Motrec G-320HD Installation instructions

G-320HD
OPERATOR AND MAINTENANCE MANUAL
SPARE PARTS LISTS INCLUDED
SERIAL NUMBER : 1032157 & UP
Printed in Canada

26/04/2006
One Year Limited Warranty
Effective April 25, 2005, MOTREC, Inc. (MOTREC) hereby warrants to the Original Retail Purchaser (Owner) that any of its
vehicles shall be free from any defect in materials for a period of 90 DAYS while in the possession of such Original Retail
Purchaser. This warranty IS NOT TRANSFERABLE to any subsequent Buyer.
The warranty period is extended to one year or one thousand (1,000) hours, which ever first occurs, on the electric motor,
differential (parts that bathe in oil) and the electronic speed controller. MOTREC makes no warranty or representation with
respect to the internal combustion engine, tires and batteries, since their respective manufacturers cover such parts.
Accessories (light, gage, horn, etc), electrical contacts (switch, solenoid, contactor, relay), diodes & fuses, belts & pulleys,
filters & spark plugs, lubricants, brake linings & shoes, brake drums & discs, seals, seats, trim and other items subject to
wear are not included in this warranty; nor is any item that in MOTREC sole opinion, shows evidence of neglect, misuse,
abuse, collision or alteration.
This warranty shall not apply to normal maintenance requirements as described in the User Manual, and to damages during
shipment. The latter is the carrier's responsibility. No compensation will be allowed for delays.
To initiate warranty coverage on any MOTREC vehicle, the Dealer must complete and return the “Sales/Installation Report”
to MOTREC within 30 days after delivery to the Original Retail Purchaser; or within 90 days after the delivery date to the
Dealer, which ever occurs first. Failure to follow these procedures will result in considering the warranty coverage effective
as of the shipment date from the factory.
The defective vehicle must be returned, at the Owner's expense, to an authorised MOTREC Dealer within 30 days after
failure. The Owner will not be charged for parts and labour required for warranty repairs, which must be performed by an
authorised MOTREC Dealer only. The vehicle will be returned at the owner’s expense. The Warranty Claim Forms must be
completed and returned with the defective part(s) to MOTREC within 30 days after repair was done. No compensation will be
allowed for damages caused by vehicle downtime.
It is the responsibility of the owner of the vehicle to make sure that the driver is properly trained and instructed in the safety
features and operation of the vehicle, including vehicle stability, as required by OSHA and ANSI-B56. Operators shall read,
understand and follow the safety and operating instructions in MOTREC Manual before driving the vehicle. Operators shall
not be permitted to drive the vehicle unless a complete and adequate training has been provided. Driving a vehicle
constitutes a hazard. The driver is responsible for the control of the vehicle while driving and must always evaluate and care
for all peculiar situations that he or she may meet while driving. The driver assumes the inherent hazards related to this
activity. The vehicle is designed for off-road use only. MOTREC disclaims any liability for incidental or consequential
damages, to include, but not be limited to, personal injury or property damage arising from vehicle misuse, lack of
maintenance or any defect in the vehicle.
It is the responsibility of the Owner of the vehicle to make sure that the service technicians are properly trained as required
by OSHA and ANSI-B56. Service technicians shall read, understand and follow instructions in the MOTREC manual before
servicing the vehicle. Only qualified and authorized personnel shall be permitted to maintain, repair, adjust and inspect the
vehicle.
MOTREC prohibits, and disclaims responsibility for, any vehicle modification altering the weight distribution and stability,
increasing the speed or affecting the safety of the vehicle. Such modifications can cause serious personal injury or property
damage for which MOTREC disclaims any responsibility.
For Owners that are located outside North America, the warranty period starts the date of shipment from the factory, and the
defective parts must be returned at the Owner's expense to MOTREC prior to warranty repair.

Table of contents
- 3 -
TABLE OF CONTENTS
INSTRUCTIONS 4
SAFETY WARNINGS FOR OPERATORS 5
VEHICLE CONTROLS (HYDROSTATIC) 6
MAINTENANCE 7
SAFETY WARNINGS FOR SERVICE TECHNICIANS 8
DECALS AND LABELS 9
PREVENTIVE MAINTENANCE SCHEDULE -MOTREC I.C. UNITS 10
OIL GRADE CHART 11
HYDRAULIC BRAKES 12
FRONT AXLE AND STEERING 13
HYDROSTATIC PUMP –PORTS AND ADJUSTING SCREWS 14
KOHLER ENGINE -SAFETY PRECAUTIONS 15
OIL AND FUEL RECOMMANDATIONS 17
KOHLER ENGINE -OPERATING INSTRUCTIONS 19
KOHLER ENGINE -MAINTENANCE INSTRUCTIONS 21
KOHLER ENGINE –SPECIFICATIONS 28
KOHLER ENGINE –WARRANTY 29
SPARE PARTS 31
BODY, CAB, SEATS, TIRE 32
HYDROSTATIC DRIVE, REAR AXLE AND SUSPENSION 33
BRAKE CONTROLS 34
FRONT ASSEMBLY 35
ENGINES MUFFLER &MOUNTING 37
ELECTRICAL DIAGRAM –KOHLER START /CHARGE CIRCUIT 39
ELECTRICAL DIAGRAM –KOHLER TRANSMISSION /ENGINE MANAGEMENT 40
ELECTRICAL DIAGRAM –KOHLER ACCESSORIES 41
HYDRAULIC DIAGRAM 43
MOTREC ILLUSTRATED ACCESSORIES 46

