*18/LFHQVH
,PSRUWDQW1RWLFH5HJDUGLQJ6RIWZDUH
7KHVRIWZDUHSDFNDJHLQVWDOOHGLQWKLVSURGXFWLQFOXGHVVRIWZDUHOLFHQVHGWR2QN\R&RUSRUDWLRQKHUHLQDIWHUFDOOHG2QN\R
GLUHFWO\RULQGLUHFWO\E\WKLUGSDUW\GHYHORSHUV3OHDVHEHVXUHWRUHDGWKLVQRWLFHUHJDUGLQJVXFKVRIWZDUH
1RWLFH5HJDUGLQJ*18*3//*3/DSSOLFDEOH6RIWZDUH
7KLVSURGXFWLQFOXGHVWKHIROORZLQJVRIWZDUHWKDWLVFRYHUHGE\*18*HQHUDO3XEOLF/LFHQVHKHUHLQDIWHUFDOOHG*3/RUE\
*18/HVVHU*HQHUDO3XEOLF/LFHQVHKHUHLQDIWHUFDOOHG/*3/
2QN\RQRWLILHV\RXWKDWDFFRUGLQJWRWKHDWWDFKHG*3//*3/\RXKDYHULJKWWRREWDLQPRGLI\DQGUHGLVWULEXWHVRIWZDUH
VRXUFHFRGHIRUWKHOLVWHGVRIWZDUH
3DFNDJH/LVW
OLQX[
X&OLEF
EXV\ER[
OLEJFF
OLEVWGF
OLEPPV
FRPSDWZLUHOHVV
ZSDBVXSSOLFDQW
GQVPDVT
OLELFRQY
EOXH]
GEXV
LSHUI
IDDG
*18/(66(5*(1(5$/38%/,&/,&(16(
9HUVLRQ)HEUXDU\
&RS\ULJKW&)UHH6RIWZDUH)RXQGDWLRQ,QF7HPSOH3ODFH6XLWH%RVWRQ0$86$
(YHU\RQHLVSHUPLWWHGWRFRS\DQGGLVWULEXWHYHUEDWLPFRSLHVRIWKLVOLFHQVHGRFXPHQWEXWFKDQJLQJLWLVQRWDOORZHG
>7KLVLVWKHILUVWUHOHDVHGYHUVLRQRIWKH/HVVHU*3/,WDOVRFRXQWVDVWKHVXFFHVVRURIWKH*18/LEUDU\3XEOLF/LFHQVH
YHUVLRQKHQFHWKHYHUVLRQQXPEHU@
3UHDPEOH
7KHOLFHQVHVIRUPRVWVRIWZDUHDUHGHVLJQHGWRWDNHDZD\\RXUIUHHGRPWRVKDUHDQGFKDQJHLW%\FRQWUDVWWKH*18
*HQHUDO3XEOLF/LFHQVHVDUHLQWHQGHGWRJXDUDQWHH\RXUIUHHGRPWRVKDUHDQGFKDQJHIUHHVRIWZDUHWRPDNHVXUHWKH
VRIWZDUHLVIUHHIRUDOOLWVXVHUV
7KLVOLFHQVHWKH/HVVHU*HQHUDO3XEOLF/LFHQVHDSSOLHVWRVRPHVSHFLDOO\GHVLJQDWHGVRIWZDUHSDFNDJHVW\SLFDOO\OLEUDULHV
RIWKH)UHH6RIWZDUH)RXQGDWLRQDQGRWKHUDXWKRUVZKRGHFLGHWRXVHLW<RXFDQXVHLWWRREXWZHVXJJHVW\RXILUVWWKLQN
FDUHIXOO\DERXWZKHWKHUWKLVOLFHQVHRUWKHRUGLQDU\*HQHUDO3XEOLF/LFHQVHLVWKHEHWWHUVWUDWHJ\WRXVHLQDQ\SDUWLFXODUFDVH
EDVHGRQWKHH[SODQDWLRQVEHORZ
:KHQZHVSHDNRIIUHHVRIWZDUHZHDUHUHIHUULQJWRIUHHGRPRIXVHQRWSULFH2XU*HQHUDO3XEOLF/LFHQVHVDUHGHVLJQHGWR
PDNHVXUHWKDW\RXKDYHWKHIUHHGRPWRGLVWULEXWHFRSLHVRIIUHHVRIWZDUHDQGFKDUJHIRUWKLVVHUYLFHLI\RXZLVKWKDW\RX
UHFHLYHVRXUFHFRGHRUFDQJHWLWLI\RXZDQWLWWKDW\RXFDQFKDQJHWKHVRIWZDUHDQGXVHSLHFHVRILWLQQHZIUHHSURJUDPV
DQGWKDW\RXDUHLQIRUPHGWKDW\RXFDQGRWKHVHWKLQJV
7RSURWHFW\RXUULJKWVZHQHHGWRPDNHUHVWULFWLRQVWKDWIRUELGGLVWULEXWRUVWRGHQ\\RXWKHVHULJKWVRUWRDVN\RXWRVXUUHQGHU
WKHVHULJKWV7KHVHUHVWULFWLRQVWUDQVODWHWRFHUWDLQUHVSRQVLELOLWLHVIRU\RXLI\RXGLVWULEXWHFRSLHVRIWKHOLEUDU\RULI\RXPRGLI\LW
)RUH[DPSOHLI\RXGLVWULEXWHFRSLHVRIWKHOLEUDU\ZKHWKHUJUDWLVRUIRUDIHH\RXPXVWJLYHWKHUHFLSLHQWVDOOWKHULJKWVWKDW
ZHJDYH\RX<RXPXVWPDNHVXUHWKDWWKH\WRRUHFHLYHRUFDQJHWWKHVRXUFHFRGH,I\RXOLQNRWKHUFRGHZLWKWKHOLEUDU\
\RXPXVWSURYLGHFRPSOHWHREMHFWILOHVWRWKHUHFLSLHQWVVRWKDWWKH\FDQUHOLQNWKHPZLWKWKHOLEUDU\DIWHUPDNLQJFKDQJHVWR
WKHOLEUDU\DQGUHFRPSLOLQJLW$QG\RXPXVWVKRZWKHPWKHVHWHUPVVRWKH\NQRZWKHLUULJKWV
