AL Tech AL-32TVCM421PVR User manual

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ZĞĂĚĂůůŽĨƚŚĞŝŶƐƚƌƵĐƚŝŽŶƐďĞĨŽƌĞƵƐŝŶŐƚŚŝƐdsĂŶĚŬĞĞƉ
ƚŚŝƐŝŶƐƚƌƵĐƚŝŽŶŵĂŶƵĂůŝŶĂƐĂĨĞƉůĂĐĞĨŽƌĨƵƚƵƌĞƌĞĨĞƌĞŶĐĞ
s^dZd/&/ϯϮΗ/Ed
'Zd>>,ds
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OWHFK8(&
ǁǁǁƵĞĐĐŽŵĂƵ
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OWHFK8(&

EKd^
)RUDVVLVWDQFH VXSSRUW#XHFFRPDX ZZZXHFFRPDX
$OWHFK8(& 
dĂďůĞŽĨŽŶƚĞŶƚƐ
/ŵƉŽƌƚĂŶƚ^ĂĨĞƚLJ/ŶƐƚƌƵĐƚŝŽŶƐϰ /ŶƐƚĂůůĂƚŝŽŶϲ ŽŶŶĞĐƚŝŽŶƐϵ dsͲĂƐŝĐKƉĞƌĂƚŝŽŶϭϮ ZĞŵŽƚĞŽŶƚƌŽůϭϭ
K^DĞŶƵ
>dsDĂŝŶDĞŶƵϭϲ WŝĐƚƵƌĞDĞŶƵϭϲ ^ŽƵŶĚDĞŶƵϭϴ ŚĂŶŶĞůDĞŶƵϮϭ &ĞĂƚƵƌĞDĞŶƵϮϱ ^ĞƚƵƉDĞŶƵϯϯ W^ĞƚƵƉDĞŶƵϯϯ
DĞĚŝĂDĞŶƵ
DŽǀŝĞDĞŶƵϯϴ DƵƐŝĐDĞŶƵϯϳ WŚŽƚŽDĞŶƵϯϲ
WsZĂŶĚĞͲŽŽŬDĞŶƵϯϵ
s^dDĞŶƵ
s^dĞĐŽĚĞƌ&ĞĂƚƵƌĞƐĂŶĚDĞŶƵϰϱ
dƌŽƵďůĞƐŚŽŽƚŝŶŐϱϴ
WƌŽĚƵĐƚtĂƌƌĂŶƚLJϱϵ >ĞŐĂůDĂƚƚĞƌƐϲϭ ,ĞůƉĂŶĚ/ŶĨŽƌŵĂƚŝŽŶϲϯ
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OWHFK8(&
'ĞŶĞƌĂů
ĐĐĞƐƐŽƌŝĞƐϯ
ds&ƌŽŶƚĂŶĚZĞĂƌWĂŶĞůϴ
s^d^ĞƚhƉĂŶĚKƉĞƌĂƚŝŽŶϰϬ
s^dWsZ&ƵŶĐƚŝŽŶƐϱϮ
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WůĞĂƐĞŝŵŵĞĚŝĂƚĞůLJƉƵůůŽƵƚƚŚĞƉŽǁĞƌƉůƵŐŝĨƚŚĞƌĞŝƐĂŶ ĂďŶŽƌŵĂůƐŽƵŶĚŽƌƐŵĞůůŽƌƚŚĞ>dsŚĂƐƐŽƵŶĚďƵƚŶŽ ƉŝĐƚƵƌĞ/ŵŵĞĚŝĂƚĞůLJĐŽŶƚĂĐƚůƚĞĐŚhƚĞĐŚŶŝĐĂůƐƵƉƉŽƌƚ dŚĞ>dsƐŚŽƵůĚďĞŬĞƉƚĨƌĞĞĨƌŽŵƌĂŝŶĚĂŵƉĂŶĚĚƵƐƚƚŽ ƉƌĞǀĞŶƚĞůĞĐƚƌŝĐĂůƐŚŽĐŬĂŶĚƐŚŽƌƚĐŝƌĐƵŝƚƐ ŽŶŽƚĐŽǀĞƌƚŚĞǀĞŶƚŝůĂƚŝŽŶŽƉĞŶŝŶŐƐǁŝƚŚƚĂďůĞĐůŽƚŚĐƵƌƚĂŝŶƐ ŶĞǁƐƉĂƉĞƌƐĞƚĐ dŚĞ>dsƐŚŽƵůĚďĞŬĞƉƚĨƌŽŵŚŝŐŚƚĞŵƉĞƌĂƚƵƌĞŚĞĂƚŝŶŐ ŽďũĞĐƚƐŽƌĚŝƌĞĐƚƐƵŶůŝŐŚƚ/ƚƌĞƋƵŝƌĞƐŐŽŽĚǀĞŶƚŝůĂƚŝŽŶůůŽǁ
ϭϬĐŵďĞƚǁĞĞŶƚŚĞ>dsĂŶĚŽƚŚĞƌĂƉƉůŝĂŶĐĞƐŽƌďƵŝůƚͲŝŶ ĐĂďŝŶĞƚǁĂůůƐ
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Yh/<,>W ĞƐĐƌŝƉƚŝŽŶ /ŶĨŽƌŵĂƚŝŽŶ dsDŽĚĞ ŚĂŶŶĞů>ŽĐŬhŶůŽĐŬWĂƐƐǁŽƌĚ;ĚĞĨĂƵůƚͿ ϬϬϬϬ ŚŝůĚ>ŽĐŬWĂƐƐǁŽƌĚ;ĚĞĨĂƵůƚͿ ϬϬϬϬ ŚĂŶŐĞWŝŶŽĚĞ;ĚĞĨĂƵůƚͿ ϬϬϬϬ ŚĂŶŶĞůƵƚŽ^ĞĂƌĐŚWĂƐƐǁŽƌĚ ϬϬϬϬ ŚĂŶŶĞůŝŐŝƚĂůDĂŶƵĂů^ĞĂƌĐŚWĂƐƐǁŽƌĚ ϬϬϬϬ ĞůĞƚĞŚĂŶŶĞůWĂƐƐǁŽƌĚ ϬϬϬϬ ^ŽĨƚǁĂƌĞhƉŐƌĂĚĞWĂƐƐǁŽƌĚ ϬϬϬϬ
