Terzismo LF H632K/1 User manual

  • Hello! I am an AI chatbot trained to assist you with the Terzismo LF H632K/1 User manual. I’ve already reviewed the document and can help you find the information you need or explain it in simple terms. Just ask your questions, and providing more details will help me assist you more effectively!
+2%6
86(5 ,16758&7,216
*%
ꩡ끞
꫙ꐺ꫑
.2

&217(17
*%
6$)(7<,16758&7,216
*HQHUDOZDUQLQJV
3URWHFWLRQRIWKHHQYLURQPHQW
,QVWDOODWLRQ
(OHFWULFDOFRQQHFWLRQ
+REFRRNZDUHDGYLFH
8VH
&OHDQLQJDQGPDLQWHQDQFH
3UREOHPVROYLQJ
$IWHUFDUH










ꑞ뗝
.2
㙼㤸G㫴㾜
㢰ⵌGᷱḔ
䞌ᷱG⸨䝬
㉘㾌
㤸ὤG㜤ᷤ
䝽G㦤⫠GὤẠ㜄G␴䚐G㦤㛬
㇠㟝
 㷡㋀GⵃG㡔㫴⸨㍌
ⱬ㥐G䚨ᷤ
䚨ᷤ










:H UHFRPPHQG \RX NHHS WKH LQVWUXFWLRQV IRU
LQVWDOODWLRQDQGXVHIRUODWHUUHIHUHQFHDQGEHIRUH
LQVWDOOLQJWKHKREQRWHLWVVHULDOQXPEHULQFDVH
\RXQHHGWRJHWKHOSIURPWKHDIWHUVDOHVVHUYLFH
:$51,1*WKHDSSOLDQFHDQGLWVDFFHVVLEOHSDUWV
EHFRPHKRWGXULQJXVH&DUHVKRXOGEHWDNHQWR
DYRLGWRXFKLQJKHDWLQJHOHPHQWV&KLOGUHQXQGHU
 \HDUV RI DJH PXVW EH NHSW DZD\ IURP WKH
DSSOLDQFH XQOHVV WKH\ DUH FRQWLQXRXVO\
VXSHUYLVHG
:$51,1*XVHRQO\KREJXDUGVGHVLJQHGE\WKH
0DQXIDFWXUHU RI WKH FRRNLQJ DSSOLDQFH RU
LQGLFDWHGE\WKH0DQXIDFWXUHURIWKHDSSOLDQFHLQ
WKHLQVWUXFWLRQVIRUXVHDVVXLWDEOHRUKREJXDUGV
LQFRUSRUDWHG LQ WKH DSSOLDQFH 7KH XVH RI
LQDSSURSULDWHJXDUGVFDQFDXVHDFFLGHQWV
:$51,1*XQDWWHQGHGFRRNLQJRQDKREZLWKIDW
RU RLO FDQ EH GDQJHURXV DQG PD\ UHVXOW LQ ILUH
1(9(5 WU\ WR H[WLQJXLVK D ILUH ZLWK ZDWHU EXW
VZLWFKRIIWKHDSSOLDQFHDQGWKHQFRYHUIODPHHJ
ZLWKDOLGRUDILUHEODQNHW
:$51,1*GDQJHURIILUHGRQRWVWRUHLWHPVRQ
WKHFRRNLQJVXUIDFHV
:$51,1*LIWKHVXUIDFHLVFUDFNHGGRQRWWRXFK
WKHJODVVDQGVZLWFKRIIWKHDSSOLDQFHWRDYRLGWKH
SRVVLELOLW\RIHOHFWULFVKRFN
7KLVDSSOLDQFHFDQEHXVHGE\FKLOGUHQDJHGIURP
 \HDUV DQG DERYH DQG SHRSOH ZLWK UHGXFHG
SK\VLFDOVHQVRU\RUPHQWDOFDSDELOLWLHVRUODFNRI
H[SHULHQFH DQG NQRZOHGJH LI WKH\ KDYH EHHQ
JLYHQVXSHUYLVLRQRULQVWUXFWLRQFRQFHUQLQJXVHRI
WKHDSSOLDQFHLQDVDIHZD\DQGXQGHUVWDQGWKH
KD]DUGVLQYROYHG&KLOGUHQVKRXOGEHVXSHUYLVHG
WRHQVXUHWKDWWKH\GRQRWSOD\ZLWKWKHDSSOLDQFH
&OHDQLQJ DQG XVHU PDLQWHQDQFH VKDOO QRW EH
PDGHE\FKLOGUHQZLWKRXWVXSHUYLVLRQ
&$87,21 WKH FRRNLQJ SURFHVV PXVW EH
VXSHUYLVHG$VKRUWWHUPFRRNLQJSURFHVVKDVWR
EHVXSHUYLVHGFRQWLQXRXVO\
,WLVVWURQJO\UHFRPPHQGHGWRNHHSFKLOGUHQDZD\
IURPWKHFRRNLQJ]RQHVZKLOHWKH\DUHLQRSHUDWLRQ
RU ZKHQ WKH\ DUH VZLWFKHG RII VR ORQJ DV WKH
UHVLGXDOKHDWLQGLFDWRULVRQLQRUGHUWRSUHYHQW
WKHULVNVRIVHULRXVEXUQV
7KLVDSSOLDQFHLVQRWLQWHQGHGWREHRSHUDWHGE\
PHDQV RIDQH[WHUQDO WLPHU RU VHSDUDWH UHPRWH
FRQWUROV\VWHP
,ISUHVHQWGRQRWWRVWDUHLQWRKDORJHQODPSKRE
HOHPHQWV
&RQQHFWDSOXJWRWKHVXSSO\FDEOHWKDWLVDEOHWR
EHDUWKHYROWDJHFXUUHQWDQGORDGLQGLFDWHGRQWKH
WDJDQGKDYLQJWKHHDUWKFRQWDFW7KHVRFNHWPXVW
EHVXLWDEOHIRUWKHORDGLQGLFDWHGRQWKHWDJDQG
PXVWEHKDYLQJWKHHDUWKFRQWDFWFRQQHFWHGDQG
LQRSHUDWLRQ7KHHDUWKFRQGXFWRULV\HOORZJUHHQ
LQFRORU7KLVRSHUDWLRQVKRXOGEHFDUULHGRXWE\D
6$)(7<,16758&7,216
VXLWDEO\ TXDOLILHG SURIHVVLRQDO ,Q FDVH RI
LQFRPSDWLELOLW\ EHWZHHQ WKH VRFNHW DQG WKH
DSSOLDQFH SOXJ DVN D TXDOLILHG HOHFWULFLDQ WR
VXEVWLWXWHWKHVRFNHWZLWKDQRWKHUVXLWDEOHW\SH
7KHSOXJDQGWKHVRFNHWPXVWEHFRQIRUPHGWRWKH
FXUUHQW QRUPV RI WKH LQVWDOODWLRQ FRXQWU\
&RQQHFWLRQWRWKHSRZHUVRXUFHFDQDOVREHPDGH
E\ SODFLQJ DQ RPQLSRODU EUHDNHU EHWZHHQ WKH
DSSOLDQFHDQGWKHSRZHUVRXUFHWKDWFDQEHDUWKH
PD[LPXPFRQQHFWHGORDGDQGWKDWLVLQOLQHZLWK
FXUUHQWOHJLVODWLRQ
7KH \HOORZJUHHQ HDUWK FDEOH VKRXOG QRW EH
LQWHUUXSWHG E\ WKH EUHDNHU 7KH VRFNHW RU
RPQLSRODUEUHDNHUXVHGIRUWKHFRQQHFWLRQVKRXOG
EH HDVLO\ DFFHVVLEOH ZKHQ WKH DSSOLDQFH LV
LQVWDOOHG
7KHGLVFRQQHFWLRQPD\EHDFKLHYHGE\KDYLQJWKH
SOXJDFFHVVLEOHRUE\LQFRUSRUDWLQJDVZLWFKLQWKH
IL[HGZLULQJLQDFFRUGDQFHZLWKWKHZLULQJUXOHV
,IWKHVXSSO\FRUGLVGDPDJHGLWPXVWEHUHSODFHG
E\ 0DQXIDFWXUHU LWV VHUYLFH DJHQW RU VLPLODUO\
TXDOLILHGSHRSOHLQRUGHUWRDYRLGDKD]DUG7KH
HDUWK FRQGXFWRU \HOORZJUHHQ PXVW EH ORQJHU
WKDQ  PP RQ WKH WHUPLQDO EORFN VLGH 7KH
LQWHUQDOFRQGXFWRUVVHFWLRQVKRXOGEHDSSURSULDWH
WRWKHSRZHUDEVRUEHGE\WKHKRELQGLFDWHGRQ
WKH WDJ 7KH W\SH RI SRZHU FDEOH PXVW EH
+299)
'RQRWSXWPHWDOOLFREMHFWVVXFKDVNQLYHVIRUNV
VSRRQVRUOLGVRQWKHKRE7KH\FRXOGKHDWXS
$OXPLQXPIRLODQGSODVWLFSDQVPXVWQRWEHSODFHG
RQKHDWLQJ]RQHV
$IWHU HYHU\ XVH VRPH FOHDQLQJ RI WKH KRE LV
QHFHVVDU\ WR SUHYHQW WKH EXLOGXS RI GLUW DQG
JUHDVH,IOHIWWKLVLVUHFRRNHGZKHQWKHKRELV
XVHGDQGEXUQVJLYLQJRIIVPRNHDQGXQSOHDVDQW
VPHOOV QRW WR PHQWLRQ WKH ULVNV RI ILUH
SURSDJDWLRQ
1HYHUXVHDVWHDPRUKLJKSUHVVXUHVSUD\WRFOHDQ
WKHDSSOLDQFH
'RQRWWRXFKWKHKHDW]RQHVGXULQJRSHUDWLRQRU
IRUDZKLOHDIWHUXVH
1HYHU FRRN IRRG GLUHFWO\ RQ WKH JODVV FHUDPLF
KRE
$OZD\V XVH WKH DSSURSULDWH FRRNZDUH$OZD\V
SODFHWKHSDQLQWKHFHQWHURIWKHXQLWWKDW\RXDUH
FRRNLQJRQ
'RQRWSODFHDQ\WKLQJRQFRQWUROSDQHO
'RQRWXVHWKHKREDVDZRUNLQJVXUIDFH
'RQRWXVHWKHVXUIDFHDVDFXWWLQJERDUG
'RQRWVWRUHKHDY\LWHPVDERYHWKHKRE,IWKH\
GURSRQWRWKHKREWKH\PD\FDXVHGDPDJH
'RQRWXVHWKHKREIRUVWRUDJHRIDQ\LWHPV
'RQRWVOLGHFRRNZDUHDFURVVWKHKRE
*%
/HDYHDGLVWDQFHRIDWOHDVW
PP EHWZHHQ WKH KRE DQG WKH
EDFN ZDOO DQG RI DW OHDVW 
PP EHWZHHQ WKH KRE DQG WKH
YHUWLFDOIXUQLWXUHRUZDOOVLQWKH
ODWHUDO VLGH ,I D IXUQLWXUH LV
LQVWDOOHG DERYH WKH KRE WKH
PLQLPXP GLVWDQFH UHTXLUHG LV
PP
:KHQLQVWDOOLQJ DKRRG DERYH
WKH KRE SOHDVH FRQVXOW WKH
LQVWDOODWLRQ UHTXLUHPHQWV
VSHFLILHG IRU WKH KRRG EXW LQ
DQ\FDVHWKHGLVWDQFHEHWZHHQ
WKHKREDQGWKHKRRGPXVWQRW
EHORZHUWKDQPP

352'8&7&2'(7
,GHQWLILFDWLRQ3ODWHORFDWHGXQGHUWKHKREVERWWRPFDVLQJ
*(1(5$/:$51,1*6
%\ SODFLQJ WKH PDUN RQ WKLV DSSOLDQFH ZH DUH DVVXULQJ
FRPSOLDQFH WR DOO (XURSHDQ 6DIHW\ +HDOWK DQG (QYLURQPHQW
UHTXLUHPHQWVZKLFKDUHDSSOLFDEOHIRUWKLVSURGXFWFDWHJRU\
3527(&7,212)7+((19,5210(17
7KLVDSSOLDQFHLVPDUNHGDFFRUGLQJWR(XURSHDQ
'LUHFWLYH (8 RQ :DVWH (OHFWULFDO DQG
(OHFWURQLF(TXLSPHQW:(((
:((( FRQWDLQV ERWK SROOXWLQJ VXEVWDQFHV ZKLFK
FDQ FDXVH QHJDWLYH FRQVHTXHQFHV IRU WKH
HQYLURQPHQWDQGEDVLFFRPSRQHQWVZKLFKFDQEH
UHXVHG,WLVLPSRUWDQWWRKDYH:(((VXEMHFWHGWR
VSHFLILFWUHDWPHQWVLQRUGHUWRUHPRYHDQGGLVSRVH
SURSHUO\ DOO SROOXWDQWV DQG UHFRYHU DQG UHF\FOH DOO
PDWHULDOV
,QGLYLGXDOVFDQSOD\DQLPSRUWDQWUROHLQHQVXULQJWKDWWKH:(((
GRHVQRWEHFRPHDQHQYLURQPHQWDOLVVXHLWLVHVVHQWLDOWRIROORZ
VRPHEDVLFUXOHV
:(((VKDOOQRWEHWKUHDWHQHGDVKRXVHKROGZDVWH
 :((( VKDOO EH KDQGOHG RYHU WR WKH UHOHYDQW FROOHFWLRQ SRLQWV
PDQDJHGE\WKHPXQLFLSDOLW\RUE\UHJLVWHUHGFRPSDQLHV,QPDQ\
&RXQWULHVIRUODUJH:(((KRPHFROOHFWLRQFRXOGEHSUHVHQW
,QPDQ\&RXQWULHVZKHQ\RXEX\DQHZDSSOLDQFHWKHROGRQH
PD\EHUHWXUQHGWRWKHUHWDLOHUZKRKDVWRFROOHFWLWIUHHRIFKDUJHRQ
D RQHWRRQH EDVLV DV ORQJ DV WKH DSSOLDQFH LV RI HTXLYDOHQW
W\SRORJ\DQGKDVWKHVDPHIXQFWLRQVDVWKHVXSSOLHGRQH
,167$//$7,21
,QVWDOOLQJDGRPHVWLFDSSOLDQFHLWLVDFRPSOLFDWHGRSHUDWLRQZKLFKLI
QRWFDUULHGRXWFRUUHFWO\FDQVHULRXVO\KDYHLPSDFWRQVDIHW\RIJRRGV
SURSHUWLHVRUSHRSOH)RUWKLVUHDVRQ LW VKRXOG EH FDUULHGRXWE\D
SURIHVVLRQDOO\ TXDOLILHG SHUVRQ LQ DFFRUGDQFH ZLWK WHFKQLFDO
UHJXODWLRQV
,QWKHHYHQWWKDWWKLVDGYLFHLWLVLJQRUHGDQGLQVWDOODWLRQLVFDUULHGRXW
E\DQXQTXDOLILHGSHUVRQWKH0DQXIDFWXUHUGHFOLQHVDOOUHVSRQVLELOLW\
IRUDQ\WHFKQLFDOIDLOXUHRIWKHDSSOLDQFHZKHWKHURUQRWLWUHVXOWVLQ
GDPDJHRIJRRGVRUSURSHUWLHVRULQLQMXU\RISHRSOHRUDQLPDOV
$IWHUKDYLQJUHPRYHGWKHSDFNDJLQJSOHDVHEHVXUHWKDWWKHDSSOLDQFH
LWLVQRWGDPDJHGRWKHUZLVHFRQWDFWWKH5HWDLOHURU0DQXIDFWXUHU$IWHU
6DOHV6HUYLFH
0DNHVXUHWKDWWKHIXUQLWXUHLQZKLFKWKHDSSOLDQFHZLOOEHILWWHGDQGDOO
RWKHUIXUQLWXUHLQWKHQHDUE\DUHPDGHZLWKPDWHUL
OVZKLFKFDQZLWKVWDQGKLJKWHPSHUDWXUHVPLQ&
,QDGGLWLRQDOOGHFRUDWLYHODPLQDWHVVKRXOGEHIL[HGZLWKKLJKUHVLVWDQFH
JOXH
$SSOLDQFHFDQEHLQVWDOOHGLQD%XLOWLQIXUQLWXUHLQ³6WDQGDUG´RU³)OXVK´
PRGH
PP
PP
PP
PP


PP


0LQPP
6WDQGDUGLQVWDOODWLRQ
SHULPHWHU
1RWH,QQHUSHULPHWHUGLPHQVLRQVDUHVDPHZLWKVWDQGDUGLQVWDOODWLRQ
PPFPKRE


PP


PPFPKRE


6ORWGHSWKPP
)OXVKLQVWDOODWLRQ
SHULPHWHU
:RUNWRSWKLFNQHVVVKRXOGEHEHWZHHQDQGPP
,IWKHERWWRPSDUWRIWKHKRELVDGMDFHQWWRDQDUHDQRUPDOO\DFFHVVLEOH
IRUKDQGOLQJRUFOHDQLQJRSHUDWLRQVDVHSDUDWRULWPXVWEHSXWPP
EHORZWKHERWWRPSDUWRIWKHKRE
PLQPP
:KHQLQVWDOOLQJDQRYHQXQGHUWKHKREVHSDUDWRUPXVWQRWEHSXWDQG
WKHPLQLPXPGLVWDQFHEHWZHHQWKHERWWRPSDUWRIWKHKREDQGWKH
RYHQPXVWQRWEHORZHUWKDQPP'RQRWLQVWDOOQRWFRROHGRYHQ
XQGHU WKLV KRE DQG LQVWDOO WKH RYHQ IROORZLQJ LWV RZQ LQVWDOODWLRQ
UHTXLUHPHQWV

