email : Webview : June Issue of TBC

40
pdfcrowd.com open in browser PRO version Are you a developer? Try out the HTML to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

Transcript of email : Webview : June Issue of TBC

pdfcrowd.comopen in browser PRO version Are you a developer? Try out the HTML to PDF API

6KDUH�WKLV�� � �

-XQH������_�9ROXPH����_�1XPEHU��

7D\ORU�%UDQFK�������%,2$ZDUG�:LQQHU�

%\�-DPHV�0F*UDWK�0RUULV

+DG�LW�QRW�EHHQ�IRU�WKH�FLYLO�ULJKWV�PRYHPHQW�7D\ORU�%UDQFK�ZRXOG�KDYH�EHFRPH�D�VXUJHRQDQG�WKH�PRYHPHQW�ZRXOG�KDYH�EHHQ�GHSULYHGRI�RQH�RI�LWV�PRVW�LPSRUWDQW�FKURQLFOHUV������)RU�KLV�ZRUN�LQ�SURGXFLQJ�D�WKUHH�YROXPHELRJUDSKLFDOO\�EDVHG�QDUUDWLYH�KLVWRU\�RI�WKHFLYLO�ULJKWV�PRYHPHQW��%UDQFK�ZLOO�UHFHLYH�WKH%,2�$ZDUG�RQ�-XQH���DW�WKH�%LRJUDSKHUV,QWHUQDWLRQDO�&RQIHUHQFH��+H�ZLOO�EH�WKH�VL[WK

:H�+RSH�WR6HH�<RX�LQ

'&�7KH�VL[WK�DQQXDO�%,2&RQIHUHQFH�LV�MXVW�GD\V�DZD\�DQG�WKHUHV�VWLOO�WLPH�WR�UHJLVWHU�7KH�UHJLVWUDWLRQ�ZHEVLWH�ZLOO�EH

pdfcrowd.comopen in browser PRO version Are you a developer? Try out the HTML to PDF API

%UDQFKV�PRVW�UHFHQW�ERRN��7KH.LQJ�<HDUV��+LVWRULF�0RPHQWV�LQWKH�&LYLO�5LJKWV�0RYHPHQW��ZDVSXEOLVKHG�LQ������

ZULWHU�WR�EH�VR�KRQRUHG�VLQFH�WKH�ILUVWJDWKHULQJ��RULJLQDOO\�FDOOHG�WKH�&RPSOHDW%LRJUDSKHU�&RQIHUHQFH��3UHYLRXV�ZLQQHUV�DUH-HDQ�6WURXVH��$UQROG�5DPSHUVDG��5REHUW&DUR��5RQ�&KHUQRZ��DQG�6WDF\�6FKLII������*URZLQJ�XS�ZKLWH�LQ�VHJUHJDWHG�$WODQWD�*HRUJLD��%UDQFK�DVSLUHG�WR�EHFRPH�D�VXUJHRQ�%XW�KLV�IDWKHU¶V�FORVH�UHODWLRQVKLS�ZLWK�DQ$IULFDQ�$PHULFDQ�DQG�WKH�LQHVFDSDEOH

SUHVHQFH�RI�WKH�FLYLO�ULJKWV�PRYHPHQW�LQ�WKH�KRPHWRZQ�RI�0DUWLQ�/XWKHU�.LQJ��-U��UHVRQDWLQJ�LQ�%UDQFK¶V�ZRUGV�LQ�³VSLULWXDO�YDOXHV�´�UHSODFHG�WKDW�OLIH�SODQ�ZLWKDQRWKHU��³,�ZURWH�WKH�FLYLO�ULJKWV�WULRORJ\�EHFDXVH�,�ZDQWHG�WR�NQRZ�P\VHOI�ZKHUHWKH�PRYHPHQW�FDPH�IURP�WKDW�FKDQJHG�WKH�GLUHFWLRQ�RI�P\�OLIH¶V�LQWHUHVW�DJDLQVWP\�ZLOO�´�����7R�GR�KLV�WULORJ\�RI�ERRNV��FROOHFWLYHO\�FDOOHG�$PHULFD�LQ�WKH�.LQJ�<HDUV�%UDQFK�WROG�UHDGHUV�LQ�WKH�ILUVW�YROXPH�WKDW�KH�KDG�FKRVHQ�WR�VWUXFWXUH�KLV�ZRUN�DV³QDUUDWLYH�ELRJUDSKLFDO�KLVWRU\�´�����:KLOH�KH�ZDV�ZRUNLQJ�RQ�LW��%UDQFK�FDPH�WR�WKH�FRQFOXVLRQ�WKDW�PRVW�SHRSOHDSSURDFK�UDFH�DEVWUDFWO\��³(YHU\WKLQJ�,�OHDUQHG�ZDV�YHU\�SHUVRQDO�´�KH�VDLG��³,UHVROYHG�WR�ZULWH�LQ�D�QDUUDWLYH�VW\OH�LI�,�FRXOG��ZLWKRXW�XVLQJ�DQDO\WLFDO�ODEHOVEHFDXVH�ZKHUH�SHRSOH�DUH�VR�VNLWWLVK��GHIHQVLYH��DQG�DVVHUWLYH�RQ�WKH�UDFH�WRSLF�DQDO\WLFDO�WRROV�DQG�ODEHOV�FRQFHDO�PRUH�WKDQ�WKH\�UHYHDO�´������,Q�VKRUW��%UDQFK�VDLG��³,�FKRVH�WR�EDVH�LW�LQ�WKH�SHRSOH�EHFDXVH�µWKH�SHRSOH¶�LVZKDW�EURNH�GRZQ�P\�RZQ�HPRWLRQDO�UHVLVWDQFH�DV�D�ZKLWH�VRXWKHUQHU�´�����$VLGH�IURP�HDUQLQJ�%UDQFK�D�3XOLW]HU�3UL]H�DQG�WKH�1DWLRQDO�%RRN�&ULWLFV�&LUFOH$ZDUG��WKH�������SDJH�WULORJ\�KDV�EHFRPH�RQH�RI�WKH�VWDQGDUG�ZRUNV�RQ�WKH�FLYLOULJKWV�PRYHPHQW��8QOLNH�ELRJUDSKLHV�RI�WKH�PRYHPHQW¶V�ILJXUHV�DQG�KLVWRULHV�RI

DYDLODEOH�XQWLO�)ULGD\��-XQH���RU�LI�\RXUH�LQ�WKH�:DVKLQJWRQ�'&��DUHD�\RX�FDQ�UHJLVWHU�LQSHUVRQ�RQ�6DWXUGD\�DW�WKH1DWLRQDO�3UHVV�&OXE�������<RX�FDQ�ILQG�PRUHLQIRUPDWLRQ�DERXW�FRQIHUHQFHHYHQWV�KHUH��DQG�\RX�FDQUHJLVWHU�IRU�WKH�FRQIHUHQFHKHUH��,I�\RX�QHHG�WKH�GLVFRXQWFRGH�WR�UHJLVWHU�DV�D�PHPEHURU�DQRWKHU�UHJLVWUDQW�W\SH�HPDLO�/RUL�,]\NRZVNL�

pdfcrowd.comopen in browser PRO version Are you a developer? Try out the HTML to PDF API

WKH�PRYHPHQW��KRZHYHU��%UDQFK¶V�$PHULFD�LQ�WKH�.LQJ�<HDUV�HPSOR\V�WKH�WRROV�RIELRJUDSK\�WR�WHOO�WKH�ODUJHU�VWRU\������7KLV�DFKLHYHPHQW�ZDV�WKH�PRWLYDWLRQ�EHKLQG�%UDQFK¶V�VHOHFWLRQ�E\�WKH�%,2$ZDUG�&RPPLWWHH��:KHQ�FRQVLGHULQJ�ZKR�ZRXOG�EH�KRQRUHG�DW�WKLV�\HDU¶VJDWKHULQJ�DW�WKH�1DWLRQDO�3UHVV�&OXE�LQ�:DVKLQJWRQ��WKH�FRPPLWWHH�ZDV�JXLGHG��DVLQ�SDVW�\HDUV��E\�WKH�JRDO�RI�VHOHFWLQJ�D�ZULWHU�ZKR�KDG�DGYDQFHG�WKH�DUW�DQG�FUDIWRI�ELRJUDSK\������:KHQ�%UDQFK�OHDUQHG�KH�KDG�EHHQ�VHOHFWHG�IRU�WKH������%,2�$ZDUG��KH�VDLG�KHIHOW�D�ELW�XQFRPIRUWDEOH�EHFDXVH�KH�GLGQ¶W�GHILQH�KLV�ZRUN�DV�ELRJUDSKLFDO��³,�GLGQ¶WZDQW�DQ\RQH�WR�WKLQN�,�ZDV�IUDXGXOHQWO\�WUHVSDVVLQJ�RQ�WKHLU�WXUI�´�KH�VDLG��³,�WKLQNZH�DUH�FHUWDLQO\�NLQVPHQ�WU\LQJ�WR�SXW�SHRSOH�DW�WKH�FHQWHU�RI�KLVWRULFDOLQWHUSUHWDWLRQ��ZKHWKHU�\RX�GR�WKDW�WKURXJK�RQH�SHUVRQ�RU�D�FROOHFWLRQ�RIFKDUDFWHUV������³7KH�WRROV�RI�D�ELRJUDSKHU�DUH�YHU\��YHU\�LPSRUWDQW��7KDW¶V�ZK\�,�DP�KDSS\DQG�KRQRUHG�WR�EULQJ�P\VHOI�DV�D�VHPL�ELRJUDSKHU�GRZQ�WKHUH�´�VDLG�WKH�%DOWLPRUH�EDVHG�DXWKRU�

6WDUWLQJ�D�%LRJUDSK\��:KHUH�WR�%HJLQ"�E\�$QQH�%R\G�5LRX[

:KHUH�VKRXOG�D�ELRJUDSK\�EHJLQ"�(YHU�VLQFHWKH�SDQHO�RQ�WKLV�VXEMHFW�DW�ODVW�\HDU¶V�%,2FRQIHUHQFH��,�KDYH�ZRQGHUHG�KRZ�,�VKRXOG

)URP�WKH�(GLWRU

$�ZKLOH�EDFN��,�UHPRYHG�WKHSLFWXUH�RI�P\VHOI�WKDW�RQFH�VDWDWRS�WKLV�FROXPQ��7KH�VSDFH�FRXOGEH�EHWWHU�XVHG�IRU�PRUH�LPSRUWDQWFRQWHQW��,�UHFNRQHG��EXW�PRVWO\�,MXVW�JRW�WLUHG�RI�VHHLQJ�P\�RZQPXJ�HYHU\�PRQWK��6R��WKH�UHWXUQRI�WKH�SLFWXUH��2.��DFWXDOO\�DPRUH�UHFHQW�SLFWXUH��ZLWK�D�PXFKZKLWHU�EHDUG�WKDQ�EHIRUH��LV�DRQH�VKRW�GHDO��,�ZDQWHG�PHPEHUVJRLQJ�WR�WKH�%,2�FRQIHUHQFH�LQ�DIHZ�GD\V�WR�NQRZ�ZKRP�WR�WUDFNGRZQ�LI�WKH\�ZDQW�WR�ORGJH�DFRPSODLQW��2I�FRXUVH��,·OO�WDNHFRPSOLPHQWV�DQG�VXJJHVWLRQV��DVZHOO������$QG�DV�,�ZURWH�WKDW�ODVWSDUDJUDSK��,�FRXOGQ·W�EHOLHYH�WKDWWKH�FRQIHUHQFH�LV�ILQDOO\�KHUH��$OOWKH�PRQWKV�RI�SODQQLQJ�ZLOO�UHVXOWLQ�WZR�LQIRUPDWLYH�DQG�IXQ�GD\V�IRUHYHU\RQH�ZKR�DWWHQGV��,I�WKLVFRQIHUHQFH�LV�\RXU�ILUVW��,JXDUDQWHH�WKDW�WKH�VDWLVIDFWLRQ�RIVZDSSLQJ�VWRULHV�DQG�VKDULQJ�WLSVZLWK�RWKHU�ELRJUDSKHUV�LVVRPHWKLQJ�WKDW�\RX�FDQ·W

pdfcrowd.comopen in browser PRO version Are you a developer? Try out the HTML to PDF API

5LRX[V�ERRN�ZLOO�EH�WKH�ILUVWELRJUDSK\�RI�:RROVRQ�

EHJLQ�P\�RZQ�ELRJUDSK\�RI�WKH�ODWH�QLQHWHHQWK�FHQWXU\�ZULWHU�&RQVWDQFH�)HQLPRUH:RROVRQ��1RZ�WKDW�P\�PDQXVFULSW�LV�LQ�WKHFRS\HGLWLQJ�SKDVH��,�KRSH�,¶YH�JRWWHQ�LW�ULJKW������$�FHUWDLQ�GHJUHH�RI�IDPLO\�KLVWRU\�LVH[SHFWHG�DQG�QHFHVVDU\��DQG�VR�LW¶V�ZKHUH�,VWDUWHG�ZULWLQJ��7KHQ��ZKHQ�,�KDG�JRWWHQ�WRWKH�HQG�RI�P\�VXEMHFW¶V�OLIH�DQG�KHQFH�WKHPDQXVFULSW��,�PLVWDNHQO\�WKRXJKW�,�ZDV�UHDG\WR�VWDUW�WU\LQJ�WR�VHQG�LW�RXW��,�ZURWH�D�GHFHQWTXHU\�DQG�EHJDQ�DSSURDFKLQJ�DJHQWV��EXW�,TXLFNO\�OHDUQHG�WKDW�WKH\�ZDQW�WR�VHH�WKH�ILUVWIHZ�SDJHV�RI�WKH�PDQXVFULSW��$OO�,�KDG�ZDVERULQJ�DQWHFHGHQW�VWXII��7KDW�ZDV�QR�ZD\�WR�KRRN�D�UHDGHU��OHW�DORQH�DQRYHUZRUNHG�DJHQW��/XFNLO\��RQH�RI�WKH�DJHQWV�DVNHG�PH�WR�ZRUN�RQ�D�SURORJXH�DQGJHW�EDFN�WR�KHU��6R�,�GLG��,W�WRRN�D�IHZ�ZHHNV�WR�QDLO�LW�GRZQ��6RPH�RI�WKH�HDUO\DWWHPSWV�ZHUHQ¶W�SUHWW\²WKH\�YHHUHG�EHWZHHQ�RYHUO\�GUDPDWLF�DQG�XQH[FHSWLRQDO²EXW�,�SXOOHG�VRPHWKLQJ�WRJHWKHU�DQG�ODQGHG�WKH�DJHQW�DQG��HYHQWXDOO\��WKH�ERRNFRQWUDFW�������,�KDG�GHFLGHG�WR�IROORZ�WKH�DGYLFH�RI�-RKQ�0DWWHVRQ��RIIHUHG�ZKHQ�KH�YLYLGO\GHVFULEHG�DW�ODVW�\HDU¶V�FRQIHUHQFH�KRZ�KH�FKRVH�WR�EHJLQ�KLV�ELRJUDSK\�RI0DUJDUHW�)XOOHU�ZLWK�KHU�VHQVDWLRQDO�GHDWK��D�VKLSZUHFN�RII�WKH�FRDVW�RI�1HZ<RUN���,Q�KLV�SURORJXH��KH��DUJXHV�DJDLQVW�³WKH�ZD\�WKDW�WKH�GHDWK�FRPHV�WR�EHSHUFHLYHG�DV�WKH�OLIH¶V�PRVW�UHOHYDQW�IDFW��HYHQ�DV�LWV�LQHYLWDEOH�RXWFRPH�´6RPHWLPHV�WKH�EHVW�DQG�PRVW�ORJLFDO�SODFH�WR�EHJLQ�LV�DW�WKH�HQG������:RROVRQ¶V�GHDWK��D�OLNHO\�VXLFLGH�LQ�9HQLFH��DOVR�KDV�RYHUVKDGRZHG�KHU�OLIH��VRLW�VHHPHG�OLNH�WKH�XQDYRLGDEOH�VWDUWLQJ�SRLQW��,W�LV��DIWHU�DOO��RQH�RI�WKH�WZR�WKLQJV

VRPHWKLQJ�WKDW�\RX�FDQ·WGXSOLFDWH�DQ\ZKHUH�HOVH��$QG�,�VWLOOUHPHPEHU�RQH�SDQHOLVW�IURP�ODVW\HDU�ZKR��DIWHU�XVXDOO\�DWWHQGLQJPRUH�VWXII\�DFDGHPLFFRQIHUHQFHV��SUDLVHG�WKH�%,2FRQIHUHQFH�IRU�ERWK�LWV�GHSWK�RILQIRUPDWLRQ�DQG�LWV�LQIRUPDO�DLU�7KLV�\HDU·V�HYHQW�ZLOO�EH�WKH�VDPH�,·P�VXUH������$V�LQ�WKH�SDVW��RQH�RI6DWXUGD\·V�KLJKOLJKWV�ZLOO�EH�WKHNH\QRWH�VSHHFK��JLYHQ�E\�WKH�%,2$ZDUG�ZLQQHU��:H·UH�WKULOOHG�WRKDYH�DQ�LQWHUYLHZ�LQ�WKLV�LVVXH�RI7%&�ZLWK�WKH������KRQRUHH��7D\ORU%UDQFK��0DQ\�WKDQNV�WR�P\FRQVXOWLQJ�HGLWRU��-DPHV�0F*UDWK0RUULV��IRU�WDNLQJ�WLPH�IURP�KLVEXV\�VFKHGXOH�WR�FRQGXFW�LW��$QGWKH�GD\�ZLOO�HQG�ZLWK�D�OLWWOH�ELW�RIVXVSHQVH��DV�DWWHQGHHV�JDWKHU�WRKHDU�ZKR�KDV�ZRQ�WKLV�\HDU·V3OXWDUFK�$ZDUG��6R��,�KRSH�,·OO�VHH\RX�LQ�'&�RQ�-XQH���DQG����-XVWORRN�IRU�WKH�WDOO�JX\�ZLWK�WKHZKLWH�EHDUG�

<RXUV�

0LFKDHO�%XUJDQ

pdfcrowd.comopen in browser PRO version Are you a developer? Try out the HTML to PDF API

SHRSOH�NQRZ�DERXW�KHU��LI�WKH\�KDYH�KHDUG�RI�KHU�DW�DOO���7KH�RWKHU�LV�KHU�IULHQGVKLSZLWK�WKH�QRYHOLVW�+HQU\�-DPHV���6R�,�WULHG�WR�GHVFULEH�WKH�VFHQH�GXULQJ�WKH�HDUO\PRUQLQJ�KRXUV�RQ�-DQXDU\�����������DV�WZR�9HQHWLDQ�PHQ�FDPH�XSRQ�KHU�ERG\�LQWKH�QDUURZ�VWUHHW�EHKLQG�KHU�KRPH��,W�ZDV�D�GUDPDWLF�EHJLQQLQJ��EXW�RQH�,�VWLOOZDVQ¶W�VXUH�DERXW������7KHQ�ODVW�IDOO�,�DWWHQGHG�D�V\PSRVLXP�RI�ZRPHQ�ELRJUDSKHUV�DW�7XODQH8QLYHUVLW\�LQ�1HZ�2UOHDQV��ZKHUH�,�OLYH��3DWULFLD�%RVZRUWK��9LYLDQ�*RUQLFN�:HQG\�/HVVHU��DQG�%UHQGD�:LQHDSSOH�WDONHG�DERXW�WKHLU�ZULWLQJ�SURFHVV��:KHQGLVFXVVLRQ�WXUQHG�WR�ZULWLQJ�DERXW�VRPHRQH�ZKR�KDV�FRPPLWWHG�VXLFLGH��,�FRXOGQ¶WKHOS�EXW�DVN�DERXW�ZKHWKHU�RQH�VKRXOG�VWDUW�WKH�VWRU\�RI�D�SHUVRQ¶V�OLIH�ZLWK�WKDWVDG�IDFW��7KH�SDQHOLVWV�ZHUH�VSOLW��,�UHPHPEHU�WKDW�/HVVHU�ZDV�DGDPDQW�DERXW�QRWVWDUWLQJ�ZLWK�LW��7KH�ZKROH�OLIH�VKRXOGQ¶W�EH�UHDG�DV�D�SURORJXH�WR�HYHQWXDO�VXLFLGH�VKH�DUJXHG��*RUQLFN�GLVDJUHHG��6KH�WKRXJKW�LW�ZDV�WKH�ORJLFDO�SODFH�WR�EHJLQ��DV�LWZRXOG�GUDZ�WKH�UHDGHU�LQ�DQG�PDNH�WKHP�ZRQGHU�DERXW�KRZ�WKH�SHUVRQ�FDPH�WRWKDW�ILQDO�GHFLVLRQ��,�ZDVQ¶W�VXUH�ZKHUH�,�VWRRG��,�GLGQ¶W�ZDQW�:RROVRQ¶V�VXLFLGH�WRVHHP�OLNH�WKH�PRVW�LPSRUWDQW�IDFW�RI�KHU�OLIH��MXVW�DV�0DWWHVRQ�GLGQ¶W�ZDQW�)XOOHU¶VWUDJLF�GHDWK�WR�GHILQH�KHU�OLIH��%XW�,�DOVR�ZDQWHG�PRUH�WKDQ�DQ\WKLQJ�WR�JHW�UHDGHUVWR�FDUH�DERXW�KHU�VWRU\��:DV�WKHUH�D�EHWWHU�ZD\�WR�GR�WKDW"�������-HDQ�6WURXVH¶V�ELRJUDSK\�RI�$OLFH�-DPHV��VLVWHU�WR�+HQU\�DQG�:LOOLDP��EHJLQVZLWK�D�TXRWH�IURP�$OLFH��³:KHQ�,�DP�JRQH��SUD\�GRQ¶W�WKLQN�RI�PH�VLPSO\�DV�DFUHDWXUH�ZKR�PLJKW�KDYH�EHHQ�VRPHWKLQJ�HOVH��KDG�QHXURWLF�VFLHQFH�EHHQ�ERUQ�´7KHQ�6WURXVH¶V�LQWURGXFWLRQ�H[SODLQV�ZK\�ZH�VKRXOG�WKLQN�RI�$OLFH�-DPHV�QRW�DV�DIDLOXUH�RU�DV�D�NLQG�RI�³6KDNHVSHDUH¶V�VLVWHU�´�LQ�9LUJLQLD�:RROI¶V�IDPRXV�SKUDVH�EXW�DV�D�ZULWHU�DQG�WKLQNHU�LQ�KHU�RZQ�ULJKW��$IWHU�UH�UHDGLQJ�KHU�ERRN�IRU�D�FODVV�,WDXJKW�RQ�³:LULQJ�/LYHV�´�,�EHJDQ�WR�WKLQN�DERXW�VWDUWLQJ�ZLWK�D�GLVFXVVLRQ�RI�ZKDW:RROVRQ�FRXOG�KDYH�EHHQ��KDG�VKH�OLYHG�LQ�DQRWKHU�WLPH��DQG�WKHQ�PDNLQJ�D�SOHDIRU�XQGHUVWDQGLQJ�KHU�RQ�KHU�RZQ�WHUPV�LQ�KHU�RZQ�WLPH��%XW�6WURXVH¶V�DUJXPHQW

3OHDVH�.HHS<RXU�,QIR&XUUHQW

0DNLQJ�D�PRYH�RU�MXVWFKDQJHG�\RXU�HPDLO"�:H�DVN%,2�PHPEHUV�WR�NHHS�WKHLUFRQWDFW�LQIRUPDWLRQ�XS�WR�GDWH�VR�ZH�DQG�RWKHU�PHPEHUVNQRZ�ZKHUH�WR�ILQG�\RX�8SGDWH�\RXU�LQIRUPDWLRQ�LQ�WKH0HPEHU�$UHD�RI�WKH�%,2ZHEVLWH�

0HPEHUVKLS�8SIRU�5HQHZDO"

3OHDVH�UHVSRQG�SURPSWO\�WR\RXU�PHPEHUVKLS�UHQHZDOQRWLFH��$V�D�QRQSURILWRUJDQL]DWLRQ��%,2�GHSHQGV�RQPHPEHUV¶�GXHV�WR�IXQG�RXUDQQXDO�FRQIHUHQFH��WKHSXEOLFDWLRQ�RI�WKLV�QHZVOHWWHU�DQG�WKH�RWKHU�ZRUN�ZH�GR�WR

pdfcrowd.comopen in browser PRO version Are you a developer? Try out the HTML to PDF API

VHHPHG�ULJKW�IRU�D�SDUWLFXODU�PRPHQW�ZKHQ�ELRJUDSKLHV�RI�ZRPHQ�ZHUH�IHZ��,ZDVQ¶W�VXUH�WKDW�DSSURDFK�ZRXOG�VWLOO�ZRUN�WRGD\������,I�,�GLGQ¶W�VWDUW�ZLWK�:RROVRQ¶V�GHDWK��RU�DQ�DUJXPHQW�IRU�WKH�YDOLGLW\�RIZULWLQJ�DERXW�KHU��,�ZRXOG�KDYH�WR�VWDUW��DV�PDQ\�ELRJUDSKHUV�GR��ZLWK�D�VQDSVKRWWKDW�GUDZV�WKH�UHDGHU�LQ�WR�D�NH\�PRPHQW�LQ�WKH�VXEMHFW¶V�OLIH��%XW�KRZ�WR�FKRRVHDPRQJ�D�OLIHWLPH�RI�PRPHQWV"�:KDW�KDG�GUDZQ�PH�WR�:RROVRQ�ZDV�WKDW�KHU�OLIHZDV�QRW�VR�HDV\�WR�SLQ�GRZQ��)RU�LQVWDQFH��VKH�OLYHG�LQ�VR�PDQ\�GLIIHUHQW�SODFHV�LQ�WKH�*UHDW�/DNHV�UHJLRQ��DOO�RYHU�WKH�86�6RXWK��DQG�PRVW�RI�(XURSH��,�FRXOGQ¶WVHWWOH�RQ�MXVW�RQH�VFHQH�LQ�RQH�SDUWLFXODU�SODFH�WKDW�,�IHOW�FDSWXUHG�WKH�HVVHQFH�RIKHU�OLIH������'XULQJ�WKH�UHYLVLRQ�SURFHVV��,�HQGHG�XS�DOPRVW�HQWLUHO\�UHZULWLQJ�WKH�SURORJXH�HYHQ�WKRXJK�P\�HGLWRU�OLNHG�WKH�RULJLQDO�RQH��DQG�,�ILQDOO\�LQFRUSRUDWHG�HDFK�RIWKHVH�VWUDWHJLHV��,�PHQWLRQ�WKH�VXLFLGH�DQG�KHU�IULHQGVKLS�ZLWK�-DPHV�DQG�TXLFNO\SRLQW�RXW�WKDW�WKHVH�DUH�WKH�WZR�PRVW�PLVXQGHUVWRRG�IDFWV�RI�KHU�OLIH��$QG�WKHQ�,IODVK�WKURXJK�D�QXPEHU�RI�PRPHQWV�LQ�KHU�OLIH�WKDW�JLYH�D�VHQVH�RI�LWV�VFRSH�XOWLPDWHO\�DUJXLQJ�WKDW�ZKDW�UHDGHUV�PD\�WKLQN�WKH\�NQRZ�RI�:RROVRQ�DQG�KHU�OLIHLV�YDVWO\�LQFRPSOHWH��$QG�,�FRQFOXGH�ZLWK�D�GLVFXVVLRQ�RI�KHU�VLJQLILFDQFH�LQ�KHURZQ�ULJKW��QRW�RQO\�DV�WKH�IULHQG�RI�+HQU\�-DPHV��,Q�WKH�HQG��,�KRSH�LWDFFRPSOLVKHV�ZKDW�DQ\�JRRG�SURORJXH�VKRXOG��GUDZLQJ�WKH�UHDGHU�LQ��JLYLQJ�DVHQVH�RI�WKH�VFRSH�RI�WKH�SHUVRQ¶V�OLIH��DQG�PDNLQJ�WKH�UHDGHU�IHHO�WKDW�WKLV�LV�D�OLIHVWRU\�WKDW�GHVHUYHV�WR�EH�WROG��7KHQ�WKH�SDUDGH�RI�IRUHEHDUV�FDQ�EHJLQ��

$QQH�%R\G�5LRX[�LV�WKH�DXWKRU�RI�&RQVWDQFH�)HQLPRUH�:RROVRQ��3RUWUDLW�RI�D�/DG\�1RYHOLVWIRUWKFRPLQJ�IURP�:��:��1RUWRQ�LQ�)HEUXDU\�������6KH�LV�DOVR�D�SURIHVVRU�DW�WKH�8QLYHUVLW\�RI1HZ�2UOHDQV�DQG�KDV�SXEOLVKHG�DW�7KH�5XPSXV��WKH�/RV�$QJHOHV�5HYLHZ�RI�%RRNV��DQG�7KH

0LOOLRQV��<RX�FDQ�ILQG�KHU�DW�DQQHER\GULRX[�FRP��

DQG�WKH�RWKHU�ZRUN�ZH�GR�WRVXSSRUW�ELRJUDSKHUV�DURXQG�WKHZRUOG��:KHQ�UHQHZLQJ��SOHDVHPDNH�VXUH�WKH�FRQWDFWLQIRUPDWLRQ�ZH�KDYH�IRU�\RX�LVXS�WR�GDWH��

$UH�<RX�D6WXGHQW"

2U�GR�\RX�NQRZ�RQH�ZKR�LVLQWHUHVWHG�LQ�ELRJUDSK\"�%,2QRZ�KDV�D�VSHFLDO�VWXGHQWPHPEHUVKLS�UDWH��9LVLW�WKH�%,2ZHEVLWH�WR�ILQG�RXW�PRUH�

6ROG�WR�3XEOLVKHUV

0DUF�/HHSVRQ*UHHQ�%HUHW�%DOODGHHU��7KH�7XUEXOHQW/LIH�DQG�7LPHV�RI�6HUJHDQW�%DUU\�6DGOHU

VROG�WR�6WDFNSROH�%RRNVE\�-RVHSK�%UHQGDQ�9DOOHO\�RI�6ZDJJHU�/LWHUDU\�$JHQF\

-XOLD�9DQ�+DDIWHQ%HUHQLFH�$EERWW��$�/LIH�LQ�3KRWRJUDSK\

pdfcrowd.comopen in browser PRO version Are you a developer? Try out the HTML to PDF API

$�PLOHVWRQH�DQQLYHUVDU\�RI6KDNHSHDUHV�GHDWK�VKRXOG�KHOSVDOHV�RI�*UDQWV�PRVW�UHFHQWERRN�

3LFN�DQ�$QQLYHUVDU\�DQG�5XQZLWK�,W�

E\�6WHSKHQ�+��*UDQW

)RU�WKUHH�RI�P\�ILYH�ERRNV��,¶YH�PDQDJHG�WRFRLQFLGH�WKH�ODXQFK�ZLWK�DQ�DQQLYHUVDU\�WKDWKDV�KHOSHG�D�ORW�LQ�JHWWLQJ�SXEOLVKHG�DQG�LQVDOHV��7KH�ILUVW�ERRN��,PDJHV�GH�*XLQpH�DSSHDUHG�LQ�&RQDNU\��*XLQHD��LQ�������WKH�RQHKXQGUHGWK�DQQLYHUVDU\�RI�WKH�IRXQGLQJ�RI�WKH)UHQFK�FRORQ\�*XLQpH�IUDQoDLVH�LQ�������,WDOVR�GLGQ¶W�KXUW�WKDW�LW�ZDV�WKH�ILUVW�ERRN�LQ�WKHLQGHSHQGHQW�FRXQWU\�RI�*XLQHD�SXEOLVKHG�LQWKH�SULYDWH�VHFWRU��E\�WKH�&DWKROLF�0LVVLRQ�(YHU\�RWKHU�ERRN�LQ�WKH�FRXQWU\�KDG�EHHQSXEOLVKHG�E\�WKH�3DWULFH�/XPXPED*RYHUQPHQW�3ULQWLQJ�2IILFH��7KH�ERRN�ZHQWLQWR�D�VHFRQG�SULQWLQJ�LQ�����������0\�WKLUG�ERRN��)RUPHU�3RLQWV�RI�9LHZ�ZDV�SXEOLVKHG�LQ�-DNDUWD��,QGRQHVLD��WRFHOHEUDWH�WKH�ILIWLHWK�DQQLYHUVDU\�RILQGHSHQGHQFH�DIWHU�WKH�GHPLVH�RI�WKH�'XWFK

(DVW�,QGLHV�LQ�������7KH�SULYDWH�SXEOLVKHU�/217$5�RUJDQL]HG�D�IXQGUDLVLQJHYHQLQJ�ZLWK�KLJK�OHYHO�JRYHUQPHQW�EDFNLQJ�WR�HQDEOH�WKUHH�VSHFLDO�ERRNV�WR�EHSXEOLVKHG��0LQH�ZDV�VHOHFWHG��+DUGEDFN�DQG�SDSHUEDFN�HGLWLRQV�FDPH�RXW

%HUHQLFH�$EERWW��$�/LIH�LQ�3KRWRJUDSK\VROG�WR�:�:��1RUWRQ

E\�(OOHQ�*HLJHU�DW�WKH�)UDQFHV�*ROGLQ/LWHUDU\�$JHQF\

1DQF\�.ULSOHQ-��,UZLQ�0LOOHU��7KH�6KDSLQJ�RI�DQ

$PHULFDQ�7RZQVROG�WR�,QGLDQD�8QLYHUVLW\�3UHVV

E\�5RJHU�:LOOLDPV�DW�1HZ�(QJODQG3XEOLVKLQJ�$VVRFLDWHV

$��%UDG�6FKZDUW]�DQG0D[�$OODQ�&ROOLQV

6FDUIDFH��7KH�8QWRXFKDEOH�$O�&DSRQH�DQG�(OLRW�1HVV�VROG�WR�:LOOLDP�0RUURZ

E\�5RVV�+DUULV�DW�6WXDUW�.ULFKHYVN\�$JHQF\

*OHQ�-HDQVRQQH+HUEHUW�+RRYHUVROG�WR�1$/

E\�%ULGJHW�:DJQHU�0DW]LH�DW�=DFKDU\6KXVWHU�+DUPVZRUWK�/LWHUDU\�$JHQF\

$ODQ�&OD\VRQ3URMHFW�;��7KH�$XWKRUL]HG�%LRJUDSK\�RI

)UDQN�=DSSDVROG�WR�)ODWLURQ�%RRNV

E\�0DWWKHZ�(OEORQN�DW�'H)LRUH�DQG&RPSDQ\�LQ�DVVRFLDWLRQ�ZLWK�0DWWKHZ

pdfcrowd.comopen in browser PRO version Are you a developer? Try out the HTML to PDF API