:HSURWHFW\RXUULJKWVZLWKDWZRVWHSPHWKRGZHFRS\ULJKWWKHOLEUDU\DQGZHRIIHU\RXWKLVOLFHQVHZKLFKJLYHV\RX
OHJDOSHUPLVVLRQWRFRS\GLVWULEXWHDQGRUPRGLI\WKHOLEUDU\7RSURWHFWHDFKGLVWULEXWRUZHZDQWWRPDNHLWYHU\FOHDUWKDW
WKHUHLVQRZDUUDQW\IRUWKHIUHHOLEUDU\$OVRLIWKHOLEUDU\LVPRGLILHGE\VRPHRQHHOVHDQGSDVVHGRQWKHUHFLSLHQWVVKRXOG
NQRZWKDWZKDWWKH\KDYHLVQRWWKHRULJLQDOYHUVLRQVRWKDWWKHRULJLQDODXWKRUVUHSXWDWLRQZLOOQRWEHDIIHFWHGE\SUREOHPV
WKDWPLJKWEHLQWURGXFHGE\RWKHUV
)LQDOO\VRIWZDUHSDWHQWVSRVHDFRQVWDQWWKUHDWWRWKHH[LVWHQFHRIDQ\IUHHSURJUDP:HZLVKWRPDNHVXUHWKDWDFRPSDQ\
FDQQRWHIIHFWLYHO\UHVWULFWWKHXVHUVRIDIUHHSURJUDPE\REWDLQLQJDUHVWULFWLYHOLFHQVHIURPDSDWHQWKROGHU7KHUHIRUHZH
LQVLVWWKDWDQ\SDWHQWOLFHQVHREWDLQHGIRUDYHUVLRQRIWKHOLEUDU\PXVWEHFRQVLVWHQWZLWKWKHIXOOIUHHGRPRIXVHVSHFLILHGLQ
WKLVOLFHQVH
0RVW*18VRIWZDUHLQFOXGLQJVRPHOLEUDULHVLVFRYHUHGE\WKHRUGLQDU\*18*HQHUDO3XEOLF/LFHQVH7KLVOLFHQVHWKH*18
/HVVHU*HQHUDO3XEOLF/LFHQVHDSSOLHVWRFHUWDLQGHVLJQDWHGOLEUDULHVDQGLVTXLWHGLIIHUHQWIURPWKHRUGLQDU\*HQHUDO3XEOLF
/LFHQVH:HXVHWKLVOLFHQVHIRUFHUWDLQOLEUDULHVLQRUGHUWRSHUPLWOLQNLQJWKRVHOLEUDULHVLQWRQRQIUHHSURJUDPV
:KHQDSURJUDPLVOLQNHGZLWKDOLEUDU\ZKHWKHUVWDWLFDOO\RUXVLQJDVKDUHGOLEUDU\WKHFRPELQDWLRQRIWKHWZRLVOHJDOO\
VSHDNLQJDFRPELQHGZRUNDGHULYDWLYHRIWKHRULJLQDOOLEUDU\7KHRUGLQDU\*HQHUDO3XEOLF/LFHQVHWKHUHIRUHSHUPLWVVXFK
OLQNLQJRQO\LIWKHHQWLUHFRPELQDWLRQILWVLWVFULWHULDRIIUHHGRP7KH/HVVHU*HQHUDO3XEOLF/LFHQVHSHUPLWVPRUHOD[FULWHULD
IRUOLQNLQJRWKHUFRGHZLWKWKHOLEUDU\
:HFDOOWKLVOLFHQVHWKH/HVVHU*HQHUDO3XEOLF/LFHQVHEHFDXVHLWGRHV/HVVWRSURWHFWWKHXVHUVIUHHGRPWKDQWKHRUGLQDU\
*HQHUDO3XEOLF/LFHQVH,WDOVRSURYLGHVRWKHUIUHHVRIWZDUHGHYHORSHUV/HVVRIDQDGYDQWDJHRYHUFRPSHWLQJQRQIUHHSURJUDPV
7KHVHGLVDGYDQWDJHVDUHWKHUHDVRQZHXVHWKHRUGLQDU\*HQHUDO3XEOLF/LFHQVHIRUPDQ\OLRZHYHUWKH/HVVHU
OLFHQVHSURYLGHVDGYDQWDJHVLQFHUWDLQVSHFLDOFLUFXPVWDQFHV
)RUH[DPSOHRQUDUHRFFDVLRQVWKHUHPD\EHDVSHFLDOQHHGWRHQFRXUDJHWKHZLGHVWSRVVLEOHXVHRIDFHUWDLQOLEUDU\VR
WKDWLWEHFRPHVDGHIDFWRVWDQGDUG7RDFKLHYHWKLVQRQIUHHSURJUDPVPXVWEHDOORZHGWRXVHWKHOLEUDU\$PRUHIUHTXHQW
FDVHLVWKDWDIUHHOLEUDU\GRHVWKHVDPHMREDVZLGHO\XVHGQRQIUHHOLEUDULHV,QWKLVFDVHWKHUHLVOLWWOHWRJDLQE\OLPLWLQJWKH
IUHHOLEUDU\WRIUHHVRIWZDUHRQO\VRZHXVHWKH/HVVHU*HQHUDO3XEOLF/LFHQVH
,QRWKHUFDVHVSHUPLVVLRQWRXVHDSDUWLFXODUOLEUDU\LQQRQIUHHSURJUDPVHQDEOHVDJUHDWHUQXPEHURISHRSOHWRXVHDODUJH
ERG\RIIUHHVRIWZDUH)RUH[DPSOHSHUPLVVLRQWRXVHWKH*18&/LEUDU\LQQRQIUHHSURJUDPVHQDEOHVPDQ\PRUHSHRSOHWR
XVHWKHZKROH*18RSHUDWLQJV\VWHPDVZHOODVLWVYDULDQWWKH*18/LQX[RSHUDWLQJV\VWHP
$OWKRXJKWKH/HVVHU*HQHUDO3XEOLF/LFHQVHLV/HVVSURWHFWLYHRIWKHXVHUVIUHHGRPLWGRHVHQVXUHWKDWWKHXVHURIDSURJUDP
WKDWLVOLQNHGZLWKWKH/LEUDU\KDVWKHIUHHGRPDQGWKHZKHUHZLWKDOWRUXQWKDWSURJUDPXVLQJDPRGLILHGYHUVLRQRIWKH/LEUDU\
