Annual 1 -Real Patidar Emails -Comprehensive Edition -2010 -Part 1 of 2 by Real Patidar

Real Patidar Emails Comprehensive Edition -------------------------------------------------------------------------------------------------------------------------------------------------------------------------

ZĞĂů WĂƚŝĚĂƌ ŵĂŝůƐ ^ ]_ XhN Uh^Wh :\q_B ŽŵƉƌĞŚĞŶƐŝǀĞ ĚŝƚŝŽŶ ƥ]hXD d5ƨD^R

ac½͗ zxyx

zĞĂƌ ϮϬϭϬ

E5P y

sŽůƵŵĞ ϭ

ZĞĂů WĂƚŝĚĂƌ͙ Ă ŵŽǀĞŵĞŶƚ ďǇ ŽƌĚŝŶĂƌǇ ƉĞŽƉůĞ ^ ]_ XhN Uh^͘͘͘ dh\hƛ] _sDsȵk ?D 7 []hW 5

ĐŽŵƉƌĞŚĞŶƐŝǀĞ ĐŽůůĞĐƚŝŽŶ ŽĨ ĞĚƵĐĂƚŝǀĞ ĂŶĚ ŝŶĨŽƌŵĂƚŝǀĞ ĞŵĂŝůƐ͕ ŽŶ ƐŽĐŝĂů ĂŶĚ ƌĞůŝŐŝŽƵƐ ŚŝƐƚŽƌǇ ŽĨ ^Śƌŝ ŬŚŝů ŚĂƌĂƚŝǇĂ <ĂĐŚĐŚŚ <ĂĚǀĂ WĂƚŝĚĂƌ ^ĂŵĂũ͕ ĨŽƌ ƚŚĞ ďĞŶĞĨŝƚ ŽĨ ŝƚƐ ŽƌĚŝŶĂƌǇ ŵĞŵďĞƌƐ͘ 7 E_ [h^Sj] DƍJ DPah XhN Uh^ d\hKWh Vhi\ D 7Wp dh\h KD 9iSehdWh Zh^h\h5͕ d\hKWh KW dhVh^R aF½Wh eShT±͕ \h eSj 8XSh5 7Wp ĤFȿkDSh aVh^Sh5 :\q_Bȵk ƥ]hXD d5 5 ƨD^R͘

------------------------------------------------------------------------------------------------------------------------------------------------------------------------Volume 1 Page 1 of 578 Year: 2010

This page is intentionally left blank

̆p^Rh ̒sS͘͘͘ ^ŽƵƌĐĞ ŽĨ /ŶƐƉŝƌĂƚŝŽŶ͙͘

dŚŝƐ ŝŵĂŐĞ ŝƐ ǀĞƌǇ ƐƉĞĐŝĂů͘ /ƚƐ ǀĞƌǇ ŝŶƐƉŝƌĂƚŝŽŶĂů͘ dŚĞ ŝŵĂŐĞ ĚĞƉŝĐƚƐ ƚŚĞ ŵŝŐŚƚǇ ƐƚƌĞŶŐƚŚ ŽĨ >ŽƌĚ sŝƐŚŶƵ ĂŶĚ ƚŚĞ ďůĞƐƐŝŶŐƐ ŽĨ DĂĂ >Ăǆŵŝ͘ dŚĞ ĞǆƉƌĞƐƐŝŽŶ ŽŶ ƚŚĞ ĨĂĐĞ ŽĨ >ŽƌĚ sŝƐŚŶƵ ŐŝǀĞƐ ŝŶŶĞƌ ƐƚƌĞŶŐƚŚ ƚŽ ŵĞ͘ 8 Í ZɆk 5 Ehd Jp ͘ ? ̆p^Rh Uh]D Jp ͘ 8 ̆iS\h 8XRWp [FahW iaƧȰkWh \ehb ƈSB ȵk 8[hd D^hap 5 Jp Sp\K 8XRWp \hSh _Ǜ\jWh 8bjah½Uȵk XR 5 ̆SjSj D^hap Jp ͘ [FahW iaƧȰkWh Ipe^hWh [has Tj \Wp ӕS ^D b ƈS \`p Jp ͘

This page is intentionally left blank

k h^D͕ ̒j Wh^h]Rĥ ^h\ĥ _ӄZhRj 8Č d\hK ɅV ĂĚŚǇĂ ^ĂŵĂũ ^ƵĚŚĂƌŬ͕ ^Śƌŝ EĂƌĂǇĂŶũŝ ZĂŵũŝ >ŝŵďĂŶŝ

ŐƌĞĂƚ ǀŝƐŝŽŶĂƌǇ ĂŶĚ ƐŽĐŝŽͲƌĞůŝŐŝŽƵƐ ĂĐƚŝǀŝƐƚ͘ dŚĂŶŬƐ ƚŽ ŚŝƐ ĞĨĨŽƌƚƐ ƚŚĂƚ ǁĞ ƌĞĂůŝƐĞĚ ĂďŽƵƚ ŽƵƌ ŐƌĞĂƚ ^ĂŶĂƚĂŶ ;,ŝŶĚƵͿ ƌĞůŝŐŝŽŶ ĂŶĚ ƚŚĞ ŚŝƐƚŽƌǇ ŽĨ ŽƵƌ ŽŵŵƵŶŝƚǇ͘ ,Ğ ǁĂƐ ƚŚĞ ƉŝŽŶĞĞƌ ŽĨ ƚŚĞ ƌĞůŝŐŝŽͲƐŽĐŝŽͲĞĐŽŶŽŵŝĐ ƌĞǀŽůƵƚŝŽŶ ŝŶ ŽƵƌ ĐŽŵŵƵŶŝƚǇ͘ ?D \ehW ȳl ^Ub Sp\K \ehW d\hK 7Wp V\½ dpaD͘ Sp\Wh 7ThF ̆]ƗWsWh Dh^RpK 8XRWp 8XRs \ehW dWhSW V\½ 7Wp ìhiSWh 9iSehdWj ̆SjiS T:͘ ìhiS\h5 Vhi\ D͕ dh\h KD 7Wp 8T D ˲h5iS _haahah`h Xe°_h5 7˴Rj͘

This page is intentionally left blank

aj^ ìhiS dpaD͕ ̒j ^SWbj[h: Ej\ĥ[h: EpShRj sĞĞƌ 'ŶĂƚŝ ^ĞǀĂŬ͕ ^Śƌŝ ZĂƚĂŶƐŚŝďŚĂŝ <ŚŝŵũŝďŚĂŝ <ŚĞƚĂŶŝ

dŚĞ ŵŽƐƚ ĚĞĚŝĐĂƚĞĚ ĂŶĚ Ă ŐƌĞĂƚ ƉĞƌƐŽŶ͕ ǁŚŽ ƐĂĐƌŝĨŝĞĚ ŚŝƐ ůŝĨĞ ĂŶĚ ǁĞĂůƚŚ ĨŽƌ ƚŚĞ ŶŽďůĞ ĐĂƵƐĞ ŽĨ ŽƵƌ ŽŵŵƵŶŝƚǇ ĂŶĚ ^ĂŵĂũ͘ Ǉ ŚŝƐ ǁŽƌŬ͕ ŚĞ ǁĂƐ ƌĞƐƉŽŶƐŝďůĞ ĨŽƌ ŽǀĞƌůŽŽŬŝŶŐ ĂŶĚ ĞŶƐƵƌŝŶŐ ƚŚĂƚ ƚŚĞ ŽŵŵƵŶŝƚǇ ƐƵĐĞƐƐĨƵůůǇ ƌĞͲĞŵďƌĂĐĞƐ ^ĂŶĂƚĂŶ ,ŝŶĚƵ ZĞůŝŐŝŽŶ ĂŶĚ ƌĞƚƵƌŶƐ ƚŽ ƚŚĞ ƌŽŽƚƐ ŽĨ ŝƚƐ ĂŶĐĞƐƚŽƌƐ͘ dŚĂŶŬƐ ƚŽ Śŝŵ ƚŚĂƚ ƚŽĚĂǇ ǁĞ ĚŽ ŶŽƚ ĨŽůůŽǁ ^ĂƚƉĂŶƚŚ ƌĞůŝŐŝŽŶ͘ d\hK 7Wp ìhiS \hN° XsShȵk ĥaW 7Wp 5 i\_DSsWs [sF 8Xahah`h ?D dhIh 7T½\h5 d\iX S 7Wp \ehW ƥ] ƈS͘ XsSh\h5 D\½ Ďh^h͕ ìhiS dY`Sh ȶ la½D dWhSW e ȳk V\½Ws ӔFjDh^ D^ 7Wp XsShWh k 5 iWiĔS D^Wh^ \ehȵk[ha͘ ȶ la½KsWh Ⱥ l` d\ĥ bD° Spɂ͕ Ʌk 8X Wh esS Ss D°UhI 8Ȑ 8XRp dɆk dSX5T V\½ Xh`Sh esS͘

This page is intentionally left blank

8 ˴5T d\iX S Jp ͘͘͘ dŚŝƐ ďŽŽŬ ŝƐ ĚĞĚŝĐĂƚĞĚ ƚŽ͙ d5S ̒j BVa^h\ \eh^hK ^ĂŶƚ ^Śƌŝ KĚŚĂǀƌĂŵ DĂŚĂƌĂũ

ƚƌƵĞ ƐĂŝŶƚ͕ Ă ŚĞĂǀĞŶůǇ ƐŽƵů͘ ,ŝƐ ƵŶƐĞůĨŝƐŚ ǁŽƌŬ ĨŽƌ ƚŚĞ ĐĂƵƐĞ ŽĨ ^ĂŶĂƚĂŶ ŚĂƌŵ͕ ďƌŝŶŐƐ ƚĞĂƌƐ ŝŶ ƚŚĞ ĞǇĞƐ ŽĨ ƉĞŽƉůĞ͘ ,Ğ ǁĂƐ ƚŚĞ ƉĞƌƐŽŶ ǁŚŽ ŐĂǀĞ ƚŚĞ ƐƚƌĂƚĞŐǇ ĂŶĚ ƚŚĞ ŝĚĞĂ ƚŽ ďƌĞĂŬ ĨƌĞĞ ƚŚĞ ĨƌŽŵ ƚŚĞ ƐƚƌŽŶŐ ƐŚĂĐŬůĞƐ ŽĨ ^ĂƚƉĂŶƚŚ ƌĞůŝŐŝŽŶ͘ KƵƌ ^ĂŵĂũ ŝƐ ŚĞĂǀŝůǇ ŝŶĚĞďƚĞĚ ƚŽ ƚŚŝƐ ŐƌĞĂƚ ĂŶĚ ƚƌƵĞ ƐĂŝŶƚ͘ Ɛ ŝĨ ŚĞ ǁĂƐ ďŽƌŶ ŽŶůǇ ĨŽƌ ƚŚĞ ƵƉůŝĨƚŵĞŶƚ ŽĨ ŽƵƌ ĐŽŵŵƵŶŝƚǇ͘ ?D dhIh d5S 7Wp Uµ aj 8Ɨ\h͘ dWhSW V\½ \hN° iWƨahT½ dpahWj ̆SjS \h́Tj _sDsWj ӕEs [^h: 8ap Jp ͘ dSX5T V\½Wj \KȸkS XDP SsP Wp ìhiSWp dWhSW V\½ S^Y ah`ahWj ^RWjiS 8XWh^ 8K \ehW d5S Jp ͘ 8XRs d\hK 8 \ehW d5SWs dUh]\hN° =Rj ^ebp͘ ĤRp 8XRj ìhiSWh dpah \hN° K 8 \ehW d5SWs Kƛ\ _jVs eSs͘

This page is intentionally left blank

^ ]_ XhN Uh^Wh :\q_B

id^ d͕ 7ƛ] :\q_ ;B͘:͘Ϳ 7Wp ʎkX :\q_ ;ĥ͘:͘Ϳ de S

ƥ]hXD d5ƨD^R ac½͗ zxyx E5P y

ZĞĂů WĂƚŝĚĂƌ ŵĂŝůƐ ŝŶĐůƵĚŝŶŐ ^ĞƌŝĞƐ͕ KƚŚĞƌ ŵĂŝůƐ ;K Ϳ ĂŶĚ 'ƌŽƵƉ ŵĂŝůƐ ;' Ϳ ŽŵƉƌĞŚĞŶƐŝǀĞ ĚŝƚŝŽŶ zĞĂƌ ϮϬϭϬ sŽůƵŵĞ ϭ

ZĞĂů WĂƚŝĚĂƌ ŽŽŬƐ Ă ΗZĞĂů WĂƚŝĚĂƌ DŽǀĞŵĞŶƚΗ ŝŶŝƚŝĂƚŝǀĞ

ůů ƌŝŐŚƚƐ ƌĞƐĞƌǀĞĚ͘ EŽ ƉĂƌƚ ŽĨ ƚŚŝƐ ƉƵďůŝĐĂƚŝŽŶ ŵĂǇ ďĞ ƌĞƉƌŽĚƵĐĞĚ Žƌ ƚƌĂŶƐŵŝƚƚĞĚ͕ ŝŶ ĂŶǇ ĨŽƌŵ Žƌ ďǇ ĂŶǇ ŵĞĂŶƐ͕ ǁŝƚŚŽƵƚ ƉĞƌŵŝƐƐŝŽŶ͘ ŶǇ ƉĞƌƐŽŶ ǁŚŽ ĚŽĞƐ ĂŶǇ ƵŶĂƚŚŽƌŝƐĞĚ ĂĐƚ ŝŶ ƌĞůĂƚŝŽŶ ƚŽ ƚŚŝƐ ƉƵďůŝĐĂƚŝŽŶ ŵĂǇ ďĞ ůŝĂďůĞ ƚŽ ĐƌŝŵŝŶĂů ƉƌŽƐĞĐƵƚŝŽŶ ĂŶĚ Đŝǀŝů ĐůĂŝŵƐ ŽĨ ĚĂŵĂŐĞƐ͘

ZĞĂů WĂƚŝĚĂƌ ŵĂŝůƐ ŽŵƉƌĞŚĞŶƐŝǀĞ ĚŝƚŝŽŶ ĨŽƌ ƚŚĞ ǇĞĂƌ ϮϬϭϬ sŽůƵŵĞ ϭ

&ŝƌƐƚ ĞĚŝƚŝŽŶ͗ ϮϬϭϬ WƵďůŝƐŚĞĚ ďǇ͗ ǁǁǁ͘ƌĞĂůƉĂƚŝĚĂƌ͘ĐŽŵ ŵĂŝůΛƌĞĂůƉĂƚŝĚĂƌ͘ĐŽŵ

dŚŝƐ ďŽŽŬ ŝƐ ŵĞĂŶƚ ĨŽƌ ĞĚƵĐĂƚŝŽŶĂů ĂŶĚ ůĞĂƌŶŝŶŐ ƉƵƌƉŽƐĞƐ͘ dŚĞ ĞĚŝƚŽƌ;ƐͿ ŽĨ ƚŚĞ ďŽŽŬ ŚĂƐͬŚĂǀĞ ƚĂŬĞŶ Ăůů ƌĞĂƐŽŶĂďůĞ ĐĂƌĞ ƚŽ ĞŶƵƐƌĞ ƚŚĂƚ ƚŚĞ ĐŽŶƚĞŶƚƐ ŽĨ ƚŚĞ ďŽŽŬ ĚŽ ŶŽƚ ǀŝŽůĂƚĞ ĂŶǇ ĞǆŝƐƚŝŶŐ ĐŽƉǇƌŝŐŚƚ Žƌ ŽƚŚĞƌ ŝŶƚĞůůĞĐƚƵĂů ƉƌŽƉĞƌƚǇ ƌŝŐŚƚƐ ŽĨ ĂŶǇ ƉĞƌƐŽŶ ŝŶ ĂŶǇ ŵĂŶŶĞƌ ǁŚĂƚƐŽĞǀĞƌ͘ /Ŷ ƚŚĞ ĞǀĞŶƚ ƚŚĞ ĂƵƚŚŽƌ;ƐͿ ŚĂƐͬŚĂǀĞ ďĞĞŶ ƵŶĂďůĞ ƚŽ ƚƌĂĐŬ ĂŶǇ ƐŽƵƌĐĞ ĂŶĚ ŝĨ ĂŶǇ ĐŽƉǇƌŝŐŚƚ ŚĂƐ ďĞĞŶ ŝŶĂĚǀĞƌƚĞŶƚůǇ ŝŶĨƌŝŶŐĞĚ͕ ƉůĞĂƐĞ ŶŽƚŝĨǇ ƚŚĞ ƉƵďůŝƐŚĞƌ ŝŶ ǁŝƌƚŝŶŐ ĨŽƌ ĐŽƌƌĞĐƚŝǀĞ ĂĐƚŝŽŶ͘ hd/KE͗ Ɛ ƉĂƌƚ ŽĨ dĂƋŝǇĂĂ ĂŶĚ ĨƵƌƚŚĞƌ ĂƐ ĞǆƉĞĐƚĞĚ ǁŝƚŚ ŝŶƚĞŶƚŝŽŶ ƚŽ ďƌŝŶŐ ĚŝƐƌĞƉƵƚ ƚŽ ƚŚŝƐ ƉĞŽƉůĞΖƐ ŵŽǀĞŵĞŶƚ͕ ƐŽŵĞ ƉĞŽƉůĞ ŚĂǀĞ ĐŽŶƐƉŝƌĞĚ ĂŶĚ ĐƌĞĂƚĞĚ ŽŶůŝŶĞ ŝĚƐ ǁŝƚŚ ƚŚĞ Ăŝŵ ŽĨ ĐŽŶĨƵƐŝŶŐ ĂŶĚ ĨŽŽůŝŶŐ ƉĞŽƉůĞ͘ ^ŽŵĞ ŽĨ ƚŚĞƐĞ ŝĚƐ ĂƌĞ ƌĞĂůƉĂƚŝĚĂƌƌΛŐŵĂŝů͘ĐŽŵ͕ ƌĞĂůƉĂƚŝĚĂĂƌΛŐŵĂŝů͘ĐŽŵ͕ ƌĞĂůͲƉĂƚŝĚĂƌΛŐŽŽŐůĞŐƌŽƵƉƐ͘ĐŽŵ͘ dŚŝƐ ŵŽǀĞŵĞŶƚ ĚŽĞƐ ŶŽƚ ŚĂǀĞ ĂŶǇ ĐŽŶŶĞĐƚŝŽŶ ǁŝƚŚ ƚŚĞ ĞŵĂŝů ŝĚƐ ŵĞŶƚŝŽŶĞĚ ŚĞƌĞ ĂďŽǀĞ͘

ŽŶƚĞŶƚƐ ;^ĞƌŝĂů KƌĚĞƌ tŝƐĞͿ ^ŶŽ͘

ŵĂŝů EŽ͘

ĂƚĞ

WĂƌƚŝĐƵůĂƌƐ

WĂŐĞ EŽ͘

ͲͲ

ĂĐŬŐƌŽƵŶĚ ȶƧk Oȹ li\

Ϯϭ

ͲͲ

WƌĞĨĂĐĞ ̆ƨThaWh

Ϯϯ

ͲͲ

tŚŝƚĞ WĂƉĞƌ ŝƐƐƵĞĚ ďǇ <<W ^ĂŵĂũ 7͘[h͘D͘D͘Xh͘d\hK Ws ĖpS X́

ϯϭ

ĐůĂƌŝĨŝĐĂƚŝŽŶ ƚŚĂƚ <<W ^ĂŵĂũ ŝƐ ĨŽƌŵĞĚ ďǇ ^ĂŶĂƚĂŶŝ ΖƐ ŽŶůǇ IsEaN͗ 7͘[h͘D͘D͘Xh͘ d\hK YƈS dWhShWjB Ďh^h ;[j D^ah\h5 8aj Jp ͘

ͲͲ

^ĞƌŝĞƐ ϭ

^ĞƌŝĞƐ Ϯ ^ĞƌŝĞƐ ϯ ^ĞƌŝĞƐ ϰ ^ĞƌŝĞƐ ϱ ^ĞƌŝĞƐ ϲ ^ĞƌŝĞƐ ϳ

^ĞƌŝĞƐ ϴ ^ĞƌŝĞƐ ϵ

^ĞƌŝĞƐ ϭϬ

^ĞƌŝĞƐ ϭϭ

ͲͲ

^ĞƌŝĞƐ dj^ d ŵĂŝůƐ ƐĞŶƚ ĂƐ Η^ĞƌŝĞƐΗ Ηdj^ dΗ S^ D° \sD_ah\h5 8ap_h :\q_B

ϭϬͲ ƉƌͲϮϬϭϬ ^ĂƚƉĂŶƚŚŝ ǁĂǇ ŽĨ ĐŽǀĞƌƚŝŶŐ ,ŝŶĚƵƐ ƚŽ DƵƐůŝŵƐ dSX5T\h5 e ƛȳk BWp Ⱥkd_\hW ZWhaah \hN° 7XWhap_j ^RWjiS ϭϯͲ ƉƌͲϮϬϭϬ dƌƵƚŚ ďĞŚŝŶĚ ŚŝŶĚƵŝƐĂƚŝŽŶ ŽĨ ^ĂƚƉĂŶƚŚ 5 D^RWh U° Eha XhJ`Wj dƍIh: dSX5Tȵk Zeh^ e ƛȳk ϮϬͲ ƉƌͲϮϬϭϬ WŝƌĂŶĂΖƐ ŬŚĂŶĚ :ǇŽƚ Xj^hRhRj 7E5P Ԍ]sS ?N_p Ƀk 5 ϮϲͲ ƉƌͲϮϬϭϬ ƵĚŚ ǀƚĂĂƌ Ͳ ƚƚĂĐŬ ŽŶ ,ŝŶĚƵ ƌĞůŝŐŝŽƵƐ ĨƵŶĚĂŵĞŶƚĂůƐ ȸkV 7aSh^ Ͳe ƛȳk BWh ̒ćhWh Ⱥ l`Wp ̉ƨN D^ahWs ̆]hd ϮϳͲ ƉƌͲϮϬϭϬ WŝƌĂŶĂ WŽŽũĂ sŝĚŚŝ ĂŶĚ 'ŶǇĂŶ ͲŶŽƚŝĐĞ ŝŶĨůƵĞŶĐĞ ŽĨ /ƐůĂŵ Xj^hRh ȶ lĤ iaiV STh ìhW ͲdSX5T\h5 9ƨ_h\ Ws ̆[ha ϮϴͲ ƉƌͲϮϬϭϬ <ŝƌƚŝ ŚǁĂũ Ͳ/ŵƉŽƌƚĂŶƚ ƌĞƐŽůƵƚŝŽŶ ƐǁŝƚĐŚŝŶŐ ƚŚĞ ƌĞůŝŐŝŽŶ D iS ƚaK ͲV\½ X_NhaahWs ?D ȺkƉ] O^ha ϯϬͲ ƉƌͲϮϬϭϬ WŝƌĂŶĂ ^ĂƚƉĂŶƚŚŶŝ WŽů ŶĞ ^ĂƚǇŶŽ WƌĂŬĂƐŚ Ͳ;&ŝƌƐƚ ďŽŽŬ ƚŽ ĞǆƉŽƐĞ WŝƌĂŶĂ ƐĂƚƉĂŶƚŚ ƚŽ ƚŚĞ ŽƵƚĞƌ ǁŽƌůĚͿ Xj^hRh dSX5TRj Xs_ 7Wp dƗ]Ws 9iSehd ;Zeh^ ȳk iW]h dh\pW Xj^hRh V\½Wh ĠXh [pU Es_ȱ 5 Xe°ɀ 5 ˴5TͿ ϬϭͲDĂǇͲϮϬϭϬ ^ĐŚŽŽů ŽŽŬƐ ŽŶ /ŵĂŵ ^ŚĂŚΖƐ ƌĞůŝŐŝŽŶ Xj^hRh dSX5T X^ XhOÈ ȶkƨSDs ϬϰͲDĂǇͲϮϬϭϬ ŽŵƉĂƌŝƐŽŶ ŽĨ ƐŽŵĞ ƐŚůŽŬƐ ďĞƚǁĞĞŶ Η^ĂƚƉĂŶƚŚ ƚŚĂƌǀ sĞĚΗ ĂŶĚ Η,ŝŶĚƵ ƚŚĂƌǀ sĞĚΗ dSX5T 7Ta½ apUΗ 7Wp Η e ȳk 7Ta½ apUΗWh 7ȺkD Ʀ_sD aIp SYhaS ϭϱͲDĂǇͲϮϬϭϬ WŝƌĂŶĂ ^ĂƚƉĂŶƚŚ <ĂŬĂ Ͳ ƉƉŽŝŶƚŵĞŶƚ ĂŶĚ ĚŵŝŶ ZŝŐŚƚƐ ĂŐƌĞĞŵĞŶƚ Xj^hRh dSX5T Wh DhDh ZWSj aESp Ⱥk ƨ_\ dqơ]pUWp _Ej 8Xp_ UƨShapK ϭϴͲDĂǇͲϮϬϭϬ dŚĞĂƚĞƌĞ ƌĂŵĂ ŽŶ ,ŝƐƚŽƌǇ ŽĨ KƵƌ ^ĂŵĂũ 8XRh d\hKWh 9iSehd X^ WhND

ϯϯ

ϯϱ

ϰϯ ϳϬ ϳϱ ϭϮϭ ϭϯϭ ϭϯϵ

ϭϰϭ ϭϱϲ

ϭϲϯ

ϭϲϳ

ƚŚĞĂƚƌĞ ĚƌĂŵĂ ƐŚŽǁŝŶŐ ƚŚĞ ŚŝƐƚŽƌǇ ŽĨ ŽƵƌ ĐŽŵŵƵŶŝƚǇ ĂŶĚ ŽƵƌ ^ĂŵĂũ ĨŽƌ ŵŽƌĞ ƚŚĂŶ ƉĂƐƚ ϲϬϬ ǇĞĂƌƐ͘ k5 8XRj ìhiS 7Wp d\hK Ws ~xx ac½Tj aȴk 9iSehd Ubh½ aȱ ?D WhND

^ĞƌŝĞƐ ϭϮ

ϮϮͲDĂǇͲϮϬϭϬ Ŭ ^ĂŶĂƚĂŶŝ Ŷŝ DĂŶ Ŷŝ sǇĂƚŚŝ ͲĂ ŶŽƚĞ ĨĞĞůŝŶŐƐ ŽĨ ŽƌĚŝŶĂƌǇ ƉĞŽƉůĞ͘ ?D dWhSWjWj \WWj ƥ]Th Ͳdh\hƛ] \hRdsWj _hFRj X^ _pE͘

ϭϳϬ

^ĞƌŝĞƐ ϭϯ

ϮϵͲDĂǇͲϮϬϭϬ dĂƋŝǇĂĂ ĂŶĚ ŝƚƐ ƵƐĞ ďǇ WŝƌĂŶĂ ^ĂƚƉĂŶƚŚ Sh D]h ?N_p Ƀk͍5 7Wp Xj^hRh dSX5T Ďh^h SpWs ;X]sF

ϭϳϰ

^ĞƌŝĞƐ ϭϰ ^ĞƌŝĞƐ ϭϱ ^ĞƌŝĞƐ ϭϲ

dĂƋŝǇĂĂ͗ dŚĞ ŵŽƐƚ ĞĨĨĞĐƚŝǀĞ ĂŶĚ ĚƌĞĂĚĞĚ ǁĞĂƉŽŶ ƵƐĞĚ ďǇ ^ŚŝĂ DƵƐůŝŵƐ ;ĂŶĚ ƚŚƵƐ ďǇ WŝƌĂŶĂ ^ĂƚƉĂŶƚŚͿ Sh D]h͗ ib]h Ⱥkd_\hWs ;7Wp Xj^hRh dSX5TͿ Ďh^h aX^hSs GhSD 7Wp 7d^Dh^D eiT]h^

ϬϴͲ:ƵŶͲϮϬϭϬ ^ŽŵĞ ŝŵƉŽƌƚĂŶƚ ǁĞďƐŝƚĞƐ ŽŶ ^ĂƚƉĂŶƚŚ dSX5T X^ ĤRDh^ 8XSj apZd:Ns ϮϮͲ:ƵŶͲϮϬϭϬ WŝƌĂŶĂ ^ĂƚƉĂŶƚŚŶŝ WŽů ŶĞ ^ĂƚǇŶŽ WƌĂŬĂƐŚ ͲYƵŝĐŬ ^ƵŵŵĂƌǇ Xj^hRh dSX5TWj Xs_ 7Wp dƗ]Ws ̆Dhb ͲȬl5D dh^h5b ϬϲͲ:ƵůͲϮϬϭϬ DŽŵŝŶ ŚĞƚĂŵĂŶŝ ; ĞǁĂƌĞ DŽŵŝŶƐͿ \s\jW IpSh\hWj

'ŝŶĂŶ ǁƌŝƚƚĞŶ ďǇ ^ĂŝǇĞĚ /ŵĂŵ ^ŚĂŚ ĂĚǀŽĐĂƚŝŶŐ DŽŵŝŶƐ ;ƉĞŽƉůĞ ĨŽůůŽǁŝŶŐ ƐĂƚƉĂŶƚŚ ƌĞůŝŐŝŽŶͿ ĂďŽƵƚ ƚŚŝŶŐƐ ƚŽ ďĞ ĨŽůůŽǁĞĚ͘ dq]pU :\h\ bhe ^ IS FjWhW͕ Ȑ\ Ⱥk\WhB ;dSX5T Xh`ahah`h 7ȵk]h]hBͿ 5 Wp ;Ćp bj 8Xah\h5 8ap_ Jp ͘

^ĞƌŝĞƐ ϭϳ

ϮϬͲ:ƵůͲϮϬϭϬ

^ĞƌŝĞƐ ϭϴ

ϭϬͲ ƵŐͲϮϬϭϬ

^ĞƌŝĞƐ ϭϵ

ϭϳͲ ƵŐͲϮϬϭϬ

^ĞƌŝĞƐ ϮϬ

ϭϴͲ ƵŐͲϮϬϭϬ

^ĞƌŝĞƐ Ϯϭ

ϯϬͲ ƵŐͲϮϬϭϬ

^ĞƌŝĞƐ ϮϮ

ϯϭͲ ƵŐͲϮϬϭϬ

^ĞƌŝĞƐ Ϯϯ

ϮϳͲ^ĞƉͲϮϬϭϬ ĂƐŽŶĚ ͲtƌŽŶŐ ĞĨŝŶŝƚŝŽŶ ŽŶ ^ĂƚƉĂŶƚŚ͘ŽƌŐ UdsƛU Ws EsNs 7T½ dSX5TWh apZd:N X^ ϬϳͲKĐƚͲϮϬϭϬ WĞƌƐŽŶƐ ĂŶĚ ƌĞĂƐŽŶƐ ďĞŚŝŶĚ ĞŵďƌĂĐŝŶŐ >ĂǆŵŝŶĂƌĂǇĂŶ ^ĞĐƚ _Ǜ\jWh^h]R d5̆Uh] 7XWhaah XhJ` _sDs 7Wp Dh^Rs ϬϰͲEŽǀͲϮϬϭϬ EĂƌĂǇĂŶ ĂƉĂΖƐ ƐƉĞĞĐŚ ŽŶ ^ĂƚƉĂŶƚŚ ĂƐ ǀƚĂĂƌ͕ ĚĂƚĞĚ ϬϳͲKĐƚͲϭϵϮϮ dSX5T Ud 7aSh^ X^ Wh^h]R ZhXȵk Sh͘ x ͲyxͲy zz ȵk 5 5 [hcR

^ĞƌŝĞƐ Ϯϰ ^ĞƌŝĞƐ Ϯϱ

^ĞƌŝĞƐ Ϯϲ

^ĞƌŝĞƐ Ϯϳ ^ĞƌŝĞƐ Ϯϴ

ŝĐƚŝŽŶĂƌǇ ŵĞĂŶŝŶŐ ŽĨ ^ĂƚƉĂŶƚŚ ĂŶĚ ^ĂŶĂƚĂŶ dSX5T 7Wp dWhSW V\½ Ws ŝĐƚŝŽŶĂƌǇ \S_Z sĂůĚĂƐ DĂŚĂƌĂũΖƐ ůĞƚƚĞƌ Ͳ^ĂƚƉĂŶƚŚ ŝƐ Ă DƵƐůŝŵ ^ĞĐƚ ah_Uhd \eh^hKWs dSX5T V\½ X^ X́ /ŶƚĞƌƉƌĞƚĂƚŝŽŶ ŽĨ ůĂƵƐĞ ϭϴ ŽĨ 'ŶĂƚŝ ZĞĞƚ ZŝǀĂũ ìhiSWh ^ S ^ahK D_\ y ȵk 7T½ 5 GNW 'ŽǀĞƌŶŵĞŶƚ ZĞĐŽƌĚƐ ŽŶ WŝƌĂŶĂ͕ DƵŵŶĂ ĂŶĚ Wŝƌ Xj^hRh͕ Ⱥk\Wh 7Wp Xj^ Ͳ d^Dh^ UƨShapK ZĞǀĞĂůŝŶŐ dƌƵƚŚ ĞŚŝŶĚ ƚŚĞ &ĂůƐĞ WĂŵƉŚůĞƚ ŽŶ ^Śƌŝ EĂƌĂǇĂŶ ZĂŵũŝ >ŝŵďĂŶŝ k 5 XpƠX_pN XhJ` Wj k5 Wh^h]R ^h\ĥWp ZUWh\ D^ȱ EsȬ ahƨSiaDSh <ĂŬĂ ŝƐ DƵƐůŝŵ ͲϭϵϮϭ ŽƵƌƚ ĂƐĞ Ͳ>ĂǆŵĂŶ <ĂŬĂ ǀͬƐ͘ ^ĂŝǇĞĚƐ DhDh Ⱥkd_\hW Jp Ͳy zy Ws DsN½ D° d Ͳ_Ǜ\R DhDh dh\p dqơ]Us

ϮϬͲEŽǀͲϮϬϭϬ ŚĂŝŶƐ ŽĨ WŝƌĂŶĂ Ͳ ƐŚŽƌƚ ĂƌƚŝĐůĞ ĂďŽƵƚ ĐŚĂŶŐĞƐ ŝŶ WŝƌĂŶĂ Iqƛd BY Xj^hRh ͲXj^hRhWh eh_Wh ZU_haȵk WҭV _p 5 Ss ȬlDs _pE ϬϱͲ ĞĐͲϮϬϭϬ ZĞƉůǇ ƚŽ WĂƚŝĚĂƌ ^ĂŶĚĞƐŚΖƐ ĞĚŝƚŽƌŝĂů XhN Uh^ d5U°bWh S5́j _pE Ws KahZ ϮϱͲ ĞĐͲϮϬϭϬ ,Žǁ ƚŽ ĐŽƵŶƚĞƌ ƚŚĞ ƚŚƌĞĂƚ ƉŽƐĞĚ ďǇ DĂǀĂůƐ \ha`Wj d\ƨ]h dh\p D° ah5 XF_h5 _pah5

ϭϴϴ ϮϬϭ ϮϬϯ

ϯϱϮ ϯϲϵ ϯϳϮ ϯϳϱ ϯϳϵ

ϯϵϱ

ϯϵϵ ϰϬϰ ϰϬϴ

ϰϮϮ

ϰϮϵ ϰϰϳ

ͲͲ K ϭ K Ϯ K ϯ K ϰ

K ϱ

K ϲ

K ϳ

K ϴ K ϵ

K ϭϬ

K ϭϭ

K ϭϮ

K ϭϮ K ϭϯ K ϭϰ

K ϭϱ

K ϭϲ K ϭϳ K ϭϴ

ͲͲ

KƚŚĞƌ ŵĂŝůƐ ;K Ϳ 7ƛ] :\q_ ;B͘:͘Ϳ

ϭϵͲ ƉƌͲϮϬϭϬ ^ĞƌŝĞƐ ϭ ĂŶĚ ^ĞƌŝĞƐ Ϯ ͲZĞƐƉŽŶƐĞ ^ĞƌŝĞƐ ϭ 7Wp ^ĞƌŝĞƐ Ϯ dh\p ̆iS ˲]h ϮϴͲ ƉƌͲϮϬϭϬ ƚƚĞŵƉƚ ƚŽ ĚŝƐĐƌĞĚŝƚ ZĞĂů WĂƚŝĚĂƌ Ͳ ĞǁĂƌĞ ŽĨ ĨƌĂĚƵůĞŶƚ ŵĂŝůƐ ^ ]_ XhN Uh^Wp ZUWh\ DâhWs ̆X5I ϮϰͲDĂǇͲϮϬϭϬ /ŵĂŵ ^ŚĂŚ ĂǀĂ ^ĂƚŚĞ Eŝ sĂƌƚĂ >ĂĂƉ :\h\ bhe Zhah dhTpWj ahSh½ _hX ϭϲͲ:ƵŶͲϮϬϭϬ ĚĚŝƚŝŽŶ ŽĨ E t ŝĚ ŐƌŽƵƉΛƌĞĂůƉĂƚŝĚĂƌ͘ĐŽŵ ĂŶĚ ůŝƐƚ ŽĨ / Ɛ ƵƐĞĚ ďǇ ŵĞ͘ Waj :\q_ 8:ͲP ŐƌŽƵƉΛƌĞĂůƉĂƚŝĚĂƌ͘ĐŽŵ bȿk Dâh\h5 8aj ϮϬͲ:ƵŶͲϮϬϭϬ zƵǀĂ ^ĂŶŐŚ ůĞĐƚŝŽŶƐ Ͳ^ĂƚƉĂŶƚŚŝƐ ĐĂŶŶŽƚ ĐŽŶƚĞƐƚ Ͳ ƐƚĞƉ ŝŶ ƌŝŐŚƚ ĚŝƌĞĐƚŝŽŶ Ȼkah d5GWj ȧN5 l Rj ͲdSX5TjB [hF _: W e bD° ͲdhIh \hF½ S^Yȵ 5 ?D DU\ ϮϳͲ:ƵŶͲϮϬϭϬ DƵŵďĂŝ ŽŶĞ Ͳ^ĞĐƌĞƚĂƌǇ Ͳ^ĂƚƉĂŶƚŚͲ ĨŽƌĐĞĚ ƚŽ ƌĞƐŝŐŶ Ͳ ŶŽƚŚĞƌ ŝŶƐƚĂŶĐĞ ŽĨ ƚŚĞ ƐƚĞƉ ŝŶ ƌŝŐŚƚ ĚŝƌĞĐƚŝŽŶ ȺkZ 5 : LsW Ͳ\5́j ͲdSX5T Ͳ^hĥWhȺk5 _pah\h5 8ƥȻk 5 ϮϵͲ:ƵŶͲϮϬϭϬ ZƵůĞƐ ; ŽĚĞ ŽĨ ŽŶĚƵĐƚͿ ĨŽƌ ƐĞŶĚŝŶŐ ĞŵĂŝůƐ ƚŽ ƚŚĞ ŐƌŽƵƉ ʎkX\h :\q_ ȺkDah 7Wp \pƠZ^ ZWahWh iW]\s 7Wp 8Ih^ d5 eSh ϮϵͲ:ƵŶͲϮϬϭϬ ĂŬƐŚŝŶ <ĂƌŶĂƚĂŬĂ ŽŶĞ Ͳ,ŝƐƚŽƌŝĐ ZĞƐŽůƵƚŝŽŶƐ WĂƐƐĞĚ U ëR DWh½ND LsW Ͳ@iSehidD O^has Xdh^ D]h½ ϬϲͲ:ƵůͲϮϬϭϬ ĞĐĞƉƚŝǀĞ 'ŽŽŐůĞ 'ƌŽƵƉ ĐƌĞĂƚĞĚ ƚŽ ĞǆƚƌĂĐƚ ǇŽƵƌ ŝĚĞŶƚŝƚǇ ĂŶĚ ŽƚŚĞƌ ŝŶĨŽƌŵĂƚŝŽŶ _sDsWj BÈ 7Wp \h eSj Is^haah e°ȱ k ̉h\D Ȥ lF_ ʎkX bȿk Dȿ5 ϬϵͲ:ƵůͲϮϬϭϬ ůĞĂƌ Ƶƚ KƌĚĞƌ ĨƌŽŵ <<W ^ĂŵĂũ ƚŽ ĚĞďĂƌ Ăůů ^ĂƚƉĂŶƚŚŝƐ dSX5TjB d\hKWh \pƠZ^ WTj ?ɂk 5 IsEaN D^Ss 7͘[h͘D͘D͘Xh͘ d\hKWs IsEs 8U° b͘ ϭϭͲ:ƵůͲϮϬϭϬ ŚƵďĂŶĞƐŚǁĂƌ zƵǀĂŬ DĂŶĚĂů ͲZĞƐŽůƵƚŝŽŶ ĂŐĂŝŶƐƚ ^ĂƚƉĂŶƚŚ ĚĂƚĞĚ ϭϬͲ:ƵůͲϮϬϭϬ ȹkZWpĖ^ ȻkaD \5P`Ws dSX5T ia^sVWs Sh yx͘x ͘zxyx Ws O^ha ϮϱͲ:ƵůͲϮϬϭϬ zƵǀĂƐĂŶŐŚ KƌĚĞƌ ĂƚĞĚ ϮϬͲ:ƵůͲϮϬϭϬ ŽƌĚĞƌŝŶŐ ĂĐƚŝŽŶ ĂŐĂŝŶƐƚ ^ĂƚƉĂŶƚŚŝƐ Ȼkahd5G Ws Sh zxͲx Ͳzxyx Ws dSX5TjBWh iaȿkV Ws 8U° b ϮϳͲ:ƵůͲϮϬϭϬ

<<W^ ͲDĞŵďĞƌƐŚŝƉ &ŽƌŵƐ 7͘[h͘D͘D͘Xh͘ d\hK Ͳ \pƠZ^bjX Ys\½ ϭϮͲ ƵŐͲϮϬϭϬ KƌŝŐŝŶĂů ZĞĂů WĂƚŝĚĂƌ 'ƌŽƵƉ B^ ĥW_ ^ ]_ XhN Uh^ ʎkX ϮϬͲ ƵŐͲϮϬϭϬ ƉƉƌĞĐŝĂƚŝŽŶ >ĞƚƚĞƌ ͲƚŽ ,ŝŵŵĂƚďŚĂŝ Θ dĞĂŵ ͲďǇ ŚŵĞĚŶĂŐĂƌ ŝƐƚƌŝĐƚ ^ĂŵĂũ k5 eƠ\S[h: 7Wp Sp\Wj N \ Wj ̆b5bh D^ȱ 7e\UWF^ ĥƣ_h d\hKWs X́ ϮϰͲ ƵŐͲϮϬϭϬ tŚŽůĞ EĂǀĂ sĂĂƐ ;ZĂǀĂƉĂƌͿ ǀŝůůĂŐĞ ĞŵďƌĂĐĞƐ ^ĂŶĂƚĂŶ ŚĂƌŵ Wah ahd ;^ahX^Ϳ Ďh^h dWhSW V\½ Ws ӔFjDh^ ϮϴͲ ƵŐͲϮϬϭϬ hƉĚĂƚĞƐ ĨƌŽŵ ŶŐŝǇĂͲEĂŶĂ sŝůůĂŐĞ ŽŶ ^ĂƚƉĂŶƚŚ ӔFj] WhW Fh\Wh dSX5T X^ ShĤ d\hIh^ ϯϬͲ ƵŐͲϮϬϭϬ <ĂůĂƌŝǇĂ WĂƌŝǀĂƌ ĂŶƐ ^ĂƚƉĂŶƚŚ Dh_^ ]h X ^ah^ Ďh^h dSX5T Ws Z eƧDh^ ϯϬͲ ƵŐͲϮϬϭϬ ZĞĐĞŶƚ ĞǀĞůŽƉŵĞŶƚƐ ŝŶ <ŽƚĂĚĂ :ĂĚŽĚĂƌ sŝůůĂŐĞ DsNPh KPsU^ Fh\\h5 dSX5T iacp GNWhB

ϰϱϯ ϰϱϱ ϰϱϳ ϰϱϵ ϰϲϯ

ϰϲϱ

ϰϲϵ

ϰϳϬ

ϰϳϮ ϰϳϵ

ϰϴϭ

ϰϴϯ

ϰϴϳ

ϰϵϬ ϰϵϯ ϰϵϱ

ϰϵϴ

ϰϵϵ ϱϬϬ ϱϬϮ

K ϭϵ K ϮϬ K Ϯϭ

K ϮϮ

K Ϯϯ K Ϯϰ

K Ϯϱ

K Ϯϲ

ͲͲ ' ϭ

ϬϲͲ^ĞƉͲϮϬϭϬ <ŚŽŵďŚĂĚŝ sŝůůĂŐĞ Ͳ ĞĐŝƐŝŽŶƐ Ěƚ ϯϭͲ ƵŐͲϮϬϭϬ EsƠ[hP Fh\ ͲSh {yͲx Ͳzxyx Wh O^has ϭϱͲ^ĞƉͲϮϬϭϬ DŽĚĞů hŶĚĞƌƚĂŬŝŶŐ >ĞƚƚĞƌ 8Ub½ Z eƛU^ X́ ϭϵͲ^ĞƉͲϮϬϭϬ ŶŐŝǇĂ sŝůůĂŐĞ Ͳϵ ĨĂŵŝůŝĞƐ ƋƵŝƚ ^ĂƚƉĂŶƚŚ ĂŶĚ ĞŵďƌĂĐĞ ^ĂŶĂƚĂŶ ŚĂƌŵ Ӕ F]h Fh\ Ͳ X âh^ dSX5T V\½ JsP dWhSW V\½ ӔFjDh^ D]Ҵ ϭϵͲ^ĞƉͲϮϬϭϬ sŝƌĂŶŝ 'ĂĚŚ ͲDĂŶĚǀŝ dĂůƵŬĂ Ͳϭ ĨĂŵŝůǇ ƋƵŝƚƐ ^ĂƚƉĂŶƚŚ ĂŶĚ ĞŵďƌĂĐĞƐ ^ĂŶĂƚĂŶ ŚĂƌŵ ia^hRj FQ Ͳ\h5Paj ShɀkDh Ͳy X âh^ dSX5T Ɨ]hFj dWhSW V\½ ƨajDh]Ҵ ϬϵͲKĐƚͲϮϬϭϬ WƵŶĞ ^ĂŵĂũ ŽŶƐŝƚƵƚŝŽŶ Ͳ^ĂƚƉĂŶƚŚŝƐ ŶŽƚ ĂůůŽǁĞĚ ȶkWh d\hK Z5Vh^R ͲdSX5TjB \pƠZ^ W e ZWj bD° ϭϬͲKĐƚͲϮϬϭϬ dŚĂŶŬŝŶŐ EŝƚĞƐŚ Θ ŚŝƐ ƚĞĂŵ ĨŽƌ ŚĞůƉŝŶŐ ^ĂŶĂƚĂŶŝƐ WjSpb 7Wp ?Wj N \ Wp dWhSWjWp \UU Dâh ZĆ_ 8[h^

ϱϬϰ

ϭϳͲEŽǀͲϮϬϭϬ WƌĞƐŝĚĞŶƚ ŽĨ ^ĂƚƉĂŶƚŚ ^ĂŵĂũ WŚǇƐŝĐĂůůǇ ZĞŵŽǀĞĚ KƵƚ ŽĨ sĂŶĚŚĂǇ hŵŝǇĂ DĂƚĂũŝ DĂŶĚŝƌ dSX5T d\hKWh ̆ȺkE Wp ;i\]h \hShĥ \5 U^͕ ah5Qh]͕ \h5Tj Zeh^ D^ah\h5 8ƥ]h ϮϯͲ ĞĐͲϮϬϭϬ ^ƚĂƌƚŝŶŐ ŽĨ ^D^ 'ƌŽƵƉ ǁŝƚŚ ŝďŝďŽ ŝďŝďŽ\h5 ^D^ ʎkX Wj bĮ8S

ϱϮϭ

ͲͲ ϮϮͲ:ƵůͲϮϬϭϬ

'ƌŽƵƉ ŵĂŝůƐ ;'͘ ͘Ϳ k :\q_ ;ĥ͘:͘Ϳ ʎX

/ŵƉŽƌƚĂŶƚ ŝŶĨŽƌŵĂƚŝŽŶ ŽŶ ^ĂƚƉĂŶƚŚ ĂŶĚ ^ĂŵĂũ dSX5T 7Wp d\hK iac] X^ \eƗaWj \h eSj ďƌŝĞĨ ŶŽƚĞ ƚŽƵĐŚŝŶŐ ƵƉŽŶ ďĂĐŬŐƌŽƵŶĚ ŽĨ ^ĂƚƉĂŶƚŚ ŝŶ ŽƵƌ ^ĂŵĂũ ͘ 8XRj d\hK\h5 dSX5T V\½ X^ ĤRDh^ 8Xȱ 5 ?D Ȭk 5Ds _pE

' Ϯ

ϮϱͲ:ƵůͲϮϬϭϬ

' ϯ

ϮϲͲ:ƵůͲϮϬϭϬ

' ϰ

ϭϴͲ ƵŐͲϮϬϭϬ

' ϱ

ϯϬͲ ƵŐͲϮϬϭϬ

' ϲ

ϯϬͲ ƵŐͲϮϬϭϬ

' ϳ

ϭϴͲ^ĞƉͲϮϬϭϬ

' ϴ

ϭϵͲ^ĞƉͲϮϬϭϬ

' ϵ

ϬϱͲKĐƚͲϮϬϭϬ ŐŶŝ ^ĂŶƐŬĂƌ͕ ^ĂŵĂĚŚŝ͕ ĂĨĂŶ sŝĚŚŝ 7 ƊW d5ƨDh^͕ d\hVj 7Wp UYW iaiV ϮϲͲKĐƚͲϮϬϭϬ ĞƐĂůƉĂƌ ;'Ϳ ͲZĞƐŽůƵƚŝŽŶƐ ͲďŽǇĐŽƚƚŝŶŐ ^ĂƚƉĂŶƚŚŝƐ U° d_X^ ;ȤkS 5 _jͿ Fh\Wh O^has ͲdSX5TjB Ws Z eƧDh^ ϭϲͲEŽǀͲϮϬϭϬ ,ŝƐƚŽƌǇ ŽĨ ^ĂŶĂƚĂŶ ŚĂƌŵ ŝŶ <<W^ dWhSW V\½ Ws 7͘[h͘D͘D͘Xh͘ d\hK\h5 9iSehd ϮϰͲ ĞĐͲϮϬϭϬ ,Žǁ ǁĂƐ WĂǀĂů ĂŶĚ ŵŝ dĂďůĞƚ ŵĂĚĞ Xha` 7Wp 7\jWj Fs` D° aj ^ Sp ZWhah\h5 8aSj

' ϭϬ ' ϭϭ ' ϭϮ

DŝŶƵƚĞƐ ŽŽŬ Ěƚ͘ Ϭϲ Θ ϬϳͲ:ƵůͲϭϵϱϭ͕ ƐƵŐŐĞƐƚŝŶŐ <<W ^ĂŵĂũ ŝƐ ĨŽƌŵĞĚ ŽŶůǇ ďǇ ^ĂŶĂƚĂŶŝƐ x~ 7Wp x Ͳx Ͳy }y Wj \jWjN ȸ lD Ʌ lIap Jp D° 7͘[h͘D͘D͘Xh͘ d\hK YƈS dWhShWjB Ďh^h ;[j D^ah\h5 8aj WĂǀĂů ĂŶĚ WŝƌĂŶĂΖƐ 'Žůŝ Ͳ ,Žǁ ǁĂƐ ŝƚ ŵĂĚĞ Xha` 7Wp Xj^hRhWj Fs` ͲD° aj ^ Sp ZWhaah\h5 8aSj ĐƚŝŽŶ ĂŐĂŝŶƐƚ WƌŽͲ^ĂƚƉĂŶƚŚŝƐ ŝŶ ŽƵƌ ƐĂŵĂũ 8XRh d\hK\h5 dSX5TjBWh N° D°Uh^s dh\p XF_h5 EĂŬƌĂŶŝ WĂƌŝǀĂƌ ďŽǇĐŽƚƚƐ ^ĂƚƉĂŶƚŚŝƐ WhD^hRj X ^ah^ dSX5TjBWs Z eƧDh^ D]Ҵ /ŶĨŽƌŵĂƚŝŽŶ ŽŶ ^ĂƚƉĂŶƚŚ͘ŽƌŐ ŝƐ ǁƌŽŶŐ Θ >ŝƐƚ ŽĨ WŝƌĂŶĂΖƐ <ĂŬĂ dSX5T apZdh:N X^ EsN \h eSj 7Wp Xj^hRh Wh DhDhBWj ]hU EĞƚƌĂ 'ĂƵŵ ZĞƐŽůƵƚŝŽŶƐ ďŽǇĐŽƚƚŝŶŐ ^ĂƚƉĂŶƚŚŝƐ Wṕh Fh\Wh dSX5T Ws Z eƧDh^ D^Ss O^ha ^ĂƚƉĂŶƚŚ ;EŽŶͿ ,ŝŶĚƵ ƌĞůŝŐŝŽŶ Ͳ&ĂůƐĞ ;ƐŽ ĐĂůůĞĚͿ ĐĞƌƚŝĨŝĐĂƚĞ ŽďƚĂŝŶĞĚ dSX5T ;ZjWͿ e ȳk V\½ ͲEsNh ;De°ahShͿ ̆\hR X́ _pah]h

ϱϬϵ ϱϭϭ

ϱϭϯ

ϱϭϰ ϱϭϵ

ϱϮϰ

ϱϮϱ ϱϮϳ

ϱϯϱ

ϱϱϰ ϱϱϲ ϱϲϬ ϱϲϭ

ϱϲϯ ϱϲϳ

ϱϲϵ ϱϳϬ ϱϳϮ ϱϳϱ

ĂƚĞǁŝƐĞ >ŝƐƚ ŽĨ ŵĂŝůƐ ^ŶŽ͘ ĂƚĞ ŵĂŝů EŽ͘ WĂƌƚŝĐƵůĂƌƐ ϭ ϭϬͲ ƉƌͲϮϬϭϬ ^ĞƌŝĞƐ ϭ ^ĂƚƉĂŶƚŚŝ ǁĂǇ ŽĨ ĐŽǀĞƌƚŝŶŐ ,ŝŶĚƵƐ ƚŽ DƵƐůŝŵƐ dSX5T\h5 e ƛȳk BWp Ⱥkd_\hW ZWhaah \hN° 7XWhap_j ^RWjiS Ϯ

ϭϯͲ ƉƌͲϮϬϭϬ ^ĞƌŝĞƐ Ϯ

ϭϵͲ ƉƌͲϮϬϭϬ K ϭ

ϮϬͲ ƉƌͲϮϬϭϬ ^ĞƌŝĞƐ ϯ

ϮϲͲ ƉƌͲϮϬϭϬ ^ĞƌŝĞƐ ϰ

ϮϳͲ ƉƌͲϮϬϭϬ ^ĞƌŝĞƐ ϱ

ϮϴͲ ƉƌͲϮϬϭϬ ^ĞƌŝĞƐ ϲ

ϮϴͲ ƉƌͲϮϬϭϬ K Ϯ

ϯϬͲ ƉƌͲϮϬϭϬ ^ĞƌŝĞƐ ϳ

ϭϬ

ϬϭͲDĂǇͲϮϬϭϬ ^ĞƌŝĞƐ ϴ

ϭϭ

ϬϰͲDĂǇͲϮϬϭϬ ^ĞƌŝĞƐ ϵ

ϭϮ

ϭϱͲDĂǇͲϮϬϭϬ ^ĞƌŝĞƐ ϭϬ WŝƌĂŶĂ ^ĂƚƉĂŶƚŚ <ĂŬĂ Ͳ ƉƉŽŝŶƚŵĞŶƚ ĂŶĚ ĚŵŝŶ ZŝŐŚƚƐ ĂŐƌĞĞŵĞŶƚ Xj^hRh dSX5T Wh DhDh ZWSj aESp Ⱥk ƨ_\ dqơ]pUWp _Ej 8Xp_ UƨShapK ϭϴͲDĂǇͲϮϬϭϬ ^ĞƌŝĞƐ ϭϭ dŚĞĂƚĞƌĞ ƌĂŵĂ ŽŶ ,ŝƐƚŽƌǇ ŽĨ KƵƌ ^ĂŵĂũ 8XRh d\hKWh 9iSehd X^ WhND

ϭϲϯ

ϭϰ

ϮϮͲDĂǇͲϮϬϭϬ ^ĞƌŝĞƐ ϭϮ Ŭ ^ĂŶĂƚĂŶŝ Ŷŝ DĂŶ Ŷŝ sǇĂƚŚŝ ͲĂ ŶŽƚĞ ĨĞĞůŝŶŐƐ ŽĨ ŽƌĚŝŶĂƌǇ ƉĞŽƉůĞ͘ ?D dWhSWjWj \WWj ƥ]Th Ͳdh\hƛ] \hRdsWj _hFRj X^ _pE͘

ϭϳϬ

ϭϱ

ϮϰͲDĂǇͲϮϬϭϬ K ϯ

ϰϱϵ

ϭϯ

ϭϲ

ϭϳ ϭϴ

dƌƵƚŚ ďĞŚŝŶĚ ŚŝŶĚƵŝƐĂƚŝŽŶ ŽĨ ^ĂƚƉĂŶƚŚ dSX5Tȵk Zeh^ 5 e ƛȳk D^RWh U° Eha XhJ`Wj dƍIh: ^ĞƌŝĞƐ ϭ ĂŶĚ ^ĞƌŝĞƐ Ϯ ͲZĞƐƉŽŶƐĞ ^ĞƌŝĞƐ ϭ 7Wp ^ĞƌŝĞƐ Ϯ dh\p ̆iS ˲]h WŝƌĂŶĂΖƐ ŬŚĂŶĚ :ǇŽƚ Xj^hRhRj 7E5P Ԍ]sS ?N_p Ƀk5 ƵĚŚ ǀƚĂĂƌ Ͳ ƚƚĂĐŬ ŽŶ ,ŝŶĚƵ ƌĞůŝŐŝŽƵƐ ĨƵŶĚĂŵĞŶƚĂůƐ ȸkV 7aSh^ Ͳe ƛȳk BWh ̒ćhWh Ⱥ l`Wp ̉ƨN D^ahWs ̆]hd WŝƌĂŶĂ WŽŽũĂ sŝĚŚŝ ĂŶĚ 'ŶǇĂŶ ͲŶŽƚŝĐĞ ŝŶĨůƵĞŶĐĞ ŽĨ /ƐůĂŵ Xj^hRh ȶ lĤ iaiV STh ìhW ͲdSX5T\h5 9ƨ_h\ Ws ̆[ha <ŝƌƚŝ ŚǁĂũ Ͳ/ŵƉŽƌƚĂŶƚ ƌĞƐŽůƵƚŝŽŶ ƐǁŝƚĐŚŝŶŐ ƚŚĞ ƌĞůŝŐŝŽŶ D iS ƚaK ͲV\½ X_NhaahWs ?D ȺkƉ] O^ha ƚƚĞŵƉƚ ƚŽ ĚŝƐĐƌĞĚŝƚ ZĞĂů WĂƚŝĚĂƌ Ͳ ĞǁĂƌĞ ŽĨ ĨƌĂĚƵůĞŶƚ ŵĂŝůƐ ^ ]_ XhN Uh^Wp ZUWh\ D^ahWs ̆X5I WŝƌĂŶĂ ^ĂƚƉĂŶƚŚŶŝ WŽů ŶĞ ^ĂƚǇŶŽ WƌĂŬĂƐŚ Ͳ;&ŝƌƐƚ ďŽŽŬ ƚŽ ĞǆƉŽƐĞ WŝƌĂŶĂ ƐĂƚƉĂŶƚŚ ƚŽ ƚŚĞ ŽƵƚĞƌ ǁŽƌůĚͿ Xj^hRh dSX5TRj Xs_ 7Wp dƗ]Ws 9iSehd ;Zeh^ ȳk iW]h dh\pW͕ Xj^hRh V\½Wh ĠXh [pU Es_ȱ 5 Xe°ɀ 5 ˴5TͿ ^ĐŚŽŽů ŽŽŬƐ ŽŶ /ŵĂŵ ^ŚĂŚΖƐ ƌĞůŝŐŝŽŶ Xj^hRh dSX5T X^ XhOÈ ȶkƨSDs ŽŵƉĂƌŝƐŽŶ ŽĨ ƐŽŵĞ ƐŚůŽŬƐ ďĞƚǁĞĞŶ Η^ĂƚƉĂŶƚŚ ƚŚĂƌǀ sĞĚΗ ĂŶĚ Η,ŝŶĚƵ ƚŚĂƌǀ sĞĚΗ dSX5T 7Ta½ apUΗ 7Wp Η e ȳk 7Ta½ apUΗWh 7ȺkD Ʀ_sD aIp SYhaS

WĂŐĞ EŽ͘ ϯϱ

/ŵĂŵ ^ŚĂŚ ĂǀĂ ^ĂƚŚĞ Eŝ sĂƌƚĂ >ĂĂƉ :\h\ bhe Zhah dhTpWj ahSh½ _hX ϮϵͲDĂǇͲϮϬϭϬ ^ĞƌŝĞƐ ϭϯ dĂƋŝǇĂĂ ĂŶĚ ŝƚƐ ƵƐĞ ďǇ WŝƌĂŶĂ ^ĂƚƉĂŶƚŚ Sh D]h ?N_p Ƀk͍5 7Wp Xj^hRh dSX5T Ďh^h SpWs ;X]sF dĂƋŝǇĂĂ͗ dŚĞ ŵŽƐƚ ĞĨĨĞĐƚŝǀĞ ĂŶĚ ĚƌĞĂĚĞĚ ǁĞĂƉŽŶ ƵƐĞĚ ďǇ ^ŚŝĂ DƵƐůŝŵƐ ;ĂŶĚ ƚŚƵƐ ďǇ WŝƌĂŶĂ ^ĂƚƉĂŶƚŚͿ Sh D]h͗ ib]h Ⱥkd_\hWs ;7Wp Xj^hRh dSX5TͿ Ďh^h aX^hSs GhSD 7Wp 7d^Dh^D eiT]h^

ϬϴͲ:ƵŶͲϮϬϭϬ ^ĞƌŝĞƐ ϭϰ ^ŽŵĞ ŝŵƉŽƌƚĂŶƚ ǁĞďƐŝƚĞƐ ŽŶ ^ĂƚƉĂŶƚŚ dSX5T X^ ĤRDh^ 8XSj apZd:Ns ϭϲͲ:ƵŶͲϮϬϭϬ K ϰ ĚĚŝƚŝŽŶ ŽĨ E t ŝĚ ŐƌŽƵƉΛƌĞĂůƉĂƚŝĚĂƌ͘ĐŽŵ ĂŶĚ ůŝƐƚ ŽĨ / Ɛ ƵƐĞĚ ďǇ ŵĞ͘ Waj :\q_ 8:ͲP ŐƌŽƵƉΛƌĞĂůƉĂƚŝĚĂƌ͘ĐŽŵ bȿk D^ah\h5 8aj

ϰϯ ϰϱϱ ϳϬ ϳϱ ϭϮϭ ϭϯϭ ϰϱϳ ϭϯϵ

ϭϰϭ ϭϱϲ

ϭϲϳ

ϭϳϰ

ϭϴϴ ϰϲϯ

ϭϵ

ϮϬ Ϯϭ

ϮϮ

ϮϬͲ:ƵŶͲϮϬϭϬ K ϱ

zƵǀĂ ^ĂŶŐŚ ůĞĐƚŝŽŶƐ Ͳ^ĂƚƉĂŶƚŚŝƐ ĐĂŶŶŽƚ ĐŽŶƚĞƐƚ Ͳ ƐƚĞƉ ŝŶ ƌŝŐŚƚ ĚŝƌĞĐƚŝŽŶ Ȼkah d5GWj ȧNRj ͲdSX5 5l TjB [hF _: W e bD° ͲdhIh \hF½ S^Yȵk 5 ?D DU\ ϮϮͲ:ƵŶͲϮϬϭϬ ^ĞƌŝĞƐ ϭϱ WŝƌĂŶĂ ^ĂƚƉĂŶƚŚŶŝ WŽů ŶĞ ^ĂƚǇŶŽ WƌĂŬĂƐŚ ͲYƵŝĐŬ ^ƵŵŵĂƌǇ Xj^hRh dSX5TWj Xs_ 7Wp dƗ]Ws ̆Dhb ͲȬl5D dh^h5b ϮϳͲ:ƵŶͲϮϬϭϬ K ϲ DƵŵďĂŝ ŽŶĞ Ͳ^ĞĐƌĞƚĂƌǇ Ͳ^ĂƚƉĂŶƚŚͲ ĨŽƌĐĞĚ ƚŽ ƌĞƐŝŐŶ Ͳ ŶŽƚŚĞƌ ŝŶƐƚĂŶĐĞ ŽĨ ƚŚĞ ƐƚĞƉ ŝŶ ƌŝŐŚƚ ĚŝƌĞĐƚŝŽŶ ȺkZ 5 : LsW Ͳ\5́j ͲdSX5T Ͳ^hĥWhȺk5 _pah\h5 8ƥȻk5 ϮϵͲ:ƵŶͲϮϬϭϬ K ϳ ZƵůĞƐ ; ŽĚĞ ŽĨ ŽŶĚƵĐƚͿ ĨŽƌ ƐĞŶĚŝŶŐ ĞŵĂŝůƐ ƚŽ ƚŚĞ ŐƌŽƵƉ ʎkX\h :\q_ ȺkDah 7Wp \pƠZ^ ZWahWh iW]\s 7Wp 8Ih^ d5 eSh ĂŬƐŚŝŶ <ĂƌŶĂƚĂŬĂ ŽŶĞ Ͳ,ŝƐƚŽƌŝĐ ZĞƐŽůƵƚŝŽŶƐ WĂƐƐĞĚ U ëR DWh½ ND LsW Ͳ@iSehidD O^has Xdh^ D]h½ ^ĞƌŝĞƐ ϭϲ DŽŵŝŶ ŚĞƚĂŵĂŶŝ ; ĞǁĂƌĞ DŽŵŝŶƐͿ \s\jW IpSh\hWj

ϰϲϱ

ϮϬϭ ϰϲϵ

ϰϳϬ

Ϯϯ

ϮϵͲ:ƵŶͲϮϬϭϬ K ϴ

ϰϳϮ

Ϯϰ

ϬϲͲ:ƵůͲϮϬϭϬ

ϮϬϯ

Ϯϱ

ϬϲͲ:ƵůͲϮϬϭϬ

K ϵ

Ϯϲ

ϬϵͲ:ƵůͲϮϬϭϬ

K ϭϬ

Ϯϳ

ϭϭͲ:ƵůͲϮϬϭϬ

K ϭϭ

Ϯϴ

ϮϬͲ:ƵůͲϮϬϭϬ

Ϯϵ

ϮϮͲ:ƵůͲϮϬϭϬ

^ĞƌŝĞƐ ϭϳ ŝĐƚŝŽŶĂƌǇ ŵĞĂŶŝŶŐ ŽĨ ^ĂƚƉĂŶƚŚ ĂŶĚ ^ĂŶĂƚĂŶ dSX5T 7Wp dWhSW V\½ Ws ŝĐƚŝŽŶĂƌǇ \S_Z ' ϭ /ŵƉŽƌƚĂŶƚ ŝŶĨŽƌŵĂƚŝŽŶ ŽŶ ^ĂƚƉĂŶƚŚ ĂŶĚ ^ĂŵĂũ dSX5T 7Wp d\hK iac] X^ \eƗaWj \h eSj

ϯϬ

ϮϱͲ:ƵůͲϮϬϭϬ

K ϭϮ

ϯϭ

ϮϱͲ:ƵůͲϮϬϭϬ

' Ϯ

ϯϮ ϯϯ ϯϰ ϯϱ ϯϲ ϯϳ

ĞĐĞƉƚŝǀĞ 'ŽŽŐůĞ 'ƌŽƵƉ ĐƌĞĂƚĞĚ ƚŽ ĞǆƚƌĂĐƚ ǇŽƵƌ ŝĚĞŶƚŝƚǇ ĂŶĚ ŽƚŚĞƌ ŝŶĨŽƌŵĂƚŝŽŶ _sDsWj B`E 7Wp \h eSj Is^haah e°ȱ k ̉h\D Ȥ lF_ ʎkX bȿk Dȿ5k

ϰϳϵ

ůĞĂƌ Ƶƚ KƌĚĞƌ ĨƌŽŵ <<W ^ĂŵĂũ ƚŽ ĚĞďĂƌ Ăůů ^ĂƚƉĂŶƚŚŝƐ dSX5TjB d\hKWh \pƠZ^ WTj ?ɂk 5 IsEaN D^Ss 7͘[h͘D͘D͘Xh͘ d\hKWs IsEs 8U° b͘ ŚƵďĂŶĞƐŚǁĂƌ zƵǀĂŬ DĂŶĚĂů ͲZĞƐŽůƵƚŝŽŶ ĂŐĂŝŶƐƚ ^ĂƚƉĂŶƚŚ ĚĂƚĞĚ ϭϬͲ:ƵůͲ ϮϬϭϬ ȹkZWpĖ^ ȻkaD \5P`Ws dSX5T ia^sVWs Sh yx͘x ͘zxyx Ws O^ha͘

ϰϴϭ

ďƌŝĞĨ ŶŽƚĞ ƚŽƵĐŚŝŶŐ ƵƉŽŶ ďĂĐŬŐƌŽƵŶĚ ŽĨ ^ĂƚƉĂŶƚŚ ŝŶ ŽƵƌ ^ĂŵĂũ͘ 8XRj d\hK\h5 dSX5T V\½ X^ ĤRDh^ 8Xȱ 5 ?D Ȭ5Ds _pE

zƵǀĂƐĂŶŐŚ KƌĚĞƌ ĂƚĞĚ ϮϬͲ:ƵůͲϮϬϭϬ ŽƌĚĞƌŝŶŐ ĂĐƚŝŽŶ ĂŐĂŝŶƐƚ ^ĂƚƉĂŶƚŚŝƐ Ȼkahd5G Ws Sh zxͲx Ͳzxyx Ws dSX5TjBWh iaȿkV Ws 8U° b

DŝŶƵƚĞƐ ŽŽŬ Ěƚ͘ Ϭϲ Θ ϬϳͲ:ƵůͲϭϵϱϭ͕ ƐƵŐŐĞƐƚŝŶŐ <<W ^ĂŵĂũ ŝƐ ĨŽƌŵĞĚ ŽŶůǇ ďǇ ^ĂŶĂƚĂŶŝƐ x~ 7Wp x Ͳx Ͳy }y Wj \jWjN ȸ lD Ʌ lIap Jp D° 7͘[h͘D͘D͘Xh͘ d\hK YƈS dWhShWjB Ďh^h ;[j D^ah\h5 8aj ϮϲͲ:ƵůͲϮϬϭϬ ' ϯ WĂǀĂů ĂŶĚ WŝƌĂŶĂΖƐ 'Žůŝ Ͳ ,Žǁ ǁĂƐ ŝƚ ŵĂĚĞ Xha` 7Wp Xj^hRhWj Fs` ͲD°aj ^ Sp ZWhaah\h5 8aSj ϮϳͲ:ƵůͲϮϬϭϬ K ϭϮ <<W^ ͲDĞŵďĞƌƐŚŝƉ &ŽƌŵƐ 7͘[h͘D͘D͘Xh͘ d\hK Ͳ \pƠZ^bjX Ys\½ ϭϬͲ ƵŐͲϮϬϭϬ ^ĞƌŝĞƐ ϭϴ sĂůĚĂƐ DĂŚĂƌĂũΖƐ ůĞƚƚĞƌ Ͳ^ĂƚƉĂŶƚŚ ŝƐ Ă DƵƐůŝŵ ^ĞĐƚ ah_Uhd \eh^hKWs dSX5T V\½ X^ X́ ϭϮͲ ƵŐͲϮϬϭϬ K ϭϯ KƌŝŐŝŶĂů ZĞĂů WĂƚŝĚĂƌ 'ƌŽƵƉ B^ ĥW_ ^ ]_ XhN Uh^ ʎkX ϭϳͲ ƵŐͲϮϬϭϬ ^ĞƌŝĞƐ ϭϵ /ŶƚĞƌƉƌĞƚĂƚŝŽŶ ŽĨ ůĂƵƐĞ ϭϴ ŽĨ 'ŶĂƚŝ ZĞĞƚ ZŝǀĂũ ìhiSWh ^ S ^ahK D_\ y ȵk 7T½ 5 GNW ϭϴͲ ƵŐͲϮϬϭϬ ^ĞƌŝĞƐ ϮϬ 'ŽǀĞƌŶŵĞŶƚ ZĞĐŽƌĚƐ ŽŶ WŝƌĂŶĂ͕ DƵŵŶĂ ĂŶĚ Wŝƌ Xj^hRh͕ Ⱥk\Wh 7Wp Xj^ Ͳ d^Dh^ UƨShapK

ϰϴϯ

ϯϱϮ ϱϮϳ

ϰϴϳ

ϱϯϱ

ϱϱϰ ϰϵϬ ϯϲϵ ϰϵϯ ϯϳϮ ϯϳϱ

ϯϴ

ϭϴͲ ƵŐͲϮϬϭϬ ' ϰ

ϱϱϲ

ϯϵ

ϮϬͲ ƵŐͲϮϬϭϬ

ϰϵϱ

ϰϬ

ϮϰͲ ƵŐͲϮϬϭϬ

ϰϭ

ϮϴͲ ƵŐͲϮϬϭϬ

ϰϮ

ϯϬͲ ƵŐͲϮϬϭϬ

ϰϯ

ϯϬͲ ƵŐͲϮϬϭϬ K ϭϳ

ϰϰ

ϯϬͲ ƵŐͲϮϬϭϬ K ϭϴ

ϰϱ

ϯϬͲ ƵŐͲϮϬϭϬ ' ϱ

ϰϲ

ϯϬͲ ƵŐͲϮϬϭϬ ' ϲ

ϰϳ

ϯϭͲ ƵŐͲϮϬϭϬ ^ĞƌŝĞƐ ϮϮ <ĂŬĂ ŝƐ DƵƐůŝŵ ͲϭϵϮϭ ŽƵƌƚ ĂƐĞ Ͳ>ĂǆŵĂŶ <ĂŬĂ ǀͬƐ͘ ^ĂŝǇĞĚƐ DhDh Ⱥkd_\hW Jp Ͳy zy Ws DsN½ D°d Ͳ_Ǜ\R DhDh dh\p dqơ]Us ϬϲͲ^ĞƉͲϮϬϭϬ K ϭϵ <ŚŽŵďŚĂĚŝ sŝůůĂŐĞ Ͳ ĞĐŝƐŝŽŶƐ Ěƚ ϯϭͲ ƵŐͲϮϬϭϬ EsƠ[hP Fh\ ͲSh {yͲx Ͳzxyx Wh O^has ϭϱͲ^ĞƉͲϮϬϭϬ K ϮϬ DŽĚĞů hŶĚĞƌƚĂŬŝŶŐ >ĞƚƚĞƌ 8Ub½ Z eƛU^ X́ ϭϴͲ^ĞƉͲϮϬϭϬ ' ϳ EĞƚƌĂ 'ĂƵŵ ZĞƐŽůƵƚŝŽŶƐ ďŽǇĐŽƚƚŝŶŐ ^ĂƚƉĂŶƚŚŝƐ Wṕh Fh\Wh dSX5T Ws Z eƧDh^ D^Ss O^ha ϭϵͲ^ĞƉͲϮϬϭϬ K Ϯϭ ŶŐŝǇĂ sŝůůĂŐĞ Ͳϵ ĨĂŵŝůŝĞƐ ƋƵŝƚ ^ĂƚƉĂŶƚŚ ĂŶĚ ĞŵďƌĂĐĞ ^ĂŶĂƚĂŶ ŚĂƌŵ Ӕ F]h Fh\ Ͳ X ^ah^ dSX5T V\½ JsP dWhSW V\½ ӔFjDh^ D]Ҵ

ϰϴ ϰϵ ϱϬ ϱϭ

ĐƚŝŽŶ ĂŐĂŝŶƐƚ WƌŽͲ^ĂƚƉĂŶƚŚŝƐ ŝŶ ŽƵƌ ƐĂŵĂũ 8XRh d\hK\h5 dSX5TjBWh N° D°Uh^s dh\p XF_h5 K ϭϰ ƉƉƌĞĐŝĂƚŝŽŶ >ĞƚƚĞƌ ͲƚŽ ,ŝŵŵĂƚďŚĂŝ Θ dĞĂŵ ͲďǇ ŚŵĞĚŶĂŐĂƌ ŝƐƚƌŝĐƚ ^ĂŵĂũ k5 eƠ\S[h: 7Wp Sp\Wj N \ Wj ̆b5bh D^ȱ 7e\UWF^ ĥƣ_h d\hKWs X́ K ϭϱ tŚŽůĞ EĂǀĂ sĂĂƐ ;ZĂǀĂƉĂƌͿ ǀŝůůĂŐĞ ĞŵďƌĂĐĞƐ ^ĂŶĂƚĂŶ ŚĂƌŵ Wah ahd ;âhX^Ϳ Ďh^h dWhSW V\½ Ws ӔFjDh^ K ϭϲ hƉĚĂƚĞƐ ĨƌŽŵ ŶŐŝǇĂͲEĂŶĂ sŝůůĂŐĞ ŽŶ ^ĂƚƉĂŶƚŚ ӔFj] WhW Fh\Wh dSX5T X^ ShĤ d\hIh^ ^ĞƌŝĞƐ Ϯϭ ZĞǀĞĂůŝŶŐ dƌƵƚŚ ĞŚŝŶĚ ƚŚĞ &ĂůƐĞ WĂŵƉŚůĞƚ ŽŶ ^Śƌŝ EĂƌĂǇĂŶ ZĂŵũŝ >ŝŵďĂŶŝ k 5 XpƠX_pN XhJ` Wj ahƨSiaDSh k5 Wh^h]R ^h\ĥWp ZUWh\ D^ȱ EsȬ <ĂůĂƌŝǇĂ WĂƌŝǀĂƌ ĂŶƐ ^ĂƚƉĂŶƚŚ Dh_^ ]h X âh^ Ďh^h dSX5T Ws Z eƧDh^ ZĞĐĞŶƚ ĞǀĞůŽƉŵĞŶƚƐ ŝŶ <ŽƚĂĚĂ :ĂĚŽĚĂƌ sŝůůĂŐĞ DsNPh KPsU^ Fh\\h5 dSX5T iacp GNWhB EĂŬƌĂŶŝ WĂƌŝǀĂƌ ďŽǇĐŽƚƚƐ ^ĂƚƉĂŶƚŚŝƐ WhD^hRj X âh^ dSX5TjBWs Z eƧDh^ D]Ҵ /ŶĨŽƌŵĂƚŝŽŶ ŽŶ ^ĂƚƉĂŶƚŚ͘ŽƌŐ ŝƐ ǁƌŽŶŐ Θ >ŝƐƚ ŽĨ WŝƌĂŶĂΖƐ <ĂŬĂ dSX5T apZdh:N X^ EsN \h eSj 7Wp Xj^hRh Wh DhDhBWj ]hU

ϱϮ

ϭϵͲ^ĞƉͲϮϬϭϬ K ϮϮ

ϱϯ

ϭϵͲ^ĞƉͲϮϬϭϬ ' ϴ

ϱϰ

ϮϳͲ^ĞƉͲϮϬϭϬ ^ĞƌŝĞƐ Ϯϯ ĂƐŽŶĚ ͲtƌŽŶŐ ĞĨŝŶŝƚŝŽŶ ŽŶ ^ĂƚƉĂŶƚŚ͘ŽƌŐ UdsƛU Ws EsNs 7T½ dSX5TWh apZd:N X^ ϬϱͲKĐƚͲϮϬϭϬ ' ϵ ŐŶŝ ^ĂŶƐŬĂƌ͕ ^ĂŵĂĚŚŝ͕ ĂĨĂŶ sŝĚŚŝ 7 ƊW d5ƨDh^͕ d\hVj 7Wp UYW iaiV ϬϳͲKĐƚͲϮϬϭϬ ^ĞƌŝĞƐ Ϯϰ WĞƌƐŽŶƐ ĂŶĚ ƌĞĂƐŽŶƐ ďĞŚŝŶĚ ĞŵďƌĂĐŝŶŐ >ĂǆŵŝŶĂƌĂǇĂŶ ^ĞĐƚ _Ǜ\jWh^h]R d5̆Uh] 7XWhaah XhJ` _sDs 7Wp Dh^Rs ϬϵͲKĐƚͲϮϬϭϬ K Ϯϯ WƵŶĞ ^ĂŵĂũ ŽŶƐŝƚƵƚŝŽŶ Ͳ^ĂƚƉĂŶƚŚŝƐ ŶŽƚ ĂůůŽǁĞĚ ȶkWh d\hK Z5Vh^R ͲdSX5TjB \pƠZ^ W e ZWj bD° ϭϬͲKĐƚͲϮϬϭϬ K Ϯϰ dŚĂŶŬŝŶŐ EŝƚĞƐŚ Θ ŚŝƐ ƚĞĂŵ ĨŽƌ ŚĞůƉŝŶŐ ^ĂŶĂƚĂŶŝƐ WjSpb 7Wp ?Wj N \ Wp dWhSWjWp \UU D^ah ZĆ_ 8[h^ ϮϲͲKĐƚͲϮϬϭϬ ' ϭϬ ĞƐĂůƉĂƌ ;'Ϳ ͲZĞƐŽůƵƚŝŽŶƐ ͲďŽǇĐŽƚƚŝŶŐ ^ĂƚƉĂŶƚŚŝƐ U° d_X^ ;ȤkS 5 _jͿ Fh\Wh O^has ͲdSX5TjB Ws Z eƧDh^ ϬϰͲEŽǀͲϮϬϭϬ ^ĞƌŝĞƐ Ϯϱ EĂƌĂǇĂŶ ĂƉĂΖƐ ƐƉĞĞĐŚ ŽŶ ^ĂƚƉĂŶƚŚ ĂƐ ǀƚĂĂƌ͕ ĚĂƚĞĚ ϬϳͲKĐƚͲϭϵϮϮ dSX5T Ud 7aSh^ X^ Wh^h]R ZhXȵk Sh͘ x ͲyxͲy zz ȵk 5 [hcR 5

ϱϱ ϱϲ ϱϳ ϱϴ ϱϵ ϲϬ

sŝƌĂŶŝ 'ĂĚŚ ͲDĂŶĚǀŝ dĂůƵŬĂ Ͳϭ ĨĂŵŝůǇ ƋƵŝƚƐ ^ĂƚƉĂŶƚŚ ĂŶĚ ĞŵďƌĂĐĞƐ ^ĂŶĂƚĂŶ ŚĂƌŵ ia^hRj FQ Ͳ\h5Paj ShɀkDh Ͳy X ^ah^ dSX5T Ɨ]hFj dWhSW V\½ ƨajDh]Ҵ ^ĂƚƉĂŶƚŚ ;EŽŶͿ ,ŝŶĚƵ ƌĞůŝŐŝŽŶ Ͳ&ĂůƐĞ ;ƐŽ ĐĂůůĞĚͿ ĐĞƌƚŝĨŝĐĂƚĞ ŽďƚĂŝŶĞĚ dSX5T ;ZjWͿ e ȳk V\½ ͲEsNh ;De°ahShͿ ̆\hR X́ _pah]h

ϰϵϴ ϰϵϵ ϯϳϵ

ϱϬϬ ϱϬϮ ϱϲϬ ϱϲϭ

ϯϵϱ ϱϬϰ ϱϬϵ ϱϲϯ ϱϭϭ

ϱϭϯ

ϱϲϳ

ϯϵϵ ϱϲϵ ϰϬϰ ϱϭϰ ϱϭϵ ϱϳϬ ϰϬϴ

ϲϭ ϲϮ

ϲϯ

ϲϰ ϲϱ ϲϲ ϲϳ

ϭϲͲEŽǀͲϮϬϭϬ ' ϭϭ

,ŝƐƚŽƌǇ ŽĨ ^ĂŶĂƚĂŶ ŚĂƌŵ ŝŶ <<W^ dWhSW V\½ Ws 7͘[h͘D͘D͘Xh͘ d\hK\h5 9iSehd ϭϳͲEŽǀͲϮϬϭϬ K Ϯϱ WƌĞƐŝĚĞŶƚ ŽĨ ^ĂƚƉĂŶƚŚ ^ĂŵĂũ WŚǇƐŝĐĂůůǇ ZĞŵŽǀĞĚ KƵƚ ŽĨ sĂŶĚŚĂǇ hŵŝǇĂ DĂƚĂũŝ DĂŶĚŝƌ dSX5T d\hKWh ̆ȺkE Wp ;i\]h \hShĥ \5 U^͕ ah5Qh]͕ \h5Tj Zeh^ D^ah\h5 8ƥ]h ϮϬͲEŽǀͲϮϬϭϬ ^ĞƌŝĞƐ Ϯϲ ŚĂŝŶƐ ŽĨ WŝƌĂŶĂ Ͳ ƐŚŽƌƚ ĂƌƚŝĐůĞ ĂďŽƵƚ ĐŚĂŶŐĞƐ ŝŶ WŝƌĂŶĂ Iqƛd BY Xj^hRh ͲXj^hRhWh eh_Wh ZU_haȵk WҭV _p 5 Ss ȬlDs _pE ϬϱͲ ĞĐͲϮϬϭϬ ^ĞƌŝĞƐ Ϯϳ ZĞƉůǇ ƚŽ WĂƚŝĚĂƌ ^ĂŶĚĞƐŚΖƐ ĞĚŝƚŽƌŝĂů XhN Uh^ d5U°bWh S5́j _pE Ws KahZ ϮϯͲ ĞĐͲϮϬϭϬ K Ϯϲ ^ƚĂƌƚŝŶŐ ŽĨ ^D^ 'ƌŽƵƉ ǁŝƚŚ ŝďŝďŽ ŝďŝďŽ\h5 ^D^ ʎkX Wj bĮ8S ϮϰͲ ĞĐͲϮϬϭϬ ' ϭϮ ,Žǁ ǁĂƐ WĂǀĂů ĂŶĚ ŵŝ dĂďůĞƚ ŵĂĚĞ Xha` 7Wp 7\jWj Fs` D°aj ^ Sp ZWhah\h5 8aSj ϮϱͲ ĞĐͲϮϬϭϬ ^ĞƌŝĞƐ Ϯϴ ,Žǁ ƚŽ ĐŽƵŶƚĞƌ ƚŚĞ ƚŚƌĞĂƚ ƉŽƐĞĚ ďǇ DĂǀĂůƐ \ha`Wj d\ƨ]h dh\p D°ah5 XF_h5 _pah5

ϱϳϮ ϱϮϭ

ϰϮϮ

ϰϮϵ ϱϮϰ ϱϳϱ ϰϰϳ

ĂĐŬŐƌŽƵŶĚ ZĞĂů WĂƚŝĚĂƌ ŝƐ Ă ŵŽǀĞŵĞŶƚ ďǇ ƚŚĞ ŽƌĚŝŶĂƌǇ ƉĞŽƉůĞ ŽĨ ^Śƌŝ ŬŚŝů ŚĂƌĂƚŝǇĂ <ĂĐŚĐŚŚ <ĂĚǀĂ WĂƚŝĚĂƌ ^ĂŵĂũ ; <<W^Ϳ ĨŽƌ ĞŶůŝŐŚƚĞŶŝŶŐ ƚŚĞ ĨĞůůŽǁ ŵĞŵďĞƌƐ ŽŶ ƚŚĞ ŝƐƐƵĞƐ ƌĞůĂƚŝŶŐ ƚŽ ƚŚĞ ƌĞůŝŐŝŽŶ ĂŶĚ ŚŝƐƚŽƌǇ ŽĨ ƚŚĞ 'ŶĂƚŝ ; ŽŵŵƵŶŝƚǇͿ ĂŶĚ ^ĂŵĂũ ;^ŽĐŝĞƚǇͿ͘ /ƚ ŝƐ ĂŶ ŚŽŶĞƐƚ ĂƚƚĞŵƉƚ ƚŽ ůŽŽŬ ĚŽǁŶ ƵƉŽŶ ƚŚĞ ŚŝƐƚŽƌǇ ĂŶĚ ƚŽ ƵŶĚĞƌƐƚĂŶĚ ŝƚ͘ ŵƉŚĂƐŝƐ ŽĨ ƚŚŝƐ ŵŽǀĞŵĞŶƚ ŝƐ͖ • /ŶĨŽƌŵĂƚŝŽŶ ŐĂƚŚĞƌĞĚ ŽŶ ƚŚĞ ƌĞůŝŐŝŽŶ ĨŽůůŽǁĞĚ ďǇ ƚŚĞ ĐŽŵŵƵŶŝƚǇ ŵĞŵďĞƌƐ ĂŶĚ ƚŽ ƉƌĞƐĞŶƚ ŝƚ ďĞĨŽƌĞ ŽƚŚĞƌ ŵĞŵďĞƌƐ͘ • ŵƉŚĂƐŝƐ ŝƐ ůĂŝĚ ŽŶ ƚŚĞ ƌĞůŝŐŝŽƵƐ ŚŝƐƚŽƌǇ ƉƌŝŽƌ ƚŽ ϭϵϲϬ͘ • dŽ ŬĞĞƉ ŵĞŵďĞƌƐ ĂďƌĞĂƐƚ ĂďŽƵƚ ƚŚĞ ƌĞĐĞŶƚ ĚĞǀĞůŽƉŵĞŶƚƐ ŽŶ ƚŚŝƐ ĨƌŽŶƚ͘ DŽƌĞ ŝŶĨŽƌŵĂƚŝŽŶ͕ ƵƉĚĂƚĞƐ ĂŶĚ ƌĞĐĞŶƚ ĚĞǀĞůŽƉŵĞŶƚƐ ĐĂŶ ďĞ ĨŽƵŶĚ ŽŶ ǁǁǁ͘ƌĞĂůƉĂƚŝĚĂƌ͘ĐŽŵ

ȶƧk Oȹ li\ ^ ]_ XhN Uh^͕ ?D KW ӕUs_W Jp ̒j 7 E_ [h^Sj] DƍJ DPah XhN Uh^ d\hK 7 [h D D Xh d\hK Wh dhVh^R _sDs? ;XhP°ɀ k5 8 ӕUs_W Jp ͕ ȐWs \DdU _sDsWp V\½ ӔFp ĤFȿkD D^ahWs Jp 7Wp SpWj dhTp KsPh]p_h Vhi\ D ȺkĆhB X^ ̆Dhb XPahȵk 5 Jp d\hKWh 9iSehd X^ WK^ D^ Wp KsahWs 7Wp SpRp d\KahWs ?D ̆\h RD ̆]hd Jp

k5 8 KW ӔUs_Wȵk Ⱥk 5 Ɖ] e°ȱ • d\hKWh dƟ]s Ďh^h Xh`Ss V\½ X^ \h eSj [pFj D^ Wp _sDs dh\p ȺkDaj • : d y ~x Tj Xe°_h5Ws Vhi\ D 9iSehd X^ [h^ ȺkDah\h5 8ƥ]s Jp • 8 ȺkĆhX^ eh_ \h5 TSj ̆FiSTj _sDsWp ahD°Y D^ah\h5Ws XR ̆]hd Jp

ǁǁǁ͘ƌĞĂůƉĂƚŝĚĂƌ͘ĐŽŵ X^ aȴk \h eSj WajWSh 7Wp eh_Wj GNWhB ĤRj bDbs

This page is intentionally left blank

iWapUW WƌĞĨĂĐĞ U^° D \hRd ðh^° D Wp ðh^° D Ss XsShȵk 5 7Wp SpWh d\hKȵk 5 9iSehd ĤRah ;ƗɅkD TSs es] Jp XhOÈ ˲\\h5 Ss YƈS U° b 7Wp dh\hƛ] 9iSehdȵk 5 ìhW \`p Jp 8XRj ìhiS 7Wp d\hKWh 9iSehd iac]ȵk \hȿk 5 5 ìhW ZɆ k 5 dji\S eȱk 5

ǀĞƌǇďŽĚǇ͕ Ăƚ ƐŽŵĞ ƉŽŝŶƚ ŽĨ ƚŝŵĞ ǁŽƵůĚ ďĞ ĐƵƌŝŽƵƐ ĂďŽƵƚ ŽŶĞ͛Ɛ ƉĂƐƚ ĂŶĚ ŽĨ ŚŝƐ ĂŶĐĞƐƚŽƌƐ͘ /Ŷ ƐĐŚŽŽů ǁĞ ŽŶůǇ ůĞĂƌŶ ĂďŽƵƚ ŚŝƐƚŽƌǇ ŽĨ ŽƵƌ ŽƵŶƚƌǇ ĂŶĚ ^ŽĐŝĞƚǇ ŝŶ ŐĞŶĞƌĂů͘ ,ĞŶĐĞ͕ ŵǇ ŬŶŽǁůĞĚŐĞ ĂďŽƵƚ ƚŚĞ ŚŝƐƚŽƌǇ ŽĨ ŽƵƌ ĐŽŵŵƵŶŝƚǇ ǁĂƐ ůŝŵŝƚĞĚ ƚŽ ƚŚĞ ŬŶŽǁůĞĚŐĞ / ŐŽƚ ĨƌŽŵ ĂĐĂĚĞŵŝĐƐ͘ 8XRj ìhiS ?N_p ̒j DƍJ DPah XhN Uh^ ìhiS ? XsShWh _sDsWp dhIs 9iSehd d\Kahȵk 5 \eƗa ðh^° ] d\ԌȻk 5 WTj WhWXRTj Ȑ\ \sNs T]s Ɨ]h^Tj 9iSehdWh Zh^h\h5 \Wp ?NɀkK 5 k5 8XRj ìhiS ȐWs Ⱥ l` V\½ dWhSW V\½ eSs Sp :^hW U° bTj 8ap_ dh5[`ah\h5 \ƤȻk 5 eȱ D° V\± Ⱥkd_\hW :\h\ bhe Zhah Ďh^h ZShap_ ib]h Ⱥkd_\hW V\½ȵ k 5 ?D Yh5Ȭk5 FRhȱk 5 WjLh^ k 5 Nh Yh5Ȭk5 FRhSs dSX5T V\½ Xh`Sj eSj ȐRp :\h\bhe D° Xj^hRh dSX5T XR :ƨ\h:_j V\½ȵ Xp S^ D° XR B`Eah\h5 8ap Jp 7Wp 7ȺkD Uh]Dh Xe°_h5 XhJs dWhSW V\½ ӔFjDh^ D^ Wp XhJh e ȳk ZWj F]h Jp d\hK\h5 dhIs Vhi\ D 9iSehd ĤRahah`h _sDsWs aF½ 7 _ƜS eSs

KƵƌ ŽŵŵƵŶŝƚǇ͕ ^Śƌŝ <ĂĐŚĐŚŚ <ĂĚǀĂ WĂƚŝĚĂƌ ŽŵŵƵŶŝƚǇ͕ ŚĂĚ ŶĞǀĞƌ ƵŶĚĞƌƐƚŽŽĚ ƚŚĞ ŝŵƉŽƌƚĂŶĐĞ ŽĨ ĞĚƵĐĂƚŝŶŐ ŝƚƐ ŵĞŵďĞƌƐ ĂďŽƵƚ ƚŚĞ ƚƌƵĞ ŚŝƐƚŽƌǇ͘ &ƌŽŵ ƚŚĞ ƚŝŵĞ / ŐƌĞǁ͕ ƚŚĞ ŽŶůǇ ƚŚŝŶŐ / ŚĞĂƌĚ ǁĂƐ ƚŚĂƚ ŽƵƌ ŽŵŵƵŶŝƚǇ͕ ŽƌŝŐŝŶĂůůǇ ĨŽůůŽǁĞƌƐ ŽĨ ^ĂŶƚĂŶ ZĞůŝŐŝŽŶ ;,ŝŶĚƵŝƐŵͿ͕ ƵƐĞĚ ƚŽ ĨŽůůŽǁ ^ĂƚƉĂŶƚŚ ƌĞůŝŐŝŽŶ͕ Ă ŶŝǌĂƌŝ ƐŚŝĂ ŵƵƐůŝŵ ƐĞĐƚ͕ ĂůƐŽ ŬŶŽǁŶ ĂƐ /ŵĂŵ^ŚĂŚŝ ^ĂƚƉĂŶƚŚ Žƌ WŝƌĂŶĂ ^ĂƚĂƉĂŶƚŚ͕ ĂĚǀŽĐĂƚĞĚ ďǇ Ă ŵƵƐůŝŵ͕ /ŵĂŵ ^ŚĂŚ ĂǁĂ͕ ǁŚŽ ĐĂŵĞ ĨƌŽŵ /ƌĂŶ͘ ŶĚ ŽĨͲůĂƚĞ ƌĞͲĞŵďƌĂĐĞĚ ,ŝŶĚƵ ƌĞůŝŐŝŽŶ ĨĞǁ ĚĞĐĂĚĞƐ ĂŐŽ͘ dŚĞ ůĞǀĞů ŽĨ ŐĞŶĞƌĂů ŬŶŽǁůĞĚŐĞ ĂďŽƵƚ ƌĞůŝŐŝŽƵƐ ŚŝƐƚŽƌǇ͕ ĂŵŽŶŐƐƚ ƚŚĞ ŵĂƐƐĞƐ͕ ǁĂƐ ĂƐƚŽŶŝƐŚŝŶŐůǇ ƐŽ ƉŽŽƌ͕ ƚŚĂƚ ƚŚĞƌĞ ǁĂƐ ŶŽ ŬŶŽǁŶ ƐŽƵƌĐĞ ƚŽ ŬŶŽǁ ĂďŽƵƚ ƚŚĞ ƚƌƵĞ ŚŝƐƚŽƌǇ͘ Ɇ k 5 e5\pbh ?\K V^Ss eSs D° ìhiS 7Wp d\hK ?DK FRh] Zjĥ 8XRj ìhiS\h5 dWhSW d\hK 7Wp dSX5T d\hK ?\ Zp d\hKsWh Zh^h\h5 XR ahSs d5[`hSj eSj XR Ds: Uad ? ahS XhJ`Wj JRhaN ĤRahWs \Ҫ ̆]ƗW Wh D]Ҵ ìhiS 7Wp d\hK ?DK aƨȱ k Wh Zp Wh\ d\ĥ ?Wh X^ ƚ]hW Wh 8ƜȻk 5 Ɨ]h^° dSX5TjB Ďh^h dWhSW d\hKWh _sDsWp ?D әP ]sKWh ȶ la½D cP]5́ \h^YS EsN ^ Sp e°^hW DâhWh ZWhas dh5[àh\h5 8ƥ]h 8 8 ZWhas ?N_h aVSh F]h D° 7ë^b6 DƍJWh U^° D Fh\s\h5Tj 8ah ZWhas dh5[àh\h5 8ƥ]h iWUҴc _sDsWp SĆW 7Wp eè`Sh EsNh Xs_jd 7Wp DsN½ D°ds\h5 YdhajWp dWhSW V\½Wh D]½D^ShBWp Pâhȵk 5

cP]5́ ^Ipɀ k5 U° Ehah _hƊȻk 5 8ah DƨdhB Vj^° Vj^° aVSh F]h Jp ƣ_p 7iS ȳk 6E dhTp ĤRah \ƤȻk 5 D° 8XRj ìhiS\h5 [hF_h Jp 7Wp Sp\h5 Zp d\hK Jp 7Wp ZjKs d\hK eSs dSX5T d\hK Ȑ :\h\ bhe Zhah Ďh^h ZShap_ dSX5T V\½ Xh`Ss eSs

