Metres in Tamil Bhakti Literature and the Problem of their (occasional) Description in Treatises...

0HWUHVLQ7DPLOKDNWLLWHUDWXUHDQGWKH3UREOHPRIWKHLURFFDVLRQDOHVFULSWLRQLQ7UHDWLVHV

6WXGLHVLQ7DPLO0HWULFV13

-HDQXFampKHYLOODUG

QWURGXFWLRQ

7KHSUHVHQWDUWLFOHLVDQDWWHPSWWRJLYHDELUGؾVHHYLHZRIWKHPHWUHVIRXQGLQWKH7DPLOGHYRWLRQDOSRHWUZKLFKSODVDQGKDVSODHGIRUPDQFHQWXULHVDQLPSRU

137KLVDUWLFOHLVDWRNHQRIPJUDWLWXGHWR0U59DUDGDGHVLNDQZKRPKDYHNQRZQIRUPDQجHDUVIRUSURYLGLQJPHZLWKLQVSLUDWLRQDQGJXLGDQFHLQDWOHDVWIRXUGRPDLQV7KHUHZDVUVWOLQWKHHDUWKHLQWHOOHFWXDOFKDOOHQJHQRWHWDQVZHUHGgtEXWWKLVDUWLFOHذذهPLJKWEHDUVWVWHSLQWKDWGLUHFWLRQWRGRIRUWKH1AtildeOAtildeLUDW7LYYLDSSLUDSDQWDPWKHHTXLYDOHQWRIZKDWZDVEHLQJGRQHIRUWKH7OtildeYAtildeUDPQDOOSXEOLVKHGRUفKSRVWDVLHGقDVDampLQRQWKHEDVLVRIWKHXQSXEOLVKHGGRFXPHQWVSUHSDUHGEWKHقLJLWDO7OtildeYAtildeUDPفlt520ODWH906XEUDKPDQD$DUgtظ

7KHUHZDVVHFRQGOPDGPLUDWLRQIRUKLVYHUذذه ORQJUDQJHHRUW LQFDWDORJXLQJWKHEXQGOHVRIWKH()(2SDOPOHDIPDQXVFULSWVDQHQGHDYRXUZKLFKZDVVWDUWHGGXULQJWKHHDUZKHQZDVWKHKHDGRIWKH()(23RQGLFKHUUampHQWUHDQGZKLFKLVVWLOOJRLQJRQLQKDYLQJEHHQFRPSOHWHGWRWKHH[WHQWRIVHHPDQQRXQFHPHQWLQWKHLVVXHRI3DWWULNDWKHXOOHWLQRIWKH)UHQFK5HVHDUFKQVWLWXWHVLQQGLDGDWHG-XO

7KHUHZDVWKLUGOPDFNQRZOHGJHPHQWWKDWGXULQJWKHSDVWWZHQWHDUVKHKDVRHQJLYHQذذهSUHFLVHDQVZHUVZKHQHYHUFDPHWRFOHDUPGRXEWVZLWKKLPFRQFHUQLQJ9DLҢDYDOLWHUDWXUH

LQH[SODLQLQJZLWKREYLRXVSHGDJRJLFDOVNLOOVظLQ7KHUHZDVQDOOKLVWLPHOKHOSذذهWRWKHRXWVLGHZRUOGZKHQH[WHUQDOYLVLWRUVFDPHWRYLVLWKLPWKHQHFHVVLWWRSUHVHUYHWKHJHQHUDONQRZOHGJHFRQFHUQLQJWKHUDQWKDVFULSWZKLFKLPSOLHGgtDOWKRXJKKHFRXOGQRWVDLWKLPVHOI WKDWWKHUDQWKDVFULSWKDGWREHLQFOXGHGLQWKHIRUWKFRPLQJXSGDWHVRIWKH8QLFRGHVWDQGDUG$OWKRXJK0U 5 9DUDGDGHVLNDQKDVSUREDEOQHYHUXVHGDFRPSXWHUKLPVHOIKLVH[SODQDWLRQVWRYLVLWRUVVHHNLQJHQOLJKWHQPHQWFRQFHUQLQJWKHSUDFWLFDOLWLHVRI6DQVNULWRU0DLSUDYAtildeѶDPERRNVHGLWLRQV LQ6RXWKHUQQGLDFHUWDLQOSODHGDQLPSRUWDQWUROH LQفXLGLড়LQJقZKDWPLJKWKDYHRWKHUZLVHDSSHDUHGDVDSROLWLFDOOEORFNHGVLWXDWLRQVHHWKHOLQNKWWSQLUDSSLULNDLEORJVSRWFRPEORJSRVWBKWPO

7KLVDUWLFOHGHDOVRQOZLWKWKHIRUP7KHUHDGHUZKRLVLQWHUHVWHGLQWKHFRQWHQWRIWKLVOLWHة

0DSSLQJWKHampKURQRORJRIKDNWL

WDQWUROH LQWKHOLIHRIWKRVHZKRDUHGHYRWHHVRIĜLYDRURI9LҢXDQGLVRHQUHIHUUHGWRDV7DPLOKDNWLOLWHUDWXUH7KHHOHPHQWRQZKLFKPH[SORUDWLRQFRQFHQWUDWHVLVWKHVWDQ]DDWHUPIRUZKLFKVKDOOWUWRJLYHDSUHFLVHGHQLWLRQODWHUEXWZKLFKVKDOOUVWGHQHLQDSUHOLPLQDUZDDVWKHEDVLFVHPDQWLFEXLOGLQJEULFNRPZKLFKPRVWRIWKRVHGHYRWLRQDOFRPSRVLWLRQVDUHPDGH7KRVHHOHPHQWDUEULFNVDUHKRZHYHUQRWDOO LGHQWLFDO LQIRUPDQGDWWHPSWKHUHWRHQXPHUDWHDVH[KDXVWLYHODVSRVVLEOHWKHYDULRXVVHWVRIPHWULFDOFKDUDFWHULVDWLRQVXQGHUZKLFKWKHKDYHEHHQVDLGWRIDOOEWKHYDULRXVHGLWRUVWKDQNVWRZKRPWKHWH[WRIWKRVHFRPSRVLWLRQVLVDYDLODEOHWRXV7KLVSUHVHQWVXVZLWKWZRDGGLWLRQDOGLFXOWLHV7KHUVWRQHLVWKDWZHRFFDVLRQDOOVHHGLHUHQFHVRIRSLQLRQEHWZHHQHGLWRUVFRQFHUQLQJWKHPHWULFDOFDWHJRUXQGHUZKLFKDVSHFLFVWDQ]DRUJURXSRIVWDQ]DVIDOOV7KHVHFRQGGLFXOWOLHVLQWKHIDFWWKDWWKHUHLVQRXQLYHUVDOODJUHHGXSRQVLPSOHVVWHPIRUUHIHUULQJFRQFLVHOWRDOOWKHSDUWVRIVXFKDYDVWHQVHPEOHRIWH[WV)RUWKDWUHDVRQDSDUWRIWKLVVWXGKDGWREHGHYRWHGWRDFRPSDULVRQRIWKHZDVLQZKLFKWKHGDWDH[DPLQHG LVSUHVHQWHG LQWKHYDULRXVHGLWLRQVZKLFKKDYHEHHQFRQVXOWHG$QDGGLWLRQDOUHPDUNLQWKLVUHVSHFWLVWKDWLWKDVVHHPHGWRPHLPSRVVLEOHWRLJQRUHHGLWLRQVZKLFKPLJKWEHGHVFULEHGDVفSRSXODU8قQOLNHWKHDQFLHQWFODVVLFDO7DPLOOLWHUDWXUHRHQUHIHUUHGWRDV6DQJDPgtampDNDPOLWHUDWXUHZKLFKGRHVQRWKDYHPDQUHDOOLYLQJUHDGHUVRULQWHUSUHWHUV7DPLOGHYRWLRQDOOLWHUDWXUHKDVDPXFKODUJHUDSSHDODOWKRXJKVRPHLWHPVLQWKHFRUSXVDUHFHUWDLQOPXFKPRUHSRSXODUWKDQRWKHUV7KHUHIRUHKDYHDWWHPSWHGDVIDUDVSRVVLEOHWRSURYLGHWH[WXDOUHIHUHQFHVZKLFKDUHXVDEOHDOVRZLWKVRPHRIWKHFXUUHQWODYDLODEOHHGLWLRQVHYHQWKRXJKWKHPDQRWDSSHDUDVفVFKRODUOقEHFDXVHWKHDUHSDUWRIWKHWH[WXDOUHDOLWRI7DPLOGHYRWLRQDOOLWHUDWXUHIZHت WDNH WKH FDVHRIĜDLYD OLWHUDWXUH DQG LWV FDQRQLFDO VHULHVRIERRNV WKH3DГГLUX7LUXPXЩDL7فZHOYH6DFUHG6HULHVقKHQFHIRUWK370RQHRIWKHSRSX

UDWXUHFDQFRQVXOWampKDPSDNDODNVKPL+DUGURVLOGHQIRUWKFRPLQJDQGPDQRWKHUERRNVقRPRJHQHRXVJURXSVRIVWDQ]DV+فܓ6HH6HFWLRQةWDNHDVDQHFHVVDUFULWHULRQWKDWDVFKRODUOHGLWLRQVKRXOGPHQWLRQYDULDQWVXWDWWKHVDPHةWLPHDFNQRZOHGJHWKHIDFWWKDWWKHSULPDURUPRVWHTXHQWUHDVRQIRUSHRSOHLQ7DPLO1DGXWRDFTXLUHWKHWH[WVZKLFKZLOOEHGLVFXVVHGLQWKLVDUWLFOHLVWKHLUEHORQJLQJWRDVSHFLFUHOLJLRXVFRPPXQLW7KLVGRHVQRWPHDQKRZHYHUWKDWWKHZLOOQRWSUHIHUDJRRGTXDOLWHGLWLRQXWKHDULQJDERXWفYDULDQWVقLVSUREDEOQRWDSULPDUFRQFHUQIRUWKHPZKLFKDUHقKPQVف6HYHUDORIWKHWZHOYH7LUXPXЩDLVDUHFROOHFWLRQVRIقWZHOYHف3DГГLUXLVةPRVWRIWKHPPDGHXSRIVHYHUDOفVWDQ]DVقVHHGLVFXVVLRQRIWKHWHUPODWHU2WKHU7LUXPXЩDLVVXFKDVWKHHOHYHQWKFRQWDLQFRPSRVLWLRQVZKLFKKDYHDPRUHFRPSOH[VWUXFWXUHWKDQVLPSOHKPQV2QHRIWKHPHDQLQJVRIPXЩDLLVفRUGHURIFRQVWLWXHQWVZLWKLQDVHULHVقDQGWKHXVHRIWKHSUH[WLUXH[SUHVVHVWKHVDFUHGQHVVRIWKRVHFROOHFWLRQVRUWKHVDNHRIEUHYLWPDUHIHUWRLQGLYLGXDO7LUXPXЩDLVEDGGLQJDQXPEHU7KXVWKH(ة7OtildeYAtildeUDPZKLFKLVWUDGLWLRQDOOGLYLGHGLQVHYHQSDUWVZKLFKDUHUHIHUUHGWRDVف)LUVW7LUXPXЩDLقܖPDEHUHIHUUHGWRDV370WR370ق6HYHQWK7LUXPXЩDLفXSWRق6HFRQG7LUXPXЩDLف

0HWUHVLQ7DPLOKDNWLLWHUDWXUH

ODUHGLWLRQVFXUUHQWODYDLODEOHLQERRNVKRSVLVDWKLFNRQHYROXPHHGLWLRQampXSSLUDPDLD҈DKHQFHIRUWK370$ZKLFKFRQWDLQVLQSDJHV$VL]HSULQWHGRQWZRFROXPQVWKHVRXUFHWH[WPĭODPZLWKRXWFRPPHQWDUXUDLEXWZLWKVXEVWDQWLDOLQWURGXFWRUQRWHVRIFRPSRVLWLRQVEWZHQWVHYHQSRHWVDLQWVZKLFKKDYHEHHQUHFLWHGRUVXQJLQKRQRXURIĜLYDIZHFRQVLGHUQRZWKH9DLҢDYDFRUSXVWKH1AtildeOAtildeLUDW7LYYLDSSLUDSDQWDPف)RXU7KRXVDQGLYLQHampRPSRVLWLRQVقKHQFHIRUWK1$73WZRRIWKHHGLWLRQVZKLFKVHHPWREHFXUUHQWOSRSXODUDQGHDVLODYDLODEOHDUHWKH)amp2HGLWLRQLQWZRYROXPHVDQGWKH-($75$ҫamp$$HGLWLRQLQRQHYROXPHUHIHUUHGWRUHVSHFWLYHOLQZKDWIROORZVDV1$73DQG1$73VHHELEOLRJUDSK7KHIRUPHUFRQWDLQVRQOWKHVRXUFHWH[WRIWZHQWWKUHHFRPSRVLWLRQVEWZHOYHSRHWVDLQWVZKHUHDVWKHODWWHU DOVRFRQWDLQVLQDGGLWLRQWRWKDWDPRGHUQ7DPLOFRPPHQWDUDQGDQ(QJOLVKWUDQVODWLRQ

$VLQGLFDWHGQRQHRIWKRVHHGLWLRQVFDQEHVDLGWREHWRWDOOVFKRODUODOWKRXJKWKHKDYHWKHLUURRWVLQHDUOLHUHGLWLRQVVRPHRIZKLFKZHUHFORVHUWRWKHVWDQGDUGVRIWH[WXDOFULWLFLVPEHFDXVHWKHKDGEHHQPDGHRQWKHEDVLVRIPDQXVFULSWVIZHFRQVLGHUUVW WKH370DQG LIZH OLPLWRXUVHOYHV WR LWV LQLWLDOSDUWZKLFK LVFDOOHG7OtildeYAtildeUDPDQGZKLFKRFFXSLHVWKHPDMRUSDUWRIWKHUVWSDJHVLQWKHSDJHVRI370$RQHRIWKHPRVWVFKRODUORIDOOH[LVWLQJHGLWLRQVLVSUREDEOWKDWRI79 RSDOHUZLWKDORQJLQWURGXFWLRQE)UDQcopyRLVURVEHFDXVHLWOLVWVDOOWKHYDULDQWVIRXQGLQDOOWKHSUHFHGLQJHGLWLRQVDQGLQDQXPEHURI

6LPLODUOWKH7LUXYAtildeFDNDPZKLFKDORQJZLWKWKH7LUXNNďYDLAtildeULVFDOOHG(LJKWK7LUXPXЩDLZLOOEHUHIHUUHGWRRFFDVLRQDOODV370WKH7LUXYLFDLSSAtilde7LUXSSDOOAtildeБзXDV370WKH7LUXPDQWLUDP DV 370 WKH (OHYHQWK 7LUXPXЩDL 3DWLQďUAtildeQ 7LUXPXЩDL DV 370 DQG WKH3HULDSXUAtildeБDPDV370ܛWKLUGHGLWLRQRUWKLUGEHFDXVHLWZDVDOUHDGLQLWVPĭГЩAtildePSDWLSSXقSRSXODUفFDOOWKLVHGLWLRQةUHSULQWLQ6HSWHPEHUWKHUVWHGLWLRQKDYLQJDSSHDUHGLQHFHPEHUܖLQ370$7KHUHLVRIFRXUVHDORWRIظج7KLVFRXQWLVEDVHGRQWKHFKDUWIRXQGRQSSةGLHUHQFHVEHWZHHQWKRVHFRPSRVLWLRQVEHFDXVHWKHVKRUWHVWRQHDWWULEXWHGWRSRHWQRجFRQWDLQVRQORQHVWDQ]DDQGLVKLVRQOFRPSRVLWLRQZKHUHDVWKHORQJHVWRQHDWWULEXWHGWRSRHWQRجDOLDVampOtildeNNLѺAtildeUFRQWDLQVVWDQ]DV7KHYDVWPDMRULWRIFRPSRVLWLRQVKRZHYHUKDYHRQORUVWDQ]DVDQGDUHUHIHUUHGWREPHKHUHDVفKPQVقHVKDOOVHHPRUHDERXWWKLVODWHU7LYDDOVRVSHOOHGWLYYLDLVWKHWDPLOLVHGIRUPRI6DQVNULWGLYDقRXUWKRXVDQG(ف1AtildeOAtildeLUDPLVة3LUDSDQWDPLV6DQVNULWSUDEDQGKD$VZHVKDOOVHHWKHSUHFLVHPHWKRGIRUDUULYLQJDWDقGLYLQHفFRXQWRIYDULHVRPHGLWLRQWRHGLWLRQQWKLVDUWLFOHIRUWKHVDNHRIEUHYLWVKDOOUHIHUWRWKHIRXUELJVXEGLYLVLRQVRI1$73DVة1$731$731$73DQG1$73DQGVKDOORFFDVLRQDOOUHIHUWRLQGLYLGXDOFRPSRVLWLRQV LQ WKH1$73E DGGLQJQXPEHUV)RU LQVWDQFH WKH7LUXSSAtildeYDL FDQEH UHIHUUHG WR DV1$737KRVHDEEUHYLDWLRQVDUHSUHVHQWHGLQampKDUWVWRVHH6HFWLRQDQGWKHPDLQDEEUHYLDWLRQVDUHOLVWHGLQWKHELEOLRJUDSKUDQcopyRLVURV(ةO[YLLPHQWLRQVفPRUHWKDQWZHOYHKXQGUHGHPHQGDWLRQVVXSSOLHGWRWKHUHIHUHQFHHGLWLRQ7قKHDUHOLVWHGDQGGLVFXVVHGLQ79RSDOHUO[[[L[FO[[LLHDOVRKDYHDOLVWRISAtildeзDSOtildeWDЏNDЁLQ79RSDOHUظ


PDQXVFULSWVZKLFKKDGQRWEHHQFRQVXOWHGEWKHHGLWRUVRIHDUOLHUHGLWLRQVQWKHFDVHRIWKH1$73WKHPRVWVFKRODUORIWKHHGLWLRQVZKLFKZDVDEOHWRFRQVXOWLVSUREDEOWKH0XUUD5DMDPHGLWLRQLQIRXUYROXPHV1$73LQELEOLRJUDSKZKLFKDOVROLVWVDOOWKHYDULDQWUHDGLQJVNQRZQDWWKHWLPHZKHQLWZDVSULQWHGDQGDOOWKHHDUOLHUHGLWLRQV7KDWHGLWLRQZDVVWDUWHGXQGHUWKHOHDGHUVKLSRI69DLAtildeSXUL3LѶѶDLDQGZDVFRQWLQXHGDHUKLVGHDWKEWKHPHPEHUVRIKLVWHDPRIFROODERUDWRUV

0HWULFDOWH[WDQGVDQGKLVSOLWWH[Wܐ$VKDYHSRLQWHGRXWLQampKHYLOODUGDWDFRQIHUHQFHRUJDQL]HGE1)77QHLWKHU79RSDOHUظQRU1$73FDQEHFRQVLGHUHGDVDQXOWLPDWHDQVZHUWRWKHTXHVWLRQZKLFKWH[WVKRXOGDPRGHUQHGLWLRQRI7DPLOGHYRWLRQDOOLWHUDWXUHSURYLGHLWVUHDGHUZLWK7KHUHDVRQLVWKDWWKHWH[WSURYLGHGEERWKWKRVHHGLWLRQVLVDفVDQGKLVSOLWWH[WقZKHUHDVWKHWH[WZKLFKKDVEHHQWUDQVPLWWHGRYHUWKHFRXUVHRIFHQWXULHVLVDفPHWULFDOWH[W7قKHGLHUHQFHEHWZHHQWKHVHWZRPRGHVRISUHVHQWDWLRQFDQEHH[SODLQHGLQDSUHOLPLQDUZDEFRPSDULQJURZDQGURZLQampKDUWZKHUHRQHVWDQ]DRPWKH7OtildeYAtildeUDPLVWDNHQDVDQLOOXVWUDWLRQ

ampKDUWVDQGKLVSOLWWH[WYVPHWULFDOWH[Wܐ7OtildeYAtildeUDPة

H[LFDOOHYHO79RSDOHUؾVWH[W

FHQQHODPNDЅDГLSSDЅDГDWWXDDOOtildeFHЅXPSXГГDLYHБNLЅLLOSDYDЁDPSXUDLSĭQWDUAtildeWXГГLQDOLPDLďUPXзLWďNDЅDOiacuteUFROiacuteUSLГГXFHsup3FDзDLLOSLЩDLSAtildePSXXзDГYDLWWDWOtilde

0HWULFDOHYHO3URMHFW0DGXUDLWH[W

FHQQHODЏNDЅDГLSSDЅDГDWWDDOOtildeFHЅXPSXГГDLYHБNLЅLLЩSDYDЁDPSXUDLSĭQWDUAtildeWXГГLQDOOLPDLďUPXзLWďNDЅDOiacuteUFROiacuteUSLГГXFHsup3FDзDLLЩSLЩDLSAtildePSXзDГYDLWWDWOtilde

O[YLLجRQFHUQLQJWKHVWDWXVRIWKHHGLWLRQ)UDQcopyRLVURVZULWHVLQKLVORQJLQWURGXFWLRQRQSampةWKHXVXDOSULQFLSOHVRIWH[WXDOFULWLFLVPDUHKDUGOSHUWLQHQWWRDWH[WZKLFKLVDOVRYHUPXFKفGLXVHG2QWKHRWKHUKDQGWKHUHLVWRWKLVGDQRPHDQZKLFKZRXOGOHDGWRHVWDEOLVKLQJDFHQVXVRIYDULHWLHVRIWKHďWXYAtildeUWUDGLWLRQQVKRUWZHWHQGWRFRQVLGHUWKLVHGLWLRQDVWKHSUHFULWLFDOVWDJH LQGLVSHQVDEOHWRWKHGHYHORSPHQWRIDVWULFWHUWH[WXDOVWXGHWRQHEDVHGRQSULQFLSOHVRWKHUWKDQWKHFRGLFRORJDQGHVSHFLDOORQWKHPHWULFDODQDOVLVDQGIRUPXODHgtق$QLPSRUWDQWH[SUHVVLRQLQWKLVVWDWHPHQWLVفSUHFULWLFDOVWDJHق90ة 6XEUDKPDQD$DUWUDQVODWHVWKLVYHUVHDVIROORZV2KRUGZLWKZKRVHIHHWWKHفFURZQVRIWKHJRRGWHYDUFORVHOFRPHLQWRFRQWDFWLQ3ĭQWDUAtildeZKHUHEWKHVLGHVRIWKHWDQNVDGMDFHQWWRWKHUHGSDGGHOGVWKHRZHUVRI3X҈҈DLPDVWZRRGWUHHUHVHPEOHFRUDOOLQJRQDZKLWHFORWKSOHDVHWHOOPHWKHUHDVRQIRUKDYLQJSODFHGWKHFUHVFHQWZLWKWKHFREUDLQWKHUHGDQGHQWZLQLQJFDзDLق6HHELEOLRJUDSKLJLWDO7OtildeYAtildeUDP


OH[LFDOOHYHODWH[WGLYLGHGLQWRIRXUOLQHVDQGHVHHLQWKHXSSHUSDUWRIampKDUWتHDFKRIWKRVHOLQHVFRQWDLQVEODQNVSDFHVVHSDUDWLQJZRUGV0HDQZKLOHZHVHHLQWKHORZHUSDUWPHWULFDOOHYHODWH[WFRQVLVWLQJRIIRXUPHWULFDOOLQHVDзLHDFKRIWKHPFRQWDLQLQJYHPHWULFDOXQLWVWUDGLWLRQDOOFDOOHGFiacuteUفPHWULFDOIHHWقHFDQUHDGLQ79RSDOHUWKDWKHWKLQNVWKDWWKHVWDQ]DXQGHUFRQVLGHUDWLRQREHVDVHWRIPHWULFDOVSHFLFDWLRQVGHVLJQDWHGEWKHWHFKQLFDOH[SUHVVLRQNDOLQLODLWWXЩDLDQGFDQEHIXUWKHUH[SODLQHGDVIDOOLQJXQGHUDQLFRQLFIRUPXODH[SUHVVLEOHDVفWOtildePAtildeNĭYLЁDPNĭYLЁDPNĭYLЁDPNĭYLЁDPقDV LVPDGHFOHDUEWKHSDUWLDOVFDQQLQJJLYHQLQampKDUW

ampKDUWܐ6FDQQLQJRIOLQHVDQGLQ7OtildeYAtildeUDPة

$ҫampigrave5WHPSODWH فWOtildePAtildeقFHQQHampigrave5ampigrave5WHPSODWH فNĭYLѶDPقODNDѺDampigrave5ampigrave5WHPSODWH فNĭYLѶDPق҈LSSDѺDampigrave5ampigrave5WHPSODWH فNĭYLѶDPق҈DWWDDampigrave5ampigrave5WHPSODWH فNĭYLѶDPقOOtildeFHѺXPampigrave5$ҫ

$ҫampigrave5WHPSODWH فWOtildePAtildeقSX҈҈DLampigrave5ampigrave5WHPSODWH فNĭYLѶDPقYHNLѺLampigrave5ampigrave5WHPSODWH فNĭYLѶDPقLҞSDYDampigrave5ampigrave5WHPSODWH فNĭYLѶDPقѶDPSXUDLampigrave5ampigrave5WHPSODWH فNĭYLѶDPقSĭQWDUAtildeampigrave5$ҫHWF

$ҫLQGLFDWHWKHEHJLQQLQJDQGWKHHQGRIDPHWULFDOOLQH$ҫDQG7KHWDJVتZKHUHDVWKHWDJVampigrave5DQGampigrave5LQGLFDWHWKHEHJLQQLQJDQGWKHHQGRIDPHWULFDOIRRWFiacuteU$VIRUWKHWUDGLWLRQDOGHVLJQDWLRQVWOtildePAtildeDQGNĭYLЁDPXVHGDVQDPHVIRUWKHWHPSODWHWKHDUHFRQYHQWLRQDOLFRQLFGHVLJQDWLRQVIRUUHIHUULQJWRZKDWLVFRPPRQLQWHUPVRIVOODELFVWUXFWXUHWRWKHVWULQJVفFHГГHقDQGفSXГГDLقRQWKHRQHKDQGDQGWRفODЏNDЅDفقГLSSDЅDفقГDWWDDفقOOtildeFHЅXPفقYHБNLЅLفقLЩSDYDفقЁDPSXUDLقDQGفSĭQWDUAtildeقRQWKHRWKHUKDQGRZHYHULQRUGHUWRKDYHDPRUHFRPSOHWHUHSUHVHQWDWLRQZHPXVWDGGDQRWKHU+تODHUZKLFKLVWKHPXVLFDOODHUEHFDXVHWKHVWDQ]DVRIWKH7OtildeYAtildeUDPDUHLQWHQGHGWREHVXQJXVLQJDSDUWLFXODUPHORGDQGDSDUWLFXODUPXVLFDOPRGHRUSDБZKLFKLQWKHFDVHRIWKLVVWDQ]DLVFDOOHGLQWDЁDP7KHIROORZLQJFKDUWDWWHPSWVWRFDSWXUHWKLVFRPSOH[LW

XOOXQGHUVWDQGLQJWKLVFRPSOH[LWZRXOGUHTXLUHH[SORULQJWKHUHODWLRQVKLSEHWZHHQWKH(ة


ampKDUWLHUDUFKRIOHYHOV+ة

$ 0XVLFDOOHYHO ampHQQHODЏNDЅDГLSSDЅDГDWWDDOOtildeFHЅXP

6XQJZLWKDPHORGLQLQWDЁDP

0HWULFDOOHYHO ampHQQHODЏNDЅDГLSSDЅDГDWWDDOOtildeFHЅXP

)HHWUHFLWHGPHWULFDOO

amp H[LFDOOHYHO FHQQHODPNDЅDГLSSDЅDГDWWXDDOOtildeFHЅXP

RUGVUHDGDVSODLQWH[W

6HPDQWLFOHYHO UHGSDGG0253+HOGWDQN2DGMDFHQWWRIHUWLOH

RUGVXQGHUVWRRG

IRUZKLFKDKPQVXFKDV7OtildeYAtildeUDPZDVLQWHQGHGZDVULWXDOقQRUPDOXVHف7KHتVLQJLQJQWZHQWLHWKFHQWXUQGLDWKHUHVWLOOH[LVWHGVFKRROVIRUSURIHVVLRQDOVLQJHUVFDOOHGďWXYAtildeUVHHPDJHZKHUHGXULQJDSHULRGRIYHHDUVRXQJERVZRXOGEHWUDLQHGLQWKHSURSHUZDRIVLQJLQJKXQGUHGVRIKPQV7KLVFRUUHVSRQGVWRHYHO$LQampKDUWܒ

PHWULFDOOHYHOOHYHOZKHUHDOLQHVXFKDVWďзXзDLDFHYLDГYLзDLOtildeЩLďUWĭYHБPDWLFĭWLgtOLQHLQ7OtildeYAtildeUDPܐܐLVGHVFULEHGE79 RSDOHUDVKDYLQJYHPHWULFDOIHHWDQGWKHPXVLFDOOHYHOOHYHO$ZKHUHWKHVDPHOLQHLVVDLGE79RSDOHUWRIROORZDWHPSODWHNDззDЁDLZKLFKLVH[SUHVVHGDVفWAtildeГDWAtildeГDWDГDWAtildeГDГDWAtildeГDГDWAtildeГAtildeWDГDWAtildeГAtilde7قKLVZLOOQRWEHDWWHPSWHGKHUH53DWLNDP3AtildeзXYAtildeUف6HHWKHFKDSWHULQampKDPSDNDODNVKPLةLWXDO6LQJLQJDVD0HDQVRIampRPPXQLFDWLRQLQ(DUO0HGLHYDO6RXWKQGLDق

PDJHقVFKRROIRUFKDQWLQJVLQJLQJSHUIRUPHUVفďWXYAtildeUSAtildeзDFAtildeODLةKDUPDSXUDP)HEUXDUSKRWRJUDSKE-HDQXFampKHYLOODUG


QDGGLWLRQWRWKRVHSURIHVVLRQDOVLQJHUVWKHUHDUHDOVRGHYRWHHVZKRWUDLQWKHPتVHOYHVWRVLQJWKH7OtildeYAtildeUDPLQJURXSV$QGLQWKHFDVHRIWKH1$73DPWROGWKDWWKHUHDUHDOVRJURXSVRIGHYRWHHVFDOOHGNďЭзLZKRPHHWUHJXODUOWRVLQJLWDOWKRXJKKDYHQRWHWREVHUYHGLWGLUHFWO

7RZDUGVDVXUYHRIPHWUHLQ7DPLOKDNWLOLWHUDWXUH

7KLVJHQHUDOSUHVHQWDWLRQEHLQJJLYHQVKDOOQRZPRYHFORVHUWRWKHFXUUHQWWDUJHWRIPRZQH[SORUDWLRQZLWKLQWKHZKROHRIWKHODQGVFDSHZKLFKKDVEHHQVNHWFKHGLQWKH LQWURGXFWLRQ7KDWWDUJHWFRQFHUQVWKHVWDWXVRI WKH OHYHO UHIHUUHGWR LQampKDUWDVOHYHOLHWKHفPHWULFDOOHYHOق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ড়KRZFORVHWKHGHVFULSWLYHVVWHPLVWRWKHWH[WXDOUHDOLWEXWWKDWFDQRQOUHPDLQDGLVWDQWJRDOIRUWKHWLPHEHLQJEHFDXVHWKHVL]HRIWKHFRUSXVWREHH[DPLQHGDQGVFDQQHGLVDFKDOOHQJHWRDQVXFKذذهDWWHPSW

WKHQDWXUHRIWKHWH[WXDOUHDOLWFDQQRWEHDSSUHKHQGHGSHUIHFWOZLWKRXWDQذذهUHFRXUVHWRKXPDQLQWHUSUHWHUVDQGZLWKRXWWKHH[SHULHQFHZKLFKWKHEULQJZLWKWKHP

WKHJUDPPDWLFDOFRUSXVLQZKLFKRQHPDKRSHWRQGPDQUHOHYDQWSLHFHVRIذذهLQIRUPDWLRQLVLWVHOIKXJH

RUWKRVHUHDVRQVWKHSUHOLPLQDUWDVNVHHPVWREHWRPDNHDVXUYHRIZKDW(تHGLWRUVDQGJUDPPDULDQVKDYHVWDWHGFRQFHUQLQJWKHPHWULFDOIRUPRI7DPLOGHYRWLRQDOOLWHUDWXUHZLWKDYLHZWRXOWLPDWHOZKHQWKHVXUYHZLOOKDYHEHHQFRPSOHWHGFUHDWLQJDGDWDEDVHRUDQHOHFWURQLFHGLWLRQZKLFKZRXOGFRQWDLQDOOWKDW

QةUHFRUGHGVHYHUDOWUDLQLQJVHVVLRQVFRQGXFWHGEDWHDFKHULQ$PSDODWWXAcircҬXظ$LDU0DҬDP7HUXDOLDVRVDNNDGDL6WLQ3RQGLFKHUU7KHXQGHUOLQJTXHVWLRQLVة+RZGLGWKH7DPLOJUDPPDWLFDOWUDGLWLRQGHYHORSDQGZKDWZDVLWVGRPDLQRIDSSOLFDWLRQDWGLHUHQWSRLQWVRIWLPH7KHUHVKRXOGDOVREHDYHULFDWLRQSDUWLQWKDWVXUYHLHDFRPSDULVRQRIWKHDFWXDOPHWULFDOةFKDUDFWHULVWLFVZLWKZKDWWKHDUHWKHRUHWLFDOOVXSSRVHGWREH


LQIRUPDWLRQZLWKVSHFLFDWWHQWLRQEHLQJJLYHQWRWKHFRQWUDGLFWLRQVEHWZHHQWKHYDULRXVVRXUFHV7KDWGDWDEDVHVKRXOGLGHDOOFRQWDLQDOOWKHIRXUOHYHOVPHQWLRQHGLQampKDUWܒ)RUWKDWUHDVRQDJUHDWSDUWRIWKHFXUUHQWDUWLFOHZLOOEHGHYRWHGWRDQDQDOVLVRIZKDWLVVHHQLQVHYHUDOHGLWLRQVRIWKH1$73DQGWKH370FRQFHUQLQJWKHFKRLFHVPDGHEWKHLUHGLWRUVEHFDXVHZKHQDQHGLWRURI7DPLOKDNWLWH[WVPDNHVGHFLVLRQVFRQFHUQLQJWKHZDKHSUHVHQWVWKHWH[WVWRWKHIXWXUHXVHUVRIKLVERRNVPDQRIWKDWHGLWRUؾVGHFLVLRQVZLOOEHEDVHGRQZKDWKHEHOLHYHVWKHPHWUHWREH7KHVHGHFLVLRQVFRQFHUQWKHVSOLWWLQJRIWKHWH[WXDOVWUHDPDQGWKHPHWDGDWDWKDWDFFRPSDQLHVLWSUHFHGLQJRUIROORZLQJLW7KHKDYHFRQVHTXHQFHVRQWKHZDWKHUHDGHUZLOOUHFHLYHWKHWH[WDQGRQWKHZDWKHWH[WZLOOEHIXUWKHUWUDQVPLWWHG8OWLPDWHOWKHHGLWRUؾVGHFLVLRQVPDEHURRWHGLQDWOHDVWYHVRXUFHVZKDWKHKDVVHHQLQHDUOLHUSULQWHGHGLWLRQVFRQFHUQLQJWH[WSUHVHQWDWLRQDQGذذهPHWDGDWD

ZKDWKHKDVVHHQLQPDQXVFULSWVذذهFROOHFWLYHUHFLWDWLRQRIWKRVHZKDWKHNQRZVRPUHDOSHUVRQDOSUDFWLFHLQWKHذذهWH[WVEWKHFRPPXQLWIRUZKLFKWKHVHWH[WVDUHDXWKRULWDWLYH

ZKDWKHWKLQNVWKH7DPLOUDPPDULDQVZKRVHZRUNVKDYHEHHQSUHVHUYHGEWKHذذهWUDGLWLRQفWHOOقKLPWRGRDQGKRZPXFKKHEHOLHYHVWKLVLVDSSOLFDEOHRUIHDVLEOH

ZKDWWKHPHGLXPKHLVXVLQJDOORZVKLPWRGRذذهDVKDYH MXVWVXJJHVWHGQHZSRVVLELOLWLHVKDYHRSHQHGXSIRUWKHIRUWKFRPLQJHOHFWURQLFHGLWLRQVZLWKUHVSHFWWRWKHGXDOLWEHWZHHQPHWULFDOWH[WDQGVDQGKLVSOLWWH[W