PP
PLQ
*%
)/86+,167$//$7,21
$IWHUFKHFNLQJWKDWWKHSRVLWLRQRI
WKH KRE LV FRUUHFW ILOO WKH JDS
EHWZHHQWKHZRUNWRSDQGWKHKRE
ZLWKVLOLFRQHDGKHVLYH)ODWWHQWKH
VLOLFRQH OD\HU ZLWK D VFUDSHU RU
ZLWKZHWILQJHUGDPSHGZLWKZDWHU
DQGVRDSEHIRUHLWIRUPV
'R QRW XVH WKH KRE XQWLO WKH
VLOLFRQHOD\HULWLVFRPSOHWHO\GU\
$ZDWHUWLJKWVHDOJDVNHWLV
VXSSOLHG ZLWK WKH KRE )LW
WKHVHDOJDVNHWDURXQGWKH
ERWWRP KRE DV GHVFULEHG
DQG PDNH VXUH WKDW LW LV
SURSHUO\ILWWHGWRDYRLGDQ\
OHDNDJHLQWRWKHVXSSRUWLQJ
IXUQLWXUH
%RWWRP
1RUPDO)L[LQJ
*HWWKHIL[LQJFOLSVIURPDFFHVVRU\EDJ
DQGVFUHZWKHPLQWRWKHSRVLWLRQVKRZQ
RQ ERWWRP ER[ 'R QRW WLJKWHQ WKH
VFUHZVWREORFNFOLSVWKH\VKRXOGPRYH
IUHHO\
,QVHUW WKH KRELQ FHQWHU
SRVLWLRQRIFXWRXW
7XUQWKHFOLSVDQGWLJKWHQ
WKHPIXOO\
4XLFN)L[LQJ'HSHQGLQJRQPRGHO
*HWIRXUVSULQJVIRUPDFFHVRU\EDJDQG
VFUHZWKHPRQWRERWWRPER[DVVKRZQ
LQILJXUH
&HQWHUDQGLQVHUWWKHKRE
3UHVVWKHVLGHVRIKREXQWLOLW
LV VXSSRUWHG DURXQG LWV
HQWLUHSHULPHWHU
*%
:
:
:
:
:
:
:
:
:
:
:
:
:
:
:
:

>zKhdϭ >zKhdϮ >zKhdϯ
>zKhdϰ >zKhdϱ
/$<287
$FFRUGLQJWRPRGHO
212))


7,0(5
$GGLWLRQDOFRRNLQJ]RQHOHG
&RRNLQJ]RQHSURJUDPPLQJLQGLFDWRU
%ULGJH
&KLOGORFN
0HOWLQJ
%RLOLQJ
(/(&75,&$/&211(&7,21



,QVWDOODWLRQPXVWFRQIRUPWRWKHVWDQGDUGVGLUHFWLYHV
0DQXIDFWXUHU GHFOLQHV DOO UHVSRQVLELOLW\ IRU DQ\ GDPDJH WKDW
PLJKWEHFDXVHGE\XQVXLWDEOHRUXQUHDVRQDEOHXVH
:$51,1*0DQXIDFWXUHUFDQQRWEHKHOGUHVSRQVLEOHIRUDQ\LQFLGHQW
RULWVFRQVHTXHQFHVWKDWPD\DULVHGXULQJWKHXVHRIDQDSSOLDQFHQRW
OLQNHGWRWKHHDUWKRUOLQNHGWRDQHDUWKZKRVHFRQWLQXLW\LVGHIHFWLYH
%HIRUH DQ\ HOHFWULFDO RSHUDWLRQ SOHDVH FKHFN WKH VXSSO\ WHQVLRQ
VKRZQRQWKHHOHFWULFLW\PHWHUWKHDGMXVWPHQWRIWKHFLUFXLWEUHDNHU
WKHFRQWLQXLW\RIWKHFRQQHFWLRQWRHDUWKWRWKHLQVWDOODWLRQDQGWKDWWKH
IXVHLVVXLWDEOH
7KHHOHFWULFDOFRQQHFWLRQWRWKHLQVWDOODWLRQVKRXOGEHPDGHDFFRUGLQJ
WRWKHUDWHGSRZHURIWKH$SSOLDQFHWKLVVKRXOGEHPDGHYLDDQ2PQL
SROHFXWRXWVZLWFK
,IWKHDSSOLDQFHKDVDVRFNHWRXWOHWLWPXVWEHLQVWDOOHGVRWKDWWKH
VRFNHWRXWOHWLVDFFHVVLEOH
7KH\HOORZJUHHQZLUHRIWKHSRZHUVXSSO\FDEOHPXVWEHFRQQHFWHGWR
WKHHDUWKRIERWKSRZHUVXSSO\DQGDSSOLDQFHWHUPLQDOV
)RUDQ\TXHVWLRQVUHJDUGLQJSRZHUVXSSO\FRUGUHIHUWR$IWHU6DOHV
6HUYLFHRUDTXDOLILHGWHFKQLFLDQ
,IWKHKRELVILWWHGZLWKSRZHUVXSSO\FRUGWKLVVKDOOEHFRQQHFWHGRQO\
WRDSRZHUVXSSO\RI9EHWZHHQSKDVHDQGQHXWUDO
,WLVKRZHYHUSRVVLEOHWRFRQQHFWWKHKREWR
7KUHH3KDVH9
7KUHH3KDVH91
7RSURFHHGWRWKHQHZFRQQHFWLRQSOHDVHIROORZEHORZLQVWUXFWLRQV
%HIRUH PDNLQJ WKH FRQQHFWLRQ PDNH VXUH WKDW WKH LQVWDOODWLRQ LV
SURWHFWHGE\DVXLWDEOHIXVHDQGWKDWLWLVILWWHGZLWKZLUHVRIDODUJH
HQRXJKVHFWLRQWRVXSSO\WKHDSSOLDQFHQRUPDOO\
7XUQRYHUWKHKREJODVVVLGHDJDLQVWWKHZRUNLQJWRSWDNLQJFDUHWR
SURWHFWWKHJODVV
2SHQWKHFRYHULQWKHIROORZLQJVHTXHQFH

XQVFUHZWKHFDEOHFODPS
ILQGWKHWZRWDEVORFDWHGRQWKHVLGHV
 SXW WKH EODGH RI D IODW VFUHZGULYHU LQ IURQW RI HDFK WDE H
SXVKLQDQGSUHVV
UHPRYHWKHFRYHU
7RUHOHDVHWKHSRZHUVXSSO\FRUG
5HPRYHWKHVFUHZVUHWDLQLQJWKHWHUPLQDOEORFNZKLFK
FRQWDLQVWKHVKXQWEDUVDQGWKHFRQGXFWRUVRIWKHVXSSO\FRUG
3XOORXWWKHVXSSO\FRUG
2SHUDWLRQVWREHFDUULHGRXWWRPDNHDQHZFRQQHFWLRQ
 &KRRVH WKH SRZHU VXSSO\ FDEOH LQ DFFRUGDQFH ZLWK WKH
UHFRPPHQGDWLRQVLQWKHWDEOH
3DVVWKHSRZHUVXSSO\FDEOHLQWRWKHFODPS
6WULSWKHHQGRIHDFKFRQGXFWRURIWKHVXSSO\FRUGRQDPPOHQJWK
E\ WDNLQJ LQ DFFRXQW WKH UHTXHVWHG OHQJWK RI WKH FRUG IRU WKH
FRQQHFWLRQWRWKHWHUPLQDOEORFN
$FFRUGLQJWRWKHLQVWDOODWLRQDQGZLWKWKHKHOSRIVKXQWEDUVZKLFK\RX
VKRXOG KDYH UHFRYHUHG LQ WKH ILUVW RSHUDWLRQ IL[ WKH FRQGXFWRU DV
VKRZQRQWKHFKDUW
)L[WKHFRYHU
6FUHZWKHFDEOHFODPS
1
1HXWUDO 7
(DUWK
0RQRSKDVH

9a
7ZR
SKDVHV

9a
7KUHH
SKDVHV

9a 7KUHH
SKDVHV

91a
3K 3KDVH
&RQQHFWLRQWRWKHWHUPLQDOVRQWKHWHUPLQDOEORFN
$77(17,21
,ILWVKRXOGEHQHFHVVDU\WRUHSODFHWKHSRZHUVXSSO\FRUGFRQQHFWWKH
ZLUHLQDFFRUGDQFHZLWKIROORZLQJFRORUVFRGHV
/$<287

/$<287

02123+$6(RU7:23+$6(69
a
&DEOH
+299)
&DEOH
+299)
&DEOH
+299)
[PP
[PP
[PP
[PP
[PP
[PP
7+5((3+$6(69
a
7+5((3+$6(691a
1RWHPDNHVXUHWKHWHUPLQDOERDUGVFUHZVDUHWLJKW
2SHUDWLRQVWREHFDUULHGRXWWRPDNHDQHZFRQQHFWLRQ
 &KRRVH WKH SRZHU VXSSO\ FDEOH LQ DFFRUGDQFH ZLWK WKH
UHFRPPHQGDWLRQVLQWKHWDEOH
3DVVWKHSRZHUVXSSO\FDEOHLQWRWKHFODPS
6WULSWKHHQGRIHDFKFRQGXFWRURIWKHVXSSO\
FRUGRQDPPOHQJWKE\WDNLQJLQDFFRXQW
WKH UHTXHVWHG OHQJWK RI WKH FRUG IRU WKH
FRQQHFWLRQWRWKHWHUPLQDOEORFN
$FFRUGLQJWRWKHLQVWDOODWLRQDQGZLWKWKHKHOS
RI VKXQW EDUV ZKLFK \RX VKRXOG KDYH
UHFRYHUHG LQ WKH ILUVW RSHUDWLRQ IL[ WKH
FRQGXFWRUDVVKRZQRQWKHFKDUW
)L[WKHFRYHU
6FUHZWKHFDEOHFODPS
*%

