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CSA C22.2 No. 274-13

M00051758

New product

CSA C22.2 No. 274-13 Adjustable speed drives

standard by CSA Group, 03/01/2013

Full Description

Preface

This is the first edition of CSA C22.2 No. 274, Adjustable Speed Drives, one of a series of Standards issued by CSA Group under Part II of the Canadian Electrical Code.

Prior to the release of this Standard, adjustable speed drives were certified by using CSA C22.2 No. 14 for industrial controls in conjunction with other CSA Group standards and bulletins so as to verify and test all drive related safety requirements. This Standard puts all of the relevant requirements into one document to facilitate this review. This Standard was written so as to mirror the requirements found in standard C22.2 No. 14 where applicable to maintain as much continuity as possible with existing standard practice for this type of equipment. Many of the tables contained in this Standard have been reproduced from C22.2 No. 14 and have retained their original table numbers so as to facilitate comparisons.

Although this Standard follows traditional North American practices for evaluating adjustable speed drives, the international requirements described in IEC 61800-5-1 were reviewed in detail and accommodated within this Standard whenever possible.

For general information on the Standards of the Canadian Electrical Code, Part II, see the Preface of CAN/CSA-C22.2 No. 0.

This Standard is considered suitable for use for conformity assessment within the stated scope of the Standard.

Scope

1.1
This Standard specifies requirements for adjustable speed drives with respect to electrical, thermal, and energy safety considerations. It applies to adjustable speed a.c. and d.c. electric drives connected to line voltages up to 34.5 kV, 50 Hz, or 60 Hz.

1.2
This Standard applies to the following:

a) power conversion, drive control equipment and interface circuits; and

b) servo drives and integral servo drive/motor combinations.

1.3
The equipment covered by this Standard is for use in ordinary locations in accordance with the Canadian Electrical Code, Part I (CEC, Part I).

1.4
The adjustable speed drives covered by this Standard are intended for use in an ambient temperature range of 0 to 40 C.

Note: This Standard does not include requirements for equipment intended for use in an ambient temperature outside of this range. Additional investigation of the equipment is needed when equipment is to be used in ambient temperatures outside of this range.

1.5
Equipment intended for special applications can be subject to additional requirements not included in this Standard.

1.6

This Standard does not apply to solid state, single phase motor speed controls rated 300 V and less, 20A and less that are covered by CSA C22.2 No. 156.

1.7
This Standard does not apply to

a) traction and electric vehicle drives;

b) motors as covered by CSA C22.2 No. 100;

c) driven equipment;

d) cord connected drives; and

e) integrated ASDs (adjustable speed drives) where the motor and ASD are mechanically integrated into a single unit.

1.8
General requirements applicable to this Standard are given in the latest edition of CAN/CSA-C22.2 No. 0.

1.9
The values given in SI units are the units of record for the purposes of this Standard. The values given in parentheses are for information and comparison only.

1.10
In CSA Standards, "shall" is used to express a requirement, i.e., a provision that the user is obliged to satisfy in order to comply with the standard; "should" is used to express a recommendation or that which is advised but not required; "may" is used to express an option or that which is permissible within the limits of the standard; and "can" is used to express possibility or capability.

Notes accompanying clauses do not include requirements or alternative requirements; the purpose of a note accompanying a clause is to separate from the text explanatory or informative material.

Notes to tables and figures are considered part of the table or figure and may be written as requirements.

Annexes are designated normative (mandatory) or informative (non-mandatory) to define their application.

Product Details

Edition: 1st Published: 03/01/2013 ISBN(s): 9781771391993 Number of Pages: 138 File Size: 1 file , 2.4 MB Product Code(s): 2422449, 2422449

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—–Š‘”‹œ‡† —•‡ ‘ˆ –Š‹• †‘…—‡–

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  • ůŽĂĚ ƚŚŝƐ ĚŽĐƵŵĞŶƚ ŽŶƚŽ Ă ĐŽŵƉƵƚĞƌ ĨŽƌ ƚŚĞ ƐŽůĞ ƉƵƌƉŽƐĞ ŽĨ ƌĞǀŝĞǁŝŶŐ ŝƚ͖ ͻ ƐĞĂƌĐŚ ĂŶĚ ďƌŽǁƐĞ ƚŚŝƐ ĚŽĐƵŵĞŶƚ͖ ĂŶĚ

  • ƉƌŝŶƚ ƚŚŝƐ ĚŽĐƵŵĞŶƚ ŝĨ ŝƚ ŝƐ ŝŶ W & ĨŽƌŵĂƚ͘

    >ŝŵŝƚĞĚ ĐŽƉŝĞƐ ŽĨ ƚŚŝƐ ĚŽĐƵŵĞŶƚ ŝŶ ƉƌŝŶƚ Žƌ ƉĂƉĞƌ ĨŽƌŵ ŵĂLJ ďĞ ĚŝƐƚƌŝďƵƚĞĚ ŽŶůLJ ƚŽ ƉĞƌƐŽŶƐ ǁŚŽ ĂƌĞ ĂƵƚŚŽƌŝnjĞĚ ďLJ ^ 'ƌŽƵƉ ƚŽ ŚĂǀĞ ƐƵĐŚ ĐŽƉŝĞƐ͕ ĂŶĚ ŽŶůLJ ŝĨ ƚŚŝƐ >ĞŐĂů EŽƚŝĐĞ ĂƉƉĞĂƌƐ ŽŶ ĞĂĐŚ ƐƵĐŚ ĐŽƉLJ͘

    /Ŷ ĂĚĚŝƚŝŽŶ͕ ƵƐĞƌƐ ŵĂLJ ŶŽƚ ĂŶĚ ŵĂLJ ŶŽƚ ƉĞƌŵŝƚ ŽƚŚĞƌƐ ƚŽ

  • ĂůƚĞƌ ƚŚŝƐ ĚŽĐƵŵĞŶƚ ŝŶ ĂŶLJ ǁĂLJ Žƌ ƌĞŵŽǀĞ ƚŚŝƐ >ĞŐĂů EŽƚŝĐĞ ĨƌŽŵ ƚŚĞ ĂƚƚĂĐŚĞĚ ƐƚĂŶĚĂƌĚ͖ ͻ ƐĞůů ƚŚŝƐ ĚŽĐƵŵĞŶƚ ǁŝƚŚŽƵƚ ĂƵƚŚŽƌŝnjĂƚŝŽŶ ĨƌŽŵ ^ 'ƌŽƵƉ͖ Žƌ