WĂƌĞŶƚĂůŽŶƚƌŽůW/EŚĂŶŶĞů>ŽĐŬW/E;ĚĞĨĂƵůƚͿϭϮϯϰ
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ŽŶŽƚƉůĂĐĞƚŚĞƉŽǁĞƌĐŽƌĚŽƌŽƚŚĞƌĐĂďůĞƐĂĐƌŽƐƐĂǁĂůŬǁĂLJ ƚŽƉƌĞǀĞŶƚŝƚĨƌŽŵďĞŝŶŐƚƌĂŵƉůĞĚŽŶŽŶŽƚŽǀĞƌůŽĂĚƚŚĞ ƉŽǁĞƌĐŽƌĚŽƌƉŽǁĞƌƐŽĐŬĞƚ ŽŶŽƚĚŝƐĂƐƐĞŵďůĞƚŚĞďĂĐŬĐŽǀĞƌĂƐŝƚĐŽŶƚĂŝŶƐŚŝŐŚǀŽůƚĂŐĞƐ ŝŶƐŝĚĞĂŶĚǁŝůůĐĂƵƐĞĞůĞĐƚƌŝĐƐŚŽĐŬ/ŶƚĞƌŶĂůĂĚũƵƐƚŵĞŶƚƐĂŶĚ ĐŚĞĐŬƐƐŚŽƵůĚŽŶůLJďĞĐŽŶĚƵĐƚĞĚďLJĂƋƵĂůŝĨŝĞĚƉƌŽĨĞƐƐŝŽŶĂů ŽŶŽƚƉůĂĐĞŶĂŬĞĚĨůĂŵĞƐŽƵƌĐĞƐƐƵĐŚĂƐůŝƚĐĂŶĚůĞƐŽŶŽƌŶĞĂƌƚŚĞ >ds WůĞĂƐĞƉƵůůŽƵƚƚŚĞƉŽǁĞƌƉůƵŐĂŶĚĐŽŶƚĂĐƚůƚĞĐŚhƚĞĐŚŶŝĐĂů ƐƵƉƉŽƌƚŝĨƚŚĞƌĞĂƌĞĨŽƌĞŝŐŶŽďũĞĐƚƐŽƌǁĂƚĞƌŝŶƐŝĚĞƚŚĞds WƵůůŽƵƚƚŚĞƉŽǁĞƌĐŽƌĚĂŶĚĂŶƚĞŶŶĂĐĂďůĞĚƵƌŝŶŐĞůĞĐƚƌŝĐĂů ƐƚŽƌŵƐƚŽƉƌĞǀĞŶƚĚĂŵĂŐĞƚŽƚŚĞ>dsďLJĞůĞĐƚƌŝĐƐƵƌŐĞƐ <ĞĞƉĂůůƉĞŽƉůĞĂǁĂLJĨƌŽŵƚŚĞĂŶƚĞŶŶĂĐĂďůĞĚƵƌŝŶŐĞůĞĐƚƌŝĐĂů ƐƚŽƌŵƐ
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ŝŐŝƚĂůdsĨƌŽŵ^ĂƚĞůůŝƚĞ DĂŶƵĨĂĐƚƵƌĞƌ;ůƚĞĐŚhͿ /ŶĨŽƌŵĂƚŝŽŶŽŶs^d
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ĐŽŶƚĂĐƚŝŶŐƚŚĞĐĂůůĐĞŶƚƌĞ
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dŚĂŶŬLJŽƵĨŽƌLJŽƵƌƉƵƌĐŚĂƐĞŽĨƚŚŝƐƉƌŽĚƵĐƚWůĞĂƐĞƌĞĂĚƚŚŝƐŵĂŶƵĂůĐĂƌĞĨƵůůLJĂŶĚŬĞĞƉŝƚƐĂĨĞĨŽƌƌĞĨĞƌĞŶĐĞ WůĞĂƐĞƵƐĞƚŚĞƉŽǁĞƌĐŽƌĚĚĞƐŝŐŶĂƚĞĚĨŽƌƚŚŝƐƉƌŽĚƵĐƚtŚĞŶĂŶĞdžƚĞŶƐŝŽŶĐŽƌĚŝƐƌĞƋƵŝƌĞĚƵƐĞŽŶĞǁŝƚŚ ƚŚĞĐŽƌƌĞĐƚƉŽǁĞƌƌĂƚŝŶŐdŚĞĐŽƌĚŵƵƐƚďĞŐƌŽƵŶĚĞĚdŚĞƉƌŽĚƵĐƚƐŚŽƵůĚďĞŝŶƐƚĂůůĞĚŽŶĂĨůĂƚƐƵƌĨĂĐĞƚŽ ĂǀŽŝĚƚŝƉƉŝŶŐ^ƉĂĐĞƐŚŽƵůĚďĞŵĂŝŶƚĂŝŶĞĚďĞƚǁĞĞŶƚŚĞďĂĐŬŽĨƚŚĞƉƌŽĚƵĐƚĂŶĚƚŚĞǁĂůůĨŽƌƉƌŽƉĞƌ ǀĞŶƚŝůĂƚŝŽŶ/ĨLJŽƵǁŽƵůĚůŝŬĞƚŽŵŽƵŶƚƚŚĞdsƚŽƚŚĞǁĂůůƉůĞĂƐĞƐĞĞWƌĞƉĂƌŝŶŐƚŚĞ>dsĨŽƌtĂůů DŽƵŶƚŝŶŐďĞůŽǁĨŽƌĂĚĚŝƚŝŽŶĂůŝŶĨŽƌŵĂƚŝŽŶǀŽŝĚŝŶƐƚĂůůŝŶŐƚŚĞƉƌŽĚƵĐƚŝŶƚŚĞŬŝƚĐŚĞŶďĂƚŚƌŽŽŵŽƌŽƚŚĞƌ ƉůĂĐĞƐǁŝƚŚŚŝŐŚŚƵŵŝĚŝƚLJ WƌĞƉĂƌŝŶŐzŽƵƌ>ds&ŽƌtĂůůDŽƵŶƚŝŶŐ dŚĞ>dsĐĂŶĞŝƚŚĞƌďĞŬĞƉƚŽŶƚŚĞƐƚĂŶĚŽƌŵŽƵŶƚĞĚƚŽƚŚĞǁĂůůĨŽƌǀŝĞǁŝŶŐ/ĨLJŽƵĐŚŽŽƐĞƚŽŵŽƵŶƚƚŚĞ
>dsƚŽƚŚĞǁĂůůƉůĞĂƐĞĨŽůůŽǁƚŚĞŝŶƐƚƌƵĐƚŝŽŶƐďĞůŽǁ
