One Silent Night

35$,6( )256+(55,/...

Author: Kenyon Sherrilyn

24 downloads 226 Views 973KB Size Report

This content was uploaded by our users and we assume good faith they have the permission to share this book. If you own the copyright to this book and it is wrongfully on our website, we offer a simple DMCA procedure to remove your content from our site. Start by pressing the button below!

Report copyright / DMCA form

DOWNLOAD PDF

DOWNLOAD .DOCX DOWNLOAD .PPTX

35$,6( )256+(55,/<1.(1<21$1' +(5129(/6 '(9,/0$<&5< $QHQJDJLQJUHDG ²(QWHUWDLQPHQW:HHNO\ '$5.6,'(2)7+(0221 .HQ\RQ VZULWLQJLVEULVNLURQLFVH[\DQGUHOHQWOHVVO\LPDJLQDWLYH7KHVHDUHQRW\RXUPRWKHU V YDPSLUHQRYHOV ²7KH%RVWRQ*OREH .HQ\RQGHOLYHUVWKHJRRGVUHDGHUVKDYHFRPHWRH[SHFWDQGPRUH ²%RRNOLVW 6(,=(7+(1,*+7 >.HQ\RQ@VXFFHHGVLQRIIHULQJDOLYHO\UHDGFRQWDLQLQJKHUVLJQDWXUHEOHQGRIEULVNDFWLRQ VHQVXDOWKULOOVDQGOLJKWKXPRU ²3XEOLVKHUV:HHNO\ '$1&(:,7+7+('(9,/ .HQ\RQ V'DUN+XQWHUERRNVDUHFKDQJLQJWKHIDFHRIWKHYDPSLUHQRYHOPDNLQJLWKLSGDUNHU DQGDOOWKHPRUHDSSHDOLQJ ²3XEOLVKHUV:HHNO\ $VHQVXDOIDVWSDFHGUHDGZLWKDKHURZKRLVGHILQLWHO\ZRUWKWKHULVN ²%RRNOLVW 1,*+7(0%5$&(

:LWKKHUVWHDP\DFWLRQSDFNHG'DUN+XQWHUQRYHOV.HQ\RQLVXVKHULQJLQDZKROHQHZFODVVRI QLJKWGZHOOHUVDQDEXQGDQFHRIKRWVH[DQGVQDSS\GLDORJXHNHHSWKHSORWERWKDFFHVVLEOHDQG DSSHDOLQJ:LWKLWVFRXUDJHRXVXQFRQYHQWLRQDOFKDUDFWHUVDQGZU\KXPRUWKLVIDVWPRYLQJ IDQWDV\ZLOOILOOWKHYRLGOHIWE\WKHHQGRIWKH%XII\WKH9DPSLUH6OD\HUVHULHV ²3XEOLVKHUV:HHNO\ $OVRE\6KHUULO\Q.HQ\RQ /,67(',17+(&255(&75($',1*25'(5 )DQWDV\/RYHU 1LJKW3OHDVXUHV 1LJKW(PEUDFH 'DQFHZLWKWKH'HYLO .LVVRIWKH1LJKW 1LJKW3OD\ 6HL]HWKH1LJKW 6LQVRIWKH1LJKW 8QOHDVKWKH1LJKW 'DUN6LGHRIWKH0RRQ 7KH'UHDP+XQWHU 'HYLO0D\&U\ 8SRQWKH0LGQLJKW&OHDU 'UHDP&KDVHU $FKHURQ $17+2/2*,(6 0LGQLJKW3OHDVXUHV 6WURNHRI0LGQLJKW 0\%LJ)DW6XSHUQDWXUDO:HGGLQJ /RYHDW)LUVW%LWH 7KH'DUN+XQWHU&RPSDQLRQ

21(6,/(17 1,*+7 6KHUULO\Q.HQ\RQ ,PDJH

7KLVLVDZRUNRIILFWLRQ$OORIWKHFKDUDFWHUVRUJDQL]DWLRQVDQGHYHQWVSRUWUD\HGLQWKLVQRYHO DUHHLWKHUSURGXFWVRIWKHDXWKRU VLPDJLQDWLRQRUDUHXVHGILFWLWLRXVO\ 21(6,/(171,*+7 &RS\ULJKWE\6KHUULO\Q.HQ\RQ &RYHUSKRWRJUDSK+HUPDQ(VWHYH] $OOULJKWVUHVHUYHG )RULQIRUPDWLRQDGGUHVV6W0DUWLQ V3UHVV)LIWK$YHQXH1HZ

352/2*8( ,17+(%(*,11,1*7+(:25/':$60$'(2)EHDXW\DQGRIPDJLFN%HIRUHWKHUH

ZHUHKXPDQVWKHUHZHUHJRGVDQGWKRVHZKRVHUYHGWKHPDQGGLGWKHLUELGGLQJ ZKDWHYHUWKHLUELGGLQJZDV$WZDUZLWKHDFKRWKHUWKHJRGVIRXJKWDPRQJ WKHPVHOYHVXQWLODQHZEUHHGZDVERUQRXWRIWKHLUVHQVHOHVVYLROHQFH&KWKRQLDQV E\QDPHWKHVHQHZFUHDWXUHVFDPHIURPWKHHDUWKWKDWIORZHGUHGZLWKWKHEORRG RIWKHJRGV 7KH&KWKRQLDQVURVHXSDQGGLYLGHGWKHZRUOGEHWZHHQWKHJRGV²WKH\VSOLWWKH ZRUOGDPRQJWKHPVHOYHV 7RPDLQWDLQWKHSHDFHWKHVROGLHUVRIWKHJRGVZHUHRUGHUHGWREHSXWGRZQ 1RQHZHUHWRVXUYLYH&KWKRQLDQODZWRRNSUHFHGHQFHDQGWRJHWKHUWKH\ZHUH DEOHWREULQJSHDFHWRWKHZRUOGRQFHPRUHDQGWRSURWHFWWKHQHZOLIHIRUPRI PDQNLQG %XWWKH&KWKRQLDQVZHUHQRWZLWKRXWFRUUXSWLRQ1RUZHUHWKH\LQIDOOLEOH ,WZDVQ WORQJEHIRUHWKH\ELFNHUHGWRR $QGVRWLPHPRYHGIRUZDUG0DQNLQGPDWXUHGDQGOHDUQHGWRGLVPLVVWKHJRGV DQGWKHPDJLFNWKDWH[LVWHGLQWKHLUZRUOG8QDEOHWRILJKWRQWKHLURZQPDQNLQG FKRVHWRLJQRUHLW 3RSS\FRFN+RNXP)DQWDV\)DLU\WDOHV7KRVHZHUHVRPHRIWKHPDQ\ ZRUGVPDQXVHGWRGHQLJUDWHWKDWZKLFKFRXOGQ WEHH[SODLQHGE\WKHLUVRFDOOHG VFLHQFH(PSLULFLVPEHFDPHLWVRZQUHOLJLRQ 7KHUHZHUHQRVKDGRZVVWDONLQJLQQRFHQWYLFWLPV,WZDVQRWKLQJPRUHWKDQD KXPDQPLQGSOD\LQJWULFNV$QRYHUDFWLYHLPDJLQDWLRQ

:ROYHVFDQ WWXUQLQWRKXPDQVDQGKXPDQVFDQ WWXUQLQWREHDUV$OOWKHDQFLHQW JRGVDUHGHDG²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

&+$37(5 675<.(53$86('$6+(/22.('$5281'7$5WDUXV+LVIDWKHUWKH*UHHNJRG

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

7KHQH[WVWDWXHZDVWKHVSLULW0DFKH%DWWOH7KHULJKWKDQGRI:DU,WZDVWKH SOXUDORIKLVQDPHWKDWKDGEHHQJLYHQWRDOOWKHVSLULWVRIFRQIOLFW+HZDVWKHLU EDFNERQH %XWFRPSDUHGWR:DUKHZDVZHDN /LNH.HUKHZDVRQO\DE\SURGXFWRIWKHRQHGHVWUXFWLYHIRUFHWKDW6WU\NHU VRXJKW $VORZVPLOHFXUOHGKLVOLSVDVKHVWHSSHGSDVWWKHWZROHVVHUEHLQJVWRDSSURDFK WKHRQHKHQHHGHGWRDZDNHQ1RORQJHUDJLDQWWRKLP:DUZDVDFWXDOO\VHYHUDO LQFKHVVKRUWHU²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
7LWDQVWRWKHEORRGRIWKH7LWDQV,6WU\NHULXVUHWXUQ\RXWRIRUPLQH[FKDQJHIRU RQHDFWDJDLQVWP\HQHPLHV +HWLOWHGWKHYLDOVRWKDWWKHSXUSOHEORRGRQO\PDUNHGKLVILQJHUWLS7KHIHUDO SRZHURILWEXUQHGKLVIOHVK
FRQWDLQHGDSDLURIEODFNMHDQVDEODFNVKLUWDQGERRWV
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

7KDWZDVDOODERXWWRFKDQJH /HDQLQJEDFNLQKLVFKDLU6WU\NHUZDLWHG 222$.5,&$17+(6,0,($77+$7"

$VK3DUWKHQRSDHXVSDXVHGDVKHKHDUGWKHYRLFHRIKLVGHPRQEHKLQGKLP 7XUQLQJDURXQGKHVDZ6LPLH\HLQJWKHJODVVDQJHOLQKLVKDQG 'UHVVHGLQDEODFNDQGUHGSODLG*RWKVNLUWDQGFRUVHWWRS6LPLKDGD6DQWDKDW RQKHUKHDGWKDWFRYHUHGKHUVPDOOGHPRQ VKRUQV/LNH$VKKHUKDLUZDVVROLG EODFNLQFRORUDQGIHOODOOWKHZD\WRKHUZDLVW %HIRUHKHFRXOGDQVZHU6RWHULDJDYH6LPLDVZHHWWROHUDQWVPLOHWKDWPHOWHGKLP +HUEURZQKDLUZDVSXOOHGIRUZDUGLQWRWZRSLJWDLOVDQGLQWRWDOFRQWUDGLFWLRQWR $VK VGDUN*RWKVW\OHVKHZDVGUHVVHGLQDSDLURIZLQWHUZKLWHSDQWVDQGDUHG VZHDWHUZLWKZKLWHUHLQGHHURQLW$VK VORQJVOHHYHG7VKLUWZDVEODFNZLWK UHLQGHHUVNHOHWRQVSXOOLQJDWZLVWHGVOHLJK 8PSOHDVH6LPL6RWHULDVDLGGRQ WHDWWKDW7KDW VEHHQP\DQJHORQWKHWUHH VLQFH,ZDVDOLWWOHJLUO,SLFNHGLWRXWDWD&KULVWPDVVWRUHLQ*UHHFHZLWKP\ SDUHQWV 6LPLSRXWHG7KHQFDQ,HDWWKHFKRFRODWH" $EVROXWHO\ 6LPLVTXHDOHGEHIRUHVKHJUDEEHGWKH+HUVKH\ VFKRFRODWHEDU6RWHULDKDGOHIWRQ WKHFRIIHHWDEOHQHDUWKHPDQGUDQRIIWRVDYRULW 6RWHULDODXJKHG'DQJ,ZDVJRLQJWRVKDUHWKDWZLWK\RXODWHU $VKSXWWKHDQJHORQWRSRIWKHWUHHZKLFKJLYHQWKHIDFWWKDWKHZDVVL[IRRWHLJKW LQKHLJKWZDVDQHDV\UHDFKIRUKLP,W VRND\,GHVSLVHWKHWDVWHRIFKRFRODWH 6RWHULDSXOOHGVLOYHUWLQVHOIURPWKHEHDURUQDPHQWLQKHUKDQG,ZRXOGDVNIRU DQH[SODQDWLRQEXWHYHU\WLPH,DVNZK\\RXKDYHDQDYHUVLRQWRVRPHWKLQJWKH

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

KDGZUDSSHGLWVHOIDURXQGKLPOLNHDVWHHOEDQGSDUDO\]LQJKLP3DLQULSSHG WKURXJKKLVERG\ZLWKSRWHQWWDORQV1RRQHKDGEHHQDEOHWRNLFNKLVDVVWKLV EDGO\VLQFHKH GEHHQKXPDQ 1RVRRQHUKDGWKDWWKRXJKWJRQHWKURXJKKLVKHDGWKDQKHKDGFU\VWDOFODULW\RI ZKRDQGZKDWZDVDWWDFNLQJKLP :DU7KHXOWLPDWHZDUULRU 6KLW

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

&+$37(5 675<.(560,/('$6+(:$7&+('$&+(521WXUQEOXHDQGIRURQFHLWZDVQ WKLV

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

$SROO\PLZDQWHGWRVKULHNDWKLVSDWURQL]LQJWRQH6KHZDQWHGWREODVWWKH EORRGVXFNLQJ'DLPRQORUGEHIRUHKHULQWRREOLYLRQ,IRQO\VKHFRXOG%XWIRUDQ DFWRIZHDNQHVVRQKHUSDUWFHQWXULHVDJRVKHZRXOGIUHHKHUVHOIRIKLPRQFHDQG IRUDOO+RZHYHUKH GEHHQIDWDOO\ZRXQGHGE\KLVIDWKHUDQGWRVWULNHEDFNDW $SROORVKH GVKDUHGKHUEORRGZLWK6WU\NHULXVDQGIRUWLILHGKLP:KLOHWKDWDFW KDGVDYHGKLVOLIHLWKDGDOVRWLHGWKHLUOLIHIRUFHVWRJHWKHU ,IKHGLHGVKHGLHG,WZDVZK\KHUVRQZRXOGQHYHUUHDOO\KDUP6WU\NHULXVQR PDWWHUKRZDQJU\WKH'DLPRQPDGHKLP ,WZDVZK\VKHFRXOGQ WNLOO6WU\NHUKHUVHOI ,URQLFUHDOO\VKHZDVDJRGGHVVNQRZQIRUODFNLQJFRPSDVVLRQDQGWKHKDQGIXO RIWLPHVVKH GDFWXDOO\VKRZQVRPHKDGFRPHEDFNWRELWHKHUKDUVKO\ 7KHUHZDVQRWKLQJWREHGRQHIRULWQRZ+HUUHDOVRQZDVXQGHUDWWDFNDQGKHU DGRSWLYHRQH6WU\NHUZDVPRVWOLNHO\WREODPHIRULW :KDWKDYH\RXGRQH"VKHGHPDQGHG 6WU\NHUOHDQHGEDFNLQKLVFKDLUDQGIROGHGKLVKDQGVEHKLQGKLVKHDGDVKHH\HG KHUFDXWLRXVO\0XOOLQJPRVWO\FRXSOHGZLWKDVKRWRUWZRRIUHPLQLVFLQJDQGD GURSRIUHJUHWWLQJDIHZSDVWGHFLVLRQV6RPHPLJKWHYHQFDOOLWPRSLQJEXW, G NLOODQ\RQHVRVWXSLGDVWRVXJJHVWWKDWRIPH+HZDVPRUHDSORWWLQJNLQGRI 'DLPRQ +HUKDLUURVHHYHQKLJKHUDURXQGKHUOLNHULEERQVWZLVWLQJLQDVWURQJZLQG OHWWLQJKLPNQRZVKHGLGQ WDSSUHFLDWHKLVVDUFDVP$SRVWRORVLVXQGHUDWWDFN 'LG\RXSURYRNHLW" +HGLGQ WNQRZZK\LWEXJJHGWKHVKLWRXWRIKLPIRUKHUWRFDOOKHUVRQ$SRVWRORV ZKHQWKHUHVWRIWKHZRUOGNQHZKLPDV$FKHURQEXWLWGLG $QGKRQHVWO\KHKDGQ WSURYRNHGGLFN+H GGLUHFWO\FDXVHGLW%LJGLIIHUHQFH