Instructions
- 4 -
INSTRUCTIONS

Instructions
- 5 -
SAFETY WARNINGS FOR OPERATORS
•FAILURE TO OBEY THE FOLLOWING SAFETY RULES MAIN RESULT IN SEVERE INJURY.
•It is the responsibility of the owner of this vehicle to train operators to ensure that they understand the operating
characteristics of this vehicle, including training in vehicle stability, and obey the following safety rules and
guidelines. Owner shall comply with OSHA and ASME/ANSI B56.8 & B56.9 regulations for vehicle use,
safety rules, operator training and certification. Do not drive this vehicle unless you are a qualified operator.
•Do not drive this vehicle under the influence of drugs or alcohol.
•Do not drive this vehicle on public roads and highways. This vehicle is designed to be driven in buildings.
•This vehicle can make sparks which can ignite inflammable materials. Never use the vehicle in hazardous areas
where there are inflammable materials, explosive dust or fumes in the air.
•Never run the engine in a confined area and avoid inhaling engine poisonous fumes which contain CO.
•Have your vehicle inspected regularly by trained personnel, and cease operation if a malfunction occurs.
•Do not open motor compartment. Keep clear from moving, rotating(wheels, sheaves, etc) or lifting parts.
•Keep clear from hot parts of exhaust system.
•Never carry more passengers than number allowed for this vehicle. Wait until all occupants are seated and
holding on before moving. Always keep all body parts inside vehicle. Keep both hands on steering wheel.
•Do not exceed the vehicle cargo load capacity and gross trailing weight capacity, rated for flat hard even surface.
Different operating conditions such as loose terrain or ramps reduce vehicle capacity.
•Avoid loose, unbalanced or top-heavy loads to keep a good stability and prevent overturn. Do not load cargo that
can fall off the vehicle. Do not carry cargo that is longer, wider or higher than this vehicle.
•Always depress slowly the accelerator for smooth acceleration. Avoid stunt driving or horseplay.
•Avoid sharp turns, always slow down before turning, to prevent vehicle overturn or trailer jack knife. Vehicle is
more sensitive to overturn and jack knife when traveling on inclines or when carrying a heavy load.
•Always drive straight up and down the face of an incline, never across the face, to prevent overturn and trailer
jack knife. Drive slower and start applying brakes sooner on inclines to adjust for longer stopping distance.
•Use extra care and drive slowly in reverse, in congested areas or on wet or slippery ground.
•Keep to the right under normal conditions. Maintain a safe distance from all objects.
•Slow down and sound the horn when approaching a corner or other blind intersections.
•Before leaving the vehicle, park on level ground flat surface, turn off all switches, set forward/reverse selector to
neutral, set parking brake, remove the key. Do not park the vehicle on an incline.
•Use another driver to steer this vehicle while it is towed. Be sure the driver uses brakes when you slow or stop
the towing vehicle. Do not exceed 5 MPH or carry any passenger while towing this vehicle.

