Absorption Chiller Sytem Design

8/3/2019 Absorption Chiller Sytem Design

http://slidepdf.com/reader/full/absorption-chiller-sytem-design 1/85

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1MGO 7GL[IHPIV ETTPMGEXMSRW IRKMRIIV(EVV]P &VYRWZSPH MRJSVQEXMSR HIWMKRIV



8LI 8VERI 'SQTER] MR TVSTSWMRK XLIWI W]WXIQ HIWMKR ERH ETTPMGEXMGSRGITXW EWWYQIW RS VIWTSRWMFMPMX] JSV XLI TIVJSVQERGI SV HIWMVIWYPXMRK W]WXIQ HIWMKR 7]WXIQ HIWMKR MW XLI TVIVSKEXMZI ERHXLI W]WXIQ HIWMKRIV

¨ %QIVMGER 7XERHEVH -RG %PP VMKLXW V7=7 %1 1E]

8LMW QERYEP [EW HIZIPSTIH XS TVSZMHI HMVIGXMSR JSV XLI TVSTIV ETTPEFWSVTXMSR XIGLRSPSK] ERH XLIVIF] LIPT GSRWYPXMRK IRKMRIIVW ERH HGSRXVEGXSVW GSVVIGXP] ETTP] EFWSVTXMSR GSSPMRK IUYMTQIRX MR ,:%'

;MXL XLEX MR QMRH E LMKL PIZIP TIVWTIGXMZI SJ XLI EFWSVTXMSR TV8LI QERYEP W TVMQEV] GSRGIRXVEXMSR LS[IZIV MW XLI ETTPMGEXMSRGLMPPIVW :EVMSYW W]WXIQ GSRJMKYVEXMSRW EFWSVTXMSR GLMPPIV YERH IGSRSQMG EREP]WIW EVI EHHVIWWIH %PXLSYKL MWWYIW VIPEXIH XSWIVZMGMRK EFWSVTXMSR GLMPPIVW EVI EHHVIWWIH XLMW HSGYQIRX MSV WIVZMGI QERYEP

7]WXIQ HIWMKRIVW QE] KIX XLI QSWX YWI JVSQ XLMW QERYEP F] JEQMPMXLIQWIPZIW [MXL EFWSVTXMSR GLMPPIV FEWMGW ERH YRHIVWXERHMRK X[LMGL XLI EHZERXEKIW SJ EFWSVTXMSR GLMPPIV XIGLRSPSK] EVI FIWX YX8LIVIEJXIV [LIR E WTIGMJMG NSF [SYPH FIRIJMX JVSQ XLIWI EHZERXEKIWETTVSTVMEXI WIGXMSRW SJ XLI QERYEP GER FI GSRWYPXIH MR HIXEMP



¨ %QIVMGER 7XERHEVH -RG %PP VMKLXW VIWIVZIH7=7 %1 1E] M

-PPYWXVEXMSRW

8EFPIW

-RXVSHYGXMSR

%FWSVTXMSR %R 3ZIVZMI[% 'SQTEVMWSR SJ ']GPIW

1IGLERMGEP GSQTVIWWMSR 6IJVMKIVEXMSR%FWSVTXMSR 6IJVMKIVEXMSR%FWSVTXMSR 7]WXIQ *PYMHW'V]WXEPPMÊXMSR

1EGLMRI 'PEWWMJMGEXMSRW3TIVEXMRK 'LEVEGXIVMWXMGW

)GSRSQMGW SJ +EW 'SSPMRK [MXL %FWSVTXMSR;L] 9WI %FWSVTXMSR#

)GSRSQMGW)RZMVSRQIRX*YIP *PI\MFMPMX]

'SIJJMGMIRX SJ 4IVJSVQERGI*MVWX E 7MQTPI 'SQTEVMWSR2I\X ER )\EGXMRK %REP]WMW

7SYVGI )RIVK] 'SRWYQTXMSR'SQTEVMRK 'LMPPIV 1EMRXIRERGI 'SWXW%REP]WMW 8SSPW

7]WXIQ (IWMKR 'SRWMHIVEXMSRW'SSPMRK ;EXIV

)JJIGXW SJ 'SSPMRK [EXIV 8IQTIVEXYVI6ITPEGMRK ER )\MWXMRK 'LMPPIV [MXL ER %FWSVTXMSR 'LM

6ITPEGIQIRX [MXL E 7QEPPIV %FWSVTXMSR 'LMPPIV6ITPEGIQIRX [MXL ER %FWSVTXMSR 'LMPPIV SJ )UYEP 7M^

1YPXMTPI 'LMPPIVW ERH 'SSPMRK 8S[IVW'SSPMRK 8S[IV &]TEWW:EVMEFPI WTIIH 'SSPMRK 8S[IV *ERW'SQFMREXMSR ,]FVMH 4PERXW

0S[ JPS[ %FWSVTXMSR 7]WXIQW%FWSVTXMSR 'LMPPIV 7TIGMEP %TTPMGEXMSRW

,IEXMRK -W %ZEMPEFPI8YVFMRI -RPIX 'SSPMRK,SX %MV EW ER )RIVK] 7SYVGI



¨ %QIVMGER 7XERHEVH -RG %PP VMKLXW V7=7 %1 1E]MM

'SRXVSPW8LI -QTSVXERGI SJ 'SRXVSPW'SRXVSP -QTVSZIQIRXW EX XLI 9RMX 0IZIP

6IWTSRWI XS 'LERKMRK 'SRHMXMSRW%MV -RWMHI XLI 1EGLMRI9XMPM^MRK :EVMEFPI )ZETSVEXSV [EXIV *PS[

'SRXVSPW EX XLI 7]WXIQ 0IZIP'SRXVSP SJ ,IEXMRK 'SSPMRK 'LERKISZIV'LMPPIH [EXIV 6IWIX-RXIVJEGMRK [MXL ER %YXSQEXMSR 7]WXIQ

7]WXIQ 3TXMSRW'SQFMREXMSR TPERX 4MTMRK %VVERKIQIRXW

7IVMIW ERH 4EVEPPIP'SQQSR (IGSYTPIH(IGSYTPIH [MXL 4VIJIVIRXMEP 0SEHMRK7MHIWXVIEQ [MXL 4VIJIVIRXMEP 0SEHMRK

7]WXIQ 3TXMSR %REP]WMW8LIVQEP 7XSVEKI

%FWSVTXMSR 'LMPPIVW ERH 'LMPPIH [EXIV 7XSVEKI%FWSVTXMSR 'LMPPIVW ERH -GI 7XSVEKI

,IEXMRK %TTPMGEXMSRW7MQYPXERISYW ,IEXMRK ERH 'SSPMRK

,IEXMRK 3RP]

-RWXEPPEXMSR 'SRWMHIVEXMSRW'SQFYWXMSR %MV 6IUYMVIQIRXW

7XSMGLMSQIXVMG %MV)\GIWW %MV XLI 4VSTIV %QSYRX:IVMJ]MRK 'SQTPIXI 'SQFYWXMSR 8IWXMRK *PYI +EW 'SQTSWMX

23 \ )QMWWMSRW)\LEYWX KEW (YGX ERH *PYI WXEGO (IWMKR

(IWMKR7XEGO 3TIRMRK7XEGO 0SGEXMSR

'SRWXVYGXMSR1YPXMTPI YRMX -RWXEPPEXMSRW

-QTPMGEXMSRW SJ %7,6%) 7XERHEVH r-RWYPEXMSR SJ ,SX ERH 'SPH %FWSVTXMSR 'LMPPIV 7YVJEGIW1EGLMRIW 7LMTTIH (MWEWWIQFPIH



¨ %QIVMGER 7XERHEVH -RG %PP VMKLXW VIWIVZIH7=7 %1 1E] MM

1EMRXIRERGI 'SRWMHIVEXMSRW'LMPPIV 1EMRXIRERGI

1IGLERMGEP 'SQTSRIRXW6IJVMKIVERX ERH 7SPYXMSR 4YQTW4YVKI9WMRK XLI 4YVKI EW E 'LMPPIV 1EMRXIRERGI 8SSP&YVRIV

,IEX 8VERWJIV 'SQTSRIRXW'SRXVSPW;EXIV ERH 0MXLMYQ &VSQMHI 7SPYXMSR 1EMRXIRERGI

4VIZIRXMZI 1EMRXIRERGI -RWTIGXMSRW JSV %FWSVTXMSR 'LM%Y\MPMEV] )UYMTQIRX 1EMRXIRERGI

'SRGPYWMSR

+PSWWEV]

-RHI\



¨ %QIVMGER 7XERHEVH -RG %PP VMKLXW V7=7 %1 1E]MZ

*MKYVI 1IGLERMGEP GSQTVIWWMSR 6IJVMKIVEXMSR ']GPI*MKYVI %FWSVTXMSR 6IJVMKIVEXMSR ']GPI*MKYVI )\EQTPI 7]WXIQ*MKYVI 7QEPPIV (*% 'LMPPIV*MKYVI )UYMZEPIRX (*% 'LMPPIV*MKYVI 'SSPMRK 8S[IV &]TEWW*MKYVI 'SQFMREXMSR 4PERX )UYEP 'LMPPIV *PS[W*MKYVI 'SQFMREXMSR 4PERX 9RIUYEP 'LMPPIV *PS[W*MKYVI *PS[ 6EXIW ZIVWYW 3TIVEXMRK 'SWXW*MKYVI ,SX %MV EW ER )RIVK] 7SYVGI

*MKYVI 7IVMIW %VVERKIQIRX*MKYVI 4EVEPPIP %VVERKIQIRX*MKYVI 'SQQSR (IGSYTPIH %VVERKIQIRX*MKYVI (IGSYTPIH %VVERKIQIRX [MXL 4VIJIVIRXMEP 0SEHMRK*MKYVI 7MHIWXVIEQ %VVERKIQIRX [MXL 4VIJIVIRXMEP 0SEHMRK*MKYVI 7]WXIQ %REP] IV¬ +VETL*MKYVI ,]FVMH 'LMPPIV 7]WXIQ [MXL -GI*MKYVI )\EQTPI &YMPHMRK 0SEH 4VSJMPI*MKYVI *PYI KEW 6IGMVGYPEXMSR *+6*MKYVI %ZSMH 6IGMVGYPEXMSR SJ )\LEYWX +EW*MKYVI 8]TMGEP )\LEYWX (YGX -RWXEPPEXMSR*MKYVI 1YPXMTPI YRMX -RWXEPPEXMSR



¨ %QIVMGER 7XERHEVH -RG %PP VMKLXW VIWIVZIH7=7 %1 1E] Z

8EFPI 7MRKPI IJJIGX 7XIEQ ,SX ;EXIV 9RMX8EFPI (SYFPI IJJIGX 7XIEQ ,SX ;EXIV 9RMX8EFPI (SYFPI IJJIGX (MVIGX JMVIH 9RMX8EFPI 'LMPPIV 'SWX 'SQTEVMWSR8EFPI 9XMPMX] 'SWX 'SQTEVMWSR8EFPI 69* 'SQTEVMWSR8EFPI 8]TMGEP 'LMPPIV 1EMRXIRERGI 'SWXW8EFPI 1MRMQYQ 1SHIPMRK %REP]WMW 4VSKVEQ 'ETEFMPMXM8EFPI 6ITPEGIQIRX 'SQTEVMWSR8EFPI *PS[ 6EXI 'SQTEVMWSR

8EFPI 3TIVEXMRK 'LEVEGXIVMWXMGW8EFPI 8EFPI SJ %PXIVREXMZIW8EFPI *YIP %MV 6IPEXMSRWLMTW8EFPI 'SQTSWMXMSR SJ *PYI +EW





¨ %QIVMGER 7XERHEVH -RG %PP VMKLXW VIWIVZIH7=7 %1 1E]

'LPSVSJPYSVSGEVFSR '*' PIKMWPEXMSR S^SRI HITPIXMSR KPSFEP [EVQMRIRIVK] IJJMGMIRG]| IPIGXVMG YXMPMX] HIVIKYPEXMSR E XMKLXIRMRK IPIGERH HVEQEXMG MRGVIEWIW MR IPIGXVMGEP IRIVK] ERH HIQERH GSWXW | 8LIWI GSQTPI\MWWYIW GLEPPIRKI XSHE] W ,:%' W]WXIQ HIWMKRIV XS GSRWMHIV EPXXVEHMXMSREP QIGLERMGEP VIJVMKIVEXMSR IUYMTQIRX 3RI WYGL EPXEFWSVTXMSR GLMPPIV

%FWSVTXMSR GLMPPIVW LEZI IRNS]IH [MHIWTVIEH TSTYPEVMX] SYXWMH7XEXIW JSV WSQI XMQI %FWSVTXMSR GLMPPIVW LIEXIH [MXL WXIEQ SJMVIH HMVIGXP] YXMPM^MRK RI[ FYVRIV XIGLRSPSK] YWI XLI TVSZIRIRZMVSRQIRXEPP] GSQTEXMFPI GSQFMREXMSR SJ [EXIV ERH PMXLMYQ FV

HMVIGX JMVIH EFWSVTXMSR (*% GLMPPIV HIWMKR WMQTP] WYFWXMXJSV XLI GSRZIRXMSREP WXIEQ LSX [EXIV KIRIVEXSV ERH EY\MPMEV] FSMGLMPPIV IJJMGMIRGMIW VSFYWX QEXIVMEPW [MXLMR XLI GLMPPIV ERIRLERGI XLI FIRIJMXW SJ ETTP]MRK EFWSVTXMSR GLMPPIVW 8LI EFMPMIPIGXVMG GSSPMRK HYVMRK TIEO LSYVW JYIP GLSMGI JPI\MFMPMX] ERHIWMKR ERH GSRXVSP LEZI VIWYPXIH MR E VIREMWWERGI JSV EFWSVT




% 'SQTEVMWSR SJ ']GPIW

0MOI QIGLERMGEP GSQTVIWWMSR VIJVMKIVEXMSR EFWSVTXMSR VIJVMKIVEXLI TVMRGMTPIW SJ LIEX XVERWJIV ERH E VIJVMKIVERX W GLERKI SJ WXEGSSPMRK 8S MPPYWXVEXI LS[ XLI EFWSVTXMSR G]GPI [SVOW PIX W GSQQSVI JEQMPMEV QIGLERMGEP VIJVMKIVEXMSR G]GPI

1IGLERMGEP GSQTVIWWMSR 6IJVMKIVEXMSR

6IJIV XS *MKYVI JSV XLI JSPPS[MRK HMWGYWWMSR -R XLI QIGLERMGEP

VIJVMKIVEXMSR G]GPI LMKL TVIWWYVI PMUYMH VIJVMKIVERX IRXIVW XLIZETSVEXSV XLVSYKL E QIXIVMRK HIZMGI² ;LIR XLI PMUYMH TEWWIW XLVSYKLQIXIVMRK HIZMGI MXW TVIWWYVI MW EFVYTXP] VIHYGIH XS XLEX SJ XLXLMW PS[ TVIWWYVI E WQEPP TSVXMSR SJ XLI PMUYMH FSMPW MQQIHMEVIQEMRMRK PMUYMH XS IZETSVEXSV XIQTIVEXYVI 3RGI MR XLI IZETSVEXGSPH PMUYMH VIJVMKIVERX EFWSVFW LIEX JVSQ XLI GSQTEVEXMZIP] [EVQERH IZETSVEXIW³ 8LI XVERWJIV SJ LIEX EWWSGMEXIH [MXL XLMW IZETSVTVSGIWW PS[IVW XLI XIQTIVEXYVI SJ XLI W]WXIQ [EXIV TVSZMHMRK XLIGSSPMRK IJJIGX

1EMRXEMRMRK XLI TVIWWYVI HMJJIVIRGI FIX[IIR XLI LMKL TVIWWYVI ERHTVIWWYVI WMHIW SJ XLI G]GPI XLI GSQTVIWWSV HVE[W GSSP PS[ TVIWWVIJVMKIVERX ZETSV JVSQ XLI IZETSVEXSV GSQTVIWWIW MX´ XLIR HMWGLEVKIW MX

XLI GSRHIRWIV EW LSX LMKL TVIWWYVI ZETSV ,IVI XLI LIEX SJ ZETSVMGSQTVIWWMSR GEVVMIH F] XLI VIJVMKIVERX QSZIW XS XLI GSSPMRK [EXIVZETSV XS GSRHIRWI EX E VIPEXMZIP] LMKL TVIWWYVI ERH XIQTIVEXYVIµ %W E LMKLTVIWWYVI PMUYMH XLI VIJVMKIVERX VIXYVRW XS XLI QIXIVMRK HIZMGIXLI IZETSVEXSV ERH XLI G]GPI VITIEXW MXWIPJ

Condense

CoolingWater

Evaporate

SystemWater

Expand

Compress

*MKYVI 1IGLERMGEP GSQTVIWWMSR 6IJVMKIVEXMSR ']GPI




%FWSVTXMSR 6IJVMKIVEXMSR

%R EFWSVFIV KIRIVEXSV TYQT ERH VIGYTIVEXMZI LIEX I\GLERKIV VIGSQTVIWWSV MR EFWSVTXMSR VIJVMKIVEXMSR EW WLS[R MR *MKYVIGSQTVIWWMSR VIJVMKIVEXMSR XLI G]GPI FIKMRW [LIR LMKL TVIWWYVVIJVMKIVERX JVSQ XLI GSRHIRWIV TEWWIW XLVSYKL E QIXIVMRK HIZM² MRXS XLIPS[IV TVIWWYVI IZETSVEXSV³ ERH GSPPIGXW MR XLI IZETSVEXSV TER SV WFIJSVI XLI JPEWLMRK XLEX SGGYVW EX XLI IRXVERGI XS XLI IZETSVEXVIQEMRMRK PMUYMH VIJVMKIVERX 7MQMPEVP] XLI XVERWJIV SJ LIEXGSQTEVEXMZIP] [EVQ W]WXIQ [EXIV XS XLI RS[ GSSP VIJVMKIVERX GEYWXS IZETSVEXI³ ERH XLI VIWYPXMRK VIJVMKIVERX ZETSV QMKVEXIW XSTVIWWYVI EFWSVFIV´ 8LIVI MX MW WSEOIH YT F] ER EFWSVFIRX PMXLMWSPYXMSR 8LMW TVSGIWW RSX SRP] GVIEXIW E PS[ TVIWWYVI EVIE XGSRXMRYSYW JPS[ SJ VIJVMKIVERX ZETSV JVSQ XLI IZETSVEXSV XS XLIEPWS GEYWIW XLI ZETSV XS GSRHIRWI´ EW MX VIPIEWIW XLI LIEX SJ ZETSVMTMGOIH YT MR XLI IZETSVEXSV 8LMW LIEX EPSRK [MXL XLI LIEX SJEW XLI VIJVMKIVERX GSRHIRWEXI QM\IW [MXL XLI EFWSVFIRX MW XVGSSPMRK [EXIV ERH VIPIEWIH MR XLI GSSPMRK XS[IV

3J GSYVWI EWWMQMPEXMRK VIJVMKIVERX HMPYXIW XLI PMXLMYQ FVVIHYGIW MXW EJJMRMX] JSV VIJVMKIVERX ZETSV 8S WYWXEMR XLI VIWSPYXMSR QYWX FI VIGSRGIRXVEXIH 8LMW MW EGGSQTPMWLIH F] GSRµ HMPYXI WSPYXMSR JVSQ XLI EFWSVFIV XS XLI KIRIVEXSV¶ [LIVI XLI EHHMXMSR

CoolingWater

CoolingWater

Generate

SystemWater

Condense

Expand

Evaporate

Absorb

HeatExchanger

*MKYVI %FWSVTXMSR 6IJVMKIVEXMSR ']GPI






'V]WXEPPMÊXMSR

2S HMWGYWWMSR SJ XLI EFWSVTXMSR VIJVMKIVEXMSR G]GPI [SYPH FIEX PIEWX FVMIJP] EHHVIWWMRK XLMW XSTMG 0MOI QSWX WEPXW PGV]WXEPPMRI WXVYGXYVI [LIR WSPMH MW WSPYFPI MR [EXIV ERH TVWSPYXMSR M I GV]WXEPPMÎW [LIR MXW WEXYVEXMSR TSMRX MW I\GV]WXEPPMÊXMSR VIWYPXW MR E WPYWL PMOI QM\XYVI XLEX GER TPJPYMH TEWWEKIW QEOMRK XLI QEGLMRI MRSTIVEFPI

'V]WXEPPMÊXMSR HSIW RSX LEVQ EFWSVTXMSR IUYMTQIRX FYX MW EW]QTXSQ SJ XVSYFPI ;LMPI EMV PIEOEKI MRXS XLI QEGLMRI MW QSWX

SXLIV GSQQSR GEYWIW MRGPYHI MQTVSTIV GSRXVSP WIXXMRK W PSGSSPMRK [EXIV ERH IPIGXVMGEP TS[IV JEMPYVIW 3RGI E QEGLMRI GVSTIVEXMSR GER SRP] FI VIWYQIH EJXIV XLI GSRGIRXVEXIH WSPYXMSR XVEMWIH EFSZI MXW WEXYVEXMSR TSMRX XLI WSPYXMSR GSRGIRXVEXM%X XLMW IPIZEXIH XIQTIVEXYVI SV EX VIHYGIH GSRGIRXVEXMSR XLIVIXYVR XS WSPYXMSR JVIIMRK XLI QEGLMRI

'YVVIRX EFWSVTXMSR QEGLMRIW [MXL XLIMV MQTVSZIH LIVQIXMG MRGSRWXVYGXMSR ERH IWTIGMEPP] EHZERGIH GSRXVSPW EVI HIWMKRIHFVSEH VERKI SJ STIVEXMRK GSRHMXMSRW [MXLSYX HERKIV SJ GV]WXEPMRGPYHI GSRGIRXVEXMSR GSRXVSPW EW JYVXLIV TVSXIGXMSR 'SRWIUYGV]WXEPPMÊXMSR VEVIP] SGGYVW MR QSHIVR EFWSVTXMSR QEGLMRIWSTIVEXIH ERH QEMRXEMRIH

1EGLMRI 'PEWWMJMGEXMSRW

;EXIV ERH PMXLMYQ FVSQMHI EFWSVTXMSR IUYMTQIRX MW GPEWWMJMQIXLSH M I LS[ XLI TVMQEV] KIRIVEXSV MW LIEXIH ERH [LIXLIV MXWMRKPI IJJIGX SV E QYPXMTPI IJJIGX KIRIVEXSV

n -RHMVIGX JMVIH QEGLMRIW EVI LIEXIH [MXL WXIEQ SV LSX PMUYMHFSMPIV SV [EWXI IRIVK] WXIEQ WYGL EW KEW XYVFMRI I\LEYWXQEGLMRIW EVI LIEXIH ZME XLI GSQFYWXMSR SJ JSWWMP JYIPW

n %FWSVTXMSR IUYMTQIRX [MXL E WMRKPI KIRIVEXSV MW WMRKPI IJJ

IJJIGX SV QYPXMTPI WXEKI QEGLMRIW LEZI QYPXMTPI KIRIVEXSVW XFSXL PS[ XIQTIVEXYVI ERH LMKL XIQTIVEXYVI %PP GSQQIVGMEPP] EHMVIGX JMVIH YRMXW EVI HSYFPI IJJIGX QEGLMRIW

0MOI QIGLERMGEP GSQTVIWWMSR VIJVMKIVEXMSR GLMPPIVW EFWSVTXMEPWS FI GPEWWMJMIH F] XLI GSRHIRWMRK QIXLSH IQTPS]IH IMXLIV EM[EXIV GSSPIH 4L]WMGEP WMÎ PMQMXEXMSRW X]TMGEPP] GSRWXVEMR EXS EQQSRME ERH [EXIV EFWSVTXMSR IUYMTQIRX ETTPMIH MR VIWMHIRGSQQIVGMEP ETTPMGEXMSRW M I XSR XS XSR ? O; XS O;A GEEHHIH [EXIV XVIEXQIRX ERH QEMRXIRERGI GSWXW QSWX PEVKI GSQQI

*SV E KIRIVEP HMWGYWWMSR SJ EFWSVTXMSRVIJVMKIVEXMSR ERH GSSPMRK XS[IVJYRHEQIRXEPW VIJIV XS 'LETXIV SJ XLI

%7,6%) 6IJVMKIVEXMSR ,ERHFSSO ERH'LETXIV SJ XLI %7,6%) ,:%'7]WXIQW ERH )UYMTQIRX ,ERHFSSO VIWTIGXMZIP]




XS XSRW ? XS O;A [EXIV ERH PMXLMYQ FVSQMHI EFWSVTXIUYMTQIRX IQTPS]W [EXIV GSSPIH GSRHIRWMRK ERH MR TEVXMGYPEV GSSPFIGEYWI SJ MXW LMKLIV IRIVK] IJJMGMIRG] EX HIWMKR GSRHMXMSRW

