Brother 888-M00 User manual

Operation Manual
Embroidery and Sewing Machine
Product Code: 888-M00/M02/M03/M04
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We recommend that you keep this document nearby for future reference.

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8LERO]SYJSVTYVGLEWMRKXLMWQEGLMRI&IJSVIYWMRKXLMW
QEGLMRIGEVIJYPP]VIEHXLIq-14368%287%*)8=
-27869'8-327rERHXLIRWXYH]XLMWQERYEPJSVXLI
GSVVIGXSTIVEXMSRSJXLIZEVMSYWJYRGXMSRW
-REHHMXMSREJXIV]SYLEZIJMRMWLIHVIEHMRKXLMWQERYEP
WXSVIMX[LIVIMXGERUYMGOP]FIEGGIWWIHJSVJYXYVI
VIJIVIRGI
4PIEWIVIEHXLIWIWEJIX]MRWXVYGXMSRWFIJSVIEXXIQTXMRKXS
YWIXLIQEGLMRI
(%2+)6
8SVIHYGIXLIVMWOSJIPIGXVMGEPWLSGO
%P[E]WYRTPYKXLIQEGLMRIJVSQXLIIPIGXVMGEP
SYXPIXMQQIHMEXIP]EJXIVYWMRK[LIRGPIERMRK
QEOMRKER]YWIVWIVZMGMRKEHNYWXQIRXWQIRXMSRIHMR
XLMWQERYEPSVMJ]SYEVIPIEZMRKXLIQEGLMRI
YREXXIRHIH
;%62-2+
8SVIHYGIXLIVMWOSJFYVRWJMVIIPIGXVMGEPWLSGOSV
MRNYV]XSTIVWSRW
%P[E]WYRTPYKXLIQEGLMRIJVSQXLIIPIGXVMGEP
SYXPIX[LIRQEOMRKER]EHNYWXQIRXWQIRXMSRIHMR
XLIMRWXVYGXMSRQERYEP
d 8SYRTPYKXLIQEGLMRIW[MXGLXLIQEGLMRIXSXLI
W]QFSPq3rTSWMXMSRXSXYVRMXSJJXLIRKVEWTXLI
TPYKERHTYPPMXSYXSJXLIIPIGXVMGEPSYXPIX(SRSX
TYPPSRXLIGSVH
d 4PYKXLIQEGLMRIHMVIGXP]MRXSXLIIPIGXVMGEPSYXPIX
(SRSXYWIERI\XIRWMSRGSVH
d %P[E]WYRTPYK]SYVQEGLMRIMJXLIVIMWETS[IV
JEMPYVI
)PIGXVMGEP,E^EVHW
d 8LMWQEGLMRIWLSYPHFIGSRRIGXIHXSER%'TS[IV
WSYVGI[MXLMRXLIVERKIMRHMGEXIHSRXLIVEXMRK
PEFIP(SRSXGSRRIGXMXXSE('TS[IVWSYVGISV
GSRZIVXIV-J]SYEVIRSXWYVI[LEXOMRHSJTS[IV
WSYVGI]SYLEZIGSRXEGXEUYEPMJMIHIPIGXVMGMER
d 8LMWQEGLMRIMWETTVSZIHJSVYWIMRXLIGSYRXV]SJ
TYVGLEWISRP]
2IZIVSTIVEXIXLMWQEGLMRIMJMXLEWEHEQEKIHGSVH
SVTPYKMJMXMWRSX[SVOMRKTVSTIVP]LEWFIIR
HVSTTIHSVHEQEKIHSV[EXIVMWWTMPPIHSRXLIYRMX
6IXYVRXLIQEGLMRIXSXLIRIEVIWXEYXLSVM^IH
&VSXLIVHIEPIVJSVI\EQMREXMSRVITEMVIPIGXVMGEPSV
QIGLERMGEPEHNYWXQIRX
d ;LMPIXLIQEGLMRIMWWXSVIHSVMRYWIMJ]SYRSXMGI
ER]XLMRKYRYWYEPWYGLEWERSHSVLIEX
HMWGSPSVEXMSRSVHIJSVQEXMSRWXSTYWMRKXLI
QEGLMRIMQQIHMEXIP]ERHYRTPYKXLITS[IVGSVH
d ;LIRXVERWTSVXMRKXLIQEGLMRIFIWYVIXSGEVV]MX
F]MXWLERHPI0MJXMRKXLIQEGLMRIF]ER]SXLIVTEVX
QE]HEQEKIXLIQEGLMRISVVIWYPXMRXLIQEGLMRI
JEPPMRK[LMGLGSYPHGEYWIMRNYVMIW
d ;LIRPMJXMRKXLIQEGLMRIFIGEVIJYPRSXXSQEOI
ER]WYHHIRSVGEVIPIWWQSZIQIRXW[LMGLQE]
GEYWIETIVWSREPMRNYV]
%P[E]WOIIT]SYV[SVOEVIEGPIEV
d 2IZIVSTIVEXIXLIQEGLMRI[MXLER]EMVSTIRMRKW
FPSGOIH/IITZIRXMPEXMSRSTIRMRKWSJXLIQEGLMRI
ERHJSSXGSRXVSPJVIIJVSQXLIFYMPHYTSJPMRXHYWX
ERHPSSWIGPSXL
d (SRSXWXSVISFNIGXWSRXLIJSSXGSRXVSPPIV
d 2IZIVHVSTSVMRWIVXJSVIMKRSFNIGXWMRER]STIRMRK
d (SRSXSTIVEXI[LIVIEIVSWSPWTVE]TVSHYGXWEVI
FIMRKYWIHSV[LIVIS\]KIRMWFIMRKEHQMRMWXIVIH
d (SRSXYWIXLIQEGLMRIRIEVELIEXWSYVGIWYGLEW
EWXSZISVMVSRSXLIV[MWIXLIQEGLMRITS[IVGSVH
SVKEVQIRXFIMRKWI[RQE]MKRMXIVIWYPXMRKMRJMVI
SVERIPIGXVMGWLSGO
d (SRSXTPEGIXLMWQEGLMRISRERYRWXEFPIWYVJEGI
WYGLEWERYRWXIEH]SVWPERXIHXEFPISXLIV[MWIXLI
QEGLMRIQE]JEPPVIWYPXMRKMRMRNYVMIW
7TIGMEPGEVIMWVIUYMVIH[LIRWI[MRK
d %P[E]WTE]GPSWIEXXIRXMSRXSXLIRIIHPI(SRSXYWI
FIRXSVHEQEKIHRIIHPIW
d /IITJMRKIVWE[E]JVSQEPPQSZMRKTEVXW7TIGMEP
GEVIMWVIUYMVIHEVSYRHXLIQEGLMRIRIIHPI
d 7[MXGLXLIQEGLMRIXSXLIW]QFSPq3rTSWMXMSRXS
XYVRMXSJJ[LIRQEOMRKER]EHNYWXQIRXWMRXLI
RIIHPIEVIE
d (SRSXYWIEHEQEKIHSVMRGSVVIGXRIIHPITPEXIEW
MXGSYPHGEYWIXLIRIIHPIXSFVIEO
d (SRSXTYWLSVTYPPXLIJEFVMG[LIRWI[MRKERH
JSPPS[GEVIJYPMRWXVYGXMSR[LIRJVIIQSXMSRWXMXGLMRK
WSXLEX]SYHSRSXHIJPIGXXLIRIIHPIERHGEYWIMXXS
FVIEO
-2863(9'8-32
-14368%287%*)8=
-27869'8-327