7KHSUHFLVHWHUPVDQGFRQGLWLRQVIRUFRS\LQJGLVWULEXWLRQDQGPRGLILFDWLRQIROORZ3D\FORVHDWWHQWLRQWRWKHGLIIHUHQFH
EHWZHHQDZRUNEDVHGRQWKHOLEUDU\DQGDZRUNWKDWXVHVWKHOLEUDU\7KHIRUPHUFRQWDLQVFRGHGHULYHGIURPWKHOLEUDU\
ZKHUHDVWKHODWWHUPXVWEHFRPELQHGZLWKWKHOLEUDU\LQRUGHUWRUXQ
7(506$1'&21',7,216)25&23<,1*',675,%87,21$1'02',),&$7,21
7KLV/LFHQVH$JUHHPHQWDSSOLHVWRDQ\VRIWZDUHOLEUDU\RURWKHUSURJUDPZKLFKFRQWDLQVDQRWLFHSODFHGE\WKHFRS\ULJKW
KROGHURURWKHUDXWKRUL]HGSDUW\VD\LQJLWPD\EHGLVWULEXWHGXQGHUWKHWHUPVRIWKLV/HVVHU*HQHUDO3XEOLF/LFHQVHDOVR
FDOOHGWKLV/LFHQVH(DFKOLFHQVHHLVDGGUHVVHGDV\RX
$OLEUDU\PHDQVDFROOHFWLRQRIVRIWZDUHIXQFWLRQVDQGRUGDWDSUHSDUHGVRDVWREHFRQYHQLHQWO\OLQNHGZLWKDSSOLFDWLRQ
SURJUDPVZKLFKXVHVRPHRIWKRVHIXQFWLRQVDQGGDWDWRIRUPH[HFXWDEOHV
7KH/LEUDU\EHORZUHIHUVWRDQ\VXFKVRIWZDUHOLEUDU\RUZRUNZKLFKKDVEHHQGLVWULEXWHGXQGHUWKHVHWHUPV$ZRUNEDVHG
RQWKH/LEUDU\PHDQVHLWKHUWKH/LEUDU\RUDQ\GHULYDWLYHZRUNXQGHUFRS\ULJKWODZWKDWLVWRVD\DZRUNFRQWDLQLQJWKH
/LEUDU\RUDSRUWLRQRILWHLWKHUYHUEDWLPRUZLWKPRGLILFDWLRQVDQGRUWUDQVODWHGVWUDLJKWIRUZDUGO\LQWRDQRWKHUODQJXDJH
+HUHLQDIWHUWUDQVODWLRQLVLQFOXGHGZLWKRXWOLPLWDWLRQLQWKHWHUPPRGLILFDWLRQ
6RXUFHFRGHIRUDZRUNPHDQVWKHSUHIHUUHGIRUPRIWKHZRUNIRUPDNLQJPRGLILFDWLRQVWRLW)RUDOLEUDU\FRPSOHWHVRXUFH
FRGHPHDQVDOOWKHVRXUFHFRGHIRUDOOPRGXOHVLWFRQWDLQVSOXVDQ\DVVRFLDWHGLQWHUIDFHGHILQLWLRQILOHVSOXVWKHVFULSWVXVHG
WRFRQWUROFRPSLODWLRQDQGLQVWDOODWLRQRIWKHOLEUDU\
$FWLYLWLHVRWKHUWKDQFRS\LQJGLVWULEXWLRQDQGPRGLILFDWLRQDUHQRWFRYHUHGE\WKLV/LFHQVHWKH\DUHRXWVLGHLWVVFRSH7KHDFW
RIUXQQLQJDSURJUDPXVLQJWKH/LEUDU\LVQRWUHVWULFWHGDQGRXWSXWIURPVXFKDSURJUDPLVFRYHUHGRQO\LILWVFRQWHQWV
FRQVWLWXWHDZRUNEDVHGRQWKH/LEUDU\LQGHSHQGHQWRIWKHXVHRIWKH/LEUDU\LQDWRROIRUZULWLQJLW:KHWKHUWKDWLVWUXH
GHSHQGVRQZKDWWKH/LEUDU\GRHVDQGZKDWWKHSURJUDPWKDWXVHVWKH/LEUDU\GRHV
<RXPD\FRS\DQGGLVWULEXWHYHUEDWLPFRSLHVRIWKH/LEUDU\VFRPSOHWHVRXUFHFRGHDV\RXUHFHLYHLWLQDQ\PHGLXP
SURYLGHGWKDW\RXFRQVSLFXRXVO\DQGDSSURSULDWHO\SXEOLVKRQHDFKFRS\DQDSSURSULDWHFRS\ULJKWQRWLFHDQGGLVFODLPHURI
ZDUUDQW\NHHSLQWDFWDOOWKHQRWLFHVWKDWUHIHUWRWKLV/LFHQVHDQGWRWKHDEVHQFHRIDQ\ZDUUDQW\DQGGLVWULEXWHDFRS\RI
WKLV/LFHQVHDORQJZLWKWKH/LEUDU\
<RXPD\FKDUJHDIHHIRUWKHSK\VLFDODFWRIWUDQVIHUULQJDFRS\DQG\RXPD\DW\RXURSWLRQRIIHUZDUUDQW\SURWHFWLRQLQ
H[FKDQJHIRUDIHH
<RXPD\PRGLI\\RXUFRS\RUFRSLHVRIWKH/LEUDU\RUDQ\SRUWLRQRILWWKXVIRUPLQJDZRUNEDVHGRQWKH/LEUDU\DQGFRS\DQG
GLVWULEXWHVXFKPRGLILFDWLRQVRUZRUNXQGHUWKHWHUPVRI6HFWLRQDERYHSURYLGHGWKDW\RXDOVRPHHWDOORIWKHVHFRQGLWLRQV
D7KHPRGLILHGZRUNPXVWLWVHOIEHDVRIWZDUHOLEUDU\
E<RXPXVWFDXVHWKHILOHVPRGLILHGWRFDUU\SURPLQHQWQRWLFHVVWDWLQJWKDW\RXFKDQJHGWKHILOHVDQGWKHGDWHRIDQ\FKDQJH
F<RXPXVWFDXVHWKHZKROHRIWKHZRUNWREHOLFHQVHGDWQRFKDUJHWRDOOWKLUGSDUWLHVXQGHUWKHWHUPVRIWKLV/LFHQVH