86(
6ZLWFK212))DKHDWHU]RQH
7RVZLWFK21DKHDWHU7RXFKSRZHUNH\GXULQJPVHF/RQJEHHS
ZLOOEHKHDUGDQGYDOXHZLOODSSHDULQWDUJHW]RQHGLJLWLQGLFDWLQJ
SRZHUOHYHO
,IDQ\FRRNLQJVWDJHLVLQSRVLWLRQWKLVGLVSOD\ZLOOVZLWFK2))
DXWRPDWLFDOO\ DIWHU  VHFRQGV DQG WKH ]RQH 2)) VHTXHQFH ZLOO
VRXQG
,IWKHUHLVUHVLGXDOKHDWLQGLFDWLRQLQWKHGLVSOD\ZKLFKLV21EXWLQ
SRZHUZLOODSSHDUFKDQJLQJRYHU
,IORFNIXQFWLRQLVDFWLYH\RXFDQQRWVZLWFK21D]RQH
7R VZLWFK 2)) D KHDWHU7RXFK SRZHU NH\ GXULQJ  VHF  6KRUW
EHHSVZLOOEHKHDUGDQGQRWKLQJRU+YDOXHZLOODSSHDULQWDUJHW]RQH
GLJLWLIUHVLGXDOKHDWH[LVWV=RQHZLOOEH2))
,IDQ\FRRNLQJVWDJHLVLQSRVLWLRQWKLVGLVSOD\ZLOOVZLWFK2))
DXWRPDWLFDOO\ DIWHU  VHFRQGV DQG WKH ]RQH 2)) VHTXHQFH ZLOO
VRXQG
,IWKHUHLVUHVLGXDOKHDWLQGLFDWLRQLQWKHGLVSOD\ZKLFKLV2))+
ZLOOEHGLVSOD\HG
(YHQORFNIXQFWLRQLVDFWLYH\RXFDQVZLWFK2))D]RQH
,IRQO\RQHKHDWHULVDFWLYHDQGWKLVRQHLVVZLWFKHGRII6KRUWEHHS
ZLOOEHKHDUGLQGLFDWLQJDOOFRRNWRSLV2II
+2%&22.:$5($'9,&(
8VLQJJRRGTXDOLW\FRRNZDUHLVFULWLFDOIRUVHWWLQJ
WKHEHVWSHUIRUPDQFHIURP\RXUKRE
$OZD\VXVHJRRGTXDOLW\FRRNZDUHZLWKSHUIHFWO\IODWDQGWKLFN
EDVHVXVLQJWKLVW\SHRIFRRNZDUHZLOOSUHYHQWKRWVSRWVWKDWFDXVH
IRRG WR VWLFN 7KLFN PHWDO SRWV DQG SDQV ZLOO SURYLGH DQ HYHQ
GLVWULEXWLRQRIKHDW
(QVXUH WKDW WKH EDVH RI WKH SRW RU SDQ LV GU\  ZKHQ ILOOLQJ
SDQVZLWKOLTXLGRUXVLQJRQHWKDWKDVEHHQVWRUHGLQWKH UHIULJHUDWRU
HQVXUHWKDWWKHEDVHRIWKHSDQLVFRPSOHWHO\GU\EHIRUH SODFLQJ LW RQ
WKHKRE7KLVZLOOKHOSWRDYRLGVWDLQLQJWKH KRE
8VHSDQVZKRVHGLDPHWHULVZLGHHQRXJKWRFRPSOHWHO\FRYHU
WKHVXUIDFHXQLWWKHVL]HRIWKHSDQVKRXOGEHQR VPDOOHU
WKDQWKHKHDWLQJDUHD,ILWLVVOLJKWO\ZLGHUWKHHQHUJ\ZLOOEHXVHGDWLWV
PD[LPXPHIILFLHQF\
7+(&+2,&(2)&22.:$5(7KHIROORZLQJLQIRUPDWLRQZLOOKHOS
\RXWRFKRRVHFRRNZDUHZKLFKZLOOJLYHJRRGSHUIRUPDQFH
6WDLQOHVV 6WHHO  KLJKO\ UHFRPPHQGHG (VSHFLDOO\ JRRG ZLWK D
VDQGZLFK FODG EDVH 7KH VDQGZLFK EDVH FRPELQHV WKH EHQHILWV RI
VWDLQOHVV VWHHO DSSHDUDQFH GXUDELOLW\ DQG VWDELOLW\ ZLWK WKH
DGYDQWDJHVRIDOXPLQLXPRUFRSSHUKHDWFRQGXFWLRQHYHQKHDW
GLVWULEXWLRQ
$OXPLQLXP  KHDY\ ZHLJKW UHFRPPHQGHG *RRG FRQGXFWLYLW\
$OXPLQLXPUHVLGXHVVRPHWLPHVDSSHDUDVVFUDWFKHVRQWKHKREEXW
FDQEHUHPRYHGLIFOHDQHGLPPHGLDWHO\
%HFDXVHRILWVORZPHOWLQJSRLQWWKLQDOXPLQLXPVKRXOGQRWEHXVHG
&DVW,URQXVDEOHEXWQRWUHFRPPHQGHG3RRUSHUIRUPDQFH0D\
VFUDWFKWKHVXUIDFH
&RSSHU %RWWRP  VWRQHZDUH KHDY\ ZHLJKW UHFRPPHQGHG *RRG
SHUIRUPDQFHEXWFRSSHUPD\OHDYHUHVLGXHVZKLFKFDQDSSHDUDV
VFUDWFKHV 7KH UHVLGXHV FDQ EH UHPRYHG DV ORQJ DV WKH KRE LV
FOHDQHGLPPHGLDWHO\+RZHYHUGRQRWOHWWKHVHSRWVERLO
GU\2YHUKHDWHGPHWDOFDQERQGWRJODVVKREV$QRYHUKHDWHGFRSSHU
SRWZLOOOHDYHDUHVLGXHWKDWZLOOSHUPDQHQWO\VWDLQWKHKRE
3RUFHODLQHQDPHO*RRGSHUIRPDQFHRQO\ZLWKDWKLQ\VPRRWKIODW
EDVH
*ODVVFHUDPLFQRWUHFRPPHQGHG3RRUSHUIRUPDQFH0D\VFUDWFK
WKHVXUIDFH
,QFUHDVH'HFUHDVHSRZHUOHYHO
:LWKDVKRUWSUHVVRQµ¶RUµµNH\V,QFUHDVHRUGHFUHDVHSRZHULQWKH
VHOHFWHG]RQHVGLJLW3
)RU/RQJ3UHVVHVLQRUNH\VSRZHUOHYHOLQFUHDVHVGHFUHDVHV
FRQWLQXRXVO\:LWKDIDVWLQFUHDVHSRZHUVWRSVDWOHYHODQGIRUD
KLJKHUSRZHUDQRWKHUVKRUWSUHVVLVQHHGHGRQWKHNH\1REHHS
VRXQGLVKHDUGZLWKIDVWLQFUHDVHGHFUHDVH
 2QFH DUULYHG WR 3 SRZHU OHYHO SUHVVLQJ  NH\ DJDLQ GRHV QRW
FKDQJHSRZHUOHYHOWR2QFHDUULYHGWRSRZHUOHYHOSUHVVLQJNH\
DJDLQGRHVQRWFKDQJHSRZHUOHYHOWR3
:LWK D ]RQH21 DW SRZHU OHYHO LIWKH ]RQH LVKRW  ZLOOEOLQN
DOWHUQDWLYHO\$IWHUVHFRQGVZLOOGLVDSSHDUDQµ+¶OHWWHUZLOODSSHDU
IL[HGRQGLVSOD\
:KHQDKHDWHULVVHOHFWHGDQGµ¶µµNH\VDUHWRXFKHGDWWKHVDPH
WLPHSRZHUOHYHOZLOOJRWRµ¶EXWKHDWHUZLOOPDLQWDLQVHOHFWHGGXULQJ
VHFRQGV,IKHDWHUZDVWHPSRUL]HGWLPHUZLOOJRWR2II7KLVDFWLRQ
FDQ RQO\ EH GHYHORSHG LQ VHYHUDO FDVHV GHSHQGLQJ WRXFK FRQWURO
FRQILJXUDWLRQ7KH IROORZLQJ H[DPSOHV DUH IRU LQIRUPDWLRQ RQO\
3HUVRQDOH[SHULHQFHVKRXOGWKHQOHW\RXDGDSWWKHVHVHWWLQJVWR\RXU
WDVWHDQGKDELWV
&KLOG/RFN
7KH DFWLRQ ZLOO EH GRQH ZKHQORFNNH\LVWRXFKHG
7KHQDQ\WLPHZKHQ D NH\ ZLOOEHWRXFKHGGLVSOD\VZLOOVKRZ/
GXULQJVHFKHDWLQJUHPDLQVDWWKHVDPHVWDWH
7RGHDFWLYDWH&KLOG/RFNIROORZWKHVDPHSURFHVVH[SODLQHGEHIRUH
7KHQ6KRUWEHHSZLOOEHKHDUGDQGGLVSOD\VZLOOVKRZQOHWWHU+REZLOO
UHPDLQXQORFNHG
1RWH$QDXWRPDWLFFKLOGORFN ZLOOSURGXFHLQPLQXWHVDIWHUWRWDO
6ZLWFK2))RIWKHKRE7KLVIXQFWLRQZLOOKDSSHQVDXWRPDWLFDOO\EXW
SUHYLRXVO\LVQHFHVVDU\WRSURJUDPLW6HH8VHUVHWWLQJVSRLQW
*%
7RVZLWFK21GRXEOHH[WHQVLRQULQJDVVRFLDWHGPDLQ]RQHPXVWEH
DOUHDG\21DQG,QGLFDWLQJSRZHUOHYHOPXVWEHKLJKHUWKDQ
'RXEOH]RQH21
VW6KRUW3UHVVRQH[WHQVLRQNH\6ZLWFKHV21H[WHQVLRQULQJ/('
RYHUH[WHQVLRQNH\WXUQV21LI([WHQVLRQULQJLV21
QG6KRUW3UHVVRQH[WHQVLRQNH\6ZLWFKHV2))H[WHQVLRQULQJ
6KRUWEHHSHDFKSUHVVRQH[WHQVLRQNH\
7ULSOH]RQH21
VW6KRUW3UHVVRQH[WHQVLRQNH\6ZLWFKHV21VWH[WHQVLRQULQJ
/('RYHUH[WHQVLRQNH\WXUQV21LIVWH[WHQVLRQULQJLV21OHIW/('
LQFDVHRIWULSOH]RQHPLGGOHDQGRQO\/('LQFDVHRIGRXEOH]RQHQG
6KRUW 3UHVV RQ H[WHQVLRQ NH\ 6ZLWFKHV 21 QG H[WHQVLRQ ULQJ 
/('VRYHUH[WHQVLRQNH\WXUQ21LIVWDQGQGH[WHQVLRQULQJVDUH
21
UG 6KRUW 3UHVV RQ H[WHQVLRQ NH\ 6ZLWFKHV 2)) VW DQG QG
H[WHQVLRQULQJV
6KRUWEHHSHDFKSUHVVRQH[WHQVLRQNH\
'RXEOH7ULSOH]RQHV
%ULGJHIXQFWLRQ
7KHEULGJHFDQEHHQDEOHGRQO\ZKHQERWKKHDWHUVDUHRII2QHKHDWHU
RI WKH EULGJH KDV EHHQ VHOHFWHG WR DFWLYDWH EULGJH IXQFWLRQ WRXFK
EULGJHNH\
$EHHSVRXQGVDQGWKH]RQH/('LVVZLWFKHGRQLIWKH]RQHLVHQDEOHG
%RWKEULGJHKHDWHUVZLOOEHVHOHFWHGDWWKHVDPHWLPH
2QFHWKHKHDWHUVVHOHFWHGLIWKHSRZHUOHYHOLVQRWWKHGHVLUHGSRZHU
OHYHOE\WKHNH\V
%RWKEULGJHKHDWHUGLVSOD\VZLOOVKRZVDPHSRZHUOHYHO
7KHIXQFWLRQZLOOILQLVK
,IWKHEULGJHNH\LVWRXFKHGLQVHWWLQJPRGH
,IXVHUVHOHFWVSRZHUOHYHO³´
2YHUIORZVHFXULW\
6RPHWKLQJDQREMHFWRUDOLTXLGLVSUHVVLQJDQ\NH\GXULQJPRUHWKDQ
V6KRUW%HHS/RQJEHHSHYHU\VZKLOHWKHNH\LVSUHVVHG
&RRNWRSZLOOWXUQ2II7KLVV\PEROZLOOPDLQWDLQEOLQNLQJZKLOHWKH
PDWWHUSHUVLVW
7LPHU
7RDFWLYDWHWLPHUKHDWHUPXVWEHVHOHFWHGDQGLWVSRZHUOHYHOPXVW
EHJUHDWHUWKDQ³´
6HOHFWWKH]RQHWREHWLPHG3RZHUOHYHORIWKH]RQHJUHDWHUWKDQ
6WDWLF LVGLVSOD\HGLQWKH]RQHEHLQJWLPHGLQWKHGLJLWV
UHVHUYHGIRUWKHWLPHU
:LWKRUNH\VWLPHUWLPHFDQEHFKRVHQ1R%HHSVDWWLPH
FKDQJH
 3UHVVLQJ VLPXOWDQHRXVO\ WLPHU  NH\V WKH WLPHU LV FDQFHOOHG
JRHVWR
,IWLPHURUNH\VLVPDLQWDLQHGSUHVVHGGXULQJ7%'WLPHWKHUH
LVTXLFNVHWWLQJ
:KHQVHWWLQJWLPHUWLPHLWLVSRVVLEOHWRJRIURPWRZLWK
NH\DQGIURPWRZLWKNH\
0D[LPXPWLPHPLQXWHV
:KHQWKHWLPHLVHODSVHGDQGWKHKRELVEHHSLQJSUHVVDQ\NH\DQG
WKHDODUPDQGGLJLWVHTXHQFHZLOOHQG
5HVLGXDO+HDW,QGLFDWRU,QUDGLDQWKHDWHUV!FDOFXODWHG
7KHVDPHLQGLFDWRUVFDQEHXVHGIRU³UHVLGXDOKHDW´LQGLFDWLRQDVZHOO
$WLPHWDEOHPXVWEHGHILQHGRQWKLVSXUSRVH5HVW+HDWWLPH ISRZHU
OHYHOZRUNLQJWLPH
:KLOH D WHPSHUDWXUH RQ WKH FRRN WRS JODVV VXUIDFH LV DERYH
R
 &EWKHRU\YDOXHWKLVFRQGLWLRQZLOOEH VKRZQLQWKHDVVRFLDWHG
GLVSOD\E\PHDQVRIDQ³+´
R
7RJHQHUDWHDWHPSHUDWXUHDERYH &DKHDWLQJHOHPHQWKDVWREHLQ
RSHUDWLRQIRUFHUWDLQWLPHWKLVWLPHGHSHQGVRQWKHSRZHUOHYHO2QFH
WKLVWLPHKDVH[SLUHGWKHUHVLGXDOKHDWZDUQLQJZLOOEHVKRZQZKHQ
WKHKHDWLQJHOHPHQWLVVZLWFKHGRII
$XWRPDWLF6DIHW\2II
,I WKH SRZHU OHYHO LV QRW FKDQJHG GXULQJ D SUHVHW WLPH WKH
FRUUHVSRQGLQJKHDWHUWXUQVRIIDXWRPDWLFDOO\
7KHPD[LPXPWLPHDKHDWHUFDQVWD\RQGHSHQGVRQWKHVHOHFWHG
FRRNLQJOHYHO
3RZHUOHYHO
0D[WLPHRQKRXUV

127( ZKLOH DQ RYHUKHDWLQJ VLWXDWLRQ VKRXOG RFFXU GXULQJ WKH
RSHUDWLRQ RI WKH KLJKHVW SRZHU OHYHOV WKH +RE FRQWURO ZLOO
DXWRPDWLFDOO\DGMXVWWKHSRZHUOHYHOLQRUGHUWRSURWHFWWKHKREIURP
RYHUKHDWLQJ
&/($1,1*$1'0$,17(1$1&(
%HIRUHFDUU\LQJRXWDQ\PDLQWHQDQFHZRUNRQWKHKREDOORZLW WR
FRROGRZQ
 2QO\ SURGXFWV FUHDPV DQG VFUDSHUV VSHFLILFDOO\ GHVLJQHG IRU
DJODVVFHUDPLFVXUIDFHVVKRXOGEHXVHG7KH\DUHREWDLQDEOH IURP
KDUGZDUHVWRUHV
$YRLGVSLOODJHVDVDQ\WKLQJZKLFKIDOOVRQWRWKHKREVXUIDFH ZLOO
TXLFNO\EXUQDQGZLOOPDNHFOHDQLQJPRUHGLIILFXOW
,WLVDGYLVDEOHWRNHHSDZD\IURPWKHKREDOOVXEVWDQFHVZKLFKDUH
OLDEOHWRPHOWVXFKDVSODVWLFLWHPVVXJDURUVXJDUEDVHGSURGXFWV
0$,17(1$1&(
3ODFHDIHZGURSVRIWKHVSHFLDOLVHGFOHDQLQJSURGXFWRQWKHKRE
VXUIDFH
5XE DQ\ VWXEERUQ VWDLQV ZLWK D VRIW FORWK RU ZLWK VOLJKWO\ GDPS
NLWFKHQSDSHU
:LSHZLWKDVRIWFORWKRUGU\NLWFKHQSDSHUXQWLOWKHVXUIDFHLVFOHDQ
,IWKHUHDUHVWLOOVRPHVWXEERUQVWDLQV
3ODFHDIHZPRUHGURSVRIVSHFLDOLVHGFOHDQLQJIOXLGRQWKHVXUIDFH
6FUDSHZLWKDVFUDSHUKROGLQJLWDWDQDQJOHRIWRWKHKREXQWLO
WKHVWDLQVGLVDSSHDU
:LSHZLWKDVRIWFORWKRUGU\NLWFKHQSDSHUXQWLOWKHVXUIDFHLVFOHDQ
5HSHDWWKHRSHUDWLRQLIQHFHVVDU\
*%
0HOWLQJIXQFWLRQ
$IWHUDKHDWHUKDVEHHQVHOHFWHGWRDFWLYDWHPHOWLQJIXQFWLRQ
6HOHFWPHOWLQJNH\
$WRQHVRXQGVDQGKHDWHUGLVSOD\VKRZV³8´
7KHKHDWHUZLOOZRUNDWSRZHUOHYHO³´
%HLQJWKHKHDWHUVHOHFWHG0HOWLQJIXQFWLRQZLOOILQLVK
,IVZLWFKHGRII
,ILWLVVHOHFWHGWRRWKHUSRZHUOHYHO
%RLOLQJ)XQFWLRQ
$IWHUDKHDWHUKDVEHHQVHOHFWHGWRDFWLYDWH%RLOLQJIXQFWLRQ
6HOHFW%RLOLQJNH\
$WRQHVRXQGVDQGKHDWHUGLVSOD\VKRZV³3´
7KHKHDWHUZLOOZRUNDWPD[LPXPSRZHUOHYHOIRUPLQXWHV
$IWHUWKHVHPLQXWHVDWRQHVRXQGVKHDWHUZLOOUHWXUQWROHYHO³´
,WLVSRVVLEOHWRDGMXVWWKHWLPHUWLPHZKLOHWKHWLPHULVSUHYLRXVO\
UXQQLQJ
3RZHURIWLPHG]RQHFDQEHPRGLILHGZLWKRXWFRQVHTXHQFHVRQWKH
WLPHUSURJUDPPLQJ
/DVWPLQXWHZLOOEHGLVSOD\HGE\VHFRQGV)RU9DULDQWVRQO\YLVLEOHLI
ZH HQWHU WKH WLPHU SURJUDPPLQJ ZKLOH WKH ODVW PLQXWH RI WKH
FRXQWGRZQ
3UHVVLQJWKH7LPHUNH\ZLWKRXWDQ\VHOHFWHG]RQHDQGZKHQQR
]RQHLVEHLQJWLPHGGRHVQRWKLQJ
3UHVVLQJWKH7LPHUNH\ZLWKRXWDQ\VHOHFWHG]RQHDQGZKHQPDQ\
]RQHVDUHEHLQJ WLPHGWKHWLPHVKRZQLQWLPHGLJLWV FKDQJHVLQD
URWDWRU\ ZD\ DQG VKRZV WKH WLPH ZKRVH SRZHU GLVSOD\ KDV WKH
GHFLPDOSRLQW21
$OWHUQDWLYHO\3RZHUVDQGVLVGLVSOD\HGLQWKH]RQHEHLQJ
WLPHG
5HPDLQLQJ WLPH LV GLVSOD\HG LQ WKH GLJLWV UHVHUYHG IRU WKH WLPHU ,I
PXOWLSOH]RQHVDUHWLPHGWKHVPDOOHVWUHPDLQLQJWLPHLVGLVSOD\HG
DQGWKHGHFLPDOSRLQWLVGLVSOD\HGLQWKHFRUUHVSRQGLQJ]RQH

0D[ L
$Q\FKDQJHLQWKHFRORXURIWKHJODVVFHUDPLFVXUIDFHGRHV
QRWDIIHFWLWVRSHUDWLRQRUWKHVWDELOLW\RIWKHVXUIDFH6XFK
GLVFRORUDWLRQVDUHPRVWO\DUHVXOWRIEXUQWIRRGUHVLGXHVRU
XVH RI FRRNZDUH PDGH RI PDWHULDOV VXFK DV DOXPLQLXP RU
FRSSHUWKHVHVWDLQVDUHGLIILFXOWWRUHPRYH
352%/(062/9,1*
7KHFRRNLQJ]RQHVGRQRWVLPPHURURQO\IU\JHQWO\
2QO\XVHIODWERWWRPHGSDQV,IOLJKWLVYLVLEOHEHWZHHQWKHSDQDQGWKH
KREWKH]RQHLVQRWWUDQVPLWWLQJKHDWFRUUHFWO\
7KHSDQERWWRPVKRXOGIXOO\FRYHUWKHGLDPHWHURIWKHVHOHFWHG]RQH
7KHFRRNLQJLVWRRVORZ
8QVXLWDEOHSDQVDUHEHLQJXVHG2QO\XVHIODWERWWRPHGXWHQVLOVWKDW
DUHKHDY\DQGKDYHDGLDPHWHUDWOHDVWWKHVDPH
DVWKHFRRNLQJ]RQH
6PDOOVFUDWFKHVRUDEUDVLRQVRQWKHKREVJODVVVXUIDFH
,QFRUUHFW FOHDQLQJ RU URXJKERWWRPHG SDQV DUH XVHG SDUWLFOHV OLNH
JUDLQVRIVDQGRUVDOWJHWEHWZHHQWKHKREDQGWKHERWWRPRIWKHSDQ
5HIHUWRWKH&/($1,1*VHFWLRQPDNHVXUHWKDWSDQERWWRPVDUH
FOHDQEHIRUHXVHDQGRQO\XVHVPRRWKERWWRPHGSDQV6FUDWFKHVFDQ
EHOHVVHQHGRQO\WKHFOHDQLQJLVGRQHFRUUHFWO\
$)(:+,176
)UHTXHQW FOHDQLQJ OHDYHV D SURWHFWLYH OD\HU ZKLFK LV HVVHQWLDO WR
SUHYHQW VFUDWFKHV DQG ZHDU 0DNH VXUH WKDW WKH VXUIDFH LV FOHDQ
EHIRUHXVLQJWKHKREDJDLQ7RUHPRYHPDUNVOHIWE\ZDWHUXVHDIHZ
GURSVRIZKLWHYLQHJDURUOHPRQMXLFH7KHQZLSHZLWKDEVRUEHQWSDSHU
DQGDIHZGURSVRIVSHFLDOLVHGFOHDQLQJIOXLG
7KHJODVVFHUDPLFVXUIDFHZLOOZLWKVWDQGVFUDSLQJIURPIODWERWWRPHG
FRRNLQJYHVVHOVKRZHYHULWLVDOZD\VEHWWHUWROLIWWKHPZKHQPRYLQJ
WKHPIURPRQH]RQHWRDQRWKHU
1%
'RQRWXVHDVSRQJHZKLFKLVWRRZHW
1HYHUXVHDNQLIHRUDVFUHZGULYHU
$VFUDSHUZLWKDUD]RUEODGHZLOOQRWGDPDJHWKHVXUIDFHDVORQJ
DVLWLVNHSWDWDQDQJOHRI
1HYHU OHDYH D VFUDSHU ZLWK D UD]RU EODGH ZLWKLQ WKH UHDFK RI
FKLOGUHQ
1HYHUXVHDEUDVLYHSURGXFWVRUVFRXULQJSRZGHUV
7KHPHWDOVXUURXQGWRVDIHO\FOHDQWKHPHWDOVXUURXQGZDVKZLWK
VRDSDQGZDWHUULQVHWKHQGU\ZLWKDVRIWFORWK