/ ĂůǁĂǇƐ ĨĞůƚ ƚŚĂƚ ƚŚĞ ǁŽƌĚƐ ͚ ŽŵŵƵŶŝƚǇ͛ ĂŶĚ ͚^ŽĐŝĞƚǇ͛ ǁĞƌĞ ŽŶĞ ĂŶĚ ƚŚĞ ƐĂŵĞ ĂŶĚ ƵƐĞĚ ŝŶƚĞƌĐŚĂŶŐĞĂďůǇ͘ KŶ ƚŚĞ ŽƚŚĞƌ ŚĂŶĚ / ƵƐĞĚ ƚŽ ŚĞĂƌ ĂďŽƵƚ ^ĂŶĂƚĂŶ ^ĂŵĂũ ĂŶĚ ^ĂƚƉĂŶƚŚ ^ĂŵĂũ ;ďŽƚŚ ƐĞƉĂƌĂƚĞ ƐŽĐŝĞƚŝĞƐͿ ǁŝƚŚŝŶ ŽƵƌ ĐŽŵŵƵŶŝƚǇ͘ Ƶƚ / ŶĞǀĞƌ ďŽƚŚĞƌĞĚ ƚŽ ƉƵƚ ĞŶŽƵŐŚ ĞĨĨŽƌƚƐ ƚŽ ƵŶĚĞƌƐƚĂŶĚ ƚŚĞ ŝŶƚƌŝĐĂĐŝĞƐ ŽĨ ƚŚĞ ǁŽƌĚƐ ͚ ŽŵŵƵŶŝƚǇ͛ ĂŶĚ ͚^ŽĐŝĞƚǇ͛͘ KŶ ƚŚĞ ŽƚŚĞƌ ŚĂŶĚ͕ / ƐƚĂƌƚĞĚ ŶŽƚŝĐŝŶŐ ƚŚĞ ĐƌŝĞƐ ŝŶ ŽƵƌ ƐŽĐŝĞƚǇ ĂďŽƵƚ ƚŚĞ ƐǇƐƚĞŵĂƚŝĐ ĂƚƌŽĐŝƚŝĞƐ ĐĂƵƐĞĚ ďǇ ƉĞŽƉůĞ ĨƌŽŵ ^ĂƚƉĂŶƚŚ ^ĂŵĂũ͘ >ŝƚĞƌĂůůǇ ĞǀĞƌǇ ǀŝůůĂŐĞ͕ ŝŶ <ĂĐŚĐŚŚ͕ ǁĂƐ ǀŝĐƚŝŵ ŽĨ ƚŚĞ ǀĞƌǇ ƐǇƐƚĞŵĂƚŝĐ ĂƚƌŽĐŝƚŝĞƐ ;ƉůĂŶŶĞĚ ŝŶ Ă ǁĂǇ ƚŚĂƚ ƚŚĞ ǀŝĐƚŝŵ ŐĞƚƐ ĞŶƚĂŶŐůĞĚ ŝŶ ĨĂůƐĞ ƉŽůŝĐĞ ĂŶĚ ĐŽƵƌƚ ĐĂƐĞƐͿ ĐĂƵƐĞĚ ǁŝƚŚ ƚŚĞ Ăŝŵ ƚŽ ĐƌĞĂƚĞ ĂŶ ĞŶǀŝƌŽŶŵĞŶƚ ŽĨ ĨĞĂƌ ĂŵŽŶŐƐƚ ƚŚĞ ƉĞŽƉůĞ ǁŚŽ ǁŽƌŬ ĂŶĚ ƐƉĞĂŬ ĨŽƌ ƚŚĞ ŝŶƚĞƌĞƐƚƐ ŽĨ ƚŚĞ ^ĂŶĂƚĂŶ ;,ŝŶĚƵͿ ZĞůŝŐŝŽŶ͘ dŚĞƐĞ ĐƌŝĞƐ ďĞĐĂŵĞ ůŽƵĚĞƌ ĂŶĚ ůŽƵĚĞƌ͘ dŽ ŵǇ ŐƌĞĂƚ ĚŝƐŵĂǇ͕ / ůĞĂƌŶƚ ƚŚĂƚ ŽƵƌ ĐŽŵŵƵŶŝƚǇ ǁĂƐ ŶŽƚ ƵŶŝƚĞĚ ĂŶĚ ŝƚ ŚĂƐ ƚǁŽ ƐŽĐŝĞƚŝĞƐ͕ ƚŚĞ ŽƚŚĞƌ ďĞŝŶŐ ^ĂƚƉĂŶƚŚ ^ĂŵĂũ͕ ĨŽůůŽǁŝŶŐ ƚŚĞ ƌĞůŝŐŝŽŶ ƉƌĞĂĐŚĞĚ ďǇ /ŵĂŵ ^ŚĂŚ ĐĂůůĞĚ ^ĂƚƉĂŶƚŚ͘ 8XRj d\hK͕ ?N_p ̒j 7 E_ [h^Sj] DƍJ DPah XhN Uh^ d\hK͕ Wh }x ac½ ȶ lR½ TahWh ȶ la½ d5ƚ]h U^Ơ]hW dSX5Tj Ďh^h TSj DWPFSWh GRh DƨdhB dh\p 8ah _hƊ]h 8aj DWPFS Wh Dh^Rp dh\hƛ] _sDsWj _hFRjB ȳk [haah _hFj͘ _sDs\h5 ȣkZ \sNs ^sc ĤƊ]s Vhi\ D 9iSehd ĤRahWj ;ƗD5Oh ?N_j aVSj F: D° \Wp dSX5T V\½ 7Wp SpWh Ⱥ l` idVh5Ss 7Wp Ⱥ lƣ]s X^ d5bsVW D^ah \Kȸ l^ Tɂk 5 XPȾk 5

KĨͲůĂƚĞ͕ ĚƵƌŝŶŐ ƚŚĞ ĞǀĞ ŽĨ ϱϬƚŚ ĂŶŶŝǀĞƌƐĂƌǇ ŽĨ ƚŚĞ ĐŽŶƐƚŝƚƵƚŝŽŶ ŽĨ ŽƵƌ ^ĂŵĂũ ;ƐŽĐŝĞƚǇͿ͕ ^Śƌŝ ŬŚŝů ŚĂƌĂƚŝǇĂ <ĂĐŚĐŚŚ <ĂĚǀĂ WĂƚŝĚĂƌ ^ĂŵĂũ͕ ;͞ <<W^͟Ϳ ƚŚĞ ŶƵŵďĞƌ ŽĨ ŝŶƐƚĂŶĐĞƐ ŽĨ ĂƚƌŽĐŝƚŝĞƐ ĐĂƵƐĞĚ ďǇ ƉĞŽƉůĞ ĨƌŽŵ ^ĂƚƉĂŶƚŚ ^ĂŵĂũ͕ ŝŶĐƌĞĂƐĞĚ ĚƌĂŵĂƚŝĐĂůůǇ͘ dŚĞ ƉĂŝŶ ĐĂƵƐĞĚ ďǇ ƚŚĞƐĞ ĂƚƌŽĐŝƚŝĞƐ ǁĂƐ ƐŽ ŚŝŐŚ ƚŚĂƚ ŝƚ ƚŽƵĐŚĞĚ ƚŚĞ ŶĞƌǀĞƐ ŽĨ ĐŽŵŵŽŶ ƉĞŽƉůĞ͘ dŚĞ ĨĞĞůŝŶŐƐ ŽĨ ŽƌĚŝŶĂƌǇ ƉĞŽƉůĞ ǁĞƌĞ ŚƵƌƚ͘ dŚĞƌĞ ǁĂƐ ƚƌĞŵĞŶĚŽƵƐ ƵƉƌŽĂƌ ĂŵŽŶŐƐƚ ƚŚĞ ŽƌĚŝŶĂƌǇ ƉĞŽƉůĞ ĂŐĂŝŶƐƚ ^ĂƚƉĂŶƚŚ͘ DǇ ĐƵƌŝŽƐŝƚǇ ƚŽ ŬŶŽǁ ƌĞůŝŐŝŽƵƐ ŚŝƐƚŽƌǇ ŝŶĐƌĞĂƐĞĚ ĂŶĚ ƚŚƵƐ ůĞĂĚ ŵĞ ƚŽ ĚŽ ƌĞƐĞĂƌĐŚ ŽŶ ^ĂƚƉĂŶƚŚ ƚŽ ƵŶĚĞƌƐƚĂŶĚ ŝƚƐ ďĂƐŝƐ͕ ĨƵŶĚĂŵĞŶƚĂůƐ͕ ƉƌŝŶĐŝƉĂůƐ ĂŶĚ ǀĂůƵĞƐ͘ K]h^° \Wp EZ^ XP D° Xj^hRh dSX5T 9ƨ_h\ ȵk 5 ?D ZɆk5 7d^Dh^D 7Wp GhSD eiT]h^ ȐRp

՟Sh D]hՠ De°ah\h5 8ap Jp ? ahX^° Jp ͕ Ɨ]h^° \Wp ZɆk5 \sNs 8GhS _hƊ]s D° Sh D]h ?N_p _sDsWp [^\haah [hF_h Dâh ĠXhaah Jp Sâh 7Wp ZpaȢY l ZWhajWp dSX5T e ȳk V\½ȵ 5k Yh5Ȭ5k Jp ?\ EsN ^ Sp Odhaj XsShWs V\½ aVhâs Zjĥ Zhȩk dSX5T V\½\h5 UdsƛU ?N_p ahic D 8aDWs Ud\s [hF Sp\Wh V\½ WpShBWp 8Xahȵk 5 De° Jp Sp XqdhWs edhZ \h5FahWs Ds:Wp 7iVDh^ WTj ƨah[hiaD Jp D° ȐN_h aȴk 7ȵk] 5 h]s ?N_h aȴk Xqdh Sp\Wh Wp ShBWp \`p Sp\Ws ĠXs e°ȱ 5k IsEs U° Eh] 8ap Jp D° XsShWh 7ȵk] 5 ]sWj GNSj d5Ɖ]h 7NDhaah ìhiSWh 7ƛ] _sDsWp Sh D]h

aP° ZpaȢY 5 h]s ZWhaah 8\ l ZWhajWp e ȳk V\½ Jp ?ɂk 5 EsȬ5k d\ĤajWp Sp \Rp dSX5TWh 7ȵk] DâhTj dh\ KD 7Wp 8T D ƥ]aeh^\h5 SD_jY Wh Th] Spas XsShWs Yh]Us Spɂ 5k ɅkiWiĔS D^ _pahSs ìhiSWs \sNs aF½ 9iSehdTj ZpEZ^ esahWh Dh^Rp Sh D]h Ws ;X]sF ȣkZ dY` T]s ìhiS Ws Vhi\ D 9iSehd 7Wp ac½ y ~x\h5 Xj^hRh dSX5TTj 7_F T: ?D dWhSWj BÈ V^haSj Waj d\hK iaiVaS ;[j Dâh\h5 8aj Sp ahS ĤRp da± ȹ l_j F]h eSh 8 ̆d5Fp WҭV _pah5 Ȑaj Zjĥ ahS ? XR Jp D° ac½ y {x 7Wp y |x U^Ơ]hW dWhSWj d\hKWh 7 ƨSƗaWh UƨShapKs Ksah \`p Jp ȐRp 8F` aVSh y ~x\h5 Dh]UhD ] ĮX U° ah\h5 8ƥȻk 5

/ ǁĂƐ ƐŚŽĐŬĞĚ ƚŽ ůĞĂƌŶ ƚŚĂƚ WŝƌĂŶĂ ^ĂƚƉĂŶƚŚ ƵƐĞƐ ƚŚĞ ŵŽƐƚ ĚƌĞĂĚĞĚ ĂŶĚ ĞĨĨĞĐƚŝǀĞ ǁĞĂƉŽŶ ŽĨ /ƐůĂŵ͕ ƚŚĞ dĂƋŝǇĂĂ͕ ƚŽ ĐŽŶĨƵƐĞ͕ ĚŝǀŝĚĞ͕ ĐŽŶĐĞĂů ĂŶĚ ƚŽ ĨŽŽů ƉĞŽƉůĞ ƚŽ ŵĂŬĞ ƚŚĞŵ ďĞůŝĞǀĞ ƚŚĂƚ ^ĂƚƉĂŶƚŚ ŝƐ Ă ,ŝŶĚƵ ƐĞĐƚ͘ ^ĂƚƉĂŶƚŚ ĂůƐŽ ĂĚǀŽĐĂƚĞƐ ƉĂǇŝŶŐ ƚŝƚŚĞ ;͞ ĂƐŽŶĚ͟Ϳ͕ ;ϭϬй ŽĨ ĂŶŶƵĂů ŝŶĐŽŵĞͿ ƚŽ ŝƚƐ ƌĞůŝŐŝŽƵƐ ŚĞĂĚƐ͘ EŽďŽĚǇ ŚĂƐ ƌŝŐŚƚ ƚŽ ƋƵĞƐƚŝŽŶ ƚŚĞ ƵƐĞ ŽĨ ƚŚŝƐ ŵŽŶĞǇ͘ EĂƚƵƌĂůůǇ ŵŽƌĞ ƚŚĞ ŶƵŵďĞƌ ŽĨ ĨŽůůŽǁĞƌƐ͕ ƚŚĞ ŐƌĞĂƚĞƌ ǁŽƵůĚ ďĞ ƚŚĞ ƐŚĂƌĞ ŽĨ ŵŽŶĞǇ ƌĞĐĞŝǀĞĚ ĞĂĐŚ ǇĞĂƌ͕ ďǇ ŝƚƐ ůĞĂĚĞƌƐͬƉƌĞĂĐŚĞƌƐ͘ dŚĞ ƵůƚĞƌŝŽƌ ŵŽƚŝǀĞ ĐĂŵĞ ŽƵƚ ǀĞƌǇ ĐůĞĂƌ ĂŶĚ ƚŚĂƚ ǁĂƐ ƚŽ ƐĂǀĞ ŝƚƐ ĚǁŝŶĚůŝŶŐ ŶƵŵďĞƌ ŽĨ ĨŽůůŽǁĞƌƐ ĨƌŽŵ ĚƌŝĨƚŝŶŐ ĂǁĂǇ ĨƌŽŵ WŝƌĂŶĂ ^ĂƚƉĂŶƚŚ͕ ďǇ ďƌŝŶŐŝŶŐ ŝŶ ŶĞǁ ĨŽůůŽǁĞƌƐ ĨƌŽŵ ŽƵƌ ŽŵŵƵŶŝƚǇ͕ ďǇ ĨŽŽůŝŶŐ ƚŚĞŵ ƚŽ ďĞůŝĞǀĞ ƚŚĂƚ ^ĂƚƉĂŶƚŚ ŝƐ Ă ,ŝŶĚƵ ƐĞĐƚ͘ dŚŝƐ ǁŽƵůĚ ŶŽƚ ŽŶůǇ ŐŝǀĞ ƐŽĐŝĂů ƐĞĐƵƌŝƚǇ͕ ďƵƚ ĂůƐŽ ĨŝŶĂŶĐŝĂů ƐĞĐƵƌŝƚǇ͘ dŚĞ ƵƐĞ ŽĨ dĂƋŝǇĂĂ ǁĂƐ ǀĞƌǇ ƐƵĐĐĞƐƐĨƵů ŵĂŝŶůǇ ďĞĐĂƵƐĞ ǀĞƌǇ ůĂƌŐĞ ƉŽƌƚŝŽŶ ŽĨ ŽƵƌ ĐŽŵŵƵŶŝƚǇ ǁĂƐ ŝŐŶŽƌĂŶƚ ĂďŽƵƚ ŝƚƐ ƌĞůŝŐŝŽƵƐ ŚŝƐƚŽƌǇ ĂŶĚ ƌĞŐŝƐƚƌĂƚŝŽŶ ŽĨ ŶĞǁ ;ĨŽƌŵĂůͿ ^ĂŵĂũ ĐĂůůĞĚ ŬŚŝů ŚĂƌĂƚŝǇĂ <ĂĐŚĐŚŚ <ĂĚǀĂ WĂƚŝĚĂƌ ^ĂŵĂũ͕ ŝŶ ϭϵϲϬ͕ ďǇ ƚŚĞ ƉĞŽƉůĞ ǁŚŽ ƋƵŝƚ ^ĂƚƉĂŶƚŚ ĂŶĚ ĞŵďƌĂĐĞĚ ^ĂŶĂƚĂŶ ŚĂƌŵ͘ ƉŽŝŶƚ ǁŽƌƚŚ ŶŽƚŝŶŐ ŚĞƌĞ ŝƐ ƚŚĂƚ ĂƌĞ ĞŶŽƵŐŚ ĚŽĐƵŵĞŶƚƐ ƐƵŐŐĞƐƚŝŶŐ ƚŚĂƚ ŝŶĨŽƌŵĂů ^ĂŵĂũ ǁĂƐ ĂůƌĞĂĚǇ ŝŶ ĞǆŝƐƚĞŶĐĞ ǁĂǇ ďĂĐŬ ĚƵƌŝŶŐ ůĂƚĞ ϭϵϯϬƐ ĂŶĚ ĞĂƌůǇ ϭϵϰϬƐ͕ ǁŚŝĐŚ ǁĂƐ ůĂƚĞƌ ŽŶ ŐŝǀĞŶ Ă ůĞŐĂů ĨŽƌŵĂƚ͕ ŝŶ ϭϵϲϬ͘ 8 d\]? GRh d\ iaIh^ V^haSh _sDs D° ȐWh \W\h5 dWhSW V\½ \hN° I Sh eSj [pFh T]h 7Wp dSX5Tj Ďh^h TSj DWPFS 7Wp 7Ɨ]hIh^ dh\p 8ahK ;Ohaah _hƊ]h Sh D]hWs aX^hbWs ?D UhE_s ĮXp 8aj DWPFS Wh \UUTj _sDs dSX5T V\½Ws 9ƨ_h\j Ⱥ l`Wh Zh^h\h5 dah_s Wh D^° Spas ̆]hd eSs dSX5TjBWh әPh cP]5́ 7Wp ̆X5IWs 7Ɵ]hd D^ah XJ ƥ] ƈSFS ^ Sp Ɇk 5 ZɆ k5 ZpIqW ^eah _hƊ]s d\hKWj bh5iS 7Wp ?ƈah]hDShWp 8ah _sDsȵk ˴eR 5 k5 _hƊȻk 5 eȱ

dŚŝƐ ŝƐ ƚŚĞ ƉŽŝŶƚ͕ ǁŚĞƌĞ ƐĞǀĞƌĂů ůŝŬĞŵŝŶĚĞĚ ƉĞŽƉůĞ͕ ǁŚŽƐĞ ŚĞĂƌƚƐ ďƵƌŶƚ ĨŽƌ ƚŚĞ ĐĂƵƐĞ ĂŶĚ ŝŶƚĞƌĞƐƚ ŽĨ ^ĂŶĂƚĂŶ ;,ŝŶĚƵͿ ƌĞůŝŐŝŽŶ͕ ĐĂŵĞ ƚŽŐĞƚŚĞƌ ĂŶĚ ƐƚĂƌƚĞĚ ƌĂŝƐŝŶŐ ǀŽŝĐĞƐ͕ ĂƐ Ă ũŽŝŶƚ ĞĨĨŽƌƚ͕ ĂŐĂŝŶƐƚ ƚŚĞ ĂƚƌŽĐŝƚŝĞƐ ĐĂƵƐĞĚ ďǇ ^ĂƚƉĂŶƚŚŝƐ͘ ƚƌŽĐŝƚŝĞƐ ǁĞƌĞ ƉĂƌƚ ŽĨ dĂƋŝǇĂĂ ĞǆĞƌĐŝƐĞĚ͕ ƐŽ ƚŚĂƚ ƉĞŽƉůĞ ĚŽ ŶŽƚ ƌĂŝƐĞ ƋƵĞƐƚŝŽŶƐ ĂďŽƵƚ ŝƚƐ /ƐůĂŵŝĐ ĐŽŶŶĞĐƚŝŽŶ͘ / ƉĞƌƐŽŶĂůůǇ ǁĂƐ ĚĞĞƉůǇ ĚŝƐƚƵƌďĞĚ ƵƉŽŶ ůĞĂƌŶŝŶŐ ƚŚĞ ŵŽĚƵƐ ŽƉĞƌĂŶĚŝ ĂŶĚ ŽďũĞĐƚŝǀĞ ŽĨ ƚŚĞ ƉĞŽƉůĞ ďĞŚŝŶĚ ƚŚĞƐĞ ĂƚƌŽĐŝƚŝĞƐ͘ dŚĞƐĞ ĂƌĞ ƚŚĞ ƉĞŽƉůĞ ǁŚŽ ĂƌĞ ƐŽůĞůǇ ƌĞƐƉŽŶƐŝďůĞ ƚŽ ĚŝƐƚƵƌď ƚŚĞ ƉĞĂĐĞ ĂŶĚ ŚĂƌŵŽŶǇ ŽĨ ŽƵƌ ^ĂŵĂũ͘

8XRj d\hK aƍIp ê Wp dWhSW V\½Wh eS \hN° Dh\ D^ɂk 5 ?N_p dSX5TjWh iaȿk Vȵk 5 Dh\ eȱk 5 ?Ws \S_Z dSX5T d\hKWh _sDs S^YTj SD_jY Wp 8\5́R 8Xɂk 5 8 ahƨȱ k eD DSTj \h^h iaIh^sWp dpKK Vïs _hƊ]s 7Wp \hW TȻk 5 D° Ds: dh^h ZehWhWj 8P _: 8\h5Tj ġN Kɂk 5 XJ Zehȵk 5 Ds: XR D°\ Wh es] Ȑ\ D° d\]Ws 8[ha ZjKs Ds:D ƥ] ƈS D^bp \^° K ɃkDh\ D^ɂk 5 aFp^ XR d\hK\hN° 7Wp dh\hƛ] _sDsWh eS \hN° D: D^ ġNahWj Sj̑ :ƍJhD e\pbh \h^h ӔU^ d`FSj ê \h^h ӔU^Wh iaIh^s? \Wp bh5iSTj Zpdah Wh 8ƜȻk 5 Zjĥ Zhȩk 7ƛ] dWhSW V\½Wh Dh]½DSh½B Wp EsN ^ Sp e°^hW Dâh\h5 ahSs ĤRjWp \Wp _hƊȻk 5 D° \Wp Xe°_h5 XsShWp 8aj EsN DWPFSTj ZIɂk 5 XPbp Sp\K d\hKWs dhVh^R ƥ] ƈS esahWh Dh^Rp 7Wp d\hKWh WpShBȵk 5 XjOZ` Wh 8[hap dWhSW V\½Wh eS \hN° ȣkƣ_p 8\ Dh]½ D^ɂk 5 ? ?D Ⱥ lE½Sh [Ȼk ¿ Dh]½ FRh]

tŝƚŚŝŶ ŽƵƌ ^ĂŵĂũ͕ ƐƵƉƉŽƌƚŝŶŐ ƚŚĞ ĐĂƵƐĞ ŽĨ ^ĂŶĂƚĂŶ ƌĞůŝŐŝŽŶ ŵĞĂŶƚ ǁŽƌŬŝŶŐ ĂŐĂŝŶƐƚ ƚŚĞ ŝŶƚĞƌĞƐƚ ŽĨ ^ĂƚƉĂŶƚŚŝƐ͘ dŚĂƚ ŵĞĂŶƐ ŝŶǀŝƚŝŶŐ ƚƌŽƵďůĞ ĨƌŽŵ ƉĞŽƉůĞ ŽĨ ^ĂƚƉĂŶƚŚ ^ĂŵĂũ͘ / ǁĂƐ ƚĂŬĞŶ ĂďĂĐŬ ďǇ ƚŚŝƐ ŚĂƌĚ ƌĞĂůŝƚǇ ĂŶĚ ĨĞůƚ ůŝŬĞ ƐŚǇŝŶŐ ĂǁĂǇ ďǇ ĨŝŶĚŝŶŐ ƐŽŵĞ ŐŽŽĚ ĞǆĐƵƐĞ ůŝŬĞ ůĂĐŬ ŽĨ ƚŝŵĞ͕ ƐŽŵĞďŽĚǇ ĞůƐĞ ǁŽƵůĚ ĚŽ͕ ǁŚǇ ŵĞ͙ ĞƚĐ͘ Ƶƚ͕ / ĂůǁĂǇƐ ŚĂĚ Ă ďƵƌŶŝŶŐ ĚĞƐŝƌĞ ƚŽ ĚŽ ƐŽŵĞƚŚŝŶŐ ĨŽƌ ƚŚĞ ŝŶƚĞƌĞƐƚƐ ŽĨ ŽƌĚŝŶĂƌǇ ƉĞŽƉůĞ͘ &Žƌ ĚĂǇƐ ƚŽŐĞƚŚĞƌ͕ ŵǇ ƚŚŽƵŐŚƚƐ ŶĞǀĞƌ ĂůůŽǁĞĚ ŵĞ ƌĞƐƚ ŝŶ ƉĞĂĐĞ͘ dĂŬŝŶŐ ĐůƵĞ ĨƌŽŵ ƚŚĞ ďĂĚ ĞǆƉĞƌŝĞŶĐĞƐ ŽĨ ŽƚŚĞƌ ^ĂŶĂƚĂŶ ŚĂƌŵ ǁŽƌŬĞƌƐ͕ / ǁĂŶƚĞĚ ƚŽ ƐŚŝĞůĚ ŵǇƐĞůĨ ĨƌŽŵ ƚŚĞ ƐǇƐƚĞŵĂƚŝĐ ĂƚƌŽĐŝƚŝĞƐ ĐĂƵƐĞĚ ďǇ ƵƐĞ ŽĨ ĨĂůƐĞ ƉŽůŝĐĞ ĂŶĚ ĐŽƵƌƚ ĐĂƐĞƐ͘ ůƐŽ͕ ďĞŝŶŐ ĂŶ ŽƌĚŝŶĂƌǇ ƉĞƌƐŽŶ ŽĨ ƚŚĞ ^ĂŵĂũ ĂŶĚ ŚĂǀŝŶŐ ŶŽ ďĂĐŬŝŶŐ ŽĨ ůĞĂĚĞƌƐ ŽĨ <<W^͕ / ĨĞůƚ ŝƚ ǁŽƵůĚ ďĞ ƵƚƚĞƌ ĨŽŽůŝƐŚ ĂŶĚ ƐƵŝĐŝĚĂů ƚŽ ĐŽŵĞ ŽƵƚ ŽƉĞŶůǇ ŝŶ ƐƵƉƉŽƌƚ ŽĨ ^ĂŶĂƚĂŶ ƌĞůŝŐŝŽŶ͘ 8ah eh_hSs\h5 \Wp ?D Ȼk ƈS Ʌkĥ Ȑ \h^ \hN° ?DU\ ;XȻkƈS eSj \h^ dhIj BÈ KSj Wh D^ Wp dWhSW V\½ Wh eS \hN° Dh\ DâhWs ?D dh^s 7ad^ \Wp U° EhRs :ƛN^WpN Ȑaj 8ȴkiWD ƥ]aƨThWs dȳk X]sF DâhWs iaIh^ 8ƥ]s ͞ZĞĂů WĂƚŝĚĂƌ͟ ;͞^ ]_ XhN Uh^ՠ ȵk ;XWh\ 5 7XWhajWj ?D BW_h:W BÈ ;[j D^ Wp d\hKWh _sDsWp dhIh 9Sehd Wj ĤRDh^ 8XSh ?\q_s \sD_jWp ĤFȿkD Dâhȵk 5 Dh\ bȿk DȻk ¿ bĮ8S\h5 ƌĞĂůƉĂƚŝĚĂƌΛŐŵĂŝů͘ĐŽŵ Wj :\q_ ?˾°d Ws ;X]sF _jVs XR XJ :\q_B aVah _hƊ]h ?N_p ŵĂŝůΛƌĞĂůƉĂƚŝĚĂƌ͘ĐŽŵ :\q_ 7˾°d ahXâhȵk 5 bȿk DȻk ¿ \h^ \hN° :ƛN^WpN ah`hB 8 ;Xh] ?DU\ dIsN 7Wp ;XȻkD dh ZS Tah k5 k5 _hƊ]s Dh^RD° \h^h \p`p G^ ZpO° d\hKWh _sDsWp ĤFȿkD Dâhȵk Dh\ T: bDȱ 5 eȱ

ŵŽŶŐƐƚ ƚŚĞƐĞ ĐŝƌĐƵŵƐƚĂŶĐĞƐ͕ / ĨŽƵŶĚ ĂŶ ŝĚĞĂ ƚŚĂƚ ǁĂƐ ŵŽƐƚ ƐƵŝƚĂďůĞ ĨŽƌ ŵĞ͘ / ĨĞůƚ ƚŚĂƚ ƚŚĞƌĞ ǁĂƐ ĂŶ ŽƉƉŽƌƚƵŶŝƚǇ͕ ǁŚĞƌĞďǇ / ĐŽƵůĚ ǁŽƌŬ ĨŽƌ ƚŚĞ ŝŶƚĞƌĞƐƚƐ ŽĨ ^ĂŶĂƚĂŶ ŚĂƌŵ ĂŶĚ Ăƚ ƚŚĞ ƐĂŵĞ ƚŝŵĞ ŶĞĞĚ ŶŽƚ ƌĞǀĞĂů ŵǇ ƚƌƵĞ ŝĚĞŶƚŝƚǇ͘ dŚĞ ŝĚĞĂ ǁĂƐ ƚŽ ƵƐĞ ƚŚĞ ŝŶƚĞƌŶĞƚ ƚŽ ƚŚĞ ďĞƐƚ ƉŽƐƐŝďůĞ ĞǆƚĞŶƚ͘ / ĐƌĞĂƚĞĚ ĂŶ ŽŶůŝŶĞ ŝĚĞŶƚŝƚǇ ƵƐŝŶŐ ƉĞŶ ŶĂŵĞ ĐĂůůĞĚ ͞ZĞĂů WĂƚŝĚĂƌ͟ ĂŶĚ ƐƚĂƌƚĞĚ ĞĚƵĐĂƚŝŶŐ ƉĞŽƉůĞ ŽĨ ŽƵƌ ^ĂŵĂũ ĂďŽƵƚ ƚŚĞ ƚƌƵĞ ĨĂĐƚƐ ĂŶĚ ŝƚƐ ŚŝƐƚŽƌǇ͕ ďǇ ǁĂǇ ŽĨ ƐĞŶĚŝŶŐ ĞŵĂŝůƐ͘ DǇ ŝŶŝƚŝĂů ĞŵĂŝů ŝĚ ǁĂƐ ƌĞĂůƉĂƚŝĚĂƌΛŐŵĂŝů͘ĐŽŵ͕ ďƵƚ ůĂƚĞƌ ŽŶ ĂƐ ƚŚĞ ůŽĂĚ ŽĨ ĞŵĂŝůƐ ŝŶĐƌĞĂƐĞĚ͕ / ƐǁŝƚĐŚĞĚ ƚŽ ŵĂŝůΛƌĞĂůƉĂƚŝĚĂƌ͘ĐŽŵ͘ dŚŝƐ ƚƵƌŶĞĚ ŽƵƚ ƚŽ ďĞ ŵŽƐƚ ŝĚĞĂů ĂŶĚ

ƐƵŝƚĂďůĞ ƐŽůƵƚŝŽŶ ĂƐ / ĐŽƵůĚ Ɛŝƚ ĨƌŽŵ ŵǇ ŚŽŵĞ͕ ǁŽƌŬ ǀŽůƵŶƚĂƌŝůǇ͕ ĂŶĚ ŬĞĞƉ ƚŚĞ ŵĞŵďĞƌƐ ŽĨ ŽƵƌ ^ĂŵĂũ͕ ƵƉĚĂƚĞĚ ĂŶĚ ĞĚƵĐĂƚĞĚ͕ ĂďŽƵƚ ƚŚĞ ŚĂƉƉĞŶŝŶŐƐ ĂŶĚ ŚŝƐƚŽƌǇ ŽĨ ŽƵƌ ^ĂŵĂũ ĂŶĚ ŝƚƐ ƌĞůŝŐŝŽŶ͘ 8 ;Xh] ̆\hRp ĤRDh^ 8XSh :\q_B ȺkDahȵk Ihɀk 5 DȻk ¿ 7Wp 8 ̆ ˲]h\h5 ìhiSWh 9iSehd 7Wp V\½ X^ d5bsVW ȵk 5 XR Dh\ bȿk DȻk ¿ \h^h d5bsVWWh Y`ƨaĮXp \`Sj \h eSjWp :\q_ Ďh^h d\hKWh _sDs ɅkVj 8Vh^ 7Wp ȶk^hah de S ^ȩk Dâhȵk 5 Dh\ DȻk ¿ Vj^° Vj^° _sDs \h^h Dh]½Wj WҭV _pah5 _hƊ]h 7Wp SpRp Xd5U Dâh _hƊ]h GRh _sDsWs dhT \àh _hƊ]s Ɨ]h^ ZhU ?D BW_h:W ʎkX ƌĞĂůƉĂƚŝĚĂƌΛŐŽŽŐůĞŐƌŽƵƉƐ͘ĐŽŵͿ Ihɀk 5 DȻk͕¿ ȐWhTj Sp\h5 dh\hƛ] _sDs XR [hF _: bD° _sDs? ?N_h \sNh ̆\hR\h5 [hF _jVs D° 8 Dh]½Wp ?D KW ӔUs_WWs ƨaĮX \àh _hƊ]s 8 ӔUs_W Wp ՟^ ]_ XhN Uh^ ӔUs_Wՠ S^ D° BÈh] Ġ5 8Ȑ eĤ^s _sDs [h^° ;ƗɅkƈShTj ^ ]_ X^ Uh^ 7Wp BW_h:W ʎkX X^Tj 8aah ah`h :\q_Wj ^he KsSh es] Jp

dŽǇŝŶŐ ǁŝƚŚ ƚŚĞ ŝĚĞĂ͕ / ƐƚĂƌƚĞĚ ƐĞŶĚŝŶŐ ĞĚƵĐĂƚŝǀĞ ĞŵĂŝůƐ ĂŶĚ ŝŶ ƉƌŽĐĞƐƐ ƐƚĂƌƚĞĚ ƌĞƐĞĂƌĐŚŝŶŐ ŽŶ ƚŚĞ ĐŽŵŵƵŶŝƚǇ͛Ɛ ƌĞůŝŐŝŽŶ ĂŶĚ ŝƚƐ ŚŝƐƚŽƌǇ͘ dŚĞ ŽƵƚĐŽŵĞ ŽĨ ŵǇ ƌĞƐĞĂƌĐŚ ǁŽƌŬ ĨŽƌŵĞĚ ƚŚĞ ĞŵĂŝůƐ ŐŝǀŝŶŐ ĨƵůů ƉĂƌƚŝĐƵůĂƌƐ ŽĨ ŝŶĨŽƌŵĂƚŝŽŶ ĂŶĚ ŝƚƐ ďĂƐŝƐ͘ ^ůŽǁůǇ ŵǇ ǁŽƌŬ ŐŽƚ ŶŽƚŝĐĞĚ ĂŶĚ ĂůƐŽ ĂƉƉƌĞĐŝĂƚĞĚ͘ DĂŶǇ ƉĞŽƉůĞ ƐƚĂƌƚĞĚ ƐƵƉƉŽƌƚŝŶŐ ĂŶĚ ũŽŝŶŝŶŐ ŵĞ͘ >ĂƚĞƌ / ĐƌĞĂƚĞĚ Ă ŐƌŽƵƉ ;ƌĞĂůƉĂƚŝĚĂƌΛŐŽŽŐůĞŐƌŽƵƉƐ͘ĐŽŵͿ ŽŶ ŝŶƚĞƌŶĞƚ ǁŚĞƌĞ ŽƌĚŝŶĂƌǇ ƉĞŽƉůĞ ĐŽƵůĚ ĂůƐŽ ĐŽŶƚƌŝďƵƚĞ͘ dŚĞ ŵĂŐŶŝƚƵĚĞ ŽĨ ƉƵďůŝĐ ƉĂƌƚŝĐŝƉĂƚŝŽŶ ǁĞŶƚ ƵƉ ƐŽ ŚŝŐŚ ƚŚĂƚ ŝƚ ďĞĐĂŵĞ Ă ƉĞŽƉůĞ͛Ɛ ŵŽǀĞŵĞŶƚ͘ / ĐĂůů ƚŚŝƐ ŵŽǀĞŵĞŶƚ ĂƐ ͞ZĞĂů WĂƚŝĚĂƌ DŽǀĞŵĞŶƚ͘͟ dŽĚĂǇ ƚŚŽƵƐĂŶĚƐ ŽĨ ƉĞŽƉůĞ ĞĂŐĞƌůǇ ǁĂŝƚ ĨŽƌ ƚŚĞ ĞŵĂŝůƐ ĨƌŽŵ ZĞĂů WĂƚŝĚĂƌ ĂŶĚ ŝƚƐ ŽŶůŝŶĞ ŐƌŽƵƉ͘ k5 Ʌkì ahIDȵk 5 iac] X^ ^d Ĥ`aah e°ȱTj :\q _Wp ́R ia[hF\h5 ae°Iah\h5 8ap_ Jp bsVahWj dɆ_ k j]S 7Wp 8dhWjTj d5U[½\h5 _: bDh] ?aj ^ Sp 7_F 7_F ia[hF\h5 ae°Iah\h5 8ƥ]h Jp ? ́R ia[hF WjIp ̆\hRp Jp dŽ ƌĞƚĂŝŶ ƚŚĞ ŝŶƚĞƌĞƐƚ ŽĨ ƚŚĞ ƌĞĂĚĞƌ͕ Ăůů ŝŵƉŽƌƚĂŶƚ ĞŵĂŝůƐ ĂƌĞ ĐĂƚĞŐŽƌŝƐĞĚ͘ dŚĞ ĐĂƚĞŐŽƌŝǌĂƚŝŽŶ ŝƐ ĚŽŶĞ ŝŶ ĂŶ ŽƌŐĂŶŝǌĞĚ ĂŶĚ ƐǇƐƚĞŵĂƚŝĐ ǁĂǇ ĨŽƌ ƋƵŝĐŬ ĂŶĚ ĞĂƐǇ ĨƵƚƵƌĞ ƌĞĨĞƌĞŶĐŝŶŐ͘ dŚĞƐĞ ĞŵĂŝůƐ ŚĂǀĞ ďĞĞŶ ĐĂƚĞŐŽƌŝǌĞĚ ŝŶ ƚŚĞ ĨŽůůŽǁŝŶŐ ŵĂŶŶĞƌ͖ y ՟id^ dՠ :\q_Wh dZȐƈN \h5 bĮ8S\h5K ՟id^ dՠ bƞUWs ̆]sF D^ Wp 8ah :\q_Wp 7_F Sh^ap_h Jp Vhi\ D 7Wp dh\ KD 9iSehdWh d5bsVW Dh\Wh Y` ƨaĮXp Ȑ \h eS \`p _ Jp Sp \h eSj Wp _sDs ɅkVj XsͰIhPSh 8 :\q_B Jp Ȑ\h5 U^° D Osd ȶk^hahB 7Wp UƨShapKsWs XR d\hapb Jp 8 ȣkZK _sDĭ] ia[hF Jp 7Wp 8 :\q_BWj _sDs ȣkZ 8ȱk^ShTj ^he KsSh es] Jp

ϭ͘ ^ĞƌŝĞƐ

dŚĞ ƐƵďũĞĐƚ ůŝŶĞ ŽĨ ƚŚĞƐĞ ĞŵĂŝůƐ ĐĂƌƌŝĞƐ ƚŚĞ ǁŽƌĚ ͞^ĞƌŝĞƐ͟ ĂŶĚ ŝƐ ĨŽůůŽǁĞĚ ďǇ Ă ƐĞƌŝĂů ŶƵŵďĞƌ͘ dŚĞƐĞ ĞŵĂŝůƐ ĂƌĞ ŽƵƚĐŽŵĞ ŽĨ ǁĞůů ƌĞƐĞĂƌĐŚĞĚ ŵĂƚĞƌŝĂů ŽŶ ƚŚĞ ŚŝƐƚŽƌǇ ŽĨ ŽƵƌ ĐŽŵŵƵŶŝƚǇ ĂŶĚ ƚŚĞ ŚŝƐƚŽƌǇ ŽĨ <<W ^ĂŵĂũ͘ dŚĞƐĞ ĞŵĂŝůƐ ĐĂƌƌǇ ĐŽƉŝĞƐ ŽĨ ĚŽĐƵŵĞŶƚƐ ƐƵƉƉŽƌƚŝŶŐ ƚŚĞ ǀŝĞǁƐ ŵĞŶƚŝŽŶĞĚ ŝŶ ƚŚĞ ĞŵĂŝů͘ dŚŝƐ ŝƐ ďǇ ĨĂƌ ƚŚĞ ŵŽƐƚ ƉŽƉƵůĂƌ ĐĂƚĞŐŽƌǇ ĂŶĚ ƐŽƵŐŚƚ ĂĨƚĞƌ ĞŵĂŝůƐ ďǇ ƚŚĞ ŽƌĚŝŶĂƌǇ ƉĞŽƉůĞ ŽĨ <<W ^ĂŵĂũ͘ z ՟7ƛ] :\q_ՠ B : ՟id^ dՠ Wh Ȑ\K 8 :\q_Wh dZȐƈNWj bĮ8S\h5 ՟K ͟ bƞU es] Jp d\hK\h5 TSj eh_Wj dSX5T iac]Wj FiSiaiVBWj ĤRDh^ 8XSh :\q_ es] Jp _sDsWp Dh\ _hFp Spaj \h eSjB Sp\Wp KƣU Tj XseIhPah\h5 8ah :\q_B Ws ;X]sF D^ah\h5 8ap Jp

Ϯ͘ KƚŚĞƌ ŵĂŝůƐ ;K Ϳ >ŝŬĞ ^ĞƌŝĞƐ͕ ƚŚĞƐĞ ĞŵĂŝůƐ ƐƚĂƌƚ ǁŝƚŚ ͞K ͟ ĂŶĚ ĂƌĞ ĨŽůůŽǁĞĚ ďǇ Ă ƐĞƌŝĂů ŶƵŵďĞƌ͕ ŝŶ ƚŚĞ ƐƵďũĞĐƚ ůŝŶĞ͘ dŚĞƐĞ ĞŵĂŝůƐ ŐĞŶĞƌĂůůǇ ĐŽǀĞƌ ƚŚĞ ƌĞĐĞŶƚ ĂŶĚ ŝŵƉŽƌƚĂŶƚ ŚĂƉƉĞŶŝŶŐƐ ŝŶ ƚŚĞ ^ĂŵĂũ ĂŶĚ ƚŚĞ ĐŽŵŵƵŶŝƚǇ ŽǀĞƌ ƚŚĞ ŝƐƐƵĞ ŽĨ ^ĂƚƉĂŶƚŚ͘ dŚĞƐĞ ĞŵĂŝůƐ ĂůƐŽ ƐƉƌĞĂĚ ƵƐĞĨƵů ŝŶĨŽƌŵĂƚŝŽŶ ƋƵŝĐŬůǇ͘ { ՟ʎkX :\q_ՠ ĥ : dZȐƈN _:W \h5 ͞' ͟ bƞUTj bȿk TSh5 8 :\q_B XR V\½ X^ ;X]sFj ĤRDh^ 8XSh es] Jp Y^D ?N_s es] Jp D° 8 :\q_ ʎkX Wh \pƠZ^s Ďh^h ȺkDah\h5 8ap Jp K]h^° ZjĤ Zp ia[hFWh :\q_B ^ ]_ XhN Uh^ ?N_p \h^h Ďh^h ȺkDah\h5 8ap Jp

ϯ͘ 'ƌŽƵƉ ŵĂŝůƐ ;' Ϳ dŚĞƐĞ ĞŵĂŝůƐ ƐƚĂƌƚ ǁŝƚŚ ͞' ͟ ŝŶ ƐƵďũĞĐƚ ůŝŶĞ ĂŶĚ ĂůƐŽ ĂƌĞ ǀĞƌǇ ŝŶĨŽƌŵĂƚŝǀĞ ŽŶ ƚŚĞ ƐƵďũĞĐƚ ŽĨ ƌĞůŝŐŝŽƵƐ ŚŝƐƚŽƌǇ͘ dŚĞ ĚŝĨĨĞƌĞŶĐĞ ŚŽǁĞǀĞƌ ŝƐ ƚŚĂƚ ƚŚĞƐĞ ĞŵĂŝůƐ ĂƌĞ ƐĞŶƚ ďǇ ŵĞŵďĞƌƐ ŽĨ ƚŚĞ ŽŶůŝŶĞ ŐƌŽƵƉ͘ /Ŷ ĐŽŶƚƌĂƐƚ͕ ƚŚĞ ŽƚŚĞƌ ƚǁŽ ĐĂƚĞŐŽƌŝĞƐ ŽĨ ĞŵĂŝůƐ ĂƌĞ ƐĞŶƚ ďǇ ZĞĂů WĂƚŝĚĂƌ ;ŝ͘Ğ͕͘ ŵĞͿ͘ ˴5TWj ʬkE 5 _h\h5ȵ 5k 8 Xe°_s ˴5T Jp Ȑ\h5 ac½ zxyx U^Ơ]hW Ⱥ lDah\h5 8ap_ ;X^ KRhap _ ́Rp ia[hFWh :\q_BWs d\hapb D^ah\h5 8ap_ Jp 8 7 []hW\h5 Xe°_s :\q_ 7ĭ_ zxyx \h5 Zeh^ XPah\h5 8ap_ eSs [iaƧ]\h5 8ah GRh :\q_B d\] d\] X^ 8abp ?aj 8bh 7Wp iaĖhd Jp

dŚŝƐ ŝƐ ƚŚĞ ĨŝƌƐƚ ǀŽůƵŵĞ͕ ǁŚŝĐŚ ĐŽŶƚĂŝŶƐ ŽŶůǇ ƚŚĞ ĂďŽǀĞ ĐĂƚĞŐŽƌŝǌĞĚ ĞŵĂŝůƐ ƐĞŶƚ ĚƵƌŝŶŐ ƚŚĞ ĐĂůĞŶĚĂƌ ǇĞĂƌ ϮϬϭϬ͘ dŚŝƐ ŵŽǀĞŵĞŶƚ ƐƚĂƌƚĞĚ ďǇ ƌĞůĞĂƐŝŶŐ ƚŚĞ ĨŝƌƐƚ ĞŵĂŝů ŝŶ Ɖƌŝů ϮϬϭϬ͘ / Ăŵ ĐŽŶĨŝĚĞŶƚ ĂďŽƵƚ ŵĂŶǇ ŵŽƌĞ ƐƵĐŚ ĞŵĂŝůƐ͕ ŝŶ ƚŚĞ ƚŝŵĞ ƚŽ ĐŽŵĞ͘ ;X^ KRhap_ :\q_B ibah] ZɆ k 5 \sN d5Ɖ]h\h5 :\q_B \sD_ah\h5 8ap_ Jp XR Sp\Wj d5Ɖ]h ZɆ k 5 \sN esahTj ?Rp 8 ˴5T\h5 7ƨThWp FRjWp ̆DhibS WTj D]h½ ȐRp XR 8Wh Zh^h\h5

aȴk ĤRDh^ Ks:Sj es] Ss :ƛN^WpN X^ ǁǁǁ͘ƌĞĂůƉĂƚŝĚĂƌ͘ĐŽŵ \h5 \p`aj bDbp Ȑ\ KĮ^ ȶk^Sj 7ƛ] \h eSjBWj _ӄD XR Jp

ƉĂƌƚ ĨƌŽŵ ƚŚĞ ŝŵƉŽƌƚĂŶƚ ĞŵĂŝůƐ ĨĂůůŝŶŐ ŝŶ ĂďŽǀĞ ĐĂƚĞŐŽƌǇ͕ ƚŚĞ ƋƵĂŶƚƵŵ ĂŶĚ ƐŚĞĞƌ ŶƵŵďĞƌ ŽĨ ďĂůĂŶĐĞ ĞŵĂŝůƐ ĂƌĞ ƐŽ ŚŝŐŚ ƚŚĂƚ ƚŚĞƐĞ ĂƌĞ ĐŽŶƐŝĚĞƌĞĚ ŽƵƚ ŽĨ ƐĐŽƉĞ ŽĨ ƚŚŝƐ ďŽŽŬ͘ ŶǇďŽĚǇ ǁĂŶƚŝŶŐ ƚŽ ŬŶŽǁ ŝŶ ĚĞƚĂŝů ĐĂŶ ǀŝƐŝƚ ǁǁǁ͘ƌĞĂůƉĂƚŝĚĂƌ͘ĐŽŵ͕ ǁŚŝĐŚ ĐŽŶƚĂŝŶƐ ĂƉƉƌŽƉƌŝĂƚĞ ůŝŶŬƐ ƚŽ ĞǀĞƌǇƚŚŝŶŐ ŝŵƉŽƌƚĂŶƚ ŽŶ ƚŚĞ ƐƵďũĞĐƚ͘ 8ah :\q_B ȺkDah XhJ`Ws e°ȱ k5 _sDsWp ìhiS 7Wp d\hKWs dhIs 9iSehd d\ĤaahWs Jp _sDsWp ĤFȿk D D^ Sp\Rp \h eSj 8Xj 7Wp dSX5T ZhZSp Sp\Wh\h5 8Xd\h5 IIh½ iaIh^Rh D^ahWj b ƈS 7Wp eƠ\S 8XahWs e°ȱ k5 Jp 8aSj XpQ Wp d\hKWh dhIh 9iSehd Tj ahD°Y k5 D^ahWs e°ȱ Jp

dŚĞ ƉƵƌƉŽƐĞ ŽĨ ƐĞŶĚŝŶŐ ƐƵĐŚ ĞŵĂŝůƐ ŝƐ ŽŶůǇ ƚŽ ŵĂŬĞ ƉĞŽƉůĞ ƌĞĂůŝǌĞ ĂďŽƵƚ ƚŚĞ ŚŝƐƚŽƌǇ ĂŶĚ ƚƌƵƚŚ ŽĨ ŽƵƌ ^ĂŵĂũ ĂŶĚ ƚŚĞ ĐŽŵŵƵŶŝƚǇ͘ dŚĞ ƉƵƌƉŽƐĞ ŝƐ ƚŽ ŝŶĨŽƌŵ͕ ĞĚƵĐĂƚĞ ĂŶĚ ĞŶĐŽƵƌĂŐĞ ƉĞŽƉůĞ ƚŽ ƉĂƌƚŝĐŝƉĂƚĞ͕ ĚŝƐĐƵƐƐ ĂŶĚ ĚĞďĂƚĞ ŽŶ ƚŚĞ ^ĂƚƉĂŶƚŚ ŝƐƐƵĞ͘ dŚĞ ƉƵƌƉŽƐĞ ŝƐ ƚŽ ƉĂƐƐ ŽŶ ƚŚĞ ƚƌƵĞ ŚŝƐƚŽƌǇ ƚŽ ŝƚƐ ŶĞǆƚ ŐĞŶĞƌĂƚŝŽŶ͘ Ds:ȵk 5 Wh\ _jVh aF^ Ɇ k 5 U^° D ƥ] ƈSWs 8[h^ Ġ5 D° Ȑ\Rp BW_h:W ʎkX \h5 [hF _jVs Ȑ\Rp XsShWh \5Sƥ]s ^ȩk D]h½ \Wp d5bsVW \hN° dh\˴j \sD_haaj 7Wp V\½Wh 8 [Fj^T Dh]½\h5 \Wp dhT 8Ɯ]s d\hKWh dhVh^R _sDs Wh eS \hN° Dh]½ D^ahah`h U^° D _sDsWs 8[h^ ƥ]ƈS Dȿk5 Ġ5 8ah U^° ƨD aF½Wh _sDsWh dhT aF^ 8 ӔUs_W Wp 8aP \sN dY`Sh Wh \` esS 7Wp ȐWh Dh^Rp 8Ȑ 8XRp 8 ӔUs_WWp ՟^ ]_ X^ Uh^ ӕUs_Wՠ S^ D° B`Ej]p J ?

/ ƐŝŶĐĞƌĞůǇ ƚŚĂŶŬ Ăůů ƉĞŽƉůĞ ;ǁŝƚŚŽƵƚ ŶĂŵŝŶŐ ĂŶǇďŽĚǇͿ ĨŽƌ ƉĂƌƚŝĐŝƉĂƚŝŶŐ ŝŶ ƚŚĞ ŽŶůŝŶĞ ŐƌŽƵƉ͕ ŐŝǀŝŶŐ ƐƵŐŐĞƐƚŝŽŶƐ͕ ĨŽƌǁĂƌĚŝŶŐ ƌĞƐĞĂƌĐŚ ŵĂƚĞƌŝĂů ĂŶĚ ƐƵƉƉŽƌƚŝŶŐ ƚŚŝƐ ŶŽďůĞ ĐĂƵƐĞ ĨŽƌ ƚŚĞ ďĞŶĞĨŝƚ ŽĨ ƚŚĞ ŽƌĚŝŶĂƌǇ ƉĞŽƉůĞ ŽĨ ŽƵƌ ^ĂŵĂũ͘ tŝƚŚŽƵƚ ƚŚĞ ŚĞůƉ ĂŶĚ ƐƵƉƉŽƌƚ ŽĨ ƉĞŽƉůĞ ĨƌŽŵ ƚŚĞ ŐƌŽƵŶĚ͕ ƚŚŝƐ ŵŽǀĞŵĞŶƚ ǁŽƵůĚ ŶŽƚ ŚĂǀĞ ďĞĞŶ ƐŽ ƐƵĐĐĞƐƐĨƵů ĂŶĚ ǁŽƵůĚ ŶŽƚ ŚĂǀĞ ďĞĞŶ ĞůŝŐŝďůĞ ƚŽ ďĞ ĐĂůůĞĚ Ă ͞ZĞĂů WĂƚŝĚĂƌ DŽǀĞŵĞŶƚ͘͟ \Wp ȣkZK ȣkbj Th] Jp D° \h^h 7ThF 7Wp _h5Zh ̆]hdWh Dh^Rp _sDsWp 7Wp d\hKWh WpShBWp dhIh \hF± XF_h5 _pah\h5 \UU \` Jp Sp\K eƠ\S 7Wp ̆p^RhWj 7ȵkȹ liS T: Jp Sp\K 8K 8ȴkiWD ȻkFWj 8ȴkiWD SDWjDWs d\hK\hN° dȳk X]sF D^ bðs Ġ5 GRh _sDs ȐRp DsƠȶkN^ D° :ƛN^WpN Wj ĤRDh^ WsSj Spah _sDs :\q_ ah5ISh T: F]h Sp\h5Tj 7ȺkD _sDs Ss :\q_ _ESh5 XR T: F]h 8ah WhWh \sNh GRh Yh]UhB Vj^° Vj^° d\] KSh 8XRj d\ë 8abp Sp\h5 Zp\S WTj \Wp ӔS6ȶ la½D EhS^ Jp D° 8 [Fj^T Dh]½ \hN° _sDsWs dhT deDh^ 7Wp ̆sƗdheW \`Ss ^e°bp ?\K \Wp EhS^ Jp D° 8 ӔUs_W\h5 eĥ GRh _sDs bh\p_ Tbp 7Wp ?D ZĤWh d5XD½ \h5 8ahWs Yh]Us KĮ^ _pbp

/ Ăŵ ƉĞƌƐŽŶĂůůǇ ĞǆƚƌĞŵĞůǇ ŚĂƉƉǇ ƚŚĂƚ ŵǇ ůŽŶŐ ĂŶĚ ŚĂƌĚ ĞĨĨŽƌƚƐ ŚĂǀĞ ďĞĞŶ ĨƌƵŝƚĨƵů ŝŶ ŐƵŝĚŝŶŐ͕ ŝŶƐƉŝƌŝŶŐ ĂŶĚ ŝŶƐƚƌƵŵĞŶƚŝŶŐ ďǇ ƚŚĞ ƉĞŽƉůĞ ĂŶĚ ƚŚĞ ůĞĂĚĞƌƐ ŽĨ ƚŚĞ ^ĂŵĂũ ƚŽ ƚĂŬĞ ƚŚĞ ƐƚĞƉƐ ŝŶ ƌŝŐŚƚ ĚŝƌĞĐƚŝŽŶ͘ ůƐŽ / Ăŵ ĞƋƵĂůůǇ ŚĂƉƉǇ ƚŽ ŶŽƚĞ ƚŚĂƚ / ŚĂǀĞ ďĞĞŶ ƐƵĐĐĞƐƐĨƵůůǇ ĂďůĞ ƚŽ ŵĂŬĞ ƵƐĞ ŽĨ ůĂƚĞƐƚ ƚĞĐŚŶŽůŽŐǇ͕ ƚŚĞ ŝŶĨŽƌŵĂƚŝŽŶ ƚĞĐŚŶŽůŽŐǇ͕ ĨŽƌ ƚŚĞ ďĞŶĞĨŝƚ ŽĨ ƚŚĞ ŽƌĚŝŶĂƌǇ ƉĞŽƉůĞ ŽĨ ŽƵƌ ^ĂŵĂũ͘ DĂŶǇ ƉĞŽƉůĞ ǁŚŽ ǁĞƌĞ ĐŽŵƉůĞƚĞůǇ ĐŽŵƉƵƚĞƌ ŝůůŝƚĞƌĂƚĞ͕ ƐƚĂƌƚĞĚ ĨŽůůŽǁŝŶŐ ƚŚĞ ĞŵĂŝůƐ͘ ^ŽŵĞ ŽĨ ƚŚĞŵ ĂĐƚƵĂůůǇ ůĞĂƌŶƚ ĂŶĚ ƐƚĂƌƚĞĚ ƐĞŶĚŝŶŐ ĞŵĂŝůƐ͘ DĂŶǇ ƐƵĐŚ ďĞŶĞĨŝƚƐ ǁŝůů ĐŽŵĞ ƚŽ ůŝŐŚƚ ŝŶ ĚƵĞ ĐŽƵƌƐĞ͘ ^ƵƌĞůǇ͕ ƚŚĞ ďĞŶĞĨŝƚ ŽĨ ƚŚŝƐ ŵŽǀĞŵĞŶƚ ŝƐ ŵƵůƚŝĨŽůĚ͕ ǁŝƚŚ Ă ŚƵŐĞ ƉŽƚĞŶƚŝĂů ĂŚĞĂĚ͘ / Ăŵ ĐŽŶĨŝĚĞŶƚ ŽĨ ŐĞƚƚŝŶŐ ŵŽƌĞ ĂŶĚ ŵŽƌĞ ƐƵƉƉŽƌƚ ĂŶĚ ĞŶĐŽƵƌĂŐĞŵĞŶƚ ĨŽƌ ƚŚŝƐ ŶŽďůĞ ĐĂƵƐĞ͘ ƋƵĂůůǇ / Ăŵ ĐŽŶĨŝĚĞŶƚ ƚŚĂƚ ŵĂŶǇ ŵŽƌĞ ƉĞŽƉůĞ ǁŝůů ũŽŝŶ ƚŚĞ ŵŽǀĞŵĞŶƚ ĂŶĚ ƌĞĂƉ ŝƚƐ ďĞŶĞĨŝƚƐ͘ Jp ƣ_p 8XRp Wh ȹ l_j]p D° 8 d5Gc½ ȶk^s WTj T]s d5Gc½ Ihɀk 5 Jp 7Wp ZɆk 5 _h5Zh d\] ɅkVj Ih_bp

ŽŶĐůƵĚŝŶŐ͕ ǁĞ ƐŚŽƵůĚ ŶŽƚ ĨŽƌŐĞƚ ƚŚĂƚ͙͘ ƚŚĞ ƐƚƌƵŐŐůĞ ŝƐ ŶŽƚ ŽǀĞƌ͘ dŚĞ ƐƚƌƵŐŐůĞ ŝƐ KE ĂŶĚ ŝƚ͛Ɛ Ă ůŽŶŐ ǁĂǇ ĂŚĞĂĚ͘ )) K] dWhSW V\½ ))

ͮͮ :ĂǇ ^ĂŶĂƚĂŶ ŚĂƌŵ ͮͮ

)) Ĥ] _Ǜ\jWh^h]R [FahW ))

ͮͮ :ĂǇ >ĂǆŵŝŶĂƌĂǇĂŶ ŚĂŐǁĂŶ ͮͮ

yy xy zxyy

ϭϭͲ:ĂŶͲϮϬϭϭ

^ ]_ XhN Uh^

ZĞĂů WĂƚŝĚĂƌ ǁǁǁ͘ƌĞĂůƉĂƚŝĚĂƌ͘ĐŽŵ ŵĂŝůΛƌĞĂůƉĂƚŝĚĂƌ͘ĐŽŵ

ǁǁǁ͘ƌĞĂůƉĂƚŝĚĂƌ͘ĐŽŵ ŵĂŝůΛƌĞĂůƉĂƚŝĚĂƌ͘ĐŽŵ

This page is intentionally left blank

͞id^ d͟ :\q_Wh dZȐƈN \h5 bĮ8S\h5K ͞id^ d͟ bƞUWs ̆]sF D^ Wp 8ah :\q_Wp 7_F Sh^ap_h Jp ͘ Vhi\ D 7Wp dh\ KD 9iSehdWh d5bsVW Dh\Wh Y` ƨaĮXp Ȑ \h eS \`p _ Jp ͕ Sp \h eSj Wp _sDs ɅkVj XsͰIhPSh 8 :\q_B Jp ͘ Ȑ\h5 U^° D Osd ȶk^hahB 7Wp UƨShapKsWs XR d\hapb Jp ͘ 8 ȣkZK _sDĭ] ia[hF Jp 7Wp 8 :\q_BWj _sDs ȣkZ 8ȱk^ShTj ^he KsSh es] Jp ͘

^ĞƌŝĞƐ dŚĞ ƐƵďũĞĐƚ ůŝŶĞ ŽĨ ƚŚĞƐĞ ĞŵĂŝůƐ ĐĂƌƌŝĞƐ ƚŚĞ ǁŽƌĚ ͞^ĞƌŝĞƐ͟ ĂŶĚ ŝƐ ĨŽůůŽǁĞĚ ďǇ Ă ƐĞƌŝĂů ŶƵŵďĞƌ͘ dŚĞƐĞ ĞŵĂŝůƐ ĂƌĞ ŽƵƚĐŽŵĞ ŽĨ ǁĞůů ƌĞƐĞĂƌĐŚĞĚ ŵĂƚĞƌŝĂů ŽŶ ƚŚĞ ŚŝƐƚŽƌǇ ŽĨ ŽƵƌ ĐŽŵŵƵŶŝƚǇ ĂŶĚ ƚŚĞ ŚŝƐƚŽƌǇ ŽĨ <<W ^ĂŵĂũ͘ dŚĞƐĞ ĞŵĂŝůƐ ĐĂƌƌǇ ĐŽƉŝĞƐ ŽĨ ĚŽĐƵŵĞŶƚƐ ƐƵƉƉŽƌƚŝŶŐ ƚŚĞ ǀŝĞǁƐ ŵĞŶƚŝŽŶĞĚ ŝŶ ƚŚĞ ĞŵĂŝů͘ dŚŝƐ ŝƐ ďǇ ĨĂƌ ƚŚĞ ŵŽƐƚ ƉŽƉƵůĂƌ ĐĂƚĞŐŽƌǇ ĂŶĚ ƐŽƵŐŚƚ ĂĨƚĞƌ ĞŵĂŝůƐ ďǇ ƚŚĞ ŽƌĚŝŶĂƌǇ ƉĞŽƉůĞ ŽĨ <<W ^ĂŵĂũ͘

This page is intentionally left blank

Satpanthi Way of Converting Hindus to Muslims Series 1 ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------Gmail - Series 1 -Research on Satpanth

https://mail.google.com/mail/?ui=2&ik=f5c6045c5e&view=pt&search...

www.realpatidar.com a

mail@realpaaatidar.com Real Patidar <realpatidar@gmail.com>

Real Patidar <realpatidar@gmail.com> Bcc: hasusenghani@gmail.com, nandu_somjiyani@mobileemail.vodafone.in

Tue, Apr , 2010 at 12:23 $M

Some people could not read the email, probably because it was in Gujarati and may be gujarati font is not installed on their PCs. For the benefit of such persons, I am sending the email in English. If you were able to read my original mail in Gujarati, please ignore this mail. Regret any inconvenience caused to you.

. ----------------------------------------------------------------------------------------------------------------------------------------------------------------Hello, For past few days, I was surrounded by a question in my mind and that question was about the satpanth darma. Since my childhood, I had not much on Satpanth and hence was more to know more about it. I had heard divergent views on Satpanth. Same said; Satpanth and Sanatan dharm are same; Things have changed a lot as the time has passed; Satpanth is a dharm based on Veds; On the other side; Satpanth is a muslim dharm; Satpanthis look and pretend to be like Hindus, but are Muslims from deep within; etc.. etc.. Hearing such divergent views, my mystery deepened and I decided to study the dharm in depth. In order to study the dharm in depth, I decided that I would study the main objective and is style of functioning. I will put more emphasis on things on which I can get concrete evidence. My this thought guided me to study the religion of Khoja muslims (Ismaili Muslims), because Imam Shah (founder of Satpanth) was a Khoja Muslim. Hence the opinion of Khoja Muslim community of the Satpanth community is vital link in understanding the Satpanth dharm. Khoja Muslims have a huge library containing well researched historical evidences and manuscripts of Satpanth religion, written by Imam Shah. When I started doing a in-depth study I was astonished with the findings which led me to do more in-depth study. The findings of my research had potential to answer the similar questions arising in the minds of many people. Hence I decided that I will share my findings with the people from our community. In this endeavor I will send series of emails containing and explaining my findings. In the series of sharing my findings, this is my first email to our people. The answers to questions like; 1. What is the mission of founder of Satpanth dharm? 2. How to reach the pinnacle of Satpanth dharm? 3. When is the Gurumantra given to be recited at midnight?

1 of 3

27-Apr-2010 12:54 PM

www.realpatiidar.com mail@reealpatidar.com can be found in the library documents of the Khoja Muslims. One such document can be found in the following ng links http://issuu.com/patidar/docs/satpanthi_way_of_converting_hindu_to_muslims_-d or http://issuu.com/patidar/ This is my sincere request to all our community members to bring the aforesaid document to the notice of as many members as possible. In case you are not getting my emails on the subject, but are interested, then kindly send in your request at realpatidar@gmail.com. Regards, A Real Patidar -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------In case you are interested in knowing more on the subject kindly send a request email to realpatidar@gmail.com

-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

, ! . " #$ % & ' . $( ) * +, $ - ./0 1 * +, 2( 3 4#5 . " 6, " 7 " 7 .8 * . - 1 ... #$ " . $ 9: , ;< '3 ' - 70 = . #$ % & = .

' > ' , #$ % & ? @A % & = . #$ ' BC 9 D $( E ? @A = . 7 ... 7 ... * '% . 8 F ? ( $ 7, . ) G 0 H F * I ( $ D. ) G 0 H * +, "J, ' #, 5 % * % & ?8 K 1 " ,& L( 4$ M, *$ D " 9 N O , 4$ % . *$ D. * 2 ? @A % & Study P = . 2 ? @A % & #$ % & A $ 2 ? @A Q 2( = . #$ % & ' R S = 2 ? @A % & S 'F T = . 2 ? @A % & Library U ' D 8 = " E #$ % & ?8 K A V O A D , % & $ ;( I ( "J, Research Document " Literature = . ) , * % & I ( $ S W 0 H F 'F "

. * 7, " ) 3 I ( * +,

www.reealpatidar.com ail@realpatidar.com "J, $ ( *$ ? D. * $ % % " email 8D . ma "J, * * $ email = . ?8 K [ K ... 1. 2. 3. 4. 5.

#$ % & A $ S R Mission 1... #$ % & 5 % $ \] S ? % $ ^ _ ` *$ * = ? * R ? a % & = ? ... ....

' T$ 2 ? @A A $ S * email W = . http://issuu.com/patidar/docs/satpanthi_way_of_converting_hindu_to_muslims_-d " http://issuu.com /patidar/ F = * email 3 3 "], M, D . * email 8 , $( * email regular 8 realpatidar@gmail.com $ $ & D = . . ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- * +, $ , , realpatidar@gmail.com $ D .https://mail.google.com/mail/?ui=2

h d of Pir i Sadruddin's d ddi mission i i Method

mail@realpatidar.com

EsĤ Ⱥk ƨ_\ Wh UƨShapKs\h5 Tj DhQ°_s 8 ?D Xhȵk 5 Jp . Ȑ\h5 dƗX5T V\½Wh Ⱥ l`\h5 Ƀk 5 Jp 7Wp SpWs e°ȱ k Ƀk 5 Jp ? Ubh½ap Jp .

dƗX5T Tj 7ĤR ƥ] ƈSWh \W\h5 8aSh dah_s... 1.

dƗX5T V\½ Wh ƨThXD ȵk5 Ƀk5 Mission eȱk?5

Zhe^ Tj U° EhSh e ȳk V\½ Ȑas 7Wp Ⱥkd_\hW Wh ^ S ^ ahK Xh`ahah`s 8 V\½ E^° E^ D]s V\½ Jp ?

dƗX5T V\½ \h5 NsI ɅkVj XsͰƛIahWh { (́R) stage D]h Jp ?

8 Ⱥk ƨ_\ V\½ Jp Ss Sp\h5 e ȳk U° as, e ȳk ^° :ahKs 7Wp e ȳk Wh\ V^haSh ȶkƨSDs D°\ Jp ?

V\½ X_Ns D^ah \hN° D°aj ɅkU5 ^ ƥ]ƨTh Jp ?

\V ^hSWh KXah \hN° Ȥkȿk \5́ Ƀk5 Jp ?

iaƧȰk [FahW Ws Ud\s 7aSh^ (iWƧD_5D) ? dƗXƛTjB \hN° ahƨSa \h5 eL^S 7_j Jp ?

́jĤ stage ȶ lR½ D^ah \hN° ?D ƥ] ƈS Ⱥk ƨ_\ D°aj ^ Sp ZWp Jp ?

D°aj ^ Sp 8Eh X5T Wp 9ƨ_h\ S^Y X_Nhƥ]s?

10.

e ȳk d5S 7Wp ]sFj Wh apb\h5 ̆Ih^?

11.

D°aj ^ Sp _sehRh, Ʌ l\^h 7Wp Zjĥ ĤiS]s Ⱥk ƨ_\ ZWj?

Method of Pir Sadruddin's mission

Page 1 of 4

www w.realpatidar.com

Method of Pir Sadruddin's mission

mail@realpa atidar.com Mul Mantra: Pahela Aava Do; pachhi Islam ma paltavo

Muhammad Umar writes in "Islam in Northern India" (Aligarh, 1993, p. 371) that, "Perhaps one factor which greatly contributed to the popularity of Islam among the Hindus was that the Muslim mystics did not ask the newly converted Hindu to renounce their former customs and rituals. They presumed that the converts themselves would renounce the un-Islamic practices in due course. As such we find references about the Hindus, who had embraced Islam but still practicing the traditional beliefs and customs even after conversion." Likewise, it ensues from the kernel of the ginans and traditions that the landmark of Pir Sadruddin's mission was the gradual conversion into at least three processes. The method he employed was based on a special missionary framework. First Stage: Hindu Naam chalavo

In the embryonic stage, the disciples were given the ethical and moral teachings with a simple understanding of the Satpanth (true path). Local symbolic terms in native dialects were employed in the sermons and ginans, such as alakh nirinjan (Ineffable God), guru bharma (Muhammad), nar naklank (Ali), nar (Imam), guru (Pir), harijan (devotees), gat (assembly), gat ganga (prayer-hall), gatpat (holy water), jaap (invocation)) etc. The vocabulary, y similes and technical terms were confined to the prevalent social customs. Special p p ginans g were composed p with supreme p skill in the languages g Ginan kevi reete of the countryy folk for the disciples, p pprovidingg them the flavour of the traditional bhajan(song), j rachya wherein Pir Sadruddin identified himself with the appalations of Gur Sahodeva and Gur These poetical hymns were tinged with mythological ideas, social customs and Harichandra. T Imam Shah; potane raja Harishchandra folklores. Hence these ginans were paraphrased ppurelyy into Indian languages, g g a pprocedure that pproved extremelyy beneficial on several counts. The emphasis p was placed on making the transition no avtaar batavyo from Hinduism to Islam as easy and as smooth as possible. He did not insist on the adoption of traditional form of Muslim rituals, which, in any case, were in language foreign to the converts, therefore no hard and fast rule had been imposed upon them. It may however be pointed out that the Hindu thi muslim new converts possessed crude notions of meditation, but their practice in gnostic was restricted banava mate within a narrow compass. He imparted them gradually the practice of zikr(remembrance) into a bahuj saral ane positive Sufic style, called jaap, and watched every moment of the disciples' spiritual growth. The smooth rasto disciples were also afforded liberty to retain their traditions, social customs and culture. Ali Ahmad banavyo Brohi writes in "History on Tombstones" (Hyderabad, 1987, p. 132) that, "The main attraction that the Ismaili faith had was the freedom to continue ancient local beliefs and customs without causing any break with the old social order." Stage 2: Madh Ratna japva mate Gurumantra In the second stage, the disciples were entrusted the solemn word (guru mantra, or sat shabada) to aapvama aave mutter it privately on every midnight. Pir Sadruddin sorted out and imparted the common analogical elements from Islam and Hinduism. He found analogies in their philosophical ideas, and placed the greatest value upon the inner aspects, and put aside the external formalism. Saiyid Athar Abbas Rizvi writes in "History of Sufism in India" (New Delhi, 1978, 1st vol., p. 109) that, "The Ismaili missionaries were enthusiastic, who unhestingly modified their esoteric system to suit their converts." Hence, this stage offered the disciples to pick up the refined teachings g linked in Islamic essence with no hard Arabic shell under the theoryy of Das Avatara. The disciples were imparted that who was the tenth incarnation of Vishnu was manifested at salmal deepp (Arabia) ( ) as naklank (Ali), ( then in the dress of Shri Salam Shah (Imam Islam Shah), residing at Irak Khand(Iran). In this way, Pir Sadruddin reformulated, within the Hindu framework the Shiite doctrine of the Imamate as the Vishnu na Dasmo Avtaar (Naklank Divine Epiphany. The doctrine of the Imamate thus was integrated into the mission within the Avtaar) Imam Islam framework of Vaishnavite ideas, who were a dominant stream of Hinduism in northern India. In Shah (Ya Ali), Iran sum, the new converts saw in Satpanth a completion of their old faith, and through g this orientation, valane batavama aavya. they also found Prophet Muhammad and Imam Ali coherence in their own tradition.

True indeed it is, thatt Pir Shams was first to propound the theoryy of Das Avatara, which was more concise, but Pir Sadruddin initiated it elaboratively in his small treatise, entitled "Das Avatara". It is to be noted that Sayed Imam Shah had also produced an amplified version on it.

http://www.ismaili.net/histoire/history07/history712.html

20-Mar-2010

Method of Pir Sadruddin's mission

Page 2 of 4

www w.realpatidar.com

mail@realpa atidar.com

Few other ginans were also composed in the second stage, differing little with the composition of preceding stage. Henceforward, the loan words and vocabulary drawn from the languages of Arabic and Persian were permeated in the ginans, wherein Pir Sadruddin identified himself as Pir Sahodeva, 3rd Stage: Dhyan ma Pir Harichandra, or Pir Sadruddin. madhyam thi Khoja Muslim banavana

p were ggiven ppure Sufic teachings g with certain rituals in the third After being mastered, the disciples stage g si p y on Shiite pattern. p Emphasis p was continued to be given g in getting g g absorbed in simply meditation, which ultimatelyy bore them the titular appellation pp of khoja (get absorbed) in the same manner as we have discussed in the period of Pir Satgur. It however seems that the trading class of Lohana in Sind was the first to have emerged as the khojas publicly due to their dealings with outside circles. As a result, the people from all walks of life, had rendered its meaning as merchant or nobleman which was fairly irrelevant rendering in essence. This title however became a replacment Imamshah (Pir for the original Hindu Lohana title thakur or thakkar, meaning lord, master. Sadruddin) ne

aakho panth ne

g as the khojas j were now capable p The new converts ultimatelyy emerged to receive devotedlyy whatever Islam taraf valyo p p mildlyy and never theyy had been initiated. Pir Sadruddin indeed islamized the faith of the people hampered p in their culture, and the Hindus in masses absorbed the best of Islamic thought more Indian than foreign in character. Pir Sadruddin then began to censure the new converts for their Hindu rites, condemning under logical expressions, such as caste distinction, idol-worship, ritual bathing, the authority of the six schools of Hindu philosophy, and the traditions of asceticism and Have aava lokone abstraction from the world, whose few examples are given below from the book of his ginans:- Hindu reet rivaj ane

manyatao mukvi pade

* You will never attain salvation in worshipping pebbles and stones. (142:2) * You have designed the idol with lime after burning the pebbles and stones. How can it be called Lord Krishna? (142:3) Hindu reevajo, manyatao mukvamate batavata karano

* You go to Kasi to take bath in the Ganges. What is this water-pilgrimage? If liberation is availed in bathing, then the fish in it can attain salvation. The fish in the Ganges remains in it, being stunk all the times. (183:4-6) * O'careless ones! why do you adore stone? Why do you designate it as your deity, which does not bend or speak by itself. (203:2) * The Vedas are being listened bereft of purpose. How the sins be obliterated through its listening? (167:8) * The pandit says, `I do not eat meat.' meat. O'pandit! let me know, wherefrom the curds and milk are procured? (123:5) * The Yogi adores Gorakh-Nath, while the Brahmin to Shiva and the Ascetic worships Paras-Nath. These three ones have gone astray in this world. (96:3) Hence, he consciously safeguarded his followers' Islamic root and identity. Eventually, the boundaries between the Muslims and Hindus were well defined in the ginans. He formed a symbolical bridge between Islam and Hinduism analogically - a landmark characteristic of his Hindu Sant, yogi na veshma mission. muslim dharm no prachar Summing up the peculiar missionary method of Pir Sadruddin, Ishtiaq Husain Qureshi writes in "The ( pp 41-2)) that, "There are Muslim Communityy of the Indo-Pakistan Subcontinent" (Karachi, 1977, pp. p as a Brahmin or a Hindu priest p and several instances on record where an Ismaili missionaryy posed g to subvert, he confessed its basic instead of flatlyy contradictingg the doctrine of the faith, he sought p and introduced some of Ismaili beliefs in a disguised g assumptions form and thus slowlyy and gradually paved the way for total conversion. Lack of total adherence has never worried the Ismailis,

http://www.ismaili.net/histoire/history07/history712.html

20-Mar-2010

Method of Pir Sadruddin's mission w.realpatidar.com

Page 3 of 4 Hazrat Ali ne Bhagwan mail@realpa atidar.com Vishnu no Dasmo Avtaar banavyo

because they are fully confident that the convert will ultimately accept the faith fully. This kind of conversion is achieved in a peculiar manner. At the outset, the appeal is not on the basis of dogma or beliefs, but an attempt is made to convince the potential convert of the spiritual greatness of some ppersons. In the earlyy days, y the missionaryy himself was a man of exemplary character.. Very often Ali was depicted as an incarnation of Vishnu amongg the Vaishnavites. In short, after some personal p loyalty y y had been created, the disciple was taken through various stages into full-fledged belief in the teaching of Ismaili Islam."

It is however, much nearer to reasonable possibility to assert that the mass conversion took place in the proselytizing mission of Pir Sadruddin in Sind, Kutchh, Gujrat and Kathiawar. He seems to have discarded the old rituals introduced in the former missions, and gave them palpable shapes. "In this way," says Ansar ahid Khan in his "History and Culture of Sind" (Karachi, 1980, p. 275), "Sadr alin was responsible for providing the final touches to the Nizari Ismaili sect." He also commissioned vakils (deputies) in different places to collect religious dues to be deposited at the main treasury in chh. He also started three times prayers in a day in Indian language tinctured with Koranic verses. He is reputed to have articulated a Communal Bond among the Indian Khoja Ismailis. Earlier, the isolated followers could hardly know their co-religionists, residing in other places due to the lack of coordination. This communal bond is also sounded at present as a living force in the Ismaili world. Pir Sadruddin summoned big assemblies of the Khoja Ismailis many times in Sind and Kathiawar, inviting the local and neighboring followers to participate, to bind them together under a community bond, since their linkage fulfilled not merely a fraternal, but also a communal function. On such Aavi reete hindu Naam, Jaat, Oolakh occasions, special ginans were composed, which had been couched in different dialects. Writing on ne pakdine Islam ma paltavine ALI ma shraddha the ,mission of Pir Sadruddin, Ali Ahmad Brohi says 1987, y in "Historyy of Tombstones" (Hyderabad, ( y rakhavine Lohana, Soomra pp y pp. 133-4)) that, "Anyone who embraced Ismaili dawa was free to ppractice his traditional cult and ane anya Jattiyone Muslim and even retain his pprevious names, caste, identityy with the additional declaration of faith in Imam banavya. veneration for Pirs and descendants of Ali. Byy the adoption p of such liberal attitude a great g manyy powerful tribes, such as Langah, Soomras and Lohanas, were attracted to the Ismaili Satpanth." Pir Sadruddin passed his later period of life in etpur in the vicinity of chh, a town in Bahawalpur State, situated on the south bank of the Satlaj river. It was also called chha, Osa, Askalinda, eogarh or Chachpur, and the Arabs named it Basmad. The tradition relates that aja Chach had built a tank near chh, known as ani Tank, and ordered a town to be built at the spot, and named it Chach, which later corrupted as chh. It was an old seat of Muslim learning. Its graveyards and the tombs of saints silently reflect an story that the place must have been very famous during the Muslim regime. It seems that chh provided great respite and peace to the Muslim saints. Pir Sadruddin also made it his headquarters, and lived in the nearby village called, Sadarhu, and this may be more likely cause that he became to be revered locally as Sadar Shah. He built his small residence at etpur for his family. uring his residency at chh, he had created a close relation with the local eminent persons, notably a certain Niyab bin Kamal of Bahawalpur, who eventually became his follower. It is related that once he was in the house of Niyab bin Kamal, where he was stricken by his last illness. Niyab wept profusely when he found that his Pir was about to depart from the world. Pir Sadruddin made a will to bury his body in his house. Thus, Pir Sadruddin died in 819/1416 and was interred in the house of Niyab bin Kamal, which had been converted to a shrine in 1058/1648 by the local people. He had five sons, viz. Sayed ahir alin, Sayed Salauddin, Pir Tajuddin, Sayed amaluddin and Pir Hasan Kabiruddin. Pir Sadruddin was a great Ismaili preacher, philosopher and dialectician. He indeed towers like an Everest, with no Alps around. It ensues from his ginans that he was the first poet of Gujrati and Sindhi languages. Writing about the ginans, Prof. Annemarie Schimmel remarks in "Pearls from the Indus" (Hyderabad, 1986, p. 14) that, "It is possible that the mystically tinged songs (ginans) and religious instructions used by the Ismaili missionaries constitute the oldest extant example of Sindhi literature." The author further adds that, "It seems that the oldest extant documents of Sindhi religious literature are found in some Ismaili texts of the 14th century, written in Khojki

http://www.ismaili.net/histoire/history07/history712.html

20-Mar-2010

Method of Pir Sadruddin's mission www w.realpatidar.com

Page 4 of 4 Ginan ae ek Kalpanik Lekho chhe.

mail@realpa atidar.com

script" (Ibid., p. 55). Sarah F. . Ansari writes in "Sufi Saints and State Power" (Cambridge, 1992, p. 17) that, "The ginans or mystical w writings of the Ismailis display considerable parallelism of thought with Sufism as well as with the Hindu Bhakti tradition, sharing markedly similar themes and motifs." Pir Sadruddin was also well steeped in the knowledge of astronomy, astrology and physiology. He also mastered in Indian pharmacy, and used to treat the local people. He also assisted the poor in chh and ministered to the sick and travellers, thus he won great applause. to Next Paragraph to Previous Paragraph To This paragraph's index ToNext Chapter To Previous Chapter To Main Index To Home Page

http://www.ismaili.net/histoire/history07/history712.html

20-Mar-2010

7UXWK EHKLQG +LQGXLVDWLRQ RI 6DWSDQWK 6HULHV Gmail - Series 2 -Truth behind Hinduisation of Satpanth & use of Taqiyy...

https://mail.google.com/mail/?ui=2&ik=f5c604

ZZZ UHDOSDWWLGDU FRP PDLO#UH HD DOSDWLGDU FRP Real Patidar <realpatidar@gmail.com>

Real Patidar <realpatidar@gmail.com> Bcc: hasusenghani@gmail.com, nandu_somjiyani@mobileemail.vodafone.in

Tue, Apr , 2010 at 2:23 PM

; b " ( & = . * email ' ? @A & $ / #$ * email ' 8 D = ... 1. Why satpanthis look like hindus & follow hindu hindu customs, if satpanth is a islam sect? c. #$ dA % &S Y e , #$] b BC X , BC , 7 D $ 8 = ? 2. How true is the present hinduisation of pirana. Is is a another ploy? f. $ S BC ( * = W g = ? 3. What is "Taqiyya" h. " , " R = ? 4. What is common between Nishkalanki narayan and Hazrat Ali, the son in law of prophet Mohammed?

-) = R ], = ? i. j ,( " k " ( l $ 7' 5. Why Hindu religious books have been changed by Satpanthis? m. BC % n O A #$] b D ' , = ? 6. Has Imam Shah converted members from our community to Islam? o. R - D *$ dA , = ? 7. Who is present living heir of Imam Shah? p.- D , ] ( = ? ... and many more such probale questions. ... 9 "], ;( '% '. http://issuu.com/patidar/docs/truth_behind_hinduisation_of_satpanth_-d or http://issuu.com/patidar/

Hope you find this email interesting and adds to your knowledge and understanding of Satpanth. *D = * #$ $ ^ % D . Thanks / *. Real $ / $ -----------------------------------------------------------------------------------------------------------------------------------------------------If you want to get emails in this subject to your inbox, please send a request to realpatidar@gmail.com

S ZZZ LVPDLOL QHW 6RXUFH E KWPO> $SU 30@pt&search...

