *Ð&#x201D;< :

8QLW : 8SSHU

/RZHU

Ð&#x201D;

)8(/ *$8*( ,163(&7,21 &RQQHFW WKH IXHO XQLW ZLUH FRQQHFWRUV DQG WXUQ WKH LJQLWLRQ VZLWFK Â³21Â´

Ï %HIRUH SHUIRUPLQJ WKH IROORZLQJ WHVW RSHUDWH WKH WXUQ VLJQDOV WR GHWHUPLQH WKDW WKH EDWWHU\ FLUFXLW LV QRUPDO &KHFN WKH IXHO JDXJH QHHGOH IRU FRUUHFW LQGLFDWLRQ E\ PRYLQJ WKH IXHO XQLW IORDW XS DQG GRZQ )ORDW 3RVLWLRQ

1HHGOH 3RVLWLRQ

8SSHU

Â³)Â´ )XOO

/RZHU

Â³(Â´ (PSW\

,167580(17 6:,7&+(6 /,*+76

,167$//$7,21 7KH LQVWDOODWLRQ VHTXHQFH LV WKH UHYHUVH RI UHPRYDO

)XHO 8QLW

Ϡ x ,QVWDOO WKH IXHO XQLW DW WKH FRQQHFW SRVLWLRQ

:LUH &RQQHFWRU

/,.(

,167580(17 6:,7&+(6 /,*+76

/,.(

6:,7&+(6 ,*1,7,21 6:,7&+ ,163(&7,21 5HPRYH WKH IURQW FRYHU Ö

'LVFRQQHFW WKH LJQLWLRQ VZLWFK ZLUH FRXSOHUV DQG FKHFN IRU FRQWLQXLW\ EHWZHHQ WKH ZLUH WHUPLQDOV &RORU 5HG %ODFN :KLWH *UHHQ %ODFN 6\PERO %$7 ,* ( %$7 /2&. Ϥ Ϥ 2)) Ϥ Ϥ 21 Ϥ Ϥ

%ROWV ,*1,7,21 6:,7&+ 5(3/$&(0(17 5HPRYH WKH IURQW FRYHU Ö

'LVFRQQHFW WKH LJQLWLRQ VZLWFK ZLUH FRXSOHUV 5HPRYH WKH WZR PRXQWLQJ EROWV DQG UHPRYH WKH LJQLWLRQ VZLWFK 7KH LQVWDOODWLRQ VHTXHQFH LV WKH UHYHUVH RI UHPRYDO

,167580(17 6:,7&+(6 /,*+76

/,.(

'LPPHU 6ZLWFK ',00(5 6:,7&+ ,163(&7,21 &KHFN IRU FRQWLQXLW\ EHWZHHQ ZLUH WHUPLQDOV &RORU 6\PERO +, /2 3$66,1*

: / +/ Ϥ Ϥ

/ +, Ϥ

:H /2

< %$7

Ϥ Ϥ

3DVVLQJ 6ZLWFK 7851 6,*1$/ 6:,7&+ ,163(&7,21 &KHFN IRU FRQWLQXLW\ EHWZHHQ WKH ZLUH WHUPLQDOV &RORU 6\PERO 5 /

6% 5 Ϥ

2 / Ϥ

*5 :5 Ϥ Ϥ

7XUQ 6LJQDO 6ZLWFK

,167580(17 6:,7&+(6 /,*+76

/,.(

67$57(5 6:,7&+ ,163(&7,21 &KHFN IRU FRQWLQXLW\ EHWZHHQ ZLUH WHUPLQDOV 3XVK WKH VWDUWHU EXWWRQ ZKHQ PHDVXULQJ &RORU 6\PERO )5(( 386+

< 5 67

* (

Ϥ 6WDUWHU 6ZLWFK

+251 6:,7&+ ,163(&7,21 &KHFN IRU FRQWLQXLW\ EHWZHHQ ZLUH WHUPLQDOV 3XVK WKH KRUQ EXWWRQ ZKHQ PHDVXULQJ &RORU 6\PERO )5(( 386+