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

,W VGD\WLPHDQGXQWLOWKHVXQVHWVKH VEH\RQGRXUUHDFK
$UWHPLVORRNHGXSDW$UHV DQJU\GHFODUDWLRQDVKHDSSHDUHGLQWKHFHQWHURIWKH +DOORIWKH*RGVZKHUHVKHDQGWKHUHVWRIWKH*UHHNSDQWKHRQZHUHKDYLQJD VPDOOIHDVW +HUIDWKHU=HXVFXUVHGDVKHURVHRIIKLVWKURQH:KDWKDYH\RXGRQH" 7DOODQGEORQGZLWKPXVFOHVKRQHGE\KLVGDLO\WUDLQLQJ$UHVKHOGKLVKDQGVXS LQVXUUHQGHU,GLGQRWKLQJ,WZDV$SROOR VVRQ6WU\NHULXVZKRUHOHDVHGKLP $UWHPLVIHOWWKHFRORUIDGHIURPKHUIDFHDWWKHPHQWLRQRIKHUQHSKHZ,I6WU\NHU ZDVLQYROYHGWKHUHZDVRQO\RQHWDUJHWKH GKDYH $FKHURQ

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
WRVXPPRQWKHPWR.DORVLV$SROO\PLWKRXJKWKHGLGLWLQDFFRUGDQFHZLWKKHU RUGHUVWRSURWHFW$FKHURQ7KHWUXWKZDV6WU\NHULQWHQGHGWRXVHWKHPDVSDZQV

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²OLNHIHHGLQJLQDVDQGVWRUP1RWHQRXJK EORRGLQWKHZRUOGWRFOHDUWKHSDODWHDIWHUWKDW 6WU\NHUVKUXJJHG,W VZKDW\RXJHWIRUEHLQJJUHHG\
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

&+$37(5 027+(5675<.(55(3($7('81'(5+,6EUHDWKDQLQVWDQWEHIRUH.HVVDU

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
(ZKHUGDXJKWHUJURDQHGDVVKHJDYHWKHPPRUHURRPWRILJKW1RRIIHQVH 0XP,GRQ WZDQWWRNQRZZKR\RX YHVOHSWZLWK.LOOWKHVH[XDOEDQWHULQJDQG KLPEHIRUH,JRGHDIIURPLW =HSK\UD VH\HVGDUNHQHGDVRQHVLGHRIKHUPRXWKTXLUNHGXSLQWRDQHYLOVPLOH
8ULDQ+LVPRVWWUHDVXUHGFKLOG7KHRQHVRQZKR GPHDQWHYHU\WKLQJWRKLP DQGLQWKDWPRPHQWKHNQHZWKDW=HSK\UDZDVQ WO\LQJ 0HGHDZDVKLV 7KDWRQHUHDOLW\VODPPHGLQWRKLPDQGDOPRVWGURYHKLPWRKLVNQHHV+HKDGD GDXJKWHUDQGVKHZDVDOLYH 0HGHDVZDOORZHGDVVKHVWXGLHGKLP$UH\RX6WU\NHULXV"7KHVRQRI$SROOR" 6WU\NHUQRGGHG 6KHVWDUWHGIRUKLPRQO\WRKDYHKHUPRWKHUJUDEKHUDUPDQGSXOOKHUWRDVWRS 'RQ W\RXGDUHHPEUDFHKLP1RWDIWHUKHOHIWXVIRUGHDG ,QHYHUKHVQDUOHG
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
=(3+<5$'5(:7+('$**(52872)+(5%227DVVKHNQHOWRQWKHJURXQGEHVLGH

6WU\NHULQWHQGLQJWRNLOOKLP%XWDVVKHSOXQJHGWKHNQLIHGRZQ0HGHDFDXJKW KHUZULVW :KDWDUH\RXGRLQJ" 0HGHD VGHWHUPLQHGJD]HORFNHGZLWKKHUV+H VP\IDWKHU&RXOG,DWOHDVWVSHDN WRKLPEHIRUH\RXNLOOKLP" =HSK\UDVQRUWHG
FRXOGQ WUHPHPEHUZKDWKDGKDSSHQHGWRFDXVHLW%XWDVKHRSHQHGKLVH\HVWR ILQGKLPVHOIFKDLQHGWRDZDOOKHKDGFRPSOHWHFODULW\

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
, P² 6WU\NHULXVEXW\RXJRE\ 6WU\NHU
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
VKRXOGDOZD\VJLYH\RXURSSRQHQWDILJKWLQJFKDQFH/HWWKHEHVWILJKWHUZLQDQG LILW VQRW\RXWKHQGLHZLWKGLJQLW\ 6KHDUFKHGDEURZDWKLPEHIRUHVKHWXUQHGWRZDUGWKHRWKHUSULVRQHU-DUHG",V KHO\LQJWRPH"6KHKHOGKHUKDQGXSDQGWKHOHDWKHUPX]]OHYDQLVKHG 1RKHVDLGKLVYRLFHVWUDLQHGDQGZHDN+HOLYHVE\DYHU\VFUHZHGXSPRUDO FRGH 7KHFUHDWXUHDQGKLVSRZHUVLQWULJXHG6WU\NHU:KDWLVKH"
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

, PDOHDGHUFKLOG,IROORZQRRQH7LJKWHQLQJKLVKROGKHIODVKHGKHURXWRI WKHEXLOGLQJDQGEDFNWR.DORVLV

&+$37(5 0('($6+5,(.(',1$1*(5$66+(75,('72IODVKKHUVHOIRXWRI.DORVLV

6WU\NHUWVNHGDWKHU, YHFORVHGWKHFKDQQHO
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
$QG\RXUOLWWOHGRJWRRKHDGGHGVQLGHO\ 'DY\QZLVHO\LJQRUHGWKHLUFRPPHQWV
+HPDUULHGRQHRIRXUHQHPLHVEHKLQGKLVEDFN 6KHVWXPEOHGDWKLVORZZRUGVXQDEOHWREHOLHYHVRVOLJKWDQRIIHQVHZRXOGEH ZRUWKWDNLQJDOLIHRYHUQHYHUPLQGWKDWRIRQH VRZQFKLOG7KDWZDVLW" 'DY\QSDXVHGWRRSHQDGRRU7KDWZDVLW 8QDEOHWREHOLHYHWKHPDQ VFUXHOW\0HGHDKHVLWDWHGDVVKHVHQVHGVRPHWKLQJ DERXWKHUHVFRUW
VIRUD7KDWZRPDQPRYHGOLNHOLTXLGVLOYHU+RW)OXLG*UDFHIXO,WPDGHHYHU\ KRUPRQHLQKLVERG\ILUHLQWRRYHUGULYHDVKHUHPHPEHUHGKRZVKH GIHOWLQKLV DUPV+RZLWIHOWWRPDNHORYHWRVXFKDKHOOEUDQG+HUVFHQWDQGWRXFKZHUH VHDUHGLQWRKLVPHPRULHV +H GDOZD\VORYHGLWZKHQVKHZDVDQJU\2QHWLPHQRWORQJDIWHUWKH\ GPDUULHG KH GSLVVHGKHURIIE\IOLUWLQJZLWKDQRWKHUZRPDQ:KHQWKH\ GUHWXUQHGKRPH

VKH GJUDEEHGKLPDQGVKRYHGKLPWRWKHIORRUWKHQPDGHORYHWRKLPXQWLOKH G DOOEXWJRQHEOLQGIURPWKHSOHDVXUHRILW+H GKDGUXJEXUQVRQKLVNQHHVIRUD VROLGZHHNDIWHUZDUG
=HSK\UD VJULSWLJKWHQHGRQWKHGDJJHUDVVKHIUR]HEHIRUHKLP
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
,I\RXUHDOO\WKLQNWKDW\RX UHHYHQGXPEHUWKDQ,WKRXJKW1RZJLYHPH 0HGHD +HVKRRNKLVKHDG0\GDXJKWHUVWD\VZLWKPH *URZOLQJ=HSK\UDZHQWIRUKLVWKURDW 6WU\NHUFDXJKWKHUDQGKHOGKHUEDFN6WLOOVRXQUHDVRQDEOH%XWZRUVHVKHZDV GHOHFWDEOHDQGKHZDQWHGKHUZLWKDPDGQHVVWKDWZDVDOOFRQVXPLQJ+HOHDQHG FORVHHQRXJKWRKHUKDLUWKDWKHFRXOGLQKDOHWKHGHOLFDWHVFHQWRIYDOHULDQPL[HG ZLWKODYHQGHU7KDWVPHOOVODPPHGLQWRKLP*RGVKRZKHZDQWHGKHU, OOWHOO \RXZKDW
6WU\NHUPDQLIHVWHGWZRDQFLHQW*UHHNVZRUGVDQGKDQGHGRQHWRKHU +HUH\HVJORZLQJZLWKDQJHUVKHWRRNLWIURPKLVKDQGDQGUHDGLHGKHUVHOI 6WU\NHUVDOXWHGKHUZLWKKLV 6KHFKDUJHGVOLFLQJDWKLVWKURDW+HFDXJKWWKHEODGHZLWKKLVDQGIRUFHGKHU EDFN7ZLUOLQJKHFKDQJHGKDQGVWRFDWFKKHURQDQXSVZLQJWKDWDOPRVW VXFFHHGHGLQGLVDUPLQJKHU%XWVKHZDVTXLFNDQGVWURQJ$QGOLNHKLPVKH FKDQJHGKDQGVDQGGURYHKLPEDFNZLWKWKHIHURFLW\RIKHUDWWDFN
+HZRXOGQHYHUOD\KDQGWRWKHPRWKHURIKLVFKLOG1HYHUOD\KDQGWRWKHZRPDQ KH GRQFHORYHGPRUHWKDQKLVRZQOLIH 7KDWKHVLWDWLRQFRVWKLPDVVKHMHUNHGWKHVZRUGIUHHDQGODLGRSHQWKHVNLQRQ KLVVKRXOGHU+LVVLQJLQSDLQKHVWDJJHUHGEDFN/LNHDWUXHZDUULRUVKHSUHVVHG KHUDGYDQWDJHVODPPLQJKHUVZRUGDJDLQVWKLVRYHUDQGRYHUDJDLQ 7KHIHURFLW\RIKHUDWWDFNGLGPRUHWKDQMXVWGDPDJHKLVLQMXUHGDUP,WFXWKLP GHHSLQKLVKHDUW
+HOHWRXWDORQJEUHDWK,KDYHP\ZRUNFXWRXWIRUPHZKHUH\RX UHFRQFHUQHG GRQ W," 1RWUHDOO\+DWH\RXWRGD\:LOOKDWH\RXWRPRUURZ:KDWVD\ZHGRQ WZDVWH DQ\WLPH"*LYHPHWKHVZRUGDQGOHWPHKDYH\RXUWKURDWQRZ
$QGKHZRXOGQHYHUWDNHDZD\IURPKHUZKDWWKH\ GKDGEHWZHHQWKHP%XWVKH ZDVQHYHU\RX3K\UD1RWLQIDFHIRUPRUSDVVLRQ
0HGHD VH\HVKDGEHHQJUHHQOLNHKHUVDQGZKLOHWKH\ GEHHQPRUWDOVKH GEHHQ JUDWHIXOWRWKHJRGVIRUWKDWVPDOOPHUF\8QWLOWKHQLJKW$SROORKDGFXUVHGHYHU\ PHPEHURIKHUUDFHEHFDXVHDJURXSRI$WODQWHDQVROGLHUVKDGVODXJKWHUHGKLV *UHHNPLVWUHVVDQGEDVWDUGVRQ ,WKDGEHHQRQ0HGHD VVL[WKELUWKGD\DQGWKHUHZKLOHWKH\FHOHEUDWHG=HSK\UD KDGZDWFKHGKHUGDXJKWHU VH\HVWXUQEODFN8QDZDUHDWWKDWWLPHRIZKDWKDG FDXVHGWKHFXUVH=HSK\UDKDGKHOGKHUGDXJKWHUDVVKHKDGYRPLWHGIRRGDQG VWDUWHGFUDYLQJEORRG 2QFH=HSK\UDXQGHUVWRRGZKDWKDGEHHQGRQHWRWKHP²ZKDWWKH\ GEHHQFXUVHG WR²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

