Issuu on Google+

g  ĂĆĹ?Ĺ?Ĺ?Ĺ?Ä‚Ä€Ä Ä‚

Ĺ?+.Ĺ? ÄŒĹ?  Ĺ?+Ä?Ĺ?ĊĉĆć (1#!3.1 Ä“ĹŠ ĹŠ ĹŠ }

"(3.1 Ä“ĹŠ ĹŠ ÂĄĹŠ 



ĹŠĹŠ  ÂĄĹŠĹŠ  ĹŠ ĹŠĹŠĹŠĹŠĹŠ'33/ľľ666Ä“"#1#!'.#!4".1Ä“!., (1#!!(¢-Ä–ĹŠ1#-2ĹŠ8ĹŠÄˆÄ‡ĹŠ"#ĹŠ%.23.ĔŊ"($Ä“ĹŠ(5-!.ĔŊĎ3.Ä“ĹŠ/(2.ŊġŊ#+_$.-.2Ä–ĹŠÄ‰ÄŽÄŽÄˆÄąÄŽÄŽÄ‰ÄľÄ‰ÄŽÄŽÄŽÄąÄŒÄŠÄˆÄľÄ‰ÄŽÄ‡Ä‡ÄąÄ‰ÄŒÄŽÄľÄ‰ÄŽÄŽÄ‰ÄąÄˆÄŠÄŽĹŠĹŠÄˇĹŠÄą,(+Ä– ĹŠ)4"(!(+Äž"#1#!'.#!4".1Ä“!.,ĹŠ

1;,(3#2ĹŠ"#ĹŠ+ĹŠ"#,-"ĹŠ #-ĹŠ#+ĹŠ)4(!(.ĹŠ"#ĹŠ+(,#-3.2 Ä–ĹŠ Ä“ĹŠ ^ĹŠ}ĹŠ }

Ieo ZeY[dj[ [d bW cWj[h_W Z[ Fh|Yj_YW 9_l_b" C[Z_WY_Â&#x152;d o 7hX_jhW`[" [d bW \WYkbjWZ Z[ @kh_ifhkZ[dY_WZ[bWKd_l[hi_ZWZ 9[djhWbZ[b;YkWZehfehZ_[Y_iÂ&#x192;_i WÂ&#x2039;ei" o Z[djhe Z[ [ijW cWj[h_W jWcX_Â&#x192;djhWjeieXh[[b`k_Y_eZ[Wb_# c[djei"gk[YeceX_[dbei[Â&#x2039;WbW[b Z_ij_d]k_Ze`kh_ijWo[n:[YWdeZ[ bW<WYkbjWZZ[@kh_ifhkZ[dY_WZ[b 7bcW CWj[h :h$ 7k]kije :kh|d FedY[Ă&#x2020;FehbejWdje"Wb_c[djeiied [bYed`kdjeZ[[b[c[djeid[Y[iW# h_eifWhWbWYedi[hlWY_Â&#x152;dZ[bi[h ^kcWde$$$[bZ[h[Y^eZ[Wb_c[d# jei [i YedikijWdY_Wb Yed bW l_ZW c_icW o feh [ie Yedij_jko[ kde Z[ bei Z[h[Y^ei Z[ c|i jhWiY[d# Z[dY_W$ ;ij[Z[h[Y^edWY[Z[bWih[bWY_e# d[iZ[\Wc_b_WĂ&#x2021;$ ?DJHE:K99?âD >Wo gk[ i[Â&#x2039;WbWh gk[ [d dk[i# jhe fWÂ&#x2021;i [n_ij[d Zei \ehcWi Z[ h[YbWcWh Wb_c[djei" [b kde gk[ [ij| fh[l_ije [d [b 9Â&#x152;Z_]e 9_l_b [dYedYehZWdY_WYed[b9Â&#x152;Z_]eZ[ FheY[Z_c_[dje9_l_b"jh|c_j[gk[ fk[Z[ i[]k_h YkWbgk_[h f[hie# dW gk[ Yh[W j[d[h Z[h[Y^ei fWhW h[YbWcWhWb_c[djei$;dYWcX_e[b 9Â&#x152;Z_]eZ[bWD_Â&#x2039;[po7Zeb[iY[dY_W [ijWXb[Y[kdjh|c_j[[if[Y_Wb"gk[ iebWc[dj[ \Wleh[Y[ W bei d_Â&#x2039;ei" d_Â&#x2039;Wi o WZeb[iY[dj[i o Wgk[bbei gk[[ijÂ&#x192;dYkhiWdZe[ijkZ_ei$ BWZ_\[h[dY_W[djh[beiZeijh|# c_j[iYed\ehc[[iZ[YedeY_c_[d# je][d[hWb"[igk[[d[bi_ij[cWY_l_b [ic|i\ehcWb"[n_ij[dj[oj[Z_eie Yed\ehc[bei[Â&#x2039;WbW[dikj[i_iZ[ WXe]WYÂ&#x2021;W [b YecfWÂ&#x2039;[he 7dZhÂ&#x192;i C[dYÂ&#x2021;Wi E`[ZW" c_[djhWi gk[ [b jh|c_j[ [ijWXb[Y_Ze [d [b 9Â&#x152;Z_]e Z[bWD_Â&#x2039;[po7Zeb[iY[dY_W[ic|i h|f_Ze"Yed\ehc[i[Â&#x2039;Wbe[d[bfh[#

i[dj[WhjÂ&#x2021;Ykbe$ ;b YecfWÂ&#x2039;[he kd_l[hi_jWh_e <hWdY_iYe =WXh_[b 9^WYÂ&#x152;d Ehj_p [d ik j[i_i Z[ WXe]WYÂ&#x2021;W" Z_h_]_# ZW feh [b cW[ijhe kd_l[hi_jWh_e :h$ =_bX[hje IWbjei" i[Â&#x2039;WbW gk[ bW B[o H[\ehcWjeh_W Wb JÂ&#x2021;jkbe L" b_Xhe??Z[b9Â&#x152;Z_]eZ[bWD_Â&#x2039;[po 7Zeb[iY[dY_W" fkXb_YWZe [d [b H[]_ijheE\_Y_WbDe$,*)Z[(.Z[ `kb_e Z[ (&&/" h[\ehcW [b fheY[# Z_c_[djej[dZ_[dj[Wh[YbWcWh[b Z[h[Y^e W f[hY_X_h Wb_c[djei" ^WY_Â&#x192;dZeb[ Z[ kdW cWd[hW c|i|]_b"i_d\ehcWb_ZWZ[i oZ[[ij[ceZeWYe]_[dZe be gk[ i[Â&#x2039;WbW [b 7hj$ -- Z[ bW 9edij_jkY_Â&#x152;d Z[ bW H[fÂ&#x2018;Xb_YW"ieXh[[bZ[h[Y^e WbWjkj[bW`kZ_Y_Wb[\[Yj_lW" _cfWhY_Wbo[nf[Z_jW$ Bei fWiei gk[ i[ Z[X[d i[]k_h [d bW Z[cWdZW j[d# Z_[dj[ W h[YbWcWh Wb_c[djei fWhWd_Â&#x2039;Wi"d_Â&#x2039;eioWZeb[iY[dj[i" i[]Â&#x2018;dbei[Â&#x2039;WbW[b9Â&#x152;Z_]eZ[bW D_Â&#x2039;[po7Zeb[iY[dY_W[dbei 7hji$ )* '*-$'( )+ '*-$')" ), '*-$'*" )- '*-$'+" ). '*-$'," )/ '*-$'-" *& '*-$'." *' '*-$'/" *( '*-$(&" *) '*-$('" ** '*-$((o*+'*-$()[i [bi_]k_[dj[0 Fh_c[h FWie$# BW Z[cWdZW Z[X[ h[kd_h bei h[gk_i_jei Z[b 7hj$ ,- Z[b 9Â&#x152;Z_]e Z[ FheY[Z_c_[dje 9_l_b" i[ bW h[Wb_pW feh [iYh_je" i_d i[h d[Y[iWh_e[bfWjheY_d_eZ[WXe]W# Ze[db_Xh[[`[hY_Y_e1Z[jWbceZe gk[XWijWbWfh[i[djWY_Â&#x152;dZ[b\eh# ckbWh_egk[\k[[ijWXb[Y_Zefeh[b 9edi[`e Z[ bW @kZ_YWjkhW" ZedZ[ Yedij[d jeZei bei ZWjei d[Y[iW# h_ei fWhW _d_Y_Wh bW YWkiW$ 7 bW Z[cWdZW"i[Z[X[dWYecfWÂ&#x2039;Whbei c[Z_eiZ[fhk[XWgk[i[Yedi_Z[# h[dd[Y[iWh_eiW\_dZ[`kij_\_YWhbWi

d[Y[i_ZWZ[iZ[bc[dehobWYWfW# Y_ZWZ[YedÂ&#x152;c_YWZ[bWb_c[djWdj[" f[he[bZ[cWdZWZefk[Z[h[Wb_pWh [bWdkdY_eZ[fhk[XWi^WijWWdj[i Z[bWiYkWh[djWoeY^e^ehWiWbW \[Y^W \_`WZW fWhW bW WkZ_[dY_W Â&#x2018;d_YW$BWZ[cWdZWZ[X[i[hfh[#

i[djWZW[dbWE\_Y_dWZ[Iehj[eiZ[ bW9ehj[Fhel_dY_WbZ[bZec_Y_b_e Z[bc[deh1Z[jWbcWd[hWgk[fWhW _d_Y_Wh[bfheY[ieZ[Wb_c[djeii[ h[gk_[h[gk[[bZ[cWdZWdj["[ije [i [b fWZh[ e cWZh[ gk[ j_[d[ Wb

d_Â&#x2039;e e WZeb[iY[dj[ [d ik feZ[h" Z[X[ WYecfWÂ&#x2039;Wh bW fWhj_ZW Z[ dWY_c_[djeZ[bd_Â&#x2039;eeZ[bWZeb[i# Y[dj["ikYedijWdY_WZ[[ijkZ_ei[d YWieZ[gk[i[[dYk[djh[YkhiWdZe" h[Y_XeiZ[fW]egk[Yehh[ifedZWd W]Wijeigk[][d[h[dbWikXi_ij[d# Y_WZ[bWb_c[dj_ijW"WiÂ&#x2021;YeceYef_W Z[ikYÂ&#x192;ZkbWZ[Y_kZWZWdÂ&#x2021;W$ ;d h[ikc[d bW Z[cWdZW Z[X[ h[kd_h bei h[gk_i_jei i[Â&#x2039;WbW# Zei [d [b 7hj$ ,- Z[b 9Â&#x152;Z_]e Z[ FheY[Z_c_[dje 9_l_b" gk[ [i b[o ikfb[jeh_W [d [ijW cWj[h_W"  o bb[dWh[b\ehckbWh_e[bWXehWZe feh[b9edi[`eZ[bW@kZ_YWjkhW" gk[[ij|Z_ifed_Xb[[dikf|]_# dW m[X" gk[ i[ [dYk[djhW [d \ehcWjeF:<"c_icegk[Z[X[ i[h_cfh[iefWhWi[hbb[dWZeW c|gk_dWeWcWdefWhWikfh[# i[djWY_Â&#x152;d$ I[]kdZeFWie$#Fh[i[djWZWbW Z[cWdZWofh[l_e[biehj[eZ[b[o" [b`k[pYecf[j[dj[WleYWYedeY_# c_[dje"YWb_\_YWbWc_icW"[ije[i WdWb_pW i_ Ykcfb[ Yed bei h[gk_# i_jei[ijWXb[Y_Zei[d[bfhef_e \ehckbWh_eo[d[b7hj$,-Z[b 9Â&#x152;Z_]eZ[FheY[Z_c_[dje 9_l_b" o i_ be Ykcfb[ WY[fjW [b jh|c_j[$ 7b cec[dje Z[ YWb_# \_YWh bW Z[cWdZW" [b `k[p Z[ cWd[hW eXb_]Wjeh_W Z[X[ \_`Wh kdW YWdj_ZWZ cÂ&#x2021;d_cW feh f[di_Â&#x152;d" Z[ WYk[hZe W be i[Â&#x2039;WbWZe fehbWijWXbWi[bWXehWZWifeh[b 9edi[`eDWY_edWbZ[bWD_Â&#x2039;[po 7Zeb[iY[dY_W"YedYWh|Yj[hZ[ fW]e _dc[Z_Wje" _dZ[f[dZ_[dj[ Z[bfheY[ie_d_Y_WZe1WZ[c|iehZ[# dWbWY_jWY_Â&#x152;dZ[bZ[cWdZWZe"Z[ WYk[hZeWbWi\ehcWif[hc_j_ZWi [d [b WhjÂ&#x2021;Ykbe _ddkc[hWZe bk[]e Z[b )+ Z[b 9Â&#x152;Z_]e Z[ bW D_Â&#x2039;[p o 7Zeb[iY[dY_W"[ije[i0 W$7jhWlÂ&#x192;iZ[DejWh_e1

X$FehXeb[jWÂ&#x2018;d_YWZ[Y_jWY_Â&#x152;dgk[ i[h| [djh[]WZW Wb Z[cWdZWZe" Z[i[hd[Y[iWh_eYed[bWfeoeZ[ kdc_[cXheZ[bW\k[hpWfÂ&#x2018;Xb_# YW"gk_[di[djWh|bWh[if[Yj_lW hWpÂ&#x152;d1o" Y$;dbW\ehcWfh[l_ijW[d[b7hj$ -*Z[b9Â&#x152;Z_]eZ[FheY[Z_c_[dje 9_l_b$ ;b`k[pb[ZWjh[iZÂ&#x2021;WifWhWgk[ Yedj[ij[bWZ[cWdZWoYedj[ijWZW e[dh[X[bZÂ&#x2021;Wi[Â&#x2039;WbWZÂ&#x2021;Wo^ehWfWhW bWWkZ_[dY_WÂ&#x2018;d_YW$ >Wogk[i[Â&#x2039;WbWhgk[[ijWf[di_Â&#x152;d [ifhel_i_edWb"WZ[c|igk[bWjWXbW Z[f[di_ed[iWb_c[dj_Y_WijWcX_Â&#x192;d i[Wfb_YWfWhWbWiWYY_edWdj[iYkoe ih[fh[i[djWZeii[Wdh[YedeY_# Zeiede"feh[bfWZh[Z[cWdZWZe$ 7dj[iZ[bWih[\ehcWiYecei[Â&#x2039;WbW <hWdY_iYe9^WYÂ&#x152;dEhj_p"i_[bd_Â&#x2039;e de[ijWXWh[YedeY_Zefeh[bfWZh[" bWf[di_Â&#x152;d][d[hWbc[dj[dei[\_`W# XW"Wkdgk[bWb[o[ijWXb[YÂ&#x2021;WbWfei_# X_b_ZWZ Z[ ^WY[hbe YkWdZe ^WXÂ&#x2021;W _dZ_Y_eiik\_Y_[dj[iZ[i[Â&#x2039;WbWhkdW f[di_Â&#x152;dfhel_i_edWb$ ;dh[ikc[d[b`k[p[dikfh_c[hW fhel_Z[dY_W"YWb_\_YWbWZ[cWdZW" WdWb_pWdZei_h[Â&#x2018;d[beih[gk_i_jei b[]Wb[i"YWieYedjhWh_eZ_ifed[gk[ i[b[Yecfb[j[[d[bjÂ&#x192;hc_deZ[jh[i ZÂ&#x2021;Wi"Yed\ehc[i[Â&#x2039;WbW[b7hj$,/Z[b 9Â&#x152;Z_]eZ[FheY[Z_c_[dje9_l_b$ J[hY[hFWie$#;d[bc_iceWYje Z[ YWb_\_YWY_Â&#x152;d" i[ Z[X[ fhel[[h bWfhk[XWWfehjWZWoZ_ifed[hbW Y_jWY_Â&#x152;dWbZ[cWdZWZeZ[cWd[hW fh[\[h[dj[oYedWokZWZ[bW\k[hpW fÂ&#x2018;Xb_YW"h[YWbYWdZegk[bWY_jWY_Â&#x152;d _dYbki_l[fk[Z[i[hfhWYj_YWZWfeh bW c_icW fWhj[ WYjehW Z[b `k_Y_e" Yed\ehc[j[d]ei[Â&#x2039;WbWZe[dbÂ&#x2021;d[Wi Wdj[h_eh[i$;dbWY_jWY_Â&#x152;d"i[^Wh| YedijWhbWeXb_]WY_Â&#x152;dZ[bZ[cWd# ZWZeZ[\_`WhYWi_bb[he`kZ_Y_Wbo%e Yehh[e[b[YjhÂ&#x152;d_Ye"obWZ[WdkdY_Wh bWfhk[XWgk[lWWYjkWhZ[djheZ[b `k_Y_e$ ;d h[ikc[d" [d [b Wkje _d_Y_Wb e YWb_\_YWY_Â&#x152;d Z[ bW Z[cWdZW" [b `k[p\_`WkdWf[di_Â&#x152;dWb_c[dj_Y_W fhel_i_edWbZ[Wb_c[djeiYed\eh# c[WbeilWbeh[i[ijWXb[Y_Zei[dbW jWXbWZ[f[di_ed[i[bWXehWZWfeh [b9edi[`eDWY_edWbZ[bWD_Â&#x2039;[po 7Zeb[iY[dY_W"oZ[WYk[hZeYedbWi fhk[XWi fh[i[djWZWi o WZ`kdjW# ZWiWbWZ[cWdZW"Z_ifed_Â&#x192;dZei[ gk[[ij[lWbehi[WZ[fei_jWZe[d bW Yk[djW Yehh_[dj[ e Z[ W^ehhei :FEK@EL8<EC8GĂ?>@E8$:)

Ĺ? Ĺ?

