McCulloch SUPERLITE 4528 User manual

6 1 >_T aPc^ayb\P]dP[!!
B4 1adZbP]eXb]X]V!!#
3: 1adVbP]eXb]X]V#!%
=> 1adZbP]eXb]X]V%!'
5
8  :»hccÌ^W T'! 
34  1TSXT]d]VbP]fTXbd]V ! !
5A  <P]dT[SydcX[XbPcX^] !! #
=;  6TQadXZbPP]fX iX]V #! %
4B  <P]dP[STX]bcadRRX^]Tb %! '
?C  8]bcad¾ËTb_PaP^db^ '!!
8C  8bcadiX^]X_Ta[ydb^!!!!
44 .lVLWVHPLV}SHWXV !!!!#
;E /LH W R ÅDQDVSDPdFED !#!!%
;C 1DX GRMLP RV LLQV WUXNF LMRV !%!!'
2I 1iYRGNSRXÍ LWt !'!"
B: 1iYRGQDREVOX X "!"!
7D +DV]QiODWLXWDVtWiV "!!"#
?;  ,Q V W UX NF MD  RE V XJL "#!"%
7A 3ULUXmQLN "%!"'
AD ÉÁÅ ¹Å » ÇȹŠÆ Å
ãÁÇÆ Â É·È·Ì¿¿"'!#!
16 Ð ÁÅ ¹Å » ÇȹŠ¾·
¼ÁÇÆ ÂÅ ·È·Ì¿¶#"#!"
A> ,QVWUXF|LXQLGHXWLOL]DUH #!###"
6A ¥ÅÉȾÆ× ĀÒ½ ÓÆÖ × ####%#
10 8SXWVWYRRXSRWUHEL #%$#'#
AB 3ULUXmQLN #'$$#
B; 1DYRGLOD]DXSRUDER $$$!#
CA .XOODQÕPNÕODYX]X $!$$##
BD?4A;8 C4#$!'
4A6>;8 C4%!'

: 4H C >BH<1>;B
!} 4]V [XbW
B h \ Q^[b
F0A=8= 68]R^aaTRc^aRPaT[TbbdbT^UP
WTSVTcaX\\TaRP]cda]XcX]c^P
SP]VTa^dbc^^[cWPcRP]RPdbTbTaX^db^a
TeT]UPcP[X] dah8cXbTgcaT\T[hX\_^acP]c
cWPch^daTPSP]Sd]STabcP]ScWT
R^]cT]cb^UcWXb^_TaPc^ayb\P]dP[
?[TPbTaTPScWT^_TaPc^ayb\P]dP[
RPaTUd[[hP]S\PZTbdaTh^d
d]STabcP]ScWTX]bcadRcX^]bQTU^aT
dbX]VcWT\PRWX]T
0[fPhbfTPa)
| 0__a^eTSWTPaX]V_a^cTRcX^]
| 0__a^eTSThT_a^cTRcX^]
CWXb_a^SdRcXbX]PRR^aSP]RTfXcW
P__[XRPQ[T42SXaTRcXeTb
0[fPhbfTPaP__a^eTS_a^cTRcXeT
V[^eTb
FTPabcdaSh]^]b[X_Q^^cb^abW^Tb
=^XbTT\XbbX^]c^cWTT]eXa^]\T]c
PRR^aSX]Vc^cWT4da^_TP]
2^\\d]Xchyb3XaTRcXeTCWT\PRWX]Tyb
T\XbbX^]Xbb_TRXTSX]RWP_cTa
CTRW]XRP[SPcPP]S^][PQT[
8 V XcX^ *RW^ZT) BTccWTRW^ZTR^]ca^[
X]cWTRW^ZT_^bXcX^]
0Xa_daVT
BcPacX]VX]bcadRcX^]bBTTcWT
X]bcadRcX^]bd]STacWTWTPSX]V
BcPacP]Sbc^_
>cWTabh
\Q^[bSTRP[b^ cWT\PRWX TaTUTac^b_TRXP[
RTacXRPcX^ aT`dXaT\T cbU^aRTacPX \PaZTcb
CWTT]VX]TXbbfXcRWTS^UUQh\^eX]VcWT
bc^_bfXcRWc^cWTbc^__^bXcX^]
20DC8>=CWTbc^_bfXcRW
Pdc^\PcXRP[[haTcda]bc^cWTbcPac
_^bXcX^]8]^aSTac^_aTeT]c
d]X]cT]cX^]P[bcPacX]VcWTb_PaZ_[dVRP_\dbcQT
aT\^eTSUa^\cWTb_PaZ_[dVfWT]PbbT\Q[X]VRWTRZX]V
P]S^a_TaU^a\X]V\PX]cT]P]RT
0[fPhbfTPaP__a^eTS_a^cTRcXeT
V[^eTb
ATVd[PaR[TP]X]VXbaT`dXaTS
EXbdP[RWTRZ
?a^cTRcXeTV^VV[Tb^aPeXb^a\dbcQT
f^a]

2>=C4=CB
4]V[XbW } "
2^ cT cb =^cTcWTU^[[^ fX VQTU^aT
bcPacX V)
?[TPbTaTPScWT^_TaPc^ayb\P]dP[RPaTUd[[h
: 4HC>BH<1>;B
Bh\Q^[b !
2>=C4=CB
2^]cT]cb  "
=^cTcWTU^[[^fX]VQTU^aTbcPacX]V)  "
8=CA>3D2C8>=
3TPa2dbc^\Ta  #
F70C8BF70C.
FWPcXbfWPc. $
64=4A0;B054CH?A420DC8>=B
8\_^acP]c  %
?Tab^]P[_a^cTRcXeTT`dX_\T]c  %
<PRWX]T
ƍ bbPUTchT`dX_\T]c &
5D4;70=3;8=6
5dT[bPUTch 
5dT[  
5dT[X]V
BC0AC8=60=3BC>??8=6
2WTRZQTU^aTbcPacX]V  !
BcPacX]VP]Sbc^__X]V  !
F>A:8=6C427=8@D4B
6T]TaP[f^aZX]VX]bcadRcX^]b  #
<08=C4=0=24
2PaQdaTcc^a  %
<dUTa  %
2^^[X]VbhbcT\ %
B_PaZ_[dV  %
0Xa[cTa  &
6TPa  &
2dccX]Vd]Xc  &
2[TP]X]VP]S[dQaXRPcX^] '
<PX]cT]P]RTbRWTSd[T  (
C427=820;30C0
CTRW]XRP[SPcP  !
42STR[PaPcX^]^UR^]U^a\Xch  !

F0A=8=6;^ VcTa\Tg_^bdaTc^ ^XbT
RP aTbd[cX _Ta\P T cWTPaX V
X\_PXa\T cB^P[fPhbdbTP__a^eTS
WTPaX V_a^cTRcX^ 

F0A=8=6D STa ^RXaRd\bcP RTb\Ph
cWTSTbXV ^UcWT\PRWX TQT\^SXTS
fXcW^dccWT_Ta\XbbX^ ^UcWT
\P dUPRcdaTa0[fPhbdbTVT dX T
PRRTbb^aXTb=^ PdcW^aXiTS
\^SXRPcX^ bP S^aPRRTbb^aXTbRP 
aTbd[cX bTaX^db_Tab^ P[X Ydah^acWT
STPcW^UcWT^_TaPc^a^a^cWTab

F0A=8=68 R^aaTRc^aRPaT[TbbdbT^UP
WTSVTcaX\\TaRP cda XcX c^P
SP VTa^dbc^^[cWPcRP RPdbTbTaX^db^a
TeT UPcP[X Ydah8cXbTgcaT\T[hX\_^acP c
cWPch^daTPSP Sd STabcP ScWT
R^ cT cb^UcWXb^_TaPc^ayb\P dP[

#}4]V[XbW
8=CA>3D2C8>=
3TPa2dbc^\Ta
CWP]Zh^dU^aRW^^bX]VP<R2d[[^RW_a^SdRcH^dPaTcWTaTQh_Pac^UPbc^ahcWPcbcPacTS[^]VPV^fWT]cWT<R2d[[^RW
2^a_^aPcX^]bcPacTSXcb\P]dUPRcdaX]V^UT]VX]TbSdaX]VF^a[SFPa888] (#(fWT]<R2d[[^RWX]ca^SdRTSXcbabc[XVWc
^]T\P]RWPX]bPff^^Sf^aZX]Vf^d[S]TeTaQTcWTbP\TPVPX]
CWT[X]T^UX]]^ePcXeTRWPX]bPfbf^d[SR^]cX]dT^eTacWTSTRPSTbP]SQdbX]TbbfPbTg_P]STSabcQhPXa_[P]TP]S
ZPacT]VX]TbX]cWT ($bcWT]Qh\X]XRWPX]bPfbX]cWT (%b;PcTaX]cWT (&bP]S'bcaX\\TabP]SQ[^fTaePRb
fTaTPSSTSc^cWTaP]VT
C^SPhPbP_Pac^UcWT7db`ePa]PVa^d_<R2d[[^RWR^]cX]dTbcWTcaPSXcX^]^U_^fTaUd[T]VX]TbcTRW]XRP[X]]^ePcX^]b
P]Sbca^]VSTbXV]bcWPcWPeTQTT]^daWP[[\PaZbU^a\^aTcWP]WP[UPRT]cdah;^fTaX]VUdT[R^]bd\_cX^]T\XbbX^]b
P]S]^XbT[TeT[bPaT^Uc^__aX^aXchc^dbPbXbX\_a^eX]VbPUTchP]SdbTaUaXT]S[X]Tbb
FTRTacPX][hW^_TcWPch^dfX[[QTbPcXbTSfXcWh^da<R2d[[^RW_a^SdRcPbXcXbSTbXV]TSc^QTh^daR^\_P]X^]U^aP
[^]VcX\T1hU^[[^fX]VcWXb^_TaPc^ab\P]dP[ybPSeXRT^]dbPVTbTaeXRTP]S\PX]cT]P]RTXcb[XUTb_P]RP]QTTgcT]STS
8Uh^dbW^d[S]TTS_a^UTbbX^]P[WT[_fXcWaT_PXa^abTaeXRT_[TPbTdbTcWTBTaeXRT;^RPc^aPcfff\RRd[[^RWQXi
<R2d[[^RWWPbP_^[XRh^UR^]cX]d^db_a^SdRcSTeT[^_\T]cP]ScWTaTU^aTaTbTaeTbcWTaXVWcc^\^SXUhcWTSTbXV]P]S
P__TPaP]RT^U_a^SdRcbfXcW^dc_aX^a]^cXRT
CWXb\P]dP[RP]P[b^QTS^f][^PSTSPcfff\RRd[[^RWQXi