EHDWKLPGRZQDQGULSSHGKLVKHDUWRXWRIKLVFKHVWWKHQWKH\FDSWXUHGKHUDQG WRUWXUHGKHUIRUGD\V7KH\WRUHKHUVRQRXWRIKHUDUPVDQGNLOOHGKLPEHIRUHKHU H\HV,QGLJQDQWUDJHEXUQHGGHHSLQVLGHKHU+HZDVRQO\ILYH\HDUVROG$QG WKH\ZRXOGKDYHNLOOHGKHUWRRKDG,QRWIRXQGKHULQWLPH,W VZKDWPDGHKHU WKHZDUULRUVKHLV6KHKDWHVDOOKXPDQVIRUWKHLUFUXHOW\MXVWDV,GR7KH\DUHDOO DQLPDOVILWIRUQRWKLQJEXWVODXJKWHUDQG,HQMR\ZKROHKHDUWHGO\SOD\LQJWKH EXWFKHU 6WU\NHUXQGHUVWRRGWKRVHVHQWLPHQWV+H GVHHQWKHLUFUXHOW\ILUVWKDQGDJDLQVW KLVSHRSOHDQGKLVFKLOGUHQ,WZDVZK\KHKDGQRV\PSDWK\IRUPDQNLQG:K\KH KDGQRPHUF\RQWKHP:K\VKRXOGWKH\OLYHLQSHDFHZKLOHKLVRZQSHRSOHKDG QRIXWXUH" %XWKHUZRUGVFRQIXVHGKLPDVKHORRNHGDURXQGWKHVWRQHWHPSOHZKHUHWKH ZDOOVZHUHGHFRUDWHGZLWKSHDFHIXOVFHQHVRIZRPHQGDQFLQJZLWKGHHU7KLVZDV ZKHUH$UWHPLV VKXPDQZRUVKLSHUVVWLOOSDLGWULEXWHWRKHU
6KHFXUOHGKHUOLSLQUHSXJQDQFH
(YHQLQWKH\HDUZKHQWKH\ GEHHQPDUULHGLQDQFLHQW*UHHFHKH GQHYHUKDUPHG KHU1HYHUOLIWHGDILQJHUDJDLQVWKHUZKLOHKHZDVPHUFLOHVVWRRWKHUV,WZDVZKDW VKH GORYHGPRVWDERXWKLP +H GPDGHKHUIHHOVDIH3URWHFWHG,IDQ\RQHKDGVRPXFKDVJODQFHGDVNDQFHDW KHU6WU\NHUJXWWHGWKHP 6KHPLVVHGWKDWVWXSLGOLWWOHER\ZKRVHH\HVKDGJORZHGZLWKORYHHYHU\WLPHKH ORRNHGDWKHU 7KHPDQEHIRUHKHUZDVIRUPLGDEOH7KLVZDVQ WDFDOORZ\RXWKWU\LQJWRSOHDVH KHU+HZDVDQDFFRPSOLVKHGZDUULRUZLWKHOHYHQWKRXVDQG\HDUVRIVXUYLYDO WUDLQLQJEHKLQGKLP2IFRPPDQGLQJDQDUP\RIWKHGDPQHGWKDWZDJHGZDU DJDLQVWPDQNLQGDQGWKHLPPRUWDO'DUN+XQWHUVZKRSURWHFWHGWKHP 7KRXJKVKH GZDQWHGWRNLOO6WU\NHUPDQ\WLPHVRYHUWKHFHQWXULHVVKH GQHYHU EHHQDEOHWRJHWWRKLPXQWLOQRZ$OOWKHVH\HDUVKH GEHHQKROHGXSLQ.DORVLV DQGWKHRQO\ZD\LQZDVDQLQYLWDWLRQIURPHLWKHU6WU\NHURU$SROO\PL 6RORQJDVVKHVHUYHG$UWHPLV$SROO\PLZRXOGKDYHQRWKLQJWRGRZLWKKHU$QG DVNLQJKLPIRULWZRXOGKDYHUXLQHGKHUVXUSULVHDWWDFN +RZHYHUKLVUHSXWDWLRQDPRQJWKHLUSHRSOHZDVOHJHQGDU\7KH$SROOLWHV ZRUVKLSHGKLPDQGKLVEDQGRIHOLWH6SDWKLZDUULRUV(YHQVKHUHVSHFWHGKLPIRU KLVEDWWOHV %XWLWGLGQ WFKDQJHZKDWKH GGRQHWRKHUDQG0HGHD7RWKLVGD\=HSK\UDFRXOG VHHKLPWXUQLQJDURXQGDQGVOLQNLQJRXWRIWKHLUFRWWDJHWREHZLWKWKHZRPDQKLV IDWKHUKDGZDQWHGKLPWRPDUU\+RZHYHUVKH GJLYHQKLPKHUZRUGWRVWD\KHU ILJKWDQGEHGDPQHGLIVKH GEUHDNLW6KHZDVEHWWHUWKDQWKDW ,KDWH\RXUKDLUEODFNVKHVQDUOHGEHIRUHVKHWRRNKLVKDQG

6WU\NHUODXJKHGDWKHUFDSLWXODWLRQDQGEDUE6KHZDVQ WJLYLQJLQDQGVKHGLGQ W KHVLWDWHWROHWKLPNQRZLW&ORVLQJKLVKDQGDURXQGKHUVKHWRRNKHULQWR.DORVLV ZKHUHKHUXOHG $VVRRQDVWKH\ZHUHVDIHO\LQWKHKHOOUHDOPVKHVQDWFKHGKHUKDQGDZD\DVVKH WXUQHGDURXQGWKHGDUNURRPZKHUHKHKHOGFRXUWRYHUDOOWKH'DLPRQVZKR FDOOHGWKLVSODFHKRPH5DWKHUJOXPLVQ WLW" ,WZRUNVIRUPH 6KHGLGQ WFRPPHQWDVVKHUHWXUQHGWRIDFHKLP:KHUH V0HGHD" ,QP\FKDPEHUV&RPHDQG, OOWDNH\RXWRKHU :$53$86('$6+(0$7(5,$/,=(',17+(%$&.KDOOZD\RIDPDQVLRQWKDW

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

675<.(5+$'21/<7$.(17:267(3672:$5'KLVURRPZLWK=HSK\UDWRUHOHDVH

0HGHDZKHQDEULJKWOLJKWLOOXPLQDWHGWKHKDOOZD\1RRQHVKRXOGEHDEOHWR EUHDFKWKHVDQFWLW\RIWKLVKDOOZLWKRXWKLVLQYLWDWLRQ )URZQLQJKHWXUQHGWRILQG:DUZKRORRNHGH[WUHPHO\SLVVHGDVWKHVSLULW DSSHDUHGEHIRUHWKHP ,VVRPHWKLQJZURQJ"KHDVNHG:DU ,VVRPHWKLQJZURQJ"KHUHSHDWHG6XUHO\\RX UHQRWWKDWVWXSLGDUH\RX" $SSDUHQWO\,DPEHFDXVHXQOHVV$FKHURQDQG1LFNDUHGHDG,FDQWKLQNRIQR UHDVRQIRU\RXUSUHVHQFHKHUH :DUZDONHGVORZO\WRZDUGKLPQRVWULOVIODULQJ'HDG"
$QG"
:KDW,PHDQGHDUPDQLVLI\RXZDQW*DXWLHUGHDGWKHQFRPHWDONWR0DPD,W VHHPV\RXUQHJRWLDWLQJSRZHURYHUPHMXVWHQGHG2RRREDE\WKLVLVJRLQJWRJHW JRRGQRZ

&+$37(5 1,&./$<217+()/22575(0%/,1*$1',1$FROGVZHDWDVKHWULHGWRIRFXV,W

ZDVQRXVH(YHU\WKLQJVZDPEHIRUHKLVH\HV+LVERG\IHOWOLNHLWZDVEODFN DVSKDOWDWWKUHHR FORFNRQDODWH$XJXVWDIWHUQRRQLQWKH)UHQFK4XDUWHU :KDWZDVKDSSHQLQJWRKLP" 6K$WHQGHUKDQGEUXVKHGKLVVZHDW\KDLUEDFNIURPKLVIDFH /RRNLQJXSKHIRXQG0HQ\DUDWKHUH7LQ\DQGEHDXWLIXOKHU&UHROHVNLQZDVWKH SHUIHFWFDIpDXODLWFRORU+HUJUHHQH\HVZDWFKHGKLPZLWKFRQFHUQ,W VDOOULJKW PRQSHWLWDQJVKHVDLGLQDGHHSYRLFHWKDWKDGDOZD\VUHPLQGHGKLPRI(DUWKD .LWW V :KDWDUH\RXGRLQJKHUH"KHDVNHGKLVYRLFHWKLFNDQGVFUDWFK\ ,IHOW\RXUSRZHUVXQORFNDQGFDPHDVVRRQDV,FRXOG +HIURZQHGLQFRQIXVLRQ:KDW" 0HQ\DUDVKRRNKHUKHDGDVVKHJDWKHUHGKLPLQWRKHUDUPVDQGKHOGKLPOLNH VKH GGRQHZKHQKH GEHHQDVFDUHGOLWWOHER\DIUDLGRIWKHQHLJKERUKRRGEXOOLHV 0\SRRU$PEURVLXV
=HSK\UDDQG:DUKDGWROGKLP+RZFDQ1LFN*DXWLHUEHWKLVVXSUHPHO\ SRZHUIXOFUHDWXUH"+H VDZRUWKOHVVJQDW :DUWRRNDGHHSEUHDWKEHIRUHKHVSRNHLQDQLPSDWLHQWWRQH:KHQWKH3ULPXV %HOOXPZDVIRXJKWWKHGDUNHVWSRZHU²WKH0DYURPLQR²FUHDWHGWKH0DODFKDLWR EULQJGRZQWKH6HSKLULL*XDUGLDQVDQGFRQVRUWVRIWKHILUVWRUGHURIJRGVWKH 6HSKLULLZHUHVROGLHUVZKRHQIRUFHGWKHRULJLQDOODZVRIWKHXQLYHUVH:KHQWKH

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

6KHLQFOLQHGKHUKHDGLQDVDUFDVWLFJHVWXUH-DUHG :KLFKEHJJHGRQHH[WUHPHO\LPSRUWDQWTXHVWLRQ$QGMXVWKRZGLG\RXKDSSHQ WRFRPHLQWRSRVVHVVLRQRIKLP" 6KHUHIXVHGWRDQVZHU$OOWKDWPDWWHUVLVWKDW,RZQKLPDQGKHZLOOGRZKDWHYHU ,VD\ZLWKRXWTXHVWLRQ
=HSK\UD /LNHWKHZLQG6RIWDQGJHQWOH 6KHJDYHKLPDVO\VPLOH$QGFDSDEOHRIXWWHUGHVWUXFWLRQZKHQULOHG +HVXFNHGLQKLVEUHDWKLQVKDUSDSSUHFLDWLRQ,FRPPHQG\RX6WU\NHU
ZLVKHGKHFRXOGGLH%XWWKLVZDVKLVIDWHIRUDOOHWHUQLW\ ,W VZKDW\RXGHVHUYHWUDLWRU 3HUKDSVLWZDV%XWDWWKHWLPHKH GGRQHLWKH GPDGHWKHRQO\GHFLVLRQKH G EHHQDEOHWR /HYHUDJH/LIHZDVDOODERXWOHYHUDJHDQGWKHEDODQFHRISRZHUKDGQHYHUEHHQ ZLWKKLP$OOFUHDWXUHVZHUHYLFWLPVRIWKHLUELUWKVDQGIDPLOLHV:LWKDOOWKH SRZHUKHFRPPDQGHGQRWHYHQKHKDGEHHQLPPXQH'LVJXVWHGE\WKDWKH WHQVHGDVKHIHOWDIRUHLJQULSSOHWKURXJKWKHDLUDURXQGKLP+HNQHZWKDW VHQVDWLRQ

$QLQVWDQWODWHUFODULW\FDPHDVWKHGRRURSHQHGWRDGPLWKLVEDQH=HSK\UDDQG WZRPHQ2QHZDVWKH'DLPRQGHPLJRGDJDLQ7KHRWKHU 3ROHPXV:DU %UDYRWKDW7KH\QHHGHGWKHVSLULWRIZDUDZDNHQHGOLNHKHQHHGHGDKRWSRNHU VKRYHGXSKLVDVV.HHSWKDWLGHDWR\RXUVHOIER\
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
6WU\NHUPHW-DUHG VVHDULQJJD]H+DWUHGEXUQHGEULJKWEXWVRPHWKLQJWROGKLP WKHKDWUHGZDVGLUHFWHGPRUHLQZDUGO\WKDQRXW7KHSRRUFUHDWXUH,WZRXOGEH NLQGHVWWRNLOOKLP $UH\RXVXUHKHFDQGRWKLV"6WU\NHUDVNHG=HSK\UDDVVKHVKHDWKHGWKHGDJJHU EDFNLQWRKHUERRW 6KHOHGKLPRXWRIWKHURRPDQGLQWRWKHKDOOZD\:DUSXOOHGXSWKHLUUHDU 'RQ WOHWKLVVQLYHOLQJIRRO\RX+HZDVFUHDWHGWRNLOO 6RZDVWKH0DODFKDL
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

+HORRNHGWR=HSK\UD$UH\RXJRLQJWRVHQGKHUWRNLOOPH" 1R,JDYH\RXP\ZRUGDQGXQOLNH\RX,VWDQGE\LW
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
PDNLQJKLPJDVSDQGGRXEOHRYHUDVSDLQULSSHGWKURXJKKLVJURLQ6KHVDQNKHU QDLOVLQWRKLVVFURWXP%XW, PDZRPDQDQGDVWKHJUHDWSRHWVRFOHYHUO\ZURWH KHOOKDWKQRIXU\DVDZRPDQVFRUQHG&RQVLGHUPH\RXUSHUVRQDOKHOO:LWKRQH KDUGMHUNVKHVWHSSHGDZD\ 6WU\NHUZDQWHGWREODVWKHUEXWKLVERG\KXUWVRPXFKWKDWDOOKHFRXOGGRZDV JODUHDWKHUDVVKHWXUQHGDQGOHIWKLPDORQHLQKLVURRP 7KLVLVQ WRYHUORYHKHJURZOHGSDLQIXOO\+HZDVJRLQJWRUHFODLPKHUDQG PDNHKHUEHJIRUKLVIRUJLYHQHVV1RPDWWHUZKDWLWWRRNKHZRXOGKDYHKHU 7KHQKHZRXOGNLOOKHUKLPVHOI

&+$37(5 +2: 6+('2,1*"

7RU\ORRNHGXSIURPZKHUH$VKZDVO\LQJRQWKHEHGUHVWLQJWRPHHW6DYLWDU V ODYHQGHUJD]H6WUDQJHVKHFRXOGKDYHVZRUQKLVH\HVZHUHJUHHQHDUOLHU +HZDVRXWRIKLVZHWVXLWDQGGUHVVHGLQDSDLURIZKLWHOLQHQSDQWVZLWKDQRSHQ EHDFKVKLUWWKDWVKRZHGRIIKLVVFXOSWHGWRUVR+LVORQJEURZQKDLUZDVVZHSW EDFNIURPKLVKDQGVRPHIDFH :DUWRUHKLPXSSUHWW\EDGO\EXW² , OOOLYH$VKVDLGUROOLQJRYHUWRORRNDWWKHP+HSURSSHGKLPVHOIXSRQWKH SLOORZVDQGWKHQEUXVKHGKLVEODFNKDLUEDFNZLWKKLVILQJHUV%HOLHYHPH, YH KDGZRUVHEHDWLQJV-XVWQRWUHFHQWO\ 7RU\JDYHKLPDFKLGLQJVWDUH,GRQ WNQRZ\RXGLGJHWUXQRYHUE\DFDUQRW WKDWORQJDJR $VKVQRUWHGDVKHODFHGKLVILQJHUVZLWKKHUV,QP\GHIHQVH,ZDVSUHRFFXSLHG E\DFHUWDLQ²KHJDYHKHUDPHDQLQJIXOJODUH²KXPDQKDYLQJDQHDUGHDWK H[SHULHQFH7KDWGRHVQ WFRXQW 6DYLWDULJQRUHGKLVMLEH:HOOWKHJRRGQHZVLVZHURXWHGKLP7KHEDGQHZVLV² $VKILQLVKHGWKHVHQWHQFHIRUKLP+H OOEHEDFN 6DYLWDUQRGGHG 7RU\VZDOORZHGDVIHDUVHL]HGKHU6KRXOGZHVWDUWPDNLQJSUHSDUDWLRQVKHUH"

