1、%5,7,6+67$1$5 %6 ,62 ,QFRUSRUDWLQJ 7HFKQLFDO &RUULJHQGXP1R 0HWKRGVRI 6DPSOLQJDQGWHVWIRU FDUERQDFHRXVPDWHULDOV XVHGLQDOXPLQLXP PDQXIDFWXUH 3DUW(OHFWURGHSLWFK 6HFWLRQHWHUPLQDWLRQRIFRNLQJ YDOXH ,&6%6 7KLV%ULWLVK6WDQGDUGKDYLQJ EHHQSUHSDUHGXQGHUWKH GLUHFWLRQRIWKH6HFWRU%RDUGIRU 0DWHULDOVDQG&KHPLFDOVZDV SX
2、EOLVKHGXQGHUWKHDXWKRULWRI WKH6WDQGDUGV%RDUGDQGFRPHV LQWRHIIHFWRQ 0DUFK %6, ,6%1 1DWLRQDOIRUHZRUG 7KLV%ULWLVK6WDQGDUGLVWKH8.LPSOHPHQWDWLRQRI,62 LQFRUSRUDWLQJ7HFKQLFDO&RUULJHQGXP1R,WVXSHUVHGHV%6 ZKLFKLVZLWKGUDZQ 7KH8.SDUWLFLSDWLRQLQLWVSUHSDUDWLRQZDVHQWUXVWHGWR7HFKQLFDO&RPPLWWHH &,5DZPDWHULDOVIRUWKHDOX
3、PLQLXPLQGXVWUZKLFKKDVWKH UHVSRQVLELOLWWR DLGHQTXLUHUVWRXQGHUVWDQGWKHWHW SUHVHQWWRWKHUHVSRQVLEOHLQWHUQDWLRQDO(XURSHDQFRPPLWWHHDQ HQTXLULHVRQWKHLQWHUSUHWDWLRQRUSURSRVDOVIRUFKDQJHDQGNHHSWKH8. LQWHUHVWVLQIRUPHG PRQLWRUUHODWHGLQWHUQDWLRQDODQG(XURSHDQGHYHORSPHQWVDQG SURPXOJDWHWKHPLQWKH8. $OLVWRIRUJDQLDWLR
4、QVUHSUHVHQWHGRQWKLVFRPPLWWHHFDQEHREWDLQHGRQ UHTXHVWWRLWVVHFUHWDU &URVVUHIHUHQFHV 7KH%ULWLVK6WDQGDUGVZKLFKLPSOHPHQWLQWHUQDWLRQDORU(XURSHDQ SXEOLFDWLRQVUHIHUUHGWRLQWKLVGRFXPHQWPDEHIRXQGLQWKH%6,6WDQGDUGV &DWDORJXHXQGHUWKHVHFWLRQHQWLWOHG,QWHUQDWLRQDO6WDQGDUGV&RUUHVSRQGHQFH ,QGHRUEXVLQJWKH)LQGIDFLOLWRIWK
5、H%6,6WDQGDUGV(OHFWURQLF &DWDORJXH $%ULWLVK6WDQGDUGGRHVQRWSXUSRUWWRLQFOXGHDOOWKHQHFHVVDUSURYLVLRQVRI DFRQWUDFW8VHUVRI%ULWLVK6WDQGDUGVDUHUHVSRQVLEOHIRUWKHLUFRUUHFW DSSOLFDWLRQ &RPSOLDQFHZLWKD%ULWLVK6WDQGDUGGRHVQRWRILWVHOIFRQIHULPPXQLW IURPOHJDOREOLJDWLRQV 6XPPDURISDJHV 7KLVGRFXPHQWFRPSULVHVDIURQWFRYHU
6、DQLQVLGHIURQWFRYHUSDJHVLDQGLL WKH,62WLWOHSDJHSDJHLLSDJHVWRDQGDEDFNFRYHU 7KH%6,FRSULJKWQRWLFHGLVSODHGLQWKLVGRFXPHQWLQGLFDWHVZKHQWKH GRFXPHQWZDVODVWLVVXHG $PHQGPHQWVLVVXHGVLQFHSXEOLFDWLRQ $PG1R DWH &RPPHQWV &RUULJHQGXP1R $SULO $PHQGVFODXVH %6 %6, L &RQWHQWV 3DJH 1DWLRQDOIRUHZRUG ,QVLGHIURQWFRYHU )RUHZ
