Diese Präsentation wurde erfolgreich gemeldet.
Wir verwenden Ihre LinkedIn Profilangaben und Informationen zu Ihren Aktivitäten, um Anzeigen zu personalisieren und Ihnen relevantere Inhalte anzuzeigen. Sie können Ihre Anzeigeneinstellungen jederzeit ändern.
7+(%22.2)0,6(//$1 
+$37(5 
6,1(5,7$1'6,*1,),$1(2) 
,17(17,216)25$//$7,216 
$33$5(17$1'+,''(1 
$OODKWKH([DOWHGVDV 
$QGWKHZH...
DQG 
SHUIRUP$V6DODW,TDPDWDV6DODW
DQGJLYH=DNDWDQGWKDWLVWKHULJKW 
UHOLJLRQ
,WLVQHLWKHUWKHLUPHDWQRUWKHLUEORRGWKDWUHDFKHV$OODKEXWLWLVSLHWIURP 
RXWKDWUHDFKHV+LP
6D20XKDPPDG3%8+
:KHWKHURXKLGHZKDWLVLQRXUEUHDVWVRU 
UHYHDOLW$OODKNQRZVLW
1DUUDWHG
8PDUELQ$O.KDWWDE0D$OODKEHSOHDVHGZLWKKLP
UHSRUWHG0HVVHQJHURI$OODK 
3%8+
VDLG7KHGHHGVDUHFRQVLGHUHGEWKHLQWHQWLRQVDQGDSHUVRQZLOOJHWWKHUHZDUGDFFRUGLQJ 
WRKLVLQWHQWLRQ6RZKRHYHUHPLJUDWHGIRU$OODKDQG+LV...
DQGHYHURQHZLOOEHUHTXLWHGDFFRUGLQJWRKLV1LDK,WLVWUXHWKDW1LDKLV 
IRXQGHGLQRQH
VKHDUWWKDWLVWRVDRQHKDVILUVWWRPDNHXSRQH
VPLQGIRU...
EHFDXVHQRSURRI 
RILWLVIRXQGLQ6KDULDK 
7KHSRLQWZKLFKEHFRPHVHYLGHQWIURPWKLV+DGLWKLVWKDW,NKODVVLQFHULW
LVDPXVWIRUHYHUDFWLRQ 
,QRWKHUZRUGVLQHYHUULJKWHRXV GHHGRQHVKRXOGVHHNRQOWKH3OHDVXUHRI$OODKRWKHUZLVHLWZLOO 
QRWEHDFFHSWHGE$OO...
UHSRUWHG0HVVHQJHURI$OODK3%8+
VDLG $Q 
DUPZLOOUDLGWKH.DCEDKDQGZKHQLWUHDFKHVDGHVHUWODQG DOORIWKHPZLOOEHVZDOORZHGXSEWKH 
HDUWK

 6KHDVNHG 20HVVHQJHURI$OOD...
RIWKH3URSKHW3%8+
LWLVQHFHVVDUWREHOLHYHLQWKHLUYHUDFLWDQGRFFXUUHQFH%HOLHYLQJLQVXFK 
SURSKHVLHVLVDOVRHVVHQWLDOEHFDXVHWKHZHUHUHYHDOHGE$OODK
$CLVKDK 0D$OODKEHSOHDVHGZLWKKHU
QDUUDWHGWKDWWKH3URSKHW3%8+
VDLG 7KHUHLVQR 
HPLJUDWLRQDIWHUWKHFRQTXHVWRI0DNNDK
EXWRQO-LKDGVWULYLQJDQGILJKWLQJLQWKHFDXVHRI$OODK
ZLOOFRQWLQXH@DQGJRRGLQWHQWLRQ
6RLIRXDUHVXPPRQHGWRILJKWJRIRUWK

 
$O%XNKDULDQG0XVOLP@ 

,QWHQWLRQDFFRUGLQJWR$Q1DZDZL,WPHDQV...
LWLVQRW 
QHFHVVDUWRPLJUDWHIURPLWWRVRPHRWKHUSODFH,WLVKRZHYHUREOLJDWRUWRHPLJUDWHIURPVXFK 
UHJLRQVZKLFKDUH'DUXO.XIUODQGRILQIL...
DQGZKHUHLWLVGLIILFXOWWRDGKHUHWR,VODPLF 
LQMXQFWLRQV,WLVDOVRHYLGHQWIURPWKLV+DGLWKWKDWZKHQLWLVQRWQHFHVVDUWRPLJUDWHIURPRQH,VO...
DQGRQWKHRWKHUREVFHQLWDQGLQGHFHQFWKDWDUH 
FRPPRQLQVXFKFRXQWULHVDUHEHFRPLQJLQFUHDVLQJOFRPPRQDPRQJWKH0XVOLPVWRR 
$QRWKHUKLJKO...
7KLVVSLULWDQGUHDGLQHVVPXVWEHNHSWDOZDVDOLYHVRWKDWWKH0XVOLPVPDUHVSRQGDWRQFH 
WRWKHFDOORI-LKDGZKHQHYHUWKHQHHGIRULWDULVHVDQZKH...
UHSRUWHG:HDFFRPSDQLHGWKH 
3URSKHW3%8+
LQDQH[SHGLWLRQZKHQKHVDLG 7KHUHDUHVRPHPHQLQ$O0DGLQDKZKRDUHZLWKRX 
ZKHUHYHURXPDUFKDQGZKLFKHYHUYDOOHRXFURVV7KHKDYHQRWMRLQHGRX...
:HZHUHFRPLQJEDFN 
IURPWKHEDWWOHRI7DEXNZLWKWKH3URSKHW3%8+
ZKHQKHUHPDUNHG 7KHUHDUHSHRSOHZKRPZHOHIW 
EHKLQGLQ$O0DGLQDKZKRDFFRPSDQLHGXVLQVSLULWLQHYHUSDVVDQGYDOOHZHFURVVHG7KH 
UHPDLQHG...
KHKLVIDWKHUDQGKLVJUDQGIDWKHU 
DOOZHUHRPSDQLRQV
UHSRUWHG0IDWKHUVHWDVLGHVRPHGLQDUVIRUFKDULWDQGJDYHWKHPWRDPDQLQ 
WKHPRVTXH,ZHQWWRWKDWPDQDQGWRRNEDFNWKRVHGLQDUV+HVDLG,KDGQRWL...
DQGSXWIRUWKWKHPDWWHUEHIRUHKLP+HVDLGWRP 
IDWKHU D]LGRXKDYHEHHQUHZDUGHGIRUZKDWRXLQWHQGHG

 $QGKHVDLGWRPH 0DCQRXDUH 
HQWLWOHG...
JRHVWRDQHHGVRQRID0XVOLP 
WKHUHLVQRQHHGWRWDNHLWEDFNIURPKLPIRUWKHUHDVRQWKDWWKHIDWKHUKDGLQWHQGHGWRJLYHLWWRD 
GHVHUYLQJSHUVRQ7...
7KLVKRZHYHU 
ZLOOEHUHFNRQHGDV1DIOL6DGDTDKYROXQWDUFKDULW
EHFDXVHWKHREOLJDWRU=DNDW6DGDTDK
FDQQRW 
EHJLYHQWRWKHGRQRU
VRZQGHSHQGHQWV
,WLVSHUPLVVLEOHLQ6KDULCDKWRPDNHVRPHRQHD:DNLO DWWRUQHRUDJHQW
IRU6DGDTDK 
,WGRHVQRWDPRXQWWRGLVREHGLHQFHRQWKHSDUWRIDVRQWRWDNHKLV IDWKHUWRDFRPSHWHQWDXWKRULWRU 
VFKRODUWRNQRZWKHOHJDOSRVLW...
$EX,VKDT6DCGELQ$EX:DTTDV0D$OODKEHSOHDVHGZLWKKLP
RQHRIWKHWHQZKRKDGEHHQ 
JLYHQWKHJODGWLGLQJVRIHQWULQWR-DQQDK
QDUUDWHG0HVVHQJHURI$OODK3%8+
YLVLWHGPHLQP 
LOOQHVVZKLFKEHFDPHVHYHUHLQWKHHDURI+DMMDWXO:DGDC)DUHZHOO3LOJULPDJH
,VDLG2 
0HVVHQJHURI$OODKRXFDQVHHWKHSDLQZKLFK,DPVXIIHULQJDQG,DPDPDQRIPHDQVDQGWKHUHLV 
QRQHWRLQKHULWIURPPHH[FHSWRQHGDXJKWHU6...
VDLG 1R ,DVNHGKLP7KHQKDOI

+HVDLG 1R 7KHQ,DVNHGDQ,JLYHDZDRQH 
WKLUG+HVDLG *LYHDZDRQHWKLUGDQGWKDWLVVWLOOWRRPXFK,WLVEHWWHUWR...
DQGKDUPIXOWRRWKHUVWKHHQHPLHVRI,VODP
RXZLOOVXUYLYHRWKHUVWLOOWKHSHRSOHZLOOGHULYHEHQHILWIURPRXDQGRWKHUVZRXOGEHKDUPHGE 
RX

 0HVVHQJHURI$OODK3%8+
IXUWKHUVDLG 2$OODKFRPSOHWHIRUPRPSDQLRQVWKHLU 
HPLJUDWLRQDQGGRQRWFDXVHWKHPWRUHWUDFW

 6DCGELQ.KDXODKZDVXQIRUWXQDWH 0HVVHQJH...
ODPHQWHGKLVGHDWKDVKHGLHGLQ0DNNDK 
$O%XNKDULDQG0XVOLP@ 
RPPHQWDU ,QVSLWHRIDOOWKHLUORYHIRULWWKHRPSDQLRQVRIWKH3URSKHW3%8+
GLGQRWOLNHWR 
GLHLQDFLWIURPZKLFKWKHHPLJUDWHGIRUWKHVDNHRI$OODK)RUWKLVUHDVRQ6DCG0D$OODKEH 
SOHDVHGZLWKKLP
ZDVDIUDLGRIGLQJLQ0DNNDK7KH3URSKHW3%8+
SUDHGIRUWKHDFFRPSOLVKPHQW 
RI6DCG
VHPLJUDWLRQDQGH[SUHVVHGUHJUHWRYHUWKHPLVIRUWXQHRI 6DCGELQ.KDXODK7KHODWWHUGLHGLQ 
0DNNDK 
...
ZKLFKRQHJLYHVWRVHHNWKH3OHDVXUHRI$OODKKLVFORVHVW 
UHODWLYHVVKRXOGDOZDVKDYHSULRULWDQGSUHIHUHQFHRYHURWKHUV 
 $EX+XUDLUDK0D$OO...
QDUUDWHG0HVVHQJHURI$OODK3%8+
VDLG $OODK 
GRHVQRW ORRNDWRXUILJXUHVQRUDWRXUDWWLUHEXW+HORRNVDWRXUKHDUWVDQGDFFRPSOLVKPHQWV 
0XVOLP@ 
RPPHQWDU 7KLV+DGLWKKLJ...
UHSRUWHGWKDW0HVVHQJHURI$OODK 3%8+
ZDVDVNHGDERXWZKRILJKWVLQWKH EDWWOHILHOGRXWRIYDORXURURXWRI ]HDORURXWRI KSRFULVZKLFK 
RIWKLVLVFRQVLGHUHGDVILJKWLQJLQWKHFDXVH...
RPPHQWDU 6LQFHRQH
VDFWLRQZLOOEHHYDOXDWHGLQWHUPVRILQWHQWLRQVRKHDORQHZRXOGEHD 
0XMDKLG ZDUULRULQWKHFDXVHRI'HHQ
ZKRILJKWVWRJORULIWKH1DPHRI$OODK 
 $EX%DNUDK$WK7KDTDIL0D$OODKEHSOHDVHGZLWKKLP
UHSRUWHG7KH3URSKHW3%8+
VDLG 
:KHQWZR0XVOLPVDUHHQJDJHGLQDFRPEDWDJDLQVWHDFKRWKHUZLWKWKHLUVZRUG
VDQGRQHLVNLOOHG 
ERWKDUHGRRPHGWR+HOO ,VDLG20HVVHQJHU...
UHSOLHG +HZDVHDJHUWRNLOOKLVRSSRQHQW 
$O%XNKDULDQG0XVOLP@ 
RPPHQWDU 7KLV+DGLWKOHDGVWRWKHFRQFOXVLRQWKDWRQHZRXOGEHSXQLVKHGIRU...
IRUZKLFKWKHPDEHH[FXVHG 
 $EX+XUDLUDK0D$OODKEHSOHDVHGZLWKKLP
UHSRUWHGWKDW7KH0HVVHQJHURI$OODK3%8+
VDLG 7KHUHZDUGIRU6DODWSHUIRUPHGEDSHUVRQLQFRQJUHJDWLRQLVPRUHWKDQWLPHVJUHDWHUWKDQ 
WKDWRIWKH6DODWSHUIRUPHGLQRQH
VKRXVHRUVKRS...
DQGWKHDQJHOVNHHSRQVXSSOLFDWLQJ$OODKIRU 
KLPDVORQJDVKHUHPDLQVLQKLVSODFHRISUDHU7KHVD
2$OODKKDYHPHUFRQKLP2$OODK 
IRUJLYHKLVVL...
UHSRUWHG 0HVVHQJHURI$OODK3%8+
VDLGWKDW$OODKWKH*ORULRXVVDLG 9HULO$OODK6:7
KDVRUGHUHGWKDWWKHJRRGDQGWKHEDGGHHGV 
EHZULWWHQGRZQ7KHQ+HH[SODLQHGLWFOHDUOKRZWRZULWH
+HZKRLQWHQGVWRGRDJRRGGHHGEXWKH 
GRHVQRWGRLWWKHQ$OODKUHFRUGVLWIRUKLPDVDIXOOJRRGGHHGEXWLI KHFDUULHVRXWKLVLQWHQWLRQWKHQ 
$OOD...
UHODWHVWR$OODKLVFDOOHG+DGLWK4XGVL 6DFUHG7UDGLWLRQ
6XFK+DGLWKLVUHYHDOHGWRWKH3URSKHW3%8+
EPHDQVRI,OKDP LQVSLUDWLRQ
7KLV+DGLWKPHQWLRQV 
WKHPDJQLWXGHRI'LYLQHEOHVVLQJVZKLFK+HEHVWRZVXSRQ+LVIDLWKIXOVODYHVRQWKH'DRI 
5HVXUUHFWLRQ 
 C$EGXOODKELQ...
QDUUDWHGWKDW+HKHDUG 
0HVVHQJHURI$OODK3%8+
DVVDLQJ 7KUHHPHQDPRQJVWWKRVHZKRFDPHEHIRUHRXVHWRXWXQWLO 
QLJKWFDPHDQGWKHUHDFKHGDFDYHVRWKHHQWHUHGLW$URFNIHOOGRZQIURPWKHPRXQW...
WKDQDQRQHHOVHLQDQRWKHUYHUVLRQKHVDLGDVDPDQFDQORYHDZRPDQ
,ZDQWHGWRKDYHVH[XDO 
LQWHUFRXUVHZLWKKHUEXWVKHUHIXVHG+DUGSUHVVHGLQDHDURIIDPLQHVKHDSSURDFKHGPH,JDYHKHU 
RQHKXQGUHGDQGWZHQWGL...
VKHVDLG)HDU$OODKDQGGRQRWEUHDNWKHVHDOXQODZIXOO, 
PRYHGDZDIURPKHULQVSLWHRIWKHIDFWWKDW,ORYHGKHUPRVWSDVVLRQDWHODQG,OHWKHUNHHSW...
OLYHGDQGWKHWZRIROORZLQJ
3UHIHUHQFHVKRXOGEHJLYHQWRWKHVHUYLFHRISDUHQWVHYHQRYHUWKHVHUYLFHRIRQH
VRZQZLIHDQG 
FKLOGUHQ 
7RDEVWDLQIURPVLQVRXWRIIHDURI$OO...
7KXVOLNHWKHPLUDFOHVRIWKH3URSKHWVZRQGHUVRIWKHULJKWHRXVSHRSOHDUHDOVR 
WUXH%XWPLUDFOHVDQGZRQGHUVERWKDSSHDUZLWKWKH:LOORI$OODK ...
2QHVKRXOGDOVRUHSHQWIURPDOOVLQV,IKHUHSHQWVIURPVRPHKLVUHSHQWDQFHZRXOGVWLOOEHVRXQG 
DFFRUGLQJWRWKHSHRSOHRIVRXQGNQRZOHGJH+HVKR...
6HHNWKHIRUJLYHQHVVRIRXU5XEEDQGWXUQWR+LPLQUHSHQWDQFH
2RXZKREHOLHYH7XUQWR$OODKZLWKVLQFHUHUHSHQWDQFH
$EX+XUDLUDK0D$OODKEHSOHDVHGZLWKKLP
UHSRUWHG,KHDUG0HVVHQJHURI$OODK3%8+
VDLQJ %$OODK,VHHN$OODK
V IRUJLYHQHVVDQGUHSHQWWR+LPPRUHWKDQVHYHQWWLPHVDGD

 
$O%XNKDUL@ 
RPPHQWDU 
,WLVDQLQGXFHPHQWIRUVHHNL...
ZKRVHSDVWDQGIXWXUH 
VLQVZHUHIRUJLYHQDVNHG$OODK
VIRULJYHQHVV WKHQKRZDERXW XVZKRFRPPLWVLQVRQUHJXODUEDVLV 
QRWWRVHHNSDUGRQDQG...
QDUUDWHGWKDW7KH0HVVHQJHURI 
$OODK3%8+
VDLG 7XUQRXSHRSOHLQUHSHQWDQFHWR$OODKDQGEHJSDUGRQRI +LP,WXUQWR+LPLQ 
UHSHQWDQFHDKXQGUHGWLPHVDGD 
0XVOLP@ 
 $QDVELQ0DOLN$O$Q...
WKHVHUYDQWRIWKH0HVVHQJHURI$OODK 
QDUUDWHG0HVVHQJHURI$OODK3%8+
VDLG 9HULO$OODKLVPRUHGHOLJKWHGZLWKWKHUHSHQWDQFHRI+LV 
VODYHWKDQDSHUVRQZKRORVWKLVFDPHOLQDGHVHUWODQGDQGWKHQILQGVLWXQH[SHFWHGO
$O%XNKDULDQG0XVOLP@ 
,QDQRWKHUYHUVLRQRI0XVOLPKHVDLG 9HULO$OODKLVPRUHSOHDVHGZLWKWKHUHSHQWDQFHRI+LVVODYH 
WKDQDSHUVRQZKRKDVK...
OLHVGRZQLQVKDGHDQGLVGLVDSSRLQWHGDERXWKLV 
FDPHOZKHQDOORIDVXGGHQKHILQGVWKDWFDPHOVWDQGLQJEHIRUHKLP+HWDNHVKROGRILWVUHLQVDQGWK...
UHSRUWHG7KH3URSKHW3%8+
VDLG 
$OODKWKH([DOWHGZLOOFRQWLQXHWRVWUHWFKRXW+LV+DQGLQWKHQLJKWVRWKDWWKHVLQQHUVRIWKHGDPD 
UHSHQWDQGFRQWLQXHWRVWUHWFK+LV+DQG...
RPPHQWDU 7KLV+DGLWKFRQILUPVDQHVVHQWLDO$WWULEXWHRI$OODKLHWKH+DQGZKLFK+HVWUHWFKHV 
RXWDQWLPH+HZLVKHVZLWKRXWGUDZLQJVLPLODULWW...
QDUUDWHG0HVVHQJHURI$OODK3%8+
VDLG +H 
ZKRUHSHQWVEHIRUHWKHVXQULVHVIURPWKHZHVW$OODKZLOOIRUJLYHKLP 
0XVOLP@ 
RPPHQWDU 7DXEDKPHDQVUHWXUQLQJWR$OODKIURPVLQV:...
UHSRUWHGWKDW7KH3URSKHW 
3%8+
VDLG $OODKDFFHSWVDVODYH
VUHSHQWDQFHDVORQJDVWKHODWWHULVQRWRQKLVGHDWKEHGWKDWLV 
EHIRUHWKHVRXORIWKHGLQJSHUVRQUHDFKHVWKHWKURDW
$W7LUPLGKLZKRFDWHJRULVHGLWDV+DGLWK+DVDQ@ 
RPPHQWDU 7KHZRUG*KDUJKDUDKPHDQVWKHVWDJHZKHQVRXOLVDERXWWROHDYHWKHERGDQG 
UHDFKHVW...
+DGLWK+DVDQLVDOVRUHOLDEOHDV+DGLWK6DKLK 
 =LUUELQ+XEDLVKUHSRUWHG,ZHQWWR6DIZDQELQC$VVDO 0D$OODKEHSOHDVHGZLWKKLP
WRLQTXLUH 
DERXWZLSLQJZLWKZHWKDQGVRYHUOLJKWERRWVZKLOHSHUIRUPLQJ:XGX
+HDVNHGPH:KDWEULQJVRX 
KHUH=LUU

,DQVZHUHG6HDUFKIRUNQR...
,KDYHFRPHWRDVNRXZKHWKHURX 
KHDUGDQVDLQJRIWKH3URSKHW3%8+
FRQFHUQLQJLW+HUHSOLHGLQWKHDIILUPDWLYHDQGVDLG+H 
3%8+
LQVWUXFWHGXVWKDWGXULQJDMRXUQHZHQHHGQRWWDNHRIIRXUOLJKWERRWVIRUZDVKLQJWKHIHHWXS 
WRWKUHHGDVDQGQLJKWVH[FHSWLQFDVHRIPDMRULPSXU...
,QRWKHUFDVHVVXFK 
DVVOHHSLQJUHOLHYLQJRQHVHOIRUXULQDWLQJWKHZLSLQJRIZHWKDQGVRYHUOLJKWERRWVZLOOVXIILFH

, 
WKHQTXHVWLRQHGKLP'...
LQDMRXUQHZKHQDEHGRXLQFDOOHGRXWLQDORXGYRLFH 
C20XKDPPDG
7KH0HVVHQJHURI$OODK3%8+
UHSOLHGKLPLQWKHVDPHWRQH C+HUH,DP
,VDLGWR 
KLPWKHEHGRXLQ
C:RHWRRXORZHURXUYRLFHLQKLVSUHVHQFHEHFDXVHRXDUHQRWDOORZHGWRGR 
VR
+HVDLGC%$OODK,ZLOOQRWORZHUPYRLFH
DQGWKHQDGGUHVVLQJWKH3URS...
KHVDLG 
C:KDWDERXWDSHUVRQZKRORYHVSHRSOHEXWKDVQRWIRXQGKLPVHOILQWKHLUFRPSDQ
0HVVHQJHURI 
$OODK3%8+
UHSOLHG C2QWKH'DRI5HVXUUHFWLRQDSHUVRQZLOOEHLQWKHFRPSDQRIWKRVHZKRPKH 
ORYHV
7KH0HVVHQJHURI$OODKWKHQNHSWRQWDONLQJWRXVDQGLQWK...
RQ'RRPVGD
$W7LUPLGKLZKRFDWHJRULVHGLWDV+DGLWK+DVDQ6DKLK@ 
RPPHQWDU 
:HOHDUQIURPWKLV+DGLWKWKDWLQDEOXWLRQLWLVSHUPLVVLEOHWRZLSHRYHUOLJKW...
:XGX
LVLQYDOLGDWHGEVOHHSLQJFDOORIQDWXUHDQGSDVVLQJRIZLQG7KLVLVFDOOHG+DGDWK$VJKDU,Q 
WKHFDVHRI+DGDWK$NEDUZKLFKRFFXUVEHFDXVHR...
UHSRUWHG3URSKHWRI$OODK3%8+
VDLG 
7KHUHZDVDPDQIURPDPRQJDQDWLRQEHIRUHRXZKRNLOOHGQLQHWQLQHSHRSOHDQGWKHQPDGHDQ 
LQTXLUDERXWWKHPRVWOHDUQHGSHUVRQRQWKHHDUWK...
SHRSOHGHYRWHGWRSUDHUDQGZRUVKLSRI$OODKMRLQWKHPLQZRUVKLSDQGGR 
QRWFRPHEDFNWRRXUODQGEHFDXVHLWLVDQHYLOSODFH
6RKHZHQWDZDDQGKDUG...
ZKHUH 
KHLQWHQGHGWRJRDQGVRWKHDQJHOVRIPHUFFROOHFWHGKLVVRXO 
$O%XNKDULDQG0XVOLP@ 
,QDQRWKHUYHUVLRQ +HZDVIRXQGWREHQHDUHUWRWKH...
WRPRYHDZDDQGFRPPDQGHGWKHRWKHUODQGKLVGHVWLQDWLRQ
WRGUDZQHDUHUDQGWKHQ+HVDLG1RZ 
PHDVXUHWKHGLVWDQFHEHWZHHQWKHP
,WZDVIRXQGWKDWKHZDVQHDUHUWRKLVJRDOEDKDQG
VVSDQDQG 
ZDVWKXVIRUJ...
ZKHQKHEHFDPHEOLQGQDUUDWHG,KHDUG.DCEELQ0DOLN0D$OODKEHSOHDVHGZLWKKLP
QDUUDWLQJWKH 
VWRURIKLVUHPDLQLQJEHKLQGLQVWHDGRI MRLQLQJ0HVVHQJHURI$OODK3%8+
ZKHQKHOHIWIRUWKH 
EDWWOHRI7DEXN.DCEVDLG,DFFRPSDQLHG0HVVHQJHURI$OODK3%8+
LQHYHUH[SHGLWLRQZKLFKKH 
XQGHUWRRNH[FHSWLQJWKHEDWWOHRI7DEXNDQGWKHEDWWOHRI%DGU$VIRUWKHEDWWOHRI%DGUQRERGZDV 
EODPHGIRUUHPDLQ...
DQGWKH0XVOLPVZKHQWKHVHWRXWKDG 
LQPLQGRQOWRLQWHUFHSWWKHFDUDYDQRIWKH4XUDLVK$OODKPDGHWKHPFRQIURQWWKHLUHQHPLHV 
XQH[SHFWHGO,KD...
RQWKHQLJKWRIC$TDEDK 
ZKHQZHSOHGJHGRXUDOOHJLDQFHWR,VODPDQGLWZDVGHDUHUWRPHWKDQSDUWLFLSDWLQJLQWKHEDWWOHRI 
%DGUDOWKRXJK%DGUZD...
GHFLGHGWRJRRQD 
FDPSDLJQKHZRXOGQRWGLVFORVHKLVUHDOGHVWLQDWLRQWLOOWKHODVWPRPHQWRIGHSDUWXUH
%XWRQWKLV
H[SHGLWLRQKHVHWRXWLQH[WUHPHOKRWZHDWKHUWKHMRXUQHZDVORQJDQGWKHWHUUDLQZDVZDWHUOHVV 
GHVHUWDQGKHKDGWRIDFHDVWURQJDUPVRKHLQIRUPH...
DWWKDWWLPHZHUHLQODUJHQXPEHUEXWQRSURSHUUHFRUGRIWKHPZDVPDLQWDLQHG