6DYLWDUORRNHGFRPSOHWHO\RIIHQGHGE\KHUTXHVWLRQ3XQNDVVZRQ WFRPHWRP\ LVODQG+HNQRZVEHWWHU
7RU\IURZQHG7KHQZKR²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
ZHZHUH/HPXULDQVODYHZRPHQ7ZRRIXVKDGRXUKHDUWVULSSHGRXWDQGVKRYHG GRZQRXUWKURDWVZKLOHKHODXJKHGWKHQKHOLFNHGWKHEORRGFOHDQIURPKLV ILQJHUVDQGFDPHDWWKHUHVWRIXV,EDUHO\VXUYLYHGDQGLWWRRNPHWZRGHFDGHVRI KXPDQWLPHWRUHFXSHUDWHIURPWKRVHZRXQGV'RQ WWKLQN,IHDUWKHEDVWDUG, GRQ W,MXVWZDQW\RXWRIXOO\XQGHUVWDQGZKDWLWLVZH UHGHDOLQJZLWK $VKIURZQHGDWKLVZRUGVEXWKLVUHVROYHZDVVHW7KH\KDGWRGHIHDW:DURQH ZD\RUDQRWKHU+RZGLG\RXWUDSKLPODVWWLPH" ,VKWDU(LUHQH%LDDQGWKH*LJDQWHVFDPHWRRXUUHVFXH2XWRIWKDWOLVWWKH JRGGHVV(LUHQHLVWKHRQO\RQHOHIWDOLYH$QGZH UHGRZQWRRQO\HLJKWVXUYLYLQJ &KWKRQLDQV7KDWQXPEHULQFOXGHV\RX (YHQVR$VKUHIXVHGWREHOLHYHLWZDVKRSHOHVV7KHUH VDOZD\VDQRIIVZLWFK:H KDYHWRILQGLW :HZLOOWU\,QWKHPHDQWLPH\RXVKRXOGNQRZWKDW\RXUER\8ULDQJRWZRUG IURPWKHRWKHUVLGH6WU\NHULVSXOOLQJLQ'DLPRQVIURPDOORYHUWKHZRUOG DPDVVLQJQXPEHUVWKDWZRXOGPDNH&HFLO%'H0LOOHSURXG :K\" 6WU\NHU VSODQQLQJWRUDLQKHOORQWKHKXPDQVFRPH&KULVWPDVGD\2IFRXUVH 8ULDQVDLG\RXFRXOGSUREDEO\RIIVHWWKDWE\RIIHULQJ\RXUVHOIXSDVDVDFULILFH 6WU\NHUPLJKWEHZLOOLQJWRFDOOWKHDWWDFNRIILI\RXVXUUHQGHU\RXUVHOIWR:DUDQG GLHDSDLQIXOGHDWK 7RU\ VJD]HQDUURZHGDQJULO\RQ$VK'RQ W\RXGDUH,VZHDU$FKHURQ 3DUWKHQRSDHXVLI\RXHYHQWKLQNDERXWLW, OOEHDW\RXGRZQXQWLO\RXEHJPHIRU PHUF\ $VKWLJKWHQHGKLVJULSRQKHUKDQG'RQ WZRUU\(YHQLI,WXUQHGP\VHOILQKH G VWLOOJRDIWHUWKHKXPDQV,W VKLVQDWXUHDQG, PQRWVWXSLGHQRXJKWRWKLQNKH G HYHUVKRZPHUF\:KDWLVLW\RX UHDOZD\VVD\LQJ",W VQRWWKHKDQG\RX UHGHDOW

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
,I\RXUPRWKHUKDVKHUZD\VKH OOWXUQPHLQWRRQHDQG,ORRNOLNHVKLWLQSLQN 7KDQNVNLG $VKVKRRNKLVKHDGDVKHZDWFKHGWKH&KWKRQLDQYDQLVK$V$VKVWDUWHGDFURVV WKHURRPKHIRXQG7RU\ILUPO\SODQWHGLQKLVZD\6KHVWRRGOLNHDPLOLWDU\ FRPPDQGHUUHDG\IRUZDU²ZKLFKERGHGEDGIRUKLP:KDW" :KHUHDUH\RXJRLQJ" 7RVHH1LFN 6KHVFRIIHG'R\RXUHDOO\WKLQNWKDWZLOOEHSURGXFWLYH"7KHPDQKDWHV\RXU JXWVPRUHWKDQ6WU\NHUGRHV
EDWWOLQJIRUKHUOLIH, OOWDNH;LUHQDZLWKPH%XW\RXZLOOVWD\KHUHDQGQRWDUJXH ZLWKPH 6KHJURZOHGDWKLP
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
6LJKLQJ$VKFKDQJHGWKHVXEMHFWWRVRPHWKLQJKHFRXOGSHUKDSVFRQWURO6RZK\ ZHUH\RXRUGHUHGWRNLOO1LFN" -DUHGVKUXJJHGKLVFRDWEDFNRQ+H VWKHODVWRIWKH0DODFKDLEORRGOLQH $VKODXJKHGDWWKHDEVXUGLW\RIWKDWLGHD1LFN*DXWLHULVD0DODFKDL"& PRQ -DUHG/D\RIIWKHFUDFN , PQRWMRNLQJ+H VWKHODVWRIWKHLUEUHHG 6WXQQHG$VKDFWXDOO\JDSHG1LFN*DXWLHU"$QG\HWDVOXGLFURXVDVWKDWVHHPHG LWVWUDQJHO\PDGHVHQVH1LFN VXQIRXQGHGSRZHUV$VK VLQDELOLW\WRFRQWURO KLP 6KLW +RZFRXOGKHKDYHPLVVHGLW"
<28 5(/22.,1*(17,5(/<722608*:,7+\RXUVHOI

6WU\NHUJODQFHGRYHUKLVVKRXOGHUWRVHH=HSK\UDH\HLQJKLP,KDYH\RXKHUH :K\VKRXOGQ W,EHSOHDVHG" ,FDQWKLQNRIDPLOOLRQUHDVRQVVWDUWLQJZLWKWKHIDFWWKDW,ZDQWWRNLOO\RXPRUH WKDQ,ZDQWWREUHDWKH$VIRUWKHRWKHUVZRXOG\RXSUHIHUWKHPLQRUGHURI LPSRUWDQFHRUDOSKDEHWLFDOO\" +HODXJKHG7HOOPHKRQHVWO\GLGQ W\RXHYHUPLVVPH" 1R 7KRVHZRUGVVWUXFNKLPKDUG1RWRQFH" 6KHIROGHGKHUDUPVRYHUKHUFKHVW
,IRQO\KH GNQRZQWKHQZKDWZDVZDLWLQJIRUWKHPLQWKHIXWXUH ,GLGQ WPHDQWKRVHZRUGV 6KHVFRIIHG2IFRXUVHQRW
+H VWKHIDWKHURI\RXUGDXJKWHU 6RZKDW"$ELRORJLFDOGRQRUZKR GOHIWWKHP7KDWGLGQ WPDNHKLPDIDWKHU,W PDGHKLPDQDVVKROH+HUIXU\UHQHZHGVKHJODQFHGDERXWWKHURRPWKDWKHVOHSW LQ,WZDVUDWKHUSODLQ%XUJXQG\FRYHULQJVRQWKHEHG1RZLQGRZV$VPDOO FKHVWRIGUDZHUVDQGQRWKLQJKDQJLQJRQWKHZDOOV
6KHIOLSSHGLWDVLGHWRILQGWKHPRVWUHFHQWSKRWRLQWKHGUDZHU)URPWKHORRNVRI WKHTXDOLW\RIWKHSLFWXUHDQGWKHEODFNFORWKLQJVKHZRXOGJXHVVLWZDVQRPRUH WKDQWHQ\HDUVROG,WZDVRID\RXQJPDQZLWKZKLWHEORQGKDLUWKDWZDVSXOOHG EDFNLQWRDSRQ\WDLO²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

+HJODQFHGXS7U\LQJWRILQG*DXWLHU:KDWDUH\RXGRLQJKHUH" 7UXWKIXOO\VKHZDVQ WVXUH6KHGLGQ WZDQWWREHKHUHDQG\HW,ZDQWHGWRVHH \RX /HDYHKHRUGHUHG'DY\QZKRREH\HGLQVWDQWO\$VVRRQDVWKH\ZHUHDORQHKH ORRNHGEDFNDWKHU,WKRXJKW\RX GVHHQPRUHWKDQ\RXUIDLUVKDUHRIPH 6KHKDGDQG +H GNHSWDWLOHRIKHU+RZFRXOGVRPHWKLQJVRLQVLSLGO\VWXSLGZHDNHQKHU" 6KH GDOZD\VWKRXJKWKHUVHOIDERYHVXFKSHWW\VHQWLPHQWDOLW\ $SSDUHQWO\VKHZDVZURQJ %HIRUHVKHFRXOGVWRSKHUVHOIVKHPRYHGWRKLVVLGH:K\GLGQ W\RXJRDIWHU *DXWLHU\RXUVHOI" ,WULHG7KHOLWWOHEDVWDUGLVIDVWDQGH[WUHPHO\UHVRXUFHIXO1RWWRPHQWLRQKLV SRZHUVDUHQ WDQ\WKLQJWRODXJKDW,VWXSLGO\WKRXJKWKHUHFHLYHGPRVWRIWKDW IURPRXUEORRGH[FKDQJH1RZWKDW,NQRZZKDWKHLVLWPDNHVHYHQPRUHVHQVH ZK\,ZDVKDYLQJVXFKDKDUGWLPHFRQWUROOLQJKLP,VKRXOGKDYHEHHQIHHGLQJ IURPKLPDQGWDNLQJKLVSRZHUV
6KHVWHSSHGDURXQGKLVGHVNWRORRNLQWRWKHVIRUD:KHQZDVWKHODVWWLPH\RX KDGDYLVXDO" +HORRNHGDJKDVWDWKHU$UH\RXKHOSLQJPH" 6KHUHIXVHGWRJLYHKLPWKHVDWLVIDFWLRQ6KXWXSDQGDQVZHUP\TXHVWLRQ $VORZVPLOHVSUHDGRYHUKLVIDFHDQGWKHWHDVLQJJOHDPLQKLVH\HVVHWKHULUHRII
$PHULFDQZRPDQEHIRUHKLP6KHZDVDZRPDQKH GWKRXJKWKH GNQRZQKLV HQWLUHOLIHDQGKHUHLQWKHODVWIHZPLQXWHVKH GOHDUQHGWKDWKHKDGQHYHUUHDOO\ NQRZQKHUDWDOO ,GRQ WXQGHUVWDQGWKLV0\IDWKHUZDVDSV\FKRWLFFULPLQDOZKREHDWWKHKHOORXW RIP\PRPZKHQHYHUVKHZDVGXPEHQRXJKWROHWKLPLQWRRXUDSDUWPHQW EHWZHHQKLVXQIRUWXQDWHLQFDUFHUDWLRQV

0HQ\DUDVKRRNKHUKHDG
1LFNSXOOHGEDFN$WWDFNLQJKHUZDVSRLQWOHVVDQGLWPDGHKLPIHHOOLNHKLV IDWKHU²VRPHWKLQJKH GDOZD\VGHVSLVHG6KHZDVULJKW6KH GEHHQWKHUHDOORIKLV OLIHOLNHDVHFRQGPRWKHUWRKLP, PVRUU\0HQQLH, PMXVWKDYLQJDKDUGWLPH ZLWKDOOWKLV1RRIIHQVHEXWLW VDOLWWOHKDUGWRVZDOORZ 6KHSODFHGKHUKDQGDJDLQVWWKHERZDQGDUURZPDUNRI$UWHPLVRQKLVFKHHN
$QGZLOOWKDWWUXO\ILOOWKHELWWHUKROH\RX YHSODFHGLQ\RXUKHDUW" 1LFNVQDUOHGDWKHU,GLGQ WSXWWKDWKROHWKHUH+HGLG /RRNDWPHVKHEDUNHG
0HQ\DUDORRNHGDWKLPZLWKRXWIHDURUWUHSLGDWLRQ

&+$37(5 675<.(568&.('+,6%5($7+,16+$53/<$6=HSK\UDOHDQHGGRZQWRORRNLQWRWKH

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

6KHJURZOHGDWKLP*HWKLPDQGKXUU\ 7KHPRPHQWKHPRYHGWRZDUG'DY\Q.HVVDUDWWDFNHG+HFDXJKW6WU\NHUDERXW WKHZDLVWDQGWKUHZKLPWRWKHJURXQG+HFXUVHGNLFNLQJ.HVVDUEDFN
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²WKHVDPHRQHZKRRZQHG-DUHG+H WKRXJKWWRPDNHPHKLVPLQGOHVVV\FRSKDQWDQGZKDWKHOHDUQHGLVWKDW, PDORW VWURQJHUWKDQ,ORRN,NLOOHGWKHEDVWDUG 0HGHDVLJKHG:K\GRQ W\RXWHOOKLPWKHWUXWK0XP" 7UXWK"6WU\NHUDVNHGZLWKDIURZQ =HSK\UDFXUVHGDVVKHJODUHGDWKHUGDXJKWHU+HUH\HVVQDSSLQJILUHVKHWXUQHG WRZDUG6WU\NHU)LQH,WUDGHGP\KXPDQLW\VRWKDW0HGHDZRXOGOLYHORQJHU WKDQKHUWZHQW\VHYHQWKELUWKGD\ :KDWDUH\RXWDONLQJDERXW"