Ĺ? 


Ĺ? Ĺ?

Ĺ? 

 

  

Ä&#x201A;

g Ĺ? Ä&#x201A;Ä&#x2020;Ĺ?Ĺ?Ĺ?Ĺ?Ä&#x201A;Ä&#x20AC;Ä Ä&#x201A;

Ĺ?+.Ĺ? Ä&#x152;Ĺ?

gk[fWhW[b[\[Yjei[Â&#x2039;WbWbWfWhj[ WYjehW"_dYbki_l[i[fk[Z[ieb_Y_jWh bW fhe^_X_Y_Â&#x152;d Z[ iWb_ZW Z[b fWÂ&#x2021;i WbeXb_]WZeWbfW]eZ[Wb_c[djei" Yecec[Z_ZWYWkj[bWhf[hiedWb$ 9kWhjeFWie$#9_jWZe[bZ[cWd# ZWZe"i[YedleYWWbWifWhj[iWkdW WkZ_[dY_WÂ&#x2018;d_YW"bWc_icWgk[i[h| \_`WZWZ[djheZ[bjÂ&#x192;hc_deZ[Z_[p ZÂ&#x2021;WiYedjWZeiWfWhj_hZ[bWYjeZ[ bWY_jWY_Â&#x152;d$ >Wogk[WYbWhWhgk[i_[bZ[cWd# ZWZe^WYedj[ijWZebWZ[cWdZW[d [bfbWpei[Â&#x2039;WbWZe[dbÂ&#x2021;d[WiWdj[h_e# h[i" [b `k[p Z[X[ j[d[h [d Yk[djW Z_Y^WYedj[ijWY_Â&#x152;d$ ;dh[ikc[d^Wogk[WYbWhWhgk[ bW Y_jWY_Â&#x152;d fk[Z[ i[h Z[ bWi jh[i \ehcWii[Â&#x2039;WbWZWi[dbÂ&#x2021;d[WiWdj[# h_eh[i1c|iWÂ&#x2018;di_bWfWhj[WYjehW YWh[Y[Z[c[Z_ei[YedÂ&#x152;c_YeifWhW Y_jWh Wb Z[cWdZWdj[" [b 9edi[`e Z[ bW @kZ_YWjkhW fk[Z[ h[Wb_pWh kdW iebW fkXb_YWY_Â&#x152;d c[dikWb [d kd f[h_Â&#x152;Z_Ye Z[ cWoeh Y_hYk# bWY_Â&#x152;ddWY_edWb"fkZ_[dZeieb_Y_# jWhbWZ[lebkY_Â&#x152;dfeij[h_ehZ[be fW]WZe"YkWdZei[WY_jWZe[b Z[cWdZWZe$ 9_jWZe [b Z[cWdZWZe e bei Z[cWdZWZei i[ YedleYW WWkZ_[dY_WÂ&#x2018;d_YW"Z[djheZ[ bWYkWb[bWb_c[djWdj[i[Â&#x2039;WbW YWi_bb[he `kZ_Y_Wb o%e Z_h[Y# Y_Â&#x152;dZ[Yehh[e[b[YjhÂ&#x152;d_Ye$BW WkZ_[dY_W[iYedZkY_ZWZ_h[Y# jWc[dj[feh[b`k[p"gk_[dbW _d_Y_W _d\ehcWdZe ieXh[ bWi fh_dY_fWb[idehcWigk[h_][d [bZ[h[Y^eZ[Wb_c[djei$ Gk_dje FWie$# ;b ZÂ&#x2021;W o ^ehW i[Â&#x2039;WbWZeifWhWgk[i[bb[l[WYWXe bWWkZ_[dY_WÂ&#x2018;d_YW"[b`k[pYedY[Z[ bW fWbWXhW W bW fWhj[ Z[cWdZWZW fWhWgk[Yedj[ij[bWZ[cWdZW"[i eXb_]WY_Â&#x152;dZ[b`kp]WZehfheYkhWh gk[bWifWhj[ibb[]k[dWkdWYk[hZe gk[X[d[\_Y_[Wbc[deh"f[heZ[de be]hWh[ij[WYk[hZe_d_Y_Wh|bW[lW# bkWY_Â&#x152;d Z[ bW fhk[XW fWhW [c_j_h bW h[iebkY_Â&#x152;d Yehh[ifedZ_[dj[" bW c_icWgk[fk[Z[i[hWf[bWZW[dbei jÂ&#x192;hc_deii[Â&#x2039;WbWZei[d[b7hj$_ddk# c[hWZe*&Z[bWB[oH[\ehcWjeh_W WbJÂ&#x2021;jkbeL"B_Xhe??Z[b9Â&#x152;Z_]eZ[ bWD_Â&#x2039;[po7Zeb[iY[dY_W"fkXb_YWZe [d[bH[]_ijheE\_Y_WbDe$,*)Z[(. Z[`kb_eZ[(&&/$ ;d h[ikc[d" i_ bWi fWhj[i de YecfWh[Y[d[bZÂ&#x2021;Wo^ehWi[Â&#x2039;WbWZei fWhWbWWkZ_[dY_Wi[Â&#x2039;WbWZW"bWh[ie# bkY_Â&#x152;d fhel_i_edWb Z[ Wb_c[djei \_`WZW[d[bWkje_d_Y_Wbi[jhWdi\eh# cW[dZ[\_d_j_lW$>Wogk[WYbWhWh gk[bWWkZ_[dY_WÂ&#x2018;d_YWfk[Z[i[h Z_\[h_ZWfehkdWiebWl[p^WijWfeh

   Ĺ? 

jh[iZÂ&#x2021;Wii_[cfh[gk[bWieb_Y_j[d bWiZeifWhj[iZ[YecÂ&#x2018;dWYk[hZe$ I_ [b Z[cWdZWZe Z[djhe Z[ bW WkZ_[dY_W d[]WhÂ&#x192; bW h[bWY_Â&#x152;d Z[ \_b_WY_Â&#x152;defWh[dj[iYe"[b`k[pZ_i# fedZh|bWh[Wb_pWY_Â&#x152;dZ[b[nWc[d Z[7:Doikif[dZ[h|bWWkZ_[dY_W feh[bjÂ&#x192;hc_deZ[(&ZÂ&#x2021;Wi"bk[]eZ[ beYkWboYedbeih[ikbjWZeiZ[b[nW# c[d eXj[d_Ze" h[iebl[h| ieXh[ bW Wfb_YWY_Â&#x152;dZ[bWf[di_Â&#x152;dWb_c[dj_# Y_WZ[\_d_j_lWoieXh[bWh[bWY_Â&#x152;dZ[ \_b_WY_Â&#x152;d"i_dd[Y[i_ZWZZ[lebl[hW YedleYWhWejhWWkZ_[dY_W$ :[XecWd_\[ijWhgk[bei[n|c[# d[iZ[7:D"iedehZ[dWZeifeh[b `k[p[d[ijeiYWiei"dej_[d[dlWbeh Wb]kde1[ije[ibW<_iYWbÂ&#x2021;W=[d[hWb Z[b;ijWZedeYeXhW^edehWh_eifeh [ijei[n|c[d[i"obeibWXehWjeh_ei [ij|dkX_YWZei[d[ijWY_kZWZZ[ Gk_je [d bW YWbb[ / Z[ EYjkXh[ o FWjh_W$ ?dc[Z_WjWc[dj[ [b Z[cWdZW# Ze Yedj[ijWh| bW Z[cWdZW" Z[Zk# Y_[dZe bWi [nY[fY_ed[i Z_bWjeh_Wi ef[h[djeh_WiZ[gk[i[Yh[WWi_i# j_Ze1 h[YehZWdZe gk[ [nY[fY_Â&#x152;d [i jeZWZ[\[diWgk[[b Z[cWdZWZe efed[ WbWfh[j[di_Â&#x152;d`khÂ&#x2021;#

YedbWeXb_]WY_Â&#x152;dgk[b[Yehh[ifed# Z["[djedY[ibe^Wh|d[d[ij[ehZ[d0 WXk[bei"^[hcWdeicWoeh[iZ[Z_[# Y_eY^eWÂ&#x2039;eiZ[[ZWZojÂ&#x2021;eiZ[bd_Â&#x2039;e" fkZ_[dZe[n_]_hfeij[h_ehc[dj[Wb fWZh[ h[ifediWXb[ bW Z[lebkY_Â&#x152;d Z[bZ_d[heWfehjWZe$ IÂ&#x192;fj_ceFWie$#BWf[di_Â&#x152;dfhe# l_i_edWb Yehh[ W fWhj_h Z[ bW fh[# i[djWY_Â&#x152;dZ[bWZ[cWdZW"i[]Â&#x2018;dbW h[\ehcWWdj[ic[dY_edWZW"h[Yeh# ZWdZegk[Wdj[iZ[Z_Y^Wh[\ehcW bW f[di_Â&#x152;d fhel_i_edWb i[ Wfb_YW# XWZ[iZ[bW\[Y^WZ[bWY_jWY_Â&#x152;dWb Z[cWdZWZe"^eo_di_ije[iWfWhj_h Z[bW\[Y^WZ[bWfh[i[djWY_Â&#x152;dZ[bW Z[cWdZW$ EYjWle FWie$# ;d YWie Z[ gk[ bWifWhj[ifheY[iWb[ide[ijÂ&#x192;dZ[ WYk[hZeYedbWh[iebkY_Â&#x152;d[c_j_ZW feh[b@k[p"obk[]eZ[^WX[hi[W]e# jWZebeih[Ykhiei^eh_pedjWb[i"[ije [iWYbWhWY_Â&#x152;d"Wcfb_WY_Â&#x152;d"h[leYW# jeh_Woh[\ehcW"i[feZh|fh[i[djWh [_dj[hfed[h[bh[YkhieZ[Wf[bWY_Â&#x152;d Wdj[[bikf[h_eh"f[heZ_Y^eh[Ykhie Z[X[[ijWhcej_lWZeoZ[X[i[hfh[# i[djWZe Z[djhe Z[b jÂ&#x192;hc_de Z[ jh[i ZÂ&#x2021;Wi" fWhW gk[ bW 9ehj[ F hel _ dY _ W b

Z_YWZ[bWkjeh"ei[Wgk[[i[bc[Z_e b[]WbZ[Z[\[diWYedij_jkY_edWb"o Z[[ij[ceZei[Ykcfb[[bfh_dY_f_e Z[YedjhWZ_YY_Â&#x152;dgk[[i\kdZWc[d# jWb[d[ijWYbWi[Z[fheY[iei$ ;b`k[pZ[X[fheYkhWhbWYedY_b_W# Y_Â&#x152;doZ[eXj[d[hbW\_`Wh|bWf[di_Â&#x152;d Wb_c[dj_Y_WZ[YecÂ&#x2018;dWYk[hZe"Z_Y# jWdZekdWkjeh[iebkjeh_e$:[de be]hWhi[[bWYk[hZe"fhei[]k_h|bW WkZ_[dY_WÂ&#x2018;d_YWYedbW[lWbkWY_Â&#x152;d Z[ bWi fhk[XWi fh[i[djWZWi feh bWifWhj[i"bk[]eZ[beYkWb[b`k[p" WbWdWb_pWhbWc_icW"Z[X[h|\_`Wh bWf[di_Â&#x152;dWb_c[dj_Y_WZ[\_d_j_lW" ikXi_Z_ei o X[d[\_Y_ei" WZ[c|i bW \ehcW Z[ fW]Whbei" [b fW]e Z[ YeijWi`kZ_Y_Wb[io^edehWh_eiZ[b WXe]WZefWjheY_dWZehojeZeibei ]Wijeigk[^WoW_dYkhh_Ze[bWYjeh Z[[ijWYWkiW$ I[njeFWie$#;d[bYWieZ[gk[[b fWZh[[YedÂ&#x152;c_YWc[dj[h[ifediW# Xb["Z[i_]dWZefWhWYkXh_hbWf[d# i_Â&#x152;dWb_c[dj_Y_WZ[bd_Â&#x2039;eeWZeb[i# Y[dj[fehehZ[dZ[b`k[p"deYkcfbW

Z[ @kij_Y_W Z[ bW `kh_iZ_YY_Â&#x152;d ZedZ[ i[ bb[l[ W YWXe [b fheY[ie Z[Wb_c[djeiYedepYWZ_Y^e`k_Y_e$ >Wogk[WYbWhWhgk[[bh[YkhieZ[ Wf[bWY_Â&#x152;diebej_[d[[\[YjeZ[lebk# j_le"[iZ[Y_h"gk[c_[djhWiZ[Y_ZW bW9ehj[Fhel_dY_Wb"[ije[ibWIWbW h[if[Yj_lW"Z[X[[`[YkjWhi[[bWYje h[iebkj_le"[iZ[Y_hi[Z[X[i[]k_h fW]WdZe bW f[di_Â&#x152;d Wb_c[dj_Y_W \_`WZWfeh[b`k[p$ Del[de FWie$# BW 9ehj[ Fhel_dY_Wb Z[ @kij_Y_W h[if[Yj_lW c[Z_Wdj[bWIWbWÂ&#x2018;d_YWoZ[[n_i# j_hc[Z_Wdj[bWiWbW[if[Y_Wb_pWZW" h[Y_X_Ze[b[nf[Z_[dj[Z[X[h[ieb# l[h[dcÂ&#x192;h_jeiZ[beiWkjeiZ[djhe Z[b jÂ&#x192;hc_de Z[ Z_[p ZÂ&#x2021;Wi" [ije [i Yed\_hcWdZe"h[\ehcWdZeeh[le# YWdZebWZ[Y_i_Â&#x152;dZ[b`k[pZ[fh_c[# hW_dijWdY_W"fWhWbk[]eZ[lebl[h[b fheY[ieWb`k[pZ[fh_c[hd_l[b[d [bjÂ&#x192;hc_deZ[)ZÂ&#x2021;Wi$ :Â&#x192;Y_ce FWie$# I_ YkWbgk_[# hW Z[ bWi fWhj[i Z[ceijhWhÂ&#x192; gk[ ^Wd lWh_WZe bWi Y_hYkdijWdY_Wi o

