Sunteți pe pagina 1din 15

/,*+7,1*),;785(7<3(6



$VDWKHDWULFDOHOHFWULFLDQ\RXZLOOQHHGWRLGHQWLI\DQGXVHYDULRXVW\SHVRIOLJKWLQJIL[WXUHVWKDWDUH
PDQXIDFWXUHGVSHFLILFDOO\IRUWKHWKHDWULFDOWUDGH$ORQJZLWKWKHDWULFDOIL[WXUHV\RXZLOODOVRXVHRWKHUVWKDW
DUHERUURZHGIURPWKHGLVSOD\FRPPHUFLDODQGUHVLGHQWLDOXVHVZKHQWKH\ILWWKHSDUWLFXODUQHHGRIWKHVKRZ
:HZLOOFRQFHQWUDWHRQWKRVHWKDWDUHPDQXIDFWXUHGIRUWKHDWUHIRURXUSXUSRVHV

7KHUHDUHWZRW\SHVRIOLJKWLQJIL[WXUHVQRZLQIUHTXHQWO\XVHGLQ$PHULFDQWKHDWUHV7KH
ILUVWLVDQRSHQIDFHGOLJKWLQJIL[WXUHWKDWFRQWDLQVPXOWLSOHODPSVLQDUHFWDQJXODU
HQFORVXUHPRXQWHGRQDVWDQGWRIORRGDQDUHDZLWKOLJKWDVVHHQWRWKHULJKW7KHUHDUH
KRZHYHUPRGHUQVPDOOHUUHSODFHPHQWIL[WXUHVWKDWZLOOUHVHPEOHLWLQRSHUDWLRQZKLFK
ZLOOEHVHHQODWHU
$QRWKHUIL[WXUHWKDWJHWVOLWWOHXVHWRGD\
LVWKH3ODQR&RQYH[6SRWRU3&6SRW,W
XVHVDVLQJOH3ODQR&RQYH[OHQVRQLWV
IDFHWRIRFXVWKHOLJKWRXWSXW6RPHRIWKH
PDQXIDFWXUHVLQFOXGHGWKHDELOLW\WRIRFXV
IURPDVSRWWRIORRGEHDPSDWWHUQ2QWKH
OHIWDPRGHUQH[DPSOHRIWKH3&FDQEH
VHHQ7KHLPSURYHPHQWPDGHWRWKHODPS
KDVEHHQWKHLQFOXVLRQRIDVWLSSOHGRUSHEEOHGILQLVKHGWRWKH
FRQYH[VLGHRIWKHOHQV7KLVDFWVDVDGLIIXVHUDQGPDNHVD3&6SRWEHKDYHPRUH
OLNHD)UHVQHO7KHPDMRUGLIIHUHQFHEHWZHHQWKH3&6SRWDQGDPRGHUQ)UHVQHO
IL[WXUHLVWKHGLIIHUHQWOHQVDQGWKHLUILQLVKWRIXUWKHUFRQWUDVWWKHWZRIL[WXUHOHQV
W\SHVWKH)UHVQHOKDVFRQFHQWULFULQJVRIJODVVUHPRYHGLQVWHSVIURPD3ODQR
&RQYH[OHQV

(OOLSVRLGDO6SRWV
&RQWHPSRUDU\7KHDWULFDOOLJKWLQJIL[WXUHVILWEURDGO\LQWRIRXUFDWHJRULHVVSRW
ZDVKVFHQLFSURMHFWRUVDQGDXWRPDWHG

7KHILUVWW\SHJHQHUDOO\FDOOHGD/HNR3URILOHVSRWRU
(OOLSVRLGDO5HIOHFWRU6SRW (56 7KH/HNRZDV
LQYHQWHGLQDERXWRUGHSHQGLQJRQZKLFK
VLGHRIWKH$WODQWLF\RXZHUHRQ,Q6WUDQGDSSOLHGIRUDSDWHQWIRUWKH
6WHOPDUHOOLSVRLGDOVSRWZKLFKZDVIRUD.DQGZDWWHOOLSVRLGDOSURILOHVSRW
$OVRLQ&HQWXU\GHYHORSHGD/HNRDQG .OLHJO%URV/LJKWLQJ&RWKH
IL[WXUHVDUHVHHQLQWKHLUFDWDORJ7KH.OLHJOOXPLQDLUHXWLOL]HGDQRIID[LV
ODPS$O]DNPHWDOHOOLSVRLGDOUHIOHFWRUDQGIUDPLQJVKXWWHUV7KHLUJHQHUDO
RXWZDUGDSSHDUDQFHKDVFKDQJHGOLWWOHRYHUWLPH+RZHYHUWKHUHKDYHEHHQPRGLILFDWLRQVWRWKHGHVLJQWRDLG
LQLQFUHDVLQJWKHIRRWFDQGOHVSURGXFHG7KHILUVWFKDQJHZDVWKHDGGLWLRQRIWUDSH]RLGDOIDFHWVWRWKHUHIOHFWRU
WRHOLPLQDWHWKHSURMHFWLRQRIWKHODPSLPDJHZKHQEURXJKWWRSDVWVKDUSHGJH EDUUHOUXQDOOWKHZD\LQ 7KH
WUDSH]RLGVFDXVHWKHLPDJHWRIX]]RXWDQGSURGXFHDPRUHHYHQILHOGRIOLJKW,QDGGLWLRQWRWKHSUHYLRXV
LPSURYHPHQWWKHUHDUHWKUHHUHFHQWFKDQJHVWRWKH(OOLSVRLGDO5HIOHFWRU6SRWOLJKWWKDWKDVJUHDWO\LPSURYHG
WKHOXPLQDLUH7KHVHDUHWKHDGGLWLRQRIDURWDWHDEOHVKXWWHUSDFNOHQVEDUUHOIURPDIL[HGRQHWKHFKDQJH
IURPD$O]DNPHWDOUHIOHFWRUWRDJODVVGLFKURLFUHIOHFWRUDQGDPRUHFRPSDFWODPSVRXUFHWKDWFRQWDLQVPRUH
ILODPHQWVWKDWJHQHUDWHPRUH IRRWFDQGOHV ODPSRXWSXW

$IXUWKHUFKDQJHWKDWKDVEHHQPDGHWRWKLVW\SHRIOLJKWLQJIL[WXUHKDVEHHQWKHDGGLWLRQRIWKHYROWODPS
VRXUFHSUHYLRXVO\DOOODPSVPDGHXVHRIYROWV8VLQJWKLVODPSVRXUFHDOORZVIRUGLPPHUGRXEOLQJ
ZKLFKXVHVDVSHFLDOWZRIHUWKDWORDGSDWFKHVWZRODPSVLQWRDVLQJOHFLUFXLWWKDWDOORZVIRULQGHSHQGHQW