8LMWQEGLMRIMWRSXEXS]
d =SYVGPSWIEXXIRXMSRMWRIGIWWEV][LIRXLIQEGLMRI
MWYWIHF]SVRIEVGLMPHVIR
d 8LITPEWXMGFEKXLEXXLMWQEGLMRI[EWWYTTPMIHMR
WLSYPHFIOITXSYXSJXLIVIEGLSJGLMPHVIRSV
HMWTSWIHSJ2IZIVEPPS[GLMPHVIRXSTPE][MXLXLI
FEKHYIXSXLIHERKIVSJWYJJSGEXMSR
d (SRSXYWISYXHSSVW
*SVEPSRKIVWIVZMGIPMJI
d ;LIRWXSVMRKXLMWQEGLMRIEZSMHHMVIGXWYRPMKLX
ERHLMKLLYQMHMX]PSGEXMSRW(SRSXYWISVWXSVIXLI
QEGLMRIRIEVEWTEGILIEXIVMVSRLEPSKIRPEQTSV
SXLIVLSXSFNIGXW
d 9WISRP]RIYXVEPWSETWSVHIXIVKIRXWXSGPIERXLI
GEWI&IR^IRIXLMRRIVERHWGSYVMRKTS[HIVWGER
HEQEKIXLIGEWIERHQEGLMRIERHWLSYPHRIZIVFI
YWIH
d %P[E]WGSRWYPXXLI3TIVEXMSR1ERYEP[LIR
VITPEGMRKSVMRWXEPPMRKER]EWWIQFPMIWXLITVIWWIV
JIIXRIIHPISVSXLIVTEVXWXSEWWYVIGSVVIGX
MRWXEPPEXMSR
*SVVITEMVSVEHNYWXQIRX
d -JXLIPMKLXYRMXMWHEQEKIHMXQYWXFIVITPEGIHF]
EREYXLSVM^IH&VSXLIVHIEPIV
d -RXLIIZIRXEQEPJYRGXMSRSGGYVWSVEHNYWXQIRXMW
VIUYMVIHJMVWXJSPPS[XLIXVSYFPIWLSSXMRKXEFPIMRXLI
FEGOSJXLI3TIVEXMSR1ERYEPXSMRWTIGXERHEHNYWX
XLIQEGLMRI]SYVWIPJ-JXLITVSFPIQTIVWMWXWTPIEWI
GSRWYPX]SYVPSGEPEYXLSVM^IH&VSXLIVHIEPIV
9WIXLMWQEGLMRISRP]JSVMXWMRXIRHIHYWIEWHIWGVMFIH
MRXLIQERYEP
9WIEGGIWWSVMIWVIGSQQIRHIHF]XLIQERYJEGXYVIVEW
GSRXEMRIHMRXLMWQERYEP
8LIGSRXIRXWSJXLMWQERYEPERHWTIGMJMGEXMSRWSJXLMW
TVSHYGXEVIWYFNIGXXSGLERKI[MXLSYXRSXMGI
*SVEHHMXMSREPTVSHYGXMRJSVQEXMSRERHYTHEXIWZMWMX
SYV[IFWMXIEX[[[FVSXLIVGSQ
7%:)8,)7)
-27869'8-327
8LMWQEGLMRIMWMRXIRHIH
JSVLSYWILSPHYWI
*3697)67-2'39286-)7
)<')48')2)0)''39286-)7
8LMWETTPMERGIMWRSXMRXIRHIHJSVYWI
F]TIVWSRWMRGPYHMRKGLMPHVIR[MXL
VIHYGIHTL]WMGEPWIRWSV]SVQIRXEP
GETEFMPMXMIWSVPEGOSJI\TIVMIRGIERH
ORS[PIHKIYRPIWWXLI]LEZIFIIR
KMZIRWYTIVZMWMSRSVMRWXVYGXMSR
GSRGIVRMRKYWISJXLIETTPMERGIF]E
TIVWSRVIWTSRWMFPIJSVXLIMVWEJIX]
'LMPHVIRWLSYPHFIWYTIVZMWIHXS
IRWYVIXLEXXLI]HSRSXTPE][MXLXLI
ETTPMERGI
*3697)67-2')2)0)'
'39286-)7
8LMWETTPMERGIGERFIYWIHF]GLMPHVIR
EKIHJVSQ]IEVWERHEFSZIERH
TIVWSRW[MXLVIHYGIHTL]WMGEPWIRWSV]
SVQIRXEPGETEFMPMXMIWSVPEGOSJ
I\TIVMIRGIERHORS[PIHKIMJXLI]LEZI
FIIRKMZIRWYTIVZMWMSRSVMRWXVYGXMSR
GSRGIVRMRKYWISJXLIETTPMERGIMRE
WEJI[E]ERHYRHIVWXERHXLILE^EVHW
MRZSPZIH'LMPHVIRWLEPPRSXTPE][MXL
XLIETTPMERGI'PIERMRKERHYWIV
QEMRXIRERGIWLEPPRSXFIQEHIF]
GLMPHVIR[MXLSYXWYTIVZMWMSR


*3697)67-28,)9/
)-6)1%08%
%2('=4697320=
-14368%28
d -RXLIIZIRXSJVITPEGMRKXLITPYKJYWIYWIEJYWI
QEVOVEXMRKEWQEVOIHSRTPYK
d %P[E]WVITPEGIXLIJYWIGSZIV2IZIVYWITPYKW[MXL
XLIJYWIGSZIVSQMXXIH
d -JXLIEZEMPEFPIIPIGXVMGEPSYXPIXMWRSXWYMXEFPIJSVXLI
TPYKWYTTPMIH[MXLXLMWIUYMTQIRX]SYWLSYPH
GSRXEGX]SYVEYXLSVM^IH&VSXLIVHIEPIVXSSFXEMRXLI
GSVVIGXPIEH
%TT7XSVIMWEWIVZMGIQEVOSJ%TTPI-RG
%RHVSMHERH+SSKPI4PE]EVIXVEHIQEVOWSJ+SSKPI-RG
9WISJXLIWIXVEHIQEVOWEVIWYFNIGXXS+SSKPI4IVQMWWMSRW
8LMWTVSHYGXMRGPYHIWSTIRWSYVGIWSJX[EVI
8SWIIXLISTIRWSYVGIPMGIRWMRKVIQEVOWTPIEWIKSXSXLI
QERYEPHS[RPSEHWIGXMSRSR]SYVQSHIPWLSQITEKISJ
&VSXLIV7SPYXMSRW'IRXIVEXqLXXTWFVSXLIVGTNEEr
8VEHIQEVOW
3TIR7SYVGI0MGIRWMRK6IQEVOW

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'LETXIV +)88-2+6)%(= 
2EQIWSJ1EGLMRI4EVXW
-RGPYHIHEGGIWWSVMIW 
3TXMSREPEGGIWWSVMIW 
8YVRMRKXLI1EGLMRI3R3JJ
0'(3TIVEXMSR
:MI[MRKXLI0'(
7IXXMRKWWGVIIR
%HNYWXMRKMRTYXWIRWMXMZMX]JSVSTIVEXMSROI]W
;MRHMRK-RWXEPPMRKXLI&SFFMR
;MRHMRKXLIFSFFMR 
-RWXEPPMRKXLIFSFFMR
9TTIV8LVIEHMRK 
8LVIEHMRKXLIYTTIVXLVIEH 
4YPPMRKYTXLIFSFFMRXLVIEH 
*EFVMG8LVIEH2IIHPI'SQFMREXMSRW
6ITPEGMRKXLI2IIHPI
'LIGOMRKXLIRIIHPI
6ITPEGMRKXLIRIIHPI
6ITPEGMRKXLI4VIWWIV*SSX
6ITPEGMRKXLITVIWWIVJSSX 
6IQSZMRKERHEXXEGLMRKXLITVIWWIVJSSXLSPHIV 
'LETXIV 7);-2+&%7-'7 
7I[MRK
7XMXGLX]TIW
&EWMGWI[MRK 
7I[MRKVIZIVWIVIMRJSVGIQIRXWXMXGLIW 
'SQFMRMRK7XMXGL4EXXIVRW 
%YXSQEXMGVIZIVWIVIMRJSVGIQIRXWXMXGLMRK
%YXSQEXMGEPP]GYXXMRKXLIXLVIEH
7IXXMRKXLIWXMXGL[MHXLWXMXGLPIRKXLq067LMJXr 
%HNYWXMRKXLIXLVIEHXIRWMSR
9WIJYP7I[MRK8MTW 
7I[MRK8MTW
7I[MRKERIZIRWIEQEPPS[ERGI 
7I[MRK:EVMSYW*EFVMGW 
'LETXIV :%6-39778-8',)7 
7XMXGL'LEVX 
9XMPMX]WXMXGLIW 
3ZIVGEWXMRK7XMXGLIW 
&PMRH,IQ7XMXGLMRK 
&YXXSRLSPIWI[MRK
&YXXSRWI[MRK 
>MTTIV-RWIVXMSR
%TTPMUYÍ4EXGL[SVOERH5YMPX7XMXGLMRK
3XLIV7XMXGLMRK%TTPMGEXMSRW
1EOMRKEHNYWXQIRXW
9WMRK8LI1IQSV]*YRGXMSR 
7EZMRKWXMXGLTEXXIVRW
6IXVMIZMRKWXMXGLTEXXIVRW 
1='9783178-8', 
'LETXIV )1&63-()6= 
)QFVSMHIVMRK4VITEVEXMSR
%XXEGLMRKXLI)QFVSMHIV]9RMX 
)QFVSMHIV]%XXVEGXMZI*MRMWLIW 
,SSTMRKXLIJEFVMGMRXLIIQFVSMHIV]JVEQI
%XXEGLMRKXLI)QFVSMHIV]*VEQI 
)QFVSMHIVMRK
7IPIGXMRKERIQFVSMHIV]TEXXIVR  
)QFVSMHIVMRKETEXXIVR 
%HNYWXMRKXLVIEHXIRWMSR  
)QFVSMHIVMRKXLIETTPMUYÍTEXXIVRW  
9WMRKEJVEQITEXXIVRXSQEOIERETTPMUYÍ 
7TPMXIQFVSMHIV]TEXXIVRW  
)HMXMRK4EXXIVRW  
)HMXMRK%PP4EXXIVRW 
%PMKRMRKXLITEXXIVRERHXLIRIIHPITSWMXMSR 
)QFVSMHIVMRKPMROIHGLEVEGXIVW 
9WMRKXLI1IQSV]*YRGXMSR 
7EZMRKIQFVSMHIV]TEXXIVRW 
6IXVMIZMRKIQFVSMHIV]TEXXIVRW  
'LETXIV %44)2(-< 
'EVIERH1EMRXIRERGI  
6IWXVMGXMSRWSRSMPMRK  
4VIGEYXMSRWSRWXSVMRKXLIQEGLMRI  
'PIERMRKXLIVEGI 
8SYGLTERIPMWQEPJYRGXMSRMRK 
8VSYFPIWLSSXMRK 
9TTIVXLVIEHXMKLXIRIHYT 
8ERKPIHXLVIEHSR[VSRKWMHISJJEFVMG 
-RGSVVIGXXLVIEHXIRWMSR  
*EFVMGMWGEYKLXMRXLIQEGLMRIERHGERRSXFIVIQSZIH  
-JXLIXLVIEHFIGSQIWXERKPIHYRHIVXLIFSFFMR[MRHIV
WIEX 
0MWXSJW]QTXSQW  
)VVSVQIWWEKIW  
3TIVEXMSRFIITW  
9TKVEHMRK]SYVQEGLMRItWWSJX[EVI  
-RHI\ 
'328)287