^[Y^eigk[i_hl_[hedZ[XWi[fWhW bW h[iebkY_Â&#x152;d gk[ \_`W bW f[di_Â&#x152;d Wb_c[dj_Y_W"[b`k[pfeZh|h[l_iWh o ceZ_\_YWh bW h[iebkY_Â&#x152;d" fh[l_e [b fheY[Z_c_[dje [ijWXb[Y_Ze [d [ij[ YWfÂ&#x2021;jkbe1 WYbWhWdZe gk[ [b `k[pYecf[j[dj[[i[bc_icegk[ \_`e bW f[di_Â&#x152;d Wb_c[dj_Y_W" iWble bei YWiei Z[ YWcX_e Z[ Zec_Y_b_e Z[bWb_c[djWZe$ ?]kWbc[dj[ i[ fk[Z[ ieb_Y_jWh Wkc[djeeh[ZkYY_Â&#x152;dZ[bWf[di_Â&#x152;d Wb_c[dj_Y_W^WijW[b)'Z[[d[heZ[ YWZWWÂ&#x2039;e"[b9edi[`eDWY_edWbZ[ bW D_Â&#x2039;[p o 7Zeb[iY[dY_W fkXb_# YWh| [d bei f[h_Â&#x152;Z_Yei Z[ cWoeh Y_hYkbWY_Â&#x152;d dWY_edWb" bW JWXbW Z[ F[di_ed[i7b_c[dj_Y_WiCÂ&#x2021;d_cWi" c|i[bfehY[djW`[Z[_d\bWY_Â&#x152;dgk[ Z[j[hc_d[[b?dij_jkjeDWY_edWbZ[ ;ijWZÂ&#x2021;ij_YWi o 9[diei" [ije [i i[ h[\_[h[WbW_dZ[nWY_Â&#x152;dWkjec|j_YW WdkWb$ >Wogk[WYbWhWhgk[bWif[di_e# d[i Wb_c[dj_Y_Wi" [d d_d]Â&#x2018;d YWie i[h|d_d\[h_eh[iWbWicÂ&#x2021;d_cWi[ijW# Xb[Y_ZWi [d bW c[dY_edWZW jWXbW" feh be gk[ bWi f[di_ed[i Wb_c[d# j_Y_Wigk[\k[h[d_d\[h_eh[ii[h|d _dZ[nWZWi Wkjec|j_YWc[dj[ i_d d[Y[i_ZWZ Z[ WYY_Â&#x152;d `kZ_Y_Wb Z[ d_d]kdWdWjkhWb[pW$ ;id[Y[iWh_ecWd_\[ijWhgk[bWi h[\ehcWiWb9Â&#x152;Z_]eZ[bWD_Â&#x2039;[po 7Zeb[iY[dY_W ieXh[ [b fheY[Z_# c_[dje fWhW bW \_`WY_Â&#x152;d o YeXheZ[f[di_ed[iWb_c[dj_# Y_WiZ[c[deh[ioWZeb[iY[d# j[i"i[Â&#x2039;WbWZ[cWd[hW[nfh[iW gk[[b9edi[`eZ[bW@kZ_YWjkhW iWdY_edWh|Yedikif[di_Â&#x152;d )&W*+ZÂ&#x2021;WiWbei`k[Y[igk[ _dYkcfb_[h[dbeijÂ&#x192;hc_dei" fbWpeiocedjei\_`WZeifeh bWfh[i[dj[b[o1o"[dYWieZ[ h[_dY_Z[dY_Wi[fheY[Z[h|W bWZ[ij_jkY_Â&#x152;dZ[bYWh]e$ I[fh[i[djWdbWii_]k_[dj[i_dj[# hhe]Wdj[i0 W;n_ij[edeh[YkhieZ[YWiWY_Â&#x152;d Y_l_b[d[ijWYbWi[Z[fheY[iei1 o" X ;n_ij[ e de bW fei_X_b_ZWZ Z[ _dj[hfed[hbWWYY_Â&#x152;d[njhWehZ_# dWh_WZ[fhej[YY_Â&#x152;dWdj[bW9ehj[ 9edij_jkY_edWb$ >Wo gk[ WYbWhWh gk[ [b 7hj$ *+ '*-$() Z[ bW h[\ehcW" [ijWXb[Y[ YecedehcWiikfb[jeh_Wi[djeZe bedefh[l_ije[d[ijWi[YY_Â&#x152;di[ h[\_[h[ Wb fheY[Z_c_[dje fWhW bW \_`WY_Â&#x152;d Z[ Wb_c[djei" i[ Wfb_YW# h| [b FheY[Z_c_[dje 9edj[dY_eie =[d[hWb" Z[iYh_je [d [b fh[i[dj[ 9Â&#x152;Z_]e"oW\WbjWZ[[ij[bWiZ_ifei_# Y_ed[iZ[b9Â&#x152;Z_]eZ[FheY[Z_c_[dje 9_l_b$ DEJ7I<?D7B;I Fk[Zei[Â&#x2039;WbWhbWii_]k_[dj[i0 W FWhW \_`Wh kdW f[di_Â&#x152;d Z[ Wb_c[djeii[h[gk_[h[Z[fhk[XWi gk[fh[i[dj[dbWifWhj[i"jWdje[d beh[\[h[dj[WbWid[Y[i_ZWZ[iZ[b

c[deh Yece W bW i_jkWY_Â&#x152;d [Ye# dÂ&#x152;c_YW Z[b Wb_c[djWdj[" Z[X_[d# Ze i[Â&#x2039;WbWh gk[ i_ [b Z[cWdZWZe `kij_\_YWgk[dej_[d[_d]h[iei"[d [ij[YWie[ij|deXb_]WZeiikXi_Z_W# h_Wc[dj[Wfh[ijWhWb_c[djeibei WXk[bei" ^[hcWdei o bei jÂ&#x2021;ei Z[b c[deh$ X9ecei[eXi[hlW"[bfheY[Z_# c_[djefWhWbWikijWdY_WY_Â&#x152;dZ[b `k_Y_eZ[Wb_c[djei[iZ[jh|c_j[ h|f_Ze o i_d \ehcWb_icei fheY[# iWb[i$ JWcX_Â&#x192;d ^Wo gk[ i[Â&#x2039;WbWh gk[ [b jh|c_j[ gk[ i[ ZW W bW fhk[XW [ij|[n[djeZ[\ehcWb_icei"[ijW# Xb[Y_[dZekdfheY[Z_c_[djeehWb fWhW_cfk]dWhbWYece[i[bYWie Z[bWih[fh[]kdjWigk[i[fk[Z[d ^WY[h W bei j[ij_]ei fh[i[djWZei" WZ[c|i bei c[Z_ei fheXWjeh_ei ied[lWbkWZei[dYed`kdjebk[]e Z[bWWkZ_[dY_WÂ&#x2018;d_YWfeh[b`k[p Yecf[j[dj["ZWdZeZ[[ijWcWd[# hWYkcfb_c_[djeWbeifh_dY_f_ei Z[YedjhWZ_YY_Â&#x152;d"YedY[djhWY_Â&#x152;d[ _dc[Z_WY_Â&#x152;d$ ?]kWbc[dj[ i[ Ykcfb[ [b fh_d# Y_f_eZ[Xk[dW\[ob[WbjWZfheY[# iWbWb[ijWXb[Y[h[bWdkdY_eZ[bW fhk[XWZ[bWifWhj[ifheY[iWb[i"Z[ jWbceZegk[[dWkZ_[dY_WÂ&#x2018;d_YW [b`k[pZ[X[[lWbkWh[ijeic[Z_ei Z[fhk[XW$ I[ Ykcfb[ [b 7hj$ -+ Z[ bW 9edij_jkY_Â&#x152;d Z[ bW H[fÂ&#x2018;Xb_YW Z[ bWjkj[bW`kZ_Y_Wb"[\[Yj_lW"_cfWh# Y_Wb o [nf[Z_jW" fk[i bk[]e Z[ bW WkZ_[dY_W Â&#x2018;d_YW" [b `k[p Z_YjW bW h[iebkY_Â&#x152;dYehh[ifedZ_[dj[$ :[jeZebeWdejWZei[Z[ifh[dZ[ gk[[bdk[lefheY[Z_c_[djeZ[Wb_# c[djei"efj_c_pW[bj_[cfe"[l_jW bei\ehcWb_iceiZ[bfheY[ieYed# j[dY_eie][d[hWbo[dj[ehÂ&#x2021;W[l_jW [bh[jhWie[dbWWZc_d_ijhWY_Â&#x152;dZ[ `kij_Y_W" ZWdZe Ykcfb_c_[dje Z[ [ij[ceZeWbdk[leehZ[dWc_[dje `khÂ&#x2021;Z_YeZ[bfWÂ&#x2021;i"YedijWdj[[dbW 9edij_jkY_Â&#x152;d Z[ bW H[fÂ&#x2018;Xb_YW Z[ (&&.1oWiÂ&#x2021;[bYecfWÂ&#x2039;[he7dZhÂ&#x192;i FWÂ&#x2018;bC[dYÂ&#x2021;WiE`[ZWi[Â&#x2039;WbW[dik j[i_i Z[ WXe]WYÂ&#x2021;W Ă&#x2020;BW ZkhWY_Â&#x152;d Z[bfheY[Z_c_[dje`kZ_Y_WbZ[kd h[YbWceZ[f[di_Â&#x152;dWb_c[dj_Y_Wo gk[i[h[\_[h[WbYWfÂ&#x2021;jkbe("fWhWbW \_`WY_Â&#x152;doYeXheZ[f[di_ed[iWb_# c[dj_Y_Wi o Z[ ikf[hl_l[dY_W de Z[X[hÂ&#x2021;WZkhWhc|iZ[,&ZÂ&#x2021;WiZ[ jÂ&#x192;hc_de"YedjWZeiZ[iZ[bWfh[i[d# jWY_Â&#x152;dZ[bWZ[cWdZW[dfh_c[hW _dijWdY_W"d_c|iZ[(+ZÂ&#x2021;WiZ[iZ[ bWh[Y[fY_Â&#x152;dZ[bfheY[ie[di[]kd# ZW_dijWdY_W1beYkWbcWd_\_[ijW[b WkjehY_jWZedei[Ykcfb[fehbW [dehc[YWh]Wgk[j_[d[dbei`kp# ]WZeiZ[bWd_Â&#x2039;[poWZeb[iY[dY_W [if[Y_Wbc[dj[ [d bWi fh_dY_fWb[i Y_kZWZ[iZ[bfWÂ&#x2021;i$ 1Ä&#x201C;ĹŠ .2_ĹŠ1!~ĹŠ+!.-~ Ä&#x201D;ĹŠ ĹŠĹŠ      ĹŠ ĹŠ ĹŠ ).2#%1!($+!.-(Äž%,(+Ä&#x201C;!.,


;@MFI:@FJ ALQ>8;FJ<GK@DF;<CF :@M@C;<9@9C@8E :@K8:@FE 8cX[\dXe[X[X8EE8;<C@8 KFII<J#j\c\_XZ\jXY\ihl\ \e \c Alq^X[f JÂ&#x201E;gk`df [\ cf :`m`c X ZXi^f [\c j\Â&#x152;fi ;i% MÂ&#x2C6;ZkfiQXdfiX8jkl[`ccfj\_X gi\j\ekX[fleX[\dXe[X\ejl ZfekiX#j`\e[fjl\okiXZkfZfdf cXgifm`[\eZ`Xi\ZXÂ&#x2C6;[X[\ck\efi j`^l`\ek\1 8:KFI1 ?L>F 9FC@M8I ML:Lz8LI>@C<J ;<D8E;8;81 8EE8 ;<C@8 KFII<J KI8D@K<1M<I98CJLD8I@F E8KLI8C<Q81;@MFI:@F :L8EK@81@E;<K<ID@E8;8 GIFM@;<E:@81 >8;FJ<GK@DF;<CF:@M@C%$ 9`Yc`}e# , [\ ;`Z`\dYi\ )'((# cXj'0_,-%M@JKFJ1:ldgc`[f Zfecf[`jgl\jkf\egifm`[\e$ Z`XXek\i`fi#XmfZfZfefZ`d`\e$ kf [\ cX [\dXe[X [\ [`mfiZ`f hl\ Xek\Z\[\# gifgl\jkX gfi ?L>F 9FC@M8I M@:Lz8 LI>@C<J#\eZfekiX;\8EE8 ;<C@8KFII<J#cXd`jdXhl\ \jZcXiXpZfdgc\kX#Zldgc\Zfe cfji\hl`j`kfj\jkXYc\Z`[fj\ecX C\p#iXqÂ?egficXhl\Zfdfcf [`jgfe\\c8ik%((/[\c:Â?[`^f :`m`c# j\ XZ\gkX X ki}d`k\ [\ al`Z`fm\iYXcjldXi`fhl\\j\c gifZ\[\ek\2\ekXcm`ikl[#ZÂ&#x2C6;k\j\ XcX[\dXe[X[X8EE8;<C@8 KFII<J Zfe \c Zfek\e`[f [\ cX [\dXe[X p \jkX gifm`[\e$ Z`X\ecX]fidXgi\m`jkX\ecfj 8ikÂ&#x2C6;Zlcfj /) [\c :Â?[`^f [\ GifZ\[`d`\ekf :`m`c p ((0 [\c :Â?[`^f:`m`c#\jkf\j#d\[`Xek\ ki\j glYc`ZXZ`fe\j [`]\i\ek\j \e\c[`Xi`fCXGfikX[Xhl\j\ \[`kX\ecX:`l[X[[\8qf^l\jp \elef[\cfj[`Xi`fj[\Xdgc`X$ Z`Â?eZ`iZlcXZ`Â?e[\cX:`l[X[[\ Hl`kf Gifm`eZ`X [\ G`Z_`eZ_X# cl^Xi\e\cZlXcj\_Xi\]i\e[X[f \cdXki`dfe`f#d\[`Xe[fgficf d\efj#\ck\id`ef[\fZ_f[Â&#x2C6;Xj _}Y`c\j\eki\leXpfkiXglYc`$ ZXZ`Â?e#Xek\cX`dgfj`Y`c`[X[[\

