QUANSHENG UV-K5 Two Way Radio User Manual
UV-K5 Two Way Radio
QUANSHENG, UV-K5, UVK5, XBPUV-K5, XBPUVK5, UV-K5 Two Way Radio, UV-K5 Radio, Two Way Radio, Radio, User Manual
QUANSHENG UV-K5 Two Way Radio User Manual - RADIOPROFI
User’s Manual Emergency Weather Channel Receiving/Fast Copy One Channel/VOX/ Multi-Band Transmitting and 50∽600MHz Receiving/Remote Kill /Revive/TPYE-C and Charger-base Charging/200 Channels K5-1 FCC Compliance Statements: This device complies with part 15 of the FCC Rules.
k5
RadioProfi РадиолÑбиÑелÑÑкий ÑоÑÑм ÐÐСУÐÐÐÐÐÐ Ð ÐÐÐÐСТÐÐЦÐÐ Quansheng UV-K5
Quansheng UV-K5 User Manual
Quansheng UV-5K - Pagina 3 - ricetrasmettitori cinesi - Rogerk radioamatori e cb forum
User Manual for QUANSHENG models including: UV-K5, UVK5, XBPUV-K5, XBPUVK5, UV-K5 Two Way Radio, Two Way Radio, Radio
Not Your Device? Search For Manuals or Datasheets below:
File Info : application/pdf, 13 Pages, 446.91KB
Document DEVICE REPORT
✖
TWO-WAY RADIO User's Manual &NFSHFODZ8FBUIFS$IBOOFM3FDFJWJOH'BTU$PQZ0OF$IBOOFM709 .VMUJ#BOE5SBOTNJUUJOHBOE.)[3FDFJWJOH3FNPUF,JMM 3FWJWF51:&$BOE$IBSHFSCBTF$IBSHJOH$IBOOFMT , '$$'34(.34"NBUFVS8"3/*/( µ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i3FPSJFOUPSSFMPDBUFUIFSFDFJWJOHBOUFOOB i*ODSFBTFUIFTFQBSBUJPOCFUXFFOUIFFRVJQNFOUBOESFDFJWFS i$POOFDUUIFFRVJQNFOUJOUPBOPVUMFUPOBDJSDVJUEJGGFSFOUGSPN UIBUUPXIJDIUIFSFDFJWFSJTDPOOFDUFE i$POTVMUUIFEFBMFSPSBOFYQFSJFODFESBEJP57UFDIOJDJBOGPSIFMQ 5IJTEFWJDFDPNQMJFTXJUI'$$SBEJBUJPOFYQPTVSFMJNJUTTFUGPSUIGPS BOVODPOUSPMMFEFOWJSPONFOU%POPUVTFUIJTEFWJDFXIFOUIFBOUFOOB TIPXTPCWJPVTEBNBHFT )PMEUIJTUSBOTNJUUFSBQQSPYJNBUFMZNNBXBZGSPNZPVSGBDFBOE TQFBLOPSNBMXJUIUIFBOUFOOBQPJOUFEVQBOEBXBZ6TFUIFTVQQMJFE CFMUDMJQGPSCPEZXPSODPOGJHVSBUJPOBTPUIFSBDDFTTPSJFTNBZOPU DPNQMZUPUIFMJNJUT 8"3/*/(.0%*'*$"5*0/0'5)*4%&7*$&503&$&*7&$&--6-"3 3'$"$%*3065-&&-4&1")/0%/'&&4%&&337"*-$&-"48*( /"-4*4130)*#*5&%6/%&3 µ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¥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³1MFBTFQVUUIFSBEJPBOEBDDFTTPSJFTXIFSFUIFDIJMESFODBOOPUSFBDI ³.BJOUFOBODFDBOPOMZCFQFSGPSNFECZQSPGFTTJPOBMUFDIOJDJBOT ³1MFBTFVTFUIFTUBOEBSECBUUFSZQBDLBOEDIBSHFSJOPSEFSOPUUP EFTUSPZUIFSBEJP ³1MFBTFVTFUIFTUBOEBSEBOUFOOB JOPSEFSOPUUPTIPSUFOUIF