76DQJDGKDUDQ7OtildeYAtildeUDPPHWUHVDFFRUGLQJWR79RSDOHUܒ

)RUWXQDWHOZLWKUHVSHFWWRWKHUHVHDUFKZKLFKPXVWEHGRQHLQRUGHUWRGRWKHVXUYHDJUHDWDPRXQWRIZRUNLQWKLVGLUHFWLRQKDVEHHQGRQHEJUHDWVFKRODUVVXFKDV79 RSDOHUgtZKRVHظ7OtildeYAtildeUDPAcircYXWWXБDLSUHSDUHGZLWKWKHKHOSRIKLVEURWKHU76DQJDGKDUDQgtظFRQWDLQVRQSSظجYHUSUHFLVH LQIRUPDWLRQRQWKHPHWUHVXVHGLQWKH7OtildeYAtildeUDP$QDEULGJHGFRPSLODWLRQRIDOOWKHVWDWHPHQWVDYDLODEOH LQWKDWYROXPHFRQFHUQLQJWKHPHWUHVXVHGLQWKHKPQVEampDPSDQWDUWKHKPQVE$SSDUDQGWKHKPQV

7KLVDOVRDSSOLHVWRWKHFUHDWRUVRIRQOLQH(WH[WVVXFKDVWKRVHUHVSRQVLEOHIRUZKDWLVIRXQGةRQUHWLOKWWSLQGRORVXEXQLJRHWWLQJHQGHJUHWLOKWPRURQ3URMHFW0DGXUDLKWWSZZZSURMHFWPDGXUDLRUJGRQRWFRQVLGHUKHUHWKHSRVVLELOLWRIXQFRQVFLRXVPLVWDNHVEXWLQWKHKLVWRURIWKHWH[WXDOةWUDQVPLVVLRQWKRVHFDQDOVRRIFRXUVHDFFRXQWIRUFKDQJHVQWKLVSUHVHQWDWLRQVKDOORQRQHRFFDVLRQWDNHDGYDQWDJHRIWKHIDFWWKDWWKH()(2FRUHةFROOHFWLRQRI9DLҢDYDPDQXVFULSWVFRQWDLQVEXQGOHVRQDWRWDOQXPEHURIZKLFKSHUWDLQWRWKH1AtildeOAtildeLUDW7LYYLDSSLUDSDQWDP1$73EHFDXVHWKHHLWKHUFRQWDLQWKH7DPLOVRXUFHWH[WPĭODPRUVRPH6DQVNULWRU0DLSUDYAtildeѶDPFRPPHQWDU7KLVZLOOEHRIFRXUVHH[WUHPHOSUHOLPLQDU


EampXQWDUDULVIRXQGLQWKHIROORZLQJWKUHHFKDUWVampKDUWVDQGZKHUHWKHQDPHV RI WKHPHWULFDO VSHFLFDWLRQV SURYLGHG E WKHP DUH OLVWHG LQ RUGHU RIGHFUHDVLQJHTXHQF7KHDUH

ampKDUWV7OtildeYAtildeUDPgtKPQV370WR370ؾ0HWUHVLQampDPSDQWDUةDFFRUGLQJWR79RSDOHUDQG76DQJDGKDUDQ

0HWULFDOVSHFLFDWLRQV

5DQN +PQVFRXQW 2FFXUUHQFHV

NDOLYLUXWWDP ܐܐܐܐܐܐܐܐܐܐܐܐܐܐܐܐܐܐܐܐܐܐܐܐܐܐܐܐܐܐܐܐܐܐܐܐܐܐܐܐܐܐܐܐܐܐܐܒܒܒܒܒܒܒܒܒܒܒܒܒܒܒܒܒܒܒܒܒܒܒܒܒܒܒܒܒܒܒܒܒܒܒܒܒܒܒܒܒܒܒܒܒܒܒܒܒܒܖܒܒܒܒ

DЩXFiacuteUNNDЅLQHзLODзLAtildeFLULDYLUXWWDP

ܐܐܐܐܐܐܐܐܐܐܐܐܐ

7KRVHVSHFLFDWLRQVZLOOQRWEHH[SODLQHGKHUHEXWODWHULQWKHDUWLFOHة


ܐܐܐܐܐܐܒܒܒܒ$$$ܒܒܒ

NDOLWWXЩDL ܐܐܐܐܐܐܐܐܐܐܐܐܐܐܒܒܒܒܒܒܒܒܒܒܒܒܒܒܒܒܒܒܒܒܒܒܒܒܒܒܒܖܒܒܒܒ

WDUDYXNRFFDNDP ܐܐܐܐܐܐܐܐܐܐܐܐܖ

AtildeFLULDLБDLNNXЩDззXЩDL

ܐܐܐܐܐܐܐܐܐܐܐܐܐܒܒܒܘܒܒܒܒܒ

NDOLQLODLWWXЩDL ܒܒܒܗܒܒܒܒܒܒ

HЅXFiacuteUNNDЅLQHзLODзLAtildeFLULDYLUXWWDP

ܐܐܒܒܒܒܒܒܒ

6HHLJLWDOGHVLJQDWHVDKPQZKLFKWXUQHGRXWWREHDQLQWHUSRODWLRQق$$$ܒف7KHUHIHUHQFHة7OtildeYAtildeUDP


YDsup3FLYLUXWWDP ܐܐܐܐܐܐܐܐܐܘܒܐܐܐ

YDsup3FLWWAtildeЅLFDL ܐܐܐܐܐܐܐܒܒܐ

HБFiacuteUNNDЅLQHзLODзLAtildeFLULDYLUXWWDP

ܐܐܐܐܐܘܐܐ

NXЩDззAtildeЅLFDL ܛܒܒܒ

QAtildeODзLPOtildeOYDLSSX ܗܒܒܒ

iacuteUDзLPOtildeOYDLSSX ܕܒܒ

NDззDЁDLNNDOLWWXЩDL ܠܐܐ

LБDLNNXЩDЁAtildeFLULDP ܗܐ

YHБFHQWXЩDL ܠܒ

0L[HGPHWUH ܓܒ

ampKDUW0HWUHVLQ$SSDUؾV7OtildeYAtildeUDPgtKPQV370WR370DFFRUGLQJWR79RSDOHUDQG76DQJDGKDUDQ



NDOLYLUXWWDP DQGܓܓܓܓܓRPܔXSWRܔ


ܘܕXSWRܕDQGRPܓ


ܓܓܓܓܓܓܓDQGRPܓXSWRܘܓ

DUHWUDGLWLRQDOOODEHOHG7LUXNXЩXQWRNDLܔWRܔ7KHKPQVLQWKHUDQJHRPةܕWRܕ7KHKPQVLQWKHUDQJHRPةDUHWUDGLWLRQDOOODEHOHG7LUXW7AtildeБзDNDPܓWRܓ7KHKPQVLQWKHUDQJHRPةDUHWUDGLWLRQDOOODEHOHG7LUX1OtildeULFDL


NDззDЁDLNNDOLWWXЩDL

RPܓXSWRܜܓ

WDUDYXNRFFDNDP ܢܓܓܓܓ


ܗܓ


ܣܓ

NDOLWWXЩDL ܐܓ

NDOLWWAtildeЅLFDL ܘܓ

ampKDUWV7OtildeYAtildeUDPgtKPQV370ؾ0HWUHVLQampXQWDUDUةDFFRUGLQJWR79RSDOHUDQG76DQJDGKDUDQ

0HWULFDOVSHFLFDWLRQV 5DQN +PQVFRXQW 2FFXUUHQFHV

NDOLYLUXWWDP ܖܖܖܖܖܖܖܖܖܖܖܖܖܖܖܖܖܖܖܖܖܖܖܖܖܕܖܖ


ܖܖܖܖܖܖܖܖܖܖܖܖܖܖܖܖܖܖܖܖܖܖܖܖܖܖܓܖ


ܖܖܖܖܖܖܖܖܖܖܐܖܖܖ

DUHWUDGLWLRQDOOODEHOHG7LUX9LUXWWDPܓWRܓ7KHKPQVLQWKHUDQJHRPة



ܖܖܖܖܖܖܖܖܖܖܘܖܖ

NDззDЁDLNNDOLWWXЩDL ܖܖܖܖܖܖܖܖ

NDOLQLODLWWXЩDL ܖܖܖܖܖܐܖ

WDUDYXNRFFDNDP ܖܖܖܖܖ

AtildeFLULDLБDLNNXЩDззXЩDL ܗܖܖ

NDOLWWAtildeЅLFDL ܘܖ

VREVHUYDؾ7RWKLVPXVWEHDGGHGWKDWZHDUHDOVROXFNWRKDYH79RSDOHUتWLRQV LQDVHWRIERRNVSXEOLVKHGLQRQWKHVRPHWLPHVPXOWLSOHZDVRIVFDQQLQJWKHVWDQ]DVRIWKH3HULDWLUXPRЅLDFRPSRQHQWRI1$73$GGLWLRQDOORQH RI WKH DUWLFOHV ZKLFK LV FRQWDLQHG LQ WKH VHFRQG RI KLV WKUHH YROXPHV RIDззXUDLNDЁJLYHVFRQFLVHDQGOXFLGUHPDUNVRQWKHKLVWRURIWKHHGLWLRQRI7DPLOGHYRWLRQDOOLWHUDWXUH7KHVHVRXUFHVRILQIRUPDWLRQDUHKRZHYHUIRUWKHWLPHEHLQJRQODYDLODEOHWRWKRVHZKRFDQUHDGWKHPLQWKHRULJLQDO7DPLO7KHVDPHFDQEHVDLGRIWKHZHDOWKRI LQIRUPDWLRQFRQWDLQHGLQYROXPHVDQGGHYRWHGWRفAtildeSSXقDQGWRفYLUXWWDPYDББDPقRIWKHYROXPHV7DPLЅODNNDБDS3OtildeUDNDUAtildeWL73$$Q(QJOLVKYHUVLRQRIWKH73$KDVEHHQSUHSDUHGE76DQJDGKDUDQDQGDQHOHFWURQLFHGLWLRQLV LQSUHSDUDWLRQEXWVRPHWLPHZLOOHODSVHEHIRUHWKHUHDGHUZKRLVLQWHUHVWHGLQWKRVHWRSLFVEXWFDQQRWUHDGWKHRULJLQDOGDWDFDQPDNHXVHRIWKLVIRUWKFRPLQJUHIHUHQFHZRUN

RPRJHQHRXVJURXSVRIVWDQ]DV+ܓ

2QWKHEDVLVRIWKHFKDUWVFRQWDLQHGLQWKHSUHFHGLQJVHFWLRQWKHUHDGHUVKRXOGQRZKDYHDQRPLQDOSUHOLPLQDUSHUFHSWLRQRIWKHPHWULFDOGLYHUVLWRI7DPLOGHYRWLRQDOOLWHUDWXUHDWOHDVWDVIDUDVWKH7OtildeYAtildeUDPLVFRQFHUQHGEHFDXVHLIZHFRPELQHWKHGDWDIRXQGLQWKHWKUHHFKDUWVZHREWDLQDOLVWRIVHYHQWHHQ7DPLOWHFKQLFDOGHVLJQDWLRQVXVHGIRUWKHFKDUDFWHULVDWLRQRIKPQVDWKKPQEHLQJGHVFULEHGLQampKDUWDVفPL[HGPHWUHق$PRQJWKRVHGHVLJQDWLRQVRQORQHБDLNNXЩDЁAtildeFLULDP

FXYDзLSSDWLSSXYDUDOAtildeЩЩLOWOtildeYAtildeUDWWLUXPXЩDLNDЁXPWLYYLDSSLUDSDQWDف7KHWLWOHRIWKHDUWLFOHLVةPXPقSSظNDOLYLUXWWDPDQGDVWRDUHLQRQHPHWUH[VWDQܒ7OtildeYAtildeUDPFHSWLRQDOKPQ]QWKLVHةVWDQ]DVWRLQDQRWKHUPHWUHNDOLW WXЩDLDVUHPDUNHGE90 6XEUDKPDQD$DUVHH


ZKLFKLVXVHGIRUFKDUDFWHUL]LQJ7OtildeYAtildeUDPܐKDVWREHVHWDSDUWEHFDXVHWKDWFRPSRVLWLRQLVQRWPDGHXSRIVWDQ]DV7KHUHPDLQLQJFRPSRVLWLRQVDUHDOOKRPRJHQRXVJURXSVRIVWDQ]DVHDFKJURXSEHLQJFKDUDFWHULVHGERQHDPRQJWKHVL[WHHQGHVLJQDWLRQV$VIRUWKHOHQJWKRIWKHKPQVWDNLQJWKHVWDQ]DDVDXQLWWKHPRVWHTXHQWVL]HLVفHOHYHQVWDQ]DVقIRXQGLQKPQVIROORZHGEفWHQVWDQ]DVقIRXQGLQKPQVEXWRWKHUVL]HVDUHDOVRIRXQGDVLQGLFDWHGLQWKHIROORZLQJFKDUW

ampKDUWGLVWULEXWLRQRIOHQJWKLQ7OtildeYAtildeUDPKPQVة

HQJWKLQVWDQ]DV

1XPEHURIKPQV

LHRZHYHULIJRLQJEHRQGWKH7OtildeYAtildeUDPZHH[DPLQHZLWKLQWKHZLGHUSLFWXUH+تWKH370DQGWKH1$73WKHUHPDLQLQJFRPSRVLWLRQVEWKHWZHQWIRXURWKHUĜDLYDDXWKRUVDQGEWKHWZHOYH9DLҢDYDDXWKRUVZHGRQGWKDWPDQRIWKHPKDYHDPXFKPRUHFRPSOH[VWUXFWXUHPHWULFDOOOVSHDNLQJWKDQWKHFRPSRVLWLRQVEWKHWKUHHDXWKRUVRIWKH7OtildeYAtildeUDP)RULQVWDQFHDPRQJWKHIRXUFRPSRVLWLRQVDWWULEXWHGWR1DPPAtildeѺYAtildeUZKLFKDUHPHQWLRQHGLQ6HFWLRQWKHORQJHVWRQHUHIHUUHGWRDV7LUXYAtildePRЅL790LVDVLQJOHFRPSRVLWLRQFRQWDLQLQJVWDQ]DVEXWGLYLGHGLQWRVXEJURXSVHDFKRIWKHPEHLQJKRPRJHQHRXVRPDPHWULFDOSRLQWRIYLHZ(DFKVXEJURXSLVDOVRUHIHUUHGWRDVEHLQJDWLUXYAtildePRЅLDQGFRQWDLQVHOHYHQVWDQ]DVH[FHSWIRURQHH[FHSWLRQDOJURXSZKLFKFRQWDLQVWKLUWHHQVWDQ]DV7KHPHWULFDOVSHFLFDWLRQIRUWKHUVWJURXSRIHOHYHQVWDQ]DVLQWKH7LUXYAtildePRЅL790

LJLWDO7OtildeYAtildeUDPWLVDGGHGLQ7OtildeYAtildeUDPAcircYXWWXБDLSWKDWVWDQ]DIROORZVWKHVSHFLFDWLRQVRIAtildeFLULDQOtildeUWWXЩDL7LUXYHЅXNĭЩЩLUXNNDL7KLVFRPSRVLWLRQة LVH[FHSWLRQDOFRQVLVWLQJRIDVLQJOHYHUVHKDYLQJIRUWVHYHQOLQHVQGHFUHDVLQJRUGHURIHTXHQFWKHPHWULFDOFKDUDFWHULVDWLRQVIRXQGLQWKH7OtildeYAtildeUDPDFFRUةGLQJWR79RSDOHUDQG76 DQJDGKDUDQDUHNDOLYLUXWWDPKPQVHБFiacuteUNNDЅLQHзLODзLAtildeFLULDYLUXWWDPKPQVDЩXFiacuteUNNDЅLQHзLODзLAtildeFLULDYLUXWWDPNDOLWWXЩDLNDззDЁDLNNDOLWWXЩDLWDUDYXNRFFDNDPAtildeFLULDLБDLNNXЩDззXЩDLHЅXFiacuteUNNDЅLQHзLODзLAtildeFLULDYLUXWWDPNDOLQLODLWWXЩDLYDsup3FLYLUXWWDPYDsup3FLWWAtildeЅLFDLNXЩDззAtildeЅLFDLQAtildeODзLPOtildeOYDLSSXiacuteUDзLPOtildeOYDLSSXNDOLWWAtildeЅLFDLYHБFHQWXЩDLܐSDWWX$VDQLOOXVRUWLUXYAtildePRЅLDUHIXUWKHUJURXSHGLQWRGHFDGHV7KHVXEJURXSVةWUDWLRQZHFDQVDWKDWWKHH[FHSWLRQDOWLUXYAtildePRЅLZKLFKFRQWDLQVVWDQ]DVLV790LHWKHWKWLUXYAtildePRЅLLQWKHQGSDWWXWVVWDQ]DVFDQEHUHIHUUHGWRDV790ܖWRܜܖWVLQFLSLWLVفNOtildeFDYDГWDPDUقDQGLWVPHWUHLVNDOLQLODLWWXЩDL


DOLDV1$73LVFDOOHGNDOLYLUXWWDPZKHUHDVWKHJURXSRIHOHYHQVWDQ]DVLPPHGLDWHOIROORZLQJLWLVVDLGWREHFRPSRVHGDFFRUGLQJWRWKHVSHFLFDWLRQVRIYDsup3FLWWXЩDL$OOLQDOOQLQHPHWUHVDUHUHSUHVHQWHGLQWKH790DQGWKHGHWDLOZLOOEHJLYHQLQ6HFWLRQ7ܛKHQH[WTXHVWLRQDUHDGHUPLJKWZDQWWRDVNDWWKLVVWDJHLVWKHIROORZLQJZKGRZHVDWKDWWKHVWDQ]DVIRXQGLQWKH790DUHDVLQJOHFRPSRVLWLRQZKHUHDVZHVDWKDWWKHVWDQ]DVFRQWDLQHGLQWKH6HYHQWK7LUXPXЩDL370ZKLFKFRQWDLQVDOOWKHKPQVFRPSRVHGEampXQWDUDUUHSUHVHQWVKPQVRUSDWLNDPV7KHDQVZHUOLHVLQWKHIDFWWKDWWKHUHLVDQRUJDQLFOLQNERWKZLWKLQDQGEHWZHHQWKHYDULRXVVXEJURXSVRIWKH790EHFDXVHWKHLUVWDQ]DVDUHOLQNHGDQGWKHDUHWKHPVHOYHVFRQQHFWHGLQDQDQWAtildeWLUHODWLRQVKLSDIHDWXUHZKLFKZLOOEHH[SODLQHGLQ6HFWLRQ7ܕKLVFRQWUDVWVZLWKZKDWZHVHHLQWKH7OtildeYAtildeUDPLWVKPQVGRQRWDSSHDUDVEHLQJSDUWVRIDELJJHUFRPSRVLWLRQEXWDUHVLPSOSHUFHLYHGDVLQGLYLGXDOLWHPVZLWKLQDFROOHFWLRQVKDOOQRZWUWRPDNHDIHZPRUHSUHFLVHVWDWHPHQWVFRQFHUQLQJWKHZRUGتZKLFKKDYHEHHQXVLQJXQWLOQRZLQZKDWPDKDYHDSSHDUHGDVDQRQقVWDQ]DفWHFKQLFDOPDQQHUDVVKRXOGEHFOHDURPWKHSUHFHGLQJGLVFXVVLRQWKHLWHPVFRQFHUQHGDUHQRWRQOذذهWKHFRPSRQHQWVLQWKHفKPQVقUHIHUUHGWRLQ6HFWLRQEXWDOVRWRWKHHOHPHQWVLQWKHKRPRJHQHRXVVXEXQLWVFDOOHGWLUXPRЅLRUWLUXYAtildePRЅLZKLFKDUHFRQVWLWXWLYHRIWKHORQJHUFRPSRVLWLRQVVXFKDVWKH790VHHWKHIRRWQRWHVDWWDFKHGWRampKDUWIRUPRUHGHWDLOV

ZHVKDOOVDذذه LQDSUHOLPLQDUIDVKLRQWKDWDYHUVH LVDVWDQ]D LI LW LVSDUWRIDKRPRJHQHRXVJURXSEHLWDKPQRUDVXEJURXSLQDORQJHUFRPSRVLWLRQ

WKDWORJLFFDQKRZHYHUEHVXEYHUWHGDVZHVKDOOVHHLQ6HFWLRQذذهDOVRLWPXVWEHVDLGWKDWVWDQ]DVDUHWKHQDWXUDOXQLWIRUUHFLWDWLRQDQGDUHPRVWRIذذهWKHWLPHPDGHXSRIIRXUOLQHVDзLDOWKRXJKWKLVLVQRWWKHRQOSRVVLELOLW

FRQFHUQLQJWKHWHUPLQRORJWREHXVHGLQ7DPLOVKRXOGDGGWKDWZKHQVDWKDWذذهDKPQVXFKDV7OtildeYAtildeUDPܐFRQVLVWVRIHOHYHQVWDQ]DVZKDWFDOODفKPQقZRXOGQRUPDOOEHUHIHUUHGWRQRZDGDVLQPRGHUQDFDGHPLF7DPLODVDSDWLNDPDQGZKDWFDOODفVWDQ]DقZRXOGQRUPDOOEHUHIHUUHGWREPRGHUQH[SHUWVRIGHYRWLRQDOOLWHUDWXUHHLWKHUDVDSAtildeFXUDPRUDVDSAtildeзDORUDVDSAtildeззX

7KLVFRXQWLVEDVHGRQWKHةYROXPHZKLFKLVSDUWRI79RSDOHUؾVHGLWLRQV790WKHVXEXQLWVDUHDVDOUHDGVDLGFDOOHGWLUXYAtildePRЅL)RURWKHUDXWKRUVؾRU1DPPAtildeѺYAtildeU(ةVXFKDV7LUXPDNDLAcircѺYAtildeURU3HULAtildeѺYAtildeUWKHVXEXQLWVDUHFDOOHGWLUXPRЅLOWKRXJKPRVWVWDQ]DVSRVVHVVOLQHVWKHUHDUHH[FHSWLRQVVXFKDV$ةZKLFKKDYHظ3701$73DQGLQWKH7LUXYHPSAtildeYDLWKHVWDQ]DVLQWKH7LUXSSAtildeYDLذذهOLQHVHDFK

ZKLFKKDYHظ370DQGWKH7LUXYDPPAtildeГDLظ370WKHVWDQ]DVLQWKH7LUXSRГГĭFDOذذهOLQHVHDFK

ZKLFKKDYHOLQHVHDFKظ370WKHVWDQ]DVLQWKH7LUXYXQWLAtildeUذذهHWFذذهVZRUNZHFDQVHHWKDWKHXVHVWKHZRUGSAtildeFXUDPؾ7DNLQJRXUH[DPSOHVRP79RSDOHUة


KRZHYHULWVKRXOGEHNHSWLQPLQGWKDWWKRVHH[SHUWVZRXOGDOVRIROORZLQJWKHذذه7DPLOJUDPPDWLFDOWUDGLWLRQUHIHUWRPRVWRIWKHSRHPVEHORQJLQJWRampDNDPOLWHUDWXUHWRRDVSAtildeзDORUDVSAtildeззXJLYLQJWKRVHZRUGVTXLWHDGLHUHQWPHDQLQJDOWKRXJKWKHZRXOGSUREDEOQRWXVHWKHZRUGSAtildeFXUDPIRUWKDWSXUSRVH

LWذذه LVRQOLQERUGHUOLQHFDVHVWKDWZHGRQGFRPSRVLWLRQVFRQWDLQLQJRQORQHVWDQ]D

DQDGGLWLRQDOEXWPRUHHOXVLYHIHDWXUHLVWKDWWKHHOHPHQWVLQDJURXSDSSHDUDVذذهGLHUHQWZDVRIفVDLQJWKHVDPHWKLQJ6قHHIRULQVWDQFH79RSDOHUܐVFRPPHQWDURQ7OtildeYAtildeUDPؾDOVRDSSOLFDEOHXSWRܐRUXSRUXЁPOtildeOSDWLГRГЩXDзXNNLYDQWDYAtildeЩXفgtVHHKRZHOHYHQgtVWDQ]DVDUHSLOHGRQWKHVDPHVLQJOHPHDQLQJق

KDWLVWKHQWKHPDLQGLHUHQFHEHWZHHQampDNDPOLWHUDWXUHDQGKDNWLOLWHUDتWXUHZKLFKPDNHVPHZDQWWRXVHDVSHFLFWHUPVXFKDVفVWDQ]D7قKHGLHUHQFHLVYLVLEOHLQWKHKRPRJHQHRXVFKDUDFWHURIWKHHOHPHQWDUEXLOGLQJEORFNVZKLFKDUHIRXQGLQWKHGHYRWLRQDOFRPSRVLWLRQV7KHKRPRJHQHLWOLHVIRULQVWDQFHLQWKHQXPEHURIOLQHVDзLZKLFKDUHIRXQGWREHWKHVDPHLQDOOWKHVWDQ]DVEHORQJLQJWRRQHKRPRJHQRXVJURXS)RULQVWDQFHLQWKH7OtildeYAtildeUDPLIDKPQLVGHVFULEHGDVEHLQJFRPSRVHGLQNDOLYLUXWWDPZKLFKLVWKHPRVWHTXHQWPHWULFDOVSHFLFDWLRQDQGFRQFHUQVKPQVLWPHDQVDPRQJRWKHUWKLQJVWKDWDOOLWVVWDQ]DVZLOOFRQVLVWRI IRXU OLQHVDзLHDFK OLQHEHLQJIXUWKHUVXEGLYLGHG LQWR IRXUPHWULFDO

LQ79 RSDOHUNDззXUDLNDЁSجWKDWKHXVHVWKHZRUGSAtildeзDOLQ79 RSDOHUDQGWKDWKHXVHVWKHZRUGSAtildeззXLQ79RSDOHU[FLY7KRVHUHIHUHQFHVDUHVLPSOLQWHQGHGWRVKRZWKDWWKHXVDJHH[LVWVEXWKDYHQRWWULHGWRH[DPLQHWKHHTXHQFRIWKRVHZRUGVLQPRGHUQ7DPLOVFKRODUODQGRUUHOLJLRXVXVDJHWVKRXOGEHQRWHGWKDWWKHH[SUHVVLRQSAtildeFXUDPLVSUREDEOLQWKHRUVSHFLFWRLFDLSSAtildeEHFDXVHفFXUDPقVHHPVWREHWKHWDPLOLVHGIRUPRI6NW VYDUDEXWKDYHQRWWULHGWRYHULড়ZKHWKHU LWKDVUHJXODUOEHHQXVHGEPRGHUQDXWKRUVLQWKHFRQWH[WRIWKHGHVFULSWLRQRILDЩSAtilde$QGVHHDVDFRXQWHUH[DPSOHWKDWLQ1$73WKHH[SUHVVLRQLVXVHGLQGLVFULPLQDWHOIRUERWKLDЩSAtildeDQGLFDLSSAtilde6HHIRULQVWDQFHRQSDJHVظLQWKHUVWVHFWLRQWKHFDWDORJXHDззDYDБDLZKLFKOLQNVWKHVDFUHGSODFHVWLUXSSDWLDQGWKHVWDQ]DVWKDWUHIHUWRWKHPWKHWLWOHIRUWKHWKFROXPQLVSAtildeFXUDЏNDЁLГWDODLSSX7KHJUDPPDUZKLFKGHVFULEHVWKHHDUOLHUOLWHUDUampDNDPFRUSXVWKH7RONAtildeSSLDPXVHVWKHةZRUGSAtildeззXفVRQJYHUVHقDQGVRPHWLPHVSAtildeзDODVLQ73LLQRUGHUWRUHIHUWRZKDWZHQRZFDOOWKHفSRHPVقRIampDNDPOLWHUDWXUH3AtildeззX LVVDLGWREHRQHRIWKH(ЅX1LODPفVHYHQ ORFLقVHHampKHYLOODUG7RWKLVPXVWEHDGGHGWKDWVRPHFRPSRQHQWVLQFRPSRVLWLRQVXVLQJRQHRIWKHYDULHWLHVRIZKDWLVFDOOHGDOLPHWUHDUHDOVRFDOOHGفSAtildeззXق6HH73LVFRPSRVLؾVIDUDVSAtildeFXUDPLVFRQFHUQHG1DPSLAcircҬAtildeU1DPSLXVHVLWWRUHIHUWRampDPSDQWDU$ةWLRQV7KLVXVDJHLVVHHQLQWKHHLJKWWKLUGNDББLفDOOLWHUDWLQJSDLURI OLQHVقLQWKHAcircЁXзDLD3LЁЁDLAtildeU7LUXYXOAtilde0AtildeODL370KDYHQRWIRXQGHDUOLHUDWWHVWDWLRQVقNDOLYLUXWWDPHззXYDNDLف7KHUHLVRIFRXUVHPXFKPRUHWREHVDLG6HHIRULQVWDQFHWKHHQWUةLQ73$SظجZKHUHHLJKWSRVVLEOHSDWWHUQVIRUNDOLYLUXWWDPDUHSUHVHQWHGVWDUWLQJZLWKفPAtildeNĭYLЁDPNĭYLЁDPNĭYLЁDPقVHHampKDUWIRUDQLOOXVWUDWLRQRIDQRWKHUSDWWHUQRIWKDWWSHZLWKLQNDOLQLODLWWXЩDL


IHHWFiacuteU$QDGGLWLRQDOFRQVWUDLQWLVWKDWWKHUHZLOOEHDQDOOLWHUDWLYHUHODWLRQVKLSVHH6HFWLRQEHWZHHQWKHIRXULQLWLDOFiacuteUVRIHDFKOLQHDVLOOXVWUDWHGEWKHJUHSDWFKHVLQ)LJXUH$MXVWEHORZ2QWKHRWKHUKDQGLIWKHKPQLVFRPSRVHGHLWKHULQNDOLQLODLWWXЩDLRULQNDззDЁDLNNDOLWWXЩDLRULQNDOLWWXЩDLZHNQRZWKDWHDFKVWDQ]DZLOODOVRFRQVLVWRIIRXUOLQHVZLWKDOOLWHUDWLYHUHODWLRQVKLSVEHWZHHQWKHLQLWLDOVEXWWKDWWKLVWLPHWKHOLQHVZLOOEHVXEGLYLGHGLQWRYHFiacuteUVDVLOOXVWUDWHGE)LJXUHDGGLWLRQDOFRQVWUDLQWVDOORZLQJXVWRGLVWLQJXLVKEHWZHHQWKRVHWKUHHPHWUHV

HQHUDOOVSHDNLQJWKHFiacuteUVLQD7DPLOSRHPDUHWKHPVHOYHVFRPELQDWLRQVRIWZRRUWKUHHةVWLOOVPDOOHUXQLWVFDOOHGDFDL7KHDFDLVWKHPVHOYHVDUHFRPELQDWLRQVRIVPDOOHUFRQVWLWXHQWVFDOOHGHЅXWWXV$QDGGLWLRQDOFRPSOLFDWLRQLVWKDWLQDQFLHQWFODVVLFDO7DPLOSRHWUWKHUHZHUHIRXUGLVWLQFWWSHVRIDFDLFDOOHGQOtildeUQLUDLQOtildeUSXDQGQLUDLSXVHHampKHYLOODUGZKHUHDVLQWKHSRVWFODVVLFDODQGLQWKHKDNWLDQGPHGLHYDOSRHWURQOWZRGLVWLQFWWSHVRIDFDLDUHUHFRJQLVHGVHHltLQ1LNODVH[FHSWLQWKHFDVHRIWKHODVWIRRWQDPHOQOtildeUDQGQLUDLظRIDYHБSAtildeVWDQ]D6HFWLRQVKDOOFRPHEDFNWRWKDWSRLQWLQWKHQDOVHFWLRQة

1a

2a

3a

4a

1b

2b

3b

4b

1c

2c

3c

4c

1d

2d

3d

4d

1a

2a

3a

4a

1b

2b

3b

4b

1c

2c

3c

4c

1d

2d

3d

4d

1e

2e

3e

4e

)LJ$7HPSODWHIRUNDOLYLUXWWDPةDOOLWHUDWLRQEHWZHHQFiacuteUVLVLQGLFDWHGEJUHFRORXU

)LJRPPRQWHPSODWHIRUNDOLWWXЩDLNDOLQLODLWWXЩDLDQGNDззDЁDLNDOLWWXЩDLampة


RPSDUHGZLWKWKHHDUOLHUVWUDWDRI7DPLOOLWHUDWXUHWKHLQQHUKRPRJHQHLWRIWKHampتJURXSVRIVWDQ]DVWKDWZHKDYHGHVFULEHGgtLQWKHFDVHRI7OtildeYAtildeUDPDVSDWLNDPVRUVKDOOGHVFULEHLQWKHFDVHRI1$73DVWLUXPRЅLVRUWLUXYAtildePRЅLVLVERWKDQLQQRYDWLRQDQGDVLPSOLFDWLRQ6XFKDVLWXDWLRQFDQEHFRPSDUHGUVWRIDOOZLWKWKHVLWXDWLRQLQWKHFRUSXVRIampDNDPOLWHUDWXUHHGRQGIRULQVWDQFHLQWKHDQWKRORJFDOOHG$LЏNXЩXQĭЩXJURXSVRIWHQYHUVHVRUفGHFDGHVقSDWWXDGUHVVLQJDFRPPRQWRSLFEXWPRVWRIWKHPDUHQRWKRPRJHQHRXVRPWKHSRLQWRIYLHZRIOHQJWKLHWKHQXPEHURIOLQHVDOWKRXJKWKHDUHDOOFRPSRVHGLQDPHWUHFDOOHGAtildeFLULDPEWKH7RONAtildeSSLDP72QWKHWRWDORIয়GHFDGHVIRXQGLQWKH$LЏNXЩXQĭЩXRQOHOHYHQDUHKRPRJHQHRXVLQOHQJWKEXWWKHUHDUHWKLUWRQHGHFDGHVIRUZKLFKWKHOHQJWKRVFLOODWHVEHWZHHQWZRYDOXHVVHYHQGHFDGHVLQZKLFKLWRVFLOODWHVEHWZHHQWKUHHYDOXHVDQGRQHGHFDGHLQZKLFKWKHUHDUHYHUVHVRIIRXUGLHUHQWOHQJWKV

VWHPDWLVDWLRQRIWKHDOOLWHUDWLYHIHDWXUHFDOOHGHWXNDL6ܔ

$QRWKHUVLJQRIVWDQGDUGLVDWLRQLVWKHIDFWWKDWLQDJUHDWSDUWRIWKHKDNWLFRUSXVEH LW1$73RU370WKHUH LVVVWHPDWLFXVHRIWKHDOOLWHUDWLYHIHDWXUHZKLFKH[SHUWVLQPHWULFVFDOOHWXNDLDWHFKQLFDOWHUPLQWURGXFHGEWKH7RONAtildeSSLDPZKHUHLW LVSUHVHQWHGDVRQHRIWKHYDULHWLHVRI WRзDLفVWULQJLQJ7قKDWIHDWXUHDOUHDGH[LVWHGLQWKHAtildeFLULDPPHWUHRIampDNDPOLWHUDWXUHEXWLWVXVHZDVVSRUDGLFDQGQRWDWDOOFRPSXOVRUHVHHLWGHYHORSLQJDQGEHFRPLQJVVWHPDWLFUVWRIDOOLQWKHWAtildeЅLFDLFRPSRQHQWVDOVRFDOOHGفLзDLQLODLSSAtildeззXقgtFI73LRIWKHDOLWWRNDLSRHPVWKDWIDOOXQGHUWKHVSHFLFDWLRQFDOOHGفRWWAtildeЅLFDLNNDOLقEVĭWUD73LRIWKHampHXЁLDORIWKH7RONAtildeSSLDPQWHUHVWLQJOWKRVHWAtildeЅLFDLVFRPHLQWULSOHWVDQGDOOWKHWAtildeЅLFDLVZLWKLQWKHWULSOHWPXVWKDYHWKHVDPHOHQJWKPHDVXUHGLQQXPEHURIOLQHV)RULQVWDQFHDOLWWRNDLFRQWDLQVDWULSOHWRIOLQHVWAtildeЅLFDLVDOLWWRNDLDWULSOHWRIOLQHVWAtildeЅLFDLVDQGDOLWWRNDLDWULSOHWRIOLQHVWAtildeЅLFDLVHWFIZHYLHZWKRVHWAtildeЅLFDLVDVWKHSUHGHFHVVRUVLQ7DPLOOLWHUDWXUHRIWKHQRWLRQRIفVWDQ]DقZKLFKZHDUHFXUUHQWOGLVFXVVLQJZHVHHWKDWLQHDFKRQHRIWKRVHفSURWRVWDQ]DVقLIPDEHDOORZHGWRUHIHUWRWKHPLQWKDWZDWKHLQLWLDOFiacuteUVRIDOOWKHOLQHVDUHLQDOOLWHUD