[\k\id`eXi\c[fd`Z`c`fpi\j`$ [\eZ`X[\cX[\dXe[X[XZfdf XjÂ&#x2C6; X]`idX  YXaf aliXd\ekf \c ZfdgXi\Z`\ek\# gi\m`e`Â&#x201E;e[fc\ Xc[\dXe[X[fcXfYc`^XZ`Â?ehl\ k`\e\e[\j\Â&#x152;XcXiZXj`cc\ifal[`$ Z`XcgXiXi\Z`Y`iefk`]`ZXZ`fe\j# \ecX=leZ`Â?eAl[`Z`Xc[\\jkX :`l[X[%8^iÂ&#x201E;^l\j\XcgifZ\jf cX[fZld\ekXZ`Â?eXZfdgXÂ&#x152;X[X p kÂ?d\j\ \e Zl\ekX cX ZXj`ccX j\Â&#x152;XcX[XgXiXi\Z`Y`iefk`]`ZX$ Z`fe\j hl\ c\ Zfii\jgfe[Xe p cXXlkfi`qXZ`Â?eZfeZ\[`[XXjl [\]\ejfi%EFK@=@HL<J<% 8c[\dXe[X[fj\c\gi\m`\e\cX fYc`^XZ`Â?ehl\k`\e\[\j\Â&#x152;XcXi ZXj`cc\if al[`Z`Xc gXiX i\Z`Y`i efk`]`ZXZ`fe\j#[\ekif[\cg\iÂ&#x2C6;$ d\kifc\^Xc[\\jkXZ`l[X[#YXaf gi\m\eZ`fe\j[\C\p% 9`Yc`}e#;`Z`\dYi\0[\)'(( ;iX%:Xid`kX8m\e[XÂ&#x152;fI\p\j J<:I<K8I@8 <o`jk\]`idXpj\ccf% 8%G%&,(+((&b%d%

XcgifZ\jf%$<ecfgi`eZ`gXc#cX [\dXe[Xgi\j\ekX[X#\jZcXiXp gi\Z`jXgficfhl\j\cXXZ\gkXX ki}d`k\M\iYXcJldXi`f%$:Â&#x2C6;k\j\ Xc [\dXe[X[f j\Â&#x152;fi I<CMPJ C<FE8C=FEJF#gfid\[`f[\ glYc`ZXZ`fe\j \e lef [\ cfj [`Xi`fj[\dXpfiZ`iZlcXZ`Â?ep hl\j\\[`kXe\eÂ&#x201E;jkXZ`l[X[[\ Hl`kfZfe]fid\\cXikÂ&#x2C6;Zlcf((0 [\c:Â?[`^f:`m`c%$8^iÂ&#x201E;^l\ej\ XcgifZ\jfcfj[fZld\ekfjgi\$ j\ekX[fj%$KÂ&#x201E;e^Xj\\eZl\ekX \cZXj`cc\ifp[fd`Z`c`fal[`Z`Xc [\j`^eX[fj%$EFK@=@HL<J<%$ Cfhl\Zfdle`ZfgXiXcfj]`e\j [\ c\p# X[m`ik`\e[f [\ cX fYc`$ ^XZ`Â?e hl\ k`\e\ [\ j\Â&#x152;XcXi [fd`Z`c`fal[`Z`Xc\e\cgXcXZ`f [\ aljk`Z`X [\ \jkX Z`l[X[%$ :\ik`]`Zf%$ Hl`kf# )' [\ \e\if [\)'()%$ 8Y^%Afi^\D`\i9liYXef J<:I<K8I@F ?Xplej\ccf 8%:%&/*/+'

ALQ>8;FM@>yJ@DF K<I:<IF;<CF:@M@C;< G@:?@E:?8 :@K8:@äEAL;@:@8C I%[\c<% 8c j\Â&#x152;fiX % I<CMPJ C<FE 8C=FEJFj\c\_XZ\ZfefZ\i<C <OKI8:KF;<;<D8E;8;< ;@MFI:@FpcXGIFM@;<E:@8# hl\XZfek`elXZ`Â?ej`^l\1 <OKI8:KF 8ZkfiX 1 D@IC8 D<CM8 :FII8C:L<% :lXekÂ&#x2C6;X1@e[\k\id`eX[X%$ Ki}d`k\1M\iYXcJldXi`f%$ =\Z_X [\ @e`Z`XZ`Â?e1 (- ;< EFM@<D9I<;<)'((% :XljX [\ ;@MFI:@F Ef% )'(($(+,,$AF?E 8P8C8 D8IK@E<Q%$ GIFM@;<E:@81 ALQ>8;FM@>yJ@DFK<I:<IF ;< CF :@M@C ;< G@:?@E:?8% Hl`kf# al\m\j , [\ \e\if [\c )'()#cXj(-_+.%$M@JKFJ18mfZf ZfefZ`d`\ekf [\ cX gi\j\e$ k\ ZXljX \e ZXc`[X[ [\ Al\q <eZXi^X[f j\^Â&#x2019;e XZZ`Â?e [\ g\ijfeXcEf%)-/)$;G$;GG%#[\ '. [\ [`Z`\dYi\ [\ )'('%$ <c \jZi`kfhl\Xek\Z\[\X^iÂ&#x201E;^l\j\

<OKI8:KFAL;@:@8C :@K<J<1 8C ;<D8E;8;F D@>L<C8C:@;<J98II8>8E# :FEC8J@>L@<EK<;<D8E;8 ;<;@MFI:@F :8LJ81 EIF +/* ;<C 8zF )'(( 8:KFI1 D<IP <C@Q89<K? :89I<I8:L<E:8 ; < D 8 E ;8 ; F 1  D @ > L < C 8C:@;<J98II8>8E GIFM@;<E:@81 ALQ>8;F ;<:DF :L8IKF ;< CF :@M@C ;< G@:?@E:?8% :XpXdY\FZklYi\('[\c)'((% CXj('_*'M@JKFJ1CX[\dXe$ [Xgi\j\ekX[X\jZcXiXpi\Â&#x2019;e\ cfji\hl`j`kfjc\^Xc\j%<eZfe$ j\Zl\eZ`Xj\cXXZ\gkXXki}d`k\ pj\[`jgfe\hl\ZfecXd`jdX p \jkX gifm`[\eZ`X [\ Z`k\ Xc [\dXe[X[f j\Â&#x152;fi D@>L<C 8C:@;<J 98II8>8E gXiX cfj]`e\jc\^Xc\j%<em`ikl[[\c aliXd\ekfi\e[`[fgficXXZkfiX j\ [`jgfe\ hl\ cX Z`kXZ`Â?e j\ i\Xc`Z\ gfi cX gi\ejX \e lef [\ cfj g\i`Â?[`Zfj [\ Xdgc`X Z`iZlcXZ`Â?e# [\ Zfe]fid`[X[ Zfecf[`jgl\jkf\e\c8ik%/) [\c :Â?[`^f [\ GifZ\[`d`\ekf%

REPUBLICA DEL ECUADOR SUPERINTENDENCIA DE COMPAĂ&#x2018;IAS

DeXWijWiWX[h"i[Z[X[jWcX_Â&#x192;d Wfb_YWh$De[iik\_Y_[dj[gk[h[h" i[Z[X[jWcX_Â&#x192;d^WY[h$ = E ; J > ; " @ E > 7 D D  M E B < = 7 D =  L E D 

8^iÂ&#x201E;^l\j\ cX [fZld\ekXZ`Â?e XZfdgXÂ&#x152;X[X#KÂ&#x201E;e^Xj\\eZl\e$ kX\cZXj`cc\ifal[`Z`Xcj\Â&#x152;XcX[f pcXXlkfi`qXZ`Â?eZfe]\i`[XXjl XYf^X[f;\]\ejfi%Efk`]Â&#x2C6;hl\j\% <cAl\q%= ;i%:i`jkÂ?YXcFa\[X DXikÂ&#x2C6;e\q%  Cf hl\ Z`kf X ljk\[ gXiX cfj ]`e\j c\^Xc\j Zfej`^l`\ek\j# gi\m`e`Â&#x201E;e[fc\[\cXfYc`^XZ`Â?e [\ j\Â&#x152;XcXi ZXj`cc\if al[`Z`Xc \e cX Z`l[X[ [\ :XpXdY\% :\ik`]`Zf%<cJ\Zi\kXi`f% 9iXlc`fG\i\qG\Â&#x152;X]`\c J<:I<K8I@F ALQ>8;F ;<:@DF:L8IKF;<CF:@M@C ;<G@:?@E:?8 ?Xp]`idXpj\ccf 8:&/*/,.&k] <OKI8:KFAL;@:@8C% ALQ>8;F;<:@DFGI@D<IF ;<CF:@M@C;<G@:?@E:?8 :@K8:@äEAL;@:@8C8CJ<zFI AFI>< 8C:Ă M8I D8:8J <II<P<J# 8:KFI1 89% 8E><C I8LC FIK@QJ<D@E8I@F\eZXc`[X[ [\ GIF:LI8;FI AL;@:@8C [\ cX j\Â&#x152;fiX EF<D@ <E@K J8I8E>FJ8I8E>F% AL@:@F Ef% 0*0$)'(($DQ% ;@MFI:@F KI8D@K<1M<I98CJLD8I@F F9A<KF1 =le[Xd\ekf \e cf \jkXYc\Z`[f \e cX ZXljXc ((mX `eZ`jf )[f [\c 8ik% ((' [\c :f[`^f:`m`c% :L8EK@81@E;<K<ID@E8;8 GIFM@;<E:@8 ALQ>8;F ;<:@DF GI@D<IF ;<CF:@M@C;<G@:?@E:?8%$ Hl`kf#m`\ie\j0[\j\gk`\dYi\ [\c)'((#cXj((_),%$M@JKFJ%$ <ed`ZXc`[X[[\Al\qJlgc\ek\ [\\jkXal[`ZXkliX#XmfZfZfef$

Z`d`\ekf[\cXgi\j\ek\ZXljX%$ <ecfgi`eZ`gXccX[\dXe[Xhl\ Xek\Z\[\\jZcXiX#ZfeZi\kX#p i\Â&#x2019;e\cfji\hl`j`kfj[\c\p#\e Zfej\Zl\eZ`X# [Xj\c\ \c ki}$ d`k\ M\iYXc JldXi`f%$:Â&#x2C6;k\j\ Xc [\dXe[X[f j\Â&#x152;fi AFI>< 8C:Ă M8I D8:8J <II<P<J# d\[`Xek\ ki\j glYc`ZXZ`fe\j \elef[\cfj[`Xi`fj[\dXpfi Z`iZlcXZ`Â?e [\ \jkX Z`l[X[ [\ Hl`kf Gifm`eZ`X [\ G`Z_`eZ_X# XjÂ&#x2C6; Zfdf kXdY`Â&#x201E;e \e \c ZXe$ kÂ?e [\ PXekqXqX Gifm`eZ`X [\ QXdfiX:_`eZ_`g\cl^Xi[fe[\ j\ Z\c\Yif \c dXki`dfe`f [\ Zfe]fid`[X[ X cf [`jgl\jkf \e \c 8ik% /) [\c :Â?[`^f [\ GifZ\[`d`\ekf:`m`c%$8^iÂ&#x201E;^l\j\ cX [fZld\ekXZ`Â?e X[alekX%$ ä`^Xj\ X lef [\ cfj j\Â&#x152;fi\j 8^\ek\j=`jZXc\j;`ji`kXc\j[\ G`Z_`eZ_X%$KÂ?d\j\\eZl\ekX \c :Xj`cc\if Al[`Z`Xc j\Â&#x152;XcX[f gfi\cXZkfi2XjÂ&#x2C6;ZfdfcXZXc`[X[ \ecXhl\ZfdgXi\Z\%$8ZkÂ&#x2019;\\c ;i%Cl`j:_lc[\IlXef\eZXc`$ [X[ [\ j\Zi\kXi`f \eZXi^X[f d\[`Xek\ XZZ`Â?e [\ g\ijfeXc EF% )'*(# ;G$;GG [\ (/ [\ X^fjkf[\c)'((%$Efk`]Â&#x2C6;hl\j\ = ;I%I\peXc[f=cfi8%AL<Q JLGC<EK<%$ Cfhl\Zfdle`ZfXL[%#gXiXcfj ]`e\j[\C\p#gi\m`e`Â&#x201E;e[fc\[\cX fYc`^XZ`Â?ehl\k`\e\[\j\Â&#x152;XcXi :Xj`cc\if Al[`Z`Xc gXiX gfjk\$ i`fi\jefk`]`ZXZ`fe\j[\ekif[\c g\iÂ&#x2C6;d\kifc\^Xc%$:\ik`]`Zf%$ ;i%Cl`j:_lc[\I% J<:I<K8I@F ?Xp]`idXpj\ccf 8:&/*/,(&k] ALQ>8;F;<:@DF;<CF :@M@C;<G@:?@E:?8

REPUBLICA DEL ECUADOR SUPERINTENDENCIA DE COMPAĂ&#x2018;IAS

EXTRACTO

EXTRACTO DE LA ESCRITURA PĂ&#x161;BLICA DE DISOLUCIĂ&#x201C;N VOLUNTARIA Y ANTICIPADA DE LA COMPAĂ&#x2018;Ă?A ECUATORIANA DE PRODUCTOS INDUSTRIALES C. LTDA. ECUAPROIN. ANTECEDENTES.- ECUATORIANA DE PRODUCTOS INDUSTRIALES C. LTDA. ECUAPROIN, se constituyĂł mediante escritura pĂşblica otorgada ante el Notario Segundo del Distrito Metropolitano de Quito, el 29 de marzo de 1967, inscrita en el Registro Mercantil del Distrito Metropolitano de Quito bajo el No.800, Tomo 98, el 27 de octubre de 1967. 1.- CELEBRACIĂ&#x201C;N Y APROBACIĂ&#x201C;N.- La escritura pĂşblica de disoluciĂłn voluntaria y anticipada de la compaùía ECUATORIANA DE PRODUCTOS INDUSTRIALES C. LTDA. ECUAPROIN, otorgada el 12 de mayo de 2011, ante el Notario CuadragĂŠsimo del Distrito Metropolitano de Quito, ha sido aprobada por la Superintendencia de Compaùías mediante ResoluciĂłn No.SC.IJ.DJDL.Q.11.0290 de 19 ENE. 2012. 2.- OTORGANTE.- Comparece al otorgamiento de la escritura pĂşblica antes mencionada el seĂąor Gustavo Romero Ponce, Gerente General y Representante Legal de la Compaùía. El compareciente es de nacionalidad ecuatoriana, de estado civil casado y domiciliado en el Distrito Metropolitano de Quito Metropolitano de Quito. 3.- PUBLICACIĂ&#x201C;N.- La Superintendencia de Compaùías ordenĂł la publicaciĂłn del extracto de la referida escritura pĂşblica, por tres dĂ­as consecutivos, para efectos de oposiciĂłn de terceros seĂąalada en el Art. 33 de la Ley de Compaùías y Reglamento de OposiciĂłn, como acto previo a su inscripciĂłn. AVISO PARA OPOSICIĂ&#x201C;N.- Se pone en conocimiento del pĂşblico la disoluciĂłn voluntaria y anticipada de la compaùía ECUATORIANA DE PRODUCTOS INDUSTRIALES C. LTDA. ECUAPROIN, a fin que quienes se creyeren con derecho a oponerse a su inscripciĂłn puedan presentar su peticiĂłn ante uno de los jueces de lo civil del domicilio principal de la compaùía, dentro de los seis dĂ­as contados desde la fecha de la Ăşltima publicaciĂłn de este extracto y, ademĂĄs, pongan el particular en conocimiento de la Superintendencia de Compaùías. El Juez que reciba la oposiciĂłn notificarĂĄ a esta Superintendencia, dentro del tĂŠrmino de dos dĂ­as siguientes, juntamente con el escrito de oposiciĂłn y providencia recaĂ­da sobre ella. En caso de no existir oposiciĂłn o de no ser notificada en la forma antes indicada, se procederĂĄ a la inscripciĂłn de la referida escritura pĂşblica de la compaùía y al cumplimiento de los demĂĄs requisitos legales. Distrito Metropolitano de Quito, a 19 ENE 2012.