DPNNVOJDBUJPOEJTUBODF ³%POPUFYQPTFUIFSBEJPUPTVOMJHIUGPSBMPOHQFSJPEPGUJNF OPSQVUJUOFBSUIFIFBU ³%POPUQVUJUJOFYUSFNFEVTUPSXFUFOWJSPONFOU ³%POPUDMFBOUIFSBEJPXJUIGJFSDFDIFNJDBMQSPEVDUT DMFBOJOH BHFOUTPSTUSPOHXBTIJOHBHFOUT ³%POPUUSBOTNJUXIFOUIFBOUFOOBJTOPUJOTUBMMFE ³*GZPVGJOECBETNFMMPSTNPH QMFBTFUVSOPGGUIFSBEJPJNNFEJBUFMZ "OEUBLFUIFCBUUFSZPGGUIFSBEJP UIFODPOUBDUXJUIUIFBHFOU $IBSHJOH/PUFT ³#BUUFSZQBDLTBSFOPUDIBSHFEXIFOUIFZBSFTIJQQFE$IBSHJOHUIFNCFGPSFVTF ³*OJUJBMMZDIBSHJOHUIFCBUUFSZQBDLBGUFSQVSDIBTFPSFYUFOEFETUPSBHF MPOHFSUIBONPOUIT XJMMOPUCSJOHUIFCBUUFSZQBDLUPJUTHSFBUFTU DBQBDJUZPSJUTOPSNBMDIBSHF XIJDIDBOCFEPOFPOMZBGUFSSFQFBUFE DIBSHJOHBOEEJTDIBSHJOHUXPPSUISFFUJNFT ³#FGPSFDIBSHJOH QMFBTFQPXFSPGGUIFSBEJP%POPUVTFUIFSBEJPEVSJOHDIBSHF 0SJUXJMMBGGFDUUIFOPSNBMDIBSHJOHPGUIFCBUUFSZQBDLBOEDBVTFEBOHFSPVTBDDJEFOUT ³"GUFSUIFCBUUFSZQBDLJTGVMMZDIBSHFE QMFBTFUBLFJUPVUPGUIFDIBSHFSCBTF %POPUDIBSHFJUBHBJOCFGPSFUIFCBUUFSZJTDPNQMFUFMZSVOOJOHPVU0SJUXJMM EFTUSPZUIFNFNPSZFGGFDUPGUIFCBUUFSZ ³"MUIPVHIVTJOHUIFSJHIUDIBSHJOHXBZT CVUUIFCBUUFSZEPFTOPU HBJODBQBDJUZPSVTJOHUJNF JUNFBOTUIFCBUUFSZMJGFJTOFBSUIFFOE QMFBTFDIBOHFBOFXCBUUFSZQBDL ³1MFBTFBEPQUPSJHJOBMGBDUPSZCBUUFSZQBDLBOEDIBSHFS 5IFZBSFBWBJMBCMFXJUIZPVSMPDBMBHFOU ³*GZPVIBWFRVFTUJPOBCPVUOPOPSJHJOBMGBDUPSZCBUUFSZQBDLBOE BDDFTTPSZ QMFBTFEPOPUVTFUIFN0SJUXJMMDBVTFEBOHFSPVTBDDJEFOUT /PUF 6TFPSJHJOBMGBDUPSZDIBSHFSGPSDIBSHJOH BOEUIF5ZQF$DIBSHJOH QPSUPGUIFCPEZJTPOMZVTFEGPSFNFSHFODZDIBSHJOH 5PQSPUFDUTUIFFOWJSPONFOU QMFBTFSFDZDMFUIFCBUUFSZQBDL %POPUSFNPWFUIFCBUUFSZXIFOVTF5ZQF$DIBSHJOH /FWFSBUUFNQUUPSFNPWFUIFDBTJOHGSPNUIFCBUUFSZQBDL .BJO'FBUVSF ¯$IBOOFM ¯&NFSHFODZ8FBUIFS$IBOOFMT ¯$SPTT#BOE*OUFSDPN ¯1PXFSPO1BTTXPSE1SPUFDUJPO ¯);$BMM5POF ¯".'."WJBUJPO#BOE3FDFJWJOH ¯1SPHSBN0O4JUF ¯3FWFSTF'SFRVFODZ'VODUJPO ¯&NFSHFODZ"MFSU ¯5ZQF$"OE$IBSHFS#BTF$IBSHJOH ¯'.3BEJP ¯8JEF/BSSPX#BOEXJEUI ¯(SPVQ4DSBNCMFS ¯0GGTFU'SFRVFODZ%JSFDUJPO4FU ¯.VMUJ4DBO ¯8JSFMFTT3BEJP3FQMJDBUJPO ¯$5$44%$4 ¯4RVFMDI-FWFM"EKVTUBCMF ¯3FNPUF,JMM3FWJWF ¯3FQFBUFS'PSXBSEJOH$POGJSNBUJPO'VODUJPO ¯,FZQBE-PDL ¯'SFRVFODZ"OE$IBOOFM.PEF4IJGU ¯+BDLMJHIU ¯0GGTFU'SFRVFODZ4FUUJOH ¯1$1SPHSBNNBCMF ¯$IBOOFM4DBO"OE"EE ¯#VTZ$IBOOFM-PDL ¯%5.'$BMMJOH ¯709 ¯%5.'"