/LJKW *UHHQ +2

%URZQ %OXH %$7

+RUQ 6ZLWFK 6WRS 6ZLWFK :LUH

6723 6:,7&+ ,163(&7,21 5HPRYH WKH KDQGOHEDU IURQW FRYHU Ö

'LVFRQQHFW WKH IURQW DQG UHDU VWRS VZLWFK ZLUH FRXSOHUV &KHFN IRU FRQWLQXLW\ EHWZHHQ WKH ZLUH WHUPLQDOV ZKHQ WKH IURQW UHDU EUDNH OHYHU LV DSSOLHG

,167580(17 6:,7&+(6 /,*+76

/,.(

+RUQ 7HUPLQDO +251 ,163(&7,21 5HPRYH WKH IUDPH IURQW FRYHU Ö

'LVFRQQHFW WKH KRUQ ZLUH FRXSOHUV 7KH KRUQ LV QRUPDO LI LW VRXQGV ZKHQ D 9 EDWWHU\ LV FRQQHFWHG DFURVV WKH KRUQ ZLUH WHUPLQDOV

)5217 7851 6,*1$/ /,*+7 5(3/$&(0(17 5HPRYH WKUHH VFUHZV DWWDFKLQJ WKH WXUQ VLJQDO OLJKW VHW DQG UHPRYH WKH OLJKW VHW

Ϡ 5HSODFH ZLWK QHZ VHW RI WKH VDPH VSHFLILFDWLRQV

7XUQ 6LJQDO /LJKW 6HW

7$,//,*+7 6723/,*+7 5($5 7851 6,*1$/ /,*+7 %8/% 5(3/$&(0(17 7DLOOLJKW %DVH 5HPRYDO 5HPRYH WKH UHDU SURWHFWLYH FRYHU 5HPRYH WKH VHDW 5HPRYH WKH ERG\ FRYHU 5HPRYH WKH WDLOOLJKW EDVH 7KH LQVWDOODWLRQ VHTXHQFH LV WKH UHYHUVH RI UHPRYH

7DLOOLJKW %DVH

,167580(17 6:,7&+(6 /,*+76

/,.(

%XOE 6RFNHW ,167580(176 %8/% 5(3/$&(0(17 5HPRYH WKH KDQGOHEDU UHDU FRYHU Ã&#x2013;

5HPRYH WKH EXOE VRFNHW DQG UHSODFH WKH EXOE 7KH LQVWDOODWLRQ VHTXHQFH LV WKH UHYHUVH RI UHPRYDO

,167580(176 5(3/$&(0(17 5HPRYH WKH KDQGOHEDU UHDU FRYHU Ã&#x2013;

'LVFRQQHFW WKH ULJKW DQG OHIW KDQGOHEDU VZLWFKHV ZLUH FRXSOHUV 'LVFRQQHFW WKH VSHHGRPHWHU FDEOH 5HPRYH WKH LQVWUXPHQW EXOE VRFNHWV 'LVFRQQHFW WKH WZR IXHO JDXJH ZLUHV 5HPRYH WKH LQVWUXPHQW ZLUH FODPS VFUHZ 5HPRYH WKH WKUHH VFUHZV DWWDFKLQJ WKH LQVWUXPHQWV WR WKH KDQGOHEDU UHDU FRYHU 5HPRYH WKH LQVWUXPHQWV

%ROWV

)XHO *DXJH 6WRS /LJKW 6SHHGRPHW 7XUQ 6LJQDO HU :LUHV :LUHV :LUHV &DEOH +($'/,*+7 5(029$/ %8/% 5(3/$&(0(17 5HPRYH WKH KDQGOHEDU UHDU FRYHU Ã&#x2013;

5HPRYH WKH EXOE VRFNHWV DQG EXOEV

Ï x 7KH PRGHO DGRSWV NU\SWRQ JDV EXOE

:KHQ LQVWDOOLQJ GR QRW GLUHFWO\ WRXFK WKH EXOE JODVV ZLWK ILQJHUV x 8VH EXOEV RI WKH VDPH VSHFLILFDWLRQV IRU UHSODFHPHQW 7KH LQVWDOODWLRQ VHTXHQFH LV WKH UHYHUVH RI UHPRYDO %XOE 6RFNHWV