7、RUG LL 6 F R S H 1RUPDWLYHUHIHUHQFHV 3 U L Q F L S O H 0 D W H U L D O $SSDUDWXV 6DPSOLQJDQGSUHSDUDWLRQRIWHVWVDPSOH 3URFHGXUH (SUHVVLRQRIUHVXOWV 7HVWUHSRUW )LJXUH1LFNHODQGSRUFHODLQFUXFLEOHVDVVHPEOHGWRJHWKHU )LJXUH5DFNIRUQLFNHOFUXFLEOHV LL EODQN%6 LL %6, )RUHZRUG ,62WKH,QWHUQDWLRQDO2UJDQLDWLRQIRU6WDQ
8、GDUGLDWLRQLVDZRUOGZLGH IHGHUDWLRQRIQDWLRQDOVWDQGDUGVERGLHV,62PHPEHUERGLHV7KHZRUNRI SUHSDULQJ,QWHUQDWLRQDO6WDQGDUGVLVQRUPDOOFDUULHGRXWWKURXJK,62WHFKQLFDO FRPPLWWHHV(DFKPHPEHUERGLQWHUHVWHGLQDVXEMHFWIRUZKLFKDWHFKQLFDO FRPPLWWHHKDVEHHQHVWDEOLVKHGKDVWKHULJKWWREHUHSUHVHQWHGRQWKDWFRPPLWWHH ,QWHUQDWLRQDORUJ
9、DQLDWLRQVJRYHUQPHQWDODQGQRQJRYHUQPHQWDOLQOLDLVRQZLWK ,62DOVRWDNHSDUWLQWKHZRUN,62FROODERUDWHVFORVHOZLWKWKH,QWHUQDWLRQDO (OHFWURWHFKQLFDO&RPPLVVLRQ,(&RQDOOPDWWHUVRIHOHFWURWHFKQLFDO VWDQGDUGLDWLRQ UDIW,QWHUQDWLRQDO6WDQGDUGVDGRSWHGEWKHWHFKQLFDOFRPPLWWHHVDUHFLUFXODWHG WRWKHPHPEHUERGLHVIRUYRWLQJ3XEOLFDWLR
10、QDVDQ,QWHUQDWLRQDO6WDQGDUGUHTXLUHV DSSURYDOEDWOHDVWRIWKHPHPEHUERGLHVFDVWLQJDYRWH ,QWHUQDWLRQDO6WDQGDUG,62,62ZDVSUHSDUHGE7HFKQLFDO&RPPLWWHH ,627& &KHPLVWU6XEFRPPLWWHH6& $OXPLQLXPRLGHFUROLWHDOXPLQLXP IOXRULGHVRGLXPIOXRULGHFDUERQDFHRXVSURGXFWVIRUWKHDOXPLQLXPLQGXVWU 7KLVVHFRQGHGLWLRQFDQFHOVDQGUHSODFHVWK
11、HILUVWHGLWLRQ,62RIZKLFK LWFRQVWLWXWHVDPLQRUUHYLVLRQ7KHPDLQFKDQJHFRQFHUQVFODXVH (SUHVVLRQRI UHVXOWVZKLFKKDVEHHQDPHQGHGWRPDNHLWFOHDUHU HVFULSWRUV(WUDFWLYHPHWDOOXUJDOXPLQLXPFDUERQHOHFWURGHVFDUERQDFHRXVPDWHULDOV SLWFKPDWHULDOVWHVWVGHWHUPLQDWLRQFRNLQJ%6 %6, 6FRSH 7KLV,QWHUQDWLRQDO6WDQGDUGVSHFLILHVDPHWKRG