G,IDIDFLOLW\LQWKHPRGLILHG/LEUDU\UHIHUVWRDIXQFWLRQRUDWDEOHRIGDWDWREHVXSSOLHGE\DQDSSOLFDWLRQSURJUDPWKDW
XVHVWKHIDFLOLW\RWKHUWKDQDVDQDUJXPHQWSDVVHGZKHQWKHIDFLOLW\LVLQYRNHGWKHQ\RXPXVWPDNHDJRRGIDLWKHIIRUW
WRHQVXUHWKDWLQWKHHYHQWDQDSSOLFDWLRQGRHVQRWVXSSO\VXFKIXQFWLRQRUWDEOHWKHIDFLOLW\VWLOORSHUDWHVDQGSHUIRUPV
ZKDWHYHUSDUWRILWVSXUSRVHUHPDLQVPHDQLQJIXO
)RUH[DPSOHDIXQFWLRQLQDOLEUDU\WRFRPSXWHVTXDUHURRWVKDVDSXUSRVHWKDWLVHQWLUHO\ZHOOGHILQHGLQGHSHQGHQWRI
WKHDSSOLFDWLRQ7KHUHIRUH6XEVHFWLRQGUHTXLUHVWKDWDQ\DSSOLFDWLRQVXSSOLHGIXQFWLRQRUWDEOHXVHGE\WKLVIXQFWLRQ
PXVWEHRSWLRQDOLIWKHDSSOLFDWLRQGRHVQRWVXSSO\LWWKHVTXDUHURRWIXQFWLRQPXVWVWLOOFRPSXWHVTXDUHURRWV
7KHVHUHTXLUHPHQWVDSSO\WRWKHPRGLILHGZRUNDVDZKROH,ILGHQWLILDEOHVHFWLRQVRIWKDWZRUNDUHQRWGHULYHGIURPWKH
/LEUDU\DQGFDQEHUHDVRQDEO\FRQVLGHUHGLQGHSHQGHQWDQGVHSDUDWHZRUNVLQWKHPVHOYHVWKHQWKLV/LFHQVHDQGLWVWHUPV
GRQRWDSSO\WRWKRVHVHFWLRQVZKHQ\RXGLVWULEXWHWKHPDVVHSDUDWHZRUNV%XWZKHQ\RXGLVWULEXWHWKHVDPHVHFWLRQVDVSDUW
RIDZKROHZKLFKLVDZRUNEDVHGRQWKH/LEUDU\WKHGLVWULEXWLRQRIWKHZKROHPXVWEHRQWKHWHUPVRIWKLV/LFHQVHZKRVH
SHUPLVVLRQVIRURWKHUOLFHQVHHVH[WHQGWRWKHHQWLUHZKROHDQGWKXVWRHDFKDQGHYHU\SDUWUHJDUGOHVVRIZKRZURWHLW
7KXVLWLVQRWWKHLQWHQWRIWKLVVHFWLRQWRFODLPULJKWVRUFRQWHVW\RXUULJKWVWRZRUNZULWWHQHQWLUHO\E\\RXUDWKHUWKHLQWHQWLV
WRH[HUFLVHWKHULJKWWRFRQWUROWKHGLVWULEXWLRQRIGHULYDWLYHRUFROOHFWLYHZRUNVEDVHGRQWKH/LEUDU\
,QDGGLWLRQPHUHDJJUHJDWLRQRIDQRWKHUZRUNQRWEDVHGRQWKH/LEUDU\ZLWKWKH/LEUDU\RUZLWKDZRUNEDVHGRQWKH/LEUDU\
RQDYROXPHRIDVWRUDJHRUGLVWULEXWLRQPHGLXPGRHVQRWEULQJWKHRWKHUZRUNXQGHUWKHVFRSHRIWKLV/LFHQVH
<RXPD\RSWWRDSSO\WKHWHUPVRIWKHRUGLQDU\*18*HQHUDO3XEOLF/LFHQVHLQVWHDGRIWKLV/LFHQVHWRDJLYHQFRS\RIWKH
/LEUDU\7RGRWKLV\RXPXVWDOWHUDOOWKHQRWLFHVWKDWUHIHUWRWKLV/LFHQVHVRWKDWWKH\UHIHUWRWKHRUGLQDU\*18*HQHUDO
3XEOLF/LFHQVHYHUVLRQLQVWHDGRIWRWKLV/LFHQVH,IDQHZHUYHUVLRQWKDQYHUVLRQRIWKHRUGLQDU\*18*HQHUDO
3XEOLF/LFHQVHKDVDSSHDUHGWKHQ\RXFDQVSHFLI\WKDWYHUVLRQLQVWHDGLI\RXZLVK
'RQRWPDNHDQ\RWKHUFKDQJHLQWKHVHQRWLFHV
2QFHWKLVFKDQJHLVPDGHLQDJLYHQFRS\LWLVLUUHYHUVLEOHIRUWKDWFRS\VRWKHRUGLQDU\*18*HQHUDO3XEOLF/LFHQVHDSSOLHV
WRDOOVXEVHTXHQWFRSLHVDQGGHULYDWLYHZRUNVPDGHIURPWKDWFRS\
7KLVRSWLRQLVXVHIXOZKHQ\RXZLVKWRFRS\SDUWRIWKHFRGHRIWKH/LEUDU\LQWRDSURJUDPWKDWLVQRWDOLEUDU\
<RXPD\FRS\DQGGLVWULEXWHWKH/LEUDU\RUDSRUWLRQRUGHULYDWLYHRILWXQGHU6HFWLRQLQREMHFWFRGHRUH[HFXWDEOHIRUP
XQGHUWKHWHUPVRI6HFWLRQVDQGDERYHSURYLGHGWKDW\RXDFFRPSDQ\LWZLWKWKHFRPSOHWHFRUUHVSRQGLQJPDFKLQH
UHDGDEOHVRXUFHFRGHZKLFKPXVWEHGLVWULEXWHGXQGHUWKHWHUPVRI6HFWLRQVDQGDERYHRQDPHGLXPFXVWRPDULO\
XVHGIRUVRIWZDUHLQWHUFKDQJH
,IGLVWULEXWLRQRIREMHFWFRGHLVPDGHE\RIIHULQJDFFHVVWRFRS\IURPDGHVLJQDWHGSODFHWKHQRIIHULQJHTXLYDOHQWDFFHVV