/* ¯%VBMXBUDIPQFSUJPO ¯%5.'4FMFDU$BMM TJOHMFDBMM HSPVQDBMM BMMDBMM ¯5JNF0VU5JNFS ¯#BDLMJHIU"VUP0GG5JNF4FMFDUJWF ¯3FTFU ¯"VUPNBUJD4JHOBMJOH4FBSDI ¯-BSHF-$%%JTQMBZ ¯.VMUJ4UFQ'SFRVFODZ ¯7PJDF1SPNQU ¯0OF,FZ$BMM$IBOOFM ¯3FNJOEJOH4XJUDI ¯.VMUJ%JTQMBZ0G$IBOOFM/P$IBOOFM'SFRVFODZ$IBOOFM/BNF ¯) )JHI . .FEJVN - -PX 0VUQVU1PXFS4FMFDUJWF ¯.VMUJ#BOE5SBOTNJUUJOH.)[3FDFJWJOH ¯3FDFJWF5SBOTNJU$PEF4FUUJOH4FQBSBUFMZ ¯)JHI$BQBDJUZ#BUUFSZ=-POH4UBOECZ5JNF ¯'BTU$PQZ0OF$IBOOFM c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°5SBOTNJUUJOH3FDFJWJOH4XJUDI,FZ1SFTTo155pUPUSBOTNJUBOE TQFBLUPNJDSPQIPOF3FMFBTFo155pUPSFDFJWF 1SPHSBNNBCMF'VODUJPO,FZBOE*UT'VODUJPO °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°.FOV$POGJSN,FZ.&/6 "*ONBJOQBHF TIPSUQSFTTJUUPFOUFSUIFNFOV DIPPTFNFOV JUFNBOEQSFTT.&/6LFZUPDPOGJSNUIFQBSBNFUFS #-POHQSFTTUIJTLFZUPFOUFSUIFMBTUTFUUJOHJUFN $6OEFSUIF%5.''VODUJPO JUNFBOT"DPEFXPSE 04 °&YJU$MFBS,FZ&9*5 "*O&EJUTUBUVT TIPSUQSFTTJUUPFYJUBOEDPNFUPVQQFSNFOV MPOHQSFTTJUUPFYJUBOEDPNFUPNBJOQBHF #*O*OQVUTUBUVT QSFTTJUUPDMFBSUIFJOQVUJOGP $6OEFSUIF%5.''VODUJPO JUNFBOT%DPEFXPSE °6Q,FZ ".PWF6QXBSE #6OEFSUIF%5.'GVODUJPO JUNFBOT#DPEFXPSE °%PXO,FZ ".PWF%PXOXBSE #6OEFSUIF%5.'GVODUJPO JUNFBOT$DPEFXPSE °,FZ "4IPSUQSFTT,FZUPFOUFSNBOVBMEJBMBOEDBMMQBHF #6OEFSUIF%5.'GVODUJPO JUNFBOTDPEFXPSE $-POHQSFTT,FZUPTUBSUGSFRVFODZPSDIBOOFMTDBOOJOH °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alue Range 4245&1 591 3@%$4 3@$5$4 5@%$4 5@$5$4 4'5% 0''4&5 4RVFMDI-FWFM 4UFQ'SFRVFODZc,,,,,, 0VUQVU1PXFSc-08.*%)*() 3FDFJWF%$4 0'' %$4 SFWFSTF%$4 4IPSU1SFTT'UPUSJHHFS%$4UPTDBOOJOH 3FDFJWF$5$44 0'' $5$44 4IPSU1SFTT'UPUSJHHFS$5$44TDBOOJOH 5SBOTNJU%$4 0'' %$4 SFWFSTF%$4 5SBOTNJU$5$44 0'' $5$44 'SFRVFODZ%FWJBUJPO4FUUJOH 0''59GSFRVFODZ 39GSFRVFODZ"%%59GSFRVFODZ39 GSFRVFODZGSFRVFODZEFWJBUJPO46#59 GSFRVFODZ39GSFRVFODZGSFRVFODZEFWJBUJPO 'SFRVFODZPG'SFRVFODZ%FWJBUJPOc. 8/ 4$3 $IBOOFM#BOEXJEUIc8*%&/"3308 &ODSZQUFE$PNNVOJDBUJPO 0'' UPUZQFTPG TDSBNCMJOHGSFRVFODZ #$.&.$) 4"7& 709 #VTZ$IBOOFM-PDLc0'' 0/ $IBOOFM4BWF $IPPTFUIFDIBOOFMCZ6Q%PXO,FZ BOE/VNCFS,FZ QSFTT.&/6LFZUP4BWFUIFDIBOOFM #BUUFSZ4BWFc0'' 5IFSBUFCFUXFFOBDUJWFUJNFBOETMFFQUJNF 7094FUUJOH 0''UVSOPGG709 UPHSBEF 06 .FOV*OGP *UFN/BNF /P *UFN/BNF /P "#3 5%3 89 #&&1 505 70*$& 4$3&7 .%' "650-, 4"%% 4"%% 45& 3145& .