  • ŵĂŬĞ ĂŶ ĞůĞĐƚƌŽŶŝĐ ĐŽƉLJ ŽĨ ƚŚŝƐ ĚŽĐƵŵĞŶƚ͘

    /Ĩ LJŽƵ ĚŽ ŶŽƚ ĂŐƌĞĞ ǁŝƚŚ ĂŶLJ ŽĨ ƚŚĞ ƚĞƌŵƐ ĂŶĚ ĐŽŶĚŝƚŝŽŶƐ ĐŽŶƚĂŝŶĞĚ ŝŶ ƚŚŝƐ >ĞŐĂů EŽƚŝĐĞ͕ LJŽƵ ŵĂLJ ŶŽƚ ůŽĂĚ Žƌ ƵƐĞ ƚŚŝƐ ĚŽĐƵŵĞŶƚ Žƌ ŵĂŬĞ ĂŶLJ ĐŽƉŝĞƐ ŽĨ ƚŚĞ ĐŽŶƚĞŶƚƐ ŚĞƌĞŽĨ͕ ĂŶĚ ŝĨ LJŽƵ ĚŽ ŵĂŬĞ ƐƵĐŚ ĐŽƉŝĞƐ͕ LJŽƵ ĂƌĞ ƌĞƋƵŝƌĞĚ ƚŽ ĚĞƐƚƌŽLJ ƚŚĞŵ ŝŵŵĞĚŝĂƚĞůLJ͘ hƐĞ ŽĨ ƚŚŝƐ ĚŽĐƵŵĞŶƚ ĐŽŶƐƚŝƚƵƚĞƐ LJŽƵƌ ĂĐĐĞƉƚĂŶĐĞ ŽĨ ƚŚĞ ƚĞƌŵƐ ĂŶĚ ĐŽŶĚŝƚŝŽŶƐ ŽĨ ƚŚŝƐ >ĞŐĂů EŽƚŝĐĞ͘



    –ƒ†ƒ”†• ’†ƒ–‡ ‡”˜‹…‡

    ͸͸Ǥ͸ ‘Ǥ ͸ͽͺǦͷ͹

    ƒ”…Š ͸Ͷͷ͹


    ‹–Ž‡ǣ †Œ—•–ƒ„Ž‡ •’‡‡† †”‹˜‡•

    dŽ ƌĞŐŝƐƚĞƌ ĨŽƌ ĞͲŵĂŝů ŶŽƚŝĨŝĐĂƚŝŽŶ ĂďŽƵƚ ĂŶLJ ƵƉĚĂƚĞƐ ƚŽ ƚŚŝƐ ƉƵďůŝĐĂƚŝŽŶ ͻ ŐŽ ƚŽ ƐŚŽƉ͘ĐƐĂ͘ĐĂ

  • ĐůŝĐŬ ŽŶ ^ hƉĚĂƚĞ ^ĞƌǀŝĐĞ

dŚĞ >ŝƐƚ / ƚŚĂƚ LJŽƵ ǁŝůů ŶĞĞĚ ƚŽ ƌĞŐŝƐƚĞƌ ĨŽƌ ƵƉĚĂƚĞƐ ƚŽ ƚŚŝƐ ƉƵďůŝĐĂƚŝŽŶ ŝƐ ϮϰϮϮϰϰϵ͘

/Ĩ LJŽƵ ƌĞƋƵŝƌĞ ĂƐƐŝƐƚĂŶĐĞ͕ ƉůĞĂƐĞ ĞͲŵĂŝů ƚĞĐŚƐƵƉƉŽƌƚΛĐƐĂŐƌŽƵƉ͘ŽƌŐ Žƌ ĐĂůů ϰϭϲͲϳϰϳͲϮϮϯϯ͘

sŝƐŝƚ ^ 'ƌŽƵƉ͛Ɛ ƉŽůŝĐLJ ŽŶ ƉƌŝǀĂĐLJ Ăƚ ĐƐĂŐƌŽƵƉ͘ŽƌŐͬůĞŐĂů ƚŽ ĨŝŶĚ ŽƵƚ ŚŽǁ ǁĞ ƉƌŽƚĞĐƚ LJŽƵƌ ƉĞƌƐŽŶĂů ŝŶĨŽƌŵĂƚŝŽŶ͘


͸͸Ǥ͸ ‘Ǥ ͸ͽͺǦͷ͹

†Œ—•–ƒ„Ž‡ •’‡‡† †”‹˜‡•





WƵďůŝƐŚĞĚ ŝŶ DĂƌĐŚ ϮϬϭϯ ďLJ ^ 'ƌŽƵƉ

ŶŽƚͲĨŽƌͲƉƌŽĨŝƚ ƉƌŝǀĂƚĞ ƐĞĐƚŽƌ ŽƌŐĂŶŝnjĂƚŝŽŶ

ϱϬϲϬ ^ƉĞĐƚƌƵŵ tĂLJ͕ ^ƵŝƚĞ ϭϬϬ͕ DŝƐƐŝƐƐĂƵŐĂ͕ KŶƚĂƌŝŽ͕ ĂŶĂĚĂ >ϰt ϱEϲ


dŽ ƉƵƌĐŚĂƐĞ ƐƚĂŶĚĂƌĚƐ ĂŶĚ ƌĞůĂƚĞĚ ƉƵďůŝĐĂƚŝŽŶƐ͕ ǀŝƐŝƚ ŽƵƌ KŶůŝŶĞ ^ƚŽƌĞ Ăƚ ƐŚŽƉ͘ĐƐĂ͘ĐĂ

Žƌ ĐĂůů ƚŽůůͲĨƌĞĞ ϭͲϴϬϬͲϰϲϯͲϲϳϮϳ Žƌ ϰϭϲͲϳϰϳͲϰϬϰϰ͘


/^ E ϵϳϴʹϭʹϳϳϭϯϵʹϭϵϵʹϯ


Ξ ϮϬϭϯ ^ 'ƌŽƵƉ

ůů ƌŝŐŚƚƐ ƌĞƐĞƌǀĞĚ͘ EŽ ƉĂƌƚ ŽĨ ƚŚŝƐ ƉƵďůŝĐĂƚŝŽŶ ŵĂLJ ďĞ ƌĞƉƌŽĚƵĐĞĚ ƚŽ ĂŶLJ ĨŽƌŵ ǁŚĂƚƐŽĞǀĞƌ ǁŝƚŚŽƵƚ ƚŚĞ ƉƌŝŽƌ ƉĞƌŵŝƐƐŝŽŶ ŽĨ ƚŚĞ ƉƵďůŝƐŚĞƌ͘

