: ( 222cz)
White captures the nakade.

:
Black captures the ko in the upper left corner.

:
Black ignores White's previous move, and connects the ko, turning the upper left corner into a seki.

:
White continues with the Central Semeai.

:
Black plays the atari at the left as a kikashi.

:
White is forced to connect, losing one point of territory here.

Capturing the hanezeki's tail "early", instead, would be mistaken, as the borders of her territory in the upper right are still open.

:
The time has come to capture the hanezeki's tail.

White would not win the Central Semeai, if she occupied a liberty of Black's group at the right, and let Black connect the tail.

:
Black recaptures.

:
White starts with the endgame in the lower left corner.

:
White captures the ko at the top.

Please note that Black is unable to capture the central ko with and to connect it thereafter, due to some lack of liberties.
Therefore, White will connect both, with and .

Capture Variation:

Compared to the superordinate variation ...

• Black's cumulated gain in the upper left corner is 17 points.
• Black captured one White stone at the top, so gaining one point.
• Black destroyed one point of White's territory at the left edge.
• Black captures White's two stones in the lower left, so gaining four points.
• White's cumulated gain in the lower left corner is three points.
• White's cumulated gain in the upper right corner is nine points.
• Black's did not capture one White stone in the right centre, so losing two points.
• Black lost an additional two points of territory in the hanezeki area.

In total, White lost seven points.

White + 4 => Black + 3