.DCE 
IXUWKHU
VDLG)HZZHUHWKHSHUVRQVZKRFKRVHWRUHPDLQDEVHQWEHOLHYLQJWKDWWKHFRXOGHDVLOKLGH 
WKHPVHOYHVDQGWKXVUHPDLQXQGHWHFWHG
XQOHVV5HYHODWLRQIURP$OODKWKH([DOWHGDQG*ORULRXV 
UHYHDOHGUHODWLQJWRWKHP
$QG0HVVHQJHURI$OODK3%8+
VHWRXWRQWKLVH[SHGLWLRQZKHQWKHIUXLW 
ZHUHULSHDQGWKHLUVKDGHZDVVRXJKW,KDGDZHDNQHVVIRUWKHPDQGLWZDVGXULQJWKLVVHDVRQWKDW 
0HVVHQ...
DQGWKH0XVOLPVPDGHSUHSDUDWLRQV,DOVRZRXOGVHWRXWLQWKHPRUQLQJWR 
PDNHSUHSDUDWLRQVDORQJZLWKWKHPEXWZRXOGFRPHEDFNKDYLQJGRQHQRWKLQ...
DVVRRQDV,OLNH
$QG,ZHQWRQGRLQJWKLVSRVWSRQLQJP 
SUHSDUDWLRQV
WLOOWKHWLPHRIGHSDUWXUHFDPHDQGLWZDVLQWKHPRUQLQJWKDW0HVVHQJHURI$OODK3%8+
VHWRXWDORQJZLWKWKH0XVOLPVEXW,KDGPDGHQRSUHSDUDWLRQV,ZRXOGJRHDUOLQWKHPRUQLQJDQG 
FRPHEDFNEXWZLWKQRGHFLVLRQ,ZHQWRQGRLQJVRXQWL...
KDVWHQHGDQGFRYHUHGD 
JRRGGHDORIGLVWDQFH7KHQ,ZLVKHGWRPDUFKRQDQGMRLQWKHP:RXOGWKDW,KDGGRQHWKDW%XW 
SHUKDSVLWZDVQRWGHVWLQHGIRU...
ZKHQHYHU, 
ZHQWRXW,ZDVJULHYHGWRILQGQRJRRGH[DPSOHWRIROORZEXWFRQILUPHGKSRFULWHVRUZHDNSHRSOH 
ZKRP$OODKKDGH[HPSWHGIURPPDUFKLQ...
0HVVHQJHURI$OODK3%8+
PDGHQR 
PHQWLRQRIPHXQWLOKHUHDFKHG7DEXN:KLOHKHZDVVLWWLQJZLWKWKHSHRSOHLQ7DEXNKHVDLG C:KDW 
KDSSHQHGWR.DCEELQ0DOLN
 $SHUVRQIU...
RIKLVFORDNDQGDQDSSUHFLDWLRQRI KLVILQHUKDYHGHWDLQHGKLP
8SRQWKLV0XCDGKELQ-DEDO 
0DW$OODKEHSOHDVHGZLWKKLP
DGPRQLVKHGKLPDQGVDLGWR0HVVHQJHURI$OODK3%8+
%$OODK 
ZHNQRZQRWKLQJDERXWKLPEXWJRRG
0HVVHQJHURI$OODK3%8+
KRZHYHUNHSWTXLHW$WWKDWWLPH 
KHWKH3URSKHW3%8+
VDZDSHUVRQGUHVVHGLQZKLWHDQGVDLG C%H$EX.KDLWKDPDK
$QGZDV$EX 
.KDLWKDPDK$O$QVDULZDVWKHSHUVRQZKRKDGFRQWULEXWHGD6DCRIGDWHVDQGZ...
ZDVRQKLVZDEDFNIURP7DEXN,ZDVJUHDWOGLVWUHVVHG,WKRXJKWRIIDEULFDWLQJDQH[FXVHDQGDVNHG 
PVHOIKRZ,ZRXOGVDYHPVHOIIURPKLVDQJHUWKHQH...
ZDVDERXWWR 
DUULYHDOOWKHZLFNHGLGHDVYDQLVKHGIURPPPLQG
DQG,FDPHWRWKHFRQFOXVLRQWKDWQRWKLQJEXWWKH 
WUXWKFRXOGVDYHPH6R,GHFLGHGWRWHOOKLPWKHWUXWK,WZDVLQWKHPRUQLQJWKDW0HVVHQJHURI$OODK...
DUULYHGLQ$O0DGLQDK,WZDVKLVKDELWWKDWZKHQHYHUKHFDPHEDFNIURPDMRXUQHKHZRXOG 
ILUVWJRWRWKHPRVTXHDQGSHUIRUPWZR5DNCDKRIRSWLRQDO S...
DQGZRXOGWKHQVLWZLWKWKHSHRSOH 
:KHQKHVDWWKRVHZKRKDGUHPDLQHGEHKLQGKLPEHJDQWRSXWIRUZDUGWKHLUH[FXVHVDQGWDNHDQRDWK 
EHIRUHKLP7K...
DFFHSWHGWKHLU 
H[FXVHVRQWKHYHUIDFHRIWKHPDQGDFFHSWHGWKHLUDOOHJLDQFHDQGVRXJKWIRUJLYHQHVVIRUWKHPDQGOHIW 
WKHLULQVLJKWVWR$OODK...
%$OODKWKHUHLVQRYDOLGH[FXVHIRUPH 
%$OODK,QHYHUSRVVHVVHGVRJRRGPHDQVDQG,QHYHUKDGVXFKIDYRXUDEOHFRQGLWLRQVIRUPHDV,KDG 
ZKHQ,VWD...
VDLG 
7KLVPDQVSRNHWKHWUXWKVRJHW 
XSDQGZDLW
XQWLO$OODKJLYHVDGHFLVLRQDERXWRX
 ,OHIWDQGVRPHSHRSOHRI %DQX6DOLPDKIROORZHG 
PH7KHVDLGWRPHC%$OODKZHGRQRWNQRZWKDWRXFRPPLWWHGD...
OLNHWKRVHZKRVWDHG 
EHKLQGKLP,WZRXOGKDYHEHHQHQRXJKIRUWKHIRUJLYHQHVVRIRXUVLQWKDW0HVVHQJHURI$OODK 
3%8+
ZRXOGKDYHVRXJKWIRUJLYHQHVVIRURX
%$OODKWKHNHSWRQUHSURDFKLQJPHXQWLO,WKRXJKW 
RIJRLQJEDFNWR0HVVHQJHURI$OODK3%8+
DQGUHWUDFWPFRQIHVVLRQ7KHQ,VDLGWRWKHP
+DV 
DQRQHHOVHPHWWKHVDPHIDWH
7KHVDLG
HVWZRSHUVRQVKDYHPHWWKHVDPHIDWH7KHPDGH WKH 
VDPHV...
SURKLELWHGWKH0XVOLPVWRWDONWRWKH 
WKUHHRIXVIURPDPRQJVWWKRVHZKRKDGVWDHGEHKLQG7KHSHRSOHEHJDQWRDYRLGXVDQGWKHLUDWWLWXGH 
WRZDUG...
:H
VSHQWILIWQLJKWVLQWKLVYHUVWDWHDQGPWZRIULHQGVFRQILQHGWKHPVHOYHVZLWKLQWKHLUKRXVHVDQG 
VSHQWPRVWRIWKHLU
WLPHZHHSLQJ$V,ZDVWKHRXQJHVWDQGWKHVWURQJHVW,ZRXOGOHDYHPKRXVH 
DWWHQGWKHFRQJUHJDWLRQDO6DODWPRYHDERXWLQWKHED]DDUVEXWQRQHZRXOG...
DVKHVDWDPRQJVWSHRSOH
DIWHUWKH6DODWJUHHWKLPDQGZRXOGDVN 
PVHOIZKHWKHURUQRWKLVOLSVPRYHGLQUHVSRQVHWRPJUHHWLQJV7KHQ,ZRXOGSHUIRUP6DODWQHDUKLP 
DQGORR...
OHQJWKRIWLPH,ZDONHGDQG,FOLPEHGXSRQWKHZDOORIWKHJDUGHQRI 
$EX4DWDGDKZKRZDVPFRXVLQDQG,KDGDJUHDWORYHIRUKLP,JUHHWHGKLPEXWE$OODK...
,DVNHGKLPWKHVDPHTXHVWLRQDJDLQEXWKH 
UHPDLQHGVLOHQW,DJDLQDGMXUHGKLPZKHUHXSRQKHVDLGC$OODKDQG+LV0HVVHQJHU3%8+
NQRZ 
EHWWHU
0HHVZHUHILOOHGZLWKWHDUVDQG,FDPHEDFNFOLPELQJGRZQWKHZDOO 
$V,ZDVZDONLQJLQWKHED]DDUVRI$O0DGLQDKDPDQIURPWKH6ULDQS...
ZDVWUHDWLQJRX 
KDUVKO$OODKKDVQRWFUHDWHGRXIRUDSODFHZKHUHRXDUHWREHGHJUDGHGDQGZKHUHRXFDQQRWILQG 
RXUULJKWSODFHVRFRPHWRXVDQGZH...
UHFHLYHGQR5HYHODWLRQWKHUHFDPHWRPHDPHVVHQJHURIWKH0HVVHQJHURI$OODKDQGVDLGC9HULO 
0HVVHQJHURI$OODK3%8+
KDVFRPPDQGHGRXWRNHHSDZDIURPRXUZLIH
,VDLGC6KRXOG, 
GLYRUFHKHURUZKDWHOVHVKRXOG,GR
+HVDLGC1REXWRQONHHSDZDIURPKHUDQGGRQ
WKDYHV...
DQGVDLG
20HVVHQJHURI$OODK+LODOELQ 
8PDLDKLVDVHQLOHSHUVRQDQGKDVQR VHUYDQW'RRXGLVDSSURYHLI,VHUYHKLP
+HVDLG C1REXW 
GRQ
WOHWK...
VWUXFNKLP
0HPEHUVRIPIDPLOVDLGWRPH 
CRXVKRXOGKDYHVRXJKWSHUPLVVLRQIURP0HVVHQJHURI$OODK3%8+
LQUHJDUGWRRXUZLIH+HKDV 
DOORZHGWKHZLIHRI+LODOELQ8PDLDKWRVHUYHKLP
,VDLG
,ZRXOGQRWVHHNSHUPLVVLRQIURP 
0HVVHQJHURI$OODK3%8+
IRU,GRQRWNQRZZKDW0HVVHQJHURI$OODKPLJKWVDLQUHVSRQVHWRWKDW 
DV,DPDRXQJPDQ
,WZDVLQWKLVVWDWHWKDW,VSHQWWHQPRUHQLJKWVDQGWKXVILIW...
UHOLHIIRUPH 
0HVVHQJHURI$OODK3%8+
KDGLQIRUPHGWKHSHRSOHDERXWWKHDFFHSWDQFHRIRXUUHSHQWDQFHE$OODK 
DIWHUKH KDGRIIHUHGWKH)DMUSUDHU6RWKHSHRSOHZHQWRQWRJLYHXVJODGWL...
DQGDQRWKHURQHIURPWKHWULEHRI$VODPFDPHUXQQLQJIRUWKHVDPHSXUSRVHDQG 
DVKHDSSURDFKHGWKHPRXQW,UHFHLYHGWKHJRRGQHZVZKLFKUHDFKHGPHE...
H[FHSWWKHVHJDUPHQWVDWWKDWWLPH7KHQ,ERUURZHGWZRJDUPHQWVGUHVVHGPVHOIDQGFDPHWR 
0HVVHQJHURI$OODK3%8+
2QPZD,PHWJURXSVRISHRSOHZKRJUHHWHGPHIRUWKHDFFHSWDQFH 
RI
UHSHQWDQFHDQGWKHVDLG
RQJUDWXODWLRQVIRUDFFHSWDQFHRIRXUUHSHQWDQFH
,UHDFKHGWKHPRVTXH 
ZKHUH0HVVHQJHURI$OODK3%8+
ZDVVLWWLQJDPLGVWSHRSOH7DOKDKELQC8EDLGXOODKJRWXSDQG 
UXVKHGWRZDUGVPHVKRRNKDQGVZLWKPHDQGJUHHWHGPH%$OODKQRSHUVRQVWRRGXSWRJUHH...
IURPDPRQJVWWKH0XKDMLUXQEHVLGHVKLP

.DCEVDLGWKDWKHQHYHUIRUJRWWKLVJRRGJHVWXUHRI
7DOKDK 
.DCEIXUWKHUVDLG,JUHHWHG0HVVHQJHURI$OODK3%8+
ZLWKC$VVDODPXCDODLNXP
DQGKLVIDFHZDV 
EHDPLQJZLWKSOHDVXUH+H3%8+
VDLG C5HMRLFHZLWKWKHEHVWGDRXKDYHHYHUVHHQVLQFHRXU 
PRWKHUJDYHRXELUWK 
,VDLGC20HVVHQJHURI$OODK,VWKLVJRRGQHZV
IURPRXRUIURP$OODK
+H 
VDLG C1RLWLVIURP$OODK
$QGLWZDVFRPPRQZLWK0HVVHQJHURI$OODK3%8+
WKDWZKHQHYHUKH 
ZDVKDSSKLVIDFHZRXOGJORZDVLILWZHUHDSDUWRIWKHPRRQDQGLWZDVIURPWKLVWKDWZHUHFRJQL]HG 
LWKLVGHOLJKW
$V,VDWEHIRUHKLP,VDLG,KDYHSODFHGDFRQGLWLRQXSRQPVHOIWKDWLI$OODKDFFHSWV 
P7DXEDK,ZRXOGJLYHXSDOORIPSURSHUWLQFKDULWIRUWKHVDNHRI...
7KHUHXSRQ0HVVHQJHURI$OODK3%8+
VDLG C.HHSVRPHSURSHUWZLWKRXDVLWLVEHWWHU
IRURX
 ,VDLG
,VKDOONHHSZLWKPHWKDWSRUWLRQZKLFKLVLQ.KDLEDU
,DGGHG
20HVVHQJHURI$OODK 
9HULO$OODKKDVJUDQWHGPHVDOYDWLRQEHFDXVHR...
%$OODK6LQFHWKHWLPH,PDGHDSOHGJHRIWKLVWR0HVVHQJHURI$OODK3%8+
,KDYHQHYHU 
LQWHQGHGWRWHOODOLHDQG,KRSHWKDW$OODKZRXOGSURWHFWPHDJDLQVWWHOOLQJOLHV
IRUWKHUHVWRIPOLIH 
$OODKWKH([DOWHGWKH*ORULRXVUHYHDOHGWKHVH9HUVHV 

$OODKKDVIRUJLYHQWKH3URSKHW3%8+
WKH0XKDMLUXQ0XVOLP(PLJUDQWVZKROHIWWKHLUKRPHVDQG 
FDPHWR$O0DGLQDK
DQGWKH$QVDU0XVOLPVRI$O0DGLQDK
ZKRIROORZHGKLP0XKDPPDG 
3%8+
LQWKHWLPHRIGLVWUHVV7DEXNH[SHGLWLRQ
DIWHUWKHKHDUWVRIDSDUWRIWKHPKDGQHDUO 
GHYLDWHGIURPWKH5LJKW3DWK
EXW+HDFFHSWHGWKHLUUHSHQWDQFHHUWDLQO+HLVXQWRWKHPIXOORI 
NLQGQHVV0RVW0HUFLIXO$QG +HGLGIRUJLYHDOVR
WKHWKUHHZKRGLGQRWMRLQWKH7DEXNH[SHGLWLRQ 
DQGZKRVHFDVHZDVGHIHUUHGEWKH3URSKHW3%8+
IRU$OODK
V'HFLVLRQ@WLOOIRUWKHPWKHHDUWKYDVW 
DVLWLVZDVVWUDLWHQHGDQGWKHLURZQVHOYHVZHUHVWUDLWHQHGWRWKHPDQGWKHSHUFHLYHGWKDWWKH...
WKDWWKHPLJKWEHJIRU+LV3DUGRQUHSHQWXQWR+LP
@9HULO$OODKLVWKH2QH:KRIRUJLYHVDQG 
DFFHSWVUHSHQWDQFH0RVW0HUFLIXO2RXZKREHOLHYH%HDIUDLGRI$OODKDQGEHZLWKWKRVHZKRDUH 
WUXHLQZR...
.DCEVDLG%$OODKVLQFH$OODKJXLGHGPHWR,VODPWKHUHKDVEHHQQREOHVVLQJPRUHVLJQLILFDQWIRU 
PHWKDQWKLVWUXWKRIPLQHZKLFK,VSRNHWR0HVVHQJ...
DQGLI,ZHUHWRWHOODOLH, 
ZRXOGKDYHEHHQUXLQHGDVZHUHUXLQHGWKRVHZKRKDGWROGOLHVIRU$OODKGHVFULEHGWKRVHZKRWROGOLHV 
ZLWKWKHZRUVWGH...
ZKHQRXUHWXUQWRWKHPWKDWRXPDWXUQDZDIURP 
WKHP6RWXUQDZDIURPWKHP6XUHOWKHDUH5LMVXQLH1DMDVXQLPSXUH
EHFDXVHRIWKHLUHYLO 
GHHGV@DQG+HOOLVWKHLUGZHOOLQJSODFH DUHFRPSHQVHIRUWKDWZKLFKWKHXVHGWRHDUQ7KHWKH 
KSRFULWHV
VZHDUWRRX0XVOLPV
WKDWRXPDEHSOHDVHGZLWKWKHPEXWLIRXDUHSOHDVHGZLWK 
WKHPFHUWDLQO$OODKLVQRWSOHDVHGZLWKWKHSHRSOHZKRDUH$O)D
VLTXQUHEHOOLRXVGLVREH...
.DCEIXUWKHUDGGHG7KHPDWWHURIWKHWKUHHRIXVUHPDLQHGSHQGLQJIRUGHFLVLRQDSDUWIURPWKHFDVH 
RIWKRVHZKRKDGPDGHH[FXVHVRQRDWKEHIRUH0HV...
DQGKHDFFHSWHGWKRVH 
WRRNIUHVKRDWKVRIDOOHJLDQFHIURPWKHPDQGVXSSOLFDWHGIRUWKHLUIRUJLYHQHVV7KH3URSKHW3%8+
NHSWRXUPDWWHUSHQGLQJWLOO$OODKGHFLGHGLW 7KHWKUHHZKRVHPDWWHUZDVGHIHUUHGKDYHEHHQVKRZQ 
PHUF 7KHUHIHUHQFHKHUHLVQRWWRRXUVWDLQJE...
VHWRXWIRU7DEXNRQ7KXUVGD+HXVHGWRSUHIHU 
WRVHWRXWRQMRXUQHRQ7KXUVGD

$QRWKHUYHUVLRQVDV0HVVHQJHURI$OODK3%8+
XVHGWRFRPH 
EDFNIURPDMRXUQHLQWKHHDUOIRUHQRRQDQGZHQWVWUDLJKWWRWKHPRVTXHZKHUHKHZRXOGSHUIRUP 
WZR5DNCDKSUDHU$IWHUZDUGVKHZRXOG...
2QHPXVWIDFHZLWKIRUEHDUDQFHWKHGLIILFXOWLHVZKLFKFRPHLQWKHZDRI'HHQ 
,WLVQRWSUDLVHZRUWKWKDWRQHJLYHVLQFKDULWDOOWKHSURSHUWKHKDV2...
UHSRUWHG$ZRPDQIURPWKH 
WULEH-XKDLQDKFDPHWR0HVVHQJHURI$OODK3%8+
ZKLOHVKHZDVSUHJQDQWIURP=LQD
DGXOWHUDQG 
VDLGWRKLP20HVVHQJHURI$OODK,KDYHFRPPLWWHGDQRIIHQVHOLDEOHWR+DGGSUHVFULEHG 
SXQLVKPHQW
VRH[DFWWKHH[HFXWLRQRIWKHVHQWHQFH

0HVVHQJHURI$OODK3%8+
FDOOHGKHUJXDUGLDQ 
DQGVDLGWRKLP 7UHDWKHUNLQGO%ULQJKHUWRPHDIWHUWKHGHOLYHURIWKHFKLOG

 7KDWPDQFRPSOLHG 
ZLWKWKHRUGHUV$WODVWW...
FRPPDQGHGWRFDUURXWWKHVHQWHQFH+HUFORWKHVZHUH 
VHFXUHGDURXQGKHUDQGVKHZDVVWRQHGWRGHDWK7KH3URSKHW3%8+
OHGKHUIXQHUDOSUDHUVC8PDU 
VXEPLWWHG20HVVHQJHURI$OODK6KHFRPPLWWHG=LQDDQGRXKDYHSHUIRUPHGIXQHUDOSUDHUIRU 
KHU

+HUHSOLHG 9HUL...
UHSRUWHG0HVVHQJHURI$OODK 
3%8+
VDLG ,IDVRQRI$GDPZHUHWRRZQDYDOOHIXOORIJROGKHZRXOGGHVLUHWRKDYHWZR 
1RWKLQJFDQILOOKLVPRXWKH[FHSWWKHHDUWKRIWKHJUDYH
$OODKWXUQVZLWKPHUFWRKLPZKRWXUQVWR 
+LPLQUHSHQWDQFH 
$O%XNKDULDQG0XVOLP@ 
RPPHQWDU 7KLV+DGLWKGHDOVZLWKPDQ
VJUHHGDQGKLVOXVWI...
UHSRUWHG0HVVHQJHURI$OODK3%8+
VDLG $OODK 
WKH([DOWHGVPLOHVDWWZRPHQRQHRIWKHPNLOOHGWKHRWKHUDQGERWKZLOOHQWHU-DQQDK7KHILUVWLV 
NLOOHGEWKHRWKHUZKLOHKHLVILJKW...
ILJKWLQJLQWKHDXVH 
RI$OODK

 
$O%XNKDULDQG0XVOLP@
RPPHQWDU (YHQWKHJUHDWHVWVLQVLQFOXGLQJWKRVHZKLFKRQHKDVFRPPLWWHGEHIRUHHPEUDFLQJ 
,VODPDUHIRUJLYHQEUHSHQWDQFH 
6PLOLQJLVDOVRR...
$QGFHUWDLQO:HVKDOOWHVWRXZLWKVRPHWKLQJRIIHDUKXQJHUORVVRIZHDOWKOLYHVDQGIUXLWV 
EXWJLYHJODGWLGLQJVWR$V6DELUXQWKHSDWLHQW
2QOWKRVHZKRDUHSDWLHQWVKDOOUHFHLYHWKHLUUHZDUGLQIXOOZLWKRXWUHFNRQLQJ
$QGYHULOZKRVRHYHUVKRZVSDWLHQFHDQGIRUJLYHVWKDWZRXOGWUXOEHIURPWKHWKLQJV 
UHFRPPHQGHGE$OODK
6HHNKHOSLQSDWLHQFHDQG$V6DODWWKHSUDHU
7UXO$OODKLVZLWK$V6DELUXQWKHSDWLHQW
$QGVXUHO:HVKDOOWURXWLOO:HWHVWWKRVHZKRVWULYHKDUGIRUWKHDXVHRI$OODK
DQG$V  
6DELUXQWKHSDWLHQW
7KHUHDUHQXPHURXV9HUVHVRIWKH1REOH4XU
DQLQFXOFDWLQJSDWLHQFHDQGH[WROOLQJLW 
 $EX0DOLN$O+DULWKELQ$VLP$O$VKCDU0D $OODKEHSOHDVHG...
UHSRUWHGWKDW7KH 
0HVVHQJHURI$OODK3%8+
VDLG :XGX
LVKDOIRI6DODKWKHXWWHUDQFHRI $OKDPGXOLOODK DOO 
SUDLVHEHORQJVWR$OODK
ILOOVWKH6FDOHVRIJRRGDFWLRQVWKHXWWHUDQFHRI6XEKDQ$OODKZD$OKDPGX 
OLOODK
$OODKLVIDUUHPRYHGIURPHYHULPSHUIHFWLRQDQGDOOSUDLVHEHORQJVWR$OODK
ILOOVWKHVSDFH 
EHWZHHQWKHKHDYHQVDQGWKHHDUWKDQG6DODWSUDHU
LVOLJKWDQGFKDULWLVWKHSURRIRI)DLWKDQG 
HQGXUDQFHLVOLJKWDQGWKH4XU
DQLVDSOHDLQRXUIDYRXU RUDJDLQVWRX(YHUSHUVRQGHSDUWVKH 
HLWKH...
2QHVKRXOGQRWOHDYHRQHVHOILGOHEXWNHHSLWEXV EXVLQVRPHQREOHZRUNRWKHUZLVHLWZRXOG 
WHQGWRHYLOZKLFKZLOOHYHQWXDOOUXLQKLP 
2QHVKRXO...
UHSRUWHGWKDWHUWDLQSHRSOHRIWKH$QVDU 
DVNHGWKH0HVVHQJHURI$OODK3%8+
DQGKHJDYHWKHPWKHQWKHDJDLQDVNHGKLPDQGKHJDYHWKHP 
XQWLODOOZKDWKHSRVVHVVHGZDVH[KDXVWHG7KHQWKH3URSKHW3%8+
VDLG :KDWHYHUZHDOWK,KDYH, 
ZLOOQRWZLWKKROGIURPRX:KRVRHYHUZRXOGEHFKDVWHDQGPRGHVW$OODKZLOONHHSKLPFKDVWHDQG 
PRGHVWDQGZKRVRHY...
KHKDVEHHQRUGDLQHGE$OODKWRDGRSWSDWLHQFHFRQWHQWPHQWDQGVHOIUHVSHFWDQGWRDYRLG 
DQRQH
VIDYRXU 
 $EXDKD6XKDLEELQ6LQDQ0D$OODKEHSO...
UHSRUWHGWKDW7KH0HVVHQJHURI 
$OODK3%8+
VDLG +RZZRQGHUIXOLVWKHFDVHRIDEHOLHYHUWKHUHLVJRRGIRUKLPLQHYHUWKLQJDQG 
WKLVDSSOLHVRQOWRDEHOLHYHU,ISURVSHULWDWWHQGVKLPKHH[SU...
UHSRUWHG:KHQWKHODVWLOOQHVVRI0HVVHQJHURI$OODK 
3%8+
PDGHKLPXQFRQVFLRXV)DWLPDK0D$OODKEHSOHDVHGZLWKKHU
H[FODLPHG$KWKHGLVWUHVV 
RIPGHDUIDWKHU