2EQIWSJ1EGLMRI4EVXW


1EMRTEVXW
&SFFMR[MRHMRKXLVIEHKYMHIERHTVIXIRWMSRHMWO
TEKI 
8LVIEHKYMHITEKI 
7TSSPGETTEKI 
7TSSPTMRTEKI 
,SPIJSVI\XVEWTSSPTMR
8LMWLSPHWERI\XVEWTSSPTMRJSVWI[MRK[MXLX[MRRIIHPITEKI
8LMWMWRSXELSPIJSVPYFVMGEXMSR(SRSXMRWIVXSMPMRXSXLMW
LSPI
&SFFMR[MRHIVTEKI 
0'(PMUYMHGV]WXEPHMWTPE]TEKI 
3TIVEXMSRTERIPTEKI 
3TIVEXMSRFYXXSRWERHWI[MRKWTIIHGSRXVSPPIV
TEKI 
*PEXFIHEXXEGLQIRXTEKI 
%8LVIEHGYXXIVTEKI 
&2IIHPIXLVIEHIVPIZIVTEKI 
'8LVIEHXIRWMSRHMEPTEKI 
(,ERH[LIIP
8YVRXLILERH[LIIPXS[EVH]SYGSYRXIVGPSGO[MWIXSVEMWIERH
PS[IVXLIRIIHPIXSWI[SRIWXMXGL
)8LVIEHKYMHIGSZIVTEKI 
*,ERHPI
'EVV]XLIQEGLMRIF]MXWLERHPI[LIRXVERWTSVXMRK
+4VIWWIVJSSXPIZIV
6EMWIERHPS[IVXLITVIWWIVJSSXPIZIVXSVEMWIERHPS[IVXLI
TVIWWIVJSSX
,*IIHHSKTSWMXMSRW[MXGL
9WIXLIJIIHHSKTSWMXMSRW[MXGLXSVEMWIERHPS[IVXLIJIIH
HSKWTEKI
-1EMRTS[IVW[MXGLTEKI 
.4S[IVWYTTP]NEGOTEKI 
/*SSXGSRXVSPPIVTEKI 
0*SSXGSRXVSPPIVNEGOTEKI 
1%MVZIRX
8LIEMVZIRXEPPS[WXLIEMVWYVVSYRHMRKXLIQSXSVXSGMVGYPEXI
(SRSXGSZIVXLIEMVZIRX[LMPIXLIQEGLMRIMWFIMRKYWIH
297&TSVXJSVE97&JPEWLHVMZITEKI 
3)QFVSMHIV]YRMXTEKI
2IIHPIFEVXLVIEHKYMHITEKI
2IIHPITPEXITEKI
2IIHPITPEXIGSZIVTEKI
&SFFMRGSZIVFSFFMRGEWITEKI
*IIHHSKW
8LIJIIHHSKWJIIHXLIJEFVMGMRXLIWI[MRKHMVIGXMSR
4VIWWIVJSSX
8LITVIWWIVJSSXETTPMIWTVIWWYVIGSRWMWXIRXP]SRXLIJEFVMGEW
XLIWI[MRKXEOIWTPEGI%XXEGLXLIETTVSTVMEXITVIWWIVJSSXJSV
XLIWIPIGXIHWXMXGL
4VIWWIVJSSXLSPHIVTEKI
4VIWWIVJSSXLSPHIVWGVI[TEKI 
&YXXSRLSPIPIZIVTEKI
Chapter 1GETTING READY
2EQIWSJ1EGLMRI4EVXW
E
GI
J
K
L
M
N
O
P
Q
RT
V
W
X
Y
Z
[
\
]
M
G
I
J
K
L

2EQIWSJ1EGLMRI4EVXW

3TIVEXMSRFYXXSRW
q7XEVX7XSTrFYXXSR 
4VIWWXLIq7XEVX7XSTrFYXXSRXSWXEVXSVWXSTWI[MRK
8LIFYXXSRGLERKIWGSPSVEGGSVHMRKXSXLIQEGLMRItW
STIVEXMSRQSHI
6IZIVWI6IMRJSVGIQIRXWXMXGLFYXXSR
4VIWWXLIVIZIVWIVIMRJSVGIQIRXFYXXSRXSWI[VIZIVWI
VIMRJSVGIQIRXWXMXGLIWTEKI
2IIHPITSWMXMSRFYXXSR
4VIWWXLIRIIHPITSWMXMSRFYXXSRXSVEMWISVPS[IVXLIRIIHPI
4VIWWMRKXLIFYXXSRX[MGIWI[WSRIWXMXGL
8LVIEHGYXXIVFYXXSR
4VIWWXLIXLVIEHGYXXIVFYXXSREJXIVWI[MRKMWWXSTTIHXSGYX
FSXLXLIYTTIVERHXLIFSFFMRXLVIEHW
7I[MRKWTIIHGSRXVSPPIV
7PMHIXLIWI[MRKWTIIHGSRXVSPPIVXSEHNYWXXLIWI[MRKWTIIH
8LIWI[MRKWTIIHGERRSXFIEHNYWXIH[LMPIWI[MRKHIGSVEXMZI
WXMXGLIWSVIQFVSMHIVMRK
3TIVEXMSRTERIPERHSTIVEXMSROI]W
0'(PMUYMHGV]WXEPHMWTPE]XSYGLTERIP
7IPIGXIHTEXXIVRWIXXMRKWERHQIWWEKIWEVIHMWTPE]IH
8SYGLXLIOI]WHMWTPE]IHSRXLI0'(XSTIVJSVQSTIVEXMSRW
*SVHIXEMPWVIJIVXSq0'(3TIVEXMSRrSRTEKI 
4VIZMSYWTEKIOI]
(MWTPE]WXLITVIZMSYWWGVIIR[LIRXLIVIEVIMXIQWXLEXEVIRSX
HMWTPE]IHSRXLI0'(
2I\XTEKIOI]
(MWTPE]WXLIRI\XWGVIIR[LIRXLIVIEVIMXIQWXLEXEVIRSX
HMWTPE]IHSRXLI0'(
,IPTOI]
4VIWWXSKIXLIPTSRYWMRKXLIQEGLMRI
7IXXMRKWOI]
4VIWWXSWIXXLIRIIHPIWXSTTSWMXMSRXLIFY^^IVWSYRHERH
QSVI
)QFVSMHIV]OI]
4VIWWXLMWOI]XSIQFVSMHIV
9XMPMX]WXMXGLOI]
4VIWWXLMWOI]XSWI[EYXMPMX]WXMXGLSVHIGSVEXMZIWXMXGL
&EGOOI]
4VIWWXSVIXYVRXSXLITVIZMSYWWGVIIR
4VIWWIVJSSX2IIHPII\GLERKIOI]
4VIWWXLMWOI]FIJSVIGLERKMRKXLIRIIHPIXLITVIWWIVJSSX
IXG8LMWOI]PSGOWEPPOI]ERHFYXXSRJYRGXMSRWXSTVIZIRX
STIVEXMSRSJXLIQEGLMRI
+VIIR 8LIQEGLMRIMWVIEH]XSWI[SVMWWI[MRK
6IH 8LIQEGLMRIGERRSXWI[
3VERKI 8LIQEGLMRIMW[MRHMRKXLIFSFFMRXLVIEHSV
XLIFSFFMR[MRHIVWLEJXMWQSZIHXSXLIVMKLX
WMHI
F
GH I
E
2SXI
d 8LISTIVEXMSROI]WSJXLMWQEGLMRIEVIGETEGMXMZIXSYGL
WIRWSVW3TIVEXIXLIOI]WF]HMVIGXP]XSYGLMRKXLIQ
[MXL]SYVJMRKIV
8LIVIWTSRWISJXLIOI]WZEVMIWEGGSVHMRKXSXLIYWIV
8LITVIWWYVII\IVXIHSRXLIOI]WHSIWRSXEJJIGXXLI
VIWTSRWISJXLIOI]W
d 7MRGIXLISTIVEXMSROI]WVIEGXHMJJIVIRXP]HITIRHMRKSR
XLIYWIVEHNYWXXLIWIXXMRKJSVq%HNYWXMRKMRTYX
WIRWMXMZMX]JSVSTIVEXMSROI]WrSRTEKI 
d ;LIRYWMRKERIPIGXVSWXEXMGXSYGLTIRQEOIWYVIXLEX
MXWTSMRXMWQQSVQSVI(SRSXYWIEXSYGLTIR[MXLE
XLMRTSMRXSVEYRMUYIWLETI
M

2EQIWSJ1EGLMRI4EVXW


-RGPYHIHEGGIWWSVMIW
-RGPYHIHEGGIWWSVMIWQE]HMJJIVJVSQXLIXEFPIFIPS[HITIRHMRKSRXLIQEGLMRIQSHIP]SYTYVGLEWIH*SVQSVIHIXEMPWSR
MRGPYHIHEGGIWWSVMIWERHXLIMVTEVXGSHIWSJ]SYVQEGLMRIVIJIVXSXLIEHHMXMSREPWLIIXq-RGPYHIH%GGIWWSVMIWr
4YPPXLIXSTSJXLIJPEXFIHEXXEGLQIRXXSSTIRXLIEGGIWWSV]GSQTEVXQIRX
     