(;+$867 (0,66,21 &21752/ /,.(

6<67(0

BBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBB

(;+$867 (0,66,21 &21752/ 6<67(0 BBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBB 6&+(0$7,& '5$:,1* (;+$867 (0,66,21 &21752/ 6<67(0 7528%/(6+227,1* 6(59,&( ,1)250$7,21 6(&21'$5< $,5 &/($1(5 $,5 ,1-(&7,21 &87 2)) 9$/9( $ , & 9 5((' 9$/9(

(;+$867 (0,66,21 &21752/

/,.(

6<67(0 6&+(0$7,& '5$:,1*

(;+$867 (0,66,21 &21752/ 6<67(0 7KH H[KDXVW HPLVVLRQ FRQWURO V\VWHP DGRSWHG LQ WKLV PRGHO XWLOL]HV WKH UHHG YDOYH WR GUDZ VHFRQGDU\ DLU LQWR WKH H[KDXVW V\VWHP IRU UH FRPEXVWLRQ E\ PHDQV RI H[KDXVW SXOVDWLRQ VR DV WR PLQLPL]H WKH H[KDXVW HPLVVLRQ )81&7,21 ,WHP

3XUSRVH

)XQFWLRQ

)LOWHU VHFRQGDU\ DLU

,W ILOWHUV WKH IUHVK DLU GUDZQ IRU UH EXUQLQJ WR SUHYHQW GLUW RU GXVW IURP DIIHFWLQJ WKH RSHUDWLRQ RI WKH DLU LQMHFWLRQ FXW RII YDOYH

$LU ,QMHFWLRQ &XW RII 9DOYH

3UHYHQW H[KDXVW PXIIOHU QRLVH DQG EDFNILULQJ DW VXGGHQ GHFHOHUDWLRQ

7KH DLU LQMHFWLRQ FXW RII YDOYH XVXDOO\ RSHQV WR OHDG DLU LQWR WKH H[KDXVW PXIIOHU LQ ZKLFK DLU LV UH EXUQHG WR UHGXFH &2 :KHQ WKH WKURWWOH YDOYH FORVHV VXGGHQO\ WKH DLU LQMHFWLRQ FXW RII YDOYH LV DFWXDWHG E\ YDFXXP WR FORVH DQG FXW RII VHFRQGDU\ DLU LQ RUGHU WR SUHYHQW H[KDXVW PXIIOHU EDFNILULQJ GXH WR DLU LQ WKH H[KDXVW V\VWHP

5HHG 9DOYH

:KHQ WKH PRWRUF\FOH VSHHG LV OHVV WKDQ NP SHU &RQWURO WKH VHFRQGDU\ KRXU WKH UHHG YDOYH RSHUDWHV WR GUDZ VHFRQGDU\ DLU LQOHW WR UHGXFH &2 DLU LQWR WKH H[KDXVW V\VWHP IRU UH FRPEXVWLRQ

6HFRQGDU\ $LU &OHDQHU

(;+$867 (0,66,21 &21752/ 6<67(0 7528%/(6+227,1* +LJK &2 DW LGOH VSHHG 'DPDJHG RU FORJJHG UHHG YDOYH 'DPDJHG RU FORJJHG DLU LQMHFWLRQ FXW RII YDOYH &ORJJHG DLU FOHDQHU %DFNILULQJ DW VXGGHQ GHFHOHUDWLRQ 'DPDJHG UHHG YDOYH PDOIXQFWLRQ

)DXOW\ DLU LQMHFWLRQ FXW RII YDOYH XQDEOH WR FORVH

&DUEXUHWRU LQFRUUHFWO\ DGMXVWHG )DXOW\ DLU FXW RII YDOYH /HDNLQJ YDFXXP WXEH ([KDXVW PXIIOHU QRLVH )DXOW\ DLU LQMHFWLRQ FXW RII YDOYH %URNHQ YDFXXP WXEH )DXOW\ UHHG YDOYH