‘–‡–•

dĞĐŚŶŝĐĂů ŽŵŵŝƚƚĞĞ ŽŶ /ŶĚƵƐƚƌŝĂů WƌŽĚƵĐƚƐ ϰ


/ŶƚĞŐƌĂƚĞĚ ŽŵŵŝƚƚĞĞ ŽŶ ĚũƵƐƚĂďůĞ ^ƉĞĞĚ ƌŝǀĞƐ ϲ


WƌĞĨĂĐĞ ϳ


ϭ ^ĐŽƉĞ ϴ


Ϯ ZĞĨĞƌĞŶĐĞ ƉƵďůŝĐĂƚŝŽŶƐ ϵ


ϯ ĞĨŝŶŝƚŝŽŶƐ ϭϭ


ϰ ŽŶƐƚƌƵĐƚŝŽŶ ϭϯ

ϰ͘ϭ 'ĞŶĞƌĂů ƌĞƋƵŝƌĞŵĞŶƚƐ ϭϯ ϰ͘Ϯ &ƌĂŵĞ ĂŶĚ ĞŶĐůŽƐƵƌĞƐ ϭϰ ϰ͘Ϯ͘ϭ 'ĞŶĞƌĂů ϭϰ

ϰ͘Ϯ͘Ϯ ŽŽƌƐ͕ ĐŽǀĞƌƐ͕ ĂŶĚ ƐŝŵŝůĂƌ ƉĂƌƚƐ ŽĨ ĞŶĐůŽƐƵƌĞƐ ϭϱ ϰ͘Ϯ͘ϯ dŚŝĐŬŶĞƐƐ ŽĨ ĐĂƐƚͲŵĞƚĂů ĞŶĐůŽƐƵƌĞƐ ĨŽƌ ůŝǀĞ ƉĂƌƚƐ ϭϱ ϰ͘Ϯ͘ϰ dŚŝĐŬŶĞƐƐ ŽĨ ƐŚĞĞƚ ŵĞƚĂů ĞŶĐůŽƐƵƌĞƐ ĨŽƌ ůŝǀĞ ƉĂƌƚƐ ϭϲ ϰ͘Ϯ͘ϱ KƉĞŶŝŶŐƐ ŝŶ ĞŶĐůŽƐƵƌĞƐ ϭϲ

ϰ͘Ϯ͘ϲ ŶǀŝƌŽŶŵĞŶƚĂů ƌĂƚŝŶŐƐ ϭϵ

ϰ͘ϯ WŽůLJŵĞƌŝĐ ĞŶĐůŽƐƵƌĞƐ ϭϵ

ϰ͘ϰ tŝƌŝŶŐ ƐƉĂĐĞ ĂŶĚ ǁŝƌĞ ďĞŶĚŝŶŐ ƐƉĂĐĞ ϭϵ

ϰ͘ϰ͘ϭ tŝƌŝŶŐ ƐƉĂĐĞ ϭϵ

ϰ͘ϰ͘Ϯ tŝƌĞͲďĞŶĚŝŶŐ ƐƉĂĐĞ ϮϬ

ϰ͘ϱ WƌŽǀŝƐŝŽŶƐ ĨŽƌ ŵŽƵŶƚŝŶŐ Ϯϭ

ϰ͘ϲ /ŶƐƵůĂƚŝŶŐ ŵĂƚĞƌŝĂůƐ Ϯϭ ϰ͘ϳ DĞĂŶƐ ĨŽƌ ƐǁŝƚĐŚŝŶŐ Ϯϭ ϰ͘ϴ >ŝǀĞ WĂƌƚƐ ϮϮ

ϰ͘ϵ WƌŽƚĞĐƚŝǀĞ ĚĞǀŝĐĞƐ Ϯϯ

ϰ͘ϵ͘ϭ 'ĞŶĞƌĂů Ϯϯ

ϰ͘ϵ͘Ϯ KǀĞƌĐƵƌƌĞŶƚ Ϯϯ

ϰ͘ϵ͘ϯ ŽŶƚƌŽů ĐŝƌĐƵŝƚ ƚƌĂŶƐĨŽƌŵĞƌ ƉƌŽƚĞĐƚŝŽŶ Ϯϰ ϰ͘ϵ͘ϰ WƌŽƚĞĐƚŝǀĞ ĚĞǀŝĐĞ ĨŽƌ ĐŽŶƚƌŽů ƚƌĂŶƐĨŽƌŵĞƌƐ Ϯϱ ϰ͘ϵ͘ϱ DŽƚŽƌ ŽǀĞƌůŽĂĚ ƉƌŽƚĞĐƚŝŽŶ Ϯϱ

ϰ͘ϵ͘ϲ /ŶƐƚĂŶƚĂŶĞŽƵƐͲƚƌŝƉ ĐŝƌĐƵŝƚ ďƌĞĂŬĞƌƐ Ϯϲ

ϰ͘ϵ͘ϳ KƉĞŶͲƉŚĂƐĞ ƉƌŽƚĞĐƚŝŽŶ Ϯϲ ϰ͘ϵ͘ϴ WŚĂƐĞ ƌĞǀĞƌƐĂů ƉƌŽƚĞĐƚŝŽŶ Ϯϲ ϰ͘ϭϬ &ƵƐĞŚŽůĚĞƌƐ Ϯϲ

