themes from ascent of a leader

8
Individual Aptitude / Capacity Strong Personal Character Effective Spiritual Leader + = Attain individual potential Acquire title or position Develop my capacities Discover what I can do Discover my destiny Attain God-designed potential Pay the price Acquire positions that fit me Align with truth Develop my capacities in team Choose to be vulnerable What I can do w. God + others Trust God + others with me Discover my destiny Pay the price Align with truth Choose to be vulnerable Trust God + others with me Suffering / Maturity Obedience Submission Humility ENVIRONMENTS OF GRACE RELATIONSHIPS OF GRACE Themes from Ascent of a Leader Esther Coy | Curt Deming | Nathan Smith

Upload: nathan-smith

Post on 28-Jan-2015

107 views

Category:

Spiritual


2 download

DESCRIPTION

Overview of the book Ascent of a Leader. http://www.amazon.com/dp/0787947660?tag=sons-20

TRANSCRIPT

Individual Aptitude / Capacity Strong Personal Character Effective Spiritual Leader+ =

Attain individual potential

Acquire title or position

Develop my capacities

Discover what I can do

Discover my destiny

Attain God-designed potential

Pay the price

Acquire positions that fit me

Align with truth

Develop my capacities in team

Choose to be vulnerable

What I can do w. God + others

Trust God + others with me

Discover my destiny

Pay the price

Align with truth

Choose to be vulnerable

Trust God + others with me

Suffering / Maturity

Obedience

Submission

Humility

EN

VI

RO

NM

EN

TS

O

F

GR

AC

ER

EL

AT

IO

NS

HI

PS

O

F

GR

AC

E

Themes from Ascent of a LeaderEsther Coy | Curt Deming | Nathan Smith

!"#$%&'()"*)+&,-.'/+-0)+-"'1'2!!!22'3-450,6

"#$!%&'()!*+ !&#$!,-%&*.-/!$,0%&/$%!*+ !1!-2(!11!"03*&#)!,.*40($!-!5/03,%$!*+!

&#$ ! 6,*%&/$ ! 7-'/8% ! '2($.%&-2(025 ! -2( ! &$-9#025 ! .$5-.(025 ! %,0.0&'-/!

/$-($.%#0,:!12!&#0%!$%%-);!+*'.!<.*-(!*<%$.4-&0*2%!.$/-&04$!&*!7-'/=%!&$-9#025!

.$/-&04$ ! &* ! %,0.0&'-/ ! /$-($.%#0, !>0// !<$ ! 9*2%0($.$(: !"#$%$ ! -.$-% ! -.$; !"#$!

6,*%&/$!7-'/8%?

78 @.0&$.0-!+*.!%,0.0&'-/!/$-($.%#0,!-%!$40($29$(!02!&#$!,$.%*2-/!-(3*20&0*2%!&*!

A-2(!.$5-.(025B!"03*&#):

98 "$-9#025!.$5-.(025!&#$!/$-($.=%!&.$-&3$2&!*+ !&#*%$!02!#0%C#$.!9-.$:

:8 @*29$.2!+*.!+-/%$!(*9&.02$!$40($29$(!02!1!-2(!11!"03*&#):

;8 "$-9#025!.$5-.(025!>*3$2!02!3020%&.):

12!"#$%&'()*+','-.%/)01%21,34'+)01%2'$5)0'61)7%./;!D:!E%>-/(!F-2($.%!,.*40($%!

-2 ! -2-/)%0% ! *+ ! /$-($.%#0, ! 9.0&$.0- ! 02 ! 1 ! -2( ! 11 ! "03*&#) ! -% ! 0& ! .$/-&$% ! &*!

"03*&#)!,$.%*2-//):!F-2($.%!0($2&0+0$%!&#$!+*//*>025!(0.$9&04$%!7-'/!3-G$%!

02!,.$,-.025!"03*&#)!+*.!#0%!/$-($.%#0,!.*/$?

78 H0+&!.$9*520&0*2!A1!"03*&#)!I?JIB!K!"#$!/$-($.!.$9*520L$%!-2(!3-02&-02%!

#0%C#$.!50+&:!M$C%#$!0%!2*&!N9-.$/$%%N!.$/-&04$!&*!#0%C#$.!50+&$(2$%%!AOJPB:

98 H0+&!3-02&$2-29$!A11!"03*&#)!J?QRSB!K!"#$!/$-($.!3-02&-02%!#0%C#$.!50+&!

&#.*'5#! .$9*520&0*2!*+ ! &#$!2-&'.$ !*+ !H*(=% !50+&? ! /*4$; !,*>$. !-2( !%$/+R

9*2&.*/!.-&#$.!&#-2!&030(0&)!AOJPB:

:8 699*'2&-<0/0&)!A1!"03*&#)!Q?OTROJB!K!"#$!/$-($.!-99$,&%!.$%,*2%0<0/0&)!+*.!

&#*%$!>#*!-.$!$2&.'%&$(!&*!&#$!#0%C#$.!9-.$!AOJUB:

;8 V-9G!*+ !,-.&0-/0&)!A1!"03*&#)!W?OJB!K!&#$! /$-($.! 02&$.-9&%!>0&#!+*//*>$.%!

>0&#*'&!<0-%!*.!+-4*.0&0%3!AOJIB:

<8 7$.%*2-/!02&$5.0&)!A1!"03*&#)!Q?JURJWB!K!&#$!/$-($.!&-G$%!-9&04$!3$-%'.$%!&*!

$2%'.$ ! &#-& !H*(=% !,.0290,/$% ! -.$ !,.$%$.4$( ! 02 !#0%C#$. !,$.%*2-/ ! /0+$ ! -2(!

9*2('9&!AOJIB:

=8 "03$!3-2-5$3$2&!-2(!*,,*.&'20&)!.$9*520&0*2!A11!"03*&#)!I?J!ROB!K!&#$!

/$-($.!0%!-/$.&:!M-4025!-2!->-.$2$%%!*+ !&03$!9*2%&.-02&%;!&#$!<.$40&)!*+ !/0+$!

-2(!&#$!$302$2& !.$&'.2!*+ !@#.0%&; ! &#$! /$-($.!(0%90,/02$% !#03C#$.%$/+ ! &*!