CONSTITUCION DE LA COMPAĂ&#x2018;Ă?A COPPERSYSTEMS IMPORTADORA CIA. LTDA. La compaùía COPPERSYSTEMS IMPORTADORA CIA. LTDA. se constituyĂł por escritura pĂşblica otorgada ante el Notario CuadragĂŠsimo del Distrito Metropolitano de Quito, el 03 de Enero de 2012 , fue aprobada por la Superintendencia de Compaùías, mediante ResoluciĂłn SC.IJ.DJC.Q.12.000145 de 12 de Enero de 2012. 1. DOMICILIO: Distrito Metropolitano de Quito, Provincia de PICHINCHA. 2.- CAPITAL: Suscrito US$ 2.000,00 NĂşmero de Participaciones 200 Valor US$ 10,00 3.- OBJETO: E objeto de a compaùía es: A) IMPORTACIĂ&#x201C;N, COMERCIALIZACIĂ&#x201C;N E INSTALACION DE EQUIPOS DE COMUNICACION, PARTES, PIEZAS Y REPUESTOS; TELEFONIA Y REDES DE COMUNICACIĂ&#x201C;N; CABLEADO ESTRUCTURADO PARA VOZ Y DATOS, SISTEMA DE CONTROL ELĂ&#x2030;CTRICO Y ELECTRĂ&#x201C;NICO, ALARMAS CONTRAROBO, INCENDIO; CIRCUITO CERRADO DE TELEVISIĂ&#x201C;N Y CONTROL DE ACCESOS; Quito, 12 de Enero de 2012. Dr. Oswaldo Noboa LeĂłn. DIRECTOR JURIDICO DE COMPAĂ&#x2018;IAS

Ab. Patricia Chiriboga SĂĄnchez. AC/83848/tf

AC/83853/tf

:@K8:@äEAL;@:@8C 8# <;@K8 D<C8E@8 G8;@CC8 :8I898C@ <OKI8:KF1 AL@:@F1;`mfiZ`f#Ef%)'(($(+(, # 8:KFI1 J\^le[f <d\i`kf >l`cc\idfGXjkiXeX#KI8D@K< 1<jg\Z`Xc :L8EK@81@e[\k\id`eX[X F9A<KF1X]`e[\hl\\ej\ek\e$ Z`Xj\[\ZcXi\cX[`jfclZ`Â?e[\ cXjfZ`\[X[Zfepl^Xchl\le\ X J\^le[f <d\i`kf >l`cc\idf GXjkiXeXp<[`kXD\cXe`XGX[`ccX :XiXYXcÂ&#x2C6;%J\c\_XZ\ZfefZ\i\c \okiXZkf#pcXgifm`[\eZ`Xhl\X Zfek`elXZ`Â?ej`^l\1 GIFM@;<E:@81 ALQ>8;F ;<:@DF ;< CF :@M@C;<G@:?@E:?8%HL@KF# )'[\[`Z`\dYi\[\c)'((#cXj (+_(/% M@JKFJ1 8mfZf Zfef$ Z`d`\ekf[\cXgi\j\ek\ZXljX \e d` ZXc`[X[ [\ Al\q K`klcXi [\ \jkX Al[`ZXkliX# p gi\m`f \cjfik\f[\c\p%$CX[\dXe[X hl\Xek\Z\[\\jZcXiX#gi\Z`jX p i\Â&#x2019;e\ cfj i\hl`j`kfj [\ C\p# gficfhl\[\ZcXi}e[fj\cXgif$ Z\[\ek\j\cXXZ\gkXXcki}d`k\ jfc`Z`kX[f%$<eZfej\Zl\eZ`X[\ Zfe]fid`[X[Zfecfhl\[`jgf$ e\ \c 8ik% /(* [\c :Â?[`^f [\ GifZ\[`d`\ekf :`m`c# ZÂ?iiXj\ kiXjcX[fXcX[\dXe[X[X#Zfe cX[\dXe[Xp\jkXgifm`[\eZ`X gfi\ckÂ&#x201E;id`ef[\ki\j[Â&#x2C6;Xj%$\e d\i`kfXcaliXd\ekfhl\k`\e\ i\e[`[f cX gXik\ XZkfiX #ZÂ&#x2C6;k\$ j\ X cX j\Â&#x152;fiX <[`kX D\cXe`X GX[`ccX :XiXYXc` [\ Zfe]fid`$ [X[Zfe\c8ik%/)[\c:Â?[`^f[\ GifZ\[`d`\ekf:`m`cZÂ&#x2C6;k\j\gfi d\[`f [\ cX gi\ejX d\[`Xek\ ki\j glYc`ZXZ`fe\j \e lef [\ cfj[`Xi`fj[\dXpfiZ`iZlcXZ`Â?e [\cXcfZXc`[X[%:Â&#x2C6;k\j\\ec\^Xcp [\Y`[X]fidXXcXgXik\[\dXe$ [X[X\ecX[`i\ZZ`Â?ehl\j\Â&#x152;X$ cXgXiX\c\]\Zkf%$%$8^iÂ&#x201E;^l\j\ X cfj Xlkfj cfj [fZld\ekfj XZfdgXÂ&#x152;X[fj X cX [\dXe[X%$ KÂ&#x201E;e^Xj\\eZl\ekX\cZXj`cc\if al[`Z`Xc j\Â&#x152;XcX[f gXiX gfjk\$ i`fi\jefk`]`ZXZ`fe\j#XjÂ&#x2C6;Zfdf cXXlkfi`qXZ`Â?eZfe]\i`[XXjl 8Yf^X[f ;\]\ejfi% :Â&#x2C6;k\j\ p Efk`]Â&#x2C6;hl\j\%$ %% :Â&#x2C6;k\j\ p efk`$ ]Â&#x2C6;hl\j\%$%$= ;i%AfjÂ&#x201E;DXikÂ&#x2C6;e\q EXiXeaf%Al\q CF HL< CC<MF 8 JL :FEF:@D@<EKF P C< :@KF GI<M@E@yE;FC< ;< C8 F9C@>8:@äE ;< J<z8C8I :8J@CC<IF A L ; @ : @ 8 C G8 I 8  G F J K < I @ F I < J EFK@=@:8:@FE<J% ;I% <;>8I ? 8 I F M8C<EQL<C8 J<:I<K8I@F ;<C ALQ>8;F ;<:@DF ;< CF :@M@C ;< G@:?@E:?8 ?Xp]`idXpj\ccf 8:&/*/**&k] I\gÂ&#x2019;Yc`ZX[\c<ZlX[fi <OKI8:KFAL;@:@8C ALQ>8;F;y:@DFK<I:<IF ;<CF:@M@C;<G@:?@E:?8 :@K8:@äE AL;@:@8C 8 8C<A8E;IF D8LI@:@F ;@8Q M8I>8J AL@:@F1 ;@MFI:@F @eZ`[\ek\ [\ Xld\ekf [\ g\ej`Â?e  Ef% ,('$)''-$BD 8:KFI1 <CJ8 G8LC@E8 A8I8D@CCF ;<D8E;8;F1 8C<A8E;IF D8LI@:@F;@8QM8I>8J F9A<KF1 F9K<E<I <C 8LD<EKF ;< C8 G<EJ@FE 8C@D<EK@:@8 =@A8;8 <E J<EK<E:@8 KI8D@K<1M<I98CJLD8I@F :L8EKĂ 81 F:?F D@C :L8KIF:@<EKFJ;FC8I<J GIFM@;<E:@8 ALQ>8;F ;y:@DF K<I:<IF ;<CF:@M@C;<G@:?@E:?8%$ Hl`kf# al\m\j , [\ \e\if [\c )'()# cXj ((_(-% M@JKFJ1 <c `eZ`[\ek\ [\ 8LD<EKF [\ g\ej`Â?e Xc`d\ek`Z`X ]fidlcX$ [f gfi cX j\Â&#x152;fiX <cjX GXlc`eX AXiXd`ccf\jZcXifpi\Â&#x2019;e\cfj i\hl`j`kfj[\C\p#gficfhl\j\ XZ\gkXXcki}d`k\m\iYXcjldX$ i`f Zfe]fid\ X cf \jkXYc\Z`[f \e\c8ik%('/[\c:Â?[`^f:`m`c% <eZfej\Zl\eZ`X#Zfe\c\jZi`kf [\`eZ`[\ek\p\jkXgifm`[\eZ`X# ZÂ&#x2C6;k\j\ Xc j\Â&#x152;fi 8C<A8E;IF D8LI@:@F ;@8Q M8I>8J# d\[`Xek\ ki\j glYc`ZXZ`fe\j [\ gi\ejX# ZX[X leX [\ \ccXj \e]\Z_X[`jk`ekX#\elef[\cfj g\i`Â?[`Zfj [\ Xdgc`X Z`iZlcX$

 

  

g Ĺ? Ä&#x201A;Ä&#x2020;Ĺ?Ĺ?Ĺ?Ĺ?Ä&#x201A;Ä&#x20AC;Ä Ä&#x201A;

Ĺ?+.Ĺ? Ä&#x152;Ĺ? Z`Â?e\ecXZ`l[X[[\Hl`kfp[\ XZl\i[fXcfgi\m`jkfgfi\c8ik% /)[\c:Â?[`^f[\GifZ\[`d`\ekf :`m`c%Efk`]Â&#x2C6;hl\j\%$ ]  8Y#% =iXeZ`jZf 8cm\Xi DfekXcmfAL<Q% Cfhl\Zfdle`ZfXljk\[gXiX cfj ]`e\j [\ C\p# gi\m`e`\e[f$ c\ [\ cX fYc`^XZ`Â?e [\ j\Â&#x152;X$ cXi [fd`Z`c`f al[`Z`Xc \e \jkX Z`l[X[ [\ Hl`kf gXiX i\Z`Y`i gfjk\i`fi\j efk`]`ZXZ`fe\j% :\ik`]`Zf% ;i%E`cf>feqXcf8cdXZ_` J<:I<K8I@F ALQ>8;F ;<:@DFK<I:<IF;<CF:@M@C ;<G@:?@E:?8 ?Xp]`idXpj\ccf 8:&/*/+0&k] I<GL9C@:8;<C<:L8;FI ALQ>8;FM@><J@DF;<CF :@M@C;<G@:?@E:?8 :@K8:@äE AL;@:@8C 8 C8 J<zFI8 EFID8 A8EE<K? 9FE@CC8;@8Q 8:KFI1 G8KI@:@F A8M@<I :8C<IFKF8G8EK8 ; < D 8 E ;8 ;8 1  E F I D 8 A8EE<K?9FE@CC8;@8Q AL@:@F1;@MFI:@F:8LJ8C :8LJ8EÂ&#x2014;(*.-$)'(($G: KI8D@K<%M<I98CJLD8I@F :L8EK@81@E;<K<ID@E8;8 89F>8;F1 ;I% E<CJFE I@M8;<E<@I8 :8J@CC<IF1(0,) ALQ>8;F M@>yJ@DF ;< CF :@M@C ;< G@:?@E:?8% Hl`kf# dXik\j )0 [\ efm`\dYi\ [\c )'((#cXj('_,*%$<em`ikl[[\ hl\cXXZkfiX_X[X[fZldgc`$ d`\ekf X cX gifm`[\eZ`X hl\ Xek\Z\[\#j\ZXc`]`ZXcX[\dXe$ [X[\ZcXiX#Zfdgc\kX#gi\Z`jX pi\Â&#x2019;e\cfji\hl`j`kfj[\C\p#\e Zfej\Zl\eZ`Xj\cXXZ\gkXXcki}$ d`k\M\iYXcJldXi`f%$8k\ekfXc aliXd\ekfi\e[`[fgfi\cXZkfi j\Â&#x152;fi GXki`Z`f AXm`\i :Xc\if KfXgXekX2 p# [\ Zfe]fid`[X[ Zfecfhl\[`jgfe\\c8ik%/)[\c :Â?[`^f[\GifZ\[`d`\ekf:`m`c# ZÂ&#x2C6;k\j\XcX[\dXe[X[Xj\Â&#x152;fiX EFID8 A8EE<K? 9FE@CC8 ;@8Q# X kiXmÂ&#x201E;j [\ lef [\ cfj [`Xi`fj [\ dXpfi Z`iZlcXZ`Â?e hl\ j\ \[`kXe \e Â&#x201E;jkX Z`l[X[ [\Hl`kf#d\[`Xe[f\eki\leX pfkiXglYc`ZXZ`Â?efZ_f[Â&#x2C6;Xj%$ 8^iÂ&#x201E;^l\j\XcgifZ\jfcX[fZl$ d\ekXZ`Â?e X[alekX%$ KÂ&#x201E;e^Xj\ \e Zl\ekX \c ZXj`cc\if al[`Z`Xc EÂ&#x2014; (0,) gXiX jlj efk`]`ZXZ`f$ e\j%$:@K<J<PEFK@=@HL<J<% = %$;I%:<CJFIL@Q9<;FE# AL<QM@>yJ@DF;<CF:@M@C ;<G@:?@E:?8<E:8I>8;F% CF HL< :FDLE@:F 8 LJK<; G8I8 CFJ =@E<J ;< C<P# I<:FI;Ă?E;FC< C8 F9C@>8:@äE HL< K@<E< ;< J<z8C8I :8J@CC<IF AL;@:@8C <E <C CL>8I ;<C AL@:@F G8I8 I<:@9@I JLJ EFK@=@:8:@FE<J%$:<IK@=@:F ;i%>Xcf9}\qAX`d\ J<:I<K8I@F ?Xplej\ccf 8%:%&/*/,) I%;<C<% ALQ>8;F;<:@DFJ<>LE;F ;<CF:@M@C;<G@:?@E:?8 :@K8:@FEAL;@:@8C 8 D8IĂ 8 D 8 E L < C 8 :?@G8EK8J@> :?@G8EK8J@> p 8IH% >LJK8MF J8E;FM8C GĂ?C@Q# 8:KFI1 ALC@F 8E@98C >8I:<JK8D8PF ;<D8E;8;FJ 1 D8I@F =<IE8E;F <J G @ E FJ8 >LQDĂ?E# 8C;8 M@FC<K8 D<I:<;<J Q8D9I8EF 98;@CCF# D8I@8 D8EL<C8 :?@G8EK8J@> :?@G8EK8J@># ;I%AFJyD8IKĂ E<QE8I8EAF AL<Q;<:@DF;<CF:@M@C;< HL@KF# ;F:KFI<J 8C9<IKF G8C8:@FJ;LI8E>FpAL8E KFJ:8EF>8IQäEAL<:<J;< C8GI@D<I8J8C8;<CF:@M@C ;< C8 :FIK< GIFM@E:@8C ;< G@:?@E:?8# ;I% A8@D<

Ä&#x192;