2SX[MXLWXERHMRK XLIWI HMWXMRGXMSRW STIVEXMSR SJ EPP [EXIV ERHGLMPPIVW [LIXLIV HMVIGX JMVIH SV MRHMVIGX JMVIH WMRKPI IJJIGX SEMV GSSPIH SV [EXIV GSSPIH MW FEWIH SR XLI JYRHEQIRXEP EFWSVTXMSVIJVMKIVEXMSR TVMRGMTPIW NYWX HIWGVMFIH

3TIVEXMRK 'LEVEGXIVMWXMGW

(SYFPI IJJIGX HMVIGX JMVIH EFWSVTXMSR QEGLMRIW EVI X]TMGEPP] JMVIHKEW SV 2S JYIP SMP XLSYKL WSQI LEZI HYEP JYIP GETEFMPMXMIW EW8]TMGEP JYPP PSEH 'SIJJMGMIRXW SJ 4IVJSVQERGI '34W EVI EFSYX FELMKLIV LIEXMRK ZEPYI ,,: SJ XLI JYIP 8LIWI QEGLMRIW EVI GSQQIVGMEEZEMPEFPI JVSQ WIZIVEP QERYJEGXYVIVW ERH LEZI VIJVMKIVEXMSR GETEGJVSQ XS XSRW ? XS O;A

+IRIVEPP] XIQTIVEXYVIW JSV GLMPPIH [EXIV PIEZMRK XLI IZETSVEXSV EVI* ? ' XS 'A MR HMVIGX JMVIH EFWSVTXMSR ETTPMGEXMSRW 9T

PMQMXW SJ XLMW VERKI EVI IWXEFPMWLIH VIWTIGXMZIP] F] HIWMKR GTYQT PYFVMGEXMSR [LMGL MW WSQI[LEX JPI\MFPI ERH XLI VIJVMKIVERXTSMRX [LMGL JSV [EXIV MW * ? 'A 8LI PEXXIV QIERW XLEX SYX

MRWXEPPEXMSR HIWTMXI MXW EHZERXEKI SJ QMRMQM^MRK XLI EQSYRXSGGYTMIH F] GSSPMRK IUYMTQIRX MW WIPHSQ E ZMEFPI EPXIVREXMZI 'SGLMPPIV QERYJEGXYVIV MJ GSRWMHIVMRK ER SYXHSSV MRWXEPPEXMSR )ETTVSEGL XIQTIVEXYVI WSPYXMSR GSRGIRXVEXMSR ERH WEJIX] PMQMXEMRJPYIRGI XLI PIEZMRK IZETSVEXSV GLMPPIH [EXIV XIQTIVEXYVI

%GGITXEFPI XIQTIVEXYVIW JSV GSSPMRK [EXIV IRXIVMRK XLI EFWSVFIVrGSRXYFI FYRHPI YWYEPP] VERKI JVSQ * XS * ? ' XS 'A 0MUYMFIX[IIR XLI LMKL TVIWWYVI ERH PS[ TVIWWYVI WMHIW SJ XLI QEGLMRI KEFWSVFIV ERH SV GSRHIRWIVrIZETSVEXSV JM\ XLI YTTIV VERKI PMQMX 8JYRGXMSR EX LMKL TVIWWYVI HMJJIVIRXMEPW 8LI PS[IV VERKI PMQMX LTVSTIV STIVEXMSR F] QEMRXEMRMRK XLI QEGLMRI W HIWMKRIH WSPYXMSGSRGIRXVEXMSR FEPERGI l'SSPMRK ;EXIV z FIKMRRMRK SR TEKI SJ XL7]WXIQ

(IWMKR 'SRWMHIVEXMSRW WIGXMSR VIZMI[W XLI IJJIGXW SJ GSSPMRK [EXIVXIQTIVEXYVI SR XLI TIVJSVQERGI SJ GLMPPIVW

7II 8EFPI ERH 8EFPI SR TEKI ERH 8EFPI SR TEKI JSV GSQQSRTIVJSVQERGI GLEVEGXIVMWXMGW SJ EFWSVTXMSR IUYMTQIRX

-J XLI EFWSVTXMSR GLMPPIV MW ETTPMIHSYXHSSVW XLI MRWXEPPIV QYWX TVSZMHI EQIERW XS TVIZIRX XLI XIQTIVEXYVI SJ XLIEQFMIRX EMV MQQIHMEXIP] WYVVSYRHMRK XLIGLMPPIV JVSQ JEPPMRK XS XLI VIJVMKIVERX WJVII^MRK TSMRX




8EFPI 7MRKPI IJJIGX 7XIEQ ,SX ;EXIV 9RMX

'LMPPIV 'LEVEGXIVMWXMG 6EXIH 'SRHMXMSR 3TIVEXMRK 6ERKI

*YIP 'SRWYQTXMSR 7XIEQ PF XSR LV $TWMK

7XIEQ MR ,Kr TWMK? r O4EA

,SX ;EXIV r °*? r °'A

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n XLI PS[IV LIEXMRK ZEPYI 0,: [LMGL EW SRI QMKLX I\TIGX HSIWGVIHMX JSV XLI PEXIRX LIEX SJ ZETSVMÊXMSR

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7MRGI GSRHIRWIH JPYI TVSHYGXW EVI LMKLP]GSVVSWMZI QER] QERYJEGXYVIVW GLSSWI RSXXS GSRHIRWI XLI JPYI TVSHYGXW 'LMPPIVWWLSYPH LS[IZIV WXMPP FI GSQTEVIH ERHIZEPYEXIH YWMRK XLI JYIP W ,,:




GSQTEVMWSR# ;EXIV TVSHYGIH F] GSQFYWXMSR MW RSX GSRHIRWIH MR QJMVIH EFWSVTXMSR ETTPMGEXMSRW -X XLIVIJSVI WIIQW PSKMGEP XS YWEGGSYRX JSV [EXIV ZETSVMÊXMSR

&YX MW XLI HMWTEVMX] FIX[IIR '34,,: ERH '340,: VIEPP] WMKRMJMGERX IRSYKLHMWXSVX XLI VIWYPXW SJ ER IRIVK] EREP]WMW# 0IX W PSSO EX ER I\EQT7YTTSWI E GPMIRX S[RIV MW GSRWMHIVMRK XLI JIEWMFMPMX] SJ E HMVIGGLMPPIV JSV E WU JX ? QA SJJMGI FYMPHMRK MR 7X 0SYMW 8LI FHIWMKR PSEH MW GSSPMRK XSRW ? O;A [MXL IUYMZEPIRX JERRYEPP] %W XLI W]WXIQ HIWMKRIV [I PP QEOI EREP]WIW *MVWX EGSQTEVMWSR SJ GLMPPIV IRIVK] GSRWYQTXMSR XLIR E QSVI VMKSVSYW

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*MVWX E 7MQTPI 'SQTEVMWSR

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2I\X ER )\EGXMRK %REP]WMW

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8EFPI 69* 'SQTEVMWSR

*YIP 8]TMGEP 69*

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4YVGLEWIH WXIEQ SV LSX [EXIV r

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r

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8LI LMKLIV GSWX SJ EFWSVTXMSR QEMRXIRERGI GER FI I\TPEMRIH EX PYRJEQMPMEVMX] =IEVW SJ I\TIVMIRGI MRWXEPPIH YRMXW ERH EGXMRYQFIV EFSYX XMQIW PIWW JSV EFWSVTXMSR GLMPPIVW XLER JSVGLMPPIVW 2IZIVXLIPIWW XLI QEMRXIRERGI VIUYMVIQIRXW JSV XLIWIMRLIVIRXP] WMQMPEV

n &SXL GLMPPIVW VIUYMVI ER ERRYEP GLIGOSYX SJ GSRXVSPW

n &SXL GLMPPIVW LEZI XYFI WYVJEGIW XLEX VIUYMVI ERRYEP GPIERMWPMKLXP] QSVI JSV EFWSVTXMSR YRMXW WMRGI XLI] MRGPYHI ER[IPP EW E GSRHIRWIV FYRHPI

n &SXL GLMPPIVW GSRXEMR JPYMHW XLEX VIUYMVI TIVMSHMG GLIGOSMP MR IPIGXVMG QEGLMRIW PMXLMYQ FVSQMHI WSPYXMSR ERH GEFWSVTXMSR YRMXW

n &SXL YRMXW MRGPYHI QSZMRK TEVXW E TYVKI ERH IMXLIV E TYQGLMPPIV SV E PEVKI LSVWITS[IV QSXSV ERH GSQTVIWWSV IPIGXVM

3J GSYVWI MX MW MQTSVXERX XS YRHIVWXERH XLEX EFWSVTXMSR QYRHIV LMKLIV ZEGYYQ ERH [MXLMR E REVVS[IV TVIWWYVI VERKI XLERGLMPPIVW 'SRWIUYIRXP] XLI] EVI PIWW XSPIVERX SJ PIEOW ERH VIUY[IIOP] QSRXLP] FEWMW XS TVIZIRX EGGYQYPEXMSR SJ RSRGSRHIRWEFPIW[SYPH SXLIV[MWI HMWVYTX XLI EFWSVTXMSR TVSGIWW 3R QSWX EFWTYVKI MW RS[ EYXSQEXMG XLIVI MW XLIVIJSVI RS QEMRXIRERGI GS

8EFPI 8]TMGEP 'LMPPIV 1EMRXIRERGI 'SWXW

'LMPPIV 8]TI 8SR =IEV =IEV

0S[ TVIWWYVI IPIGXVMG GIRXVMJYKEP MRGPYHMRK PS[ ZSPXEKIWXEVXIV

r r

,MKL TVIWWYVI IPIGXVMG GIRXVMJYKEP MRGPYHMRK PS[ ZSPXEKIWXEVXIV

r r

7MRKPI IJJIGX WXIEQ EFWSVTXMSR r r

(SYFPI IJJIGX WXIEQ EFWSVTXMSR r r

(SYFPI IJJIGX HMVIGX JMVIH EFWSVTXMSR GSSPMRK SRP] r

(SYFPI IJJIGX HMVIGX JMVIH EFWSVTXMSR GSSPMRK ERH LIEXMRK r

'SRXVEGX GSWX IWXMQEXIW EVI FEWIH SR E ]IEV QEMRXIRERGI TPER JSV E XSR G




XLI YRMX %FWSVTXMSR GLMPPIV TYQTW EVI X]TMGEPP] WGLIHYPIH JSV [IIZIV] ]IEVW GSRXVEWXIH XS GSWXP] GSQTVIWWSV QSXSV XIEVHS[RW XLWGLIHYPIH EX ]IEV MRXIVZEPW JSV IPIGXVMG GLMPPIVW

%REP]WMW 8SSPW

7]WXIQ HIWMKRIVW QYWX HIGMHI [LEX X]TIW SJ GLMPPIVW XS WIPIGX ERPSGEXI GSQTSRIRXW ERH XLIR QYWX NYWXMJ] XLIMV HIGMWMSRW 7LSVG]GPIW VIHYGI XLI XMQI EZEMPEFPI XS IZEPYEXI ZEVMSYW EPXIVREXMZIWXMQI XLI KVS[MRK RYQFIV SJ GLMPPIV X]TIW ERH STXMSRW EZEMPEFPI QIZEPYEXMSR GVMXMGEP XS EGLMIZMRK STXMQEP HIWMKRW

1ER] TISTPI YWI XLI FSXXSQ PMRI ,S[ QYGL HSIW MX GSWX# EW XLI YPXMGVMXIVMSR [LIR QEOMRK HIGMWMSRW VIPEXIH XS GSQJSVX W]WXIQW :MJVSQ XLI WXERHTSMRX SJ IRIVK] ERH MRWXEPPIH GSWXW YWI SJ ER EFWGER FI HMJJMGYPX XS NYWXMJ] 8S HIVMZI XLI QSWX FIRIJMX JVSQ MXW WWLSYPH FI IZEPYEXIH MR XIVQW SJ XLI W]WXIQ

(IXIVQMRMRK IGSRSQMG ERH IRIVK] XVEHI SJJW FIX[IIR KEW GSSPMRK IPIGGSSPMRK ERH GSQFMREXMSR TPERXW GER FI E GSQTPI\ ERH XMQI GSRWYTVSGIWW WII l7]WXIQ 3TXMSRWz SR TEKI *SVXYREXIP] XLI EZEMPEFGSQTYXIVMÎH EREP]WMW XSSPW KMZIW HIWMKRIVW XLI IEWI ERH JPI\MFMXLI GSWX ERH TIVJSVQERGI SJ ZEVMSYW W]WXIQ EPXIVREXMZIW ERH EVV

GSQTEVEXMZI VIWYPXW 7YGL TVSKVEQW XLI 9 7 (ITEVXQIRX SJ )RIVK] WERH 8VERI W 86%') 8VERI %MV 'SRHMXMSRMRK )GSRSQMGW ERH 7]WXIQ%REP]ÎV¬ WSJX[EVI JSV I\EQTPI QSHIP FYMPHMRK IRIVK] TIVJSVQERGI FEWSR WXVYGXYVEP GSQTSRIRXW [IEXLIV HEXE JYPP PSEH ERH TEVX PSEHTIVJSVQERGI ERH ERXMGMTEXIH STIVEXMRK TEXXIVRW 8EFPI WYQQEVMGETEFMPMXMIW WYKKIWXIH JSV QSHIPMRK EREP]WMW TVSKVEQW

8EFPI 1MRMQYQ 1SHIPMRK %REP]WMW 4VSKVEQ 'ETEFMPMXMIW

+IRIVEP &YMPHMRK 7]WXIQ )UYMTQIRX )GSRSQMGW

;IEXLIV %VGLMXIGXYVI %MVWMHI 8]TI 'LMPPIV%VVERKIQIRX

9XMPMX] 6EXIW ERH-RGIRXMZIW

0SEH1IXLSHSPSK] +PE^MRK ERH(E]PMKLXMRK ,IEX 6IGSZIV] 'SSPMRK 8S[IVWERH 4YQTW -RWXEPPIH ERH3TIVEXMRK 'SWXW

'SRWXVYGXMSRERH 1EWW

%YXSQEXIH'SRXVSP

'LMPPIV 8]TIWERH *YIPW

7MQTPI 4E]FEGOERH 6IXYVR SR

-RZIWXQIRX

9WI )GSRSQM IVW 8LIVQEP 7XSVEKI 'EWL *PS[W




%RSXLIV WSYVGI JSV MRJSVQEXMSR SR KEW GSSPMRK IUYMTQIRX ERHIRIVK] EREP]WMW XSSP IRXMXPIH l+EW 'SSPMRK +YMHI z %ZEMPEFPI SR-RXIV)RIVK]¬ XLI +EW 'SSPMRK +YMHI TVSZMHIW E GSRZIRMIRX ERH EGQIERW JSV WGVIIRMRK TSXIRXMEP KEW GSSPMRK MRWXEPPEXMSRW 8LIYWI TMIGI SJ WSJX[EVI XLEX MW HIWMKRIH JSV ER]SRI [LS LEW ER MRYRHIVWXERHMRK QSVI EFSYX KEW GSSPMRK XIGLRSPSK] -X [EW HIZIPSGSRNYRGXMSR [MXL XLI +EW 6IWIEVGL -RWXMXYXI +6- ERH JIEXYVIWYRHIVWXERH XIGLRSPSK] HIWGVMTXMSRW GEWI WXYHMIW TVSHYGX GIGSRSQMG EREP]WMW GETEFMPMX]

;MXL XLI EMH SJ EREP]WMW XSSPW XLI HIWMKRIV GER IJJIGXMZIP] ER

TVSZMHI E GYWXSQIV [MXL IGSRSQMG NYWXMJMGEXMSR JSV TVSWTIGXEPXIVREXMZIW 'SQTYXIVMÎH EREP]WMW XSSPW LEZI EPWS TVSZIR IJJIGXSJ PEVKIV WGSTI JSV I\EQTPI XS I\EQMRI ZEVMSYW WIKQIRXW SJ XLIQEVOIX % WLSVX FMFPMSKVETL] SJ EVXMGPIW VIWYPXMRK JVSQ XLIWWXYHMIW JSPPS[W

n %PXLSJ .E] l'SQTYXIV 1SHIPMRK SJ +EW 'SSPMRK 3TXMSRW z)RIVK] 7EZMRK(MKIWX %QIVMGER +EW %WWSGMEXMSR ;MRXIV TT r

n %PXLSJ . ERH . 1SRJVI l,:%' JSV 8SHE] W ,SWTMXEPW z,IEXMRK 4MTMRK %'SRHMXMSRMRK.YP] TT

n 0EVWSR 6SKIV ERH 'EVP &EYIVWJMIPH .V l;IMKLMRK XLI &IRIJMXW'SSPMRK z)RIVK] 7EZMRK (MKIWX %QIVMGER +EW %WWSGMEXMSR ;MRTT r

n 2SVHIIR %RH] ERH 1MGO 7GL[IHPIV l0S[ *PS[ ;SVOW JSV %FWSVFIVW'SRXVEGXMRK &YWMRIWW2SZIQFIV TT r

n 4E[IPWOM 1MOI ERH 1MOI &]EVW l+EW 4PYW )PIGXVMGMX] )UYEPW4PERX 7IVZMGIW.YP] TT r

n 7YR 8WIRK =ES l%TTPMGEXMSRW SJ +EW JMVIH %FWSVTXMSR 'LMP,IEXMRK 4MTMRK %MV 'SRHMXMSRMRK1EVGL TT r




'SSPMRK ;EXIV

8LI GSSPMRK XS[IV TPE]W E GVMXMGEP VSPI MR XLI WYGGIWW SJ ER EFWMRWXEPPEXMSR 8LMW GLETXIV VIZMI[W XLI IJJIGXW SJ GSSPMRK XS[IV [EXIQTIVEXYVI SR EFWSVTXMSR GLMPPIV TIVJSVQERGI ERH HMWGYWWIW XLIGSRWMHIVEXMSRW EWWSGMEXIH [MXL

n VITPEGMRK ER I\MWXMRK GLMPPIV [MXL E QEGLMRI SJ IUYEP SV WQEP

n MRWXEPPMRK QYPXMTPI GLMPPIVW MR XLI WEQI GLMPPIV TPERX ERH

n ETTP]MRK EFWSVTXMSR IUYMTQIRX [MXL SXLIV X]TIW SJ GLMPPIVW MRTPERX

)JJIGXW SJ 'SSPMRK [EXIV 8IQTIVEXYVI

'SSPMRK XS[IV [EXIV XIQTIVEXYVIW MQTEGX XLI STIVEXMSR SJ EFWSVTXMSIUYMTQIRX ;LIR XLI IRXIVMRK GSSPMRK [EXIV XIQTIVEXYVI MRGVIEWIWGETEGMX] HIGVIEWIW -R TEWX HIWMKRW XLIWI GETEGMX] HIGVIEWIW GSWYFWXERXMEP EW QYGL EW JSV IZIV]°* ? °'A VMWI 8LMW SGGYVW FIGEXLI EFWSVFIRX GSRGIRXVEXMSR QYWX FI LMKLIV XS QIIX GETEGMX] ERHLIEX MRTYX QYWX EPWS FI MRGVIEWIH 4EWX EFWSVTXMSR GLMPPIV HIWI\TIVMIRGI STIVEXMSREP TVSFPIQW MJ XLI XS[IV [EXIV XIQTIVEXYVI FIGSQIWPS[ -R KIRIVEP RI[ GLMPPIV ERH GSRXVSP HIWMKRW LEZI SZIVGSQI XLIWI

%FWSVTXMSR GLMPPIV HIWMKRW EVI RS[ FEWIH SR PS[IV JPS[ VEXIW XLVSGSRHIRWIV 8LMW JEGX GER FI YWIH HYVMRK W]WXIQ HIWMKR XS VIHYGIUYMTQIRX TS[IV HVE[ W]WXIQ STIVEXMRK GSWXW ERH IZIR W]WXIQ MRGSWXW *YVXLIV HMWGYWWMSR SJ XLMW XSTMG MW GSRXEMRIH MR XL%FWSVTXMSR 7]WXIQWz SR TEKI

(YVMRK STIVEXMSR YRMX GSRXVSPW RS[ ZEV] WSPYXMSR JPS[ XLVSYKLSYXLYW EPPS[MRK QYGL QSVI JPI\MFMPMX] MR XLI XS[IV [EXIV XIQTIVEXYVIWFI EGGSQQSHEXIH 1SVI MRJSVQEXMSR MW EZEMPEFPI MR XLI WIGXMSR l'S-QTVSZIQIRXW EX XLI 9RMX 0IZIPz SR TEKI

6IGIRX EFWSVTXMSR GLMPPIVW EVI HIWMKRIH XS FI EFPI XS STIVEXI [MXL[EXIV MRPIX XIQTIVEXYVIW EW PS[ EW * ? 'A 1ER] GER WXEVX [MXIQTIVEXYVIW EW PS[ EW * ? 'A TVSZMHIH XLMW [EXIV [EVQW YT? 'A [MXLMR XS QMRYXIW -R QER] GEWIW XLMW QIERW XLEX ERSX VIUYMVIH EPXLSYKL XLMW WLSYPH FI ZIVMJMIH F] XLI W]WXIQ HIW

6ITPEGMRK ER )\MWXMRK 'LMPPIV [MXL ER %FWSVTXMSR '

8SHE] EFWSVTXMSR QEGLMRIW EVI GSRWMHIVIH ZMEFPI VITPEGIQIRXW JSVGLMPPIVW IWTIGMEPP] MJ VITPEGIQIRX GSWXW GER FI QMRMQMÎH F] VIXSJ XLI GLMPPIV TPERX GSSPMRK XS[IV GSRHIRWIV TYQT IXG 3J GSYV

;LIR HIWMKRMRK ER EFWSVTXMSR GLMPPIVMRWXEPPEXMSR JSV LMKLIV IPIZEXMSRWGSRWMHIVEXMSR QYWX FI KMZIR XS XLI IJJIGXSJ EPXMXYHI SR GLMPPIV STIVEXMSR %X LMKLIVIPIZEXMSRW MX [MPP FI RIGIWWEV] XS MRGVIEWIXLI WXIEQ TVIWWYVI XS XLI GLMPPIV 'SRWYPXIPIZEXMSR XEFPIW XS HIXIVQMRI XLI WXIEQTVIWWYVI VIUYMVIH EX E KMZIR IPIZEXMSR

-R XLMW HMWGYWWMSR XLI XIVQW IRXIVMRKGSSPMRK [EXIV XIQTIVEXYVI ERH PIEZMRKXS[IV [EXIV XIQTIVEXYVI EVI YWIHMRXIVGLERKIEFP] EW EVI PIEZMRK GSSPMRK[EXIV XIQTIVEXYVI ERH IRXIVMRK XS[IV[EXIV XIQTIVEXYVI




I\MWXMRK XS[IV ERH TYQTW QE] TL]WMGEPP] PMQMX EFWSVTXMSR GLMJSPPS[MRK I\EQTPI MPPYWXVEXIW XLI W]WXIQ TIVJSVQERGI MQTEGX SJ GEFWSVTXMSR GLMPPIV SJ IUYEP SV WQEPPIV WMÎ XLER XLI QEGLMRI M

3YV I\EQTPI W]WXIQ MR *MKYVI MRGPYHIW E XSR ? O;A IPIGWPEXIH JSV VITPEGIQIRX MX [EW HIWMKRIH XS HIPMZIV°* ? °'A [EXIV XS XLIGSSPMRK XS[IV EX KTQ ? 0TWA 8LI GSSPMRK XS[IV MR XYVXS TVSHYGI °* ? °'A [EXIV EX ER EQFMIRX [IX FYPF XIQTIVEXYVI SJ°*? °'A 'SSPMRK XS[IVW MR QIGLERMGEP GSQTVIWWMSR VIJVMKIVEXMEVI GSQQSRP] HIWMKRIH JSV KTQ ? 0TWA TIV XSR [MXL ER ETTVS°*? °'A XIQTIVEXYVI GLERKI 6INIGXMSR LIEX XLI EQSYRX SJ LIEX VIN

GSSPMRK XS[IV EX XLIWI GSRHMXMSRW MW 1&L ? O;A ERH[MXL XLI JSPPS[MRK IUYEXMSR

6ITPEGMRK XLI IPIGXVMG GLMPPIV [MXL ER EFWSVTXMSR GLMPPIV RSX X]TI SJ VINIGXMSR LIEX JVSQ GSQTVIWWMSR XS JMVMRK FYX EPWSVINIGXIH ;LMPI XLI IZETSVEXSV PSEH MW XLI WEQI XLI GSSPMRK XS[VINIGX QSVI GLMPPIV LIEX M I EFWSVFIV PSEH EW [IPP EW GSRHIRWUYERXMJ] XLI GLMPPIV LIEX MRTYX SJ E HMVIGX JMVIH EFWSVTXMSR QLIEX MRTYX ERH FYVRIV IJJMGMIRG] ZEPYIW