FRQWURORIHDFKODPS7KHWZRIHUDOORZVRQHWRXVHERWKWKHSRVLWLYHDQGQHJDWLYHVLGHVRIDQ$&VLQHZDYH
VSOLWEHWZHHQWZRPXOWLSOH[HGGLPPHUV

/HNRVDUHRIWHQXVHGZHUHDFRQWUROODEOHILHOGRIOLJKWLVQHHGHG
ZKHQOLJKWLVSURMHFWHGRQWRWKHVWDJHRUVFHQHU\,QRUGHUWR
DFFRPSOLVKWKLVD/HNRW\SLFDOO\KDVRQHRUWZR3ODQRFRQYH[
OHQVHVWKDWDOORZVIRUDVKDUSRUVRIWHGJHGLPDJHWREHSURMHFWHG$Q
HOOLSVRLGDOUHIOHFWRUZLWKWKHLOOXPLQDWLRQVRXUFHSODFHGDWWKHILUVW
IRFDOSRLQWf1, FHQWHUHGLQWKHHOOLSVHLVXVHGWRSURMHFWWKHOLJKW
JHQHUDWHGE\WKHODPSILODPHQW8VLQJWKLVW\SHRIUHIOHFWRULQ
FRQMXQFWLRQZLWKVKXWWHUVJLYHVRQHWKHPHDQVRIFRQWUROOLQJWKH
DPRXQWRIOLJKWSURMHFWHG6KXWWHUVDUHORFDWHGLQWKHVHFRQGIRFDO
SRLQWf2RUJDWHDUHDDQGPRXQWHGRQWKHWRSDQGVLGHVRIWKHIL[WXUH
7KH\DUHXVHGVLQJXODUO\RUWRJHWKHUWRUHPRYHDQXQZDQWHGSRUWLRQ
RIWKHSURMHFWHGOLJKWDVKXWWHUFXWLVWKHWHUPXVHGIRUWKLV7KHJDWHDUHDLVW\SLFDOO\DWRUQHDUWKH
VHFRQGIRFDOSRLQWRIDQ
HOOLSVH:KLFKPD\DOVR
FRQWDLQDJRERDQGLULV
VORW5HIHUWRWKHJHQHULF
VHFWLRQDOYLHZRID/HNR
IRULWVSDUWVDQGWKHLU
ORFDWLRQRQPRVWDOO
PDQXIDFWXUHVKHOOV6RPH
ROGHUOHNRVZLOOODFN
VRPHRIWKHIHDWXUHV
IRXQGRQQHZHU
OXPLQDULHVEXWWKH
ORFDWLRQRIWKHODPSEDVH
VKXWWHUVDQGOHQVWXEHZLOO
UHPDLQWKHVDPH
,QDGGLWLRQWRIRFXVLQJ
OHNRV\RXZLOOEHFDOOHG
XSRQWREHQFKIRFXVRURSWLPL]HWKHODPSILHOGWKDWLVSURMHFWHGIURPWKHODPS(DFKPDQXIDFWXUHKDVFKRVHQ
DGLIIHUHQWZD\WRDFFRPSOLVKWKLV2QHRIWKHILUVWZD\VZDVWKHXVHRIIRXUVFUHZVDVVHHQRQDFDSIURPDQ
$OWPDQ4/HNR7KUHHVFUHZVDUHDUUDQJHGLQDWULDQJXODUSDWWHUQWRHQDEOHWKHODPSEDVHWRVZLYHOOHIWWR
ULJKWDQGXSWRGRZQ7KHIRXUWKVFUHZLVXVHGWRSXVKWKHODPSEDVHLQRURXWRIWKHILUVWIRFDOSRLQWf1:KHQ
\RXFRPHXSRQWKLVPHWKRGRIEHQFKIRFXVLQJRSWLPL]LQJDQHDV\ZD\WRJHWDUXIILGHDRIZHUHWKHODPSLV
LQWKHUHIOHFWRULVWRWDNHWKHIROORZLQJVWHSV)LUVWORRVHQWKHFDSVHWVFUHZDQGWKHPPRYHWKHFDSDURXQGWR
FKDQJHWKHUHODWLRQVKLSWRWKHUHIOHFWRU2QFHORRVHQHG\RXFDQHDVLO\PRYHWKHODPSDURXQGLQWKHUHIOHFWRULQ
DFLUFXODUPRWLRQDQGJHWDQ
LGHDRIZKLFKVFUHZVWR
WLJKWHQRUORRVHQDQGZKHWKHU
WKHODPSQHHGVWRPRYHLQRU
RXWRIWKHUHIOHFWRUVIRFDO
SRLQW7KH6HOHFRQ3DFLILF
XVHVDYDULDWLRQRQWKLVWKHP
DVVHHQLQWKHSLFWXUH


$OWPDQ4OHNR%HQFK)RFXV

6HOHFRQ3DFLILF%HQFK)RFXV

$QRWKHUSRSXODUPHWKRGZDVDMR\VWLFNLWXVXDOO\FRQVLVWVRIDVLQJOHNQREWKDWLVORRVHQHGZLWKWKHODPS
EDVHDWWDFKHGWRLW,QWKHFDVHRIWKH6WUDQGWKHMR\VWLFNLVWULDQJXODUDQGLWZDVPRYHGDURXQGXQWLOWKHODPS
RXWSXWLQFUHDVHG7KLVZDVGRQHLQFRQMXQFWLRQZLWKDVHFRQGVHWVFUHZWKDWKHOGWKHEDVHRQWRWKHODPSXQLW
WKHVHFRQGDU\VHWVFUHZPRYHGWKHODPSLQDQGRXWRIWKHILUVWIRFDOSRLQWf1:KHQWKHEULJKWHVWRXWSXW
UHDFKHGERWKVHWVFUHZVDUHWLJKWHQHGGRZQWRKROGWKHQHZEHQFKIRFXV