.$9*520L$!-2(!&-G$!-(4-2&-5$!*+ !*,,*.&'20&0$%!+*.!>0&2$%%!-2(!%$.409$!-%!

&#$)!-.0%$!AOJWB:

12!1!"03*&#)!9#-,&$.!W;!7-'/!02%&.'9&%!&#$!/$-($.!#*>!&*!($-/!>0&#!&#*%$!

'2($.!#0%C#$.!9-.$:!62!$3,#-%0%!0%!3-($!*2!.$/-&0*2%#0,%:!E/($.!3$2!-2(!

>*3$2 ! -.$ ! &* ! <$ ! &.$-&$( ! -2( ! %,*G$2 ! &* ! /0G$ ! +-&#$.% ! -2( ! 3*&#$.%;!

.$%,$9&04$/):!X*'25$.!3$2!-2(!>*3$2!-.$!&*!<$!&.$-&$(!-2(!%,*G$2!&*!/0G$!

<.*&#$.% ! -2( ! %0%&$.%: ! "#$%$ ! 02%&.'9&0*2% ! -,,$-. ! &* ! <$ ! 2*.3-&04$:!

12%&.'9&0*2%!.$5-.(025!>0(*>%!-.$!2*&!2*.3-&04$Y!<'&;!>$.$!3-($!>0&#02!-!

9'/&'.-/ ! 9*2&$Z&: !"#$%$ !,-%%-5$% ! 0//'%&.-&$ !7-'/=% ! '2($.%&-2(025 ! &#-& ! &#$!

02(040('-/=%!@#.0%&0-2!+-0&#!0%!>*.G$(!*'&!>0&#02!9*33'20&):

6!,.03-.)!&#$3$!*+ !1!-2(!11!"03*&#)!0%!7-'/8%!9*29$.2!>0&#!+-/%$!(*9&.02$:!

"#-&!&#$!9#'.9#!-&![,#$%'%!>-%!,-.&09'/-./)!<'.($2$(!>0&#!&#0%!,.*</$3!0%!

$40($29$(!<)!7-'/=%!02%&.'9&0*2!&*!"03*&#)!&*!%&-)!02![,#$%'%!\%*!&#-&!)*'!

3-)!9*33-2(!9$.&-02!3$2!2*&!&*!&$-9#!+-/%$!(*9&.02$%!-2)!/*25$.]!A1!"03:!

J?UB:!65-02!#$!%&-&$%?!\1+ !-2)*2$!&$-9#$%!+-/%$!(*9&.02$%!-2(!(*$%!2*&!-5.$$!

&*!&#$!%*'2(!02%&.'9&0*2!*+ !*'.!V*.(!D$%'%!@#.0%&!-2(!&*!5*(/)!&$-9#025;!#$!

0%!9*29$0&$(!-2(!'2($.%&-2(%!2*&#025]!A1!"03:!Q?U!!!IB:

[5-/0&-.0-2 ! $4-25$/09-/% ! %'55$%& ! &#-& ! &#$ ! &#.$-& ! *+ ! #$.$&09-/ ! &$-9#025 ! -&!

[,#$%'%!0%!9$2&.-/!&*!7-'/=%!,.*#0<0&04$!-(3*20&0*2%!.$/-&04$!&*!>*3$2!02!

&#$ ! 9#'.9#: ! 1 ! "03*&#) ! O ! #-% ! <$$2 ! - ! %*'.9$ ! *+ ! 9*2&$2&0*2 ! <$&>$$2!

$4-25$/09-/ ! 9*3,/$3$2&-.0-2% ! -2( ! $5-/0&-.0-2%: ! @*3,/$3$2&-.0-2!

$4-25$/09-/% ! #*/( ! 1 ! "03*&#) ! O?JJRJW ! -% ! 2*.3-&04$; ! &-G025 ! &#$ ! [25/0%#!

&.-2%/-&0*2!-&!+-9$!4-/'$?

8)9:&%$)34:./2)/1%,$)'$);.'1-$133)%$2)<.//)3.=&'33':$>)?)2:)$:-)+1,&'-)%)9:&%$)-: )

-1%(4):,)-:)4%@1)%.-4:,'-#):@1,)%)&%$A)341)&.3-)=1)3'/1$->)B:,)82%&)9%3)<:,&12)<',3-C)

-41$)D@1>)8$2)82%&)9%3)$:-)-41):$1)21(1'@12A)'-)9%3)-41)9:&%$)94:)9%3)21(1'@12)%$2)

=1(%&1)%)3'$$1,>)E.-)9:&1$)9'//)=1)3%@12)-4,:.54)(4'/2=1%,'$5)F)'< )-41#)(:$-'$.1)'$ )

<%'-4C)/:@1)%$2)4:/'$133)9'-4)+,:+,'1-#>

12!/05#&!*+ !7-'/8%!&$-9#025!02!1!@*.02&#0-2%!JJ?W!&#-&?!\$4$.)!>*3-2!>#*!

,.-)% !*. !,.*,#$%0$% !>0&# !#$. !#$-( !'29*4$.$(:::] ! $5-/0&-.0-2 ! $4-25$/09-/%!

9*2%0($.!1!"03*&#)!O?JJRJW!&*!<$!-!9'/&'.-//)R%,$90+09!9*2%&.-02&!>0&#02!&#$!

,-.&09'/-.![,#$%0-2!-2(!^*3-2!9*2&$Z&%:!"#$.$+*.$;!&#$!.$%&.09&0*2!0%!2*&!

,$.9$04$(!&*!<$!2*.3-&04$:!6!2'3<$.!*+ !.$%*'.9$%!-((.$%%!&#$!9'/&'.-//)!

%,$90+09!9*2(0&0*2%!9*29$.2025![,#$%0-2!>*3$2:!_.:!`$2!a0&#$.025&*2!111!