%FWSVTXMSR QEGLMRIW EVI UYMXI SJXIRWIPIGXIH [MXL IRXIVMRK ERH PIEZMRKGSSPMRK [EXIV XIQTIVEXYVIW SJ°*? °'A ERH °* ? °'A VIWTIGXMZIP]*SV WMQTPMGMX] XLI I\EQTPIW WLS[R LIVIHS RSX EHHVIWW XLI RIKEXMZI IJJIGX SJMRGVIEWIH IRXIVMRK GSSPMRK [EXIV

XIQTIVEXYVIW SR XLI EFWSVTXMSR GLMPPIV W'34 ;LIR XLI GLMPPIV PIEZMRK GSSPMRK[EXIV XIQTIVEXYVI MRGVIEWIW XLI '34HIGVIEWIW ERH XLI EQSYRX SJ LIEX VINIGXIHMRGVIEWIW *SV WSQI GLMPPIV HIWMKRW XLI'34 VIHYGXMSR GER FI WMKRMJMGERX ERHXLIVIJSVI XLI IWXMQEXMSR TVSGIHYVIWSYXPMRIH LIVI WLSYPH FI TIVJSVQIHMXIVEXMZIP]

SystemLoad

95˚ F waterat 1,500 gpm

85˚ F water at78˚ F wb ambient

Rejection Heat =7,500 MBh

Two-StageCentrifugal Chiller

10˚F ∆Τ

*MKYVI )\EQTPI 7]WXIQ

(*% 6INIGXMSR ,IEX 8SRW '34 ------------ &YVRIV )JJMGMIRG] ×+

× 1&L 8SR×=

6INIGXMSR ,IEX KTQ × ∆8× ∆8 8S[IV )RX ;EXIV 8IQT 8S[IV 0ZK ;EXIV 8IQT –=( =

KTQ °* °* –( )××=

1&L=




7EMH ERSXLIV [E] MJ XLI '34 MW IEGL XSR SJ GSSPMRK SYXTYX VIUSV XSRW SJ LIEX MRTYX 8LIVIJSVI XLI EQSYRX SJ LIEX VINIGXIH

GSSPMRK XS[IV F] E (*% GLMPPIV [MXL E '34 SJ ERH E FYVRIV IJJMGMMW

8LI EQSYRX SJ LIEX VINIGXIH F] ER MRHMVIGX JMVIH EFWSVTXMSR GLMPPISR XLI '34 SRP]

8LI EQSYRX SJ LIEX VINIGXIH F] E GLMPPIV [MXL E '34 SJ MW

7SQI QMKLX FI WYVTVMWIH XLEX XLI EQSYRX SJ VINIGXIH LIEX MW XLI WXLI GLMPPIV MW HMVIGX JMVIH SV MRHMVIGX JMVIH -J [I WXIT FEGO ERLS[IZIV [I YRHIVWXERH XLEX XLI GLMPPIV MW XLI WEQI ERH VIUYMVIWEQSYRX SJ LIEX JSV XLI TVSGIWW 8LI HMJJIVIRGI MW XLEX [MXL XLI HMGLMPPIV WSQI SJ XLI LIEX KSIW YT XLI WXEGO EX XLI GLMPPIV VEXLIV

6ITPEGIQIRX [MXL E 7QEPPIV %FWSVTXMSR 'LMPPIV

0IX W GSRWMHIV XLI W]WXIQ TIVJSVQERGI MQTEGX SJ WIPIGXMRK E VITPEG[MXL PIWW GETEGMX] -R XLMW GEWI [I PP YWI E (*% 7YTTSWI XLI I\MW? O;A GLMPPIV MR SYV I\EQTPI W]WXIQ MW SZIVWMÎH JSV XLI TVIWIR-RWXEPPMRK E WQEPPIV HMVIGX JMVIH EFWSVTXMSR QEGLMRI MR MXW T

;I GER YWI XLI MRMXMEP XIQTIVEXYVI HMJJIVIRGI -8( IWXMQEXMSR QIXLHIWGVMFIH MR XLI WMHIFEV XS TVIHMGX XLI VIUYMVIH WMÎ SJ XLI VITPXLI IRXIVMRK XS[IV PIEZMRK GSRHIRWIV [EXIV XIQTIVEXYVI MW°* ? °'A XLI-8( MW ° °* SV °* ? ° °' SV °'A 8LIVIJSVI XLI VINIGXMSR LIEEZEMPEFPI MW

-J [I EKEMR EWWYQI E '34 ERH FYVRIV IJJMGMIRG] JSV XLI HMVIEFWSVTXMSR QEGLMRI [I GER TVIHMGX MXW GETEGMX] YWMRK XLI IWXMLIEX ZEPYI

2SXI XLEX WMRGI XLI I\MWXMRK TYQT MW WMÎH JSV KTQ ? 0TWAYWIW KTQ XSR ? 0TW O;A ;LMPI XLMW JPS[ VEXI MW PIWW XLERWXERHEVH VEXMRK YWIW RI[P] HIWMKRIH EFWSVTXMSR GLMPPIVW GER F

(*% 6INIGXMSR ,IEX 8SRW ×( )+[ ] 1&L 8SR××=

8SRW 1&L 8SR×=

-RHMVIGX JMVIH 6INIGXMSR ,IEX 8SRW '34 ------------

+× 1&L 8SR×=

-RHMVIGX JMVIH 6INIGXMSR ,IEX 8SRW

----------- + 1&L 8SR××=

8 SRW 1&L 8SR×=

9WMRK XLI -8( )WXMQEXMSR 1IXLSH

;LEX GER FI HSRI XS GEPGYPEXI GSSPMRKXS[IV TIVJSVQERGI [LIR RS GSQTYXIVTVSKVEQW SV SXLIV TIVJSVQERGIGEPGYPEXMSR XSSPW EVI EZEMPEFPI# 9WI XLIHMJJIVIRGI FIX[IIR XLI EQFMIRX [IX FYPFERH IRXIVMRK XS[IV [EXIV XIQTIVEXYVIW XSJSVIGEWX XLI PIEZMRK XS[IV [EXIVXIQTIVEXYVI-J [I XVIEX XLI XS[IV EW E LIEX I\GLERKIV[I GER IWXMQEXI MXW TIVJSVQERGI F]GEPGYPEXMRK XLI -RMXMEP 8IQTIVEXYVI(MJJIVIRGI SV -8( *SV I\EQTPI XLI -8( JSVE XS[IV [MXL ER IRXIVMRK XS[IV [EXIVXIQTIVEXYVI SJ °* ? °'A ERH EREQFMIRX [IX FYPF XIQTIVEXYVI SJ°*? °'A MW

-8( ! °* °* ! °* ? °' °' ! °'A

8LIVIJSVI MJ XLI XS[IV W HIWMKR VINIGXMSRLIEX JSV E TEVXMGYPEV ETTPMGEXMSR MW

1&L ? O;A MXW TIVJSVQERGI MW

8S[IV 4IVJSVQERGI

6INIGXMSR ,IEX -8(

---------------------------------------- -=

1&L,°*

------------------------------ O; , °'

---------------------------=

1&L °* O; °' [ ]=

6INIGXMSR ,IEX 1&L°* ( ) -8( ×[ ] ×( ) 1&L= = =




XLMW JPS[ VEXI )RWYVI XLEX XLI EFWSVTXMSR GLMPPIV MW WIPIGXIHGSRHMXMSRW ERH JPS[ VEXI

8LIR GEPGYPEXI XLI GSSPMRK XS[IV∆8

;LIR XLMW∆8 ZEPYI MW IRXIVIH MR XLI XS[IV WIPIGXMSR WSJX[EVI XLIEVVMZIW EX E PIEZMRK XS[IV [EXIV XIQTIVEXYVI SJ°* ? °'A +MZIR XLI

°* ? °'A ∆8 XLI VIWYPXMRK IRXIVMRK XS[IV PIEZMRK GSRHIRWIVXIQTIVEXYVI MW °* ? °'A EW WLS[R MR *MKYVI 2SXMGI XLEX XLIFIX[IIR XLI SYXGSQIW SJ XLI -8( IWXMQEXMSR QIXLSH ERH XLI WIPIGXMMW WPMKLX M I°* ZIVWYW °* ? °' ZIVWYW °' A

6ITPEGIQIRX [MXL ER %FWSVTXMSR 'LMPPIV SJ )UYEP 7MÎ

2S[ PIX W PSSO EX XLI W]WXIQ TIVJSVQERGI MQTEGX SJ WIPIGXMRK EWMÎ -J XLI XSR ? O;A IPIGXVMG GLMPPIV MR SYV I\EQTPI W]W[MXL E XSR ? O;A MRHMVIGX JMVIH EFWSVTXMSR GLMPPIV? O;A XSRW \ 1&L XSR ! 1&L ? O; \ O; VO; VIJVMKIVEXMSR ! O;A [MPP FI VINIGXIH XS XLI GSSPMRK XS[IV

8SRW

----------- ×+

×

---------------------------------------------------------------------------

8SRW = =

∆8 ×----------------------------- °* = =

SystemLoad


100˚ F waterat 1,500 gpm87˚ F water at

78˚ F wb ambient13 F ∆Τ

441 TonAbsorption Chiller

*MKYVI 7QEPPIV (*% 'LMPPIV




*MKYVI 6IEVVERKMRK XLI VINIGXMSR LIEX IUYEXMSR XS WSPZI JSV∆8 MRHMGEXIW LS[QYGL XLI XS[IV [EXIV QYWX FI GSSPIH MR°* XS VIQSZI XLMW EQSYRX SJ VINIGLIEX

-X MW XIQTXMRK XS EWWYQI XLEX XLI VIWYPXMRK PIEZMRK XS[IV [EXIV°* SV °* °* ? °' SV °' °'A 6IQIQFIV LS[IZIV XLEX

XLI EQSYRX SJ VINIGXMSR LIEX MRGVIEWIH JVSQ XS 1&L? XS O;A ;LMPI XLI XS[IV GER TVSHYGI°* ? °'A [EXIV EX XLIHIWMKR GSRHMXMSR SJ 1&L ? O;A XLI PIEZMRK XS[IV [EXIV XVMWIW EW VINIGXMSR LIEX MRGVIEWIW ERH XLI UYIWXMSR MW F] LS[ Q

8LI W]WXIQ HIWMKRIV LEW QIXLSHW SJ HIXIVQMRMRK PIEZMRK XS[IV [EXIQTIVEXYVI

9WI XLI GSSPMRK XS[IV QERYJEGXYVIVkW HEXE [LIR EZEMPEFPI8LI QSWX WXVEMKLXJSV[EVH QIERW SJ HIXIVQMRMRK GSSPMRK XS[IV TIEVI GSQTYXIV TVSKVEQW ERH SXLIV GEPGYPEXMSR XSSPW HIZIPSTIH F]QERYJEGXYVIV 9WMRK SRI WYGL TVSKVEQ [I JMRH XLEX VINIGXMSR

1&L ? O;A ]MIPHW E PIEZMRK XS[IV [EXIV XIQTIVEXYVI SJ°*? °'A %HHMRK XLI °* ? °'A ∆8 XS XLMW ZEPYI IWXEFPMWLIW XLI G

°* ? °'A IRXIVMRK XS[IV PIEZMRK GSRHIRWIV [EXIV XIQTIVEXYV

8 ∆ 6INIGXMSR,IEX KTQ ×--------------------------------------------=

×------------------------------=

°* =

(ITIRHMRK SR XLI RSQMREP XSRREKIWEZEMPEFPI JVSQ XLI QERYJEGXYVIV MX QE] FIRIGIWWEV] XS WIPIGX E (*% GLMPPIV XLEXI\GIIHW RSQMREP XSRW XS HIPMZIV

EGXYEP GSSPMRK XSRW EX XLI GSRHMXMSRWWLS[R

SystemLoad


102˚ F waterat 1,500 gpm87˚ F water at

78˚ F wb ambient15 F ∆Τ

500 Ton Direct-FiredAbsorption Chiller

*MKYVI )UYMZEPIRX (*% 'LMPPIV




)WXMQEXI GSSPMRK XS[IV TIVJSVQERGI -8( 1IXLSH6IGEPP XLEX XLI SVMKMREP HIWMKR VINIGXMSR LIEX JSV SYV I\EQT[LIR TEVXRIVIH [MXL XLI IPIGXVMG GLMPPIV [EW 1&L ? OEQFMIRX [IX FYPF XIQTIVEXYVI SJ°* ? °'A ERH ER IRXIVMRK XS[IV [EXIQTIVEXYVI SJ °* ? °'A +MZIR XLI VIWYPXMRK -8( SJ°* ? °'A

-8( ! °* °* ? °' °'A ERH E XS[IV TIVJSVQERGI SJ 1&L°*? O; °'A YWMRK XLI QIXLSH WLS[R MR XLI -8( )WXMQEXMSR 1IXSR TEKI [I GER RS[ GEPGYPEXI ER -8( ZEPYI JSV XLI MRHMVIGXEFWSVTXMSR GLMPPIV

8LIVIJSVI XLI IWXMQEXIH IRXIVMRK XS[IV [EXIV XIQTIVEXYVI MW°* ? °'A°* ? °'A ! °* ? °'A ERH KMZIR XLI °* ? °'A ∆8 MQTSWIH F]

XLI (*% GLMPPIV XLI IWXMQEXIH PIEZMRK XS[IV [EXIV XIQTIVEXYVI M°*? °'A % GSQTEVMWSR SJ XLIWI XIQTIVEXYVIW [MXL XLI WIPIGXMSRVIWYPXW JSYRH MR QIXLSHPIKMXMQMÎW XLI YWI SJ IWXMQEXIW [LIR RSJSVIGEWXMRK XSSP MW EZEMPEFPI

8EFPI WLS[W E WYQQEV] SJ XLI W]WXIQ TIVJSVQERGI IJJIGXW I\TPSVIHI\EQTPI

-R WLSVX ER EFWSVTXMSR QEGLMRI HMVIGX JMVIH WXIEQ SV LSXIJJIGXMZI VITPEGIQIRX JSV ER I\MWXMRK GLMPPIV [MXLSYX GSWXP] GLE

GSSPMRK XS[IV SV GSRHIRWIV TYQTW 8LI EFWSVTXMSR GLMPPIV W YRGLEVEGXIVMWXMGW QYWX RIZIVXLIPIWW FI GSRWMHIVIH XS EWWYVI WSTIVEXMSR -J XLI I\MWXMRK GLMPPIV MW VITPEGIH [MXL ER EFWSVTXXSRREKI PIEZMRK XS[IV IRXIVMRK GSRHIRWIV [EXIV XIQTIVEXYVI [MPRSVQEP SVMKMREP HIWMKR XIQTIVEXYVI 8LMW VIHYGIW GLMPPIV GIJJMGMIRG] (S[RWM^MRK XLI VITPEGIQIRX GLMPPIV [LIR TSWWMFPI QMIJJIGX

8EFPI 6ITPEGIQIRX 'SQTEVMWSR

3VMKMREP 7]WXIQ6ITPEGIQIRX [MXL E

7QEPPIV (*%

6ITPEGIQIRX [MXL ER%FWSVTXMSR 'LMPPI

SJ )UYMZEPIRX 'ETEGM

'LMPPIV 'ETEGMX] XSRW ? O;A XSRW ? O;A XSRW

6INIGXMSR ,IEX 1&L ? O;A 1&L ? O;A 1&L ?

8S[IV ;EXIV ∆8 °* ? °'A °* ? °'A °* ? °'A

8S[IV );8 0;8 °* ? °'A °* ? °'A °* ? °'A

)WXMQEXIH -8( ------------------ °* = =




1YPXMTPI 'LMPPIVW ERH 'SSPMRK 8S[IVW

%X XMQIW QSVI XLER EFWSVTXMSR GLMPPIV QE] FI MRWXEPPIH MR XLTPERX 7MRGI IEGL GLMPPIV VIUYMVIW GSRHIRWIV [EXIV QYPXMTPI GSSPMFI RIGIWWEV] 'SRXVSP SJ XLI GSSPMRK XS[IVW MW IEWMIWX MJ XS[IVIEGL GLMPPIV EPXLSYKL MJ EPP GLMPPIVW WLEVI E GSQQSR GSSPMRK [EXTPERX GER WXMPP FI QEHI XS [SVO -R IMXLIV MRWXERGI XLI GSSPMRKGSRXVSPPIH SV TMTIH XS EWWYVI XLEX XLI PS[IWX PIEZMRK XS[IV [EXIVVIQEMRW EFSZI XLI EFWSVTXMSR GLMPPIV QERYJEGXYVIV W VIGSQQIRHIHXS VIHYGI XLI VMWO SJ GV]WXEPPMÊXMSR 8LMW GER FI EGGSQTPMWLIH

n YWI SJ E GSSPMRK XS[IV F]TEWWn TVSZMHMRK IEGL GLMPPIV [MXL MXW S[R GSSPMRK XS[IV ERH SV

n YRIUYEP HMZMWMSR SJ GSSPMRK XS[IV [EXIV FIX[IIR GLMPPIVW MR GSQTPERXW

'SSPMRK 8S[IV &]TEWW

'SSPMRK XS[IV F]TEWW MW VIGSQQIRHIH XS VIHYGI XLI GLERGI SJ PS[ IRXIGSSPMRK [EXIV XIQTIVEXYVIW &]TEWW EPWS [SVOW ZIV] [IPP HYVMRK PSGSRHMXMSRW &]TEWW GSRXVSP MW I\GIPPIRX WMRGI MX QEMRXEMRW GXLVSYKL XLI EFWSVFIVrGSRHIRWIV XYFI FYRHPI 8[S FYXXIVJP] ZEPZIW GSXS E JPERKIH XII ERH WLEVMRK IMXLIV E GSQQSR EGXYEXSV SV E [E] FZEPZI GSQTVMWI XLI F]TEWW *MKYVI WLS[W XLI GSRHIRWIV [EXIV TMEVVERKIQIRX 2SXMGI XLEX XLI ZEPZI PMROEKI MW EGXYEXIH F] E XIQTIVXS EWWYVI XLEX XLI HIWMVIH QMRMQYQ IRXIVMRK GSSPMRK [EXIV XIQTIQEMRXEMRIH

:EVMEFPI WTIIH 'SSPMRK 8S[IV *ERW

:EVMEFPI WTIIH HVMZIW SR GSSPMRK XS[IV JERW EVI FIGSQMRK QSVI TVIZEMR TEVX XS XLI JEGX XLEX HVMZI GSWXW LEZI HIGVIEWIH HVEQEXMGEPP

Chiller'sAbsorber/Condenser

Tube Bundle

2 Butterfly ValvesValve

Actuator

TemperatureSensor

FromCooling

TowerCooling Water Pump

*MKYVI 'SSPMRK 8S[IV &]TEWW




ZEVMEFPI WTIIH XS[IV JERW MW XLEX GSRHIRWIV [EXIV WIX TSMRX GSQSVI TVIGMWI %RSXLIV FIRIJMX MW XLEX ZEVMEFPI WTIIH JERW EPPS[IRIVK] WEZMRKW EX TEVX PSEH GSRHMXMSRW *VSQ E W]WXIQ WXERHGSSPMRK XS[IV JER WTIIH QE] IREFPI XLI XS[IV XS QEMRXEMR E [EXIV XEFSZI XLEX VIUYMVIH F] XLI GLMPPIV QERYJEGXYVIV -R GEWIW [LIVI XLMW WXMPP XSS PS[ LS[IZIV GSSPMRK XS[IV F]TEWW QE] FI VIUYMVIH

'SQFMREXMSR ,]FVMH 4PERXW

;LIR EFWSVTXMSR GLMPPIVW ERH IPIGXVMG GLMPPIVW EVI GSQFMRIH MGSSPMRK [EXIV JPS[W ERH GSRXVSP FIGSQI QSVI GSQTPI\ 5YMXI SJXIRGLMPPIV W IRIVK] GSRWYQTXMSR GER FI VIHYGIH F] PS[IVMRK XLI IRXI[EXIV XIQTIVEXYVI %X XLI WEQI XMQI LS[IZIV WSQI SPHIV HMVIGXVIUYMVI GSSPMRK [EXIV XIQTIVEXYVIW SJ EX PIEWX°* ? °'A 'SRWIUYIRXP]QM\MRK XLI GSSPMRK [EXIV JPS[W JVSQ FSXL GLMPPIV X]TIW RIGIWWMXHIWMKR XLEX MRGSVTSVEXIW E GSSPMRK XS[IV F]TEWW EW HIWGVMF8S[IV &]TEWWz SR TEKI SV SXLIV[MWI EWWYVIW XLEX E°* ? °'A QMRMQYQIRXIVMRK GSSPMRK [EXIV XIQTIVEXYVI MW QEMRXEMRIH

*VSQ E GSRXVSP WXERHTSMRX XLI WMQTPIWX GLMPPIV TPERX GSRJMKGSSPMRK XS[IV XS IEGL GLMPPIV IZIR XLSYKL WYGL E GSRJMKYVEXMSYWI ERH IGSRSQ] SJ E WMRKPI XS[IV 8LI FIRIJMXW SJ E WMRKPI XS[IWYQT GSRRIGXIH XS[IV GIPPW MRGPYHI VIHYRHERG] ERH XLI GETEFMPMGSSPMRK XS[IV [EXIV XIQTIVEXYVIW XS IRLERGI W]WXIQ STIVEXMSR ;LEFWSVTXMSR GLMPPIV HIWMKRW GER YWI XLMW GSPHIV XS[IV [EXIVHIWMKRW [IVI SJXIR PMQMXIH XS E QMRMQYQ SJ°* ? °'A -J XLMW MW E PMWSQI QIERW SJ GSRXVSP ERH TMTMRK QYWX FI YWIH XS EZSMH ZMSPEEFWSVTXMSR GLMPPIV W QMRMQYQ XIQTIVEXYVI PMQMX JSV IRXIVMRKF]TEWW EVVERKIQIRX TVIZMSYWP] HMWGYWWIH MW SRI WSPYXMSR -XGSSPMRK [EXIV JPS[ MR XLI (*% FYX EPPS[W XLI GSSPMRK XS[IV XS TV[EXIV JSV XLI IPIGXVMG GLMPPIV W

%RSXLIV TSWWMFPI WSPYXMSR MW EZEMPEFPI JSV VIXVSJMX ETTPMGEXGSQFMREXMSR TPERXW 1ER] SJ XLI GLMPPIV TPERXW MR XLIWI ETTPMSVMKMREPP] HIWMKRIH [MXL GLMPPIVW SJ IUYEP WMÎ ERH X]TI -RFIWX VIXVSJMX WSPYXMSR QE] GSYTPI ER IPIGXVMG GLMPPIV [MXL ER-X MW EPWS PMOIP] XLEX XLI I\MWXMRK GSSPMRK XS[IV QE] FI VIXEMRVITPEGIQIRX GSWX ;LMPI E QYPXMWXEKI IPIGXVMG GLMPPIV GER EGGSGSSPMRK [EXIV XIQTIVEXYVIW EFSZI°* ? °'A XLI WEQI XIQTIVEXYVI GSRHMVIHYGIW GETEGMX] MR ER EFWSVTXMSR GLMPPIV -RWXIEH SJ IUYEPP]XS[IV [EXIV FIX[IIR XLI GLMPPIVW MX QE] XLIVIJSVI FI EHZERXEKISYTVSZMHI QSVI GSSPMRK XS[IV [EXIV XS XLI EFWSVTXMSR GLMPPIV 8LII\EQTPIW HIQSRWXVEXI XLMW GSRGITX

)\EQTPI )UYEP XS[IV [EXIV EPPSGEXMSR 3YV MQEKMREV] GLMPPIV TPESVMKMREPP] HIWMKRIH XS WYTTP] XSRW ? O;A SJ GSSPMRKGLMPPIVW [MPP FI VITPEGIH [MXL X[S XSR ? O;A QEGLMRIW E




GIRXVMJYKEP GLMPPIV XLEX GSRWYQIW O; XSR ? O; O;A ERH EEFWSVTXMSR GLMPPIV [MXL E '34 SJ ERH E FYVRIV IJJMGMIRG] SJGSSPMRK XS[IV [EW HIWMKRIH XS TVSZMHI KTQ ? 0TWA ERH VI°*? °'A [EXIV XS °* ? °'A

2S[ XLEX XLIVI MW QSVI LIEX XS VINIGX XLI [EXIV XIQTIVEXYVIW IRXIVMPIEZMRK XLI GSSPMRK XS[IV QYWX GLERKI EGGSVHMRKP]