Instructions
- 6 -
VEHICLE CONTROLS (HYDROSTATIC)
Fuel Tank
The fuel tank is located on the right (G-320HD, G-500) or rear (G-660). Do not remove the fuel cap
while the engine is running. Do not fill the fuel tank to point of overflowing. Use clean, fresh, lead-free
gasoline intended for automotive use. A minimum of 85 octane is recommended. Do not mix oil with
gasoline.
Engine Oil
Check the oil level when the engine is not running. Kept clear from moving parts, pulley, belt.
Hydraulic oil tank
The hydraulic oil tank is located on the left side. Do not remove the oil cap while the engine is running.
Do not fill the oil tank to point of overflowing. Use hydraulic oil meeting ISO VG-46
Oil sentry
When the red light on the instrument panel turns on, the engine oil pressure is too low, or engine
temperature is too high. Therefore, the engine must be serviced to avoid serious damage.
Horn button
The horn button is located on the steering column.
Park brake lever
To actuate the parking brake, depress the brake pedal and pull up the hand lever located between the
front seats. Never park on an incline. Always set the parking brake before leaving the vehicle.
Accelerator and brake pedals
The accelerator and brake pedals operate the same way as the pedals of an automobile. Depress the
accelerator pedal with the right foot to speed the vehicle up and release it to slow down. Depress the
brake pedal with the right foot to reduce the vehicle speed.
Forward/Reverse Selector
Shift only when the vehicle is not moving and engine is at idle speed. Before leaving the vehicle, set
the FWD/REV selector to NEUTRAL and set the parking brake.
Manual Choke
GAS ENGINE: before starting a cold engine, pull out the choke knob and depress the accelerator pedal
halfway to the floor; as the engine warms up, push the knob in until the engine responds properly.
LPG ENGINE: before starting the engine, pull out the choke and depress the accelerator pedal halfway
to the floor; while starting, after two seconds, push the knob halfway; as the engine warms up, push the
knob in until the engine responds properly.
Key switch / starter
Before starting, set the F/R selector in NEUTRAL. To avoid starter damage do not crank the engine
continuously for more than 10 seconds at a time; wait 60 seconds before attempting to start again.
Remove key from key switch before leaving the vehicle.

Maintenance
- 7 -
MAINTENANCE

Maintenance
- 8 -
SAFETY WARNINGS FOR SERVICE TECHNICIANS
FAILURE TO OBEY THE FOLLOWING SAFETY RULES MAIN RESULT IN SEVERE INJURY.
Owner shall comply with OSHA and ASME/ANSI B56.8 & B56.9 regulations for vehicle maintenance.
Only qualified and authorized personnel shall be permitted to maintain, repair, adjust and inspect carriers,
vehicles, tractors, and batteries.
Maintenance operations must be made by properly trained service technicians.
Before any maintenance work, park the vehicle on a flat level surface, set the shift lever to park, turn off all
the switches, remove the key, lift the wheels off the ground and secure with jack stands of adequate capacity.
Keep clear from moving parts such as tires, sheaves, drive shaft and engine.
Keep clear from hot parts of exhaust system.
Avoid increasing engine RPM and vehicle speed to prevent accident and severe injuries.
Follow the maintenance instructions applicable to the type of repair, maintenance, or service.
Always wear a face shield and gloves when working around batteries. Use insulated tools to avoid sparks
that can cause battery explosion and acid splashing. Use two counteracting tools, double-wrench technique,
when disconnecting or tightening terminals on the battery to avoid damaging battery posts.
Keep cables and wires clear from mechanical and rubbing action. Make sure cable covering is free from
cutting or visible damage.
Before replacing a fuse or circuit breaker, identify the cause of failure and repair.
Always ensure the integrity of the warning labels. If they suffered damage and are not readable, replace them
promptly. The following images depict the dashboard and general security warning labels:

Maintenance
- 9 -
DECALS AND LABELS
! CAUTION !
The images included in this section depict the decals/markings installed on the vehicle. It is of
the utmost importance that theses decals/markings remain unaltered and readable. Else, the
sticker or the part baring the marking has to be replaced.
Dashboard security warning label:
General security warning label:
Respectively, key switch markings, forward/reverse selector markings and light switch marking:

Maintenance
- 10 -
PREVENTIVE MAINTENANCE SCHEDULE - MOTREC I.C. UNITS
! WARNING ! Read safety instructions before maintenance operations to avoid severe injury.
! WARNING ! Maintenance operations must be made by properly trained service technicians.
Follow OSHA and ANSI B56 regulations.
Change engine oil after first 8 hours of use. S/N: _________________ Hour Meter reading: ________
ESTIMATED TIME (MINUTES)
PERIOD
DESCRIPTION SHIFT START 100H 200 H 1000 H YEAR
CHECK
Stop engine, check engine oil level. 3
Check vehicle for visual damage 2
Examine floor around and beneath unit for signs of
transmission oil, differential oil, brake fluid leaks. 2
Turn steering, check for hard steering, excessive
free play, or unusual sound when turning. 1
Check accelerator for free & smooth movement. 2
Shift in neutral, before starting engine. 1
Check reverse alarm, horn, strobe light. 2
Check brake pedal travel and parking brake for
secure hold. Start slowly and check service brake. 2
Check tire pressure, see pressure rating on tire 5
Check transmission & hydraulic oil level, if appl. 5
Check radiator coolant level, if applicable. 2
Check master cylinder fluid level (DOT 3) 2
Check brake pedal travel 1
Turn front wheels straight, check steering play 1
Check parking brake, requires 10 lbs. force to apply 1
Check brake lines and drive for leaks 5
Check fuel pipe, hose, clamps for damage & leaks 5
Check radiator fan belt, CVT belt, if applicable 3
Service air filter, check intake pipe & clamps 5
Check muffler, exhaust pipe, clamps, spark arrester 5
Air cooled engines only, change engine oil 20(X)
Water-cooled engines only, change engine oil X(20)
WARNING LABELS & MARKINGS 2
Inspect wheel bearings and king pins for play 8
Inspect steering suspension linkages & frame. 10
Check pedal & master cylinder linkages for wear 10
Check service brake linings and linkages for wear 15
Check Spark Plugs 20
Change Oil Filter 20
Change air filter 10
Clean radiators and engine shrouds 20
Lubricate the vehicle 5
Service fuel filter, LP vaporizer & regulator 20
Check engine valve clearance & seats 40
Check ignition wires, tighten all nuts and bolts 20
Change differential oil, transmission oil & filter 20
Clean & repack front hubs 20
Flush/change brake fluid 30
Flush/change radiator coolant, if applicable 30
TOTAL TIME (MINUTES) 15 60 120 120 60

