Samson Concert 77 User manual

TBNTPOUFDIDPN
!.4! !.4"
6/,5-%
0/7%2
2&-%4%2!5$)/-%4%2D"
 
!.4! !.4"
315%,#(
-).
#25(&425%$)6%23)492%#%)6%2
-!8
"
-


-
)"/%)&-%
-"7"-*&3
)&"%4&5
(6*5"3
*/4536.&/5


-
"
-
&RQFHUWBRZQPDQLQGG 30

5BC
MF
P
G$
P
OUFOU
T
*
OUSPEVDUJPO4
Z
TUFN'FBUVSFT

(V
J
E
F
E
5
PV
S$33FDFJWFS'S
P
OU1
B
OFM

(
VJEFE5PVS$33FDFJWFS3FBS1BOFMBOE'SFRVFOD
Z
$POWFSTJPO$IBSU

(
VJEFE5PVS$5#FMU
Q
BDL5SBOTNJUUFS

(
VJEFE5PVS)5)BOEIFME.JDSP
Q
IPOF5SBOTNJUUFS

4
FUUJOH6QBOE6TJOHUIF$PODFSU4FSJFT4
Z
TUFN 

"
QQFOEJY"$5.VMUJQJO8JSJO
H
(VJEFBOE$IBSU 

4Q
FDJmDBUJPOT 

$PQ
Z
SJH
I
U4BNTPO5FD
I
OP
M
PHJFT$PSQ

'
JSTU1SJOUF
E
.
B
SDI

4BNTPO5FD
I
OP
M
PHJFT$PSQ





6
O
E
FSIJMM#MW
E
1 0
#
P
Y

4
Z
PTTFU/:

1
IPOF4".40/

'B
Y









XXXTBNTPOUFD
I
DP
N
#ONCERT?OWNMANINDD !-


*OUSPEVDUJPO4
Z
TUFN'FBUVSF
T
$
POHSBUVMBUJPOTPOQVSDIBTJOHUIF4BNTPO$PODFSU4FSJFT6)'8JSFMFTT4ZTUFN"MUIPVHIUIJT
QSPEVDUJTEFTJHOFEGPSFBTZPQFSBUJPOXFTVHHFTUZPVGJSTUUBLFTPNFUJNFUPHPUISPVHIUIFTF
QBHFTTP
Z
PVDBO
G
VMM
Z
VOEFSTUBOEIPXXFWFJNQMFNFOUFEBOVNCFSP
G
VOJRVF
G
FBUVSFT

&WFSZXJSFMFTTTZTUFNDPOTJTUTP
G
BUMFBTUUXPDPNQPOFOUTBUSBOTNJUUFSBOEBSFDFJWFSCPUIP
G

X
IJDINVTUCFUVOFEUPUIFTBNFDIBOOFMUIBUJTUIFTBNFSBEJPGSFRVFODZJOPSEFSUPPQFSBUF
DPSSFDU
MZ
5
I
F4BNTPO$PODFSU4FSJFTT
Z
TUFN
Z
PV
I
BWFQVSD
I
BTF
E
PQFSBUFTJOU
I
F.)[
G
SFRVFODZSBOHFBOEDPOUBJOTB$3SFDFJWFSBOEFJUIFSPVS$5CFMUQBDLUSBOTNJUUFS
G
PSMBWB

M
JFSXJOEJOTUSVNFOUIFBETFUNJDSP
Q
IPOFB
QQ
MJDBUJPOTBOEJOTUSVNFOUB
QQ
MJDBUJPOTPSUIF)5
I
BO
E

I
F
ME
NJDSPQ
I
POFUSBOTNJUUFSBWBJ
M
B
CM
FXJU
I
U
I
F4BNTPO2
EZ
OBNJDPS$DPO
E
FOTFS
DB
Q
TVMFT

*OUIJTNBOVBMZPVMMGJOEBEFUBJMFEEFTDSJQUJPOPGUIFGFBUVSFTPGUIF$PODFSU4FSJFT8JSFMFTT
T
Z
TUFNBTXFMMBTBHVJEFEUPVSUISPVHIBMMDPNQPOFOUTTUFQC
Z
TUFQJOTUSVDUJPOT
G
PSTFUUJOHVQ
Z
PVSTZTUFNXJSJOHEJBHSBNTBOEUBCMFTBOE
G
VMMTQFDJ
G
JDBUJPOT*
G
ZPVS$PODFSU4FSJFTTZTUFN
X
BTQVSDIBTFEJOUIF6OJUFE4UBUFTZPVMMBMTPGJOEBXBSSBOUZDBSEFODMPTFEEPOUGPSHFUUP
G
JMMJUPVUBOENBJMJU5IJTXJMMFOBCMF
Z
PVUPSFDFJWFPOMJOFUFDIOJDBMTVQQPSUBOEXJMMBMMPXVT
U
PTFOEZPVVQEBUFEJO
G
PSNBUJPOBCPVUUIJTBOEPUIFS4BNTPOQSPEVDUTJOUIF
G
VUVSF*
G
ZPVS
$
PODFSU4FSJFT8JSFMFTTTZTUFNXBTQVSDIBTFEPVUTJEFPGUIF64DPOUBDUZPVSMPDBMEJTUSJCVUPS
G
PSXBSSBOU
Z
EFUBJMT

41&$*"-/05&
G
PS64QVSDIBTFST4IPVMEZPVS$PODFSU4FSJFT8JSFMFTTTZTUFNFWFSSFRVJSFTFSWJD

J
OHB3FUVSO"VU
I
PSJ[BUJPOOVN
C
FS3"JTOFDFTTBSZ8JU
I
PVUU
I
JTOVN
C
FSU
I
FVOJUXJ
MM
OPU
C
F
B
DDFQUFE*
G

Z
PVS$PODFSU4FSJFT8JSFMFTTT
Z
TUFNXBTQVSDIBTFEJOUIF6OJUFE4UBUFTQMFBTFDBMM
4BNTPOBUGPSB3FUVSO"VUIPSJ[BUJPOOVNCFSQSJPSUPTIJQQJOHZPVSVOJU*GQPT

TJCMFSFUVSOUIFVOJUJOJUTPSJHJOBMDBSUPOBOEQBDLJOHNBUFSJBMT*GZPVS$PODFSU4FSJFT8JSFMFTT
T
Z
TUFNXBTQVSDIBTFEPVUTJEFP
G
UIF64DPOUBDU
Z
PVSMPDBMEJTUSJCVUPS
G
PSTFSWJDJOHJO
G
PSNBUJPO
:PVSSFDFJWFSBOEUSBOTNJUUFSIBWFCFFOGBDUPSZQSFTFUUPVUJMJ[FUIFTBNFDIBOOFM"MJTUJOHP
G

U
IFTJYBWBJMBCMFDIBOOFMTBOEUIFJSDPSSFTQPOEJOH6)'GSFRVFODJFTDBOCFGPVOEPOQBHFP
G

UI
JTN
B
O
VBM
4Z
TUFN'FBUVSF
T
%FTJ
H
OFEGPSVTFJOCPUIMJWFTPVOEBOETPVOEDPOUSBDUJO
H
BQQMJDBUJPOTUIF4BNTPO$PODFSU
4FSJFT8JSFMFTT4ZTUFNQSPWJEFTBIJHIQFSGPSNBODFDPTUFGGFDUJWFTPMVUJPOVUJMJ[JOHTUBUFPGUIF

B
SUUFDIOPMPH
Z
JOXJSFMFTTDPNNVOJDBUJPOT.BJO
G
FBUVSFTJODMVEF

t
4JYEJGGFSFOUBWBJMBCMFDIBOOFMTBMMPQFSBUJO
H
JOUIFMFTTDSPXEFE6)'CBOEXJEUIBOEBMM
EFTJHOFEGPSTJNVMUBOFPVTVTF5IJTNFBOTUIBUZPVDBOVTFNVMUJQMF$PODFSU4FSJFTTZTUFNT