ϰ͘ϭϭ /ŶƚĞƌŶĂů ǁŝƌŝŶŐ Ϯϳ

ϰ͘ϭϮ ^ƵƉƉůLJ ĐŽŶŶĞĐƚŝŽŶƐ Ϯϴ

ϰ͘ϭϯ ůĞĐƚƌŝĐĂů ƐƉĂĐŝŶŐƐ ϯϬ

ϰ͘ϭϯ͘ϴ ůĞĂƌĂŶĐĞƐ ǁŝƚŚ ĐŽŶƚƌŽůůĞĚ ŽǀĞƌǀŽůƚĂŐĞƐ ϯϭ

ϰ͘ϭϰ 'ƌŽƵŶĚŝŶŐ ĂŶĚ ďŽŶĚŝŶŐ ϯϱ ϰ͘ϭϰ͘ϳ WŽůLJŵĞƌŝĐ ĞŶĐůŽƐƵƌĞƐ ϯϱ ϰ͘ϭϱ /ŶƚĞƌůŽĐŬƐ ϯϲ


ƒ”…Š ͸Ͷͷ͹ ̽ ͸Ͷͷ͹ ”‘—’ ͷ


ϰ͘ϭϲ

>ŝƋƵŝĚ ĐŽŽůĞĚ ĚƌŝǀĞƐ

ϯϳ

ϰ͘ϭϳ

ĂƉĂĐŝƚŽƌ ĚŝƐĐŚĂƌŐĞ

ϯϵ


ϱ DĂƌŬŝŶŐƐ ϯϵ

ϱ͘ϭ 'ĞŶĞƌĂů ŵĂƌŬŝŶŐ ƌĞƋƵŝƌĞŵĞŶƚƐ ϯϵ

ϱ͘ϯϲ &ŝĞůĚ ŬŝƚƐ ĂŶĚ ĂĐĐĞƐƐŽƌŝĞƐ ϰϰ


ϲ dĞƐƚŝŶŐ ϰϱ

ϲ͘ϭ 'ĞŶĞƌĂů ϰϱ

ϲ͘Ϯ dĞŵƉĞƌĂƚƵƌĞ ϰϲ

ϲ͘ϯ ŝĞůĞĐƚƌŝĐ ƐƚƌĞŶŐƚŚ ϰϴ

ϲ͘ϰ sĞƌŝĨŝĐĂƚŝŽŶ ŽĨ ĞůĞĐƚƌŽŶŝĐ ŵŽƚŽƌ ŽǀĞƌůŽĂĚ ƉƌŽƚĞĐƚŝǀĞ ĐŝƌĐƵŝƚƌLJ ϱϭ

ϲ͘ϱ ƵƌƌĞŶƚ ůŝŵŝƚŝŶŐ ĐŽŶƚƌŽů ϱϭ

ϲ͘ϲ ^ŚŽƌƚ ĐŝƌĐƵŝƚ ƚĞƐƚ ϱϭ

ϲ͘ϳ ,ŝŐŚ ĨĂƵůƚ ĐƵƌƌĞŶƚ ƚĞƐƚ ϱϯ

ϲ͘ϴ dĞƐƚ ĐŝƌĐƵŝƚ ĨŽƌ ƐŚŽƌƚ ĐŝƌĐƵŝƚ ĂŶĚ ŚŝŐŚ ĨĂƵůƚ ĐƵƌƌĞŶƚ ƚĞƐƚƐ ϱϰ

ϲ͘ϵ ͶZĞƐĞƌǀĞĚ ĨŽƌ ĨƵƚƵƌĞ ƵƐĞ ϱϱ

ϲ͘ϭϬ WƌŽƐƉĞĐƚŝǀĞ ƐŚŽƌƚ ĐŝƌĐƵŝƚ ĐƵƌƌĞŶƚ ϱϱ

ϲ͘ϭϭ WƌŽƚĞĐƚŝǀĞ ĚĞǀŝĐĞƐ ϱϱ

ϲ͘ϭϮ ^ŚŽƌƚ ĐŝƌĐƵŝƚ ĐĂůŝďƌĂƚŝŽŶ ŽĨ ƚĞƐƚ ĐŝƌĐƵŝƚƐ ϱϲ

ϲ͘ϭϮ͘ϭ 'ĞŶĞƌĂů ϱϲ

ϲ͘ϭϮ͘Ϯ DĞĂƐƵƌĞŵĞŶƚ ŽĨ ĐƵƌƌĞŶƚƐ ϭϬ ϬϬϬ ĂŶĚ ůĞƐƐ ϱϳ ϲ͘ϭϮ͘ϯ DĞĂƐƵƌĞŵĞŶƚ ŽĨ ĐƵƌƌĞŶƚƐ ŽǀĞƌ ϭϬ ϬϬϬ ϱϳ ϲ͘ϭϯ ƌĞĂŬĚŽǁŶ ŽĨ ĐŽŵƉŽŶĞŶƚƐ ƚĞƐƚ ϲϭ

ϲ͘ϭϰ WƌŽƚĞĐƚŝǀĞ ďŽŶĚŝŶŐ ϲϮ

ϲ͘ϭϱ ŽƌŽŶĂ dĞƐƚ ϲϮ

ϲ͘ϭϲ ŶĐůŽƐƵƌĞƐ ϲϮ

ϲ͘ϭϲ͘ϭ &ůĂŵŵĂďŝůŝƚLJ ŽĨ ĞŶĐůŽƐƵƌĞ ϲϮ

ϲ͘ϭϲ͘Ϯ ZĞƐŝƐƚĂŶĐĞ ƚŽ ŝŵƉĂĐƚ Ͷ ŶĐůŽƐƵƌĞƐ ϲϯ

ϲ͘ϭϲ͘ϯ ZĞƐŝƐƚĂŶĐĞ ƚŽ ŝŵƉĂĐƚ Ͷ KďƐĞƌǀĂƚŝŽŶ ŽƉĞŶŝŶŐƐ ϲϯ

ϲ͘ϭϲ͘ϰ ŝĞůĞĐƚƌŝĐ ƐƚƌĞŶŐƚŚ ϲϰ ϲ͘ϭϲ͘ϱ ŽŶĚƵŝƚ ĐŽŶŶĞĐƚŝŽŶƐ ϲϰ ϲ͘ϭϲ͘ϲ ĞŶĚŝŶŐ ϲϱ

ϲ͘ϭϲ͘ϳ <ŶŽĐŬŽƵƚƐ ϲϱ

ϲ͘ϭϲ͘ϴ ^ĞĐƵƌĞŵĞŶƚ ŽĨ ƐŶĂƉͲŽŶ ĐŽǀĞƌƐ ϲϱ

ϲ͘ϭϲ͘ϵ ŽŵƉƌĞƐƐŝŽŶ ϲϲ

ϲ͘ϭϲ͘ϭϬ ĞĨůĞĐƚŝŽŶ ϲϲ

ϲ͘ϭϲ͘ϭϭ ZŽĚ ĞŶƚƌLJ ƚĞƐƚ ĨŽƌ ĚƌŝǀĞƐ ƌĂƚĞĚ ϳϱϬ s Žƌ ŚŝŐŚĞƌ ϲϲ

ϲ͘ϭϳ ďŶŽƌŵĂů ŽƉĞƌĂƚŝŽŶ ƚĞƐƚƐ ϲϲ

ϲ͘ϭϴ ŽŶƚĂĐƚŽƌ ŽǀĞƌůŽĂĚ ϲϴ

ϲ͘ϭϵ ĂƉĂĐŝƚŽƌ ĚŝƐĐŚĂƌŐĞ ƚĞƐƚ ϲϴ

ϲ͘ϮϬ ^ƵƌŐĞ ƐƵƉƉƌĞƐƐŝŽŶ ϲϴ ϲ͘Ϯϭ /ŵƉƵůƐĞ ǀŽůƚĂŐĞ ƚĞƐƚ ϲϵ ϲ͘ϮϮ /ŶƚĞƌůŽĐŬ ŝŶƚĞŐƌŝƚLJ ϲϵ