#-% !>.0&&$2!- !2'3<$. !*+ !<**G%!*2! &#$! 0%%'$!b !01--1,3 ) %$2)G:&'/'13 ) <:,)

G1//1$'H12 ) I4,'3-'%$3! 0% ! $%,$90-//) ! 9*3,$//025: ! 12 ! #0% !>*.G !J41 )01--1,3 ) -:)

J'&:-4#)%$2)J'-.3C!7#0/0,!"*>2%$2(!-/%*!*++$.%!-!5/03,%$!02&*!^*3-2!-2(!

[,#$%0-2!9'/&'.$%;!+'.&#$.!0//'302-&025!&#0%!(0++09'/&!,-%%-5$:

12&$.,.$&-&0*2!*+ !&#$!/-25'-5$!7-'/!'%$%!02!1!"03*&#)!O?JO!b!N1!(*!2*&!

,$.30&!-!>*3-2!&*!&$-9#!*.!#-4$!-'&#*.0&)!*4$.!-!3-2cN!b!0%!9$2&.-/!&*!

&#$ !*25*025 !($<-&$ ! %'..*'2(025 ! &#$ !*.(02-&0*2 !*+ !>*3$2: !_.: !^*<$.&!

d'/#*//-2(!%'55$%&%!&#$!,*/-.0L-&0*2!&#-&!9'..$2&/)!$Z0%&%!.$5-.(025!>*3$2!

02 ! &#$ ! 9#'.9# ! .$4*/4$% ! -.*'2( ! &#$ ! >*.(% ! \3-2] ! -2( ! N#'%<-2(:]!

d'/#*//-2(!e'-/0+0$%!&#$!%$$3025/)!'204$.%-/!/-25'-5$!*+ !1!"03*&#)!O?!JO!

-2(!<.025%!9*#$%0*2!&*!&#$!H$2$%0%!-//'%0*2!&#-&!0%!2*&!.$-(0/)!$40($2&!&*!

&#$!-4$.-5$!&>$2&)R+0.%&!9$2&'.)!63$.09-2!.$-($.:!"#$!+*//*>025!&*'9#$%!

*2!&#$!9*3,/$Z0&)!*+ !&#$!,-%%-5$%?

J41 ) <%'/.,1 ) -: ) 2'3(1,$ ) -4131 ) -9: ) @1,# ) 2'<<1,1$- ) %$2 ) 2'3-'$(- ) <,%&13 ) :< ) ,1<1,1$(1 ) '$)

2'3(.33'$5)-41),:/13)%$2),1/%-':$34'+3):< )9:&1$)%$2)&1$)'3)-41)+,'&%,#)(%.31):< )-41 )

%++%,1$- )2'3(,1+%$(# ) '$ ) -41 ) ='=/'(%/ )9'-$133 )%$2 ) -41 )&%K:, ) (:$-,'=.-:, ) -: ) -41 ):<-1$ )

+:/%,'H12)21=%-1):@1,)-41),:/1):< )9:&1$)'$)-41)(4.,(4>)J:)%++/#)7%./L3)@'19):< )9:&1$ )

@'3MNM@'3)&1$)-:)-41)&%,,'%51),1/%-':$34'+)3.=@1,-3)7%./L3).$21,3-%$2'$5):< )-41)2#$%&'( )

:< )&%,,'%51>)J:)%++/#)7%./L3)@'19):< )9'@13)@'3MNM@'3)4.3=%$23)-:)-41),:/13):< )9:&1$)

%$2)&1$)'$)-41)(4.,(4)/'619'31)3.=@1,-3)7%./L3).$21,3-%$2'$5):< )-41)$19)(:&&.$'-#)'$ )

I4,'3->)F)>5#+?)@!a*3$2!-2(!d$2?!a04$%!-2(!M'%<-2(%

f*/'3$%!#-4$!<$$2!>.0&&$2!9*29$.2025!&#$! 02&$.,.$&-&0*2!*+ !1 !"03*&#)!

O?JJRJW:!X$&;!>#-&!0%!&#$!%0520+09-29$!*+ !\5$&&025!0&!>.*25g]

"#$ ! h20&$( ! d$&#*(0%& ! @#'.9# ! 0% ! -3*25 ! &#*%$ ! ($2*302-&0*2% ! &#-&!

-(4*9-&$!&#$!*.(02-&0*2!*+ !>*3$2:!"#$!7.$%<)&$.0-2!@#'.9#!*+ !63$.09-!0%!

-3*25!&#*%$!&#-&!(*!2*&:!E2$!.$%'/&!*+ !2*&!'2($.%&-2(025!7-'/=%!&$-9#025!

9*..$9&/) ! 0% ! &#-& ! .*'5#/) !#-/+ !*+ ! &#$ !@#.0%&0-2 !,*,'/-&0*2 ! 0% ! %0/$29$( ! 0+!

>*3$2!-.$!2*&!,$.30&&$(!&*!%,$-G!*.!&$-9#:!"#$!%*90$&-/!.$,$.9'%%0*2%!-.$!

/$%%!*<40*'%:!H*(=%!02&$2($(!<-/-29$!0%!'2($.302$(!>#$2!&#$!#0$.-.9#09-/!

3*($/!0%!,.$+$..$(!*4$.!&#$!3'&'-/0&)!<$+*.$!H*(!3*($/:

12!#$.!$%%-)!b!O++:3'-1)*1P13):,)Q1'54=:,'$5)*1P13R)S4%-)":)-41)*:('%/)*('1$(13 )

T1%//# )J1// )U3R! b!d-.) !F&$>-.& !f-2!V$$'>$2!(0%9'%%$% ! &#$ !9*..$/-&0*2!

<$&>$$2! &#$ !#0$.-.9#09-/ !'2($.%&-2(025 !*+ !3-/$!-2(! +$3-/$ ! .*/$% ! A3-/$!

#$-(%#0,!0($*/*5)B!-2(!4-.0*'%!+*.3%!*+ !40*/$29$!A(*3$%&09;!%$Z'-/!-<'%$B:!

F#$!90&$%!_*'5/-%!V$`/-29?