FBDIUVOFEUPBEJ
GG
FSFOUDIBOOFM

JOUIFTBNFMPDBUJPOXJUIPVUJOUFS
G
FSFODF

t
5FDIOPMPHJDBMCSFBLUISPVHIVTBHFPG%JFMFDUSJDGJMUFSTGPSFYUSFNFMZQSFDJTFBOETUBCMFUVOJOH

t
%JWFSTJUZUFDIOPMPHZNBYJNJ[FTBDUJWFSBOHFVQUPGFFUBOESFEVDFTQPUFOUJBMJOUFSGFSFODF
Q
SP
CM
FNT

&RQFHUWBRZQPDQLQGG 30


4
ZTUFN'FBUVSFT
t5IF$3SFDFJWFSJTBIBM
G
SBDLVOJUUIBUDBOCFVTFE
G
SFFTUBOEJOHPSDBOCFNPVOUFEJOBOZ
T
UBOEBSESBDLNBLJOHJUFBTZUPJOUFHSBUFJOUPBOZUSBWFMJOHPSGJYFEJOTUBMMBUJPOBVEJP
TZ
TUFN*UJODMVEFTBQBJSP
G
UVOFEBOUFOOBTBOEQSPWJEFTCPUICBMBODFEBOEVOCBMBODFEPVU

QVUTMJOFNJDPVUQVUMFWFMTXJUDIBOEDPOUJOVPVTMZBEKVTUBCMF7PMVNFBOE4RVFMDIDPOUSPMT
BTXFMMBTBOBVEJPQFBL-&%EVBMBOUFOOBJOEJDBUPSTBTJYTFHNFOU"VEJPMFWFMNFUFSBOEB
T
JYTFHNFOU3'
M
FWF
M
NFUFS

t#VJMUJODPNQBOEJOHOPJTFSFEVDUJPOJOBMMDPNQPOFOUT
G
PSDSZTUBMDMFBSTPVOEXJUINJOJNJ[FE
C
BD
L
HSPVO
E
OPJTFBO
E

I
JTT

t5SBOTNJUUFSTQSPWJEFiQPQMFTTwNVUJOHXIJDIUVSOTP
GG
UIFBVEJPTJHOBMXIJMFMFBWJOHUIFDBS

SJFSTJHOBMPOBOEVTFTUBOEBSEWPMUCBUUFSJFTXJUICBUUFSZMJ
G
FP
G
NPSFUIBOIPVST5IF
$PODFSUUSBOTNJUUFSTBMTPQSPWJEFBDPOWFOJFOU#BUUFSZ4USFOHUI-&%NFUFSBMMPXJOHZPVUP
NPOJUPSU
I
FSFNBJOJOHQPXFSJOU
I
FJOTUB
MM
F
E

C
BUUFS
Z
t5IF$5QSPWJEFTBNJOJ9-3KBDL
G
PSDPOOFDUJPOUPUIF4BNTPO($1DBCMFXJUITUBOEBSE

KBDLGPSVTFXJUIJOTUSVNFOUTTVDIBTFMFDUSJDHVJUBSPSCBTTPSGPSDPOOFDUJOHUPBWBSJFUZ
PG
QPQVMBSIFBETFUTBOEMBWBMJFSNJDSPQIPOFTJODMVEJOH
4BNTPO2&
I
FB
E
TF
U

4BNTPO
2
7IFBETFU

4BNTPO)41IFBETF
U
 4
B
NT
P
O).

18JO
E
*OTUS
V
NFOU.J
D
 4
B
NT
P
O-.

1

M
B
W
B
MJFS 
  4BNTPO
2
-MBWBMJFS
 "
VE
J
P
5FD
I
OJD
B
"5.


I
F
BE
TFU
 "
VE
J
P
5FDIOJD
B
.5

MB
W
B
MJFS
  "QQ
M
JF
E
.JDSPQ
I
POF5FD
I
OP
M
PHZ 3PBN
J
OH0OFXJO
E
JOTUSVNFOUNJDSPQ
I
PO
F
 "
VE
J
P
5FD
I
OJD
B
"5



MB
W
BM
JFS
$
PVOUSZNBO
*
T
P
.
BY
IF
BE
TF
U
 4POZ
&
$.


M
BWB
M
JFS

4
PO
Z

&$
.
MB
W
BM
JFS
t5IF)5IBOEIFMENJDSP
Q
IPOFUSBOTNJUUFSJTBWBJMBCMFXJUIFJUIFSUIF4BNTPO
2

/
FP
E
ZNJVN
E
ZOBNJDNJDSPQ
I
POFDBQTV
M
FPSU
I
F4BNTPO
$

$
PO
E
FO
E
FSNJDSP
QI
POFDB
Q
TVM
F

t"
MM
DPNQPOFOUT
I
BWFSVHHF
E
DPOTUSVDUJPOU
I
BUFOTVSFTSF
M
JB
CM
FPQFSBUJPOJOFWFOU
I
FNPTU
E
FNBOEJO
H
QFS
G
PSNBODFFOWJSPONFOUT

6TJO
H
BOPQUJPOB
M
4BNTPO3,SBD
L
B
E
BQUFS
L
J
U
0QUJNJ[FEGPSBFSPCJDTXPSLPVUTUIJTIFBETFUJTSFDPNNFOEFEGPSVTBHFJOIJHIIVNJEJUZ
F
OWJSPONFOUTTVDIBTQI
Z
TJDBM
G
JUOFTTDFOUFST

&RQFHUWBRZQPDQLQGG 30


(VJEFE5PVS$3'SPOU1BOF
M
"OUFOOBT"BO
E
#5IFBOUFOOBNPVOUJO
H
TBMMPX
G
VMMSPUBUJPO
G
PSPQUJNVNQMBDFNFOU*O
OPSNBMP
Q
FSBUJPOCPUI"OUFOOB"UIFBOUFOOBPOUIFMFGUBOE"OUFOOB#UIFBOUFOOBPOUIF
SJHIUTIPVMECFQMBDFEJOBWFSUJDBMQPTJUJPO#PUIBOUFOOBTDBOCFGPMEFEJOXBSEGPSDPOWF
OJFODFX
I
FOUSBOTQPSUJOHU
I
F$34FFU
I
Fi4FUUJOH6QBO
E
6TJOHU
I
F"JS-JOF4
Z
TUFNwTFDUJPO
POQB
H
FJOUIJTNBOVBMGPSJOGPSNBUJPOBCPVUBOUFOOBJOTUBMMBUJPOBOEQPTJUJPOJO
H


7
PMV
NFD
P
OUS
PM
5IJTLOPCTFUTUIFMFWFMP
G
UIFBVEJPTJ
H
OBMCFJO
H
PVUQVUUISPV
H
ICPUIUIF
CBMBODFEBOEVOCBMBODFEPVUQVUKBDLTPOUIFSFBSQBOFMTFFBOEPOQBHFJOUIJTNBOV
B
M3FGFSFODFMFWFMJTPCUBJOFEXIFOUIFLOPCJTUVSOFEGVMMZDMPDLXJTFUPJUTiwTFUUJOH

"
VE
J
P
.FUFS5IJTiMBEEFSwEJTQMBZTJNJMBSUPUIF76CBSNFUFSVTFEPOBVEJPEFWJDFTJOEJ
DBUFTUIFTUSFOHUIPGUIFJODPNJOHBVEJPTJHOBM8IFOUIFiwTFHNFOUJTMJUUIFJODPNJOHTJHOBM
J
TPQUJNJ[F
E
BUVOJU
Z
HBJOX
I
FOU
I
FiwTFHNFOUJT
M
JUU
I
FTJHOB
M
JTPWFS
M
PB
E
JOH8
I
FOPO
MZ

U
IFMFGUNPTUiwTFHNFOUJTMJUUIFJODPNJOHTJHOBMJTBUKVTUPGPQUJNVNTUSFOHUI*GOP
TFHNFOUTBSF
M
JU
M
JUU
M
FPSOPTJHOB
M
JT
C
FJOHSFDFJWF
E
4FFU
I
Fi4FUUJOH6QBO
E
U
I
F$PODFSU4FSJFT
4
Z
TUFNwTFDUJPOPOQBHFJOUIJTNBOVBM
G
PSNPSFJO
G
PSNBUJPO
4RVFMDIDPOUSPM5IJTDPOUSPMEFUFSNJOFTUIFNBYJNVNSBOHFPGUIF$3CFGPSFBVEJP
TJHOB
M