3DJH RI ZZZ UHDOSDWLGDU FRP PDLO#UHDOSDWLGDU FRP

7UXWK EHKLQG +LQGXLVDWLRQ RI 6DWSDQWK 6HULHV

dƌƵƚŚ ďĞŚŝŶĚ ,ŝŶĚƵŝƐĂƚŝŽŶ ŽĨ WŝƌĂŶĂ ^ĂƚƉĂŶƚŚ k D^R D° Xj^hRh dƗXTȵ ƛȳD^R DNɀ ȧ 5k Xj^hRh dƗX5 Tȵ 5k eƛȳ Nɀ 5 k dhȧ ZZZ UHDOSDWLGDU FRP PDLO#UHDOSDWLGDU FRP ZĞĂĚ ŽďƐĞƌǀĂƚŝŽŶƐ ŽĨ ƚǁŽ DƵƐůŝŵ ƌĞƐĞĂƌĐŚĞƌƐ ĂĨƚĞƌ ƐƚƵĚǇŝŶŐ ƚŚĞ ĂůůĞŐĂƚŝŽŶƐ ĂďŽƵƚ ,ŝŶĚƵŝƐĂƚŝŽŶ ŽĨ ^ĂƚƉĂŶƚŚͬƉŝƌĂŶĂ͘ tŚǇ ƚŚĞǇ ĚŽ ŶŽƚ ĂŐƌĞĞ ƚŚĂƚ ŚŝŶĚƵŝƐĂƚŝŽŶ ŚĂƐ ŚĂƉƉĞŶĞĚ͕ ŝŶ ůŝŐŚƚ ŽĨ ^ŚŝĂ /ƐůĂŵ ŝŶƐƉŝƌĞĚ d Y/zz ͘ dŚĞǇ ŚĂǀĞ ĐŽŶĐůƵĚĞĚ ƚŚĂƚ WŝƌĂŶĂ Ɛƚŝůů ĨŽůůŽǁƐ ƚŚĞ ƚƌƵĞ ^ĂƚƉĂŶƚŚ ƚƌĂĚŝƚŝŽŶƐ ĂŶĚ ĐƵƐƚŽŵƐ ĂůďĞŝƚ ƵŶĚĞƌ dĂƋŝǇǇĂ͘ dƗXƛTjB Ďh^h X5Tȵ 5k eƛȳkDhR½ DâhWh 8^sXWh Zh^R\h5 Zp Ⱥ k ƨ_\ ^ dI½Dh^s ՊԽՋԽԹՊԻՀԽՊՋ Wh 7a_sDW ŽďƐĞƌǀĂƚŝŽŶͿ ah5Is͘ 7Wp ib]h 9ƨ_h\j Sh D]h ՌԹՉՍՁՑՑԹ Wp ƚ]hW\h5 ^hEjWh dhIh 7T½\h5 X5Tȵ 5k eƛȳkD^R WTj TȻ 5k Sh D]h Wh \UUTj dƗXƛTjB eĥ XR dhIh dƗXWTj ^ S âhKs Xh` êȻ 5k Jp ?ah iWƧDc½ Spas? D]Ҵ ԱՀԽՁՊ ՅԹՂՇՊ ՇԺՋԽՊՎԹՌՁՇՆՋ Sp\Wh 7Ɵ]hdWh ȺƉk ] 7a_sDW ԟՇՌՀ ՊԽՋԽԹՊԻՀԽՊՋ ՎŝƐŝƚĞĚ WŝƌĂŶĂ ĂŶĚ ŶŽƚĞĚ ƚŚĞ ĂƉƉĂƌĞŶƚ ,ŝŶĚƵŝƐĂƚŝŽŶ ŽĨ ƚŚĞ ƐŚƌŝŶĞ ĂŶĚ ĂĐĐƵƐĂƚŝŽŶƐ ĂŐĂŝŶƐƚ ƉƌĞƐĞŶƚ ĂĚŵŝŶŝƐƚƌĂƚŝŽŶ ŽĨ ƚŚĞ ƐŚƌŝŶĞ͘ k D^RWh 8ëpXs Wj WҭV _jVj y Zđp ^ dI½Dh^s Xj^hRhWj Ⱥk_hDhS _jVj 7Wp ƨT`ȵk U° 5 Ejȱk eƛȳ 5 ԱՀԽՑ ŚĂՎԽ ĚĞƚĂŝůĞĚ ՌՀԽՁՊ ŽďƐĞƌǀĂƚŝŽŶ ĂŶĚ ƌĞĂƐŽŶƐ ďĞŚŝŶĚ ƚŚĞ ŽƵƚǁĂƌĚ ŚŝŶĚƵŝƐĂƚŝŽŶ ĂŶĚ ŚŽǁ Θ ǁŚǇ ;ĨƌŽŵ ĚĞĞƉ ǁŝƚŚŝŶͿ ƐĂƚƉĂŶƚŚ Ɛƚŝůů ŝƐ Ă /ƐůĂŵŝĐ ƐĞĐƚ͘ z SpB? XsShWh 7a_sDW\h5 Zeh] eƛȳkD^R DâhWh Dh^RsWj WҭV _jVj 7Wp D°aj ^ Sp 7Wp bh \hN° d5Sh ^D ^ Sp dƗX5T eĥ XR ?D 9ƨ_h\Ws X5T Jp hŶĚĞƌ dĂƋŝǇǇĂ͕ ŚŽǁ /ƐŵĂՁůŝ ƉƌĞĂĐŚĞƌƐ ŽƵƚǁĂƌĚůǇ ĂƉƉĞĂƌĞĚ ƚŽ ďĞ ,/E h ǇŽŐŝƐ ĂŶĚ ƐĂĚŚƵƐ͙ ĂŶĚ ŶĞǀĞƌ ƌĞǀĞĂůĞ ƚŚĞŝƌ ƚƌƵĞ ŝĚĞŶƚŝƚǇ͘ { Sh D]h e°O` D°aj ^ Sp :ƨ\h:_j V\½Wh ̆Ih^Ds Zhe^Tj e ȳk ]sFj 7Wp dhȴk ȵk ap 5 b Vh^R D^Sh es] Jp 7Wp XsShW dhƍIs X Î] e\pbh ĠXhaSh es] Jp ,Žǁ ĂŶĚ ǁŚǇ ,/E h ZĞůŝŐŝŽƵƐ ďŽŽŬƐ ǁĞƌĞ ĐŚĂŶŐĞĚ ƚŽ ĂĚĂƉƚ /ƐůĂŵ͘ | e ȳk Vhi\ D ȶkƨSDsȵk D° 5 aj ^ Sp 7Wp bh \hN° 9ƨ_h\jD^R Dâh\h5 8ap_ Jp 3DJH RI ZZZ UHDOSDWLGDU FRP PDLO#UHDOSDWLGDU FRP

7UXWK EHKLQG +LQGXLVDWLRQ RI 6DWSDQWK 6HULHV

ƚŚĂƌǀĂ sĞĚ ĨŽůůŽǁĞĚ ďǇ ^ĂƚƉĂŶƚŚŝ ŝƐ ŶŽƚ ƚŚĞ ŽƌŝŐŝŶĂů ,/E h ƚŚĂƌǀĂ sĞĚ͘ k B Ďh^h \hWah\h5 } dƗXƛTjB dƗXƛTjB Ďh^h \hWSh 7Ta ap aU ? eƛȳ ƛȳB Ďh^h \hWah\h 8aSh 7Ta½ 8aSh 7Ta ap aU Tj ȩUs ȩk UP s DLO#UHDOSDWLGDU FRP J } dƗXƛTjB Ďh^h \hWSh 7Ta½ U ? eƛȳ U Tj ȩ s Jp ZZZ UHDOSDWLGDU FRP ϭϬƚŚ ĂǀĂƚĂƌ ՇԾ ԟՀԹԿՏԹՆ sŝƐŚŶƵ ŝƐ ,ĂǌƌĂƚ ůŝ ԪՇՀԹՅՅԹԼ ԭԹՁԿԹՅԺԹՊ0Ջ ՋՇՆ ՁՆ ՄԹՏ ͘ ~ [FahW iaƧȰk Ws Ud\s 7aSh^ eK^S 7_j \se5\U XqFƠZ^ Wh K\h: Jp ͞EŝƐŚŬĂůĂŶŬŝ͟ ŝƐ ƚŚĞ ŶĂŵĞ ŽĨ ϭϬƚŚ ĂǀĂƚĂƌ ŽĨ sŝƐŚŶƵ ;,ĂǌƌĂƚ ůŝͿ eL^S 7_jWh 7aSh^Wp ՟iWƧD_5D ՠ 7aSh^ ZShah\h5 8ap Jp tŚĂƚ ŝƐ d Y/zz ŝŶ /ƐůĂŵ ĂŶĚ ŚŽǁ ĚŽĞƐ ŝƚ ĂůůŽǁ ^ĂƚƉĂŶƚŚŝƐ ƚŽ ƌĞƚĂŝŶ ŚŝŶĚƵ ŝĚĞŶƚŝƚǇ͕ ŚŝŶĚƵ ŶĂŵĞ ĂŶĚ ĨŽůůŽǁ ŚŝŶĚƵ ĐƵƐƚŽŵƐ! 9ƨ_h\ \h5 Sh D]h Ƀk 5 Jp 7Wp D°aj ^ Sp dƗXƛTjBWp e ȳk BÈ e ȳk Wh\ 7Wp e ȳk ^ S âhK XhàhWj Sp\Wp ġN \`p Jp ! tŚĂƚ ՁՋ ŝŶƐŝĚĞ ƚŚĞ WŝƌĂŶĂ! yx Xj^hRhWj ӔU^ Ƀk 5 Jp ! tŚĂƚ ŝƐ ƚŚĞ ƌŽůĞ ŽĨ < < ŝŶ ^ĂƚƉĂŶƚŚ ƚƌĂĚŝƚŝŽŶ! 5 5 DS½ƥ] Jp ! yy dƗX5T X^5 X^h\h5 DhDhȵk Ƀk tŚĂƚ ĐŚĂŶŐĞƐ ŚĂǀĞ ďĞĞŶ ŵĂĚĞ ƚŽ ŐŝǀĞ WŝƌĂŶĂ Ă WƌŽͲ,ŝŶĚƵ ůŽŽŬ yz Xj^RWp eƛȳk S^Y U° Ehah \hN° D]h ZU_ha Dâh\h5 8ap_ Jp tŚǇ ƐƵĐŚ ĐŚĂŶŐĞƐ ĚŽ ŶŽƚ ŵĂƚƚĞƌ ĂƐ ^ĂƚƉĂŶƚŚŝƐ ĂƌĞ 'ƵƉƚŝƐ ĂŶĚ dĂƋŝǇǇĂ ĞŶĂďůĞƐ ƚŚĞŵ ƚŽ ŽƵƚǁĂƌĚůǇ ůŽŽŬ ůŝŬĞ ,/E h^͕ ďƵƚ ŝŶ ƌĞĂůŝƚǇ ĨŽůůŽǁ ŵƵƐůŝŵ ĐƵƐƚŽŵƐ͘ dŚŝƐ ŵĞĂŶƐ ƚŚĂƚ ŽǀĞƌƐŝŽŶ ƚŽ /ƐůĂŵ ŚĂƐ ƚĂŬĞŶ ƉůĂĐĞ͘ ? ZU_has ȵk \eƗa bh \hN° 5 WTj Dh^RD° dƗXWTjB ՟ȤƜk Sjՠ Jp 7Wp ՟Sh D]hՠ Sp\Wp Zhe^Tj e ȳk Ȑah 8I^R DâhWj 7ȵk\iS 8Xp Jp XR ӔU^ Tj Ⱥk ƨ_\ âhKs X`p Jp 8Ws 7T½ ? Jp D° 9ƨ_h\Ws ӔFjDh^ T]s Jp 3DJH RI ZZZ UHDOSDWLGDU FRP PDLO#UHDOSDWLGDU FRP

7UXWK EHKLQG +LQGXLVDWLRQ RI 6DWSDQWK 6HULHV

,Žǁ ĐŚĂŶŐĞƐ ĂƌĞ ŵĂĚĞ ƚŽ ƚŚĞ ŽƌŝŐŝŶĂů ďŽŽŬƐ ŽĨ ^ĂƚƉĂŶƚŚ ďǇ ƚŚĞ ƉƌĞƐĞŶƚ ĂĚŵŝŶŝƐƚƌĂƚŝŽŶ͘ y| eh_Wh ae aNDh^s Ďh^h dƗX5 TWh dhƍIh ȶk ƨSDsWp Daj D°aj ^ Sp ZU_ah\h5 8ap y| y| eh_Wh eh_Wh ae aNDh^s a Ďh^h dƗXTWh dhƍIh ȶk ȶƨSDsW ^ S ZU_ah\h 8a_ a_ Jp J PDLO#UHDOSDWLGDU FRP ZZZ UHDOSDWLGDU FRP dŚĞǇ ŵĞƚ WĂƚĞůƐ͕ ^ĂǇǇŝĚƐ ĂŶĚ ԭՁՊՒԹԼԹ ƚŚĞ ,Ğŝƌ ŽĨ /ŵĂŵ ^ŚĂŚ ǁŚŽ ŚĂƐ ŐŽƚ Ăůů ƚŚĞ ŽƌŝŐŝŶĂů ďŽŽŬƐ ŽĨ ƐĂƚƉĂŶƚŚ ůŽĐŬĞĚ ŝŶ Ă ƐĞĐƌĞƚ ĐŚĂŵďĞƌ ՁՆ ՈՁՊԹՆԹ y} ^ dI½Dh^s XN°_s dơ]pUs 7Wp :\h\ bhe Wh a5bK ՟Xj^LhUhՠ Wp \Ƥ]h D° ȐRp dƗXƛTWj dhIj ȶkƨSDs Xj^hRh\h5 ?D ĠXj KƊ]h\h5 d5ShP°_h Jp hŶĚĞƌ ĨĞĂƌ ŽĨ s,W ŚŽǁ ƐĂƚƉĂŶƚŚŝƐ ƵƐĞĚ dĂƋŝǇǇĂ ĂŶĚ ƉƌĞƚĞŶĚĞĚ ƚŽ ďĞ ,ŝŶĚƵƐ͕ ǁŚĞƌĞ ĂƐ ƚŚĞǇ Ɛƚŝůů ĨŽůůŽǁ /ƐůĂŵ ƚƌĂĚŝƚŝŽŶƐ͘ tŚǇ ^ĂƚƉĂŶƚŚŝƐ ĂƌĞ ĂůƐŽ ĐĂůůĞĚ ĂƐ 'hWd/Ɛ͘ y~ iaĖ e ȳk X ^cUWh P^ Tj dƗXƛTjB Sh D]hWh \UUTj e ȳkB Ȑah U° Eha D]Ҵ 7Wp eĥ XR 9ƨ_h\ Wh âhKs X`p Jp d5ƗXƛTjBWp ՟ȤƜk Sjՠ bh \hN° De°ah] Jp EŽƚĞĚ Ă ĨĂĐƚ ƚŚĂƚ ŵĂŶǇ ,ŝŶĚƵ <ƵŶďŝ ԾĂƌŵĞƌƐ ǁĞƌĞ ĐŽŶǀĞƌƚĞĚ ƚŽ /ƐůĂŵ ԺՑ ԦՅԹՅ ԰ՀԹՀ y GRh e ȳk DRZj EpȮlSsWp 9d\\h5 :\h\ bhe° aN_hap_h Jp ?Wj WҭV _jVj DƵƐůŝŵ ĐƵƐƚŽŵƐ ůŝŬĞ hZ/ > ĂĨƚĞƌ ĚĞĂƚŚ͕ ŵĂǌĂƌƐ ԽՌԻ ԹՊԽ ԾՇՄՄՇՏԽԼ͘ y Ⱥk ƨ_\ âhKs Ȑ\D° \h]h½ XJ UYW D^ɂk 5 DZ^ ZWhaj aFp^° Xhàh\h5 8ap Jp DĞƚ WŝƌǌĂĚĂ ƚŚĞ ,Ğŝƌ ŽĨ /ŵĂŵ ^ŚĂŚ ŚĂǀŝŶŐ ŽĨĨŝĐĞ Ăƚ WŝƌĂŶĂ 'ƵƌƵŬƵů ĚƵĐĂƚŝŽŶ dƌƵƐƚ͕ ŚŵĞĚĂďĂĚ y Xj^LhUh :\h\ bheWh a5bKWp \Ƥ]h ?\Wj BY d Xj^hRh ȤkȿkȢk` ?ȩkD°dW ˼ƨN 7\UhahU\h5 Jp ,Žǁ Θ ǁŚǇ <ĂƌƐĂŶĚĂƐ <ĂՃĂ ŝƐ WŝƌǌĂĚĂ͛Ɛ ŵĂŶ͘ y D^dWUhd DhDh bh \hN° 7Wp D°aj ^ Sp Xj^LhUh ȵk Dh\ D^Sh eSh 7Wp 5 ? Xj^LhUhWh \hRd eSh 3DJH RI ZZZ UHDOSDWLGDU FRP PDLO#UHDOSDWLGDU FRP

7UXWK EHKLQG +LQGXLVDWLRQ RI 6DWSDQWK 6HULHV

<ĂƌƐĂŶĚĂƐ <ĂŬĂ ŝƐ ŵĞŵďĞƌ ŽĨ s,W ŽŶůǇ ďĞĐĂƵƐĞ ŚĞ ŝƐ ƉƌĂĐƚŝĐŝŶŐ dĂƋŝǇǇĂ͘ ZZZ UHDOSDWLGDU FRP PDLO#UHDOSDWLGDU FRP

zx Sh D]h Wh Dh^R Tj D^dWUhd DhDh iaĖ e ƠZp^ eSh j i ȳk X ^cU Wh \p

tŚĂƚ WŝƌǌĂĚĂ ŚĂĚ ƚŽ ƐĂǇ ĂďŽƵƚ ĨŽůůŽǁĞƌƐ ǁŚŽ ǁĂŶƚ ƚŽ ĂƚƚĂŝŶ ƚŚĞ ŚŝŐŚĞƐƚ ŐŽĂů ŝŶ ^ĂƚƉĂŶƚŚ ĂŶĚ ǁŚǇ ƚŚĞǇ ŚĂǀĞ ƚŽ ĐŽŵĞ ƚŽ Śŝŵ ƚŽ ĚŽ ƐŽ͘ zy dƗXƛTWh NsI ɅkVj XɆI 5 Jp k 5 ah \hN° D°aj ^ Sp Xj^LhUh XhdpK Kɂk XP° ,Žǁ ƌĞĂů ďŽŽŬƐ ĂƌĞ ĐŽŶĐĞĂůĞĚ ĂŶĚ ŚŽƉĞƐ ŚŽǁ K> ƐĂƚƉĂŶƚŚŝ ԺՇՇՃՋ ǁŝůů ƌĞƐƵƌĨĂĐĞ ŽŶĐĞ ĂŐĂŝŶ͘ zz D°aj ^ Sp dƗXƛTjBWj ĠXah\h5 8ap_j dhIj ȶkƨSDs ?D Uad Zhe^ 8abp ?aj 8bh Jp 3DJH RI ZZZ UHDOSDWLGDU FRP PDLO#UHDOSDWLGDU FRP

7UXWK EHKLQG +LQGXLVDWLRQ RI 6DWSDQWK 6HULHV

dƌƵƚŚ ďĞŚŝŶĚ ,ŝŶĚƵŝƐĂƚŝŽŶ ŽĨ WŝƌĂŶĂ ^ĂƚƉĂŶƚŚ Ɖ Xj^hRh dƗX5 Tȵ 5k eƛȳkD^R D°°Nɀ 5 k dhȧ 5k j

ZZZ UHDOSDWLGDU FRP PDLO#UHDOSDWLGDU FRP

ZĞĂĚ ŽďƐĞƌǀĂƚŝŽŶƐ ŽĨ ƚǁŽ DƵƐůŝŵ ƌĞƐĞĂƌĐŚĞƌƐ ĂĨƚĞƌ ƐƚƵĚǇŝŶŐ ƚŚĞ ĂůůĞŐĂƚŝŽŶƐ ĂďŽƵƚ ,ŝŶĚƵŝƐĂƚŝŽŶ ŽĨ ^ĂƚƉĂŶƚŚͬƉŝƌĂŶĂ͘ tŚǇ ƚŚĞǇ ĚŽ ŶŽƚ ĂŐƌĞĞ ƚŚĂƚ ŚŝŶĚƵŝƐĂƚŝŽŶ ŚĂƐ ŚĂƉƉĞŶĞĚ͕ ŝŶ ůŝŐŚƚ ŽĨ ^ŚŝĂ /ƐůĂŵ ŝŶƐƉŝƌĞĚ d Y/zz ͘ dŚĞǇ ŚĂǀĞ ĐŽŶĐůƵĚĞĚ ƚŚĂƚ WŝƌĂŶĂ Ɛƚŝůů ĨŽůůŽǁƐ ƚŚĞ ƚƌƵĞ ^ĂƚƉĂŶƚŚ ƚƌĂĚŝƚŝŽŶƐ ĂŶĚ ĐƵƐƚŽŵƐ ĂůďĞŝƚ ƵŶĚĞƌ dĂƋŝǇǇĂ͘ dƗXƛTjB Ďh^h X5Tȵ 5k eƛȳkDhR½ DâhWh 8^sXWh Zh^R\h5 Zp Ⱥ k ƨ_\ ^ dI½Dh^s ՊԽՋԽԹՊԻՀԽՊՋ Wh 7a_sDW ŽďƐĞƌǀĂƚŝŽŶͿ ah5Is͘ 7Wp ib]h 9ƨ_h\j Sh D]h ՌԹՉՍՁՑՑԹ Wp ƚ]hW\h5 ^hEjWh dhIh 7T½\h5 X5Tȵ 5k eƛȳkD^R WTj TȻ 5k Sh D]h Wh \UUTj dƗXƛTjB eĥ XR dhIh dƗXWTj ^ S âhKs Xh` êȻ 5k Jp ?ah iWƧDc½ Spas? D]Ҵ k ] 7a_sDW ԱՀԽՁՊ ՅԹՂՇՊ ՇԺՋԽՊՎԹՌՁՇՆՋ Sp\Wh 7Ɵ]hdWh ȺƉ ԟՇՌՀ ՊԽՋԽԹՊԻՀԽՊՋ ՎŝƐŝƚĞĚ WŝƌĂŶĂ ĂŶĚ ŶŽƚĞĚ ƚŚĞ ĂƉƉĂƌĞŶƚ ,ŝŶĚƵŝƐĂƚŝŽŶ ŽĨ ƚŚĞ ƐŚƌŝŶĞ ĂŶĚ ĂĐĐƵƐĂƚŝŽŶƐ ĂŐĂŝŶƐƚ ƉƌĞƐĞŶƚ ĂĚŵŝŶŝƐƚƌĂƚŝŽŶ ŽĨ ƚŚĞ ƐŚƌŝŶĞ͘ y Zđp ^ dI½Dh^s Xj^hRhWj Ⱥk_hDhS _jVj 7Wp ƨT`ȵk U° 5 Ejȱk eƛȳk 5 D^RWh 8ëpXs Wj WҭV _jVj ԱՀԽՑ ŚĂՎԽ ĚĞƚĂŝůĞĚ ՌՀԽՁՊ ŽďƐĞƌǀĂƚŝŽŶ ĂŶĚ ƌĞĂƐŽŶƐ ďĞŚŝŶĚ ƚŚĞ ŽƵƚǁĂƌĚ ŚŝŶĚƵŝƐĂƚŝŽŶ ĂŶĚ ŚŽǁ Θ ǁŚǇ ;ĨƌŽŵ ĚĞĞƉ ǁŝƚŚŝŶͿ ƐĂƚƉĂŶƚŚ Ɛƚŝůů ŝƐ Ă /ƐůĂŵŝĐ ƐĞĐƚ͘ z SpB? XsShWh 7a_sDW\h5 Zeh] eƛȳk D^R DâhWh Dh^RsWj WҭV _jVj 7Wp D°aj ^ Sp 7Wp bh \hN° d5Sh ^D ^ Sp dƗX5T eĥ XR ?D 9ƨ_h\Ws X5T Jp hŶĚĞƌ dĂƋŝǇǇĂ͕ ŚŽǁ /ƐŵĂՁůŝ ƉƌĞĂĐŚĞƌƐ ŽƵƚǁĂƌĚůǇ ĂƉƉĞĂƌĞĚ ƚŽ ďĞ ,/E h ǇŽŐŝƐ ĂŶĚ ƐĂĚŚƵƐ͙ ĂŶĚ ŶĞǀĞƌ ƌĞǀĞĂůĞ ƚŚĞŝƌ ƚƌƵĞ ŝĚĞŶƚŝƚǇ͘ { Sh D]h e°O` D°aj ^ Sp :ƨ\h:_j V\½Wh ̆Ih^Ds Zhe^Tj e ȳk ]sFj 7Wp dhȴk ȵk ap 5 b Vh^R D^Sh es] Jp 7Wp XsShW dhƍIs X Î] e\pbh ĠXhaSh es] Jp ,Žǁ ĂŶĚ ǁŚǇ ,/E h ZĞůŝŐŝŽƵƐ ďŽŽŬƐ ǁĞƌĞ ĐŚĂŶŐĞĚ ƚŽ ĂĚĂƉƚ /ƐůĂŵ͘ | e ȳk Vhi\ D ȶkƨSDsȵk D° 5 aj ^ Sp 7Wp bh \hN° 9ƨ_h\jD^R Dâh\h5 8ap_ Jp 3DJH RI ZZZ UHDOSDWLGDU FRP PDLO#UHDOSDWLGDU FRP

7UXWK EHKLQG +LQGXLVDWLRQ RI 6DWSDQWK 6HULHV

ƚŚĂƌǀĂ sĞĚ ĨŽůůŽǁĞĚ ďǇ ^ĂƚƉĂŶƚŚŝ ŝƐ ŶŽƚ ƚŚĞ ŽƌŝŐŝŶĂů ,/E h ƚŚĂƌǀĂ sĞĚ͘ ZZZ UHDOSDWLGDU FRP PDLO#UHDOSDWLGDU FRP

} dƗXƛTjB Ďh^h \hWSh 7Ta½ apU ? eƛȳk B Ďh^h \hWah\h5 8aSh 7Ta½ apU Tj ȩk Us Jp ϭϬƚŚ ĂǀĂƚĂƌ ՇԾ ԟՀԹԿՏԹՆ sŝƐŚŶƵ ŝƐ ,ĂǌƌĂƚ ůŝ ԪՇՀԹՅՅԹԼ ԭԹՁԿԹՅԺԹՊ0Ջ ՋՇՆ ՁՆ ՄԹՏ ͘ ~ [FahW iaƧȰk Ws Ud\s 7aSh^ eK^S 7_j \se5\U XqFƠZ^ Wh K\h: Jp ͞EŝƐŚŬĂůĂŶŬŝ͟ ŝƐ ƚŚĞ ŶĂŵĞ ŽĨ ϭϬƚŚ ĂǀĂƚĂƌ ŽĨ sŝƐŚŶƵ ;,ĂǌƌĂƚ ůŝͿ eL^S 7_jWh 7aSh^Wp ՟iWƧD_5D ՠ 7aSh^ ZShah\h5 8ap Jp tŚĂƚ ŝƐ d Y/zz ŝŶ /ƐůĂŵ ĂŶĚ ŚŽǁ ĚŽĞƐ ŝƚ ĂůůŽǁ ^ĂƚƉĂŶƚŚŝƐ ƚŽ ƌĞƚĂŝŶ ŚŝŶĚƵ ŝĚĞŶƚŝƚǇ͕ ŚŝŶĚƵ ŶĂŵĞ ĂŶĚ ĨŽůůŽǁ ŚŝŶĚƵ ĐƵƐƚŽŵƐ! 9ƨ_h\ \h5 Sh D]h Ƀk 5 Jp 7Wp D°aj ^ Sp dƗXƛTjBWp e ȳk BÈ e ȳk Wh\ 7Wp e ȳk ^ S âhK XhàhWj Sp\Wp ġN \`p Jp ! tŚĂƚ ՁՋ ŝŶƐŝĚĞ ƚŚĞ WŝƌĂŶĂ! yx Xj^hRhWj ӔU^ Ƀk 5 Jp ! tŚĂƚ ŝƐ ƚŚĞ ƌŽůĞ ŽĨ < < ŝŶ ^ĂƚƉĂŶƚŚ ƚƌĂĚŝƚŝŽŶ! 5 5 DS½ƥ] Jp ! yy dƗX5T X^5 X^h\h5 DhDhȵk Ƀk tŚĂƚ ĐŚĂŶŐĞƐ ŚĂǀĞ ďĞĞŶ ŵĂĚĞ ƚŽ ŐŝǀĞ WŝƌĂŶĂ Ă WƌŽͲ,ŝŶĚƵ ůŽŽŬ yz Xj^RWp eƛȳk S^Y U° Ehah \hN° D]h ZU_ha Dâh\h5 8ap_ Jp tŚǇ ƐƵĐŚ ĐŚĂŶŐĞƐ ĚŽ ŶŽƚ ŵĂƚƚĞƌ ĂƐ ^ĂƚƉĂŶƚŚŝƐ ĂƌĞ 'ƵƉƚŝƐ ĂŶĚ dĂƋŝǇǇĂ ĞŶĂďůĞƐ ƚŚĞŵ ƚŽ ŽƵƚǁĂƌĚůǇ ůŽŽŬ ůŝŬĞ ,/E h^͕ ďƵƚ ŝŶ ƌĞĂůŝƚǇ ĨŽůůŽǁ ŵƵƐůŝŵ ĐƵƐƚŽŵƐ͘ dŚŝƐ ŵĞĂŶƐ ƚŚĂƚ ŽǀĞƌƐŝŽŶ ƚŽ /ƐůĂŵ ŚĂƐ ƚĂŬĞŶ ƉůĂĐĞ͘ ? ZU_has ȵk \eƗa bh \hN° 5 WTj Dh^RD° dƗXWTjB ՟ȤƜk Sjՠ Jp 7Wp ՟Sh D]hՠ Sp\Wp Zhe^Tj e ȳk Ȑah 8I^R DâhWj 7ȵk\iS 8Xp Jp XR ӔU^ Tj Ⱥk ƨ_\ âhKs X`p Jp 8Ws 7T½ ? Jp D° 9ƨ_h\Ws ӔFjDh^ T]s Jp 3DJH RI ZZZ UHDOSDWLGDU FRP PDLO#UHDOSDWLGDU FRP

7UXWK EHKLQG +LQGXLVDWLRQ RI 6DWSDQWK 6HULHV

,Žǁ ĐŚĂŶŐĞƐ ĂƌĞ ŵĂĚĞ ƚŽ ƚŚĞ ŽƌŝŐŝŶĂů ďŽŽŬƐ ŽĨ ^ĂƚƉĂŶƚŚ ďǇ ƚŚĞ ƉƌĞƐĞŶƚ ĂĚŵŝŶŝƐƚƌĂƚŝŽŶ͘

ZZZ UHDOSDWLGDU FRP PDLO#UHDOSDWLGDU FRP

y| eh_Wh ae aNDh^s Ďh^h dƗX5TWh dhƍIh ȶkƨSDsWp D°aj ^ Sp ZU_ah\h5 8ap_ Jp dŚĞǇ ŵĞƚ WĂƚĞůƐ͕ ^ĂǇǇŝĚƐ ĂŶĚ ԭՁՊՒԹԼԹ ƚŚĞ ,Ğŝƌ ŽĨ /ŵĂŵ ^ŚĂŚ ǁŚŽ ŚĂƐ ŐŽƚ Ăůů ƚŚĞ ŽƌŝŐŝŶĂů ďŽŽŬƐ ŽĨ ƐĂƚƉĂŶƚŚ ůŽĐŬĞĚ ŝŶ Ă ƐĞĐƌĞƚ ĐŚĂŵďĞƌ ՁՆ ՈՁՊԹՆԹ y} ^ dI½Dh^s XN°_s dơ]pUs 7Wp :\h\ bhe Wh a5bK ՟Xj^LhUhՠ Wp \Ƥ]h D° ȐRp dƗXƛTWj dhIj ȶkƨSDs Xj^hRh\h5 ?D ĠXj KƊ]h\h5 d5ShP°_h Jp hŶĚĞƌ ĨĞĂƌ ŽĨ s,W ŚŽǁ ƐĂƚƉĂŶƚŚŝƐ ƵƐĞĚ dĂƋŝǇǇĂ ĂŶĚ ƉƌĞƚĞŶĚĞĚ ƚŽ ďĞ ,ŝŶĚƵƐ͕ ǁŚĞƌĞ ĂƐ ƚŚĞǇ Ɛƚŝůů ĨŽůůŽǁ /ƐůĂŵ ƚƌĂĚŝƚŝŽŶƐ͘ tŚǇ ^ĂƚƉĂŶƚŚŝƐ ĂƌĞ ĂůƐŽ ĐĂůůĞĚ ĂƐ 'hWd/Ɛ͘ y~ iaĖ e ȳk X ^cUWh P^ Tj dƗXƛTjB Sh D]hWh \UUTj e ȳkB Ȑah U° Eha D]Ҵ 7Wp eĥ XR 9ƨ_h\ Wh âhKs X`p Jp d5ƗXƛTjBWp ՟ȤƜk Sjՠ bh \hN° De°ah] Jp EŽƚĞĚ Ă ĨĂĐƚ ƚŚĂƚ ŵĂŶǇ ,ŝŶĚƵ <ƵŶďŝ ԾĂƌŵĞƌƐ ǁĞƌĞ ĐŽŶǀĞƌƚĞĚ ƚŽ /ƐůĂŵ ԺՑ ԦՅԹՅ ԰ՀԹՀ y GRh e ȳk DRZj EpȮlSsWp 9d\\h5 :\h\ bhe° aN_hap_h Jp ?Wj WҭV _jVj DƵƐůŝŵ ĐƵƐƚŽŵƐ ůŝŬĞ hZ/ > ĂĨƚĞƌ ĚĞĂƚŚ͕ ŵĂǌĂƌƐ ԽՌԻ ԹՊԽ ԾՇՄՄՇՏԽԼ͘ y Ⱥk ƨ_\ âhKs Ȑ\D° \h]h½ XJ UYW D^ɂk DZ^ ZWhaj aFp 5 ^° Xhàh\h5 8ap Jp DĞƚ WŝƌǌĂĚĂ ƚŚĞ ,Ğŝƌ ŽĨ /ŵĂŵ ^ŚĂŚ ŚĂǀŝŶŐ ŽĨĨŝĐĞ Ăƚ WŝƌĂŶĂ 'ƵƌƵŬƵů ĚƵĐĂƚŝŽŶ dƌƵƐƚ͕ ŚŵĞĚĂďĂĚ y Xj^LhUh :\h\ bheWh a5bKWp \Ƥ]h ?\Wj BY d Xj^hRh ȤkȿkȢk` ?ȩk D°dW ˼ƨN 7\UhahU\h5 Jp ,Žǁ Θ ǁŚǇ <ĂƌƐĂŶĚĂƐ <ĂՃĂ ŝƐ WŝƌǌĂĚĂ͛Ɛ ŵĂŶ͘ y D^dWUhd DhDh bh \hN° 7Wp D°aj ^ Sp Xj^LhUh ȵk 5 Dh\ D^Sh eSh 7Wp ? Xj^LhUhWh \hRd eSh 3DJH RI ZZZ UHDOSDWLGDU FRP PDLO#UHDOSDWLGDU FRP

7UXWK EHKLQG +LQGXLVDWLRQ RI 6DWSDQWK 6HULHV

<ĂƌƐĂŶĚĂƐ <ĂŬĂ ŝƐ ŵĞŵďĞƌ ŽĨ s,W ŽŶůǇ ďĞĐĂƵƐĞ ŚĞ ŝƐ ƉƌĂĐƚŝĐŝŶŐ dĂƋŝǇǇĂ͘ ZZZ UHDOSDWLGDU FRP PDLO#UHDOSDWLGDU FRP

zx Sh D]h Wh Dh^R Tj D^dWUhd DhDh iaĖ e ƠZp^ eSh j i ȳ k X ^cU Wh \p

7UXWK EHKLQG +LQGXLVDWLRQ RI 6DWSDQWK 6HULHV

ZZZ UHDOSDWLGDU FRP PDLO#UHDOSDWLGDU FRP

&RH[LVWDQFH DQG &RPPXQDOLVP 7KH 6KULQH RI 3LUDQD LQ *XMDUDW 6RXWK $VLD 9RO ;;,, 6SHFLDO ,VVXH SS 'RPLQLTXH 6LOD .KDQ DQG =DZDKLU 0RLU

$XWKRUV RI WKLV DUWLFOH DUH PXVOLPV

,1'(; 72 &2(;,67$1&( $1' &20081$/,60

,1752'8&7,21 7+( 1,=$5, ,60$,/, 0,66,21 ',9,',1* 7+( 6$&5(' 63$&( )$&,1* 7+( 6$))521 %5,*$'(

$ 9,6,7 72 3,5$1$ $ &5,6,6 2) ,'(17,7,(6 7+( ,19,6,%/( 3,5 7+( 6$1'$/ &(5(021< $7 3,5$1$

3DJH RI ZZZ UHDOSDWLGDU FRP PDLO#UHDOSDWLGDU FRP

7UXWK EHKLQG +LQGXLVDWLRQ RI 6DWSDQWK 6HULHV

PDLO#UHDOSDWLGDU FRP P

&2(;,67(1&( $1' &20081$/,60 7+( 6+5,1( 2) 3,5$1$ O1 *8-$5$7

6RXWK $VLD 9RO ;;,, 6SHFLDO ,VVXH SS 'RPLQLTXH 6LOD .KDQ DQG =DZDKLU 0RLU ,Q ,QGLD DV HOVH ZKHUH ,VODP VWLOO WHQGV WR EH SHUFHLYHG DV D PRQROLWKLF SKHQRPHQRQ 7KH VWXG\ RI LWV KLVWRULFDO DQG FRQWHPSRUDU\ DVSHFWV FRQWLQXHV PRUH WKDQ RIWHQ WR EH UHVWULFWHG WR Â³OHJDOLVWLFÂ´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Â³ULYDO UHOLJLRXV FRPPXQLWLHVÂ´ RQFH PRUH SUHFRQFHLYHG DV WZR RSSRVHG PRQROLWKLF EORFNV

,PDPVKDKL WUDGLWLRQ DW 3LUDQD LV D EUDQFK RI ,VODP

7KH ,PDPVKDKL WUDGLWLRQ RI *XMDUDW FHQWUHG RQ 3LUDQD QHDU $KPHGDEDG ZKLFK ZH KDYH 7KH ,PDPVKDKL WUDGLWLRQ RI *XMDUDW FHQWUHG RQ 3LUDQD QHDU $KPHGDEDG G FKRVHQ WR LQWURGXFH KHUH H[HPSOLILHV LQ LWVHOI VRPH RI WKH FRPSOH[LWLHV RI WKH VXEMHFW 7KLV S VHFW RI 1L]DUL ,VPDLOLVP LWVHOI D EUDQFK RI 6KLD ,VODP ZKLFK HPHUJHG LQ WKH ILIWHHQWK VHFW RI 1L]DUL ,VPDLOLVP LWVHOI D EUDQFK RI 6KLD ,VODP

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

3DJH RI ZZZ UHDOSDWLGDU FRP PDLO#UHDOSDWLGDU FRP

7UXWK EHKLQG +LQGXLVDWLRQ RI 6DWSDQWK 6HULHV

ZZZ UHDOSDWLGDU FRP PDLO#UHDOSD DWLGDU FRP

7KH 1L]DUL ,VPDLOL 0LVVLRQ LQ 6RXWK $VLD 1L]DUL ,VPDLOL 0LVVLRQ

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Â³+LQGXÂ´ $W WKLV VWDJH LW LV QHFHVVDU\ WR UHFDOO WKDW WKH 6XQQL UXOHUV RI WKH VXEFRQWLQHQW ZHUH OHVV FRQFHUQHG ZLWK FRQYHUVLRQV WKDQ ZLWK FRQTXHVWV ZKHUHDV FRQYHUVLRQ ZDV DQ HVVHQWLDO SDUW RI WKH LGLRP T S 7KXV LQ RUGHU WR DYRLG SHUVHFXWLRQ WKH 1L]DULV UHVRUWHG WR WKH XVXDO S RI WKH ,VPDLOL GDZD 7KXV LQ RUGHU WR DYRLG SHUVHFXWLRQ WKH 1L]DULV UHVRUWHG WR WKH XVXDO S SURFHVV RI WDTL\\D FRQFHDOLQJ RQHÂ¶V LGHQWLW\ DQG WUXH IDLWK LQ FDVH RI GDQJHU ZKLFK LV D T \\ J \ J S SHUPLWWHG 6KLD SUDFWLFH WKH\ DSSHDUHG RXWZDUGO\ DV +LQGX \RJLV DQG VDLQWV RU DV 6XQQL S

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Â¶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

SKLORVRSK\ LQ FRPPRQ +LQGX EHOLHI 9LVKQXÂ´V WHQWK DYDWDU LV H[SHFWHG RQO\ DW WKH HQG RI RXU HUD S \ ZKLOH LQ FRPPRQ +LQGX EHOLHI 9LVKQXÂ´V WHQWK DYDWDU LV H[SHFWHG RQO\ DW WKH HQG RI RXU HUD NDOL \XJD LQ WKH QHZ Â³+LQGXLVHGÂ´ 1L]DUL LGLRP KLV DGYHQW KDG DOUHDG\ WDNHQ SODFH KH

5HSHDWV WKDW LW LV D VHFW RI ,VODP

HYLGHQFH LV DYDLODEOH 6WDUWLQJ SRLQW RI 6DWSDQWK

/RFDO $GDSWDWLRQ

:+$7 LV 7$4,<<$" 7DTL\\D +LGH WKH LGHQWLW\ DQG WR SUHWHQG WR EH +LQGX <RJLV DQG VDLQWV +,1'8 5(/,*,286 %22.6 :(5( &+$1*(' ZLWK LQWHQWLRQV WR FRQYHUW KLQGXV +LQGX ULWXDOV 322-$ 1, 5((7 5,9$- ZHUH PRGLILHG WR LQFOXGH ,6/$0,& HOHPHQWV ,Q 6DWSDQWK ,PDP LV DVVRFLDWHG ZLWK 9LVKQX $YWDDU ,Q 6DWSDQWK 9LVKQX V WK DYWDDU KDV DOUHDG\ WDNHQ SODFH

3DJH RI ZZZ UHDOSDWLGDU FRP PDLO#UHDOSDWLGDU FRP

7UXWK EHKLQG +LQGXLVDWLRQ RI 6DWSDQWK 6HULHV 9LVKQX $YWDDU LV ,PDP $OL 3URSKHW 0XKDPPDG V VRQ LQ ZZZ UHDOSDWLGDU FRP PDLO#UHDOSDWLGDU FRP

ZDV QRQH RWKHU WKDQ ,PDP $OL WKH 3URSKHW 0XKDPPDGÂ´V VRQ LQ ODZ ZKR EHFDPH S PDQLIHVWHG LQ WKH VXFFHVVLYH OLQH RI ,PDPV 7KH ,VPDLOL EHOLHI LQ WLPH F\FOHV ZDV PDQLIHVWHG LQ WKH VXFFHVVLYH OLQH RI ,PDPV VRPHZKDW DNLQ WR WKH +LQGX FRQFHSW RI \XJDV VR WKDW 9LVKQXÂ´ V SUHYLRXV LQFDUQDWLRQV FRXOG EH PDGH WR ILW LQWR DQ DOUHDG\ H[LVWLQJ FRQFHSWXDO IUDPHZRUN 7KH FHQWUDOLW\ RI WKLV LGHD LV DWWHVWHG E\ WKH IDFW WKDW WLOO UHFHQWO\ D JLQDQ HQWLWOHG 'DV DYDWDU ZDV D SDUW RI WKH UHJXODU SUD\HU VHVVLRQ LQ WKH 1L]DUL MDPDW NKDQDV ZKHUH WKH .KRMDV RQH RI WKH QDPHV XVHG WR UHIHU WR WKH 1L]DUL FRPPXQLW\ RI WKH VXEFRQWLQHQW JDWKHUHG WKUHH WLPHV D GD\ 8OWLPDWHO\ LW LV WKH ZKROH ,VODPLF FRQFHSW RI VXFFHVVLYH UHYHODWLRQV FRPSOHWLQJ DQG VXSHUVHGLQJ HDFK RWKHU ZKLFK ZDV UHWDLQHG LQ WKH VDPH ZD\ DV -XGDLVP DQG &KULVWLDQLW\ KDG EHHQ DFFHSWHG LQ WKH 4XUDQ DV VXFFHVVLYH SKDVHV RI WKH VDFUHG +LVWRU\ WKH SDVW DV UHIOHFWHG LQ 9HGLF DQG %UDKPDQLFDO P\WKRORJ\ ZDV LQWHJUDWHG LQ D IRUP PRGLILHG WR VXLW \ J\ J WKH UHTXLUHPHQWV RI ,VPDLOL LGHRORJ\ 7KHUHIRUH LW LV QRW RQO\ DV D UHVXOW RI WDTL\\D T J\ 7KHUHIRUH LW LV QRW RQO\ DV D UHVXOW RI WDTL\\D \ T \\ S SUHFDXWLRQDU\ GLVVLPXODWLRQ EXW DOVR DV D H[SUHVVLRQ RI WKLV LGHD WKDW 1L]DUL ,VPDLOLVP \

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

S HLWKHU IROORZ KLP DQG SD\ WKH FXVWRPDU\ WLWKH GDVRQGK RU LQWHJUDWH LQWR DQRWKHU FRPPXQLW\ 6XQQL 7ZHOYHU 6KLD RU +LQGX 7KH %ULWLVK FRQFHUQ IRU FOHDU FXW FDWHJRULHV FRPPXQLW\ 6 PLUURUHG LQ WKH FHQVXV RSHUDWLRQV RI WKDW SHULRG DV ZHOO DV WKH DFWLYLWLHV RI VRPH ORFDO UHYLYDOLVW PRYHPHQWV ZKLFK ZHUH D UHVSRQVH WR WKH FRORQLDO FKDOOHQJH FUHDWHG D SUHVVXUH ZKLFK PDGH LW PRUH DQG PRUH GLIILFXOW IRU VRFLDO JURXSV WR UHWDLQ LQWHUPHGLDU\ RU Â³OLPLQDOÂ´ UHOLJLRXV LGHQWLWLHV OQ WKLV ZD\ WKH 1L]DULV ZKR UHPDLQHG IDLWKIXO WR WKH $JD .KDQV ZHUH JUDGXDOO\ WKURXJK YDULRXV IOXFWXDQW SKDVHV OHG WR UH ,VODPLVH WKHLU WUDGLWLRQ WR VXLW WKH UHTXLUHPHQWV RI D SDUWLFXODU SROLF\ DLPHG DW D UDSSURFKHPHQW EHWZHHQ ,VPDLOLV DQG WKHLU IRUPHU ULYD,V LQ WKH 0XVOLP ZRUOG 0HDQZKLOH WKRVH ZKR KDG FKRVHQ WR DGRSW D GLIIHUHQW UHOLJLRXV LGHQWLW\ IROORZHG WKHLU RZQ ZD\

+LQGX EHOLHI ZDV 02',),(' WR VXLW ,6/$0

7DTL\\D LV RQH UHDVRQ WR FKDQJH WKH +,1'8 9HGD

+,1'8 9HGDV KDYH EHHQ FKDQJHG $WKDU 9HGD

%RPED\ &2857 &DVH 3D\ '$621'+ DQG IROORZ 1L]DUL .+2-$

VHFW

0DLQ )($785(6 +LGH LGHQWLW\ 3UDFWLFH 7DTL\\D HWF

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

3DJH RI ZZZ UHDOSDWLGDU FRP PDLO#UHDOSDWLGDU FRP

7UXWK EHKLQG +LQGXLVDWLRQ RI 6DWSDQWK 6HULHV

ZZZ UHDOSDWLGDU FRP PDLO#UHDOSDWLGDU FRP

'LYLGLQJ WKH 6DFUHG 6SDFH &RQIOLFWLQJ 9RLFHV

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Â³FRVPRSROLWDQÂ´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Â³WUXH YHUVLRQ RI WKH VWRU\Â´ L H WKH +LQGX LGHQWLW\ RI WKH WKH +LQGX LGHQWLW\ RI WKH VKULQH WKH EHVW HYLGHQFH RI ZKLFK ZDV WKDW WKH SHUSHWXDO OLJKW DNKDQG M\RW EXUQLQJ LQ WKH VKULQH VDPDGKL ZDV PDGH RI JKw FODULILHG EXWWHU DQG QRW RI RLO ZKLFK ZRXOG KDYH EHHQ WKH FDVH LI WKH VKULQH ZHUH D Â³UHDOÂ´ 0XVOLP GDUJLLK -XVW RSSRVLWH WKH GDUN FORWKHG 6D\\LGV GHVFHQGDQWV RI ,PDP 6KDK %DZD VLWWLQJ LQ IURQW RI WKH VDLQWÂ´V JDGGw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

3UHVHQW 0DQDJHPHQW RI 3LUDQD

ZKDW KDSSHQV LQVLGH SLUDQD

3DJH RI ZZZ UHDOSDWLGDU FRP PDLO#UHDOSDWLGDU FRP

WK 9LVKQX DYWDDU 7UXWK EHKLQG +LQGXLVDWLRQ RI 6DWSDQWK 6HULHV PHDQV ,PDP $/,

FRQVWUXFWLRQ QRW IDU IURP WKH YLOODJH LW ZRXOG LQFOXGH D JXUXNXO VFKRRO DQG D PDMHVWLF M S M\ \ 1LVKNDODQNL LW ZDV WHPSOH UHIHUUHG WR DV M\RWL PDQGLU RU 1LVNDODQNw 1DUD\DQ ND 0DQGLU 1LVKNDODQNL LW ZDV ZZZ UHDOSDWLGDU FRP Z HD DWLGDU FRP VSHFLILHG ZDV WKHLU PDLQ GHLW\ DUDG\D GHY WKH WHQWK LQFDUQDWLRQ RI 9LVKQX VSHFLILHG VSHFLILHG ZDV WKHLU PDLQ GHLW\ DUDG\D GHY WKH WHQWK LQFDUQDWLRQ RI 9LVKQX ZKR VH FXOW ZDVPDLO#UHDOSDWLGDUUU FRP D HVVHQWLDO SDUW RI WKH 6DWSDQWK $ VLPLODU SODFH RI ZRUVKLS DOUHDG\ H[LVWHG RSHQLQJ RQ WKH VDPH FRXUW \DUG LW KDG EHHQ DUUDQJHG LQVLGH WKH IRUPHU UHVWLQJ SODFH RI ,PDP 6KDK GKROLD

DQG ZDV XVHG IRU WKH GDLO\ DUDWw +LQGX RIIHULQJ FXOW DV ZH,O DV IRU WKH VSHFLILFDOO\ 6DWSDQWKL ULWXDO RI KRO\ ZDWHU RU JKDW SDW ,W ZDV UHDOO\ EUHDWKWDNLQJ WR VHH VR FORVH WR WKH \ SS

0XVOLP GDUJDK HYHQ LW KDV EHHQ UHQDPHG VDPDGKL E\ WKH 3DWHO ZRUVKLSSHUV ZKDW J\ ZDOOV GHSLFWHG WKH PLUDFOHV RI ,PDP 6KDK DQG S VWULNLQJO\ ORRNHG OLNH D +LQGX PDQGLU LI WKH ZDOOV GHSLFWHG WKH PLUDFOHV RI ,PDP 6KDK DQG KLV OLIH WKH FHLOLQJ ZDV HQWLUHO\ FRYHUHG E\ FRORXUIXO UHSUHVHQWDWLRQV RI WKH WHQ DYDWDUV RI 9LVKQX D J J S 9LVKQX DQG RI RWKHU JRGV DQG JRGGHVVHV OQ WKH UHFHVV ZKLFK FRXOG KDYH FRUUHVSRQGHG WR JDUEKJUKD RI D WHPSOH J J

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

3HUVXDGLQJ QRW WR UHDG 27+(5 ERRNV

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³HQHP\´ 8QGHU WKH VKHOWHU RI WKH FKDMMD FRYHUHG E\ D ZKLWH FORWK XSRQ ZKLFK VKRQH ZRUGV RI SURWHVWDWLRQ LQ EULJKW UHG SDLQW VDW D IHZ \RXQJ DQG PLGGOH DJHG PHQ PRVW RI WKHP ZHDULQJ FORWKHV RI GDUN FRORXU VRPH RI WKHP RVWHQWDWLRXVO\ GLVSOD\LQJ WKHLU 0XVOLP LGHQWLW\ E\ ZHDULQJ WKH XVXDO ODFHG FDS ZKHUHDV FXULRXVO\ HQRXJK DOO WKH FXVWRGLDQV RI WKH YDULRXV WRPEV PXMDYDUV ZKHWKHU +LQGXV RU 0XVOLPV ZHUH ZHDULQJ H[DFWO\ WKH VDPH ZKLWH FORWKV DQG ³1HKUX´ FDS :KHQ ZH UHDFKHG WKH VSRW WKH 6D\\LG SOD\HUV KDG EHHQ VLWWLQJ UHJXODUO\ RQ WKLV VLGH RI WKH FKHVV ERDUG IRU DERXW WZR KXQGUHG DQG HLJKW\ GD\V LQ GKDUQD OQ RUGHU WR SURWHVW WKH\ KDG FUHDWHG WKH ,PDPVKDKL 6DGDW &RPPLWWHH KHDGHG E\ 0 0 6D\\LG DQG 1XUXGGLQ 6D\\LG ³2XU KHULWDJH LQGHHG WKH\ DUH GHVFHQGDQWV RI WKH ODUJH ,PDP 6KDK IDPLO\ KDV EHHQ KLJKMDFNHG´ WKH\ H[SODLQHG JLYLQJ XV D WUDFW ZKLFK ZH FDUHIXOO\ UHDG ,W EHJLQV ZLWK WKH IROORZLQJ ZRUGV ³WKLV VKULQH LV D V\PERO RI VHFXODULVP DQG QDWLRQDO LQWHJUDWLRQ QRZ WKLV VKULQH KDV EHFRPH D SODFH RI FRPPXQDOLVP DQG IDVFLVP´ $QG WKHQ ZH KDG WR OLVWHQ WR DQRWKHU YHUVLRQ RI WKH 3LUDQD WUDGLWLRQ ,PDP 6KDK DV ZH DUH WROG ZDV WKH VRQ RI WKH 6XIL 3LU +DVDQ .DELUXGGLQ ZKR FDPH WR *XMDUDW IURP 0XOWDQ +H WUDFHG KLV GHVFHQW EDFN WR ,PDP -DIIDU DO 6DGLT DQG KLV VRQ ,VPDLO DQG WKDW LV ZK\ KH KLPVHOI DQG DOO KLV GHVFHQGDQWV LQFOXGLQJ WKH SUHVHQW 6D\\LGV DUH NQRZQ DV ³-DIIUL ,VPDLOLV´ $W ILUVW ZH VLOHQWO\ WULXPSKHG WHPSWHG WR FRQFOXGH WKDW RXU LQIRUPDQW DGPLWWHG GLUHFWO\ RU LQGLUHFWO\ WKH 6KLD ,VPDLOL RULJLQ RI WKH VHFW %XW ZH ZHUH VRRQ GLVLOOXVLRQHG ,VPDLOL" 'LG LW PHDQ WKDW WKDW ,PDP 6KDK ZDV D 6KLD" 7KH UHSO\ FDPH LPPHGLDWHO\ KH ZDV D 6XIL QHLWKHU D 6XQQL QRU D 6KLD D GHWDLO ZKLFK RYHUWKUHZ DOO RXU IRUPHU FRQYLFWLRQV $QG DV LI WKH EORZ ZHUH QRW PLJKW\ HQRXJK WR VKDWWHU WKH UHVW RI RXU LOOXVLRQV RQH RI WKH PHQ DGGHG ³ZH DUH 6XQQLV´ $QG KH SRLQWHG WR WKH PRVTXH ZKHUH KH DQG KLV EURWKHUV RIIHUHG UHJXODU SUD\HUV QDPD] ILYH WLPHV D GD\ $IWHU WKLV LQWHUUXSWLRQ KH ZHQW RQ ZLWK WKH VWRU\ RI ,PDP 6KDK

3DJH RI ZZZ UHDOSDWLGDU FRP PDLO#UHDOSDWLGDU FRP

.DND DQG KLV UROH LQ 6DWSDQWK 7UXWK EHKLQG +LQGXLVDWLRQ RI 6DWSDQWK 6HULHV

$FFRUGLQJ WR KLP WKH VDLQW FRQYHUWHG PDQ\ +LQGXV DQG HQWUXVWHG WR RQH RI WKHP WKH FRQYHUWHG PDQ\ +LQGXV FXVWRG\ RI WKH GDUJDK WKHVH SHRSOH ZKR DUH FHOLEDWH DUH UHIHUUHG WR DV .DNDV ZKLFK PHDQV :K\\ :+$7 3UR +,1'8 ZZZ UHDOSDWLGDU FRP DOSDWLGDU FRP DFKDQJHV PDG Â³VHUYDQWÂ´ Â³VHUYDQWÂ´ LQ 3HUVLDQ :K\ VKRXOG D PHUH VHUYDQW HQWLWOH KLPVHOI Â³*XUXÂ´ Â³$FKDU\DÂ´ DQGÂ´ PDLO#UHDOSDWLGDU FRP PDGH" 0DKDUDMÂ´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Â³3LUDQD 3UHUQD 3LWKÂ´ DQG VWLOO ZRUVH WKH IRXQGHU RI WKH PRYHPHQW LQWR D +LQGX 3LU Â³3LUDQD 3UHUQD 3LWKÂ´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Â³UHDOO\Â´ WRRN SODFH &RQYHUVLRQ WR ,VODP Â³UHDOO\Â´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

6DWSDQWKLV IROORZ 7DTL\\D ZKLFK LV D )250 RI ,6/$0 ,W DOORZV WKHP WR ORRN DQG SUHWHQG

7KHVH ZRUGV KDG OHG XV WR IRUPXODWH DQ LQWHUHVWLQJ K\SRWKHVLV LI WKH +LQGX PHPEHUV RI WKH 3DQWK ZHUH LQ UHDOLW\ FU\SWR 0XVOLPV WKH 3DWHOV ZDV QRW WKH 6D\\LGV 6XQQLVP RULJLQDOO\ DOVR D IRUP RI WDTL\\D" ,PDP 6KDK KLPVHOI KDG PDUULHG WKH GDXJKWHU RI D 6XQQL 6XIL

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Â³UHWUHDWÂ´ 7KHUH ZH ERZHG LQ IURQW RI DQ LPSRVLQJ FKDUDFWHU ZHDULQJ D IORZLQJ ZKLWH EHDUG D RFKUH FRORXUHG WXUEDQ DQG GLVSOD\LQJ SURXGO\ RQ ELV IRUHKHDG D UHG WLODN 7KH 0DKDUDM ZDV TXLHWO\ VLWWLQJ RQ D EHG QHDU D ZLQGRZ LQ D PRGHUQ URRP HTXLSSHG ZLWK D FRROHU DQG D WHOHSKRQH +H JUHHWHG XV ZLWK D 1L]DUL .KRMD WUDGLWLRQ KDV VPLOH ZKLFK PDGH LW GLIILFXOW WR EHOLHYH WKDW KH ZDV D Â³+LQGX KDUGOLQHUÂ´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Â³+LQGXLVHGÂ´ SDWWHUQV DQG WR SOD\ GRZQ RU OHDYH RXW WKH ,VODPLF WKHPHV WKH VHFW KDG D GHFLGHGO\ Â³RUWKRGR[Â´ +LQGX DSSHDUDQFH

1LVKNDODN $WKDUYD 9HGD *LQDQ ZKLFK LV ZKDW 6DWSDQWKLV IROORZ

3DJH RI ZZZ UHDOSDWLGDU FRP PDLO#UHDOSDWLGDU FRP

7UXWK EHKLQG +LQGXLVDWLRQ RI 6DWSDQWK 6HULHV

,PDP 6KDK DFFRUGLQJ WR .DUVDQ 'DV ZDV Â³D 6XIL VDLQWÂ´ D GHILQLWLRQ ZKLFK DOVR RFFXUV RFFDVLRQDOO\ LQ WKH RIILFLDO OLWHUDWXUH RI WKH 3DWHOV :KHQ ZH DVNHG Â³ZKDW GR \RX PHDQ E\ ZZZ UHDOSDWLGDU FRP PDLO#UHDOSDWLGDU FRP 6XILÂ´" DQG ZLWK WKH GLP KRSH WKDW KH ZRXOG DIWHU DOO DFNQRZOHGJH VRPH VRUW RI ,VODPLF 6XILÂ´" D FRQQHFWLRQ WKH $FKDU\D UHMRLQHG Â³D 6XIL OLNH .DELU 1DQDN WKH QLQH 1DWK \RJLV Â´ +RZHYHU RULJLQDO WKLV GHILQLWLRQ RI 6XILVP VRXQGHG WR XV ZKR KDG DOZD\V QDLYHO\ EHOLHYHG WKDW 6XILVP ZDV WKH Â³P\VWLFDO GLPHQVLRQÂ´ RI 6XQQL DQG WR D OHVVHU H[WHQW RI 6KLD ,VODP

ZH KDG WR DFFHSW LW DV RQH RI WKH PDMRU PRYHV RI WKH LQYLVLEOH FKHVV JDPH RQH ZKLFK 6DWSDQWKLV EHOLHYH ,PDP HQDEOHG WKH +LQGX VLGH WR UHFRQVWUXFW KLVWRU\ 7KH .DND WKHQ FRQWLQXHG Â³6XILVP PHDQV 6KDK LV DYWDDU RI %UDKPD EURWKHUKRRG DEVHQFH RI DQ\ GLVFULPLQDWLRQ FDOO WKHVH 6XILF LGHDV RU 9HGLF LGHDV WKLV LV DOO FRLQFLGLQJ 1L]DUL ,VPDOL SDWWHUQ RI +,1'8LVLQJ WKH VDPH Â´ +RZHYHU WR RXU JUHDW UHOLHI KH VSRQWDQHRXVO\ DGPLWWHG WKDW ,PDP 6KDKÂ´V IDWKHU ZDV +DVDQ .DELUXGGLQ IURP 0XOWDQ DQRWKHU 0XVOLP QDPH DQG WKDW KH KDG PDUULHG /2&$/LVQJ )DWLPD WKH GDXJKWHU RI D 6XIL VDLQW EXW DGGHG DV LI KH ZLVKHG WR XQGHUSOD\ WKHVH ZHOO NQRZQ KLVWRULFDO IDFWV WKDW WKH VDLQW ZDV WR EH YLHZHG DV DQ DYDWDU RI WKH JRG %UDKPD DQ LGHD ZKLFK ZH NQHZ SHUIHFWO\ FRLQFLGHG ZLWK WKH 1L]DUL ,VPDLOL Â³SDWWHUQV RI WUDQVIRUPDWLRQÂ´ HTXDWLQJ WKH ,PDP ZLWK 9LVKQX DQG KLV UHSUHVHQWDWLYHV WKH 3LUV ZLWK %UDKPD 7KH $FKDU\DÂ´V GLVFRXUVH ZDV DIWHU DOO UHDVVXULQJ ,PDP 6KDK KDG KDG DPRQJ KLV GLVFLSOHV QRW RQO\ +LQGXV VXFK DV %KDEKD 5DP .LNL %DL 1D\D .DND EXW DOVR WKH 3HUVLDQ +D]DU %HJ WKH VKULQH ZDV UHIHUUHG WR E\ +LQGXV DV VDPDGKL RU PDQGLU E\ 0XVOLPV DV UDX]D RU GDUJDK WKH *XUX FRXOG EH HTXDOO\ FDOOHG 3LU RU %DZD 7KH PDLQ PDQWUD RI WKH VHFW ZDV Â³2P 1LVNDODQNL 1DUDQD\D QDPDKDÂ´ EXW FRQFOXGHG .DUVDQ 'DV LW ZDV DOVR &KDQJHV PDGH LQWR WKH 6DWSDQWKL /LWHUDWXUH SRVVLEOH WR XVH WKH ZRUGV Â³3LU 6KDKÂ´ DV ZH ERWK VLOHQWO\ UHPHPEHUHG LQ WKH 1L]DUL WUDGLWLRQ DQG HYHQ WR UHFLWH WKH .DOPD *UDWLILHG E\ WKHVH UHYHODWLRQV ZH VWDUWHG WR WKLQN WKDW DIWHU DOO WKH FKLHI DFFXVDWLRQV OHYLHG E\ WKH 6D\\LGV IURP DFURVV WKH 3LUDQD FKHVVERDUG ZHUH D OLWWOH WRR IDU IHWFKHG WKH .DND ZDV QRW DW DOO DSSHDULQJ DV D IXQGDPHQWDOLVW D ILHUFH H[SRQHQW RI +LQGXWYD 'XULQJ WKH IROORZLQJ GD\V KRZHYHU ZH VWDUWHG WR UHDG WKH Â³RIILFLDOÂ´ 6DWSDQWKL OLWHUDWXUH VROG DW 3LUDQD ,W ZDV DPD]LQJO\ GLIIHUHQW IURP ZKDW WKH .DND KDG WROG XV H[FHSW WKH QDPH RI ,PDP 6KDK KLPVHOI DQG WKH DGMHFWLYH Â³6XILÂ´ EXW DJDLQ LQ WKH VHQVH XVHG E\ WKH $FKDU\D

,VODPLF FKDUDFWHUV DQG HOHPHQWV ZHUH WRWDOO\ DEVHQW ,PDP 6KDK KDG EHFRPH Â³6DWJXUX 6UL ,PDP 6KDK 0DKDUDMÂ´ SRUWUD\HG LQ WKH SLFWXUHV DYDLODEOH DW WKH ERRNVKRS DV D VDLQW ZLWK D ORQJ EODFN EHDUG KROGLQJ D URVDU\ LQ ELV ULJKW EDQG DQG GLVSOD\LQJ WKH VDPH UHG WLODN ZKLFK GHFRUDWHG WKH IRUHKHDG RI .DUVDQ 'DV DOVR 0DKDUDM +LV DQFHVWRUV DQG HYHQ KLV IDWKHU ZHUH PHQWLRQHG QRZKHUH DV LI KH KDG GLUHFWO\ IDOOHQ IURP +HDYHQ 7KHUH ZDV QRW HYHQ WKH VOLJKWHVW DOOXVLRQ WR WKH H[LVWHQFH RI 6D\\LGV RU RWKHU 0XVOLP GLVFLSOHV :H KDG EHHQ WROG E\ WKH 3DWHOV WR LJQRUH DOO WKH RWKHU ERRNV ZKLFK ZHUH QRW VROG KHUH 7KDQNV WR WKLV SUHFLRXV DGYLFH ZH KDG OHDUQHG RI WKH H[LVWHQFH RI ULYDO SXEOLFDWLRQV $V ZH VRRQ FDPH WR NQRZ WKH 6D\\LGV KDG WKHLU RZQ ERRNV WHOOLQJ WKH VDPH VWRULHV LQ WKHLU RZQ ZD\ DQG WR PDNH PDWWHUV ZRUVH ZH OHDUQHG RI WKH H[LVWHQFH RI D VHFUHW ORFNHG FKDPEHU DW VHFUHW ORFNHG FKDPEHU 3LUDQD VKHOWHULQJ KHDSV RI GXVW\ ERRNV DQG PDQXVFULSWV FRQWDLQLQJ D WKLUG YHUVLRQ RI WKH J S VDPH VWRU\ WKH ROGHVW RQH 7KH NH\ WR WKLV Â³DUFKLYHÂ´ ZDV FDUHIXOO\ NHSW E\ D WKLUG SDUW\ ROGHVW RQH \ S \ S \ ZKR SUHVLGHG LQYLVLEOH RYHU WKLV VLOHQW JDPH RI FKHVV WKH PDQ ZKR FODLPHG WR EH WKH S J WKH PDQ ZKR FODLPHG WR EH WKH OHJLWLPDWH VDMMDGD QLVKwQ WKH SK\VLFDO DQG VSLULWXDO KHLU RI ,PDP 6KDK DOWKRXJK KH ZDV QRW OHJLWLPDWH VDMMDGD QLVKwQ WKH SK\VLFDO DQG VSLULWXDO KHLU RI ,PDP 6KDK UHFRJQLVHG DV VXFK E\ DOO 6DWSDQWKL IROORZHUV ZKHWKHU +LQGXV RU 6D\\LGV +RZHYHU ZH KDG WR PHHW KLP WR WU\ WR KDUPRQLVH WKH GLVWXUELQJ FDFRSKRQ\ RI DOO WKHVH FRQIOLFWLQJ YRLFHV

7KH 2/'(67 YHUVLRQ RI 6DWSDQWKL /LWHUDWXUH LV OHSW LQ 6(&5(7 /2&.(' &+$0%(5

.H\ WR VHFUHW FKDPEHU LV ZLWK +(,5 RI ,PDP 6KDK

3UHYLRXV _ 7DEOH RI &RQWHQWV _ 1H[W !!

3DJH RI ZZZ UHDOSDWLGDU FRP PDLO#UHDOSDWLGDU FRP

7UXWK EHKLQG +LQGXLVDWLRQ RI 6DWSDQWK 6HULHV

)HDU RI +LQGX PDGH DG ZZZ UHDOSDWLGDU FRP PDLO#UHD DOSDWLGDU FFRP 6DWSDQWKL WR IROORZ 7DTL\\D

)DFLQJ WKH 6DIIURQ %ULJDGH +LQGXV 5HLQ YHQW 7DTL\\D IRU KHLU RZQ 3XUSRVH

5HPHPEHU 7DTL\\D DOORZV PXVOLPV WR ORRN DQG SUHWHQG OLNH +LQGXV LQ SXEOLF OLIH EXW LQ SULYDWH OLIH WKH\ IROORZ ,VODP

6KRXOG WKH DOOLDQFH VWUXFN E\ .DUVDQ .DND ZLWK WKH 6DQJK 3DULYDU DQG KLV DFWLYH PHPEHUVKLS LQ WKH 9+3 EH VHULRXVO\ FRQVLGHUHG DV D PRGHP IRUP RI WDTL\\D" 2QH EDV WR UHPHPEHU RQO\ WKH OHJHQGDU\ ,VPDLOL 3LI6 RI +LQGXVWDQ FRQFHDOLQJ WKHPVHOYHV XQGHU WKH JXLVH RI <RJLV VRPH RI WKHP PD\ KDYH HYHQ EHFRPH PHPEHUV RI WKH 1DWK VHFW RU 6XILV LQ WKH ODWWHU FDVH HYHQ WDNLQJ IRUPDO LQLWLDWLRQ LQWR VRPH Â³RUWKRGR[Â´ WDUwTD WR VHH WKDW WKLV PD\ QRW EH VR DEVXUG DV LW VHHPV

8QGHU 7DTTL\D VHH ZKDW FDQ EH GRQH WR ORRN OLNH +,1'86

:KDWHYHU WKH WUXWK RQH FDQQRW GHQ\ WKDW WKH Â³6DIIURQ %ULJDGHÂ´ RQ LWV VLGH KDV VHW IRU LWVHOI YHU\ FOHDU JRDOV +DYLQJ SURGXFHG DQRWKHU YHUVLRQ RI WKH HDUOLHU $U\DVDPDML VXGGKw WKH GKDUP SDULYDWUDQ LW FRQWLQXHV WR IXQFWLRQ DV D Â³IDFWRU\ IRU FRQYHUVLRQV RI YDULRXV FRPPXQLWLHV WR WKHLU IRUP RI +LQGXLVPÂ´ $FFRUGLQJ WR WKH SURWHVWLQJ 6D\\LG 3DUW\ WKH HYHQWV ZKLFK ORRN SODFH DW $\RGK\D RQ 'HFHPEHU ZHUH OLNH D VWDUWLQJ VLJQDO IRU WKH +LQGX KDUGOLQHUV WKH\ ZRXOG QRW RU FRXOG QRW DIWHU WKH GHVWUXFWLRQ RI WKH %DEUL 0DVMLG

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Â³D QXPEHU RI GRXEWV FRQFHUQLQJ WKH VHFW ZHUH FOHDUHG XSÂ´ DQG WKH 6DWSDQWK WUDGLWLRQ ZDV GHFODUHG WR EH RQH RI WKH PDQ\ Â³9HGLF VDPSUDGD\DVÂ´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

3DJH RI ZZZ UHDOSDWLGDU FRP PDLO#UHDOSDWLGDU FRP

7UXWK EHKLQG +LQGXLVDWLRQ RI 6DWSDQWK 6HULHV

UHYLVHG YHUVLRQV RI WKH 6DWSDQWKL OLWHUDWXUH HWF $FWX $FWXDOO\ LW LV SRVVLEOH WR YLHZ WKH ZKROH LVVXH LQ PRUH WKDQ RQH OLJKW WKH 9+3 DQG LWVPDLO#UHDOSDWLGDU FRP VXSSRUWHUV PD\ WKLQN WKDW WKH\ KDYH GUDZQ EDFN WKRVH Â³V\QFUHWLF +LQGXVÂ´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Â³LQYHUWHGÂ´ FDVH RI WDTL\\D KDV EHHQ LQVSLUHG E\ WKH RULJLQDO WUDGLWLRQ RI ,VPDLOL WDTL\\D 8OWLPDWHO\ LW LV GLIILFXOW WR GHFLGH ZKR DPRQJ WKH Â³+LQGXÂ´ 6DWSDQWKL IROORZHUV ZKR KDYH MRLQHG WKH UDQNV RI WKH 9+3 VLQFHUHO\ SHUIRUPV WKH ,VPDLOL WDTL\\D DV D IDLWKIXO GHIHQGHU RI WKH ,PDPVKDKL VHFW 6RPH Â³+LQGXÂ´ PHPEHUV RI WKH VHFW FODLP WR KDYH RQ WKH FRQWUDU\ DOZD\V FRQFHDOHG WKHLU LGHQWLW\ WR VDYH +LQGXLVP IURP WKH PDOWUHDWPHQW RI HDUOLHU 0XVOLP UXOHUV $FWXDOO\ WKH \RXQJHU JHQHUDWLRQV PD\ QRW EH DZDUH RI WKHLU LVODPLF URRWV DQG RI WKH PHDQLQJ RI WDTL\\D 3UHYLRXV _ 7DEOH RI &RQWHQWV _ 1H[W !!

3DJH RI ZZZ UHDOSDWLGDU FRP PDLO#UHDOSDWLGDU FRP

7UXWK EHKLQG +LQGXLVDWLRQ RI 6DWSDQWK 6HULHV

ZZZ UHDOSDWLGDU FRP PDLO#UHDOSDWLGDU FRP

$ 9LVLW WR 3LUDQD

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Â³ZD\ WR WKH VDPDGKLÂ´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Â¶V DWWHQWLRQ RQ WKH RSHQ FRXUW \DUG D IHZ PRUH GHWDLOV EHFRPH FRQVSLFXRXV WKH +LQGX V\OODEOH 2P LV SDLQWHG DW YDULRXV SODFHV RQ WKH ZDOOV ZKLFK GR QRW KRZHYHU VKHOWHU DQ\ WHPSOH EXW D IHZ PRUH WRPEV DQG D ELJ PRVTXH 2EYLRXVO\ WKH YLVLWRU LV FRQIURQWHG ZLWK RQH RI WKH VRFDOOHG Â³V\QFUHWLVWLFÂ´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Â³VSRQWDQHRXVÂ´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Â³IHG XS ZLWK WKH ,VODPLF ULJLGLWLHVÂ´ FUHDWHG D VHFW ZKHUH HOHPHQWV GUDZQ IURP YDULRXV +LQGX WUDGLWLRQV ZHUH DVVRFLDWHG WR 6XIL ,VODPLF EHOLHIV DQG SUDFWLFHV $FFRUGLQJ WR WKLV YHUVLRQ WKH QHZ RUGHU UHIHUUHG WR DV 6DWSDQWK OLWW Â³7UXH SDWKÂ´ DGPLWWHG DPRQJ LWV PHPEHUV +LQGXV DV ZHOO DV 0XVOLPV ZLWKRXW GHPDQGLQJ FRQYHUVLRQ 7KHUHIRUH +LQGX 6DWSDQWKLV ZKR ZHUH E\ IDU WKH PRUH QXPHURXV ZRXOG KDYH UHWDLQHG WKURXJK WKH FHQWXULHV WKHLU UHOLJLRXV DQG FDVWH LGHQWLWLHV ZKLOH 0XVOLPV DOVR

3DJH RI ZZZ UHDOSDWLGDU FRP PDLO#UHDOSDWLGDU FRP

7UXWK EHKLQG +LQGXLVDWLRQ RI 6DWSDQWK 6HULHV

FRQWLQXHG WR IROORZ WKHLU SUHYLRXV FXVWRPV 2I FR 2I FRXUVH VXFK D QDwYH SRLQW RI YLHZ FRPPRQ WR VR PDQ\ DQFLHQW DQG PRGHUQ ZZZ UHDOSDWLGDU FRP PDLO#UHDOSDWLGDU FRP KDJLRJUDSKLHV OHDYHV RQH HVVHQWLDO TXHVWLRQ XQDQVZHUHG ZKDW GRHV RQH XQGHUVWDQG E\ Â³FRQYHUVLRQÂ´ DQG Â³UHOLJLRXV LGHQWLWLHVÂ´" 8QGRXEWHGO\ WKH SDVW GHFDGHV KDYH VKRZQ KRZ FUXFLDO WKLV SDUWLFXODU TXHVWLRQ FDQ EH WKH UHFHQW GHYHORSPHQWV DW 3LUDQD H[HPSOLI\LQJ LWV LPSRUWDQFH IRU WKH VXEMHFW ZKLFK RFFXSLHV XV

+RZHYHU ZLWKRXW D SURSHU NQRZOHGJH RI WKH KLVWRULFDO FRQWH[W WRWDOO\ LJQRUHG E\ WKH PHGLD DV ZHOO DV E\ WKH Â³RIILFLDOÂ´ SXEOLFDWLRQV FXUUHQWO\ DYDLODEOH DW WKH 3LUDQD VKULQH LW LV QRW SRVVLEOH WR JUDVS WKH LVVXH LQ DOO LWV FRPSOH[LW\ QRU WR VHH DOO LWV LPSOLFDWLRQV 3UHYLRXV _ 7DEOH RI &RQWHQWV _ 1H[W !!

3DJH RI ZZZ UHDOSDWLGDU FRP PDLO#UHDOSDWLGDU FRP

7UXWK EHKLQG +LQGXLVDWLRQ RI 6DWSDQWK 6HULHV

ZZZ UHDOSDWLGDU FRP PDLO#UHDOSDWLGDU FR RP

$ &ULVLV RI ,GHQWLWLHV \HDU ROG ERRN DOVR DFNQRZOHGJHV WKH OLQN EHWZHHQ 6DWSDQWK DQG 1L]DUL ,VPDLOLVP

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Â´V DERYH PHQWLRQHG DUWLFOH ,W ZLOO VXIILFH KHUH WR PHQWLRQ LWV SULQFLSDO SKDVHV DQG LWV PRVW VDOLHQW IHDWXUHV ,PDP 6KDK ZDV WKH VRQ RI +DVDQ .DELUXGGLQ G RQH RI WKH PDLQ 3LUV RU ORFDO OHDGHUV RI WKH 1L]DUL PLVVLRQ WKH FHQWUH RI ZKLFK ZDV ORFDWHG DW 8FFK 0XOWDQ LQ SUHVHQW 3DNLVWDQ ,W LV VDLG WKDW DW KLV IDWKHUÂ´ V GHDWK KH IDLOHG WR ZLQ WKH ,PDPÂ´ V QRPLQDWLRQ RU WKH VXSSRUW RI WKH .KRMDV RI 6LQG DQG ZHQW HDVW WR .DFKFKK DQG *XMDUDW ZKHUH KH VXFFHHGHG LQ FRQYHUWLQJ PDQ\ +LQGXV IURP WKH .XQEL SHDVDQW FDVWH +H HYHQWXDOO\ HVWDEOLVKHG KLV KHDG TXDUWHUV DW 3LUDQD QHDU $KPHGDEDG ZKHUH KH ZDV EXULHG

0DQ\ .81%, +,1'8 )DUPHUV ZHUH FRQYHUWHG WR ,6/$0 E\ ,PDP 6KDK

2QH WUDGLWLRQ KDV LW WKDW KLV VRQ 6D\\LG 1DU 0XKDPPDG 6KDK G GHFODUHG WKDW ,PDP 6KDK ZDV QRW PHUHO\ D 3LU EXW WKH UHDO ,PDP RI WKH WLPH +LV EUHDNDZD\ ZRXOG KDYH OHG WR WKH HPHUJHQFH RI WKH ,PDPVKDKLV RI *XMDUDW DQG .KDQGHVK DV D GLVWLQFW JURXS VHSDUDWH IURP WKH .KRMDV DQG WKH WHUP 6DWSDQWKL RU Â³IROORZHUV RI WKH WUXH SDWKÂ´ XVHG LQ WKH JLQDQV WR GHVFULEH DOO ,VPDLOLV FDPH WR EH SDUWLFXODUO\ UHVHUYHG IRU WKH ,PDPVKDKLV 7KH VXEVHTXHQW KLVWRU\ RI WKH VHFW LV FRPSOLFDWHG E\ LQQHU VFKLVPV ZKLFK OHG WR WKH IRUPDWLRQ RI WKUHH RWKHU EUDQFKHV UHVSHFWLYHO\ NQRZQ DV $WKLDV 6DWLDV DQG 3DQFKLDV 1RW WR PHQWLRQ WKH DWWHPSWV RI WKH YDULRXV UXOHUV RI *XMDUDW DQG WKH PXJKDO JRYHUQRUV WR Â³,VODPLVHÂ´ WKHVH JURXSV ZKLFK KDG RIWHQ IUDJPHQWHG WKH FRPPXQLW\ $V UHVXOW D VHSDUDWH PRVTXH ZDV FUHDWHG ZLWKLQ WKH FRPSOH[ WR DFFRPPRGDWH FKDQJHV WR 6XQQL DQG 6KLD IROORZHUV ,W LV IXUWKHU EHOLHYHG WKDW GXULQJ WKH HLJKWHHQWK DQG PD\EH WKH QLQHWHHQWK FHQWXU\ WKH WZR JURXSV DWWHPSWHG WR ZLQ IROORZHUV IURP HDFK RWKHUÂ¶V FRPPXQLWLHV 7KH ,PDPVKDKLV KDYH WKHLU FHQWUH DW 3LUDQD DV KDV EHHQ VDLG DERYH DQG WKHLU RZQ YHUVLRQV RI WKH JLQDQV 0RUH WKDQ KDOI D FHQWXU\ KDYLQJ HODSVHG VLQFH ,YDQRZÂ¶V VWXG\ LW ZLOO EH LQWHUHVWLQJ WR FRPSDUH KLV YDOXDEOH GDWD ZLWK RXU SUHOLPLQDU\ UHVHDUFK )RU LQVWDQFH DFFRUGLQJ WR KLV LQTXLULHV ,PDPVKDKLV GR QRW DFNQRZOHGJH DQ\ KLVWRULFDO FRQQHFWLRQ ZLWK WKH 1L]DUL ,VPDLOLV (DFK EUDQFK DWWULEXWHV D GLIIHUHQW RULJLQ WR WKH IRXQGHU 3LUV IRU H[DPSOH WKRVH

3DJH RI ZZZ UHDOSDWLGDU FRP PDLO#UHDOSDWLGDU FRP

7UXWK EHKLQG +LQGXLVDWLRQ RI 6DWSDQWK 6HULHV

ZKR DSSHDU QRZ ZLWK D ,WKQD $VKDUL 6KLD LGHQWLW\ ZLOO OLQN WKH 3LUV ZLWK D 7ZHOYHU 6KLD ,PDP 7KH VDPH DXWKRU DOVR DOOXGHV WR WKH IDFW WKDW Â³PDQ\ +LQGX ERGLHV DUH PDNLQJ ZZZ UHDOSDWLGDU FRP PDLO#UHDOSDWLGDU FRP HIIRUWV WR UHFRQYHUW WKH 6DWSDQWKLV WR +LQGXLVPÂ´ +RZHYHU DPRQJ WKHVH KH PHQWLRQV HIIRUWV W RQO\ WKH $U\D 6DPDM %HIRUH JRLQJ IXUWKHU LW ZLOO EH QHFHVVDU\ WR VSHFLI\ KHUH WKDW DW WKH WLPH RI ,YDQRZÂ´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Â³+LQGX ERGLHVÂ´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w SURJUDPPH DPRQJ YDULRXV RWKHU JURXSV ZLWK Â³OLPLQDOÂ´ LGHQWLWLHV ,W LV FOHDU WKDW IURP WKH ODVW GHFDGHV RI WKH QLQHWHHQWK FHQWXU\ RQZDUGV GHILQLQJ RU UHGHILQLQJ RQHÂ¶V LGHQWLW\ DV D JURXS ZLWKLQ WKH ,QGLDQ VRFLHW\ KDG EHFRPH D FUXFLDO LVVXH ZKHUH HFRQRPLFDO DQG SROLWLFDO IDFWRUV SOD\HG D PXFK PRUH LPSRUWDQW UROH WKDQ UHOLJLRXV FRQVLGHUDWLRQV 4XHVWLRQV ZKLFK KDG QHYHU EHHQ UDLVHG LQ WKH SDVW JUHZ PRUH DQG PRUH VLJQLILFDQW DQG Â³V\QFUHWLFÂ´ RU Â³FRPSRVLWHÂ´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

3DJH RI ZZZ UHDOSDWLGDU FRP PDLO#UHDOSDWLGDU FRP

7UXWK EHKLQG +LQGXLVDWLRQ RI 6DWSDQWK 6HULHV

ZZZ UHDOSDWLGDU FRP PDLO#UHDOSDWLGDU FFRP

7KH ,QYLVLEOH 3LU D &RQWHPSRUDU\ &DVH RI 7DTL\\D

,Q WKH HQG ZKHQ WKH FORXGV RI LJQRUDQFH ZHUH GLVSHUVHG ZH VDZ FOHDUO\ WKDW DV LQ PDQ\ RWKHU FDVHV WKH 3LUDQD GLVSXWH ZDV QRW H[DFWO\ D +LQGX YHUVXV 0XVOLP FRQIOLFW $FFRUGLQJ WR WKH +LQGX QDWLRQDOLVW UHFRQVWUXFWLRQ RI ,QGLDQ +LVWRU\ FXULRXVO\ LQLWLDWHG E\ WKH %ULWLVK DXWKRU -DPHV 7RG 0DKDUDQD 3UDWDS WKH +LQGX UXOHU RI 0HZDU SUHVHQW 5DMDVWKDQ ZDV ILJKWLQJ D EDWWOH DJDLQVW WKH 0XJKDO HPSHURU $NEDU IRU WKH OLEHUDWLRQ RI WKH +LQGX 1DWLRQ IURP WKH W\UDQQ\ RI 0XVOLP UXOH O $OWKRXJK WKLV YHUVLRQ LV VWLOO XQIRUWXQDWHO\ WKH PRVW SRSXODU WKH IDFWV DV UHFRUGHG E\ QRQ VHFWDULDQ KLVWRULDQV DUH VRPHZKDW GLIIHUHQW RQ RQH VLGH ZH KDYH WKH UHEHOOLRXV 3UDWDS KHOSHG E\ DQ DUP\ RI HTXDOO\ UHEHOOLRXV 0XVOLP 3DWKDQV $IJKDQV RQ WKH RWKHU WKH DPELWLRXV +LQGX 5DMD RI $PEHU VHQW E\ WKH QRQH OHVV DPELWLRXV $NEDU ,QVWHDG RI WKH VXSSRVHGO\ HWHUQDO +LQGX 0XVOLP HQPLW\ ZH KDYH WKXV D EDWWOH IRU WHUULWRU\ DQG SRZHU EHWZHHQ WZR FRDOLWLRQV ZKRVH UHOLJLRXV LGHQWLW\ LV RI OLWWOH FRQFHUQ 6RPHZKDW VLPLODUO\ WKH IROORZLQJ IDFWV ZHUH JUDGXDOO\ UHYHDOHG WR XV DIWHU D IHZ PHHWLQJV ZLWK WKH DERYH PHQWLRQHG Â³WKLUG SRZHUÂ´ WKHUH ZHUH 0XVOLP 6D\\LGV VLGLQJ ZLWK WKH +LQGX 3DWHOV DQG WKHLU HOHFWHG .DND DQG +LQGX 3DWHOV VXSSRUWLQJ WKH SURWHVWLQJ 6D\\LGV 6R LW ZDV QRW D JDPH RSSRVLQJ WKH Â³ZKLWHÂ´ 3DWHOV WR WKH Â³EODFNÂ´ 6D\\LGV ,I ZH KDG QRW NQRZQ HDUOLHU RI WKH H[LVWHQFH RI WKH Â³LQYLVLEOH *XUXÂ´ ZH ZRXOG SUREDEO\ QHYHU KDG PHW KLP DV QHLWKHU WKH 3DWHOV QRU WKH .DND DQG QRW HYHQ WKH 6D\\LGV KDG PDGH WKH VOLJKWHVW DOOXVLRQV WR KLP +LV SKRWRJUDSK GLG QRW DSSHDU DQ\ZKHUH FRQWUDU\ WR WKH XELTXLWRXV SLFWXUH RI WKH +LQGX $FKDU\D DQG WKHUH ZDV QR WUDFH RI KLV H[LVWHQFH HLWKHU LQ WKH QHZ Â³RIILFLDOÂ´ OLWHUDWXUH 7KH 6D\\LGV KDG ILQDOO\ DFNQRZOHGJHG KLV H[LVWHQFH ZKHQ J DQVZHULQJ UDWKHU UHOXFWDQWO\ RXU TXHVWLRQ Â³DQG ZKDW DERXW 3LU]DGD 6KDPVXGGLQ WKH KHLU J \ T 3LU]DGD 6KDPVXGGLQ WKH KHLU RI ,PDPVKDK ZKR FODLPV WR EH WKH VDMMDGD QLVKwQ " 7KH\ SUHIHUUHG QRW WR WDON DERXW KLP DV RI ,PDPVKDK ZKR FODLPV WR EH WKH VDMMDGD QLVKwQ " KH KDG WUHDFKHURXVO\ Â³SDVVHG RYHU WR WKH HQHP\Â´

+(,5 RI ,PDP VKDK

7KLV ZDV QRW DW DOO VXUSULVLQJ LI RQH NQHZ DV ZH ODWHU GLVFRYHUHG WKDW WKH LJQRUHG 3LU]DGD KDG VXSSRUWHG .DUVDQ 'DV WKH SUHVHQW .DND GXULQJ WKH HOHFWLRQ WR WKH JDGGw ZKLOH WKH RSSRVLQJ 6D\\LGV ZKR KDG SURSRVHG DQRWKHU PDQ 3DFKDQ .DND DV WKHLU FDQGLGDWH KDG EHHQ GHIHDWHG 6R DIWHU D,O LI .DUVDQ 'DV KDG EHKLQG KLP DQ LQYLVLEOH 6D\\LG WKH UHEHOOLRXV 2IILFH RI 3LU]DGD +(,5 RI 6D\\\LGV KDG WKHLU KLGGHQ .DND ,PDP 6KDK 7KH 3LU]DGDÂ¶V DGGUHVV DQG SKRQH QXPEHUV KDG EHHQ VXSSOLHG WR RQH RI XV E\ RQH ,VPDLOL LQIRUPDQW :H FDOOHG VWDUWHG WR WDON LQ +LQGL DQG ZHUH DQVZHUHG LQ IODZOHVV (QJOLVK \RX J \ FDQ FRPH WRPRUURZ DW RQH RÂ¶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

3DJH RI ZZZ UHDOSDWLGDU FRP PDLO#UHDOSDWLGDU FRP

7UXWK EHKLQG +LQGXLVDWLRQ RI 6DWSDQWK 6HULHV

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w FRXOG ZLQ RQO\ WKDQNV WR P\ SRZHU EXW KLV PDLQ ULYDO 3DFKDQ .DND DQG WKH 6D\\LG SDUW\ ZKR VXSSRUWHG KLP FRXOG QRW DFFHSW WKHLU GHIHDW DQG VWDUWHG WR FUHDWH WURXEOH 7KH SURWHVW RI WKHVH 6D\\LGV LV QRW GLFWDWHG E\ UHOLJLRXV EXW SROLWLFDO FRQVLGHUDWLRQV ZKDW WKH\ ZDQW XOWLPDWHO\ LV VLPSO\ WR RYHUWKURZ .DUVDQ DQG UHSODFH KLP E\ WKHLU RZQ PDQ 3DFKDQ

.DUVDQ 'DV LV 3LU]DGD V 0DQ

+RZHYHU RXU LQIRUPDQW DGPLWWHG WKDW WKH JUHDWHVW GDQJHU ZDV FRPLQJ IURP WKH YDULRXV IXQGDPHQWDOLVW ERGLHV ZKLFK DWWHPSWHG WR GUDZ WKH PHPEHUV RI WKH VHFW LQWR WKH RUELW RI +LQGXWYD 6RPH YLOODJHUV KDG DOUHDG\ XQGHU WKHLU LQIOXHQFH VWDUWHG WR DEDQGRQ WKH Â³7UXH 3DWKÂ´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Â³KXPEOH VHUYDQWÂ´ NDND LQ 3HUVLDQ ZRXOG EH SURPRWHG WR WKH UDQN RI D UHDO $FKDU\D 0DKDUDM LQ RWKHU ZRUGV RQH RI WKH OHDGLQJ 6DQWV RI WKH 9+3 %XW QRZ WKH HQHP\ ZDV ZLWKLQ Â³, KDG WROG KLP QRW WR JR VR IDU Â´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Â³7UXH 3DWKÂ´ ZKLOH ,PDP 6KDKÂ¶V OLQH UHPDLQHG IDLWKIXO WR WKH RULJLQDO UHOLJLRXV PHVVDJH :KDW ZDV DPD]LQJ WKRXJK ZDV WKDW WKH 3LU]DGD LQVLVWHG RQ WKH IDFW WKDW KH DOVR ZDV D 6XQQL WKDW WKH WUDGLWLRQ ZDV D 6XQQL 6XIL RQH DQG WKDW WKH LQIOXHQFH RI 6KLLVP FDPH PXFK ODWHU

.DND LV PHPEHU RI 9+3 RQO\ EHFDXVH RI 7DTL\\D %HFDXVH KH IHDUHG GLVVROXWLRQ RI 6DWSDQWK

.DUVDQ 'DV LV D UHOLJLRXV WHDFKHU DQG QRW 3LU

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

3DJH RI ZZZ UHDOSDWLGDU FRP PDLO#UHDOSDWLGDU FRP

7UXWK EHKLQG +LQGXLVDWLRQ RI 6DWSDQWK 6HULHV +RZ D VDWSDQWKL JHWV FRQYHUWHG LQWR ,VODP

Â³0RVW RI P\ +LQGX PXUwGVÂ´ VDLG 6KDPVXGGLQ DV LI KH ZLVKHG WR DFFRXQW LQ DQRWKHU ZD\ IRU WKH SXEOLFDWLRQ RI UHYLVHG ZZZ UHDOSDWLGDU FRP PDLO#UHDOSDWLGDU FFRP YHUVLRQV RI WKH IRUPHU OLWHUDWXUH H[SXUJDWHG IURP 0XVOLP HOHPHQWV Â³GR QRW UHDG WH[WV ZLWK ,VODPLF FRQWHQWV WKH\ ZRXOG QRW XQGHUVWDQG %XW WKRVH ZKR ORQJ IRU WKH WUXH VSLULWXDO NQRZOHGJH FDQ KDYH DFFHVV WR WKHVH WKLQJV ILUVW WKURXJK D ,Q 6DWSDQWK WKH ILQDO VSLULWXDO URXWH WR PXNKL DQ LPSRUWDQW IXQFWLRQDU\ RI WKH VHFW DW WKH ORFDO OHYHO *RG JRHV WKURXJK WKH RQH ZKR DOVR OHDGV WKH JKDW SkW ULWXDO WKHQ WKURXJK ,VODP RQO\ WKUX .DUVDQ 'DV DQG HYHQWXDOO\ IRU WKH ILQDO DQG WRWDO LQLWLDWLRQ 3LU]DGD WKH\ KDYH WR FRPH WR PH RQO\ Â´ 62 WKHUH ZHUH YDULRXV VWDJHV RI LQLWLDWLRQ IURP WKH EDVLF ULWXDO WKURXJK ZKLFK HDFK 6DWSDQWKL FKLOG ZDV LQWHJUDWHG LQWR KLV FRPPXQLW\ WR WKHVH PRUH HVRWHULF SKDVHV ZKLFK HQDEOHG KLP WR REWDLQ WKH Â³XOWLPDWHÂ´ NQRZOHGJH %XW HYHQ WKH PXULG ZKR KDG JRQH VXFFHVVIXOO\ WKURXJK WKHVH VWDJHV NHSW ELV HDUOLHU DSSHDUDQFH KLV FXVWRPV KLV +LQGX QDPH HWF 7KHVH ZRUGV DV ZH DOPRVW LPPHGLDWHO\ UHDOL]HG ZHUH RI H[FHSWLRQDO LPSRUWDQFH LQ IDFW LW DPRXQWHG WR DFNQRZOHGJLQJ WKH IDFW WKDW WKHVH +LQGX PXULGV ZHUH *XSWLV D WHUP ZKLFK KDG EHHQ XVHG E\ WKH 6D\\LGV DV ZHOO +RZHYHU LW PXVW EH VWUHVVHG WKDW 6KDPVXGGLQ GHQLHG WKDW WKH SURFHVV FRXOG EH FDOOHG Â³FRQYHUVLRQÂ´ HPEUDFLQJ WKH 6DWSDQWK DQG DFFHGLQJ WR LWV XOWLPDWH UHYHODWLRQ GLG QRW DPRXQW WR EHLQJ Â³FRQYHUWHGÂ´ 2QH UHPDLQHG +LQGX 6XQQL RU 6KLD QRQHWKHOHVV

&RQYHUWHG VDWSDQWKL UHWDLQ WKLHU KLQGX QDPH 7KH\ DUH FDOOHG *XSWL

6KDPVXGGLQ WKH Â³LQYLVLEOH 3LUÂ´ KDG GHFLGHG WR OHW WKH SOD\HUV JR RQ ZLWKRXW LQWHUIHULQJ GLUHFWO\ 6HH IRU H[DPSOH WKH IDWH RI DQ LPSRUWDQW ERRN ZULWWHQ E\ S P\ IDWKHU <DJ\D YLGKw Â³ WKH 3DWHOV RI 3LUDQD EDV LVVXHG <DJ\D YLGKw DQRWKHU H[SXUJDWHG YHUVLRQ RI LW ZKLFK WKH\ VHOO RSHQO\ DW \ WKHLU ERRNV KRS ZKLOH WKH RULJLQDO <DJ\D YLGKw ZKLFK LV QR WKH RULJLQDO <DJ\D YLGKw J PRUH GLVWULEXWHG LV ZLWK PH RQO\ 1RZ WKH ULYDO 6D\\LG LV ZLWK PH RQO\ SDUW\ WKH VXSSRUWHUV RI WKH GHIHDWHG 3DFKDQ .DND KDYH SXEOLVKHG WKHLU YHUVLRQ DQG UHFHQWO\ ILOHG D VXLW WKH\ DUH \ \ VKRZLQJ WKDW WKH QHZ Â³RIILFLDOÂ´ ERRN EDV GULIWHG DZD\ VR J QHZ Â³RIILFLDOÂ´ ERRN EDV GULIWHG DZD\ VR PXFK IURP WKH 6DWSDQWKL WHQHWV WKDW LW LV LQ IDFW DQRWKHU PXFK IURP WKH 6DWSDQWKL WHQHWV UHOLJLRQ ZKLFK LV UHIOHFWHG LQ LW Â³ .DUVDQ 'DV RI FRXUVH ZDV HPEDUUDVVHG VR WR SURWHFW KLPVHOI KH ZDV REOLJHG WR SURGXFH P\ IDWKHUÂ´ V YHUVLRQ DQG WR GHFODUH WKDW WKH ERRN VROG DW 3LUDQD KDG EHHQ UHOHDVHG ZLWKRXW KLV SHUPLVVLRQ 7KH RULJLQDO YHUVLRQ QR RQH FRXOG GHQ\ ZDV UHSUHVHQWLQJ WKH LGHDV RI RXU WUDGLWLRQ 7KH .DND FRXOG QR ORQJHU EH DFFXVHG RI KDYLQJ J J EHWUD\HG WKH 6DWSDQWK 6R LQ WKH ORQJ IXQ WKH ROG 6DWSDQWKL \ S 6R LQ WKH ORQJ IXQ WKH ROG 6DWSDQWKL J S WUXWKV ZKLFK KDYH EHHQ FRQFHDOHG GR VXUIDFH RQFH PRUH , KDYH DOZD\V EHOLHYHG LW ZRXOG EH VR , KDYH GHGLFDWHG P\ OLIH WR WKLV SXUSRVH

+RZ UHDO ERRNV DUH FRQFHDOHG DQG FKDQJHG

2/' 6DWSDQWKL 7UXWKV ZLOO 5H 6XUIDFH RQFH DJDLQ

3UHYLRXV _ 7DEOH RI &RQWHQWV _ 1H[W !!

3DJH RI ZZZ UHDOSDWLGDU FRP PDLO#UHDOSDWLGDU FRP

7UXWK EHKLQG +LQGXLVDWLRQ RI 6DWSDQWK 6HULHV

ZZZ UHDOSDWLGDU FRP PDLO#UHDOSDWLGDU FFRP

7KH 6DQGDO &HUHPRQ\ DW 3LUDQD 6KDULQJ D 6DFUHG 6SDFH 8UV LQ 5DP]DQ D PXVOLP WUDGLWLRQ LV IROORZHG

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Â¶V WRPE ZKLFK ZDV WKH PDLQ FHQWHU RI DWWUDFWLRQ ZH VDZ D VDIIURQ FODG VDGKX VWDQGLQJ QHDU WKH JDWH URVDU\ LQ KDQG PXUPXULQJ VRPH PDQWUDV ZKLOH D IDNLU ZHDULQJ EODFN FORWKHV DQG D EODFN WXUEDQ ZDV SHUIRUPLQJ D VLPLODU H[HUFLVH

4XUDQ LV UHDG LQ 3LUDQD

7KLV ZDV WKH VWULNLQJ UHDVVXULQJ LPDJH RI D SHDFHIXOO\ VKDUHG VSDFH (DUO\ LQ WKH DIWHUQRRQ WKH .DND KDG FRPH WR SHUIRUP FHUWDLQ ULWXDOV EHIRUH UHWXUQLQJ WR WKH ILUVW IORRU ZKHUH KH TXLHWO\ VDW RQ D FKDLU LQ IURQW RI KLV URRP ,Q WKH VDFUHG HQFORVXUH WKH ZKLWH 1DQDN 'DV 3DWHO WKH NDUEKDUw UHOLJLRXV IXQFWLRQDU\ LQ FKDUJH RI WKH VKULQH ZDV VWDQGLQJ LQ IURQW RI WKH JDWH WR WKH VDPDGKL LQ WKH JROGHQ OLJKW VKHG E\ WKH ODVW UD\V RI WKH VXQ ZKLOH WKH GDUN 1XUXGGLQ 6D\\LG RQH RI WKH OHDGHUV RI WKH 6DGDW &RPPLWWHH ZDV WKRXJKWIXOO\ SDFLQJ WKH SODWIRUP LQ WKH VKDGH EHKLQG WKH VKULQH 6WUDQJH DV LW PD\ VHHP WKH 3LU]DGD KDG QRW FRPH WR KRQRXU WKH FHUHPRQ\ +RZHYHU ZH FRXOG IHHO KLV LQYLVLEOH SUHVHQFH HYHU\ZKHUH DV ZKHQ KH KDG WROG XV GXULQJ RXU ODVW S \ J LQWHUYLHZ ]DPDQD NKDUDE KDw ZH DUH OLYLQJ LQ D GDUN DJH EXW LW ZLOO EH VRRQ WKH HQG RI ]DPDQD NKDUDE KDw ZH DUH OLYLQJ LQ D GDUN DJH EXW LW ZLOO EH VRRQ WKH HQG RI WKH .DOL <XJD DQG WKH WLPH ZLOO FKDQJH 3UHYLRXV _ 7DEOH RI &RQWHQWV

7KH PHVVDJH LV 2OG 6DWSDQWKL ERRNV SUHVHQWO\ NHSW LQ VHFUHW FKDPEHU XQGHU ORFN ZRXOG FRPH RXW 3HRSOH ZLOO QRW KDYH WR IROORZ 7$4,<<$ DQG KHQFH ZLOO 127 EH UHTXLUHG WR NHHS WKHLU +,1'8 LGHQWLWLHV DQG 127 EH UHTXLUHG WR IROORZ +,1'8 ULWXDOV 3HRSOH PLJKW RSHQO\ HPEUDFH ,6/$0 HWF

3DJH RI ZZZ UHDOSDWLGDU FRP PDLO#UHDOSDWLGDU FRP

Facts Behind Pirana's Akhand Jyot Series 3 ------------------------------------------------------------------------------------------------------------------------------------------------------------------------Gmail - Series 3 -Pirana's Akhand Jyot -$ ( " q,

https://mail.google.com/mail/?ui=2&ik=f5c6045c5e&view=pt&search...

www.realpatidar.com a

mail@realpaaatidar.com Real Patidar <realpatidar@gmail.com>

Real Patidar <realpatidar@gmail.com> Bcc: hasusenghani@gmail.com, nandu_somjiyani@mobileemail.vodafone.in

Tue, Apr 2 , 2010 at 1 : $M

IMPORTANT Please add realpatidar@gmail.com to your contact list / address book. By doing so, the emails I send will directly land in your INBOX and not get marked as "SPAM" or "JUNK" -----------------------------------------------------------------------------------------------------------------------------------------------------Hello / A , In this email, you will find the importance of the Akhand Jyot (eternal light) at Pirana, which is portrayed as Hindu symbol. * email $ '8 " q, S # R = 2(D , 9 BC S L ' * = . You will get answers to questions like / * Lr S 4s * 8 D = ; 1. What is "Noor" or "Akhand Jyoit" that has been lit by Imam Shah? c. - D t L7 " q, ("S ") R = ? 2. In order to get the "Noorani Deedar" why seeing a "True Imam" is necessary? f. "S K " 8 " u - " S D& : = ? You can find the answers in these links (OR the attached file also) ' Y - " v http://issuu.com/patidar/docs/series_3_-pirana_s_akhand_jyot_- OR/" http://issuu.com/patidar Thanks / *. Real $ / $ -----------------------------------------------------------------------------------------------------------------------------------------------------If you want to get emails in this subject to your inbox, please send a request to realpatidar@gmail.com Send me your friends' (from our community only) email ids, so that they can also start getting such emails in future. By doing so, you will help me in spreading the FACTUAL knowledge and awareness of satpanth ------------------------------------------------------------------------------------------------------------------------------------------------------

Series 3 -Pirana's Akhand Jyot -D.pdf 295K

1 of 1

27-Apr-2010 12:39 PM

www.realpatidar.com

Importance of Akhand Jyot at Pirana

mail@realpatidar.com

Xj^hRhWj 7E5P Ԍ]sSȵ 5k \eƗa You may be aware that an Akhand Jyot (eternal light) is lit by Imam Shah himself at Pirana and it has been potrayed that this is a Hindu symbol. In fact, this is a “Noor” and one get the benefit only when one does a “Noorani Deedar” and gets to see the “TRUE IMAM”. S\Wp Xj^hRh\h5 ƨThiXS 7E5P U ahWh Zh^\h5 d5[h`Ȼk5 ebp Ȑ :\h\ bhe Zhah? ̆FNhƥ]s Jp . 8 U ahWp eƛȳkBȵk5 ̆iSD S^ D° ZShah\h5 8ap Jp . 8 U ah XhJ`Wj eD DS ? Jp D° 8 U as ȵk5 Wh\ “ȵ^k ” Jp 7Wp “ȵ l^hWj UUh^” ȵk5 Y` \hN° “dƍIh :\h\” ȵk5 Ub½W KĮ^ Jp . The reference I have used is the information available on Wikipedia

.com site , which is a

most respected online encyclopedia of the world. Wikipedia.com Ȑ iaĖ[^\h5 ?D dƠ\hWWj] :ƛN^WpN encyclopedia Jp , Sp\h5 Tj \Ҫ 8 \h eSj _jVp_j Jp .

You will get answers to questions like / S\h^h 8ah ̆ĕsȵ 5k ;Ă^ 8\h5 \` bD° ?\ Jp ; 1. What is "Noor" or "Akhand Jyoit" that has been lit by Imam Shah? y. :\h\ bhe Ďh^h ̆FNhap_ 7E5P Ԍ]sS ("ȵk^") Ƀk5 Jp ? 2. In order to get the "Noorani Deedar" why seeing a "True Imam" is necessary? z. "ȵ l^hWj UUh^" \`ah \hN° "dƍIh :\h\" ȵk5 Ub½W D°\ D^ɂk5 K^s^ Jp?

Comprehensive Edition Real Patidar Emails -------------------------------------------------------------------------------------------------------------------------------------------------------------------------

Satpanth - Wikipedia, the free encyclopedia

Page 1 of 3

www w.realpatidar.com

Satpanth

mail@realpatidar.ccom a subgroup of Islam and Imam Shah is a co-founder

From Wikipedia, the free encyclopedia

Satpanth p is a subgroup g p of Nizari Ismailism and Ismaili Sufism formed byy conversions from Hinduism 700 years y ago g byy Pir Sadruddin (1290-1367) ago in the 15th century by his ( ) and 600 years y grandson Pir Imam Shah (1430-1520), the t latter of which differs slightly from the Khoja in that they reject the Aga Khan as their leader and are known more commonly as Imam-Shahi. There are villages in Gujarat which are totally 'Satpanthi' such as Pirana near Ahmedabad where Imam Shah is buried. It is also the older form of Nizari Ismaili ppractice originating g g from the Kutch communityy of Gujarat. j Pir Sadardin gave the first converts to Ismailism the name 'Satpanth' because they were the followers of the b 'True Path.' They were then given the title of Khoja to replace their title of Thakkar

Ŷ 1 The People Ŷ 1.1 Leadership Ŷ 1.2 Beliefs about the Leadership Ŷ 1.3 Origin Ŷ 1.4 Rituals

Concepts

Seven Pillars Guardianship · Prayer · Charity Fasting · Pilgrimage · Struggle Purity · Profession of Faith

Ŷ 2 Scripture Ŷ 3 References

The People

History

The people of the Satpanth consist mostly of high-caste converts from the Lohanas. Others are from Rajput, merchant, and farming castes. Some are migrants from neighbouring Indian states of Madhya Pradesh, Punjab and Rajasthan that now reside in Gujarat (mainly the Kutch and commercial areas) and Mumbai. Some communities are known to heavily continue to the practice off taqiyya, hiding any and all Islamic content of their faith. TAQIYYA is practiced

The current head of the mainstream Satpanth Nizari Ismaili community is H.H. Shah Karim Al-Husayni Aga Khan IV, while the Imam-Shahi sect rejects the idea of an Aga Khan altogether, and instead have elected committees within each settlement.

http://en.wikipedia.org/wiki/Satpanth

,VPŅ‫ޏ‬ŝOLVP

The Qur'Ɨn · The Ginans Reincarnation · Panentheism ImƗm · Pir · DƗ‘Ư l-Mu৬laq ‘Aql · Numerology · Taqiyya ĩƗhir · BƗ৬in

Contents

Leadership

Part of a series on ShƯ‘ah Islam

Shoaib · Nabi Shu'ayb Seveners · Qarmatians Fatimids · Baghdad Manifesto Hafizi · Taiyabi · Ainsarii Hassan-i Sabbah · Alamut Sinan · HashshashƯn Pir Sadardin · Satpanth Aga Khan · Jama'at Khana Early Imams Ali · ণassan · ণusain as-Sajjad · al-Baqir · aৢৡƗdiq IsmƗ‘Ưl · Muতammad Aতmad · at-TaqƯ · az-ZakƯ al-MahdƯ · al-QƗ'im · alManৢǌr al-Mu‘izz · al-‘AzƯz · alণƗkim

17-Mar-2010

Satpanth - Wikipedia, the free encyclopedia

www w.realpatidar.com

Beliefs B li about the Leadership Satpanth followers, called Mureeds believe that the physical form of the Imam is merely a vessel for the spiritual Imam which is Noor or eternal Light. They also believe that his farmans (p ) his (proclamations), ( ) and his formless being Niranjan Nirakar Swaroop are shabd (word) the real Imam. T This concept of an esoteric Imam and an exoteric Imam is called "Baatini Imam" and "Zaahiri Imam" Satpanth devotees believe in "Noorani Deedar," which is the "Vision of Light" or Enlightenment (spiritual) one gets when one views the True Imam. T This again has an esoteric and an exoteric meaning.