4]V[XbW}$
F70C8BF70C.
FWPcXbfWPc.
2
7
>_TaPc^a ƍ b\P]dP[
! 7P]S[T
" CWa^cc[T[^RZ
#5dT[RP_
$ 2W^ZTR^]ca^[
% 5a^]cWP]S[T
& 1[PSTP]SQ[PSTVdPaS
' CaP]b_^acVdPaS
( 0Xa[cTaR^eTa
 0Xa_daVT
5dT[cP]Z
! ;^RZU^aWP]S[T4aV^;XcT%!'
" CWa^cc[TcaXVVTa
# B_PaZ_[dVRP_P]Sb_PaZ_[dV
$ 2h[X]STaR^eTa
% BcPacTaWP]S[T
& Bc^_bfXcRW
' ;dQaXRP]c[[TaRP_VTPa
( 6TPa
! 7P]SVdPaS
! 2^\QX]PcX^]b_P]]Ta
!! CdQT^UVaTPbT

64=4A0;B054CH?A420DC8>=B
%}4]V[XbW
8\_^acP c ?Tab^ P[_a^cTRcXeTT`dX_\T c
740A8=6?A>C42C8>=
FTPaWTPaX]V_a^cTRcX^]cWPc_a^eXSTbPST`dPcT]^XbT
aTSdRcX^]
4H4?A>C42C8>=
0[fPhbfTPaP__a^eTSThT_a^cTRcX^]8Uh^ddbTPeXb^a
cWT]h^d\dbcP[b^fTPaP__a^eTS_a^cTRcXeTV^VV[Tb
0__a^eTS_a^cTRcXeTV^VV[Tb\dbcR^\_[hfXcWbcP]SPaS
0=B8I'& X]cWTDB0^a4= %%X]4DR^d]caXTb
6;>E4B
6[^eTbbW^d[SQTf^a]fWT]]TRTbbPahTVfWT]ccX]V
RdccX]VPccPRW\T]cb
1>>CB
FTPabcdaSh]^]b[X_Q^^cb^abW^Tb
8<?>AC0=C
CWT\PRWX]TXb^][hSTbXV]TSU^aRdccX]VQaP]RWTbP]S
cfXVb
=TeTadbTP\PRWX]TcWPcWPbQTT]\^SXTSX]P]hfPh
Ua^\Xcb^aXVX]P[b_TRXRPcX^]
=TeTadbTcWT\PRWX]TXUh^dPaTcXaTSXUh^dWPeTSad]Z
P[R^W^[^aXUh^dPaTcPZX]V\TSXRPcX^]cWPcR^d[SPUUTRc
h^daeXbX^]h^da dSVT\T]c^ah^daR^^aSX]PcX^]
FTPa_Tab^]P[_a^cTRcXeTT`dX_\T]cBTTX]bcadRcX^]b
d]STacWTWTPSX]V{?Tab^]P[_a^cTRcXeTT`dX_\T]c{
=TeTadbTcWT\PRWX]TX]TgcaT\TfTPcWTaR^]SXcX^]b
bdRWPbbTeTaTR^[SeTahW^cP]S^aWd\XSR[X\PcTb
=TeTadbTP\PRWX]TcWPcXbUPd[ch2Paah^dccWTRWTRZb
\PX]cT]P]RTP]SbTaeXRTX]bcadRcX^]bSTbRaXQTSX]cWXb
\P]dP[B^\T\PX]cT]P]RTP]SbTaeXRT\TPbdaTb
\dbcQTRPaaXTS^dcQhcaPX]TSP]S`dP[XTSb_TRXP[Xbcb
BTTX]bcadRcX^]bd]STacWTWTPSX]V<PX]cT]P]RT
0[[R^eTabP]SVdPaSb\dbcQTccTSQTU^aTbcPacX]V
4]bdaTcWPccWTb_PaZ_[dVRP_P]SXV]XcX^][TPSPaT
d]SP\PVTSc^Pe^XScWTaXbZ^UT[TRcaXRbW^RZ

F0A=8=6CWXb\PRWX T_a^SdRTbP 
T[TRca^\PV TcXRT[SSdaX V^_TaPcX^ 
CWXbT[S\Phd STab^\T
RXaRd\bcP RTbX cTaUTaTfXcWPRcXeT^a
_PbbXeT\TSXRP[X\_[P cbC^aTSdRTcWT
aXbZ^UbTaX^db^aUPcP[X YdahfT
aTR^\\T S_Tab^ bfXcW\TSXRP[
X\_[P cbc^R^ bd[ccWTXa_WhbXRXP P S
cWT\TSXRP[X\_[P c\P dUPRcdaTaQTU^aT
^_TaPcX VcWXb\PRWX T

F0A=8=6Ad X VP T VX TX P
R^  TS^aQPS[heT cX[PcTSPaTPRP 
aTbd[cX STPcWSdTc^Pb_WhgXPcX^ ^a
RPaQ^ \^ ^gXST_^Xb^ X V

F0A=8=6=TeTaP[[^fRWX[SaT c^dbT^a
QTX cWTeXRX Xch^UcWT\PRWX T0bcWT
\PRWX TXbT`dX__TSfXcWPb_aX V
[^PSTSbc^_bfXcRWP SRP QTbcPacTSQh
[^fb_TTSP SU^aRT^ cWTbcPacTa
WP S[TTeT b\P[[RWX[SaT d STab^\T
RXaRd\bcP RTbRP _a^SdRTcWTU^aRT
TRTbbPahc^bcPaccWT\PRWX TCWXbRP 
\TP PaXbZ^UbTaX^db_Tab^ P[X Ydah
CWTaTU^aTaT\^eTcWTb_PaZ_[dVRP_
fWT cWT\PRWX TXb ^cd STaR[^bT
bd_TaeXbX^ 

F0A=8=65Pd[chQ[PSTbRP X RaTPbT
cWTaXbZ^UPRRXST cb
8<?>AC0=C
8]R^aaTRc^aRPaT[TbbdbT^UPWTSVTcaX\\TaRP]cda]Xc
X]c^PSP]VTa^dbc^^[cWPcRP]RPdbTbTaX^db^aTeT]
UPcP[X] dah8cXbTgcaT\T[hX\_^acP]ccWPch^daTPSP]S
d]STabcP]ScWTR^]cT]cb^UcWXb^_TaPc^ayb\P]dP[
H^d\dbcdbTP__a^eTS_Tab^]P[_a^cTRcXeTT`dX_\T]c
fWT]TeTah^ddbTcWT\PRWX]T?Tab^]P[_a^cTRcXeT
T`dX_\T]cRP]]^cT[X\X]PcTcWTaXbZ^UX] dahQdcXcfX[[
aTSdRTcWTSTVaTT^UX] dahXUP]PRRXST]cS^TbWP__T]
0bZh^daSTP[TaU^aWT[_X]RW^^bX]VcWTaXVWcT`dX_\T]c

F0A=8=6;XbcT ^dcU^afPa X VbXV P[b
^abW^dcbfWT h^dPaTfTPaX VWTPaX V
_a^cTRcX^ 0[fPhbaT\^eTh^daWTPaX V
_a^cTRcX^ Pbb^^ PbcWTT VX Tbc^_b