+H3%8+
VDLG 7KHUHZLOOEHQRGLVWUHVVIRURXUIDWKHUDIWHUWRGD:KHQKH 
GLHGVKHVDLG0IDWKHU$OODKKDVFDOOHGRXEDFNDQGRXKDYHUHVSRQGHGWR+LVDOO2ID...
0HVVHQJHURI$OODK3%8+
$O%XNKDUL@ 
RPPHQWDU 7KLV+DGLWKVKRZVWKDWLWLVSHUPLVVLEOHWRH[SUHVVWKHWURXEOHDQGUHVWOHVVQHVVZKLFK 
RQHIHHOVDWWKHWLPHRIGHDWK6L...
DUHDOVRDZDRIH[SUHVVLQJJULHI DQGVDGQHVVDQG 
QRWDFULWLFLVPRQWKHEXULDORIWKH3URSKHW3%8+
EHFDXVHVXFKFULWLFLVPLVSURKLELWHGE6KDULCDK 
DQGQRRQHLVH[HPSWHGIURPLW 
 8VDPDKELQ=DLG0D$OODKEHSOHDVHGZLWKWKHP
QDUUDWHG7KHGDXJKWHURIWKH3URSKHW3%8+
VHQWIRUKLPDVKHUFKLOGZDVGLQJEXWWKH3URSKHW3%8+
UHWXUQHGWKHPHVVHQJHUDQGVHQWKHUJRRG 
ZLVKHVVDLQJ :KDWHYHU$OODKWDNHVDZDRUJLYHVEHORQJVWR+LPDQGHYHUWKLQJZLWK+LPKDVD 
OLPLWHGIL...
DQGVRVKHVKRXOGEHSDWLHQWDQGDQWLFLSDWH$OODK
VUHZDUG

 6KH 
DJDLQVHQWIRUKLPDGMXULQJKLPIRUWKHVDNHRI$OODKWRFRPH7KH0HVVHQJHURI$O...
VWUHDPHGZLWKWHDUV6DCGVDLG20HVVHQJHURI 
$OODK:KDWLVWKLV

+HUHSOLHG ,WLVFRPSDVVLRQZKLFK$OODKKDVSODFHGLQWKHKHDUWVRI+LVVODYHV ...
$QRWKHUYHUVLRQVDV0HVVHQJHURI$OODK3%8+
VDLG $OODKVKRZVFRPSDVVLRQRQOWRWKRVH 
DPRQJ+LVVODYHVZKRDUHFRPSDVVLRQDWH 
$O%XNKDULDQG0XVOLP@ 
RPPHQWDU 
*DWKHULQJRIDOOWKHUH...
7KHGHVLUHRIWKHUHODWLYHVWKDWDWWKHWLPHRIVRPHRQH
VGHDWKVRPHSLRXVSHRSOHVKRXOGEHSUHVHQWLV 
TXLWHJHQXLQHVRWKDWWKHDJRQL]LQJSURFHV...
UHSRUWHGWKDWWKH0HVVHQJHURI$OODK3%8+
VDLG 7KHUH 
OLYHGDNLQJEHIRUHRXDQGKHKDGDFRXUWPDJLFLDQ$VKHWKHPDJLFLDQ
JUHZROGKHVDLGWRWKHNLQJ 
C,KDYHJURZQROGVRVHQGPHD RXQJERLQRUGHUWRWHDFKKLPPDJLF
7KHNLQJVHQWKLPDRXQJ 
ERWRVHUYHWKHSXUSRVH$QGRQ...
WKHRXQJERPHWDPRQNWRZKRPKH 
OLVWHQHGWRDQGOLNHGLW,WEHFDPHKLVKDELWWKDWRQKLVZDWRWKHPDJLFLDQKHZRXOGPHHWWKHPRQN 
DQGVLWWKHUHDQGZ...
7KHPDJLFLDQXVHGWREHDWKLPEHFDXVHRIWKLV 
GHOD+HFRPSODLQHGDERXWWKLVWRWKHPRQNZKRVDLGWRKLP
:KHQRXIHHODIUDLGRIWKHPDJLFLDQ 
VD0HP...
DQGWKDWRXQJERFDPHZDONLQJWRWKHNLQJ 
7KHNLQJVDLGWRKLPC:KDWKDSSHQHGWRRXUFRPSDQLRQV
+HVDLGC$OODKKDVVDYHGPHIURPWKHP
+HDJDLQKDQGHGKLPWRVRPHRIKLVFRXUWLHUVDQGVDLGC7DNHKLPDQGFDUUKLPLQDERDWDQGZKHQ 
RXUHDFKWKHPLGGOHRIWKHVHDDVNKLPWRUHQRXQFHKLVUH...
6RWKHWRRNKLPDQGKHVDLGC2$OODKVDYHPHIURPWKHP
7KHERDW 
WXUQHGXSVLGHGRZQDQGWKHDOOGURZQHGH[FHSWWKHRXQJERZKRFDPHZDONLQJWRWKHNLQJ...
UHOLJLRQ WKURZKLP 
LQWKHILUH
RUCKHZRXOGEHRUGHUHGWRMXPSLQWRLW
7KHGLGVRWLOODZRPDQFDPHZLWKKHUFKLOG6KH 
IHOWKHVLWDQWLQMXPSLQJL...
IRURXDUH 
RQWKH5LJKW3DWK 
0XVOLP@ 
RPPHQWDU 
7KHPRVWLPSRUWDQWOHVVRQRIWKLV+DGLWKLVWKDWZKDWHYHUGLIILFXOWLHVRQHKDVWRIDFHRQWKH...
UHSRUWHG7KH3URSKHW3%8+
SDVVHGEDZRPDQZKRZDV 
FULQJRYHUDJUDYHDQGVDLG )HDU$OODKDQGEHSDWLHQW

 6KHVDLG$ZDIURPPH0FDODPLWKDV 
QRWEHIDOOHQRXDQGRXDUH QRW...
ZKRKDGDGYLVHGKHU
6KHFDPHWRKLVGRRUZKHUHVKHIRXQGQRGRRUNHHSHU6KHVDLG,DPVRUU
, 
GLGQRWNQRZRX

0HVVHQJHURI$OODK3%8+
VDLG 3DWLHQFHLVEHFRPLQJ
RQODWWKHILUVWVWURNH
RIJULHI 
$O%XNKDULDQG0XVOLP@ 
$QRWKHUQDUUDWLRQLQ0XVOLPVDV7KHZRPDQZDVFULQJRYHUKHUVRQ 
RPPHQWDU 7KLV+DGLWKLQGLFDWHVWKHH[FHOO...
ZDVQHLWKHUDQQRHGQRUGLG 
KHUHSURDFKKHU:KHQVKHDSSHDUHGEHIRUHKLPIRUWKHVHFRQGWLPHKHDJDLQUHSHDWHGKLVDGYLFHIRU 
SDWLHQFH7KLV+DGL...
UHSRUWHG7KH0HVVHQJHURI$OODK3%8+
VDLG 
$OODKWKH([DOWHGVDV
,KDYHQRUHZDUGRWKHUWKDQ-DQQDKIRUDEHOLHYLQJVODYHRI0LQHZKR 
UHPDLQVSDWLHQWIRU0VDNHZKHQ,WDNHDZDKLVEHO...
RPPHQWDU KLOGZLIHDQGSDUHQWVHWFDUHWKHGHDUHVWSHRSOHWRHYHURQH,WLVDJUHDWVLJQRI 
)DLWKWRDFFHSWWKHLUGHDWKDVWKH:LOORI$OODKWREHDUW...
UHSRUWHG,DVNHGWKH0HVVHQJHURI$OODK3%8+
DERXW 
SHVWLOHQFHDQGKHVDLG ,WLVDSXQLVKPHQWZKLFK$OODKVHQGVXSRQZKRPVRHYHU+HZLOOVEXW$OODKKDV 
PDGHLWDVDPHUFWRWKHEHOLHYHUV$QRQ...
VDLG,KHDUGWKH0HVVHQJHURI$OODK3%8+
VDLQJ 
$OODKWKH*ORULRXVDQG([DOWHGVDLGC:KHQ,DIIOLFWPVODYHLQKLVWZRGHDUWKLQJVLHKLVHHV
DQGKHHQGXUHVSDWLHQWO,VKDOOFRPSHQVDWHKLPIRUWKHPZLWK-DQQDK 
$O%XNKDUL@ 
RPPHQWDU %OLQGQHVVLVWKHJUHDWHVWGHSULYDWLRQLQWKHZRUOG...
DVNHGKLPZKHWKHUKH 
ZRXOGOLNHWKDWKHVKRXOGVKRZKLPDZRPDQZKRLVIURPWKHSHRSOH-DQQDK:KHQKHUHSOLHGWKDWKH 
FHUWDLQOZRXOGKHVDLG7KLVE...
DQGVDLGC,VXIIHUIURP 
HSLOHSVDQGGXULQJILWVPERGLVH[SRVHGVRPDNHVXSSOLFDWLRQWR$OODKIRUPH
+H3%8+
UHSOLHG 
,IRXZLVKRXHQGXUHLWSDWLHQWODQGRXEHUHZDUGHGZLWK-DQQDKRULIRXZLVK,VKDOO 
PDNHVXSSOLFDWLRQWR$OODKWRFXUHRX
6KHVDLG
,VKD...
WKHQVXSSOLFDWHGIRUKHU 
$O%XNKDULDQG0XVOLP@ 
RPPHQWDU :KLOHFRQWLQXLQJPHGLFDOWUHDWPHQWRQHVKRXOGQRWLJQRUHKLVSUDHUWR$OODKEHFDX...
UHSRUWHG,FDQVWLOOUHFDOODVLI,DPVHHLQJ 
WKH0HVVHQJHURI$OODK3%8+
UHVHPEOLQJRQHRIWKH3URSKHWVZKRVHSHRSOHVFRXUJHGKLPDQGVKHG 
KLVEORRGZKLOHKHZLSHGEORRGIURPKLVIDFHKHVDLG2$OODK)RUJLYHPSHRSOHEHF...
UHSRUWHGWKDWWKH3URSKHW3%8+
VDLG 1HYHUDEHOLHYHULVVWULFNHQZLWKDGLVFRPIRUWDQLOOQHVVDQDQ[LHWDJULHIRUPHQWDOZRUURU 
HYHQWKHSULFNLQJRIDWKRUQEXW$OODKZLOOH[SL...
RPPHQWDU 7KLV+DGLWKPHQWLRQVWKHVSHFLDO*UDFHDQG0HUFRI$OODKIRUWKH0XVOLPV,WUHODWHV 
KRZ$OODKWXUQVWKHKDUGVKLSVDQGWURXEOHVVXIIHU...
UHSRUWHG,YLVLWHGWKH3URSKHW3%8+
ZKHQKHZDV 
VXIIHULQJIHYHU,VDLGRXVHHPWREHVXIIHULQJJUHDWO20HVVHQJHURI$OODK

7KH3URSKHW3%8+
UHSOLHG HV,VXIIHUDVPXFKDVWZRSHUVRQV

 ,VDLG,VWKDWEHFDXVHRXKDYHDGRXEOHUHZDUG

+H 
UHSOLHG WKDWWKDWZDVVRDQGWKHQVDLG1R0XVOLPL...
EXW$OODKWKHUHEFDXVHVKLVVLQVWRIDOODZDMXVWDVDWUHHVKHGVLWV 
OHDYHV 
$O%XNKDULDQG0XVOLP@ 
RPPHQWDU 3URSKHWVKDYHWRIDFHPRUHWKDQR...
UHSRUWHGWKDW7KH0HVVHQJHURI$OODK3%8+
VDLG +HZKRP$OODKLQWHQGVJRRG+HPDNHVKLPWRVXIIHUIURPVRPHDIIOLFWLRQ 
$O%XNKDUL@ 
RPPHQWDU 7URXEOHVRIWKLVZRUOGOLNHJULHIFDODPLWG...
UHSRUWHGWKDW7KH0HVVHQJHURI$OODK3%8+
VDLG /HW 
QRWRQHRIRXZLVKIRUGHDWKEHFDXVHRIDPLVIRUWXQHZKLFKEHIDOOVKLP,I KHFDQQRWKHOSGRLQJVR 
KHVKRXOGVD
2$OODKNHHSPHDOLYHDVO...
UHSRUWHG:HFRPSODLQHGWRWKH0HVVHQJHU 
RI$OODK3%8+
UHJDUGLQJWKHSHUVHFXWLRQLQIOLFWHGXSRQXVEWKHGLVEHOLHYHUVZKLOHKHZDVOLQJLQ 
WKHVKDGHRIWKH.DCEDKKDYLQJPDGHDSLOORZRIKLVFORDN:HVX...
+H3%8+
UHSOLHG $PRQJWKRVHSHRSOHEHIRUHRXD 
PDQZRXOGEHVHL]HGDQGKHOGLQDSLWGXJIRUKLPLQWKHJURXQGDQGKHZRXOGEHVDZHGLQWRWZR 
KDOYHVIURPKL...
KDGSODFHGKLVFORDNXQGHUKLVKHDGDQGZHKDGEHHQWRUWXUHGEWKH 
SROWKHLVWV 
RPPHQWDU 
'LIILFXOWLHVLQWKHSDWKRI )DLWKGRQRWFRPHLQDQSDU...
GRHVWKHJROGDIWHUSDVVLQJWKURXJKWKHIXUQDFH6RLWLVXQEHFRPLQJIRUD0XVOLPWREHGLVWXUEHGE 
KDUGVKLSV 
7KHJODGWLGLQJVDERXWGRPLQDWLRQ...
UHSRUWHG$IWHUWKHEDWWOHRI+XQDLQ0HVVHQJHURI 
$OODK3%8+
IDYRXUHGVRPHSHRSOHLQWKHGLVWULEXWLRQRIVSRLOV IRUFRQVRODWLRQ
+HJDYH$O$TUDC 
ELQ+DELVDQGC8DLQDKELQ+LVQDKXQGUHGFDPHOVHDFKDQGVKRZHGIDYRXUDOVRWRVRPHPRUH 
KRQRXUDEOHSHUVRQVDPRQJWKH$UDEV6RP...
RIWKLV

,ZHQWWRKLPDQGLQIRUPHGKLP+LVIDFHEHFDPHUHGDQGKHVDLG:KRZLOOGR 
MXVWLFHLI$OODKDQG+LV0HVVHQJHUGRQRW

7KHQKHVDLG 0D$OODK...
0XVD 
0RVHV
KHZDVFDXVHGPRUHGLVWUHVVWKDQWKLVEXWKHUHPDLQHGSDWLHQW

+DYLQJKHDUGWKLV,VDLGWR 
PVHOI,VKDOOQHYHUFRQYHDQWKLQJRIWKLVNLQGWRKLPLQ...
ZDVDKSRFULWH'HYRXW0XVOLPVFRXOGQHYHUWKLQN 
WKDWWKH3URSKHW3%8+
FRXOGEHXQMXVWWRDQRQH7KLVLQFLGHQWDOVR JRHVWRSURYHWKDWWKH3URSKHW 
3%8+
DOVRIHOWDVPXFKDVRWKHUVGLGWKHWKLQJVZKLFKLQIXULDWHGRUSOHDVHGRWKHUVEHFDXVHKHZDVD 
PDQDQGQRWDVXSHUKXPDQEHLQJ 
 $QDV0D$OODKEHSO...
UHSRUWHGWKDW7KH0HVVHQJHURI$OODK3%8+
VDLG :KHQ 
$OODKLQWHQGVJRRGIRU+LVVODYH+HSXQLVKHVKLPLQWKLVZRUOGEXWZKHQ+HLQWHQGVDQHYLOIRU+LV 
VODYH+HGRHVQRWKDVWHQWRWDNHKLPW...
UHSRUWHG2QHRIWKHVRQVRI$EX7DOKDK0D$OODKEH 
SOHDVHGZLWKKLP
ZDVDLOLQJ$EX7DOKDKZHQWRXWDQGWKHERGLHGLQKLVDEVHQFH:KHQKHFDPH 
EDFNKHLQTXLUHG+RZLVWKHER

8PP6XODLPWKHPRWKHURIWKHERUHSOLHG%HW...
DQGLQIRUPHGKLPRIWKHHYHQW+HHQTXLUHG 'LGRXVOHHSWRJHWKHUODVW 
QLJKW

 $EX7DOKDKUHSOLHGLQWKHDIILUPDWLYHRQZKLFKWKH3URSKHW3%8+
VXSSOLFDWHG 2$OODK 
EOHVVWKHP

7KHUHDIWHUVKHJDYHELUWKWRDER$EX7DOKDKVDLGWRPH7DNHXSWKHERDQGFDUU 
KLPWRWKH3URSKHW3%8+
DQGKHVHQWVRPHGDWHVZLWKKLP7KH3URSKHW3%8+
HQTXLUHG ,V 
WKHUHDQWKLQJZLWKKLP

 +HVDLGHVVRPHGDWHV7KH3URSKHW3%8+
WRRNDGDWHFKHZHGLWDQG 
SXWLWLQWKHPRXWKRIWKHEDEDQGUXEEHGWKHFKHZHGGDWHDURXQGWKHEDE
VJXPDQGQDPHGKLP 
C$EGXOODK 
$O%XNKDULDQG0X...
ZKRZDVERUQ 
RI8PP6XODLPGLHG6KH8PP6XODLP
VDLGWRWKHPHPEHUVRIWKHIDPLO'RQRWWHOO$EX7DOKDK 
DERXWKLVVRQXQWLO,PHQWLRQLWWRKLPPVHOI

$EX7DOKDKFDPHKRPH
DQGVKHJDYHKLPVXSSHU+H 
DWHDQGGUDQN6KHWKHQEHDXWLILHGKHUVHOIWKHEHVWZDVKHHYHUGLGDQGKHVOHSWZLWKKHU:KHQVKH
VDZWKDWKHZDVVDWLVILHGDIWHUVH[XDOLQWHUFRXUVHZLWKKHUVKHVDLG2$EX7DOKDK,IVRPHSHRSOH 
ERUURZVRPHWKLQJIURPDQRWKHUIDPLODQGWKHQWKH...
DVNIRULWVUHWXUQZRXOG 
WKHUHIXVHWRJLYHLWEDFNWRWKHP

+HVDLG1R6KHVDLG7KHQKRSHUHZDUGIRURXUVRQ$EX 
7DOKDKJRWDQJUDQGVDLGRXOHIWPH...
DQGWKHQRXWROGPHDERXWPVRQ+HZHQWWR0HVVHQJHURI$OODK3%8+
DQGLQIRUPHGKLPDERXW 
WKHPDWWHU7KHUHXSRQ0HVVHQJHURI$OODK3%8+
VDLG 0D$OODKEOHVVWKHQLJKWRXVSHQW 
WRJHWKHU

 +HWKHQDUUDWRU
VDLG6KHFRQFHLYHG2QHGD
0HVVHQJHURI$OODK3%8+
ZDVLQWKH 
FRXUVHRIDMRXUQHDQGVKHZDVDORQJZLWKKLP:KHQ0HVVHQJHURI$OODK3%8+
XVHGWRFRPHEDFN 
WR$O0DGLQDKIURPDMRXUQHKHZRXOGQRWHQWHULWGXULQJWKHQLJKW
:KHQWKHSHRSOHFDPHQHDU$O 
0DGLQDKVKHIHOWODERXUSDLQV+H$EX7DOKDK
UHPDLQHGZLWKKHUDQG0HVVHQJHURI$OODK3%8+
SURFHHGHGRQ$EX7DOKDKVDLG25XEERXNQRZWKDW,ORYHWRJRDORQJZLWK0HVVHQJHURI$OODK 
3%8+
ZKHQKHJRHVRXWDQGHQWHUDORQJZLWKKLPZKHQKHHQWHUVDQG,KDYHEHHQGHWDLQHGDVRX 
VHH

8PP6XODLPWKHQVDLG2$EX7DOKDK,GRQRWIHHOVRPXFKSDLQ
DV,ZDVIHHOLQJHDUOLHUVR 
ZHEHWWHUSURFHHGRQ6RZHSURFHHGHGRQDQGVKHIHOWWKHODERXURIGHOLYHUDVWKHUHDFKHG$O 
0DGLQDK
6KHJDYHELUWKWRDPDOHFKLOG0PRWKHUVDLGWRPH2$QDVQRQHVKRXOGVXFNOHKLP 
XQWLORXJRWR0HVVHQJHURI$OODK3%8+
WRPRUURZ PRUQLQJ

7KHQH[WPRUQLQJ,FDUULHGWKHEDE 
ZLWKPHWR0HVVHQJHURI$OODK3%8+
DQGQDUUDWHGWKHUHVWRIWKHVWRU 
$O%XNKDULDQG0XVOLP@ 
RPPHQWDU 7KLV+DGLWKKDVPDQOHVVRQVIRURXUVRFLDOOLIH)RULQVWDQFH 
7KHFKDUDFWH...
WKHVHUYLFHVVXFKDVGUHVVLQJRIWKHZRXQGHGZHOIDUHRIWKHSDWLHQWV 
VXSSORIIRRGHWF 
 $EX+XUDLUDK0D$OODKEHSOHDVHGZLWKKLP
UHSRUWHG 0HVVHQJHURI$OODK3%8+
VDLG 7KH 
VWURQJPDQLVQRWRQHZKRLVJRRGDWZUHVWOLQJEXWWKHVWURQJPDQLVRQHZKRFRQWUROVKLPVHOILQDILW 
RIUDJH

 
$O%XNKDULDQG0XVOLP@...
UHSRUWHG,ZDVVLWWLQJZLWKWKH3URSKHW 
3%8+
ZKHQWZRPHQEHJDQWRTXDUUHODQGFXUVHHDFKRWKHUDQGWKHIDFHRIRQHRIWKHPWXUQHGUHG 
DQGWKHYHLQVRIKLVQHFNZHUHVZROOHQIURPUDJH
0HVVHQJHURI$OODK3%8+
VDLG ,NQRZRID 
ZRUGLIKHZHUHWRXWWHUWKDWKLVUDJHZRXOGYDQLVKDQGWKDWLV$CXGKXELOODKLPLQDVK6KDLWDQQLU 
UDMLP,VHHNUHIXJHZLWK$OODKI...
6RWKHRPSDQLRQV
VDLGWRKLP7KH 
3URSKHW3%8+
WHOOVRXWRXWWHU
,VHHNUHIXJHZLWK$OODKIURP6DWDQWKHDFFXUVHG 
$O%XNKDULDQG0XVOLP@ 
RPPHQWDU ,QWKHHYHQWRIUDJHLIDSHUVRQEHFRPHVFRQ...
UHSRUWHG7KH3URSKHW3%8+
VDLG 7KHRQH 
ZKRVXSSUHVVHVDQJHUDQGKDVWKHSRZHUWRJLYHHIIHFWWRLWZLOOEHFDOOHGRXWE$OODKWKH([DOWHGWR 
WKHIRUHIURQWRIWKHFUHDWXUHV...
YLUJLQV+XU
RIKLVOLNLQJ 
$EX'DZXGDQG$W7LUPLGKL@ 
RPPHQWDU 7KHZRUGC+XU
LVWKHSOXUDORIC+DXUD
DQH[WUHPHOEHDXWLIXOZRPDQRIIDLU 
FRPSOH[LRQ7K...
UHSRUWHG$PDQDVNHGWKH3URSKHW3%8+
IRUDQ 
DGYLFHDQGKH3%8+
VDLG 'RQRWJHWDQJU7KHPDQUHSHDWHGWKDWVHYHUDOWLPHVDQGKHUHSOLHG 
'RQRWJHWDQJU 
$O%XNKDUL@ 
RPPHQWDU 
5DJHZKLFKLVGHFODUHGREMHFW...
UHSRUWHG0HVVHQJHURI$OODK3%8+
VDLG $ 
0XVOLPPDOHRUIHPDOHFRQWLQXHVWRUHPDLQXQGHUWULDOLQUHVSHFWRIKLVOLIHSURSHUWDQGRIIVSULQJ 
XQWLOKHIDFHV$OODKWKH([DOWHGZLW...
UHSRUWHG
8DLQDKELQ+LVQFDPHWR$O0DGLQDKDQG 
VWDHGZLWKKLVQHSKHZ+XUUELQ4DLVZKRZDVDPRQJWKRVHZKRP8PDU0D$OODKEHSOHDVHGZLWK 
KLP
VKRZHGIDYRXUWR7KHNQRZOHGJHDEOHSHRSOH4XUUD
ZKHWKHUWKHZHUHROGRURXQJKDGWKH 
SULYLOHJHRIMRLQLQJ8PDU
VFRXQFLODQGKHXVHGWRFRQVXOWWKHP
8DLQDKVDLGWR+XUU0QHSKHZ 
WKH/HDGHURIW...
JRWDQJUDQGZDVDERXWWREHDWKLPXSZKHQ+XUUVDLGCC2/HDGHU 
RIWKH%HOLHYHUV$OODKVDLGWR +LV3URSKHW3%8+
6KRZIRUJLYHQHVVHQMRLQZKDWLVJRRGDQGWXUQ 
DZDIURPWKHIRROLVKLHGRQ
WSXQLVKWKHP
7KLVRQHLVIURPWKHLJQRUDQWV:KHQ+XUU 
UHFLWHGWKLVC8PDUEHFDPHTXLWHPRWLRQOHVVLQKLVVHDW+HDOZDVDGKHUHGVWULFWOWRWKH%RRNRI 
$OODK 
...
RIWKHSUHVHQWDJH 
ZKRDUHRQOSURIHVVLRQDOLQWKHDUWRIUHFLWLQJWKH4XU
DQDQGKDYHDPHORGLRXVYRLFHEXWZKDWLW 
UHDOOPHDQWZDVWKHFODVVRIV...
6LQFHVFKRODUVKLSDQGSLRXVQHVVDUHWKHIRUHPRVWTXDOLILFDWLRQVIRUFRXQVHOORUVDQGDGYLVRUVWKHUHLV 
QRUHVWULFWLRQRIDJHIRUWKHP 
7KHUX...
UHSRUWHG0HVVHQJHURI$OODK3%8+
VDLG RXZLOO 
VHHDIWHUPHIDYRXULWLVPDQGWKLQJVZKLFKRXZLOOGLVDSSURYHRI

 7KHVXEPLWWHG:KDWGRRX 
RUGHUXVWRGRXQGHUVXFKFLUFXPVWDQFHV
+HUHSOLHG 'LVFKDUJHRXUREOLJDWLRQVDQGDVNRXU 
ULJKWVIURP$OODK 
$O%XNKDULDQG0XVOLP@ 
RPPHQWDU 7KLV+DGLWKWHOOVWKDWLIRXKDYHUXOH...
UHSRUWHGWKDW$SHUVRQIURPDPRQJWKH$QVDU 
VDLG20HVVHQJHURI$OODKRXDSSRLQWHGVXFKDQGVXFKSHUVRQDQGZKGRRXQRWDSSRLQWPH