>MK^EKJSSXq.rSRQEGLMRI 1SRSKVEQQMRKJSSXq2r 3ZIVGEWXMRKJSSXq+r >MTTIVJSSXq-r &PMRHWXMXGLJSSXq6r &YXXSRJMXXMRKJSSXq1r
     
&YXXSRLSPIJSSXq%r )QFVSMHIV]JSSXq5r 2IIHPIWIX 8[ M R R I I H P I &SFFMR
SRQEGLMRI
4VI[SYRHFSFFMR[IMKLX
[LMXIIQFVSMHIV]FSFFMR
XLVIEH
     
&SFFMRGPMT 7IEQVMTTIV 7GMWWSVW 'PIERMRKFVYWL )]IPIXTYRGL 7GVI[HVMZIV
     
(MWGWLETIHWGVI[HVMZIV )\XVEWTSSPTMR 7TSSPGETPEVKI 7TSSPGETQIHMYQ
SRQEGLMRI
7TSSPGETWQEPP 8LVIEHWTSSPMRWIVX
QMRMOMRKXLVIEHWTSSP
    
&SFFMRGEWI
SRQEGLMRI
7TSSPRIX *SSXGSRXVSPPIV )QFVSMHIV]JVEQIWIXQIHMYQ
GQ,»GQ;MRGLIW,»MRGLIW;
%GGIWWSV]FEK
   
+VMHWLIIXWIX 3TIVEXMSR1ERYEP 5YMGO6IJIVIRGI+YMHI )QFVSMHIV](IWMKR+YMHI
 RIIHPIW
RIIHPIW
RIIHPIW&EPPTSMRXRIIHPIKSPHGSPSVIH
 RIIHPI
2SXI
d *SV97%SRP]*SSXGSRXVSPPIV1SHIP8
8LMWJSSXGSRXVSPPIVGERFIYWIHSRXLIQEGLMRI[MXLTVSHYGXGSHI11118LITVSHYGXGSHIMW
QIRXMSRIHSRXLIQEGLMRIVEXMRKTPEXI
JNGIRMM
A

2EQIWSJ1EGLMRI4EVXW

3TXMSREPEGGIWWSVMIW
8LIJSPPS[MRKEVIEZEMPEFPIEWSTXMSREPEGGIWWSVMIWXSFI
TYVGLEWIHWITEVEXIP]
 'SRXEGX]SYVEYXLSVM^IH&VSXLIVHIEPIV
 &]GLERKMRKXLIEXXEGLMRKTSWMXMSRSJXLIJVEQIGQ»GQ
MRGLIW»MRGLIWEVIEGERFIIQFVSMHIVIH[MXLSYX
LSSTMRKXLIJEFVMGEKEMR8LIIQFVSMHIV]EVIEMWGQ»GQ
MRGLIW»MRGLIW
  
  
  



  
2S 4EVX2EQI
4EVX'SHI
%QIVMGEW )YVSTI 3XLIVW
 *VIIQSXMSRSTIR
XSIUYMPXMRKJSSX
q3r
7% *
<)
*
*'2
 5YMPXMRKJSSX 7% *2
<'
*2
 ;EPOMRKJSSX 7% *2
<+
*2
*'2
 4MIGMRKJSSX
[MXLKYMHI
7% *
<'
*
 5YMPXMRKKYMHI 7% *2
<'
*2
*'2
 7MHIGYXXIVq7r 7% *
<'
*
*'2
 2SRWXMGOJSSX 7% *2
<'
*2
*'2
 6SPPIVJSSX 7% *
<+
*
*'2
 ;MHIXEFPI  ;8
<+
;8%4
 'MVGYPEV
EXXEGLQIRX
7%'-6'
7%'-6''
'-6'
<+
'-6'
'-6''2
 )QFVSMHIV]JVEQI
WIXPEVKI
GQ,»GQ
;MRGLIW
,»MRGLIW;
7% )*
<*
)*
)*'2
 )QFVSMHIV]JVEQI
WIXWQEPP
GQ,»GQ
;MRGL,»
MRGLIW;
7% )*
<*
)*
)*'2
 7XEFMPM^IVQEXIVMEP
JSVIQFVSMHIV]
7% &1
<+
&1
&1'2
 ;EXIVWSPYFPI
WXEFMPM^IV
7% &1
<+
&1
&1'2
 )QFVSMHIV]
FSFFMRXLVIEH
[IMKLX[LMXI
FPEGO
7%)&8
[LMXI
7%)&8
FPEGO
)&8')2
[LMXI
<
)&8')&2
FPEGO
<+
)&8')2
[LMXI
)&8')&2
FPEGO
1IQS
d 8SSFXEMRSTXMSREPEGGIWWSVMIWSVTEVXWGSRXEGX]SYV
EYXLSVM^IH&VSXLIVHIEPIVSVZMWMXSYVWMXILXXT
WFVSXLIVGTNEE
d %PPWTIGMJMGEXMSRWEVIGSVVIGXEXXLIXMQISJTVMRXMRK
4PIEWIFIE[EVIXLEXWSQIWTIGMJMGEXMSRWQE]GLERKI
[MXLSYXRSXMGI
d %ZEVMIX]SJJIIXEVIEZEMPEFPIXSIREFPIHMJJIVIRXX]TIWSJ
WXMXGLMRKERHJMRMWLIW:MWMX]SYVRIEVIWXEYXLSVM^IH
&VSXLIVHIEPIVSVSYVWMXILXXTWFVSXLIVGTNEEJSVE
GSQTPIXIPMWXMRKSJSTXMSREPEGGIWWSVMIWEZEMPEFPIJSV
]SYVQEGLMRI
d %P[E]WYWIEGGIWWSVMIWVIGSQQIRHIHJSVXLMW
QEGLMRI

8YVRMRKXLI1EGLMRI3R3JJ


a1EOIWYVIXLEXXLIQEGLMRIMWXYVRIHSJJXLIQEMR
TS[IVW[MXGLMWWIXXSq rERHXLIRTPYKXLITS[IV
GSVHMRXSXLITS[IVWYTTP]NEGOSRXLIVMKLXWMHISJXLI
QEGLMRI
b-RWIVXXLITPYKSJXLITS[IVGSVHMRXSELSYWILSPH
IPIGXVMGEPSYXPIX
4S[IVWYTTP]NEGO
1EMRTS[IVW[MXGL
c4VIWWXLIVMKLXWMHISJXLIQEMRTS[IVW[MXGLSRXLI
VMKLXWMHISJXLIQEGLMRIXSXYVRXLIQEGLMRISRWIXMX
XSq-r
8LIPMKLX0'(ERHXLIq7XEVX7XSTrFYXXSRPMKLXYT
[LIRXLIQEGLMRIMWXYVRIHSR8LIRIIHPIERHXLI
JIIHHSKW[MPPQEOIEWSYRH[LIRXLI]QSZIXLMWMW
RSXEQEPJYRGXMSR
d;LIRXLIQEGLMRIMWXYVRIHSRXLISTIRMRKQSZMIMW
TPE]IH4VIWWER][LIVISRXLIWGVIIR
e8SXYVRSJJXLIQEGLMRITVIWWXLIPIJXWMHISJXLIQEMR
TS[IVW[MXGLWIXMXXSq r
8YVRMRKXLI1EGLMRI3R3JJ
;%62-2
+
d 9WISRP]VIKYPEVLSYWILSPHIPIGXVMGMX]JSVXLI
TS[IVWSYVGI9WMRKSXLIVTS[IVWSYVGIWQE]
VIWYPXMRJMVIIPIGXVMGWLSGOSVHEQEKIXSXLI
QEGLMRI
d 1EOIWYVIXLEXXLITPYKWSRXLITS[IVGSVH
EVIJMVQP]MRWIVXIHMRXSXLIIPIGXVMGEPSYXPIX
ERHXLITS[IVGSVHVIGITXEGPISRXLI
QEGLMRI3XLIV[MWIEJMVISVIPIGXVMGWLSGO
QE]VIWYPX
d (SRSXMRWIVXXLITPYKSRXLITS[IVGSVHMRXS
ERIPIGXVMGEPSYXPIXXLEXMWMRTSSVGSRHMXMSR
d 8YVRXLIQEMRTS[IVXS3**ERHVIQSZIXLI
TPYKMRXLIJSPPS[MRKGMVGYQWXERGIW
d ;LIR]SYEVIE[E]JVSQXLIQEGLMRI
d %JXIVYWMRKXLIQEGLMRI
d ;LIRXLITS[IVJEMPWHYVMRKYWI
d ;LIRXLIQEGLMRIHSIWRSXSTIVEXIGSVVIGXP]
HYIXSEFEHGSRRIGXMSRSVEHMWGSRRIGXMSR
d (YVMRKIPIGXVMGEPWXSVQW
'%98-3
2
d 9WISRP]XLITS[IVGSVHMRGPYHIH[MXLXLMW
QEGLMRI
d (SRSXYWII\XIRWMSRGSVHWSVQYPXMTPYK
EHETXIVW[MXLER]SXLIVETTPMERGIWTPYKKIH
MRXSXLIQ*MVISVIPIGXVMGWLSGOQE]VIWYPX
d (SRSXXSYGLXLITPYK[MXL[IXLERHW)PIGXVMG
WLSGOQE]VIWYPX
d ;LIRYRTPYKKMRKXLIQEGLMRIEP[E]WXYVR
XLIQEMRTS[IVXS3**JMVWX%P[E]WKVEWTXLI
TPYKXSVIQSZIMXJVSQXLIIPIGXVMGEPSYXPIX
4YPPMRKSRXLIGSVHQE]HEQEKIXLIGSVHSV
PIEHXSJMVISVIPIGXVMGWLSGO
d (SRSXEPPS[XLITS[IVGSVHXSFIGYX
HEQEKIHQSHMJMIHJSVGIJYPP]FIRXTYPPIH
X[MWXIHSVFYRHPIH(SRSXTPEGILIEZ]
SFNIGXWSRXLIGSVH(SRSXWYFNIGXXLIGSVHXS
LIEX8LIWIXLMRKWQE]HEQEKIXLIGSVHSV
GEYWIJMVISVIPIGXVMGWLSGO-JXLIGSVHSVTPYK
MWHEQEKIHXEOIXLIQEGLMRIXS]SYV
EYXLSVM^IH&VSXLIVHIEPIVJSVVITEMVWFIJSVI
GSRXMRYMRKYWI
d 9RTPYKXLITS[IVGSVHMJXLIQEGLMRIMWRSXXS
FIYWIHJSVEPSRKTIVMSHSJXMQI3XLIV[MWIE
JMVIQE]VIWYPX
d*SV97%SRP]
8LMWETTPMERGILEWETSPEVM^IHTPYKSRIFPEHI
[MHIVXLERXLISXLIV8SVIHYGIXLIVMWOSJ
IPIGXVMGEPWLSGOXLMWTPYKMWMRXIRHIHXSJMXMRE
TSPEVM^IHIPIGXVMGEPSYXPIXSRP]SRI[E]
-JXLITPYKHSIWRSXJMXJYPP]MRXLIIPIGXVMGEP
SYXPIXVIZIVWIXLITPYK-JMXWXMPPHSIWRSXJMX
GSRXEGXEUYEPMJMIHIPIGXVMGMERXSMRWXEPPXLI
TVSTIVIPIGXVMGEPSYXPIX(SRSXQSHMJ]XLI
TPYKMRER][E]
2SXI
d ;LIR]SYJMVWXXYVRSRXLIQEGLMRIWIPIGXXLIPERKYEKI
SJ]SYVGLSMGI