xhŶƉůƵŐĂůůƚŚĞĐĂďůĞƐĂŶĚĐŽƌĚƐĨƌŽŵLJŽƵƌ>ds xWůĂĐĞƚŚĞ>dsĨĂĐĞĚŽǁŶŽŶĂƐŽĨƚĂŶĚĨůĂƚƐƵƌĨĂĐĞ;ďůĂŶŬĞƚĨŽĂŵĐůŽƚŚĞƚĐͿƚŽƉƌĞǀĞŶƚĂŶLJ
ĚĂŵĂŐĞƚŽƚŚĞĚŝƐƉůĂLJ
xZĞŵŽǀĞƚŚĞƐƚĂŶĚƐĐƌĞǁƐƚŽƌĞŵŽǀĞƚŚĞƐƚĂŶĚ xdŚĞŵŽƵŶƚŝŶŐďƌĂĐŬĞƚŝƐŵĂĚĞƵƉŽĨƚǁŽƉĂƌƚƐʹƚŚĞǁĂůůďƌĂĐŬĞƚĂŶĚƚŚĞdsďƌĂĐŬĞƚƚƚĂĐŚƚŚĞds
ďƌĂĐŬĞƚƚŽƚŚĞdsǀŝĂƚŚĞƐĐƌĞǁƐŝŶĐůƵĚĞĚǁŝƚŚLJŽƵƌǁĂůůŵŽƵŶƚŬŝƚ;WůĞĂƐĞĐŚĞĐŬƚŚĞŝŶƐƚƌƵĐƚŝŽŶ ŵĂŶƵĂůŽĨƚŚĞǁĂůůŵŽƵŶƚĨŽƌĨƵƌƚŚĞƌŝŶĨŽƌŵĂƚŝŽŶͿ
xƚƚĂĐŚƚŚĞǁĂůůďƌĂĐŬĞƚƚŽƚŚĞǁĂůůǁŝƚŚƚŚĞĂƉƉƌŽƉƌŝĂƚĞƐĐƌĞǁƐŶƐƵƌĞƚŚĞǁĂůůŝƐƐƵŝƚĂďůĞƚŽŚŽůĚƚŚĞ
ǁĞŝŐŚƚŽĨƚŚĞds;WůĞĂƐĞĐŚĞĐŬƚŚĞŝŶƐƚƌƵĐƚŝŽŶŵĂŶƵĂůŽĨƚŚĞǁĂůůŵŽƵŶƚĨŽƌĨƵƌƚŚĞƌŝŶĨŽƌŵĂƚŝŽŶͿ
x^ůŝĚĞƚŚĞdsďƌĂĐŬĞƚŝŶƚŽƚŚĞǁĂůůďƌĂĐŬĞƚ xŶƐƵƌĞƚŚĞǁĂůůŵŽƵŶƚŝƐƐĞĐƵƌĞĚ
/ŶƐƚĂůůĂƚŝŽŶ
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OWHFK8(& 
/DWKZdEddsƐŚŽƵůĚŽŶůLJďĞǁĂůůŵŽƵŶƚĞĚďLJĂƉƌŽĨĞƐƐŝŽŶĂůŝŶƐƚĂůůĞƌ

/ŵƉŽƌƚĂŶƚEŽƚĞƐ Z^d>ŝŬĞĂŶLJƉƌŽĚƵĐƚĐŽŶƚƌŽůůĞĚďLJŵŝĐƌŽƉƌŽĐĞƐƐŽƌƐƚŚŝƐdsŵĂLJŚĂŶŐŽƌďĞĐŽŵĞƵŶƌĞƐƉŽŶƐŝǀĞ/ŶƚŚĞ
ƵŶůŝŬĞůLJĞǀĞŶƚƚŚĂƚƚŚŝƐŽĐĐƵƌƐƐŝŵƉůLJĚŝƐĐŽŶŶĞĐƚƚŚĞƉŽǁĞƌĂŶĚƌĞĐŽŶŶĞĐƚĂĨƚĞƌϭϬƐĞĐŽŶĚƐ
ZDKddŽƉƌĞǀĞŶƚůĞĂŬĂŐĞƚŚĂƚŵĂLJƌĞƐƵůƚŝŶďŽĚŝůLJŚĂƌŵŽƌĚĂŵĂŐĞƚŚĞƌĞŵŽƚĞ
ϭ /ŶƐƚĂůůďĂƚƚĞƌŝĞƐĐŽƌƌĞĐƚůLJĂŶĚŵĂŬĞƐƵƌĞƚŚĂƚƚŚĞƉŽůĂƌŝƚŝĞƐĂƌĞĐŽƌƌĞĐƚůLJĂůŝŐŶĞĚǁŝƚŚƚŚĞďĂƚƚĞƌLJ
ĐŽŵƉĂƌƚŵĞŶƚŵĂƌŬŝŶŐƐ
Ϯ ŽŶŽƚŵŝdžďĂƚƚĞƌŝĞƐ;KůĚĂŶĚEĞǁŽƌĂƌďŽŶĂŶĚůŬĂůŝŶĞĞƚĐͿ ϯ ZĞŵŽǀĞƚŚĞďĂƚƚĞƌŝĞƐǁŚĞŶƚŚĞƌĞŵŽƚĞŝƐŶŽƚƵƐĞĚĨŽƌĂůŽŶŐƚŝŵĞ
DLJŵƵƐŝĐŵŽǀŝĞŽƌŝŵĂŐĞĨŝůĞƐĚŽŶŽƚƉůĂLJ ƵĞƚŽƚŚĞůĂƌŐĞǀĂƌŝĂƚŝŽŶŽĨĨŝůĞƐŝnjĞƐĐŽŵƉƌĞƐƐŝŽŶĨŽƌŵĂƚƐĂŶĚĐŽĚĞĐĂǀĂŝůĂďůĞƉůĂLJďĂĐŬŽĨĂůůĨŝůĞƐĐĂŶŶŽƚ ďĞŐƵĂƌĂŶƚĞĞĚ
/ĐĂŶŶŽƚƌĞĐŽƌĚŽŶƚŽŵLJh^ĨůĂƐŚĚƌŝǀĞ;ĨŽƌdsͿ &dϯϮĨŽƌŵĂƚƚĞĚĨůĂƐŚĚƌŝǀĞŝƐƌĞƋƵŝƌĞĚ dŝŵĞƐŚŝĨƚĨƵŶĐƚŝŽŶĂůŝƚLJĚŽĞƐŶŽƚǁŽƌŬ;ĨŽƌdsͿ &dϯϮĨŽƌŵĂƚƚĞĚĨůĂƐŚĚƌŝǀĞŝƐƌĞƋƵŝƌĞĚ
tĂƌŶŝŶŐ^ĐƌĞĞŶƵƌŶŝŶ dŽƉƌĞǀĞŶƚƚŚĞƐĐƌĞĞŶĨƌŽŵďƵƌŶŝŶĚŽŶŽƚůĞĂǀĞƐƚĂƚŝĐŝŵĂŐĞƐŝŶĐůƵĚŝŶŐŵĞŶƵƐĐƌĞĞŶƐĚŝƐƉůĂLJĞĚĨŽƌĂůŽŶŐ ƉĞƌŝŽĚŽĨƚŝŵĞ^ĐƌĞĞŶďƵƌŶŝŶŝƐŶŽƚĐŽǀĞƌĞĚďLJƚŚĞŵĂŶƵĨĂĐƚƵƌĞƌƐǁĂƌƌĂŶƚLJ ddEd/KE ŽŶŽƚƚƌLJƚŽƵƉĚĂƚĞƚŚĞdsƵŶůĞƐƐĚŝƌĞĐƚĞĚďLJĂƋƵĂůŝĨŝĞĚƐĞƌǀŝĐĞƚĞĐŚŶŝĐŝĂŶDŝƐĐŽŶĨŝŐƵƌĞĚƉƌŽĚƵĐƚĚƵĞƚŽ