7KHPRVWSUHYDOHQWZD\WRGRWKHEHQFKIRFXV
LVWKHXVHRIWZRGLIIHUHQWNQREVDVVHHQRQ
WKH(7&6RXUFH)RXU7KHFHQWHUNQXUOHG
NQREFRQWUROVWKHLQRXWPRYHPHQWRIWKH
ODPSLQUHODWLRQWRWKHIRFDOSRLQWf1RUWKH
3HDN)ODWDGMXVWPHQW7KHRWKHUZKLFKORRNV
OLNHDZLQJQXWPRYHVWKHODPSLQDFLUFXODU
SDWWHUQZLWKLQWKHUHIOHFWRUWRKHOSFHQWHUWKH
ODPS,IWKLVPHWKRGLVXVHGHLWKHUWKHLQRXW
RUWKHOHIWWRULJKWZLOOQHHGWR
EHFKHFNHGRQFHWKHRWKHULVWLJKWHQHGWR
6WUDQG%HQFK)RFXV
(7&6%HQFK)RFXV
DVVXUHDJRRGEHQFKIRFXV
/RRNLQJDWWKH
GUDZLQJDWOHIWZLOO
FODULI\WKHJHQHUDO
PRWLRQWKDWLVPDGH
E\DOOWKHV\VWHPVWR
RSWLPL]HWKHTXDQWLW\
RIOLJKWHPLWWHGIURP
DQ(OOLSVRLGDO
5HIOHFWRU6SRWOLJKWRU
)ROORZ6SRW7KH
WKUHHSRLQWVRIWKH
WULDQJOHUHSUHVHQWWKH
IROORZLQJH[WUHPHVRI
PRYHPHQW$OWPDQ
DQG6HOHFRQPHWKRG
RIXVLQJWKHWKUHHVFUHZVIRUXDQGY7KHVDPHSULQFLSDOVDSSO\ZKHQXVLQJDMR\VWLFNRUWKH(7&6RXUFH
)RXUODPSRSWLPL]DWLRQV\VWHP7KHD[LVSRLQWODEHOHGLQRXWRUZGHPRQVWUDWHVWKHPRYHPHQWE\WKH
$OWPDQFHQWHUVFUHZ6HOHFRQ(7&FHQWHUNQREVDQGWKH6WUDQG/DPSEDVHVHWVFUHZ

$ERYHLVDJRRGEHQFKIRFXVZLWKD
UHODWLYHO\IODWILHOG HYHQ EULJKW 



$ERYHLVDEDGEHQFKIRFXVQRWHWKHKRW
VSRWLQWKHXSSHUULJKWFRUQHURIWKHILHOG

,QWKHJDWHDUHDWKHIROORZLQJGHYLFHVPD\DOVREHXVHGWRPRGLI\WKHDSSHDUDQFHRIWKHOLJKWSURMHFWHG$
VLQJOHJRERLQVHUWHGXVLQJDKROGHURUDJRERFKDQJHUWRUHPRWHO\VHOHFWDJRERIRUSURMHFWLRQRQWRWKHVWDJH
RUVFHQLFHOHPHQWVIRUWH[WXULQJWKRVHVXUIDFHV$%HDP,ULVWRUHGXFHWKHEHDPGLDPHWHU0RWRUL]HGGHYLFHV
PD\EHXVHGWRDQLPDWHJRERVVXFKDV7ZLQ6SLQVWKDWKROGVWZRJRERVDQGURWDWHVWKHPLQDFLUFXODU
PRWLRQ,QDKHDYLO\PRGLILHG/HNR();DQLPDWHGVFHQLFGLVFVPD\EHPRXQWHGWRWXUQWZRGLIIHUHQW
DQLPDWLRQGLVFVDQG'0;FRQWUROOHGEHDP,ULVV2QWKHIURQWRIWKHEDUUHOXVLQJWKHFRORUIUDPHVORWVHLWKHU
VLQJOHRUFRORUPL[LQJFRORUFKDQJHUVPD\EHXVHG,PDJH0XOWLSOH[HUDPXOWLSUL]LPHGGHYLFHWRSURMHFW
PXOWLSOHJRERVIURPDVLQJOHVRXUFHRUD'0;FRQWUROOHGPLUURURUVLPSOHDQLPDWLRQGLVNWKDWURWDWHVDQG
EORFNVDSRUWLRQRIWKHSURMHFWHGOLJKWIRUDVKRUWSHULRGRIWLPH$Q\RIWKHSUHYLRXVDWWULEXWHVRUDFFHVVRULHV
PD\EHPRGLILHGLQDSSHDUDQFHE\UXQQLQJWKHOHQVWXEHEDUUHOWRDVRIWRUKDUGHGJHE\PRYLQJWKHEDUUHOLQ
RURXWDVQHHGHG