*$ $"-- 4-*45 'VODUJPO%FTDSJQUJPO 'VODUJPO%FTDSJQUJPO Value Range Value Range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c0'' 0/ 8IFUIFSUPQBSUJDJQBUFJOMJTUTDBOOJOH 0''OPUQBSUJDJQBUJOH 0/QBSUJDJQBUJPO 8IFUIFSUPQBSUJDJQBUFJOMJTUTDBOOJOH 0''OPUQBSUJDJQBUJOH 0/QBSUJDJQBUJPO 5BJM5POF&MJNJOBUJPOc0'' 0/ 3FQFBUFS5BJM5POF&MJNJOBUJPOc0'' 0/ .*$4FOTJUJWJUZ MFWFM 0OF,FZ$BMM$IBOOFM 4FMFDUUIFDIBOOFMUISPVHIUIF 6Q%PXOLFZTBOEUIF/VNCFSLFZT $IBOOFM4DBO-JTU4FMFDUc-*454DBOMJTU-*454DBOMJTU 07 .FOV*OGP *UFN/BNF 4-*45 4-*45 "-.0% "/**% 61$0%& %8$0%& %45 /P %341 %)0-% %13& 155*% %%$% %-*45 10/.4( 30(&3 70- ". /0""@4 %&-@$) 3&4&5 'VODUJPO%FTDSJQUJPO Value Range $IBOOFM4DBO-JTU$POGJHVSBUJPO $IBOOFM4DBO-JTU$POGJHVSBUJPO "MBSN.PEF 4*5&MPDBMBMBSN50/&%JTUBOUMPDBMBMBSN "/**% %5.'DPNNVOJDBUJPOSBEJP*% %5.'61$0%& %5.'%08/$0%& %5.'4JEF5POF4XJUDIc0''0/ %5.'%FDPEJOH3FTQPOTF /6--$MPTF 3JOH-PDBMSJOHJOH 3&1-:SFQMZSFTQPOTF CPUIMPDBMSJOHJOHSFQMZSFTQPOTF %5.'"VUP3FTFU5JNFcTT %5.'QSFMPBEUJNF NT %5.'155*%59.PEFc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³ 1PXFS0O1BTTXPSE1SPUFDUJPO °5VSOUIFo1PXFS7PMVNF4XJUDIpJODMPDLXJTFEJSFDUJPOUPQPXFS POUIJTSBEJP*GUIFQSPHSBNTFU1PXFS0O1BTTXPSE1SPUFDUJPO UIFOUIFTDSFFOXJMMTIPXo-0$,p5IFVTFSIBTUPJOQVUUIF QBTTXPSEGJSTU5IFOUIFSBEJPDPVMECFOPSNBMMZVTFE ³ 4XJUDI.BJO$IBOOFM °1SFTT',FZUPTXJUDINBJODIBOOFM 5IFTPMJEBSSPXQPJOUFEUPUIFNBJODIBOOFM °1SFTT155UPTUBSU59JONBJODIBOOFM ³ %VBM#BOE4JOHMF8BUDI%VBM8BUDI4XJUDI °%VBMXBUDIPQFSBUJPONPEFDPVMECFTFUCZNFOV5IFNFUIPEJT .&/6¹¹$)"/@"%FGBVMU59$IBOOFMJT"DIBOOFM PS$)"/@# %FGBVMU59$IBOOFMJT#DIBOOFM5IFTDSFFOXJMMTIPXo%8p ³ 'SFRVFODZ$IBOOFM.PEF4XJUDI °*ONBJOQBHF QSFTT'LFZUPTXJUDICFUXFFO'SFRVFODZ.PEF BOE$IBOOFM.PEF °'SFRVFODZ.PEF*OUIJTNPEF UIFVTFSTDPVMENBOVBMMZJOQVUUIF 39GSFRVFODZ0SZPVDPVMEQSFTT6Q%PXOLFZUPBEKVTUUIF GSFRVFODZCZTUFQGSFRVFODZ5IFQBSBNFUFSDPVMECFNPEJGZJOHCZ NFOV*OUIJTNPEF UIFVTFSTDPVMEOPUJOQVU59GSFRVFODZ:PVDPVME TFU'SFRVFODZPS%JSFDUJPOPG0GGTFU'SFRVFODZUPDIBOHFUIF59GSFRVFODZ °$IBOOFM.PEF%JTQMBZUIFBDUVBMDIBOOFM/P*OUIJTNPEF UIFVTFST DPVMENBOVBMMZJOQVUUIFDIBOOFM/P0SZPVDPVMEQSFTT6Q%PXO LFZUPTXJUDIDIBOOFM5IFQBSBNFUFSDPVMECFNPEJGJFECZNFOV 09 0-1 $PNNPO0QFSBUJPO*OUSPEVDF ³ $SPTT#BOE3FDFJWJOH5SBOTNJUUJOH 5IFNFUIPEJT.&/6¹¹891SFTT.