May Estate Auction Sunday, May 4, 2014 10am
May Estate Auction featuring fine art, decorative arts & jewelry
Auction: Sunday, May 4, 2014, 10am Fine Art: Lots 1 - 100 Furniture, Rugs and Decorations: Lots 105 - 234 Jewelry and Timepieces: Lots 235 - 373 Silver and Gold Coins: Lots 400 - 252 Asian Works of Art: Lots 460 - 516 Silver and Glass Objects: Lots 520 - 579 Jewelry: Lots 585 - 703 Decorations, Dolls and Toys: Lots 710 - 802
Previews: Friday,May 2, Noon to 5pm Saturday, May 3, 10am to 5pm Sunday, May 4, from 9am to end of auction
Michaan's Auctions 4ODD 3TREET s !LAMEDA #! 4EL s &AX www.michaans.com info@michaans.com
Front cover lots: various Back cover lot: 372
Terms and Conditions of Sale STANDARD CONDITIONS OF SALE These Conditions of Sale are binding on all purchasers at Auction. Please read carefully. By registering to bid at auction, in person, or through an agent, by absentee bid, or telephone or any other means including the Internet and e-mail, you agree to be bound by these Conditions of Sale (and changes made as noted below.) All property and every lot for sale in our catalogue is offered subject to the following terms and conditions, along with any changes that may be published or announced prior to or during a sale by Michaan’s Auctions. (MA). The terms “MA” “us,” “we,” or “our” as used herein all refer to Michaan’s Auctions. Unless otherwise indicated in the catalogue or at time of sale, MA acts at all times solely as the agent for the seller. All sales shall be deemed to occur in California regardless whether by telephone, mail or through the Internet or the physical location of the buyer. DEFINITIONS Hammer price: The highest bid received for a lot upon the fall of the auctioneer’s hammer. Buyer’s premium: The amount paid by the buyer as a percentage of the hammer price and in addition thereto. Purchase price: The aggregate of the hammer, buyer’s premium and applicable taxes or other fees, if any, as may be required by law. Reserve: The minimum price at which the lot may be sold. Buyer: The person or entity who buys property at auction or private sale. Consignor: The seller, or the seller’s representative, on behalf of whom we are selling the Property. Lot:The single item or group of items offered by us for sale. Property: The item or items comprising an auction lot being offered for sale. BUYER’S PREMIUM The Buyer shall pay a Buyer’s Premium per lot which shall be retained by MA as follows: Eighteen percent (18%) of the first $250,000.00 of the bid price, twelve percent (12%) of the amount of the bid price above $250,000.00 up to and including $1,000,000.00, and ten percent (10%) of the amount of the bid price over $1,000,000.00. If you choose to pay by credit card (Visa, Mastercard or Discover only) or any other form of payment, the buyer’s premium is twenty-one percent (21%) of the first $250,000.00 of the bid price, fifteen percent (15%) of the amount of the bid price above $250,000.00 up to and including $1,000,000.00, and twelve percent (12%) of the amount of the bid price over $1,000,000.00. Internet Buyer’s Premium is twentythree percent (23%) of the first $250,000.00 of the bid price and eighteen percent (18%) of the amount of the bid price over $250,000.00. TERMS OF SALE a.The Purchase of and Payment for Property The sale of a lot shall be to the highest bidder as determined by the auctioneer, in accord with these Conditions of Sale.Title to the lot shall pass with the fall of the Auctioneer’s hammer. Buyer shall pay the Purchase price, as defined above, and such other fees as may be due, in full, within seven (7) days of the auction sale. Sale is not final and property will not be released to Buyer until good funds for all amounts due, are received by MA. Payment may be made (i) in cash, (ii) by wire transfer (additional $15 fee), (iii) by money order or other guaranteed funds, or (iv) by personal check (when buyer’s credit is approved). No lot shall be transferred by Buyer to another person until the sale is final. In the event of partial payment for any lot or lots we shall
apply payments, in our discretion, to the lot or lots we select.The Buyer grants MA a security interest in the purchased Property, and we may retain as collateral any property purchased and any funds in our possession, to secure a Buyer’s obligations to us, if any.We retain the rights of a secured party under the California Commercial Code. All fees, taxes, premiums or other sums due and not paid pursuant to this paragraph shall bear interest at 1.5 % per month from the 8th day following the sale to the date paid in full. b. Collection of Property Upon transfer of title, Buyer assumes full responsibility, including risk of loss and damage, for the Property. Purchased property shall be removed at Buyer’s expense within fifteen (15) days after the sale becomes final. Property not removed shall be subject to a service fee of $50, and a storage fee, if retained by MA, of 1% of the purchase price per month. MA may also, in its sole discretion, elect to place the Property in a public storage facility at the Buyer’s sole risk, responsibility and expense. c. Liability for delivery of property If, for any reason whatsoever, we are unable to deliver the purchased Property to the Buyer, MA shall be liable to the Buyer only for the Purchase price paid by the Buyer and in no event shall we be liable for incidental or consequential damages, including, but not limited to, business interruption or loss of profit. d. Available Shipping As a service to the purchaser, MA may be able to pack and ship items as set forth in the provisions for shipping in the paragraph following the terms and conditions of sale. THE AUCTION PROCEDURE a. Registration Bidders must register in advance to bid at auction. (a) If by mail or on the Internet please comply with, sign and send back the requisite form or absentee bid. (b) To telephone bid, Bidders must complete, sign and fax a copy of the Telephone Bid Registration Form, which is available only by calling MA. Telephone lines are limited, and available on a firstcome, first-serve basis. Registration to bid by telephone must be completed by 5 p.m. the day prior to the auction. (c) When intending to bid in person, pre register at the desk and obtain a bidding paddle. The auctioneer may refuse to recognize any person not registered and not having a paddle number. MA reserves the right at its sole discretion, to refuse anyone the right to register and participate at an auction. b. Announcements We may, at the commencement of, or during the Auction, announce changes in or modifications to the Conditions of Sale or descriptions of Property. c. Absentee Bids For a Buyer’s convenience, absentee bids will be accepted, when properly executed and submitted in a timely manner. However, we neither accept any responsibility to an absentee bidder, nor any liability whatsoever for a failure to execute the absentee bid for any reason. In the event that identical multiple absentee bids are the highest bids received for the same lot then the earliest received of the competing absentee bids shall prevail at that bid amount. d. Auctioneer’s Discretion The Auctioneer has the absolute discretion to 1) pass a lot or withdraw it from sale at any time prior to its actual sale; 2) refuse to recognize any bidder; 3) refuse to recognize any bid; 4) resolve any dispute between bidders or resolve any doubtful bid by deciding who is the successful bidder or nullifying the auction of the lot and reoffering it for sale. The
Auctioneer’s decision is binding as to disputes arising at auction. If a dispute arises post sale, our records of the sale shall be conclusive. Both the Auctioneer and MA shall be without any liability whatsoever resulting from the exercise of the discretion referred to herein. e. Reserves All Property is offered for sale subject to a Reserve unless otherwise stated by us at time of sale. MA may protect the Reserve by an initial bid or continued bidding on behalf of the consignor. Any bids by MA staff after the Reserve is met shall be made only on behalf of registered bidders. Neither the consignor nor an agent or representative of the consignor is allowed to bid on their own property. DISCLAIMER OF WARRANTIES Except for warranty of title, neither we nor the Consignor make any warranties, guarantees or representation, express or implied, with respect to the Property, including, but not necessarily limited to, any implied warranty of “fitness for purpose” or “merchantability.” Any and all statements and descriptions in any catalogue or elsewhere by MA, relating to age, attribution, authenticity, size, genuineness, provenance, historical relevance or significance, physical condition, importance, quality, quantity, rarity, period, culture, source or origin, are presented as statements of qualified opinion only. MA’s disclaimer of liability covers information contained in catalogues, and all other printed material published by us, including condition reports. Buyers assume the responsibility to inspect the Property and make their own decision as to the nature, quality and value of the Property. Neither MA nor the Consignor make any warranty or representation with regard to the existence of or the transfer of intellectual property rights, except and to such extent as may, from time to time, be explicitly stated. No employee of MA is authorized to nor shall make any warranty or representation on MA’s behalf, except as stated in the catalog or in any written addendum. ESTIMATES OF VALUE All estimates of value as published in our Catalogues or elsewhere are statements of qualified opinion as to the range of the price a willing buyer might pay for the Property at auction. The actual price paid at auction or subsequently, may vary substantially from the estimates. MA shall not be liable for any such differential. BUYER’S DEFAULT If a Buyer fails to pay for purchased Property, or otherwise does not comply with these Conditions of Sale, the Buyer shall be in default. In addition to all remedies available in law, to MA and to the Consignor, the Buyer shall be liable for the entire Purchase price. Additionally, at our option, we may either cancel the sale and retain all payments made by Buyer as well as retain any and all Property of Buyer in our possession as security against payment of the sums in default, or we may re-offer the Property for sale, at auction or privately, without reserve. Buyer shall be liable to us and the Consignor for the additional fees, commissions and costs on both sales (including handling, storage and court costs and attorney’s fees) resulting from the cancellation or resale of the Property and in the event of resale, any deficiency which may result. RESCISSION The sole and exclusive remedy, available only to the original buyer, is the limited right of rescission set forth herein. MA will cancel the sale of Property if
the original buyer establishes to our satisfaction that there has been a breach of the Consignor’s warranty of title, or that the identification of Authorship* of the Property as set forth in Bold Type Heading is not substantially correct, based on a fair reading of the Catalogue (as may be amended by posted or announced changes.) IN ALL INSTANCES, YOU MUST GIVE WRITTEN NOTICE TO US WITHIN 30 DAYS OF THE SALE OF THE PROPERTY, SETTING FORTH THE BASIS FOR YOUR CLAIM AND, AT YOUR SOLE EXPENSE AND RISK, RETURN THE PROPERTY IN QUESTION TO MA WITHIN SEVEN (7) DAYS AFTER NOTICE IS GIVEN AND IN THE SAME CONDITION AS WHEN SOLD. Upon review of the claim and the property, if we are satisfied with the bases for your claim and the property is in the same condition it was in when sold, MA will rescind the sale and return to you the Purchase price, unless we have already remitted funds to the Consignor. In that event, and at MA’s sole discretion, MA shall either pay you as provided above, or shall pay you only that portion of the Purchase price retained by us (the Seller’s commission, the buyer’s premium and any sales taxes collected) and on your behalf make demand on the Consignor for the balance and upon receipt of the funds remit same to you. Should the Consignor refuse to return the funds to you or to MA, we shall disclose the Consignor’s identity and assign to you any and all rights MA may have against the Consignor. Any and all liability MA may have as agent for the Consignor shall thereupon terminate. BUYER EXPRESSLY UNDERSTANDS AND AGREES THAT MA SHALL HAVE NO OTHER LIABILITY TO THE BUYER EXCEPT FOR THE RETURN OF THE PURCHASE PRICE AND THAT IN NO EVENT SHALL MA BE LIABLE FOR ANY DAMAGES, INCLUDING BUT NOT LIMITED TO INCIDENTAL, CONSEQUENTIAL OR COMPENSATORY DAMAGES OR LOSS OF PROFIT OR BUSINESS OPPORTUNITY. *Authorship refers to the maker or creator of the Property, and the period, social culture, and origin of the Property as stated in the Bold Type Heading for a given lot in our catalogue. It does not refer to the descriptions which may be contained in the information below the Bold Type Heading. MISCELLANEOUS a. Modification: No modification or amendment of the Conditions of Sale shall bind MA unless contained in a writing signed by MA, except as may be posted or published as noted above or verbally announced at time of sale. b. Severability: If, for any reason, any part of the Conditions of Sale is held to be invalid or unenforceable, the remaining portion shall be valid and enforceable. c. Successors and Assigns: The Conditions of Sale shall be binding on all the heirs and assigns of the Buyers and bidders and inure to the benefit of MA’s successors and assigns. d. Jurisdiction, Venue, Choice of Law: Dispute resolution shall occur in Alameda County, California, USA. The provisions of the Conditions of Sale will be construed and disputes determined by application of California Law, without regard to conflicts of law. e. Notice, Service of Process: Buyers agree to accept all notices and service of process relating to dispute resolution at the address provided by Buyer on any registration forms required to be executed as a condition of bidding in our auction. f. Dispute Resolution: All disputes and claims arising out of or relating to events and actions covered herein, brought by or against us, shall be resolved by
mediation or binding arbitration in accord with the procedures set forth below. This provision does not apply to claims brought by the Buyer directly against the Consignor, including, but not limited to any action brought pursuant to the rescission provisions noted above OPTIONAL PROVISIONS Shipping, insurance packaging and handling of purchased lots is at the risk and expense of the purchaser. As a service to the purchaser, MA may ship appropriate items solely via United Parcel Service, (UPS) Ground. MA will not ship by any other method including USPS, and property requiring freight shipment. MA will, in no event insure the property whether or not packaged and shipped by MA. MA shall not, under any circumstances, be liable for the loss, theft or damage to property, including, but not limited to selection of shipper, the acts or omissions of any shipper or the acts or omissions occurring in packing for shipment. It is the purchaser’s responsibility to obtain a shipping quote for any lot being offered, from an outside shipper, prior to the auction date. (As a courtesy, MA may provide quotes for items to be shipped via UPS). Post sale determination of shipping costs does not constitute grounds for cancellation of any purchase made at auction. Purchasers are advised that large and fragile items can be expensive and that MA will ship no property without first obtaining consent from the purchaser and only after packing and shipping costs have been disclosed by MA. When MA is to pack and ship, MA will provide to the bidder with a quote for cost of packing and handling and the UPS fee. The Purchaser is responsible for any insurance of the shipment. Shipment will not be made until both all sums due MA including the shipping and handling fees as quoted, and written confirmation is received that insurance has been waived or has been obtained by purchaser. Shipment may take up to 21 days after payment is received. MEDIATION AND ARBITRATION PROCEDURES (a) Within 30 days of written notice that there is a dispute, the parties or their representatives may meet at a time and place mutually agreed upon, to mediate their differences. If the parties agree, a mediator acceptable to the parties shall be selected. The mediator shall be an attorney, trained in mediation techniques and familiar with commercial law and the California Uniform Commercial Code (UCC). The mediator’s fees shall be shared equally and paid by all parties. At the mediation, all parties shall have actual authority to settle the dispute. Any statements made during, and all aspects of, the mediation process shall be kept confidential and shall not be admissible in any subsequent arbitration or judicial proceeding. Any resolution shall be confidential. (b) If the parties cannot agree to mediation, or if mediation does not resolve the dispute, or in any event no longer than 60 days after receipt of written notice referred to above, the parties shall submit the dispute for binding arbitration before a single neutral arbitrator jointly selected, or absent agreement, selected from the panel of Arbitrators provided by the American Arbitration Association (AAA). If, within 15 days, the parties cannot agree on an arbitrator, then AAA shall select one (1) person as arbitrator in accord with AAA rules. The arbitrator shall be an attorney, experienced in commercial law and with the UCC. The arbitrator shall be required to follow the law in making his award, and the award shall be in writing and shall set forth findings of fact and legal conclusions.(c) The arbitration shall occur within 60 days of the selection of the arbitrator, in either Oakland or San Francisco,
California, unless the parties agree to another location. Discovery and the procedure for the Arbitration shall, unless otherwise agreed to by the parties, follow the procedures and policies of AAA governing commercial arbitration, subject however to the following modifications: 1. All arbitration proceedings shall be confidential. None of the parties nor the arbitrator, may disclose the existence, content or results of the arbitration without the written consent of all parties. 2. The parties shall attempt to agree on the issues to be arbitrated, or identify the disputed issues in writing no later than 45 days prior to arbitration. 3. Unless otherwise agreed by the parties, discovery, if any, shall be limited as follows: (a) Requests for no more than 10 clearly identified categories of documents, to be provided to the requesting party within 14 days of written request therefore; (b) Depositions: No more than two (2) per party, provided however, the deposition(s) are to be completed within one (1) day; (c) Compliance with the above shall be enforced by the arbitrator in accord with California law. 4. Each party shall have no longer than eight (8) hours to present its position. The entire hearing before the arbitrator shall not take longer than three (3) consecutive days, unless all parties agree otherwise in writing. The award shall be made in writing no more than 30 days following the end of the proceeding. Judgment upon the award rendered by the arbitrator may be entered by any court having jurisdiction thereof. Each party shall bear its own attorney’s fees and costs in connection with the proceedings and shall share equally the fees and expenses of the arbitrator. This auction is being conducted in compliance with section 2328 of the Commercial Code, section 535 of the Penal Code, and provisions of the California Civil Code. Bonded pursuant to California Civil Code sec 1812.600 et seq. Bond # 71393954 JEWELRY SOLD AT MICHAAN’S AUCTIONS: It is the responsibility of the bidder to examine carefully any item(s) of potential interest. For all the jewelry sold here at Michaan’s Auctions the following applies: All gemstone weights are approximate. We are aware of the many types of treatments and/ or enhancements used today on diamonds and colored stones. The purpose is to improve their appearance i.e. color and/or clarity. Techniques like heat treatments, color diffusion, irradiated, HTHP, oiling, resin, bleaching, dying and impregnation are just a few techniques known today. Some treatments combined. Some treatments are not detectable using standard gemological procedures. Not all treatments are permanent. Prospective buyers are therefore reminded that unless otherwise noted in the description(s), it must be assumed that some form of enhancement may have been used. Regarding laboratories certification: The certifications mentioned in the descriptions only reflect the opinions of the laboratory. From one laboratory to another they do differ on the degrees of grading and/or treatments. And if a stone has a certificate from a laboratory we cannot guarantee this grading. Watches must be examined carefully. Although we do attempt to mention in our descriptions significant defects, needed repairs, absent stones and the like, we do not guarantee the accuracy or operation of any watch function. Detailed condition reports are available for most pieces. These reports contain more information than
the catalog descriptions. Images shown may appear smaller or larger than actual size. ASIAN ARTS DISCLAIMER: We are aware of the many types of treatments and/ or enhancements used today on jade. The purpose is to improve their appearance, i.e. color and/or clarity. Techniques like bleaching, dying and impregnation are just a few techniques known today. These treatments are not detectable using standard gemological procedures. Not all are permanent. Prospective buyers are therefore reminded that unless otherwise noted in the description(s),1 it must be assumed that some form of enhancement may have been used. 1 Accompanied by a laboratory report stating natural, no evidence of treatment. PROPERTY MADE FROM OR CONTAINING MATERIALS FROM ENDANGERED OR PROTECTED SPECIES Property that contains any percentage of material made or potentially made from endangered and/or other protected species of wildlife are, as a courtesy, marked in the catalogue with the symbol “ * ”. Michaan’s Auctions does not accept any responsibility or liability for failing to mark such lots. Such material includes, but is not limited to, ivory, tortoise shell, crocodile skin, whalebone, rhinoceros horn, some species of coral and certain woods. Prospective buyers are advised that several countries completely prohibit importation of property made, all or in part, of proscribed materials. Some countries require special permits, such as a CITES permit, from the relevant regulating authority in the countries of exportation and importation as well. Potential buyers intending to import the property into another country should be familiar with the relevant customs laws and regulations prior to bidding on property containing wildlife material. Regulations may vary as the U.S. prohibits importation of articles containing material(s) from species it has designated endangered or threatened if the articles are less than 100 years old. It shall be the potential buyer’s sole responsibility to research and satisfy the requirements of any laws and regulations that apply to the import and export of property as described in the aforementioned paragraphs. Prospective buyers must also note that the inability or delay in obtaining permits, licenses or other permissions to import or export property containing potentially regulated wildlife material will not constitute a basis for rescission or cancellation of the sale of said property or the delay in payment of purchased items in accordance with the Conditions of Sale. NO GUARANTEE OF AUTHENTICITY FOR CHINESE PAINTINGS Currently, scholarship in the field of Chinese paintings precludes the ability to provide unqualified
statements or opinions as to Authorship or date of execution. The terms for RESCISSION in the Conditions of Sale, (as set out on our internet site and in our catalogues) does not apply to Chinese paintings. However, if within twenty (20) days of the sale of any such lot, the original purchaser provides Michaan’s with both written notice that the lot is a forgery, and within seven (7) days after written notice, said purchaser returns the lot to us in the same condition as when sold and demonstrates to our satisfaction that the lot is a forgery, Michaan’s will rescind the sale and refund the purchase price received to the original purchaser. “Forgery” for the purposes of this provision, is defined as a work created with the intent to deceive. Definitions of Authorship: This is to qualify the relationship between the object and the named person in the catalogue. The following conventions for attribution are used by Michaan’s Auctions: Giovanni Bellini: In our opinion a work by the artist. When the artist’s forename(s) is not known, a series of asterisks, followed by the surname of the artist, whether preceded by an initial or not, indicates that in our opinion the work is by the artists named. Attributed to Giovanni Bellini: In our opinion probably a work by the artist but less certainty as to authorship is expressed than in the preceding category. Studio of Giovanni Bellini: In our opinion a work by an unknown hand in the studio of the artist, which may or may not have been executed under the artist’s direction. Circle of Giovanni Bellini: In our opinion a work by an as yet unidentified by distinct hand, closely associated with the named artist but not necessarily his pupil. Style of ......; follower of Giovanni Bellini: In our opinion a work by a painter working in the artist’s style, contemporary or near contemporary, but not necessarily his pupil. Manner of Giovanni Bellini: In our opinion a work in the style of the artist and of a later date. after Giovanni Bellini: In our opinion a copy of a known work of the artist. The term signed and/or dated and/or inscribed means that in our opinion the signature and/or date and/or inscription are from the hand of the artist. The term bears a signature and/or date and/or inscription means that in our opinion the signature and/or date and/or inscription have been added by another hand. “bearing signature...”/”bearing date...”/”bearing inscription...” In our opinion the signature/date/inscription is by a hand other than that of the artist. Typical Headings:
FURNITURE George III Mahogany Chest of Drawers Third Quarter 18th Century This heading, with date included, means that the piece is, in our opinion, of the period indicated with no major alterations or restorations. George III Mahogany Chest of Drawers This heading, without the inclusion of the date, indicates that, in our opinion, the piece, while basically of the period, has undergone significant restoration and alteration. George III Style Mahogany Chest of Drawers The inclusion of the word “style” in the heading indicates that, in our opinion, the piece was made as an intentional reproduction of an earlier style. BRONZES Antoine-Louis Barye This heading indicates that the casting and patination were done by the artist or with his direct authorization or supervsion. Cast After a Model by Antoine-Louis Barye This heading indicates that the casting and patination of a known Barye model were done by another, i.e., artisans at the F. Barbedienne or other foundry. CERAMICS Meissen Porcelain Cup and Saucer Late 19th Century This states that the cup and saucer were made at the Meissen factory in the last quarter of the 19th Century. Meissen Porcelain Cup and a Saucer Late 19th Century Again, this states that the cup and saucer were made at the Meissen factory in the last quarter of the 19th Century, but it also indicates that the cup and saucer may not have been “born” together. Meissen Porcelain Cup and Saucer Circa 1900 This states that the cup and saucer are of Meissen style, and although of the date specified, not necessarily made at the Meissen factory. ‘Meissen’ Porcelain Cup and a Saucer 19th Century This states that the cup and saucer are of Meissen style, and although of the date specified, not necessarily made at the Meissen factory. Meissen Porcelain Cup and Saucer The title without a specific date simply states that the pieces were made at the Meissen factory but does not specify when, implying that their age is questionable.
Bid Increments Minimum Value from US $ 0 from US $ 50 from US $ 200 from US $ 500 from US $ 1,000 from US $ 2,000 from US $ 5,000 from US $ 10,000 from US $ 20,000
Maximum Value to US $ 49 to US $ 199 to US $ 499 to US $ 999 to US $ 1,999 to US $ 4,999 to US $ 9,999 to US $ 19,999 and above
Expected Bid Increment US $ 5 US $ 10 US $ 25 US $ 50 US $ 100 US $ 250 US $ 500 US $ 1,000 US $ 2,500
$ 0D\ (VWDWH $XFWLRQ )5$1&2,6 ;$9,(5 ,6$%(<
6W\OH RI :,//,$0 32:(// )5,7+
%ULWLVK WK &HQWXU\
3RUWUDLW RI 6LU :LOOLDP %XQEHUU\ [ LQFKHV )UDPH [ LQFKHV
(VWLPDWH
%ULWLVK
8QWLWOHG /RYHUV [ LQFKHV )UDPH [ LQFKHV 8QVLJQHG
(VWLPDWH
)5(1&+ 6&+22/
WK &HQWXU\
3RUWUDLW RI D /DG\ LQ D *UHHQ 6KDZO [ LQFKHV [ LQFKHV
(VWLPDWH
WK &HQWXU\
8QWLWOHG <RXQJ /RYHUV [ LQFKHV
(VWLPDWH $121<0286
$WWULEXWHG WR 4XLULQJK *HUULWV] %UHNHOLQNDP
WK &HQWXU\
3RUWUDLW RI D *HQWOHPDQ [ LQFKHV )UDPH [ LQFKHV
(VWLPDWH
'XWFK
&RQYHUVDWLRQ :KLOH &OHDQLQJ WKH 'DLO\ &DWFK [ LQFKHV )UDPH [ LQFKHV 8QVLJQHG
(VWLPDWH (1*/,6+ 6&+22/
$IWHU %(51$5'86 -2+$11(6 %/200(56
WK WK &HQWXU\
3RUWUDLW RI 7KRPDV 2VERUQH WK 'XNH RI /HHGV [ LQFKHV )UDPH [ LQFKHV ,QVFULEHG O U 7KRPDV WK 'XNH RI /HHGV % '
(VWLPDWH
(VWLPDWH
'XWFK
,QWHULRU 6FHQH ZLWK )DPLO\ DW 6XSSHU [ LQFKHV )UDPH [ LQFKHV 3ODTXH VLJQHG O U Q % - %ORPPHUV 1 PHDQLQJ QDDU DIWHU
RU QRW E\ ZLWK WULDQJOH FRQWDLQLQJ LQLWLDOV (6 DQG +ROODQG EHORZ
(1*/,6+ 6&+22/
WK &HQWXU\
8QWLWOHG <RXQJ 6WUHHW 8UFKLQ [ LQFKHV )UDPH [ LQFKHV 6LJQHG O O LOOHJLEO\
(VWLPDWH
)RU PXOWLSOH YLHZV DQG FRORU SKRWRV JR WR FDWDORJ PLFKDDQV FRP
3DJH
$ 0D\ (VWDWH $XFWLRQ 5(1( &28785,(5
$1721,2 '(9,7<
1HWKHUODQGV E
$UEUHV 1R 7UHHV [ LQFKHV 8QIUDPHG 6LJQHG O O DQG VLJQHG WLWOHG DQG GDWHG YHUVR
(VWLPDWH
(VWLPDWH
,WDOLDQ
/RW RI ZRUNV E\ $QWRQLR 'HYLW\ 3DULV 6WUHHW 6FHQH DQG ZLWK LOOHJLEOH VLJQDWXUH RI DEVWUDFW LQWHULRU VFHQH 'HYLW\ [ LQFKHV IUDPH [ LQFKHV $EVWUDFW ,QWHULRU 6FHQH 6LJKW [ IUDPH [ LQFKHV (DFK VLJQHG O U
5(1( &28785,(5
1HWKHUODQGV E
1R 5RXJH [ LQFKHV )UDPH [ LQFKHV 6LJQHG O O
3,(752 3,&&2/,
,WDOLDQ E
7KUHH 6DLO %RDWV 6LJKW [ LQFKHV )UDPH [ LQFKHV 6LJQHG O O
(VWLPDWH &+$5/(6 /(9,(5
(VWLPDWH
)UHQFK $PHULFDQ
6XU /D *UHWH [ LQFKHV )UDPH [ LQFKHV 6LJQHG O U DQG DQQRWDWHG YHUVR
3RVVLEO\ WK &HQWXU\ 6DLQW [ LQFKHV )UDPH [ LQFKHV
(VWLPDWH 0$5,( /28,6( 2*,(5
(VWLPDWH
)UHQFK E
3DLU RI 6WLOO /LIH (DFK PHDVXUHV [ )UDPH PHDVXUHV [ LQFKHV DQG [ LQFKHV (DFK VLJQHG DQG RQH GDWHG DQG VWDPSHG YHUVR
$121<0286
WK &HQWXU\ 6DLQW -HURPH ZLWK /LRQ DQG $QJHO [ LQFKHV )UDPH [ LQFKHV
(VWLPDWH (VWLPDWH
)RU PXOWLSOH YLHZV DQG FRORU SKRWRV JR WR FDWDORJ PLFKDDQV FRP
3DJH
$ 0D\ (VWDWH $XFWLRQ &8=&2 6&+22/
&(6$5 %8(1$9(1785$
3KLOLSSLQHV
0DQLOD DW GXVN [ LQFKHV )UDPH [ LQFKHV 6LJQHG WLWOHG DQG GDWHG O U
7ZR :RUNV $UFKDQJHO *DEULHO DQG 6W 0LFKDHO WKH $UFKDQJHO 6LJKW [ LQFKHV DQG [ LQFKHV
(VWLPDWH
(VWLPDWH 2/,9(5 &25%(7
/8,*, 67()$12 &$11(//,
$PHULFDQ
5RDULQJ 5LYHU 6WDWH 3DUN &DVVYLOOH 02 [ LQFKHV )UDPH [ LQFKHV 6LJQHG O O
,WDOLDQ WK VW &HQWXULHV
8QWLWOHG 5HQDLVVDQFH )LJXUHV [ LQFKHV [ LQFKHV 6LJQHG DQG GDWHG O U
(VWLPDWH
(VWLPDWH .(787 62.,
+$/ ( %,6+23
WK &HQWXU\
3HQHVWDQDQ 8%8' %DOLQHVH )HVWLYDO [ LQFKHV )UDPH [ LQFKHV 6LJQHG DQG WLWOHG O U
(VWLPDWH
$PHULFDQ WK &HQWXU\
&RYHUHG :DJRQ 2UHJRQ 7UDLO [ LQFKHV )UDPH [ LQFKHV 6LJQHG DQG GDWHG O U
(VWLPDWH +$/ ( %,6+23
%$/,1(6( 8%$' 029(0(17
$PHULFDQ WK &HQWXU\
&DOLIRUQLDQ )LVKHUPHQ [ LQFKHV )UDPH [ LQFKHV 6LJQHG DQG GDWHG O U
WK &HQWXU\
0LQLDWXUH JRXDFKH SDLQWLQJ 8%DG $UWLVW 0RYHPHQW 6LJKW [ LQFKHV )UDPH [ LQFKHV
(VWLPDWH
(VWLPDWH
$/%(57 /,266(/,1
3DLU RI 3HUVLDQ 0LQLDWXUHV
(DUO\ WK &HQWXU\
3DWK RQ +LOO [ LQFKHV 6LJQHG O U
(DFK PHDVXUH VLJKW [ LQFKHV )UDPH [ LQFKHV
(VWLPDWH
(VWLPDWH
)RU PXOWLSOH YLHZV DQG FRORU SKRWRV JR WR FDWDORJ PLFKDDQV FRP
3DJH
$ 0D\ (VWDWH $XFWLRQ *(2))5(< +2/7
$/)5(' 5$< %855(//
%ULWLVK &DOLIRUQLDQ
8QWLWOHG $XWXPQ :RRGV [ LQFKHV 6LJQHG O U
(VWLPDWH
&DOLIRUQLDQ
&DVWOH 5RFN 6DQWD %DUEDUD [ LQFKHV $QQRWDWHG YHUVR E\ $ 5D\ %XUUHOO IURP D SKRWRJUDSK -DQ &DVWOH 5RFN 6DQWD %DUEDUD
(VWLPDWH +(15< $/(;$1'(5
0$85,&( /2*$1
$PHULFDQ
7KUHH 0XVLFLDQV ZLWK D 'RJ [ LQFKHV )UDPH [ LQFKHV
(VWLPDWH
$PHULFD
8QWLWOHG %DWWOH 6FHQH [ LQFKHV 6LJQHG DQG GHGLFDWHG O O 0DXULFH /RJDQ WR P\ IULHQG $OIUHU 2ZOHV
(VWLPDWH 0$; 3$56216
('28$5' $1721,1 9<6(.$/
(QJOLVK
3DLU RI VKLS SDLQWLQJV 6LJKW [ LQFKHV DQG IUDPH [ LQFKHV 6LJKW [ LQFKHV DQG IUDPH [ LQFKHV /DUJHU SDLQWLQJ VLJQHG O U DQG VPDOOHU SDLQWLQJ XQVLJQHG
(VWLPDWH
&DOLIRUQLDQ
8QWLWOHG 'HVHUW /DQGVFDSH 6LJKW [ LQFKHV )UDPH [ LQFKHV 6LJQHG O U
(VWLPDWH
-($11(77( 0$;),(/' /(:,6
3$75,&. 9,1&(17 %(55<
$PHULFDQ
6XPPHU &ORXGV [ LQFKHV [ FHQWLPHWHUV 6LJQHG ORZHU ULJKW - 0 /HZLV 9HUVR $UWLVW V ODEHO -HDQQHWWH 0D[ILHOG /HZLV 6XPPHU &ORXGV
$PHULFDQ
&RZV LQ )RUUHVW 6LJKW [ LQFKHV )UDPH [ LQFKHV 6LJQHG O U
(VWLPDWH
(VWLPDWH
)UDPH [ LQFKHV [ FHQWLPHWHUV
.$7+< :,3)/(5
$PHULFDQ VW &HQWXU\
*UH\ :ROI 6WXG\ [ LQFKHV )UDPH [ LQFKHV 6LJQHG O O DQG DQQRWDWHG YHUVR
(VWLPDWH
)RU PXOWLSOH YLHZV DQG FRORU SKRWRV JR WR FDWDORJ PLFKDDQV FRP
3DJH
$ 0D\ (VWDWH $XFWLRQ $57+85 +,// *,/%(57
-26+8$ 0($'25
$PHULFDQ
&DUPHO 0LVVLRQ [ LQFKHV [ FHQWLPHWHUV 6LJQHG ORZHU OHIW $UWKXU +LOO *LOEHUW
(VWLPDWH
)UDPH [ LQFKHV [ FHQWLPHWHUV
$PHULFDQ
(DVWHU [ LQFKHV 6LJQHG O U DQG DQQRWDWHG YHUVR
(VWLPDWH 0,6&+$ $6.(1$=<
&+$5/(6 &+$3(/ -8'621
&DOLIRUQLDLQ
$ 3DLU $ 3RUWUDLW RI D /DG\ DQG D *HQWOHPDQ 3RUWUDLW RI D /DG\ [ LQFKHV 3RUWUDLW RI D *HQWOHPDQ [ LQFKHV DQG IUDPH [ LQFKHV 3RUWUDLW RI D /DG\ VLJQHG O O
$PHULFDQ
6WRUP &ORXGV QHDU )UXLWYDOH [ LQFKHV [ FHQWLPHWHUV
(VWLPDWH
)UDPH [ LQFKHV [ FHQWLPHWHUV
(VWLPDWH
52%(57 =$5,//2
(':$5' :,/621 &855,(5
$PHULFDQ WK &HQWXU\
*ROGHQ *DWH )LHOGV [ LQFKHV )UDPH [ LQFKHV 6LJQHG DQG GDWHG O O
(VWLPDWH
&DOLIRUQLDQ
&DOLIRUQLD 6XQVHW 6LJQHG DQG GDWHG O O
(VWLPDWH $/(;$1'(5 $ '=,*856.,
-,00< /(( 68''(7+
$XVWUR +XQJDULDQ
6XQVHW RYHU WKH 3DFLILF 2FHDQ [ LQFKHV )UDPH [ LQFKHV 6LJQHG O U DQG VWDPSHG YHUVR
(VWLPDWH
$PHULFDQ
)DUPHU [ LQFKHV 6LJQHG LQ KDW
(VWLPDWH -26(3+ 3 0&0((.,1
,ULVK
7KUHH %URWKHUV <RVHPLWH 9DOOH\ [ LQFKHV )UDPH [ LQFKHV 6LJQHG DQG GDWHG O U
(VWLPDWH
)RU PXOWLSOH YLHZV DQG FRORU SKRWRV JR WR FDWDORJ PLFKDDQV FRP
3DJH
$ 0D\ (VWDWH $XFWLRQ 0$57,1 %$(5
7+20$6 52/$1'621
$PHULFDQ
7KUHH %LUGV [ LQFKHV 6LJQHG DQG GDWHG O U &DOIRUQLD 3DODFH RI WKH /HJLRQ RI +RQRU ODEHO YHUVR
(VWLPDWH
(QJOLVK
%OLQG 6FRWFK 3LSHU 6LJKW [ LQFKHV )UDPH [ LQFKHV 6LJQHG O U
(VWLPDWH 5$<021' 0$57,1 $%(<7$
-2+1 (':$5' *22'$//
1HZ 0H[LFR E
$EVWUDFW [ LQFKHV 6LJQHG DQG DQQRWDWHG YHUVR
(VWLPDWH
(QJOLVK
:RPDQ ZLWK )DQ 6LJKW [ LQFKHV 6LJQHG O U
(VWLPDWH $WWULEXWHG WR /28,6( 5$<1(5
+(50$1 )5(' 7(1 .$7(
'XWFK
0DQ ZLWK 3URVWLWXWH LQ D %HGURRP 6LJKW [ LQFKHV )UDPH [ LQFKHV 6LJQHG O U
(QJOLVK
9LFWRULDQ (QJODQG 9LHZ RI D &DWKHGUDO IURP WKH &LW\ 6WUHHWV 6LJKW [ LQFKHV 8QVLJQHG
(VWLPDWH
(VWLPDWH +$55,621 ),6+(5
+8%(57 :,//,$06
$PHULFDQ
)HPDOH 3URILOH 6LJKW [ LQFKHV )UDPH [ LQFKHV 6LJQHG DQG GDWHG O U
6RXWKZDUN &DWKHGUDO [ LQFKHV )UDPH [ LQFKHV 6LJQHG DQG GDWHG LQ LQN
(VWLPDWH
(VWLPDWH
/(:,6 :22' 3+<6,2&
*(25*( %5<$17 &$03,21
$PHULFDQ
%RDWV LQ WKH +DUERU 6LJKW [ LQFKHV [ FHQWLPHWHUV 6LJQHG ORZHU OHIW /HZLV 3K\VLRF
(QJOLVK
)LJXUHV ZLWK +RUVHGUDZQ &DUW 6LJKW [ LQFKHV 6LJQHG DQG GDWHG LQ SHQFLO O O
(VWLPDWH
(VWLPDWH
)RU PXOWLSOH YLHZV DQG FRORU SKRWRV JR WR FDWDORJ PLFKDDQV FRP
)UDPH [ LQFKHV [ FHQWLPHWHUV
3DJH
$ 0D\ (VWDWH $XFWLRQ )(/,&( &$625$7,
:22':$5' 3$<1(
,WDOLDQ
7UDYHOHU ZLWK )ORZHUV [ LQFKHV [ FHQWLPHWHUV 6LJQHG ORZHU FHQWHU ) &DVRUDWL
(VWLPDWH
)UDPH [ LQFKHV [ FHQWLPHWHUV
$PHULFDQ E
)DOO $VSHQ ,,, [ LQFKHV )UDPH [ LQFKHV 6LJQHG O O
(VWLPDWH 3$8/ :211(5
3+,/ 3$5$',6(
$PHULFDQ
6WLOO /LIH ZLWK %XG 3ODWH LQFKHV [ LQFKHV 6LJQHG DQG GDWHG O U DQG QXPEHUHG O O
$PHULFDQ
7KH 5RDG WR 4XHVDOWHQDQJR [ LQFKHV 0DW PHDVXUHV [ LQFKHV 6LJQHG O U DQG EOLQG VWDPS O O YHULWDEOH SDSLHU G DUFKHV 7RUFKRQ
(VWLPDWH
(VWLPDWH
3(7(5 .,7&+(//
*$/(1 :2/)
$PHULFDQ E
ZRUNV +XPDQ /LPLW $ +XPDQ /LPLW % +XPDQ /LPLW &
(DFK ZRUN [ LQFKHV )UDPH [ LQFKHV (DFK ZRUN VLJQHG DQG WLWOHG LQ SHQFLO
$PHULFDQ
%UHDN LQ 6WRUP 6LJKW [ LQFKHV )UDPH [ LQFKHV 6LJQHG O U
(VWLPDWH
(VWLPDWH
5(1( &28785,(5
$50$1' &8/75(5$ 0217$/'2
1HWKHUODQGV E
/D 6LHVWH [ LQFKHV )UDPH [ LQFKHV 6LJQHG DQG GDWHG O U
$UJHQWLQLDQ
-DUGLQ GX 3DODFH )LQH $UWV 6 ) 6LJKW [ LQFKHV )UDPH [ LQFKHV 6LJQHG DQG WLWOH O O
(VWLPDWH
(VWLPDWH
5(1( &28785,(5
-867,1 )$,95(
1HWKHUODQGV E
-ROLH )HPPH [ LQFKHV )UDPH [ LQFKHV 6LJQHG LQ LQN O U
$PHULFDQ
&OD\WRQ 6WUHHW 6LJKW [ LQFKHV 6LJQHG DQG GDWHG O O
(VWLPDWH
(VWLPDWH
)RU PXOWLSOH YLHZV DQG FRORU SKRWRV JR WR FDWDORJ PLFKDDQV FRP
3DJH
$ 0D\ (VWDWH $XFWLRQ 6LJQHG / 3(**,$11,
+$/ ( %,6+23
(DUO\ WK &HQWXU\
3DLU RI 8QWLWOHG 'HVHUW /DQGVFDSHV [ LQFKHV )UDPH [ LQFKHV %RWK VLJQHG O U
(VWLPDWH
$PHULFDQ WK &HQWXU\
&RZER\ RQ +RUVH 6LJKW [ LQFKHV )UDPH [ LQFKHV 6LJQHG DQG GDWHG O U
(VWLPDWH *,86(33( $//(=$5'
3RVVLEO\ *HUPDQ
WK WK &HQWXU\
+DQGZULWWHQ GRFXPHQW ZLWK ZD[ VHDOV FUHVW DQG SDLQWHG VFHQHV RI KRXQGV DQG ELUGV [ LQFKHV )UDPH [ LQFKHV
(VWLPDWH
(VWLPDWH
,WDOLDQ WK &HQWXU\
1LQH KDQGFRORUHG HQJUDYLQJV RI VKLSV (DFK HQJUDYLQJ GHSLFWV D GHWDLOHG YLHZ RI VKLS ZLWK YHVVHO QDPH DQG GHVLJQDWHG FRDW RI DUPV VHDO 3ODWH [ LQFKHV 7ZR IUDPHG [ LQFKHV XQIUDPHG
0,*8(/ &29$558%,$6
8QWLWOHG 7ZR )DFHV 6LJKW [ LQFKHV )UDPH [ LQFKHV 6LJQHG O U 'HGLFDWHG LQ SHQFLO 7R 6KLUOH\ %DQNV O U
$1721, &/$9e
6SDQLVK
/D %RXWHLOOH 6KHHW [ LQFKHV 8QIUDPHG PDW PHDVXUHV [ LQFKHV 6LJQHG LQ SHQFLO O U DQG QXPEHUHG O O
(VWLPDWH (VWLPDWH (8*(1( %(50$1
5XVVLDQ
8QWLWOHG )DQWDV\ [ LQFKHV )UDPH [ LQFKHV ,QLWLDOHG LQ ORZHU FHQWHU ( % DQG GDWHG 'DWHG O U -XO\ 'HGLFDWHG DORQJ WRS WR )UHG DQG (YD 0DULD 1HXPH\HU YHU\ VPLO\
0$85,&( '(1,6
)UHQFK
/D 'HSHFKH GH 7RXORXVH 6LJKW [ LQFKHV )UDPH [ LQFKHV
(VWLPDWH (VWLPDWH
)RU PXOWLSOH YLHZV DQG FRORU SKRWRV JR WR FDWDORJ PLFKDDQV FRP
3DJH
$ 0D\ (VWDWH $XFWLRQ 7+(23+,/( $/(;$1'5( 67(,1/$1
/,8'0,/$ .21'$.29$
6ZLVV
$FDGHPLH 1DWLRQDOH GH 0XVLTXH 6LJKW [ LQFKHV )UDPH [ LQFKHV
(VWLPDWH
(VWLPDWH
)(51$1' /28,6 *277/$%
/29,6 &25,17+
)UHQFK
/HV 0DLWUHV GH O DIILFKH SODWH 3ODWH [ LQFKHV )UDPH [ LQFKHV 6LJQHG LQ SODWH
(VWLPDWH
5XVVLDQ E
/RW RI IRXU PLQLDWXUHV VKRZLQJ *UHHN DQG 9HQHWLDQ VFHQHV (DFK OLWKRJUDSK UDQJHV IURP [ LQFKHV WR [ LQFKHV )UDPH PHDVXUHV [ LQFKHV WR [ LQFKHV (DFK LQLWLDO O U DQG QXPEHUHG
*HUPDQ
'DV KRKH /LHG %RRN PHDVXUHV [ LQFKHV 3XEOLVKHG E\ 3DXO &DOOLHU %HUOLQ 1XPEHU RI HGLWLRQ RQ 6WUDWPRUH -DSRQ SDSHU
(VWLPDWH 6$/9$'25 '$/,
6SDQLVK
7KH *ROGHQ +HOPHW RI 0HPEULQR 3ODWH [ LQFKHV )UDPH [ LQFKHV 6LJQHG LQ SHQFLO O U DQG QXPEHUHG + &
(VWLPDWH
(00$ 6&+/$1*(1+$86(1 *HUPDQ (DUO\ WK FHQWXU\
,OOXVWULHUWH &KULVWXVZRUWH %RRN PHDVXUHV [ LQFKHV (DFK ZRRGEORFN [ LQFKHV ZRRGEORFN ZLWK DQQRWDWLRQ DQG VLJQDWXUH LQ SHQFLO EHORZ
(VWLPDWH 6$/9$'25 '$/,
6SDQLVK
+HOO &DQWR 'LYLQH &RPHG\ 3ODWH [ LQFKHV )UDPH [ LQFKHV 6LJQHG LQ SODWH
.(1'5,&. %(//
$PHULFDQ WK &HQWXU\
$W 7KH =RR $ %RRN 2I %ORFN 3ULQWV RI :LOG $QLPDOV 6NHWFKHG $W :DVKLQJWRQ 3DUN =RR 7LWOH SDJH [ LQFKHV $QLPDO SULQWV UDQJH IURP [ WR [ LQFKHV
(VWLPDWH (VWLPDWH
)RU PXOWLSOH YLHZV DQG FRORU SKRWRV JR WR FDWDORJ PLFKDDQV FRP
3DJH
$ 0D\ (VWDWH $XFWLRQ *5$&( 6/,&.