WRFRS\WKHVRXUFHFRGHIURPWKHVDPHSODFHVDWLVILHVWKHUHTXLUHPHQWWRGLVWULEXWHWKHVRXUFHFRGHHYHQWKRXJKWKLUG
SDUWLHVDUHQRWFRPSHOOHGWRFRS\WKHVRXUFHDORQJZLWKWKHREMHFWFRGH
$SURJUDPWKDWFRQWDLQVQRGHULYDWLYHRIDQ\SRUWLRQRIWKH/LEUDU\EXWLVGHVLJQHGWRZRUNZLWKWKH/LEUDU\E\EHLQJ
FRPSLOHGRUOLQNHGZLWKLWLVFDOOHGDZRUNWKDWXVHVWKH/LEUDU\6XFKDZRUNLQLVRODWLRQLVQRWDGHULYDWLYHZRUNRIWKH
/LEUDU\DQGWKHUHIRUHIDOOVRXWVLGHWKHVFRSHRIWKLV/LFHQVH
+RZHYHUOLQNLQJDZRUNWKDWXVHVWKH/LEUDU\ZLWKWKH/LEUDU\FUHDWHVDQH[HFXWDEOHWKDWLVDGHULYDWLYHRIWKH/LEUDU\EHFDXVH
LWFRQWDLQVSRUWLRQVRIWKH/LEUDU\UDWKHUWKDQDZRUNWKDWXVHVWKHOLEUDU\7KHH[HFXWDEOHLVWKHUHIRUHFRYHUHGE\WKLV/LFHQVH
6HFWLRQVWDWHVWHUPVIRUGLVWULEXWLRQRIVXFKH[HFXWDEOHV
:KHQDZRUNWKDWXVHVWKH/LEUDU\XVHVPDWHULDOIURPDKHDGHUILOHWKDWLVSDUWRIWKH/LEUDU\WKHREMHFWFRGHIRUWKHZRUNPD\
EHDGHULYDWLYHZRUNRIWKH/LEUDU\HYHQWKRXJKWKHVRXUFHFRGHLVQRW:KHWKHUWKLVLVWUXHLVHVSHFLDOO\VLJQLILFDQWLIWKHZRUN
FDQEHOLQNHGZLWKRXWWKH/LEUDU\RULIWKHZRUNLVLWVHOIDOLEUDU\7KHWKUHVKROGIRUWKLVWREHWUXHLVQRWSUHFLVHO\GHILQHGE\ODZ
,IVXFKDQREMHFWILOHXVHVRQO\QXPHULFDOSDUDPHWHUVGDWDVWUXFWXUHOD\RXWVDQGDFFHVVRUVDQGVPDOOPDFURVDQGVPDOO
LQOLQHIXQFWLRQVWHQOLQHVRUOHVVLQOHQJWKWKHQWKHXVHRIWKHREMHFWILOHLVXQUHVWULFWHGUHJDUGOHVVRIZKHWKHULWLVOHJDOO\D
GHULYDWLYHZRUN([HFXWDEOHVFRQWDLQLQJWKLVREMHFWFRGHSOXVSRUWLRQVRIWKH/LEUDU\ZLOOVWLOOIDOOXQGHU6HFWLRQ
2WKHUZLVHLIWKHZRUNLVDGHULYDWLYHRIWKH/LEUDU\\RXPD\GLVWULEXWHWKHREMHFWFRGHIRUWKHZRUNXQGHUWKHWHUPVRI6HFWLRQ
$Q\H[HFXWDEOHVFRQWDLQLQJWKDWZRUNDOVRIDOOXQGHU6HFWLRQZKHWKHURUQRWWKH\DUHOLQNHGGLUHFWO\ZLWKWKH/LEUDU\LWVHOI
$VDQH[FHSWLRQWRWKH6HFWLRQVDERYH\RXPD\DOVRFRPELQHRUOLQNDZRUNWKDWXVHVWKH/LEUDU\ZLWKWKH/LEUDU\WR
SURGXFHDZRUNFRQWDLQLQJSRUWLRQVRIWKH/LEUDU\DQGGLVWULEXWHWKDWZRUNXQGHUWHUPVRI\RXUFKRLFHSURYLGHGWKDWWKH
WHUPVSHUPLWPRGLILFDWLRQRIWKHZRUNIRUWKHFXVWRPHUVRZQXVHDQGUHYHUVHHQJLQHHULQJIRUGHEXJJLQJVXFKPRGLILFDWLRQV
<RXPXVWJLYHSURPLQHQWQRWLFHZLWKHDFKFRS\RIWKHZRUNWKDWWKH/LEUDU\LVXVHGLQLWDQGWKDWWKH/LEUDU\DQGLWVXVHDUH
FRYHUHGE\WKLV/LFHQVH<RXPXVWVXSSO\DFRS\RIWKLV/LFHQVH,IWKHZRUNGXULQJH[HFXWLRQGLVSOD\VFRS\ULJKWQRWLFHV\RX
PXVWLQFOXGHWKHFRS\ULJKWQRWLFHIRUWKH/LEUDU\DPRQJWKHPDVZHOODVDUHIHUHQFHGLUHFWLQJWKHXVHUWRWKHFRS\RIWKLV
/LFHQVH$OVR\RXPXVWGRRQHRIWKHVHWKLQJV
D$FFRPSDQ\WKHZRUNZLWKWKHFRPSOHWHFRUUHVSRQGLQJPDFKLQHUHDGDEOHVRXUFHFRGHIRUWKH/LEUDU\LQFOXGLQJ
ZKDWHYHUFKDQJHVZHUHXVHGLQWKHZRUNZKLFKPXVWEHGLVWULEXWHGXQGHU6HFWLRQVDQGDERYHDQGLIWKHZRUNLV
DQH[HFXWDEOHOLQNHGZLWKWKH/LEUDU\ZLWKWKHFRPSOHWHPDFKLQHUHDGDEOHZRUNWKDWXVHVWKH/LEUDU\DVREMHFWFRGH
DQGRUVRXUFHFRGHVRWKDWWKHXVHUFDQPRGLI\WKH/LEUDU\DQGWKHQUHOLQNWRSURGXFHDPRGLILHGH[HFXWDEOH