E
SPQPVU"
M
U
I
PVH
I
JUDBO
C
FB
EK
VTUF
E
VTJOHU
I
FTVQQ
M
JF
E
Q
M
BTUJDTDSFX
E
SJWFSJUT
I
PV
ME

OPSNBMMZCFMFGUBUJUTGBDUPSZTFUUJOH4FFUIFi4FUUJOH6QBOE6TJOHUIF$PODFSU4FSJFT4ZTUFNw
TFDUJPOPOQBHFJOUIJTNBOVBMGPSNPSFJOGPSNBUJPO
"#"OUFOOB-&%T8IFOTJ
H
OBMJTCFJO
H
SFDFJWFEPOFPGUIFTFXJMMCFMJU
H
SFFOTIPXJO
H

Z
PVXIFUIFSUIFMFGUi"wPSSJHIUi#wBOUFOOBJTDVSSFOUM
Z
CFJOHVTFE5IF$3DPOTUBOUM
Z

TDBOTJUTUXPBOUFOOBTBOEBVUPNBUJDBMM
Z
TFMFDUTXIJDIFWFSJTSFDFJWJOHUIFTUSPOHFTUDMFBSFTU
TJHOBM5IJT5SVF%JWFSTJUZ TXJUDIJOHJTDPNQMFUFMZJOBVEJCMFCVUJUFGGFDUJWFMZJODSFBTFTPWFSBMM
SBOHFXIJMFWJSUVBMM
Z
FMJNJOBUJOHQPUFOUJBMJOUFSGFSFODFBOEQIBTFDBODFMMBUJPOQSPCMFNT
3'3BEJP'SFRVFODZ-FWFMNFUFS5IJTiMBEEFSwEJTQMBZTJNJMBSUPUIF76CBSNFUFSVTFE
POBVEJPEFWJDFTJOEJDBUFTUIFTUSFOHUIPGUIFJODPNJOHSBEJPTJHOBM8IFOUIFiwTFHNFOU
J
TMJUUIFJODPNJOH3'TJHOBMJT
G
VMM
Z
NPEVMBUFEBOEBUPQUJNVNTUSFOHUI8IFOPOM
Z
UIFTFDPOE
NPTUMFGUNPTUiwTFHNFOUJTMJUUIFJODPNJOHTJHOBMJTBUKVTUPGPQUJNVNTUSFOHUI
*GOPTFHNFOUTBSFMJUMJUUMFPSOPTJHOBMJTCFJOHSFDFJWFE4FFUIFi4FUUJOH6QBOE6TJOHUIF
$
PODFSU4FSJFT4
Z
TUFNwTFDUJPOPOQBHFJOUIJTNBOVBM
G
PSNPSFJO
G
PSNBUJPO
1PXFSTXJUD
I


6TFUIJTUPUVSOUIF$3QPXFSPOBOEPGG8IFOUIFSFDFJWFSJTPOUIFJOUFS
O
B
M1
P
XFS-&%JTMJU








!.4! !.4"
6/,5-%
0/7%2
2&-%4%2!5$)/-%4%2D"
     
!.4! !.4"
315%,#(
-).
#25(&425%$)6%23)492%#%)6%2
-!8
&RQFHUWBRZQPDQLQGG 30


(VJEFE5PVS$33FBS1BOFM
%$
J
OQVU $POOFDUUIFTVQQMJFEWPMUN"QPXFSBEBQUFSIFSFVTJOHUIFTUSBJOSFMJFGBT
TI
P
XOJOUIFJMM
V
TUS
B
UJ
P
O
C
FM
P
X


8
"3/*/(

%POPUTVCTUJUVUFBO
Z
PUIFSLJOEP
G
QPXFSBEBQUFS
EPJOHTPDBODBVTFTFWFSFEBNBHFUPUIF$3BOEXJMMWPJEZPVSXBSSBOUZ


#B
M
BODF
E
PVUQVU

6TFUIJTFMFDUSPOJDBMM
Z
CBMBODFEMPXJNQFEBODF0IN9-3KBD
L

X
IFODPOOFDUJOHUIF$3UPQSPGFTTJPOBMBVEJPFRVJQNFOU1JOXJSJOHJTBTGPMMPXT1JO
HSPVO
E
1JO
I
JH
I

I
PUBO
E
1JO
M
PXDP
ME


"VEJP0VU
Q
VU-FWFMTXJUD
I
4FUTUIFBVEJPPVU
Q
VUMFWFMBUUFOVBUJPOPGUIFCBMBODFEPVU
Q
VU

TFF
C
F
M
PXUP
E
#N
M
JOF
M
FWF
M
PS
E
#NNJD
M
FWF
M
4FFU
I
Fi4FUUJOH6QBO
E
6TJOHU
I
F
$
PODFSU4FSJFT4ZTUFNwTFDUJPOPOQBHFJOUIJTNBOVBM
G
PSNPSFJO
G
PSNBUJPO

6O
C
B
M
BODF
E
PVUQVU

6TFU
I
JTVO
C
B
M
BODF
E

I
JH
I
JNQF
E
BODF,0
I
N
K
BD
L
X
I
FODPO

OFDUJO
H
UIF$3UPDPOTVNFSBVEJPFRVJQNFOU8JSJO
H
JTBT
G
PMMPXTUJQIPUTMFFWF
H
SPVOE


*
G
SFRVJSFECPUIUIFVOCBMBODFEBOECBMBODFEPVUQVUTDBOCFVTFETJNVMUBOFPVT
M
$
P
ODFSU4FSJFT
'
SFRVFOD
Z
$POWFSTJPO$
I
BS
U

6
TJOHUIFTUSBJOSFMJFG(BUIFSVQBMPPQPGXJSFBOEQBTTJUUISPVHIUIFTUSBJOSFMJFG

UIFOQBTTUIFBEBQUFSQMVHUISPVHIUIFMPPQJOPSEFSUPDSFBUFBLOPU
#HANNEL
5
5
5
5
5
5
&REQUENCIES
-(Z
-(Z
-(Z
-(Z
-(Z
-(Z
#HANNEL
%
%
%
%
&REQUENCIES
-(Z
-(Z
-(Z
-(Z
&RQFHUWBRZQPDQLQGG 30
N1
N2
N3
N4
N5
N6
642.375MHz
642.875MHz
644.125MHz
645.500MHz
644.750MHz
645.750MHz
FCC ID : CCRCR77


(
V
J
E
F
E
5
PV
S$5
*OQVUDPOOFDUPS

5IFJOQVUEFWJDFJTDPOOFDUFEIFSF5IF$5JTTVQQMJFEXJUIFJUIFSBMBWB

MJFSPSIFBETFUNJDSPQIPOFPSKBDLDBCMFDPOOFDUFEWJBBNJOJ9-3KBDL


1PXFS#BUUFS
Z
-&%5IJT-&%GMBTIFTPODFXIFOUIF$5JTGJSTUUVSOFEPOBOEMJHIUT
TUFBEJM
Z
SFEXIFOUIFSFBSFMFTTUIBOIPVSTP
G
CBUUFS
Z
QPXFSSFNBJOJOHJOEJDBUJOHUIBUUIF
C
BUUFSZOFFETUPCFDIBOHFE*OPSEFSUPBWPJEDPNQSPNJTJOHBVEJPGJEFMJUZPSIBWJOHUIF$5
TUPQXPSLJOHDPNQMFUFM
Z

Z
PVTIPVMEBMXB
Z
TSFQMBDFUIFCBUUFS
Z
XJUIBGSFTIPOFJNNFEJBUFM
Z
X
IFOFWFSUIJT-&%MJ
H
IUTSFE


"
VE
J
P

P
O
P
GGTXJUD
I
8IFOTFUUPUIFiPOwQPTJUJPOBVEJPTJHOBMJTUSBOTNJUUFE8IFOTFU
U
PUIFiPGGwQPTJUJPOUIFBVEJPTJHOBMJTNVUFE#FDBVTFUIFDBSSJFSTJHOBMSFNBJOTEVSJOHNVU

J
O
H
OPiQPQwPSiUIVEwXJMMCFIFBSE/PUFUIBUUVSOJO
H
UIJTP
GG
EPFTOPUUVSOP
GG
UIFUSBOTNJUUFS
Q
PXFSJUJTTJNQMZBXBZUPUFNQPSBSJMZNVUFUIFUSBOTNJTTJPOPGBVEJPTJHOBM*GZPVEPOU
Q
MBOPOVTJOHUIFUSBOTNJUUFSGPSFYUFOEFEQFSJPETUVSOPGGUIFUSBOTNJUUFSQPXFSC
Z
VTJOHUIF
Q
PXFSPOP
GG
TXJUDITFFPOUIFOFYUQB
H
F