8QOLNH\RX=HSK\UDVQHHUHG,GLGQ WKDYHDQ$WODQWHDQJRGGHVVZLOOLQJWR VKRZPHKRZWRWDNHKXPDQVRXOVWROLYH,DVNHG$UWHPLVWRLQWHUYHQHRQ 0HGHD VEHKDOIDQGVKHUHIXVHG6KHWROGPHVKHZRXOGQ WFRXQWHUPDQGKHU EURWKHU VFXUVHHYHQIRUKHURZQQLHFH$IWHU, GDOUHDG\ORVWP\JUDQGVRQDQG VRQLQODZWRWKHKXPDQV,ZDVQ WDERXWWROHWP\RZQEDE\GLHEHFDXVHRI $SROOR6R,FRQMXUHGRQHRIWKHEURNHUVDQGSURPLVHGKLPP\VRXOLIKH GSURWHFW KHU ,WVRXQGHGHDV\HQRXJKEXWWKHUHZDVRQHSUREOHP'HPRQEURNHUVGLGQ W UHVSRQGWR'DLPRQUHTXHVWV
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²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

:DU+LVYRLFHZDVZHDNDQGVWUDLQHGDVLISDLQKDGMXVWULSSHGWKURXJKKLP +HEUXVKHGKLVKDLUEDFNIURPKLVIDFHEHIRUHKHSXVKHGKLPVHOILQWRDVLWWLQJ SRVLWLRQ+HWROGWKHGHPRQVWKDWWKH\VKRXOGQ WEHVXEVHUYLHQWWR\RXDQ\PRUH 7KDWWKH\VKRXOGULVHXSDQGNLOOXVDOOWRWDNHRYHU.DORVLV+HVDLGLWZRXOGEH WKHSHUIHFWGHPRQKDYHQRQFHDOOWKH'DLPRQVZHUHGHDGRUFRQYHUWHG 6WU\NHUJURZOHGORZLQWKHEDFNRIKLVWKURDW7UHDFKHURXVEDVWDUG =HSK\UDVFRIIHG
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
PHQDQGZRPHQZKRZHUHKROGLQJWKHPRII:KHUH V$SROO\PL" %HKLQG\RX

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²VKHSLQQHGKLPZLWKDQDQJU\JODUH²JDYHWKHPDFFHVV WRP\UHDOP3HUKDSV,VKRXOGIHHG\RXWRWKHPDIWHUDOO *LYHPHDFRXSOHRIKRXUVEHIRUH\RXGR5LJKWQRZ,QHHGWRWDNHLQYHQWRU\RI WKHGDPDJHGRQHWRP\PHQ 6LQFHZKHQGR\RXFDUHZKDWKDSSHQVWRWKHP" +HGLGQ WDQVZHU,WZDVWUXHKHOLNHGWRSUHWHQGKHKDGQRIHHOLQJVZKDWVRHYHU 7KDWKHZDVDERYHDQ\WKLQJDVSHWW\DVHPRWLRQV%XWKHNQHZWKHWUXWK +HDFKHGDQGKHFDUHGHYHQZKHQKHGLGQ WZDQWWR1RPDWWHUKRZKDUGKHWULHG KHZDVVWLOODPDQ 0\PHQQHHGPH+HZDONHGSDVWDQDQJU\6DYLWDUZKRZDVKHDGLQJWRZDUG $SROO\PL

:K\GLGQ W\RXVWD\SXW"6DYLWDUVQDUOHGDWKHU 6KHJDYHKLPDFROGKDXJKW\VWDUH, PWKHJRGGHVVRIGHVWUXFWLRQ'LG\RX UHDOO\WKLQN, GVWD\SXWZKLOHWKH\DWHWKHLUZD\WKURXJKP\KRPH"6KHFXUOHG KHUOLS,QHHG\RXWRJHW6LQDIWHUWKHP+H VD6XPHULDQJRGKHVKRXOGSROLFH WKHFUHDWLRQRIKLVRZQSDQWKHRQDQGFOHDQXSWKHLUPHVV 6DYLWDUVQRUWHG
:KDWDUH\RXGRLQJKHUH"$SROO\PLDVNHGKLP,WZDVREYLRXVIURPKHUWRQH WKDWVKHGLGQ WDSSUHFLDWHDQXQLQYLWHGFUHDWXUHSRSSLQJLQWRKHUGRPDLQ ,ZDVRUGHUHGWRSURWHFWKLP+HMHUNHGKLVFKLQWRZDUG6WU\NHU $SROO\PLIROGHGKHUDUPVRYHUKHUFKHVW:HOO,DVNHGIRUDQH[WHUPLQDWRUDQG ORRNZKRDSSHDUV:DQWWRWDNHRXW:DUIRUXV" ,FDQ W 6KHORRNHGOHVVWKDQSOHDVHGE\KLVUHVSRQVH:K\QRW" 3ULPDO6RXUFH6DYLWDUVDLGGULO\-DUHGZDVFUHDWHGWRSURWHFWWKRVHSRZHUV 1RRQHFDQPDNHKLPNLOOWKHP -DUHGQRGGHG([DFWO\1RWHYHQP\RZQHUFDQFRPPDQGWKDW $SROO\PLIURZQHG,GRQ WXQGHUVWDQG

6WU\NHUZDVDPXVHGE\WKHLUEDQWHULQJ+H GQHYHUVHHQ$SROO\PLTXLWHVR DQLPDWHG2U6DYLWDUIOXVWHUHG$Q\RWKHUWLPHKH GJRDGWKHPLQWRFRQWLQXLQJ EXWWKH\KDGWRRPXFKWRGRIRUKLPWRSOD\/RNL -DUHGVWHSSHGEDFN:KLOH\RXSODQDQGSORW,KDYHD0DODFKDLWRNLOO+H YDQLVKHG 6DYLWDUVLJKHG,UHDOO\GRQ WWKLQN$FKHURQLVJRLQJWRDSSURYHRIWKDWDFWLRQ 1R$SROO\PLDJUHHG,ZRXOGVHQG\RXDIWHUKLPEXW,GRQ WZDQW$SRVWRORV DQJU\DWPH 6DYLWDUOHWRXWDQHORQJDWHGEUHDWK
, PWLUHG6WU\NHULXV6KHJRWXSWROHDYH +HGLGZKDWKH GQHYHUGRQHEHIRUH+HSXOOHGKHUWRDVWRS,ZDQWDQDQVZHU IURP\RX 6KHVKUXJJHGKLVWRXFKDZD\+RZGHQVH\RXDUHFKLOG,QDOO\RXUKDWUHGKDYH \RXQHYHURQFHWKRXJKWWKURXJKRXUUHODWLRQVKLS" %HOLHYHPHWKHVHODVWIHZ\HDUV, YHGRQHQRWKLQJEXW
+HUVLOYHUH\HVIODVKHGLQWKHGLPOLJKW%XWKHVDZWKHSDLQWKDWVKHKLGVR HOHJDQWO\,GLGQ WVD\WKDW
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

+HORRNHGDW$QQDVPDOOEHDXWLIXOEORQG'DLPRQIHPDOHDQGQRGGHG7KH GHPRQVDUHQRORQJHUZHOFRPHGKHUH:HH[WHQGHGRXUKDQGVLQIULHQGVKLSDQG WKH\UHSDLGXVLQEORRGVKHG/LWWOHVXUSULVHUHDOO\DGHPRQZDVDGHPRQ+H VKRXOGKDYHNQRZQEHWWHUWKDQWRWKLQNWKH\FRXOGHYHUFRPELQHIRUFHVZLWKWKH JDOOX%XWWKDW VDOOULJKW:KDWZHODFNLQQXPEHUVZHPDNHXSIRUZLWKYLFLRXV DQGFXQQLQJ:HDUH'DLPRQDQGZHDUH6SDWKL1RZOHWXVVKRZWKRVHEDVWDUGV ZKDWZHFDQGR +LVPHQVKRXWHGLQDSSURYDO 6DYLWDUODXJKHGEHKLQGKLP 6WU\NHUFDVWKLPDQDQJU\JODUH
+LVKHDUWKDPPHULQJ6WU\NHUNQHZKHKDGWRJHWWR0HGHDDQG=HSK\UDEHIRUHLW ZDVWRRODWH

&+$37(5 =(3+<5$/22.('83)520+(5'(6.$77+(VRXQGRIDOLJKWWDSSLQJRQKHUGRRU

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
0HGHDVWRSSHGKHUDVVKHVWDUWHGIRUKHUGHVNDJDLQ,NQRZ\RX0DWHUD
WKHPIRUWKHIDFWWKDWKH GKDGWKHPDQGWKDWWKH\GHSHQGHGRQKLPIRUWKHLU VXSSRUW+H GKDWHGWKHPDOODQGKH GQHYHUIDLOHGWRVKRZWKHPWKDW ,QDOOKHUOLIHVKH GQHYHUNQRZQUHVSHFWRUNLQGQHVVXQWLODOHDQKDQGVRPHER\ KDGVWRSSHGKHURQWKHGRFNV (YHQQRZVKHFRXOGVHHWKHVXQKLJKOLJKWHGLQKLVEORQGKDLU6HHWKHDGPLUDWLRQ LQWKRVHEHDXWLIXOEOXHH\HVDVKH GORRNHGDWKHU+H GEHHQZUDSSHGLQWKH SXUSOHFKLWRQRIDQREOHPDQWKDWVHWRIIKLV\RXQJZDUULRU VERG\WKDWZDVDOUHDG\ VKRZLQJWKHSURPLVHRIWKHPDQKH GJURZLQWR 7KLQNLQJKHLQWHQGHGWRDFFRVWKHUDVPDQ\RWKHUVKDGEHIRUHKLPLQFOXGLQJKHU RZQGUXQNHQIDWKHUVKH GNQHHGKLPLQWKHJURLQDQGUXQ +H GFKDVHGKHUGRZQRQO\WRDSRORJL]HIRUVFDULQJKHU $SRORJL]H7KHVRQRIDJRGWRDFRPPRQILVKPRQJHUGUHVVHGLQUDJV,W GEHHQ ORYHDWILUVWVHQWHQFH7KHQZKHQKH GWDNHQKLVRZQFORDNRIIWRVKLHOGKHUIURP WKHVWHUQVHDEUHH]HVKH GPHOWHGRQWKHVSRW 7KHUHIRUWKHEULHIHVWRIWLPHVVKH GIHOWORYHGDQGFKHULVKHG6KH GIHOWZRUWK VRPHWKLQJPRUHWKDQGLUWEHQHDWKRWKHUSHRSOH VIHHW 8QWLO$SROORKDGFRPHLQFRQGHPQLQJWKHLUUHODWLRQVKLSRQWKHJURXQGVWKDWVKH ZDVJDUEDJHXQZRUWK\RIDGHPLJRGDQG6WU\NHUKDGVKHHSLVKO\REH\HGKLV IDWKHU VRUGHUVWROHDYHKHU $QJHUWRUHWKURXJKKHUIURPWKHPHPRU\ ,GRQ WEHOLHYHLQIDLU\WDOHV=HSK\UDWROGKHUGDXJKWHU
,ORYH\RXFKLOGVKHZKLVSHUHG,QDOOP\OLIH\RXDUHWKHRQO\WKLQJWKDWKDV EURXJKWPHXQHQGLQJMR\
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

+HJDYHKHUDZU\JULQ6ZHHWLH, PVWLFNLQJ\RXERWKZKHUHWKHVXQGRHVQ W VKLQH8QOLNHKHUHWKHUH VQRGD\OLJKWLQ.DORVLV(YHU
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
=HSK\UDVLJKHGDORXG0HGHDVWRS\RXUDQJHUDQGGRDVKHVD\V6KHWXUQHGWR IDFH6WU\NHUZLWKDQHYLOJODUH$QG\RXQHHGWRUHPHPEHUWKDWVKH VWKH GDXJKWHU\RX YHQHYHUPHW1RWRQHRI\RXUVROGLHUVWREHRUGHUHGDERXW 'DY\QURVHPRUHVORZO\,ILWPDNHV\RXIHHOEHWWHU0HGHDKLVWRQHZDVPXFK QLFHUZKHQKHEDUNHGDW\RXWKDQZKHQKHEDUNVDWXV 6WU\NHUFXWDPXUGHURXVORRNLQKLVGLUHFWLRQ
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
1LFNEORFNHGDQGWZLVWHGWKHVWDIIIURPKHUJULS+HVPLOHGSURXGO\DVKH GLVDUPHGKHU7ROG\RX, PWKHEHVWWKHUHHYHUZDV 6KHVQRUWHGDWKLVDUURJDQFH$QG, PDJRGGHVVRIWUXWKQRWRIZDU%HDWLQJPH VKRZV\RXFDQGHIHDWDQROGZRPDQ1RWKLQJPRUH'RQ WJHWFRFN\ 1LFNFXUOHGKLVOLS
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