12、IRU GHWHUPLQDWLRQRIWKHFRNLQJYDOXHRISLWFKXVHGIRU WKHSURGXFWLRQRIDOXPLQLXP 1RUPDWLYHUHIHUHQFHV 7KHIROORZLQJVWDQGDUGVFRQWDLQSURYLVLRQVZKLFK WKURXJKUHIHUHQFHLQWKLVWHWFRQVWLWXWHSURYLVLRQV RIWKLV,QWHUQDWLRQDO6WDQGDUG$WWKHWLPHRI SXEOLFDWLRQWKHHGLWLRQVLQGLFDWHGZHUHYDOLG$OO VWDQGDUGVDUHVXEMHFWWRUHYLVLRQDQGSD
13、UWLHVWR DJUHHPHQWVEDVHGRQWKLV,QWHUQDWLRQDO6WDQGDUG DUHHQFRXUDJHGWRLQYHVWLJDWHWKHSRVVLELOLWRI DSSOLQJWKHPRVWUHFHQWHGLWLRQVRIWKHVWDQGDUGV LQGLFDWHGEHORZ0HPEHUVRI,(&DQG,62PDLQWDLQ UHJLVWHUVRIFXUUHQWOYDOLG,QWHUQDWLRQDO6WDQGDUGV ,62 7HVWVLHYHV0HWDOZLUHFORWK SHUIRUDWHGSODWHDQGHOHFWURIRUPHGVKHHW1RPLQDO VLH
14、VRIRSHQLQJV ,62 $FFXUDFWUXHQHVVDQGSUHFLVLRQ RIPHDVXUHPHQWPHWKRGVDQGUHVXOWV 3DUW *HQHUDOSULQFLSOHVDQGGHILQLWLRQV ,62 &DUERQDFHRXVPDWHULDOVXVHGLQWKH SURGXFWLRQRIDOXPLQLXP3LWFKIRUHOHFWURGHV 6DPSOLQJ 3ULQFLSOH $WHVWSRUWLRQRISLWFKLVKHDWHGDW & & DQGWKHUHVLGXHZHLJKHG 0DWHULDO &DOFLQHGSHWUROHXPFRNH VLHYHG 8
15、VHWKHIUDFWLRQZKLFKSDVVHVDPPPHVKVLHYH DQGLVUHWDLQHGED 4PPHVKVLHYH VHH,62 $SSDUDWXV 2UGLQDUODERUDWRUDSSDUDWXVSOXVWKHIROORZLQJ 3RUFHODLQFUXFLEOHV RIPOWRPOFDSDFLW KDYLQJDKHLJKWWRHWHUQDOWRSGLDPHWHUUDWLRRI WRILWWHGZLWKRYHUODSSLQJOLGV 1LFNHOFUXFLEOHV RIFDSDFLW DSSURLPDWHOPOKHLJKWPPDQG GLDPHWHUPPILWWHGZLWKO
16、LGV 6WDLQOHVVVWHHOZLUHVXSSRUWV VHH)LJXUHWR ORFDWHWKHSRUFHODLQFUXFLEOHV FRUUHFWOLQWKH QLFNHOFUXFLEOHV DQGDOORZLQJDVHSDUDWLRQ RIPP PPEHWZHHQWKHEDVHRIHDFKFUXFLEOH 5DFNIRUWKHQLFNHOFUXFLEOHV VHH)LJXUHPDGH IURPPPWKLFNVWDLQOHVVVWHHOSODWHDQG FRQWDLQLQJIRXUKROHV7KHUDFNLVEHQWRYHUDWWKH HGJHVZHOGHGDWWKHFRUQHUVD
17、QGILWWHGZLWKIRXU ZHOGHGOHJVZKLFKHQVXUHZKHQQLFNHOFUXFLEOHVDUH SODFHGLQWKHKROHVWKDWWKHERWWRPVRIWKHFUXFLEOHV DUHNHSWDWOHDVWPPDERYHWKHIORRURIWKH IXUQDFH 7KHUDFNLVLQWHQGHGIRUIRXUGHWHUPLQDWLRQVWZR GXSOLFDWHGHWHUPLQDWLRQVEXWIRUUHIHUHQFHWHVWLQJ RQOWZRRIWKHKROHVDUHXVHG )LJXUH1LFNHODQGSRUFHODLQFUXFLEOHVDVVHPE