%HORZDUHLOOXVWUDWLRQVRIWKHGLIIHUHQWPDQXIDFWXUHVSURGXFWV











$OWPDQ6KDNHVSHDU 










$OWPDQ/HNR


(7&6RXUFH)RXU





0RXQWHG();'LVF 









$OWPDQ4/HNR




6WUDQG6/

%HDP,ULV

'0;FRQWUROOHG,ULV





&RORUWUDQ



6HOHFRQ%RWWRP$[LDO

,PDJH0XOWLSOH[HU

'0;0LUURU

*RER&KDQJHU

/HNRVDUHVL]HGHLWKHUE\WKHLUEHDPVSUHDGRU
%HDP6L]H
(TXLYDOHQW;
&RORU&RGH
E\WKHOHQVIRFDOSRLQW:KHQ\RXDUHORRNLQJDW
;
5HG

DOHQVIURPXQLWWKDWLVROGHUXQLWWKHIRFDOSRLQW
;
%ODFN%OXH

RIWKHOHQVPD\EHPHDVXUHGXVLQJDUXOHU7R
;
1RQH:KLWH
GRWKLVVLPSO\KROGWKHOHQVXQGHUDOLJKWDQG

PHDVXUHWKHIODWVLGHRIWKHOHQVWRDWDEOHWRS
;
<HOORZ

7KLVPHDVXUHPHQWZLOOJLYH\RXWKH

;
/DUJH/HQV

DSSUR[LPDWHIRFDOOHQJWKRIWKHOHQVLQWKHHYHQW
1RQH
5HDOO\/DUJH/HQV

\RXQHHGWRPDWFKLW6XFKDVXVHGLQDQ$OWPDQ
4OLJKWWKDWXVHVDGRXEOH3ODQRFRQYH[OHQVWXEH,QQHZHUXQLWVPDGHE\(7&DQG$OWPDQWKH\KDYH
DGRSWHGDFRORUFRGHV\VWHPIRUWKHLUOHQVHVH[DPSOHVRIWKLVDUHVHHQDERYH
0DQXIDFWXUH1DPH
$OWPDQ4
$OWPDQ4
$OWPDQ4
$OWPDQ4
$OWPDQ4
$OWPDQ6KDNHVSHDU
$OWPDQ6KDNHVSHDU
$OWPDQ6KDNHVSHDU
$OWPDQ6KDNHVSHDU
$OWPDQ6KDNHVSHDU
$OWPDQ6KDNHVSHDU
$OWPDQ6KDNHVSHDU
&RORUWUDQ
&RORUWUDQ
&RORUWUDQ
&RORUWUDQ
&RORUWUDQ
&RORUWUDQ
(7&6RXUFH
(7&6RXUFH
(7&6RXUFH
(7&6RXUFH
(7&6RXUFH
(7&6RXUFH
6WUDQG6/
6WUDQG6/
6WUDQG6/
6WUDQG6/
6WUDQG6/
6WUDQG6/
6HOHFRQ3DFLILF
6HOHFRQ3DFLILF


)L[WXUH
7\SH
;
;
;
;
;




























7UXH)LHOG
$QJOH


































%HDP$QJOH

/DPS

:HLJKW


































*/&
*/&
*/&
*/&
*/&
*/&
*/&
*/&
*/&
*/&
*/&
*/&
)/.
)/.
)/.
)/.
)/.
)/.
+3/
+3/
+3/
+3/
+3/
+3/
*/&
*/&
*/&
*/&
*/&
*/&
*/$
*/$


































6HOHFRQ3DFLILF
6HOHFRQ3DFLILF












*/$
*/$




)UHVQHOV
$VVHHQSUHYLRXVO\D)UHVQHOOHQVLVWKHVXEWUDFWLRQRIPDWHULDOIURPD3ODQR&RQYH[OHQV7KHUHGXFWLRQRI
PDWHULDOUHGXFHVWKHZHLJKWRIWKHOHQVE\EUHDNLQJWKHOHQVLQWRFRQFHQWULFFLUFOHV7RWKHOHIWLVD)UHVQHO
OHQVZLWKDQDRYHUOD\RIDFRPSDULEOH3ODQR&RQYH[OHQVRIWKHVDPHIRFDOOHQJWK%\GRLQJWKLVWKHLPDJH
TXDOLW\LVUHGXFHG+RZHYHULQDVWDJHOLJKWLQJDSSOLFDWLRQLWVQHJDWLYHDWWULEXWHRIWKHOHQVLVXVHGWRRXU
DGYDQWDJHE\SURYLGLQJDVRIWQRQGLUHFWLRQDOOLJKWVRXUFH

$XJXVWLQ-HDQ)UHVQHOZDVUHVRQVLEOHIRUWKHGHYHORSPHQWRIWKLVW\SHRIOHQVIRUXVHLQ)UHQFK
OLJKWKRXVHVLQWKHV$XJXVWLQ-HDQ)UHVQHOUHFHLYHGFUHGLWIRUWKHOHQVWKHOHQVDQGZDV
ILUVWXWLOL]HGLQDWKHDWULFDOIL[WXUHFLUFD1LQWHHQ7ZHQW\VE\RIFRXUVHWKH.OHLJOH%URV

7KH)UHVQHOOLJKWLQJIL[WXUHLVSULPDULO\XVHGWRGD\DVDEDFNOLJKWOXPLQDUHZLWKHLWKHUDVLPSOH
FRORUDQGIUDPHRUXVHGLQFRQMXFWLRQZLWKDFRORUVFUROOHUIRUFKDQJHDEOHEDFNOLJKWFRORU,QD
79VWXGLRWKH\DUHWKHIL[WXUHRI
FKRLFHGXHWRWKHHDVHRIEOHQGLQJ
RIRQHOLJKWLQWRDQRWKHU
:DWWDJHVIRUWKHVHIL[WXUHVDVDQLQFDQGHVFHQW
ODPSVRXUFHZLOOW\SLFDOO\UDQJHIURP
ZDWWVWRRU.$VDQ+0,ODPSVRXUFH
WKH\ZLOOUDQJHIURPZDWWVWR
ZDWWV:KHQD)UHVQHOLVXVHGZLWKD+0,
ODPSVRXUFHKHDGFDEOHLVXVHGLQFRQMXFWLRQ
ZLWKDEDOODVWZKLFKXVXDOO\KDVDUHPRWH
VWULNHIHDWXUHDQGFLUFXLWEUHDNHUIRU
SURWHFWLRQ7KH\XVXDOO\XVHYROWVIRU
ODPSVXSSO\UDWKHUWKDQYROWVIRUDQ
LQFDQGVFHQWODPSVRXUFH

,QDGGLWLRQWRWKHGLIIHULQJODPSVRXUFHVWKH)UHVQHOKDVDQDGMXVWDEOHILHOGRILOOXPLQDWLRQIURPVSRWWRIORRG
7KHDGMXVWPHQWLVPDGHE\WXUQLQJDNQRERUDVHWVFUHZRQWKHERWWRPRIWKHIL[WXUH7XUQLQJWKHNQREZLOO
YDU\WKHSRVLWLRQRIWKHODPSDQGUHIOHFWRUIURPFORVHVWWRWKHOHQV )ORRG WRIDUWKHVWIURPWKHOHQV 6SRW 
8QOLNHD/HNRWKDWKDVEXLOWLQVKXWWHUVWRWULPXQZDQWHGOLJKWD)UHVQHOUHTXLUHVEDUQGRRUVWRDFFRPSOLVK
WKHVDPH

7XUQLQJ\RXUDWWHQWLRQDERYHWRWKHVHFWLRQDOYLHZZLOOLOOXVWUDWHWKHPDLQFRPSRQHQWVRIWKH)UHVHQOOLJKWLQJ
IL[WXUHVDQGEHORZDUHVRPHH[DPSOHVRIFRPHUFDLOSURGXFWV$IXUWKHUH[DPSOHPD\EHVHHQLQWKH
SDWHQWDQGWKHSDWHQW