ϲ͘Ϯϯ WƌŝŶƚĞĚ ǁŝƌŝŶŐ ďŽĂƌĚ ĂďŶŽƌŵĂů ŽƉĞƌĂƚŝŽŶ ƚĞƐƚ ϳϬ

ϲ͘Ϯϰ DŽƵůĚ ƐƚƌĞƐƐ ƌĞůŝĞĨ ƚĞƐƚ ϳϭ

ϲ͘Ϯϱ ŝĂŐŶŽƐƚŝĐ ƚĞƐƚ ϳϭ


ϳ &ŝĞůĚͲŝŶƐƚĂůůĞĚ ĂĐĐĞƐƐŽƌŝĞƐ ĂŶĚ ŬŝƚƐ ϳϮ


ƒ”…Š ͸Ͷͷ͹ ̽ ͸Ͷͷ͹ ”‘—’ ͸

ϳ͘ϭ 'ĞŶĞƌĂů ϳϮ

ϳ͘Ϯ tŝƌĞ ĐŽŶŶĞĐƚŽƌ ŬŝƚƐ ĂŶĚ ŐƌŽƵŶĚŝŶŐ ŬŝƚƐ ϳϮ

ϳ͘ϯ KƚŚĞƌ ŬŝƚƐ ϳϮ

ϳ͘ϰ DĂƌŬŝŶŐƐ ϳϯ


ŶŶĞdž ;ŝŶĨŽƌŵĂƚŝǀĞͿ Ͷ džĂŵƉůĞƐ ŽĨ ǁŝƌŝŶŐ ƐƉĂĐĞ ĂŶĚ ǁŝƌĞͲďĞŶĚŝŶŐ ƐƉĂĐĞ ϭϮϮ

ŶŶĞdž ;ŶŽƌŵĂƚŝǀĞͿ Ͷ DĂƌŬŝŶŐ ƚƌĂŶƐůĂƚŝŽŶƐ ϭϮϯ

ŶŶĞdž ;ŝŶĨŽƌŵĂƚŝǀĞͿ Ͷ ƌŽƐƐͲƐĞĐƚŝŽŶƐ ŽĨ ƌŽƵŶĚ ĐŽŶĚƵĐƚŽƌƐ ϭϮϱ

ŶŶĞdž ;ŝŶĨŽƌŵĂƚŝǀĞͿ Ͷ 'ƵŝĚĞ ƚŽ ƚŚĞ ŵĞĂƐƵƌĞŵĞŶƚ ŽĨ ĐŽƌŽŶĂ ŝŶ ^ ĂƐƐĞŵďůŝĞƐ ϭϮϲ


ƒ”…Š ͸Ͷͷ͹ ̽ ͸Ͷͷ͹ ”‘—’ ͹

‡…Š‹…ƒŽ ‘‹––‡‡ ‘ †—•–”‹ƒŽ

”‘†—…–•


<͘ WŽǁĞůů ƌŝƚĞƌŝŽŶƐ͕

'ůĞŶ tŝůůŝĂŵƐ͕ KŶƚĂƌŝŽ

ZĞƉƌĞƐĞŶƚŝŶŐ DĂŶƵĨĂĐƚƵƌĞƌƐ

ŚĂŝƌ


Z͘D͘ ĂƌƚŚŽůŽŵĞǁ ůĞĐƚƌŝĐ WŽǁĞƌ ƋƵŝƉŵĞŶƚ >ƚĚ͕

sĂŶĐŽƵǀĞƌ͕ ƌŝƚŝƐŚ ŽůƵŵďŝĂ

ZĞƉƌĞƐĞŶƚŝŶŐ DĂŶƵĨĂĐƚƵƌĞƌƐ

sŝĐĞͲ ŚĂŝƌ


͘ ^ƚĞĨĂŶĐŝĐ ^ 'ƌŽƵƉ͕ DŝƐƐŝƐƐĂƵŐĂ͕ KŶƚĂƌŝŽ

WƌŽũĞĐƚ DĂŶĂŐĞƌ


ZĞƉƌĞƐĞŶƚŝŶŐ 'ĞŶĞƌĂů /ŶƚĞƌĞƐƚƐ


E͘ DĂŶĐŝŶŝ DŝƐƐŝƐƐĂƵŐĂ͕ KŶƚĂƌŝŽ


͘'͘ DŽƌůŝĚŐĞ &ůƵŽƌ ĂŶĂĚĂ >ƚĚ͕͘

ĂůŐĂƌLJ͕ ůďĞƌƚĂ


͘͘ dƐŝƐƐĞƌĞǀ ^ƚĂŶƚĞĐ ŽŶƐƵůƚŝŶŐ >ƚĚ͕ sĂŶĐŽƵǀĞƌ͕ ƌŝƚŝƐŚ ŽůƵŵďŝĂ


ZĞƉƌĞƐĞŶƚŝŶŐ DĂŶƵĨĂĐƚƵƌĞƌƐ


t͘<͘ :ŽŶĞƐ ĂƚŽŶ͕

ƵƌůŝŶŐƚŽŶ͕ KŶƚĂƌŝŽ


D͘ ^ŵŝƚŚ ZŽĐŬǁĞůů ƵƚŽŵĂƚŝŽŶ ĂŶĂĚĂ /ŶĐ͘ ŽŶƚƌŽů ^LJƐƚĞŵƐ͕

ĂŵďƌŝĚŐĞ͕ KŶƚĂƌŝŽ


ZĞƉƌĞƐĞŶƚŝŶŐ ZĞŐƵůĂƚŽƌLJ ƵƚŚŽƌŝƚŝĞƐ


͘W͘ ĂĚƌLJ 'ŽǀĞƌŶŵĞŶƚ ŽĨ zƵŬŽŶ͕ tŚŝƚĞŚŽƌƐĞ͕ zƵŬŽŶ dĞƌƌŝƚŽƌLJ


͘Z͘ DĂĐ>ĞŽĚ ĞƉĂƌƚŵĞŶƚ ŽĨ >ĂďŽƵƌ ĂŶĚ ĚǀĂŶĐĞĚ ĚƵĐĂƚŝŽŶ͕

,ĂůŝĨĂdž͕ EŽǀĂ ^ĐŽƚŝĂ


ƒ”…Š ͸Ͷͷ͹ ̽ ͸Ͷͷ͹ ”‘—’ ͺ

d͘ KůĞĐŚŶĂ ůĞĐƚƌŝĐĂů ^ĂĨĞƚLJ ƵƚŚŽƌŝƚLJ͕ DŝƐƐŝƐƐĂƵŐĂ͕ KŶƚĂƌŝŽ


Z͘ WĂĐŬ ^ĂƐŬWŽǁĞƌ͕

^ĂƐŬĂƚŽŽŶ͕ ^ĂƐŬĂƚĐŚĞǁĂŶ


ƒ”…Š ͸Ͷͷ͹ ̽ ͸Ͷͷ͹ ”‘—’ ͻ

–‡‰”ƒ–‡† ‘‹––‡‡ ‘ †Œ—•–ƒ„Ž‡ ’‡‡†

”‹˜‡•


/͘ WƌŽĨŝƌ ZŽĐŬǁĞůů ƵƚŽŵĂƚŝŽŶ ĂŶĂĚĂ /ŶĐ͘ ŽŶƚƌŽů ^LJƐƚĞŵƐ͕

