8
$QWLRFK $XVWLQ *URYH %HQWRQ +HLJKWV %HQWRQ¶V &URVV 5RDGV %HWKHO &DOYDU\ &HQWHUYLHZ &HQWUDO &KULVW &RULQWK &RYHQDQW (DVW &DPSXV 0LQLVWULHV (EHQH]HU (O %XHQ 3DVWRU (OL]DEHWK 0LVVLRQDU\ (PPDQXHO (XWR )DLUILHOG )DLWK )DXONV )HOORZVKLS )LUVW %DSWLVW ,QGLDQ 7UDLO )LUVW %DSWLVW 0DUVKYLOOH )LUVW %DSWLVW 0RQURH )LUVW %DSWLVW :HGGLQJWRQ )RUHVW +LOOV )RXQGDWLRQ )UHHGRP %LNHU &KXUFK )ULHQGO\ *UDFH3RLQWH +DPLOWRQ &URVV 5RDGV +HUPRQ +RSHZHOO +RZLH ,QYLWDWLRQ ,JOHVLD &DPLQR .LQJ 0HPRULDO .RUHDQ *OREDO 0LVVLRQ /DNHYLHZ /DQHV &UHHN /HH 3DUN /LIH3RLQW 0RQURH /RYH 0DFHGRQLD 0DU\ (OL]DEHWK 0LGZD\ 0LOO &UHHN 0RXQWDLQ 6SULQJV 0W +DUPRQ\ 0W 0RULDK 0W 2OLYH 0W 3OHDVDQW 0W =LRQ 1HZ &RYHQDQW 1HZ +RSH 1HZ /LIH 1HZ /LIH %UD]LOLDQ 1HZ 6DOHP 2DN *URYH 2DNODQG 2OLYH %UDQFK 3KLODGHOSKLD 3OHDVDQW +LOO 3URYLGHQFH 5RDQRNH 6DQG\ 5LGJH 6DUGLV 6HFUHVW *URYH 6KLORK 6LOYHU 6WDU &RZER\ 6ROLG 5RFN 6RXWK 0RQURH 7ULQLW\ 8QLRQ 8QLRQ *URYH :D[KDZ :HVW 0RQURH :HVWHQG :LQJDWH Union Baptist Association www.unionbaptist.com 704-283-8383 Messenger “Linked Together” Volume 45 Issue 4 April 2018 8%$ 635,1* 6(66,21 7XHVGD\ $SULO /DNHYLHZ %DSWLVW &KXUFK &RQFRUG +Z\ 0RQURH 1& )HOORZVKLS SP 6HVVLRQ SP 0HVVDJH E\ 5HY (ULF 1L[RQ :HVW 0RQURH %DSWLVW &KXUFK $OO PHVVHQJHUV DUH XUJHG WR DWWHQG %XW WKH DQJHO DQVZHUHG DQG VDLG WR WKH ZRPHQ Η'R QRW EH DIUDLG IRU , NQRZ WKDW \RX VHHN -HVXV ZKR ZDV FUXFLILHG +H LV QRW KHUH IRU +H LV ULVHQ DV +H VDLG &RPH VHH WKH SODFH ZKHUH WKH /RUG OD\Η 0DWWKHZ - 1.-9 - *HDU XS *HW UHDG\ *DPH 2Q 8%$ 9%6 &OLQLF 6DWXUGD\ $SULO $QWLRFK %DSWLVW &KXUFK DP - QRRQ 8%$ 3DVWRU¶V &RQIHUHQFH 7XHVGD\ $SULO DP *XHVW 6SHDNHU 0U 0DUN +DUULV )RUPHU SDVWRU )%& &KDUORWWH DQG FDQGLGDWH IRU WK 'LVWULFW &RQJUHVV /XQFK ZLOO EH SURYLGHG

0HVVHQJHU ´/LQNHG 7RJHWKHUµ ZZZ … · lv wkh uhvxuuhfwlrq wkdw ydolgdwhv wkh uljkwhrxv olih dqg ylfdulrxv ghdwk ri *rg¶v rqo\ ehjrwwhq 6rq ,w lv wkh

Embed Size (px)

Citation preview

$QWLRFK $XVWLQ�*URYH %HQWRQ�+HLJKWV %HQWRQ¶V�&URVV�5RDGV %HWKHO &DOYDU\ &HQWHUYLHZ &HQWUDO &KULVW &RULQWK &RYHQDQW (DVW�&DPSXV�0LQLVWULHV (EHQH]HU (O�%XHQ�3DVWRU (OL]DEHWK�0LVVLRQDU\ (PPDQXHO (XWR )DLUILHOG )DLWK )DXONV )HOORZVKLS )LUVW�%DSWLVW�,QGLDQ�7UDLO )LUVW�%DSWLVW�0DUVKYLOOH )LUVW�%DSWLVW�0RQURH )LUVW�%DSWLVW�:HGGLQJWRQ )RUHVW�+LOOV )RXQGDWLRQ )UHHGRP�%LNHU�&KXUFK )ULHQGO\ *UDFH3RLQWH +DPLOWRQ�&URVV�5RDGV +HUPRQ +RSHZHOO +RZLH ,QYLWDWLRQ ,JOHVLD�&DPLQR .LQJ�0HPRULDO .RUHDQ�*OREDO�0LVVLRQ /DNHYLHZ /DQHV�&UHHN /HH�3DUN /LIH3RLQW��0RQURH /RYH 0DFHGRQLD 0DU\�(OL]DEHWK 0LGZD\ 0LOO�&UHHN 0RXQWDLQ�6SULQJV 0W��+DUPRQ\ 0W��0RULDK 0W��2OLYH 0W��3OHDVDQW 0W��=LRQ 1HZ�&RYHQDQW 1HZ�+RSH 1HZ�/LIH 1HZ�/LIH�%UD]LOLDQ 1HZ�6DOHP 2DN�*URYH 2DNODQG 2OLYH�%UDQFK 3KLODGHOSKLD 3OHDVDQW�+LOO 3URYLGHQFH 5RDQRNH 6DQG\�5LGJH 6DUGLV 6HFUHVW�*URYH 6KLORK 6LOYHU�6WDU�&RZER\ 6ROLG�5RFN 6RXWK�0RQURH 7ULQLW\ 8QLRQ 8QLRQ�*URYH :D[KDZ :HVW�0RQURH :HVWHQG :LQJDWH

Union Baptist Association www.unionbaptist.com

704-283-8383 Messenger “Linked Together”

Volume 45 Issue 4 April 2018

8%$�635,1*�6(66,21

7XHVGD\��$SULO���������

/DNHYLHZ�%DSWLVW�&KXUFK ������&RQFRUG�+Z\���0RQURH�1&

)HOORZVKLS�����SP 6HVVLRQ�����SP

��0HVVDJH�E\���5HY��(ULF�1L[RQ ���:HVW�0RQURH�%DSWLVW�&KXUFK�

$OO�PHVVHQJHUV�DUH�XUJHG�WR�DWWHQG�

%XW�WKH�DQJHO�DQVZHUHG�DQG�VDLG�WR�WKH�ZRPHQ��Η'R�QRW�EH�DIUDLG��IRU�,�NQRZ�WKDW�\RX�VHHN�-HVXV�ZKR�ZDV�FUXFLILHG� +H�LV�QRW�KHUH��IRU�+H�LV�ULVHQ��DV�+H�VDLG��&RPH��VHH�WKH�SODFH�ZKHUH�WKH�/RUG�OD\�Η