/(52< 1(,0$1
$PHULFDQ E
7KH &KHVKLUH &DW IURP WKH $OLFH LQ :RQGHUODQG 6XLWH 6LJKW [ LQFKHV 6LJQHG O U DQG QXPEHUHG O O
(VWLPDWH
$PHULFDQ
8QWLWOHG %R[HUV 3ODWH [ LQFKHV 6KHHW [ LQFKHV 6LJQHG LQ SHQFLO O U DQG QXPEHUHG O O
(VWLPDWH
(':$5' *25(<
(VWLPDWH
WK &HQWXU\
/RW RI SULQWV IURP 3%6 0\VWHU\ 6HULHV 7ULSW\FK PHDVXUHV [ LQFKHV ZLWK IUDPH PHDVXULQJ [ LQFKHV 6LQJXODU SULQW PHDVXUHV [ LQFKHV ZLWK IUDPH PHDVXULQJ [ LQFKHV ,QLWLDOHG (* LQ SODWH (DFK EOLQG VWDPSHG ZLWK GDWH DQG QXPEHUHG UHVSHFWLYHO\ DQG
3(7(5 0$;
$PHULFDQ E
6WDWXH RI /LEHUW\ 6LJKW [ LQFKHV )UDPH [ LQFKHV &XVWRP IUDPHG DQG PDWWHG 6LJQHG DQG GDWHG ZLWK GUDZLQJV RI 6DWXUQ DQG LW V PRRQV LQ EODFN LQN
(VWLPDWH
3(7(5 0$;
$PHULFDQ E
6WDWXH RI /LEHUW\ 6LJKW [ LQFKHV )UDPH [ LQFKHV 6LJQHG DQG GDWHG O U DQG QXPEHUHG O O
+$11$ DQG %$5%$5$
$PHULFDQ WK &HQWXU\
7KH )OLQWVWRQHV 6LJKW [ LQFKHV )UDPH [ LQFKHV 6LJQHG DQG QXPEHU LQ SHQFLO
(VWLPDWH
(VWLPDWH
=$2 :28 .,
&KLQHVH ERUQ )UHQFK
8QWLWOHG $EVWUDFW &RPSRVLWLRQ 3ODWH [ LQFKHV 6KHHW [ LQFKHV 6LJQHG DQG GDWHG LQ SHQFLO O U DQG QXPEHUHG O O
/(52< 1(,0$1
$PHULFDQ
8QWLWOHG %OXH +RFNH\ 6KHHW [ LQFKHV 6LJQHG LQ SHQFLO O U DQG DQQRWDWHG O O D S
(VWLPDWH
&DW 5DLV 5LYLHUH
(VWLPDWH
)RU PXOWLSOH YLHZV DQG FRORU SKRWRV JR WR FDWDORJ PLFKDDQV FRP
3DJH
$ 0D\ (VWDWH $XFWLRQ 3(7(5 *2,1
(VWLPDWH
$PHULFDQ E
3RUWIROLR DQG FDVH 6FHQHV IURP WKH %ODFN 5RFN 'HVHUW $ 3RUWIROLR RI 3KRWRJUDSKV E\ 3HWHU *RLQ 7KH %ODFN 5RFN 3UHVV 8QLYHUVLW\ RI 1HYDGD 5HQR +DUGFRYHU ERRN 3(7(5 *2,1 %ODFN 5RFN 8QLYHUVLW\ RI 1HYDGD 3UHVV 3RUWIROLR PHDVXUHV [ LQFKHV %RRN PHDVXUHV [ LQFKHV 3RUWIROLR E\ 3HWHU *RLQ HDFK SULQW VLJQHG DQG QXPEHUHG LQ SHQFLO O O
$/'2 /821*$
,WDOLDQ E
5HG %HQFK 3ODWH [ LQFKHV )UDPH [ LQFKHV 6LJQHG LQ SHQFLO O U DQG QXPEHUHG O O $3
(VWLPDWH
.$5-$629 *$/,0
.D]DNKVWDQ E
1RPDGLF )DPLO\ [ LQFKHV )UDPH [ LQFKHV $QQRWDWHG YHUVR
$16(/ $'$06
$PHULFDQ
%RRN DQG FDVH FRYHU $16(/ $'$06 6LHUUD 1HYDGD 7KH -RKQ 0XLU 7UDLO /LWWOH %URZQ DQG &RPSDQ\ 3XEOLVKHG [ LQFKHV
(VWLPDWH (1*/,6+ 6&+22/
WK &HQWXU\
3RUWUDLW RI D %ULWLVK 2IILFHU [ LQFKHV )UDPH [ LQFKHV
(VWLPDWH
+,332/<7( 025($8 )UHQFK $1' 35263(5 /(&2857,(5
(VWLPDWH
(VWLPDWH -8/(6 '835(
3LTXHU DX 5HODLV +XQWHU ZLWK +RXQGV
%URQ]H [ LQFKHV 6WDQG [ LQFKHV 6LJQHG RQ EDVH 6WDPSHG DQG 6RFLHWH GHV %URQ]H GH 3DULV
)UHQFK
8QWLWOHG ,QWHULRU 6FHQH [ LQFKHV )UDPH [ LQFKHV 6LJQHG O O
(VWLPDWH *(25*( 0217*20(5< /(7=
$0(5,&$1 6&+22/
&DOLIRUQLDQ
6FDOS &KLHI +HLJKW LQFKHV :LGWK LQFKHV 'HSWK LQFKHV 6LJQHG GDWHG DQG WLWOHG RQ EDVH *HRUJH 0RQWJRPHU\ /HW] 6FDOS &KLHI
(VWLPDWH
$PHULFDQ ODWH WK &HQWXU\
8QWLWOHG :RPDQ LQ %RDW XQGHU )XOO 0RRQ [ LQFKHV [ FHQWLPHWHUV ,OOHJLEO\ VLJQHG O O
(VWLPDWH
)RU PXOWLSOH YLHZV DQG FRORU SKRWRV JR WR FDWDORJ PLFKDDQV FRP
)UDPH [ LQFKHV [ FHQWLPHWHUV
3DJH
$ 0D\ (VWDWH $XFWLRQ -2+1 &+5,670$6 7+203621
/RXLV ;9 6W\OH +H[DJRQDO 3DQHOHG /DQWHUQ )RUP &KDQGHOLHU
%ULWLVK
$EHU $PIUD +DUERXU %HUPRXWK 1: [ LQFKHV )UDPH [ LQFKHV 6LJQHG ZLWK LQLWLDOV DQG GDWHG O O DQG DQQRWDWHG YHUVR -XO\
(VWLPDWH
^+HLJKW LQFKHV GLDPHWHU LQFKHV`
(VWLPDWH 3DLU RI /RXLV ;9 6W\OH 7ZR /LJKW *ODVV *KLUDQGROHV
3DLU RI /RXLV ;9 6W\OH 1HHGOHSRLQW &KDLUV WK FHQWXU\
KXQJ ZLWK OXVWUHV DQG IUXLW ^+HLJKW LQFKHV`
^'LPHQVLRQV [ [ LQFKHV`
(VWLPDWH (VWLPDWH 3DLU RI /RXLV ;9 6W\OH )DXWHXLOV )LUVW 4XDUWHU WK &HQWXU\
7ZR )UHQFK :LQH 7DEOHV DQG D )UHQFK 3RO\FKURPHG DQG &DQHG -DUGLQLHUH ^'LPHQVLRQV RI )UHQFK ZLQH WDEOH [ [ LQFKHV MDUGLQLHUH KHLJKW LQFKHV ZLGWK LQFKHV`
^'LPHQVLRQV [ [ LQFKHV`
(VWLPDWH
(VWLPDWH /RXLV ;9 6W\OH 9HUQLV 0DUWLQ *LOWZRRG &KLQD &DELQHW ZLWK )ORUDO 9LJQHWWH
3DLU RI )UHQFK 6W\OH 6OLSSHU &KDLUV
ILWWHG ZLWK JODVV VKHOYHV ^'LPHQVLRQV [ [ LQFKHV`
^'LPHQVLRQV [ [ LQFKHV`
(VWLPDWH (VWLPDWH 3DLU RI &KLQHVH ([SRUW 6W\OH 3RUFHODLQ /DPSV ^+HLJKW WR ILQLDO LQFKHV`
(VWLPDWH
)RU PXOWLSOH YLHZV DQG FRORU SKRWRV JR WR FDWDORJ PLFKDDQV FRP
3DJH
$ 0D\ (VWDWH $XFWLRQ 5RFRFR 5HYLYDO :DOQXW 'RXEOH 3HGHVWDO 'LQLQJ 7DEOH
7HFQL 1RYD 8SKROVWHUHG 6RID ^'LPHQVLRQV [ [ LQFKHV`
^'LPHQVLRQV [ [ LQFKHV`
(VWLPDWH
(VWLPDWH %DFFDUDW (LJKW /LJKW &KDQGHOLHU
,WDOLDQ 1HRFODVVLFDO 6W\OH $UPRLUH 0LODQR VWLFNHU
^/HQJWK LQFKHV`
^'LPHQVLRQV [ [ LQFKHV`
(VWLPDWH
(VWLPDWH 7KUHH ,WDOLDQ *LOW 7RROHG /HDWKHU 7RS 7DEOHV
3DLU RI ,WDOLDQ 1HRFODVVLFDO 6W\OH 7ZLQ %HGV
&RPSULVLQJ D FRIIHH WDEOH DQG D SDLU RI HQG WDEOHV ^'LPHQVLRQV RI FRIIHH WDEOH [ [ LQFKHV HQG WDEOHV [ [ LQFKHV`
DQG D QLJKW VWDQG ZLWK EDFNVSODVK DQG PDUEOH WRS ^'LPHQVLRQV RI KHDGERDUGV [ LQFKHV GLPHQVLRQV RI QLJKW VWDQG [ [ LQFKHV`
(VWLPDWH
(VWLPDWH 3DLU RI ,WDOLDQ 1HRFODVVLFDO 6W\OH $UPFKDLUV
,WDOLDQ 1HRFODVVLFDO 6W\OH 0LUURUHG 'UHVVHU ZLWK 0LODQR VWLFNHU
ZLWK D SDLU RI DVVRFLDWHG RWWRPDQV ^'LPHQVLRQV RI FKDLU [ [ LQFKHV RWWRPDQV [ [ LQFKHV`
(VWLPDWH
^'LPHQVLRQV [ [ LQFKHV KHLJKW RI PLUURU LQFKHV`
(VWLPDWH 3DLU RI ,WDOLDQ 1HRFODVVLFDO 6W\OH 6HWWHHV
3DLU RI )UHQFK (QDPHOHG 3LQN &DPDLHX 7UDQVIHU 'HFRUDWHG .HURVHQH /DPSV HOHFWULILHG
ZLWK IOHXU GH OLV IDEULF ^'LPHQVLRQV [ [ LQFKHV`
^+HLJKW WR ILQLDO LQFKHV`
(VWLPDWH
(VWLPDWH
)RU PXOWLSOH YLHZV DQG FRORU SKRWRV JR WR FDWDORJ PLFKDDQV FRP
3DJH
$ 0D\ (VWDWH $XFWLRQ 0DUEOH 0DQWOH &ORFN ZLWK 6SHOWHU 0RXQWV
3DLU RI 5R\DO 9LHQQD 3RUFHODLQ 8UQ )RUP /DPSV
VXUPRXQWHG E\ D QXGH ILJXUH ^+HLJKW LQFKHV`
ZLWK FRXUWLQJ VFHQHV ^+HLJKW WR ILQLDO LQFKHV`
(VWLPDWH
(VWLPDWH )UHQFK /RXLV ;9, 6W\OH 0LUURU &DUYHG LQ WKH )RUP RI D 5LEERQ WLHG 2YDO 0HGDOOLRQ 7RJHWKHU :LWK D *LOWZRRG 7KUHH /LJKW 6FRQFH ZLWK 0LUURUHG %DFNSODWH
(VWLPDWH
^'LPHQVLRQV RI JLOWZRRG VFRQFH KHLJKW LQFKHV ZLGWK LQFKHV KHLJKW RI )UHQFK PLUURU LQFKHV ZLGWK LQFKHV`
)UHQFK 7ROH (QDPHOHG %DVLQ DQG 3LWFKHU ^+HLJKW RI SLWFKHU LQFKHV OHQJWK RI EDVLQ LQFKHV`
(VWLPDWH )UHQFK 3URYLQFLDO 6W\OH 'LQLQJ 6XLWH &RQVLVWLQJ RI H[WHQVLRQ WDEOH DQG ILYH WRLOOH XSKROVWHUHG FKDLUV
)UHQFK :LFNHU DQG *ODVV 7RSSHG 7HD &DUW
^'LPHQVLRQV RI WDEOH [ [ LQFKHV FKDLU [ [ LQFKHV`
^'LPHQVLRQV [ [ LQFKHV`
(VWLPDWH (VWLPDWH
7ZR 7ROH 3DLQWHG %RXLOORWWH /DPSV
1HRFODVVLFDO 6W\OH 7KUHH 3DQHO 6FUHHQ ZLWK D &HQWHU 3DLQWHG 0HGDOOLRQ RI <RXQJ *LUOV ZLWK 5DEELWV (DUO\ WK &HQWXU\
^+HLJKW LQFKHV ZLGWK LQFKHV`
^+HLJKW RI WDOOHVW LQFKHV`
(VWLPDWH
(VWLPDWH
/RXLV ;9, 6W\OH +DQJLQJ %RXLOORWWH /DPS )LWWHG ZLWK 7ROH 6KDGH ^+HLJKW LQFKHV GLDPHWHU LQFKHV`
(VWLPDWH
)RU PXOWLSOH YLHZV DQG FRORU SKRWRV JR WR FDWDORJ PLFKDDQV FRP
3DJH
$ 0D\ (VWDWH $XFWLRQ )UHQFK 3URYLQFLDO 6W\OH :ULWLQJ 'HVN
0DKRJDQ\ 3HGHVWDO 3ODQW 6WDQG ^+HLJKW LQFKHV ZLGWK LQFKHV`
^'LPHQVLRQV [ [ LQFKHV`
(VWLPDWH
(VWLPDWH /DWH )HGHUDO 0DKRJDQ\ 6LGHERDUG ZLWK )DQ ,QOD\
$PHULFDQ &KLSSHQGDOH ,QODLG 0DKRJDQ\ 'HPLOXQH 7DEOH
RQH VLGH FRQYHUWHG DV D GUDZHU IRU GHFDQWHUV RU ERWWOHV ^'LPHQVLRQV [ [ LQFKHV`
^'LPHQVLRQV [ [ LQFKHV`
(VWLPDWH
(VWLPDWH $PHULFDQ 6LQJOH 'UDZHU 6LGH 7DEOH WK FHQWXU\
:LQJEDFN $UPFKDLU ^'LPHQVLRQV [ [ LQFKHV`
^'LPHQVLRQV [ [ LQFKHV`
(VWLPDWH
(VWLPDWH %LHGHUPHLHU 6DWLQ :RRG ,QODLG 6WDQG
:LOOLDP ,9 )OLS 7RS 0DKRJDQ\ %UHDNIDVW 7DEOH
^'LPHQVLRQV [ [ LQFKHV`
^'LPHQVLRQV [ [ LQFKHV` 3URYHQDQFH (OL]DEHWK ) &URFNHU (VWDWH
(VWLPDWH
(VWLPDWH
(VWLPDWH /DWH *HRUJLDQ 0DKRJDQ\ 'UHVVLQJ 7DEOH
&RQWHPSRUDU\ *HRUJLDQ 6W\OH &RQVROH 7DEOH
^'LPHQVLRQV [ [ LQFKHV`
ZLWK PDUEOH WRS RQ EDOO DQG FODZ IHHW ^'LPHQVLRQV [ [ LQFKHV`
(VWLPDWH
)RU PXOWLSOH YLHZV DQG FRORU SKRWRV JR WR FDWDORJ PLFKDDQV FRP
3DJH
$ 0D\ (VWDWH $XFWLRQ 3DLU RI &KLSSHQGDOH 6W\OH 0DKRJDQ\ &KDLUV
5HQDLVVDQFH 5HYLYDO :DOQXW 6HFUHWDU\ %RRNFDVH ZLWK 6KHOYHV
ZLWK EDOO DQG FODZ IHHW ^'LPHQVLRQV [ [ LQFKHV`
^'LPHQVLRQV [ [ LQFKHV`
(VWLPDWH
(VWLPDWH 3DLU RI -DFREHDQ 6W\OH 3HWLW 3RLQW 1HHGOHSRLQW &KDLUV
%HDX[ $UW 1LQH /LJKW 9HUGLJULV :URXJKW ,URQ 7ROH &KDQGHOLHU
^'LPHQVLRQV [ [ LQFKHV`
(VWLPDWH
^+HLJKW LQFKHV GLDPHWHU LQFKHV`
(VWLPDWH *RWKLF 5HYLYDO *LOWZRRG )RXU /LJKW &KDQGHOLHU
5HQDLVVDQFH 5HYLYDO 0LUURUHG :DOQXW %UHDNIURQW
^+HLJKW LQFKHV GLDPHWHU LQFKHV`
^'LPHQVLRQV [ [ LQFKHV`
(VWLPDWH
(VWLPDWH 5HQDLVVDQFH 5HYLYDO :URXJKW ,URQ &KDQGHOLHU
:LOOLDP DQG 0DU\ 6W\OH %RRNFDVH
ZLWK QLQH IDX[ ERLV SDLQWHG FDQGOH FXSV ^+HLJKW LQFKHV GLDPHWHU LQFKHV`
ZLWK PXOOLRQ JODVV GRRUV ^'LPHQVLRQV [ [ LQFKHV`
(VWLPDWH
(VWLPDWH 3DLU RI 5HQDLVVDQFH 5HYLYDO &DUYHG $UPFKDLUV
5HQDLVVDQFH 5HYLYDO %HGVWHDG ZLWK PDOH PHGDOOLRQ EXVW ^'LPHQVLRQV [ [ LQFKHV`
^'LPHQVLRQV [ [ LQFKHV`
(VWLPDWH
(VWLPDWH
)RU PXOWLSOH YLHZV DQG FRORU SKRWRV JR WR FDWDORJ PLFKDDQV FRP
3DJH
$ 0D\ (VWDWH $XFWLRQ &RQWLQHQWDO :URXJKW ,URQ 0RXQWHG +LQJH WK WK &HQWXU\
&RQWHPSRUDU\ ,QODLG &RIIHH 7DEOH LQ 7KH *RWKLF 5HYLYDO 7DVWH
PRXQWHG RQ ERDUG ^/HQJWK RI KLQJH LQFKHV`
^'LPHQVLRQV [ [ LQFKHV`
(VWLPDWH
(VWLPDWH 7ZR $QWLTXH 'XWFK *HUPDQ 0DSV LQ ELUGV H\H PDSOH IUDPHV
5HQDLVVDQFH 5HYLYDO 6KHOO )RUP &KDLU ZLWK DUWLFXODWHG OLG ^'LPHQVLRQV [ [ LQFKHV`
^'LPHQVLRQV RI IUDPHV [ LQFKHV`
(VWLPDWH
(VWLPDWH
(VWLPDWH &RQWLQHQWDO 3RO\FKURPH :RRG %ODQNHW &KHVW WK &HQWXU\
7ZR $QWLTXH 'RXJK %RZOV
WKH SDQHOHG IURQW ZLWK D FHQWHU SDLQWHG RYDO PHGDOOLRQ RI PDQ VPRNLQJ D SLSH WKH VLGH SDQHO HQFORVLQJ D QDPHSODWH 0HORUN B PRXQWHG ZLWK D KDQG ZURXJKW KDQGOH DQG VWUDS KLQJHV ^'LPHQVLRQV [ [ LQFKHV`
^/HQJWK RI ODUJHU LQFKHV`
(VWLPDWH 9LFWRULDQ *RWKLF 5HYLYDO 0DKRJDQ\ 1HHGOHSRLQW )LUHVFUHHQ
5HQDLVVDQFH 5HYLYDO )RXU 'UDZHU &KHVW ZLWK PDUEOH WRS DQG ELUGV H\H ILJXUHG ZDOQXW YHQHHU ^'LPHQVLRQV [ [ LQFKHV`
(VWLPDWH
(VWLPDWH (ERQL]HG &KDLU ZLWK *ULIILQV
9LFWRULDQ %UDVV )LUHVFUHHQ
^'LPHQVLRQV [ [ LQFKHV`
(VWLPDWH
PRXQWHG ZLWK D QHHGOHSRLQW SDQHO GHSLFWLQJ D \RXQJ ZRPDQ DQG DQ ROGHU ZRPDQ DJDLQVW WKH EDFNGURS RI D PDQRU KRXVH ZLWK D \RXQJ ORYHU KLGLQJ EHKLQG WKH ZHOO ^+HLJKW LQFKHV ZLGWK LQFKHV`
HQVXLWH ZLWK IHQGHU DQG D JURXS RI ILYH DVVRFLDWHG WRROV ^'LPHQVLRQV RI ILUHVFUHHQ [ LQFKHV IHQGHU [ [ LQFKHV`
(VWLPDWH
)RU PXOWLSOH YLHZV DQG FRORU SKRWRV JR WR FDWDORJ PLFKDDQV FRP
3DJH
$ 0D\ (VWDWH $XFWLRQ 9LFWRULDQ 0DKRJDQ\ 'UHVVHU 0LUURU
5HJXODWRU :DOO &ORFN ^'LPHQVLRQV [ [ LQFKHV`
^'LPHQVLRQV [ [ LQFKHV`
(VWLPDWH
(VWLPDWH 3DLU RI &UDQEHUU\ 6SDQLVK /DFH *ODVV .HURVHQH /LJKWV
'RRUVWRS LQ 7KH )RUP RI D /LRQ $WRS 7ZLQ :LQJHG 0HUPDLGV
FRQYHUWHG WR ODPSV ^+HLJKW DVVHPEOHG LQFKHV`
(VWLPDWH
RQ VWRQH EDVH ^+HLJKW LQFKHV`
(VWLPDWH 2DN &DVHG 0DQWHO &ORFN
$HVWKHWLF 0RYHPHQW 2DN %XIIHW
^'LPHQVLRQV [ [ LQFKHV`
ZLWK PLUURUHG EDFN VSODVK ^'LPHQVLRQV [ [ `
(VWLPDWH
(VWLPDWH 3DLU RI (GZDUGLDQ ,QODLG 0DKRJDQ\ )UDPHV 0RXQWHG ZLWK 2YDO 0LUURUSODWH
$HVWKHWLF 0RYHPHQW 2DN 0XOWLWLHUHG %XIIHW ^'LPHQVLRQV [ [ `
^'LPHQVLRQV [ LQFKHV`
(VWLPDWH
(VWLPDWH 0 +HU] 6RKQ 5HJXODWRU :DOO &ORFN
(DVWODNH 2DN 7ZR 'RRU %RRNFDVH ZLWK JOD]HG JODVV GRRUV ^'LPHQVLRQV [ [ LQFKHV`
^'LPHQVLRQV [ [ LQFKHV`
(VWLPDWH
(VWLPDWH
)RU PXOWLSOH YLHZV DQG FRORU SKRWRV JR WR FDWDORJ PLFKDDQV FRP
3DJH
$ 0D\ (VWDWH $XFWLRQ &KHOVHD *LOW %UDVV &DVHG 6KLHOG %DFN 0DQWOH &ORFN
$HVWKHWLF 0RYHPHQW &RSSHU 0L[HG 0HWDO .HURVHQH /DPS
^+HLJKW LQFKHV`
FRQYHUWHG WR HOHFWULF WKH EDVH FDVW LQ WKH IRUP RI D OLO\ SDG ZLWK VQDLO ^KHLJKW WR ILQLDO LQFKHV`
(VWLPDWH
(VWLPDWH *LOW %UDVV .HURVHQH %XUQHU 'HFRUDWHG ZLWK ,QGLDQ +HDG 0DVNV &RQYHUWHG WR D /DPS DQG D /DPS ZLWK 'UDJRQ +DQGOHG (ZHU )RUP %DVH
(VWLPDWH
^+HLJKW RI HZHU IRUP ODPS WR ILQLDO LQFKHV`
$UW 1RXYHDX *DOOp 6W\OH ,QODLG 6LGH &KDLU ILWWHG ZLWK D UXVK VHDW ^'LPHQVLRQV [ [ LQFKHV`
(VWLPDWH
6HWK 7KRPDV 6SHOWHU )LJXUDO 0DQWOH &ORFN LQ WKH $HVWKHWLF 6W\OH
$UW 1RXYHDX &DUYHG :RRG $UFKLWHFWXUDO 3DQHO ZLWK LQVHW VHSLD WRQH SDLQWHG SDVWRUDO VFHQH ^+HLJKW LQFKHV ZLGWK LQFKHV`
UHWDLOHG E\ 0LWFKHOO 9DQFH &R 1< PRXQWHG RQ VODWH EDVH ^+HLJKW LQFKHV OHQJWK LQFKHV`
(VWLPDWH
(VWLPDWH -RVHI 7HNDXW] 9LHQQHVH 5LEERQ :LQG 5HJXODWRU &ORFN
(VWLPDWH
ZLWK HLJKW GD\ WKUHH ZHLJKW JUDQG VRQQHULH PRYHPHQW NQRE RQ H[WHULRU RI FDVH FRQQHFWHG WR D SXOOH\ DOORZLQJ PRYHPHQW RI WKH KDQGV ZLWKRXW RSHQLQJ WKH FDVH ^'LPHQVLRQV [ [ LQFKHV`
/DUJH &DUYHG 2DN 5HJXODWRU &ORFN ZLWK PLUURUHG GRRU ^'LPHQVLRQV [ [ LQFKHV`
(VWLPDWH *HUPDQ &DUYHG :RRG 0DQWOH &ORFN
9LHQQHVH . $ (PSHURU 5HJXODWRU :DOO &ORFN
ZLWK HQDPHO GLDO ^'LPHQVLRQV [ [ LQFKHV`
^'LPHQVLRQV [ [ LQFKHV`
(VWLPDWH
(VWLPDWH
)RU PXOWLSOH YLHZV DQG FRORU SKRWRV JR WR FDWDORJ PLFKDDQV FRP
3DJH
$ 0D\ (VWDWH $XFWLRQ +RZDUG 0LOOHU :HVWPLQVWHU &KLPH :DOO &ORFN
&KLQHVH &DELQHW ^'LPHQVLRQV [ [ LQFKHV`
^'LPHQVLRQV [ [ LQFKHV`
(VWLPDWH
(VWLPDWH 3DLU RI 'XWFK 7UDQVIHU 3ULQWHG *LQJHU -DUV
0RURFFDQ 5HWLFXODWHG (QDPHO 0HWDO &KDQGHOLHU
LQ WKH $VLDQ WDVWH 3 5HJRXW 0DDVWULFKW HDFK ZLWK ZRRGHQ VWDQG ^+HLJKW RI HDFK ZLWKRXW VWDQG LQFKHV`
SDLQWHG ZLWK ODQGVFDSH VFHQH PHGDOOLRQV ^+HLJKW LQFKHV GLDPHWHU LQFKHV`
(VWLPDWH
(VWLPDWH 3DLU RI +DUROG /OR\G $UWLFXODWHG &DUYHG :RRG 5RFNLQJ %LUGV
3DLU RI +RUQ 6LQJOH /LJKW 6FRQFHV ^+HLJKW LQFKHV GLDPHWHU LQFKHV` 3URYHQDQFH $QWRQLR $QWLTXHV
^+HLJKW LQFKHV OHQJWK LQFKHV`
(VWLPDWH
(VWLPDWH 7ZR $UW 'HFR *LOW 3RO\FKURPHG &DUYHG :RRG )ORRU /DPSV
$UWV &UDIWV +DQGZURXJKW 0HWDO 0XVLF 6WDQG &DVW LQ WKH )RUP RI $ 0XVLFDO 1RWH
ZLWK FROXPQDU VWDQGDUGV ^/DUJHVW KHLJKW LQFKHV`
(VWLPDWH
^+HLJKW LQFKHV`
(VWLPDWH 3DLU RI 6DWVXPD /DPSV
$UWV &UDIWV /DPS ZLWK 6ODJ *ODVV 6KDGH
SDLQWHG ZLWK ODQGVFDSH VFHQHV ^+HLJKW WR ILQLDO LQFKHV`
^+HLJKW LQFKHV GLDPHWHU RI VKDGH LQFKHV`
(VWLPDWH
(VWLPDWH
)RU PXOWLSOH YLHZV DQG FRORU SKRWRV JR WR FDWDORJ PLFKDDQV FRP
3DJH
$ 0D\ (VWDWH $XFWLRQ 6WDU 0RWLI +RRNHG 5XJ PRXQWHG RQ IUDPH
$UW 'HFR *LOW %UDVV $ODEDVWHU &KDQGHOLHU
^'LPHQVLRQV [ LQFKHV`
(VWLPDWH
(VWLPDWH $UW 'HFR 6W\OH 0DUTXHWU\ 8SKROVWHUHG 'HVN &KDLU
WK &HQWXU\ WKH SHQGDQW FDUYHG FRURQD EDVH VXVSHQGHG E\ WKUHH F\OLQGULFDO URGV ZLWK OHDI ILWWHG ZLWK WKUHH OLJKW VRFNHW ^'LPHQVLRQV RI VFRQFHV [ LQFKHV OHQJWK RI FKDQGHOLHU LQFKHV GLDPHWHU LQFKHV`
$IWHU )UHGHULF 5HPLQJWRQ $PHULFDQ /DUJH %URQ]H *URXS RI 7KH 0RXQWDLQ 0DQ LQVFULEHG )UHGHULF 5HPLQJWRQ
LQ WKH 1HRFODVVLFDO 7DVWH LQODLG ZLWK HODERUDWH OHDI\ IORUDO VSUD\V ^'LPHQVLRQV [ [ LQFKHV`
^+HLJKW LQFKHV ZLGWK LQFKHV`
(VWLPDWH
(VWLPDWH ,QGLDQ 6HDWHG %RGKLVDWWYD 6FXOSWXUH
6L[ 3DQHO -DSDQHVH )ORRU 6FUHHQ
^+HLJKW LQFKHV OHQJWK LQFKHV`
GHSLFWLQJ D ILVKLQJ YLOODJH ^+HLJKW LQFKHV ZLGWK RI HDFK SDQHO LQFKHV`
(VWLPDWH
(VWLPDWH $UW 'HFR *LOW %UDVV $ODEDVWHU 1LQH /LJKW &KDQGHOLHU
(VWLPDWH
WK &HQWXU\ WKH WZR WLHUHG IRUP FRPSULVLQJ WZR JUDGXDWHG FDUYHG FRURQD EDVHV VXVSHQGHG E\ WKUHH FRQWLQXRXV F\OLQGULFDO URGV WKH ORZHU WLHU ILWWHG ZLWK VL[ FDUYHG DODEDVWHU FDQGOH FXSV WKH XSSHU WLHU ZLWK WKUHH OLJKWV ^/HQJWK LQFKHV GLDPHWHU LQFKHV`
$UW 'HFR .LQ]HU :DOO &ORFN ^'LPHQVLRQV [ [ LQFKHV`
(VWLPDWH 3DLU RI 9LQWDJH &KURPH /LJKWV ^+HLJKW LQFKHV`
(VWLPDWH
)RU PXOWLSOH YLHZV DQG FRORU SKRWRV JR WR FDWDORJ PLFKDDQV FRP
3DJH
$ 0D\ (VWDWH $XFWLRQ /RUHGDQR 5RVLQ ,WDOLDQ %RUQ
&KLQHVH &DUSHW
$PDQWL 0XUDQR *ODVV 6FXOSWXUH )DFFH LQ &ULVWDOOR ZLWK OLJKW ER[ SHGHVWDO VWDQG DQG FHUWLILFDWH RI DXWKHQWLFLW\ ^+HLJKW RI 6FXOSWXUH LQFKHV +HLJKW RI 3HGHVWDO LQFKHV`
^6L]H DSSUR[LPDWHO\ IHHW [ IHHW LQFKHV`
(VWLPDWH
(VWLPDWH 6DURXN &DUSHW
+HUL] &DUSHW
^6L]H DSSUR[LPDWHO\ IHHW [ IHHW LQFKHV`
^6L]H DSSUR[LPDWHO\ IHHW LQFKHV [ IHHW LQFKHV`
(VWLPDWH
(VWLPDWH ,YRU\ .DVKDQ &DUSHW
+DPDGDQ 5XQQHU
^6L]H DSSUR[LPDWHO\ IHHW LQFKHV [ IHHW`
^6L]H DSSUR[LPDWHO\ IHHW [ IHHW LQFKHV`
(VWLPDWH
(VWLPDWH .DVKDQ 5RXQG &DUSHW
3DNLVWDQL *UHHQ 5RXQG &DUSHW
^'LDPHWHU IHHW LQFKHV`
^'LDPHWHU IHHW LQFKHV`
(VWLPDWH
(VWLPDWH .DVKDQ &DUSHW ZLWK 5HG *URXQG
2WWRPDQ 6W\OH 7XUNLVK &DUSHW ^6L]H DSSUR[LPDWHO\ IHHW [ IHHW LQFKHV`
^6L]H DSSUR[LPDWHO\ IHHW LQFKHV [ IHHW LQFKHV`
(VWLPDWH
(VWLPDWH
)RU PXOWLSOH YLHZV DQG FRORU SKRWRV JR WR FDWDORJ PLFKDDQV FRP
3DJH
$ 0D\ (VWDWH $XFWLRQ &DXFDVLDQ 5XQQHU
3DNLVWDQL 5RXQG &DUSHW
^6L]H DSSUR[LPDWHO\ IHHW LQFKHV [ IHHW`
ZLWK SDOPHWWH OHDI ERUGHU ^6L]H DSSUR[LPDWHO\ IHHW [ LQFKHV`
(VWLPDWH
(VWLPDWH -RVKDJKDQ &DUSHW
3DNLVWDQL 5RXQG &DUSHW
^6L]H DSSUR[LPDWHO\ IHHW LQFKHV [ IHHW LQFKHV`
ZLWK UXVW JURXQG ^6L]H DSSUR[LPDWHO\ IHHW [ LQFKHV`
(VWLPDWH
(VWLPDWH +DPDGDQ 5XQQHU
3DNLVWDQL 5RXQG &DUSHW ZLWK SDVWHO JURXQG ^6L]H DSSUR[LPDWHO\ IHHW`
^6L]H DSSUR[LPDWHO\ IHHW LQFKHV [ IHHW LQFKHV`
(VWLPDWH
(VWLPDWH %LGMDU 0DW
,QGR %LGMDU &DUSHW
^6L]H DSSUR[LPDWHO\ LQFKHV [ LQFKHV`
^6L]H DSSUR[LPDWHO\ IHHW LQFKHV [ IHHW LQFKHV`
(VWLPDWH
(VWLPDWH
(VWLPDWH &DXFDVLDQ .DUDEDXJK 5XJ
6DURXN 5XJ
^6L]H DSSUR[LPDWHO\ IHHW LQFKHV [ IHHW LQFKHV`
^6L]H DSSUR[LPDWHO\ IHHW LQFKHV [ IHHW LQFKHV`
(VWLPDWH
)RU PXOWLSOH YLHZV DQG FRORU SKRWRV JR WR FDWDORJ PLFKDDQV FRP
3DJH
$ 0D\ (VWDWH $XFWLRQ 7DEUL] &DUSHW ZLWK DQLPDOV DQG ELUGV
$PHWK\VW N <HOORZ *ROG 1HFNODFH
^6L]H DSSUR[LPDWHO\ IHHW LQFKHV [ IHHW LQFKHV`
&RPSRVHG RI VL[W\ WKUHH PP DPHWK\VW EHDGV FRPSOHWHG E\ D N \HOORZ JROG ILVK KRRN FODVS IRUPLQJ D LQFK QHFNODFH
(VWLPDWH
(VWLPDWH .DUDVWDQ :RRO &DUSHW
N <HOORZ *ROG 1HFNODFH
ZLWK D 6DURXN VW\OH SDWWHUQ ^6L]H DSSUR[LPDWHO\ IHHW LQFKHV [ IHHW LQFKHV`
7KH IODW DUWLFXODWHG N \HOORZ JROG QHFNODFH PHDVXUHV DSSUR[LPDWHO\ PP LQ ZLGWK DQG LQFKHV LQ OHQJWK DQG LV FRPSOHWHG ZLWK D WRQJXH DQG JURRYH FODVS ZLWK VDIHW\
(VWLPDWH
(VWLPDWH .DUDVWDQ :RRO &DUSHW
$PHWK\VW N <HOORZ *ROG 1HFNODFH
ZLWK D 6DURXN VW\OH SDWWHUQ ^6L]H DSSUR[LPDWHO\ IHHW LQFKHV [ IHHW`
(VWLPDWH
&RPSRVHG RI IRUW\ WKUHH JUDGXDWHG IDFHWHG DPHWK\VW EHDGV UDQJLQJ LQ VL]H IURP DSSUR[LPDWHO\ PP WR PP DFFHQWHG E\ N \HOORZ JROG EHDGV IRUPLQJ D LQFK QHFNODFH
(VWLPDWH .DUDVWDQ :RRO &DUSHW
&ROOHFWLRQ RI &XOWXUHG 3HDUO 'LDPRQG N <HOORZ *ROG -HZHOU\
ZLWK D 6DURXN VW\OH SDWWHUQ ^6L]H DSSUR[LPDWHO\ IHHW LQFKHV [ IHHW LQFKHV`
(VWLPDWH
(VWLPDWH
,QFOXGLQJ RQH FXOWXUHG SHDUO N \HOORZ JROG LQFK QHFNODFH N \HOORZ JROG EDOO EHDG N \HOORZ JROG LQFK FKDLQ RQH N \HOORZ JROG LQFK VQDNH OLQN FKDLQ WRJHWKHU ZLWK RQH SDLU RI FXOWXUHG SHDUO GLDPRQG N \HOORZ JROG KLQJHG KRRS FRQYHUWLEOH HDUULQJV
3DLU RI $PHWK\VW 'LDPRQG N <HOORZ *ROG (DUULQJV (DFK FHQWHUV RQH RYDO FXW DPHWK\VW ZHLJKLQJ DSSUR[LPDWHO\ FWV VXUURXQGHG E\ WZHQW\ IRXU URXQG FXW GLDPRQGV VHW LQ D N \HOORZ JROG PRXQWLQJ
(VWLPDWH
)RU PXOWLSOH YLHZV DQG FRORU SKRWRV JR WR FDWDORJ PLFKDDQV FRP
3DJH
$ 0D\ (VWDWH $XFWLRQ (PHUDOG <HOORZ *ROG 1HFNODFH
6DSSKLUH 'LDPRQG (QDPHO N <HOORZ *ROG %XWWHUIO\ %URRFK