,WROG\RX,DPKRQRUERXQGWRNHHSKLPVDIHDQGVR,ZLOOSURWHFWKLPZLWKP\ OLIH $UH\RXLQVDQH" $VKWRRNDVWHSEDFNDVWKH6HSKLURWKVWRSSHGILJKWLQJKLP, PDQ$WODQWHDQ JRG-DUHG,VZRUHWRKLVPRWKHUWKDWQRRQHZRXOGHYHUKDUPKLP
$VKVKRRNKLVKHDG7KHRUGHURIWKHXQLYHUVHLVIRUKLPWROLYHVRORQJDV\RX GR -DUHGODXJKHG
HYHQWKRXJK\RXIRXJKW\RXZRXOGQ WKDYHUHDOO\NLOOHGKLP(YHQDW\RXU DQJULHVW\RXZHUHQHYHUDUHDOWKUHDWWRKLP+HGLGQ WQHHGKLVSRZHUVWRSURWHFW KLPVHOIIURP\RX $QG\HW, PWKHUHDVRQKHGLHG 1R1LFNLVWKHUHDVRQKHGLHG+HSXOOHGWKHWULJJHU +RZVLPSOH6DYLWDUPDGHLWVRXQGEXWLWGLGQ WFKDQJHWKHRQHVLQJOHWUXWKRI WKDWQLJKW%HFDXVH,FXUVHGKLPWRLW 6DYLWDUJDYHKLPDGUROOVWDUH%HJODG, PQRWSK\VLFDOO\WKHUHRU, GVODS\RX XSVLGHWKHKHDG
KLV+HUKDLUEUXVKKHUORWLRQV+HUSHUIXPH+HSLFNHGWKHODWWHUXSVRWKDWKH FRXOGVPHOOLW :KDWDUH\RXGRLQJ" +HSXWWKHVPDOOJODVVFRQWDLQHUGRZQLPPHGLDWHO\1RWKLQJ ,WZDVQ WQRWKLQJ
6KHUHWXUQHGKLVVWDUHZLWKRQHRIKHURZQ
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
+HEUXVKHGKLVKDQGGRZQKHUDUPXQWLOKHODFHGKLVILQJHUVZLWKKHUV/LIWLQJ KHUKDQGKHSODFHGDNLVVRQKHUSDOPEHIRUHKHVDQNKLVIDQJVLQWRKHUZULVW 6KHMHUNHGHYHUVRVOLJKWO\EXWVKHGLGQ WSXOODZD\6WU\NHUJURZOHGDWWKHVZHHW WDVWHRIKHU$QGDVKHGUDQNKHIHOWKHUSRZHUVPHUJLQJZLWKKLV8QWLOQRZKH G KDGQRLGHDMXVWKRZPXFKGHPRQLFHQHUJ\VKHKHOG ,VKRXOGQHYHUKDYHEHHQDEOHWRGHIHDWKHU +HWHQVHGDWWKDWUHDOL]DWLRQ6KH GOHWKLPZLQ$VORZVPLOHFXUOHGKLVOLSVEXW KHGLGQ WVSHDN+HGLGQ WZDQWWRDQJHUKHUDJDLQ1RWZKHQWKH\ZHUHOLNHWKLV 6KHSXOOHGEDFNWRVWDUHGRZQDWKLP+HUHOHDVHGKHUKDQGDVKHUKDLUWHDVHGKLV FKHVW7UXO\WKHUHZDVQRPRUHEHDXWLIXOVLJKWWKDQKHUULVLQJDERYHKLPZKLOH KHUEDUHEUHDVWVEUXVKHGDJDLQVWKLP =HSK\UDZDVFDXJKWE\WKHKDQGVRPHQHVVRI6WU\NHU7KHSRZHURIKLP1RZVKH NQHZWKHWUXWK+HKDGUHVWUDLQHGKLPVHOILQWKHLUILJKW+HFRXOGKDYHVHULRXVO\ KXUWKHUDQG\HWKHKDGQ W ,IRQO\VKHFRXOGWUXVWKLPDJDLQ 'LGVKHGDUH" +HOLIWHGKLPVHOIXSVRWKDWKHFRXOGJHQWO\VXFNOHKHUEUHDVW&XSSLQJKLVKHDG DJDLQVWKHUVKHVKLYHUHGDWWKHVHQVDWLRQRIKLVKRWWRQJXHVZHHSLQJRYHUKHU+H OLIWHGKHUHIIRUWOHVVO\DQGVHWKHUGRZQRQKLP6KHVXFNHGKHUEUHDWKLQVKDUSO\ DWWKHVHQVDWLRQRIKLVERG\LQVLGHKHUV 6KHOLIWHGKLVFKLQXSVRWKDWVKHFRXOGWDVWHKLVOLSVDJDLQZKLOHVKHPRYHGHYHU VRVORZO\DJDLQVWKLP+RZVKHGHOLJKWHGLQWKHZD\KHIHOW,QWKHVHQVDWLRQRI KLVEUHDWKPLQJOLQJZLWKKHUV 6WU\NHUFRXOGQ WHYHQWKLQNVWUDLJKWDVKLVERG\FULHGRXWLQSOHDVXUH,WWRRN HYHU\SLHFHRIKLVFRQWUROQRWWRFRPHIURPWKHVKHHUMR\RIEHLQJZLWKKHU+H GXJKLVQDLOVLQWRKLVSDOPLQDQHIIRUWWRNHHSKLPVHOILQFKHFN%XWLWZDVKDUG

7KLVZDVWKHRQO\ZRPDQKH GHYHUORYHG $ZKLVSHURIDVPLOHFXUYHGKLVOLSVDVKHILQJHUHGKHUHDU7KHUHZDVRQHVSRW 'LSSLQJKLVKHDGKHVZHSWKLVWRQJXHEHKLQGKHUHDUGRZQWRWKHOREH 6KHVXFNHGKHUEUHDWKLQVKDUSO\DVFKLOOVVSUHDGRYHUKHUGUDZLQJKHUQLSSOHV WLJKW
3RRUSOD\ +HVQRUWHGDWKHUEDGSXQ7KHQLJKWLVVWLOO\RXQJ,KDYHPDQ\PRUHKRXUVOHIW WRVDYRU\RXDQG,DVVXUH\RXZKHQ, PGRQH SRRU LVWKHODVWZRUGWKDWZLOOFRPH WR\RXUPLQG 6KHSXWRQDKDXJKW\IURQWXQZLOOLQJWROHWKLPNQRZH[DFWO\KRZSOHDVHGVKH ZDVZLWKKLP:HOOLI\RXZLVKWRHPEDUUDVV\RXUVHOIDJDLQZKRDP,WRVWRS \RX" +HWVNHGDWKHU
,IHGODVWQLJKWVR, PJRRGIRUDIHZZHHNV$QG\RXVLU" +HJODQFHGDW=HSK\UD 6KHZHQWFROGDVVKHXQGHUVWRRGWKDWORRN, YHWDNHQEORRGIURP\RXWZLFH +HQRGGHG, OOEHJRRGIRUDFRXSOHRIGD\V 6KHVZDOORZHGLQIHDURIKLVGU\WRQHDVDVHQVHRIGUHDGZHQWWKURXJKKHU+RZ PDQ\" 0D\EHWZR $QGWKHQKH GEHGHDG

&+$37(5 =(3+<5$','1 763($.$*$,1817,/'$9<1KDGOHIWWKHPDORQH6WU\NHUWXUQHG

WRZDUGKHURQWKHEHGDQGKHUJD]HGURSSHGWRZKHUHVKH GVWDEEHGKLPHDUOLHU +HIROORZHGWKHOLQHRIKHUH\HV7KRXJKWKHZRXQGZDVKHDOLQJLWZDVVWLOOD QDVW\UHPLQGHURIKHUWHPSHU $QGGHDGO\DLP /RRNVOLNH\RX OOEHJHWWLQJ\RXUZLVKVRRQHUUDWKHUWKDQODWHUKXK"KHVDLG IOLSSDQWO\ 6KHFOXWFKHGWKHVKHHWWRKHUFKHVW7KHUHKDVWREHDZD\RXWRIKHUH
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

,KDYHQ WWRXFKHGGD\OLJKWLQRYHUHOHYHQWKRXVDQG\HDUV1RWVLQFHWKHQLJKWZH ZHUHZDUQHGRIWKHFXUVH ,ZRXOGJLYHWKDWWR\RX 6KHVKRRNKHUKHDGLQGHQLDO
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

'RQ WVWRSVKHVDLGKROGLQJKLVKHDGWRWKHJDOOX VWKURDW1RWXQWLOVKH V GHDG +HSXOOHGEDFNHQRXJKVRWKDWKHFRXOGVSHDN,WKLQN, PFRQYHUWLQJ,GRQ WIHHO ULJKW
PDUNGHQRWLQJZKHUHWKHVRXOH[FKDQJHWRRNSODFH6WU\NHUVWDUHGDWWKH XQEOHPLVKHGVNLQLQFRQIXVLRQ7KHPRPHQWDQ$SROOLWHWRRNDKXPDQVRXOLQWR WKHLUERG\WRHORQJDWHWKHLUOLIHDEODFNPDUNDSSHDUHGRYHUWKHLUKHDUWZKHUHWKH VRXOVPHUJHG +LVZDVJRQH ,GRQ WXQGHUVWDQG :KHQD'DLPRQPHUJHVZLWKDGHPRQ\RXKDYHWKHVWUHQJWKRIERWKVSHFLHV 7KH\DUHLPPRUWDO1RZVRDUH\RX +HZDVDJKDVW+RZLVWKLVSRVVLEOH" 6KHVPLOHGHYLOO\*DOOXEORRGLVSRWHQW:KDWHYHULWLVWKDWPDNHVLWLQIHFWLRXV PHUJHVZLWKRXU'1$DQGVWUHQJWKHQVXV
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

$QLQVWDQWODWHUVKHURVHWRKHUIHHWDQGOLIWHGKHUVKLUW+HU'DLPRQ VPDUNZDV JRQH $QGVRZHUHWKHPDUNVIURPWKHRWKHUVZKR GIHGRQWKHJDOOX 6WU\NHUZDQWHGWRVKRXWRXWLQMR\DVKHUHDOL]HGWKH\ GIRXQGWKHNH\WRWKHLU VXUYLYDO7KHNH\WRWKHLUVDOYDWLRQ 2YHUFRPHE\KDSSLQHVVKHVQDWFKHG=HSK\UDXSDQGWZLUOHGDURXQGZLWKKHU
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

:$567(33('%$&.$1'/$8*+('$6+(ZDWFKHGWKH'DLPRQVDQGWKHJDOOXWHDU

LQWRHDFKRWKHU,WZDVDEVROXWHO\EHDXWLIXO
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

:DUUROOHGKLVH\HV

&+$37(5 =(3+<5$6$721675<.(5 67+521(:+,/(+(DQGKLV'DLPRQVZHUHRIIILJKWLQJ

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

EUHDWKHGDQGFRQVXPHG7KHILUHWKDWZRXOGQ WEHGHQLHGDQGWKDWFUDYHGDEHWWHU H[LVWHQFHWKDQWKHRQHVKH GNQRZQ )RUWKHILUVWWLPHLQFHQWXULHVVKHZDVZKROHDQGVKHVDZDIXWXUHIRUKHUVHOIDQG KHUGDXJKWHU2QHRISRZHU 2IGHVWUXFWLRQ
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
=HSK\UDORRNHGXSDV6WU\NHUHQWHUHGWKHEHGURRPKLVH\HVEULJKWDQGFKHHNV IOXVKHG+HUHPLQGHGKHURIDER\EDFNIURPDWKULOOULGHZKRZDVSURXGRI KLPVHOIIRUFRPSOHWLQJLW

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
%XWWKDWZDVQRWKLQJFRPSDUHGWRWKHJXLOWRIZKDWKH GGRQH
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
SUHWHQGWKDWKLVIDWKHUKDGORYHGKLPWKDWLWKDGEHHQDQRYHUVLJKWWKDWFDXVHG $SROORWRFXUVHKLPDORQJZLWKWKHUHVWRIWKH$SROOLWHUDFH %XWWKHKDUVKEDUHWUXWKLWZDVVRPHWKLQJ6WU\NHUKDGQHYHUZDQWHGWRIDFH +LVIDWKHUKDGQ WFDUHG$QGWKDWZDVKXUWIXO$QJU\'HELOLWDWLQJ +HFORVHGKLVH\HVDV=HSK\UDQLSSHGKLVFKLQDQGWRRNDZD\WKHSDLQRIKLV UHDOLW\'LVVROYLQJWKHLUFORWKHVKHUROOHGXQWLOVKHZDVRQWRSRIKLP6KHZDVWKH RQO\RQHKH GHYHUJLYHQSRZHURYHUKLPWR+HEHORQJHGWRKHUDQGKHNQHZLW 6KH GEUDQGHGKHUVHOILQWRKLVVRXOHOHYHQWKRXVDQG\HDUVDJRWKDWGD\RQWKH GRFNZKHQVKH GUXQIURPKLP$QGLIKHKDGWRGLHKHZDQWHGLWWREHE\KHU KDQG%\WKHKDQGRIVRPHRQHZKRKDGDWOHDVWORYHGKLPIRUDOLWWOHZKLOH 5HDFKLQJXSKHFXSSHGKHUIDFHLQKLVKDQGVZKLOHKHVDYRUHGWKHVLJKWRIKHU QDNHGERG\RQWRSRIKLV+HWUDLOHGKLVKDQGVIURPKHUIDFHGRZQWRKHUEUHDVWV /XVKDQGIXOOWKH\WRRKDGKDXQWHGKLVQLJKWVDQGOHIWKLPDFKLQJIRUWKHORVVRI KHUDQGIRUPRPHQWVOLNHWKLVRQH :KHQDUH\RXHYHUJRLQJWROHDUQPH6WU\NHU"VKHDVNHG +RZVR" 6KHWUDFHGWKHOLQHVRIKLVOLSVZLWKRQHORQJILQJHUQDLO,VD\WKLQJVLQDQJHUWKDW ,QHYHUPHDQ:KHQ,WROG\RXWROHDYHDOO,ZDQWHGZDVIRU\RXWRVWD\,ZDQWHG WRKXUW\RXWKHZD\\RX GFUXVKHGPH
EXW\RXUVFXWPHDOOWKHZD\WRWKHERQH7KH\OHIWVFDUVRQPHWKDWVWLOOKDYHQ W KHDOHG 6KHVODSSHGDWKLVFKHVW1RWSDLQIXOO\EXWIRUFHIXOO\HQRXJKWRJHWKHUSRLQW DFURVVWKDWVKHZDVVWLOODQJU\DWKLP:KDWGR\RXWKLQN\RXGLGWRPH"+DYH \RXDQ\LGHDKRZPDQ\WLPHVLQP\OLIH,ZDVFDOOHGDZKRUH"%HIRUH,ZHQWWR $UWHPLV,ZHQWEDFNWRP\IDWKHU+HWRRNWKHPRQH\\RX GOHIWZLWKPHDQGWKHQ WKUHZPHRXWWRWKHVWUHHWV+HWROGPHWKDWLI,FRXOGQ WKROGRQWRP\KXVEDQG, VKRXOGJRVSUHDGP\OHJVIRUDQRWKHUZKRPLJKWILQGVRPHXVHIRUPH +HZLQFHGDQGWKHQJODUHGZLVKLQJKH GNQRZQDERXWLW,ZRXOGKDYHNLOOHG \RXUIDWKHUKDG,NQRZQ %XW\RXGLGQ WDQGWKDW VZK\,KDWHG\RXHYHQPRUH
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
$OPRVWILIWHHQ\HDUVROGKHZDVJDQJO\DQGOHDQ1RWTXLWHDWKRPHLQKLVERG\ KH GEHHQFOXPV\$SROORKDGJUDEEHGKLPE\WKHKDLUKLVIDFHFRQWRUWHGE\UDJH 'R\RXUHDOO\WKLQN,ZRXOGWROHUDWH\RXDQGWKDWZKRUHWREUHHG"
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