)UHVQHO

)UHVQHO

)UHVQHO

)UHVQHO


)UHVQHO,QN\

3DUQHO

+0,)UHVQHO

+0,)UHVQHO



0DQXIDFWXUH1DPH

)L[WXUH
7\SH
)UHV
)UHV

)XOO6SRW
GLD#GLVW
[GLVW
#
#

)XOO)ORRG
GLD#GLVW)
[GLVW
#
#

$OWPDQDND,1.<
$OWPDQ4

$OWPDQ4
$OWPDQ6(
6WUDQG)UHVQHOLWH
&RORUWUDQNZ
(7&3DUQHO
0ROH5LFKDUGVRQ

3DU/DPSV


)UHV
)UHV
)UHV
)UHV



#
#
#
#



#
#
#
#



/DPS

:HLJKW

&RORU)UDPH
6L]H

(56
%7/
%70
%71
%73
%97
+0,
&<;
'3<






[
[








[

[




7KH3DUIL[WXUHZDVILUVWVHHQLQWKHHDUO\VDVDQHDVLO\XVHGDQGVHUYLFHGOLJKWLQJ
IL[WXUHWKDWGLGQRWUHTXLUHDQ\IRFXVDGMXVWPHQW7KHHDUO\3DU&DQVODFNHGWKHUHDU
RSHQLQJWRHQDEOHWKHEHDPSDWWHUQWREHDGMXVWHG7KHVHVDPHTXDOLWLHVWKDWWKHOLJKWLQJ
IL[WXUHSRVVHVVHGGHYHORSHGLWLQWRDOLJKWLQJIL[WXUHWKDWFRXOGEHUDSLGO\IRFXVHGDQG
VWRUHGLQFDVHVIRUWRXULQJ5RFNDQG5ROODFWVLQWKHHDUO\V2QHRIWKHILUVW
FRPSDQLHVWRGHYHORSWKLVWHFKQRORJ\ZDV6KRZFR7KHODPSKRXVLQJKDVW\SLFDOO\
EHHQRQHRIWKUHHVKDSHVDER[KH[DJRQRUPRUHSUHYHODQWDURXQGF\OLQGHU(DFKVKDSH
KDGDQDFFHVVRSHQLQJLQWKHEDFNRIWKHOLJKWLQJIL[WXUHWRHQDEOHWKHODPSWREHVSXQ
IRUDKRUL]RQWDORUYHUWLFDOODPSEHDP7KHPDWHULDOVWKDWWKHVHKDYHEHHQPDGHIURP
*UDQG6WDJH/LJKWLQJ DUHW\SLFDOO\RIVWHHORUDOXPLQXP5$5RWKWRXUHGZLWKVTXDUH3DU&DQVGXHWRWKHLU
DSSURSULDWHVL]HIRUFRQWDLQHUL]DWLRQLQDWUXVV7KH2FWDJRQDO3DU&DQVZHUHPDGHE\
6HDOHG%HDP6SRW
6WUDQG/LJKWLQJLQDQGFDOOHG3DUEOD]HUV7KHPRUHFRPPRQVKDSHRIWKH
FLUFOHKDVEHHQPDGHE\$OWPDQ6WDJH/LJKWLQJIRU\HDUV7KH3DU&DQVDUHRIDVLPSOHGHVLJQDQG
XVXDOO\KDYHWKUHHJHOFOLSVDQGDVSULQJUHWDLQHUFOLSRQWKHWRS7KHVSULQJFOLSXVXDOO\GHWHUPLQHVWKH
IL[WXUHVRULQWDWLRQIRUWKHWRSRIWKHODPS0DNLQJJUDYLW\KHOSNHHSWKHJHOIUDPHLQSODFH7KHUHDOVRLV
QRUPDO\RQHRUWZRIRFXVORFNLQJ7KDQGOHVRQHLWKHUVLGHRIWKH\RNH7KH3DUIL[WXUHGHULYHVLWVQDPHIURP
WKHODPSWKDWLWKRXVHVD3DUVHDOHGEHDPODPS:KLFKLVDFRPELQDWLRQRIDH[WHQGHG0RJXO(QG3URQJ
EDVHD3DUDEROLF5HIOHFWRUODPSHQYHORSHDQGOHQV

)ROORZLQJWKHWH[WZLOOEHDSLFWRUDORIWKHODPSVWKDWDUHGHVFULEHGKHUH7KH3DU

ODPSLVPDQXIDFWXUHGDVDV$&/ $LU
&UDIW/DQGLQJ/DQGLQJ/LJKW 9HU\1DUURZ1DUURZ0HGLXPDQG:LGHODPS
YDULWLHV7KHODPSVDUHQDPHGIRUWKHLU%HDP6SUHDGZKLFKLVGHWHUPLQHGE\WKHLU
OHQVIDFH$FOHDUODPSIDFHZLOOHLWKHUEHD$&/RU9HU\1DUURZ7KHGLIIHUHQFH
EHWZHHQWKHWZRODPSW\SHVDUHWKHIROORZLQJ
$Q$&/KDVDYHU\VPDOOODPSILODPHQWVXUURXQGHGE\RIUHIOHFWRUDFOHDU
ODPSIDFHDQGLWLVDYROWODPS
$9HU\1DUURZ 91 KDVDFOHDUODPSIDFHDQGFRQWDLQVDGRXEOHHQGHGODPSLQD
VHDOHGHQYHORSHWKDWPD\EHVHHQ
6WUDQG3DUEOD]HU $1DUURZODPS 1 KDVVWLSSOHGIDFHRQLWWKDWSURYLGHVDPLQLPXPRIGLIIXVLRQ




0HGLXP 0HG ODPSVKDYHWHQOLQHVUXQQLQWKURXJKWRSURYLGHDQDYHUDJHDPRXQWRIGLVSHUVRQIRUPRVW


XVHV:KLOHD:LGHIORRG :LGH KDVWKLUWHHQDQGSURYLGHVIRUWKHZLGHVWFRYHUDJHSRVVLEOHIURPD3DU
W\SHODPS7KH$OWPDQ6WDU3DUDQGWKH(7&6RXUFH3DUVERWKPDNHXVHRILQWHUFKDQJHDEOHODPSIDFHVRQD
FRPPRQKRXVLQJDQGUHIOHFWRUDVVHPEO\7KH$OWPDQDQG(7&3DU/HQVHVDUHUDYDLDEOHLQWKHIROORZLQJOHQV
IDFHV9110HG:LGHDQG;ZLGH %X[RP 7KH\DUHQRWKRZHYHULQWHUFKDQJHDEOH$K\EULGGHVLJQRIWKH
XELRXTLV3DU&DQLVWKH+0,3DU,WXVHVD+0,ODPSVRXUFHLQFRPELQDWRQZLWKLQWHUFKDQJHDEOHOHQHVDQGDQ
RSWLRQDOGLPPLQJVKXWWHUIRULQWHQVLW\FRQWURO,QDGGWLRQDWRWKHDFFHVVRULHVIRUWKHKHDGDEDOODVWLV
QHFHVVDU\WRILUHWKLVW\SHRIODPS7KLVLVGRQHHLWKHUORFDOO\ZLWKDVZLWFKORFDWHGRQWKHEDOODVWRUUHPRWHO\
XVLQJD'0;DGGUHVV7KLVIXQWLRQLVFKRVHQRQWKHEDOODVWLWVHOIDQGLVGRQHWRXVXDOO\PDNHWKHRSHUDWLRQRI
WKHXQLWOHVVQRWLFHDEOHWRWKHDXGLHQFH