Origin

Page 2 of 3

mail@realpatidar.c com az-ZƗhir · al-Mustansir i · @r NizƗr al-MustaƍlƯ · al-AmƯr · alQƗৢim NIRANJAN NIRAKAR SWAROOP means Real and not any Hindu Groups Imam & leaders GOD

NizƗrƯ - Aga Khan IV DawǌdƯ - Burhanuddin SulaimanƯ - Al-Fakhri Abdullah AlavƯ - ৫ayyib ZiyƗ'u Pirana mad-DƯn balto divo no faydoBadra IMAM -ne joya pachhij Atba-i-Malak thay Amiruddin Atba-i-Malak Vakil Razzak Hebtiahs

Pir Sadruddin and his grandson Pir Imam Shah are credited with the conversion of the Khojas from the Hindu caste of the Lohanas who are located in Punjab, Rajasthan, and Gujarat. He laid the foundation of the communal organization, built the first assembly and prayer halls and appointed the community leaders "Mukhis". Khojas live chiefly in lower Sind, kutch, Gujarat, Bombay and in wide diaspora, particularly in East and South Africa, Arabia, Sri Lanka, Myanmar (Burma), Canada, the United Kingdom, Portugal, U.A.E. and the United States.

Rituals It is customary in each and every Jamaat-khana that a row of community Leaders and the Title Holders (male and female), should sit facing the rest of the congregation. There would be a row of individuals, sitting with their backs to the side wall, in the male as well as the female section. Both these sections are kept side by side in one big hall. Hence, a row of males would face and prostrate that of the females and vice versa. Looking at individuals of the opposite gender across the hall, and even the passing of objects between genders is highly discouraged if not forbidden. If an object must be passed such as utensils, the person must get up and leave it in the middle or end of the hall and it will eventually picked up by the intended recipient. The reading of Holy Dua is underaken whilst sitting on the floor on one's knees, or while sitting cross-legged as with other sects, with a Misbaha {rosary} being picked up at intervals. Any individual of any age who is fully versed in the Holy Dua can lead the prayer.

Scripture The Holy Writ of the Satpanth tradition is the collection of Ginans written by various medieval Pirs, most notably Pir Sadruddin and Pir Satgur Nur.

References Dr Aziz Esmail A Scent of Sandalwood: Indo-Ismaili Religious Lyrics, London: Curzon in association with The Institute of Ismaili Studies, 2002, pp. xi + 227. August 2002 Dr Dominique-Sila Khan Crossing the Threshold: Understanding Religious Identities in South Asia, London: I. B. Tauris in association with The Institute of Ismaili Studies, 2005, pp. 185. May 2005 Songs of Wisdom and Circles of Dance Hymns of the Satpanth Isma'ili Muslim Saint, Pir Shams Tazim R. Kassam

http://en.wikipedia.org/wiki/Satpanth

17-Mar-2010

Satpanth - Wikipedia, the free encyclopedia

www w.realpatidar.com

Retrieved from "http://en.wikipedia.org/wiki/Satpanth" R ti Categories: Sufism | Ismailism

Page 3 of 3

mail@realpatidar.ccom

Ŷ This page was last modified on 5 February 2010 at 13:49. Ŷ Text is available under the Creative Commons Attribution-ShareAlike License; additional terms may apply. See Terms of Use for details. Wikipedia® is a registered trademark of the Wikimedia Foundation, Inc., a non-profit organization.

http://en.wikipedia.org/wiki/Satpanth

17-Mar-2010

Attack on Fundamental Faiths of Hindus Series 4 -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------Gmail - Series 4 -Attack on Fundamental Faiths of Hindus / ]C b ...

https://mail.google.com/mail/?ui=2&ik=f5c6045c5e&view=pt&search...

www.realpatidar.com a

mail@realpaaatidar.com Real Patidar <realpatidar@gmail.com>

Real Patidar <realpatidar@gmail.com> Bcc: hasusenghani@gmail.com, nandu_somjiyani@mobileemail.vodafone.in

Tue, Apr 2 , 2010 at : $M

faith) were ridiculed. c. ]C b % n Â&#x153; *% , Â?Â&#x17E; , 7 ,, , 7 7 , " ? Â&#x;, 1 u= 7( * , . 2. Who are Guru Brahma, Vishnu in Kaliyug? f. 8 0 7 ^ Â? , .7 j< ( D ? 3. Atharva Veda means Kuran, the religious book of muslims. 3. , . 4. All these are just the thoughts of Pir Sadruddin without any proper basis. i. * '% $ Cy z = . - $( *% ' , . You can find this information in these links (OR the attached file also) ' Y - " v http://issuu.com/patidar/docs/budh_avataar_-attack_on_hindu_fundamentals_-d OR/" http://issuu.com /patidar Thanks / *. Real Patidar / $ -----------------------------------------------------------------------------------------------------------------------------------------------------If you want to get emails in this subject to your inbox, please send a request to realpatidar@gmail.com Send me your friends' (from our community only) email ids, so that they can also start getting such emails in future. By doing so, you will help me in spreading the FACTUAL knowledge and awareness of satpanth ------------------------------------------------------------------------------------------------------------------------------------------------------

1 of 2

27-Apr-2010 12:43 PM

www.realpatidar.com

dh Avtaar Synopsis off Budh Attack on Fundamental Faiths of Hindus

mail@realpatidar.com

written by Pir Sadruddin, founder of Satpanth and grand father of Imam Shah

k 7aSh^ d5 ëƜS ȸV eƛȳkBWh ̒ƚVhWh Ⱥ l`Wp ̉ƨN DâhWs ̆]ƗW _j. Xj^ dȳm Ć W, dƗX5TWh ƨThXD 7Wp :\h\ bheWh UhUh According to Pir Sadruddin, Budh avatar is the avatar taken by GOD and came to earth when Pandavs were performing yagna after the battle, mentioned in Mahabharata. Xj^ dȳm Ć WWp _hFp Jp D° [FahWp ȸkV 7aSh^ _: , \eh[h^SWh ȻkV XJ K]h^° Xh5PasWp ]ì D^Sh eSh, Ɨ]h^° \àh F]h. 1) Budh gave discourses with respect to what’s good and what not. But most of the things were very normal, which is known and practiced by each human being since the time known to us. 2) ȸkVp Ƀk5 dhȿk5 Jp 7Wp Ƀk5 E^hZ Jp ?ȵk5 ìhW 8XȻk5 . ? ìhW\h5 iabpc D:K WTj Ȑ \hRds 8 U Dh_Tj KWSh D° Xh`Sh WesSh. 3) In the book, Pir Sadruddin, through Budh avatar, has tried to ridicule the Vedas, Brahmins, Holy Cow, Ganga River, Temples and Idols. He also says that the burning of dead bodies is damned. Guru Brahma is considered as Prophet Muhammad and Lord Vishnu is considered as Hazrat Ali. He then says that in kaliyug the true Atharva Veda in is Kuran. In all he tried to attack the fundamentals of Hindu faith so that they can then be converted to Muslims. 4) Xj^ dȳm Ć Wp Ɨ]h^ ZhU apUs , ̈hěRs, Ft\hSh, \5 U^s, Fh5Fs, \5 U^s 7Wp ȺkîS]sWp ȱkƍJ\h5 FRhƥ]h Jp . \h]h½ XJ Zh`Wh^ \hRds 7 [bhiXS FRhƥ]h Jp

. D _ȻkF\h5 7Ta½ apU Wp

Ȣk ^hW ZShaah\h5 8ƥȻk5 Jp . Ȥkȿk ̈ěhWp \se5\U XqFƠZ^ 7Wp [FahW iaƧȰkWp e L^S 7_j (iWƧD_5D ) ZShah\h5 8ap Jp . Ȭl5D\h5 eƛȳk BWj 8ƨThWj da± aƨȱkBWp ̉ƨN D^ah\h5 8aj Jp . 5) Since the mission of Pir Sadruddin was to convert Hindus to Muslims (See Series 1 email), this budh avatar created by Pir Sadruddin, helped him in convincing the unsuspecting poor, illiterate masses’ fantacy.

www.realpatidar.com

mail@realpatidar.com

6) eƛȳk BWp Ⱥkd_\hW\h5 aN_hahȵk5 Ȑ e°ȱ k Xj^ dȳm Ć Wȵk5 eȱk5

(Series 1 email ȩk as), Sp\Ws

^Ip_s ȸkV 7aSh^ 7ĤR, F^ Z, 7[R _sDsWp Ⱥkd_\hW ZWhah\h5 \UU Į;X TȻk.5 7) In order to accomplish his mission, he created a sequence of events, as mentioned in budh avatar; 8) Sp\Ws e°ȱ k Xh^ XĎh\h5Sp , Xj^ dȳm Ć ^Ip_ ȸkV 7aSh^\h5 GNWh˲\\h5 WҭV Xh́ aƨȱkB

WjIp ̆\hRp Jp ; a. Para

D_\ Ws {~

/ Brahmins have lost the divine aspect and it is now with Prophet Muhammad

b. Para 38 / ... c. Para 45

̈hěR Xhdp Uƥ] b ƈS WTj ^e ? eap \seƠ\U XqFƠZ^ Xhdp Jp. Tried to ridicule Vedas, by saying Vedas have become meaningless apUs Eh_j Jp ?\ De Wp apUsWp ȱkƍJ FRhaahWj Dsibb D^ Jp. Brahmins have no knowledge of Vedas ̈hěRWp apUsȵk5 ìhW WTj.

d. Para 47

In Duapar Yuga, Vedas have gone away ĎhX^ ȻkF\h5 apUs Eh_j T: F]h Jp.

e. Para 106

People who burn bodies are damned \h]h½ XJ , Ȑ _sDs \PUhBWp Zh`p Jp ? _sDs 7 [bhiXS Jp.

Para 120, 121, People who do not go to JAMATKHANA and Not pay Dasond are damned 129, 130 & Ȑ _sDs K\hSEhWh\h5 W e Ĥ] 7Wp UdsƛU W e 8Xp Sp\Wp XhX 132 _hFbp.

g. Para 230 & 6 Darshans are cancelled, suggesting Hindu Dharm is cancelled. footnote no. eƛȳk BWj ~ bhEhBWp ^Ć D^ah\h5 8aj Jp . [hahT½ ? Jp D° e ȳk V\½Ws 25 ӔS T: F]s Jp . h. Para 270

For pilgrimage go to Jamatkhana and NOT to Temples SjT½ D^ah\hN° K\hSEhWh\h5 Kas, \5 U^° Weӄ.

Para 280

Fasts will be on Friday and Prayer will be done looking at West, in Islamic Style 9ƨ_h\Wj Ȑ\ , Ƀk˲ah^Wh ;Xahd ^hEs 7Wp XiĔ\\h5 \sȯk 5 ^hEjWp ̆hT½Wh Dh^s.

Para 284

Sins will be forgotten by going to Jamatkhana K\hSEhWh\h5 KahTj XhXsWs ӔS Th] Jp.

k. Para 331 & Sacrifice the Holy Cow to get ones sins pardoned 343 Ft \hSh ȵk5 DS_ D^ahTj XhXsWs Whb Th] Jp. l.

Para 355

Belief in sacred Cow comes to end

www.realpatidar.com

s s j ̒ƚVhWss ӔS T]s.s Ftt \hSh X^ _sDsWj

mail@reaa mail@realpatidar.com

m. Para 366 & 68 Temples, on the banks of Ganga river, were made empty and GOD will 394 live in the LIGHT of NOOR F5Fh WU Wh DWh^° ~ \5 U^s Eh_j D^hajWp [FahWWp ȵk^

(9ƨ_h\

ȐWp \Wp Jp ) \h5 ahdah\h5 8ap_ Jp. n. Para 384 & Guru Brahma is Allah & Prophet Muhammad 425 7ƣ_he Jp 7Wp \seƠ\U XqFƠZ^ – ? [FahW Ȥkȿk ̈e\h Jp. o. Para 400

Ignorant people will recite Vedas and visit Temples 7ĤR _sDs apUsWp Xh`bp 7Wp \5 U^s\h5 Kbp.

p. Para 417, 418, If one goes to temple, all good deeds will be taken away by Idol; thus 430 & 441 trying to scare the people to go to temple. \5 U^\h5 KahTj Ⱥ liS B 8aWh^ ̒ćhįWh dh^h D\Ҵ J Wj _pb.p q. Para 424 & In Kaliyug, Atharv Veda is Kuran Foot Note 51 D _ȻkF\h5 Ȣk ^hW K 7Ta½ apU r. Para 456

Vishnu is Hazrat Ali and Guru Brahma is Prophet Muhammad [FahW iaƧȰk ? eL^S 7_j Jp 7Wp Ȥkȿk ̈e\h ? XqFƠZ^ \seƠ\U Jp .

s. Para 513

Hazrat Ali will ride Dul Dul Horse, worshiped by Satpanthis eL^S 7_j U_ U_ GsPh X^ ZpdjWp 8abp . (U_ U_ GsPhWj ȶ lĤ D^° Jp .)

Para 521 & All the above are the thoughts of Pir Sadraddin. He could not give the 522 basis of these thoughts. ;X^ KRhap_ ahSs ? Xj^ dȳm Ć W Wh iaIh^ Jp . Sp\Wh iaIh^ XhJ`Ws Ds: XR 8Vh^ WTj ZShƥ]s Jp.

Thus in this is way, budh avatar helped in converting hindus to muslims. 8aj ^ Sp, ȸkV 7aSh^Wh \UUTj Sp\Wp eƛȳk BWp Ⱥkd_\hW ZWhah\h5 8ƥ]h Jp.

Page 1 of 42

www w.realpatidar.com

mail@realpatidar.ccom

ENGLISH TRANSLATION

1. The Ninth Divine Manifestation was Budh He appeared in the guise of a Moghol 2. Know that with His ugly face and deformed legs The Diwan (guest) was sandalled 3. He was equipped with a knife, a dagger, a sword A bow and an arrow ready to be used 4. His body was purulent and leprous Nobody would come near Him 5. A nauseating smell was emanating from His body Such was the form under which God appeared 6. Such was the body in which the Miracle Accomplisher (1) decided to reveal Himself He had come to (meet) the Pandaw 7. (At the place) where the Pandaw are accomplishing their religious ceremonies (Hom Jagan) The Brahmins, seated, are reciting the Vedas. 8. At that moment started the Kaljug, and the Duapurjug ended The angels as well as the faithful deserted this world. 9. Since the Kaljug would be containing too many sins The angels preferred to leave. 10. Then Jujeshtan, reflecting, Asked the meaning of the Vedas. 11. Listen, Brahmins, said Jujeshtan, The sin of having killed the Kawraw is upon me 12. 3,240,000 people were killed And upon me rests this sin 13. Listen, Brahmins, I have a question: What is the punishment for this sin?

http://www.ismaili.net/granths/budheng.html

22-Apr-2010

Page 2 of 42

www w.realpatidar.com

mail@realpatidar.ccom

14. The Brahmins answered: Listen, O King, You have to accomplish the Hom Jagan ceremonies 15. Invite 1,000 Brahmins, O King, Give them food respectfully in accordance with their wishes 16. Kind-heartedly use 1,000 gold cutlery Carefully celebrate this Jagan 17. Such are the words uttered by the Brahmins: "In this way this sin will be forgiven". 18. Taking the Brahmins'advice, the Pandaw were led astray And they celebrated the Hom Jagan. 19. The Brahmins added these words: Listen, Jujeshtan, and think about it 20. A damned one will come to this place And will make trouble 21. He will be opposed to the Jagan And will give arguments 22. Put a guard at the main door Nobody should get in, whether he is good or bad. 23. Bhimsen was chosen to mount the guard The one whose cart was huge, was placed outside 24. (At the place) where the Pandaw were seated for the Hom Jagan The Brahmins, seated, recited the Vedas 25. (Of the noisy place) where the Brahmins were reciting the Vedas Shri Budh came to the door 26. At the door, Bhim was seated, with confidence Budh Awatar looks at Bhim with surprise 27. The Lord had taken such a repulsive form

http://www.ismaili.net/granths/budheng.html

22-Apr-2010

Page 3 of 42

www w.realpatidar.com

Thatt one could not look straight in His Face Th

mail@realpatidar.ccom

28. Then Shri Budh said: Listen, King Bhim, Let Me get in 29. I am hungry, I am starving This is the state in which I have come to meet King Jujeshtan 30. Let Me ask for food and see what's happening And watch the results of the Hom Jagan ceremonies 31. Listen, damned, said Bhim It is forbidden to get in 32. (At the place) where Jujeshtan is accomplishing the Jagan ceremonies The Brahmins are reciting the Vedas 33. If you get in, it would be a sacrilege to the Jagan ceremonies Nobody will want to see your face, damned 34. The Brahmins are reading our Vedas And your ugliness will cause harm 35. Then Shri Budh said: Let Me tell you what is a damned. Divine aspect is with Muhammad

36. The Divine aspect has left the Brahmins And has taken the form of Prophet Muhammad. 37. Those who pretend understanding the Vedas which make no more sense Those ones indeed are damned, be well assured, O Bhim

Tried to ridicule Hindu Vedas

38. The Brahmins recite the meaningless Vedas They have no knowledge of the Divine Manifestation 39. Those who do not know the Fourth Veda Those ones are the damned ones, you may as well know, O Bhim 40. It is the temptation caused by the underlying interest that makes them recite the Name of God And this is an insult to the Manifestation of God

http://www.ismaili.net/granths/budheng.html

22-Apr-2010

Page 4 of 42

w.realpatidar.com

mail@realpatidar.ccom

41. Of the present Divine Manifestation The Brahmins have no knowledge 42. To their own interest, they speak lies They have no conscience of the soul's salvation 43. They accomplish false Jagan ceremonies Their greediness prevents them from awareness 44. Bhim, there is no Knowledge without Truth Such are the damned ones, you should know, O Bhim

Brahmins have no knowledge of 4th Veda

45. The Brahmins have knowledge of the three Vedas Of the fourth, they have no knowledge 46. Those who have no knowledge of the fourth Veda Those ones, Bhim, are damned.

Three Vedas have gone away

47. During the Duapurjug, three Vedas have gone away Eight Manifestations of God have come to an end 48. Today, I have come in My Ninth Manifestation But the Brahmins care little 49. The damned Brahmins are great ignorants They trample the Name of the Manifestation of Budh 50. Listen to Me, O Bhim I am asking for food, I am starving 51. Be charitable to My weak body And you will be rewarded for it 52. Then Bhim, pensive, looked at Him (and said to himself:) He seems to be the Divine Manifestation 53. I can perceive a certain form His words seem to come from Paradise 54. Listen, O Creator, said Bhim

http://www.ismaili.net/granths/budheng.html

22-Apr-2010

Page 5 of 42

www w.realpatidar.com

IIn my heart also lies a word of truth

mail@realpatidar.ccom

55. Who, from the military class, is damned? Tell it to me. 56. Then Shri Budh explained: Let Me tell you about the damned ones. 57. (Are damned) the pitiless military and financiers Who make war, who kill 58. Who separate the calf from the cow during suckling period Who confiscate mortgage 59. Under their respectful exterior lie proud hearts They have no scruples to kill 60. The military and financiers who are mistaken Those ones are damned, be well assured, Bhim. 61. The financiers hide their pride And have no scruples to alter the scale 62. When comes time for buying, they charge more When selling, they give less 63. They are vain and boasting It is a sin to falsify weights and measures (2) 64. They laugh at Mercy and religious precepts Consider them as damned, O Bhim. 65. Bhim said: Tell me, O Merciful Creator, Who is damned amongst human beings? 66. Relieve me from my doubts, O Merciful, And tell me how one becomes damned. 67. Listen Bhim, said Shri Budh, Here is the explanation of who is damned

http://www.ismaili.net/granths/budheng.html

22-Apr-2010

Page 6 of 42

www w.realpatidar.com

mail@realpatidar.ccom

68. He who, in his heart, has neither pity nor faith Who commits ill deeds and sleeps with clear conscience 69. The one who fights with his mother or his father This damned one, O Bhim, will go to hell. 70. The one who kills to fill his stomach And who commits adultery 71. He who appropriates someone else's possessions This damned one, Bhim, will go to Hell. 72. He who takes two wives (3) And who gives less love to one of them 73. And hurts the other one's feelings This damned one will not reach salvation after death 74. This damned one will go to Hell, O Bhim And will not reach spiritual salvation. 75. He who marries his daughter for money Is the worst of the damned ones (4) 76. He who, with no reason, goes to people's house And tells lies to get something out from them 77. He who kills for his own interest And eats the meat and does not consider it as wrongdoing 78. He who gives a wrong testimony This one, amongst human beings, is damned. 79. Of the descendants of The Supreme Gur Brahma Anyone appropriates the rights 80. Anyone who criticizes The One who gave the Religion of the Master and showed the Path of God 81. He who embraces a religion but does not practise

http://www.ismaili.net/granths/budheng.html

22-Apr-2010

Page 7 of 42

www w.realpatidar.com

This damned one will go to Hell, O Bhim (5)

mail@realpatidar.ccom

82. He who teaches but one letter Consider him as your master 83. He who, swearing on God, speaks lies This damned one, Bhim, will go to Hell. 84. Bhim then says: Listen, O Merciful Creator, Who amongst the quadruped is damned? 85. Tell me also, O Merciful, Who amongst the winged animals is damned? 86. Shri Budh said: Listen, O Bhim, Let Me talk to you about the damned ones. 87. Amongst the quadruped, the dog, the donkey and the fox are damned Amongst the winged animals, it is the crow. 88. Amongst human beings, the one who spreads gossip Is the worst of the damned ones. 89. Bhim said: Listen, O Merciful, Who, amongst women, is damned? 90. She who plays with someone else's husband And who does not even deign looking at hers 91. She who leaves her husband for another man There is no worst damned woman than this one, Bhim. 92. She who plays with someone else's home And does not like to take care of hers 93. She who neglects what she is asked to do And who, first thing from the morning, seeks trouble 94. She who does not serve her parents-in-laws She who does not have respect for her sisters-in-law

http://www.ismaili.net/granths/budheng.html

22-Apr-2010

Page 8 of 42

w.realpatidar.com

mail@realpatidar.ccom

95. Not translated 96. The widowed woman who commits adultery And does not protect her parents' honour 97. She who lends her womb and gives birth With no doubt crossing her mind 98. She who spoils her family's name Amongst women, she is damned. 99. The woman who does not serve her husband Who is not ashamed of lying 100. She who does not fulfil her obligations towards her husband Amongst women, she is damned. 101. Listen, Creator of Cycles (Jugesar), says Bhim, A doubt resides in my mind 102. Amongst the human race, who is the worst damned Lord, explain it to us 103. Then Shri Budh openly replied: Let Me tell you about the damned ones. 104. He who serves God without honesty Who is proud and does not keep his word 105. He who does not act religiously That one is the worst of the damned ones

Its a Hindu Ritual and hence Hindus are considered as damned

106. He who sells dairy products and meat He who burns bodies and incinerates them 107. He who charges extra interest That one is the worst of the damned ones 108. Whoever destroys the intention Of the one who, in his heart, wants to serve God

http://www.ismaili.net/granths/budheng.html

22-Apr-2010

Page 9 of 42

w.realpatidar.com

mail@realpatidar.ccom

109. He who stops others from doing charity and good deeds That one is the worst of the damned ones. 110. He who breeds cattle and animals (6) And does not bother feeding them 111. The animals, when starving and thirsty, suffer a lot Who can they complain to? 112. The worst culprit is The one who does not understand others' sufferings 113. The faithful who lives in this world And who does not care for his Master 114. He who speaks ill of the knowledge of Religion That one is the worst of the damned ones 115. He who, through his lies, denies his promises He who consummates drugs, alcohol or tobacco (7) 116. He who, through his lies, incriminates somebody That one is the worst of the damned ones. 117. He who kills by strangulation (8) That one is the worst of the damned ones 118. He who curses And casts a spell 119. He who does not feed his milk-cow Is the worst of the damned ones

Pay Dasond so that one is not damned

120. The believer(9) who does not practise his religion 10) Who lives in this world without paying Dassond((10) 121. He who, with no reason, does not go to Jamatkhana Who lives in this world without paying Dassond Goes to Jamatkhana, the religious place of muslims

http://www.ismaili.net/granths/budheng.html

22-Apr-2010

Page 10 of 42

www w.realpatidar.com

122 He 122. H who is not conscious about the salvation of the soul That one is the worst of the damned ones

mail@realpatidar.ccom

123. He who has intercourse with his wife Who is pregnant for more than five months 124. He who emasculates cattle There is no worse damned one than this one. 125. He who, with no reason, goes to people's house Borrows money to pay his debts 126. He who plays the hypocrite Is the worst of the damned ones. 127. Then Bhim says: Lord, I'd like to ask a question: Who, amongst men, is the best? 128. Then Shri Budh openly replied: Let Me tell you who is the best of men.

Gur Bhirma means prophet mohammed

129. The one who has met Gur Bhirma Has reached salvation 130. Thee one who pays Dassond with honesty Reaches salvation Pay dasond to get mukti

131. He who gives his thoughts to God Who keeps spiritual knowledge in his heart

Goes to Jamatkhana

132. He who goes regularly to Jamatkhana That one is the best of men. 133. He who is merciful, tolerant He who respects the forty (good) deeds (11) 134. He who renounces anger Is the best of men. 135. He who renounces greediness Ill deeds and selfishness

http://www.ismaili.net/granths/budheng.html

22-Apr-2010

Page 11 of 42

www w.realpatidar.com

mail@realpatidar.ccom

136. He who is aware of the five good actions (12) Is the best of men. 137. He who keeps in his thoughts the words of the Master He who obeys his Master 138. He who is truthful, tolerant and content Is the best of men. 139. He who lives humbly, Confides his happiness and misfortune to God 140. He who's heart does not forget God Is the best of men. 141. He who serves his mother and his father Who hates vandalism and gossiping 142. He who supports his whole family Who likes to meditate on God 143. He who gives knowledge to others Is the best of men. 144. He who is respected by people He who is not criticized either in his community or outside 145. He who can dominate his words, deeds and temptations He who does not speak ill of others 146. He who is merciful and tolerant Is the best of men. 147. Then Bhim says: Listen, Lord of the Time, I would like to ask one question. 148. Amongst women, who is the best? Explain it to me, O Lord. 149. Then Shri Budh openly replied:

http://www.ismaili.net/granths/budheng.html

22-Apr-2010

Page 12 of 42

www w.realpatidar.com

I will ill tell you who is the best of women.

mail@realpatidar.ccom

150. She who serves God She who keeps the Words of God in her thoughts 151. She who remembers the Name of God She who respects the forty good deed (13) 152. She who is charitable and tolerant Is the best of women. 153. She who keeps knowledge in her heart She who respects her parents-in-law 154. She who does not get angry, even on hearing lies She who has the innocence of a kid 155. She who walks with humility Is the best of women. 156. She who never eats food before having served God (14) She who makes sure her guest does not leave her place hungry 157. She who gives a little of the little she possesses That woman can maybe called generous 158. She who practises her faith Is the best of women 159. She who stays under the protection of her husband She who confides her happiness and worries to God 160. She who serves God The Most Truthful 161. She who lives humbly in this world That one is the best of women. 162. Shri Budh went on talking openly: Listen, Bhim, let Me tell you something

http://www.ismaili.net/granths/budheng.html

22-Apr-2010

Page 13 of 42

www w.realpatidar.com

mail@realpatidar.ccom

163. Go and tell King Jujeshtan That I have come in order to be recognized 164. I speak Truth. Because even though you celebrate Jagans, your sins will not be forgiven 165. If you come and have My Didars You will reap the fruits of infinite Jagans 166. Tell this to King Jujeshtan immediately (15) Otherwise he will regret it 167. Then Bhim looked worried: He seems to be The Lord of the Three Worlds (16) 168. The Creator has always worried about the Pandaw family(17) This is why He has come to us. 169. Listen, Creator of the Cycles, Wait here a moment 170. I am going to give the news to King Jujeshtan I will give him Your message and I will be back, O Lord 171. Bhim went away and it took him a while He discussed with the King 172. At the place where the four brothers were seated Bhim was giving the news 173. Listen, O King, I tell you what I think A man has come to our door 174. There is a certain resemblance He speaks the words of Paradise 175. He speaks of the 14 worlds (18) And He seems to be a wise man

http://www.ismaili.net/granths/budheng.html

22-Apr-2010

Page 14 of 42

www w.realpatidar.com

176 H 176. He told me a lot of things But, in fact, I could not reply to Him

mail@realpatidar.ccom

177. Here is the message for you, O King: Even if you celebrate Jagan, you will not be forgiven 178. Today is the reign of the Athar Veda Brahmins have forgotten the 18 races (19) 179. Budh Awatar is Merciful But the Brahmins call Him "Damned" 180. He who does not know the Divine Manifestation, O King Is to be called "Damned". 181. When this message was given King Jujeshtan started thinking. 182. King Jujeshtan inquired: Sohodev, tell me who is this Manifestation

Sohodev, one of the pandavs

183. Then Sohodev, studying the stars, says: Shri Karsan (Krishna) has taken the form of Budh 184. Sohodev then says: Listen to Him, O King, Otherwise you will strongly regret it 185. Leave this Jagan, go and meet The Lord This opportunity will never come again if you keep sitting here 186. Sohodev said that the Brahmins have mistaken They do not know about the Message of God 187. They greedily read the meaningless Vedas They reject the Divine Manifestation 188. When the Pandaw were on their way to leave The Brahmins started thinking 189. Listen, O King, said the Brahmins How would you see this Damned One's face?

http://www.ismaili.net/granths/budheng.html

22-Apr-2010

Page 15 of 42

www w.realpatidar.com

mail@realpatidar.ccom

190. We Brahmins are great priests, O King Kneel down at our feet. 191. Then Sohodev said: Listen, O King, think about it 192. If you listen to the Brahmins You will not meet The Lord 193. He who created the earth and the sky Who created air and water 194. Who created the moon and the sun Who created the 4 kingdoms (20) 195. Who created 8 kinds of mountains Who created limitless stars 196. He created 18 Bhar (21) And 9 reigns of snakes 197. He created 7 oceans He created 999 rivers 198. He made all the creation appear in the twinkling of an eye That Lord is waiting at our door. 199. When Sohodev finishing uttering such words King Jujeshtan understood them. 200. If you listen to the Brahmins You will regret it day and night. 201. Then the five brothers went to meet Shri Budh who was waiting 202. (As) the King was going to Shri Budh The Brahmins sent him a warning 203. Listen to what we say, O King

http://www.ismaili.net/granths/budheng.html

22-Apr-2010

Page 16 of 42

www w.realpatidar.com

Raise R i 7 black curtains

mail@realpatidar.ccom

204. Get some holy water from the Ganges And sprinkle the soil 205. Do such things Then you can go and meet the "untouchable" (22) 206. Then the King listened to the Brahmins He raised seven black curtains 207. As they were raising the curtains The curtains fell down by the power of God's glance 208. When King Jujeshtan sprinkled the Ganges water on the soil At that moment Shri Budh pronounced words of truth: 209. Listen to Me, O King Why did you raise the seven curtains? 210. Why do you sprinkle the ground with Ganges water? Why do you let yourselves invaded by doubt? 211. Why did you listen to the Brahmins? Why create doubt in your hearts? 212. If you submit yourselves to Me with pure hearts Your sins will be forgiven 213. If you have My Didars You will reap the fruits of infinite Jagans 214. If you come to Me with confidence Then, at each step, you will get the benefit of 10,000,000 Jagans. 215. Then Jujeshtan, his head down, said: Lord, the sins of Kurshetra (23) rest upon us 216. We are full of sins How can we suddenly have Holy Vision (Didar)?

http://www.ismaili.net/granths/budheng.html

22-Apr-2010

Page 17 of 42

www w.realpatidar.com

mail@realpatidar.ccom

217. Such has been our thinking For this reason we have raised the seven curtains 218. All five of us brothers are sinful And for this reason we have sprinkled the soil. 219. Then they untied the curtains and walked to The Lord Seeing The Lord, they kneeled down at His feet 220. They prostrated before The Lord And then King Jujeshtan implored. 221. Mother Kunta (24) welcomed The Lord King Jujeshtan kissed His feet 222. Then the five Pandaw offered their joint hands in prayer And there, Bhim remained under the protection of God. 223. Blessed was our family When we saw the Master of Paradise 224. Today, our worries are gone When we were blessed by God's Vision 225. May You be blessed, O Merciful You have saved your followers 226. The great Brahmin priests have remained in the error They made us celebrate Jagans 227. You have been Merciful to the Pandaw's family You are Clement and Merciful 228. We are Your followers, we are sinners You are The One Who forgives. 229. Then Shri Budh replied immediately: Listen, O King, let Me tell you one thing: 230. The Kaljug is commencing and the Athar Veda is coming

http://www.ismaili.net/granths/budheng.html

22-Apr-2010

Page 18 of 42

www w.realpatidar.com

The six Darshans (25) are cancelled

231. Then the King says: Lord, let me ask one question Today, in the Kaljug, who is a Brahmin and who is a Jogi?

mail@realpatidar.ccom

Six branches of hinduism are cancelled

232. Then Shri Budh replied at once: Let Me tell you about the Brahmin and the Jogi 233. A Brahmin is he who knows the spiritual Who acts upon the spiritual 234. The Brahmin has to have knowledge Of the present Divine Manifestation 235. The Jogi is he who understands the Knowledge Who reaches salvation through Ginans and Religion 236. The truthful Jogi who does good deeds Who pays Dassond honestly to the Master of Truth 237. Who accepts the Present Divine Manifestation This Jogi is worthy of this Jug. 238. Then The Lords says: Listen, O King Dharam (26) I am Myself the Jogi and I am Myself the Knowledge. 239. He who, today, will do good deeds Who will know God, that Jogi is the Knowledge. 240. Then King Jujeshtan implored: Lord, how can we reach salvation? 241. Then Shri Budh replied immediately: Listen to My words, O King 242. The Kaljug has just begun and the Duapurjug is over The angels and the believers are hidden (27) 243. Listen, O King Jujeshtan You cannot tolerate living in the Cycle of Evil (Kaljug).

http://www.ismaili.net/granths/budheng.html

22-Apr-2010

Page 19 of 42

www w.realpatidar.com

mail@realpatidar.ccom

244. When you were fighting in the region of Kurukshetra You killed 18 Khonr (3.240.000) (28) brothers during that battle 245. There, the angels and the demons were killed And upon you, O King, rests this sin

Judgement Day means Qyamat

246. Today you have to pay for it Or else, on the Day of Judgment, you will suffer, O King 247. Then the five Pandaw have much implored We will follow Your instructions, O Master. 248. Then Shri Budh spoke: Go and bury yourselves in The Himalayas 249. If, today, you go and die in The Himalayas, Then you will go to Paradise. 250. Then Bhim replied immediately: Why didn't You say this earlier, O Merciful? 251. We have killed our brothers and taken the kingdom Then why has the Cycle of Evil arrived today? 252. If we had known this earlier Then we would have not held any battle in Kurukshetra 253. Then the King said: Listen, O King Bhim How would something that is written by God not happen? 254. Do as God says Keep the words of God in mind. 255. King Jujeshtan asked: Who will tell us about the Cycle of Evil? 256. What is going to happen in the Kaljug? Tell it to us, O Lord. 257. Then Shri Budh replied immediately:

http://www.ismaili.net/granths/budheng.html

22-Apr-2010

Page 20 of 42

www w.realpatidar.com

Lett M L Me tell you about the Kaljug.

mail@realpatidar.ccom

258. During the Kaljug, the Spirit will be unstable There will be 97.5% (29) of sins 259. There will be only 2.5% (30) of good That bad will be the trade during Kaljug. 260. Then King Jujeshtan asked for explanations: Lord, how will the world function during Kaljug? 261. How will be the kings and ministers? How will be the subjects? 262. How will be the priests reciting the holy books? How will be the idols? 263. How will be the warriors fighting on the battlefields? How will be the opposing warriors? 264. How will be the good people and the believers? How will be the generous ones? 265. What will the rain be like during Kaljug? How will the earth behave? 266. Then Shri Budh replied immediately: Listen, King, I will tell you something: 267. Il will rain little during Kaljug And the earth will bear little fruit 268. Stingy kings and dishonest ministers All subjects will be deceitful 269. And there, some stingy priests will recite the Puranr And there, some dishonest idols will be deaf 270. Out of 1,000 people, one only will fight on the battlefield Out of 1,000 warriors, one only will go and meet him

http://www.ismaili.net/granths/budheng.html

22-Apr-2010

Page 21 of 42

www w.realpatidar.com

mail@realpatidar.ccom

271. Out of one million people, one only will be faithful Out of one hundred thousand, one man only will be generous. 272. Then King Jujeshtan at once replied: Listen, Shri Budh, I have a question: 273. During the Cycle of Evil, which will be the true place of pilgrimage? What generosity will be legitimate? 274. What will be the fast during Kaljug? Which will be the Day of prayer? 275. How will the religion be during Kaljug? Where will we go to have our sins and bad deeds forgiven? 276. What will be the reward for a donation? Where shall we go for immediate salvation? 277. What kind of people will make donations during Kaljug? And what kind of true people will receive donations during Kaljug? 278. Then Shri Budh replied at once: Listen, O King, I will tell you one thing.

In Kaliyug goto Jamatkhana & NOT mandir

279. Pilgrimage (will be done) to Jamatkhana during Kaljug, you should know Make donation (31) to the Master of Truth (Satgoor) 280. Fast will be on the Friday of new moon (32) Prayer will be said, looking West 281. Donation in the form of pity will be rewarded Do good deeds and listen to The Essence

Very Islamic style

282. He who's deeds will be pure during Kaljug He who takes Truth from the Master of Truth (Satgoor) 283. Where there will be tolerance, faith will increase; If you have anger, faith will leave and you will have sinned.

http://www.ismaili.net/granths/budheng.html

22-Apr-2010

Page 22 of 42

www w.realpatidar.com

284. Today, God manifested Himself in Jampudip (33) Sins will be forgiven by going to Jamatkhana.

mail@realpatidar.ccom

285. Then Shri Budh said: Listen, O King, I am telling you about the Kaljug. 286. From the four jugs, Kaljug is different Sins and good deeds are differenciated 287. Both the sinner and the honest one will be judged The sinner will be drowned and the honest one will be saved. 288. During the first Kartajug, there had been good deeds Listen to their accounts, O King: 289. He who was charitable one thousand times Was rewarded once. 290. Today, in the Kaljug, he who gives once Is rewarded 125,000 times. 291. Thanks to the practice of this charity during Kaljug An infinite number of souls will reach salvation. 292. The Athar Veda will be reigning over the Kaljug But nobody will rely on It. 293. There will be many sins in the Kaljug Only the truthful will be saved. 294. Hard will it be to do charity and difficult will be the relations Difficult will be the kings, the subjects and the world. 295. Listen, Jujeshtan, let Me tell you this: I, personally, will be hidden during Kaljug. 296. Then Jujeshtan asked: How can the world survive without You? 297. If You are not present in the world, O Jadura誰 (34) Then the world will perish

http://www.ismaili.net/granths/budheng.html

22-Apr-2010

Page 23 of 42

www w.realpatidar.com

mail@realpatidar.ccom

298. Listen to my prayer, O Merciful Tell us where You will be living. 299. Since you ask Me, O King Jujeshtan, I will tell you were I will be living: 300. During Kaljug, I will be living In the hearts of My believers. 301. Just as there is life in the heart The Lord of three worlds is omnipresent too. 302. Just as there is life in the blood I shall be in every heart too. 303. Where the Jamat, together, will remember God And together will recite the Knowledge (Ginan) of God 304. He who will stay committed to the Knowledge of faith In his heart will be My home. 305. He who will have pity He who will respect the 40 kiriyas (35) 306. He who does not laze about doing good deeds In his heart will be Our home, be well assured 307. He who keeps his knowledge in the presence of the Master He who confides his sorrows and his joys to God 308. He who is the most content and tolerant In his heart will be Our home 309. He who struggles in this world In his heart lives God 310. He who devotes himself to the Knowledge (Ginan) In his heart is Our home 311. He who walks with humility

http://www.ismaili.net/granths/budheng.html

22-Apr-2010

Page 24 of 42

www w.realpatidar.com

mail@realpatidar.ccom

IIn hi his heart is Our home 312. He who constantly thinks of Knowledge (Ginan) In his home We have great presence. 313. Listen, King Jujeshtan, I am telling you During Kaljug, I will stay hidden. 314. Then King Jujeshtan spoke in turn: Where will You manifest Yourself, O Merciful? 315. And King Jujeshtan repeated: Tell us the address of Master Lord (36)

316. Then Shri Budh at once replied: Listen to My words, O King

Bhirma (Brahma) means Pir Sadardin to Satpanthis

in Iran

317. In the Indian sub-continent (Jampudip) (Jampudip), the continent of Bharat, you should know In Kahek (37) I shall be 318. Gur Bhirma will be there present His Name will be Pir Sadardin 319. (In) the Setar (38) sub-continent, the continent of Irak The country of Daylam, I shall be 320. The Lord will live in that country (In a) human body and dressed like human being 321. Thus He disclosed the house of God Then King Jujeshtan paid Him his respect. 322. While they were talking to Shri Budh There came Mother Kunta (39) indeed 323. She had brought a food dish The Pandaw said: Give food to The Merciful 324. Then Shri Budh replied immediately: Listen to this first (Pratham) thing, Pandaw

http://www.ismaili.net/granths/budheng.html

22-Apr-2010

Page 25 of 42

www w.realpatidar.com

mail@realpatidar.ccom

325. Have dinner with Me And your sins will go away 326. Then the five Pandaw had dinner with The Lord Then Shri Budh's bell was heard ringing in the Heaven 327. Then Shri Budh said: Listen, King Dharam (40) Today, your Jagan (sacrifice) has been accepted. 328. Then King Jujeshtan said: Blessed is this day When, seeing You, we have reaped the fruit of 10 millions of Jagans 329. O Lord, today, our sins are forgiven When we received Your Holy Didars 330. When the Pandaw had dinner with The Lord People blamed them To end the jagan, Sacrifice Holy Cow

331. Then Shri Budh said: Listen, King Pandaw, Sacrifice the holy cow to end this Jagan (41) 332. Today, all your sins are forgiven Thus spake The Lord. 333. Then the Pandaw brothers had confidence We shall do as You say 334. Then Shri Budh did a miracle The Pandaw accept it upon them 335. Then a cow came down from the sky And Shri Budh said verily:

COW

336. Cut the head (of the cow) and pull it off Pull off (42) the four limbs 337. They pulled off the skin Then Shri Budh ordered

http://www.ismaili.net/granths/budheng.html

22-Apr-2010

Page 26 of 42

www w.realpatidar.com

mail@realpatidar.ccom

338. Then Mata Kunta (43) took the skin King Jujeshtan took the head 339. The four brothers took the four limbs And carrying it in their hands, they went towards Hasnapuri 340. A river of blood was pouring And while pouring, the blood was changing into countless pearls 341. Every man and woman picked them up Then a big rumour was spread in town

This is to suggest that by killing Cow, One's Sins (Paap) gets pardoned

342. That the five Pandaw had committed a big sin They had killed the cow and were converted 343. Then people slandered them And at once the (Pandaw's) sins were pardoned (44) 344. As soon as they abandoned the town and came out of it The five pious Pandaw reached Paradise 345. The Lord was happy And there His desire came true 346. Then they wore the crown of weal encrusted with emeralds The beauty of which was comparable to the moon's 347. Mother Kunta (45) received a robe of thousands of qualities And solemnly wore the holy dress 348. At here neck, a necklace of emeralds At her feet, pearls and diamonds (were) sparkling 349. At her arms, bangles of emeralds; Their brilliance was limitless. 350. The Pandaw brothers, with God's blessings, went away They went to Hastinapur 351. The people of the town welcomed them

http://www.ismaili.net/granths/budheng.html

22-Apr-2010

Page 27 of 42

www w.realpatidar.com

Long live the Pandaw family L

mail@realpatidar.ccom

352. All the people had gathered At the place where the cow was sacrificed 353. Some of them found the leather, some found the tail And some others laid hands on horns 354. The Brahmins' daughters, and some sailors also came They laid their hands on cow dung

Belief in Sacred Cow is tried to removed

355. And thus came to an end The belief in the sacred cow 356. Then the Pandaw reached home They paid their respects to The Lord Narayanr 357. Then Shri Budh spake on this wise: Go and perish in The Himalayas 358. Then King Jujeshtan much implored: At the Day of Judgment, O Master, don't forget us. 359. Listen King, I say to you I, personally, shall stay with you 360. O King, be convinced in your heart Whenever you will remember Me, I shall be there. 361. Such were the supplications of the Pandaw to Shri Budh And thus, they went home. 362. Then Shri Budh disappeared. The Pandaw got up and went to The Himalayas 363. When God took leave of the Pandaw The 68 temples met The Lord 364. When the 68 temples saw The Lord The Ganges talked to the 68 temples

http://www.ismaili.net/granths/budheng.html

22-Apr-2010

Page 28 of 42

w.realpatidar.com

mail@realpatidar.ccom

365. The Ganges assembled the temples And told them Shri Karsan (Krishna) has manifested in Shri Budh 366. When on the way came the King of Paradise All temples fell at His feet 367. And there, they much implored and said: Why are You sending us back, O Lord? 368. Then The Lord so spake: O Ganges, why did you come out of your bed? 369. Then the 68 temples said to The Lord: How will we tolerate living in the Kaljug? 370. Now the Duapurjug has come to an end, the Kaljug has taken over And the faithful have left this home. 371. Then The Ganges tells to The Lord: How will I tolerate living in the Kaljug? 372. If You stay manifested during Kaljug Then we will not leave our shore 373. Such was the prayer of the temples to The Lord. Then The Lord became attentive 374. Then The Lord said to The Ganges: Listen to Me I will not be manifested during Kaljug 375. In the Setar sub-continent, in the West I shall be And there, in My Tenth Manifestation I shall be hidden 376. Then the 68 temples said to The Lord: O Lord, we shall not be able to live in the Kaljug 377. During Kaljug, people will commit many murders All these crimes will be committed with no regrets 378. And after committing their crimes, they will join their hands

http://www.ismaili.net/granths/budheng.html

22-Apr-2010

Page 29 of 42

www w.realpatidar.com

mail@realpatidar.ccom

Their Th i prayer will be feigned 379. They will use our name to praise us Their sins will be upon us 380. After committing ill-deeds They will come and walk round and round in us 381. Those ones, during Kaljug, will be the sinners We will not tolerate to see them during Kaljug 382. O Lord, there will be sun sins in the Kaljug We will not survive without You 383. The Lord listened to these words He said to the temples: 384. Listen, O Ganges, to My words You are born of the Miracle of Gur Bhirma (Allah The Creator) 385. You are born of the Miracle of Gur Bhirma You have instituted the 68 (sacred) temples 386. Stay the way Gur Bhirma created you Stay in His Miracle. 387. When The Lord Narayanr explained this, The 68 temples calmed down.

Present IRAN

388. In the town of Kahek (46) in Jampudip (47) Gur Brahma manifested Himself 389. In Jampudip will live the Master Hassan Shah The Name of the Master will be Pir Hassan Kabirdin (48) 390. Where there will be prayers and good deed He will be there, present

Pir Kabirdin is name of father of Imam Shah

391. He will be manifested during Kaljug The ignorant people will not know Him

http://www.ismaili.net/granths/budheng.html

22-Apr-2010

Page 30 of 42

www w.realpatidar.com

mail@realpatidar.ccom

392. When The Lord Narayanr had given the news about The Master The 68 temples turned to salute 393. Then the 68 temples saluted The Lord O Lord, tell us where we can find You during Kaljug

Light means "Noor" from which Kuran came; The same value which the akhand diwa at Pirana gives

394. Then The Lord Narayanr said to The Ganges: In Our Light will live Gur Brahma 395. When The Lord uttered these words The 68 temples were overjoyed 396. When The Lord had given this secret to the 68 temples The 68 temples went away. 397. Then each one went, through meditation, to meet the Master Nabi Muhammad Gur Brahma has manifested in Nabi Muhammad. 398. Then during Kaljug, the temples remained in the Miracle of Gur Brahma The premises of these temples were cleared out. 399. For the 68 temples, the meaning of the three Vedas Was for the past three Cycles (49) 400. Today, the ignorants in the Kaljug are reciting the empty Vedas And the ignorant people will waste their time in the empty temples

Conspiracy to divert attention from Vedas and temples

401. During Kaljug, people will bring their worries to the empty temples How can it be of benefit to them 402. The benefits were for the past three jugs And now, what is left is the envelope. 403. When The Lord sent the 68 temples back, The idols came to The Lord. 404. They fell at His feet and implored Him: Why are you sending us back, O Lord? 405. If you don't manifest Yourself

http://www.ismaili.net/granths/budheng.html

22-Apr-2010

Page 31 of 42

www w.realpatidar.com

mail@realpatidar.ccom

Who, without You, will take care of us? Wh 406. As the idols implored God with love, God replied to the idols with love: 407. The Lord said to the idols: think with love, Don't leave the world 408. Those who will consummate meat and alcohol will resemble you During Kaljug, they will much praise you 409. So spake and explained The Lord Then the idols were overjoyed 410. Then the idols, with joint hands, saluted The Lord O Lord, where should we live during Kaljug? 411. O Lord, now, we will live wherever You tell us Such is our supplication to You

Meaning temples are now empty without the GOD

412. Then with love, The Lord talked to the idols Today, the 68 temples have been vacated 413. Gur Brahma has left all the temples Go and live in those empty houses 414. Then The Lord prepared them a residence for the Kaljug In which the idols went to live 415. While going there, do many miracles And show it to people 416. Do such miracles That those who are gone astray get together there, with confidence

If one goes to temple, benefit of good deeds will go away

417.. The more the miracles, the more they will go to the temples The fruit (benefit) of their deeds will be taken away by the idols 418. Eat these fruit by magic Then they will all return to the temples

http://www.ismaili.net/granths/budheng.html

22-Apr-2010

Page 32 of 42

www w.realpatidar.com

mail@realpatidar.ccom

419. In the temples where the idols are being praised and worshipped All these praises will be taken away by the idols 420. The more they come to you The more they will praise you and trust you 421. When the idols were given shelter in the 68 temples They saluted The Lord

Tried to suggest that Idol worship (a Hindu ritual) should be forbidden

422. Of the twenty-four countries (50), of the nine continents, Of the 68 temples, make your home. 423. The Lord said: Listen, O idols, Ruin the people who have gone astray 424. The prayers that will said without the Athar Vedaa ((51) Of these prayers, the idols will take advantage, with love 425. Today, during the Kaljug, Gur Brahma is Prophet Muhammad But the lost world does not know Him.

See Foot Notes (2nd last page); Athar Veda is considered as Kuran

GURU BRAHMA is Prophet Muhammad; the founder of Islam

426. Today, praise the Tenth Manifestation And praise Him in the House (Jamatkhana) of Gur Sohodev (52) 427. Thus saith The Lord and He sent them back And the idols were all happy

Sohodev mean Pir Sadruddin; See footnotes in 2nd last page

428. In the temples have come idols of stone Go and live in those places 429. In this Kaljug, Religion is quiet Keep your presence in all the temples

ROB the World? So that people loose their faith in Hindu religions

430. The Lord sa said: O idols aid: Listen, L Rob the lost world 431. Today, each prayer said under miracle Will be given to the idols.

http://www.ismaili.net/granths/budheng.html

22-Apr-2010

Page 33 of 42

www w.realpatidar.com m

432 He 432. H who, who today, today does not know Prophet Muhammad, Muhammad the Master of Truth, Truth That one is saluting the gods of stone

mail@realpatidar.ccom

433. The world will gather where there will be miracles This lost world will not trust the Master of Truth 434. The Lord so spake and left the idols. Then the stones and the loose stones 435. Fell at The Lord's feet and implored Him Why do you send us back, O Lord? 436. O stones and loose stones, said The Lord then, O stones and loose stones, why have you come here? 437. O Lord, we, the innocent, are being hammered, broken up and called "God" O Lord, do justice about this 438. The words of stones and loose stones were heard by The Lord; O Lord, while pronouncing Your Name they will say their prayers on us 439. To them, do our justice, O Master We, the innocent, are much imploring You 440. All those who praise us - the stones and loose stones Of all those praises the idols are taking advantage 441. The lost people are decorating us Those idiots bow down before us and call us "Lord".

means Hindus are being ridiculed and shown in a very bad light

442. The Lord replied at once: Listen, stones and loose stones, Those people will slaughter you and harm you

That means on people who make & worship idols will be punished on Qyamat

443. Don't be sad about that We will settle accounts with them when The Lord Master will sit on the Throne 444. We shall do you justice at the Day of Judgment (53) Those who praise you will drop on their knees 445. On the Day of Resurrection, We shall call them for accounts Stones and lose stones, obey My words.

http://www.ismaili.net/granths/budheng.html

22-Apr-2010

Page 34 of 42

www w.realpatidar.com

mail@realpatidar.ccom

446. When The Lord had uttered these words, The stones and loose stones kept quiet. 447. The stones and loose stones heard it from Shri Budh's own lips They are enduring today the suffering of the Kaljug. 448. Now listen to the thoughts of the Pandaw Those ones who went to The Himalayas 449. The Pandaw will say: We are abandoning our kingdom, Thanks to the promise of the Master of Truth, we have reached Paradise 450. Thus spoke King Jujeshtan Pandaw Who died on The Himalayas 451. Then 90 million (54) souls left with King Jujeshtan They reached Paradise 452. That was the end of the Duapurjug The Pandaw kings received the promise of The Lord 453. Thus spake Gur Sohodev There is no end to the Manifestation of the Divine Essence 454. Listen, faithful, said Gur Sohodev Again, I repeat to you The Essence

10 avtaar of Narayan is Naklanki Avtaar

455. The Tenth Manifestation was taken by The Forgiver The Creator took the Naklanki (55) Manifestation 456. The pre-Eternal Vishnu is The Lord Ali Gur Brahma is equivalent to Prophet Muhammad 457. The Kaljug came with its Atha Veda (56) Nobody understood its meaning

Ali is Vishnu and Muhammad is Brahma

Athar Ved is Kuran

458. Ishwar (57) was called Adam According to the Vedas, I explain to you the place

http://www.ismaili.net/granths/budheng.html

22-Apr-2010

Page 35 of 42

www w.realpatidar.com

mail@realpatidar.ccom

459. In Jampudip (58), the region of Bharat, The town of Duarka

Means Muhammad and his avtaar recites Kuran

460. In Jampudip lives Gur Brahma (59) Who, today, recites the Athar Veda 461. In the Setar (60) sub-continent, the region of Irak, the state of Daylam There (lives) the Tenth Incarnation, Ali, in a human body 462. Know His Name which is Ali He will be the last Mahdi (Resurrector)

10th Avtaar is Ali

463. This Resurrector will come certainly He will kill the Dayt Kalingo (61), be well assured 464. Tchinab Nagri (62), in the East (63) There lives the famous Kalingo 465. This Dayt Kalingo will be extremely strong His army will be unlimited 466. His army will be limitless His soldiers will be powerful 467. From China will come the Kalingo He will come to fight in Jampudip 468. The Kalingo will have 4 million followers They will make a lot of trouble 469. By concentration, he will go to the skies He will feed iron horses with sugar 470. He will show the deceased mothers and fathers He will reverse the current of the river 471. He will make mountains of food move forward He will change water into butter 472. The Kalingo will accomplish such miracles

http://www.ismaili.net/granths/budheng.html

22-Apr-2010

Page 36 of 42

www w.realpatidar.com

Andd th A there, the whole world will be lost

mail@realpatidar.ccom

473. Only My followers will not be lost Those who will have recognized the Master of Truth. 474. When the demon Kalingo will make such trouble The Lord Narayanr will reveal Himself certainly 475. In the region of Multan, the armies will meet Step by step, they will move forward 476. Harmat (64) will blow the horn Warriors will meet in thousands 477. Then 99 millions of Jakhs (65) will arrive unexpectedly 560 million Meghs (66) will walk on the battlefield 478. There will gather 320 millions of Kinars (67) 330 million souls (68) will walk on the battlefield 479. Then Pehlaj (69) will come with his 50 million souls Harischandra (70) with his 70 million souls 480. Jujeshtan will come with his 90 million souls Pir Sadardin with His 120 million souls 481. And there will be Pir Kabirdin with infinite souls, be well assured He will also go on the battlefield, certainly 482. 125,000 (71) holy souls will come The angels will come in infinite number 483. Gorakh (72) will come with 500,000 souls They will ride on camels and sound the bugle 484. 35 millions (73) of spirits and souls, 1,000,000 lions 485. Then (will come) 640 million Joganiyuns (74)

http://www.ismaili.net/granths/budheng.html

22-Apr-2010

Page 37 of 42

www w.realpatidar.com

They will beat the drums Th

mail@realpatidar.ccom

486. Nine varieties of snakes will come The warriors of the underground world (75) 487. 125,000 Ismailis from Khorassan, be assured They too will come to the battlefield indeed 488. Then 124,000 prophets They too will go to the battlefield indeed 489. Then the monkeys will come in unlimited flocks This army of Harmat (76) will meet there 490. The Lord's army will gather There, the army will know no limits 491. Then from Kashmir will come the important thing Where King Jujeshtan was born 492. 1,800,000 musketeers (77) Will also go to the battlefield indeed 493. Valorous is the City of Oujen Where Sohodev (78) was born, be well assured 494. Then 1,400,000 Tchakradhari (79), be assured Will go to the battlefield indeed 495. In the region of Jalandar (80) Where King Bhim (81) was born 496. Accompanied by 4 millions of Gadhadhari (82) They too will go to the battlefield indeed 497. Then honoured will be the region of Uchh (83) Where the so-called Arjun (84) was born 498. 3,600,000 archers (85)

http://www.ismaili.net/granths/budheng.html

22-Apr-2010

Page 38 of 42

www w.realpatidar.com

Will also go to the battlefield indeed

mail@realpatidar.ccom

499. Honoured is the town of Malwa Where King Nakul (86) was born 500. 3,500,000 lancers (87) Will also go to the battlefield indeed 501. Then the army of the five Pandaw will meet at one place Their number will be countless 502. Then (will come) gallant horses, and valorous trumpets will sound The Lord Narayanr will ascend, beyond description (88) 503. There, the army of The Lord Naklanki will gather The angels and the faithful will all go to the battlefield 504. There, with The Lord, an infinite number of groups Will move forward step by step 505. Then, thousands of flags will float in the wind And the sky will roar, the earth will shake 506. At the sound of the drums, the flags of The Lord are floating And there will gather bright warriors 507. Then they will come to Jampudip The meeting (of the armies) will take place close to Saraswati (89) 508. Then a clamour will rise to the sky (The armies) will meet close to the river Saraswati 509. The two armies (will meet) face to face (90) Between them, messengers will come and go 510. Then the two armies will prepare (to fight) Their patience will be at the limit 511. Then between the two armies will sound the horn A hubbub will rise in the two armies

http://www.ismaili.net/granths/budheng.html

22-Apr-2010

Page 39 of 42

www w.realpatidar.com

mail@realpatidar.ccom

512. The two armies will be very strong In these two armies, nobody will be defeated

Dul Dul the horse which Satpanthi's praise. Ali will ride the horse (Nishkalanki Narayan will ride the horse)

91))will fight against the satan, 513. When The Lord Ali, riding on His Dul Dul,((91) The head of the devil will fall down

514. Then with the forked (92) sword in His hands Ali will fight the satan and his army 515. Then the trident will turn round the 14th night (93) And the head of the demon will fall. 516. Then He will fight the army of the demon There will be a large gathering on the battlefield 517. Then the 6,400,000 Joganiyuns (94) Will beat the drums (joyfully) 518. They will fill up their drums with the blood of the demons Then a clamour will raise 519. The Das Awatar (95) ends here by Grace of Naklanki Who killed the Kalingo and won (96) the battle 520. Then listen, O faithful, said the Master Sohodev (Pir Sadardin) I recite to you The Essence 521. Listen, faithful, we have prophesied the future By Grace of The Lord, said Pir Sadardin 522. There is no end to the history of The Lord But I have given you My thoughts on one side of it.

Footnotes

This Budh Avataar is Thought of Pir Sadardin

1. Jadura誰 = Khrisna. In the "Nade Ali Nade Ali" prayer, Hazrat Ali is called "Mazhar al-Aja誰b" (The Miracle Accomplisher). 2. Other Ginans speak the same way. Vazir Gangi was converted by hearing the Ginanic verse

http://www.ismaili.net/granths/budheng.html

22-Apr-2010

Page 40 of 42

www w.realpatidar.com

mail@realpatidar.ccom

"Kh t tara trajwa...". "Khota 3. Monogamy in Ismailism has been adopted since its very beginning. At the time when Ismailis were dominating North Africa, monogamy was rigorously applied. Also refer to article by Aharon Lahish, "Polygamy and the Druze Family in Israel", JAOS, IC, 1979, pp. 58-63, on monogamy of Druzes in Palestina/Israel. 4. Women's respect in Ismailism has been assured since the beginning, as opposed to majority of traditions. 5. One of the fundamental principles of Islam is that there is no constraints in religion. Imam Sultan Mohammed Shah explains in His memoirs (Albin Michel 1955) that people are free to decide whether or not they want to stay in the Ismaili faith, but they have no rights whatsoever to change it. 6. Pashou Dhor Tchara pani 7. Contradicts in a decisive manner the accusations set against Ismailis regarding consumption of drugs in Alam没t. Also refer to Ginans "Sahi Samari", "So Kiriya" and the French article entitled "Les Isma茅liens de Shougnan" (R. Majerczak, Revue du Monde Musulman, XXIV (1913), pp. 202-218). There are also numerous Farmans on the topic. 8. Including suicide. 9. Refers to the hypocrites who pretend to be believers particularly the Doctors of Law, the Brahmins referred to further in the Ginan. 10. Dassond, as the name indicates, is the tenth (1/10) of the personal revenue given to the Imam. 2.5% (1/40) is added as the right of the Pir. When Imam and Pir are One, total Dassond is 12.5% (1/8)) of the revenue. Dassond is the responsibilty taken by the believer at his conversion. In one of His Ginans, Pir Shams says that He converted a lion. This lion proposed to give away one tenth of the forest in which part he would not hunt. This was his Dassond. 11. Also refer to Ginan "So Kiriya" in which there is a clear break at the 40th kiriya. Equally, there's a non-published unknown Granth which resumes the forty famous Hadiths of Prophet Mohammed. This Granth, of which only three manuscripts have survived to-date, is attributed to Seyyed Imam Shah, and is entitled "Tchalis Wato". This Granth was read out at the SOS Khojki Conference organized by the Heritage Society in Toronto, January 1990. Those 40 Hadiths are also called "Tchalis Galiyo" in the Khojki manuscript #25 of the Ismaili Tariqah Board of Pakistan. 12. Namiya, Khamiya, Zikr, Dharam, Daya: Humility, patience (tolerance), prayers, good deeds, mercy. 13. Please refer to footnote of verse 133. 14. Ismailis prepare Memani (Nandi) for The Imam before sitting down to dinner. 15. Also means "with confidence". 16. The expression TRIBOVAR SAMI is currently used in Ginans. It means "The Master of the Three Worlds": the sky (Swarg), the earth (Mratiyu) and the underground (Patal). In some cases, it can also mean the Past, the Present and the Future. 17. "Wayis" means "generation", "family". This word comes from the "Wanch" family. 18. 14 worlds = 7 heavens and 7 earths. 19. Is there any relation with KHONR ADHAR? The word used here is WARANR ADHAR. 20. Mineral, vegetable, animal and angelic kingdom. 21. Bhar = weight, unit of measure, number. 1 Bhar = 202,176,000. The expression "Wanaspati Bhar Adhar" refers to the number of vegetables in the world. It equals to 18 x 202,176,000. 22. "Malesh" means "Muslim", "untouchable", etc. 23. Kurshetra = The battlefield of Mahabarata. 24. Mata Kunta was Krishna's aunt and the 5 Pandaw's mother. 25. The 6 Darshans = The 6 branches of Hinduism. 26. King Dharam = Surname of King Jujeshtan. 27. Beginning of Takya, that is to practise one's religion in hiding, in silence. 28. 1 Khonr = 180,000 people. 29. Literally: 19.5 out of 20.

http://www.ismaili.net/granths/budheng.html

22-Apr-2010

Page 41 of 42

www w.realpatidar.com

mail@realpatidar.ccom

30 Literally: 30. Li 1/2 out of 20. 31. Dassond. 32. Sukarwari Beej (about 2 times a year). 33. Jampudip = India. Can also mean "The land of Jamp" (the land of the recital of the Divine Name.) 34. Jadura茂 = Miracle Accomplisher. See footnote of verse 6. 35. See footnote of verse 133. 36. Gour Nar = Pir Shah 37. Kahek = the present Iran. 38. Sentardip = The Middle-East 39. See note of verse 221. 40. See note of verse 238. 41. This ceremony is surprisingly similar to the one at which Imam Hassan Alazikrihis-Salaam, on August 8, 1164 in Alam没t, abolished the Sharia by ordering to break the Ramadan fast and instead celebrate Idd! 42. Joua = Jouda = To pull off, to separate. 43. See note of verse 221. 44. There is an old tradition which says that when someone is being slandered, his sins are forgiven. 45. See note of verse 221. 46. See note of verse 317. 47. See note of verse 284. 48. Pir Hassan Kabirdin, one of the 5 sons of Pir Sadardin, saved an infinite number of souls during Kaljug. One of the most important events of his life was the weaving of five hundred yards long and nine inches wide cloth from the cotton-like substance from the pods of a wild plant known as aak. Using safaron, dissolved in water, for ink he wrote in poetry a Ginan in Khojki character for the Imam Islam Shah. This work is known as Anat Akhado. He went to see the Imam in Kahek and presented the cloth which the Imam wore as a turban. 49. Kertajug, Tetrajug and Duapurjug. 50. "Tchowis Moulak" = "24 countries" (Name of China then). 51. The Athar Veda is considered as the Kuran. 52. Gur Sohodev is the surname of Pir Sadardin. 53. Mahadan = The Grand Day, The Day of Judgment. 54. Naw Karor = 90 millions. 55. Naklanki comes from Nish and Kalank = stainless, pure. 56. See note of verse 424. 57. Ishwar also means "He whom you can trust." 58. See note of verse 284. 59. Gur Brahma in this context is Pir Sadardin. The Ginan "Anand Anand kario Satgoor Bhirma" states it precisely in the last verse "Boliya Pir Sadardin Satgoor Bhirma.". The Ginans of Pir Sadardin are thus here called Athar Veda which is also the name of the Kuran. 60. Santardip = Middle-East 61. Dayt Kalingo = Satan, Demon 62. Tchinab Nagri = China 63. Pourab Dise = The East side, India 64. Harmat = Surname of Hanuman, the general of the Rama manifestation. Harmat, as a common noun, also means "woman". 65. Jakhs = The blessed souls of the first Grand Kalap. 66. Meghs = The blessed souls of the second Grand Kalap. 67. Kinars = The blessed souls of the third Grand Kalap. 68. It concerns the 330 million souls which were saved during the fourth Grand Cycle called Khalifa Kalap. The following two verses give a detailed account. 69. King Pehlaj was the saviour of 50 million souls during the first Kertajug. 70. King Harischandra was the husband of Tara Rani and the saviour of 70 millions of souls during the Tetrajug. 71. They are probably the 124,000 prophets (the number is often rounded off to 125,000)

http://www.ismaili.net/granths/budheng.html

22-Apr-2010

Page 42 of 42

www w.realpatidar.com

mail@realpatidar.ccom

72 Gorakh 72. G = a follower of Matchandar. He was a Saint. 73. Awound = 3.5 Awount Karor = 3.5 x 10,000,000 74. Joganiyuns: In the ancient times, women used to accompany the armies to the battle to encourage the soldiers by their rhytmic music and songs. They were called "Joganiyuns". Joganiyuns also means "virgins, pure, saints". Joganiyuns is also the feminine of Jogi. 75. Patal = the subterranean world 76. Harmat or Hanuman was a gorilla. 77. Kharang Dhari = soldier with a sword 78. Sohodev = probably one of the Pandaw brothers. 79. Tchakradhari = soldier with an arm which looks like a circular sword and which is to be spun round before throwing it on the enemy. 80. Jalandar is a town 50 miles (80 km) from Amritsar in Punjab. 81. Bhim was the strongest of the five Pandaw brothers. He generally used to fight with a bludgeon. 82. Gadhadhari = soldier with a bludgeon 83. Uchh = The place where was burried Pir Hassan Kabirdin. 84. Arjun = One of the five Pandaw brothers. 85. The word used is "Dhankadhari" which means "archers". 86. Nakul = One of the five Pandaw brothers. 87. The word used is "Nejadhari" = who holds a lance. 88. Epiphany of The Lord. Paradoxically, one of the best description of the Divine Epiphany is given in the Bible in the last chapter (New Testament, The Apocalypse of John). 89. Saraswati is the name of a river in India. It is a subterranean river (symbolically) which meets The Ganges and the Jamuna at their point of intersection. Their spiritual symbolism is in accordance with the INGLA (Ganga), PINGLA (Jamuna) and Sukshmana (Saraswati), the three rivers in the human body. The point of intersection lies in the forehead and is called the BHAMAR GUFA where God reveals Himself during Bandagi. 90. The expression used is "Drasht O Drasht" meaning "face to face". 91. Dul Dul is the name of the white horse of Hazrat Ali (Please compare with The Apocalypse in the Bible.) 92. Kharang Tridharo = Three-pronged sword. (In fact, the sword of Hazrat Ali, called Zulficar, was double-edged and its symbolism has been explained in different ways. On the other hand, Mach Awatar, the First Divine Manifestation during the Kertajug, was carrying a trident.) (Also note the expression "Tribowar".) 93. The word used is "Tchaudis" which, according to Missionary Abualy, means "4 corners". We think that this word does not come from "tchar" (4) but from "tchaud" (14) and it refers to the 14th night following the new moon, that is the full moon. In the Ginans, we come across expressions like "Tchaudise Tchandruna" used for the Epiphany of The Lord. There is also an unpublished Ginan of Pir Shams beginning with the words "Gur Diwa Gur Tchandruna." 94. See note of verse 485. 95. "Das Awatar" = can either mean that the Naklanki Manifestation is the last Manifestation of the Das Awatar, or that this Granth is only a part of a Das Awatar Moto written by Pir Sadardin, and the rest is lost. 96. Here is another expression with a double meaning: It can either mean that Naklanki who killed the devil is the One who won the battle, or it can be an advice to the reader with a spiritual connotation "Kill your own evil spirit". Back to Ginan Main Page

http://www.ismaili.net/granths/budheng.html

22-Apr-2010

KWWSV PDLO JRRJOH FRP PDLO "XL LN I F F H YLHZ SW VHDUFK

www.realpatidar.com at

mail@reealpatidar.com Real Patidar <realpatidar@gmail.com>

Real Patidar <mail1@realpatidar.com> To: realpatidar@gmail.com

Tue, Apr 27, 2010 at 12:14 PM

UPDATE: Some important pages from the Pooja Vidhi Book have been attached. O2 K % O A "? # $ , * email = . --------------------------------------------------------------------------------------------------------------------------------------------------IMPORTANT Please add realpatidar@gmail.com to your contact list / address book. By doing so, the emails I send will directly land in your INBOX and not get marked as "SPAM" or "JUNK" -----------------------------------------------------------------------------------------------------------------------------------------------------Hello / A ,

So far in the 4 emails I have sent to you (Series 1 to Series 4), some of the observa ons worth men oning here are as under; ( 5 % i email ( # Â % % ; 1)

Series 1

Series 1, 2, 3

Satpanth is a sect of Islam. A Branch of Nizari Ismaili Sect. $ k -A - % &S . 7 = .

Series 1, 2 & 4

All Books of Hindu belief are corrupted to include Islamic elements and have kept the same Hindu name to confuse Hindus and make them believe that the corrupted books are real books. BC % n O A Â˘A * , " dA .a

Satpanth is formed to convert Hindus to Muslims. What are the THREE stages in the conversion process. ]C b ? ' $ % & A $ * . ? ' h A , = 2ÂĄ0 .

* 0 " . 8 ".( L2 ' ÂŁKY ' Â˘A O A % . 4)

Series 1, 2 & 4

Preeching Islam in dress of Hindu Sanths and Yogis. A Ploy to fool ignorant and illiterate masses. BC " , 7 D dA L ,Â¤ Y ,

Series 1, 2 & 4

Payment of Dasond is important ] *$: 'F T = .

Series 2

Even today satpanthis have not converted to Hindu. They are practicing Taqiyaa and hide their real identity. They pretend to be Hindus but actually practice Islam. People practicing Taqiyya are called Guptis. *9 $( #$] b BC , . b , $8 = " b8

Series 2

ÂĽ$ ]C 9 = . ÂŚ * = . Looks of Pirana have been changed to give a Hindu worship place, But actually because of Taqiyya, it still is a place of worship of Islam. $ BC 9 * , = . $( , ( > dA O K2S A = .

$SU 30

KWWSV PDLO JRRJOH FRP PDLO "XL LN I F F H YLHZ SW VHDUFK

www.realpatidar.com com

ma mail@realpatidar.com 8)

Series 2

Books and other things happening at Pirana have been changed to give a Hindu look, but actually Islam is being practiced. % n O A " . BC 9 = , $( dA S $ , = .

Series 3

Akhand Diva (Eternal Light) lit at Pirana is a symbol of Noor, which according to Islam is the source of Kuran and many other Islamic beliefs. $ ( '8 " - $( ÂŁ ' S = .

10)

Series 4

How fundamental objects of Hindu faith, like, Brahmin, Cow, Veda, Temple, Idol, etc have been corrupted so that people can been easily converted to Islam. BC wx A1 b 9 Â? Â&#x17E;(, 7 ,, , , ? K n 7 Â?j

11)

Series 4

Atharv Ved means KURAN, in Satpanth #$] " & ÂŁ

12)

Series 1,2,3,4

Nishkalanki Narayan means ALI Brahma means Prophet Mohammad Adhya Shakti means Bibi Fatima, Wife of ALI j ,( k "

dA 7& 8 ,Â¤ = .

Â?Â&#x17E; l $Â§7l' "M, D@Z ' ' Y , " $#

Now to support / boost our shared ndings so far, I am presen ng before you the book published by none other than Pirana. It is tled â&#x20AC;&#x153;Bhankheli Pooja Vidhi Tatha Gyanâ&#x20AC;? by Piranaâ&#x20AC;&#x2122;s then religious head Kaka Saheb Savji Ramji. 4$ ( '8 *$ O A , 9 $ ( ' $ = , ? ÂŁ ÂĽ . * O A S

= â&#x20AC;&#x153; !"# # $ â&#x20AC;? " = $ ( % &'( % ) ). Satpanthis vehemently try to deny that Satpanth is not a muslim religion. Itâ&#x20AC;&#x2122;s a Hindu religion. However their own rituals contain prayer to Allah, Ali, Bibi Fa ma, Noor and its importance. Some Satpanthis deny the existence of such book and they do so because of Taqiyya. #$] b D * , = $ ? % & . BC % & = . $( $

D %b "a , " , ' ' Y , S K # = . ? #$] b $( = * - O @A = . $( , S M, 2D $ =8 ( . This book exposes the hidden agenda of Satpanthis. * Â¨ ' #$] b $ * O A = . I have uploaded the whole book here h p://issuu.com/pa dar/docs/series_5_-pirana_pooja_vidhi_ and_gnyan_-d or h p://issuu.com/pa dar Please note you can download the book to your computer also. * v O K(& O A 8D . h p://issuu.com/pa dar/docs/series_5_-pirana_pooja_vidhi_ and_gnyan_-d " h p://issuu.com/pa dar % * : + , - . - # / 0 0 . Important discourses men oned in the above book worth men oning areâ&#x20AC;Ś $ % & dA 5 % . *: = "? # ? z b L ( = . SNO

Page No Continuous Page 11

Particulars Dasond Aapvani Jaroor ] *$: T = .

Continuous Page 43

Mukhiâ&#x20AC;&#x2122;s Kriya and Duva ? ÂŠ, " C b

$SU 30

KWWSV PDLO JRRJOH FRP PDLO "XL LN I F F H YLHZ SW VHDUFK

www.realpatidar.com com

ma mail@realpatidar.com 3)

Continuous Page 69

Names of Muslims to whom Duva is made ? C *

Continuous Page 84, 88, 107

Nishkalanki Narayan means ALI. 10th Avtaar means ALI ,( " = . / cÂŞ " " .

Continuous Page 85, 86, 117

Shakti Devi means Bibi Fatima, wife of ALI D@Z " ' ' Y , " $# .

Continuous Page 92, 143

Reference to Guptis. ÂŤÂŚ b 4a .

Continuous Page 95, 103, 111, 215 to 217, 226 to 228, 232 to 240

Prayer to ALLAH, KHUDA, Raheman, Mohammad, Murtuza Ali, Maula, Parvadigar & Ali's Descendents "a , U , , l , ? 1k & " , ÂŹ , $ 7 "

Continuous Page 149

Importance of FRIDAY and Moon R ÂŠ "

Â # .

Continuous Page 153 & 154

What is midnight Duva How and When to do NAMAZ in midnight _ C *.

10)

Continuous Page 154 to 160

Kalma and its meaning and how to pray to ALLAH 8 ' " "a O K2 .

11)

Continuous Page 174, 177

Birth of NOOR. S K 4 $ s

12)

Continuous Page 179, 209

Story of birth of NOOR. (which is a Islamic symbol) dA S K # " 4 $ s & .

13)

Continuous Page 230

4 Veds â&#x20AC;&#x201C; 4 Books of Islam came to existence i â&#x20AC;&#x201C; i dA O @A 4 $ s

14)

Continuous Page 292

Qayamat, as Islamic element is followed. , , 9 dA , 4a .

15)

Continuous Page 339 to 346

KURAN is referred ÂŁ 4a .

" D O K2.

k ` " .

Thanks / *. Real Patidar / $ -----------------------------------------------------------------------------------------------------------------------------------------------------If you want to get emails in this subject to your inbox, please send a request to realpatidar@gmail.com Send me your friends' (from our community only) email ids, so that they can also start getting such emails in future. By doing so, you will help me in spreading the FACTUAL knowledge and awareness of satpanth ------------------------------------------------------------------------------------------------------------------------------------------------------

$SU 30

Pirana Pooja Vidhi & Gyan -Exposes Influence of Islam Series 5 -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------Pooja Vidhi Tatha Gyan Series 5 -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

patidar.com www.realp

mail@realp patidar.com

See how many mail@realpatidar.com times Allah is praised; this is

See How ALI is praised; this is not Hinduism -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------http://issuu.com/patidar Continuous Page 103 of 348 mail@realpatidar.com

Series 5 Pirana Pooja Vidhi & Gyan -Exposes Influence of Islam -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------Pooja Vidhi Tatha Gyan Series 5 -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

www.realp patidar.com

Shakti Devi atle Bibi Fatima

mail@realp patidar.com mail@realpatidar.com

www.realp patidar.com

mail@realpatidar.com mail@realp

10 Avtaar mail@realpatidar.com (Nishkalani) is ALI

www.realp patidar.com

mail@realp patidar.com mail@realpatidar.com NAMAZ

www.rea alpatidar.com

Story of birth ofmail@realpa f NOOR, aatidar.com the eternal light mail@realpatidar.com (Akhand Divo) kept at Pirana

www.realp patidar.com

mail@realp patidar.com mail@realpatidar.com

www.realp patidar.com

mail@realp patidar.com mail@realpatidar.com

.LUWL 'KZDM %HJLQLQJ RI 6DQDWDQ 0RYHPHQW 6HULHV Real Patidar Mail - Series 6 -Kirti Dhwaj -The begining of Sanatan Movement / n ... Page 1 of 1

ZZZ UHD DOSDWLGDU FRP RP PDLO#UHDOSDWLGDU FRP 5HDO 3DWLGDU PDLO#UHDOSDWLGDU FRP!

6HULHV .LUWL 'KZDM 7KH EHJLQLQJ RI 6DQDWDQ 0RYHPHQW # 1 4 Â±% % 56 5HDO 3DWLGDU PDLO#UHDOSDWLGDU FRP!

)UL $SU DW $0

* d , # ; Y ^ M, : Â¥ ;( ' *$ $ % & ' A % & Y E7 (&, ` " ( % * 9 8 8 = * $( K = N " ( D & n M A /, = 9 * = # ? z b L ( = c $ % & ` "$ , f % & ` $ = "$ , " ( h % &S O Â® E7 (&,

https://mail.google.com/a/realpatidar.com/?ui=2&ik=562de6d854&view=pt&cat=S... 17-May-2010 3DJH RI ZZZ UHDOSDWLGDU FRP PDLO#UHDOSDWLGDU FRP

.LUWL 'KZDM %HJLQLQJ RI 6DQDWDQ 0RYHPHQW 6HULHV

Z UHDOSDWLGDU FRP PDLO#UHDOSDWLGDU F FRP ZZZ

7KLV GRFXPHQW LV RI WKH \HDU

3DJH RI ZZZ UHDOSDWLGDU FRP PDLO#UHDOSDWLGDU FRP

.LUWL 'KZDM %HJLQLQJ RI 6DQDWDQ 0RYHPHQW 6HULHV

)UL -DQ

'DWH RQ ZKLFK ZDV ZD HPEUDFHG

P O# PDL # 6DWSDQWK

)UL 2FW

3DJH RI ZZZ UHDOSDWLGDU FRP PDLO#UHDOSDWLGDU FRP

.LUWL 'KZDM %HJLQLQJ RI 6DQDWDQ 0RYHPHQW 6HULHV

Z UHDOSDWLGDU FRP PDLO#UHDOSDWLGDU F FRP ZZZ

3DJH RI ZZZ UHDOSDWLGDU FRP PDLO#UHDOSDWLGDU FRP

.LUWL 'KZDM %HJLQLQJ RI 6DQDWDQ 0RYHPHQW 6HULHV

Z UHDOS SDWL DW GDU FRP PDL PDLO#U O#U # HDOSDWLGDU F FRP ZZZ

'HF

5HDVRQ DQG 5DWLRQDOH IRU FRQYHUWLQJ WR +LQGXV

3DJH RI ZZZ UHDOSDWLGDU FRP PDLO#UHDOSDWLGDU FRP

.LUWL 'KZDM %HJLQLQJ RI 6DQDWDQ 0RYHPHQW 6HULHV

Z UHDOSDWLGDU FRP P PDLO#UHDOSDWLGDU F FRP ZZZ

%R\FRWW RI 6D\\HGV

6DQDWDQ 'KDUP LV HPEUDFHG

3DJH RI ZZZ UHDOSDWLGDU FRP PDLO#UHDOSDWLGDU FRP

.LUWL 'KZDM %HJLQLQJ RI 6DQDWDQ 0RYHPHQW 6HULHV

Z UHDOSDWLGDU FRP PDLO#U # HDOSDW S LGDU F FRP ZZZ

3DJH RI ZZZ UHDOSDWLGDU FRP PDLO#UHDOSDWLGDU FRP

.LUWL 'KZDM %HJLQLQJ RI 6DQDWDQ 0RYHPHQW 6HULHV

Z UHDOSDWLGDU FRP PDLO#UHDOSDWLGDU F FRP ZZZ

3DJH RI ZZZ UHDOSDWLGDU FRP PDLO#UHDOSDWLGDU FRP

Pirana Satpanthni Pol Ane Satyano Prakash -Remaking History Series 7 --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

www.reaalpatidar.com com

mail@realpatidar.com Real Patidar <mail@realpatidar.com>

Series 7 Re-making of History / # & % 7 Real Patidar <mail@realpatidar.com>

Fri, Apr 30, 2010 at 12:33 PM

! J, $ % & ÂĽ $ *$ "#, ' = ÂŻ #, ; = Itâ&#x20AC;&#x2122;s a factual history that the present samaj has been formed by segregating from the satpanth samaj. * ' $ " , 8 8 , *7 N Y " ? Â° " "; $ ( # $ $ " #, L D O A

D D Part 1 of 2: satpanthni_pol_ane_s

http://issuu.com/patidar/docs/series_7_ part_1_of_2_ pirana_

Part 2 of 2: satpanthni_pol_ane_s

http://issuu.com/patidar/docs/series_7_ part_2_of_2_ pirana_

Or http://issuu.com/patidar The book â&#x20AC;&#x153;Pirana â&#x20AC;&#x201C; Satpanthni Pol Ane Satyno Prakashâ&#x20AC;? (see the above link) clearly demonstrates the difficulties faced and the obstacles put before the leaders who were at the forefront of this movement. ? Â° " ? Âą b ( *7 B " Cy Â˛

www.reaalpatidar.com mail@realpatidar.com ZaÂŚ % , B " Cy Â˛ ZaÂŚ - #, *$ *M, 5 % 7( *7 7 $ Â&#x153; ? ` " U ' *ÂŚ, #, $= *$ * '

The obstacles put and difficulties faced, increased their morale, confidence and commitment of by the leaders who were at the forefront of this movement. The positive radiation of high morale, confidence and commitment won the hearts and minds of the common people and they started supporting these leaders. This successful movement led to the formation of the present samaj. * b " $( *9 d $ = * , = D $ * 2 y 9 *78 % ! = " ? Â° " ? Âą b ( B " Cy Â˛ ZaÂŚ U ' % 7- = 7 7 8 = " $ Â&#x153; ? = *$ d ; * 7- = Today we miss those great leaders; however I foresee the history getting repeated. Fortunately today we have excellent forefront leaders, who are walking on the road shown by those great leaders. The obstacles put and difficulties faced by present leaders are no different than those faced by our great leaders, then. Similarly, the positive radiation of high morale, confidence and commitment has won the hearts and minds of the common people. People from villages to villages have started supporting these leaders *$ $( " * 2 y *$ *$ ,&ÂŠ L ( p fÂŞcÂŞ $ $ * D Â&#x153; $_ ' % ( ], *$ ; * 7, = Come" letâ&#x20AC;&#x2122;s support these leaders who have taken the goal of pursuing the good work. Please make yourselves available before the date of pre decided the program i.e., before 07 May 2010. Time has come to incorporate the White Paper into the constitution of our samaj. $

The whole book can also be downloaded from; http://www.scribd.com/doc/31395343/Series-7-Pirana-Satpanth-NiPol-Ane-Satya-No-Prakash

0D\ -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------Page 2 of 2 www.realpatidar.com mail@realpatidar.com

6FKRRO %RRNV RQ ,PDP 6KDK V 5HOLJLRQ 6HULHV 5HDO 3DWLGDU 0DLO 6HULHV 6FKRRO %RRNV RQ ,PDP 6KDK V 5HOLJLRQ - D 3DJH RI

GDU FRP PDLO#UHD DOSDWLGDU FRP ZZZ UHDOSDWLG 5HDO 3DWLGDU PDLO#UHDOSDWLGDU FRP!

6HULHV 6FKRRO %RRNV RQ ,PDP 6KDK V 5HOLJLRQ 8 0 & 0 9 5HDO 3DWLGDU PDLO#UHDOSDWLGDU FRP!

6DW 0D\ DW 30

% & ! Q (' b" ' ( ) * % +

, ) - / ! , 01 / ! !- 2 / 2 3 - * / , " ! + + / / , * " & ! * q, cf % ( O @A . , AÂ£y ' h . dA S *7

Â³U = - D $ ( 8 " 9 ? @A D, L , " (' b dA Y /, , + 4( , ! O A $ ih 5 ! + 6 , - ! * / 7 + , ) - " ! " , 3 -

3 + + 9 2(: 1 - D % & , = "

0D\

3DJH RI ZZZ UHDOSDWLGDU FRP PDLO#UHDOSDWLGDU FRP

6FKRRO %RRNV RQ ,PDP 6KDK V 5HOLJLRQ 6HULHV 5HDO 3DWLGDU 0DLO 6HULHV 6FKRRO %RRNV RQ ,PDP 6KDK V 5HOLJLRQ - D 3DJH RI

GDU FRP PDLO#UHD DOSDWLGDU FRP ZZZ UHDOSDWLG - $( 9 * ' O K 2( = " E7 A &" 9 $ยง " " ' 2 2( *$ u $ , - 8 , ! 9 ! : " - 6HULHV 6FKRRO %RRNV RQ ,PDP 6KDK V UHOLJLRQ ' SGI 10 &

0D\

3DJH RI ZZZ UHDOSDWLGDU FRP PDLO#UHDOSDWLGDU FRP

6FKRRO %RRNV RQ ,PDP 6KDK V 5HOLJLRQ 6HULHV

DOSD DOS DWL WLLGDU GDUU FR F FRP FR P P PD PDL DL DLO#U #UUHD # HD HDOSDW DOOSDW SD S DW D LGDU FRP ZZZ UHD

3DJH RI ZZZ UHDOSDWLGDU FRP PDLO#UHDOSDWLGDU FRP

6FKRRO %RRNV RQ ,PDP 6KDK V 5HOLJLRQ 6HULHV

DOS D OS SDWL DWLLGD GD DUU FR FRP PDL FR PDLO# O#U O# #UHD #U HD DOOOSD SDW SD SDW DWLGDU FRP ZZZ UHD

6WDQGDUG %RRN

6WDWH *RYHUQPHQW 6FKRRO %RRN

3DJH RI ZZZ UHDOSDWLGDU FRP PDLO#UHDOSDWLGDU FRP

6FKRRO %RRNV RQ ,PDP 6KDK V 5HOLJLRQ 6HULHV

DOOS D OSDW DWLLGDU GDU DUU FR FR RP PDL PD D O#U # HDOSD HD DOOS SDW DWWLGDU FRP ZZZ UHD

3DJH RI ZZZ UHDOSDWLGDU FRP PDLO#UHDOSDWLGDU FRP

6FKRRO %RRNV RQ ,PDP 6KDK V 5HOLJLRQ 6HULHV

DOS OSDWL SDWL DWLG GDU FR GDU FR FRP PD FRP PDLO# O#UUHD HDOSD HDO SD S DWLGDU FRP ZZZ UHD

3DJH RI ZZZ UHDOSDWLGDU FRP PDLO#UHDOSDWLGDU FRP

6FKRRO %RRNV RQ ,PDP 6KDK V 5HOLJLRQ 6HULHV

DOS OSDWLLGDU GD GD DUU FR F F FR RP PD P O#U PDL # HDO #U HDOSD HD SDW SD DWWLGDU FRP ZZZ UHD

3DJH RI ZZZ UHDOSDWLGDU FRP PDLO#UHDOSDWLGDU FRP

6FKRRO %RRNV RQ ,PDP 6KDK V 5HOLJLRQ 6HULHV

DOS DOSDWL DOS OSDWLGDU LGDU FR RP PDL PD O#U PD #UUHDO # HD DOOSDW D SDWWLGDU FRP ZZZ UHD

3DJH RI ZZZ UHDOSDWLGDU FRP PDLO#UHDOSDWLGDU FRP

6FKRRO %RRNV RQ ,PDP 6KDK V 5HOLJLRQ 6HULHV

DOS SD DWL WWLLLGD GDU GD G DU DU FR FR F RP PDLO#UHDOSDWLGDU FRP P ZZZ UHD

,PDP 6KDK RI 3LUDQD 6KLD 6HFW 7ULHG WR FRQYHUW .XQELV WR ,VODP

3DJH RI ZZZ UHDOSDWLGDU FRP PDLO#UHDOSDWLGDU FRP

6FKRRO %RRNV RQ ,PDP 6KDK V 5HOLJLRQ 6HULHV

DOS DOS O DWL D LGDU DW GD FR FRP P PDL D O#U DL O# #UH #UHD #U HDO HD DS SDW SD DWLGDU FRP ZZZ UHD

3DJH RI ZZZ UHDOSDWLGDU FRP PDLO#UHDOSDWLGDU FRP

6FKRRO %RRNV RQ ,PDP 6KDK V 5HOLJLRQ 6HULHV

DOS DOS OSDWL DWLGDU GDU FR GDU FR FR F RP PDL PDLLO#U O# # HDO #U HDOSD HD SDW S DWWLGDU FRP D ZZZ UHD

3DJH RI ZZZ UHDOSDWLGDU FRP PDLO#UHDOSDWLGDU FRP

6FKRRO %RRNV RQ ,PDP 6KDK V 5HOLJLRQ 6HULHV

DOS SDWL D G GDU DU F FRP PD PDL DLO#U DL O#U O#UH # HDO DOSDW SDWWLGDU FRP S ZZZ UHD

3DJH RI ZZZ UHDOSDWLGDU FRP PDLO#UHDOSDWLGDU FRP

6FKRRO %RRNV RQ ,PDP 6KDK V 5HOLJLRQ 6HULHV

DOSDWLGD DOSDWL GDU DUU FRP D FR RP PDLO#U # HDO #U DOOS SDW DW DWLGDU FRP ZZZ UHD

3DJH RI ZZZ UHDOSDWLGDU FRP PDLO#UHDOSDWLGDU FRP

6FKRRO %RRNV RQ ,PDP 6KDK V 5HOLJLRQ 6HULHV

DOS SDWL D GDU GD FR FRP P PDL PD O#U O HD O# DOSDW DWWLGDU FRP DWL ZZZ UHD

3DJH RI ZZZ UHDOSDWLGDU FRP PDLO#UHDOSDWLGDU FRP

6FKRRO %RRNV RQ ,PDP 6KDK V 5HOLJLRQ 6HULHV

DOSDWWL WLGD GDU FR RP PDL PD D O#U # HDO DOOSDWLGDU FRP D ZZZ UHD

3DJH RI ZZZ UHDOSDWLGDU FRP PDLO#UHDOSDWLGDU FRP

Comparison of some Atharv Ved Shlok Series 9 --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

5HDO 3DWLGDU 0DLO 6HULHV &RPSDULVRQ EHWZHHQ 6DWSDQWK $WKDUY 9HG D

www.realpatidar.com

mail@realpatidar.com

5HDO 3DWLGDU PDLO#UHDOSDWLGDU FRP!

5HDO 3DWLGDU PDLO#UHDOSDWLGDU FRP! To: Real Patidar <mail@realpatidar.com>

6XQ 0D\ DW $0

3OHDVH OHW PH NQRZ LI \RX KDYH QRW JRW DQ\ RI WKH HPDLOV IURP 6HULHV WR 6HULHV E\ PDLOLQJ PH RQ PDLO#UHDOSDWLGDU FRP . -b, $ % & " & ( $ " & ) _ S ( " & ; BC % & " & ( BC " & ) _ S " & ; C = . Atharv Ved followed by Satpanth (Satpanth Atharv Ved) has explained the meaning of shloks in a way not in-conformity with Original Hindu Atharv Ved followed by Hindus worldwide. "? Âą " " & ; ('Â´ L ( ) * email Âľ ÂĽ . Link 1: h p://issuu.com/pa dar/docs/atharv_ved_shlok_comparison_-d Link 2: h p://issuu.com/pa dar/docs/series_9_-a achment_-extract_of_relevant_pages_of Link 3: h p://issuu.com/pa dar/docs/series_9_-a achment_-photos_of_original_hindu_ath or h p://issuu.com/pa dar With this email I have a ached the comparison of the explana ons of few sloks from both the Atharv Veds. #, ' 2(D â&#x20AC;&#x153; $ " & â&#x20AC;? " â&#x20AC;&#x153; BC " & â&#x20AC;? u ;( Y = . â&#x20AC;&#x153; $ " & â&#x20AC;? BC " & Â˘A ' * , = . You will come to know that the â&#x20AC;&#x153;Satpanth Atharv Vedâ&#x20AC;? and â&#x20AC;&#x153;Original Hindu Atharv Vedâ&#x20AC;? are di erent. â&#x20AC;&#x153;Satpanth Atharv Vedâ&#x20AC;? is corrupted form of â&#x20AC;&#x153;Original Hindu Atharv Vedâ&#x20AC;? Note: â&#x20AC;&#x153;Satpanth Atharv Vedâ&#x20AC;? is sourced from the o cial website of Satpanth viz., www.satpanth.org $ / Real Pa dar -----------------------------------------------------------------------------------------------------------------------------------------------------------------------Please forward as many email address (of our samaj members) as possible to mail@realpatidar.com, in order to increase my reach and spread the awareness -------------------------------------------------------------------------------------------------------------------------------------------------------------------------

DWWDFKPHQWV

0D\ 30

5HDO 3DWLGDU 0DLO 6HULHV &RPSDULVRQ EHWZHHQ 6DWSDQWK $WKDUY 9HG D

www.realpatidar.com

mail@realpatidar.com 6HULHV $WKDUY 9HG 6KORN &RPSDULVRQ ' SGI 1615K 6HULHV $WWDFKPHQW ([WUDFW RI UHOHYDQW SDJHV RI 6DWSDQWK $WKDUY 9HG SGI 249K 6HULHV $WWDFKPHQW 3KRWRV RI 2ULJLQDO +LQGX $WKDUY 9HG 3DJHV SGI 2843K

0D\ 30

www.realpatidar.com

mail@realpatidar.com

ŽŵƉĂƌŝƐŽŶ ŽĨ ƐŽŵĞ ƚŚĂƌǀ sĞĚ ^ŚůŽŬƐ͙͘ ďĞƚǁĞĞŶ ^ĂƚƉĂŶƚŚ͛Ɛ ƚŚĂƌǀ sĞĚ Θ KƌŝŐŝŶĂů ,ŝŶĚƵ ƚŚĂƌǀ sĞĚ ͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲ

ϭ͘ ^ŚůŽŬ EŽ͗ ϭϴͬϮͬϯϰ ƵƚƚŝŶŐ ĨƌŽŵ ^ĂƚƉĂŶƚŚ͛Ɛ ƚŚĂƌǀ sĞĚ͗

ƵƚƚŝŶŐ ĨƌŽŵ KƌŝŐŝŶĂů ,ŝŶĚƵ ƚŚĂƌǀ sĞĚ͗

ͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲ NOTE: Shloks are same, but the interpretation is totally different and unrelated. 1. Interpretation by Satpanth Atharv Ved is related to Antim Sanskar (Bhumi Daha) 2. Whereas in Original Hindu Atharv Ved, nothing is mentioned about Antim Sanskar 3. As per Hindu Religion, Antim Sanskar Vidhi is covered in Yajur Ved (Adhyay No 39) and NOT in Atharv Ved.

www.realpatidar.com

mail@realpatidar.com

Ϯ͘ ^ŚůŽŬ EŽ͗ ϭϴͬϮͬϱϬ ƵƚƚŝŶŐ ĨƌŽŵ ^ĂƚƉĂŶƚŚ͛Ɛ ƚŚĂƌǀ sĞĚ͗

Shlok nu arth gathan alag karvama aavyun chhe.