ĂŶŝŶĐŽƌƌĞĐƚƵŶĂƵƚŚŽƌŝƐĞĚƐŽĨƚǁĂƌĞƵƉĚĂƚĞŝƐŶŽƚĐŽǀĞƌĞĚďLJƚŚĞŵĂŶƵĨĂĐƚƵƌĞƌƐǁĂƌƌĂŶƚLJ
)RUDVVLVWDQFH VXSSRUW#XHFFRPDX ZZZXHFFRPDX
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OWHFK8(& 
sŝƐĂƌĞŐŝƐƚĞƌĞĚƚƌĂĚĞŵĂƌŬŽĨƚŚĞsWƌŽũĞĐƚ /ŶƚĞůůĞĐƚƵĂůWƌŽƉĞƌƚLJ dŚĞǁŚŽůĞŽĨƚŚĞ>ͲϯϮdsDϰϮϭWsZs^dĞƌƚŝĨŝĞĚϯϮΗ/ŶƚĞŐƌĂƚĞĚ>>,dshƐĞƌ DĂŶƵĂůŝŶĐůƵĚŝŶŐƚŚĞŐƌĂƉŚŝĐƐŵĞŶƵƐĂŶĚŝŶĨŽƌŵĂƚŝŽŶĐŽŶƚĂŝŶĞĚŚĞƌĞŝŶĂƌĞƚŚĞƐƵďũĞĐƚŽĨ ŝŶƚĞůůĞĐƚƵĂůƉƌŽƉĞƌƚLJƌŝŐŚƚƐŝŶĐůƵĚŝŶŐĐŽƉLJƌŝŐŚƚƵŶĚĞƌĚŽŵĞƐƚŝĐůĂǁĂŶĚŝŶƚĞƌŶĂƚŝŽŶĂů ĐŽŶǀĞŶƚŝŽŶƐůůƌŝŐŚƚƐĂƌĞƌĞƐĞƌǀĞĚ ůůŝŶƚĞůůĞĐƚƵĂůƉƌŽƉĞƌƚLJƌŝŐŚƚƐŽĨƚŚŝƐƉƌŽĚƵĐƚĂƌĞŽǁŶĞĚďLJůƚĞĐŚh
,ĂĐŬŝŶŐŽĨƚŚĞĐŽŶĚŝƚŝŽŶĂůĂĐĐĞƐƐƐLJƐƚĞŵŽƌĨĂĐŝůŝƚĂƚŝŶŐĂŶLJŽŶĞĞůƐĞĚŽŝŶŐƐŽŝƐ^dZ/d>zWZK,//d &ĂŝůƵƌĞƚŽĂĚŚĞƌĞƚŽƚŚŝƐƉƌŽŚŝďŝƚŝŽŶŝƐĂĐƌŝŵŝŶĂůŽĨĨĞŶĐĞ ^ŽŵĞĐŽŵƉŽŶĞŶƚƐĂƌĞůŝĐĞŶƐĞĚƵŶĚĞƌ'W>ĂŶĚ>'W>ůŝĐĞŶƐĞƐ&ŽƌĨƵƌƚŚĞƌŝŶĨŽƌŵĂƚŝŽŶƌĞŐĂƌĚŝŶŐƚŚĞ
ůŝĐĞŶƐĞƐĂŶĚǁŚŝĐŚĐŽŵƉŽŶĞŶƚƐĂƌĞůŝĐĞŶƐĞĚƵŶĚĞƌƚŚĞƐĞůŝĐĞŶƐĞƐƉůĞĂƐĞǀŝƐŝƚŚƚƚƉǁǁǁƵĞĐĐŽŵĂƵ
dŚĞƐŽƵƌĐĞĐŽĚĞĨŽƌƚŚĞƐĞĐŽŵƉŽŶĞŶƚƐĐĂŶďĞŽďƚĂŝŶĞĚďLJǁƌŝƚƚĞŶƌĞƋƵĞƐƚƚŽ dŚĞdĞĐŚŶŝĐĂů^ƵƉƉŽƌƚdĞĂŵ
ůƚĞĐŚh;WdzͿ>d Ϯϳ^ŝƌŝƵƐZŽĂĚ>ĂŶĞŽǀĞtĞƐƚE^tϮϬϲϲ нϲϭϮϵϰϮϱϱϳϳϳ
WůĞĂƐĞŶŽƚĞƚŚĂƚƚŚĞƌĞŝƐĂĨĞĞĂƐƐŽĐŝĂƚĞĚǁŝƚŚƚŚĞǁƌŝƚƚĞŶƌĞƋƵĞƐƚƚŽĐŽǀĞƌƐŚŝƉƉŝŶŐŚĂŶĚůŝŶŐ ƉƌŽĐĞƐƐŝŶŐĂŶĚƚŚĞĐŽƐƚŽĨŵĞĚŝĂůƚĞĐŚhƌĞƐĞƌǀĞƐƚŚĞƌŝŐŚƚƚŽĞdžĐůƵĚĞŽƌŝŶĐůƵĚĞ'W>>'W>
ĐŽŵƉŽŶĞŶƚƐĨƌŽŵŝƚƐƉƌŽĚƵĐƚƐĂƐŝƚƐĞĞƐĨŝƚ
,D/ƚŚĞ,D/>ŽŐŽĂŶĚ,ŝŐŚͲĞĨŝŶŝƚŝŽŶDƵůƚŝŵĞĚŝĂ/ŶƚĞƌĨĂĐĞĂƌĞƚƌĂĚĞŵĂƌŬƐŽƌƌĞŐŝƐƚĞƌĞĚƚƌĂĚĞŵĂƌŬƐŽĨ ,D/>ŝĐĞŶƐŝŶŐ>>ŝŶƚŚĞhŶŝƚĞĚ^ƚĂƚĞƐĂŶĚŽƚŚĞƌĐŽƵŶƚƌŝĞƐ
K^K>^E/^>/DZ
ŝŐŝƚĂů^ĂƚĞůůŝƚĞdĞĐŚŶŽůŽŐLJŝƐƌĂƉŝĚůLJĞǀŽůǀŝŶŐƐĂƌĞƐƵůƚŽĨƚŚŝƐŝƚŝƐŶŽƚƉŽƐƐŝďůĞƚŽƉƌĞĚŝĐƚǁŚĂƚƚŚĞ
ƌĞƋƵŝƌĞŵĞŶƚƐǁŝůůďĞŝŶĂĨĞǁLJĞĂƌƐƚŝŵĞdŚĞŵĂŶƵĨĂĐƚƵƌĞƌĐĂŶŶŽƚŐƵĂƌĂŶƚĞĞƚŚĂƚƚŚŝƐƉƌŽĚƵĐƚǁŝůůďĞ ĂďůĞƚŽƌƵŶĂůůĂǀĂŝůĂďůĞƐĞƌǀŝĐĞƐŝŶĨƵƚƵƌĞ
)RUDVVLVWDQFH VXSSRUW#XHFFRPDX ZZZXHFFRPDX
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OWHFK8(& 

>'>DddZ^