0DWWKHZ�������-��1.-9

�-��������

*HDU�XS�� *HW�UHDG\�� *DPH�2Q�

8%$�9%6�&OLQLF

6DWXUGD\��$SULO���������

$QWLRFK�%DSWLVW�&KXUFK

��DP�-�QRRQ

8%$�3DVWRU¶V�&RQIHUHQFH

7XHVGD\��$SULO���������

���DP

*XHVW�6SHDNHU� 0U��0DUN�+DUULV

�)RUPHU�SDVWRU�)%&�&KDUORWWH�DQG� FDQGLGDWH�IRU��WK�'LVWULFW�&RQJUHVV�

/XQFK�ZLOO�EH�SURYLGHG�

',5(&725�2)�0,66,216 'U��(ULF�'��&RRN

5HVXUUHFWLRQ

,�RSHQHG�P\�H\HV�DQG�VDZ�WKH�EHFNRQLQJ�KDQG�RI�WKH�SUHDFKHU�PRWLRQLQJ�PH�WR�DULVH�DQG�FRPH�IRUZDUG�WR�PHHW�WKH�UHVXUUHFWHG�2QH��,Q�WKDW�PRPHQW�LW�VHHPHG�WKH�URRP�ZDV�LOOXPLQDWHG�WZLFH�DV�EULJKW��DQG�WKDW�D�SRU�WDO�WR�OLIH�LWVHOI�ZDV�RSHQHG�EHIRUH�PH��7KHUH�LQ�WKDW�PRPHQW�ZDV�WKH�/LIH�*LYHU��WKH�2QH�ZKR�ZDV�YLFWRULRXV�RYHU�WKH�JUDYH�LWVHOI��0\�VLQV�DQG�P\�WUHVSDVVHV�IHOO�IURP�PH�DV�,�SUHVVHG�LQWR�+LP�ZLWK�P\�EURNHQ�DQG�UH�SHQWDQW�KHDUW��0\�IDLWK�VZHOOHG�DV�,�HQFRXQWHUHG�WKH�JUHDW�ORYH�RI�WKH�)DWKHU�LQ�WKH�JLIW�RI�+LV�6RQ��,Q�WKDW�PRPHQW�,�ZDV�EURXJKW�IURP�VSLULWXDO�GHDWK�WR�OLIH�HYHUODVWLQJ��

,W�LV�-HVXV�&KULVW¶V�UHVXUUHFWLRQ�IURP�WKH�GHDG�WKDW�FRPSOHWHG�WKH�ZRUN�WKDW�+H�FDPH�WR�GR�KHUH�RQ�WKH�HDUWK��,W�

LV�WKH�UHVXUUHFWLRQ�WKDW�YDOLGDWHV�WKH�ULJKWHRXV�OLIH�DQG�YLFDULRXV�GHDWK�RI�*RG¶V�RQO\�EHJRWWHQ�6RQ��,W�LV�WKH��

ORFXV�RI�WUXWK�RQ�ZKLFK�WKH�ZKROH�RI�WKH�&KULVWLDQ�IDLWK�VWDQGV�RU�IDOOV��7KH�$SRVWOH�3DXO�VWDWHG��³LI�&KULVW�KDV�

QRW�EHHQ�UDLVHG��\RXU�IDLWK�LV�ZRUWKOHVV���\RX�DUH�VWLOO�LQ�\RXU�VLQV��7KHQ�WKRVH�DOVR�ZKR�KDYH�IDOOHQ�DVOHHS LQ�

&KULVW�DUH�ORVW��,I�RQO\�IRU�WKLV�OLIH�ZH�KDYH�KRSH�LQ�&KULVW��ZH�DUH�RI�DOO�SHRSOH�PRVW�WR�EH�SLWLHG��´����&RU��

�����-�����<HW��WKH�&KRVHQ�2QH�ZDV�UDLVHG�IURP�WKH�GHDG�E\�+LV�RZQ�SRZHU��-HVXV�IXOILOOHG�WKH�SURSKHF\�RI�

,VDLDK������DQG�3DXO�UHFRUGHG�LW�LQ���&RULQWKLDQV������-����³:KHUH��2�GHDWK��LV�\RXU�YLFWRU\"�:KHUH��2�GHDWK��

LV�\RXU�VWLQJ" 7KH�VWLQJ�RI�GHDWK�LV�VLQ� DQG�WKH�SRZHU�RI�VLQ�LV�WKH�ODZ� %XW�WKDQNV�EH�WR�*RG� +H�JLYHV�XV�WKH�

YLFWRU\�WKURXJK�RXU�/RUG�-HVXV�&KULVW�´�-RKQ�WKH�5HYHODWRU�ZULWLQJ�WKH�ZRUGV�RI�WKH�/RUG�WR�WKH�VHYHQ�FKXUFKHV�

VDLG��³, DP +H�ZKR�OLYHV��DQG�ZDV�GHDG��DQG�EHKROG��,�DP�DOLYH�IRUHYHUPRUH´��5HY���������7KH�ZRPHQ�ZKR�

FDPH�WR�DWWHQG�-HVXV¶�ERG\�DW�WKH�WRPE�IRXQG�WKHPVHOYHV�ZLWK�WKHLU�IDFHV�WR�WKH�JURXQGV�DV�DQJHOV�GHOLYHUHG�

WKLV�PHVVDJH��³:K\�GR�\RX�VHHN�WKH�OLYLQJ�DPRQJ�WKH�GHDG" +H�LV�QRW�KHUH��EXW�LV�ULVHQ��5HPHPEHU�KRZ�+H�

VSRNH�WR�\RX�ZKHQ�+H�ZDV�VWLOO�LQ�*DOLOHH� VD\LQJ� µ7KH�6RQ�RI�0DQ�PXVW�EH�GHOLYHUHG�LQWR�WKH�KDQGV�RI�VLQIXO�

PHQ��DQG�EH�FUXFLILHG��DQG�WKH�WKLUG�GD\�ULVH�DJDLQ¶´��/XNH�����-����$QG�ULVH�DJDLQ�+H�GLG��,Q�+LV�UHVXUUHFWHG�

ERG\�+H�DSSHDUHG�WR�WKH�GLVFLSOHV�VHYHUDO�WLPHV�DQG�WR�RYHU�����ZLWQHVVHV��7KH�UHVXUUHFWHG�2QH�KDV�RYHUFRPH�

WKH�ZRUOG��-RKQ���������DQG�KDV�FRPH�IRUWK�IURP�WKH�JUDYH�ZLWK�KHDOLQJ�LQ�+LV�ZLQJV��0LFKD�������+H�DVFHQGHG�

LQWR�KHDYHQ�DQG�VLWV�DW�WKH�ULJKW�KDQG�RI�*RG�WKH�)DWKHU�$OPLJKW\��3VDOP��������HYHU�WR�PDNH�LQWHUFHVVLRQ�IRU�

XV��+HE���������$�EHDXWLIXO�SLFWXUH�RI�WKH�UHVXUUHFWHG�&KULVW�EHLQJ�ZRUVKLSSHG�LQ�KHDYHQ�LV�IRXQG�LQ�5HYHODWLRQ�

���³7KHQ�,�ORRNHG��DQG�,�KHDUG�WKH�YRLFH�RI�PDQ\�DQJHOV�DURXQG�WKH�WKURQH��WKH�OLYLQJ�FUHDWXUHV��DQG�WKH�HOGHUV��

DQG�WKH�QXPEHU�RI�WKHP�ZDV�WHQ�WKRXVDQG�WLPHV�WHQ�WKRXVDQG��DQG�WKRXVDQGV�RI�WKRXVDQGV� VD\LQJ�ZLWK�D�ORXG�

YRLFH��µ:RUWK\�LV�WKH�/DPE�ZKR�ZDV�VODLQ�WR�UHFHLYH�SRZHU�DQG�ULFKHV�DQG�ZLVGRP��DQG�VWUHQJWK�DQG�KRQRU�

DQG�JORU\�DQG�EOHVVLQJ�¶� $QG�HYHU\�FUHDWXUH�ZKLFK�LV�LQ�KHDYHQ�DQG�RQ�WKH�HDUWK�DQG�XQGHU�WKH�HDUWK�DQG�VXFK�

DV�DUH�LQ�WKH�VHD��DQG�DOO�WKDW�DUH�LQ�WKHP��,�KHDUG�VD\LQJ��µ%OHVVLQJ�DQG�KRQRU�DQG�JORU\�DQG�SRZHU�%H WR�+LP�

ZKR�VLWV�RQ�WKH�WKURQH��$QG�WR�WKH�/DPE��IRUHYHU�DQG�HYHU�¶´

6HUYLQJ�WKH�.LQJ�7RJHWKHU�

(ULF

0LVVLRQV��,W¶V�QRW�MXVW�D�SURMHFW��LW¶V�D�ZD\�RI�OLIH�

������������������������������������������������������������

+DSS\�6SULQJ��7KH�VLJQV�RI�FKDQJH�DUH�DOO�DURXQG�XV��)ORZHUV�DUH�EORRPLQJ��JUDVV�LV�JUHHQ�DQG�JURZLQJ��WKH�GD\V�DUH�ORQJHU��EULJKWHU�DQG�ZDUPHU��DQG�RXU�HPRWLRQV�DUH�OLIWHG�E\�WKH�H[WUD�OLJKW�DQG�UDLVHG������WHPSHUDWXUH��6SULQJ�LV�VHHQ�DV�D�WLPH�RI�JURZWK��UHQHZDO��RI�QHZ�OLIH�EHLQJ�ERUQ��$W�WKLV�WLPH�RI�\HDU����ZH�EHJLQ�WR�IHHO�OHVV�VOXJJLVK��DQG�EHFRPH�PRUH�RSHQ�WR�LQYLWLQJ�FKDQJHV�–�ERWK�ELJ�DQG�VPDOO�–�LQWR��RXU�OLYHV�� 'RHVQ¶W�WKDW�VRXQG�IDPLOLDU"�$V�&KULVWLDQV�ZH�NQRZ�-HVXV�GLHG�IRU�RXU�VLQV�DQG�ZDV�UDLVHG�DJDLQ«ZH�KDYH�DOO�EHHQ�JLYHQ�D�QHZ�OLIH��$UH�ZH�IHHOLQJ�EULJKWHU�DQG�ZDUPHU"�'R�ZH�WUXO\�UHMRLFH�LQ�ZKDW�WKDW�PHDQV�RU�GR�ZH�MXVW�FRQWLQXH�LQ�RXU�GD\�WR�GD\�GUXGJHU\�ORRNLQJ�DQG�DFWLQJ�QR�GLIIHUHQW�WKDQ�WKH�ZRUOG" /HW¶V�UHDFK�RXW�DQG�H[WHQG�&KULVW¶V�ORYH�DQG�JUDFH�WR�RWKHUV��.QRZLQJ�ZKDW�ZH¶YH�EHHQ�JLYHQ�KRZ�FDQ�ZH�WKLQN�RWKHUV�DUH�OHVV�GHVHUYLQJ"�,QVWHDG�RI�MXVW�JRLQJ�WR�FKXUFK��OHW¶V�EHFRPH�WKH�FKXUFK��,WV�VSULQJ�WLPH«OHW¶V�LQWURGXFH�RWKHUV�WR�WKH�XOWLPDWH�UHQHZDO�DQG�JURZWK���%H�SRVLWLYH�DQG�FUHDWLYH��:KR�FDQ�\RX�UHDFK�RXW�WR�WRGD\" ,Q�+LV�6HUYLFH� %HWV\�5RVV��:08�'LUHFWRU ���-���-���� EHWV\URVVXQLRQGLVWULFW#JPDLO�FRP

�� 0UV��0LFKDHO��.DWK\��:KLWVRQ )LUVW� ��������,QGLDQ�7UDLO �� 5HY��-RKQ�:RRG ���5HWLUHG �� 0UV��*HRUJH��(OOD��*RXJH ���5HWLUHG �� 0UV��(GGLH��5RELQ��3ULFH ���&DOYDU\ �� 5HY��(ULF�1L[RQ ������:HVW�0RQURH �� 5HY��/HODQG�6WHYHQV ����6XSSO\ �� 5HY��5R\�+HOPV ����������������5HWLUHG �� 5HY��'RXJODV�5XPOH\���������������������1HZ�6DOHP �� 5HY���0UV��0LFKDHO�0XOOLV ���.LQJ�0HPRULDO �� 5HY���0UV��6FRWW�:LOVRQ��������)LUVW�0DUVKYLOOH �� 5HY���0UV��7HUU\�6PLWK���6LOYHU�6WDU�&RZER\ �� 5HY���0UV��-HII�6PLWK��+DPLOWRQ�&URVV�5RDGV �� 5HY���0UV��-HII�:KLWHFRWWRQ�����6HFUHVW�*URYH �� 5HY���0UV��%XGG\�&XWVKDZ�����������0DFHGRQLD �� 5HY���0UV��6HWK�6SULQJV�����������������������6XSSO\ �� 5HY���0UV��-RKQ�0LOOHU���������������3OHDVDQW�+LOO

:H�ZRXOG�OLNH�WR�H[WHQG�D�VSHFLDO�WKDQN�\RX�WR�RXU �YROXQWHHUV�WKDW�KHOSHG�ZLWK�WKH�SUHSDUDWLRQ�DQG��PDLOLQJ�RI�WKH�8%$�0DUFK 0HVVHQJHU����9LUJLQLD�+HVOHU���%HWW\�.LNHU�DQG�$QQ�'RUD�����

5ROOLQV�IURP�0RXQWDLQ�6SULQJV�%DSWLVW�&KXUFK���,I�\RXU�JURXS�LV�LQWHUHVWHG�LQ�KHOSLQJ��SOHDVH�FDOO�WKH�8%$�RIILFH�DW����-���-������7KDQN�\RX�IRU�JLYLQJ�\RXU�WLPH�DQG�PDNLQJ�WKH�GD\�VR�HQMR\DEOH�

3OHDVH�SUD\�IRU�WKH�FRQJUHJDWLRQV�RI�WKHVH�FKXUFKHV�DV� WKH\�VHHN�*RG¶V�KHOS�LQ�ILQGLQJ�QHZ�OHDGHUV��

&HQWHUYLHZ��(DVW�&DPSXV��(O�%XHQ�3DVWRU��+HUPRQ�� /DNHYLHZ��0W��2OLYH��:LQJDWH

�� �����������

,QFOXGH�LQ�\RXU�SUD\HUV�WKH�³&KXUFKHV�RI�WKH�:HHN´� DQG�WKHLU�OHDGHUV�OLVWHG�EHORZ�

$SULO���-� +RZLH 5HY��'RQQLH�&UXPS��6U� $SULO���-�� ,JOHVLD�&DPLQR 5HY��0LJXHO�6DQWRV $SULO���-�� ,QYLWDWLRQ 5HY��'DUULQ�'HHVH $SULO���-�� .LQJ�0HPRULDO 5HY��0LNH�0XOOLV $SULO���-0D\�� .RUHDQ�*OREDO�0LVVLRQ 5HY��'DH�0XQ�<LP

5281'7$%/(6 7KXUVGD\��$SULO�������� �����S�P��WR������S�P� /DNHYLHZ�%DSWLVW�&KXUFK �����&RQFRUG�+Z\��0RQURH��1&�

(PEUDFH�LQYLWHV�\RX�WR�D�ZRPHQ¶V�PLQLVWU\�URXQG�WDEOH�WR��GLVFXVV�VWUDWHJ\�IRU�FUHDWLQJ�D�GLVFLSOH-PDNLQJ�FXOWXUH�LQ�RXU�ORFDO�FKXUFKHV¶�ZRPHQ¶V�PLQLVWULHV���'XULQJ�RXU�WLPH�WRJHWKHU��ZH�ZLOO�WDON�DERXW�DVVHVVLQJ�RXU�ZRPHQ¶V�PLQLVWULHV�FRUSRUDWH�O\�DQG�RXU�OLYHV�LQGLYLGXDOO\�DV�ZH�FDUU\�RXW�-HVXV¶�FRPPDQG�WR�PDNH�GLVFLSOHV���2QH�RI�WKH�JRDOV�IRU�WKH�PHHWLQJ�LV�WR�OHDYH�ZLWK�LGHDV�IRU�QH[W�VWHSV�WKDW�FDQ�KHOS�XV�IXUWKHU�GHYHORS�D�VWUDWHJ\�DQG�LPSOHPHQWDWLRQ� 3OHDVH�MRLQ�XV�DW�D�URXQGWDEOH�VWUDWHJ\�VHVVLRQ�QHDU�\RX���,I�\RX�ZRXOG�OLNH�WR�UHJLVWHU�VL[�ZRPHQ�RU�PRUH�IRU�D�VHVVLRQ��SOHDVH�FRQWDFW�$OH[D�0DKDQ�����-���-�����

2XWUHDFK�(YDQJHOLVP� ZLOO�EH�KHOG�RQ�WKH�WKLUG�6DWXUGD\�RI�HDFK�PRQWK��

WKURXJK�2FWREHU�DW�WKH�8%$�

�7KH�QH[W�GDWH�LV�

�6DWXUGD\��$SULO��������� PHHW�DW�8%$�05&������DP-���QRRQ

)RU�PRUH�LQIRUPDWLRQ��FRQWDFW -RHO�/LFNOLWHU�����-���-����

HYHUNOHHQFRPSDQ\#\DKRR�FRP :KDW�LV�&RRSHUDWLYH�3URJUDP"

7KH�&RRSHUDWLYH��������3URJUDP�LV�6RXWKHUQ�%DSWLVWV¶�XQLILHG�SODQ�RI�JLYLQJ�WKURXJK�ZKLFK����FRRSHUDWLQJ�6RXWKHUQ�%DSWLVW�FKXUFKHV�JLYH�D�

SHUFHQWDJH�RI�WKHLU�XQGHVLJQDWHG�UHFHLSWV�LQ� VXSSRUW�RI�WKHLU�UHVSHFWLYH�VWDWH�FRQYHQWLRQ�DQG�WKH�6RXWKHUQ�%DSWLVW�&RQYHQWLRQ�PLVVLRQV�DQG�PLQLVWULHV�

&RRSHUDWLYH�6XQGD\ $SULO��������

'HHS�6SULQJV�%DSWLVW�&KXUFK��ORFDWHG�DW������'HHS�6SULQJV�&KXUFK�5G��3HDFKODQG��ZLOO�KDYH�D��WK�6XQ��QLJKW�*RVSHO�VLQJLQJ�IHDWXULQJ�0DGG\� 'DYLV��)ULHQGVDW���SP�RQ�$SULO������(YHU\RQH�LV�LQYLWHG�

%HQWRQ¶V�&URVV�5RDGV���(DVWHU�6XQULVH�6HUYLFH�DW�WKH�FKXUFK�FHPHWHU\�DW���DP�IROORZHG�E\�%UHDNIDVW�DW������DP��6XQGD\�6FKRRO�DW���DP�IROORZHG�E\�0RUQLQJ�:RUVKLS�6HUYLFH�DW���DP��2XU�&KRLU�ZLOO�SUHVHQW�³7KLV�&KDQJHV�(YHU\WKLQJ´�DV�SDUW�RI�WKH�PRUQLQJ�ZRUVKLS��-RLQ�XV�DV�ZH�&HOHEUDWH�RXU�5LVHQ�6DYLRU�

(EHQH]HU���:H�LQYLWH�\RX�WR�RXU�(DVWHU�VHUYLFHV�����DP�6XQULVH�6HUYLFH�������DP�%UHDNIDVW�������DP�(DVWHU�&DQWDWD�–�³/RYH�7RRN�+LV�%UHDWK�$ZD\´�������DP�:RUVKLS���1R�HYHQLQJ�VHUYLFHV��2XU�:RPHQ¶V�0LQLVWU\�ZLOO�KRVW�D�/DGLHV¶�³$W-+RPH´�5HWUHDW��³�����'LIIHUHQW�7KLQJV«+RSH�DQG�3HDFH�IURP�WKH�%RRN�RI�5XWK´��$SULO���-���ZLWK�JXHVW�VSHDNHU ��1RUD�%URRNV��)U L��HYHQLQJ�EHJLQV�DW������ZLWK�D�ILQJHU-IRRG�GHVVHUW�IHOORZVKLS�DQG�LQWR�WR�WKH�ERRN�RI�5XWK��6DW��0RUQLQJ�EHJLQV�DW������ZLWK�EUHDN�IDVW�WUHDWV��:H�ZLOO�FRQWLQXH�LQ�WKH�ERRN�RI�5XWK�LQ�WKH�PRUQLQJ�VHVVLRQ��HQMR\�D�VDQGZLFK�OXQFK��DQG�HQG�ZLWK�D�ILQDO�VHVVLRQ�DIWHU�OXQFK��2XU�SURJUDP�ZLOO�FRQFOXGH�DURXQG���SP��&RVW�LV������7R�UHJLVWHU��SOHDVH�FRQWDFW�6DUDK�(DVWHU�����-���-�����RU�V�HDVWHU#P\HEHQH]HUEDSWLVW�RUJ��2XU�$:$1$�*UDQG�3UL[�5DFH�DQG�+RW�'RJ�6XSSHU�ZLOO�EH�6DW���$SULO�������SP��2XU�6WXGHQW�0LQLVWU\�ZLOO�KRVW�D�3RWDWR��6DODG�%DU�/XQFK�RQ�6XQ���$SULO�����DORQJ�ZLWK�D�6LOHQW�$XFWLRQ�%DNH�6DOH�IXQGUDLVHU�IRU�6XPPHU�<RXWK�&DPS��)RU�PRUH�LQIR��FRQWDFW�6DUDK�(DVWHU�

)DLUILHOG�&RPPXQLW\���(DVWHU�6HUYLFH���6RQULVH�:RUVKLS�6HUYLFH�DW���DP�IROORZHG�E\�%UHDNIDVW���:H�DUH�KDYLQJ�D�/DGLHV�&RQIHU�HQFH��³/DGLHV�(QFRXUDJHU´�ZLWK�3ULFHOHVV�%LEOLFDO�6WRULHV��:RPHQ�RI�WKH�%LEOH�RQ�6DWXUGD\��$SULO����������IURP���DP�XQWLO����SP��2XU �YHUVH�IRU �WKLV�FRQIHUHQFH�LV�3URYHUEV���������/XQFK�ZLOO�IROORZ�DORQJ�ZLWK�'RRU�3UL]HV���)DLUILHOG�LV�ORFDWHG�DW������+Z\�������DW�WKH�FRUQHU�RI�2OLYH�%UDQFK�5G���+Z\��������7R�UHJLVWHU�E\�$SULO����������SOHDVH�FDOO�RU�WH[W�*D\OH�*ULIILQ�����-���-�����

*UDFH3RLQWH���:H�LQYLWH�\RX�WR�EH�RXU�JXHVW�RQ�(DVWHU�6XQGD\�DW����DP��&DVXDO�GUHVV���7KLV�LV�RXU�RIIHU�WR�\RX��<RX�ZLOO�EH�ZHO�FRPHG�DQG�\RX�ZLOO�EH�ORYHG���6HUYLFH�ZLOO�EH�DSSUR[�����PLQ��,I�\RX�KDYH�TXHVWLRQV��FDOO�WKH�SDVWRU��7RQ\�0HGOLQ�����-���-������:H�DUH�ORFDWHG�DW�����&�(DVW�0DLQ�6W���0DUVKYLOOH�

0DFHGRQLD���(DVWHU�6XQULVH�6HUYLFH��6XQ���$SULO������DP��%UHDN�IDVW�������DP��6XQGD\�6FKRRO����DP��:RUVKLS����DP�

0DU\�(OL]DEHWK���(DVWHU�6XQULVH�6HUYLFH���DP�IROORZHG�E\�%UHDNIDVW��6XQGD\�6FKRRO���DP��:RUVKLS�DW����DP�

0LOO�&UHHN���(DVWHU�6XQULVH�6HUYLFH���DP�IROORZHG�E\�%UHDNIDVW�DW������DP�LQ�WKH�)HOORZVKLS�+DOO�DQG�:RUVKLS�DW���DP�

1HZ�+RSH���(DVWHU�6XQULVH�6HUYLFH���DP�IROORZHG�E\�%UHDNIDVW��1R�6XQGD\�6FKRRO�RU�:RUVKLS�6HUYLFHV�

2DN�*URYH���(DVWHU�6XQULVH�6HUYLFH�DW������DP�IROORZHG�E\�%UHDNIDVW�DW���DP��������DP�%LEOH�6WXG\��)HOORZVKLS�IROORZHG�E\�������:RUVKLS�6HUYLFH���%DSWLVW�<RXWK�*ROI�7RXUQDPHQW��0D\��������������DP�6KRWJXQ�VWDU W�0RQURH�&RXQWU\�&OXE�������SHU�WHDP�RI���LQFOXGHV��JUHHQV�IHH��FDUW��UDQJH�EDOOV��DQG�OXQFK��3UL]HV���VW���QG��/DVW�3ODFH��/RQJHVW�'ULYH��DQG�&ORVHVW�WR�WKH�&XS��&RQWDFW��6FRWW�&UXPS�WR�VLJQ�XS�����-���-������VFUXPS��#FDUROLQD�UU�FRP��0DNH�FKHFNV�SD\DEOH�WR�2DN�*URYH�DQG�VWDWH�WKH�SOD\HU¶V�QDPHV�RQ�\RXU�WHDP��'HDGOLQH���$SULO�����������3URFHHGV�WR�KHOS�\RXWK�PLVVLRQ�WULS�-XQH���-���

7ULQLW\���(DVWHU�6RQULVH�6HUYLFH�DW������DP���-��DP�%UHDNIDVW����DP�:RUVKLS���6SULQJ�)OLQJ��$SULO���WK�IURP����DP-��SP��)XQ�DQG�JDPHV�IRU�DOO�DJHV��)UHH�IRRG��ERXQFH�KRXVHV��IDFH�SDLQWLQJ��:H�ZLOO�KDYH�GLIIHUHQW�WHQWV�VHW�XS�ZLWK�PDQ\�PLQLVWULHV��)XQ�IRU HYHU\RQH�

�&DOHQGDU�RI�(YHQWV�&RQW��

:D[KDZ���(DVWHU�6XQULVH�6HUYLFH���DP�IROORZHG�E\�%UHDNIDVW��1R�6XQGD\�6FKRRO��:RUVKLS�DW������DP��:H�ZRXOG�OLNH�WR�LQYLWH�\RX�WR�RXU�QHZ������DP����VHUYLFH�VWDUWLQJ�$SULO��WK���6XQGD\�6FKRRO�ZLOO�EH�DW����DP��IROORZHG�E\�RXU����DP�VHUYLFH��3OHDVH�QRWH��DW�WKLV�WLPH��WKHUH�ZLOO�EH�QR�QXUVHU\�SURYLGHG�RU�FKLOGUHQV�FKXUFK�DW�WKH����DP���VHUYLFH��&RPH�DQG�MRLQ�XV�DV�ZH�MRXUQH\�WRJHWKHU�(QJDJLQJ�*RG��(QJDJLQJ�WKH�&RPPXQLW\��DQG�(QJDJLQJ�WKH�:RUOG��&RPH�DQG�VHH�KRZ�*RG�LV�ZRUNLQJ�DPRQJ�XV��:H�KRSH�WR�VHH�\RX�DW�RQH�RI�RXU�VHUYLFHV�

5HJLRQ���'LVDVWHU�5HOLHI�7UDLQLQJ

$SULO���-�������� �WR�EH�KHOG�LQ�&DEDUUXV�&RXQW\�

%$6,&�75$,1,1*���&KHFN-LQ�EHJLQV�DW������RQ�)UL��&ODVVHV�����-���SP�RQ�)UL��:H�ILQLVK�RQ�6DWXUGD\�E\���S�P�

&5266-75$,1,1*���&KHFN-LQ�EHJLQV�DW������SP�RQ�)UL�GD\��&ODVVHV�EHJLQ�DW���SP��:H�ILQLVK�RQ�6DWXUGD\�E\���SP�

5(-&(57,),&$7,21��5HDG�LQIRUPDWLRQ�FDUHIXOO\��6RPH�FRXUVHV�DUH�)UL��RQO\�RU�6DW��RQO\��ZKLOH�RWKHUV�DUH�)UL�-6DW��&KHFN-LQ�RQ�)UL��LV�DW������DQG�RQ�6DWXUGD\�DW������DP�

