the PDF

3OD\'HFLGH,QVWUXFWLRQV
3UHSDUDWLRQ
3ULQWRXWWKH3')VRQFRORXUHGSDSHURUOLJKWFDUGERDUGJUP
<RXQHHGWKHIROORZLQJ$VKHHWV
\HOORZRUDQJHJUHHQEOXHDQGZKLWH
&XWRXWWKHFDUGV
3ULQWRUFRS\DVPDQ\SODFHPDWVDQGLQVWUXFWLRQVDVWKHUHDUHSOD\HUV
'HFLGHZRUNVEHVWZKHQSOD\HGE\XSWRSHRSOH
*HWWLQJVWDUWHG
)URPVWDUWWRILQLVKGHFLGHZLOOWDNHDERXWPLQXWHVWRSOD\
$OOSOD\HUVKDYHDҊSODFHPDWҋLQIURQWRIWKHP
7KHUHDUHGLIIHUHQWW\SHVRIFDUGVWKDWZLOOJUDGXDOO\ILOOXSWKHSODFHPDWV
7KHIDFLOLWDWRUWDONVWKHSOD\HUVWKURXJKWKHIORZRIGHFLGHXVLQJWKHYLVXDO
LQVWUXFWLRQV+HRUVKHSRLQWVRXWWKHDLPVRIWKHJDPH
'XULQJWKHILUVWSDUWRIGHFLGHLQIRUPDWLRQLVJDWKHUHGDQGVKDUHG7KHQ
WKHGLVFXVVLRQSKDVHIROORZV
,QWKHWKLUGSDUWWKHSOD\HUVWU\WRIRUPXODWHDVKDUHGJURXSUHVSRQVH
'HFLGHHQGVZKHQWKHUHVXOWVDUHXSORDGHGWRZZZSOD\GHFLGHRUJ
%HIRUHWKHILUVWSKDVHVWDUWVWKHIDFLOLWDWRUUHPLQGVDOOSOD\HUVDERXWWKH
FRQYHUVDWLRQJXLGHOLQHVERWWRPOHIWDQGKDQGVRXWWKH\HOORZFDUGV
$Q\RQHFDQUDLVHD\HOORZFDUGWRSDXVHWKHGLVFXVVLRQLQFDVHWKH\IHHO
VRPHRQHLVQRWUHVSHFWLQJWKHJXLGHOLQHV:KHQWKHLVVXHLVVROYHGWKH
GLVFXVVLRQUHVXPHV
2QWKHWRSULJKWRIWKHSODFHPDWWKHUHLVDVSDFHIRUQRWHVDQGҊLQLWLDO
WKRXJKWVҋ
3KDVH,QIRUPDWLRQ
7KLVSDUWRIWKHJDPHZLOOWDNHDSSUR[LPDWHO\PLQXWHV
$OOSOD\HUVUHDGWKHLQWURGXFWLRQWRSOHIW
$OOSOD\HUVUHDGDIHZVWRU\FDUGVFKRRVHRQHZKLFKLVVLJQLILFDQWIRUWKHP
DQGSXWLWRQWKHSODFHPDW(DFKSOD\HUEULHIO\VXPPDUL]HVWKHLUVWRU\FDUG
WRWKHRWKHUSOD\HUVZKRPD\EHKDYHQҋWUHDGWKDWFDUG
$OOSOD\HUVH[FKDQJHDQGUHDGLQIRFDUGVFKRRVHWZRZKLFKDUHVLJQLILFDQW
IRUWKHPDQGSXWWKHPRQWKHSODFHPDW(DFKSOD\HUEULHIO\VXPPDUL]HV
WKHLULQIRFDUGVWRWKHRWKHUSOD\HUV
$OOSOD\HUVUHDGLVVXHFDUGVFKRRVHWZRZKLFKDUHVLJQLILFDQW
IRUWKHPDQGSXWWKHPRQWKHSODFHPDW(DFKSOD\HUEULHIO\
VXPPDUL]HVWKHLULVVXHFDUGVWRWKHRWKHUSOD\HUV
3OD\HUVFDQXVHWKHZKLWHFDUGVDWDQ\WLPHWRDGGLQIRUPDWLRQDQGLVVXHV