/ŵƉŽƌƚĂŶƚEKd/ƚŽĂůůƉƵƌĐŚĂƐĞƌƐŽĨĂ>ͲϯϮdsDϰϮϭWsZs^dĞƌƚŝĨŝĞĚϯϮΗ/ŶƚĞŐƌĂƚĞĚ
>>,ds
/ŶƚƌŽĚƵĐƚŝŽŶ
dŚĞ>ͲϯϮdsDϰϮϭWsZs^dĞƌƚŝĨŝĞĚϯϮΗ/ŶƚĞŐƌĂƚĞĚ>>,dsŝƐĚĞƐŝŐŶĞĚŵĂŶƵĨĂĐƚƵƌĞĚĂŶĚ ƐŽůĚƚŽƌĞĐĞŝǀĞdsĂŶĚƐĞůĞĐƚĞĚŶĞƚǁŽƌŬs^dƐĞƌǀŝĐĞƐŽŶůLJ s^dǁŝůůŶŽƚďĞĨƵůůLJĨƵŶĐƚŝŽŶĂůƵŶůĞƐƐŝƚŝƐƵƐĞĚǁŝƚŚƚŚĞŶĞƚǁŽƌŬŽƉĞƌĂƚŽƌƐĞŶĂďůĞĚ^ŵĂƌƚĐĂƌĚ ƐƵƉƉůŝĞĚǁŝƚŚƚŚŝƐƉƌŽĚƵĐƚĚĞƉůŽLJĞĚǁŝƚŚŝŶƚŚĞƵƐƚƌĂůŝĂŶďƌŽĂĚĐĂƐƚĨŽŽƚƉƌŝŶƚĂŶĚŝŶƐƚĂůůĞĚƐŽĂƐƚŽ ƌĞĐĞŝǀĞƚŚĞdsĂŶĚs^dŶĞƚǁŽƌŬƐƉĞĐŝĨŝĐƐŝŐŶĂů
dŚĞŶĞƚǁŽƌŬŽƉĞƌĂƚŽƌŝƐĞŶƚŝƚůĞĚƚŽĂŵĞŶĚƚŚĞƐŽĨƚǁĂƌĞŝŶĐŽƌƉŽƌĂƚĞĚŝŶƚŚŝƐƉƌŽĚƵĐƚĨƌŽŵƚŝŵĞ ƚŽƚŝŵĞďLJŵĞĂŶƐŽĨƐŽĨƚǁĂƌĞĚŽǁŶůŽĂĚƐĨŽƌĂŶƵŵďĞƌŽĨƌĞĂƐŽŶƐǁŚŝĐŚŝŶĐůƵĚĞƚŚĞƉƌĞǀĞŶƚŝŽŶ ŽĨƚŚŝƐƉƌŽĚƵĐƚĨƌŽŵďĞŝŶŐƵƐĞĚƚŽƌĞĐĞŝǀĞƐĞƌǀŝĐĞƐŽƚŚĞƌƚŚĂŶƚŚĞŶĞƚǁŽƌŬŽƉĞƌĂƚŽƌƐĞƌǀŝĐĞƐ /z/ŶƐƚĂůůĂƚŝŽŶƐŝƐĐůĂŝŵĞƌ ƵĞƚŽƚŚĞŵĂŶLJƉŽƚĞŶƚŝĂůĐŽŶĨŝŐƵƌĂƚŝŽŶƐŝŶĞĂĐŚŚŽŵĞĂŶĚƚŚĞǀĂƌŝĞƚLJŽĨĞƋƵŝƉŵĞŶƚĂǀĂŝůĂďůĞŝƚŝƐŶŽƚ ƉŽƐƐŝďůĞƚŽĐŽǀĞƌĞǀĞƌLJƉŽƚĞŶƚŝĂůŝŶƐƚĂůůĂƚŝŽŶƐĐĞŶĂƌŝŽŝŶƚŚŝƐsŝĞǁĞƌƐ'ƵŝĚĞŶĐĐƌĞĚŝƚĞĚ/ŶƐƚĂůůĞƌ ŽƌƚŚĞƐƵƉƉůŝĞƌŵĂŶƵĨĂĐƚƵƌĞƌŽĨƚŚĞƐƉĞĐŝĨŝĐĞƋƵŝƉŵĞŶƚƐŚŽƵůĚďĞĐŽŶƐƵůƚĞĚŝĨĂŶLJĚŽƵďƚĞdžŝƐƚƐǁŚĞŶ ĚŽŝŶŐĂŶŝŶƐƚĂůůĂƚŝŽŶ ZKs/ dŚŝƐƉƌŽĚƵĐƚŝŶĐŽƌƉŽƌĂƚĞƐĐŽƉLJƌŝŐŚƚƉƌŽƚĞĐƚŝŽŶƚĞĐŚŶŽůŽŐLJƚŚĂƚŝƐƉƌŽƚĞĐƚĞĚďLJh^ƉĂƚĞŶƚƐĂŶĚŽƚŚĞƌ ŝŶƚĞůůĞĐƚƵĂůƉƌŽƉĞƌƚLJƌŝŐŚƚƐhƐĞŽĨƚŚŝƐĐŽƉLJƌŝŐŚƚƉƌŽƚĞĐƚŝŽŶƚĞĐŚŶŽůŽŐLJŵƵƐƚďĞĂƵƚŚŽƌŝƐĞĚďLJZKs/ ŽƌƉŽƌĂƚŝŽŶĂŶĚŝƐŝŶƚĞŶĚĞĚĨŽƌŚŽŵĞĂŶĚŽƚŚĞƌůŝŵŝƚĞĚǀŝĞǁŝŶŐƵƐĞƐŽŶůLJƵŶůĞƐƐŽƚŚĞƌǁŝƐĞĂƵƚŚŽƌŝƐĞĚ ďLJZKs/ZĞǀĞƌƐĞĞŶŐŝŶĞĞƌŝŶŐŽƌĚŝƐĂƐƐĞŵďůLJŝƐƉƌŽŚŝďŝƚĞĚ
ůƚĞĐŚhĂŶĚƚŚĞŝƌůŽŐŽĂƌĞƚƌĂĚĞŵĂƌŬƐĂŶĚŽƌƌĞŐŝƐƚĞƌĞĚƚƌĂĚĞŵĂƌŬƐŽĨůƚĞĐŚh
DĂŶƵĨĂĐƚƵƌĞĚƵŶĚĞƌůŝĐĞŶƐĞĨƌŽŵŽůďLJ>ĂďŽƌĂƚŽƌŝĞƐŽůďLJĂŶĚƚŚĞĚŽƵďůĞͲƐLJŵďŽůĂƌĞ ƚƌĂĚĞŵĂƌŬƐŽĨŽůďLJ>ĂďŽƌĂƚŽƌŝĞƐ
)RUDVVLVWDQFH VXSSRUW#XHFFRPDX ZZZXHFFRPDX
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OWHFK8(& 
ds&ZKEdEZZWE>
^/KEEd/KE
WE>&KZds
^/KEEd/KE
WE>&KZs^d
KddKDKEEd/KE
WE>
hddKE&hEd/KE^
&ZKEdWE>>
/E/
dKZ
)RUDVVLVWDQFH VXSSRUW#XHFFRPDX ZZZXHFFRPDX