$OWPDQ3DU&DQ

7KRPDV3DU&DQ

70%3DU&DQ

$OWPDQ6WDU3DU
%LUGLH3DU&DQ
(7&63DU&DQ
$UUL+0,3DU&DQ
/DPS/HQV 0DQXIDFWXUH %HDP$QJOH )LHOG$QJOH 'LVWDQFH# 'LVWDQFH# 'LVWDQFH#
$&/






9HU\1DUURZ






1DUURZ






0HGLXP






:LGH






9HU\1DUURZ
6WDU3DU
[
[
[
[
[
1DUURZ
6WDU3DU
[
[
[
[
[
0HGLXP
6WDU3DU
[
[
[
[

:LGH
6WDU3DU
[
[
[
[
[
9HU\:LGH
6WDU3DU
[
[
[
[
[
9HU\1DUURZ






1DUURZ






0HGLXP






:LGH






9HU\:LGH

















$LUFUDIW/DQGLQJ/LJKWDEEUHYLDWHG
$&/QRWHILODPHQWDQGUHIOHFWRU

:LGH)ORRGDEEUHYLDWHG:)/KDVWKLUWHHQOLQHVRI
EHDPGLVSHUVLRQ






9HU\1DUURZDEEUHYLDWHG91KDVD
FOHDUOHQVEXWZLWKDGRXEOHHQGHGODPS

0HGLXP)ORRGDEEUHYLDWHG0)/KDVQLQHOLQHVRIEHDP
GLVSHUVLRQ
1RWHWKHGLIIHUHQFHLQDSSHDUDQFHRIWKH0HGLXPDQGZLGH
3DU/DPSV,WLVDVXEWOHRQHEXWLPSRUWDQWWRNQRZ




1DUURZDEEUHYLDWHG1QRWHWKH
IURVWHGOHQVIDFH




)RFXVLQJD3DU/DPSLVQRWXQOLNHDQ\RWKHUIL[WXUH
KRZHYHUXQOLNHRWKHUIL[WXUHVWKHODPSVLQDVWDQGDUGFDQ
PD\EHVSXQ7RGRVR\RXJUDVSWKHSRUFHODLQODPSEDVH
DQGWXUQWKHERWWOHDVGHVLUHG7KHUHLVRQHW\SHRIODPSWKDW
\RXGRQQRWZDQWWRGRWKLVDQGLWLVDQ$&/$&/VKDYH
VFUHZWHUPLQDOVDQG\RXZLOOUHFHLYHDVKRFN%\VSLQQLQJ
WKHODPSWKHEHDPSDWWHUQPD\EHFKDQJHGIURPDKRUL]RQWDO
RULHQWDWLRQWRDYHUWLFDORQH,QDGGLWLRQWKHODPSPD\EH
VWRSSHGDWDQ\SRVLWLRQLQDWXUQWRJLYHDGLDJRQDO
DSSHDUDQFHWRWKHEHDP7KHVHW\SHVRIODPSVDUHKHOGLQ
SODFHE\DODUJHVQDSULQJZLWKWDQJVRQWKHHQGWRIDFLOLWDWH
WKHUHPRYDORIWKHODPSIRUUHSODFHPHQWRUWRLQFUHDVH
SUHVVXUHRQWKHODPSWRHQDEOHLWWRKROGWKHODPSLQDIWHULW
LVVSXQ

5HDURI3DU&DQVKRZLQJWKHSRUFHODLQ

$ERYHGHPRQVWUDWHVDVWHHO3DU&DQZLWKLWVODPS $ERYHGHPRQVWUDWHVDVWHHO3DU&DQZLWKLWVODPS
VSXQKRUL]RQWDOO\
VSXQYHUWLFDOO\

&\F/LJKWLQJ


2SHQIDFHOLJKWLQJIL[WXUHVDUHW\SLFDOO\XVHGWROLJKWDEDFNGURSRUF\FORUDPD7KHVH
OLJKWVODFNDQ\VRUWRIOHQVDQGDUHKLJKHUODPSZDWWDJHIURPWRZDWWV

6FRRSVPD\EHDVVLPSOHDVWKHHOOLSVRLGDOVKDSHGVFRRSOLJKWRUPD\KDYHWKHDGGLWLRQDO
IXQFWLRQDOLW\WRIRFXVIURPDVSRWWRIORRGVHWWLQJ6FRRSVDUHW\SLFDOO\GHILQHGE\WKHLU
GLDPHWHUPHDVXUHGLQLQFKHVLH6FRRS

6FRRSOLJKWLQJIL[WXUHVUHWDLQFRORUXVLQJDURXQGRUVTXDUHJHOIUDPH,IQHLWKHULV
DYDLODEOHXVLQJTXLFNLHFODPSVRUFORWKHVSLQVZLOOKROGWKHFRORULQSODFH
6FRRS

:KHQHLWKHUW\SHLVXVHGWKHEOHQGLQJRIHDFKLQGLYLGXDOXQLWLVQHFHVVDU\WRFUHDWHD
XQLIRUPZDVKRIOLJKWZKHWKHUDVLQJOHFRORURUPXOWLSOHXQLWVFLUFXLWVFRORUVDUH
XVHG:KHWKHURQHXVHVVFRRSVRUPXOWLFHOOIL[WXUHVHDFKLVXVHGWRFUHDWHDVRIWZDVK
RIOLJKWRQDEDFNGURSRUERXQFH