ĂŵďƌŝĚŐĞ͕ KŶƚĂƌŝŽ

ŚĂŝƌ


͘>͘ ƵĨĨ ĂǀŝĚ >͘ ƵĨĨ ĂŶĚ ƐƐŽĐŝĂƚĞƐ͕

ƵƌůŝŶŐƚŽŶ͕ KŶƚĂƌŝŽ


s͘s͘ 'ĂŐĂĐŚĞǀ ĂƚŽŶ͕

ƵƌůŝŶŐƚŽŶ͕ KŶƚĂƌŝŽ


͘:͘ WĞƚĞƌƐĞŶ ^ŝĞŵĞŶƐ /ŶĚƵƐƚƌLJ͕ /ŶĐ͕͘ WŝƚƚƐďƵƌŐŚ͕ WĞŶŶƐLJůǀĂŶŝĂ͕ h^


͘ ^ƚĞǁĂƌƚ ZŽĐŬǁĞůů ƵƚŽŵĂƚŝŽŶ /ŶĐ͕͘ DŝůǁĂƵŬĞĞ͕ tŝƐĐŽŶƐŝŶ͕ h^


Z͘:͘ dŽŵĞƌ ^ŝĞŵĞŶƐ /ŶĚƵƐƚƌLJ͕ /ŶĐ͕͘ WŝƚƚƐďƵƌŐŚ͕ WĞŶŶƐLJůǀĂŶŝĂ͕ h^


͘ ĞŵĂŶĞŬ ^ 'ƌŽƵƉ͕ dŽƌŽŶƚŽ͕ KŶƚĂƌŝŽ


͘ ^ƚĞĨĂŶĐŝĐ ^ 'ƌŽƵƉ͕ DŝƐƐŝƐƐĂƵŐĂ͕ KŶƚĂƌŝŽ

WƌŽũĞĐƚ DĂŶĂŐĞƌ


ƒ”…Š ͸Ͷͷ͹ ̽ ͸Ͷͷ͹ ”‘—’ ͼ

”‡ˆƒ…‡

dŚŝƐ ŝƐ ƚŚĞ ĨŝƌƐƚ ĞĚŝƚŝŽŶ ŽĨ ^ ϮϮ͘Ϯ EŽ͘ Ϯϳϰ͕ ĚũƵƐƚĂďůĞ ^ƉĞĞĚ ƌŝǀĞƐ͕ ŽŶĞ ŽĨ Ă ƐĞƌŝĞƐ ŽĨ ^ƚĂŶĚĂƌĚƐ ŝƐƐƵĞĚ ďLJ ^ 'ƌŽƵƉ ƵŶĚĞƌ WĂƌƚ // ŽĨ ƚŚĞ ĂŶĂĚŝĂŶ ůĞĐƚƌŝĐĂů ŽĚĞ͘


WƌŝŽƌ ƚŽ ƚŚĞ ƌĞůĞĂƐĞ ŽĨ ƚŚŝƐ ^ƚĂŶĚĂƌĚ͕ ĂĚũƵƐƚĂďůĞ ƐƉĞĞĚ ĚƌŝǀĞƐ ǁĞƌĞ ĐĞƌƚŝĨŝĞĚ ďLJ ƵƐŝŶŐ ^ ϮϮ͘Ϯ EŽ͘ ϭϰ ĨŽƌ ŝŶĚƵƐƚƌŝĂů ĐŽŶƚƌŽůƐ ŝŶ ĐŽŶũƵŶĐƚŝŽŶ ǁŝƚŚ ŽƚŚĞƌ ^ 'ƌŽƵƉ ƐƚĂŶĚĂƌĚƐ ĂŶĚ ďƵůůĞƚŝŶƐ ƐŽ ĂƐ ƚŽ ǀĞƌŝĨLJ ĂŶĚ ƚĞƐƚ Ăůů ĚƌŝǀĞ ƌĞůĂƚĞĚ ƐĂĨĞƚLJ ƌĞƋƵŝƌĞŵĞŶƚƐ͘ dŚŝƐ ^ƚĂŶĚĂƌĚ ƉƵƚƐ Ăůů ŽĨ ƚŚĞ ƌĞůĞǀĂŶƚ ƌĞƋƵŝƌĞŵĞŶƚƐ ŝŶƚŽ ŽŶĞ ĚŽĐƵŵĞŶƚ ƚŽ ĨĂĐŝůŝƚĂƚĞ ƚŚŝƐ ƌĞǀŝĞǁ͘ dŚŝƐ ^ƚĂŶĚĂƌĚ ǁĂƐ ǁƌŝƚƚĞŶ ƐŽ ĂƐ ƚŽ ŵŝƌƌŽƌ ƚŚĞ ƌĞƋƵŝƌĞŵĞŶƚƐ ĨŽƵŶĚ ŝŶ ƐƚĂŶĚĂƌĚ

ϮϮ͘Ϯ EŽ͘ ϭϰ ǁŚĞƌĞ ĂƉƉůŝĐĂďůĞ ƚŽ ŵĂŝŶƚĂŝŶ ĂƐ ŵƵĐŚ ĐŽŶƚŝŶƵŝƚLJ ĂƐ ƉŽƐƐŝďůĞ ǁŝƚŚ ĞdžŝƐƚŝŶŐ ƐƚĂŶĚĂƌĚ ƉƌĂĐƚŝĐĞ ĨŽƌ ƚŚŝƐ ƚLJƉĞ ŽĨ ĞƋƵŝƉŵĞŶƚ͘ DĂŶLJ ŽĨ ƚŚĞ ƚĂďůĞƐ ĐŽŶƚĂŝŶĞĚ ŝŶ ƚŚŝƐ ^ƚĂŶĚĂƌĚ ŚĂǀĞ ďĞĞŶ ƌĞƉƌŽĚƵĐĞĚ ĨƌŽŵ

ϮϮ͘Ϯ EŽ͘ ϭϰ ĂŶĚ ŚĂǀĞ ƌĞƚĂŝŶĞĚ ƚŚĞŝƌ ŽƌŝŐŝŶĂů ƚĂďůĞ ŶƵŵďĞƌƐ ƐŽ ĂƐ ƚŽ ĨĂĐŝůŝƚĂƚĞ ĐŽŵƉĂƌŝƐŽŶƐ͘

ůƚŚŽƵŐŚ ƚŚŝƐ ^ƚĂŶĚĂƌĚ ĨŽůůŽǁƐ ƚƌĂĚŝƚŝŽŶĂů EŽƌƚŚ ŵĞƌŝĐĂŶ ƉƌĂĐƚŝĐĞƐ ĨŽƌ ĞǀĂůƵĂƚŝŶŐ ĂĚũƵƐƚĂďůĞ ƐƉĞĞĚ ĚƌŝǀĞƐ͕ ƚŚĞ ŝŶƚĞƌŶĂƚŝŽŶĂů ƌĞƋƵŝƌĞŵĞŶƚƐ ĚĞƐĐƌŝďĞĚ ŝŶ / ϲϭϴϬϬͲϱͲϭ ǁĞƌĞ ƌĞǀŝĞǁĞĚ ŝŶ ĚĞƚĂŝů ĂŶĚ ĂĐĐŽŵŵŽĚĂƚĞĚ ǁŝƚŚŝŶ ƚŚŝƐ ^ƚĂŶĚĂƌĚ ǁŚĞŶĞǀĞƌ ƉŽƐƐŝďůĞ͘