#FMUDMJ
Q
6TFUIJTDMJ
Q
UPGBTUFOUIF$5UP
B

C
F
M
U

#BUUFSZDPWFSSFMFBTF1VTIJOCPUITJEFT
PGUIFCBUUFS
Z
DPWFSBOEQVMMCBDLUPPQFOUIF
$
5CBUUFS
Z
DPWFS

"OUFOO
B
5IJTQFSNBOFOUMZBUUBDIFEUSBOT

N
JUUFSiTUJGGwBOUFOOBTIPVMECFGVMM
Z
FYUFOEFE
G
PSOPSNBMPQFSBUJPOT4FFUIFi4FUUJO
H
6QBOE
6TJOHUIF$PODFSU4FSJFT4ZTUFNwTFDUJPOPO
Q
BHFJOUIJTNBOVBMGPSNPSFJOGPSNBUJPO
B
CPVUBOUFOOBQPTJUJPOJO
H







&RQFHUWBRZQPDQLQGG $0


(VJEFE5PVS$5



"UUFO
VB
UJ
P
OTXJUDI 5IF$5USBOTNJUUFSGFBUVSFTBTJ
H
OBM"UUFOVBUJPOTXJUDIUIBUJTVTFE
U
PTFMFDUUIFJOQVUMFWFMPGiE#wPSiE#w5IJT"UUFOVBUJPOTXJUDIIBTCFFOGBDUPSZQSFTFUUP
i
E#wQSPWJEJOHUIFPQUJNVNMFWFM
G
PSNPTUNJDSPQIPOFBOEJOTUSVNFOUJOQVUTJHOBMT*
G

Z
PVBSF
V
TJOHBNJDSPQIPOFPSJOTUSVNFOUXJUIBIJHIPVUQVUTJHOBMGJSTUUSZUPBEKVTUUIF(BJODPOUSPMBT
EFTDSJCFEJOUIFGPMMPXJOHTFDUJPO*G
Z
PVDBOOPUBUUFOVBUFUIFTJHOBMMPXFOPVHIVTJOHUIF(BJO
DPOUSP
M
VTFU
I
FTVQQ
M
JF
E
Q
M
BTUJDTDSFX
E
SJWFSTFF
C
F
M
PXUPUVSOU
I
FSPUBS
Z
"UUFOVBUJPOTXJUD
I
U
PUIFDPVOUFSDMPDLXJTFQPTJUJPOTFUUJO
H
UIF$5UPiE#wMFWFM

"V
E
JP*OQVU-FWF
M
DPOUSP
M
USJNQPU

5IJTJOQVUTFOTJUJWJU
Z
DPOUSPMIBTCFFO
G
BDUPS
Z
QSFTFUUP
Q
SPWJEFP
Q
UJNVNMFWFMGPSUIF
Q
BSUJDVMBSMBWBMJFSIFBETFUPSGPSP
Q
UJNVNJOTUSVNFOUMFWFMTPXF
S
FDPNNFOEUIBUUIJTOPUCFBEKVTUFENBOVBMM
Z
*GOFDFTTBS
Z
IPXFWFS
Z
PVDBOVTFUIFTVQQMJFE
Q
MBTUJDTDSFXESJWFSTFFCFMPXUPSBJTFPSMPXFSUIF$5JOQVUMFWFM4FFUIFi4FUUJO
H
6QBOE
6TJOHUIF$PODFSU4FSJFT4ZTUFNwTFDUJPOPOQBHFJOUIJTNBOVBMGPSNPSFJOGPSNBUJPO

#BUUFSZ
I
P
ME
F
S
*OTFSUBTUBOEBSEWPMUBMLBMJOFCBUUFS
Z
IFSFCFJOHTVSFUPPCTFSWFUIF
Q
MVTBOENJOVTQPMBSJUZNBSLJOHTTIPXO8FSFDPNNFOEUIF%VSBDFMM./UZQFCBUUFSZ
"
MUIPVHISFDIBSHFBCMF/J$BECBUUFSJFTDBOCFVTFEUIF
Z
EPOPUTVQQM
Z
BEFRVBUFDVSSFOUGPS
NP
SFUI
B
O
GPV
SI
PV
ST

8"3/*/(

%POPUJOTFSUUIFCBUUFS
Z
CBDLXBSETEPJOHTPDBODBVTF
TFWFSFEBNBHFUPUIF$5BOEXJMMWPJEZPVSXBSSBOUZ



1
P
XFS
P
O
PGG
TXJUDI6TFUIJTUPUVSOUIF$5POPSP
GG
UPDPOTFSWFCBUUFS
Z
QPXFSCFTVSF
U
PMFBWFJUPGGXIFOOPUJOVTF



1M
B
TUJDTDSFX
E
SJWF
S
4QFDJBMMZEFTJHOFEGPSVTFJOBEKVTUJOHUIF$5"VEJP*OQVU-FWFM
DPOUSP
M
TFFB
C
PWFBO
E
PS$34RVF
M
D
I
DPOUSP
M
TFFPOQBHF4FFU
I
Fi4FUUJOH6QBO
E
6TJOHUIF$PODFSU4FSJFT4
Z
TUFNwTFDUJPOPOQBHFJOUIJTNBOVBM
G
PSNPSFJO
G
PSNBUJPO






&RQFHUWBRZQPDQLQGG $0


(
V
J
E
F
E
5
PV
S)5
"VEJPPOP
GG
TXJUD
I
8
I
FOTFUUPU
I
FiPOwQPTJ

U
JPOBVEJPTJ
H
OBMJTUSBOTNJUUFE8IFOTFUUPUIFiP
GGw

Q
PTJUJPOU
I
FBV
E
JPTJHOB
M
JTNVUF
E
#FDBVTFU
I
FDBS

S
JFSTJHOB
M
SFNBJOT
E
VSJOHNVUJOHOPiQPQwPSiU
I
V
Ew

X
JMMCFIFBSE/PUFUIBUUVSOJO
H
UIJTP
GG
EPFTOPU
U
VSOPGGUIFUSBOTNJUUFSQPXFSJUJTTJNQMZBXBZUP
U
FNQPSBSJM
Z
NVUFUIFUSBOTNJTTJPOP
G
BVEJPTJHOBM*
G

Z
PVEPOUQMBOPOVTJOHUIFUSBOTNJUUFS
G
PSFYUFOEFE
Q
FSJPETUVSOPGGUIFUSBOTNJUUFSQPXFSCZVTJOHUIF
Q
PXFSPOP
GG
TXJUDITFFCFMPX


#BUUFS
Z
MFWFMNFUF
S
5IJTTFUPGUISFFNVMUJDPMPS
-&%TJO
E
JDBUFTSF
M
BUJWF
C
BUUFS
Z
QPXFSJO
E
JDBUJOH
X
IFUIFSUIFJOTUBMMFECBUUFSZJTBUMPXSFENJE
ZFMMPXPSIJHIHSFFOTUSFOHUI0OFPGUIFTFXJMM
M
J
HI
UX
I
FOFWFSU
I
F)5JTQPXFSF
E
POTFF
C
F
M
PX
8
IFOUIFSFEiMPXwJOEJDBUPSMJ
H
IUT3'QFSGPSNBODFJT
E
FHSB
E
F
E
BO
E
U
I
F
C
BUUFSZOFF
E
TUP
C
FSFQ
M
BDF
E

