1、%5,7,6+67$1$5 %6 ,QFRUSRUDWLQJ $PHQGPHQWV1RV DQG 6SHFLILFDWLRQIRU +DQGKDPPHUV ,RI)LJXUH WDSHULQJWRZDUGVWKHEDOOSHULPHWHUWRDYRLGWKH KDUGHQHGRQHHWHQGLQJLQWRWKHQHFN VHH)LJXUH &0 Q6 L36 0LQ 0D %6 %6, 127( 7KHGHSWKRIWKHFHQWUDOZDLVWVKRXOGEHDPLQLPXPRI -DQGDPDLPXPRI - )LJXUH)RUPVDQGSURSRUWLRQVRIHHVIRUWKHILWW
2、LQJRIDKDQGOH%6 %6, 7KHKDUGHQHGRQHVVKDOOQRWHWHQGLQWRDQHFN RUZKHUHWKHUHLVQRQHFNWRPRUHWKDQKDOIZDWR WKHQHDUHGJHRIWKHHH &ODZVVKDOOEHKDUGHQHGDQGWHPSHUHGWR FRQIRUPWR 7KHKDUGQHVVVKDOOGLPLQLVKIURP WKHFODZWLSWRWKHFURWFKDQGWKHKDUGHQHGRQH VKDOOQRWUHDFKQHDUHUWKHHHWKDQPP 6WULNLQJSRLQWVDQGHGJHVVKDOOEHKDUGHQHGDQG W
3、HPSHUHGWRFRQIRUPWR )LQLVK 7KHKDPPHUKHDGVVKDOOEHIUHHIURPPDWHULDO IDXOWVLHKDUGHQLQJFUDFNVVXUIDFHFUDFNVDQG VKULQNDJHV6WULNLQJIDFHVSHLQVDQGRXWHUIDFHVRI WKHFODZVDVDSSURSULDWHVKDOOEHVPRRWKDQGKDYH DEULJKWILQLVK 127( 7KHILQLVKDSSOLHGWRWKHUHPDLQGHURIWKHKHDGVKRXOG EHDJUHHGEHWZHHQWKHSXUFKDVHUDQGWKHVXSSOLHU 6WU
4、LNLQJIDFHVVKDOOEHFRQYHZLWKDPDLPXP FRQYHLWRIPPUDGLXVWKURXJKWKHFHQWUDO ORQJLWXGLQDODLV 7KHVWULNLQJIDFHVKDOOKDYHDFKDPIHUDWDQDQJOHRI DSSURLPDWHODOOURXQGWKHFLUFXPIHUHQFH7KH ZLGWKRIFKDPIHUVKDOOEHDSSURLPDWHORIWKH GLDPHWHURIWKHVWULNLQJIDFHZKHQPHDVXUHGDFURVV WKHFKDPIHUDVLOOXVWUDWHGLQ)LJXUH &ODZKDPPHUVVKDOOKD
5、YHDFKLVHOHGJHJURXQGRQ WKHXQGHUVLGHRIWKHFODZDVLOOXVWUDWHGLQ)LJXUH 0DVV 7KHQRPLQDOPDVVRIWKHKDPPHUKHDGVVKDOOEHDV JLYHQLQ7DEOHWR7DEOH$OOPDVVHVVKDOOEH VXEMHFWWRWKHWROHUDQFHVJLYHQLQ7DEOH 7DEOH 7ROHUDQFHVRQPDVVDOOKDPPHUV 0DUNLQJ (YHUKDPPHUKHDGVKDOOEHFOHDUODQGLQGHOLEO PDUNHGZLWKWKHIROORZLQJ DWKHPDQXIDFWXUHU
6、V“QDPHLQLWLDOVRU WUDGHPDUNIRUWUDFHDELOLWSXUSRVHV EWKHQRPLQDOPDVVRIWKHKDPPHUKHDG FWKHQXPEHURIWKLVVWDQGDUGLH%6 ,QRUGHUWRDYRLGVWUHVVFRQFHQWUDWLRQDOOPDUNLQJV VKDOOEHDSSOLHGWRWKHXQKDUGHQHGSDUWRIWKHKHDG $GGLWLRQDOODQDSSURSULDWHGXUDEOHPDUNRU DGKHVLYHODEHOJLYLQJJXLGDQFHRQVDIHXVDJHRIWKH KDPPHUVHH$QQH$VKDOOEH