64=4A0;B054CH?A420DC8>=B
4]V[XbW } &
2;>C78=6
FTPaR[^cWTb\PST^UPbca^]VUPQaXRP]SPe^XS[^^bT
R[^cWX]VcWPcRP]RPcRW^]cfXVbP]SQaP]RWTb0[fPhb
fTPaWTPeh[^]V_P]cb3^]^cfTPa TfT[[TahbW^acb
bP]SP[b^aV^QPaTU^^cBTRdaTWPXab^XcXbPQ^eTbW^d[STa
[TeT[
58ABC083:8C
0[fPhbWPeTPabcPXSZXc]TPaQh
<PRWX T ƍ bbPUTchT`dX_\T c
CWXbbTRcX^]STbRaXQTbcWT\PRWX]T ƍ bbPUTchT`dX_\T]c
Xcb_da_^bTP]SW^fRWTRZbP]S\PX]cT]P]RTbW^d[SQT
RPaaXTS^dcc^T]bdaTcWPcXc^_TaPcTbR^aaTRc[hBTTcWT
{FWPcXbfWPc.{bTRcX^]c^[^RPcTfWTaTcWXbT`dX_\T]cXb
_^bXcX^]TS^]h^da\PRWX]T
CWT[XUTb_P]^UcWT\PRWX]TRP]QTaTSdRTSP]ScWTaXbZ
^UPRRXST]cbRP]X]RaTPbTXU\PRWX]T\PX]cT]P]RTXb]^c
RPaaXTS^dcR^aaTRc[hP]SXUbTaeXRTP]S^aaT_PXabPaT]^c
RPaaXTS^dc_a^UTbbX^]P[[h8Uh^d]TTSUdacWTaX]U^a\PcX^]
_[TPbTR^]cPRch^da]TPaTbcbTaeXRTf^aZbW^_
CW a^cc [T[^RZ^dc
CWTcWa^cc[T[^RZ^dcXbSTbXV]TSc^_aTeT]cPRRXST]cP[
^_TaPcX^]^UcWTcWa^cc[TR^]ca^[FWT]h^d_aTbbcWT[^RZ
0XTfWT]h^dVaPb_cWTWP]S[TXcaT[TPbTbcWTcWa^cc[T
R^]ca^[1FWT]h^daT[TPbTcWTWP]S[TcWTcWa^cc[T
R^]ca^[P]ScWTcWa^cc[T[^RZ^dcQ^cW\^eTQPRZc^cWTXa
^aXVX]P[_^bXcX^]bCWXb\^eT\T]cXbR^]ca^[[TSQhcf^
X]ST_T]ST]caTcda]b_aX]VbCWXbPaaP]VT\T]c\TP]bcWPc
cWTcWa^cc[TR^]ca^[XbPdc^\PcXRP[[h[^RZTSPccWTXS[T
bTccX]V
<PZTbdaTcWTcWa^cc[TR^]ca^[Xb[^RZTSPccWTXS[TbTccX]V
fWT]cWTcWa^cc[T[^RZ^dcXbaT[TPbTS
?aTbbcWTcWa^cc[T[^RZ^dcP]S\PZTbdaTXcaTcda]bc^Xcb
^aXVX]P[_^bXcX^]fWT]h^daT[TPbTXc
2WTRZcWPccWTcWa^cc[TcaXVVTaP]ScWa^cc[T[^RZ^dc\^eT
UaTT[hP]ScWPccWTaTcda]b_aX]Vbf^aZ_a^_Ta[h
BTTX]bcadRcX^]bd]STacWTWTPSX]VBcPacBcPaccWTWTSVT
caX\\TaP]SP__[hUd[[cWa^cc[TAT[TPbTcWTcWa^cc[TcaXVVTa
P]SRWTRZcWPccWTQ[PSTbbc^_P]SaT\PX]bcPcX^]Pah8U
cWTQ[PSTb\^eTfWT]cWTcWa^cc[TcaXVVTaXbX]cWTXS[T
_^bXcX^]cWT]cWTRPaQdaTcc^aXS[TbTccX]V\dbcQTPS dbcTS
BTTX]bcadRcX^]bd]STacWTWTPSX]V<PX]cT]P]RT
8<?>AC0=C
0[[bTaeXRX]VP]SaT_PXaf^aZ^]cWT\PRWX]TaT`dXaTb
b_TRXP[caPX]X]VCWXbXbTb_TRXP[[hcadT^UcWT\PRWX]T
ƍ b
bPUTchT`dX_\T]c8Uh^da\PRWX]TUPX[bP]h^UcWT
RWTRZbSTbRaXQTSQT[^fh^d\dbcR^]cPRch^dabTaeXRT
PVT]cFWT]h^dQdhP]h^U^da_a^SdRcbfTVdPaP]cTT
cWTPePX[PQX[Xch^U_a^UTbbX^]P[aT_PXabP]SbTaeXRT8UcWT
aTcPX[TafW^bT[[bh^da\PRWX]TXb]^cPbTaeXRX]VSTP[Ta
PbZWX\U^acWTPSSaTbb^Uh^da]TPaTbcbTaeXRTPVT]c

F0A=8=6=TeTadbTP\PRWX TfXcW
UPd[chbPUTchT`dX_\T cCWT\PRWX Tyb
bPUTchT`dX_\T c\dbcQTRWTRZTSP S
\PX cPX TSPbSTbRaXQTSX cWXbbTRcX^ 
8Uh^da\PRWX TUPX[bP h^UcWTbTRWTRZb
R^ cPRch^dabTaeXRTPVT cc^VTcXc
aT_PXaTS
1
0

64=4A0;B054CH?A420DC8>=B
'}4]V[XbW
Bc^_bfXcRW
DbTcWTbc^_bfXcRWc^bfXcRW^UUcWTT]VX]T
BcPaccWTT]VX]TP]S\PZTbdaTcWTT]VX]Tbc^_bfWT]
h^d\^eTcWTbc^_bfXcRWc^cWTbc^_bTccX]VCWTbc^_
bfXcRWPdc^\PcXRP[[haTcda]bc^cWTbcPac_^bXcX^]8]^aSTa
c^_aTeT]cd]X]cT]cX^]P[bcPacX]VcWTb_PaZ_[dVRP_\dbc
QTaT\^eTSUa^\cWTb_PaZ_[dVfWT]PbbT\Q[X]V
RWTRZX]VP]S^a_TaU^a\X]V\PX]cT]P]RT
7P SVdPaS
CWTWP]SVdPaS_aTeT]cbWP]SbUa^\R^\X]VX]c^R^]cPRc
fXcWcWT\^eX]VQ[PSTbU^aTgP\_[TXUcWT^_TaPc^a[^bTb
VaX_^]cWTUa^]cWP]S[T
2WTRZcWPccWTWP]SVdPaSXbccTSR^aaTRc[h
2WTRZcWPccWTWP]SVdPaSXbd]SP\PVTS
EXQaPcX^ SP \_X VbhbcT\
H^da\PRWX]TXbT`dX__TSfXcWPeXQaPcX^]SP\_X]V
bhbcT\cWPcXbSTbXV]TSc^\X]X\XiTeXQaPcX^]P]S\PZT
^_TaPcX^]TPbXTa
CWT\PRWX]T
ƍ beXQaPcX^]SP\_X]VbhbcT\aTSdRTbcWT
caP]bUTa^UeXQaPcX^]QTcfTT]cWTT]VX]Td]XcRdccX]V
T`dX_\T]cP]ScWT\PRWX]T
ƍ bWP]S[Td]Xc
CWTT]VX]TQ^ShX]R[dSX]VcWTQ[PSTbXbbdb_T]STS^]
cWTWP]S[TQPadbX]VU^daadQQTaQdbWX]Vb
ATVd[Pa[hRWTRZcWTeXQaPcX^]SP\_X]Vd]XcbU^aRaPRZb^a
STU^a\PcX^]2WTRZcWPccWTeXQaPcX^]SP\_X]VT[T\T]cXb
d]SP\PVTSP]SbTRdaT[hPccPRWTS
<dUTa
CWT\dUTaXbSTbXV]TSc^ZTT_]^XbT[TeT[bc^P\X]X\d\
P]Sc^SXaTRcTgWPdbcUd\TbPfPhUa^\cWTdbTa0\dUTa
ccTSfXcWPRPcP[hcXRR^]eTacTaXbP[b^STbXV]TSc^aTSdRT
WPa\Ud[TgWPdbcVPbTb
8]R^d]caXTbcWPcWPeTPfPa\P]SSahR[X\PcTcWTaTXbP
bXV]XRP]caXbZ^UaTFTcWTaTU^aTcRTacPX]\dUTabfXcW
Pb_PaZPaaTbc^a\TbW2WTRZfWTcWTacWT\dUTa^]h^da
\PRWX]TXbccTSfXcWcWXbZX]S^U\TbW
5^a\dUTabXcXbeTahX\_^acP]ccWPch^dU^[[^fcWT
X]bcadRcX^]b^]RWTRZX]V\PX]cPX]X]VP]SbTaeXRX]Vh^da
\PRWX]T
=TeTadbTP\PRWX]TcWPcWPbPUPd[ch\dUTa
ATVd[Pa[hRWTRZcWPccWT\dUTaXbbTRdaT[hPccPRWTSc^
cWT\PRWX]T

F0A=8=6>eTaTg_^bdaTc^eXQaPcX^ 
RP [TPSc^RXaRd[Pc^ahSP\PVT^a TaeT
SP\PVTX _T^_[TfW^WPeTX\_PXaTS
RXaRd[PcX^ 2^ cPRch^daS^Rc^aXUh^d
Tg_TaXT RTbh\_c^\b^U^eTaTg_^bdaT
c^eXQaPcX^ BdRWbh\_c^\bX R[dST
d\Q Tbb[^bb^UUTT[X VcX V[X V
_aXRZX V_PX [^bb^UbcaT VcWRWP VTb
X bZX R^[^da^aR^ SXcX^ CWTbT
bh\_c^\b ^a\P[[hP__TPaX cWT
 VTabWP Sb^afaXbcbCWTaXbZ
X RaTPbTbPc[^fcT\_TaPcdaTb