*:&1):< )-41)9:,3-)<%-41,3)%$2)4.3=%$23)%,1)&1$)94:)%,1)$:&'$%/)1@%$51/'(%/3>)J4131)

%,1)&1$)94:>>>),%,1/#)2%,61$)-41)2::,):< )%)(4.,(4>)J41#)4%@1V)-41)4'5413-),%-13):< )

2:&13-'()@':/1$(1):< )%$#)5,:.+)'$)-41)U$'-12)*-%-13>)J41#)%/3:)4%@1)4'54)2'@:,(1),%-13> )

E.-)1@%$51/'(%/)%$2)&%'$/'$1)7,:-13-%$-)&1$)94:)%--1$2)(4.,(4),15./%,/#)%,1V)&.(4)

/133)/'61/#)-:)2'@:,(1)-4%$)&%,,'12)&1$)94:)2:)$:-)%--1$2)(4.,(4),15./%,/#>

>5#+?)@)\6++$9&0*2-&$!7-&.0-.9#%?!62!12&$.40$>!>0&#!a:!`.-(+*.(!a0/9*Z]!

b!@#.0%&0-20&)!"*(-)!Ii;!2*!i!A6'5'%&!OTTIB?!IIRIQ:

3,)4)&'<,:&'A&?)B0'!'3)"?,-BC&':< )!"#$

J41 )83(1$- ) :< )8 )01%21,W )G:9 )O,2'$%,# )T1/%-':$34'+3 )"1@1/:+ )DP-,%:,2'$%,# )

I4%,%(-1,)%$2)?$</.1$(1! -2-/)%$%!&#$!(0++$.$29$%!<$&>$$2!&#$!9-,-90&)!3*($/!

*+ !#'3-2!02&$.-9&0*2!>0&#!-!9#-.-9&$.!3*($/:!`*&#!3*($/%!-.$!0//'%&.-&$(!

<)!-!/-(($.:!`*.($.$(!<)!.-0/%!*+ !$240.*23$2&!-2(!.$/-&0*2%#0,;!&#$!.'25%!

*+ !&#$!9-,-90&)!/-(($.!9*2%0%&!*+?

78 F$/+ !(0%9*4$.):

98 F$/+ !($4$/*,3$2&:

:8 F$/+ !,.*3*&0*2:

;8 F$/+ !.$-/0L-&0*2:

`)!9*2&.-%&;!&#$!9#-.-9&$.!/-(($.!0%!<*.($.$(!<)!&#$!$240.*23$2&!*+ !5.-9$!

-2(!&#$!.$/-&0*2%#0,!*+ !5.-9$:!"#$!.'25%!*2!&#0%!/-(($.!-.$!0($2&0+0$(!-%?

78 ".'%&025!H*(!>0&#C+*.!3)%$/+ !-2(!*&#$.%:

98 _0%9*4$.025!>#-&!1!9-2!(*!>0&#!H*(!-2(!*&#$.%:

:8 @#**%025!4'/2$.-<0/0&):

;8 _$4$/*,025!&$-3!9-,-90&):

<8 6/052025!>0&#!&.'&#:

=8 69e'0.025!,*%0&0*2%!*+ !-'&#$2&090&)!b!3-&9#025!>#*!1!-3:

D8 7-)025!&#$!,.09$!+*.!%'99$%%!&#.*'5#!.$/-&0*2%#0,:

E8 6&&-02025!H*(R($%052$(!,*&$2&0-/:

F8 _0%9*4$.025!'20e'$!($%&02)!b!+020%#025!>$//:

7.0*.!&*!#0%!9*24$.%0*2;!7-'/!>-%!>$//!*2!#0%!>-)!',!&#$!9-,-90&)!/-(($.:!12!

7#0/0,,0-2%!U?IRS!7-'/!>.0&$%?

?< )%$#):-41,)&%$)-4'$63)-4%-)41)4%-4)941,1:< )41)&'54-)-,.3-) '$)-41)</134C)?)&:,1W)

I',(.&('312)-41)1'54-4)2%#C):< )-41)3-:(6):< )?3,%1/C):< )-41)-,'=1):< )E1$K%&'$C)%$)G1=,19)

:< )-41)G1=,193A)%3)-:.(4'$5)-41)/%9C)%)74%,'311A)(:$(1,$'$5)H1%/C)+1,31(.-'$5)-41)(4.,(4A )

-:.(4'$5)-41),'54-1:.3$133)94'(4)'3)'$)-41)/%9C)=/%&1/133>)E.-)94%-)-4'$53)91,1)5%'$)-: )

&1C)-4:31)?)(:.$-12)/:33)<:,)I4,'3->

7-'/!.$9*520L$(!&#-&!%*90$&-/!4-/'$%!9*'/(!2*&!<$!'&0/0L$(!&*!3$-%'.$!#0%!

$++$9&04$2$%%:!"#$!%0520+09-29$!*+ !#0%!/0+$!A/0G$!*'.%B!9*'/(C>*'/(!*2/)!<$!

3$-%'.$(!<)!&#$!,/'3<!/02$!*+ !@#.0%&=%!j'(53$2&:

F$4$.-/!&#$3$%!9$2&.-/!&*!"#$!6%9$2&!*+ !-!V$-($.!-.$!%$$2!02!&#$!7-'/02$!

$,0%&/$%:!6!2'3<$.!*+ !&#$%$!%030/-.0&0$%!>0//!<$!(0%9'%%$(:

J41)83(1$-):< )%)01%21,! >-%!>.0&&$2!-%!-! /$-($.%#0,!($4$/*,3$2& !&**/ !+*.!

$4$.)*2$!>#*!02+/'$29$%!-2)*2$!b!>#09#!0%!$4$.)*2$!AZ00B:!7-'/8%!/$&&$.%!

>$.$!>.0&&$2!&*!%,$90+09!9#'.9#$%!*.!,$*,/$:!1&!>-%!'2($.%&**(;!#*>$4$.;!

&#-&!&#$!/$&&$.%!>*'/(!<$!(0%&.0<'&$(!&#.*'5#*'&!&#$!9#'.9#;!2*&!'2/0G$!-!

,'</090L$(!*,$2!/$&&$.!&*(-):!12!-((0&0*2;!-%!1!@*.02&#0-2%!J?OQRUT!,*02&%!

*'&;!&#$!9-//!*+ !@#.0%&!.$-9#$%!&*!&#$!3-.502-/0L$(:!H*(8%!9-//!0%!029/'%04$?!