&/6UPFOUFSTFUUJOH 0''.BJO$IBOOFM598IFO$)"/@"PS#SFDFJWFTBWBMJEDBMM UIF DIBOOFMBVUPNBUJDBMMZCFDPNFTUIFNBJODIBOOFMVOUJMUIFDBMMFOET $)"/@"/PNBUUFSXIJDIDIBOOFMTSFDFJWFWBMJEDBMMT %FGBVMU59 $IBOOFMJT"DIBOOFM EJTQMBZJOHUIF%8DIBSBDUFS $)"/@#/PNBUUFSXIJDIDIBOOFMTSFDFJWFWBMJEDBMMT %FGBVMU59 $IBOOFMJT#DIBOOFM EJTQMBZJOHUIF%8DIBSBDUFS ³ $IBOOFM4BWF °*O.3.PEF $IBOOFM4BWFJTXPSLBCMF:PVDPVMEDPQZDVSSFOU DIBOOFMUPOFXDIBOOFM °*/7'0.PEF "OEZPVTIPVMETFUUIFQBSBNFUFSPG39'SFRVFODZ 'SFRVFODZ%FWJBUJPO%JSFDUJPO 8JEF/BSSPX#BOEXJEUI 3959$5$44 %$4 590VUQVU1PXFS 8IFUIFSUP1BSUJDJQBUFJO4DBOOJOH %5.'DPEF 4DSBNCMFS FUD'JSTU1SFTT.&/6¹¹$) UIFO QSFTT.&/6BHBJOUPFOUFSUIF$IBOOFM4BWF$IPPTFIFDIBOOFM CZ6Q%PXO,FZ0SZPVDPVMEVTF/VNCFS,FZUPJOQVUUIFDIBOOFM /P"GUFSUIBU ZPVQSFTT.&/6LFZBHBJO UIF-$%XJMMTIPXo463& p "OEZPVDPVMEQSFTT.&/6LFZUP4BWFUIFDIBOOFM °8IFOZPVTFMFDUUIF4BWFEDIBOOFM JGJUTIPX$)999 UIFOUIF DIBOOFMJTTBWFE*GJUTIPX999 UIFOUIFDIBOOFMJTFNQUZ ³ $IBOOFM%FMFUF °1SFTT.&/6¹¹$)999 UIFOQSFTT.&/6BHBJOUPFOUFSUIF $IBOOFM%FMFUF$IPPTFUIFDIBOOFMUIBUZPVXBOUUPEFMFUFCZ6Q %PXO,FZ0SZPVDPVMEVTFUIF,FZQBEUPJOQVUUIFDIBOOFM/P "GUFSUIBU ZPVQSFTT.&/6LFZBHBJO UIF-$%XJMMTIPXo463& p "OEZPVDPVMEQSFTT.&/6LFZUPEFMFUFUIFDIBOOFM 10 $PNNPO0QFSBUJPO*OUSPEVDF ³ 3FDFJWJOH5SBOTNJUUJOH$5$44%$44FUUJOH 1SPDFTT'MPX .&/6¹¹3%$41SFTT.&/6UPFOUFSBOEDIPPTFUIF39%$4 $PEFUIBUZPVXBOUUPTFUGSPN%$4-JTUCZ6Q%PXO,FZ .&/6¹¹3$5$41SFTT.&/6UPFOUFSBOEDIPPTFUIF39$5$44 $PEFUIBUZPVXBOUUPTFUGSPN$5$44-JTUCZ6Q%PXO,FZ .&/6¹¹5%$41SFTT.&/6UPFOUFSBOEDIPPTFUIF59%$4 $PEFUIBUZPVXBOUUPTFUGSPN%$4-JTUCZ6Q%PXO,FZ .&/6¹¹5$5$41SFTT.&/6UPFOUFSBOEDIPPTFUIF59$5$44 $PEFUIBUZPVXBOUUPTFUGSPN$5$44-JTUCZ6Q%PXO,FZ °$5$44%$4JTVTFEUPSFNPWFUIFVOXBOUFEOPJTFTJHOBMTXIFO SFDFJWJOH ³ 'BTU$PQZ0OFDIBOOFM "$5"4'3&26&/$: .&5&3 '035808":3"%*040.&05)&3%&7*$&4 °'BTU$PQZSFRVJSFTUSPOHTJHOBM#PUIUIF5SBOTNJUUFSBOE3FDFJWFS TIPVMEJOTUBMMBOUFOOB"OEUIFJSEJTUBODFTIPVMEOPUCFUPPGBSBXBZ °1SFTT' UIF3FDFJWFSXJMMFOUFSJOUP'SFRVFODZNFUFSJOUFSGBDF 8IFOJUSFDFJWFTUSPOHTJHOBM UIF-$%TDSFFOXJMMEJTQMBZTJHOBM DBSSJFSGSFRVFODZBOEUSBOTNJUUJOHDIBOOFM $5$44PS%$4 1SFTTLFZUPSFNFBTVSFUIFGSFRVFODZ °"GUFSUIFFGGFDUJWFGSFRVFODZJTNFBTVSFE QSFTTUIF.&/6LFZUP 4BWFUIFDVSSFOUMZNFBTVSFEGSFRVFODZBOEUIFUSBOTNJUUJOH $5$44%$4UPTQFDJGJFEDIBOOFM °%VSJOHGSFRVFODZNFBTVSJOH QSFTT&9*5PS155UPFYJU'SFRVFODZNFUFS 11 $PNNPO0QFSBUJPO*OUSPEVDF ³c"VUP$5$44%$44FBSDI °'JSTUTFUDPSSFDUSFDFJWJOHGSFRVFODZ UIFOQSFTT'UPTUBSU DIBOOFMTFBSDIJOH8IFOUIFSBEJPSFDFJWFWBMJE$5$44%$4TJHOBM JUXJMMEJTQMBZUIFTFBSDIFE59$5$44%$4TJHOBM1SFTT.