FRQWDLQLQJWKHPRGLILHG/LEUDU\,WLVXQGHUVWRRGWKDWWKHXVHUZKRFKDQJHVWKHFRQWHQWVRIGHILQLWLRQVILOHVLQWKH
/LEUDU\ZLOOQRWQHFHVVDULO\EHDEOHWRUHFRPSLOHWKHDSSOLFDWLRQWRXVHWKHPRGLILHGGHILQLWLRQV
E8VHDVXLWDEOHVKDUHGOLEUDU\PHFKDQLVPIRUOLQNLQJZLWKWKH/LEUDU\$VXLWDEOHPHFKDQLVPLVRQHWKDWXVHVDWUXQ
WLPHDFRS\RIWKHOLEUDU\DOUHDG\SUHVHQWRQWKHXVHUVFRPSXWHUV\VWHPUDWKHUWKDQFRS\LQJOLEUDU\IXQFWLRQVLQWRWKH
H[HFXWDEOHDQGZLOORSHUDWHSURSHUO\ZLWKDPRGLILHGYHUVLRQRIWKHOLEUDU\LIWKHXVHULQVWDOOVRQHDVORQJDVWKH
PRGLILHGYHUVLRQLVLQWHUIDFHFRPSDWLEOHZLWKWKHYHUVLRQWKDWWKHZRUNZDVPDGHZLWK
F$FFRPSDQ\WKHZRUNZLWKDZULWWHQRIIHUYDOLGIRUDWOHDVWWKUHH\HDUVWRJLYHWKHVDPHXVHUWKHPDWHULDOVVSHFLILHGLQ
6XEVHFWLRQDDERYHIRUDFKDUJHQRPRUHWKDQWKHFRVWRISHUIRUPLQJWKLVGLVWULEXWLRQ
G,IGLVWULEXWLRQRIWKHZRUNLVPDGHE\RIIHULQJDFFHVVWRFRS\IURPDGHVLJQDWHGSODFHRIIHUHTXLYDOHQWDFFHVVWRFRS\
WKHDERYHVSHFLILHGPDWHULDOVIURPWKHVDPHSODFH
H9HULI\WKDWWKHXVHUKDVDOUHDG\UHFHLYHGDFRS\RIWKHVHPDWHULDOVRUWKDW\RXKDYHDOUHDG\VHQWWKLVXVHUDFRS\
)RUDQH[HFXWDEOHWKHUHTXLUHGIRUPRIWKHZRUNWKDWXVHVWKH/LEUDU\PXVWLQFOXGHDQ\GDWDDQGXWLOLW\SURJUDPVQHHGHGIRU
UHSURGXFLQJWKHH[HFXWDEORZHYHUDVDVSHFLDOH[FHSWLRQWKHPDWHULDOVWREHGLVWULEXWHGQHHGQRWLQFOXGHDQ\WKLQJ
WKDWLVQRUPDOO\GLVWULEXWHGLQHLWKHUVRXUFHRUELQDU\IRUPZLWKWKHPDMRUFRPSRQHQWVFRPSLOHUNHUQHODQGVRRQRIWKH
RSHUDWLQJV\VWHPRQZKLFKWKHH[HFXWDEOHUXQVXQOHVVWKDWFRPSRQHQWLWVHOIDFFRPSDQLHVWKHH[HFXWDEOH
,WPD\KDSSHQWKDWWKLVUHTXLUHPHQWFRQWUDGLFWVWKHOLFHQVHUHVWULFWLRQVRIRWKHUSURSULHWDU\OLEUDULHVWKDWGRQRWQRUPDOO\
DFFRPSDQ\WKHRSHUDWLQJV\VWHP6XFKDFRQWUDGLFWLRQPHDQV\RXFDQQRWXVHERWKWKHPDQGWKH/LEUDU\WRJHWKHULQDQ
H[HFXWDEOHWKDW\RXGLVWULEXWH
<RXPD\SODFHOLEUDU\IDFLOLWLHVWKDWDUHDZRUNEDVHGRQWKH/LEUDU\VLGHE\VLGHLQDVLQJOHOLEUDU\WRJHWKHUZLWKRWKHUOLEUDU\
IDFLOLWLHVQRWFRYHUHGE\WKLV/LFHQVHDQGGLVWULEXWHVXFKDFRPELQHGOLEUDU\SURYLGHGWKDWWKHVHSDUDWHGLVWULEXWLRQRIWKH
ZRUNEDVHGRQWKH/LEUDU\DQGRIWKHRWKHUOLEUDU\IDFLOLWLHVLVRWKHUZLVHSHUPLWWHGDQGSURYLGHGWKDW\RXGRWKHVHWZRWKLQJV
D$FFRPSDQ\WKHFRPELQHGOLEUDU\ZLWKDFRS\RIWKHVDPHZRUNEDVHGRQWKH/LEUDU\XQFRPELQHGZLWKDQ\RWKHUOLEUDU\
IDFLOLWLHV7KLVPXVWEHGLVWULEXWHGXQGHUWKHWHUPVRIWKH6HFWLRQVDERYH
E*LYHSURPLQHQWQRWLFHZLWKWKHFRPELQHGOLEUDU\RIWKHIDFWWKDWSDUWRILWLVDZRUNEDVHGRQWKH/LEUDU\DQGH[SODLQLQJ
ZKHUHWRILQGWKHDFFRPSDQ\LQJXQFRPELQHGIRUPRIWKHVDPHZRUN
<RXPD\QRWFRS\PRGLI\VXEOLFHQVHOLQNZLWKRUGLVWULEXWHWKH/LEUDU\H[FHSWDVH[SUHVVO\SURYLGHGXQGHUWKLV/LFHQVH
$Q\DWWHPSWRWKHUZLVHWRFRS\PRGLI\VXEOLFHQVHOLQNZLWKRUGLVWULEXWHWKH/LEUDU\LVYRLGDQGZLOODXWRPDWLFDOO\
WHUPLQDWH\RXUULJKWVXQGHUWKLV/RZHYHUSDUWLHVZKRKDYHUHFHLYHGFRSLHVRUULJKWVIURP\RXXQGHUWKLV
/LFHQVHZLOOQRWKDYHWKHLUOLFHQVHVWHUPLQDWHGVRORQJDVVXFKSDUWLHVUHPDLQLQIXOOFRPSOLDQFH
<RXDUHQRWUHTXLUHGWRDFFHSWWKLV/LFHQVHVLQFH\RXKDYHQRWVRZHYHUQRWKLQJHOVHJUDQWV\RXSHUPLVVLRQWR