\k*& ! 3-2) ! *+ ! )*' ! >$.$ ! >0%$ ! <) ! #'3-2 ! %&-2(-.(%Y ! 2*& ! 3-2) ! >$.$!

02+/'$2&0-/Y !2*& !3-2) !>$.$ !*+ !2*</$ !<0.&#: !`'& !H*(! 9#*%$ ! &#$ ! +**/0%#!

&#025%!*+ !&#$!>*./(!&*!%#-3$!&#$!>0%$Y!H*(!9#*%$!&#$!>$-G!&#025%!*+ !&#$!

>*./(!&*!%#-3$!&#$!%&.*25:::]!A1!@*.:!J?OQ<!!!OS!k1fB:

l*'2(-&0*2-/!&*!&#$!'2($.%&-2(025!-2(!'&0/0L-&0*2!*+ !&#$!9#-.-9&$.!/-(($.!

3*($/!0%!-!.05#&!'2($.%&-2(025!*+ !H*(!AQiB:![Z,/090&!&.'%&C-<-2(*23$2&!

9-22*&!&-G$!,/-9$!0+ !H*(!0%!03,$.%*2-/:!1+;!#*>$4$.;!H*(!0%!,$.%*2-/!-2(!0%!

9*330&&$(!&*!%$/+ !(0%9/*%'.$!&*!#0%!,$*,/$;!&#$.$!0%!*,,*.&'20&)!+*.!&.'%&025!

.$/-&0*2%#0,:!7-'/!&$-9#$%!&#-&!H*(!0%!,$.%*2-/!-2(!&-G$%!-!,$.%*2-/!02&$.$%&!

02!#0%!,$*,/$:!"#.$$!$Z-3,/$%!A*+ !&#$!3-2)B!.$+/$9&!7-'/8%!'2($.%&-2(025!*+!

>#-& !H*( ! 02&$2(% ! +*. !#0% !,$*,/$? ! \[)$ !#-&# !2*& ! %$$2; !2*. ! $-. !#$-.(;!

2$0&#$.!#-4$!$2&$.$(!02&*!&#$!#$-.&!*+ !3-2;!&#$!&#025%!>#09#!H*(!#-&#!

,.$,-.$(!+*.!&#$3!>#*!/*4$!#03]!A1!@*.:!O?O!K!i!mDfB:!\l*.!1!-3!2*&!

-%#-3$(!*+ !&#$!5*%,$/!*+ !@#.0%&Y!+*.!0&!0%!&#$!,*>$.!*+ !H*(!'2&*!%-/4-&0*2!

&*!$4$.)*2$!&#-&!<$/0$4$&#Y!&*!&#$!D$>!+0.%&;!-2(!-/%*!&*!&#$!H.$$G]!A^*3!

J?JQ!mDfBY!\`'&!H*(!9*33$2($&#!#0%!/*4$!&*>-.(!'%!02!&#-&;!>#0/$!>$!

>$.$!)$&!%022$.%;!@#.0%&!(0$(!+*.!'%]!A^*3:!W?i!mDfB:

E&#$.!,$*,/$!3-&&$.:!6%9$2&!0%!.$,/$&$!>0&#!$Z-3,/$%!*+ !,$*,/$!02&$.-9&025!

>0&# ! *&#$. ! ,$*,/$: ! "#0% ! /$-(% ! &* ! &#$ ! &#$3$ ! *+ ! 4'/2$.-<0/0&): ! H*(8%!

,/-9$3$2&!-2(!'%$!*+ !a0//0-3!a0/<$.+*.9$!&*!-<*/0%#!&#$!%/-4$!&.-($! 02!

[25/-2(!ASi !!! SPB!,.*40($%!-2!$Z9$//$2&!$Z-3,/$!*+ !#*>!H*(!'%$%!&#$!

9*'2%$/!*+ !*&#$.%!>0&#02!9*33'20&)!&*!-%%0%&!#0%!,$*,/$!02!G2*>025!&#$0.!

-.$-%!*+ !%$.409$:!a0/<$.+*.9$;!>#*!%$2%$(!-2!029/02-&0*2!&*!&#$!3020%&.);!

>-%!9*'2%$/$(!<)!D*#2!k$>&*2!&*!%&-)!02!,*/0&09%:

7-'/!>.*&$?!\V**G!2*&!$4$.)!3-2!*2!#0%!*>2!&#025%;!<'&!$4$.)!3-2!-/%*!*2!

&#$!&#025%!*+ !*&#$.%]!A7#0/:!O?IB:!12!1!"03*&#)!W;!7-'/!02%&.'9&%!"03*&#)?!

\^$<'G$!2*&!-2!$/($.;!<'&!$Z#*.&!#03!-%!-!+-&#$.Y!-2(!&#$!)*'25$.!3$2;!-%!

<.*&#$.%; ! &#$ !$/($. !>*3$2; !-% !3*&#$.%; ! &#$ !)*'25$.; !-% ! %0%&$.%; !>0&#!-//!

,'.0&):]!12!1!@*.02&#0-2%!JO?JORUJ!7-'/!&$-9#$%!&#-&!&#$!9#'.9#!0%!&#$!<*()!

*+ !@#.0%&: ![-9#!3$3<$.!#-% !- !%,$90+09 ! .*/$: !"#*'5#!2*&!90&025!d-.402!

E/-%G)8%!*<%$.4-&0*2!02!#0%!JPPO!J41)J,%512#):< )8&1,'(%$)I:&+%33':$;!"#.-//!

$&!-/:!>*'/(!9*29'.!>0&#!E/-%G)8%!9*33$2&!&#-&?

