1、 $SSURYHG0DUFK25VXPRIWKHFRUUHVSRQGLQJGHFRGHGSDORDGELWV6037(67 3DJHRISDJHV 3DORDG6WUXFWXUH7KHVWUXFWXUHRIWKHSDORDGGHSHQGVRQSDFNHWWSH ZKHWKHUULWLVDQ$G,RU(,5SDFNHW 7KHVQWDRIWKH$G,SDORDGVKDOOEHDVVKRZQLQ7DEOH7KHVQWDRIWKH(,5SDORDGVKDOOEHDVVKRZQLQ7DEOH7DEOH6QWDRI$G,SDORDGVWUXFWXUH6QWD 1RRIELWV )RUPDWDGLGBSD
2、ORDG DGLGBYDOXH8QVLJQHGLQWHJHU/6%ILUVW7KH$G,SDORDGVSHFLILHGLQ7DEOHVKDOOEHWKHELWKDVKHGYDOXHUHSUHVHQWDWLRQRIWKHELWFRPSDFW$G,LGHQWLILHUVSHFLILHGLQ6037(536HHWKHIROORZLQJHDPSOHLOOXVWUDWLQJWKHHTXLYDOHQFHRIDIXOO$G,LWVFRPSDFW$G,LGHQWLILHUDQGWKHELWYHUVLRQRIWKDWLGHQWLILHUDGLGFRGH $,FLG !SUHILSLG !$,SUHIL!FRGH
3、!FRGH!DGLGBIXOOFRGH!$,DGLGBIXOOFRGH!JXLG!FEDEEJXLG!VODWH!7DEOH6QWDRI(,5SDORDGVWUXFWXUH6QWD 1RRIELWV )RUPDWHLGUBSDORDG HLGUBYDOXH8QVLJQHGLQWHJHU/6%ILUVW6HH6037(53IRUVQWDRIWKHFRPSDFWELQDUUHSUHVHQWDWLRQRIWKH&DQRQLFDO(,5,GHQWLILHU$VVSHFLILHGDERYHWKHSDORDGVPEROVVKDOOEHZDWHUPDUNHGVWDUWLQJIURPWKHRQHFRQWDLQ
4、LQJ/6%EWHGDWDWRWKHRQHFRQWDLQLQJ06%EWHGDWD(DFKSDORDGEWHVKDOODOVREHHQFRGHG/6%ILUVWVRWKHFRUUHVSRQGLQJVPEROLQGHLQWKHVPEROWDEOHLVWKHLQYHUVHELWRUGHUYDOXHRIWKHWUDQVPLWHGEWHYDOXH6037(67 3DJHRISDJHV $G,DQG(,5:DWHUPDUNLQJ(DPSOHV $G,:DWHUPDUNLQJ$G,ZDWHUPDUNLQJZLWK0HGLD,BKHDGHU DQG$G,YDOXH $%SDUDPHWHUVVKDOOEHDF
5、KLHYHGEHPEHGGLQJWKHIROORZLQJVPEROVHTXHQFH$G,6HTXHQFH DWDYDOXH RUKHDGHUYDOXHIRUVQFVPEROV 6PEROLQGHWRHPEHG6QFKURQLDWLRQVPERO 0HGLD,BKHDGHU 3DORDGVPEROV % $ 3DULWVPERO & (,5:DWHUPDUNLQJ(,5ZDWHUPDUNLQJZLWK0HGLD,BKHDGHU DQG(,5YDOXH $%&()SDUDPHWHUVVKDOOEHDFKLHYHGEHPEHGGLQJWKHIROORZLQJVPEROVHTXHQFH(,56HTXH