G8I<;<J 9L<E8zF# 8IH% >LJK8MF J8E;FM8C G8C@Q p ;I% J8E;IF M8CC<AF 8I@JK@Q898C I<>@JKI8;FI ;< C8 GIFG@<;8; ;<C :8EKFEHL@KF AL@:@F :FCLJFI@F Ef% )0+ $)'(($I< :L8EK@81@e[\k\id`eX[X KI8D@K<1<jg\Z`Xc F9A<KF1 Hl\ j\ [\ZcXi\ cX elc`[X[[\cfj]Xccfj[\gi`d\i e`m\c#\og\[`[fgfi\c;i%AfjÂ&#x201E; DXikÂ&#x2C6;e\qEXiXeaf#Al\q;Â&#x201E;Z`df [\cf:`m`c[\G`Z_`eZ_X#\e\c al`Z`ffi[`eXi`fEf%('..$(00/$ =Jp\cgifeleZ`X[fgficfj[fZ$ kfi\j8cY\ikfGXcXZ`fj;liXe^f pAlXeKfjZXef>XiqÂ?eal\Z\j [\dXpfiÂ&#x2C6;X[\cXGi`d\iXJXcX [\ cf :`m`c p D\iZXek`c [\ cX :fik\Gifm`eZ`Xc[\G`Z_`eZ_X = L E ;8 D < E KF  C <> 8 C 1 :fejk`klZ`Â?e [\ cX I\gÂ&#x2019;Yc`ZX1 XikÂ&#x2C6;Zlcfj--$eÂ&#x2019;d\ifj(-%)-%#.-$ +%# p (.+$`eZ`jf j\^le[f2 C\p gXiX \c Alq^Xd`\ekf [\ cX :fclj`Â?e18ik%(%p-$2:Â?[`^f[\ GifZ\[`d`\ekf:`m`c#XikÂ&#x2C6;Zlcfj1 ((,#((.#*'.#*'/#*(*#*(,#)00$ )f%%$2C\p[\I\^`jkif#XikÂ&#x2C6;Zlcfj1 ,+#),$] 2 p# :Â?[`^f :`m`c# XikÂ&#x2C6;$ Zlcfj(.(/$(.),p)+('$(%$2j`e g\ial`Z`f[\Ali`jgil[\eZ`X% GIFM@;<E:@8 ALQ>8;F;<:@DFJ<>LE;F ;< CF :@M@C ;< G@:?@E:?8% Hl`kf# al\m\j )( [\ alc`f [\c )'((# cXj (+_(-% M@JKFJ%$Gfi _XY\iZldgc`[fZfecffi[\eX$ [f\ecXgifm`[\eZ`Xehl\Xek\$ Z\[\# cXj [\dXe[X \j ZcXiX# gi\Z`jXpgfii\le`icfj[\d}j i\hl`j`kfj[\C\p#j\cXXZ\gkX Xc ki}d`k\ jfc`Z`kX[f%$:fe cX Zfg`X [\ cX [\dXe[X p \jk\ Xlkf#ZÂ&#x2C6;k\j\Xcfj[\dXe[X[fj D8I@F=<IE8E;F<JG@EFJ8 >LQDĂ?E# 8C;8 M@FC<K8 D<I:<;<J Q8D9I8EF 98;@CCF# D8I@8 D8EL<C8 :?@G8EK8J@> :?@G8EK8J@># ;I%AFJyD8IKĂ E<QE8I8EAF AL<Q;<:@DF;<CF:@M@C;< HL@KF# ;F:KFI<J 8C9<IKF G8C8:@FJ;LI8E>FpAL8E KFJ:8EF>8IQäEAL<:<J;< C8GI@D<I8J8C8;<CF:@M@C ;< C8 :FIK< GIFM@E:@8C ;< G@:?@E:?8# ;I% A8@D< G8I<;<J 9L<E8zF# 8IH% > L J K8MF  J 8 E ; FM8 C G8C@Q p ;I% AFJ< 9FE@CC8 898I:8 I<>@JKI8;FI ;< C8GIFG@<;8;;<C:8EKFE HL@KF gXiX hl\ \e \c kÂ&#x201E;id`$ ef [\ j\`j [Â&#x2C6;Xj Zfek\jk\e cX [\dXe[X#gXiX\c\]\Zkf#ZÂ&#x2C6;k\$ j\ X cfj XZZ`feX[fj1 D8I@F =<IE8E;F <J G @ E FJ8 >LQDĂ?E p 8C;8 M@FC<K8 D<I:<;<J Q8D9I8EF 98;@CCF \e \c cl^Xi j\Â&#x152;X$ cX[f d\[`Xek\ Zfd`j`Â?e Xc j\Â&#x152;fi K\e`\ek\ GfcÂ&#x2C6;k`Zf [\ cX GXiifhl`X JXe 8ekfe`f [\ G`Z_`eZ_X#XD8IĂ 8D8EL<C8 :?@G8EK8J@> :?@G8EK8J@> p 8IH% >LJK8MF J8E;FM8C GĂ?C@Q# \e m`ikl[ [\c aliX$ d\ekf [\c XZkfi# [\ XZl\i[f Zfe \c 8ik% /) [\c :Â?[`^f [\ GifZ\[`d`\ekf :`m`c d\[`Xek\ ki\j glYc`ZXZ`fe\j \e lef [\ cfjg\i`Â?[`Zfj[\dXpfiZ`iZl$ cXZ`Â?e [\ \jkX Z`l[X[# X ;I% AFJy D8IKĂ E<Q E8I8EAF AL<Q;<:@DF;<CF:@M@C;< HL@KF# ;F:KFI<J 8C9<IKF G8C8:@FJ;LI8E>FpAL8E KFJ:8EF>8IQäEAL<:<J;< C8GI@D<I8J8C8;<CF:@M@C ;< C8 :FIK< GIFM@E:@8C ;< G@:?@E:?8# ;I% A8@D< G8I<;<J 9L<E8zF p ;I% AFJ< 9FE@CC8 898I:8 I<>@JKI8;FI ;< C8 GIFG@<;8; ;<C :8EKFE HL@KF \e \c cl^Xi j\Â&#x152;XcX[f gfi `ek\id\[`f [\ cX F]`Z`eX [\ :`kXZ`fe\j%$@ejZiÂ&#x2C6;YXj\ cX [\dXe[X\e\cI\^`jkif[\cX Gifg`\[X[ [\ Â&#x201E;jk\ :XekÂ?e%$ KÂ&#x201E;e^Xj\\eZl\ekX\cZXj`cc\if al[`Z`Xcj\Â&#x152;XcX[fpcXXlkfi`qX$ Z`Â?eZfe]\i`[XXjl[\]\ejfi%$ 8^iÂ&#x201E;^l\j\XcgifZ\jfcfj[fZl$

Ĺ? Ĺ?

Ĺ? 


Ĺ? Ĺ?

Ĺ? 

 

  

Ä&#x2026;

g Ĺ? Ä&#x201A;Ä&#x2020;Ĺ?Ĺ?Ĺ?Ĺ?Ä&#x201A;Ä&#x20AC;Ä Ä&#x201A;

Ĺ?+.Ĺ? Ä&#x152;Ĺ?

d\ekfj Xe\ofj X cX [\dXe$ [X%$Efk`]Â&#x2C6;hl\j\% ]  ;i% :Xicfj =\ie}e[\q@[ifmf%$Al\q% Cfhl\cc\mfXjlZfefZ`d`\e$ kf gXiX cfj ]`e\j [\ C\p# gi\$ m`e`Â&#x201E;e[fc\ [\ cX fYc`^XZ`Â?e hl\ k`\e\ [\ j\Â&#x152;XcXi ZXj`cc\if al[`Z`Xc gXiX jlj efk`]`ZXZ`f$ e\j%$ Hl`kf# ;`Z`\dYi\ )* [\c )'((%$:<IK@=@:F% ;I% =<IE8E;F E8I8EAF =8:KFJ J<:I<K8I@F;<CALQ>8;F() ;<CF:@M@C;<G@:?E:?8 I8QFE1J`\ekfgfikXchl\\e \jkX ]\Z_X \eki\^f Xc 8:KFI ALC@F 8E@98C >8I:<J \c \okiXZkfgXiXcXZ`kXZ`Â?eXcfj [\dXe[X[fjD8I@8D8EL<C8 :?@G8EK8J@> :?@G8EK8J@> p 8IH% >LJK8MF J8E;FM8C GĂ?C@Q%$Hl`kf#;`Z`\dYi\)*[\c )'((%$:<IK@=@:F% ;I% =<IE8E;F E8I8EAF =8:KFJ J<:I<K8I@F ?Xplej\ccf 8%:%&/*/*. <OKI8:KFAL;@:@8C ALQ>8;FJ<GK@DF;<CF :@M@C;<G@:?@E:?8 : @ K8 : @ ä E  A L ; @ : @ 8 C 81 J<IM@C@F <IE<JKF D8C;FE8;F8CM8I8;F 8:KFI1 <L><E@8 >@JJ<C8 @E=8EK<A8:?F AL@:@F1 ;@MFI:@F Ef% (,(-$ )'(($GG% KI8D@K<1M<I98CJLD8I@F :L8EK@81@E;<K<ID@E8;8 GIFM@;<E:@8 ALQ>8;F J<GK@DF ;< CF :@M@C;<G@:?@E:?8#$HL@KF# al\m\j )) [\ [`Z`\dYi\ [\c )'((# cXj '/_'0%$ M@JKFJ 8mfZf ZfefZ`d`\ekf [\ cX gi\j\ek\ ZXljX# \e d` ZXc`$ [X[ [\ Al\q k`klcXi [\ \jkX Al[`ZXkliX% CX [\dXe[X hl\ Xek\Z\[\ \j ZcXiX# Zfdgc\kX p i\Â&#x2019;e\ cfj [\d}j i\hl`j`kfj [\ c\p% <j gifZ\[\ek\ \c ki}$ d`k\ m\iYXc jldXi`f hl\ j\ jfc`Z`kX# \e Zfej\Zl\eZ`X# [\ Zfe]fid`[X[ Zfe cf gi\m`jkf gfi \c 8ik% /) [\c :Â?[`^f [\ GifZ\[`d`\ekf :`m`c p Xc aliX$ d\ekfi\e[`[fgfi\cXZkfi[\ cX`dgfj`Y`c`[X[[\[\k\id`eXi cX`e[`m`[lXc`[X[fi\j`[\eZ`X# j\ [`jgfe\ Z`kXi Xc [\dXe[X$ [f j\Â&#x152;fi J<IM@C@F <IE<JKF D8C;FE8;F8CM8I8;F#gfi cXgi\ejX\elef[\cfj[`Xi`fj [\ dXpfi Z`iZlcXZ`Â?e hl\ j\ \[`kX\e\jkXZ`l[X[[\Hl`kf# d\[`Xe[ffZ_f[Â&#x2C6;Xj\eki\ZX[X glYc`ZXZ`Â?e%KÂ&#x201E;e^Xj\\eZl\e$ kX cX `ej`elXZ`Â?e hl\ _XZ\ cX XZZ`feXek\gXiXcX[\j`^eXZ`Â?e [\ZliX[fiXX[$c`k\d%KÂ&#x201E;e^Xj\ \e Zl\ekX \c ZXj`cc\if al[`Z`Xc j\Â&#x152;XcX[fgficXZfdgXi\Z`\e$ k\%8^iÂ&#x201E;^l\ej\XcgifZ\jfcfj [fZld\ekfj hl\ j\ XZfdgX$ Â&#x152;Xe%$ EFK@=@HL<J<% ]  ;I% I8LC D8I@zF ?<IE8E;<Q% AL<Q% Cfhl\Zfdle`ZfXljk\[gXiX cfj]`e\j[\C\p#gi\m`e`\e[fc\ [\ cX fYc`^XZ`Â?e hl\ k`\e\ [\ j\Â&#x152;XcXi ZXj`cc\if al[`Z`Xc [\e$ kif[\cg\iÂ&#x2C6;d\kifp\ecX]fidX \jkXYc\Z`[X\ecXC\p% ;I%D8EL<C8DFED<;@E8 J<:I<K8I@F ?Xp]`idXpj\ccf 8:&/*-,-&k] I<GL9C@:8;<C<:L8;FI ALQ>8;FEFM<EF;<CF :@M@C;<G@:?@E:?8 HL@KF$<:L8;FI :@K8:@FE AL;@:@8C 8 C8 J<zFI8D8>FC8;<CIF:@F >I8E@QFD8:?8;F AL@:@FEf(+*'$)'((D:% KI8D@K< M<I98C JLD8I@F ;@MFI:@F  :L8EK@8@E;<K<ID@E8;8 8:KFIAL8ED@>L<C:FC@9IĂ  =8@:8E ;<D8E;8;F1 D8>FC8 ;<C IF:@F >I8E@QF D8:?8;F GIFM@;<E:@8%$

ALQ>8;F EFM<EF ;< CF :@M@C;<G@:?@E:?8%$HL@KF# cle\j)/[\efm`\dYi\[\c)'((# cXj '/?++$ M@JKFJ1 8mfZf ZfefZ`d`\ekf [\ cX gi\j\ek\ ZXljX \e d` ZXc`[X[ [\ Al\q Jlgc\ek\[\\jkXAl[`ZXkliXp \em`ikl[[\cjfik\fi\Xc`qX[f%$ <e cf gi`eZ`gXc# cX [\dXe[X gi\j\ekX[X# \j ZcXiX p gi\Z`$ jX gfi cf hl\ j\ cX XZ\gkX X ki}d`k\ M\iYXc JldXi`f%$ <e Zfej\Zl\eZ`XZÂ?iiXj\kiXjcX[f Zfe cX [\dXe[X p \jkX gifm`$ [\eZ`XXcX[\dXe[X[Xj\Â&#x152;fiX D8>FC8;<CIF:@F>I8E@QF D8:?8;F#Xhl`\ej\c\Z`kXi} gfid\[`f[\glYc`ZXZ`fe\j\e lef [\ cfj [`Xi`fj [\ dXpfi Z`iZlcXZ`Â?ephl\j\\[`kXe\e Â&#x201E;jkX[\Hl`kf#[\Zfe]fid`[X[ Zfecf[`jgl\jkf\e\c8ik%/)[\c :Â?[`^f[\GifZ\[`d`\ekf:`m`c%$ 8^iÂ&#x201E;^l\j\XcgifZ\jfcfj[fZl$ d\ekfjgi\j\ekX[fj%$KÂ&#x201E;e^Xj\ \eZl\ekX\cZXj`cc\ifp[fd`Z`$ c`fal[`Z`Xc[\j`^eX[fjpcXXlkf$ i`qXZ`Â?eZfe]\i`[XXjlXYf^X[f [\]\ejfi%$ EFK@=@HL<J<%$ ]  ;I%N8>E<IA8K@M8HL@IFQ AL<Q  CFHL<:FDLE@:F8LJK<; G8I8CFJ=@E<J;<C<P% ;i%Alc`f:Â&#x201E;jXiDlÂ&#x152;fq J<:I<K8I@F ALQ>8;F EFM<EF ;< CF :@M@C;<G@:?@E:?8 ?Xp]`idXpj\ccf 8:&/*--*&k] I<GL9C@:8;<C<:L8;FI ALQ>8;FGI@D<IF;<CF :@M@C;<G@:?@E:?8 :@K8:@äEAL;@:@8C81P8J9<C I8DĂ I<QD8>8Q <OKI8:KF 8:KFI81 JK8C@E 8E;I<J GFE:<IFJ<IF ; < D 8 E ;8 ; F 1  P8J 9 < C I8DĂ I<QD8>8Q AL@:@F ;< ;@MFI:@F Ef% (*'0$)'((%D> :L8EK@81@E;<K<ID@E8;8% ;<=<EJFI1 ;I% CL@J Q8D9I8EF :8J@CC8AL;@:@8CEf*.(, =<:?8 ;< @E@:@F1 () ;< F:KL9I<;<)'(($()$', GIFM@;<E:@8 ALQ>8;F GI@D<IF ;< CF :@M@C ;< G@:?@E:?8% Hl`kf# cle\j [\ (. [\ fZklYi\ [\c )'((# cXj ('_)0%$ M@JKFJ1 CX [\dXe[X[\[`mfiZ`fhl\Xek\$ Z\[\\jZcXiX#gi\Z`jXpi\Â&#x2019;e\ cfj [\d}j i\hl`j`kfj c\^Xc\j# \eZfej\Zl\eZ`Xj\cXX[d`k\ Xki}d`k\m\iYXcjldXi`f% 8^iÂ&#x201E;^l\j\ Xc gifZ\jf cX gif$ ZliXZ`Â?eal[`Z`Xcfkfi^X[Xgfi JkXc`e 8e[iÂ&#x201E;j GfeZ\ Ifj\if X ]Xmfi [\c ;i% Cl`j 8c]i\[f QXdYiXef KXe`ZlZ_`%$ :Â&#x2C6;k\j\ X P8J9<C I8DĂ I<Q D8>8Q# gfi cX gi\ejX# [\ Zfe]fid`$ [X[ Xc 8ik% /) [\c :Â?[`^f [\ GifZ\[`d`\ekf:`m`c\elef[\ cfj [`Xi`fj cfZXc\j [\ dXpfi Z`iZlcXZ`Â?e%$Efk`]Â&#x2C6;hl\j\%$ Cfhl\gfe^f\eZfefZ`d`\ekf XcgÂ&#x2019;Yc`Zf\e^\e\iXc#gXiXcfj ]`e\j c\^Xc\j  Zfii\jgfe[`\e$ k\j% ;i%GXYcfKfif:Xii`ccf J\Zi\kXi`f ?Xplej\ccf 8%:%&/*-'/ <OKI8:KF ALQ>8;FHL@EKF;<CF :@M@C;<@98II8 :@K8:@äE81MĂ :KFI?L>F D8@>L8G<;I8Q8 8:KFI1  D8IĂ 8 GL<EK< :LP8>F ;<D8E;8;F1MĂ :KFI?L>F D8@>L8G<;I8Q8 ;FD@:@C@F ;< C8 8:KFI8% ;I%AFI><E<>I<K< :8J@CC<IFEIF%/+ AL@:@FM<I98CJLD8I@F D8K<I@81;@MFI:@FEIF,*($ )'((II :L8EKĂ 81@E;<K<ID@E8;8 GIFM@;<E:@8

   Ĺ? 