J41)&%K:,)</%9):< )-41)&:21,$)91/<%,1)3-%-1)'3)$:-)-4%-)'-)'3)1P-,%@%5%$-)9'-4)&:$1#C)=.-)

-4%-)'-)'3)3-'$5#)9'-4)-41)41/+)-4%-):$/#)%)+1,3:$)(%$)5'@1W)/:@1C)-'&1C)(%,1C)%$2)4:+1> )

X:3-):< ):.,)YZ-4) I1$-.,#)3(41&13C)=%312):$)3:&1:$1)1/31 )-%6'$5)%(-':$C)4%@1)=11$ )

+,:@1$)<%'/.,13>)?-)'3)-'&1)-:)/1%,$)<,:&)-41)9%,&)41%,-3)%$2)4%,2)41%23):< )1%,/'1, )

(4%,'-%=/1)1<<:,-3>

12 ! 9#-,&$. ! %$4$2; ! &#$ ! -'&#*.% !(0%9'%% ! -/0523$2& !>0&# ! &.'&#: !a0&#02 ! &#$!

9#-,&$.!0%!-!%$9&0*2!($-/025!>0&#!&#$!\+/-3$!*+ !5/*.)]!%)2(.*3$!AJTWB:!"#$!

-'&#*.% ! 02(09-&$ ! &#-& ! %*3$ !,$*,/$ !>#$2 ! -%9$2(025 ! &#$ ! 9-,-90&) ! /-(($.!

9*3$!&*!- !,*02&!>#$.$! &#$)!<$/0$4$! &#$)!-.$! &.-,,$(:!"#$)!9-2!9#-25$!

2$0&#$.!&#$0.!90.9'3%&-29$%!2*.!&#$3%$/4$%!AJTQB:!"#$!-'&#*.%!90&$!d:![:!

n033$.3-2?

*'$(1)<:,)4'&)-41,1)'3)$:)31$31)-4%-)41)=1/:$53)-:)+%3-):,)<.-.,1C)-'&1)=1(:&13)%)31,'13):<)

$:9M&:&1$-3)94'(4)&.3-)=1)<'//12)9'-4)+/1%3.,%=/1)2'3-,%(-':$3V)=:.$2)-:)-41)+,131$-C )

41)'3)$:-)3%-'3<'12)9'-4)94%-)'-):<<1,3V)1/1(-3)-:),1&%'$)/:(612)'$)4'3):9$)15:>)AJTQB

@*3,-.$!&#-&!>0&#!7-'/!>#*!&$-9#$%?!\"#0%!*2$!&#025!1!(*;!+*.5$&&025!&#*%$!

&#025%!>#09#!-.$!<$#02(;!-2(!.$-9#025!+*.&#!'2&*!&#*%$!&#025%!>#09#!-.$!

<$+*.$;!1!,.$%%!&*>-.(!&#$!3-.G!+*.!&#$!,.0L$!*+ !&#$!#05#!9-//025!*+ !H*(!02!

@#.0%& ! D$%'%]! A7#0/: !U?JU !!! JIB !b!-2(!-5-02? !\l*. !*'. ! /05#& !-++/09&0*2;!

>#09#!0%!<'&!+*.!-!3*3$2&;!>*.G%!+*.!'%!-!+-.!3*.$!$Z9$$(025!-2(!$&$.2-/!

>$05#&!*+ !5/*.)]!A11!@*.:!I?JS!mDfB:

M*>!9*3,$//025!&#$!+.$$(*3!&#-&!&-G$%!&#$!-%9$2($.!+.*3!&#$!\+/-3$!*+!

5/*.)]!&*!&#$!\>$05#&!*+ !5/*.):]!"#$!-'&#*.%!*+ !6%9$2&!.$302(!'%!&#-&!&#$!

(0++$.$29$ !<$&>$$2! &#$ ! +/-3$!*+ !5/*.) ! -2( ! &#$ !>$05#& !*+ ! 5/*.) ! /0$% ! 02!

9*33'20&)!AJTiB:!@:!F:!V$>0%8!JPIO!%$.3*2!J41)S1'54-):< )[/:,#;!.$302(%!'%!

*+ !&#$!$&$.2-/!2-&'.$!*+ !&#*%$!>0&#!>#*3!>$!02&$.-9&?

8// )2%# ) /:$5 )91 )%,1C ) '$ ) 3:&1 ) 215,11C ) 41/+'$5 ) 1%(4 ) :-41, ) -: ) :$1 ) :, ) :-41, ) :< ) -4131)

213-'$%-':$3>)?-)'3)'$)/'54-):< )-4131):@1,941/&'$5)+:33'='/'-'13C)'-)'3)9'-4)-41)%91)%$2)-41 )

(',(.&3+1(-':$ ) +,:+1, ) -: ) -41&C ) -4%- ) 91 ) 34:./2 ) (:$2.(- ) %// ) :., ) 21%/'$53 ) 9'-4 ) :$1)

%$:-41,V)J41,1)%,1)$:):,2'$%,#)+1:+/1V)Q1P-)-:)-41)E/13312)*%(,%&1$-)'-31/<C)#:.,)

$1'54=:,)'3)-41)4:/'13-):=K1(-)+,131$-12)-:)#:.,)31$313>)?< )41)'3)#:.,)I4,'3-'%$)$1'54=:,)41 )

'3)4:/#)'$)%/&:3-)-41)3%&1)9%#C)<:,)'$)4'&)%/3:)I4,'3-V)'3)-,./#)4'221$!APB:

12!&#$!+02-/!9#-,&$.!*+ !J41)83(1$-):< )%)01%21,! &#$!-'&#*.%!-((.$%%!3-G025!

9#*09$%!&#-&!.$%'/&!02!<$9*3025!-!/$-($.!*&#$.%!>0%#!&*!+*//*>!AJQSB:!65-02;!

9*33'20&)!0%!$3,#-%0L$(:!"#$!9#-//$25$!*+ !<.$-&#025!/0+$!02&*!9#'.9#$%;!

*++09$%;!9*33'20&0$%!AJSPB!0%!-((.$%%$(!&#.*'5#!.$/-&0*2%#0,!($4$/*,3$2&!

AJSWB; ! &03$!9*330&3$2&! AJSSB !-2(!,.*</$3!%*/4025! AJSSB: !"#$!-'&#*.%8!

+02-/ !,-.-5.-,#! 0% !9*3,$//025? !\"#$!-%9$2& !*+ !- ! /$-($. !<$502% !>0&# ! &#$!