1
P
XFS
P
O
P
GGTXJUDI


6
TFUIJTU
P
U
V
SOUIF)5
P
O
PSPGGUPDPOTFSWFCBUUFSZQPXFSCFTVSFUPMFBWFJU
P
GG
XIFOOPUJOVTF

.JDSP
Q
IPOF*O
Q
VU-FWFMDPOUSPMUSJN
Q
PU

5
I
JT
J
OQVUTFOTJUJWJU
Z
DPOUSPMIBTCFFO
G
BDUPS
Z
QSFTFUUP
Q
SPWJEFP
Q
UJNVNMFWFMGPSUIF
Q
BSUJDVMBSNJDSP
Q
IPOF
DBQTV
M
FQSPWJ
E
F
E
XJU
I
ZPVS$PODFSUTZTUFNBO
E
TPXFSFDPNNFOEUIBUUIJTOPUCFBEKVTUFENBOVBMM
Z
*
G
OFDFTTBS
Z
IPXFWFS
Z
PVDBOVTFUIF
TVQQMJFEQMBTUJDTDSFXESJWFSUPSBJTFPSMPXFSUIFJOQVUMFWFM4FFUIFi4FUUJO
H
6QBOE6TJO
H
UIF
$
PODFSU4FSJFT4ZTUFNwTFDUJPOPOQBHFJOUIJTNBOVBMGPSNPSFJOGPSNBUJPO


#BUUFSZIPMEF
S
*OTFSUBTUBOEBSEWPMUBMLBMJOFCBUUFSZIFSFCFJOHTVSFUPPCTFSWFUIF
QM
VTBO
E
NJOVTQP
M
BSJUZNBS
L
JOHTT
I
PXO8FSFDPNNFO
E
U
I
F%VSBDF
MM
./UZQF
C
BUUFSZ
"
MUIPVHISFDIBSHFBCMF/J$BECBUUFSJFTDBOCFVTFEUIF
Z
EPOPUTVQQM
Z
BEFRVBUFDVSSFOU
G
PS
NP
SFUI
B
OG
PV
SI
PV
ST

8"3/*/(

%POPUJOTFSUUIFCBUUFSZCBDLXBSETEPJOHTPDBODBVTF
TFWFSF
E
BNBHFUPU
I
F)5BO
E
XJ
MM
WPJ
E
ZPVSXBSSBOUZ

#FTVSFUPNVUFUIFBVEJPTJHOBMBUZPVSFYUFSOBMNJYFSPSBNQMJGJFSCFGPSFUVSOJOHUSBOTNJU

U
FSQPXFSPOPSP
GG
PSBOBVEJCMFQPQNB
Z
SFTVMU

0,1 0$;
/(9(/
32:(5
21
2))



!5
$)
/
,/7 -)$ ()'(
"!44%29

,%6%,
#H
/&& /.







&
#
#

)
$

#
#
2
(
4








































































&RQFHUWBRZQPDQLQGG 30


4FUUJO
H
6QBO
E
6TJO
H
U
I
F
Z
$PODFSU4FS
J
FT4
Z
TUFN
5
IFCBTJDQSPDFEVSF
G
PSTFUUJOHVQBOEVTJOHZPVS$PODFSU4FSJFT8JSFMFTT4ZTUFNUBLFTPOMZB
GFXNJOVUFT

'PSU
I
F$PODFSU4FSJFTT
Z
TUFNUPXPS
L
DPSSFDU
MZ

C
PU
I
U
I
FSFDFJWFSBO
E
USBOTNJUUFSNVTU
C
FTFU
U
PUIFTBNFDIBOOFM3FNPWFBMMQBDLJO
H
NBUFSJBMTTBWFUIFNJODBTFP
G
OFFE
G
PS
G
VUVSFTFSWJDF
B
OEDIFDLUPNBLFTVSFUIBUUIFTV
QQ
MJFE$3SFDFJWFSBOE$5PS)5USBOTNJUUFSBSFTFUUP
U
IFTBNFDIBOOFM*
G
UIFTFDIBOOFMTEPOPUNBUDIDPOUBDU
Z
PVSEJTUSJCVUPSPSJ
G
QVSDIBTFEJO
U
IF6OJUFE4UBUFT4BNTPO5FDIOJDBM4V
QQ
PSUBU


1IZTJDBMMZQMBDFUIF$3SFDFJWFSXIFSFJUXJMMCFVTFEUIFHFOFSBMSVMFPGUIVNCJTUPNBJO

U
BJOiMJOFP
G
TJHIUwCFUXFFOUIFSFDFJWFSBOEUSBOTNJUUFSTPUIBUUIFQFSTPOVTJOHPSXFBSJOH
U
IFUSBOTNJUUFSDBOTFFUIFSFDFJWFS"OPQUJPOBMSBDLNPVOULJUBWBJMBCMF
G
SPNZPVS4BNTPO
EFBMFSBMMPXTUIF$3UPCFNPVOUFEJOBTUBOEBSESBDLJGEFTJSFE&YUFOECPUIi"wBOEi#
w

B
OUFOOBTBO
E
Q
M
BDF
C
PU
I
JOBWFSUJDB
M
QPTJUJPO


.BLFTVSFUIF1PXFSPOP
GG
TXJUDIJOZPVS$5CFMUQBDLPS)5IBOEIFMEUSBOTNJUUFSJTTFUUP
i
0GG
w

B*
G

Z
PVST
Z
TUFNDPOUBJOTB$5CFMUQBDLUSBOTNJUUFSQVTIJOCPUITJEFTP
G
UIFCBUUFS
Z
DPWFS
B
OEQVMMCBDLUPPQFOUIFCBUUFSZEPPSXIJDIJTIJOHFEBOEOPUJOUFOEFEUPCFSFNPWFE
G
SPN
U
IFUSBOTNJUUFSDBTF1MFBTFVTFDBSFXIFOPQFOJOHUIJTEPPSBTVOEVFGPSDFXJMMEFTUSPZUIF
I
JOHF

C*
G
ZPVSTZTUFNDPOUBJOTB)5IBOEIFMEUSBOTNJUUFSVOTDSFXUIFCPUUPNTFDUJPOP
G
UIF
N
JDSPQIPOFCZUVSOJOHJUDPVOUFSDMPDLXJTFBOEUIFOTMJEFJUPGG


1MBDFB
G
SFTIWPMUBMLBMJOFCBUUFS
Z
JOUIFUSBOTNJUUFSCBUUFS
Z
IPMEFSUBLJOHDBSFUPPCTFSWF
U
IFQPMBSJUZNBSLJOHT*GZPVBSFVTJOHB$5CFMUQBDLUSBOTNJUUFSHFOUMZSFQMBDFUIFCBUUFSZ
EPPSCZTXJOHJOHJUVQBOEQSFTTJOHVOUJMJUDMJDLT*GZPVBSFVTJOHB)5IBOEIFMEUSBOTNJUUFS
S
FQMBDFUIFCPUUPNTFDUJPOP
G
UIFNJDSPQIPOFC
Z
TMJEJOHJUPOBOEUIFOTDSFXJOHJUCBDLPO
8
IJDIFWFSUSBOTNJUUFSZPVBSFVTJOHMFBWFJUPGGGPSUIFNPNFOU


.B
L
FU
I
FQ
I
ZTJDB
M
DB
CM
FDPOOFDUJPO
C
FUXFFOU
I
F$3PVUQVUKBD
L
BO
E
U
I
F
M
JOFPSNJD
M
FWF
M
B
VEJPJOQVUP
G

Z
PVSBNQMJ
G
JFSPSNJYFS*
G

Z
PVBSFVTJOHUIFCBMBODFE9-3KBDLQSF
G
FSBCMFTJODF
J
UXJMMEFMJWFSBOFMFDUSPNBHOFUJDBMMZDMFBOFSTJHOBMCFTVSFUPTFUUIF$3SFBSQBOFM"VEJP
0
VUQVU-FWFMTXJUDIDPSSFDUMZ*GSFRVJSFECPUIUIFCBMBODFEBOEVOCBMBODFEPVUQVUTDBOCF
V
TFETJNVMUBOFPVTM
Z
-FBWF
Z
PVSBNQMJ
G
JFSBOEPSNJYFSP
GG
BUUIJTUJNF

5VSOUIF7PMVNFLOPCPOUIF$3DPNQMFUFMZDPVOUFSDMPDLXJTF6TJOHUIFTUSBJOSFMJFG
DPOOFDUUIFTVQQMJFE"$BEBQUFSUPUIF%$*OQVUPOUIFSFBSQBOFMPGUIF$3UIFOQMVHUIF
B
EBQUFSJOUPBO
Z
TUBOEBSE"$PVUMFU1SFTTUIF
G
SPOUQBOFM1PXFSTXJUDIUPUVSOPOUIF$3UIF
S
FEi1PXFSw-&%XJMMMJ
H
IUVQCVUBMMPUIFSGSPOUQBOFM-&%TXJMMSFNBJOVOMJU