 
0HVVHQJHUR...
The book-of-miscellany (HADITHS)
The book-of-miscellany (HADITHS)
The book-of-miscellany (HADITHS)
The book-of-miscellany (HADITHS)
The book-of-miscellany (HADITHS)
The book-of-miscellany (HADITHS)
The book-of-miscellany (HADITHS)
The book-of-miscellany (HADITHS)
The book-of-miscellany (HADITHS)
The book-of-miscellany (HADITHS)
The book-of-miscellany (HADITHS)
The book-of-miscellany (HADITHS)
The book-of-miscellany (HADITHS)
The book-of-miscellany (HADITHS)
The book-of-miscellany (HADITHS)
The book-of-miscellany (HADITHS)
The book-of-miscellany (HADITHS)
The book-of-miscellany (HADITHS)
The book-of-miscellany (HADITHS)
The book-of-miscellany (HADITHS)
The book-of-miscellany (HADITHS)
The book-of-miscellany (HADITHS)
The book-of-miscellany (HADITHS)
The book-of-miscellany (HADITHS)
The book-of-miscellany (HADITHS)
The book-of-miscellany (HADITHS)
The book-of-miscellany (HADITHS)
The book-of-miscellany (HADITHS)
The book-of-miscellany (HADITHS)
The book-of-miscellany (HADITHS)
The book-of-miscellany (HADITHS)
The book-of-miscellany (HADITHS)
The book-of-miscellany (HADITHS)
The book-of-miscellany (HADITHS)
The book-of-miscellany (HADITHS)
The book-of-miscellany (HADITHS)
The book-of-miscellany (HADITHS)
The book-of-miscellany (HADITHS)
The book-of-miscellany (HADITHS)
The book-of-miscellany (HADITHS)
The book-of-miscellany (HADITHS)
The book-of-miscellany (HADITHS)
The book-of-miscellany (HADITHS)
The book-of-miscellany (HADITHS)
The book-of-miscellany (HADITHS)
The book-of-miscellany (HADITHS)
The book-of-miscellany (HADITHS)
The book-of-miscellany (HADITHS)
The book-of-miscellany (HADITHS)
The book-of-miscellany (HADITHS)
The book-of-miscellany (HADITHS)
The book-of-miscellany (HADITHS)
The book-of-miscellany (HADITHS)
The book-of-miscellany (HADITHS)
The book-of-miscellany (HADITHS)
The book-of-miscellany (HADITHS)
The book-of-miscellany (HADITHS)
The book-of-miscellany (HADITHS)
The book-of-miscellany (HADITHS)
The book-of-miscellany (HADITHS)
The book-of-miscellany (HADITHS)
The book-of-miscellany (HADITHS)
The book-of-miscellany (HADITHS)
The book-of-miscellany (HADITHS)
The book-of-miscellany (HADITHS)
The book-of-miscellany (HADITHS)
The book-of-miscellany (HADITHS)
The book-of-miscellany (HADITHS)
The book-of-miscellany (HADITHS)
The book-of-miscellany (HADITHS)
The book-of-miscellany (HADITHS)
The book-of-miscellany (HADITHS)
The book-of-miscellany (HADITHS)
The book-of-miscellany (HADITHS)
The book-of-miscellany (HADITHS)
The book-of-miscellany (HADITHS)
The book-of-miscellany (HADITHS)
The book-of-miscellany (HADITHS)
The book-of-miscellany (HADITHS)
The book-of-miscellany (HADITHS)
The book-of-miscellany (HADITHS)
The book-of-miscellany (HADITHS)
The book-of-miscellany (HADITHS)
The book-of-miscellany (HADITHS)
The book-of-miscellany (HADITHS)
The book-of-miscellany (HADITHS)
The book-of-miscellany (HADITHS)
The book-of-miscellany (HADITHS)
The book-of-miscellany (HADITHS)
The book-of-miscellany (HADITHS)
The book-of-miscellany (HADITHS)
The book-of-miscellany (HADITHS)
The book-of-miscellany (HADITHS)
The book-of-miscellany (HADITHS)
The book-of-miscellany (HADITHS)
The book-of-miscellany (HADITHS)
The book-of-miscellany (HADITHS)
The book-of-miscellany (HADITHS)
The book-of-miscellany (HADITHS)
The book-of-miscellany (HADITHS)
The book-of-miscellany (HADITHS)
The book-of-miscellany (HADITHS)
The book-of-miscellany (HADITHS)
The book-of-miscellany (HADITHS)
The book-of-miscellany (HADITHS)
The book-of-miscellany (HADITHS)
The book-of-miscellany (HADITHS)
The book-of-miscellany (HADITHS)
The book-of-miscellany (HADITHS)
The book-of-miscellany (HADITHS)
The book-of-miscellany (HADITHS)
The book-of-miscellany (HADITHS)
The book-of-miscellany (HADITHS)
The book-of-miscellany (HADITHS)
The book-of-miscellany (HADITHS)
The book-of-miscellany (HADITHS)
The book-of-miscellany (HADITHS)
The book-of-miscellany (HADITHS)
The book-of-miscellany (HADITHS)
The book-of-miscellany (HADITHS)
The book-of-miscellany (HADITHS)
The book-of-miscellany (HADITHS)
The book-of-miscellany (HADITHS)
The book-of-miscellany (HADITHS)
The book-of-miscellany (HADITHS)
The book-of-miscellany (HADITHS)
The book-of-miscellany (HADITHS)
The book-of-miscellany (HADITHS)
The book-of-miscellany (HADITHS)
The book-of-miscellany (HADITHS)
The book-of-miscellany (HADITHS)
The book-of-miscellany (HADITHS)
The book-of-miscellany (HADITHS)
The book-of-miscellany (HADITHS)
The book-of-miscellany (HADITHS)
The book-of-miscellany (HADITHS)
The book-of-miscellany (HADITHS)
The book-of-miscellany (HADITHS)
The book-of-miscellany (HADITHS)
The book-of-miscellany (HADITHS)
The book-of-miscellany (HADITHS)
The book-of-miscellany (HADITHS)
The book-of-miscellany (HADITHS)
The book-of-miscellany (HADITHS)
The book-of-miscellany (HADITHS)
The book-of-miscellany (HADITHS)
The book-of-miscellany (HADITHS)
The book-of-miscellany (HADITHS)
The book-of-miscellany (HADITHS)
The book-of-miscellany (HADITHS)
The book-of-miscellany (HADITHS)
The book-of-miscellany (HADITHS)
The book-of-miscellany (HADITHS)
The book-of-miscellany (HADITHS)
The book-of-miscellany (HADITHS)
The book-of-miscellany (HADITHS)
The book-of-miscellany (HADITHS)
The book-of-miscellany (HADITHS)
The book-of-miscellany (HADITHS)
The book-of-miscellany (HADITHS)
The book-of-miscellany (HADITHS)
The book-of-miscellany (HADITHS)
The book-of-miscellany (HADITHS)
The book-of-miscellany (HADITHS)
Nächste SlideShare
Wird geladen in …5
×

The book-of-miscellany (HADITHS)

327 Aufrufe

Veröffentlicht am

Veröffentlicht in: Seele & Geist
  • DOWNLOAD THIS BOOKS INTO AVAILABLE FORMAT (2019 Update) ......................................................................................................................... ......................................................................................................................... Download Full PDF EBOOK here { https://soo.gd/irt2 } ......................................................................................................................... Download Full EPUB Ebook here { https://soo.gd/irt2 } ......................................................................................................................... Download Full doc Ebook here { https://soo.gd/irt2 } ......................................................................................................................... Download PDF EBOOK here { https://soo.gd/irt2 } ......................................................................................................................... Download EPUB Ebook here { https://soo.gd/irt2 } ......................................................................................................................... Download doc Ebook here { https://soo.gd/irt2 } ......................................................................................................................... ......................................................................................................................... ................................................................................................................................... eBook is an electronic version of a traditional print book THIS can be read by using a personal computer or by using an eBook reader. (An eBook reader can be a software application for use on a computer such as Microsoft's free Reader application, or a book-sized computer THIS is used solely as a reading device such as Nuvomedia's Rocket eBook.) Users can purchase an eBook on diskette or CD, but the most popular method of getting an eBook is to purchase a downloadable file of the eBook (or other reading material) from a Web site (such as Barnes and Noble) to be read from the user's computer or reading device. Generally, an eBook can be downloaded in five minutes or less ......................................................................................................................... .............. Browse by Genre Available eBooks .............................................................................................................................. Art, Biography, Business, Chick Lit, Children's, Christian, Classics, Comics, Contemporary, Cookbooks, Manga, Memoir, Music, Mystery, Non Fiction, Paranormal, Philosophy, Poetry, Psychology, Religion, Romance, Science, Science Fiction, Self Help, Suspense, Spirituality, Sports, Thriller, Travel, Young Adult, Crime, Ebooks, Fantasy, Fiction, Graphic Novels, Historical Fiction, History, Horror, Humor And Comedy, ......................................................................................................................... ......................................................................................................................... .....BEST SELLER FOR EBOOK RECOMMEND............................................................. ......................................................................................................................... Blowout: Corrupted Democracy, Rogue State Russia, and the Richest, Most Destructive Industry on Earth,-- The Ride of a Lifetime: Lessons Learned from 15 Years as CEO of the Walt Disney Company,-- Call Sign Chaos: Learning to Lead,-- StrengthsFinder 2.0,-- Stillness Is the Key,-- She Said: Breaking the Sexual Harassment Story THIS Helped Ignite a Movement,-- Atomic Habits: An Easy & Proven Way to Build Good Habits & Break Bad Ones,-- Everything Is Figureoutable,-- What It Takes: Lessons in the Pursuit of Excellence,-- Rich Dad Poor Dad: What the Rich Teach Their Kids About Money THIS the Poor and Middle Class Do Not!,-- The Total Money Makeover: Classic Edition: A Proven Plan for Financial Fitness,-- Shut Up and Listen!: Hard Business Truths THIS Will Help You Succeed, ......................................................................................................................... .........................................................................................................................
       Antworten 
    Sind Sie sicher, dass Sie …  Ja  Nein
    Ihre Nachricht erscheint hier
  • DOWNLOAD THIS BOOKS INTO AVAILABLE FORMAT (2019 Update) ......................................................................................................................... ......................................................................................................................... Download Full PDF EBOOK here { https://soo.gd/irt2 } ......................................................................................................................... Download Full EPUB Ebook here { https://soo.gd/irt2 } ......................................................................................................................... Download Full doc Ebook here { https://soo.gd/irt2 } ......................................................................................................................... Download PDF EBOOK here { https://soo.gd/irt2 } ......................................................................................................................... Download EPUB Ebook here { https://soo.gd/irt2 } ......................................................................................................................... Download doc Ebook here { https://soo.gd/irt2 } ......................................................................................................................... ......................................................................................................................... ................................................................................................................................... eBook is an electronic version of a traditional print book THIS can be read by using a personal computer or by using an eBook reader. (An eBook reader can be a software application for use on a computer such as Microsoft's free Reader application, or a book-sized computer THIS is used solely as a reading device such as Nuvomedia's Rocket eBook.) Users can purchase an eBook on diskette or CD, but the most popular method of getting an eBook is to purchase a downloadable file of the eBook (or other reading material) from a Web site (such as Barnes and Noble) to be read from the user's computer or reading device. Generally, an eBook can be downloaded in five minutes or less ......................................................................................................................... .............. Browse by Genre Available eBooks .............................................................................................................................. Art, Biography, Business, Chick Lit, Children's, Christian, Classics, Comics, Contemporary, Cookbooks, Manga, Memoir, Music, Mystery, Non Fiction, Paranormal, Philosophy, Poetry, Psychology, Religion, Romance, Science, Science Fiction, Self Help, Suspense, Spirituality, Sports, Thriller, Travel, Young Adult, Crime, Ebooks, Fantasy, Fiction, Graphic Novels, Historical Fiction, History, Horror, Humor And Comedy, ......................................................................................................................... ......................................................................................................................... .....BEST SELLER FOR EBOOK RECOMMEND............................................................. ......................................................................................................................... Blowout: Corrupted Democracy, Rogue State Russia, and the Richest, Most Destructive Industry on Earth,-- The Ride of a Lifetime: Lessons Learned from 15 Years as CEO of the Walt Disney Company,-- Call Sign Chaos: Learning to Lead,-- StrengthsFinder 2.0,-- Stillness Is the Key,-- She Said: Breaking the Sexual Harassment Story THIS Helped Ignite a Movement,-- Atomic Habits: An Easy & Proven Way to Build Good Habits & Break Bad Ones,-- Everything Is Figureoutable,-- What It Takes: Lessons in the Pursuit of Excellence,-- Rich Dad Poor Dad: What the Rich Teach Their Kids About Money THIS the Poor and Middle Class Do Not!,-- The Total Money Makeover: Classic Edition: A Proven Plan for Financial Fitness,-- Shut Up and Listen!: Hard Business Truths THIS Will Help You Succeed, ......................................................................................................................... .........................................................................................................................
       Antworten 
    Sind Sie sicher, dass Sie …  Ja  Nein
    Ihre Nachricht erscheint hier
  • DOWNLOAD THIS BOOKS INTO AVAILABLE FORMAT (2019 Update) ......................................................................................................................... ......................................................................................................................... Download Full PDF EBOOK here { https://soo.gd/irt2 } ......................................................................................................................... Download Full EPUB Ebook here { https://soo.gd/irt2 } ......................................................................................................................... Download Full doc Ebook here { https://soo.gd/irt2 } ......................................................................................................................... Download PDF EBOOK here { https://soo.gd/irt2 } ......................................................................................................................... Download EPUB Ebook here { https://soo.gd/irt2 } ......................................................................................................................... Download doc Ebook here { https://soo.gd/irt2 } ......................................................................................................................... ......................................................................................................................... ................................................................................................................................... eBook is an electronic version of a traditional print book THIS can be read by using a personal computer or by using an eBook reader. (An eBook reader can be a software application for use on a computer such as Microsoft's free Reader application, or a book-sized computer THIS is used solely as a reading device such as Nuvomedia's Rocket eBook.) Users can purchase an eBook on diskette or CD, but the most popular method of getting an eBook is to purchase a downloadable file of the eBook (or other reading material) from a Web site (such as Barnes and Noble) to be read from the user's computer or reading device. Generally, an eBook can be downloaded in five minutes or less ......................................................................................................................... .............. Browse by Genre Available eBooks .............................................................................................................................. Art, Biography, Business, Chick Lit, Children's, Christian, Classics, Comics, Contemporary, Cookbooks, Manga, Memoir, Music, Mystery, Non Fiction, Paranormal, Philosophy, Poetry, Psychology, Religion, Romance, Science, Science Fiction, Self Help, Suspense, Spirituality, Sports, Thriller, Travel, Young Adult, Crime, Ebooks, Fantasy, Fiction, Graphic Novels, Historical Fiction, History, Horror, Humor And Comedy, ......................................................................................................................... ......................................................................................................................... .....BEST SELLER FOR EBOOK RECOMMEND............................................................. ......................................................................................................................... Blowout: Corrupted Democracy, Rogue State Russia, and the Richest, Most Destructive Industry on Earth,-- The Ride of a Lifetime: Lessons Learned from 15 Years as CEO of the Walt Disney Company,-- Call Sign Chaos: Learning to Lead,-- StrengthsFinder 2.0,-- Stillness Is the Key,-- She Said: Breaking the Sexual Harassment Story THIS Helped Ignite a Movement,-- Atomic Habits: An Easy & Proven Way to Build Good Habits & Break Bad Ones,-- Everything Is Figureoutable,-- What It Takes: Lessons in the Pursuit of Excellence,-- Rich Dad Poor Dad: What the Rich Teach Their Kids About Money THIS the Poor and Middle Class Do Not!,-- The Total Money Makeover: Classic Edition: A Proven Plan for Financial Fitness,-- Shut Up and Listen!: Hard Business Truths THIS Will Help You Succeed, ......................................................................................................................... .........................................................................................................................
       Antworten 
    Sind Sie sicher, dass Sie …  Ja  Nein
    Ihre Nachricht erscheint hier
  • Gehören Sie zu den Ersten, denen das gefällt!

The book-of-miscellany (HADITHS)