SXEOLVKHG��0LQH�ZDV�VHOHFWHG��+DUGEDFN�DQG�SDSHUEDFN�HGLWLRQV�FDPH�RXWVLPXOWDQHRXVO\��DQG�VROG�RXW������0\�ILIWK�ERRN��&ROOHFWLQJ�6KDNHVSHDUH��ZDV�UHOHDVHG�LQ�������WKH����WKDQQLYHUVDU\�RI�6KDNHVSHDUH¶V�ELUWK��,W�LV�LQ�LWV�WKLUG�SULQWLQJ�E\�-RKQV�+RSNLQV��7KH���WK�DQQLYHUVDU\�RI�6KDNHVSHDUH¶V�GHDWK�LV�LQ�������VR�FRQVHTXHQWO\��WKH6KDNHVSHDUH�EX]]�FRQWLQXHV�IRU�D�WKUHH�\HDU�SHULRG��7KH�)ROJHU�6KDNHVSHDUH/LEUDU\�ZLOO�VHQG�D�JHQXLQH������)LUVW�)ROLR�WR�DOO����VWDWHV��:DVKLQJWRQ��'&��DQG3XHUWR�5LFR�IRU�D�RQH�PRQWK�GLVSOD\�XQGHU�WLJKW�VHFXULW\��6KDNHVSHDUH�H[KLELWV�DQGVSHFLDO�OHFWXUHV�ZLOO�EH�KHOG�LQ�SXEOLF�OLEUDULHV��PXVHXPV��XQLYHUVLWLHV��DQG�KLVWRULFDOVRFLHWLHV������7RP�%URNDZ�LV�TXRWHG�LQ�WKH�0D\���������LVVXH�RI�3DUDGH��³,�EHOLHYH�\RXPDNH�\RXU�RZQ�OXFN�´�

6WHSKHQ�+��*UDQW�FRQWULEXWHG�³%XLOGLQJ�5HDGHUV�IRU�<RXU�%LRJUDSK\�WKURXJK�$UWLFOHV´�WR�7%&9RO�����1R����LQ�0DUFK������

2Q�WKH�5RDG�ZLWK�.HOO\�0�0F'RQDOG:LWK�WKLV�LVVXH�ZH�GHEXW�³2Q�WKH�5RDG�´�FRQWULEXWLRQV�IURP�%,2�PHPEHUV�DERXWWKHLU�UHVHDUFK�WULSV�DQG�WLSV��EDVHG�RQ�WKHLU�H[SHULHQFHV��:H�VWDUW�ZLWK�.HOO\�0�0F'RQDOG��,I�\RX¶G�OLNH�WR�VXEPLW�WR�WKLV�IHDWXUH��OHW�XV�NQRZ�

��$Q�$PHULFDQ�UHVHDUFKLQJ�DQ�(QJOLVK�IDPLO\"�*XDUDQWHHG�WR�UHTXLUH�WUDYHOLQJ²DQG�UHPRWH�UHVHDUFKHUV��%HLQJ�EXGJHW�FRQVFLRXV�KDV�EHHQ�FUXFLDO��7HFKQRORJ\RIIHUV�JUHDW�DGYDQWDJHV��EXW�WKRURXJK�FRQVLGHUDWLRQ�LV�HVVHQWLDO��HVSHFLDOO\�ZKHUH

+DPLOWRQ�DW�$LWNHQ�$OH[DQGHU

6XVDQ�5RQDOG$�'DQJHURXV�:RPDQ��$PHULFDQ�%HDXW\�)UHQFK�0XVH�DQG�1D]L�&ROODERUDWRU

�)ORUHQFH�*RXOG�VROG�WR�6W��0DUWLQ¶V�3UHVV�

E\�$OH[�+R\W�DW�$OH[DQGHU�+R\W�$VVRFLDWHV

0DUN�+DUULV0LNH�1LFKROV��$�%LRJUDSK\

VROG�WR�3HQJXLQ�3UHVVE\�$QGUHZ�:\OLH�DW�7KH�:\OLH�$JHQF\

-RHO�+DUULQJWRQ'DQJHURXV�0\VWLF��0HLVWHU�(FNKDUW¶V

3DWK�WR�WKH�*RG�:LWKLQVROG�WR�3HQJXLQ�3UHVV

E\�5DIH�6DJDO\Q�RI�,&0�6DJDO\Q

-RQDWKDQ�6WHYHQVRQ3KLOLS�$JHH��$OO�$PHULFDQ�7UDLWRU

VROG�WR�WKH�8QLYHUVLW\�RI�&KLFDJR�3UHVVE\�)OLS�%URSK\�DW�6WHUOLQJ�/RUG

/LWHULVWLF

/DZUHQFH�:HVFKOHU8QWLWOHG�ELRJUDSK\�RI�2OLYHU�6DFNVVROG�WR�)DUUDU��6WUDXV�DQG�*LURX[

E\�&KULV�&DOKRXQ�DW�

pdfcrowd.comopen in browser PRO version Are you a developer? Try out the HTML to PDF API

VDIHW\�LV�FRQFHUQHG��,¶YH�PDGH�WZR�UHVHDUFK�WULSV�WR�(QJODQG��RQH�RI�WZR�PRQWKV�������DQG�RQH�RI�WKUHH�ZHHNV���������6HSDUDWHG�E\�VHYHQ�\HDUV��WKHVH�WULSV�ZHUHOLNH�QLJKW�DQG�GD\��WKH�DELOLW\�WR�XVH�D�GLJLWDO�FDPHUD�LQ�WKH�DUFKLYH�PHDQW�,�UHWXUQHGKRPH�ZLWK�7216�RI�PDWHULDO�LQ�������,Q�WUXWK��,¶P�VWLOO�WUDQVFULELQJ�VRPH�RI�LW�WKRXJK�,�DOVR�VSHQW�WKH�IDOO�ZLQWHU������JHWWLQJ�PRUH�PDWHULDO�IURP�RWKHUUHSRVLWRULHV��0\�UHVHDUFK�FHQWHUV�DURXQG�PDQXVFULSW�OHWWHUV�DQG�GLDULHV��GDWLQJIURP�WKH�����V�WKURXJK�WKH�����V��EHORQJLQJ�WR�D�EUDQFK�RI�-DQH�$XVWHQ¶V�IDPLO\�$�YDVW�WLPH�SHULRG�DQG�DQ�LPPHQVH�QHWZRUN�RI�UHODWLRQV�DQG�IULHQGV��,¶YHDFFHVVHG�XSZDUGV�WR�D�WKRXVDQG�OHWWHUV�DQG�D�FRXSOH�KXQGUHG�GLDULHV��DQG�IHHO�OLNHD�RQH�ZRPDQ�EDQG��5HVHDUFKHU��7UDQVFULSWLRQLVW��,QWHUSUHWHU��:ULWHU������,¶OO�IRFXV�RQ�KLQWV�VSHFLILF�WR�(QJODQG��ZLWK�D�ELDV�WRZDUGV�WKH�$PHULFDQWUDYHOHU�DEURDG��EXW�WUXVW�WKDW�WKHVH�KLQWV�WUDQVODWH�VRPHZKDW��,Q�WKH�FDVH�RILQWHUQDWLRQDO�WUDYHO��FRVWV�DUH�FRPSRXQGHG�E\�H[FKDQJH�UDWHV��WKRXJK�LW�RIIHUVLQFHQWLYHV�OLNH�WUDYHO�SDVVHV�DYDLODEOH�RQO\�WR�WRXULVWV��0DQ\�DUFKLYHV�DQG�OLEUDULHVRIIHU�RQOLQH�FDWDORJXHV�WR�VRXUFH�PDWHULDOV�DQG�ZLOO"�JDWKHU�LQIRUPDWLRQ�EHIRUHWUDYHO�FRPPHQFHV��.QRZ�EHIRUH�\RX�JR������)LQGLQJ�DFFRPPRGDWLRQV�WDNHV�D�OHDS�RI�IDLWK��+DYH�MXVW�ERRNHG�P\�ILUVW$LUEQE�VWD\��EXW�HYHQ�EDFN�LQ������,�ORRNHG�IRU�DOWHUQDWLYHV�WR�KRWHOV��ORZHU�SULFHGDQG�WKH�DELOLW\�WR�FRRN�PHDOV�PDGH�D�WZR�PRQWK�UHVHDUFK�WULS�SRVVLEOH��7KURXJK(DV\URRPPDWH�FRP��,�UHQWHG�D�URRP�LQ�D�SULYDWH�KRPH��(PDLO�DOORZHG�WKHH[SHULHQFH�WR�IHHO�OHVV�³LII\�´�DV�WKH�ODQGODG\�DQG�,�FKDWWHG�IRU�ZHHNV�EHIRUH�,ODQGHG�LQ�WKH�8.��0\�EDFN�XS�RSWLRQ�ZDV�WKH�SRVVLELOLW\�RI�VKDULQJ�D�VL[�SHUVRQGRUP�URRP�DW�D�ORFDO�FROOHJH�XQLYHUVLW\��,Q�������,�OLNHZLVH�VWD\HG�LQ�SULYDWHKRPHV��WKLV�WLPH�WDNLQJ�XS�D�QXPEHU�RI�LQYLWDWLRQV�IURP�SHRSOH�,�NQHZ�WKURXJK�P\UHVHDUFK�EORJ��ZKLFK�PHDQW�PHHWLQJ�SHRSOH�ZLWK�DQ�LQWHUHVW�LQ�P\�UHVHDUFK�3ULFHOHVV��+RXVHVKDUHV�RU�H[FKDQJHV�DUH�RWKHU�RSWLRQV�

&KULV�&DOKRXQ�$JHQF\

0DUN�+HUWVJDDUG%UDYHKHDUWV

�(GZDUG�6QRZGHQ�DQG�RWKHUZKLVWOHEORZHUV�VROG�WR�+RW�%RRNV

E\�(OOHQ�/HYLQH�DW�7ULGHQW�0HGLD�*URXS

1LFKRODV�5H\QROGV$�6S\�LQ�:DUWLPH

�(UQHVW�+HPLQJZD\�VROG�WR�:LOOLDP�0RUURZE\�+RZDUG�<RRQ�RI�WKH�5RVV�<RRQ�$JHQF\

'DYLG�5ROO8QWLWOHG�ELRJUDSK\�RI�*

HRUJH�&��0DUVKDOOVROG�WR�1$/

E\�-RKQ�:ULJKW�DW�-RKQ�:ULJKW�/LWHUDU\�$VVRFLDWHV

'RQ�-RUGDQ�DQG�0LFKDHO�:DOVK7KH�.LQJ¶V�5HYHQJH��&KDUOHV�,,�DQG�WKH*UHDWHVW�0DQKXQW�LQ�%ULWLVK�+LVWRU\

VROG�WR�3HJDVXVE\�&KDUOLH�9LQH\�DW�7KH�9LQH\�$JHQF\

7HUU\�*ROZD\)UDQN�DQG�$O��+RZ�)UDQNOLQ�5RRVHYHOW

pdfcrowd.comopen in browser PRO version Are you a developer? Try out the HTML to PDF API

7KH�9\QH��D�1DWLRQDO�7UXVW�SURSHUW\��ZDV�IRUPHUO\�RZQHG�E\�WKH�&KXWHV��D�IDPLO\IURP�0F'RQDOGV�UHVHDUFK�

�����2Q�WKH�RQH�KDQG��,�ZDV�IXUWKHU�RXW�DQG�HQGXUHG�OHVV�IUHTXHQW�EXV�VHUYLFH��0\KLQW�LV�WR�FRPSDUH�SULFHV��VWXG\�SXEOLF�WUDQVSRUWDWLRQ�URXWHV�DQG�IUHTXHQF\�LQFOXGLQJ�RQ�6XQGD\V���DQG�FRQVXOW�\RXU�RZQ�FRPIRUW�OHYHO��*DWKHU�LQIRUPDWLRQ�LQFOXGLQJ�SKRWRV��EHIRUH�\RX�OHDYH�KRPH��DQG�OHDYH�D�GHWDLOHG�LWLQHUDU\��DQGFRPSOHWH�FRQWDFW�LQIRUPDWLRQ��ZLWK�IDPLO\�RU�IULHQG��*RRJOH�(DUWK�ZLOO�JLYH�KHOS\RX�JDXJH�WKH�OD\RXW��DQG�VDIHW\��RI�\RXU�FKRVHQ�QHLJKERUKRRG������:KLOH�DEURDG��WZR�VXJJHVWLRQV�ZLOO�DLG�WKRVH�ZKR�PXVW�EH�RQ�WKH�PRYH��&DOOVDUH�FRVWO\�ZKHQ�FUHGLW�FDUGV�DUH�WKH�ORQH�PHWKRG�RI�SD\PHQW²FRLQV�GURSSHG

DQG�$O�6PLWK�7UDQVIRUPHG�$PHULFDQ�3ROLWLFVVROG�WR�3DOJUDYH

E\�-RKQ�:ULJKW�DW�-RKQ�:ULJKW�/LWHUDU\�$VVRFLDWHV

7RP�6DQFWRQ7KH�%HWWHQFRXUW�$IIDLU

�/LOLDQH�%HWWHQFRXUW�DQG�)UDQoRLV�0DULH�%DQLHU�

VROG�WR�'XWWRQE\�.DWKHULQH�)O\QQ�DQG�-RKQ�7D\ORU

³,NH´�:LOOLDPV�DW�.QHHULP�:LOOLDPV��%ORRP

.DWH�$QGHUVHQ�%URZHU)LUVW�:RPHQ

�)LUVW�/DGLHV�IURP������VROG�WR�+DUSHU

E\�+RZDUG�<RRQ�DW�WKH�5RVV�<RRQ�$JHQF\

$OOHQ�+RUQEOXP&RORVVXV��%LJ�%LOO�7LOGHQ�DQG�WKH&UHDWLRQ�RI�0RGHUQ�7HQQLV

VROG�WR�8QLYHUVLW\�RI�1HEUDVND�3UHVVE\�-LOO�0DUVDO�DW�WKH�0DUVDO�/\RQ

/LWHUDU\�$JHQF\

&KULVWLQH�:RRGVLGH/LEHUWDULDQV�RQ�WKH�3UDLULH��/DXUD,QJDOOV�:LOGHU��5RVH�:LOGHU�/DQH��DQG

pdfcrowd.comopen in browser PRO version Are you a developer? Try out the HTML to PDF API

WKURXJK�RQH�SXEOLF�SKRQH�OLNH�ZDWHU��DQRWKHU�GLG�QRW�DFFHSW�WKH�FDOOLQJ�FDUG�,SXUFKDVHG�IURP�WKH�SRVW�RIILFH��VRPH�ZHUH�RXW�RI�VHUYLFH��6PDUW�SKRQHV�DUHXELTXLWRXV�DPRQJ�WKH�ORFDOV��<RX¶OO�EH�GHFLSKHULQJ�WKH�GHSDUWXUH�ERDUG�ZKLOH�WKH\TXLFNO\�FKHFN�IRU�FRQQHFWLRQV�DQG�WUDFN�LQIRUPDWLRQ��3DSHU�VFKHGXOHV�KDUGO\�H[LVWDQ\�PRUH��2EWDLQ�D�GLVSRVDEOH�FHOO�SKRQH��RU�VZDS�RXW�\RXU�6,0�FDUG�RQ�ODQGLQJ�3KRQH�ERRWKV�QR�ORQJHU�LQFOXGH�SKRQH�ERRNV��VR�KDYLQJ�D�OLVW�RI�ORFDO�FDEFRPSDQLHV�VDYHG�PH�IURP�EHLQJ�VHULRXVO\�VWUDQGHG��,Q�VKRUW��%H�3UHSDUHG�7HFKQRORJ\�PHDQV�PRVW�RI�XV�WUDYHO�ZLWK�H[SHQVLYH�HTXLSPHQW��SKRQH��FDPHUD�FRPSXWHU��%H�GLOLJHQW�LQ�ZDWFKLQJ�DQG�VWRULQJ�\RXU�YDOXDEOHV��PRQH\��WLFNHWV��DQGSDVVSRUW������4XLFNO\�DGGUHVVLQJ�UHPRWH�UHVHDUFK��,¶YH�³DGYHUWLVHG´�RQ�P\�EORJ�IRU�KHOS�WDNHQ�WUDYHOHUV�XS�RQ�RIIHUV��3DLG�UHVHDUFKHUV��HYHQ�RYHU�HPDLO��GRQ¶W�DOZD\VOLVWHQ��6D\LQJ��³)RUJR�ER[HV�;�<�=�DQG�FRQFHQWUDWH�RQ�ER[HV�$�%�&´�JRW�PHGHWDLOV�DERXW�ER[HV�;�<�=��$QRWKHU�UHVHDUFKHU�ZHQW�RII�RQ�XVHOHVV�WDQJHQWV��,FRYHU�QHLWKHU�SRVWDO�KLVWRU\�QRU�ZDWHUPDUNV���$OO�,�ZDQWHG�ZDV�+RZ�0DQ\�/HWWHUVDQG�:ULWWHQ�%\�:KRP²LQIRUPDWLRQ�WKH��86��OLEUDU\�QHJOHFWHG�WR�VD\��ZKHQDVNHG��ZDV�ZULWWHQ�RQ�WKH�RXWVLGH�RI�HDFK�IROGHU��8.�SXEOLF�DUFKLYHVSUHGRPLQDQWO\�EHORQJ�WR�WKH�&$51�V\VWHP��WKH�FDUG�LV�IUHH��8QLYHUVLW\�DUFKLYHVPD\�UHTXLUH�D�OHWWHU�UHTXHVWLQJ�DGPLVVLRQ��.QRZ�ZKDW�,'�LV�QHFHVVDU\�EHIRUHKDQG�7KH�1DWLRQDO�$UFKLYHV�OLVWV�UHVHDUFKHUV�RQOLQH��/HDUQ�WR�³JR�ZLWK�WKH�IORZ�´�EDFNXS�LPDJHV��DQG�EH�FUHDWLYH��%HVW�DGYLFH��(QMR\�WKH�KXQW�DQG�LWV�UHVXOWDQWGLVFRYHULHV�

7R�VHH�VRPH�RI�WKH�XVHIXO�8.�ZHEVLWHV�0F'RQDOG�UHFRPPHQGV��JR�KHUH�

.HOO\�0��0F'RQDOG�LV�WKH�DXWKRU�RI��$�µ5HSXWDWLRQ�IRU�$FFRPSOLVKPHQW��0DULDQQH�'DVKZRRGDQG�(PPD�:RRGKRXVH�DV�$UWLVWLF�3HUIRUPHUV�´�LQ�'XTXHWWH�DQG�/HQFNRV��HGV����-DQH�$XVWHQ�DQGWKH�$UWV��(OHJDQFH��3URSULHW\��DQG�+DUPRQ\�DQG�7ZR�7HHQV�LQ�WKH�7LPH�RI�$XVWHQ��5DQGRP-RWWLQJV�������������+HU�UHVHDUFK�EORJ�LV�7ZR�7HHQV�LQ�WKH�7LPH�RI�$XVWHQ��

,QJDOOV�:LOGHU��5RVH�:LOGHU�/DQH��DQGWKH�0DNLQJ�RI�WKH�/LWWOH�+RXVH�%RRNV

VROG�WR�$UFDGHE\�&UDLJ�.D\VHU�DW�.D\VHU�3LHUFH

/LWHUDU\�$JHQF\

7KH�3UHVLGHQWV�/HWWHU

%,2�SUHVLGHQW�%ULDQ�-D\�-RQHV�LVEXV\�SUHSDULQJ�IRU�WKH�%,2&RQIHUHQFH��/RRN�IRU�KLV�QH[WOHWWHU�LQ�WKH�-XO\�LVVXH�RI�7%&�

pdfcrowd.comopen in browser PRO version Are you a developer? Try out the HTML to PDF API

7UDYLVDQR�ZDV�WKH�ILUVW�IDFXOW\�PHPEHU�LQ�+DUWZLFN&ROOHJH�KLVWRU\�WR�EH�QDPHG�D�*XJJHQKHLP)HOORZ�

0HPEHU�,QWHUYLHZ

)LYH4XHVWLRQVZLWK�7KRPDV7UDYLVDQR:KDW�LV�\RXU�FXUUHQWSURMHFW�DQG�ZKDW�VWDJH�LV�LWDW"$�ELRJUDSK\�RI�(OL]DEHWK%LVKRS��WKH�ZLGHO\�HVWHHPHG$PHULFDQ�SRHW��ZKR�ZDVVRPHZKDW�XQGHUYDOXHG�GXULQJKHU�OLIHWLPH��DQG�ZKR�LV�QRZZLGHO\�UHJDUGHG�DV�RQH�RI�WKH

JUHDWHVW�$PHULFDQ�SRHWV�RI�WKH�VHFRQG�KDOI�RI�WKH�WZHQWLHWK�FHQWXU\��$IWHUVXUYLYLQJ�D�UHPDUNDEO\�GLIILFXOW�FKLOGKRRG��%LVKRS�EHFDPH�D�IDPRXV�REVHUYHU�DQGD�ZRUOG�WUDYHOHU��OLYLQJ�IRU�D�GHFDGH�LQ�.H\�:HVW�DQG�IRU�PRUH�WKDQ�WZR�GHFDGHV�LQ%UD]LO��+HU�ZRUN�ZDV�RQFH�FRQVLGHUHG�LPSHUVRQDO�EXW�LV�QRZ�XQGHUVWRRG�WR�EHGHHSO\²LI�VXEWO\²DXWRELRJUDSKLFDO��0\�ELRJUDSK\�ZLOO�DWWHPSW�WR�HQULFK�RXUXQGHUVWDQGLQJ�RI�WKH�DXWRELRJUDSKLFDO�GLPHQVLRQV�RI�KHU�ZULWLQJV�ZKLOH�UHYHDOLQJWKH�RULJLQDOLW\��WHQDFLW\�DQG�LPDJLQDWLRQ�WKDW�VKH�EURXJKW�WR�EHDU�RQ�WKH�VLQJXODU�OLIHVKH�IDVKLRQHG�IRU�KHUVHOI��,�DP�DERXW�KDOIZD\�WKURXJK��KDYLQJ�GUDIWHG�WKH�HDUO\�DQG�H[WHQVLYH��FKDSWHUV�RQ�KHU�FKLOGKRRG�DV�ZHOO�DV�VXEVWDQWLDO�VHFWLRQV�GHSLFWLQJ

%,2V�%RDUG�RI'LUHFWRUV

%ULDQ�-D\�-RQHV��3UHVLGHQW&DWK\�&XUWLV��9LFH�3UHVLGHQW0DUF�/HHSVRQ��7UHDVXUHU

%DUEDUD�%XUNKDUGW��6HFUHWDU\/RLV�%DQQHU&DURO�%HUNLQ&KLS�%LVKRS.DWH�%XIRUG'HLUGUH�'DYLG*D\OH�)HOGPDQ%HYHUO\�*UD\.LWW\�.HOOH\

-RVKXD�.HQGDOO-DPHV�0F*UDWK�0RUULV

+DQV�5HQGHUV:LOOLDP�6RXGHU:LOO�6ZLIW

$GYLVRU\�&RXQFLO�

'HEE\�$SSOHJDWH��&KDLU

pdfcrowd.comopen in browser PRO version Are you a developer? Try out the HTML to PDF API

KHU�GHFDGHV�LQ�%UD]LO�DQG�KHU�ILQDO�\HDUV�RI�WHDFKLQJ�DW�+DUYDUG�

:KLFK�SHUVRQ�ZRXOG�\RX�PRVW�OLNH�WR�ZULWH�DERXW",�DP�FXUUHQWO\�VR�IRFXVHG�RQ�(OL]DEHWK�%LVKRS�WKDW�,¶P�QRW�WKLQNLQJ�DKHDG��,�KDYHEHHQ�ZULWLQJ�DERXW�%LVKRS�VLQFH�P\�GRFWRUDO�WKHVLV��ZKLFK�,�FRPSOHWHG�LQ������0\�(OL]DEHWK�%LVKRS��+HU�$UWLVWLF�'HYHORSPHQW�DSSHDUHG�LQ������DQG�VLQFH�WKHQ�,SXEOLVKHG�D�JURXS�VWXG\��0LGFHQWXU\�4XDUWHW��%LVKRS��/RZHOO��-DUUHOO��%HUU\PDQ�LQ�����DQG�ZDV�SULQFLSDO�HGLWRU�RI�:RUGV�LQ�$LU��7KH�&RPSOHWH�&RUUHVSRQGHQFH%HWZHHQ�(OL]DEHWK�%LVKRS�DQG�5REHUW�/RZHOO��,�DP�DOVR�WKH�IRXQGLQJ�SUHVLGHQW�RIWKH�(OL]DEHWK�%LVKRS�6RFLHW\��7KLV�LV�P\�ILUVW�ELRJUDSK\��ZKLFK�ZDV�HQFRXUDJHG�E\D�*XJJHQKHLP�)HOORZVKLS�LQ�������,I�,�SURFHHG�WR�D�VHFRQG�ELRJUDSK\��LW�ZRXOGOLNHO\�EH�RQ�DQRWKHU�PHPEHU�RI�P\�0LGFHQWXU\�4XDUWHW��EXW�,¶P�DOVR�WKLQNLQJ�RI�DYHU\�GLIIHUHQW�NLQG�RI�ERRN�PL[LQJ�KLVWRU\�DQG�SRSXODU�FXOWXUH��7KLV�ERRN�ZRXOGIHDWXUH�PDQ\�ELRJUDSKLFDO�HOHPHQWV�EXW�ZRXOG�QRW�EH�D�VXVWDLQHG�ELRJUDSK\�

:KDWV�\RXU�IDYRULWH�ELRJUDSK\�ZKR�LV�\RXU�IDYRULWH�ELRJUDSKHU"7KH�ILUVW�ELRJUDSK\�,�UHDOO\�IHOO�IRU�ZDV�D�FODVVLF²%RVZHOO¶V�/LIH�RI�6DPXHO-RKQVRQ��ZKLFK�FDQ�KDUGO\�EH�PDWFKHG�IRU�LWV�KXPDQLW\��ZLW��DQG�JHQHURVLW\��,WKHQ�PRYHG�WR�-RKQVRQ¶V�RZQ�7KH�/LYHV�RI�3RHWV��7KHVH�OLYHV�DUH�PDVWHUSLHFHV�RIFRQFLVH�ELRJUDSK\�DQG�OLWHUDU\�DQDO\VLV��$V�,�ZRUN�RQ�(OL]DEHWK�%LVKRS��,�ILQG-DFNVRQ�%DWH¶V�6DPXHO�-RKQVRQ�WR�EH�D�VXUSULVLQJO\�KHOSIXO�FRPSDQLRQ��$QG�,�MXVWORYH�'DYLG�0F&XOORXJK¶V�-RKQ�$GDPV��ZKLFK�LV�DJDLQ�D�YLYLG�DQG�JHQHURXVGUDPDWL]DWLRQ�RI�D�FRPSOH[�SXEOLF�DQG�OLWHUDU\�OLIH�

:KDW�ZDV�\RXU�PRVW�VDWLVI\LQJ�PRPHQW�DV�D�ELRJUDSKHU",�ORYH�DUFKLYDO�UHVHDUFK��EXW�DV�,¶YH�ZRUNHG�RQ�WKLV�ELRJUDSK\��,¶YH�DOVR�FRPH�WRHQMR\�WKH�SOHDVXUHV�RI�LQWHUYLHZLQJ��0DQ\�OLYLQJ�LQGLYLGXDOV�DUH�MXVW�G\LQJ�IRU�WKHFKDQFH�WR�WHOO�WKHLU�VWRULHV��DQG�ILQGLQJ�D�QHZ�VXEMHFW�ZKR�KDV�QHYHU�SUHYLRXVO\

'HEE\�$SSOHJDWH��&KDLU'RXJODV�%ULQNOH\&DWKHULQH�&OLQWRQ$PDQGD�)RUHPDQ

'RULV�.HDUQV�*RRGZLQ-RDQ�+HGULFN

0LFKDHO�+ROUR\G(ULF�/D[

'DYLG�/HYHULQJ�/HZLV-RKQ�0DWWHVRQ

:LOOLDP�6��0F)HHO\-RQ�0HDFKDP0DULRQ�0HDGH1DQF\�0LOIRUG$QGUHZ�0RUWRQ0DUWLQ�-��6KHUZLQ

7��-��6WLOHV:LOOLDP�7DXEPDQ7HUU\�7HDFKRXW

7KH�%LRJUDSKHUV�&UDIW

pdfcrowd.comopen in browser PRO version Are you a developer? Try out the HTML to PDF API

EHHQ�LQWHUYLHZHG�LV�H[WUHPHO\�H[FLWLQJ²ERWK�IRU�P\VHOI�DQG�WKH�LQWHUYLHZHH�5HFHQWO\�,¶YH�WUDFNHG�GRZQ�VHYHUDO�VXFK�LQGLYLGXDOV��DQG�,¶YH�DOVR�IRXQG�PRUHWKDQ�RQH�FDFKH�RI�OHWWHUV�JRLQJ�EDFN�WR�%LVKRS¶V�DGROHVFHQFH��7KLV�NLQG�RIGLVFRYHU\�LV�DQRWKHU�VRXUFH�RI�H[FLWHPHQW�

2QH�UHVHDUFK�PDUNHWLQJ�DWWLWXGLQDO�WLS�WR�VKDUH"0\�ELJJHVW�SLHFH�RI�DGYLFH�LV²EH�JHQHURXV��,W¶V�HDV\�IRU�D�ELRJUDSKHU�WR�EHFRPHK\SHUFULWLFDO�RI�WKH�ELRJUDSKLFDO�VXEMHFW�ZKHQ�IDFLQJ�WKLV�VXEMHFW¶V�PLVGHHGV�RUVLPSOH�HUURUV��3HUVRQDOO\��,�FRQVLGHU�P\�VXEMHFW�WR�EH�P\�SURWDJRQLVW��DQG�P\LQVWLQFW�LV�WKDW�ZKHQ�D�UHDGHU�ORVHV�V\PSDWK\�ZLWK�WKH�SURWDJRQLVW��WKDW�UHDGHU¶VUHVSRQVH�PLJKW�EH�WR�VWRS�UHDGLQJ��6KDNHVSHDUH�PDQDJHG�WR�PDLQWDLQ�RXUIDVFLQDWLRQ²ZDUWV�DQG�DOO²ZLWK�0DFEHWK�DQG�HYHQ�ZLWK�5LFKDUG�,,,��0\�RZQVXEMHFW¶V�IRLEOHV�DUH�E\�QR�PHDQV�RI�WKDW�RUGHU��EXW�%LVKRS�GLG�KDYH�KHU�LVVXHV��DQGP\�JRDO�LV�WR�HVWDEOLVK�D�FRPPLWPHQW�WRZDUG�%LVKRS�RQ�WKH�SDUW�RI�WKH�UHDGHU�WKDWZLOO�FDUU\�WKDW�UHDGHU�DORQJ�WKURXJK�WKLFN�DQG�WKLQ�

6KRUWV-RXUQDO�6HHNV�$UWLFOHV�RQ�*HUPDLQH�*UHHU$XVWUDOLDQ�)HPLQLVW�6WXGLHV��$)6��LV�VHHNLQJ�FRQWULEXWLRQV�IRU�D�WKHPHG�LVVXHIRFXVLQJ�RQ�*HUPDLQH�*UHHU�WKDW�ZLOO�DSSHDU�LQ�������7KH�MRXUQDO�ZDQWV�RULJLQDODUWLFOHV��XS�WR�������ZRUGV��RQ�DQ\�DVSHFW�RI�*UHHU¶V�ZULWLQJ�RU�KHU�FDUHHU�LQFOXGLQJ�

QHZO\�DYDLODEOH�DUFKLYDO�VRXUFHV*UHHU�DV�SXEOLVKHU�DQG�OLWHUDU\�VFKRODU*UHHU�DV�DXWR�ELRJUDSKHU

7KH�%LRJUDSKHUV�&UDIW

(GLWRU0LFKDHO�%XUJDQ�

&RQVXOWLQJ�(GLWRU-DPHV�0F*UDWK�0RUULV

��&RS\�(GLWRU

.D\�%LUG

&RUUHVSRQGHQWV8QLWHG�.LQJGRP$QGUHZ�/RZQLH

��1HWKHUODQGV+DQV�5HQGHUV

��,QGLD

$VKRN�5��&KDQGUDQ��

$XVWUDOLD�1HZ�=HDODQG7RGG�1LFKROOV

��8QLWHG�6WDWHV

6DQGUD�.LPEHUOH\�+DOO�+DZDLL��

3DW�0F1HHV�:DVKLQJWRQ��'�&���

'RQD�0XQNHU�1HZ�<RUN�

pdfcrowd.comopen in browser PRO version Are you a developer? Try out the HTML to PDF API

0RUULV�VKDUHV�KLV�VNLOOV��DQG�KLVKRVSLWDOLW\��ZLWK�WKH�0D\ERUQ%LRJUDSK\�)HOORZ�

UHIOHFWLRQV�RQ�*UHHU¶V�FDUHHU�LQ�MRXUQDOLVP�DQG�RU�WHOHYLVLRQ*UHHU�DV�IHPLQLVW�IDVKLRQ�LFRQ*UHHU�LQ�DQG�WKH�PHGLD*UHHU�DV�HQYLURQPHQWDO�DFWLYLVW

��6KRUWHU�WKHPDWLF�SLHFHV��XS�WR�������ZRUG��PD\�EH�FRQVLGHUHG�IRU�WKH�MRXUQDO¶V)HPLQLVW�'HEDWHV�DQG�5HIOHFWLRQV�VHFWLRQ��$EVWUDFWV������ZRUGV��VKRXOG�EHVXEPLWWHG�E\�-XQH�����������ZLWK�DFFHSWHG�DUWLFOHV�GXH�1RYHPEHU����������,QTXLULHV�DQG�VXEPLVVLRQV�FDQ�EH�VHQW�KHUH�

5HJLVWUDWLRQ�IRU�0D\ERUQ&RQIHUHQFH�LV�8QGHUZD\7KH�HOHYHQWK�DQQXDO�0D\ERUQ�/LWHUDU\1RQILFWLRQ�&RQIHUHQFH�ZLOO�EH�KHOG�-XO\������LQ�*UDSHYLQH��7H[DV��7KHFRQIHUHQFH�LQFOXGHV�OHFWXUHV��SDQHOV��DQGRQH�RQ�RQH�VHVVLRQV��7KLV�\HDU¶V�NH\QRWHVSHDNHUV�DUH�$QQH�)DGLPDQ��%DUEDUD(KUHQUHLFK��DQG�$OH[�7L]RQ��$�KLJKOLJKW�RIWKH�FRQIHUHQFH�LV�WKH�DQQRXQFHPHQW�RIWKH�ZLQQHU�RI�WKH�0D\ERUQ�%LRJUDSK\)HOORZVKLS��ZKLFK�DZDUGV�D�ZULWHU�DUHVLGHQF\�LQ�1HZ�0H[LFR¶V�6DQJUH�GH&ULVWR�0RXQWDLQV�DQG�PHQWRULQJ�IURP%,2�ERDUG�PHPEHU�-DPHV�0F*UDWK0RUULV��ZKR�LV�DOVR�D�IHDWXUHG�VSHDNHU�DWWKH�HYHQW��)RU�PRUH�LQIRUPDWLRQ�RQ�WKH