ƵƚƚŝŶŐ ĨƌŽŵ KƌŝŐŝŶĂů ,ŝŶĚƵ ƚŚĂƌǀ sĞĚ͗

ͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲ

www.realpatidar.com

mail@realpatidar.com

ϯ͘^ŚůŽŬ EŽ͗ ϭϴͬϮͬϱϮ ƵƚƚŝŶŐ ĨƌŽŵ ^ĂƚƉĂŶƚŚ͛Ɛ ƚŚĂƌǀ sĞĚ͗

ƵƚƚŝŶŐ ĨƌŽŵ KƌŝŐŝŶĂů ,ŝŶĚƵ ƚŚĂƌǀ sĞĚ͗

www.realpatidar.com

mail@realpatidar.com

ϰ͘ ^ŚůŽŬ EŽ͗ ϭϴͬϰͬϰϴ ƵƚƚŝŶŐ ĨƌŽŵ ^ĂƚƉĂŶƚŚ͛Ɛ ƚŚĂƌǀ sĞĚ͗

ƵƚƚŝŶŐ ĨƌŽŵ KƌŝŐŝŶĂů ,ŝŶĚƵ ƚŚĂƌǀ sĞĚ͗

www.realpatidar.com

mail@realpatidar.com

ϱ͘ ^ŚůŽŬ EŽ͗ ϭϴͬϰͬϲϲ ƵƚƚŝŶŐ ĨƌŽŵ ^ĂƚƉĂŶƚŚ͛Ɛ ƚŚĂƌǀ sĞĚ͗

ƵƚƚŝŶŐ ĨƌŽŵ KƌŝŐŝŶĂů ,ŝŶĚƵ ƚŚĂƌǀ sĞĚ͗

Pirana Satpanth Kaka Appointment and Admin Rights Agreement Series 10 -------------------------------------------------------------------------------------------------------------------------------------------------------------------

5HDO 3DWLGDU 0DLO 6HULHV 3LUDQD 6DWSDQWK .DND $SSRLQWPHQW DQG $ 5HDO 3DWLGDU 0DLO 5HDO 3DWLGDU 6HULHV 3LUDQD 6DWSDQWK .DND $SSRLQWPHQW DQG $

www.realpatidar.com

mail@realpatidar.com

Real Patidar <mail@realpatidar.com>

Real Patidar <mail@realpatidar.com

Sat, May , 2010 at : $M

; % " % - , + ! &%&% < = > , / -- * / ) > Âś ( Â§, - D ' ] u , * = $ + 0? ; 0A1B * cp cf cÂˇfm * = $ + , , & , * < " D 4a = 0C + + ' - ' - , + ! , !- , *. * $

,@Z = $ 3 D : , - 8 , ! 9 ! : -

Series 10 -Pirana Satpanth Kaka Appointment and Admin Rights Agreement -D.pdf 41A&

0D\ 30

www.realpatidar.com

mail@realpatidar.com

Pirana Kaka Appointment & Admin Rights Agreement Between Kaka Ramji Laxman of Aral And Legal Heirs of Sayyed Imam Shah Bava Dated 17 Dec 1925

This document mentions the following important points: 1. Pirana Satpanth is not a religion, but a sect of a Muslim religion 2. It is on a Stamp Paper of Rs 15/3. Itâ&#x20AC;&#x2122;s an agreement entered at the time of appointment of a person to the post of KAKA 4. Kaka is responsible for keeping records of Dasond received and pass it on to Sayyeds 5. Sayyeds have right on Sukhadi 6. Other terms and conditions 7. Giving religious discourse is a business of Kaka and Sayyeds

a dar.com at www.realpati

mail@rrealpatidar.com

www.realpatidar.com patidar.com

mail mail@realpatidar.com

A Theatre Drama on our history & 19 families embraced Sanatan Dharm Series 11 -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------5HDO 3DWLGDU 0DLO 6HULHV $ 7KHDWUH 'UDPD RXU +LVWRU\ )DPLOLHV HPEUDFHG 3DJH RI

www.realpatidar.com

mail@reaalpatidar.com Real Patidar <mail@realpatidar.com>

Series 11 -A Theatre Drama our History & 19 Families embraced SanDtan Dharm. Real Patidar <mail@realpatidar.com> To: Real Patidar <mail@realpatidar.com>

Tue, May 18, 2010 at 8:21 PM

18-May-2010 Dear All, Below is the link of video of the famous theatre drama "Swarnim Na Sathvare Chalya Samarth Patidar" * email â&#x20AC;&#x153;A Â&#x; a, & $ â&#x20AC;? b( v Z : ÂĽ . http://dl.dropbox.com/u/7158647/SwarnimNaSathvareChalyaSamarthPatidar.avi This drama is on history of our samaj played at recent function at Nakhatrana. * *$ d = . The CDs of this Drama were in great demand. The file size is more than 900 MB, but the drama is worth downloading. * CD U ' 7 = . * File Size 900 MB 3 = $( > 9 * = .

LATEST NEWS: After our samaj's funtion ended on 12th May, 2010, hearing the innver voice of their spirits, 19 families of Gadani Village had shed Satpanth Dharm (Religion) and have embraced Sanatan Dharm (Religion). 2 : . cf-ÂŞm-fÂŞcÂŞ " % D O K(& , $= 7 7 ( cÂˇ $ , >U D , $ *# * . 8 , $ % & V *$ % & E7 ,Â¤ = . Real Patidar To fully understand the contents of this email, you may be required to read email with "Series 1" in the subject line. See here for Series 1 email: http://issuu.com/patidar/docs/series_1_-covering_email_contents -----------------------------------------------------------------------------------------------------------------------------------------------------------------------To know more visit http://issuu.com/patidar or send a request-mail to mail@realpatidar.com Please forward as many email address (of our samaj members) as possible to mail@realpatidar.com in order to increase the reach and spread the awareness -------------------------------------------------------------------------------------------------------------------------------------------------------------------------

0D\

A Theatre Drama on our history -Video Download Link Series 11 A -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------5HDO 3DWLGDU 0DLO 6HULHV $ $ 7KHDWUH 'UDPD RQ RXU +LVWRU\ )DPLOLHV HPEUD 3DJH RI

mail@rea alpatidar.com

www.realpatidar.com Real Patidar <mail@realpatidar.com>

Series 11A -A Theatre Drama on our History & 19 Families embraced SanDtan Dharm. Real Patidar <mail@realpatidar.com> To: Real Patidar <realpatidar@gmail.com>

Thu, May 20, 2010 at 7:23 AM

20-May-2010 Dear All, Thank you for the tremendous response to my Series 11 email. I had never thought that there would be so many people wanting to down load the file that the server will become overload.

pÂ¸ ' A Â¸L j Â¸*$ Â°Â¸ Fk pÂ¸%], . * Â¸'% Â¸ Â¸*Â¸ b pÂ¸download DpÂ¸ Â°Â¸9 jÂ¸server b Â¸ Â¸ -Â¸ DpÂ¸ Â¸" pÂ¸ a$ Â¸ jÂ¸ Â&#x17D;. We have made alternative arrangement to download the file and to make it easy, we have divided the video into five parts. You can download video or alternatively view online also. 3kÂ¸ Â¸* j jÂ¸ bÂ¸download Â&#x17D;Â¸D Â°Â¸ pÂ¸ Â°Â¸" Â¸ q j Â¸download link j pÂ¸ ( p Â¸=p . *Â¸ bÂ¸mÂ¸. 7Â¸ Â¸' Â&#x17D;Â¸ pÂ¸" 7Â¸" 7Â¸ Ó&#x201E; Â¸*$jÂ¸=p . pÂ¸*Â¸ Â° b pÂ¸download Â° Â¸D D Â¸ p Â¸online $(Â¸ -Â¸D D . The links to the files are; Part 1 - http://www.4shared.com/video/YsaqdtSS/Swarnim_Na_Sathvare_Chalya_Sam.html Part 2 - http://www.4shared.com/video/2qYUJ_J0/Swarnim_Na_Sathvare_Chalya_Sam.html Part 3 - http://www.4shared.com/video/papKVsHN/Swarnim_Na_Sathvare_Chalya_Sam.html Part 4 - http://www.4shared.com/video/FuUpuk8G/Swarnim_Na_Sathvare_Chalya_Sam.html Part 5 - http://www.4shared.com/video/TLOz4O-j/Swarnim_Na_Sathvare_Chalya_Sam.html Thank you, once again, for overwhelming response to my mails. Y Â&#x17D;Â¸ , Â¸L Â¸*$ Â°, Fk pÂ¸%], . Real Patidar To fully understand the contents of this email, you may be required to read email with "Series 1" in the subject line. See here for Series 1 email: http://issuu.com/patidar/docs/series_1_-covering_email_contents -----------------------------------------------------------------------------------------------------------------------------------------------------------------------To know more visit http://issuu.com/patidar or send a request-mail to mail@realpatidar.com Please forward as many email address (of our samaj members) as possible to mail@realpatidar.com in order to increase the reach and spread the awareness -------------------------------------------------------------------------------------------------------------------------------------------------------------------------

---------- Forwarded message ---------From: Real Patidar <mail@realpatidar.com> Date: 2010/5/18 Subject: Series 11 -A Theatre Drama our History & 19 Families embraced Santan Dharm. To:

0D\

mail@rea alpatidar.com

www.realpatidar.com 18-May-2010 Dear All, Below is the link of video of the famous theatre drama "Swarnim Na Sathvare Chalya Samarth Patidar" *Â¸email pÂ¸â&#x20AC;&#x153;A Â&#x2DC; Â¸ Â° Â¸ a, Â¸ Â˝Â¸$ Â&#x17D; â&#x20AC;? Â¸ Â¸ b(jÂ¸ Ó&#x201E; Â¸ Z :kÂ¸5 ÂĽ5. http://dl.dropbox.com/u/7158647/SwarnimNaSathvareChalyaSamarthPatidar.avi This drama is on history of our samaj played at recent function at Nakhatrana. *Â¸ 5Â¸*$ Â¸ Â¸d jÂ¸ Â¸ Â¸=p . The CDs of this Drama were in great demand. The file size is more than 900 MB, but the drama is worth downloading. *Â¸ jÂ¸CD jÂ¸Uk'Â¸ 57Â¸=p . * jÂ¸File Size 900 MB jÂ¸ Â&#x17D;Â¸ 3kÂ¸=p Â¸$(Â¸ Â¸ Â¸> 9 Â¸*Â¸ Â¸=p .

LATEST NEWS: After our samaj's funtion ended on 12th May, 2010, hearing the innver voice of their spirits, 19 families of Gadani Village had shed Satpanth Dharm (Religion) and have embraced Sanatan Dharm (Religion). 2Â¸ : . cf-ÂŞm-fÂŞcÂŞÂ¸ Â¸ Â¸" % pD Â¸O l(Â˝Â¸ , Â¸$=Â&#x17D;Â¸7 Â¸7 (j Â¸cÂˇÂ¸$ , >UkDj j, $ Â¸*# jÂ¸* Â¸ 5. 8Â&#x17D; p, $5 Â¸% Â˝ pÂ¸ 5 V Â¸*$j pÂ¸ Â¸% Â˝ Â¸E7j Â¸ ,Â¤Â¸ =p . Real Patidar To fully understand the contents of this email, you may be required to read email with "Series 1" in the subject line. See here for Series 1 email: http://issuu.com/patidar/docs/series_1_-covering_email_contents -----------------------------------------------------------------------------------------------------------------------------------------------------------------------To know more visit http://issuu.com/patidar or send a request-mail to mail@realpatidar.com Please forward as many email address (of our samaj members) as possible to mail@realpatidar.com in order to increase the reach and spread the awareness -------------------------------------------------------------------------------------------------------------------------------------------------------------------------

0D\

Ek Sanatani Ni Man Ni Vyatha Series 12 -------------------------------------------------------------------------------------------------------------------------------------------------------------------

5HDO 3DWLGDU 0DLO 6HULHV (N 6DQDWDQL 1L 0DQ 1L 9\DWKD Â¸ j jÂ¸ j 3DJH RI www.realpatid dar.com

mail@rea alpatidar.com

Real Patidar <mail@realpatidar.com>

Series 12 -Ek Sanatani Ni Man Ni Vyatha -?D dWhSWjWj \WWj ĆĽ]Th Real Patidar <mail@realpatidar.com> To: Real Patidar <mail@realpatidar.com>

Sat, May 22, 2010 at 2:27 PM

This email is drafted in only in Gujarati language, because the contents of the attachment are in Gujarati and it was not possible for me to translate them into English. 22-May-2010 Â¸. -, Â¸ Â¸' Â° , ( 5Â¸ Â¸ Â¸$ Â° 5Â¸ Â¸ Â¸ Â¸$pl$ p Â¸* 0k,5 9Â¸*$ Â¸ Â¸ Â¸L ÂšjN Â¸ ,@Z Â¸ p Â¸=p . Â¸ ,@Z pÂ¸ Â˝ Â¸" pÂ¸$ j Â¸ Â¸ Â° Â¸ jÂ¸ Â¸Ck Â¸ Â¸ Â¸L,# 5, Â¸ ,@Z jÂ¸b8 Â¸ Â¸ ' Â¸$ Â°Â¸ Â¸ Â°Â¸ SkÂ¸ Â¸" p 5 Â¸b8 Â¸$pl$ p 5 jÂ¸ Â˛Â&#x17D;Â¸ p Â¸=p . "?k Â¸ Â¸ Â°Â¸=p Â¸ Â° Â¸*$ Â°Â¸ Â¸ -Â¸ Â¸*$ Â°Â¸ Â¸ . jÂ¸ Â¸ jÂ¸=p . -Â¸ jÂ¸ 1kÂ¸ j. 5 $(Â¸ $ Â¸' Â¸ Â¸'FkÂ¸ T Â&#x17D;Â¸=p . *$(pÂ¸. pÂ¸ ' Â¸ ,Â¸ Â°Â¸*$ Â°Â¸ = Â¸=Â&#x17D; Â¸" pÂ¸ -Â¸$(Â¸ 5 7 5Â¸"ÂŚ$ Â°Â¸ Â¸ ,Â¸ - pÂ¸' Â¸* Rk,5 ,Â¸$(, pÂ¸ Â°Â¸ Â¸_ Â¸ pÂ¸* 5_(Â¸*$:kÂ¸5 Â¸? l Â˝-Â¸=p , ' Ck Â&#x17D;Â¸ Ó&#x201E;. *$ Â°Â¸ , Â° Â¸'k 5Â¸ j /, Â¸ -Â¸" pÂ¸ Â&#x201E;7( Â¸ Â¸ Â&#x17D; pÂ¸ Â¸* Â¸ 7 jÂ¸.p 5 Â¸ Â° ,Â¸ Â¸RkÂ¸5 Â&#x17D; . #, Â° Â¸ Â¸"$ Â°Â¸ Â¸ Â&#x17D; Â¸ Â°Â¸*$ Â°Â¸ Â¸D Â&#x17D;Â¸=Â&#x17D; , " pÂ¸"$ Â°Â¸ Â¸.p pÂ¸ -Â¸ jYÂ¸*$jÂ¸ j, pÂ¸"$ Â°Â¸ 5 Â¸` Â° ,Â¸ Â¸=Â&#x17D; Â¸ Â¸*$ Â°Â¸ Â¸ , " pÂ¸.p Â¸ pÂ¸ - Â¸ Â¸ Â¸*$ Â&#x17D;Â¸?k Â˝ Â¸ Â° ,. ( Â°Â¸ 7 jÂ¸.p Â¸ jÂ¸ Â¸ Â°Â¸ pÂ¸X. Â¸ 5 jÂ¸ (Â¸D Â&#x17D;Â¸=p Â¸" pÂ¸ (Â¸ 5 Â&#x17D;Â¸=p . Â¸ ,Â¸$ Â¸' Â¸ Â¸ Â&#x17D;Â¸" pÂ¸' Ck Â&#x17D;Â¸=p . * Â¸ (Â¸ Â¸FkÂ¸5 $(Â¸ Â&#x17D;Â¸b8 Â¸' Â¸$ Â¸ j. *78Â¸ %j Â¸" pÂ¸$pl$ p jÂ¸ Â¸ Â&#x17D; . $pl$ p Â¸ Â¸. - Â¸Uk'Â¸I Â&#x17D;Â¸ Â¸ jÂ¸=p . Â¸ 87 Â¸ LD jÂ¸ Â¸ Â&#x17D;Â¸=p . el5 5Â¸ Â&#x17D; Â¸ Â¸ p 5Â¸ Â¸ jÂ¸. - jÂ¸ jÂ¸ , Â¸ D Â˝ p Â¸=p . $pl$ p Â¸ j pÂ¸?k 'Â¸ jÂ¸ Â¸" pÂ¸ Â¸ Â° Â¸ ,@Z Â¸ Â°Â¸ Â¸9 jÂ¸ Â¸ jÂ¸=p ; c. jÂ¸ jÂ¸@A . f. Â¸" pÂ¸% Â˝Â¸ pÂ¸" 7Â¸ Â&#x17D; pÂ¸ Â¸ -Â¸D ,. h. $5 Â¸ 5Â¸ jÂ¸ Â&#x17D;Â¸ Â¸ Âş, Â¸ Â¸ . i. Âť2Â¸ 8 b jÂ¸ . m. Â&#x201E;Ck Â¸D ÂźÂ¸" pÂ¸ $5 Â¸D Âź. o. * Â¸ 87 Â¸ 5 jÂ¸4 . Â¸"?k Â¸ . k Â¸ Â° jÂ¸(attached) Y - Â¸" Â¸*Â¸ Ó&#x201E; : http://issuu.com/patidar/docs/series_12_ek_sanatani_ni_man_ni_vyatha_-d Â&#x17D;Â¸ ?kÂ¸ Fk pÂ¸ Â¸" Â¸=p Â¸ Â°Â¸$ Â° jÂ¸ 5, $pl$ p Â¸ - p, Â¸ 5 8 Â¸9:kÂ¸5 7pDp, $(Â¸ 5 D Â¸ Â¸ Â¸9 jÂ¸;(jÂ¸'%jÂ¸ Â¸=p . Uka Â¸ 5 jÂ¸D 5 jÂ¸ 5 D Â¸ Â¸ 5 j. dWhSW V\Â˝Wj K]. Â¸$ Â&#x17D; Â¸/ Real Patidar

To fully understand the contents of this email, you may be required to read email with "Series 1" in the

0D\

5HDO 3DWLGDU 0DLO 6HULHV (N 6DQDWDQL 1L 0DQ 1L 9\DWKD Â¸ j jÂ¸ j 3DJH RI www.realpatid dar.com

mail@rea alpatidar.com subject line. See here for Series 1 email: http://issuu.com/patidar/docs/series_1_-covering_email_contents -----------------------------------------------------------------------------------------------------------------------------------------------------------------------To know more visit http://issuu.com/patidar or send a request-mail to mail@realpatidar.com Please forward as many email address (of our samaj members) as possible to mail@realpatidar.com in order to increase the reach and spread the awareness -------------------------------------------------------------------------------------------------------------------------------------------------------------------------

Series 12 -Ek Sanatani Ni Man Ni Vyatha -D.pdf 474K

0D\

www.realp pati a dar d .com m

?D dWhSWj [h:Wj \WWj ƥ]Th

mail@realpa atidar.com mail@realpatidar.com

d\hKWj eh_Wj ƨTiS

d\hK 7Wp V\½ Wp 7_F D^ Wp Wh Ks: bDh]

dSX5TWh eS\h5 TSj EsN STh i\Ƙ]h KWD ahSs

www.realp pati a dar.co com

ma l@realpa mai atidar.com mail@realpatidar.com

ӘĤ ah`hBWj NDs^

e ȳk bhĘ 7Wp dSX5T bhĘ

;U[aSh 7ȺkD dah_s

Taqiyya and its use by Pirana Series 13 & 13A -------------------------------------------------------------------------------------------------------------------------------------------------------------------------

atidar.com www.realpa

5HDO 3DWLGDU 0DLO 6HULHV 7DTL\\D DQG LWV XVH E\ 3LUDQD 6DWSDQWK

3DJH RI mail@realp patidar.com

Real Patidar <mail@realpatidar.com>

Series 13 -Taqiyya and its use by Pirana Satpanth Real Patidar <mail@realpatidar.com> To: Real Patidar <mail@realpatidar.com>

Sat, May 29, 2010 at 11:59 PM

29-May-2010 Dear All, The act of hacking my email address (http://issuu.com/patidar/docs/oe3_-imam_shah_bava_ sathe_ni_varta_laap) by some Satpanthis, inspired me to write about TAQIYYA and how Pirana Satpanth has used it for safeguarding its interests. TsPh Uad Xe°_h5 \h^h email id Wp hack D^ahWh GNWhTj (http://issuu.com/patidar/docs/oe3_imam_shah_bava_sathe_ni_varta_laap) \Wp Sh D]h 7Wp SpWs dSX5TjB Ďh^h Sp\Wh Yh]Uh \hN° D^ah\h5 8aSs ;X]sF X^ _EahWj ̆p^Rh \` .

127( 7KHUH DUH IUHVK DQG FRQWLQXRXV DWWHPSW WR KDFN P\ HPDLO LG DUH VWLOO VHHQ WҭV: \h^h emailͲid Wp hack D^ahWh ShĤ 7Wp dSS ̆]hds Ihɀk Jp . To know... 1. what Taqiyya is? 2. how it is practised? and 3. what are the dangers of Taqiyya? see the attachement or follow the link below; http://issuu.com/patidar/docs/series_13_-taiqyya_and_its_use_by_pirana_satpanth

0D\

atidar.com www.realpa

5HDO 3DWLGDU 0DLO 6HULHV 7DTL\\D DQG LWV XVH E\ 3LUDQD 6DWSDQWK

3DJH RI mail@realp patidar.com

----------------------------To know more visit http://issuu.com/patidar or send a request-mail to mail@realpatidar.com Please forward as many email address (of our samaj members) as possible to mail@realpatidar.com in order to increase the reach and spread the awareness -------------------------------------------------------------------------------------------------------------------------------------------------------------------------

Sereis 13 -Taiqyya and its use by Pirana Satpanth -D.pdf 929K

0D\

atidar.com www.realpa

5HDO 3DWLGDU 0DLO 6HULHV $ 7DTL\\D /LQN WR GRZQORDG WKH YLGHR Sh D]h ia P

3DJH RI mail@realp patidar.com

Real Patidar <mail@realpatidar.com>

Series 13A -Taqiyya -Link to download the video / Sh D]h

-ia PB download D^ah \hN°Wj _ӄD Real Patidar <mail@realpatidar.com> To: Real Patidar <mail@realpatidar.com>

Wed, Jun 2, 2010 at 10:17 AM

02 Jun 2010 Dear All, We are greately humbled by your responses. S\h^h response ah5IjWp 7\Wp ZɆk 8W5U T]s We are getting requests in large numbers to provide us a link from where people can download the video on taqiyya. ZɆk \sN d5Ɖ]h\h5 _sDsWj \h5F Jp D° Sp\Wp Sh D]h ia PB download D^ah\hN° d^` _ӄD Ks:? Jp . In case you are interested in downloading the video, please visit Sp\Wh \h5FWp \hW 8XjWp ia PB download \hN°Wj _ӄD Jp .... http://taqiyya.4shared.com/ Kindly let me know incase you require more information. aȴk \e Sj \hN° \Wp :-\p_ Dh^s Real Patidar To fully understand the contents of this email, you may be required to read email with "Series 1" in the subject line. See here for Series 1 email: http://issuu.com/patidar/docs/series_1_-covering_email_contents -----------------------------------------------------------------------------------------------------------------------------------------------------------------------To know more visit http://issuu.com/patidar or send a request-mail to mail@realpatidar.com Please forward as many email address (of our samaj members) as possible to mail@realpatidar.com in order to increase the reach and spread the awareness -------------------------------------------------------------------------------------------------------------------------------------------------------------------------

---------- Forwarded message ---------From: Real Patidar <mail@realpatidar.com> Date: 2010/5/30 Subject: Series 13 -Taqiyya and its use by Pirana Satpanth To: 29-May-2010 Dear All,

-XQ

atidar.com

5HDO 3DWLGDU 0DLO 6HULHV $ 7DTL\\D /LQN WR GRZQORDG WKH YLGHR Sh D]h ia P

3DJH RI mail@realp patidar.com

The act of hacking my email address (http://issuu.com/patidar/docs/oe3_-imam_shah_bava_ sathe_ni_varta_laap) by some Satpanthis, inspired me to write about TAQIYYA and how Pirana Satpanth has used it for safeguarding its interests. TsPh Uad Xe°_h5 \h^h email id Wp hack D^ahWh GNWhTj (http://issuu.com/patidar/docs/oe3_imam_shah_bava_sathe_ni_varta_laap) \Wp Sh D]h 7Wp SpWs dSX5TjB Ďh^h Sp\Wh Yh]Uh \hN° D^ah\h5 8aSs ;X]sF X^ _EahWj ̆p^Rh \` .

Sh D]h Ƀk 5 Jp ? SpWp Dia ^° Sp Xh`ah\h5 8ap Jp ? ShD ]hTj Ƀk 5 ES^s Jp ? ĤRah \hN° attachment ȩk as 7Tah link X^ click Dh^s http://issuu.com/patidar/docs/series_13_-taiqyya_and_its_use_by_pirana_satpanth I am sure the readers of this attachment will have some thing to think about the message I have tried to give in this email/attachment. \Wp Eh́j Jp D° 8 email Wp ah5IWh^ Wp D: iaIh^ah Ȑas d5U°b 8 email/attachment \h5 Sp\Wp \`bp. Thanks for your patience in reading the attachment. d\] DhQ Wp attachment ah5Iah S\h^s 8[h^ Real Patidar To fully understand the contents of this email, you may be required to read email with "Series 1" in the subject line. See here for Series 1 email: http://issuu.com/patidar/docs/series_1_-covering_email_contents -----------------------------------------------------------------------------------------------------------------------------------------------------------------------To know more visit http://issuu.com/patidar or send a request-mail to mail@realpatidar.com Please forward as many email address (of our samaj members) as possible to mail@realpatidar.com in order to increase the reach and spread the awareness -------------------------------------------------------------------------------------------------------------------------------------------------------------------------

-XQ

atidar.com www.realpa

5HDO 3DWLGDU 0DLO 6HULHV $ 7DTL\\D /LQN WR GRZQORDG WKH YLGHR Sh D]h ia P

3DJH RI mail@realp patidar.com

Sereis 13 -Taiqyya and its use by Pirana Satpanth -D.pdf 929K

-XQ

29-May-2010

What is Taqiyya? and how is it used by Pirana Satpanth mail@realpatidar.com Sh D]h Ƀ5 J?? 7Wp W Xj^hRh dSX5T? Sp SWs ^ S S Dh]Ҵ Dh]ҴҴ Jp Jp Ƀ 5k Jp Ws ;X]sF D°aj ^ Sp

www.realpatidar.com

Many times we hear that Pirana Satpanth uses Taqiyya for its benefit and to protect its interest. To understand what Taqiyya is, please visit the YouTube link of the video prepared by preachers of christianity. Apart from the obvious message to adopt christianity, this slide gives very good knowledge of taqiyya and how islam has used taqiyya to promote islam in its war of Jihad. GRj aES 7XP° dh5[ƤȻk5 ebp D° Xj^hRh dSX5T XsShWh Yh]Uh \hN° 7Wp XsShWs V\½ aVh^\h5 \hN° ShD ]hWs ̆]sF D^° Jp . Sh D]h Ƀk5 Jp ? ĤRah \hN° WjIp KRhap_ YouTube _ӄD ȩkas, Ȑ\h5 ˲ ƨIW V\½Wh ̆Ih^Ds Ďh^h ZWhap_ ia PB Jp . ˲ ƨIW V\½Wh ̆Ih^ Wh d5U°b ibah] Sh D]h X^ ZɆk d^d \h eS 8Xp_ Jp 7Wp Ⱥkd_\hWs Ďh^h ĥehUWh _Ph: \h5 ShD ]hWs D°as ;X]sF Dh]Ҵ Jp SpWh X^ \h eSj 8Xp_ Jp . http://www.youtube.com/watch?v=KEC11YJ2oCk or alternate link http://taqiyya.4shared.com

Some of the important points mentioned in the slide, worth taking note of are; 8 ia PB\h5 WҭV X́ \h eSj / ƨ_h:P WjIp ̆\hRp Jp ; 1. Islam’s greatest weapon of Jihad (is taqiyya) 9ƨ_h\Ws, KehU \hN°ȵ,k5 \sNh\h5 \sȬk5 eiT]h^ (Jp Sh D]) 2. Taqiyya literally means “Concealing, precaution, guarding” Sh D]h bƞU Ws \S_Z Jp “ȤkƜS ^hEɂk,5 ĠXhɂk,5 dhaIpSj, ^ëR” D^ɂk.5 3. Taqiyya has been used by Muslims since the 7th century to confuse, confound and divide ‘the enemy’, to conquer them and make them submit to Islam 5 l aah, ȺL 5 l aah ӔWp ȳkƦ\WWh Ⱥkd_\hWs, ShD ơ]h ahX^ Wp, \j dU Tj Sp\Wh ȳkƦ\WWp ȤI [hF_h XP “ȳkƦ\W” X^ iaK] \pàajWp 7Wp 9ƨ_h\ Dȸk_ Dâh \Kȸ l^ D^° Jp . 4. This works because most people cannot imagine, having a god that embraces lies and deception ?D ?as [FahW es] Ȑ ȩkOhȰk5 7Wp Jp S^XӄP Wp ӔFjDh^ D^Ss es] ? _sDsWh DƣXWhWj Zhe^Wj ahS esahTj, Sh D]h XsShȵk5 Dh\ D^ Ĥ] Jp 5. After all, a man’s word is his honour, in the western world. \hRdWj dhIj D \S ?Wj ȩkZhW Tj Th] Jp . 6. Lying in islam, has nothing to do with morals or values. Its all about spreading Islam and safeguarding yourself while doing so. 9ƨ_h\\h5 EsȬk5 Zs_ɂk5 ? \hRdWh WqiSD 7Wp dqVh5iSD Ⱥ lƣ]sTj D: _pɂ k5 U° ɂ k5 WTj. ?\h5 Ss ?NɀkK 5 Jp D° YƈS :ƣd\ Ws ̆Ih^ 8Wp ? D^Sj aESp XsShWs ZIha Dâs. ------------------------------------------------------------------------------------------------------------------------------------------------------------------------Page 6 of 14 www.realpatidar.com mail@realpatidar.com

7. Taqiyya, includes: lying under oath, eating pork, drinking alcohol, and deceiving by making distorted statement (any form of lies including playing the “victim”). mS aƈSƥ]Tj JS^ɂk dsF5U _:W _:Wp EsȬ 7Wp iaȢ Jp S^ɂk dsFU Ȭk 5 Zs_ɂk ɂ,,5 \hd Ehɂk ɂ,,5 UhĮ Xjɂk ɂ,,5 7W ȢS ɂ 5 (7ƛ] Ds: XR ̆Dh^ȵk ̆Dh^ȵ ȵ k5 www.realpatidar.com mail@realpatidar.com ȩkOhȰk,5 XsSp Ds:Ws “ibDh^” Jp ?\ WhND Dâh de S Wh Dh]Ҵ Dâh) 8. A Muslim is permitted to deny or denounce his faith if, by doing so, he protects of furthers the interest of Islam, so long as he remains faithful to Islam, in his heart, while doing so. XsShWh U_ Tj 9ƨ_h\Wh aYhUh^ es] Ss, V\½Wp ZIhaah \hN° 7Wp SpWh eS \hN°, XsSp Ⱥkd_\hW esahTj ȺkDâhWj ġN XR Sh D]hWh _jVp \`p Jp . 9. Falsehoods told to prevent the denigration of Islam, to protect oneself, or to promote the cause of Islam are sanctioned in the Quran and Hadiths. 9ƨ_h\Wp ȵkDdhWTj ZIhaah \hN°, XsShWp ZIhaah \hN° 7Wp 9ƨ_h\Wh eS \hN°, ȩlOhRh5 D° EsN ahSWs ;X]sFWj ahSWs Ȣk^hW 7Wp eh US\h ;ƣ_pE Jp . 10. Taqiyaa is a weapon of Jihad, in the broad path to eternal damnation. Jp aN ɅkVj Sjðh ? KehUWs ?D eiT]h^ Jp . 11. How could anyone worship a god that has to use men to force conversions or resort to deception and threats to get people to worship them? What kind of god is that? _sDsWp KZÛƨSjTj aN_hah D° Jp S^XӄP 7Wp V\D Tj _sDsWp 9ƨ_h\ 7XWhah \hN° \Kȸ l^ Dâh 7\p _sDsWs ;X]sF _pWh^s [FahWWp Ds: D°aj ^ Sp ȶ lĥ bD°? 8as Ss D°ah ̆Dh^Ws [FahW es]?

Most important element of TAQIYAA is to “confuse, confound and divide” the enemy 5 l aah, ȺL 5 l aah ӔWp ȳkƦ\WWh [hF_h XhPah ? Sh D]Ws ?D \eƗaWs \5́ Jp ȳkƦ\WWp ȤI Now let us take note of some of the instances of use of taqiyaa by Satpanth to protect their interests under the increased pressure of converting to Hinduism e ȳk V\½ 7XWhaWh KZÛƨS UZha e°O` 8aSh dSX5T V\½Wp ZIahWh ̆]ƗWs\h5 TSs Sh D]h Ws ;X]sF Wh 7ȺDk UhE_hBWj WҭV _pɃ5k 1. Formation of Satpanth / dSX5T V\½ȵ 5k Ⱥ l`: As mentioned in Series 1 email “Satpanthi way of converting Hindus to Muslims” (see links below) Satpanth has been formed with the mission to convert Hindus to Muslims using taqiyya. It allowed people to retain Hindu identity and adopt in a phased manner Islamic practices. Series 1 email “Satpanthi way of converting Hindus to Muslims” \h5 KRhƥ]h ȺkKZ, dSX5T V\½ Wp, Sh D]hWh \USTj eƛȳkBWp Ⱥkd_\hW ZWhah \hN° ƨThXWh Dâh\h5 8ap_ Jp . _sDsWp e ȳk BÈ ^hEahWj ġN 8XjWp Vj^° Vj^° Ⱥkd_\hW ZWhah\h5 8ap Jp . http://issuu.com/patidar/docs/satpanthi_way_of_converting_hindu_to_muslims_-d http://issuu.com/patidar/docs/series_1_-covering_email_contents

and

g j Hindu religious 2. Corruption of Hindu religious books / e ȳk Vhi\ D ȶƨk SDsWp ̉ƨN D]h½: Major

www.realpatidar.com tid

mail@realpatidar.com

books have been corrupted like Atharv Veds, Gita, Puran etc. In kaliyug, Kuran is called Atharv Ved by Satpanthis. See links below; 7Ta½ apU, FjSh, ȶk^R aFp^° e ȳk Vhi\ D ȶkƨSDsWp ̈ƧN D^ Wp aN_hajWp 9ƨ_h\jD^R Dâh\h5 8ap_ Jp . D _ȻkF Wh 7Ta½ apU Wp Ȣk^hW ZShah\h5 8ap_ Jp . http://issuu.com/patidar/docs/atharv_ved_shlok_comparison_-d http://issuu.com/patidar/docs/series_9_-attachment_-extract_of_relevant_pages_of http://issuu.com/patidar/docs/series_9_-attachment_-photos_of_original_hindu_ath http://issuu.com/patidar/docs/series_9_-covering_email_contents 3. Corrupting Hindu Gods’ avtaars - Bodh Avtaar, Das Avtaar, Kalki Avtaar etc / e ȳk U° asWh k 7aSh^, Ud 7aSh^, DƣD 7aSh^ aFp ^°: 7aSh^Wp ̉ƨN D]h½ – ȸV Corrupting Hindu Gods’ avtaars with the sole intention to include Islamic elements in Hindu religion and then to portray that in order to attain salvation, finally followers will have to adopt Islam. e ȳk V\½Wh U° asWh 7aSh^Wp ̉ƨN D]h½ Jp 7Wp Sp\\h5 9ƨ_h\j D^R Dâh\h5 8ƥȻk5 Jp . ?D ?ɂk5 ȳmb ;ȹk5 Dâh\h5 8ƥȻk5 Jp D° Ks S\Wp Ⱥk ƈS Ks:? Ss S\pW Jp aN° 9ƨ_h\ 7XWhɂk5 XP°. http://issuu.com/patidar/docs/truth_behind_hinduisation_of_satpanth_-d http://issuu.com/patidar/docs/budh_avataar_-attack_on_hindu_fundamentals_-d http://issuu.com/patidar/docs/series_4_-covering_email_contents 4. Giving our Gods names to the elements of Islam / 9ƨ_h\ V\½Wh D Uh½^sWp e ȳk U° asWh Wh\ 8Ɯ]h: Calling Hazrat Ali as Nishkalanki Narayan, Bibi Fatima as Adhya Shakti, Mohammad Paigambar as Brahma. If Satpanth was clean inside out then why would it require using such deceptive naming strategy? eL^S 7_j Wp iWƧD_5D Wh^h]R, ZjZj YhiS\hWp 7ƚ] b ƈS U° aj, \seƠ\U XqFƠZ^ Wp ̈ěh Wh Wh\ 8XahWj Ƀk5 KĮ^ XP . dSX5T Ks ӔU^ STh Zhe^ Tj Isȣk5 es] Ss Sp\Wp 8ah ̉h\D Wh\ 7XWhahWj ̆ ˲]hWj bj KĮ^ XP ? http://issuu.com/patidar/docs/truth_behind_hinduisation_of_satpanth_-d http://issuu.com/patidar/docs/series_5_-pirana_pooja_vidhi_and_gnyan_-d http://issuu.com/patidar/docs/series_5_some_pages_of_pooja_vidhi_and_gynan ------------------------------------------------------------------------------------------------------------------------------------------------------------------------Page 8 of 14 www.realpatidar.com mail@realpatidar.com

5. Corruption of Hindu rituals / e ȳk ^ S ^ahKsWp ̉ƨN D]h½ : Many Hindu rituals were corrupted www.realpatidar.com so that tthe

faith of people on Hindu religion gets diminished. diminished Janoi was asked to be bemail@realpatidar.com removed. Dead bodies were asked to be buried, unlike doing a funeral by Hindus. For more details see link below. GRh e ȳk ^ahKsWp ̉ƨN D]h½ Ȑ Tj eƛȳkBWj V\½ X^ Sp\Wj 8ƨTh BJ T: K]. KWs: ;S^haj,

\PUhWp Z`ahWh ZU_p UhNahWj ̆Th ɃkĮ D^haj. aȴk \h eSj \hN° _ӄD ȩkas. http://issuu.com/patidar/docs/series_5_-pirana_pooja_vidhi_and_gnyan_-d http://issuu.com/patidar/docs/truth_behind_hinduisation_of_satpanth_-d

For details on how Hindu beliefs were corrupted even to the extent of suggesting the killing cow helps people attain heaven. Ganges, Mandirs, Idol worhships, Brahmins etc were shown to be damned. eƛȳkBWj 8ƨThWp ̉ƨN D^ah\hN°Wh ̆]ƗW\h5 ȶ lԌ] Fh] Ws aV D^ahTj XhX Ws Whb Th] Jp , ?aj EsN ̆Th ZpdhP Jp . F5Fh WU , \5 U^s, Ⱥ liS ȶ lĤ, ̈hěRs Wp 7 [bhiXS ZShP Wp eƛȳkBWj Sp\Wh X^ Wj 7ƨThWp ̉ƨN D^ Jp . ȩkas _ӄD; http://issuu.com/patidar/docs/budh_avataar_-attack_on_hindu_fundamentals_-d 6. Corruption of Hindu religious / bhakti songs / Vhi\ D [ ƈS FjSsWp ̉ƨN D]h½ : Our Garbis (sung during nortas) were corrupted at http://contents.satpanth.com to see how garbis were corrupted.

the

first

place.

See

dSX5T V\½ Wp ƨThXW D^ah \hN°Ws Xe°_s DU\ eȱk 5 D° e ȳk Vhi\ D [ ƈS FjSsWp ̉ƨN D^ɂk.5 Wa^h́j\h5 FahSh 8XPh FZ BWp SpaESp ̉ƨN D^° _ eSj. aȴk \h eSj \hN° ȩkas http://contents.satpanth.com 7. Creation of deceptive stories like Jannatpuri and Moman Chetamani by Imam Shah / :\h\ bhe Ďh^h KđSȶ l^ 7Wp \s\W IpSh\Rj Ȑaj ̉h\D ahSh½ B _Ej. Jannatpuri: http://www.ismaili.net/Source/0723/07232g.html has been written for people to attract towards Satpanth Moman Chetamani: http://www.ismaili.net/granths/chetwanb.html has been written to warn people what might happen if they do not pay dasond and doubt Satpanth dharm and Imam Shah. KđSȶ l^ : (http://www.ismaili.net/Source/0723/07232g.html) Wp _sDsWp dSX5T S^Y 8Dc½ah \hN° _Eah\h5 8ap_ Jp . \s\W IpSh\Rj: (http://www.ismaili.net/granths/chetwanb.html) \h5 _sDsWp IpSaah\h5 8ƥȻk 5 Jp D° Ks Spas UdsƛU Weӄ 8Xp Ss Sp\Wj Ƀk 5 ȳkF½iS T: bD° Sp\ Jp . ------------------------------------------------------------------------------------------------------------------------------------------------------------------------Page 9 of 14 www.realpatidar.com mail@realpatidar.com

8. Attempt to cut-off the roots and association with Hindus / XsShWh Ⱥ l` \h5Tj DhXj WhEahWh ̆]SWs:

www.realpatidar.com

mail@realpatidar.com

ragjiji K Kaka and Sayyed Imam Shah heir Sayyed Vali Miya in a meeting all three Panchadas PPragji (whole Kachchh / Kutch) on 12 Jan 1877 asked people from our samaj to boycott Samaj’s appointed Gor Brahman Gauridas Shamdas and Gor Jani Dayashankar and ordering not to call him for our religious affairs. Similarly asking not to register our family census datas with our Vahivancho Barot (person who records population census for our samaj). Further ordering to boycott all Brahmins from our samaj. All these orders were made in a attempt to cut us off from our Hindu roots.

Sh yz-xy-y Wh ̆hFĥ DhDh 7Wp :\h\ bheWh a5dhK dq]pU a_j i\]h Wh Wpȱ mƗa e°O` ́Rp Xh5IPhRj (ȶ lR½ DƍJ) d\hK [pFj D^ Wp 8XPh d\hKWh Fs^ Ft^ Uhd bh\Uhd STh ĤWj U]hb5D^ Wp ^Ĥ 8Xah\h5 8aj. Sp\K d\hKWh Zh^sN ae a5Ih Xhdp D: _EahWj Wh XhPah\h5 8aj Sp\K ̈ěhW Wp XR Zs_ahWj dES \Wh: Dâh\h5 8aj. ?\ 8XPh e ȳk Ⱥ l` Tj 8XWp DhXj WhEahWh ̆]SWs Dâh\h5 8ƥ]h. http://issuu.com/patidar/docs/series_6_-kirti_dwaj_-d 9. Paying Dasond was mandatory / UdsƛU 8XahWj Y^K XP : No religion other than Satpanth, makes mandatory for its followers to pay Dasond –Read Moman Chetamani written by Imam Shah. This suggests that the religion was formed to earn income from its followers and nothing to do with Hinduism. dSX5T ibah] Ds: XR 7ƛ] V\½ \h5 UdsƛU 8XahWj Y^K ðh] WTj. ah5Is :\h\ bhe ^ IS \s\W IpSaRj. 8Wh Tj EZ^ XP° Jp D° dSX5T V\½ Xqdh D\hah \hN° ;[s Dâh\h5 8ap_ Jp 7Wp SpWp eƛȳkƗa dhTp Ds: _pah U° ah WTj. http://www.ismaili.net/granths/chetwanb.html 10. Publishing deceptive, defamatory, baseless and utter false pamplets / ZUWh\ Dâh, ̉h\D iW^hVh^ 7Wp SĆW EsNh XÎhB JhXah:, Right from the early days, some people from Satpanth samaj have published defamatory, baseless and false pamphlets in an attempt to discredit the work done by people against Satpanth. If Satpanth has nothing to hide, why does it need to resort to such pamphlets. They have published such defamatory, baseless and false pamphlets against Adhya Samaj Sudharak, Shri Narayanji Ramji Limbani, of Kutch Kadva Patidar samaj, who has saved the whole samaj from the clutches of muslims. These pamphlets are reprinted even during the present Swarnim Mahotsav held at Nakhatrana between 09 to 12 May 2010. These pamphlets have been even uploaded on the internet also. This is clearly one of the taqiyya move to that people in distant future get confused about the credibility of his work. k j iW^hVh^ 7Wp SĆW EsNh ɃkȿkahS Tj dSX5T d\hKWh _sDs, \hRdsWp ZUWh\ D^° ah e°ȱT XÎhB JhXp Jp Ȑ Tj ? ƥ] ƈSWj ̆iSƧOh X^ UhF _hFp 7Wp SpWh dh^h Dh]Ҵ X^ _sDs b5Dh Dâh _hFp. Ks dSX5T Wp D: ġXhahȵk 5 W es] Ss 8ah XÎhB D°\ JhXp Jp . Spas? d\hKWh 8Č ------------------------------------------------------------------------------------------------------------------------------------------------------------------------Page 10 of 14 www.realpatidar.com mail@realpatidar.com

ɅkVh^D Wh^h]Rĥ ^h\ĥ _ӄZhRj Wp ZUWh\ D^Sh X^IhB JhXp_h Jp . Wh^h]R ^h\ĥ _ӄZhRj ZhXh? 8XPh 8Eh DƍJ DPah XhN Uh^ d\hKWp Ⱥkd_\hW ZWahTj ZIhƥ]h Jp . 8ah ZUWh\

www.realpatidar.com

mail@realpatidar.com

;KahSh ƨa R D^Sh X^IhB aESpp XR \ \esƗda B eh_Wh Sh. x Tjj yz-x}-zxyx U^Ơ]hW ; s

ZNah\h5 8ƥ]h Jp 7Wp ӗN^WpN X^ XR ̆DhibS Dâh\h5 8ƥ]h Jp . ShD ]hWs aX^hSs es] SpWh k S^ D° 8 Dh]½ FRah\h5 8ap Jp Ȑ Tj _h5Zh [iaƧ]\h5 Wh^h]R ^h\ĥ _jƠZWj Ȑah _sDsWh dȸS k ^he T: Ĥ]. I ^́ 7Wp iaĖhd Xh́Sh X^ UhF _hFp 7Wp [iaƧ]Wh _sDs Ȥ\ 11. Changing original books of satpanth, (some of them even written by Imam Shah), to give a outwardly Hindu look / :\h\ bhe Ďh^h _Ep_j ȶƨk SDsWp Sp\K dShX5T V\½Wj acҴTj Ih_Sj dhIj ȶƨk SDsWp aN_hajWp Zeh] e ȳk ĮX 8Ɯ]s Jp . Original books, followed for centuries together, by Satpanthis have been dis-owned and replaced with new books. The original books were followed since the time of Imam Shah, but clearly showed that Satpanth was a sect of Islam. http://issuu.com/patidar/docs/series_5_pirana_pooja_vidhi_and_gnyan_-d. All such books are now disowned and replaced with new books under the pretext of improving the religion. See Kucth Mitra news paper, published in Kutch, Gujarat, dated 05 May 2010 Page No 11. Another basesless and false argument given is that Satpanth books were made Islamic to save the religion from moghuls, which does not hold any ground. dҪDPs acҴTj \hWhSj/Xh`hSj dSX5T V\½Wj dhIj ȶkƨSDsWp ^Ć D^ Wp Waj ȶkƨSDsWp Ⱥ lD U Vj. :\h\ bhe aESWj dhIj ȶkƨShDhSs eSj, Ȑ\h5 dSX5T V\½ ?D WjLh^ :ƨ\h:_j V\½Ws YhȬk5 Jp ?\ IsƉȣk5 d\Ĥ]ȵk 5 eȱk,5 Spaj ȶkƨSDsWp ZU_haj WhEj. Sp\Wj ?D dhIj ȶkƨSD \hN° ȩkas http://issuu.com/patidar/docs/series_5_-pirana_pooja_vidhi_and_gnyan_-d V\½Wp ɅkVhâhWh ZehWh e°O` ZVjK ȶkƨSDs ZU_j WhEj. ȩkas Jhȶk 5 DƍJ i\́ Sh x}-x}-zxyx XpK yy. ȶkƨSDs ZU_ah XhJ`Wj Zjȩk 5 XR iW^hVh^ 7Wp Zpȸik W]hU D^R ZShƥȻk 5 Jp D° V\½Wp \sG_ ^hĤBTj ZIhah \hN° 9ƨ_h\j D^R Dâh\h5 8ap_ eȱk,5 SpWp eap ɅkVhâh\h5 8ap Jp . 12. Filing false police and court cases / SĆW EsNh Xs _d 7Wp DsN½ D°ds UhE_ Dâh: People from Satpanth samaj have filed cases against leading people from Hindu Samaj (Kutch Kadva Patidar Samaj) even at each village level and especially against people who were active in protecting the interests of Sanatan Hindu samaj. The only intention of filing such false cases is to harass such active people and to demoralise them. This was an attempt to set a wrong example amongst ordinary people and scare them away from direct confrontation with Satpanth samaj. dSX5T V\½Wh _sDs, dWhSW V\½Wh 8FpahWs dh\p, Sp\Wp YƈS e°^hW X^° bhW Dâh 7Wp Sp\ȵk 5 k j, SĆW EsNh 7Wp iW^hVh^ Xs_jd 7Wp DsN½ D°ds D]h½ Jp . 8 ƥ]Th Fh\s \WsZ` [h5FahWh e°ȱT Fh\Wh _sDs [sFap Jp . dh\hƛ] _sDs dh\p dSX5T V\½ dh\h TWh^ _sDsWj Ƀk 5 eh_S Th] Jp , SpWs UhE_s ZpdhPahWs ̆]S ibah] D: WTj. Ȑ Tj _sDs dSX5T V\½Wh E_hY Zs_ahȵk 5 Z5U D^ U° . ------------------------------------------------------------------------------------------------------------------------------------------------------------------------Page 11 of 14 www.realpatidar.com mail@realpatidar.com

13. Creating deceptive internet ids / ӗN^WpN X^ ̉h\D ?-\p_ Es_ah: Creating deceiving internet www.realpatidar.com s email ema ids, id

mail@realpatidar.com idss and email groups and signing off such mails with the name of Real Pa id atidar. atidar Patidar. While the original work of Real Patidar came initially from realpatidar@gmail.com and later due to coming up of deceptive email ids, switched to mail@realpatidar.com. Examples of such deceptive email ids include realpatidaar@gmail.com, realpatidarr@gmail.com, realpatidar@googlegroups.com. The contents circulated by such deceptive ids are totally against the original writings. This has been done in order to deceive, confuse and misguide people towards the original writings.

Of late, there was a latest attempt to hack one of the original email id realpatidar@gmail.com then send confusing emails. See and http://issuu.com/patidar/docs/oe3_imam_shah_bava_sathe_ni_varta_laap If Satpanth people do not agree with what Real Patidar has to say, they can always create any other (non-deceptive) email id and put forward their view. There is absolutely no justification for creating any deceptive ids. This is a classic example of Taqiyya. ӗN^WpN X^ Real Patidar Wh Wh\ Ws ȳkȿkX]sF D^ Wp ̉h\D ID Es_jWp Sp\h5Tj _sDsWp ?-\p_ \sD_ah ĤRp Real Patidar XsSp _ESs es]. Real Patidar Wj original ?-\p_ ID eSj realpatidar@gmail.com 7Wp ̉h\D email id Zhe^ 8aWh D^R Tj mail@realpatidar.com Wh\p email id Es_ah\h5 8aj. 7ȺkD ̉h\D email id 8 ̆\hRp Jp ; realpatidaar@gmail.com, realpatidarr@gmail.com, realpatidar@googlegroups.com. 8ah ID \h5Tj Real Patidar Wh 8Xp_ d5U°bWh SĆW iaȿkć d5U°bs 8Xah\h5 8ap Jp . e\Rh WĥD\h5 Real Patidar Wj original email id Wp hack D^ah\h5 8aj 7Wp Sp\h5Tj [h\D emailB \sD_ah\h5 8ƥ]h. http://issuu.com/patidar/docs/oe3_-imam_shah_bava_sathe_ni_varta_laap

Ks Ds: XR Real Patidar Wh ahS Tj 7de\S es], Ss Spas intenet X^ Ds: XR 7ƛ] id (̉h\D Wh es] Spaj) Es_jWp XsShWj ahS _sDs dh\p ^ȩk D^ bD° Jp . Sh D]h aX^hSs es] SpWs 8 ?D IsEs UhE_s Jp . 14. Rally against issue of Shwet Patra (White Paper) / ĖpS X́ dh\p \s^Is: Shwet Patra was issued by our (Kutch Kadva Patidar) samaj clarifying the position that the religion of the samaj was Hindu Sanatan religion. On 01 May 2010 Satpanth Samaj organized a rally in protest of issue of shwet patra by KKP Samaj. See news paper Kutch Mitra dated 02 May 2010. Shwet Patra is a clarification that our samaj believes in Sanatan Dharm and people ------------------------------------------------------------------------------------------------------------------------------------------------------------------------Page 12 of 14 www.realpatidar.com mail@realpatidar.com

following Hindu Sanatan Dharm are its members. Only a non-hindu religions institution should have any problem with Shwet Patra. www.realpatidar.com

mail@realpatidar.com

° h ĖpS d\hȐ D^ah\h55 8app_ Jpp D°° d\hK dWhSW e ȳk V\ ]sWs Ȑ Zhe^ XP°_ p X́ \h55 IsEaN s s s Jpp . Sh xy-x}-zxyx Wh ^sȐ dSX5T d\hȐ 8 ĖpS X́Wh ia^sV \h5 \s^Is 8]s KS Dh]Ҵ eSs. ȩkas

Jhȶk 5 DƍJ i\́ Sh xz-x}-zxyx. Ds: XR e ȳk V\ ]sWp 8ah ĖpS X́ dh\p D°\ D: ah5Vs es]. 15. Diverting attention from the main topic / ȺƉk ] ȺĆk hB Tj ƚ]hW ZNahWh ̆]ƗW Dâh: Under the present context, raising irrelevant questions viz samaj ekta, inter caste marriages, liquor and other vices, eating non-veg, etc during the debate on religion/dharm and thus diverting the attention of samaj members from the real issue. In any samaj, society, country there are bound to be presence of multiple problems. But when somebody is discussing a particular topic it is not expected from people to start raising issues that are not relevant to the main topic. However, if someone does so, it means that such person do not have anything substantial to say about the topic. Further, such people do not want this topic to be discussed and want to divert the focus of people towards any other irrelevant topic. Ds: XR d\hK, V\½ D° U° b GRj ZVj ȺkƦD°_jBTj ȩlKȱk 5 es] Jp . XR K]h^° d\hK \h5 V\½Wh Wh\p ahS IIh½Sj es] Ɨ]h^° ZjĤ ZW KĮ^ ȺkĆhBWp (V\½ Tj KsP W bDh] Spah ȺkĆhB) ;XhPah ? 7Xp ëS WTj. d\hKWj ?DSh, ZjĤ WhS Wh JsD^h / JsD^ dhTp _FW, UhĮ, SƠZhȢk, WsW-apK aFp^° ȺkĆhB ;XhP Wp IIh½Wp Ⱥ l` ȺkĆhTj [NDahWh ̆]Ss Dâh. ȐTj V\½Wh ȺkĆh X^ ȶk^Sj IIh½ Wh Th] 7Wp Sp\h5 Spȵ k 5 ƨahT½ dIah]. 16. Misguiding people by the adding the word “Sanatan” to name of religion to be called “Satpanth Sanatan Dharm.” On the other hand protesting the use of word “Sanatan” by the KKP Samaj. We all know that Satpanth is a Nizari Ismaili Sect (a branch of Islam) and the only connection it has with Hinduism is that some of the followers of Satpanth are Hindus. Later on such people get converted to muslims gradually. In order to attract more and more Hindus by making them believe that Satpanth is a Hindu religion, the word Sanatan has been added to the name of the Dharm. They have crossed the limits by changing the name given by the founder of Satpanth Dharm and their guru Imam Shah. There is no legitimate reason for adopting such name. XsShWh V\½ Wh Wh\\h5 “dWhSW” bƞUWs ̆]sF Dâs 7Wp Zjĥ Zhȩk 8XP d\hK\h5 dWhSW bƞU Ws ia^sV Dâs ? \p_ Wh Ehah Ȑaj ahS Jp . 8XP° ĤRj? J ? D° dSX5T V\½ ?D WjLh^ :ƨ\h:_j V\½ȵ k 5 Yh5Ȭk5 Jp Ȑ e ȳk 7ȵk]h]sWp 5 e ȳk BÈ ^hEahWj ġN 8Xp Jp XR Vj^° Vj^° Sp\Wp Ⱥkd_\hW V\½ S^Y aN_hah\h5 8ap Jp . http://issuu.com/patidar/docs/satpanthi_way_of_converting_hindu_to_muslims_-d http://issuu.com/patidar/docs/truth_behind_hinduisation_of_satpanth_-d

and

www.realpatidar.com Danger: he Dang Da nger: er: TThe

All these superficial changes can be reversed, including the present books. Itmail@realpatidar.com is always alwayss alway possible to revert back to old books (with pure Islamic contents). All these superficial changes are very dangerous especially, when and after the whole samaj adopts Satpanth religion, thinking Satpanth is a Hindu sect. Later on even if some individual finds that he has been cheated, he will have no option left with him, because if he tries adopts Hinduism then (after the whole samaj has adopted Satpanth), the social security concern will become a big issue for him. These are the same feelings shared by many Khojas and Voras today, who want to reconvert to Hinduism, but cannot do because of the fear of being boycotted by their society.

All the points noted above suggest that TAQIYYA has been very prominently used by Satpanth Dharm for its benefit and to safeguard its interest. No religion, other than Islam, uses TAQIYYA. ES^s: eh_Wh Wah ȶkƨSDs de S, ;X^ KRhap_ ZhĜ ZU_ha F\p Ɨ]h^° ;_Nhaj bDh]. ;X^Tj e ȳk Ȑah U° EhSh ZU_ha Wh [^sdp Ds: ƥ] ƈS D° d\hK dSX5T V\½Wp 7XWhap Ss SpWh _5Zp d\]p []5D^ X ^Rh\ T: bD° Sp\ Jp . Dh^RD° ?D aES 8Es d\hK dSX5T V\½Wp 7XWhaj _p, 7Wp Ɨ]h^ XJ dSX5T V\½Wj ȩlWj ȶkƨSDs 7Wp ^ S ^ ahKs XhJh _hah\h5 8ap Ɨ]h^° XJ Ds: XR ?D ƥ] ƈS d\hK dh\p Z`as D^ Wp XhJs e ȳk V\½ 7XWhahWj eƠ\S W D^ bD°. D^R D° Sp\ D^° Ss SpWp d\hK Tj Zhe^ D^ WhEahWs [] es] Jp .

WsV _jVp_ 7Wp ;X^ KRhap_ ȺĆk hBTj ?Nɀ 5 k Ss ƨXƧN Th] Jp D° ShD ]hWs ;X]sF dSX5T V\½Wh eS \hN° ZɆk dh^ ^ Sp D^ah\h5 8ap Jp . 9ƨ_h\ ibah] Ds: XR 7ƛ] V\½ ShD ]hWs ;X]sF D^Ss WTj. There are many authors who have written about the fact that Satpanth uses Taqiyya for its benefit. For example; dSX5T Ďh^h XsShWh V\½ eS \hN° Sh D]h Wh ;X]sF Wj ahS GRh ZVh _pEDs? D^° _ Jp . UhE_h S^ D°; 1. Co-existence and Communalism – The Shrine of Pirana in Gujarat by Dominique S Khan and Zawahir Moir 2. Lived Islam in South Asia –by Imitiaz Ahmad & Helmit Reifeld 3. Gujarat Unknown - by J J Roy Burman 4. The Shia Imami Ismaili Muslims: A Short Introduction - by Jimmy R. Davis 5. The foundations of the composite culture in India - by Malika Mohammada 6. http://en.wikipedia.org/wiki/Satpanth 7. http://www.riifs.org/journal/essy_v3no1_dftari.htm ------------------------------------------------------------------------------------------------------------------------------------------------------------------------Page 14 of 14 www.realpatidar.com mail@realpatidar.com

6RPH ,PSRUWDQW :HEVLWHV RQ 6DWSDQWK 6HULHV $ %

5HDO 3DWLGDU 0DLO 6HULHV 6RPH LPSRUWDQW ZHEVLWHV RQ 6DWSDQWK

3DJH RI

GDU FRP ZZZ UHDOSDWLGDU FRP PDLO#UHDOSDWLG 5HDO 3DWLGDU PDLO#UHDOSDWLGDU FRP!

6HULHV 6RPH LPSRUWDQW ZHEVLWHV RQ 6DWSDQWK 5HDO 3DWLGDU PDLO#UHDOSDWLGDU FRP! 7R 5HDO 3DWLGDU PDLO#UHDOSDWLGDU FRP!

7XH -XQ DW 30

W> ^ PDLO#UHDOSDWLGDU FRP ƚŽ ǇŽƵƌ ĂĚĚƌĞƐƐ ďŽŽŬ ͬ ĐŽŶƚĂĐƚƐ͘ dŚŝƐ ǁŝůů ĞŶƐƵƌĞ ŵĂŝůƐ ƐĞŶƚ ďǇ ŵĞ ůĂŶĚ ĚŝƌĞĐƚůǇ ƚŽ ǇŽƵƌ /E Ky ĂŶĚ ĚŽ ŶŽƚ ŐŽ ƚŽ ǇŽƵƌ ^W D ĨŽůĚĞƌ ϬϴͲ:ƵŶͲϮϬϭϬ 'HDU $OO :KLOH VXUILQJ WKH LQWHUQHW , IRXQG FHUWDLQ ZHEVLWHV WKDW JLYH LQWHUHVWLQJ \HW WUXH LQIRUPDWLRQ RQ 6DWSDQWK DQG LWV SLOODUV RQ ZKLFK WKH ZKROH UHOLJLRQ LV VWDQGLQJ Ɇk 5 ӗN^WpN X^ VHDUFK D^Ss eSs Ɨ]h^° \Wp 7ȺkD dh^ ZHEVLWH Wh Wh\ \Ƥ]h Ȑ dSX5T 7Wp ? V\½Wh 8Vh^ ƨS5[ X^ dIsN \h eSjB 8Xj ^e Jp , WKRXJKW WKDW VKDULQJ WKHVH OLQNV ZDV D JRRG LGHD dɆkWh dFaP \hN° \Wp _hƊȻk D° 5 ? ZHEVLWH Wh _ӄD S\h^ dhTp Zh5Ȭk :HEVLWH $GGUHVV &RQWHQWV RI WKH ZHEVLWH KWWS ZZZ VDWSDQWK FRP *LYHV LQWURGXFWLRQ RQ 6DWSDQWK E\ UHVHDUFKHU : ,YDQRZ 7KH ILUVW DQG PRVW H[WHQVLYH UHVHDUFK E\ DQ\ERG\ k5 a 9aWsɂu Ďh^h dSX5T V\½ȵ X ^I] dSX5T X^ dɆkTj ƥ]hXD ìhW 8Xȱk Xe° 5 ɀ k5 D]½ D^Wh^ KWWS FRQWHQWV VDWSDQWK FRP

6RXUFH KWWS ZZZ LVPDLOL QHW 6RXUFH D KWPO ³&ROOHFWDQHD´ SXEOLVKHG LQ DERXW 6DWSDQWK 7KH PRVW H[WHQVLYH ZRUN FRYHULQJ KLVWRU\ VDWSDQWK OLWHUDWXUH JLQDQV PLUDFOHV E\ SLUV WK DYDWDU MDQQDWSXUL DQG RWKHU VFDQQHG WH[WV $ PXVW YLVLW IRU HYHU\ERG\ LQWHUHVWHG LQ NQRZLQJ HYHU\WKLQJ DERXW 6DWSDQWK dSX5T X^ \h eSj 8Xȱk 5 ³D_pDN°Wj8´ y | \h5 ̆DhibS

k5 7Wp dSX5T V\½ȵ 9iSehd dh eƗ] FjWhW Xj^Wh I\ƗDh^s Ud 7aSh^

KđSȶ l^ 7Wp eƨS _p ES ȶkƨSDs Ȑaj 7WpD

aƨȱkB X^ 8K ɅkVj \sNh\h5 \sȬk5 5HVHDUFK Dh\ Wj \h eS

ȩk as dSX5T V\½ X^ \h eSj \p`aWh^ U^° D ƥ] ƈSWp 8 ZHEVLWH

KWWS ZZZ LPDPVKDK FRP

KWWS ZZZ LPDPVKDK RUJ

Ksaj ZɆk KĮ^ Jp 6RXUFH KWWS ZZZ LVPDLOL QHW 6RXUFH KWPO $ EULHI LQIRUPDWLRQ DERXW 6D\HG ,PDP 6KDK DQG KLV PLVVLRQ LQ ,QGLD dơ]pU :\h\ bhe 7Wp Sp\Wh Dh\ȵk PLVVLRQ 5 X^ X^ Ȭl5D\h5 \h eSj 6RXUFH KWWS ZZZ LVPDLOL QHW KLVWRLUH KLVWRU\ KLVWRU\ KWPO 0RPLQ &KHWDPDQL E\ 6D\HG ,PDP 6KDK 0RPLQ &KHWDPDQL LV D ERRN ZULWWHQ E\ 6D\HG ,PDP 6KDK WR ³:DUQ %HZDUH´ 0RPLQV 7KH QDPH JLYHQ WR VDWSDQWK IROORZHUV E\ ,PDP 6KDK RQ WKH GDQJHUV RI QRW IROORZLQJ 6DWSDQWK DQG SD\LQJ 'DVRQG dơ]pU :\h\ bhe ^ IS ³\s\jW Ⱥk\Wh IpS\Rj´

UdsƛU W 8XahTj Ƀk 5 7 eS T: bD° 7Wp dSX5T V\½Wp W

-XQ

3DJH RI ZZZ UHDOSDWLGDU FRP PDLO#UHDOSDWLGDU FRP

6RPH ,PSRUWDQW :HEVLWHV RQ 6DWSDQWK 6HULHV $ %

5HDO 3DWLGDU 0DLO 6HULHV 6RPH LPSRUWDQW ZHEVLWHV RQ 6DWSDQWK

3DJH RI

GDU FRP ZZZ UHDOSDWLGDU FRP PDLO#UHDOSDWLG k 5 Saȱk ȶk 5 ƨSD ³\s\jW IpS\Rj´ _ƉȻk 5 Xh`Wh^ _sDsWp P^haȱ Ip

KWWS ZZZ QLVKNDODQNLQDUD\DQ FRP

Jp 6RXUFH KWWS ZZZ LVPDLOL QHW JUDQWKV FKHWZDQE KWPO 7KLV ZHEVLWH LV LQ ,WDOLDQ ODQJXDJH 8VH JRRJOH WRROEDU WR WUDQVODWH WKH ZHEVLWH WR (QJOLVK 7KLV ZHEVLWH JLYHV LQIRUPDWLRQ RQ ,PDP $OL DQG /RUG .ULVKQD DQG /RUG 9LVKQX 8 ZHEVLWH ,WDOLDQ :Nh_j [hch\h5 Jp S\p JRRJOH WRROEDU ahX^ Wp HQJOLVK D° XJ eƛU [hch\h5 [hch5S^ D^ bDbs

8 ZHEVLWH \h5 S\p :\h\ 7_j [FahW ȢmƧR STh [FahW

iaƧȰk X^ \h eSj Jp 6RXUFH KWWS ZZZ WUDGL]LRQHVDFUD LW LPDPDOL NULVKQD YLVKQX KWP

<RX FDQ GRZQORDG *RRJOH WRROEDU IURP« KWWS WRROEDU JRRJOH FRP <RX FDQ XVH *RRJOH 7RROEDU WR WUDQVODWH $1< ZHEVLWH WR WKH ODQJXDJHV OLNH (QJOLVK +LQGL HWF *RRJOH 7RROEDU GRZQORDG D^ah \hN° 8 _ӄD X^ Ĥas KWWS WRROEDU JRRJOH FRP *RRJOH 7RROEDU Wh \USTj S\p Ds: XR ZHEVLWH Wp S\h^ [hch Ȑ\D° (QJOLVK 7Wp +LQGL eƛU \h5 [hch5S^ D^ Wp ah5Ij bDbs +RSH \RX ILQG WKH DERYH ZHEVLWHV KHOS LPSURYH \RXU NQRZOHGJH RQ 6DWSDQWK UHOLJLRQ k5 8bh Jp D° S\Wp ;X^ KRhap_ ZHEVLWH B S\h^h dSX5T V\½ȵ ìhW aVh^ah\h5 ìhW aV½D dh ZS Tbp 5HDO 3DWLGDU 7R IXOO\ XQGHUVWDQG WKH FRQWHQWV RI WKLV HPDLO \RX PD\ EH UHTXLUHG WR UHDG HPDLO ZLWK 6HULHV LQ WKH VXEMHFW OLQH 6HH KHUH IRU 6HULHV HPDLO KWWS LVVXX FRP SDWLGDU GRFV VHULHVB B FRYHULQJBHPDLOBFRQWHQWV 7R NQRZ PRUH YLVLW KWWS LVVXX FRP SDWLGDU RU VHQG D UHTXHVW PDLO WR PDLO#UHDOSDWLGDU FRP 3OHDVH IRUZDUG DV PDQ\ HPDLO DGGUHVV RI RXU VDPDM PHPEHUV DV SRVVLEOH WR PDLO#UHDOSDWLGDU FRP LQ RUGHU WR LQFUHDVH WKH UHDFK DQG VSUHDG WKH DZDUHQHVV

-XQ

3DJH RI ZZZ UHDOSDWLGDU FRP PDLO#UHDOSDWLGDU FRP

6RPH ,PSRUWDQW :HEVLWHV RQ 6DWSDQWK 6HULHV $ %

3DJH RI

5HDO 3DWLGDU 0DLO 6HULHV $ &ODULILFDWLRQ RQ 6HULHV HPDLO

HDOSDWLGDU FRP PDLO#UHDOSDWLG GDU FRP ZZZ UH

7KLV HPDLO DOVR FRQWDLQV FODULILFDWLRQ RQ 6DWSDQWK GHILQLWLRQ RQ :LNLSHGLD

5HDO 3DWLGDU PDLO#UHDOSDWLGDU FRP!

6HULHV $ &ODULILFDWLRQ RQ 6HULHV HPDLO 5HDO 3DWLGDU PDLO#UHDOSDWLGDU FRP! 7R 5HDO 3DWLGDU PDLO#UHDOSDWLGDU FRP!

0RQ -XQ DW $0

ϭϰͲ:ƵŶͲϮϬϭϬ

ůĂƌŝĨŝĐĂƚŝŽŶ ŽŶ ǁĞďƐŝƚĞƐ ŵĞŶƚŝŽŶĞĚ ŝŶ ^ĞƌŝĞƐ ϭϰ ĞŵĂŝů ĂŶĚ ƚǇƉŝĐĂů ^ĂƚƉĂŶƚŚŝ dĂĐƚŝĐƐ͗ / ͲtĞďƐŝƚĞƐ ʹ ŽŵĂŝŶ EĂŵĞƐ / Ăŵ ŚĂƉƉǇ ƚŚĂƚ ƉĞŽƉůĞ ŚĂǀĞ ĨŽƵŶĚ ƚŚĞ ǁĞďƐŝƚĞ ĚŽŵĂŝŶ ŶĂŵĞ ;ƐƵŐŐĞƐƚĞĚ ŝŶ ƐĞƌŝĞƐ ϭϰ ĞŵĂŝůͿ ƵƐĞĨƵů ŝŶ ŽďƚĂŝŶŝŶŐ ŚŝƐƚŽƌŝĐĂů ŬŶŽǁůĞĚŐĞ ŽĨ ^ĂƚƉĂŶƚŚ͘ &Ğǁ ƉĞŽƉůĞ ŐŽƚ ĐŽŶĨƵƐĞĚ ĂŶĚ ǁĂŶƚĞĚ ƚŽ ĐŚĞĐŬ ǁŚĞƚŚĞƌ ƚŚĞ ĐŽŶƚĞŶƚƐ ŽĨ ǁĞďƐŝƚĞƐ ƐƵŐŐĞƐƚĞĚ ďǇ ŝŶ ŵǇ ^ĞƌŝĞƐ ϭϰ ĞŵĂŝů ĂƌĞ ǁƌŝƚƚĞŶ ďǇ ŵĞ͘ / Ăŵ ƐƵƌĞ͖ ƐŽŵĞ ƐĞůĨ ƉƌŽĐůĂŝŵĞĚ ĞǆƉĞƌƚƐ ŝŶ ĐŽŵƉƵƚĞƌ ŬŶŽǁůĞĚŐĞ ǁŽƵůĚ ŚĂǀĞ ĂƚƚĞŵƉƚĞĚ ƚŽ ƐƉƌĞĂĚ ƚŚŝƐ ŵŝƐŝŶĨŽƌŵĂƚŝŽŶ ;ƚǇƉŝĐĂů ƚĂƋŝǇǇĂ> @ ƐƚǇůĞͿ͘ &Žƌ ƚŚĞ ďĞŶĞĨŝƚ ŽĨ Ăůů͕ / ǁŽƵůĚ ůŝŬĞ ƚŽ ĐůĂƌŝĨǇ ƚŚĂƚ ƚŚĞƐĞ ĚŽŵĂŝŶ ŶĂŵĞƐ ;ǁĞďƐŝƚĞƐͿ ƐƵŐŐĞƐƚĞĚ ďǇ ŵĞ ĂƌĞ ŵĞĂŶƚ ƚŽ ďĞ ƵƐĞĚ ĂƐ ƉŽŝŶƚĞƌƐ ƚŽ ƚŚĞ ǁĞďƉĂŐĞƐ ƚŚĂƚ ĂƌĞ ĂůƌĞĂĚǇ ŽŶůŝŶĞ ĂŶĚ ŵĂŝŶƚĂŝŶĞĚ ďǇ ƐŽŵĞ ŝŶĚĞƉĞŶĚĞŶƚ ďŽĚǇ͘ tŚĞŶ ƐŽŵĞŽŶĞ ůŽŐƐ ƚŽ ƚŚĞ ƐƵŐŐĞƐƚĞĚ ĚŽŵĂŝŶ ;ǁĞďƐŝƚĞƐͿ͕ ƚŚĞ ĂĚĚƌĞƐƐ ďĂƌ ĂƵƚŽŵĂƚŝĐĂůůǇ ĚŝƐƉůĂǇƐ ƚŚĞ ůŝŶŬ ;hZ>Ϳ ŽĨ ƚŚĞ ǁĞďƐŝƚĞ ǁŚŝĐŚ ŚŽƐƚƐ ƚŚĞ ĐŽŶƚĞŶƚƐ͘ ůů ƚŚŝƐ ŝƐ ǀĞƌǇ ƚƌĂŶƐƉĂƌĞŶƚ ĂŶĚ ĂŶǇďŽĚǇ ĐĂŶ ĐŚĞĐŬ ƚŚŝƐ ƚŽ ŽŶĞƐ ƐĂƚŝƐĨĂĐƚŝŽŶ͘ dŚĞ ŽďũĞĐƚŝǀĞ ŽĨ ƚŚĞƐĞ ĚŽŵĂŝŶ ŶĂŵĞƐ ŝƐ ƚŽ ŚĞůƉ ƉĞŽƉůĞ ǁŚŽ ĂƌĞ ŶŽƚ /d ƐĂǀǀǇ ĂŶĚ ŵĂŬĞ ƚŚĞ ŝŶĨŽƌŵĂƚŝŽŶ ĞĂƐŝůǇ ĂǀĂŝůĂďůĞ // ʹ ,ĂĐŬŝŶŐ ŽĨ ͲŵĂŝů /Ŷ ĂĚĚŝƚŝŽŶ ƚŽ ƚŚĞ ĂďŽǀĞ͕ ĨĞǁ ĚĂǇƐ ďĂĐŬ͕ ƐŽŵĞ ƉĞƌƐŽŶ ĞŵĂŝůĞĚ ŵĞ ĐůĂŝŵŝŶŐ ƚŚĂƚ ŚĞ ŝƐ ƚŚĞ ƉĞƌƐŽŶ ǁŚŽ ŚĂĚ ŚĂĐŬĞĚ ŵǇ ĞŵĂŝů ĂĐĐŽƵŶƚ͘ zŽƵ ǁŝůů ƌĞĐŽůůĞĐƚ ƚŚĂƚ ƚŚĞ ŚĂĐŬĞƌ ŚĂĚ ƐĞŶƚ Ă ŵĂŝů> @ ĨƌŽŵ ŵǇ ĂĐĐŽƵŶƚ͕ ƚŚĞŶ͘ ĨƚĞƌ ƌĞͲŐĂŝŶŝŶŐ ƚŚĞ ĐŽŶƚƌŽů ŽĨ ŵǇ ĂĐĐŽƵŶƚ͕ / ŚĂĚ ƐĞŶƚ ĂŶŽƚŚĞƌ ŵĂŝů> @͕ ĐůĂƌŝĨǇŝŶŐ ƚŚĞ ǁŚŽůĞ ƐŝƚƵĂƚŝŽŶ͘ dŚĞ ƉĞƌƐŽŶ ǁŚŽ ĐůĂŝŵƐ ƚŽ ŚĂǀĞ ŚĂĐŬĞĚ ŵǇ ĂĐĐŽƵŶƚ͕ ĐůĂŝŵƐ ƚŚĂƚ ŚĞ ŚĂƐ ƌĞĂĚ Ăůů ŵǇ ŵĂŝůƐ ĂŶĚ ĨƵƌƚŚĞƌ ĐůĂŝŵƐ ƚŚĂƚ ŚĞ ǁŝůů ĚŝƐĐůŽƐĞ ƚŚĞ ;ŶŽŶͲĞǆŝƐƚĞŶƚͿ ƉůŽƚ ĂŐĂŝŶƐƚ ^ĂƚƉĂŶƚŚ ƐĂŵĂũ͘ /Ĩ ƚŚŝƐ ĐůĂŝŵĂŶƚ ƉĞƌƐŽŶ ŚĂƐ ƐŽŵĞƚŚŝŶŐ ŐĞŶƵŝŶĞ ƚŽ ƐĂǇ͕ ƚŚĞŶ ǁŚǇ Ăƚ ƚŚĞ ĨŝƌƐƚ ƉůĂĐĞ ĚŝĚ ŚĞ ƐĞŶĚ Ă ŵĂŝůϮ ;ĂĨƚĞƌ ŚĂĐŬŝŶŐͿ ŝŶ ŵǇ ŶĂŵĞ͍ ,Ğ ĐŽƵůĚ ŚĂǀĞ ƐĞŶƚ ƚŚĞ ŵĂŝů ŝŶ ŚŝƐ ŽǁŶ ŶĂŵĞ͘ dŽĚĂǇ ŚĞ ĐůĂŝŵƐ ƚŚĂƚ ŚĞ ŚĂƐ ŚĂĐŬĞĚ ƚŚĞ ĂĐĐŽƵŶƚ͘ dŽŵŽƌƌŽǁ ŚĞ ǁŝůů ĚĞŶǇ ĂŶĚ ĚĂǇ ĂĨƚĞƌ ƚŽŵŽƌƌŽǁ ĐŽŵĞ ƵƉ ǁŝƚŚ ŶĞǁ ƐƚŽƌŝĞƐ͘ >Ğƚ͛Ɛ ĂůƐŽ ŶŽƚ ĨŽƌŐĞƚ ŚĞ ŚĂƐ ĂůƌĞĂĚǇ ƚƌŝĞĚ ƚŽ ŵŝƐůĞĂĚ ďǇ ĐƌĞĂƚŝŶŐ ƐŝŵŝůĂƌ ĞͲŵĂŝůͲŝĚƐ ĂŶĚ ĐŽŶĨƵƐŝŶŐ ƉĞŽƉůĞ ;ƚǇƉŝĐĂů ƚĂƋŝǇǇĂϭ ƐƚǇůĞͿ͘ /// ʹ ƚƚĂĐŬƐ ŽĨ ǀĞƌǇ ƉĞƌƐŽŶĂů ŶĂƚƵƌĞ ƌĂƚŚĞƌ ƚŚĂŶ ƐŽůŝĚ ŝŶƚĞůůĞĐƚƵĂů ƉŽŝŶƚƐ &ƵƌƚŚĞƌ͕ ĨƌĞƋƵĞŶƚ ŵĂŝůƐ ĨƌŽŵ ƐŽŵĞ ƉĞŽƉůĞ ŽĨ ^ĂƚƉĂŶƚŚ ^ĂŵĂũ ĐĂƚĞŐŽƌŝĐĂůůǇ ƉĂƐƐ ƉĞƌƐŽŶĂů ĚĞƌŽŐĂƚŽƌǇ ĂŶĚ ůŽǁůǇ ƌĞŵĂƌŬƐ͘ /ƚ ƐĞĞŵƐ ƚŚĞǇ ĐĂŶŶŽƚ ƌĞƐƉĞĐƚ Ă ƉĞƌƐŽŶ ŚĂǀŝŶŐ Ă ĚŝĨĨĞƌĞŶƚ ǀŝĞǁ ƉŽŝŶƚ͘ dŚĞ ŵŽŵĞŶƚ ƚŚĞǇ ĂƌĞ ůĞĨƚ ǁŝƚŚ ŶŽ ƉŽŝŶƚ ƚŽ ĚĞďĂƚĞ ŝŶ ƚŚĞŝƌ ĨĂǀŽƵƌ͕ ƚŚĞƐĞ ƉĞŽƉůĞ ƐƚĂƌƚ ƚĂƌŐĞƚŝŶŐ ƚŚĞ ŽƚŚĞƌ ƉĞƌƐŽŶ Ăƚ ƉĞƌƐŽŶĂů ůĞǀĞů͘ ; ŐĂŝŶ ƚǇƉŝĐĂů ƚĂƋŝǇǇĂϭ ƐƚǇůĞͿ͘ dŚĞǇ ĞǀĞŶ ŐŽ ƚŽ ƚŚĞ ĞǆƚĞŶƚ ŽĨ ƵƐŝŶŐ ĂďƵƐŝǀĞ ĂŶĚ ĚŝƐͲƌĞƐƉĞĐƚĨƵů ůĂŶŐƵĂŐĞ͘ &ĂůƐĞůǇ ƚĂŬŝŶŐ ŶĂŵĞƐ ŽĨ ƉĞŽƉůĞ͕ ĚƌĂŐŐŝŶŐ ƌŝǀĂůƐ ŝŶƚŽ

-XQ

3DJH RI ZZZ UHDOSDWLGDU FRP PDLO#UHDOSDWLGDU FRP

6RPH ,PSRUWDQW :HEVLWHV RQ 6DWSDQWK 6HULHV $ %

5HDO 3DWLGDU 0DLO 6HULHV $ &ODULILFDWLRQ RQ 6HULHV HPDLO

3DJH RI

HDOSDWLGDU FRP PDLO#UHDOSDWLG GDU FRP ZZZ UH

ĐŽŶƚƌŽǀĞƌƐǇ ĞƚĐ ŝƐ ŶŽƌŵĂů ĨŽƌ ƚŚĞƐĞ ƉĞŽƉůĞ͘ dŚŝƐ ƐĞĞŵƐ ƚŽ ďĞ ƚŚĞŝƌ ŚŝƐƚŽƌŝĐĂů ƉĂƚƚĞƌŶ ŽĨ ŵĂŬŝŶŐ ƉĞƌƐŽŶĂů ĚĞƌŽŐĂƚŽƌǇ ƌĞŵĂƌŬƐ ĂŐĂŝŶƐƚ EĂƌĂǇĂŶ ZĂŵũŝ >ŝŵďĂŶŝ͕ sĂůĚĂƐ DĂŚĂƌĂũ͕ ĞƚĐ /s ʹ ŝǀĞƌƚŝŶŐ ĂƚƚĞŶƚŝŽŶ ďǇ ƌĂŝƐŝŶŐ ƵŶĐŽŶŶĞĐƚĞĚ ŝƐƐƵĞƐ dŚĞƐĞ ĂƌĞ ƚŚĞ ǀĞƌǇ ƐĂŵĞ ƉĞŽƉůĞ͕ ǁŚŽ ďǇ ĚŽŝŶŐ ƐŽ͕ ŬĞĞƉ ŽŶ ƚƌǇŝŶŐ ƚŽ ƌĂŝƐĞ ƵŶŶĞĐĞƐƐĂƌǇ ĂŶĚ ƵŶĐŽŶŶĞĐƚĞĚ ŝƐƐƵĞƐ Ăƚ ƚŚŝƐ ƉŽŝŶƚ ŽĨ ƚŝŵĞ ĂŶĚ ĚŝǀĞƌƚϭ ƚŚĞ ĂƚƚĞŶƚŝŽŶ ŽĨ ƚŚĞ ǁŚŽůĞ ƐĂŵĂũ ĂǁĂǇ ĨƌŽŵ ƚŚĞ ƌĞĂů ŝƐƐƵĞ ƚŚĂƚ ŝƐ ĨĂĐƚƐ ĂďŽƵƚ ƐĂƚƉĂŶƚŚ͘ dŚĞǇ ŬĞĞƉ ŽŶ ƌĞƉĞĂƚŝŶŐ ;ǁŚŝĐŚ ŐĞƚƐ ďŽƌŝŶŐ ŵĂŶǇ ƚŝŵĞƐͿ ƚŚŝŶŐƐ ĂďŽƵƚ ƐĂŵĂũ͛Ɛ ƵŶŝƚǇ͕ ǁŚŝĐŚ ŝƐ Ă ŶŽŶͲŝƐƐƵĞ ŚĞƌĞ͘ ŽƚŚ ƐĂŵĂũ͛Ɛ ĂƌĞ ĚŝĨĨĞƌĞŶƚ͘ dŚĞƌĞ ŝƐ ŶŽ ƋƵĞƐƚŝŽŶ ŽĨ ďƌĞĂŬŝŶŐ ƚŚĞ ƐĂŵĂũ͘ ^ŽŵĞ ^ĂƚƉĂŶƚŚŝƐ ŵŝŐŚƚ ŚĂǀĞ ǁƌŽŶŐůǇ ĞŶƚĞƌĞĚ ^ĂŶĂƚĂŶ ƐĂŵĂũ͕ ďƵƚ ƚŚĞ ƉƌŽĐĞƐƐ ŽĨ ŝĚĞŶƚŝĨǇŝŶŐ ĂŶĚ ƌĞŵŽǀŝŶŐ ƚŚĞŵ ŚĂƐ ƐƚĂƌƚĞĚ ĂŶĚ ƐŽŽŶ ƚŚĞǇ ǁŝůů ďĞ ǁĞĞĚĞĚ ŽƵƚ ŽĨ ^ĂŶĂƚĂŶ ƐĂŵĂũ͘ dŚĞ ƌĞĂů ƉƌŽďůĞŵ ŝƐ ƚŚĂƚ ƉĞŽƉůĞ ǁŚŽ ŐĞƚ ĂƚƚƌĂĐƚĞĚ ƚŽǁĂƌĚƐ ^ĂƚƉĂŶƚŚ ĚŚĂƌŵ ĨĂůƐĞůǇ ďĞůŝĞǀŝŶŐ ŝƚ ƚŽ ďĞ Ă ,ŝŶĚƵ ĚŚĂƌŵ͕ ŶĞĞĚƐ ƚŽ ďĞ ĞĚƵĐĂƚĞĚ ĂďŽƵƚ͘ dŚĂƚ ŝƐ ƚŚĞ ŶĞĞĚ ŽĨ ƚŝŵĞ͘ sͲ /ŵĂŵƐŚĂŚ ďŽŽŬƐ dŚŝƐ ƉƌŽďůĞŵ ŐĞƚƐ ĂŐŐƌĂǀĂƚĞĚ ďǇ ƚŚĞ ĨĂĐƚ ƚŚĂƚ ^ĂƚƉĂŶƚŚ ƐĂŵĂũ ƉƌĂĐƚŝĐĞƐ dĂƋŝǇǇĂϭ͕ ǁŚŝĐŚ ĞŶĂďůĞƐ ŝƚ ƚŽ ŚŝĚĞ ƚŚĞŝƌ ƌĞĂů ŝĚĞŶƚŝƚǇ ĂŶĚ ĨĂŝƚŚ͘ ůƐĞ ƚŚĞƌĞ ŝƐ ŶŽ ƌĞĂƐŽŶ͕ ;ŝŶ ůŝŐŚƚ ŽĨ ĐůĂŝŵƐ ŵĂĚĞ ďǇ ŵĂŶǇ ƚŚĂƚ ^ĂƚƉĂŶƚŚ ƐĂŵĂũ ŚĂƐ ŝŶƚƌŽĚƵĐĞĚ ƌĂĚŝĐĂů ĐŚĂŶŐĞƐͿ ǁŚǇ ǁŽƵůĚ ƚŚĞǇ Ɛƚŝůů ƐƚŝĐŬ ďǇ /ŵĂŵ ^ŚĂŚ͘ ;ZĞĂĚ ƚŚĞ ƐĂŵĂũ͛Ɛ ŚŝƐƚŽƌǇ ƚŽ ƵŶĚĞƌƐƚĂŶĚ ƚŚĞ ĨŽƌĞŐŽŝŶŐ ƐƚĂƚĞŵĞŶƚ͘Ϳ dŚĞ ĐůĂŝŵƐ ƚŚĂƚ ďŽŽŬƐ ĂŶĚ ƌŝƚƵĂůƐ ŚĂǀĞ ďĞĞŶ ĐŚĂŶŐĞĚ ĂƌĞ ũƵƐƚ ƚŽ ĨŽŽů ĂŶĚ ĂƚƚƌĂĐƚ ƉĞŽƉůĞ ƚŽǁĂƌĚƐ ŝƚ͘ EŽŵĞŶĐůĂƚƵƌĞ ŚĂǀĞ ďĞĞŶ ĐŚĂŶŐĞĚ ĂŶĚ ďƵƚ ŬĞƉƚ ŝĚĞŶƚŝĐĂů ƚŽ ƚŚĞ ĨƵŶĚĂŵĞŶƚĂůƐ ŽĨ ^ĂƚƉĂŶƚŚϭ͘ hŶĨŽƌƚƵŶĂƚĞůǇ ƚŚĞǇ ĐŽƵůĚ ŶŽƚ ĨŝŶĚ Ă ƌĞƉůĂĐĞŵĞŶƚ ŽĨ ŝŵĂŵ ƐŚĂŚ ĂŶĚ WŝƌĂŶĂ͕ ĞůƐĞ ŶŽ ǁŽƵŶĚĞƌ ƚŚĞǇ ǁŽƵůĚ ŚĂǀĞ ĐŚĂŶŐĞĚ ƚŚĂƚ ĂůƐŽ͘ dŚĞ ďŽŽŬƐ ǁŚŝĐŚ ǁĞƌĞ ƉƌĂĐƚŝĐĞĚ ĨŽƌ ĐĞŶƚƵƌŝĞƐ ƚŽŐĞƚŚĞƌ ǁĞƌĞ ĚŝƐĐĂƌĚĞĚ͕ ũƵƐƚ ďĞĐĂƵƐĞ ƚŚĞ /ƐůĂŵŝĐ ĞůĞŵĞŶƚ ǁĂƐ ǀĞƌǇ ĐůĞĂƌ ƚŚĞƌĞ͘ ,Žǁ ĐĂŶ Ă ƌĞůŝŐŝŽŶ ŽĨ ŵŽƌĞ ƚŚĂŶ ϱϬϬ ǇĞĂƌƐ ŽůĚ ŚĂǀĞ ŝƚƐ ƌĞůŝŐŝŽŶƐ ďŽŽŬƐ ǁŚŝĐŚ ĂƌĞ ũƵƐƚ ĨĞǁ ǇĞĂƌƐ ŽůĚ͍ ^ŽŵĞ ŽǀĞƌ ƐŵĂƌƚ ƉĞŽƉůĞ ŽŶ ƚŚĞŝƌ ƐŝĚĞ ĞǀĞŶ ŐŽ ƚŽ ƚŚĞ ĞǆƚĞŶƚ ƐĂǇŝŶŐ ƚŚĂƚ ŽůĚ ďŽŽŬƐ ŶĞǀĞƌ ĞǆŝƐƚĞĚ͘ Ž ƚŚĞǇ ƚŚŝŶŬ ƚŚĂƚ ƚŚĞ ƐĂŵĂũƐ ŽĨ ďŽƚŚ ƐŝĚĞƐ ĂƌĞ ĨŽŽů͍ dŚŝƐ ŝƐ ŶŽƚŚŝŶŐ ďƵƚ Ă ĐŚŝůĚŝƐŚ ĂƌŐƵŵĞŶƚ͘ EŽďŽĚǇ ďƵǇƐ ƚŚĞŝƌ ĂƌŐƵŵĞŶƚ͘ ^ŝŵŝůĂƌůǇ͕ ďǇ ĐĂůůŝŶŐ Ă ͞<ĂďĂƌ͟ ĂƐ ͞^ĂŵĂĚŚŝ͟ ĚŽĞƐ ŶŽƚ ŵĂŬĞ ŝƚ Ă ͞^ĂŵĂĚŚŝ͘͟ Ǉ ĐĂůůŝŶŐ Ă ͞ĚĂƌŐĂŚ͟ ĂƐ ͞WƌĞƌŶĂ WŝƚŚ͕͟ ĚŽĞƐ ŶŽƚ ŵĂŬĞ ŝƚ ƐŽ͘ ƚŚĂƌǀ sĞĚƐ ǁŚŝĐŚ ƚŚĞǇ ĨŽůůŽǁ ŝƐ ĂůƐŽ ĐŽƌƌƵƉƚĞĚ> @͘ s/ ʹ DĂůŝĐŝŽƵƐ ŝŶƚĞŶƚ ďǇ ĨĂůƐĞ ƉƌŽƉĂŐĂŶĚĂ EŽƚ ŽŶůǇ ŝƐ ƚŚŝƐ͕ ďƵƚ ĨƌĞƐŚ ĂƚƚĞŵƉƚƐ ƚŽ ĐŚĂŶŐĞ ƚŚĞ ĂŐĞ ŽůĚ͕ ƚŝŵĞ ƚĞƐƚĞĚ͕ ƉƌŽŽĨƐ Ɛƚŝůů ĂƚƚĞŵƉƚĞĚ͘ &Ğǁ ĚĂǇƐ ďĂĐŬ ƐŽŵĞ ƉĞŽƉůĞ ƚƌŝĞĚ ƚŽ ƌĞƉůĂĐĞ ƚŚĞ ŵĞĂŶŝŶŐ ŽĨ ^ĂƚƉĂŶƚŚ> @ ŽŶ tŝŬŝƉĞĚŝĂ͘ zŽƵ ĐĂŶ ƐĞĞ ƚŚĞ ǁŚŽůĞ ƚƌĂŝů ŽĨ ƚŚĞ ĂƚƚĞŵƉƚ ŚĞƌĞ ŚƚƚƉ͗ͬͬĞŶ͘ǁŝŬŝƉĞĚŝĂ͘ŽƌŐͬǁͬŝŶĚĞǆ͘ƉŚƉ͍ƚŝƚůĞс^ĂƚƉĂŶƚŚΘ ĂĐƚŝŽŶсŚŝƐƚŽƌǇ͘ ;dŚŽƵŐŚ Ăƚ ƉƌĞƐĞŶƚ ;ϭϰͲ:ƵŶͲϮϬϭϬ ϭϬ͗ϬϬ D /^dͿ ŚƚƚƉ͗ͬͬĞŶ͘ǁŝŬŝƉĞĚŝĂ͘ŽƌŐͬǁŝŬŝͬ ^ĂƚƉĂŶƚŚ ĚŝƐƉůĂǇƐ ƚŚĞ ĐŽƌƌĞĐƚ ŵĞĂŶŝŶŐ͕ ǇŽƵ ĐĂŶ ƐĞĞ ƚŚĞ ĂƚƚĂĐŚŵĞŶƚƐ ǁŝƚŚ ƚŚŝƐ ĞŵĂŝů ƚŽ ƵŶĚĞƌƐƚĂŶĚ ƚŚĞ ĐŚĂŶŐĞƐ ŵĂĚĞ Ăƚ ŚƚƚƉ͗ͬͬĞŶ͘tŝŬŝƉĞĚŝĂ͘ŽƌŐͿ dŚĞƐĞ ǀĞƌǇ ƐĂŵĞ ƉĞŽƉůĞ ŚĂǀĞ ƵƉůŽĂĚĞĚ ĐŽŵƉůĞƚĞůǇ ǁƌŽŶŐ ŝŶĨŽƌŵĂƚŝŽŶ ŽŶ tŝŬŝƉĞĚŝĂ͘ŽƌŐ ĂďŽƵƚ ͞<ƵƚĐŚ <ĂĚǀĂ WĂƚŝĚĂƌ͟> @͘ dŚĞ ůŝƐƚ ŝƐ ĞŶĚůĞƐƐ͘ ^ŽŵĞ ŽĨ ƚŚĞ ƉŽŝŶƚƐ ǇŽƵ ĐĂŶ ƐĞĞ ŽŶ ŚƚƚƉ͗ͬͬŝƐƐƵƵ͘ĐŽŵͬƉĂƚŝĚĂƌ ĂŶĚ ŵĂŶǇ ǁŝůů ĨŽůůŽǁ͕ ďǇ ŵǇ ĞŵĂŝůƐ͘ / ǁŽƵůĚ ŶŽƚ ďĞ ƐƵƌƉƌŝƐĞĚ͕ ŝĨ ƐŽŵĞŽŶĞ ĂůůĞŐĞƐ ƚŚĂƚ / ǁĂƐ ďĞŚŝŶĚ ƚŚĞƐĞ ĐŚĂŶŐĞƐ͘ ;/Ĩ ĚŽŶĞ͕ ƚŚĞŶ ƌĞŵĞŵďĞƌ ƚĂƋŝǇǇĂϭ ǁŝůů ďĞ ƉƌĂĐƚŝĐĞĚ ŚĞƌĞ ĂůƐŽͿ͘ WĞŽƉůĞ ǁŚŽ ƉƵƚ ƚƌƵƐƚ ŽŶ ƚŚĞƐĞ ƉĞŽƉůĞ ƐŚŽƵůĚ ďĞǁĂƌĞ͘ EŽďŽĚǇ ŬŶŽǁƐ ŚŽǁ ƚƌƵĞ͕ ƚŚĞ ƉƌŽŽĨƐ ĂƌĞ͕ ƚŚĂƚ ĂƌĞ ƉƌĞƐĞŶƚĞĚ͘ DŽƐƚ ƉƌŽďĂďůǇ ƚŚĞǇ ĂƌĞ ĨĂďƌŝĐĂƚĞĚ͘ ^ĂŵĂũ ŚĂƐ ǁŝƚŶĞƐƐĞĚ ƚŚŝƐ ŝŶ ŽƵƌ ƌĞĐĞŶƚ ŚŝƐƚŽƌǇ͘

-XQ

3DJH RI ZZZ UHDOSDWLGDU FRP PDLO#UHDOSDWLGDU FRP

6RPH ,PSRUWDQW :HEVLWHV RQ 6DWSDQWK 6HULHV $ %

5HDO 3DWLGDU 0DLO 6HULHV $ &ODULILFDWLRQ RQ 6HULHV HPDLO

3DJH RI

HDOSDWLGDU FRP PDLO#UHDOSDWLG GDU FRP ZZZ UH

WW > Ͳ d,Kh',d WZKsK</E' Ƶƚ / ǁŽƵŶĚĞƌ͕ ǁŚǇ ƐŽŵĞ ƉĞŽƉůĞ ŐĞƚ ƐŽ ĨĞĂƌĨƵů ĂŶĚ ĂŶŐƌǇ͕ ǁŚĞŶ ŵŝƌƌŽƌ ŽĨ ŚŝƐƚŽƌǇ ŝƐ ƉƵƚ ďĞĨŽƌĞ ƚŚĞŵ͘ / ƚŚŝŶŬ ŝŶƐƚĞĂĚ ŽĨ ĚĞŶǇŝŶŐ ƚŚĞ ĨĂĐƚƐ͕ ƚŚĞǇ ƐŚŽƵůĚ ŽƉĞŶůǇ ĂĐĐĞƉƚ ƚŚĞ ĨĂĐƚƐ͘ KŶůǇ ƚŚĞŶ ƚŚĞǇ ǁŝůů ŐĞƚ ƌĞƐƉĞĐƚĞĚ ŝŶ ƚŚĞ ƐŽĐŝĞƚǇ͘ / ŚĂǀĞ ŶŽ ƌŝǀĂůƌǇ ĂŐĂŝŶƐƚ ĂŶǇďŽĚǇ͘ EŽƌ ĚŽ / ŚĂǀĞ ĂŶǇ ƐŽƌƚ ŽĨ ƉĞƌƐŽŶĂů ŝŶƚĞƌĞƐƚ͘ / ǁŽƌŬ ŽŶůǇ ǁŝƚŚ ƚŚĞ ƐŝŶŐůĞ Ăŝŵ ŽĨ ƉƌŽǀŝĚŝŶŐ ƉĞŽƉůĞ ǁŝƚŚ ƚŚĞ ŝŶĨŽƌŵĂƚŝŽŶ ĂŶĚ ƚŚƵƐ ĞĚƵĐĂƚŝŶŐ ƚŚĞŵ͘ /Ĩ / ŚĂĚ ĂŶǇ ƉĞƌƐŽŶĂů ŝŶƚĞƌĞƐƚ͕ ƚŚĞŶ / ǁŽƵůĚ ŚĂǀĞ ĚŝƐĐůŽƐĞĚ ŵǇ ƚƌƵĞ ŝĚĞŶƚŝƚǇ͘ ZĞĂů WĂƚŝĚĂƌ ϭϰͲ:ƵŶͲϮϬϭϬ

> @ ^ĞĞ Ͳ ŚƚƚƉ͗ͬͬŝƐƐƵƵ͘ĐŽŵͬƉĂƚŝĚĂƌͬĚŽĐƐͬƐĞƌŝĞƐͺϭϯͺͲƚĂŝƋǇǇĂͺĂŶĚͺŝƚƐͺƵƐĞͺďǇͺƉŝƌĂŶĂͺƐĂƚƉĂŶƚŚ͍ŵŽĚĞсĂͺƉ > @ ^ĞĞ Ͳ ŚƚƚƉ͗ͬͬŝƐƐƵƵ͘ĐŽŵͬƉĂƚŝĚĂƌͬĚŽĐƐͬŽĞϯͺͲĂƚƚĂĐŚŵĞŶƚͺͲĐŚŚĂŵĂͺŵĂĂĨŝ > @ ^ĞĞ Ͳ ŚƚƚƉ͗ͬͬŝƐƐƵƵ͘ĐŽŵͬƉĂƚŝĚĂƌͬĚŽĐƐͬŽĞϯͺͲŝŵĂŵͺƐŚĂŚͺďĂǀĂͺƐĂƚŚĞͺŶŝͺǀĂƌƚĂͺůĂĂƉ > @ ^ĞĞ Ͳ ŚƚƚƉ͗ͬͬŝƐƐƵƵ͘ĐŽŵͬƉĂƚŝĚĂƌͬĚŽĐƐͬĂƚŚĂƌǀͺǀĞĚͺƐŚůŽŬͺĐŽŵƉĂƌŝƐŽŶͺͲĚ > @ ^ĞĞ Ͳ WĂŐĞ Ϯ ŽĨ ŚƚƚƉ͗ͬͬŝƐƐƵƵ͘ĐŽŵͬƉĂƚŝĚĂƌͬĚŽĐƐͬƐĞƌŝĞƐͺϯͺͲƉŝƌĂŶĂͺƐͺĂŬŚĂŶĚͺũǇŽƚͺͲϰ͍ŵŽĚĞсĂͺƉ > @ ^ĞĞ Ͳ ŚƚƚƉ͗ͬͬĞŶ͘ǁŝŬŝƉĞĚŝĂ͘ŽƌŐͬǁŝŬŝͬ<ƵƚĐŚͺŬĂĚǀĂͺƉĂƚŝĚĂƌ ĂŶĚ ŚƚƚƉ͗ͬͬĞŶ͘ǁŝŬŝƉĞĚŝĂ͘ŽƌŐͬǁŝŬŝͬ<ƵƚĐŚͺŬĂĚǁĂͺƉĂƚŝĚĂƌ 7R IXOO\ XQGHUVWDQG WKH FRQWHQWV RI WKLV HPDLO \RX PD\ EH UHTXLUHG WR UHDG HPDLO ZLWK 6HULHV LQ WKH VXEMHFW OLQH 6HH KHUH IRU 6HULHV HPDLO KWWS LVVXX FRP SDWLGDU GRFV VHULHVB B FRYHULQJBHPDLOBFRQWHQWV 7R NQRZ PRUH YLVLW KWWS LVVXX FRP SDWLGDU RU VHQG D UHTXHVW PDLO WR PDLO#UHDOSDWLGDU FRP 3OHDVH IRUZDUG DV PDQ\ HPDLO DGGUHVV RI RXU VDPDM PHPEHUV DV SRVVLEOH WR PDLO#UHDOSDWLGDU FRP LQ RUGHU WR LQFUHDVH WKH UHDFK DQG VSUHDG WKH DZDUHQHVV

DWWDFKPHQWV :LNLSHGLD 6DWSDQWK 2ULJLQDO SGI . :LNLSHGLD 6DWSDQWK &KDQJHG SGI .