LIQHHGHG
QRWDOOVWHSVDUHVKRZQWKHVDPHSURFHGXUHLVUHSHDWHGIRUVWRU\LQIR
DQGLVVXHFDUGV$WWKHHQGRIWKLVSKDVHDOOW\SHVRIFDUGVDUHRQWKH
SODFHPDWVDVVKRZQLQWKHODVWLPDJH
3KDVH'LVFXVVLRQ
7KLVSDUWRIWKHJDPHWDNHVDSSUR[LPDWHO\DQRWKHU
PLQXWHV
7KHSDUWLFLSDQWVVWDUWWRWDONDERXWRQHRUPRUHWKHPHVLQVSLUHG
E\WKHFDUGVDQGWKHLURZQSHUVRQDONQRZOHGJHDQGWKH\WU\WR
LGHQWLI\RQHRUPRUHODUJHUWKHPHVWKDWDOOIHHOUHOHYDQW7KH
GLVFXVVLRQIORZVDPRQJWKHSOD\HUV(YHU\RQHWULHVWRUHVSHFW
WKHJXLGHOLQHVLIQRWWKH\HOORZFDUGVFDQEHXVHG
,IWKHGLVFXVVLRQLVGLIILFXOWRULWVORZVGRZQҊFKDOOHQJHFDUGVҋ
PLJKWORRVHQWKLQJVXS7KHIDFLOLWDWRUKDQGVWKHPRXWҊIDFH
GRZQҋ3OD\HUVUHDGWKHPDQGWDNHDFWLRQ
'XULQJWKLVSKDVHSOD\HUVFDQXVHWKHFDUGVRQWKHLUSODFHPDW
WRVXVWDLQWKHLUDUJXPHQWV
7KH\SXWRQWKHWDEOHWKHFDUGVWKDWEDFNXSWKHLUFRQWULEXWLRQV
JURXSWKHPDQGUHFRUGWKHGLVFXVVLRQE\PDNLQJFOXVWHUV
DURXQGWKHWKHPHVWKDWUHIOHFWWKHJURXSҋVYLVLRQ
$OOW\SHVRIFDUGVFDQEHXVHGWRPDNHDFOXVWHUDOVRWKRVHWKDW
ZHUHQRWVHOHFWHGE\WKHSDUWLFLSDQWVLQWKHILUVWSKDVH
$WWKHHQGRIWKLVSKDVHWKHUHVKRXOGEHDWOHDVWRQHFOXVWHU
3KDVH$VKDUHGJURXSUHVSRQVH
7KLVODVWSDUWRIGHFLGHZLOOWDNHDSSUR[LPDWHO\
PLQXWHV
(YHU\ERG\UHDGVWKHSROLF\SRVLWLRQV
7U\WRORRNIRUFRPPRQJURXQG,VWKHUHDSROLF\SRVLWLRQ\RX
FDQDOOOLYHZLWK",IQRWWU\DVDJURXSWRIRUPXODWH\RXURZQ
ҊILIWKSROLF\ҋ
%DVHGRQWKHFRQFOXVLRQVRIWKHFOXVWHUVDOOSOD\HUVYRWH
LQGLYLGXDOO\LQWXUQRQDOORUSROLFLHV7KH\SDVVDURXQG
WKHYRWLQJJULGDQGYRWHRQWKHSROLFLHVZULWLQJDVPDOO´;µLQ
WKHVTXDUHRIWKHYRWLQJJULGZKLFKUHIOHFWWKHLUSRVLWLRQIRU
WKDWSROLF\IURPGLVDJUHHPHQWWRIXOOVXSSRUWRUDEVWDLQ
8SORDGUHVXOWV
7KHIDFLOLWDWRUWUDQVIHUVWKHUHVXOWVRQWKHYRWLQJIRUPXVLQJWKH
ҊXSORDGҋIXQFWLRQRQWKLVZHEVLWHZZZSOD\GHFLGHRUJ
<RXUUHVXOWVZLOOEHDGGHGWRWKHUHVXOWVRIDOORWKHUGHFLGH
VHVVLRQVSOD\HGLQ(XURSH