6HHampKHYLOODUGةJXUH$QRWKHUDQWKRORJZKLFKFRQWDLQVGHFDGHVRISRHPVLVWKH3DWLЩЩXSSDWWXEXWDV LQWKHFDVHRIWKH$LЏNXЩXQĭЩXZHGRQRWKDYHKRPRJHQHLWRI OHQJWKEHWZHHQWKHYDULRXVSRHPVFRPSRVLQJWKHGHFDGHVQWHUHVWLQJOKRZHYHUWKHIRXUWKGHFDGHLQWKH3DWLЩЩXSSDWWXFRQWDLQLQJSRHPVQXPEHUHGRPWRLVDQDQWAtildeWLDPHWULFDOFDWHJRUZKLFKZLOOEHGLVFXVVHGODWHUQGHFDGHVDQGDOOYHUVHVKDYHWKUHHOLQHVQGHFDGHVDQGDOOYHUVHVةKDYHIRXUOLQHVQGHFDGHVDQGDOOYHUVHVKDYHYHOLQHVQGHFDGHDOOYHUVHVKDYHOLQHVQWZHQWQLQHGHFDGHVWKHRVFLOODWLRQLVEHWZHHQOLQHYHUVHVDQGOLQHYHUVHVة7KLVLVGHFDGHةLWFRQWDLQVOLQHUVOLQHUVOLQHUVDQGOLQHUV6HHampKHYLOODUGةFKDUWOLPEWUDGLWLRQDOSUHVHQWDWLRQLQ(QJOLVKRIZKDWWRзDLDQGHWXNDLDUHVHHltWRRUDGHWDLOHG(ةltLQ1LNODVظ


WLYHUHODWLRQVKLSIRULQVWDQFHLQDOLWWRNDLZKHUHWKHWKUHHWAtildeЅLFDLVKDYHIRXUOLQHVHDFKWKHUHLVDOOLWHUDWLRQEHWZHHQWRlaiYAtildeNLPDlaiLЩDQWXQLlaiLDDQGPXlaiAtildeNDPIRUWKHUVWWAtildeЅLFDLEHWZHHQLllHГDNDllLЩDQWXWRllLDODQGSXllAtildeNDPIRUWKHVHFRQGWAtildeЅLFDLDQGEHWZHHQL˒DГLГЩLND˒DГLЩDQWXYD˒DPiacuteГSďODQGWD˒DPHГЩďЁIRUWKHWKLUGWAtildeЅLFDL7KHHWXNDLIHDWXUHLVDOVRSURPLQHQWLQWKHOLWHUDUFRUSXVZKLFKVWDQGVFKURQRتORJLFDOOEHWZHHQampDNDPSRHWUDQGKDNWLSRHWUDQGZKLFKFRQWDLQVVXFKZRUNVDV WKHXЩDЁ DQG WKH1AtildeODзLAtildeU ERWKEHLQJSDUWRIZKDW LV FDOOHG WKH3DWLQHБiacuteЅNDБDNNX7KHYHUVHVFRQWDLQHGLQLWDUHPRVWOFRPSRVHGLQDPHWUHFDOOHGYHБSAtildeWKHGHYHORSPHQWRIZKLFKKDVEHHQVWXGLHGLQDVHPLQDODUWLFOHE965DMDPHQGIRULQVWDQFHLQWKH1AtildeODзLAtildeUZKLFKFRQWDLQVIRXUKXQGUHGTXDWUDLQVWKDWWKHVHIDOORPDPHWULFDOSRLQWRIYLHZXQGHUWZRPDLQSDWWHUQVRQHRIWKHPEHLQJFDOOHGQOtildeULFDLYHБSAtildeDQGIRXQGLQWKUHHKXQGUHGTXDWUDLQVWKHRWKHURQHEHLQJFDOOHG LГГLFDLYHБSAtildeDQGIRXQGLQWKHUHPDLQLQJKXQGUHGTXDWUDLQVRWKFDQEHLOOXVWUDWHGRPWKHSRLQWRIYLHZRIHWXNDLEWKHIROORZLQJWHPSODWHV6HH)LJXUHampDQG)LJXUH

6HH83RSHة

1a

2a

3a

4a

1b

2b

3b

4b

1c

2c

3c

4c

1d

2d

3d

)LJampHWXNDLLQWKHIRXUOLQHVDQGWKHHHQFiacuteUVRIDQOtildeULFDLYHБSAtildeVWDQ]DOOLWHUDWLRQ$ة

)LJHWXNDLLQWKHIRXUOLQHVDQGWKHHHQFiacuteUVRIDQLГГLFDLYHБSAtildeVWDQ]DOOLWHUDWLRQ$ة

1a

2a

3a

4a

1b

2b

3b

4b

1c

2c

3c

4c

1d

2d

3d


Qت WKRVH WZRJXUHV )LJXUHampDQG)LJXUH WKH DOOLWHUDWLYH UHODWLRQVKLSVEHWZHHQVRPHFiacuteUVKDYHEHHQLQGLFDWHGXVLQJVRPHEODFNZKLWHDQGJUHPDUNLQJVQDPHODDDDQGDDOOVWDQGLQLQ)LJXUHWKHIRXUFiacuteUVZKLFKDUHLQJUHذذهDOOLWHUDWLYHUHODWLRQVKLS

LQ)LJXUHampWKHUHDUHWZRJURXSVRILWHPVVWDQGLQJLQDOOLWHUDWLYHUHODWLRQVKLSذذه7KHUVWJURXSLQYROYHVFiacuteUVDDDQGGZKHUHDVWKHVHFRQGJURXSLQYROYHVDDQGDWVKRXOGDOVREHVDLGIRUWKHVDNHRIFRPSOHWLRQWKDWLQERWKQOtildeULFDLYHБSAtildeDQG LГГLFDLYHБSAtildeDV LQGLFDWHGRQ)LJXUHampDQG)LJXUHZHKDYHIRXUOLQHVEXWWKHIRXUWKDQGODVW OLQH LVVKRUWHUWKDQWKHUVWWKUHHKDYLQJRQOWKUHHFiacuteUVQDGGLWLRQWRWKLVWKHODVWFiacuteULHFiacuteUFRQ)LJXUHVampDQGEHORQJVWRDVSHFLDOFDWHJRUDQGFRQWDLQVRQORQHDFDLXQOLNHWKHRWKHUFiacuteUV7KLVSDUWLFXODUWUHDWPHQWRIWKHODVWOLQHLVRQHRIWKHJHQHUDOFKDUDFWHULVWLFVRIWKHPHWUHFDOOHGYHБSAtildeRIZKLFKQOtildeULFDLYHБSAtildeDQGLГГLFDLYHБSAtildeDUHVXEFDWHJRULHVVHHampKDUWLQ6HFWLRQ

QOtildeULFDLYHБSAtildeYVNDззDЁDLNNDOLWWXЩDL7ZRWSHVRIDQWAtildeWLVܕ

$VFDQEHVHHQLQampKDUWVDQGQHLWKHUQOtildeULFDLYHБSAtildeQRULГГLFDLYHБSAtildeDUHIRXQGDPRQJWKHPHWUHVXVHGLQWKH7OtildeYAtildeUDP7KHUHDUHKRZHYHUVHYHUDOFRQWULEXWRUVWRWKHĜDLYDFRUSXV370RPZKRPZHKDYHUHODWLYHOORQJFRPSRVLWLRQVWKDWDUHSXUHOLQ LГГLFDLYHБSAtilde7KRVHFRPSRVLWLRQVLOOXVWUDWHDWHFKQLTXHRIOLQNLQJWKHVXFFHVVLYHVWDQ]DVWRJHWKHUZKLFKLVFDOOHGDQWAtildeWL7KHDQWAtildeWLIHDWXUHFRQVLVWVLQKDYLQJTXDVLOH[LFDOLGHQWLWEHWZHHQWKHZRUGZKLFKVWDQGVLQWKHODVWFiacuteURIRQHVWDQ]DLHFDQGWKHZRUGIRXQGLQWKHUVWFiacuteURIWKHQH[WVWDQ]DLHDVHH)LJXUHamp3707KRVHĜDLYDSRHWVZKRVHZRUNLVIRXQGLQWKH(OHYHQWK7LUXPXЩDLتDUH

VWDQ]DVAtildeUDLNNAtildeODPPDLAtildeUZKRFRPSRVHGWKH$ЩSXWDW7LUXYDQWAtildeWLذذه

ܞ7KLVFDQEHLOOXVWUDWHGE1AtildeODзLAtildeUة1$73FRPSRVHGE1DPPAtildeѺYAtildeUZKLFK7KLVFDQEHLOOXVWUDWHGEWKH3HULD7LUXYDQWAtildeWLةFRQVLVWVRIVWDQ]DV)RULQVWDQFHLQWKHVHFRQGVWDQ]DWKHFiacuteUVDDDQGGDUHUHVSHFWLYHOPXyaЩЩLDLyaЩЩXYAtildeDDQGQDyaSSXзDLDGDQGVWDQGLQHWXNDLUHODWLRQVKLSDVVKRZQEWULSOHRFFXUUHQFHRIWKHEROGIDFHVOODELFHOHPHQWya6LPLODUOWKHFiacuteUVDDQGDDUHQAtildeYiacuteГDDQGSĭYiacuteГЩDDDQGVWDQGLQDQRWKHUGLVWLQFWHWXNDLUHODWLRQVKLSEHFDXVHRIWKHGRXEOHRFFXUUHQFHRIWKHEROGIDFHVOODELFHOHPHQWYiacute0RVWRIWKHWLPHWKHVDPHOH[LFDOLWHPLVXVHGEXWVRPHWLPHVZHVLPSOKDYHWKHVDPHZRUGةIRUPZLWKWZRGLHUHQWPHDQLQJV)RULQVWDQFHLQWKH0XWDЩЩLUXYDQWAtildeWL1$731FRPSRVHGE3RNDLAcircѺYAtildeUZKLFKFRQWDLQVVWDQ]DVLQQOtildeULFDLYHБSAtildeWKHVXFFHVVLYHZRUGVZKLFKRFFXULQFiacuteUFRIRQHVWDQ]DDQGLQFiacuteUDRIWKHIROORZLQJVWDQ]DDUHHГЩXفWKLQNLQJWKDWظltقFDQGفRQZKLFKGDظltقDSAtildeUفHDUWKقظFDQGظDQHЩLفZDقظFDQGظD$UD҈فĜLYDقظFDQGظDYDLYDLDPفSODFHظltقFDQGفHDUWKظltقDWKLVODVWLWHPEHLQJIRXQGERWKDVWKHODVWZRUGDQGWKHUVWZRUGRIWKHSRHPPDNLQJDIXOOFLUFOH


1DNNiacuteUD7OtildeYD1AtildeD҈AtildeUZKRFRPSRVHGWKHDLODLSAtildeWLNAtildeЁDWWLSAtildeWLW7LUXYDQWAtildeWLذذهVWDQ]DV

VWDQ]DVDSLOD7OtildeYD1AtildeD҈AtildeUZKRFRPSRVHGDampLYDSHUXPAtildeГ7LUXYDQWAtildeWLذذهVWDQ]DV3DUDD7OtildeYD1AtildeD҈AtildeUZKRDOVRFRPSRVHGDampLYDSHUXPAtildeГ7LUXYDQWAtildeWLذذهLQFLUFOHSOXVDQH[WUDQHRXVRQH

7KHUHDUHDOVRYHDQWAtildeWLVLQQOtildeULFDLYHБSAtildeLQWKH1$73تWKHVHHPWREHWKHPRVWDQFLHQWSDUWVRIWKDWFRUSXVQWHUHVWLQJOZHDOVRQGDQWAtildeWLVFRPSRVHGLQNDззDЁDLNNDOLWWXЩDLERWKLQWKHت370DQGWKH1$73EXWWKHFiacuteUVZKLFKDUHFRQQHFWHGDUHLQWKLVFDVHFiacuteUHLQRQHVWDQ]DDQGFiacuteUDLQWKHIROORZLQJVWDQ]DVHH)LJXUH)RUWKH1$73WKHH[DPSOHLVWKH7LUXYLUXWWDPZKLFKFRQWDLQVRQHKXQGUHGVWDQ]DVDQGLVRQHRIWKHIRXUFRPSRVLWLRQVDWWULEXWHGWR1DPPAtildeѺYAtildeUQWKHFDVHRIWKHĜDLYDFRUSXV370IRXUDXWKRUVDUHFRQFHUQHGZKRVHZRUNLVLQ370RU3707ܚKHDUH

OtildeUDPAtilde҈3HUXPAtildeѶZKRFRPSRVHGWKH3RГYDББDW7LUXYDQWAtildeWLFRQWDLQLQJRQHKXQampذذهGUHGVWDQ]DVPDNLQJDIXOOFLUFOH IROORZHGEDVWVWDQ]DJLYLQJWKHDXWKRUؾVQDPH

3DҬҬL҈DWWXS3LѶѶDLAtildeUZKRFRPSRVHGWKH7LUXYOtildeNDPSDPXзDLAtildeU7LUXYDQWAtildeWLذذهVWDQ]DV

1DPSLAcircҬAtildeU1DPSLZKRFRPSRVHGWZRVXFKDQWAtildeWLVذذه7KH7LUXWWRБзDU7LUXYDQWAtildeWLذذذVWDQ]DVVWDQ]DVLQNDззDЁDLNNDOLWWXЩDLIROORZHG7KHAcircЁXзDLDSSLЁЁDLAtildeU7LUXYDQWAtildeWLذذذEDQOtildeULFDLYHБSAtilde

0AtildeLNNDYAtildeFDNDUEXWRQOSDUWLDOODVIDUDVNDззDЁDLNNDOLWذذه WXЩDL LVFRQFHUQHGEHFDXVHKHLVWKHDXWKRURIDQDQWAtildeWL7LUXFFDWDNDP370$LQZKLFKWHQVWDQ]DVRXWRIRQHKXQGUHGVHHampKDUWDUHLQWKDWPHWUH

WWKLVVWDJH$ت LW LVQHFHVVDUWRSURYLGHDGGLWLRQDO LQIRUPDWLRQFRQFHUQLQJWKHVWUXFWXUHRIWKHWZRWSHVRIVWDQ]DVQOtildeULFDLYHБSAtildeDQGNDззDЁDLNNDOLWWXЩDLZKLFKRFFXULQWKHVHWZRWSHVRIDQWAtildeWLVQDGGLWLRQWRWKHOLQHGLYLVLRQDQGWKHHWXNDLDOOLWHUDWLYHIHDWXUHVZKLFKDUHLOOXVWUDWHGE)LJXUHDQG)LJXUHampDYHULPSRUWDQWIHDWXUHRIWKHVHWZRWSHVRIVWDQ]DVLVWDЁDLOLWفIHWWHUVELQGLQJ7قKHWDЁDL

1$737KUHHFRP7KHVHFRPSRVLWLRQVDUHLQFOXGHGLQWKHSDUWRI1$73FDOOHGDЩSAtildeةSRVHGUHVSHFWLYHOE3RNDLAcircѺYAtildeU3OtildeAcircѺYAtildeUDQG3ĭWDWWAtildeѺYAtildeUFRQWDLQKXQGUHGVWDQ]DVHDFK2QHFRPSRVHGE7LUXPDѺLFDLAcircѺYAtildeUFRQWDLQVQLQHWVL[VWDQ]DVDQGRQHFRPSRVHGE1DPPAtildeѺYAtildeUFRQWDLQVHLJKWVHYHQVWDQ]DVV$ة DOUHDG VDLG WKLV FDQ EH LOOXVWUDWHG E WKH 7LUXYLUXWWDP 1$73 FRPSRVHG E1DPPAtildeѺYAtildeUZKLFKFRQVLVWVRIVWDQ]DV7RJLYHRQHPRUHH[DPSOHLQWKHWKLUGVWDQ]DWKHUVWFiacuteUVRIWKHIRXUOLQHVDUHNXŷaЩNďDQLŷaЩSďOEDŷaЩSďFDQGWDŷaЩSďЩGDQGWKHDOOVWDQGLQDQDOOLWHUDWLYHUHODWLRQVKLSRIWKHHWXNDLWSHEHFDXVHLQDOOWKHIRXUOLQHVWKHNHUQHOVRIWKHVHFRQGVOODELFFRPSRQHQWVDUH LGHQWLFDODQGDUHSUHFHGHGEUVWVOODELFFRPSRQHQWKDYLQJWKHVDPHGXUDWLRQ


IHDWXUHFRQVLVWVLQWKHUHEHLQJUHVWULFWLRQVRQWKHSHUPLVVLEOHVHTXHQFHVFRQVLVWLQJRIWKHODVWDFDL LQRQHFiacuteUDQGWKHUVWDFDL LQWKHIROORZLQJFiacuteU$QGQDOO LWVKRXOGEHVDLGWKDWLQWKHNDззDЁDLNNDOLWWXЩDLPRGHOWKHUHLVVWLOODQRWKHUFRQVWUDLQWSHUWDLQLQJWRWKHQXPEHURIHЅXWWXVZKLFKDUHWKHXOWLPDWHHOHPHQWVRPZKLFKDFDLVDUHPDGHLIWKHUVWDFDLLQFiacuteUDLVDQOtildeUWKHQWKHQXPEHURIHЅXWWXVLQHDFKOLQHKDVWRذذهEHVL[WHHQ

LIWKHUVWDFDLLQFiacuteUDLVDQLUDLWKHQWKHQXPEHURIHЅXWWXVLQHDFKOLQHKDVWRذذهEHVHYHQWHHQ

7KHUHVHPEODQFHDQGWKHGLHUHQFHVEHWZHHQQOtildeULFDLYHБSAtildeDQGNDззDЁDLNNDOLWتWXЩDLDUHVXPPDULVHGLQWKHIROORZLQJFKDUWampKDUWZKLFKDOVRFRQWDLQVWKHFKDUDFWHULVDWLRQRILГГLFDLYHБSAtilde

ampKDUWNDззDЁDLNNDOLWWXЩDLFRPSDUHGZLWKWZRWSHVRIYHБSAtilde

OLQHV FiacuteUVSHUOLQH HWXNDLWHPSODWH

WDЁDL )L[HGQXPEHURIHЅXWWXV

QOtildeULFDLYHБSAtilde

)285 )RXUFiacuteUVLQWKHUVWWKUHHOLQHVWKHIRXUWKOLQHKDYLQJRQOWKUHHFiacuteUVRIZKLFKWKHWKLUGLVVKRUWFRQWDLQLQJRQORQHDFDL

6HH)LJXUHamp YHБзDЁDL 12

LГГLFDLYHБSAtilde

)285 6DPHDVQOtildeULFDLYHБSAtilde

6HH)LJXUH

YHБзDЁDL 12


)285 )LYHFiacuteUVLQHYHUOLQH

6HH)LJXUH YHБзDЁDL lt(6

RQFHUQLQJampة WDЁDLVHHltDQGltLQ1LNODVPRQJWKHVHYHQSRVVLEOH$ظWDЁDLV WKH WZR WDЁDLV DSSURSULDWH IRU ERWK NDззDЁDLN NDOLW WXЩDL DQGQOtildeULFDL YHБSAtilde DUH FDOOHGLDЩFiacuteUYHБзDЁDLDQGYHБFiacuteUYHБзDЁDL1RWHYHUHЅXWWXLVFRXQWHGampRQVRQDQWVZLWKRXWYRZHODUHQRWFRXQWHG6HHampKHYLOODUGةFKDUWDQGRUQLUDLZKLFKDSSHDUVLQWKHQH[WLWHPVHHampKHYLOODUGRUWKHGHQLWLRQRIQOtildeU(ة


WFDQEHDUJXHGWKDWWKHFUHDWLRQRIWKHYHБSAtildePHWUHت LWVHOIPDKDYHSDUWOUHVXOWHGRPDQDWWHPSWWRVWDELOLVHWKHQXPEHURIHЅXWWXVLQDOLQHZKLFKZDVTXLWHYDULDEOHLQWKHAtildeFLULDPPHWUHUHFLWHGZLWKDQDNDYDOGLFWLRQLQZKLFKHDFKOLQHH[FHSWWKHSHQXOWLPDWHXVXDOOKDGIRXUFiacuteUV7KHSUHVHQFHRIWKHWDЁDLFRQVWUDLQWJUHDWOUHGXFHVWKHYDULDELOLWEHFDXVHRIWKHFRPSHQVDWRUHHFWZKLFKLWSURGXFHVIWKLVZDV LQGHHGRQHRIWKHLQWHQWLRQVWKHLQYHQWLRQRINDззDЁDLNNDOLWWXЩDLZKHUHWKHLQLWLDOHWXNDLFRQVWUDLQWUHLQIRUFHVWKHVWDELOLVLQJHHFWRIWKHWDЁDLFRQVWUDLQWWRZKLFKPXVWEHDGGHGWKHVXSSUHVVLRQRIWKHDQRPDORXVFRQGLWLRQRIWKHIRXUWKOLQHWDNHVWKHHRUWRQHVWHSIXUWKHU7KLVPDH[SODLQZKLWEHFDPHTXLWHSRSXODUDQGZDVXVHGLQďYDLZRUNVVXFKDVWKH3AtildeБзLNNďYDLDQGDOVRWKH7LUXNNďYDLAtildeUE0AtildeLNNDYAtildeFDNDUZKLFKLV LQFOXGHGLQ370DQGZKLFKLVFRPSDUDEOHWR1DPPAtildeѺYAtildeUؾV7LUXYLUXWWDPDOWKRXJKXQOLNHWKH7LUXYLUXWWDP WKH7LUXNNďYDLAtildeUGRHVQRWKDYHWKHDQWAtildeWLIHDWXUH$PRQJWKHRWKHUDXWKRUVRPWKH7DPLOKDNWLFRUSXVZKRKDYHPDGHDUDWKHUHTXHQWXVHRIWKHNDззDЁDLNNDOLWWXЩDLPHWUHLQWKHLUFRPSRVLWLRQVRQHPDDOVRPHQWLRQ$SSDU6HHampKDUWZKRXVHVLWLQWKLUWIRXUKPQVUHIHUUHGWRDVفWLUXYLUXWWDPقZKHUHDVampDPSDQWDUXVHVLWRQOWZRWLPHVLQDOOFRQFHUQLQJWKHDQWAtildeWLIHDWXUHLWPXVWEHVDLGSDUHQWKHWLFDOOWKDWLWVXVH(تLVQRWUHVWULFWHGWRJURXSVRIVWDQ]DVLQQOtildeULFDLYHБSAtildeRULQNDззDЁDLNNDOLWWXЩDLWLVDOVRIRXQGLQVRPHRIWKHELJJHUHQVHPEOHVVXFKDV0AtildeLNNDYAtildeFDNDUؾV7LUXFFDWDNDPFIampKDUWDQGVXFKDVWKH7LUXYAtildePRЅL790DOUHDGPHQWLRQHGZKHUHPDQRWKHUPHWUHVDUHDOVRXVHG

0L[HGJURXSVRIVWDQ]DVܖ

QWHUHVWLQJOLIWKHFXUUHQWOUHFHLYHGFKURQRORJRIWKH7DPLOKDNWLFRUSXVLVQRWZURQJWKHUVWRFFXUUHQFHLQWKH370RIWKHNDззDЁDLNNDOLWWXЩDLPHWUHWDNHVSODFHLQDFRPSRVLWLRQLQPL[HGPHWUHEAtildeUDLNNAtildeODPPDLAtildeUWKHUDззDLPDБLPAtildeODLLQZKLFKWKHWZHQWVWDQ]DVDOWHUQDWHEHWZHHQWZRVHWVRIقGRXEOHJDUODQGRIJHPVفPHWULFDOVSHFLFDWLRQV$NDззDЁDLNNDOLWWXЩDLIRUWKHWHQRGGQXPEHUHGVWDQ]DVDQGQOtildeULFDLYHБSAtildeIRUWKHWHQHYHQQXPEHUHGVWDQ]DV6KHZDVLPLWDWHGODWHUERWKHUSRHWVZKRVHFRPSRVLWLRQVDUHDOVRIRXQGLQWKH3707ܚKHDUH

7KHUHDUHKRZHYHUVSHFLDOFDVHVZKHUHYHБSAtildeVKDYHEHHQFRPSRVHGZLWKD[HGQXPEHURIةHЅXWWXVLQWKHUVWWKUHHOLQHV7KHVHDUHFDOOHGNDззDЁDLYHБSAtilde6HHlt9SSظZKHUHH[DPSOHVRIVXFKYHБSAtildeVDUHSURYLGHGZLWKWKHFRXQWRIHЅXWWXLQWKHUVWWKUHHOLQHVEHLQJWKLUWHHQWKUHHH[DPSOHVIRXUWHHQRQHH[DPSOHRUWZHOYHRQHH[DPSOH6HHampKHYLOODUGةFKDUWDQGIRUDVWDWLVWLFVRIWKHQXPEHURIHЅXWWXVSHUOLQHLQWKHXЩXQWRNDL6HHampKHYLOODUGةWZDVHYHQXVHGIRUFRPSRVLQJJUDPPDWLFDOWUHDWLVHVVXFKDVWKHltAtildeSSDUXЏNDODNAtildeULNDLDQGةWKH9iacuteUDFďЅLDP


DSLOD7OtildeYD1AtildeD҈AtildeUZKRFRPSRVHGWZRLUDззDLPDБLPAtildeODLVذذهWZHQWDOWHUQDWLQJVWDQ]DVWKHUVW7KH0ĭWWD1AtildeDГAtildeU7LUXYLUDззDLPDБLPAtildeODLذذذRQHEHLQJDYHБSAtildeWKLUWVHYHQDOWHUQDWLQJVWDQ]DVVWDU7KHampLYDSHUXPAtildeГ7LUXYLUDззDLPDБLPAtildeODLذذذWLQJZLWKDYHБSAtilde

1DPSLAcircҬAtildeU1DPSLZKRFRPSRVHGWKH7LUXQAtildeUDLĭU9LQAtildeDNDU7LUXYLUDззDLذذهPDБLPAtildeODLWZHQWDOWHUQDWLQJVWDQ]DVVWDUWLQJZLWKDYHБSAtilde

HFLGLQJWRFRPELQHWZRPHWUHVLQDFRPSRVLWLRQZDVKRZHYHURQODUVWVWHSتEHFDXVHDVDQH[WVWHSDQRWKHUSRHWLQYHQWHGDQRWKHUSRHWLFIRUPLQZKLFKWKUHHPHWULFDOFKDUDFWHULVDWLRQVZHUHXVHGLQDFFOLFIDVKLRQWKHQHZIRUPLVVHHQLQVHYHQFRPSRVLWLRQVEVL[SRHWVDOOSUHVHUYHGLQ3707ܚKHPRGHO LVFDOOHGPXPPDБLNNďYDLفQHFNODFHRIWKUHHJHPVقDQGLWFRPELQHVLQFFOLFVXFFHVVLRQ

DYHUVHLQDNDYDOPHWUHZLWKRXWDSUHGHQHGQXPEHURIOLQHVذذهDVWDQ]DZKLFKLVDQOtildeULFDLYHБSAtildeذذهDVWDQ]DLQNDззDЁDLNNDOLWWXЩDLPHWUHذذه7KHSRHWVZKRKDYHXVHGWKLVIRUPDWDUHت

OtildeUDPAtilde҈3HUXPAtildeѶDXWKRURIWKH7LUXYAtildeUĭU0XPPDБLNNďYDLFRQWDLQLQJWKLUWampذذهLWHPV

1DNNiacuteUD7OtildeYD1AtildeD҈AtildeUDXWKRURIWKH7LUXYDODsup3FXЅL0XPPDБLNNďYDLFRQWDLQLQJذذهHHQLWHPV

ѶDPSHUXPAtilde҈$ҬLNDѶDXWKRURIWKHampLYDSHUXPAtildeГ0XPPDБLNNďYDLFRQWDLQLQJذذهWKLUWLWHPV

WLUAtildeYDҬLNDѶDXWKRURIWKH0ĭWWD3LЁЁDLAtildeU0XPPDБLNNďYDLFRQWDLQLQJWZHQW$ذذهWKUHHLWHPV

3DҬҬL҈DWWXS3LѶѶDLAtildeUZKRFRPSRVHGWZRGLVWLQFW0XPPDБLNNďYDLVذذهFRQWDLQLQJLWHPV7KH7LUXNNDЅXPDOD0XPPDБLNNďYDLذذذFRQWDLQLQJLWHPV7KH7LUXYLзDLPDUXWĭU0XPPDБLNNďYDLذذذ

FRQWDLQLQJ1DPSLAcircҬAtildeU1DPSLDXWKRURIWKHAcircЁXзDLDSLЁЁDLAtildeU0XPPDБLNNďYDLذذهLWHPV

DWHUDQRWKHUIRUPZDVLQYHQWHGFRPELQLQJIRXUWSHVRIYHUVHVWZDVFDOOHGتQAtildeГPDБLPAtildeODLفJDUODQGRIIRXUJHPVقHKDYHRQORQHH[DPSOHRI LW LQWKHKDNWLFRUSXVZKLFKZDVFRPSRVHGE3DҬҬL҈DWWXS3LѶѶDLAtildeULWLVFDOOHGďLO1AtildeГPDБLPAtildeODLDQGFRQWDLQVIRUWLWHPV7RWKHWKUHHWSHVRIYHUVHFRQWDLQHGLQWKH0XPPDБLNNďYDLLWDGGVDIRXUWKWSHZKLFKLVAtildeFLULDYLUXWWDPDFRYHUWHUPIRUVHYHUDOWSHVRIVWDQ]DLFPHWUHXWRIFRXUVHLWLVDOZDVSRVVLEOHWRFUHDWHPRUH

LQOLQHVRIWKHWHQDNDYDOYHUVHVDUH7KHOHQJWKVةDQGܠ7KHWHQYHБSAtildeVDQGWKHWHQNDззDЁDLNNDOLWWXЩDLVWDQ]DVKDYHRIFRXUVHIRXUOLQHVHDFKIRUظجWGRHVPDNHXVHRIVHYHUDOGLVWLQFWWSHVRIAtildeFLULDYLUXWWDP6HH370$SSةWKHGHWDLO


FRPSOH[VWUXFWXUHVDQGWKLV LVZKDWZHVHHLQWKHSHQXOWLPDWHFRPSRVLWLRQE1DPSLAcircҬAtildeU1DPSLFRQWDLQHGLQ370QDPHOWKHAcircЁXзDLDSLЁЁDLAtildeU7LUXNNDODPSDNDP370ظظFKDUDFWHUL]HGEWKH370$HGLWRUDVUHSUHVHQWLQJWKHRUXSďNXNRFFDNDNNDOLSSAtildeFDWHJRULWFRQWDLQVDEHZLOGHULQJYDULHWRIPHWUHVDVLILWKDGEHHQFRPSRVHGLQRUGHUWREHDPDQXDOIRUVWXGHQWV

1$73LDЩSAtildeDQGLFDLSSAtildeLQWKH1AtildeOAtildeLUDW7LYYDSSLUDSDQWDPܗ

VKDOOQRZH[DPLQHWKHPHWUHVLQWKH1$73EXWEHIRUHEHLQJDEOHWRGRWKDWDQXPEHURIH[SODQDWLRQVDUHUHTXLUHG LQRUGHUWRIDFLOLWDWHWKHQDYLJDWLRQRIWKHUHDGHUEHWZHHQWKHYDULRXVHGLWLRQVFRQVXOWHGVRPHRIZKLFKDUHFXUUHQWODYDLODEOHPXVWSUHOLPLQDULOVWDWHWKDWWKH9DLҢDYDFRUSXVLVWUDGLWLRQDOOGLYLGHGLQWRIRXUHQVHPEOHVDQGIXUWKHUVXEGLYLGHGLQWRWZHQWIRXUVXEVHWVWRWRWR7KUHHRIWKRVHIRXUHQVHPEOHVDQGIDOOXQGHUWKHODEHOLFDLSSAtildeفPXVLFDOYHUVHقWKHFRPSRVLWLRQVZKLFKWKHFRQWDLQEHLQJWUDGLWLRQDOODVVRFLDWHGZLWKWKHQDPHVRI PHORGLHVRUSDБVRQWKHEDVLVRIZKLFKWKHPXVWKDYHEHHQVXQJDOWKRXJKWKHFXUUHQWSUDFWLFHIRUERWKFDWHJRULHVLVSUREDEOQRWUHSUHVHQWDWLYHRIZKDWWKHRULJLQDOXVDJHPDKDYHEHHQQFRQWUDGLVWLQFWLRQWRWKLVWKHFRPSRVLWLRQVFRQWDLQHGLQWKHUHPDLQLQJHQVHPEOHDUHQRWVXSSRVHGWRKDYHEHHQRULJLQDOOVXQJDQGWKLVLVZKWKLVHQVHPEOHLVODEHOHGLDЩSAtildeفQDWXUDOYHUVHق$PRQJWKHWZHOYHDXWKRUVZKRDUHVDLGWRKDYHFRPSRVHGWKHSRHPVFRQWDLQHGLQWKH1$73WKUHHKDYHXVHGERWKLFDLSSAtildeDQGLDЩSAtilde7KHDUH

ampKDUWLQWHUPHGLDWHFKURQRORJLFDOODHUة

$XWKRUV LDЩSAtildeفQDWXUDOYHUVHقgtROGHUODHU

LFDLSSAtildeفPXVLFDOYHUVHقgtPRGHUQODHU

1DPPAtildeѺYAtildeU 57LUXYLUXWWDP79gtVWDQ]DV

7LUXYAtildePRЅL790gtVWDQ]DV

6HHIRULQVWDQFHWKHGHWDLOJLYHQRQSDJHVةWRRIWKHHGLWLRQUHIHUUHGWRDV1$73LQWKHELEOLRJUDSK)+DUGGLYLGHVWKHFRUSXVLQWRVXEVHWVEHFDXVHKHKDVPHUJHGWKHUVWWZRVXEVHWV7LUXSSDOOAtildeБзXDQG3HULAtildeЅYAtildeU7LUXPRЅLLQWRRQHVLQJOHVXEVHW7KLVLVDOVRWKHFDVHZLWKWKH)amp2HGLWLRQQWKHVPPHWULFDOFDVHRIWKHPHORGLHVWREHXVHGIRUWKH7OtildeYAtildeUDPVHHIRUة LQVWDQFHWKHUHPDUNVZLWKUHIHUHQFHWR89OtildeampAtildePLQAtildeWDLDUPDGHE)URVO[O[LQWKH370WKHGLVWLQFWLRQDOVRH[LVWVDVHYLGHQFHGEWKHWLWOHRI370ة7LUXYLFDLSSAtilde7LUXSSDOOAtildeБзX0RVWRIWKH7OtildeYAtildeUDPVHHPVWRIDOOZLWKLQLFDLSSAtildeDOWKRXJKSDUWRI$SSDUؾVFRPSRVLWLRQVPLJKWIDOOXQGHULDЩSAtildeHKDYHDOUHDGLQWKHLQWURGXFWLRQPHWZLWKWKHSDБFDOOHGLQWDЁDP)RUPRUHGHWDLOVHHWKHOLVWRISDБVLQWKHLJLWDO7OtildeYAtildeUDP


67LUXYAtildeFLULDP7AcircgtOLQHV73HULD7LUXYDQWAtildeWL37$gtVWDQ]DV

7LUXPDNDLAcircѺYAtildeU 87LUXYHЅXNĭЩЩLUXNNDL7(gtOLQHV9ampLЩLD7LUXPDзDOamp70DgtOLQHV103HULD7LUXPDзDO370DgtOLQHV

ʁ1)3HULDWLUXPRЅL370gtVWDQ]DVʁ2)7LUXNXЩXQWAtildeБзDNDP77gtVWDQ]DVʁ3)7LUXQHзXQWAtildeБзDNDP717gtVWDQ]DV