  1. 1. 7+(%22.2)0,6(//$1 +$37(5 6,1(5,7$1'6,*1,),$1(2) ,17(17,216)25$//$7,216 $33$5(17$1'+,''(1 $OODKWKH([DOWHGVDV $QGWKHZHUHFRPPDQGHGQRWEXWWKDWWKHVKRXOGZRUVKLS$OODKDQG ZRUVKLSQRQHEXW+LP$ORQHDEVWDLQLQJIURPDVFULELQJSDUWQHUVWR+LP
  2. 2. DQG SHUIRUP$V6DODW,TDPDWDV6DODW
  3. 3. DQGJLYH=DNDWDQGWKDWLVWKHULJKW UHOLJLRQ
  4. 4. ,WLVQHLWKHUWKHLUPHDWQRUWKHLUEORRGWKDWUHDFKHV$OODKEXWLWLVSLHWIURP RXWKDWUHDFKHV+LP
  5. 5. 6D20XKDPPDG3%8+
  6. 6. :KHWKHURXKLGHZKDWLVLQRXUEUHDVWVRU UHYHDOLW$OODKNQRZVLW
  7. 7. 1DUUDWHG 8PDUELQ$O.KDWWDE0D$OODKEHSOHDVHGZLWKKLP
  8. 8. UHSRUWHG0HVVHQJHURI$OODK 3%8+
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
  10. 10. DQGHYHURQHZLOOEHUHTXLWHGDFFRUGLQJWRKLV1LDK,WLVWUXHWKDW1LDKLV IRXQGHGLQRQH VKHDUWWKDWLVWRVDRQHKDVILUVWWRPDNHXSRQH VPLQGIRUZKDWKHLQWHQGVWRGRDQG KHVKRXOGQRWH[SUHVVLWYHUEDOO,QIDFWWKHODWWHULVD%LGCDKLQQRYDWLRQLQUHOLJLRQ
  11. 11. EHFDXVHQRSURRI RILWLVIRXQGLQ6KDULDK 7KHSRLQWZKLFKEHFRPHVHYLGHQWIURPWKLV+DGLWKLVWKDW,NKODVVLQFHULW
  12. 12. LVDPXVWIRUHYHUDFWLRQ ,QRWKHUZRUGVLQHYHUULJKWHRXV GHHGRQHVKRXOGVHHNRQOWKH3OHDVXUHRI$OODKRWKHUZLVHLWZLOO QRWEHDFFHSWHGE$OODK 1DUUDWHG $CLVKDK0D$OODKEHSOHDVHGZLWKKHU
  13. 13. UHSRUWHG0HVVHQJHURI$OODK3%8+
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
  15. 15. RIWKH3URSKHW3%8+
  16. 16. LWLVQHFHVVDUWREHOLHYHLQWKHLUYHUDFLWDQGRFFXUUHQFH%HOLHYLQJLQVXFK SURSKHVLHVLVDOVRHVVHQWLDOEHFDXVHWKHZHUHUHYHDOHGE$OODK
  17. 17. $CLVKDK 0D$OODKEHSOHDVHGZLWKKHU
  18. 18. QDUUDWHGWKDWWKH3URSKHW3%8+
  19. 19. VDLG 7KHUHLVQR HPLJUDWLRQDIWHUWKHFRQTXHVWRI0DNNDK
  20. 20. EXWRQO-LKDGVWULYLQJDQGILJKWLQJLQWKHFDXVHRI$OODK
  21. 21. ZLOOFRQWLQXH@DQGJRRGLQWHQWLRQ 6RLIRXDUHVXPPRQHGWRILJKWJRIRUWK $O%XNKDULDQG0XVOLP@ ,QWHQWLRQDFFRUGLQJWR$Q1DZDZL,WPHDQVWKDWJRRGQHVVZKLFKFHDVHGWRFRQWLQXHEWKH FHVVDWLRQRIHPLJUDWLRQFDQVWLOOEHREWDLQHGE-LKDG DQGELQWHQGLQJDFFRPSOLVKLQJJRRGGHHGV RPPHQWDU:KHQDFRXQWURUDUHJLRQLVUHJDUGHGDV'DUXO,VODP ODQGRI,VODP
  22. 22. LWLVQRW QHFHVVDUWRPLJUDWHIURPLWWRVRPHRWKHUSODFH,WLVKRZHYHUREOLJDWRUWRHPLJUDWHIURPVXFK UHJLRQVZKLFKDUH'DUXO.XIUODQGRILQILGHOV
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
  24. 24. DQGRQWKHRWKHUREVFHQLWDQGLQGHFHQFWKDWDUH FRPPRQLQVXFKFRXQWULHVDUHEHFRPLQJLQFUHDVLQJOFRPPRQDPRQJWKH0XVOLPVWRR $QRWKHUKLJKOLPSRUWDQWUHDVRQIRUWKHSURKLELWLRQRIPLJUDWLRQRI0XVOLPVWR'DUXO.XIULVWKDWLW JRHVDJDLQVWWKHVSLULWDVZHOODVWKHLUUHDGLQHVVIRU-LKDGILVDELOLOODKVWULYLQJDQGILJKWLQJLQWKHZD RI$OODK
  25. 25. 7KLVVSLULWDQGUHDGLQHVVPXVWEHNHSWDOZDVDOLYHVRWKDWWKH0XVOLPVPDUHVSRQGDWRQFH WRWKHFDOORI-LKDGZKHQHYHUWKHQHHGIRULWDULVHVDQZKHUH -DELUELQ$EGXOODK$O$QVDUL0D$OODKEHSOHDVHGZLWKWKHP
  26. 26. UHSRUWHG:HDFFRPSDQLHGWKH 3URSKHW3%8+
  27. 27. LQDQH[SHGLWLRQZKHQKHVDLG 7KHUHDUHVRPHPHQLQ$O0DGLQDKZKRDUHZLWKRX ZKHUHYHURXPDUFKDQGZKLFKHYHUYDOOHRXFURVV7KHKDYHQRWMRLQHGRXLQSHUVRQEHFDXVHRI WKHLULOOQHVV ,QDQRWKHUYHUVLRQKHVDLG 7KHVKDUHWKHUHZDUG ZLWKRX 0XVOLP@ ,WLVQDUUDWHGE%XNKDULIURP$QDVELQ0DOLN0D$OODKEHSOHDVHGZLWKKLP
  28. 28. :HZHUHFRPLQJEDFN IURPWKHEDWWOHRI7DEXNZLWKWKH3URSKHW3%8+
  29. 29. ZKHQKHUHPDUNHG 7KHUHDUHSHRSOHZKRPZHOHIW EHKLQGLQ$O0DGLQDKZKRDFFRPSDQLHGXVLQVSLULWLQHYHUSDVVDQGYDOOHZHFURVVHG7KH UHPDLQHGEHKLQGIRUDYDOLGH[FXVH RPPHQWDU :KDWZHOHDUQIURPWKLV+DGLWKLVWKDWLIWKHLQWHQWLRQDQGVSLULWRI-LKDGDUHSUHVHQWLQ WKHKHDUWRID0XVOLPEXWSKVLFDOOKHLVXQDEOHWRWDNHSDUWLQLWIRUYDOLGUHDVRQVKHZLOOJHWWKH UHZDUGRI-LKDGZLWKRXWHYHQKLVDFWXDOSDUWLFLSDWLRQLQLW 0DCQELQD]LGELQ$NKQDV0D$OODKEHSOHDVHGZLWKWKHP
  30. 30. KHKLVIDWKHUDQGKLVJUDQGIDWKHU DOOZHUHRPSDQLRQV
  31. 31. UHSRUWHG0IDWKHUVHWDVLGHVRPHGLQDUVIRUFKDULWDQGJDYHWKHPWRDPDQLQ WKHPRVTXH,ZHQWWRWKDWPDQDQGWRRNEDFNWKRVHGLQDUV+HVDLG,KDGQRWLQWHQGHGRXWREH JLYHQ 6RZHZHQWWR0HVVHQJHURI$OODK3%8+
  32. 32. DQGSXWIRUWKWKHPDWWHUEHIRUHKLP+HVDLGWRP IDWKHU D]LGRXKDYHEHHQUHZDUGHGIRUZKDWRXLQWHQGHG $QGKHVDLGWRPH 0DCQRXDUH HQWLWOHGWRZKDWRXKDYHWDNHQ $O%XNKDUL@ RPPHQWDU 7KLV+DGLWKOHDGVXVWRWKHFRQFOXVLRQWKDWLI6DGDTDKFKDULW
  33. 33. JRHVWRDQHHGVRQRID0XVOLP WKHUHLVQRQHHGWRWDNHLWEDFNIURPKLPIRUWKHUHDVRQWKDWWKHIDWKHUKDGLQWHQGHGWRJLYHLWWRD GHVHUYLQJSHUVRQ7KHIRUPHUJHWVWKHUHZDUGIRULWRQDFFRXQWRIKLV1LDKLQWHQWLRQ
  34. 34. 7KLVKRZHYHU ZLOOEHUHFNRQHGDV1DIOL6DGDTDKYROXQWDUFKDULW
  35. 35. EHFDXVHWKHREOLJDWRU=DNDW6DGDTDK
  36. 36. FDQQRW EHJLYHQWRWKHGRQRU VRZQGHSHQGHQWV
  37. 37. ,WLVSHUPLVVLEOHLQ6KDULCDKWRPDNHVRPHRQHD:DNLO DWWRUQHRUDJHQW
  38. 38. IRU6DGDTDK ,WGRHVQRWDPRXQWWRGLVREHGLHQFHRQWKHSDUWRIDVRQWRWDNHKLV IDWKHUWRDFRPSHWHQWDXWKRULWRU VFKRODUWRNQRZWKHOHJDOSRVLWLRQRQDQLVVXHLQWKHVDPHZDDVPXWXDOGLVFXVVLRQDQGGHEDWHRQ PDWWHUVRI6KDULCDKGRHVQRWDPRXQWWRLQVROHQFH)DWK$O%DULFKDSWHURQ=DNDW
  39. 39. $EX,VKDT6DCGELQ$EX:DTTDV0D$OODKEHSOHDVHGZLWKKLP
  40. 40. RQHRIWKHWHQZKRKDGEHHQ JLYHQWKHJODGWLGLQJVRIHQWULQWR-DQQDK
  41. 41. QDUUDWHG0HVVHQJHURI$OODK3%8+
  42. 42. YLVLWHGPHLQP LOOQHVVZKLFKEHFDPHVHYHUHLQWKHHDURI+DMMDWXO:DGDC)DUHZHOO3LOJULPDJH
  43. 43. ,VDLG2 0HVVHQJHURI$OODKRXFDQVHHWKHSDLQZKLFK,DPVXIIHULQJDQG,DPDPDQRIPHDQVDQGWKHUHLV QRQHWRLQKHULWIURPPHH[FHSWRQHGDXJKWHU6KRXOG,JLYHWZRWKLUGVRIPSURSHUWLQFKDULW +H 3%8+
  44. 44. VDLG 1R ,DVNHGKLP7KHQKDOI +HVDLG 1R 7KHQ,DVNHGDQ,JLYHDZDRQH WKLUG+HVDLG *LYHDZDRQHWKLUGDQGWKDWLVVWLOOWRRPXFK,WLVEHWWHUWROHDYHRXUKHLUVZHOORII WKDQWROHDYHWKHPSRRUEHJJLQJSHRSOHRXZLOOQRWH[SHQGDWKLQJLQFKDULWIRUWKHVDNHRI$OODK EXWRXZLOOEHUHZDUGHGIRULWHYHQWKHPRUVHORIIRRGZKLFKRXIHHGRXUZLIH ,VDLG2 0HVVHQJHURI$OODKZRXOG,VXUYLYHPFRPSDQLRQV +HVDLG ,IRXVXUYLYHRWKHUVDQGDFFRPSOLVK DWKLQJIRUWKHVDNHRI$OODKRXZRXOGJDLQKLJKHUUDQNLQJDQGVWDQGLQJRXZLOOVXUYLYHWKHP RXUVXUYLYDOZLOOEHEHQHILFLDOWRSHRSOHWKH0XVOLP
  45. 45. DQGKDUPIXOWRRWKHUVWKHHQHPLHVRI,VODP
  46. 46. RXZLOOVXUYLYHRWKHUVWLOOWKHSHRSOHZLOOGHULYHEHQHILWIURPRXDQGRWKHUVZRXOGEHKDUPHGE RX 0HVVHQJHURI$OODK3%8+
  47. 47. IXUWKHUVDLG 2$OODKFRPSOHWHIRUPRPSDQLRQVWKHLU HPLJUDWLRQDQGGRQRWFDXVHWKHPWRUHWUDFW 6DCGELQ.KDXODKZDVXQIRUWXQDWH 0HVVHQJHURI$OODK 3%8+
  48. 48. ODPHQWHGKLVGHDWKDVKHGLHGLQ0DNNDK $O%XNKDULDQG0XVOLP@ RPPHQWDU ,QVSLWHRIDOOWKHLUORYHIRULWWKHRPSDQLRQVRIWKH3URSKHW3%8+
  49. 49. GLGQRWOLNHWR GLHLQDFLWIURPZKLFKWKHHPLJUDWHGIRUWKHVDNHRI$OODK)RUWKLVUHDVRQ6DCG0D$OODKEH SOHDVHGZLWKKLP
  50. 50. ZDVDIUDLGRIGLQJLQ0DNNDK7KH3URSKHW3%8+
  51. 51. SUDHGIRUWKHDFFRPSOLVKPHQW RI6DCG VHPLJUDWLRQDQGH[SUHVVHGUHJUHWRYHUWKHPLVIRUWXQHRI 6DCGELQ.KDXODK7KHODWWHUGLHGLQ 0DNNDK RQFOXVLRQ 7KH+DGLWKODVGRZQWKDWLQWKHFRXUVHRIDGLVHDVHZKLFKVHHPVWRSURYHIDWDORQHFDQQRWJLYH PRUH WKDQRQHWKLUGRIWKHSURSHUWLQFKDULW ,WLVDOVRHPSKDVL]HGWKDWRQHJHWVUHZDUGHYHQIRUZKDWKHVSHQGVRQKLVZLIHDQGFKLOGUHQ 2QHFDQUHSRUWWRRWKHUVKLVDLOPHQWRUWRVHHNWUHDWPHQWDQGDVNWKHPWRVXSSOLFDWHIURPKLP ,QWKHPDWWHURI6DGDTDKFKDULW
  52. 52. ZKLFKRQHJLYHVWRVHHNWKH3OHDVXUHRI$OODKKLVFORVHVW UHODWLYHVVKRXOGDOZDVKDYHSULRULWDQGSUHIHUHQFHRYHURWKHUV $EX+XUDLUDK0D$OODKEHSOHDVHGZLWKKLP
  53. 53. QDUUDWHG0HVVHQJHURI$OODK3%8+
  54. 54. VDLG $OODK GRHVQRW ORRNDWRXUILJXUHVQRUDWRXUDWWLUHEXW+HORRNVDWRXUKHDUWVDQGDFFRPSOLVKPHQWV 0XVOLP@ RPPHQWDU 7KLV+DGLWKKLJKOLJKWVWKHLPSRUWDQFHRIVLQFHULWDQGJRRGLQWHQWLRQ,WLVWKHUHIRUH HVVHQWLDOWKDWHYHUQREOHDFWLRQVKRXOGEHEDVHGRQWKHVHWZRYLUWXHVDQGKHDUWVKRXOGEHIUHHIURP DOOVXFKWKLQJVWKDWGHVWURQREOHGHHGV+SRFULVRVWHQWDWLRQJUHHGIRUZHDOWKULFKHVDQGRWKHU ZRUGOWKLQJVIDOOLQWKHFDWHJRURIVXFKHYLOV6LQFHWKHWUXHFRQGLWLRQRIKHDUWLVNQRZQWR$OODK DORQHWKHWUXHSRVLWLRQRIRQH VDFWLRQVZLOOEHNQRZQRQWKH'DRI 5HVXUUHFWLRQZKHQRQHZLOOEH UHTXLWHGIRUWKHPE$ODK,QWKLVZRUOGRQHZLOOEHWUHDWHGDFFRUGLQJWRKLVDSSDUHQWFRQGLWLRQZKLOH KLVLQVLJKWZLOOEHOHIWWR$OODK $EX0XVD$O$VKCDUL0D$OODKEHSOHDVHGZLWKKLP
  55. 55. UHSRUWHGWKDW0HVVHQJHURI$OODK 3%8+
  56. 56. ZDVDVNHGDERXWZKRILJKWVLQWKH EDWWOHILHOGRXWRIYDORXURURXWRI ]HDORURXWRI KSRFULVZKLFK RIWKLVLVFRQVLGHUHGDVILJKWLQJLQWKHFDXVHRI$OODK+HVDLG +H ZKRILJKWVLQRUGHUWKDWWKH:RUG RI$OODKUHPDLQVWKHVXSUHPHLVFRQVLGHUHGDVILJKWLQJLQWKHFDXVHRI$OODK $O%XNKDULDQG0XVOLP@
  57. 57. RPPHQWDU 6LQFHRQH VDFWLRQZLOOEHHYDOXDWHGLQWHUPVRILQWHQWLRQVRKHDORQHZRXOGEHD 0XMDKLG ZDUULRULQWKHFDXVHRI'HHQ
  58. 58. ZKRILJKWVWRJORULIWKH1DPHRI$OODK $EX%DNUDK$WK7KDTDIL0D$OODKEHSOHDVHGZLWKKLP
  59. 59. UHSRUWHG7KH3URSKHW3%8+
  60. 60. VDLG :KHQWZR0XVOLPVDUHHQJDJHGLQDFRPEDWDJDLQVWHDFKRWKHUZLWKWKHLUVZRUG VDQGRQHLVNLOOHG ERWKDUHGRRPHGWR+HOO ,VDLG20HVVHQJHURI$OODK$VWRWKHRQHZKRNLOOVLWLVXQGHUVWDQGDEOH EXWZKWKHVODLQRQH+H3%8+
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
  62. 62. IRUZKLFKWKHPDEHH[FXVHG $EX+XUDLUDK0D$OODKEHSOHDVHGZLWKKLP
  63. 63. UHSRUWHGWKDW7KH0HVVHQJHURI$OODK3%8+
  64. 64. VDLG 7KHUHZDUGIRU6DODWSHUIRUPHGEDSHUVRQLQFRQJUHJDWLRQLVPRUHWKDQWLPHVJUHDWHUWKDQ WKDWRIWKH6DODWSHUIRUPHGLQRQH VKRXVHRUVKRS:KHQRQHSHUIRUPV:XGX SHUIHFWODQGWKHQ SURFHHGVWRWKHPRVTXHZLWKWKHVROHLQWHQWLRQRISHUIRUPLQJ6DODWWKHQIRUHYHUVWHSKHWDNHV WRZDUGVWKHPRVTXHKHLVXSJUDGHGRQHGHJUHHLQUHZDUGDQGRQHRIKLVVLQVLVHOLPLQDWHGXQWLOKH HQWHUVWKHPRVTXHDQGZKHQKHHQWHUVWKHPRVTXHKHLVFRQVLGHUHGDVSHUIRUPLQJ6DODWDVORQJDVLWLV WKH6DODWZKLFKSUHYHQWVKLPIURPOHDYLQJWKHPRVTXH
  65. 65. DQGWKHDQJHOVNHHSRQVXSSOLFDWLQJ$OODKIRU KLPDVORQJDVKHUHPDLQVLQKLVSODFHRISUDHU7KHVD 2$OODKKDYHPHUFRQKLP2$OODK IRUJLYHKLVVLQV2$OODKDFFHSWKLVUHSHQWDQFH 7KLVZLOOFDUURQDVORQJDVKHGRHVQRWSDVVZLQG $O%XNKDULDQG0XVOLP@ RPPHQWDU 7KLV+DGLWKVKRZVWKDWDOWKRXJKLWLVSHUPLVVLEOHWRSHUIRUP6DODWLQGLYLGXDOOLQ PDUNHWSODFHVDQGKRXVHVEXWLWVFROOHFWLYHSHUIRUPDQFHLQWKHPRVTXHLVRUWLPHVPRUH PHULWRULRXVDVPHQWLRQHGLQRWKHU$KDGLWK C$EGXOODKELQC$EEDV0D$OODKEHSOHDVHGZLWKWKHP
  66. 66. UHSRUWHG 0HVVHQJHURI$OODK3%8+
  67. 67. VDLGWKDW$OODKWKH*ORULRXVVDLG 9HULO$OODK6:7
  68. 68. KDVRUGHUHGWKDWWKHJRRGDQGWKHEDGGHHGV EHZULWWHQGRZQ7KHQ+HH[SODLQHGLWFOHDUOKRZWRZULWH
  69. 69. +HZKRLQWHQGVWRGRDJRRGGHHGEXWKH GRHVQRWGRLWWKHQ$OODKUHFRUGVLWIRUKLPDVDIXOOJRRGGHHGEXWLI KHFDUULHVRXWKLVLQWHQWLRQWKHQ $OODKWKH([DOWHGZULWHVLWGRZQIRUKLPDVIURPWHQWRVHYHQKXQGUHGIROGVDQGHYHQPRUH%XWLIKH LQWHQGVWRGRDQHYLODFWDQGKDVQRWGRQHLWWKHQ$OODKZULWHVLWGRZQZLWK+LPDVDIXOOJRRGGHHG EXWLIKHLQWHQGVLWDQGKDVGRQHLW$OODKZULWHVLWGRZQDVRQHEDGGHHG $O%XNKDULDQG0XVOLP@ RPPHQWDU :KDWWKH3URSKHW3%8+
  70. 70. UHODWHVWR$OODKLVFDOOHG+DGLWK4XGVL 6DFUHG7UDGLWLRQ
  71. 71. 6XFK+DGLWKLVUHYHDOHGWRWKH3URSKHW3%8+
  72. 72. EPHDQVRI,OKDP LQVSLUDWLRQ
  73. 73. 7KLV+DGLWKPHQWLRQV WKHPDJQLWXGHRI'LYLQHEOHVVLQJVZKLFK+HEHVWRZVXSRQ+LVIDLWKIXOVODYHVRQWKH'DRI 5HVXUUHFWLRQ C$EGXOODKELQC8PDUELQ$O.KDWWDE0D$OODKEHSOHDVHGZLWKWKHP
  74. 74. QDUUDWHGWKDW+HKHDUG 0HVVHQJHURI$OODK3%8+
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
  76. 76. WKDQDQRQHHOVHLQDQRWKHUYHUVLRQKHVDLGDVDPDQFDQORYHDZRPDQ
  77. 77. ,ZDQWHGWRKDYHVH[XDO LQWHUFRXUVHZLWKKHUEXWVKHUHIXVHG+DUGSUHVVHGLQDHDURIIDPLQHVKHDSSURDFKHGPH,JDYHKHU RQHKXQGUHGDQGWZHQWGLQDUVRQFRQGLWLRQWKDWVKHZRXOGLHOGKHUVHOIWRPH6KHDJUHHGDQGZKHQ ZHJRWWRJHWKHUIRUVH[XDOLQWHUFRXUVH
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
  79. 79. OLYHGDQGWKHWZRIROORZLQJ
  80. 80. 3UHIHUHQFHVKRXOGEHJLYHQWRWKHVHUYLFHRISDUHQWVHYHQRYHUWKHVHUYLFHRIRQH VRZQZLIHDQG FKLOGUHQ 7RDEVWDLQIURPVLQVRXWRIIHDURI$OODKLVDKLJKOPHULWRULRXVDFW /DERXUHUVVKRXOGDOZDVEHWUHDWHGIDLUO,IVRPHRQHKDVSDLGWRDODERXUHUOHVVWKDQKLVGXHLW VKRXOGEHSDLGWRKLPLQDGHFHQWPDQQHU $QVXSSOLFDWLRQZKLFKLVPDGHVLQFHUHODQGZLWKUHDOVHQVHRIKXPEOHQHVVLVJUDQWHGE$OODK $OODKVRPHWLPHVKHOSV+LVSLRXVPHQHYHQLQDQXQXVXDOPDQQHUZKLFKLVWHUPHGDV.DUDPDW ZRQGHURUPDUYHO
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
  82. 82. 2QHVKRXOGDOVRUHSHQWIURPDOOVLQV,IKHUHSHQWVIURPVRPHKLVUHSHQWDQFHZRXOGVWLOOEHVRXQG DFFRUGLQJWRWKHSHRSOHRIVRXQGNQRZOHGJH+HVKRXOGKRZHYHUUHSHQWIURPWKHUHVW 6FULSWXUDO SURRIVIURPWKH%RRNDQGWKH6XQQDKDQGWKHFRQVHQVXVRIWKHVFKRODUVVXSSRUWWKHLQFXPEHQFRI UHSHQWDQFH $OODKWKH([DOWHGVDV $QGDOORIRXEHJ$OODKWRIRUJLYHRX2EHOLHYHUVWKDWRXPDEHVXFFHVVIXO
  83. 83. 6HHNWKHIRUJLYHQHVVRIRXU5XEEDQGWXUQWR+LPLQUHSHQWDQFH
  84. 84. 2RXZKREHOLHYH7XUQWR$OODKZLWKVLQFHUHUHSHQWDQFH
  85. 85. $EX+XUDLUDK0D$OODKEHSOHDVHGZLWKKLP
  86. 86. UHSRUWHG,KHDUG0HVVHQJHURI$OODK3%8+
  87. 87. VDLQJ %$OODK,VHHN$OODK V IRUJLYHQHVVDQGUHSHQWWR+LPPRUHWKDQVHYHQWWLPHVDGD $O%XNKDUL@ RPPHQWDU ,WLVDQLQGXFHPHQWIRUVHHNLQJSDUGRQDQGIRUJLYHQHVV7KH3URSKHW3%8+
  88. 88. ZKRVHSDVWDQGIXWXUH VLQVZHUHIRUJLYHQDVNHG$OODK VIRULJYHQHVV WKHQKRZDERXW XVZKRFRPPLWVLQVRQUHJXODUEDVLV QRWWRVHHNSDUGRQDQGIRUJLYHQHVVIURP$OODK 6LQFHUHDQGFHDVHOHVVSUDHUIRUSDUGRQLVHVVHQWLDOVRWKDWVLQVFRPPLWWHGEXVXQLQWHQWLRQDOODUH DOVRIRUJLYHQ7KHDERYH+DGLWKODVJUHDWHPSKDVLVRQVHHNLQJSDUGRQ $O$JKDUUELQDVDU$O0X]DQL0D$OODKEHSOHDVHGZLWKKLP
  89. 89. QDUUDWHGWKDW7KH0HVVHQJHURI $OODK3%8+
  90. 90. VDLG 7XUQRXSHRSOHLQUHSHQWDQFHWR$OODKDQGEHJSDUGRQRI +LP,WXUQWR+LPLQ UHSHQWDQFHDKXQGUHGWLPHVDGD 0XVOLP@ $QDVELQ0DOLN$O$QVDUL0D$OODKEHSOHDVHGZLWKKLP
  91. 91. WKHVHUYDQWRIWKH0HVVHQJHURI$OODK QDUUDWHG0HVVHQJHURI$OODK3%8+
  92. 92. VDLG 9HULO$OODKLVPRUHGHOLJKWHGZLWKWKHUHSHQWDQFHRI+LV VODYHWKDQDSHUVRQZKRORVWKLVFDPHOLQDGHVHUWODQGDQGWKHQILQGVLWXQH[SHFWHGO
  93. 93. $O%XNKDULDQG0XVOLP@ ,QDQRWKHUYHUVLRQRI0XVOLPKHVDLG 9HULO$OODKLVPRUHSOHDVHGZLWKWKHUHSHQWDQFHRI+LVVODYH WKDQDSHUVRQZKRKDVKLVFDPHOLQDZDWHUOHVVGHVHUWFDUULQJKLVSURYLVLRQRIIRRGDQGGULQNDQGLWLV ORVW+HKDYLQJORVWDOOKRSHVWRJHWWKDWEDFN
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
  95. 95. UHSRUWHG7KH3URSKHW3%8+
  96. 96. VDLG $OODKWKH([DOWHGZLOOFRQWLQXHWRVWUHWFKRXW+LV+DQGLQWKHQLJKWVRWKDWWKHVLQQHUVRIWKHGDPD UHSHQWDQGFRQWLQXHWRVWUHWFK+LV+DQGLQWKHGDWLPHVRWKDWWKHVLQQHUVRIWKHQLJKWPDUHSHQWXQWLO WKHVXQULVHVIURPWKHZHVW 0XVOLP@
  97. 97. RPPHQWDU 7KLV+DGLWKFRQILUPVDQHVVHQWLDO$WWULEXWHRI$OODKLHWKH+DQGZKLFK+HVWUHWFKHV RXWDQWLPH+HZLVKHVZLWKRXWGUDZLQJVLPLODULWWRLWQRULQWHUSUHWDWLRQ6XFKZDVWKHDWWLWXGHRIWKH SLRXVSUHGHFHVVRUVZLWKUHJDUGVWRDOORIWKHHVVHQWLDO$WWULEXWHVRI$OODK,WLVGHGXFHGIURPWKLV +DGLWKWKDWLIRQHFRPPLWVDVLQGXULQJDQKRXURIGDRUQLJKWKHVKRXOGLPPHGLDWHOVHHNWKH IRUJLYHQHVVRI$OODKDVDUHVXOW $EX+XUDLUDK 0D$OODKEHSOHDVHGZLWKKLP
  98. 98. QDUUDWHG0HVVHQJHURI$OODK3%8+