64=4A0;B054CH?A420DC8>=B
4]V[XbW } (
8UcWT\dUTa^]h^da\PRWX]TXbccTSfXcWPb_PaZ
PaaTbc^a\TbWcWXb\dbcQTR[TP]TSaTVd[Pa[h0Q[^RZTS
\TbWfX[[RPdbTcWTT]VX]Tc^^eTaWTPcP]S\Ph[TPSc^
bTaX^dbSP\PVT
1[PSTP SQ[PSTVdPaS
CWT^dcTa_Pac^UcWTQ[PSTb PaTbWP_TSPbQ[PST
VdPaSbCWTQ[PSTVdPaSXbX]cT]STSc^_a^cTRcPVPX]bc
P]h_Pac^UcWTQ^ShR^\X]VX]c^R^]cPRcfXcWcWTQ[PSTb
2WTRZcWPccWTQ[PSTVdPaSXb]^cSP\PVTS^aSXbc^acTS
AT_[PRTcWTRdccX]Vd]XcXUXcXbQT]c^aSP\PVTS
6TPa
CWTVTPaW^dbX]VVTcbW^cfWT]cWT\PRWX]TWPbQTT]X]
dbTC^Pe^XSQda]X]Vh^dabT[US^]^cc^dRWcWTVTPa
W^dbX]V

F0A=8=6<dUTabccTSfXcWRPcP[hcXR
R^ eTacTabVTceTahW^cSdaX VdbTP S
aT\PX b^U^ab^\TcX\TPUcTabc^__X V
CWXbP[b^P__[XTbPcXS[Tb_TTS2^ cPRc
RP aTbd[cX Qda bc^cWTbZX 
AT\T\QTacWTaXbZ^UaT

F0A=8=6CWTX bXST^UcWT\dUTa
R^ cPX RWT\XRP[bcWPc\PhQT
RPaRX ^VT XR0e^XSR^ cPRcfXcWcWTbT
T[T\T cbX cWTTeT c^UPSP\PVTS
\dUTa

F0A=8=61TPaX \X ScWPc)CWT
TgWPdbcUd\TbUa^\cWTT VX TPaTW^c
P S\PhR^ cPX b_PaZbfWXRWRP bcPac
PaT=TeTabcPaccWT\PRWX TX S^^ab^a
TPaR^\QdbcXQ[T\PcTaXP[

5D4;70=3;8=6
}4]V[XbW
5dT[bPUTch
=TeTabcPaccWT\PRWX]T)
8Uh^dWPeTb_X[cUdT[^]XcFX_T^UUcWTb_X[[PVTP]S
P[[^faT\PX]X]VUdT[c^TeP_^aPcT
! 8Uh^dWPeTb_X[cUdT[^]h^dabT[U^ah^daR[^cWTb
RWP]VTh^daR[^cWTbFPbWP]h_Pac^Uh^daQ^ShcWPc
WPbR^\TX]R^]cPRcfXcWUdT[DbTb^P_P]SfPcTa
" 8UcWT\PRWX]TXb[TPZX]VUdT[2WTRZaTVd[Pa[hU^a
[TPZbUa^\cWTUdT[RP_P]SUdT[[X]Tb
CaP b_^acP Sbc^aPVT
| 0[[^fcWTWTSVTcaX\\Tac^R^^[S^f]PUcTadbTQTU^aT
_dccX]VXcPfPhU^abc^aPVT
| Bc^aTP]ScaP]b_^accWT\PRWX]TP]SUdT[b^cWPccWTaT
Xb]^aXbZ^UP]h[TPZPVT^aUd\TbR^\X]VX]c^R^]cPRc
fXcWb_PaZb^a]PZTSP\TbU^aTgP\_[TUa^\
T[TRcaXRP[\PRWX]TahT[TRcaXR\^c^abT[TRcaXRP[aT[Phb
bfXcRWTb^aQ^X[Tab
| FWT]bc^aX]VP]ScaP]b_^acX]VUdT[P[fPhbdbT
P__a^eTSR^]cPX]TabX]cT]STSU^acWXb_da_^bT
| FWT]bc^aX]VcWT\PRWX]TU^a[^]V_TaX^SbcWTUdT[
cP]Z\dbcQTT\_cXTS2^]cPRch^da[^RP[_Tca^[
bcPcX^]c^]S^dcfWTaTc^SXb_^bT^UTgRTbbUdT[
| 4]bdaTcWT\PRWX]TXbR[TP]TSP]ScWPcPR^\_[TcT
bTaeXRTXbRPaaXTS^dcQTU^aT[^]VcTa\bc^aPVT
| CWTcaP]b_^acVdPaS\dbcP[fPhbQTccTSc^cWT
RdccX]VPccPRW\T]cfWT]cWT\PRWX]TXbQTX]V
caP]b_^acTS^aX]bc^aPVT
| BTRdaTcWT\PRWX]TSdaX]VcaP]b_^ac
5dT[
20DC8>= CWT\PRWX]TXbT`dX__TSfXcWPcf^bca^ZT
T]VX]TP]S\dbcP[fPhbQTT]ad]dbX]VP\XgcdaT^U
_Tca^[P]Scf^bca^ZT^X[8cXbX\_^acP]cc^PRRdaPcT[h
\TPbdaTcWTP\^d]c^U^X[c^QT\XgTSc^T]bdaTcWPccWT
R^aaTRc\XgcdaTXb^QcPX]TSFWT]\XgX]Vb\P[[P\^d]cb
^UUdT[TeT]b\P[[X]PRRdaPRXTbRP]SaPbcXRP[[hPUUTRccWT
aPcX^^UcWT\XgcdaT
?Tca^[
20DC8>= 0[fPhbdbTP`dP[Xch_Tca^[^X[\XgcdaTPc[TPbc
(^RcP]TA>=8Uh^da\PRWX]TXbT`dX__TSfXcWP
RPcP[hcXRR^]eTacTabTTRWP_cTa^]CTRW]XRP[SPcPP[fPhb
dbTPV^^S`dP[Xchd][TPSTS_Tca^[^X[\XgcdaT;TPSTS
_Tca^[fX[[STbca^hcWTRPcP[hcXRR^]eTacTa
DbT[^fT\XbbX^]_Tca^[P[b^Z]^f]PbP[Zh[PcT_Tca^[XU
XcXbPePX[PQ[T
| CWT[^fTbc^RcP]TaTR^\\T]STSXb(A>=8Uh^d
ad]cWTT]VX]T^]P[^fTa^RcP]TVaPSTcWP](b^
RP[[TSZ]^RZX]VRP]^RRdaCWXbVXeTbaXbTc^PWXVW
T]VX]TcT\_TaPcdaTfWXRWRP]aTbd[cX]bTaX^db
T]VX]TSP\PVT
| FWT]f^aZX]VPcR^]cX]d^dbWXVWaTebPWXVWTa^RcP]T
aPcX]VXbaTR^\\T]STS
Cf^bca^ZT^X[
| 5^aQTbcaTbd[cbP]S_TaU^a\P]RTdbTD]XeTabP[
D]XeTabP[_^fTaTSQh<R2D;;>27cf^bca^ZT
T]VX]T^X[fWXRWXbb_TRXP[[hU^a\d[PcTSU^a^daPXa
R^^[TScf^bca^ZTT]VX]Tb
| =TeTadbTcf^bca^ZT^X[X]cT]STSU^afPcTaR^^[TS
T]VX]Tbb^\TcX\TbaTUTaaTSc^Pb^dcQ^PaS^X[aPcTS
C2F
| =TeTadbT^X[X]cT]STSU^aU^dabca^ZTT]VX]Tb
| 0_^^a^X[`dP[XchP]S^ac^^WXVW^X[UdT[aPcX^\Ph
T^_PaSXbTUd]RcX^]P]SSTRaTPbTcWT[XUTcX\T^U
RPcP[hcXRR^]eTacTab
| <XgX]VaPcX^
)$!
fXcWD]XeTabP[D]XeTabP[_^fTaTSQh
<R2D;;>27cf^bca^ZT^X[
)"""fXcW^X[bR[Pbb90B>51^a8B>461
U^a\d[PcTSU^aPXaR^^[TScf^bca^ZTT]VX]Tb

F0A=8=6CPZTRPaTfWT WP S[X VUdT[
1TPaX \X ScWTaXbZ^UaTTg_[^bX^ 
P SX WP[X VUd\Tb

F0A=8=65dT[P SUdT[Ud\TbPaT
WXVW[hX P\\PQ[TP SRP RPdbT
bTaX^dbX YdahfWT X WP[TS^aP[[^fTSc^
R^\TX R^ cPRcfXcWcWTbZX 5^acWXb
aTPb^ ^QbTaeTRPdcX^ fWT WP S[X V
UdT[P S\PZTbdaTcWTaTXbPST`dPcT
eT cX[PcX^ 
?Tca^[[XcaT Cf^bca^ZT^X[[XcaT
! )$ " )""
$
   $
 ! "
$ " #$
! # %

5D4;70=3;8=6
4]V[XbW } 
<XgX V
| 0[fPhb\XgcWT_Tca^[P]S^X[X]PR[TP]R^]cPX]Ta
X]cT]STSU^aUdT[
| 0[fPhbbcPacQh[[X]VWP[UcWTP\^d]c^UcWT_Tca^[c^
QTdbTSCWT]PSScWTT]cXaTP\^d]c^U^X[<Xg
bWPZTcWTUdT[\XgcdaT0SScWTaT\PX]X]VP\^d]c^U
_Tca^[
| <XgbWPZTcWTUdT[\XgcdaTcW^a^dVW[hQTU^aT[[X]V
cWT\PRWX]TybUdT[cP]Z
| 3^]^c\Xg\^aTcWP]^]T\^]cWybbd__[h^UUdT[PcP
cX\T
| 8UcWT\PRWX]TXb]^cdbTSU^ab^\TcX\TcWTUdT[cP]Z
bW^d[SQTT\_cXTSP]SR[TP]TS
5dT[X V
| 0[fPhbdbTPUdT[R^]cPX]TafXcWP]P]cXb_X[[eP[eT
| 2[TP]cWTPaTPPa^d]ScWTUdT[RP_2^]cP\X]PcX^]X]
cWTcP]ZRP]RPdbT^_TaPcX]V_a^Q[T\b
| 4]bdaTcWPccWTUdT[XbfT[[\XgTSQhbWPZX]VcWT
R^]cPX]TaQTU^aT[[X]VcWTcP]Z

F0A=8=6CWTRPcP[hcXRR^ eTacTa
\dUTaVTcbeTahW^cSdaX VP SPUcTa
dbTCWXbP[b^P__[XTbSdaX VXS[X V1T
PfPaT^UcWTaTWPiPaSTb_TRXP[[hfWT 
f^aZX V TPaP\\PQ[TbdQbcP RTbP S
^aeP_^dab

F0A=8=6CPZX VcWTU^[[^fX V
_aTRPdcX^ bfX[[[TbbT cWTaXbZ^UaT)
3^ ^cb\^ZT^a_[PRTW^c^QYTRcb TPa
UdT[
0[fPhbbWdc^UUcWTT VX TQTU^aT
aTUdT[[X V
ATUdT[X PfT[[eT cX[PcTSPaTP=TeTa
UdT[cWT\PRWX TX S^^ab
0[fPhbbc^_cWTT VX TP S[TcXcR^^[U^a
PUTf\X dcTbQTU^aTaTUdT[[X V
FWT aTUdT[[X V^_T cWTUdT[RP_b[^f[h
b^cWPcP hTgRTbb_aTbbdaTXbaT[TPbTS
VT c[h
CXVWcT cWTUdT[RP_RPaTUd[[hPUcTa
aTUdT[[X V
0[fPhb\^eTcWT\PRWX TPfPhUa^\cWT
aTUdT[[X VPaTPP Sb^daRTQTU^aT
bcPacX V

BC0AC8=60=3BC>??8=6
!}4]V[XbW
2WTRZQTU^aTbcPacX V
| 8]b_TRccWTf^aZX]VPaTPAT\^eTP]h^Q TRcbcWPc
R^d[SQTcWa^f]^dc
| 2WTRZcWTRdccX]VPccPRW\T]c=TeTadbTQ[PSTbcWPc
PaTSd[[RaPRZTS^aSP\PVTS
| 2WTRZcWPccWT\PRWX]TXbX]_TaUTRcf^aZX]V^aSTa
2WTRZcWPcP[[]dcbP]SbRaTfbPaTcXVWc
| <PZTbdaTcWTVTPaW^dbX]VXb[dQaXRPcTSR^aaTRc[h
BTTX]bcadRcX^]bd]STacWTWTPSX]V6TPaW^dbX]V
| 2WTRZcWPccWTRdccX]VPccPRW\T]cP[fPhbbc^_bfWT]
cWTT]VX]TXbXS[X]V
| >][hdbTcWT\PRWX]TU^acWT_da_^bTXcfPbX]cT]STS
U^a
| <PZTbdaTcWPccWTWP]S[TP]SbPUTchUTPcdaTbPaTX]
V^^Sf^aZX]V^aSTa=TeTadbTP\PRWX]TcWPc[PRZbP
_Pac^aWPbQTT]\^SXTS^dcbXSTXcbb_TRXRPcX^]b
| 0[[R^eTab\dbcQTR^aaTRc[hccTSP]Sd]SP\PVTS
QTU^aTh^dbcPaccWT\PRWX]T
BcPacX VP Sbc^__X V
2^[ST VX T
 2W^ZTR^ ca^[
BTccWTRW^ZTR^]ca^[X]cWTRW^ZT_^bXcX^]
!?aX\TaQd[Q)
?aTbbcWTPXa_daVTSXP_WaPV\aT_TPcTS[hd]cX[UdT[
QTVX]bc^[[cWTSXP_WaPV\PQ^dc%cX\TbCWT
SXP_WaPV\]TTS]^cQTR^\_[TcT[h[[TS
"BcPacX V
7^[ScWTQ^Sh^UcWT\PRWX]T^]cWTVa^d]SdbX]Vh^da
[TUcWP]S20DC8>==^cfXcWh^daU^^c6aX_cWTbcPacTa
WP]S[Tb[^f[h_d[[^dccWTR^aSfXcWh^daaXVWcWP]Sd]cX[
h^dUTT[b^\TaTbXbcP]RTcWTbcPacTa_Pf[bVaX_]^f
`dXRZ[hP]S_^fTaUd[[h_d[[cWTR^aS
=TeTacfXbccWT
bcPacTaR^aSPa^d Sh^daWP S

F0A=8=6CWTR^\_[TcTVTPaW^dbX V
\dbcQTccTSQTU^aTcWT\PRWX TXb
bcPacTS^cWTafXbTcWTR[dcRW\Ph[^^bT 
P SRPdbT_Tab^ P[X Ydah
0[fPhb\^eTcWT\PRWX TPQ^dc"
\TcaTbUa^\cWTaTUdT[[X V_^bXcX^ 
QTU^aTbcPacX V?[PRTcWT\PRWX T^ P
a\bdaUPRTAT\T\QTacWPccWTQ[PSTb
\PhbcPacc^\^eTfWT cWTT VX TXb
bcPacTS<PZTbdaTcWTQ[PSTbRP ^c
R^\TX c^R^ cPRcfXcWP h^QYTRc<PZT
bdaTcWPc ^d PdcW^aXbTS_Tab^ bPaTX 
cWTf^aZX VPaTP^cWTafXbTcWTaTXbP
aXbZ^UbTaX^db_Tab^ P[X YdahCWTbPUTch
SXbcP RTXb $\TcaTb

BC0AC8=60=3BC>??8=6
4]V[XbW }  "
#$
?dbWcWTRW^ZTR^]ca^[QPRZc^Xcb^aXVX]P[_^bXcX^]Pb
b^^]PbcWTT]VX]TaTbP]SR^]cX]dTcahX]Vc^bcPacd]cX[
cWTT]VX]TbcPacb
20DC8>= FWT]cWTRW^ZTR^]ca^[Xb_dbWTSQPRZc^Xcb
^aXVX]P[_^bXcX^]cWTT]VX]Tad]bPcPWTXVWcT]TSb_TTS
cWTb^RP[[TSbcPaccWa^cc[T_^bXcX^]P]ScWTQ[PSTbcWT]
\^eTBcPaccWa^cc[T_^bXcX^]XbaT[TPbTSQhcWa^cc[X]VdbX]V
cWTcWa^cc[T[TeTa
20DC8>= 3^]^c_d[[cWTbcPacTaR^aSP[[cWTfPh^dcP]S
S^]^c[TcV^^UcWTbcPacTaWP]S[TfWT]cWTR^aSXbUd[[h
TgcT]STSCWXbRP]SP\PVTcWT\PRWX]T
FPa\T VX T
7^[ScWTQ^Sh^UcWT\PRWX]T^]cWTVa^d]SdbX]Vh^da
[TUcWP]S20DC8>==^cfXcWh^daU^^c6aX_cWTbcPacTa
WP]S[Tb[^f[h_d[[^dccWTR^aSfXcWh^daaXVWcWP]Sd]cX[
h^dUTT[b^\TaTbXbcP]RTcWTbcPacTa_Pf[bVaX_]^f
`dXRZ[hP]S_^fTaUd[[h_d[[cWTR^aS
=TeTacfXbccWT
bcPacTaR^aSPa^d Sh^daWP S
Bc^__X V
CWTT]VX]TXbbfXcRWTS^UUQh\^eX]VcWTbc^_bfXcRWc^
cWTbc^__^bXcX^]
20DC8>=
CWTbc^_bfXcRWPdc^\PcXRP[[haTcda]bc^cWTbcPac_^bXcX^]
8]^aSTac^_aTeT]cd]X]cT]cX^]P[bcPacX]VcWTb_PaZ_[dV
RP_\dbcQTaT\^eTSUa^\cWTb_PaZ_[dVfWT]
PbbT\Q[X]VRWTRZX]VP]S^a_TaU^a\X]V\PX]cT]P]RT