+HDWHUGLVSOD\ )DXOW $FWLRQ
)
)F
)W
)(
)E
)8)-
)$
)&)G
)U
,IHUURUKDVRFFXUUHGGLVFRQQHFWHGDQGFRQQHFWDJDLQWKHFRRNWRSWRWKHSRZHUVXSSO\,IHUURUSHUVLVW
FDOODIWHUVDOHVVHUYLFH,IHUURUDSSHDUVVXGGHQO\LQDQRUPDORSHUDWLRQFDOODIWHUVDOHVVHUYLFH
7RXFKFRQWUROVRIWZDUHHUURU
:DLW XQWLO WHPSHUDWXUH JRHV GRZQ &RRNWRS ZLOO DXWRPDWLFDOO\ UHFRYHUHG ZKHQ WHPSHUDWXUH
UHDFKHVDQRUPDOYDOXH
7RXFKFRQWURO]RQHLVWRRKRW
DQG KDV WXUQHG RII DOO WKH
KHDWHUV
:DLWXQWLOWHPSHUDWXUHJRHVGRZQ,IPHVVDJHSHUVLVWZKHQWHPSHUDWXUHUHDFKHVDQHQYLURQPHQW
YDOXHFDOODIWHUVDOHVVHUYLFH
7RXFK FRQWURO WHPSHUDWXUH
VHQVRUFDQEHGDPDJHG
:DLWXQWLOWHPSHUDWXUHJRHVGRZQ,IPHVVDJHSHUVLVWZKHQWHPSHUDWXUHUHDFKHVDQHQYLURQPHQW
YDOXHFDOODIWHUVDOHVVHUYLFH
7RXFKFRQWUROWHPSHUDWXUH
VHQVRUFDQEHGDPDJHG
6HHLIFRRNWRSLVPRXQWHGFRUUHFWO\%HVXUHWKDWNH\VWRXFKFRUUHFWO\WKHJODVVVXUIDFH
([FHVVLYHVHQVLWLYLW\
RQDQ\NH\
7KLVHUURULVDNH\ERDUGDXWRFKHFN,WGLVDSSHDUVZKHQDXWRFKHFNUHWXUQWRVHFXUHYDOXH,IHUURU
SHUVLVWFDOODIWHUVDOHVHUYLFH
6HFXULW\NH\ERDUGHUURU
7KLVHUURULVDVRIWZDUHDXWRFKHFN,WGLVDSSHDUVZKHQDXWRFKHFNUHWXUQWRVHFXUHYDOXH,IHUURU
SHUVLVWFDOODIWHUVDOHVHUYLFH
6HFXULW\VRIWZDUHHUURU
7KLVHUURULVDVRIWZDUHDXWRFKHFN,WGLVDSSHDUVZKHQDXWRFKHFNUHWXUQWRVHFXUHYDOXH,IHUURU
SHUVLVWFDOODIWHUVDOHVHUYLFH
6HFXULW\VRIWZDUHHUURU
$Q\UHOD\GULYHUFDQKDYHDQ\SUREOHPQ5HPRYHFRRNWRSIURPWKHSRZHUVXSSO\ZDLWDPLQXWH
DQGVZLWFKRQDJDLQ,IHUURUSHUVLVWFDOODIWHUVDOHVHUYLFH
5HOD\VVHFXULW\HUURU
$)7(5&$5(
%HIRUH FDOOLQJ RXW D 6HUYLFH (QJLQHHU SOHDVH FKHFN WKH
IROORZLQJ
²WKDWWKHSOXJLVFRUUHFWO\LQVHUWHGDQGIXVHG
,IWKH IDXOW FDQQRW EH LGHQWLILHG VZLWFK RIIWKH DSSOLDQFH ² GR QRW
WDPSHUZLWKLW²FDOOWKH$IWHUFDUH6HUYLFH&HQWUH7KHDSSOLDQFHLV
VXSSOLHG ZLWK D JXDUDQWHH FHUWLILFDWH WKDW HQVXUHV WKDW LW ZLOO EH
UHSDLUHGIUHHRIFKDUJHDWWKH6HUYLFH&HQWUH
0HWDOPDUNV
'R QRW VOLGH DOXPLQLXP SDQV RQ WKH KRE 5HIHU WR WKH FOHDQLQJ
UHFRPPHQGDWLRQV
<RXXVHWKHFRUUHFWPDWHULDOVEXWWKHVWDLQVSHUVLVW
8VHDUD]RUEODGHDQGIROORZWKH&/($1,1*VHFWLRQ
'DUNVWDLQV
8VHDUD]RUEODGHDQGIROORZWKH&/($1,1*VHFWLRQ
/LJKWVXUIDFHVRQWKHKRE
0DUNVIURPDQDOXPLQLXPRUFRSSHUSDQEXWDOVRPLQHUDOZDWHURU
IRRGGHSRVLWVWKH\FDQEHUHPRYHGXVLQJWKHFUHDPFOHDQHU
&DUDPHOLVDWLRQRUPHOWHGSODVWLFRQWKHKRE
5HIHUWRWKH&/($1,1*VHFWLRQ
7KHKREGRHVQRWRSHUDWHRUFHUWDLQ]RQHVGRQWZRUN
7KHVKXQWVDUHQRWSRVLWLRQHGFRUUHFWO\RQWKHWHUPLQDOERDUG
+DYHDFKHFNPDGHWKDWWKHFRQQHFWLRQLVGRQHKHFRQWUROSDQHOLV
ORFNHG8QORFNWKHKRE
7KHKREGRHVQRWFXWRII
7KHFRQWUROSDQHOLVORFNHG8QORFNWKHKRE
)UHTXHQF\RIRQRIIRSHUDWLRQVIRUFRRNLQJ]RQHV
7KHRQRIIF\FOHVYDU\DFFRUGLQJWRWKHUHTXLUHGKHDWOHYHO
ORZOHYHOVKRUWRSHUDWLQJWLPH
KLJKOHYHOORQJRSHUDWLQJWLPH
7KHFRRNWRSLVQRWZRUNLQJ
&KHFN WKH FRQGLWLRQ RI WKH IXVHV  FLUFXLW EUHDNHUV DW \RXU
ORFDWLRQ&KHFNWRVHHLI\RXDUHH[SHULHQFLQJDSRZHUIDLOXUH
7KHFRRNWRSKDVWXUQHGLWVHOIRII
7KHPDLQVZLWFK212))NH\ZDVDFFLGHQWDOO\WRXFKHGRUWKHUHLV
DQ\REMHFWDERYHDQ\NH\7XUQWKHXQLWRQDJDLQZLWKRXWDQ\REMHFW
DERXWWKHNH\ERDUG(QWHU\RXUVHWWLQJVDJDLQ
'LVSOD\)DQGQXPEHUV
,I)DQGQXPEHUVDSSHDUVLQWKHGLVSOD\\RXUXQLWKDVGHWHFWHGDIDXOW
7KHIROORZLQJWDEOHOLVWDFWLRQV\RXFDQWDNHWRFRUUHFWWKHSUREOHP
*%
⇌㩅㜄㵬Ḕ䚔㢼⓸⦑㉘㾌㇠㟝㜄Ḵ䚐㫴㾜㡸⸨Ḵ䚌Ḕ䝽㡸㉘㾌䚌ὤ㤸㜄⏈$6㉐⽸㏘⪰ⵏ㡸
␴⽸䚌㜠㢰⥜ⶼ䝬⪰ὤ⦑䚨▄㐡㐐㝘U
ᷱḔ㇠㟝㩅㜄⏈㥐䖼Ḱ㚕㉬㏘ᴴ⏙䚐⺴䖼㢨⡜ᶤ㠀㬅⏼␘⡜ᶤ㠀㫸⺴⺸㡸⬀㫴㫴㙾⓸⦑㦤㐠䚌㐡
㐐㝘⴬⬀㢌㛨⫤㢨⏈㫴㋁㤵㢬ᵄ⓹㢨㢨⨜㛨㫴⏈ᷱ㟤ᴴ㙸␀㥐䖼㜄ᴴᾀ㢨ᴴ㫴⯯䚌⓸⦑䚨㚰
⏼␘U
ᷱḔ㦤⫠ὤẠ㥐㦤㇠㜄㉐㉘᷸䚼ᶤ⇌㦤⫠ὤẠ㥐㦤㇠ᴴ㇠㟝㉘⮹㉐㜄㤵䚝䚌␘Ḕ䖐㐐䚐ᴴ☐❄⏈
㥐䖼㜄䋩䚝╌㛨㢼⏈ᴴ☐⬀㇠㟝䚌㐡㐐㝘⺴㤵䚝䚐䝽㡸㇠㟝䚌⮨㇠Ḕᴴ㢼㏩⏼␘U
ᷱḔ㫴ⵝ㢨⇌ὤ⪸㡸㇠㟝䚌㜠㦤⫠㩅㢬㚒㜄㙸ⱨ⓸㛺㡰⮨㠸䜌䚌⮤䞈㣠ᴴⵐ㈑䚔㢼㏩⏼␘⺼㢨
⇌⮨㤼␴Ɒ⦐ⅸ㫴⬄Ḕ㥐䖼
㤸㠄㡸⒢ᵐ❄⏈ⵝ䞈㟝⯜䔠☥㡰⦐䞈㜰㡸⒢㡰㐡㐐㝘U
ᷱḔ䞈㣠㠸䜌㦤⫠Ạ㜡䖐⮨㠸㜄Ɒᶨ㡸⸨Ḵ䚌㫴⫼㐡㐐㝘U
ᷱḔ䖐⮨㜄ἔ㜨㢨㢼㡰⮨㡔⫠⪰⬀㫴㫴⬄Ḕ㥐䖼㤸㠄㡸῰㚰ᵄ㤸ᴴ⏙㉥㡸㜼ⵝ䚔㢼㏩⏼␘U
㢨ㇵ㢌㛨⫤㢨㐔㷨㤵ᵄᴵ㤵❄⏈㥉㐔㤵⏙⥙㢨ᵄ㋀䚼ᶤ⇌ᷱ䜌Ḱ㫴㐑㢨㛺⏈㇠⣀㢬ᷱ㟤㥐䖼
㇠㟝㜄
Ḵ䚨㙼㤸䚐ⵝⷉ㡰⦐ᵄ⓹❄⏈㫴㐐⪰ⵏḔ㢨㝴Ḵ⥜═㠸䜌㜄␴䚨㢨䚨䚐ㇵ䈐㜄㉐㥐䖼㡸㇠㟝
㢼㏩⏼␘㛨⫤㢨ᴴ㥐䖼㡸ᴴ㫴Ḕ㣙⇐䚌㫴㙾⓸⦑ᵄ⓹䚨㚰䚝⏼␘ᵄ⓹㛺㢨㛨⫤㢨ᴴ㥐䖼㡸㷡㋀
䚌ᶤ⇌㥉⽸⪰䚨㉐⏈╝⏼␘U
㨰㢌㦤⫠Ḱ㥉㡸ᵄ⓹䚨㚰䚝⏼␘㬛㡴㦤⫠Ḱ㥉㢨⢰⓸᷸㋁䚨㉐ᵄ⓹䚨㚰䚝⏼␘U
㦤⫠Ạ㜡㡸㇠㟝䚌⏈┍㙼❄⏈
䝽㢌㤸㠄㡸䟸⢰⓸㣈㜨䖐㐐ᴴ䁐㥬㢼⏈┍㙼㡴㛨⫤㢨ᴴᴴᾀ㢨㥅ἰ䚌
⯯䚌᷀䚨㚰㐠䚐䞈ㇵ㢌㠸䜌㡸ⵝ㫴䚔㢼㏩⏼␘U
㥐䖼㡴㞬⺴䇴㢨⭬❄⏈ⷸ⓸㢌⫠⯜䀜㣙㾌⪰㇠㟝䚌㜠㦤㣅䚌⓸⦑⬀☘㛨㫴㫴㙾㚌㏩⏼␘U
䝽㢌䚔⦐᷄☥⺴⺸㡸㢅㐐䚌㫴⫼㐡㐐㝘U
䈐Ἤ㜄䖐㐐═㤸㚉㤸⪌⺴䚌⪰ᷠ♐㢼Ḕ㥅㫴㥅㥄㢨㢼⏈㤸㠄䀴㢨⽈㜄䙀⤠Ἤ⪰
㜤ᷤ䚝⏼␘㋀䁇
䈐Ἤ㜄䖐㐐═⺴䚌㜄㤵䚝䚨㚰䚌⮤㥅㫴㥅㥄㢨㜤ᷤ╌Ḕ㣅┍╌⏈ㇵ䈐㜠㚰䚝⏼␘㥅㫴䀘≙䉤⏈
▄ㇽ㢹⏼␘㣅┍㡴㤵㤼䚐㣄ᷝ㡸ᵊ㻌㤸ⱬᴴᴴ䚨㚰䚝⏼␘㋀䁇Ḱ㥐䖼䙀⤠Ἤᴴ䝬䞌╌㫴㙾⏈ᷱ㟤
㜄⏈㣄ᷝ㢼⏈㤸ὤὤ㇠㜄᷀㋀䁇㡸␘⪬㤵㤼䚐㦹⪌⦐Ẅ㷨䚨␠⢰Ḕ㟈㷡䚌㐡㐐㝘䙀⤠Ἤ㝴㋀䁇㡴
ạᴴ㢌㤸⪌ἐ㥉㜄⬒⏈
ᶷ㢨㛨㚰䚝⏼␘U
㺐␴㜤ᷤ⺴䚌⪰ᷠ♐㢼㡰⮤㤸⪌ἐ㥉Ḱ⓸㢰㾌䚌⏈㤸㠄Ḱ㥐䖼㇠㢨㜄㝨⏼䔨⢰㵜␜ὤ⪰㉘㾌䚌㜠
㤸㠄㜄㜤ᷤ䚔㍌⓸㢼㏩⏼␘U
㵜␜ὤᴴ㜤▄ㇽ㥅㫴䀴㢨⽈㡸ⵝ䚨䚌㫴㙾⓸⦑䚨㚰䚝⏼␘㜤ᷤ㜄㇠㟝╌⏈㋀䁇❄⏈㝨⏼䔨⢰㵜␜ὤ
㥐䖼㡸㉘㾌䚔㎱᷀㥅ἰ䚔㢼㛨㚰䚝⏼␘U
䙀⤠Ἤ⪰㥅ἰᴴ⏙䚌᷀⬀☘ᶤ⇌ⵤ㉔ἐ㾍㜄♤⢰
Ḕ㥉ⵤ㉔㜄㏘㠸㾌⪰䋩䚝䚌⏈ⵝⷉ㡰⦐⺸⫠䚔㍌⓸
㏩⏼␘U
㤸㠄䂈☐ᴴ㋄ㇵ═ᷱ㟤㠸䜌㡸ⵝ㫴䚌⥘⮨㥐㦤㇠㥐㦤㇠㢌㉐⽸㏘␴⫠㢬❄⏈㡔㇠䚐㣄ᷝ㡸ᵊ㻌㇠⣀
Ẅ㷨䚨㚰䚝⏼␘㥅㫴⓸㷨㜤▄ㇽ␜㣄⽈⦑Ὤ㢨⏈PP㢨ㇵ㢨㛨㚰䚝⏼␘⇨⺴⓸㷨⺴⺸㡴
䝽㢨䢕㍌䚌⏈㤸⥙㜄㚀⬒㙸㚰䚝⏼␘䈐Ἤ㜄䖐㐐╌㛨㢼㢀㤸㠄䀴㢨⽈㦹⪌⏈+299)㜠㚰
䚝⏼
␘U
䔠䆠㏘䖰❄⏈⒢ᵐ☥㢌Ἴ㋁Ɒ㷨⪰㠸㜄⋇㫴⫼㐡㐐㝘⡜ᶤ㠀㫼㢼㏩⏼␘U
㚀⨜⴬⎸䔠㢰Ḱ䙀⢰㏘䐥䑠㡸ᴴ㜨⺴㜄㝠⥘⋇㫴⫼㐡㐐㝘U
㇠㟝䚐䝽㜄⭰㫴⇌ὤ⪸㢨㑇㢨㫴㙾⓸⦑䚡ㇵ␚㙸▄㛨㚰䚝⏼␘⭰㫴⇌ὤ⪸㢨⇜㙸㢼㡰⮨䝽㡸㇠㟝䚔
␘㐐ᴴ㜨╌㛨䞈㣠ᴴⶼ㫼㠸䜌㢨㢼⏈ᶷ㡴Ɒ⦔㢨Ḕ㜤ὤ㝴⺼䃀䚐⇸ㇼᴴ
⇝⏼␘U
㥐䖼㡸㷡㋀䚌ὤ㠸䚨㫑ὤ❄⏈Ḕ㚉㏘䘸⤼㢨⪰㤼␴㇠㟝䚌㫴⫼㐡㐐㝘U
㣅┍⓸㩅❄⏈㇠㟝㣔㐐┍㙼㡴ᴴ㜨Ạ㜡㡸⬀㫴㫴⫼㐡㐐㝘
㡔⫠㉬⢰ⴭ㠸㜄㉐㤼␴㫵㥅㢀㐑㡸⬀☘㫴⫼㐡㐐㝘U
ⵌ☐㐐㤵㤼䚐㦤⫠⓸Ạ⪰㇠㟝䚌㐡㐐㝘U
ⵌ☐㐐㟈⫠䚌Ḕ㢼⏈㡔␏㢌䚐ᴴ㟨⒤㜄䑠㡸㝠⥘⋇㡰㐡㐐㝘㥐㛨䑄㜄⏈㙸ⱨᶷ⓸㝠⥘⋇㫴⫼㐡
㐐㝘U
䝽㡸㣅㛹⮨㡰⦐㇠㟝䚌㫴⫼㐡㐐㝘U
䖐⮨㡸⓸⫼⦐㇠㟝䚌㫴⫼㐡㐐㝘U
ⱨᶤ㟨Ɒᶨ㡸㠸㜄⸨Ḵ䚌㫴⫼㐡㐐㝘䝽㜄⛜㛨⡜⫠⮨㋄ㇵ╔㢼㏩⏼␘U
䝽㡸Ɒᶨ㡸⸨Ḵ䚌⏈㇠㟝䚌㫴⫼㐡㐐㝘U
㦤⫠⓸Ạ⪰㠸㜄㉐ⴴ㫴⫼㐡㐐㝘U
㫴㾜
.2
䝽Ḱ◫ⷱ㇠㢨㜄㺐㋀PP
ᴸᷝ㡸▄Ḕ䝽Ḱ㽕⮨㜄㢼⏈
㍌㫵ᴴẠ❄⏈ⷱḰ⏈㺐㋀
PPᴸᷝ㡸▕⏼␘
㠸㜄ᴴẠ⪰㉘㾌䚌⏈ᷱ㟤
㟈䚐㺐㋀ᴸᷝ㡴PP㢹⏼
␘U
㠸㜄䟸☐⪰㉘㾌䚔⚀⏈
☐㜄ἐ㥉═㉘㾌㟈ᶨ㡸ⱬ㢌
䚌╌㛨⛘ᷱ㟤☔䝽Ḱ䟸☐㢌
ᴸᷝ㡴PP≌㛨㚰䚝⏼
␘U