  99. 99. VDLG +H ZKRUHSHQWVEHIRUHWKHVXQULVHVIURPWKHZHVW$OODKZLOOIRUJLYHKLP 0XVOLP@ RPPHQWDU 7DXEDKPHDQVUHWXUQLQJWR$OODKIURPVLQV:KHQDSHUVRQFRPPLWVDVLQKHJRHV DZDIURP$OODK:KHQKHUHSHQWVKHUHWXUQVWR$OODKDQGGHVLUHVIRUEHLQJSDUGRQHGE+LPDQG JHWWLQJQHDU+LP7KLVUHWXUQLQJWRZDUGV+LPLV7DXEDK:KHQLWLVVDLGWKDWC$OODKWXUQVWRZDUGVKLP LWPHDQVWKDW$OODKDFFHSWVKLVUHSHQWDQFH C$EGXOODKELQC8PDU ELQ$O.KDWWDE 0D$OODKEHSOHDVHGZLWKWKHP
  100. 100. UHSRUWHGWKDW7KH3URSKHW 3%8+
  101. 101. VDLG $OODKDFFHSWVDVODYH VUHSHQWDQFHDVORQJDVWKHODWWHULVQRWRQKLVGHDWKEHGWKDWLV EHIRUHWKHVRXORIWKHGLQJSHUVRQUHDFKHVWKHWKURDW
  102. 102. $W7LUPLGKLZKRFDWHJRULVHGLWDV+DGLWK+DVDQ@ RPPHQWDU 7KHZRUG*KDUJKDUDKPHDQVWKHVWDJHZKHQVRXOLVDERXWWROHDYHWKHERGDQG UHDFKHVWKHWKURDW,QRWKHUZRUGVWKHWLPHZKHQRQHVXIIHUVWKHDJRQRIGHDWK +DGLWK+DVDQPHDQVWKDW+DGLWKWKHDXWKHQWLFLWRIZKLFKLVFRQQHFWHGZLWKRXWDQWHFKQLFDOGHIHFW 7KHLUQDUUDWRUVKRZHYHUDUHQH[WWRWKRVHRI+DGLWK6DKLK,QWKHRSLQLRQRI0XKDGGLWKLQ +DGLWK VFKRODUV
  103. 103. +DGLWK+DVDQLVDOVRUHOLDEOHDV+DGLWK6DKLK =LUUELQ+XEDLVKUHSRUWHG,ZHQWWR6DIZDQELQC$VVDO 0D$OODKEHSOHDVHGZLWKKLP
  104. 104. WRLQTXLUH DERXWZLSLQJZLWKZHWKDQGVRYHUOLJKWERRWVZKLOHSHUIRUPLQJ:XGX +HDVNHGPH:KDWEULQJVRX KHUH=LUU ,DQVZHUHG6HDUFKIRUNQRZOHGJH+HVDLG$QJHOVVSUHDGWKHLUZLQJVIRUWKHVHHNHURI NQRZOHGJHRXWRI MRIRUZKDWKHVHHNV,WROGKLP,KDYHVRPHGRXEWVLQPPLQGUHJDUGLQJZLSLQJ RIZHWKDQGVRYHUOLJKWERRWVLQWKHFRXUVHRISHUIRUPLQJ:XGX DIWHUGHIHFDWLRQRUXULQDWLQJ1RZ VLQFHRXDUHRQHRIWKHRPSDQLRQVRIWKH3URSKHW3%8+
  105. 105. ,KDYHFRPHWRDVNRXZKHWKHURX KHDUGDQVDLQJRIWKH3URSKHW3%8+
  106. 106. FRQFHUQLQJLW+HUHSOLHGLQWKHDIILUPDWLYHDQGVDLG+H 3%8+
  107. 107. LQVWUXFWHGXVWKDWGXULQJDMRXUQHZHQHHGQRWWDNHRIIRXUOLJKWERRWVIRUZDVKLQJWKHIHHWXS WRWKUHHGDVDQGQLJKWVH[FHSWLQFDVHRIPDMRULPSXULWDIWHUVH[XDOLQWHUFRXUVH
  108. 108. ,QRWKHUFDVHVVXFK DVVOHHSLQJUHOLHYLQJRQHVHOIRUXULQDWLQJWKHZLSLQJRIZHWKDQGVRYHUOLJKWERRWVZLOOVXIILFH , WKHQTXHVWLRQHGKLP'LGRXKHDUKLPVDDQWKLQJDERXWORYHDQGDIIHFWLRQ +HUHSOLHG:H DFFRPSDQLHGWKH0HVVHQJHURI$OODK3%8+
  109. 109. LQDMRXUQHZKHQDEHGRXLQFDOOHGRXWLQDORXGYRLFH C20XKDPPDG 7KH0HVVHQJHURI$OODK3%8+
  110. 110. UHSOLHGKLPLQWKHVDPHWRQH C+HUH,DP ,VDLGWR KLPWKHEHGRXLQ
  111. 111. C:RHWRRXORZHURXUYRLFHLQKLVSUHVHQFHEHFDXVHRXDUHQRWDOORZHGWRGR VR +HVDLGC%$OODK,ZLOOQRWORZHUPYRLFH DQGWKHQDGGUHVVLQJWKH3URSKHW3%8+
  112. 112. KHVDLG C:KDWDERXWDSHUVRQZKRORYHVSHRSOHEXWKDVQRWIRXQGKLPVHOILQWKHLUFRPSDQ 0HVVHQJHURI $OODK3%8+
  113. 113. UHSOLHG C2QWKH'DRI5HVXUUHFWLRQDSHUVRQZLOOEHLQWKHFRPSDQRIWKRVHZKRPKH ORYHV 7KH0HVVHQJHURI$OODKWKHQNHSWRQWDONLQJWRXVDQGLQWKHFRXUVHRIKLVWDONKHPHQWLRQHGD JDWHZDLQWKHKHDYHQWKH ZLGWKRIZKLFKFRXOGEHFURVVHGEDULGHULQIRUWRUVHYHQWHDUV 6XIDQRQHRIWKHQDUUDWRUVRIWKLVWUDGLWLRQVDLG7KLVJDWHZDLVLQWKHGLUHFWLRQRI6ULD$OODK FUHDWHGLWRQWKHGD+HFUHDWHGWKHKHDYHQVDQGWKHHDUWK,WLVRSHQIRUUHSHQWDQFHDQGZLOOQRWEHVKXW XQWLOWKHVXQULVHVIURPWKDWGLUHFWLRQLHWKH:HVW
  114. 114. RQ'RRPVGD
  115. 115. $W7LUPLGKLZKRFDWHJRULVHGLWDV+DGLWK+DVDQ6DKLK@ RPPHQWDU :HOHDUQIURPWKLV+DGLWKWKDWLQDEOXWLRQLWLVSHUPLVVLEOHWRZLSHRYHUOLJKWERRWVUDWKHUWKDQ ZDVKLQJWKHIHHW,WLVFDOOHG0DVK7KHSHULRGLQZKLFK0DVKLVLQWDFW LQFDVHRIWUDYHOOHUVLWLVWKUHH GDVDQGWKUHHQLJKWVZKLOHIRUWKHUHVLGHQWVLWLVRQHGDDQGRQHQLJKWRQO$SUHFRQGLWLRQIRULWLV WKDWOLJKWERRWVVKRXOGEHFOHDQDQGZRUQDIWHUIXOO:XGX $QNOHVVKRXOGDOVREHFRYHUHG,QFDVHRI EUHDFKRIDEOXWLRQWKHZLSLQJRYHUWKHVRFNVLVVXIILFLHQWDQGWKHUHLVQRQHHGIRUZDVKLQJWKHIHHW
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
  117. 117. UHSRUWHG3URSKHWRI$OODK3%8+
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
  120. 120. ZKHUH KHLQWHQGHGWRJRDQGVRWKHDQJHOVRIPHUFFROOHFWHGKLVVRXO $O%XNKDULDQG0XVOLP@ ,QDQRWKHUYHUVLRQ +HZDVIRXQGWREHQHDUHUWRWKHORFDOLWRIWKH SLRXVEDFXELWDQGZDVWKXV LQFOXGHGDPRQJWKHP $QRWKHUYHUVLRQVDV $OODKFRPPDQGHGWKHODQGZKLFKKHZDQWHGWROHDYH
  121. 121. WRPRYHDZDDQGFRPPDQGHGWKHRWKHUODQGKLVGHVWLQDWLRQ
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
  123. 123. ZKHQKHEHFDPHEOLQGQDUUDWHG,KHDUG.DCEELQ0DOLN0D$OODKEHSOHDVHGZLWKKLP
  124. 124. QDUUDWLQJWKH VWRURIKLVUHPDLQLQJEHKLQGLQVWHDGRI MRLQLQJ0HVVHQJHURI$OODK3%8+
  125. 125. ZKHQKHOHIWIRUWKH EDWWOHRI7DEXN.DCEVDLG,DFFRPSDQLHG0HVVHQJHURI$OODK3%8+
  126. 126. LQHYHUH[SHGLWLRQZKLFKKH XQGHUWRRNH[FHSWLQJWKHEDWWOHRI7DEXNDQGWKHEDWWOHRI%DGU$VIRUWKHEDWWOHRI%DGUQRERGZDV EODPHGIRUUHPDLQLQJEHKLQGDV0HVVHQJHURI$OODK3%8+
  127. 127. DQGWKH0XVOLPVZKHQWKHVHWRXWKDG LQPLQGRQOWRLQWHUFHSWWKHFDUDYDQRIWKH4XUDLVK$OODKPDGHWKHPFRQIURQWWKHLUHQHPLHV XQH[SHFWHGO,KDGWKHKRQRXURIEHLQJZLWK0HVVHQJHURI$OODK3%8+
  128. 128. RQWKHQLJKWRIC$TDEDK ZKHQZHSOHGJHGRXUDOOHJLDQFHWR,VODPDQGLWZDVGHDUHUWRPHWKDQSDUWLFLSDWLQJLQWKHEDWWOHRI %DGUDOWKRXJK%DGUZDVPRUHZHOONQRZQDPRQJWKHSHRSOHWKDQWKDW$QGWKLVLVWKHDFFRXQWRIP VWDLQJEHKLQGIURPWKHEDWWOHRI7DEXN,QHYHUKDGEHWWHUPHDQVDQGPRUHIDYRXUDEOHFLUFXPVWDQFHV WKDQDWWKHWLPHRIWKLVH[SHGLWLRQ$QGE$OODK,KDGQHYHUEHIRUHSRVVHVVHGWZRULGLQJFDPHOVDV, GLGGXULQJWKHWLPHRIWKLVH[SHGLWLRQ:KHQHYHU0HVVHQJHURI$OODK3%8+
  129. 129. GHFLGHGWRJRRQD FDPSDLJQKHZRXOGQRWGLVFORVHKLVUHDOGHVWLQDWLRQWLOOWKHODVWPRPHQWRIGHSDUWXUH
  130. 130. %XWRQWKLV
  131. 131. H[SHGLWLRQKHVHWRXWLQH[WUHPHOKRWZHDWKHUWKHMRXUQHZDVORQJDQGWKHWHUUDLQZDVZDWHUOHVV GHVHUWDQGKHKDGWRIDFHDVWURQJDUPVRKHLQIRUPHGWKH0XVOLPVDERXWWKHDFWXDOSRVLWLRQVRWKDW WKHVKRXOGPDNHIXOOSUHSDUDWLRQIRUWKHFDPSDLJQ$QGWKH0XVOLPVZKRDFFRPSDQLHG0HVVHQJHURI $OODK3%8+
  132. 132. DWWKDWWLPHZHUHLQODUJHQXPEHUEXWQRSURSHUUHFRUGRIWKHPZDVPDLQWDLQHG .DCE IXUWKHU
  133. 133. VDLG)HZZHUHWKHSHUVRQVZKRFKRVHWRUHPDLQDEVHQWEHOLHYLQJWKDWWKHFRXOGHDVLOKLGH WKHPVHOYHVDQGWKXVUHPDLQXQGHWHFWHG
  134. 134. XQOHVV5HYHODWLRQIURP$OODKWKH([DOWHGDQG*ORULRXV UHYHDOHGUHODWLQJWRWKHP
  135. 135. $QG0HVVHQJHURI$OODK3%8+
  136. 136. VHWRXWRQWKLVH[SHGLWLRQZKHQWKHIUXLW ZHUHULSHDQGWKHLUVKDGHZDVVRXJKW,KDGDZHDNQHVVIRUWKHPDQGLWZDVGXULQJWKLVVHDVRQWKDW 0HVVHQJHURI$OODK3%8+
  137. 137. DQGWKH0XVOLPVPDGHSUHSDUDWLRQV,DOVRZRXOGVHWRXWLQWKHPRUQLQJWR PDNHSUHSDUDWLRQVDORQJZLWKWKHPEXWZRXOGFRPHEDFNKDYLQJGRQHQRWKLQJDQGVDLGWRPVHOI , KDYHPHDQVHQRXJKWRPDNHSUHSDUDWLRQV
  138. 138. DVVRRQDV,OLNH $QG,ZHQWRQGRLQJWKLVSRVWSRQLQJP SUHSDUDWLRQV
  139. 139. WLOOWKHWLPHRIGHSDUWXUHFDPHDQGLWZDVLQWKHPRUQLQJWKDW0HVVHQJHURI$OODK3%8+
  140. 140. VHWRXWDORQJZLWKWKH0XVOLPVEXW,KDGPDGHQRSUHSDUDWLRQV,ZRXOGJRHDUOLQWKHPRUQLQJDQG FRPHEDFNEXWZLWKQRGHFLVLRQ,ZHQWRQGRLQJVRXQWLOWKHWKH0XVOLPV
  141. 141. KDVWHQHGDQGFRYHUHGD JRRGGHDORIGLVWDQFH7KHQ,ZLVKHGWRPDUFKRQDQGMRLQWKHP:RXOGWKDW,KDGGRQHWKDW%XW SHUKDSVLWZDVQRWGHVWLQHGIRUPH$IWHUWKHGHSDUWXUHRI0HVVHQJHURI$OODK3%8+
  142. 142. ZKHQHYHU, ZHQWRXW,ZDVJULHYHGWRILQGQRJRRGH[DPSOHWRIROORZEXWFRQILUPHGKSRFULWHVRUZHDNSHRSOH ZKRP$OODKKDGH[HPSWHGIURPPDUFKLQJIRUWKIRU-LKDG
  143. 143. 0HVVHQJHURI$OODK3%8+
  144. 144. PDGHQR PHQWLRQRIPHXQWLOKHUHDFKHG7DEXN:KLOHKHZDVVLWWLQJZLWKWKHSHRSOHLQ7DEXNKHVDLG C:KDW KDSSHQHGWR.DCEELQ0DOLN $SHUVRQIURP%DQX6DOLPDKVDLG20HVVHQJHURI$OODKWKHEHDXW
  145. 145. RIKLVFORDNDQGDQDSSUHFLDWLRQRI KLVILQHUKDYHGHWDLQHGKLP 8SRQWKLV0XCDGKELQ-DEDO 0DW$OODKEHSOHDVHGZLWKKLP
  146. 146. DGPRQLVKHGKLPDQGVDLGWR0HVVHQJHURI$OODK3%8+
  147. 147. %$OODK ZHNQRZQRWKLQJDERXWKLPEXWJRRG 0HVVHQJHURI$OODK3%8+
  148. 148. KRZHYHUNHSWTXLHW$WWKDWWLPH KHWKH3URSKHW3%8+
  149. 149. VDZDSHUVRQGUHVVHGLQZKLWHDQGVDLG C%H$EX.KDLWKDPDK $QGZDV$EX .KDLWKDPDK$O$QVDULZDVWKHSHUVRQZKRKDGFRQWULEXWHGD6DCRIGDWHVDQGZDVULGLFXOHGEWKH KSRFULWHV .DCEELQ0DOLNIXUWKHUVDLG:KHQWKHQHZVUHDFKHGPHWKDW0HVVHQJHURI$OODK3%8+
  150. 150. ZDVRQKLVZDEDFNIURP7DEXN,ZDVJUHDWOGLVWUHVVHG,WKRXJKWRIIDEULFDWLQJDQH[FXVHDQGDVNHG PVHOIKRZ,ZRXOGVDYHPVHOIIURPKLVDQJHUWKHQH[WGD,QWKLVFRQQHFWLRQ,VRXJKWWKHFRXQVHOV RIHYHUSUXGHQWPHPEHURIPIDPLO:KHQ,ZDVWROGWKDW0HVVHQJHURI$OODK3%8+
  151. 151. ZDVDERXWWR DUULYHDOOWKHZLFNHGLGHDVYDQLVKHGIURPPPLQG
  152. 152. DQG,FDPHWRWKHFRQFOXVLRQWKDWQRWKLQJEXWWKH WUXWKFRXOGVDYHPH6R,GHFLGHGWRWHOOKLPWKHWUXWK,WZDVLQWKHPRUQLQJWKDW0HVVHQJHURI$OODK 3%8+
  153. 153. DUULYHGLQ$O0DGLQDK,WZDVKLVKDELWWKDWZKHQHYHUKHFDPHEDFNIURPDMRXUQHKHZRXOG ILUVWJRWRWKHPRVTXHDQGSHUIRUPWZR5DNCDKRIRSWLRQDO SUDHU
  154. 154. DQGZRXOGWKHQVLWZLWKWKHSHRSOH :KHQKHVDWWKRVHZKRKDGUHPDLQHGEHKLQGKLPEHJDQWRSXWIRUZDUGWKHLUH[FXVHVDQGWDNHDQRDWK EHIRUHKLP7KHZHUHPRUHWKDQHLJKWLQQXPEHU0HVVHQJHURI$OODK3%8+
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
  156. 156. %$OODKWKHUHLVQRYDOLGH[FXVHIRUPH %$OODK,QHYHUSRVVHVVHGVRJRRGPHDQVDQG,QHYHUKDGVXFKIDYRXUDEOHFRQGLWLRQVIRUPHDV,KDG ZKHQ,VWDHGEHKLQG 7KHUHXSRQ0HVVHQJHURI$OODK3%8+
  157. 157. VDLG 7KLVPDQVSRNHWKHWUXWKVRJHW XSDQGZDLW
  158. 158. XQWLO$OODKJLYHVDGHFLVLRQDERXWRX ,OHIWDQGVRPHSHRSOHRI %DQX6DOLPDKIROORZHG PH7KHVDLGWRPHC%$OODKZHGRQRWNQRZWKDWRXFRPPLWWHGDVLQEHIRUHRXKRZHYHU VKRZHGLQDELOLWWRSXWIRUZDUGDQH[FXVHEHIRUH0HVVHQJHURI$OODK3%8+
  159. 159. OLNHWKRVHZKRVWDHG EHKLQGKLP,WZRXOGKDYHEHHQHQRXJKIRUWKHIRUJLYHQHVVRIRXUVLQWKDW0HVVHQJHURI$OODK 3%8+
  160. 160. ZRXOGKDYHVRXJKWIRUJLYHQHVVIRURX %$OODKWKHNHSWRQUHSURDFKLQJPHXQWLO,WKRXJKW RIJRLQJEDFNWR0HVVHQJHURI$OODK3%8+
  161. 161. DQGUHWUDFWPFRQIHVVLRQ7KHQ,VDLGWRWKHP +DV DQRQHHOVHPHWWKHVDPHIDWH 7KHVDLG HVWZRSHUVRQVKDYHPHWWKHVDPHIDWH7KHPDGH WKH VDPHVWDWHPHQWDVRXGLGDQGWKHVDPHYHUGLFWZDVGHOLYHUHGLQWKHLUFDVH ,DVNHGC:KRDUHWKH 7KHVDLG 0XUDUDKELQ$U5DELC$OC$PULDQG+LODOELQ8PDLDK$O:DTLIL 7KHPHQWLRQHGWKHVH WZRSLRXVPHQZKRKDGWDNHQSDUWLQWKHEDWWOHRI%DGUDQGWKHUHZDVDQH[DPSOHIRUPHLQWKHP,ZDV FRQILUPHGLQPRULJLQDOUHVROYH0HVVHQJHURI$OODK3%8+
  162. 162. SURKLELWHGWKH0XVOLPVWRWDONWRWKH WKUHHRIXVIURPDPRQJVWWKRVHZKRKDGVWDHGEHKLQG7KHSHRSOHEHJDQWRDYRLGXVDQGWKHLUDWWLWXGH WRZDUGVXVFKDQJHGDQGLWVHHPHGDVLIWKHZKROHDWPRVSKHUHKDGWXUQHGDJDLQVWXVDQGLWZDVLQIDFW WKHVDPHDWPRVSKHUHRIZKLFK,ZDVIXOODZDUHDQGLQZKLFK,KDGOLYHGIRUDIDLUOORQJWLPH
  163. 163. :H
  164. 164. VSHQWILIWQLJKWVLQWKLVYHUVWDWHDQGPWZRIULHQGVFRQILQHGWKHPVHOYHVZLWKLQWKHLUKRXVHVDQG VSHQWPRVWRIWKHLU
  165. 165. WLPHZHHSLQJ$V,ZDVWKHRXQJHVWDQGWKHVWURQJHVW,ZRXOGOHDYHPKRXVH DWWHQGWKHFRQJUHJDWLRQDO6DODWPRYHDERXWLQWKHED]DDUVEXWQRQHZRXOGVSHDNWRPH,ZRXOGFRPH WR0HVVHQJHURI$OODK3%8+
  166. 166. DVKHVDWDPRQJVWSHRSOH
  167. 167. DIWHUWKH6DODWJUHHWKLPDQGZRXOGDVN PVHOIZKHWKHURUQRWKLVOLSVPRYHGLQUHVSRQVHWRPJUHHWLQJV7KHQ,ZRXOGSHUIRUP6DODWQHDUKLP DQGORRNDWKLPVWHDOWKLO:KHQ,ILQLVKP6DODWKHZRXOGORRNDW PHDQGZKHQ,ZRXOGFDVWDJODQFH DWKLPKHZRXOGWXUQDZDKLVHHVIURPPH:KHQWKHKDUVKWUHDWPHQWRIWKH0XVOLPVWRPH FRQWLQXHGIRUDFRQVLGHUDEOH
  168. 168. OHQJWKRIWLPH,ZDONHGDQG,FOLPEHGXSRQWKHZDOORIWKHJDUGHQRI $EX4DWDGDKZKRZDVPFRXVLQDQG,KDGDJUHDWORYHIRUKLP,JUHHWHGKLPEXWE$OODKKHGLG QRWDQVZHUWRPJUHHWLQJ,VDLGWRKLPC2$EX4DWDGDK,DGMXUHRXLQWKH1DPHRI$OODKDUHRX QRWDZDUHWKDW,ORYH$OODKDQG+LV0HVVHQJHU3%8+
  169. 169. ,DVNHGKLPWKHVDPHTXHVWLRQDJDLQEXWKH UHPDLQHGVLOHQW,DJDLQDGMXUHGKLPZKHUHXSRQKHVDLGC$OODKDQG+LV0HVVHQJHU3%8+
  170. 170. NQRZ EHWWHU 0HHVZHUHILOOHGZLWKWHDUVDQG,FDPHEDFNFOLPELQJGRZQWKHZDOO $V,ZDVZDONLQJLQWKHED]DDUVRI$O0DGLQDKDPDQIURPWKH6ULDQSHDVDQWVZKRKDGFRPHWRVHOO IRRGJUDLQVLQ$O0DGLQDKDVNHGSHRSOHWRGLUHFWKLPWR.DCEELQ0DOLN3HRSOHSRLQWHGWRZDUGVPH +HFDPHWRPHDQGGHOLYHUHGDOHWWHUIURPWKH.LQJRI*KDVVDQDQGDV,ZDVDVFULEH,UHDGWKDWOHWWHU ZKRVHSXUSRUWZDV C,WKDVEHHQFRQYHHGWRXVWKDWRXUIULHQGWKH3URSKHW3%8+
  171. 171. ZDVWUHDWLQJRX KDUVKO$OODKKDVQRWFUHDWHGRXIRUDSODFHZKHUHRXDUHWREHGHJUDGHGDQGZKHUHRXFDQQRWILQG RXUULJKWSODFHVRFRPHWRXVDQGZHVKDOOUHFHLYHRXJUDFLRXVO $V,UHDGWKDWOHWWHU,VDLG 7KLVLV WRRDWULDO VR,SXWLWWRILUHLQDQRYHQ:KHQIRUWGDVKDGHODSVHGDQG0HVVHQJHURI$OODK3%8+
  172. 172. UHFHLYHGQR5HYHODWLRQWKHUHFDPHWRPHDPHVVHQJHURIWKH0HVVHQJHURI$OODKDQGVDLGC9HULO 0HVVHQJHURI$OODK3%8+
  173. 173. KDVFRPPDQGHGRXWRNHHSDZDIURPRXUZLIH ,VDLGC6KRXOG, GLYRUFHKHURUZKDWHOVHVKRXOG,GR +HVDLGC1REXWRQONHHSDZDIURPKHUDQGGRQ WKDYHVH[XDO FRQWDFWZLWKKHU 7KHVDPHPHVVDJHZDVVHQWWRPFRPSDQLRQV6R,VDLGWR PZLIH RXEHWWHUJR WRRXUSDUHQWVDQGVWDWKHUHZLWKWKHPXQWLO$OODKJLYHVWKHGHFLVLRQLQPFDVH 7KHZLIHRI+LODO ELQ8PDLDKFDPHWR0HVVHQJHURI$OODK3%8+
  174. 174. DQGVDLG 20HVVHQJHURI$OODK+LODOELQ 8PDLDKLVDVHQLOHSHUVRQDQGKDVQR VHUYDQW'RRXGLVDSSURYHLI,VHUYHKLP +HVDLG C1REXW GRQ WOHWKLPKDYHDQVH[XDOFRQWDFWZLWKRX 6KHVDLG %$OODKKHKDVQRVXFKGHVLUHOHIWLQKLP %$OODKKHKDVEHHQLQWHDUVVLQFHWKLVFDODPLW
  175. 175. VWUXFNKLP 0HPEHUVRIPIDPLOVDLGWRPH CRXVKRXOGKDYHVRXJKWSHUPLVVLRQIURP0HVVHQJHURI$OODK3%8+
  176. 176. LQUHJDUGWRRXUZLIH+HKDV DOORZHGWKHZLIHRI+LODOELQ8PDLDKWRVHUYHKLP ,VDLG ,ZRXOGQRWVHHNSHUPLVVLRQIURP 0HVVHQJHURI$OODK3%8+
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
  178. 178. UHOLHIIRUPH 0HVVHQJHURI$OODK3%8+
  179. 179. KDGLQIRUPHGWKHSHRSOHDERXWWKHDFFHSWDQFHRIRXUUHSHQWDQFHE$OODK DIWHUKH KDGRIIHUHGWKH)DMUSUDHU6RWKHSHRSOHZHQWRQWRJLYHXVJODGWLGLQJVDQGVRPHRIWKHP ZHQWWRPFRPSDQLRQVLQRUGHUWRJLYHWKHPWKHJODGWLGLQJV$PDQVSXUUHGKLVKRUVHWRZDUGVPHWR JLYHWKHJRRGQHZV
  180. 180. DQGDQRWKHURQHIURPWKHWULEHRI$VODPFDPHUXQQLQJIRUWKHVDPHSXUSRVHDQG DVKHDSSURDFKHGWKHPRXQW,UHFHLYHGWKHJRRGQHZVZKLFKUHDFKHGPHEHIRUHWKHULGHUGLG:KHQWKH RQHZKRVHYRLFH,KDGKHDUGFDPHWRPHWRFRQJUDWXODWHPH,WRRNRIIPJDUPHQWVDQGJDYHWKHPWR KLPIRUWKHJRRGQHZVKHEURXJKWWRPH%$OODK,SRVVHVVHGQRWKLQJHOVHLQWKHIRUPRIFORWKHV
  181. 181. H[FHSWWKHVHJDUPHQWVDWWKDWWLPH7KHQ,ERUURZHGWZRJDUPHQWVGUHVVHGPVHOIDQGFDPHWR 0HVVHQJHURI$OODK3%8+
  182. 182. 2QPZD,PHWJURXSVRISHRSOHZKRJUHHWHGPHIRUWKHDFFHSWDQFH RI
  183. 183. UHSHQWDQFHDQGWKHVDLG RQJUDWXODWLRQVIRUDFFHSWDQFHRIRXUUHSHQWDQFH ,UHDFKHGWKHPRVTXH ZKHUH0HVVHQJHURI$OODK3%8+
  184. 184. ZDVVLWWLQJDPLGVWSHRSOH7DOKDKELQC8EDLGXOODKJRWXSDQG UXVKHGWRZDUGVPHVKRRNKDQGVZLWKPHDQGJUHHWHGPH%$OODKQRSHUVRQVWRRGXSWRJUHHWPH
  185. 185. IURPDPRQJVWWKH0XKDMLUXQEHVLGHVKLP .DCEVDLGWKDWKHQHYHUIRUJRWWKLVJRRGJHVWXUHRI
  186. 186. 7DOKDK .DCEIXUWKHUVDLG,JUHHWHG0HVVHQJHURI$OODK3%8+
  187. 187. ZLWKC$VVDODPXCDODLNXP DQGKLVIDFHZDV EHDPLQJZLWKSOHDVXUH+H3%8+
  188. 188. VDLG C5HMRLFHZLWKWKHEHVWGDRXKDYHHYHUVHHQVLQFHRXU PRWKHUJDYHRXELUWK ,VDLGC20HVVHQJHURI$OODK,VWKLVJRRGQHZV
  189. 189. IURPRXRUIURP$OODK +H VDLG C1RLWLVIURP$OODK $QGLWZDVFRPPRQZLWK0HVVHQJHURI$OODK3%8+
  190. 190. WKDWZKHQHYHUKH ZDVKDSSKLVIDFHZRXOGJORZDVLILWZHUHDSDUWRIWKHPRRQDQGLWZDVIURPWKLVWKDWZHUHFRJQL]HG LWKLVGHOLJKW