5VSOPOUIFQPXFSUPUIF$5PS)5USBOTNJUUFSVTJOHJUT1PXFSPOPGGTXJUDIUIFHSFFO
i
)*()w#BUUFS
Z
TUSFOHUI-&%XJMMMJHIUJ
G
UIFCBUUFS
Z
JTTV
GG
JDJFOUM
Z
TUSPOH"UUIJTQPJOUFJUIFSUIF
i
"wPSi#w
H
SFFO-&%POUIFGSPOUQBOFMPGUIF$3XJMMMJ
H
IUEFQFOEJO
H
VQPOXIJDIBOUFOOB
J
TSFDFJWJOHUIFTUSPOHFSTJHOBM"MTPPOFPSNPSFTFHNFOUTJOUIF$3GSPOUQBOFM3'-FWFM
N
FUFSTIPVMEMJHIUUIFNPSFBSFMJUUIFTUSPOHFSUIF3'TJHOBM*
G
POM
Z
POFPSUXPTFHNFOUTMJHIU
JOEJDBUJOHBSFMBUJWFMZXFBLTJHOBMUSZSFMPDBUJOHUIF$3PSDIBOHJOHUIFQPTJUJPOPGPOFPS
C
PUIPGJUTBOUFOOBT*GBMMTJYTFHNFOUTMJHIUUIF$3JTSFDFJWJOHBOPQUJNBMMZTUSPOH3'TJHOBM
B
O
E
JTQ
M
BDF
E
BO
E
QPTJUJPOF
E
DPSSFDU
MZ
/PXJUTUJNFUPTFUUIFBVEJPMFWFMT5VSOPOZPVSDPOOFDUFEBNQMJGJFSBOEPSNJYFSCVULFFQ
J
UTWP
M
VNFB
MM
U
I
FXB
Z

E
PXO/FYUNB
L
FTVSFU
I
BU
Z
PVSUSBOTNJUUFSJTVONVUF
E

CZ
TFUUJOHJUT
"
VEJPTXJUDIUPi0Ow5IFOTFUUIF7PMVNFLOPCPOUIF$3GVMMZDMPDLXJTFUPJUTiwTFUUJOH
&RQFHUWBRZQPDQLQGG 30


4FUUJOH6QBOE6TJOHUIF
$
PODFSU4FSJFT4ZTUF
N
U
IJTJTVOJU
Z
HBJO*G
Z
PVBSFVTJOHUIF)5USBOTNJUUFSPSJG
Z
PVBSFVTJOHUIF$5USBOTNJUUFSXJUI
B
DPOOFDUFEMBWBMJFSNJDSPQIPOFPSIFBETFUTQFBLPSTJO
H
JOUPUIFNJDBUBOPSNBMQFS
G
PSNBODF
MFWFMXIJMFTMPXMZSBJTJOHUIFWPMVNFPGZPVSBNQMJGJFSNJYFSVOUJMUIFEFTJSFEMFWFMJTSFBDIFE*
G

Z
PVBSFVTJOHU
I
F$5USBOTNJUUFSXJU
I
BDPOOFDUF
E
JOTUSVNFOUQ
M
B
Z
U
I
FJOTUSVNFOUBUOPSNB
M
Q
FS
G
PSNBODFMFWFMXIJMFTMPXM
Z
SBJTJOHUIFWPMVNFP
G

Z
PVSBNQMJ
G
JFSNJYFSVOUJMUIFEFTJSFEMFWFM
J
TSFBDIFE*GZPVBSFVTJOHB$5CFMUQBDLUSBOTNJUUFSFRVJQQFEXJUIBMBWBMJFSNJDSPQIPOFOPUF
UI
BUDPSSFDU
M
BWB
M
JFSQ
M
BDFNFOUJTDSJUJDB
M
UPTPVO
E
RVB
M
JU
Z
8FSFDPNNFO
E
U
I
BU
Z
PVQ
M
BDFJUBT
TIPXOJOUIFJMMVTUSBUJPOPOUIFSJHIUBTDMPTFUP
Z
PVS
N
PVUIBT
Q
PTTJCMFCVUPGGUPPOFTJEFUPNJOJNJ[FOBTBM

J
U
Z
BO
E
VOP
C
TUSVDUF
E

CZ
D
M
PU
I
JOH#FBSJONJO
E
B
M
TPU
I
BU
PNOJNJDSPQIPOFTNJDTXIJDIQJDLVQTJ
H
OBM
G
SPNBMM
EJSFDUJPOTBSFNPSF
Q
SPOFUPGFFECBDL
Q
SPCMFNTUIBO
V
OJ
E
JSFDUJPOB
M
DBS
E
JPJ
E
PSTVQFSDBS
E
JPJ
E
POFTJOHFO

FSBM
Z
PVDBOBWPJE
G
FFECBDLC
Z
UBLJOHDBSFOPUUPVTF
B
OZNJDSPQIPOFEJSFDUMZJOGSPOUPGB1"TQFBLFSJGUIJT
J
TVOBWPJ
E
B
CM
FUS
Z
VTJOHBOFRVB
M
J[FSUPBUUFOVBUFU
I
PTF
IJ
H
IPSNJESBO
H
F
G
SFRVFODJFTXIJDIBSFDBVTJO
H
UIF
GFFECBDLiTRVFBMJOHw

*G
Z
PVIFBSEJTUPSUJPOBUUIFEFTJSFEWPMVNFMFWFMGJSTU
DIFDLUPTFFXIFUIFSUIF
Z
FMMPXi1FBLw-&%POUIF$3
J
TMJU*GJUJTOPUNBLFTVSFUIBUUIFHBJOTUSVDUVSFPGZPVS
B
V
E
JPT
Z
TUFNJTDPSSFDU
MZ
TFUDPOTV
M
UU
I
FPXOFSTNBOVB
M
P
G
ZPVSNJYFSBOEPSBNQMJ
G
JFS
G
PSEFUBJMT*
G
UIFZFMMPX
i
1FBLw-&%JTMJUEPUIFGPMMPXJOH

t *
G

Z
PVBSFVTJOHB)5USBOTNJUUFSVTFUIFTVQQMJFEQMBTUJDTDSFXESJWFSUPUVSOJUT
.JDSPQIPOF*OQVU-FWFMDPOUSPMUSJNQPUTMPXMZDPVOUFSDMPDLXJTFUPXBSETUIFi.JOwQPTJ

UJPOVOUJMUIFEJTUPSUJPOEJTB
QQ
FBST

t *
G

Z
PVBSFVTJOHB$5USBOTNJUUFSXJUIDPOOFDUFEMBWBMJFSNJDSPQIPOFPSIFBETFUJUT"VEJP
*OQVU-FWFMDPOUSPMIBTCFFO
G
BDUPSZQSFTFUUPQSPWJEFPQUJNVNMFWFM
G
PSUIFQBSUJDVMBS
MBWBMJFSPSIFBETFUNPEFMCFJOHVTFEBOETPOPBEKVTUNFOUTIPVMECFOFDFTTBSZ"OZEJT

UPSUJPOQSFTFOUTIPVMEUIFSF
G
PSFTJNQM
Z
CFBNBUUFSP
G
UIFNJDSPQIPOFCFJOHUPPDMPTFUP
UIFNPVUIUSZNPWJOHJU
G
VSUIFSBXBZ*
G
UIJTEPFTOPUTPMWFUIFQSPCMFNVTFUIFTVQQMJFE
QM
BTUJDTDSFX
E
SJWFSUPUVSOU
I
F"V
E
JP*OQVU-FWF
M
DPOUSP
M
USJNQPUPOU
I
F$5T
M
PX
M
ZDPVO

UFSD
M
PD
L
XJTFVOUJ
M
U
I
F
E
JTUPSUJPO
E
JTBQQFBST

t *
G
ZPVBSFVTJOHB$5USBOTNJUUFSXJUIBOJOTUSVNFOUTVDIBTFMFDUSJDHVJUBSPSCBTTMPXFS
UIFPVUQVUMFWFMPGUIFJOTUSVNFOUVOUJMUIFEJTUPSUJPOEJTBQQFBST"MUFSOBUJWFMZZPVDBOVTF
U
I
FTVQQ
M
JF
E
Q
M
BTUJDTDSFX
E
SJWFSUPUVSOU
I
F-FWF
M
DPOUSP
M
USJNQPUPOU
I
F$5T
M
PX
MZ
DPVO