+HUVPLOHEULJKWLWKDGPDGHKLPLQVWDQWO\VDGDWWKHNQRZOHGJHWKDWKHZRXOG QHYHUDJDLQVHHDQ\WKLQJVRVSHFWDFXODU:K\DUH\RXVLWWLQJKHUHLQWKH GDUNQHVV" +H GFOHDUHGKLVWKURDWEXWWKHKDUGOXPSLQKLVVWRPDFKKDGPHUHO\GUDZQ WLJKWHU,KDYHVRPHWKLQJ,QHHGWRVSHDNWR\RXDERXW 6KHVHWKHUSDUFHOVRQWKHWDEOH$VGR,,² 1RSOHDVHOHWPHVSHDN )URZQLQJVKH GIUR]HQLQSODFH,GRQ WOLNH\RXUWRQH6WU\NHULXV 6KH GQHYHUOLNHGWRKHDUVWHUQQHVVLQKLVYRLFH,WZDVZK\KH GWULHGVRKDUGWR QHYHUVKRZKHUWKDWVLGHRIKLPVHOI,NQRZEXWZKDW,KDYHWRVD\FDQ WZDLW 6KH GIORXQFHGWRVWDQGE\KLVVLGHDQGVPRRWKWKHVFRZORQKLVIDFHZLWKKHU GHOLFDWHILQJHUV
5DJHKDGWZLVWHGKHUEHDXWLIXOIHDWXUHVLQWRWKHPDVNRIDJRUJRQ:KDWVKH URDUHG6KHVKRYHGKLPDZD\IURPKHU +H GUHDFKHGRXWWRZDUGKHU, PVRUU\3K\UD,KDYHQRFKRLFH 6KH GVODSSHGKLVWRXFKDZD\
6KHVKRYHGKLPDJDLQ*HWRXWRIP\VLJKW\RXSDWKHWLFH[FXVHIRUDPDQ,GRQ W ZDQW\RXKHUH*RGV,FDQ WEHOLHYH,ZDVVWXSLGHQRXJKWROHW\RXLQWRP\EHG 6WXSLGHQRXJKWRWUXVW\RX ,ORYH\RX3K\UD 6KH GJUDEEHGDERZOIURPWKHWDEOHDQGIOXQJLWDWKLVKHDG/LDU
$QJU\DWWKHZRUOGVKHNQHHGKLPLQWKHVLGH 2ZKHVQDSSHG:KDWZDVWKDWIRU" )RUEHLQJVXFKDQDVVKROH

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

DQGPDGHWKHKDLURQWKHEDFNRIKHUQHFNULVH:K\DUH\RXVNXONLQJDERXW -DUHG" +HPDWHULDOL]HGEHIRUHKHU, PQRWVNXONLQJ :KDWHYHU\RXVD\FKLOG:KDWHYHU\RXVD\ 6WHSSLQJEDFNKHQDUURZHGKLVJD]HRQKHU:K\DUH\RXSURWHFWLQJWKH 0DODFKDL" 6KHLJQRUHGKLVTXHVWLRQ7KHUHZDVQRQHHGWRJRWKHUHZLWKKLPQRWZKHQVKH NQHZZKDWZDVUHDOO\RQKLVPLQG,NQRZWKHVRUURZLQVLGH\RXDQG,NQRZZK\

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

&+$37(5 675<.(5/$<$%(':,7+=(3+<5$,1+,6$506DVKHOLVWHQHGWRKHUVRIWVQRUH

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² 7KH\FDSWXUHG0HGHD =HSK\UDVKRWXSLQWKHEHGIXOO\DOHUWDVDZDYHRIUDJHVLQJHGKLP7KH\ZKDW" 7RRN0HGHD'DY\QUHSHDWHGKLVYRLFHKROORZ+HPHW6WU\NHU VJD]HDQGWKH VKDPHLQKLVH\HVZRXOGKDYHWRXFKHG6WU\NHUKDGKHQRWEHHQVRDQJU\DWWKH PDQ:DUZDQWV\RXWRVXUUHQGHUWRKLPRUKHZLOONLOOKHU 6WU\NHU VFXUVHPDWFKHG=HSK\UD V5DOO\RXUPHQ6WU\NHURUGHUHG

=HSK\UDFDXJKWKLVDUPDVKHVWDUWHGWROHDYHWKHEHG:HFDQ WILJKWKLP+H OO NLOOKHU 'DY\QQRGGHG6KH VULJKW:DUZDVFOHDU+HZDQWV\RXWRFRPHDORQHRUKHU OLIHLVIRUIHLW 6WU\NHUJURXQGKLVWHHWKDVKHKDWHGKLPVHOIIRUSXWWLQJKLVRZQGDXJKWHULQ KDUP VZD\+HPHW=HSK\UD VJD]HDQGVDZWKHIHDUWKDWKLGEHKLQGKHUDQJHU, VWDUWHGWKLVDQG,ZLOOILQLVKLW,VZHDUWRWKHJRGVWKDW,ZRQ WOHWKLPKXUWKHU
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

KDOOEHORZ+LGGHQE\VKDGRZVKHZDWFKHGDV7RU\'DQJHUDQG6LPLODXJKHG ZKLOHWKH\DWHLFHFUHDPVXQGDHV,QGHVFULEDEOHHPRWLRQVWRUHWKURXJKKLP%XW WKHRQHWKLQJKHFRXOGQDPHZDVWKHIHHOLQJRIZDUPWKKHKDGHYHU\WLPHKHVDZ WKHP7KHIHHOLQJRIIDPLO\ 1RWRQFHLQKLVOLIHKDGKHHYHUWKRXJKWWRKDYHWKLVVHQVDWLRQRISHDFHDQG KDSSLQHVV7RNQRZWKHJHQWOHWRXFKRIDZRPDQZKRWUXO\ORYHGKLP$WRXFKKH FRXOGWUXVWWRQHYHUWXUQSDLQIXORUEUXWDO7UXO\LWZDVDPLUDFOH

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
1RWDORQH 1LFNWRRNRQHVWHSFORVHUWRKLP7KHQWHOOPHZKDW,QHHGWRGR $VK $VKVWHSSHGEDFNWRORRNGRZQZKHUH7RU\ZDVFDOOLQJKLP,IKH GWKRXJKW1LFN ZDVDVKRFNLWZDVQRWKLQJFRPSDUHGWRZKDWZDLWHGIRUKLPWKHUH+HKDGWR EOLQNWZLFHMXVWWRPDNHVXUHKHZDVQ WKDOOXFLQDWLQJ 'DPQ/XFLIHUPXVWEHVLWWLQJRQLFLFOHVWRGD\$VKJODQFHGEDFNWR1LFN6WD\ KHUHIRUDIHZ $VK²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
6WU\NHUFXUVHG)LQH%XWRQFH:DULVSXWGRZQ, OOEHDIWHUWKHWZRRI\RX DJDLQ *ULQQLQJVQLGHO\$VKOHWJRRI6WU\NHUDQGVWHSSHGWRWKHVLGHRIWKHWZRPHQ+H KHOGKLVKDQGRXW:RUNVIRUPH)RUWKHRQHVZHORYHWRGD\ZH UHDOOLHV 7RPRUURZZHUHVXPHRXUQDWXUDORUGHURIPRUWDOHQHPLHV*HQWOHPHQDQG,XVH WKDWWHUPORRVHO\IRUDOORIXVKDYHZHDQDFFRUG" 1LFNFRYHUHGKLVKDQGZLWKKLVRZQ, PLQ 6WU\NHUKHVLWDWHG)RU0HGHD+HSODFHGKLVKDQGRYHUWKHLUV 7RU\JDYHDOLJKWODXJK:KDWDIUHDN\DOOLDQFHWKLVLV6RZKDWGRZHGRQRZ" $VKGLGQ WKHVLWDWHZLWKKLVDQVZHU
'DQJHUVQRUWHG5HOD[7UXVWPH,W OOEHDOOULJKW,VQ WWKDWKRZ,HQGHGXS GHDG" $VKJULPDFHGDWWKHUHPLQGHU6WRSIHHGLQJKHUDQ[LHW\ 6LPLSHUNHGXSDWKLVFRPPHQW$Q[LHW\7KH6LPL VQHYHUHDWHQWKDWEHIRUH 6KHORRNHGDW'DQJHU,VWKDWWDVW\" 1RWUHDOO\ 2K0D\EHZHVKRXOGSXWEDUEHFXHVDXFHRQLW(YHU\WKLQJ VEHWWHUZLWK EDUEHFXH $VKVKRRNKLVKHDG$QGRQWKDWQRWHZH UHJRLQJWRSODQRXUVWUDWHJ\ 7RU\PRYHGWRKLVVLGH7KDW,FDQGR
ZKHUHWKH\VDWSORWWLQJ:DU VGHPLVH+RZTXDLQW7KHPLFHDUHKHUGLQJ WRJHWKHULQDQHIIRUWWRWDNHXVGRZQ :DUODXJKHGDW.HU,H[SHFWHGQROHVV%XWWKH\XQGHUHVWLPDWHXV%\PRUQLQJ WKH\ OODOOEHGHDGDQGZLWKWKHEORRGRIWKH0DODFKDLZH OOEHDEOHWRUHYLYHRXU EUHWKUHQ:KLOHPDQNLQGSUHSDUHVIRUWKHLU&KULVWPDV'D\ZH UHJRLQJWR FHOHEUDWHZLWKDIHDVWRIWKHLUVRXOV$WPLGQLJKWWKHYHLOEHWZHHQWKHZRUOGVLV WKLQDQG1LFNLVJRLQJWRRSHQXSDQHZHUD/HWWKHEORRGEDWKEHJLQ .HUVPLOHGEULJKWO\,FDQ WZDLW $6+&+(&.('7+(%/$'(6,1+,6%227672PDNHVXUHWKH\ZHUHZRUNLQJ+H

WXUQHGKLVKHDGDVKHIHOWVRPHRQHHQWHUWKHURRPWRKLVOHIW,WZDV8ULDQ

7KDWZLSHGWKHGLVEHOLHIIURPKLVIDFHDQGUHWXUQHGDQJHUWRKLVFROGH\HV$QG, VKRXOGFDUHZK\" $VKKHOGKLVKDQGVXSLQVXUUHQGHU
1RRQHNQRZVWKHLUWUXHPHWWOHXQWLOLW VEHHQWHVWHG7KLVLV\RXUV:KHWKHU\RX SDVVRUIDLOLVHQWLUHO\XSWR\RX,FDQ WWHOO\RXZKDWWRGREXW,NQRZZKHUH, OO EHWRQLJKW+HKHVLWDWHGEHIRUHKHDVNHGWKHPRVWLPSRUWDQWTXHVWLRQ6R ZKDWGR\RXFKRRVH" *RU\GHDWK $VKVKRRNKLVKHDG
WKDW,VROGP\VHOIWRKHUWRSURWHFWPDQNLQG)RUWKHVDNHRIWKH'DUN+XQWHUV, VXEMHFWHGP\VHOIWRKHUFUXHOZKLPVIRUHOHYHQWKRXVDQG\HDUV6R\HDK8ULDQ, WKLQN,FRXOGPDQDJHWRVXFNLWXSIRUDQKRXUWRSURWHFWWKHUHVWRIWKHZRUOG 8ULDQOHWRXWDVORZEUHDWK
KHZRUHWKHWLWDQXPODFHGDUPRUEXWVLQFHWKH\ZHUHDERXWWREHXSDJDLQVWWKH JRGVRQO\NQHZZKDWKHZDQWHGWREHSUHSDUHG +HOHIWKLVURRPWRILQG=HSK\UDLQKLVRIILFHVWDULQJLQWRWKHVIRUDDVVKHWULHGWR ORFDWH0HGHD,WZDVQ WZRUNLQJ:KHUHYHU:DUZDVNHHSLQJKHUZDVRIIOLPLWVWR WKHP , OOEULQJKHUEDFN,VZHDULW =HSK\UDURVHVORZO\DVKHUJD]HKHOGKLVFDSWLYH,ZLVK\RX GUHFRQVLGHUP\ RIIHU
KLPWRR+RZXQIDLUWRORVHKLPQRZZKHQVKH GMXVWIRXQGKLPDJDLQ:LOO,EH DEOHWRZDWFKLQWKHVIRUD"
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²JLYHRUWDNHDIHZIHHW1RZKHUHKHZDVILJKWLQJQRWRQO\WR SURWHFWWKHRQHVKHYLHZHGDVIRRGEXWWRSURWHFWKLVRZQ
,VZHDU$VKVDLG 7KH\ORRNHGDW1LFN 6KH VGRQHPHQRKDUP, OOJHWKHURXWRIWKHUHLILW VDWDOOSRVVLEOH 6WU\NHUQRGGHGHYHQWKRXJKKHZDQWHGWRJXWWKHPDQZKR GNLOOHGKLVVLVWHU 7KHQDJDLQ6DWDUD VSODQKDGEHHQWRKDYH1LFNUDSH$VK VILDQFp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
.DWODXJKHGHYLOO\
$UWHPLVUDNHGKLPZLWKDFROGVFDWKLQJJODUH'LG\RXGDUHWRVD\VRPHWKLQJWR PH" *RRGWRVHH\RXDJDLQ*UDQGPD $UWHPLVFXUOHGKHUOLSDVVKHVWHSSHGDZD\ 1LFNFOHDUHGKLVWKURDWLQRUGHUWRJDLQWKHLUDWWHQWLRQ
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

&+$37(5 675<.(5&28/'1 7%5($7+($6+(6$:$)$&(WKDWKDGEHHQUHOHJDWHGWRKLV

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²WKHYHU\GUHVVVKH GEHHQZHDULQJWKHQLJKWWKH$SROOLWHVROGLHUVKDG EUXWDOL]HGKHUDQGHQGHGKHUOLIH,FDOOHGRXWIRU\RXWRKHOSPHDNULERVEXW \RXGLGQ WDQVZHUPH
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
0DPD"1LFNVKRYHG$VKEDFNVRWKDWKHFRXOGZUDSKLVDUPVDURXQGKHU7KH PRPHQWKHGLGVKHVFUHDPHGLQDJRQ\DQGIDGHGLQWRWKHPLVW $NULERV"5\VVDVDLGDVVKHDSSURDFKHG$VKVORZO\:K\GRHVLWKXUWQRZ" 7KHQVKHWRRVFUHDPHGRXW 7DQQLV VFULHVMRLQHGKHUVDVVKHIHOOWRKHUNQHHVDQGFRYHUHGKHUHDUVZLWKKHU KDQGV :KDW VKDSSHQLQJ"1LFNORRNHGDVEHZLOGHUHGDV6WU\NHUIHOW :LWKRXWDQVZHULQJ6WU\NHUUDQWR7DQQLVWRKHOSKHUEXWVKHYDQLVKHGEHIRUHKH FRXOGUHDFKKHU %LWWHUODXJKWHUHFKRHGDURXQGWKHP
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