7LUXPDѺLFDLAcircѺYAtildeU 41AtildeГPXNDГ7LUXYDQWAtildeWL17$gtVWDQ]DV

7LUXFFDQWDYLUXWWDP7amp9VWDQ]DV

7KHUHPDLQLQJQLQHDXWKRUVKDYHXVHGHLWKHUH[FOXVLYHO LDЩSAtildeRUH[FOXVLYHOLFDLSSAtilde7KHDUH

ampKDUWROGHUFKURQRORJLFDOODHUة

$XWKRU ([FOXVLYHOLDЩSAtildeفQDWXUDOYHUVHق

3RNDLAcircѺYAtildeU 10XWDO7LUXYDQWAtildeWL7$gtVWDQ]DV

3ĭWDWWAtildeѺYAtildeU 2UDБзAtildeP7LUXYDQWAtildeWL7$gtVWDQ]DV

3OtildeAcircѺYAtildeU 30ĭГЩAtildeP7LUXYDQWAtildeWL7$gtVWDQ]DV

7KLVFRPSRVLWLRQZKLFKLVQRWVWDQ]DLFFRQVLVWVRIYHUVHVRIYDULRXVOHQJWKVةDQGOLQHVFRQQHFWHGWKURXJKDQWAtildeWLDGHYLFHZKLFKKDVDOUHDGEHHQSUHVHQWHGLQ6HFWLRQܕRUNDББLLIZHGHFLGHقFRXSOHWف7KHQDWXUDOXQLWRIGLYLVLRQIRUWKHamp70DQGWKH370LVWKHةWRJLYHWKLVQDPHWRWKHSDLUVRIOLQHVOLQNHGEWKHWRзDLFDOOHGHWXNDL-RLQWOamp70DQG370DPRXQWWRFRXSOHWV7KHDUH LQIDFW IRUPDOOVLPLODUWRWZRSRHPVIRXQGLQWKHĜDLYD370 QDPHO WKH 7LUXNNDLOAtildeD AtildeГD 8OAtilde FRPSRVHG E ampOtildeUDPAtilde҈ 3HUXPAtildeѶ DQG WKHAcircЁXзDLDSLЁЁAtildeLAtildeU7LUXYXOAtildePAtildeODLFRPSRVHGE1DPSLAcircҬAtildeU1DPSL7KHIRUPHUFRQWDLQVFRXSOHWV7KHODWWHUFRQWDLQVFRXSOHWV6HH3L5Atilde1DҬDUAtildeFD҈ؾVHGLWLRQSجDQGSܕجWVRPHSRLQWZKLOHFRPPHQWLQJRQampKDUWZHVKDOOVHHWKDWLDЩSAtildeLVLQIDFWDQDUFKDLF$ةODHU


ampKDUWPRUHUHFHQWFKURQRORJLFDOODHUة

$XWKRU ([FOXVLYHOLFDLSSAtildeفPXVLFDOYHUVHق

3HULAtildeѺYAtildeU 17LUXSSDOOAtildeБзX73AcircgtVWDQ]DV3HULAtildeЅYAtildeU7LUXPRЅL3Acirc70gtVWDQ]DV

AcircҬAtildeѶ 37LUXSSAtildeYDL73gtVWDQ]DV1AtildeFFLAtildeUWLUXPRЅL170gtVWDQ]DV

XODFOtildeNDUDAcircѺYAtildeU 53HUXPAtildeЁ7LUXPRЅL3070gtVWDQ]DV

7RҬDUDҬLSSRҬL 7LUXPAtildeODL70gtVWDQ]DV87LUXSSDЁЁLHЅXFFL73(gtVWDQ]DV

7LUXSSAtildeAcircѺYAtildeU 9$PDODГAcircWLS3LUAtildeГ$Acirc3gtVWDQ]DV

0DWXUDNDYLAcircѺYAtildeU 10DББL1XБampLЩXW7AtildePSX1amp7gtVWDQ]DV

WFDQEHVDLGRQWKHEDVLVRIWKRVHWKUHHFKDUWVWKDWWKHIRXUWHHQFRPSRVLWLRQVتWKDWIDOOXQGHULFDLSSAtildeفPXVLFDOYHUVHقDUHDOOPDGHRIVWDQ]DVWKHFRPSOHWHFRXQWEHLQJVWDQ]DVIRUWKHHQVHPEOHVDQG2QWKHRWKHUKDQGLQWKHLDЩSAtildeFROOHFWLRQZHKDYHVL[VXEVHWVWRWDOLQJVWDQ]DVZKLFKFDQEHVXEGLYLGHGLQWRQOtildeULFDLYHБSAtildeVDQGNDззDЁDLNNDOLWWXЩDLVWDQ]DVDQGUHPDLQLQJVXEVHWVFRQVLVWLQJRISRHPVZKLFKFDQQRWEHFRQVLGHUHGDVPDGHXSRIVWDQ]DVEXWZKLFKKDYHQHYHUWKHOHVVEHHQLQFRUSRUDWHGLQYDULRXVZDVLQWKHVHHPLQJOSUHFLVHFRXQWRIZKLFKLVLPSOLHGIRUPDQSHRSOHEWKHGHVLJQDWLRQ1$737KHWRWDOQXPEHURIفUHDOقVWDQ]DVLQWKH1$73LVWKXVܕ

6HHWKHOLVWRIDEEUHYLDWLRQVLQIRRWQRWHة7KHDUHWKH7LUXYAtildeFLULDPة 7AcircWKH7LUXYHЅXNĭЩЩLUXNNDL 7( WKHampLЩLD7LUXPDзDOamp70DDQGWKH3HULD7LUXPDзDO370DWRWDOLQJOLQHVPXVWQRWQHFHVVDULOFRQWDLQVWDQ]DVق7KRXVDQGف7KHUHDUHDOVRWKRVHZKREHOLHYHWKDWDةEHFDXVHWKH0XWDOAtildeLUDPف)LUVW7KRXVDQGقLH1$73FRQWDLQVLQIDFWVWDQ]DV7ZRVWUDWHJLHVDUHXVHG7KHUVWVWUDWHJFRXQWVWKH7AcircDVLWHPVWKH7(DVLWHPWKHةamp70DDVLWHPVZKLFKDUHNDББLVRUSDLUVRIOLQHVDQGWKH370DDVLWHPV7KHVHFRQGVWUDWHJGLYLGHVamp70DDQG370DLQWRDQGLWHPVRUVRPHWLPHVLQWRDQGLWHPV LQ RUGHU WR LQFOXGH LQWR WKH FRXQW RI DQ DGGLWLRQDO FRPSRVLWLRQ LUAtildePAtildeГXFDQĭЩЩDQWAtildeWLZKLFKFRQWDLQVVWDQ]DVLQNDззDЁDLNNDOLWWXЩDLPHWUHDQGKRQRXUV5AtildePAtildeQXMDWKH9DLҢDYDWKHRORJLDQZKRLVVDLGWRKDYHGLHGLQܖ


KURQRORJLFDOODHUVampܘ

7RWKRVHSUHOLPLQDUHOHPHQWVRIGHVFULSWLRQZHPDDGGWKDWWKHUHVHHPVWRH[LVWDFRUUHODWLRQEHWZHHQWKHSHULRGWRZKLFKDSDUWLFXODUAcircѺYAtildeUEHORQJVDQGWKHWSHVRIPHWUHVKHRUVKHKDVXVHGIZHWDNHIRU LQVWDQFHWKHWHQWDWLYHFKURQRORJSURSRVHGLQ+DUGWDEOH9DQGOLQNLWZLWKWKHLQIRUPDWLRQJLYHQLQampKDUWVDQGZHREWDLQWKHIROORZLQJ

ampKDUW0HWUHVLQWKHOLJKWRIWKHFKURQRORJSURSRVHGE)+DUG

3RNDLAcircѺYAtildeU WKRUHDUOWKFHQWXU LDЩSAtilde

3ĭWDWWAtildeѺYAtildeU WKRUHDUOWKFHQWXU LDЩSAtilde

3OtildeAcircѺYAtildeU WKRUHDUOWKFHQWXU LDЩSAtilde

7LUXPDѺLFDLAcircѺYAtildeU WKRUHDUOWKFHQWXU LDЩSAtildeLFDLSSAtilde

1DPPAtildeѺYAtildeU WKRUHDUOWKF LDЩSAtildeLFDLSSAtilde

7LUXPDNDLAcircѺYAtildeU VHFRQGKDOIRIWKF LDЩSAtildeLFDLSSAtilde

3HULAtildeѺYAtildeU WKFHQWXU LFDLSSAtilde

AcircҬAtildeѶ WKFHQWXU LFDLSSAtilde

XODFOtildeNDUDAcircѺYAtildeU WKFHQWXU LFDLSSAtilde

7LUXSSAtildeAcircѺYAtildeU WKRUHDUOWKF LFDLSSAtilde

7RҬDUDҬLSSRҬLAcircѺYAtildeU WKRUHDUOWKF LFDLSSAtilde

0DWXUDNDYLAcircѺYAtildeU WKRUWKF LFDLSSAtilde

IWKLVFKURQRORJLVFRUUHFWLWPLJKWPHDQWKDWWKHUVWWKUHHAcircѺYAtildeUVZKRKDYHتPDGHH[FOXVLYHXVHRIQOtildeULFDLYHБSAtildeZHUHOLYLQJLQDWLPHZKHQWKHQHZPHWUHVZKLFKZRXOGEHGHYHORSHG ODWHU LQRUGHUWRDFFRPPRGDWHVLQJLQJZHUHQRWHWFXUUHQWWDOVRPHDQVWKDW7LUXPDѺLFDLAcircѺYAtildeUOLYHGLQDQDJHRIH[SHULPHQWDWLRQ2QWKHRQHKDQGKLVLDЩSAtildeFRPSRVLWLRQPDNHVXVHRIQOtildeULFDLYHБSAtildeLQDQDQWAtildeWLRIVWDQ]DVMXVWDVWKHUVWWKUHHAcircѺYAtildeUVGR2QWKHRWKHUKDQGKHLVVDLGWRKDYHFRPSRVHGWKH7LUXFFDQWDYLUXWWDP7amp9DFRPSRVLWLRQFRQWDLQLQJVWDQ]DV$FFRUGLQJWRWKH)amp2HGLWLRQWKHPHWUHXVHGLQWKH7amp9LVFDQWDNNDOLYLUXWWDPEXWDFFRUGLQJWRWKHHGLWLRQSXEOLVKHGE UDWWL҈D1AtildeDNDU6DQV


KHQFHIRUWK1$73WKHPHWUHLVHЅXFiacuteUNDЅLQHзLODзLAtildeFLULDYLUXWWDP$VDFRQVHTXHQFHWKH)amp2HGLWLRQSULQWVWKHWH[WRIWKHUVWVWDQ]DZLWKIRXUFiacuteUVSHUOLQHDV

SĭQLOAtildeDYDLQWXPAtildeSSXГDЩNDБQLГЩDQAtildeГNXPAtildeة(1)WiacuteQLOAtildeDPĭГЩXPAtildeFFLЩDQWDNAtildeOLUDБзXPAtildePiacuteQLOAtildeDWRГЩXPAtildeNLYOtildeЩXYOtildeЩXWDГPDLAtildeQiacuteQLOAtildeDYDББDQLГГDLAtildeUQLГDLNNDYDOODUOtilde

ZKHUHDVWKH1$73HGLWLRQSULQWVLWGLHUHQWOZLWKRXWKRZHYHUPDNLQJLWFOHDUتZKHUHWKHVHYHQFiacuteUVZKLFKWKHWH[WVKRXOGFRQWDLQDUHWREHVHHQWVHHPVKRZHYHUWRPHWKDWLWLVSRVVLEODQLOOXVLRQWRWUWRGLYLGHWKRVHOLQHVLQWRFiacuteUVDQGWKDWLIZHSULQWWKHPDVFRQWLQXRXVVWULQJVDSSOLQJWKHVDQGKLUXOHVZHGRREWDLQIRXUVWULQJVZKLFKVHHPWREHVXFFHVVLRQVRIDOWHUQDWLQJKHDY6NWJXUXDQGOLJKW6NW ODJKXVOODEOHVQRWKHUZRUGVHDFKRIWKHIRXUVWULQJVFRQWDLQVHHQVOODEOHVDQGIROORZVDYHUGHQLWHSDWWHUQZKLFKLV

˲

DVFDQEHVHHQLQت

˲SĭQLOAtildeDYDLQWXPAtildeSSXГDЩNDБLГЩDQAtildeГNXPAtildeWiacuteQLOAtildeDPĭГЩXPAtildeFFLЩDQWDNAtildeOLUDБзXPAtildePiacuteQLOAtildeDWRГЩXPAtildeNLYOtildeЩXYOtildeЩXWDГPDLAtildeQiacuteQLOAtildeDYDББDQLГГDLAtildeUQLГDLNNDYDOODUOtilde

QRWKHUZRUGVLWLVTXLWHSRVVLEOHWKDW7LUXPDѺLFDLAcircѺYAtildeUZKHQFRPSRVLQJWKHت7LUXFFDQWDYLUXWWDP7amp9ZDVQRWIROORZLQJWKHUXOHVRIWUDGLWLRQDO7DPLOSRHWUEXWZDVLQIDFWIROORZLQJVRPHUXOHVRI6DQVNULWYHUVLFDWLRQDQGWKLVPLJKWEHWKHUHDVRQZKWKHWLWOHRIKLVSRHPFRQWDLQVWKHZRUGFDQWDP6NWFKDQGDV7KHUHLVLQGHHGD6DQVNULWPHWUHRIWKHVDPDYХWWDWSHZLWKHHQDNЭDUDVLQDSAtildeGDZKLFKFRUUHVSRQGVWRWKHSDWWHUQWLVFDOOHGWĭБDNDDQGGHVFULEHGLQ$SWHؾV3UDFWLFDOGLFWLRQDULQWKH$SSHQGL[RQSج7KHIROORZLQJWHQVWDQ]DVLQWKH7amp9IROORZH[DFWOWKHVDPHSDWWHUQEXWWKHVWDQ]DZKLFKVWDUWVZLWKDOLJKWVOODEOHDQGLQZKLFKWKHOLQHVFRQWDLQVOODEOHVKDVDGLHUHQWSDWWHUQ6SDFHDQGWLPHGRQRWDOORZPHWRFRQWLQXHWKLVH[SORUDWLRQIXUWKHUHIRUHFRQWLQXLQJRXUH[SORUDWLRQRIWKHPHWUHVXVHGEWKHRWKHUDXWKRUVUHSUHVHQWHGLQWKH9DLҢDYDFRUSXVZHPXVWWDFNOHWKHGLFXOWWHFKQLFDOTXHVWLRQKRZWRQDYLJDWHZLWKLQWKH1$73

VHHELEOLRJUDSK$VHDUFKRQWKHQWHUQHWSURYLGHV7KHHGLWLRQFRQVXOWHGLVWKHUHSULQWةDQ H[DPSOH RI D 6DQVNULW YHUVH IROORZLQJ WKLV SDWWHUQ NXЏNXPAtildeNWDNAtildesup3FDQAtildeEMDJDUYDKAtildeULJDXUDEKAtildeSiacuteWDQAtildesup3FLWAtildeEMDJDQGKDNiacuteUWLQLQGLVDXUDEKAtildeYDOODYHĝDVĭQXVDUYDYAtildesup3FKLWAtildeUWKDVAtildeGKLNAtildePDKDPAtildeWPDSAtildeGDSDGPDGAtildeVDGAtildeVWXUAtildeGKLNAtildeVHHKWWSZZZJUDQWKDPDQGLUDFRP


RZWRUHIHUWRDVWDQ]DLQWKH1AtildeOAtildeLUDW7LYYDSSLUDSDQWDP+ܙ

QRUGHUWRUHIHUWRDVSHFLFVWDQ]DVHYHUDOPHWKRGVFDQEHXVHG2QHRIWKHPFRQVLVWVLQPDNLQJXVHRIDQRYHUDOOQXPEHULQJVFKHPHIRUWKHZKROHRIWKH73EXWLWVXVHUVZLOOEHFRQRQWHGZLWKWKHLQHVFDSDEOHGLFXOWWKDWH[LVWLQJHGLWLRQVKDYHGLHULQJRYHUDOOQXPEHULQJVFKHPHVDQGWKDWQRHGLWLRQFDQFXUUHQWOEHFRQVLGHUHGDVDUHIHUHQFHHGLWLRQ)RULQVWDQFHZHQGWKHIROORZLQJRUJDQL]DWLRQRIWKH73LQWKHIROORZLQJPRGHUQHGLWLRQVRU(WH[WVVHYHUDORIZKLFKKDYHEHHQXVHGLQWKLVVWXGLQRUGHUWRGHWHUPLQHZKHWKHUWKHUHLVDPRGHUQFRQVHQVXVFRQFHUQLQJWKHPHWUHVXVHGLQWKH737KHDUH

WKHة73$1ذذهHGLWLRQE UDWWL҈D1AtildeDNDU6D҈VLQYROXPHZLWKWKHRUGHUEXWZLWKQRRYHUDOOQXPEHULQJVFKHPH

0WKHة73$1ذذهXUUD5DMDPHGLWLRQLQYROXPHVظltgtظظltDQGgtظ

LQYROXPHVWKH)amp2HGLWLRQة73$1ذذهVWYROظltجgtظظltQGYROظltج

ظltLQYROXPHVWKH0XOODL1LODLDPHGLWLRQة73$1ذذهgtظ٥ltDQGظlt

73GLHUVRPDOOWKHRWKHUHGLWLRQVZLWKRYHUDOOQXPEHULQJLQQRWDVVLJQLQJDQXPEHU$1ةWRZKDWLVFRQVLGHUHGDVWKHUVWVWDQ]DLQWKH7LUXSSDOOAtildeБзX11XPEHULVDVVLJQHGWRWKHVWDQ]D VWDUWLQJZLWK DзLďPďзXPQLГГďзXPف V$قlt D FRQVHTXHQFH WKH ODVW VWDQ]D LQ WKH0XWDOAtildeLUDPLVQXPEHUHGDVVWDUWVRZHYHUWKHQXPEHULQJLQWKHVHFRQGYROXPH+ܕZLWKVWUDQJHOOHDYLQJDJDSIZHH[FHSWWKH0XWDOAtildeLUDPWKHQXPEHULQJRI1$73LVLGHQWLFDOZLWKWKHQXPEHULQJRI1$73DQGWKHVDQGKLVSOLWWH[WVHHPVLGHQWLFDODOWKRXJK1$73GRHVQRWSURYLGHWKHYDULDQWUHDGLQJVDV1$73GRHVLQDSSHQGLFHV7KLVFRXQWة LQFOXGHVWKHUAtildePAtildeQXFD1ĭЩЩDQWAtildeWLظWKHampLЩLD7LUXPDзDODQGWKH3HULD7LUXPDзDOEHLQJFRXQWHGIRUXQLWVgtظDQGXQLWVgtظLUDБзAtildePVHFRQGHGLWLRQPDЩXDFFXRIWKH73UHIHUVKHUHWRWKHUHSULQW$1ةSDWLSSXLQWZRYROXPHVSXEOLVKHGEWLOLззDOSЁDYDUNDPSHГL)amp2WKHUVWHGLWLRQKDYLQJFRPHRXWLQ7KHERRNFRYHUVLQGLFDWHܓQAtildeOAtildeLUDWLYYLDSSLUDSDQWDP73UHIHUVKHUHWRWKHPDЩXSDWLSSXRIWKHYROXPH1AtildeOAtildeLUDWLYDSLUDSDQWDP$1ةPĭODPXPWHЁLYXUDLXPFRQWDLQLQJWKHFRPPHQWDUE1AtildeUAtildeDD9OtildeOXS3LѶѶDL0XOODL1LODLDPampH҈҈DLWKHUVWHGLWLRQKDYLQJFRPHRXWLQ7KHRYHUDOOQXPEHULQJIRUWKHIRXUWKYROXPHVHHPVWREHFRPHLQFRQVLVWHQWRULQYLVLEOHZKHQةZHUHDFKWKHampLЩLD7LUXPDзDO9DQGWKH3HULD7LUXPDзDO(10ZKLFKDUHQRWFOHDUOQXPEHUHG+RZHYHUWKHHGLWRUVؾLQWHQWLRQZDVSUREDEOWRQXPEHUWKHPZLWKDVWKHODVWLWHPQXPEHUEHFDXVHZHQGDVDQDSSHQGL[WKHUAtildePAtildeГXFD1ĭЩЩDQWAtildeWLZKLFKLVQRWSDUWRIWKH73QXPEHUHGRPWR6HH+DUGIRUDFRPSDULVRQRIWZRQXPEHULQJVWUDWHJLHV


LQWKH6-HNDWUDҬFDND҈HGLWLRQSXEOLVKHGEAcircѺYAtildeUNDѶAcircYX0DLDPة73$1ذذهYROXPHظltgtظltظgtظ

قZZZUDPDQXMDRUJفWKHWH[WDYDLODEOHRQWKHVLWHة73$1ذذهWKHة73$1ذذه WH[W DYDLODEOH RQ WKH VLWH RI WKH 3URMHFW0DGXUDL ظlt

gtظltظgtظ7KHRWKHUPRUHUHDOLVWLFPHWKRGFRQVLVWVLQXVLQJDORFDOQXPEHULQJVFKHPHLQتZKLFKWKHFRQVWLWXHQWVRIHDFKFRPSRVLWLRQDUHQXPEHUHGVHSDUDWHO6XFKDVFKHPHLVDYDLODEOHLQPRVWRIWKHHGLWLRQVGHVFULEHGDQRWDEOHH[FHSWLRQEHLQJ1$730DNLQJXVHRIWKHDEEUHYLDWLRQDOUHDGSURSRVHGWKHIROORZLQJFKDUWLQGLFDWHVKRZPDQOHYHOVRIQXPEHULQJDUHUHTXLUHGIRUWKHYDULRXVFRPSRQHQWVRI1$73

ampKDUWRFDOQXPEHULQJVFKHPHV

7ULSOHOHYHOQXPEHULQJ376

3Acirc703HULAtildeЅYAtildeU7LUXPRЅLgtVWDQ]DV3703HULDWLUXPRЅLgtVW7907LUXYAtildePRЅLgtVW

7KLVHGLWLRQFRQWDLQVDQ(QJOLVKWUDQVODWLRQDQGD7DPLOFRPPHQWDU1AtildeOAtildeLUDP7LYDSة3LUDSDQWDP$LQWAtildeP9OtildeWDP1DDYXUDL9DLDYDFampHPPDOҫAtildeNҬDU(V-HNDWUDҬFDND҈AcircѺYAtildeUNDѶAtildeYXPDLDPampH҈҈DLDLQWAtildePSDWLSSX7KHUHLVDJDSLQWKLVHGLWLRQEHWZHHQWKHQXPEHULQJVRIDQGEHFDXVHQXPEHUVةWRKDYHEHHQXVHGIRUQXPEHULQJWKHVWDQ]DVRIWKHUAtildePAtildeQXFD1ĭЩЩDQWAtildeWL7KLVPDNHVWKHQXPEHULQJRIWKLVHGLWLRQWRWDOOLGHQWLFDOZLWKWKHQXPEHULQJVHHQLQ1$73DVIDUDVDQGDUHFRQFHUQHG7KHUHLVKRZHYHUDGLHUHQFHRIXQLWEHWZHHQ1$73DQG1$73LQWKHFDVHRIFIIRRWQRWHQ$XJXVWWKHFRQVWLWXHQWHOHPHQWVRIWKH73DUHIRXQGRQWKHSDJHKWWSةZZZUDPDQXMDRUJVYSUDEDQGKDPLQGH[KWPOLQWKHRUGHU6XUSULVLQJOWKHHOHPHQWVLQDUHQXPEHUHGRPWRWKRVHLQDUHQXPEHUHGRPWRWKRVHLQRPWRWKRVHLQRPWRQDGGLWLRQWRWKDWWKHDQWAtildeWLIRU5DPDQXMDLVQXPEHUHGRPWR9IRUZKLFKQRRYHUDOOQFRQVLVWHQFLHVDUHVHHQLQWKHQXPEHULQJRIWKHampLЩLD7LUXPDзDOةQXPEHULQJLVJLYHQ7$7KHZKROHDOSKDEHWLFDOOLVWRIDEEUHYLDWLRQVLVDVIROORZVة0XWDO7LUXYDQWAtildeWL7$UDБзAtildeP7LUXYDQWAtildeWL7$0ĭГЩAtildeP7LUXYDQWAtildeWL$Acirc3$PDODГAcircWLS3LUAtildeГamp70DampLЩLD7LUXPDзDO1amp7DББL1XБampLЩXW7AtildePSX17$1AtildeГPXNDГ7LUXYDQWAtildeWL1701AtildeFFLAtildeUWLUXPRЅL3Acirc703HULAtildeЅYAtildeU7LUXPRЅL30703HUXPAtildeЁ7LUXPRЅL37$3HULD7LUXYDQWAtildeWL3703HULDWLUXPRЅL370D3HULD7LUXPDзDO7Acirc7LUXYAtildeFLULDP 7amp9 7LUXFFDQWDYLUXWWDP 7( 7LUXYHЅXNĭЩЩLUXNNDL 77 7LUXNXЩXQWAtildeБзDNDP707LUXPAtildeODL7177LUXQHзXQWAtildeБзDNDP737LUXSSAtildeYDL73Acirc7LUXSSDOOAtildeБзX73(7LUXSSDЁЁLHЅXFFL797LUXYLUXWWDP7907LUXYAtildePRЅLRPSRVLWLRQVUHTXLULQJWKUHHOHYHOVRIQXPHUDWLRQDUHGLYLGHGLQWRWRSOHYHOJURXSVFDOOHGampةSDWWXWKHPVHOYHVGLYLGHGLQWRPLGGOHOHYHOJURXSVFDOOHGWLUXPRЅLIRU3Acirc70RUIRU370RUWLUXYAtildePRЅLIRU7900LGGOHOHYHOJURXSVDUHGLYLGHGLQWRVWDQ]DV


RXEOHOHYHOQXPEHULQJ76

1701AtildeFFLAtildeUWLUXPRЅLgtVWDQ]DV30703HUXPAtildeЁ7LUXPRЅLgtVW

6LQJOHOHYHOQXPEHULQJLFDLSSAtilde6

$Acirc3$PDODГAcircWLS3LUAtildeГgtVWDQ]DV1amp7DББL1XБampLЩXW7AtildePSXgtVW7amp97LUXFFDQWDYLUXWWDPgtVW777LUXNXЩXQWAtildeБзDNDPgtVW707LUXPAtildeODLgtVW7177LUXQHзXQWAtildeБзDNDPgtVW737LUXSSAtildeYDLgtVW73Acirc7LUXSSDOOAtildeБзXgtVW73(7LUXSSDЁЁLHЅXFFLgtVW

6LQJOHOHYHOQXPEHULQJ

LDЩSAtildegt6WDQ]DLF6 7$0XWDO7LUXYDQWAtildeWLgtVWDQ]DV7$UDБзAtildeP7LUXYDQWAtildeWLgtVW7$0ĭГЩAtildeP7LUXYDQWAtildeWLgtVW17$1AtildeГPXNDГ7LUXYDQWAtildeWLgtVW37$3HULD7LUXYDQWAtildeWLgtVW797LUXYLUXWWDPgtVW

6LQJOHOHYHOQXPEHULQJLDЩSAtildegt1RQ6WDQ]DLFRU

amp70DampLЩLD7LUXPDзDOgtOLQHV370D3HULD7LUXPDзDOgtOLQHV7Acirc7LUXYAtildeFLULDPgtOLQHV7(7LUXYHЅXNĭЩЩLUXNNDLgtOLQHV

0HWUHVSHFLFDWLRQVLQWKH1$73HGLWLRQVܚ

7KLVORQJSUHOLPLQDUVHFWLRQEHLQJRYHUZHQRZVZLWFKWRWKHWDVNZHKDYHVHWIRURXUVHOYHVQDPHOSURYLGLQJVWDWLVWLFVIRUWKHPHWUHVZKLFKDUHXVHGLQWKHVWDQ]DVRIWKH1$73 WPXVWUVWEHREVHUYHGWKDWLQVHYHUDORIWKHHGLWLRQVFXUUHQWODYDLODEOHIRUWKH1$73ZHQG LQWKHEORFNVRIWH[WZKLFKSUHFHGHWKHYDULRXVJURXSVRIVWDQ]DVVKRUWVWDWHPHQWVZKLFKFDQEHGHVFULEHGDVSURYLGLQJPHWULFDODQGPXVLFDOLQIRUPDWLRQ)RULQVWDQFHWKHHGLWLRQRIWKH1$73E

RPSRVLWLRQVZKLFKUHTXLUHOHYHOVRIQXPHUDWLRQDUHGLYLGHGLQWRJURXSVFDOOHGampة WLUXPRЅLZKLFKDUHWKHPVHOYHVGLYLGHGLQWRVWDQ]DVFRXSOHWف6HHKRZHYHUIRRWQRWHIRUDQRWKHUSRVVLELOLWXVLQJWKHVXEGLYLVLRQVFDOOHGNDББLةSDLURIOLQHVقSUHOLPLQDUDQGFXUVRUH[DPLQDWLRQRIVRPHSDOPOHDIPDQXVFULSWVSUHVHUYHGLQWKH()(2$ةOLEUDUVHHPVWRLQGLFDWHWKDWVRPHPDQXVFULSWVDOVRFRQWDLQPHWULFDODQGPXVLFDOLQIRUPDWLRQEXWWKDWWKHSUDFWLFHZDVWRSXWWKDWLQIRUPDWLRQDHUWKHVWDQ]DVFRQFHUQHG)RULQVWDQFHLQWKH


WKHHGLWRUUDWWL҈D1AtildeDNDU6D҈V1$73VWDWHVRQSجLQLWVIRXUWKVHFWLRQ790WKDWWKHKPQVWDUWLQJZLWKWKHZRUGVفXDUYDЩDYXDUQDODPZKLFKLVWKHUVWفWLUXYAtildePRЅLقLQWKHUVWفSDWWXقDQGFRQVLVWVRIHOHYHQOLQHVWDQ]DVLVFRPSRVHGLQDPHWUHFDOOHGNDOLYLUXWWDPDQGPXVWEHVXQJLQDPHORGSDБFDOOHGPXWLUQWDNXЩLsup3FLZLWKDWLPHVLJQDWXUHWAtildeЁDPFDOOHGOtildeЅRWWXEHIRUHDGGLQJWKDWWKHPRGHUQHTXLYDOHQWVIRUWKHVHODVWWZRDUHWKHUDJDNDPAtildeVDQGWKHWLPHVLJQDWXUHAtildeWLWAtildeЁDP7KHSURYLGLQJRIPHWULFDOLQIRUPDWLRQKRZHYHULVQRWSUHVHQWLQDOOHGLWLRQVDQGWKHIRXUYROXPHHGLWLRQSXEOLVKHGLQDQGE65DMDPDOLDV0XUUD5DMDPKHQFHIRUWK1$73VWDWHVRQOWKDWWKHPHORGDQGWKHWLPHVLJQDWXUHDUHUHVSHFWLYHOPXWLUQWDNXЩLsup3FLDQGOtildeЅRWWXHHYHQQGDPRGHUQHGLWLRQFXUUHQWODYDLODEOHDQGSXEOLVKHGEWKHAcircѺYAtildeUNDѶAcircYX0DLDPKHQFHIRUWK1$73LQZKLFKPHWULFDODQGPXVLFDOLQIRUPDWLRQDUHWRWDOODEVHQWDOWKRXJKWZRRWKHUFXUUHQWODYDLODEOHHGLWLRQV1$73SXEOLVKHGE)amp2DQG1$73SXEOLVKHGE0XOODL1LODLDPSURYLGHXVZLWKVWLOORWKHUFRQJXUDWLRQVDVVHHQLQWKHIROORZLQJFKDUWZKLFKVXPPDULVHVZKDWKDVEHHQVDLG

ampKDUW$IHZHGLWLRQVRIWKH1$731AtildeOAtildeLUDW7LYYLDSSLUDSDQWDP

1AtildeOAtildeLUDW7LYYDSSLUDSDQWDPHGLWLRQV

PHWUH SDБPHORG

WAtildeЁDPFODVVLFDO

UAtildeJD WAtildeЁDPPRGHUQHTXLYDOHQW

ORFDOQXPEHULQJ

JOREDOQXPEHULQJ

1$73

lt(6 lt(6 lt(6 lt(6 lt(6 lt(6 12

1$73ظ

12 lt(6 lt(6 12 12 lt(6 lt(6

1$73gt

lt(6 12 12 12 12 lt(6 lt(6

()(2PDQXVFULSW(2WKHVWDQ]DV790ܐܐWRܐܐDUHORFDWHGRQERWKVLGHVRIOHDI6DQ0DUJD7UXVW LPDJHMSJDQGDUHIROORZHGEDVKRUWGHVFULSWLRQܔظ2) ORFDWHGRQ OLQH RI OHDI YHUVR ZKLFK UHDGVܛܥ ܝܟܩᾁܢܣܨܢᾙܡܥಧܦܢܢᾞܭᾢܛSDБPXWLUQWDNXЩLsup3FLWAtildeЁDPOtildeЅRWWXᾐgtSAtildeNNDOLYLUXWWDPܢܬܦܫܢ7KHHGLWLRQ1$73GRHVQRWHYHQSURYLGHDORFDOQXPEHULQJVVWHPWKHVWDQ]DVRIWKHةKPQEHLQJRQOLGHQWLDEOHEDQRYHUDOOQXPEHURPIRUWKHUVWVWDQ]DWRIRUWKHHOHYHQWKVWDQ]DZKHUHDVWKHVWDQGDUGDQGPRVWUHOLDEOHPRGHRIUHIHUHQFHZRXOGEHWRQXPEHUWKHVWDQ]DVZLWKDOHYHOQXPEHULQJVVWHPRP790ܐܐWR790ܐܐVHHampKDUW$VIDUDVWKHUHOLDELOLWRIRYHUDOOQXPEHULQJVFKHPHVIRUWKH1$73LVFRQFHUQHGZHKDYHVHHQWKDWQRWZRHGLWLRQVRU(WH[WRPWKHH[DPLQHGFRLQFLGH1XPEHUVEHWZHHQVTXDUHEUDFNHWVDUHGDWHVRIUVWHGLWLRQ2WKHUQXPEHUVDUHGDWHVRIWKHةFRSXVHG


1$73gt

12 12 12 12 12 12 lt(6

1$73gt

lt(6 lt(6 lt(6 lt(6 lt(6 lt(6 lt(6

7900HWUHVLQWKH7LUXYAtildePRЅLܛVKDOOQRZSURYLGHWKHUHVXOWRIPH[DPLQDWLRQRIWKHPHWUHVLQWKH1$73VWDUWLQJZLWKWKH790DQGWKH370WRZKLFKDUHDGGHGWKH77DQGWKH717WUHDWHGVHSDUDWHOEHFDXVHHDFKRIWKHPUHSUHVHQWVDVRUWRIFULWLFDOPDVVZLWKZKLFKWKHFROOHFWLRQVRIVWDQ]DVFRQWDLQHGLQWKH0XWDOAtildeLUDP1$73FDQXVHIXOOEHFRPSDUHG$QGEHFDXVHWKHHGLWLRQVZKLFKZHUHDYDLODEOHWRPHVRPHWLPHVGLHUPFKDUWVZLOOUHSUHVHQWWKHPHWUHDWWULEXWLRQVDVJLYHQERQHRIWKHPQDPHO7ܐ1$73KHQLQHGLVWLQFWPHWUHVDUHHQXPHUDWHGLQGHFUHDVLQJRUGHURIHTXHQFWKRVHRFFXUULQJPRVWRHQEHLQJPHQWLRQHGUVW

ampKDUW0HWUHVLQWKH7LUXYAtildePRЅLgt790

)XOO1DPH $EEUHYLDWLRQ 6WDQ]DFRXQW 1$73RFDWLRQLQVLGH790

1$731$73RFDWLRQVWDUWLQJSRVLWLRQ

NDOLYLUXWWDP D9L ܐܐܐܒܒܒܕ54ܔܓܗܗܖܖܖܘܘܘܘܘܙܙܙܙܙ

3374

LH370DORQJZLWKقVHFRQGWKRXVDQGفUDБзAtildePAtildeLUDP7KLVFRUUHVSRQGVWRWKHHQVHPEOHة77DQG717KDGLQLWLDOOSODQQHGWRJLYHVVWHPDWLFDOOWKHYDULDQWRSLQLRQVZKLFKKDGVHHQLQRWKHUةHGLWLRQVEXWWLPHGLGQRWSHUPLWPHWRDFFRPSOLVKWKDWZLWKLQDUHDVRQDEOHSHULRG7KHPHWUHVSHFLHGLVDSSOLFDEOHWRVWDQ]DVVWDUWLQJRPWKDWSRVLWLRQH[FHSWLQWKHFDVHةRIIRUZKLFKWKHVSHFLFDWLRQفNDOLQLODLWWXЩDLقLVDSSOLFDEOHWRDJURXSRIVWDQ]DVDOLDV790قSHUXPSAtildeOXPYHБзDЁDLAtildeOYDQWDWXفDIRRWQRWHVSHFLHVܔRU790(ة


NDOLQLODLWWXЩDL D1L7X ܓܒܒ27ܐܕܔܔܓܓܖܕܕܕܕܙܘܗܖܖܙ

3075


$FL9LBF ܒܒܒܐܐܔܓܓܓܓܕܕܔܔܗܗܗܖܖܙܘܗ

ܖ

WDUDYXNRFFDNDNNDOLSSAtilde

7DRD ܒܐܘܓܓ


$FL9LBF ܗܗܖܕܒܘ


$FL9LBF ܙܘܗܖܔ

AtildeFLULDWWXЩDL $FL7X ܖܕܔܔ

YDsup3FLWWXЩDL 9D7X ܙܐܐ

YDsup3FLYLUXWWDP 9D9L ܐ

VKDOOQRZSURYLGHVRPHLOOXVWUDWLRQت LQRUGHUWRH[SODLQYHUURXJKOZKDWWKRVHPHWULFDOFDWHJRULHVWHOOXVDERXWWKHSRHPFRQFHUQHG7KHPHWUHVPHQWLRQHGEWKHHGLWRURI1$73IRUWKHVWDQ]DVRI790IDOOXQGHUJURXSV