Maintenance
- 11 -
OIL GRADE CHART
Vehicle system Oil grade Note
KOHLER engine
Above +32°F 10W-30
Below +32°F 5W-30
KUBOTA engine
Above 77°F 30 or 10W-30 or 10W-40
+32°F to 77°F 20 or 10W-30 or 10W-40
Below +32°F 10W or 10W-30 or 10W-40
Hydrostatic transmission ISO VG46
Brakes DOT 3 DMVSS116 standard

Maintenance
- 12 -
HYDRAULIC BRAKES
DRUM BRAKES
Remove brake drums and check linings wear; the linings should have a thickness exceeding 1/16" (1.5
mm). Turn the brake adjustment to reduce the clearance between lining and drum but avoid contact or
drag when the wheels are turned and the pedal is released.
DISC BRAKES
Check pad linings for excessive wear; the linings should have a thickness exceeding 1/16" (1.5 mm).
Disc brakes are self-adjusting.
BRAKE PEDAL
If the brake pedal becomes soft or spongy, air may have entered the hydraulic system and the brake
system has to be bled:
1. fill the master cylinder with brake fluid (DOT-3);
2. bleed front callipers one at a time by having someone applying a steady pressure on the brake
pedal, and close the bleeder before allowing the brake pedal to return to up position;
3. fill the master cylinder with brake fluid (DOT-3);
4. bleed rear wheel brakes one at a time, following the same procedure;
5. fill the master cylinder with brake fluid (DOT-3);
6. clean every fitting and line, remove traces of oil;
7. apply a continuous pressure on the brake pedal for about five minutes ;
8. Finally, inspect brake lines and fittings for leaks ;

Maintenance
- 13 -
FRONT AXLE AND STEERING
! CAUTION !
Before maintenance, turn off all switches, set to neutral, set parking brake, remove the key,
and raise the front end of the vehicle supporting it with two jack stands of adequate capacity
STEERING INSPECTION
−Check tire inflation pressure, suspension components, tie rods straightness, tie rod ends play
(wear), play (wear) in wheel bearings, kingpins and bushings.
REPLACING & ADJUSTING THE STEERING GEAR
−Remove the pitman arm;
−The steering box makes 6.5 turns, center the steering gear (3.25 turns from either side);
−Align the front wheel straight. Install the pitman arm.
TOE-IN ADJUSTEMENT
−With the wheels in straight forward direction, measure the inside (left to right) distance between
the front tires, at the front and rear of the tires;
−Turn the rear tie rod until the distances are equal and tighten the two lock nuts on the tie rod.
REMOVING & GREASING OF FRONT HUBS, required once-a-year
−Remove dust cap and cutter pin, unscrew nut, remove hub;
−Inspect bearings and races for wear and replace worn bearings;
−Replace the seal;
−Pack the hub with wheel bearing grease and re-assemble.
ADJUSTING FRONT HUBS
−Tighten spindle nut to 30 ft-lb to seat the bearing and back off the nut to the next slot;
−Install a new cutter pin and the dust cap.