PRGLI\RUGLVWULEXWHWKH/LEUDU\RULWVGHULYDWLYHZRUNV7KHVHDFWLRQVDUHSURKLELWHGE\ODZLI\RXGRQRWDFFHSWWKLV
/LFHQVH7KHUHIRUHE\PRGLI\LQJRUGLVWULEXWLQJWKH/LEUDU\RUDQ\ZRUNEDVHGRQWKH/LEUDU\\RXLQGLFDWH\RXU
DFFHSWDQFHRIWKLV/LFHQVHWRGRVRDQGDOOLWVWHUPVDQGFRQGLWLRQVIRUFRS\LQJGLVWULEXWLQJRUPRGLI\LQJWKH/LEUDU\RU
ZRUNVEDVHGRQLW
(DFKWLPH\RXUHGLVWULEXWHWKH/LEUDU\RUDQ\ZRUNEDVHGRQWKH/LEUDU\WKHUHFLSLHQWDXWRPDWLFDOO\UHFHLYHVDOLFHQVH
IURPWKHRULJLQDOOLFHQVRUWRFRS\GLVWULEXWHOLQNZLWKRUPRGLI\WKH/LEUDU\VXEMHFWWRWKHVHWHUPVDQGFRQGLWLRQV<RXPD\
QRWLPSRVHDQ\IXUWKHUUHVWULFWLRQVRQWKHUHFLSLHQWVH[HUFLVHRIWKHULJKWVJUDQWHGKHUHLQ
<RXDUHQRWUHVSRQVLEOHIRUHQIRUFLQJFRPSOLDQFHE\WKLUGSDUWLHVZLWKWKLV/LFHQVH
,IDVDFRQVHTXHQFHRIDFRXUWMXGJPHQWRUDOOHJDWLRQRISDWHQWLQIULQJHPHQWRUIRUDQ\RWKHUUHDVRQQRWOLPLWHGWRSDWHQW
LVVXHVFRQGLWLRQVDUHLPSRVHGRQ\RXZKHWKHUE\FRXUWRUGHUDJUHHPHQWRURWKHUZLVHWKDWFRQWUDGLFWWKHFRQGLWLRQVRI
WKLV/LFHQVHWKH\GRQRWH[FXVH\RXIURPWKHFRQGLWLRQVRIWKLV/LFHQVH,I\RXFDQQRWGLVWULEXWHVRDVWRVDWLVI\
VLPXOWDQHRXVO\\RXUREOLJDWLRQVXQGHUWKLV/LFHQVHDQGDQ\RWKHUSHUWLQHQWREOLJDWLRQVWKHQDVDFRQVHTXHQFH\RXPD\
QRWGLVWULEXWHWKH/LEUDU\DWDOO)RUH[DPSOHLIDSDWHQWOLFHQVHZRXOGQRWSHUPLWUR\DOW\IUHHUHGLVWULEXWLRQRIWKH/LEUDU\E\
DOOWKRVHZKRUHFHLYHFRSLHVGLUHFWO\RULQGLUHFWO\WKURXJK\RXWKHQWKHRQO\ZD\\RXFRXOGVDWLVI\ERWKLWDQGWKLV/LFHQVH
ZRXOGEHWRUHIUDLQHQWLUHO\IURPGLVWULEXWLRQRIWKH/LEUDU\
,IDQ\SRUWLRQRIWKLVVHFWLRQLVKHOGLQYDOLGRUXQHQIRUFHDEOHXQGHUDQ\SDUWLFXODUFLUFXPVWDQFHWKHEDODQFHRIWKHVHFWLRQLV
LQWHQGHGWRDSSO\DQGWKHVHFWLRQDVDZKROHLVLQWHQGHGWRDSSO\LQRWKHUFLUFXPVWDQFHV
,WLVQRWWKHSXUSRVHRIWKLVVHFWLRQWRLQGXFH\RXWRLQIULQJHDQ\SDWHQWVRURWKHUSURSHUW\ULJKWFODLPVRUWRFRQWHVWYDOLGLW\RI
DQ\VXFKFODLPVWKLVVHFWLRQKDVWKHVROHSXUSRVHRISURWHFWLQJWKHLQWHJULW\RIWKHIUHHVRIWZDUHGLVWULEXWLRQV\VWHPZKLFKLV
LPSOHPHQWHGE\SXEOLFOLFHQVHSUDFWLFHV0DQ\SHRSOHKDYHPDGHJHQHURXVFRQWULEXWLRQVWRWKHZLGHUDQJHRIVRIWZDUH
GLVWULEXWHGWKURXJKWKDWV\VWHPLQUHOLDQFHRQFRQVLVWHQWDSSOLFDWLRQRIWKDWV\VWHPLWLVXSWRWKHDXWKRUGRQRUWRGHFLGHLIKH
RUVKHLVZLOOLQJWRGLVWULEXWHVRIWZDUHWKURXJKDQ\RWKHUV\VWHPDQGDOLFHQVHHFDQQRWLPSRVHWKDWFKRLFH
7KLVVHFWLRQLVLQWHQGHGWRPDNHWKRURXJKO\FOHDUZKDWLVEHOLHYHGWREHDFRQVHTXHQFHRIWKHUHVWRIWKLV/LFHQVH
,IWKHGLVWULEXWLRQDQGRUXVHRIWKH/LEUDU\LVUHVWULFWHGLQFHUWDLQFRXQWULHVHLWKHUE\SDWHQWVRUE\FRS\ULJKWHGLQWHUIDFHV
WKHRULJLQDOFRS\ULJKWKROGHUZKRSODFHVWKH/LEUDU\XQGHUWKLV/LFHQVHPD\DGGDQH[SOLFLWJHRJUDSKLFDOGLVWULEXWLRQ
OLPLWDWLRQH[FOXGLQJWKRVHFRXQWULHVVRWKDWGLVWULEXWLRQLVSHUPLWWHGRQO\LQRUDPRQJFRXQWULHVQRWWKXVH[FOXGHG,QVXFK
FDVHWKLV/LFHQVHLQFRUSRUDWHVWKHOLPLWDWLRQDVLIZULWWHQLQWKHERG\RIWKLV/LFHQVH
7KH)UHH6RIWZDUH)RXQGDWLRQPD\SXEOLVKUHYLVHGDQGRUQHZYHUVLRQVRIWKH/HVVHU*HQHUDO3XEOLF/LFHQVHIURPWLPH