3RI STXMSR MW XS WYTTP] FSXL GLMPPIVW [MXL XLI WEQI XIQTIVEXYVI EXS[IV [EXIV EW WLS[R MR *MKYVI 8LMW LS[IZIV VIUYMVIW ER EZIVE°*? °'A ∆8 _ ÷ a ERH QE] RIGIWWMXEXI SZIVWM^MRK XL

,IEX 6INIGXMSR %ZEMPEFPI KTQ °* °* –( )××=

1&L=

8SXEP 6INIGXMSR ,IEX (*% 6INIGXMSR ,IEX )PIGXVMG 6INIGXMSR ,IEX +=

7S MJ (*% 6INIGXMSR ,IEX 8SRW 1&L=×=

ERH )PIGXVMG 6INIGXMSR ,IEX 8SRW O; 8SR

---------------------- × +×=

1&L=

XLIR 8SXEP 6INIGXMSR ,IEX 1&L(* % 1&L)0 ) +=

1&L=


Bypass Line

System Pump(s)

9.5˚ F ∆Τ

1,500 gpm

14.6˚ F ∆Τ

1,500 gpm

Electric Centrifugal Chiller

SystemLoad

3,000gpm

*MKYVI 'SQFMREXMSR 4PERX )UYEP 'LMPPIV *PS[W




)\EQTPI 9RIUYEP XS[IV [EXIV EPPSGEXMSR %RSXLIV STXMSR MW XS E(*% SZIVWM^MRK F] PIZIVEKMRK XLI QYPXMWXEKI IPIGXVMG GLMPPIV WEX IPIZEXIH GSSPMRK [EXIV XIQTIVEXYVIW ;I GER EGGSQTPMWL XLMWXLI (*% W WLEVI SJ XS[IV [EXIV JPS[ JVSQ XS

8LMW PIEZIW KTQ ? 0TWA JSV XLI IPIGXVMG GLMPPIV ]MIPHMRXIQTIVEXYVI HMJJIVIRGI SJ

;MXL XLMW HIWMKR WXVEXIK] XLI (*% WYJJIVW SRP] E WPMKLX PSWXLI IPIGXVMG GLMPPIV MW SRP] EFSYX PIWW IJJMGMIRX %W MRHM*MKYVI YRHIVWXERHMRK XLI STIVEXMRK GLEVEGXIVMWXMGW SJ FSHIWMKRMRK XS XLI WXVIRKXLW SJ IEGL QMRMQMÎW XLI TSXIRXMEPP]GSSPMRK XS[IV [EXIV SR SZIVEPP W]WXIQ GETEGMX] ERH IJJMGMIRG]

&SXXSQ PMRI HIWMKRIVW QYWX VIGSKRMÎ XLEX XLI EQSYRX SJ XS[IVXS IEGL GLMPPIV MW RSX TVIHIXIVQMRIH -RWXIEH MX MW ERSXLIVYWIH XS STXMQMÎ GLMPPIV TPERX HIWMKR 7MRGI IEGL NSF MW HMJ

(*% ∆8 1&L KTQ×

-------------------------------------------- * = =

)PIGXVMG ∆8 1&L

KTQ×

-------------------------------------------- * = =


Bypass Line

System Pump(s)

14.2˚ F ∆Τ

1,000 gpm

11˚ F ∆Τ

2,000 gpm


SystemLoad

3,000gpm

*MKYVI 'SQFMREXMSR 4PERX 9RIUYEP 'LMPPIV *PS[W




QE] FI SR TIVJSVQERGI GSWX SV SXLIV JEGXSVW 8LI HIWMKRIV QYWX FSJ [LMGL GVMXIVME EVI QSWX MQTSVXERX XS XLI S[RIV ERH WEXMWJ] XVIUYMVIQIRXW JSV XLI GLMPPIV TPERX W HIWMKR YWMRK XLI STXMSRW

0S[ JPS[ %FWSVTXMSR 7]WXIQW

;LIR GSQTEVMRK ZEVMSYW EMV GSRHMXMSRMRK W]WXIQW QERYJEGXYVIVHIWMKR IRKMRIIVW ERH FYMPHMRK S[RIVW SJXIR JSVKIX ER MQTSVXERXIRIVK] QIXIVW EVI SR XLI FYMPHMRK 1ER] XMQIW XLI JSGYW MW SR XLIGSQTSRIRX MR XLI W]WXIQ XLI GLMPPIV [MXLSYX VIKEVH JSV XLI SXLIVXLI W]WXIQ 2SVHIIR ERH 7GL[IHPIV HMWGYWW E PS[ JPS[ EFWSVTXMSR W'SRXVEGXMRK &YWMRIWW 2SZIQFIV % WLSVXIRIH ZIVWMSR HIWGVMFMRKYWI XLMW W]WXIQ XS VIHYGI STIVEXMRK GSWXW MW TVIWIRXIH LIVI

8LI TVMQEV] IRIVK] GSRWYQIVW SJ E GLMPPIH [EXIV W]WXIQ EVI XLIGLMPPIH [EXIV TYQTW GLMPPIV GSRHIRWIV [EXIV TYQTW ERH GSSPMXS[IV JERW *VSQ E FYMPHMRK S[RIV W TIVWTIGXMZI VIHYGMRK XLISTIVEXMRK GSWXW SJ XLI W]WXIQ RSX NYWX XLI GLMPPIV QEOIW WJSPPS[MRK I\EQTPI WLS[W LS[ ZEV]MRK JPS[ VEXIW XLVSYKL XLIGSRHIRWIV VIHYGIW W]WXIQ STIVEXMRK GSWXW -R XLMW I\EQTPI XLW]WXIQ GLERKI MW XS VIHYGI XLI HIWMKR GSRHIRWIV JPS[ VEXI JVSQ

KTQ XSR ? 0TW O;A XS KTQ XSR ? 0TW O;A ;LMPI XGLMPPIV QYWX [SVO LEVHIV [LIR XLI JPS[ VEXI MW VIHYGIH XLI TS[IVVIHYGXMSRW JSV XLI GSRHIRWIV [EXIV TYQT ERH GSSPMRK XS[IV JER QXLER FEPERGI XLI EHHMXMSREP GLMPPIV [SVO -X GER FI WIIR XLIVIJVIHYGMRK XLI GSRHIRWIV [EXIV JPS[ VEXI GER VIHYGI W]WXIQ STIVEXMGSWXW -X GER EPWS VIHYGI GSSPMRK XS[IV GSRHIRWIV TYQT ERHGSRHIRWIV TMTI WMÎ ERH GSWX 7]WXIQ HIWMKRIVW GER SJXIR TVSZZEPYI XS XLI FYMPHMRK S[RIV F] GSRWMHIVMRK W]WXIQW [MXL VIHYGVEXIW EW WLS[R MR 8EFPI SR TEKI ERH *MKYVI SR TEKI




8EFPI *PS[ 6EXI 'SQTEVMWSR

'SRZIRXMSREP(IWMKR

KTQ XSR? 0TW O;A

0S[ JPS[ (IWMKRKTQ XSR

? 0TW O;A

%FWSVTXMSR 'LMPPIV 'SQTSRIRX

'ETEGMX] MR XSRW ?O;A ? A ?

'34

*YPP PSEH KEW GSRWYQTXMSR XLIVQW ?O;LA ? A

'SRHIRWIV JPS[ VEXI KTQ ?0TWA ? A ?

0IEZMRK '; XIQTIVEXYVI * ? 'A ? A ?'SRHIRWIV LIEH JIIX SJ [EXIV ?O4EA ? A ?

'SSPMRK 8S[IV 'SQTSRIRX

7XEXMG LIEH JIIX SJ [EXIV ?O4EA ? A ?

2YQFIV SJ GIPPW

*ER LT TIV GIPP ?O; TIV GIPPA ? A ?

8SXEP XS[IV TS[IV ?O;A

'SRHIRWIV [EXIV 4YQT 'SQTSRIRX

4MTMRK ZEPZI TVIWWYVI HVST JIIX SJ [EXIV ?O4EA ? A

8SXEP LIEH JIIX SJ [EXIV ?O4EA ? A ?

O; ?O;A ? A ? A

%RRYEP 3TIVEXMRK 'SWX 9WMRK 86%')®'LMPPIV 'SSPMRK 8S[IV '; 4YQT




Percent of Chiller LoadFull Load75%50%25%

$0

$5

$10

$15

$20

$25

$30

4.45 gpm/ton

3.60 gpm/ton

3.09 gpm/ton

O p e r a

t i n g

C o s t

P e r

H o u r

*MKYVI *PS[ 6EXIW ZIVWYW 3TIVEXMRK 'SWXW




%FWSVTXMSR 'LMPPIV 7TIGMEP %TTPMGEXM

%FWSVTXMSR GLMPPIVW EVI YWIH MR GSQJSVX GSSPMRK TVSGIWW GSW]WXIQW FEWMGEPP] ER] W]WXIQ [LIVI XLI PMJI G]GPI IGSRSQMGW QEOEHHMXMSR EFWSVTXMSR GLMPPIVW JMX I\XVIQIP] [IPP MR WIZIVEP RM;LMPI XLMW WIGXMSR HIEPW [MXL WSQI SJ XLIWI ETTPMGEXMSRW XLIVQE] EPWS JMX ZIV] [IPP

,IEXMRK -W %ZEMPEFPI

%FWSVTXMSR GLMPPIVW XLEX EVI RSX HMVIGX JMVIH VIUYMVI E WSYVMRHYWXVMEP ETTPMGEXMSRW WYGL WSYVGIW SJ [EWXI LIEX EVI EZEGMVGYQWXERGIW EVI MHIEP JSV MRWXEPPEXMSR SJ EFWSVTXMSR GLMPETTPMGEXMSRW MRGPYHI XLSWI MR XLI JSPPS[MRK PMWX

n % L]FVMH W]WXIQ [LIVI XLI IPIGXVMG GLMPPIV MW VYRRMRK MR EQSHI EX E LMKL IRSYKL XIQTIVEXYVI XLI IPIGXVMG GLMPPIV TVSZMXLI EFWSVTXMSR GLMPPIV

n -RHYWXVMEP TVSGIWWIW [MXL [EWXI LIEX WYGL EW WXIEQ XYVFMWXIVMPMÊXMSR WMRGI XLI WXIEQ QYWX FI GSRHIRWIH FIJSVI FIMEFWSVTXMSR GLMPPIVW GER FI YWIH XS GSRHIRWI MX XLYW KVIEXGSWX SJ TVSZMHMRK GSSPMRK

n 4VSGIWWIW XLEX MRGPYHI KEW IRKMRI HVMZIR GLMPPIVW SV KEWTVSHYGI IPIGXVMGMX] SJXIR XLIWI IRKMRIW LEZI [EXIV NEGOIXW XJVSQ XLI IRKMRI GEWMRK 3RGI EKEMR XLMW LIEX GER FI YWIH XSJ TVSZMHMRK GSSPMRK

n 4VSGIWW PSEHW XLEX VYR GSRWXERXP] KEW YXMPMX] VEXIW QE]FIRIJMGMEP XS XLSWI [LS GER TVSZMHI E LSYV TIV HE] PSEH XS

8YVFMRI -RPIX 'SSPMRK

9XMPMXMIW SV PEVKI MRHYWXVMEP GYWXSQIVW QE] YWI KEW XYVFMIPIGXVMGMX] 8LIWI XYVFMRIW FIGSQI QSVI IJJMGMIRX EW XLI HIRWMXMRGVIEWIW &IGEYWI EMV HIRWMX] MRGVIEWIW EW MXW XIQTIVEXYV

SJXIR FIRIJMGMEP XS GSSP XLI EMV %FWSVTXMSR GLMPPIVW GER FI MLIEX MW EZEMPEFPI JVSQ XLI XYVFMRIW XS HVMZI SV JMVI XLI EFWSV

,SX %MV EW ER )RIVK] 7SYVGI

8LIVI EVI QER] ETTPMGEXMSRW [LIVI XLI IRIVK] WSYVGI EZEMPEFPI EXLSX EMV 8LMW EMV MW X]TMGEPP]°* XS °* ? °' XS °'A -R XLI TEWX WSQERYJEGXYVIVW SJ HMVIGX JMVIH EFWSVTXMSR GLMPPIVW LEH HIWMKR[MXL XLMW EMV WSYVGI HMVIGXP] 8SHE] [I JMRH XLEX ERSXLIV TEXLGLSWIR SRI [LMGL MRZSPZIW XLI YWI SJ E WTIGMEPMÎH LIEX I\GLERK




[EXIV JSV YWI [MXL E WMRKPI IJJIGX SV HSYFPI IJJIGX EFWSVTXMSR GLMP*MKYVI 8LMW X]TI SJ LIEX I\GLERKIV GER HIZIPST [EXIV XIQTIVEXYVIW

°* XS °* ? °' XS °'A 8LI RSQMREP VIUYMVIQIRX JSV MRPIX [EXIVXIQTIVEXYVI MR E X]TMGEP WMRKPI IJJIGX EFWSVFIV MW°* ? °'A ERH MR E HSYFPIIJJIGX EFWSVFIV MX MW°* ? °'A

'SRXVSPW8LI -QTSVXERGI SJ 'SRXVSPW

-QEKMRI TMPSXMRK ER EMVTPERI 8LI TPERI MW JP]MRK WQSSXLP] FYX M =SY PSSO EX XLI TERIP EVSYRH ]SY FYX XLIVI W RS EPXMQIXIV RS EMVMRHMGEXSV RS SMP TVIWWYVI PMKLX RS QSRMXSV -R WLSVX RS GSR

*I[ [SYPH EVKYI XLI RIGIWWMX] JSV EHIUYEXI GSRXVSPW MR XLMW WMXY'EWYEPXMIW ERH XLI GSWXP] HIWXVYGXMSR SJ XLI EMVTPERI MXWIPJ EVIWYPX [MXLSYX XLIQ 8LSYKL EMVGVEJX EVI EHQMXXIHP] GSQTPI\ XLI MGSRXVSPW MW RSX YRMUYI XS WYGL IUYMTQIRX ETTPMGEXMSRW :MVXYQEGLMRIW VIUYMVI WSQI JSVQ SJ GSRXVSPW JSV STIVEXMSR -R E GSQJSVGSRXVSPW EVI RIIHIH EX PIZIPW

n YRMX GSRXVSPW XLEX VIKYPEXI GSQTSRIRX STIVEXMSR ERH TVIZIRX IUHEQEKI ERH

n W]WXIQ GSRXVSPW XLEX QEMRXEMR XLI HIWMVIH GSQJSVX GSRHMXMSR

8LI VIWX SJ XLMW WIGXMSR HMWGYWWIW GSRXVSP GSRWMHIVEXMSRW YRW]WXIQW [MXL EFWSVTXMSR GLMPPIVW

Absorption Chiller

Hot Source Air Cooler Return AirHeatingCoil

Inlet to

Generator

Chilled-Water Loopand Condenser-WaterLoop Are Not Shown

*MKYVI ,SX %MV EW ER )RIVK] 7SYVGI




'SRXVSP -QTVSZIQIRXW EX XLI 9RMX 0IZIP

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

TVSZMHI XLI PIZIP SJ GSRXVSP VIUYMVIH XS TVSTIVP] EHHVIWW XLI WTVIUYMVIQIRXW SJ ER EFWSVTXMSR GLMPPIV ;MXL QMGVSIPIGXVSRMG GRS[ EFPI XS QSRMXSV ERH GSRXVSP EPQSWX IZIV] EWTIGX SJ XLI G]GPI'SRGIRXVEXMSR PIZIPW JPS[ VEXIW TVIWWYVIW ERH XIQTIVEXYVIW GQSRMXSVIH ERH GSRXVSPPIH lSR XLI JP]z XS TVSZMHI E G]GPI XLEX MWVIPMEFPI ERH IJJMGMIRX EX TEVX PSEH 7MRGI XLI YRMX LEW E KVIEXXLI G]GPI MX MW EFPI XS EZSMH STIVEXMRK EX GSRHMXMSRW XLEX

8LI QMGVSIPIGXVSRMG GSRXVSPW TVSZMHI QENSV MQTVSZIQIRXW XS WUYMGOP] XS GLERKMRK GSRHMXMSRW 7IRWSVW EVI JEGXSV] MRWXEPGSQQMWWMSRIH MR WXVEXIKMG PSGEXMSRW XS TVSZMHI MRJSVQEXMSPIZIP GSRXVSP 8LI YRMX PIZIP GSRXVSP GSQTEVIW ERH EREP]ÎW XLMWIWXEFPMWLIH STIVEXMRK KYMHIPMRIW HIXIVQMRMRK MJ ER] QIEWYVI

ETTVSEGLMRK SV SYXWMHI SJ EGGITXEFPI PMQMXW 8LI VIWYPXW SJ XYWIH EPQSWX MRWXERXERISYWP] XS GSRXVSP ZEVMEFPI WTIIH TYQTWGSQTSRIRXW [MXLMR XLI QEGLMRI WEJIP] VIEGXMRK XS GSRHMXMSRWGEYWIH SPHIV TRIYQEXMG GSRXVSPW XS WLYX XLI QEGLMRI HS[R JSV

7SQI SJ XLI TVSFPIQW EZIVXIH F] XLI RI[ YRMX GSRXVSPW EPSRK [MXLHIWGVMTXMSR SJ LS[ XLI] [SVO EVI LMKLPMKLXIH FIPS[ *SV MRJSVQEWTIGMJMG QEGLMRI STIVEXMSR GSRXEGX XLI GLMPPIV QERYJEGXYVIV

6IWTSRWI XS 'LERKMRK 'SRHMXMSRW

6ETMHP] GLERKMRK GSRHMXMSRW [IVI XLI FERI SJ TEWX KIRIVEXMSR EGLMPPIVW -J XLI GSSPMRK XS[IV [EXIV XIQTIVEXYVI WYHHIRP] GLERKIH

HYI XS E JER JEMPYVI XLI GLMPPIV WLYX HS[R XS TVSXIGX MXWIPJXSS VETMHP] XLI GLMPPIV IMXLIV WLYX HS[R XS EZSMH GV]WXEPPMÊ;LMPI GV]WXEPPMÊXMSR [EWR X GEXEWXVSTLMG XS XLI QEGLMRI MXGLMPPIV JVSQ QEOMRK GLMPPIH [EXIV % Q]VMEH SJ GSRHMXMSRW GSYXS WLYX HS[R 4RIYQEXMG GSRXVSPW GSYPH SJXIR GSRXVSP SRP] XLILIEX IRXIVIH XLI GLMPPIV 8S TVSXIGX XLI QEGLMRI XLI GSRXVSPW W

8VERI W ,SVM^SR GLMPPIVW YWI WSTLMWXMGEXIH QMGVSGSQTYXIV FEWVIJIVW XS XLIWI EW %HETXMZI 'SRXVSPW¬) XS ZEV] XLI WTIIH SJ TYQTW MRWMHGLMPPIV 8LMW EPPS[W GPSWI GSRXVSP SJ WSPYXMSR GSRGIRXVEXMSRW




GV]WXEPPMÊXMSR SJ XLEX WSPYXMSR -R VIWTSRWI XS VETMHP] GLERKM8VERI %HETXMZI 'SRXVSPW¬ [MPP QEOI EW QYGL GLMPPIH [EXIV EW TSWWOIITMRK XLI QEGLMRI [MXLMR E WEJI ERH IJJMGMIRX STIVEXMRK IRZIPSTIXLIWI YRMX GSRXVSPW EVI GSRRIGXIH XS W]WXIQ PIZIP GSRXVSPW ER EPXS XLI W]WXIQ STIVEXSV WXEXMRK JSV MRWXERGI XLEX XLI GSRHIRWIVXIQTIVEXYVI LEW WYHHIRP] MRGVIEWIH HIKVIIW

%MV -RWMHI XLI 1EGLMRI

%FWSVTXMSR GLMPPIVW STIVEXI EX TVIWWYVIW FIPS[ XLSWI I\XIVREP XS8LIVIJSVI MJ XLIVI EVI ER] PIEOW EMV [MPP PIEO MRXS XLI GLMPPIV *SWSQIXLMRK EW FEWMG EW EMV KIXXMRK MRXS XLI QEGLMRI GSYPH GEYWLYX HS[R SV GV]WXEPPMÎ -J XLI QEGLMRI HMH RSX WLYX HS[R MX [SSTIVEXI EX E VIHYGIH GETEGMX] ERH IJJMGMIRG] ERH EX XLI WEQI XMQIFVSQMHI MR XLI QEGLMRI [SYPH VIEGX [MXL XLI EMV ERH GEYWI GSVVSWMRXIVMSV SJ XLI QEGLMRI

8SHE] YRHIV XLEX WEQI WGIREVMS XLI GLMPPIV W TYVKI W]WXIQ [MPPXYVR SR XS VIQSZI XLI EMV 8LMW [MPP RSX SRP] OIIT XLI QEGLMRI VYRSTXMQYQ GETEGMX] ERH IJJMGMIRG] FYX QSVI MQTSVXERXP] MX [MPP EPPXS GSRXMRYI STIVEXMRK ERH TVSZMHI GLMPPIH [EXIV [LMPI XLI EMV MWTYVKIH -R EHHMXMSR XLI EMV LEW RSX WTIRX IRSYKL XMQI MR XLI QGSVVSWMSR TVSGIWW XS FIKMR ;MXL ER EYXSQEXMG TYVKI XLI W]WXIER MRHMGEXMSR XLEX XLI TYVKI MW VYRRMRK EX E LMKL PIZIP ERH XLWLSYPH FI GLIGOIH SYX ;LIR GSRRIGXIH XS W]WXIQ PIZIP GSRXVSPW ERTYVKMRK EPEVQ GSYPH FI WIRX XS E QEMRXIRERGI TIVWSR EX E VIQSXIE WIVZMGI XIGLRMGMER GSYPH FI HMWTEXGLIH XS HIXIVQMRI MJ XLIVI MXLI QEGLMRI

9XMPM^MRK :EVMEFPI )ZETSVEXSV [EXIV *PS[

-R XLI PEWX JI[ ]IEVW ZEVMEFPI JPS[ GLMPPIH [EXIV TPERXW LEZI KEMRIHTSTYPEVMX] TEVXP] FIGEYWI ZEVMEFPI GLMPPIH [EXIV JPS[ VIWYPXW MRW]WXIQ TYQTMRK GSWX 4EWX KIRIVEXMSR EFWSVTXMSR GLMPPIVW [IVIEPPS[MRK XLI IZETSVEXSV GLMPPIH [EXIV JPS[ VEXI XS ZEV] 8SHE] ZEVHVMZIW SR XLI WSPYXMSR TYQTW GER QSHYPEXI XS EGGSQQSHEXI GLERKGSRHMXMSRW 'SRXEGX XLI GLMPPIV QERYJEGXYVIV XS HIXIVQMRI XLI EPPQMRMQYQ ERH QE\MQYQ JPS[ VEXIW EW [IPP EW XLI EPPS[EFPI VEXI SJ GLIZETSVEXSV [EXIV JPS[

'SRXVSPW EX XLI 7]WXIQ 0IZIP

9RMX GSRXVSP MW RIGIWWEV] XS IRWYVI XLEX IEGL QEGLMRI MW STIVEXPMQMXW ERH MW EFPI XS WEXMWJ] GSSPMRK ERH SV LIEXMRK PSEHW ;LTEVX SJ E W]WXIQ ERSXLIV PE]IV SJ GSRXVSP MW RIIHIH XS GSSVHMREXI[MXL XLEX SJ SXLIV IUYMTQIRX TIVJSVQMRK VIPEXIH VSPIW *YRGXMSRW VW]WXIQ PIZIP SJ GSRXVSP MRGPYHI




n IREFPMRK WXEVXMRK ERH HMWEFPMRK WXSTTMRK GLMPPIVW E

n VIWIXXMRK GLMPPIH [EXIV WIX TSMRXW

n PSKKMRK HEXE JVSQ XLI W]WXIQ ERH

n WIRHMRK HMEKRSWXMGW XS XLI W]WXIQ GSRXVSPPIV

*SPPS[MRK EVI ETTPMGEXMSR GSRWMHIVEXMSRW JSV W]WXIQ PIZIP GSTEVXMGYPEV VIPIZERGI JSV EFWSVTXMSR IUYMTQIRX GSRXVSP SJ LIEXMGLERKISZIV GLMPPIH [EXIV VIWIX ERH MRXIVJEGMRK [MXL E FYMPHMW]WXIQ

'SRXVSP SJ ,IEXMRK 'SSPMRK 'LERKISZIV

7[MXGLMRK E HMVIGX JMVIH EFWSVTXMSR QEGLMRI JVSQ WMQYPXERISYXS LIEXMRK SRP] STIVEXMSR VIUYMVIW GLERKMRK MXW W]WXIQ [EXIVQIERW XLEX XLI GLMPPIV QYWX FI XSPH XLEX MX MW RS[ XS TVSHYG8LI QIXLSH YWIH XS GSQQYRMGEXI XLMW GLERKI ZEVMIW JVSQ SRI (*%XLI RI\X *SV WSQI HIWMKRW MX QE] VIUYMVI STIRMRK SV GPSWMRK J&I WYVI XS GSRWYPX XLI QERYJEGXYVIV W STIVEXMRK MRWXVYGXMSRVIUYMVIH WXITW