Dذذه JURXS RI UHJXODUف PHWUHق VWDQ]DV 9D7X 9D9L D9L D1L7X $FL9LBF$FL9LBF$FL9LBFZKLFKFRYHUVVWDQ]DV

$FL7XZKLFKFRQFHUQVVWDQ]DVVWDQ]DVقLUUHJXODUPHWUHفDJURXSRIذذه7DRDZKLFKFRQFHUQVVWDQ]DVVWDQ]DVقDUFKDLFPHWUHفDJURXSRIذذهEHFDXVHDPRQJWKHQLQHPHWUHVWDUDYXNRFFDNDNقDUFKDLFفFDOOWKHODVWJURXSتNDOLSSAtildeLVWKHRQORQHPHQWLRQHGEWKH7RONAtildeSSLDPDQGLWVFRPPHQWDWRUV7KH

LQ7RONAtildeSSLDPقRWWAtildeЅLFDLNNDOLNDOLYHБSAtildeззOtildeNRFFDNDPXЩDЅRзXNDOLQAtildeOYDNDLWWOtildeف9HUVH73Lة


RWKHUHLJKWWSHVEHORQJWRLзDLNNAtildeODAtildeSSXفPHGLHYDOPHWULFVقDQGDUHPHQWLRQHGRQOEWUHDWLVHVVXFKDVltAtildeSSDUXЏNDODPlt$ltAtildeSSDUXЏNDODNAtildeULNDLltDQGEFRPPHQWDULHVVXFKDVlt9ltAtildeSSDUXЏNDOD9LUXWWLVWDQ]DVقUHJXODUPHWUHفRQFHUQLQJWKHampت LIZKDWWKHHGLWRUVWHOOXVZKHQWKHDVVLJQWKHVHPHWULFDOODEHOVWRWKHVWDQ]DVFRUUHVSRQGVWRWKHWHUPLQRORJRIWKHlt$DQGWKHlt9ZHKDYHWRFRQFOXGHWKDWWKHVWDQ]DVDVVRFLDWHGZLWKUHVSHFWLYHOYDsup3FLWWXЩDL9D7XYDsup3FLYLUXWWDP9D9LNDOLYLUXWWDPD9LNDOLQLODLWWXЩDLD1L7XDЩXFiacuteUNNDЅLQHзLODзLAtildeFLULDYLUXWWDP$FL9LBFHЅXFiacuteUNNDЅLQHзLODзLAtildeFLULDYLUXWWDP$FL9LBFDQGHБFiacuteUNNDЅLQHзLODзLAtildeFLULDYLUXWWDP$FL9LBFDUHOLQHVWDQ]DVLQZKLFKWKHOLQHVDUHPDGHXSRIUHVSHFWLYHODQGFiacuteUVفPHWULFDOIRRWقQRWKHUZRUGVWKHGLVWULEXWLRQLQWKH790LVWKHIROORZLQJ

ampKDUWPHWUHVLQWKH7LUXYAtildePRЅLgt790قQHZف5HJXODUة

1XPEHURIPHWULFDOIHHWFiacuteUSHUOLQH

FiacuteUV9D7X

FiacuteUV9D9L

FiacuteUVD9L

FiacuteUVD1L7X

FiacuteUV$FL9LBF

FiacuteUV$FL9LBF

FiacuteUV$FL9LBF

1XPEHURIVWDQ]DVLQ790

7KHVWDQ]DVZLWKWKHVKRUWHVWOLQHVVKRXOGEHIRXQGDPRQJWKRVHODEHOOHGDVYDsup3FLWتWXЩDL9D7XDQGLQGHHGLIZHH[DPLQHIRULQVWDQFH790ܐZKLFKLVQXPEHUHGRPWRLQ1$73ZHQGVKRUWVWDQ]DVWKHUVWRQH790ܗܐEHLQJ

ďзXPSXЁЁOtildeЩLة(4)FĭзXQWDБзXЅAtildeQiacuteзXQLГЩDYDLAtildeзXPDPPAtildeГOtilde7902ltܗܐYHUDOOQXPEHULQJ

7KLVFRXOGEHFRPSDUHGZLWKDVDPSOHRPHDFKJURXSEXWLWLVSUREDEOVXتFLHQW DW WKLV VWDJH WR JLYH D VDPSOH RI NDOL QLODLW WXЩDL DQG D VDPSOH RI HБFiacuteUNNDЅLQHзLODзLAtildeFLULDYLUXWWDPDVLQWKHWZRIROORZLQJVWDQ]DV

SDWWXзDLDзLDYDUNNHЁLDYDГSLЩDUNDЁXNNDULDة(5)YLWWDNDГPDODUPDNDЁYLUXPSXPQDPDUXPSHЩDODзLNDЁPDWWXЩXNDзDLYHББHNDЁDYLГLOXUDYLзDLAtildeSSXБзHWWLЩDPXUDOLГďзLБDLQWLUXQWOtildeЏNLDYHЁLYOtilde7902ltܒܐYHUDOOQXPEHULQJ

3RUXЁDWLNAtildeUDPVHH9D8ampLWDPSDUDP3LѶѶDLHGLWLRQVDVWKDWWKHUHH[LVWWSHVRIDOLPHWUHWKHUGRQHEHLQJNRFFDNDNNDOL


YHЁЁDLFFXULFDЏNRзAtildeЅLOtildeQWLWAtildePDUDLNNDББDГHГГHsup3FLГĭзOtildeة(6)SXЁЁDLNNDзAtildeNLГЩDYAtildeЩЩDLNNAtildeБiacuteUHГFROOLFFROOXNOtildeГDГГDLPiacuteUNAtildeЁYHЁЁDFFXNDPDYDГYiacuteЩЩLUXQWDYOtildeWDROLXPYLЅAtildeROLXPSLЁЁDLNNXЅAtildeYLЁDLAtildeззXROLXPDЩAtildeWLUXSSOtildeUHLOFOtildeUYDГQAtildeГOtilde790ܒܖ2YHUDOOQXPEHULQJltت

3700HWUHVLQWKH3HULDWLUXPRЅLܜ

VKDOOQRZDVSUHYLRXVOPHQWLRQHGH[DPLQHWKHPHWUHVIRXQGLQ370WRZKLFKDUHDGGHG77DQG717DFFRUGLQJWRWKHSRLQWRIYLHZRIWKHHGLWRURI1$73ܐ7KHUHDUHRIWKHPSDUWOFRLQFLGLQJZLWKWKRVHIRXQGLQWKH790 $VLQWKHFDVHRIampKDUWOLVWWKHPLQGHVFHQGLQJRUGHURIHTXHQF

ampKDUW0HWUHVLQ37077DQG717ة

)XOO1DPH $EEUHYLDWLRQ 6WDQ]DFRXQW 1$73RFDWLRQLQVLGH37077RU717



$FL9LBF ܐܐܐܓܓܒܒܔܔܓܓܕܕܔܔܗܗܖܖܙܘܗܗTKTܚܙ

2032


$FL9LBF ܒܒܒܒܒܔܔܓܓܖܖܖܕܙܘܘܖTNTܚܙ

2052

7KHPHWUHVSHFLHGLVDSSOLFDEOHWRVWDQ]DVVWDUWLQJRPWKDWSRVLWLRQH[FHSWLQWKHFDVHةRIIRUZKLFKWKHVSHFLFDWLRQفHЅXFiacuteUNNDЅLQHзLODзLAtildeFLULDYLUXWWDPقLVDSSOLFDEOHWRDJURXSRIVWDQ]DVDOLDV370ܙLQWKHFDVHRIIRUZKLFKWKHVSHFLFDWLRQفDЩXFiacuteUNNDЅLQHзLODзLAtildeFLULDYLUXWWDPقLVDSSOLFDEOHWRDJURXSRIVWDQ]DVDOLDV7LUXNNXЩXQWAtildeБзDNDPgt77LQWKHFDVHRIIRUZKLFKWKHVSHFLFDWLRQفHБFiacuteUNNDЅLQHзLODзLAtildeFLULDYLUXWWDPقLVDSSOLFDEOHWRDJURXSRIVWDQ]DVDOLDV7LUXQHзXQWAtildeБзDNDPgt717


NDOLQLODLWWXЩDL D1L7X ܒܐܐܕܕܕܔܘܖܖܕܚܘܘ

(ЅXFiacuteUNNDЅLQHзLODзLAtildeFLULDYLUXWWDP

$FL9LBF ܐܐܐܐܓܘܘܔܓܙ107

1908


7DRD ܕ41ܒ82ܕܗܗܚܘܗܗܚܚ

12481658

NDOLYLUXWWDP D9L ܔܔܓܐܙܗܖܖܚܚܙ

AtildeFLULDWWXЩDL $FL7X ܘܒ

YDsup3FLYLUXWWDP 9D9L ܕ

YHБзXЩDL 9H7X ܙ

NDOLWWAtildeЅLFDL D7D ܙ

VLQWKHFDVHRI790WKHPHWUHVPHQWLRQHGEWKHHGLWRURI1$73IRU$تWKH VWDQ]DVRI WKHJURXSFRQVWLWXWHGRI37077DQG717IDOOXQGHUJURXSV9D9LD9LD1L7X$FL9LBF$FL9LBFVWDQ]DVقUHJXODUPHWUHفDJURXSRIذذه$FL9LBFZKLFKFRYHUVVWDQ]DV

$FL7XD7D9H7XZKLFKFRQFHUQVVWDQ]DVقLUUHJXODUPHWUHفDJURXSRIذذهVWDQ]DV

7DRDZKLFKFRQFHUQVVWDQ]DVVWDQ]DVقDUFKDLFPHWUHفDJURXSRIذذه

LQVWHDGRIWDUDYXDVVLPSOEHLQJNRFFDNDNNDOLSSAtildeܓ73PHQWLRQVWKHPHWUHLQ370$1ةNRFFDNDNNDOLSSAtildeDVPHQWLRQHGLQ1$73قYHБзDЁDLAtildeOYDQWDWDUDYXNRFFDNDNNDOLSSAtildeف73VSHFLHV$1ة


VWDQ]DVLQWHUPVRIOHQJWKLVDVIROORZVقUHJXODUPHWUHف7KHGLVWULEXWLRQRIWKHت

ampKDUW5HJXODUPHWUHVLQ37077DQG717ة


FiacuteUV9D7X

FiacuteUV9D9L

FiacuteUVD9L

FiacuteUVD1L7X

FiacuteUV$FL9LBF

FiacuteUV$FL9LBF

FiacuteUV$FL9LBF


2QHQRWLFHVZKHQFRPSDULQJWKLVGDWDZLWKWKDWVHHQت LQWKH790DVKLWRZDUGVORQJPHWUHVWVKRXOGDOVREHDGGHGWKDWDOWKRXJKWKHQDPHVXVHGIRUWKHPHWUHVDUHWKHVDPHWKHUHPLJKWH[LVWDGLHUHQFHLQQDWXUHEHWZHHQWKHقUHJXODUف790DQGWKH370EHFDXVHWKHODWWHUUHSUHVHQWVDPRUHFRQVWUDLQHGWSHRIPHWUHJRYHUQHGESUHFLVHSDWWHUQVFDOOHGFDQWDNNXЅLSSXEXWDQH[DFWGHVFULSWLRQRIWKHSKHQRPHQRQLVEHRQGWKHVFRSHRIWKLVDUWLFOH

0XWDOAtildeLUDPgt)LUVWWKUHHDXWKRUVقLUVW7KRXVDQG(ف0HWUHVLQWKHܝ

HVKDOOQRZOLVWWKHPHWUHVWKDWDUHVHHQLQWKHVWDQ]DVFRPSRVHGE3HULAtildeѺYAtildeUEAcircҬAtildeѶDQGEXODFOtildeNDUDAcircѺYAtildeU7KHDUHJLYHQLQWKHIROORZLQJFKDUWV

ampKDUW3HULAtildeѺYAtildeUة

)XOO1DPH $EEUHYLDWLRQ 6WDQ]DFRXQW RFDWLRQLQ1$73 6WDUWORFDWLRQLQ1$73


$F9LBamp 7LUXSSDOOAtildeБзX3HULAtildeЅYAtildeU7LUXPRЅLܒܐܔܓܓܓܒܔܔ

ܒ

0RUHSUHFLVHODZHLJKWHGVXPIRUampKDUWLQGLFDWHVDQDYHUDJHOHQJWKRIFiacuteUVSHUOLQHةZKHUHDVWKHVDPHFDOFXODWLRQIRUampKDUWJLYHVDQDYHUDJHOHQJWKRIFiacuteUVSHUOLQHIRUWKH7907KHFDQWDNNXЅLSSXFDQEHVHHQLQWKHHGLWLRQRIWKHHGLWLRQRIWKH370ZLWKFRPPHQةWDUE79RSDOHU)RULQVWDQFHKHJLYHVفWAtildeГDГDWAtildeГAtildeWDГГDГDWDГDГDГDWDГDГDГDWDГDГAtildeقDVWKHRQHVHHQLQ370ܐܐ



$F9LBamp 3HULAtildeЅYAtildeU7LUXPRЅLܒܒܒܐܔܓܓ

ܒ

NDOLWWAtildeЅLFDL DB7DD 3HULAtildeЅYAtildeU7LUXPRЅLܐܐܒ

ܖ

YHБзDЁDLAtildeOYDQWDNDOLWWAtildeЅLFDL

DB7DD97 3HULAtildeЅYAtildeU7LUXPRЅLܐظltܐظltܐظlt

ܗ


$F9LBamp 3HULAtildeЅYAtildeU7LUXPRЅLܓܓܒܒ

NDOLQLODLWWXЩDL D1L7X 3HULAtildeЅYAtildeU7LUXPRЅLܒܓܓܒܐ

ܘ

NDOLYLUXWWDP D9L 3HULAtildeЅYAtildeU7LUXPRЅLܙܒܐ

ܡ


7DRD 3HULAtildeЅYAtildeU7LUXPRЅLODVWܐODVWܐODVWܐODVWܐܐODVWODVWODVWODVWODVWܒODVWDOOܓ

WDOLWWXЩDL D7X 3HULAtildeЅYAtildeU7LUXPRЅLܓ

ܐ

NXЩDЁYHБFHQWXЩDL X9HampH 7LUXSSDOOAtildeБзXۼ

ampKDUWAcircҬAtildeѶة

)XOO1DPH $EEUHYLDWLRQ

6WDQ]DFRXQW RFDWLRQLQ1$73

6WDUWORFDWLRQLQ1$73


$F9LBamp 17ܝ ܖ


$F9LBamp 17ܔ ܔ


$F9LBamp 17ܛ ܠ

HззDзLQAtildeЩFiacuteURUXYLNDЩSDNNRFFDNDNNDOLSSAtilde

DF29RD

73 ܓ


NDOLQLODLWWXЩDL D1L7X 17ܙ ܖ

NDOLYLUXWWDP D9L 17ܕ ܕ

WDUDYXNRFFDNDNNDOLSSAtilde 7DRD 17ܚ ܖ

ampKDUWXODFOtildeNDUDAcircѺYAtildeUة

)XOO1DPH $EEUHYLDWLRQ 6WDQ]DFRXQW RFDWLRQLQ1$73

6WDUWORFDWLRQLQ1$73


$F9LBamp


$F9LBamp


$F9LBamp ܙ ܐ

NDOLYLUXWWDP D9L

WDUDYXNRFFDNDNNDOLSSAtilde 7DRD ܗ ܢ

0XWDOAtildeLUDPgt2YHUDOOVWDWLVWLFVقLUVW7KRXVDQG(ف0HWUHVLQWKHܞ

7KHUVWVHWRIVWDWLVWLFVJLYHQKHUHZLOOFRQFHUQWKDWSDUWRIWKH73ZKLFKLVFDOOHG0XWDOAtildeLUDPWFRQWDLQVVWDQ]DVLQERWK1$73DQG1$73ZKLFKDUHDWWULEXWHGWRVHYHQSRHWVDQGLQZKLFKWKLUWHHQRUSRVVLEOIRXUWHHQGLHUHQWPHWUHVDUHUHSUHVHQWHG7KHPHWUHVDUHDFFRUGLQJWR1$73

ampKDUW0HWUHVLQWKHف)LUVW7KRXVDQGق

1XPEHURIVWDQ]DV 1DPHRIPHWUH 1XPEHURISRHWV

D AtildeFLULDYLUXWWDPDЩXFiacuteU SRHWV$amp(

E AtildeFLULDYLUXWWDPHЅXFiacuteU SRHWV$amp(

E AtildeFLULDYLUXWWDPHЅXFiacuteUamp$17$95877$0

SRHW

F AtildeFLULDYLUXWWDPHБFiacuteU SRHWV$amp

PHQWLRQWKLVKHVLWDWLRQKHUHLQDQWLFLSDWLRQRIDSRVVLEOHIXWXUHGLVFXVVLRQFRQFHUQLQJWKHةGLHUHQFHWREHPDGHEHWZHHQYLUXWWDPDQGFDQWDYLUXWWDP


G NDOLWWAtildeЅLFDL SRHW$

G YHБзDЁDLNNDOLWWAtildeЅLFDLOLQHV SRHW$

H NDOLYLUXWWDP SRHWV$amp)

H FDQWDNNDOLYLUXWWDP SRHW$

I WDUDYXNRFFDNDNNDOLSSAtilde SRHWV$amp

J NDOLQLODLWWXЩDL SRHWV$

J NDOLWWXЩDL SRHW$

K HззDзLQAtildeЩFiacuteURUXYLNDЩSDNNRFFDNDNNDOLSSAtildeOLQHV

SRHW

K AtildeFLULDWWXЩDL SRHW)

L NXЩDЁYHБFHQWXЩDL SRHW$

VWDQ]DV 727$ SRHWV$amp()

QGWKHSRHWVDUH$ت

ampKDUWقLUVW7KRXVDQG(ف3RHWVLQWKHة

3RHW 1XPEHURIVWDQ]DV 1XPEHURIPHWUHVUHSUHVHQWHG

$ 3HULAtildeѺYAtildeU ^DEFGGHHIJJL`

AcircҬAtildeѶ ^DEFHGJK`

amp XODFOtildeNDUDAcircѺYAtildeU ^DEFHI `

7LUXPDѺLFDLAcircѺYAtildeU ^F`

( 7RҬDUDҬLSSRҬL ^DE`

) 7LUXSSAtildeAcircѺYAtildeU ^HK`

0DWXUDNDYLAcircѺYAtildeU ^H`

727$ GLVWLQFWPHWUHV

0AtildeLNNDYAtildeFDNDU0HWUHVLQWKH(LJKWK7LUXPXЩDLܟ

HKDYHQRZQLVKHGH[DPLQLQJWKHPHWUHVLQWKH1$73DQGEHIRUHWULQJWRJLYHWKHELUGHHؾVYLHZRI7DPLOKDNWLOLWHUDWXUHZKLFKZDVDQQRXQFHGDWWKHEHJLQQLQJZHVWLOOKDYHRQHPDMRUDXWKRUEHORQJLQJWRWKHĜDLYDSDUWRIWKHFRUSXVWRH[DPLQH7KHQDPHJLYHQWRKLPEWUDGLWLRQDVDXWKRULV0AtildeLNNDYAtildeFDNDUDQGWKHWZR


PDLQFRPSRQHQWVRIKLVZRUNDUH(A)WKH7LUXYAtildeFDNDPZKLFKLVFRQVLGHUHGDVDFROOHFWLRQRIGLVWLQFWFRPSRVLWLRQVRQHRIWKHPWKH7LUXFFDWDNDPEHLQJDPHWULFDOOKHWHURJHQHRXVDQWAtildeWLVHH6HFWLRQDQG(B)WKH7LUXNNďYDLAtildeUDOUHDGPHQWLRQHGDOVRLQ6HFWLRQZKLFKLVDVLQJOHKRPRJHQHRXVFRPSRVLWLRQFRPSULVLQJVWDQ]DV LQNDззDЁDLNNDOLW WXЩDLPHWUHEXWGRHVQRWXQOLNH1DPPAtildeѺYAtildeUؾV7LUXYLUXWWDPPDNHXVHRIWKHDQWAtildeWLIHDWXUH)URPDGHVFULSWLYHSRLQWRIYLHZWKHFDVHRIWKH7LUXNNďYDLAtildeUZKLFKVKDOOEHUHIHUUHGWRKHUHDV370 LVPXFKVLPSOHUWKDQWKDWRIWKH7LUXYAtildeFDNDPZKLFKZHVKDOOFRQVLGHUDVFRQVLVWLQJRIVXEVHWVQXPEHUHGRP370$WR370$DOORIWKHPEHLQJPHWULFDOOKRPRJHQHRXVH[FHSW370$ZKLFKPXVWEHGLYLGHGLQWRWHQPHWULFDOOKRPRJHQHRXVVXEVHWVQXPEHUHGRP370$ܔWR370$ܔZKLFKEULQJVWKHFRXQWRIPHWULFDOOKRPRJHQHRXVSDUWVLQWKH7LUXYAtildeFDNDPWRVL[W)LQDOODPRQJWKRVHVL[WVXEVHWVZHPXVWGLVWLQJXLVKEHWZHHQয়VL[ZKLFKDUHVWDQ]DLFDQGIRXUZKLFKDUHQRQVWDQ]DLFDQGPDNHXVHRIWKHROGAtildeFLULDPDQGNDOLYHБSAtildePHWUHV7KRVHQRQVWDQ]DLFIRXUWRWDOLQJOLQHVDUHQDPHG

370$FRQWDLQLQJLYDSXUAtildeБDPampOLQHVLQNDOLYHБSAtildePHWUH370$FRQWDLQLQJOLQHViacuteUWWLWWLUXYDNDYDO LQQLODLPDБзLODAtildeFLULDSSAtildePHWUH

370$FRQWDLQLQJOLQHV7LUXYDБзDSSDNXWL LQ LБDLNNXЩDЁAtildeFLULDSSAtildePHWUH

FRQWDLQLQJOLQHVܐ3703ďЩЩLWWLUXYDNDYDO LQQLODLPDБзLODAtildeFLULDSSAtildePHWUH

VIRUWKHVWDQ]DLFয়VL[FRPSRQHQWVWKHFRQWDLQDOOLQDOOVWDQ]DVDQG$تWKHLUFKDUDFWHULVDWLRQVDUHJLYHQLQWKHIROORZLQJFKDUWEGHFUHDVLQJHTXHQFLHV

ampKDUW0HWUHVXVHGة LQWKHVWDQ]DLFFRPSRQHQWVRI7LUXYAtildeFDNDP 370$DQG LQWKH7LUXNNďYDLAtildeU370

0HWULFDOVSHFLFDWLRQ

VWDQ]DV JURXSV 5DQN 2FFXUUHQFHVWKHQXPHULFDOUHIHUHQFHVZKLFKIROORZWKHGHVLJQDWLRQVPXVWEHSUH[HGEق$370ف


7LUXFFDWDNDPܔܔܔ7LUXSSRЩFXББDPXLЩSDWWXďLГPĭWWDWLUXSSDWLNDPAcircFDLSSDWWX$WLFDDSSDWWX3LUAtildeUWWDГDLSSDWWXXЅDLWWDSDWWX$FFDSSDWWX$ЩSXWDSSDWWX7LUXYAtildeUWWDL(ББDSSDWLNDPltAtildeWWLUDLSSDWWXAcircГDQWDPAtildeODL

RUDOOWKHVHFWLRQVRI7LUXYAtildeFDNDPPHWULFDOFKDUDFWHULVDWLRQVDUHJLYHQDHU8(ة 3RSH


QAtildeODзLWWDUDYXNRFFDNDNNDOLSSAtilde

7LUXFFDWDNDP7ܔLUXNNďWWXPSL7LUXWWHЁЁOtildeБDP7LUXFFAtildeЅDO7LUXSSĭYDOOLgt1313RUVWDQ]DV7LUXWWďБďNNDPDБзDSDWWX7LUXYOtildeFDЩDYX7LUXSSXODPSDOXOAtildeSSDWWX


7LUXFFDWDNDPܔďLЩЩLUXSSDWLNDP3XБDUFFLSSDWWX9AtildeЅAtildeSSDWWX$UXзSDWWX7LUXNNDЅXNNXГЩDSSDWLNDP3LзLWWDSDWWXampHГГLSSDWWX

NDззDЁDLNNDOLWWXЩDL 7LUXFFDWDNDP1ܔiacuteWWDOYLББDSSDP7LUXSSAtildeБзLSSDWLNDPWRZKLFKDUHDGGHGWKHVWDQ]DVLQ7LUXNNďYDLAtildeU

NDOLYLUXWWDP 7LUXFFDWDNDPܔ$ГГDLSSDWWX8LUXББLSSDWWX7LUXSSDзDLHЅXFFL$FFďSSDWLNDPgt1313VWDQ]DV


7LUXFFDWDNDP7ܔLUXFFDWDNDPܔ7LUXSSDЁЁLHЅXFFLampHWWLOAtildeSSDWWX

AtildeЩDзLWWDUDYXNRFFDNDNNDOLSSAtilde

7LUX$PPAtildeГDL7LUXSSRГГĭFDO

QOtildeULFDLYHБSAtilde 7LUXWWDFAtildeЏNDP7LUXYHБSAtilde3DБзAtildeDQAtildeГPDЩDL

YHБзDЁDLAtildeГYDQWDLDЩЩDUDYLБDLNNRFFDNDNNDOLSSAtilde

7LUXYHPSAtildeYDL

NDOLWWAtildeЅLFDL 7LUXYXQWLAtildeUgt1313VWDQ]DV

NDODYDLSSAtildeззX $зDLNNDODSSDWWX

NDOLQLODLWWXЩDL 7LUXFFDWDNDPܔ

SDГГLUXFiacuteUYLUXWWDP 7LUXSSDзDLAtildeзFL

727$


QWKHWLFYLHZRIDOOWKHVWDQ]DLFPHWUHVHQXPHUDWHG6ܠ

VKDOOQRZWUWRSURYLGHWKHUHDGHUZLWKDQRYHUDOOYLHZRIDOOWKHGDWDFRYHUHGVRIDUEHIRUHDWWHPSWLQJWRGUDZDIHZFRQFOXVLRQVLQWKHQDOVHFWLRQ7KHQLQHFKDUWVUHH[DPLQHGDUH

KDUWampذذه ampDPSDQWDU gt370 WR 370 KPQV VWDQ]DV DQGOLQHV

KDUWampذذه$SSDUgt370WR370KPQVRUVWDQ]DVKDUWampذذهampXQWDUDUgt370KPQVRUVWDQ]DV1KDUWampذذهDPPAtildeѺYAtildeUgt1$731$73VWDQ]DVLFDLSSAtildeVWDQ]DVLDЩSAtildegtDQGOLQHVLDЩSAtilde

7KDUWampذذهLUXPDNDLAcircѺYAtildeUgt1$731$73VWDQ]DVLFDLSSAtildegtDQGOLQHVLDЩSAtilde

KDUWampذذه3HULAtildeѺYAtildeUgt1$73VWDQ]DVKDUWampذذهAcircҬAtildeѶgt1$73VWDQ]DVKDUWampذذهXODFOtildeNDUDAcircѺYAtildeUgt1$73VWDQ]DV0KDUWampذذهAtildeLNNDYAtildeFDNDUgt370$VWDQ]DVgtDQGOLQHV

QLPSRUWDQWFRQVLGHUDWLRQLVWKDWVLQFHWKHGDWDSURYLGHGLQWKRVHQLQHFKDUWVLV$تEDVHGRQWKHXVDJHRIVHYHUDOHGLWRUVLWLVQRWKRPRJHQHRXV6RPHHGLWRUVXVHORQJDQDOWLFDOGHVLJQDWLRQVZKLOHRWKHUHGLWRUVXVHVKRUWHUGHVLJQDWLRQV)RUWKDWUHDVRQWKHSUHOLPLQDUOLVWRIGHVLJQDWLRQVZKLFKZHFDQFRPSLOHRQWKHEDVLVRIWKRVHQLQHFKDUWVZLOOEHORQJHUWKDQWKHQXPEHURIFDWHJRULHVDFWXDOOWREHGLVWLQJXLVKHGWKHFXUUHQWFKDUWGLVWLQJXLVKHVEHWZHHQWZHQWVHYHQFDWHJRULHVEXWVRPHRIWKHGLVWLQFWLRQVDUHVLPSOفSURYLVLRQDO2قQWKHRWKHUKDQGVRPHFDWHJRULHVPDDSSHDUDVFRYHULQJVHYHUDOVXEFDWHJRULHVZKLFKVKRXOGLQIDFWEHGLVWLQJXLVKHGVKDOOUVWLQFOXGHLQWKHIROORZLQJFXPXODWLYHJHQHUDOFKDUWWKRVHPHWUHVZKLFKDUHWKHPRVWHTXHQWDQGZKLFKKDYHEHHQXVHGEDOORUPRVWRIWKRVHQLQHDXWKRUVWKHLUQDPHVZLOOEHDEEUHYLDWHGWRWKUHHOHWWHUVLQWKHFKDUWWLVWREHQRWHGWKDWWKHJXUHVLQFROXPQVWRUHIHUWRWKHQXPEHURIKPQVFRQFHUQHGZKHUHDVWKHJXUHVLQWKHRWKHUFROXPQVUHIHUWRWKHQXPEHUVRIVWDQ]DV

KDYHIRULQVWDQFHVWDWHGLQampKDUWIROORZLQJ79RSDOHUةWKDW7OtildeYAtildeUDPܐLVDSDWLNDPLOOXVWUDWLQJWKHNDOLYLUXWWDPPHWUHEXWWKHWUHDWLVHFDOOHG9LUXWWDSSAtildeYLDODQGFRPSRVHGE79LUDEDGUD0XGDOLDUgtظWHOOVXVRQSجWKDWWKLVLVDVSHFLDOWSHRINDOLYLUXWWDPZKLFKFDQEHPRUHSUHFLVHOGHVFULEHGDVFDQWDNNDOLYLUXWWDPEHFDXVHRILWVVXSHULRUIRUPRIUHJXODULWZKLFKLVDOVRFRPPHQWHGRQLQGHWDLOE79RSDOHUORFFLW7KLVDUWLFOHEHLQJORQJHQRXJKDOUHDGVKDOOQRWFRPPHQWIXUWKHU$QRWKHUODEHOZKLFKVKRXOGEHVLPLODUOLQYHVWLJDWHGLVWKHODEHOWLUXYLUAtildeNDPZKLFKLVIRXQGDSSOLHGWRVHYHUDOSDWLNDPVLQWKHHGLWLRQRIWKH7OtildeYAtildeUDPE79RSDOHUVHHWKHSDWLNDPVܐܐDQGܐRQSSظجLQWKHYROXPHRIWKH3)HGLWLRQ


ampKDUW1$73370RPSDULVRQEHWZHHQQLQHDXWKRUVampة

Metre amp$0(hymns)

$33K

amp81K

1$0(stanzas)

75VW

3(5VW

AcircҫVW

8VW

0AcircVW

ampKDUWQXPEHU

ampK ampK ampK ampK ampK ampK ampK ampK ampK

1XPEHURIPHWULFDOFDWHJRULHV

FDW

NDOLYLUXWWDP

KVW




SDГГLUXFiacuteUYLUXWWDP


100

NDOLWWXЩDL KVW

NDOLQLODLWWXЩDL

$337KHQLQHDXWKRUVDUHة$SSDUAcircҫAcircҬAtildeѶamp$0ampDPSDQWDUamp81ampXQWDUDU8XODFOtildeNDUDAcircѺYAtildeU0Acirc0AtildeLNNDYAtildeFDNDU1$01DPPAtildeѺYAtildeU3(53HULAtildeѺYAtildeU757LUXPDNDLAcircѺYAtildeUܗ6HHIRRWQRWHةܗ6HHIRRWQRWHة


WDUDYXNRFFDNDP


30


YDsup3FLYLUXWWDP

YDsup3FLWWXЩDL

AtildeFLULDWWXЩDL

AtildeFLULDQOtildeUWWXЩDL

VW


YHБзXЩDL

YHБFHQWXЩDL

NXЩDЁYHБFHQWXЩDL

NDOLWWAtildeЅLFDL


YDsup3FLWWAtildeЅLFDL

QampKDUWVةDQGWKLVDSSHDUVDVفWDUDYXNNRFFDNDNNDOLSSAtildeقDQGLQampKDUWDVقQAtildeODзLWWDUDYXNRFFDNDNNDOLSSAtildeفLIWKH7LUXSSAtildeYDLQampKDUWDGHVLJQDWLRQZKLFKSUREDEOFRUUHVSRQGVWRWKHVDPHPHWUHةDQGWKH7LUXYHPSAtildeYDLGRXVHWKHVDPHPHWUHLVYHБзDЁDLAtildeГYDQWDLDЩЩDUDYLБDLNNRFFDNDNNDOLSSAtildeܗ6HHIRRWQRWHة


NXЩDззAtildeЅLFDL

NDODYDLSSAtildeззX

QAtildeODзLPOtildeOYDLSSX

iacuteUDзLPOtildeOYDLSSX


87

1RQVWDQ]DLFPHWUHVXVHG

AtildeFLULDPgtIQO

AtildeFLULDPampKDUWO

ampKDUWON

FDWVHFW

IHZREVHUYDWLRQVLQWKHJXLVHRIDFRQFOXVLRQRIWKHVXUYH$ܡ

DPQRZOHZLWKWKHWDVNRIVWDWLQJZKDWKDVEHHQDFFRPSOLVKHGLQWKLVSUHVHQWDWLRQFRQFHUQLQJWKHVXUYHRI7DPLOPHWUHVDQGZKDWUHPDLQVWREHGRQH7KHWUXWKLVWKDWZHDUHVWLOODWWKHEHJLQQLQJRIWKHHQTXLUKDWKDVEHHQSUHVHQWHGLQWKLVDUWLFOH LVVLPSOVWDWLVWLFVRIZKDWVRPHRIWKHHGLWRUVRIWKH370DQG1$73KDYHVWDWHGFRQFHUQLQJWKHLUPHWUHV$QGDOWKRXJKKDYHWULHGLQDIHZFDVHVWRH[SODLQZKDWWKRVHVWDWHPHQWVPHDQIRULQVWDQFHEVKRZLQJDVLQampKDUWZKDWGLVWLQJXLVKHVNDззDЁDLNNDOLWWXЩDLDQGQOtildeULFDLYHБSAtildeRUEPDNLQJLQ6HFWLRQDSUHOLPLQDUFODVVLFDWLRQRIWKHYDULRXVPHWUHVXVHGLQWKH790KDYHFHUWDLQOQRW H[SODLQHG FOHDUOZKDW DOO WKH WZHQWVHYHQGLVWLQFWSUHOLPLQDU FDWHJRULHVHQXPHUDWHGLQampKDUWDUH7KLVLVVRPHWKLQJZKLFKDPXQGHUWDNLQJLQDGGLWLRQDOVWXGLHVZKLFKDUHSDUWRIWKHVDPHVHULHVRI6فWXGLHVLQ7DPLO0HWULFVق$OVRDVKRSHWRKDYHVKRZQDWWKHHQGRI6HFWLRQZKHQGLVFXVVLQJWKHFDVHRIWKH7amp9XVLQJWKHVDPSOHJLYHQLQۼDQGZHPXVWRHQEHFDUHIXOZKHQXVLQJWKHFDWHJRULHVJLYHQEH[SHUWV LQPHWULFV7KHPXVWEHVHHQIRUZKDWWKHDUH LHDWWHPSWVDWEULQJLQJRUGHUWRZKDWDSSHDUVDVSDUWOFKDRWLFZKHQVHHQRXWVLGHRILWVSURSHUFRQWH[WZKLFKLVKRZHYHUIRUWKHPRVWSDUWEHRQGRXUUHDFK7KHUHLVLQGHHGDJUHDWGHDORIYDULDWLRQDQGHYHQKHVLWDWLRQLQWKHWHUPLQRORJLFDOXVDJHDVLOOXVWUDWHGIRULQVWDQFHEWKHFOXVWHURIWHFKQLFDOWHUPVZKLFKKDVLWVFHQWUHLQWKHEDVLFH[SUHVVLRQNDOLW WXЩDL7KDWFOXVWHUZDVUVWPHQWLRQHG LQ6HFWLRQVHH)LJXUH (DUOLHULQ6HFWLRQKDGPHQWLRQHG79 RSDOHUؾVVWDWHPHQWWKDW7OtildeYAtildeUDPLV LQNDOLQLODLW WXЩDL6OLJKWO ODWHU LQ6HFWLRQKDYHVWDWHGLQDIRRWQRWHWRampKDUWWKDWWKHWUDGLWLRQDOGHVLJQDWLRQIRUWKLUWIRXURI$SSDUؾVKPQVLV7فLUXYLUXWWDPقZKLOHVWDWLQJLQWKHFKDUWLWVHOIWKDWWKRVHKPQVDUHLQNDззDЁDLNNDOLW WXЩDL PHWUH 6XFK VWDWHPHQWV DUH SX]]OLQJ LI ZH UHPHPEHU WKDW WKHltAtildeSSDUXЏNDODPlt$DQGWKHltAtildeSSDUXЏNDODNAtildeULNDLltWZRRIWKHEDVLFPHWULFDO


