*($SSOLDQFHVFD |
%
&
'
(
)
*
+
,
2SWLRQV
$XWRVRDN
7KLVRSWLRQEHJLQVZLWKDEULHIDJLWDWLRQVRDNVIRUDVSHFLILHGSHULRGRIWLPHWKHQPRYHVWKURXJKWKHUHVWRIWKHF\FOHDXWRPDWLFDOO\2Q VRPHPRGHOVWKLVRSWLRQLVORFDWHGRQWKH&\FOH6HOHFWRUNQRE
([WUD5LQVH
:KHQ\RXXVHH[WUDGHWHUJHQWRUEOHDFKWRFOHDQKHDYLO\VRLOHGFORWKHVXVHWKH([WUD5LQVHRSWLRQWREHWWHUUHPRYHDGGLWLRQDOUHVLGXHV
)DEULF6RIWHQHU
6HWWKLVRSWLRQZKHQDGGLQJIDEULFVRIWHQHUWRWKHZDVKHURUWRVHOHFWWKHHQKDQFHG3RZHU5LQVH
127( 'RQRWXVHIDEULFVRIWHQHUGLVSHQVLQJEDOOVZLWKWKLVZDVKHU7KH\GRQRWZRUNFRUUHFWO\LQKLJKHIILFLHQF\ZDVKHUV
'HOD\:DVK
2QVRPHPRGHOVDVWKH'HOD\:DVKSDGLVUHSHDWHGO\SUHVVHGWKHGHOD\WLPHVHWVWRPLQXWHVKRXUKRXUVKRXUV KRXUVDQG EDFNWRFOHDU PLQXWHV
2QRWKHUPRGHOVDVWKH'HOD\:DVKSDGLVUHSHDWHGO\SUHVVHGWKHGHOD\WLPHVHWVWRKRXUVKRXUVKRXUVDQGEDFNWRFOHDU KRXUV )RUDOOPRGHOVLIWKH'HOD\:DVKSDGLVSUHVVHGIRUVHFRQGVLWFOHDUV UHJDUGOHVVRIWKHGHOD\WLPH
6LJQDO
8VHWKH6LJQDOSDGWRFKDQJHWKHYROXPHRIWKHHQGRIF\FOHVLJQDO3UHVVWKHSDGXQWLO\RXUHDFKWKHGHVLUHGYROXPHRURII
6HWWLQJV
,QGLYLGXDOVHWWLQJVIRUDJLWDWLRQ 6RLO ZDWHUWHPSHUDWXUH 7HPS DQGVSLQ 6SLQ FDQEHVHWIURPWKHPLQLPXP ORZHVWLQFROXPQ WR PD[LPXP KLJKHVWLQFROXPQ ,QJHQHUDOWKHKLJKHUXSWKHFROXPQWKHPRUHHQHUJ\ZLOOEHXVHG
/RDG6L]H
²)RUFRQYHQLHQFHEHVWSHUIRUPDQFHDQGRSWLPDOHIILFLHQF\VHOHFW3UHFLVH)LOO7KLVVHOHFWLRQDXWRPDWLFDOO\SURYLGHVWKHFRUUHFWDPRXQWRIZDWHUVXLWHGWR WKHVL]HDQGW\SHRIORDGSODFHGLQWKHXQLW127( 7KHZDVKHUZLOOQRWILOOZLWKZDWHUZKHQ3UHFLVH)LOOLVVHOHFWHGLIWKHOLGLVRSHQHG
²,I\RXSUHIHUWRPDQXDOO\VHOHFWWKHZDWHUOHYHOVHOHFW6PDOOWKURXJK6XSHU:KLOH3UHFLVH)LOOLVEHVWIRUPRVWORDGVDQGJHQHUDOZDVKLQJ\RXPD\ZDQWWR PDQXDOO\VHOHFWWKHORDGVL]HIRUVSHFLDOW\LWHPVVXFKDVEXON\OLJKWZHLJKWFRPIRUWHUVRUSLOORZVZKHUH\RXZDQWWRHQVXUHDODUJHUZDWHUOHYHOLVDSSOLHG 0DQXDOORDGVL]HVHOHFWLRQVVKRXOGEHPDGHIRUZHWLWHPVSODFHGLQWKHZDVKHUVXFKDVVRDNHGWRZHOVRUJDUPHQWV
3RZHU