&Žƌ ŐĞŶĞƌĂů ŝŶĨŽƌŵĂƚŝŽŶ ŽŶ ƚŚĞ ^ƚĂŶĚĂƌĚƐ ŽĨ ƚŚĞ ĂŶĂĚŝĂŶ ůĞĐƚƌŝĐĂů ŽĚĞ͕ WĂƌƚ //͕ ƐĞĞ ƚŚĞ WƌĞĨĂĐĞ ŽĨ Eͬ

^ Ͳ ϮϮ͘Ϯ EŽ͘ Ϭ͘

dŚŝƐ ^ƚĂŶĚĂƌĚ ŝƐ ĐŽŶƐŝĚĞƌĞĚ ƐƵŝƚĂďůĞ ĨŽƌ ƵƐĞ ĨŽƌ ĐŽŶĨŽƌŵŝƚLJ ĂƐƐĞƐƐŵĞŶƚ ǁŝƚŚŝŶ ƚŚĞ ƐƚĂƚĞĚ ƐĐŽƉĞ ŽĨ ƚŚĞ

^ƚĂŶĚĂƌĚ͘

dŚŝƐ ^ƚĂŶĚĂƌĚ ǁĂƐ ƉƌĞƉĂƌĞĚ ďLJ ƚŚĞ /ŶƚĞŐƌĂƚĞĚ ŽŵŵŝƚƚĞĞ ŽŶ ĚũƵƐƚĂďůĞ ƌŝǀĞƐ͕ ƵŶĚĞƌ ƚŚĞ ũƵƌŝƐĚŝĐƚŝŽŶ ŽĨ ƚŚĞ dĞĐŚŶŝĐĂů ŽŵŵŝƚƚĞĞ ŽŶ /ŶĚƵƐƚƌŝĂů WƌŽĚƵĐƚƐ ĂŶĚ ƚŚĞ ^ƚƌĂƚĞŐŝĐ ^ƚĞĞƌŝŶŐ ŽŵŵŝƚƚĞĞ ŽŶ ZĞƋƵŝƌĞŵĞŶƚƐ ĨŽƌ ůĞĐƚƌŝĐĂů ^ĂĨĞƚLJ͕ ĂŶĚ ŚĂƐ ďĞĞŶ ĨŽƌŵĂůůLJ ĂƉƉƌŽǀĞĚ ďLJ ƚŚĞ dĞĐŚŶŝĐĂů ŽŵŵŝƚƚĞĞ͘


/ŶƚĞƌƉƌĞƚĂƚŝŽŶƐ͗ dŚĞ ^ƚƌĂƚĞŐŝĐ ^ƚĞĞƌŝŶŐ ŽŵŵŝƚƚĞĞ ŽŶ ZĞƋƵŝƌĞŵĞŶƚƐ ĨŽƌ ůĞĐƚƌŝĐĂů ^ĂĨĞƚLJ ŚĂƐ ƉƌŽǀŝĚĞĚ ƚŚĞ ĨŽůůŽǁŝŶŐ ĚŝƌĞĐƚŝŽŶ ĨŽƌ ƚŚĞ ŝŶƚĞƌƉƌĞƚĂƚŝŽŶ ŽĨ ƐƚĂŶĚĂƌĚƐ ƵŶĚĞƌ ŝƚƐ ũƵƌŝƐĚŝĐƚŝŽŶ͗ ͞dŚĞ ůŝƚĞƌĂů ƚĞdžƚ ƐŚĂůů ďĞ ƵƐĞĚ ŝŶ ũƵĚŐŝŶŐ ĐŽŵƉůŝĂŶĐĞ ŽĨ ƉƌŽĚƵĐƚƐ ǁŝƚŚ ƚŚĞ ƐĂĨĞƚLJ ƌĞƋƵŝƌĞŵĞŶƚƐ ŽĨ ƚŚŝƐ ^ƚĂŶĚĂƌĚ͘ tŚĞŶ ƚŚĞ ůŝƚĞƌĂů ƚĞdžƚ ĐĂŶŶŽƚ ďĞ ĂƉƉůŝĞĚ ƚŽ ƚŚĞ ƉƌŽĚƵĐƚ͕ ƐƵĐŚ ĂƐ ĨŽƌ ŶĞǁ ŵĂƚĞƌŝĂůƐ Žƌ ĐŽŶƐƚƌƵĐƚŝŽŶ͕ ĂŶĚ ǁŚĞŶ Ă ƌĞůĞǀĂŶƚ ĐŽŵŵŝƚƚĞĞ ŝŶƚĞƌƉƌĞƚĂƚŝŽŶ ŚĂƐ ŶŽƚ ĂůƌĞĂĚLJ ďĞĞŶ ƉƵďůŝƐŚĞĚ͕ ^ ΖƐ ƉƌŽĐĞĚƵƌĞƐ ĨŽƌ ŝŶƚĞƌƉƌĞƚĂƚŝŽŶ ƐŚĂůů ďĞ ĨŽůůŽǁĞĚ ƚŽ ĚĞƚĞƌŵŝŶĞ ƚŚĞ ŝŶƚĞŶĚĞĚ ƐĂĨĞƚLJ ƉƌŝŶĐŝƉůĞ͘͟


ƒ”…Š ͸Ͷͷ͹ ̽ ͸Ͷͷ͹ ”‘—’ ͽ

͸͸Ǥ͸ ‘Ǥ ͸ͽͺǦͷ͹

†Œ—•–ƒ„Ž‡ •’‡‡† †”‹˜‡•


ͳ …‘’‡


ͳǤͳ

dŚŝƐ ^ƚĂŶĚĂƌĚ ƐƉĞĐŝĨŝĞƐ ƌĞƋƵŝƌĞŵĞŶƚƐ ĨŽƌ ĂĚũƵƐƚĂďůĞ ƐƉĞĞĚ ĚƌŝǀĞƐ ǁŝƚŚ ƌĞƐƉĞĐƚ ƚŽ ĞůĞĐƚƌŝĐĂů͕ ƚŚĞƌŵĂů͕ ĂŶĚ ĞŶĞƌŐLJ ƐĂĨĞƚLJ ĐŽŶƐŝĚĞƌĂƚŝŽŶƐ͘ /ƚ ĂƉƉůŝĞƐ ƚŽ ĂĚũƵƐƚĂďůĞ ƐƉĞĞĚ Ă͘Đ͘ ĂŶĚ Ě͘Đ͘ ĞůĞĐƚƌŝĐ ĚƌŝǀĞƐ ĐŽŶŶĞĐƚĞĚ ƚŽ ůŝŶĞ ǀŽůƚĂŐĞƐ ƵƉ ƚŽ ϯϰ͘ϱ Ŭs͕ ϱϬ ,nj͕ Žƌ ϲϬ ,nj͘