ALQ>8;F HL@EKF ;< CF :@M@C;<@98II8%@YXiiX#al\$ m\j(,[\[`Z`\dYi\[\c)'((# cXj((_*/%M@JKFJ%?XY`Â&#x201E;e[fj\ [X[fZldgc`d`\ekfXcffi[\eX$ [f\egifm`[\eZ`XXek\i`fi#j\ ZXc`]`ZX cX [\dXe[X \j ZcXiX# Zfdgc\kX# gi\Z`jX p i\Â&#x2019;e\ cfj i\hl`j`kfj[\c\phl\c\Zfii\j$ gfe[\gficfhl\j\XZ\gkXX ki}d`k\M\iYXcJldXi`f%8k\ekf \caliXd\ekfp[\Zfe]fid`[X[ Zfecfj8ikj%/)[\c:Â?[`^f[\ GifZ\[`d`\ekf :`m`c M`^\ek\ p ((0 [\c :Â?[`^f :`m`c ZÂ&#x2C6;k\j\ Xc [\dXe[X[f MĂ :KFI ?L>F D8@>L8G<;I8Q8gficXgi\e$ jXd\[`Xek\ki\jglYc`ZXZ`fe\j \elef[\cfj[`Xi`fj[\dXpfi Z`iZlcXZ`Â?e [\ \jkX Z`l[X[ [\ @YXiiX p cX Z`l[X[ [\ Hl`kf d\[`Xe[f fZ_f [Â&#x2C6;Xj _}Y`c\j \eki\ZX[XleX%:fe`ej`elX$ Z`Â?e [\ :liX[fi 8[ cÂ&#x2C6;k\d [\c d\efi DX`^lX Gl\ek\# fÂ&#x2C6;^Xj\ Xcj\Â&#x152;fiAl\q[\cXE`Â&#x152;\qpcX 8[fc\jZ\eZ`X[\@dYXYliX#Zfe hl`\ej\ZfekXi}\e\jkXZXljX Z`k}e[fc\\ec\^Xc]fidX% KÂ&#x201E;e^Xj\ \e Zl\ekX cX ZlXekÂ&#x2C6;X p ZXj`cc\if al[`Z`Xc j\Â&#x152;XcX[f% 8^iÂ&#x201E;^l\j\cX[fZld\ekXZ`Â?e gi\j\ekX[X%Efk`]Â&#x2C6;hl\j\% ]  ;i% E\cjfe EXmXii\k\% Al\q% <cJ\Zi\kXi`f%:\ik`]`ZX Cfhl\Z`kfXL[%GXiXcfj]`e\j [\C\p# @YXiiX#;`Z`\dYi\)-[\c)'(( CZ[f%=XY`}e?`[Xc^f J<:I<K8I@F ?Xp]`idXpj\ccf 8[&)+*(0&X` I%;<C<% 8 D8I@8 =<IE8E;8 A8:?F K<E<C<D8GFI;<J:FEF:<I JL;FD@:@C@FFI<J@;<E:@8 C<?8>FJ89<I<CJ@>L@<EK< AL@:@F;<;@MFI:@F1 <OKI8:KF1 8:KF I 1  AlXe :X i c fj PXeZ_Xk`gXeDfi\kX ;<D8E;8;81DXiÂ&#x2C6;X=\ieXe[X AXZ_fK\e\c\dX :C8J<;<AL@:@F1;`mfiZ`f% KI8D@K<1M\iYXcJldXi`f% :L8EK@81@e[\k\id`eX[X% AL<Q;<C8:8LJ81;i%IXÂ&#x2019;c :Xjkif>% ELD<IF ;< AL@:@F1 ./-$ )'((% GIFM@;<E:@81 ALQ>8;F ;<:@DF GI@D<IF ;< CF :@M@C G<C@C<F  ;< KLE>LI8?L8%  G\c`c\f# m`\i$ e\j(([\efm`\dYi\[\c)'((# cXj (,_*+%  M@JKFJ1 LeX m\q hl\ \c XZkfi _X Zldgc`[f Zfe cf [`jgl\jkf \e gifm`[\eZ`X gi\Z\[\ek\# cX [\dXe[X [\ [`mfiZ`f# hl\ Xek\Z\[\# \j ZcXiX#Zfdgc\kXpj\cXX[d`k\Xc ki}d`k\m\iYXcjldXi`f2\em`jkX [\hl\\cZfdgXi\Z`\ek\AlXe :XicfjPXeZ_XgXkÂ&#x2C6;eDfi\kX#_X dXe`]\jkX[f Zfe aliXd\ekf hl\ \j `dgfj`Yc\ [\k\id`eXi \c[fd`Z`c`ffi\j`[\eZ`X[\cX [\dXe[X[X DXiÂ&#x2C6;X =\ieXe[X AXZ_fK\e\c\dX#ZÂ&#x2C6;k\j\c\XÂ&#x201E;jkX gfi cX gi\ejX Zfe \c \okiXZkf [\ cX [\dXe[X p \jk\ Xlkf# gfi ki\j m\Z\j# \e lef [\ cfj [`Xi`fj [\ Xdgc`X Z`iZlcXZ`Â?e [\cXZ`l[X[[\8dYXkf#`ek\i$ d\[`Xe[f gfi cf d\efj fZ_f [Â&#x2C6;Xj_}Y`c\j\eki\ZX[XleX[\ \ccXj#hl`\egf[i}ZfdgXi\Z\i Xal`Z`f[\ekif[\ckÂ&#x201E;id`ef[\ m\`ek\[Â&#x2C6;XjZfekX[fjXgXik`i[\ cXÂ&#x2019;ck`dXglYc`ZXZ`Â?e2\edÂ&#x201E;i`kf X cXj `ej`elXZ`fe\j [\ GXlcX :XkXc`eX G\iXcmf Ifd\if p N`cc`XdKlYÂ?eD`iXe[Xj\efd$ YiX Zfdf :liX[fi 8[$C`k\d gXiXhl\c\i\gi\j\ek\Xcd\efi B\m`eA\jÂ&#x2019;jPXeZ_XgXkÂ&#x2C6;eAXZ_f \ecXkiXd`kXZ`Â?e[\cgi\j\ek\ al`Z`f# Xc j\Â&#x152;fi :c\m\i Gfc`m`f PXeZ_XgXkÂ&#x2C6;e Dfi\kX# hl`\e j\ gfj\j`feXi}[\ekif[\ckÂ&#x201E;id`ef [\ki\j[Â&#x2C6;Xj[\efk`]`ZX[f2X^iÂ&#x201E;$ ^l\j\ Xc \og\[`\ek\ cX [fZl$ d\ekXZ`Â?egi\j\ekX[X#kÂ?d\j\ \eZl\ekXcXZXj`ccXal[`Z`XcEf *. j\Â&#x152;XcX[X gXiX i\Z`Y`i cXj efk`]`ZXZ`fe\j g\ik`e\ek\j# cX [\j`^eXZ`Â?e [\ [\]\ejfi p cX Xlkfi`qXZ`Â?e [X[X Xc d`jdf%$ :Â&#x2C6;k\j\pefk`]Â&#x2C6;hl\j\% =`idX@c\^`Yc\ ;I% I 8L C  : 8 JK I F >FEQ8C<Q AL<Q<E:8I>8;F :\ik`]`Zf1 =`idX@c\^`Yc\ ;iX%C`[`XEXiXeafCc%

9kWdZeXehZ[WceikdWX_iceobW deY^[[ij[d[XheiW"[b`_d[j[iWX_e ik[bjWbWih_[dZWioi[[djh[]W Wb_dij_djeZ[bYWXWbbe$ F 7 B 7 9 ? E  L 7 B : x I " 7 H C 7 D : E  J<:I<K8I@8<E:8I>8;8 Cf hl\ :@KF X ljk\[ X ]`e [\ hl\j\[`^e\j\Â&#x152;XcXiZXj`ccX\e G\c`c\f _XjkX m\`ek\ [Â&#x2C6;Xj [\j$ glÂ&#x201E;j[\cXÂ&#x2019;ck`dXglYc`ZXZ`Â?e% CXJ\Zi\kXi`X<eZXi^X[X =`idX@c\^`Yc\ ;iX%C`[`XEXiXeaf% ('++,.

D<EFI<J :@K8:@äEAL;@:@8C KI<J* GL9C@:8:@FE<J I<Gè9C@:8;<C<:L8;FI C8 J<:I<K8IĂ 8 ;<C ALQ>8;F J<>LE;F ;< E@z<QP8;FC<J:<E:@8;<C :8EKäEHL@KF 8C J<zFI ;8IN@E ;8M@; D8@J@E:?F :LD98A@E P 8C Gè9C@:F <E ><E<I8C C<J ?8>F :FEF:<I CF J@>L@<EK< <OKI8:KF 8:KFI81 ?<C<E ;<C IF:@F DLCCF:<G<;8 ;<D8E;8;F;8IN@E;8M@; D8@J@E:?F:LD98A@E D<EFI18E>?<C@E8M8C<I@8 DLCCF:<G<;8 :8LJ818C@D<EKFJE$''+)$ )'('$J? :L8EK@81;FJD@C;äC8I<J ;<CFJ<JK8;FJLE@;FJ;< EFIK<8DyI@:8% GIFM@;<E:@8J ALQ>8;F J<>LE;F ;< E@z<QP8;FC<J:<E:@8;<C :8EKäEHL@KF%$),[\dXiqf [\)'('#cXj((_,,%$ M@JKFJ1 <e m`ikl[ [\c jfik\f XmfZf ZfefZ`d`\ekf [\ cX gi\j\ek\# p \e d` ZXc`[X[ [\ Al\qJlgc\ek\[\\jk\Alq^X[f \eZXi^X[fd\[`Xek\XZZ`Â?e[\ g\ijfeXcEf---$;G$;;G[\ ]\Z_X('[\XYi`c[\)''/%<e cf gi`eZ`gXc# cX [\dXe[X hl\ gi\Z\[\j\cXZXc`]`ZX[\ZcXiX# gi\Z`jX p i\Â&#x2019;e\ cfj i\hl`j`kfj [\ c\p XZ\gk}e[fcX X ki}d`k\ \jg\Z`Xc%$ j\ ]`aX Zfdf g\e$ j`Â?eXc`d\ek`Z`Xgifm`j`feXccX ZXek`[X[[\J<J<EK8EL<M< ;äC8I<J ;< CFJ <JK8;FJ LE@;FJ;<EFIK<8DyI@:8X

]Xmfi[\cXd\efi8E>?<C@E8 M8C<I@8ZXek`[X[hl\\cj\Â&#x152;fi ;8IN@E ;8M@; D8@J@E:?F :LD98A@E [\gfj`kXi}e \e \c 9XeZf [\ >lXpXhl`c gi\m`X cX Xg\ikliX [\ cX kXia\kX Zfii\j$ gfe[`\ek\ \e cX GX^X[liÂ&#x2C6;X [\ \jk\ Alq^X[f# gfi d\jX[Xj Xek`Z`gX[Xj# [\ XZl\i[f X cf hl\ \jkXYc\Z\ \c 8ik% / `eel$ d\iX[f#[\cXC\pi\]fidXkfi`X Xc K`klcf M c`Yif J\^le[f [\c :Â?[`^fFi^}e`Zf[\cXE`Â&#x152;\qp 8[fc\jZ\eZ`X#\jkXg\ej`Â?ej\ cX]`aX[\XZl\i[fXcXkXYcX[\ g\ej`fe\jXc`d\ek`Z`Xj\cXYfiX$ [Xgfi\c:fej\afEXZ`feXc[\cX E`Â&#x152;\qp8[fc\jZ\eZ`X%:@K<J< Xc[\dXe[X[f;8IN@E;8M@; D8@J@E:?F :LD98A@E# [\ Zfe]fid`[X[ Zfe cfj 8ik% (') [\c :Â?[`^f [\ GifZ\[`d`\ekf :`m`c p ).* [\c :Â?[`^f [\ cX E`Â&#x152;\qp8[fc\jZ\eZ`Xpj\Â&#x152;Xc\ [fd`Z`c`f Al[`Z`Xc p f Zfii\f \c\ZkiÂ?e`Zf gXiX i\Z`Y`i jlj gfjk\i`fi\j efk`]`ZXZ`fe\j2 XeleZ`Xe[f jlj d\[`fj gif$ YXkfi`fj i\jg\Zk`mfj2 gi\m`$ e`Â&#x201E;e[fc\ hl\ \e ZXjf [\ ef Zfek\jkXi e` j\Â&#x152;XcXi [fd`Z`c`f gXiX jlj efk`]`ZXZ`fe\j j\ j\^l`i}ZfecXgi\j\ek\ZXljX \e jl i\Y\c[Â&#x2C6;X Xk\ekf cf jfc`$ Z`kX[f gfi cX [\dXe[Xek\ [\ Zfe]fid`[X[ Zfe cf [`jgl\jkf \e \c 8ik% `eeld\iX[f ), [\ cX c\p I\]fidXkfi`X Xc :Â?[`^f [\ cX E`Â&#x152;\q p 8[fc\jZ\eZ`X# I\ZÂ&#x201E;gk\j\cXZfe]\j`Â?eal[`Z`Xc [\c [\dXe[X[f Zfe]fid\ j\ jfc`Z`kX XjÂ&#x2C6; Zfdf cXj [\ZcX$ iXZ`fe\j k\jk`dfe`Xc\j [\ cfj k\jk`^fj j\Â&#x152;XcX[fj% KÂ&#x201E;e^Xj\ \e Zl\ekX \c ZXj`cc\if al[`$ Z`Xc j\Â&#x152;XcX[f gfi cX XZkfiX%$ 8^iÂ&#x201E;^l\j\ cX [fZld\ekXZ`Â?e X[alekX%$ EFK@=@HL<J< ] % ;i% AlXe :Xicfj ?l`cZX# Al\q Jlgc\ek\% ALQ>8;F J<>LE;F ;< E@z<QP8;FC<J:<E:@8;<C :8EKäE HL@KF% Hl`kf# d`Â&#x201E;i$ Zfc\j(,[\ale`f[\c)'((#cXj '0_'+%$M@JKFJ18^iÂ&#x201E;^l\j\Xc gifZ\jf \c \jZi`kf gi\j\ekX[f pgfiZlXekfcXj\Â&#x152;fiX?<C<E