㥐䖼G䂈☐G{
㐑ⷸ䑄䚌␜䀴㢨㏘㢌㙸⣌㯱㜄㠸㾌
UG䞌ᷱ⸨䝬
㥐䖼㡴䔄㤸ὤ㤸㣄㣙⽸:(((␴䚐㡔⤱
㜤䚝㫴㾜(8♤⢰䖐㐐╝⏼␘U
:(((㜄⏈䞌ᷱ㜄⇌㆐ᷤḰ⪰ᴴ㥬㝠㢼⏈
㝘㜰ⵐ㈑Ɒ㫼㣠㇠㟝ᴴ⏙䚐ὤ⸬Ạ㉥䖼㢨
䔠䚜╌㛨㢼㏩⏼␘⯜☔㝘㜰Ɒ㫼㡸㝠ⵈ⦐
㥐ᶤ㷌⫠䚌Ḕ⯜☔㋀㣠⪰⸩Ạ㣠㈑䚌⥘⮨
:(((䏭㍌䚌᷀㷌⫠䚌⏈ᶷ㢨㩅㟈䚝⏼␘U
:(((䞌ᷱⱬ㥐ᴴ╌㫴
㙾⓸⦑䚌⏈⒤㜄⏈
ᵐ㢬㢌㜡䚔㢨㩅㟈䚝⏼␘␘㢀Ḱᵍ㡴ὤ⸬
㾍㡸♤⪨⏈ᶷ㡴䙸㍌㢹⏼␘U
:(((ᴴ㥉㟝䔄ὤⱰ㢨⢰Ḕ㨰㣙䚨㉐⏈╝⏼␘U
㫴ⵝ㣄㾌㷨❄⏈☥⦑═䟀㇠ᴴḴ⫠䚌⏈Ḵ⥜㍌ᶤ㫴㥄㜄
:(((㤸␠䚨㚰䚝⏼␘␴䝉:(((ᷱ㟤⬂㡴ạᴴ㜄㉐
䀠⤽㊌㢨㢼㡸㢼㏩⏼␘U
⬂㡴ạᴴ㜄㉐㥐䖼㡸Ạ㢹䚔⚀⏈⇕㡴㥐䖼㡸
㍌ᶤ㛹㷨㜄
␴㢰ὤ㨴㡰⦐ⱨㇵⵌ䞌䚔㢼㏩⏼␘␘⬀ὤὤᴴ㡔㇠䚐
䝉㢨Ḕㇼ⦐ḩἽ╌⏈㥐䖼Ḱ┍㢰䚐ὤ⏙㡸ᴴ㫸ᷱ㟤㜄䚐䚝⏼␘U
U㉘㾌
㟝G㥐 䖼G㉘ ⏈G㝠 ⦐G䚌 㫴G㙾 ⮨G㥐 S G㣄 ㇤G❄ ⏈G㇠ 㢌G㙼
G㐠ᴵ䚐G㜵䛙㡸G↰㾔GG㢼⏈G⸩㣕䚐G㦤㣅㢹⏼␘UG♤⢰㉐G㤸ⱬᴴG
ᷝ㡸Gᵊ㻌G㇠⣀㢨Gὤ㍔Gἐ㥉㜄G♤⢰G㉘㾌⪰G㍌䚽䚨㚰G䚝⏼␘U
䚐G㨰 㢌G㇠ 㡸Gⱨ ḔGⱨ ᴴG㉘ ⪰G㍌ ⏈Gᷱ SG㥐
⏈G㥐 䖼G❄ ⏈G㣄 㢨G㋄ ☔G㢬 ⮹G䙰 䚨G❄ ⏈G┍ ⱰG䙰 ᴴGⵐ
☔GḴ 㢨G㥐 㢌Gὤ 㤵GḔ 㜄G␴ 䚐G㛨 䚐G㵹 ⓸G㫴 㫴G㙾
⏼␘U
㡸G㥐 䚐G◘ ⏈G㥐 㜄G㋄ 㢨G㛺 㫴G⁡G䞉 U G㋄
G㢼⏈Gᷱ㟤G㋀⬘㛹㷨⇌G㥐㦤㇠㢌GhzG㉐⽸㏘G⺴㉐⦐Gⱬ㢌䚌㐡㐐㝘U
GG㵝╔GGG㢬ἰGGὤ䇴GGᴴẠGXWW¶j㢨ㇵ
㢌GḔ 㡸Gᷠ ♐G㍌G㢼 ⏈G㋀ ⦐G╌ 㛨G㢼 㫴G䞉㢬䚌㐡㐐㝘U
⬀G㙸 ⢰G⯜ ☔G㣙 㐑G⢰ ⪰GḔ ㉥G㥅 ⦐GḔ 㚰G
䚝⏼␘U
㥐䖼㡸GI䖐㨴IG❄⏈GI㍌䓽IG⯜☐㜄㉐G⾀䏬㢬GᴴẠ㜄G㉘㾌䚔GG㢼㏩⏼
␘U
PP
PP
PP
PP


PP


0LQPP
㍌䓽㉘㾌▌⤼
㵬Ḕa
G⇨⺴▌⤼ἐᷝ㡴䖐㨴㉘㾌㝴┍㢰䚝⏼␘U
PPFP


PP


PPFP


㏠⦑G὾㢨G\
㍌䓽㉘㾌▌⤼
㦤⫠␴G▄󰜍⏈GY\¥[\㥉⓸㜠㚰G䚝⏼␘U
䚌␜⺴ᴴ㼜Ἵ❄⏈㷡㋀㣅㛹㡸㠸䚨㢰ⵌ㤵㡰⦐㥅ἰ䚔㢼⏈
㜵㜡Ḱᴴᾀ㟨ᷱ㟤㜄⏈䚌␜⺴㙸⣌㯱㡰⦐PP㫴㥄㜄⺸⫠
㣙㾌⪰㉘㾌䚨㚰䚝⏼␘U
㺐㋀GYW
G㥐䖼㜄GG䖐㐐ᴴG㢼㡰⮨GG㥐䖼Gⷈ㨰㜄G㤵㟝╌⏈G⯜☔G㡔⤱G
㙼㤸SGᵉGⵃG䞌 ᷱG㟈 㡸G㨴㍌䚜㡸G⸨㣙䚌⏈Gᶷ㢹⏼␘U
.2
UG㢰ⵌᷱḔ
㙸⣌㜄㝘⽄㡸㉘㾌䚔⚀⏈⺸⫠㣙㾌⪰㇠㟝䚌㫴⬄Ḕ䚌␜⺴㝴
㝘⽄㇠㢨㢌㺐㋀ᴸᷝ㡸 㢨ㇵ▄㛨㚰䚝⏼␘ ⇽ᴵ╌㫴㙾㡴 PP 
㝘⽄㡸㙸⣌㜄㉘㾌䚌㫴⬄Ḕ 㣄㷨㉘㾌㟈ᶨ㜄♤⢰㝘⽄㡸㉘㾌 
䚨㚰䚝⏼␘U
㺐㋀PP
G㉘㾌
G㠸㾌ᴴG㥉䞉䚐㫴G䞉㢬䚐GG㦤⫠
␴㝴GG㇠㢨㢌G䏼㡸G㐘⫠䂌G㥅㵝㥐
⦐G⮈ UG㏘ ⇌G⽸
Ɒ㜄G㤵㐔G㋄ᴴ⢱㡰⦐G㐘⫠䂌㽩㡸G
ầὤG㤸㜄G䓽䓽䚌᷀G⬀☡⏼␘UGG
㐘⫠䂌㽩㢨G㝸㤸䢼Gᶨ㦤╌ὤG㤸㜄
G䝽㡸G㇠㟝䚌㫴G⫼㐡㐐㝘U
ⵝ㍌ᴴ㏘䁇㢨䝽Ḱ䚜󰜍
ḩ╝⏼␘㉘⮹␴⦐ᴴ㏘
䁇㡸䚌␜㨰ⷴ㜄㣙㵝䚌Ḕ
㫴㫴╌⏈ᴴẠ㜄⌸㍌ᴴ㛺᷀
㝠ⵈ⦐㣙㵝╌㛼⏈㫴䞉㢬䚝
⏼␘U
㥉ㇵ㤵㢬㣙㵝⯜㏩
㚕㉬㉐⫠㨰⭬⏼㜄㉐㣙㵝䆨⫱㡸῰⇨
䚌␜ⵉ㏘㜄䖐㐐═㠸㾌㜄⇌㇠⦐Ḕ㥉
䚝⏼␘⇌㇠⪰㦤㢰䆨⫱㡸⫽㫴
⓸⦑䚨㚰䆨⫱㢨㣄㡔⦡᷀㟴㫵㢨⏈
ㇵ䈐㜠㚰
䝽㡸㤼␜⮨㢌㩅㚍㠸㾌㜄
㢹䚝⏼␘U
䆨⫱㡸─⥘↑ᾀ㫴㦤㢹⏼␘
⾔⪬㣙㵝⯜⒬㜄♤⢰␘⪸
㚕㉬㉐⫠㨰⭬⏼㜄㉐ᵐ㢌㏘䘸⫵㡸
῰⇨Ἤ⫰Ḱᵍ㢨䚌␜ⵉ㏘㜄⇌㇠⦐
㥉䚝⏼␘U
㩅㐠㡸㥉䚌Ḕ䝽㡸ㇱ㢹䚝⏼␘U
㽕⮨㡸⍀⤠㤸㷨▌⤼㨰ⷴ㢨㫴㫴╌
䚝⏼␘U
ꆽ넩껹끸 ꆽ넩껹끸 ꆽ넩껹끸
ꆽ넩껹끸 ꆽ넩껹끸
⤼㢨㙸㟷X
⤼㢨㙸㟷Y
⤼㢨㙸㟷Z
⤼㢨㙸㟷[
⤼㢨㙸㟷\
.2
䚌␜⺴


㤸ὤ㜤ᷤ
:
:
:
:
:
:
:
:
:
:
:
:
:
:
:
:



⤼㢨㙸㟷
⯜⒬㜄♤⢰
 䁐ὤⅸὤ
 
 
 䇴㢨⭬
 㻈ᴴ㦤⫠Ạ㜡䖐㐐☥
 㦤⫠Ạ㜡䘸⦐Ἤ⣌ⵁ䖐㐐ὤ
 ⽀⫳㫴
 㛨⫤㢨⸨䝬㣔Ἴ㣙㾌
 䚨┍
 㦤⫠

TG䀴㢨⽈G䆨⣜䘸GIXI㡸G䖽⏼␘U
TG㽕⮨㜄G㢼⏈GYᵐ㢌G䈡㡸G㵲㏩⏼␘U
TG㢰㣄G☐⢰㢨ⶸG⇔㡸GGGIYI㝴GIZI㢌G㚒㯱㜄G␴ḔG㙼㡰⦐Gⴴ⮤G⌸⪹
⏼␘U
TG䀘ⶸ⪰G⺸⫠䚝⏼␘U
ḩἽ䂈☐䖴ὤ
TG㤸 㠄Gḩ ἽG䂈 㢌G⓸ 㝴G㊌ 䏬Gⵈ ᴴG☘ 㛨G㢼 ⏈G䉤 ≄G⽈ 㡸GḔ
G⇌㇠⪰G㥐ᶤ䚝⏼␘U
TG㤸㠄GḩἽG䂈☐⪰G῰⇹⏼␘U
㜤ᷤ㡸㠸䚨㍌䚽䚨㚰㣅㛹
䖐㢌Ề㣙㇠䚡㜄♤⢰㤸㠄ḩἽ䀴㢨⽈㡸㉔䈑䚝⏼␘U
㤸㠄ḩἽ䀴㢨⽈㡸䆨⣜䘸㙼㡰⦐䋩Ḱ㐐䇩⏼␘U
䉤⴬≄⽈⦑㜄㜤ᷤ䚌ὤ㠸䚨䙸㟈䚐䂈☐Ὤ㢨⪰Ḕ⥘䚌⮨
㤸㠄ḩἽ䂈☐㢌⓸㷨↑㡸XWὬ㢨㜄㉐ⷋή⏼␘U
㉘㾌㜄♤⢰ⶼ㬬㣅㛹㜄㉐㠄㠸㾌䚼㛨㚰㊌䏬ⵈ⪰
㟝䚌㜠㵜䏬㢌Ἤ⫰Ḱᵍ㢨⓸㷨⪰Ḕ㥉䚝⏼␘U
䀘ⶸ⪰Ḕ㥉䚝⏼␘U
䀴㢨⽈
䆨⣜䘸⪰㦤㢹⏼␘U
㵬Ḕ␜㣄䚜⇌㇠ᴴ␜␜䢼㦤㜴⏈㫴䞉㢬䚝⏼␘U
.2
㉘㾌㐐㜄⏈䖐㨴Ḱ㫴㾜㡸ⵌ☐㐐㨴㍌䚨㚰䚝⏼␘⺴㤵䚝䚌ᶤ⇌
⺼䚝⫠㇠㟝㡰㢬䚨ⵐ㈑䚔㢼⏈䙰䚨㜄␴䚨㥐㦤㇠㵹㢸㡸
㏩⏼␘U
ᷱḔ㥐䖼㡸㥅㫴㜄㜤ᷤ䚌㫴㙾ᶤ⇌㜤㋁㉥㢨㛺⏈㥅㫴㜄㜤ᷤ䚌
㇠㟝䚌⏈┍㙼ⵐ㈑䚔㢼⏈㇠Ḕ⇌ᷤḰ㜄␴䚨㥐㦤㇠⏈㵹㢸㡸
㫴㫴㙾㏩⏼␘U
㤸ὤ㣅┍㤸㜄⏈㤸ὤ᷸⣽ὤ㜄䖐㐐═㤸㠄䊁㊌䟀⦐㵜␜ὤ㦤㤼
㥅㫴㝴㉘㾌㥐䖼㜤ᷤ㢌㜤㋁㉥䘜㪼ᴴ㤵㤼䚐㫴㜠⺴☥㡸㥄ᶴ
䚌㐡㐐㝘U
㉘㾌㥐䖼㜄␴䚐㤸ὤ㜤ᷤ㡴㥐䖼㢌㥉ᷝ㤸⥙㜄
♤⢰㐘㐐䚨㚰䚝⏼
㢨⚀⏈㝨⏼䔨⢰䀫㙸㟷㏘㠸㾌⪰㇠㟝䚨㚰䚝⏼␘U
㥐䖼㜄㋀䁇㙸㟬⥏㢨㢼␘⮨㋀䁇㙸㟬⥏㜄㥅ἰ䚔㢼᷀㉘㾌䚨㚰
䚝⏼␘U
㤸㠄ḩἽ䀴㢨⽈㢌㜤▄ㇽ㝴㢨㛨⪰㤸㠄ḩἽ㣙㾌㝴㥐䖼␜㣄⯜▄
㥅㫴㜄㜤ᷤ䚨㚰䚝⏼␘U
㤸㠄ḩἽ䂈☐㝴Ḵ⥜═㫼ⱬ㢨㢼㡰⮨hz㉐⽸㏘❄⏈㣄ᷝ㢼⏈
㍔㣄㜄᷀ⱬ㢌䚌㐡㐐㝘U
䝽㜄㤸㠄ḩἽ䂈☐ᴴ⺴㵝═
ᷱ㟤㜄⏈ㇵḰ㩅⫱㇠㢨㜄㉐YYWT
Y[W}㢌㤸㠄ḩἽ㣙㾌㜄⬀㜤ᷤ䚨㚰䚝⏼␘U
Ἤ⤠⇌䝽㡸␘㢀㜄㜤ᷤ䚌⏈ᶷ⓸ᴴ⏙䚝⏼␘U
ZㇵGYYWTY[WG}Z
G ZㇵGZ_WT[X\G}YuG
㜤ᷤ㡸㫸䚽䚌⥘⮨㙸⣌㫴㾜㡸㵬㦤䚌㐡㐐㝘U
㜤ᷤ䚌ὤ㤸㜄㤵㤼䚐䘜㪼㜄㢌䚨㉘㾌ᴴ⸨䝬╌⏈㫴Ἤ⫠
㥐䖼㜄㥉ㇵ㤵㡰⦐㤸㠄㡸ḩἽ䚔㢼⓸⦑␜⮨㢨㻝⺸䢼
㝴㢨㛨ᴴ㣙㵝╌㛼⏈㫴䞉㢬䚝⏼␘U
␘㢀㍐㉐␴⦐䀘ⶸ⪰㜱⏼␘U
㜤ᷤ㡸㠸䚨㍌䚽䚨㣅㛹
䖐㢌Ề㣙㇠䚡㜄♤⢰㤸㠄ḩἽ䀴㢨⽈㡸㉔䈑䚝⏼␘U
㤸㠄ḩἽ䀴㢨⽈㡸䆨⣜䘸㙼㡰⦐䋩Ḱ㐐䇩⏼␘U
䉤⴬≄⽈⦑㜄㜤ᷤ䚌ὤ㠸䚨䙸㟈䚐䂈☐Ὤ㢨⪰Ḕ⥘䚌⮨
㤸㠄ḩἽ䂈☐㢌⓸㷨↑㡸XWὬ㢨㜄㉐ⷋή⏼␘U
㉘㾌㜄♤⢰ⶼ㬬㣅㛹㜄㉐㠄㠸㾌䚼㛨㚰㊌䏬ⵈ⪰
㟝䚌㜠㵜䏬㢌Ἤ⫰Ḱᵍ㢨⓸㷨⪰Ḕ㥉䚝⏼␘U
䀘ⶸ⪰Ḕ㥉䚝⏼␘U
䀴㢨⽈
䆨⣜䘸⪰㦤㢹⏼␘U
㨰㢌㇠䚡
㤸㠄ḩἽ䂈☐⪰Ẅ㷨䚨㚰䚌⏈ᷱ㟤㜄⏈␘㢀䂈☐㜄♤⢰㝴㢨
㛨⪰㜤ᷤ䚝⏼␘U
䑀⢴ㇽ
ᴼㇽ
㜤▄ㇽ
㩅⫱
㤸ὤ䢄⪸
㥅㫴
㊌䏬
wGdGㇵOwPGGGGuGdG㩅⫱OuPGGGG{GdG㥅㫴OlP
⤼㢨㙸㟷
IXSZS\I
⤼㢨㙸㟷
IYS[I
␜ㇵG❄⏈GYㇵGYYWTY[W}G¥
䀴㢨⽈G
ov\}Y}Ym
䀴㢨⽈G
ov\}Y}Ym
䀴㢨⽈G
ov\}Y}Ym
Y
ZYS\G
Y
Z[G
Y
[XS\G
Y
[XS\G
Y
[XS\G
Y
[XS\G
ZㇵGYYWTY[WG}Z¥
ZㇵGZ_WT[X\G}Yu¥
䉤⴬≄⽈⦑㢌␜㣄㜄㜤ᷤ
␜ㇵGYYWTY[WG}¥
ZㇵGYYWTY[WG}Z¥
YㇵGYYWTY[WG}Y¥
ZㇵGZ_WT[X\G}Yu¥
]
]UG㇠㟝
ᴴ㜨Ạ㜡䁐ὤⅸὤ
ᴴ㜨ὤ⪰G䁐⥘⮨G㤸㠄G䇘⪰GWU[㸼G┍㙼G䉤㾌䚝⏼␘UGGⶸ㤴G㢀㢨G
⫠ḔGIWIGᵆ㢨Gᴴ㜨ὤGẠ㜡㜄G⇌䇴⇌⮨㉐G㤸⥙G⤼ⷜ㢨G䖐㐐╝⏼␘U
XPG㦤⫠G␜᷸ᴴGWG㠸㾌㜄G㢼㡰⮨GG♈㏘䙀⤼㢨⏈GXWG䟸㜄G㣄┍㡰
G῰㫴ḔGẠ㜡㢨G῰㫴⏈G㋀⫠ᴴG⇝⏼␘U
YP G䁐 㥬G㢼 ⬀G㤸 㡴GW 㢬G♈ 㜄G㣈 㜨G䖐 ᴴG㢼 ⮨GIW I 㢨G
ⵈ⅀⏈Gᶷ㢨G⸨㢹⏼␘U
ZPG㣔ἼGὤ⏙㢨G㉘㥉╌㛨G㢼㡰⮨GẠ㜡㡸G䁘G㍌G㛺㏩⏼␘U
ᴴ㜨ὤ⪰Gⅸ⥘⮨Gᴴ㜨ὤGẠ㜡㡸GX¥Y㸼G┍㙼G䉤㾌䚝⏼␘UG㬛㡴Gⶸ㤴G
㢨G㉬GⶼG㟬⫠⮤SG㣈㜨㢨G㢼㡰⮨G␴ㇵGẠ㜡G♈㫴䏬㜄GIoIGᵆ㢨G
╌ᶤ⇌G㙸ⱨG䖐㐐⓸G⇌䇴⇌㫴G㙾㏩⏼␘UGẠ㜡㢨G῰㬅⏼␘U
\䝽G㦤⫠GὤẠ㜄G␴䚐G㦤㛬
끥ꯍ뼑븽덽넍눥ꍡ韥霡ꌱꩡ끞뼍鱉阸냵뿾넩뜑隕넍ꫦ鱚냹
ꗑ샍뼍鵹ꈒ꫙뇊뼍鱉鴥닆끉뼞鱽鲙
q
ⵌ☐㟤㍌䖼㫼㦤⫠Ạ⪰㤸䢼䓽䚌῰㟨␙㜄
㢨⤤㦹⪌㢌㦤⫠ὤẠ⪰㇠㟝䚌⮨⡜ᶤ㟨㫴㥄㢨㈑ὤ㫴
㟈⫠ᴴ␠⢰⻍⏈㢰㢨㛺㏩⏼␘▄῰㟨Ἴ㋁⇸⽸㝴䑠㡴㜨㡸
Ḕ⨜⺸㇤䚝⏼␘U
q 䑠㜄㚕㷨⪰㵸㟤ᶤ⇌
⇸⽸❄⏈䑠㢌ⵈ␙㜄Ɒὤᴴ㛺⏈㫴䞉㢬
㣙Ḕ㜄⸨Ḵ䚼⒌㚕㷨⪰㇠㟝䚔⚀⏈ⵈ␙㢨㝸㤸䢼⬄⢰㢼⏈㫴
㢬䚐␘㢀䝽㜄㝠⥘⋇㙸㚰䚝⏼␘Ἤ⤠⮨䝽㜄㛰⨝㢨㈑ὤ⏈ᶷ㡸
ⵝ㫴䚔㢼㏩⏼␘U
q 䑠㢌䆠ὤᴴ
㫵ᷱ㢨㡔␏㡸㝸㤸䢼䆠ὤ㢌㇠㟝
ᴴ㜨⮨㤵⸨␘䀘㚰䚝⏼␘ᴴ㜨⮨㤵⸨␘㚱ᴸ≇㡰⮨㜄∼㫴
䟜㡜㢨㺐␴ᴴ╝⏼␘U
㦤⫠
␘㢀㥉⸨⏈ⵈ⣀㫵䚐㉥⏙㡸ⵐ䡌䚌⏈㦤⫠ὤẠ⪰
㉔䈑䚌⏈㡔㟝䚝⏼␘U
㏘䊀㢬⫠㏘䐬
⬘㟤Ề㣙㈀☐㠸㾌䆨⣌☐ⵈ␙㢬ᷱ㟤䏭䢼㦿㏩
⏼␘㈀☐㠸㾌ⵈ␙㡴㏘䊀㢬⫠㏘㏘䐬㢌㢨㥄㞬Ḵ⇨Ạ㉥㙼㥉
㚀⨜⴬⎸❄⏈Ạ⫠㢌㣙㥄㤸⓸㡜ἔ☥䚐⺸㇤ᷤ䚝䚝
⏼␘U
㚀⨜⴬⎸
Ḕ㩅⣽Ề㣙㤸⓸㉥㢨⠤㛨⇝⏼␘㠸㜄⇜㡴㚀⨜⴬
㣈㜠Ɒ㢨䢔㬅㷌⤰⸨㢰⚀⓸㢼㫴⬀㪽㐐␚㡰⮨㥐ᶤ䚔㢼㏩
⏼␘U
㚻㡴㚀⨜⴬⎸㡴⊭⏈㥄㢨⇢㡰⳴⦐㇠㟝䚌㫴⫼㐡㐐㝘U
㨰㷔
㇠㟝ᴴ⏙䚌㫴⬀Ề㣙䚌㫴㙾㢀㉥⏙㢨㦿㫴㙾㏩⏼␘䖐⮨㜄
䢔㬅㡸⇜Ὤ㢼㏩⏼␘U
Ạ⫠㏘䋘㠜㛨
Ḕ㩅⣽Ề㣙㉥⏙㡴㦿㫴⬀Ạ⫠⏈䢔㬅㷌⤰
㢨⏈㣈㜠Ɒ㡸⇜Ὤ㢼㏩⏼␘㣈㜠Ɒ㡴䝼㡸ᾜ↋㢨㷡㋀䚌㜠
ᶤ䚔㢼㏩⏼␘Ἤ⤠⇌㢨⤠䚐⇸⽸⏈⇨㟝Ɒ㢨㛺⏈ㇵ䈐⦐ᴴ㜨
䚌⮨╝⏼␘Ḱ㜨═Ἴ㋁㢨㡔⫠䝽㜄␠⢰⻍㡸㢼㏩⏼␘Ḱ㜨
Ạ⫠⇸⽸⏈㣈㜠Ɒ㡸⇜ᷜ䝽㜄㜵Ạ㤵㢬㛰⨝㢨㈑ὤ᷀╝⏼␘U
㣄ὤ⇌⮐
ⵈ␙㢨㚻Ḕ⺴☐⤠㟤⮤䓽䓽䚐ᷱ㟤㜄⬀㦿㡴㉥⏙㡸
ⵐ䡌䚝⏼␘U
㡔⫠㉬⢰
Ề㣙䚌㫴㙾㢀㉥⏙㢨㦿㫴㙾㏩⏼␘䖐⮨㜄䢔㬅㡸
㢼㏩⏼␘U
.2
㤸⥙G⤼ⷜG⋆㢨ὤV⇢㻈ὤ
NRNG❄⏈GNTNG䇘⪰G㬛᷀G⍀⤠G㉔䈑䚐GẠ㜡G♈㫴䏬㢌G㤸⥙㡸G⋆㢨ᶤ⇌G
GG㢼㏩⏼␘UGWTXTYTZUUU`Tw
XUGRG❄⏈GTG䇘⪰GὬ᷀G⌸⪨⮨G㤸⥙G⤼ⷜ㢨G᷸㋁G⋆㙸㫴ᶤ⇌G⇢㙸㬅⏼
␘UG⾔⪨᷀G⋆㢨⏈Gᷱ㟤G㤸⥙㡴G⤼ⷜG`㜄㉐G⭼㻈⮤SGG⋆㡴G⤼ⷜ⦐G
⥘⮨GRG䇘⪰G㻈ᴴ⦐G㬛᷀G⍀⤠㚰G䚝⏼␘UG⾔⪨᷀G⋆㢨ὤV⇢㻈ὤ㜄㉐
Gⶸ㤴G㢀㢨G㟬⫠㫴G㙾㏩⏼␘U
YUGwG㤸⥙G⤼ⷜ㜄G⓸␠䚼㡸G⚀⏈GRG䇘⪰G␘㐐GGG⍀⤠⓸G㤸⥙G⤼ⷜ㢨G
W㡰⦐Gⵈ⅀㫴G㙾㏩⏼␘UGWG㤸⥙G⤼ⷜ㜄G⓸␠䚼㡸G⚀⏈GTG䇘⪰G␘㐐GG
G⍀⤠⓸G㤸⥙G⤼ⷜ㢨Gw⦐Gⵈ⅀㫴G㙾㏩⏼␘U
Z U GW G㤸 ⥙G⤼ ㉐G㛨 ⛘GẠ 㢨G䁐 㫸Gᷱ 㟤G䚨 ␭GẠ 㢨G⡜ ⮨GW㢨G
␴㐔Gᾐⵉᶤ⫱⏼␘UGXWG䟸㜄⏈GW㢨G㇠⢰㫴ḔGNoNᴴG♈㏘䙀⤼㢨㜄G
᷸㋁G䖐㐐╝⏼␘U
NRNG❄⏈GNTNG䇘⪰G㬛᷀G⍀⤠G㉔䈑䚐GẠ㜡G♈㫴䏬㢌G㤸⥙㡸G⋆㢨ᶤ⇌G
㻐G㍌G㢼㏩⏼␘UGWTXTYTZUUU`Tw
XUGRG❄⏈GTG䇘⪰GὬ᷀G⌸⪨⮨G㤸⥙G⤼ⷜ㢨G᷸㋁G⋆㙸㫴ᶤ⇌G⇢㙸㬅⏼
U G⾔ ᷀G⋆ ⏈Gᷱ 㟤G㤸 㡴G⤼ ⷜG` ㉐G⭼ S G⒈G⋆ 㡴G⤼ ⦐Gᴴ
⥘⮨GRG䇘⪰G㻈ᴴ⦐G㬛᷀G⍀⤠㚰G䚝⏼␘UG⾔⪨᷀G⋆㢨ὤV⇢㻈ὤ㜄㉐
Gⶸ㤴G㢀㢨G㟬⫠㫴G㙾㏩⏼␘U
YUGwG㤸⥙G⤼ⷜ㜄G⓸␠䚼㡸G⚀⏈GRG䇘⪰G␘㐐G䚐GⶼG⍀ ⓸G㤸 ⥙G⤼ 㢨G
W㡰⦐Gⵈ⅀㫴G㙾㏩⏼␘UGWG㤸⥙G⤼ⷜ㜄G⓸␠䚼㡸G⚀⏈GTG䇘⪰G㐐G䚐G
G⍀⤠⓸G㤸⥙G⤼ⷜ㢨Gw⦐Gⵈ⅀㫴G㙾㏩⏼␘U
Z U GW G㤸 ⥙G⤼ ㉐G㛨 ⛘GẠ 㢨G䁐 㫸Gᷱ 㟤G䚨 ␭GẠ 㢨G⡜ ⮨GW㢨G
㐔Gᾐ UGX W 㸼G䟸 ⏈GW 㢨G㇠ ḔGN o NᴴG♈ 㜄G
᷸㋁G䖐㐐╝⏼␘U
[UGᴴ㜨ὤᴴG㉔䈑═Gㇵ䈐㜄㉐GNRNG䇘㝴GNTNG䇘⪰G┍㐐㜄G⌸⪨⮨G㤸⥙G
ⷜ㡴GNWN㢨G╌㫴⬀Gᴴ㜨ὤ⏈GXW㸼G┍㙼G㉔䈑═Gㇵ䈐⦐G㡔㫴╝⏼␘UG
㉐Gⵌ 㢨G㛺 ⮨G䇴 ᴴG῰ ᷀G╝ UG㢨G┍ 㡴G䉤 㾌G㥐
㾌GẠ 㜄G♤ ⢰G㜠 ⤠Gᴴ 㫴Gᷱ 㜄G⇌ ⇔G㍌G㢼㏩⏼␘UG␘㢀G㜼⏈G
⸨G㥐 㡸G㠸 䚐Gᶷ U Gᵐ 㤵Gᷱ 㡸G䋔 ⦐G㢨G㉘ 㡸G㼜
㢨⇌G㏩㉥㜄G⬒᷀G㦤㥉䚌㐐ὤGⵈ⣁⏼␘U
XPG㦤⫠G␜᷸ᴴGWG㠸㾌㜄G㢼㡰⮨GG♈㏘䙀⤼㢨⏈GXW㸼G䟸㜄G㣄┍㡰
G῰㫴ḔGẠ㜡㢨G῰㫴⏈G㋀⫠ᴴG⇝⏼␘U
YPG῰㥬G㢼⏈G♈㏘䙀⤼㢨㜄G㣈㜨G䖐㐐ᴴG㢼㡰⮨GIoIᴴG䖐㐐╝⏼␘U
ZPG㣔ἼGὤ⏙㢨G㉘㥉╌㛨G㢼㛨⓸GẠ㜡㡸GↀG㍌G㢼㏩⏼␘U
[PGᴴ㜨ὤᴴG䚌⇌⬀G㣅┍╌ḔGGᴴ㜨ὤᴴG῰㫴⮨G㬛㡴Gⶸ㤴G㢀㢨GG
G㟬⥘G㤸㷨G㦤⫠␴ᴴG῰㦀㢀㡸G⇌䇴⇹⏼␘U
㛨⫤㢨G⸨䝬G㣔Ἴ㣙㾌GG
㢨G┍ 㡴G㣔 ἼG䇘 ⪰G䉤 㡸G⚀G㢨⨜㛨㬅⏼␘U
⤤G␘ 㢀G㛨 ⏄G⚀ ☔G䇘 ⪰G䉤 ⮨G♈ ⏈GY 㸼G┍ 㙼GN s N㢨G
䖐㐐╌ḔGᴴ㜨㡴G┍㢰䚐Gㇵ䈐⦐G㡔㫴╝⏼␘U
㛨⫤㢨G⸨䝬G㣔Ἴ㣙㾌⪰G䚨㥐䚌⥘⮨G㚒㜄㉐G㉘⮹䚐GḰ㥉㡸GἬ␴⦐G
㍌䚽䚌㐡㐐㝘UGἬ⤠⮨G㬛㡴Gⶸ㤴G㢀㢨G㟬⫠ḔG♈㏘䙀⤼㢨㜄⏈GNN㢨G
䖐㐐╝⏼␘UG䝽㢨G㣔ἼG䚨㥐═Gㇵ䈐⦐G㡔㫴╝⏼␘U
a G㣄 ┍G㛨 㢨G⸨ 䝬G㣔 㡴G䝽 㡸G㝸 䢼GⅼG◘GX \⺸G┍ 㙼G㫴
U G㢨Gὤ 㡴G㣄 ⦐G㐘 ⬀GἬG㤸 㜄G䘸 㡸G䚨 㚰G䚝
⏼␘UG㇠㟝㣄G㉘㥉G␜㠄㡸G㵬㦤䚌㐡㐐㝘U
⽀⫳㫴⏈GGᴴ㜨ὤᴴG⯜▄G῰㥬G㢼㡸G⚀⬀G䞐㉥䞈䚔GG㢼㏩⏼␘UG
㢌G䚐G䢼 ⪰G㉔ 䚐Gㇵ䈐㜄㉐G⽀⫳㫴Gὤ⏙㡸G䞐㉥䞈䚌⥘⮨G
⫳㫴G䇘⪰G䉤㾌䚝⏼␘UG
G
ⶸ㤴G㢀㢨G㟬⫠ḔSGẠ㜡㢨G䞐㉥䞈╌㛨G㢼㡰⮨GẠ㜡GslkᴴG䁐㬅⏼␘U
G⽀⫳㫴Gᴴ㜨ὤᴴG┍㐐㜄G㉔䈑╝⏼␘U
ᴴ㜨ὤ⪰G㉔䈑䚐Gㇵ䈐㜄㉐G㤸⥙G⤼ⷜ㢨G㠄䚌⏈G㥉⓸ᴴG㙸⏼⮨GRVTG
䇘⦐G㦤㤼䚝⏼␘U
▄G⽀ 㫴Gᴴ ὤG♈ 㜄G┍ 䚐G㤸 ⥙G⤼ 㢨G䖐 U G␘
Gᷱ㟤㜄⏈G⽀⫳㫴Gὤ⏙㢨G῰㬅⏼␘U
TG㉘㥉G⯜☐㜄㉐G⽀⫳㫴G䇘⪰G䉤㾌䚐Gᷱ㟤
TG㇠㟝㣄ᴴG㤸⥙G⤼ⷜGIWI㡸G㉔䈑䚐Gᷱ㟤UG
㢨㩅G䞉㣙G⫵㡸G䁐⥘⮨G㢨㝴GḴ⥜═G⮈㢬GẠ㜡㢨G㢨⴬G䁐㥬G㢼ḔGW⸨␘G
⋆㡴G㤸⥙G⤼ⷜ㢨G䖐㐐╌㛨G㢼㛨㚰G䚝⏼␘U
_UXTG㢨㩅GẠ㜡G䁐㬄
䞉㣙G䇘⪰G㷌㢀G㬛᷀G⌸⪨⮨G䞉㣙G⫵㢨G䁐㬅⏼␘UG䞉㣙G⫵㢨G䁐㫴⮨G
㣙G䇘G㠸 㢌Gs l k ᴴG䁐㬅⏼␘U
㣙G䇘 ⪰G▄Gⶼ 㬬G㬛 ᷀G⌸ ⮨G䞉 㣙G⫵ 㢨G῰ ␘G G U G䞉 㣙G䇘 ⪰G
⌸⪰G⚀⫼␘G㬛㡴Gⶸ㤴G㢀㢨G㟬⫱⏼␘U
_UYTGZ㩅GẠ㜡G䁐㬄
䞉㣙G䇘⪰G㷌㢀G㬛᷀G⌸⪨⮨GGⶼ㬬G䞉㣙G⫵㢨G䁐㬅⏼␘UGGⶼ㬬G䞉㣙G
⫵㢨G䁐㫴⮨G䞉㣙GG㠸㢌GXⶼGslkᴴG䁐㬅⏼␘OZ㩅GẠ㜡㢌Gᷱ㟤㜄⏈G
㞰㯱GslkSG㢨㩅GẠ㜡㢌Gᷱ㟤㜄⏈Gᴴ㟨⒤G㢼⏈G䚌⇌㢌GslkPU
㣙G䇘 ⪰G▄Gⶼ 㬬G㬛 ᷀G⌸ ⮨G▄Gⶼ 㬬G䞉 㣙G⫵ 㢨G䁐㬅⏼␘UGGⶼ㬬㝴G
Gⶼ㬬G䞉㣙G⫵㢨G䁐㫴⮨G䞉㣙GG㠸㢌GGslkᴴG䁐㬅⏼␘U
㣙G䇘⪰G㉬Gⶼ㬬G㬛᷀G⌸⮨G㷟Gⶼ㝴G▄Gⶼ㬬G䞉㣙G⫵㢨G῰␘UGG
䞉㣙G䇘⪰G⌸⪰G⚀⫼␘G㬛㡴Gⶸ㤴G㢀㢨G㟬⫱⏼␘U
㩅VZ㩅GẠ㜡
⽀⫳㫴Gὤ⏙
䚨┍Gὤ⏙
ᴴ㜨ὤ⪰G㉔䈑䚐G䟸G䚨 ┍Gὤ 㡸G䞐㉥䞈䚌⏈Gⵝⷉ
T G䚨 ┍G䇘G㉔ 䈑G
㉔䈑㢀㢨G㟬⫠ḔGᴴ㜨ὤG♈㏘䙀⤼㢨㜄⏈GI|IG䖐㐐╌⮤Gᴴ㜨ὤ⏈G
⥙G⤼ ⷜGI Y I ㉐G㣅
ᴴ㜨ὤᴴG㉔䈑═Gㇵ䈐㜄㉐G␘㢀㢌Gᷱ㟤㜄⏈G䚨┍Gὤ⏙㢨G㦹⨀╜
T Gᴴ ⪰GⅼGᷱ
TG␘⪬G㤸⥙G⤼ⷜ㡸G㉔䈑䚐Gᷱ㟤
.2
≌㾜Gⵝ㫴
⇌G㚕 ᴴG㸼G㢨 ㇵG㙸 ⱨG䇘 ⇌G⌸ ḔG㢼 ⏈Gᷱ S G䇘 ᴴG⍀ ⫤G
㙼G㬛 㡴Gⶸ 㤴G㢀 㢨G▄GⶼG㟬 ḔGὨGⶸ 㤴G㢀 㢨G㸼⫼␘GGⶼ㙝G㟬⫱
⏼␘UG㦤⫠␴ᴴG῰㬅⏼␘UGⱬ㥐ᴴG䚨ᷤ╔G⚀ᾀ㫴㢨Gὤ ⏈G᷸ ㋁G
ᾐⵉ㢹⏼␘U
㦤⫠Gὤ⏙
ᴴ㜨ὤ⪰G㉔䈑䚐GG㦤⫠Gὤ⏙㡸G䞐㉥䞈䚌⏈Gⵝⷉ
T G㦤 ⫠G䇘G㉔ 䈑G G
㉔䈑㢀㢨G㟬⫠ḔGᴴ㜨ὤG♈㏘䙀⤼㢨㜄⏈GˈwˉᴴG䖐㐐╜
ᴴ㜨ὤ⏈G㺐␴G㤸⥙G⤼ⷜ㜄㉐GXW⺸G┍㙼G㣅┍䚜GXW⺸㢨G㫴⇌⮨G㋀⫠
G⇌ḔGᴴ㜨ὤ⏈G⤼ⷜGI`I⦐G─㙸ᵄ
䇴㢨⭬
䇴㢨⭬⪰G䞐㉥䞈䚌⥘⮨Gᴴ㜨ὤ⪰G㉔䈑䚌ḔGI ␘G䆤G㤸 ⥙G⤼ 㡸G
㉘㥉䚨㚰G䚝⏼␘U
Gᴴ㫴G㝩㊌a
XXUX
G䉤㾌G㥐㛨㣙㾌㜄⏈G㣄㷨G䇴㢨⭬G♈㏘䙀⤼㢨ᴴG㢼㏩⏼␘O㠸G
⫰G㵬 P U
㡸G㉘ 䚔GẠ 㡸G㉔ UGẠ 㢌G㤸 ⥙G⤼ 㡸GW ␘G䆤G⤼
ⷜ⦐G㉘㥉䚝⏼␘UG㐐ᴸG㉘㥉GẠ㜡㜄G㥉㫴Gㇵ䈐㢌GGGGGGὤ䝬ᴴG䖐㐐╝
⏼␘UGIWGWI㡴G䇴㢨⭬㟝G㍟㣄㢹⏼␘U
XP
GIRIG❄⏈GITIG䇘⪰G㇠㟝䚌㜠G䇴㢨⭬G㐐ᴸ㡸G㉔䈑䚔GG㢼㏩⏼␘UG
ᴸ㡸Gⷴᷱ䚔G⚀⏈Gⶸ㤴G㢀㢨G㟬⫠㫴G㙾㏩⏼␘U
YP
G䇴㢨⭬GIRVTIG䇘⪰G┍㐐㜄G⌸⪨⮨G䇴㢨⭬ᴴG㼜㋀╝⏼␘OWW㢨G╜PU
ZP
G{ikG㐐ᴸGG䇴㢨GIRIG❄⏈GITIGG᷸㋁G⌸⪨ḔG㡰⮨GG
㉘㥉㢨G㢨⨜㛨㬅⏼␘U
[P
G䇴㢨⭬G㐐ᴸ㡸G㉘㥉䚔G⚀⏈GITIG䇘⪰G㇠㟝䚌㜠GIWWI㜄㉐GI``Iᾀ㫴SG
I R I G䇘 ⪰G㇠ 㜠GI ` ` I ㉐GI W W I 㫴G㢨 䚔G㍌G㢼㏩⏼␘U
\P
G㺐␴G㐐ᴸ㡴G``⺸㢹⏼␘U
]P
G㉘ ═G㐐 㢨Gᷱ ḔG䝽 ㉐Gⶸ 㤴G㢀 㢨G㟬 ⫨G⚀G㙸 ⱨG䇘 ⇌G⌸
G♈㫴䏬G㐐䄴㏘ᴴG㦹⨀╝⏼␘U
^P
G䇴 ᴴG㢨 ⴬G㐘 ⏈G┍ ⓸G䇴 ⭬G㐐 㡸G㦤 䚔G㍌G㢼
⏼␘U
_P
G㐐 ᴸG㉘ ═GẠ 㢌G㤸 ⥙G⤼ 㡸G㍌ 䚔G㍌G㢼 ⮤G䇴 ⭬G䘸
⣌ⵁ㜄⏈G㜵䛙㡸G⴬㾌㫴G㙾㏩⏼␘U
`P
G⫼ ⫽G⺸ 㡴G㸼G␜ ⦐G䖐 ╝⏼␘Oⷴ㍌㢬Gᷱ㟤㜄⏈G㾨㟨䏬G␘㟨
㢌G⫼ ⫽G⺸G┍ 㙼G䇴 ⭬G䘸 㡸G㢹 ⏈Gᷱ ⬀G⸰G㍌G㢼
㢀PU
XWP
GẠ㜡㡸G㉔䈑䚌㫴G㙾ḔG㙸ⱨGẠ㜡㜄⓸G㐐ᴸ㡸G㉘㥉䚌㫴G㙾㡴Gㇵ䈐
㜄㉐G䇴㢨⭬G䇘⪰G⌸⪨⮨G㙸ⱨG㣅┍⓸G㢨⨜㛨㫴㫴G㙾㏩⏼␘U
XXP
GẠ㜡㡸G㉔䈑䚌ḔG㜠⤠GẠ㜡㜄G㐐ᴸ㡸G㉘㥉䚐Gㇵ䈐㜄㉐G䇴㢨⭬G
G⌸⪨⮨G㐐ᴸG♈㫴䏬㜄G䖐㐐═G㐐ᴸ㢨G㵜⥴␴⦐Gⵈ⅀⮨㉐G㤸⥙G
㏘䙀⤼㢨㜄G㋀㍌㥄㢨G㢼⏈G㐐ᴸ㡸G䖐㐐䚝⏼␘U
XYP
G㙸⏼⮨G㐐ᴸ㢨G㉘㥉═GẠ㜡㜄G㤸⥙O\PGGOWU\PᴴG䖐㐐╝⏼␘U
⇌⭬㫴G㐐ᴸ㡴G䇴㢨⭬⪰G㠸䚨G㜼㚱═G♈㫴䏬㜄G䖐㐐╝⏼␘UG㜠⤠G
㜡㜄G㐐ᴸ㡸G㉘㥉䚐Gᷱ㟤㜄⏈Gᴴ㣙G㤵᷀G⇜㡴G㐐ᴸ㢨G䖐㐐╌ḔG䚨␭G
Ạ㜡㜄G㋀㍌㥄㢨G䖐㐐╝⏼␘U
㜨G䖐㐐ὤOⷴ䝉Gᴴ㜨ὤGTeG᷸㇤╜P
I I G䖐 ⓸G┍ 䚐G䖐 ⪰G㇠ 䚔G㍌G㢼㏩⏼␘UG␘㢀G⯝㤵㡰
⦐G㐐 ᴸG䊀 㡸G㥉 㚰G䚝 U G㣈 㜨G㐐 d GO ⥙G⤼ S G㣅 ┍G㐐
ᴸPU
㦤⫠␴G㡔⫠G䖐⮨G㝜⓸ᴴG]\ jO㢨⦔ㇵGᵆPG㢨ㇵ㢨G╌⮨G䚨␭G♈㏘䙀
⤼㢨㜄㉐GIoI⪰G㇠㟝䚌㜠GG㦤ᶨ㢨G䖐㐐╝⏼␘U
]\ jG㢨ㇵ㢌G㝜⓸⪰G⬀☘⥘⮨Gᴴ㜨G㟈㋀ᴴG㢰㥉G㐐ᴸG┍㙼G㣅┍䚨㚰G
UG㢨G㐐 㡴G㤸 ⥙G⤼ 㜄G♤ ⢰G␠ UG㢨G㐐 㢨Gᷱ
Gᴴ㜨G㟈㋀ᴴG῰㫼GG㣈㜨GᷱḔᴴG䖐㐐╝⏼␘U
㣄┍G㙼㤸㣙㾌G῰㬄
㇠㤸G㉘㥉䚐G㐐ᴸG┍㙼G㤸⥙G⤼ⷜ㢨Gⷴᷱ╌㫴G㙾㡰⮨G䚨␭Gᴴ㜨ὤ⏈G
㣄┍㡰⦐G῰㬅⏼␘U
ᴴG䁐 㥬G㢼 㡸G㍌G㢼 ⏈G㺐 ␴G㐐 㡴G㉔ 䚐G㦤 ⫠G⤼ 㜄G♤ ⢰G␠
⢰㬅⏼␘U
㤸⥙⤼ⷜ
㺐␴G䁐㬄G㐐ᴸG
O␜㠸aG㐐ᴸP