-XQ

3DJH RI ZZZ UHDOSDWLGDU FRP PDLO#UHDOSDWLGDU FRP

6RPH ,PSRUWDQW :HEVLWHV RQ 6DWSDQWK 6HULHV $ %

6DWSDQWK :LNLSHGLD WKH IUHH HQF\FORSHGLD

3DJH RI

HDOSDWLGDU FRP PDLO#UHDOSDWLG GDU FRP ZZZ UH

6DWSDQWK

2LULJLQDO 'HILQLWLRQ RI 6DWSDQWK

)URP :LNLSHGLD WKH IUHH HQF\FORSHGLD

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

7UXH 3DWK 7KH\ ZHUH WKHQ JLYHQ WKH WLWOH RI .KRMD WR UHSODFH WKHLU WLWOH RI 7KDNNDU

&RQWHQWV ┼╢ 7KH 3HRSOH ┼╢ /HDGHUVKLS ┼╢ %HOLHIV DERXW WKH /HDGHUVKLS ┼╢ 2ULJLQ ┼╢ 5LWXDOV ┼╢ 6FULSWXUH ┼╢ 5HIHUHQFHV

7KH 3HRSOH 7KH SHRSOH RI WKH 6DWSDQWK FRQVLVW PRVWO\ RI KLJK FDVWH FRQYHUWV IURP WKH /RKDQDV 2WKHUV DUH IURP 5DMSXW PHUFKDQW DQG IDUPLQJ FDVWHV 6RPH DUH PLJUDQWV IURP QHLJKERXULQJ ,QGLDQ VWDWHV RI 0DGK\D 3UDGHVK 3XQMDE DQG 5DMDVWKDQ WKDW QRZ UHVLGH LQ *XMDUDW PDLQO\ WKH .XWFK DQG FRPPHUFLDO DUHDV DQG 0XPEDL 6RPH FRPPXQLWLHV DUH NQRZQ WR KHDYLO\ FRQWLQXH WR WKH SUDFWLFH RI WDTL\\D KLGLQJ DQ\ DQG DOO ,VODPLF FRQWHQW RI WKHLU IDLWK

/HDGHUVKLS 7KH FXUUHQW KHDG RI WKH PDLQVWUHDP 6DWSDQWK 1L]DUL ,VPDLOL FRPPXQLW\ LV + + 6KDK .DULP $O +XVD\QL $JD .KDQ ,9 ZKLOH WKH ,PDP 6KDKL VHFW UHMHFWV WKH LGHD RI DQ $JD .KDQ DOWRJHWKHU DQG LQVWHDG KDYH HOHFWHG FRPPLWWHHV ZLWKLQ HDFK VHWWOHPHQW

KWWS HQ ZLNLSHGLD RUJ ZLNL 6DWSDQWK

3DUW RI D VHULHV RQ 6K╞п┬╡DK ,VODP

,VP┼ЕтАл▐ПтАм┼ЭOLVP

&RQFHSWV 7KH 4XU ╞ЧQ ─Б 7KH *LQDQV 5HLQFDUQDWLRQ ─Б 3DQHQWKHLVP ,P╞ЧP ─Б 3LU ─Б '╞Ч┬╡╞п O 0XрзмODT ┬╡$TO ─Б 1XPHURORJ\ ─Б 7DTL\\D ─й╞ЧKLU ─Б %╞ЧрзмLQ 6HYHQ 3LOODUV *XDUGLDQVKLS ─Б 3UD\HU ─Б &KDULW\ )DVWLQJ ─Б 3LOJULPDJH ─Б 6WUXJJOH 3XULW\ ─Б 3URIHVVLRQ RI )DLWK +LVWRU\ 6KRDLE ─Б 1DEL 6KX D\E 6HYHQHUV ─Б 4DUPDWLDQV )DWLPLGV ─Б %DJKGDG 0DQLIHVWR +DIL]L ─Б 7DL\DEL ─Б $LQVDULL +DVVDQ L 6DEEDK ─Б $ODPXW 6LQDQ ─Б +DVKVKDVK╞пQ 3LU 6DGDUGLQ ─Б 6DWSDQWK $JD .KDQ ─Б -DPD DW .KDQD (DUO\ ,PDPV $OL ─Б ржгDVVDQ ─Б ржгXVDLQ DV 6DMMDG ─Б DO %DTLU ─Б Dрзв рзб╞ЧGLT ,VP╞Ч┬╡╞пO ─Б 0XрждDPPDG $рждPDG ─Б DW 7DT╞п ─Б D] =DN╞п DO 0DKG╞п ─Б DO 4╞Ч LP ─Б DO 0DQрзв╟МU DO 0X┬╡L]] ─Б DO ┬╡$]╞п] ─Б DO ржг╞ЧNLP

0DU

3DJH RI ZZZ UHDOSDWLGDU FRP PDLO#UHDOSDWLGDU FRP

6RPH ,PSRUWDQW :HEVLWHV RQ 6DWSDQWK 6HULHV $ %

6DWSDQWK :LNLSHGLD WKH IUHH HQF\FORSHGLD

3DJH RI

HDOSDWLGDU FRP PDLO#UHDOSDWLG GDU FRP ZZZ UH

%HOLHIV DERXW WKH /HDGHUVKLS 6DWSDQWK IROORZHUV FDOOHG 0XUHHGV EHOLHYH WKDW WKH SK\VLFDO IRUP RI WKH ,PDP LV PHUHO\ D YHVVHO IRU WKH VSLULWXDO ,PDP ZKLFK LV 1RRU RU HWHUQDO /LJKW 7KH\ DOVR EHOLHYH WKDW KLV IDUPDQV SURFODPDWLRQV KLV VKDEG ZRUG DQG KLV IRUPOHVV EHLQJ 1LUDQMDQ 1LUDNDU 6ZDURRS DUH WKH UHDO ,PDP 7KLV FRQFHSW RI DQ HVRWHULF ,PDP DQG DQ H[RWHULF ,PDP LV FDOOHG %DDWLQL ,PDP DQG =DDKLUL ,PDP 6DWSDQWK GHYRWHHV EHOLHYH LQ 1RRUDQL 'HHGDU ZKLFK LV WKH 9LVLRQ RI /LJKW RU (QOLJKWHQPHQW VSLULWXDO RQH JHWV ZKHQ RQH YLHZV WKH 7UXH ,PDP 7KLV DJDLQ KDV DQ HVRWHULF DQG DQ H[RWHULF PHDQLQJ

2ULJLQ

D] =╞ЧKLU ─Б DO 0XVWDQVLU ─Б 1L]╞ЧU DO 0XVWD╞НO╞п ─Б DO $P╞пU ─Б DO 4╞ЧрзвLP *URXSV OHDGHUV 1L]╞ЧU╞п $JD .KDQ ,9 'DZ╟МG╞п %XUKDQXGGLQ 6XODLPDQ╞п $O )DNKUL $EGXOODK $ODY╞п рзлD\\LE =L\╞Ч X G '╞пQ $WED L 0DODN %DGUD $PLUXGGLQ $WED L 0DODN 9DNLO 5D]]DN +HEWLDKV

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` EHLQJ SLFNHG XS DW LQWHUYDOV $Q\ LQGLYLGXDO RI DQ\ DJH ZKR LV IXOO\ YHUVHG LQ WKH +RO\ 'XD FDQ OHDG WKH SUD\HU

6FULSWXUH 7KH +RO\ :ULW RI WKH 6DWSDQWK WUDGLWLRQ LV WKH FROOHFWLRQ RI *LQDQV ZULWWHQ E\ YDULRXV PHGLHYDO 3LUV PRVW QRWDEO\ 3LU 6DGUXGGLQ DQG 3LU 6DWJXU 1XU

5HIHUHQFHV 'U $]L] (VPDLO $ 6FHQW RI 6DQGDOZRRG ,QGR ,VPDLOL 5HOLJLRXV /\ULFV /RQGRQ &XU]RQ LQ DVVRFLDWLRQ ZLWK 7KH ,QVWLWXWH RI ,VPDLOL 6WXGLHV SS [L $XJXVW 'U 'RPLQLTXH 6LOD .KDQ &URVVLQJ WKH 7KUHVKROG 8QGHUVWDQGLQJ 5HOLJLRXV ,GHQWLWLHV LQ 6RXWK $VLD /RQGRQ , % 7DXULV LQ DVVRFLDWLRQ ZLWK 7KH ,QVWLWXWH RI ,VPDLOL 6WXGLHV SS 0D\ 6RQJV RI :LVGRP DQG &LUFOHV RI 'DQFH +\PQV RI WKH 6DWSDQWK ,VPD LOL 0XVOLP 6DLQW 3LU 6KDPV 7D]LP 5 .DVVDP

KWWS HQ ZLNLSHGLD RUJ ZLNL 6DWSDQWK

0DU

3DJH RI ZZZ UHDOSDWLGDU FRP PDLO#UHDOSDWLGDU FRP

6RPH ,PSRUWDQW :HEVLWHV RQ 6DWSDQWK 6HULHV $ %

6DWSDQWK :LNLSHGLD WKH IUHH HQF\FORSHGLD

3DJH RI

HDOSDWLGDU FRP PDLO#UHDOSDWLG GDU FRP ZZZ UH

5HWULHYHG IURP KWWS HQ ZLNLSHGLD RUJ ZLNL 6DWSDQWK &DWHJRULHV 6XILVP _ ,VPDLOLVP Ŷ 7KLV SDJH ZDV ODVW PRGLILHG RQ )HEUXDU\ DW Ŷ 7H[W LV DYDLODEOH XQGHU WKH &UHDWLYH &RPPRQV $WWULEXWLRQ 6KDUH$OLNH /LFHQVH DGGLWLRQDO WHUPV PD\ DSSO\ 6HH 7HUPV RI 8VH IRU GHWDLOV :LNLSHGLD LV D UHJLVWHUHG WUDGHPDUN RI WKH :LNLPHGLD )RXQGDWLRQ ,QF D QRQ SURILW RUJDQL]DWLRQ

KWWS HQ ZLNLSHGLD RUJ ZLNL 6DWSDQWK

0DU

3DJH RI ZZZ UHDOSDWLGDU FRP PDLO#UHDOSDWLGDU FRP

6RPH ,PSRUWDQW :HEVLWHV RQ 6DWSDQWK 6HULHV $ %

6DWSDQWK :LNLSHGLD WKH IUHH HQF\FORSHGLD

3DJH RI

GDU FRP ZZZ UHDOSDWLGDU FRP PDLO#UHDOSDWLG

&KDQJHG EXW :URQJ GHILQLWLRQ RI 6DWSDQWK

6DWSDQWK )URP :LNLSHGLD WKH IUHH HQF\FORSHGLD

6DWSDQWK 6DWSDQWK LV 7UXH 3DWK QDUD\DQ FKKH WK\D VDW\D FKKH DH VDW\D QD UDK XSHU MH FKKH H VDWSDQWKL NDKYDD\ LPDPVKDK PDKDUDM JLYH WKH VDWSDQWK QDPH EHFDXVH 6$7 PHDQV 758( DQG 3$17+ PHDQV :$< 6DW 6DQWK 6$73$17+ 758( 3$7+ &RQWHQWV >KLGH@

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¶W EHOLHYH LQ ,GRO ZRUVKLSLQJ 6FULSWXUH 7KH +RO\ :ULW RI WKH 6DWSDQWK WUDGLWLRQ LV WKH FROOHFWLRQ RI *LQDQV ZULWWHQ E\ YDULRXV PHGLHYDO 3LUV PRVW QRWDEO\ 3LU 6DGUXGGLQ UDPGHY SLU DQG 3LU 6DWJXU 1XU 5HWULHYHG IURP KWWS HQ ZLNLSHGLD RUJ ZLNL 6DWSDQWK Ŷ 7KLV SDJH ZDV ODVW PRGLILHG RQ -XQH DW Ŷ 7H[W LV DYDLODEOH XQGHU WKH &UHDWLYH &RPPRQV $WWULEXWLRQ 6KDUH$OLNH /LFHQVH DGGLWLRQDO WHUPV PD\ DSSO\ 6HH 7HUPV RI 8VH IRU GHWDLOV :LNLSHGLD LV D UHJLVWHUHG WUDGHPDUN RI WKH :LNLPHGLD )RXQGDWLRQ ,QF D QRQ SURILW RUJDQL]DWLRQ Ŷ 3ULYDF\ SROLF\ Ŷ $ERXW :LNLSHGLD Ŷ 'LVFODLPHUV

KWWS HQ ZLNLSHGLD RUJ ZLNL 6DWSDQWK

-XQ

3DJH RI ZZZ UHDOSDWLGDU FRP PDLO#UHDOSDWLGDU FRP

6RPH ,PSRUWDQW :HEVLWHV RQ 6DWSDQWK 6HULHV $ %

5HDO 3DWLGDU 0DLO 6HULHV % *XMDUDWL 7UDQVODWLRQ &ODULILFDWLRQ RQ 6HULHV HPDLO

3DJH RI

DOSDWLGDU FRP PDLO#UHDOSDWLG GDU FRP 5HDO 3DWLGDU PDLO#UHDOSDWLGDU FRP!

6HULHV % *XMDUDWL 7UDQVODWLRQ &ODULILFDWLRQ RQ 6HULHV HPDLO 5HDO 3DWLGDU PDLO#UHDOSDWLGDU FRP! 7R 5HDO 3DWLGDU PDLO#UHDOSDWLGDU FRP!

6DW -XQ DW $0

-XQ &ODULILFDWLRQ RQ ZHEVLWHV PHQWLRQHG LQ 6HULHV HPDLO DQG W\SLFDO 6DWSDQWKL 7DFWLFV 6HULHV Wh HPDLO \h KRhap_ ZHEVLWH X^ aȴk \h eSj 7Wp e5\pbWh dSX5Tj UhaXpI , :HEVLWHV ± 'RPDLQ 1DPHV , DP KDSS\ WKDW SHRSOH KDYH IRXQG WKH ZHEVLWH GRPDLQ QDPH VXJJHVWHG LQ VHULHV HPDLO XVHIXO LQ REWDLQLQJ KLVWRULFDO NQRZOHGJH RI 6DWSDQWK )HZ SHRSOH JRW FRQIXVHG DQG ZDQWHG WR FKHFN ZKHWKHU WKH FRQWHQWV RI ZHEVLWHV VXJJHVWHG E\ LQ P\ 6HULHV HPDLO DUH ZULWWHQ E\ PH , DP VXUH VRPH VHOI SURFODLPHG H[SHUWV LQ FRPSXWHU NQRZOHGJH ZRXOG KDYH DWWHPSWHG WR VSUHDG WKLV PLVLQIRUPDWLRQ W\SLFDO WDTL\\D> @ VW\OH \Wp 8W5U Jp Dh^R D° _sDsWp dSX5T V\½ Ws 9iSehd ĤRah \hN° \h^h KRhap_ VHULHV \h5 KRhap_ ̆\hRp ZHEVLWH GRPDLQ QDPH Ws ȣkZ ;X]sF T]s 7ȺkD _sDs Ws dah_ eSs D° 8 ZHEVLWH \h5 KRhap_ \h eSj Ƀk 5 \Ҫ _Ej Jp 7ȺkD k5 Sh D]h> @ UhaXpI ±WjIp W5 X^ DsƠȶkN^\h5 De°ahSh iWƧRhS _sDs Ďh^h ȳk Ƨ̆Ih^ D^ah\h5 8ap_ Jp Spɂ ̆SjiS Th] Jp ȩk as

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dɆkWh ĤR EhS^ IsEaN Dȿk5 Ġ5 D° 8 GRPDLQ QDPH ZHEVLWHV YƈS ZjĤ ZHESDJH S^Y ӕF` IӄVahȵk 5 Dh\ D^° Jp 8 7ƛ] ZHESDJH Ds: LQGHSHQGHQW ƥ] ƈSB 8XPh d\hKWh Zeh^Wh Ďh^h ZWhap_ Jp K]h^° Ds: XR ƥ] ƈS 8 KRhap_ ZHESDJH X^ Kbp Ɨ]h^° DXWRPDWLFDOO\ EURZVHU Sp\Wp 8ah LQGHSHQGHQW ZHEVLWH X^ _: Kbp 7Wp Sp\ȵk DGGUHVV S\p 5 DGGUHVV EDU \h5 Ks: bDs Js 8 Zȴk ȣk 5 Z Xh^Ub½D ĮXp Jp 7Wp Ds: XR ƥ] ƈS ĤSp SXhdj bD° Jp \h^h KRhap_ ZHEVLWH Ws e°ȱ k ?N_sK Jp D° FRPSXWHU 7Wp LQWHUQHW Ȑ _sDsWp BĠ5 Yhap Jp Sp\Wp dɆk_j]S ^e° ,, ± +DFNLQJ RI ( PDLO HPDLO DFFRXQW e°D D^ɂk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¶V DOVR QRW IRUJHW KH KDV DOUHDG\ WULHG WR PLVOHDG E\ FUHDWLQJ VLPLODU H PDLO LGV DQG FRQIXVLQJ SHRSOH W\SLFDO WDTL\\D VW\OH SU ;X^h5S TsPh Uad Xe°_h ?D ƥ] ƈS? \Wp HPDLO D^ Wp KRhƥȻk D° 5 \h^s HPDLO DFFRXQW e°D 7WhiVȢmS ^ iS XhdaP½ SsPɂk 5 D^Wh^ ƥ] ƈS ?K Jp S\Wp ĤR ebp D° TsPh Uad Xe°_h Ds: e°D^ 7WhiVȢmS ^ iS

-XQ

3DJH RI ZZZ UHDOSDWLGDU FRP PDLO#UHDOSDWLGDU FRP

6RPH ,PSRUWDQW :HEVLWHV RQ 6DWSDQWK 6HULHV $ %

5HDO 3DWLGDU 0DLO 6HULHV % *XMDUDWL 7UDQVODWLRQ &ODULILFDWLRQ RQ 6HULHV HPDLO

3DJH RI

GDU FRP ZZZ UHDOSDWLGDU FRP PDLO#UHDOSDWLG XhdaP½ SsPWh^ \h^h HPDLO DFFRXQW \h5 Tj ?D HPDLO> @ Ⱥkðs eSs \h^h EhShWs FRQWURO XhJs \p`ƥ]h ZhU \Ҫ ?D ZjKs HPDLO> @ Ⱥkðs eSs Ȑ\h5 aƨȱ k ƨTiSWj JRhaN D^ eSj eap \h^s DFFRXQW e°D DâhWs Uhas D^Wh^ ƥ] ƈS ?as Uhas D^° Jp D° SpRp \h^h ZVhK HPDLO ah5ƍ]h Jp 7Wp aȴk\h5 ?\ XR De° Jp D° dSX5T V\½Wp D: dhȧk De° 5 ɂ k 5 ZUWh\ DâhWs Ds[h5P Ȑ eD DS \h5 WTj Ws XÛh Yhb½ D^bp Ks 8ɂk Uhas D^Wh^ ƥ] ƈSWp 5 es] Ss SpRp dɆk ̆T\ \h^h HPDLO DFFRXQW e°D Dâh XJ \h^h Wh\ Tj HPDLO bh \hN° Ⱥkðs XsShWh Wh\ Tj HPDLO Ⱥ lD bDSs eSs 8Ȑ Uhas D^° Jp D° \h^s DFFRXQW e°D D]Ҵ Dh_p 8 ahS Tj Y^ Kbp 7Wp ^sK Waj Waj EsN ahSh½B ZWSs êbp 8XP° ȹ l_ɂk W Ks:? D° 5 ̉h\D HPDLO LG B ahX^ Wp _sDsWp Ȥk\^he 7Wp ZpaȢlY ZWhaWs ̆]ƗW 8 \hRd D^° Jp Sh D]h> @ UhaXpI ±WjIp W5 X^ ȩk as

,,, ± $WWDFNV RI YHU\ SHUVRQDO QDWXUH UDWKHU WKDQ VROLG LQWHOOHFWXDO SRLQWV aqIh ^D ȺkĆh ȺkD Wp ӔFS Vs^Rp dh\p ah`h ƥ] ƈS X^ Ɇk\_s D^as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aȴk\h5 dSX5T d\hKWh 7ȺkD _sDs dsIj d\ĥWp ƨXƧN ^ Sp ƥ] ƈSFS 7X\hWKWD 7Wp 7bs[Wj] N ƜXRjB 8XSh es] Jp ĤRp XsShWh iaIh^Tj iaȺkE iaIh^ V^haSh _sDsWp Spas \hW 8Xj W bDSh es] IIh½ iaahU \h5 K]h^° Sp\Wj Xhdp aqIh ^D ȳm ƧNTj Ds: ȺkĆs W es] Ɨ]h^° Spas dh\p ah`h ƥ] ƈSWp ӔFS ^ Sp ;Sh^ XPahWh e°ȱ kTj EsN 7bs[Wj] 7Wp ȱkƍJ N ƜXRjB ȺkĆhB ^ȩk D^ Wp ? ƥ] ƈSWp d\hK\h5 ;Sh^ XPahWj Dsibb D^° Jp Sh D]h> @ UhaXpI ±WjIp W5 X^ ȩk as ?\Wj [hch XR Ɨ]h^° 7X\hWKWD 7Wp 7dh\h KD T:

Ĥ] Jp Sp\Wh ȳk Ʀ\Ws D° Sp\Wh iaIh^ Tj de\S W TWh^ _sDsWh EsN ^ Sp Wh\ _: Wp Ds: XR dhIh EsNh ̆X5I\h5 YdhahWh Dh\ aFp^ Ss Sp\Wh \hN° deK Jp 8XPh d\hKWh 8Č ɅkVh^D ̒j ̅]hWĥ ^h\ĥ _jƠZRj ah_Uhd \eh^hK Ȑah \ehW _sDsWp XR 8aj EsN ƥ] ƈSFS N ƜXRjB Tj ah^ D^ahWh ̆]S D^° _ Jp

,9 ± 'LYHUWLQJ DWWHQWLRQ E\ UDLVLQJ XQFRQQHFWHG LVVXHV ZWKĮ^ 7Wp ȺkƉ] ȺkĆhTj iaȺkE ȺkĆhB ;XhPah 7KHVH DUH WKH YHU\ VDPH SHRSOH ZKR E\ GRLQJ VR NHHS RQ WU\LQJ WR UDLVH XQQHFHVVDU\ DQG XQFRQQHFWHG LVVXHV DW WKLV SRLQW RI WLPH DQG GLYHUW> @ WKH DWWHQWLRQ RI WKH ZKROH VDPDM DZD\ IURP WKH UHDO LVVXH WKDW LV IDFWV DERXW VDWSDQWK 7KH\ NHHS RQ UHSHDWLQJ ZKLFK JHWV ERULQJ PDQ\ WLPHV WKLQJV DERXW VDPDM¶V XQLW\ ZKLFK LV D QRQ LVVXH KHUH %RWK VDPDM¶V DUH GLIIHUHQW 7KHUH LV QR TXHVWLRQ RI EUHDNLQJ WKH VDPDM 6RPH 6DWSDQWKLV PLJKW KDYH ZURQJO\ HQWHUHG 6DQDWDQ VDPDM EXW WKH SURFHVV RI LGHQWLI\LQJ DQG UHPRYLQJ WKHP KDV VWDUWHG DQG VRRQ WKH\ ZLOO EH ZHHGHG RXW RI 6DQDWDQ VDPDM 7KH UHDO SUREOHP LV WKDW SHRSOH ZKR JHW DWWUDFWHG WRZDUGV 6DWSDQWK GKDUP IDOVHO\ EHOLHYLQJ LW WR EH D +LQGX GKDUP QHHGV WR EH HGXFDWHG DERXW 7KDW LV WKH QHHG RI WLPH 8ah _sDs K]h^° XR dSX5T V\½ X^ IIh½ TSj es: Jp Sp aESp ZWKĮ^ 7Wp ȺkƉ] ȺkĆhTj iaȺkE Ds: XR 5 T Ȑah KĮ^ ȺkĆhTj ȳk ^ D^° Jp d\hKWj ?DSh Ws QҭF [^° _j 7ƛ] ȺkĆs> @ ;[s D^ ȶk^h d\hKȵk VW dSX5 ahSs ah^\ ah^ D^Sh ^e° Jp Ȑ GRj aESp D5Nh`h KWD T: Ĥ] Jp d\hKWj ?DSh Ds: ȺkĆs WTj Zđp d\Ks ȩk U Jp K d\hKWp SsPahWs ̆ĕ ðh5 Jp 7\D dSX5TjB EsN ^ Sp dWhSW d\hK\h5 ȥkdj 8ƥ]h Jp XR Spah _sDsWp bsVjWp Zeh^ DhQahWj ̆ ˲]h Ƀkȿk T: F: Jp 7Wp KƣU Tj Sp\Wp Zeh^ DhQ WhEah\h5 8abp E^s ȺkĆs Ss dSX5T V\½Wp F_S Ye\j Tj e ȳk V\½ d\ĥ SpWhX^ iaĖhd ȺkDWh^ _sDsWp ĤRDh^ 8XjWp IpSaahWs Jp 8 d\]Wj \h5F Jp 9 ,PDPVKDK ERRNV Vhi\ D ȶkƨSDs 7KLV SUREOHP JHWV DJJUDYDWHG E\ WKH IDFW WKDW 6DWSDQWK VDPDM SUDFWLFHV 7DTL\\D> @ ZKLFK HQDEOHV LW WR KLGH WKHLU UHDO LGHQWLW\ DQG IDLWK (OVH WKHUH LV QR UHDVRQ LQ OLJKW RI FODLPV PDGH E\ PDQ\ WKDW 6DWSDQWK VDPDM KDV LQWURGXFHG UDGLFDO FKDQJHV ZK\ ZRXOG WKH\ VWLOO VWLFN E\ ,PDP 6KDK 5HDG WKH VDPDM¶V KLVWRU\ WR XQGHUVWDQG WKH IRUHJRLQJ VWDWHPHQW 7KH FODLPV WKDW ERRNV DQG ULWXDOV KDYH EHHQ FKDQJHG DUH MXVW WR IRRO DQG DWWUDFW SHRSOH WRZDUGV LW 1RPHQFODWXUH KDYH EHHQ FKDQJHG DQG EXW NHSW LGHQWLFDO WR WKH IXQGDPHQWDOV RI 6DWSDQWK> @ 8QIRUWXQDWHO\ WKH\ FRXOG QRW ILQG D UHSODFHPHQW RI ,PDP 6KDK DQG 3LUDQD HOVH QR ZRXQGHU WKH\ ZRXOG KDYH FKDQJHG WKDW DOVR

-XQ

3DJH RI ZZZ UHDOSDWLGDU FRP PDLO#UHDOSDWLGDU FRP

6RPH ,PSRUWDQW :HEVLWHV RQ 6DWSDQWK 6HULHV $ %

5HDO 3DWLGDU 0DLO 6HULHV % *XMDUDWL 7UDQVODWLRQ &ODULILFDWLRQ RQ 6HULHV HPDLO

3DJH RI

GDU FRP ZZZ UHDOSDWLGDU FRP PDLO#UHDOSDWLG eh_Wj X ^ ƨTiSWp I Sh KWD ZWah XhJ`Ws ȺkƉ] Dh^R Jp D° dSX5T d\hK Sh D]h> @ X`p Jp ȐWh TD Spas XsShWj dhIj BÈ 7Wp ̒ćh ĠXhap Jp We S^ Sp\Wp Ds: ƥ]hKZj Dh^R WTj dSX5T V\½\h5 Ⱥ l`ȹ lS ɅkVh^h T: F]h Jp De°Wh^ _sDs Wj ahS Wp 7ȵk_ëjWp D° ȐWhTj Sp\Wp :\h\ bhe Wp XDP ^hEas XP° 8 ahðWp d\Kah d\hKWh 9iSehd ah5Is Vhi\ D ȶkƨSDs 7Wp ^ S âhKs ZU_ahWs Uhas Dâs ? YƈS _sDsWp ZpaȢlY ZWhajWp Sp\Wp dSX5T V\½ S^Y 8Dc½ah Wh ̆]ƗW ibah] D: WTj Wh\ ZU_hƥ]h Jp XR dSX5T V\½Wh 5 `ȱk D: \ƤȻk 5 Weӄ 5 Weӄ S^ Xh]h dhTp \`Sh ȩk `Sh> @ Jp 7[hƊ]ab Sp\Wp :\h\ bhe 7Wp Xj^hRh Wp \`ȱk ȩk SpRp XR ZU_haj WhES 7KH ERRNV ZKLFK ZHUH SUDFWLFHG IRU FHQWXULHV WRJHWKHU ZHUH GLVFDUGHG MXVW EHFDXVH WKH ,VODPLF HOHPHQW ZDV YHU\ FOHDU WKHUH +RZ FDQ D UHOLJLRQ RI PRUH WKDQ \HDUV ROG KDYH LWV UHOLJLRQV ERRNV ZKLFK DUH MXVW IHZ \HDUV ROG" 6RPH RYHU VPDUW SHRSOH RQ WKHLU VLGH HYHQ JR WR WKH H[WHQW VD\LQJ WKDW ROG ERRNV QHYHU H[LVWHG 'R WKH\ WKLQN WKDW WKH VDPDMV RI ERWK VLGHV DUH IRRO" 7KLV LV QRWKLQJ EXW D FKLOGLVK DUJXPHQW 1RERG\ EX\V WKHLU DUJXPHQW 6LPLODUO\ E\ FDOOLQJ D ³.DEDU´ DV ³6DPDGKL´ GRHV QRW PDNH LW D ³6DPDGKL´ %\ FDOOLQJ D ³GDUJDK´ DV ³3UHUQD 3LWK´ GRHV QRW PDNH LW VR $WKDUY 9HGV ZKLFK WKH\ IROORZ LV DOVR FRUUXSWHG> @ dU ]sTj aX^hSj 7Wp ȶ lĤSj dSX5T V\½Wj ȶkƨSDsWp ^Ć D^ WhEj Dh^R D° 8aj XƨShDs\h5 9ƨ_h\Ws ̆ȹkƗa IsEj ^ Sp U° Eh: 8ap Jp }xx Tj aȴk ac½ ȩk Wh V\½Wj Vhi\ D ȶkƨSDs D°aj ^ Sp 7ȺkD acҴ ȩk WjK es]" dSX5T Ƀk 5 Zđp d\hKWh 7ȺkD 7iS esib]h^ _sDs Ss Ɨ]h5 ɅkVj EsȬk 5 Zs_j Ĥ] Jp D° 8aj Ds: ȶkƨSDs eSjK Weӄ d\hKWh _sDs ZpaȢlY Jp " D° XJ Sp\Wp ZpaȢlY ZWhah\h5 8ap Jp 8 Ss JsD^ ȸk ć Ȑaj ahS Jp 8aj ahSWp k5 Ds: dh5[`ȱ WTj SpajK ^ Sp ³DZ^´ Wp ³d\hVj´ Wh\ 8XahTj d\hVj WTj ZWj KSj ³U^Fhe´ Wp ³̆p^Rh XjO´ De°ahTj ³U^Fhe´ \hN WTj Kȱk 5 7Ta½ apU> @ Ȑ Spas \Wp 7Wp X`p Jp Sp XR aN_h]p_s Jp 9, ± 0DOLFLRXV LQWHQW E\ IDOVH SURSDJDQGD EsN ^ Sp ȶk^hah ZU_ah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³.XWFK .DGYD 3DWLGDU´> @ 7KH OLVW LV HQGOHVV 6RPH RI WKH SRLQWV \RX FDQ VHH RQ KWWS LVVXX FRP SDWLGDU DQG PDQ\ ZLOO IROORZ E\ P\ HPDLOV , ZRXOG QRW EH VXUSULVHG LI VRPHRQH DOOHJHV WKDW , ZDV EHKLQG WKHVH FKDQJHV ,I GRQH WKHQ UHPHPEHU WDTL\\D> @ ZLOO EH SUDFWLFHG KHUH DOVR 3HRSOH ZKR SXW WUXVW RQ WKHVH SHRSOH VKRXOG EHZDUH 1RERG\ NQRZV KRZ WUXH WKH SURRIV DUH WKDW DUH SUHVHQWHG 0RVW SUREDEO\ WKH\ DUH IDEULFDWHG 6DPDM KDV ZLWQHVVHG WKLV LQ RXU UHFHQW KLVWRU\ 8NɀkK 5 Weӄ @iSehidD ȶk^hahB Wp aN_hahȵk Waj DsbjɃk 5 5 T: ê Jp TsPh Uad Xe°_h LQWHUQHW Wh :LNLSHGLD X^ KRhap_ dSX5T> @ V\½Ws \h eSj 7T½ ZU_ahWs ̆]ƗW D]Ҵ Jp Sp\Wh Dsibb Ws ȶk^s _jƨN S\p 7e KWWS HQ ZLNLSHGLD RUJ Z LQGH[ SKS"WLWOH 6DWSDQWK DFWLRQ KLVWRU\ Ks: bDs Js Ks D° eh_ \h5 -XQ $0 ,67 KWWS HQ ZLNLSHGLD RUJ ZLNL 6DWSDQWK X^ E^ \h eSj \`p Jp S\p 8 HPDLO dhTp KsP°_ Zp ILOH Wp ah5Ij Wp d\ĥ bDbs D° KWWS HQ :LNLSHGLD RUJ Wh ZHEVLWH X^ ZU_hajWp Ƀk 5 _EahWs ̆]hd T]s eSs 8K _sDs Ďh^h KWWS HQ ZLNLSHGLD RUJ ZLNL .XWFKBNDGYDBSDWLGDU X^ ³.XWFK .DGYD 3DWLGDU´> @ Wh Zh^\h5 SĆW EsN \h eSj 8Xp_ Jp 8ah 7V\ ȢmƗ]sWj ɅkIj ZɆk _h5Zj Jp 7ȺkD ahSs S\Wp KWWS LVVXX FRP SDWLGDU X^ ah5Iah \`bp 7Wp Vj^° Vj^° Zjĥ GRj ahSs S\Wp HPDLO Ďh^h \`bp Ks Ds: k5 ƥ] ƈS \h^h X^ 8ëpX ȺkD° D° Ɇk 5 8 ZVh ZU_ha XhJ` Ġ5 Ss \Wp Spȵ 8Ĕ]½ Weӄ Th] Ks 8ɂk Th] Ss 5 Xhàh\h5 8ap_ Jp

Ȑ _sDs 8ah _sDs X^ iaĖhd ȺkD° Jp Spah _sDsWp IpSɂk Ks:? 5 d\KKs D° Sh D]h> @ Dh^RD° Ds:Wp EZ^ WTj D° Sp\Wh Ďh^h ^ȩk TSh ȶk^hah D°N_h dhIh Jp ȶk^hah EsNh 7Wp IpPh D^° _h esahWh ȶ l^ bðSh Jp 8XPh d\Ȑ SpWh 9iSehd\h5 8 ahS Ws 7ȵk[a D^° _ Jp $33($/ 7+28*+7 35292.,1* iaIh^ \h5Fȱ 5k ?D 7Xj_ %XW , ZRXQGHU ZK\ VRPH SHRSOH JHW VR IHDUIXO DQG DQJU\ ZKHQ PLUURU RI KLVWRU\ LV SXW EHIRUH WKHP , WKLQN LQVWHDG RI GHQ\LQJ WKH IDFWV WKH\ VKRXOG RSHQO\ DFFHSW WKH IDFWV 2QO\ WKHQ WKH\ ZLOO JHW UHVSHFWHG LQ WKH VRFLHW\ , KDYH QR ULYDOU\ DJDLQVW DQ\ERG\ 1RU GR , KDYH DQ\ VRUW RI SHUVRQDO LQWHUHVW , ZRUN RQO\ ZLWK WKH VLQJOH DLP RI SURYLGLQJ SHRSOH ZLWK WKH LQIRUPDWLRQ DQG WKXV HGXFDWLQJ WKHP ,I , KDG DQ\ SHUVRQDO LQWHUHVW WKHQ ,

-XQ

3DJH RI ZZZ UHDOSDWLGDU FRP PDLO#UHDOSDWLGDU FRP

6RPH ,PSRUWDQW :HEVLWHV RQ 6DWSDQWK 6HULHV $ %

5HDO 3DWLGDU 0DLO 6HULHV % *XMDUDWL 7UDQVODWLRQ &ODULILFDWLRQ RQ 6HULHV HPDLO

3DJH RI

GDU FRP ZZZ UHDOSDWLGDU FRP PDLO#UHDOSDWLG ZRXOG KDYH GLVFORVHG P\ WUXH LGHQWLW\ , GR QRW XVH VRPHERG\ HOVH QDPH ┬│5HDO 3DWLGDU┬┤ LV P\ SHQ QDPH \Wp iaIh^ 8ap Jp 7╚║kD _sDsWp 9iSehd ─«Xp 8^┬јbs ZShaj? Ss bh \hN┬░ GZ^h] Jp 7Wp ╚цkкеdp T: ─ц] Jp 9iSehd Ss 9iSehd Jp \Wp _hFp Jp 9iSehdWp ╚Гk 5D^hahWh ZU_p SpWp ╚БkкБ_p 8\ кеajDh^┬ј _pbp SsK _sDs Sp\Wp \hW dкЏ\hW 8Xbp \h^s Ds: XR dhTp МћFS ap^ WTj 7Wp \Wp Ds: XR МћFS кеahT┬й WTj ╔єk 5 ?DK \DdU Tj Dh\ D╚┐k5 Jp 7Wp Sp Jp _sDsWp dhIj \h┬ѕeSj 8Xj Wp Sp\Wp ─цF╚┐k D D^ah \Wp Ds: МћFS кеahT┬й esS Ss \h^┬ј dhIj B`E 8XS ╔єk 5 Ds: Zj─ц╚хk Wh\ WTj ahX^Ss 5HDO 3DWLGDU \╚┐k 5 5 ;XWh\ Jp 5HDO 3DWLGDU > @ 6HH KWWS LVVXX FRP SDWLGDU GRFV VHULHVB B WDLT\\DBDQGBLWVBXVHBE\BSLUDQDBVDWSDQWK"PRGH DBS > @ 6HH KWWS LVVXX FRP SDWLGDU GRFV RH B DWWDFKPHQWB FKKDPDBPDDIL > @ 6HH KWWS LVVXX FRP SDWLGDU GRFV RH B LPDPBVKDKBEDYDBVDWKHBQLBYDUWDBODDS > @ 6HH KWWS LVVXX FRP SDWLGDU GRFV DWKDUYBYHGBVKORNBFRPSDULVRQB G > @ 6HH 3DJH RI KWWS LVVXX FRP SDWLGDU GRFV VHULHVB B SLUDQDBVBDNKDQGBM\RWB "PRGH DBS > @ 6HH KWWS HQ ZLNLSHGLD RUJ ZLNL .XWFKBNDGYDBSDWLGDU .XWFKBNDGZDBSDWLGDU

DQG

KWWS HQ ZLNLSHGLD RUJ ZLNL

7R IXOO\ XQGHUVWDQG WKH FRQWHQWV RI WKLV HPDLO \RX PD\ EH UHTXLUHG WR UHDG HPDLO ZLWK 6HULHV LQ WKH VXEMHFW OLQH 6HH KHUH IRU 6HULHV HPDLO KWWS LVVXX FRP SDWLGDU GRFV VHULHVB B FRYHULQJBHPDLOBFRQWHQWV 7R NQRZ PRUH YLVLW KWWS LVVXX FRP SDWLGDU RU VHQG D UHTXHVW PDLO WR PDLO#UHDOSDWLGDU FRP 3OHDVH IRUZDUG DV PDQ\ HPDLO DGGUHVV RI RXU VDPDM PHPEHUV DV SRVVLEOH WR PDLO#UHDOSDWLGDU FRP LQ RUGHU WR LQFUHDVH WKH UHDFK DQG VSUHDG WKH DZDUHQHVV

-XQ

3DJH RI ZZZ UHDOSDWLGDU FRP PDLO#UHDOSDWLGDU FRP

Book -Pirana Satpanthni Pol Ane Satyano Prakash Series 15 --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

5HDO 3DWLGDU 0DLO 6HULHV %RRN 3LUDQD 6DWSDQWKQL 3RO $QH 6DW\DQR 3UDNDVK ȶkƨSD 3DJH RI www.realpatidar.com

mail@realpatiddar.com

Real Patidar <mail@realpatidar.com>

Series 15 -Book: Pirana Satpanthni Pol Ane Satyano Prakash / ȶƨk SD: Xj^hRh dSX5TWj Xs_ 7Wp dƗ]Ws ̆Dhb Real Patidar <mail@realpatidar.com> To: Real Patidar <mail@realpatidar.com>

Tue, Jun 22, 2010 at 10:43 PM

22-Jun-2010 Dear All, In my series 7 email, I had brought to your notice the book (so called "Geeta" of our Samaj), which details the history of our samaj. The name of the book is "Pirana Satpanthni Pol Ane Satyano Prakash", written by Aadhya Samaj Sudharak Shri Narayanjibapa. Series 7 Wh :-\p_\h5, 8XPh d\hKWj De°ahSj "FjSh" ȶkƨSD "Xj^hRh dSX5TWj Xs_ 7Wp dƗ]Ws ̆Dhb", Ȑ 8Č

d\hK ɅkVh^D ̒j Wh^h]Rĥ ZhXh? _Ep_ Jp , SpWh S^Y S\hȿk5 ƚ]hW Vs^ƥȻk 5 eȱk.5 8 ȶkƨSD\h5 8XPh d\hKWs

9iSehd KRhap_ Jp .

At a function held in Virani Moti, about 2-3 years back, Himmatbhai had given a speech suggesting why this book is important and what is there to read about, in that book. _F[F z-{ ac½ Xe°_h Fh\ ia^hRj \sN \h5 ?D Dh]½˲\ aESp ̒j e \S[h:? XsShWh [hcR \h5 KRhƥȻk 5 eȱk5 D°

8 ȶkƨSDȵk5 Ƀk5 \eƗa Jp 7Wp 8 ȶkƨSD\h5 ĤRah Ȑɂk5 Ƀk5 Jp .

You can find the audio file of that speech, attached with this email. & video file can be found and downloaded from here... http://www.4shared.com/video/ iV7R9WNk/Pirana_Satpanthni_Pol_Ane_Saty.html e \S[h:ȵk 5 [hcR S\p 8 :-\p_ dhTp KsP°_j mp3 file Wp download D^ Wp dh5[` bDbs. 7Wp ia PB ȩk as es] Ss 7e Ks: (7Wp download) D^ bDbs...http://www.4shared.com/ video/iV7R9WNk/Pirana_Satpanthni_Pol_Ane_Saty.html After hearing Himmatbhai, you will surely feel that this book is a must read. I suggest each and every Household, Samaj, Yuvak Mandal, Library and other similar institutions, should keep atleast one copy with them. e \S[h:ȵk 5 [hcR d5[h` Wp \Wp EhS^ Jp D° S\Wp d\KR XP F: ebp D° 8 ȶkƨSD ah5Iɂk5 ZɆk KĮ^ Jp . \hȿk5 ɅkIW Jp D° U^° D G^, d\hK, ȻkaD \5P`, ahIWh_] aFp^° S\h\ d5ƨThB\h5 8 ȶkƨSD esɂk5 Ks:?. You can buy the copy of this book from Virani Moti Samaj, Kutch. / 8 ȶkƨSD ia^hRj \sN d\hK\h5 \` bDbp

7Wp \p`aah \hN° contact no Jp ; Contact Nos. are; Virani Moti Samajwadi : 02835 222555 President - Shri Mavji Vasta : 09427763108 & (R) 02835-292553

You can find the soft copy of this book in two parts, in the below mentioned link; 8 ȶkƨSDWj soft copy S\Wp WjIp KRhap_ _ӄD X^ Tj download D^ bDbs Part 1: http://issuu.com/patidar/docs/series_7_-part_1_of_2_-pirana_satpanthni_pol_ane_s Part 2: http://issuu.com/patidar/docs/series_7_-part_2_of_2_-pirana_satpanthni_pol_ane_s Request you to kindly contact Virani Samajwadi or the president and obtain your copy.

-XQ

5HDO 3DWLGDU 0DLO 6HULHV %RRN 3LUDQD 6DWSDQWKQL 3RO $QH 6DW\DQR 3UDNDVK ȶkƨSD 3DJH RI www.realpatidar.com

mail@realpatiddar.com

\h^ dɆkWp W̊ iaW5Sj Jp D° ia^hRj \sN d\hK ahP D° ̆ȺkEWs d5XD½ D^ Wp XsShWj ̆S \p`abs. Thanks / 8[h^ Real Patidar To fully understand the contents of this email, you may be required to read email with "Series 1" in the subject line. See here for Series 1 email: http://issuu.com/patidar/docs/series_1_-covering_email_contents ------------------------------ -----------------------------------------------------------------------------------------------------------------------------------------To know more visit http://issuu.com/patidar or send a request-mail to mail@realpatidar.com Please forward as many email address (of our samaj members) as possible to mail@realpatidar.com in order to increase the reach and spread the awareness -------------------------------------------------------------------------------------------------------------------------------------------------------------------------

Pirana Satpanthni Pol Ane Satya No Prakash -Importance of.mp3 9389K

-XQ

0RPLQ &KHWDPDQL 6HULHV

5HDO 3DWLGDU 0DLO 6HULHV $QDO\VLV RI 0RPLQ &KHWDPDQL E\ ,PDP 6KDK :\h\ bhe ^ IS \s\jW IpSh\ 3DJH RI

Z UHDOSDWLGDU FRP DU FR DU FR FR RP PDLO#UHDOSDWLGDU F FRP ZZZ 5HDO 3DWLGDU PDLO#UHDOSDWLGDU FRP!

6HULHV $ $QDO\VLV RI 0RPLQ &KHWDPDQL E\ ,PDP 6KD DK :\h\ bhe ^ IS \s\jW IpSh\hWjȵ 5k iaƦ_pcR 5HDO 3DWLGDU PDLO#UHDOSDWLGDU FRP! 7R 5HDO 3DWLGDU PDLO#UHDOSDWLGDU FRP!

7XH -XO DW $0

-XO 'HDU $OO 6\HG ,PDP 6KDK DOVR FDOOHG DV ,PDP 6KDK 0DKDUDM EDVHG LQ 3LUDQD ZURWH D JLQDQ FDOOHG ¦0RPLQ &KHWDPDQL§ WR EULHIO\ VXPPDUL]H RULJLQ RI VDWSDQWK LWV IXQGDPHQWDOV WK DYDWDU RI /RUG 9LVKQX DQG KLV OLQHDJH LPSRUWDQFH RI SD\LQJ 'DVRQG DQG ZDUQ &KHWDPDQL IpSh\hRj 6DWSDQWK IROORZHUV 0RPDQ 0RPQD 0XPQD \s\W \s\Wh \Ⱥk Wh RI WKH FRQVHTXHQFHV RI QRW IROORZLQJ KLV GLFWDWHV dq]U :\h\ bhe ȐWp :\h\ bhe \eh^hK Xj^hRh ah`h XR De°ah\h5 8ap Jp Spah dq]U :\h\ bhe ? ¦\s\jW IpSh\hWj§ Wh\Wj FjWhW ^ƍȻk Jp 5 Ȑ\h5 dSX5T V\½Wj ;ƗXiĂ SpWh Ⱥ l` Vhi\ D idćh5Ss 7Wp [FahW iaƧȰk Ws yx\s 7aSh^ _pWh^ STh SpWh ahƛdKsWh iac] X^ Ȭk D \h5 \h eSj Jp Sp\K UdsƛU ȵk V\½ 5 \h5 D°Nɀk 5 \eƗa Jp ? XR S\Wp d\Ĥbp 8 FjWhW ȵk dh^h5 5 b \h5 :\h\ bhe Zhah? XsShWh 7ȵk]h]s ?N_p 5 D° \s\W \s\Wh Ⱥk\Wh Wp IpSaSh 8Fhe V\D 8XSh ZShƥȻk Jp 5 D° Ks Spas dSX5T V\½ W e X`p 7Wp :\hWUh^ Tj UdsƛU W e 8Xp Sp\K Sp\Wh V\½ k5 Ȥkȿkȵ Y^\hW 8U° b Weӄ X`p Ss Sp\Wj Ƀk 5 7VsFiS T9 Kbp 6LQFH WKH *LQDQ LV KXJH DQG DERXW YHUVHV DQG FRYHUV PRUH WKDQ SDJHV ZKLFK GLVFRXUDJHV RUGLQDU\ SHRSOH IURP UHDGLQJ LW , KDYH PDNH D VKRUW DQDO\VLV RI LW IRU HYHU\ERG\ V TXLFN XQGHUVWDQGLQJ 7KH ZKROH *LQDQ DQG LWV DQDO\VLV DUH DWWDFKHG KHUHZLWK 8 FjWhW ZɆk \sȬk 5 Jp 7Wp Sp\h5 ~{x D_\h Jp 7Wp |x ȤkK^hSj Tj aȴk XhWhȵk Jp 5 Ȑ Tj dhVh^R _sDs 8 FjWhW ah5IahTj 7Ið ?N_h \hN° \Ҫ 8 FjWhȵk Ȭk 5 5D\h5 iaƦ_pcR DȻk ¿ Jp Ȑ Tj _sDsWp d\Kah\h5 8dhWj ^e° 8ȣk FjWhW 5 k5 7Wp Spȵ iaƦ_p cR 8 HPDLO dhTp KsP°ɀ k5 Jp +RSH \RX ZLOO DSSUHFLDWH DQG OLNH WKH DQDO\VLV 8bh Jp S\p 8 iaƦ_pcR ah5Ibs 7Wp S\Wp F\bp 5HDO 3DWLGDU DWWDFKPHQWV $QDO\VLV RI 0RPLQ &KHWDPDQL (Q QJOLVK SGII . 0RPLQ &KHWDPDQL (QJOLVK SGI . $QDO\VLV RI 0RPLQ &KHWDPDQL *XMD DUDWL SGI . 0RPLQ &KHWDPDQL *XMDUDWL SGI .

KWWSV PDLO JRRJOH FRP D UHDOSDWLGDU FRP "XL LN GH G YLHZ SW VHDUFK LQER[ PVJ D H G EG D GVTW

-XO

3DJH RI ZZZ UHDOSDWLGDU FRP PDLO#UHDOSDWLGDU FRP

0RPLQ &KHWDPDQL 6HULHV ŶĂůǇƐŝƐ ŽĨ DŽŵŝŶ ŚĞƚĂŵĂŶŝ

^ĞƌŝĞƐ ϭϲ

ŶĂůǇƐŝƐ ŽĨ 'ŝŶĂŶ ĐĂůůĞĚ HDOSDWLGDU FRP PDLO#UHDOSD DWLGDU FRP D ZZZ UH ͞DŽŵŝŶ ŚĞƚĂŵĂŶŝ͟ ĐŽŵƉŽƐĞĚ ďǇ /ŵĂŵ ^ŚĂŚ ;^ŽƵƌĐĞ͗ ŚƚƚƉ͗ͬͬǁǁǁ͘ŝƐŵĂŝůŝ͘ŶĞƚͬŐƌĂŶƚŚƐͬĐŚĞƚǁĂŶď͘ŚƚŵůͿ

ĂĐŬŐƌŽƵŶĚ͗ ^ǇĞĚ /ŵĂŵ ^ŚĂŚ ĂůƐŽ ĐĂůůĞĚ ĂƐ /ŵĂŵ ^ŚĂŚ DĂŚĂƌĂũ ďĂƐĞĚ ŝŶ WŝƌĂŶĂ ǁƌŽƚĞ Ă ŐŝŶĂŶ ĐĂůůĞĚ ͞DŽŵŝŶ ŚĞƚĂŵĂŶŝ͟ ƚŽ ďƌŝĞĨůǇ ƐƵŵŵĂƌŝǌĞ ŽƌŝŐŝŶ ŽĨ ƐĂƚƉĂŶƚŚ͕ ŝƚƐ ĨƵŶĚĂŵĞŶƚĂůƐ͕ ϭϬƚŚ ĂǀĂƚĂƌ ŽĨ >ŽƌĚ sŝƐŚŶƵ ĂŶĚ ŚŝƐ ůŝŶĞĂŐĞ͕ ŝŵƉŽƌƚĂŶĐĞ ŽĨ ƉĂǇŝŶŐ ĂƐŽŶĚ ĂŶĚ ǁĂƌŶ ; ŚĞƚĂŵĂŶŝ IpSh\hRjͿ ^ĂƚƉĂŶƚŚ ĨŽůůŽǁĞƌƐ ;DŽŵĂŶͬDŽŵŶĂͬDƵŵŶĂ \s\Wͬ\s\Wh Ⱥk\WhͿ ŽĨ ƚŚĞ ĐŽŶƐĞƋƵĞŶĐĞƐ ŽĨ ŶŽƚ ĨŽůůŽǁŝŶŐ ŚŝƐ ĚŝĐƚĂƚĞƐ͘ DŽŵŝŶ ŚĞƚĂŵĂŶŝ ŝƐ Ă ŐŝŶĂŶ ĐŽŵƉŽƐĞĚ ŝŶ Ă ƉŽĞƚŝĐ ͬ ŵƵƐŝĐĂů ĨŽƌŵ͘ /ƚ ŚĂƐ ϲϯϬ ǀĞƌƐĞƐ ǁƌŝƚƚĞŶ ŝŶ 'ƵũĂƌĂƚŝ ůĂŶŐƵĂŐĞ ;ƚƌĂŶƐůĂƚĞĚ ŝŶ ŶŐůŝƐŚͿ ĂŶĚ ŚĂƐ ďĞĞŶ ĐŽŵƉŽƐĞĚ ǀĞƌǇ ĐůĞǀĞƌůǇ ƚŽ ŐŝǀĞ Ă ĨŽƌŵ ŽĨ ƌĞůŝŐŝŽƵƐ ƚĞĂĐŚŝŶŐ͘ tŚŽůĞ ŐŝŶĂŶ ŝŶ 'ƵũĂƌĂƚŝ ůĂŶŐƵĂŐĞ ;ƵƐŝŶŐ ŶŐůŝƐŚ ƐĐƌŝƉƚͿ ĂŶĚ ŝƚƐ ƚƌĂŶƐůĂƚŝŽŶ ƚŽ ŶŐůŝƐŚ ŝƐ ĂƚƚĂĐŚĞĚ ŚĞƌĞǁŝƚŚ͘ DŽŵŶĂ͗ /Ŷ ^ĂƚƉĂŶƚŚ͕ ͞DŽŵŶĂ͟ ŝƐ ƚŚĞ ŶĂŵĞ ŐŝǀĞŶ ƚŽ ƚŚĞ ĨŽůůŽǁĞƌƐ ŽĨ ^ĂƚƉĂŶƚŚ ĂŶĚ ͞^ǇĞĚ͟ ŝƐ Ă ƉĞƌƐŽŶ ǁŚŽ ŝƐ ĐŽŶƐŝĚĞƌĞĚ ƚŽ ŚĂǀĞ ĐŽŵĞ ĨƌŽŵ ůŝŶĞĂŐĞ ŽĨ DƵƌƚĂǌĂ ůŝ͘ ͞^ǇĞĚƐ͟ ĂƌĞ ĐŽŶƐŝĚĞƌĞĚ ƐƵƉƌĞŵĞ ĂŶĚ ĚŝǀŝŶĞ ǁŚŽ ŐŝǀĞ ŽƌĚĞƌƐ ƚŽ DƵŵŶĂƐ͕ ǁŚŝĐŚ ƚŚĞǇ ĂƌĞ ĞǆƉĞĐƚĞĚ ƚŽ ĐĂƌƌǇ ŽƵƚ ǁŝƚŚŽƵƚ ͞ĚŽƵďƚŝŶŐ͕͟ ͞ƋƵĞƐƚŝŽŶŝŶŐ͕͟ ͞ƐŝůĞŶƚůǇ͟ ĂŶĚ ͞ĨĂŝƚŚĨƵůůǇ͘͟ ĂƐŽŶĚ͗ ĂƐŽŶĚ ŵĞĂŶƐ ϭϬй ŽĨ ĂŶŶƵĂů ŝŶĐŽŵĞ ƉĂǇĂďůĞ ƚŽ /ŵĂŵ ĂŶĚ Ϯ͘ϱй ŽĨ ĂŶŶƵĂů ŝŶĐŽŵĞ ƉĂǇĂďůĞ ƚŽ Wŝƌ͘ dŽƚĂů ϭϮ͘ϱй ŽĨ ǇŽƵƌ ĂŶŶƵĂů ŝŶĐŽŵĞ ŚĂƐ ƚŽ ďĞ ƉĂŝĚ ƚŽ ƚŚĞ ƉƌĞĂĐŚĞƌƐ ŽĨ ^ĂƚƉĂŶƚŚ ƌĞůŝŐŝŽŶ͕ ĨŽƌ ǁŚŝĐŚ ŶŽ ƋƵĞƐƚŝŽŶƐ ƐŚŽƵůĚ ďĞ ĂƐŬĞĚ͘ ^ĞĐƚŝŽŶƐ͗ /Ŷ ŽƌĚĞƌ ƚŽ ƵŶĚĞƌƐƚĂŶĚ ƚŚĞ ŽǀĞƌƚ ĂŶĚ ĐŽǀĞƌƚ ŵĞƐƐĂŐĞƐ ŐŝǀĞŶ ŝŶ DŽŵŝŶ ŚĞƚĂŵĂŶŝ͕ ǁĞ ŶĞĞĚ ƚŽ ĚŝƐƐĞĐƚ ƚŚĞ ŐŝŶĂŶ ƐŽ ĂƐ ƚŽ ĞŶĂďůĞ ƵƐ ƚŽ ĞĂƐŝůǇ ƵŶĚĞƌƐƚĂŶĚ ŝƚ͘ ĐĐŽƌĚŝŶŐůǇ ƚŚŝƐ ŐŝŶĂŶ ŚĂƐ ďĞĞŶ ĚŝǀŝĚĞĚ ŝŶƚŽ ϵ ƐĞĐƚŝŽŶƐ͕ ĂƐ ƵŶĚĞƌ͘ /Ŷ ƚŚĞ ĞĂĐŚ ƐĞĐƚŝŽŶ / ŚĂǀĞ ƚƌŝĞĚ ƚŽ ƋƵŽƚĞ ƐŽŵĞ ŝŵƉŽƌƚĂŶƚ ǀĞƌƐĞƐ ĂŶĚ ĂŶĂůǇƐĞ ƚŚĞ ŵĞƐƐĂŐĞ ;ŽǀĞƌƚ ĂŶĚ ĐŽǀĞƌƚͿ ŝŶ ƚŚĂƚ ƐĞĐƚŝŽŶ͘ фффф dŚŝƐ ƉĂƌƚ ŽĨ ƉĂŐĞ ŝƐ ůĞĨƚ ŝŶƚĞŶƚŝŽŶĂůůǇ ďůĂŶŬ хххх

ǁǁǁ͘ƌĞĂůƉĂƚŝĚĂƌ͘ĐŽŵ ŚƚƚƉ͗ͬͬŝƐƐƵƵ͘ĐŽŵͬƉĂƚŝĚĂƌ

ŵĂŝůΛƌĞĂůƉĂƚŝĚĂƌ͘ĐŽŵ

WĂŐĞ ϭ ŽĨ ϭϮ

3DJH RI ZZZ UHDOSDWLGDU FRP PDLO#UHDOSDWLGDU FRP

0RPLQ &KHWDPDQL 6HULHV ŶĂůǇƐŝƐ ŽĨ DŽŵŝŶ ŚĞƚĂŵĂŶŝ

^ĞƌŝĞƐ ϭϲ

DOSDWLGDU FRP D OSDWLGDU FRP PDLO#UHDOSD PDLO#UHDOSDWLGDU FRP D

ŝǀŝƐŝŽŶ ŽĨ DŽŵĂŶ ŚĞƚĂŵĂŶŝ ŝŶ ĨŽůůŽǁŝŶŐ ϵ ƐĞĐƚŝŽŶƐ

^ĞĐƚŝŽŶ ϭ͘ &ŽƵŶĚĂƚŝŽŶ ŽĨ ^ĂƚƉĂŶƚŚ ;ϭ ƚŽ ϳϲͿ

Ϯ͘

ϯ͘ ϰ͘ ϱ͘ ϲ͘ ϳ͘ ϴ͘ ϵ͘

^ƵŵŵĂƌǇ ĂĐŬŐƌŽƵŶĚ ŽĨ ^ĂƚƉĂŶƚŚ ƌĞůŝŐŝŽŶ ĂŶĚ ŝƚƐ ĐŽŶŶĞĐƚŝŽŶ ǁŝƚŚ ,ŝŶĚƵ ƌĞůŝŐŝŽŶ͕ ŝŶ ƚĞƌŵƐ ŽĨ ůŝ ďĞŝŶŐ ĂǀĂƚĂƌ ;ŝŶĐĂƌŶĂƚŝŽŶͿ ŽĨ sŝƐŚŶƵ DƵƌƚĂǌĂ ůŝ͕ WƌŽƉŚĞƚ DƵŚĂŵŵĂĚ͕ WƌŽƉŚĞƚ DŽŚĂŵŵĂĚ ŝƐ ƌĂŚŵĂ͕ ,ĂǌƌĂƚ ůŝ ,ŝŶĚƵ 'ŽĚƐ ĂŶĚ /ƐůĂŵ͕ >ŝŶĞĂŐĞ ŽĨ ŝƐ ůůĂŚ ĂŶĚ ŚĞ ǁŝůů ƌŝĚĞ ƚŚĞ Ƶů Ƶů ŚŽƌƐĞ /ŵĂŵƐ ;ϳϳ ƚŽ ϭϬϬͿ ŝďŝ &ĂƚŝŵĂ ĂŶĚ DƵƌƚĂǌĂ ůŝ͛Ɛ ĂĚŚǇĂ ^ŚĂŬƚŝ ; ŝďŝ &ĂƚŝŵĂͿ ŵĂƌƌŝĞƐ DƵƌƚƵǌĂ ůŝ ŵĂƌƌŝĂŐĞ ;ϭϬϭ ƚŽ ϭϮϮͿ &ŽƵƌ ^ĞƌǀĂŶƚƐ ŽĨ ŝďŝ &ĂƚŝŵĂ ;ϭϮϯ ƚŽ ,Žǁ ƚŽ ƐĞůĨůĞƐƐůǇ ƐĞƌǀĞ /ŵĂŵ ĂŶĚ Wŝƌ͕ ϭϱϵͿ ǁŝƚŚŽƵƚ ĚŽƵďƚŝŶŐ ƚŚĞŵ >ŝŶŬŝŶŐ ^ĂƚƉĂŶƚŚ ǁŝƚŚ &ŽƵƌ :ŽŐƐ ;ϭϲϬ WƌŽŽĨ ŽĨ ƐĂƚƉĂŶƚŚ ĐĂŶ ďĞ ĨŽƵŶĚ ŝŶ YƵƌĂŶ ƚŽ ϭϵϵͿ Wŝƌ ^ŚĂŵƐ ;ϮϬϬ ƚŽ ϯϴϭͿ Wŝƌ ^ŚĂŵƐ ĂŶĚ ŚŝƐ ŵŝƌĂĐůĞƐ Wŝƌ EĂƐŝƌƵĚĚŝŶ ;ϯϴϮ ƚŽ ϯϵϮͿ ^ĞƌǀĞ /ŵĂŵ ŽĨ ƚŚĞ ƚŝŵĞ Wŝƌ ^ĂĚĂƌĚŝŶ ;^ĂĚƌƵĚĚŝŶͿ ;ϯϵϯ ƚŽ ϰϯϳͿ WĂǇ ĚĂƐŽŶĚ ƚŽ ĂƚƚĂŝŶ ƐĂůǀĂƚŝŽŶ Wŝƌ ,ĂƐĂŶ <ĂďŝƌĚŝŶ ;<ĂďƌƵĚĚŝŶͿ ;ϰϯϴ ^ĞůĨůĞƐƐůǇ ƐĞƌǀĞ ŝŵĂŵ ůŝŬĞ Ă ǁŝĨĞ ƐĞƌǀĞƐ ŚĞƌ ƚŽ ϲϯϬͿ ŚƵƐďĂŶĚ

фффф dŚŝƐ ƉĂƌƚ ŽĨ ƉĂŐĞ ŝƐ ůĞĨƚ ŝŶƚĞŶƚŝŽŶĂůůǇ ďůĂŶŬ хххх

ǁǁǁ͘ƌĞĂůƉĂƚŝĚĂƌ͘ĐŽŵ ŚƚƚƉ͗ͬͬŝƐƐƵƵ͘ĐŽŵͬƉĂƚŝĚĂƌ

ŵĂŝůΛƌĞĂůƉĂƚŝĚĂƌ͘ĐŽŵ

WĂŐĞ Ϯ ŽĨ ϭϮ

3DJH RI ZZZ UHDOSDWLGDU FRP PDLO#UHDOSDWLGDU FRP

0RPLQ &KHWDPDQL 6HULHV ŶĂůǇƐŝƐ ŽĨ DŽŵŝŶ ŚĞƚĂŵĂŶŝ

^ĞƌŝĞƐ ϭϲ

DWLGDU D WLGDU FRP FRP PDLO#UHDOSD PDLO#UHDOSDWLGDU FRP D

^ĞĐƚŝŽŶ ϭ &ŽƵŶĚĂƚŝŽŶ ŽĨ ^ĂƚƉĂŶƚŚ ;ϭ ƚŽ ϳϲͿ͗

DĞƐƐĂŐĞ ϭ͗ ŝƚĂƚŝŽŶ͗ ϭϮ͕ ϭϱ͕ Ϯϳ͕ Ϯϴ͕ Ϯϵ͕ ϯϬ͕ ϯϰ͕ ϯϱ͕ ϱϯ͕ ϲϰ͕ ϲϳ ƌĞůĂƚĞ ƚŽ ĂƐŽŶĚ

DĞƐƐĂŐĞ͗ ƚ ĂŶǇ ĐŽƐƚ ƉĂǇ ĂƐŽŶĚ DĞƐƐĂŐĞ Ϯ͗ ŝƚĂƚŝŽŶ͗ ϭͿ

ϮͿ

/ŶƚƌŽĚƵĐƚŝŽŶ ƚŽ ƚŚĞ /ŵĂŵ ŽĨ ƚŚĞ ƚŝŵĞͲ'ŽĚ ŵĂŶŝĨĞƐƚ͕ ƌĞƐŝĚĞƐ ŝŶ /ƌĂŶ ĂŶĚ ,Ğ ŝƐ ƚŚĞ KŶĞ ǁŚŽ ^ĂƚŐƵƌ;WŝƌͿ /ŶƚƌŽĚƵĐĞĚ ǇŽƵ ;DŽŵŝŶͿ ƚŽ ,ŝŵ͘ ZĞĨƌĂŝŶ͗ ĞǁĂƌĞ K DŽŵŝŶƐ͊ dŚŝƐ ŝƐ ǁŚĂƚ ƚŚĞ ƚƌƵĞ 'ƵƌƵ ƚĞůůƐ ǇŽƵ͘ dŚĂƚ ƚŚĞ ĚĞƐĐĞŶĚĂŶƚ ŽĨ ůŝ ĂŶĚ DŽŚĂŵŵĞĚ ŝƐ ,Ğ ;ƉƌĞƐĞŶƚ /ŵĂŵͿĂŶĚ ŝĨ ǇŽƵ ĚŽ ŶŽƚ ƌĞĐŽŐŶŝǌĞ ,ŝŵ ǇŽƵ ǁŝůů ŐŽ ƚŽ ,Ğůů͘

DĞƐƐĂŐĞ͗ dŚĞ ŐŝŶĂŶ ;DŽŵŝŶ ŚĞƚĂŵĂŶŝͿ ƐƚĂƌƚƐ ǁŝƚŚ Ă ǁĂƌŶŝŶŐ͘ &ŝƌƐƚ ďĞůŝĞǀĞ ǁŚĂƚ ͞^ĂƚŐƵƌ͟ ;ŵĞĂŶƐ ^ĂƚŐƵƌƵ #dSȤkȿk% Žƌ WŝƌͿ ƚĞůůƐ ǇŽƵ ĂŶĚ ƚŚĞŶ ŝĨ ǇŽƵ ĚŽ ŶŽƚ ďĞůŝĞǀĞ ƚŚĞŶ Ă ƐƚƌĂŝŐŚƚ ƚŚƌĞĂƚ ƚŚĂƚ ǇŽƵ ǁŝůů ŐŽ ƚŽ

,Ğůů͘ ŶŽƌŵĂů ƉĞƌƐŽŶ ;ŵĞĂŶƐ ŵĂŝŶůǇ ŝŐŶŽƌĂŶƚ͕ ƉŽŽƌ͕ ƵŶƐƵƐƉĞĐƚŝŶŐ͕ ŝůůŝƚĞƌĂƚĞ ƉĞŽƉůĞ ŽĨ ƚŚŽƐĞ ƚŝŵĞƐͿ ĐŽƵůĚ ĚŝƌĞĐƚůǇ ĨĂůů ŝŶ ƚŚŝƐ ƚƌĂƉ͘ DĞƐƐĂŐĞ ϯ͗ ŝƚĂƚŝŽŶ͗ ϳ͘

ϭϬ͘ ϭϴ Ϯϴ͘

ϯϬ͘

ϯϰ͘ ϱϴ͘

dŚĞ EŽŽƌ ŝŶ ƚŚĞ /ŵĂŵ ŽĨ ƚŚĞ dŝŵĞ ŝƐ ƚŚĞ ƐĂŵĞ ƚŚĂƚ ǁĂƐ ƚŚĞ ĐĂƵƐĞ ŽĨ ĐƌĞĂƚŝŽŶ ĂŶĚ ƌĞĂůůǇ ŝƐ ĨƌŽŵ ƚŚĞ ǀĞƌǇ EŽŽƌ ǇŽƵ ŚĂǀĞ ďĞĞŶ ŐŝǀĞŶ ƚŚĞ ^ĂƚƉĂŶƚŚ͕ ŶĂǇ͕ ĞǀĞŶ ƚŚĞ YƵƌĂŶ ŽƌŝŐŝŶĂƚĞĚ ĨƌŽŵ ƚŚĂƚ EŽŽƌ͘ dŚĞ ƐƉŝƌŝƚƵĂů ƐŝĚĞ ŽĨ ǇŽƵƌ ĞǆŝƐƚĞŶĐĞ ŝƐ ĨŽƵŶĚ ŝŶ ƚŚĞ ^ĂƚƉĂŶƚŚ ;ĂŶĚ ǇŽƵ ĐĂŶ ĨŝŶĚ ŝƚͿ ŝĨ ǇŽƵ ƉƌĂǇ ĚƵƌŝŶŐ ƚŚĞ ŶŝŐŚƚ ǁŝƚŚ ƌĞĂů ĨĂŝƚŚ ĂŶĚ ǀĞƌŝůǇ ƚŚĂƚ ŝƐ ƚŚĞ ŽŶůǇ ƐĂůǀĂƚŝŽŶ ĨŽƌ ǇŽƵƌ ƐŽƵů dŚĞ 'ŽĚƐ ƐƵĐŚ ĂƐ ƌĂŚŵĂ͕ sŝƐŚŶƵ ĂŶĚ DĂŚĞƐŚǀĂƌ ĂƌĞ Ăůů ŽŶĞ ŝŶ ƚŚŝƐ ^ĂƚƉĂŶƚŚ ĂŶĚ ĂƌĞ ŵĂŶŝĨĞƐƚ ŝŶ ůŝΖƐ ƉƌŽŐĞŶǇ ĂŶĚ ŝƐ ƉƌĞƐĞŶƚ ǁŝƚŚ ƵƐ ŝŶ ƚŚŝƐ ǁŽƌůĚ͘ tŝƚŚŽƵƚ ĂƐŽŶĚ ƚŚĞƌĞ ŝƐ ŶŽ ƐĂůǀĂƚŝŽŶ ƐŽ ŚĞĞĚ DĞ DŽŵŝŶƐ͕ ĨŽƌ / Ăŵ ďĞŝŶŐ ĞŵƉŚĂƚŝĐ͘ dŚŝƐ :ŽŽŐ ŝƐ ƚŚĞ ůĂƐƚ ƐƚĂŐĞ ǁŚĞƌĞ ǇŽƵ ĐĂŶ ĂĐŚŝĞǀĞ ƐĂůǀĂƚŝŽŶ͖ ƚŚĞŶ ǁŚǇ ŶŽƚ ŵĂŬĞ ĂŶ ĞǆƚƌĂ ĞĨĨŽƌƚ ƚŽ ĂĐŚŝĞǀĞ ŝƚ͘ dŚŽƐĞ DŽŵŝŶƐ ǁŚŽ ǁŝůů ďĞ ĚƵďŝŽƵƐ ĂďŽƵƚ ƉĂǇŝŶŐ ĂƐŽŶĚ ǁŝůů ŚĂǀĞ ŶŽ ŵĂƚĞƌŝĂů͕ ƉŚǇƐŝĐĂů Žƌ ĨĂŵŝůŝĂů ƉĞĂĐĞ͘ dŚĞƐĞ ĂƌĞ ƚŚĞ DŽŵŝŶƐ ǁŚŽ ŚĂǀĞ ŶŽƚ ǁĂůŬĞĚ ƚŚĞ ƉĂƚŚ ŽĨ ^ĂƚƉĂŶƚŚ ĂŶĚ / Ăŵ ďĞƐĞĞĐŚŝŶŐ ƚŚĞŵ͘ dŚŝƐ <ĂůũŽŽŐ ŝƐ Ă ĚŝĨĨŝĐƵůƚ ƚŝŵĞ͕ ƐŽ ďĞǁĂƌĞ͕ ŐŝǀĞ ĂƐŽŶĚ ƚŽ ƚŚĞ ƌŝŐŚƚ 'ƵƌƵ ĂŶĚ ƚŚĂƚ ŝƐ ŽŶĞ ǁĂǇ ŽĨ ĂĐŚŝĞǀŝŶŐ ƐĂůǀĂƚŝŽŶ͘ DŽŵŝŶƐ͕ ďĞ ƐĂƚŝƐĨŝĞĚ ǁŝƚŚ ƚŚĞ ĨŽŽĚ ǇŽƵ ŐĞƚ͖ ĚŽ ŶŽƚ ŚƵŶŐĞƌ ĨŽƌ ŵŽƌĞ͘ dŚĞ ŽŶĞ ǁŚŽ ŚĂƐ ĐƌĞĂƚĞĚ ƚŚŝƐ ĞĂƌƚŚ ŝƐ ůŝ͕ tŚŽ ǁŝůů ŐŝǀĞ ǇŽƵ ǇŽƵƌ ZŽũŝ ;ŝ͘Ğ͘ ƐƵƐƚĞŶĂŶĐĞͿ͘

ǁǁǁ͘ƌĞĂůƉĂƚŝĚĂƌ͘ĐŽŵ ŚƚƚƉ͗ͬͬŝƐƐƵƵ͘ĐŽŵͬƉĂƚŝĚĂƌ

ŵĂŝůΛƌĞĂůƉĂƚŝĚĂƌ͘ĐŽŵ

WĂŐĞ ϯ ŽĨ ϭϮ

3DJH RI ZZZ UHDOSDWLGDU FRP PDLO#UHDOSDWLGDU FRP

0RPLQ &KHWDPDQL 6HULHV ŶĂůǇƐŝƐ ŽĨ DŽŵŝŶ ŚĞƚĂŵĂŶŝ

^ĞƌŝĞƐ ϭϲ

DĞƐƐĂŐĞ͗

ZZZ UHDOSDWLGDU FRP PDLO#UHDOSDWLGDU FRP

x dŚĞ ͞EŽŽƌ͟ ; ŬŚĂŶĚ ŝǀŽ ʹ 7E5P U as ŝƐ ƚŚĞ ƐŽƵƌĐĞ ŽĨ YƵƌĂŶ ĂŶĚ ^ĂƚƉĂŶƚŚ ĂŶĚ ŚĞŶĐĞ ŝƚ ŝƐ ĂŶ /ƐůĂŵŝĐ ƌĞůŝŐŝŽŶ͘ x WƌĂǇ ŝŶ ŶŝŐŚƚ ƚŽ ŐĞƚ ^ĂůǀĂƚŝŽŶ ;\së ͘ x ƌĂŚŵĂ͕ sŝƐŚŶƵ ĂŶĚ DĂŚĞƐŚǁĂƌ ĂƌĞ ŽŶĞ ĂŶĚ ĐŽŵĞ ƚŽ ĞĂƌƚŚ ŝŶ ůŝ͛Ɛ ůŝŶĞĂŐĞ͘ x tŝƚŚŽƵƚ ƉĂǇŝŶŐ ĂƐŽŶĚ͕ ŽŶĞ ĐĂŶŶŽƚ ĂƚƚĂŝŶ ƐĂůǀĂƚŝŽŶ ;\së ͘ x WĂǇ ĂƐŽŶĚ͕ ĞůƐĞ ǇŽƵ ǁŝůů ŶŽƚ ŐĞƚ ƉĞĂĐĞ͘ x WĂǇ ĂƐŽŶĚ ƚŽ ƌŝŐŚƚ 'ƵƌƵ͘ ;DĞĂŶƐ ŽŶůǇ ƚŽ ^ĂƚƉĂŶƚŚŝ 'ƵƌƵͬ/ŵĂŵ ^ŚĂŚͿ x ǀĞŶ ŝĨ ǇŽƵ ĂƌĞ ƉŽŽƌ ĂŶĚ ŶŽƚ ŚĂǀĞ ĞŶŽƵŐŚ ĨŽŽĚ ƚŽ ĞĂƚ͕ ƉĂǇ ĂƐŽŶĚ͘ DĞƐƐĂŐĞ ϰ͗ ŝƚĂƚŝŽŶ͗ ϳϮ͘ ϳϯ͘ ϳϲ͘

dŚŽƐĞ ǁŚŽ ĂƌĞ ŶŽƚ ƐƚĞĂĚĨĂƐƚ ĚŽ ŶŽƚ ĂĐŚŝĞǀĞ ŵƵĐŚ͘ ŐĂŝŶ͕ ƚŚĞƌĞ ŝƐ ŽŶůǇ ŽŶĞ ƌĞĂƚŽƌ ĂŶĚ ,Ğ ŚĂƐ ĐƌĞĂƚĞĚ ƵƐ ƚŽ ƐĞƌǀĞ ,ŝŵ͘ KƵƌ WƌŽƉŚĞƚ DƵŚĂŵŵĞĚ ŝƐ ;Ă ŵĂŶŝĨĞƐƚĂƚŝŽŶ ŽĨͿ ƌĂŚŵĂ͘ WƌŽƉŚĞƚ DƵŚĂŵŵĞĚ DƵƐƚĂĨĂ ǁĂƐ ĐƌĞĂƚĞĚ ƚŽ ĐŽŵƉůĞƚĞ Ă ŵŝƐƐŝŽŶ͘ ƌĂŚŵĂ ĂŶĚ DƵŚĂŵŵĞĚ ĂƌĞ ŽŶĞ ĂŶĚ sŝƐŚŶƵ ďĞĐĂŵĞ ŚŝƐ ƐŽŶͲŝŶͲůĂǁ͘ dŚĞ ƚƌƵĞ ĨŽůůŽǁĞƌƐ ŽĨ ƌĂŚŵĂ ĂƌĞ ƚŚĞ ŽŶĞƐ ǁŚŽ ĨŽůůŽǁ ƚŚĞ ƌĞůŝŐŝŽŶ ƉƌŽƉĞƌůǇ͘ dŚĞǇ ƚĂŬĞ ĂůŵƐ ĂĨƚĞƌ ĂĐĐŽŵƉůŝƐŚŝŶŐ ƚŚĞŝƌ ƉƵƌƉŽƐĞ ĂŶĚ ƚŚƵƐ ƚŚĞǇ ĚŽ ŶŽƚ ŽǁĞ ĂŶǇƚŚŝŶŐ ƚŽ ĂŶǇŽŶĞ͘

DĞƐƐĂŐĞ͗ x ,ŝŶĚƵ ĞůĞŵĞŶƚƐ ŽĨ ƌĂŚŵĂ͕ sŝƐŚŶƵ ĂŶĚ DĂŚĞƐŚ ŚĂǀĞ ďĞĞŶ ĚƌĂŐŐĞĚ ŝŶ͘ x WƌŽƉŚĞƚ DƵŚĂŵŵĞĚ ;\se\U XqFƠZ^ ŝƐ ĐůĂŝŵĞĚ ƚŽ ďĞ ƌĂŚŵĂ x ,ĂǌƌĂƚ ůŝ ŝƐ ĐůĂŝŵĞĚ ƚŽ ďĞ sŝƐŚŶƵ x tŚĞŶ ^ĂƚƉĂŶƚŚŝƐ ƐĂǇ ƌĂŚŵĂ͕ ŝƚ ŵĞĂŶƐ DŽŚĂŵŵĂĚ WĂŝŐĂŵďĂƌ ĂŶĚ ǁŚĞŶ ƚŚĞǇ ƐĂǇ sŝƐŚŶƵ͕ ŝƚ ŵĞĂŶƐ ,ĂǌƌĂƚ ůŝ͕ ĨŽƌ ƚŚĞŵ͘ фффф dŚŝƐ ƉĂƌƚ ŽĨ ƉĂŐĞ ŝƐ ůĞĨƚ ŝŶƚĞŶƚŝŽŶĂůůǇ ďůĂŶŬ хххх

ǁǁǁ͘ƌĞĂůƉĂƚŝĚĂƌ͘ĐŽŵ ŚƚƚƉ͗ͬͬŝƐƐƵƵ͘ĐŽŵͬƉĂƚŝĚĂƌ

ŵĂŝůΛƌĞĂůƉĂƚŝĚĂƌ͘ĐŽŵ

WĂŐĞ ϰ ŽĨ ϭϮ

3DJH RI ZZZ UHDOSDWLGDU FRP PDLO#UHDOSDWLGDU FRP

0RPLQ &KHWDPDQL 6HULHV ŶĂůǇƐŝƐ ŽĨ DŽŵŝŶ ŚĞƚĂŵĂŶŝ

^ĞƌŝĞƐ ϭϲ

ZZZ UHDOSDWLGDU FRP DOSDWLGDU FRP D OSDWLGDU FRP PDLO#UHDOSD PDLO#UHDOSDWLGDU FRP D

^ĞĐƚŝŽŶ Ϯ DƵƌƚĂǌĂ ůŝ͕ WƌŽƉŚĞƚ DƵŚĂŵŵĞĚ͕ ,ŝŶĚƵ 'ŽĚƐ ĂŶĚ /ƐůĂŵ͕ >ŝŶĞĂŐĞ ŽĨ /ŵĂŵƐ ;ϳϳ ƚŽ ϭϬϬͿ͗

DĞƐƐĂŐĞ ϭ͗ ŝƚĂƚŝŽŶ͗ ϳϳ͘ ϳϵ͘ ϴϴ͘ ϵϲ ϵϵ͘ ϭϬϬ͘

WƌŽƉŚĞƚ DƵŚĂŵŵĞĚ ŝƐ ůŝŬĞ ƌĂŚŵĂũŝ ĂŶĚ ƚŚĞ ^ĂƚŐƵƌΖƐ EŽŽƌ ŝƐ ĚĞƐĐĞŶĚĂŶƚ ĨƌŽŵ ,ŝŵ͘ ^ĂƚŐƵƌΖƐ EŽŽƌ ŚĂƐ ĐŽŵĞ ĨƌŽŵ ƚŚĞ ,ĞĂǀĞŶ ĂŶĚ ,Ğ ŚĂƐ ƚĂƵŐŚƚ ƚŚĞ ǁŽƌůĚ ƚŚĞ ƌŝŐŚƚ ƌĞůŝŐŝŽŶ͘ DƵƌƚĂǌĂ ůŝ ǁĂƐ ďŽƌŶ ƚŽ ďƵ dĂůŝď ŝŶ ĂŝƚƵůůĂ͕ ǁŚŝĐŚ ŝƐ ŝŶ DĞĐĐĂ͘ ^Ž DŽŵŝŶƐ͕ ƐĞƌǀĞ ƚŚĂƚ >ŽƌĚ ĂŶĚ ďĞ ƚŚĂŶŬĨƵů ĨŽƌ ůŝ ŝƐ ůůĂŚ ĂŶĚ ĚŽ ŶŽƚ ĞǀĞƌ ĚŽƵďƚ ŝƚ͘ DŽŵŝŶƐ͕ ĚŽ ĐĂůů ůŝ ůůĂŚ ĂŶĚ ŶŽƚŚŝŶŐ ůĞƐƐ ĨŽƌ / ŚĂǀĞ ďĞůŝĞǀĞĚ ŝŶ ,ŝŵ ǁŝƚŚ ŝŵƉůŝĐŝƚ ĨĂŝƚŚ ĂŶĚ ,Ğ ŝƐ ŵǇ >ŽƌĚ͘ ^Ž DŽŵŝŶƐ͕ 'ŽĚ ŚĂƐ ƉƌŽĐůĂŝŵĞĚ ,ŝŵƐĞůĨ ŝŶ ,ĂǌƌĂƚ ůŝ ĂŶĚ ƚŚĞƌĞ ŝƐ ŶŽ ĞŶĚ ƚŽ ǁŚĂƚ ,Ğ ĐĂŶ ĚŽ͘ ,Ğ ŐĂǀĞ ƵƐ /ƐůĂŵ ĂŶĚ ƚŚĞŶ ĐĂŵĞ ƚŽ ƵƐ ƌŝĚŝŶŐ Ƶů Ƶů ĂŶĚ ǁŝƚŚ ƵůĨŝƋĂƌ ;ƐǁŽƌĚͿ ŝŶ ,ŝƐ ŚĂŶĚ͘ dŚĞ ƉĞŽƉůĞ ǁĞƌĞ ĐŽŶǀĞƌƚĞĚ ƚŽ /ƐůĂŵ ĂŶĚ ŶŽ ,ŝŶĚƵƐ ǁĞƌĞ ůĞĨƚ͘ dŚĞǇ ĐŽƵůĚ ƉƌĂĐƚŝĐĞ ƚŚĞŝƌ ƌĞůŝŐŝŽŶ ŽƉĞŶůǇ ĂŶĚ WƌŽƉŚĞƚ DƵŚĂŵŵĞĚ ǁĂƐ ƚŚĞŝƌ ůĞĂĚĞƌ͘

DĞƐƐĂŐĞ͗

x x x x

>ŽƌĚ ƌĂŚŵĂ ŝƐ ƉƌŽƉŚĞƚ DŽŚĂŵŵĂĚ ĂŶĚ ŚĞ ŚĂƐ ƚĂƵŐŚƚ ƵƐ ƚŚĞ ƌŝŐŚƚ ƌĞůŝŐŝŽŶ ,ĂǌƌĂƚ ůŝ ŝƐ ůůĂŚ ĂŶĚ ǁĞ ĂƌĞ ŶŽƚ ƐƵƉƉŽƐĞĚ ƚŽ ƋƵĞƐƚŝŽŶ ƚŚŝƐ ,ĂǌƌĂƚ ůŝ ŐĂǀĞ /ƐůĂŵ ĂŶĚ ŚĞ ǁŝůů ĐŽŵĞ ƌŝĚŝŶŐ Ƶů Ƶů ;,ŽƌƐĞͿ ǁŝƚŚ Ă ^ǁŽƌĚ͘ WĞŽƉůĞ ĂƌĞ ĐŽŶǀĞƌƚĞĚ ƚŽ /ƐůĂŵ ĂŶĚ ŶŽ ,ŝŶĚƵƐ ǁŝůů ďĞ ůĞĨƚ͘

фффф dŚŝƐ ƉĂƌƚ ŽĨ ƉĂŐĞ ŝƐ ůĞĨƚ ŝŶƚĞŶƚŝŽŶĂůůǇ ďůĂŶŬ хххх

ǁǁǁ͘ƌĞĂůƉĂƚŝĚĂƌ͘ĐŽŵ ŚƚƚƉ͗ͬͬŝƐƐƵƵ͘ĐŽŵͬƉĂƚŝĚĂƌ

ŵĂŝůΛƌĞĂůƉĂƚŝĚĂƌ͘ĐŽŵ

WĂŐĞ ϱ ŽĨ ϭϮ

3DJH RI ZZZ UHDOSDWLGDU FRP PDLO#UHDOSDWLGDU FRP

0RPLQ &KHWDPDQL 6HULHV ŶĂůǇƐŝƐ ŽĨ DŽŵŝŶ ŚĞƚĂŵĂŶŝ

^ĞƌŝĞƐ ϭϲ

ZZZ UHDOSDWLGDU FRP FRP FRP PDLO#UHDOSD PDLO#UHDOSDWLGDU FRP D

^ĞĐƚŝŽŶ ϯ ŝďŝ &ĂƚŝŵĂ ĂŶĚ DƵƌƚĂǌĂ ůŝ͛Ɛ ŵĂƌƌŝĂŐĞ ;ϭϬϭ ƚŽ ϭϮϮͿ͗

DĞƐƐĂŐĞ ϭ͗ ŝƚĂƚŝŽŶ͗

ϭϭϳ͘ ϭϮϮ͘

EĂďŝ DƵŚĂŵŵĞĚ ŝƐ ƚŚĞ ƌŝŐŚƚ ƌĂŚŵĂ ĂŶĚ ŚŝƐ ĚĂƵŐŚƚĞƌ ŝƐ ŝďŝ &ĂƚŝŵĂ͘ dŚŝƐ ǁŽƌƌŝĞĚ ƚŚĞ WƌŽƉŚĞƚ Ͳ ǁŚŽ ǁŽƵůĚ ŵĂƌƌǇ ŚŝƐ ĚĂƵŐŚƚĞƌ͍ DŽŵŝŶƐ͕ ůŝ ĂŶĚ DƵŚĂŵŵĞĚ ĂƌĞ ŽŶĞ͘ /ƚ ŝƐ ůŝŬĞ ĚŝĨĨĞƌĞŶƚ ĂƚƚƌŝďƵƚĞƐ ŽĨ 'ŽĚ ĂƐ ŽŶĞ ǁŚŽ ǁŽƵůĚ ĐŽŵƉĂƌĞ ůŝ ƚŽ sŝƐŚŶƵ ĂŶĚ DƵŚĂŵŵĞĚ ƚŽ ƌĂŚŵĂ͘ ,ĂǌƌĂƚ ůŝ ƚŚƵƐ ŵĂƌƌŝĞĚ ŝďŝ &ĂƚŝŵĂ͕ ƚŚĞ WƌŽƉŚĞƚΖƐ ĚĂƵŐŚƚĞƌ͕ ĂŶĚ ƚŚĞ WƌŽƉŚĞƚ ŐĂǀĞ ŚĞƌ Ă ĚŽǁƌǇ ŽĨ ĨŽƵƌ ƐĞƌǀĂŶƚƐ͘

DĞƐƐĂŐĞ͗

x ŝďŝ &ĂƚŝŵĂ ;8Č b ƈS ŝƐ ĚĂƵŐŚƚĞƌ ŽĨ ƉƌŽƉŚĞƚ ;EĂďŝͿ DŽŚĂŵŵĂĚ͘ x ,ĂǌƌĂƚ ůŝ ŝƐ sŝƐŚŶƵ ĂŶĚ DŽŚĂŵŵĂĚ ŝƐ ƌĂŚŵĂ x ŝďŝ &ĂƚŝŵĂ ;8Č b ƈSͿ ŵĂƌƌŝĞĚ ,ĂǌƌĂƚ ůŝ фффф dŚŝƐ ƉĂƌƚ ŽĨ ƉĂŐĞ ŝƐ ůĞĨƚ ŝŶƚĞŶƚŝŽŶĂůůǇ ďůĂŶŬ хххх