Maintenance
- 14 -
HYDROSTATIC PUMP – PORTS AND ADJUSTING SCREWS
1 MACHINE RPM START-UP ADJUSTING SCREW
Turn CW to increase RPM
2 POWER LIMITER ADJUSTING SCREW
Turn CW to increase power
3 MINIMUM CHARGE PRESSURE ADJUSTING SCREW
Turn CW to increase pressure
4 CHARGE PRESSURE ADJUSTING SCREW
Turn CW to increase pressure
P1 CHARGE PRESSURE INTAKE
M1 HIGH PRESSURE SIDE A
M2 HIGH PRESSURE SIDE B

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MKRMXMSR E[E]
)\TPSWMZI*YIPGERGEYWIJMVIWERH
WIZIVIFYVRW
7XST IRKMRIFIJSVI JMPPMRKJYIP XERO
;%62-2+
- 16 -

*MKYVI8]TMGEP'SQQERH,SVM^SRXEP7LEJX04+EW*YIPIH)RKMRI
)PIGXVMG7XEVXIV
(MTWXMGO
3MP*MPXIV
%MV 'PIERIV
:ETSVM^IV
04+6IKYPEXSV
3MP6IGSQQIRHEXMSRW
9WMRKXLITVSTIVX]TIERH[IMKLXSJSMPMRXLIGVEROGEWI
MWI\XVIQIP]MQTSVXERX7SMWGLIGOMRKSMPHEMP]ERH
GLERKMRKSMPVIKYPEVP]9WMRKSMPXLEXMWMRGSVVIGXSVHMVX]
GERGEYWITVIQEXYVIIRKMRI[IEVERHJEMPYVI
7]RXLIXMGSMPMWVIGSQQIRHIHJSVYWIMR04+JYIPIH
IRKMRIWFIGEYWIXLIVIMWPIWWS\MHEXMSRSVXLMGOIRMRK
ERHHITSWMXEGGYQYPEXMSRSRMRXEOIZEPZIWMW
WYFWXERXMEPP]VIHYGIH'SRZIRXMSREPTIXVSPIYQFEWIHSMP
QE]FIYWIHFYXZEPZIWIVZMGI[MPPFIVIUYMVIHIZIV]
LSYVWXSVIQSZIXLIEGGYQYPEXIHHITSWMXW
(YEPJYIPIHIRKMRIWGERYWIGSRZIRXMSREPSMP[MXLSYX
VIUYMVMRKWTIGMEPEHHMXMSREPZEPZIWIVZMGI
3MP8]TI
9WILMKLUYEPMX]SMPSJ%4-%QIVMGER4IXVSPIYQ
-RWXMXYXIWIVZMGIGPEWW7+7,7.SVLMKLIV7IPIGX
XLIZMWGSWMX]FEWIHSRXLIEMVXIQTIVEXYVIEXXLIXMQISJ
STIVEXMSREWWLS[RMRXLIJSPPS[MRKXEFPI
238) 9WMRKSXLIVXLERWIVZMGIGPEWW7+7,7.SV
LMKLIVSMPSVI\XIRHMRKSMPGLERKIMRXIVZEPW
PSRKIVXLERVIGSQQIRHIHGERGEYWIIRKMRI
HEQEKI
%PSKSSVW]QFSPSRSMPGSRXEMRIVWMHIRXMJMIWXLI%4-
WIVZMGIGPEWWERH7%)ZMWGSWMX]KVEHI7II*MKYVI
9WISJW]RXLIXMGSMPMWVIGSQQIRHIH
*MKYVI:MWGSWMX]+VEHIW8EFPI
*MKYVI3MP'SRXEMRIV0SKS
6IJIVXSw1EMRXIRERGI-RWXVYGXMSRWxFIKMRRMRKSR
TEKIJSVHIXEMPIHSMPGLIGOSMPGLERKIERHSMP
JMPXIVGLERKITVSGIHYVIW
- 17 -