1RWZLWK.HULQWKHILJKW+HUDELOLW\WRUHSOLFDWHQHJDWHGDQ\WKLQJWKH\FRXOGGR 7KH*UHHNJRGVZHUHVXUURXQGHG%RWK$VKDQG1LFNZHUHSLQQHGGRZQHYHU\ELW DVEDGO\DVKHZDV :DUODXJKHGKLVYRLFHULQJLQJRXW%RZGRZQWRPHDQG,PLJKWOHWVRPHRI\RX OLYHDVP\VODYHV =(3+<5$&$0(2872)+(5&+$,5$66+(6$:WKHLPPLQHQWGHDWKRI6WU\NHU

1RVKHEUHDWKHGKHUKHDUWVKDWWHULQJ6KHFRXOGQ WORVHKLPQRZ1RWDIWHU VKH GMXVWOHDUQHGWRORYHKLPDJDLQ 6KHORRNHGXSDWWKHFHLOLQJDVDQJHUEXUQHGWKURXJKKHU7KHJRGVKDGSOD\HG ZLWKWKHLUOLYHVHQRXJK
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

7KHQFRPH6KHKHOGKHUKDQGRXW 7RU\GLGQ WKHVLWDWHWRWDNHLW,QWKHQH[WPRPHQWWKH\ZHUHLQ1HZ2UOHDQV DJDLQ7KDWZRXOGQ WKDYHEHHQVREDGKDGWKH\QRWODQGHGLQWKHPLGGOHRID EORRGEDWK *DVSLQJVKHGXFNHGDVDVFUHDPLQJELUGZRPDQGRYHDWKHUKHDG =HSK\UDJURZOHGDVVKHPDQLIHVWHGDVZRUGWRILJKWWKH.HUHVZLWK-DUHGVKH FDOOHGVXPPRQLQJKHUVODYHWRKHUVLGH +HDSSHDUHGLQVWDQWO\ 6DYH6WU\NHU +LVH\HVJORZHGUHGDVKHVDZ1LFNILJKWLQJ+HKHDGHGIRUKLP 6WRSVKHVKRXWHG/HDYHKLPEH
6WU\NHUSDXVHGDVKHZDWFKHG1LFNWDNLQJRXWVRPHRIWKHLUHQHPLHV$WOHDVW XQWLOKHVDZ=HSK\UD7KHQKHFRXOGWKLQNRIQRWKLQJH[FHSWJHWWLQJWRKHU %HIRUHKHFRXOGWDNHDVWHS:DUVHL]HGKHUDQGSXOOHGKHUWRZDUGWKH,WDOLDQ PRQXPHQW 7KH\ZHUHMXVWDERXWWRKHDGRXWRIVLJKWZKHQ6DYLWDUDSSHDUHGEHKLQGWKHPDQG KHDGEXWWHG:DU=HSK\UDWXUQHGRQ:DUZLWKDNLFNVRILHUFHWKDW6WU\NHUIHOWWKH LPSDFWRILW$V:DUUHDFKHGIRUKHU6WU\NHUZDVWKHUHWRFDWFKKLPDQGVKRYH KLPEDFN $VKJUDEEHGKLPZKLOHKHZDVRIIEDODQFHDQG.DWUDIODVKHGLQEHKLQGKLP6KH NLFNHG:DU &XUVLQJ:DUVODPPHGKHUWRWKHJURXQGDQGZUHQFKHGKLVDUPIUHH 6WU\NHUFDXJKWKLP:KHUH V0HGHD" +HODXJKHG.LOOPHDQGVKHGLHVWRR 0DFKHKDVWKHP$VKVDLG+H VWKHRQO\RQHPLVVLQJ 6WU\NHUVOXJJHG:DU:KHUH" :DUNLFNHG6WU\NHUDZD\IURPKLPDVDGR]HQ.HUHVPRYHGLQWRDWWDFN +RZGRZHVWRSWKHP"6WU\NHUDVNHG$VKDQG6DYLWDU :HKDYHWRILQGWKHRQHWUXH.HU6DYLWDUVDLG6WRSKHUDQGWKHRWKHUVZLOO IDOO 6WU\NHUVFRIIHG&DUHWRWHOOPHZKLFKRQHVKHLV" 7KDWRQH=HSK\UDVDLGSRLQWLQJWRWKHRQHDWWDFNLQJ1LFN 6WU\NHUVFRZOHG+RZGR\RXNQRZ" ,QVWLQFW

3HUKDSVEXWLWZDVQ WXQWLO.HUKHDGHGIRU7RU\WKDW6WU\NHUVDZKLVRSHQLQJ+H H[FKDQJHGDNQRZLQJORRNZLWK$VKEHIRUHWKH\UXVKHG.HUWRJHWKHU $VVRRQDVWKH\KDG.HURQWKHJURXQGWKHRWKHUVYDSRUL]HG:DUVKULHNHGLQ RXWUDJHEHIRUHKHVHQWDEODVWDW7RU\-DUHGLQWHUFHSWHGLW+HKLVVHGDVLW VPROGHUHGWKURXJKKLVERG\DQGVHQWKLPWRKLVNQHHV1LFNDWWDFNHGWKHQ UXVKLQJIRU:DUV .HUELW6WU\NHU+HUHDFKHGIRUKHUWKURDWEXWEHIRUHKHFRXOGFKRNHKHU$VKKDG KHUVXEGXHG :DUZDVDQRWKHUPDWWHU+HZRXOGQ WJRGRZQ1RWIRUDQ\RIWKHP $VKVKRRNKLVKHDGDW6DYLWDU7KUHHPRQWKVWRVXEGXHKLP\RXVDLG 6DYLWDUQRGGHG 6WU\NHUFXUVHG,GRQ WKDYHWKUHHPRQWKV 0HQHLWKHU6WU\NHUIURZQHGDWWKHFKLOGLVKGHPRQ VYRLFHDV$FKHURQ VGHPRQ 6LPLDSSHDUHG6KHVODPPHGVRPHWKLQJDJDLQVW:DUZKRVQDUOHGDWKHU 6WU\NHUSXOOHGWKHGHPRQEDFNEHIRUH:DUFRXOGKXUWKHU:DUUHDFKHGIRUKLP EXWWKHPRPHQWKHGLGKLVKDQGWXUQHGWRVWRQH)URZQLQJ6WU\NHUZDWFKHGDVLW FUDZOHGXSWKHJRG VDUPDOOWKHZD\WRKLVERG\XQWLOKHZDVQRWKLQJPRUHWKDQD IUR]HQVWDWXHZKRVHIDFHZDVDPDVNRIIXU\ :KDWLVWKDW\RXKLWKLPZLWK"=HSK\UDDVNHG6LPL $LPD$FKHURQDQVZHUHG,WZDVWKHVDPHVXEVWDQFH6WU\NHUKDGRQFHXVHGWR IUHH]HKLP+RSHIXOO\:DUGLGQ WKDYHDQ\IULHQGVZKR GEHZLOOLQJWREULQJKLP WKHDQWLGRWHDIWHUWKLV :LSLQJKHUKDQGVWRJHWKHU6LPLJULQQHG
ZLWKQR*UHHNJRGPHVVLQJZLWKWKHRQHZKRSD\VWKHSODVWLFELOOV6KHKHOGKHU KDQGRXWWR$VK&DQWKH6LPLKDYHWKDWEODFNPHWDOFDUGVKHORYHVVRPXFK" $VKSXOOHGKLVZDOOHWRXWZLWKDVKRUWODXJK6XUHEDE\+HKDQGHGRYHUWKH EODFN$PHULFDQ([SUHVVFDUG %XWZKHUH V0HGHD"=HSK\UDDVNHG 7KH\DOOORRNHGWR-DUHGZKRKHOG.HURQWKHJURXQG , OOQHYHUWHOO\RXVKHVQDUOHG =HSK\UD VKHDUWVWLOOHGDWWKRVHZRUGVDQGWKHWKRXJKWRIQHYHUVHHLQJKHUFKLOG DJDLQ-DUHG"'RVRPHWKLQJ 6KHVDZWKHUHVLVWDQFHLQKLVH\HVEHIRUHKHOHWRXWDORQJWLUHGEUHDWK1LP" +XPDQIRUP +LVGHPRQSXOOHGRXWIURPXQGHUKLVFROODUWRWDNHWKHIRUPRIDVPDOODGXOWPDOH 7KHLQVWDQWKHVDZ6LPLKHUDQDQGWULSSHG 1LP-DUHGVQDSSHG6KHZRQ WKDUP\RX 1LPORRNHGOHVVWKDQFRQYLQFHGDVKHFUDZOHGRQWKHJURXQGWRWKHRWKHUVLGHRI -DUHG+HFURXFKHGEHVLGHKLP:KDWGRHV-DUHGQHHG" +HPHW=HSK\UD VJD]H)LQG0HGHD :K\FDQ W\RXMXVWSXOOWKHLQIRUPDWLRQRXWRIKHU"=HSK\UDDVNHG-DUHG 7KHUHDUHWRRPDQ\YRLFHVLQKHUKHDGVSHDNLQJWRRPDQ\ODQJXDJHVIRUPHWR GLIIHUHQWLDWHDQ\UHDOZRUGV6KH VEORFNLQJPHRQSXUSRVH+HORRNHGDW1LP )LQG0HGHDIRUPH 1LP VH\HVJORZHGUHGDVKHWRXFKHG.HUDQGVKHVKULHNHGLQDQJHU0HGHDLQ WKHKROHZLWKWKDWJRGZKRGLHG

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

=HSK\UDUDQWRKHUGDXJKWHUDQGJUDEEHGKHULQWRDWLJKWKXJEHIRUHVKHSXOOHG EDFNWRPDNHVXUHQRWKLQJKDGKDSSHQHGWRKHU 1LFNVWHSSHGIRUZDUGKLVIDFHWURXEOHG:KDWDERXWP\PRWKHU":KDWGLG:DU GRWRKHU" +DGHVSXWKLVKDQGRQ1LFN VVKRXOGHU7KHUH VQRWKLQJKHFRXOGGR.HUFRXOG VKRZ\RXWKHVRXOVWRZHDNHQ\RXEXWWKH\KDYHQRSRZHURYHUWKHP
=HSK\UDQDUURZHGKHUJD]HRQ-DUHG:K\GLGQ W\RXWHOOPHWKDW" +LVIHDWXUHVZHUHEODQNDQGKROORZ
6WU\NHUKHOGKLVKDQGRXWWRKLP(QHPLHVIRUHYHU 2UDWOHDVWXQWLO\RXOHDUQWROHDYHWKHKXPDQVDQG'DUN+XQWHUVDORQH :KHQ\RXOHDYHP\'DLPRQVDORQH, OOVWRSWRR ,FDQ WOHWWKH'DLPRQVNLOOWKHKXPDQV $QG,FDQ WVWDQGE\DQGZDWFKP\SHRSOHGLHRYHUDFXUVHP\IDWKHUJDYHWKHP 6RORQJDVWKHFXUVHVWDQGVZHKXQW 7KHQRXUZDULVIDUIURPHQGHG$VKVKRRNKLVKDQGWKHQWRRNKLVOHDYHZLWK 7RU\ 6WU\NHUGUDSHGKLVDUPRYHU=HSK\UD VVKRXOGHUV
VFKRRO7KHIUDPHZDVVHWRQKLVQLJKWVWDQGQH[WWRKLVEHG
1LFNGLGQ WVSHDN 7XUQLQJVKHZDWFKHGDVKHJUDEEHGDERWWOHRI6FRWFKDQGRSHQHGLW'LG\RX OHDUQDQ\WKLQJWRQLJKW"VKHDVNHG 6XFKDV" +RZPXFK\RXQHHGWRNQRZ\RXUSRZHUV +HWRRNDGHHSVZLJEHIRUHKHDQVZHUHG,NQHZWKDWEHIRUHWKHILJKW0HQQLH

(3,/2*8( 7ZR:HHNV/DWHU =(3+<5$6$7,1675<.(5 6&+$,5$66+(/,6WHQHGWRWKHVRXQGRIIDLQWPXVLF

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
6KHSXOOHGWKHVZRUGIURPWKHGHVNWKHQURVHZLWKLWLQKHUKDQG6KHDQJOHGWKH SHUIHFWO\EDODQFHGVZRUGDQGDGPLUHGWKHJOHDPLQJHGJH
$VKHGLSSHGKLVKHDGWRNLVVKHUWKHGRRUEHKLQGKLPFUDVKHGRSHQ$QJU\DW WKHLQWHUUXSWLRQKHWXUQHGWRJURZODW'DY\Q +RZHYHUWKHZRUGVGLHGRQKLVWRQJXHDVKHVDZWKHPDQ VIDFH:KDW V KDSSHQHG" :HFDQZDONLQGD\OLJKW 6WU\NHU VVFRZOGHHSHQHG:KDW" 'DY\QQRGGHG,ZDVFDXJKWRXWLQWKHGDZQZKLOHWUDLOLQJDIWHUWKHJDOOX, WKRXJKW,ZDVGHDGEXW, PQRW)RUWKHILUVWWLPHLQFHQWXULHV,VDZWKHGDZQ DQG,OLYHG,OLYHG 6WU\NHUH[FKDQJHGDQDPD]HGORRNZLWK=HSK\UD 7KHJDOOXDUHLPPXQHVKHZKLVSHUHG,QHYHUGUHDPHGWKDWWKHLUEORRGZRXOG DOORZXVWRZDONLQGD\OLJKWWRR
&RPLQJVRRQ /RRNIRUWKHQH[WQRYHO LQWKHVSHOOELQGLQJ'UHDP+XQWHUVHULHVIURP 1HZ
)LUVWWLPHLQSULQW '5($0:$55,25 $'UHDP+XQWHU1RYHO +HLVWKHVHUYDQWRIWKH)XULHV'LOLJHQW9LJLODQW)LHUFHDQG LQHVFDSDEOH+HLVWKHULJKWKDQGRIMXVWLFH²DQGQRRQHVWDQGVEHIRUH KLP $YDLODEOHLQ)HEUXDU\ IURP6W0DUWLQ V3DSHUEDFNV DQGGRQ WPLVVWKHVHRWKHU'UHDP+XQWHUQRYHOV 7+('5($0+817(5 83217+(0,'1,*+7&/($5 '5($0&+$6(5 $YDLODEOHIURP6W0DUWLQ V3DSHUEDFNV ZZZVKHUULO\QNHQ\RQFRP ZZZ'DUN+XQWHUFRP ZZZ\HDURIDFKHURQFRP

$YDLODEOHQRZ 'RQ WPLVVWKHPRVWDQWLFLSDWHGQRYHO LQWKHEORFNEXVWHU'DUN+XQWHUVHULHV IURP1HZ