&RPSRVHG RI WKLUW\ WKUHH RYDO FXW DQG VL[ URXQG FXW HPHUDOGV ZHLJKLQJ D WRWDO RI DSSUR[LPDWHO\ FWWZ VHW LQ DQ N JROG DUWLFXODWHG OLQN ELE VW\OH PRXQWLQJ
(VWLPDWH
'HVLJQHG DV D EXWWHUIO\ ZLWK WZR KDSS\ VWRQH ZLQJV DFFHQWHG E\ ILIW\ VL[ URXQG FXW GLDPRQGV ZHLJKLQJ D WRWDO RI DSSUR[LPDWHO\ FWWZ VHW LQ DQ N \HOORZ JROG PRXQWLQJ
(VWLPDWH (PHUDOG 'LDPRQG N <HOORZ *ROG 5LQJ
(VWLPDWH
&HQWHULQJ RQH PDUTXLVH FXW HPHUDOG ZHLJKLQJ DSSUR[LPDWHO\ FW DFFHQWHG E\ VL[ PDUTXLVH DQG WZHQW\ HLJKW EDJXHWWH FXW GLDPRQGV ZHLJKLQJ D WRWDO RI DSSUR[LPDWHO\ FWWZ VHW LQ D N \HOORZ JROG PRXQWLQJ
'LDPRQG 5XE\ N <HOORZ *ROG %URRFK 'HVLJQHG DV D ILVK DFFHQWHG E\ RQH IXOO FXW GLDPRQG ZHLJKLQJ DSSUR[LPDWHO\ FW FRPSOHWHG E\ WZR URXQG FXW UXE\ H\HV VHW LQ DQ N \HOORZ JROG PRXQWLQJ
(VWLPDWH %ODFN 2Q\[ 'LDPRQG 6DSSKLUH (QDPHO N :KLWH *ROG 3DQGD 3HQGDQW %URRFK
(QDPHO 6\QWKHWLF 6DSSKLUH <HOORZ *ROG *ROG )LOOHG &KDUP %UDFHOHW
(VWLPDWH
7KH N \HOORZ JROG ILJDUR OLQN LQFK FKDLQ IHDWXULQJ WZHOYH FKDUPV DV IROORZV RQH HQDPHO JROG ILOOHG DVK WUD\ RQH HQDPHO N \HOORZ JROG SHQJXLQ FKDUP RQH N \HOORZ JROG DUURZ SLQ RQH N \HOORZ JROG NH\ FKDUP RQH HQDPHO 6 N \HOORZ JROG FKDUP RQH N \HOORZ JROG NQLJKW LQ DUPRU RQH HQDPHO N \HOORZ JROG ORFNHW FKDUP RQH N \HOORZ JROG SXIIHG KHDUW FKDUP RQH JROG ILOOHG FURVV SHQGDQW RQH N IORZHU GLVF FKDUP RQH V\QWKHWLF VDSSKLUH N \HOORZ JROG 6 FKDUP WRJHWKHU ZLWK RQH N \HOORZ JROG SROR FKDUP
5XE\ 'LDPRQG N <HOORZ *ROG (OHSKDQW 3HQGDQW
(VWLPDWH
'HVLJQHG DV D SDQGD EHDU IHDWXULQJ IRXU EODFN RQ\[ VHJPHQWV WZR URXQG FXW VDSSKLUH H\HV DFFHQWHG E\ VL[W\ IRXU URXQG FXW GLDPRQGV VHW LQ D N ZKLWH JROG PRXQWLQJ 1RWH /RVV WR HQDPHO
.XQ]LWH 'LDPRQG N <HOORZ *ROG 5LQJ )HDWXULQJ RQH HPHUDOG FXW NXQ]LWH ZHLJKLQJ DSSUR[LPDWHO\ FWV DFFHQWHG E\ WKLUW\ WZR IXOO FXW GLDPRQGV ZHLJKLQJ D WRWDO RI DSSUR[LPDWHO\ FWWZ VHW LQ DQ N \HOORZ JROG PRXQWLQJ
(VWLPDWH
'LDPRQG N <HOORZ *ROG 5LQJ
'HVLJQHG DV DQ HOHSKDQW IHDWXULQJ D KDSS\ VWRQH EHOO\ DFFHQWHG E\ IRUW\ HLJKW URXQG FXW GLDPRQGV DQG HOHYHQ URXQG FXW UXELHV VHW LQ DQ N \HOORZ JROG PRXQWLQJ
)HDWXULQJ WZHQW\ ILYH IXOO FXW GLDPRQGV ZHLJKLQJ D WRWDO RI DSSUR[LPDWHO\ FWWZ VHW LQ D N \HOORZ JROG PRXQWLQJ
(VWLPDWH (VWLPDWH
)RU PXOWLSOH YLHZV DQG FRORU SKRWRV JR WR FDWDORJ PLFKDDQV FRP
3DJH
$ 0D\ (VWDWH $XFWLRQ 0RUJDQLWH 'LDPRQG N 5RVH *ROG 5LQJ
&ROOHFWLRQ RI 6L[ 3DLUV RI N <HOORZ *ROG +RRS (DUULQJV
)HDWXULQJ RQH IDFHWHG WRS PRUJDQLWH PHDVXULQJ DSSUR[LPDWHO\ [ PP DFFHQWHG E\ HLJKW\ HLJKW IXOO FXW GLDPRQGV ZHLJKLQJ D WRWDO RI DSSUR[LPDWHO\ FWWZ VHW LQ D N URVH JROG PRXQWLQJ
,QFOXGLQJ D SDLU RI URXQG KRRSV PHDVXULQJ DSSUR[LPDWHO\ [ PP D SDLU RI URXQG KRRSV PHDVXULQJ DSSUR[LPDWHO\ [ PP D SDLU RI SXII\ URXQG KRRSV PHDVXULQJ DSSUR[LPDWHO\ [ PP D SDLU RI RYDO KRRSV PHDVXULQJ DSSUR[LPDWHO\ [ PP D SDLU RI RYDO KRRSV PHDVXULQJ DSSUR[LPDWHO\ [ P WRJHWKHU ZLWK D SDLU RI RYDO KRRSV PHDVXULQJ DSSUR[LPDWHO\ [ PP
(VWLPDWH
(VWLPDWH
'LDPRQG N <HOORZ *ROG 1HFNODFH )HDWXULQJ HLJKW PDUTXLVH FXW WKLUWHHQ IXOO FXW DQG WKLUW\ HLJKW EDJXHWWH FXW GLDPRQGV ZHLJKLQJ D WRWDO RI DSSUR[LPDWHO\ FWWZ VHW LQ D JDUODQG VW\OH FHQWHU DWWDFKHG WR D ZRYHQ OLQN LQFK QHFNODFH
&ROOHFWLRQ RI 7KUHH N <HOORZ *ROG %DQJOHV
(VWLPDWH
&ROOHFWLRQ RI )RXU &XOWXUHG 3HDUO *ODVV ,QWDJOLR N *ROG <HOORZ *ROG -HZHOU\ ,WHPV
(VWLPDWH
(VWLPDWH
,QFOXGLQJ D RYDO WZLVWHG EDQJOH PHDVXULQJ DSSUR[LPDWHO\ PP LQ ZLGWK ZLWK DQ LQWHUQDO PHDVXUHPHQW RI PP FRPSOHWHG ZLWK VDIHW\ FDWFK WRJHWKHU ZLWK D SDLU RI PDWFK KRRS HDUULQJV PHDVXULQJ DSSUR[LPDWHO\ [ PP D SDLU RI SLHUFHG N \HOORZ JROG LQWDJOLR GHVLJQ HDUULQJV ZLWK D GURS FXOWXUHG SHDUO WRJHWKHU ZLWK D SDLU RI GURS SLHUFHG N \HOORZ JROG HDUULQJV IHDWXULQJ JODVV LQWDJOLRV
,QFOXGLQJ DQ RYDO EDQJOH PHDVXULQJ DSSUR[LPDWHO\ PP LQ ZLGWK ZLWK DQ LQWHUQDO PHDVXUHPHQW RI PP DQ RYDO GRXEOH EDQGHG EDQJOH PHDVXULQJ DSSUR[LPDWHO\ PP DW FHQWHU IURQW ZLWK DQ LQWHUQDO PHDVXUHPHQW RI PP WRJHWKHU ZLWK D EDQJOH PHDVXULQJ DSSUR[LPDWHO\ PP LQ ZLGWK ZLWK DQ LQWHUQDO PHDVXUHPHQW RI PP DOO ZLWK WRQJXH DQG JURRYH FODVS
5XE\ 'LDPRQG N <HOORZ *ROG 5LQJ )HDWXULQJ VHYHQ URXQG FXW UXELHV ZHLJKLQJ D WRWDO RI DSSUR[LPDWHO\ FWWZ DFFHQWHG E\ WZR URXQG FXW GLDPRQGV ZHLJKLQJ D WRWDO RI DSSUR[LPDWHO\ FWWZ VHW LQ D N \HOORZ JROG PRXQWLQJ
(VWLPDWH N <HOORZ *ROG 1HFNODFH 6DSSKLUH &XOWXUHG 3HDUO N <HOORZ *ROG (DUULQJV
7KH N \HOORZ JROG IDQF\ WXEH OLQN PHDVXULQJ DSSUR[LPDWHO\ PP IRUPLQJ D LQFK QHFNODFH
(DFK ULEERQ JDUODQG PRWLI IHDWXUHV URXQG FXW VDSSKLUHV DQG FXOWXUHG SHDUOV VHW LQ D N \HOORZ JROG FKDQGHOLHU VW\OH PRXQWLQJ
(VWLPDWH (VWLPDWH
)RU PXOWLSOH YLHZV DQG FRORU SKRWRV JR WR FDWDORJ PLFKDDQV FRP
3DJH
$ 0D\ (VWDWH $XFWLRQ &XOWXUHG 3HDUO 6DSSKLUH N <HOORZ *ROG 1HFNODFH
6DSSKLUH N <HOORZ *ROG %UDFHOHW
'HVLJQHG ZLWK DQ DUWLFXODWHG IORUDO JDUODQG PRWLI DFFHQWHG E\ URXQG FXW VDSSKLUHV DQG KDOI FXOWXUHG SHDUOV VHW LQ N \HOORZ JROG DWWDFKHG WR DQ DGMXVWDEOH LQFK QHFNODFH
)HDWXULQJ HLJKWHHQ URXQG FXW VDSSKLUHV ZHLJKLQJ D WRWDO RI DSSUR[LPDWHO\ FWWZ VHW LQ D N \HOORZ JROG KLQJHG EDQJOH PRXQWLQJ
(VWLPDWH
(VWLPDWH
(VWLPDWH &ROOHFWLRQ RI 7ZR 5XE\ 'LDPRQG N <HOORZ *ROG %UDFHOHWV
7LIIDQ\ &R /DSLV /D]XOL 'LDPRQG N <HOORZ *ROG &UDE %URRFK
,QFOXGLQJ RQH GLDPRQG N \HOORZ JROG KLQJHG EDQJOH WRJHWKHU ZLWK D UXE\ GLDPRQG N \HOORZ JROG KLQJHG EDQJOH EUDFHOHW 7RWDO UXE\ ZHLJKW LV DSSUR[LPDWHO\ FW 7RWDO GLDPRQG ZHLJKW LV DSSUR[LPDWHO\ FW
'HVLJQHG DV D FUDE IHDWXULQJ DQ RYRLG VKDSHG ODSLV OD]XOL FDERFKRQ FRPSOHWHG E\ WZR IXOO FXW GLDPRQG H\HV ZHLJKLQJ D WRWDO RI DSSUR[LPDWHO\ FWWZ VHW LQ DQ N \HOORZ JROG PRXQWLQJ
(VWLPDWH
'LDPRQG 3ODWLQXP N <HOORZ *ROG )ORZHU %URRFK
5XE\ N <HOORZ *ROG %UDFHOHW
'HVLJQHG DV D ERXTXHW RI IORZHUV DFFHQWHG E\ VL[W\ WZR URXQG FXW GLDPRQGV ZHLJKLQJ D WRWDO RI DSSUR[LPDWHO\ FWWZ VHW LQ D N \HOORZ JROG PRXQWLQJ
)HDWXULQJ WKLUW\ VTXDUH FXW UXELHV ZHLJKLQJ D WRWDO RI DSSUR[LPDWHO\ FWWZ VHW LQ D N \HOORZ JROG DUWLFXODWHG OLQN LQFK EUDFHOHW
(VWLPDWH
(VWLPDWH
6DSSKLUH 6SLQHO 'LDPRQG 6LOYHU *LOW %HH %URRFK
&ROOHFWLRQ RI )RXU 3DLUV RI N <HOORZ *ROG (DUULQJV
(VWLPDWH
,QFOXGLQJ D SDLU RI RSHQZRUN KRRS HDUULQJV PHDVXULQJ DSSUR[LPDWHO\ PP [ PP ZLWK SRVW DQG SUHVVXUH VWD\ D SDLU RI EDPERR PRWLI KRRSV PHDVXULQJ DSSUR[LPDWHO\ PP LQ GLDPHWHU D SDLU RI IDQF\ RYDO OLQN KRRSV PHDVXULQJ DSSUR[LPDWHO\ PP LQ GLDPHWHU E\ PP LQ ZLGWK WRJHWKHU ZLWK D SDLU RI KRRSV PHDVXULQJ DSSUR[LPDWHO\ [ PP
(VWLPDWH
)RU PXOWLSOH YLHZV DQG FRORU SKRWRV JR WR FDWDORJ PLFKDDQV FRP
'HVLJQHG DV D EHH IHDWXULQJ WZR URXQG FXW VDSSKLUH WKRUD[ DQG DEGRPHQ ZHLJKLQJ D WRWDO RI DSSUR[LPDWHO\ FWWZ DFFHQWHG E\ WKLUW\ WZR URXQG FXW GLDPRQGV ZHLJKLQJ D WRWDO RI DSSUR[LPDWHO\ FWWZ FRPSOHWHG E\ WZR URXQG FXW VSLQHOV ZHLJKLQJ D WRWDO RI DSSUR[LPDWHO\ FWWZ VHW LQ D VLOYHU JLOW PRXQWLQJ DWWDFKHG WR D JLOWHG VDIHW\ FKDLQ
3DJH
$ 0D\ (VWDWH $XFWLRQ &XOWXUHG 3HDUO 2SDO N <HOORZ *ROG %URRFK
'LDPRQG N <HOORZ *ROG 5LQJ
)HDWXULQJ RQH FXOWXUHG SHDUO DFFHQWHG E\ WZR URXQG RSDOV VHW LQ D N \HOORZ JROG PRXQWLQJ
)HDWXULQJ RQH ROG (XURSHDQ FXW GLDPRQG ZHLJKLQJ DSSUR[LPDWHO\ FW DFFHQWHG E\ WHQ IXOO FXW GLDPRQGV ZHLJKLQJ D WRWDO RI DSSUR[LPDWHO\ FWWZ VHW LQ D N \HOORZ JROG PRXQWLQJ
(VWLPDWH
(VWLPDWH $TXDPDULQH 'LDPRQG N <HOORZ *ROG %URRFK
'LDPRQG N :KLWH *ROG %UDFHOHW
)HDWXULQJ QLQH URXQG FXW DTXDPDULQHV ZHLJKLQJ D WRWDO RI DSSUR[LPDWHO\ FWWZ DFFHQWHG E\ WKUHH IXOO FXW GLDPRQGV ZHLJKLQJ D WRWDO RI DSSUR[LPDWHO\ FWWZ VHW LQ DQ N \HOORZ JROG PRXQWLQJ
)HDWXULQJ RQH KXQGUHG DQG RQH EDJXHWWH FXW GLDPRQGV ZHLJKLQJ D WRWDO RI DSSUR[LPDWHO\ FWWZ VHW LQ D N ZKLWH JROG DUWLFXODWHG LQFK EUDFHOHW
(VWLPDWH
(VWLPDWH &ROOHFWLRQ RI *ROG &RLQ DQG *ROG 3HQGDQWV
'LDPRQG N <HOORZ *ROG 5LQJ
,QFOXGLQJ RQH JROG 6RYHUHLJQ FRLQ WRJHWKHU ZLWK RQH N \HOORZ JROG OHDI PRWLI SHQGDQW
)HDWXULQJ WZHQW\ WKUHH IXOO FXW DQG WHQ EDJXHWWH FXW GLDPRQGV ZHLJKLQJ D WRWDO RI DSSUR[LPDWHO\ FWWZ VHW LQ D N \HOORZ JROG PRXQWLQJ
(VWLPDWH
(VWLPDWH &ROOHFWLRQ RI 9LFWRULDQ 3HDUO (QDPHO <HOORZ *ROG -HZHOU\
&RUDO 'LDPRQG N <HOORZ *ROG -HZHOU\ 6XLWH
,QFOXGLQJ RQH SHDUO N \HOORZ JROG KHDUW VOLGH LQFK EUDFHOHW RQH SHDUO N \HOORZ JROG VRURULW\ DUURZ SLQ WRJHWKHU ZLWK RQH HQDPHO N \HOORZ JROG VSXU SLQ
,QFOXGLQJ RQH SHDU VKDSHG FRUDO FDERFKRQ GLDPRQG N \HOORZ JROG SHQGDQW WRJHWKHU ZLWK D PDWFKLQJ SDLU RI SHDU VKDSHG FRUDO FDERFKRQ GURS VW\OH HDUULQJV
(VWLPDWH
(VWLPDWH
(VWLPDWH &ROOHFWLRQ RI 7ZR *ROG &RLQ N <HOORZ *ROG 5LQJV
3DLU RI &RUDO 'LDPRQG N <HOORZ *ROG (DUULQJV
,QFOXGLQJ RQH JROG 6RYHUHLJQ FRLQ N \HOORZ JROG ULQJ VL]H WRJHWKHU ZLWK RQH JROG 6RYHUHLJQ FRLQ N \HOORZ JROG ULQJ VL]H
(DFK IHDWXUHV RQH URXQG FRUDO FDERFKRQ DFFHQWHG E\ VL[ IXOO FXW GLDPRQGV ZHLJKLQJ D WRWDO RI DSSUR[LPDWHO\ FWWZ VHW LQ D N \HOORZ JROG PRXQWLQJ
(VWLPDWH
)RU PXOWLSOH YLHZV DQG FRORU SKRWRV JR WR FDWDORJ PLFKDDQV FRP
3DJH
$ 0D\ (VWDWH $XFWLRQ &RUDO %HDG 1HFNODFH
&ROOHFWLRQ RI 7ZR 3DLUV RI &RUDO <HOORZ *ROG (DUULQJV
&RPSRVHG RI RQH KXQGUHG DQG WHQ JUDGXDWLQJ FRUDO EHDGV UDQJLQJ LQ VL]H IURP DSSUR[LPDWHO\ PP WR PP IRUPLQJ D LQFK QHFNODFH
(VWLPDWH
(VWLPDWH &ROOHFWLRQ RI 7ZR -DGH N <HOORZ *ROG 1HFNODFHV
(VWLPDWH
,QFOXGLQJ RQH JUDGXDWHG MDGHLWH JUDGXDWHG EHDG UDQJLQJ LQ VL]H IURP DSSUR[LPDWHO\ WR PP FRPSOHWHG E\ D N \HOORZ JROG EDOO IRUP FODVS IRUPLQJ D LQFK QHFNODFH WRJHWKHU ZLWK RQH JUDGXDWHG MDGHLWH JUDGXDWHG EHDG UDQJLQJ LQ VL]H IURP DSSUR[LPDWHO\ WR PP FRPSOHWHG E\ D N \HOORZ JROG EDOO IRUP FODVS IRUPLQJ DQ LQFK QHFNODFH
,QFOXGLQJ D SDLU RI FRUDO SLHUFHG GURS VW\OH HDUULQJV PHDVXULQJ DSSUR[LPDWHO\ PP LQ OHQJWK WRJHWKHU ZLWK D SDLU RI FRUDO GURS N \HOORZ JROG SLHUFHG HDUULQJV PHDVXULQJ DSSUR[LPDWHO\ PP LQ OHQJWK
&RUDO *ROG 1HFNODFH )HDWXULQJ RQH ILJXUDO N \HOORZ JROG SHQGDQW VXVSHQGHG IURP D FRUDO GLVF N \HOORZ JROG EHDG LQFK QHFNODFH
(VWLPDWH &RUDO N <HOORZ *ROG %UDFHOHW
3DLU RI -DGH 'LDPRQG N <HOORZ *ROG (DUULQJV (DFK IHDWXUHV RQH FDUYHG DQG SLHUFHG MDGHLWH SODTXH PHDVXULQJ DSSUR[LPDWHO\ [ PP DFFHQWHG E\ ILYH URXQG FXW GLDPRQGV VHW LQ D N \HOORZ JROG PRXQWLQJ
)HDWXULQJ VHYHQ RYDO FRUDO FDERFKRQV PHDVXULQJ DSSUR[LPDWHO\ [ PP VHW LQ D N \HOORZ JROG KLQJHG EDQJOH PRXQWLQJ
(VWLPDWH
(VWLPDWH
-DGH &XOWXUHG 3HDUO N <HOORZ *ROG %UDFHOHW &RUDO &DPHR N <HOORZ *ROG 0HWDO %URRFK &HQWHULQJ RQH FRUDO FDPHR GHSLFWLQJ WKH SURILOH RI D ODG\ VHW LQ D N \HOORZ JROG IUDPH ZLWK PHWDO ILQGLQJV
(VWLPDWH
(VWLPDWH
)RU PXOWLSOH YLHZV DQG FRORU SKRWRV JR WR FDWDORJ PLFKDDQV FRP
&RPSRVHG RI IRXU FDUYHG MDGHLWH VHJPHQWV PHDVXULQJ DSSUR[LPDWHO\ [ [ PP LQWHUVSHUVHG E\ WKUHH PP FXOWXUHG SHDUOV VHW LQ DQ $VLDQ PRWLI N \HOORZ JROG OLQN FDSV IRUPLQJ D LQFK EUDFHOHW $FFRPSDQLHG E\ D 0DVRQ .D\ 5HSRUW GDWHG 0DUFK VWDWLQJ 1DWXUDO -DGHLWH -DGH QR G\H RU SRO\PHU GHWHFWHG $
MDGH
3DJH
$ 0D\ (VWDWH $XFWLRQ
(VWLPDWH
&RUDO -DGH +DUGVWRQH (QDPHO 6LOYHU 1HFNODFH
&ROOHFWLRQ RI 0XOWL 6WRQH <HOORZ *ROG -HZHOU\
)HDWXULQJ D MDGH GLVF PHDVXULQJ DSSUR[LPDWHO\ [ PP VXVSHQGHG IURP DQG DFFHQWHG E\ D FRPELQDWLRQ RI FRUDO EHDGV MDGH EHDGV DQG FRPSRVH WLJHU V H\H EHDGV IXUWKHU DFFHQWHG E\ VLOYHU YHUPHLO ILOLJUHH EHDGV DQG FODVS DQG EOXH HQDPHO IORZHU GLVFV IRUPLQJ D LQFK QHFNODFH
,QFOXGLQJ RQH MDGH N \HOORZ JROG EDQJOH EUDFHOHW RQH SDLU RI MDGH N \HOORZ JROG HDUULQJV RQH MDGH PP EHDG N \HOORZ JROG LQFK QHFNODFH WRJHWKHU ZLWK RQH G\HG TXDUW]LWH EHDG LQFK QHFNODFH
(VWLPDWH
-DGH N <HOORZ *ROG 5LQJ -DGH 'LDPRQG N <HOORZ *ROG 3HQGDQW
(VWLPDWH
)HDWXULQJ D FDUYHG MDGH SLHFH PHDVXULQJ DSSUR[LPDWHO\ [ PP GHSLFWLQJ WZR EDWV DQG D FRLQ VHW LQ D N \HOORZ JROG ZDYH PRWLI IUDPH DFFHQWHG E\ HLJKWHHQ IXOO FXW GLDPRQGV ZHLJKLQJ D WRWDO RI DSSUR[LPDWHO\ FWWZ
&HQWHULQJ RQH RYDO MDGHLWH FDERFKRQ VHW LQ D N \HOORZ JROG PRXQWLQJ
(VWLPDWH -DGH N 5RVH *ROG 5LQJ
6DWVXPD 0HWDO 1HFNODFH
(VWLPDWH
&RPSRVHG RI WZHQW\ VHYHQ KDQG SDLQWHG VDWVXPD GLVFV PHDVXULQJ DSSUR[LPDWHO\ PP GHSLFWLQJ VFHQLF IORUDO DQG ILJXUDO LPDJHV ZLWK D JUDGXDWHG SHQGDQW PHDVXULQJ DSSUR[LPDWHO\ EHWZHHQ WR PP IHDWXULQJ VDWVXPD IORUDO DQG ILJXUDO GLVFV DOO VHW LQ PHWDO FRPSOHWHG E\ D WRQJXH DQG JURRYH FODVS ZLWK VDIHW\ IRUPLQJ D LQFK QHFNODFH
(VWLPDWH
-DGH 1HSKULWH 9HUPHLO 1HFNODFH
&RUDO %HDG 1HFNODFH &RPSRVHG RI ILIW\ IRXU $VLDQ PRWLI FDUYHG PP FRUDO EHDGV IRUPLQJ D LQFK QHFNODFH
)HDWXULQJ RQH MDGHLWH WDEOHW PHDVXULQJ DSSUR[LPDWHO\ [ [ PP VHW LQ DQ N URVH JROG PRXQWLQJ $FFRPSDQLHG E\ D 0DVRQ .D\ 5HSRUW GDWHG 0DUFK VWDWLQJ 1DWXUDO MDGHLWH MDGH QR G\H RU SRO\PHU GHWHFWHG
$ MDGH
(VWLPDWH
)HDWXULQJ D FDUYHG MDGHLWH SHQGDQW PHDVXULQJ DSSUR[LPDWHO\ [ PP VXVSHQGHG IURP D LQFK QHFNODFH FRPSRVHG RI FDUYHG QHSKULWH EHDGV PHDVXULQJ DSSUR[LPDWHO\ PP MDGHLWH EHDGV PHDVXULQJ DSSUR[LPDWHO\ PP WRJHWKHU ZLWK YHUPHLO DFFHQWV DQG FODVS
(VWLPDWH
)RU PXOWLSOH YLHZV DQG FRORU SKRWRV JR WR FDWDORJ PLFKDDQV FRP
3DJH
$ 0D\ (VWDWH $XFWLRQ -DGH N <HOORZ *ROG 3HQGDQW
-DGH N <HOORZ *ROG 5LQJ )HDWXULQJ RQH RFWDJRQDO MDGHLWH FDERFKRQ PHDVXULQJ DSSUR[LPDWHO\ [ PP VHW LQ D N \HOORZ JROG PRXQWLQJ
)HDWXULQJ RQH FDUYHG MDGHLWH SODTXH GHSLFWLQJ D FRLQ DQG VQDNH PRWLI VHW LQ N \HOORZ JROG
(VWLPDWH
(VWLPDWH -DGH N <HOORZ *ROG 3HQGDQW
(VWLPDWH
)HDWXULQJ RQH FDUYHG MDGHLWH KHDUW PHDVXULQJ DSSUR[LPDWHO\ [ [ PP VHW LQ D N \HOORZ JROG KHDUW VKDSHG EDLO $FFRPSDQLHG E\ D 0DVRQ .D\ 5HSRUW GDWHG 0DUFK VWDWLQJ 1DWXUDO MDGHLWH MDGH QR G\H RU SRO\PHU GHWHFWHG $ MDGH
-DGH N <HOORZ *ROG 5LQJ )HDWXULQJ RQH RYDO MDGHLWH FDERFKRQ PHDVXULQJ DSSUR[LPDWHO\ [ PP VHW LQ D N \HOORZ JROG PRXQWLQJ
(VWLPDWH 3DLU RI -DGH N <HOORZ *ROG (DUULQJV
-DGH &XOWXUHG 3HDUO N <HOORZ *ROG 1HFNODFH
(VWLPDWH
&RPSRVHG RI VHYHQ VWUDQGV RI QXPHURXV PP FXOWXUHG SHDUOV FRPSOHWHG E\ D FDUYHG MDGHLWH SODTXH PHDVXULQJ DSSUR[LPDWHO\ [ [ PP VHW LQ DQ N \HOORZ JROG FODVS IRUPLQJ D LQFK QHFNODFH $FFRPSDQLHG E\ D 0DVRQ .D\ 5HSRUW GDWHG 0DUFK VWDWLQJ 1DWXUDO MDGHLWH MDGH QR G\H RU SRO\PHU GHWHFWHG
$ MDGH 1RWH -DGHLWH LV FUDFNHG
(VWLPDWH
-DGH %UDFHOHW 7KH FDUYHG MDGHLWH EDQJOH PHDVXULQJ DSSUR[LPDWHO\ PP DQG PHDVXULQJ DSSUR[LPDWHO\ PP LQWHUQDO GLDPHWHU
3$,5 2) -$'( ',$021' . <(//2: *2/' ($55,1*6 (DFK IHDWXUHV RQH FDUYHG DQG SLHUFHG MDGH SODTXH GHSLFWLQJ D ORWXV DFFHQWHG E\ ILYH URXQG FXW GLDPRQGV VHW LQ D N \HOORZ JROG PRXQWLQJ
(DFK IHDWXUHV RQH RYDO MDGHLWH FDERFKRQ PHDVXULQJ DSSUR[LPDWHO\ [ [ PP VHW LQ D N \HOORZ JROG PRXQWLQJ $FFRPSDQLHG E\ D 0DVRQ .D\ 5HSRUW GDWHG 0DUFK VWDWLQJ 1DWXUDO MDGHLWH MDGH QR G\H RU SRO\PHU GHWHFWHG $ MDGH
(VWLPDWH
(VWLPDWH
)RU PXOWLSOH YLHZV DQG FRORU SKRWRV JR WR FDWDORJ PLFKDDQV FRP
3DJH
$ 0D\ (VWDWH $XFWLRQ -DGH N <HOORZ *ROG 5LQJ
&RUDO 'LDPRQG N <HOORZ *ROG 3HQGDQW
)HDWXULQJ RQH RYDO QHSKULWH FDERFKRQ PHDVXULQJ DSSUR[LPDWHO\ [ PP VHW LQ D N \HOORZ JROG ORWXV IORZHU PRWLI
(VWLPDWH
&HQWHULQJ RQH RYDO FRUDO FDERFKRQ DFFHQWHG E\ WKLUW\ QLQH IXOO FXW GLDPRQGV ZHLJKLQJ D WRWDO RI DSSUR[LPDWHO\ FWWZ VHW LQ D N \HOORZ JROG PRXQWLQJ
(VWLPDWH -DGH N <HOORZ *ROG 5LQJ
(VWLPDWH
)HDWXULQJ RQH SHDU VKDSHG FDERFKRQ PHDVXULQJ DSSUR[LPDWHO\ [ PP VHW LQ D N \HOORZ JROG IORUDO PRXQWLQJ $FFRPSDQLHG E\ D 0DVRQ .D\ 5HSRUW GDWHG 0DUFK VWDWLQJ 1DWXUDO MDGHLWH MDGH QR G\H RU SRO\PHU GHWHFWHG $ MDGH
&RUDO N <HOORZ *ROG -HZHOU\ 6XLWH ,QFOXGLQJ RQH FRUDO FDERFKRQ N \HOORZ JROG ULQJ VL]H WRJHWKHU ZLWK RQH SDLU RI FRUDO FDERFKRQ N \HOORZ JROG HDUULQJV
(VWLPDWH -DGH N <HOORZ *ROG %UDFHOHW
-DGH 'LDPRQG N <HOORZ *ROG 5LQJ
(VWLPDWH
&HQWHULQJ RQH RYDO RPSKDFLWH MDGH FDERFKRQ PHDVXULQJ DSSUR[LPDWHO\ [ [ PP VXUURXQGHG E\ HLJKWHHQ IXOO FXW GLDPRQGV ZHLJKLQJ D WRWDO RI DSSUR[LPDWHO\ FWWZ VHW LQ D N \HOORZ JROG PRXQWLQJ $FFRPSDQLHG E\ D *,$ *HP 7UDGH /DERUDWRU\ 5HSRUW GDWHG 6HSWHPEHU VWDWLQJ 2PSKDFLWH MDGH QDWXUDO FRORU
)HDWXULQJ RQH FDUYHG MDGHLWH EDQJOH PHDVXULQJ DSSUR[LPDWHO\ PP LQ ZLGWK VHW LQ D D KLQJHG N \HOORZ JROG VOHHYH EDQJOH PRXQWLQJ
(VWLPDWH &ROOHFWLRQ RI 7ZR 0XOWL 6WRQH <HOORZ *ROG 1HFNODFHV
-DGH N <HOORZ *ROG %URRFK
(VWLPDWH
)HDWXULQJ ILYH MDGHLWH SODTXHV WZR WULDQJXODU EODFN MDGH RQH UHFWDQJXODU EHYHOHG ODYHQGHU JUHHQ DQG UHG MDGHLWH VHW LQ DQ N \HOORZ JROG EDU EURRFK $FFRPSDQLHG E\ D 0DVRQ .D\ 5HSRUW GDWHG 0DUFK VWDWLQJ 1DWXUDO MDGHLWH MDGH QR G\H RU SRO\PHU GHWHFWHG $ MDGH
(VWLPDWH
)RU PXOWLSOH YLHZV DQG FRORU SKRWRV JR WR FDWDORJ PLFKDDQV FRP
,QFOXGLQJ RQH FDUQHOLDQ EHDG VXVSHQGLQJ D FDUQHOLDQ GLVF N \HOORZ JROG SHQGDQW IRUPLQJ D LQFK QHFNODFH WRJHWKHU ZLWK RQH PXOWLFRORUHG WRXUPDOLQH EHDG VXVSHQGLQJ D FDUYHG DJDWH OHDI DFFHQWHG E\ RQH RYDO DQG RQH SHDU GURS EHU\O VHW LQ D N \HOORZ JROG IRUPLQJ D LQFK QHFNODFH
3DJH
$ 0D\ (VWDWH $XFWLRQ &ROOHFWLRQ RI 7ZR $PEHU 0HWDO -HZHOU\ ,WHPV
(VWLPDWH
,QFOXGLQJ D IDFHWHG EHDG QHFNODFH FRPSRVHG RI WKLUW\ WZR DPEHU EHDGV PHDVXULQJ DSSUR[LPDWHO\ EHWZHHQ [ PP WR [ PP IRUPLQJ D LQFK QHFNODFH WRJHWKHU ZLWK D SDLU RI DPEHU GURS HDUULQJV PHDVXULQJ DSSUR[LPDWHO\ [ PP FRPSOHWHG E\ D PHWDO SRVW
&ROOHFWLRQ RI ,QODLG 0H[LFDQ 6WHUOLQJ 6LOYHU 6LOYHU 0L[HG 0HWDO -HZHOU\
(VWLPDWH
N :KLWH *ROG %UDFHOHW
$PEHU %HDG 1HFNODFH
7KH VTXDUH RSHQ GRXEOH OLQN DUWLFXODWHG N ZKLWH JROG EUDFHOHW PHDVXULQJ DSSUR[LPDWHO\ LQFKHV ORQJ
&RPSRVHG RI VL[W\ ILYH DPEHU EHDGV PHDVXULQJ DSSUR[LPDWHO\ EHWZHHQ [ PP WR [ PP IRUPLQJ D LQFK QHFNODFH
(VWLPDWH
(VWLPDWH
&ROOHFWLRQ RI 7KUHH -DGH 6LOYHU 5LQJV
*HRUJ -HQVHQ $PEHU &KDOFHGRQ\ 6WHUOLQJ 6LOYHU 1HFNODFH
(VWLPDWH
)HDWXULQJ RQH RYDO DPEHU FDERFKRQ DFFHQWHG E\ WKUHH URXQG FKDOFHGRQ\ FDERFKRQV VHW LQ D VWHUOLQJ VLOYHU OHDI ZUHDWK PRWLI SHQGDQW VXVSHQGHG IURP D LQFK VWHUOLQJ VLOYHU WRJJOH FODVS FKDLQ
(VWLPDWH
&ROOHFWLRQ RI *HRUJ -HQVHQ 6WHUOLQJ 6LOYHU -HZHOU\
(VWLPDWH
,QFOXGLQJ D PDWFKLQJ SDLU RI HDUULQJV DQG EURRFK E\ /RV &DVWLOOR RI LQODLG VWRQH DQG PL[HG PHWDOV RI D SDUURW V KHDG WRJHWKHU ZLWK D SDLU RI VLOYHU PRQVWHU IDFH FXIIOLQNV 1RWH (DUULQJ EURNHQ PLVVLQJ SDUWV
,QFOXGLQJ RQH RYDO MDGHLWH FDERFKRQ PHDVXULQJ DSSUR[LPDWHO\ [ [ PP VHW LQ D VLOYHU PRXQWLQJ VL]H WRJHWKHU ZLWK WZR MDGHLWH QDYHWWH FDERFKRQV PHDVXULQJ DSSUR[LPDWHO\ [ [ PP VHW LQ VLOYHU PRXQWLQJV VL]H $FFRPSDQLHG E\ D *,$ *HP 7UDGH /DERUDWRU\ 5HSRUW GDWHG )HEUXDU\ VWDWLQJ 1R LQGLFDWLRQV RI LPSUHJQDWLRQ
-DGH N :KLWH *ROG 3HQGDQW