7、DIILHGWRWKH KDPPHUKDQGOH )LJXUH+DUGQHVVSDWWHUQIRUWKH EDOOHQGRIDEDOOSHLQKDPPHU )LJXUH&KDPIHUV 0DVVRIKHDG 0 7ROHUDQFHRQPDVVRIKHDG J 8SWR 0 2YHUWR 0 2YHUWR 0 2YHU 0 127( )RUHDPSOHIRUDJKDPPHUWKH WROHUDQFH 0JJJ 0DUNLQJ%6RQRULQUHODWLRQWRDSURGXFWUHSUHVHQWVDPDQXIDFWXUHU“VFODLPERURQEHKDOIRIWKHPDQXIDFWXUHUWKD
8、W WKHSURGXFWPHHWVWKHUHTXLUHPHQWVRIWKHVWDQGDUG7KHDFFXUDFRIWKHFODLPLVVROHOWKHFODLPDQW“VUHVSRQVLELOLW6XFKD GHFODUDWLRQLVQRWWREHFRQIXVHGZLWKWKLUGSDUWFHUWLILFDWLRQRIFRQIRUPLWZKLFKPDDOVREHGHVLUDEOH%6 %6, +DQGOHV *HQHUDO :KHQWHVWHGLQDFFRUGDQFHZLWK WR KDQGOHVVKDOOVKRZQRVLJQRIIODZVRUGHIHFWVDQG WKHKDPPHUKHDGV
9、KDOOUHPDLQILUPOILHGWRWKH KDQGOH :RRGHQKDQGOHV :KHUHVROLGQDWXUDOZRRGHQKDQGOHVDUHXVHGWKH VKDOOEHKLFNRURUDVK 127( ,WLVVWURQJOUHFRPPHQGHGWKDWIRUDGGHGVDIHW KLFNRUKDQGOHVVKRXOGEHXVHGIRUDOOFODZKDPPHUVDQG KDPPHUVXVHGIRUKHDYGXW +DQGOHVVKDOOEHJUDGHGLQDFFRUGDQFHZLWK %6$OOZRRGHQKDQGOHVVKDOOKDYHD FKDPIHUDWWKHKHH
10、O 6WHHOKDQGOHV :KHUHVWHHOKDQGOHVDUHXVHGWKHVKDOOEHRQHRI WKHIROORZLQJ DDIRUJHGRUZHOGHGHWHQVLRQRIWKHKHDG EDVHDPOHVVRUZHOGHGVWHHOWXEH FDQRWKHUVXLWDEOHIRUP DQGVKDOOEHVHFXUHOIDVWHQHGWRWKHKHDGLQVXFKD PDQQHUWKDWWKHZLOOQRWORRVHQXQGHUQRUPDO ZRUNLQJFRQGLWLRQV7KHUHVKDOOEHQRRSHQLQJDWWKH HHHQGRIWKHKDQGOHWXEHZKHQL
11、QSRVLWLRQLQWKH KDPPHUKHDG :LWKWKHHFHSWLRQRIZHOGHUV“VWHHOKDPPHUVWKH EXWWHQGRIVWHHOKDQGOHVVKDOOKDYHVHFXUHOILHG DJULSPDGHRIDVXLWDEOHPDWHULDOWKDWZLOOVXIIHU RQOPLQLPDOGHWHULRUDWLRQDVDUHVXOWRIWKHDFWLRQ RIRLODQGJUHDVH7KHPLQLPXPOHQJWKRIVXFKJULSV VKDOOEHPP7KHLUVHFWLRQVKDOOEHVLPLODUWR WKRVHVSHFLILHGIRUZRRGHQK
12、DQGOHV *ODVVILEUHUHLQIRUFHGSODVWLFVKDQGOHV *ODVVILEUHUHLQIRUFHGSODVWLFVKDQGOHVVKDOOEH PRXOGHGLQWKHUPRVHWWLQJWSHSODVWLFVFRQWDLQLQJD PLQLPXPRIJODVVILEUHEPDVV7KHVKDOOEH ILQHOILQLVKHGDQGZHOOSURSRUWLRQHG*ODVVILEUHV VKDOOEHFRQWLQXRXVXQLGLUHFWLRQDODQG ORQJLWXGLQDO+DQGOHVVKDOOEHILHGWRWKHKHDGED FKHPLFDODGKHV
13、LYHRURWKHUPHDQVVRWKDWWKHZLOO QRWORRVHQ 127( $JULSPDEHILWWHGWRWKHEXWWHQGRIWKHVKDIWVLPLODU WRWKDWVSHFLILHGIRUVWHHOKDQGOH$OWHUQDWLYHODVOHHYHPDEH ILWWHGDORQJWKHIXOOOHQJWKRIWKHVKDIW )LWWLQJDQGILQLVKRIKDQGOHV $OOKDQGOHVVKDOOEHSRVLWLYHODQGVHFXUHOILHG DQGVKDOOEHYLVXDOOVTXDUHWRWKHKHDG $OOKDQGOHVVKDOOEHVPRRWK