WUHDWLVHVKDYHDVWKHFRUHRIWKHLUFODVVLFDWLRQVVWHPDGLFKRWRPEHWZHHQWKHWKHHOHPHQWVRIWKHODWWHUJURXSEHLQJقWZHOYHSAtildeYLГDPVفDQGWKHقIRXUSAtildeVفQDPHGEFRPELQLQJLQHYHUSRVVLEOHZDWKHWKUHHHOHPHQWVفWAtildeЅLFDLفقWXЩDLقDQGZLWKIRXUSUH[HGHOHPHQWVZKLFKHFKRWKHQDPHVRIWKHIRXUSAtildeVقYLUXWWDPفYHБSAtildeAtildeFLULDSSAtildeNDOLSSAtildeDQGYDsup3FLSSAtilde7KHWZHOYHFRPELQDWLRQVWKXVREWDLQHGDUHSUHVHQWHGLQWKHIROORZLQJFKDUWZKHUHKDYHSXWEHWZHHQEUDFNHWVWKHWKUHHFRPELQDWLRQVZKLFKGRQRWDSSHDULQampKDUWDQGZKHUHWKHUHIHUHQFHVLQGLFDWHWKHlt$YHUVHLQZKLFKDVSHFLFSAtildeYLГDPLVFKDUDFWHULVHG

ampKDUW$gtDVGHQHGLQltAtildeSSDUXЏNDODPقDX[LOLDUPHWUHVف7KHWZHOYHSAtildeYLГDPVة

YHБзAtildeЅLFDLgtlt$

AtildeFLULDWWAtildeЅLFDLgtlt$

NDOLWWAtildeЅLFDLgtlt$

YDsup3FLWWAtildeЅLFDLgtlt$

YHБзXЩDLgtlt$

AtildeFLULDWWXЩDLgtlt$

NDOLWWXЩDLlt$

YDsup3FLWWXЩDLgtlt$

YHЁLYLUXWWDPgtlt$

AtildeFLULDYLUXWWDPgtlt$

NDOLYLUXWWDPgtlt$

YDsup3FLYLUXWWDPgtlt$

VHHQقUHJXODUPHWUHVفKDYHDOUHDGLQGLFDWHGLQ6HFWLRQZKLOHGLVFXVVLQJWKHتLQWKH790WKHXVHZKLFKLVPDGHRIYHRIWKRVHWHUPVRQHRIWKHPAtildeFLULDYLUXWWDPEHLQJIXUWKHUVXEGLYLGHGLQWRWKUHHDFFRUGLQJWRWKHQXPEHURIFiacuteUVVHHampKDUWLQRUGHUWRKDYHGLVWLQFWGHVLJQDWLRQVIRUVHYHQGLHUHQWOHQJWKVRIOLQH7KDWVRPHRIWKHPKDYHWĭЩDL LQWKHLUQDPHZKLOHRWKHUVKDYHYLUXWWDPVHHPVUDWKHUDUELWUDUWPLJKWLQGLFDWHWKDWDWVRPHVWDJHDQDPLQJFRQYHQWLRQZKLFKKDGLWVRZQORJLFZDVLQJRRGIDLWKفPLVXVHGقDQGWKDWH[LVWLQJGHVLJQDWLRQVZHUHUHLQWHUSUHWHGLQDGLHUHQWZD$PRQJWKHWKUHHWHUPVWAtildeЅLFDLWXЩDLDQGYLUXWWDPRQOWKHUVWWZRDUHVHHQLQWKH7RONAtildeSSLDP7KHWHUPWAtildeЅLFDLLVXVHGWRUHIHUWRVRPHFRPSRQHQWVLQWKHRWWAtildeЅLFDLNNDOLVHH6HFWLRQDQGWKRVHPDKDYHLQLWLDOOEHHQSHUFHLYHGDVVPDOOVRQJOLNHFRPSRQHQWVHPEHGGHGLQDSRHPZLWKFRPSOH[VWUXFWXUH$VIRUWXЩDL LWKDVDQXPEHURIXVHV LQWKH7RONAtildeSSLDPEXWWKHRQHZKLFKFRPHVFORVHVWWRWKHODWHUXVDJHVZKLFKZHGLVFXVVKHUHPLJKWEHVHHQLQWKHH[SUHVVLRQFHQWXЩDLZKLFKDSSHDUVLQRQHVĭWUD73LRIWKHSAtildeзAtildeБVHFWLRQRIWKH3XЩDWWLБDLLDODQGZKLFKVHHPVWREHORQJWRWKHYRFDEXODURILFDLWWDPLЅفPXVLFDO7DPLOقI WAtildeЅLFDLDQG WXЩDLDUHWHUPVRULJLQDOOEHORQJLQJWRWKHYRFDEXODURI

6HHة ѶDPSĭUDDUؾV H[SODQDWLRQVRQ73L DQG VHH WKHXVDJHRI FHQWXЩDL DQG YHБзXЩDL LQ$ҬLAtildeUNNXQDOOAtildeUؾVFRPPHQWDURQampLODSSDWLNAtildeUDP6HHDOVR36 6XEUDPDQD6DVWULؾVWUDQVODWLRQSRIWKDWYHUVHZKLFKKHQXPEHUV73


PXVLFRORJZKLFKZHUHERUURZHGEPHWULFDOH[SHUWVWKDWH[SODLQVZKDQXPEHURIGHVLJQDWLRQVGRQRWVHHPUHDOOWRWLQWRDORJLFDOVVWHP7KHUVWRFFXUUHQFHRIWKHZRUGYLUXWWDPVHHPVWREHIRXQGLQampDPSDQWDUؾV7OtildeYAtildeUDPLQDUHIHUHQFHWRVWRULHVVRQJVFDOOHGNLЁLYLUXWWDPفYLUXWWDPRIWKHSDUURWقDQGHOLYLUXWWDPفYLUXWWDPRIWKHUDWقDQGampDPSDQWDUDFFXVHVWKH-DLQVRIXVLQJWKHPIRUVHGXFLQJFUHGXORXVSHRSOHWLVSUREDEOHWKDWampDPSDQWDUGLGQRWVXVSHFWWKDWKLVRZQFRPSRVLWLRQVZRXOGFRPHWREHFDWHJRULVHGDQGQDPHGEDYDULHWRIWHUPVKDYLQJYLUXWWDPDVDFRPSRQHQWampRPLQJEDFNWRWKHFOXVWHURIWHUPVWKDWLVFHQWHUHGRQNDOLWWXЩDLZHFDQVHH LQlt$WKDWWKHGHQLWLRQJLYHQIRUNDOLW WXЩDL LVH[WUHPHO LPSUHFLVHEHFDXVHWKHYHUVHVLPSOVDV

QHзLODзLQAtildeГNAtildeQLNDЅYDWXNDOLWWXЩDLةۿ$gtقWKDWZKLFKRFFFXUVDVIRXUORQJOLQHVLVgtFDOOHGNDOLWWXЩDLف

KLOHH[SODLQLQJDQGLOOXVWUDWLQJWKLVVWDWHPHQWWKHFRPPHQWDWRUKRZHYHUتLQWURGXFHVDGLVWLQFWLRQEHWZHHQWZRYDULHWLHVDPDUJLQDORQHZKLFKKHFDOOVNDOLPDБзLODW WXЩDL LQZKLFKWKHOLQHVPDXQGHUJRDSHUPXWDWLRQZLWKRXWFRQVHTXHQFHVWRWKHPHDQLQJEHFDXVHHDFKOLQHLVDFRPSOHWHVHQWHQFHDQGZKDWORRNVOLNHWKHPDLQYDULHWZKLFKKHFDOOVNDOLQLODLWWXЩDLLQZKLFKWKHRUGHURIOLQHVLV[HG+RZHYHUVWUDQJHOLIZHORRNIRUDGHQLWLRQRINDззDЁDLNNDOLWWXЩDLLQlt9ZHZRQؾWQGRQHDOWKRXJKlt9FRQWDLQVPDQYHUVHVFLWHGRPltZKLFKREHWKDWVSHFLFDWLRQDQGZKLFKDUHUHIHUUHGWRDVNAtildeULNDLVHPXVWJRWRWKHFRPPHQWDURIltLQRUGHUWRQGDFKDUDFWHULVDWLRQRIZKDWDNAtildeULNDLLVDQGZHVHHWKHUHWKHH[SUHVVLRQNDOLWWXЩDLLQWKDWFKDUDFWHULVDWLRQ7KHUHLVKRZHYHUVWLOOVFRSHIRUDGGLWLRQDOGLVDPELJXDWLRQHRUWVEHFDXVHWKH9iacuteUDFďЅLDPFRPPHQWDWRUQGVLWQHFHVVDUWRZDUQXVXQGHU9ampWKDWWZRYDULHWLHVRINDOLWWXЩDLPXVWEHGLVWLQJXLVKHGZKLFKDUHFDOOHGNďYDLNNDOLWWXЩDLDQGNAtildeSSLDNNDOLWWXЩDL6XPPLQJXSWKRVHH[SODQDWLRQVLWVHHPVWKDWZHFDQWHPSRUDULOFRQFOXGHWKDW

ZKDWذذه LVQRZDGDVUHIHUUHGWRDVNDззDЁDLNNDOLW WXЩDLKDVDOVREHHQUHIHUUHGWRKLVWRULFDOODVNďYDLNNDOLWWXЩDLDVNAtildeULNDLDQGDVWLUXYLUXWWDP

6HHLJLWDO7OtildeYAtildeUDPةNĭззLГBAtildeUNLЁLLГYLUXWWDPBXUDLWWDWXBďUBHOLLГWRЅLOSAtildeззXPHFROLSDNNDPOtildeFHOXPBHNNDUWDЏNDЁDLفEWKHSURXGDQGKDXJKWSHRSOHZKRPRYHEWKHVLGHRIJRRGSHRSOHDGGLQJWROLWHUDWXUHNLЁLYLUXWWDPDQGHOLYLUXWWDPPDNLQJSHRSOHEHOLHYHWKHPWREHWUXWKق7OtildeYAtildeUDPܘܒ6HHlt9ةSDQGVHH73$SLQ89OtildeampAtildePLQAtildeWDLAtildeUHGLWLRQج6HHSةgtDзLDзLWďЩXPDLsup3FiacuteUAtildeNLPXWDЩFiacuteUQAtildeГNXPYHБзDЁDLSSLЅDLAtildeNNDзDLRUXFiacuteUXPYLЁDЏNAtildeAtildeNLQOtildeUSDWLГAtildeЩOtildeQLUDLSDWLГOtildeЅHГЩďWLГDUNDOLWWXЩDLďUDзLNNHЅXWWOtildeamp9ةLГLNNDOLWWXЩDLDLNNďYDLNNDOLWWXЩDLBHГЩXPNAtildeSSLDNNDOLWWXЩDLBHГЩXPBLUDБзAtildeNNXYAtildeUHГDNNRЁNDgtSLQ79RSDOHUHGLWLRQ


ZKDWLVQRZDGDVUHIHUUHGWRDVNDOLQLODLWWXЩDLKDVDOVREHHQUHIHUUHGWRKLVWRذذهULFDOODVNAtildeSSLDNNDOLWWXЩDLDQGYLUXWWDNNDOLWWXЩDL

QWKHOLJKWRIDOOWKLVت LWPXVWEHFOHDUWKDWSUHFLVHOXQGHUVWDQGLQJZKDWWKHJUDPPDULDQVH[SHUWV LQPHWULFVفWHOOقXV LVQRWDOZDVHDVW LVQRZRQGHUWKDWamp-HVFKLgtظZDVTXLWHSURXGWRKDYHGLVFRYHUHGZKDWWKHZRUGفYLUXWWDPقPHDQV+LVZRUNDQGWKHZRUNRI83RSHgtظDPRQJPDQRWKHUVZKRLPPHUVHGWKHPVHOYHV LQWKHVWXGRI7DPLO OLWHUDWXUHZHUHSUREDEOSDUWOUHVSRQVLEOHIRUQDWLYHVFKRODUVVXFKDVWKHLQXHQWLDODXWKRURIYLUXWWDS

RSDOHU79ةKLPVHOIXVHVWKUHHGLVWLQFWH[SUHVVLRQVNDззDЁDLNNDOLWWXЩDLNDOLWWXЩDLDQGNDOLQLODLWWXЩDLVHHampKDUW+HVHHPVWRPDNHXVHRIWKHH[SUHVVLRQNDOLWWXЩDLLQRUGHUWRUHIHUWRVWDQ]DV LQZKLFKWKHQXPEHURIHЅXWWXSHU OLQHLV[HGEXW LVQRWHTXDOWRVL[WHHQRUVHYHQWHHQDVSHUWKHUXOHHQXQFLDWHGLQ6HFWLRQ6HHKLVH[SODQDWLRQVRQSجFRQFHUQLQJWKH7OtildeYAtildeUDPܐSRHPDзLWďЩXPQOtildeUDFDLLO WRзDЏNLГHЅXWWXPQLUDLDFDLLO WRзDЏNLГHЅXWWXPQLNDЅXPND˒˒DŝaiQHзLODзLفWKLV7OtildeYAtildeUDPܐSRHPLVgtFRPSRVHGLQND˒˒DŝaiQHзLODзLIRUZKLFKLQHYHUOLQHLIWKHUVWDFDLLVQOtildeUWKHUHDUHHЅXWWXVDQGLIWKHUVWDFDLLVQLUDLWKHUHDUHHЅXWWXVقܛgtLQ89OtildeampAtildePLQAtildeWDLAtildeUHGLWLRQRIltLQWKHFRPPHQWDUWRج6HHWKHXVDJHRQSة7KHGHVLJQDWLRQفYLUXWWDNNDOLWWXЩDLقLVDSSOLHGWRDFLWDWLRQRPampĭЁAtildePDБLVWDUWLQJZLWKYHГЩAtildeГYLГDLLГDQGZKROLYHGLQDQDJHق9iacuteUDPAtildePX҈LYDUفHVFKLZKRLVNQRZQLQ7DPLOXQGHUWKHQDPHRIةWKHHDUOWKFHQWXUZKHQPDQXVFULSWVZHUHPXFKPRUHFRPPRQWKDQSULQWHGERRNVLQ7DPLO1DGXKDVZULWWHQVHYHUDOERRNVZKLFKDUHKLJKOSHUWLQHQWWRWKHVXEMHFWRI7DPLOSRHWU7KHDUH(A)+LVJUDPPDURIampHQWDPLЅZKLFKZDVZULWWHQLQDWLQLQFLUFXODWHGLQPDQXVFULSWIRUPWUDQVODWHGLQWR(QJOLVKDQGSULQWHGLQWKHRULJLQDODWLQZDVSULQWHGRQOLQ7KLVJUDPPDUFRQWDLQVYHULQWHUHVWLQJRULJLQDOREVHUYDWLRQVRQWKHPHWUHVXVHGLQ7DPLOSRHWU6RPHRIWKRVHREVHUYDWLRQVDUHLQFRUSRUDWHGLQWKHGHVFULSWLRQRIYLUXWWDPEDPLO=YHOHELO(B)+LV7RГГĭO9LЁDNNDPDJUDPPDUFRPSRVHGLQ7DPLO LQYHUVH IRUPZKLFKFRQWDLQVHYHQPRUHSUHFLVHLQIRUPDWLRQWKDQWKHDWLQJUDPPDUWZDVSULQWHGIRUWKHUVWWLPHLQ(C)+LV7HPSAtildeYDБLDampKULVWLDQGHYRWLRQDOSRHPWKHFRPSRVLWLRQRIZKLFKHPXODWHVWKHPHWUHVIRXQGLQWKH7DPLOYHUVLRQRIWKH5AtildePAtildeDБDFRPSRVHGEDPSD҈VHHWKHSDJHVWRLQWKHHGLWLRQRI7OtildePSAtildeYDБL(D)+LVampDWXUDNDUAtildeWLDGLFWLRQDULQIRXUSDUWVWKHODVWVHFWLRQWRзDLDNDUAtildeWLEHLQJRUJDQLVHGRQWKHEDVLVRIHWXNDLZKLFKFRXOGEHGHQHGDSSUR[LPDWHODVDNLQGRIفVHFRQGVOODEOHUKPHقDQGLVRQHRIWKHPRVWSURPLQHQWDQGUHJXODUIHDWXUHVRI7DPLOGHYRWLRQDOSRHWUQ҈҈AtildeFLWKHVWVHFWLRQgtSHDUDNDUAtildeWLفGLFWLRQDURIQDPHVقRFFXSLHVSSظجWKHQGVHFWLRQgtSRUXЁDNDUAtildeWLفGLFWLRQDURIWKLQJVقRFFXSLHVSSظجWKHUGVHFWLRQgtWRNDLDNDUAtildeWLفGLFWLRQDURIFROOHFWLRQVJURXSVWRWDOVقRFFXSLHVSSظجDQGWKHWKVHFWLRQgtWRзDLDNDUAtildeWLفGLFWLRQDURIDOOLWHUDWLRQVقOLWWفVWULQJLQJقRFFXSLHVSSجܜظ7KDWODVWVHFWLRQLVGLYLGHGLQWRWZRPDLQSDUWV$NXЩLЩNiacuteЅHWXNDLgtSSDQGظQHзLЩNiacuteЅHWXNDLgtSSظIROORZHGEDVPDOODSSHQGL[8ة 3RSHKDVJLYHQXVLQDEHDXWLIXOHGLWLRQZLWKWUDQVODWLRQDQGLQGLFHVRIWKH7LUXYAtildeFDNDPLQZKLFKWKHPHWUHVXVHGDUHH[SODLQHGZLWKDGGLWLRQDOUHIHUHQFHVEHLQJJLYHQWRDQRWKHUHDUOLHUSXEOLFDWLRQGDWHGZKLFKSUHVHQWHGWKHQDWLYHJUDPPDULDQVؾRSLQLRQVRQPHWUH


SAtildeYLDO LQWKHWKFHQWXUFRPSRVLQJHYHQPRUHPHWULFDOWUHDWLVHVDQGPDNLQJPRUHH[SOLFLWIRURWKHUVWKHIHDWXUHVRI7DPLOSRHWU

$5(9$72161$73 1AtildeOAtildeLUDW7LYYDSSLUDSDQWDPVHH9DLҢDYDVRXUFHV370 3DГГLUX7LUXPXЩDLVHHĜDLYDVRXUFHV370$ 6HH3DГГLUX7LUXPXЩDLampXSSLUDPDLD҈ampD9Otilde3DWLSSAtildeFLULDU DJHQHUDOHGLWLRQ370WR 370ت 7OtildeYAtildeUDP370 7LUXYAtildeFDNDPDQG7LUXNNďYDLAtildeU370 7LUXYLFDLSSAtilde7LUXSSDOOAtildeБзX2ГSDWAtildeQWLUXPXЩDL370 7LUXPDQWLUDP370 3DWLГďUAtildeQWLUXPXЩDL370 3HULDSXUAtildeБDP7 7RONAtildeSSLDP7amp 7RONAtildeSSLDPampROODWLNAtildeUDP7( 7RONAtildeSSLDP(ЅXWWDWLNAtildeUDP73$ 6HH79RSDOHULQVHFRQGDUOLWHUDWXUH73 7RONAtildeSSLDP3RUXЁDWLNAtildeUDP73L 7RONAtildeSSLDP3RUXЁDWLNAtildeUDPZLWKѶDPSĭUDDUؾVFRPPHQWDU73S 7RONAtildeSSLDP3RUXЁDWLNAtildeUDPZLWK3OtildeUAtildeFLULDUؾVFRPPHQWDU73Q 7RONAtildeSSLDP3RUXЁDWLNAtildeUDPZLWK1DFFL҈AtildeUNNL҈LDUؾVFRPPHQWDUlt$ ltAtildeSSDUXЏNDODPVHHlt9lt ltAtildeSSDUXЏNDODNAtildeULNDL1LNODVgtLQVHFRQGDUOLWHUDWXUHlt9 ltAtildeSSDUXЏNDOD9LUXWWLVHHlt9lt9 ltAtildeSSDUXЏNDODPSDЅDLDYLUXWWLXUDLXзDГ9amp 9iacuteUDFďЅLDP

25$3+lt3ULPDUVRXUFHVĜDLYDVRXUFHV3DГГLUX7LUXPXЩDLHGLWHGEampD9OtildeampXSSLUDPDLD҈0DLYAtildeFDNDUSDWLSSDNDPampLWDPSDUDPgtWLUXWWLDLUDҬAtildePSDWLSSXPXWDҞSDWLSSX

3DWLГRUAtildeQ7LUXPXЩDLgtWK7LUXPXҞDLZLWKFRPPHQWDUE3L5Atilde1DҬDUAtildeFD҈8PAtilde3DWLSSDNDPampH҈҈DLܔ

7OtildeYAtildeUDP+PQHVĜLYDplusmnWHVGXSDVWDPRXO7OtildeYAtildeUDP3DБPXЩDL0ĭYDU7OtildeYAtildeUDPYROAtildeГDFDPSDQWDUHGLWHGE79RSDOHUgt7L9OtildeďSAtildeODLDUZLWKDQLQWURGXFWLRQE)UDQcopyRLVURVQVWLWXW)UDQcopyDLVGؾQGRORJLH3RQGLFKlaquoU3XEOLFDWLRQVGHOؾQVWLWXW)UDQcopyDLVGؾQGRORJLHܗܓ


7OtildeYAtildeUDP+PQHVĜLYDplusmnWHVGXSDVWDPRXO7OtildeYAtildeUDP3DБPXЩDL0ĭYDU7OtildeYAtildeUDPYRO$SSDUDQGampXQWDUDUHGLWHGE7 9 RSDOHUgt7L9OtildeďSAtildeODLDUQVWLWXW)UDQcopyDLV GؾQGRORJLH 3RQGLFKlaquoU 3XEOLFDWLRQV GH OؾQVWLWXW)UDQcopyDLVGؾQGRORJLHܗܔ

LJLWDO7OtildeYAtildeUDPعVHH685$0$1lt$$ltlt$5HWDOLL7LUXNNďYDLAtildeU0ĭODPXP8UDLXPZLWKDPRGHUQFRPPHQWDUE3DѺD0XWWDSSD҈8PAtilde3DWLSSDNDPampH҈҈DLܕ

7LUXYLFDLSSAtilde7LUXSSDOOAtildeБзXZLWKDPRGHUQFRPPHQWDUE3L5Atilde1DҬDUAtildeFD҈8PAtilde3DWLSSDNDPampKHQQDLgtLUDҬAtildePSDWLSSXPXWDҞSDWLSSX

9DLҢDYDVRXUFHV1$73HGLWLRQVFRQVXOWHG1$73 1AtildeOAtildeLUD 7LYDSUDSDQWDP SXEOLVKHG E UDWWL҈D 1AtildeDNDU 6Atilde҈V

7LUXPDNDѶYLOAtildeFD$FFLDQWLUDFAtildeODLampH҈҈DLERXQGYROXPHFRQVWLWXWLQJltܖRIVL[SKVLFDOVXEVHFWLRQVKDYLQJHDFKDVHSDUDWHSDJLQDWLRQDQGLOOXVWUDWLRQVQWURGXFWRUSDUWLOOXVWUDWLRQVDQGSSظجVW7KRXVDQGgtLOOXVWUDWLRQVSSظجQG7KRXVDQGgtLOOXVWUDWLRQSSجUG7KRXVDQGDЩSAtildegtLOOXVWUDWLRQVSSظجWK7KRXVDQG7LUXYAtildePRЅLgtLOOXVWUDWLRQSSظج)LQDOVHFWLRQFRQWDLQLQJUAtildePAtildeQXFD1ĭЩЩDQWAtildeWLgtLOOXVWUDWLRQSSظج

ܤ1$73ĜUiacute7LYDS3LUDSDQWDP0XWDOAtildeLUDP3DWLSSAtildeFLULDUJHQHG(V9DLAtildeSXULS3LѶѶDL9HѶLLҬXYďUSXEOLVKHU(V5AtildeMDPampH҈҈DL3DWLSSXUDLltܔGDWHGظظ

ܥ1$73ĜUiacute7LYDS3LUDSDQWDP3HULD7LUXPRЅL3DWLSSAtildeFLULDNNXѺXYL҈DUAtildeOSDODSLUDWLNDѶDLRSSXQďNNLSSDULFďWLWWXYHѶLLҬDSSDҬҬDWX9HѶLLҬXYďUSXEOLVKHU(V5AtildeMDPampH҈҈DLظظ3DWLSSXUDLGDWHGltܕ

1$73 ܦ ĜUiacute 7LYDS 3LUDSDQWDP DЩSAtilde 3DWLSSAtildeFLULDN NXѺXYL҈DUAtildeO SDODSLUDWLNDѶDLRSSXQďNNLSSDULFďWLWWXYHѶLLҬDSSDҬҬDWX9HѶLLҬXYďUSXEOLVKHU(V5AtildeMDPampH҈҈DLظظ3DWLSSXUDLGDWHGltܕ

ܧ1$73ĜUiacute7LYDS3LUDSDQWDP7LUXYAtildePRЅL3DWLSSAtildeFLULDNNXѺXYL҈DUAtildeOSDODSLUDWLNDѶDLRSSXQďNNLSSDULFďWLWWXYHѶLLҬDSSDҬҬDWX9HѶLLҬXYďUSXEOLVKHU(V5AtildeMDPampH҈҈DLظظ3DWLSSXUDLGDWHGltܕ

1$73 1AtildeOAtildeLUD 7LYYLDS 3LUDSDQWDP LUDБзX SAtildeNDЏNDЁLO 3XWLD YDББDSSDзDЏNDЁXзDГYROVLSNďSDSѶLҢDUVSL OLҬ)amp2gtLUDҬAtildePSDWLSSX

7KHGDWHةDSSHDUVRQWKHODVWSDJHRIWKHVL[WKVHFWLRQWLVHDUOLHUWKDQWKHGDWHVJLYHQLQ79RSDOHUYROجSجIRUWKLVVHULHVRI HGLWLRQVQDPHOفق7KHYROXPHHGLWHGE9DLDSXUL3LOODLLQIRUWKH0XUUD5DMDPVHULHVDOVRPHQWLRQVWKHGDWHRIIRUWKHفSDѺDLDSDWLSSXقRIWKH0XWDOAtildeLUDPUDWWL҈DQAtildeDNDUVD҈VDQGWKHGDWHRIIRUDQRWKHUHGLWLRQRIWKHVDPH


VHFRQGفPDҞXDFFXقWKHUVWHGLWLRQPXWDҞSDWLSSXDSSHDUHGLQDQGZDVUHSULQWHG LQ DQG WKH VHFRQG HGLWLRQ LUDҬAtildePSDWLSSXDSSHDUHGLQDQGZDVUHSULQWHGLQDQG

1$731AtildeOAtildeLUD7LYYLDS3LUDSDQWDP0ĭODPXP7HЁLYXUDLXPYROVZLWKDPRGHUQFRPPHQWDU7HѶLYXUDLEҫAtildeNҬDU01AtildeUAtildeDD9OtildeOXSSLѶѶDLHGLWHGE9L(V9LUAtildeNDYD7AtildeVD҈SDWLSSAtildeFLULDU0XOODL1LODLDPampH҈҈DLgtPDҞXSDWLSSXPXWDҞSDWLSSXFHSҬDPSDU

1$731AtildeOAtildeLUD7LYDS3LUDSDQWDP$LQWAtildeP9OtildeWDPZLWKDPRGHUQFRPPHQWDU1DDYXUDLE9DLDYDFFHPPDOҫAtildeNҬDU(V-HNDWUDҬFDND҈ZLWK(QJOLVKUHQGHULQJE6UL5DPDEKDUDWLAcircѺYAtildeUNDѶAtildeYXPDLDPampH҈҈DLgtDLQWAtildePSDWLSSXPXWDҞSDWLSSXLUDҬAtildePSDWLSSXPĭ҈ҞAtildePSDWLSSXQAtilde҈NAtildePSDWLSSX

3URMHFW0DGXUDLYHUVLRQOHVDYDLODEOHDWفKWWSZZZSURMHFWPDGXUDLRUJق

2WKHUVRXUFHV

$LNXҞXQĭҞX $LЏNXЩXQĭЩX 0ĭODPXP 3DЅDLDYXUDLXP HGLWHG E 8 9OtildeampAtildePLQAtildeWDLDUampKHQQDLgtQAtilde҈NAtildePSDWLSSX

ampDWXUDNDUAtildeWL9iacuteUDPAtildePXГLYDUDUXЁLDampDWXUDNDUAtildeWLHGLWHGEampĭ҈҈AtildeFLAcircYXS3DWLSSX3Dď҈LDU3XNampDUYiacuteVampKHQQDLgtLUDҬAtildePSDWLSSX

ampLODSSDWLNAtildeUDP ampLODSSDWLNAtildeUD 0ĭODPXP $UXPSDWDYXUDLXP $зLAtildeUNNXQDOOAtildeU8UDLXP HGLWHG E8 9OtildeampAtildePLQAtildeWDLDU7AtildeNҬDU8 9OtildeampAtilde1ĭO1LODLDPampH҈҈DLDLgtSKRWRJUDSKLFUHSULQWRIWKHUGHGLWLRQ

DOLWWRNDLDOLWWRNDL3DWLSSXAcircFLULDUNXЅXYLГDUAtildeO3DOD3LUDWLNDЁDL2SSXQďNNLS3DULFďWLWWX9HЁLLзDSSHЩЩDWX1LĭampHsup3FXUL3XN+DYXVampH҈҈DLgtUHSULQWRIWKHHGLWLRQE0DUUOtilde$ҬXDPSH҈L

3DWLҞҞXSSDWWX 3DWLЩЩXSSDWWX 3DWLSSXAcircFLULDUN XЅXYLГDUAtildeO 3DOD 3LUDWLNDЁDL2SSXQďNNLS3DULFďWLWWX9HЁLLзDSSHЩЩDWX1LĭampHsup3FXUL3XN+DYXVampH҈҈DLgtUHSULQWRIWKHHGLWLRQE0DUUOtilde$ҬXDPSH҈L

7RONAtildeSSLDP3RUXѶDWLNAtildeUDP73S7RONAtildeSSLDP3RUXЁDWLNAtildeUDPLUDБзAtildePSAtildeNDP3LГГAtildeГNLDONDЁXP3OtildeUAtildeFLULDPXP HGLWHG DQG DQQRWDWHGEDQHVK HU gtampLDOtildeFDLDUampX҈҈AtildeNDPĜUiacuteDNAtildeܒ

7RONAtildeSSLDP3RUXѶDWLNAtildeUDP73L7RONAtildeSSLDPЁDPSĭUDБDP3RUXЁDWLNAtildeUDPHGLWHGE9D8ampLWDPSDUDP3LѶѶDLDQG3KVLFDOGHVFULSWLRQRIWKHERRNltܒRQHERXQGYROXPHZLWKWKUHHVHFWLRQVDQGWZRLQVLGHWLWOHSDJHV)LUVWVHFWLRQampLWDPSDUDP 3LѶѶDL 9D 8 SDWLSSAtildeFLULDU 7RONAtildeSSLDP ЁDPSĭUDБDP3RUXЁDWLNAtildeUDP $NDWWLБDLLDO 3XЩDWWLБDLLDO 9OtildeOAtildeXWDP 3LULҬL 3LUDV7ĭWWXNNXҬL6HFRQGVHFWLRQampLWDPSDUDP3LѶѶDL9D8 SDWLSSAtildeFLULDU


7RONAtildeSSLDPЁDPSĭUDБDP3RUXЁDWLNAtildeUDPDЁDYLDODЩSLDO3RUXЁLDO9AtildeYLѶѶDUAtildePDVYAtildePLFAtildeVWUXOXDҬVD҈V3LUDFXULWWDYDUNDѶampH҈҈DL7KLUGVHFWLRQZLWKRXWWLWOHSDJHDQGZLWKJDSLQSDJHQXPEHULQJFRQWDLQVPHSSAtildeззLDOXYDPDYLDOFHXЁLDODQGPDUDSLDO

7RONAtildeSSLDP3RUXѶDWLNAtildeUDP73L7RONAtildeSSLDP3RUXЁDWLNAtildeUDPZLWKЁDPSĭUDБDU VFRPPHQWDU HGLWHG E 7L 9Otilde ďSAtildeODLDU DQG 1D $UDDPXҞXYDOSDWLSSAtildeFLULDUNDѶ7DPLѺ0D3DWLSSDNDPampKHQQDLܒ

9iacuteUDFďѺLDP9iacuteUDFďЅLDP3HUXQWOtildeYDГAtildeULDЩЩLDXUDLXPHGLWHGDQGDQQRWDWHGE7L9OtildeďSAtildeODLDUĜUiacutePDWAcircҬDYD҈$ĝUDPDPĜUiacuteUDNDPܔ

ltAtildeSSDUXNDODNAtildeULNDLltAtildeSSDUXЏNDODNAtildeULNDL0ĭODPXPXБDFAtildeNDUDU8UDLXPHGLWHGE89OtildeampAtildePL҈AtildeWDLDU896LEUDUampKHQQDLgtVWHGLWLRQ

ltAtildeSSDUXNDODPltAtildeSSDUXЏNDODP SDЅDLD YLUXWWLXUDLXзDГ HGLWHG E0Otilde 9iacute9OtildeXNďSAtildeODS3LѶѶDLQWHUQDWLRQDOQVWLWXWHRI7DPLO6WXGLHVampKHQQDLWKLVltܗLVWKHRIDERRNZKLFKZDVRULJLQDOOSXEOLVKHGLQقUHHGLWLRQفEWKHRYHUQPHQW2ULHQWDO0DQXVFULSWLEUDU20

6HFRQGDUVRXUFHV

$37(9DPDQ6KLYUDP7KH3UDFWLFDO6DQVNULW(QJOLVKLFWLRQDUFRQWDLQLQJDSSHQGLFHVRQ6DQVNULWSURVRGLPSRUWDQWOLWHUDUDQGJHRJUDSKLFDOQDPHVRIDQFLHQWQGLD0RWLODODQDUVLGDVV3XEOLVKHUVHOKLWKUHSULQWRIIRXUWKUHYLVHGDQGHQODUJHGHGLWLRQ

(6amp+ampRQVWDQWLXV-RVHSKgtODWLQPV$UDPPDURIWKH+LJKLDOHFWRIWKH7DPLODQJXDJHFDOOHGampHQWDPLЅ6DUDVZDWL0DKDOLEUDU7DƎRUHgtUHSULQWRI WKH VHFRQG HGLWLRQ RI 7ULFKLQRSRO RI WKH (QJOLVK WUDQVODWLRQ EDELQJWRQampROOHJH3UHVV0DGUDVRIWKHRULJLQDOODWLQUDPPDWLFDDWLQR7DPXOLFDXELGHHOHJDQWLRULOLQJXDHWDPXOLFDHGLDOHFWRFHQWDPLЅGLFWDFXLDGGXQWXUWDPXOLFDHSRHVHRVUXGLPHQWDDGXVXPPLVVLRQDULXPVRFLHWDWLV-HVX

(6amp+ ampRQVWDQWLXV -RVHSK 9iacuteUDPAtildePXГLYDU 7LUXYAtildePDODUQWDUXЁLFFHWDYDLQWLODNNDБDW7RГГĭO9LЁDNNDP0ĭODPXP8UDLXPHGLWHGE9OtildeWDNLULPXWDOLAtildeUDQGVXEVLGLVHGE0DULOtildeFDYOtildeULAtildeSSLѶѶDL3RQGLFKHUU

(6amp+ampRQVWDQWLXV-RVHSK9iacuteUDPAtildePXГLYDUDUXЁLFFHWD7OtildePSAtildeYDБLPXWDЩNAtildeБзDP0LVVLRQ3UHVV3RQGLFKHUUQAtilde҈NAtildePSDWLSSX