7KH0XOWLFHOOIL[WXUHVDUHW\SLFDOO\XVHGWRGD\DQGILWLQWRWKUHHFDWHJRULHVWKHILUVWLV
NQRZQDVDVWULSOLJKWDQGXVHHLWKHUD36ODPSZLWKDVFUHZEDVHD3DUIORRGODPS3DU
RUVDVDODPSVRXUFH6WULSOLJKWVPD\XVHDURXQGHOZKLFKLVDURXQGFRORUILOWHU
PDGHIURPKLJKWHPSHUDWXUHJODVVRUFRORUPHGLDXVHGLQRWKHUW\SHVRIOLJKWLQJ
IL[WXUHV:KHQXVHGLQDQRYHUKHDGDSSOLFDWLRQWKH\DUHFDOOHGERUGHUVWULSOLJKWVRURQ
6FRRSZLWK6SRWWR
WKHIORRUDVDJURXQGURZ
)ORRGDGMXVWPHQW

7KHVHFRQGFDWHJRU\XVHVGRXEOHHQGHGODPSVDQGDUHW\SLFDOO\XVHGLQWKHQHZHUVWULSOLJKWV7KHVHODPSV
DUHWXEXODULQGHVFULSWLRQDQGGXHWRWKHLUSK\VLFDOGHVLJQDVVLVWLQEOHQGLQJPXOWLSOHXQLWVWRJHWKHU7KLVW\SH
RIIL[WXUHLVEURDGO\FDOOHGF\FVWULSV+RZHYHUWKH\PD\DOVREHFDOOHG)DU&\FVWKDWDUHW\SLFDOO\IORZQ
IURPDOLQHVHWWRLOOXPLQDWHGDERXQFHRUF\FIURPDQRYHUKHDGSRVLWLRQ)ORRUPRXQWF\FXQLWVPD\DOVRILW
LQWRWKHVDPHFDWHJRU\EXWIRUFODULILFDWLRQWKH\DUHFDOOHGJHQHUDOO\FDOOHGDJURXQGURZ$OORIWKHVHIL[WXUHV
XVHDFRORUIUDPHZKLFKDUHORDGHGZLWKKLJKWHPSHUDWXUHFRORUPHGLDRUPDNHXVHRIJODVVILOWHUVWKDWUHFHLYH
DFRDWLQJRQRQHVLGH

56WULS/LJKWZLWKKDQJLQJ,URQV )DU&\FZLWKKDQJLQJKDUGZDUH


056WULS/LJKWZLWKIORRUWUXQLRQV


7&\F6WULSZLWKIORRUWUXQLRQV

7KHWKLUGW\SHRIVWULSOLJKWLQXVHLVWKH
=LSRU0LQL6WULSV7KHVHIL[WXUHVDUH
DSSUR[LPDWHO\DTXDUWHURIWKHVL]HRIWKHLU
ODUJHUFRXQWHUSDUWV7KH\DUHXVHGLQWHU
FKDQJHDEO\ZLWKWKHLUODUJHUFRXQWHUSDUWV
7KHLUGLPLQXWLYHVL]HLVDWWULEXWHGWRWKH
XVHRI05YROWODPSVWKDWDUH
ZLUHGLQVHULHV7KHVHIL[WXUHVPDNHXVH
RIFRORUIUDPHVDQGDOVRXVHVWDQGDUG


(FRQRP\6WULS/LJKW

FRORUPHGLDRUJODVVILOWHUVIRUFRORUORQJHYLW\PD\EHLQVHUWHGLQWRRQHRIWKHWZRFRORUVORWV8VXDOO\WKH
ILUVWVORWFORVHVWWRWKHODPSZLOOFRQWDLQDKHDWVKLHOG7KHVHFRQGVORWZLOOKDYHWKHFRORUPHGLDLQVHUWHG

0LQL6WULSVXVHGDVGRZQVWDJHIRRWOLJKWV

(FRQRP\6WULSVXVHGDVD*URXQG5RZ836

,QDGGLWLRQWR
WKHSUHYLRXV
VWULSOLJKWW\SHV
DYDULDQWH[LVWV
7KHVHVWULS
OLJKWVDUHWKH
HFRQRP\
6WULS/LJKWVE\
$OWPDQ7KH
GLVWLQFWLYH
IHDWXUHRIWKHVH
LVWKHDELOLW\WR
XVHWKHP
VLQJXODUO\RU
(FRQRP\6WULSOLJKWVEDUUHOEROWHGWRJHWKHUWRIURPDILYHXQLWVWULS1RWHWKHOHWWHU*
EDUUHOEROWHG
WKDWLQGLFDWHVLWLVWKHVHYHQWKXQLWIURP6/DQGWKHILVWVSDFHEHWZHHQWKHXQLWV
WRJHWKHUWR
IRUPD
WUDGLWLRQDOPXOWLFRORUFLUFXLWVWULSOLJKW7KHVHIL[WXUHVXVHD
OLJKWZHLJKWFRORUIUDPHWKDWLVEHQWLQWRDQDUFDQGILWWHGRYHUWKH
ODPSDVVHHQLQWKH*URXQG5RZSKRWR

$V\RXFDQVHHLQWKH)DU&\F&URVVVHFWLRQWKHXQLWVFRQWDLQDQ
DV\PPHWULFDOUHIOHFWRU7KHXQLWVKDYHVSHFLILFRULHQWDWLRQVZKHQ
WKH\DUHKXQJDVDQGRYHUKHDGF\FZDVKDQGDVDJURXQGURZ
:KHQWKH\DUHKXQJIURPDOLQHVHWWKHVKRUWHVWOHJRIWKHUHIOHFWRU
ZLOOEHKXQJFORVHVWWRWKHWRSRIWKH&\FGURSRUERXQFH,IWKH\
DUHXVHGDVDJURXQGURZWKHVKRUWHVWOHJRIWKHUHIOHFWRUZLOOEH
FORVHVWWRWKHJURXQG7KHUHDVRQLQJIRUWKLVLVWKHPD[LPXP
DPRXQWRIOLJKWZLOOEHSURMHFWHGRQWRWKHEDFNJURXQG

:KHQXVLQJDQ\W\SHRI6WULSOLJKWRU)DU&\FW\SHXQLWVSHFLDO
%DVLF&URVV6HFWLRQRI)DU&\F
DWWHQWLRQQHHGVWREHSDLGWRFLUFXLWLQJWKHVHW\SHVRIXQLWVLQRUGHU