18、OHGWRJHWKHU%6 %6, 6LHYHV RIPP 4PDQG 4PQRPLQDO PHVKVLHVHH,62 (OHFWULFIXUQDFH FDSDEOHRIEHLQJPDLQWDLQHG DW & & 6DPSOLQJDQGSUHSDUDWLRQRIWHVW VDPSOH 6DPSOLQJ &DUURXWVDPSOLQJEWKHSURFHGXUHVSHFLILHGLQ ,62 3UHSDUDWLRQRIWHVWVDPSOH ,IWKHVDPSOHLVVXIILFLHQWOKDUGFUXVKLWZLWKD VPDOOMDZFUXVKHUDQGJULQGLWLQDPRUWDUWRSD
19、VVDW OHDVWD 4PPHVKVLHYHDQGLISRVVLEOHD 4P PHVKVLHYH,IWKHDPELHQWWHPSHUDWXUHLVKLJKWKH RSHUDWLRQZLOOEHIDFLOLWDWHGEFKLOOLQJWKHVDPSOH EHIRUHKDQG ,IWKHSLWFKLVWRRVRIWWRFUXVKPHOWWKHVDPSOHDQG WDNHVXIILFLHQWRIWKHPROWHQPDVVIRUWKHWHVW7KH PHOWLQJWHPSHUDWXUHVKDOOQRWHFHHG &DQG WKHPHOWLQJSHULRGVKDOOQRWHFHHGPLQ,WLVDO
20、VR SRVVLEOHWRWUDQVIHUWKHUHTXLUHGSRUWLRQRIDVRIW SLWFKGLUHFWOWRDSRUFHODLQFUXFLEOHZLWKRXW SUHOLPLQDUWUHDWPHQW 3URFHGXUH 1XPEHURIGHWHUPLQDWLRQV &DUURXWWKHGHWHUPLQDWLRQLQGXSOLFDWHXVLQJWZR FUXFLEOHVLQHDFKGHWHUPLQDWLRQ 7HVWSRUWLRQ +HDWWZRRIWKHSRUFHODLQFUXFLEOHV ILWWHGZLWK WKHLUOLGVIRUDERXWKLQWKHHOHFWULFIXU
21、QDFH PDLQWDLQHGDW & &$OORZWKHPWRFRROWR DPELHQWWHPSHUDWXUHLQDGHVLFFDWRUDQGZHLJKHDFK RIWKHPWRWKHQHDUHVWPJ P :HLJKLQWRHDFK FUXFLEOHWRWKHQHDUHVWPJDWHVWSRUWLRQ RI J JRIWKHWHVWVDPSOHVHH HWHUPLQDWLRQ 3ODFHRQHRIWKHZLUHVXSSRUWV LQRQHRIWKH QLFNHOFUXFLEOHVDQGPDNHDEHGRISHWUROHXP FRNH PP PPWKLFNRQWKHEDVHRIWKH FU
22、XFLEOH3ODFHRQHRIWKHSRUFHODLQFUXFLEOHVZLWKLWV WHVWSRUWLRQVHH LQWKHZLUHVXSSRUWVRWKDWLW UHVWVRQWKHFRNHEHG &ORVHWKHSRUFHODLQFUXFLEOHZLWKLWVOLGDQGILOOWKH VSDFHEHWZHHQWKHWZRFUXFLEOHVZLWKPRUHRIWKH SHWUROHXPFRNHVRWKDWWKHSRUFHODLQFUXFLEOHLV FRPSOHWHOHPEHGGHGLQWKHFRNH&ORVHWKHQLFNHO FUXFLEOHZLWKLWVOLG 5HSHDWWK