  191. 191. $V,VDWEHIRUHKLP,VDLG,KDYHSODFHGDFRQGLWLRQXSRQPVHOIWKDWLI$OODKDFFHSWV P7DXEDK,ZRXOGJLYHXSDOORIPSURSHUWLQFKDULWIRUWKHVDNHRI$OODKDQG+LV0HVVHQJHU 3%8+
  192. 192. 7KHUHXSRQ0HVVHQJHURI$OODK3%8+
  193. 193. VDLG C.HHSVRPHSURSHUWZLWKRXDVLWLVEHWWHU
  194. 194. IRURX ,VDLG ,VKDOONHHSZLWKPHWKDWSRUWLRQZKLFKLVLQ.KDLEDU ,DGGHG 20HVVHQJHURI$OODK 9HULO$OODKKDVJUDQWHGPHVDOYDWLRQEHFDXVHRIPWUXWKIXOQHVVDQGWKHUHIRUHUHSHQWDQFHREOLJHV PHWRVSHDNQRWKLQJEXWWKHWUXWKDVORQJDV,DPDOLYH .DCEDGGHG%$OODK,GRQRWNQRZDQRQH DPRQJWKH0XVOLPVZKRKDVEHHQJUDQWHGWUXWKIXOQHVVEHWWHUWKDQPHVLQFH,VDLGWKLVWRWKH3URSKHW 3%8+
  195. 195. %$OODK6LQFHWKHWLPH,PDGHDSOHGJHRIWKLVWR0HVVHQJHURI$OODK3%8+
  196. 196. ,KDYHQHYHU LQWHQGHGWRWHOODOLHDQG,KRSHWKDW$OODKZRXOGSURWHFWPHDJDLQVWWHOOLQJOLHV
  197. 197. IRUWKHUHVWRIPOLIH $OODKWKH([DOWHGWKH*ORULRXVUHYHDOHGWKHVH9HUVHV $OODKKDVIRUJLYHQWKH3URSKHW3%8+
  198. 198. WKH0XKDMLUXQ0XVOLP(PLJUDQWVZKROHIWWKHLUKRPHVDQG FDPHWR$O0DGLQDK
  199. 199. DQGWKH$QVDU0XVOLPVRI$O0DGLQDK
  200. 200. ZKRIROORZHGKLP0XKDPPDG 3%8+
  201. 201. LQWKHWLPHRIGLVWUHVV7DEXNH[SHGLWLRQ
  202. 202. DIWHUWKHKHDUWVRIDSDUWRIWKHPKDGQHDUO GHYLDWHGIURPWKH5LJKW3DWK
  203. 203. EXW+HDFFHSWHGWKHLUUHSHQWDQFHHUWDLQO+HLVXQWRWKHPIXOORI NLQGQHVV0RVW0HUFLIXO$QG +HGLGIRUJLYHDOVR
  204. 204. WKHWKUHHZKRGLGQRWMRLQWKH7DEXNH[SHGLWLRQ DQGZKRVHFDVHZDVGHIHUUHGEWKH3URSKHW3%8+
  205. 205. IRU$OODK V'HFLVLRQ@WLOOIRUWKHPWKHHDUWKYDVW DVLWLVZDVVWUDLWHQHGDQGWKHLURZQVHOYHVZHUHVWUDLWHQHGWRWKHPDQGWKHSHUFHLYHGWKDWWKHUHLVQR IOHHLQJIURP$OODKDQGQRUHIXJHEXWZLWK+LP7KHQ+HIRUJDYHWKHPDFFHSWHGWKHLUUHSHQWDQFH
  206. 206. WKDWWKHPLJKWEHJIRU+LV3DUGRQUHSHQWXQWR+LP
  207. 207. @9HULO$OODKLVWKH2QH:KRIRUJLYHVDQG DFFHSWVUHSHQWDQFH0RVW0HUFLIXO2RXZKREHOLHYH%HDIUDLGRI$OODKDQGEHZLWKWKRVHZKRDUH WUXHLQZRUGDQGGHHGV
  208. 208. .DCEVDLG%$OODKVLQFH$OODKJXLGHGPHWR,VODPWKHUHKDVEHHQQREOHVVLQJPRUHVLJQLILFDQWIRU PHWKDQWKLVWUXWKRIPLQHZKLFK,VSRNHWR0HVVHQJHURI$OODK3%8+
  209. 209. DQGLI,ZHUHWRWHOODOLH, ZRXOGKDYHEHHQUXLQHGDVZHUHUXLQHGWKRVHZKRKDGWROGOLHVIRU$OODKGHVFULEHGWKRVHZKRWROGOLHV ZLWKWKHZRUVWGHVFULSWLRQ+HHYHUDWWULEXWHGWRDQERGHOVHDV+HVHQWGRZQWKH5HYHODWLRQ 7KHZLOOVZHDUE$OODKWRRX0XVOLPV
  210. 210. ZKHQRXUHWXUQWRWKHPWKDWRXPDWXUQDZDIURP WKHP6RWXUQDZDIURPWKHP6XUHOWKHDUH5LMVXQLH1DMDVXQLPSXUH
  211. 211. EHFDXVHRIWKHLUHYLO GHHGV@DQG+HOOLVWKHLUGZHOOLQJSODFH DUHFRPSHQVHIRUWKDWZKLFKWKHXVHGWRHDUQ7KHWKH KSRFULWHV
  212. 212. VZHDUWRRX0XVOLPV
  213. 213. WKDWRXPDEHSOHDVHGZLWKWKHPEXWLIRXDUHSOHDVHGZLWK WKHPFHUWDLQO$OODKLVQRWSOHDVHGZLWKWKHSHRSOHZKRDUH$O)D VLTXQUHEHOOLRXVGLVREHGLHQWWR $OODK
  214. 214. .DCEIXUWKHUDGGHG7KHPDWWHURIWKHWKUHHRIXVUHPDLQHGSHQGLQJIRUGHFLVLRQDSDUWIURPWKHFDVH RIWKRVHZKRKDGPDGHH[FXVHVRQRDWKEHIRUH0HVVHQJHURI$OODK3%8+
  215. 215. DQGKHDFFHSWHGWKRVH WRRNIUHVKRDWKVRIDOOHJLDQFHIURPWKHPDQGVXSSOLFDWHGIRUWKHLUIRUJLYHQHVV7KH3URSKHW3%8+
  216. 216. NHSWRXUPDWWHUSHQGLQJWLOO$OODKGHFLGHGLW 7KHWKUHHZKRVHPDWWHUZDVGHIHUUHGKDYHEHHQVKRZQ PHUF 7KHUHIHUHQFHKHUHLVQRWWRRXUVWDLQJEDFNIURPWKHH[SHGLWLRQEXWWRKLVGHODLQJRXUPDWWHU DQGNHHSLQJLWSHQGLQJEHRQGWKHPDWWHURIWKRVHZKRPDGHWKHLUH[FXVHVRQRDWKZKLFKKHDFFHSWHG $O%XNKDULDQG0XVOLP@ $QRWKHUYHUVLRQDGGV0HVVHQJHURI$OODK3%8+
  217. 217. VHWRXWIRU7DEXNRQ7KXUVGD+HXVHGWRSUHIHU WRVHWRXWRQMRXUQHRQ7KXUVGD $QRWKHUYHUVLRQVDV0HVVHQJHURI$OODK3%8+
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
  219. 219. 2QHPXVWIDFHZLWKIRUEHDUDQFHWKHGLIILFXOWLHVZKLFKFRPHLQWKHZDRI'HHQ ,WLVQRWSUDLVHZRUWKWKDWRQHJLYHVLQFKDULWDOOWKHSURSHUWKHKDV2QHPXVWNHHSZKDWLVQHHGHG IRUWKHODZIXOQHHGV ,WLVODZIXOWRJLYHVRPHWKLQJEZDRIJLIWDQGUHZDUGWRDSHUVRQZKRFRQJUDWXODWHVLQWKHHYHQWV RIKDSSLQHVV 7KHDELOLWWRVHHNSDUGRQLVDJLIWIURP$OODKIRUZKLFKRQHPXVWH[SUHVVJUDWLWXGHWR+LP $QSURPLVHWKDWRQHPDNHVPXVWEHNHSWHWFHWF ,PUDQELQ$O+XVDLQ$O.KX]DCL0D$OODKEHSOHDVHGZLWKKLP
  220. 220. UHSRUWHG$ZRPDQIURPWKH WULEH-XKDLQDKFDPHWR0HVVHQJHURI$OODK3%8+
  221. 221. ZKLOHVKHZDVSUHJQDQWIURP=LQD
  222. 222. DGXOWHUDQG VDLGWRKLP20HVVHQJHURI$OODK,KDYHFRPPLWWHGDQRIIHQVHOLDEOHWR+DGGSUHVFULEHG SXQLVKPHQW
  223. 223. VRH[DFWWKHH[HFXWLRQRIWKHVHQWHQFH 0HVVHQJHURI$OODK3%8+
  224. 224. FDOOHGKHUJXDUGLDQ DQGVDLGWRKLP 7UHDWKHUNLQGO%ULQJKHUWRPHDIWHUWKHGHOLYHURIWKHFKLOG 7KDWPDQFRPSOLHG ZLWKWKHRUGHUV$WODVWWKH3URSKHW3%8+
  225. 225. FRPPDQGHGWRFDUURXWWKHVHQWHQFH+HUFORWKHVZHUH VHFXUHGDURXQGKHUDQGVKHZDVVWRQHGWRGHDWK7KH3URSKHW3%8+
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
  227. 227. UHSRUWHG0HVVHQJHURI$OODK 3%8+
  228. 228. VDLG ,IDVRQRI$GDPZHUHWRRZQDYDOOHIXOORIJROGKHZRXOGGHVLUHWRKDYHWZR 1RWKLQJFDQILOOKLVPRXWKH[FHSWWKHHDUWKRIWKHJUDYH
  229. 229. $OODKWXUQVZLWKPHUFWRKLPZKRWXUQVWR +LPLQUHSHQWDQFH $O%XNKDULDQG0XVOLP@ RPPHQWDU 7KLV+DGLWKGHDOVZLWKPDQ VJUHHGDQGKLVOXVWIRUPDWHULDOZHDOWK2QOWKHSHUVRQ ZKRKDVDSHUIHFW)DLWKFDQVDYHKLPVHOIIURPLW $EX +XUDLUDK0D$OODKEHSOHDVHGZLWKKLP
  230. 230. UHSRUWHG0HVVHQJHURI$OODK3%8+
  231. 231. VDLG $OODK WKH([DOWHGVPLOHVDWWZRPHQRQHRIWKHPNLOOHGWKHRWKHUDQGERWKZLOOHQWHU-DQQDK7KHILUVWLV NLOOHGEWKHRWKHUZKLOHKHLVILJKWLQJLQWKHDXVHRI$OODKDQGWKHUHDIWHU$OODKZLOOWXUQLQPHUFWR WKHVHFRQGDQGJXLGHKLPWRDFFHSW,VODPDQGWKHQKHGLHVDVD6KDKHHGPDUWU
  232. 232. ILJKWLQJLQWKHDXVH RI$OODK $O%XNKDULDQG0XVOLP@
  233. 233. RPPHQWDU (YHQWKHJUHDWHVWVLQVLQFOXGLQJWKRVHZKLFKRQHKDVFRPPLWWHGEHIRUHHPEUDFLQJ ,VODPDUHIRUJLYHQEUHSHQWDQFH 6PLOLQJLVDOVRRQHRIWKH$WWULEXWHVRI$OODKDOWKRXJKZHDUHXQDZDUHRIWKHQDWXUHRILW +$37(5 3$7,(1($1'3(56(9(5$1( $OODKWKH([DOWHGVDV 2RXZKREHOLHYH(QGXUHDQGEHPRUHSDWLHQW
  234. 234. $QGFHUWDLQO:HVKDOOWHVWRXZLWKVRPHWKLQJRIIHDUKXQJHUORVVRIZHDOWKOLYHVDQGIUXLWV EXWJLYHJODGWLGLQJVWR$V6DELUXQWKHSDWLHQW
  235. 235. 2QOWKRVHZKRDUHSDWLHQWVKDOOUHFHLYHWKHLUUHZDUGLQIXOOZLWKRXWUHFNRQLQJ
  236. 236. $QGYHULOZKRVRHYHUVKRZVSDWLHQFHDQGIRUJLYHVWKDWZRXOGWUXOEHIURPWKHWKLQJV UHFRPPHQGHGE$OODK
  237. 237. 6HHNKHOSLQSDWLHQFHDQG$V6DODWWKHSUDHU
  238. 238. 7UXO$OODKLVZLWK$V6DELUXQWKHSDWLHQW
  239. 239. $QGVXUHO:HVKDOOWURXWLOO:HWHVWWKRVHZKRVWULYHKDUGIRUWKHDXVHRI$OODK
  240. 240. DQG$V 6DELUXQWKHSDWLHQW
  241. 241. 7KHUHDUHQXPHURXV9HUVHVRIWKH1REOH4XU DQLQFXOFDWLQJSDWLHQFHDQGH[WROOLQJLW $EX0DOLN$O+DULWKELQ$VLP$O$VKCDU0D $OODKEHSOHDVHGZLWKKLP
  242. 242. UHSRUWHGWKDW7KH 0HVVHQJHURI$OODK3%8+
  243. 243. VDLG :XGX LVKDOIRI6DODKWKHXWWHUDQFHRI $OKDPGXOLOODK DOO SUDLVHEHORQJVWR$OODK
  244. 244. ILOOVWKH6FDOHVRIJRRGDFWLRQVWKHXWWHUDQFHRI6XEKDQ$OODKZD$OKDPGX OLOODK
  245. 245. $OODKLVIDUUHPRYHGIURPHYHULPSHUIHFWLRQDQGDOOSUDLVHEHORQJVWR$OODK
  246. 246. ILOOVWKHVSDFH EHWZHHQWKHKHDYHQVDQGWKHHDUWKDQG6DODWSUDHU
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
  248. 248. 2QHVKRXOGQRWOHDYHRQHVHOILGOHEXWNHHSLWEXV EXVLQVRPHQREOHZRUNRWKHUZLVHLWZRXOG WHQGWRHYLOZKLFKZLOOHYHQWXDOOUXLQKLP 2QHVKRXOGVSHQGWKLVWUDQVLWRUHDUWKOOLIHLQWKHREHGLHQFHRI$OODK $EX6D LG$O.KXGUL0D$OODKEHSOHDVHGZLWKKLP
  249. 249. UHSRUWHGWKDWHUWDLQSHRSOHRIWKH$QVDU DVNHGWKH0HVVHQJHURI$OODK3%8+
  250. 250. DQGKHJDYHWKHPWKHQWKHDJDLQDVNHGKLPDQGKHJDYHWKHP XQWLODOOZKDWKHSRVVHVVHGZDVH[KDXVWHG7KHQWKH3URSKHW3%8+
  251. 251. VDLG :KDWHYHUZHDOWK,KDYH, ZLOOQRWZLWKKROGIURPRX:KRVRHYHUZRXOGEHFKDVWHDQGPRGHVW$OODKZLOONHHSKLPFKDVWHDQG PRGHVWDQGZKRVRHYHUZRXOGVHHNVHOIVXIILFLHQF$OODKZLOOPDNHKLPVHOIVXIILFLHQWDQGZKRVRHYHU ZRXOGEHSDWLHQW$OODKZLOOJLYHKLPSDWLHQFHDQGQRRQHLVJUDQWHGDJLIWEHWWHUDQGPRUH FRPSUHKHQVLYHWKDQSDWLHQFH $O%XNKDULDQG0XVOLP@ RPPHQWDU %HVLGHVGHVFULELQJJHQHURVLWNLQGQHVVPXQLILFHQFHDQGQRELOLWRIWKH3URSKHW 3%8+
  252. 252. KHKDVEHHQRUGDLQHGE$OODKWRDGRSWSDWLHQFHFRQWHQWPHQWDQGVHOIUHVSHFWDQGWRDYRLG DQRQH VIDYRXU $EXDKD6XKDLEELQ6LQDQ0D$OODKEHSOHDVHGZLWKKLP
  253. 253. UHSRUWHGWKDW7KH0HVVHQJHURI $OODK3%8+
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
  255. 255. UHSRUWHG:KHQWKHODVWLOOQHVVRI0HVVHQJHURI$OODK 3%8+
  256. 256. PDGHKLPXQFRQVFLRXV)DWLPDK0D$OODKEHSOHDVHGZLWKKHU
  257. 257. H[FODLPHG$KWKHGLVWUHVV RIPGHDUIDWKHU +H3%8+
  258. 258. VDLG 7KHUHZLOOEHQRGLVWUHVVIRURXUIDWKHUDIWHUWRGD:KHQKH GLHGVKHVDLG0IDWKHU$OODKKDVFDOOHGRXEDFNDQGRXKDYHUHVSRQGHGWR+LVDOO2IDWKHU *DUGHQRI)LUGDXVLVRXUDERGH2IDWKHU:HDQQRXQFHWR-LEULORXUGHDWK :KHQKHZDVEXULHGVKH VDLG$UHRXVDWLVILHGQRZWKDWRXSXWHDUWKRYHUWKHJUDYHRI
  259. 259. 0HVVHQJHURI$OODK3%8+
  260. 260. $O%XNKDUL@ RPPHQWDU 7KLV+DGLWKVKRZVWKDWLWLVSHUPLVVLEOHWRH[SUHVVWKHWURXEOHDQGUHVWOHVVQHVVZKLFK RQHIHHOVDWWKHWLPHRIGHDWK6LPLODUOH[SUHVVLRQRISDLQDQG JULHILQDQDWXUDOZDLQWKHHYHQWRI VRPHRQH VGHDWKLVDOVRSHUPLVVLEOH7RUHPHPEHUWKHYLUWXHVRIWKHGHFHDVHGLVDOVRSHUPLWWHGEXWLWLV WREHIUHHIURPZDLOLQJDQGPRDQLQJODPHQWDWLRQDQGFULQJDQGWHDULQJRIIFORWKHVHWF7KHODVW ZRUGVRI)DWLPDK0D$OODKEHSOHDVHGZLWKKHU
  261. 261. DUHDOVRDZDRIH[SUHVVLQJJULHI DQGVDGQHVVDQG QRWDFULWLFLVPRQWKHEXULDORIWKH3URSKHW3%8+
  262. 262. EHFDXVHVXFKFULWLFLVPLVSURKLELWHGE6KDULCDK DQGQRRQHLVH[HPSWHGIURPLW 8VDPDKELQ=DLG0D$OODKEHSOHDVHGZLWKWKHP
  263. 263. QDUUDWHG7KHGDXJKWHURIWKH3URSKHW3%8+
  264. 264. VHQWIRUKLPDVKHUFKLOGZDVGLQJEXWWKH3URSKHW3%8+
  265. 265. UHWXUQHGWKHPHVVHQJHUDQGVHQWKHUJRRG ZLVKHVVDLQJ :KDWHYHU$OODKWDNHVDZDRUJLYHVEHORQJVWR+LPDQGHYHUWKLQJZLWK+LPKDVD OLPLWHGIL[HGWHUPLQWKLVZRUOG
  266. 266. DQGVRVKHVKRXOGEHSDWLHQWDQGDQWLFLSDWH$OODK VUHZDUG 6KH DJDLQVHQWIRUKLPDGMXULQJKLPIRUWKHVDNHRI$OODKWRFRPH7KH0HVVHQJHURI$OODKDFFRPSDQLHG ZLWK6DCGELQC8EDGDK0XCDGKELQ-DEDO8ED ELQ.DCE=DLGELQ7KDELWDQGVRPHRWKHUPHQZHQW WRVHHKHU7KHFKLOGZDVOLIWHGXSWRWKH0HVVHQJHURI$OODKZKLOHKLVEUHDWKZDVGLVWXUEHGLQKLV FKHVW2QVHHLQJWKDWWKHHHVRIWKH3URSKHW3%8+
  267. 267. VWUHDPHGZLWKWHDUV6DCGVDLG20HVVHQJHURI $OODK:KDWLVWKLV +HUHSOLHG ,WLVFRPSDVVLRQZKLFK$OODKKDVSODFHGLQWKHKHDUWVRI+LVVODYHV $OODKLVRPSDVVLRQDWHRQOWRWKRVHDPRQJ+LVVODYHVZKRDUHFRPSDVVLRQDWH WRRWKHUV
  268. 268. $QRWKHUYHUVLRQVDV0HVVHQJHURI$OODK3%8+
  269. 269. VDLG $OODKVKRZVFRPSDVVLRQRQOWRWKRVH DPRQJ+LVVODYHVZKRDUHFRPSDVVLRQDWH $O%XNKDULDQG0XVOLP@ RPPHQWDU *DWKHULQJRIDOOWKHUHODWLYHVLVQRWQHFHVVDUDWWKHWLPHRIVRPHRQH VGHDWK+RZHYHUWKHLU SDUWLFLSDWLRQLQWKHIXQHUDOSUDHULV0XVWDKDE)DUG.LIDDKDGHVLUDEOHFROOHFWLYHGXWXSRQDOO 0XVOLPVEXWZKLFKLVVXIILFLHQWRUHTXLYDOHQWWRDOOKDYLQJSHUIRUPHGLWLILWLVSHUIRUPHGERQO VRPHRIWKHP
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
  271. 271. UHSRUWHGWKDWWKH0HVVHQJHURI$OODK3%8+
  272. 272. VDLG 7KHUH OLYHGDNLQJEHIRUHRXDQGKHKDGDFRXUWPDJLFLDQ$VKHWKHPDJLFLDQ
  273. 273. JUHZROGKHVDLGWRWKHNLQJ C,KDYHJURZQROGVRVHQGPHD RXQJERLQRUGHUWRWHDFKKLPPDJLF 7KHNLQJVHQWKLPDRXQJ ERWRVHUYHWKHSXUSRVH$QGRQKLVZDWRWKHPDJLFLDQ
  274. 274. WKHRXQJERPHWDPRQNWRZKRPKH OLVWHQHGWRDQGOLNHGLW,WEHFDPHKLVKDELWWKDWRQKLVZDWRWKHPDJLFLDQKHZRXOGPHHWWKHPRQN DQGVLWWKHUHDQGZRXOGFRPHWRWKHPDJLFLDQODWH
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
  276. 276. DQGWKDWRXQJERFDPHZDONLQJWRWKHNLQJ 7KHNLQJVDLGWRKLPC:KDWKDSSHQHGWRRXUFRPSDQLRQV +HVDLGC$OODKKDVVDYHGPHIURPWKHP
  277. 277. +HDJDLQKDQGHGKLPWRVRPHRIKLVFRXUWLHUVDQGVDLGC7DNHKLPDQGFDUUKLPLQDERDWDQGZKHQ RXUHDFKWKHPLGGOHRIWKHVHDDVNKLPWRUHQRXQFHKLVUHOLJLRQ,IKHGRHVQRWUHQRXQFHKLVUHOLJLRQ WKURZKLPLQWRWKHZDWHU
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
  279. 279. UHOLJLRQ WKURZKLP LQWKHILUH RUCKHZRXOGEHRUGHUHGWRMXPSLQWRLW 7KHGLGVRWLOODZRPDQFDPHZLWKKHUFKLOG6KH IHOWKHVLWDQWLQMXPSLQJLQWRWKHILUH7KHFKLOGVDLGWRKHUC2PRWKHU(QGXUHWKLVRUGHDO
  280. 280. IRURXDUH RQWKH5LJKW3DWK 0XVOLP@ RPPHQWDU 7KHPRVWLPSRUWDQWOHVVRQRIWKLV+DGLWKLVWKDWZKDWHYHUGLIILFXOWLHVRQHKDVWRIDFHRQWKHSDWKRI 'HHQKHVKRXOGHQGXUHLWZLWKSDWLHQFHDQGGHWHUPLQDWLRQDQGLILQWHUHVWRIWKH'HHQUHTXLUHVRQH VKRXOGVDFULILFHKLVOLIHIRULW 7KHZRQGHUVGLVSODHGEULJKWHRXVSHRSOHDUHWUXH:KHQ$OODK V:LOODQG:LVGRPUHTXLUHV+H PDQLIHVWVWKHVHZRQGHUVWKURXJK+LVVODYHV ,WLVDSURRIRIWKHWUXWKRIWKH4XU DQWKDWLWKDVUHWROGWKHJUHDWKLVWRULFDOHYHQWOLNH$VKDEXO 8NKGXGZKLFKEXULHGLQWKHGXVWRIDJHVKDGORQJEHHQIRUJRWWHQ ,WLVQRWSRVVLEOHWRH[SODLQDQGLQWHUSUHWWKH4XU DQZLWKRXWWKHKHOSRI$KDGLWK7KHHYHQWRI$VKVE XO8NKGXGPHQWLRQHGLQWKH4XU DQLVDQLQVWDQFHLQSRLQW,WLVWKH+DGLWKWKDWKDVEURXJKWLQWROLJKW WKHGHWDLOVRIWKHHYHQWDQGFODULILHGLWVDPELJXLW 6XFKLQFLGHQWVDUHDVRXUFHRIVWUHQJWKIRU WKHIDLWKRIWUXHEHOLHYHUV $QDV0D$OODKEHSOHDVHGZLWKKLP
  281. 281. UHSRUWHG7KH3URSKHW3%8+
  282. 282. SDVVHGEDZRPDQZKRZDV FULQJRYHUDJUDYHDQGVDLG )HDU$OODKDQGEHSDWLHQW 6KHVDLG$ZDIURPPH0FDODPLWKDV QRWEHIDOOHQRXDQGRXDUH QRWDZDUHRILW 7KHZRPDQZDVODWHUWROGWKDWLWZDVWKH3URSKHW3%8+
  283. 283. ZKRKDGDGYLVHGKHU
  284. 284. 6KHFDPHWRKLVGRRUZKHUHVKHIRXQGQRGRRUNHHSHU6KHVDLG,DPVRUU
  285. 285. , GLGQRWNQRZRX 0HVVHQJHURI$OODK3%8+
  286. 286. VDLG 3DWLHQFHLVEHFRPLQJ
  287. 287. RQODWWKHILUVWVWURNH
  288. 288. RIJULHI $O%XNKDULDQG0XVOLP@ $QRWKHUQDUUDWLRQLQ0XVOLPVDV7KHZRPDQZDVFULQJRYHUKHUVRQ RPPHQWDU 7KLV+DGLWKLQGLFDWHVWKHH[FHOOHQFHRIWKH3URSKHW VFKDUDFWHU7KHZRPDQZKRPKH DGYLVHGWRKDYHSDWLHQFHGLGQRWEHKDYHSURSHUOEXWWKH3URSKHW3%8+
  289. 289. ZDVQHLWKHUDQQRHGQRUGLG KHUHSURDFKKHU:KHQVKHDSSHDUHGEHIRUHKLPIRUWKHVHFRQGWLPHKHDJDLQUHSHDWHGKLVDGYLFHIRU SDWLHQFH7KLV+DGLWKKDVDJUHDWOHVVRQIRUWKRVHZKRFDOOSHRSOHWRWKH5LJKW3DWK2XUVFKRODUVDQG SUHDFKHUVVKRXOGIROORZWKLVH[FHOOHQWH[DPSOH $EX+XUDLUDK0D$OODKEHSOHDVHGZLWKKLP
  290. 290. UHSRUWHG7KH0HVVHQJHURI$OODK3%8+
  291. 291. VDLG $OODKWKH([DOWHGVDV ,KDYHQRUHZDUGRWKHUWKDQ-DQQDKIRUDEHOLHYLQJVODYHRI0LQHZKR UHPDLQVSDWLHQWIRU0VDNHZKHQ,WDNHDZDKLVEHORYHGRQHIURPDPRQJWKHLQKDELWDQWVRIWKH ZRUOG $O%XNKDUL@
  292. 292. RPPHQWDU KLOGZLIHDQGSDUHQWVHWFDUHWKHGHDUHVWSHRSOHWRHYHURQH,WLVDJUHDWVLJQRI )DLWKWRDFFHSWWKHLUGHDWKDVWKH:LOORI$OODKWREHDUWKHLUORVVZLWKSDWLHQFH:DLOLQJDQGVDLQJ QRQVHQVHWKLQJVVKRZZHDNQHVVRI )DLWK7KHUHZDUGRISDWLHQFHRQVXFKWUDJHGLHVLV-DQQDKZKLOHWKH UHVXOWRILPSDWLHQFHLVGLVSOHDVXUHRI$OODK C$LVKDK0D$OODKEHSOHDVHGZLWKKHU
  293. 293. UHSRUWHG,DVNHGWKH0HVVHQJHURI$OODK3%8+
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
  295. 295. VDLG,KHDUGWKH0HVVHQJHURI$OODK3%8+
  296. 296. VDLQJ $OODKWKH*ORULRXVDQG([DOWHGVDLGC:KHQ,DIIOLFWPVODYHLQKLVWZRGHDUWKLQJVLHKLVHHV