&/6UP TBWFETFBSDIFE$5$44%$4TJHOBMUPDVSSFOUDIBOOFM °*GUIFTDSFFOEJTQMBZ4$"/$.1 JUNFBOTUIBUUIFSBEJPIBWF TFBSDIFEWBMJE$5$44%$4TJHOBMBOETUPQBVUPTFBSDIJOH °*GUIFTDSFFOEJTQMBZ4$"/'"*- JUNFBOTUIBUUIFSBEJPEJEOPU TFBSDIFEWBMJE$5$44%$4TJHOBMBOETUPQBVUPTFBSDIJOH ³c%5.' ²c%5.'$BMMJOH *OJUJBUJWF °.BOVBMEJBMJOH1SFTT155BOEUIF/VNCFSLFZPGUIFLFZQBEUPNBLFDBMMJOH °"VUPNBUJDDBMMJOH1SFTT FOUFSEJHJUT TIPSUQSFTT155UPTUBSU UIF%5.'DBMM*UBVUPNBUJDBMMZTFOETJUTPXO*%OVNCFSXIFOUSBOTNJUUJOH °4JOHMFDBMMTFOEUIF*%PGUIFPUIFSQBSUZQMVTPVSPXO*%DPEF GPSFYBNQMF *%DBMM*% °(SPVQDBMM6TFBHSPVQDBMMJOHDPEFJOTUFBEPGPOFPSNPSFDPEF XPSETJOUIF*%OVNCFS ZPVDBODBMMBDPNNVOJDBUJPOHSPVQ5IF HSPVQDBMMJOHDPEFJTTFUCZUIFQSPHSBNTPGUXBSF'PSFYBNQMF UIFHSPVQDBMMDPEFJTTFUBT TFOEZPVDBODBMMSBEJPT XJUI*%OVNCFS_ BOETFOE ZPVDBODBMMSBEJPT XJUI*%OVNCFS_ °"MMDBMMTFOEHSPVQDBMM5% DBOBMMBMMUIFVTFST 12 $PNNPO0QFSBUJPO*OUSPEVDF %5.'3FDFJWJOH 1SPDFTT'MPX1SFTT.&/6¹¹%$%0/ XIFOUIFDPEFXPSE SFDFJWFTJT%5.'QFSTPOBM*%DPEF UIFEFDPEJOHJTTVDDFTTGVM BOEZPVDPNNVOJDBUFXJUIUIFPUIFSQBSUZXJUIJOUIFSFTFUUJOHUJNF 8IFOUIFSFTFUUJNFBSSJWFT ZPVOFFEUPSFEFDPEJOH °.&/6¹¹%)0-%44FUTUIFBVUPNBUJDSFTFUUJNF5IFJOJUJBM WBMVFJTTFDPOET °.&/6¹¹%3414FUTUIFBVUPNBUJDSFTQPOTFBGUFSSFDFJWJOHB %5.'DBMM/6--PGG 3*/(MPDBMSJOH3&1-:"VUPNBUJDDBMMCBDL #05)MPDBMSJOHBVUPNBUJDDBMMCBDL ²c155*% *OJUJBUJWF:PVDBODPOGJHVSFUIF%5.'POMJOFDPEFBOEPGGMJOFDPEF UISPVHIUIFQSPHSBNTPGUXBSF8IFOPOMJOFDPEFBOEPGGMJOFDPEFJT FOBCMFE UIJTSBEJPXJMMTFOEUIFPOMJOFDPEFXIFOQSFTTJOH155 BOE TFOEUIFPGGMJOFDPEFXIFOUIF155SFMFBTFT ³ 4DBOOJOH 4UBSU4DBOOJOH °.FUIPE-POHQSFTT,FZUP4UBSU4DBOOJOHPS&YJU4DBOOJOH °.FUIPE4FU4JEF,FZBT4DBOOJOH4UBSU$MPTF4XJUDI °'SFRVFODZ4DBOOJOH%VSJOHUIFTDBOOJOHQSPDFTT ZPVDBODIBOHF UIFTDBOEJSFDUJPOCZUIF6Q%PXOLFZ1SFTT155,FZPS&YJULFZUPFYJU 4DBOOJOHPSMPOHQSFTT,FZUPFYJUUIF4DBOOJOH °$IBOOFM4DBOOJOH8IFOTDBOOJOHTUBSUT JUXJMMEFUFDUUIFDIBOOFMTJO UIFTDBOMJTUJOUVSO"OEEVSJOHUIFTDBOOJOHQSPDFTT ZPVDPVMEBOTXFS UIFJODPNJOHDBMMCZ155,FZ 13 $PNNPO0QFSBUJPO*OUSPEVDF °1SPDFTT1SFTT.&/6¹¹4-JTU-*45PS-*45 TDBOOJOHUIFTQFDJGZDIBOOFMMJTU °1SPDFTT1SFTT.&/6¹¹4-*45UP7JFXUIFDIBOOFMMJTUFEJOUIF-*45 °1SPDFTT1SFTT.