�1HZ�<RUN��

7R�FRQWDFW�DQ\�RI�RXU�FRUUHVSRQGHQWV�FOLFN��KHUH�

pdfcrowd.comopen in browser PRO version Are you a developer? Try out the HTML to PDF API

FRQIHUHQFH��JR�KHUH�

1HZ�6HUYLFH�0DNHV�7UDQVFULSWLRQ�(DVLHU%LRJUDSKHUV�DQG�RWKHUV�ZKR�UHFRUG�LQWHUYLHZV�KDYH�D�QHZ�WRRO�WKDW�SURPLVHV�WRPDNH�WUDQVFULELQJ�DQG�VHDUFKLQJ�WKRVH�VHVVLRQV�HDVLHU��3RS�8S�$UFKLYH�DOORZVLQWHUYLHZHUV�WR�XSORDG�DQ\�DXGLR�IRUPDW�DQG�UHFHLYH�D�WUDQVFULSWLRQ��XVLQJ�YRLFH�UHFRJQLWLRQ�VRIWZDUH��:KLOH�DOORZLQJ�WKDW�WKH�VRIWZDUH�LV�QRW�SHUIHFW��WKH�FRPSDQ\QRWHV�WKDW�LWV�VHUYLFHV�DUH�FKHDSHU�WKDQ�XVLQJ�D�KXPDQ�WUDQVFULEHU��DQG�LW�VD\VFRPELQLQJ�WKH�WUDQVFULSW�ZLWK�WLPH�VWDPSV�PDNHV�LW�HDV\�WR�ILQG�FRQWHQW��3RS�8S$UFKLYH�LV�SULPDULO\�JHDUHG�WRZDUG�UDGLR�SURJUDPPHUV��EXW�6DPDQWKD�6Q\GHU�RIWKH�8QLYHUVLW\�RI�:LVFRQVLQ�0DGLVRQ�$UFKLYHV�UHYLHZHG�WKH�SURGXFW�IRU�WKH�2UDO+LVWRU\�5HYLHZ�DQG�IRXQG�WKH�SUHPLXP�VHUYLFH�WR�EH�ZRUWK�FRQVLGHULQJ�IRUWUDQVFULELQJ�RUDO�KLVWRU\��3RS�8S�$UFKLYH�DOVR�KDV�D�IUHH�YHUVLRQ���<RX�FDQ�UHDGKHU�UHYLHZ�KHUH��

5HVHDUFK�7LSV'LJLWL]HG�5HYLHZV,I�\RXU�VXEMHFW�LV�DQ�DXWKRU�DQG�\RX¶UH�ORRNLQJ�IRU�UHYLHZV�RI�KLV�RU�KHU�ERRNV��RULI�\RX¶UH�MXVW�FXULRXV�DERXW�WKH�UHFHSWLRQ�D�GHFDGHV�ROG�ERRN�JRW��3XEOLVKHUV:HHNO\�LV�PDNLQJ�LW�HDVLHU�WR�WUDFN�GRZQ�LWV�ROG�UHYLHZV��3:�DOUHDG\�KDV�VRPH��������UHYLHZV�DYDLODEOH�RQOLQH�EXW�LW¶V�GLJLWL]LQJ�DOO�LWV�UHYLHZV�GDWLQJ�EDFN�WR�WKH����V��7KH�PDJD]LQH�SXEOLVKHV�DERXW�������UHYLHZV�HDFK�\HDU��7KH�DUFKLYH�RI�WKHUHYLHZV�DQG�HQWLUH�EDFN�LVVXHV��KRZHYHU��LV�RQO\�DYDLODEOH�WR�VXEVFULEHUV

0DSV�2QOLQH,I�\RX�ZDQW�D�EHWWHU�VHQVH�RI�WKH�ZRUOG�\RXU�VXEMHFW�LQKDELWHG��WKH�8�6��*HRORJLFDO

pdfcrowd.comopen in browser PRO version Are you a developer? Try out the HTML to PDF API

:KLWHORFNV�HDUOLHU�ERRNV�LQFOXGH�D�ELRJUDSK\RI�0DU\�7XGRU�

6XUYH\�KDV�PDGH�WKH�WDVN�D�OLWWOH�HDVLHU��6LQFH�������LW�KDV�EHHQ�GLJLWL]LQJWRSRJUDSKLFDO�PDSV�IURP�WKH�QLQHWHHQWK�FHQWXU\�DQG�ODWHU�DW�7RSR9LHZ��$V�WKHZHEVLWH�GHVFULEHV��³7RSR9LHZ�VKRZV�WKH�PDQ\�DQG�YDULHG�ROGHU�PDSV�RI�HDFKDUHD��DQG�VR�LV�XVHIXO�IRU�KLVWRULFDO�SXUSRVHV²IRU�H[DPSOH��WKH�QDPHV�RI�VRPHQDWXUDO�DQG�FXOWXUDO�IHDWXUHV�KDYH�FKDQJHG�RYHU�WLPH��DQG�WKH�µROG¶�QDPHV�FDQ�EHIRXQG�RQ�WKHVH�KLVWRULFDO�WRSRJUDSKLF�PDSV�´�$OPRVW���������PDSV�DUH�DYDLODEOH

RQOLQH�DV�3')V��DQG�VFDQQLQJ�ZLOO�FRQWLQXH�LQWR������

3UL]HV3(1�/LWHUDU\�$ZDUGV$QQD�:KLWHORFN�ZRQ�WKH3(1�-DFTXHOLQH�%RJUDG$ZDUG�IRU�%LRJUDSK\�IRU7KH�4XHHQ¶V�%HG��$Q,QWLPDWH�+LVWRU\�RI(OL]DEHWK¶V�&RXUW��$QRWKHUELRJUDSK\��-RKQ�%UDQFK¶V%R\�RQ�,FH��7KH�/LIH�DQG'HDWK�RI�'HUHN�%RRJDDUG�ZRQ�WKH�3(1�(631�$ZDUGIRU�/LWHUDU\�6SRUWV�:ULWLQJ�%RWK�DZDUGV�LQFOXGH�D�������SUL]H��(DFK�\HDU�3(1��LWV�SDUWQHUV��DQG�LWV

VSRQVRUV�JLYH�OLWHUDU\�DZDUGV�ZRUWK�PRUH�WKDQ�����������,QIRUPDWLRQ�RQ

pdfcrowd.comopen in browser PRO version Are you a developer? Try out the HTML to PDF API

VXEPLWWLQJ�IRU�WKH������DZDUGV�ZLOO�EH�DYDLODEOH�ODWHU�WKLV�\HDU�DW�WKH�3(1�ZHEVLWH�

1(+�*UDQWV6HYHUDO�ELRJUDSKHUV�UHFHQWO\�KDYH�ZRQ�1DWLRQDO�(QGRZPHQW�IRU�WKH�+XPDQLWLHVJUDQWV�IRU�WKHLU�FXUUHQW�SURMHFWV��6RPH�RI�WKH�DXWKRUV�DQG�WKHLU�SURMHFWV�LQFOXGH�

/DXUD�'DVVRZ�:DOOV��7KH�/LIH�RI�$PHULFDQ�$XWKRU�+HQU\�'DYLG�7KRUHDX�����±�����-DFN�/\QFK��7KH�6KDNHVSHDUH�3KDQWRP��7KH�/LYHV�RI�:LOOLDP�+HQU\,UHODQG��/DWH���WK�&HQWXU\�)RUJHU�DQG�)DEXOLVW3HWHU�)LONLQV��7KH�/LIH�DQG�7LPHV�RI�+�*��$GOHU������±�������3RHW�1RYHOLVW��DQG�+RORFDXVW�6XUYLYRU2OJD�/LWYDN��5XVVLDQ�,QWHOOHFWXDO�0��/��/LOLHQEOXP������±������DQG�WKH2ULJLQV�RI�=LRQLVP-HQQLIHU�-DQH�0DUVKDOO��7KH�/LIH�DQG�:RUN�RI�$IULFDQ�$PHULFDQ�)RON�$UWLVW:LOOLDP�(GPRQGVRQ��FD�����±�����*XVWDYXV�6WDGOHU��:RRG\�*XWKULH�DQG�WKH�,QWLPDWH�/LIH�RI�WKH�/HIW

1HZ�<RUN�&LW\�%RRN�$ZDUGV7KRPDV�%HOOHU¶V�-�'��6DOLQJHU��7KH�(VFDSH�$UWLVW�ZRQ�LQ�WKH�%LRJUDSK\�0HPRLU

FDWHJRU\�RI�WKH�1HZ�<RUN�&LW\�%RRN�$ZDUGV��*LYHQ�E\�WKH�1HZ�<RUN�6RFLHW\

/LEUDU\��WKH�DZDUGV�KRQRU�ERRNV�WKDW�HYRNH�WKH�VSLULW�RU�HQKDQFH�DSSUHFLDWLRQ�RI

1HZ�<RUN�&LW\�

7KH�:ULWHUV�/LIH

pdfcrowd.comopen in browser PRO version Are you a developer? Try out the HTML to PDF API

7LSV�IRU�)LQGLQJ�DQ�$JHQW²,I�<RX�1HHG�2QH7KLQN�ODQGLQJ�DQ�DJHQW�LV�D�PXVW�WR�VHOO�\RXU�ERRN"$XWKRU��WHDFKHU��DQG�ORQJ�WLPH�SXEOLVKLQJ�LQGXVWU\YHWHUDQ�-DQH�)ULHGPDQ�VD\V�QRW�HYHU\RQH�QHHGV�DQ

DJHQW��EXW�LI�\RX�GR�ZDQW�WR�ZRUN�ZLWK�RQH��\RX�VKRXOG�FRQVLGHU�D�QXPEHU�RIIDFWRUV�ILUVW��6KH�VXPV�XS�WKH�LQV�DQG�RXWV�RI�ILQGLQJ�DQG�ZRUNLQJ�ZLWK�DQ�DJHQW�DWKHU�EORJ��)ULHGPDQ¶V�VXJJHVWLRQV�LQFOXGH�

.QRZ�ZKDW�WR�VHQG�D�SURVSHFWLYH�DJHQW�LQ�D�TXHU\��GHSHQGLQJ�RQ�WKH�NLQGRI�ERRN�\RX¶YH�ZULWWHQ�

:HLJK�WKH�SURV�DQG�FRQV�RI�ZRUNLQJ�ZLWK�D�QHZ�DJHQW�

.QRZ�ZKDW�WR�H[SHFW�IURP�D�JRRG�DJHQW�

�����<RX�FDQ�UHDG�DOO�RI�)ULHGPDQ¶V�WLSV�KHUH�

:KHQ�\RX¶UH�WU\LQJ�WR�FUHDWH�D�FDUHHU�DV�D�ZULWHU��D�OLWWOH�GHOXVLRQDO�WKLQNLQJ�JRHVD�ORQJ�ZD\�ʊ0LFKDHO�/HZLV

6LPRQ��6FKXVWHU�2IIHUV�%RRNV�RQ�WKH�*R$Q\RQH�ZLWK�D�VPDUWSKRQH�RU�VRPH�NLQG�RI�HERRN�UHDGHU�NQRZV�KRZ�HDV\�LW�LV�WRUHDG�DOPRVW�DQ\ZKHUH��1RZ�6LPRQ��6FKXVWHU�LV�RIIHULQJ�UHDGHUV�D�ZD\�WRGRZQORDG�ERRNV�ZLWK�D�SDUWLFXODU�UHOHYDQFH�WR�WKHLU�ORFDWLRQ��3DUWQHULQJ�ZLWK�)ROL�D�GLJLWDO�FRQWHQW�PRELOH�GLVWULEXWLRQ�SODWIRUP��WKH�SXEOLVKHU�LV�PDNLQJ�'DYLG0F&XOORXJK¶V�QHZ�ELRJUDSK\�RQ�WKH�:ULJKW�EURWKHUV�DYDLODEOH�IRU�IUHH�DW�GR]HQVRI�DLUSRUWV�DQG�PXVHXPV�GHGLFDWHG�HLWKHU�WR�DYLDWLRQ�LQ�JHQHUDO�RU�WKH�SLRQHHULQJEURWKHUV�LQ�SDUWLFXODU��5HDGHUV�ORDG�WKH�)ROL�DSS�RQ�D�GHYLFH�XVLQJ�HLWKHU�$QGURLG�RUWKH�$SSOH�RSHUDWLQJ�V\VWHP�DQG�FDQ�WKHQ�EHJLQ�UHDGLQJ��2WKHU�WLWOHV�ZLOO�EH�DYDLODEOH

pdfcrowd.comopen in browser PRO version Are you a developer? Try out the HTML to PDF API

WKH�$SSOH�RSHUDWLQJ�V\VWHP�DQG�FDQ�WKHQ�EHJLQ�UHDGLQJ��2WKHU�WLWOHV�ZLOO�EH�DYDLODEOHDW�VHOHFW�KRWHOV�DQG�DLUSRUWV��7KH�ERRNV�DUH�DYDLODEOH�DW�WKH�ORFDWLRQ�IRU�D�OLPLWHGWLPH��EXW�UHDGHUV�FDQ�SXUFKDVH�WKHLU�RZQ�HOHFWURQLF�FRS\��$V�UHSRUWHG�LQ3XEOLVKHUV�:HHNO\��6LPRQ��6FKXVWHU�VHHV�WKH�QHZ�SODWIRUP�DV�D�ZD\�WR�WDUJHWFRQVXPHUV�DW�VXFK�YHQXHV�DV�VSRUWLQJ�DUHQDV�DQG�PXVHXPV��³66�7ULHV�*HR�7DUJHWLQJ�LQ�1HZ�0DUNHWLQJ�2XWUHDFK´

>7KH�KDELW�RI�UHDGLQJ@�ODVWV�ZKHQ�DOO�RWKHU�SOHDVXUHV�IDGH��,W�ZLOO�EH�WKHUH�WRVXSSRUW�\RX�ZKHQ�DOO�RWKHU�UHVRXUFHV�DUH�JRQH�ʊ$QWKRQ\�7UROORSH

6HOI�SXEOLVKHG�$XWKRU�6KDUHV�0DUNHWLQJ�7LSV%ULWLVK�DXWKRU�0DUN�'DZVRQ�PDGH����������LQ�RQH�\HDU�IURP�VHOOLQJ�KLV�VHOI�SXEOLVKHG�QRYHOV��:KLOH�HYHU\�ZULWHU�PD\�QRW�EH�DEOH�WR�GXSOLFDWH�WKDW�VXFFHVV�'DZVRQ�GRHV�EHOLHYH�FHUWDLQ�VWHSV�FDQ�EULQJ�VDOHV��)RUEHV�WDONHG�ZLWK�'DZVRQDERXW�KLV�PHWKRG��ZKLFK�UHOLHV�KHDYLO\�RQ�XVLQJ�)DFHERRN�DQG�FUHDWLQJ�D�ODUJHPDLOLQJ�OLVW��7UDGLWLRQDO�PDUNHWLQJ�VNLOOV��VXFK�DV�ZULWLQJ�FDWFK\�FRS\��DOVR�KHOS�5HDG�PRUH�RI�'DZVRQ¶V�DGYLFH�KHUH�

2QH�GD\�,�ZLOO�ILQG�WKH�ULJKW�ZRUGV��DQG�WKH\�ZLOO�EH�VLPSOH�ʊ-DFN�.HURXDF

2ELWXDULHV:LOOLDP�%DVW:LOOLDP�%DVW��D�ZULWHU�IRU�WHOHYLVLRQ�DQG�ILOP�ZKR�DOVR�ZURWH�WZR�ERRNV�DERXW-DPHV�'HDQ��GLHG�0D\���LQ�/RV�$QJHOHV��+H�ZDV���������%DVW�PRYHG�IURP�:LVFRQVLQ�WR�/RV�$QJHOHV�LQ�WKH�HDUO\�����V�WR�VWXG\�WKHDWHU

pdfcrowd.comopen in browser PRO version Are you a developer? Try out the HTML to PDF API

DQG�EHFDPH�IULHQGV�ZLWK�'HDQ��$IWHU�WKH�DFWRU¶V�GHDWK�LQ�������%DVW�ZURWH�WKH�ILUVWERRN�DERXW�'HDQ¶V�OLIH��%DVW�ZHQW�RQ�WR�ZULWH�VFULSWV�IRU�79�VHULHV��DQG�79�DQGIHDWXUH�ILOPV��+H�DOVR�ZURWH�DQG�FR�SURGXFHG�D�WHOHYLVLRQ�ELRSLF�RQ�'HDQ��,Q������%DVW�ZURWH�6XUYLYLQJ�-DPHV�'HDQ��D�PRUH�SHUVRQDO�DFFRXQW�KLV�UHODWLRQVKLS�ZLWKWKH�DFWRU�

3HWHU�*D\3HWHU�*D\��D�KLVWRULDQ�RI�FXOWXUH�DQG�LGHDV��GLHG�0D\����LQ�0DQKDWWDQ��+H�ZDV���������%RUQ�LQ�%HUOLQ��*D\�DQG�KLV�IDPLO\�IOHG�*HUPDQ\�MXVW�EHIRUH�WKH�VWDUW�RI�:RUOG:DU�,,��JRLQJ�ILUVW�WR�&XED�DQG�WKHQ�WKH�8QLWHG�6WDWHV��*D\�GLG�KLV�JUDGXDWH�ZRUNLQ�KLVWRU\�DW�&ROXPELD�8QLYHUVLW\�DQG�WKHQ�WDXJKW�DW�WKH�VFKRRO��+LV�EHVW�NQRZQZRUNV�LQFOXGHG�WKH�WZR�YROXPH�7KH�(QOLJKWHQPHQW��$Q�,QWHUSUHWDWLRQ�DQG�7KH%RXUJHRLV�([SHULHQFH��)URP�9LFWRULD�WR�)UHXG��D�ILYH�YROXPH�VHW��*D\�DOVR�ZURWHD�KLJKO\�UHJDUGHG�ELRJUDSK\�RI�6LJPXQG�)UHXG��SXEOLVKHG�LQ�������DQG�0R]DUW��$/LIH��������IRU�WKH�3HQJXLQ�/LYHV�VHULHV��

1HZV�DQG�1RWHV7KH�OLVW�RI�ERRNV�UHFHQWO\�VROG�WR�SXEOLVKHUVLQFOXGHV�0DUN�/HHSVRQ¶V�*UHHQ�%HUHW%DOODGHHU��7KH�7XUEXOHQW�/LIH�DQG�7LPHV�RI6HUJHDQW�%DUU\�6DGOHU��0DUF�ZRQ�VWURQJUHYLHZV�IRU�KLV�ODVW�ERRN��D�ELRJUDSK\�RI)UDQFLV�6FRWW�.H\��PDNLQJ�KLP�D�JR�WR�JX\�IRU)ODJ�'D\�DQG�RQ�WKH�³6WDU�6SDQJOHG�%DQQHU�´$QRWKHU�PHPEHU�ZLWK�D�UHFHQW�VDOH�LV�-XOLD

pdfcrowd.comopen in browser PRO version Are you a developer? Try out the HTML to PDF API

/HHSVRQV�ODVW�ERRN�ZDV�WKHILUVW�ELRJUDSK\�RQ�)UDQFLV�6FRWW.H\�LQ�PRUH�WKDQ����\HDUV��

9DQ�+DDIWHQ��-XOLD�ZDV�WKH�IRUPHUSKRWRJUDSK\�FXUDWRU�RI�WKH�1HZ�<RUN�3XEOLF/LEUDU\�DQG�GLUHFWRU�RI�FROOHFWLRQV�DW�WKH0XVHXP�RI�WKH�&LW\�RI�1HZ�<RUN��+HU�ERRN�LVRQ�%HUHQLFH�$EERWW��RQH�RI�WKH�WZHQWLHWKFHQWXU\¶V�LFRQLF�SKRWRJUDSKHUV��$�WKLUGPHPEHU�ZLWK�D�VDOH�WKLV�PRQWK�LV�1DQF\.ULSOHQ��+HU�-��,UZLQ�0LOOHU��7KH�6KDSLQJ�RIDQ�$PHULFDQ�7RZQ�ZLOO�ORRN�DW�WKH�LQGXVWULDOLVWZKR�OHG�&XPPLQV�IRU�DOPRVW����\HDUV��0HPEHUV�ZLWK�ERRNV�LQ�VWRUHV�WKLV�PRQWKRU�QRZ�RXW�LQ�SDSHUEDFN�DUH�$PDQGD�9DLOO�DQG�(PLO\�%LQJKDP��(PLO\V�ERRN�RQ+HQULHWWD�%LQJKDP�ZRQ�D�VWDUUHG�UHYLHZ�IURP�.LUNXV��$QG�RXU�DSRORJLHV�WR$PDQGD�IRU�IDLOLQJ�WR�OLVW�KHU�+RWHO�)ORULGD�ZKHQ�WKH�SDSHUEDFN�ILUVW�FDPH�RXW�LQODWH�0DUFK��&��0��0D\R�UHFHQWO\�VSRNH�DERXW�KHU�ERRN�0HWDSK\VLFDO�2G\VVH\�LQWRWKH�0H[LFDQ�5HYROXWLRQ��)UDQFLVFR�,��0DGHUR�DQG�+LV�6HFUHW�%RRN��6SLULWLVW0DQXDO�DW�WKH�8QLYHUVLW\�RI�&DOLIRUQLD�6DQ�'LHJR¶V�&HQWHU�IRU�86�0H[LFR�6WXGLHV�7KH�WDON�LV�DYDLODEOH�DV�D�SRGFDVW�DQG�FDQ�EH�GRZQORDGHG�WKURXJK�KHU�ZHEVLWH��7KH6SDQLVK�HGLWLRQ�RI�&��0�V�ERRN��WUDQVODWHG�E\�QRWHG�0H[LFDQ�SRHW�DQG�QRYHOLVW$JXVWLQ�&DGHQD�LV�QRZ�RXW�DQG�ZLOO�EH�IRUPDOO\�SUHVHQWHG�DW�WKH�)HULD�,QWHUQDFLRQDOGHO�/LEUR�LQ�*XDGDODMDUD��0H[LFR�WKLV�IDOO��&KDUORWWH�-DFREV�ZURWH�D�SLHFH�IRU%LRJUDSKLOH�RQ�WKH�VXEMHFW�RI�KHU�UHFHQW�ERRN��-RQDV�6DON��ZKLFK�\RX�FDQ�UHDGKHUH��&DUO�5ROO\VRQ��DGYLVRU\�HGLWRU�IRU�WKH�VHULHV�+ROO\ZRRG�/HJHQGV��QRWHG�WKDWRQH�RI�WKH�QHZHVW�HQWULHV��RQ�0DGHOLQH�.DKQ��HDUQHG�D�UDYH�UHYLHZ�IURP�/LEUDU\-RXUQDO��+LV�RZQ�0DULO\Q�0RQURH�'D\�E\�'D\�ZDV�IDYRUDEO\�UHYLHZHG�LQ&+2,&(��SXEOLVKHG�E\�WKH�$PHULFDQ�/LEUDU\�$VVRFLDWLRQ��$�UHYLHZHU�KLPVHOI��&DUOUHFHQWO\�RIIHUHG�KLV�WKRXJKWV�RQ�+��:��%UDQGV¶V�QHZ�ELRJUDSK\�RI�5RQDOG�5HDJDQ�&DWK\�&XUWLV�ZRQ�D�VWURQJ�UHYLHZ�IURP�WKH�:DOO�6WUHHW�-RXUQDO�IRU�5HVWOHVV

pdfcrowd.comopen in browser PRO version Are you a developer? Try out the HTML to PDF API

$PELWLRQ��*UDFH�+DUWLJDQ��3DLQWHU��$ELJDLO�6DQWDPDULD�JDUQHUHG�SUDLVH�IURP.LUNXV�IRU�-R\��3RHW��6HHNHU��DQG�WKH�:RPDQ�:KR�&DSWLYDWHG�&��6��/HZLV��0HJDQ0DUVKDOO�JDYH�KHU�YLHZV�RQ�WKH�%LOO�(YDQV±7RQ\�%HQQHWW�FROODERUDWLRQ�RQ�WKH�VRQJ³6RPH�2WKHU�7LPH´�IRU�WKH�:DOO�6WUHHW�-RXUQDO�IHDWXUH�3OD\OLVW��<RX�FDQ�UHDG�KHUWKRXJKWV�KHUH��6WHLQEHFN�1RZ��D�ZHEVLWH�GHYRWHG�WR�HYHU\WKLQJ�-RKQ�6WHLQEDFN�UHFHQWO\�SXEOLVKHG�DQ�LQWHUYLHZ�ZLWK�:LOOLDP�6RXGHU��ZKR�LV�FXUUHQWO\�ZRUNLQJRQ�D�ERRN�DERXW�WKH�DXWKRU��<RX�FDQ�UHDG�WKH�DUWLFOH�KHUH��7%&�H[WHQGV�EHVWZLVKHV�WR�6WHYH�:HLQEHUJ�IRU�D�VSHHG\�UHFRYHU\�IURP�WKH�VWURNH�KH�VXIIHUHG�ODVWPRQWK��

6HQG�XV�\RXU�QHZV��

,Q�6WRUHV

pdfcrowd.comopen in browser PRO version Are you a developer? Try out the HTML to PDF API

,UUHSUHVVLEOH��7KH�-D]]�$JH�/LIH�RI+HQULHWWD�%LQJKDPE\�(PLO\�%LQJKDP��)DUUDU��6WUDXV�DQG�*LURX[�

6WDOLQ¶V�'DXJKWHU��7KH�([WUDRUGLQDU\DQG�7XPXOWXRXV�/LIHRI�6YHWODQD�$OOLOX\HYDE\�5RVHPDU\�6XOOLYDQ�+DUSHU�

/HRQKDUG�(XOHU��0DWKHPDWLFDO*HQLXV�LQ�WKH�(QOLJKWHQPHQWE\�5RQDOG�6��&DOLQJHU�3ULQFHWRQ�8QLYHUVLW\�3UHVV�

:HOOLQJWRQ��:DWHUORR�DQG�WKH)RUWXQHV�RI�3HDFH�����±����E\�5RU\�0XLU�<DOH�8QLYHUVLW\�3UHVV�

1RW�D�*DPH��7KH�,QFUHGLEOH�5LVH�DQG8QWKLQNDEOH�)DOO�RI�$OOHQ�,YHUVRQE\�.HQW�%DEE��$WULD�%RRNV�

0RGHO�:RPDQ��(LOHHQ�)RUG�DQG�WKH

:��(��%��'X�%RLV��$Q�$PHULFDQ,QWHOOHFWXDO�DQG�$FWLYLVWE\�6KDZQ�/HLJK�$OH[DQGHU��5RZPDQ��/LWWOHILHOG�

7KH�$OYDUH]�*HQHUDWLRQ��7KRP�*XQQ�*HRIIUH\�+LOO��7HG�+XJKHV��6\OYLD�3ODWK�DQG�3HWHU�3RUWHUE\�:LOOLDP�:RRWWHQ��/LYHUSRRO�8QLYHUVLW\�3UHVV�

$DURQ�+HQU\�RI�0LVVLVVLSSL�,QVLGH�$JLWDWRUE\�0LQLRQ�.��&��0RUULVRQ��8QLYHUVLW\�RI�$UNDQVDV�3UHVV�

7KH�*DQJ�RI�)RXU��)RXU�/HDGHUV��)RXU&RPPXQLWLHV��2QH�)ULHQGVKLSE\�%RE�6DQWRV�DQG�*DU\�,ZDPRWR��&KLQ�0XVLF�3UHVV�

7KH�6WUDQJH�&DVH�RI�(UPLQH�GH�5HLPV��$0HGLHYDO�:RPDQ�%HWZHHQ�'HPRQV�DQG�6DLQWVE\�5HQDWH�%OXPHQIHOG�.RVLQVNL�8QLYHUVLW\�RI�3HQQV\OYDQLD�3UHVV�

pdfcrowd.comopen in browser PRO version Are you a developer? Try out the HTML to PDF API

%XVLQHVV�RI�%HDXW\E\�5REHUW�/DFH\�+DUSHU�

7KH�4XLHW�0DQ��7KH�,QGLVSHQVDEOH3UHVLGHQF\�RI�*HRUJH�+��:��%XVKE\�-RKQ�+��6XQXQX�%URDGVLGH�%RRNV�

,Q�6HDUFK�RI�6LU�7KRPDV�%URZQH��7KH/LIH�DQG�$IWHUOLIH�RI�WKH�6HYHQWHHQWK&HQWXU\¶V�0RVW�,QTXLULQJ�0LQGE\�+XJK�$OGHUVH\�:LOOLDPV��:�:��1RUWRQ�

%XFNOH\�DQG�0DLOHU��7KH�'LIILFXOW)ULHQGVKLS�7KDW�6KDSHG�WKH�6L[WLHVE\�.HYLQ�0��6FKXOW]�:�:��1RUWRQ�

1DERNRY�LQ�$PHULFD��2Q�WKH�5RDG�WR�/ROLWDE\�5REHUW�5RSHU�%ORRPVEXU\�

2QH�5LJKWHRXV�0DQ��6DPXHO�%DWWOHDQG�WKH�6KDWWHULQJ�RI�WKH�&RORU�/LQHLQ�1HZ�<RUNE\�$UWKXU�%URZQH��%HDFRQ�3UHVV�

6RPH�6RUW�RI�*HQLXV��$�/LIH�RI�:\QGKDP/HZLVE\�3DXO�2.HHIIH�&RXQWHUSRLQW�

'DPH�0DJJLH�6FRWW��$�/LIH�LQ�'DQFHE\�0LFKHOOH�3RWWHU�7H[W�3XEOLVKLQJ�&RPSDQ\�

/HRQDUG�&RKHQ��6WLOO�WKH�0DQE\�&ROLQ�,UZLQ�)ODPH�7UHH�3XEOLVKLQJ�

0ROWNH�DQG�KLV�*HQHUDOV��$�6WXG\�LQ�/HDGHUVKLSE\�4XLQWLQ�%DUU\�+HOLRQ�DQG�&RPSDQ\�

7KH�&KHURNHH�.LG��:LOO�5RJHUV��7ULEDO,GHQWLW\��DQG�WKH�0DNLQJ�RI�DQ�$PHULFDQ�,FRQE\�$P\�0��:DUH��8QLYHUVLW\��3UHVV�RI�.DQVDV�

7KH�$QJHO�DQG�WKH�&DG��/RYH��/RVV�DQG6FDQGDO�LQ�5HJHQF\�(QJODQGE\�*HUDOGLQH�5REHUWV�0DFPLOODQ�

&RQVHUYDWLYH�+HURHV��)RXUWHHQ�/HDGHUV:KR�6KDSHG�$PHULFD��IURP�

pdfcrowd.comopen in browser PRO version Are you a developer? Try out the HTML to PDF API

7KH�*RGGHVV�3RVH��7KH�$XGDFLRXV/LIH�RI�,QGUD�'HYL��WKH�:RPDQ�:KR+HOSHG�%ULQJ�<RJD�WR�WKH�:HVWE\�0LFKHOOH�*ROGEHUJ�.QRSI�

%HKLQG�WKH�0DVN��7KH�/LIH�RI�9LWD6DFNYLOOH�:HVWE\�0DWWKHZ�'HQQLVRQ�6W��0DUWLQ¶V�3UHVV�

'HDQ�'L[RQ��1HJUR�DW�+RPH�0DHVWUR�$EURDGE\�5XIXV�-RQHV�-U��5RZPDQ��/LWWOHILHOG�

6WUDQJHUV�LQ�WKH�%URQ[��'L0DJJLR�0DQWOH��DQG�WKH�&KDQJLQJ�RI�WKH<DQNHH�*XDUGE\�$QGUHZ�2¶7RROH��7ULXPSK�%RRNV�

7KH�)HOORZVKLS��7KH�/LWHUDU\�/LYHV�RIWKH�,QNOLQJV��-��5��5��7RONLHQ��&��6�/HZLV��2ZHQ�%DUILHOG��&KDUOHV�:LOOLDPVE\�3KLOLS�=DOHVNL�DQG�&DURO�=DOHVNL�)DUUDU��6WUDXV�DQG�*LURX[�

7KH�5LYDO�4XHHQV��&DWKHULQH�GH¶0HGLFL��+HU�'DXJKWHU�0DUJXHULWH�GH

-HIIHUVRQ�WR�5HDJDQE\�*DUODQG�6��7XFNHU�,,,�,QWHUFROOHJLDWH�6WXGLHV�,QVWLWXWH�

6QLSHU�RI�WKH�6NLHV��7KH�6WRU\�RI�*HRUJH)UHGHULFN�³6FUHZEDOO´�%HXUOLQJ��'62�')&��')0E\�1LFN�7KRPDV�3HQ�DQG�6ZRUG�

)DQQLH�%ORRPILHOG�=HLVOHU��7KH�/LIH�DQG7LPHV�RI�D�3LDQR�9LUWXRVR�E\�%HWK�$EHOVRQ�0DFOHRG�8QLYHUVLW\�RI�,OOLQRLV�3UHVV�

�.ULV�.ULVWRIIHUVRQ��&RXQWU\+LJKZD\PDQ�E\�0DU\�*��+XUG��5RZPDQ��/LWWOHILHOG�

.HQWXFN\�0DYHULFN��7KH�/LIH�DQG$GYHQWXUHV�RI�&RORQHO�*HRUJH�0��&KLQQE\�&DUOWRQ�-DFNVRQ�8QLYHUVLW\�3UHVV�RI�.HQWXFN\�

2QH�5LJKWHRXV�0DQ��6DPXHO�%DWWOH�DQGWKH�6KDWWHULQJ�RI�WKH�&RORU�/LQH�LQ�1HZ�<RUNE\�$UWKXU�%URZQH��%HDFRQ�3UHVV�

pdfcrowd.comopen in browser PRO version Are you a developer? Try out the HTML to PDF API

9DORLV��DQG�WKH�%HWUD\DO�WKDW�,JQLWHG�D�.LQJGRPE\�1DQF\�*ROGVWRQH��/LWWOH��%URZQ�

%XVKPDVWHU��5D\PRQG�'LWPDUV�DQG�WKH�+XQW�IRU�WKH�:RUOG¶V�/DUJHVW�9LSHU�E\�'DQ�(DWKHUOH\�$UFDGH�3XEOLVKLQJ�

7KH�6HFUHW�RI�*ROI��7KH�6WRU\�RI�7RP:DWVRQ�DQG�-DFN�1LFNODXVE\�-RH�3RVQDQVNL��6LPRQ��6FKXVWHU�

7KH�&RVW�RI�&RXUDJHE\�&KDUOHV�.DLVHU�2WKHU�3UHVV�

:HOOLQJWRQ��:DWHUORR�DQG�WKH)RUWXQHV�RI�3HDFH�����±�����E\�5RU\�0XLU�<DOH�8QLYHUVLW\�3UHVV�

(LQVWHLQ¶V�'LFH�DQG�6FKU|GLQJHU¶V&DW��+RZ�7ZR�*UHDW�0LQGV�%DWWOHG4XDQWXP�5DQGRPQHVV�WR�&UHDWH�D8QLILHG�7KHRU\�RI�3K\VLFVE\�3DXO�+DOSHUQ�%DVLF�%RRNV�

5HDG\�IRU�+LOODU\"��3RUWUDLW�RI�D3UHVLGHQW�LQ�:DLWLQJE\�5RELQ�5HQZLFN�%LWHEDFN�3XEOLVKLQJ�

4XHHQ�%HH��5R[DQQH�4XLPE\��%XUW¶V%HHV��DQG�+HU�4XHVW�IRUD�1HZ�1DWLRQDO�3DUNE\�3K\OOLV�$XVWLQ��7LOEXU\�+RXVH�3XEOLVKHUV�

6HQDWRU�-DPHV�(DVWODQG��0LVVLVVLSSL¶V-LP�&URZ�'HPRFUDWE\�0DDUWHQ�=ZLHUV�/68�3UHVV�

7KH�'XNH¶V�$VVDVVLQ��([LOH�DQG�'HDWK�RI/RUHQ]LQR�GH¶�0HGLFLE\�6WHIDQR�'DOO¶$JOLR��WUDQVODWHG�E\'RQDOG�:HLQVWHLQ�<DOH�8QLYHUVLW\�3UHVV�

$OLFH�LQ�6KDQGHKODQG��6FDQGDO�DQG�6FRUQLQ�WKH�(GHOVRQ�+RUZLW]�0XUGHU�&DVHE\�0RQGD�+DOSHUQ�0F*LOO�4XHHQ¶V�8QLYHUVLW\�3UHVV�

7URXWPRXWK��7KH�7ZR�&DUHHUVRI�+XJK�&OHJJ�E\�5RQDOG�)��%RUQH�8QLYHUVLW\�3UHVV�RI�0LVVLVVLSSL�

pdfcrowd.comopen in browser PRO version Are you a developer? Try out the HTML to PDF API

$OOHQ�.OHLQ��7KH�0DQ�:KR�%DLOHG�2XWWKH�%HDWOHV��0DGH�WKH�6WRQHV��DQG7UDQVIRUPHG�5RFN��5ROOE\�)UHG�*RRGPDQ�(DPRQ�'RODQ�+RXJKWRQ�0LIIOLQ+DUFRXUW�

$JQHV�0DUWLQ��+HU�/LIH�DQG�$UWE\�1DQF\�3ULQFHQWKDO�7KDPHV��+XGVRQ�

3ODQFN��'ULYHQ�E\�9LVLRQ��%URNHQ�E\�:DUE\�%UDQGRQ�5��%URZQ�2[IRUG�8QLYHUVLW\�3UHVV�

(OL]DEHWK�,�DQG�+HU�&LUFOHE\�6XVDQ�'RUDQ�2[IRUG�8QLYHUVLW\�3UHVV�

%XFNOH\�DQG�0DLOHU��7KH�'LIILFXOW)ULHQGVKLS�7KDW�6KDSHG�WKH�6L[WLHVE\�.HYLQ�0��6FKXOW]�:�:��1RUWRQ�

%HKLQG�WKH�0DVN��7KH�/LIH�RI�9LWD6DFNYLOOH�:HVWE\�0DWWKHZ�'HQQLVRQ�6W��0DUWLQ¶V�3UHVV�

$�)OLFN�RI�WKH�)LQJHUV��7KH�&KHTXHUHG/LIH�DQG�&DUHHU�RI�-DFN�&UDZIRUGE\�0LFKDHO�%XUQV�3LWFK�3XEOLVKLQJ�

'HHSHU�WKDQ�,QGLJR��7UDFLQJ�7KRPDV0DFKHOO��)RUJRWWHQ�([SORUHU�E\�-HQQ\�%DOIRXU�3DXO�0HGLQD�3XEOLVKLQJ�

&KDUOHV�&RUP��$Q�,QWHOOHFWXDO�%LRJUDSK\RI�D�7ZHQWLHWK�&HQWXU\�/HEDQHVH�³<RXQJ3KRHQLFLDQ´E\�)UDQFN�6DODPHK��/H[LQJWRQ�%RRNV�

/RXLVD�6WXDUW�&RVWHOOR�$�1LQHWHHQWK�&HQWXU\�:ULWLQJ�/LIHE\�&ODUH�%URRPH�6DXQGHUV�3DOJUDYH�0DFPLOODQ�

)UDQN�&LRIIL��7KH�3KLORVRSKHU�LQ�6KLUW�6OHHYHVE\�'DYLG�(OOLV�(OOLV�DQG�1LFKRODV�%XQQLQ�%ORRPVEXU\�$FDGHPLF�

-DPHV�/DUNLQ�3HDUVRQ��$�%LRJUDSK\�RI1RUWK�&DUROLQD¶V�/RQJHVW�6HUYLQJ3RHW�/DXUHDWHE\�*UHJRU\�6��7D\ORU

pdfcrowd.comopen in browser PRO version Are you a developer? Try out the HTML to PDF API

7KH�0DQ�:KR�3DLQWHG�WKH�8QLYHUVH�7KH�6WRU\�RI�D�3ODQHWDULXP�LQ�WKH+HDUW�RI�WKH�1RUWK�:RRGVE\�5RQ�/HJUR�DQG��$YL�/DQN�:LVFRQVLQ�+LVWRULFDO�3UHVV�6RFLHW\�

���'D\V�%HORZ�=HUR��7KH�,QFUHGLEOH6XUYLYDO�6WRU\�RI�D�:RUOG�:DU�,,3LORW�LQ�$ODVND¶V�)UR]HQ�:LOGHUQHVVE\�%ULDQ�0XUSK\�'D�&DSR�3UHVV�

+LQDXOWE\�5XEHQ�9DQ�*XFKW�%ORRPVEXU\�86$�

)LHOG�0DUVKDO��7KH�/LIH�DQG�'HDWK�RI(UZLQ�5RPPHOE\�'DQLHO�$OOHQ�%XWOHU�&DVHPDWH�

7KH�6ROGLHUV¶�*HQHUDO��0DMRU*HQHUDO�*RXYHUQHXU�.��:DUUHQ�DQGWKH�&LYLO�:DUE\�3DXOD�:DONHU�DQG�5REHUW�*LUDUGL�6DYDV�%HDWLH�

7KH�3ULQWHU�DQG�WKH�3UHDFKHU��%HQ)UDQNOLQ��*HRUJH�:KLWHILHOG��DQG�WKH6XUSULVLQJ�)ULHQGVKLS�WKDW�,QYHQWHG$PHULFD

�/H[LQJWRQ�%RRNV�

%LVKRS�*Z\QQH��'HSXW\�&KDSODLQ�*HQHUDO�WR�WKH�%ULWLVK�$UPLHV�RQ�WKH:HVWHUQ�)URQW�GXULQJWKH�)LUVW�:RUOG�:DUE\�1HYLOOH�%HQ\RQ�+HOLRQ�DQG�&RPSDQ\�

3DGUH��3ULVRQHU�DQG�3HQ�SXVKHU��7KH�:RUOG�:DU�2QH�([SHULHQFHV�RI�WKH�5HYHUHQG�%HQMDPLQ�2¶5RUNHE\�3HWHU�+RZVRQ�+HOLRQ�DQG�&RPSDQ\�

7KH�1REOH�)ODPH�RI�.DWKHULQH�3KLOLSVE\�'DYLG�/��2UYLV�DQG�5\DQ�6LQJK�3DXO�'XTXHVQH�8QLYHUVLW\�3UHVV�

7KH�(GZDUGVHV�RI�+DOLID[��7KH�0DNLQJDQG�6HOOLQJ�RI�%HDXWLIXO�%RRNV�LQ�/RQGRQDQG�+DOLID[�����������E\�*��(��%HQWOH\�-U���8QLYHUVLW\�RI�7RURQWR�3UHVV�

&RQVWDQFH�0D\QDUG¶V�3DVVLRQV��5HOLJLRQ�6H[XDOLW\��DQG�DQ�(QJOLVK�(GXFDWLRQDO3LRQHHU������±�����E\�3DXOLQH�$��3KLSSV�8QLYHUVLW\�RI�7RURQWR�3UHVV�

pdfcrowd.comopen in browser PRO version Are you a developer? Try out the HTML to PDF API

E\�5DQG\�3HWHUVHQ�7KRPDV�1HOVRQ�

6SHFWDFOH��7KH�$VWRQLVKLQJ�/LIH�RI�2WD�%HQJDE\�3DPHOD�1HZNLUN�$PLVWDG�

=LHJIHOG�DQG�+LV�)ROOLHV��$�%LRJUDSK\RI�%URDGZD\¶V�*UHDWHVW�3URGXFHUE\�&\QWKLD�%ULGHVRQ�DQG�6DUD�%ULGHVRQ�8QLYHUVLW\�3UHVV�RI�.HQWXFN\�

6W�*HRUJH��$�6DLQW�IRU�$OOE\�6DPDQWKD�5LFKHV��5HDNWLRQ�%RRNV�

'UHDPV�WR�5HPHPEHU��2WLV�5HGGLQJ�6WD[�5HFRUGV��DQG�WKH�7UDQVIRUPDWLRQRI�6RXWKHUQ�6RXOE\�0DUN�5LERZVN\��/LYHULJKW�

7KH�0DQ�:LWKLQE\�$OLVRQ�&DUOVRQ��,QNVKDUHV�

7KH�)OHPLVK�0HUFKDQW�RI�9HQLFH�'DQLHO�1LMV�DQG�WKH�6DOH�RI�WKH*RQ]DJD�$UW�&ROOHFWLRQ

7KRPDV�7HOIRUG��0DVWHU�%XLOGHURI�5RDGV�DQG�&DQDOVE\�$QWKRQ\�%XUWRQ��3HQ�DQG�6ZRUG�

0HULZHWKHU�/HZLV��7KH�$VVDVVLQDWLRQ�RIDQ�$PHULFDQ�+HUR�DQG�WKH�6LOYHU�0LQHV�RI�0H[LFRE\�.LUD�*DOH�5LYHU�-XQFWLRQ�3UHVV�

+HQU\�9,E\�'DYLG�*UXPPLWW�5RXWOHGJH�

/XFLH�$XEUDF��7KH�)UHQFK�5HVLVWDQFH+HURLQH�:KR�'HILHG�WKH�*HVWDSRE\�6LDQ�5HHV�0LFKDHO�2¶0DUD�%RRNV�

6HDQ�0XUUD\��0DU[LVW�/HQLQLVW�DQG�,ULVK6RFLDOLVW�5HSXEOLFDQE\�6HDQ�%\HUV�,ULVK�$FDGHPLF�3UHVV�

)UHGULN�%DUWK��$Q�,QWHOOHFWXDO�%LRJUDSK\E\�7KRPDV�+\OODQG�(ULNVHQ�3OXWR�3UHVV�

%LJ�7KRXJKWV�$UH�)UHH��7KH�$XWKRUL]HG%LRJUDSK\�RI�0LODQ�3DQLF

pdfcrowd.comopen in browser PRO version Are you a developer? Try out the HTML to PDF API

E\�&KULVWLQD�$QGHUVRQ�<DOH�8QLYHUVLW\�3UHVV�

$PHULFDQ�7UDJHGLDQ��7KH�/LIH�RI(GZLQ�%RRWKE\�'DQLHO�-��:DWHUPHLHU�8QLYHUVDU\�RI�0LVVRXUL�3UHVV�

7KH�8QNQRZQ�7UDYHOV�DQG�'XELRXV3XUVXLWV�RI�:LOOLDP�&ODUNE\�-R�$QQ�7URJGRQ�8QLYHUVLW\�RI�0LVVRXUL�3UHVV�

0LQHFUDIW��6HFRQG�(GLWLRQ��7KH8QOLNHO\�7DOH�RI�0DUNXV�³1RWFK´3HUVVRQ�DQG�WKH�*DPH�7KDW�&KDQJHG�(YHU\WKLQJE\�'DQLHO�*ROGEHUJ�DQG�/LQXV/DUVVRQ��WUDQVODWHG�E\�-HQQLIHU�+DZNLQV��6HYHQ�6WRULHV�3UHVV�

7KH�'RXEOH�/LIH�RI�)LGHO�&DVWUR��7KH+LGGHQ�:RUOG�RI�&XED¶V�*UHDWHVW�/HDGHUE\�-XDQ�6DQFKH]�$PEHUOH\�

6XQGLDO�LQ�WKH�6KDGH��7KH�6WRU\�RI%DUU\�5LFKDUGV��WKH�*HQLXV�/RVW�WR7HVW�&ULFNHW

E\�0DUN�$[HOURG�3HWHU�/DQJ�3XEOLVKLQJ�

7RWWV��)URP�WKH�.RS�WR�WKH�.HOSLHV��7KH�$OH[�7RWWHQ�6WRU\�E\�-HII�+ROPHV��3LWFK�3XEOLVKLQJ�

7KHD�$VWOH\��,QYHQWLQJ�+HU�2ZQ�:HDWKHUE\�.DUHQ�/DPE�8QLYHUVLW\�RI�4XHHQVODQG�3UHVV�

7KH�3K\VLFLVW��WKH�3KLORVRSKHU��(LQVWHLQ�%HUJVRQ��DQG�WKH�'HEDWH�WKDW�&KDQJHG2XU�8QGHUVWDQGLQJ�RI�7LPHE\�-LPHQD�&DQDOHV�3ULQFHWRQ�8QLYHUVLW\�3UHVV�

+HQU\�*HRUJH�DQG�WKH�&ULVLV�RI,QHTXDOLW\��3URJUHVV�DQG�3RYHUW\�LQ�WKH�*LOGHG�$JHE\�(GZDUG�7��2¶'RQQHOO��&ROXPELD�8QLYHUVLW\�3UHVV�

6KDNHVSHDUH�DQG�WKH�&RXQWHVV��7KH�%DWWOHWKDW�*DYH�%LUWK�WR�WKH�*OREHE\�&KULV�/DRXWDULV�3HJDVXV�

pdfcrowd.comopen in browser PRO version Are you a developer? Try out the HTML to PDF API

E\�$QGUHZ�0XUWDJK��3LWFK�3XEOLVKLQJ�

/LYLQJ�/DUJH��:LOQD�+HUYH\�DQG�1DQ�0DVRQE\�-RVHSK�3��(FNKDUGW��:RRGVWRFN�$UWV�

%ULDQ�'H�3DOPD¶V�6SOLW�6FUHHQ��$�/LIH�LQ�)LOPE\�'RXJODV�.HHVH\�8QLYHUVLW\�3UHVV�RI�0LVVLVVLSSL�

3XUH�,QWHOOLJHQFH��7KH�/LIH�RI�:LOOLDP+\GH�:ROODVWRQ�E\�0HOY\Q�&��8VVHOPDQ��8QLYHUVLW\�RI�&KLFDJR�3UHVV�

3HJ�3OXQNHWW��0HPRLUV�RI�D�:KRUH�E\�-XOLH�3HDNPDQ�4XHUFXV�3XEOLVKLQJ�

-HUHP\�+XWFKLQVRQ¶V�&DVH�+LVWRULHV�)URP�/DG\�&KDWWHUOH\¶V�/RYHU�WR+RZDUG�0DUNVE\�7KRPDV�*UDQW�-RKQ�0XUUD\�3XEOLVKHUV�

pdfcrowd.comopen in browser PRO version Are you a developer? Try out the HTML to PDF API

3DSHUEDFN

+RWHO�)ORULGD��7UXWK��/RYH��DQG�'HDWKLQ�WKH�6SDQLVK�&LYLO�:DUE\�$PDQGD�9DLOO�3LFDGRU�

2Q�6RPH�)DUDZD\�%HDFK��7KH�/LIHDQG�7LPHV�RI�%ULDQ�(QRE\�'DYLG�6KHSSDUG

5HG�&ORXG��2JODOD�/HJHQGE\�-RKQ�'��0F'HUPRWW�6RXWK�'DNRWD�+LVWRULFDO�3UHVV�

7KH�6S\�:KR�&KDQJHG�7KH�:RUOG�.ODXV�)XFKV�DQG�WKH�6HFUHWV�RI�WKH1XFOHDU�%RPEE\�0LNH�5RVVLWHU

pdfcrowd.comopen in browser PRO version Are you a developer? Try out the HTML to PDF API

�2ULRQ�

3HWHU�2¶7RROH��+HOOUDLVHU��6H[XDO2XWODZ��,ULVK�5HEHOE\�'DUZLQ�3RUWHU�DQG�'DQIRUWK�3ULQFH�%ORRG�0RRQ�3URGXFWLRQV�

7KH�/DZ\HU�RI�WKH�&KXUFK��%LVKRS&OHPHQWH�GH�-HV~V�0XQJXtD�DQG�WKH&OHULFDO�5HVSRQVH�WR�WKH�0H[LFDQ/LEHUDO�5HIRUPDE\�3DEOR�0LMDQJRV�\�*RQ]DOH]�8QLYHUVLW\�RI�1HEUDVND�3UHVV�

7KH�:RRGYLOOHV��7KH�:DUV�RI�WKH5RVHV�DQG�(QJODQG¶V�0RVW�,QIDPRXV�)DPLO\E\�6XVDQ�+LJJLQERWKDP�7KH�+LVWRU\�3UHVV�

7KH�0DS�7KLHI��7KH�*ULSSLQJ�6WRU\�RIDQ�(VWHHPHG�5DUH�0DS�'HDOHU�:KR0DGH�0LOOLRQV�6WHDOLQJ�3ULFHOHVV�0DSVE\�0LFKDHO�%ODQGLQJ�*RWKDP�

5LFKDUG�,,,�E\�'DYLG�%DOGZLQ��$PEHUOH\�

/XGPLOD�8OLWVND\D�DQG�W

�+HDGOLQH�%RRN�3XEOLVKLQJ�

-DPHV�,,E\�&KULVWLQH�0F*ODGGHU\��-RKQ�'RQDOG�6KRUW�5XQ�3UHVV�

,Q�7ZR�0LQGV��$�%LRJUDSK\�RI�-RQDWKDQ�0LOOHUE\�.DWH�%DVVHWW�2EHURQ�%RRNV�

%UDQGR¶V�6PLOH��+LV�/LIH��7KRXJKW��DQG�:RUNE\�6XVDQ�/��0L]UXFKL���:�:��1RUWRQ�

0DLPRQLGHV��/LIH�DQG�7KRXJKWE\�0RVKH�+DOEHUWDO���3ULQFHWRQ�8QLYHUVLW\�3UHVV�

4XHHQ�9LFWRULD��$�/LIH�RI�&RQWUDGLFWLRQV�E\�0DWWKHZ�'HQQLVRQ��6W��0DUWLQ¶V�*ULIILQ�

6KDFNOHWRQ��$�/LIH�LQ�3RHWU\E\�-LP�0D\HU���6LJQDO�%RRNV�

1DWKDQLHO¶V�1XWPHJ��RU��7KH�7UXH�DQG,QFUHGLEOH�$GYHQWXUHV�RI�WKH�6SLFH7UDGHU�:KR�&KDQJHG�WKH�&RXUVH�RI

pdfcrowd.comopen in browser PRO version Are you a developer? Try out the HTML to PDF API

KH�$UW�RI�7ROHUDQFHE\�(OL]DEHWK�6NRPS�DQG%HQMDPLQ�0��6XWFOLIIH�8QLYHUVLW\�RI�:LVFRQVLQ�3UHVV�

&KXUFKLOO��7KH�3URSKHWLF�6WDWHVPDQ�E\�-DPHV�&��+XPHV�5HJQHU\�+LVWRU\�

+HQU\�:DGVZRUWK�/RQJIHOORZ�LQ3RUWODQGE\�-RKQ�:LOOLDP�%DELQ�7KH�+LVWRU\�3UHVV�

3HWDOV�DQG�%XOOHWV��'RURWK\�0RUULV²1HZ�=HDODQG�1XUVH�LQ�WKH�6SDQLVK�&LYLO�:DUE\�0DUN�'HUE\�6XVVH[�$FDGHPLF�3UHVV�

-RKQ�:HVOH\��7KH�0DQ��+LV�0LVVLRQDQG�+LV�0HVVDJHE\�'DYLG�0DOFROP�%HQQHWW��5KL]D�3UHVV�

$�0DQ�IRU�$OO�6HDVRQV��0RQURH6ZHHWODQG�DQG�WKH�/LEHUDO�3DUDGR[E\�:LOOLDP�5REELQV�2UHJRQ�6WDWH�8QLYHUVLW\�3UHVV�

)DU�$ERYH�5XELHV��7KH�/LIH�RI�

+LVWRU\E\�*LOHV�0LOWRQ�3LFDGRU�

$DURQVRKQ¶V�0DSV��7KH�0DQ�:KR0LJKW�+DYH�&UHDWHG�3HDFH�LQ�WKH0RGHUQ�0LGGOH�(DVWE\�3DWULFLD�*ROGVWRQH���&RXQWHUSRLQW�

7UHYRU�)RUG��7KH�$XWKRULVHG�%LRJUDSK\E\�1HLO�3DOPHU�$PEHUOH\�

%XULHG�LQ�WKH�0DSOH�/HDYHV��7KH�8QWROG6WRU\�RI�1RUWK�$PHULFDQ�:UHVWOLQJ/HJHQG�+DUU\�*HULVE\�6KDZQ�*HULV�7DWH�3XEOLVKLQJ�

/LEHUW\¶V�$SRVWOH��5LFKDUG�3ULFH��+LV/LIH�DQG�7LPHV�E\�3DXO�)UDPH��8QLYHUVLW\�RI�:DOHV�3UHVV�

�7KH�7VDUQDHY�%URWKHUV��7KH�5RDG�WR�D0RGHUQ�7UDJHG\�E\�0DVKD�*HVVHQ�6FULEH�3XEOLFDWLRQV�

6FDOLD��$�&RXUW�RI�2QH

pdfcrowd.comopen in browser PRO version Are you a developer? Try out the HTML to PDF API

%HWKDQ�/OR\G�-RQHV�E\�/\QHWWH�*��&ODUN�&KULVWLDQ�)RFXV�

&ORXGV�RI�*ORU\��7KH�/LIH�DQG�/HJHQGRI�5REHUW�(��/HHE\�0LFKDHO�.RUGD��+DUSHU�3HUHQQLDO�

,Q�WKH�)RRWVWHSV�RI�$QQH�%ROH\QE\�6DUDK�0RUULV�DQG1DWDOLH�*UXHQLQJHU�$PEHUOH\�

7KH�0RUHQFL�0DULQHV��$�7DOH�RI�6PDOO7RZQ�$PHULFD�DQG�WKH�9LHWQDP�:DUE\�.\OH�/RQJOH\�8QLYHUVLW\�3UHVV�RI�.DQVDV�

³3DGGLQJWRQ´�3ROODN\��3ULYDWH'HWHFWLYH��7KH�0\VWHULRXV�/LIH�DQG7LPHV�RI�WKH�5HDO�6KHUORFN�+ROPHVE\�%U\DQ�.HVVHOPDQ�7KH�+LVWRU\�3UHVV�

7KH�0DQ�:KR�:DV�-HN\OO�DQG�+\GH�7KH�/LYHV�DQG�&ULPHV�RI'HDFRQ�%URGLHE\�5LFN�:LOVRQ�7KH�+LVWRU\�3UHVV�

E\�%UXFH�$OOHQ�0XUSK\���6LPRQ��6FKXVWHU�

+HQU\�0RUJHQWKDX��-U���7KH5HPDUNDEOH�/LIH�RI�)'5¶V�6HFUHWDU\�RIWKH�7UHDVXU\E\�+HUEHUW�/HY\���6N\KRUVH�3XEOLVKLQJ�

9LFWRULD��$�/LIHE\�$��1��:LOVRQ�$WODQWLF�%RRNV�

7KH�7HUURU�RI�7REHUPRU\E\�5LFKDUG�%DNHU�%LUOLQQ�/WG��

7KH�/LIH�DQG�$UW�RI�-DFN�$NUR\GE\�3HWHU�%XVE\��0RWKHU�7RQJXH�3XEOLVKLQJ�

$PHULFDQ�&UXFLIL[LRQ��7KH�0XUGHU�RI-RVHSK�6PLWK�DQG�WKH�)DWH�RI�WKH0RUPRQ�&KXUFKE\�$OH[�%HDP���3XEOLF$IIDLUV�

7KH�+ROOLHV��7KH�5RDG�LV�/RQJ��7KH)LUVW�)XOO�%LRJUDSK\�RI�2QH�RI�WKH�8.¶V0RVW�6XFFHVVIXO�%DQGVE\�%ULDQ�6RXWKDOO

pdfcrowd.comopen in browser PRO version Are you a developer? Try out the HTML to PDF API

:DUULRU��$�/HJHQGDU\�/HDGHU¶V'UDPDWLF�/LIH�DQG�9LROHQW�'HDWK�RQWKH�&RORQLDO�)URQWLHUE\�/LEE\�&RQQRUV��$OOHQ��8QZLQ�

-RKQ�4XLQF\�$GDPV�$PHULFDQ�9LVLRQDU\E\�)UHG�.DSODQ��+DUSHU�3HUHQQLDO�

0RFKL¶V�:DU��7KH�7UDJHG\�RI6DQG�&UHHNE\�&KULV�(QVV�DQG�+RZDUG�.D]DQMLDQ�7ZR'RW�

*HRUJLD�2¶.HHIIHE\�1DQF\�-��6FRWW�5HDNWLRQ�%RRNV�

-RKQ�5XVNLQE\�$QGUHZ�%DOODQW\QH�5HDNWLRQ�%RRNV�

8YHGDOH�3ULFH������±�����E\�&KDUOHV�:DWNLQV�DQG�%HQ�&RZHOO�%R\GHOO�3UHVV�

(UDVPXV��0DQ�RI�/HWWHUV��7KH&RQVWUXFWLRQ�RI�&KDULVPD�LQ�3ULQWE\�/LVD�-DUGLQH

�5HG�3ODQHW�

7KH�3ULFH�RI�&RQVFLHQFH��+RZDUG�1RHO1DQNLYHOO�DQG�/DERXU�8QUHVW�LQ�WKH%ULWLVK�&DULEEHDQ�LQ������DQG�����E\�%ULQVOH\�6DPDURR��+DQVLE�3XEOLFDWLRQV�

0HUF\�:LWKLQ�0HUF\��*HRUJHV�DQG3DXOLQH�9DQLHU�DQG�WKH�6HDUFK�IRU�*RGE\�0DU\�)UDQFHV�&RDG\�'DUWRQ��/RQJPDQ��7RGG�/WG�

7KH�6OHGJHKDPPHU�3DVWRU�'DQLHO�+XJKHV������±�����E\�,YRU�7KRPDV�5HHV�<�/ROID�

7KH�/DVW�%ODVNHW�.LQJ�3DGUDLJ�2&DWKDLQ��$Q�5L�E\�*HUDOG�+D\HV�DQG�(OL]D�.DQH�&ROOLQV�3UHVV�

:KLWH\E\�*HUDUG�2¶1HLOO�DQG�'LFN�/HKU��(EXU\�3UHVV�

pdfcrowd.comopen in browser PRO version Are you a developer? Try out the HTML to PDF API

�3ULQFHWRQ�8QLYHUVLW\�3UHVV�

$PDQXHQVLV$PDQXHQVLV��$�SHUVRQ�ZKRVH�HPSOR\PHQW�LV�WR�ZULWH�ZKDW�DQRWKHU�GLFWDWHV��RU�WRFRS\�ZKDW�DQRWKHU�KDV�ZULWWHQ��6RXUFH��:HEVWHUV�5HYLVHG�8QDEULGJHG�'LFWLRQDU\�������

«,�NQXFNOHG�GRZQ�WR�WKH�H[SORUDWLRQ�RI�DUFKLYHV��VSHQGLQJWLPH�LQ�ZKDW�+HQU\�-DPHV�FDOOHG�³WKH�YLVLWDEOH�SDVW�´UHDGLQJ�WKH�WDQJLEOH�SULQWHG�GRFXPHQWV�ZLWK�LQNLQVFULSWLRQV��8VLQJ�D�PDJQLI\LQJ�JODVV�WR�VFUXWLQLVH+D\ZDUG¶V�OHWWHUV��,�GHFLSKHUHG�KLV�KDQGZULWLQJ�LQ�KLVSULYDWH�SDSHUV�KHOG�DW�WKH�8OVWHU�)RON�DQG�7UDQVSRUW0XVHXP��/HWWHUV�DUH�UHYHDOLQJ�EHFDXVH�DXWKRUV�XQEXUGHQWKHPVHOYHV�ZLWK�D�GLUHFWQHVV�WKDW�DGGV�DXWKHQWLFLW\�+D\ZDUG¶V�WUXH�YRLFH²KLV�KXPRXU��DQJHU��LUDVFLELOLW\�DQGLPSDWLHQFH²FRPHV�DFURVV������7KH�KLJKOLJKW�RI�WKH�DUFKLYH�ZDV�ILQGLQJ�KLV�WUDYHOQRWHERRNV��/HDILQJ�WKURXJK�KLV�RULJLQDO�UHVHDUFK�QRWHVFUHDWHG�D�IULVVRQ�RI�H[FLWHPHQW��6WXG\LQJ�KLV�PHWKRGRORJ\DOORZHG�PH�WR�VHH�KRZ�KH�WUDQVIRUPHG�KLV�MRWWLQJV�LQWRIOXLG�SURVH�DQG�ZKHUH�LGHDV�FDPH�IURP��$�ZULWHU¶VQRWHERRN��LW�LV�RIWHQ�VDLG��LV�D�³MXQN\DUG�RI�WKH�PLQG´�

pdfcrowd.comopen in browser PRO version Are you a developer? Try out the HTML to PDF API

DQG�KLV�QRWHERRNV�GUHZ�PH�LQWR�KLV�RUELW��6HHLQJ�WKHLQLWLDO�QLEEOH�QRWHV²WKH�UHSRVLWRULHV�RI�KLV�RQ�WKH�VSRWH[SHULHQFH²PDGH�LQ�VFUDZOLQJ�ZULWLQJ��KLV�FRUUHFWLRQV�VFULEEOHV��SHQFLO�GRRGOHV��EUDFNHWHG�DVLGHV�DQG�ZKLPVLFDOFRPPHQWV�EURXJKW�KLP�WRXFKDEO\�FORVH��7KH\�SURYLGHG�QRWRQO\�D�SRUWDO�LQWR�KLV�WKRXJKW�SURFHVVHV�EXW�DOVR�WKH�IXOOVHQVRU\�H[SHULHQFH��+DQGOLQJ�WKHP��VPHOOLQJ�WKH�SDSHU�DQGLQN��DQG�ZRQGHULQJ�ZK\�KH�FKRVH�FHUWDLQ�SKUDVHV�IHOW�OLNHVOLSSLQJ�RXW�RI�OLQHDU�WLPH�LQWR�D�SDUDOOHO�ZRUOG�LQ�WKHFRPSDQ\�RI�WKH�PDQ�ZKR�ZURWH�WKHP�VHYHQW\�\HDUV�DJR�>PRUH@

3DXO�&OHPHQW��³:KDW�*RHV�LQ�WR�:ULWLQJ�D�%LRJUDSK\"�)LYH<HDUV�RI�<RXU�/LIH�IRU�D�6WDUW´

,�ZRXOG�OLNH�WR�WKLQN�WKDW�,¶P�QRW�LGHRORJLFDOO\�RULHQWHG�,�FRQVLGHU�5HDJDQ�DQG�)'5�WR�EH�D�PDWFKHG�VHW��:LWK�WKH)UDQNOLQ�5RRVHYHOW�ERRN��WKH�SRLQW�,�WULHG�WR�PDNH�LV�WKDWWKH�1HZ�'HDO�ZDV�D�ELJ�GHDO��,�GRQ¶W�VD\�DQ\ZKHUH�LQ�WKHERRN�WKDW�LW�ZDV�D�JRRG�GHDO�RU�D�EDG�GHDO��,�OHDYH�LW�WRUHDGHUV�WR�GHWHUPLQH�ZKHWKHU�WKH\�OLNH�ZKDW�5RRVHYHOW�ZDVWU\LQJ�WR�DFFRPSOLVK��EXW�,�WU\�WR�XQGHUOLQH�WKDW�LW�ZDVLPSRUWDQW��,�GLG�WKH�VDPH�WKLQJ�ZLWK�5HDJDQ��,�H[SODLQ5HDJDQ¶V�SROLFLHV��,�H[SODLQ�KLV�UHDVRQLQJ��,�JLYH�SOHQW\RI�DLU�WLPH�WR�KLV�FULWLFV��EXW�,�GRQ¶W�VD\��5HDJDQ�ZDVULJKW�KHUH��5HDJDQ�ZDV�ZURQJ�WKHUH��:KDW�,�UHDOO\�WU\�WRGR�LV�PDNH�5HDJDQ�XQGHUVWDQGDEOH�WR�RXU�FXUUHQWJHQHUDWLRQ��0\�DSSURDFK�LV�GLIIHUHQW�WKDQ�D�ORW�RI�RWKHU

pdfcrowd.comopen in browser PRO version Are you a developer? Try out the HTML to PDF API

ELRJUDSKHUV�DQG�KLVWRULDQV�ZKR�ZRXOG�ZDQW�WR�ZHLJK�LQ�RQZKHWKHU�5HDJDQ�ZDV�D�JRRG�JX\�RU�D�EDG�JX\«�,¶P�WU\LQJ�WRWHOO�WKH�VWRU\�RI�WKH�HYROXWLRQ�RI�$PHULFD��(DFK�ELRJUDSK\LV�D�OLIH�LQ�WLPH��DQG�,�FDQ�VHH�WKHUH¶V�D�SDUWLFXODU�WDVNIRU�HDFK�JHQHUDWLRQ�WKDW�,�ZULWH�DERXW��>PRUH@�

³7KH�5RUVFKDFK�3UHVLGHQW��$�4$�ZLWK�5HDJDQ�%LRJUDSKHU+��:��%UDQGV´

7KLV�HPDLO�ZDV�VHQW�WR���7R�HQVXUH�WKDW�\RX�FRQWLQXH�UHFHLYLQJ�RXU�HPDLOV��SOHDVH�DGG�XV�WR�\RXU�DGGUHVV�ERRN�RU�VDIH�OLVW�

PDQDJH�\RXU�SUHIHUHQFHV�_�RSW�RXW�XVLQJ�7UXH5HPRYH�

6XEVFULEH�WR�RXU�HPDLO�OLVW