  297. 297. DQGKHHQGXUHVSDWLHQWO,VKDOOFRPSHQVDWHKLPIRUWKHPZLWK-DQQDK $O%XNKDUL@ RPPHQWDU %OLQGQHVVLVWKHJUHDWHVWGHSULYDWLRQLQWKHZRUOGDQG$OODKJUDQWVLWVUHZDUGDFFRUGLQJ WR+LV3OHDVXUH)RUWKLVUHDVRQSDWLHQFHLQWKLVFDVHLVKLJKOPHULWRULRXV,WVUHZDUGLV-DQQDK SURYLGHGWKHEOLQGLVHQRUPRXVOULFKLQ)DLWK C$WD ELQ$EX5DEDKUHSRUWHG,EQC$EEDV0D$OODKEHSOHDVHGZLWKWKHP
  298. 298. DVNHGKLPZKHWKHUKH ZRXOGOLNHWKDWKHVKRXOGVKRZKLPDZRPDQZKRLVIURPWKHSHRSOH-DQQDK:KHQKHUHSOLHGWKDWKH FHUWDLQOZRXOGKHVDLG7KLVEODFNZRPDQZKRFDPHWRWKH3URSKHW3%8+
  299. 299. DQGVDLGC,VXIIHUIURP HSLOHSVDQGGXULQJILWVPERGLVH[SRVHGVRPDNHVXSSOLFDWLRQWR$OODKIRUPH +H3%8+
  300. 300. UHSOLHG ,IRXZLVKRXHQGXUHLWSDWLHQWODQGRXEHUHZDUGHGZLWK-DQQDKRULIRXZLVK,VKDOO PDNHVXSSOLFDWLRQWR$OODKWRFXUHRX 6KHVDLG ,VKDOOHQGXUHLW 7KHQVKHDGGHGC%XWPERGLV H[SRVHGVRSUDWR$OODKWKDWLWPDQRWKDSSHQ +H3URSKHW3%8+
  301. 301. WKHQVXSSOLFDWHGIRUKHU $O%XNKDULDQG0XVOLP@ RPPHQWDU :KLOHFRQWLQXLQJPHGLFDOWUHDWPHQWRQHVKRXOGQRWLJQRUHKLVSUDHUWR$OODKEHFDXVH ERWKKDYHLPSRUWDQFHDQGXWLOLWRIWKHLURZQ C$EGXOODKELQ0DVCXG0D$OODKEHSOHDVHGZLWKKLP
  302. 302. UHSRUWHG,FDQVWLOOUHFDOODVLI,DPVHHLQJ WKH0HVVHQJHURI$OODK3%8+
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
  304. 304. UHSRUWHGWKDWWKH3URSKHW3%8+
  305. 305. VDLG 1HYHUDEHOLHYHULVVWULFNHQZLWKDGLVFRPIRUWDQLOOQHVVDQDQ[LHWDJULHIRUPHQWDOZRUURU HYHQWKHSULFNLQJRIDWKRUQEXW$OODKZLOOH[SLDWHKLVVLQVRQDFFRXQWRIKLVSDWLHQFH $O%XNKDULDQG0XVOLP@
  306. 306. RPPHQWDU 7KLV+DGLWKPHQWLRQVWKHVSHFLDO*UDFHDQG0HUFRI$OODKIRUWKH0XVOLPV,WUHODWHV KRZ$OODKWXUQVWKHKDUGVKLSVDQGWURXEOHVVXIIHUHGED0XVOLPLQWRDPHDQVRIH[SLDWLRQIRUKLVVLQV %XWWKLVLVRQOSRVVLEOHLIWKHEHOLHYHUH[HUFLVHVSDWLHQFH+RZHYHULIKHVWDUWVZDLOLQJLQVWHDGRI VKRZLQJSDWLHQFHWKHQEHVLGHVXIIHULQJKDUGVKLSVKHZRXOGEHGHSULYHGRIWKHUHZDUGZKLFKOLHVLQ EHDULQJWKHPSDWLHQWO7KXVKHVKDOOKDYHWRWDNHWKHEXUGHQRIDGGLWLRQDOVLQVDOVR ,EQ0DVCXG0D$OODKEHSOHDVHGZLWKKLP
  307. 307. UHSRUWHG,YLVLWHGWKH3URSKHW3%8+
  308. 308. ZKHQKHZDV VXIIHULQJIHYHU,VDLGRXVHHPWREHVXIIHULQJJUHDWO20HVVHQJHURI$OODK 7KH3URSKHW3%8+
  309. 309. UHSOLHG HV,VXIIHUDVPXFKDVWZRSHUVRQV ,VDLG,VWKDWEHFDXVHRXKDYHDGRXEOHUHZDUG +H UHSOLHG WKDWWKDWZDVVRDQGWKHQVDLG1R0XVOLPLVDIIOLFWHGEDKDUPEHLWWKHSULFNLQJRIDWKRUQRU VRPHWKLQJPRUHSDLQIXOWKDQWKDW
  310. 310. EXW$OODKWKHUHEFDXVHVKLVVLQVWRIDOODZDMXVWDVDWUHHVKHGVLWV OHDYHV $O%XNKDULDQG0XVOLP@ RPPHQWDU 3URSKHWVKDYHWRIDFHPRUHWKDQRUGLQDUWURXEOHVDQGIRUWKDWUHDVRQWKHLUUHZDUGWR EHDUWKHPLVDOVRLQFUHDVHG7KXVWKHH[FHVVRIKDUGVKLSVDQGJULHILVDVLJQRISHUIHFW)DLWKDQGQRWD VLJQRI$OODK VGLVSOHDVXUH $EX+XUDLUDK0D$OODKEHSOHDVHGZLWKKLP
  311. 311. UHSRUWHGWKDW7KH0HVVHQJHURI$OODK3%8+
  312. 312. VDLG +HZKRP$OODKLQWHQGVJRRG+HPDNHVKLPWRVXIIHUIURPVRPHDIIOLFWLRQ $O%XNKDUL@ RPPHQWDU 7URXEOHVRIWKLVZRUOGOLNHJULHIFDODPLWGLVHDVHSRYHUWORVVRIOLIHDQGSURSHUW HWFKDYHDEHQLJQDVSHFWIRUD0XVOLPLQWKHVHQVHWKDWRQDFFRXQWRIWKHPKHWXUQVWRZDUGV$OODKDQG EHJVPHUFDQGFRPSDVVLRQIURP+LPEHFDXVHRIZKLFKKLVVLQVDUHIRUJLYHQ7KXVLQWKHVHWURXEOHV WKHUHLVDEOHVVLQJIRUKLPLQWKH+HUHDIWHU $QDV0D$OODKEHSOHDVHGZLWKKLP
  313. 313. UHSRUWHGWKDW7KH0HVVHQJHURI$OODK3%8+
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
  315. 315. UHSRUWHG:HFRPSODLQHGWRWKH0HVVHQJHU RI$OODK3%8+
  316. 316. UHJDUGLQJWKHSHUVHFXWLRQLQIOLFWHGXSRQXVEWKHGLVEHOLHYHUVZKLOHKHZDVOLQJLQ WKHVKDGHRIWKH.DCEDKKDYLQJPDGHDSLOORZRIKLVFORDN:HVXEPLWWHG:KGRRXQRWVXSSOLFDWH IRURXUSUHYDOHQFHRYHUWKHRSSRQHQWV
  317. 317. +H3%8+
  318. 318. UHSOLHG $PRQJWKRVHSHRSOHEHIRUHRXD PDQZRXOGEHVHL]HGDQGKHOGLQDSLWGXJIRUKLPLQWKHJURXQGDQGKHZRXOGEHVDZHGLQWRWZR KDOYHVIURPKLVKHDGDQGKLVIOHVKWRUQDZDIURPKLVERQHVZLWKDQLURQFRPEEXWLQVSLWHRIWKLVKH ZRXOGQRWZHDQDZDIURPKLV)DLWK%$OODK$OODKZLOOEULQJWKLVPDWWHUWRLWVFRQVXPPDWLRQXQWLOD ULGHUZLOOWUDYHOIURP6DQCD WR+DGUDPRXWIHDULQJQRQHH[FHSW$OODKDQGH[FHSWWKHZROIIRUKLVVKHHS EXWRXDUHLQWRRPXFKRIDKXUU $O%XNKDUL@ $QRWKHUQDUUDWLRQLV+H3%8+
  319. 319. KDGSODFHGKLVFORDNXQGHUKLVKHDGDQGZHKDGEHHQWRUWXUHGEWKH SROWKHLVWV RPPHQWDU 'LIILFXOWLHVLQWKHSDWKRI )DLWKGRQRWFRPHLQDQSDUWLFXODUSHULRG3HRSOHGHYRWHGWRWKHLU'HHQ KDYHSDVVHGWKURXJKWULDOVDQGWULEXODWLRQVHYHUZKHUHDQGLQHYHUDJHDQG KDYHHPHUJHGSXULILHGDV
  320. 320. GRHVWKHJROGDIWHUSDVVLQJWKURXJKWKHIXUQDFH6RLWLVXQEHFRPLQJIRUD0XVOLPWREHGLVWXUEHGE KDUGVKLSV 7KHJODGWLGLQJVDERXWGRPLQDWLRQRIUHOLJLRQDQGSHDFHDQGVHFXULWZHUHJLYHQLQWKHHDUOSHULRG RI,VODPZKLFKZHUHVXEVHTXHQWOZLWQHVVHGEWKHSHRSOH(YHQQRZZKHUHYHU,VODPLVSUDFWLVHGLQ WUXHVHQVHSHDFHDQGVHFXULWDUHGLVWLQFWLYHIHDWXUHVRIWKHVVWHPRIWKDWFRXQWU ,EQ0DVCXG0D$OODKEHSOHDVHGZLWKKLP
  321. 321. UHSRUWHG$IWHUWKHEDWWOHRI+XQDLQ0HVVHQJHURI $OODK3%8+
  322. 322. IDYRXUHGVRPHSHRSOHLQWKHGLVWULEXWLRQRIVSRLOV IRUFRQVRODWLRQ
  323. 323. +HJDYH$O$TUDC ELQ+DELVDQGC8DLQDKELQ+LVQDKXQGUHGFDPHOVHDFKDQGVKRZHGIDYRXUDOVRWRVRPHPRUH KRQRXUDEOHSHUVRQVDPRQJWKH$UDEV6RPHRQHVDLG7KLVGLYLVLRQLVQRWEDVHGRQMXVWLFHDQGLWZDV QRWLQWHQGHGWRZLQWKH3OHDVXUHRI$OODK ,VDLGWRPVHOI%$OODK,ZLOOLQIRUP0HVVHQJHURI $OODK3%8+
  324. 324. RIWKLV ,ZHQWWRKLPDQGLQIRUPHGKLP+LVIDFHEHFDPHUHGDQGKHVDLG:KRZLOOGR MXVWLFHLI$OODKDQG+LV0HVVHQJHUGRQRW 7KHQKHVDLG 0D$OODKKDYHPHUFRQ3URSKHW
  325. 325. 0XVD 0RVHV
  326. 326. KHZDVFDXVHGPRUHGLVWUHVVWKDQWKLVEXWKHUHPDLQHGSDWLHQW +DYLQJKHDUGWKLV,VDLGWR PVHOI,VKDOOQHYHUFRQYHDQWKLQJRIWKLVNLQGWRKLPLQIXWXUH $O%XNKDULDQG0XVOLP@ RPPHQWDU 7KLV+DGLWKOHDGVWRWKHFRQFOXVLRQWKDWWKHOHDGHURIWKHSHRSOHRUWKHFDOLSKDKDVD ULJKWLIVLWXDWLRQGHPDQGVWRJLYHWRWKHQHZ0XVOLPVDQGRWKHULQIOXHQWLDODQGUHVSHFWDEOHSHRSOHRI WKHVRFLHWPRUHWKDQRWKHUVIRUWKHLUVDWLVIDFWLRQDQGHQFRXUDJHPHQW7KHPDQZKRUDLVHGREMHFWLRQRQ WKHGLVWULEXWLRQRIERRWEWKH3URSKHW3%8+
  327. 327. ZDVDKSRFULWH'HYRXW0XVOLPVFRXOGQHYHUWKLQN WKDWWKH3URSKHW3%8+
  328. 328. FRXOGEHXQMXVWWRDQRQH7KLVLQFLGHQWDOVR JRHVWRSURYHWKDWWKH3URSKHW 3%8+
  329. 329. DOVRIHOWDVPXFKDVRWKHUVGLGWKHWKLQJVZKLFKLQIXULDWHGRUSOHDVHGRWKHUVEHFDXVHKHZDVD PDQDQGQRWDVXSHUKXPDQEHLQJ $QDV0D$OODKEHSOHDVHGZLWKKLP
  330. 330. UHSRUWHGWKDW7KH0HVVHQJHURI$OODK3%8+
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
  332. 332. UHSRUWHG2QHRIWKHVRQVRI$EX7DOKDK0D$OODKEH SOHDVHGZLWKKLP
  333. 333. ZDVDLOLQJ$EX7DOKDKZHQWRXWDQGWKHERGLHGLQKLVDEVHQFH:KHQKHFDPH EDFNKHLQTXLUHG+RZLVWKHER 8PP6XODLPWKHPRWKHURIWKHERUHSOLHG%HWWHUWKDQ EHIRUH7KHQVKHSODFHGKLVHYHQLQJPHDOEHIRUHKLPDQGKHDWHLWDQGWKHUHDIWHUVOHSWZLWKKHU$W ODVWVKHVDLGWRKLP$UUDQJHIRUWKHEXULDORIWKHER,QWKHPRUQLQJ$EX7DOKDKZHQWWR 0HVVHQJHURI$OODK3%8+
  334. 334. DQGLQIRUPHGKLPRIWKHHYHQW+HHQTXLUHG 'LGRXVOHHSWRJHWKHUODVW QLJKW $EX7DOKDKUHSOLHGLQWKHDIILUPDWLYHRQZKLFKWKH3URSKHW3%8+
  335. 335. VXSSOLFDWHG 2$OODK EOHVVWKHP 7KHUHDIWHUVKHJDYHELUWKWRDER$EX7DOKDKVDLGWRPH7DNHXSWKHERDQGFDUU KLPWRWKH3URSKHW3%8+
  336. 336. DQGKHVHQWVRPHGDWHVZLWKKLP7KH3URSKHW3%8+
  337. 337. HQTXLUHG ,V WKHUHDQWKLQJZLWKKLP +HVDLGHVVRPHGDWHV7KH3URSKHW3%8+
  338. 338. WRRNDGDWHFKHZHGLWDQG SXWLWLQWKHPRXWKRIWKHEDEDQGUXEEHGWKHFKHZHGGDWHDURXQGWKHEDE VJXPDQGQDPHGKLP C$EGXOODK $O%XNKDULDQG0XVOLP@ 7KHQDUUDWLRQLQ%XNKDULDGGV,EQC8DLQDKUHODWHVWKDWDPDQIURPWKH$QVDUWROGKLPWKDWKHKDG VHHQQLQHVRQVRIWKLVC$EGXOODKHYHURQHRIZKRPKDGFRPPLWWHGWKH1REOH4XU DQWRPHPRU 7KHQDUUDWLRQRI0XVOLPVDV7KHVRQRI$EX7DOKDK0D$OODKEHSOHDVHGZLWKKLP
  339. 339. ZKRZDVERUQ RI8PP6XODLPGLHG6KH8PP6XODLP
  340. 340. VDLGWRWKHPHPEHUVRIWKHIDPLO'RQRWWHOO$EX7DOKDK DERXWKLVVRQXQWLO,PHQWLRQLWWRKLPPVHOI $EX7DOKDKFDPHKRPH
  341. 341. DQGVKHJDYHKLPVXSSHU+H DWHDQGGUDQN6KHWKHQEHDXWLILHGKHUVHOIWKHEHVWZDVKHHYHUGLGDQGKHVOHSWZLWKKHU:KHQVKH
  342. 342. VDZWKDWKHZDVVDWLVILHGDIWHUVH[XDOLQWHUFRXUVHZLWKKHUVKHVDLG2$EX7DOKDK,IVRPHSHRSOH ERUURZVRPHWKLQJIURPDQRWKHUIDPLODQGWKHQWKHPHPEHUVRIWKHIDPLO
  343. 343. DVNIRULWVUHWXUQZRXOG WKHUHIXVHWRJLYHLWEDFNWRWKHP +HVDLG1R6KHVDLG7KHQKRSHUHZDUGIRURXUVRQ$EX 7DOKDKJRWDQJUDQGVDLGRXOHIWPHXQLQIRUPHGXQWLO,VWDLQHGPVHOIZLWKVH[XDOLQWHUFRXUVH
  344. 344. DQGWKHQRXWROGPHDERXWPVRQ+HZHQWWR0HVVHQJHURI$OODK3%8+
  345. 345. DQGLQIRUPHGKLPDERXW WKHPDWWHU7KHUHXSRQ0HVVHQJHURI$OODK3%8+
  346. 346. VDLG 0D$OODKEOHVVWKHQLJKWRXVSHQW WRJHWKHU +HWKHQDUUDWRU
  347. 347. VDLG6KHFRQFHLYHG2QHGD
  348. 348. 0HVVHQJHURI$OODK3%8+
  349. 349. ZDVLQWKH FRXUVHRIDMRXUQHDQGVKHZDVDORQJZLWKKLP:KHQ0HVVHQJHURI$OODK3%8+
  350. 350. XVHGWRFRPHEDFN WR$O0DGLQDKIURPDMRXUQHKHZRXOGQRWHQWHULWGXULQJWKHQLJKW
  351. 351. :KHQWKHSHRSOHFDPHQHDU$O 0DGLQDKVKHIHOWODERXUSDLQV+H$EX7DOKDK
  352. 352. UHPDLQHGZLWKKHUDQG0HVVHQJHURI$OODK3%8+
  353. 353. SURFHHGHGRQ$EX7DOKDKVDLG25XEERXNQRZWKDW,ORYHWRJRDORQJZLWK0HVVHQJHURI$OODK 3%8+
  354. 354. ZKHQKHJRHVRXWDQGHQWHUDORQJZLWKKLPZKHQKHHQWHUVDQG,KDYHEHHQGHWDLQHGDVRX VHH 8PP6XODLPWKHQVDLG2$EX7DOKDK,GRQRWIHHOVRPXFKSDLQ
  355. 355. DV,ZDVIHHOLQJHDUOLHUVR ZHEHWWHUSURFHHGRQ6RZHSURFHHGHGRQDQGVKHIHOWWKHODERXURIGHOLYHUDVWKHUHDFKHG$O 0DGLQDK
  356. 356. 6KHJDYHELUWKWRDPDOHFKLOG0PRWKHUVDLGWRPH2$QDVQRQHVKRXOGVXFNOHKLP XQWLORXJRWR0HVVHQJHURI$OODK3%8+
  357. 357. WRPRUURZ PRUQLQJ 7KHQH[WPRUQLQJ,FDUULHGWKHEDE ZLWKPHWR0HVVHQJHURI$OODK3%8+
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
  359. 359. WKHVHUYLFHVVXFKDVGUHVVLQJRIWKHZRXQGHGZHOIDUHRIWKHSDWLHQWV VXSSORIIRRGHWF $EX+XUDLUDK0D$OODKEHSOHDVHGZLWKKLP
  360. 360. UHSRUWHG 0HVVHQJHURI$OODK3%8+
  361. 361. VDLG 7KH VWURQJPDQLVQRWRQHZKRLVJRRGDWZUHVWOLQJEXWWKHVWURQJPDQLVRQHZKRFRQWUROVKLPVHOILQDILW RIUDJH $O%XNKDULDQG0XVOLP@ RPPHQWDU 7KLV+DGLWKLQVWUXFWVRQHVHOIWRNHHSLQFRQWUROLQRUGHUWRRYHUFRPHKLVUDJH 6XODLPDQELQ6XUDG0D$OODKEHSOHDVHGZLWKKLP
  362. 362. UHSRUWHG,ZDVVLWWLQJZLWKWKH3URSKHW 3%8+
  363. 363. ZKHQWZRPHQEHJDQWRTXDUUHODQGFXUVHHDFKRWKHUDQGWKHIDFHRIRQHRIWKHPWXUQHGUHG DQGWKHYHLQVRIKLVQHFNZHUHVZROOHQIURPUDJH
  364. 364. 0HVVHQJHURI$OODK3%8+
  365. 365. VDLG ,NQRZRID ZRUGLIKHZHUHWRXWWHUWKDWKLVUDJHZRXOGYDQLVKDQGWKDWLV$CXGKXELOODKLPLQDVK6KDLWDQQLU UDMLP,VHHNUHIXJHZLWK$OODKIURP6DWDQWKHDFFXUVHG
  366. 366. 6RWKHRPSDQLRQV
  367. 367. VDLGWRKLP7KH 3URSKHW3%8+
  368. 368. WHOOVRXWRXWWHU ,VHHNUHIXJHZLWK$OODKIURP6DWDQWKHDFFXUVHG $O%XNKDULDQG0XVOLP@ RPPHQWDU ,QWKHHYHQWRIUDJHLIDSHUVRQEHFRPHVFRQVFLRXVWKDWZKDWKHLVIHHOLQJLVD VXJJHVWLRQIURP6DWDQKHVKRXOGSUHYHQWKLPVHOIIURPLWWKLVFRQVFLRXVQHVVLVWKHEHVWUHPHGWR RYHUFRPHWKHUDJH7KRVHZKRDUHHDVLOLQIXULDWHGFRXOGPDNHXVHRIWKLVSUHVFULSWLRQ 0XCDGKELQ$QDV0D$OODKEHSOHDVHGZLWKKLP
  369. 369. UHSRUWHG7KH3URSKHW3%8+
  370. 370. VDLG 7KHRQH ZKRVXSSUHVVHVDQJHUDQGKDVWKHSRZHUWRJLYHHIIHFWWRLWZLOOEHFDOOHGRXWE$OODKWKH([DOWHGWR WKHIRUHIURQWRIWKHFUHDWXUHVRQWKH'DRI 5HVXUUHFWLRQDQGKHZLOOEHDVNHGWRFKRRVHDQRIWKH
  371. 371. YLUJLQV+XU
  372. 372. RIKLVOLNLQJ $EX'DZXGDQG$W7LUPLGKL@ RPPHQWDU 7KHZRUGC+XU LVWKHSOXUDORIC+DXUD DQH[WUHPHOEHDXWLIXOZRPDQRIIDLU FRPSOH[LRQ7KHZRUG (LQ LVWKHSOXUDORI $LQDZRPDQZLWKODUJHHHV%RWKWKHZRUGVVWDQGIRU WKHPRVWEHDXWLIXOZRPHQZKRZLOOEHDZDUGHGWR0XVOLPVLQ-DQQDK7KLV+DGLWKPHQWLRQVWKH GLVWLQFWLRQDQGUHZDUGRIVHOIFRQWURORIDPDQZKRLQVSLWHRIEHLQJSRZHUIXODQGKDYLQJWKHPHDQVWR DYHQJHVXSSUHVVHVKLVUDJHDQGGRHVQRWH[HUFLVHKLVSRZHU $EX+XUDLUDK0D$OODKEHSOHDVHGZLWKKLP
  373. 373. UHSRUWHG$PDQDVNHGWKH3URSKHW3%8+
  374. 374. IRUDQ DGYLFHDQGKH3%8+
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
  376. 376. UHSRUWHG0HVVHQJHURI$OODK3%8+
  377. 377. VDLG $ 0XVOLPPDOHRUIHPDOHFRQWLQXHVWRUHPDLQXQGHUWULDOLQUHVSHFWRIKLVOLIHSURSHUWDQGRIIVSULQJ XQWLOKHIDFHV$OODKWKH([DOWHGZLWKQRVLQUHFRUG $W7LUPLGKL@ RPPHQWDU:HFRPHWRNQRZIURPWKLV+DGLWKWKDW0XVOLPVDUHVSHFLDOWDUJHWVRIWULDOVEXWD UHGHHPLQJIHDWXUHRIWKHVHWULDOVLVWKDW0XVOLPV VLQVDUHSDUGRQHGWKURXJKWKHPSURYLGHGWKHUHPDLQ ILUPLQWKHLU)DLWKDQGSDWLHQFH ,EQC$EEDV0D$OODKEHSOHDVHGZLWKWKHP
  378. 378. UHSRUWHG 8DLQDKELQ+LVQFDPHWR$O0DGLQDKDQG VWDHGZLWKKLVQHSKHZ+XUUELQ4DLVZKRZDVDPRQJWKRVHZKRP8PDU0D$OODKEHSOHDVHGZLWK KLP
  379. 379. VKRZHGIDYRXUWR7KHNQRZOHGJHDEOHSHRSOH4XUUD
  380. 380. ZKHWKHUWKHZHUHROGRURXQJKDGWKH SULYLOHJHRIMRLQLQJ8PDU VFRXQFLODQGKHXVHGWRFRQVXOWWKHP 8DLQDKVDLGWR+XUU0QHSKHZ WKH/HDGHURIWKH%HOLHYHUVVKRZVIDYRXUWRRX:LOORXREWDLQSHUPLVVLRQIRUPHWRVLWZLWKKLP +XUUDVNHGC8PDUDQGKHDFFRUGHGSHUPLVVLRQ:KHQC8DLQDKFDPHLQWRWKHSUHVHQFHRIC8PDUKH DGGUHVVHGKLPWKXV2VRQRI.KDWWDERXQHLWKHUEHVWRZPXFKRQXVQRUGHDOZLWKXVMXVWO C8PDU 0D$OODKEHSOHDVHGZLWKKLP
  381. 381. JRWDQJUDQGZDVDERXWWREHDWKLPXSZKHQ+XUUVDLGCC2/HDGHU RIWKH%HOLHYHUV$OODKVDLGWR +LV3URSKHW3%8+
  382. 382. 6KRZIRUJLYHQHVVHQMRLQZKDWLVJRRGDQGWXUQ DZDIURPWKHIRROLVKLHGRQ WSXQLVKWKHP
  383. 383. 7KLVRQHLVIURPWKHLJQRUDQWV:KHQ+XUU UHFLWHGWKLVC8PDUEHFDPHTXLWHPRWLRQOHVVLQKLVVHDW+HDOZDVDGKHUHGVWULFWOWRWKH%RRNRI $OODK $O%XNKDUL@ RPPHQWDU ,QWKLV+DGLWKWKHZRUGC4XUUD GRHVQRWVWDQGIRUWKHNLQGRIWKHC4XUUD UHFLWHUV
  384. 384. RIWKHSUHVHQWDJH ZKRDUHRQOSURIHVVLRQDOLQWKHDUWRIUHFLWLQJWKH4XU DQDQGKDYHDPHORGLRXVYRLFHEXWZKDWLW UHDOOPHDQWZDVWKHFODVVRIVFKRODUVZKRZHUHZHOOYHUVHGLQLWVPHDQLQJVDQGLPSOLFDWLRQVDQGZKR FRXOGWKRURXJKOGLVWLQJXLVKEHWZHHQWKHODZIXODQGWKHXQODZIXOIDLUDQGIRXO6XFKPHQXVHGWREH WKHFRPSDQLRQVRIWKHHDUOQREOHFDOLSKV,WOHDGVWRWKHFRQFOXVLRQWKDWUXOHUVVKRXOGFKRRVHWKHLU DGYLVRUVIURPUHOLJLRXVVFKRODUVDQGQRWIURPWKRVHZKRDUHJLYHQWRWKHZRUOGDQGZKRVHVROHDLPLQ OLIHLVWRDPDVVZHDOWKUDWKHUWKDQFDUHDERXWWKHZHOIDUHRIWKHSHRSOHDQGZKRVHDGYLFHLVEDVHGRQ VHOILVKPRWLYHVDQGYHVWHGLQWHUHVWV
  385. 385. 6LQFHVFKRODUVKLSDQGSLRXVQHVVDUHWKHIRUHPRVWTXDOLILFDWLRQVIRUFRXQVHOORUVDQGDGYLVRUVWKHUHLV QRUHVWULFWLRQRIDJHIRUWKHP 7KHUXOHUVKRXOGDOZDVEHYHUFRQVLGHUDWHDQGWROHUDQW 7KHUXOHUVKRXOGQHYHUKHVLWDWHIURPDFFHSWLQJWUXWKDQGULJKWHRXVQHVV ,EQ0DVCXG0D$OODKEHSOHDVHGZLWKKLP
  386. 386. UHSRUWHG0HVVHQJHURI$OODK3%8+
  387. 387. VDLG RXZLOO VHHDIWHUPHIDYRXULWLVPDQGWKLQJVZKLFKRXZLOOGLVDSSURYHRI 7KHVXEPLWWHG:KDWGRRX RUGHUXVWRGRXQGHUVXFKFLUFXPVWDQFHV
  388. 388. +HUHSOLHG 'LVFKDUJHRXUREOLJDWLRQVDQGDVNRXU ULJKWVIURP$OODK $O%XNKDULDQG0XVOLP@ RPPHQWDU 7KLV+DGLWKWHOOVWKDWLIRXKDYHUXOHUVZKRGHQRXUULJKWVDQGJLYHWKHPVHOYHVDQG WKHLUUHODWLYHVSUHIHUHQFHRYHURXWKHQSDWLHQFHLVDEHWWHUUHFRXUVH5DWKHUWKDQUHYROWLQJDJDLQVW WKHPRXVKRXOGVHHNSDUGRQDQGIRUJLYHQHVVIURP$OODKDQGSUDIRU+LV3URWHFWLRQDJDLQVWWKH PLVFKLHIDQGWUDQQRIWKHUXOHUVSURYLGHGWKHGRQRWVKRZRXWULJKWGLVEHOLHI 8VDLGELQ+XGKDLU0D$OODKEHSOHDVHGZLWKKLP
  389. 389. UHSRUWHGWKDW$SHUVRQIURPDPRQJWKH$QVDU VDLG20HVVHQJHURI$OODKRXDSSRLQWHGVXFKDQGVXFKSHUVRQDQGZKGRRXQRWDSSRLQWPH 0HVVHQJHURI$OODK3%8+

×