'LMPPIH [EXIV 6IWIX

'LMPPIH [EXIV VIWIX QE] SV QE] RSX FIRIJMX E GLMPPIH [EXIV W]WXIQEFWSVTXMSR QEGLMRIW 'LMPPIH [EXIV VIWIX [MPP VIHYGI XLI QEGLMR

GSRWYQTXMSR 6IQIQFIV XLEX EW XLI PIEZMRK GLMPPIH [EXIV XIQTIVEMRGVIEWIW XLI JYIP GSRWYQTXMSR JSV XLI WEQI GLMPPIV HIGVIEWXLYQF XLI IJJMGMIRG] KEMRIH [MXL IEGL°* ? °'A SJ VIWIX MW XSPSEH GSRHMXMSRW MX MW XLIVIJSVI FIRIJMGMEP XS XLI GLMPPIV XSGLMPPIH [EXIV 8LMW GER FI EGGSQTPMWLIH F] WIXXMRK XLI GLMPPIHXIQTIVEXYVI WIX TSMRX YT[EVH EW XLI GLMPPIV PSEH HIGVIEWIW

'LMPPIH [EXIV VIWIX QE] MRGVIEWI XLI TYQT ERH SV JER IRIVK] VIUYMW]WXIQ 6IQIQFIV XLEX XLI GLMPPIV MW STIVEXMRK EW TEVX SJ E W]W]WXIQ W XEWO MW XS QEMRXEMR GSQJSVX GSRHMXMSRW SV WEXMWVIUYMVIQIRXW (ILYQMHMJMGEXMSR GETEFMPMX] HIGVIEWIW EW GLMPPXIQTIVEXYVI VMWIW WS SRI QYWX IRWYVI XLEX XLI YWI SJ GLMPPIHRSX NISTEVHMÎ SGGYTERX GSQJSVX &] XLI WEQI XSOIR MJ E TVSGIW

QE\MQYQ SJ °* ? °'A GLMPPIH [EXIV MX MW RSX EHZMWEFPI XS GSRXS °* ? °'A

%REP]WMW TVSKVEQW WYGL EW 86%')(3) SV 7]WXIQ %REP]ÎV¬ GER LW]WXIQ HIWMKRIVW HIXIVQMRI [LIXLIV GLMPPIH [EXIV VIWIX MW ER EGSRXVSP WGLIQI JSV E TEVXMGYPEV ETTPMGEXMSR




-RXIVJEGMRK [MXL ER %YXSQEXMSR 7]WXIQ

1ERYJEGXYVIVW SJ GSRXVSPW [LIXLIV JSV IUYMTQIRX SV W]WXIQW [VMXWSJX[EVI MR XLIMV S[R TVSTVMIXEV] PERKYEKIW 8LI VIWYPX MW FEFIPWTIEOW E HMJJIVIRX PERKYEKI WS XVERWPEXSVW QYWX FI HIZIPSTIH XSGSQQYRMGEXMSR FIX[IIR XLI IUYMTQIRX ERH FYMPHMRK EYXSQEXMSR W]WGSRXVSPW %W HMWGYWWIH FIPS[ QSWX WYGL XVERWPEXMSRW XSHE] JETTVSEGLIW XLI] IMXLIV EHSTX ER STIR TVSTVMIXEV] TVSXSGSP SV EVI M[VMXXIR XS ER STIR WXERHEVH TVSXSGSP &%'RIX¬ 9PXMQEXIP] XLI W]WXQYWX GLSSWI FIX[IIR STXMSRW IMXLIV IQTPS] E XVYP] STIR GSQQYRMGTVSXSGSP SV [LIR EZEMPEFPI YWI GLMPPIV TPERX GSRXVSPW TVSZMHIH

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

3TIR WXERHEVH TVSXSGSP 8LMW ETTVSEGL EPPS[W IUYMTQIRX ERH GSRXVSPQERYJEGXYVIVW XS [VMXI MRXIVJEGIW XS E WXERHEVH TVSXSGSP %X JMQE] ETTIEV WMQMPEV XS XLI STIR TVSTVMIXEV] TVSXSGSP NYWX HIWGVMFER MQTSVXERX HMJJIVIRGI [LIR XLI W]WXIQ GLERKIW MRXIVJEGIW EPVIEFIX[IIR XLI YRMX ERH FYMPHMRK EYXSQEXMSR GSRXVSPW 8LI FYMPHMRKXLIVIJSVI JVII XS HIEP [MXL ER] GSRXVSP SV IUYMTQIRX QERYJEGXYVIV JSYTHEXIW ERH GLERKIW

&%'RIX &YMPHMRK %YXSQEXMSR ERH 'SRXVSP 2IX[SVO MW E GSQQYRMGTVSXSGSP HIZIPSTIH YRHIV XLI EYWTMGIW SJ XLI %QIVMGER 7SGMIX] SJ ,IE6IJVMKIVEXMRK ERH %MV 'SRHMXMSRMRK )RKMRIIVW %7,6%) %PQSWXW]WXIQ QERYJEGXYVIVW WYTTSVX XLI YWI SJ &%'RIX MR XLIMV TVSHYGXMRHYWXV] WYTTSVX JSV XLI EHSTXMSR SJ &%'RIX EW ER STIR WXERHEVH

7]WXIQ 3TXMSRW

'LMPPIVW GSSPMRK XS[IVW TYQTW FSMPIVW REXYVEP KEW GSSPMRKXLIVQEP WXSVEKI XLIVI EVI GSYRXPIWW [E]W XS HIWMKR E GLMPPIH [EXJVSQ XLIWI ERH SXLIV GSQTSRIRXW (IXIVQMRMRK [LMGL GSQFMREXMSR MJSV E TEVXMGYPEV ETTPMGEXMSR VIUYMVIW GSRWMHIVEXMSR SJ E RYQFI7]WXIQ HIWMKR PSEH ERH STIVEXMRK LSYVW QYWX FI [IMKLIH EKEMRWTVSGYVMRK MRWXEPPMRK STIVEXMRK ERH WIVZMGMRK XLI IUYMTQIRX




%FWSVTXMSR QEGLMRIW TSWWIWW STIVEXMRK GLEVEGXIVMWXMGWMQTVSZI SZIVEPP W]WXIQ IJJMGMIRG] ERH VIHYGI W]WXIQ IRIVK] GSWXW

n %FWSVTXMSR GLMPPIVW YWI JSWWMP JYIPW VEXLIV XLER IPIGXVMGGLMPPIVW EX XMQIW [LIR IPIGXVMG IRIVK] ERH SV HIQERH GSWXWXSXEP W]WXIQ YXMPMX] GSWX

n %R EFWSVTXMSR GLMPPIV [SVOW QSVI IJJMGMIRXP] ERH TVSHYGIW Q[MXL MRGVIEWIH PIEZMRK GLMPPIH [EXIV XIQTIVEXYVIW *SV I\EQTPRSQMREP XSR ? O;A GLMPPIV XLEX STIVEXIW EX KTQ ?XLI TIVJSVQERGI WLS[R MR 8EFPI

8S I\TPSMX XLIWI GLEVEGXIVMWXMGW ERH QMRMQMÎ IPIGXVMGEP HIQHIWMKR WLSYPH TVSZMHI XLI EFWSVTXMSR GLMPPIV [MXL XLI [EVQIWXKVIEXIWX PSEH TSWWMFPI

;MXL XLEX MR QMRH XLMW WIGXMSR MHIRXMJMIW W]WXIQ HIWMKREHZERXEKISYWP] ETTP] EFWSVTXMSR GLMPPIVW XLI GSQFMREXMSR KEWGLMPPIV TPERX XLI WIVMIW TMTMRK EVVERKIQIRX XLI TVIGSSPMRK TLIEXMRK ETTPMGEXMSRW ERH XLIVQEP WXSVEKI 9PXMQEXIP] XLI HIWGSQTEVI XLI EHZERXEKIW SJ IEGL SJ XLIWI EPXIVREXMZIW [MXL SXLIVGSRJMKYVEXMSRW YRHIV GSRWMHIVEXMSR XS EVVMZI EX E GSWX IJJIGWEXMWJMIW XLI PSRK XIVQ RIIHW SJ XLI FYMPHMRK S[RIV %W TVIZMGSQTYXIVMÎH EREP]WMW TVSKVEQW GER EMH XLI IZEPYEXMSR ERH HITVSGIWW 7II l%REP]WMW 8SSPWz SR TEKI

'SQFMREXMSR TPERX 4MTMRK %VVERKIQIRXW'SQFMREXMSR KEW ERH IPIGXVMG GLMPPIV TPERXW GER FI IEWMP] NYWHIQERH ERH SR TIEO IRIVK] GLEVKIW EVI LMKL -R WYGL MRWXEPPEXMEFWSVTXMSR GLMPPIV STIVEXIW HYVMRK SR TIEO TIVMSHW XS EZSMHIPIGXVMGMX] 8LI IPIGXVMG GLMPPIV VYRW HYVMRK SJJ TIEO TIVMSHWXLI PS[IV GSWX SJ IPIGXVMGMX]

8EFPI 3TIVEXMRK 'LEVEGXIVMWXMGW

*YIP 'SRWYQTXMSR

'ETEGMX] XSRW ?O;A );8 * ? 'A 0;8 * ? 'A ,,: '34

? A ? A ? A

? A ? A ? A

? A ? A ? A

8LI OI] XS WYGGIWWJYP MQTPIQIRXEXMSR SJ EGSQFMREXMSR TPERX MW ER MRXIPPMKIRX FYMPHMRKEYXSQEXMSR W]WXIQ XLEX STXMQMÎW GLMPPIVTPERX STIVEXMSR VIPEXMZI XS IPIGXVMGEP ERHKEW YXMPMX] VEXI WXVYGXYVIW




*SV I\EQTPIW SJ GSQFMREXMSR TPERXW WII l7IVMIW ERH 4EVEPPIPz FIPS[l'SQQSR (IGSYTPIHz SR TEKI GSSPMRK [EXIV JSV GSQFMREXMSR TPERXWHMWGYWWIH EX XLI FIKMRRMRK SJ l7]WXIQ (IWMKR 'SRWMHIVEXMSRWz SR

7IVMIW ERH 4EVEPPIP

%TTPMGEXMSRW [MXL GLMPPIVW GER IMXLIV FI TMTIH MR WIVMIW SVFIPS[ ERH *MKYVI SR TEKI GSRXVEWX WIVMIW ERH TEVEPPIP EVVE

IUYEP XSRREKI GLMPPIVW EX HIWMKR GSRHMXMSRW SJ XSRW ?XLIVI EVI EHZERXEKIW EWWSGMEXIH [MXL IEGL EVVERKIQIRX XLI WIVMIWGSRJMKYVEXMSR IJJIGXW E RSXMGIEFPI MRGVIEWI MR XLI SZIVEPP W]WXIQGSQFMREXMSR TPERX IWTIGMEPP] [MXL XLI EFWSVTXMSR GLMPPIV YTWXVEFWSVTXMSR QEGLMRI MR XLMW TSWMXMSR TVSZMHIW MX [MXL XLI [EVQ[EXIV XIQTIVEXYVI 8LMW RSX SRP] MQTVSZIW XLI EFWSVTXMSR QEGLMRIERH GETEGMX] FYX EPWS VIHYGIW XLI GSSPMRK PSEH ERH IPIGXVMGEP GXLI IPIGXVMG GLMPPIV

2SXMGI XSS XLEX MRWXIEH SJ XLI XVEHMXMSREP°* ? °'A XIQTIVEXYVI HMJJIVIRXMEPXLI WIVMIW EVVERKIQIRX MR *MKYVI XEOIW EHZERXEKI SJ E°* ? °'AXIQTIVEXYVI HMJJIVIRGI EGVSWW XLI GLMPPIVW 8LI LMKLIV XIQTIVEXYVIEPPS[W XLI JPS[ VEXI XS FI VIHYGIH ERH VIWYPXW MR PS[IV TYQTMRK GSHIWMVEFPI GETEFMPMX] MR E GSQFMREXMSR TPERX MW XLI EFMPMX] XSXLI KEW FYVRMRK GLMPPIV 8LMW EPPS[W YW XS QE\MQMÎ XLI YWI SJ PHYVMRK TIVMSHW SJ LMKL IPIGXVMGEP IRIVK] GSWX 8LI WIVMIW EVVERKXLMW [LIVIEW XLI XVEHMXMSREP TEVEPPIP EVVERKIQIRX WLS[R MR *MKY

*PS[ ERH TVIWWYVI HVST PMQMXEXMSRW QEOI MXHMJJMGYPX XS ETTP] QSVI XLER GLMPPIVW MRWIVMIW %W ER EPXIVREXMZI YWI TEVEPPIPQSHYPIW SJ WIVMIW TMTIH GLMPPIV TEMVW XSQMRMQMÎ STIVEXMRK GSWXW 4MTMRK GLMPPIVW

MR WIVMIW EPWS QIERW XLEX XLI IRXMVIW]WXIQ [EXIV JPS[ QYWX TEWW XLVSYKLFSXL GLMPPIVW )\IVGMWI GEVI [LIR WIPIGXMRKGLMPPIVW XS EZSMH I\GIIHMRK XLIMV QE\MQYQJPS[ VEXIW

58˚ F

Absorption Chiller

50˚ F

ElectricCentrifugal Chiller

42˚ F

*MKYVI 7IVMIW %VVERKIQIRX

4IVJSVQERGI*PS[ +41

?0TWA);8* ? 'A

0;8* ? 'A '34

%FWSVTXMSR 'LMPPIV ? A ? A ? A

)PIGXVMG 'IRXVMJYKEP 'LMPPIV ? A ? A ? A




Absorption Chiller


45˚ F55˚ F

*MKYVI 4EVEPPIP %VVERKIQIRX

4IVJSVQERGI*PS[ +41

?0TWA);8* ? 'A

0;8* ? 'A '34

%FWSVTXMSR 'LMPPIV ? A ? A ? A

)PIGXVMG 'IRXVMJYKEP 'LMPPIV ? A ? A ? A




'SQQSR (IGSYTPIH

3JXIR SV QSVI GLMPPIVW YWYEPP] TMTIH MR TEVEPPIP GSQTVMWI E G4PEGMRK XLI GLMPPIVW ERH EWWSGMEXIH TYQTW MR E HIGSYTPIH EVVER*MKYVI SJJIVW WIZIVEP HMWXMRGX EHZERXEKIW SZIV GSRZIRXMSREP TGSRJMKYVEXMSRW

n ,]HVEYPMGEPP] MWSPEXIW SV HIGSYTPIW XLI GLMPPIV TPERX TVSHYGXLI W]WXIQ PSEH HMWXVMFYXMSR JPS[ IPMQMREXMRK QER] SJ XLIGSRXVSP VIPEXIH TVSFPIQW GSQQSR XS QYPXMTPI GLMPPIV ETTPMGEXM

n 4VSZMHIW E VIPMEFPI IRIVK] IJJMGMIRX WYTTP] SJ GLMPPIH [EXIV 7M

MRHMZMHYEP GLMPPIV PSSTW EVI HIGSYTPIH JVSQ IEGL SXLIV ERH JVSQHMWXVMFYXMSR JPS[ XLI] EVI WMQTPI XS GSRXVSP

n 6IEHMP] EGGSQQSHEXIW JYXYVI I\TERWMSR [MXLSYX HMWXYVFMRK XLIW]WXIQ GSQTSRIRXW ERH EHETXW XS EPP GLMPPIH [EXIV W]WXIQ ZEVXLIVQEP WXSVEKI LIEX VIGSZIV] JVII GSSPMRK

% FEWMG JEGX SJ HIGSYTPIH W]WXIQ HIWMKR MW XLEX EPP GLMPPIVW QSTIVEXI [MXL XLI WEQI PIEZMRK [EXIV XIQTIVEXYVI ERH W]WXIQ [EXIV

Absorption Chiller

Bypass Line



Production

Distribution

*MKYVI 'SQQSR (IGSYTPIH %VVERKIQIRX

*SV E HMWGYWWMSR SJ HIGSYTPIH W]WXIQHIWMKR TVMRGMTPIW VIJIV XS 'LETXIV SJXLI %7,6%) ,:%' 7]WXIQW ERH)UYMTQIRX ,ERHFSSO ERH XS XLI8VERI)RKMRIIVIH 7]WXIQW 'PMRMG IRXMXPIHl'LMPPIH ;EXIV 7]WXIQ (IWMKR 3TXMSRWERH %TTPMGEXMSRWz SVHIV RS ';7 '0'% 8VERI )RKMRIIVW 2I[WPIXXIV l'LMPPIV4PERX 7]WXIQ 4IVJSVQERGIz :SP2S I\EQMRIW XLI FIRIJMXW SJHIGSYTPMRK GLMPPIVW JVSQ XLI GLMPPIH [EXIVHMWXVMFYXMSR PSST




XIQTIVEXYVI VMWI∆8 'SRWIUYIRXP] WMRGI XLI] EPWS WII E GSQQSR IRX[EXIV XIQTIVEXYVI EPP GLMPPIVW EVI PSEHIH IUYEPP] -R IJJIGX XLIRHIGSYTPIH TMTMRK EVVERKIQIRX WLS[R MR *MKYVI SR TEKI HSIWEHZERXEKI SJ XLI GLMPPIV W MQTVSZIH IJJMGMIRG] ERH GETEGMX] EX[EXIV XIQTIVEXYVIW

(IGSYTPIH [MXL 4VIJIVIRXMEP 0SEHMRK

%RSXLIV W]WXIQ EVVERKIQIRX XLEX XEOIW EHZERXEKI SJ EFWSVTXMSRGLEVEGXIVMWXMGW MW XS TPEGI XLI GLMPPIV MR XLI W]WXIQ WS MXPSEHIH &] WMQTP] QSZMRK XLI EFWSVTXMSR GLMPPIV XS XLI HMWXVF]TEWW PMRI W]WXIQ L]HVEYPMGW ERH XIQTIVEXYVIW GEYWI XLI GLMXYVRIH SR XS FI TVIJIVIRXMEPP] PSEHIH%W WLS[R MR *MKYVI XLI EFWSGLMPPIV EP[E]W WIIW XLI [EVQIWX W]WXIQ [EXIV %W TVIZMSYWP] HMSR XLI TVSHYGXMSR WMHI SJ XLI F]TEWW PMRI [MPP FI PSEHIH XS IUY

3RI GEZIEX XS ETTP]MRK XLMW EVVERKIQIRX MW XLEX XLI GLMPPIVWWMHI SJ XLI F]TEWW PMRI [MPP FI VYRRMRK QSVI SJXIR EX PS[ TEVX P3PHIV GLMPPIVW SV RI[IV GLMPPIVW XLEX LEZI E LMKL G]GPI TSMRX

Absorption Chiller

Bypass Line



Production

Distribution

*MKYVI (IGSYTPIH %VVERKIQIRX [MXL 4VIJIVIRXMEP 0SEHMRK




GETEFMPMX] 8LI FIRIJMX SJ TVIJIVIRXMEPP] PSEHMRK XLI EFWSVTXMSR GLVIHYGI XLI W]WXIQ W IPIGXVMG STIVEXMRK GSWX [LIRIZIV [EVVERXIH F]VEXIW

7MHIWXVIEQ [MXL 4VIJIVIRXMEP 0SEHMRK

*MKYVI WLS[W E WMQTPI QSHMJMGEXMSR SJ XLI XVEHMXMSREP HIGSYEVVERKIQIRX XLEX KYEVERXIIW XLI EFWSVTXMSR GLMPPIV XLI [EVQIWX IRXIQTIVEXYVI ERH JYPP] PSEHW MX [LIRIZIV XLI GLMPPIV TPERX STIVEXIWGSRJMKYVEXMSR EPWS TVIGSSPW XLI W]WXIQ VIXYVR [EXIV JSV XLI HIGSYGLMPPIVW HS[RWXVIEQ VIHYGMRK XLIMV PSEHW ERH IPIGXVMGEP GSRWYHIGVIEWMRK XLI SZIVEPP STIVEXMRK GSWX SJ XLI QYPXMTPI GLMPPIV TPE

Absorption Chiller

Bypass Line



Production

Distribution

*MKYVI 7MHIWXVIEQ %VVERKIQIRX [MXL 4VIJIVIRXMEP 0SEHMRK




7MHIWXVIEQ HIGSYTPIH ETTPMGEXMSRW EVI YWYEPP] QSWX IGSRSQMGEWMHIWXVIEQ GLMPPIV MW WQEPPIV XLER XLSWI SR XLI TVSHYGXMSR WPMRI 7MRGI TYQTMRK VIUYMVIQIRXW ERH IRIVK] GSRWYQTXMSRW GLEQSHMJMGEXMSRW XS XLI W]WXIQ EVVERKIQIRX MX MW FIWX XS YWIEREP]WMW XSSP XS QSHIP XLI IGSRSQMG IJJIGXW

7]WXIQ 3TXMSR %REP]WMW

;MXL WS QER] W]WXIQ STXMSRW EZEMPEFPI [LMGL MW FIWX# % GSQQERW[IV MW l-X HITIRHW z )EGL STXMSR [SVOW ZIV] [IPP MR ZEVMSYW8LI QEKMG MW JMRHMRK SYX [LIR MX ETTPMIW XS E TEVXMGYPEV WM

;LMPI WSQI HIWMKRIVW [SVO [MXL E JYPP IRIVK] EREP]WMW TVSKVEQ86%') ® SV (3) XLIVI EVI XMQIW [LIR E JYPP IRIVK] EREP]WMW M[EVVERXIH 7YGL WMXYEXMSRW MRGPYHI

n MR ZIV] TVIPMQMREV] WXEKIW [LIR XLIVI MW E QMRMQYQ SJ MRJSVFYMPHMRK HIWMKR ERH YWI EZEMPEFPI

n [LIR XLI FYMPHMRK S[RIV SV HIZIPSTIV [ERXW WSQI EREP]WMW FYX[MPPMRK XS TE] JSV E JYPP IRIVK] EREP]WMW ERH SV

n [LIR XLI IRKMRIIV MW WXMPP XV]MRK XS WIGYVI XLI NSF [ERXW XEREP]WMW XS LMKLPMKLX LMW SV LIV JMVQ W GETEFMPMXMIW F

QMRYXIW XS LSYV XS TIVJSVQ XLI EREP]WMW




-R XLIWI ERH WMQMPEV WMXYEXMSRW YWI SJ E WGSTMRK XSSP MW [EVVMW 7]WXIQ %REP]ÎV¬ E ;MRHS[WFEWIH XSSP XLEX GER FI YWIH MR ER LSYPIWW XS GSQTEVI ZEVMSYW EPXIVREXMZIW 7]WXIQ %REP]ÎV [EW YWIH XEPXIVREXMZIW 8LI YXMPMX] VEXIW JSV EPP EPXIVREXMZIW EVI

n SR TIEO IPIGXVMG GSRWYQTXMSR GLEVKI O;L

n SJJ TIEO IPIGXVMG GSRWYQTXMSR GLEVKI O;L

n SR TIEO HIQERH GLEVKI QSRXLW O;

n SJJ TIEO HIQERH GLEVKI O; ERH

n KEW GSRWYQTXMSR GLEVKI XLIVQ ? O;LA

8LI EPXIVREXMZIW ERH VIWYPXW EVI WLS[R MR 8EFPI ERH XLI VIWYPKVETLMGEPP] MR *MKYVI SR TEKI

-R XLMW I\EQTPI XLI L]FVMH TPERX WEZIH IMXLIV SV SJ ERRYE[EXIV TPERX STIVEXMRK GSWXW -X GER FI WIIR XLEX [MXL E WGSTMRKHIWMKRIV QE] FI EFPI XS TVSZMHI E LMKLIV ZEPYI W]WXIQ XS XLI FYMPH

8EFPI 8EFPI SJ %PXIVREXMZIW

)PIGXVMG4EVEPPIP

4YQTMRK

(*%)PIGXVMG

7IVMIW 4YQTMRK

)PIGXVMG4EVEPPIP

4YQTMRK(IGSYTPIH

'LMPPIV )PIGXVMG'34

(*% '34 )PIGXVMG'34

'LMPPIV )PIGXVMG'34

)PIGXVMG'34

)PIGXVMG'34

4MTMRK %VVERKIQIRX 4EVEPPIP 7IVMIW 4EVEPPIP

(IGSYTPIH# 2S 2S =IW

)ZETSVEXSV 8IQTIVEXYVI (MJJIVIRGI* ? 'A

? A ? A ? A

'LMPPIV 'LMPPIH [EXIV 4YQT O; 2%

'LMPPIV 'LMPPIH [EXIV 4YQT O; 2%

7]WXIQ 'LMPPIH [EXIV 4YQT O; 2%

'SRHIRWIV 8IQTIVEXYVI (MJJIVIRGI* ? 'A

? A ? A ? A

'LMPPIV 'SRHIRWIV [EXIV 4YQT O;