UFSDMPDLXJTFVOUJMUIFEJTUPSUJPOEJTB
QQ
FBST
/PUFUIBUGPMMPXJOHUIJTTFUVQQSPDFEVSFZPVDBOBMXBZTMPXFSUIF7PMVNFLOPCPGUIF$3JO
PSEFSUPBUUFOVBUFUIFPVUQVUTJHOBMJ
G
OFDFTTBS
Z
&RQFHUWBRZQPDQLQGG 30


&RQYHUVHO\LI\RXKHDUDZHDNQRLV\VLJQDODWWKHGHVLUHGYROXPHOHYHODJDLQPDNH
V
XUHWKDWWKH
J
DLQVWUXFWXUHRI\RXUDXGLRV\VWHPLVFRUUHFWO\VHWFRQVXOWWKHRZQHUV
PDQXDORI\RXUPL[HUDQGRUDPSOLILHUIRUGHWDLOVDQGWKDWWKH9ROXPHFRQWURORIWKH&5
LVIXOO\FORFNZLVHDWLWV´µVHWWLQJ,ILWLVDQGWKHVLJQDOFRPLQJIURPWKH&5LVVWLOO
Z
HDNDQGRUQRLV\GRWKH
I
ROORZLQ
J


 ,I\RXDUHXVLQJD+7WUDQVPLWWHUXVHWKHVXSSOLHGSODVWLFVFUHZGULYHUWRWXUQWKH
/
HYHOFRQWUROWULPSRWRQWKHWUDQVPLWWHUVORZO
\
FORFNZLVHWRZDUGVWKH´0D[µSRVLWLRQ
XQWLOW
K
HVL
J
QDOUHDF
K
HVDQDFFHSWD
E
OHOHYHO

 ,I\RXDUHXVLQJD&7WUDQVPLWWHUZLWKFRQQHFWHGODYDOLHUPLFURSKRQHRUKHDGVHW
LWV/HYHOFRQWUROKDVEHHQIDFWRU
\
SUHVHWWRSURYLGHRSWLPXPOHYHOIRUWKHSDUWLFXODU
O
DYDOLHURU
K
HD
G
VHWPR
G
HO
E
HLQ
J
XVH
G
DQ
G
VRQRD
G
MXVWPHQWV
K
RXO
G

E
HQHFHVVDU\
$Q\ZHDNQHVVRIVLJQDOVKRXOGWKHUHIRUHVLPSO\EHDPDWWHURIWKHPLFURSKRQHEHLQJ
WRRIDUIURPWKHPRXWKWU\PRYLQJLWFORVHU,IWKLVGRHVQRWVROYHWKHSUREOHPXVHWKH
V
XSSOLHGSODVWLFVFUHZGULYHUWRWXUQWKH/HYHOFRQWUROWULPSRWRQWKH
&
7VORZO
\
FORFN
Z
LVHXQWLOWKHVL
J
QDOUHDFKHVDQDFFHSWDEOHOHYHO

 ,I\RXDUHXVLQJD&7WUDQVPLWWHUZLWKDQLQVWUXPHQWVXFKDVHOHFWULFJXLWDURUEDVV
U
DLVHWKHRXWSXWOHYHOR
I
WKHLQVWUXPHQWXQWLOD
J
RRGVL
J
QDOLVDFKLHYHG$OWHUQDWLYHO\
\
RXFDQXVHWKHVXSSOLHGSODVWLFVFUHZGULYHUWRWXUQWKH/HYHOFRQWURO

WULPSRW

RQWKH
&7VORZO\FORFNZLVHXQWLOWKHVLJQDOUHDFKHVDQDFFHSWDEOHOHYHO

7HPSRUDULO
\
WXUQGRZQWKHOHYHOR
I

\
RXUPL[HUDPSOL
I
LHUV
\
VWHPDQGWXUQR
II
WKHSRZHU
WR\RXUWUDQVPLWWHUOHDYLQJWKH&5RQ7KHQUHVWRUHWKHSUHYLRXVO\VHWOHYHORI\RXU
PL[HUDPSOLILHU:LWKWKHWUDQVPLWWHURIIWKHUHFHLYHURXWSXWVKRXOGEHWRWDOO
\
VLOHQW³LILW
LVVNLSDKHDGWRWKHQH[WVWHS,ILWLVQ·WWKDWLVLI
\
RXKHDUVRPHQRLVH
\
RXPD
\
QHHGWR
D
G
M
XVWWKH&5IURQWSDQHO6TXHOFKFRQWURO:KHQWKH6TXHOFKFRQWUROLVDWLWVPLQLPXP
V
HWWLQJWKH&RQFHUW6HULHVV\VWHPDOZD\VSURYLGHVPD[LPXPUDQJHZLWKRXWGURSRXWKRZ
H
YHU
G
HSHQ
G
LQ
J
XSRQW
K
HSDUWLFXODUHQYLURQPHQW\RXUV\VWHPLVXVH
G
LQ\RXPD\QHH
G

WRUHGXFHWKDWUDQJHVRPHZKDWLQRUGHUWRHOLPLQDWHEDQGQRLVHZKHQWKHWUDQVPLWWHULV
WXUQHGRII7RGRVRXVHWKHSURYLGHGVFUHZGULYHUWRURWDWHWKH
6
TXHOFKFRQWUROFRPSOHWHO
\

FRXQWHUFORFNZLVH

WRWKH´0LQµSRVLWLRQ

WKHQVORZO\WXUQLWFORFNZLVHXQWLOWKHQRLVHGLVDS
SHDUV,IQRQRLVHLVSUHVHQWDWDQ\SRVLWLRQOHDYHLWDWLWVIXOO\FRXQWHUFORFNZLVH´0LQµ
SRVLWLRQVRDVWRKDYHWKHJUHDWHVWRYHUDOOUDQJHDYDLODEOH

:KHQILUVWVHWWLQ
J
XSWKH
&
RQFHUW6HULHVV\VWHPLQDQHZHQYLURQPHQWLW·VDOZD\V
D
JRRGLGHDWRGRDZDONDURXQGLQRUGHUWRPDNHVXUHWKDWFRYHUDJHLVSURYLGHGIRU\RXU
H
QWLUHSHU
I
RUPDQFHDUHD$FFRUGLQJO\WXUQGRZQWKHOHYHOR
I
\RXUDXGLRV\VWHPDQGWXUQ
RQ
E
RW
K
W
K
HWUDQVPLWWHUDQ
G
UHFHLYHU7
K
HQ

ZLW
K
W
K
HWUDQVPLWWHUXQPXWH
G
UHVWRUHW
K
H
O
HYHORI\RXUDXGLRV\VWHPDQGZKLOHVSHDNLQJVLQJLQJRUSOD\LQJ\RXULQVWUXPHQWZDON
WKURXJKWKHHQWLUHDUHDWKDWZLOOQHHGWREHFRYHUHG$V\RXGRVR\RXZLOO
I
LQGWKDWWKH
J
UHHQ´$µDQG´%µ/('VRQWKH
&
5UHFHLYHURFFDVLRQDOO\VZLWFKRQRURIIDOZD\VVKRZ
LQJ\RXZKLFKDQWHQQDLVUHFHLYLQJWKHVWURQJHUVLJQDO$OZD\VWU\WRPLQLPL]HWKHGLVWDQFH
EHWZHHQWUDQVPLWWHUDQGUHFHLYHUDVPXFKDVSRVVLEOHVRWKDWWKHVWURQJHVWSRVVLEOHVLJ
QDOLVUHFHLYHG
I
URPDOOSODQQHGWUDQVPLVVLRQSRLQWV,Q
I
L[HGLQVWDOODWLRQVVXFKDV$9RU
FRUSRUDWHFRQIHUHQFHURRPVRUIRUH[WHQGHGUDQJHDSSOLFDWLRQV

