�

)81'$0(17$/6�2)�7+(7+(25<�2)�52&.(7�$1'63$&(&5$)7�)/,*+7352)(6625'U��2/(;$1'5�3(75(1.2

,167,787(�2)�3+<6,&6�$1'7(&+12/2*<'1,3523(75296.�1$7,21$/81,9(56,7<

�

3$57���)/,*+7�75$-(&725<�2)$�%$//,67,&�0,66,/(

�

&217(176����&217(176���������6HJPHQWV�RI�WUDMHFWRU\����� (TXDWLRQ� RI� D� URFNHW� PRWLRQ� RQ� DQDFWLYH�VHJPHQW����� (TXDWLRQ� RI� D� URFNHW� PRWLRQ� RQ� DQDFWLYH�VHJPHQW�����'LVWDQFH�RI�IOLJKW�����7HVWLQJ�TXHVWLRQV

�

�������6(*0(176�2)�75$-(&725<� $Q�DFWLYH�VHJPHQW�RI�WUDMHFWRU\� VWDUWLQJ�VHJPHQW�� SURJUDP�WXUQ�VHJPHQW�� JXLGDQFH�VHJPHQW� $�SDVVLYH�VHJPHQW�RI�WUDMHFWRU\� RXW�DWPRVSKHULF�VHJPHQW�� VHJPHQW�RI�VWDELOL]DWLRQ

�

�������6(*0(176�2)�75$-(&725<

)LJ��������)OLJKW�WUDMHFWRU\�RI�D�EDOOLVWLF�PLVVLOH�2$ ± VWDUWLQJ� VHJPHQW��$% �� VHJPHQW� RI� SURJUDPWXUQ��%. ��JXLGDQFH�VHJPHQW��.' ± RXW�DWPRVSKHULFVHJPHQW�RI�IUHH�IOLJKW��'& ��VHJPHQW�RI�VWDELOL]DWLRQ

�

�������6(*0(176�2)�75$-(&725<

)LJ�������3URJUDP�RI�SLWFK�DQJOH�RID�EDOOLVWLF�PLVVLOH

�

�������(48$7,21�2)�$�52&.(7�027,2121�$1�$&7,9(�6(*0(17

)LJ�������)RUFHV�DQG�PRPHQWV��ZKLFK�DUHRSHUDWLRQDO�RQ�D�URFNHW�RQ�DQ�DFWLYH�IOLJKWVHJPHQW

�

�������)25&(6�$1'�020(176��:+,&+�$5(23(5$7,21$/�21�$�52&.(7�21�$1�$&7,9()/,*+7�6(*0(17� 7KUXVW� IRUFH�3�� 7KH� GLUHFWLRQ� RI� D� WKUXVW� DWD� FRD[LDO� HQJLQH� SRVLWLRQLQJ� FRLQFLGHV� DFHQWHUOLQH�RI�D�URFNHW�� *UDYLW\� *� � PJ�� YDULHG� ZLWK� IORZ� RI� WLPHRZLQJ�WR�EXUQRXW�RI�IXHO�� 7KH�GUDJ�IRUFH�; �LV�GLUHFWHG�RQ�WDQJHQW�WR�DWUDMHFWRU\��

�

�������)25&(6�$1'�020(176��:+,&+�$5(23(5$7,21$/�21�$�52&.(7�21�$1�$&7,9()/,*+7�6(*0(17�7KH� OLIW� IRUFH�< �LV�GLUHFWHG�RQ�D�QRUPDO� WR�DWUDMHFWRU\��� )RUFHV�;F DQG�<F��FUHDWHG�E\�FRQWUROV�� 3LWFKLQJ�PRPHQW�0=��� 7KH�FRQWURO�PRPHQW�0=�&�

��

�������(48$7,21�2)�$�52&.(7�027,2121�$1�$&7,9(�6(*0(17�VLQ��� 4��� J;;3P9 &�

> @ �FRV���� ¿¾½®̄­ 4���� 4 J<<;3P9 && D������� PFF&PFSF] [[<[[<- ��� -�� �FRV� 4 9GWG[9[ �VLQ� 4 9GWG\9&�D- �4 ����� WW 35-- �� WPPP ��

��

�������)5((�)/,*+7�2)�$�%$//,67,&�0,66,/(,1�$�&(175$/�*5$9,7$7,21$/�),(/'

)LJ�������)RU�GHWHUPLQDWLRQRI�DQ�HTXDWLRQ�RI�PRWLRQRI�D�URFNHW�LQ�SRODUFRRUGLQDWH�V\VWHP

��

�������)5((�)/,*+7�2)�$�%$//,67,&�0,66,/(,1�$�&(175$/�*5$9,7$7,21$/�),(/'�PJU�P9G � ¸̧¹·¨̈©§ �

FRQVWUI0�9 � �FRQVWJU9 ���

��

�������)5((�)/,*+7�2)�$�%$//,67,&�0,66,/(,1�$�&(175$/�*5$9,7$7,21$/�),(/'N��N�� UN�9UN�9 � �

������ UUGW GUGUGWG69 MM �� � � GW�GUU � GWG �MM �N��N���� UNU9UN�UU��� � �� M��

��

�������)5((�)/,*+7�2)�$�%$//,67,&�0,66,/(,1�$�&(175$/�*5$9,7$7,21$/�),(/'PU9 FRV�Θ �FRQVWU9 FRV�Θ U.9. FRV�Θ.�MM ��FRV UGVUGGWGVUU9 4NNN9UU 4 FRV�M�

��

�������)5((�)/,*+7�2)�$�%$//,67,&�0,66,/(,1�$�&(175$/�*5$9,7$7,21$/�),(/'

�FRV��� �������

NNN FNUN9NFNFU MM �¸̧¹

·¨̈©§ ���

�� � NFS ����� � FNUN9NFH NN �� �FRV�� NH SU MM ��

��

�������)5((�)/,*+7�2)�$�%$//,67,&�0,66,/(,1�$�&(175$/�*5$9,7$7,21$/�),(/'»¼º«¬ª ��4r44 ���FRVFRVFRV ���� HU N9 NNNNN

����� HUN9 NN r

��

�������)5((�)/,*+7�2)�$�%$//,67,&�0,66,/(,1�$�&(175$/�*5$9,7$7,21$/�),(/'��VW FDVH��H �����QG FDVH������H ����NFU UN9 �

����� HUN9 NN �

��UG�FDVH��H ���&5N

�SDU 9�UN�9 ��WK FDVH��H !���VNP9+<3 ���

��

�������)5((�)/,*+7�2)�$�%$//,67,&�0,66,/(,1�$�&(175$/�*5$9,7$7,21$/�),(/'

��

�������7(67,1*�48(67,216���� 2I� ZKDW� VHJPHQWV� WKH� IOLJKW� WUDMHFWRU\� RI� DEDOOLVWLF�PLVVLOH�FRQVLVWV"���:KDW�IRUFHV�DFW�RQ�D�URFNHW�RQ�GLIIHUHQW�SKDVHVRI�WUDMHFWRU\"��� :K\� WKH� EDOOLVWLF� PLVVLOHV� ZLOO� VWDUW� YHUWLFDOO\XS"���+RZ�WKH�WXUQ�RI�D�URFNHW�IURP�D�YHUWLFDO�SRVLWLRQLQ�WKH�GLUHFWLRQ�WR�WKH�WDUJHW�LPSOHPHQWV"���:KDW�JLYHV�WXUQ�RI�D�URFNHW�DW�]HUR�OLIW"�:KHQ�LWLV�PDGH"��� 'HVFULEH� WKH� SURJUDP� RI� D� SLWFK� RI� D� EDOOLVWLFPLVVLOH�

��

�������7(67,1*�48(67,216���� 'HGXFH� HTXDWLRQV� RI� PRWLRQ� RI� D� EDOOLVWLFPLVVLOH�RQ�DQ�DFWLYH�VHJPHQW�RI�WUDMHFWRU\��:KDWDVVXPSWLRQV�DUH�DGRSWHG�DW�WKHLU�FRQFOXVLRQ"��� +RZ� WKH� V\VWHP� RI� GLIIHUHQWLDO� HTXDWLRQV� RIPRWLRQ�RI�D�URFNHW�LV�GHFLGHG"��� :KDW� DVVXPSWLRQV� LQ� WKH� HOOLSWLFDO� WKHRU\� RIPRWLRQ�RI�URFNHWV�DUH�DGRSWHG"���� $W� ZKDW� FDOFXODWLRQV� WKH� HOOLSWLFDO� WKHRU\� RIPRWLRQ�RI�URFNHWV�LV�DSSOLHG"����:KDW�LV�WHUPHG�DV�D�IOLJKW�GLVWDQFH"����+RZ�WKH�IOLJKW�GLVWDQFH�LV�GHWHUPLQHG"

��

�������7(67,1*�48(67,216�����:KDW� SDUDPHWHUV�RI� IOLJKW� WUDMHFWRU\� LQIOXHQFHRQ�GLVWDQFH"����+RZ�WKH�DQJOH�RI�WKURZLQJ�ΘΘ.23 LQIOXHQFHV�RQWKH�IOLJKW�GLVWDQFH"���� :KDW� DQJOH� RI� WKURZLQJ� LV� WHUPHG� RSWLPXP"+RZ�WKH�YDOXH�RSWLPXP�DQJOH�RI�WKURZLQJ�ZLWKFKDQJH�RI�IOLJKW�GLVWDQFH�FKDQJHV"���� :KDW� WUDMHFWRULHV� DUH� WHUPHG� DV� ORIWHGWUDMHFWRULHV"���� 7KDQ� WKH� IODW� WUDMHFWRULHV� IURP� ORIWHGWUDMHFWRULHV�GLIIHU"���� +RZ� WKH� YDOXH� RI� D� YHORFLW\� DW� WKH� HQG� RI� DQDFWLYH� VHJPHQW� RI� WUDMHFWRU\� LQIOXHQFHV� RQIOLJKW�GLVWDQFH"