'LMPPIV 'SRHIRWIV [EXIV 4YQT O;

8SXEP %RRYEP 3TIVEXMRK 'SWX SJ'LMPPIH [EXIV 4PERX




8LIVQEP 7XSVEKI

%W TVIZMSYWP] WXEXIH EFWSVTXMSR GLMPPIVW GER HVEQEXMGEPP]HIQERH GLEVKIW 8LIVQEP WXSVEKI XIGLRSPSK] EPWS VIHYGIW IPIGXVMGLEVKIW 8SKIXLIV E GSQFMREXMSR SJ XLIVQEP WXSVEKI ERH EFWSVTX

MJ NYWXMJMEFPI SJJIVW WMKRMJMGERX IRIVK] GSWX WEZMRKW 7]WGSRWMHIVMRK XLIVQEP WXSVEKI SJXIR VYPI SYX EFWSVTXMSR IUYMTQFIGEYWI SJ MXW PS[ XIQTIVEXYVI PMQMXEXMSR M I QMRMQYQ°* ? °'A PIEZMRKIZETSVEXSV [EXIV XIQTIVEXYVI 8LMW MW YRRIGIWWEV] &] TVSTIVP]HIWMKRMRK XLI W]WXIQ EFWSVTXMSR VIJVMKIVEXMSR ERH XLIVQEP WWYGGIWWJYPP] GSQFMRIH MR E L]FVMH GLMPPIV TPERX

%FWSVTXMSR 'LMPPIVW ERH 'LMPPIH [EXIV 7XSVEKI

-J EFWSVTXMSR IUYMTQIRX MW YWIH MR ER ETTPMGEXMSR [MXL ER SRPSEH ERH RS SJJ TIEO RMKLXXMQI HIQERH XLI EFWSVTXMSR QEGLMXS GLEVKI E GLMPPIH [EXIV XERO EX RMKLX ERH XLIR STIVEXI MR GSXERO HYVMRK XLI HE] )GSRSQMG NYWXMJMGEXMSR JSV XLMW X]TI SJXLI PSEH TVSJMPI SJ XLI FYMPHMRK XLI GSWX SJ XLI GLMPPIH [EXIVWTEGI IXG ERH WLSYPH FI I\EQMRIH YWMRK E GSQTYXIVMÎH EREP]

*MKYVI 7]WXIQ %REP]ÎV ¬ +VETL




%FWSVTXMSR 'LMPPIVW ERH -GI 7XSVEKI

7MRGI EFWSVTXMSR GLMPPIVW YWI [EXIV EW VIJVMKIVERX ERH WMRGI [EPPS[IH XS JVIIÎ MR XLI GLMPPIV WSQI HIWMKRIVW HSR X VIEPMÎ XLEXTSWWMFPI XS GSQFMRI MGI WXSVEKI ERH EFWSVTXMSR IUYMTQIRX &SXLIPIGXVMGEP HIQERH XLI EFWSVTXMSR GLMPPIV YWIW IRIVK] WSYVGIW SXIPIGXVMGMX] XS TVSZMHI GSSPMRK ERH MGI WXSVEKI GSSPW W]WXIQ [EXMR PMIY SJ VYRRMRK ER IPIGXVMG GLMPPIV HYVMRK SR TIEO XMQIW %YWYEPP] IPIGXVMG MW VIUYMVIH MR EHHMXMSR XS XLI EFWSVTXMSR QMGI XEROW

%X JMVWX KPERGI MX QE] WIIQ XLEX WYGL E GSQFMREXMSR MW SZIVOMIMXLIV EFWSVTXMSR IUYMTQIRX SV MGI WXSVEKI VIHYGIW IPIGXVMG HIQE8LIVI EVI LS[IZIV ETTPMGEXMSRW MR [LMGL XLI HIQERH GLEVKIW EVI WLMKL XS [EVVERX IZEPYEXMRK WYGL E W]WXIQ %ZEMPEFMPMX] SJ YXMPERSXLIV JEGXSV XS GSRWMHIV WMRGI WSQI IPIGXVMG YXMPMXMIW SJJIVJSV MRWXEPPMRK XLIVQEP WXSVEKI EW HS KEW YXMPMXMIW JSV MRWXIUYMTQIRX %P[E]W EWO ]SYV YXMPMX] VITVIWIRXEXMZI EFSYX TSWWMFPEWWMWXERGI

*MKYVI SR TEKI MPPYWXVEXIW E GSQFMREXMSR KEW ERH IPIGXVMG[MXL MGI WXSVEKI 2SXMGI XLEX XLI EFWSVTXMSR GLMPPIV MW TSWMXMWXSVEKI XEROW XS IRLERGI MXW IJJMGMIRG] F] TVSZMHMRK MX [MXL XL[EXIV %PWS RSXI XLEX XLI GSRXVSPW JSV WYGL E W]WXIQ [LMPI RSX GQYWX FI GETEFPI SJ WIUYIRGMRK XLI GLMPPIVW M I XIPPMRK XLI IPIGXS QEOI MGI ERH XIPPMRK XLI W]WXIQ [LIR XS QIPX MGI

8LI I\EQTPI FYMPHMRK PSEH TVSJMPI MR *MKYVI SR TEKI HIQSRWXVEXLIWI W]WXIQ GSQTSRIRXW XLI EFWSVTXMSR GLMPPIV IPIGXVMG GLMPPIVWXSVEKI XEROW GER FI WXVEXIKMGEPP] GSRXVSPPIH XS QMRMQMÎ IPIGXVGSWXW ERH MR IWWIRGI EGLMIZI XLI FIRIJMX SJ E JYPP MGI WXSVEKI WFY]MRK E JYPP WXSVEKI W]WXIQ

(YVMRK SJJ TIEO LSYVW ,SYVW r ERH r XLI W]WXIQ MW MWSPEXIIPIGXVMG GLMPPIV MW YWIH XS GLEVKI XLI MGI XEROW %X QMH TIEOXEROW EVI HSVQERX ERH SRI SV FSXL GLMPPIVW STIVEXI EW VIUYMVIH XPSEH ;LIR FYMPHMRK GSSPMRK HIQERH MW EX MXW TIEO ,SYVW rXLI IPIGXVMG GLMPPIV MW IPMQMREXIH ERH XLI EFWSVTXMSR GLMPPIV EXLI PSEH EW MX GER %R] VIQEMRMRK GSSPMRK VIUYMVIQIRX MW WEXMWXSVEKI XEROW

7MRGI IGSRSQMG NYWXMJMGEXMSR SJ E L]FVMHGLMPPIV W]WXIQ [MXL MGI MRZSPZIW VIFEXIWHIQERH GLEVKIW ERH WIZIVEP YXMPMX] VEXIWXVYGXYVIW YWI SJ E GSQTYXIVMÎH IRIVK]EREP]WMW TVSKVEQ MW MQTIVEXMZI




;LIR ETTPMIH MR XLMW QERRIV E L]FVMH GLMPPIV W]WXIQ [MXL MGI SEHZERXEKIW

n -X QMRMQMÎW TIVLETW IZIR IPMQMREXIW IPIGXVMG GLMPPIV STIVLSYVW MR IJJIGX TVSZMHMRK XLI FIRIJMXW SJ E JYPP WXSVEKI W]JMVWX GSWX [LMPI SGGYT]MRK GSRWMHIVEFP] PIWW WTEGI

n -X QE] FI IPMKMFPI JSV MRGIRXMZIW JVSQ FSXL IPIGXVMG ERH KEW


DIrect-fired Absorption ChillerReturnfrom Coils

Supplyto Coils

Ice Storage

Bypass Line

Production

Distribution

*MKYVI ,]FVMH 'LMPPIV 7]WXIQ [MXL -GI




1,500Tons

1,000Tons

500Tons

0Tons 1 2 3 4 5 6 7 8 9 10 11 12 13 14 16 18 19 20 21 22 23 2415 17

Hour of the Day

Hybrid Chiller System with Ice

Electric Chiller #1

Absorption Chiller #2

Charge Ice

Use Ice

*MKYVI )\EQTPI &YMPHMRK 0SEH 4VSJMPI




,IEXMRK %TTPMGEXMSRW

%W HMWGYWWIH MR l%FWSVTXMSR %R 3ZIVZMI[z TEKIW r HMVIGGLMPPIVW EVI GETEFPI SJ TVSHYGMRK LSX [EXIV MR PMIY SJ SV MR E[EXIV 8LIWI QEGLMRIW GER XLIVIJSVI FI MRWXEPPIH MR W]WXIQW XSVITPEGI TVMQEV] LIEXMRK IUYMTQIRX EW HIXIVQMRIH EX PIEWX MRW]WXIQ W GSSPMRK VIUYMVIQIRXW ERH SV XS TVSHYGI HSQIWXMG L

7MQYPXERISYW ,IEXMRK ERH 'SSPMRK

;LMPI GSSPMRK XLI (*% GLMPPIV GER WYTTP] E PMQMXIH EQSYRX SJ L

HITIRHIRX SR XLI TVIWIRX GSSPMRK PSEH 8LI I\XIRX SJ XLI QEGLMRI WGETEFMPMX] ZEVMIW JVSQ SRI QERYJEGXYVIV W HIWMKR XS XLI RI\XGSSPMRK PSEHW JSV E TEVXMGYPEV ETTPMGEXMSR EVI WMQYPXERISYW(*% GLMPPIV XS WYTTPIQIRX XLI QEMR LIEXMRK W]WXIQ

,IEXMRK 3RP]

-J ETTPMIH MR E GLERKISZIV W]WXIQ XLEX TVSZMHIW LIEXMRK HYVMRGSSPMRK HYVMRK XLI WYQQIV XLI (*% GLMPPIV QE] FI EFPI XS WEXMXLI LIEXMRK PSEH EX EPP XMQIW -R WYGL ETTPMGEXMSRW WIPIGXMWLSYPH FI QEHI XS EPPS[ HS[RWM^MRK SV TIVLETW IZIR IPMQMREXMSTVMQEV] LIEXMRK IUYMTQIRX ERH MXW EXXIRHERX MRWXEPPEXMSR ERGSWXW

'SQFMREXMSR KEW ERH IPIGXVMG TPERXW GER EPWS I\TPSMX XLI LIEXMHMVIGX JMVIH EFWSVTXMSR IUYMTQIRX &SXL IPIGXVMG ERH EFWSVTXWYQQIV GSSPMRK -J XLI IPIGXVMG GLMPPIV W GER WEXMWJ] XLI [MR(*% QEGLMRI GER FI W[MXGLIH XS LIEXMRK STIVEXMSR ERH IMXLIV WELIEXMRK HIQERH SV WYTTPIQIRX XLI TVMQEV] LIEXMRK IUYMTQIRX




8LI GSQFYWXMSR TVSGIWW XLEX SGGYVW EX XLI YRMX W FYVRIV MW OSJ HMVIGX JMVIH EFWSVTXMSR GLMPPIVW FYX MX GERRSX SGGYV [MXLSY8LMW WIGXMSR HMWGYWWIW GSQFYWXMSR EMV HIPMZIV] VIUYMVIQIRXWX]TMGEP HMVIGX JMVIH EFWSVTXMSR (*% GLMPPIV ERH XLI WYFWIUYIR[EWXI TVSHYGXW JVSQ XLI WTEGI

'SQFYWXMSR %MV 6IUYMVIQIRXW

7XSMGLMSQIXVMG %MV

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

)\GIWW %MV XLI 4VSTIV %QSYRX

'SQFYWXMSR IUYMTQIRX MW HIWMKRIH ERH STIVEXIH XS IRWYVI GSQTPIXIXLER WXSMGLMSQIXVMG GSQFYWXMSR ;L]# %W RSXIH MR XLI%7,6%)*YRHEQIRXEPW ,ERHFSSO l-RGSQTPIXI GSQFYWXMSR YWIW JYIP MRIJJMGMIRXP

8EFPI *YIP %MV 6IPEXMSRWLMTW

*VSQ %7,6%) W *YRHEQIRXEPW ,ERHFSSO 'LETXIV T 8EFPI I\GIVTX l%TTV%MV 6IUYMVIQIRXW JSV 7XSMGLMSQIXVMG 'SQFYWXMSR SJ :EVMSYW *YIPWz

*YIP 8]TI 8LISVIXMGEP %MV 6IUYMVIH JSV 'SQFYWXM

0MUYMH *YIPW2S *YIP 3MP2S *YIP 3MP2S *YIP 3MP2S *YIP 3MP

PF KEP *YIP ?OK P *YIPA? A? A? A? A

+EWISYW *YIPW2EXYVEP +EW

&YXERI4VSTERI

GY JX GY JX *YIP ?Q Q *YIPA? A? A? A

%W ]SY VIEH XLI QEXIVMEP TVIWIRXIH LIVIVIQIQFIV XLEX XLI TVMRGMTPI IPIQIRXWJSYRH MR XLI GSQFYWXMSR SJ WXERHEVH JYIPWMRGPYHI GEVFSR ' L]HVSKIR , S\]KIR

3 ERH RMXVSKIR 2 WYPJYV 7 MQTYVMXMIWQE] EPWS FI TVIWIRX 8LI JSPPS[MRKIUYEXMSRW VITVIWIRX XLI GLIQMGEPVIEGXMSRW XVMKKIVIH F] XLI GSQFYWXMSRTVSGIWW

2MXVSKIR S\MHI 23\ GSQTSYRHW ERSXLIVTVSHYGX SJ GSQFYWXMSR EVI HMWGYWWIH PEXIVMR XLMW WIGXMSR WII l23\ )QMWWMSRWz SRTEKI

' 3 '3 →+, 3 + , 3 →

7 3 + 73 →

6YPIW SJ XLYQF JSV IWXMQEXMRKWXSMGLMSQIXVMG EMV

6YPI 7SYVGI+SVHSR 4MEXX )RIVK]+VSYT %PPS[ GY JX SJ EMV JSV IZIV] &XY SJKVSWW LIEXMRK ZEPYI XLIR JVSQ XLEX ZEPYIWYFXVEGX GY JX *SV I\EQTPI REXYVEP KEWGSRXEMRW &XY GY JX XLIVIJSVI7XSMGLMSQIXVMG %MV 6IUYMVIH !

! GY JX EMV GY JX REXYVEP KEW

6YPI 7SYVGI %7,6%)*YRHEQIRXEPW ,ERHFSSO l%RSXLIV JVIUYIRXP] YWIH ZEPYI JSVIWXMQEXMRK EMV VIUYMVIQIRXW MW XLEX GY JX? Q«A SJ EMV MW VIUYMVIH JSV &XY? 1.A SJ JYIP z *SV REXYVEP KEW XLIR7XSMGLMSQIXVMG %MV 6IUYMVIH ! \ !

GY JX GY JX ? Q« Q«A REXYVEP KEW

8LIWI I\EQTPIW HIQSRWXVEXI XLI MRI\EGXREXYVI SJ lVYPI SJ XLYQFz GEPGYPEXMSRW ERHYRHIVWGSVI XLI MQTSVXERGI SJ ETTP]MRKWYGL VYPIW SRP] JSV RSRGVMXMGEP TVSGIWWIW




FI LEÊVHSYW FIGEYWI SJ GEVFSR QSRS\MHI TVSHYGXMSR ERH GSRXVMTSPPYXMSR z 'SRWIUYIRXP] [LMPI WXSMGLMSQIXVMG GSQFYWXMSR GERWLSYPH RSX FI XLI SFNIGXMZI SJ KSSH FYVRIV HIWMKR SV EHNYWXQIR

-R JEGX JSV IGSRSQ] ERH WEJIX] WSQI WYVTPYW GSQFYWXMSR EMVRIIHIH XS GSQTIRWEXI JSV YRGSRXVSPPEFPI ZEVMERGIW MR JYIP EMVEHNYWXQIRXW ERH IUYMTQIRX STIVEXMRK IRZMVSRQIRX )\GIWW EMVXLI EQSYRX SJ EMV MR EHHMXMSR XS XLI MHIEP SV WXSMGLMSQIXVMGGSQTPIXI GSQFYWXMSR 8]TMGEPP] MX MW EX PIEWX r SJ XLI WZEPYI

,S[ QYGL I\GIWW EMV XS TVSZMHI JSV E TEVXMGYPEV (*% MRWXEPPEXMF] WYGL JEGXSVW EW I\TIGXIH ZEVMEXMSRW MR JYIP ERH EMV WYTTPETTPMGEXMSR FYVRIV HIWMKR ERH GSRXVSP VIUYMVIQIRXW 8SS PMVIWYPX MR MRGSQTPIXI GSQFYWXMSR WQSOI ERH XLI JSVQEXMSR SJQSRS\MHI '3 ERH RMXVSKIR S\MHI 23\ GSQTSYRHW [LMPI XSS QYGL GERHIGVIEWI FYVRIV IJJMGMIRG]

:IVMJ]MRK 'SQTPIXI 'SQFYWXMSR8IWXMRK *PYI +EW 'SQTSWMXMSR

-J XLI FYVRIV SJ E HMVIGX JMVIH EFWSVTXMSR GLMPPIV MW TVSTIVP]ERH STIVEXIH XLIVIF] IJJIGXMRK GSQTPIXI GSQFYWXMSR XLI VIWYPXMWLSYPH GSRXEMR TIVGIRXEKIW SJ S\]KIR 3GEVFSR HMS\MHI '3ERH GEVFSRQSRS\MHI '3 EW WLS[R MR 8EFPI

9WYEPP] GSRHYGXIH SRGI IZIV] QSRXLW YRPIWW SXLIV[MWI VIGSQQIRHGLMPPIV QERYJEGXYVIV JPYI KEW EREP]WMW TVSZMHIW E QIERW JSVGSQFYWXMSR ERH IZEPYEXMRK FYVRIV TIVJSVQERGI -X GER FI YWIH XGSRHMXMSRW ERH XS IRWYVI GSQTPIXI ERH TVSTIV QM\MRK SJ JYIP ERXS HIXIVQMRI ERH TIVLETW MQTVSZI GSQFYWXMSR IJJMGMIRG]

:EVMSYW XIWXW GER FI YWIH XS HIXIVQMRI XLI GSQFYWXMSR TIVJSVQFYVRMRK IUYMTQIRX ;LMPI &EGLEVEGL ERH ,E]W 3VWEX OMXW EVI GJSV XLMW TYVTSWI IPIGXVSRMG XIWX KIEV MW KEMRMRK TSTYPEVMXQIXLSHW QSRMXSV 3'3 ERH '3 -R EHHMXMSR IPIGXVSRMG KIEV GLIG

8EFPI 'SQTSWMXMSR SJ *PYI +EW

*YIP 8]TI 3\]KIR 'EVFSR (MS\MHI 'EVFSR 1SRS\MHI

6IJIVIRGI XLI GYVVIRX %27- WXERHEVH JSV GEVFSR QSRS\MHI IQMWWMSRW

2EXYVEP +EW r r

2S *YIP 3MP r r

%W E VYPI SJ XLYQF EPPSX GY JX ? QASJ XSXEP EMV WXSMGLMSQIXVMG EMV I\GIWW EMVJSV IZIV] &XY ? O.A SJ JYIP GSRXIRX7S JSV IEGL GY JX ? QA SJ REXYVEPKEW EX &XY GY JX? O. QA EFSYX

GY JX ? QA SJ EMV EVI RIIHIH XSEWWYVI GSQTPIXI GSQFYWXMSR




XIQTIVEXYVI [LMPI &EGLEVEGL OMXW QIEWYVI WXEGO XIQTIVEXYVI ERHGSRXIRX *PYI KEW WEQTPIW EVI X]TMGEPP] GSPPIGXIH ZME E WEQTPMRK XJPYI EGGIWW HYGX GSZIV

4SSV FYVRIV TIVJSVQERGI M I MRGSQTPIXI ERH SV MRIJJMGMIRX GSQFYMRHMGEXIH MJ XLI JPYI KEW WEQTPI GSRXEMRW GEVFSR QSRS\MHI '3 SVS\]KIR SV GEVFSR HMS\MHI 1ER] GSRHMXMSRW GER VIWYPX MR TSSV GSQWSQI SJ XLI QSVI GSQQSR GEYWIW EVI HIXEMPIH MR XLI JSPPS[MRK PMWX

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Flue Gas Intake

Flue Gas Ducting

Motorized FGRShutoff Valve

FGR Control Valve

Burner

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A typical flue-gas recirculation (FGR) system includes a stack flue-gas intake and associatedpiping, as well as a shutoff valve and a control valve. (The latter is modulated via linkages withthe burner air/fuel control motor and is therefore usually factory mounted.) As referenced in theillustration, basic installation (if not supplied as par t of the DFA equipment) requires that theinstaller do the following.

Modify the burner stack to accept the flue-gas intake. Position the intake at the center of thestack inside diameter, either 3 to 5 stack diameters from the machine outlet or upstream ofan existing stack-outlet damper.

Run piping from the stack outlet to the inlet of the combustion air windbox. Steel tubing witha wall thickness of 0.125" [3.175 mm] is typically suitable. Provide adequate mounting andbracing throughout the run.

Use elbows with a radius-to-diameter (R/D) ratio > 2. Minimize the number of elbows to limitpressure drop. Sectioned elbows, if used, must consist of multiple segments.

Insulate the ducting to minimize surface temperature and to comply with OSHA standardsand applicable codes.

Design all FGR piping runs to provide adequate clearance for machine inspection and

service.