14、OILQLVKHGDQGZRRGHQ KDQGOHVVKDOOEHODFTXHUHGYDUQLVKHGRUVPRRWK VDQGHG :RRGHQKDQGOHVVKDOOIXOOILWWKHHH 127( :KHQKDQGOHVRIPDWHULDOVRWKHUWKDQZRRGGRQRWIXOO ILWWKHHHDIHUUXOHDGDSWRURUVLPLODUGHYLFHPDEHXVHGWR PDVNWKHJDSEHWZHHQWKHKDQGOHDQGWKHHHRSHQLQJ ,IZHGJHVDUHXVHGDVDPHDQVRIILLQJHLWKHU LQLWLDOORUIRUDUHSODFHPHQ
15、WKDQGOHWKHKDQGOH VKDOOEHZHGJHGDQGFURVVFOHDWHGVRWKDWWKHHHRI WKHVKDIWLVVSUHDGLQWRWKHKHDGLQDOOGLUHFWLRQV,I ZRRGHQZHGJHVDUHXVHGWKHVKDOOEHDVKDUGDVRU KDUGHUWKDQWKHKDQGOHPDWHULDO:KHUHZHGJHV DUHXVHGDVWKHPHDQVRIILLQJWKHPDWHULDOLQWKH HHVKRXOGUHPDLQFOHDUOYLVLEOHIRUDQVXEVHTXHQW LQVSHFWLRQ 127( ,WLVLPSRUWDQWWRXQ
16、GHUVWDQGWKDWWKHFRQGLWLRQV UHODWLQJWRZRRGHQVKDIWVDSSODWWKHSRLQWRIPDQXIDFWXUHXH WRWKHQDWXUHRIWKHPDWHULDODQGVWRUDJHFRQGLWLRQV VHH$QQH$ZRRGHQVKDIWVPDGHWHULRUDWH $OOKDQGOHVVKDOOKDYHDVPRRWKILQLVKDWWKHSRLQW ZKHUHWKHMRLQWKHKHDG LPHQVLRQVRIKDQGOHV 7KHJHQHUDOGLPHQVLRQVRIZRRGHQKDQGOHVVKDOOEH WKRVHJLYHQLQ7DEOH7
17、DEOH7DEOH7DEOH 7DEOH7DEOH7DEOH7DEOH7DEOH 7DEOH7DEOH7DEOH7DEOH7DEOHDQG 7DEOH 127( $OWKRXJKOHQJWKVDUHQRWVSHFLILHGIRUKDQGOHVPDGHRI PDWHULDOVRWKHUWKDQZRRGVXFKKDQGOHVVKRXOGVWLOOFRQIRUP WR 7HVWV +DUGQHVVWHVWV *HQHUDO +DUGQHVVWHVWVVKDOOEHFDUULHGRXWLQRQHRIWKH IROORZLQJZDV DLQDFFRUGDQFHZLWK%6XVLQJDPDFKLQH WK
18、DWKDVEHHQYHULILHGLQDFFRUGDQFHZLWK%6 EXVLQJDQDOWHUQDWLYHPHWKRGLQFRQMXQFWLRQ ZLWKWDEOHVIRUFRPSDULVRQRIKDUGQHVVVFDOHV JLYHQLQ%6 +DUGQHVVRIVWULNLQJIDFHVDQGSHLQV 7KHVWULNLQJIDFHVDQGSHLQVRIHYHUKDPPHUVKDOO EHWHVWHGLQDFFRUGDQFHZLWK :KHQWHVWHGLQDFFRUGDQFHZLWK WKHIDFHVDQG SHLQVRIKDPPHUVVKDOOFRQIRUPWRWKHKDUGQH
19、VV VSHFLILHGLQ 7KHWHVWVKDOOEHPDGH DSSURLPDWHOLQWKHFHQWUHRIWKHIDFH &ODZKDUGQHVV 7KHKDUGQHVVRIFODZVVKDOOEHWHVWHGLQDFFRUGDQFH ZLWK% )ROORZLQJWKLVWHVWYLVXDOHDPLQDWLRQ VKDOOUHYHDOQRGDPDJHWRWKHFODZ +DUGQHVVRIVWULNLQJSRLQWVDQGHGJHV :KHQWHVWHGLQDFFRUGDQFHZLWK % WKHVWULNLQJ SRLQWVDQGHGJHVRIWKHKDPPHUKHDGVKDOOVKRZQR VLJQRIIODZRUGHIHFWVDQGWKHKHDGVKDOOEHILUPO ILHGWRWKHKDQGOH