6(59,&( ,1)250$7,21 *(1(5$/ ,16758&7,216 x x x x

'XULQJ RSHUDWLRQ EH FDUHIXO WR DYRLG VFDOGLQJ FDXVHG E\ WKH H[KDXVW PXIIOHU 1RWH WKH ORFDWLRQV RI WXEHV IRU SURSHU LQVWDOODWLRQ 5HSODFH DQ\ GDPDJHG WXEH ZLWK D QHZ RQH 0DNH VXUH WR WLJKWHQ WKH FRQQHFWRU RI HDFK WXEH VHFXUHO\

722/6 x 9DFXXP SXPS

63(&,),&$7,216 $LU LQMHFWLRQ FXW RII YDOYH DFWXDWLQJ SUHVVXUHЁ PP +JЁ OLWHU PLQ 5HHG YDOYH VWRSSHU FOHDUDQFHЁ PP

/,.(

(;+$867 (0,66,21 &21752/

/,.(

6<67(0 6(&21'$5< $,5 &/($1(5 $,5 6(&21'$5< ,1-(&7,21 &21752/ 9$/9( $ , & 9

6HFRQGDU\ $LU &OHDQHU $ , & 9

5(029$/ 5HPRYH WKH VHDW Ã&#x2013;

5HPRYH WKH ERG\ FRYHU 'LVFRQQHFW WKH VHFRQGDU\ DLU FOHDQHU $ , & 9 FRQQHFWLQJ WXEH

,163(&7,21 5HPRYH WZR VFUHZV RQ WKH DLU FOHDQHU DLU LQMHFWLRQ FRQWURO YDOYH 5HSODFH QHZ RQH ZKHQ WKH ILOWHU HOHPHQWV REVWUXFW FRQVLGHUDEOH GLUW

$LU ,QOHW 7XEH %ROW $LU 2XWOHW 7XEH

,167$//$7,21 7KH LQVWDOODWLRQ VHTXHQFH LV WKH UHYHUVH RI UHPRYDO

Ï x 7KH VHFRQGDU\ DLU FOHDQHU PXVW EH DVVHPEOHG DQG LQVWDOOHG SURSHUO\ WR DYRLG GXVW HQWHULQJ WKH DLU FOHDQHU x :KHQ LQVWDOOLQJ EH FDUHIXO QRW WR EHQG RU WZLVW WKH WXEHV DQG FKHFN IRU SURSHU LQVWDOODWLRQ x 7KH WXEH OHQJWK LV YHU\ LPSRUWDQW WR LWV SHUIRUPDQFH XVH WKH WXEH RI VDPH VSHFLILFDWLRQ IRU UHSODFHPHQW

$LU ,QOHW 7XEH

9DFXXP 7XEH

(;+$867 (0,66,21 &21752/ /,.(

6<67(0 5HHG 9DOYH &RYHU

&\OLQGHU +HDG &RYHU

5((' 9$/9( 5(029$/ 'LVFRQQHFW WKH VHFRQGDU\ DLU LQOHW WXEH FRQQHFWRU 5HPRYH WKH UHHG YDOYH FRYHU WKUHH EROWV

6HFRQGDU\ $LU ,QOHW 7XEH 5HPRYH WKH WKUHH EROWV DWWDFKLQJ WKH UHHG YDOYH FRYHU DQG WKH UHHG YDOYH

5HHG 9DOYH ,163(&7,21 &KHFN WKH UHHG YDOYH IRU FUDFNV GDPDJH ELJ FOHDUDQFH RU ZHDN UHHGV 5HSODFH LI QHFHVVDU\ &KHFN WKH JDVNHW DQG 2 ULQJ IRU GDPDJH RU GHWHULRUDWLRQ DQG UHSODFH LI QHFHVVDU\ 5HHG YDOYH VWRSSHU FOHDUDQFH PP ,167$//$7,21 ,QVWDOO WKH UHHG YDOYH LQ WKH UHYHUVH RUGHU RI UHPRYDO

x :KHQ LQVWDOOLQJ EH FDUHIXO QRW WR EHQG RU WZLVW WKH WXEHV DQG FKHFN IRU SURSHU LQVWDOODWLRQ

5HHG 6WRSSHU