6、QFH DWDYDOXH RUKHDGHUYDOXHIRUVQFVPEROV 6PEROLQGHWRHPEHG6QFKURQLDWLRQVPERO 0HGLD,BKHDGHU 3DORDGVPEROV ) ( & % 6037(67 3DJHRISDJHV$ 3DULWVPERO 6037(67 3DJHRISDJHV$QQH$5HSODFLQJ:DWHUPDUNV 2YHUPDUNLQJ ,QIRUPDWLYH 2%,HPEHGGLQJRIIHUVWKHRSWLRQWRUHSODFHDPDUNZLWKDQRWKHUZDWHUPDUNZKLOHSUHVHUYLQJWKHVXEMHFWLYHTX
7、DOLWRIWKHFRQWHQWRULWFDQEHFRQILJXUHGHFOXVLYHOWRLQVHUWDPDUN 7KLVDQQHJLYHVDVXJJHVWLRQWRDGGUHVVWKHUHSODFHPHQWRIDZDWHUPDUNSUHVHQWLQDQDXGLRVWUHDPEDQRWKHUZDWHUPDUNZLWKUHVSHFWWRWKHVXEMHFWLYHTXDOLWRIWKHFRQWHQW7KLVVXEMHFWLYHTXDOLWIULHQGOUHSODFHPHQWRSWLRQUHTXLUHVWKHLPSOHPHQWDWLRQRIDGHWHFWRUZLWKLQWKHHPEHGGHUWRL
8、GHQWLIWKHVPEROHPEHGGHGSUHYLRXVOSULRUWRWKHHPEHGGLQJRIWKHPDUN,WFRQVHTXHQWODGGVDPLQLPXPODWHQFRIVDPSOHVWRWKHHPEHGGHUODWHQF$GHWHFWRUFDQEHLPSOHPHQWHGZLWKLQWKHHPEHGGHULQRUGHUWRLGHQWLIRQWKHFXUUHQWDXGLREORFNWKHVPERO5 HPEHGGHGSUHYLRXVODQGLWVVXEEORFNWHPSRUDOLQGHN/HWN _L NA REHLWVNVXEEORFNWHPSRUDOUHIHUHQFHVLJQD
9、O2QFHLGHQWLILHGLWFDQEHUHSODFHGIROORZLQJFODXVHVDQG5 LVWKHVPEROWRHPEHGRQWKHFXUUHQWDXGLREORFN/HWNEHLWVMVXEEORFNWHPSRUDOUHIHUHQFHVLJQDOHILQHWKHUHSODFHPHQWVPERO5 = 5 F 5 7KHMVXEEORFNWHPSRUDOVLJQDOFRUUHVSRQGLQJWR5 LVN _N ALHGHILQHGEJ E J 0,$ F 1, N _N AL H(J ) = N(J ) F N _L NA R(J )(DFKVXEEORFNN AL H(J )
10、LVWUDQVIRUPHGLQWRWKHIUHTXHQFGRPDLQXVLQJ)RXULHUWUDQVIRUPDWLRQVXFKWKDWLWFDUULHVWKHSKDVHN ALH FRIHDFK)RXULHUFRHIILFLHQW7KHUHSODFHPHQWLVWKHDSSOLFDWLRQRIWKHSKDVHPRGXODWLRQHPEHGGLQJGHILQHGLQFODXVHXWLOLLQJWKHDQJOHWRZDWHUPDUNN ALH FDQGPDLPXPGHYLDWLRQFRQVWUDLQW( # 7KHHPEHGGHULQYHUVHIUHTXHQFGRPDLQWUDQVIRUPLVWKHQDSSOLHGDVVSHFLILHGLQFODXVH 0 Q Q 1 DQG#N ALH=?AVKRXOGEHDGMXVWHGDFFRUGLQJWRLPSOHPHQWDWLRQVXFKWKDWVPEROVUHVXOWLQJIURPDVLQJOHHPEHGGLQJDQGUHSODFHPHQWKDYHVLPLODULPSHUFHSWLELOLWDQGZDWHUPDUNFRQILGHQFH6037(67 3DJHRISDJHV%LEOLRJUDSK$76&$XGLR:DWHUPDUN(PLVVLRQ$76&$&RQWHQW5HFRYHULQ5HGLVWULEXWLRQ6FHQDULRV