$'9$1&('���5HDG�FODVV�LQIRUPDWLRQ�FDUHIXOO\��6RPH�FRXUVHV�DUH�)UL��RQO\�RU�6DW��RQO\��ZKLOH�RWKHUV�DUH�)UL�-6DW��&KHFN-LQ�RQ )ULGD\�LV�DW������DQG�RQ�6DWXUGD\�DW �����DP� ��PHDOV��)UL��VXSSHU��6DW��EUHDNIDVW�DQG�OXQFK���7KLV�LV�DQ�29(51,*+7�WUDLQLQJ�IRU�VRPH�FRXUVHV��3DUWLFLSDQWV�ZLOO�VOHHS�DW�WKH�IDFLOLW\�FKXUFK�GRUPLWRU\�VW\OH��PHQ�DQG�ZRPHQ�VHSDUDWHG��%ULQJ�\RXU�FRW�DLU�PDWWUHVV��QR�GRXEOHV��DQG�DQ\�WKLQJ�\RX�QHHG�IRU�VOHHSLQJ��:H�'2�127�SURYLGH�VOHHS�JHDU��RQO\�VSDFH��6KRZHUV�SURYLGHG�� %DVLF�DQG�&URVV�WUDLQLQJ������LQFOXGHV�WUDLQLQJ�PDQXDO��KDW��VKLUW��LG�EDGJH��EDFNJURXQG�FKHFN��LI�QHHGHG���KRXVLQJ��XS�WR���PHDOV��DQG�WHPSRUDU\�DFFLGHQW�LQVXUDQFH�� 5HFHUWLILFDWLRQ�DQG�$GYDQFHG������LQFOXGHV�WUDLQLQJ�PDQXDO��VKLUW��LG�EDGJH��EDFNJURXQG�FKHFN��LI�QHHGHG���KRXVLQJ��XS�WR���PHDOV��DQG�WHPSRUDU\�DFFLGHQW�LQVXUDQFH�� 1RWH��7KH�WUDLQLQJ�LV�GHVLJQHG�WR�EH�DV�UHDOLVWLF�DV�SRVVL�EOH��)OH[LELOLW\�LV�NH\�WR�KDYLQJ�D�JRRG�H[SHULHQFH��3OHDVH�GR�QRW�UHJLVWHU�IRU�WKLV�WUDLQLQJ�LI�\RX�FDQQRW�VWD\�IRU�WKH�HQWLUH�HYHQW� $OO�)HHV�DUH�121-5()81'$%/(�DQG�FUHGLW�FDUG�FKHFNV�DFFHSWHG� 7R�UHJLVWHU�RU�IRU�PRUH�LQIRUPDWLRQ��FRQWDFW�.DLO\Q�(VNULGJH�NHVNULGJH#QFEDSWLVW�RUJ�����-���-����

��� ($67(5 ��� 8%$�&/26('�)25�($67(5 ��� &RRSHUDWLYH�3URJUDP�6XQGD\ �-�� %DSWLVW�&KLOGUHQ¶V�+RPHV�)RRG�5RXQGXS�DW�8%$ ��-�� 5HJLRQ���'LVDVWHU�5HOLHI�7UDLQLQJ��&DEDUUXV�&RXQW\ �� 8%$�9%6�&OLQLF��$QWLRFK�%DSWLVW���DP-QRRQ �� (YDQJHOLVP�7UDLQLQJ����-���QRRQ��8%$�05& �� 8%$�&RXQFLO�0WJ����SP�8%$�05& �� 8%$�6SULQJ�6HVVLRQ�-�/DNHYLHZ�%DSWLVW )HOORZVKLS��5HIUHVKPHQWV�����SP��6HVVLRQ�����SP 6HUPRQ�E\�5HY��(ULF�1L[RQ���:HVW�0RQURH�%DSWLVW�

�� 9LVLRQ�&DVWLQJ�:RUNVKRS����DP�-�QRRQ�8%$�05& *XHVW�6SHDNHU���'U��/HH�3LJJ��� 3DVWRU�RI�+RSHZHOO�%DSWLVW�&KXUFK��3UHVLGHQW�RI�WKH� 1&�%DSWLVW�6WDWH�&RQYHQWLRQ �� 1DWLRQDO�'D\�RI�3UD\HU��&URVVLQJ�3DWKV�3DUN� ,QGLDQ�7UDLO�������-������SP �� 6HQLRU�$GXOW�6XQGD\ �-�� 0RWKHU¶V�'D\�2IIHULQJ��:HHN�RI�3UD\HU �� 027+(5¶6�'$< ��-�� $VVRFLDWLRQDO�0LVVLRQV�(PSKDVLV��:HHN�RI�3UD\HU �� 8%$�&RXQFLO�0WJ����SP�8%$�05& �� 0(025,$/�'$<��-��8%$�&/26('

67$7(�&21)(5(1&(6 &RQWDFW�WKH�%DSWLVW�6WDWH�&RQYHQWLRQ�RI 1RUWK�&DUROLQD�DW��-���-���-�����

%DSWLVW�0LVVLRQV�&RQIHUHQFH�³2SHQ�+DQGV´

$SULO��-������� +LFNRU\�*URYH�%DSWLVW�&KXUFK

�����(DVW�:�7��+DUULV�%OYG���&KDUORWWH�1&������� 7KH�FRQIHUHQFH�LV�RSHQ�WR�DOO�PHQ��ZRPHQ��DQG�\RXWK� � &RQIHUHQFH�LQFOXGHV�ZRUVKLS��JHQHUDO�VHVVLRQV��EUHDNRXW� VHVVLRQV��PLVVLRQV�IDLU�H[KLELWV��PLVVLRQV�WHVWLPRQLHV��YROXQWHHU�VXSSHU�DQG�PRUH���7KH�VSHDNHUV�IRU������DUH�%U\DQ�/RULWWV��9LFNL�*URVVPDQ��.\OH�,GOHPDQ��-HQQLIHU�5RWKVFKLOG��7RP�5LFKWHU�� 7HUU\�5DH�DQG�ZRUVKLS�OHG�E\�WKH�$QQLH�0RVHV�EDQG��7KHUH�LV�D�����SHU�SHUVRQ�UHJLVWUDWLRQ�IHH�ZKLFK�LQFOXGHV�DOO�JHQHUDO� VHVVLRQV��DOO�EUHDNRXW�VHVVLRQV��QDPH�WDJ��PDWHULDOV�DQG�OXQFK�RQ�6DWXUGD\��7KHUH�LV�DOVR�DQ�RSWLRQDO��0LVVLRQ�2SSRUWXQLWLHV�� )ULGD\�VXSSHU�IRU����SHU�SHUVRQ� )RU�PRUH�LQIRUPDWLRQ�FRQWDFW�.DLO\Q�(VNULGJH�DW��������������[������

0RQH\�&KDOOHQJH

7KXUVGD\��$SULO��������� &KRZDQ�%DSWLVW�$VVRFLDWLRQ

����1&-�� $KRVNLH�1&������

���DP�–���SP��/XQFK�ZLOO�EH�SURYLGHG� 7KLV�HYHQW�ZLOO�DOORZ�LQGLYLGXDOV�WR�OHDUQ�PRUH�DERXW�VWHZDUGVKLS�DQG�JHQHURVLW\���7KLV�HYHQW�LV�IRU�DQ\RQH�LQ�WKH�FKXUFK�

1&�&KXUFK�/LEUDU\�0LQLVWU\�&RQIHUHQFH

6DWXUGD\��$XJXVW��������� )ULHQGO\�$YHQXH�%DSWLVW��*UHHQVERUR�1&

*OHQQ��$QQH�0F(RZHQ�ZLOO�LQWURGXFH�RU�XSGDWH�LQIRUPDWLRQ�RQ�3&�&DUG�FDWDORJ�DQG�KROG�D�YDULHW\�RI�ZRUNVKRSV��$OOLVRQ�

0D\QDUG�ZLOO�SURYLGH�LQIRUPDWLRQ�RQ�$WULXP�ZKLFK�LV�WKH�QHZHVW�OLEUDU\�SURJUDP�IURP�%RRN�6\VWHPV���0RUH�LQIR�ODWHU�

2SSRUWXQLWLHV��3RVLWLRQV

%HQWRQ¶V�&URVV�5RDGV�%DSWLVW�LV�LQ�VHDUFK�RI�D�IXOO-WLPH�<RXWK�3DVWRU���5pVXPpV�VKRXOG�EH�VHQW�WR�WKH�FKXUFK�DW�����/DZ\HUV�5RDG�(DVW��0RQURH�1&���������$771���<RXWK�3DVWRU�6HDUFK�&RPPLWWHH��

)LUVW�%DSWLVW�0DUVKYLOOH�LV�VHHNLQJ�D�SDUW-WLPH�0XVLF� 0LQLVWHU�WR�OHDG�FRQJUHJDWLRQDO�VLQJLQJ�DQG�FKXUFK�FKRLU� �7KH�FDQGLGDWH�VKRXOG�KDYH�D�KHDUW�IRU�*RG�DQG�D� SDVVLRQ�IRU�PXVLF�WKDW�KRQRUV�*RG�DQG�VWLUV�WKH�KHDUW�IRU� ZRUVKLS� �7KH�SULPDU\�ZRUN�RI�WKH�PXVLF�OHDGHU�ZLOO�EH�GRQH� RQ�6XQGD\�PRUQLQJV�ZLWK�FKRLU�SUDFWLFH�IURP���–���DP�DQG�ZRUVKLS�DW���DP� �7KH�PXVLF�PLQLVWHU�ZLOO�DOVR�ZRUN�DORQJVLGH�WKH�3DVWRU�DQG�:RUVKLS�FRPPLWWHH�ZLWK�VFKHGXOLQJ�DQG� SODQQLQJ� �7KH�VDODU\�IRU�WKLV�SRVLWLRQ�LV�QHJRWLDEOH� �)RU�PRUH�LQIRUPDWLRQ�SOHDVH�FRQWDFW�WKH�FKXUFK�RIILFH�DW����-���-����� �

0W��3OHDVDQW�LV�FXU UHQWO\�VHHNLQJ�D�3DUW-7LPH�<RXWK� 0LQLVWHU� �,QWHUHVWHG�FDQGLGDWHV�FDQ�PDLO�WKHLU�UpVXPpV�WR�WKH�FKXUFK�DW������6WDFN�5RDG�0RQURH��1&�������RU�HPDLO EILVKHU��#FDUROLQD�UU�FRP��

5RDQRNH�LV�VHHNLQJ�D�SDUW-WLPH�0XVLF�'LUHFWRU�ZKR�ZLOO�ZRUN�ZLWK�WKH�SDVWRU�WR�SODQ�PXVLF�WKDW�ZLOO�IDFLOLWDWH�DQ�DWPRV�SKHUH�LQ�ZKLFK�*RG�LV�ZRUVKLSSHG�DQG�JORULILHG��+H�VKH�ZLOO�EH�UHVSRQVLEOH�IRU�OHDGLQJ�FRQJUHJDWLRQDO�VLJQLQJ�DQG�VSHFLDO�PXVLF�IRU�WKH�6XQGD\�PRUQLQJ�VHUYLFH�DQG�VSHFLDO�HYHQWV��,QWHUHVWHG�FDQGLGDWHV�VKRXOG�FRQWDFW�3DVWRU�6FRWW�6WHLQ�����-���-�����RU�*RGZLWKPHVWHLQ#JPDLO�FRP�

$662&,$7,21�%,%/(�'5,//

6XQGD\��0DUFK�����������ZDV�WKH�GDWH�RI�WKH�$QQXDO�$VVRFLDWLRQ�%LEOH�'ULOO��ZLWK�VHYHQ�����GULOOHUV�����SDUWLFLSDWLQJ���:H�UHFRJQL]H�DQG�FRQJUDWXODWH�WKH�IROORZLQJ�VWXGHQWV�DQG�WKDQN�WKHP�IRU�LQVSLULQJ�XV�ZLWK�WKHLU�FRPPLWPHQW�RI�VWXG\�WR�OHDUQ�6FULSWXUH�SDVVDJHV�DQG�WKH�DELOLW\�WR�UHVSHFWIXOO\�ORFDWH�%RRNV�RI�WKH�%LEOH�LQ�VHDUFK�RI�HQFRXUDJHPHQW�DQG�7UXWK���

)URP�/DNHYLHZ�%DSWLVW�&KXUFK� (PPD�3DUVRQ�–�+LJK�6FKRRO�6SHDNHUV�7RXUQDPHQW $OH[�0HDFKDP�–�<RXWK�%LEOH�'ULOO .DWLH�<DUERURXJK�–�<RXWK�%LEOH�'ULOO -RQDWKDQ�0HDFKDP�–�&KLOGUHQ¶V�%LEOH�'ULOO %REE\�<DUERURXJK�–�&KLOGUHQ¶V�%LEOH�'ULOO 'DQLHO�*RRGPDQ��&KLOGUHQ¶V�%LEOH�'ULOO 1DWKDQ�0HDFKDP�-�&KLOGUHQ¶V�%LEOH�'ULOO

8%$�GULOOHUV�ZLOO�DGYDQFH�WR�WKH�5HJLRQDO�'ULOO�DW�3DUNZRRG�%DSWLVW�LQ�&RQFRUG�RQ�$SULO����DQG�)OLQW�+LOO�%DSWLVW�&KXUFK�LQ�6KHOE\�RQ�$SULO������3OHDVH��UHPHPEHU�WR�SUD\�IRU�WKHVH�\RXQJ�8QLRQ�%DSWLVW����UHSUHVHQWDWLYHV�DV�WKH\�FRQWLQXH�WR�SUHSDUH�WKHLU�KHDUWV�DQG�PLQGV�LQ�OHDUQLQJ�%LEOH�SDVVDJHV�DQG���%LEOH�VNLOOV���

$OO�GULOOHUV�OLVWHG�KDYH�OHDUQHG�%LEOH�VNLOOV�DQG�JDLQHG�NQRZOHGJH�WKDW�ZLOO�EHQHILW�WKHP�WKURXJKRXW�WKHLU�OLYHV���

$SSUHFLDWLRQ�LV�JLYHQ�WR�0UV��&RQQLH�5DSH��0RXQWDLQ�6SULQJV���WKH�$VVRFLDWLRQ�%LEOH�'ULOO����'LUHFWRU��VHUYLQJ�LQ�WKLV�UROH�IRU����\HDUV���

81,21�%$37,67�$662&,$7,21 32�%2;����

�����:LOOLDPV�5RDG 0RQURH�1&�������

ZZZ�XQLRQEDSWLVW�FRP 3KRQH������-���-�������������������������)D[������-���-���� (ULF�'��&RRN 'LUHFWRU�RI�0LVVLRQV +HQU\�0��)XQGHUEXUN 0LVVLRQ�&RRUGLQDWRU -RHO�/LFNOLWHU ,QWHULP�%LYRFDWLRQDO ���0LQLVWULHV�&RRUGLQDWRU -HDQ�.��5ROOLQV $GPLQLVWUDWLYH�$VVLVWDQW %HVVLH�6��%HQVRQ 6HFUHWDU\

&+85&+ )HEUXDU\ <HDU-WR-'DWH &+85&+ )HEUXDU\ <HDU-WR-'DWH $QWLRFK ������ ������ 2DN�*URYH ������ ������ $XVWLQ�*URYH ������ ������ 2DNODQG ������ ������ %HQWRQ�+HLJKWV ���� ���� 2OLYH�%UDQFK ���� ������ %HQWRQV�&URVV�5RDGV ������ ������ 3KLODGHOSKLD ������ �������� %HWKHO ������ ������ 3OHDVDQW�+LOO ������ ������ &DOYDU\ ���� �������� 3URYLGHQFH ���� ���� &HQWHUYLHZ ������ ������ 5RDQRNH ���� ���� &HQWUDO ���� ���� 6DQG\�5LGJH ������ ������ &KULVW ���� ���� 6DUGLV ������ �������� &RULQWK ������ ������ 6HFUHVW�*URYH ���� ���� &RYHQDQW ���� ���� 6KLORK ������ �������� (EHQH]HU ������ �������� 6LOYHU�6WDU�&RZER\�&KXUFK ������ ������ (O�%XHQ�3DVWRU ���� ������ 6ROLG�5RFN ����� ������ (OL]DEHWK�0LVVLRQDU\ ������ ������ 6RXWK�0RQURH�IRUPHUO\�6XQVHW�3N ���� ���� (PPDQXHO ������ ������ 7ULQLW\ ���� ������ (XWR �������� �������� 8QLRQ ���� �������� )DLUILHOG ���� ���� 8QLRQ�*URYH ���� ������ )DLWK ���� ���� :D[KDZ ���� �������� )DXONV ���� ������ :HGGLQJWRQ�)LUVW ������ �������� )HOORZVKLS ���� ������ :HVW��0RQURH ������ ������ )RUHVW�+LOOV ���� ������ :HVWHQG ���� ������ )RXQGDWLRQ�%DSWLVW� ���� ���� :LQJDWH ������ ������ )UHHGRP�%LNHU� ������ ������ )ULHQGO\ ���� ���� 7RWDO ���������� ���������� *UDFH3RLQWH ���� ���� +DPLOWRQ�&URVV�5RDGV ���� ���� +HUPRQ ������ �������� +RSHZHOO ���� �������� �'HQRWHV�0LVVLRQ�:DWFKFDUH�6WDWXV +RZLH ���� ���� ,JOHVLD�&DPLQR ������ ������ $FFRXQW�%DODQFHV�)HEUXDU\��������� ,QGLDQ�7UDLO�)LUVW �������� �������� 3HWW\�&DVK ������� ,QYLWDWLRQ ������ ������ %%7�&KHFNLQJ�$FFRXQW ����������

.LQJ�0HPRULDO ���� ���� �WK��UG�&KHFNLQJ�$FFRXQW ����������

.RUHDQ�*OREDO�0LVVLRQ ������ ������ 7RWDO ����������

/DNHYLHZ �������� �������� /DQHV�&UHHN ���� ���� /HH�3DUN ���� �������� /LIH3RLQW�0RQURH ���� ���� /RYH ���� ���� 0DFHGRQLD ������ ������ 0DUVKYLOOH-)LUVW ������ ������ 0DU\�(OL]DEHWK ���� ������ 0LGZD\ ���� �������� 0LOO�&UHHN ���� ���� 0RQURH-)LUVW ����� ����� 0RXQW�+DUPRQ\ ������ ������ 0RXQWDLQ�6SULQJV ������ �������� 0W��0RULDK ������ ������ 0W��2OLYH ���� ���� 0W��3OHDVDQW ������ �������� 0W��=LRQ ���� �������� 1HZ�&RYHQDQW�RI�,QG�7UDLO ���� ���� 1HZ�+RSH ���� ���� 1HZ�/LIH ���� ���� 1HZ�/LIH�%UD]LOLDQ ���� ���� 1HZ�6DOHP ���� ����

$�FRPSOHWH�ILQDQFLDO�VWDWHPHQW�LV�DYDLODEOH�XSRQ�UHTXHVW�

8QLRQ�%DSWLVW�$VVRFLDWLRQ 32�%R[���� 0RQURH��1&�������-���� (/(&7521,&�6(59,&(�5(48(67('

121-352),7�25*� 86�3267$*(�3$,' 3(50,7�12����� 02152(��1&

1DWLRQDO�'D\�RI�3UD\HU

7KXUVGD\�� 0D\���������

�������-������SP

&URVVLQJ�3DWKV�3DUN ����%O\WKH�5RDG ,QGLDQ�7UDLO��1&��

����� �QH[W�WR�,QGLDQ�7UDLO�7RZQ�+DOO�

��0D\���-���LV�%DSWLVW�$VVRFLDWLRQDO�(PSKDVLV�ZHHN�

2XU�0LVVLRQ 8QLRQ�%DSWLVW�$VVRFLDWLRQ�H[LVWV�WR�VXSSRUW�FRRSHUDWLQJ�FKXUFKHV�LQ�WKHLU�GLYLQHO\�DSSRLQWHG�WDVN�RI�IXOILOOLQJ�WKH�*UHDW�&RPPLVVLRQ���0DWWKHZ������-���

2XU�0LVVLRQ�6WUDWHJLHV 6WUHQJWKHQ�&KXUFKHV���HTXLSSLQJ�FKXUFKHV�VR�WKH\�FDQ�EH�PRUH�HIIHFWLYH�LQ�PLQLVWU\� 3URPRWH�0LVVLRQV���FUHDWH�PRUH�DZDUHQHVV�RI�DQG�H[SDQG�PLVVLRQ�RSSRU WXQLWLHV��DVVLVW�LQ�VWDUWLQJ�QHZ�FKXUFKHV� 'HYHORS�/HDGHUVKLS���WU DLQ�FKXUFK�OHDGHUV�LQ�DGPLQ�GLVFLSOHVKLS�VNLOOV��SDVWRUDO�PLQLVWU\��GHDFRQ�PLQLVWU\��FULVLV�DVVLVWDQFH�PLQLVWU\��FRQIOLFW�UHVROXWLRQ��DQG�SODQWLQJ�VNLOOV��VHUYDQW-OHDGHUVKLS 1XUWXUH�)HOORZVKLS���HQJDJLQJ�FKXUFK�OHDGHUV�DQG�PHPEHUV�WR�GHYHORS�SHUVRQDO���������UHODWLRQV 7KH�UROH�RI�WKH�DVVRFLDWLRQ�VKRXOG�EH�D�UHVRXUFLQJ�RUJDQL]DWLRQ��,Q�RWKHU�ZRUGV��WKH�UROH�RI�WKH�DVVRFLDWLRQ�LV�WR�DVVLVW�DQG�UHVRXUFH�WKH�*RG-JLYHQ�YLVLRQ�RI�WKH�FKXUFKHV