F>A:8=6C427=8@D4B
#}4]V[XbW
6T TaP[f^aZX VX bcadRcX^ b
BPUTchX bcadRcX^ baTVPaSX VcWT
bdaa^d SX Vb
| =TeTaP[[^fRWX[SaT]c^dbTcWT\PRWX]T
| >QbTaeTh^dabdaa^d]SX]VbP]S\PZTbdaTcWPccWTaT
Xb]^aXbZ^U_T^_[T^aP]X\P[bR^\X]VX]c^R^]cPRc
fXcWcWTRdccX]VT`dX_\T]c
| 4]bdaTcWPc]^^]TR^\TbR[^bTacWP] $\fWX[Th^d
PaTf^aZX]V
| =TeTaP[[^fP]h^]TT[bTc^dbTcWT\PRWX]TfXcW^dc
abcT]bdaX]VcWPccWThWPeTd]STabc^^ScWTR^]cT]cb
^UcWT^_TaPc^ayb\P]dP[
| =TeTaf^aZUa^\P[PSSTabc^^[^aP]h^cWTaaPXbTS
_^bXcX^]cWPcXb]^cUd[[hbTRdaTS
| :TT_X]\X]ScWPccWT^_TaPc^aXbaTb_^]bXQ[TU^a
PRRXST]cb^aWPiPaSb^RRdaX]Vc^^cWTa_T^_[T^acWTXa
_a^_Tach
BPUTchX bcadRcX^ bfWX[Tf^aZX V
| 0[fPhbT]bdaTh^dWPeTPbPUTP]SbcPQ[Tf^aZX]V
_^bXcX^]
| =TeTa[TPeTcWT\PRWX]Td]bd_TaeXbTSfXcWcWT\^c^a
ad]]X]V
| 0[fPhbdbTQ^cWWP]Sbc^W^[ScWT\PRWX]T7^[ScWT
\PRWX]TX]Ua^]c^Uh^daQ^Sh
| <PZTbdaTcWPch^daWP]SbP]SUTTcS^]^cR^\T]TPa
cWTRdccX]VPccPRW\T]cfWT]cWTT]VX]TXbad]]X]V
| FWT]cWTT]VX]TXbbfXcRWTS^UUZTT_h^daWP]SbP]S
UTTcPfPhUa^\cWTRdccX]VPccPRW\T]cd]cX[XcWPb
bc^__TSR^\_[TcT[h
| FPcRW^dcU^abcd\_b^UQaP]RWTbcWPcRP]QTcWa^f]
^dcSdaX]VRdccX]V
| 3^]^cRdcc^^R[^bTc^cWTVa^d]SBc^]TbP]S^cWTa
^Q TRcbRP]QTcWa^f]^dc
| 2WTRZcWTf^aZX]VPaTPU^aU^aTXV]^Q TRcbbdRWPb
T[TRcaXRXchRPQ[TbX]bTRcbP]SP]X\P[bTcR^a^cWTa
^Q TRcbcWPcR^d[SSP\PVTcWTRdccX]VPccPRW\T]c
bdRWPb\TcP[XcT\b
| 8UP]hU^aTXV]^Q TRcXbWXc^aXUeXQaPcX^]b^RRdabc^_cWT
\PRWX]TX\\TSXPcT[h3XbR^]]TRccWT7C[TPSUa^\
cWTb_PaZ_[dV2WTRZcWPccWT\PRWX]TXb]^c
SP\PVTSAT_PXaP]hSP\PVT
8<?>AC0=C
CWXbbTRcX^]cPZTbd_cWTQPbXRbPUTch_aTRPdcX^]bU^a
f^aZX]VfXcWPWTSVTcaX\\Ta
8Uh^dT]R^d]cTaPbXcdPcX^]fWTaTh^dPaTd]RTacPX]
W^fc^_a^RTTSh^dbW^d[SPbZP]Tg_Tac2^]cPRch^da
STP[Ta^ah^dabTaeXRTf^aZbW^_
0e^XSP[[dbPVTfWXRWh^dR^]bXSTac^QTQTh^]Sh^da
RP_PQX[Xch

F0A=8=6CWT\PRWX TRP RPdbT
bTaX^db_Tab^ P[X YdahATPScWTbPUTch
X bcadRcX^ bRPaTUd[[h;TPa W^fc^dbT
cWT\PRWX T

F0A=8=62dccX Vc^^[3^ ^cc^dRWcWT
c^^[fXcW^dcabcbfXcRWX V^UUcWT
T VX T

F>A:8=6C427=8@D4B
4]V[XbW }  $
| 8UP]hcWX]V P\bX]cWTQ[PSTbfWX[Th^dPaTf^aZX]V
bfXcRW^UUcWTT]VX]TP]SfPXcd]cX[XcWPbbc^__TS
R^\_[TcT[hQTU^aTR[TP]X]VcWTQ[PSTb3XbR^]]TRccWT
7C[TPSUa^\cWTb_PaZ_[dV
8UcWTQ[PSTbVTcbcdRZcWThRP]QT[^^bT]TSQh
bcXRZX]VcWTR^\QX]PcX^]b_P]]TaX]c^cWTVTPa
W^dbX]VAT\^eTcWT[dQaXRP]c_[dVP]SbcXRZcWT
R^\QX]PcX^]b_P]]TaX]c^cWTVTPaX]VP]Scda]XcQPRZ
P]SU^acW
BPUTchX bcadRcX^ bPUcTaR^\_[TcX Vf^aZ
| CWTcaP]b_^acVdPaSbW^d[SP[fPhbQTccTSc^cWT
RdccX]VPccPRW\T]cfWT]cWT\PRWX]TXb]^cX]dbT
| <PZTbdaTcWTRdccX]VPccPRW\T]cWPbbc^__TSQTU^aT
R[TP]X]VRPaahX]V^dcaT_PXab^aP]X]b_TRcX^]
3XbR^]]TRccWT7C[TPSUa^\cWTb_PaZ_[dV
| 0[fPhbfTPaWTPehSdchV[^eTbfWT]aT_PXaX]VcWT
RdccX]VPccPRW\T]cCWXbXbTgcaT\T[hbWPa_P]SRP]
TPbX[hRPdbTRdcb
| Bc^aTcWT\PRWX]T^dc^UaTPRW^URWX[SaT]
| DbT^][h^aXVX]P[b_PaT_PacbU^aaT_PXab
1PbXRf^aZX VcTRW X`dTb
| F^aZfXcWPbfX]VX]VPRcX^]Ua^\cWTQ^cc^\d_fPaSb
fWT]caX\\X]VbXSTb
| 0S dbccWTcWa^cc[TbTccX]Vc^bdXccWT[^PS
| FWT]caX\\X]VPWTSVTcWTT]VX]TbW^d[SP[fPhb
UPRTPfPhUa^\cWTWTSVT
| 7^[ScWT\PRWX]TPbR[^bTc^h^daQ^ShPb_^bbXQ[Tc^
VTccWTQTbcQP[P]RT
| <PZTbdaTcWPccWTcX_S^Tb]^cc^dRWcWTVa^d]S
| 3^]^cadbWcWTf^aZQdcf^aZbcTPSX[hd]cX[P[[cWT
QaP]RWTbWPeTQTT]RdcQPRZR[TP][h
4A6>;8C4%!'
CWTWTSVTcaX\\TaybaTPaWP]S[TRP]QTbTcX]eT
_^bXcX^]bQh_d[[X]V^dccWTRPcRWBTTVdaTFWT]cWT
WP]S[TXbPS dbcTScWTWTSVTcaX\\Ta\dbcQTXS[X]V^a
]^cad]]X]V
| FWX[Tf^aZX]VcWTWP]S[TbW^d[SP[fPhbQTUPRX]V
d_fPaSbXaaTb_TRcXeT^UW^fcWTWTSVTcaX\\TaXb
SXaTRcTS