&/6¹¹4-*45UP7JFXUIFDIBOOFMMJTUFEJOUIF-*45 °1SPDFTT1SFTT.FOV¹¹4"%%UPBEEUIFDVSSFOUDIBOOFMJOUPUIFTDBO-*45 °1SPDFTT1SFTT.&/6¹¹4"%%UPBEEUIFDVSSFOUDIBOOFMUPUIFTDBO-*45 °1SPDFTT1SFTT.FOV¹¹4$3&7UP4FMFDU4DBOOJOH.PEF °1SJPSJUZ4DBOOJOH:PVDBOTQFDJGZUIFQSJPSJUZTDBOOJOHDIBOOFM %VSJOHUIFTDBOOJOHQSPDFTT PGUIFTDBOOJOHJTMPDBUFEBU QSJPSJUZNFNCFST*GUIFSFJTBQSJPSJUZNFNCFST UIFTDBOOJOH SBUFPGQSJPSJUZNFNCFSXJMMCFSFEVDFEGSPNUP&WFO UIFTDBOOJOHJTMPDBUFEBUOPOQSJPSJUZDIBOOFMPSQSJPSJUZNFNCFST UIFSBEJPXJMMDPOUJOVFUPTDBOOJOHUIFBDUJWJUZPGUIFQSJPSJUZNFNCFS *GUIFSBEJPGJOETBDUJWJUZPGUIFQSJPSJUZNFNCFST JUXJMMTUPQUIF DVSSFOUUSBOTNJUUJOHBOEDBMMUIFQSJPSJUZNFNCFST ³ &NFSHFODZ"MBSN °&NFSHFODZ"MBSNJTVTFEUPSFQSFTFOUFNFSHFODZTJUVBUJPOT:PV DBOJOJUJBUFFNFSHFODZDBMMTBUBOZUJNFPSPOBOZTDSFFO PSFWFO UIFSFJTBDUJWJUZPOUIFDVSSFOUDIBOOFM5IFVTFSTIBWFUPDPOGJHVSBUF UIFFNFSHFODZBMBSNCVUUPOUPUIJTSBEJPCZQSPHSBNNJOHTPGUXBSF °1SFTTUIFFNFSHFODZBMBSNLFZUPTUBSUUIFMPDBMBVEJCMFBMBSNBOE TFOEJOHSFNPUFBMBSN5IFBMBSNUZQFDBOCFTFUBTMPDBMBMBSNSFNPUFBMBSN °&YJUUIFBMBSNNPEFCZBOZLFZ °1SPDFTT1SFTT.&/6¹¹"-.0%50/& UIJTSBEJPXJMMNBLF BMBSNTPVOEBOETFOESFNPUFBMBSNTJHOBM °1SPDFTT1SFTT.&/6¹¹"M.0%4*5& UIJTSBEJPXJMMNBLF BMBSNTPVOE 14 $PNNPO0QFSBUJPO*OUSPEVDF ³ '.3BEJP °1SFTT'UPFOUFSTUIF'.SBEJPNPEF QSFTTUIF6Q%PXOLFZT DIBOHFUIFGSFRVFODZPSUIFQSFTUPSFE'.DIBOOFMT"OEZPVDBO VTFUIFLFZCPBSEUPFOUFSUIF'.GSFRVFODZPSQSFTUPSFE'.DIBOOFMT °1SFTT'UPTXJUDICFUXFFO7'0BOE.3NPEF °1SFTT'UPTUBSUTUIFBVUPNBUJD'.SBEJPDIBOOFMTFBSDIJOHQSPDFTT 5IJTQSPDFTTXJMMBVUPNBUJDBMMZTUPSFUIFTFBSDIFE'.DIBOOFMT VQUP'.DIBOOFMTDPVMECFTUPSFE °1SFTT'UPTUBSUTUIFNBOVBM'.DIBOOFMTFBSDIJOHQSPDFTT *OUIJTQSPDFTT VTFSTOFFEUPNBOVBMMZTUPSFUIFTFBSDIFE'.DIBOOFMT °.FOVLFZJTVTFEUPTUPSF'.DIBOOFM °&YJULFZJTVTFEUPFYJUUIF'.DIBOOFMTFBSDIJOHQSPDFTT °6Q%PXOLFZTJTVTFEUPTXJUDIUIFTDBOOJOHEJSFDUJPO °*OUIF'..PEF JGUIFSBEJPSFDFJWFFGGFDUJWFDBMMTPSZPVQSFTT155UP JOJUJBUFDBMMT JUXJMMUFNQPSBSJMZFYJUUIF'..PEFUPFOUFSJOUPDPNNVOJDBUJPO TUBUVT"GUFSUIFJOUFSDPNJTGJOJTIFE UIFSBEJPXJMMSFUVSOUP'.SBEJPTUBUVT °1SFTTUIF&9*5,FZPS'0,FZUPFYJUUIF'..PEF ³ &NFSHFODZ8FBUIFS$IBOOFM3FDFJWJOH °1SFTT'UPFOUFSPSFYJU/0""8FBUIFS"MFSU °5IJTSBEJPDPVMESFDFJWF/0""DIBOOFMT °5IJTNPEFDPVMECFTFUUISPVHI.FOV/0""@4 ³ ,FZQBE-PDLJOH °-POHQSFTTUIFLFZUPMPDLPSVOMPDLBMMUIFLFZTPGUIFLFZCPBSE 5IFTJEFLFZTDPVMECFOPSNBMMZVTFEXIJMFLFZQBEMPDLJOH ³ 3FTFU °1SPDFTT1SFTT.