9#*09$%!>$!3-G$!-<*'&!>#09#!>-//%!&*!9/03<!-2(!#*>!&*!'%$!&#$!/-(($.%:!

a$!2$$(!&*!/**G!2*!+'.&#$.!&#-2!&#$!*.(02-.)!.$/-&0*2%#0,%!-.*'2(!'%c]!

AJiJB:!7-'/8%!&$-9#025!0%!e'0&$!%030/-.?!\l*.!2*>!>$!%$$!02!-!5/-%%!(-.G/)Y!<'&!

&#$2;!+-9$!&*!+-9$Y!2*>!1!G2*>!02!,-.&;!<'&!&#$2!%#-//!1!G2*>!$4$2!-%!-/%*!1!

-3!G2*>2:!62(!2*>!-<0($&#!+-0&#;!#*,$;!/*4$;!&#$%$!&#.$$Y!<'&!&#$!5.$-&$%&!

*+ !&#$%$!0%!/*4$]!A1!@*.:!JU?!JORJU!mDfB:

A'()"*)+%&'>5#+?)&':< )!5G)+

JS&#!@$2&'.)!-<%*/'&0%&!3*2-.9#%!9/-03$(!40-!\(0402$!.05#&!*+ !G025%]!&#-&!

&#$0.!-'&#*.0&)!>-%!024$%&$(!<)!H*(!-2(!&#$.$+*.$;!.$<$//0*2!-5-02%&!&#$3!

9*2%&0&'&$( ! .$<$//0*2 ! -5-02%& !H*(: ![2/05#&$23$2& !,#0/*%*,#$.%; ! %'9# !-%!

D*#2 ! V*9G$ ! 02 ! #0% !*1(:$2 ) J,1%-'31 ) :$ ) I'@'/ ) [:@1,$&1$-! -2( ! D$-2RD-9e'$%!

^*'%%$-'!02!#0%!*:('%/)I:$-,%(-;!9#-//$25$(!&#$!2*&0*2!*+ !(0402$/)!02%&0&'&$(!

-'&#*.0&)!-2(!9/-03$(!&#-&!5*4$.23$2&%!-.$!/$50&030L$(!<)!&#$!9*2%$2&!*+!

&#$!5*4$.2$(: !"#*3-%!D$++$.%*2!>-%!- !9#0/( !*+ ! &#$![2/05#&$23$2&!-2(!

>.*&$!0&%!,.0290,/$%!02&*!*'.!_$9/-.-&0*2!*+ !12($,$2($29$;!9/-03025!&#-&!

\5*4$.23$2&%!-.$!02%&0&'&$(!-3*25!3$2]!&*!,.*&$9&!*'.!.05#&%:!D$++$.%*2!

-/%*!9/-03$(!&#-&!\.$<$//0*2!&*!&).-2&%!0%!*<$(0$29$!&*!H*(:]

a#0/$!V*9G$;!^*'%%$-';!-2(!D$++$.%*2!>*2!&#$!(-)!b!&#$0.!0($-%!-.$!3'9#!

3*.$!-,,$-/025!&*!OJ%&!9$2&'.)!63$.09-2%!b!&#$!`0</$!%$$3%!&*!/$2(!3*.$!

%',,*.&!&*!D-3$%!1!-2(!#0%!0/G?!\"#$.$!0%!2*!,*>$.!<'&!*+ !H*(Y!&#$!,*>$.%!

&#-& !<$!-.$!*.(-02$(!<)!H*(]!A^*3-2%!JU?JB: !X$&! 0& ! 0% ! 03,*%%0</$! A-2(!

'%'-//)!2*&!($%0.-</$B!&*!&'.2!<-9G!&#$!9/*9G:!d*($.2!9#'.9#!/$-($.%!>0//!

9$.&-02/)!2$$(!&#$!9*2%$2&!*+ !&#*%$!&#$)!/$-(!02!*.($.!&*!$Z$.90%$!,*>$.:!6!

/$-($.!>#*!.$%*.&%!&*!\,'//025!.-2G]!02!*.($.!&*!$Z$.&!,*>$.!'%'-//)!(*$%!%*!

*'&!*+ !02%$9'.0&);!-2(!-&!&#$!$Z,$2%$!*+ !3*.-/!-'&#*.0&)!-2(!02+/'$29$:

\F,0.0&'-/ ! ,*>$. !#-% ! 0&% ! %*'.9$ ! 02 !H*(] ! A[//0%&*2 !WJB: !M*>$4$.; ! F-&-2!

*++$.%!9*'2&$.+$0&!,*>$.!>#09#!0%!/030&$(!-2(!($%&.'9&04$!-2(!*+&$2!.$4$-/%!

0&%$/+ !-%!%$/+0%#;!($9$,&04$!-2(!03,-&0$2&!A[//0%*2!WJB:!^$9*520L025!&#-&!>$!

'/&03-&$/)!.$,*.&!&*!&#$!\-'(0$29$!*+ !*2$]!AH'022$%%!SJB!>0//!#$/,!'%!%&-)!

+*9'%$(!*2!&#$!0($-!&#-&!H*(!0%!&#$!*.0502-/!%*'.9$!*+ !,*>$.;!-2(!>$!-.$!-//!

-99*'2&-</$ ! &* !#03: !X$& !#'3-2!-5$2&% !-2(! 02%&0&'&0*2% !*+&$2! .$9*520L$!

H*(R504$2!50+&%!&#.*'5#!*.(02-&0*2!-2(!*&#$.!3$-2%!*+ !-//*9-&025!,*>$.!

A[//0%&*2!WUB:!m$$,025!*'.!$)$%!*2!&#$!$Z-3,/$!*+ !D$%'%;!>#*!#-(!-<%*/'&$!

,*>$.!<'&!3*($/$(!%'<30%%0*2;!>0//!-//*>!'%!&*!9*2&02'$!&*!'%$!*'.!50+&%!

-2(!5$2&/)!$Z$.90%$!&#$!-'&#*.0&)!&#-&!#-%!<$$2!($/$5-&$(!<)!H*(:

AB'HII)?0-J)'()"*)+%&'K&)':< )!5G)+

6!@#.0%&0-2!/$-($.;!>#*!0%!/$50&03-&$/)!02!-!H*(R504$2!,*%0&0*2!*+ !-'&#*.0&)!