,QFOXGLQJ RQH *HRUJ -HQVHQ VWHUOLQJ VLOYHU WZLVW EDU EDQJOH PHDVXULQJ DSSUR[LPDWHO\ PP LQ ZLGWK ZLWK D PP LQWHUQDO GLDPHWHU WRJHWKHU ZLWK RQH *HRUJ -HQVHQ VWHUOLQJ VLOYHU ZUHQ HQFLUFOHG E\ OHDI EURRFK
)HDWXULQJ D FDUYHG MDGHLWH )X GUDJRQ PHDVXULQJ DSSUR[LPDWHO\ [ PP VHW LQ DQ N ZKLWH JROG PRXQWLQJ
(VWLPDWH
)RU PXOWLSOH YLHZV DQG FRORU SKRWRV JR WR FDWDORJ PLFKDDQV FRP
3DJH
$ 0D\ (VWDWH $XFWLRQ 2PSKDFLWH 6LOYHU 5LQJ
(VWLPDWH
)HDWXULQJ RQH RYDO RPSKDFLWH FDERFKRQ PHDVXULQJ DSSUR[LPDWHO\ [ [ PP VHW LQ D VLOYHU PRXQWLQJ $FFRPSDQLHG E\ D *,$ *HP 7UDGH /DERUDWRU\ 5HSRUW GDWHG )HEUXDU\ VWDWLQJ 1R LQGLFDWLRQV RI LPSUHJQDWLRQ
-DGH 'LDPRQG N :KLWH *ROG 5LQJ &HQWHULQJ RQH RYDO MDGHLWH FDERFKRQ VXUURXQGHG E\ WZHQW\ HLJKW IXOO FXW GLDPRQGV ZHLJKLQJ D WRWDO RI DSSUR[LPDWHO\ FWWZ VHW LQ D N ZKLWH JROG PRXQWLQJ
(VWLPDWH -DGH 'LDPRQG N :KLWH *ROG 5LQJ
&ROOHFWLRQ RI 7ZR -DGH 6LOYHU 5LQJV
(VWLPDWH
,QFOXGLQJ RQH RYDO MDGHLWH FDERFKRQ PHDVXULQJ DSSUR[LPDWHO\ [ [ PP VHW LQ D VLOYHU PRXQWLQJ VL]H WRJHWKHU ZLWK RQH RYDO MDGHLWH FDERFKRQ PHDVXULQJ DSSUR[LPDWHO\ [ [ PP VHW LQ D VLOYHU PRXQWLQJ VL]H $FFRPSDQLHG E\ D *,$ *HP 7UDGH /DERUDWRU\ 5HSRUW GDWHG )HEUXDU\ VWDWLQJ 1R LQGLFDWLRQV RI LPSUHJQDWLRQ
&HQWHULQJ RQH RYDO MDGHLWH FDERFKRQ VXUURXQGHG E\ WZHQW\ WZR VLQJOH FXW GLDPRQGV ZHLJKLQJ D WRWDO RI DSSUR[LPDWHO\ FWWZ VHW LQ D N ZKLWH JROG PRXQWLQJ
(VWLPDWH 'LDPRQG N :KLWH *ROG 5LQJ )HDWXULQJ WZHQW\ IRXU SULQFHVV FXW DQG IRUW\ WZR EDJXHWWH FXW GLDPRQGV ZHLJKLQJ D WRWDO RI DSSUR[LPDWHO\ FWWZ VHW LQ D N ZKLWH JROG PRXQWLQJ
2SDO 'LDPRQG 6LOYHU 3HQGDQW 1HFNODFH )HDWXULQJ RQH RYDO DQG RQH URXQG RSDO FDERFKRQ DFFHQWHG E\ QLQHWHHQ URXQG FXW GLDPRQGV VHW LQ D VLOYHU PRXQWLQJ VXVSHQGHG IURP D LQFK VLOYHU FKDLQ
(VWLPDWH &RUDO 'LDPRQG N :KLWH *ROG 3HQGDQW
(VWLPDWH
&HQWHULQJ RQH URXQG FRUDO FDERFKRQ DFFHQWHG E\ VL[ URXQG FXW GLDPRQGV VHW LQ D N ZKLWH JROG PRXQWLQJ
&XOWXUHG 3HDUO N <HOORZ *ROG 1HFNODFH &RPSRVHG RI HLJKWHHQ JUDGXDWLQJ EDURTXH FXOWXUHG SHDUOV FRPSOHWHG E\ D N \HOORZ JROG FODVS IRUPLQJ D LQFK EUDFHOHW
(VWLPDWH 3DLU RI &RUDO 'LDPRQG N :KLWH *ROG (DUULQJV
(VWLPDWH
(DFK IHDWXUHV RQH SHDU VKDSHG FRUDO FDERFKRQ DFFHQWHG E\ RQH IXOO FXW GLDPRQG VHW LQ D N ZKLWH JROG PRXQWLQJ
(VWLPDWH
)RU PXOWLSOH YLHZV DQG FRORU SKRWRV JR WR FDWDORJ PLFKDDQV FRP
3DJH
$ 0D\ (VWDWH $XFWLRQ 6$33+,5( ',$021' . :+,7( *2/' 5,1*
(VWLPDWH
)HDWXULQJ RQH RYDO VWDU VDSSKLUH PHDVXULQJ DSSUR[LPDWHO\ [ [ PP DFFHQWHG E\ VL[W\ IRXU URXQG FXW GLDPRQGV ZHLJKLQJ D WRWDO RI DSSUR[LPDWHO\ FW SURQJ DQG EHDG VHW LQ D N ZKLWH JROG PRXQWLQJ $FFRPSDQLHG E\ D *,$ *HP 7UDGH /DERUDWRU\ 5HSRUW GDWHG 0D\ VWDWLQJ 17( QR LQGLFDWLRQV RI KHDWLQJ
-DGH 6LOYHU 5LQJ
(VWLPDWH
)HDWXULQJ RQH RYDO MDGHLWH FDERFKRQ PHDVXULQJ DSSUR[LPDWHO\ [ [ PP VHW LQ D VLOYHU PRXQWLQJ $FFRPSDQLHG E\ D *,$ *HP 7UDGH /DERUDWRU\ 5HSRUW GDWHG -DQXDU\ VWDWLQJ 1R LQGLFDWLRQV RI LPSUHJQDWLRQ
-DGH N :KLWH *ROG 5LQJ -DGH %UDFHOHW 7KH FDUYHG MDGHLWH EDQJOH PHDVXULQJ DSSUR[LPDWHO\ PP DQG PHDVXULQJ DSSUR[LPDWHO\ PP LQWHUQDO GLDPHWHU
(VWLPDWH
(VWLPDWH
&XOWXUHG 3HDUO 'LDPRQG N :KLWH *ROG 1HFNODFH
-DGH 'LDPRQG N :KLWH *ROG 5LQJ
(VWLPDWH
&HQWHULQJ RQH RYDO MDGHLWH FDERFKRQ PHDVXULQJ DSSUR[LPDWHO\ [ [ PP DFFHQWHG E\ QLQHWHHQ IXOO FXW DQG IRXU EDJXHWWH FXW GLDPRQGV ZHLJKLQJ D WRWDO RI DSSUR[LPDWHO\ FWWZ VHW LQ DQ N ZKLWH JROG PRXQWLQJ $FFRPSDQLHG E\ D 0DVRQ .D\ 5HSRUW GDWHG 0DUFK VWDWLQJ 1DWXUDO MDGHLWH MDGH QR G\H RU SRO\PHU GHWHFWHG
$ MDGH
'LDPRQG N :KLWH *ROG 5LQJ )HDWXULQJ HLJKWHHQ SULQFHVV FXW GLDPRQGV ZHLJKLQJ D WRWDO RI DSSUR[LPDWHO\ FWWZ VHW LQ D N ZKLWH JROG PRXQWLQJ
)HDWXULQJ RQH RYDO MDGHLWH FDERFKRQ PHDVXULQJ DSSUR[LPDWHO\ [ [ PP VHW LQ DQ N ZKLWH JOG PRXQWLQJ $FFRPSDQLHG E\ *,$ *HP 7UDGH /DERUDWRU\ 5HSRUW GDWHG -XO\ VWDWLQJ QR LQGLFDWLRQV RI LPSUHJQDWLRQ
&RPSRVHG RI WKLUW\ RQH JUDGXDWHG FXOWXUHG SHDUOV UDQJLQJ LQ VL]H IURP DSSUR[LPDWHO\ PP WR PP FRPSOHWHG E\ D GLDPRQG N ZKLWH JROG EDOO IRUP FODVS IRUPLQJ D LQFK QHFNODFH
(VWLPDWH
&ROOHFWLRQ RI 7ZR $PHWK\VW 'LDPRQG N *ROG -HZHOU\ ,QFOXGLQJ RQH IDQF\ FXW DPHWK\VW VHW LQ D N ZKLWH JROG ULQJ VL]H WRJHWKHU ZLWK D GLDPRQG N \HOORZ DQG ZKLWH JROG EDU EURRFK
(VWLPDWH
(VWLPDWH
)RU PXOWLSOH YLHZV DQG FRORU SKRWRV JR WR FDWDORJ PLFKDDQV FRP
3DJH
$ 0D\ (VWDWH $XFWLRQ $PHWK\VW 'LDPRQG 6LOYHU *LOW 1HFNODFH
(VWLPDWH
)HDWXULQJ RQH SHDU FXW DPHWK\VW ZHLJKLQJ DSSUR[LPDWHO\ FWV DFFHQWHG E\ RQH KXQGUHG URXQG FXW GLDPRQGV ZHLJKLQJ D WRWDO RI DSSUR[LPDWHO\ FWWZ VHW LQ D VLOYHU JLOW PRXQWLQJ DWWDFKHG WR D ILQH VLOYHU FKDLQ IRUPLQJ DQ LQFK QHFNODFH
'LDPRQG 3ODWLQXP 5LQJ )HDWXULQJ RQH ROG (XURSHDQ FXW GLDPRQG ZHLJKLQJ DSSUR[LPDWHO\ FW IODQNHG E\ VL[ VLQJOH FXW GLDPRQGV ZHLJKLQJ D WRWDO RI DSSUR[LPDWHO\ FWWZ VHW LQ D SODWLQXP PRXQWLQJ
(VWLPDWH 'LDPRQG 3ODWLQXP %DQG
2SDO 6LOYHU *LOW %LUG %URRFK
)HDWXULQJ WZR SULQFHVV FXW DQG VL[ EDJXHWWH FXW GLDPRQGV ZHLJKLQJ D WRWDO RI DSSUR[LPDWHO\ FWWZ VHW LQ D SODWLQXP PRXQWLQJ
&RPSRVHG RI QXPHURXV URXQG RSDO FDERFKRQV VHW LQ D VLOYHU JLOW ELUG LQ IOLJKW
(VWLPDWH (VWLPDWH 2SDO 'LDPRQG 6LOYHU 1HFNODFH
$TXDPDULQH 6HHG 3HDUO N *ROG 5LQJ &HQWHULQJ RQH HPHUDOG FXW DTXDPDULQH ZHLJKLQJ DSSUR[LPDWHO\ FWV VXUURXQGHG E\ VHYHUDO VHHG SHDUOV VHW LQ D N \HOORZ DQG ZKLWH JROG PRXQWLQJ 1RWH 6KDQN KDV EHHQ UHSDLUHG
(VWLPDWH
)HDWXULQJ RQH SHDU RSDO FDERFKRQ PHDVXULQJ DSSUR[LPDWHO\ [ PP DFFHQWHG E\ VL[W\ QLQH URXQG FXW GLDPRQGV ZHLJKLQJ D WRWDO RI DSSUR[LPDWHO\ FWWZ VHW LQ D VLOYHU GURS PRXQWLQJ VXVSHQGHG IURP D VLOYHU FKDLQ IRUPLQJ D LQFK QHFNODFH
(VWLPDWH 3DLU RI 2SDO 'LDPRQG N :KLWH *ROG (DUULQJV (DFK FHQWHUV RQH RYDO RSDO FDERFKRQ PHDVXULQJ DSSUR[LPDWHO\ [ PP VXUURXQGHG E\ IRUW\ VHYHQ VLQJOH FXW GLDPRQGV ZHLJKLQJ D WRWDO RI DSSUR[LPDWHO\ FWWZ VHW LQ D N ZKLWH JROG PRXQWLQJ
(VWLPDWH
)RU PXOWLSOH YLHZV DQG FRORU SKRWRV JR WR FDWDORJ PLFKDDQV FRP
3DJH
$ 0D\ (VWDWH $XFWLRQ $UW 1RXYHDX 3HULGRW 7RXUPDOLQH 'LDPRQG 6WHUOLQJ 6LOYHU *ROG -HZHOU\ 6XLWH
(VWLPDWH
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
3DLU RI 6DSSKLUH 'LDPRQG N :KLWH *ROG (DUULQJV
(VWLPDWH
2SDO 'LDPRQG 6DSSKLUH 6LOYHU 3HQGDQW 1HFNODFH
(VWLPDWH
6DSSKLUH 3ODWLQXP (WHUQLW\ %DQG
)HDWXULQJ RQH RYDO DQG RQH URXQG RSDO FDERFKRQ DFFHQWHG E\ WKUHH UHFWDQJXODU FXW VDSSKLUHV ZHLJKLQJ D WRWDO RI DSSUR[LPDWHO\ FWWZ DFFHQWHG E\ WKLUW\ WKUHH URXQG FXW GLDPRQGV ZHLJKLQJ D WRWDO RI DSSUR[LPDWHO\ FWWZ VHW LQ D VLOYHU GURS PRXQWLQJ VXVSHQGHG IURP D VLOYHU LQFK FKDLQ
6DSSKLUH 'LDPRQG :KLWH *ROG 3HQGDQW 1HFNODFH
)HDWXULQJ WZHQW\ VL[ VTXDUH FXW VDSSKLUHV ZHLJKLQJ D WRWDO RI DSSUR[LPDWHO\ FWWZ VHW LQ D SODWLQXP HWHUQLW\ PRXQWLQJ
(VWLPDWH
(DFK IHDWXUHV RQH RYDO FXW VDSSKLUH ZHLJKLQJ DSSUR[LPDWHO\ FW DFFHQWHG E\ WKLUW\ IRXU URXQG FXW GLDPRQGV ZHLJKLQJ D WRWDO RI DSSUR[LPDWHO\ FWWZ VHW LQ D N ZKLWH JROG FKDQGHOLHU VW\OH PRXQWLQJ 1RWH )ULFWLRQ EDFNV DUH PLVVLQJ
(VWLPDWH
)HDWXULQJ WKUHH URXQG FXW VDSSKLUHV DFFHQWHG E\ WKLUW\ QLQH IXOO FXW GLDPRQGV ZHLJKLQJ D WRWDO RI DSSUR[LPDWHO\ FWWZ VHW LQ DQ N ZKLWH JROG DUWLFXODWHG PRXQWLQJ VXVSHQGHG IRUP DQ N ZKLWH JROG LQFK QHFN FKDLQ
6DSSKLUH 3ODWLQXP 5LQJ 6DSSKLUH 'LDPRQG 3ODWLQXP 5LQJ
)HDWXULQJ WZHQW\ ILYH VTXDUH FXW VDSSKLUHV ZHLJKLQJ D WRWDO RI DSSUR[LPDWHO\ FWWZ VHW LQ D SODWLQXP HWHUQLW\ EDQG
)HDWXULQJ RQH RYDO FXW VDSSKLUH ZHLJKLQJ DSSUR[LPDWHO\ FW IODQNHG E\ WZR EDJXHWWH FXW GLDPRQGV ZHLJKLQJ D WRWDO RI DSSUR[LPDWHO\ FWWZ VHW LQ D SODWLQXP PRXQWLQJ
(VWLPDWH (VWLPDWH
)RU PXOWLSOH YLHZV DQG FRORU SKRWRV JR WR FDWDORJ PLFKDDQV FRP
3DJH
$ 0D\ (VWDWH $XFWLRQ 6WDU 6DSSKLUH 6LOYHU 5LQJ
(VWLPDWH
)HDWXULQJ RQH URXQG VWDU VDSSKLUH PHDVXULQJ DSSUR[LPDWHO\ [ [ PP VHW LQ D VLOYHU PRXQWLQJ $FFRPSDQLHG E\ D *,$ *HP 7UDGH /DERUDWRU\ 5HSRUW GDWHG 0D\ VWDWLQJ QR LQGLFDWLRQV RI KHDWLQJ 17(
7DQ]DQLWH 'LDPRQG N <HOORZ *ROG 5LQJ
(VWLPDWH
3DLU RI 7DQ]DQLWH 'LDPRQG N :KLWH *ROG (DUULQJV
3DLU RI 'LDPRQG N :KLWH *ROG (DUULQJV
(DFK FHQWHUV RQH RYDO WDQ]DQLWH FDERFKRQ PHDVXULQJ DSSUR[LPDWHO\ [ PP VXUURXQGHG E\ WZHQW\ WKUHH IXOO FXW GLDPRQGV ZHLJKLQJ D WRWDO RI DSSUR[LPDWHO\ FWWZ VHW LQ DQ N ZKLWH JROG PRXQWLQJ
(DFK IHDWXUHV WZHQW\ VL[ VLQJOH FXW GLDPRQGV ZHLJKLQJ D WRWDO RI DSSUR[LPDWHO\ FWWZ VHW LQ D N ZKLWH JROG GURS VW\OH PRXQWLQJ
(VWLPDWH
(VWLPDWH
7DQ]DQLWH 'LDPRQG N :KLWH *ROG 5LQJ
$TXDPDULQH 'LDPRQG N :KLWH *ROG 5LQJ
&HQWHULQJ RQH RYDO WDQ]DQLWH ZHLJKLQJ DSSUR[LPDWHO\ FWV DFFHQWHG E\ RQH KXQGUHG DQG VL[ IXOO FXW GLDPRQGV ZHLJKLQJ D WRWDO RI DSSUR[LPDWHO\ FWWZ VHW LQ D N ZKLWH JROG PRXQWLQJ
&HQWHULQJ RQH RYDO FXW DTXDPDULQH VXUURXQGHG E\ VL[WHHQ VLQJOH FXW GLDPRQGV ZHLJKLQJ D WRWDO RI DSSUR[LPDWHO\ FWWZ VHW LQ D N ZKLWH JROG PRXQWLQJ
(VWLPDWH
(VWLPDWH 'LDPRQG N :KLWH *ROG (DUULQJV
5XE\ 'LDPRQG 3ODWLQXP 5LQJ &HQWHULQJ RQH RYDO FXW UXE\ DFFHQWHG E\ WZHQW\ IRXU IXOO FXW DQG ILIW\ VL[ EDJXHWWH FXW GLDPRQGV ZHLJKLQJ D WRWDO RI DSSUR[LPDWHO\ FWWZ VHW LQ D SODWLQXP PRXQWLQJ
(VWLPDWH
&HQWHULQJ RQH RYDO FXW WDQ]DQLWH ZHLJKLQJ DSSUR[LPDWHO\ FWV DFFHQWHG E\ VL[WHHQ SULQFHVV FXW DQG RQH KXQGUHG DQG WHQ IXOO FXW GLDPRQGV ZHLJKLQJ D WRWDO RI DSSUR[LPDWHO\ FWWZ VHW LQ D N \HOORZ JROG PRXQWLQJ
)HDWXULQJ VL[WHHQ SULQFHVV FXW GLDPRQGV ZHLJKLQJ D WRWDO RI DSSUR[LPDWHO\ FWWZ VHW LQ D N ZKLWH JROG PRXQWLQJ
(VWLPDWH 3DLU RI 'LDPRQG N :KLWH *ROG (DUULQJV (DFK IHDWXUHV IRXUWHHQ EDJXHWWH FXW IRXU SULQFHVV FXW DQG IRUW\ IXOO FXW GLDPRQGV ZHLJKLQJ D WRWDO RI DSSUR[LPDWHO\ FWWZ VHW LQ D N ZKLWH JROG PRXQWLQJ
(VWLPDWH
)RU PXOWLSOH YLHZV DQG FRORU SKRWRV JR WR FDWDORJ PLFKDDQV FRP
3DJH
$ 0D\ (VWDWH $XFWLRQ
(VWLPDWH
'LDPRQG N :KLWH *ROG %UDFHOHW
'LDPRQG N :KLWH *ROG 3HQGDQW 1HFNODFH
)HDWXULQJ VL[W\ SULQFHVV FXW GLDPRQGV ZHLJKLQJ D WRWDO RI DSSUR[LPDWHO\ FWWZ DFFHQWHG E\ WHQ IXOO FXW GLDPRQGV ZHLJKLQJ D WRWDO RI DSSUR[LPDWHO\ FWWZ VHW LQ DQ N ZKLWH JROG PRXQWLQJ IRUPLQJ D LQFK EUDFHOHW
)HDWXULQJ VHYHQ IXOO FXW GLDPRQGV ZHLJKLQJ D WRWDO RI DSSUR[LPDWHO\ FWWZ VHW LQ DQ N ZKLWH JROG MRXUQH\ PRXQWLQJ VXVSHQGHG IRUP D LQFK N ZKLWH JROG FKDLQ
(VWLPDWH /DGLHV 'LDPRQG 3ODWLQXP :ULVWZDWFK
3DLU RI &XOWXUHG 3HDUO 'LDPRQG :KLWH *ROG (DUULQJV (DFK FHQWHUV RQH PP FXOWXUHG SHDUO DFFHQWHG E\ ILIW\ WKUHH VLQJOH FXW GLDPRQGV ZHLJKLQJ D WRWDO RI DSSUR[LPDWHO\ FWWZ VHW LQ D N ZKLWH JROG PRXQWLQJ
(VWLPDWH
(VWLPDWH
'LDPRQG 3ODWLQXP 5LQJ )HDWXULQJ RQH URXQG EULOOLDQW FXW GLDPRQG ZHLJKLQJ DSSUR[LPDWHO\ FW VHW LQ D SODWLQXP PRXQWLQJ
/DGLHV 'LDPRQG N :KLWH *ROG :ULVWZDWFK
(VWLPDWH 'LDPRQG N :KLWH *ROG 5LQJ
',$/ 5RXQG ZKLWH DSSOLHG GRW DUURZ DQG $UDELF QXPHUDO KRXU PDUNHUV DUURZ KDQGV /DG\ +DPLOWRQ 029(0(17 4XDUW] &$6( 3ODWLQXP URXQG DFFHQWHG E\ WZHQW\ VL[ IXOO FXW GLDPRQGV ZHLJKLQJ D WRWDO RI DSSUR[LPDWHO\ FWWZ %5$&(/(7 3ODWLQXP IDQF\ OLQN IROG RYHU FODVS LQFKHV VDIHW\ FKDLQ DFFHQWHG E\ WZHQW\ WKUHH IXOO FXW GLDPRQGV ZHLJKLQJ D WRWDO RI DSSUR[LPDWHO\ FWWZ
(VWLPDWH
)HDWXULQJ RQH URXQG EULOOLDQW FXW GLDPRQG ZHLJKLQJ DSSUR[LPDWHO\ FW IODQNHG E\ IRXU IXOO FXW GLDPRQGV ZHLJKLQJ D WRWDO RI DSSUR[LPDWHO\ FWWZ VHW LQ DQ N ZKLWH JROG PRXQWLQJ
',$/ 5HFWDQJOH VLOYHUHG EODFN VW\OL]HG $UDELF QXPHUDO KRXU PDUNHUV EOXHG DUURZ KDQGV +DPLOWRQ 029(0(17 6HYHQWHHQ MHZHOV 9 +DPLOWRQ &$6( N ZKLWH JROG UHFWDQJOH DFFHQWHG E\ WKLUW\ VLQJOH FXW GLDPRQGV ZHLJKLQJ D WRWDO RI DSSUR[LPDWHO\ FWWZ %5$&(/(7 N ZKLWH JROG VQDNH OLQN LQFKHV
(VWLPDWH
)RU PXOWLSOH YLHZV DQG FRORU SKRWRV JR WR FDWDORJ PLFKDDQV FRP
3DJH
$ 0D\ (VWDWH $XFWLRQ
(VWLPDWH
/DGLHV 'LDPRQG N :KLWH *ROG :ULVWZDWFK
*UXHQ N <HOORZ *ROG :ULVWZDWFK
',$/ 5HFWDQJOH VLOYHUHG EODFN EDWRQ KRXU PDUNHUV EODFN EDWRQ KDQGV %DXPH 0HUFLHU 029(0(17 6HYHQWHHQ MHZHOV XQDGMXVWHG %DXPH 0HUFLHU %0 &$6( 5HFWDQJOH VQDSEDFN %DXPH 0HUFLHU *HQHYD $ PP DFFHQWHG E\ WZHOYH VLQJOH FXW GLDPRQGV ZHLJKLQJ D WRWDO RI DSSUR[LPDWHO\ FWWZ %5$&(/(7 ,QWHJUDO N ZKLWH JROG WDSHULQJ WH[WXUHG PHVK IROG RYHU FODVS IRUPLQJ D LQFK EUDFHOHW 1RWH 6DIHW\ FKDLQ LV PLVVLQJ
',$/ WRQQHDX FRSSHU EODFN SDLQWHG EDWRQ DQG 5RPDQ QXPHUDO KRXU PDUNHUV EODFN GRW SROLVKHG RXWHU PLQXWHV WUDFN VXQNHQ VXEVLGLDU\ VHFRQGV GLDO DW R FORFN EODFN EDWRQ KDQGV *UXHQ &XUUH[ SUHFLVLRQ 029(0(17 MHZHOV XQDGMXVWHG SUHFLVLRQ *UXHQ :DWFK &R 6ZLW]HUODQG &$6( WRQQHDX N \HOORZ JROG VQDS EDFN FXUYH[ EHDG OXJV FDVHG DQG WLPHG LQ 8 6 $ E\ *UXHQ :DWFK &R :GDVZRUWK N JROG * PP 675$3 EURZQ OHDWKHU PHWDO EXFNOH
(VWLPDWH
/DGLHV 'LDPRQG N <HOORZ *ROG &RYHUHG :ULVWZDWFK
(VWLPDWH
',$/ 5HFWDQJOH VLOYHUHG DSSOLHG GRW DQG DUURZ KRXU PDUNHUV EODFN EDWRQ KDQGV 0RED 029(0(17 6HYHQWHHQ MHZHOV XQDGMXVWHG &$6( 5HFWDQJOH N \HOORZ JROG VQDSEDFN [ PP FRYHUHG EXFNOH PRWLI DFFHQWHG E\ ILIWHHQ VLQJOH FXW GLDPRQGV ZHLJKLQJ D WRWDO RI DSSUR[LPDWHO\ FWWZ %5$&(/(7 N \HOORZ JROG LQWHJUDO PHVK OLQN PP LQFKHV WRQJXH DQG JURRYH FODVS ZLWK ILJXUH HLJKW VDIHW\
+DPLOWRQ N <HOORZ *ROG :ULVWZDWFK
(VWLPDWH
5HWUR 'LDPRQG 5XE\ N 5RVH *ROG 3ODWLQXP &RYHUHG :ULVWZDWFK
(VWLPDWH
',$/ 7UDSH]RLG URVH EODFN EDWRQ DQG $UDELF QXPHUDO KRXU PDUNHUV EOXHG DUURZ KDQGV 0LJQRQ 029(0(17 6HYHQWHHQ MHZHOV 7UDQVLW :DWFK &R XQDGMXVWHG &$6( N URVH JROG UHFWDQJOH VQDSEDFN DFFHQWHG E\ VL[ URXQG FXW GLDPRQGV ZHLJKLQJ D WRWDO RI DSSUR[LPDWHO\ FWWZ IXUWKHU HQKDQFHG E\ WZHQW\ RQH URXQG FXW UXELHV ZHLJKLQJ D WRWDO RI DSSUR[LPDWHO\ FWWZ KLQJHG SUHVVXUH ORFN FRYHU IORUDO VFDOORSHG FURZQ PRWLI PP %5$&(/(7 N URVH JROG VHYHQ URZ EULFN OLQN IROG RYHU FODVS LQFKHV
',$/ UHFWDQJXODU VLOYHUHG VLOYHU DSSOLHG JROG WRQH GRW DQG $UDELF QXPHUDO KRXU PDUNHUV VXEVLGLDU\ VHFRQGV GLDO DW R FORFN EODFN EDWRQ KRXU PDUNHUV JROG GDXSKLQH KDQGV +DPLOWRQ 029(0(17 MHZHOV 0 +DPLOWRQ &$6( UHFWDQJXODU VQDSEDFN IL[HG KRRGHG OXJV PP +DPLOWRQ :DWFK &R /DQFDVWHU 3$ N JROG / . / 675$3 EURZQ OHDWKHU PHWDO EXFNOH
:DOWKDP N <HOORZ *ROG 3RFNHW :DWFK
(VWLPDWH
)RU PXOWLSOH YLHZV DQG FRORU SKRWRV JR WR FDWDORJ PLFKDDQV FRP
',$/ 5RXQG ZKLWH EODFN 5RPDQ QXPHUDO KRXU PDUNHUV EODFN RXWHU PLQXWHV WUDFN ZLWK UHG $UDELF QXPHUDOV VXQNHQ VXEVLGLDU\ VHFRQGV GLDO DW R FORFN LQ EODFN EOXHG VSDGH KDQGV :DOWKDP 029(0(17 -HZHOHG $PHULFDQ :DOWKDP :DWFK &R &$6( N \HOORZ JROG KLQJHG KXQWLQJ FDVH FXYHWWH HQJLQH WXUQHG PRQRJUDPPHG VKLHOG PP
3DJH
$ 0D\ (VWDWH $XFWLRQ N <HOORZ *ROG *UXHQ 9HUL WKLQ 2SHQ )DFH 3RFNHW :DWFK
(VWLPDWH
',$/ 5RXQG WZR WRQH JUD\ EODFN VW\OL]HG $UDELF QXPHUDO KRXU PDUNHUV RXWHU EODFN PLQXWHV WUDFN VXQNHQ VXEVLGLDU\ VHFRQGV GLDO DW R FORFN EOXHG EUHTXHW KDQGV *UXHQ 9HUL WKLQ 3UHFLVLRQ 029(0(17 6HYHQWHHQ MHZHOV XQDGMXVWHG *UXHQ :DWFK &R 3UHFLVLRQ 9HUL WKLQ &$6( N \HOORZ JROG RSHQ IDFH VQDSEDFN *UXHQ 9HUL WKLQ FDVHG DQG WLPHG LQ 86$ E\ *UXHQ :DWFK &R :DGVZRUWK N JROG * PP $FFRPSDQLHG E\ RULJLQDO *UXHQ ER[
N <HOORZ *ROG 2SHQ )DFH 3RFNHW :DWFK
(VWLPDWH
',$/ 5RXQG VLOYHUHG EODFN VW\OL]HG $UDELF QXPHUDO KRXU PDUNHUV EODFN RXWHU PLQXWHV WUDFN VXQNHQ VXEVLGLDU\ VHFRQGV GLDO DW R FORFN EODFN $UDELF QXPHUDOV EOXHG GRXEOH GLDPRQG KDQGV (OJLQ 029(0(17 6HYHQWHHQ MHZHOV (OJLQ 1DWO :DWFK &R 86$ &$6( N \HOORZ JROG RSHQ IDFH FXYHWWH :DOWKDP PP
&ROOHFWLRQ RI 86 6LOYHU &RLQV ,QFOXGLQJ +DOI 'ROODUV :DONLQJ /LEHUW\ )UDQNOLQ .HQQHG\ 3UH 4XDUWHUV 6WDQGLQJ /LEHUW\ :DVKLQJWRQ 3UH 'LPHV 0HUFXU\ 5RRVHYHOW 3UH (VWLPDWH
(VWLPDWH
/RW RI 86 0HPRULDO 6LOYHU &RLQV ,QFOXGLQJ /LEHUW\ 3UHPLHU &RLQV ,QFOXGLQJ /LEHUW\ 3UHPLHU 6LOYHU 3URRI 6HW 3UHVWLJH 6HW 0RXQW 5XVKPRUH $QQLYHUVDU\ &RLQV 6HW 86 &DSLWDO 6LOYHU 'ROODU 86 9HWHUDQV &RPPHPRUDWLYH 6LOYHU 'ROODUV 2O\PSLF &RLQV 862 6LOYHU 'ROODU 2O\PSLF &RLQV *HRUJH :DVKLQJWRQ 6LOYHU +DOI 'ROODU DQG $PHULFDQ (DJOH 2QH 'ROODU )URP WKH (VWDWH RI - &DOHE &RSH
/RW RI 7KUHH 8QFLUFXODWHG 0RUJDQ 'ROODUV && && DQG &&
*ODVV 1LHOOR 6LOYHU %HOW 7KH 1LHOOR VLOYHU EHOW EXFNOH DFFHQWHG E\ WKUHH UHG RYDO JODVV VWRQHV FRPSOHWHG E\ D YHOYHW VWUDS
)URP WKH (VWDWH RI - &DOHE &RSH
(VWLPDWH
(VWLPDWH
86 'UDSHG %XVW 2QH 'ROODU .12% 9HUWLFDO /LQHV 9) ()
&ROOHFWLRQ RI 86 6LOYHU 'ROODUV 0RUJDQ DQG 3HDFH
)URP WKH (VWDWH RI - &DOHE &RSH
(VWLPDWH
(VWLPDWH
)RU PXOWLSOH YLHZV DQG FRORU SKRWRV JR WR FDWDORJ PLFKDDQV FRP
3DJH
$ 0D\ (VWDWH $XFWLRQ 86 'UDSHG %XVW 6PDOO 7KUHH 6LOYHU 'ROODU )($5 &RQGLWLRQ
/RW RI 86 6LOYHU &RLQV ,QFOXGLQJ )UDQNOLQ +DOI 'ROO .HQQHG\ +DOI 'ROO .HQQHG\ 6LOYHU &ODG 4XDUWHUV SUH 'LPHV SUH 86 0LQW 3URRI 6HWV
)URP WKH (VWDWH RI - &DOHE &RSH
(VWLPDWH
(VWLPDWH 86 DQG /LEHUW\ 6HDWHG 2QH 'ROODU &RLQV )LQH &RQGLWLRQ
/RW RI 7ZHQW\ 0RUJDQ 'ROODUV ,QFOXGLQJ 2 6 2 DQG 2
)URP WKH (VWDWH RI - &DOHE &RSH
)URP WKH (VWDWH RI - &DOHE &RSH
(VWLPDWH
(VWLPDWH /RW RI 86 6LOYHU &RLQV ,QFOXGLQJ 2 ' 6 ' 6 6 +DOI 'ROODUV 6 6 6 'ROODUV
(VWLPDWH
/RW RI 86 &RLQV ,QFOXGLQJ +DOI &HQWV 7ZR &HQWV 7KUHH &HQW 6LOYHU 7KUHH &HQW 1LFNHO )LYH &HQW 6KLHOG )LYH &HQW /LEHUW\ +HDG +DOI 'LPH 'LPHV 4XDUWHUV +DOI 'ROODU 'ROODUV
)URP WKH (VWDWH RI - &DOHE &RSH
(VWLPDWH /RW RI 8 6 6LOYHU &RLQV ,QFOXGLQJ VL[ 0RUJDQ GROODUV 6 VL[ :DONLQJ /LEHUW\ KDOI GROODUV HOHYHQ )UDQNOLQ KDOI GROODUV DQG WZHQW\ HLJKW .HQQHG\ KDOI GROODUV EHIRUH DQG ILYH VLOYHU FODG .HQQHG\ KDOI GROODUV
(VWLPDWH
(VWLPDWH
)URP WKH (VWDWH RI - &DOHE &RSH
86 /RW RI &RLQV ,QFOXGLQJ 81& 6HWV DQG 6SHFLDO 0LQW 6HWV 81& 6HWV (LVHQKRZHU 81& 6LOYHU 'ROODUV 6 5ROO RI 3HQQLHV 6 5ROO RI 3HQQLHV 3 5ROO RI 1LFNHOV 6
5ROO RI 'LPHV 5ROO RI 4XDUWHUV )URP WKH (VWDWH RI - &DOHE &RSH
/RW RI 86 0RUJDQ 'ROODUV ,QFOXGLQJ && 6 6 6 6 DQG 3HDFH 'ROODU
(VWLPDWH
)RU PXOWLSOH YLHZV DQG FRORU SKRWRV JR WR FDWDORJ PLFKDDQV FRP
3DJH
$ 0D\ (VWDWH $XFWLRQ
(VWLPDWH
86 /RW RI 6LOYHU &RLQV ,QFOXGLQJ 86 %LFHQWHQQLDO 6LOYHU 81& VHWV
(LVHQKRZHU 81& 6LOYHU 'ROODU 2O\PSLF 3UHVWLJH VHW /LEHUW\ 3UHVWLJH VHW 2O\PSLF &RLQV VHW V $PHULFDQ (DJOH 2QH 'ROODU 3URRI (LVHQKRZHU 6LOYHU 'ROODU :KLWH +RXVH 6LOYHU &RLQ DQG 862 6LOYHU 'ROODU
86 0LQW 86 /LEHUW\ &RLQV 7KUHH &RLQ 6HW
(VWLPDWH 86 0LQW 86 /LEHUW\ &RLQV 7KUHH &RLQ 6HW )URP WKH (VWDWH RI - &DOHE &RSH
(VWLPDWH
86 /RW RI 6LOYHU &RLQV ,QFOXGLQJ $PHULFDQ (DJOH 3URRI 2QH 'ROODU 2O\PSLF 3UHVWLJH VHW .RUHDQ :DU 0HPRULDO FRLQ 0RXQW 5XVKPRUH $QQLYHUVDU\ &RLQV VHW 86 &RQVWLWXWLRQ &RLQV VHW 2O\PSLF &RLQV VHW 2O\PSLF &RLQV VHW %LFHQWHQQLDO 6LOYHU 3URRI VHW * :DVKLQJWRQ &RPPHPRUDWLYH +DOI 'ROODU .RUHDQ :DU 0HPRULDO &RLQ :KLWH +RXVH $QQLYHUVDU\ &RLQ 86 /LEHUW\ 6LOYHU 'ROODU
(VWLPDWH 86 0LQW &ROXPEXV 4XLQFHQWHQDU\ 7KUHH &RLQ 6HW )URP WKH (VWDWH RI - &DOHE &RSH