<08=C4=0=24
%}4]V[XbW
2PaQdaTcc^a
0SYdbc\T c^UcWTXS[Tb_TTS
1TU^aTP]hPS dbc\T]cbPaT\PST\PZTbdaTcWPccWTPXa
[cTaXbR[TP]P]ScWTPXa[cTaR^eTaXbccTS<PZTbdaTcWT
bcPaccWa^cc[T_^bXcX^]XbSXbT]VPVTS
0S dbccWTXS[Tb_TTSdbX]VcWTXS[TPS dbc\T]cbRaTfCXU
XcXb]TRTbbPahc^aTPS dbc5Xabccda]cWTCbRaTfR[^RZfXbT
d]cX[cWTRdccX]VPccPRW\T]cbcPacbc^\^eTCWT]cda]cWT
bRaTfP]cXR[^RZfXbTd]cX[cWTRdccX]VPccPRW\T]cbc^_b
CWTXS[Tb_TTSXbR^aaTRc[hPS dbcTSfWT]cWTT]VX]Tad]b
b\^^cW[hX]TeTah_^bXcX^]CWTXS[Tb_TTSbW^d[SP[b^QT
fT[[QT[^fcWTb_TTSPcfWXRWcWTRdccX]VPccPRW\T]c
bcPacbc^\^eT
ATRXS[Tb_TTS) BTTcWTCTRW]XRP[SPcPbTRcX^]
<dUTa
20DC8>= B^\T\dUTabPaTccTSfXcWPRPcP[hcXR
R^]eTacTaBTTRWP_cTa^]CTRW]XRP[SPcPc^bTTfWTcWTa
h^da\PRWX]TXbccTSfXcWPRPcP[hcXRR^]eTacTa
CWT\dUTaXbSTbXV]TSc^aTSdRTcWT]^XbT[TeT[P]Sc^
SXaTRccWTTgWPdbcVPbTbPfPhUa^\cWT^_TaPc^aCWT
TgWPdbcVPbTbPaTW^cP]SRP]R^]cPX]b_PaZbfWXRW\Ph
RPdbTaTXUSXaTRcTSPVPX]bcSahP]SR^\QdbcXQ[T
\PcTaXP[
B^\T\dUTabPaTT`dX__TSfXcWPb_TRXP[b_PaZPaaTbc^a
\TbW8Uh^da\PRWX]TWPbcWXbch_T^U\dUTacWT\TbW
\dbcQTR[TP]TSCWXbXbQTbcS^]TfXcWPfXaTQadbW
>]\dUTabfXcW^dcPRPcP[hcXRR^]eTacTacWT\TbWbW^d[S
QTR[TP]TS^aaT_[PRTSXU]TRTbbPah^]RTPfTTZ
8UcWT
\TbWXbSP\PVTSXc\dbcQTaT_[PRTS
8UcWT\TbWXb
UaT`dT]c[hQ[^RZTScWXbRP]QTPbXV]cWPccWTRPaQdaTcc^a
XbX]R^aaTRc[hPS dbcTS^acWPcc^^\dRW^X[WPbQTT]\XgTS
fXcWcWT_Tca^[
>]\dUTabccTSfXcWPRPcP[hcXRR^]eTacTacWT\TbW
\dbcQTRWTRZTSP]SXU]TRTbbPahR[TP]TS\^]cW[h
8U
cWT\TbWXbSP\PVTSXc\dbcQTaT_[PRTS
8UcWT\TbW
XbUaT`dT]c[hQ[^RZTScWXbRP]QTPbXV]cWPccWT
_TaU^a\P]RT^UcWTRPcP[hcXRR^]eTacTaXbX\_PXaTS
2^]cPRch^daSTP[Tac^X]b_TRccWT\dUTa0Q[^RZTS
\TbWfX[[RPdbTcWT\PRWX]Tc^^eTaWTPcP]SaTbd[cX]
SP\PVTc^cWTRh[X]STaP]S_Xbc^]
20DC8>= =TeTadbTP\PRWX]TfXcWPSTUTRcXeT\dUTa
2^^[X VbhbcT\
C^ZTT_cWTf^aZX]VcT\_TaPcdaTPb[^fPb_^bbXQ[TcWT
\PRWX]TXbT`dX__TSfXcWPR^^[X]VbhbcT\
CWTR^^[X]VbhbcT\R^]bXbcb^U)
2^^[X]V]b^]cWTRh[X]STa
! 2h[X]STaR^eTaSXaTRcbR^[SPXa^eTacWTRh[X]STa
" 0XaX]cPZTcWa^dVWcWTRaP]ZRPbTX]bXSTcWTcP]Z
2[TP]cWTR^^[X]VbhbcT\fXcWPQadbW^]RTPfTTZ\^aT
^UcT]X]ST\P]SX]VR^]SXcX^]b0SXach^aQ[^RZTSR^^[X]V
bhbcT\aTbd[cbX]cWT\PRWX]T^eTaWTPcX]VfWXRWRPdbTb
SP\PVTc^cWT_Xbc^]P]SRh[X]STa
B_PaZ_[dV
CWTb_PaZ_[dVR^]SXcX^]XbX]dT]RTSQh)
| 8]R^aaTRcRPaQdaTcc^aPS dbc\T]c
| 0]X]R^aaTRcUdT[\XgcdaTc^^\dRW^aX]R^aaTRcch_T
^U^X[
| 0SXachPXa[cTa
CWTbTUPRc^abRPdbTST_^bXcb^]cWTb_PaZ_[dV
T[TRca^STbfWXRW\PhaTbd[cX]^_TaPcX]V_a^Q[T\bP]S
bcPacX]VSXURd[cXTb

F0A=8=68UcWTXS[Tb_TTSRP ^cQT
PSYdbcTSb^cWPccWTRdccX VPccPRW\T c
bc^_bR^ cPRch^daSTP[TabTaeXRT
f^aZbW^_3^ ^cdbTcWT\PRWX Td cX[
XcWPbQTT R^aaTRc[hPSYdbcTS^a
aT_PXaTS

F0A=8=6<dUTabccTSfXcWRPcP[hcXR
R^ eTacTabVTceTahW^cSdaX VdbTP S
aT\PX b^U^ab^\TcX\TPUcTabc^__X V
CWXbP[b^P__[XTbPcXS[Tb_TTS2^ cPRc
RP aTbd[cX Qda bc^cWTbZX 
AT\T\QTacWTaXbZ^UaT

<08=C4=0=24
4]V[XbW }  &
8UcWT\PRWX]TXb[^f^]_^fTaSXURd[cc^bcPac^aad]b
_^^a[hPcXS[Tb_TTS)P[fPhbRWTRZcWTb_PaZ_[dVabc
QTU^aTcPZX]VP]hUdacWTaPRcX^]8UcWTb_PaZ_[dVXbSXach
R[TP]XcP]SRWTRZcWPccWTT[TRca^STVP_Xb$\\CWT
b_PaZ_[dVbW^d[SQTaT_[PRTSPUcTaPQ^dcP\^]cWX]
^_TaPcX^]^aTPa[XTaXU]TRTbbPah
20DC8>= 0[fPhbdbTcWTaTR^\\T]STSb_PaZ_[dV
ch_TDbT^UcWTfa^]Vb_PaZ_[dVRP]SP\PVTcWT_Xbc^]
Rh[X]STa2WTRZcWPccWTb_PaZ_[dVXbccTSfXcWP
bd__aTbb^a
0Xa[cTa
CWTPXa[cTa\dbcQTaTVd[Pa[hR[TP]TSc^aT\^eTSdbc
P]SSXacX]^aSTac^Pe^XS)
| 2PaQdaTcc^a\P[Ud]RcX^]b
| BcPacX]V_a^Q[T\b
| ;^bb^UT]VX]T_^fTa
| D]]TRTbbPahfTPac^T]VX]T_Pacb
| 4gRTbbXeTUdT[R^]bd\_cX^]
2[TP]cWT[cTaTeTah!$W^dab^a\^aTaTVd[Pa[hXU
R^]SXcX^]bPaTTgRT_cX^]P[[hSdbch
2[TP X VcWTPXa[cTa
AT\^eTcWTPXa[cTaR^eTaP]ScPZT^dccWT[cTaFPbWXc
R[TP]X]fPa\b^P_hfPcTa0[[^fcWT[cTac^SahP]ScWT]
^X[XcX]PRR^aSX]Vc^cWTX]bcadRcX^]b
0]PXa[cTacWPcWPbQTT]X]dbTU^aP[^]VcX\TRP]]^cQT
R[TP]TSR^\_[TcT[hCWT[cTa\dbccWTaTU^aTQTaT_[PRTS
fXcWP]Tf^]TPcaTVd[PaX]cTaeP[b
0SP\PVTSPXa[cTa
\dbcP[fPhbQTaT_[PRTS
>X[X VcWTPXa[cTa
0[fPhbdbT[cTa^X[Pac]^$" (!#'CWT[cTa^X[
R^]cPX]bPb^[eT]cc^\PZTXcb_aTPSTeT][hcWa^dVWcWT
[cTaH^dbW^d[ScWTaTU^aTPe^XSbZX]R^]cPRc
?dccWT[cTaX]P_[PbcXRQPVP]S_^dacWT[cTa^X[^eTaXc
:]TPScWT_[PbcXRQPVc^SXbcaXQdcTcWT^X[B`dTTiTcWT
TgRTbb^X[^dc^UcWT[cTaX]bXSTcWT_[PbcXRQPVP]S_^da
^UUcWTTgRTbbQTU^aTccX]VcWT[cTac^cWT\PRWX]T=TeTa
dbTR^\\^]T]VX]T^X[CWXbf^d[SSaPX]cWa^dVWcWT[cTa
`dXcT`dXRZ[hP]SR^[[TRcX]cWTQ^cc^\
6TPa
CWTaTXbP_[dVU^a[[X]V[dQaXRP]c^]cWTVTPaW^dbX]V
DbTcWTVaTPbTcdQTc^[[fXcWVaTPbTP]SaT_TPcTeTah
!$W^dabDbT7db`ePa]Pybb_TRXP[VaTPbT
20DC8>= CWTVTPaW^dbX]V\dbc]^cQT[[TS
R^\_[TcT[hfXcWVaTPbTCWTVaTPbTTg_P]SbPbcWT
\PRWX]TWTPcbd_SdaX]V^_TaPcX^]8UcWTVTPaW^dbX]V
fPbR^\_[TcT[h[[TSfXcWVaTPbTXcR^d[SSP\PVTcWT
bTP[bP]S[TPSc^[TPZPVT^UVaTPbT
CWTVaTPbTX]cWTQTeT[VTPaS^Tb]^c]^a\P[[h]TTSc^
QTRWP]VTSTgRT_cXUaT_PXabPaTRPaaXTS^dc
2dccX Vd Xc
2WTRZcWPccWTRdccX]Vd]XcbbRaTfbPaTccTSR^aaTRc[h
CXVWcT]cWT\fXcWPcXVWcT]X]Vc^a`dT^U& =\