㵬Ḕa
G㺐 ␴G㤸 ⥙G⤼ ⷜG㣅 ┍G㩅 㜄GḰ 㜨Gㇵ 㢨Gⵐ ᷀G╌ ⮨G䝽G䀜
G㤸⥙G⤼ⷜ㡸G㣄┍㡰⦐G㦤㥉䚌㜠G䝽GḰ 㡸Gⵝ㫴䚌᷀G╝⏼␘U
^㷡㋀GG㡔㫴⸨㍌
UG䝽㜄G␴䚐G㡔㫴⸨㍌⪰G㐐㣅䚌ὤG㤸㜄G㜨㡸G㻝⺸䢼G㐑䜴㚰G䚝⏼␘U
UG㡔⫠G㉬⢰ⴭG䖐⮨㜄G⬒᷀G⬀☘㛨㫸G㥐䖼O䆠⫰GG㏘䆠⤼㢨䒰P⬀G
㟝䚨㚰G䚝⏼␘UG㢨⤠䚐G㥐䖼㡴G䚌☐㠜㛨G⬘㣙㜄㉐GẠ㢹䚔GG㢼㏩⏼
␘U
U Gⱨ ☔G䝽G䖐 㜄G㔓 㫴G⫼ U G䝽G䖐 㜄G㔓 ⏈Gᷱ 㟤GἼ ⵝG
⺼㢨G⻍㛨G㷡㋀䚌ὤG㛨⥘㠀㬅⏼␘U
UG䙀 䐥GⱰ S G㉘ S G㉘ 㢨G☘ ᴸG㥐 䖼G☥G⊭ 㡸G㍌G㢼 ⏈GⱰ 㡴G
䝽㜄㉐G⭴⫠G⛜㛨㫴᷀G▄⏈Gᶷ㢨G㦿㏩⏼␘U
㡔㫴⸨㍌a
TGG䖐⮨㜄G㤸ⱬG㉬㥉㥐⪰GGⵝ㟬G⛜㛨⡜⫱⏼␘U
TG⺴☐⤠㟨G㷐㢨⇌GⱰ㡸G㚱ᴸG㤵㐔G䇘㾐䇴㠈⦐G㐠䚐G㛰⨝㡸Gⱬ㫴⪹
⏼␘U
TG⺴☐⤠㟨G㷐㢨⇌G⫼⪬G䇘㾐䇴㠈⦐G䖐⮨㢨Gᾜ↋䚨㫼G⚀ᾀ㫴G␚㙸
⇹⏼␘U
㜠㤸䢼G㐠䚐G㛰⨝㢨G㢼⏈Gᷱ㟤a
TG㤸ⱬG㉬㥉㥐⪰G䝽G䖐 㜄G⮻Gⵝ 㟬G⒈G⛜ 㛨⡜⫱⏼␘U
TG㏘䆠⤼㢨䒰⪰G䝽㡸G䛙䚨GZW¶Gᴵ⓸⦐G㣕ḔG㛰⨝㢨G㇠⢰㫼G⚀ᾀ㫴G
㛨⇹⏼␘U
TG⺴☐⤠㟨G㷐㢨⇌G⫼⪬G䇘㾐䇴㠈⦐G䖐⮨㢨Gᾜ↋䚨㫼G⚀ᾀ㫴G␚㙸
⇹⏼␘U
TG䙸㟈䚌⮨Gᵍ㡴GḰ㥉㡸Gⵌ⸩䚝⏼␘U
.2
䐵a
㨰G㷡 ⮨G䢕 ḰG⫼ ⪰G㜼 ⏈G⒤G䙸 㢬G⸨ 㡸G⬀ ☘G㍌G
㢼㏩⏼␘UG䝽㡸G␘㐐G㇠㟝䚌ὤG㤸㜄G䖐⮨㢨Gᾜ↋䚐Gㇵ䈐⪰G㡔㫴䚌⓸
G䚌㐡㐐㝘UGG㣄ạ㡸G㥐ᶤ䚌⥘⮨Gⵥ㐑㸼⇌G⤼⯠G㨰㏘⪰GGⵝ㟬G
㟝䚝⏼␘UGἬ⤤G␘㢀G䢕㍌㉥㢨G㦿㡴G㦹㢨㝴G㤸ⱬG㉬㥉㥐GGⵝ㟬⦐G
㙸⇹⏼␘U
⫠G㉬ ⴭG䖐 㡴Gⵈ 㢨G䓽 䚐G㦤 ⫠G㟝 㜄G㢌 䚐G䢔 㜄Gᵉ
⬀SG㟝ὤ⪰G␘⪬GẠ㜡㡰⦐G㝢ὬG⚀⏈G☘㛨㉐G㝢ὤ⏈Gᶷ㢨G䠜㙠G⇟㏩⏼
␘U
㵬Ḕa
G
_UGⱬ㥐G䚨ᷤ
㦤⫠GẠ㜡GGGGGGG
␘U
ⵈ␙㢨G䓽䓽䚐G䑠㡸G㇠㟝䚌㐡㐐㝘UG䑠ḰGG㇠㢨㜄G⾏㢨G⸨㢨⮨G㦤⫠G
Ạ㜡㢨G㜨㡸G㝠ⵈ⦐G㤸␠䚌㫴G⯯䚝⏼␘U
⏈G㦤 ⫠GẠ 㜄G㝠 ⫤G䑠Gⵈ 㢨G㦤 ⫠GẠ 㢌G㫵 㡸G㝸 䢼G⒢
G䚝⏼␘U
㦤⫠G㋁⓸ᴴG∼ⱨG⏄⫱⏼␘U
㤵㤼䚌㫴G㙾㡴G䑠㡸G㇠㟝䚌ḔG㢼㏩⏼␘UGⱩ㫵䚌⮨㉐G㫵ᷱ㢨G㺐㋀䚐G
㦤⫠GẠ㜡ḰGᵍḔGⵈ␙㢨G䓽䓽䚐G㦤⫠G⓸Ạ⪰G㇠㟝䚌㐡㐐㝘U
䝽㢌G㡔⫠G䖐⮨㜄G㣅㡴G䢔㬅G❄⏈G⫼⯜═G⺴⺸㢨G㢼㏩⏼␘UG
㝠ⵈ⪨㫴G㙾㡴Gⵝⷉ㡰⦐G㷡㋀䚼ᶤ⇌Gⵈ␙㢨Gᶤ㾐G䑠㡸G㇠㟝䚐Gᶷ㢹
⏼␘UG⯜⣌⇌G㋀ἼGᵍ㡴G㢹㣄ᴴG䝽ḰG䑠Gⵈ ␙G㇠ 㜄G㢼㏩⏼␘UGI㷡㋀IG
␜㠄㡸G㵬㦤䚌㐡㐐㝘UG䑠㡸G㇠㟝䚌ὤG㤸㜄Gⵈ␙㢨Gᾜ↋䚐㫴G䞉㢬䚌
ḔSGⵈ␙㢨G⺴☐⤠㟨G䑠㡸G㇠㟝䚌㐡㐐㝘UG㷡㋀⪰G㝠ⵈ⦐G䚨㚰G䢔㬅
㡸G㨸 㢰G㍌G㢼㏩⏼␘U
Ἴ㋁G⫼䆠
㚀⨜⴬⎸G䑠㡸GG㠸㜄㉐Gⴴ㫴G⫼㐡㐐㝘UG㷡㋀GỀ㣙G㇠䚡㡸G㵬㦤䚌㐡
㐐㝘U
㝠ⵈ⪬G㣠⨀⪰G㇠㟝䚌⒈⢰⓸GGG㈑ὨG㛰⨝㡴G㇠⢰㫴㫴G㙾㏩⏼␘UG
⤼㢨㤴G⽈⤼㢨☐⪰G㇠㟝䚌⏈Gᷱ㟤㜄⏈GI㷡㋀IG␜㠄㡸G㵬㦤䚌㐡㐐㝘U
㫸䚐G㛰⨝
⤼㢨㤴G⽈⤼㢨☐⪰G㇠㟝䚌⏈Gᷱ㟤㜄⏈GI㷡㋀IG␜㠄㡸G㵬㦤䚌㐡㐐㝘U
G㠸㢌Gⵑ㡴G䖐⮨
㚀⨜⴬⎸G❄⏈GẠ⫠G䑠㢌G䢈㤵㡸G⽸⦣䚌㜠GṅⱰSGG❄⏈G㢀㐑G㵀῰ὤG
☥㡴G䆠⫰G䆨⫠∼⪰G㇠㟝䚌㜠G㥐ᶤ䚔GG㢼㏩⏼␘U
G㠸㢌G㿄⤠⮐䞈G❄⏈G⊭㡴G䙀⢰㏘䐥
I㷡㋀IG␜㠄㡸G㵬㦤䚌㐡㐐㝘U
䝽㢨G㣅┍䚌㫴G㙾ᶤ⇌G䏭㥉GẠ㜡㢨G㣅┍䚌㫴G㙾㏩⏼␘U
䉤⴬≄G⸨☐㜄㉐G㊌䏬ᴴG㝠ⵈ⦐Gⵤ㾌╌㫴G㙾㚌㏩⏼␘U
㜤ᷤ㢨G㥐␴⦐G╌㛼⏈㫴GἬ⫠ḔG㥐㛨䑄㢨G㣔ᷰ⏈㫴G㥄ᶴ䚝⏼␘UG
G㣔Ἴ㡸G䚨㥐䚝⏼␘U
䝽㢨G㩅␜╌㫴G㙾㏩⏼␘U
㥐㛨䑄㢨G㣔ᷰ㏩⏼␘UG䝽㢌G㣔Ἴ㡸G䚨㥐䚝⏼␘U
㦤⫠GẠ㜡㢌G䁐ὤVⅸὤG㣅┍G⽼⓸
䁐ὤTⅸὤG㨰ὤ⏈G䙸㟈䚐GG⤼ⷜ㜄G♤⢰G␠⢰㬅⏼␘U
TG⇢㡴G⤼ⷜaG㣅┍G㐐ᴸ㢨G㬛㏩⏼␘U
TG⋆㡴G⤼ⷜaG㣅┍G㐐ᴸ㢨Gή⏼␘U
㦤⫠␴ᴴG㣅┍䚌㫴G㙾㏩⏼␘U
䘜㪼V䟀⦐G㵜␜ὤ㢌Gㇵ䈐⪰G㥄ᶴ䚝⏼␘UG㥉㤸㢨G╌㫴G㙾㚌⏈㫴G䞉㢬
䚝⏼␘U
㦤⫠␴ᴴG㤴㤼⦐G῰㦀㏩⏼␘U
⮈㢬G㏘㠸㾌O䁐ὤVⅸὤG㏘㠸㾌P⪰G㐘㍌⦐Gᶨ☐⥬ᶤ⇌GG㠸㜄Gⱨ㛬
G㢼㏩⏼␘UG䇘⸨☐G㠸㜄G㙸ⱨᶷ⓸G㛺᷀G䚌ḔG㡔␏㡸G␘㐐G䁡⏼␘UG
㉘㥉㡸G␘㐐G㢹⥙䚝⏼␘U
♈㏘䙀⤼㢨GmGGⶼ䝬
♈㏘䙀⤼㢨㜄Gm㝴G㍟㣄ᴴG⇌䇴⇌⮨G㡔␏㜄Gᷤ䚜㢨G㢼⏈Gᶷ㢹⏼␘UG
␘㢀G䖐⏈Gⱬ㥐⪰G䚨ᷤ䚌ὤG㠸䚐G㦤㾌⪰G㜨ᶤ䚐Gᶷ㢹⏼␘U
㡔⫠G㉬⢰ⴭG䖐⮨㢌Gㇽ㢨Gⷴ䚌⒈⢰⓸G㣅┍㢨⇌G䖐⮨㢌G㙼㥉㉥㜄
G㜵䛙㡸G⴬㾌㫴G㙾㏩⏼␘UGἬ⤠䚐Gⷴㇽ㡴G␴ᵐGG㢀㐑G㣈㜠Ɒ
㢨⇌G㚀⨜⴬⎸G❄⏈GẠ⫠Gᵍ㡴G㋀㣠⦐G⬀☘㛨㫸G㦤⫠G⓸Ạ⦐G㢬䚨G
㈑ὤ⏈Gᶷ㢹⏼␘UG㢨⤠䚐G㛰⨝㡴G㥐ᶤ䚌ὤG㛨⥩㏩⏼␘U