&/6¹¹3&4&5 °7'03FTFSWFBMMTUPSBHFDIBOOFMT 15 $PNNPO0QFSBUJPO*OUSPEVDF °"--3FTFUBMMQBSBNFUFS XIJDIJODMVEJOHTUPSBHFDIBOOFMT °-$%XJMMEJTQMBZ4VSF 1SFTTUIF.&/6LFZBOEXBJUGPSUIFSBEJP UPSFTUBSU BOEBMMNFOVPGSBEJPXJMMSFUVSOUPUIFJOJUJBMWBMVFXIFO JUMFBWFUIFGBDUPSZ ³ 0OF,FZ$BMM$IBOOFM °'JNNFEJBUFMZKVNQTUPPOFLFZDBMMDIBOOFM BOEZPVDBOTFUUIF JNQPSUBOUDIBOOFMUPPOFDBMMDIBOOFMCZ.&/6¹¹DBMM ³ "WJBUJPO#BOE3FDFJWJOH °&OUFSUIFSFDFJWJOHGSFRVFODZ*GUIFMPDBMBWJBUJPOGSFRVFODZJTOPU DMFBS UIFTDBOOJOHGVODUJPODBOTDBOUIFGVMMGSFRVFODZCBOE °.FOV¹¹".0/TFUUIFDIBOOFMNPEVMBUJPONFUIPEUP". MJTUFOUPBWJBUJPOJOUFSDPN °.FOV¹¹".0''TFUUIFDIBOOFMNPEVMBUJPONFUIPEUP'. °.FOVTFUUJOHTBSFPOMZWBMJEGPSGSFRVFODZCBOE ³ 8JSFMFTT3BEJP3FQMJDBUJPO °)PMEUIF155TJEFLFZUPFOUFSUIF8JSFMFTT3BEJP3FQMJDBUJPO JOUFSGBDF5IF-$%XJMMEJTQMBZ"JS$PQZ 3%: #PUIUIFUSBOTNJUUJOH SBEJPBOESFDFJWJOHSBEJPDBOVTFUIFEJHJUBMLFZCPBSEUPTFUUIF GSFRVFODZPGXJSFMFTTSFQMJDBUJPO5IFGSFRVFODZPGUSBOTNJUUJOHSBEJP BOESFDFJWJOHSBEJPNVTUCFDPOTJTUFOU5IFEFGBVMUSFDFJWJOH USBOTNJUUJOHGSFRVFODZJT.)[ °1SFTT&9*5LFZPGUIFSFDFJWJOHSBEJPUPFOUFSUIFSFDFJWJOHNPEF BOEJUT-$%XJMMEJTQMBZ"JS$PQZ1SFTTFT.&/6LFZPGUIFUSBOTNJUUJOH SBEJPUPTUBSUUIFGSFRVFODZEBUBUSBOTNJUUJOH"OEJUT-$%XJMMEJTQMBZ"JS$PQZ °%VSJOHUIFDPQZQSPDFTT UIF-$%XJMMEJTQMBZDPQZQSPHSFTT 3$799&99&99JOEJDBUFTUIFOVNCFSPGFSSPSPGUIFDPQZEBUB 8IFODPQZJTGJOJTIFE UIFUSBOTNJUUFSXJMMEJTQMBZ4/% 16 4QFDJGJDBUJPOT (FOFSBM4QFDJGJDBUJPOT $IBOOFM 4UPSFE'.3BEJP$IBOOFM2VBOUJUZ /0""$IBOOFM 'SFRVFODZ4UBCJMJUZ QQN .PEVMBUJPO.PEF '.,'& ,)[ ,'& ,)[ %JNFOTJPO NN9NN9NN 8FJHIU H 0QFSBUJOH5FNQFSBUVSF ¥¥ "OUFOOB*NQFEBODF 3&$&*7*/( 4FOTJUJWJUZ '. E#4*/"% 8'. E#4*/"% ". E#4/ "VEJP'SFRVFODZ 8 "VEJP%JTUPSUJPO ' ' ' ' ' ' ' 8'. ' E#N E#N E#N E#N E#N E#N E#N E#N E#N 17 4QFDJGJDBUJPOT 53"/4.*55*/( °'$$WFSTJPOUSBOTNJUUJOHCBOE 'SFRVFODZ6)'.)[ °$&WFSTJPOUSBOTNJUUJOHCBOE 'SFRVFODZ6)'.)[ °/03."-WFSTJPOUSBOTNJUUJOHCBOE 'SFRVFODZ6)'.)[ 6)'.)[ 0VUQVU1PXFS8 &NJTTJPO$VSSFOU" .BY'SFRVFODZ%FWJBUJPO,)[ ,)[ ,)[ ,)[ .PEVMBUJPO%JTUPSUJPO 4USBZ1PXFSV8 "EKBDFOU$IBOOFM1PXFSE# ,)[ E# ,)[ 3FTJEVBM.PEVMBUJPOE# 7)'.)[ 7)'.)[ 7)'.)[ 8 " ,)[ ,)[ ,)[ ,)[ V8 E# ,)[ E# ,)[ E# "MMTUBUFETQFDJGJDBUJPOTBSFTVCKFDUUP DIBOHFXJUIPVUOPUJDFPSPCMJHBUJPO 18