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Cooling Tower

Exhaust Gas

Vent

Flue Stack

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Direct-FiredAbsorption Chiller

Cooling Tower

Flue Stack

Vent

Flue StackAccess Duct

Exhaust Duct

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Backflow Damper

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'LMPPIV 1EMRXIRERGI

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1IGLERMGEP 'SQTSRIRXW

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JMVIH

6IJVMKIVERX ERH 7SPYXMSR 4YQTW

;LMPI WIEWSREP FIEVMRK ERH WIEP MRWTIGXMSR MW RSX VIUYMVIHWLEJX WIEPW MJ WS IUYMTTIH JSV [IEV EX ]IEV MRXIVZEPW MW YWYVI XS GSRWYPX XLI QERYJEGXYVIV JSV WTIGMJMG VIGSQQIRHEXMSRW

% RYQFIV SJ GLMPPIV W]WXIQ STXMSRW I KQEVMRI [EXIV FS\IW XYFI QEXIVMEP ERHXLMGORIWW ERH QMGVSIPIGXVSRMG GSRXVSPWEVI EZEMPEFPI XS PS[IV QEMRXIRERGI GSWXWERH IRLERGI W]WXIQ IJJMGMIRG] )\EQMRIWYGL EPXIVREXMZIW GPSWIP] 6IHYGMRKQEMRXIRERGI GSWXW [LMGL IRLERGIWW]WXIQ VIPMEFMPMX] SV MRGVIEWMRK W]WXIQIJJMGMIRG] F] IZIR E WQEPP TIVGIRXEKI GERVIWYPX MR E PEVKI TE]FEGO SZIV XLI PMJI SJ XLIIUYMTQIRX




4YVKI

%GGYQYPEXMSR SJ EMV ERH SXLIV RSRGSRHIRWEFPI KEWIW YRHIVQMRIW EGLMPPIV IJJMGMIRG] ERH VIPMEFMPMX] 6IKYPEV STIVEXMSR ERH QEMRXIRTYVKI YRMX MW XLIVIJSVI VIUYMVIH XS QEMRXEMR XLI GLMPPIV W HIWMXLIVIJSVI XIQTIVEXYVIW TVIWIVZMRK MXW LIVQIXMG MRXIKVMX] ERHYRMX ZEGYYQ 8SHE] QSWX TYVKIW EVI JYPP] EYXSQEXMG ERH KIRIVEPP]QEMRXIRERGI XLER TVIZMSYW KIRIVEXMSR QERYEP TYVKIW

-R 8VERI EFWSVTXMSR GLMPPIVW ER IHYGXSV W]WXIQ QSZIW XLI RSRGSRJVSQ XLI EFWSVFIV XS XLI GSRHIRWIV 8LI 4YVMJMIVTYVKI YRMX XLIR HVE[WRSRGSRHIRWEFPIW JVSQ XLI GSRHIRWIV MRXS XLI TYVKI GSPPIGXMSR XEROTYVKI STIVEXMSR SGGYVW [MXL XLI EFWSVTXMSR QEGLMRI SR SV SJJ 8LQSHI SJ STIVEXMSR MW [MXL XLI TYVKI WIX XS l3Rz SR XLI GSRXVSP TERPERKYEKI HMWTPE] ;MXL l3Rz TYVKI STIVEXMSR XLI TYVKI GSRHIRWMRKZEGYYQ TYQT VYR GSRXMRYSYWP] 8LI GSRHIRWMRK YRMX HVE[W RSRGSRSYX SJ XLI GSRHIRWIV XS E RSRGSRHIRWEFPI GSPPIGXMSR XERO 8LI TYVK[LIR XLI GSPPIGXMSR XERO GSRXEMRW RSRGSRHIRWEFPIW ERH I\IGYXIW XLIG]GPI EW RIGIWWEV] % TYQT SYX ZEPZI STIRW XS EPPS[ XLI ZEGYYQ TYQTXLI GSPPIGXMSR XERO SJ RSRGSRHIRWEFPIW 4YQT SYX XMQI MW QSRMXSVJSV EREP]WMW

9WMRK XLI 4YVKI EW E 'LMPPIV 1EMRXIRERGI 8SSP

4YVKI EGXMZMX] MRHMGEXIW RSRGSRHIRWEFPIW [MXLMR XLI GLMPPIV )\GEGXMZMX] QE] MRHMGEXI ER EMV PIEO SV YRYWYEP GSVVSWMSR MRLMFMWSPYXMSR EREP]WMW QE] FI VIUYMVIH % XMQIV WLSYPH QSRMXSV XLIXMQI [MXLMR ER] LSYV TIVMSH -J MX I\GIIHW XLI TVIWIX XMQIV WIXWMKREP MW KIRIVEXIH XS EPIVX XLI STIVEXSV XLEX TYVKI EGXMZMX] MWEFWSVTXMSR GLMPPIVW XLI YRMX GSRXVSPPIV GER TVSZMHI EGGIWW XSTYQT TYVKI VITSVX KVSYT

4YVKI VIPEXIH TVIZIRXMZI QEMRXIRERGI TVSGIHYVIW EVI WMQTPI

n ;IIOP] ;MXL XLI TYVKI YRMX STIVEXMRK GLIGO TYVKI XERO GSRHIRWMF] SFWIVZMRK XLI PMUYMH PIZIP MR XLI WYQT WMKLX KPEWW 8LI PMFI ZMWMFPI MR XLI WMKLX KPEWW HYVMRK GSRHIRWMRK YRMX STIVE

n 7IQMERRYEPP] -RWTIGX XLI EMV GSSPIH GSRHIRWMRK YRMX GSMP ERHRIIHIH 'PIER XLI GSMP JVSQ XLI JER WMHI YWMRK GSQTVIWWIH EMV SGPIERIV % JSYPIH GSMP [MPP VIHYGI TYVKI IJJMGMIRG] ERH GETEGMX]

-R EHHMXMSR WSQI TYVKI HIWMKRW YWI WTIGMEP IPIGXVMGEPP] LIEXIHWIPIGXMZIP] VIQSZI L]HVSKIR KEW ;LMPI XLIWI TEPPEHMYQ IPIQIRXW HS RVIUYMVI WIVZMGI HYVMRK XLIMV STIVEXMRK PMJI XLI] QYWX FI VITPEG

XS ]IEVW

7]QTXSQW SJ RSRGSRHIRWEFPIW MRXIVJIVMRK[MXL XLI EFWSVTXMSR VIJVMKIVEXMSR G]GPI EVIMRGVIEWIH PIEZMRK IZETSVEXSV [EXIV ERHGSRGIRXVEXIH WSPYXMSR XIQTIVEXYVIW 8LIVIWYPX MW HIXIVMSVEXMSR SJ GSRHIRWIV WMHIXSXEP LIEX VINIGXMSR MRGVIEWIH VMWO SJMRXIVREP GSVVSWMSR ERH TSWWMFPIGV]WXEPPMÊXMSR




&YVRIV

8LI FYVRIV MW XLI LIEVX SJ E HMVIGX JMVIH EFWSVTXMSR GLMPPIVXLIVIJSVI RIGIWWEV] JSV STXMQYQ GLMPPIV TIVJSVQERGI (EMP] GLIGOWQEHI MR EGGSVHERGI [MXL XLI QERYJEGXYVIV W VIGSQQIRHEXMSRW EGSSPMRK WIEWSR XLI FYVRIV W JMVMRK VEXI ERH PMROEKI WLSYPH FTVSTIV STIVEXMSR -J E HYEP JYIP FYVRIV MW FIMRK YWIH MX WLSYTIVMSHMGEPP] XIWX VYR [MXL XLI EPXIVREXI JYIP XS IRWYVI VIPMEFPISTIVEXMSR

1ERYJEGXYVIVW SJ (*% YRMXW TVSZMHI HIXEMPIH FYVRIV QEMRXIRERGKIRIVEPP] [MXL QEMRXIRERGI VIUYMVIQIRXW EX ERH QSRXLIRWYVI IJJMGMIRG] ERH MRGVIEWI PSRKIZMX] SJ FSXL XLI FYVRIV ERHGSRWYPX QERYJEGXYVIVW QEMRXIRERGI QERYEPW ERH JSPPS[ XLIMV M

,IEX 8VERWJIV 'SQTSRIRXW

7IPIGXMSR SJ TVSTIV LIEX XVERWJIV QEXIVMEPW [MPP VIHYGI JYXYVI QGSWXW *SV I\EQTPI WMRGI XLI LMKL XIQTIVEXYVI KIRIVEXSV SJ E QEFWSVTXMSR GLMPPIV GER GSRXEMR E LMKLP] GSVVSWMZI EXQSWTLIVIWXEMRPIWW WXIIP SV ERSXLIV LIEZMIV KEYKI WXIIP [MPP KMZI KVIEXIVIUYMVI PIWW QEMRXIRERGI -R PIWW GSVVSWMZI TSVXMSRW WYGLPS[ XIQTIVEXYVI KIRIVEXSV XLI YWI SJ GYTVSRMGOIP XYFIW [MPP VIWPSRKIZMX] 9WI SJ FIXXIV QEXIVMEPW [MPP VIHYGI QEMRXIRERGI GSWX

HYVMRK GLMPPIV WIPIGXMSR FSXL MRWXEPPEXMSR ERH QEMRXIRERGIGSRWMHIVIH [LIR GSQTEVMRK HMJJIVIRX GLMPPIVW

8LI EGGYQYPEXMSR SJ GSRXEQMRERXW SV JSYPMRK HITSWMXW MR XLIEFWSVFIVrGSRHIRWIV XYFIW EGXW EW ER MRWYPEXSV XLEX MRLMFMXWMRGVIEWMRK XLIVQEP VIWMWXERGI 8LMW VIHYGIW XLI STIVEXMRK IJIRXMVI GLMPPIV W]WXIQ ERH VIWYPXW MR MRGVIEWIH IRIVK] GSRWYQ

;LMPI WIZIVEP OMRHW SJ JSYPMRK I\MWX M I WGEPMRK WIHMQIRXEGSVVSWMSR ERH FMSPSKMGEP JSYPMRK XLI X]TIW QSWX GSQQSR XSERH VIJVMKIVEXMSR GSRHIRWIVW EVI WGEPMRK ERH WIHMQIRXEXMSRHITSWMXW EVI FIWX VIQSZIH F] GLIQMGEP GPIERMRK 7PYHKI SR XLIQYWX FI VIQSZIH QIGLERMGEPP] ERH MRZSPZIW VIQSZMRK XLI LIEHIVW

PSSWIRMRK XLI HITSWMXW [MXL E WXMJJ FVMWXPIH FVYWL 8LI PSSWJPYWLIH JVSQ XLI XYFIW [MXL GPIEV [EXIV

% OI] JEGXSV MR SFXEMRMRK LMKL GETEGMX] TIVJSVQERGI SJ LIEX XVGSQTSRIRXW MW OIITMRK XLI LIEX XVERWJIV WYVJEGIW JVII SJ WGEPIWPYHKI )ZIR E ZIV] XLMR WYVJEGI WGEPI KVIEXP] VIHYGIW LIEX XVER'SRWIUYIRXP] GPIERPMRIWW SJ XLI GSSPMRK [EXIV XYFIW VIQEMRW EGSRGIVR MR ER] [EXIV GSSPIH GLMPPIV ETTPMGEXMSR HIWTMXI EHZERGIUYMTQIRX HIWMKR 6IPEXIH GSWXW GER FI VIHYGIH F] SJ XLI JSPPSQIXLSHW




8LI JMVWX QIXLSH MW XS TVSZMHI VIEH] EGGIWW XS XLI XYFIW JSV IEWMRWTIGXMSR 8S VIHYGI XLI XMQI ERH IJJSVX EWWSGMEXIH [MXL MRWTIGGPIERMRK LIEX I\GLERKIV XYFIW QEVMRI [EXIV FS\IW EVI SJXIR WTIGMJM7XERHEVH [EXIV FS\IW X]TMGEPP] VIUYMVI HMWEWWIQFP] SJ XLI [EXIV TMVIQSZEP SJ XLI [EXIV FS\ JSV XYFI EGGIWW 1EVMRI [EXIV FS\IW IPMQMREXWXIT F] TVSZMHMRK WMHI GSRRIGXMSRW JSV XLI [EXIV TMTMRK ERH E VSR XLI IRH SJ XLI [EXIV FS\ 7MQTP] VIQSZMRK XLI IRH GSZIV SR XLI QEV[EXIV FS\ EPPS[W JYPP EGGIWW XS XLI XYFIW JSV MRWTIGXMSR ERH GPIER

8LI WIGSRH QIXLSH MW XS GSRWMHIV EYXSQEXMG XYFI GPIERMRK %YXSGPIERMRK IUYMTQIRX GER FI ETTPMIH MR W]WXIQW [LIVI YWI SJ GSRXEQM

GSSPMRK [EXIV VIWYPXW MR JVIUYIRX XYFI GPIERMRK SV [LIVI WLYXHS[RJSV QEMRXIRERGI MW YRHIWMVEFPI %YXSQEXMG XYFI GPIERMRK IUYMTQIFVYWLIW [LMGL EVI LIPH MR WQEPP FEWOIXW EX XLI IRHW SJ XLI GSRHIREFWSVFIV XYFIW ERH TVSTIPPIH XLVSYKL XLI XYFIW F] VIZIVWMRK XLI GSJPS[ 8LI FVYWLIW QE] FI G]GPIH XLVSYKL XLI XYFIW EX ER] JVIUYIRG] VIUYTVIZIRX XLI FYMPHYT SJ WGEPI ERH WPYHKI %YXSQEXMG XYFI GPIERIVWGSRNYRGXMSR [MXL E GSQTVILIRWMZI [EXIV XVIEXQIRX TVSKVEQ GER OIGLMPPIV STIVEXMRK EX TIEO IJJMGMIRG]

3J GSYVWI VIKEVHPIWW SJ [LIXLIV XLI QEGLMRI MW IUYMTTIH [MXL SVXLIWI STXMSRW S[RIVW SJ EFWSVTXMSR GLMPPIVW WLSYPH IRKEKI XLI WUYEPMJMIH [EXIV XVIEXQIRX WTIGMEPMWX XS HIXIVQMRI XLI ERXMJSYPERVIUYMVIH %TTVSTVMEXI XVIEXQIRX SJ IZETSVEXSV ERH GSSPMRK [EXIV MW

ZMVXYEPP] EPP VIJVMKIVEXMSR IUYMTQIRX [EVVERXMIW WTIGMJMGEPP] I\GVIWTSRWMFMPMX] JSV IUYMTQIRX JEMPYVIW VIWYPXMRK JVSQ YRXVIEXIHXVIEXIH [EXIV

'SRXVSPW

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

-R HMVIGX JMVIH IUYMTQIRX XLIVI EVI HMWXMRGX GSRXVSP W]WXIQWEFWSVTXMSR VIJVMKIVEXMSR TVSGIWW ERH XLI SXLIV GSRXVSPW GSQFYWXXS XLI MRXIVREP HEXE XLEX MW PSKKIH GSQFYWXMSR HEXE WYGL EW JTVIWWYVI ERH WS SR WLSYPH EPWS FI PSKKIH HEMP] 8]TMGEPP] XLI FYGSRXVSPW I K KEW SMP TVIWWYVI EMVJPS[ W[MXGLIW WSPIRSMH ZEJPEQI GSRXVSPW IXG QYWX FI GLIGOIH IZIV] XS QSRXLW -RWTIGXM




MW HMGXEXIH F] XLI FYVRIV QERYJEGXYVIV ERH F] XLI GSRHMXMSR SSTIVEXMRK IRZMVSRQIRX (YWX] SV SXLIV[MWI EHZIVWI GSRHMXMSRWJVIUYIRX QEMRXIRERGI

;EXIV ERH 0MXLMYQ &VSQMHI 7SPYXMSR 1EMRXIRERGI

9RMXW FYMPX XSHE] YWI GSVVSWMSR MRLMFMXSVW XS LIPT TVSXIGXJVSQ GSVVSWMZI EXXEGO ERH PMQMX XLI JSVQEXMSR SJ JVII L]HVSKIRRSRGSRHIRWEFPI KEW 1ERYJEGXYVIVW SJ PEVKI GETEGMX] [EXIV ERHFVSQMHI EFWSVTXMSR QEGLMRIW EPWS VIGSQQIRH YWI SJ E LIEX XVERXS MQTVSZI VIJVMKIVEXMSR GETEGMX] TEVXMGYPEVP] EX MRMXMEP WQEGLMRI IJJMGMIRG] ERH IRWYVI GSRXMRYIH GSQTSRIRX TVSXIGXMSRFVSQMHI WSPYXMSR QYWX FI EREP]ÎH TIVMSHMGEPP] XS HIXIVQMRI MJEHHMXMZI PIZIPW EVI [MXLMR EGGITXEFPI PMQMXW 7YKKIWXIH MRXIVSRGI TIV ]IEV JSV GSQJSVX GSSPMRK ETTPMGEXMSRW ERH X[MGI TIV ]IEGSRXMRYSYW SV GVMXMGEP WIVZMGI M I LIEXMRK ERH GSSPMRK[EXIV MW EPWS WYKKIWXIH

'SRWYPX XLI GLMPPIV QERYJEGXYVIV JSV WTIGMJMG EHHMXMZI ERH MRVIGSQQIRHEXMSRW VITPIRMWLQIRX WGLIHYPIW ERH VIPEXIH MRWXVY

4VIZIRXMZI 1EMRXIRERGI -RWTIGXMSRW JSV %FWSVTXMSR 'LMPPIVW

4VIZIRXMZI QEMRXIRERGI MW MQTSVXERX XS OIIT EFWSVTXMSR GLMPPISTXMQYQ IJJMGMIRG] %P[E]W GSRWYPX XLI QERYJEGXYVIV JSV WTIGMJQEMRXIRERGI VIGSQQIRHEXMSRW

%Y\MPMEV] )UYMTQIRX 1EMRXIRERGI

2S HMWGYWWMSR SJ XLI QEMRXIRERGI GSRWMHIVEXMSRW JSV EFWSVTXFI GSQTPIXI [MXLSYX EX PIEWX EGORS[PIHKMRK XLI MQTSVXERGI SJ [IPPEY\MPMEV] IUYMTQIRX 4VSTIV [EXIV XVIEXQIRX ERH GSRWGMIRXMSYWGSSPMRK XS[IVW TYQTW ERH [EXIV TMTMRK IRLERGI GLMPPIV TIVJSVPSRKIZMX] ERH GSRXVMFYXI XS XVSYFPI JVII STIVEXMSR SJ XLI GLMPP

%MV PIEOW EGGIPIVEXI MRLMFMXSV HITPIXMSR ERHGEYWI I\GIWWMZI L]HVSKIR TVSHYGXMSR7MRGI EFWSVTXMSR QEGLMRIW EVI YREFPI XSGSSP IJJIGXMZIP] [LIR XSS QYGL L]HVSKIR

MW JSVQIH QEGLMRI STIVEXMSR YRHIV XLIWIGSRHMXMSRW MW RSX VIGSQQIRHIH YRXMP XLIPIEO MW IPMQMREXIH

*SPPS[ XLI QERYJEGXYVIV W MRWXVYGXMSRW JSVMRWXEPPMRK STIVEXMRK ERH QEMRXEMRMRKEY\MPMEV] GLMPPIV TPERX IUYMTQIRX *SV QSVIKIRIVEP MRJSVQEXMSR SR XLMW XSTMG VIJIV XSXLI %7,6%) ,:%' 7]WXIQW ERH

)UYMTQIRX ,ERHFSSO 'LETXIVl'SSPMRK 8S[IVWz ERH XLI XL IHMXMSR SJXLI ,]HVEYPMG -RWXMXYXI 7XERHEVHW

GIRXVMJYKEP TYQTW




8LI EFWSVTXMSR YRMXW SJ XSHE] FIEV EPQSWX RS VIWIQFPERGI XS EFWSVGLMPPIVW GSRWXVYGXIH ]IEVW EKS 1MGVSIPIGXVSRMG GSRXVSP GETEFMPQEXIVMEP WIPIGXMSR LEZI IREFPIH QERYJEGXYVIVW XS IPMQMREXI QSWXTVSFPIQW XLEX LEH XVEHMXMSREPP] TPEKYIH EFWSVTXMSR GLMPPIVW 8LLEZI VIWYPXIH MR HIGVIEWIH QEMRXIRERGI ERH STIVEXMRK GSWXW ERHIJJMGMIRG] ERH STIVEXMRK JPI\MFMPMX]

+MZIR XLI YRGIVXEMRX] XLEX MWWYIW WYGL EW IPIGXVMG YXMPMX] HIVEFWSVTXMSR GLMPPIVW EPWS KMZI FYMPHMRK S[RIVW JPI\MFMPMX] MR JYGSRJMKYVEXMSR ERH W]WXIQ STIVEXMSR 8SHE] W EREP]WMW XSSPW QEGSQTEVMWSR SJ EFWSVTXMSR GLMPPIV EPXIVREXMZIW QYGL WMQTPIV ERH

XLI TEWX ;LIR GSQTEVIH [MXL EPP IPIGXVMG W]WXIQW W]WXIQ HIWMKRFYMPHMRK S[RIVW GER YWI EFWSVTXMSR GLMPPIV W]WXIQ EHZERXEKIW [EFWSVTXMSR GLMPPIVW EVI ETTPMIH F] XLIQWIPZIW SV EW TEVX SJ E L]FTVSZMHI GSQJSVX SV TVSGIWW GSSPMRK [MXL PS[IV STIVEXMRK GSWXW




EFWSVFIV 8LI VIKMSR SJ XLI GLMPPIV [LIVI VIJVMKIVERX ZETSV MW EFWXLI IZETSVEXSV 8LI GSRXMRYSYW EFWSVTXMSR ZME XLI PMXLMYQ FVEPPS[W XLI IZETSVEXSV XS GLMPP XLI W]WXIQ GLMPPIH [EXIV

EFWSVFIV IRXIVMRK [EXIV7II GSSPMRK [EXIV

EFWSVTXMSR VIJVMKIVEXMSR%FWSVTXMSR VIJVMKIVEXMSR QEOIW YWI SJ E LWSYVGI XS TVSHYGI GLMPPIH [EXIV JSV GSSPMRK ZME E XLIVQEP GLIQM-RWMHI XLI ZIWWIP EVI TVIWWYVI ERH XIQTIVEXYVI HMJJIVIRXMEPW [EFWSVFIH EX E PS[ TVIWWYVI ERH XLIR VINIGXIH EX E LMKLIV TVIWWXSRREKI GSQQIVGMEP IUYMTQIRX [EXIV MW YWIH EW XLI VIJVMKIVERJPYMH MR GSRNYRGXMSR [MXL ER EFWSVFIRX WSPYXMSR SJ XLI GLIQ

FVSQMHI &] GSRXVSPPMRK XLI XIQTIVEXYVIW ERH GSRGIRXVEXMSRW SFVSQMHI MX MW TSWWMFPI XS GSRXVSP XLI PIEZMRK GLMPPIH [EXIV

%6- %MV 'SRHMXMSRMRK ERH 6IJVMKIVEXMSR -RWXMXYXI

%7,6%) %QIVMGER 7SGMIX] SJ ,IEXMRK 6IJVMKIVEXMRK ERH %MV 'SR)RKMRIIVW

%71) %QIVMGER 7SGMIX] SJ 1IGLERMGEP )RKMRIIVW

&%'RIX¬ &YMPHMRK %YXSQEXMSR ERH 'SRXVSP 2IX[SVO ER STIR WXEGSQQYRMGEXMSR TVSXSGSP

'*' 7II GLPSVSJPYSVSGEVFSR

GLMPPIH [EXIV8LI GSPH [EXIV TVSHYGIH F] XLI GLMPPIV JPS[MRK XLVSYKFYRHPI MR XLI IZETSVEXSV ERH TYQTIH XS XLI EMV LERHPIV GSMPWFYMPHMRK ;MXLMR XLI IZETSVEXSV VIJVMKIVERX WYVVSYRHW XLI XEGGITXW LIEX JVSQ XLI VIXYVR GLMPPIH [EXIV%PWS ORS[R EW PIEZMRK GLMPPIH [ESV PIEZMRK IZETSVEXSV [EXIV

GLMPPIH [EXIV TYQT'MVGYPEXIW XLI GLMPPIH [EXIV XLVSYKL XLI IZETSVWIGXMSR SJ XLI EFWSVTXMSR GLMPPIV ERH XLIR XLVSYKL XLI FYMPHMMW E W]WXIQ TYQT

GLPSVSJPYSVSGEVFSR'SQTSYRHW GSRWMWXMRK SJ GEVFSR GLPSVMRI ERHSRGI [MHIP] YWIH EW EIVSWSP TVSTIPPERXW ERH VIJVMKIVERXW

GSRGIRXVEXIH WSPYXMSR+IRIVEPP] LEW E GSRGIRXVEXMSR SJ EFSYX PMFVSQMHI 8LMW WSPYXMSR GSQIW JVSQ XLI KIRIVEXSV ERH MW QM\IHWSPYXMSR XS JSVQ XLI MRXIVQIHMEXI WSPYXMSR

GSRGIRXVEXSV7II KIRIVEXSV

GSRHIRWIV 8LI VIKMSR SJ XLI GLMPPIV [LIVI VIJVMKIVERX ZETSV MW GPMUYMH WS XLEX XLI XIQTIVEXYVI ERH TVIWWYVI GER FI HIGVIEWIHIZETSVEXSV

GSSPMRK XS[IV [EXIV7II GSSPMRK [EXIV




GSSPMRK [EXIV ;EXIV SFXEMRIH JVSQ XLI WSYVGI XS[IV VMZIV TSRH ERJSVXL XS [LMGL LIEX MW VINIGXIH 8LI [EXIV JPS[W XLVSYKL XLI XYFIWXLVSYKL XLI EFWSVFIV ERH XLI GSRHIRWIV ERH MW VIXYVRIH XS XLI WSIPIGXVMGEPP] HVMZIR GLMPPIVW XLI GSSPMRK [EXIV TMGOW YT LIEX SRPGSRHIRWIV -R ER EFWSVTXMSR GLMPPIV XLI GSSPMRK [EXIV EPWS LEWJVSQ XLI EFWSVFIV 8LI [EXIV X]TMGEPP] JPS[W JVSQ XLI WSYVGI EX°* ? °'AJMVWX XS XLI EFWSVFIV ERH XLIR XS XLI GSRHIRWIV WIVMIW JPS[ %WXIQTIVEXYVIW EVI VIJIVVIH XS EW IRXIVMRK EFWSVFIV [EXIV XIQTIVEXYVIPIEZMRK XS[IV [EXIV XIQTIVEXYVI ERH PIEZMRK GSRHIRWIV [EXIV XIQTIVEXIRXIVMRK XS[IV [EXIV XIQTIVEXYVI%PWS ORS[R EW XS[IV [EXIV PIEZMRKGSSPMRK [EXIV PIEZMRK GSRHIRWIV [EXIV IRXIVMRK EFWSVFIV [EXIV EFGSRHIRWIV [EXIV IRXIVMRK GSSPMRK [EXIV SV GSSPMRK XS[IV [EXIV

GSSPMRK [EXIV TYQT 'MVGYPEXIW XLI GSSPMRK [EXIV JVSQ XLI WSYVGI XLVXLI EFWSVFIV XLI GSRHIRWIV ERH FEGO XS XLI WSYVGI 8LMW TYQT MWTYQT

'34 'SIJJMGMIRX SJ 4IVJSVQERGI GSSPMRK IJJIGX HMZMHIH F] LIEX MRTYHMQIRWMSRPIWW

GV]WXEPPMÊXMSR8LI TVSGIWW SJ E WEPX PIEZMRK E WSPYXMSR MR XLMWPMXLMYQ FVSQMHI ERH JSVQMRK GV]WXEPW

(*% (MVIGX JMVIH EFWSVTXMSR

HMPYXI WSPYXMSR+IRIVEPP] LEW E GSRGIRXVEXMSR SJ PMXLMYQ FVSQMHHMPYXI WSPYXMSR MW QSWX TVIZEPIRX MR XLI EFWSVFIV WIGXMSR SJ XEFWSVFIH XLI VIJVMKIVERX ZETSV JVSQ XLI IZETSVEXSV ERH [MPP FI TYQTKIRIVEXSV JSV VIGSRGIRXVEXMSR