04+)RKMRIW
04+*YIP6IGSQQIRHEXMSRW
0MUYIJMIH4IXVSPIYQ+EW04+JVSQERETTVSTVMEXI04
JYIPXEROWYTTPMIHWITEVEXIP]MWVIUYMVIHXSSTIVEXIXLMW
IRKMRI
;%62-2+ 4VIWWYVM^IH04+
;%62-2+)\TPSWMZI*YIP
*YIP8]TI
8LMWIRKMRIMWGIVXMJMIHXSSTIVEXISR0MUYIJMIH4IXVSPIYQ
+EW04+
(YEP*YIP )RKMRIW
(YEPJYIPIRKMRIWEVIHIWMKRIHXSSTIVEXISRIMXLIV04+
SVKEWSPMRI*SV04+STIVEXMSRXLIEFSZIMRJSVQEXMSR
ERH[EVRMRKWETTP]*SVKEWSPMRISTIVEXMSRXLIJSPPS[MRK
MRJSVQEXMSRERH[EVRMRKWETTP]
*YIP6IGSQQIRHEXMSRW
;%62-2+)\TPSWMZI*YIP
+IRIVEP 6IGSQQIRHEXMSRW
4YVGLEWIKEWSPMRIMRWQEPPUYERXMXMIWERHWXSVIMRGPIER
ETTVSZIHGSRXEMRIVW%GSRXEMRIV[MXLEGETEGMX]SJ
KEPPSRWSVPIWW[MXLETSYVMRKWTSYXMWVIGSQQIRHIH
7YGLEGSRXEMRIVMWIEWMIVXSLERHPIERHLIPTWIPMQMREXI
WTMPPEKIHYVMRKVIJYIPMRK
(SRSXYWIKEWSPMRIPIJXSZIVJVSQTVIZMSYWWIEWSR
XSQMRMQM^IKYQHITSWMXWMR]SYVJYIPW]WXIQERHXS
MRWYVIIEW]WXEVXMRK
(SRSXEHHSMPXSXLIKEWSPMRI
(SRSXSZIVJMPPXLIJYIPXERO0IEZIVSSQJSVXLIJYIPXS
I\TERH
*YIP8]TI
*SVFIWXVIWYPXWYWISRP]GPIERJVIWLYRPIEHIH
KEWSPMRI[MXLETYQTWXMGOIVSGXERIVEXMRKSJSV
LMKLIV-RGSYRXVMIWYWMRKXLI6IWIEVGLQIXLSHMX
WLSYPHFISGXERIQMRMQYQ
9RPIEHIHKEWSPMRIMWVIGSQQIRHIHEWMXPIEZIWPIWW
GSQFYWXMSRGLEQFIVHITSWMXW0IEHIHKEWSPMRIQE]FI
YWIHMREVIEW[LIVIYRPIEHIHMWRSXEZEMPEFPIERH
I\LEYWXIQMWWMSRWEVIRSXVIKYPEXIH&IE[EVILS[IZIV
XLEXXLIG]PMRHIVLIEHWQE]VIUYMVIQSVIJVIUYIRX
WIVZMGI
+EWSPMRI%PGSLSPFPIRHW
+EWSLSPYTXSIXL]PEPGSLSPYRPIEHIH
KEWSPMRIF]ZSPYQIMWETTVSZIHEWEJYIPJSV/SLPIV
IRKMRIW3XLIVKEWSPMRIEPGSLSPFPIRHWEVIRSX
ETTVSZIH
+EWSPMRI)XLIVFPIRHW
1IXL]P8IVXMEV]&YX]P)XLIV18&)ERHYRPIEHIH
KEWSPMRIFPIRHWYTXSEQE\MQYQSJ18&)F]
ZSPYQIEVIETTVSZIHEWEJYIPJSV/SLPIVIRKMRIW
3XLIVKEWSPMRIIXLIVFPIRHWEVIRSXETTVSZIH
- 18 -