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OWHFK8(& 

KEEd/KE^
ŽƚƚŽŵŽŶŶĞĐƚŝŽŶWĂŶĞů ^ŝĚĞŽŶŶĞĐƚŝŽŶWĂŶĞůĨŽƌds
^ŝĚĞŽŶŶĞĐƚŝŽŶWĂŶĞůĨŽƌs^d
WŽǁĞƌ
ŽŶŶĞĐƚƚŚĞƉŽǁĞƌƚŽƚŚĞŵĂŝŶƐ
,D/ϭ,D/Ϯ ŽŶŶĞĐƚƚŚĞ,D/ŽƵƚƉƵƚŽĨĂŶĂĐĐĞƐƐŽƌLJĚĞǀŝĐĞƚŽƚŚĞ,D/ŝŶƉƵƚŽŶƚŚĞds^ĞůĞĐƚƚŚĞĂƉƉƌŽƉƌŝĂƚĞ,D/ ŝŶƉƵƚƐŽƵƌĐĞƵƐŝŶŐƚŚĞ^KhZďƵƚƚŽŶŽŶƚŚĞƌĞŵŽƚĞ s'WƵĚŝŽ/Ŷ ŽŶŶĞĐƚƚŚĞs'ŽƵƚƉƵƚŽĨƚŚĞWƚŽƚŚĞs'ŝŶƉƵƚŽŶƚŚĞds ŽŶŶĞĐƚƚŚĞWĂƵĚŝŽŽƵƚƉƵƚŽĨƚŚĞWƚŽƚŚĞWƵĚŝŽ/EŽŶƚŚĞds ^ĞůĞĐƚƚŚĞWŝŶƉƵƚƐŽƵƌĐĞƵƐŝŶŐƚŚĞ^KhZďƵƚƚŽŶŽŶƚŚĞƌĞŵŽƚĞ zWďWƌ/Ŷ ŽŵƉŽŶĞŶƚŝŶƉƵƚƚĞƌŵŝŶĂů^ĞůĞĐƚKDWKEEdŝŶƉƵƚƐŽƵƌĐĞƵƐŝŶŐƚŚĞ^KhZďƵƚƚŽŶŽŶƚŚĞƌĞŵŽƚĞ Ky/> ŝŐŝƚĂůdsƐŽƵŶĚŽƵƚƉƵƚ Z&/E ŽŶŶĞĐƚƚŚĞĂŶƚĞŶŶĂƚŽƚŚĞZ&/EƉŽƌƚWůĞĂƐĞƌĞĨĞƌƚŽƚŚĞŶƚĞŶŶĂŽŶŶĞĐƚŝŽŶƐĞĐƚŝŽŶŽŶƉĂŐĞϭϬ h/Ks/K/E ŽŶŶĞĐƚƚŚĞƵĚŝŽĂŶĚsŝĚĞŽŽƵƚƉƵƚũĂĐŬŽĨĞdžƚĞƌŶĂůĚĞǀŝĐĞƐ;ssZŝŐŝƚĂůĐĂŵĞƌĂĞƚĐͿƵƐŝŶŐĂŶs
ĐĂďůĞͲzĞůůŽǁ;sŝĚĞŽͿtŚŝƚĞĂŶĚZĞĚ;>ĞĨƚĂŶĚZŝŐŚƚĂƵĚŝŽͿ^ĞůĞĐƚƚŚĞsŝŶƉƵƚƐŽƵƌĐĞƵƐŝŶŐƚŚĞ^KhZ ďƵƚƚŽŶŽŶƚŚĞƌĞŵŽƚĞ
h^ /ŶƐĞƌƚĂh^ĨůĂƐŚĚƌŝǀĞƚŚĂƚĐŽŶƚĂŝŶƐLJŽƵƌDĞĚŝĂĨŝůĞƐŝŶƚŽƚŚĞh^ƐůŽƚŽŶƚŚĞƐŝĚĞĐŽŶŶĞĐƚŝŽŶƉĂŶĞůĨŽƌds ^ĞůĞĐƚD/ŝŶƉƵƚƐŽƵƌĐĞƵƐŝŶŐƚŚĞ^KhZďƵƚƚŽŶŽŶƚŚĞƌĞŵŽƚĞ
)RUDVVLVWDQFH VXSSRUW#XHFFRPDX ZZZXHFFRPDX
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OWHFK8(& 
ŽŵƉůĞƚĞ ƚŚĞ ĚĞƚĂŝůƐ ŽŶ ƚŚŝƐ ĨŽƌŵ ĂŶĚ ƌĞƚĂŝŶ ŝŶ ƚŚĞ ĞǀĞŶƚ ŽĨ ǁĂƌƌĂŶƚLJ ƐĞƌǀŝĐĞ ďĞŝŶŐ ƌĞƋƵŝƌĞĚ ;ƉƵƌĐŚĂƐĞ ƌĞĐĞŝƉƚĂƚƚĂĐŚĞĚͿ WhZ,^Z^EDͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺ
Z^^/dz^ddWK^dKͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺ
dK&WhZ,^/EsK/^>^K<dEKͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺ
^dKZd/>^ͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺ
,ŽǁƚŽDĂŬĞĂůĂŝŵ dŚŝƐǁĂƌƌĂŶƚLJĂŐĂŝŶƐƚĚĞĨĞĐƚƐŝƐƉƌŽǀŝĚĞĚďLJůƚĞĐŚh>ĞǀĞůϮϮϳ^ŝƌŝƵƐZŽĂĚ>ĂŶĞŽǀĞtĞƐƚE^tϮϬϲϲ ƉŚŽŶĞ;ϬϮͿϵϰϮϱϱϳϳϳ /Ĩ Ă ĚĞĨĞĐƚ ŝŶƚŚĞƉƌŽĚƵĐƚŝƐĚĞƚĞĐƚĞĚ ǁŝƚŚŝŶϭϮŵŽŶƚŚƐ LJŽƵ ĂƌĞĞŶƚŝƚůĞĚƚŽ ĐůĂŝŵĂ ǁĂƌƌĂŶƚLJWůĞĂƐĞĨŝƌƐƚĐŽŶƚĂĐƚƚŚĞƐƵƉƉůŝĞƌƚŚĂƚLJŽƵŵĂĚĞLJŽƵƌŽƌŝŐŝŶĂůƉƵƌĐŚĂƐĞĨƌŽŵŽƌƐĞŶĚLJŽƵƌǁĂƌƌĂŶƚLJ ĐůĂŝŵƚŽ