(VWLPDWH
(VWLPDWH
86 6LOYHU &RLQV ,QFOXGLQJ V $PHULFDQ (DJOH 2QH 'ROODU 2O\PSLF 3UHVWLJH VHW 3UHVWLJH VHW .RUHDQ :DU 0HPRULDO 6LOYHU 'ROODU :RUOG &XS 86$ &RLQV VHW 2O\PSLF &RLQV VHW 86 9HWHUDQV &RPPHPRUDWLYH 6LOYHU 'ROODUV VHW 862 6LOYHU 'ROODU (LVHQKRZHU &HQWHQQLDO 6LOYHU 'ROODU /LEHUW\ &RLQV VHW :KLWH +RXVH WK $QQLYHUVDU\ 6LOYHU &RLQ DQG &DOLIRUQLD %LFHQWHQQLDO 6LOYHU 0HGDOV 2XQFH 6LOYHU 0HGDO
86 0LQW &ROXPEXV 4XLQFHQWHQDU\ 7KUHH &RLQ 6HW )URP WKH (VWDWH RI - &DOHE &RSH
(VWLPDWH 86 :RUOG &XS 7KUHH &RLQ 81& 6HW )URP WKH (VWDWH RI - &DOHE &RSH
(VWLPDWH
)RU PXOWLSOH YLHZV DQG FRORU SKRWRV JR WR FDWDORJ PLFKDDQV FRP
3DJH
$ 0D\ (VWDWH $XFWLRQ 86 0LQW 2O\PSLF 7KUHH &RLQ 6HW
86 $PHULFDQ (DJOH *ROG %XOOLRQ 6HW FRLQV
)URP WKH (VWDWH RI - &DOHE &RSH
)URP WKH (VWDWH RI - &DOHE &RSH
(VWLPDWH
(VWLPDWH 86 ::,, $QQLYHUVDU\ 7KUHH &RLQ 6HW
8QLWHG 6WDWHV 0LQW %LOO RI 5LJKWV 7KUHH &RLQ 6HW
)URP WKH (VWDWH RI - &DOHE &RSH
)URP WKH (VWDWH RI - &DOHE &RSH
(VWLPDWH
(VWLPDWH 7ZR )LQH 6LOYHU %DUV R] HDFK E\ (QJHOKDUG
(VWLPDWH
86 /LEHUW\ +HDG 7HQ 'ROODU *ROG &RLQ 9) &RQGLWLRQ
(VWLPDWH 86 $PHULFDQ (DJOH *ROG %XOOLRQ 6HW FRLQV
86 ,QGLDQ +HDG 'ROODU *ROG &RLQ 9) &RQGLWLRQ
)URP WKH (VWDWH RI - &DOHE &RSH
(VWLPDWH
(VWLPDWH 86 $PHULFDQ (DJOH *ROG %XOOLRQ 6HW FRLQV
86 /LEHUW\ +HDG 'ROODUV DQG ,QGLDQ +HDG 'ROODUV *ROG &RLQV LQ 9) &RQGLWLRQ
)URP WKH (VWDWH RI - &DOHE &RSH
(VWLPDWH
(VWLPDWH
)RU PXOWLSOH YLHZV DQG FRORU SKRWRV JR WR FDWDORJ PLFKDDQV FRP
3DJH
$ 0D\ (VWDWH $XFWLRQ 86 /LEHUW\ +HDG 'ROODUV DQG ,QGLDQ +HDG 'ROODUV *ROG &RLQV 9) &RQGLWLRQ
(VWLPDWH
/RW RI 3URRI DQG 0LQW 6HWV ,QFOXGLQJ %DUEDGRV -DPDLFD 1HZ *XLQHD 3KLOLSSLQHV DQG (WKLRSLD
(VWLPDWH &DQDGLDQ 2O\PSLF &RLQV LQ $OEXP
(VWLPDWH
/RW RI 3URRI DQG 0LQW 6HWV ,QFOXGLQJ &RRN ,VODQGV %DUEDGRV 9LUJLQ ,VODQGV 0DOWD DQG /HVDQWR
(VWLPDWH &XEDQ DQG 3HVRV *ROG &RLQV () &RQGLWLRQ
(VWLPDWH
/RW RI 3URRI DQG 0LQW &RLQV ,QFOXGLQJ 7XUNV DQG &DLFRV ,VODQGV -DPDLFD 3DQDPD 3DSXD 1HZ *XLQHD 0DOWD %DKDPDV DQG /LEHULD (VWLPDWH
/RW RI 3URRI DQG 0LQW 6HWV ,QFOXGLQJ 9LUJLQ ,VODQGV 3DSXD 1HZ *XLQHD 5HSXEOLF RI 0DOWD &D\PDQ ,VODQGV 5HSXEOLF RI 3DQDPD DQG *X\DQD (VWLPDWH
/RW RI 3URRI DQG 0LQW &RLQV ,QFOXGLQJ %ULWLVK 9LUJLQ ,VODQGV %DKDPDV 1HWKHUODQGV $QWLOOHV &RRN ,VODQGV 1LFDUDJXD DQG 6RORPRQ ,VODQGV (VWLPDWH
/RW RI 3URRI DQG 0LQW 6HWV ,QFOXGLQJ %DKDPDQ ,VODQGV 7ULQLGDG DQG 7REDJR -DPDLFD DQG %DUEDGRV
(VWLPDWH
)RU PXOWLSOH YLHZV DQG FRORU SKRWRV JR WR FDWDORJ PLFKDDQV FRP
3DJH
$ 0D\ (VWDWH $XFWLRQ
(VWLPDWH
/RW RI 3URRI DQG 0LQW &RLQV ,QFOXGLQJ *XLQHD (PLUDWH RI )XMDLUDK +DLWL %ULWLVK 9LUJLQ ,VODQGV %HOL]H &D\PDQ ,VODQGV %DKDPDV /LEHULD 1HWKHUODQGV (DVW ,QGLHV 7RJHWKHU ZLWK 86 %LFHQWHQQLDO 3URRI 6HWV DQG 0HGDOV
7KDLODQG %DKW DQG %DKW *ROG &RLQV 81& &RQGLWLRQ
(VWLPDWH *HUPDQ\ $ 0DUN $ 0DUN DQG 0DUN *ROG &RLQV LQ () &RQGLWLRQ
/RW RI 3HUXYLDQ 6LOYHU &RLQV 2QH 6RO +DOI 6RO 6RO 'LQHUR (VWLPDWH (VWLPDWH
5XVVLD 5RXEOH V *ROG &RLQ $8 &RQGLWLRQ
6LQJDSRUH 'ROODUV *ROG &RLQ LQ 9) &RQGLWLRQ R] (VWLPDWH (VWLPDWH
5XVVLD 5RXEOHV DQG 5RXEOH *ROG &RLQV LQ () &RQGLWLRQ
7KDLODQG %DKW *ROG &RLQ 81& &RQGLWLRQ R] (VWLPDWH (VWLPDWH
5XVVLD 5RXEOHV DQG 5RXEOHV *ROG &RLQV LQ () &RQGLWLRQ
(VWLPDWH
)RU PXOWLSOH YLHZV DQG FRORU SKRWRV JR WR FDWDORJ PLFKDDQV FRP
3DJH
$ 0D\ (VWDWH $XFWLRQ 5XVVLD 5RXEOHV DQG 5 *ROG &RLQV LQ () &RQGLWLRQ
(VWLPDWH
$ /DFTXHUHG DQG *LOW 3DLQWHG 'LVSOD\ &DELQHW GHFRUDWHG ZLWK GLDSHU SDWWHUQV VXUURXQGLQJ EXLOGLQJV DQG IORZHUV ZLWK D PLUURU EDFN DFFRPSDQLHG E\ IRXU UHPRYDEOH JODVV VKHOYHV ^ [ [ LQFKHV [ [ FP `
(VWLPDWH 5XVVLD 5RXEOHV DQG 5RXEOHV *ROG &RLQV LQ () &RQGLWLRQ
(VWLPDWH
$ +DUGZRRG 'LQLQJ 7DEOH DQG 6L[ &KDLUV DFFRPSDQLHG E\ D OHDI QRZ PRXQWHG DV D VPDOO VLGH WDEOH ^'LQQLQJ 7DEOH [ [ LQFKHV [ [ FP `
(VWLPDWH $ /DUJH &DUYHG :RRG $UFKLWHFWXUDO 3DQHO
(VWLPDWH
ILWWHG ZLWK VPDOOHU SDQHOV FDUYHG LQ KLJK UHOLHI ZLWK EXV\ ILJXUDO VFHQHV IXUWKHU GHFRUDWHG ZLWK YDULRXV OHDI\ IORZHUV DQG SKRHQL[HV WUDFHV RI JLOW SDLQW DQG SLJPHQWV ^ [ [ LQFKHV [ [ FP `
LQFOXGLQJ D SDLU RI WZLQ KHDGERDUGV DQG IRRWERDUGV RQH ILYH GUDZHU GUHVVHU RQH IUDPHG PLUURU DQG WZR KDUGZRRG IUDPHV ^'UHVVHU [ [ LQFKHV [ [ FP `
(VWLPDWH
$ )OXRULWH 3KRHQL[ )RUP /DPS
$Q $VVRUWPHQW RI +DUGZRRG )XUQLWXUH 3LHFHV
WKH FDUYHG ZRRG DQG JLOW PHWDO VWDQG PRXQWHG ZLWK D FDUYHG SKRHQL[ KROGLQJ D SHRQ\ LQ LWV PRXWK ^+HLJKW LQFKHV FP RI FDUYLQJ LQFOXGLQJ VWDQG`
LQFOXGLQJ D FKHVW D VHW RI IRXU QHVWLQJ WDEOHV D IROGLQJ VLGH WDEOH ZLWK FLUFXODU JLOW PHWDO WUD\ WRS WKUHH VPDOO VTXDUH IRUP ORZ WDEOHV DQG D UHFWDQJXODU FRIIHH WDEOH ^&KHVW [ [ LQFKHV [ [ FP `
(VWLPDWH
(VWLPDWH
(VWLPDWH
$ +DUGZRRG %HGURRP 6HW
$ +DUGZRRG 7HD 7DEOH
$ +DUGZRRG 6LGHERDUG
ZLWK RSHQZRUN DSURQV IHDWXULQJ URXQGHG VFUROOLQJ GHVLJQV RULJLQDOO\ ZLWK IROGLQJ OHJV WKDW DUH QRZ DWWDFKHG WR WKH WDEOH WRS ^ [ [ LQFKHV [ [ FP `
ZLWK WZR ORFNV DQG D NH\ ^ [ [ LQFKHV [ [ FP `
(VWLPDWH
)RU PXOWLSOH YLHZV DQG FRORU SKRWRV JR WR FDWDORJ PLFKDDQV FRP
3DJH
$ 0D\ (VWDWH $XFWLRQ $IWHU 4L %DLVKL 3HDFKHV
$Q $OEXP RI 6WRQH 5XEELQJV PRXQWHG HDFK SDJH ZLWK LQN RQ SDSHU GDWHG ZLWK PXOWLSOH VHDOV ^ [ LQFKHV [ FP `
KDQJLQJ VFUROO LQN DQG FRORU RQ SDSHU LQVFULEHG DQG VLJQHG %DLVKL
ZLWK IRXU VHDOV ^ [ LQFKHV [ FP `
(VWLPDWH
(VWLPDWH $ +DQJLQJ 6FUROO /DQGVFDSH
$ *URXS RI (OHYHQ $VVRUWHG 6QXII %RWWOHV
LQN DQG FRORU RQ SDSHU WKH XSSHU OHIW LQVFULEHG DQG GDWHG ZLWK D VLJQDWXUH
6KDRPHL &KHQ <XQ]KDQJ WZR VHDOV ^ [ LQFKHV [ FP `
(VWLPDWH
(VWLPDWH
(VWLPDWH
RI YDULRXV VKDSHV DQG VL]HV FRPSULVLQJ WKH IROORZLQJ PDWHULDOV SRUFHODLQ JODVV KDUGVWRQH DJDWH ODFTXHU DQG PDODFKLWH ^7DOOHVW LQFKHV FP `
(VWLPDWH $Q $QFHVWUDO 3RUWUDLW DQG D 3RUWUDLW RI 4LDQORQJ
$ 3DLU RI *UHHQ 6HUSHQWLQH 6FKRODU V 5RFNV
WKH ILUVW D KDQJLQJ VFUROO GHSLFWLQJ WKH (PSHURU ZHDULQJ D \HOORZ GUDJRQ UREH WKH VHFRQG GHSLFWLQJ D VHDWHG IHPDOH ILJXUH ZHDULQJ D EOXH EXWWHUIO\ UREH PRXQWHG ^7KH 6HFRQG [ LQFKHV [ FP `
HDFK RI YHUWLFDO IRUPDW DQG ZLWK ZRRG VWDQGV ^7DOOHVW LQFKHV FP `
(VWLPDWH
$ 7KDQJND 0DQGDOD WK &HQWXU\
$ /DUJH /LPHVWRQH )LJXUH RI *XDQ\LQ
ZLWK &KDNUDVDPYDUD DQG 9DMUDYDUDKL LQ HPEUDFH DW FHQWHU VXUURXQGHG E\ HLJKW GHLWLHV ZLWKLQ D VTXDUH SODQ DQ HODERUDWH JDWH DW HDFK GLUHFWLRQ DOO ZLWKLQ D ODUJHU FLUFOH RI GHLWLHV ERUGHUHG E\ DFDQWKXV OHDYHV ^ [ LQFKHV [ FP
H[FOXGLQJ IUDPH`
VKRZQ VHDWHG ZLWK KHU KHDG WLWOHG WR RQH VLGH ZHDULQJ GUDSLQJ UREHV HPEHOOLVKHG ZLWK IORUDO RUQDPHQWV DQG D PDWFKLQJ WLHUHG KHDGGUHVV ^+HLJKW LQFKHV FP `
(VWLPDWH $ +DUGVWRQH 0RGHO RI D :DWHU %XIIDOR FDUYHG LQ WKH UHFXPEHQW SRVLWLRQ ZLWK D ILWWHG ZRRG VWDQG ^/HQJWK LQFKHV FP
(VWLPDWH
)RU PXOWLSOH YLHZV DQG FRORU SKRWRV JR WR FDWDORJ PLFKDDQV FRP
3DJH
$ 0D\ (VWDWH $XFWLRQ $ 0RWKHU RI 3HDUO ,QODLG DQG /DFTXHUHG %R[ 4LQJ '\QDVW\
7ZR (QDPHO 3DLQWHG 0HWDO 7UD\V
WKH KLQJHG OLG ILQHO\ GHFRUDWHG ZLWK ILJXUHV LQ D JDUGHQ FRXUW\DUG WKH VLGHV ZLWK YDULRXV IUXLWV DQG IORZHUV ^/HQJWK LQFKHV FP `
LQFOXGLQJ D UHFWDQJXODU IRRWHG WUD\ DQG D FLUFXODU WUD\ ILWWHG ZLWK WKUHH VPDOOHU WUD\V WR WKH LQWHULRU DOO GHFRUDWHG LQ FRORUIXO HQDPHOV ZLWK ILJXUDO ODQGVFDSHV IORZHUV DQG ELUGV ^:LGWK LQFKHV FP RI ILUVW`
(VWLPDWH
(VWLPDWH
(VWLPDWH $ &DUYHG 0RWKHU RI 3HDUO 6KHOO
$ *URXS RI 7KLUWHHQ :KLWH 0HWDO /RFNV
LQWULFDWHO\ FDUYHG WR WKH LQWHULRU ZLWK YDULRXV ELUGV LQFOXGLQJ D SHDFRFN FUDQHV DQG D SKRHQL[ ZLWKLQ D OXVK JDUGHQ VHWWLQJ RI EORRPLQJ IORZHUV EDPERR WUHHV DQG URXQGHG URFNZRUN ZLWK D PDWFKLQJ UHWLFXODWHG ZRRG VWDQG FDUYHG ZLWK SUXQXV EUDQFKHV ^:LGWK LQFKHV FP `
RI YDULRXV VKDSHV DQG VL]HV GHFRUDWHG ZLWK HLWKHU IORZHUV RU EHDVWV UHYHUVHG E\ LQVFULSWLRQV ODFNLQJ NH\V ^:LGHVW LQFKHV FP `
(VWLPDWH $ &LUFXODU /DFTXHUHG %R[ ZLWK &ORLVRQQp ,QVHW
7ZR &KLQHVH ([SRUW 6LOYHU %HOW %XFNOHV DQG 7ZR 0HWDO %HOW %XFNOHV
(VWLPDWH
WKH ILUVW WZR KHDYLO\ GHFRUDWHG ZLWK OHDI\ IORZHUV DQG ZLWK VWDPSV WR WKH XQGHUVLGHV WKH ODVW WZR GHFRUDWHG ZLWK YDULRXV DUFKDLVWLF EHDVWV DQG SDWWHUQV ^:LGWK RI 6LOYHU %XFNOHV LQFKHV FP 7RWDO :HLJKW RI 6LOYHU %XFNOHV RXQFHV JUDPV `
GHFRUDWHG ZLWK EDWV FORXGV DQG UX\L VXUURXQGLQJ D FHQWUDO FORLVRQQp HQDPHO VKRX PHGDOOLRQ ^'LDPHWHU LQFKHV FP `
(VWLPDWH $ 3DLU RI +DUGZRRG 6FUROO :HLJKWV FDUYHG LQ UHOLHI ZLWK OXVK ORWXV SRQGV ^/HQJWK LQFKHV FP `
$ *URXS RI 6HYHQ &KLQHVH 6LOYHU +DLUSLQV HDFK GHFRUDWHG ZLWK D IORUDO PRWLI ILYH ZLWK LQODLG EHDGV WR WKH FHQWHU RQH VXVSHQGLQJ D GRXEOH FKDLQ RUQDPHQW ^/RQJHVW LQFKHV FP 7RWDO :HLJKW RXQFHV JUDPV `
(VWLPDWH
(VWLPDWH
)RXU <L[LQJ &OD\ 7HDSRWV RQH PROGHG ZLWK GUDJRQV DQG VZLUOLQJ FORXGV RQH RI SXPSNLQ IRUP RQH GHFRUDWHG ZLWK D EDVNHW ZHDYH DQG RQH RI RFWDJRQDO VKDSH ZLWK LQVFULEHG SDQHO HDFK ZLWK D VWDPSHG PDUN ^7DOOHVW LQFKHV FP `
(VWLPDWH
)RU PXOWLSOH YLHZV DQG FRORU SKRWRV JR WR FDWDORJ PLFKDDQV FRP
3DJH
$ 0D\ (VWDWH $XFWLRQ $Q (PEURLGHUHG 2SHUD 5REH
$ )DPLOOH 9HUWH &KDUJHU
GLVSOD\LQJ VHYHUDO IRXU FODZHG GUDJRQV DPLGVW VZLUOLQJ FORXGV IODPLQJ SHDUOV DQG DXVSLFLRXV V\PEROV DJDLQVW D SDOH UHG JURXQG ^/HQJWK LQFKHV FP `
GHFRUDWHG WR WKH IORRU ZLWK D SUXQXV WUHH LVVXLQJ EORRPLQJ ZKLWH IORZHUV DJDLQVW D JUHHQ JURXQG ^'LDPHWHU LQFKHV FP `
(VWLPDWH
(VWLPDWH $ %OXH *URXQG 6LON -DFNHW
7KUHH $ULWD %OXH DQG :KLWH &KDUJHUV
HPEURLGHUHG LQ FRXFKHG JLOW ZUDSSHG WKUHDGV ZLWK GUDJRQ PHGDOOLRQV DQG EDWV DJDLQVW D GDUN EOXH JURXQG WKH VNLUW DQG FXIIV ZLWK UROOLQJ ZDYHV ^/HQJWK LQFKHV FP `
(VWLPDWH
(VWLPDWH $Q (PEURLGHUHG *UHHQ *URXQG 'UDJRQ 5REH
$ /DUJH 3DOH &HODGRQ *OD]HG -DU
PDGH IRU DQ RSHUD SHUIRUPDQFH GHSLFWLQJ VHYHUDO WXUTXRLVH GUDJRQV KHLJKWHQHG E\ FRXFKHG PHWDOOLF ZUDSSHG WKUHDGV DJDLQVW D YLEUDQW OLJKW JUHHQ JURXQG ZLWK WLH FORVXUHV ^/HQJWK LQFKHV FP `
PROGHG ZLWK VFUROOLQJ VW\OL]HG ORWXVHV WR WKH EXOERXV ERG\ ULVLQJ WR D UROOHG ULP DERYH ERUGHUV RI NH\ IUHWV DQG UX\L KHDGV ^+HLJKW LQFKHV FP `
(VWLPDWH
(VWLPDWH
(VWLPDWH
HDFK VKDOORZ ZHOO GHSLFWLQJ D ODQGVFDSH VFHQH WR WKH IORRU WZR ZLWK D VFDOORSHG ULP WZR ZLWK PDUNV WR WKH EDVH ^/DUJHVW 'LDPHWHU LQFKHV FP `
(VWLPDWH 7ZR %OXH DQG :KLWH 3RUFHODLQV
$Q (QDPHOHG &HUDPLF :LQH 3RW
WKH ILUVW D VPDOO SHDU VKDSHG YDVH GHFRUDWHG ZLWK TLOLQ D VL[ FKDUDFWHU PDUN RQ WKH EDVH WKH VHFRQG D SODWH GHSLFWLQJ D GUDJRQ DQG FDUS PDUN WR WKH EDVH ^+HLJKW LQFKHV FP RI YDVH`
GHVLJQHG LQ WKH IRUP RI DQ RSHQZRUN
IX FKDUDFWHU FRYHUHG ZLWK D WKLFN JUHHQ HQDPHO DQG IXUWKHU GHFRUDWHG ZLWK GUDJRQV D VWDPSHG PDUN WR WKH EDVH ^+HLJKW LQFKHV FP `
(VWLPDWH
$ :KLWH (QDPHOHG 9DVH
7ZR )DPLOOH 5RVH %UXVK 3RWV
GHFRUDWHG LQ ZKLWH ZLWK EDQGV RI UDLVHG ILVK VFDOH SDWWHUQV D VHDO PDUN WR WKH UHFHVVHG EDVH ^+HLJKW LQFKHV FP `
RQH SRW SDLQWHG ZLWK D ILJXUH ULGLQJ D GUDJRQ ILVK DQG D IRXU FKDUDFWHU VHDO PDUN WR WKH EDVH DQG RQH SRW ZLWK WZR ILJXUHV EHQHDWK D UHG VXQ ^7DOOHU LQFKHV FP `
(VWLPDWH
)RU PXOWLSOH YLHZV DQG FRORU SKRWRV JR WR FDWDORJ PLFKDDQV FRP
3DJH
$ 0D\ (VWDWH $XFWLRQ
(VWLPDWH
)RXU )DPLOOH 5RVH <HOORZ *URXQG 'LVKHV
$ /DUJH *URXS RI -DSDQHVH 3RUFHODLQV
HDFK GHFRUDWHG ZLWK GUDJRQ PHGDOOLRQV DJDLQVW D \HOORZ JURXQG RI VFUROOLQJ GRXEOH JRXUGV DQG IORZHUV D VL[ FKDUDFWHU PDUN WR HDFK EDVH ^'LDPHWHU LQFKHV FP RI HDFK` 3URYHQDQFH %RQKDPV 'HFHPEHU 6DOH /RW
LQFOXGLQJ YDULRXV WHD FXSV GLVKHV D .XWDQL WHD VHW D 6DWVXPD W\SH SODWH D SDLU RI PROGHG MDUV DQG WZR FHODGRQ JOD]HG ZDWHU GURSSHUV ^+HLJKW LQFKHV FP RI MDUV`
(VWLPDWH $ /DUJH *URXS RI -DSDQHVH ,PDUL 3ODWHV DQG %RZOV
$ )DPLOOH 5RVH 3RUFHODLQ 3ODTXH (DUO\ WK &HQWXU\ SDLQWHG ZLWK WKUHH EHDXWLHV DQG D FKLOG ZLWKLQ D JDUGHQ FRPSRXQG DQG LQVFULSWLRQV ZLWK RQH VHDO WR WKH XSSHU ULJKW DQG VLJQHG 3DQ =KLQDQ
^ [ LQFKHV [ FP `
(VWLPDWH
LQFOXGLQJ HLJKWHHQ SODWHV ZLWK OREHG ULPV RQH ODUJH ERZO DQG D VHW RI IRXU QHVWLQJ ERZOV ZLWK SHWDO IRUP ULPV ^'LDPHWHU LQFKHV FP RI HDFK SODWH`
(VWLPDWH $ /DUJH -DSDQHVH %OXH DQG :KLWH &KDUJHU
7KUHH 3RUFHODLQ :DWHU 'URSSHUV LQFOXGLQJ RQH UHG JOD]HG GURSSHU ZLWK D VL[ FKDUDFWHU PDUN RQH EOXH DQG ZKLWH GURSSHU GHFRUDWHG ZLWK JUDSH YLQHV DQG RQH EOXH JOD]HG FRLQ IRUP GURSSHU ^7DOOHVW LQFKHV FP `
(VWLPDWH
SDLQWHG ZLWK D SDLU RI KRUVHV ZLWKLQ D PRXQWDLQRXV ODQGVFDSH VXUURXQGHG E\ VFUROOLQJ ORWXV IORZHUV D VL[ FKDUDFWHU PDUN WR WKH EDVH ^'LDPHWHU LQFKHV FP `
(VWLPDWH 7KUHH -DSDQHVH ,PDUL %RZOV
$ &\OLQGULFDO )DPLOOH 5RVH +DW 6WDQG
HDFK GHFRUDWHG LQ EROG HQDPHOV ZLWK YDULRXV ELUGV DQG WUHHV WKH H[WHULRU ZLWK VFUROOLQJ IORUDO GHVLJQV ^'LDPHWHU LQFKHV FP RI ODUJHVW`
SDLQWHG ZLWK WZR UREHG ILJXUHV EHQHDWK D ZLOORZ WUHH DQG LQVFULSWLRQ ^+HLJKW LQFKHV FP `
(VWLPDWH
(VWLPDWH
7KUHH -DSDQHVH 6DWVXPD :DUHV
$ 6TXDUH )RUP )DPLOOH 5RVH +DW 6WDQG SDLQWHG ZLWK DOWHUQDWLQJ SDQHOV RI ELUGV IORZHUV DQG LQVFULSWLRQV D VHDO PDUN WR WKH EDVH ^+HLJKW LQFKHV FP `
(VWLPDWH
(VWLPDWH
)RU PXOWLSOH YLHZV DQG FRORU SKRWRV JR WR FDWDORJ PLFKDDQV FRP
LQFOXGLQJ D FKU\VDQWKHPXP IRUP ERZO ZLWK D PDUN D VPDOO YDVH ZLWK IX GRJ EDVH DQG PDUN DQG D FRYHUHG FLUFXODU FRQWDLQHU DOO KHDYLO\ GHFRUDWHG ZLWK ILJXUDO VFHQHV DQG YDULRXV JHRPHWULF SDWWHUQV ^+HLJKW LQFKHV FP RI YDVH`
3DJH
$ 0D\ (VWDWH $XFWLRQ $ -DSDQHVH 5RRW )RUP +LEDFKL
.DRUX .DZDQR )RXU :RRGFXWV
WKH QDWXUDO IRUP OLQHG ZLWK PHWDO DQG DFFRPSDQLHG E\ D UHPRYDEOH EDPERR YDVH WR RQH VLGH ^:LGWK LQFKHV FP `
D *LUO DQG <HOORZ %LUG REDQ D VHDO WR WKH ORZHU ULJKW ZLWK SXEOLVKHU V PDUN LQ WKH ORZHU ULJKW FRUQHU YHUVR E *LUO DQG 7ZR %LUGV REDQ D VHDO WR WKH ORZHU OHIW ZLWK SXEOLVKHU V PDUN LQ WKH ORZHU ULJKW FRUQHU YHUVR F *LUO ZLWK &ODVSLQJ +DQGV .RNRQRWVXJLUL EDQ D VHDO WR WKH ORZHU ULJKW ZLWK SXEOLVKHU V PDUN LQ WKH ORZHU ULJKW FRUQHU YHUVR G *LUO ZLWK 3OXP %ORVVRP .RNRQRWVXJLUL EDQ D VHDO WR WKH ORZHU ULJKW ZLWK SXEOLVKHU V PDUN LQ WKH ORZHU ULJKW FRUQHU YHUVR
(VWLPDWH
(VWLPDWH 7VXFKL\D 5DNX]DQ 7ZR :RRGEORFN 3ULQWV D 7ZR 3RPHJUDQDWH REDQ VLJQHG ZLWK D VHDO WR WKH ORZHU ULJKW IUDPHG DQG JOD]HG E &DPHOOLD REDQ VLJQHG ZLWK D VHDO WR WKH ORZHU ULJKW IUDPHG DQG JOD]HG
.DRUX .DZDQR 7ZR :RRGFXWV
(VWLPDWH 8WDJDZD 7R\RNXQL $ :RRGEORFN 7ULSW\FK 'HSLFWLQJ D ZDWHU VFHQH REDQ WLWOHG DQG VLJQHG ZLWK SXEOLVKHU V PDUN GDWHG IUDPHG DQG JOD]HG
D .QHHOLQJ 1XGH REDQ D VHDO WR WKH ORZHU OHIW ZLWK SXEOLVKHU V PDUN LQ WKH ORZHU ULJKW FRUQHU YHUVR E
*RGHVV +ROGLQJ 9DVH REDQ D VHDO WR WKH ORZHU ULJKW ZLWK SXEOLVKHU V PDUN LQ WKH ORZHU ULJKW FRUQHU YHUVR
(VWLPDWH
.DRUX .DZDQR 7KUHH :RRGFXWV
(VWLPDWH +LURVKL <RVKLGD 6PDOO 7RZQ LQ &KLQJRNX ZRRGEORFN REDQ WLWOHG DQG VLJQHG WR WKH ORZHU PDUJLQ ZLWK RULJLQDO -L]XUL DQG +LURVKL VHDOV WR WKH OHIW
(VWLPDWH
(VWLPDWH
D *LUO LQ WKH )RUHVW REDQ D VHDO WR WKH ORZHU ULJKW ZLWK SXEOLVKHU V PDUN LQ WKH ORZHU ULJKW FRUQHU YHUVR E
%DE\ LZKW 5HG %ORRP REDQ D VHDO WR WKH ORZHU OHIW ZLWK SXEOLVKHU V PDUN LQ WKH ORZHU ULJKW FRUQHU YHUVR F
:LQG REDQ D VHDO WR WKH ORZHU OHIW ZLWK SXEOLVKHU V PDUN LQ WKH ORZHU ULJKW FRUQHU YHUVR
.DRUX .DZDQR 7ZR :RRGFXWV D *LUO DQG &DQGOH REDQ D VHDO WR WKH ORZHU OHIW ZLWK SXEOLVKHU V PDUN LQ WKH ORZHU ULJKW FRUQHU YHUVR E
.RNHVKL 'ROO REDQ D VHDO WR WKH ORZHU ULJKW ZLWK SXEOLVKHU V PDUN LQ WKH ORZHU ULJKW FRUQHU YHUVR
(VWLPDWH
)RU PXOWLSOH YLHZV DQG FRORU SKRWRV JR WR FDWDORJ PLFKDDQV FRP
3DJH
$ 0D\ (VWDWH $XFWLRQ .DRUX .DZDQR 7ZR :RRGFXWV
7HQ 6WHUOLQJ 6LOYHU 6DOW 6KDNHUV
D 2ZO REDQ D VHDO WR WKH ORZHU OHIW ZLWK SXEOLVKHU V PDUN LQ WKH ORZHU ULJKW FRUQHU YHUVR E /RWXV 3RGV LQ WKH 4XLHW 5DLQ REDQ D VHDO WR WKH ORZHU OHIW ZLWK SXEOLVKHU V PDUN LQ WKH ORZHU ULJKW FRUQHU YHUVR
&RPSULVLQJ WZR FDVHG VHWV RI IRXU *RUKDP VKDNHUV DQG WZR RWKHUV ^7RWDO VLOYHU ZHLJKW WUR\ R] KHLJKW RI WDOOHVW LQFKHV`
(VWLPDWH
(VWLPDWH 5R\DO &UHVW 6WHUOLQJ 6LOYHU )ODWZDUH 6HUYLFH LQ WKH 3URPLVH 3DWWHUQ
$ 3DLU RI &ORLVRQQp 9DVHV DQG D 3ODWH
(VWLPDWH
7KH YDVHV GHFRUDWHG ZLWK FUDQHV DQG IORZHUV WKH SODWH ZLWK D IROLDWHG ULP DQG URXQGHO GHSLFWLQJ D VWXSD DQG ORWXV SRQG DOO ZLWK PDWFKLQJ ZRRGV VWDQGV ^+HLJKW RI 9DVHV LQFKHV FP
H[FOXGLQJ VWDQG`
(VWLPDWH
:KLWLQJ 6WHUOLQJ %RZO 7RJHWKHU ZLWK 6L[WHHQ 6WHUOLQJ 7HDVSRRQV
(VWLPDWH
&RPSULVLQJ HLJKW *RUKDP WHDVSRRQV WZR PRQRJUDPPHG DQG IRXU 'XUJLQ LQ D VLPLODU SDWWHUQ LQFOXGLQJ WZR PRQRJUDPPHG WRJHWKHU ZLWK D :KLWHILHOG +RXVH VRXYHQLU VSRRQ DQG *RUKDP GHPLWDVVH VSRRQV ZLWK PRQRJUDP
^7RWDO VLOYHU ZHLJKW WUR\ R]`
5HHG %DUWRQ )UDQFLV , 6WHUOLQJ )ODWZDUH 6HUYLFH
(VWLPDWH
&RPSULVLQJ WZHOYH GLQQHU NQLYHV WZHOYH GLQQHU IRUNV ^OHQJWK LQFKHV` WZHOYH VDODG IRUNV ^OHQJWK LQFKHV` WZHOYH VRXS VSRRQV WZHOYH WHDVSRRQV WZHOYH FRFNWDLO IRUNV QHZ LQ EDJV WZR PDVWHU EXWWHU NQLYHV VXJDU VKHOO WKUHH VHUYLQJ IRUNV IRXU VHUYLQJ VSRRQV ODGOH MHOO\ VHUYHU WZR SLHFH FDUYLQJ VHW SDVWU\ VHUYHU DQG D SDLU RI IDX[ HERQ\ VDODG VHUYHUV ^OHQJWK LQFKHV`
^7RWDO ZHLJKDEOH VLOYHU WUR\ R]`
*RUKDP 6WHUOLQJ 6LOYHU )ODWZDUH 6HUYLFH LQ WKH (WUXVFDQ 3DWWHUQ
(VWLPDWH
&RPSULVLQJ WZHOYH GLQQHU IRUNV ^OHQJWK LQFKHV` WZHOYH GLQQHU NQLYHV ^OHQJWK LQFKHV` WZHOYH VDODG IRUNV WZHOYH VRXS VSRRQV WZHQW\ IRXU WHDVSRRQV WZHOYH IODW EXWWHU NQLYHV PDVWHU EXWWHU NQLIH DQG VHUYLQJ VSRRQ WRJHWKHU ZLWK D 5RJHUV %URV VLOYHU SODWHG VORWWHG VSRRQ DQG SDLU RI VXJDU WRQJV
^7RWDO ZHLJKDEOH VLOYHU WUR\ R]`
&RPSULVLQJ VL[ GLQQHU IRUNV ^OHQJWK LQFKHV` ILYH GLQQHU NQLYHV ^OHQJWK LQFKHV` ILYH JUDSH IUXLW VSRRQV ^OHQJWK LQFKHV` DQG JLOW ZDVKHG VL[ LFH FUHDP IRUNV ^OHQJWK LQFKHV`
^7RWDO ZHLJKDEOH VLOYHU WUR\ R]`
7ZHOYH :DOODFH ,ULDQ 6WHUOLQJ ,FH &UHDP )RUNV ^7RWDO VLOYHU ZHLJKW WUR\ R] OHQJWK LQFKHV`
(VWLPDWH
)RU PXOWLSOH YLHZV DQG FRORU SKRWRV JR WR FDWDORJ PLFKDDQV FRP
3DJH
$ 0D\ (VWDWH $XFWLRQ 3DLU RI *RUKDP 9HUVDLOOHV 6WHUOLQJ 6DODG 6HUYHUV
*URXS RI 6L[ 6WHUOLQJ &RPSRWHV DQG %RZOV
^7RWDO VLOYHU ZHLJKW WUR\ R] OHQJWK LQFKHV`
(VWLPDWH
(VWLPDWH 6KLHEOHU 6WHUOLQJ 6LOYHU 0DUWLQL 6WLU 7RJHWKHU ZLWK D *URXSLQJ RI 6LOYHU 3ODWH )ODWZDUHV
(VWLPDWH
(VWLPDWH
,QFOXGLQJ WKUHH SLHFHV RI &KULVWRIOH SDLU RI 6KHIILHOG VDODG VHUYHUV WKUHH ODUJH VSRRQV DQG D SDLU RI PRGHUQLVW VDODG VHUYHUV
^7RWDO VLOYHU ZHLJKW WUR\ R] OHQJWK RI 6KLHEOHU PDUWLQL VWLU LQFKHV`
7KUHH 7LIIDQ\ 6WHUOLQJ 6LOYHU )ODWZDUHV &KLOG V IRUN DQG VSRRQ DQG D VHUYLFH IRUN ^7RWDO VLOYHU ZHLJKW WUR\ R] OHQJWK RI VHUYLFH IRUN LQFKHV`
(VWLPDWH