㺐␴
∼ⱨG⬂㢨G㤵㐔G㏘䒴㫴⏈G㇠㟝䚌㫴G⫼㐡㐐㝘U
㾰㢨⇌G☐⢰㢨ⶸ⏈G㤼␴G㇠㟝䚌㫴G⫼㐡㐐㝘U
⮨⓸GGGZW¶GGG䚌⮨GGG
ㇵ䚌㫴G㙾㏩⏼␘U
⮨⓸⇔㢨G␠⫤G㏘䆠⤼㢨䒰⪰G㛨⫤㢨㢌G㋄㢨G␳⏈Gḧ㜄G㤼␴G▄㫴G
㐡㐐㝘U
㜤⫼G㥐䖼㢨⇌G㜤⫼㟝G⺸㡸G㤼␴G㇠㟝䚌㫴G⫼㐡㐐㝘U
Ἴ㋁G䊀▄⫠a
GἼ㋁G䊀▄⫠⪰G㙼㤸䚌᷀G㷡㋀䚌⥘⮨G⽸⍋Ɒ⦐G␚ḔG
GG⺴☐⤠㟨G㷐㡰⦐G⬄⫱⏼␘U
`
`UG䚨ᷤ
㉐⽸㏘G㜈㫴⏼㛨⪰G⺴⪨ὤG㤸㜄G␘㢀G㇠䚡㡸G䞉㢬䚌㐡㐐㝘U
TG䙀⤠ἬᴴG㥉䞉䢼G⁶䜴G㢼㡰⮤G䘜㪼ᴴG␠⥘G㢼⏈㫴U
㡸G䞉 䚔G㍌G㛺 ⮨G㥐 㢌G㤸 㡸G↉⏼␘UG䚜⺴⦐G㋄␴㫴G⬄ḔG
hzG㉰䉤⦐G㜤⢱䚌㐡㐐㝘UGG㥐䖼㜄⏈G㉐⽸㏘G㉰䉤㜄㉐Gⱨ⨀G㍌⫠
⪰Gⵏ 㡸G㍌G㢼 㡸G⸨㣙䚌⏈G⸨㫑㉐ᴴG䚜󰜍G㥐ḩ╝⏼␘U

ᴴ㜨ὤ♈㏘䙀⤼㢨  㦤㾌
)
)F
)W
)(
)E
)8)-
)$
)&)G
)U

㝘⪌ᴴGⵐ㈑䚼㡰⮨G㦤⫠␴㝴G㤸㠄GḩἽ㣙㾌㢌G㜤ᷤ㡸Gⅾ㛼␘ᴴG␘㐐G㜤ᷤ䚝⏼␘UG㝘⪌ᴴG᷸㋁╌⮨GhzG㉐⽸
⦐G㜤 U G㥉 ㇵG㣅 ┍G㐐 㜄Gᵅ ὤG㝘 ᴴG⇌ ⮨Gh z G㉐ ⦐G㜤 U
䉤㾌㥐㛨㣙㾌㋀䘸䏬㠜㛨㝘⪌U
㝜⓸ᴴG⇨⥘ᴼG⚀ᾀ㫴Gὤ␘⫱⏼␘UG㝜⓸ᴴG㥉ㇵGᵆ㜄G⓸␠䚌⮨G㦤⫠␴⏈G㣄┍㡰⦐G⸩Ạ╝⏼␘U
䉤㾌㥐㛨㣙㾌Ạ㜡㢨∼ⱨ⡜ᶵ
⯜☔ᴴ㜨ὤᴴ῰㦀㏩⏼␘U
㝜⓸ᴴG⇨⥘ᴼG⚀ᾀ㫴Gὤ␘⫱⏼␘UG㝜⓸ᴴG␴ὤGᵆ㜄G⓸␠䚼⏈⒤⓸G⮈㐐㫴ᴴG᷸㋁╌⮨GhzG㉐⽸㏘⦐G㜤⢱䚝
⏼␘U
䉤㾌㥐㛨㣙㾌㝜⓸㉰㉐ᴴ㋄ㇵ
╌㛼㡸㢼㏩⏼␘U
㝜⓸ᴴG⇨⥘ᴼG⚀ᾀ㫴Gὤ␘⫱⏼␘UG㝜⓸ᴴG␴ὤGᵆ㜄G⓸␠䚼⏈⒤⓸G⮈㐐㫴ᴴG᷸㋁╌⮨GhzG㉐⽸㏘⦐G㜤⢱䚝
⏼␘U
䉤㾌㥐㛨㣙㾌㝜⓸㉰㉐ᴴ㋄ㇵ
╌㛼㡸㢼㏩⏼␘U
㦤⫠␴ᴴG㝠ⵈ⦐G㣙㵝╌㛼⏈㫴G䞉㢬䚝⏼␘UG䇘ᴴG㡔⫠G䖐⮨㡸G㥉䞉䢼G䉤㾌䚌⏈㫴G䞉㢬䚝⏼␘U
䇘㢌Gᵄ⓸ᴴG㫴⇌㾌᷀G⋆㏩⏼␘U
G㝘⪌⏈G䇘⸨☐G㣄┍G㥄ᶴ㢹⏼␘UG㣄┍G㥄ᶴ㢨G㙼㤸䚐Gᵆ㡰⦐G─㙸ᴴ⮨G㝘⪌⏈G㇠⢰㬅⏼␘UG㝘⪌ᴴG᷸㋁
╌⮨GhzG㉐⽸㏘⦐G㜤⢱䚝⏼␘U
⸨㙼䇘⸨☐㝘⪌
G㝘⪌⏈G㋀䘸䏬㠜㛨G㣄┍G㥄ᶴ㢹⏼␘UG㣄┍G㥄ᶴ㢨G㙼㤸䚐Gᵆ㡰⦐G─㙸ᴴ⮨G㝘⪌⏈G㇠⢰㬅⏼␘UG㝘⪌ᴴG
᷸㋁╌⮨GhzG㉐⽸㏘⦐G㜤⢱䚝⏼␘U
⸨㙼䇘⸨☐㝘⪌
G㝘⪌⏈G㋀䘸䏬㠜㛨G㣄┍G㥄ᶴ㢹⏼␘UG㣄┍G㥄ᶴ㢨G㙼㤸䚐Gᵆ㡰⦐G─㙸ᴴ⮨G㝘⪌⏈G㇠⢰㬅⏼␘UG㝘⪌ᴴG
᷸㋁╌⮨GhzG㉐⽸㏘⦐G㜤⢱䚝⏼␘U
⸨㙼䇘⸨☐㝘⪌
⫨⤼㢨G☐⢰㢨ⶸ㜄Gⱬ㥐ᴴG㡸G㍌G㢼 U G㤸 㠄Gḩ ㉐G㦤⫠␴⪰G⺸⫠䚌ḔG㣔㐐Gὤ␘⥬␘ᴴG␘㐐G
䁡⏼␘UG㝘⪌ᴴG᷸㋁╌⮨GhzG㉐⽸㏘⦐G㜤⢱䚝⏼␘U
㢨G⸨ 㙼G㝘
.2
*%
7KHPDQXIDFWXUHUZLOOQRWEHUHVSRQVLEOHIRUDQ\LQDFFXUDF\UHVXOWLQJIURPSULQWLQJRUWUDQVFULSWHUURUVFRQWDLQHGLQWKLVEURFKXUH:HUHVHUYHWKHULJKW
WRFDUU\RXWPRGLILFDWLRQVWRSURGXFWVDVUHTXLUHGLQFOXGLQJWKHLQWHUHVWVRIFRQVXPSWLRQZLWKRXWSUHMXGLFHWRWKHFKDUDFWHULVWLFVUHODWLQJWRVDIHW\RU
IXQFWLRQ
5(9
.2
ꟁꈑꬉ꾅붡뼝鷑넭ꭹ鿅鱉놹ꩡ넍꿙ꌍꈑꗑꪒ鷑ꜵ뇊쀊ꫦ꾅鲵뼩뇑눥ꩡ鱉뗺넹냹덵덵껿걪鱽鲙鲮ꩡ鱉껽놹鿅鱉韥鱚隱隵ꇝ鷑뱮ꫦ꾅鲵뼑뵭陡꽻넩
ꟹ꾅鲵뼑넩뼩隵陹ꌱ붡뼝뼍꾡뻹끉꾅黥ꄱ뇑븽냹ꯍ뇊뼕靁뼑냹閵뎆鱽鲙
/