Sam Ash Music CT7- Wireless Microphone Transmitter User Manual CR77 HT7 CT7 SAMSON manual n

Sam Ash Music Corporation Wireless Microphone Transmitter CR77 HT7 CT7 SAMSON manual n

Contents

user manual

TBNTPOUFDIDPN!.4! !.4"6/,5-%0/7%22&-%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
5BCMFPG$POUFOUT*OUSPEVDUJPO4ZTUFN'FBUVSFT(VJEFE5PVS$33FDFJWFS'SPOU1BOFM(VJEFE5PVS$33FDFJWFS3FBS1BOFMBOE'SFRVFODZ$POWFSTJPO$IBSU(VJEFE5PVS$5#FMUQBDL5SBOTNJUUFS(VJEFE5PVS)5)BOEIFME.JDSPQIPOF5SBOTNJUUFS4FUUJOH6QBOE6TJOHUIF$PODFSU4FSJFT4ZTUFN "QQFOEJY"$5.VMUJQJO8JSJOH(VJEFBOE$IBSU 4QFDJmDBUJPOT $PQZSJHIU4BNTPO5FDIOPMPHJFT$PSQ'JSTU1SJOUFE.BSDI4BNTPO5FDIOPMPHJFT$PSQ6OEFSIJMM#MWE1 0#PY4ZPTTFU/:1IPOF4".40/'BYXXXTBNTPOUFDIDPN#ONCERT?OWNMANINDD !-
*OUSPEVDUJPO4ZTUFN'FBUVSFT$POHSBUVMBUJPOTPOQVSDIBTJOHUIF4BNTPO$PODFSU4FSJFT6)'8JSFMFTT4ZTUFN"MUIPVHIUIJTQSPEVDUJTEFTJHOFEGPSFBTZPQFSBUJPOXFTVHHFTUZPVGJSTUUBLFTPNFUJNFUPHPUISPVHIUIFTFQBHFTTPZPVDBOGVMMZVOEFSTUBOEIPXXFWFJNQMFNFOUFEBOVNCFSPGVOJRVFGFBUVSFT&WFSZXJSFMFTTTZTUFNDPOTJTUTPGBUMFBTUUXPDPNQPOFOUTBUSBOTNJUUFSBOEBSFDFJWFSCPUIPGXIJDINVTUCFUVOFEUPUIFTBNFDIBOOFMUIBUJTUIFTBNFSBEJPGSFRVFODZJOPSEFSUPPQFSBUFDPSSFDUMZ5IF4BNTPO$PODFSU4FSJFTTZTUFNZPVIBWFQVSDIBTFEPQFSBUFTJOUIF.)[GSFRVFODZSBOHFBOEDPOUBJOTB$3SFDFJWFSBOEFJUIFSPVS$5CFMUQBDLUSBOTNJUUFSGPSMBWBMJFSXJOEJOTUSVNFOUIFBETFUNJDSPQIPOFBQQMJDBUJPOTBOEJOTUSVNFOUBQQMJDBUJPOTPSUIF)5IBOEIFMENJDSPQIPOFUSBOTNJUUFSBWBJMBCMFXJUIUIF4BNTPO2EZOBNJDPS$DPOEFOTFSDBQTVMFT*OUIJTNBOVBMZPVMMGJOEBEFUBJMFEEFTDSJQUJPOPGUIFGFBUVSFTPGUIF$PODFSU4FSJFT8JSFMFTTTZTUFNBTXFMMBTBHVJEFEUPVSUISPVHIBMMDPNQPOFOUTTUFQCZTUFQJOTUSVDUJPOTGPSTFUUJOHVQZPVSTZTUFNXJSJOHEJBHSBNTBOEUBCMFTBOEGVMMTQFDJGJDBUJPOT*GZPVS$PODFSU4FSJFTTZTUFNXBTQVSDIBTFEJOUIF6OJUFE4UBUFTZPVMMBMTPGJOEBXBSSBOUZDBSEFODMPTFEEPOUGPSHFUUPGJMMJUPVUBOENBJMJU5IJTXJMMFOBCMFZPVUPSFDFJWFPOMJOFUFDIOJDBMTVQQPSUBOEXJMMBMMPXVTUPTFOEZPVVQEBUFEJOGPSNBUJPOBCPVUUIJTBOEPUIFS4BNTPOQSPEVDUTJOUIFGVUVSF*GZPVS$PODFSU4FSJFT8JSFMFTTTZTUFNXBTQVSDIBTFEPVUTJEFPGUIF64DPOUBDUZPVSMPDBMEJTUSJCVUPSGPSXBSSBOUZEFUBJMT41&$*"-/05&GPS64QVSDIBTFST4IPVMEZPVS$PODFSU4FSJFT8JSFMFTTTZTUFNFWFSSFRVJSFTFSWJDJOHB3FUVSO"VUIPSJ[BUJPOOVNCFS3"JTOFDFTTBSZ8JUIPVUUIJTOVNCFSUIFVOJUXJMMOPUCFBDDFQUFE*GZPVS$PODFSU4FSJFT8JSFMFTTTZTUFNXBTQVSDIBTFEJOUIF6OJUFE4UBUFTQMFBTFDBMM4BNTPO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$PODFSU4FSJFT8JSFMFTTTZTUFNXBTQVSDIBTFEPVUTJEFPGUIF64DPOUBDUZPVSMPDBMEJTUSJCVUPSGPSTFSWJDJOHJOGPSNBUJPO:PVSSFDFJWFSBOEUSBOTNJUUFSIBWFCFFOGBDUPSZQSFTFUUPVUJMJ[FUIFTBNFDIBOOFM"MJTUJOHPGUIFTJYBWBJMBCMFDIBOOFMTBOEUIFJSDPSSFTQPOEJOH6)'GSFRVFODJFTDBOCFGPVOEPOQBHFPGUIJTNBOVBM4ZTUFN'FBUVSFT%FTJHOFEGPSVTFJOCPUIMJWFTPVOEBOETPVOEDPOUSBDUJOHBQQMJDBUJPOTUIF4BNTPO$PODFSU4FSJFT8JSFMFTT4ZTUFNQSPWJEFTBIJHIQFSGPSNBODFDPTUFGGFDUJWFTPMVUJPOVUJMJ[JOHTUBUFPGUIFBSUUFDIOPMPHZJOXJSFMFTTDPNNVOJDBUJPOT.BJOGFBUVSFTJODMVEFt4JYEJGGFSFOUBWBJMBCMFDIBOOFMTBMMPQFSBUJOHJOUIFMFTTDSPXEFE6)'CBOEXJEUIBOEBMMEFTJHOFEGPSTJNVMUBOFPVTVTF5IJTNFBOTUIBUZPVDBOVTFNVMUJQMF$PODFSU4FSJFTTZTUFNTFBDIUVOFEUPBEJGGFSFOUDIBOOFMJOUIFTBNFMPDBUJPOXJUIPVUJOUFSGFSFODF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JOUFSGFSFODFQSPCMFNT&RQFHUWBRZQPDQLQGG 30