3DUWLDO 6XLWH RI :KLWLQJ /RXLV ;9 6WHUOLQJ 6LOYHU )ODWZDUH PRQRJUDPHG
*URXS RI $PHULFDQ $HVWKHWLF 0RYHPHQW 6LOYHU 3ODWHG 'LVKHV
&RPSULVLQJ QLQH GLQQHU IRUNV ^OHQJWK LQFKHV` QLQH VDODG IRUNV ^OHQJWK LQFKHV` VHYHQWHHQ WHDVSRRQV WZHOYH SODFH VSRRQV ^OHQJWK LQFKHV` WZHOYH VHDIRRG IRUNV PDVWHU VHDIRRG IRUN PDVWHU EXWWHU NQLIH SRLQWHG FDVVHUROH VHUYHU FUXPE WUD\ DQG ODGOH ^OHQJWK LQFKHV`
^7RWDO VLOYHU ZHLJKW WUR\ R]`
&RPSURPLVLQJ WZR EULGH V EDVNHWV D FRYHUHG EXWWHU GLVK DQG D :LOFR[ FDQGOHVWLFN WRJHWKHU ZLWK D 3RUWHU %ODQFKDUG SHZWHU FRDVWHU
(VWLPDWH 5HHG %DUWRQ $HVWKHWLF 0RYHPHQW 6LOYHU 3ODWHG )LYH 3LHFH 7HD 6HUYLFH
*URXS RI 6WHUOLQJ DQG 6LOYHU 3ODWHG 7DEOH $UWLFOHV
(VWLPDWH
&RPSULVLQJ D SDLU RI KDPPHUHG *RUKDP FRPSRWHV ^GLDPHWHU LQFKHV` D ZHLJKWHG :KLWLQJ FRPSRWH DVKWUD\ $OYLQ EHUU\ GLVK DQG D :HEVWHU JODVV GLVK ZLWK VWHUOLQJ ULP ^7RWDO ZHLJKDEOH VLOYHU WUR\ R]`
&RPSULVLQJ WZR VWHUOLQJ KDQGOHG JUDSH VKHDUV RQH *RUKDP WKH RWKHU (QJOLVK ^OHQJWK RI ORQJHVW LQFKHV` &DVHG VHW RI VL[ PRWKHU RI SHDUO KDQGOHG NQLYHV VL[ SRUFHODLQ KDQGOHG DQG PRWKHU RI SHDUO VSRRQV WHQ PRWKHU RI SHDUO KDQGOHG DQG VWHUOLQJ FXIIHG NQLYHV (QJOLVK VLOYHU SODWHG VSRRQ ZDUPHU DQG WKUHH VLOYHU SODWHG IODWZDUHV
(VWLPDWH
)RU PXOWLSOH YLHZV DQG FRORU SKRWRV JR WR FDWDORJ PLFKDDQV FRP
&RPSULVLQJ KRW ZDWHU NHWWOH ^KHLJKW LQFKHV` WHDSRW ^KHLJKW LQFKHV` FRYHUHG VXJDU FUHDPHU DQG VXJDU WRJHWKHU ZLWK WZR $HVWKHWLF 0RYHPHQW VLOYHU SODWHG WHD WUD\V E\ 0HULGHQ DQG (*: 6 ^OHQJWK RI ORQJHVW LQFKHV`
3DJH
$ 0D\ (VWDWH $XFWLRQ (QJOLVK 3ODWHG +RW :DWHU .HWWOH RQ 6WDQG DQG 7HDSRW
(DUO\ &RQWLQHQWDO 6LOYHU :HGGLQJ &XS
WRJHWKHU ZLWK D VWHUOLQJ FUHDPHU DQG VXJDU UHWDLOHG E\ 6KUHYH ^KHLJKW RI NHWWOH RQ VWDQG LQFKHV KHLJKW RI FUHDPHU LQFKHV`
^7RWDO VLOYHU ZHLJKW WUR\ R] KHLJKW LQFKHV`
(VWLPDWH
(VWLPDWH ,YRULQH +DQGOHG )LVK 6HUYLFH LQ 3UHVHQWDWLRQ &DVH
7ZR (QJOLVK 6KHIILHOG 3ODWH 8UQ )RUP 3XQFK %RZOV
LQFOXGLQJ VL[ IRUNV ^OHQJWK LQFKHV` DQG VL[ NQLYHV ^OHQJWK LQFKHV`
^+HLJKW RI ODUJHU LQFKHV PD[LPXP ZLGWK LQFKHV`
(VWLPDWH
(VWLPDWH (QJOLVK 6WHUOLQJ ,QYDOLG )HHGHU 7ZR &RLQ 6LOYHU 7DEOHVSRRQV DQG D 6DPXHO .LUN &RLQ 6LOYHU 7HDVSRRQ
&RQWLQHQWDO 6LOYHU :RRG +DQGOHG /DGOH 7RJHWKHU ZLWK D *URXS RI 6LOYHU 3ODWHG 7DEOH $UWLFOHV
^7RWDO VLOYHU ZHLJKW WUR\ R] OHQJWK RI IHHGHU LQFKHV`
(VWLPDWH
(VWLPDWH
&RPSULVLQJ HLJKW DVKWUD\V ZLWK GUDJRQV IRXU VPDOO QXW GLVKHV ^GLDPHWHU LQFKHV` D &KULVWRIOH SODWH ^GLDPHWHU LQFKHV` WZR %HUQDGRII EUHDG SODWHV PRQRJUDPHG )( DQG DQ $HVWKHWLF 0RYHPHQW SDLU RI QDSNLQ ULQJV FDVW ZLWK D EDVNHW ZHDYH GHVLJQ DQG DQLPDOV
&ROOHFWLRQ RI )LVK 6HUYLFH 6WHUOLQJ )ODWZDUHV
(VWLPDWH
&RPSULVLQJ D VXLWH RI WZHQW\ WZR /DQGHUV )UDU\ &ODUN LYRULQH KDQGOHG GLQQHU NQLYHV ^OHQJWK LQFKHV` DQG WZHOYH OXQFKHRQ NQLYHV ^OHQJWK LQFKHV` DOO ZLWK VWHUOLQJ FROODUV 6KHIILHOG VLOYHU SODWHG ILVK VHUYLFH IRUN DQG NQLIH VLOYHU SODWHG ILVK VHUYLFH IRUN DQG NQLIH LQ ILWWHG FDVH ZLWK LYRULQH KDQGOHV VL[ 5HHG %DUWRQ VLOYHU SODWHG WHDVSRRQV ZLWK EXVW PHGDOOLRQ KDQGOHV ^OHQJWK LQFKHV` VL[ (QJOLVK VWHUOLQJ KDQGOHG VHUUDWHG NQLIHV ORVVHV :DOODFH VWHUOLQJ KDQGOHG SDVWU\ VHUYHU VWHUOLQJ SDVWU\ VHUYHU VWHUOLQJ WDEOHVSRRQ HQJUDYHG 5XWK DQG D SDLU RI VLOYHU VHUYLQJ WRQJV
/DUJH &ROOHFWLRQ RI :DOODFH %DURTXH 6LOYHU 3ODWHG 6HUYLQJ 3LHFHV 7HD $UWLFOHV
(VWLPDWH
)RU PXOWLSOH YLHZV DQG FRORU SKRWRV JR WR FDWDORJ PLFKDDQV FRP
&RPSULVLQJ D VHYHQ SLHFH WHD DQG FRIIHH VHUYLFH ZLWK KRW ZDWHU NHWWOH DQG EXUQHU ^KHLJKW RQ VWDQG LQFKHV` FRIIHH SRW WHD SRW FUHDPHU VXJDU VSODW ERZO DQG WUD\ ^OHQJWK LQFKHV` FUHDPHU DQG VXJDU ZLWK XQGHU WUD\ SDLU RI WKUHH OLJKW FDQGHODEUD WZR VKHOO IRUP UHOLVK GLVKHV VKHOO IRUP VHUYLQJ ERZO FRPSRWH RYDO IRRWHG FHQWHU ERZO UHFWDQJXODU WUD\ WZR VHUYLQJ SODWHV ^GLDPHWHU LQFKHV` DQG D UHWLFXODWHG FRRNLH SODWWHU
3DJH
$ 0D\ (VWDWH $XFWLRQ /DUJH &ROOHFWLRQ RI :DOODFH %DURTXH 6LOYHU 3ODWHG 6HUYLQJ 3LHFHV
(VWLPDWH
&RPSULVLQJ D SDLU RI WKUHH OLJKW FDQGHODEUD ^KHLJKW LQFKHV` ODUJH FKDILQJ GLVK ^OHQJWK LQFKHV` FKDPSDJQH EXFNHW LQVXODWHG FRYHUHG LFH FUHDP GLVK SLWFKHU ODGOH JUDY\ ERDW ZLWK XQGHU WUD\ WZR EXWWHU GLVKHV WZR FRYHUHG VHUYLQJ GLVKHV WZR PHDW SODWWHUV ^ODUJHVW OHQJWK LQFKHV` WZR RYDO VHUYLQJ ERZOV RYDO IRRWHG VHUYLQJ ERZO VHUYLQJ GLVK ZLWK WKUHH ZHOOV VLQJOH VKDNHU DQG D VDOW FHOODU ZLWK EOXH JODVV OLQHU DQG VSRRQ
7KUHH (QJOLVK 6KHIILHOG 6LOYHU 3ODWHG 5RDVW &RYHUV
7KUHH $PHULFDQ 6WHUOLQJ %UXVKHV &RPSULVLQJ D SDLU RI 5 :DOODFH 6RQV FORWKHV EUXVKHV ZLWK WDYHUQ VFHQHV DQG D %ODFNLQWRQ KDLU EUXVK PRQRJUDPPHG $6 ^OHQJWK LQFKHV`
(VWLPDWH 7ZR *RUKDP 6WHUOLQJ 6LOYHU &ORWKHV %UXVKHV DQG D 6WHUOLQJ +DQG 0LUURU ZLWK /HDI\ 5RFDLOOH 5HSRXVVH 'HFRUDWLRQ DOO PRQRJUDPHG ^/HQJWK RI KDQG PLUURU LQFKHV`
(VWLPDWH
^'LPHQVLRQV RI ODUJHVW [ LQFKHV`
7ZR 3DLUV RI *HRUJ -HQVHQ 6LOYHU 6SRRQV )RUNV
(VWLPDWH
,QFOXGLQJ RQH SDLU VWHUOLQJ DQG D SDLU VLOYHU ^7RWDO VLOYHU ZHLJKW WUR\ R] OHQJWK RI ORQJHVW LQFKHV`
&RQWLQHQWDO 6WHUOLQJ 6LOYHU &KDWHODLQH
(VWLPDWH
^/HQJWK LQFKHV`
(LJKW ,QGLDQ 6WHUOLQJ 7XUTXRLVH ,FH 7HDVSRRQV (VWLPDWH
^7RWDO VLOYHU ZHLJKW WUR\ R] OHQJWK LQFKHV`
*URXS RI 6WHUOLQJ 6LOYHU DQG (QJLQH 7XUQHG 'UHVVHU ,WHPV
(VWLPDWH
(VWLPDWH
&RPSULVLQJ DQ ,WDOLDQ VLOYHU OLSVWLFN FDVH ZLWK PLUURUHG FRPSDUWPHQW VWHUOLQJ GUHVVHU ER[ ^OHQJWK LQFKHV` D ZRRGHQ GUHVVHU ER[ ZLWK VWHUOLQJ RYHUOD\ DQG WKUHH VFHQW ERWWOHV ZLWK HQJLQH WXUQHG HQDPHO OLGV ^KHLJKW LQFKHV`
^7RWDO ZHLJKDEOH VLOYHU WUR\ R]`
/RV &DVWLOOR 7D[FR 6WHUOLQJ 9DVH ZLWK 0DODFKLWH ,QOD\ ^KHLJKW LQFKHV`
(VWLPDWH
)RU PXOWLSOH YLHZV DQG FRORU SKRWRV JR WR FDWDORJ PLFKDDQV FRP
3DJH
$ 0D\ (VWDWH $XFWLRQ 6XLWH RI 6L[ -DSDQHVH 6WHUOLQJ 6LOYHU &XSV
$QQ &RUFRUDQ 1RXURW ,YRU\ &DVHG *ODVV 9DVH DQG D 0LFKDHO 1RXURW 3HEEO\ $OOLJDWRU 9DVH
^7RWDO VLOYHU ZHLJKW WUR\ R] KHLJKW LQFKHV`
^+HLJKW RI DOOLJDWRU YDVH LQFKHV`
(VWLPDWH
(VWLPDWH 7ZR -DSDQHVH 6WHUOLQJ 6LOYHU &LJDUHWWH &DVHV DQG DQ (QJOLVK 9LFWRULDQ 6WHUOLQJ 0DWFK 6DIH
+XGLQ DQG %H\HUV 2UFKLG &DVHG *ODVV 9DVH DQG D /HH +XGLQ )ORZHULQJ 7UHHV &DVHG *ODVV 9DVH
^7RWDO VLOYHU ZHLJKW WUR\ R] OHQJWK RI ODUJHVW FDVH LQFKHV`
^+HLJKW RI WDOOHVW LQFKHV`
(VWLPDWH
(VWLPDWH 7HQ 3DLUV RI -DSDQHVH 6WDQGDUG 6LOYHU )LJXUDO 6DOW 3HSSHU 6KDNHUV DQG D &DUG +ROGHU 7RJHWKHU ZLWK D 7RZOH 6WHUOLQJ )RRWHG %RZO DQG 6L[ 6WHUOLQJ 6KDNHUV
(VWLPDWH
^7RWDO VLOYHU ZHLJKW WUR\ R] KHLJKW RI WDOOHVW VKDNHU LQFKHV`
)RXU $UW *ODVV 9DVHV &RPSULVLQJ D )UDWHOOL 7RVR 9HQHWLDQ ODWWLFLQR KDQGNHUFKLHI YDVH ^KHLJKW LQFKHV` DQ RUDQJH &]HFKRVORYDNLDQ YDVH DQG WZR 0D\WXP FDVHG JODVV YDVHV VLJQHG
(VWLPDWH 7KUHH $UW *ODVV 3LHFHV
*URXS RI 6LOYHU DQG 6WHUOLQJ &RFNWDLO ,WHPV
(VWLPDWH
&RPSULVLQJ D FDVHG VHW RI VL[ *HUPDQ VWDQGDUG VLOYHU VKRW JODVVHV D 5HYHUH VWHUOLQJ EUDQG\ ZDUPHU ^OHQJWK LQFKHV` VLOYHU DVKWUD\ D 6ZHGLVK SODWHG ROLYH GLVSHQVHU ^OHQJWK LQFKHV` WKUHH SODWHG OLTXRU WDJV DQG D IRXUWK ODEHO PDUNHG VLOYHU
^7RWDO ZHLJKDEOH VLOYHU WUR\ R]`
,QFOXGLQJ D 1HVWHUXN SLHFH D 0XUDQR JODVV VFXOSWXUH VLJQHG 5 5XDWUD ^KHLJKW LQFKHV` DQG D EOXH DQG SLQN VFXOSWXUH VLJQHG LQGLVWLQFW
(VWLPDWH 'DKO .LOQ $UW *ODVV 0HWDOOLF %RZO ^0D[LPXP OHQJWK LQFKHV`
(VWLPDWH
)RU PXOWLSOH YLHZV DQG FRORU SKRWRV JR WR FDWDORJ PLFKDDQV FRP
3DJH
$ 0D\ (VWDWH $XFWLRQ
(VWLPDWH
&ROOHFWLRQ RI )LYH 3DSHUZHLJKWV
6XLWH RI 9HUVDLOOHV 0HGDOOLRQ &U\VWDO 6WHPZDUH E\ 7LIILQ
&RPSULVLQJ WKUHH %DFFDUDW 6XOSKLGH SRUWUDLW SDSHUZHLJKWV SRUWUD\LQJ :LOO 5RJHUV 3RSH -RKQ ;;,,, DQG 7HGG\ 5RRVHYHOW ^GLDPHWHU LQFKHV` WRJHWKHU ZLWK DQ XQPDUNHG SDSHUZHLJKW ZLWK ZDWHU OLO\ DQG WZR IURJV DQG D &DLWKQHVV SDSHUZHLJKW 6SULQJ 6\PSKRQ\ ^KHLJKW LQFKHV`
&RPSULVLQJ HLJKW UHG ZLQH JODVVHV ^KHLJKW LQFKHV` QLQH ZKLWH ZLQH JODVVHV ^KHLJKW LQFKHV` VL[ FKDPSDJQH JODVVHV ^KHLJKW LQFKHV` DQG HLJKW DSSHWL]HU SODWHV ^GLDPHWHU LQFKHV`
(VWLPDWH
0DU\ *UHJRU\ $UW *ODVV 'UHVVHU %R[
7KUHH 3LHFHV RI $UW 'HFR *ODVV
ZLWK WZR NH\V ^'LPHQVLRQV [ [ LQFKHV`
&RPSULVLQJ D \HOORZ JODVV FRPSRWH DQG FDQGOHVWLFN ZLWK VLOYHU RYHUOD\ DQG D /RHW] W\SH LULGHVFHQW YDVH ^+HLJKW RI FDQGOHVWLFN LQFKHV`
(VWLPDWH
(VWLPDWH
%RKHPLDQ *LOW *ODVV (QDPHOHG /LTXRU 6HW
3DLU RI $XVWULDQ $UW *ODVV 9DVHV
&RPSULVLQJ HLJKW OLTXRU JODVVHV ^KHLJKW LQFKHV` HLJKW VDXFHUV DQG GHFDQWHU ^KHLJKW LQFKHV` SRVVLEO\ 0RVHU
ZLWK SLQFKHG LQGHQWDWLRQV ^+HLJKW LQFKHV`
(VWLPDWH
(VWLPDWH
7ZR (WFKHG - 2 %ULHQ :DWHUIRUG &U\VWDO 9DVHV
6XLWH RI 0XUDQR *ODVV 6WHPZDUH PDQXIDFWXUHG E\ 3DXO\ &LH
(VWLPDWH
&RPSULVLQJ WZHOYH ZDWHU JREOHWV ^KHLJKW LQFKHV` HOHYHQ FKDPSDJQH IOXWHV ^KHLJKW LQFKHV` HOHYHQ ZKLWH ZLQH JODVVHV ^KHLJKW LQFKHV` HLJKW UHG ZLQH JODVVHV ^KHLJKW LQFKHV` DQG QLQH OLTXRU JODVVHV ^KHLJKW LQFKHV`
1RDK DQG 7KH 7HQ &RPPDQGPHQWV ERWK VLJQHG ^+HLJKW RI WDOOHVW LQFKHV`
(VWLPDWH (LJKW 'DQLVK +ROPHJDDUG 3ULQFHVV :DWHU *REOHWV ZLWK $LU 7UDS %DVHV 7RJHWKHU ZLWK 6L[ $UW 'HFR 0RUJDQWRZQ *ROI %DOO 6SDQLVK 5HG :DWHU *REOHWV F
(VWLPDWH
)RU PXOWLSOH YLHZV DQG FRORU SKRWRV JR WR FDWDORJ PLFKDDQV FRP
^+HLJKW RI +ROPHJDDUG JODVVHV LQFKHV 0RUJDQWRZQ LQFKHV`
3DJH
$ 0D\ (VWDWH $XFWLRQ $VVRFLDWHG 6XLWH RI &U\VWDO 6WHPZDUH VRPH PDUNHG +DZNHV
(VWLPDWH
&RPSULVLQJ QLQH EUDQG\ VQLIWHUV ^KHLJKW LQFKHV` WKLUWHHQ ZDWHU JREOHWV ^KHLJKW LQFKHV` DQG WKUHH FODUHWV ^KHLJKW LQFKHV` DOO PDUNHG +DZNHV DQG DQ XQPDUNHG YDVH WRJHWKHU ZLWK WHQ FKDPSDJQH FRXSHV ILYH FKDPSDJQH IOXWHV VHYHQ WXPEOHUV ^KHLJKW LQFKHV` DQG D ZDWHU JODVV DOO LQ D VLPLODU SDWWHUQ DQG D VXLWH RI VL[ WXPEOHUV LQ VOLJKWO\ GLIIHUHQW VL]HV DQG D GHFDQWHU ODFNLQJ OLG DOO ZLWK FXW VWDU GHVLJQV
)RXU %DFFDUDW &XW &U\VWDO 3DOHUPH :DWHU *REOHWV F
6XLWH RI +DZNHV 'RQLVHO ,, &U\VWDO 6WHPZDUH VWHP VKDSH EODQNV IURP 6WHXEHQ JODVV
(VWLPDWH
6XLWH RI &DWDUDFW &R (QJUDYHG &U\VWDO 6WHPZDUH VWHP VKDSH
(VWLPDWH
^+HLJKW LQFKHV`
6XLWH RI $PHULFDQ *ODVV 6WHPZDUH DQG %RWWOH
&ROOHFWLRQ RI 8QPRXQWHG 6WRQHV
&RPSULVLQJ IRXU +DZNHV /H0RGHUQH HQJUDYHG ZDWHU JREOHWV LQ WRSD] FXW WR FOHDU F ^KHLJKW LQFKHV` IRXU 'RUIOLQJHU +RE 'LDPRQG 2YDO ZDWHU JREOHWV F ^KHLJKW LQFKHV` D +DZNHV HQJUDYHG )UHQFK GUHVVLQJ ERWWOH F DQG D :HEE (QJODQG HQJUDYHG VKHUU\ JODVV RQ ]LSSHU FXW WZLVW VWHP ^QLFN WR EDVH`
,QFOXGLQJ QXPHURXV YDU\LQJ VKDSHG SHULGRWV ZHLJKLQJ D WRWDO RI DSSUR[LPDWHO\ FWWZ VL[ RYDO FXW DPHWK\VWV ZHLJKLQJ D WRWDO RI DSSUR[LPDWHO\ FWWZ WRJHWKHU ZLWK QXPHURXV URXQG FDW V H\H FKU\VREHU\O FDERFKRQV ZHLJKLQJ D WRWDO RI DSSUR[LPDWHO\ FWWZ 1RWH 6WRQHV DUH DEUDGHG
(VWLPDWH
&ROOHFWLRQ RI 8QPRXQWHG 6WRQHV
6XLWH RI +DZNHV 6WUDZEHUU\ 'LDPRQG )DQ :DWHU *REOHWV &RPSULVLQJ HLJKW ZDWHU JREOHWV VWHP VKDSH ^KHLJKW LQFKHV` DQG HLJKW ZDWHU JREOHWV RQ VTXDUH EDVHV VWHP VKDSH ^KHLJKW LQFKHV`
(VWLPDWH
&RPSULVLQJ VL[ ZDWHU JREOHWV ^KHLJKW LQFKHV` VL[ FODUHWV ^KHLJKW LQFKHV` VL[ FRXSH FKDPSDJQHV ^KHLJKW LQFKHV` VL[ ZLQH JODVVHV ^KHLJKW LQFKHV` VL[ IRRWHG VKHUEHW FXSV ^KHLJKW LQFKHV` VL[ IUXLW ERZOV ^KHLJKW LQFKHV` VL[ FRUGLDOV ^KHLJKW LQFKHV` DQG IRXU REORQJ PDWFKVWLFN KROGHUV ^KHLJKW LQFKHV`
3URYHQDQFH 'HVLJQHG E\ FRPSDQ\ RZQHU $OIUHG 6KDUSH LQ IRU KLV VHFRQG ZLIH V ZHGGLQJ SUHVHQW
(VWLPDWH
(VWLPDWH
&RPSULVLQJ HLJKW ZDWHU JREOHWV ^KHLJKW LQFKHV` HLJKW FKDPSDJQH JODVVHV ^KHLJKW LQFKHV` DQG HLJKW IUXLW ERZOV
(VWLPDWH
)RU PXOWLSOH YLHZV DQG FRORU SKRWRV JR WR FDWDORJ PLFKDDQV FRP
,QFOXGLQJ RQH DVVHPEOHG RSDO EODFN RQ\[ ,QGLDQ KHDG FDPHR WKUHH VWDU VDSSKLUHV ZHLJKLQJ D WRWDO RI DSSUR[LPDWHO\ FWWZ QXPHURXV QDYHWWH VKDSHG WXUTXRLVH FDERFKRQV WRJHWKHU ZLWK QXPHURXV YDU\LQJ VKDSHG RSDO FDERFKRQV
3DJH
$ 0D\ (VWDWH $XFWLRQ &ROOHFWLRQ RI 8QPRXQWHG 0RUJDQLWH &LWULQH
2SDO 6DSSKLUH 'LDPRQG 6LOYHU 1HFNODFH
7KH XQPRXQWHG (XURSHDQ FXW PRUJDQLWH ZHLJKV DSSUR[LPDWHO\ FWV WRJHWKHU ZLWK D SHDU FXW FLWULQH ZHLJKLQJ DSSUR[LPDWHO\ FWV
&HQWHULQJ RQH URXQG RSDO FDERFKRQ PHDVXULQJ DSSUR[LPDWHO\ PP DFFHQWHG E\ IRXU PDUTXLVH DQG IRXU WULDQJXODU FXW VDSSKLUHV ZHLJKLQJ D WRWDO RI DSSUR[LPDWHO\ FWWZ IXUWKHU HQKDQFHG E\ WKLUW\ VL[ IXOO FXW GLDPRQGV ZHLJKLQJ D WRWDO RI DSSUR[LPDWHO\ FWWZ VHW LQ D VLOYHU SHQGDQW VXVSHQGHG IURP DQ LQFK ILQH FKDLQ
(VWLPDWH
(VWLPDWH 6DSSKLUH 'LDPRQG N :KLWH *ROG 5LQJ
(VWLPDWH
)HDWXULQJ HLJKW SHDU VKDSHG VDSSKLUHV ZHLJKLQJ D WRWDO RI DSSUR[LPDWHO\ FWWZ DFFHQWHG E\ VL[WHHQ URXQG FXW GLDPRQGV ZHLJKLQJ D WRWDO RI DSSUR[LPDWHO\ FWWZ VHW LQ D N ZKLWH JROG PRXQWLQJ
2SDO 5XE\ N :KLWH *ROG 5LQJ
&ROOHFWLRQ RI 7ZR 3DLUV RI 'LDPRQG *ROG (DUULQJV ,QFOXGLQJ RQH SDLU RI GLDPRQG N ZKLWH JROG KRRS HDUULQJV WRJHWKHU ZLWK RQH SDLU RI GLDPRQG N \HOORZ JROG HDUULQJV 7RWDO GLDPRQG ZHLJKW LV DSSUR[LPDWHO\ FWWZ
(VWLPDWH 'LDPRQG N :KLWH *ROG 5LQJ
&HQWHULQJ RQH RYDO RSDO FDERFKRQ PHDVXULQJ DSSUR[LPDWHO\ [ PP IODQNHG E\ WZR VTXDUH FXW UXELHV ZHLJKLQJ D WRWDO RI DSSUR[LPDWHO\ FWWZ VHW LQ D N ZKLWH JROG PRXQWLQJ
)HDWXULQJ WZHOYH SULQFHVV FXW GLDPRQGV ZHLJKLQJ D WRWDO RI DSSUR[LPDWHO\ FWWZ VHW LQ D N ZKLWH JROG PRXQWLQJ
(VWLPDWH
'LDPRQG N :KLWH *ROG 5LQJ
(VWLPDWH 'LDPRQG 3ODWLQXP 5LQJ
)HDWXULQJ WZHQW\ ILYH IXOO FXW GLDPRQGV ZHLJKLQJ D WRWDO RI DSSUR[LPDWHO\ FWWZ VHW LQ DQ N ZKLWH JROG PRXQWLQJ
)HDWXULQJ RQH SULQFHVV FXW GLDPRQG ZHLJKLQJ DSSUR[LPDWHO\ FW VHW LQ D SODWLQXP PRXQWLQJ
(VWLPDWH (VWLPDWH
)RU PXOWLSOH YLHZV DQG FRORU SKRWRV JR WR FDWDORJ PLFKDDQV FRP
3DJH
$ 0D\ (VWDWH $XFWLRQ 'LDPRQG N :KLWH *ROG 3HQGDQW 1HFNODFH
'LDPRQG N :KLWH *ROG 5LQJ
)HDWXULQJ IRXU SULQFHVV FXW HLJKWHHQ IXOO FXW DQG WKUHH EDJXHWWH FXW GLDPRQGV VHW LQ D N ZKLWH JROG VOLGH VXVSHQGHG IURP D N ZKLWH JROG OLQN LQFK QHFNODFH
)HDWXULQJ VL[W\ URXQG FXW GLDPRQGV ZHLJKLQJ D WRWDO RI DSSUR[LPDWHO\ FWWZ VHW LQ D N ZKLWH JROG PRXQWLQJ
(VWLPDWH
(VWLPDWH &XOWXUHG 3HDUO N <HOORZ *ROG 1HFNODFH
7DQ]DQLWH 'LDPRQG N :KLWH *ROG 5LQJ
&RPSRVHG RI HLJKWHHQ EDURTXH FXOWXUHG SHDUOV UDQJLQJ LQ VL]H IURP DSSUR[LPDWHO\ [ [ PP FRPSOHWHG E\ D N \HOORZ JROG ILVK KRRN FODVS IRUPLQJ D LQFK QHFNODFH
&HQWHULQJ RQH RYDO WDQ]DQLWH ZHLJKLQJ DSSUR[LPDWHO\ FWV DFFHQWHG E\ VL[W\ IXOO FXW GLDPRQGV ZHLJKLQJ D WRWDO RI DSSUR[LPDWHO\ FWWZ VHW LQ D N ZKLWH JROG PRXQWLQJ
(VWLPDWH
(VWLPDWH
(VWLPDWH
*DUQHW 'LDPRQG N :KLWH *ROG %UDFHOHW
'LDPRQG N :KLWH *ROG 5LQJ
&RPSRVHG RI HLJKWHHQ RYDO FXW GHPDQWRLG JDUQHWV ZHLJKLQJ D WRWDO RI DSSUR[LPDWHO\ FWWZ LQWHUVSHUVHG E\ VHYHQW\ WZR URXQG FXW GLDPRQGV ZHLJKLQJ D WRWDO RI DSSUR[LPDWHO\ FWWZ VHW LQ D N ZKLWH JROG EUDFHOHW
)HDWXULQJ VHYHQWHHQ EDJXHWWH FXW DQG WZHQW\ VHYHQ IXOO FXW GLDPRQGV ZHLJKLQJ D WRWDO RI DSSUR[LPDWHO\ FWWZ VHW LQ D N ZKLWH JROG PRXQWLQJ
(VWLPDWH 3DLU RI &RUDO N :KLWH *ROG (DUULQJV
'LDPRQG 3ODWLQXP 5LQJ
(DFK IHDWXUHV RQH RYDO FRUDO FDERFKRQ VHW LQ D N ZKLWH JROG PRXQWLQJ
)HDWXULQJ WHQ IXOO FXW GLDPRQGV ZHLJKLQJ D WRWDO RI DSSUR[LPDWHO\ FWWZ VHW LQ D SODWLQXP PRXQWLQJ
(VWLPDWH
(VWLPDWH &RUDO 'LDPRQG N :KLWH *ROG 5LQJ )HDWXULQJ RQH RYDO FRUDO FDERFKRQ IODQNHG E\ VL[ IXOO FXW GLDPRQG ZHLJKLQJ D WRWDO RI DSSUR[LPDWHO\ FWWZ VHW LQ D N ZKLWH JROG PRXQWLQJ
(VWLPDWH
)RU PXOWLSOH YLHZV DQG FRORU SKRWRV JR WR FDWDORJ PLFKDDQV FRP
3DJH
$ 0D\ (VWDWH $XFWLRQ &RUDO GLDPRQG N :KLWH *ROG 3HQGDQW
&LWULQH *DUQHW N <HOORZ *ROG 5LQJ
)HDWXULQJ RQH RYDO FRUDO FDERFKRQ DFFHQWHG E\ RQH GLDPRQG VHW LQ D N ZKLWH JROG PRXQWLQJ
)HDWXULQJ RQH UHFWDQJXODU FXW FLWULQH IODQNHG E\ WZR EXII WRSSHG JDUQHWV VHW LQ D N \HOORZ JROG PRXQWLQJ
(VWLPDWH
(VWLPDWH &RUDO 'LDPRQG N :KLWH *ROG 3HQGDQW
6KHOO &DPHR 'LDPRQG N <HOORZ *ROG 5LQJ
)HDWXULQJ RQH SHDU FXW FRUDO FDERFKRQ DFFHQWHG E\ WZR IXOO FXW GLDPRQGV ZHLJKLQJ D WRWDO RI DSSUR[LPDWHO\ FWWZ VHW LQ D N ZKLWH JROG PRXQWLQJ
&HQWHULQJ RQH VKHOO FDPHR GHSLFWLQJ WKH SURILOH RI D ODG\ DFFHQWHG E\ RQH IXOO FXW GLDPRQG ZHLJKLQJ DSSUR[LPDWHO\ FWWZ VHW LQ D N \HOORZ JROG PRXQWLQJ
(VWLPDWH
(VWLPDWH 'LDPRQG N :KLWH *ROG 5LQJ
&ROOHFWLRQ RI $JDWH &XOWXUHG 3HDUO N <HOORZ *ROG 6LOYHU -HZHOU\
)HDWXULQJ HOHYHQ SULQFHVV FXW GLDPRQGV ZHLJKLQJ D WRWDO RI DSSUR[LPDWHO\ FWWZ VHW LQ D N ZKLWH JROG PRXQWLQJ
(VWLPDWH
(VWLPDWH 'LDPRQG N :KLWH *ROG 3HQGDQW
3DLU RI &LWULQH 6PRN\ 4XDUW] N <HOORZ *ROG (DUULQJV
)HDWXULQJ WZHQW\ HLJKW IXOO FXW DQG QLQH SULQFHVV FXW GLDPRQGV ZHLJKLQJ D WRWDO RI DSSUR[LPDWHO\ FWWZ VHW LQ D N ZKLWH JROG FURVV PRXQWLQJ
(VWLPDWH
,QFOXGLQJ RQH FDUQHOLDQ EHDG N \HOORZ JROG LQFK QHFNODFH RQH FDUQHOLDQ VLOYHU JLOW LQFK SHQGDQW QHFNODFH WRJHWKHU ZLWK D JUDGXDWLQJ FXOWXUHG SHDUO N \HOORZ JROG LQFK QHFNODFH
(DFK IHDWXUHV RQH SHDU FXW VPRN\ TXDUW] DQG RQH RYDO FXW FLWULQH VHW LQ D N \HOORZ JROG PRXQWLQJ
(VWLPDWH &LWULQH N <HOORZ *ROG 5LQJ )HDWXULQJ DQ DV\PPHWULF FXW FLWULQH VHW LQ D N \HOORZ JROG PRXQWLQJ
(VWLPDWH
)RU PXOWLSOH YLHZV DQG FRORU SKRWRV JR WR FDWDORJ PLFKDDQV FRP
3DJH
$ 0D\ (VWDWH $XFWLRQ &ROOHFWLRQ RI )RXU 3DLUV RI 2Q\[ N <HOORZ *ROG (DUULQJV
(VWLPDWH
,QFOXGLQJ D SDLU RI N JROG SLHUFHG GRXEOH WHDU GURS HDUULQJV PHDVXULQJ DSSUR[LPDWHO\ PP LQ OHQJWK D SDLU RI WHDU GURS SLHUFHG HDUULQJV PHDVXULQJ DSSUR[LPDWHO\ [ PP D SDLU RI FUHVFHQW PRRQ KRRS HDUULQJV PHDVXULQJ DSSUR[LPDWHO\ [ PP WRJHWKHU ZLWK D SDLU RI JROG KRRS ZLWK RQ\[ WHDUGURS HDUULQJV PHDVXULQJ DSSUR[LPDWHO\ PP LQ OHQJWK
&ROOHFWLRQ RI 7ZR 3DLUV RI 2Q\[ <HOORZ *ROG (DUULQJV ,QFOXGLQJ RQH SDLU RI N \HOORZ JROG KRRS HDUULQJV WRJHWKHU ZLWK D SDLU RI EODFN RQ\[ N \HOORZ JROG HDUULQJV
(VWLPDWH 0RWKHU RI 3HDUO &DPHR 'LDPRQG N <HOORZ *ROG %URRFK )HDWXULQJ RQH RYDO PRWKHU RI SHDUO FDPHR GHSLFWLQJ D ODG\ DFFHQWHG E\ WZHOYH IXOO FXW GLDPRQGV ZHLJKLQJ D WRWDO RI DSSUR[LPDWHO\ FWWZ VHW LQ D N \HOORZ JROG PRXQWLQJ
'LDPRQG %ODFN 2Q\[ N <HOORZ *ROG 5LQJ )HDWXULQJ RQH IXOO FXW GLDPRQG ZHLJKLQJ DSSUR[LPDWHO\ FW DFFHQWHG E\ EODFN RQ\[ VHW LQ D N \HOORZ JROG PRXQWLQJ
(VWLPDWH
&ROOHFWLRQ RI (QDPHO 6WHUOLQJ 6LOYHU N <HOORZ *ROG -HZHOU\
(VWLPDWH
,QFOXGLQJ RQH SDLU RI VWHUOLQJ VLOYHU N \HOORZ JROG HDUULQJV RQH HQDPHO N \HOORZ JROG GLVF SHQGDQW WRJHWKHU ZLWK RQH JODVV N \HOORZ JROG RZO SHQGDQW
2SDO %ODFN 2Q\[ N <HOORZ *ROG 5LQJ )HDWXULQJ WKUHH RSDO VHJPHQWV DFFHQWHG E\ HLJKW EODFN RQ\[ ZHGJHV DOO LQODLG LQ D N \HOORZ JROG PRXQWLQJ
(VWLPDWH
&ROOHFWLRQ RI 0XOWL 6WRQH N <HOORZ *ROG -HZHOU\
(VWLPDWH &XOWXUHG 3HDUO %ODFN 2Q\[ N <HOORZ *ROG 3HQGDQW )HDWXULQJ RQH KHSWDJRQDO EODFN RQ\[ SODTXH PHDVXULQJ DSSUR[LPDWHO\ [ PP FHQWHULQJ RQH PP FXOWXUHG SHDUO VHW LQ D N \HOORZ JROG PRXQWLQJ
(VWLPDWH