HMVIGX JMVIH;LIR E LMKL XIQTIVEXYVI EFWSVTXMSR KIRIVEXSV MW JMVIHFYVRIV REXYVEP KEW 04 KEW SV 2S JYIP SMP 8LI QMRMQYQ KEWYWYEPP] SJ [EXIV ? O4EA % X]TMGEP IJJMGMIRG] JSV XLMW X]TI SJ

(3) 9 7 (ITEVXQIRX SJ )RIVK]

HSYFPI IJJIGX GLMPPIV% GLMPPIV [MXL ER IJJMGMIRG] SJ XS HITIR[LIXLIV MX MW HMVIGX JMVIH SV MRHMVIGX JMVIH (SYFPI IJJIGX QIERWKIRIVEXSVW PS[ XIQTIVEXYVI ERH LMKL XIQTIVEXYVI [MXL XLI LMKXIQTIVEXYVI KIRIVEXSV FIMRK JMVIH IMXLIV [MXL E KEW SMP FYVRIV MRGSRJMKYVEXMSR SV [MXL I\XIVREPP] WSYVGIH WXIEQ SV LSX [EXIV MR E

GSRJMKYVEXMSR 8LI YWI SJ E LMKLIV MRXIRWMX] IRIVK] WSYVGI MR EXIQTIVEXYVI KIRIVEXSV VIWYPXW MR LMKLIV YRMX IJJMGMIRGMIW [LIR GWMRKPI IJJIGX GLMPPIV 7SQIXMQIW GEPPIH X[S WXEKI GLMPPIV

IRXIVMRK GSSPMRK [EXIV7II GSSPMRK [EXIV

)4% 9 7 )RZMVSRQIRXEP 4VSXIGXMSR %KIRG]

IZETSVEXSV 8LI VIKMSR MR XLI GLMPPIV [LIVI XLI W]WXIQ GLMPPIH [EXIVGSRXMRYSYWP] GSSPIH F] JPEWLMRK XLI VIJVMKIVERX XS ZETSV MR E HIITTMGOW YT LIEX JVSQ XLI VIXYVRMRK W]WXIQ [EXIV




);8 )RXIVMRK [EXIV XIQTIVEXYVI

*+6 *PYI KEW VIGMVGYPEXMSR

JMVWX WXEKI KIRIVEXSV7II LMKL XIQTIVEXYVI KIRIVEXSV

KIRIVEXSV 8LI VIKMSR SJ XLI QEGLMRI [LIVI [EXIV MW WITEVEXIH JVSQPMXLMYQ FVSQMHI WSPYXMSR 7MRKPI IJJIGX GLMPPIVW LEZI KIRIVEIJJIGX GLMPPIVW LEZI KIRIVEXSVW E PS[ XIQTIVEXYVI ERH E LMKL8LI QSVI GSRGIRXVEXIH WSPYXMSR JPS[W FEGO XS FI HMPYXIH WSQI[LEWTVE]IH SZIV XLI XYFI FYRHPI GSSPMRK [EXIV MW VYRRMRK MRWMHIEFWSVFIV WIGXMSR 8LI VIJVMKIVERX ZETSV KIRIVEXIH QMKVEXIW MRXERH MW GSRHIRWIH [LIR MX GSQIW MR GSRXEGX [MXL XLI XYFI FYRHPGSSPMRK [EXIV -XW TVIWWYVI ERH XIQTIVEXYVI EVI VIHYGIH EW MXXLI IZETSVEXSV XLVSYKL ER I\TERWMSR HIZMGI%PWS ORS[R EW GSRGIRXVEXSV

+;4 +PSFEP [EVQMRK TSXIRXMEP

LIEX I\GLERKIV %R] HIZMGI JSV XVERWJIVVMRK LIEX JVSQ SRI JPYMH X7MRKPI IJJIGX YRMXW YWI PS[ XIQTIVEXYVI LIEX I\GLERKIV [LIVIMR LGSRGIRXVEXIH [EXIV ERH PMXLMYQ FVSQMHI WSPYXMSR VIXYVRMRK JVI\GLERKIW LIEX [MXL XLI GSSPIV HMPYXI WSPYXMSR KSMRK XS XLI KIREFWSVFIV 8LMW VIWYPXW MR XLI VIUYMVIH KIRIVEXSV MRTYX IRIVK]XLI EQSYRX SJ GSSPMRK XS[IV LIEX VINIGXMSR EPWS FIMRK VIHYGIHYRMXW YWI LIEX I\GLERKIVW SRI SJ [LMGL MW PS[ XIQTIVEXYVI ERLMKL XIQTIVEXYVI (SYFPI IJJIGX WXIEQ JMVIH MRHMVIGX YRMXW LEI\GLERKIV XLEX MW GEPPIH E GSRHIRWEXI LIEX I\GLERKIV

,,: ,MKLIV ,IEXMRK :EPYI XLI EQSYRX SJ LIEX MRGPYHMRK XLI PEX[EXIV ZETSVMÊXMSR I\XVEGXIH HYVMRK GSQFYWXMSR TIV YRMX QIEW

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

MRHMVIGX JMVIH;LIR E LMKL XIQTIVEXYVI KIRIVEXSV MW JMVIH [MXL WXI[EXIV JVSQ ER I\XIVREP WSYVGI -R HSYFPI IJJIGX YRMXW XLI MRPIX W[SYPH X]TMGEPP] FI TWMK ? O4EA [LMPI XLI LSX [EXIV XIQTIVEMRPIX [SYPH X]TMGEPP] FI * ? 'A -R WMRKPI IJJIGX YRMXW XTVIWWYVI [SYPH X]TMGEPP] FI XS TWMK ? XS O4EA [LMPXIQTIVEXYVI EX XLI MRPIX [SYPH X]TMGEPP] FI * ? 'A

MRXIVQIHMEXI WSPYXMSR+IRIVEPP] LEW E GSRGIRXVEXMSR SJ PMXLMYQ8LMW MW XLI WSPYXMSR XLEX MW WTVE]IH SZIV XLI EFWSVFIV XS HVEFWSVTXMSR TVSGIWW




MRXIVWXEKI8LI VIKMSR FIX[IIR XLI LMKL XIQTIVEXYVI KIRIVEXSV ERH XLI PXIQTIVEXYVI KIRIVEXSV ETTPMIW QEMRP] XS HSYFPI IJJIGX YRMXW

-8( -RMXMEP XIQTIVEXYVI HMJJIVIRGI

PIEZMRK GLMPPIH [EXIV7II GLMPPIH [EXIV

PIEZMRK GSRHIRWIV [EXIV7II GSSPMRK [EXIV

PIEZMRK GSSPMRK [EXIV7II GSSPMRK [EXIV

PIEZMRK IZETSVEXSV [EXIV7II GLMPPIH [EXIV

PIEZMRK [EXIV 7II GLMPPIH [EXIV

0,: 0S[IV ,IEXMRK :EPYI XLI EQSYRX SJ LIEX I\GPYHMRK XLI PEXIRX LIEX[EXIV ZETSVMÊXMSR I\XVEGXIH HYVMRK GSQFYWXMSR TIV YRMX QIEWYV

PMXLMYQ FVSQMHI% WEPX XLEX LEW E WXVSRK EXXVEGXMSR JSV [EXIV

PS[ JPS[ 'LMPPIH [EXIV SV GSSPMRK [EXIV JPS[ VEXIW PIWW XLER %6- WXEVEXIW

PS[ XIQTIVEXYVI KIRIVEXSV% KIRIVEXSV XLEX MW SRP] YWIH SR HSYFPI IJJYRMXW 8LI VIJVMKIVERX ZETSV JVSQ XLI LMKL XIQTIVEXYVI KIRIVEXSV JPXLI XYFI FYRHPI MR XLI KIRIVEXSV 8LI XYFI FYRHPI MW WYVVSYRHIH F]FVSQMHI WSPYXMSR ERH XLI LSX XYFIW GEYWI XLI WYVVSYRHMRK WSPYVIJVMKIVERX [EXIV GVIEXMRK QSVI ZETSV 8LMW ZETSV XLIR TEWWIWIPMQMREXSVW MRXS XLI GSRHIRWIV WIGXMSR%PWS ORS[R EW WIGSRH WXEKI KIRIVEXSV

0;8 0IEZMRK [EXIV XIQTIVEXYVI

QIGLERMGEP GSQTVIWWMSR VIJVMKIVEXMSR G]GPI8LI IPIGXVMGEPP] HVMZIR GLMPPIVQEOIW YWI SJ ER IPIGXVMG QSXSV HVMZMRK E GSQTVIWWSV XS TVSHYGIJSV GSSPMRK -X HSIW XLMW ZME E QIGLERMGEP TVSGIWW XLEX YWIW EVIJVMKIVERX JSV E [SVOMRK JPYMH -RWMHI XLI ZIWWIP EVI TVIWWYVI EHMJJIVIRXMEPW [LIVI LIEX MW EFWSVFIH EX E PS[ XIQTIVEXYVI ERH XLIR VLMKLIV XIQTIVEXYVI

3(4 3^SRI HITPIXMSR TSXIRXMEP

37,% 3GGYTEXMSREP 7EJIX] ERH ,IEPXL %HQMRMWXVEXMSR

TWME4SYRHW TIV WUYEVI MRGL EFWSPYXI TVIWWYVI QIEWYVIQIRX

VIJVMKIVERX(MWXMPPIH [EXIV YWIH EW XLI VIJVMKIVERX MRWMHI ER EFW6IJVMKIVERX MW JSYRH SRP] MR XLI GSRHIRWIV ERH IZETSVEXSV EW TYVI[EXIV -R EPP SXLIV VIKMSRW SJ XLI EFWSVTXMSR GLMPPIV XLI VIJVMKIVXLI PMXLMYQ FVSQMHI WSPYXMSR EX ZEV]MRK GSRGIRXVEXMSRW

VIJVMKIVERX TYQT%FWSVTXMSR GLMPPIVW YXMPMÎ TYQTW XS QSZI WSPYXPS[ TVIWWYVI WIGXMSRW XS XLI LMKL TVIWWYVI WIGXMSRW SJ XLI YRMJPYMH JSV WTVE] XVIIW 8LMW TYQT MW E GLMPPIV TYQT




VIJVMKIVERX ZETSV%FWSVTXMSR GLMPPIV VIJVMKIVERX [EXIV ZETSV MWXLI IZETSVEXSV [LIR XLI LSXXIV W]WXIQ [EXIV VIXYVRMRK JVSQ XLI FERH MRWMHI XLI IZETSVEXSV XYFI FYRHPI XVERWJIVW MXW LIEX XSHIIT ZEGYYQ 8LI VIJVMKIVERX PMUYMH JPEWLIW MRXS E ZETSV EW MJVSQ XLI WYVJEGI SJ XLI XYFIW

VIXYVR GLMPPIH [EXIV7II GLMPPIH [EXIV

69* 6IWSYVGI 9XMPMÊXMSR *EGXSV QIEWYVI EGGSYRXMRK JSV XLIMRIJJMGMIRGMIW SJ TVSHYGMRK ERH XVERWJIVVMRK IRIVK] XS XLI FYM

WIGSRH WXEKI KIRIVEXSV7II PS[ XIQTIVEXYVI KIRIVEXSV

WMRKPI IJJIGX GLMPPIV% GLMPPIV [MXL ER IJJMGMIRG] SJ YWMRK°* ? °'A [EXIV ERH [MXL SRP] KIRIVEXSV -R ETTPMGEXMSRW [LIV

WSYVGI SJ IRIVK] MW EZEMPEFPI [EWXI PS[ TVIWWYVI WXIEQ JSV MRIGSRSQMG TSXIRXMEP MW TVIWIRX%PWS ORS[R EW WMRKPI WXEKI GLMPPIV

WMRKPI WXEKI GLMPPIV7II WMRKPI IJJIGX GLMPPIV

WSPYXMSR6IJIVW XS E QM\XYVI SJ [EXIV ERH PMXLMYQ FVSQMHI 8LI GSJ XLMW WSPYXMSR ZEVMIW HITIRHMRK SR XLI PSGEXMSR SJ XLI WSPYERH EPWS SR XLI PSEH TSMRX

WSPYXMSR TYQT%FWSVTXMSR GLMPPIVW YWI TYQTW XS QSZI WSPYXMSRTVIWWYVI WIGXMSRW XS XLI LMKL TVIWWYVI WIGXMSRW SJ XLI YRMXJSV WTVE] XVIIW 8LMW TYQT MW E GLMPPIV TYQT

WTVE] XVII (IZMGI YWIH XS WTVE] VIJVMKIVERX MR XLI IZETSVEXSV SXLI EFWSVFIV SZIV E XYFI FYRHPI XS JEGMPMXEXI LIEX XVERWJIV

WXSMGLMSQIXVMG EMV8LI I\EGX UYERXMX] SJ EMV VIUYMVIH XS TVSZMHI NS\]KIR JSV GSQTPIXI GSQFYWXMSR %PWS ORS[R EW QE\MQYQ XLISVIXMGMHIEP EMV

W]WXIQ [EXIV 7II GLMPPIH [EXIV

XS[IV [EXIV 7II GSSPMRK [EXIV

X[S WXEKI GLMPPIV7II HSYFPI IJJIGX GLMPPIV




EEFWSVFIRX

7II EPWS PMXLMYQ FVSQMHI WSPYXMSREFWSVTXMSR VIJVMKIVEXMSR

EQQSRME ERH [EXIVHMVIGX JMVIH MRHMVIGX JMVIHQYPXMTPI IJJIGX QYPXMTPI WXEKISTIVEXMRK GLEVEGXIVMWXMGWTIVJSVQERGI GLEVEGXIVMWXMGW GSQQSRWMRKPI IJJIGX WMRKPI WXEKI[EXIV ERH PMXLMYQ FVSQMHI

EREP]WMWJPYI KEWTYQT SYXVIJVMKIVERXWSPYXMSRXSSPW7II EPWS GSQTYXIVMÎH EREP]WMW 7]WXIQ %REP]ÎV¬

%7,6%)*YRHEQIRXEPW ,ERHFSSO ,:%' 7]WXIQW ERH )UYMTQIRX ,ERHFSSO 6IJVMKIVEXMSR ,ERHFSSO

7XERHEVH %71)EYXSQEXMG XYFI GPIERMRKEY\MPMEV] IUYMTQIRX

F&EGLEVEGL OMX7II EREP]WMW JPYI KEW&%'RIX¬FYMPHMRK EYXSQEXMSR W]WXIQFYMPHMRK PSEH TVSJMPIFYVRIV

GSQFYWXMSR VIUYMVIQIRXW IJJMGMIRG]

PS[ 23 \

G'*'GLMPPIH [EXIV

TYQT 7II TYQTWVIWIX WXSVEKI7II XLIVQEP WXSVEKIXIQTIVEXYVI




GLMPPIVGLEVEGXIVMWXMGW IGSRSQMGWIRIVK] GSWXW ERH JYIP LIEX GSRXIRX ZEPYIW HITIRHIRG] FIX[IMRWYPEXMSRQEMRXIRERGI GSRXVEGX

7II EPWS QEMRXIRERGI GSRXVEGX TVMGMRKWTIGMEP ETTPMGEXMSRW7II WTIGMEP ETTPMGEXMSRW

GLMPPIVW QYPXMTPI'SIJJMGMIRX SJ 4IVJSVQERGI

IJJIGX SJ GSSPMRK [EXIV XIQTIVEXYVI SR

LIEX GSRXIRX ZEPYIW YWIH XS GEPGYPEXIX]TMGEP JYPP PSEH ZEPYIW

GSQFMREXMSR KEW ERH IPIGXVMG GLMPPIV TPERXWHIGSYTPIH EVVERKIQIRXW

GSQQSRHIGSYTPIH [MXL TVIJIVIRXMEP PSEHMRKWMHIWXVIEQ [MXL TVIJIVIRXMEP PSEHMRK

HIWMKR STXMQMÊXMSR IUYEP [EXIV EPPSGEXMSR TIV GLMPPIVTEVEPPIP EVVERKIQIRXWIVMIW EVVERKIQIRX YRIUYEP [EXIV EPPSGEXMSR TIV GLMPPIV

GSQFYWXMSR EMVI\GIWWMHIEP

7II EPWS WXSMGLMSQIXVMG EMVQE\MQYQ XLISVIXMGEP

7II EPWS WXSMGLMSQIXVMG EMVGSQFYWXMSR TVSGIWW GSQTYXIVMÎH EREP]WMW

WYKKIWXIH QMRMQYQ TVSKVEQ GETEFMPMXMIW YWIH JSV IGSRSQMG NYWXMJMGEXMSR 7II EPWS EREP]WMW XSSPW

GSRHIRWMRK QIXLSHEMV GSSPIH[EXIV GSSPIH

GSRXVSPWQEMRXIRERGI YWI SJW]WXIQ PIZIPYRMX PIZIP7II EPWS LIEXMRK GSSPMRK GLERKISZIV GLMPPIH [EXIV VIWIX

GSSPMRK XS[IVF]TEWWGSQFMREXMSR TPERXW-8( TIVJSVQERGI IWXMQEXMSR




QYPXMTPI GLMPPIVW ERHZEVMEFPI WTIIH JERW7II EPWS VITPEGMRK ER I\MWXMRK GLMPPIV PS[ JPS[ EFWSVTXMSR

GSSPMRK [EXIV EGGITXEFPI IRXIVMRK XIQTIVEXYVIWIJJIGXW SR IUYMTQIRX STIVEXMSRIUYEP [EXIV EPPSGEXMSR TIV GLMPPIVTYQT 7II TYQTWYRIUYEP [EXIV EPPSGEXMSR TIV GLMPPIV7II EPWS PS[ JPS[ EFWSVTXMSR W]WXIQW GSRXVSPW YRMX PIZIP

'34 7II 'SIJJMGMIRX SJ 4IVJSVQERGI

GSVVSWMSR MRLMFMXSVWGV]WXEPPMÊXMSR

HHEMP] STIVEXMRK PSKW(*% 7II EFWSVTXMSR VIJVMKIVEXMSR HMVIGX JMVIHHMWXMPPIH [EXIV(3) 7II GSQTYXIVMÎH EREP]WMW

IIPIGXVMGEP HIQERH GSWXWIRZMVSRQIRXEP MQTEGX )RZMVSRQIRXEP 4VSXIGXMSR %KIRG]

)4% 7II )RZMVSRQIRXEP 4VSXIGXMSR %KIRG]I\LEYWX KEW HYGX ERH JPYI WXEGO HIWMKR

J*+6 7II JPYI KEW VIGMVGYPEXMSRJPS[ VEXI VIHYGXMSR7II PS[ JPS[ EFWSVTXMSR W]WXIQWJPYI KEW VIGMVGYPEXMSRJPYI WXEGO HIWMKR7II I\LEYWX KEW HYGX ERH JPYI WXEGO HIWMKRJSYPMRKJYIP

GSQFYWXMSRGSRWYQTXMSRHYEPJPI\MFMPMX]JYVREGI ZSPYQI SJLIEX GSRXIRX SJXLISVIXMGEP ZSPYQI SJ7II EPWS6IWSYVGI 9XMPMÊXMSR *EGXSV 69*




KKPSFEP [EVQMRK TSXIRXMEPKVIIRLSYWI IJJIGX +;4 7II KPSFEP [EVQMRK TSXIRXMEP

L,E]W 3VWEX OMX7II EREP]WMW JPYI KEWLIEX

SJ GSQTVIWWMSRSJ HMPYXMSRSJ ZETSVMÊXMSRXVERWJIV

LIEX I\GLERKIVLIEXMRK ETTPMGEXMSRW

LIEXMRK SRP]WMQYPXERISYW LIEXMRK ERH GSSPMRK

LIEXMRK GSSPMRK GLERKISZIV,,: 7II LMKLIV LIEXMRK ZEPYILMKLIV LIEXMRK ZEPYIL]FVMH GLMPPIV TPERX7II GSQFMREXMSR KEW ERH IPIGXVMG GLMPPIV T

WXSVEKIL]HVSKIR IJJIGXW SR IUYMTQIRX STIVEXMSR

MMGI WXSVEKI

7II EPWS XLIVQEP WXSVEKIMRHSSV EMV UYEPMX]MRLMFMXSVW GSVVSWMSR7II GSVVSWMSR MRLMFMXSVWMRMXMEP XIQTIVEXYVI HMJJIVIRGIMRWYPEXMSR7II GLMPPIV MRWYPEXMSR-8( 7II MRMXMEP XIQTIVEXYVI HMJJIVIRGI

P0,: 7II PS[IV LIEXMRK ZEPYIPMUYMH XVETW PMXLMYQ FVSQMHI

PS[ EQFMIRX GSRHMXMSRWPS[IV LIEXMRK ZEPYIPS[ JPS[ EFWSVTXMSR W]WXIQW

STIVEXMRK GSWX VIHYGXMSRTYFPMWLIH EVXMGPI




QQEMRXIRERGI

GLMPPIV VIUYMVIQIRXWGSRXVEGX TVMGMRKGSWXWSJ EY\MPMEV] IUYMTQIRX SJ FYVRIVSJ GLMPPIVSJ TYVKI YRMXSJ WSPYXMSRSJ XYFIW TVIZIRXMZIVSYXMRI

QEVMRI [EXIV FS\IWQIGLERMGEP GSQTVIWWMSR VIJVMKIVEXMSRQIXIVMRK HIZMGIQIXLERI KEW

RREXYVEP KEWRMXVSKIR S\MHI GSQTSYRHW

7II EPWS 23 \ IQMWWMSRW2S JYIP SMPRSRGSRHIRWEFPIW

TYVKMRK SJ W]QTXSQW SJ

23 \ IQMWWMSRWJYIP 23 \TVSQTX 23\XLIVQEP 23\

S3(4 7II S^SRI HITPIXMSR TSXIRXMEPSTIR TVSTVMIXEV] TVSXSGSPSTIR WXERHEVH TVSXSGSPSTXMQM^MRK GLMPPIV TPERX STIVEXMSR

37,%SYXHSSV MRWXEPPEXMSRS^SRI HITPIXMSR TSXIRXMEP

TTMTMRK EVVERKIQIRXW

GSSPMRK XS[IV F]TEWWQSVI XLER GLMPPIVW MR WIVMIW7II EPWS GSQFMREXMSR KEW ERH IPIGXVMG GLMPPIV TPERXW




TVSTERITYQTWTYVKI

EYXSQEXMG

VVIJVMKIVERX

7II EPWSHMWXMPPIH [EXIVVIJVMKIVERX TYQT7II TYQTWVITPEGMRK ER I\MWXMRK GLMPPIV6IWSYVGI 9XMPMÊXMSR *EGXSV 69*

VMKKMRK XLI IUYMTQIRX69* 7II 6IWSYVGI 9XMPMÊXMSR *EGXSV 69*

WWIVZMGIEFMPMX]WMHIWXVIEQ ETTPMGEXMSRW7II GSQFMREXMSR KEW ERH IPIGXVMG GLMPP

HIGSYTPIH EVVERKIQIRXW WMHIWXVIEQ [MXL TVIJIVIRXMEPWSPYXMSR

IJJIGX SJ RSRGSRHIRWEFPIW SRMRXIVQIHMEXIWXVSRK GSRGIRXVEXIH[IEO HMPYXI

WSPYXMSR TYQT7II TYQTW

7SYVGI )RIVK] 'SRWYQTXMSR7II EPWS6IWSYVGI 9XMPMÊXMSR *EGXSV 69*

WTIGMEP ETTPMGEXMSRWKEW XYVFMRI MRPIX GSSPMRK LSX EMV LIEX I\GLERKIVW[EWXI LIEX WSYVGIW

WXSMGLMSQIXVMG EMV 7]WXIQ %REP]ÎV¬W]WXIQ HIWMKR EPXIVREXMZIW7II GSQFMREXMSR KEW ERH IPIGXVMG GLM

TMTMRK EVVERKIQIRXW LIEXMRK ETTPMGEXMSRW XLIVQEP

XXLIVQEP WXSVEKIXSSPW EREP]WMW7II EREP]WMW XSSPW86%') 8VERI %MV 'SRHMXMSRMRK )GSRSQMGW7II EREP]WMW XSSPW

Y Z [9 7 (ITEVXQIRX SJ )RIVK] ZEVMEFPI WTIIH HVMZIW7II GSSPMRK XS[IV ZEVMEFPI WTIIH JERW[EXIV XVIEXQIRX



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