3UHVVWR´ZDNHXSµWKHGLVSOD\,IWKHGLVSOD\LVDFWLYHSUHVVWRSXWWKHZDVKHULQWRLGOHPRGH 127( 3UHVVLQJ32:(5GRHVQRWGLVFRQQHFWWKHDSSOLDQFHIURPWKHSRZHUVXSSO\
6WDUW
3UHVV6WDUWWREHJLQWKHF\FOH127( 7KHOLGPXVWEHFORVHGIRUWKHZDVKHUWRILOODQGWKHF\FOHWRVWDUW3UHVVLQJ6WDUWDJDLQZLOO3DXVHWKH F\FOHDQGWKH&\FOHLQGLFDWRUOLJKWZLOOEOLQN
7RFRQWLQXHWKHF\FOHSUHVV6WDUWDJDLQRUFORVHWKHOLG,IPDFKLQHLVSDXVHGPRUHWKDQKRXUVWKHF\FOHZLOOEHFDQFHOOHG7RVWRSWKH F\FOHKROGWKHSDGIRUVHFRQGV,IZDWHUUHPDLQVLQWKHPDFKLQHVHOHFWWKH'UDLQ 6SLQF\FOHWRGUDLQWXEDQGVSLQZDWHURXWRIWKH
ZDVKHUWXE
5DLVLQJWKHOLGZLOOVWRSDJLWDWLRQRUVSLQDFWLRQEXWGRHVQRWSDXVHWKHF\FOH
H:DVK RQVRPHPRGHOV
:KHQH:DVKLVSUHVVHGWKHF\FOHFKDQJHVWRLWVPRVWHQHUJ\HIILFLHQWVHWWLQJVDQGDOORIWKHH0RQLWRUOLJKWVZLOOOLJKWWRLQGLFDWHWKDWWKH PRVWHIILFLHQWVHWWLQJVDUHRQ,I\RXFKDQJHVHWWLQJVWKHQXPEHURIH0RQLWRUOLJKWVZLOOGHFUHDVH RULQFUHDVH WRLQGLFDWHGHFUHDVHGRU
LQFUHDVHGHQHUJ\HIILFLHQF\VHWWLQJV
'LVSOD\ RQVRPHPRGHOV
7KHGLVSOD\VKRZVWKHDSSUR[LPDWHWLPHUHPDLQLQJXQWLOWKHHQGRIWKHF\FOH
127( 7KHF\FOHWLPHLVDIIHFWHGE\KRZORQJLWWDNHVWKHZDVKHUWRILOO7KLVGHSHQGVRQWKHZDWHUSUHVVXUHLQ\RXUKRPH7KH´VPDUWµWLPHU ´OHDUQVµWKHDPRXQWRIWLPHLWWDNHVWRILOO\RXUZDVKHUDQGDGMXVWVWKHWRWDOWLPHDFFRUGLQJO\
,QDGGLWLRQWKLVGLVSOD\ZLOO´VFUROOµWKHZDVKHUVWDWXV
E$/$1&,1* 6WDUWRIUHEDODQFLQJF\FOHWRUHGLVWULEXWHFORWKHV6WRSVDIWHUUHEDODQFLQJLVFRPSOHWH
G(/$< | :KHQ'HOD\HG:DVKLVLQLWLDWHG5HSODFHGZLWKHVWLPDWHGWLPHZKHQF\FOHVWDUWV | |
(QG | (QGRIFXUUHQWF\FOH | |
),// | )RUWKHILUVWVHFRQGVRIDILOOWKHHVWLPDWHGHQGRIF\FOHWLPHLVGLVSOD\HG)RUWKHUHVWRIWKHILOOWLPH´),//µLVVFUROOHG | |
XQWLOWKHILOOFRPSOHWHV | ||
/,' | &\FOHVWRSSHGEHFDXVHOLGLVRSHQ&ORVHWKHOLG | |
3$86( | &\FOHSDXVHGEHFDXVHWKH6WDUW3DXVHSDGZDVSUHVVHGDQGWKHZDVKHUZDVVHWWR3DXVH3UHVV6WDUWSDGDJDLQWR | |
UHVWDUWWKHF\FOH | ||
,QGLFDWRUOLJKWV
)LYH/('OLJKWVLQGLFDWHWKHFXUUHQWZDVKHUVWDWXVPRYLQJIURPOHIWWRULJKWDVWKHF\FOHSURJUHVVHV