,QFOXGLQJ RQH SDLU RI JDUQHW SHULGRW FLWULQH EOXH WRSD] DPHWK\VW N \HOORZ JROG HDUULQJV RQH SDLU RI QDWXUDO JROG QXJJHW N \HOORZ JROG HDUULQJV RQH SDLU RI N \HOORZ JROG KRRS HDUULQJV WRJHWKHU ZLWK WKUHH N \HOORZ JROG FDUWRXFKH SHQGDQWV
(VWLPDWH
)RU PXOWLSOH YLHZV DQG FRORU SKRWRV JR WR FDWDORJ PLFKDDQV FRP
3DJH
$ 0D\ (VWDWH $XFWLRQ &ROOHFWLRQ RI 7ZR 0XOWL 6WRQH N <HOORZ *ROG %UDFHOHWV
%OXH 7RSD] 'LDPRQG N <HOORZ *ROG 5LQJ
,QFOXGLQJ RQH FLWULQH N \HOORZ JROG LQFK EUDFHOHW WRJHWKHU ZLWK RQH DPHWK\VW EOXH WRSD] SHULGRW FLWULQH JDUQHW N \HOORZ JROG LQFK EUDFHOHW
&HQWHULQJ RQH RYDO FXW EOXH WRSD] DFFHQWHG E\ HLJKW IXOO FXW GLDPRQGV ZHLJKLQJ D WRWDO RI DSSUR[LPDWHO\ FWWZ VHW LQ D N \HOORZ JROG PRXQWLQJ
(VWLPDWH
(VWLPDWH 0XOWL 6WRQH 'LDPRQG <HOORZ *ROG -HZHOU\ 6XLWH
(VWLPDWH
,QFOXGLQJ RQH SDLU RI GDQJOH HDUULQJV IHDWXULQJ RQH KHDUW VKDSHG FLWULQH EOXH WRSD] DQG DPHWK\VW VHW LQ DQ N \HOORZ JROG PRXQWLQJ WRJHWKHU ZLWK DQ DPHWK\VW SHULGRW EOXH WRSD] FLWULQH GLDPRQG N \HOORZ JROG KHDUW VKDSHG SHQGDQW VXVSHQGLQJ IURP DQ LQFK FKDLQ
&ROOHFWLRQ RI 7ZR 3DLUV RI %OXH 7RSD] N <HOORZ *ROG (DUULQJV ,QFOXGLQJ RQH SDLU RI EOXH WRSD] N \HOORZ JROG EODFN KLOOV JROG HDUULQJV WRJHWKHU ZLWK RQH SDLU RI EOXH WRSD] N \HOORZ JROG HDUULQJV
(VWLPDWH $TXDPDULQH 'LDPRQG N <HOORZ *ROG -HZHOU\ 6XLWH
0XOWL 6WRQH N <HOORZ *ROG %UDFHOHW )HDWXULQJ WZR URXQG FXW DPHWK\VW EOXH WRSD] JDUQHWV RQH URXQG FXW SHULGRW VHW LQ D N \HOORZ JROG EDQJOH PRXQWLQJ
,QFOXGLQJ RQH RYDO FXW DTXDPDULQH N \HOORZ JROG LQFK EUDFHOHW WRJHWKHU ZLWK RQH RYDO FXW DTXDPDULQH GLDPRQG N \HOORZ JROG SHQGDQW
(VWLPDWH
(VWLPDWH 2SDO N <HOORZ *ROG 5LQJ &ROOHFWLRQ RI 7ZR $PHWK\VW N <HOORZ *ROG (DUULQJV ,QFOXGLQJ RQH SDLU RI URXQG FXW DPHWK\VW N \HOORZ JROG HDUULQJV WRJHWKHU ZLWK D SDLU RI RYDO FXW DPHWK\VW N \HOORZ JROG GURS VW\OH HDUULQJV
)HDWXULQJ VL[ RYDO DQG WHQ URXQG RSDO FDERFKRQV VHW LQ D N \HOORZ JROG PRXQWLQJ
(VWLPDWH
(VWLPDWH 3DLU RI 2SDO 'LDPRQG 6LOYHU *LOW (DUULQJV (DFK IHDWXUHV RQH SHDU RSDO FDERFKRQ DFFHQWHG E\ WKLUW\ VL[ URVH FXW GLDPRQGV VHW LQ D VLOYHU JLOW )UHQFK KRRN GURS PRXQWLQJ
(VWLPDWH
)RU PXOWLSOH YLHZV DQG FRORU SKRWRV JR WR FDWDORJ PLFKDDQV FRP
3DJH
$ 0D\ (VWDWH $XFWLRQ 2SDO 'LDPRQG 6LOYHU *LOW 6LOYHU 3HQGDQW 1HFNODFH
(VWLPDWH
&HQWHULQJ RQH URXQG RSDO FDERFKRQ PHDVXULQJ DSSUR[LPDWHO\ PP DFFHQWHG E\ VL[W\ IRXU URXQG FXW GLDPRQGV ZHLJKLQJ D WRWDO RI DSSUR[LPDWHO\ FWWZ VHW LQ D VLOYHU JLOW PRXQWLQJ VXVSHQGHG IURP D LQFK VLOYHU FKDLQ
&ROOHFWLRQ RI 7ZR 6DSSKLUH 'LDPRQG N <HOORZ *ROG 5LQJV ,QFOXGLQJ RQH VDSSKLUH N \HOORZ JROG HWHUQLW\ EDQG VL]H WRJHWKHU ZLWK RQH VDSSKLUH GLDPRQG N \HOORZ JROG ULQJ VL]H
(VWLPDWH &ROOHFWLRQ RI 7ZR 6DSSKLUH 5XE\ 'LDPRQG N <HOORZ *ROG 5LQJV
2SDO N <HOORZ *ROG 5LQJ )HDWXULQJ ILYH RYDO DQG QLQH URXQG RSDO FDERFKRQV VHW LQ D N \HOORZ JROG PRXQWLQJ
(VWLPDWH
(VWLPDWH (PHUDOG 'LDPRQG N <HOORZ *ROG 5LQJ )HDWXULQJ WKUHH HPHUDOG FXW HPHUDOGV ZHLJKLQJ D WRWDO RI DSSUR[LPDWHO\ FWWZ DFFHQWHG E\ IRXU IXOO FXW GLDPRQGV ZHLJKLQJ D WRWDO RI DSSUR[LPDWHO\ FWWZ VHW LQ D N \HOORZ JROG PRXQWLQJ
6DSSKLUH 'LDPRQG N <HOORZ *ROG 5LQJ
(VWLPDWH
3RUWUDLW N <HOORZ *ROG 3HQGDQW %URRFK
,QFOXGLQJ RQH RYDO FXW VDSSKLUH ZHLJKLQJ DSSUR[LPDWHO\ FWV VXUURXQGHG E\ VL[WHHQ IXOO FXW GLDPRQGV ZHLJKLQJ D WRWDO RI DSSUR[LPDWHO\ FWWZ VHW LQ D N \HOORZ JROG PRXQWLQJ VL]H WRJHWKHU ZLWK RQH RYDO FXW UXE\ ZHLJKLQJ DSSUR[LPDWHO\ FW VXUURXQGHG E\ WZHOYH IXOO FXW GLDPRQGV ZHLJKLQJ D WRWDO RI DSSUR[LPDWHO\ FWWZ VHW LQ D N \HOORZ JROG PRXQWLQJ VL]H
(VWLPDWH
)HDWXULQJ RQH RYDO SDLQWHG SRUWUDLW GHSLFWLQJ D ODG\ VHW LQ D N \HOORZ JROG WZLVW IUDPHG PRXQWLQJ
)HDWXULQJ ILYH PDUTXLVH FXW VDSSKLUHV ZHLJKLQJ D WRWDO RI DSSUR[LPDWHO\ FWWZ DFFHQWHG E\ WZHOYH VLQJOH FXW GLDPRQGV ZHLJKLQJ D WRWDO RI DSSUR[LPDWHO\ FWWZ VHW LQ D N \HOORZ JROG PRXQWLQJ
6DSSKLUH 'LDPRQG N <HOORZ *ROG 5LQJ
(VWLPDWH
&HQWHULQJ RQH URXQG FXW VDSSKLUH ZHLJKLQJ DSSUR[LPDWHO\ FW VXUURXQGHG E\ WZHOYH IXOO FXW GLDPRQGV ZHLJKLQJ D WRWDO RI DSSUR[LPDWHO\ FWWZ VHW LQ D N \HOORZ JROG PRXQWLQJ
(VWLPDWH
)RU PXOWLSOH YLHZV DQG FRORU SKRWRV JR WR FDWDORJ PLFKDDQV FRP
3DJH
$ 0D\ (VWDWH $XFWLRQ 6DSSKLUH N <HOORZ *ROG %UDFHOHW
6DSSKLUH 'LDPRQG N <HOORZ *ROG 5LQJ
)HDWXULQJ IRXUWHHQ URXQG FXW VDSSKLUHV ZHLJKLQJ D WRWDO RI DSSUR[LPDWHO\ FWWZ VHW LQ D N \HOORZ JROG LQFK EUDFHOHW
&HQWHULQJ RQH SHDU FXW VDSSKLUH ZHLJKLQJ DSSUR[LPDWHO\ FW VXUURXQGHG E\ ILIWHHQ IXOO FXW GLDPRQGV ZHLJKLQJ D WRWDO RI DSSUR[LPDWHO\ FWWZ VHW LQ D N \HOORZ JROG PRXQWLQJ
(VWLPDWH
(VWLPDWH 6DSSKLUH N <HOORZ *ROG %UDFHOHW
5XE\ 'LDPRQG N <HOORZ *ROG 5LQJ
)HDWXULQJ ILIWHHQ URXQG FXW VDSSKLUH ZHLJKLQJ D WRWDO RI DSSUR[LPDWHO\ FWWZ VHW LQ D N \HOORZ JROG DUWLFXODWHG LQFK PRXQWLQJ
&HQWHULQJ RQH RYDO FXW UXE\ ZHLJKLQJ DSSUR[LPDWHO\ FW IODQNHG E\ ILYH PDUTXLVH FXW GLDPRQGV ZHLJKLQJ D WRWDO RI DSSUR[LPDWHO\ FWWZ VHW LQ DQ N \HOORZ JROG PRXQWLQJ
(VWLPDWH
(VWLPDWH 5XE\ 'LDPRQG N <HOORZ *ROG 5LQJ
6DSSKLUH 'LDPRQG N <HOORZ *ROG 5LQJ
&HQWHULQJ RQH RYDO FXW UXE\ VXUURXQGHG E\ WHQ IXOO FXW GLDPRQGV ZHLJKLQJ D WRWDO RI DSSUR[LPDWHO\ FWWZ VHW LQ DQ N \HOORZ JROG PRXQWLQJ
(VWLPDWH
)HDWXULQJ RQH RYDO FXW VDSSKLUH ZHLJKLQJ DSSUR[LPDWHO\ FW DFFHQWHG E\ WKLUW\ VL[ IXOO FXW GLDPRQGV ZHLJKLQJ D WRWDO RI DSSUR[LPDWHO\ FWWZ VHW LQ D N \HOORZ JROG PRXQWLQJ
(VWLPDWH 6DSSKLUH 'LDPRQG N <HOORZ *ROG 5LQJ
6DSSKLUH N <HOORZ *ROG 5LQJ
&HQWHULQJ RQH RYDO VDSSKLUH ZHLJKLQJ DSSUR[LPDWHO\ FW VXUURXQGHG E\ WZHOYH IXOO FXW GLDPRQGV ZHLJKLQJ D WRWDO RI DSSUR[LPDWHO\ FWWZ VHW LQ D N \HOORZ JROG PRXQWLQJ
(VWLPDWH
)HDWXULQJ QLQHWHHQ IXOO FXW VDSSKLUHV ZHLJKLQJ D WRWDO RI DSSUR[LPDWHO\ FWWZ VHW LQ D N \HOORZ JROG PRXQWLQJ
(VWLPDWH 6DSSKLUH 'LDPRQG N <HOORZ *ROG 5LQJ &HQWHULQJ RQH PDUTXLVH FXW VDSSKLUH ZHLJKLQJ DSSUR[LPDWHO\ FW DFFHQWHG E\ IRXUWHHQ VLQJOH FXW GLDPRQGV ZHLJKLQJ D WRWDO RI DSSUR[LPDWHO\ FWWZ VHW LQ D N \HOORZ JROG PRXQWLQJ
(VWLPDWH
)RU PXOWLSOH YLHZV DQG FRORU SKRWRV JR WR FDWDORJ PLFKDDQV FRP
3DJH
$ 0D\ (VWDWH $XFWLRQ
(VWLPDWH
6DSSKLUH 'LDPRQG N <HOORZ *ROG 5LQJ
&XOWXUHG 3HDUO N :KLWH *ROG -HZHOU\ 6XLWH
&HQWHULQJ RQH RYDO FXW VDSSKLUH ZHLJKLQJ DSSUR[LPDWHO\ FW IODQNHG E\ WZR EDJXHWWH FXW DQG HLJKWHHQ VLQJOH FXW GLDPRQGV ZHLJKLQJ D WRWDO RI DSSUR[LPDWHO\ FWWZ VHW LQ D N \HOORZ JROG PRXQWLQJ
,QFOXGLQJ D VWUDQG RI PP FXOWXUHG SHDUOV FRPSOHWHG E\ D N ZKLWH JROG FODVS IRUPLQJ D LQFK QHFNODFH WRJHWKHU ZLWK D SDLU RI FXOWXUHG SHDUO N ZKLWH JROG QRQ SLHUFHG HDUULQJV
(VWLPDWH
%OLVWHU 3HDUO N <HOORZ *ROG 3HQGDQW (QKDQFHU
5XE\ 'LDPRQG N <HOORZ *ROG 5LQJ
)HDWXULQJ RQH GURS VKDSHG EOLVWHU SHDUO PHDVXULQJ DSSUR[LPDWHO\ [ PP VHW LQ D N \HOORZ JROG HQKDQFHU EDLO PRXQWLQJ
&HQWHULQJ RQH SHDU FXW UXE\ DFFHQWHG E\ WKLUW\ EDJXHWWH FXW DQG WZHOYH IXOO FXW GLDPRQGV ZHLJKLQJ D WRWDO RI DSSUR[LPDWHO\ FWWZ VHW LQ D N \HOORZ JROG PRXQWLQJ
(VWLPDWH
(VWLPDWH
&ROOHFWLRQ RI )LYH &XOWXUHG 3HDUO %ODFN 2Q\[ 'LDPRQG <HOORZ *ROG 5LQJV
*DUQHW 'LDPRQG N <HOORZ *ROG 5LQJ )HDWXULQJ RQH FXVKLRQ FXW JDUQHW ZHLJKLQJ DSSUR[LPDWHO\ FWV DFFHQWHG E\ WZR URXQG FXW GLDPRQGV ZHLJKLQJ D WRWDO RI DSSUR[LPDWHO\ FWWZ VHW LQ D N \HOORZ JROG PRXQWLQJ
(VWLPDWH
(VWLPDWH
N <HOORZ *ROG 1HFNODFH
'LDPRQG N <HOORZ *ROG 1HFNODFH
7KH IODW DUWLFXODWHG N \HOORZ JROG QHFNODFH PHDVXUHV DSSUR[LPDWHO\ PP LQ ZLGWK DQG LQFKHV LQ OHQJWK DQG LV FRPSOHWHG ZLWK D WRQJXH DQG JURRYH FODVS ZLWK VDIHW\
(VWLPDWH
,QFOXGLQJ RQH EODFN RQ\[ GLDPRQG N \HOORZ JROG ULQJ VL]H RQH FXOWXUHG SHDUO GLDPRQG N \HOORZ JROG ULQJ VL]H RQH N \HOORZ JROG EDQG VL]H RQH N \HOORZ JROG EDQG VL]H WRJHWKHU ZLWK RQH N \HOORZ JROG EDQG VL]H
)HDWXULQJ WZHQW\ IRXU EDJXHWWH FXW DQG ILYH IXOO FXW GLDPRQGV ZHLJKLQJ D WRWDO RI DSSUR[LPDWHO\ FWWZ VHW LQ D N \HOORZ JROG PRXQWLQJ
(VWLPDWH
)RU PXOWLSOH YLHZV DQG FRORU SKRWRV JR WR FDWDORJ PLFKDDQV FRP
3DJH
$ 0D\ (VWDWH $XFWLRQ 'LDPRQG N <HOORZ *ROG 5LQJ
&XOWXUHG 3HDUO N <HOORZ *ROG %UDFHOHW
)HDWXULQJ HLJKW IXOO FXW GLDPRQGV ZHLJKLQJ D WRWDO RI DSSUR[LPDWHO\ FWWZ VHW LQ D N \HOORZ JROG PRXQWLQJ
)HDWXULQJ WZHQW\ IRXU PP FXOWXUHG SHDUOV VHW LQ D N \HOORZ JROG KLQJHG EDQJOH PRXQWLQJ
(VWLPDWH
(VWLPDWH 'LDPRQG N *ROG ULQJ
&XOWXUHG 3HDUO N <HOORZ *ROG 3HQGDQW (QKDQFHU
)HDWXULQJ WKUHH IXOO FXW GLDPRQGV ZHLJKLQJ D WRWDO RI DSSUR[LPDWHO\ FWWZ VHW LQ D N \HOORZ JROG PRXQWLQJ
(VWLPDWH
(VWLPDWH 'LDPRQG N <HOORZ *ROG 5LQJ
-DGH &XOWXUHG 3HDUO 9HUPHLO 1HFNODFH
)HDWXULQJ HLJKW EDJXHWWH FXW DQG WKUHH IXOO FXW GLDPRQGV ZHLJKLQJ D WRWDO RI DSSUR[LPDWHO\ FWWZ VHW LQ D N \HOORZ JROG PRXQWLQJ
&RPSRVHG RI D FRPELQDWLRQ RI JUHHQ MDGH EHDGV ODYHQGHU MDGH EHDGV FXOWXUHG SHDUOV DQG YHUPHLO DFFHQWV IRUPLQJ D LQFK QHFNODFH
(VWLPDWH
(VWLPDWH
)HDWXULQJ RQH IUHVKZDWHU FXOWXUHG SHDUO PHDVXULQJ DSSUR[LPDWHO\ [ [ PP VHW LQ D N \HOORZ JROG HQKDQFHU EDLO PRXQWLQJ
(VWLPDWH 0DEH &XOWXUHG 3HDUO 'LDPRQG N <HOORZ *ROG -HZHOU\ 6XLWH
-DGH N <HOORZ *ROG -HZHOU\ 6XLWH
,QFOXGLQJ RQH SDLU RI PDEH FXOWXUHG SHDUO GLDPRQG N \HOORZ JROG HDUULQJV WRJHWKHU ZLWK RQH SHDU VKDSHG PDEH FXOWXUHG SHDUO GLDPRQG N \HOORZ JROG SHQGDQW HQKDQFHU 7RWDO GLDPRQG ZHLJKW LV DSSUR[LPDWHO\ FWWZ
,QFOXGLQJ RQH MDGHLWH PP EHDG FRPSOHWHG E\ D N \HOORZ JROG LQFK QHFNODFH WRJHWKHU ZLWK D FDUYHG MDGHLWH N \HOORZ JROG SHQGDQW
(VWLPDWH &ROOHFWLRQ RI 7KUHH -DGH %HDG 0HWDO 1HFNODFHV
&XOWXUHG 3HDUO N <HOORZ *ROG 1HFNODFH
&RPSRVHG RI D PXOWLFRORUHG MDGH PP EHDG FRQWLQXRXV LQFK QHFNODFH RQH PP MDGH EHDG PHWDO LQFK QHFNODFH WRJHWKHU ZLWK RQH PP MDGH EHDG PHWDO LQFK QHFNODFH
&RPSRVHG RI IRUW\ WZR PP FXOWXUHG SHDUOV FRPSOHWHG E\ D N \HOORZ JROG ILVK KRRN FODVS IRUPLQJ D LQFK QHFNODFH
(VWLPDWH
(VWLPDWH
)RU PXOWLSOH YLHZV DQG FRORU SKRWRV JR WR FDWDORJ PLFKDDQV FRP
3DJH
$ 0D\ (VWDWH $XFWLRQ &ROOHFWLRQ RI 7ZR 3DLUV RI &RUDO -DGH N *ROG (DUULQJV
&ROOHFWLRQ RI -DGH N <HOORZ *ROG -HZHOU\
,QFOXGLQJ RQH SDLU RI SHDU VKDSHG FRUDO N ZKLWH JROG GURS HDUULQJV WRJHWKHU ZLWK RQH SDLU RI MDGH FDERFKRQ N \HOORZ JROG HDUULQJV
,QFOXGLQJ RQH SDLU RI RYDO MDGHLWH FDERFKRQ N \HOORZ JROG QRQ SLHUFHG HDUULQJV RQH QHSKULWH N \HOORZ JROG KLQJHG EDQJOH WRJHWKHU ZLWK RQH QHSKULWH N \HOORZ JROG FOXVWHU ULQJ VL]H
(VWLPDWH
(VWLPDWH &ROOHFWLRQ RI &RUDO 'LDPRQG *ROG 3HQGDQWV
-DGH *ROG 3ODWHG +HPDWLWH 9HUPHLO 1HFNODFH
,QFOXGLQJ RQH RYDO FRUDO N \HOORZ JROG SHQGDQW WRJHWKHU ZLWK RQH RYDO FRUDO FDERFKRQ GLDPRQG N ZKLWH JROG SHQGDQW
)HDWXULQJ D FDUYHG MDGHLWH SHQGDQW PHDVXULQJ DSSUR[LPDWHO\ [ PP VXVSHQGHG IURP D LQFK QHFNODFH FRPSRVHG RI MDGH DQG JROG SODWHG KHPDWLWH EHDGV
(VWLPDWH
(VWLPDWH
(VWLPDWH 6HUSHQWLQH -DGH 2Q\[ 9HUPHLO 1HFNODFH
&RUDO 'LDPRQG N <HOORZ *ROG 3HQGDQW
9HUPHLO QHFNODFH IHDWXULQJ D FDUYHG QHSKULWH LQILQLW\ NQRW SHQGDQW PHDVXULQJ DSSUR[LPDWHO\ [ PP VXVSHQGHG IURP D LQFK QHFNODFH FRPSRVHG RI RQ\[ EHDGV PHDVXULQJ DSSUR[LPDWHO\ PP DQG MDGH EHDGV PHDVXULQJ DSSUR[LPDWHO\ PP FRPSOHWHG ZLWK YHUPHLO KRRN DQG H\H
)HDWXULQJ RQH RYDO FRUDO FDERFKRQ DFFHQWHG E\ VL[ IXOO FXW GLDPRQGV ZHLJKLQJ D WRWDO RI DSSUR[LPDWHO\ FWWZ VHW LQ D N \HOORZ JROG PRXQWLQJ
(VWLPDWH &ROOHFWLRQ RI 7ZR -DGH &XOWXUHG 3HDUO 'LDPRQG *ROG ,WHPV
3DLU RI -DGH N <HOORZ *ROG (DUULQJV (DFK IHDWXUHV RQH FDUYHG DQG SLHUFHG MDGH SODTXH PHDVXULQJ DSSUR[LPDWHO\ [ [ PP VXVSHQGHG IURP D N \HOORZ JROG DUWLFXODWHG PRXQWLQJ
,QFOXGLQJ RQH RYDO MDGH FDERFKRQ N \HOORZ JROG SHQGDQW WRJHWKHU ZLWK RQH SDLU RI FXOWXUHG SHDUO GLDPRQG N ZKLWH JROG HDUULQJV
(VWLPDWH
(VWLPDWH
)RU PXOWLSOH YLHZV DQG FRORU SKRWRV JR WR FDWDORJ PLFKDDQV FRP
3DJH
$ 0D\ (VWDWH $XFWLRQ &XOWXUHG 3HDUO N <HOORZ *ROG -HZHOU\ 6XLWH
(VWLPDWH
,QFOXGLQJ RQH LQFK QHFNODFH FRPSRVHG RI IRUW\ IRXU FXOWXUHG SHDUOV FRPSOHWHG E\ D N \HOORZ JROG FODVS RQH SDLU RI FXOWXUHG SHDUO GLDPRQG N \HOORZ JROG HDUULQJV WRJHWKHU ZLWK RQH SDLU RI FXOWXUHG SHDUO N \HOORZ JROG VWXGV
&ROOHFWLRQ RI 7ZR -DGH N <HOORZ *ROG 3HQGDQWV DQG &KDLQ ,QFOXGLQJ RQH FDUYHG MDGHLWH N \HOORZ JROG ILVK SHQGDQW RQH RYDO MDGHLWH FDERFKRQ N \HOORZ JROG SHQGDQW WRJHWKHU ZLWK D N \HOORZ JROG RSHQ OLQN LQFK FKDLQ
(VWLPDWH
-DGH N <HOORZ *ROG 5LQJ
&RUDO 'LDPRQG N <HOORZ *ROG 3HQGDQW
)HDWXULQJ RQH RYDO MDGHLWH FDERFKRQ PHDVXULQJ DSSUR[LPDWHO\ [ PP VHW LQ D N \HOORZ JROG PRXQWLQJ
&HQWHULQJ RQH SHDU FRUDO FDERFKRQ DFFHQWHG E\ RQH URXQG FXW GLDPRQG VHW LQ D N \HOORZ JROG PRXQWLQJ
(VWLPDWH
(VWLPDWH
&RUDO 'LDPRQG N <HOORZ *ROG 3HQGDQW
-DGH N <HOORZ *ROG 1HFNODFH
)HDWXULQJ RQH RYDO FRUDO FDERFKRQ DFFHQWHG E\ WKUHH IXOO FXW GLDPRQGV ZHLJKLQJ D WRWDO RI DSSUR[LPDWHO\ FWWZ VHW LQ D N \HOORZ JROG PRXQWLQJ
&RPSRVHG RI WKLUW\ IRXU MDGHLWH PP EHDGV FRPSOHWHG E\ D N \HOORZ JROG FODVS IRUPLQJ D LQFK QHFNODFH
(VWLPDWH
(VWLPDWH
(VWLPDWH
-DGH 9HUPHLO 1HFNODFH
&RUDO 'LDPRQG N :KLWH *ROG 3HQGDQW
&RPSRVHG RI D FRPELQDWLRQ RI FDUYHG ODYHQGHU DQG JUHHQ MDGH WRJHWKHU ZLWK YHUPHLO DFFHQWV IRUPLQJ D LQFK QHFNODFH
)HDWXULQJ RQH SHDU VKDSHG FRUDO FDERFKRQ DFFHQWHG E\ RQH GLDPRQG VHW LQ D N ZKLWH JROG PRXQWLQJ
(VWLPDWH -DGH &XOWXUHG 3HDUO 9HUPHLO 1HFNODFH )HDWXULQJ D FDUYHG MDGH SHQGDQW PHDVXULQJ DSSUR[LPDWHO\ [ PP VXVSHQGHG IURP D LQFK QHFNODFH FRPSRVHG RI MDGH EHDGV DQG FXOWXUHG SHDUOV ZLWK YHUPHLO DFFHQWV
(VWLPDWH
)RU PXOWLSOH YLHZV DQG FRORU SKRWRV JR WR FDWDORJ PLFKDDQV FRP
3DJH
$ 0D\ (VWDWH $XFWLRQ &ROOHFWLRQ RI 7ZR '\HG -DGH %DQJOHV
'LDPRQG N <HOORZ *ROG 5LQJ )HDWXULQJ HLJKW IXOO FXW GLDPRQGV ZHLJKLQJ D WRWDO RI DSSUR[LPDWHO\ FWWZ VHW LQ D N \HOORZ JROG PRXQWLQJ
(VWLPDWH
(VWLPDWH N <HOORZ *ROG -HZHOU\ 6XLWH
'LDPRQG N <HOORZ *ROG 5LQJ
,QFOXGLQJ RQH WULFRORU DUWLFXODWHG OLQN LQFK EUDFHOHW PHDVXULQJ DSSUR[LPDWHO\ PP FRPSOHWHG E\ D WRQJXH DQG JURRYH FODVS ZLWK WZR ILJXUH HLJKW VDIHWLHV WRJHWKHU ZLWK WZR SDLUV RI PDWFKLQJ WULFRORU ]LJ]DJ VW\OH DQG WDSHUHG GURS HDUULQJV
(VWLPDWH
(VWLPDWH
)HDWXULQJ VHYHQ URXQG FXW GLDPRQGV VHW LQ D N \HOORZ JROG PRXQWLQJ
(VWLPDWH
&ROOHFWLRQ RI )RXU N <HOORZ *ROG %UDFHOHWV
'LDPRQG N <HOORZ *ROG 5LQJ
,QFOXGLQJ D EUDLG FKDLQ EUDFHOHW PHDVXULQJ DSSUR[LPDWHO\ LQFKHV LQ OHQJWK D IODW OLQN EUDFHOHW PHDVXULQJ DSSUR[LPDWHO\ LQFKHV LQ OHQJWK D GRXEOH URSH OLQN EUDFHOHW PHDVXULQJ DSSUR[LPDWHO\ LQFKHV LQ OHQJWK WRJHWKHU ZLWK D URXQG OLQN EUDFHOHW PHDVXULQJ DSSUR[LPDWHO\ PP LQ ZLGWK DQG LQFKHV LQ OHQJWK
)HDWXULQJ VHYHQ IXOO FXW GLDPRQGV ZHLJKLQJ D WRWDO RI DSSUR[LPDWHO\ FWWZ VHW LQ D N \HOORZ JROG PRXQWLQJ
(VWLPDWH &DW V (\H 4XDUW] N <HOORZ *ROG 5LQJ )HDWXULQJ RQH FDW V H\H TXDUW] PHDVXULQJ DSSUR[LPDWHO\ PP VHW LQ D N \HOORZ JROG PRXQWLQJ
&ROOHFWLRQ RI 7KUHH 3DLUV RI 'LDPRQG N <HOORZ *ROG (DUULQJV
(VWLPDWH
,QFOXGLQJ RQH SDLU RI GLDPRQG VWXG N \HOORZ JROG HDUULQJV RQH SDLU RI GLDPRQG SLQZKHHO N \HOORZ JROG HDUULQJV WRJHWKHU ZLWK RQH SDLU RI GLDPRQG KRRS N \HOORZ JROG HDUULQJV 7RWDO GLDPRQG ZHLJKW LV DSSUR[LPDWHO\ FWWZ
(VWLPDWH 7DQ]DQLWH 'LDPRQG N <HOORZ *ROG 5LQJ &HQWHULQJ RQH RYDO FXW WDQ]DQLWH ZHLJKLQJ DSSUR[LPDWHO\ FW DFFHQWHG E\ IRUW\ WZR URXQG FXW GLDPRQGV ZHLJKLQJ D WRWDO RI DSSUR[LPDWHO\ FWWZ VHW LQ D N \HOORZ JROG PRXQWLQJ
(VWLPDWH
)RU PXOWLSOH YLHZV DQG FRORU SKRWRV JR WR FDWDORJ PLFKDDQV FRP
3DJH
$ 0D\ (VWDWH $XFWLRQ 'LDPRQG N <HOORZ *ROG 5LQJ
'LDPRQG N <HOORZ *ROG %UDFHOHW
)HDWXULQJ WZHQW\ ILYH VLQJOH FXW GLDPRQGV ZHLJKLQJ D WRWDO RI DSSUR[LPDWHO\ FWWZ VHW LQ D N \HOORZ JROG PRXQWLQJ
)HDWXULQJ ILIW\ QLQH IXOO FXW GLDPRQGV ZHLJKLQJ D WRWDO RI DSSUR[LPDWHO\ FWWZ VHW LQ D N \HOORZ JROG LQFK EUDFHOHW
(VWLPDWH
(VWLPDWH &ROOHFWLRQ RI 7ZR N <HOORZ *ROG 5RSH &KDLQV
'LDPRQG N <HOORZ *ROG 5LQJ
,QFOXGLQJ RQH PHDVXULQJ DSSUR[LPDWHO\ PP LQ ZLGWK DQG LQFKHV LQ OHQJWK WRJHWKHU ZLWK RQH PHDVXULQJ DSSUR[LPDWHO\ PP LQ ZLGWK DQG LQFKHV LQ OHQJWK
)HDWXULQJ WZHQW\ RQH IXOO FXW GLDPRQGV VHW LQ D N \HOORZ JROG PRXQWLQJ
(VWLPDWH
(VWLPDWH
(VWLPDWH &ROOHFWLRQ RI 7ZR 3DLUV RI N N <HOORZ *ROG (DUULQJV
'LDPRQG N <HOORZ *ROG 5LQJ
,QFOXGLQJ D SDLU RI N \HOORZ JROG JHRPHWULF GHVLJQ KRRS HDUULQJV PHDVXULQJ DSSUR[LPDWHO\ [ PP ZLWK SRVW DQG SUHVVXUH VWD\ WRJHWKHU ZLWK D SDLU RI N \HOORZ JROG GRXEOH KRRS HDUULQJV PHDVXULQJ DSSUR[LPDWHO\ [ PP ZLWK SRVW DQG SUHVVXUH VWD\
&HQWHULQJ RQH PDUTXLVH FXW GLDPRQG ZHLJKLQJ DSSUR[LPDWHO\ FW IODQNHG E\ WHQ IXOO FXW GLDPRQGV ZHLJKLQJ D WRWDO RI DSSUR[LPDWHO\ FWWZ VHW LQ D N \HOORZ JROG PRXQWLQJ
(VWLPDWH
'LDPRQG N <HOORZ *ROG 5LQJ
'LDPRQG N <HOORZ *ROG 1HFNODFH )HDWXULQJ IRUW\ WZR IXOO FXW GLDPRQGV DFFHQWHG E\ HLJKW EDJXHWWH FXW GLDPRQGV ZHLJKLQJ D WRWDO RI DSSUR[LPDWHO\ FWWZ VHW LQ D N \HOORZ JROG 9 DWWDFKHG WR D ZRYHQ OLQN LQFK FKDLQ
(VWLPDWH
)HDWXULQJ RQH PDUTXLVH FXW GLDPRQG ZHLJKLQJ DSSUR[LPDWHO\ FW DFFHQWHG E\ HOHYHQ EDJXHWWH FXW GLDPRQGV ZHLJKLQJ D WRWDO RI DSSUR[LPDWHO\ FWWZ VHW LQ D N \HOORZ JROG PRXQWLQJ
(VWLPDWH
)RU PXOWLSOH YLHZV DQG FRORU SKRWRV JR WR FDWDORJ PLFKDDQV FRP
3DJH
$ 0D\ (VWDWH $XFWLRQ
(VWLPDWH
'LDPRQG N <HOORZ *ROG 5LQJ
6HW RI &RDOSRUW &KLQD ZLWK &REDOW %OXH *LOW %RUGHUV
&HQWHULQJ RQH URXQG EULOOLDQW FXW GLDPRQG ZHLJKLQJ DSSUR[LPDWHO\ FW IODQNHG E\ IRXUWHHQ EDJXHWWH FXW DQG HLJKW IXOO FXW GLDPRQGV ZHLJKLQJ D WRWDO RI DSSUR[LPDWHO\ FWWZ VHW LQ DQ N \HOORZ JROG PRXQWLQJ
&RPSULVLQJ WHQ GLQQHU SODWHV ^GLDPHWHU LQFKHV` VHYHQ OXQFKHRQ SODWHV ^GLDPHWHU LQFKHV` WZHOYH EUHDG SODWHV ^GLDPHWHU LQFKHV` HLJKW VRXS ERZOV WZHOYH WHDFXSV WZHOYH VDXFHUV VSODW ERZO FRYHUHG VXJDU ERZO UHOLVK GLVK WZR JUDGXDWHG SODWWHUV ^/HQJWK RI ODUJHVW LQFKHV` FRRNLH WUD\ DQG WZHOYH H[WUD GHPLWDVVH FXS VDXFHUV WRJHWKHU ZLWK WZR DVVRFLDWHG $\QVOH\ WHDFXSV DQG VDXFHUV GHVVHUW SODWH DQG D /LPRJHV IUXLW ERZO
(VWLPDWH
7ZR 6XLWHV RI %DYDULDQ *ROG 5LPPHG 6HUYLFH 3ODWHV &RPSULVLQJ WZHOYH 5R\DO %DYDULDQ +XWVFKHQUHXWKHU SODWHV ZLWK IORUDO PHGDOOLRQV DQG QLQH JROG ULPPHG SODWHV PDUNHG %DYDULD ^'LDPHWHU RI HDFK LQFKHV`
6XLWH RI 6L[ 5R\DO :RUFHVWHU 'HPLWDVVH &XSV 6DXFHUV ZLWK JLOW FKHUU\ EORVVRPV DQG FHODGRQ LQWHULRUV ^KHLJKW RI FXSV LQFKHV GLDPHWHU RI VDXFHUV LQFKHV`
(VWLPDWH 5R\DO 9LHQQD 6W\OH /LGGHG 3RUFHODLQ 8UQ
(VWLPDWH
^+HLJKW LQFKHV`
(VWLPDWH 3DLU RI 6HYUHV 6W\OH &RYHUHG 3RUFHODLQ 8UQV ^+HLJKW LQFKHV`
(VWLPDWH
)RU PXOWLSOH YLHZV DQG FRORU SKRWRV JR WR FDWDORJ PLFKDDQV FRP
3DJH
$ 0D\ (VWDWH $XFWLRQ $VVRFLDWHG 6XLWH RI /LPRJHV &KLQD ZLWK JLOW ERUGHUV
(VWLPDWH