0'(3TIVEXMSR

:MI[MRKXLI0'(
4VIWWEOI][MXL]SYVJMRKIVXSWIPIGXXLIWXMXGLTEXXIVRXSWIPIGXEQEGLMRIJYRGXMSRSVXSWIPIGXERSTIVEXMSRMRHMGEXIHSRXLI
OI]8LIWGVIIRFIPS[ETTIEVW[LIR]SYTVIWW SRXLISTIVEXMSRTERIP
0'(3TIVEXMSR
9XMPMX]WXMXGL
'LEVEGXIV(IGSVEXMZIWXMXGL
9XMPMX]WXMXGLWGVIIR 9XMPMX]WXMXGLIHMXMRKWGVIIR
'LEVEGXIV(IGSVEXMZIWXMXGLWGVIIR 'LEVEGXIV(IGSVEXMZIWXMXGLIHMXMRK
WGVIIR
2SXI
d 7SQIIHMXMRKJYRGXMSRWGERRSXFIYWIH[MXLGIVXEMRWXMXGLTEXXIVRW3RP]XLIJYRGXMSRWJSVXLIHMWTPE]IHOI]WEVI
EZEMPEFPI[LIREWXMXGLTEXXIVRMWWIPIGXIH
2S (MWTPE] /I]2EQI )\TPEREXMSR 4EKI
i 7XMXGLIW 4VIWWXLIOI]JSVXLIWXMXGL]SY[ERXXSWI[ 
7XMXGLTEXXIVRHMWTPE]WM^I 7LS[WXLIETTVS\MQEXIWM^ISJXLIWXMXGLTEXXIVRWIPIGXIH
2IEVP]XLIWEQIWM^IEWXLIWI[RWXMXGLTEXXIVR
XLIWM^ISJXLIWI[RWXMXGLTEXXIVR
XLIWM^ISJXLIWI[RWXMXGLTEXXIVR
i
i 7XMXGLTVIZMI[ 7LS[WETVIZMI[SJXLIWIPIGXIHWXMXGL i
4VIWWIVJSSX 7LS[WTVIWWIVJSSXXSFIYWIH&IJSVIWI[MRKMRWXEPPXLITVIWWIVJSSXMRHMGEXIHLIVI 
>MK^EKJSSXq.r &PMRHWXMXGLJSSXq6r
1SRSKVEQQMRKJSSXq2r &YXXSRJMXXMRKJSSXq1r
3ZIVGEWXMRKJSSXq+r 7MHIGYXXIVq7r
&YXXSRLSPIJSSXq%r
8LIW]QFSPWJSVGIVXEMRTVIWWIVJIIXWYGLEW^MTTIVJSSXq-rERHXLIUYMPXMRKJSSX
QE]RSXETTIEVMRXLIWGVIIR
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0'(3TIVEXMSR


2IIHPITSWMXMSRWIXXMRK 7LS[WWMRKPISVX[MRRIIHPIQSHIWIXXMRKERHXLIRIIHPIWXSTTSWMXMSR 
7MRKPIRIIHPIHS[RTSWMXMSR 8[MRRIIHPIHS[RTSWMXMSR
7MRKPIRIIHPIYTTSWMXMSR 8[MRRIIHPIYTTSWMXMSR
7XMXGL[MHXL 7LS[WXLIWXMXGL[MHXLSJXLIGYVVIRXP]WIPIGXIHWXMXGLTEXXIVR 
7XMXGLPIRKXL 7LS[WXLIWXMXGLPIRKXLSJXLIGYVVIRXP]WIPIGXIHWXMXGLTEXXIVR 
067LMJX 7LS[WXLIXIRHIRG]SJPIJXVMKLXSJXLIGIRXIVPMRIJSVXLISVMKMREP^MK^EKWXMXGL 
1ERYEPEHNYWXQIRXOI] 4VIWWXLMWOI]XSHMWTPE]XLIEHNYWXQIRXWGVIIRSJXLIWXMXGL[MHXLWXMXGLPIRKXLERH
q067LMJXr

4EKIHMWTPE] 7LS[WEHHMXMSREPTEKIWXLEXGERFIHMWTPE]IH i
%)HMXWXMXGLW[MXGLMRKOI] 4VIWWXLMWOI]XSXSKKPIFIX[IIRXLIWXMXGLIHMXMRKWGVIIRERHXLIWXMXGLWGVIIR 
&-QEKIOI] 7LS[WETVIZMI[SJXLIWI[RMQEKI
4VIWW XSGLERKIXLIXLVIEHGSPSVMRXLIMQEKIXSVIHFPYISVFPEGO
i
'1IQSV]OI] 4VIWWXLMWOI]XSWEZIGSQFMRIHWXMXGLTEXXIVRW 
(%YXSQEXMGXLVIEHGYXXMRK
OI]
4VIWWXLMWOI]XSWIXXLIEYXSQEXMGXLVIEHGYXXMRKJYRGXMSR 
)%YXSQEXMGVIZIVWI
VIMRJSVGIQIRXOI]
4VIWWXLMWOI]XSYWIXLIEYXSQEXMGVIZIVWIVIMRJSVGIQIRXWXMXGLJYRGXMSR 
*7MRKPIVITIEXWI[MRKOI] 4VIWWXLMWOI]XSGLSSWIWMRKPIWXMXGLTEXXIVRSVGSRXMRYSYWWXMXGLTEXXIVRW
(ITIRHMRKSRXLIWIPIGXIHWXMXGLXLMWOI]QE]FIHMWEFPIH8SJMRMWLEGSQTPIXI
QSXMJ[LMPIWI[MRKXLIWXMXGLTEXXIVRGSRXMRYSYWP]]SYGERTVIWWXLMWOI][LMPI
WI[MRK8LIQEGLMRI[MPPEYXSQEXMGEPP]WXST[LIRXLIQSXMJMWJMRMWLIH
i
+&EGOXSFIKMRRMRKOI] ;LIRWI[MRKMWWXSTTIHTVIWWXLMWOI]XSVIXYVRXSXLIFIKMRRMRKSJXLIWXMXGL
TEXXIVR
i
,1MVVSVMQEKIOI] %JXIVWIPIGXMRKXLIWXMXGLTEXXIVRYWIXLMWOI]XSGVIEXIELSVM^SRXEPQMVVSVMQEKISJ
XLIWXMXGLTEXXIVR
i
-7M^IWIPIGXMSROI] 9WIXLMWOI]XSWIPIGXXLIWM^ISJXLIGLEVEGXIVWXMXGLPEVKIWQEPP i
.7SQISJXLIJSPPS[MRKOI]W[MPPETTIEVHITIRHMRKSRXLIWIPIGXIHWXMXGLTEXXIVR
)PSRKEXMSROI] ;LIRWEXMRWXMXGLTEXXIVRW EVIWIPIGXIHTVIWWXLMWOI]XSGLSSWIJVSQ
EYXSQEXMGPIRKXLWIXXMRKW[MXLSYXGLERKMRKXLIWXMXGL^MK^EK[MHXLSVWXMXGLPIRKXL
WIXXMRKW
i
8LVIEHHIRWMX]OI] %JXIVWIPIGXMRKXLIHIGSVEXMZIWEXMRWXMXGLTEXXIVR YWIXLMWOI]XSGLERKIXLI
XLVIEHHIRWMX]SJXLIWXMXGLTEXXIVR
0S[HIRWMX] ,MKLHIRWMX]
-JXLIWXMXGLIWFYRGL[LIRXLVIEHHIRWMX]MWGLERKIHXS VIXYVRXLIXLVIEH
HIRWMX]XS -J]SYGSRXMRYIWI[MRK[LIRXLIWXMXGLIWEVIFYRGLIHXLIRIIHPI
QE]FIRHSVFVIEO
i
'LEVEGXIVWTEGMRKOI] 4VIWWXLMWOI]XSGLERKIXLIWTEGMRKSJGLEVEGXIVWXMXGLTEXXIVRW
7TEGMRKGLERKIWEVIZEPMHRSXSRP][LMPIIRXIVMRKGLEVEGXIVWFYXEPWSFIJSVIERH
EJXIVXLIIRXIVMRKSJGLEVEGXIVW
i
/(IPIXIOI] 4VIWWXLMWOI]XSHIPIXIXLIWIPIGXIHWXMXGLTEXXIVR;LIR]SYQEOIEQMWXEOIMR
GSQFMRMRKWXMXGLTEXXIVRWYWIXLMWOI]XSHIPIXIWXMXGLTEXXIVRW
i
2S (MWTPE] /I]2EQI )\TPEREXMSR 4EKI