7KLVYROXPHFRQWDLQVWZRVKRUWVHFWLRQVRQPHWULFV9LUXWWDЏNDЁDLDODNLзDЩNXDЩLDWWDNNDةYLSDUDPSS7KRVHFRXOGEHXVHIXOOFRPSDUHGZLWKظSSDQGFDQWDЏNDЁLГDззDYDБDLظWKHOLVWVIRXQGLQDNVKDDQLDQG7LUXPXUXND҈


ampAcirc01Acirc7$lt$589Otilde1DOOXUDLNďYDLLUDБзAtildePSAtildeNDPĜUiacuteWLAtildeNDUAtildeFDYLOAtildeVDYHѶLiacuteҬXampKHQQDLgtDLQWAtildePSDWLSSXgt6HHHVSHFLDOOWKHUHPDUNRQSجLQFKDSWHUظSSقĜUiacute0XWWXFAtildePL7iacuteNҢLWDUف

amp+$03$$$6+055HOLJLRQ7UDGLWLRQDQGGHRORJ3UHFRORQLDO6RXWKQGLD2[IRUG8QLYHUVLW3UHVV1HZHOKL

amp+(9$5-HDQXFULWLFDOHGLWLRQVRI7DPLOZRUNVampفH[SORUDWRUVXUYHDQGIXWXUHSHUVSHFWLYHVقSUHVHQWDWLRQJLYHQRQWK2FWREHUDWWKH1)77FRQIHUHQFHLQcedilOQ

amp+(9$5-HDQXF2فQ7DPLO3RHWLFDOampRPSRVLWLRQVDQGWKHLUؽLPEVؾDVGHVFULEHGE7DPLOJUDPPDULDQV6WXGLHV LQ7DPLO0HWULFVقع LQ3XHFKampKULVWLDQ5DE9DOlaquoULHHGV+RUL]RQVGH5laquoWURVSHFWLRQ+LVWRLUHSLVWlaquoPRORJLHDQJDJHQRج)DVF6+(63DULVSSܓظج

amp+(9$5-HDQXFف(QXPHUDWLRQWHFKQLTXHVLQ7DPLOPHWULFDOWUHDWLVHV6WXGLHVLQ7DPLO0HWULFVقعLQ ampR[9 9HUJLDQLHGVLOLQJXDOLVFRXUVHDQGampURVVampXOWXUDO)HUWLOLVDWLRQ6DQVNULWDQG7DPLO LQ0HGLHYDOQGLDQVWLWXW)UDQcopyDLVGH3RQGLFKlaquoUFROHDQcopyDLVHGؾ([WUnotPH2ULHQW3RQGLFKlaquoUampROOHFWLRQQGRORJLHQRجSSظج

amp8335$0$lt$ ampD 9Otilde FRPSLOHU 7DPLЅ ODNNDБD1ĭONDЁ0ĭODPPXЅXYDWXPXЩLSSXYLЁDNNDЏNDЁXзDГ0HDSSD҈3DWLSSDNDPampH҈҈DLampLWDPSDUDPgtLUDҬAtildePSDWLSSXPXWDҞSDWLSSX

$6+$lt$197KH0HWUHVLQDPEDUDPDDQDP$QQDPDODL8QLYHUVLW$QQDPDODLHSDUWPHQWRILQJXLVWLFVSXEOLFDWLRQQRج

)2=$7-HDQ8QWH[WHWDPRXOGHGlaquoYRWLRQYLVKQRXLWHH7LUXSSAtildeYDLGAcircБзAtildeOQVWLWXW)UDQcopyDLV GؾQGRORJLH 3RQGLFKlaquoU 3XEOLFDWLRQV GH OؾQVWLWXW )UDQcopyDLVGؾQGRORJLHQRج

)2=$7-HDQH7LUXPXUXNcurrenUUXSDWDLQVWLWXW)UDQcopyDLVGؾQGRORJLH3RQGLFKlaquoU3XEOLFDWLRQVGHOؾQVWLWXW)UDQcopyDLVGؾQGRORJLHQRج

23$lt(579 gtďSAtildeODLDU7L9Otilde7OtildeYAtildeUDPAcircYXWWXБDL7OtildeYAtildeUDPWXGHVHWJORVVDLUHVWDPRXOVQVWLWXW)UDQcopyDLVGؾQGRORJLH3RQGLFKlaquoU3XEOLFDWLRQVGHOؾQVWLWXW)UDQcopyDLVGؾQGRORJLHQRظج

23$lt(579 gtďSAtildeODLDU7L9Otilde7DPLЅODNNDБDS3OtildeUDNDUAtildeWL YROXPHVLQGH[YROXPH7DPLѺPD3DWLSSDNDPFROHDQcopyDLVHGؾ([WUnotPH2ULHQWampKHQQDL gtVHH HVSHFLDOO YROج 3RUXЁ AtildeSSX DQG YROج 3RUXЁAtildeSSXYLUXWWDPYDББDP

KWWSفOHRIWKHSUHVHQWDWLRQLVDYDLODEOHRQWKH1)77ZHEVLWHDW(3$ةZZZLQWWRUJWLSDSHUVSUHVHQWDWLRQVQWWBRHOQB-BampKHYLOODUGBQDOSGI ق


23$lt(579 gtďSAtildeODLDU7L9Otilde3HULD7LUXPRЅL3HULDYAtildeFFAtildeГSLЁЁDLXUDLLГWDPLЅAtildeNNDPYROV7HYDFFOtildeNNLѺAtildeUFDLYDFLWWAtildeQWDSSAtildeҬDFAtildeODL7Dsup3FAtildeYĭU

23$lt(579gtďSAtildeODLDU7L9OtildeDззXUDLNDЁYROV7DPLѺPD3DWLSSDNDPampKHQQDL

526 )UDQcopyRLV H 3DULSAtildeзDO QVWLWXW )UDQcopyDLV GؾQGRORJLH 3RQGLFKlaquoU3XEOLFDWLRQVGHOؾQVWLWXW)UDQcopyDLVGؾQGRORJLHQRج

526)UDQcopyRLVm7RZDUGVUHDGLQJWKH7OtildeYAtildeUDPm3RXUOLUHOH7OtildeYAtildeUDPLQRSDO HU790ĭYDU7OtildeYAtildeUDPYROAtildeГDFDPSDQWDU QVWLWXW)UDQcopyDLVGؾQGRORJLH3XEOLFDWLRQVGHOؾQVWLWXW)UDQcopyDLVGؾQGRORJLHQR3ܗجRQGLFKlaquoUSSج[[[YLLO[YLLLgt(QJOLVKDQGSSجY[[[YLgt)UHQFK

+$5lt)ULHGKHOP9LUDKDKDNWL7KH(DUO+LVWRURIХЭБDHYRWLRQLQ6RXWKQGLD2[IRUG8QLYHUVLW3UHVV1HZHOKL

$5$9($1(AtildeUDLNNAtildeODPPDLAtildeUampKDQWVGlaquoYRWLRQQHOVWDPRXOVGLWLRQHWWUDGXFWLRQSDUعQWURGXFWLRQSDU-HDQ)LOOLR]DW1RXYHOOHlaquoGLWLRQDYHFSRVWIDFHHW LQGH[JORVVDLUHSDU)UDQcopyRLVURVQVWLWXW)UDQcopyDLVGؾQGRORJLH3RQGLFKlaquoU3XEOLFDWLRQVGHOؾQVWLWXW)UDQcopyDLVGؾQGRORJLHQRجgtVWHGLWLRQ

0$$ҫ$ ltD 7DPLЅLO ltAtildeSSLODNNDБD 9DЁDUFFL 9LѺLNDѶ 3DWLSSDNDPampKHQQDL

1$68OULNH$PLWDFAtildeNDUDULDЩЩLDltAtildeSSDUXЏNDODNNAtildeULNDLXБDFAtildeNDUDULDЩЩLDXUDLXзDГ7H[W WUDQVODWLRQDQGQRWHVQVWLWXW)UDQcopyDLVGH3RQGLFKlaquoU3RQGLFKlaquoU3XEOLFDWLRQVGXGlaquoSDUWHPHQWGؾQGRORJLHQRج

323(HRUJH8JORZ$DUJHUUDPPDURIWKH7DPLODQJXDJHLQERWKLWVGLDOHFWVWRZKLFKDUHDGGHG7KH1DГГĭOltAtildeSSDUXЏNDODPDQGRWKHU1DWLYH$XWKRULWLHV$PHULFDQ0LVVLRQ3UHVV0DGUDV

323(HRUJH8JORZXЩDЁ7KH 6DFUHGXUUDЁRI7LUXYDЁЁXYD1currenDQcurrenU+$OOHQDQGampRRQGRQ

323(HRUJH8JORZ7KH1AtildeODϗLAtildeURU)RXU+XQGUHG4XDWUDLQV LQ7DPLO7KHampODUHQGRQ3UHVV2[IRUG

323(HRUJH8JORZ7KH7LUXYDFDJDPRU 6DFUHGXWWHUDQFHVRI WKH7DPLOSRHWVDLQWDQGVDJH0DQLNND9DFDJDUWKH7DPLOWH[WRIWKHबRQHSRHPVZLWK(QJOLVKWUDQVODWLRQ7KHampODUHQGRQ3UHVV2[IRUG

5$-$096amp3ق7KH(YROXWLRQRI9HБSAtildeDVDQQGHSHQGHQW(QWLWف-RXUQDORIUDYLGLF6WXGLHV3RQGLFKHUUQVWLWXWHRILQJXLVWLFVDQGampXOWXUH3RQGLFKHUUSSܓظج

685$0$1lt$$ltlt$590amp+(9$5-HDQXFHQHG6$66$50$$VVRFLDWHHGLJLWDO7OtildeYAtildeUDP NDБLГLW WOtildeYAtildeUDPZLWK WKHFRPSOHWH(QJOLVKJORVVRIWKHODWH906XEUDPDQD$DUQVWLWXW)UDQcopyDLVGH3RQGLFKlaquoU


FROHDQcopyDLVHGؾ([WUnotPH2ULHQW3RQGLFKlaquoUampROOHFWLRQQGRORJLHQRجgtamp520

685$+0$1lt$6$675367RONAtildeSSLDP7KH(DUOLHVW([WDQW7DPLOUDPPDUZLWKD VKRUWFRPPHQWDU LQ(QJOLVK9ROXPH3RUXЁDWLNAtildeUDP7KHXSSXVZDPL6DVWUL5HVHDUFKQVWLWXWHampKHQQDLgtVWHGLWLRQ

7$1$amp+$$08$$5(1VKRUWVNHWFKRIWKH$فقVSUHIDFHؾGLWRU)فOLIHRIWKH$XWKRUقDQG7فKHHYROXWLRQRI7DPLOYLUXWKDPVقLQWKHVHFRQGHGLWLRQRI79LUDEDGUD0XGDOLDUؾV9LUXWWDSSAtildeYLDOVHHQH[WHQWU

95$$5$08$$579LUXWWDSSAtildeYLDO$WUHDWLVHRQWKHSURVRGRI7DPLO9LUXWKDPV1DWLRQDO3UHVV0DGUDV

7580858$UAtildeDPSDГSAtildeзLDYDББDЏNDЁYLULYAtildeNNDSSDWLSSXgtDXJPHQWHGHGLWLRQ0HDSSD҈7DPLѺAtildeYDNDPampKLGDPEDUDPgtVWHGLWLRQ

(1(YDIRUWKFRPLQJ6FULSWSULQWDQGPHPRU5HOLFVRIWKHampDЏNDPLQ7DPLO1DGXgt8QLYHUVLWRI+DPEXUJ6RQGHUIRUVFKXQJVEHUHLFK0DQXVNULSWNXOWXUHQLQ$VLHQ$LNDXQG(XURSD

=9((DPLOampODVVLFDO7DPLO3URVRGDQQWURGXFWLRQ1HZ(UD3XEOLFDWLRQV0DGUDV


WDQWUROH LQWKHOLIHRIWKRVHZKRDUHGHYRWHHVRIĜLYDRURI9LҢXDQGLVRHQUHIHUUHGWRDV7DPLOKDNWLOLWHUDWXUH7KHHOHPHQWRQZKLFKPH[SORUDWLRQFRQFHQWUDWHVLVWKHVWDQ]DDWHUPIRUZKLFKVKDOOWUWRJLYHDSUHFLVHGHQLWLRQODWHUEXWZKLFKVKDOOUVWGHQHLQDSUHOLPLQDUZDDVWKHEDVLFVHPDQWLFEXLOGLQJEULFNRPZKLFKPRVWRIWKRVHGHYRWLRQDOFRPSRVLWLRQVDUHPDGH7KRVHHOHPHQWDUEULFNVDUHKRZHYHUQRWDOO LGHQWLFDO LQIRUPDQGDWWHPSWKHUHWRHQXPHUDWHDVH[KDXVWLYHODVSRVVLEOHWKHYDULRXVVHWVRIPHWULFDOFKDUDFWHULVDWLRQVXQGHUZKLFKWKHKDYHEHHQVDLGWRIDOOEWKHYDULRXVHGLWRUVWKDQNVWRZKRPWKHWH[WRIWKRVHFRPSRVLWLRQVLVDYDLODEOHWRXV7KLVSUHVHQWVXVZLWKWZRDGGLWLRQDOGLFXOWLHV7KHUVWRQHLVWKDWZHRFFDVLRQDOOVHHGLHUHQFHVRIRSLQLRQEHWZHHQHGLWRUVFRQFHUQLQJWKHPHWULFDOFDWHJRUXQGHUZKLFKDVSHFLFVWDQ]DRUJURXSRIVWDQ]DVIDOOV7KHVHFRQGGLFXOWOLHVLQWKHIDFWWKDWWKHUHLVQRXQLYHUVDOODJUHHGXSRQVLPSOHVVWHPIRUUHIHUULQJFRQFLVHOWRDOOWKHSDUWVRIVXFKDYDVWHQVHPEOHRIWH[WV)RUWKDWUHDVRQDSDUWRIWKLVVWXGKDGWREHGHYRWHGWRDFRPSDULVRQRIWKHZDVLQZKLFKWKHGDWDH[DPLQHG LVSUHVHQWHG LQWKHYDULRXVHGLWLRQVZKLFKKDYHEHHQFRQVXOWHG$QDGGLWLRQDOUHPDUNLQWKLVUHVSHFWLVWKDWLWKDVVHHPHGWRPHLPSRVVLEOHWRLJQRUHHGLWLRQVZKLFKPLJKWEHGHVFULEHGDVفSRSXODU8قQOLNHWKHDQFLHQWFODVVLFDO7DPLOOLWHUDWXUHRHQUHIHUUHGWRDV6DQJDPgtampDNDPOLWHUDWXUHZKLFKGRHVQRWKDYHPDQUHDOOLYLQJUHDGHUVRULQWHUSUHWHUV7DPLOGHYRWLRQDOOLWHUDWXUHKDVDPXFKODUJHUDSSHDODOWKRXJKVRPHLWHPVLQWKHFRUSXVDUHFHUWDLQOPXFKPRUHSRSXODUWKDQRWKHUV7KHUHIRUHKDYHDWWHPSWHGDVIDUDVSRVVLEOHWRSURYLGHWH[WXDOUHIHUHQFHVZKLFKDUHXVDEOHDOVRZLWKVRPHRIWKHFXUUHQWODYDLODEOHHGLWLRQVHYHQWKRXJKWKHPDQRWDSSHDUDVفVFKRODUOقEHFDXVHWKHDUHSDUWRIWKHWH[WXDOUHDOLWRI7DPLOGHYRWLRQDOOLWHUDWXUHIZHت WDNH WKH FDVHRIĜDLYD OLWHUDWXUH DQG LWV FDQRQLFDO VHULHVRIERRNV WKH3DГГLUX7LUXPXЩDL7فZHOYH6DFUHG6HULHVقKHQFHIRUWK370RQHRIWKHSRSX

UDWXUHFDQFRQVXOWampKDPSDNDODNVKPL+DUGURVLOGHQIRUWKFRPLQJDQGPDQRWKHUERRNVقRPRJHQHRXVJURXSVRIVWDQ]DV+فܓ6HH6HFWLRQةWDNHDVDQHFHVVDUFULWHULRQWKDWDVFKRODUOHGLWLRQVKRXOGPHQWLRQYDULDQWVXWDWWKHVDPHةWLPHDFNQRZOHGJHWKHIDFWWKDWWKHSULPDURUPRVWHTXHQWUHDVRQIRUSHRSOHLQ7DPLO1DGXWRDFTXLUHWKHWH[WVZKLFKZLOOEHGLVFXVVHGLQWKLVDUWLFOHLVWKHLUEHORQJLQJWRDVSHFLFUHOLJLRXVFRPPXQLW7KLVGRHVQRWPHDQKRZHYHUWKDWWKHZLOOQRWSUHIHUDJRRGTXDOLWHGLWLRQXWKHDULQJDERXWفYDULDQWVقLVSUREDEOQRWDSULPDUFRQFHUQIRUWKHPZKLFKDUHقKPQVف6HYHUDORIWKHWZHOYH7LUXPXЩDLVDUHFROOHFWLRQVRIقWZHOYHف3DГГLUXLVةPRVWRIWKHPPDGHXSRIVHYHUDOفVWDQ]DVقVHHGLVFXVVLRQRIWKHWHUPODWHU2WKHU7LUXPXЩDLVVXFKDVWKHHOHYHQWKFRQWDLQFRPSRVLWLRQVZKLFKKDYHDPRUHFRPSOH[VWUXFWXUHWKDQVLPSOHKPQV2QHRIWKHPHDQLQJVRIPXЩDLLVفRUGHURIFRQVWLWXHQWVZLWKLQDVHULHVقDQGWKHXVHRIWKHSUH[WLUXH[SUHVVHVWKHVDFUHGQHVVRIWKRVHFROOHFWLRQVRUWKHVDNHRIEUHYLWPDUHIHUWRLQGLYLGXDO7LUXPXЩDLVEDGGLQJDQXPEHU7KXVWKH(ة7OtildeYAtildeUDPZKLFKLVWUDGLWLRQDOOGLYLGHGLQVHYHQSDUWVZKLFKDUHUHIHUUHGWRDVف)LUVW7LUXPXЩDLقܖPDEHUHIHUUHGWRDV370WR370ق6HYHQWK7LUXPXЩDLفXSWRق6HFRQG7LUXPXЩDLف




























RUGVUHDGDVSODLQWH[W


RUGVXQGHUVWRRG





































ܐܐܒܒܒܒܒܒܒ






ܐܐܐܐܐܘܐܐ






YHБFHQWXЩDL ܠܒ

0L[HGPHWUH ܓܒ






ܘܕXSWRܕDQGRPܓ






RPܓXSWRܜܓ



ܗܓ


ܣܓ

NDOLWWXЩDL ܐܓ

























HQJWKLQVWDQ]DV

1XPEHURIKPQV




















1a

2a

3a

4a

1b

2b

3b

4b

1c

2c

3c

4c

1d

2d

3d

4d

1a

2a

3a

4a

1b

2b

3b

4b

1c

2c

3c

4c

1d

2d

3d

4d

1e

2e

3e

4e










6HH83RSHة

1a

2a

3a

4a

1b

2b

3b

4b

1c

2c

3c

4c

1d

2d

3d



1a

2a

3a

4a

1b

2b

3b

4b

1c

2c

3c

4c

1d

2d

3d






























6HH)LJXUH

YHБзDЁDL 12














































































˲

DVFDQEHVHHQLQت




































PHWUH SDБPHORG



ORFDOQXPEHULQJ

JOREDOQXPEHULQJ

1$73

lt(6 lt(6 lt(6 lt(6 lt(6 lt(6 12

1$73ظ

12 lt(6 lt(6 12 12 lt(6 lt(6

1$73gt

lt(6 12 12 12 12 lt(6 lt(6



1$73gt

12 12 12 12 12 12 lt(6

1$73gt







3374




3075



ܖ


7DRD ܒܐܘܓܓ




$FL9LBF ܙܘܗܖܔ












FiacuteUV9D7X

FiacuteUV9D9L

FiacuteUVD9L

FiacuteUVD1L7X

FiacuteUV$FL9LBF

FiacuteUV$FL9LBF

FiacuteUV$FL9LBF
















2032



2052






1908



12481658




YHБзXЩDL 9H7X ܙ










FiacuteUV9D7X

FiacuteUV9D9L

FiacuteUVD9L

FiacuteUVD1L7X

FiacuteUV$FL9LBF

FiacuteUV$FL9LBF

FiacuteUV$FL9LBF









ܒ





ܒ


ܖ



ܗ




ܘ


ܡ




ܐ





6WDUWORFDWLRQLQ1$73


$F9LBamp 17ܝ ܖ


$F9LBamp 17ܔ ܔ


$F9LBamp 17ܛ ܠ


DF29RD

73 ܓ







6WDUWORFDWLRQLQ1$73


$F9LBamp


$F9LBamp


$F9LBamp ܙ ܐ

NDOLYLUXWWDP D9L









SRHW










J NDOLWWXЩDL SRHW$


SRHW




QGWKHSRHWVDUH$ت










727$ GLVWLQFWPHWUHV










0HWULFDOVSHFLFDWLRQ


















7LUXYHPSAtildeYDL





727$












Metre amp$0(hymns)

$33K

amp81K

1$0(stanzas)

75VW

3(5VW

AcircҫVW

8VW

0AcircVW

ampKDUWQXPEHU



FDW

NDOLYLUXWWDP

KVW






100

NDOLWWXЩDL KVW

NDOLQLODLWWXЩDL



WDUDYXNRFFDNDP


30


YDsup3FLYLUXWWDP

YDsup3FLWWXЩDL

AtildeFLULDWWXЩDL


VW


YHБзXЩDL

YHБFHQWXЩDL


NDOLWWAtildeЅLFDL










87


AtildeFLULDPgtIQO


ampKDUWON

FDWVHFW










YHБзXЩDLgtlt$


NDOLWWXЩDLlt$


YHЁLYLUXWWDPgtlt$


NDOLYLUXWWDPgtlt$





































2WKHUVRXUFHV














6HFRQGDUVRXUFHV





































































RUGVUHDGDVSODLQWH[W


RUGVXQGHUVWRRG





































ܐܐܒܒܒܒܒܒܒ






ܐܐܐܐܐܘܐܐ






YHБFHQWXЩDL ܠܒ

0L[HGPHWUH ܓܒ






ܘܕXSWRܕDQGRPܓ






RPܓXSWRܜܓ



ܗܓ


ܣܓ

NDOLWWXЩDL ܐܓ

























HQJWKLQVWDQ]DV

1XPEHURIKPQV




















1a

2a

3a

4a

1b

2b

3b

4b

1c

2c

3c

4c

1d

2d

3d

4d

1a

2a

3a

4a

1b

2b

3b

4b

1c

2c

3c

4c

1d

2d

3d

4d

1e

2e

3e

4e










6HH83RSHة

1a

2a

3a

4a

1b

2b

3b

4b

1c

2c

3c

4c

1d

2d

3d



1a

2a

3a

4a

1b

2b

3b

4b

1c

2c

3c

4c

1d

2d

3d






























6HH)LJXUH

YHБзDЁDL 12














































































˲

DVFDQEHVHHQLQت




































PHWUH SDБPHORG



ORFDOQXPEHULQJ

JOREDOQXPEHULQJ

1$73

lt(6 lt(6 lt(6 lt(6 lt(6 lt(6 12

1$73ظ

12 lt(6 lt(6 12 12 lt(6 lt(6

1$73gt

lt(6 12 12 12 12 lt(6 lt(6



1$73gt

12 12 12 12 12 12 lt(6

1$73gt







3374




3075



ܖ


7DRD ܒܐܘܓܓ




$FL9LBF ܙܘܗܖܔ












FiacuteUV9D7X

FiacuteUV9D9L

FiacuteUVD9L

FiacuteUVD1L7X

FiacuteUV$FL9LBF

FiacuteUV$FL9LBF

FiacuteUV$FL9LBF
















2032



2052






1908



12481658




YHБзXЩDL 9H7X ܙ










FiacuteUV9D7X

FiacuteUV9D9L

FiacuteUVD9L

FiacuteUVD1L7X

FiacuteUV$FL9LBF

FiacuteUV$FL9LBF

FiacuteUV$FL9LBF









ܒ





ܒ


ܖ



ܗ




ܘ


ܡ




ܐ





6WDUWORFDWLRQLQ1$73


$F9LBamp 17ܝ ܖ


$F9LBamp 17ܔ ܔ


$F9LBamp 17ܛ ܠ


DF29RD

73 ܓ







6WDUWORFDWLRQLQ1$73


$F9LBamp


$F9LBamp


$F9LBamp ܙ ܐ

NDOLYLUXWWDP D9L









SRHW










J NDOLWWXЩDL SRHW$


SRHW




QGWKHSRHWVDUH$ت










727$ GLVWLQFWPHWUHV










0HWULFDOVSHFLFDWLRQ


















7LUXYHPSAtildeYDL





727$












Metre amp$0(hymns)

$33K

amp81K

1$0(stanzas)

75VW

3(5VW

AcircҫVW

8VW

0AcircVW

ampKDUWQXPEHU



FDW

NDOLYLUXWWDP

KVW






100

NDOLWWXЩDL KVW

NDOLQLODLWWXЩDL



WDUDYXNRFFDNDP


30


YDsup3FLYLUXWWDP

YDsup3FLWWXЩDL

AtildeFLULDWWXЩDL


VW


YHБзXЩDL

YHБFHQWXЩDL


NDOLWWAtildeЅLFDL










87


AtildeFLULDPgtIQO


ampKDUWON

FDWVHFW










YHБзXЩDLgtlt$


NDOLWWXЩDLlt$


YHЁLYLUXWWDPgtlt$


NDOLYLUXWWDPgtlt$





































2WKHUVRXUFHV














6HFRQGDUVRXUFHV











































































ܐܐܒܒܒܒܒܒܒ






ܐܐܐܐܐܘܐܐ






YHБFHQWXЩDL ܠܒ

0L[HGPHWUH ܓܒ






ܘܕXSWRܕDQGRPܓ






RPܓXSWRܜܓ



ܗܓ


ܣܓ

NDOLWWXЩDL ܐܓ

























HQJWKLQVWDQ]DV

1XPEHURIKPQV




















1a

2a

3a

4a

1b

2b

3b

4b

1c

2c

3c

4c

1d

2d

3d

4d

1a

2a

3a

4a

1b

2b

3b

4b

1c

2c

3c

4c

1d

2d

3d

4d

1e

2e

3e

4e










6HH83RSHة

1a

2a

3a

4a

1b

2b

3b

4b

1c

2c

3c

4c

1d

2d

3d



1a

2a

3a

4a

1b

2b

3b

4b

1c

2c

3c

4c

1d

2d

3d






























6HH)LJXUH

YHБзDЁDL 12














































































˲

DVFDQEHVHHQLQت




































PHWUH SDБPHORG



ORFDOQXPEHULQJ

JOREDOQXPEHULQJ

1$73

lt(6 lt(6 lt(6 lt(6 lt(6 lt(6 12

1$73ظ

12 lt(6 lt(6 12 12 lt(6 lt(6

1$73gt

lt(6 12 12 12 12 lt(6 lt(6



1$73gt

12 12 12 12 12 12 lt(6

1$73gt







3374




3075



ܖ


7DRD ܒܐܘܓܓ




$FL9LBF ܙܘܗܖܔ












FiacuteUV9D7X

FiacuteUV9D9L

FiacuteUVD9L

FiacuteUVD1L7X

FiacuteUV$FL9LBF

FiacuteUV$FL9LBF

FiacuteUV$FL9LBF
















2032



2052






1908



12481658




YHБзXЩDL 9H7X ܙ










FiacuteUV9D7X

FiacuteUV9D9L

FiacuteUVD9L

FiacuteUVD1L7X

FiacuteUV$FL9LBF

FiacuteUV$FL9LBF

FiacuteUV$FL9LBF









ܒ





ܒ


ܖ



ܗ




ܘ


ܡ




ܐ





6WDUWORFDWLRQLQ1$73


$F9LBamp 17ܝ ܖ


$F9LBamp 17ܔ ܔ


$F9LBamp 17ܛ ܠ


DF29RD

73 ܓ







6WDUWORFDWLRQLQ1$73


$F9LBamp


$F9LBamp


$F9LBamp ܙ ܐ

NDOLYLUXWWDP D9L









SRHW










J NDOLWWXЩDL SRHW$


SRHW




QGWKHSRHWVDUH$ت










727$ GLVWLQFWPHWUHV










0HWULFDOVSHFLFDWLRQ


















7LUXYHPSAtildeYDL





727$












Metre amp$0(hymns)

$33K

amp81K

1$0(stanzas)

75VW

3(5VW

AcircҫVW

8VW

0AcircVW

ampKDUWQXPEHU



FDW

NDOLYLUXWWDP

KVW






100

NDOLWWXЩDL KVW

NDOLQLODLWWXЩDL



WDUDYXNRFFDNDP


30


YDsup3FLYLUXWWDP

YDsup3FLWWXЩDL

AtildeFLULDWWXЩDL


VW


YHБзXЩDL

YHБFHQWXЩDL


NDOLWWAtildeЅLFDL










87


AtildeFLULDPgtIQO


ampKDUWON

FDWVHFW










YHБзXЩDLgtlt$


NDOLWWXЩDLlt$


YHЁLYLUXWWDPgtlt$


NDOLYLUXWWDPgtlt$





































2WKHUVRXUFHV














6HFRQGDUVRXUFHV














































ܐܐܐܐܐܘܐܐ






YHБFHQWXЩDL ܠܒ

0L[HGPHWUH ܓܒ






ܘܕXSWRܕDQGRPܓ






RPܓXSWRܜܓ



ܗܓ


ܣܓ

NDOLWWXЩDL ܐܓ

























HQJWKLQVWDQ]DV

1XPEHURIKPQV




















1a

2a

3a

4a

1b

2b

3b

4b

1c

2c

3c

4c

1d

2d

3d

4d

1a

2a

3a

4a

1b

2b

3b

4b

1c

2c

3c

4c

1d

2d

3d

4d

1e

2e

3e

4e










6HH83RSHة

1a

2a

3a

4a

1b

2b

3b

4b

1c

2c

3c

4c

1d

2d

3d



1a

2a

3a

4a

1b

2b

3b

4b

1c

2c

3c

4c

1d

2d

3d






























6HH)LJXUH

YHБзDЁDL 12














































































˲

DVFDQEHVHHQLQت




































PHWUH SDБPHORG



ORFDOQXPEHULQJ

JOREDOQXPEHULQJ

1$73

lt(6 lt(6 lt(6 lt(6 lt(6 lt(6 12

1$73ظ

12 lt(6 lt(6 12 12 lt(6 lt(6

1$73gt

lt(6 12 12 12 12 lt(6 lt(6



1$73gt

12 12 12 12 12 12 lt(6

1$73gt







3374




3075



ܖ


7DRD ܒܐܘܓܓ




$FL9LBF ܙܘܗܖܔ












FiacuteUV9D7X

FiacuteUV9D9L

FiacuteUVD9L

FiacuteUVD1L7X

FiacuteUV$FL9LBF

FiacuteUV$FL9LBF

FiacuteUV$FL9LBF
















2032



2052






1908



12481658




YHБзXЩDL 9H7X ܙ










FiacuteUV9D7X

FiacuteUV9D9L

FiacuteUVD9L

FiacuteUVD1L7X

FiacuteUV$FL9LBF

FiacuteUV$FL9LBF

FiacuteUV$FL9LBF









ܒ





ܒ


ܖ



ܗ




ܘ


ܡ




ܐ





6WDUWORFDWLRQLQ1$73


$F9LBamp 17ܝ ܖ


$F9LBamp 17ܔ ܔ


$F9LBamp 17ܛ ܠ


DF29RD

73 ܓ







6WDUWORFDWLRQLQ1$73


$F9LBamp


$F9LBamp


$F9LBamp ܙ ܐ

NDOLYLUXWWDP D9L









SRHW










J NDOLWWXЩDL SRHW$


SRHW




QGWKHSRHWVDUH$ت










727$ GLVWLQFWPHWUHV










0HWULFDOVSHFLFDWLRQ


















7LUXYHPSAtildeYDL





727$












Metre amp$0(hymns)

$33K

amp81K

1$0(stanzas)

75VW

3(5VW

AcircҫVW

8VW

0AcircVW

ampKDUWQXPEHU



FDW

NDOLYLUXWWDP

KVW






100

NDOLWWXЩDL KVW

NDOLQLODLWWXЩDL



WDUDYXNRFFDNDP


30


YDsup3FLYLUXWWDP

YDsup3FLWWXЩDL

AtildeFLULDWWXЩDL


VW


YHБзXЩDL

YHБFHQWXЩDL


NDOLWWAtildeЅLFDL










87


AtildeFLULDPgtIQO


ampKDUWON

FDWVHFW










YHБзXЩDLgtlt$


NDOLWWXЩDLlt$


YHЁLYLUXWWDPgtlt$


NDOLYLUXWWDPgtlt$





































2WKHUVRXUFHV














6HFRQGDUVRXUFHV












































RPܓXSWRܜܓ



ܗܓ


ܣܓ

NDOLWWXЩDL ܐܓ

























HQJWKLQVWDQ]DV

1XPEHURIKPQV




















1a

2a

3a

4a

1b

2b

3b

4b

1c

2c

3c

4c

1d

2d

3d

4d

1a

2a

3a

4a

1b

2b

3b

4b

1c

2c

3c

4c

1d

2d

3d

4d

1e

2e

3e

4e










6HH83RSHة

1a

2a

3a

4a

1b

2b

3b

4b

1c

2c

3c

4c

1d

2d

3d



1a

2a

3a

4a

1b

2b

3b

4b

1c

2c

3c

4c

1d

2d

3d






























6HH)LJXUH

YHБзDЁDL 12














































































˲

DVFDQEHVHHQLQت




































PHWUH SDБPHORG



ORFDOQXPEHULQJ

JOREDOQXPEHULQJ

1$73

lt(6 lt(6 lt(6 lt(6 lt(6 lt(6 12

1$73ظ

12 lt(6 lt(6 12 12 lt(6 lt(6

1$73gt

lt(6 12 12 12 12 lt(6 lt(6



1$73gt

12 12 12 12 12 12 lt(6

1$73gt







3374




3075



ܖ


7DRD ܒܐܘܓܓ




$FL9LBF ܙܘܗܖܔ












FiacuteUV9D7X

FiacuteUV9D9L

FiacuteUVD9L

FiacuteUVD1L7X

FiacuteUV$FL9LBF

FiacuteUV$FL9LBF

FiacuteUV$FL9LBF
















2032



2052






1908



12481658




YHБзXЩDL 9H7X ܙ










FiacuteUV9D7X

FiacuteUV9D9L

FiacuteUVD9L

FiacuteUVD1L7X

FiacuteUV$FL9LBF

FiacuteUV$FL9LBF

FiacuteUV$FL9LBF









ܒ





ܒ


ܖ



ܗ




ܘ


ܡ




ܐ





6WDUWORFDWLRQLQ1$73


$F9LBamp 17ܝ ܖ


$F9LBamp 17ܔ ܔ


$F9LBamp 17ܛ ܠ


DF29RD

73 ܓ







6WDUWORFDWLRQLQ1$73


$F9LBamp


$F9LBamp


$F9LBamp ܙ ܐ

NDOLYLUXWWDP D9L









SRHW










J NDOLWWXЩDL SRHW$


SRHW




QGWKHSRHWVDUH$ت










727$ GLVWLQFWPHWUHV










0HWULFDOVSHFLFDWLRQ


















7LUXYHPSAtildeYDL





727$












Metre amp$0(hymns)

$33K

amp81K

1$0(stanzas)

75VW

3(5VW

AcircҫVW

8VW

0AcircVW

ampKDUWQXPEHU



FDW

NDOLYLUXWWDP

KVW






100

NDOLWWXЩDL KVW

NDOLQLODLWWXЩDL



WDUDYXNRFFDNDP


30


YDsup3FLYLUXWWDP

YDsup3FLWWXЩDL

AtildeFLULDWWXЩDL


VW


YHБзXЩDL

YHБFHQWXЩDL


NDOLWWAtildeЅLFDL










87


AtildeFLULDPgtIQO


ampKDUWON

FDWVHFW










YHБзXЩDLgtlt$


NDOLWWXЩDLlt$


YHЁLYLUXWWDPgtlt$


NDOLYLUXWWDPgtlt$





































2WKHUVRXUFHV














6HFRQGDUVRXUFHV

























































HQJWKLQVWDQ]DV

1XPEHURIKPQV




















1a

2a

3a

4a

1b

2b

3b

4b

1c

2c

3c

4c

1d

2d

3d

4d

1a

2a

3a

4a

1b

2b

3b

4b

1c

2c

3c

4c

1d

2d

3d

4d

1e

2e

3e

4e










6HH83RSHة

1a

2a

3a

4a

1b

2b

3b

4b

1c

2c

3c

4c

1d

2d

3d



1a

2a

3a

4a

1b

2b

3b

4b

1c

2c

3c

4c

1d

2d

3d






























6HH)LJXUH

YHБзDЁDL 12














































































˲

DVFDQEHVHHQLQت




































PHWUH SDБPHORG



ORFDOQXPEHULQJ

JOREDOQXPEHULQJ

1$73

lt(6 lt(6 lt(6 lt(6 lt(6 lt(6 12

1$73ظ

12 lt(6 lt(6 12 12 lt(6 lt(6

1$73gt

lt(6 12 12 12 12 lt(6 lt(6



1$73gt

12 12 12 12 12 12 lt(6

1$73gt







3374




3075



ܖ


7DRD ܒܐܘܓܓ




$FL9LBF ܙܘܗܖܔ












FiacuteUV9D7X

FiacuteUV9D9L

FiacuteUVD9L

FiacuteUVD1L7X

FiacuteUV$FL9LBF

FiacuteUV$FL9LBF

FiacuteUV$FL9LBF
















2032



2052






1908



12481658




YHБзXЩDL 9H7X ܙ










FiacuteUV9D7X

FiacuteUV9D9L

FiacuteUVD9L

FiacuteUVD1L7X

FiacuteUV$FL9LBF

FiacuteUV$FL9LBF

FiacuteUV$FL9LBF









ܒ





ܒ


ܖ



ܗ




ܘ


ܡ




ܐ





6WDUWORFDWLRQLQ1$73


$F9LBamp 17ܝ ܖ


$F9LBamp 17ܔ ܔ


$F9LBamp 17ܛ ܠ


DF29RD

73 ܓ







6WDUWORFDWLRQLQ1$73


$F9LBamp


$F9LBamp


$F9LBamp ܙ ܐ

NDOLYLUXWWDP D9L









SRHW










J NDOLWWXЩDL SRHW$


SRHW




QGWKHSRHWVDUH$ت










727$ GLVWLQFWPHWUHV










0HWULFDOVSHFLFDWLRQ


















7LUXYHPSAtildeYDL





727$












Metre amp$0(hymns)