3TIVEXMRK -RWXVYGXMSRW
4VI7XEVX 'LIGOPMWX
y 'LIGOSMPPIZIP%HHSMPMJPS[(SRSXSZIVJMPP
y 'LIGOJYIPKEYKISR04+XERO8EROWWLSYPHFI
JMPPIHXSEWTIGMJMG[IMKLX8SMRWYVIWEJIX]ERH
TVSTIVJYIPW]WXIQSTIVEXMSRXEROWQYWXRSXFI
SZIVJMPPIH
y 'LIGOJYIPPMRIWVIKYPEXSVERHSXLIVW]WXIQ
GSQTSRIRXWJSVPIEOW(SRSXWXEVXIRKMRIYRXMP
PIEOWEVIIPMQMREXIH
y 'LIGOGSSPMRKEMVMRXEOIEVIEWERHI\XIVREP
WYVJEGIWSJIRKMRI1EOIWYVIXLI]EVIGPIERERH
YRSFWXVYGXIH
y 'LIGOXLEXXLIEMVGPIERIVGSQTSRIRXWERHEPP
WLVSYHWIUYMTQIRXGSZIVWERHKYEVHWEVIMR
TPEGIERHWIGYVIP]JEWXIRIH
y 'LIGOXLEXER]GPYXGLIWSVXVERWQMWWMSRWEVI
HMWIRKEKIHSVTPEGIHMRRIYXVEP8LMWMWIWTIGMEPP]
MQTSVXERXSRIUYMTQIRX[MXLL]HVSWXEXMGHVMZI8LI
WLMJXPIZIVQYWXFII\EGXP]MRRIYXVEPXSTVIZIRX
VIWMWXERGI[LMGLGSYPHOIITXLIIRKMRIJVSQ
WXEVXMRK
;%62-2+ 0IXLEP)\LEYWX+EWIW
'SPH;IEXLIV7XEVXMRK,MRXW
 &IWYVIXSYWIXLITVSTIVSMPJSVXLIXIQTIVEXYVI
I\TIGXIH7II*MKYVISRTEKI
 (MWIRKEKIEPPTSWWMFPII\XIVREPPSEHW
 7IXWTIIHGSRXVSPEXTEVXXLVSXXPITSWMXMSR
 &IWYVIXLIFEXXIV]MWMRKSSHGSRHMXMSR%[EVQ
FEXXIV]LEWQYGLQSVIWXEVXMRKGETEGMX]XLERE
GSPHFEXXIV]
)RKMRI-HIRXMJMGEXMSR2YQFIVW
;LIRSVHIVMRKTEVXWSVMRER]GSQQYRMGEXMSRMRZSPZMRK
ERIRKMRIEP[E]WKMZIXLI1SHIP7TIGMJMGEXMSRERH
7IVMEP2YQFIVWSJXLIIRKMRI
8LIIRKMRIMHIRXMJMGEXMSRRYQFIVWETTIEVSREHIGEPSV
HIGEPWEJJM\IHXSXLIIRKMRIWLVSYHMRK-RGPYHIPIXXIV
WYJJM\IWMJXLIVIEVIER]
6IGSVH]SYVIRKMRIMHIRXMJMGEXMSRRYQFIVWSRXLI
MHIRXMJMGEXMSRPEFIPFIPS[*MKYVIJSVJYXYVIVIJIVIRGI
/3,0)6'3/3,0)6;-97%
/3,0)6'3/3,0)6;-97%
-J]SYVIRKMRILEWXLMWMHIRXMJMGEXMSRPEFIPMXMW
GIVXMJMIHXSQIIX)4%'%6&WXERHEVHW
7QEPP3JJ6SEH)RKMRIW
13()023
74)'23
(-740''
7)6-%023
6)*)6833;2)671%29%0*36
7%*)8=1%-28)2%2')74)'7%2(
%(.9781)287*367%0)7%2(
7)6:-')-297'%2%(%'%00