ǁǁǁ͘ƌĞĂůƉĂƚŝĚĂƌ͘ĐŽŵ ŚƚƚƉ͗ͬͬŝƐƐƵƵ͘ĐŽŵͬƉĂƚŝĚĂƌ

ŵĂŝůΛƌĞĂůƉĂƚŝĚĂƌ͘ĐŽŵ

WĂŐĞ ϲ ŽĨ ϭϮ

3DJH RI ZZZ UHDOSDWLGDU FRP PDLO#UHDOSDWLGDU FRP

0RPLQ &KHWDPDQL 6HULHV ŶĂůǇƐŝƐ ŽĨ DŽŵŝŶ ŚĞƚĂŵĂŶŝ

^ĞƌŝĞƐ ϭϲ

ZZZ UHDOSDWLGDU FRP LLGDU FRP GDU FRP PDLO#UHDOSD PDLO#UHDOSDWLGDU FRP D

^ĞĐƚŝŽŶ ϰ &ŽƵƌ ^ĞƌǀĂŶƚƐ ŽĨ ŝďŝ &ĂƚŝŵĂ ;ϭϮϯ ƚŽ ϭϱϵͿ͗

DĞƐƐĂŐĞ ϭ͗ ŝƚĂƚŝŽŶ͗ UHODWH WR 'DVRQG DĞƐƐĂŐĞ͗

x ƚ ĂŶǇ ĐŽƐƚ ƉĂǇ ĂƐŽŶĚ DĞƐƐĂŐĞ Ϯ͗ ŝƚĂƚŝŽŶ͗ ϭϯϴ͘ ϭϰϯ͘ ϭϰϳ͘ ϭϰϵ͘

dŚĞƐĞ ƐĞƌǀĂŶƚƐ ƐĞƌǀĞĚ ďŽƚŚ ŝďŝ &ĂƚŝŵĂ ĂŶĚ ŚĞƌ ŚƵƐďĂŶĚ ;,ĂǌƌĂƚ ůŝͿ Ăůů ƚŚĞŝƌ ůŝǀĞƐ ĂŶĚ ĞǀĞŶ ǁŚĞŶ ƚŚĞŝƌ ĨŝŶĂů ŵŽŵĞŶƚƐ ĐĂŵĞ͕ ƚŚĞǇ ƌĞŵĂŝŶĞĚ ƐƚĞĂĚĨĂƐƚ ŝŶ ƚŚĞŝƌ ůŽǀĞ ĨŽƌ ůŝ͘ ĨƚĞƌ ƚŚĞƐĞ ĨŽƵƌ ƐĞƌǀĂŶƚƐ ǁĞƌĞ ŵĂƌƌŝĞĚ ĂŶĚ ĂĨƚĞƌ ƚŚĞǇ ŚĂĚ ĂĐĐĞƉƚĞĚ /ƐůĂŵ͕ ƚŚĞǇ ǁĞƌĞ ƌĞůĞĂƐĞĚ ĨƌŽŵ ,ĂǌƌĂƚ ůŝΖƐ ƐĞƌǀŝĐĞ͖ ƚŚƵƐ ǁĂƐ ,ŝƐ ĐŽŵŵĂŶĚ͘ ĐŬŶŽǁůĞĚŐĞ ůŝ ĂƐ ůůĂŚ ĂŶĚ Wŝƌ ŝƐ ŽŶ ƚŚĞ ƐĂŵĞ ĨŽŽƚŝŶŐ ĂƐ ƚŚĞ EĂďŝ͘ dŚƵƐ ĨŽůůŽǁ ǁŚĂƚ ǁĞ ƐĂǇ ƚŽ ǇŽƵ ĂŶĚ ƚŚĂƚ ǁŝůů ĞŶƐƵƌĞ ƚŚĂƚ ǇŽƵ ĂŶĚ ǇŽƵƌ ĨĂŵŝůǇ ǁŝůů ĨůŽƵƌŝƐŚ͘ /Ĩ ǇŽƵ ƉĂǇ ĂƐŽŶĚ ƚŽ ůŝ ǇŽƵƌ ŵĂƚĞƌŝĂů ǁĞĂůƚŚ ĂŶĚ ǇŽƵƌ ƉƌŽŐĞŶǇ ǁŝůů ŝŶĐƌĞĂƐĞ͘ ,Ğ ǁŝůů ĂůƐŽ ŬĞĞƉ ǇŽƵƌ /ŵĂŶ ƐƚƌŽŶŐ͘ sĞƌŝůǇ ůŝ ŝƐ ƚŚĞ ƌĞĂƚŽƌ͘ dŚĞ ĐŚŝůĚƌĞŶ ƚŚĂƚ ĨŽůůŽǁ ǇŽƵ ǁŝůů ĂĚŚĞƌĞ ƚŽ ^ĂƚƉĂŶƚŚ͘ dŚĞǇ ǁŝůů ďĞůŝĞǀĞ ŝŶ ůŝ ĂŶĚ ǁŝůů ďĞ ĂŵŽŶŐ ƚŚĞ DƵƐůŝŵƐ ǁŚŽ ǁŝůů ĂĐŬŶŽǁůĞĚŐĞ DƵŚĂŵŵĞĚ͘ dŚĞǇ ƌĞŵĂŝŶĞĚ ƚƌƵĞ ƚŽ ƚŚĞ ƌŝŐŚƚ ;ŽƌŝŐŝŶĂůͿ ƌĞůŝŐŝŽŶ ĂŶĚ ƚŚĞǇ ĚŝĚ ƚŚŝƐ ǁŝƚŚŽƵƚ ƉƵďůŝĐŝƐŝŶŐ ŝƚ͘

ϭϱϳ͘ DĞƐƐĂŐĞ͗

x x x x x

^ĞƌǀĞ ůŝ ĂŶĚ ŝďŝ &ĂƚŝŵĂ͕ ƐĞůĨůĞƐƐ Ăůů ƚŚƌŽƵŐŚ ǇŽƵƌ ůŝĨĞ /Ĩ ǇŽƵ ĚŽ ƐŽ͕ ǇŽƵ ǁŝůů ƉƌŽƐƉĞƌ Ƶƚ ǇŽƵ ŶĞĞĚ ƚŽ ƉĂǇ ĂƐŽŶĚ zŽƵ ĂŶĚ ǇŽƵƌ ĐŚŝůĚƌĞŶ ǁŝůů ďĞ DƵƐůŝŵƐ &ŽůůŽǁ ƚŚĞ ƌĞůŝŐŝŽŶ ǁŝƚŚŽƵƚ ƉƵďůŝĐŝǌŝŶŐ ŝƚ͘ ;ďƵƚ ǁŚǇ͍Ϳ фффф dŚŝƐ ƉĂƌƚ ŽĨ ƉĂŐĞ ŝƐ ůĞĨƚ ŝŶƚĞŶƚŝŽŶĂůůǇ ďůĂŶŬ хххх

ǁǁǁ͘ƌĞĂůƉĂƚŝĚĂƌ͘ĐŽŵ ŚƚƚƉ͗ͬͬŝƐƐƵƵ͘ĐŽŵͬƉĂƚŝĚĂƌ

ŵĂŝůΛƌĞĂůƉĂƚŝĚĂƌ͘ĐŽŵ

WĂŐĞ ϳ ŽĨ ϭϮ

3DJH RI ZZZ UHDOSDWLGDU FRP PDLO#UHDOSDWLGDU FRP

0RPLQ &KHWDPDQL 6HULHV ŶĂůǇƐŝƐ ŽĨ DŽŵŝŶ ŚĞƚĂŵĂŶŝ

^ĞƌŝĞƐ ϭϲ

ZZZ UHDOSDWLGDU FRP LGDU FRP LGDU FRP PDLO#UHDOSD PDLO#UHDOSDWLGDU FRP D

^ĞĐƚŝŽŶ ϱ >ŝŶŬŝŶŐ ^ĂƚƉĂŶƚŚ ǁŝƚŚ &ŽƵƌ :ŽŐƐ ;ϭϲϬ ƚŽ ϭϵϵͿ͗ DĞƐƐĂŐĞ ϭ͗ ŝƚĂƚŝŽŶ͗ ϭϲϬ͘ ϭϲϭ͘ ϭϲϮ͘

,ĂǌƌĂƚ ůŝ ŝƐ ĨƌŽŵ ƚŚĞ WƌŽƉŚĞƚΖƐ ůŝŶĞĂŐĞ ĂŶĚ ,ĂƐĂŶ ĂŶĚ ,ƵƐƐĞǇŶ ĂƌĞ ,ŝƐ ĐŚŝůĚƌĞŶ ĂŶĚ ĂŝŶƵůĂďĚĞĞŶ ŝƐ ,ŝƐ ŐƌĂŶĚƐŽŶ͘ ^ŝŵŝůĂƌůǇ ƚŚŝƐ ůŝŶĞ ǁŝůů ĐŽŶƚŝŶƵĞ ǁŝƚŚ ĞǀĞƌǇ :ŽŵĂ ;ĞǀĞƌǇ ĚĞƐĐĞŶĚĂŶƚ /ŵĂŵͿ͘ DŽŵŝŶƐ͕ ĚŽ ŶŽƚ ĨŽƌŐĞƚ ƚŽ ƐĞƌǀĞ ,ŝŵ͕ ĨŽƌ ŝĨ ǇŽƵ ĚŽ͕ ǇŽƵ ǁŝůů ŶŽƚ ĂĐŚŝĞǀĞ ŚĞĂǀĞŶ͘ dŚĞ ƌĞůŝŐŝŽŶ ƚŚĂƚ ŚĂƐ ďĞĞŶ ŝŶƚƌŽĚƵĐĞĚ ƚŽ ǇŽƵ ďǇ ůŝ ĂŶĚ EĂďŝ͕ ŽďƐĞƌǀĞ ŝƚ ǁŝƚŚŝŶ ǇŽƵƌƐĞůĨ ĨŽƌ ƚƌƵůǇ ƚŚŝƐ ƌĞůŝŐŝŽŶ ŝƐ ĨƌŽŵ ƚŚĞ ƚŝŵĞ ŽĨ ĐƌĞĂƚŝŽŶ ĂŶĚ ǇŽƵ ĐĂŶ ĨŝŶĚ ŝƚƐ ƉƌŽŽĨ ŝŶ ƚŚĞ ,ŽůǇ YƵƌĂŶ͘

DĞƐƐĂŐĞ͗

x DŽŵŝŶƐ ƐŚŽƵůĚ ƐĞƌǀĞƌ ůŝŶĞĂŐĞ ŽĨ ,ĂǌƌĂƚ ůŝ x WƌŽŽĨ ŽĨ ^ĂƚƉĂŶƚŚ ƌĞůŝŐŝŽŶ ĐĂŶ ďĞ ĨŽƵŶĚ ŝŶ YƵƌĂŶ DĞƐƐĂŐĞ Ϯ͗ ŝƚĂƚŝŽŶ͗ ϭϲϲ͕ ϭϲϳ͕ ϭϲϴ͕ ϭϲϵ Ͳ EŽ ŽĨ ƉĞŽƉůĞ ǁŚŽ ĂƚƚĂŝŶĞĚ ƐĂůǀĂƚŝŽŶ ŝŶ ĨŽƵƌ ũŽŐƐ ĂŶĚ ǁŚŽ ǁĞƌĞ ƚŚĞ ŐƵƌƵƐ ϭϳϭ ƚŽ ϭϳϲ ʹ<ĂƌƚĂ :ŽŽŐ ʹ&ŝƌƐƚ :ŽŽŐ ʹ^ƚŽƌǇ ŽĨ ŬŝŶŐ WƌĂŚĂůĂĚ ϭϳϳ ƚŽ ϭϴϯ ʹdƌĞƚĂ :ŽŽŐ ʹ^ĞĐŽŶĚ :ŽŽŐ ʹ^ƚŽƌǇ ŽĨ ŬŝŶŐ ,ĂƌŝƐŚĐŚĂŶĚƌĂ ĂŶĚ ZĂŵ ϭϴϰ ƚŽ ϭϵϮ ʹ ƵĂƉĂƌ :ŽŽŐ ʹdŚŝƌĚ :ŽŽŐ ʹ^ƚŽƌǇ ŽĨ WĂŶĚĂǀƐ ĂŶĚ <ƌŝƐŚŶĂ ϭϵϰ ƚŽϭϵϵ ʹ<Ăůŝ :ŽŽŐ ʹ&ŽƵƌƚŚ ĂŶĚ &ŝŶĂů :ŽŽŐ ʹ^ƚŽƌǇ ŽĨ /ŵĂŵ ůŝ ĂŶĚ WƌŽƉŚĞƚ DŽŚĂŵŵĂĚ DĞƐƐĂŐĞ͗

x /Ŷ ĨŽƵƌƚŚ :ŽŽŐ ;ƉƌĞƐĞŶƚ ũŽŽŐ ͬ zƵŐͿ /ŵĂŵ ůŝ ŝƐ ƚŚĞ ůŽƌĚ ĂŶĚ ŚĞ ƐŚŽƵůĚ ďĞ ǁŽƌƐŚŝƉĞĚ фффф dŚŝƐ ƉĂƌƚ ŽĨ ƉĂŐĞ ŝƐ ůĞĨƚ ŝŶƚĞŶƚŝŽŶĂůůǇ ďůĂŶŬ хххх

ǁǁǁ͘ƌĞĂůƉĂƚŝĚĂƌ͘ĐŽŵ ŚƚƚƉ͗ͬͬŝƐƐƵƵ͘ĐŽŵͬƉĂƚŝĚĂƌ

ŵĂŝůΛƌĞĂůƉĂƚŝĚĂƌ͘ĐŽŵ

WĂŐĞ ϴ ŽĨ ϭϮ

3DJH RI ZZZ UHDOSDWLGDU FRP PDLO#UHDOSDWLGDU FRP

0RPLQ &KHWDPDQL 6HULHV ŶĂůǇƐŝƐ ŽĨ DŽŵŝŶ ŚĞƚĂŵĂŶŝ

^ĞƌŝĞƐ ϭϲ

ZZZ UHDOSDWLGDU FRP FR PDLO#UHDOSDWLGDU FRP D # HD SD SD

^ĞĐƚŝŽŶ ϲ Wŝƌ ^ŚĂŵƐ ;ϮϬϬ ƚŽ ϯϴϭͿ͗ Wŝƌ ^ĂůĂŚĚŝŶ͕ ĨĂƚŚĞƌ ŽĨ Wŝƌ ^ŚĂŵƐ͕ ĚĞƐĐĞŶĚĞĚ ĚŝƌĞĐƚůǇ ĨƌŽŵ ŚĞĂǀĞŶ ĂŶĚ ƐĞƚƚůĞĚ ŝŶ WĂƚĂŶ ĂŶĚ ĐŽŶǀĞƌƚĞĚ ƚŚĞ ŬŝŶŐ ŽĨ WĂƚĂŶ ĂŶĚ ŵĂƌƌŝĞĚ ŚŝƐ ĚĂƵŐŚƚĞƌ͘ ,Ğ ŝƐ ĨƌŽŵ ůŝ͛Ɛ ůŝŶĞĂŐĞ͘ ϮϬϳ͕ ϮϬϴ͕ ϮϬϵ͕ ϯϲϬ͕ ϯϲϭ͕ ϯϳϵ ʹƉĂǇ ĚĂƐŽŶĚ Ăƚ ĂŶǇ ĐŽƐƚ ƚŽ ŐĞƚ ƐĂůǀĂƚŝŽŶ Ă͘ WĂƉĞƌ ŽĂƚ ^ƚŽƌǇ ;Ϯϭϴ ƚŽ ϮϱϯͿ /Ŷ ƚŚŝƐ ƐƚŽƌǇ͕ Wŝƌ ^ŚĂŵƐ ŵĂĚĞ Ă ƉĂƉĞƌ ďŽĂƚ ĂŶĚ ƐĂŝůĞĚ ŝŶ ŝƚ͘ ď͘ DŝůŬ ǁŝƚŚ ƉŽŝƐŽŶ ƐƚŽƌǇ ;Ϯϱϰ ƚŽ ϮϳϬͿ /Ŷ ƚŚŝƐ ƐƚŽƌǇ͕ Wŝƌ ^ŚĂŵƐ ƌĞƚƵƌŶĞĚ ƚŚĞ ŐůĂƐƐ ŽĨ ŵŝůŬ ǁŝƚŚ ƉŽŝƐŽŶ Đ͘ 'ŝǀŝŶŐ ůŝĨĞ ƚŽ ĚĞĂĚ ĐŚŝůĚ ƐƚŽƌǇ ;Ϯϳϭ /Ŷ ƚŚŝƐ ƐƚŽƌǇ͕ Wŝƌ ^ŚĂŵƐ ďƌŽƵŐŚƚ Ă ďŽǇ͕ ďĂĐŬ ƚŽ ůŝĨĞ͘ ƚŽ ϮϵϬͿ Ě͘ ƌŝŶŐŝŶŐ ĚŽǁŶ ^ƵŶ ĂŶĚ DŽŽŶ ƐƚŽƌǇ /Ŷ ƚŚŝƐ ƐƚŽƌǇ͕ ^ƵŶ ĂŶĚ ƚŚĞ DŽŽŶ ŽďĞǇĞĚ ƚŚĞ ŝŶƐƚƌƵĐƚŝŽŶƐ ŽĨ Wŝƌ ^ŚĂŵƐ ;Ϯϵϭ ƚŽ ϯϱϲ Ğ͘ tĂƌŶŝŶŐ ƚŽ ƉƌĞĂĐŚŝŶŐ ƚŽ ůůĂŚ͕ ƉĂǇ /Ŷ ƚŚŝƐ ƐƚŽƌǇ͕ ŚĞ ŚĂƐ ŐŝǀĞŶ ǁĂƌŶŝŶŐ ƚŚĂƚ ^ĂƚƉĂŶƚŚŝƐ ƐŚŽƵůĚ ƉƌĂǇ ƚŽ ůůĂŚ ĂŶĚ ƉĂǇ ĂƐŽŶĚ ŝŶ Ăůů ĂƐŽŶĚ ;ϯϱϳ ƚŽ ϯϴϭͿ ĐŝƌĐƵŵƐƚĂŶĐĞƐ͕ ƚŽ ĂƚƚĂŝŶ ƐĂůǀĂƚŝŽŶ͘

DĞƐƐĂŐĞ͗ /Ŷ ƚŚĞ ĂďŽǀĞ ŵĞŶƚŝŽŶĞĚ ƐƚŽƌŝĞƐ ͬ ŵŝƌĂĐůĞƐ ŽĨ Wŝƌ ^ŚĂŵƐ͕ ƚŚĞ ŵĞƐƐĂŐĞ ŝƐ ƚŚĂƚ ŽŶĞ ŶĞĞĚƐ ƚŽ ĂĐĐĞƉƚ ^ĂƚƉĂŶƚŚ ǁŝƚŚŽƵƚ ĚŽƵďƚŝŶŐ ŝƚ ĂŶĚ ƋƵĞƐƚŝŽŶŝŶŐ ŝƚ͘ ĐĐĞƉƚ ůůĂŚ ĂŶĚ YƵƌĂŶ͕ ĞůƐĞ͙ ŽǀĞƌƚůǇ ĨĞĂƌĨƵů ĂŶĚ ƵŶďĞůŝĞǀĂďůĞ ĞǆĂŵƉůĞƐ ĂƌĞ ŐŝǀĞŶ ĨƌŝŐŚƚĞŶŝŶŐ ƚŚĞ ƉĞŽƉůĞ ďǇ ƐƵŐŐĞƐƚŝŶŐ ƚŚĞ ƉŽƐƐŝďůĞ ƚŚŝŶŐƐ ƚŚĂƚ ŵŝŐŚƚ ŚĂƉƉĞŶ͕ ƚŽ ĂŶǇŽŶĞ ǁŚŽ ĚŽƵďƚƐ ^ĂƚƉĂŶƚŚ ĂŶĚ ĚŽĞƐ ŶŽƚ ƉĂǇ ĂƐŽŶĚ͘ фффф dŚŝƐ ƉĂƌƚ ŽĨ ƉĂŐĞ ŝƐ ůĞĨƚ ŝŶƚĞŶƚŝŽŶĂůůǇ ďůĂŶŬ хххх

ǁǁǁ͘ƌĞĂůƉĂƚŝĚĂƌ͘ĐŽŵ ŚƚƚƉ͗ͬͬŝƐƐƵƵ͘ĐŽŵͬƉĂƚŝĚĂƌ

ŵĂŝůΛƌĞĂůƉĂƚŝĚĂƌ͘ĐŽŵ

WĂŐĞ ϵ ŽĨ ϭϮ

3DJH RI ZZZ UHDOSDWLGDU FRP PDLO#UHDOSDWLGDU FRP

0RPLQ &KHWDPDQL 6HULHV ŶĂůǇƐŝƐ ŽĨ DŽŵŝŶ ŚĞƚĂŵĂŶŝ

^ĞƌŝĞƐ ϭϲ

ZZZ UHDOSDWLGDU FRP WWLGDU FRP LGDU FRP PDLO#UHDOSD PDLO#UHDOSDWLGDU FRP D

^ĞĐƚŝŽŶ ϳ Wŝƌ EĂƐŝƌƵĚĚŝŶ ;ϯϴϮ ƚŽ ϯϵϮͿ͗

x Wŝƌ EĂƐŝƌƵĚĚŝŶ ŝƐ ƐŽŶ ŽĨ Wŝƌ ^ŚĂŵƐ ĂŶĚ ŚĞ ĂůƐŽ ƉƌĞĂĐŚĞĚ ƌĞůŝŐŝŽŶ ůŝŬĞ Wŝƌ ^ŚĂŵƐ x ,Ğ ƌĞĐŽŐŶŝǌĞĚ ƚŚĞ ͞/ŵĂŵ͟ ŽĨ ƚŚĂƚ ƚŝŵĞ͘ ;͞/ŵĂŵ͟ ŝŶ ƚŚŝƐ ĐŽŶƚĞǆƚ ŵĞĂŶƐ ƚŚĞ ǀĂƚĂƌ ŽĨ ,ĂǌƌĂƚ ůŝ ʹƚŚĞ ƐŽ ĐĂůůĞĚ ϭϬƚŚ ǀĂƚĂƌ ŽĨ >ŽƌĚ sŝƐŚŶƵͿ x ,Ğ ĐŽŶǀĞƌƚĞĚ ƚŚŽƵƐĂŶĚƐ ŽĨ ƉĞŽƉůĞ ƚŽ /ƐůĂŵ

^ĞĐƚŝŽŶ ϴ Wŝƌ ^ĂĚĂƌĚŝŶ ;^ĂĚƌƵĚĚŝŶͿ ;ϯϵϯ ƚŽ ϰϯϳͿ͗ Wŝƌ ^ĂĚƌƵĚĚŝŶ ŝƐ ƚŚĞ ĨŽƵŶĚĞƌ ŽĨ ^ĂƚƉĂŶƚŚ͘ ,Ğ ŐĂǀĞ ƚŚĞ ŶĂŵĞ ͞^ĂƚƉĂŶƚŚ͟ ƚŽ ƚŚŝƐ ƌĞůŝŐŝŽŶ ĂŶĚ ĐĂůůĞĚ ŚŝƐ ĚŝƐĐŝƉůĞƐ ĂƐ ͞DŽŵŝŶƐ͟ Žƌ ͞DƵŵŶĂƐ͟ ;Ⱥk\Wh ŝƚĂƚŝŽŶ͗ ϰϬϯ͘ ϰϭϮ͘ ϰϭϯ͘ ϰϮϳ͘

ϰϮϵ͘ ϰϯϬ͘ ϰϯϭ͘

<ŝŶĚůĞ ƚŚĞ ůŽǀĞ ĂŶĚ ƐĞƌǀĞ ǁŝƚŚ ůŽǀĞ͖ ĚĞƐƚƌŽǇ ƚŚĞ ĚŽƵďƚƐ ƚŚĂƚ ĂƌŝƐĞ ŝŶ ǇŽƵƌ ŵŝŶĚ͖ ĂůǁĂǇƐ ŽďƐĞƌǀĞ ƚŚĞ ĂƐŽŶĚ ĂŶĚ ƉĂǇ ŝƚ ƚŽ ůŝΖƐ ƉƌŽŐĞŶǇ͘ ^Ž DŽŵŝŶƐ͕ ĚŽŶΖƚ ĚĞůĂǇ ŐŝǀŝŶŐ ĂƐŽŶĚ ĨŽƌ ŝƚ ŝƐ ƚŚƌŽƵŐŚ ƚŚŝƐ ƚŚĂƚ ǇŽƵ ƐŚŽǁ ǇŽƵƌ ĚĞǀŽƚŝŽŶ ƚŽ ůŝ͖ ƉĂǇ ǇŽƵƌ ĂƐŽŶĚ ƚŽ ůŝ ĂŶĚ ŶĞǀĞƌ ĚŽƵďƚ ,ŝŵ͘ Ž ŶŽƚ ƉƌŽĐƌĂƐƚŝŶĂƚĞ ŝŶ ŐŝǀŝŶŐ ĂƐŽŶĚ ĨŽƌ ƚŚĂƚ ǁŝůů ŝŶǀŽůǀĞ ǇŽƵƌ ƐŽƵů ŵŽƌĞ ŝŶ ǁŽƌůĚůǇ ĂĨĨĂŝƌƐ ĂŶĚ ǇŽƵ ǁŝůů ďĞ ůŝŬĞ ƚŚĞ Ϯϰ <ĂƌŽƌ ǁŚŽ ŐŽƚ ŝŶǀŽůǀĞĚ ǁŝƚŚ ŵĂƚĞƌŝĂů ƚŚŝŶŐƐ ŝŶ ůŝĨĞ͘ dŚŽƐĞ ǁŚŽ ŚĂǀĞ ƐĞĐŽŶĚ ĚŽƵďƚƐ ǁŚŝůƐƚ ŐŝǀŝŶŐ ĂƐŽŶĚ ĂŶĚ ŐĞƚ ĂƚƚĂĐŚĞĚ ƚŽ ƚŚĞŝƌ ǁŽƌůĚůǇ ƉŽƐƐĞƐƐŝŽŶƐ͕ ĨŝŶĚ ƚŚĞŵƐĞůǀĞƐ ŝŶ ƚŚĞ ĐŽŵƉĂŶǇ ŽĨ ƵŶƚƌƵĞ ŐƵƌƵƐ ǁŚŽ ĚŽŶΖƚ ĞǀĞŶ ŬŶŽǁ ŚŽǁ ƚŽ ĐŽƌƌĞĐƚ ƚŚĞŝƌ ŽǁŶ ǁƌŽŶŐƐ͘ ůů ƚŚĞ ŽƚŚĞƌ ƌĞůŝŐŝŽŶƐ ǁŝůů ůĞĂĚ ǇŽƵ ƚŽ ŚĞĂǀĞŶ ďƵƚ ŝƚ ŝƐ ŽŶůǇ ^ĂƚƉĂŶƚŚ ƚŚĂƚ ǁŝůů ůĞĂĚ ǇŽƵ ƚŽ ƚŚĞ ĞƚĞƌŶĂů ŚĞĂǀĞŶ ; ŵƌĂƉƵƌŝͿ͘ dŚĞ ϭϮ <ĂƌŽƌ ǁŚŽ ĂĐŚŝĞǀĞĚ ƐĂůǀĂƚŝŽŶ ǁĞƌĞ ƚƌƵĞ ĂƐŽŶĚŝ ĂŶĚ ƚŚĞǇ ŶĞǀĞƌ ĂƚĞ ďĞĨŽƌĞ ƉĂǇŝŶŐ ĂƐŽŶĚ͘ dŚĞǇ ŽďĞǇĞĚ /ŵĂŵΖƐ &ĂƌŵĂŶƐ ĂŶĚ ƌĞĐŽŐŶŝǌĞĚ ,ŝŵ ĂƐ 'ŽĚ DĂŶŝĨĞƐƚ͘ dŚĞ ƉƌĞƐĞŶƚ /ŵĂŵ ďůĞƐƐĞĚ ƚŚĞŵ ĂŶĚ ƚŚĞǇ ŶĞǀĞƌ ůŽŽŬĞĚ ĞůƐĞǁŚĞƌĞ ĨŽƌ ŐƵŝĚĂŶĐĞ͘

DĞƐƐĂŐĞ͗ &ƌŽŵ ƚŚĞ ƉĂƌĂŐƌĂƉŚƐ ŵĞŶƚŝŽŶĞĚ ƚŚĞƌĞ ĂƌĞ ƚǁŽ ŵĞƐƐĂŐĞƐ ŐŝǀĞŶ ƚŽ ƚŚĞ ĨŽůůŽǁĞƌƐ͖ x WĂǇ ĂƐŽŶĚ ŝŶ Ăůů ĂŶĚ ĂŶǇ ĐŝƌĐƵŵƐƚĂŶĐĞƐ͕ ǁŝƚŚŽƵƚ ǁŚŝĐŚ ǇŽƵ ǁŝůů ŶŽƚ ĂƚƚĂŝŶ ƐĂůǀĂƚŝŽŶ ;ŵŽŬƐŚĂͿ x &ŽůůŽǁ ƚŚĞ &ĂƌŵĂŶƐ ŽĨ /ŵĂŵ ĂŶĚ ĚŽ ŶŽƚ ĚŽƵďƚ ƚŚĞŵ Žƌ ƋƵĞƐƚŝŽŶ ƚŚĞŵ͘ x Ž ŶŽƚ ƐĞĞŬ ŝŶĨŽƌŵĂƚŝŽŶ ĂďŽƵƚ ^ĂƚƉĂŶƚŚ ĨƌŽŵ ĂŶǇǁŚĞƌĞ ĞůƐĞ͘ фффф dŚŝƐ ƉĂƌƚ ŽĨ ƉĂŐĞ ŝƐ ůĞĨƚ ŝŶƚĞŶƚŝŽŶĂůůǇ ďůĂŶŬ хххх

ǁǁǁ͘ƌĞĂůƉĂƚŝĚĂƌ͘ĐŽŵ ŚƚƚƉ͗ͬͬŝƐƐƵƵ͘ĐŽŵͬƉĂƚŝĚĂƌ

ŵĂŝůΛƌĞĂůƉĂƚŝĚĂƌ͘ĐŽŵ

WĂŐĞ ϭϬ ŽĨ ϭϮ

3DJH RI ZZZ UHDOSDWLGDU FRP PDLO#UHDOSDWLGDU FRP

0RPLQ &KHWDPDQL 6HULHV ŶĂůǇƐŝƐ ŽĨ DŽŵŝŶ ŚĞƚĂŵĂŶŝ

^ĞƌŝĞƐ ϭϲ

LLGDU FRP GDU FRP PDLO#UHDOSD PDLO#UHDOSDWLGDU FRP D

^ĞĐƚŝŽŶ ϵ ͲWŝƌ ,ĂƐĂŶ <ĂďŝƌĚŝŶ ;<ĂďƌƵĚĚŝŶͿ ;ϰϯϴ ƚŽ ϲϯϬͿ͗

,Ğ ŝƐ ƐŽŶ ŽĨ Wŝƌ ^ĂĚƌƵĚĚŝŶ ĂŶĚ ĨĂƚŚĞƌ ŽĨ Wŝƌ /ŵĂŵ ^ŚĂŚ͘ DĞƐƐĂŐĞ ϭ͗ ŝƚĂƚŝŽŶ͗ ϰϯϵ͘ ϰϰϳ͘ ϰϱϬ͘ ϰϱϭ͘ ϰϲϲ͘ ϰϳϬ͘ ϰϳϲ͘

,Ğ ŚƵŵďůĞĚ ŚŝŵƐĞůĨ ůŝŬĞ Ă ǁŝĨĞ ĂŶĚ ƌĞĐŽŐŶŝǌĞĚ ŚŝƐ >ŽƌĚ͘ ,Ğ ŶĞǀĞƌ ŚĂĚ ĂŶǇ ŽƚŚĞƌ ƚŚŽƵŐŚƚ ŝŶ ŚŝƐ ŵŝŶĚ ĂŶĚ ŵĞĚŝƚĂƚĞĚ ŽŶ ,ŝƐ EĂŵĞ ƚŽ ĂĐŚŝĞǀĞ ,ŝŵ͘ /Ŷ ƚŚĞ ƉƌĞƐĞŶƚ ĞƌĂ ƚŚĂƚ 'ƵƌƵ ŚĂƐ ĐŽŵĞ ĂƐ EĂďŝ DƵŚĂŵŵĞĚ ; ƌĂŚŵĂͿ ĂŶĚ ĚŽ ƌĞĐŽŐŶŝǌĞ Śŝŵ ĂƐ ƚŚĞ dƌƵĞ 'ƵƌƵ͘ Wŝƌ ,ĂƐĂŶ <ĂďŝƌĚŝŶ ĂŶĚ Wŝƌ ^ĂĚĂƌĚŝŶ ĂƌĞ ĨƌŽŵ ŚŝƐ ůŝŶĞĂŐĞ͘ ĐĐĞƉƚ ůŝ ĂƐ ůůĂŚ ĨŽƌ Wŝƌ ŚĂƐ ƐĞƌǀĞĚ ,ŝŵ ŝŶ ŵĂŶǇ ĞƌĂƐ͘ /Ŷ ƚŚĞ ƉƌĞƐĞŶƚ ŚĞ ƐĞƌǀĞƐ ^Śƌŝ /ƐůĂŵ ^ŚĂŚ ĂŶĚ ƌĞƐŝĚĞƐ ŝŶ <ĞŚĞŬ͘ dŚĞ /ŵĂŵ ĐĂůůĞĚ ^ĂƚŐƵƌ ǁŝƚŚ ůŽǀĞ ĂŶĚ ůŽŽŬĞĚ ĂĨƚĞƌ Śŝŵ͘ dŚĞ ^ĂƚŐƵƌƵ ǁŚŽ ŝƐ ƌĂŚŵĂΖƐ ǀƚĂƌ͕ ŝƐ Wŝƌ ,ĂƐĂŶ <ĂďŝƌĚŝŶ ǁŚŽ ƌĞƐŝĚĞĚ ŝŶ hĐŚ͘ / ŚĂǀĞ ĂĐĐĞƉƚĞĚ ǇŽƵ ĂƐ ŵǇ >ŽƌĚ ĨŽƌĞǀĞƌ͕ ǇĞƚ / Ăŵ ǀĞƌǇ ƐŝŶĨƵů͕ ƐŽ / ŚĂǀĞ ĐŽŵĞ ƚŽ ǇŽƵƌ ĨĞĞƚ ĂŶĚ ŽŶůǇ ǇŽƵ ĐĂŶ ĨŽƌŐŝǀĞ ŵǇ ƐŝŶƐ Wŝƌ ƌĞƉůŝĞĚ͗ zŽƵ ĂƌĞ ŵǇ >ŽƌĚ ĂŶĚ / Ăŵ ǇŽƵƌ ƐůĂǀĞ͘ / Ăŵ ĨƵůů ŽĨ ƐŝŶƐ ĂŶĚ ǇŽƵ ĂƌĞ ƚŚĞ KŶĞ ǁŚŽ ĐĂŶ ĨŽƌŐŝǀĞ ƚŚĞŵ͘ K >ŽƌĚ͕ zŽƵ ĂĐĐĞƉƚĞĚ ŵĞ Ăƚ zŽƵƌ ĨĞĞƚ ĂŶĚ ŚĂǀĞ ĐŽƵŶƚĞĚ ŵĞ ĂŵŽŶŐƐƚ zŽƵƌ ƐůĂǀĞƐ͘

DĞƐƐĂŐĞ͗ /ƚ ŝƐ ƚƌŝĞĚ ƚŽ ďƌĂŝŶ ǁĂƐŚ ƚŚĞ ƉĞŽƉůĞ ƚŚĂƚ Ăůů ŽĨ ƚŚĞŵ ĂƌĞ ĨƵůů ŽĨ ƐŝŶƐ ĂŶĚ ŚĞŶĐĞ ƐŚŽƵůĚ ƐĞƌǀĞ ƚŚĞ /ŵĂŵ ůŝŬĞ Ă ǁŝĨĞ ƐĞƌǀĞƐ ŚĞƌ ,ƵƐďĂŶĚ͘

DĞƐƐĂŐĞ Ϯ͗ ŝƚĂƚŝŽŶ͗ ϱϮϬ͘ ϱϮϮ͘

ϱϮϯ͘ ϱϮϰ͘ ϱϳϭ

ϱϳϴ͘ ϱϴϯ͘ ϱϴϰ͘ ϱϵϬ͘ ϲϬϰ͘ ϲϮϬ͘

dŚŽƐĞ ǁŚŽ ǁŝůů ƐĂĐƌŝĨŝĐĞ ŝŶ ^ĂƚƉĂŶƚŚ͕ ǁŝůů ĨŝŶĚ ƚŚĂƚ ĨŽƌ ĞĂĐŚ ƐĂĐƌŝĨŝĐĞ ƚŚĞǇ ǁŝůů ďĞ ƌĞǁĂƌĚĞĚ ϭ ϭͬϰ ŵŝůůŝŽŶ ƚŝŵĞƐ͘ tŚĞŶ ƚŚĞƐĞ ƐŽƵůƐ ƌĞĂĐŚ ,ĞĂǀĞŶ ; ŵƌĂƉƵƌŝͿ ƚŚĞǇ ǁŝůů ĨŝŶĚ ƚŚĂƚ ƚŚĞŝƌ ŚŽƵƐĞƐ ǁŝůů ďĞ ŵĂĚĞ ŽĨ ŐŽůĚĞŶ ďƌŝĐŬƐ ƐƚƵĚĚĞĚ ǁŝƚŚ ĚŝĂŵŽŶĚƐ ĂŶĚ ƚŚĞ ďĞĂŵƐ ǁŝůů ďĞ ŵĂĚĞ ŽĨ ƐǁĞĞƚͲƐŵĞůůŝŶŐ ǁŽŽĚ ĂŶĚ ƚŚĞ ŵƵĚ ǁŝůů ďĞ ĐŽŵƉŽƐĞĚ ŽĨ <ĂƐƚƵƌŝ ;ƉƌĞĐŝŽƵƐ ƉĞƌĨƵŵĞͿ͘ &ŝĨƚǇ ĂŶŐĞůƐ ǁŝůů ƋƵĞŶĐŚ ƚŚĞƐĞ ƉĞŽƉůĞΖƐ ƚŚŝƌƐƚ ĂŶĚ ŽŶĞ ŽĨ ƚŚĞŵ ǁŝůů ŵĂƌƌǇ ŚŝŵͬŚĞƌ ĂŶĚ ƚŚĞǇΖůů ďĞŐĞƚ ϱϬϬ ƐŽŶƐ͕ Ăůů ŽĨ ǁŚŽŵ ǁŝůů ďĞ ƚƌƵĞ &ĂƌŵĂŶͲ ĂƌĚĂƌŝ DŽŵŝŶƐ͘ ϱϬϬ ƐůĂǀĞƐ ǁŝůů ƐĞƌǀĞ ƚŚĂƚ DŽŵŝŶ ĂŶĚ ǁŝůů ďĞ Ăƚ ŚŝƐ ĐŽŵŵĂŶĚ ĂŶĚ ŝŶĚĞĞĚ ƚŚĂƚ ƐŽƵů ǁŝůů ďĞ ƐŽĂƌŝŶŐ ŚŝŐŚ͘ /ŶĨŝŶŝƚĞ ƐŽƵůƐ ŚĂǀĞ ďĞĞŶ ďůĞƐƐĞĚ ďĞĐĂƵƐĞ ŽĨ ǇŽƵ͕ ŽĨ ǁŚŝĐŚ ϰϴ <ĂƌŽƌ ǁŝůů ĐŽŵĞ ƚŽ DǇ ĚŽŽƌ͕ ůĞĚ ďǇ ǇŽƵ͖ /ŶĚĞĞĚ ǇŽƵ ĂƌĞ Ă ŐŽŽĚ ŵĂŶ͘ tŚĞŶ ƚŚĞ ;ĨŝŶĂůͿ 'ƌĞĂƚ ĂǇ ĂƌƌŝǀĞƐ͕ Wŝƌ ĂŶĚ WƌŽƉŚĞƚ ǁŝůů ďĞ ƚŚĞ ůĞĂĚĞƌƐ ĂŶĚ / ǁŝůů ďĞ ƚŚĞƌĞ ŝŶ ƌĂďŝĐ ;ŚƵŵĂŶͿ ǀƚĂƌ ĂŶĚ ũƵĚŐĞŵĞŶƚ ǁŝůů ;͘͘͘͘͘ ĐŚĞĐŬͿ͘ ^Ž ƐĞƌǀĞ ƚŚĂƚ >ŽƌĚ ǁŝƚŚŽƵƚ Ă ĚŽƵďƚ ĨŽƌ ƚŚĞ KŶĞ / ŚĂǀĞ ƐĞĞŶ ŚĂƐ ƌĞĂůůǇ ĐƌĞĂƚĞĚ ƚŚĞ ǁŚŽůĞ ƵŶŝǀĞƌƐĞ͘ dĞůů ƚŚĞŵ ĂďŽƵƚ ƚŚĞ ŝŶĨŝŶŝƚĞ ƐŽƵůƐ ĨŽƌ ǁŚŝĐŚ ǇŽƵ ĂƌĞ ƌĞƐƉŽŶƐŝďůĞ͕ ĂŶĚ ƚŚĞ ϰϴ <ĂƌŽƌ ǁŚŽ ĂƌĞ ĐůŽƐĞ ƚŽ ůŝ͘ ^Ž ƚŚŽƐĞ ƉĞŽƉůĞ ǁŚŽ ǁŝůů ĨŽůůŽǁ ƚŚĞ ƌŝŐŚƚ ƉĂƚŚ ǁŝůů ďĞ ƐĂǀĞĚ ďǇ ůŝ͘ DŽŵŝŶƐ͕ ĨŽůůŽǁ ƚŚĞ ^ĂƚƉĂŶƚŚ ĨŽƌ ǇŽƵƌ ƐĂůǀĂƚŝŽŶ ĨŽƌ ƚŚĞ ƚĞŶ ǀƚĂƌƐ ĂƌĞ ŽǀĞƌ ĂŶĚ ƚŚĞƌĞ ǁŽŶΖƚ ďĞ ĂŶ ĞůĞǀĞŶƚŚ͘ DǇ >ŽƌĚ ƌĞƐŝĚĞƐ ;ƐĞĐƌĞƚůǇͿ ŝŶ ƚŚĞ tĞƐƚ ĐŽŶƚŝŶĞŶƚ Ͳ /ƌĂƋ Ͳ ,Ğ ŝƐ ƚŚĞ >ŝǀŝŶŐ /ŵĂŵ ĂŶĚ ůŝ ,ŝŵƐĞůĨ͘ dŚŽƐĞ ǁŚŽ ǁŝůů ĞĂƌŶ ĂŶ ŚŽŶĞƐƚ ůŝǀŝŶŐ ĂŶĚ ǁŝůů ƉĂǇ ĂƐŽŶĚ ǁŝůů ďĞ ĂŵŽŶŐƐƚ ƚŚĞ ƐŽƵůƐ ;ƐĂǀĞĚ ďǇ Wŝƌ ,ĂƐĂŶ <ĂďŝƌĚŝŶͿ͘ Ž ŶŽƚ ůŽŽŬ Ăƚ ǁŚĂƚ ůŝ ĚŽĞƐ͕ ďƵƚ ŽďĞǇ ǁŚĂƚ ,Ğ ƐĂǇƐ͕ ĨŽƌ ĂƐ ƚŚĞ ƚŝŵĞƐ ǁŝůů ĐŚĂŶŐĞ͕ ůŝΖƐ ĂĐƚŝŽŶƐ ŵĂǇ ďĞ ďĞǇŽŶĚ ǇŽƵƌ ĐŽŵƉƌĞŚĞŶƐŝŽŶ͘

ǁǁǁ͘ƌĞĂůƉĂƚŝĚĂƌ͘ĐŽŵ ŚƚƚƉ͗ͬͬŝƐƐƵƵ͘ĐŽŵͬƉĂƚŝĚĂƌ

ŵĂŝůΛƌĞĂůƉĂƚŝĚĂƌ͘ĐŽŵ

WĂŐĞ ϭϭ ŽĨ ϭϮ

3DJH RI ZZZ UHDOSDWLGDU FRP PDLO#UHDOSDWLGDU FRP

0RPLQ &KHWDPDQL 6HULHV ŶĂůǇƐŝƐ ŽĨ DŽŵŝŶ ŚĞƚĂŵĂŶŝ

^ĞƌŝĞƐ ϭϲ

DĞƐƐĂŐĞ͗ DĞ ŵĞŶƚŝŽŶ ŶĞĚ ĂďŽǀĞ͘ DĞƐƐĂŐĞ͗ /Ĩ ƉĞŽƉůĞ ƉĂǇ ĚĂƐŽŶĚ ŚŽŶĞƐƚůǇ͕ ƚŚĞǇ ǁŝůů ďĞ ƌĞǁĂƌĚĞĚ ŝŶ ƚŚĞ ǁĂǇ ŵĞŶƚŝŽŶĞĚ ĂďŽǀĞ͘ dŚ ƚŚ ƚ Ě Ĩ Ěŝ Ĩ ƚŚ ĚŝĚ ƚ Ě Ě / ƚŚŝ ů dŚĞǇ ǁĞƌĞ ƚŚƌĞĂƚĞŶĞĚ ŽĨ ĚŝƌĞ ĐŽŶƐĞƋƵĞŶĐĞƐ ŽĨ ƚŚĞǇ ĚŝĚ ŶŽƚ ƉĂǇ ĚĂƐŽŶĚ͘ /Ŷ ƚŚŝƐ ǁĂǇ ƉĞŽƉůĞ ǁĞƌĞ ůƵƌĞĚ ĂŶĚ ƚŚƌĞĂƚĞŶĞĚ ƚŽ ƉĂǇ ĚĂƐŽŶĚ ĂŶĚ ĨŽůůŽǁ ^ĂƚƉĂŶƚŚ͘

ZZZ UHDOSDWLGDU FRP PDLO#UHDOSDWLGDU FRP

&ŝŶĂů ^ƵŵŵĂƌǇ /Ŷ ŽƌĚĞƌ ƚŽ ĂƚƚƌĂĐƚ ŵŽƌĞ ĂŶĚ ŵŽƌĞ ƉĞŽƉůĞ ƚŽǁĂƌĚƐ ^ĂƚƉĂŶƚŚ ĂŶĚ ƚŚƵƐ ĞĂƌŶ ƚŚĞ ŝŶĐŽŵĞ ŽĨ ĂƐŽŶĚ͕ ĨŽůůŽǁŝŶŐ ƐƚƌĂƚĞŐǇ ǁĂƐ ĂĚŽƉƚĞĚ͖ ϭͿ >ŝŶŬ ^ĂƚƉĂŶƚŚ ĂƐ ƚŚĞ ŶĞǆƚ ƌĞůŝŐŝŽŶ ŽĨ ƚŚĞ ,ŝŶĚƵƐ ŝŶ <ĂůŝǇƵŐ ϮͿ >ŝŶŬ ^ĂƚƉĂŶƚŚ ĂƐ ƐĞĐƚ ŽĨ /ƐůĂŵ ϯͿ &ĂůƐĞůǇ ĐůĂŝŵ ůŝ ĂƐ ϭϬƚŚ ĂǀĂƚĂƌ ŽĨ sŝƐŚŶƵ ϰͿ ƌĞĂƚĞ ĨĞĂƌ ĂŵŽŶŐƐƚ ƚŚĞ ĨŽůůŽǁĞƌƐ ϱͿ 'ŝǀĞ ŝŵĂŐŝŶĂƌǇ ĞǆĂŵƉůĞƐ ŽĨ ǁŚĂƚ ŵŝŐŚƚ ŚĂƉƉĞŶ ƚŽ ƉĞŽƉůĞ ǁŚŽ ĚŽ ŶŽƚ ĨŽůůŽǁ ƐĂƚƉĂŶƚŚ ĂŶĚ ƚŚĞ ĨĂƌŵĂŶƐ ŽĨ /ŵĂŵ ĂŶĚ Wŝƌ͘ dŚƵƐ ĐƌĞĂƚŝŶŐ Ă ĨĞĂƌ ŝŶ ƚŚĞ ŵŝŶĚƐ ĂŶĚ ŚĞĂƌƚƐ ŽĨ ƚŚĞ ĨŽůůŽǁĞƌƐ͘ dŚĞ ŵĂŝŶ ĨĂƌŵĂŶƐ ŝƐ ƚŽ ƉĂǇ ĚĂƐŽŶĚ͘ ϲͿ >ƵƌĞ ƚŚĞŵ ǁŝƚŚ ŵƌĂƉƵƌŝ ; ƚĞƌŶĂů ,ĞĂǀĞŶͿ ĂƐ ƌĞǁĂƌĚ ĨŽƌ ƉĂǇŝŶŐ ĂƐŽŶĚ ϳͿ ^ĂůǀĂƚŝŽŶ ;ŵŽŬƐŚĂͿ ĐĂŶ ďĞ ĂƚƚĂŝŶĞĚ ŽŶůǇ ďǇ ƉĂǇŝŶŐ ĂƐŽŶĚ ϴͿ /ŵĂŵ ĂŶĚ Wŝƌ ĂŶĚ ƚŚĞŝƌ ĚĞƐĐĞŶĚĞŶƚƐ ;>ŝŶĞĂŐĞͿ ĂƌĞ ƐƵƉƌĞŵĞ͕ ŚĞŶĐĞ ďůŝŶĚůǇ ĨŽůůŽǁ ƚŚĞŝƌ ĨĂƌŵĂŶƐ

ĂƚĞ͗ ϬϲͲ:ƵůͲϮϬϭϬ WůĂĐĞ͗ /ŶĚŝĂ

ǁǁǁ͘ƌĞĂůƉĂƚŝĚĂƌ͘ĐŽŵ ŚƚƚƉ͗ͬͬŝƐƐƵƵ͘ĐŽŵͬƉĂƚŝĚĂƌ

ŵĂŝůΛƌĞĂůƉĂƚŝĚĂƌ͘ĐŽŵ

WĂŐĞ ϭϮ ŽĨ ϭϮ

3DJH RI ZZZ UHDOSDWLGDU FRP PDLO#UHDOSDWLGDU FRP

0RPLQ &KHWDPDQL 6HULHV

020,1 &+(7$0$1, E\ 6<(' ,0$0 6+$+

3DJH RI

ZZZ Z UHDOSDWLGDU FRP PDLO#UHDOSDWLGDU F FRP

020,1 &+(7$0$1, E\ 6<(' ,0$0 6+$+

(ML $DG 1LULQMDQ DYWDU\D 7HQR WKDQDN FKH DHUDN NKDQG PDKDLQ 6DWJXUX D\ VRKL GHNKDUL\D 7H FKH YD\SDN QDY NKDQG PDKDLQ &KHWR ULNKLVDUR JXUX NDKH VDFKH 6DWJXUH DHP NDKD\D

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

KWWS ZZZ LVPDLOL QHW JUDQWKV FKHWZDQE KWPO

3DJH RI ZZZ UHDOSDWLGDU FRP PDLO#UHDOSDWLGDU FRP

0RPLQ &KHWDPDQL 6HULHV

020,1 &+(7$0$1, E\ 6<(' ,0$0 6+$+

3DJH RI

ZZZ Z UHDOSDWLGDU FRP PDLO#UHDOSDWLGDU F FRP KDV VWXGLHG WKRVH KDV VW VFULSWXUHV 7KDW NQRZOHGJH ZDV VHQW E\ $OODK DQG LW LV SUHVHQWO\ LQ WKH 4XUDQ (ML )DUDG )XUTDQH WKL XSDQ\D 7HWR SDUYDUL\D SLURWKDPL PDKDLQ 6KDUL\DW WDULTDW KDTLTDW WHQL 0DOXP FKH PDULIDW PDKDLQ &KHWR

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

KWWS ZZZ LVPDLOL QHW JUDQWKV FKHWZDQE KWPO

3DJH RI ZZZ UHDOSDWLGDU FRP PDLO#UHDOSDWLGDU FRP

0RPLQ &KHWDPDQL 6HULHV

020,1 &+(7$0$1, E\ 6<(' ,0$0 6+$+

3DJH RI

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

KWWS ZZZ LVPDLOL QHW JUDQWKV FKHWZDQE KWPO

3DJH RI ZZZ UHDOSDWLGDU FRP PDLO#UHDOSDWLGDU FRP

0RPLQ &KHWDPDQL 6HULHV

020,1 &+(7$0$1, E\ 6<(' ,0$0 6+$+

3DJH RI

ZZZ Z UHDOSDWLGDU FRP PDLO#UHDOSDWLGDU F FRP 7HQD SDWDN VDUYH MD\

$YWDUH DYWDU RUNKH 7HQH SDKHOH PRNVK PXNWDM WKD\

&KHWR

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

KWWS ZZZ LVPDLOL QHW JUDQWKV FKHWZDQE KWPO

3DJH RI ZZZ UHDOSDWLGDU FRP PDLO#UHDOSDWLGDU FRP

0RPLQ &KHWDPDQL 6HULHV

020,1 &+(7$0$1, E\ 6<(' ,0$0 6+$+

3DJH RI

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

KWWS ZZZ LVPDLOL QHW JUDQWKV FKHWZDQE KWPO

3DJH RI ZZZ UHDOSDWLGDU FRP PDLO#UHDOSDWLGDU FRP

0RPLQ &KHWDPDQL 6HULHV

020,1 &+(7$0$1, E\ 6<(' ,0$0 6+$+

3DJH RI

ZZZ Z UHDOSDWLGDU FRP PDLO#UHDOSDWLGDU F FRP (ML .RLH NHQH JKDUH QDKL DDYVKH

0DQH DDYVKH WH URVK DDSDU $KD Q NDUL D Q MDVK DDQVKH JKDQR 7HOKL MDVKH WH QDUDN GZDU

&KHWR

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

7KH ULJKW *XUX V )DUPDQ ZLOO QRW EH KHHGHG DQG HYHU\RQH ZLOO GR DV

KWWS ZZZ LVPDLOL QHW JUDQWKV FKHWZDQE KWPO

3DJH RI ZZZ UHDOSDWLGDU FRP PDLO#UHDOSDWLGDU FRP

0RPLQ &KHWDPDQL 6HULHV

020,1 &+(7$0$1, E\ 6<(' ,0$0 6+$+

3DJH RI

Z UHDOSDWLGDU FRP PDLO#UHDOSDWLGDU F FRP WKH\ SOHDVH WKH\ S LQFOXGLQJ QRW JLYLQJ WKHLU 'DVRQG DQG GLVFDUGLQJ WKHLU UHOLJLRXV WUDGLWLRQV (ML $GKDUPH DQ QDKL RSMDVH 9LQDVVKH NDQ NDQQD EDQGDU 0DJ\D WH PHQKH QDKL DDYVKH $ODS NDQ XSDMVKH WHQL YDU &KHWR

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

&KHWR

0RPLQV WKH ZKROH FUHDWLRQ ZDV WKXV FUHDWHG DQG , GR QRW UHSHDW WKDW \HW WKH XQWKLQNLQJ SHUVRQ LV VR LQYROYHG LQ KLV ZRUOGO\ DIIDLUV WKDW KH FDQQRW VXUIDFH IURP WKLV DIIDLU WR UHDOL]H DOO WKLV (ML $OL MLQL VHYDDH WKL FKXNVKH 7HQR EKHWK SDU\RUH DYWDU &KHWDQKDUD WDPH FKHWMR 0DQ NKR QDKL DDYH ELMX YDDU &KHWR

7KRVH ZKR ZLOO QRW VHUYH $OL YHULO\ WKH\ KDYH ORVW WKLV $YWDU WKH

KWWS ZZZ LVPDLOL QHW JUDQWKV FKHWZDQE KWPO

3DJH RI ZZZ UHDOSDWLGDU FRP PDLO#UHDOSDWLGDU FRP

0RPLQ &KHWDPDQL 6HULHV

020,1 &+(7$0$1, E\ 6<(' ,0$0 6+$+

3DJH RI

Z UHDOSDWLGDU FRP PDLO#UHDOSDWLGDU F FRP SXUSRVH WKH\ ZHUH VHQW IRU VR EHZDUH 2 SXUSRV 0RPLQV IRU \RX ZLOO QRW FRPH EDFN DV D KXPDQ EHLQJ (ML 0DKD SDGDU WKL VDULNKR DD PDQNKR 7HQR VDWJXUX ML DH GKDUP GLGKR VDQEDU 7H PDKDLQ VDFKD PXQLYDU DDSDQD 7HQH VDPL UDMR OHVKH RJDU &KHWR

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

KWWS ZZZ LVPDLOL QHW JUDQWKV FKHWZDQE KWPO

3DJH RI ZZZ UHDOSDWLGDU FRP PDLO#UHDOSDWLGDU FRP

0RPLQ &KHWDPDQL 6HULHV

020,1 &+(7$0$1, E\ 6<(' ,0$0 6+$+

3DJH RI

ZZZ Z UHDOSDWLGDU FRP PDLO#UHDOSDWLGDU F FRP 7KH &UHDWRU LV 2QH WKH SDWKV DUH PDQ\ (YHU\ERG\ LV DW KLV KHU RZQ OHYHO VR GR UHPDLQ VWHDGIDVW LQ \RXU UHOLJLRQ (ML $GKRUR RFKR N\D Q QDKL Q 6DUY VDWKD QH FKH DHN VDUMDQ KDDU 7H VHYDQH NDUDQH VDUML\D *XUX EUDKPD ML QDEL 0RKG QR DYWDU &KHWR

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

+D]UDW $OL V PRWKHU ZDV VXUSULVHG DW WKLV LQFLGHQW RI +D]UDW $OL EHLQJ

KWWS ZZZ LVPDLOL QHW JUDQWKV FKHWZDQE KWPO

3DJH RI ZZZ UHDOSDWLGDU FRP PDLO#UHDOSDWLGDU FRP

0RPLQ &KHWDPDQL 6HULHV

020,1 &+(7$0$1, E\ 6<(' ,0$0 6+$+

3DJH RI

ZZZ Z UHDOSDWLGDU FRP PDLO#UHDOSDWLGDU F FRP ERUQ Z ERUQ Z KLOH

VKH ZDV SUD\LQJ IRU VKH ZDV DZD\ IURP KRPH ZKHQ +H ZDV ERUQ

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

KWWS ZZZ LVPDLOL QHW JUDQWKV FKHWZDQE KWPO

3DJH RI ZZZ UHDOSDWLGDU FRP PDLO#UHDOSDWLGDU FRP

0RPLQ &KHWDPDQL 6HULHV

020,1 &+(7$0$1, E\ 6<(' ,0$0 6+$+

3DJH RI

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

KWWS ZZZ LVPDLOL QHW JUDQWKV FKHWZDQE KWPO

3DJH RI ZZZ UHDOSDWLGDU FRP PDLO#UHDOSDWLGDU FRP

0RPLQ &KHWDPDQL 6HULHV

020,1 &+(7$0$1, E\ 6<(' ,0$0 6+$+

3DJH RI

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

KWWS ZZZ LVPDLOL QHW JUDQWKV FKHWZDQE KWPO

3DJH RI ZZZ UHDOSDWLGDU FRP PDLO#UHDOSDWLGDU FRP

0RPLQ &KHWDPDQL 6HULHV

020,1 &+(7$0$1, E\ 6<(' ,0$0 6+$+

3DJH RI

Z UHDOSDWLGDU FRP PDLO#UHDOSDWLGDU F FRP 7H XSDUH ELEL )DWLPD GKDUVKH SL\DU 7HQL GXD DH WLWR YLMVKH 7HQD WKDVKH EDKR SDULYDU

&KHWR

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

KWWS ZZZ LVPDLOL QHW JUDQWKV FKHWZDQE KWPO

3DJH RI ZZZ UHDOSDWLGDU FRP PDLO#UHDOSDWLGDU FRP

0RPLQ &KHWDPDQL 6HULHV

020,1 &+(7$0$1, E\ 6<(' ,0$0 6+$+

3DJH RI

Z UHDOSDWLGDU FRP PDLO#UHDOSDWLGDU F FRP +D]UDW $OL QH SDUDQ YDMR $QH GHM PDKDLQ GHMR NKDZMD FKDU &KHWR

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

KWWS ZZZ LVPDLOL QHW JUDQWKV FKHWZDQE KWPO

3DJH RI ZZZ UHDOSDWLGDU FRP PDLO#UHDOSDWLGDU FRP

0RPLQ &KHWDPDQL 6HULHV

020,1 &+(7$0$1, E\ 6<(' ,0$0 6+$+

3DJH RI

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

KWWS ZZZ LVPDLOL QHW JUDQWKV FKHWZDQE KWPO

3DJH RI ZZZ UHDOSDWLGDU FRP PDLO#UHDOSDWLGDU FRP

0RPLQ &KHWDPDQL 6HULHV

020,1 &+(7$0$1, E\ 6<(' ,0$0 6+$+

3DJH RI

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

KWWS ZZZ LVPDLOL QHW JUDQWKV FKHWZDQE KWPO

3DJH RI ZZZ UHDOSDWLGDU FRP PDLO#UHDOSDWLGDU FRP

0RPLQ &KHWDPDQL 6HULHV

020,1 &+(7$0$1, E\ 6<(' ,0$0 6+$+

3DJH RI

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

:KHQ WKH .KZDMDV VHUYDQWV KHDUG WKH DERYH SUHDFKLQJV IURP WKH 1DEL VWRRG XS VDOXWLQJ KLP DQGZHUH DPRQJVW WKRVH ZKR IROORZHG KLV WHDFKLQJV (ML 6DWJXUX 1DEL ML $OL ML QH IDUPDQH GKDUP DDOLR 7HQR YDGKLR WH ULGKL VLGKL QH SDULYDU 7HQD EDODN MDUH RSMH WDUH 3DUYDW WKL KHWKH PHOH VDDU &KHWR

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

0\ EHOLHI LV WKDW WKH VHUYDQWV OHG H[HPSODU\ OLYHV RQ ZKLFK RXU

KWWS ZZZ LVPDLOL QHW JUDQWKV FKHWZDQE KWPO

3DJH RI ZZZ UHDOSDWLGDU FRP PDLO#UHDOSDWLGDU FRP

0RPLQ &KHWDPDQL 6HULHV

020,1 &+(7$0$1, E\ 6<(' ,0$0 6+$+

3DJH RI

ZZZ Z UHDOSDWLGDU FRP PDLO#UHDOSDWLGDU F FRP 6DWSDQWK ZDV HPXODWHG DQG WKH\ VHUYHG 1DEL DQG KLV IDPLO\ 6DWSDQ (ML $OL QDELMLQL NDOD PDKDLQ WKL DSDQD ,PDP +DVVDQ +XVVHLQ SDULYDU 7HQD NXU PDKDLQ WKL RSDQD +D]UDW =DLQXODEGLQ DYWDU &KHWR

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

7KRVH 0RPLQV ZKR ZLOO REH\ WKHLU )DUPDQV ZLOO DFKLHYH 1RRUDQL 'LGDU ZKR ZLOO TXHVWLRQ WKH )DUPDQV DQG WKLQN WKHPVHOYHV FOHYHUHU ZLOO QRW DFKLHYH VDOYDWLRQ (ML $DG XQLDDGH WKL D\ VDW GKDUP FKKH &KDU NDODS Q HFKDU MXK PDKDLQ VDDU -DNK QDYDQR NDURU SDKHOD NDODS PDKDLQ 7H WR SDPL\D PRNVK PXKDW GLGDU &KHWR

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

KWWS ZZZ LVPDLOL QHW JUDQWKV FKHWZDQE KWPO

3DJH RI ZZZ UHDOSDWLGDU FRP PDLO#UHDOSDWLGDU FRP

0RPLQ &KHWDPDQL 6HULHV

020,1 &+(7$0$1, E\ 6<(' ,0$0 6+$+

3DJH RI

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

KWWS ZZZ LVPDLOL QHW JUDQWKV FKHWZDQE KWPO

3DJH RI ZZZ UHDOSDWLGDU FRP PDLO#UHDOSDWLGDU FRP

0RPLQ &KHWDPDQL 6HULHV

020,1 &+(7$0$1, E\ 6<(' ,0$0 6+$+

3DJH RI

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

KWWS ZZZ LVPDLOL QHW JUDQWKV FKHWZDQE KWPO

3DJH RI ZZZ UHDOSDWLGDU FRP PDLO#UHDOSDWLGDU FRP

0RPLQ &KHWDPDQL 6HULHV

020,1 &+(7$0$1, E\ 6<(' ,0$0 6+$+

3DJH RI

ZZZ Z UHDOSDWLGDU FRP PDLO#UHDOSDWLGDU F FRP (LJKWHHQ GLIIHUHQW DPPXQLWLRQV ZHUH XVHG \HW WKH 3DQGDZV ZLWKVWRRG LW IRU <RGKUD ZDV YHU\ VWURQJ 6R 0RPLQV OLVWHQ WR WKLV VWRU\ (ML 7HQH VDWJXUX YLGXU YD\DV MDUH PDOL\D 7DUH PHODYLR VDUYH VDQVDDU +DVQDSXUL 1DJULQD WH UDMD KDWD 7HWR VDWJXU YDFKDQH PHOL JD\D YDQ PRMDU &KHWR

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

7R DFKLHYH VDOYDWLRQ WKHVH 3DQGDZV DQG 6DWLV JDYH XS WKHLU NLQJGRP SRVVHVVLRQV DQG IROORZHG 9LGXUYLDV V )DUPDQ LPSOLFLWO\ (ML 7DUH VDWJXU YLGXUYD\DV SUDVDQ WKD\D -XMHVWKDQ XSDU UDNKLR DWL SL\DU 7DUH QDY NDURU MLY QL PD\D NDUL -H VDWJXUX QL VHYDD\ KDWD QLUGKDU &KHWR

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

KWWS ZZZ LVPDLOL QHW JUDQWKV FKHWZDQE KWPO

3DJH RI ZZZ UHDOSDWLGDU FRP PDLO#UHDOSDWLGDU FRP

0RPLQ &KHWDPDQL 6HULHV

020,1 &+(7$0$1, E\ 6<(' ,0$0 6+$+

3DJH RI

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

7KH 1RRU KDV FRQWLQXHG DQG 3LU 6DODGLQ FKHFN ZDV DPRQJVW WKHP DQG KH LQWURGXFHG XV WR 3LU 6KDK DQG WR +D]DU ,PDP (ML 7H 3LU 6DODKGLQ SDU ERGKL\D 'DQ OHWD WH NKDWH DDQL VDDU 6DWJXUX QH ED\HNH MH VXGKD FKDOL\D 7HQH WKL YDGKLR GKDUP DDFKDU &KHWR

3LU 6DODGLQ KDV WROG XV WKDW WKRVH ZKR JLYH DOPV JHQHURXVO\ DFKLHYH WKH 7UXWK DQG WKRVH ZKR IROORZ 6DWJXU V )DUPDQ NQRZ WKH UHDO UHOLJLRQ (ML 3LU 6DODKGLQ QD 6KDPVXGLQ XSQD 7H WR FKDOL\D 7DEUHM PXODN PLQMDU 7H MH 3LU 6KDPVXGLQH GKDUP FKDODYL\D 7H ULNKLVDU SDVHWKL OLGKR DDKDU &KHWR

KWWS ZZZ LVPDLOL QHW JUDQWKV FKHWZDQE KWPO

3DJH RI ZZZ UHDOSDWLGDU FRP PDLO#UHDOSDWLGDU FRP

0RPLQ &KHWDPDQL 6HULHV

020,1 &+(7$0$1, E\ 6<(' ,0$0 6+$+

3DJH RI

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

7KH *XUX KDV GLYLGHG \RXU GD\ IRU \RX DQG GR QRW GRXEW WKDW 0RPLQV -XVW DV \RX FRQGXFW D EXVLQHVV GXULQJ WKH GD\ WR JDLQ ZHDOWK \RX VKRXOG FRQGXFW VSLULWXDO EXVLQHVV SUD\HUV LQ WKH QLJKW (ML -\DQ MDZR W\DQ NDUMR DHWORRQ 7R SRKRQFKH VDWIXU PXNKH DDKDU $H PDKDLQ RFKRRQ NDUVKH MHWORRQ 7HQR WDP SDU UDKHVKH EDDU &KHWR

:KHUHYHU \RX PD\ EH \RX VKRXOG GR WKLV DQG WU\ QRW WR PLVV WKLV REOLJDWLRQ IRU LI \RX GR WKHQ \RX ZLOO QRW KDYH FRPSOHWHG \RXU PLVVLRQ

KWWS ZZZ LVPDLOL QHW JUDQWKV FKHWZDQE KWPO

3DJH RI ZZZ UHDOSDWLGDU FRP PDLO#UHDOSDWLGDU FRP

0RPLQ &KHWDPDQL 6HULHV

020,1 &+(7$0$1, E\ 6<(' ,0$0 6+$+

3DJH RI

Z UHDOSDWLGDU FRP PDLO#UHDOSDWLGDU F FRP (ML $HWOL IDUDM VDWJXUH NDKL

1LQGD MXWK PD NDUMR ODJDDU 9DG YLUDGK NRLH VDWKH PD NDUMR 1DPWD NKDPWD QR UDNKMR YHYDU

&KHWR

6DWJXU KDV LQVWUXFWHG XV RQ WKH IROORZLQJ DV ZHOO QRW WR EDFNELWH QRW WR OLH QRW EH VWXEERUQ RU TXDUUHOVRPH EXW DOZD\V EH KXPEOH DQG EHDU WKH EXUGHQV ZLWK D VPLOH (ML 6DWJXU QRRQ IDUPDQ PDQL NDUL 'KDUP OLGKR WH VDUYH VDQVDDU 7\DQ VDULVDW NDURU GKDUPL SXUD WKD\D 7HQR NDPOD NXQZDU QH NLGKR VDUGDU &KHWR

7KRVH ZKR REH\HG 6DWJXU V )DUPDQV DQG IROORZHG 6DWSDQWK DPRQJVW WKHVH ZHUH .DURU 0RPLQV DV ZHOO DV 3ULQFH .DPOD ZKR ZDV WKHLU OHDGHU (ML 6DWJXU 6KDPV W\DQ WKL FKDOL\D 7H WR DDYL\D RQFKD PXODN PLQMDU 7\DQ VDWJXU QH NHQH QDKL RUNKL\D 7\DQ %DYGLQ QH PDQH VDUYH VDQVDDU &KHWR

3LU 6KDPV OHIW 0DKDFKLQ DQG ZHQW WR 8FK 0XODN ZKHUH WKH SHRSOH GLG QRW UHFRJQL]H 3LU 6KDPV DQG WKH UXOHU %DKDXGGLQ =DNDUL\D (ML /RN PXULG VDUYH %DYGLQ WDQD $QD VDWJXU QH WR RWDUD QRRQ QDKL W\DQ WKDU 7\DQ ILUWD ILUWD JD\D DHN PHWPDLQ PDVMLG PD 7\DQ MDL QDPD] NLGKL WHQL YDDU &KHWR

3HRSOH EHOLHYHG LQ %DKDXGGLQ DQG ZHUH QRW UHFHSWLYH WR 3LU 6KDPV 3LU DIWHU ZDONLQJ DURXQG FDPH WR D 0DVMLG DQG VWDUWHG WR UHFLWH 1DPD] (ML 7\DQ DHN EDODN DDYL\R 7HQH WH VDWJXU VRRQ UDNKL\R SL\DU 5DWQH GLYDV VDWJXU VDWKH UDKH 7H WR SDGVKDK QR SXWUDM VDDU &KHWR

7KHUH FDPH D \RXQJ FKLOG ZKR JUHZ DWWDFKHG WR 3LU DQG EHFDPH 3LU V FRPSDQLRQ 7KLV \RXQJ PDQ ZDV QRQH RWKHU WKDQ WKH .LQJ V VRQ (ML $HN GLQ VDWJXU ML QLVULDD $QH VDKHO NDUYDQH VDWJXU EDKDU 7H UDPWD UDPWD DDYL\D -\DQ KDWR WH GDUL\DQR NLQDU &KHWR

2QH GD\ WKH *XUX 3LU 6KDPV ZDV ZDONLQJ DFURVV WKH WRZQ DQG WR WKH EDQNV RI DQ RFHDQ (ML 7\DQ VDWJXU QH PDQH DHP RSQRRQ 'LWKRRQ GDUL\DQRRQ QLUDM VDDU 7DUH NDJDO NDGL\R GXVWDU PDKDLQ WKL 7HQL PDWPL NLGKL FKH WHQL YDDU &KHWR

$V WKHUH ZHUH QR ERDWV KH PDGH D SDSHU ERDW DQG VDLOHG LQ LW (ML 7H PDWPL ODL SDQL PDLQ PHOL 7H PDKDLQ VDWJXU ML WH SRWH WK\D DVZDU 6HKHO NLGKL WH VKDKHU WDQL 7H PDKDLQ EHWKD WH NHWOLN YDDU &KHWR

+H VDLOHG LQ WKH SDSHU ERDW IRU D ORQJ WLPH DQG WKH ERDW WRRN KLP ULJKW DFURVV WKH FLW\ (ML 7DUH %DYGLQ EHWKR PDULDH

KWWS ZZZ LVPDLOL QHW JUDQWKV FKHWZDQE KWPO

3DJH RI ZZZ UHDOSDWLGDU FRP PDLO#UHDOSDWLGDU FRP

0RPLQ &KHWDPDQL 6HULHV

020,1 &+(7$0$1, E\ 6<(' ,0$0 6+$+

3DJH RI

Z UHDOSDWLGDU FRP PDLO#UHDOSDWLGDU F FRP 7HQH JRNK WKL MR\RRQ WHQL YDDU

0DKD VDPXGDU PDKDLQ GLWKL PDW PL $QH GLWKR WH NDJDU QR DDNDU

&KHWR

%DKDXGGLQ ZDV VLWWLQJ LQ KLV EDOFRQ\ DQG VDZ 3LU VDLOLQJ LQ D SDSHU ERDW (ML 7DUH %DYGLQ QH YLPDVDQ RSQL $D PDWPL PD NRRQ FKKH VDDU $D NDJDU EHULDH NRRQ VDKHO NDUH $HYR SXUXVK QD VXMH PDKDLQ VDQVDDU &KHWR

%DKDXGGLQ JRW ZRUULHG IRU KH FRXOG QRW EHDU WR KDYH DQRWKHU VWURQJ SHUVRQ LQ KLV NLQJGRP (ML 7DUH EHUL WH ODJL ELQM ZD 6DWJXUH QLUNKL\R WHQL YDDU 7DUH EHUL WH UDKL JDLH ELQMWD 6DWJXUH WH PDQ PDKDLQ NLGKR YLFKDU &KHWR

7KLV FDXVHG WKH ERDW WR JHW ZHW DQG 3LU ORRNHG EDFN DW %DKDXGGLQ DQG WKH ERDW VWRSSHG JHWWLQJ ZHW (ML .RRQ DGKDUPL DDQH VDPH $QH MRLH PDUL PDWPL VDDU 7D WR PXVWDN RQFKR NDUL MR\RRQ 7DWR GLWKR %DYGLQ JRNKD QL EDKDU &KHWR

3LU VDLG WR KLPVHOI :KR LV WKLV XQEHOLHYHU ZKRVH HYLO H\H KDV ZHW P\ ERDW" (ML 7HQR GKDU PDKDLQ QH PDWKRRQ EDKDU KDWRRQ 7HQH SLUH WH GLGKR VUDDS WHQLYDU 6KLQJDUD QR VUDDSDM DDSL\R 7H WR WKD\D WHQLYDDU &KHWR

%DKDXGGLQ V KHDG ZDV SURSSHG RXW IURP WKH EDOFRQ\ DQG 3LU ZLVKHG WKDW KLV KHDG ZRXOG JURZ DQWOHUV DQG LQGHHG WKDW LV ZKDW KDSSHQHG (ML 7HQRRQ PDWKRRQ WH PDKDLQ 1DKL JDUH 7H WR UDK\RRQ FKH JRNK WKL EDKDU 7DUH WH %DYGLQ GKRUML\D $D WR NRLH GLVH FKH NLUWDU &KHWR

7KXV %DKDXGGLQ FRXOG QRW SXOO KLV KHDG EDFN GXH WR WKH DQWOHUV DQG KH EHFDPH YHU\ DQ[LRXV DQG QHUYRXV (ML 6DKHO NDULQH M\DUH RWDUL\D 7DUH PDWPL PHOL VDKHU WKL EDKDU 7\DQWKL VDWJXUX FKDOL\D 7H WR DDYL\D WH QDJDU PLQMDU &KHWR

:KHQ 3LU KDG FRPSOHWHG KLV VDLOLQJ DQG FRPH EDFN WR WKH GU\ ODQG KH FDPH WR WKH WRZQ FHQWUH (ML 7DUH %DYGLQ QH YLPDVDQ RSDQL -HQRRQ PDWKRRQ UDKH\RRQ JRNKDWKL EDKDU 7HQH WH SXFKD NLGKL VKDKHU PDLQ .RLH SXUXVK DDYL\R DDSDQD VKHKHU PRQMDU &KHWR

%DKDXGGLQ ZKRVH KHDG ZDV VWLOO VWXFN RXW DVNHG HYHU\ERG\ ZKR ZDV WKLV PDQ ZKR KDG MXVW FRPH WR WKH WRZQ FHQWUH (ML 7DUH NKRML NKRMLQH NDGL\R $DYL SXFKL\RRQ PHWQH EDKDU

KWWS ZZZ LVPDLOL QHW JUDQWKV FKHWZDQE KWPO

3DJH RI ZZZ UHDOSDWLGDU FRP PDLO#UHDOSDWLGDU FRP

0RPLQ &KHWDPDQL 6HULHV

020,1 &+(7$0$1, E\ 6<(' ,0$0 6+$+

3DJH RI

ZZZ Z UHDOSDWLGDU FRP PDLO#UHDOSDWLGDU F FRP ,\DQ NRLH PXVDILU RWDUL\R

7HQRRQ GDVK NRLH GLDH \DDU &KHWR

(YHU\ERG\ VWDUWHG DVNLQJ :KHUH LV WKDW VWUDQJHU DQG ZKDW LV KLV DGGUHVV" (ML 7DUH DH PHW PDKDLQ WKL DDYL\R FKRNDUR 7HQR SLUVRRQ DWL S\DU 7HQH DDYLQH DHP NDK\RRQ $HN SXUXVK EHWKR PDHW PRQMDU &KHWR

7KH \RXQJ PDQ ZKR ZDV DWWDFKHG WR 3LU WROG %DKDXGGLQ V PHQ ZKR 3LU ZDV (ML 7DUH WH PDQDV PDKDLQ DDYL\R 7HQH DDYLQH NLGKD SLUQD GLGDU 7DUH VDODP NDULQH RKER UDKH\R -\DUH GLWKR WH VDKHE VDU MDQ KDDU &KHWR

%DKDXGGLQ V PDQ FDPH GRZQ WR WKH VKRUH DQG JUHHWHG 3LU (ML .DUL VDODP WHWR SRFKR YDUL\R *D\R %DYGLQ WHQH GZDU 7H MHWOL GLWKL WHWOL MDLH NDKL 3XUXVK DHN DDYL\R WH EHWKR PDHW PRQMDU

&KHWR

+H UHWXUQHG WR %DKDXGGLQ DQG UHSRUWHG WKDW LQGHHG WKLV PDQ KDG WUDYHOOHG LQ D SDSHU ERDW (ML 7DUH %DYGLQ SXUWDQH WHUDYL\R 6DPEDUR NDKRRQ YDDWQR YLFKDU $HYR KDYDO DPDUR WKD\R 'KDU PDKDLQ QH PDWKRRQ FKH EDKDU &KHWR

%DKDXGGLQ ZKR ZDV VWLOO VWXFN LQ WKH ZLQGRZ WROG KLV VRQV ZKDW KLV SUHGLFDPHQW ZDV (ML 3XUXVK DHN DDYL\R VKHKHU PD 7HQR RWDUR FKH WH PDHW PRQMDU $UGDV NDUR WH MDLH DDJ DOH $PDUL WDNVLUQR QDKL NRLH SDDU &KHWR

$QG KH DOVR UHTXHVWHG KLV VRQV WR JR GRZQ WR WKLV PDQ ZKR KDG WUDYHOOHG LQ WKH SDSHU ERDW WR PDNH KLP QRUPDO DJDLQ (ML 6KHNK 6DGDU WH SXFKL\RRQ 3LWD %DYGLQ QH YDUL YLFKDU 7DP PDWKH VKLQJDUD NHP WKD\D 7HQR EKHG NDKR QLUGKDU &KHWR

+LV VRQV 6KHLN DQG 6DGXU DVNHG WKHLU IDWKHU ZKDW KDG FDXVHG KLP WR KDYH DQWOHUV (ML 7DUH %DYGLQ PXNK PDKDLQ WKL EROL\D 6DPEDUR NDKRRQ FKRRQ D\ YDDW QR YLFKDDU $H SXUXVK PDWPLD\ EHVL NDUL .DUWD GDUL\DQL VDKHODM VDDU &KHWR

%DKDXGGLQ UHSOLHG , ZDV ZDWFKLQJ WKLV PDQ VDLO LQ D SDSHU ERDW (ML 7H PDWPL %DQDYL NDJDU WDQL 7H PDKDLQ SDQL QD SHVH ODJDDU 7H VDPRRQ DPH MR\RRQ 7DHUH EKLQL WKDLH KDVKH VDDU &KHWR

7KH ERDW GHVSLWH EHLQJ RI SDSHU GLG QRW JHW ZHW +RZHYHU P\ VWDULQJ

KWWS ZZZ LVPDLOL QHW JUDQWKV FKHWZDQE KWPO

3DJH RI ZZZ UHDOSDWLGDU FRP PDLO#UHDOSDWLGDU FRP

0RPLQ &KHWDPDQL 6HULHV

020,1 &+(7$0$1, E\ 6<(' ,0$0 6+$+

3DJH RI

ZZZ Z UHDOSDWLGDU FRP PDLO#UHDOSDWLGDU F FRP DW KLP FRXOG KDYH FDXVHG LW WR JHW ZHW DW KLP

(ML 7DUH SXUXVK QD PDQ PDKDLQ DH RSQL 7HQH WKL DHUH WKD\R LVUDU 0DWKRRQ WH PHUL PDKDLQ QDKLQ JDUH 7H WR UDKL\RRQ FKH JRNKWKL ERKDU

&KHWR

7KLV PLJKW KDYH DQJHUHG WKH PDQ DQG KH PLJKW KDYH FXUVHG PH WR EH LQ WKLV VWDWH (ML +DZH WH MDDR SXUXVK NDQH -DLH VDPEDUR VDUYH YDDWQRRQ YLFKDU $HQL GXD DH IDMDO WKD\VKH $QH PDWKRRQ DDYVKH JRNKD PRQMDU &KHWR

6R JR WR WKDW PDQ DQG UHTXHVW KLP WR WDNH DZD\ KLV FXUVH DQG SUD\ IRU PH (ML 6KHNK 6DGDU WDUH FKDOL\D 7H KDWR %DYGLQ QR SDULYDU 7HQH DHN PDQDV EHUR OLGKR 7HWR DDYL\D PDHW PRQMDU &KHWR

7KXV 6KHLN DQG 6DGXU ZHQW GRZQ WR WKH WRZQ ZLWK D PDQ WR ZKHUH WKH SDSHU ERDW ZDV (ML 7DUH VDWJXUXML VDPH EHWKD KDWD 7HQR VKHNK 6DGDU WH GLWKR GLGDU 7DUH VDODP NLGKL VDWJXUX MLQH 1DPL KDWK EDQGKLQH NLGKL SRNDU &KHWR

7KH\ VDZ WKH 3LU VHDWHG DW WKH EDQN RI WKH ULYHU 7KH\ IROGHG WKHLU KDQGV DQG KXPEOHG WKHPVHOYHV LQ IURQW RI 3LU (ML 7DUD 6UL VDWJXUH DHP SXFKL\D 6KRRQ NDP FKH WHQRRQ NDKRQH YLFKDU $D N\DQ WKL WDPH DDYL\D .RRQ WDW WDPDUR VDDU &KHWR

3LU DVNHG WKHP ZKDW WKH\ ZDQWHG DQG ZKR WKHLU IDWKHU ZDV (ML 7DUH VKHNK VDGDU DHP EROL\D $PH UDKLDH DH QDJDU PRQMDU 7DDW DPDUR FKH %DYGLQ $PH EH EKDL WHQD SDULYDU &KHWR

6KHLN DQG 6DGXU UHSOLHG :H VWD\ LQ WKLV WRZQ DQG RXU IDWKHU LV %DKDXGGLQ DQG ZH DUH WZR EURWKHUV (ML 7DUH VDWJUXUML EROL\D 3LU 6KDPV YDU GDWDDU $D VKRRQ WDPH EH EKDL RQRRQ QDP FKH $QH NRRQ WDPDURRQ FKH SDULYDU &KHWR

3LU 6KDPV DVNHG WKHP WKHLU QDPHV (ML 7DUH VKHNK VDGDU DHP EROL\D 7DPH VDPEDUR VDUGDU 6KHNK VDGDU DPQH NDKH FKH %LMR UXNDQ DPWKL QDQHUR VDDU

&KHWR

6KHLN DQG 6DGXU UHSOLHG :H DUH FDOOHG 6KHLN 6DGX 2 /RUG DQG P\ \RXQJHU EURWKHU LV 5XNDQ (ML +DYH WDP NLUSDDH DPH FKRRWLD\ %DYGLQ QRRQ PXVWDN UDKL\RRQ FKH JRNKDWKL EDKDU 7HQL XSDUH WDPH NLUSD NDUR

KWWS ZZZ LVPDLOL QHW JUDQWKV FKHWZDQE KWPO

3DJH RI ZZZ UHDOSDWLGDU FRP PDLO#UHDOSDWLGDU FRP

0RPLQ &KHWDPDQL 6HULHV

020,1 &+(7$0$1, E\ 6<(' ,0$0 6+$+

3DJH RI

ZZZ Z UHDOSDWLGDU FRP PDLO#UHDOSDWLGDU F FRP 7DPR FKR JXQDK QD EDNVKDQ KDDU &KHWR

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

&KHWR

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

KWWS ZZZ LVPDLOL QHW JUDQWKV FKHWZDQE KWPO

3DJH RI ZZZ UHDOSDWLGDU FRP PDLO#UHDOSDWLGDU FRP

0RPLQ &KHWDPDQL 6HULHV

020,1 &+(7$0$1, E\ 6<(' ,0$0 6+$+

3DJH RI

ZZZ Z UHDOSDWLGDU FRP PDLO#UHDOSDWLGDU F FRP 7HQH VHQVR WH DDYL\R DDSDU

$HQR QH DPDURRQ NHP FKDOVKH 6KHKHU WH RRQFKD PLQMDU

&KHWR

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

&KHWR

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

KWWS ZZZ LVPDLOL QHW JUDQWKV FKHWZDQE KWPO

3DJH RI ZZZ UHDOSDWLGDU FRP PDLO#UHDOSDWLGDU FRP

0RPLQ &KHWDPDQL 6HULHV

020,1 &+(7$0$1, E\ 6<(' ,0$0 6+$+

3DJH RI

ZZZ Z UHDOSDWLGDU FRP PDLO#UHDOSDWLGDU F FRP 6KHLN DQG 6DGXU WRRN WKHVH PLON DQG VDQG WR WKHLU IDWKHU (ML 7H %DYGLQH ODLH EKRQ\ GKDUL\D 'XGK SKRRO NKDN WHQLUH YDDU 7DUH WH VKHNK VDGDUH SXFKL\RRQ $PQH PLWDML NDKR QH YLFKDU

&KHWR

7KH\ SUHVHQWHG DOO WKH WKUHH HOHPHQWV PLON IORZHU DQG VDQG WR WKHLU IDWKHU DQG DVNHG IRU DQ H[SODQDWLRQ (ML .HYL ULWH WDPH GXGK PHOL\RRQ 6\HG QH UH GZDU 7H PDWKH ODL QH SKRRO GKDUL\D 0XNKVRRQ NDKL\RRQ NH VHQVR PD NDUMR ODJDDU

&KHWR

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

KWWS ZZZ LVPDLOL QHW JUDQWKV FKHWZDQE KWPO

3DJH RI ZZZ UHDOSDWLGDU FRP PDLO#UHDOSDWLGDU FRP

0RPLQ &KHWDPDQL 6HULHV

020,1 &+(7$0$1, E\ 6<(' ,0$0 6+$+

3DJH RI

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

KWWS ZZZ LVPDLOL QHW JUDQWKV FKHWZDQE KWPO

3DJH RI ZZZ UHDOSDWLGDU FRP PDLO#UHDOSDWLGDU FRP

0RPLQ &KHWDPDQL 6HULHV

020,1 &+(7$0$1, E\ 6<(' ,0$0 6+$+

3DJH RI

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

(ML -HWOD KDWD WHWOD EROL\D 6DKHE DPH SXFKL\RRQ WH VKHKHU DDSDU +DYH PDDW WDDW WDPH WKD\R 7R RJDUL\H DPH QH DPDUD SDULYDU

KWWS ZZZ LVPDLOL QHW JUDQWKV FKHWZDQE KWPO

3DJH RI ZZZ UHDOSDWLGDU FRP PDLO#UHDOSDWLGDU FRP

0RPLQ &KHWDPDQL 6HULHV

020,1 &+(7$0$1, E\ 6<(' ,0$0 6+$+

3DJH RI

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

KWWS ZZZ LVPDLOL QHW JUDQWKV FKHWZDQE KWPO

3DJH RI ZZZ UHDOSDWLGDU FRP PDLO#UHDOSDWLGDU FRP

0RPLQ &KHWDPDQL 6HULHV

020,1 &+(7$0$1, E\ 6<(' ,0$0 6+$+

3DJH RI

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

KWWS ZZZ LVPDLOL QHW JUDQWKV FKHWZDQE KWPO

3DJH RI ZZZ UHDOSDWLGDU FRP PDLO#UHDOSDWLGDU FRP

0RPLQ &KHWDPDQL 6HULHV

020,1 &+(7$0$1, E\ 6<(' ,0$0 6+$+

3DJH RI

ZZZ Z UHDOSDWLGDU FRP PDLO#UHDOSDWLGDU F FRP 1RERG\ FRRSHUDWHG DQG WKH HYHQLQJ ZDV GUDZLQJ QHDUHU VR LQ WKH HQG 1 IRXU KRXUV EHIRUH WKH VXQVHW 3LU UHTXHVWHG WKH VXQ WR FRPH WR KLV KHOS (ML 7DUH VXUDM DDYLQH KD]DU WKD\R .DKR QH VDKHE VKRRQ FKH YLFKDU +XNDDP WDPDUD PDKDLQ KDMDU FKRRQ 7DPH IDUPDYR WH NDURRQ WDL\DU &KHWR

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

KWWS ZZZ LVPDLOL QHW JUDQWKV FKHWZDQE KWPO

3DJH RI ZZZ UHDOSDWLGDU FRP PDLO#UHDOSDWLGDU FRP

0RPLQ &KHWDPDQL 6HULHV

020,1 &+(7$0$1, E\ 6<(' ,0$0 6+$+

3DJH RI

ZZZ Z UHDOSDWLGDU FRP PDLO#UHDOSDWLGDU F FRP 7HWR EDOYD ODJL EDKR DDSDU &KHWR

<RX FDOOHG WKH VXQ GRZQ WR FRRN WKH PHDW DQG WKH KHDW PDGH WKH DUHD DURXQG LW EXUQ WRR (ML $HWR WDPH NLUWDU WKD\D 7HQR NKDONDWQH QDWKL YLFKDU $H DFKUDW PDKDLQ DPH FKDLHDH 7DPH VDKHE NDUDPDW QD GDWDDU &KHWR

<RXU SRZHU LV JUHDW EXW WKHVH SHRSOH GR QRW UHFRJQL]H \RX (ML 7DWR NKDODN DDYL PLOL 7HQR WR NRLH QDKL VKRPDU 7\DQ NDKR PXIWL DDYL\D $DYL\D ROL\D DPEL\D DDSDU &KHWR

7KH WRZQVIRON DOO JDWKHUHG WRJHWKHU DPRQJVW ZKLFK ZHUH WKH 4D]L MXGJH DQG UHOLJLRXV OHDGHUV DQG SHRSOH ZKR FODLP WR EH IURP WKH 3URSKHW V OLQHDJH HWF (ML 7\DQ VDKR NRLH DDYL SD\H SDUH 7H VDUYH QDU QH QDDU 7RXED WRXED VDKR NRLH NDUH %LMR NRLH QDKLQ YLFKDU &KHWR 7KH\ DOO ERZHG GRZQ WR 3LU V OHJ PHQ DQG ZRPHQ DOLNH DQG EHJJHG IRUJLYHQHVV IRU WKH LQMXVWLFH WKH\ KDG GRQH WR KLP (ML 7\DQ UDMD QH UDQD QD KDUDP DDYL\D 7HWR WRXED WRXED NDUL\D DDSDU 7HWR VDWJXU QH DDYL SD\H SDUL\D $QH SXFKH WH EDODN QH YLFKDU &KHWR 7KH NLQJ DQG KLV WUDLQ FDPH GRZQ WKHUH WRR DQG WKH\ OLNHZLVH EHJJHG IRU IRUJLYHQHVV DQG DVNHG WKHLU VRQ WR DFW DV DQ LQWHUPHGLDU\ WR WKH 3LU (ML 7H EDODNQR PDW WDWW NDKL\H 3DQ EDODN QR SLUVRRQ DWL SL\DU 7HQH EDODN QH EDKR YLGKH SXFKL\RRQ -H SLUH VXUDM PDQJDYL\R WHQR NDKR YLFKDU &KHWR 7KH SULQFH ZKR ZDV SK\VLFDOO\ UHODWHG WR WKH NLQJ KDG D VWURQJHU VSLULWXDO ERQG WR WKH 3LU $QG WKH NLQJ DVNHG WKH SULQFH ZKDW WKH PHDQLQJ RI DOO WKLV DSSDUHQW PLUDFOH ZDV (ML 7DUH EDODN EHVKL YDWRRQ NDKH 7DPH VDPEDUR YDDW PDDW WDDW VDKR VDDU $PQH DDNKR GLQ YDKL JD\R 7RDH N\DLH WKL NKDZDQRRQ QDKL PDO\RRQ ODJDDU &KHWR 7KH SULQFH UHSOLHG WKDW ERWK 3LU DQG , KDYH EHHQ KXQJU\ IRU WKH ZKROH GD\ (ML 7DUH VDWJXUX DQH DPH EH KDWD 7H SDFKD DDYL\D VKHKHU PLQMDU 7H DDYL DPH VKHKHU PDKDLQ SXFKLRRQ 7D WR NKDYDQL NRLH QD NDUH KDNDU &KHWR 7KH WRZQVIRON ZRXOG QRW JLYH XV DQ\ IRRG DQG ZH ZHQW IURP GRRU WR GRRU EHJJLQJ IRU LW

KWWS ZZZ LVPDLOL QHW JUDQWKV FKHWZDQE KWPO

3DJH RI ZZZ UHDOSDWLGDU FRP PDLO#UHDOSDWLGDU FRP

0RPLQ &KHWDPDQL 6HULHV

020,1 &+(7$0$1, E\ 6<(' ,0$0 6+$+

3DJH RI

ZZZ Z UHDOSDWLGDU FRP PDLO#UHDOSDWLGDU F FRP

(ML 7DUH WH SLUH NDVDLQH NDKL\D $PQH WDP WH DDSR WDL\DU 7HQH SDLVD FKRUL GLGKD KDWK PD 7R SDQ NDVDLDH NLGKL QDNDU &KHWR

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

KWWS ZZZ LVPDLOL QHW JUDQWKV FKHWZDQE KWPO

3DJH RI ZZZ UHDOSDWLGDU FRP PDLO#UHDOSDWLGDU FRP

0RPLQ &KHWDPDQL 6HULHV

020,1 &+(7$0$1, E\ 6<(' ,0$0 6+$+

3DJH RI

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

KWWS ZZZ LVPDLOL QHW JUDQWKV FKHWZDQE KWPO

3DJH RI ZZZ UHDOSDWLGDU FRP PDLO#UHDOSDWLGDU FRP

0RPLQ &KHWDPDQL 6HULHV

020,1 &+(7$0$1, E\ 6<(' ,0$0 6+$+

3DJH RI

ZZZ Z UHDOSDWLGDU FRP PDLO#UHDOSDWLGDU F FRP ZLVK DQ\ERG\ DQ\ LOO ZLVK D (ML 7DUH PXYR PDDQV WDPDUD VKDKHU PDKDLQ 7HQR KDWR WDP VKLU EDDU $PDUH DDJDO DDYLH NDUJDUL\D -H DPH WDP WKL RWDUL\H SDDU &KHWR

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

KWWS ZZZ LVPDLOL QHW JUDQWKV FKHWZDQE KWPO

3DJH RI ZZZ UHDOSDWLGDU FRP PDLO#UHDOSDWLGDU FRP

0RPLQ &KHWDPDQL 6HULHV

020,1 &+(7$0$1, E\ 6<(' ,0$0 6+$+

3DJH RI

ZZZ Z UHDOSDWLGDU FRP PDLO#UHDOSDWLGDU F FRP 7HQL VDKHE WDPH NDUR VDPEDU %DOH DDYL\D DPDUD GHVKH PDKDLQ $PH WDPWKH RWDUL\H SDDU &KHWR

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

KWWS ZZZ LVPDLOL QHW JUDQWKV FKHWZDQE KWPO

3DJH RI ZZZ UHDOSDWLGDU FRP PDLO#UHDOSDWLGDU FRP

0RPLQ &KHWDPDQL 6HULHV

020,1 &+(7$0$1, E\ 6<(' ,0$0 6+$+

3DJH RI

ZZZ Z UHDOSDWLGDU FRP PDLO#UHDOSDWLGDU F FRP &KDQG VXUDM RED KDMRUPDKDLQ 9HGQL YDQL FKDODYL WHQLDM YDDU &KHWR

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

(ML 7HQH VDWJXUH YDQL NDKL 0XULG NLGKD PXON RRQFK PRQMDU

KWWS ZZZ LVPDLOL QHW JUDQWKV FKHWZDQE KWPO

3DJH RI ZZZ UHDOSDWLGDU FRP PDLO#UHDOSDWLGDU FRP

0RPLQ &KHWDPDQL 6HULHV

020,1 &+(7$0$1, E\ 6<(' ,0$0 6+$+

3DJH RI

ZZZ Z UHDOSDWLGDU FRP PDLO#UHDOSDWLGDU F FRP 6DWJXUQD IDUPDQH MR FKDOVKR WR DDJDO SDPVKR PRNVK GLGDU &KHWR

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

KWWS ZZZ LVPDLOL QHW JUDQWKV FKHWZDQE KWPO

3DJH RI ZZZ UHDOSDWLGDU FRP PDLO#UHDOSDWLGDU FRP

0RPLQ &KHWDPDQL 6HULHV

020,1 &+(7$0$1, E\ 6<(' ,0$0 6+$+

3DJH RI

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

KWWS ZZZ LVPDLOL QHW JUDQWKV FKHWZDQE KWPO

3DJH RI ZZZ UHDOSDWLGDU FRP PDLO#UHDOSDWLGDU FRP

0RPLQ &KHWDPDQL 6HULHV

020,1 &+(7$0$1, E\ 6<(' ,0$0 6+$+

3DJH RI

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

KWWS ZZZ LVPDLOL QHW JUDQWKV FKHWZDQE KWPO

3DJH RI ZZZ UHDOSDWLGDU FRP PDLO#UHDOSDWLGDU FRP

0RPLQ &KHWDPDQL 6HULHV

020,1 &+(7$0$1, E\ 6<(' ,0$0 6+$+

3DJH RI

ZZZ Z UHDOSDWLGDU FRP PDLO#UHDOSDWLGDU F FRP

(ML 7H VDWJXU QD 3LU 1DVLUXGLQ RSQD 7HWR VDWJXU VKDPVQR SDULYDU 7HQH VDWJXUH EDKR MLY ERGKL\D 7H WR YDVH FKH RRQFK PLQMDU &KHWR