WRWLPH6XFKQHZYHUVLRQVZLOOEHVLPLODULQVSLULWWRWKHSUHVHQWYHUVLRQEXWPD\GLIIHULQGHWDLOWRDGGUHVVQHZSUREOHPV
RUFRQFHUQV
(DFKYHUVLRQLVJLYHQDGLVWLQJXLVKLQJYHUVLRQQXPEHU,IWKH/LEUDU\VSHFLILHVDYHUVLRQQXPEHURIWKLV/LFHQVHZKLFKDSSOLHV
WRLWDQGDQ\ODWHUYHUVLRQ\RXKDYHWKHRSWLRQRIIROORZLQJWKHWHUPVDQGFRQGLWLRQVHLWKHURIWKDWYHUVLRQRURIDQ\ODWHU
YHUVLRQSXEOLVKHGE\WKH)UHH6RIWZDUH)RXQGDWLRQ,IWKH/LEUDU\GRHVQRWVSHFLI\DOLFHQVHYHUVLRQQXPEHU\RXPD\FKRRVH
DQ\YHUVLRQHYHUSXEOLVKHGE\WKH)UHH6RIWZDUH)RXQGDWLRQ
,I\RXZLVKWRLQFRUSRUDWHSDUWVRIWKH/LEUDU\LQWRRWKHUIUHHSURJUDPVZKRVHGLVWULEXWLRQFRQGLWLRQVDUHLQFRPSDWLEOHZLWK
WKHVHZULWHWRWKHDXWKRUWRDVNIRUSHUPLVVLRQ)RUVRIWZDUHZKLFKLVFRS\ULJKWHGE\WKH)UHH6RIWZDUH)RXQGDWLRQZULWHWR
WKH)UHH6RIWZDUH)RXQGDWLRQZHVRPHWLPHVPDNHH[FHSWLRQVIRUWKLV2XUGHFLVLRQZLOOEHJXLGHGE\WKHWZRJRDOVRI
SUHVHUYLQJWKHIUHHVWDWXVRIDOOGHULYDWLYHVRIRXUIUHHVRIWZDUHDQGRISURPRWLQJWKHVKDULQJDQGUHXVHRIVRIWZDUHJHQHUDOO\
12:$55$17<
%(&$86(7+(/,%5$5<,6/,&(16(')5((2)&+$5*(7+(5(,612:$55$17<)257+(/,%5$5<727+(
(;7(173(50,77('%<$33/,&$%/(/$:(;&(37:+(127+(5:,6(67$7(',1:5,7,1*7+(&23<5,*+7
+2/'(56$1'2527+(53$57,(63529,'(7+(/,%5$5<$6,6:,7+287:$55$17<2)$1<.,1'
(,7+(5(;35(66('25,03/,(',1&/8',1*%87127/,0,7('727+(,03/,(':$55$17,(62)
0(5&+$17$%,/,7<$1'),71(66)25$3$57,&8/$5385326(7+((17,5(5,6.$6727+(48$/,7<$1'
3(5)250$1&(2)7+(/,%5$5<,6:,7+<286+28/'7+(/,%5$5<3529('()(&7,9(<28$6680(7+(
&2672)$//1(&(66$5<6(59,&,1*5(3$,525&255(&7,21
,112(9(1781/(665(48,5('%<$33/,&$%/(/$:25$*5(('72,1:5,7,1*:,//$1<&23<5,*+7
+2/'(525$1<27+(53$57<:+20$<02',)<$1'255(',675,%87(7+(/,%5$5<$63(50,77('
$%29(%(/,$%/(72<28)25'$0$*(6,1&/8',1*$1<*(1(5$/63(&,$/,1&,'(17$/25
&216(48(17,$/'$0$*(6$5,6,1*2872)7+(86(25,1$%,/,7<7286(7+(/,%5$5<,1&/8',1*%87
127/,0,7('72/2662)'$7$25'$7$%(,1*5(1'(5(',1$&&85$7(25/266(66867$,1('%<<2825
7+,5'3$57,(625$)$,/85(2)7+(/,%5$5<7223(5$7(:,7+$1<27+(562)7:$5((9(1,)68&+
+2/'(52527+(53$57<+$6%((1$'9,6('2)7+(3266,%,/,7<2)68&+'$0$*(6
(1'2)7(506$1'&21',7,216
+RZWR$SSO\7KHVH7HUPVWR<RXU1HZ/LEUDULHV
,I\RXGHYHORSDQHZOLEUDU\DQG\RXZDQWLWWREHRIWKHJUHDWHVWSRVVLEOHXVHWRWKHSXEOLFZHUHFRPPHQGPDNLQJLWIUHH
VRIWZDUHWKDWHYHU\RQHFDQUHGLVWULEXWHDQGFKDQJH<RXFDQGRVRE\SHUPLWWLQJUHGLVWULEXWLRQXQGHUWKHVHWHUPVRU
DOWHUQDWLYHO\XQGHUWKHWHUPVRIWKHRUGLQDU\*HQHUDO3XEOLF/LFHQVH
7RDSSO\WKHVHWHUPVDWWDFKWKHIROORZLQJQRWLFHVWRWKHOLEUDU\,WLVVDIHVWWRDWWDFKWKHPWRWKHVWDUWRIHDFKVRXUFHILOHWR
PRVWHIIHFWLYHO\FRQYH\WKHH[FOXVLRQRIZDUUDQW\DQGHDFKILOHVKRXOGKDYHDWOHDVWWKHFRS\ULJKWOLQHDQGDSRLQWHUWR
ZKHUHWKHIXOOQRWLFHLVIRXQG
RQHOLQHWRJLYHWKHOLEUDU\VQDPHDQGDQLGHDRIZKDWLWGRHV!
Summary of Contents for TX-8160
Page 51: ...It De...