-14368%28)2+-2)-2*361%8-32
8,-7)2+-2)1))8797)4%
4,%7)%2(
'%0-*362-%)1-77-32'328630
6)+90%8-327*36736)
*%1-0=
13()023
74)'23
(-740''
7)6-%023
6)*)6833;2)671%29%0*36
7%*)8=1%-28)2%2')74)'7%2(
%(.9781)287*367%0)7%2(
7)6:-')-297'%2%(%'%00

*MKYVI)RKMRI-HIRXMJMGEXMSR0EFIPW
1SHIP(IWMKREXMSR
1SHIP',7JSVI\EQTPI'HIWMKREXIW'SQQERH
IRKMRI,HIWMKREXIWLSVM^SRXEPGVEROWLEJXERH
HIWMKREXIWLSVWITS[IV1SHIP8,7JSVI\EQTPI
8HIWMKREXIW8[MRIRKMRI,HIWMKREXIWLSVM^SRXEP
GVEROWLEJXERHHIWMKREXIWLSVWITS[IV%PIXXIV
WYJJM\HIWMKREXIWEWTIGMJMGZIVWMSREWJSPPS[W
7YJJM\ (IWMKREXIW
7)PIGXVMG7XEVX
- 19 -

7XEVXMRK
 4PEGIXLIXLVSXXPIGSRXVSPQMH[E]FIX[IIRXLI
wWPS[xERHwJEWXxTSWMXMSRW4PEGIXLIGLSOI
GSRXVSPMRXSXLIwSRxTSWMXMSR7II*MKYVI
'SQQERH7IVMIWWLS[R3RHYEPJYIPIH
IRKMRIWTPEGIXLIXLVIITSWMXMSRJYIPGSRXVSP
W[MXGLMRXLIKEWSPMRI TSWMXMSRIRKMRIQYWX FI
WXEVXIHERHVYRSRKEWSPMRIJSVQMRYXIXSLIEXYT
S\]KIRWIRWSV
-JXLIWXEVXIVHSIWRSXXYVRXLIIRKMRISZIVWLYXSJJ
WXEVXIVMQQIHMEXIP](SRSXQEOIJYVXLIVEXXIQTXWXS
WXEVXXLIIRKMRIYRXMPXLIGSRHMXMSRMWGSVVIGXIH(SRSX
NYQTWXEVXYWMRKERSXLIVFEXXIV]VIJIVXSw&EXXIV]xSR
TEKI7II]SYV/SLPIV)RKMRI7IVZMGI(IEPIVJSV
XVSYFPIEREP]WMW
238) 9TSRWXEVXYTEQIXEPPMGXMGOMRKQE]SGGYV
'SQQERH7IVMIWSRP]8LMWMWGEYWIHF]
L]HVEYPMGPMJXIVPIEOHS[RHYVMRKWXSVEKI6YR
XLIIRKMRIJSVQMRYXIW8LIRSMWI[MPP
RSVQEPP]GIEWIMRXLIJMVWXQMRYXI-JRSMWI
GSRXMRYIWVYRXLIIRKMRIEXQMHXLVSXXPIJSV
QMRYXIW-JRSMWITIVWMWXWXEOIXLIIRKMRIXS
]SYVPSGEP/SLPIV7IVZMGISYXPIX
7XSTTMRK
04+3RP])RKMRIW
 8YVRJYIPZEPZISR04+XEROXSJYPPGPSWIHTSWMXMSR
ERHEPPS[XLIIRKMRIXSGSRXMRYIVYRRMRKYRXMPMX
VYRWSYXSJJYIP8YVRMKRMXMSRW[MXGLXSuuSJJvv
TSWMXMSR
(YEP*YIP)RKMRIW
 (YEPJYIPIRKMRIWQE]FIWXSTTIHER]SJXLVII
[E]W
E ;LIRSTIVEXMRKSR04+SRIQIXLSHMWXLI
WEQIEWHIWGVMFIHEFSZIJSV04+SRP]
IRKMRIW
F 04+STIVEXMSRGEREPWSFIWXSTTIHF]QSZMRK
XLIXLVIITSWMXMSRJYIPGSRXVSPW[MXGLXSXLI
uuSJJ vvTSWMXMSRERHPIXXMRKXLIIRKMRIVYRSYXSJ
JYIP8YVRSJJMKRMXMSRW[MXGL-JIRKMRI[MPPRSX
FIVIWXEVXIHJSVWSQIXMQIEPWSGPSWIJYIP
ZEPZIEX04+XERO
G 8SWXSTXLIIRKMRIJVSQKEWSPMRISTIVEXMSRMX
WLSYPHFIVYRRMRKFIX[IIRLEPJERHJYPP
XLVSXXPI1SZIXLIXLVIITSWMXMSRJYIPGSRXVSP
W[MXGLERHSVXLIMKRMXMSRW[MXGLXSXLIuuSJJ vv
TSWMXMSR
-RERIQIVKIRG]QSZIXLIXLVSXXPIGSRXVSPXSWXST
SVXYVRXLIMKRMXMSRW[MXGLSJJ
238) &EGOJMVMRKQE]SGGYV[LIRYWMRKXLI
IQIVKIRG]WXSTQIXLSH
*MKYVI3TXMSREP)RKMRI1SYRXIH8LVSXXPIERH
'LSOI'SRXVSPW
 7PS[P]XYVRXLIJYIPZEPZISRXLI04+TVSTERI
XEROXSJYPPSTIRTSWMXMSR*SVuuKEWSPMRISRP]vv
STIVEXMSRSRHYEPJYIPYRMXWPIEZIZEPZIGPSWIH
 7XEVXXLIIRKMRIF]EGXMZEXMRKXLIOI]W[MXGL
6IPIEWIXLIW[MXGLEWWSSREWXLIIRKMRIWXEVXW
6IXYVRGLSOIXSuuSJJvvTSWMXMSREJXIVIRKMRIWXEVXW
3REGSPHIRKMRIMXQE]FIRIGIWWEV]XSPIEZI
GLSOITEVXMEPP]SRYRXMPIRKMRIFIKMRWXS[EVQYT
(YEPJYIPIRKMRIWQYWXFIEPPS[IHXS[EVQYTSR
KEWSPMRIJSVEXPIEWXQMRYXI8SW[MXGLXS04+
STIVEXMSRQSZIXLIXLVIITSWMXMSRW[MXGLXSXLI
04+TSWMXMSR
238) (SRSXGVEROXLIIRKMRIGSRXMRYSYWP]JSV
QSVIXLERWIGSRHWEXEXMQI-JXLI
IRKMRIHSIWRSXWXEVXEPPS[EWIGSRH
GSSPHS[RTIVMSHFIX[IIRWXEVXMRK
EXXIQTXW*EMPYVIXSJSPPS[XLIWIKYMHIPMRIW
GERFYVRSYXXLIWXEVXIVQSXSV
238) -JXLIIRKMRIHIZIPSTWWYJJMGMIRXWTIIHXS
HMWIRKEKIXLIWXEVXIVFYXHSIWRSXOIIT
VYRRMRKEJEPWIWXEVXXLIIRKMRIVSXEXMSR
QYWXFIEPPS[IHXSGSQIXSEGSQTPIXI
WXSTFIJSVIEXXIQTXMRKXSVIWXEVXXLI
IRKMRI-JXLIWXEVXIVMWIRKEKIH[LMPIXLI
JP][LIIPMWVSXEXMRKXLIWXEVXIVTMRMSRERH
JP][LIIPVMRKKIEVQE]GPEWLVIWYPXMRKMR
HEQEKIXSXLIWXEVXIV
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