4ZTUFN'FBUVSFTt5IF$3SFDFJWFSJTBIBMGSBDLVOJUUIBUDBOCFVTFEGSFFTUBOEJOHPSDBOCFNPVOUFEJOBOZTUBOEBSESBDLNBLJOHJUFBTZUPJOUFHSBUFJOUPBOZUSBWFMJOHPSGJYFEJOTUBMMBUJPOBVEJPTZTUFN*UJODMVEFTBQBJSPGUVOFEBOUFOOBTBOEQSPWJEFTCPUICBMBODFEBOEVOCBMBODFEPVUQVUTMJOFNJDPVUQVUMFWFMTXJUDIBOEDPOUJOVPVTMZBEKVTUBCMF7PMVNFBOE4RVFMDIDPOUSPMTBTXFMMBTBOBVEJPQFBL-&%EVBMBOUFOOBJOEJDBUPSTBTJYTFHNFOU"VEJPMFWFMNFUFSBOEBTJYTFHNFOU3'MFWFMNFUFSt#VJMUJODPNQBOEJOHOPJTFSFEVDUJPOJOBMMDPNQPOFOUTGPSDSZTUBMDMFBSTPVOEXJUINJOJNJ[FECBDLHSPVOEOPJTFBOEIJTTt5SBOTNJUUFSTQSPWJEFiQPQMFTTwNVUJOHXIJDIUVSOTPGGUIFBVEJPTJHOBMXIJMFMFBWJOHUIFDBSSJFSTJHOBMPOBOEVTFTUBOEBSEWPMUCBUUFSJFTXJUICBUUFSZMJGFPGNPSFUIBOIPVST5IF$PODFSUUSBOTNJUUFSTBMTPQSPWJEFBDPOWFOJFOU#BUUFSZ4USFOHUI-&%NFUFSBMMPXJOHZPVUPNPOJUPSUIFSFNBJOJOHQPXFSJOUIFJOTUBMMFECBUUFSZt5IF$5QSPWJEFTBNJOJ9-3KBDLGPSDPOOFDUJPOUPUIF4BNTPO($1DBCMFXJUITUBOEBSEKBDLGPSVTFXJUIJOTUSVNFOUTTVDIBTFMFDUSJDHVJUBSPSCBTTPSGPSDPOOFDUJOHUPBWBSJFUZPGQPQVMBSIFBETFUTBOEMBWBMJFSNJDSPQIPOFTJODMVEJOH4BNTPO2&IFBETFU4BNTPO27IFBETFU4BNTPO)41IFBETFU 4BNTPO).18JOE*OTUSVNFOU.JD 4BNTPO-.1MBWBMJFS   4BNTPO2-MBWBMJFS "VEJP5FDIOJDB"5.IFBETFU "VEJP5FDIOJDB.5MBWBMJFS  "QQMJFE.JDSPQIPOF5FDIOPMPHZ 3PBNJOH0OFXJOEJOTUSVNFOUNJDSPQIPOF "VEJP5FDIOJDB"5MBWBMJFS$PVOUSZNBO*TP.BYIFBETFU 4POZ&$.MBWBMJFS4POZ&$.MBWBMJFSt5IF)5IBOEIFMENJDSPQIPOFUSBOTNJUUFSJTBWBJMBCMFXJUIFJUIFSUIF4BNTPO2/FPEZNJVNEZOBNJDNJDSPQIPOFDBQTVMFPSUIF4BNTPO$$POEFOEFSNJDSPQIPOFDBQTVMFt"MMDPNQPOFOUTIBWFSVHHFEDPOTUSVDUJPOUIBUFOTVSFTSFMJBCMFPQFSBUJPOJOFWFOUIFNPTUEFNBOEJOHQFSGPSNBODFFOWJSPONFOUT6TJOHBOPQUJPOBM4BNTPO3,SBDLBEBQUFSLJU0QUJNJ[FEGPSBFSPCJDTXPSLPVUTUIJTIFBETFUJTSFDPNNFOEFEGPSVTBHFJOIJHIIVNJEJUZFOWJSPONFOUTTVDIBTQIZTJDBMGJUOFTTDFOUFST&RQFHUWBRZQPDQLQGG 30
(VJEFE5PVS$3'SPOU1BOFM"OUFOOBT"BOE#5IFBOUFOOBNPVOUJOHTBMMPXGVMMSPUBUJPOGPSPQUJNVNQMBDFNFOU*OOPSNBMPQFSBUJPO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XIFOUSBOTQPSUJOHUIF$34FFUIFi4FUUJOH6QBOE6TJOHUIF"JS-JOF4ZTUFNwTFDUJPOPOQBHFJOUIJTNBOVBMGPSJOGPSNBUJPOBCPVUBOUFOOBJOTUBMMBUJPOBOEQPTJUJPOJOH7PMVNFDPOUSPM5IJTLOPCTFUTUIFMFWFMPGUIFBVEJPTJHOBMCFJOHPVUQVUUISPVHICPUIUIFCBMBODFEBOEVOCBMBODFEPVUQVUKBDLTPOUIFSFBSQBOFMTFFBOEPOQBHFJOUIJTNBOVBM3FGFSFODFMFWFMJTPCUBJOFEXIFOUIFLOPCJTUVSOFEGVMMZDMPDLXJTFUPJUTiwTFUUJOH"VEJP.FUFS5IJTiMBEEFSwEJTQMBZTJNJMBSUPUIF76CBSNFUFSVTFEPOBVEJPEFWJDFTJOEJDBUFTUIFTUSFOHUIPGUIFJODPNJOHBVEJPTJHOBM8IFOUIFiwTFHNFOUJTMJUUIFJODPNJOHTJHOBMJTPQUJNJ[FEBUVOJUZHBJOXIFOUIFiwTFHNFOUJTMJUUIFTJHOBMJTPWFSMPBEJOH8IFOPOMZUIFMFGUNPTUiwTFHNFOUJTMJUUIFJODPNJOHTJHOBMJTBUKVTUPGPQUJNVNTUSFOHUI*GOPTFHNFOUTBSFMJUMJUUMFPSOPTJHOBMJTCFJOHSFDFJWFE4FFUIFi4FUUJOH6QBOEUIF$PODFSU4FSJFT4ZTUFNwTFDUJPOPOQBHFJOUIJTNBOVBMGPSNPSFJOGPSNBUJPO4RVFMDIDPOUSPM5IJTDPOUSPMEFUFSNJOFTUIFNBYJNVNSBOHFPGUIF$3CFGPSFBVEJPTJHOBMESPQPVU"MUIPVHIJUDBOCFBEKVTUFEVTJOHUIFTVQQMJFEQMBTUJDTDSFXESJWFSJUTIPVMEOPSNBMMZCFMFGUBUJUTGBDUPSZTFUUJOH4FFUIFi4FUUJOH6QBOE6TJOHUIF$PODFSU4FSJFT4ZTUFNwTFDUJPOPOQBHFJOUIJTNBOVBMGPSNPSFJOGPSNBUJPO"#"OUFOOB-&%T8IFOTJHOBMJTCFJOHSFDFJWFEPOFPGUIFTFXJMMCFMJUHSFFOTIPXJOHZPVXIFUIFSUIFMFGUi"wPSSJHIUi#wBOUFOOBJTDVSSFOUMZCFJOHVTFE5IF$3DPOTUBOUMZTDBOTJUTUXPBOUFOOBTBOEBVUPNBUJDBMMZTFMFDUTXIJDIFWFSJTSFDFJWJOHUIFTUSPOHFTUDMFBSFTUTJHOBM5IJT5SVF%JWFSTJUZ TXJUDIJOHJTDPNQMFUFMZJOBVEJCMFCVUJUFGGFDUJWFMZJODSFBTFTPWFSBMMSBOHFXIJMFWJSUVBMMZFMJNJOBUJOHQPUFOUJBMJOUFSGFSFODFBOEQIBTFDBODFMMBUJPOQSPCMFNT3'3BEJP'SFRVFODZ-FWFMNFUFS5IJTiMBEEFSwEJTQMBZTJNJMBSUPUIF76CBSNFUFSVTFEPOBVEJPEFWJDFTJOEJDBUFTUIFTUSFOHUIPGUIFJODPNJOHSBEJPTJHOBM8IFOUIFiwTFHNFOUJTMJUUIFJODPNJOH3'TJHOBMJTGVMMZNPEVMBUFEBOEBUPQUJNVNTUSFOHUI8IFOPOMZUIFTFDPOENPTUMFGUNPTUiwTFHNFOUJTMJUUIFJODPNJOHTJHOBMJTBUKVTUPGPQUJNVNTUSFOHUI*GOPTFHNFOUTBSFMJUMJUUMFPSOPTJHOBMJTCFJOHSFDFJWFE4FFUIFi4FUUJOH6QBOE6TJOHUIF$PODFSU4FSJFT4ZTUFNwTFDUJPOPOQBHFJOUIJTNBOVBMGPSNPSFJOGPSNBUJPO1PXFSTXJUDI6TFUIJTUPUVSOUIF$3QPXFSPOBOEPGG8IFOUIFSFDFJWFSJTPOUIFJOUFSOBM1PXFS-&%JTMJU!.4! !.4"6/,5-%0/7%22&-%4%2!5$)/-%4%2D"     !.4! !.4"315%,#(-).#25(&425%$)6%23)492%#%)6%2-!8&RQFHUWBRZQPDQLQGG 30
(VJEFE5PVS$33FBS1BOFM%$JOQVU $POOFDUUIFTVQQMJFEWPMUN"QPXFSBEBQUFSIFSFVTJOHUIFTUSBJOSFMJFGBTTIPXOJOUIFJMMVTUSBUJPOCFMPX8"3/*/(%POPUTVCTUJUVUFBOZPUIFSLJOEPGQPXFSBEBQUFSEPJOHTPDBODBVTFTFWFSFEBNBHFUPUIF$3BOEXJMMWPJEZPVSXBSSBOUZ#BMBODFEPVUQVU6TFUIJTFMFDUSPOJDBMMZCBMBODFEMPXJNQFEBODF0IN9-3KBDLXIFODPOOFDUJOHUIF$3UPQSPGFTTJPOBMBVEJPFRVJQNFOU1JOXJSJOHJTBTGPMMPXT1JOHSPVOE1JOIJHIIPUBOE1JOMPXDPME"VEJP0VUQVU-FWFMTXJUDI4FUTUIFBVEJPPVUQVUMFWFMBUUFOVBUJPOPGUIFCBMBODFEPVUQVUTFFCFMPXUPE#NMJOFMFWFMPSE#NNJDMFWFM4FFUIFi4FUUJOH6QBOE6TJOHUIF$PODFSU4FSJFT4ZTUFNwTFDUJPOPOQBHFJOUIJTNBOVBMGPSNPSFJOGPSNBUJPO6OCBMBODFEPVUQVU6TFUIJTVOCBMBODFEIJHIJNQFEBODF,0INKBDLXIFODPOOFDUJOHUIF$3UPDPOTVNFSBVEJPFRVJQNFOU8JSJOHJTBTGPMMPXTUJQIPUTMFFWFHSPVOE*GSFRVJSFECPUIUIFVOCBMBODFEBOECBMBODFEPVUQVUTDBOCFVTFETJNVMUBOFPVTM$PODFSU4FSJFT'SFRVFODZ$POWFSTJPO$IBSU6TJOH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#HANNEL555555&REQUENCIES-(Z-(Z-(Z-(Z-(Z-(Z#HANNEL%%%%&REQUENCIES-(Z-(Z-(Z-(Z&RQFHUWBRZQPDQLQGG 30N1N2N3N4N5N6642.375MHz642.875MHz644.125MHz645.500MHz644.750MHz645.750MHzFCC ID : CCRCR77
(VJEFE5PVS$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#BUUFSZ-&%5IJT-&%GMBTIFTPODFXIFOUIF$5JTGJSTUUVSOFEPOBOEMJHIUTTUFBEJMZSFEXIFOUIFSFBSFMFTTUIBOIPVSTPGCBUUFSZQPXFSSFNBJOJOHJOEJDBUJOHUIBUUIFCBUUFSZOFFETUPCFDIBOHFE*OPSEFSUPBWPJEDPNQSPNJTJOHBVEJPGJEFMJUZPSIBWJOHUIF$5TUPQXPSLJOHDPNQMFUFMZZPVTIPVMEBMXBZTSFQMBDFUIFCBUUFSZXJUIBGSFTIPOFJNNFEJBUFMZXIFOFWFSUIJT-&%MJHIUTSFE"VEJPPOPGGTXJUDI8IFOTFUUPUIFiPOwQPTJUJPOBVEJPTJHOBMJTUSBOTNJUUFE8IFOTFUUPUIFiPGGwQPTJUJPOUIFBVEJPTJHOBMJTNVUFE#FDBVTFUIFDBSSJFSTJHOBMSFNBJOTEVSJOHNVUJOHOPiQPQwPSiUIVEwXJMMCFIFBSE/PUFUIBUUVSOJOHUIJTPGGEPFTOPUUVSOPGGUIFUSBOTNJUUFSQPXFSJUJTTJNQMZBXBZUPUFNQPSBSJMZNVUFUIFUSBOTNJTTJPOPGBVEJPTJHOBM*GZPVEPOUQMBOPOVTJOHUIFUSBOTNJUUFSGPSFYUFOEFEQFSJPETUVSOPGGUIFUSBOTNJUUFSQPXFSCZVTJOHUIFQPXFSPOPGGTXJUDITFFPOUIFOFYUQBHF#FMUDMJQ6TFUIJTDMJQUPGBTUFOUIF$5UPBCFMU#BUUFSZDPWFSSFMFBTF1VTIJOCPUITJEFTPGUIFCBUUFSZDPWFSBOEQVMMCBDLUPPQFOUIF$5CBUUFSZDPWFS"OUFOOB5IJTQFSNBOFOUMZBUUBDIFEUSBOTNJUUFSiTUJGGwBOUFOOBTIPVMECFGVMMZFYUFOEFEGPSOPSNBMPQFSBUJPOT4FFUIFi4FUUJOH6QBOE6TJOHUIF$PODFSU4FSJFT4ZTUFNwTFDUJPOPOQBHFJOUIJTNBOVBMGPSNPSFJOGPSNBUJPOBCPVUBOUFOOBQPTJUJPOJOH&RQFHUWBRZQPDQLQGG $0
(VJEFE5PVS$5"UUFOVBUJPOTXJUDI 5IF$5USBOTNJUUFSGFBUVSFTBTJHOBM"UUFOVBUJPOTXJUDIUIBUJTVTFEUPTFMFDUUIFJOQVUMFWFMPGiE#wPSiE#w5IJT"UUFOVBUJPOTXJUDIIBTCFFOGBDUPSZQSFTFUUPiE#wQSPWJEJOHUIFPQUJNVNMFWFMGPSNPTUNJDSPQIPOFBOEJOTUSVNFOUJOQVUTJHOBMT*GZPVBSFVTJOHBNJDSPQIPOFPSJOTUSVNFOUXJUIBIJHIPVUQVUTJHOBMGJSTUUSZUPBEKVTUUIF(BJODPOUSPMBTEFTDSJCFEJOUIFGPMMPXJOHTFDUJPO*GZPVDBOOPUBUUFOVBUFUIFTJHOBMMPXFOPVHIVTJOHUIF(BJODPOUSPMVTFUIFTVQQMJFEQMBTUJDTDSFXESJWFSTFFCFMPXUPUVSOUIFSPUBSZ"UUFOVBUJPOTXJUDIUPUIFDPVOUFSDMPDLXJTFQPTJUJPOTFUUJOHUIF$5UPiE#wMFWFM"VEJP*OQVU-FWFMDPOUSPMUSJNQPU5IJTJOQVUTFOTJUJWJUZDPOUSPMIBTCFFOGBDUPSZQSFTFUUPQSPWJEFPQUJNVNMFWFMGPSUIFQBSUJDVMBSMBWBMJFSIFBETFUPSGPSPQUJNVNJOTUSVNFOUMFWFMTPXFSFDPNNFOEUIBUUIJTOPUCFBEKVTUFENBOVBMMZ*GOFDFTTBSZIPXFWFSZPVDBOVTFUIFTVQQMJFEQMBTUJDTDSFXESJWFSTFFCFMPXUPSBJTFPSMPXFSUIF$5JOQVUMFWFM4FFUIFi4FUUJOH6QBOE6TJOHUIF$PODFSU4FSJFT4ZTUFNwTFDUJPOPOQBHFJOUIJTNBOVBMGPSNPSFJOGPSNBUJPO#BUUFSZIPMEFS*OTFSUBTUBOEBSEWPMUBMLBMJOFCBUUFSZIFSFCFJOHTVSFUPPCTFSWFUIFQMVTBOENJOVTQPMBSJUZNBSLJOHTTIPXO8FSFDPNNFOEUIF%VSBDFMM./UZQFCBUUFSZ"MUIPVHISFDIBSHFBCMF/J$BECBUUFSJFTDBOCFVTFEUIFZEPOPUTVQQMZBEFRVBUFDVSSFOUGPSNPSFUIBOGPVSIPVST8"3/*/(%POPUJOTFSUUIFCBUUFSZCBDLXBSETEPJOHTPDBODBVTFTFWFSFEBNBHFUPUIF$5BOEXJMMWPJEZPVSXBSSBOUZ1PXFSPOPGGTXJUDI6TFUIJTUPUVSOUIF$5POPSPGGUPDPOTFSWFCBUUFSZQPXFSCFTVSFUPMFBWFJUPGGXIFOOPUJOVTF1MBTUJDTDSFXESJWFS4QFDJBMMZEFTJHOFEGPSVTFJOBEKVTUJOHUIF$5"VEJP*OQVU-FWFMDPOUSPMTFFBCPWFBOEPS$34RVFMDIDPOUSPMTFFPOQBHF4FFUIFi4FUUJOH6QBOE6TJOHUIF$PODFSU4FSJFT4ZTUFNwTFDUJPOPOQBHFJOUIJTNBOVBMGPSNPSFJOGPSNBUJPO&RQFHUWBRZQPDQLQGG $0
(VJEFE5PVS)5"VEJPPOPGGTXJUDI8IFOTFUUPUIFiPOwQPTJUJPOBVEJPTJHOBMJTUSBOTNJUUFE8IFOTFUUPUIFiPGGwQPTJUJPOUIFBVEJPTJHOBMJTNVUFE#FDBVTFUIFDBSSJFSTJHOBMSFNBJOTEVSJOHNVUJOHOPiQPQwPSiUIVEwXJMMCFIFBSE/PUFUIBUUVSOJOHUIJTPGGEPFTOPUUVSOPGGUIFUSBOTNJUUFSQPXFSJUJTTJNQMZBXBZUPUFNQPSBSJMZNVUFUIFUSBOTNJTTJPOPGBVEJPTJHOBM*GZPVEPOUQMBOPOVTJOHUIFUSBOTNJUUFSGPSFYUFOEFEQFSJPETUVSOPGGUIFUSBOTNJUUFSQPXFSCZVTJOHUIFQPXFSPOPGGTXJUDITFFCFMPX#BUUFSZMFWFMNFUFS5IJTTFUPGUISFFNVMUJDPMPS-&%TJOEJDBUFTSFMBUJWFCBUUFSZQPXFSJOEJDBUJOHXIFUIFSUIFJOTUBMMFECBUUFSZJTBUMPXSFENJEZFMMPXPSIJHIHSFFOTUSFOHUI0OFPGUIFTFXJMMMJHIUXIFOFWFSUIF)5JTQPXFSFEPOTFFCFMPX8IFOUIFSFEiMPXwJOEJDBUPSMJHIUT3'QFSGPSNBODFJTEFHSBEFEBOEUIFCBUUFSZOFFETUPCFSFQMBDFE1PXFSPOPGGTXJUDI6TFUIJTUPUVSOUIF)5POPSPGGUPDPOTFSWFCBUUFSZQPXFSCFTVSFUPMFBWFJUPGGXIFOOPUJOVTF.JDSPQIPOF*OQVU-FWFMDPOUSPMUSJNQPU5IJTJOQVUTFOTJUJWJUZDPOUSPMIBTCFFOGBDUPSZQSFTFUUPQSPWJEFPQUJNVNMFWFMGPSUIFQBSUJDVMBSNJDSPQIPOFDBQTVMFQSPWJEFEXJUIZPVS$PODFSUTZTUFNBOETPXFSFDPNNFOEUIBUUIJTOPUCFBEKVTUFENBOVBMMZ*GOFDFTTBSZIPXFWFSZPVDBOVTFUIFTVQQMJFEQMBTUJDTDSFXESJWFSUPSBJTFPSMPXFSUIFJOQVUMFWFM4FFUIFi4FUUJOH6QBOE6TJOHUIF$PODFSU4FSJFT4ZTUFNwTFDUJPOPOQBHFJOUIJTNBOVBMGPSNPSFJOGPSNBUJPO#BUUFSZIPMEFS*OTFSUBTUBOEBSEWPMUBMLBMJOFCBUUFSZIFSFCFJOHTVSFUPPCTFSWFUIFQMVTBOENJOVTQPMBSJUZNBSLJOHTTIPXO8FSFDPNNFOEUIF%VSBDFMM./UZQFCBUUFSZ"MUIPVHISFDIBSHFBCMF/J$BECBUUFSJFTDBOCFVTFEUIFZEPOPUTVQQMZBEFRVBUFDVSSFOUGPSNPSFUIBOGPVSIPVST8"3/*/(%POPUJOTFSUUIFCBUUFSZCBDLXBSETEPJOHTPDBODBVTFTFWFSFEBNBHFUPUIF)5BOEXJMMWPJEZPVSXBSSBOUZ#FTVSFUPNVUFUIFBVEJPTJHOBMBUZPVSFYUFSOBMNJYFSPSBNQMJGJFSCFGPSFUVSOJOHUSBOTNJUUFSQPXFSPOPSPGGPSBOBVEJCMFQPQNBZSFTVMU0,1 0$;/(9(/32:(5212))!5$)/,/7 -)$ ()'("!44%29,%6%,#H/&& /.&##)$##2(4&RQFHUWBRZQPDQLQGG 30
4FUUJOH6QBOE6TJOHUIFZ$PODFSU4FSJFT4ZTUFN5IFCBTJDQSPDFEVSFGPSTFUUJOHVQBOEVTJOHZPVS$PODFSU4FSJFT8JSFMFTT4ZTUFNUBLFTPOMZBGFXNJOVUFT'PSUIF$PODFSU4FSJFTTZTUFNUPXPSLDPSSFDUMZCPUIUIFSFDFJWFSBOEUSBOTNJUUFSNVTUCFTFUUPUIFTBNFDIBOOFM3FNPWFBMMQBDLJOHNBUFSJBMTTBWFUIFNJODBTFPGOFFEGPSGVUVSFTFSWJDFBOEDIFDLUPNBLFTVSFUIBUUIFTVQQMJFE$3SFDFJWFSBOE$5PS)5USBOTNJUUFSBSFTFUUPUIFTBNFDIBOOFM*GUIFTFDIBOOFMTEPOPUNBUDIDPOUBDUZPVSEJTUSJCVUPSPSJGQVSDIBTFEJOUIF6OJUFE4UBUFT4BNTPO5FDIOJDBM4VQQPSUBU1IZTJDBMMZQMBDFUIF$3SFDFJWFSXIFSFJUXJMMCFVTFEUIFHFOFSBMSVMFPGUIVNCJTUPNBJOUBJOiMJOFPGTJHIUwCFUXFFOUIFSFDFJWFSBOEUSBOTNJUUFSTPUIBUUIFQFSTPOVTJOHPSXFBSJOHUIFUSBOTNJUUFSDBOTFFUIFSFDFJWFS"OPQUJPOBMSBDLNPVOULJUBWBJMBCMFGSPNZPVS4BNTPOEFBMFSBMMPXTUIF$3UPCFNPVOUFEJOBTUBOEBSESBDLJGEFTJSFE&YUFOECPUIi"wBOEi#wBOUFOOBTBOEQMBDFCPUIJOBWFSUJDBMQPTJUJPO.BLFTVSFUIF1PXFSPOPGGTXJUDIJOZPVS$5CFMUQBDLPS)5IBOEIFMEUSBOTNJUUFSJTTFUUPi0GGwB*GZPVSTZTUFNDPOUBJOTB$5CFMUQBDLUSBOTNJUUFSQVTIJOCPUITJEFTPGUIFCBUUFSZDPWFSBOEQVMMCBDLUPPQFOUIFCBUUFSZEPPSXIJDIJTIJOHFEBOEOPUJOUFOEFEUPCFSFNPWFEGSPNUIFUSBOTNJUUFSDBTF1MFBTFVTFDBSFXIFOPQFOJOHUIJTEPPSBTVOEVFGPSDFXJMMEFTUSPZUIFIJOHFC*GZPVSTZTUFNDPOUBJOTB)5IBOEIFMEUSBOTNJUUFSVOTDSFXUIFCPUUPNTFDUJPOPGUIFNJDSPQIPOFCZUVSOJOHJUDPVOUFSDMPDLXJTFBOEUIFOTMJEFJUPGG1MBDFBGSFTIWPMUBMLBMJOFCBUUFSZJOUIFUSBOTNJUUFSCBUUFSZIPMEFSUBLJOHDBSFUPPCTFSWFUIFQPMBSJUZNBSLJOHT*GZPVBSFVTJOHB$5CFMUQBDLUSBOTNJUUFSHFOUMZSFQMBDFUIFCBUUFSZEPPSCZTXJOHJOHJUVQBOEQSFTTJOHVOUJMJUDMJDLT*GZPVBSFVTJOHB)5IBOEIFMEUSBOTNJUUFSSFQMBDFUIFCPUUPNTFDUJPOPGUIFNJDSPQIPOFCZTMJEJOHJUPOBOEUIFOTDSFXJOHJUCBDLPO8IJDIFWFSUSBOTNJUUFSZPVBSFVTJOHMFBWFJUPGGGPSUIFNPNFOU.BLFUIFQIZTJDBMDBCMFDPOOFDUJPOCFUXFFOUIF$3PVUQVUKBDLBOEUIFMJOFPSNJDMFWFMBVEJPJOQVUPGZPVSBNQMJGJFSPSNJYFS*GZPVBSFVTJOHUIFCBMBODFE9-3KBDLQSFGFSBCMFTJODFJUXJMMEFMJWFSBOFMFDUSPNBHOFUJDBMMZDMFBOFSTJHOBMCFTVSFUPTFUUIF$3SFBSQBOFM"VEJP0VUQVU-FWFMTXJUDIDPSSFDUMZ*GSFRVJSFECPUIUIFCBMBODFEBOEVOCBMBODFEPVUQVUTDBOCFVTFETJNVMUBOFPVTMZ-FBWFZPVSBNQMJGJFSBOEPSNJYFSPGG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$3UIFOQMVHUIFBEBQUFSJOUPBOZTUBOEBSE"$PVUMFU1SFTTUIFGSPOUQBOFM1PXFSTXJUDIUPUVSOPOUIF$3UIFSFEi1PXFSw-&%XJMMMJHIU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HSFFOi)*()w#BUUFSZTUSFOHUI-&%XJMMMJHIUJGUIFCBUUFSZJTTVGGJDJFOUMZTUSPOH"UUIJTQPJOUFJUIFSUIFi"wPSi#wHSFFO-&%POUIFGSPOUQBOFMPGUIF$3XJMMMJHIUEFQFOEJOHVQPOXIJDIBOUFOOBJTSFDFJWJOHUIFTUSPOHFSTJHOBM"MTPPOFPSNPSFTFHNFOUTJOUIF$3GSPOUQBOFM3'-FWFMNFUFSTIPVMEMJHIUUIFNPSFBSFMJUUIFTUSPOHFSUIF3'TJHOBM*GPOMZPOFPSUXPTFHNFOUTMJHIUJOEJDBUJOHBSFMBUJWFMZXFBLTJHOBMUSZSFMPDBUJOHUIF$3PSDIBOHJOHUIFQPTJUJPOPGPOFPSCPUIPGJUTBOUFOOBT*GBMMTJYTFHNFOUTMJHIUUIF$3JTSFDFJWJOHBOPQUJNBMMZTUSPOH3'TJHOBMBOEJTQMBDFEBOEQPTJUJPOFEDPSSFDUMZ/PXJUTUJNFUPTFUUIFBVEJPMFWFMT5VSOPOZPVSDPOOFDUFEBNQMJGJFSBOEPSNJYFSCVULFFQJUTWPMVNFBMMUIFXBZEPXO/FYUNBLFTVSFUIBUZPVSUSBOTNJUUFSJTVONVUFE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4ZTUFNUIJTJTVOJUZHBJO*GZPVBSFVTJOHUIF)5USBOTNJUUFSPSJGZPVBSFVTJOHUIF$5USBOTNJUUFSXJUIBDPOOFDUFEMBWBMJFSNJDSPQIPOFPSIFBETFUTQFBLPSTJOHJOUPUIFNJDBUBOPSNBMQFSGPSNBODFMFWFMXIJMFTMPXMZSBJTJOHUIFWPMVNFPGZPVSBNQMJGJFSNJYFSVOUJMUIFEFTJSFEMFWFMJTSFBDIFE*GZPVBSFVTJOHUIF$5USBOTNJUUFSXJUIBDPOOFDUFEJOTUSVNFOUQMBZUIFJOTUSVNFOUBUOPSNBMQFSGPSNBODFMFWFMXIJMFTMPXMZSBJTJOHUIFWPMVNFPGZPVSBNQMJGJFSNJYFSVOUJMUIFEFTJSFEMFWFMJTSFBDIFE*GZPVBSFVTJOHB$5CFMUQBDLUSBOTNJUUFSFRVJQQFEXJUIBMBWBMJFSNJDSPQIPOFOPUFUIBUDPSSFDUMBWBMJFSQMBDFNFOUJTDSJUJDBMUPTPVOERVBMJUZ8FSFDPNNFOEUIBUZPVQMBDFJUBTTIPXOJOUIFJMMVTUSBUJPOPOUIFSJHIUBTDMPTFUPZPVSNPVUIBTQPTTJCMFCVUPGGUPPOFTJEFUPNJOJNJ[FOBTBMJUZBOEVOPCTUSVDUFECZDMPUIJOH#FBSJONJOEBMTPUIBUPNOJNJDSPQIPOFTNJDTXIJDIQJDLVQTJHOBMGSPNBMMEJSFDUJPOTBSFNPSFQSPOFUPGFFECBDLQSPCMFNTUIBOVOJEJSFDUJPOBMDBSEJPJEPSTVQFSDBSEJPJEPOFTJOHFOFSBMZPVDBOBWPJEGFFECBDLCZUBLJOHDBSFOPUUPVTFBOZNJDSPQIPOFEJSFDUMZJOGSPOUPGB1"TQFBLFSJGUIJTJTVOBWPJEBCMFUSZVTJOHBOFRVBMJ[FSUPBUUFOVBUFUIPTFIJHIPSNJESBOHFGSFRVFODJFTXIJDIBSFDBVTJOHUIFGFFECBDLiTRVFBMJOHw*GZPVIFBSEJTUPSUJPOBUUIFEFTJSFEWPMVNFMFWFMGJSTUDIFDLUPTFFXIFUIFSUIFZFMMPXi1FBLw-&%POUIF$3JTMJU*GJUJTOPUNBLFTVSFUIBUUIFHBJOTUSVDUVSFPGZPVSBVEJPTZTUFNJTDPSSFDUMZTFUDPOTVMUUIFPXOFSTNBOVBMPGZPVSNJYFSBOEPSBNQMJGJFSGPSEFUBJMT*GUIFZFMMPXi1FBLw-&%JTMJUEPUIFGPMMPXJOHt *GZPV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EJTBQQFBSTt *GZPVBSFVTJOHB$5USBOTNJUUFSXJUIDPOOFDUFEMBWBMJFSNJDSPQIPOFPSIFBETFUJUT"VEJP*OQVU-FWFMDPOUSPMIBTCFFOGBDUPSZQSFTFUUPQSPWJEFPQUJNVNMFWFMGPSUIFQBSUJDVMBSMBWBMJFSPSIFBETFUNPEFMCFJOHVTFEBOETPOPBEKVTUNFOUTIPVMECFOFDFTTBSZ"OZEJTUPSUJPOQSFTFOUTIPVMEUIFSFGPSFTJNQMZCFBNBUUFSPGUIFNJDSPQIPOFCFJOHUPPDMPTFUPUIFNPVUIUSZNPWJOHJUGVSUIFSBXBZ*GUIJTEPFTOPUTPMWFUIFQSPCMFNVTFUIFTVQQMJFEQMBTUJDTDSFXESJWFSUPUVSOUIF"VEJP*OQVU-FWFMDPOUSPMUSJNQPUPOUIF$5TMPXMZDPVOUFSDMPDLXJTFVOUJMUIFEJTUPSUJPOEJTBQQFBSTt *GZPVBSFVTJOHB$5USBOTNJUUFSXJUIBOJOTUSVNFOUTVDIBTFMFDUSJDHVJUBSPSCBTTMPXFSUIFPVUQVUMFWFMPGUIFJOTUSVNFOUVOUJMUIFEJTUPSUJPOEJTBQQFBST"MUFSOBUJWFMZZPVDBOVTFUIFTVQQMJFEQMBTUJDTDSFXESJWFSUPUVSOUIF-FWFMDPOUSPMUSJNQPUPOUIF$5TMPXMZDPVOUFSDMPDLXJTFVOUJMUIFEJTUPSUJPOEJTBQQFBST/PUFUIBUGPMMPXJOHUIJTTFUVQQSPDFEVSFZPVDBOBMXBZTMPXFSUIF7PMVNFLOPCPGUIF$3JOPSEFSUPBUUFOVBUFUIFPVUQVUTJHOBMJGOFDFTTBSZ&RQFHUWBRZQPDQLQGG 30
&RQYHUVHO\LI\RXKHDUDZHDNQRLV\VLJQDODWWKHGHVLUHGYROXPHOHYHODJDLQPDNHVXUHWKDWWKHJDLQVWUXFWXUHRI\RXUDXGLRV\VWHPLVFRUUHFWO\VHWFRQVXOWWKHRZQHUVPDQXDORI\RXUPL[HUDQGRUDPSOLILHUIRUGHWDLOVDQGWKDWWKH9ROXPHFRQWURORIWKH&5LVIXOO\FORFNZLVHDWLWV´µVHWWLQJ,ILWLVDQGWKHVLJQDOFRPLQJIURPWKH&5LVVWLOOZHDNDQGRUQRLV\GRWKHIROORZLQJ ,I\RXDUHXVLQJD+7WUDQVPLWWHUXVHWKHVXSSOLHGSODVWLFVFUHZGULYHUWRWXUQWKH/HYHOFRQWUROWULPSRWRQWKHWUDQVPLWWHUVORZO\FORFNZLVHWRZDUGVWKH´0D[µSRVLWLRQXQWLOWKHVLJQDOUHDFKHVDQDFFHSWDEOHOHYHO ,I\RXDUHXVLQJD&7WUDQVPLWWHUZLWKFRQQHFWHGODYDOLHUPLFURSKRQHRUKHDGVHWLWV/HYHOFRQWUROKDVEHHQIDFWRU\SUHVHWWRSURYLGHRSWLPXPOHYHOIRUWKHSDUWLFXODUODYDOLHURUKHDGVHWPRGHOEHLQJXVHGDQGVRQRDGMXVWPHQWVKRXOGEHQHFHVVDU\$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VXSSOLHGSODVWLFVFUHZGULYHUWRWXUQWKH/HYHOFRQWUROWULPSRWRQWKH&7VORZO\FORFNZLVHXQWLOWKHVLJQDOUHDFKHVDQDFFHSWDEOHOHYHO ,I\RXDUHXVLQJD&7WUDQVPLWWHUZLWKDQLQVWUXPHQWVXFKDVHOHFWULFJXLWDURUEDVVUDLVHWKHRXWSXWOHYHORIWKHLQVWUXPHQWXQWLODJRRGVLJQDOLVDFKLHYHG$OWHUQDWLYHO\\RXFDQXVHWKHVXSSOLHGSODVWLFVFUHZGULYHUWRWXUQWKH/HYHOFRQWUROWULPSRWRQWKH&7VORZO\FORFNZLVHXQWLOWKHVLJQDOUHDFKHVDQDFFHSWDEOHOHYHO7HPSRUDULO\WXUQGRZQWKHOHYHORI\RXUPL[HUDPSOLILHUV\VWHPDQGWXUQRIIWKHSRZHUWR\RXUWUDQVPLWWHUOHDYLQJWKH&5RQ7KHQUHVWRUHWKHSUHYLRXVO\VHWOHYHORI\RXUPL[HUDPSOLILHU:LWKWKHWUDQVPLWWHURIIWKHUHFHLYHURXWSXWVKRXOGEHWRWDOO\VLOHQW³LILWLVVNLSDKHDGWRWKHQH[WVWHS,ILWLVQ·WWKDWLVLI\RXKHDUVRPHQRLVH\RXPD\QHHGWRDGMXVWWKH&5IURQWSDQHO6TXHOFKFRQWURO:KHQWKH6TXHOFKFRQWUROLVDWLWVPLQLPXPVHWWLQJWKH&RQFHUW6HULHVV\VWHPDOZD\VSURYLGHVPD[LPXPUDQJHZLWKRXWGURSRXWKRZHYHUGHSHQGLQJXSRQWKHSDUWLFXODUHQYLURQPHQW\RXUV\VWHPLVXVHGLQ\RXPD\QHHGWRUHGXFHWKDWUDQJHVRPHZKDWLQRUGHUWRHOLPLQDWHEDQGQRLVHZKHQWKHWUDQVPLWWHULVWXUQHGRII7RGRVRXVHWKHSURYLGHGVFUHZGULYHUWRURWDWHWKH6TXHOFKFRQWUROFRPSOHWHO\FRXQWHUFORFNZLVHWRWKH´0LQµSRVLWLRQWKHQVORZO\WXUQLWFORFNZLVHXQWLOWKHQRLVHGLVDSSHDUV,IQRQRLVHLVSUHVHQWDWDQ\SRVLWLRQOHDYHLWDWLWVIXOO\FRXQWHUFORFNZLVH´0LQµSRVLWLRQVRDVWRKDYHWKHJUHDWHVWRYHUDOOUDQJHDYDLODEOH:KHQILUVWVHWWLQJXSWKH&RQFHUW6HULHVV\VWHPLQDQHZHQYLURQPHQWLW·VDOZD\VDJRRGLGHDWRGRDZDONDURXQGLQRUGHUWRPDNHVXUHWKDWFRYHUDJHLVSURYLGHGIRU\RXUHQWLUHSHUIRUPDQFHDUHD$FFRUGLQJO\WXUQGRZQWKHOHYHORI\RXUDXGLRV\VWHPDQGWXUQRQERWKWKHWUDQVPLWWHUDQGUHFHLYHU7KHQZLWKWKHWUDQVPLWWHUXQPXWHGUHVWRUHWKHOHYHO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$V\RXGRVR\RXZLOOILQGWKDWWKHJUHHQ´$