0'(3TIVEXMSR

7IXXMRKWWGVIIR
4VIWW XSGLERKIXLIHIJEYPXQEGLMRIWIXXMRKWRIIHPIWXST
TSWMXMSRSTIRMRKHMWTPE]IXG4VIWW SV EJXIV]SY
GLERKIHRIGIWWEV]WIXXMRKW
7I[MRKWIXXMRKW
7IPIGX[LIXLIVXSYWIXLIWI[MRKWTIIHGSRXVSPPIVXS
HIXIVQMRIXLI^MK^EK[MHXLTEKI
1EOIEHNYWXQIRXWXSGLEVEGXIVSVHIGSVEXMZIWXMXGL
TEXXIVRWTEKI
7IXXS?32A[LIRYWMRKX[MRRIIHPITEKI
7IPIGXIMXLIVq7XVEMKLXWXMXGL0IJXrSVq7XVEMKLX
WXMXGL1MHHPIrEWXLIYXMPMX]WXMXGLXLEXMWEYXSQEXMGEPP]
WIPIGXIH[LIRXLIQEGLMRIMWXYVRIHSR
)QFVSMHIV]WIXXMRKW
7IPIGXXLIIQFVSMHIV]JVEQIXSFIYWIH
7IPIGXXLIGIRXIVQEVOERHKVMHPMRIWXLEXEVIHMWTPE]IH
;LIRWIXXS?32AXLIIQFVSMHIV]TEXXIVRGERFI
WIPIGXIHEGGSVHMRKXSXLIIQFVSMHIV]JVEQIWM^IXLEX]SY
LEZIWIPIGXIHMRRYQFIVTEKI 
'LERKIXLIXLVIEHGSPSVHMWTPE]SRXLIq)QFVSMHIV]r
WGVIIRXLVIEHRYQFIVGSPSVREQITEKI 
;LIRXLIXLVIEHRYQFIV?AMWWIPIGXIHWIPIGXJVSQ
XLVIEHFVERHWTEKI 
'LERKIXLIHMWTPE]YRMXWQQMRGL
%4VIWWXSWTIGMJ]XLIWM^ISJTEXXIVRXLYQFREMPW
&'LERKIXLIGSPSVSJXLIFEGOKVSYRHJSVXLIIQFVSMHIV]
HMWTPE]EVIE
''LERKIXLIGSPSVSJXLIFEGOKVSYRHJSVXLIXLYQFREMP
EVIE
+IRIVEPWIXXMRKW
(7IPIGXXLIRIIHPIWXSTTSWMXMSRXLIRIIHPITSWMXMSRJSV
[LIRXLIQEGLMRIMWRSXFIMRKSTIVEXIHXSFIYTSV
HS[R
)7IPIGX[LIXLIVXSLIEVXLIFIITSTIVEXMSRWSYRH
*7IPIGX[LIXLIVXSHMWTPE]XLISTIRMRKWGVIIR[LIRXLI
QEGLMRIMWXYVRIHSR
+7IPIGXXLIHMWTPE]PERKYEKI
,7IPIGX[LIXLIVXSXYVRSRXLIPMKLXJSVXLIRIIHPIEVIE
ERH[SVOEVIE
-7IPIGXXLIPIZIPSJXLIMRTYXWIRWMXMZMX]JSVSTIVEXMSROI]W
TEKI 
.(MWTPE]XLIWIVZMGIGSYRX[LMGLMWEVIQMRHIVXSXEOI
]SYVQEGLMRIMRJSVVIKYPEVWIVZMGMRK'SRXEGX]SYV
EYXLSVM^IH&VSXLIVHIEPIVJSVHIXEMPW
/(MWTPE]XLIXSXEPRYQFIVSJWXMXGLIWWI[RSRXLMW
QEGLMRI
08LI?2SAMWXLIMRXIVREPQEGLMRIRYQFIVJSV]SYV
QEGLMRI
1(MWTPE]XLITVSKVEQZIVWMSRMRWXEPPIHSR]SYVQEGLMRI
1IQS
d =SYGERWEZIXLIGYVVIRXWIXXMRKWWGVIIRMQEKIMRE
97&JPEWLHVMZIF]TVIWWMRK [LIRXLI97&JPEWL
HVMZIMWMRWIVXIHMRXSXLI97&TSVX8LIJMPIWEVIWEZIHMR
EJSPHIVPEFIPIHqF4SGOIXr





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
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(
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*
+
,
-
.
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1
0

;MRHMRK-RWXEPPMRKXLI&SFFMR


%HNYWXMRKMRTYXWIRWMXMZMX]JSVSTIVEXMSROI]W
=SYGEREHNYWXXLIWIRWMXMZMX]SJXLISTIVEXMSROI]WXSPIZIPW
(MWTPE]XLIWIXXMRKWWGVIIRXSWIXHIWMVIHPIZIP
a4VIWW XSHMWTPE]XLIWIXXMRKWWGVIIR
b(MWTPE]TEKIF]TVIWWMRK  
c4VIWW?7XEVXA
8LIEHNYWXMRKWGVIIRMWHMWTPE]IH
d%HNYWXXLI?-RTYX7IRWMXMZMX]AF]TVIWWMRK  
d 8LILMKLIVXLIWIXXMRKXLIQSVIWIRWMXMZIXLIOI]W
[MPPFI8LIHIJEYPXWIXXMRKMW?A
d ;IVIGSQQIRHWIPIGXMRKXLILMKLIWXWIXXMRKMJER
IPIGXVSWXEXMGXSYGLTIRMWFIMRKYWIH
d ;LMPIEHNYWXMRKXLIMRTYXWIRWMXMZMX]TVIWW XS
GLIGO[LIXLIVXLIOI]VIWTSRHW
;LIRXLIOI]VIWTSRHWXLIWIXXMRKZEPYIMRHMGEXMRK
XLIWIRWMXMZMX]FPMROW
e4VIWW XSVIXYVRXSTVIZMSYWWGVIIR
-JXLIQEGLMRIHSIWRSXVIWTSRH[LIRER
STIVEXMSROI]MWTVIWWIH
8YVRQEGLMRISJJXLIRLSPHHS[R 8LVIEHGYXXIV
FYXXSRERHXYVRSRXLIQEGLMRIXSVIWIX?-RTYX
7IRWMXMZMX]A(MWTPE]XLIWIXXMRKWWGVIIRERHXLIREHNYWX
XLI?-RTYX7IRWMXMZMX]AEKEMR
;MRHMRKXLIFSFFMR
8LMWWIGXMSRHIWGVMFIWLS[XS[MRHXLVIEHSRXSEFSFFMR
a4PEGIXLIFSFFMRSRXLIFSFFMR[MRHIVWLEJXWSXLEXXLI
RSXGLMRXLIFSFFMREPMKRW[MXLXLIWTVMRKSRXLIWLEJX
ERHXLIRWPMHIXLIFSFFMR[MRHIVWLEJXXSXLIVMKLXYRXMP
MXWRETWMRXSTPEGI
d 8LIq7XEVX7XSTrFYXXSRPMKLXWYTMRSVERKI
b6IQSZIXLIWTSSPGETERHTPEGIXLIWTSSPSJXLVIEHJSV
XLIFSFFMRSRXSXLIWTSSPTMR
7PMHIXLIWTSSPSRXSXLIWTSSPTMRWSXLEXXLIXLVIEH
YR[MRHWXSXLIJVSRXJVSQXLIFSXXSQ3XLIV[MWIXLI
XLVIEHQE]FIGSQIXERKPIHEVSYRHXLIWTSSPTMR
8LIXLVIEHYR[MRHWXSXLIJVSRXJVSQXLIFSXXSQ
;MRHMRK-RWXEPPMRKXLI&SFFMR
'%98-3
2
d 3RP]YWIXLITPEWXMGFSFFMRXLEXGSQIW[MXL
XLMWQEGLMRISVFSFFMRWSJXLIWEQIX]TI
7%7*&<%7*&8LIFSFFMRW
LIMKLXMWQQETTVS\MRGL9WMRK
SXLIVFSFFMRWQE]GEYWIHEQEKIXSXLI
QEGLMRI7%MW'PEWWX]TIFSFFMR
1IQS
d ;LIR[MRHMRKXLIFSFFMRJSVWI[MRKYXMPMX]WXMXGLIWYWI
XLVIEHETTVSTVMEXIJSVXLIJEFVMGXLEX]SY[MWLXSWI[
TEKI2SVQEPP]XLIXLVIEH[MPPFIXLIWEQIEW[LEX
MWYWIHJSVXLIYTTIVXLVIEHMRK
d ;LIR[MRHMRKFSFFMRJSVIQFVSMHIV]FIWYVIXSYWIXLI
VIGSQQIRHIH[IMKLXIQFVSMHIV]FSFFMRXLVIEHJSV
XLMWQEGLMRI
2SXGL
&SFFMR[MRHIV
WLEJXWTVMRK