$33K

amp81K

1$0(stanzas)

75VW

3(5VW

AcircҫVW

8VW

0AcircVW

ampKDUWQXPEHU



FDW

NDOLYLUXWWDP

KVW






100

NDOLWWXЩDL KVW

NDOLQLODLWWXЩDL



WDUDYXNRFFDNDP


30


YDsup3FLYLUXWWDP

YDsup3FLWWXЩDL

AtildeFLULDWWXЩDL


VW


YHБзXЩDL

YHБFHQWXЩDL


NDOLWWAtildeЅLFDL










87


AtildeFLULDPgtIQO


ampKDUWON

FDWVHFW










YHБзXЩDLgtlt$


NDOLWWXЩDLlt$


YHЁLYLUXWWDPgtlt$


NDOLYLUXWWDPgtlt$





































2WKHUVRXUFHV














6HFRQGDUVRXUFHV



























































1a

2a

3a

4a

1b

2b

3b

4b

1c

2c

3c

4c

1d

2d

3d

4d

1a

2a

3a

4a

1b

2b

3b

4b

1c

2c

3c

4c

1d

2d

3d

4d

1e

2e

3e

4e










6HH83RSHة

1a

2a

3a

4a

1b

2b

3b

4b

1c

2c

3c

4c

1d

2d

3d



1a

2a

3a

4a

1b

2b

3b

4b

1c

2c

3c

4c

1d

2d

3d






























6HH)LJXUH

YHБзDЁDL 12














































































˲

DVFDQEHVHHQLQت




































PHWUH SDБPHORG



ORFDOQXPEHULQJ

JOREDOQXPEHULQJ

1$73

lt(6 lt(6 lt(6 lt(6 lt(6 lt(6 12

1$73ظ

12 lt(6 lt(6 12 12 lt(6 lt(6

1$73gt

lt(6 12 12 12 12 lt(6 lt(6



1$73gt

12 12 12 12 12 12 lt(6

1$73gt







3374




3075



ܖ


7DRD ܒܐܘܓܓ




$FL9LBF ܙܘܗܖܔ












FiacuteUV9D7X

FiacuteUV9D9L

FiacuteUVD9L

FiacuteUVD1L7X

FiacuteUV$FL9LBF

FiacuteUV$FL9LBF

FiacuteUV$FL9LBF
















2032



2052






1908



12481658




YHБзXЩDL 9H7X ܙ










FiacuteUV9D7X

FiacuteUV9D9L

FiacuteUVD9L

FiacuteUVD1L7X

FiacuteUV$FL9LBF

FiacuteUV$FL9LBF

FiacuteUV$FL9LBF









ܒ





ܒ


ܖ



ܗ




ܘ


ܡ




ܐ





6WDUWORFDWLRQLQ1$73


$F9LBamp 17ܝ ܖ


$F9LBamp 17ܔ ܔ


$F9LBamp 17ܛ ܠ


DF29RD

73 ܓ







6WDUWORFDWLRQLQ1$73


$F9LBamp


$F9LBamp


$F9LBamp ܙ ܐ

NDOLYLUXWWDP D9L









SRHW










J NDOLWWXЩDL SRHW$


SRHW




QGWKHSRHWVDUH$ت










727$ GLVWLQFWPHWUHV










0HWULFDOVSHFLFDWLRQ


















7LUXYHPSAtildeYDL





727$












Metre amp$0(hymns)

$33K

amp81K

1$0(stanzas)

75VW

3(5VW

AcircҫVW

8VW

0AcircVW

ampKDUWQXPEHU



FDW

NDOLYLUXWWDP

KVW






100

NDOLWWXЩDL KVW

NDOLQLODLWWXЩDL



WDUDYXNRFFDNDP


30


YDsup3FLYLUXWWDP

YDsup3FLWWXЩDL

AtildeFLULDWWXЩDL


VW


YHБзXЩDL

YHБFHQWXЩDL


NDOLWWAtildeЅLFDL










87


AtildeFLULDPgtIQO


ampKDUWON

FDWVHFW










YHБзXЩDLgtlt$


NDOLWWXЩDLlt$


YHЁLYLUXWWDPgtlt$


NDOLYLUXWWDPgtlt$





































2WKHUVRXUFHV














6HFRQGDUVRXUFHV

















































6HH83RSHة

1a

2a

3a

4a

1b

2b

3b

4b

1c

2c

3c

4c

1d

2d

3d



1a

2a

3a

4a

1b

2b

3b

4b

1c

2c

3c

4c

1d

2d

3d






























6HH)LJXUH

YHБзDЁDL 12














































































˲

DVFDQEHVHHQLQت




































PHWUH SDБPHORG



ORFDOQXPEHULQJ

JOREDOQXPEHULQJ

1$73

lt(6 lt(6 lt(6 lt(6 lt(6 lt(6 12

1$73ظ

12 lt(6 lt(6 12 12 lt(6 lt(6

1$73gt

lt(6 12 12 12 12 lt(6 lt(6



1$73gt

12 12 12 12 12 12 lt(6

1$73gt







3374




3075



ܖ


7DRD ܒܐܘܓܓ




$FL9LBF ܙܘܗܖܔ












FiacuteUV9D7X

FiacuteUV9D9L

FiacuteUVD9L

FiacuteUVD1L7X

FiacuteUV$FL9LBF

FiacuteUV$FL9LBF

FiacuteUV$FL9LBF
















2032



2052






1908



12481658




YHБзXЩDL 9H7X ܙ










FiacuteUV9D7X

FiacuteUV9D9L

FiacuteUVD9L

FiacuteUVD1L7X

FiacuteUV$FL9LBF

FiacuteUV$FL9LBF

FiacuteUV$FL9LBF









ܒ





ܒ


ܖ



ܗ




ܘ


ܡ




ܐ





6WDUWORFDWLRQLQ1$73


$F9LBamp 17ܝ ܖ


$F9LBamp 17ܔ ܔ


$F9LBamp 17ܛ ܠ


DF29RD

73 ܓ







6WDUWORFDWLRQLQ1$73


$F9LBamp


$F9LBamp


$F9LBamp ܙ ܐ

NDOLYLUXWWDP D9L









SRHW










J NDOLWWXЩDL SRHW$


SRHW




QGWKHSRHWVDUH$ت










727$ GLVWLQFWPHWUHV










0HWULFDOVSHFLFDWLRQ


















7LUXYHPSAtildeYDL





727$












Metre amp$0(hymns)

$33K

amp81K

1$0(stanzas)

75VW

3(5VW

AcircҫVW

8VW

0AcircVW

ampKDUWQXPEHU



FDW

NDOLYLUXWWDP

KVW






100

NDOLWWXЩDL KVW

NDOLQLODLWWXЩDL



WDUDYXNRFFDNDP


30


YDsup3FLYLUXWWDP

YDsup3FLWWXЩDL

AtildeFLULDWWXЩDL


VW


YHБзXЩDL

YHБFHQWXЩDL


NDOLWWAtildeЅLFDL










87


AtildeFLULDPgtIQO


ampKDUWON

FDWVHFW










YHБзXЩDLgtlt$


NDOLWWXЩDLlt$


YHЁLYLUXWWDPgtlt$


NDOLYLUXWWDPgtlt$





































2WKHUVRXUFHV














6HFRQGDUVRXUFHV







































































6HH)LJXUH

YHБзDЁDL 12














































































˲

DVFDQEHVHHQLQت




































PHWUH SDБPHORG



ORFDOQXPEHULQJ

JOREDOQXPEHULQJ

1$73

lt(6 lt(6 lt(6 lt(6 lt(6 lt(6 12

1$73ظ

12 lt(6 lt(6 12 12 lt(6 lt(6

1$73gt

lt(6 12 12 12 12 lt(6 lt(6



1$73gt

12 12 12 12 12 12 lt(6

1$73gt







3374




3075



ܖ


7DRD ܒܐܘܓܓ




$FL9LBF ܙܘܗܖܔ












FiacuteUV9D7X

FiacuteUV9D9L

FiacuteUVD9L

FiacuteUVD1L7X

FiacuteUV$FL9LBF

FiacuteUV$FL9LBF

FiacuteUV$FL9LBF
















2032



2052






1908



12481658




YHБзXЩDL 9H7X ܙ










FiacuteUV9D7X

FiacuteUV9D9L

FiacuteUVD9L

FiacuteUVD1L7X

FiacuteUV$FL9LBF

FiacuteUV$FL9LBF

FiacuteUV$FL9LBF









ܒ





ܒ


ܖ



ܗ




ܘ


ܡ




ܐ





6WDUWORFDWLRQLQ1$73


$F9LBamp 17ܝ ܖ


$F9LBamp 17ܔ ܔ


$F9LBamp 17ܛ ܠ


DF29RD

73 ܓ







6WDUWORFDWLRQLQ1$73


$F9LBamp


$F9LBamp


$F9LBamp ܙ ܐ

NDOLYLUXWWDP D9L









SRHW










J NDOLWWXЩDL SRHW$


SRHW




QGWKHSRHWVDUH$ت










727$ GLVWLQFWPHWUHV










0HWULFDOVSHFLFDWLRQ


















7LUXYHPSAtildeYDL





727$












Metre amp$0(hymns)

$33K

amp81K

1$0(stanzas)

75VW

3(5VW

AcircҫVW

8VW

0AcircVW

ampKDUWQXPEHU



FDW

NDOLYLUXWWDP

KVW






100

NDOLWWXЩDL KVW

NDOLQLODLWWXЩDL



WDUDYXNRFFDNDP


30


YDsup3FLYLUXWWDP

YDsup3FLWWXЩDL

AtildeFLULDWWXЩDL


VW


YHБзXЩDL

YHБFHQWXЩDL


NDOLWWAtildeЅLFDL










87


AtildeFLULDPgtIQO


ampKDUWON

FDWVHFW










YHБзXЩDLgtlt$


NDOLWWXЩDLlt$


YHЁLYLUXWWDPgtlt$


NDOLYLUXWWDPgtlt$





































2WKHUVRXUFHV














6HFRQGDUVRXUFHV



















































































































˲

DVFDQEHVHHQLQت




































PHWUH SDБPHORG



ORFDOQXPEHULQJ

JOREDOQXPEHULQJ

1$73

lt(6 lt(6 lt(6 lt(6 lt(6 lt(6 12

1$73ظ

12 lt(6 lt(6 12 12 lt(6 lt(6

1$73gt

lt(6 12 12 12 12 lt(6 lt(6



1$73gt

12 12 12 12 12 12 lt(6

1$73gt







3374




3075



ܖ


7DRD ܒܐܘܓܓ




$FL9LBF ܙܘܗܖܔ












FiacuteUV9D7X

FiacuteUV9D9L

FiacuteUVD9L

FiacuteUVD1L7X

FiacuteUV$FL9LBF

FiacuteUV$FL9LBF

FiacuteUV$FL9LBF
















2032



2052






1908



12481658




YHБзXЩDL 9H7X ܙ










FiacuteUV9D7X

FiacuteUV9D9L

FiacuteUVD9L

FiacuteUVD1L7X

FiacuteUV$FL9LBF

FiacuteUV$FL9LBF

FiacuteUV$FL9LBF









ܒ





ܒ


ܖ



ܗ




ܘ


ܡ




ܐ





6WDUWORFDWLRQLQ1$73


$F9LBamp 17ܝ ܖ


$F9LBamp 17ܔ ܔ


$F9LBamp 17ܛ ܠ


DF29RD

73 ܓ







6WDUWORFDWLRQLQ1$73


$F9LBamp


$F9LBamp


$F9LBamp ܙ ܐ

NDOLYLUXWWDP D9L









SRHW










J NDOLWWXЩDL SRHW$


SRHW




QGWKHSRHWVDUH$ت










727$ GLVWLQFWPHWUHV










0HWULFDOVSHFLFDWLRQ


















7LUXYHPSAtildeYDL





727$












Metre amp$0(hymns)

$33K

amp81K

1$0(stanzas)

75VW

3(5VW

AcircҫVW

8VW

0AcircVW

ampKDUWQXPEHU



FDW

NDOLYLUXWWDP

KVW






100

NDOLWWXЩDL KVW

NDOLQLODLWWXЩDL



WDUDYXNRFFDNDP


30


YDsup3FLYLUXWWDP

YDsup3FLWWXЩDL

AtildeFLULDWWXЩDL


VW


YHБзXЩDL

YHБFHQWXЩDL


NDOLWWAtildeЅLFDL










87


AtildeFLULDPgtIQO


ampKDUWON

FDWVHFW










YHБзXЩDLgtlt$


NDOLWWXЩDLlt$


YHЁLYLUXWWDPgtlt$


NDOLYLUXWWDPgtlt$





































2WKHUVRXUFHV














6HFRQGDUVRXUFHV










































































PHWUH SDБPHORG



ORFDOQXPEHULQJ

JOREDOQXPEHULQJ

1$73

lt(6 lt(6 lt(6 lt(6 lt(6 lt(6 12

1$73ظ

12 lt(6 lt(6 12 12 lt(6 lt(6

1$73gt

lt(6 12 12 12 12 lt(6 lt(6



1$73gt

12 12 12 12 12 12 lt(6

1$73gt







3374




3075



ܖ


7DRD ܒܐܘܓܓ




$FL9LBF ܙܘܗܖܔ












FiacuteUV9D7X

FiacuteUV9D9L

FiacuteUVD9L

FiacuteUVD1L7X

FiacuteUV$FL9LBF

FiacuteUV$FL9LBF

FiacuteUV$FL9LBF
















2032



2052






1908



12481658




YHБзXЩDL 9H7X ܙ










FiacuteUV9D7X

FiacuteUV9D9L

FiacuteUVD9L

FiacuteUVD1L7X

FiacuteUV$FL9LBF

FiacuteUV$FL9LBF

FiacuteUV$FL9LBF









ܒ





ܒ


ܖ



ܗ




ܘ


ܡ




ܐ





6WDUWORFDWLRQLQ1$73


$F9LBamp 17ܝ ܖ


$F9LBamp 17ܔ ܔ


$F9LBamp 17ܛ ܠ


DF29RD

73 ܓ







6WDUWORFDWLRQLQ1$73


$F9LBamp


$F9LBamp


$F9LBamp ܙ ܐ

NDOLYLUXWWDP D9L









SRHW










J NDOLWWXЩDL SRHW$


SRHW




QGWKHSRHWVDUH$ت










727$ GLVWLQFWPHWUHV










0HWULFDOVSHFLFDWLRQ


















7LUXYHPSAtildeYDL





727$












Metre amp$0(hymns)

$33K

amp81K

1$0(stanzas)

75VW

3(5VW

AcircҫVW

8VW

0AcircVW

ampKDUWQXPEHU



FDW

NDOLYLUXWWDP

KVW






100

NDOLWWXЩDL KVW

NDOLQLODLWWXЩDL



WDUDYXNRFFDNDP


30


YDsup3FLYLUXWWDP

YDsup3FLWWXЩDL

AtildeFLULDWWXЩDL


VW


YHБзXЩDL

YHБFHQWXЩDL


NDOLWWAtildeЅLFDL










87


AtildeFLULDPgtIQO


ampKDUWON

FDWVHFW










YHБзXЩDLgtlt$


NDOLWWXЩDLlt$


YHЁLYLUXWWDPgtlt$


NDOLYLUXWWDPgtlt$





































2WKHUVRXUFHV














6HFRQGDUVRXUFHV











































1$73gt

12 12 12 12 12 12 lt(6

1$73gt







3374




3075



ܖ


7DRD ܒܐܘܓܓ




$FL9LBF ܙܘܗܖܔ












FiacuteUV9D7X

FiacuteUV9D9L

FiacuteUVD9L

FiacuteUVD1L7X

FiacuteUV$FL9LBF

FiacuteUV$FL9LBF

FiacuteUV$FL9LBF
















2032



2052






1908



12481658




YHБзXЩDL 9H7X ܙ










FiacuteUV9D7X

FiacuteUV9D9L

FiacuteUVD9L

FiacuteUVD1L7X

FiacuteUV$FL9LBF

FiacuteUV$FL9LBF

FiacuteUV$FL9LBF









ܒ





ܒ


ܖ



ܗ




ܘ


ܡ




ܐ





6WDUWORFDWLRQLQ1$73


$F9LBamp 17ܝ ܖ


$F9LBamp 17ܔ ܔ


$F9LBamp 17ܛ ܠ


DF29RD

73 ܓ







6WDUWORFDWLRQLQ1$73


$F9LBamp


$F9LBamp


$F9LBamp ܙ ܐ

NDOLYLUXWWDP D9L









SRHW










J NDOLWWXЩDL SRHW$


SRHW




QGWKHSRHWVDUH$ت










727$ GLVWLQFWPHWUHV










0HWULFDOVSHFLFDWLRQ


















7LUXYHPSAtildeYDL





727$












Metre amp$0(hymns)

$33K

amp81K

1$0(stanzas)

75VW

3(5VW

AcircҫVW

8VW

0AcircVW

ampKDUWQXPEHU



FDW

NDOLYLUXWWDP

KVW






100

NDOLWWXЩDL KVW

NDOLQLODLWWXЩDL



WDUDYXNRFFDNDP


30


YDsup3FLYLUXWWDP

YDsup3FLWWXЩDL

AtildeFLULDWWXЩDL


VW


YHБзXЩDL

YHБFHQWXЩDL


NDOLWWAtildeЅLFDL










87


AtildeFLULDPgtIQO


ampKDUWON

FDWVHFW










YHБзXЩDLgtlt$


NDOLWWXЩDLlt$


YHЁLYLUXWWDPgtlt$


NDOLYLUXWWDPgtlt$





































2WKHUVRXUFHV














6HFRQGDUVRXUFHV












































3075



ܖ


7DRD ܒܐܘܓܓ




$FL9LBF ܙܘܗܖܔ












FiacuteUV9D7X

FiacuteUV9D9L

FiacuteUVD9L

FiacuteUVD1L7X

FiacuteUV$FL9LBF

FiacuteUV$FL9LBF

FiacuteUV$FL9LBF
















2032



2052






1908



12481658




YHБзXЩDL 9H7X ܙ










FiacuteUV9D7X

FiacuteUV9D9L

FiacuteUVD9L

FiacuteUVD1L7X

FiacuteUV$FL9LBF

FiacuteUV$FL9LBF

FiacuteUV$FL9LBF









ܒ





ܒ


ܖ



ܗ




ܘ


ܡ




ܐ





6WDUWORFDWLRQLQ1$73


$F9LBamp 17ܝ ܖ


$F9LBamp 17ܔ ܔ


$F9LBamp 17ܛ ܠ


DF29RD

73 ܓ







6WDUWORFDWLRQLQ1$73


$F9LBamp


$F9LBamp


$F9LBamp ܙ ܐ

NDOLYLUXWWDP D9L









SRHW










J NDOLWWXЩDL SRHW$


SRHW




QGWKHSRHWVDUH$ت










727$ GLVWLQFWPHWUHV










0HWULFDOVSHFLFDWLRQ


















7LUXYHPSAtildeYDL





727$












Metre amp$0(hymns)

$33K

amp81K

1$0(stanzas)

75VW

3(5VW

AcircҫVW

8VW

0AcircVW

ampKDUWQXPEHU



FDW

NDOLYLUXWWDP

KVW






100

NDOLWWXЩDL KVW

NDOLQLODLWWXЩDL



WDUDYXNRFFDNDP


30


YDsup3FLYLUXWWDP

YDsup3FLWWXЩDL

AtildeFLULDWWXЩDL


VW


YHБзXЩDL

YHБFHQWXЩDL


NDOLWWAtildeЅLFDL










87


AtildeFLULDPgtIQO


ampKDUWON

FDWVHFW










YHБзXЩDLgtlt$


NDOLWWXЩDLlt$


YHЁLYLUXWWDPgtlt$


NDOLYLUXWWDPgtlt$





































2WKHUVRXUFHV














6HFRQGDUVRXUFHV














































FiacuteUV9D7X

FiacuteUV9D9L

FiacuteUVD9L

FiacuteUVD1L7X

FiacuteUV$FL9LBF

FiacuteUV$FL9LBF

FiacuteUV$FL9LBF
















2032



2052






1908



12481658




YHБзXЩDL 9H7X ܙ










FiacuteUV9D7X

FiacuteUV9D9L

FiacuteUVD9L

FiacuteUVD1L7X

FiacuteUV$FL9LBF

FiacuteUV$FL9LBF

FiacuteUV$FL9LBF









ܒ





ܒ


ܖ



ܗ




ܘ


ܡ




ܐ





6WDUWORFDWLRQLQ1$73


$F9LBamp 17ܝ ܖ


$F9LBamp 17ܔ ܔ


$F9LBamp 17ܛ ܠ


DF29RD

73 ܓ







6WDUWORFDWLRQLQ1$73


$F9LBamp


$F9LBamp


$F9LBamp ܙ ܐ

NDOLYLUXWWDP D9L









SRHW










J NDOLWWXЩDL SRHW$


SRHW




QGWKHSRHWVDUH$ت










727$ GLVWLQFWPHWUHV










0HWULFDOVSHFLFDWLRQ


















7LUXYHPSAtildeYDL





727$












Metre amp$0(hymns)

$33K

amp81K

1$0(stanzas)

75VW

3(5VW

AcircҫVW

8VW

0AcircVW

ampKDUWQXPEHU



FDW

NDOLYLUXWWDP

KVW






100

NDOLWWXЩDL KVW

NDOLQLODLWWXЩDL



WDUDYXNRFFDNDP


30


YDsup3FLYLUXWWDP

YDsup3FLWWXЩDL

AtildeFLULDWWXЩDL


VW


YHБзXЩDL

YHБFHQWXЩDL


NDOLWWAtildeЅLFDL










87


AtildeFLULDPgtIQO


ampKDUWON

FDWVHFW










YHБзXЩDLgtlt$


NDOLWWXЩDLlt$


YHЁLYLUXWWDPgtlt$


NDOLYLUXWWDPgtlt$





































2WKHUVRXUFHV














6HFRQGDUVRXUFHV



















































2032



2052






1908



12481658




YHБзXЩDL 9H7X ܙ










FiacuteUV9D7X

FiacuteUV9D9L

FiacuteUVD9L

FiacuteUVD1L7X

FiacuteUV$FL9LBF

FiacuteUV$FL9LBF

FiacuteUV$FL9LBF









ܒ





ܒ


ܖ



ܗ




ܘ


ܡ




ܐ





6WDUWORFDWLRQLQ1$73


$F9LBamp 17ܝ ܖ


$F9LBamp 17ܔ ܔ


$F9LBamp 17ܛ ܠ


DF29RD

73 ܓ







6WDUWORFDWLRQLQ1$73


$F9LBamp


$F9LBamp


$F9LBamp ܙ ܐ

NDOLYLUXWWDP D9L









SRHW










J NDOLWWXЩDL SRHW$


SRHW




QGWKHSRHWVDUH$ت










727$ GLVWLQFWPHWUHV










0HWULFDOVSHFLFDWLRQ


















7LUXYHPSAtildeYDL





727$












Metre amp$0(hymns)

$33K

amp81K

1$0(stanzas)

75VW

3(5VW

AcircҫVW

8VW

0AcircVW

ampKDUWQXPEHU



FDW

NDOLYLUXWWDP

KVW






100

NDOLWWXЩDL KVW

NDOLQLODLWWXЩDL



WDUDYXNRFFDNDP


30


YDsup3FLYLUXWWDP

YDsup3FLWWXЩDL

AtildeFLULDWWXЩDL


VW


YHБзXЩDL

YHБFHQWXЩDL


NDOLWWAtildeЅLFDL










87


AtildeFLULDPgtIQO


ampKDUWON

FDWVHFW










YHБзXЩDLgtlt$


NDOLWWXЩDLlt$


YHЁLYLUXWWDPgtlt$


NDOLYLUXWWDPgtlt$





































2WKHUVRXUFHV














6HFRQGDUVRXUFHV














































1908



12481658




YHБзXЩDL 9H7X ܙ










FiacuteUV9D7X

FiacuteUV9D9L

FiacuteUVD9L

FiacuteUVD1L7X

FiacuteUV$FL9LBF

FiacuteUV$FL9LBF

FiacuteUV$FL9LBF









ܒ





ܒ


ܖ



ܗ




ܘ


ܡ




ܐ





6WDUWORFDWLRQLQ1$73


$F9LBamp 17ܝ ܖ


$F9LBamp 17ܔ ܔ


$F9LBamp 17ܛ ܠ


DF29RD

73 ܓ







6WDUWORFDWLRQLQ1$73


$F9LBamp


$F9LBamp


$F9LBamp ܙ ܐ

NDOLYLUXWWDP D9L









SRHW










J NDOLWWXЩDL SRHW$


SRHW




QGWKHSRHWVDUH$ت










727$ GLVWLQFWPHWUHV










0HWULFDOVSHFLFDWLRQ


















7LUXYHPSAtildeYDL





727$












Metre amp$0(hymns)

$33K

amp81K

1$0(stanzas)

75VW

3(5VW

AcircҫVW

8VW

0AcircVW

ampKDUWQXPEHU



FDW

NDOLYLUXWWDP

KVW






100

NDOLWWXЩDL KVW

NDOLQLODLWWXЩDL



WDUDYXNRFFDNDP


30


YDsup3FLYLUXWWDP

YDsup3FLWWXЩDL

AtildeFLULDWWXЩDL


VW


YHБзXЩDL

YHБFHQWXЩDL


NDOLWWAtildeЅLFDL










87


AtildeFLULDPgtIQO


ampKDUWON

FDWVHFW










YHБзXЩDLgtlt$


NDOLWWXЩDLlt$


YHЁLYLUXWWDPgtlt$


NDOLYLUXWWDPgtlt$





































2WKHUVRXUFHV














6HFRQGDUVRXUFHV














































FiacuteUV9D7X

FiacuteUV9D9L

FiacuteUVD9L

FiacuteUVD1L7X

FiacuteUV$FL9LBF

FiacuteUV$FL9LBF

FiacuteUV$FL9LBF









ܒ





ܒ


ܖ



ܗ




ܘ


ܡ




ܐ





6WDUWORFDWLRQLQ1$73


$F9LBamp 17ܝ ܖ


$F9LBamp 17ܔ ܔ


$F9LBamp 17ܛ ܠ


DF29RD

73 ܓ







6WDUWORFDWLRQLQ1$73


$F9LBamp


$F9LBamp


$F9LBamp ܙ ܐ

NDOLYLUXWWDP D9L









SRHW










J NDOLWWXЩDL SRHW$


SRHW




QGWKHSRHWVDUH$ت










727$ GLVWLQFWPHWUHV










0HWULFDOVSHFLFDWLRQ


















7LUXYHPSAtildeYDL





727$












Metre amp$0(hymns)

$33K

amp81K

1$0(stanzas)

75VW

3(5VW

AcircҫVW

8VW

0AcircVW

ampKDUWQXPEHU



FDW

NDOLYLUXWWDP

KVW






100

NDOLWWXЩDL KVW

NDOLQLODLWWXЩDL



WDUDYXNRFFDNDP


30


YDsup3FLYLUXWWDP

YDsup3FLWWXЩDL

AtildeFLULDWWXЩDL


VW


YHБзXЩDL

YHБFHQWXЩDL


NDOLWWAtildeЅLFDL










87


AtildeFLULDPgtIQO


ampKDUWON

FDWVHFW










YHБзXЩDLgtlt$


NDOLWWXЩDLlt$


YHЁLYLUXWWDPgtlt$


NDOLYLUXWWDPgtlt$





































2WKHUVRXUFHV














6HFRQGDUVRXUFHV













































ܒ


ܖ



ܗ




ܘ


ܡ




ܐ





6WDUWORFDWLRQLQ1$73


$F9LBamp 17ܝ ܖ


$F9LBamp 17ܔ ܔ


$F9LBamp 17ܛ ܠ


DF29RD

73 ܓ







6WDUWORFDWLRQLQ1$73


$F9LBamp


$F9LBamp


$F9LBamp ܙ ܐ

NDOLYLUXWWDP D9L









SRHW










J NDOLWWXЩDL SRHW$


SRHW




QGWKHSRHWVDUH$ت










727$ GLVWLQFWPHWUHV










0HWULFDOVSHFLFDWLRQ


















7LUXYHPSAtildeYDL





727$












Metre amp$0(hymns)

$33K

amp81K

1$0(stanzas)

75VW

3(5VW

AcircҫVW

8VW

0AcircVW

ampKDUWQXPEHU



FDW

NDOLYLUXWWDP

KVW






100

NDOLWWXЩDL KVW

NDOLQLODLWWXЩDL



WDUDYXNRFFDNDP


30


YDsup3FLYLUXWWDP

YDsup3FLWWXЩDL

AtildeFLULDWWXЩDL


VW


YHБзXЩDL

YHБFHQWXЩDL


NDOLWWAtildeЅLFDL










87


AtildeFLULDPgtIQO


ampKDUWON

FDWVHFW










YHБзXЩDLgtlt$


NDOLWWXЩDLlt$


YHЁLYLUXWWDPgtlt$


NDOLYLUXWWDPgtlt$





































2WKHUVRXUFHV














6HFRQGDUVRXUFHV
















































6WDUWORFDWLRQLQ1$73


$F9LBamp


$F9LBamp


$F9LBamp ܙ ܐ

NDOLYLUXWWDP D9L









SRHW










J NDOLWWXЩDL SRHW$


SRHW




QGWKHSRHWVDUH$ت










727$ GLVWLQFWPHWUHV










0HWULFDOVSHFLFDWLRQ


















7LUXYHPSAtildeYDL





727$












Metre amp$0(hymns)

$33K

amp81K

1$0(stanzas)

75VW

3(5VW

AcircҫVW

8VW

0AcircVW

ampKDUWQXPEHU



FDW

NDOLYLUXWWDP

KVW






100

NDOLWWXЩDL KVW

NDOLQLODLWWXЩDL



WDUDYXNRFFDNDP


30


YDsup3FLYLUXWWDP

YDsup3FLWWXЩDL

AtildeFLULDWWXЩDL


VW


YHБзXЩDL

YHБFHQWXЩDL


NDOLWWAtildeЅLFDL










87


AtildeFLULDPgtIQO


ampKDUWON

FDWVHFW










YHБзXЩDLgtlt$


NDOLWWXЩDLlt$


YHЁLYLUXWWDPgtlt$


NDOLYLUXWWDPgtlt$





































2WKHUVRXUFHV














6HFRQGDUVRXUFHV

















































J NDOLWWXЩDL SRHW$


SRHW




QGWKHSRHWVDUH$ت










727$ GLVWLQFWPHWUHV










0HWULFDOVSHFLFDWLRQ


















7LUXYHPSAtildeYDL





727$












Metre amp$0(hymns)

$33K

amp81K

1$0(stanzas)

75VW

3(5VW

AcircҫVW

8VW

0AcircVW

ampKDUWQXPEHU



FDW

NDOLYLUXWWDP

KVW






100

NDOLWWXЩDL KVW

NDOLQLODLWWXЩDL



WDUDYXNRFFDNDP


30


YDsup3FLYLUXWWDP

YDsup3FLWWXЩDL

AtildeFLULDWWXЩDL


VW


YHБзXЩDL

YHБFHQWXЩDL


NDOLWWAtildeЅLFDL










87


AtildeFLULDPgtIQO


ampKDUWON

FDWVHFW










YHБзXЩDLgtlt$


NDOLWWXЩDLlt$


YHЁLYLUXWWDPgtlt$


NDOLYLUXWWDPgtlt$





































2WKHUVRXUFHV














6HFRQGDUVRXUFHV

















































0HWULFDOVSHFLFDWLRQ


















7LUXYHPSAtildeYDL





727$












Metre amp$0(hymns)

$33K

amp81K

1$0(stanzas)

75VW

3(5VW

AcircҫVW

8VW

0AcircVW

ampKDUWQXPEHU



FDW

NDOLYLUXWWDP

KVW






100

NDOLWWXЩDL KVW

NDOLQLODLWWXЩDL



WDUDYXNRFFDNDP


30


YDsup3FLYLUXWWDP

YDsup3FLWWXЩDL

AtildeFLULDWWXЩDL


VW


YHБзXЩDL

YHБFHQWXЩDL


NDOLWWAtildeЅLFDL










87


AtildeFLULDPgtIQO


ampKDUWON

FDWVHFW










YHБзXЩDLgtlt$


NDOLWWXЩDLlt$


YHЁLYLUXWWDPgtlt$


NDOLYLUXWWDPgtlt$





































2WKHUVRXUFHV














6HFRQGDUVRXUFHV























































7LUXYHPSAtildeYDL





727$












Metre amp$0(hymns)

$33K

amp81K

1$0(stanzas)

75VW

3(5VW

AcircҫVW

8VW

0AcircVW

ampKDUWQXPEHU



FDW

NDOLYLUXWWDP

KVW






100

NDOLWWXЩDL KVW

NDOLQLODLWWXЩDL



WDUDYXNRFFDNDP


30


YDsup3FLYLUXWWDP

YDsup3FLWWXЩDL

AtildeFLULDWWXЩDL


VW


YHБзXЩDL

YHБFHQWXЩDL


NDOLWWAtildeЅLFDL










87


AtildeFLULDPgtIQO


ampKDUWON

FDWVHFW










YHБзXЩDLgtlt$


NDOLWWXЩDLlt$


YHЁLYLUXWWDPgtlt$


NDOLYLUXWWDPgtlt$





































2WKHUVRXUFHV














6HFRQGDUVRXUFHV





















































Metre amp$0(hymns)

$33K

amp81K

1$0(stanzas)

75VW

3(5VW

AcircҫVW

8VW

0AcircVW

ampKDUWQXPEHU



FDW

NDOLYLUXWWDP

KVW






100

NDOLWWXЩDL KVW

NDOLQLODLWWXЩDL



WDUDYXNRFFDNDP


30


YDsup3FLYLUXWWDP

YDsup3FLWWXЩDL

AtildeFLULDWWXЩDL


VW


YHБзXЩDL

YHБFHQWXЩDL


NDOLWWAtildeЅLFDL










87


AtildeFLULDPgtIQO


ampKDUWON

FDWVHFW










YHБзXЩDLgtlt$


NDOLWWXЩDLlt$


YHЁLYLUXWWDPgtlt$


NDOLYLUXWWDPgtlt$





































2WKHUVRXUFHV














6HFRQGDUVRXUFHV











































WDUDYXNRFFDNDP


30


YDsup3FLYLUXWWDP

YDsup3FLWWXЩDL

AtildeFLULDWWXЩDL


VW


YHБзXЩDL

YHБFHQWXЩDL


NDOLWWAtildeЅLFDL










87


AtildeFLULDPgtIQO


ampKDUWON

FDWVHFW










YHБзXЩDLgtlt$


NDOLWWXЩDLlt$


YHЁLYLUXWWDPgtlt$


NDOLYLUXWWDPgtlt$





































2WKHUVRXUFHV














6HFRQGDUVRXUFHV
















































87


AtildeFLULDPgtIQO


ampKDUWON

FDWVHFW










YHБзXЩDLgtlt$


NDOLWWXЩDLlt$


YHЁLYLUXWWDPgtlt$


NDOLYLUXWWDPgtlt$





































2WKHUVRXUFHV














6HFRQGDUVRXUFHV

















































YHБзXЩDLgtlt$


NDOLWWXЩDLlt$


YHЁLYLUXWWDPgtlt$


NDOLYLUXWWDPgtlt$





































2WKHUVRXUFHV














6HFRQGDUVRXUFHV











































































2WKHUVRXUFHV














6HFRQGDUVRXUFHV
















































6HFRQGDUVRXUFHV










































Metres in Tamil Bhakti Literature and the Problem of their (occasional) Description in Treatises...

Documents

Transcript of Metres in Tamil Bhakti Literature and the Problem of their (occasional) Description in Treatises...