ůƚĞĐŚh;WƚLJͿ>ƚĚ Ϯϳ^ŝƌŝƵƐZŽĂĚ >ĂŶĞŽǀĞtĞƐƚE^tϮϬϲϲƵƐƚƌĂůŝĂ
&Ădž;ϬϮͿϵϰϮϱϱϳϵϵ
ůƚĞĐŚhdĞĐŚŶŝĐĂů^ƵƉƉŽƌƚ WŚŽŶĞ;ϬϮͿϵϰϮϱϱϳϳϳ ;KƉĞƌĂƚŝŶŐ,ŽƵƌƐDŽŶͲ&ƌŝϴϯϬĂŵͲϱϯϬƉŵ^dͿ ŵĂŝůƐƵƉƉŽƌƚΛƵĞĐĐŽŵĂƵ
)RUDVVLVWDQFH VXSSRUW#XHFFRPDX ZZZXHFFRPDX
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OWHFK8(& 

tZZEdz ŽŶŐƌĂƚƵůĂƚŝŽŶƐŽŶLJŽƵƌƉƵƌĐŚĂƐĞŽĨĂŶůƚĞĐŚhƉƌŽĚƵĐƚůƚĞĐŚhƐĐŽŵŵŝƚŵĞŶƚƚŽƋƵĂůŝƚLJŝŶĐůƵĚĞƐŽƵƌ
ĂĨƚĞƌ ƐĂůĞƐ ƐƵƉƉŽƌƚ ĂŶĚ ƐĞƌǀŝĐŝŶŐ ^ŚŽƵůĚ ƚŚŝƐ ƉƌŽĚƵĐƚ ĚĞǀĞůŽƉ Ă ŵĂŶƵĨĂĐƚƵƌŝŶŐ ĨĂƵůƚ ůƚĞĐŚ h ŚĞƌĞďLJ ƉƌŽǀŝĚĞƐLJŽƵǁŝƚŚĂǁĂƌƌĂŶƚLJĂŐĂŝŶƐƚĚĞĨĞĐƚƐĂƐĨŽůůŽǁƐ tĂƌƌĂŶƚLJ
dŚĞƉƌŽĚƵĐƚŝƐŐƵĂƌĂŶƚĞĞĚƚŽďĞĨƌĞĞĨƌŽŵĚĞĨĞĐƚƐŝŶǁŽƌŬŵĂŶƐŚŝƉĂŶĚƉĂƌƚƐĨŽƌĂƉĞƌŝŽĚŽĨϭϮŵŽŶƚŚƐĨƌŽŵ ƚŚĞĚĂƚĞŽĨƉƵƌĐŚĂƐĞĞĨĞĐƚƐƚŚĂƚŽĐĐƵƌǁŝƚŚŝŶƚŚŝƐǁĂƌƌĂŶƚLJƉĞƌŝŽĚǁŚĞƌĞƚŚĞƉƌŽĚƵĐƚŝƐŝŶƐƚĂůůĞĚĐŽƌƌĞĐƚůLJ ĂŶĚƵƐĞĚƵŶĚĞƌŶŽƌŵĂůŽƉĞƌĂƚŝŽŶĂŶĚĐĂƌĞǁŝůůďĞƌĞƉůĂĐĞĚƌĞƉĂŝƌĞĚŽƌƌĞĨƵŶĚĞĚĂƚŽƵƌƐŽůĞĚŝƐĐƌĞƚŝŽŶ dŚĞďĞŶĞĨŝƚƐŽĨƚŚŝƐǁĂƌƌĂŶƚLJĂƌĞŝŶĂĚĚŝƚŝŽŶƚŽĂůůƌŝŐŚƚƐĂŶĚƌĞŵĞĚŝĞƐŝŶƌĞƐƉĞĐƚŽĨƚŚĞƉƌŽĚƵĐƚƚŚĂƚ ƚŚĞĐŽŶƐƵŵĞƌŚĂƐƵŶĚĞƌƚŚĞŽŵƉĞƚŝƚŝŽŶĂŶĚŽŶƐƵŵĞƌĐƚϮϬϭϬĂŶĚƐŝŵŝůĂƌƐƚĂƚĞĂŶĚƚĞƌƌŝƚŽƌLJůĂǁƐ KƵƌŐŽŽĚƐĐŽŵĞǁŝƚŚŐƵĂƌĂŶƚĞĞƐƚŚĂƚĐĂŶŶŽƚďĞĞdžĐůƵĚĞĚƵŶĚĞƌƚŚĞƵƐƚƌĂůŝĂŶŽŶƐƵŵĞƌ>Ăǁ zŽƵĂƌĞĞŶƚŝƚůĞĚƚŽĂƌĞƉůĂĐĞŵĞŶƚŽƌƌĞĨƵŶĚĨŽƌĂŵĂũŽƌĨĂŝůƵƌĞĂŶĚĐŽŵƉĞŶƐĂƚŝŽŶĨŽƌĂŶLJŽƚŚĞƌƌĞĂƐŽŶĂďůLJ ĨŽƌĞƐĞĞĂďůĞůŽƐƐŽƌĚĂŵĂŐĞzŽƵĂƌĞĂůƐŽĞŶƚŝƚůĞĚƚŽŚĂǀĞƚŚĞŐŽŽĚƐƌĞƉĂŝƌĞĚŽƌƌĞƉůĂĐĞĚŝĨƚŚĞŐŽŽĚƐĨĂŝůƚŽ ďĞŽĨĂĐĐĞƉƚĂďůĞƋƵĂůŝƚLJĂŶĚƚŚĞĨĂŝůƵƌĞĚŽĞƐŶŽƚĂŵŽƵŶƚƚŽĂŵĂũŽƌĨĂŝůƵƌĞ
WƌŽŽĨŽĨWƵƌĐŚĂƐĞ dŚŝƐǁĂƌƌĂŶƚLJŝƐǀĂůŝĚĨŽƌƚŚĞŽƌŝŐŝŶĂůƉƵƌĐŚĂƐĞĂŶĚŝƐŶŽƚƚƌĂŶƐĨĞƌĂďůĞ ƚŽ ĂŶŽƚŚĞƌ ƵŶŝƚ WůĞĂƐĞ ŬĞĞƉ LJŽƵƌ ƉƵƌĐŚĂƐĞƌĞĐĞŝƉƚŽƌƚĂdžŝŶǀŽŝĐĞĂƐƉƌŽŽĨŽĨƉƵƌĐŚĂƐĞĂŶĚƉƌŽŽĨŽĨĚĂƚĞƉƵƌĐŚĂƐĞĚ džƚĞŶƚŽĨtĂƌƌĂŶƚLJ dŚŝƐ ǁĂƌƌĂŶƚLJ ŝƐ ůŝŵŝƚĞĚ ƚŽ ǁŽƌŬŵĂŶƐŚŝƉ Žƌ ƉĂƌƚƐ ůů ĚĞĨĞĐƚŝǀĞ ƉƌŽĚƵĐƚƐ ǁŝůů ďĞ ƌĞƉĂŝƌĞĚ Žƌ ƌĞƉůĂĐĞĚdŚĞ ǁĂƌƌĂŶƚLJĚŽĞƐŶŽƚĐŽǀĞƌďĂƚƚĞƌŝĞƐŽƌĂŶLJŽƚŚĞƌĐŽŶƐƵŵĂďůĞ EŽƌŵĂůtĞĂƌĂŶĚdĞĂƌ dŚŝƐǁĂƌƌĂŶƚLJĚŽĞƐŶŽƚĐŽǀĞƌŶŽƌŵĂůǁĞĂƌĂŶĚƚĞĂƌƚŽƚŚĞƉƌŽĚƵĐƚŽƌƌĞŵŽƚĞĐŽŶƚƌŽůƵŶŝƚ