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

KWWS ZZZ LVPDLOL QHW JUDQWKV FKHWZDQE KWPO

3DJH RI ZZZ UHDOSDWLGDU FRP PDLO#UHDOSDWLGDU FRP

0RPLQ &KHWDPDQL 6HULHV

020,1 &+(7$0$1, E\ 6<(' ,0$0 6+$+

3DJH RI

ZZZ Z UHDOSDWLGDU FRP PDLO#UHDOSDWLGDU F FRP WKH IRXU HUDV WKH IR EHIRUH WKDW 7KH\ DOO UHFRJQL]HG *RG 0DQLIHVW LQ $OL DQG WKH\ ZHUH SURSKHWV RI WKHLU WLPHV (ML .KHO UDPDW DHQL DDG XQLDDG WKL -\DQ WKDNL VLUML\R VDUYH VDQVDU $DG QLULQMDQ WH QDU $OL NDKLDH 7H QDEL 0RKGH RUNKL\R SRWDQR EKDUWKDU &KHWR

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

KWWS ZZZ LVPDLOL QHW JUDQWKV FKHWZDQE KWPO

3DJH RI ZZZ UHDOSDWLGDU FRP PDLO#UHDOSDWLGDU FRP

0RPLQ &KHWDPDQL 6HULHV

020,1 &+(7$0$1, E\ 6<(' ,0$0 6+$+

3DJH RI

ZZZ Z UHDOSDWLGDU FRP PDLO#UHDOSDWLGDU F FRP +H JDYH WKHP D ZD\ RI OLIH DQG D UHOLJLRQ %RWK WR PHQ DQG ZRPHQ KH + UHYHDOHG WKH *RG 0DQLIHVW DQG WROG WKHP WR EH KRQHVW LQ WKHLU GHDOLQJV (ML -XWK QLQGD NHQL PD NDUVKR -HQHWKL SDUL\H GRKHOH SDU 6DWL MLY WDPH VDWH FKDOMR 7R WDPH RWDUVKR SHOH SDU &KHWR

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

KWWS ZZZ LVPDLOL QHW JUDQWKV FKHWZDQE KWPO

3DJH RI ZZZ UHDOSDWLGDU FRP PDLO#UHDOSDWLGDU FRP

0RPLQ &KHWDPDQL 6HULHV

020,1 &+(7$0$1, E\ 6<(' ,0$0 6+$+

3DJH RI

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

KWWS ZZZ LVPDLOL QHW JUDQWKV FKHWZDQE KWPO

3DJH RI ZZZ UHDOSDWLGDU FRP PDLO#UHDOSDWLGDU FRP

0RPLQ &KHWDPDQL 6HULHV

020,1 &+(7$0$1, E\ 6<(' ,0$0 6+$+

3DJH RI

ZZZ Z UHDOSDWLGDU FRP PDLO#UHDOSDWLGDU F FRP &KRYLV NDURUH MLY GRODYL\R 7HQH NDLQ QDY UDNKL\R YLFKDU &KHWR

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

KWWS ZZZ LVPDLOL QHW JUDQWKV FKHWZDQE KWPO

3DJH RI ZZZ UHDOSDWLGDU FRP PDLO#UHDOSDWLGDU FRP

0RPLQ &KHWDPDQL 6HULHV

020,1 &+(7$0$1, E\ 6<(' ,0$0 6+$+

3DJH RI

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

KWWS ZZZ LVPDLOL QHW JUDQWKV FKHWZDQE KWPO

3DJH RI ZZZ UHDOSDWLGDU FRP PDLO#UHDOSDWLGDU FRP

0RPLQ &KHWDPDQL 6HULHV

020,1 &+(7$0$1, E\ 6<(' ,0$0 6+$+

3DJH RI

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

KWWS ZZZ LVPDLOL QHW JUDQWKV FKHWZDQE KWPO

3DJH RI ZZZ UHDOSDWLGDU FRP PDLO#UHDOSDWLGDU FRP

0RPLQ &KHWDPDQL 6HULHV

020,1 &+(7$0$1, E\ 6<(' ,0$0 6+$+

3DJH RI

ZZZ Z UHDOSDWLGDU FRP PDLO#UHDOSDWLGDU F FRP 3LU 6DGDUGLQ LV OLNH %UDKPD DQG KH KDV KHOSHG WKHP FURVV WKH ULYHU WR 3 WKH RWKHU EDQN DQG PHHW 6KUL ,VODP 6KDK WKHUH IRU 3LU 6DGDUGLQ LV WKH ULJKW &DSWDLQ (ML 7H QDY RWDUL QDU 6UL ,VODPVKDK .DOMXJ VDQGKH QDU QDNDODQNQRRQ DYDWDU 7HQH EDDU NDURU MLY RGKDUL\D 0XNKL 3LU 6DGDUGLQ VDWKH SDKRWD SDKHOH SDDU &KHWR

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

KWWS ZZZ LVPDLOL QHW JUDQWKV FKHWZDQE KWPO

3DJH RI ZZZ UHDOSDWLGDU FRP PDLO#UHDOSDWLGDU FRP

0RPLQ &KHWDPDQL 6HULHV

020,1 &+(7$0$1, E\ 6<(' ,0$0 6+$+

3DJH RI

ZZZ Z UHDOSDWLGDU FRP PDLO#UHDOSDWLGDU F FRP 9LVKQX LV 9LVKQX VXSSRVHG WR EH WKH &UHDWRU (ML 6HYDQH NDUDQH VLUML\D %UDKPD PDKHVKZDU DYWDU 7HQH SRWDQD QRRU PDKDLQ WKL QLSDYL\D $QH PXWL\D WH GXQL\D PLQMDU &KHWR

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

KWWS ZZZ LVPDLOL QHW JUDQWKV FKHWZDQE KWPO

3DJH RI ZZZ UHDOSDWLGDU FRP PDLO#UHDOSDWLGDU FRP

0RPLQ &KHWDPDQL 6HULHV

020,1 &+(7$0$1, E\ 6<(' ,0$0 6+$+

3DJH RI

ZZZ Z UHDOSDWLGDU FRP PDLO#UHDOSDWLGDU F FRP

(ML 2QFK WKL VDWJXU +DVVDQVKDK FKDOL\D 6KDK QL GDUJDK QR UDNKL\R YLFKDU +DYH WH QDU QDNODQNL QH EHWLDH -\DQWKL WDOH WH MLYRRQ QH MDQMDO &KHWR

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

KWWS ZZZ LVPDLOL QHW JUDQWKV FKHWZDQE KWPO

3DJH RI ZZZ UHDOSDWLGDU FRP PDLO#UHDOSDWLGDU FRP

0RPLQ &KHWDPDQL 6HULHV

020,1 &+(7$0$1, E\ 6<(' ,0$0 6+$+

3DJH RI

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

KWWS ZZZ LVPDLOL QHW JUDQWKV FKHWZDQE KWPO

3DJH RI ZZZ UHDOSDWLGDU FRP PDLO#UHDOSDWLGDU FRP

0RPLQ &KHWDPDQL 6HULHV

020,1 &+(7$0$1, E\ 6<(' ,0$0 6+$+

3DJH RI

ZZZ Z UHDOSDWLGDU FRP PDLO#UHDOSDWLGDU F FRP 7HQRRQ NRLH QDKL PRRO VKRPDU &KHWR

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

KWWS ZZZ LVPDLOL QHW JUDQWKV FKHWZDQE KWPO

3DJH RI ZZZ UHDOSDWLGDU FRP PDLO#UHDOSDWLGDU FRP

0RPLQ &KHWDPDQL 6HULHV

020,1 &+(7$0$1, E\ 6<(' ,0$0 6+$+

3DJH RI

ZZZ Z UHDOSDWLGDU FRP PDLO#UHDOSDWLGDU F FRP +RZ FDQ D VODYH WKLQN RI DVNLQJ DQ\WKLQJ FRQWLQXHG 3LU +DVDQ .DELUGLQ E\ ORRNLQJ WRZDUGV PH <RX KDYH LQGHHG JLYHQ PH HYHU\WKLQJ

(ML 0DDW WDDW WDPH EDQGKYD $PDUD 6KDK VDGD\ FKR EKDUWKDU 7DPH SXUXVKR FKR QLULQMDQ DYWDU

+RRQ EDQGL VDGD\ WDP WDQL

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

KWWS ZZZ LVPDLOL QHW JUDQWKV FKHWZDQE KWPO

3DJH RI ZZZ UHDOSDWLGDU FRP PDLO#UHDOSDWLGDU FRP

0RPLQ &KHWDPDQL 6HULHV

020,1 &+(7$0$1, E\ 6<(' ,0$0 6+$+

3DJH RI

ZZZ Z UHDOSDWLGDU FRP PDLO#UHDOSDWLGDU F FRP , KDYH JLYHQ \RX UHVSRQVLELOLW\ RI LQILQLWH VRXOV *R EDFN DQG SUHDFK WR WKHP WKH ULJKW UHOLJLRQ DQG FRPH EDFN WR 0H ZLWK WKRVH VRXOV (ML -H MLY WDPH DKL ODYVR 7HQH DYDJ PDQ IHUR QDKLUH VDQVDU 7DP NDURDQ MHQH MLYRRQH DPH EDNVKL\D 7HQR WDP VLU EUDKPDML EDDU &KHWR 7KH VRXOV WKDW \RX EULQJ ZLWK \RX ZLOO QRW KDYH WR JR WKURXJK WKH HYROXWLRQ IRU EHFDXVH RI \RX , ZLOO IRUJLYH WKHP +RZHYHU \RX ZLOO KDYH WKHLU UHVSRQVLELOLW\ (ML 7DUH JXU +VVDQV 6KDKD $OL MLQH SD\H SDUL\D $QH YLQWL NDUL WHQR DQW QD SDDU $D GDKQ GKDQ <D $OL WDPQH NDKLDH $P QDUL QR VKRRQ FKH EDDU &KHWR 3LU +DVDQ .DELUGLQ IHOO WR ,PDP V IHHW DQG ZHSW ZLWK MR\ DQG VDLG , DP LQGHHG YHU\ KDSS\ P\ /RUG EXW ZKDW FDQ DQ LQFRPSOHWH KXPDQ EHLQJ OLNH PH GR" (ML $H MLY DPWKL QD RGKDUH $OL ML WDPH NLUSD NDUR DDS NLUWDU $PHUH JXQHKJDDU EDKR EDQGD 7DPH WR FKR VDKHE EDNVKDQKDDU &KHWR +RZ ZLOO , EH DEOH WR WDNH WKH LQILQLWH VRXOV ZLWK PH VR EH NLQG WR PH IRUJLYH P\ VLQV IRU <RX DUH WKH )RUJLYHU RI VLQV (ML $HYR EDU $OLMLDQ VLU GKDUL\R 7H DPWKL $OLML VKRRQ WKD\D VLUMDQKDDU 7DPH PDKHU NDUR PRUD VDKLQ\D $P VUL WKL RWDUR NDOMXJQD MLYQR EKDU &KHWR 7KH UHVSRQVLELOLW\ <RX KDYH JLYHQ PH LV LQGHHG JUDYH :LOO , EH DEOH WR IXOILO LW" %H NLQG WR PH 2 /RUG DQG VKDUH P\ ORDG RI WKH VRXOV WKDW DUH LQ WKH .DOMRRJ (ML 7DUH VWJXUX $OLMLQD FKDUDQH WKL 6LU RFKRRQ QDY NDUH ODJDDU $QDQW NDURU MLYRRQ QL YLQWL VDWJXU NDKH 7DUH ND\DP GHY PXNKWKL EROL\D WHDQLDM ZDU &KHWR 7KH ,PDP WKHQ OLIWHG 3LU +DVDQ .DELUGLQ V KHDG IURP +LV IHHW 3LU FRQWLQXHG WR EHVHHFK +LP IRU +LV KHOS LQ FRPSOHWLQJ KLV PLVVLRQ RI EHLQJ WKH FDXVH RI VDOYDWLRQ IRU DQ LQILQLWH QXPEHU RI VRXOV (ML $QDQW PDKDLQ WH MLY DDYVKH -H MLY RUNKVKH DDSDQD DYWDU $D WDPQH VDWJXU EUDKPD VDKL NDUL PDQVKH $QH KDMDU MRPR WH VDKL NDUL PDQVKH QLUGKDU &KHWR $PRQJVW WKRVH ZKR ZLOO DFKLHYH VDOYDWLRQ ZLOO EH WKRVH ZKR ZLOO NQRZ WKH ,PDP RI WKH 7LPH DQG ZLOO DFFHSW \RXU WHDFKLQJV (ML $DG XQL\DG QD VDWJXUXML WDPH 7DPH FKR VDWJXU EUDKPDMLQD DYWDDU $PH YLVKDQX YDU GDWDDU FKDLDH 7HQR NDOMXJ VDQGKH PLOLKD PDKDLQ &KHWR <RX DUH WKH ULJKW *XUX DQG LQFDUQDWH RI %UDKPD , DP 9LVKQX WKH &UHDWRU DQG ZH KDYH ERWK FRPH LQ WKLV .DOMRRJ (ML $H DYWDU SDWUD MH MLY RUNKVKH 7HQL VKDUDQ FKH VDWJXUML WDPDUH KDWKH VDDU 7DUH KDWK GDLQH PXVWDN RQFKR NDU\R

KWWS ZZZ LVPDLOL QHW JUDQWKV FKHWZDQE KWPO

3DJH RI ZZZ UHDOSDWLGDU FRP PDLO#UHDOSDWLGDU FRP

0RPLQ &KHWDPDQL 6HULHV

020,1 &+(7$0$1, E\ 6<(' ,0$0 6+$+

3DJH RI

ZZZ Z UHDOSDWLGDU FRP PDLO#UHDOSDWLGDU F FRP 9LVKDQX ML WH KXZD YDDU GDWDDU &KHWR

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

KWWS ZZZ LVPDLOL QHW JUDQWKV FKHWZDQE KWPO

3DJH RI ZZZ UHDOSDWLGDU FRP PDLO#UHDOSDWLGDU FRP

0RPLQ &KHWDPDQL 6HULHV

020,1 &+(7$0$1, E\ 6<(' ,0$0 6+$+

3DJH RI

ZZZ Z UHDOSDWLGDU FRP PDLO#UHDOSDWLGDU F FRP DPRQJVW WKHP IRU LW ZLOO EH GLIILFXOW IRU PH WR FURVV WKDW HUD DPRQJV (ML %DNL RQL\DFKDUL MLY RWDUL\D 6DWL MLYWR VDGKDYL\D VDUDJ GZDU 7H MLY QH SDUERGK NHYR ODJDVKH -HQD PDQPD UDKHP QDKL ODJDDDU &KHWR

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

KWWS ZZZ LVPDLOL QHW JUDQWKV FKHWZDQE KWPO

3DJH RI ZZZ UHDOSDWLGDU FRP PDLO#UHDOSDWLGDU FRP

0RPLQ &KHWDPDQL 6HULHV

020,1 &+(7$0$1, E\ 6<(' ,0$0 6+$+

3DJH RI

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

KWWS ZZZ LVPDLOL QHW JUDQWKV FKHWZDQE KWPO

3DJH RI ZZZ UHDOSDWLGDU FRP PDLO#UHDOSDWLGDU FRP

0RPLQ &KHWDPDQL 6HULHV

020,1 &+(7$0$1, E\ 6<(' ,0$0 6+$+

3DJH RI

ZZZ Z UHDOSDWLGDU FRP PDLO#UHDOSDWLGDU F FRP $UL SDUL NHQL NDUVKH QDKL $DSDQD GKDQGKD PDKDLQ UDKHVKH KXVKL\DU &KHWR

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

KWWS ZZZ LVPDLOL QHW JUDQWKV FKHWZDQE KWPO

3DJH RI ZZZ UHDOSDWLGDU FRP PDLO#UHDOSDWLGDU FRP

0RPLQ &KHWDPDQL 6HULHV

020,1 &+(7$0$1, E\ 6<(' ,0$0 6+$+

3DJH RI

ZZZ Z UHDOSDWLGDU FRP PDLO#UHDOSDWLGDU F FRP PDUU\ KLP KHU DQG PDUU\ WKH\ OO EHJHW VRQV DOO RI ZKRP ZLOO EH WUXH )DUPDQ %DUGDUL 0RPLQV (ML 3DQFKVR PDODHN WHQD KDMRUPD UDKHVKH 7HWR IDUPDQL UDKHVKH DH JKDU PLQMDU 7HWR DVKZD ]DOLQH RED UDKHVKH $QH WH VDKHO NDUDYVKH VZDUJ PLQMDU &KHWR

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

KWWS ZZZ LVPDLOL QHW JUDQWKV FKHWZDQE KWPO

3DJH RI ZZZ UHDOSDWLGDU FRP PDLO#UHDOSDWLGDU FRP

0RPLQ &KHWDPDQL 6HULHV

020,1 &+(7$0$1, E\ 6<(' ,0$0 6+$+

3DJH RI

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

KWWS ZZZ LVPDLOL QHW JUDQWKV FKHWZDQE KWPO

3DJH RI ZZZ UHDOSDWLGDU FRP PDLO#UHDOSDWLGDU FRP

0RPLQ &KHWDPDQL 6HULHV

020,1 &+(7$0$1, E\ 6<(' ,0$0 6+$+

3DJH RI

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

KWWS ZZZ LVPDLOL QHW JUDQWKV FKHWZDQE KWPO

3DJH RI ZZZ UHDOSDWLGDU FRP PDLO#UHDOSDWLGDU FRP

0RPLQ &KHWDPDQL 6HULHV

020,1 &+(7$0$1, E\ 6<(' ,0$0 6+$+

3DJH RI

ZZZ Z UHDOSDWLGDU FRP PDLO#UHDOSDWLGDU F FRP &KHWR ,W LV SHRSOH OLNH WKHVH , 3LU ZLOO EHIULHQG DQG ZLOO JLYH WKHP EOLVV LI WKH\ UHFRJQL]H WKH ,PDP RI WKH 7LPH (ML -H MLY ERQUH NDPH MLY FKDODYVKH 1DY SDUVKH WH NLU\D DDFKDU 7H MLY SRWH GRE\D QH YLMD QH GREDZDVKH $QH SDPVKH PDGKDP DYWDDU &KHWR 7KRVH ZKR ZLOO EH LUUHJXODU LQ WKHLU GXWLHV DQG OHDG D VLQIXO H[LVWHQFH ZLOO QRW RQO\ VLQN WKHPVHOYHV EXW ZLOO GURZQ WKH SHRSOH DURXQG WKHP (ML $QH DDFKDUH PDGKD\DPDM MDQLDH 7HQRRQ NRRU NDSDW QLQGDVRRQ YHYDDU 7HQH GKDUP DDFKDU WR VXMH QDKLQ 7H MXWK QLQGDVRRQ MDVKH QDUDN GZDU &KHWR 3HRSOH OLNH WKHVH DUH FKHDWV DQG EDFNELWHUV ZKR FDQ QHYHU UHFRJQL]H UHOLJLRQ DQG OLYH LQ DQ HWHUQDO KHOO (ML 7H GKDUP GHWD Q ]DJUR PDUVKH %DWK SDUL\R WHQR DYWDDU $HN SRWDQH SDQ\H SRUD QDKL $QH NDUYD MDDH ELMDQL ZDDU &KHWR 7KH\ ZLOO DUJXH DJDLQVW UHOLJLRQ DQG ZDVWH WKHLU OLIH QRW RQO\ ZLOO WKH\ PLVV WKHLU FKDQFH EXW ZLOO SUHYHQW SHRSOH DURXQG WKHP IURP EHLQJ UHJXODU LQ WKHLU GXWLHV (ML $HN SRWDQR SLQG SDOH QDKL $QH ELML MLYQR PDWKH OLDH FKKH EKDU 7HQL DDNKDU YHOD MDUH DDYVKH 7DUH WH MLYQH EDQGKL GHVKH PDDU &KHWR 7KHVH SHRSOH DUH LQGHHG WDNLQJ WKH EXUGHQ RII WKH SHRSOH DURXQG WKHP E\ SUHYHQWLQJ WKHP IURP SHUIRUPLQJ WKHLU UHOLJLRXV GXWLHV DQG ZKHQ WKHLU WLPH ZLOO FRPH WKHQ WKHLU VRXO ZLOO XQGHUJR WRUWXUHV (ML 7HQH PDUWD PDUWD NL\DPDW MDVKH 7\DQ WH MLY EDKR NDUVKH SRNDU 7HQH DDUR WH NRL QDKL DDYVKH 0DL EDDS QDKL NRL NXWXPE SDULYDU &KHWR 7KH\ ZLOO JR WKURXJK WKH 'D\ RI -XGJHPHQW DW WKHLU GHDWKEHG DQG WKHLU VRXOV ZLOO VFUHDP LQ DQJXLVK EXW QRQH RI WKHLU IDPLO\ PHPEHUV ZLOO EH DEOH WR KHOS WKHP (ML 6DJD VDYJD VDUYH VDQVDUQD 7\DQ NHQRRQ MRU QDY FKDOVKH ODJDDU $MDQ WKDL QH SRWDQD NDU\D 7H VDKRQR SRWD PDWKH OLGKR FKH EDDU &KHWR (YHU\RQH LV IRU KLPVHOI IRU QR RQH ZLOO ZDQW WR VKDUH WKH DQJXLVK (ML 'XQL\D PDKDLQ MH SRWDQRRQ NDUL UDFKVKH $JDO NDWKDQ FKH VDKHPQH GDUEDU 6DWJXUXML WH VDFKD YLQD QDY FKRWVKH $DNKDU MDVKH WH JKRU DQGKDU &KHWR 3HRSOH ZKR DUH VHOILVK ZLOO KDYH GLIILFXOW\ LQ ODWHU OLIH 7KH\ ZLOO QHHG 7UXH *XUX WR JXLGH WKHP RWKHUZLVH WKH\ ZLOO JR DVWUD\ (ML $HQH DDFKDUH VKWUR WKDVKH DDSDQR 6DWJXU +DVVDQVKDK WDXQH NDKRRQ FKR QLUGKDU

KWWS ZZZ LVPDLOL QHW JUDQWKV FKHWZDQE KWPO

3DJH RI ZZZ UHDOSDWLGDU FRP PDLO#UHDOSDWLGDU FRP

0RPLQ &KHWDPDQL 6HULHV

020,1 &+(7$0$1, E\ 6<(' ,0$0 6+$+

3DJH RI

ZZZ Z UHDOSDWLGDU FRP PDLO#UHDOSDWLGDU F FRP 'XQL\D PDKDLQ MH MLY VDW GKDUP EDQJVKH

7HQL NRL QD NDUVKH VDDU

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

KWWS ZZZ LVPDLOL QHW JUDQWKV FKHWZDQE KWPO

3DJH RI ZZZ UHDOSDWLGDU FRP PDLO#UHDOSDWLGDU FRP

0RPLQ &KHWDPDQL 6HULHV

020,1 &+(7$0$1, E\ 6<(' ,0$0 6+$+

3DJH RI

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

KWWS ZZZ LVPDLOL QHW JUDQWKV FKHWZDQE KWPO

3DJH RI ZZZ UHDOSDWLGDU FRP PDLO#UHDOSDWLGDU FRP

0RPLQ &KHWDPDQL 6HULHV

020,1 &+(7$0$1, E\ 6<(' ,0$0 6+$+

3DJH RI

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

KWWS ZZZ LVPDLOL QHW JUDQWKV FKHWZDQE KWPO

3DJH RI ZZZ UHDOSDWLGDU FRP PDLO#UHDOSDWLGDU FRP

0RPLQ &KHWDPDQL 6HULHV

020,1 &+(7$0$1, E\ 6<(' ,0$0 6+$+

3DJH RI

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

KWWS ZZZ LVPDLOL QHW JUDQWKV FKHWZDQE KWPO

3DJH RI ZZZ UHDOSDWLGDU FRP PDLO#UHDOSDWLGDU FRP

0RPLQ &KHWDPDQL 6HULHV

020,1 &+(7$0$1, E\ 6<(' ,0$0 6+$+

3DJH RI

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

KWWS ZZZ LVPDLOL QHW JUDQWKV FKHWZDQE KWPO

3DJH RI ZZZ UHDOSDWLGDU FRP PDLO#UHDOSDWLGDU FRP

0RPLQ &KHWDPDQL 6HULHV

020,1 &+(7$0$1, E\ 6<(' ,0$0 6+$+

3DJH RI

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

KWWS ZZZ LVPDLOL QHW JUDQWKV FKHWZDQE KWPO

3DJH RI ZZZ UHDOSDWLGDU FRP PDLO#UHDOSDWLGDU FRP

0RPLQ &KHWDPDQL 6HULHV

020,1 &+(7$0$1, E\ 6<(' ,0$0 6+$+

3DJH RI

ZZZ Z UHDOSDWLGDU FRP PDLO#UHDOSDWLGDU F FRP ,W LV GXULQJ WKHVH WLPHV WKDW WKRVH 0RPLQV ZKR ZLOO EHZDUH DQG ZLOO ORYH DQG DGKHUH WR 6DWSDQWK WKH\ ZLOO DOVR DYRLG OLVWHQLQJ WR SHRSOH V IDXOWV DQG EDFNELWLQJ (ML +DT NDPDL NDULQH MH NKDVKH SHPD 7HPDWKL DDSDQD JXUQDU PXNKH UDNKVKH GDVRQGQR YDKHYDU 7H MLYQH JXUQDU SRWDQR NDUL UDNKVKH 7H MLY DDYVKH WH DQDQW QD KLVDE PRQMDU &KHWR 7KRVH ZKR ZLOO HDUQ DQ KRQHVW OLYLQJ DQG ZLOO SD\ 'DVRQG ZLOO EH DPRQJVW WKH VRXOV VDYHG E\ 3LU +DVDQ .DELUGLQ (ML &KDUDFKDU EDW GHNKL DD MXJ WDQD 7DPH ERROVKR PD VDUYH VDQVDU $OL QDEL DD MXJ PDKDLQ DYWDDU SDWUD FKH 7HWKL RWDUL\D WH MDVKH QDUDN GZDU &KHWR 0RPLQV GR QRW EH OXUHG E\ WKH PDWHULDOLVP DURXQG \RX $OL DQG WKH 3URSKHW DUH 0DQLIHVWDWLRQ RI 'LYLQH /LJKW VR UHFRJQL]H WKHP WKXV \RX PD\ DFKLHYH VDOYDWLRQ (ML $H QDU 6UL ,VODPVKDK DYWDDU 6KDK $OL WDQD 6DWJXU +DVVDQVKDK WH WR QDEL 0RKG QR DYWDDU $H DYWDDU SDWUD QH MH RFKRRQ NDUL PDQVKH 7HQR KDO PDO JD\R QH JD\R WHQR PDQNKD &KHWR 6KUL ,VODP 6KDK LV $OL DQG 3LU +DVDQ .DELUGLQ LV 3URSKHW DQG WKRVH ZKR GR QRW EHOLHYH WKLV KDYH ZDVWHG WKHLU KXPDQ $YWDU (ML $H JKDUQL XPHHG UDNKMR UH PXQLYDUR -DQ VXGKL MLYR WD Q VUHYD NDUMR VDDU 6DWJXUX +DVVDQVKDKH WDPQH D\ JKDU EDWDYLD\ 7H PDKDLQ VHQVR PD GKDUVKR ODJDDU &KHWR 0RPLQV DLP IRU WKDW UHOLJLRQ DQG VHUYH +LP WKH 2QH ZKR KDV EHHQ VKRZQ WR \RX E\ 3LU +DVDQ .DELUGLQ (ML 6DWJXUX +DVVDQVKDK ERROD WR WDPH EXOVKR -R WH QDU MLWLDD WR WDPQH YDGKDL\RRQ DDSDU %LMR JXUX VDQVDU QD WH VDWJUXUX WKL KLDQD 7DPH DD YDWQR UXNKMR YLFKDU &KHWR 1RW DFNQRZOHGJLQJ 3LU +DVDQ .DELUGLQ V WHDFKLQJ LV OLNH QRW DFNQRZOHGJLQJ OLIH DQG LI \RX GR DFNQRZOHGJH WKHQ \RXU KDSSLQHVV ZLOO EH LQILQLWH $OO WKH RWKHU *XUXV ZLOO QRW OHDG \RX WR WKH 5LJKW 3DWK VR WKLQN FDUHIXOO\ EHIRUH \RX IROORZ WKHP (ML $PDUR QDU WH ND\DP 0HKGL 6UL ,VODPVKDK -HQR DDM NDOMXJ VDQGKH FKH QDU QDNODQNLQR DYWDDU 7H QDU QH DPH RUNKLQH WDPRQH RUNKDYL\R $PDUH WDPUH MDYRRQ FKH WH QDU QDNODQNLQH GZDU &KHWR 0\ ,PDP LV 6KUL ,VODP 6KDK ZKR LV WKH &UHDWRU DQG KDYLQJ UHFRJQL]HG +LP , KDYH LQWURGXFHG +LP WR \RX IRU XOWLPDWHO\ ZH ZLOO DOO JR WR +LP (ML 1DU QDNODQNLQH VXNK WR DDSDQH VXNKL -R WHQH GXNK WR DDSDQH ND QDKL YLFKDU 7H PDWH PRPLQR VDWJXUX NDKH $H QDU QH VKDUDQH WH UDKHYRRQ QLUGKDU &KHWR %\ WU\LQJ WR LQIOLFW ZRUOGO\ VRUURZ RQ RXU ,PDP ZH DUH LQ UHDOLW\ LQIOLFWLQJ VRUURZ RQ RXUVHOYHV VR , UHTXHVW \RX 0RPLQV WR VWD\ DW ,PDP V IHHW DQG REH\ +LV )DUPDQV (ML 1LVFKH NDUL VLUHYR DOL DDSDQR $DSDQD QDU 6UL LVODPVKDK QR DYWDDU

KWWS ZZZ LVPDLOL QHW JUDQWKV FKHWZDQE KWPO

3DJH RI ZZZ UHDOSDWLGDU FRP PDLO#UHDOSDWLGDU FRP

0RPLQ &KHWDPDQL 6HULHV

020,1 &+(7$0$1, E\ 6<(' ,0$0 6+$+

3DJH RI

ZZZ Z UHDOSDWLGDU FRP PDLO#UHDOSDWLGDU F FRP $HQH DDJH DQHN MLY RGKDUL\D 7H DDSDQR DOL NDUVKH WH DDSDQL VDPEDU &KHWR

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

KWWS ZZZ LVPDLOL QHW JUDQWKV FKHWZDQE KWPO

3DJH RI ZZZ UHDOSDWLGDU FRP PDLO#UHDOSDWLGDU FRP

0RPLQ &KHWDPDQL 6HULHV

020,1 &+(7$0$1, E\ 6<(' ,0$0 6+$+

3DJH RI

ZZZ Z UHDOSDWLGDU FRP PDLO#UHDOSDWLGDU F FRP $H $OLMLQD FKDOWUD QR DQW QD SDDU &KHWR

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

KWWS ZZZ LVPDLOL QHW JUDQWKV FKHWZDQE KWPO

3DJH RI ZZZ UHDOSDWLGDU FRP PDLO#UHDOSDWLGDU FRP

0RPLQ &KHWDPDQL 6HULHV

020,1 &+(7$0$1, E\ 6<(' ,0$0 6+$+

3DJH RI

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

KWWS ZZZ LVPDLOL QHW JUDQWKV FKHWZDQE KWPO

3DJH RI ZZZ UHDOSDWLGDU FRP PDLO#UHDOSDWLGDU FRP

0RPLQ &KHWDPDQL 6HULHV

5HDO 3DWLGDU 0DLO 6HULHV $QDO\VLV RI 0RPLQ &KHWDPDQL E\ ,PDP 6KDK :\h\ bhe ^ IS \s\jW IpSh\ 3DJH RI

ZZZ Z UHDOSDWLGDU FRP DU FR DU FR FR RP PDLO#UHDOSDWLGDU F FRP 5HDO 3DWLGDU PDLO#UHDOSDWLGDU FRP!

6HULHV $QDO\VLV RI 0RPLQ &K KHWDPDQL E\ ,PDP 6KDK :\h\ bhe ^ IS \s\jW IpSh\hWjȵ 5k iaƦ_pcR 5HDO 3D DWLGDU PDLO#UHDOSDWLGDU FRP! 7R 5HDO 3DWLGDU PDLO#UHDOSDWLGDU FRP!

7XH -XO DWW $0 0

-XO 'HDU $OO 6\HG ,PDP 6KDK DOVR FDOOHG DV ,PDP 6KDK 0DKDUDM EDVHG LQ 3LUDQD ZURWH D JLQDQ FDOOHG ¦0RPLQ &KHWDPDQL§ WR EULHIO\ VXPPDUL]H RULJLQ RI VDWSDQWK LWV IXQGDPHQWDOV WK DYDWDU RI /RUG 9LVKQX DQG KLV OLQHDJH LPSRUWDQFH RI SD\LQJ 'DVRQG DQG ZDUQ &KHWDPDQL IpSh\hRj 6DWSDQWK IROORZHUV 0RPDQ 0RPQD 0XPQD \s\W \s\Wh \Ⱥk Wh RI WKH FRQVHTXHQFHV RI QRW IROORZLQJ KLV GLFWDWHV dq]U :\h\ bhe ȐWp :\h\ bhe \eh^hK Xj^hRh ah`h XR De°ah\h5 8ap Jp Spah dq]U :\h\ bhe ? ¦\s\jW IpSh\hWj§ Wh\Wj FjWhW ^ƍȻk Jp 5 Ȑ\h5 dSX5T V\½Wj ;ƗXiĂ SpWh Ⱥ l` Vhi\ D idćh5Ss 7Wp [FahW iaƧȰk Ws yx\s 7aSh^ _pWh^ STh SpWh ahƛdKsWh iac] X^ Ȭk D \h5 \h eSj Jp Sp\K UdsƛU ȵk V\½ 5 \h5 D°Nɀk 5 \eƗa Jp ? XR S\Wp 5 D° \s\W \s\Wh Ⱥk\Wh Wp IpSaSh d\Ĥbp 8 FjWhW ȵk dh^h5 5 b \h5 :\h\ bhe Zhah? XsShWh 7ȵk]h]s ?N_p 8Fhe V\D 8XSh ZShƥȻk Jp 5 D° Ks Spas dSX5T V\½ W e X`p 7Wp :\hWUh^ Tj UdsƛU W e 8Xp Sp\K Sp\Wh V\½ k5 Ȥkȿkȵ Y^\hW 8U° b Weӄ X`p Ss Sp\Wj Ƀk 5 7VsFiS T9 Kbp 6LQFH WKH *LQDQ LV KXJH DQG DERXW YHUVHV DQG FRYHUV PRUH WKDQ SDJHV ZKLFK GLVFRXUDJHV RUGLQDU\ SHRSOH IURP UHDGLQJ LW , KDYH PDNH D VKRUW DQDO\VLV RI LW IRU HYHU\ERG\ V TXLFN XQGHUVWDQGLQJ 7KH ZKROH *LQDQ DQG LWV DQDO\VLV DUH DWWDFKHG KHUHZLWK 8 FjWhW ZɆk \sȬk 5 Jp 7Wp Sp\h5 ~{x D_\h Jp 7Wp |x ȤkK^hSj Tj aȴk XhWhȵk Jp 5 Ȑ Tj dhVh^R _sDs 8 FjWhW 5 ah5IahTj 7Ið ?N_h \hN° \Ҫ 8 FjWhȵk Ȭk 5 5D\h5 iaƦ_pcR DȻk ¿ Jp Ȑ Tj _sDsWp d\Kah\h5 8dhWj ^e° 8ȣk FjWhW k5 7Wp Spȵ iaƦ_p cR 8 HPDLO dhTp KsP°ɀ k5 Jp +RSH \RX ZLOO DSSUHFLDWH DQG OLNH WKH DQDO\VLV 8bh Jp S\p 8 iaƦ_pcR ah5Ibs 7Wp S\Wp F\bp 5HDO 3DWLGDU DWWDFKPHQWV $QDO\VLV RI 0RPLQ &KHWDPDQL (QJOLVK SGII . 0RPLQ &KHWDPDQL (QJOLVK SGI . $QDO\VLV RI 0RPLQ &KHWDPDQL *XMDUDWL SGI . 0RPLQ &KHWDPDQL *XMDUDWL SGI .

KWWSV PDLO JRRJOH FRP D UHDOSDWLGDU FRP "XL LN GH G YLHZ SW VHDUFK LQER[ PVJ D H G EG D GVTW

-XO

3DJH RI ZZZ UHDOSDWLGDU FRP PDLO#UHDOSDWLGDU FRP

0RPLQ &KHWDPDQL 6HULHV \s\jW IpSh\Rjȵk iaƦ_p 5 cR ^ĞƌŝĞƐ ϭϲ

WLGDU FRP :\h\ bhe Ďh^h ^ IS FjWhW ՟\s\jW IpSh\Rjՠ ȵ 5k iaƦ_pcR :\h cR#UHDOSDW

UUHDOSDWLGDU FRP

;^ŽƵƌĐĞ͗ ŚƚƚƉ͗ͬͬǁǁǁ͘ŝƐŵĂŝůŝ͘ŶĞƚͬŐƌĂŶƚŚƐͬĐŚĞƚǁĂŶď͘Śƚŵů 7Wp ̒j 7 E_iaĖ dSX5Tj V\ ] d5G Ďh^h ̆DhibS X5I\ apU ʹ^ĞĞ ĂƚƚĂĐŚŵĞŶƚͿ

ȶ la½ȹ li\Dh͗ dq]U :\h\ bhe ȐWp :\h\ bhe \eh^hK Xj^hRh ah`h XR De°ah\h5 8ap Jp Spah dq]U :\h\ bhe ? ՟\s\jW IpSh\hWjՠ Wh\Wj FjWhW ^ƍȻk 5 Jp Ȑ\h5 dSX5T V\½Wj ;ƗXiĂ SpWh Ⱥ l` Vhi\ D idćh5Ss 7Wp [FahW iaƧȰk Ws yx\s 7aSh^ _pWh^ STh SpWh ahƛdKsWh iac] X^ ȬkD \h5 \h eSj Jp Sp\K UdsƛU ȵk V\½ 5 \h5 D°Nɀk 5 \eƗa Jp ? XR S\Wp d\Ĥbp 8 FjWhW ȵk 5 dh^h5b \h5 :\h\ bhe Zhah? XsShWh 7ȵk]h]s 5 ?N_p D° \s\Wͬ\s\Wh Ⱥk\Wh Wp IpSaSh 8Fhe V\D 8XSh ZShƥȻk 5 Jp D° Ks Spas dSX5T V\½ W e X`p 7Wp :\hWUh^ Tj UdsƛU W e 8Xp Sp\K Sp\Wh V\½ Ȥkȿkȵ k 5 Y^\hW 8U° b Weӄ X`p Ss Sp\Wj Ƀk 5 7VsFiS T9 Kbp

\s\jW IpSh\hWj Wp Dhƥ] ĮX\h5 _Eah\h5 8ƥȻk 5 Jp Ȑ\h5 ~{x Dƣ\hB Jp 8 FjWhW ȤkK^hSj [hch\h5 ^Iah\h5 8ap_ Jp ȶ lȿk5 FjWhW 8 dhTp WjIp KsP°ɀ k5 Jp

Ⱥk\Wh dSX5T V\½Wh 7ȵk]h]sWp ՟Ⱥk\Whՠ De°ah\h 8ap Jp ՟dq]Uՠ ?ah _sDsWp De°ah\h5 8ap Jp D° Ȑas :\h\ 7_j 9ƨ_h\ V\½Wh ƨThXD \seƠ\U XqFƠZ^ Wh K\h: Wh a5bKs es] ՟dq]Uՠ Wp Uµ aj 7Wp ̒pƧO FRah\h5 8ap Jp 7Wp ȺkƠWhB? dq]hUsȵk Y^\hW 8U° 5 b Xh`ɂk Z5 5 VWDSh½ ^e°bp 7Wp 8U° bȵk Xh_W 5 D^Sj aESp dq]Us X^ Ds: ĤS Wj b5Dh Wp dah_ Dh]½ aF^ ȧkXIhX 7Wp :\hWUh^ Tj Xh_W D^ahȵk 5 es] Jp dSX5T V\½ \h5 daҴJ V\½ Ȥkȿk Xj^ Wp :\h\ De°ah\h5 8ap Jp

UdsƛU UdsƛU ?N_p ahic D 8aD Wh yx :\h\Wp 8Xɂk 7Wp 5 z } Xj^ Wp UhW 8Xahȵk es] Jp 5 8 ^D\ 8XSj aESp Ds: XR ĤS Wh dah_ D° b5Dh D^aj Weӄ

ia[hF ^ĞĐƚŝŽŶͿ 8 FjWhW\h5 Wh ̆Ɨ]ë 7Wp X^së d5U°bWp dh^ ^ Sp d\Kah \hN° 8XRWp 8 FjWhWWp ?aj ^ Sp ia[hĥSD^ Wp ah5Iɂk XPbp 5 Ȑ Tj SpRp de°_h: Tj d\ĥ bD ? ?N_h\hN° 8 FjWhWWp [hF\h5 ia[hĥS D^ Wp ?D ?D [hF\h5 KRhap_ ȺkƉ] d5U°bs S\h^ dh\p ȺkD b

8 KƊ]h Eh_j ȺkDah\h5 8aj Jp

ǁǁǁ͘ƌĞĂůƉĂƚŝĚĂƌ͘ĐŽŵ ŚƚƚƉ͗ͬͬŝƐƐƵƵ͘ĐŽŵͬƉĂƚŝĚĂƌ

ŵĂŝůΛƌĞĂůƉĂƚŝĚĂƌ͘ĐŽŵ

WĂŐĞ ϭ ŽĨ ϭϲ

3DJH RI ZZZ UHDOSDWLGDU FRP PDLO#UHDOSDWLGDU FRP

0RPLQ &KHWDPDQL 6HULHV \s\jW IpSh\Rjȵk iaƦ_p 5 cR ^ĞƌŝĞƐ ϭϲ

ZZZ UHDOSDWLGDU FRP HDOSDWLGDU FRP H DOSDWLGDU FRP PDLO#UHDOSDWLG PDLO#UHDOSDWL PDLO#UHDOSDWLGDU FRP G

\s\W IpSh\hWj Wh ia[hF

^ĞĐƚŝŽŶ ;D_\h d5Ɖ]h dhTp

^ƵŵŵĂƌǇ d5U°b

ϭ͘ dSX5T Wj ;ƗXiĂ 7Wp SpWh Ⱥ l` dSX5T V\½Wj ;ƗXiĂ 7Wp e ȳk V\½ dhTp Spȵ k 5 KsPhR Ȑ\ D° eL^S 7_j Wp [FahW iaƧȰk

8Vh^s ;ϭ ƚŽ ϳϲͿ

Ws 7aSh^ ZShɂk 5

Ϯ͘ eL^S ȺkȱL ½ k h 7_j Sp\Wh ahƛdKs \seƠ\U XqFƠZ^ ? [FahWW ̈ěh Ws

:\h\ \seƠ\U XqFƠZ^ e ȳk U° as 7aSh^ Jp eL^S 7_j ? 7ƣ_he Jp 7Wp

7Wp 9ƨ_h\ ;ϳϳ ƚŽ ϭϬϬͿ

U_ U_ GsPh X^ ZdjWp 8abp

ϯ͘ ZjZj YhiS\h \seƠ\U XqFZ 5 ^Wj 8Č b ƈS ZjZj YhiS\h ? ȺkȱL ½ k h 7_j U D^ 7Wp eL^S 7_j ȺkȱL ½ k h 7_j dhTp _ƊW D^° Jp Sp d\]Wj GNWhB

Wh _ƊW ;ϭϬϭ ƚŽ ϭϮϮͿ

ϰ͘ ZjZj YhiS\hWh | WsD^s ;ϭϮϯ ƚŽ ϭϱϵͿ

WjƦƨahT± :\h\ ӔU Xj^Wj Ds: XR ĤSWj bD Ȣk bDh D]h½ ajRh dpah D^aj

ϱ͘ e ȳk V\½Wh | ȩk F dhTp dSX5T V\½ȵ k 5 dSX5T V\½Wh ?D :_\j V\½ Jp ?Wh ȶk^has KsPhR ;ϭϲϬ ƚŽ ϭϵϵͿ

Ȣk ^hW \h5 XR \`bp

ϲ͘ Xj^ bƠd Wj ahSh½ B ;ϮϬϬ ƚŽ ϯϴϭͿ

Xj^ bƠd 7Wp SpWh De°ahSh I\ƗDh^s

ϳ͘ Xj^ WdjȿkĆ W Wj ahSh½ B ;ϯϴϮ ƚŽ ϯϵϮͿ

aS½\hW :\h\ Wp dpah D^aj

ϴ͘ Xj^ dȳm Ć W Wj ahSh½ B ;ϯϵϯ ƚŽ ϰϯϳͿ

\së FiS \hN° UdsƛU 8Ɯ]h aF^ ĠNDh^s WTj

ϵ͘ Xj^ edW DZjȿkĆ W Wj ahSh½ B ;ϰϯϴ ƚŽ ?D XƗWj XsShWh XiSWj Ȑ\ WjƦƨahT½ [ha ϲϯϬͿ Tj dpah D^Sj es] Sp\ :\h\ Wj dpah D^s 8 KƊ]h Eh_j ȺkDah\h5 8aj Jp

ǁǁǁ͘ƌĞĂůƉĂƚŝĚĂƌ͘ĐŽŵ ŚƚƚƉ͗ͬͬŝƐƐƵƵ͘ĐŽŵͬƉĂƚŝĚĂƌ

ŵĂŝůΛƌĞĂůƉĂƚŝĚĂƌ͘ĐŽŵ

WĂŐĞ Ϯ ŽĨ ϭϲ

3DJH RI ZZZ UHDOSDWLGDU FRP PDLO#UHDOSDWLGDU FRP

0RPLQ &KHWDPDQL 6HULHV \s\jW IpSh\Rjȵk iaƦ_p 5 cR ^ĞƌŝĞƐ ϭϲ

ZZZ UHDOSDWLGDU FRP UHDOSDWLGDU FRP UHDOSDWLGDU FRP PDLO#UH PDLO#UHDOSDWLGDU FRP H

[hF y dSX5T Wj ;ƗXiĂ 7Wp SpWh Ⱥ l` 8Vh^s ;ϭ ƚŽ ϳϲͿ͗

d5U°b y͗

D_\h W5͗ ϭϮ͕ ϭϱ͕ Ϯϳ͕ Ϯϴ͕ Ϯϵ͕ ϯϬ͕ ϯϰ͕ ϯϱ͕ ϱϯ͕ ϲϰ͕ ϲϳ UdsƛU Wh iac] X^ Jp

d5U°b͗

Ds: XR eh_\h5 Ds: XR D \Sp UdsƛU 8Xs d5U°b z͗

D_\h͗

ϭͿ

ϮͿ

d5U°b͗ 8 FjWhW ?D V\D Tj Ƀkȿk Th] Jp ?\ ?\ _ȣk Jp 5 D° Ks S\p dSȤkȿk Wj ahS W e d5[h`s Ss S\p djVh W^D\h5 Kbs ? aES Wh dh\hƛ] \hRd Ȑ F^ Z 7ìhWj iWƧb5D 7Wp _hIh^ eSh G[^h: Wp 8Ws ibDh^ ZWj bD° Sp\ Jp

d5U°b {͗

D_\h͗

ǁǁǁ͘ƌĞĂůƉĂƚŝĚĂƌ͘ĐŽŵ ŚƚƚƉ͗ͬͬŝƐƐƵƵ͘ĐŽŵͬƉĂƚŝĚĂƌ

ŵĂŝůΛƌĞĂůƉĂƚŝĚĂƌ͘ĐŽŵ

WĂŐĞ ϯ ŽĨ ϭϲ

3DJH RI ZZZ UHDOSDWLGDU FRP PDLO#UHDOSDWLGDU FRP

0RPLQ &KHWDPDQL 6HULHV \s\jW IpSh\Rjȵk iaƦ_p 5 cR ^ĞƌŝĞƐ ϭϲ

DU FR FRP PDL FR DLO#U O# # HDOSDWWLG LGDU FRP ZZZ UHDOSDWLGD

ϳ͘

ϭϬ͘ ϭϴ Ϯϴ͘ ϯϬ͘

ϯϰ͘ ϱϴ͘

d5U°b͗

x Ȣk ^hW 7Wp dSX5T Wj ;ƗXiĂ ՟ȵ l^ՠ ;7E5P Ԍ]sS Tj T9 Jp ?N_p dSX5T ?D Ⱥkd_\hW V\½ Jp x \së \p`aah \hN° ^hSWh ȶ lĤ D^s͘ x ̈ěh iaƧȰk 7Wp \e°b ?DK Jp 7Wp 7_j Wh a5b\h5 V^Sj X^ XVh^bp x UdsƛU 8Ɯ]h aF^ \së \`bp Weӄ x UhdsW 8Ɯ]h aF^ S\Wp bh5iS \`bp Weӄ x dhIh Ȥkȿk ?N_p dSX5T V\½Wh Ȥkȿk ?N_p :\h\ Wp UdsƛU 8Xɂk 5 x S\p F^ Z es Ehah Xqdh Wh es] Ss XR UdsƛU 8Xɂk͘ 5 8 KƊ]h Eh_j ȺkDah\h5 8aj Jp

ǁǁǁ͘ƌĞĂůƉĂƚŝĚĂƌ͘ĐŽŵ ŚƚƚƉ͗ͬͬŝƐƐƵƵ͘ĐŽŵͬƉĂƚŝĚĂƌ

ŵĂŝůΛƌĞĂůƉĂƚŝĚĂƌ͘ĐŽŵ

WĂŐĞ ϰ ŽĨ ϭϲ

3DJH RI ZZZ UHDOSDWLGDU FRP PDLO#UHDOSDWLGDU FRP

0RPLQ &KHWDPDQL 6HULHV \s\jW IpSh\Rjȵk iaƦ_p 5 cR ^ĞƌŝĞƐ ϭϲ

dUb |͗ d5U°b |

ZZZ UHDOSDWLGDU FRP GDU FRP PDLO#UHDOSDWLGDU FRP

D_\h͗

ϳϮ͘

ϳϯ͘ ϳϲ͘

d5U°b͗

x e ȳk Vhi\ D SƗas Ȑ\ D° ̈ěh iaƧȰk 7Wp \e°b Wp dSX5T \h5 8a^ _pah\h5 8ƥ]h Jp x \se\U XqFƠZ^ Wp ̈ěh ZShah\h5 8ƥ]h Jp x eL^S 7_j Wp [FahW iaƧȰk ZShah\h5 8ƥ]h Jp x K]h^° dSX5TjB ̈ěh Zs_p Ɨ]h^° SpWs \S_Z dSX5TjB \hN° \seƠ\U XqFƠZ^ Jp 7Wp K]h^° iaƧȰk De° Ɨ]h^° SpWs \S_Z eL^S 7_j Th] Jp

8 KƊ]h Eh_j ȺkDah\h5 8aj Jp

ǁǁǁ͘ƌĞĂůƉĂƚŝĚĂƌ͘ĐŽŵ ŚƚƚƉ͗ͬͬŝƐƐƵƵ͘ĐŽŵͬƉĂƚŝĚĂƌ

ŵĂŝůΛƌĞĂůƉĂƚŝĚĂƌ͘ĐŽŵ

WĂŐĞ ϱ ŽĨ ϭϲ

3DJH RI ZZZ UHDOSDWLGDU FRP PDLO#UHDOSDWLGDU FRP

0RPLQ &KHWDPDQL 6HULHV \s\jW IpSh\Rjȵk iaƦ_p 5 cR ^ĞƌŝĞƐ ϭϲ

ZZZ UHDOSDWLGDU FRP Z UHDOSDWLGDU FRP Z UHDOSDWLGDU FRP PDLO#UHDOS PDLO#UHDOSDWLGDU FRP S

k L [hF z eL^S Ⱥȱ ½ k h 7_j Sp\Wh ahƛdKs :\h\ \seƠ\U XqFƠZ^ e ȳk U° as 7Wp 9ƨ_h\ ;ϳϳ ƚŽ ϭϬϬͿ͗

D_\h͗

ϳϳ͘ ϳϵ͘ ϴϴ͘ ϵϲ ϵϵ͘ ϭϬϬ͘

d5U°b͗ x [FahW ̈ěh ?K \seƠ\U XqFƠZ^ Jp ȐRp dhIs V\½ ZShƥ]s Jp x eL^S 7_j ? 7ƣ_he Jp 7Wp 8 ahS dh\p Ds:? XR dah_ D^as Weӄ x eL^S 7_j ? 9ƨ_h\ V\½ 8ƜȻk 5 7Wp U_ U_ GsPh X^ ZdjWp S_ah^ _:Wp 8abp x _sDs 9ƨ_h\ V\½ \h5 aN_hbp 7Wp Ds: XR e ȳk W e ZIp

ǁǁǁ͘ƌĞĂůƉĂƚŝĚĂƌ͘ĐŽŵ ŚƚƚƉ͗ͬͬŝƐƐƵƵ͘ĐŽŵͬƉĂƚŝĚĂƌ

ŵĂŝůΛƌĞĂůƉĂƚŝĚĂƌ͘ĐŽŵ

WĂŐĞ ϲ ŽĨ ϭϲ

3DJH RI ZZZ UHDOSDWLGDU FRP PDLO#UHDOSDWLGDU FRP

0RPLQ &KHWDPDQL 6HULHV \s\jW IpSh\Rjȵk iaƦ_p 5 cR ^ĞƌŝĞƐ ϭϲ

ZZZ UHDOSDWLGDU FRP PDLO#UHDOSDWLGDU FRP

[hF { ZjZj YhiS\h \seƠ\U XqFZ 5 ^Wj U D^ 7Wp eL^S 7_j ȺkȱL ½ k h 7_j Wh _ƊW ;ϭϬϭ ƚŽ ϭϮϮͿ͗

D_\h͗

EĂďŝ DƵŚĂŵŵĞĚ ŝƐ ƚŚĞ ƌŝŐŚƚ ƌĂŚŵĂ ĂŶĚ ŚŝƐ ĚĂƵŐŚƚĞƌ ŝƐ ŝďŝ &ĂƚŝŵĂ͘ dŚŝƐ ǁŽƌƌŝĞĚ ƚŚĞ WƌŽƉŚĞƚ Ͳ ǁŚŽ ǁŽƵůĚ ŵĂƌƌǇ ŚŝƐ ĚĂƵŐŚƚĞƌ͍ ϭϭϳ͘ DŽŵŝŶƐ͕ ůŝ ĂŶĚ DƵŚĂŵŵĞĚ ĂƌĞ ŽŶĞ͘ /ƚ ŝƐ ůŝŬĞ ĚŝĨĨĞƌĞŶƚ ĂƚƚƌŝďƵƚĞƐ ŽĨ 'ŽĚ ĂƐ ŽŶĞ ǁŚŽ ǁŽƵůĚ ĐŽŵƉĂƌĞ ůŝ ƚŽ sŝƐŚŶƵ ĂŶĚ DƵŚĂŵŵĞĚ ƚŽ ƌĂŚŵĂ͘ ϭϮϮ͘ ,ĂǌƌĂƚ ůŝ ƚŚƵƐ ŵĂƌƌŝĞĚ ŝďŝ &ĂƚŝŵĂ͕ ƚŚĞ WƌŽƉŚĞƚΖƐ ĚĂƵŐŚƚĞƌ͕ ĂŶĚ ƚŚĞ WƌŽƉŚĞƚ ŐĂǀĞ ŚĞƌ Ă ĚŽǁƌǇ ŽĨ ĨŽƵƌ ƐĞƌǀĂŶƚƐ͘

d5U°b͗ x ZjZj YhiS\h ;8Č b ƈS ? \seƠ\U XqFƠZ^ WZj Wj U D^ Jp x eL^S 7_j ? [FahW iaƧȰk Jp 7Wp \seƠ\U [FahW ̈ěh x ZjZj YhiS\h ;8Č b ƈSͿ ? eL^S 7_j dhTp _ƊW D]h½ 8 KƊ]h Eh_j ȺkDah\h5 8aj Jp

ǁǁǁ͘ƌĞĂůƉĂƚŝĚĂƌ͘ĐŽŵ ŚƚƚƉ͗ͬͬŝƐƐƵƵ͘ĐŽŵͬƉĂƚŝĚĂƌ

ŵĂŝůΛƌĞĂůƉĂƚŝĚĂƌ͘ĐŽŵ

WĂŐĞ ϳ ŽĨ ϭϲ

3DJH RI ZZZ UHDOSDWLGDU FRP PDLO#UHDOSDWLGDU FRP

0RPLQ &KHWDPDQL 6HULHV \s\jW IpSh\Rjȵk iaƦ_p 5 cR ^ĞƌŝĞƐ ϭϲ

ZZZ UHDOSDWLGDU FRP GDU FRP G DU FRP PDLO#UHDOS PDLO#UHDOSDWLGDU FRP

[hF | ZjZj YhiS\hWh | WsD^s ;ϭϮϯ ƚŽ ϭϱϵͿ͗

d5U°b y

D_\h͗ W5 Wh D_\h UdsƛU Wh Zh^h\h5 Jp d5U°b͗ Ds: XR [sFp UdsƛU 8Xahȵk Jp 5

d5U°b z͗

D_\h5͗

ϭϯϴ͘ ϭϰϯ͘ ϭϰϳ͘ ϭϰϵ͘ ϭϱϳ͘

d5U°b͗ x 7_j 7Wp ZjZj YhiS\hWj 8Ej KӄUFj WjƦƨahT± dpah D^s x Ks S\p ?\ D^bs Ss S\h^ ̆FiS Tbp x XR Sp\ JSh5] UdsƛU Ss 8XajK XPbp x S\p 7Wp S\h^h d5ShWs Ⱥkd_\hW ZWj Kbs

ǁǁǁ͘ƌĞĂůƉĂƚŝĚĂƌ͘ĐŽŵ ŚƚƚƉ͗ͬͬŝƐƐƵƵ͘ĐŽŵͬƉĂƚŝĚĂƌ

ŵĂŝůΛƌĞĂůƉĂƚŝĚĂƌ͘ĐŽŵ

WĂŐĞ ϴ ŽĨ ϭϲ

3DJH RI ZZZ UHDOSDWLGDU FRP PDLO#UHDOSDWLGDU FRP

0RPLQ &KHWDPDQL 6HULHV \s\jW IpSh\Rjȵk iaƦ_p 5 cR ^ĞƌŝĞƐ ϭϲ

k5 k5 xx ZjĤW D Vh aF^ Jhȵk ȵ \hȵk ȵk ȵ \hȵ ȵ 8 V\½ ȵk ɂ bh \hN° ɂk ɂ bh \hN esɂk ɂ Ks:?! S\p ɂk ɂ Ks:?! S\ \PDLO#UHDOSDWLGDU FRP ZjĤWp D Vh aF^ Jhȵk 5 ȵ 8 V\W Xh`Ks 8ɂ Wp Xh`Ks 8ɂk esɂk 5 ZZZ UHDOSDWLGDU FRP d\KKs

[hF } e ȳk V\½Wh | ȩkF dhTp dSX5T V\½ȵ 5k KsPhR ;ϭϲϬ ƚŽ ϭϵϵͿ͗ d5U°b y͗

D_\h͗

ϭϲϬ͘ ϭϲϭ͘ ϭϲϮ͘

d5U°b͗

x ȺkƠWhB? eL^S 7_jWh a5bKsWj dpah D^ahWj ^e°bp x dSX5T V\½ Wh ȶk^hah Ȣk^hW \h5 \`bp d5U°b z͗

D_\h͗ ϭϲϲ͕ ϭϲϳ͕ ϭϲϴ͕ ϭϲϵ Ͳ | ȩk F ȻkF \h5 D° N_h _sDs Wp D^sPs _sDsWp \së \ƤȻk 7Wp 5 Sp\Wh Ȥkȿk DsR eSh ϭϳϭ ƚŽ ϭϳϲ ʹDSh½ ȻkF ʹy ɀk 5 ȻkF ʹ^hĤ ̆e_hU Wj ahSh½ ϭϳϳ ƚŽ ϭϴϯ ʹ́pSh ȻkF ʹz ȩk Ȼk 5 F ʹ^hĤ e ^Ĕ5̃ 7Wp ^h\ Wj ahSh½ 5 F ʹXh5Pas 7Wp [FahW ȢmƧR Wj ahSh½ ϭϴϰ ƚŽ ϭϵϮ ʹĎhX^ ȻkF ʹ{ ȩk Ȼk

ϭϵϰ ƚŽϭϵϵ ʹD_j ȻkF ʹ| Ȳk 7Wp 5 Jp ɀ k5 ȻkF ʹ:\h\ 7_j 7Wp \seƠ\U XqFƠZ^ Wj ahSh½

d5U°b͗ x | Th ȩkF\h5 ?N_p D° aS½\hW ȩkF ȻkF \h5 :\h\ 7_j K [FahW Jp ?N_p S\p SpWj ȶ lĤ D^Ks

ǁǁǁ͘ƌĞĂůƉĂƚŝĚĂƌ͘ĐŽŵ ŚƚƚƉ͗ͬͬŝƐƐƵƵ͘ĐŽŵͬƉĂƚŝĚĂƌ

ŵĂŝůΛƌĞĂůƉĂƚŝĚĂƌ͘ĐŽŵ

WĂŐĞ ϵ ŽĨ ϭϲ

3DJH RI ZZZ UHDOSDWLGDU FRP PDLO#UHDOSDWLGDU FRP

0RPLQ &KHWDPDQL 6HULHV \s\jW IpSh\Rjȵk iaƦ_p 5 cR ^ĞƌŝĞƐ ϭϲ

ZZZ UHDOSDWLGDU FRP DU FRP D U FRP PDLO#UHDOSDWW PDLO#UHDOSDWLGDU FRP

[hF ~ Xj^ bƠd Wj ahSh½B ;ϮϬϬ ƚŽ ϯϴϭͿ͗

Xj^ d_hͰU W Xj^ bƠdWh iXSh eSh 7Wp Spas ƨaF½ Tj 8ƥ]h eSh 7Wp XhNR \h5 aƨ]h eSh Sp\Wp XhNRWh ^hĤWp aN_hƥ]h eSh 7Wp Sp\Wj U D^ dhTp _ƊW D]h½ eSh Spas 7_jWh aƛdhK Jp ?\ 7eӄ De°ah\h5 8ƥȻk 5 Jp D_\h

ϮϬϳ͕ ϮϬϴ͕ ϮϬϵ͕ ϯϲϬ͕ ϯϲϭ͕ ϯϳϵ ʹ\së \hN° Ds: XR D \Sp UdsƛU 8Xs Ă͘ DhF`ȵk 5 Wha Wj ahSh½ ;Ϯϭϴ ƚŽ ϮϱϯͿ

8 ahSh½\h5͕ Xj^ bƠd? ?D DhF`Wj Wha ZWhaj 7Wp Sp\h5 dp^ D^ah WjDƤ]h

ď͘ ȳl V ĭ_ 7Wp Lp^ Wj ahSh½ ;Ϯϱϰ ƚŽ 8 ahSh½\h5 Xj^ bƠd? Lp^ ahį5 ȳl V XhĠ \sD_hƥȻk 5 ϮϳϬͿ Đ͘ Ⱥ mSD JsD^hWp ĥaSs D]Ҵ ;Ϯϳϭ ƚŽ 8 ahSh½\h5 ?D Ⱥ mSD JsD^hWp ȶkW6ĥiaS D]Ҵ ϮϵϬͿ Ě͘ Ʌk] ½ 7Wp I5̃ Wp V^Sj X^ _hƥ]h ;Ϯϵϭ 8 ahSh½\h5 Ʌk] ½ Wp I5̃ Xj^ bƠd Wh :bh^h X^ Ih_Sh ƚŽ ϯϱϲ

es] ?\ ZShah\h5 8ƥȻk 5 Jp

Ğ͘ 7ƣ_he Wp \hWs 7Wp UdsƛU 8Xs 8 ahSh½ \h5 dSX5TjB Wp ǁĂƌŶŝŶŐ 8Xah\h5 8aj Jp D° ;ϯϱϳ ƚŽ ϯϴϭͿ Spas? 7ƣ_he Wp \hWɂk 5 7Wp UdsƛU :\hWUh^ Tj Ds: XR d5KsFs 7Wp eh_ \h5 8Xɂk Weӄ S^ Sp 5 R p \së Weӄ \`p

d5U°b͗ ;X^ KRhap_ Xj^ bƠdWj aSҴ\h5 ?D d5U°b IsEs Jp Ȑ ?\ Jp D° dSX5T V\½Wp Ds: XR ĤS Wh dah_ b5Dh D]h½ aF^ 8XWhas 7Wp 7ƣ_he 7Wp Ȣk ^hW Wp \hWs Weӄ S^ iaIh^ _pKs P^haWh 7Wp \hWah\h5 W 8aSh UhE_hB 8XjWp _sDsWp G[^ah D° Ks S\p dSX5T V\½ X^ b5Dh D^bs D° UdsƛU Weӄ 8Xs Ss S\h^ 7VsFiS Tbp

8 KƊ]h Eh_j ȺkDah\h5 8aj Jp

ǁǁǁ͘ƌĞĂůƉĂƚŝĚĂƌ͘ĐŽŵ ŚƚƚƉ͗ͬͬŝƐƐƵƵ͘ĐŽŵͬƉĂƚŝĚĂƌ

ŵĂŝůΛƌĞĂůƉĂƚŝĚĂƌ͘ĐŽŵ

WĂŐĞ ϭϬ ŽĨ ϭϲ

3DJH RI ZZZ UHDOSDWLGDU FRP PDLO#UHDOSDWLGDU FRP

0RPLQ &KHWDPDQL 6HULHV \s\jW IpSh\Rjȵk iaƦ_p 5 cR ^ĞƌŝĞƐ ϭϲ

ZZZ UHDOSDWLGDU FRP DWLGDU FRP D WLGDU FRP PDLO#UHD PDLO#UHDOSDWLGDU FRP D

[hF Xj^ WdjȿkĆ W Wj ahSh½ B;ϯϴϮ ƚŽ ϯϵϮͿ͗

x Xj^ Wdjȿk Ć W Xj^ bƠd Wh ȶḱ ? XR Xj^ bƠdWj Ȑ\ V\½Ws ̆Ih^ D]Ҵ x aS½\hW :\h\ Wp Spas? B`Ɖ]h͘ ;͞:\h\͟ ?N_p D° eL^S 7_jWs 7aSh^ - De°ah\h5 8aSs [FahW iaƧȰk Ws yx\s 7aSh^

x ?Wh eĤ^s _sDsWp 9ƨ_h\ S^Y ah`]h

[hF Xj^ dȳmĆ W Wj ahSh½B ;ϯϵϯ ƚŽ ϰϯϳͿ͗ dSX5T V\½Wh ƨThXD Xj^ dȳm Ć W eSh Sp\Wh 8 V\½Wp ՟dSX5Tՠ Wh\ 8ƜȻk 5 7Wp dSX5T V\½Wh 7ȵk]h]sWp 5 ՟Ⱥk\Whՠ Wh\ 8ƜȻk 5

D_\h͗

ϰϬϯ͘ ϰϭϮ͘ ϰϭϯ͘

ǁǁǁ͘ƌĞĂůƉĂƚŝĚĂƌ͘ĐŽŵ ŚƚƚƉ͗ͬͬŝƐƐƵƵ͘ĐŽŵͬƉĂƚŝĚĂƌ

ŵĂŝůΛƌĞĂůƉĂƚŝĚĂƌ͘ĐŽŵ

WĂŐĞ ϭϭ ŽĨ ϭϲ

3DJH RI ZZZ UHDOSDWLGDU FRP PDLO#UHDOSDWLGDU FRP

0RPLQ &KHWDPDQL 6HULHV \s\jW IpSh\Rjȵk iaƦ_p 5 cR ^ĞƌŝĞƐ ϭϲ

ϰϮϳ͘

dŚŽƐĞ ǁŚŽ ŚĂǀĞ ƐĞĐŽŶĚ ĚŽƵďƚƐ ǁŚŝůƐƚ ŐŝǀŝŶŐ ĂƐŽŶĚ ĂŶĚ ŐĞƚ ĂƚƚĂĐŚĞĚ ƚŽ ƚŚĞŝƌ ǁŽƌůĚůǇ

ZZZ UHDOSDWLGDU FRP ƉŽƐƐĞƐƐŝŽŶƐ ĨŝŶĚ ƚŚĞŵƐĞůǀĞƐ ŝŶ ƚŚĞ ĐŽŵƉĂŶǇ ŽĨ ƵŶƚƌƵĞ ŐƵƌƵƐ ǁŚŽ ĚŽŶΖƚ ĞǀĞŶ ŬŶŽǁ ŚŽPDLO#UHDOSDWLGDU FRP ǁ ƚŽ ĐŽƌƌĞĐƚ ƉŽƐƐĞƐƐŝŽŶƐ͕ ĨŝŶĚ ƚŚĞŵƐĞůǀĞƐ ŝŶ ƚŚĞ ĐŽŵƉĂŶǇ ŽĨ ƵŶƚƌƵĞ ŐƵƌƵƐ ǁŚŽ ĚŽŶΖƚ ĞǀĞŶ ŬŶŽǁ ŚŽǁ ƚŽ ĐŽƌƌĞĐƚ

ϰϮϵ͘ ϰϯϬ͘ ϰϯϭ͘

ƚŚĞŝƌ ŽǁŶ ǁƌŽŶŐƐ͘ ůů ƚŚĞ ŽƚŚĞƌ ƌĞůŝŐŝŽŶƐ ǁŝůů ůĞĂĚ ǇŽƵ ƚŽ ŚĞĂǀĞŶ ďƵƚ ŝƚ ŝƐ ŽŶůǇ ^ĂƚƉĂŶƚŚ ƚŚĂƚ ǁŝůů ůĞĂĚ ǇŽƵ ƚŽ ƚŚĞ ĞƚĞƌŶĂů ŚĞĂǀĞŶ ; ŵƌĂƉƵƌŝͿ͘ dŚĞ ϭϮ <ĂƌŽƌ ǁŚŽ ĂĐŚŝĞǀĞĚ ƐĂůǀĂƚŝŽŶ ǁĞƌĞ ƚƌƵĞ ĂƐŽŶĚŝ ĂŶĚ ƚŚĞǇ ŶĞǀĞƌ ĂƚĞ ďĞĨŽƌĞ ƉĂǇŝŶŐ ĂƐŽŶĚ͘ dŚĞǇ ŽďĞǇĞĚ /ŵĂŵΖƐ &ĂƌŵĂŶƐ ĂŶĚ ƌĞĐŽŐŶŝǌĞĚ ,ŝŵ ĂƐ 'ŽĚ DĂŶŝĨĞƐƚ͘ dŚĞ ƉƌĞƐĞŶƚ /ŵĂŵ ďůĞƐƐĞĚ ƚŚĞŵ ĂŶĚ ƚŚĞǇ ŶĞǀĞƌ ůŽŽŬĞĚ ĞůƐĞǁŚĞƌĞ ĨŽƌ ŐƵŝĚĂŶĐĞ͘

d5U°b͗ ;X^ KRhap_ D_\h \h5 Zp d5U°bs ĤRah \`p Jp

ŝ͘

Ds: XR d5KsFs\h5 7Wp Ds: XR D \Sp UdsƛU 8Xɂk \së \p 5 `aah \hN° Y^ĥ]hS Jp

ŝŝ͘

:\h\Wh Y^\hW 8U° b ȵk ȧk 5 ƨS ^ Sp Ds: XR b5Dh D° ̆ĕ D]h½ aF^ Xh_W D^ɂk 5

ŝŝŝ͘

dSX5T V\½ Wh Zh^h\h5 Ds: 7ƛ] _sDs Xhdp \h eSj \`aaj W e d\ĥ _pKs bh \hN°

8 KƊ]h Eh_j ȺkDah\h5 8aj Jp

ǁǁǁ͘ƌĞĂůƉĂƚŝĚĂƌ͘ĐŽŵ ŚƚƚƉ͗ͬͬŝƐƐƵƵ͘ĐŽŵͬƉĂƚŝĚĂƌ

ŵĂŝůΛƌĞĂůƉĂƚŝĚĂƌ͘ĐŽŵ

WĂŐĞ ϭϮ ŽĨ ϭϲ

3DJH RI ZZZ UHDOSDWLGDU FRP PDLO#UHDOSDWLGDU FRP

0RPLQ &KHWDPDQL 6HULHV \s\jW IpSh\Rjȵk iaƦ_p 5 cR ^ĞƌŝĞƐ ϭϲ

DWLGDU FRP D WLGDU FRP PDLO#UHD PDLO#UHDOSDWLGDU FRP D

[hF Xj^ edW DZjȿkĆ W Wj ahSh½ B ;ϰϯϴ ƚŽ ϲϯϬͿ͗

Xj^ edW Dȸ mĆ W Xj^ :\h\ bhe Wh iXSh eSh d5U°b y͗

D_\h͗

ϰϯϵ͘ ϰϰϳ͘ ϰϱϬ͘ ϰϱϭ͘ ϰϲϲ͘ ϰϳϬ͘ ϰϳϲ͘

d5U°b͗ ;X^ KRhap_ D_\h \h5 _sDsWh \FK \h5 ?aj ahS ZpdhPah\h5 8aj Jp D° ĤRp XsSp GRh ZVh XhXs D]h½ Jp 7Wp ?N_p dĤTj ZIɂk 5 es] Ss aS½\hW :\h\Wj dpah Ȑ\ ?D XƗWj XsShWh XiS Wj dpah D^Sj es] Sp\ WjƦƨahT± dpah D^aj ǁǁǁ͘ƌĞĂůƉĂƚŝĚĂƌ͘ĐŽŵ ŚƚƚƉ͗ͬͬŝƐƐƵƵ͘ĐŽŵͬƉĂƚŝĚĂƌ

ŵĂŝůΛƌĞĂůƉĂƚŝĚĂƌ͘ĐŽŵ

WĂŐĞ ϭϯ ŽĨ ϭϲ

3DJH RI ZZZ UHDOSDWLGDU FRP PDLO#UHDOSDWLGDU FRP

0RPLQ &KHWDPDQL 6HULHV \s\jW IpSh\Rjȵk iaƦ_p 5 cR ^ĞƌŝĞƐ ϭϲ

ZZZ UHDOSDWLGDU FRP PDLO#UHDOSDWLGDU FRP

5 ° b z z͗͗ d d5U

D_\h͗

ϱϮϬ͘ ϱϮϮ͘

ϱϮϯ͘ ϱϮϰ͘ ϱϳϭ

ǁǁǁ͘ƌĞĂůƉĂƚŝĚĂƌ͘ĐŽŵ ŚƚƚƉ͗ͬͬŝƐƐƵƵ͘ĐŽŵͬƉĂƚŝĚĂƌ

ŵĂŝůΛƌĞĂůƉĂƚŝĚĂƌ͘ĐŽŵ

WĂŐĞ ϭϰ ŽĨ ϭϲ

3DJH RI ZZZ UHDOSDWLGDU FRP PDLO#UHDOSDWLGDU FRP

0RPLQ &KHWDPDQL 6HULHV \s\jW IpSh\Rjȵk iaƦ_p 5 cR ^ĞƌŝĞƐ ϭϲ

ϱϳϴ͘

^Ž ƐĞƌǀĞ ƚŚĂƚ >ŽƌĚ ǁŝƚŚŽƵƚ Ă ĚŽƵďƚ ĨŽƌ ƚŚĞ KŶĞ / ŚĂǀĞ ƐĞĞŶ ŚĂƐ ƌĞĂůůǇ ĐƌĞĂƚĞĚ ƚŚĞ ǁŚŽůĞ ƵŶŝǀĞƌƐĞ͘

ZZZ UHDOSDWLGDU FRP ϱϴϯ dĞůů ƚŚĞŵ ĂďŽƵƚ ƚŚĞ ŝŶĨŝŶŝƚĞ ƐŽƵůƐ ĨŽƌ ǁŚŝĐŚ ǇŽƵ ĂƌĞ ƌĞƐƉŽŶƐŝďůĞ ĂŶĚ ƚŚĞ ϰϴ <ĂƌŽƌ ǁŚŽPDLO#UHDOSDWLGDU FRP ĂƌĞ ĐůŽƐĞ ƚŽ ϱϴϯ͘ dĞůů ƚŚĞŵ ĂďŽƵƚ ƚŚĞ ŝŶĨŝŶŝƚĞ ƐŽƵůƐ ĨŽƌ ǁŚŝĐŚ ǇŽƵ ĂƌĞ ƌĞƐƉŽŶƐŝďůĞ͕ ĂŶĚ ƚŚĞ ϰϴ <ĂƌŽƌ ǁŚŽ ĂƌĞ ĐůŽƐĞ ƚŽ

ϱϴϰ͘ ϱϵϬ͘ ϲϬϰ͘ ϲϮϬ͘

ůŝ͘ ^Ž ƚŚŽƐĞ ƉĞŽƉůĞ ǁŚŽ ǁŝůů ĨŽůůŽǁ ƚŚĞ ƌŝŐŚƚ ƉĂƚŚ ǁŝůů ďĞ ƐĂǀĞĚ ďǇ ůŝ͘ DŽŵŝŶƐ͕ ĨŽůůŽǁ ƚŚĞ ^ĂƚƉĂŶƚŚ ĨŽƌ ǇŽƵƌ ƐĂůǀĂƚŝŽŶ ĨŽƌ ƚŚĞ ƚĞŶ ǀƚĂƌƐ ĂƌĞ ŽǀĞƌ ĂŶĚ ƚŚĞƌĞ ǁŽŶΖƚ ďĞ ĂŶ ĞůĞǀĞŶƚŚ͘ DǇ >ŽƌĚ ƌĞƐŝĚĞƐ ;ƐĞĐƌĞƚůǇͿ ŝŶ ƚŚĞ tĞƐƚ ĐŽŶƚŝŶĞŶƚ Ͳ /ƌĂƋ Ͳ ,Ğ ŝƐ ƚŚĞ >ŝǀŝŶŐ /ŵĂŵ ĂŶĚ ůŝ ,ŝŵƐĞůĨ͘ dŚŽƐĞ ǁŚŽ ǁŝůů ĞĂƌŶ ĂŶ ŚŽŶĞƐƚ ůŝǀŝŶŐ ĂŶĚ ǁŝůů ƉĂǇ ĂƐŽŶĚ ǁŝůů ďĞ ĂŵŽŶŐƐƚ ƚŚĞ ƐŽƵůƐ ;ƐĂǀĞĚ ďǇ Wŝƌ ,ĂƐĂŶ <ĂďŝƌĚŝŶͿ͘ Ž ŶŽƚ ůŽŽŬ Ăƚ ǁŚĂƚ ůŝ ĚŽĞƐ͕ ďƵƚ ŽďĞǇ ǁŚĂƚ ,Ğ ƐĂǇƐ͕ ĨŽƌ ĂƐ ƚŚĞ ƚŝŵĞƐ ǁŝůů ĐŚĂŶŐĞ͕ ůŝΖƐ ĂĐƚŝŽŶƐ ŵĂǇ ďĞ ďĞǇŽŶĚ ǇŽƵƌ ĐŽŵƉƌĞŚĞŶƐŝŽŶ͘

d5U°b͗ Ks _sDs UdsƛU :\hWUh^ Tj 8Xbp Ss Sp\Wp SpWh ZU_h\h5 ȣkZ dh^ ;X^ KRhap_ ̆\hRp ^ Sp a`S^ \`bp W e S^ ?Wj ȣkZ 7VsFiS Tbp 8aj ^ Sp ̆_s[W 7Wp P^ Wh \`S Tj _sDsWp dSX5T S^Y 8Dc ]h Jp 7Wp UdsƛU 8Xah \Kȸ l^ D]h½ Jp

8 KƊ]h Eh_j ȺkDah\h5 8aj Jp

ǁǁǁ͘ƌĞĂůƉĂƚŝĚĂƌ͘ĐŽŵ ŚƚƚƉ͗ͬͬŝƐƐƵƵ͘ĐŽŵͬƉĂƚŝĚĂƌ

ŵĂŝůΛƌĞĂůƉĂƚŝĚĂƌ͘ĐŽŵ

WĂŐĞ ϭϱ ŽĨ ϭϲ

3DJH RI ZZZ UHDOSDWLGDU FRP PDLO#UHDOSDWLGDU FRP

0RPLQ &KHWDPDQL 6HULHV \s\jW IpSh\Rjȵk iaƦ_p 5 cR ^ĞƌŝĞƐ ϭϲ

DOS D OSDWLGDU SDWLGDU FRP FRP PDLO#UHDOSDWLGDU FRP PDLO#UHDOSDW PDLO#UHDOSD DWW

dh^h5b aȴk d5Ɖ]h \h5 _sDsWp dSX5T S^Y a`ah 7Wp ?Wh _jVp XsShWj UdsƛUWj 8aD aVh^ah WjIp ̆\hRpWj ^RWjiS 7XWhaj eSj͖

ϭͿ dSX5T V\½Wp e ȳk V\½ dhTp KsP Wp Sp\Wh 8aSh d\hK ?N_p D _ȻkF ȵk V\½ 5 ZShah\h5 8ƥȻk 5 k 5 ZShah\h5 8ƥȻk 5 5 ϮͿ dSX5T Wp 9ƨ_h\ȵk YhȬ

ϯͿ eL^S 7_j Wp EsN ^ Sp [FahW iaƧȰkWs yx \s 7aSh^ ZShah\h5 8ƥȻk Dh^R D° 5 e ȳk V\½\h5 [FahW iaƧȰkWs yx \s 7aSh^° Kƛ\ _jVsK WTj

ϰͿ dah_ 7Wp b5Dh W D^° ?N_p _sDsWp P^hƥ]h ϱͿ dSX5T 7Wp :\h\ Wh Y^\hW Wp W Xh`Wh^ _sDs Wj 7VsFiSWj DhƣXiWD UhE_hB _sDs dh\p Ⱥkðh ȐWhTj \sDsWh \W 7Wp U\hF\h5 P^ ;ƗXđ Th] 7Wp G[^h: Wp dSX5T V\½ X`p ]hU k5 ^hEKs dSX5T V\½ȵ Xe° ɀ k5 7Wp ȺkƉ] Y^\hW Jp D° UdsƛU 8Xs

ϲͿ UdsƛU 8XWh^ _sDsWp 7\^hȶk^ ƨaF½ Tj XR D: aVh^° \`bp ?ɂk ̆_s[W 8Xɂk 5 5 ϳͿ UdsƛU 8XahTjK \së \`bp Spaj ahS \FK\h5 ȥkdPaj ϴͿ :\h\ Xj^ 7Wp Sp\Wh a5bKs K ȶ lKWj] Jp ?N_p Sp\Wh Y^\hW Xh`Ks

Sh^ D x~ ȩk_h: zxyx ƨT` [h^S

ǁǁǁ͘ƌĞĂůƉĂƚŝĚĂƌ͘ĐŽŵ ŚƚƚƉ͗ͬͬŝƐƐƵƵ͘ĐŽŵͬƉĂƚŝĚĂƌ

ŵĂŝůΛƌĞĂůƉĂƚŝĚĂƌ͘ĐŽŵ

WĂŐĞ ϭϲ ŽĨ ϭϲ

3DJH RI ZZZ UHDOSDWLGDU FRP PDLO#UHDOSDWLGDU FRP

0RPLQ &KHWDPDQL 6HULHV

ZZZ ZZ Z Z ZZ Z UH UH UHDOS UHDOS UH D DWL DWWLGD DW GDU D FR FRP P PD PDLO#U O# #UUH HD HDO D SDW SD D LGD LGDU F LG UU F FRP F P

3DJH RI ZZZ UHDOSDWLGDU FRP PDLO#UHDOSDWLGDU FRP

0RPLQ &KHWDPDQL 6HULHV

ZZ UHDOSDWLGDU FRP PDLO#UHDOSDWLGDU FRP ZZZ P

3DJH RI ZZZ UHDOSDWLGDU FRP PDLO#UHDOSDWLGDU FRP

0RPLQ &KHWDPDQL 6HULHV

ZZZ ZZ ZZ UH ZZ UHDOS UHDOS OS SD DWL DW WWLG GD GDU DU DU FR FRP PDLO#U FR #UHDO HDOS HD OSDWLGD LG GDU F GD DUU F FRP FRP

3DJH RI ZZZ UHDOSDWLGDU FRP PDLO#UHDOSDWLGDU FRP

0RPLQ &KHWDPDQL 6HULHV

ZZZ UH HDO DOS DOS OSDWL DW GDU GDU FR FRP P PDLO#U # HD HDOSDWLGDU FRP P

3DJH RI ZZZ UHDOSDWLGDU FRP PDLO#UHDOSDWLGDU FRP

0RPLQ &KHWDPDQL 6HULHV

ZZ ZZ UH ZZ UH HD DOOS DOS OSDWL DWLGDU DW GDU FR GDU FRP PDLO#UHDOSDW FR SD LG GDU F U FRP

3DJH RI ZZZ UHDOSDWLGDU FRP PDLO#UHDOSDWLGDU FRP

0RPLQ &KHWDPDQL 6HULHV

ZZZ ZZ Z UH UHDOS OOS SDWLGDU DWL DW D WWLLGDU GD G DU D FR FR F RP PDLO#U # HDO #U HDOSDW SDWLGD G U FRP P

3DJH RI ZZZ UHDOSDWLGDU FRP PDLO#UHDOSDWLGDU FRP

0RPLQ &KHWDPDQL 6HULHV

ZZZ ZZ Z U UH UUH HD HD DOS DO OS O DW DWWLLG DWL GDU DUU FR F FR F RP PD PDL P DL D O# O#U #UUHDOSDW # HDO HD DOS DO SDW SD D LGD G U F GD U RP

3DJH RI ZZZ UHDOSDWLGDU FRP PDLO#UHDOSDWLGDU FRP

0RPLQ &KHWDPDQL 6HULHV

ZZZ Z UHDOS DOS SDW DWL D WWLLGD GDU G DU D FR FRP PDLO#UUHDO FR HDOSDW S LGD SDW LG U FRP RP

3DJH RI ZZZ UHDOSDWLGDU FRP PDLO#UHDOSDWLGDU FRP

0RPLQ &KHWDPDQL 6HULHV

ZZZ UH UHDOS DOOS DOS D OSDW DWL D WWLLG GD GDU DU D F FR FRP PDL FR FRP PDLO#U O#U # HDO HD SDW DWLGD LGDU F U FRP RP RP

3DJH RI ZZZ UHDOSDWLGDU FRP PDLO#UHDOSDWLGDU FRP

0RPLQ &KHWDPDQL 6HULHV

ZZZ Z UH HDO DOS D OS OSD DWWL DWL WLGD GDU G DUU FR FR F RP PDL PD DLLLO#U D O#U O# #UHDO # HD DOSDW S LGD SD SDW LG U FRP P

3DJH RI ZZZ UHDOSDWLGDU FRP PDLO#UHDOSDWLGDU FRP

0RPLQ &KHWDPDQL 6HULHV

ZZZ UH ZZZ UH HD DOOS DOS OSD DWL DW WWLGDU GD DUU FR D F FRP PDL FR PDLO#U # HDOSDW S LGDU FRP P

3DJH RI ZZZ UHDOSDWLGDU FRP PDLO#UHDOSDWLGDU FRP

0RPLQ &KHWDPDQL 6HULHV

ZZ ZZ UH HDOS DOOS OSD DWWWLLGD DWL LG GDU GD D FR FR F RP PDL PDLO#U O#U # HDO HDOSDWLGDU FRP P

3DJH RI ZZZ UHDOSDWLGDU FRP PDLO#UHDOSDWLGDU FRP

0RPLQ &KHWDPDQL 6HULHV

ZZZ UH UHDOS DOOS DOS OSDWL WLGDU WL WLG GDUU FR FRP PDLO#U FR # HDO HDOSDW D LLGD DUU F FRP P

3DJH RI ZZZ UHDOSDWLGDU FRP PDLO#UHDOSDWLGDU FRP

0RPLQ &KHWDPDQL 6HULHV

ZZZ ZZ ZZ Z UH HDOS DOOS D OSD DWWWLLG DWL GDU GD DU DU FR F FR F RP PDL PDL PD DLO# OO#U #U #UHDO HDO HD DOS SDW SD DWLG DW LLGD GDU FRP RP P

3DJH RI ZZZ UHDOSDWLGDU FRP PDLO#UHDOSDWLGDU FRP

0RPLQ &KHWDPDQL 6HULHV

ZZ ZZ UH HDOS OS SDW DWWLLGD DWL GDU G DU DU F FR FR F RP PDLO#U O#U # HD H SDW HDO SD LGDU FRP LGD GD P

3DJH RI ZZZ UHDOSDWLGDU FRP PDLO#UHDOSDWLGDU FRP

0RPLQ &KHWDPDQL 6HULHV

ZZZ ZZ Z UH HD DOOS DOS OS SD DWL DW D WWLLGD GDU G D FR FR F RP PDL DLO# O#U O#UHDO O# # HDOSDW SDWLGD SDWLGD GDUU FRP P

3DJH RI ZZZ UHDOSDWLGDU FRP PDLO#UHDOSDWLGDU FRP

0RPLQ &KHWDPDQL 6HULHV

ZZZ UH HDO DOS D OS OSDWL DWLGDU DW GDU DUU F FR FR F RP PDLO#UHDOSDWLGDU FRP P

3DJH RI ZZZ UHDOSDWLGDU FRP PDLO#UHDOSDWLGDU FRP

0RPLQ &KHWDPDQL 6HULHV

ZZZ ZZ Z UH UHD UH DOOS DOS OSD DWL DW W GDU GD DUU FR D F FR F RP PDLLO#UHDO O#U # HDOSDW SDWLG D LGD G U FRP P

3DJH RI ZZZ UHDOSDWLGDU FRP PDLO#UHDOSDWLGDU FRP

0RPLQ &KHWDPDQL 6HULHV

ZZZ ZZ Z UH UUH HD DOS OS O D DWWWLLG DWL GDU DU DU FR FRP PDL FR PD DLLO# D O#U # HDO D SDWLGDU F SDW D FRP P

3DJH RI ZZZ UHDOSDWLGDU FRP PDLO#UHDOSDWLGDU FRP

0RPLQ &KHWDPDQL 6HULHV

ZZ ZZ HDOS ZZ UH SD DWWWLLG DWL GD GDU DU DU F U F FR FR F RP PDLO#U #UHD HDOSDWLGD DU FRP P

3DJH RI ZZZ UHDOSDWLGDU FRP PDLO#UHDOSDWLGDU FRP

0RPLQ &KHWDPDQL 6HULHV

ZZ ZZ UH HDOS DOOS D OS SDW DWL D DW WWLGDU GD DU FR DU F FR F FRP RP PDLO#U # HDOSDWLGDU FRP P

3DJH RI ZZZ UHDOSDWLGDU FRP PDLO#UHDOSDWLGDU FRP

0RPLQ &KHWDPDQL 6HULHV

ZZZ UHDOS ZZ SDW DWL D WWLLG GDU GD DU DUU FR FR FRP FR RP PDLO#UUHDO HDOSDW S LGDU F SD FRP RP

3DJH RI ZZZ UHDOSDWLGDU FRP PDLO#UHDOSDWLGDU FRP

0RPLQ &KHWDPDQL 6HULHV

ZZZ UH UH HD DOOS DOS OSD DWL DW WWLLG GDU DUU FR DU F FR FR F RP PDL DLO#U O#U # HDO #U H SDW S LGD DU FRP P

3DJH RI ZZZ UHDOSDWLGDU FRP PDLO#UHDOSDWLGDU FRP

0RPLQ &KHWDPDQL 6HULHV

ZZ UH UH UH HDOS DOOS D OSD DWL DW W GDU DUU F D FR FR F RP PDLO#U O#U # HDOSDW #U S LGDU FR RP

3DJH RI ZZZ UHDOSDWLGDU FRP PDLO#UHDOSDWLGDU FRP

0RPLQ &KHWDPDQL 6HULHV

ZZZ ZZ Z U UUH UH HD DOOS DOS O DW DWWLLG DWL GDU GD DU DUU FR FR FRP PDL FR PD P DL DLLO#U O# OO#U #UUHD # HDO H DOOS D SDW SD D LGDU FRP P

3DJH RI ZZZ UHDOSDWLGDU FRP PDLO#UHDOSDWLGDU FRP

0RPLQ &KHWDPDQL 6HULHV

ZZZ UHDOS DOS D DO OS OSD DWWWLLGDU DWL GD G DU FR F FRP PDLO#UHDOSDW FR SD LGDU F FRP

3DJH RI ZZZ UHDOSDWLGDU FRP PDLO#UHDOSDWLGDU FRP

0RPLQ &KHWDPDQL 6HULHV

ZZ ZZ HD ZZ UH DOOS DOS OSDWL DWWWLLG D GD GDU DUU FR FRP PD FR PD PDL DLO# O#U #UHDO HDOSDW SDWLGD SDW LG G U FRP P

3DJH RI ZZZ UHDOSDWLGDU FRP PDLO#UHDOSDWLGDU FRP

0RPLQ &KHWDPDQL 6HULHV

ZZZ UHDOS DOS OS SDWL DWWWLLG D GDU GD DU DU FR FR RP PDLO#U # HDO DOSDW DO SD D LGDU FRP P

3DJH RI ZZZ UHDOSDWLGDU FRP PDLO#UHDOSDWLGDU FRP

0RPLQ &KHWDPDQL 6HULHV

ZZZ Z UH UHD UH DOS OSD OSD DWWWLLGDU DWL GD G DU DU FR FRP PDL F DLO#U O#UHDO # HD H SDW SD LGDU F FRP P

3DJH RI ZZZ UHDOSDWLGDU FRP PDLO#UHDOSDWLGDU FRP

0RPLQ &KHWDPDQL 6HULHV

ZZZ Z UH UUUH HD DOS OS SD DWL DW WWLLGDU LG GD GDU DU DU F FR FRP PDLO#UHDOSDWLGDU F FR FRP

3DJH RI ZZZ UHDOSDWLGDU FRP PDLO#UHDOSDWLGDU FRP

0RPLQ &KHWDPDQL 6HULHV

ZZZ ZZ Z UH UUH UHDOS DOS O DWL DWWLLGD DW GD FR GDU FR F RP PD PDL DLLOO# D O#U # #UUHD HD HDO DOOS SD SDW DWLGD DW G U F U FRP P

3DJH RI ZZZ UHDOSDWLGDU FRP PDLO#UHDOSDWLGDU FRP

0RPLQ &KHWDPDQL 6HULHV

ZZZ UHDOS DOS OS SD DWL DW W GDU FR RP PDLO#UHDOSDWLGDU FRP P

3DJH RI ZZZ UHDOSDWLGDU FRP PDLO#UHDOSDWLGDU FRP

0RPLQ &KHWDPDQL 6HULHV

ZZ Z Z UH UHDOS SDWL DW GDU GDU FR DUU FR F FR F RP PDL PDLO# PD O#UHDOSDWLGDU FRP

3DJH RI ZZZ UHDOSDWLGDU FRP PDLO#UHDOSDWLGDU FRP

0RPLQ &KHWDPDQL 6HULHV

ZZZ UH ZZZ UHDOS DOS SDW DWL D WWLLG GDU D FR FR RP PDLO#UHDOSDWLGDU FRP P

3DJH RI ZZZ UHDOSDWLGDU FRP PDLO#UHDOSDWLGDU FRP

0RPLQ &KHWDPDQL 6HULHV

ZZZ Z U UH UUH HDOS SDWLGDU GD GD GDU DUU FR FRP P PDLO#UHDOSDWLGDU # U FRP RP P

3DJH RI ZZZ UHDOSDWLGDU FRP PDLO#UHDOSDWLGDU FRP

0RPLQ &KHWDPDQL 6HULHV

ZZZ ZZ UH HDOS DOOS D OSDWLGDU FR FR F P PDLO#UHDOSDW SD LGDU FRP SDW SD P

3DJH RI ZZZ UHDOSDWLGDU FRP PDLO#UHDOSDWLGDU FRP

0RPLQ &KHWDPDQL 6HULHV

ZZZ ZZ Z U UH UHD UH DOOS DOS OSDWL WLGDU WL GDU GD DU F FR FR F RP PDLO#U # HDOSDWLGDU FRP P

3DJH RI ZZZ UHDOSDWLGDU FRP PDLO#UHDOSDWLGDU FRP

0RPLQ &KHWDPDQL 6HULHV

ZZ Z UHDOS OS SD DWWWLLG DWL GDU GD D FR FRP PDLO#UHDOSDWLGDU FRP FR

3DJH RI ZZZ UHDOSDWLGDU FRP PDLO#UHDOSDWLGDU FRP

0RPLQ &KHWDPDQL 6HULHV

ZZZ Z ZZ ZZ Z Z UH UUH UHDOS OS SDW DWL D WWLLG GDU DU FR FR F RP PDLO#U # HDO DOSDWLGDU FRP P

3DJH RI ZZZ UHDOSDWLGDU FRP PDLO#UHDOSDWLGDU FRP

0RPLQ &KHWDPDQL 6HULHV

Z UH ZZZ HD DOOS DOS OSD DWL DW WWLGDU WLLGDU GDU DU F FR FRP PDLO#UHDOSDWLGDU FRP FR FRP P

3DJH RI ZZZ UHDOSDWLGDU FRP PDLO#UHDOSDWLGDU FRP

0RPLQ &KHWDPDQL 6HULHV

ZZ Z UH UHDOS UH DOS DO OSDWL D GDU DUU F D FR FRP PD F PDL DLLO#U D # HDO D SDW SDWLGD DU F FR RP

3DJH RI ZZZ UHDOSDWLGDU FRP PDLO#UHDOSDWLGDU FRP

0RPLQ &KHWDPDQL 6HULHV

ZZZ Z UH UUH HD DOOS DOS OSD DWL WWLG GD GDU DU D DU U FR F F FR RP PDL PD O#U # HDO HD SDWLGD GDU FRP P

3DJH RI ZZZ UHDOSDWLGDU FRP PDLO#UHDOSDWLGDU FRP

0RPLQ &KHWDPDQL 6HULHV

ZZ Z U UH UUH HD DOS DO OS OSDWL DWWWLLGDU FR D DWL GD GDU G DU DU F FR FRP FR F RP P PD PDL DLLOO#U O# #UHDOSDW # HDO DOSDW S LGDU FR RP

3DJH RI ZZZ UHDOSDWLGDU FRP PDLO#UHDOSDWLGDU FRP