&RPSULVLQJ VHYHQ WHDFXSV HOHYHQ VDXFHUV DQG D IRRWHG JUDY\ ERDW E\ : * &R HOHYHQ OXQFKHRQ SODWHV ^GLDPHWHU LQFKHV` HLJKW VDODG SODWHV ^GLDPHWHU LQFKHV` DQG HLJKW VRXS ERZOV E\ & $KUHQIHOGW VXLWH RI WHQ VDODG SODWHV ZLWK GRXEOH JLOW ERUGHUV E\ % &R ^GLDPHWHU LQFKHV` WHQ GLQQHU SODWHV ^GLDPHWHU LQFKHV` VL[ OXQFKHRQ SODWHV ^GLDPHWHU LQFKHV` ILYH VDODG SODWHV ^GLDPHWHU LQFKHV` HLJKW VRXS ERZOV VL[ EUHDG SODWHV IRXU WHDFXSV DQG ILYH VDXFHUV E\ 7KHRGRUH +DYLODQG IRU 6KUHYH &R WHQ GLQQHU SODWHV ^GLDPHWHU LQFKHV` VL[ OXQFKHRQ SODWHV ^GLDPHWHU LQFKHV` ILYH VDODG SODWHV ^GLDPHWHU LQFKHV` VL[ EUHDG SODWHV ILYH WHDFXSV DQG VL[ VDXFHUV E\ *'$ WHQ WHDFXSV DQG WHQ VDXFHUV E\ *'$ &+ )LHOG +DYLODQG WKUHH GLQQHU SODWHV ^GLDPHWHU LQFKHV` IRXU VRXS ERZOV IRXU EUHDG SODWHV WKUHH IUXLW ERZOV WZR FRYHUHG HQWUHH GLVKHV RQH RYDO RQH URXQG DQG DQ RYDO SODWWHU ^OHQJWK LQFKHV` E\ & $KUHQIHOGW IRU +LJJLQV 6HOWHU 1< WRJHWKHU ZLWK VL[ PLVFHOODQHRXV SODWHV DQG WZR WHDFXSV LQ DVVRFLDWHG SDWWHUQV E\ PLVFHOODQHRXV PDNHUV
5R\DO :RUFHVWHU 3LWFKHU DQG D :HGJZRRG 9DVH
'UHVGHQ 3RUFHODLQ )LJXUH RI D &XSLG DQG +HDUWV ^+HLJKW LQFKHV`
(VWLPDWH *HUPDQ 3RUFHODLQ )LJXUDO *URXS RI %DFFKDQWHV ^KHLJKW LQFKHV OHQJWK LQFKHV`
(VWLPDWH $UW 1RXYHDX +DYLODQG &R 3RUFHODLQ 7HD 'HVVHUW 6HUYLFH &RPSULVLQJ HLJKW WHDFXSV VHYHQ VDXFHUV HLJKW GHVVHUW SODWHV ^GLDPHWHU LQFKHV` HLJKW IUXLW ERZOV DQG WZR SODWWHUV ^OHQJWK LQFKHV`
(VWLPDWH
3DLU RI &RQWLQHQWDO %LVTXH )LJXUHV RI D <RXQJ &RXSOH
^+HLJKW RI ZHGJZRRG YDVH LQFKHV`
^+HLJKW RI WDOOHVW LQFKHV`
(VWLPDWH 5R\DO %RQQ &ORFN
(VWLPDWH 5R\DO 'X[ 3RUFHODLQ 1XGH 6HDWHG )LJXUH
^+HLJKW LQFKHV`
^+HLJKW LQFKHV`
(VWLPDWH (VWLPDWH
)RU PXOWLSOH YLHZV DQG FRORU SKRWRV JR WR FDWDORJ PLFKDDQV FRP
3DJH
$ 0D\ (VWDWH $XFWLRQ $UW 1RXYHDX 5R\DO 'X[ 3RUFHODLQ 7ZR +DQGOHG 8UQ ZLWK $SSOLHG 3RSSLHV
%HQHGLFW &RSSHU 7UD\ DQG 7KUHH 9DVHV ZLWK *UHHN VHDOV ^'LDPHWHU RI WUD\ LQFKHV KHLJKW RI WDOOHVW YDVH LQFKHV`
^+HLJKW LQFKHV`
(VWLPDWH
(VWLPDWH 9DQ %ULJJOH %OXH *OD]HG 9DVH
=VROQD\ *LOW (QDPHOHG (ZHU
^+HLJKW LQFKHV`
^+HLJKW LQFKHV`
(VWLPDWH
(VWLPDWH /DUJH %LQJ *URQGDKO 9DVH ZLWK 6DLOERDWV
$UW 1RXYHDX &HUDPLF 0HWDO 2YHUOD\ 9DVH
^+HLJKW LQFKHV`
^+HLJKW LQFKHV`
(VWLPDWH
(VWLPDWH +HUHQG 6WLFN 1HFN 9DVH
0LQWRQ 0DMROLFD 2\VWHU 3ODWH 7RJHWKHU ZLWK 6L[ 3LHFHV RI %HOOHHN &KLQD
^+HLJKW LQFKHV`
&RPSULVLQJ D WHDFXS DQG VDXFHU YDVH DQG FUHDPHU GHFRUDWHG E\ FORYHUV WRJHWKHU ZLWK D FUHDPHU DQG VXJDU ZLWK ERZ
^'LDPHWHU RI 0LQWRQ SODWH LQFKHV`
(VWLPDWH
(VWLPDWH 5RRNZRRG (DJOH %DVHG &RPSRWH ZLWK <HOORZ ,QWHULRU FLUFD
$UW 'HFR %URQ]H )LJXUH RI D &\PEDO 3OD\HU ^+HLJKW LQFKHV`
^+HLJKW LQFKHV GLDPHWHU LQFKHV`
(VWLPDWH
(VWLPDWH
)RU PXOWLSOH YLHZV DQG FRORU SKRWRV JR WR FDWDORJ PLFKDDQV FRP
3DJH
$ 0D\ (VWDWH $XFWLRQ 3DLU RI 5HQDLVVDQFH 5HYLYDO 6LOYHU 3ODWH 3ODTXHV RI &RXUWLQJ &RXSOHV
5HQDLVVDQFH 5HYLYDO *LOW %UDVV 8UQ
*XVWDY *URKH PRXQWHG LQ UHG YHOYHW OLQHG IUDPHV ^'LPHQVLRQV [ LQFKHV`
^+HLJKW LQFKHV`
(VWLPDWH
(VWLPDWH %URQ]H )LJXUH RI 0HUFXU\
)UHQFK $UW 'HFR 6W\OH )LJXUDO /DPS
^+HLJKW LQFKHV`
ZLWK SKRHQL[ DQG JOREH RQ PDUEOH EDVH ^+HLJKW LQFKHV OHQJWK LQFKHV`
(VWLPDWH
(VWLPDWH %URQ]H )LJXUH RI D 0DQ
3DLU RI $UW 'HFR )LJXUDO %RRNHQGV DQG D 3DSHU 0DFKH 7UD\ ZLWK +DQGOH
DIWHU 'DOL ^+HLJKW RQ VWDQG LQFKHV`
^'LDPHWHU RI WUD\ LQFKHV KHLJKW RI ERRNHQGV LQFKHV`
(VWLPDWH
(VWLPDWH 9HUGLJULV 0DVN 6FXOSWXUH RQ 6ODWH %DVH VLJQHG $ 5RG
/RW RI )LYH 3DLUV RI %RRNHQGV ,QFOXGLQJ D SDLU RI 3RPSHLDQ %URQ]H &R GRJV D SDLU RI EUDVV FORZQV D SDLU RI HDJOHV RQ RQ\[ EDVHV ^KHLJKW LQFKHV` D SDLU RI EUDVV ELUGV DQG D SDLU RI *ODG\V %URZQ 'RGJH KRUVHV
^+HLJKW RQ EDVH LQFKHV`
(VWLPDWH
(VWLPDWH %URQ]H )LJXUH RI D )LVKHUPDQ VLJQHG )ROH\
$UDELD )LQODQG :DOUXV DQG D %DFFDUDW )LJXUDO *URXS ZLWK 7ZR 'HHU
^+HLJKW LQFKHV` ^+HLJKW RI ZDOUXV LQFKHV EDFFDUDW SLHFH LQFKHV`
(VWLPDWH
(VWLPDWH
)RU PXOWLSOH YLHZV DQG FRORU SKRWRV JR WR FDWDORJ PLFKDDQV FRP
3DJH
$ 0D\ (VWDWH $XFWLRQ 6L[ &KDUJHUV ZLWK 0DQ LQ WKH 0RRQ 'HVLJQ
$IWHU $UWKXU 3XWKDP %URQ]H RI D &URXFKLQJ 3DQWKHU
LQ WKH VW\OH RI )RUQDVHWWL ^'LDPHWHU LQFKHV`
^+HLJKW RQ EDVH LQFKHV`
(VWLPDWH
(VWLPDWH 7ZR %URQ]H $EVWUDFW 6FXOSWXUHV
(VWLPDWH
2QH ZLWK WZR HQWZLQHG PDOH DQG IHPDOH KDOI WRUVRV FUDGOLQJ DQ LQIDQW DIWHU +HQU\ 0RRUH DQG D VWDLUZD\ FDVW ZLWK DQ DVFHQGLQJ KDOI ILJXUH VLJQHG LQGLVWLQFWO\ ^+HLJKW RI ODUJHU VFXOSWXUH LQFKHV ZLGWK LQFKHV KHLJKW RI VPDOOHU VFXOSWXUH LQFKHV`
$IWHU (PPDQXHO )UHPLHW )UHQFK *LOW %URQ]H )LJXUH RI D 5HFOLQLQJ 6KHSKHUG 'RJ ^+HLJKW LQFKHV OHQJWK LQFKHV`
(VWLPDWH 6L[ )UDPHG 3RUWUDLW 0LQLDWXUHV
)RXU %URQ]H )LJXUDO 1XGHV ,QFOXGLQJ D 5XWK 6Q\GHU DEVWUDFW ILJXUH ^KHLJKW LQFKHV` WZR VPDOO ILJXUHV HQJDJHG LQ SK\VLFDO DFWLYLW\ DQG D ILJXUH ZLWK URSH ^KHLJKW LQFKHV`
(VWLPDWH
(VWLPDWH 6WRQH )LJXUH RI D 6RFFHU 3OD\HU DQG :RRGHQ )LJXUH RI D %RZOHU
*UHFR 5RPDQ 6W\OH %URQ]H )LJXUH RI D )HPDOH 1XGH
E\ 6LF )UDQFH ^+HLJKW RI VRFFHU SOD\HU LQFKHV`
^+HLJKW LQFKHV`
(VWLPDWH
(VWLPDWH
&RPSULVLQJ WKUHH &RQWLQHQWDO SODTXHV RI (PSLUH ODGLHV RQH DIWHU /HEURQ RQH VLJQHG 5 %DWRX 50 DQG RQH 5HOOH WRJHWKHU ZLWK WZR SRUFHODLQ SODTXHV DQG RQH RI D *HQWOHPDQ VLJQHG ^'LPHQVLRQV RI ODUJHVW IUDPH [ LQFKHV`
(VWLPDWH &RQWLQHQWDO %URQ]H RI D 0DQ ZLWK 7ZR *HHVH
)UHQFK + + *LOW %UDVV &DUULDJH &ORFN
RQ PDUEOH SOLQWK ^+HLJKW LQFKHV`
UHWDLOHG E\ 6KUHYH &R ^+HLJKW RI FDVH LQFKHV`
(VWLPDWH
)RU PXOWLSOH YLHZV DQG FRORU SKRWRV JR WR FDWDORJ PLFKDDQV FRP
3DJH
$ 0D\ (VWDWH $XFWLRQ )UHQFK *LOW %UDVV &DUULDJH &ORFN
)UDPHG 1HHGOHSRLQW 6DPSOHU VLJQHG $QQD .DHQW]VFKH ^'LPHQVLRQV RI IUDPH [ LQFKHV`
LQVFULEHG )%0 ^+HLJKW RI FDVH LQFKHV`
(VWLPDWH
(VWLPDWH 3DLU RI $UW 1RXYHDX %UDVV 7D]]DV ,QFRUSRUDWLQJ $ 6KHOO %RZO ZLWK D 'ROSKLQ 6WHP
1LQHW\ 6HYHQ 9ROXPHV RI 3XQFK ZLWK *LOW %LQGLQJ UDQJLQJ IURP \HDUV LQFOXGLQJ VRPH PXOWLSOHV
^+HLJKW LQFKHV`
&RPSULVLQJ RQH YROXPH RQH RQH WZR YROXPHV RQH YROXPH WKUHH YROXPHV IRXU YROXPHV WZR YROXPHV WZR YROXPHV ILYH YROXPHV ILYH YROXPHV IRXU YROXPHV IRXU YROXPHV ILYH YROXPHV IRXU YROXPHV IRXU YROXPHV IRXU YROXPHV IRXU YROXPHV WKUHH YROXPHV IRXU YROXPHV WKUHH YROXPHV WZR YROXPHV WKUHH YROXPHV WKUHH YROXPHV WZR YROXPHV WZR YROXPHV WZR YROXPHV WZR YROXPHV WZR YROXPHV WZR YROXPHV WZR YROXPHV WZR YROXPHV WZR YROXPHV WZR YROXPHV RQH YROXPH RQH YROXPH DQG RQH YROXPH
(VWLPDWH
(VWLPDWH 3DLU RI 6SDQLVK &RORQLDO 5HWDEORV LQ *LOWZRRG )UDPHV ^+HLJKW LQFKHV`
(VWLPDWH %DURTXH 6W\OH )OHPLVK &DUYHG :RRG %XVW RI D /DG\ 6LJQHG ^+HLJKW LQFKHV`
'HVN %ORWWHU ZLWK %XVW )RUP .QRE 7KUHH 0LQLDWXUH %UDVV &RSSHU %R[HV DQG D 9LHQQD %URQ]H 0LQLDWXUH 3LJ
(VWLPDWH
^/HQJWK RI EORWWHU LQFKHV`
3DLU RI &RQWLQHQWDO *RXDFKH DQG :DWHUFRORU 3RUWUDLW 0LQLDWXUHV
(VWLPDWH
LQ JLOWZRRG IUDPHV PLG WK FHQWXU\ ^'LPHQVLRQV RI IUDPHV [ LQFKHV`
(VWLPDWH
)RU PXOWLSOH YLHZV DQG FRORU SKRWRV JR WR FDWDORJ PLFKDDQV FRP
3DJH
$ 0D\ (VWDWH $XFWLRQ
(VWLPDWH
&ROOHFWLRQ RI 3ROLWLFDO (SKHPHUD DQG /HWWHUV
6WHLII %HDU FLUFD V
&RPSULVLQJ D IUDPHG EDQTXHW SKRWRJUDSK VLJQHG +DUU\ 6 %HVV : 7UXPDQ D WKDQN \RX OHWWHU VLJQHG +HUEHUW +RRYHU IUDPHG ZLWK SRUWUDLW DQ LQWURGXFWLRQ OHWWHU IRU 5LFKDUG 1L[RQ V 5HDO 3HDFH $ 6WUDWHJ\ IRU 7KH :HVW VLJQHG LQGLVWLQFW IUDPHG ZLWK SRUWUDLW D WKDQN \RX OHWWHU WR 'RULV &DQDDQ 7H[DQ &RQVXO RI 0RQDFR VLJQHG 5DLQLHU GH 0RQDFR IUDPHG ZLWK SRUWUDLW DOVR VLJQHG 5DLQLHU GH 0RQDFR DQG D ERRN -LPP\ &DUWHU /LYLQJ )DLWK VLJQHG &DUWHU
^'LPHQVLRQV RI ODUJHVW IUDPH [ LQFKHV`
^/HQJWK LQFKHV`
&ROOHFWLRQ RI &KDUOHV /LQGEHUJK (SKHPHUD
(VWLPDWH $PHULFDQ &DVW ,URQ 0DQVLRQ )RUP 0HFKDQLFDO %DQN ^+HLJKW LQFKHV GHSWK LQFKHV`
(VWLPDWH
,QFOXGLQJ D EURQ]H VFXOSWXUH ^KHLJKW LQFKHV` WKUHH JODVV VOLGH SRUWUDLWV DQG RQH RI D ELSODQH WZR IHOW EDGJHV RI 7KH 6SLULW RI 6W /RXLV WZR $QWLTXH $LUSODQH $VVRFLDWLRQ WRNHQV DQG WZR EUDVV DLUSODQH DVKWUD\V
0LQLDWXUH 3KDHWRQ &DUULDJH ^'LPHQVLRQV [ [ LQFKHV`
(VWLPDWH
&ROOHFWLRQ RI 9LQWDJH 7R\ 0LOLWDU\ 9HKLFOHV
(VWLPDWH
,QFOXGLQJ VL[WHHQ 'LQN\ SLHFHV VL[ /HVQH\ SLHFHV DQG WKUHH RWKHUV ^/HQJWK RI ODUJHVW SLHFH LQFKHV`
$PHULFDQ &DVW ,URQ +RUVH 'UDZQ )LUH (QJLQH ZLWK WKUHH DUWLFXODWHG KRUVHV WZR UHPRYDEOH ILJXUHV DQG WZR ZRRGHQ ODGGHUV ^/HQJWK DVVHPEOHG LQFKHV`
(VWLPDWH 6WHLII %HDU ZLWK $UWLFXODWHG +HDG
(VWLPDWH &DVW ,URQ &DW 'RRUVWRS DQG D %XVWHU %URZQ %DQN ZLWK 'RJ
^/HQJWK LQFKHV`
^+HLJKW RI GRRUVWRS LQFKHV`
(VWLPDWH (VWLPDWH
)RU PXOWLSOH YLHZV DQG FRORU SKRWRV JR WR FDWDORJ PLFKDDQV FRP
3DJH
$ 0D\ (VWDWH $XFWLRQ :RRGHQ 5RRVWHU 6SLOO 9DVH DQG D 6WDU (JJ &DUULHUV &UDWH
6HWK 7KRPDV 6KLS V &ORFN ZLWK 6XEVLGLDU\ 6HFRQG DQG %DURPHWHU
FRQWDLQLQJ QLQH KDQG EORZQ JODVV HJJV DQG WZR ZRRGHQ HJJV
^+HLJKW RI VSLOO YDVH LQFKHV`
(VWLPDWH
^'LDPHWHU RI FORFN LQFKHV`
(VWLPDWH 3DLQWHG *RRVH 'HFR\ VWDPSHG ) 6
&KHOVHD 6KLS V &ORFN ZLWK 6XEVLGLDU\ 6HFRQG 'LDO
^KHLJKW LQFKHV OHQJWK LQFKHV`
^'LDPHWHU LQFKHV`
(VWLPDWH
(VWLPDWH /RW RI 6HYHQ 'XFN 'HFR\V
:HPSH 6KLS V &ORFN DQG %DURPHWHU
,QFOXGLQJ D VDQGSLSHU VLJQHG . +RZHU ^KHLJKW LQFKHV` WZR DUWLFXODWHG SDSHU JHHVH DQG IRXU ZRRGHQ GXFNV ^OHQJWK RI ORQJHVW LQFKHV`
(VWLPDWH
HDFK ZLWK ZRRGHQ EDFN SODWH ^0D[LPXP GLDPHWHU RI FORFN LQFKHV`
(VWLPDWH 3HQQV\OYDQLD 'XWFK 6JUDIILWR 8UQ DQG D )DX[ %RLV %R[
*HUPDQ &DVHG 6FDOH 5HWDLOHG E\ $QGHUVRQ &R &KLFDJR ,/
^+HLJKW RI XUQ LQFKHV`
ZLWK D SDUWLDO FDVHG VHW RI ZHLJKWV ^'LPHQVLRQV RI FDVH [ [ LQFKHV`
(VWLPDWH
(VWLPDWH 3DLU RI 2FWDJRQDO 0LUURUHG 6FRQFHV DQG D 3DXO 5HYHUH 7\SH /DQWHUQ
%UDVV 0RXQWHG 2DN 7DQWDOXV ZLWK NH\ ^'LPHQVLRQV [ [ LQFKHV`
^+HLJKW RI ODQWHUQ LQFKHV VFRQFHV LQFKHV`
(VWLPDWH
(VWLPDWH
)RU PXOWLSOH YLHZV DQG FRORU SKRWRV JR WR FDWDORJ PLFKDDQV FRP
3DJH
$ 0D\ (VWDWH $XFWLRQ 3RUWUDLW RI D 86 1DYDO 2IILFHU
1HROLWKLF )HUWLOLW\ )LJXUH
XQVLJQHG DQG XQIUDPHG ^'LPHQVLRQV [ LQFKHV`
RQ PDUEOH EDVH ^+HLJKW RQ VWDQG LQFKHV`
(VWLPDWH
(VWLPDWH 86 1DY\ &HUHPRQLDO 6ZRUG FLUFD
7ZR %DOLQHVH 3DLQWLQJV RQ &ORWK SLFWXULQJ VFHQHV IURP WKH HSLF VWRU\ %LPD 6ZDUJD
VWDPSHG :6 0DQFXH &R 6DQ )UDQFLVFR ^/HQJWK LQFKHV`
(VWLPDWH
^'LPHQVLRQV RI ODUJHVW [ LQFKHV`
(VWLPDWH 1DYDO 'UHVV 6ZRUG HDUO\ WK FHQWXU\
7ZR %DOLQHVH 3DLQWLQJV RQ &ORWK SLFWXULQJ VFHQHV IURP WKH HSLF VWRU\ %LPD 6ZDUJD
^/HQJWK LQFKHV` ^'LPHQVLRQV RI ODUJHVW [ LQFKHV`
(VWLPDWH
(VWLPDWH ,QGLDQ $UFKLWHFWXUDO )UDJPHQW RQ VWDQG
%XVW RI %XGGKD ^+HLJKW LQFKHV`
^+HLJKW RI IUDJPHQW LQFKHV`
(VWLPDWH
(VWLPDWH 1HZ 'HOKL 5LNKL 5DP 6LWDU
/RW RI (WKQRJUDSKLF %HDGHG ,WHPV DQG $UURZKHDGV
PDNHU RI VLWDUV XVHG E\ 5DYL 6KDQNDU DQG 7KH %HDWOHV ^/HQJWK LQFKHV`
(VWLPDWH
&RPSULVLQJ D FRPELQDWLRQ RI $PHULFDQ ,QGLDQ DQG $IULFDQ LWHPV WZR EHDGHG OHQJWKV ^ORQJHVW LQFKHV` ILYH QHFNODFHV DQG DSSUR[LPDWHO\ WKLUW\ ILYH DUURZKHDGV
(VWLPDWH
)RU PXOWLSOH YLHZV DQG FRORU SKRWRV JR WR FDWDORJ PLFKDDQV FRP
3DJH
$ 0D\ (VWDWH $XFWLRQ 1LJHULDQ %XVW ZLWK %HDGHG 1HFNODFH DQG D )LJXUDO 6WDQG
1DYDMR 5XJ ^6L]H DSSUR[LPDWHO\ IHHW LQFKHV [ IHHW LQFKHV`
^+HLJKW RI EXVW LQFKHV KHLJKW RI VWDQG LQFKHV`
(VWLPDWH
(VWLPDWH (VNLPR /HDWKHU 'ROO ZLWK 6WRQH &DUYHG )DFH ^/HQJWK LQFKHV`
(VWLPDWH 7ZR 1DYDMR 0DWV ^'LPHQVLRQV RI RUDQJH PDW [ LQFKHV`
(VWLPDWH 1DYDMR *UH\ +LOO 5XJ ^'LPHQVLRQV [ LQFKHV`
(VWLPDWH 6LRX[ %HDGHG :DU &OXE ZLWK +RUVH +DLU DQG D 7RPDKDZN ^/HQJWK RI EHDGHG FOXE LQFKHV`
(VWLPDWH
)RU PXOWLSOH YLHZV DQG FRORU SKRWRV JR WR FDWDORJ PLFKDDQV FRP
3DJH
FOR OFFICE USE ONLY
Auction # Bidder # Registered By:
Absentee Bid Registration Form Name: Business Name: Address: State:
City:
Zip:
E-mail:
DL # : (fax):
Phone (home):
(work):
Resale/Tax Identification:
State:
I have previously registered with Michaan’s Auctions and the above information has already been provided (please check) _________
IMPORTANT: Please read the following Information • • •
• • •
Michaan’s Auctions (MA) is authorized to bid on my behalf at the above sale for the Lot(s) listed below up to the bid authorized below and to acquire the Lot(s) at the lowest price as permitted by other bids or the reserve. MA will not be responsible for any error or failure to execute an absentee bid for any reason whatsoever. I agree that if my bid is successful, a Buyer's Premium of eighteen percent (18%) per lot of the hammer price up to and including $250,000 plus twelve percent (12%) per lot of any amount in excess of $250,001 up to and including $1,000,000 and ten percent (10%) per lot in excess of $1,000,001, which Premium shall be retained by MICHAAN'S AUCTIONS. If I choose to pay by credit card, the Buyer's Premium is twenty-one percent (21%) per lot up to and including $250,000 plus fifteen percent (15%) per lot of any amount in excess of $250,001 up to and including $1,000,000 and twelve percent (12%) in excess of $1,000,001. I have read and agree to be bound by the Terms and Conditions of Sale set forth in the Catalog. All bids shall conform to the bidding increments set forth in the Catalog In the case of a tie with a live bid from the floor, phone or internet, priority will be given to the live bid. In the case of a tie with another absentee bid, priority is given to the first bid received by Michaan’s Auctions Absentee bids must be received by MA no later than 5pm the day before the sale date. Lot #
Brief Description
Bid
Check for One Increment Higher *
$ $ $ * In the event of a tie bid, check box to give Michaan’s Auctions permission to bid one increment higher. I confirm that I have read and agree to the “Terms and Conditions of Sale” as set forth in the catalog. This form constitutes a binding commitment to purchase all successful bids. _________________________________________________________ Signed (signature required to execute your bid)
_______________________ Date
Michaan’s Auctions s PO Box s Alameda, CA 94501 s (510) 740-0220 Bonded pursuant to California Civil Code sec. 1812.600 et seq. Bond # 70044066 Please check if bidding continues on page two _______
Absentee Bid Form Page 2
Lot #
Brief Description
Bid
Check for One Increment Higher *
$ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $
In the event of a tie bid, check box to give Michaan’s Auctions permission to bid one increment higher. I confirm that I have read and agree to the “Terms and Conditions of Sale” as set forth in the catalog. Signed (signature required to execute your bid) Michaan’s Auctions s PO Box s Alameda, CA 94501 s (510) 740-0220 Bonded pursuant to California Civil Code sec. 1812.600 et seq. Bond # 70044066
Date
Directions From San Francisco, Marin or Sacramento: 1. Take Hwy 80 to 880 South (San Jose/ Alameda). 2. Exit Hwy 880 at Broadway - Alameda exit. 3. Turn right at the first light (5th Street) 4. Proceed down 5th Street to Broadway. 5. Cross Broadway and enter Webster Tube to Alameda. 6. Proceed through Webster Tube and stay in right lane. 7. Upon exiting the Tube, take the “Mariner Square” exit on the right and continue straight through the intersection onto Willie Stargell Ave. 8. Continue on Willie Stargell Ave. and turn right at Main Street (the first traffic light). 9. Follow Main until it ends at the Main St. entry Gate. 10. Enter through the gate, veering to the left onto Red Line Avenue, then right onto Todd Street. 11. Turn right into the first parking lot. The main gallery address is 2751 Todd Street. From the South Bay: 1. Take Hwy 880N. 2. Take the Broadway Exit (Downtown Oakland). 3. Turn right at Broadway. 4. Turn right at 7th St. 5. Turn right at Webster. 6. Enter Webster Tube to Alameda and stay in right lane. 7. Proceed through Webster Tube and stay in right lane. 8. Upon exiting the Tube, take the “Mariner Square” exit on the right and continue straight through the intersection onto Willie Stargell Ave. 9. Continue on Willie Stargell Ave. and turn right at Main Street (the first traffic light). 10. Follow Main until it ends at the Main St. entry Gate. 11. Enter through the gate, veering to the left onto Red Line Avenue, then right onto Todd Street. 12. Turn right into the first parking lot. The main gallery address is 2751 Todd Street. Red Line Avenue
N
E
Red Line
Main St.
Todd St.
S
W Starg illie ell Av e.
.
eb W
ste
t rS
Main Gallery 2751 Todd St.
West Essex Drive
Todd Street
w
Gallery Parking Lot
880 Saratoga Street
Port of Oakland
Artist Index Artist Lot # ABEYTA, RAYMOND 47 ADAMS, ANSEL 92 ALEXANDER, HENRY 29 ALLEZARD 71 ASKENAZY, MISCHA 43 BAER, MARTIN 46 BALINESE UBAD MOVEMENT 21 BARRY, PATRICK VINCENT 31 BELL, KENDRICK 82 BERMAN, EUGENE 69 BISHOP, HAL 25, 26, 70 BLOMMERS, BERNARDUS JOHANNES (After) 9 Brekelinkam, Quiringh Gerritsz 8 BUENAVENTURA, CESAR 23 BURRELL, A RAY 33 CAMPION, GEORGE 50 CANNELLI, LUIGI 19 Casorati, Felice 56 CLAVÉ, ANTONI 73 CORBET, OLIVER 24 CORINTH, LOVIS 80 COUTURIER, RENE 10, 11, 64, 65 COVARRUBIAS, MIGUEL 68 CURRIER, EDWARD WILSON 44 Cuzco School 18 DALI, SALVADOR 77, 78 DENIS, MAURICE 74 DEVITY, ANTONIO 14 DZIGURSKI, ALEXANDER 40 ENGLISH SCHOOL 4 FAIVRE, JUSTIN 60 FISHER, HARRISON 54 FRENCH SCHOOL 7 FRITH, WILLIAM POWELL (STYLE of) 6 GALIM, KARJASOV 96 GILBERT, ARTHUR HILL 37 GOIN, PETER 91 GOODALL, JOHN EDWARD 52 GOREY, EDWARD 84 GOTTLAB, FERNAND 76 HANNA and BARBARA 85 HASEGAWA, SHOICHI 72
Artist HOLT, GEOFFREY ISABEY, FRANCOIS Judson, Charles C KITCHELL, PETER KONDAKOVA LECOURTIER, PROSPER LEVIER, CHARLES LEWIS, JEANNETTE MAXFIELD LIOSSELIN, ALBERT LOGAN, MAURICE LUONGO, ALDO MAX, PETER MCMEEKIN, JOSEPH P MEADOR, JOSHUA MONTALDO, ARMAND CULTERA Montgomery, George MOREAU, HIPPOLYTE NEIMAN, LEROY OGIER, MARIE PARADISE, PHIL PARSONS, MAX PAYNE, WOODWARD PEGGIANNI Persian Miniatures PHYSIOC, LEWIS WOOD PICCOLI, PIETRO RAYNER, L.J. (Attributed) ROWLANDSON, THOMAS SCHLANGENHAUSEN, EMMA SLICK, GRACE SOKI, KETUT STEINLAN, THEOPHILE ALEXANDRE SUDDETH, JIMMY LEE TEN KATE, HERMAN VYSEKAL, EDOUARD WILLIAMS, HUBERT WIPFLER, KATHY WOLF, GALEN WONNER, PAUL ZAO WOU-KI ZARILLO, ROBERT
Lot # 28 1 38 63 79 93 12 36 27 34 95 88, 89 41 42 59 94 93 86, 87 13 57 30 61 66 22 55 15 48 51 81 83 20 75 45 53 35 49 32 58 62 90 39
2751 Todd Street Alameda, CA 94501 (800) 380-9822 or (510) 740-0220 www.michaans.com info@michaans.com