&
8$)&
7 !"
=
7 !"#&
#$)&"
,%&$#,#&&
#"#$)#"$#&&/*
:"-$ =+(.
,QVWDOODWLRQ
7
+(50267$7
,
167$//$7,21
,QVWDOOWKHZDOOWKHUPRVWDWLQDORFDWLRQWKDWLVQRWWRFORVHWRRWKHXQLWEXWZLOOHIIHFWLYHO\KHDWWKH
GHVLUHGDUHD
"% (&)1+15 .-+/ ( #1*
,QVWDOO D RU 9ROW 7KHUPRVWDW XVLQJ DQ [
JDXJHZLUHIURPWKHXQLWWRWKHWKHUPRVWDW
,IWKHXQLWKDVEHHQSODF,/2:PRGHWKHXQLW
ZLOOEHWDNHQWRDORZRULGOHVHWWLQJZKHQWKHWKHUPRVWDW
LV QRW FDOOLQJ IRU KHDW :KHQ WKH WKHUPRVWDW FDOOV IRU
KHDWWKHXQLWZLOOJRWRWKHVHWWLQJWKDWLVGLVSOD\HGRQ
WKHFRQWUHDW,QGLFDWRU,IWKHKHDWLQJORDGLV
QRWJUHDWHQRXJKZKHQWKHVWRYHLVRQORZWKHKLJKOLPLW
VZLWFKZLOOWXUQWKHVWRYHRIIDQGWKHVZLWFKZLOOKDYHWR
EHPDQXDOO\UHVHW7RUHVHWWKHKLJKOLPLWVZLWFKUHPRYH
WKH ULJKW FDELQHW VLGH 7KH VZLWFK LV IRXQG EHKLQG WKH
FRQWUROSDQHO$YRLGVHWWLQJRIIWKHKLJKOLPLWVZLWFK
EORZHUZLOOGHFUHDVHWKHYDFXXPSUHVVXUHLQVLGH
WKHVWRYHDQGDVWKHKHDWRXWSXWEXWWRQLVWXUQHG
GRZQ 7KH YDFXXP SUHVVXUH LQVLGH WKH ILUHER[
ZLOO LQFUHDVH DV WKH FRPEXVWLRQ H[KDXVW EORZHU
LQFUHDVHVLQVSHHGKLJKHUKHDWRXWSXWVHWWLQJ
7KHVOLGHUGDPSHULVXVHGWRUHJXODWHWKHDLUIORZ
WKURXJKWKHSHOOHWVWRYH
6
/,'(5
'
$03(5
6
(7
8
3
7+(6/,'(5'$03(50867%(6(7$77,0(2),167$//$7,21,7,686('725(*8/$7(
7+($,5)/2:7+528*+7+(3(//(76729(
$4XDOLILHG6HUYLFH7HFKQLFLDQRU,QVWDOOHUPXVWVHWWKH6OLGHU'DPSHU
7KHVOLGHUGDPSHULVXVHGWRUHJXODWHWKHDLUIORZWKURXJKWKHSHOOHWVWRYHDQGLVORFDWHGEHKLQGWKHOHIW
FDEVLGHUHIHUWR)LJXUH2QIUHHVWDQGLQJPRGHOORRVHQWKHWZR[´7RU[VFUHZVRQHRQWKH
VLGHRIWKHXQLWDQGRQHEHKLQGWKHUHPRYDEOHSDQHOVZLQJRSHQOHIWSDQHOWRDFFHVV2QLQVHUWPRGHO
UHPRYHWKHWZR[´7RU[VFUHZVRQHRQWKHVLGHRIWKHXQLWDQGRQHEHKLQGWKHUHPRYDEOH
SDQHODQGWKHRQH7DWWKHWRSRIWKHFDEVLGHXQGHUWKHWRSIURQW
7KHFRPEXVWLRQH[KDXVWEORZHULVDYDULDEOHVSHHGEORZHUFRQWUROOHGE\WKHKHDWRXWSXWEXWWRQ7KLV