1. A3 : 971405907971405912 971405913 971405914 9714059171

2. Delta 2 3. (Warrants) ( Call Warrants ) ( Put Warrants )3 4. ()()() ()()() ()() 4 5. () x () 5 6. 6 7. 7 8. A3 Black-Scholes () ()Delta8 9. A3/6.47/5.56% 2.69% - 42.22% 162.6442.34% / 46.57% 42.22% 120 -20,000DELTA0.0134 0GAMMA 0.0015 2012/10/25 VEGA 0.0229 2012/10/29 THETA-0.0024 172 Rho0.0000 0.180 1.430% 0.00092012/05/09 10. Black-Scholes10 11. ()11 12. ()12 13. Delta Delta13 14. 14 15. 15 2012/05/09Cmoney 16. A3 2012/10/2910%, 46.57% ,4983, 42.341% 20%,86.56%Delta, DELTA0.0134 3,3, 6.47 ,, 1:1 ,30.2316 17. 1. 2. (1) (2) 3. (1) (2) 4. 17 18. 1. 2. 3. (1) (2 (3) (4) (5) (6) 4. 18 19. 19