ͳǤʹ

dŚŝƐ ^ƚĂŶĚĂƌĚ ĂƉƉůŝĞƐ ƚŽ ƚŚĞ ĨŽůůŽǁŝŶŐ͗

ĂͿ ƉŽǁĞƌ ĐŽŶǀĞƌƐŝŽŶ͕ ĚƌŝǀĞ ĐŽŶƚƌŽů ĞƋƵŝƉŵĞŶƚ ĂŶĚ ŝŶƚĞƌĨĂĐĞ ĐŝƌĐƵŝƚƐ͖ ĂŶĚ ďͿ ƐĞƌǀŽ ĚƌŝǀĞƐ ĂŶĚ ŝŶƚĞŐƌĂů ƐĞƌǀŽ ĚƌŝǀĞͬŵŽƚŽƌ ĐŽŵďŝŶĂƚŝŽŶƐ͘


ͳǤ͵

dŚĞ ĞƋƵŝƉŵĞŶƚ ĐŽǀĞƌĞĚ ďLJ ƚŚŝƐ ^ƚĂŶĚĂƌĚ ŝƐ ĨŽƌ ƵƐĞ ŝŶ ŽƌĚŝŶĂƌLJ ůŽĐĂƚŝŽŶƐ ŝŶ ĂĐĐŽƌĚĂŶĐĞ ǁŝƚŚ ƚŚĞ ĂŶĂĚŝĂŶ

ůĞĐƚƌŝĐĂů ŽĚĞ͕ WĂƌƚ / ; ͕ WĂƌƚ /Ϳ͘


ͳǤͶ

dŚĞ ĂĚũƵƐƚĂďůĞ ƐƉĞĞĚ ĚƌŝǀĞƐ ĐŽǀĞƌĞĚ ďLJ ƚŚŝƐ ^ƚĂŶĚĂƌĚ ĂƌĞ ŝŶƚĞŶĚĞĚ ĨŽƌ ƵƐĞ ŝŶ ĂŶ ĂŵďŝĞŶƚ ƚĞŵƉĞƌĂƚƵƌĞ ƌĂŶŐĞ ŽĨ Ϭ ƚŽ ϰϬ Σ ͘

EŽƚĞ͗ dŚŝƐ ^ƚĂŶĚĂƌĚ ĚŽĞƐ ŶŽƚ ŝŶĐůƵĚĞ ƌĞƋƵŝƌĞŵĞŶƚƐ ĨŽƌ ĞƋƵŝƉŵĞŶƚ ŝŶƚĞŶĚĞĚ ĨŽƌ ƵƐĞ ŝŶ ĂŶ ĂŵďŝĞŶƚ ƚĞŵƉĞƌĂƚƵƌĞ ŽƵƚƐŝĚĞ ŽĨ ƚŚŝƐ ƌĂŶŐĞ͘ ĚĚŝƚŝŽŶĂů ŝŶǀĞƐƚŝŐĂƚŝŽŶ ŽĨ ƚŚĞ ĞƋƵŝƉŵĞŶƚ ŝƐ ŶĞĞĚĞĚ ǁŚĞŶ ĞƋƵŝƉŵĞŶƚ ŝƐ ƚŽ ďĞ ƵƐĞĚ ŝŶ ĂŵďŝĞŶƚ ƚĞŵƉĞƌĂƚƵƌĞƐ ŽƵƚƐŝĚĞ ŽĨ ƚŚŝƐ ƌĂŶŐĞ͘


ͳǤͷ

ƋƵŝƉŵĞŶƚ ŝŶƚĞŶĚĞĚ ĨŽƌ ƐƉĞĐŝĂů ĂƉƉůŝĐĂƚŝŽŶƐ ĐĂŶ ďĞ ƐƵďũĞĐƚ ƚŽ ĂĚĚŝƚŝŽŶĂů ƌĞƋƵŝƌĞŵĞŶƚƐ ŶŽƚ ŝŶĐůƵĚĞĚ ŝŶ ƚŚŝƐ ^ƚĂŶĚĂƌĚ͘


ͳǤ͸

dŚŝƐ ^ƚĂŶĚĂƌĚ ĚŽĞƐ ŶŽƚ ĂƉƉůLJ ƚŽ ƐŽůŝĚ ƐƚĂƚĞ͕ ƐŝŶŐůĞ ƉŚĂƐĞ ŵŽƚŽƌ ƐƉĞĞĚ ĐŽŶƚƌŽůƐ ƌĂƚĞĚ ϯϬϬ s ĂŶĚ ůĞƐƐ͕ ϮϬ ĂŶĚ ůĞƐƐ ƚŚĂƚ ĂƌĞ ĐŽǀĞƌĞĚ ďLJ ^ ϮϮ͘Ϯ EŽ͘ ϭϱϲ͘


ͳǤ͹

dŚŝƐ ^ƚĂŶĚĂƌĚ ĚŽĞƐ ŶŽƚ ĂƉƉůLJ ƚŽ

ĂͿ ƚƌĂĐƚŝŽŶ ĂŶĚ ĞůĞĐƚƌŝĐ ǀĞŚŝĐůĞ ĚƌŝǀĞƐ͖

ďͿ ŵŽƚŽƌƐ ĂƐ ĐŽǀĞƌĞĚ ďLJ ^ ϮϮ͘Ϯ EŽ͘ ϭϬϬ͖ ĐͿ ĚƌŝǀĞŶ ĞƋƵŝƉŵĞŶƚ͖

ĚͿ ĐŽƌĚ ĐŽŶŶĞĐƚĞĚ ĚƌŝǀĞƐ͖ ĂŶĚ

ĞͿ ŝŶƚĞŐƌĂƚĞĚ ^ Ɛ ;ĂĚũƵƐƚĂďůĞ ƐƉĞĞĚ ĚƌŝǀĞƐͿ ǁŚĞƌĞ ƚŚĞ ŵŽƚŽƌ ĂŶĚ ^ ĂƌĞ ŵĞĐŚĂŶŝĐĂůůLJ ŝŶƚĞŐƌĂƚĞĚ ŝŶƚŽ Ă ƐŝŶŐůĞ ƵŶŝƚ͘


ͳǤͺ

'ĞŶĞƌĂů ƌĞƋƵŝƌĞŵĞŶƚƐ ĂƉƉůŝĐĂďůĞ ƚŽ ƚŚŝƐ ^ƚĂŶĚĂƌĚ ĂƌĞ ŐŝǀĞŶ ŝŶ ƚŚĞ ůĂƚĞƐƚ ĞĚŝƚŝŽŶ ŽĨ Eͬ ^ Ͳ ϮϮ͘Ϯ EŽ͘ Ϭ͘


ƒ”…Š ͸Ͷͷ͹ ̽ ͸Ͷͷ͹ ”‘—’ ;