23、HDERYHRSHUDWLRQVXVLQJWKHVHFRQG SRUFHODLQFUXFLEOHDQGWHVWSRUWLRQ 3ODFHWKHSUHSDUHGFUXFLEOHVLQWKHUDFN DQG SODFHWKHZKROHLQWKHHOHFWULFIXUQDFH PDLQWDLQHGDW & &DVTXLFNODV SRVVLEOHLQRUGHUWRDYRLGKHDWORVVHV )LJXUH5DFNIRUQLFNHOFUXFLEOHV%6 %6, ,WLVHVVHQWLDOWKDWWKHWHPSHUDWXUHRIWKDWSDUWRI WKHIXUQDFHRFFXSLHGEWKHFUX
24、FLEOHVLQWKHLUUDFNLV XQLIRUPDQGFRPSOLHVZLWKWKHVSHFLILHGFRQGLWLRQ LH & &$QLQLWLDOWHPSHUDWXUHFKHFN VKDOOEHPDGHZLWKDSURPHWHUDQGRQOWKDWSDUW RIWKHIXUQDFHFRPSOLQJZLWKWKLVWHPSHUDWXUH VKDOOEHXVHGIRUWKHFUXFLEOHVLQWKHLUUDFN 7KHUHVKDOOEHDVSDFHRIQRWOHVVWKDQPP EHWZHHQWKHQLFNHOFUXFLEOHVDQGWKHIORRUZDOOVDQG URRIRIWK
25、HIXUQDFH7KHVSDFHEHWZHHQDQFUXFLEOH DQGWKHIURQWZDOOFRQWDLQLQJWKHGRRUDQGEHWZHHQ DQFUXFLEOHDQGWKHEDFNZDOORIWKHIXUQDFHVKDOO EHQRWOHVVWKDQPP $IWHUKUHPRYHWKHQLFNHOFUXFLEOHVIURPWKH IXUQDFHDQGDOORZWRFRRO5HPRYHHDFKSRUFHODLQ FUXFLEOHDQGFOHDQFDUHIXOOWRUHPRYHDQDGKHULQJ FRNHSRZGHUWDNLQJFDUHWRDYRLGFRQWDPLQDWLRQ 3O
26、DFHWKHSRUFHODLQFUXFLEOHVDQGFRQWHQWVFRYHUHG LQDGHVLFFDWRUDOORZWRFRROWRURRPWHPSHUDWXUH DQGZHLJKHDFKRIWKHPWRWKHQHDUHVWPJ P 127( 7RFOHDQWKHSRUFHODLQFUXFLEOHVDQGOLGVIRUIXUWKHUXVH GLVFDUGWKHFRNHUHVLGXHVDQGUHPRYHDQFDUERQDFHRXVPDWHULDO EKHDWLQJWKHFUXFLEOHVDW &WR & 5HSHDWWKHDERYHRSHUDWLRQVIRUWKHVHFRQG GHWHUP
27、LQDWLRQ (SUHVVLRQRIUHVXOWV &DOFXODWLRQ 7KHFRNLQJYDOXHHSUHVVHGDVDSHUFHQWDJHE PDVVLVJLYHQEWKHIRUPXOD ZKHUH &DOFXODWHWKHUHVXOWIRUHDFKRIWKHIRXUFUXFLEOHV LVFDUGGRXEWIXOUHVXOWVVHH DQG 5HSHDWWKHGHWHUPLQDWLRQLQ DVQHFHVVDUWR REWDLQIRXUYDOLGUHVXOWV 5HSRUWWKHPHDQYDOXHRIWKHIRXUUHVXOWVDVD SHUFHQWDJHEPDVVWRWKHQHD
28、UHVW P P 3UHFLVLRQ VHH,62FODXVH 5HSHDWDELOLWIRUSDLUVRIFUXFLEOHVKHDWHG WRJHWKHU 7KHSDLURIUHVXOWVIURPWKHWZRFUXFLEOHVKHDWHG WRJHWKHULQWKHIXUQDFHVKDOOEHFRQVLGHUHGGRXEWIXO LIWKHWZRUHVXOWVGLIIHUEPRUHWKDQ WLPHVWKH UHSHDWDELOLWRIWKHPHWKRGVHH 5HSHDWDELOLWRIWKHPHWKRG 7KHUHVXOWVRIGXSOLFDWHGHWHUPLQDWLRQVFDUULHG