)RUDVVLVWDQFH VXSSRUW#XHFFRPDX ZZZXHFFRPDX
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OWHFK8(& 
džĐůƵƐŝŽŶƐ dŚĞǁĂƌƌĂŶƚLJĚŽĞƐŶŽƚĐŽǀĞƌ
/ŶLJĚĞĨĞĐƚĐĂƵƐĞĚďLJĂŶĂĐĐŝĚĞŶƚŵŝƐƵƐĞĂďƵƐĞŝŵƉƌŽƉĞƌŝŶƐƚĂůůĂƚŝŽŶŽƌŽƉĞƌĂƚŝŽŶůĂĐŬŽĨƌĞĂƐŽŶĂďůĞ ĐĂƌĞƵŶĂƵƚŚŽƌŝnjĞĚƚĂŵƉĞƌŝŶŐŽƌŵŽĚŝĨŝĐĂƚŝŽŶůŽƐƐŽĨƉĂƌƚƐŽƌĂƚƚĞŵƉƚĞĚƌĞƉĂŝƌďLJĂƉĞƌƐŽŶŶŽƚĂƵƚŚŽƌŝnjĞĚ ďLJůƚĞĐŚh // ŶLJĨĂŝůƵƌĞƚŚĂƚŝƐĂƚƚƌŝďƵƚĂďůĞƚŽŝŶĐŽƌƌĞĐƚŝŶƐƚĂůůĂƚŝŽŶŽƉĞƌĂƚĞĚŽƌŵĂŝŶƚĂŝŶĞĚŝŶĂĐĐŽƌĚĂŶĐĞǁŝƚŚƚŚĞ ŽƉĞƌĂƚŝŶŐŝŶƐƚƌƵĐƚŝŽŶƐƉƌŽǀŝĚĞĚǁŝƚŚƚŚĞƉƌŽĚƵĐƚ /// ŶLJƉƌŽĚƵĐƚƚŚĂƚďĞĞŶƵƐĞĚĨŽƌƚŚĞƉƵƌƉŽƐĞŽƚŚĞƌƚŚĂŶĚŽŵĞƐƚŝĐƵƐĞ
/s ŶLJĚĂŵĂŐĞĐĂƵƐĞĚďLJŝŵƉƌŽƉĞƌƉŽǁĞƌŝŶƉƵƚŽƌŝŵƉƌŽƉĞƌĐĂďůĞĐŽŶŶĞĐƚŝŽŶ
s  ŶLJ ĚĂŵĂŐĞ ƌĞƐƵůƚŝŶŐ ĨƌŽŵ ƵŶĂƵƚŚŽƌŝnjĞĚ ƐŽĨƚǁĂƌĞ ƵƉŐƌĂĚĞ ĚŽŶĞ ďLJ ƵŶĂƵƚŚŽƌŝnjĞĚ ĂŶĚ ŶŽŶͲƋƵĂůŝĨŝĞĚ
ƚĞĐŚŶŝĐŝĂŶƐ
s^dKEEd/KE^ >E/E ŽŶŶĞĐƚƚŚĞĐŽĂdžŝĂůĐĂďůĞƚŽƚŚĞ>EŽŶƐĂƚĞůůŝƚĞĚŝƐŚ
h^ h^ƉŽƌƚƉƌŽǀŝƐŝŽŶĨŽƌƌĞĐŽƌĚŝŶŐĨƵŶĐƚŝŽŶĂůŝƚLJĂŶĚƐŽĨƚǁĂƌĞƵƉŐƌĂĚĞǀŝĂh^
d,ZEd ŽŶŶĞĐƚƐƚŽƚŚĞƌŶĞƚ;ĐƵƌƌĞŶƚůLJĚŝƐĂďůĞĚĨŽƌĨƵƚƵƌĞƐƵƉƉŽƌƚͿ Z ^ŵĂƌƚĐĂƌĚƐůŽƚ Z^d ƵƚƚŽŶƚŽZ^dŽƌZKKdƚŚĞs^dĚĞĐŽĚĞƌ EdEEKEEd/KE,Ezd/W^
ϭ ŽŶŽƚƉƵƚƚŚĞĐŽĂdžŝĂůĐĂďůĞĐůŽƐĞƚŽƚŚĞŵĂŝŶƐůĞĂĚƚŽĂǀŽŝĚƐŝŐŶĂůŶŽŝƐĞ Ϯ ŽŶŽƚƉůĂĐĞƚŚĞĐŽĂdžŝĂůĐĂďůĞƵŶĚĞƌƚŚĞds ϯ dŽŽďƚĂŝŶƋƵĂůŝƚLJƉŝĐƚƵƌĞĂŶĚƐŽƵŶĚĂƌŽŽĨĂĞƌŝĂůĂŶƚĞŶŶĂǁŝƚŚƚŚĞĐŽƌƌĞĐƚĐŽĂdžŝĂůĐĂďůĞ;ϳϱёͿĂŶĚǁŝƚŚ
ƚŚĞĐŽƌƌĞĐƚƚĞƌŵŝŶĂƚŝŶŐƉůƵŐŵƵƐƚďĞƵƐĞĚŝŶƚŚĞŝŶƐƚĂůůĂƚŝŽŶ
EŽƚĞƐ
ϭ ŽŶƚĂĐƚLJŽƵƌůŽĐĂůĂŶƚĞŶŶĂĚĞĂůĞƌĨŽƌĂƐƐŝƐƚĂŶĐĞŝŶŝŶƐƚĂůůŝŶŐƚŚĞĐŽƌƌĞĐƚĂĞƌŝĂůĂŶƚĞŶŶĂƐLJƐƚĞŵƚŚĂƚ
ǁŝůůƐƵŝƚLJŽƵƌƉĂƌƚŝĐƵůĂƌĂƌĞĂĂŶĚŽďƚĂŝŶƚŚĞŶĞĐĞƐƐĂƌLJĂĐĐĞƐƐŽƌŝĞƐƌĞƋƵŝƌĞĚ
Ϯ ĚĚŝƚŝŽŶĂůĞƋƵŝƉŵĞŶƚĐĂďůĞƐĂĚĂƉƚĞƌƉůƵŐƐĂŶĚŽƚŚĞƌĂĐĐĞƐƐŽƌŝĞƐĂƌĞŶŽƚƐƵƉƉůŝĞĚǁŝƚŚƚŚŝƐdsƐĞƚ
)RUDVVLVWDQFH VXSSRUW#XHFFRPDX ZZZXHFFRPDX
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OWHFK8(& 
tZE/E'WůĞĂƐĞĚŽŶŽƚƵƐĞĂƐƉĂŶŶĞƌŽƌƐŚŝĨƚĞƌŽŶƚŚĞ>E;&ͿĐŽŶŶĞĐƚŽƌ