<08=C4=0=24
'}4]V[XbW
2[TP X VP S[dQaXRPcX^
2[TP]P]haTbX]P]S_[P]caTbXSdTUa^\cWTQ[PSTbdbX]V
R[TP]X]VPVT]c$" &$ "D;!!QTU^aTP]SPUcTa
dbX]VcWT\PRWX]T
2WTRZcWPccWTQ[PSTTSVTbPaT]^cSP\PVTS^a
STU^a\TS5X[TPfPhP]hQdaab
2WTRZcWPccWTQ[PSTb\^eTUaTT[hAT\^eTcWT
[dQaXRPcX^]_[dVX]cWTVTPaW^dbX]VP]SbcXRZX]cWT
R^\QX]PcX^]b_P]]TaP]Scda]QPRZP]SU^acW
;dQaXRPcTcWTQ[PSTQPabfXcWb_TRXP[VaTPbT_Pac]^$" 
&$ !D;! QTU^aT[^]V_TaX^Sb^Ubc^aPVT

4]V[XbW} (
<08=C4=0=24
<PX cT P RTbRWTSd[T
CWTU^[[^fX]VXbP[Xbc^UcWT\PX]cT]P]RTcWPc\dbcQT_TaU^a\TS^]cWT\PRWX]T<^bc^UcWTXcT\bPaTSTbRaXQTSX]cWT
<PX]cT]P]RTbTRcX^]CWTdbTa\dbc^][hRPaah^dccWT\PX]cT]P]RTP]SbTaeXRTf^aZSTbRaXQTSX]cWXb>_TaPc^ayb
<P]dP[<^aTTgcT]bXeTf^aZ\dbcQTRPaaXTS^dcQhP]PdcW^aXiTSbTaeXRTf^aZbW^_
<PX cT P RT 1TU^aTdbT) 0UcTa#W^dab
X dbT 0UcTa W^dab X dbT
2[TP]cWT^dcbXST^UcWT\PRWX]T 0UcTaTPRWcX\TcWT\PRWX]TXbdbTS
<PZTbdaTcWTcWa^cc[TcaXVVTa[^RZP]ScWTcWa^cc[TUd]RcX^]
R^aaTRc[hUa^\PbPUTch_^X]c^UeXTf G
8]^aSTac^aTSdRTcWTaXbZ^UaTSXac[TPeTbP]Sbda_[db
[dQaXRP]cTcR\dbcQTR[TP]TSUa^\cWT\dUTaTgWPdbc
_X_TP]ST]VX]T G
2WTRZcWPccWTbc^_bfXcRWf^aZbR^aaTRc[h G
2WTRZcWPccWTQ[PSTbS^]^c\^eTfWT]cWTT]VX]TXb
XS[X]V G
2WTRZcWPccWTQ[PSTbPaTd]SP\PVTSP]SbW^f]^bXV]b
^URaPRZX]V^a^cWTaSP\PVTAT_[PRTcWTQ[PSTbXU
]TRTbbPah G
2WTRZcWPccWTQ[PSTVdPaSXb]^cSP\PVTS^aSXbc^acTS
AT_[PRTcWTQ[PSTXUcWTQ[PSTVdPaSXbQT]c^aSP\PVTS G
AT_[PRTcWTRdccX]Vd]XcXUXcXbQT]c^aSP\PVTS G
2WTRZcWPccWTWP]SVdPaSXb]^cSP\PVTSAT_[PRTcWT
VdPaSXUSP\PVTS G
2WTRZcWPc]dcbP]SbRaTfbPaTcXVWc G
2WTRZcWPccWTaTPaT]^UdT[[TPZbUa^\cWTT]VX]TcP]Z^a
UdT[[X]Tb G
2[TP]cWTPXa[cTaP]S^X[XcX]
2[TP]\^aT^UcT]XUR^]SXcX^]bPaTTgRT_cX^]P[[hSdbch !$cX\
2WTRZcWTbcPacTaP]SbcPacTaR^aS G
2WTRZcWPccWTeXQaPcX^]SP\_X]VT[T\T]cbPaT]^c
SP\PVTS G
2[TP]cWT^dcbXST^UcWTb_PaZ_[dVAT\^eTXcP]SRWTRZ
cWTT[TRca^STVP_0S dbccWTVP_c^$\\^aaT_[PRTcWT
b_PaZ_[dV2WTRZcWPccWTb_PaZ_[dVXbccTSfXcWP
bd__aTbb^a
G
2[TP]cWT\PRWX]TybR^^[X]VbhbcT\ G
2[ TP]cWT^dcbXST^UcWTRPaQdaTcc^aP]ScWTb_PRTPa^d]SXc G
5X[[cWTVTPaW^dbX]VfXcWVaTPbTCWXbbW^d[SQTRPaaXTS^dc
P__a^gX\PcT[hTeTah!$f^aZX]VW^dab G
2WTRZcWPccWTbRaTfbcWPcW^[ScWTQ[PSTbc^VTcWTaPaT
R^aaTRc[hcXVWcT]TS G
2WTRZP]SR[TP]cWTb_PaZPaaTbc^a\TbW^]cWT\dUTa
^][hP__[XTbc^\dUTabccTSfXcWPRPcP[hcXRR^]eTacTa G
2[TP]cWTX]bXST^UcWTUdT[cP]Z G
2WTRZcWTX]bXST^UcWTUdT[[cTaU^aP]hSXac^aXUcWTUdT[
W^bTWPbP]hRaPRZb^a^cWTaSTUTRcbAT_[PRTXU]TRTbbPah G
2WTRZP[[RPQ[TbP]SR^]]TRcX^]b G
2WTRZcWTR[dcRWR[dcRWb_aX]VbP]ScWTR[dcRWSad\U^afTPa
AT_[PRTXU]TRTbbPahQhP]Pdc^aXiTSbTaeXRTf^aZbW^_
G
AT_[PRTcWTb_PaZ_[dV2WTRZcWPccWTb_PaZ_[dVXbccTS
fXcWPbd__aTbb^a G

!}4]V[XbW
C427=820;30C0
CTRW XRP[SPcP
=^cT )=^XbTT\XbbX^]bX]cWTT]eXa^]\T]c\TPbdaTSPbb^d]S_^fTa;
F 0
X]R^]U^a\XchfXcW42SXaTRcXeT! #
42AT_^acTSb^d]S_^fTa[TeT[U^acWT\PRWX]TWPbQTT]\TPbdaTSfXcWcWT^aXVX]P[RdccX]VPccPRW\T]ccWPcVXeTbcWT
WXVWTbc[TeT[CWTSXUUTaT]RTQTcfTT]VdPaP]cTTSP]S\TPbdaTSb^d]S_^fTaXbcWPccWTVdPaP]cTTSb^d]S_^fTaP[b^
X]R[dSTbSXb_TabX^]X]cWT\TPbdaT\T]caTbd[cP]ScWTePaXPcX^]bQTcfTT]SXUUTaT]c\PRWX]Tb^UcWTbP\T\^ST[
PRR^aSX]Vc^3XaTRcXeT! #42
=^cT!)AT_^acTSSPcPU^aT`dXeP[T]cb^d]S_aTbbdaT[TeT[U^acWT\PRWX]TWPbPch_XRP[bcPcXbcXRP[SXb_TabX^]bcP]SPaS
STeXPcX^]^U S10
=^cT")AT_^acTSSPcPU^aT`dXeP[T]ceXQaPcX^][TeT[WPbPch_XRP[bcPcXbcXRP[SXb_TabX^]bcP]SPaSSTeXPcX^]^U \b
!

CTRW XRP[SPcP BD?4A;8C4#$!' 4A6>;8C4%!'
4 VX T
2h[X]STaSXb_[PRT\T]cR\
"
! & ! &
2h[X]STaQ^aT\\ "! "!
Bca^ZT\\ !& !&
8S[Tb_TTSa_\ !' !'
ATR^\\T]STS\Pgb_TTSa_\ ( (
<PgT]VX]T^dc_dcPRRc^8B>''("ZFa_\ %&' %&'
2PcP[hcXRR^]eTacTa\dUTa HTb HTb
B_TTSaTVd[PcTSXV]XcX^]bhbcT\ HTb HTb
8V XcX^ bhbcT\
B_PaZ_[dV =6:2<A%0 =6:2<A%0
4[TRca^STVP_\\ $ $
5dT[P S[dQaXRPcX^ bhbcT\
5dT[cP]ZRP_PRXch[XcaT " "
FTXVWc
FTXVWcfXcW^dcUdT[ZV #' $
=^XbTT\XbbX^ b
bTT]^cT 
B^d]S_^fTa[TeT[\TPbdaTSS10  
B^d]S_^fTa[TeT[VdPaP]cTTS;
F0
S10  
B^d S[TeT[b
bTT]^cT!
4`dXeP[T]cb^d]S_aTbbdaT[TeT[PccWT^_TaPc^aybTPa\TPbdaTS
PRR^aSX]Vc^4=8B> $ &S10) (" ("
EXQaPcX^ [TeT[b
bTT]^cT"
4`dXeP[T]ceXQaPcX^][TeT[bP
WeT`
PcWP]S[Tb\TPbdaTSPRR^aSX]Vc^4=
8B> $ &\b
!
5a^]caTPaWP]S[Tb) "$## # #!
1[PSTb
Ch_T 3^dQ[TbXSTS 3^dQ[TbXSTS
;T]VcW\\ #$ $(
1[PSTb_TTSRdcb\X] #$ #$