29、RXW EWKHVDPHRSHUDWRUXVLQJWKHVDPHDSSDUDWXV HDFKUHVXOWEHLQJWKHPHDQRIWKHYDOXHVREWDLQHG ZLWKWZRFUXFLEOHVKHDWHGWRJHWKHUVKDOOEH FRQVLGHUHGGRXEWIXOLIWKHGLIIHUEPRUH WKDQ P P 5HSURGXFLELOLWRIWKHPHWKRG 7KHUHVXOWVRIGHWHUPLQDWLRQVFDUULHGRXWRQWKH VDPHVDPSOHEXWLQWZRGLIIHUHQWODERUDWRULHVHDFK UHVXOWEHLQJWKHPHDQRIWK
30、HYDOXHVREWDLQHGZLWK WZRFUXFLEOHVKHDWHGWRJHWKHUVKDOOEHFRQVLGHUHG GRXEWIXOLIWKHGLIIHUEPRUHWKDQ P P 7HVWUHSRUW 7KHWHVWUHSRUWVKDOOLQFOXGHWKHIROORZLQJ SDUWLFXODUV DDOOGHWDLOVQHFHVVDUIRULGHQWLILFDWLRQRIWKH VDPSOH EDUHIHUHQFHWRWKLV,QWHUQDWLRQDO6WDQGDUG FWKHUHVXOWVDQGWKHXQLWVLQZKLFKWKHDUH HSUHVVHG GGHWDLOVR
31、IDQXQXVXDOLQFLGHQWQRWHGGXULQJ WKHGHWHUPLQDWLRQ HGHWDLOVRIDQRSHUDWLRQQRWLQFOXGHGLQWKLV ,QWHUQDWLRQDO6WDQGDUGRULQWKHVWDQGDUGVWR ZKLFKUHIHUHQFHLVPDGHDVZHOODVDQRSHUDWLRQ UHJDUGHGDVRSWLRQDO IWKHGDWHRIWKHGHWHUPLQDWLRQ P LVWKHPDVVLQJUDPVRIWKHWHVWSRUWLRQ VHH P LVWKHPDVVLQJUDPVRIWKHHPSW SRUFHODLQFUXFLEOH P L
32、VWKHPDVVLQJUDPVRIWKHSRUFHODLQ FUXFLEOHDQGUHVLGXHVHH P P P %6 ,62 %6, &KLVZLFN+LJK5RDG /RQGRQ :$/ %6,%ULWLVK6WDQGDUGV,QVWLWXWLRQ %6,LVWKHLQGHSHQGHQWQDWLRQDOERGUHVSRQVLEOHIRUSUHSDULQJ %ULWLVK6WDQGDUGV,WSUHVHQWVWKH8.YLHZRQVWDQGDUGVLQ(XURSHDQGDWWKH LQWHUQDWLRQDOOHYHO,WLVLQFRUSRUDWHGE5RDO&KDUWHU 5HYLVLRQ
33、V %ULWLVK6WDQGDUGVDUHXSGDWHGEDPHQGPHQWRUUHYLVLRQ8VHUVRI %ULWLVK6WDQGDUGVVKRXOGPDNHVXUHWKDWWKHSRVVHVVWKHODWHVWDPHQGPHQWVRU HGLWLRQV ,WLVWKHFRQVWDQWDLPRI%6,WRLPSURYHWKHTXDOLWRIRXUSURGXFWVDQGVHUYLFHV :HZRXOGEHJUDWHIXOLIDQRQHILQGLQJDQLQDFFXUDFRUDPELJXLWZKLOHXVLQJ WKLV%ULWLVK6WDQGDUGZRXOGLQIRUPWKH6HFUHWD