ZKHUHWKHWUDQVPLWWHUDQG
U
HFHLYHUDUHPRUHWKDQIHHWDSDUWLWPD\EHGHVLUDEOHWRDQJOHWKHDQWHQQDVGLIIHUHQW

O\

I
URPWKHLUYHUWLFDOSRVLWLRQRUWRLQVWDOOWKHUHFHLYHULQWKHVDPHURRPDVWKHWUDQVPLWWHUV

DQGLIQHFHVVDU\WRH[WHQGWKHZLULQJWRUHPRWHDXGLRHTXLSPHQW


,I
\RXKDYH
I
ROORZHGDOOWKHVWHSVDERYHDQGDUHH[SHULHQFLQJGL
II
LFXOWLHVFRQWDFW\RXU
O
RFDOGLVWULEXWRURULISXUFKDVHGLQWKH8QLWHG6WDWHVFDOO6DPVRQ7HFKQLFDO6XSSRUW

EHWZHHQ$0DQG30(67


4FUUJOH6QBOE6TJOHUIF
$PODFSU4FSJFT4ZTUFN
&RQFHUWBRZQPDQLQGG 30

."/6'"$563&3 .0%&- 1*/ 1*/ 1*/
"6%*0 5&$)/*$" "5
:&--08Y 
3&%Y +6.1501*/
  4)*&-%
"6%*05&$)/*$" "5
"6%*05&$)/*$" "5.
:&--08Y 
3&%Y +6.1501*/
  4)*&-%
"6%*05&$)/*$" "5.
"6%*05&$)/*$" "5130)&
:&--08Y 
/$ 3&%Y
  4)*&-%
"6%*05&$)/*$" "5130)&
"6%*05&$)/*$" .5
4)*&-% 8)*5& +6.1501*/
40/: &$.
4)*&-% 
3&% +6.1501*/
8)*5&
40/: &$.
40/: &$.
4)*&-% 8)*5& +6.1501*/
$06/53:."/ *40."9
4)*&-% 8)*5& +6.1501*/

(
6*5"3
4)*&-% /$ "6%*0
1*/*/'
0
3."5*
0
/
48*5$)$3"'5 
(306/% 7ED "6%*0
 5"'
1
SPDFEVSF
G
PSXJSJO
H
$5-DPOOFDUPS
F
X
JS
F
X
6OTDSFXSV
CC
FS
C
PPUBO
E
QBTT
X

UISPV
H
IBOE4PMEFSXJSFUPBGUFSSFNPWJO
H
GSPNVTFDIBSUBCPWF


JT

3
FJOTFSUUPXJUIBUUBDIFEXJSFJTLFZFEUPGJU1MVHJOUPBHBJO

L
F
Z
F
E
UPBO
E
DSJNQXJSF3FT
D
"
QQ
FOEJY"$5-.VMUJ
Q
JO
8
JSJO
H
(VJEFBOE$IBSU
6:,7&+&5$)77$)
   
1
&RQFHUWBRZQPDQLQGG 30


4Q
FDJ
G
JDBUJPOT
4ZTUFN4QFDJ
G
JDBUJPOT

$
I
BOOF
M
T   
 'SFRVFOD
Z
5
Z
QF   '
 .PEVMBUJPO5ZQF   '
.
 /PJTF3F
E
VDUJPO5
Z
QF  $PNQBO
E
FS&YQBO
E
FS
 %JTUBODF   
G
FF
U
5SBOTNJUUFS)5

$5

 0TDJMMBUJPO5ZQF  %JSFDU1--
1SFFN
QI
BTJT   
+
TF
D
 "OUFOO
B
  )5   *OUF
H
SBM"OUFOOB
  $5   8BWF-FOHU
I
8JSF1JH5BJ
M

*O
Q
VU$5   5#.4XJUDIDSB
G
U$POOFDUPS
 .BYJNVN*OQVU-FWFM   7Q
Q
#BUUFS
Z
  %VSBDF
MM
./WP
M
UB
ML
B
M
JO
F

0
QFSBUJOH5FNQFSBUVSF 
¡
$


¡

$
 4XJUDIFT$POUSPMT 1PXFS0/0''

"VEJP0/0'
'
  )5  .JD-FWF
M
7
PMV
N
F
  $5  "VEJP-FWFM
 %JTQMBZ-&% #BUUFSZ-PX.JE)JHIDPSSFTQPOETUP777

 0QFSBUJO
H
7P
M
UB
H
F  7P
M
UT

 $VSSFOU$POTVN
Q
UJPO  N
"

3
'
1P
XFS  

N
8
 'SFRVFOD
Z
4UB
C
J
M
JU
Z
  
L
)
[
4
Q
VSJPVT3BUJP  O
8
 %FWJBUJPO  L)[L)[L)[

 5)%0WFSB
MM
 NBY!"'
L
)[

3'
E
#V

 "''SFRVFOD
Z
3FTQPOTF  )[
L
)[
E
#PWFSB
MM
 #BUUFSZMJ
G
F   IPVS
T
3FDF
J
WFS$3

 0TDJ
MM
BUJPO5
Z
QF  1--
%FFN
QI
BTJT  
+
TF
D
 *''SFRVFODZ  .)
[
 "OUFOOB  8BWF
M
FO
H
U
I
3P
E
 *O0VU %$*O
M
FU#B
M
BODF
E
0VU
Q
VU6O
C
B
M
BODF
E
0VU
Q
V
U
 %JTQMBZ-&% 3FDFJWFS"#(SFFO1PXFS0O3FE1FBL:FMMPX3'-FWFMQD

 -FWF
M
$POUSP
M
"V
E
JP-FWF
M
7P
M
VNF

.VUF-FWF
M
$POUSP
M
 0QFSBUJOH5FNQFSBUVSF  ¡$¡
$
 0QFSBUJO
H
7PMUB
H
F   7PMUT

 $VSSFOU$POTVNQUJPO   N"BUB
MM
-&%
M
J
HI
UT

 3FDFJWJOH'SFRVFOD
Z
3BOHF  .)
[
 4FOTJUJWJUZ   E#
+

!5)%

 4RVF
M
D
I
4FOTJUJWJUZ   
E#
+
"
E
KVTUB
CM
F
 4FMFDUJWJU
Z
  L)["'0VU3BUJPE#

 5)%0WFSBMM  .BY!"'L)[3'E#V

 4/3BUJP0WFSB
MM
  
E
#X*)'"'J
M
UFS

 3FTJEVBM/PJTF  E#W

X*)'"'JMUFS

 #BOE.VUF L)[L)[3'*/E#V&.'

 "''SFRVFODZ3FTQPOTF  )[
L
)[
E
#PWFSB
MM
"V
E
JP0VU
Q
VU-FWF
M
6O
C
B
M
BODF
E
 
E
#
W
 "VEJP0VUQVU-FWFM#BMBODFE   E#N-JOFE#N.JD

"V
E
JP0VUQVU*NQF
E
BODF6O
C
B
M
BODF
E
 
L
0
I
N
T
 "VEJP0VU
Q
VU*N
Q
FEBODF#BMBODFE  0IN
T
4
QFDJGJDBUJPOTTVCKFDUUPDIBOHF

&RQFHUWBRZQPDQLQGG 30

5BC
MF
P
G$
P
OUFOU
T
*
OUSPEVDUJPO4
Z
TUFN'FBUVSFT

(V
J
E
F
E
5
PV
S$33FDFJWFS'S
P
OU1
B
OFM

(
VJEFE5PVS$33FDFJWFS3FBS1BOFMBOE'SFRVFOD
Z
$POWFSTJPO$IBSU

(
VJEFE5PVS$5#FMU
Q
BDL5SBOTNJUUFS

(
VJEFE5PVS)5)BOEIFME.JDSP
Q
IPOF5SBOTNJUUFS

4
FUUJOH6QBOE6TJOHUIF$PODFSU4FSJFT4
Z
TUFN 

"
QQFOEJY"$5.VMUJQJO8JSJO
H
(VJEFBOE$IBSU 

4Q
FDJmDBUJPOT 

$PQ
Z
SJH
I
U4BNTPO5FD
I
OP
M
PHJFT$PSQ

'
JSTU1SJOUF
E
.
B
SDI

4BNTPO5FD
I
OP
M
PHJFT$PSQ





6
O
E
FSIJMM#MW
E
1 0
#
P
Y

4
Z
PTTFU/:

1
IPOF4".40/

'B
Y









XXXTBNTPOUFD
I
DP
N
#ONCERT?OWNMANINDD !-