;MRHMRK-RWXEPPMRKXLI&SFFMR

c7PMHIXLIWTSSPGETSRXSXLIWTSSPTMR
7PMHIXLIWTSSPGETEWJEVEWTSWWMFPIXSXLIVMKLXEW
WLS[R[MXLXLIVSYRHIHWMHISRXLIPIJX
d4EWWXLIXLVIEHYRHIVXLIXLVIEHKYMHIXLIRYRHIVXLI
XLVIEHKYMHIGSZIVERHXSXLIJVSRX
8LVIEHKYMHI
8LVIEHKYMHIGSZIV
'%98-3
2
d -JXLIWTSSPSVXLIWTSSPGETMWRSXMRWXEPPIH
GSVVIGXP]XLIXLVIEHQE]FIGSQIXERKPIH
EVSYRHXLIWTSSPTMRGEYWMRKXLIRIIHPIXS
FVIEO
d 8LVIIWTSSPGETWM^IWEVIEZEMPEFPIEPPS[MRK
]SYXSGLSSWIEWTSSPGETXLEXFIWXJMXWXLIWM^I
SJWTSSPFIMRKYWIH-JXLIWTSSPGETMWXSS
WQEPPJSVXLIWTSSPFIMRKYWIHXLIXLVIEHQE]
GEXGLSRXLIWPMXMRXLIWTSSPSVXLIQEGLMRI
QE]FIHEQEKIH;LIRYWMRKQMRMOMRKXLVIEH
WTSSPYWIXLIXLVIEHWTSSPMRWIVXQMRMOMRK
XLVIEHWTSSP
*SVHIXEMPWSRXLVIEHWTSSPMRWIVXQMRMOMRK
XLVIEHWTSSPVIJIVXSq1IQSrSRTEKI 
1IQS
d ;LIRYWMRKXLIWTSSPEWWLS[RFIPS[YWIXLIWQEPP
WTSSPGETERHPIEZIEWQEPPWTEGIFIX[IIRXLIGET
ERHXLIWTSSP
d ;LIRYWMRKXLVIEHXLEX[MRHWSJJUYMGOP]WYGLEW
XVERWTEVIRXR]PSRXLVIEHSVQIXEPPMGXLVIEHTPEGIXLI
WTSSPRIXSZIVXLIWTSSPFIJSVITPEGMRKXLIWTSSPSJ
XLVIEHSRXSXLIWTSSPTMR
-JXLIWTSSPRIXMWXSSPSRKJSPHMXXSJMXXLIWM^ISJXLI
WTSSP
d -JEWTSSPSJXLVIEH[LSWIGSVIMWQQMRGLMR
HMEQIXIVERHQQMRGLIWLMKLMWMRWIVXIHSRXSXLI
WTSSPTMRYWIXLIXLVIEHWTSSPMRWIVXQMRMOMRKXLVIEH
WTSSP
7TSSPGETWQEPP
7TSSPGVSWW[SYRH
XLVIEH
7TEGI



8LVIEHWTSSPMRWIVXQMRM
OMRKXLVIEHWTSSP
QQMRGL
QQMRGLIW


E

;MRHMRK-RWXEPPMRKXLI&SFFMR


e4EWWXLIXLVIEHYRHIVXLILSSOSRXLIFSFFMR[MRHMRK
XLVIEHKYMHIERHXLIR[MRHMXGSYRXIVGPSGO[MWIYRHIV
XLITVIXIRWMSRHMWO
&SFFMR[MRHMRKXLVIEHKYMHI
4VIXIRWMSRHMWO
4YPPMXMREWJEVEWTSWWMFPI
f;MRHXLIXLVIEHGPSGO[MWIEVSYRHXLIFSFFMRSV
XMQIWTEWWXLIXLVIEHXLVSYKLXLIKYMHIWPMXMRXLI
FSFFMR[MRHIVWIEXERHXLIRTYPPXLIXLVIEHXSGYXMX
+YMHIWPMXMRFSFFMR[MRHIVWIEX
[MXLFYMPXMRGYXXIV
g7PMHIXLIWI[MRKWTIIHGSRXVSPPIVXSEHNYWXXLIFSFFMR
[MRHMRKWTIIH7PMHIXLIGSRXVSPPIVXSXLIVMKLXXS
MRGVIEWIXLIWTIIHWPMHIMXXSXLIPIJXXSVIHYGIXLI
WTIIH
h8YVRSRXLIQEGLMRI
i4VIWWXLIq7XEVX7XSTrFYXXSRSRGIXSWXEVX[MRHMRKXLI
FSFFMR
;LIRXLIJSSXGSRXVSPPIVMWTPYKKIHMRTVIWWHS[RSR
XLIJSSXGSRXVSPPIV
j;LIRXLIFSFFMR[MRHMRKFIGSQIWWPS[TVIWWXLI
q7XEVX7XSTrFYXXSRSRGIXSWXSTXLIQEGLMRI
;LIRXLIJSSXGSRXVSPPIVMWTPYKKIHMRVIQSZI]SYV
JSSXJVSQXLIJSSXGSRXVSPPIV
k'YXXLIXLVIEHWPMHIXLIFSFFMR[MRHIVWLEJXXSXLIPIJX
YRXMPMXWRETWMRXSTPEGIERHXLIRVIQSZIXLIFSFFMR
l7PMHIXLIWI[MRKWTIIHGSRXVSPPIVXSHIWMVIHWI[MRK
WTIIHTSWMXMSR
m6IQSZIXLIWTSSPJSVXLIFSFFMRXLVIEHJVSQXLIWTSSP
TMR
2SXI
d 1EOIWYVIXLEXXLIXLVIEHMWTEWWIHYRHIVXLI
TVIXIRWMSRHMWO
2SXI
d &IWYVIXS[MRHXLIXLVIEHGPSGO[MWIEVSYRHXLI
FSFFMRSXLIV[MWIXLIXLVIEH[MPPFIGSQI[VETTIH
EVSYRHXLIFSFFMR[MRHIVWLEJX
'%98-3
2
d &IWYVIXSGYXXLIXLVIEHEWHIWGVMFIH-JXLI
FSFFMRMW[SYRH[MXLSYXGYXXMRKXLIXLVIEH
YWMRKXLIGYXXIVFYMPXMRXSXLIKYMHIWPMXMRXLI
FSFFMR[MRHIVWIEXXLIXLVIEHQE]FIGSQI
XERKPIHMRXLIFSFFMRSVXLIRIIHPIQE]FIRH
SVFVIEO[LIRXLIFSFFMRXLVIEHWXEVXWXSVYR
SYX
1IQS
d ;IVIGSQQIRH[MRHMRKWXVIXGLXLVIEHWYGLEW
XVERWTEVIRXR]PSRXLVIEHEXEPS[WTIIHWMRGIXLI
XLVIEHQE]WXVIXGL



E
2SXI
d ;LIR[MRHMRKXVERWTEVIRXR]PSRXLVIEHSRXLIFSFFMR
WXSTFSFFMR[MRHMRK[LIRXLIFSFFMRMWXSJYPP-J
XLIFSFFMR[EWJYPP][SYRH[MXLXVERWTEVIRXR]PSR
XLVIEHMXQE]RSXFI[SYRHRIEXP]SVWI[MRK
TIVJSVQERGIQE]WYJJIV-REHHMXMSRI\XVIQITVIWWYVI
QE]FIETTPMIHXSXLIFSFFMRMXQE]RSXFITSWWMFPIXS
VIQSZIXLIFSFFMRJVSQXLIFSFFMR[MRHIVWLEJXSVXLI
FSFFMRQE]FVIEO
'%98-3
2
d ;LIRXLIFSFFMR[MRHMRKFIGSQIWWPS[WXST
XLIQEGLMRISXLIV[MWIXLIQEGLMRIQE]FI
HEQEKIH