-2(!02+/'$29$;!3'%&!$Z$.90%$!9-.$!&*!-4*0(!&#$!&$3,&-&0*2%!&#-&!-99*3,-2)!

,*>$.!A[25%&.*3!JTTB:!6!/$-($.!%#*'/(!'%$!#0%!*.!#$.!,*>$.!-,,.*,.0-&$/)!

&*!,/-2;!*.5-20L$;!3*&04-&$!-2(!9*2&.*/!A[25%&.*3!JUSB:!6!>0%$!/$-($.!>0//!

/$-.2 ! &* ! %#-.$ !,*>$. ! -2( !3'/&0,/) ! 02+/'$29$ ! &#.*'5# !9-.$+'/ !($/$5-&025!

A[25%&.*3!JQWB:!6!@#.0%&0-2!/$-($.!#-%!-!('&)!&*!,.*3*&$!$Z9$//$29$!02!-2!

*.5-20L-&0*2; !$%,$90-//)! 02!&#$!-.$-!*+ ! 02&$5.0&)!A[25%&.*3!JiPB:![//0%&*2!

(0%&025'0%#$%!&#.$$!&),$%!*+ !,*>$.?!,#)%09-/;!%*90-/!-2(!%,0.0&'-/!A[//0%&*2!

WTB:!1!.$9*33$2(!&.)025!&*!-4*0(!%0&'-&0*2%!>#$.$!>$!>0//!<$!&$3,&$(!&*!

.$%*.&!&*!,#)%09-/!,*>$.:!F029$!d-9#0-4$//0;!%*90-/!,*>$.!#-%!<$$2!(040($(!

02&*!&>*!9-&$5*.0$%? !+$-. !-2(! /*4$! A[//0%&*2!WTB: !6!%*'.9$!-%!'2/0G$/) !-%!

k-,*/$*2!%#*>%!'%!&#$!>-)!&*!'%$!,*>$.!-,,.*,.0-&$/)?

8/1P%$21,C)I%13%,C)I4%,/1&%5$1)%$2)?)&#31/< )4%@1)<:.$212)1&+',13A)=.-).+:$)94%-)

2:)-4131)(,1%-':$3):< ):.,)51$'.3)21+1$2R)U+:$)<:,(1>)\13.3)%/:$1)<:.$212)4'3)1&+',1 )

.+:$)/:@1A)%$2)-:)-4'3)@1,#)2%#)&'//':$3)9:./2)2'1)<:,)4'&>

@#.0%&0-2 ! /$-($.% ! -.$ ! 9-//$( ! &* ! $Z$.& ! %,0.0&'-/ !,*>$. !>0&# ! &**/% ! &#-& ! -.$!

9*'2&$.R02&'0&04$!)$&!%'.,.0%025/)!$++$9&04$?! /*4$;!#'30/0&);!%$/+R9*2&.*/!-2(!

%'<30%%0*2!A[//0%&*2!WJRWOB:!^$3-02025!+*9'%$(!*2!D$%'%8!3*($/!*+ !%$.4-2&!

/$-($.%#0,!>0//!#$/,!'%!&*!+*9'%!*2!&#$!,.03-.)!4-/'$%!*+ !%,0.0&'-/!,*>$.?!

/*4$!-2(!H*(8%!,'.,*%$%!A[//0%&*2!WIB:

!"#$%&'()*+

! !""#$%&'()!*+,-)./)!"#$%&'"()%*$+,$'-/)0,$,*1',()23/)4#""#,5)2,-16)7#8-,-6()9::;/

! !'+$%-&5()<1*)4/)<=1)>,?#'+)&@ ),)2=-#$%#,')71,*1-/)A-,'*)B,C#*$()>D/)E&'*1-F,'()9:GH/

! AI#''1$$()J$/)<=1)2,""K)L#'*#'+),'*)LI"@#""#'+)%=1)21'%-,")0I-C&$1)&@ )M&I-)7#@1/)N,$=F#""1()<N/)<=&5,$)N1"$&'()9::O/

! PI$8,'*$()>,-?Q)7,-$1'()<#5&%=6/)4&51'()>#'#$%-6),'*)%=1)A&$C1")!RC"&-#'+)N1S)0,-,*#+5$/)T&S'1-$)A-&F1()D7/).&$$16UV,$$();WWG/

! 71S#$()2/)X/)!"#$%#&'"($)* $+,)-./)X1-5&')CI8"#$=1*)#')!"#),)'./)N&F1581-()9:Y9/)Z.//0122(((3,"4+($536"#2+--$/-2,"4+30,7[

! >I"=&"",'*()B&81-%/)4&51'),'*)>1'K)4#F1$),'*)PI$8,'*$/)71\%I-1)N&%1$/)41$%)3@-#\,)<=1&"&+#\,")X15#',-6()7,+&$/

! J",$?6()>,-F#'/)<=1)<-,+1*6)&@ )351-#\,')2&5C,$$#&'/$4,$=#'+%&')T2/)B1+1'-6)0I8"#$=#'+()9::;/

! X,'*1-$()./)J$S,"*()T6',5#\)XC#-#%I,")71,*1-$=#C)71,*#'+)7#?1)0,I"/)A-,'*)B,C#*$()>DK)T#$\&F1-6)P&I$1)0I8"#$=1-$()9:::/

! <=-,""()V#""Q)>\N#\&"()V-I\1Q)>\!"-,%=()]1'/)<=1)3$\1'%)&@ ),)71,*1-/)X,')L-,'\#$\&()23/).&$$16UV,$$()9:::/

! <&S'$1'*()0=#""#C/)<=1)71%%1-$)%&)<#5&%=6),'*)<#%I$/)A-,'*)B,C#*$()>D/)45/)V/)!1-*5,'$)0I8"#$=#'+)2&();WWH/

! 4#%=1-#'+%&'()V1')DDD/)71%%1-$),'*)P&5#"#1$)@&-)P1""1'#^1*)2=-#$%#,'$/)T&S'1-$)A-&F1()D7/)D'%1-_,-$#%6)0-1$$)`X3();WWH/