34、URIWKHWHFKQLFDOFRPPLWWHH UHVSRQVLEOHWKHLGHQWLWRIZKLFKFDQEHIRXQGRQWKHLQVLGHIURQWFRYHU 7HO)D %6,RIIHUVPHPEHUVDQLQGLYLGXDOXSGDWLQJVHUYLFHFDOOHG3/86ZKLFKHQVXUHV WKDWVXEVFULEHUVDXWRPDWLFDOOUHFHLYHWKHODWHVWHGLWLRQVRIVWDQGDUGV %XLQJVWDQGDUGV 2UGHUVIRUDOO%6,LQWHUQDWLRQDODQGIRUHLJQVWDQGDUGVSXEOLFDWLRQVVKRXOG
35、EH DGGUHVVHGWR&XVWRPHU6HUYLFHV7HO)D ,QUHVSRQVHWRRUGHUVIRULQWHUQDWLRQDOVWDQGDUGVLWLV%6,SROLFWRVXSSOWKH %6,LPSOHPHQWDWLRQRIWKRVHWKDWKDYHEHHQSXEOLVKHGDV%ULWLVK 6WDQGDUGV XQOHVVRWKHUZLVHUHTXHVWHG ,QIRUPDWLRQRQVWDQGDUGV %6,SURYLGHVDZLGHUDQJHRILQIRUPDWLRQRQQDWLRQDO(XURSHDQDQG LQWHUQDWLRQDOVWDQGDUGVWKURXJK
36、LWV/LEUDUDQGLWV7HFKQLFDO+HOSWR(SRUWHUV 6HUYLFH9DULRXV%6,HOHFWURQLFLQIRUPDWLRQVHUYLFHVDUHDOVRDYDLODEOHZKLFKJLYH GHWDLOVRQDOOLWVSURGXFWVDQGVHUYLFHV&RQWDFWWKH,QIRUPDWLRQ&HQWUH 7HO)D 6XEVFULELQJPHPEHUVRI%6,DUHNHSWXSWRGDWHZLWKVWDQGDUGVGHYHORSPHQWV DQGUHFHLYHVXEVWDQWLDOGLVFRXQWVRQWKHSXUFKDVHSULFHRIVWDQGDU
37、GV)RUGHWDLOV RIWKHVHDQGRWKHUEHQHILWVFRQWDFW0HPEHUVKLS$GPLQLVWUDWLRQ 7HO)D &RSULJKW &RSULJKWVXEVLVWVLQDOO%6,SXEOLFDWLRQV%6,DOVRKROGVWKHFRSULJKWLQWKH 8.RIWKHSXEOLFDWLRQVRIWKHLQWHUQDWLRQDOVWDQGDUGLDWLRQERGLHV(FHSWDV SHUPLWWHGXQGHUWKH&RSULJKWHVLJQVDQG3DWHQWV$FWQRHWUDFWPDEH UHSURGXFHGVWRUHGLQDUHWULHYDOVV
38、WHPRUWUDQVPLWWHGLQDQIRUPRUEDQ PHDQVHOHFWURQLFSKRWRFRSLQJUHFRUGLQJRURWKHUZLVHZLWKRXWSULRUZULWWHQ SHUPLVVLRQIURP%6, 7KLVGRHVQRWSUHFOXGHWKHIUHHXVHLQWKHFRXUVHRILPSOHPHQWLQJWKHVWDQGDUG RIQHFHVVDUGHWDLOVVXFKDVVPEROVDQGVLHWSHRUJUDGHGHVLJQDWLRQV,IWKHVH GHWDLOVDUHWREHXVHGIRUDQRWKHUSXUSRVHWKDQLPSOHPHQWDWLRQWKHQWKHSULRU ZULWWHQSHUPLVVLRQRI%6,PXVWEHREWDLQHG ,ISHUPLVVLRQLVJUDQWHGWKHWHUPVPDLQFOXGHURDOWSDPHQWVRUDOLFHQVLQJ DJUHHPHQWHWDLOVDQGDGYLFHFDQEHREWDLQHGIURPWKH&RSULJKW0DQDJHU 7HO