;MRHMRK-RWXEPPMRKXLI&SFFMR

-RWXEPPMRKXLIFSFFMR
-RWXEPPXLIFSFFMR[SYRH[MXLXLVIEH
=SYGERFIKMRWI[MRKMQQIHMEXIP][MXLSYXTYPPMRKYTXLI
FSFFMRXLVIEHF]WMQTP]MRWIVXMRKXLIFSFFMRMRXLIFSFFMR
GEWIERHKYMHMRKXLIXLVIEHXLVSYKLXLIWPMXMRXLIRIIHPI
TPEXIGSZIV
a8YVRSRXLIQEGLMRI
b4VIWW 2IIHPITSWMXMSRFYXXSRSRGISVX[MGIXS
VEMWIXLIRIIHPI
c4VIWW 
8LIWGVIIRGLERKIWERHEPPOI]WERHSTIVEXMSR
FYXXSRWEVIPSGOIHI\GITX 
d6EMWIXLITVIWWIVJSSXPIZIV
e7PMHIXLIFSFFMRGSZIVPEXGLXSXLIVMKLXERHVIQSZI
XLIFSFFMRGSZIV
f-RWIVXXLIFSFFMRMRXSXLIFSFFMRGEWIWSXLEXXLI
XLVIEHYR[MRHWXSXLIPIJX
g0MKLXP]LSPHHS[RXLIFSFFMR[MXL]SYVVMKLXLERH
1ERHXLIRKYMHIXLIIRHSJXLIXLVIEHEVSYRHXLI
XEFSJXLIRIIHPITPEXIGSZIV[MXL]SYVPIJXLERH2
h;LMPIPMKLXP]LSPHMRKHS[RXLIFSFFMR[MXL]SYVVMKLX
LERH1KYMHIXLIXLVIEHXLVSYKLXLIWPMXMRXLI
RIIHPITPEXIGSZIV2ERHPMKLXP]TYPPMX[MXL]SYVPIJX
LERH3
1IQS
d -JXLIXLVIEHW[MPPFITYPPIHXSGVIEXIKEXLIVWSVXLI
XLVIEHEXXLIFIKMRRMRKSJWI[MRK[MPPFIJMRMWLIHJSV
I\EQTPI[LIRJVIIQSXMSRUYMPXMRKJMVWXTYPPYTXLI
FSFFMRXLVIEH
*SVHIXEMPWVIJIVXSq4YPPMRKYTXLIFSFFMRXLVIEHrSR
TEKI 
'%98-3
2
d 9WIEFSFFMRXLEXLEWFIIRGSVVIGXP][SYRH
[MXLXLVIEHSXLIV[MWIXLIRIIHPIQE]FVIEO
SVXLIXLVIEHXIRWMSR[MPPFIMRGSVVIGX
d &IJSVIMRWIVXMRKSVGLERKMRKXLIFSFFMRFI
WYVIXSTVIWW SRXLISTIVEXMSRTERIPXS
PSGOEPPOI]WERHFYXXSRWSXLIV[MWIMRNYVMIW
QE]SGGYVMJXLIq7XEVX7XSTrFYXXSRSVER]
SXLIVFYXXSRMWTVIWWIHERHXLIQEGLMRIWXEVXW
8EF
'%98-3
2
d &IWYVIXSLSPHHS[RXLIFSFFMR[MXL]SYV
JMRKIVERHYR[MRHXLIFSFFMRXLVIEH
GSVVIGXP]SXLIV[MWIXLIXLVIEHQE]FVIEOSV
XLIXLVIEHXIRWMSR[MPPFIMRGSVVIGX
1IQS
d &]KYMHMRKXLIXLVIEHEVSYRHXLIXEFSJXLIRIIHPITPEXI
GSZIVTEWWMRKXLIXLVIEHEWWLS[RF]2MRXLMW
MPPYWXVEXMSRXLIRPMKLXP]TYPPMRKXLIXLVIEHEX3XLI
XLVIEH[MPPIRXIVXLIXIRWMSRWTVMRKSJXLIFSFFMRGEWIXS
ETTP]XLIETTVSTVMEXIXIRWMSRXSXLIFSFFMRXLVIEH
HYVMRKWI[MRK

9TTIV8LVIEHMRK


i;LMPIPMKLXP]LSPHMRKHS[RXLIFSFFMR[MXL]SYVVMKLX
LERH1GSRXMRYIKYMHMRKXLIXLVIEHXLVSYKLXLIWPMX
[MXL]SYVPIJXLERH28LIRGYXXLIXLVIEH[MXLXLI
GYXXIV3
j6IEXXEGLXLIFSFFMRGSZIV
-RWIVXXLIXEFSJXLIFSFFMRGSZIVMRXSXLIRSXGLSJXLI
RIIHPITPEXIGSZIVERHXLIRPMKLXP]TVIWWHS[RSRXLI
VMKLXWMHI
k4VIWW XSYRPSGOEPPOI]WERHFYXXSRW
8LVIEHMRKXLIYTTIVXLVIEH
;LIRXLVIEHMRKXLIYTTIVXLVIEHGEVIJYPP]JSPPS[
XLIMRWXVYGXMSRW
a8YVRSRXLIQEGLMRI
b6EMWIXLITVIWWIVJSSXPIZIVXSVEMWIXLITVIWWIVJSSX
1IQS
d &IWYVIXSGSQTPIXIXLIFSFFMRXLVIEHMRKGSVVIGXP]
EGGSVHMRKXSXLIWIMRWXVYGXMSRW-JXLIXLVIEHMWWMQTP]
TPEGIHMRXLIWPMXMRXLIRIIHPITPEXIGSZIVXLIFSFFMR
XLVIEH[MPPRSXFIGSVVIGXP]XLVIEHIHVIWYPXMRKMRTSSV
WI[MRKTIVJSVQERGISVMRGSVVIGXXLVIEHXIRWMSR
1IQS
d =SYGERFIKMRWI[MRK[MXLSYXTYPPMRKYTXLIFSFFMR
XLVIEH-J]SY[MWLXSTYPPYTXLIFSFFMRXLVIEHFIJSVI
WXEVXMRKXSWI[TYPPYTXLIXLVIEHEGGSVHMRKXSXLI
TVSGIHYVIMRq4YPPMRKYTXLIFSFFMRXLVIEHrSRTEKI 
9TTIV8LVIEHMRK
'%98-3
2
d ;LIRXLVIEHMRKXLIYTTIVXLVIEHGEVIJYPP]
JSPPS[XLIMRWXVYGXMSRW-JXLIYTTIVXLVIEHMRK
MWRSXGSVVIGXXLIXLVIEHQE]FIGSQIXERKPIH
SVXLIRIIHPIQE]FIRHSVFVIEO
d 2IZIVYWIEXLVIEH[IMKLXSJSVPS[IV
d 9WIXLIRIIHPIERHXLIXLVIEHMRXLIGSVVIGX
GSQFMREXMSR*SVHIXEMPWSRXLIGSVVIGX
GSQFMREXMSRSJRIIHPIWERHXLVIEHWVIJIVXS
q*EFVMG8LVIEH2IIHPI'SQFMREXMSRWrSR
TEKI 
2SXI
d -JXLITVIWWIVJSSXMWRSXVEMWIHXLIQEGLMRIGERRSXFI
XLVIEHIH

9TTIV8LVIEHMRK

c4VIWW 2IIHPITSWMXMSRFYXXSRSRGISVX[MGIXS
VEMWIXLIRIIHPI
8LIRIIHPIMWGSVVIGXP]VEMWIH[LIRXLIQEVOSRXLI
LERH[LIIPMWEXXLIXSTEWWLS[RFIPS['LIGOXLI
LERH[LIIPERHMJXLMWQEVOMWRSXEXXLMWTSWMXMSRTVIWW 
2IIHPITSWMXMSRFYXXSRYRXMPMXMW
d6IQSZIXLIWTSSPGETERHTPEGIXLIWTSSPSJXLVIEH
SRXSXLIWTSSPTMR
7PMHIXLIWTSSPSRXSXLIWTSSPTMRWSXLEXXLIXLVIEH
YR[MRHWXSXLIJVSRXJVSQXLIFSXXSQ3XLIV[MWIXLI
XLVIEHQE]FIGSQIXERKPIHEVSYRHXLIWTSSPTMR
8LIXLVIEHYR[MRHWXSXLIJVSRXJVSQXLIFSXXSQ
e7PMHIXLIWTSSPGETSRXSXLIWTSSPTMR
7PMHIXLIWTSSPGETEWJEVEWTSWWMFPIXSXLIVMKLXEW
WLS[R[MXLXLIVSYRHIHWMHISRXLIPIJX
f4EWWXLIXLVIEHYRHIVXLIXLVIEHKYMHIXLIRYRHIVXLI
XLVIEHKYMHIGSZIVERHXSXLIJVSRX
8LVIEHKYMHI
8LVIEHKYMHIGSZIV
g4VIWW 
8LIWGVIIRGLERKIWERHEPPOI]WERHSTIVEXMSR
FYXXSRWEVIPSGOIHI\GITX 
h4EWWXLIXLVIEHXLVSYKLXLIXLVIEHGLERRIPMRXLISVHIV
WLS[RFIPS[
i1EOIWYVIXLEXXLIXLVIEHMWTEWWIHMRXSXLIXLVIEH
XEOIYTPIZIVEWWLS[RFIPS[
j7PMHIXLIXLVIEHFILMRHXLIRIIHPIFEVXLVIEHKYMHI
8LIXLVIEHGERIEWMP]FIWPMHFILMRHXLIRIIHPIFEV
XLVIEHKYMHIF]LSPHMRKXLIXLVIEHMR]SYVPIJXLERH
XLIRJIIHMRKXLIXLVIEH[MXL]SYVVMKLXLERHEWWLS[R
1EOIWYVIXLEXXLIXLVIEHMWTEWWIHXLVSYKLXSXLIPIJXSJ
XLIXEFSJXLIRIIHPIFEVXLVIEHKYMHI
'%98-3
2
d 'LSSWIEWTSSPGETXLEXFIWXJMXWXLIWM^ISJ
WTSSPFIMRKYWIH*SVQSVIMRJSVQEXMSR
VIKEVHMRKXLIGLSMGISJWTSSPGETWJSV]SYV
XLVIEHGLSMGIVIJIVXSq1IQSrSRTEKI 
d -JXLIWTSSPSVXLIWTSSPGETMWRSXTSWMXMSRIH
GSVVIGXP]XLIXLVIEHQE]FIGSQIXERKPIH
EVSYRHXLIWTSSPTMRSVXLIRIIHPIQE]FVIEO

'%98-3
2
d ;LIRXLVIEHMRKXLIRIIHPIFIWYVIXSTVIWW
SRXLISTIVEXMSRTERIPXSPSGOEPPOI]W
ERHFYXXSRWSXLIV[MWIMRNYVMIWQE]SGGYVMJ
XLIq7XEVX7XSTrFYXXSRSVER]SXLIVFYXXSRMW
TVIWWIHERHXLIQEGLMRIWXEVXW
2IIHPIFEVXLVIEH
KYMHI
8EF
E