QRWWRH[FHHGWKHORDGFDSDFLW\RIWKHGLPPHUVWKH\DUHSDWFKHGLQWR7\SLFDOGLPPHUVDUH.HDFKRQHRI
WKHVHXQLWVFDQEHXSWRZDWWVSHUFHOODFHOOEHLQJRQHFRORU6RWKHDELOLW\WRWZRIHUWKHPDUHOLPLWHGWR
WZRPD[LPXPXQLWVZKHQHDFKODPSLVZDWWV:KHQVWULSOLJKWVDUHXVHGWROLJKWDF\FRUEDFNGURS
WKHVHXQLWVDUHKXQJVSDQQLQJWKHZLGWKRIWKHVWDJH(DFKXQLWKDVDVSHFLILFFRORULQHDFKFHOO(DFKRQHRI
WKHVHFHOOVDUHWKHQSDLUHGXSWKURXJKDFRPELQDWLRQRIORDGSDWFKLQJZLWKWZRIHUVDQGFRQWUROSDWFKLQJWR
IRUPDFRQWUROODEOHFRORUZDVKRQWKHEDFNGURSRU&\F

:KHQXVLQJWKHVHIL[WXUHVYLJLODQFHLVQHFHVVDU\LQFKHFNLQJIRUFRORUWKDWKDVEHHQSXQFKHGRXWZKHQ
KDQJLQJWKHIL[WXUHVGXHWRWKHODUJHVL]HJHOVRPHRIWKHVHXQLWVXVH,QDGGLWLRQOLJKWOHDNVLQVRPHW\SHVRI
&\FXQLWVPD\EHSUREOHPDWLF7RFRUUHFWWKLVSUREOHP%ODFN7DFRU*DIIHUVWDSHLVXVHGWRIRUPDVHDO
DURXQGWKHJHOOIUDPHDQGWKHJHOOKROGHU


0D]GD2SHQ)DFH
/LJKWVF









6WLFN8S

$XGLHQFH%OLQGHU

7ZLQ)ORRG/LJKW
F

0LQLRU0LQL.LQJ

2WKHU2SHQ)DFH)L[WXUHV

,QDGGLWLRQWRWKHIL[WXUHVXVHGWRLOOXPLQDWH&\FVJHQHUDO
EDFNGURSDQGGRZQOLJKWLQJ2SHQIDFHOLJKWLQJIL[WXUHVDUH
DOVRVFDOHGGRZQLQVL]HDQGZDWWDJHVWRSURYLGHDODUJH
DUHDVRIVRIWGLIIXVHGOLJKW

/LNHWKHODUJHUOLJKWLQJIL[WXUHVWKHVHKDYHDFRORUIUDPHRQ
WKHLUIDFH7KH%URDGDQG5XQWVDUHDEOHWRGRVRZLWKD
KLJKHUGHJUHHRIVXFFHVVGXHWRWKHGLVWDQFHEHWZHHQWKH
ODPSDQGFRORUKROGHU7KH0LQLVDQGVWLFNXSVEXUQ
WKHFRORUXSDOPRVWLPPHGLDWHO\EHFDXVHWKHFRORULVVR
FORVHWRWKHODPSVRXUFH7KHVHIL[WXUHVDUHJHQHUDOO\XVHG
ZHUHWKHUHLVOLPLWHGVSDFHWRLQVWDOODOLJKWLQJIL[WXUH
7KHVHDUHDVPD\EHEDFNLQJOLJKWVIRUGRRUZD\VPXOWL
OHYHOVHWVDQGHYHQLQVLGHEDUV




5XQW

,QDGGLWLRQWRWKHOHQVOHVVRSHQIDFHIL[WXUHVWKDWXVH
WXEXODUODPSVRXUFHVWKHUHDUHRWKHUVGHYHORSHGWR
LOOXPLQDWHODUJHDUHDVRIDQ$UHQDKRVWLQJ5RFNDQG
5ROOVKRZVDQGHYHQWVRIWKHOLNH7KHVHDUH
FRPPRQO\NQRZQDV$XGLHQFH%OLQGHUVRUDV(LJKW
/LJKWV WKHQXPEHURIEXOEVIRUPLQJWKHQDPH 
7KHVHXVH3DUODPSVDQGWKHW\SHRIODPSVZLOO
YDU\GHSHQGLQJRQFRYHUDJHQHHGVRUWKHORRN
UHTXLUHG7KHVHW\SHVRIIL[WXUHVKDYHWKHQRUPDO
3DQDQGWLOWDVVRFLDWHGZLWKRWKHUW\SHVRIIL[WXUHV
7KH\PD\DOVRKDYHWKHDGGLWLRQDODELOLW\WRIRFXV
EDQNVRIOLJKWWRVSHFLILFDUHDVLQVWHDGRIRQO\


%URDG/LJKW

$XGLHQFH%OLQGHURU
(LJKW/LJKWV

SDQQLQJLQRQHGLUHFWLRQ&RORULVJHQHUDOO\OLPLWHGWRZKLWHXQOHVVDQDGDSWHUULQJLVXVHGWRKROGFRORU
PHGLDRUFRORUFKDQJHUV

)LQDOO\WKHUHLVRQHODVWW\SHRI2SHQ)DFHGOLJKWLWLVD%HDP3URMHFWRU7KH
EHDPSURMHFWRULVDODPSWKDWSURMHFWVDEHDPRIOLJKW,QWKLVSDUWLFXODUIL[WXUH
WKHUHDUHWZRGLIIHUHQWUHIOHFWRUVLQXVH7KHILUVWLVDVSKHULFDOUHIOHFWRUORFDWHG
OLNHRWKHUVDWWKHEDFN,QDGGLWLRQWKHUHLVSDUDEROLFUHIOHFWRUORFDWHG
LPPHGLDWHO\LQIURQWRIWKHODPS,QDGGLWLRQWKHUHPD\EHLVDVHULHVRIULQJV
ZKLFKFRQFHQWULFDOO\JHWVPDOOHUDVWKHLUORFDWLRQEHFRPHVFORVHUWRWKHFHQWHU
7KLVULQJRIEDIIOHVWDNHVDGYDQWDJHRIWKH)UHVQHO(IIHFW+RZHYHUZLWKRXWOHQV
/RZ9ROWDJH%HDP
WKHVHULQJVVLPSO\KHOSIRFXVWKHEHDQRIOLJKWLQWRDFRQFHQWUDWHGVRXUFH7KHVH
3URMHFWRU
IL[WXUHVW\SLFDOO\KDYHDVSRWWRIORRGDGMXVWPHQWZKLFKJHQHUDOO\KDVPLQRU
DIIHFWRQWKHVL]HEHDPSURMHFWHG7KHVDPHEHDQSDWWHUQFDQEHUHDOL]HGE\XVLQJ
D3DU$&/RU5DLQ/LJKWUHIOHFWRULQD3DUIL[WXUH









S-ar putea să vă placă și