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$OZD\VWU\WRPLQLPL]HWKHGLVWDQFHEHWZHHQWUDQVPLWWHUDQGUHFHLYHUDVPXFKDVSRVVLEOHVRWKDWWKHVWURQJHVWSRVVLEOHVLJQDOLVUHFHLYHGIURPDOOSODQQHGWUDQVPLVVLRQSRLQWV,QIL[HGLQVWDOODWLRQVVXFKDV$9RUFRUSRUDWHFRQIHUHQFHURRPVRUIRUH[WHQGHGUDQJHDSSOLFDWLRQVZKHUHWKHWUDQVPLWWHUDQGUHFHLYHUDUHPRUHWKDQIHHWDSDUWLWPD\EHGHVLUDEOHWRDQJOHWKHDQWHQQDVGLIIHUHQWO\IURP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IROORZHGDOOWKHVWHSVDERYHDQGDUHH[SHULHQFLQJGLIILFXOWLHVFRQWDFW\RXUORFDO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*/$06/53:."/ *40."94)*&-% 8)*5& +6.1501*/(6*5"34)*&-% /$ "6%*01*/*/'03."5*0/48*5$)$3"'5 (306/% 7ED "6%*0 5"'1SPDFEVSFGPSXJSJOH$5-DPOOFDUPSFXJSFX6OTDSFXSVCCFSCPPUBOEQBTTXUISPVHIBOE4PMEFSXJSFUPBGUFSSFNPWJOHGSPNVTFDIBSUBCPWFJT3FJOTFSUUPXJUIBUUBDIFEXJSFJTLFZFEUPGJU1MVHJOUPBHBJOLFZFEUPBOEDSJNQXJSF3FTD"QQFOEJY"$5-.VMUJQJO8JSJOH(VJEFBOE$IBSU6:,7&+&5$)77$)   1&RQFHUWBRZQPDQLQGG 30
4QFDJGJDBUJPOT4ZTUFN4QFDJGJDBUJPOT$IBOOFMT    'SFRVFODZ5ZQF   ' .PEVMBUJPO5ZQF   '. /PJTF3FEVDUJPO5ZQF  $PNQBOEFS&YQBOEFS %JTUBODF   GFFU5SBOTNJUUFS)5$5 0TDJMMBUJPO5ZQF  %JSFDU1--1SFFNQIBTJT   +TFD "OUFOOB  )5   *OUFHSBM"OUFOOB  $5   8BWF-FOHUI8JSF1JH5BJM*OQVU$5   5#.4XJUDIDSBGU$POOFDUPS .BYJNVN*OQVU-FWFM   7QQ#BUUFSZ  %VSBDFMM./WPMUBMLBMJOF0QFSBUJOH5FNQFSBUVSF ¡$¡$ 4XJUDIFT$POUSPMT 1PXFS0/0''"VEJP0/0''  )5  .JD-FWFM7PMVNF  $5  "VEJP-FWFM %JTQMBZ-&% #BUUFSZ-PX.JE)JHIDPSSFTQPOETUP777 0QFSBUJOH7PMUBHF  7PMUT $VSSFOU$POTVNQUJPO  N"3'1PXFS  N8 'SFRVFODZ4UBCJMJUZ  L)[4QVSJPVT3BUJP  O8 %FWJBUJPO  L)[L)[L)[ 5)%0WFSBMM NBY!"'L)[3'E#V "''SFRVFODZ3FTQPOTF  )[L)[E#PWFSBMM #BUUFSZMJGF   IPVST3FDFJWFS$3 0TDJMMBUJPO5ZQF  1--%FFNQIBTJT  +TFD *''SFRVFODZ  .)[ "OUFOOB  8BWFMFOHUI3PE *O0VU %$*OMFU#BMBODFE0VUQVU6OCBMBODFE0VUQVU %JTQMBZ-&% 3FDFJWFS"#(SFFO1PXFS0O3FE1FBL:FMMPX3'-FWFMQD -FWFM$POUSPM"VEJP-FWFM7PMVNF.VUF-FWFM$POUSPM 0QFSBUJOH5FNQFSBUVSF  ¡$¡$ 0QFSBUJOH7PMUBHF   7PMUT $VSSFOU$POTVNQUJPO   N"BUBMM-&%MJHIUT 3FDFJWJOH'SFRVFODZ3BOHF  .)[ 4FOTJUJWJUZ   E#+!5)% 4RVFMDI4FOTJUJWJUZ   E#+"EKVTUBCMF 4FMFDUJWJUZ  L)["'0VU3BUJPE# 5)%0WFSBMM  .BY!"'L)[3'E#V 4/3BUJP0WFSBMM  E#X*)'"'JMUFS 3FTJEVBM/PJTF  E#WX*)'"'JMUFS #BOE.VUF L)[L)[3'*/E#V&.' "''SFRVFODZ3FTQPOTF  )[L)[E#PWFSBMM"VEJP0VUQVU-FWFM6OCBMBODFE E#W "VEJP0VUQVU-FWFM#BMBODFE   E#N-JOFE#N.JD"VEJP0VUQVU*NQFEBODF6OCBMBODFE L0INT "VEJP0VUQVU*NQFEBODF#BMBODFE  0INT4QFDJGJDBUJPOTTVCKFDUUPDIBOHF&RQFHUWBRZQPDQLQGG 30
5BCMFPG$POUFOUT*OUSPEVDUJPO4ZTUFN'FBUVSFT(VJEFE5PVS$33FDFJWFS'SPOU1BOFM(VJEFE5PVS$33FDFJWFS3FBS1BOFMBOE'SFRVFODZ$POWFSTJPO$IBSU(VJEFE5PVS$5#FMUQBDL5SBOTNJUUFS(VJEFE5PVS)5)BOEIFME.JDSPQIPOF5SBOTNJUUFS4FUUJOH6QBOE6TJOHUIF$PODFSU4FSJFT4ZTUFN "QQFOEJY"$5.VMUJQJO8JSJOH(VJEFBOE$IBSU 4QFDJmDBUJPOT $PQZSJHIU4BNTPO5FDIOPMPHJFT$PSQ'JSTU1SJOUFE.BSDI4BNTPO5FDIOPMPHJFT$PSQ6OEFSIJMM#MWE1 0#PY4ZPTTFU/:1IPOF4".40/'BYXXXTBNTPOUFDIDPN#ONCERT?OWNMANINDD !-

Navigation menu