;<CIF:@FDLCCF:<G<;8_X [\ZcXiX[fYXafaliXd\ekfhl\ _X j`[f `dgfj`Yc\ [\k\id`eXi cX `e[`m`[lXc`[X[ f i\j`[\eZ`X [\c [\dXe[X[f j\ [`jgfe\ :@K8I gfi cX gi\ejX Xc j\Â&#x152;fi ;8IN@E ;8M@; D8@J@E:?F :LD98A@E# d\[`Xek\ ki\j glYc`ZXZ`fe\jhl\j\_Xi}e\e ]\Z_Xj[`jk`ekXj#\elef[\cfj [`Xi`fj [\ dXpfi Z`iZlcXZ`Â?e [\ cX Gifm`eZ`X [\ G`Z_`eZ_X# X]`e[\hl\Zfek\jk\[\Zfe$ ]fid`[X[Zfecfj8ikj%(')[\c :Â?[`^f[\GifZ\[`d`\ekf:`m`c# ).*[\c:Â?[`^f[\E`Â&#x152;\qpj\Â&#x152;X$ c\[fd`Z`c`fal[`Z`XcgXiXi\Z`Y`i efk`]`ZXZ`fe\jgfjk\i`fi\j#YXaf gi\m\eZ`fe\j [\ c\p%$ J` Zfe$ kX[fj m\`ek\ [Â&#x2C6;Xj X gXik`i [\c [Â&#x2C6;Xj`^l`\ek\[\cX]\Z_X[\cX Â&#x2019;ck`dXglYc`ZXZ`Â?eefZfdgX$ i\Z`\i\#j\j\^l`i}ZfecXZXljX \e jl i\Y\c[Â&#x2C6;X%$ Efk`]Â&#x2C6;hl\j\%$ ] ;i%AlXe:Xicfj?l`cZX#Al\q Jlgc\ek\% Cfhl\Zfdle`ZfXljk\[gXiX cfj]`e\j[\c\p% 8k\ekXd\ek\# ;I%=<C@OALD9F J<:I<K8I@F<E:8I>8;F ?Xplej\ccf 8I&(.00,&ZZ <OKI8:KFAL;@:@8C ALQ>8;FJ<GK@DF;<CF :@M@C;<G@:?@E:?8 :@K8:@FE AL;@:@8C 8%$ :8ID<C@E8 :8IM8A8C =I<@I< 8:KFI1>8CFG8KI@:@FM8CC< DFJHL<I8 ;<D8E;8;81 :8ID<C@E8 :8IM8A8C=I<@I< AL@:@F1 ;@MFI:@F Ef (*+* $ )'(($>M KI8D@K<1M<I98CJLD8I@F :L8EK@81@E;<K<ID@E8;8 GIFM@;<E:@81 ALQ>8;F J<GK@DF ;< CF :@M@C ;< G@:?@E:?8% Hl`kf# dXik\j (, [\ efm`\dYi\ [\c )'((# cXj '/_)0% M@JKFJ1 8mfZfZfefZ`d`\ekf[\cXgi\$ j\ek\ ZXljX \e d` ZXc`[X[ [\ Al\qk`klcXi[\\jkXAl[`ZXkliX% CX [\dXe[X hl\ Xek\Z\[\ \j ZcXiX# Zfdgc\kX p i\Â&#x2019;e\ cfj

[\d}j i\hl`j`kfj [\ c\p% <j gifZ\[\ek\ \c ki}d`k\ m\iYXc jldXi`f hl\ j\ jfc`Z`kX# \e Zfej\Zl\eZ`X#[\Zfe]fid`[X[ Zfe cf gi\m`jkf gfi \c 8ik% /) [\@ :Â?[`^f [\ GifZ\[`d`\ekf :`m`c#pcXX]`idXZ`Â?eYXafaliX$ d\ekf [\c XZkfi [\ hl\ c\ _X j`[f `dgfj`Yc\ [\k\id`eXi cX `e[`m`[lXc`[X[ f i\j`[\eZ`X# ZÂ&#x2C6;k\j\ X cX [\dXe[X[X j\Â&#x152;f$ iX :Xid\c`eX :XimXaXc =i\`i\# gfi cX gi\ejX \e lef [\ cfj [`Xi`fj [\ dXpfi Z`iZlcXZ`Â?e hl\j\\[`kX\e\jkXZ`l[X[[\ Hl`kf#Zfdf\c[\cXZ`l[X[[\ 8dYXkf#d\[`Xe[ffZ_f[Â&#x2C6;Xji\ ZX[XglYc`ZXZ`Â?e%$8^iÂ&#x201E;^l\ej\ XcgifZ\jfcfj[fZld\ekfhl\ XZfdgXÂ&#x152;Xe%KÂ&#x201E;e^Xj\\eZl\e$ kX \c ZXj`cc\if al[`Z`Xc j\Â&#x152;X$ cX[f gfi \c ZfdgXi\Z`\ek\% EFK@=@HL<J<% =  ;I% I8LC D8I@zF ?<IE8E;<QAL<Q% Cfhl\Zfdle`ZfXljk\[gXiX cfj]`e\j[\c\p#gi\m`e`Â&#x201E;e[fc\ k`\e\[\j\Â&#x152;XcXiZXj`cc\ifal[`$ Z`Xc[\ekif[\cg\iÂ&#x2C6;d\kifp\ecX ]fidX\jkXYc\Z`[fj\ecXC\p% ;I%D8EL<C8DFED<;@E8 J<:I<K8I@F ?Xp]`idXpj\ccf 8:&/*+/*&k]

I%[\c<% J<:I<K8Ià8;<CALQ>8;F J<>LE;F;<C8E@z<QPC8 8;FC<J:<E:@8;<C:8EKFE HL@KF 8 C8 JI8% A<EEP D8I@JFC :?8D98 FIK<>8 P 8C Gè9C@:F <E ><E<I8C# C<J ?8>F J89<I C8 J@>L@<EK< ;<D8E;81

<OKI8:KF1 8:KF I8 1  IFJ8  D 8 % ;<C :8ID<E M8JHL<Q GFE:<# GI<J@;<EK8 P I<GI<J<EK8EK< C<>8C ;< C8 =LE;8:@FE Ă&#x2C6;8D@>FJ ;< C8M@;8Ă&#x2030; ; < D 8 E ;8 ;8 1  A < E E P D8I@JFC:?8D98FIK<>8 D<EFI1 8E;I<8 :8IFC@E8 :?8D98FIK<>8 :8LJ81 GI@M8:@FE ;< G8KI@8 GFK<JK8; Ef% ('-($ )'(($<CM% :L8EKĂ 81@E;<K<ID@E8;8 AL<Q1AL<QJ<>LE;F;<C8 E@z<Q P C8 8;FC<J:<E:@8 ;<C :8EKFE HL@KF# 8;ALEKF% GIFM@;<E:@81 ALQ>8;F J<>LE;F ;< C8 E@z<Q P 8;FC<J:<E:@8 ;<C :8EKFE HL@KF% )- ;< ;@:@<D9I< ;<C )'((# cXj (+_'-Ă&#x2039;% M@JKFJ1 Gfi \c jfi$ k\f i\Xc`qX[f# ;i% G\[if 8i`Xj :fife\c# XmfZf ZfefZ`d`\ekf [\ cX gi\j\ek\ ZXljX# \e d` ZXc`[X[ [\ Al\q 8[alekf [\ \jk\ ;\jgXZ_f# [\ Zfe]fi$ d`[X[ Zfe cX I\jfclZ`Â?e Ef% ',*$)'('#glYc`ZX[X\e\cI%F% Ef% )-+ [\ ), [\c )'('2 8ik% *# c`k% Z # :fekiXkf jljZi`kf fe ]\Z_X(.[\X^fjkf[\c)'('#[\ XZl\i[fXcf\jkXYc\Z`[f\e\c 8ik%(.([\c:Â?[`^fFi^}e`Zf[\ cX=leZ`Â?eAl[`Z`Xc%<ecfgi`e$ Z`gXc# cX [\dXe[X gi\j\ekX[X \j ZcXiX# gi\Z`jX p i\Â&#x2019;e\ cfj i\hl`j`kfjc\^Xc\j#XZ\gk}e[fcX Xcki}d`k\\jg\Z`Xc%Gfi_XY\i ZfdgXi\Z`[f cX XZZ`feXek\ JI8% D8I@8 ;<C :8ID<E M8JHL<QGFE:<p[\ZcXiX[f YXafaliXd\ekfjfYi\\c[\jZf$ efZ`d`\ekf[\c[fd`Z`c`f[\cX [\dXe[X[X#j\[`jgfe\:@K8I X cX [\dXe[X[X JI8 A<EEP D8I@JFC :?8D98 FIK<>8# gfi cX gi\ejX# d\[`Xek\ ki\j glYc`ZXZ`fe\jhl\j\_Xi}e\e lef[\cfj[`Xi`fj[\dXpfiZ`i$ ZlcXZ`Â?eeXZ`feXc#\e]\Z_Xj[`j$ k`ekXj2j`Zldgc`[fjm\`ek\[Â&#x2C6;Xj ZfekX[fj[\j[\\c[Â&#x2C6;Xj`^l`\e$ k\[\cXÂ&#x2019;ck`dXglYc`ZXZ`Â?eef ZfdgXi\Z`\i\ g\ijfeX Xc^leX

REPUBLICA DEL ECUADOR SUPERINTENDENCIA DE COMPAĂ&#x2018;IAS

EXTRACTO DE LA ESCRITURA PĂ&#x161;BLICA DE DISOLUCIĂ&#x201C;N VOLUNTARIA Y ANTICIPADA DE LA COMPAĂ&#x2018;Ă?A TRADECORP COMPAĂ&#x2018;Ă?A LIMITADA

CONVOCATORIA COMPAĂ&#x2018;IA DE TRANSPORTES DE CARGA PESADA TRANSVOLMACO S.A. De conformidad a lo que estĂĄ establecido en la Ley de CompanĂ­as, Art. 213 y 235 y en el Estatuto de la CompanĂ­a ArtĂ­culo DĂŠcimo Primero, se convoca a las seĂąoras y seĂąores Accionistas de TRANSVOLMACO S.A., a la Junta General Extraordinaria, para el dĂ­a viernes 3 de febrero del 2012, a las 18H00, ha realizarse en la Oficina de la CompanĂ­a, ubicada en la Avenida RumiĂąahui Sector El Colibri de esta ciudad de SangolquĂ­ para tratar los siguientes puntos del Orden del DĂ­a; 1.- ConstataciĂłn del QuĂłrum;

1.- Se pone en conocimiento del público que, la Superintendencia de Compaùías mediante Resolución No. SC.IJ.DJDLQ.12.0166 de 12 ENE 2012. aprobóla escritura pública de disolución voluntaria de la compaùía TRADECORP COMPANIA LIMITADA, otorgada ante el Notario CuadragÊsimo del Distrito Metropolitano de Quito, el 12 de septiembre de 2011, a fin de que quienes se creyeren asistidos del derecho de oposición previsto en el artículo 33 de la Ley de Compaùías, como acto previo a su inscripción, puedan presentar su petición ante uno de los Jueces de lo Civil del domicilio principal de la compaùía, dentro de los seis días contados desde la fecha de la última publicación de este extracto y, ademås, pongan el particular en conocimiento de la Superintendencia de Compaùías. El Juez que reciba la oposición notificarå a esta Superintendencia, dentro del tÊrmino de dos días siguientes, juntamente con el escrito de oposición y providencia recaída sobre ella. En caso de no existir oposición o de no ser notificada en la forma antes indicada se procederå a la inscripción de la referida escritura pública de la indicada compaùía y al cumplimiento de los demås requisitos legales.

2.- Informe del Presidente; 3.- DesignaciĂłn y PosesiĂłn de Administradores; 4.- Nombramiento de Comisario Principal y Suplente; 5.- Nombramiento de los Miembros del Consejo de Vigilancia ;y, 6.- Fijar la RetribuciĂłn de los Comisarios 7.- Asuntos Varios

2.- Al otorgamiento de la escritura pĂşblica antes mencionada comparece el seĂąor Alberto Leopoldo Dorfzaun Heid, en su calidad Presidente - Gerente General. El compareciente es de nacionalidad ecuatoriana, de estado civil casado y domiciliado en el Distrito Metropolitano de Quito. La junta general ordinaria y universal de socios de la compaùía TRADECORP COMPAĂ&#x2018;Ă?A LIMITADA, celebrada el 30 de abril de 2011, resolviĂł nombrar Liquidador Principal al seĂąor Alberto Leopoldo Dorfzaun Heid, quien para los efectos del artĂ­culo 393 de la Ley de Compaùías, notifican a los acreedores de la empresa para que en el tĂŠrmino de veinte dĂ­as contado a partir de la Ăşltima publicaciĂłn de este Extracto, presenten los documentos que acrediten su derecho en la direcciĂłn domiciliaria de la compaùía.

SangolquĂ­, 24 de Enero del 2012 Distrito Metropolitano de Quito, a 12 ENE 2012 Atentamente, Sr. Carlos Alfredo Llumiquinga GarcĂ­a PRESIDENTE AC/83844/tf

AB. PATRICIA CHIRIBOGA SANCHEZ DIRECTORA JURIDICA DE DISOLUCIĂ&#x201C;N Y LIQUIDACIĂ&#x201C;N DE COMPAĂ&#x2018;Ă?AS AC/83818/tf


_XZ`\e[fmXc\ijlj[\i\Z_fjl fgfe`Â&#x201E;e[fj\Xcgi\j\ek\ki}d`$ k\#j\j\^l`i}ZfecXgi\j\ek\ ZXljX\ejli\Y\c[Â&#x2C6;X%KÂ&#x201E;e^Xj\ \eZl\ekX\c[fd`Z`c`fal[`Z`Xc j\Â&#x152;XcX[fgficXZfdgXi\Z`\ek\ pX^iÂ&#x201E;^l\j\cX[fZld\ekXZ`fe gi\j\ekX[X% @ek\im`\e\ cX ;iX% 8cYX GXcX^lXZ_` CXjjf# \e jl ZXc`[X[ [\ J\Zi\kXi`X 8[alekX [\ \jk\ ;\jgXZ_f% KÂ&#x201E;e^Xj\ \eZl\ekX\c[fd`Z`c`fal[`Z`Xc j\Â&#x152;XcX[fgficfjZfdgXi\Z`\e$ k\j p X^iÂ&#x201E;^l\j\ cX [fZld\e$ kXZ`Â?eX[alekX%Efk`]Â&#x2C6;hl\j\%=  ;i% G\[if 8i`Xj :fife\c# Al\q [\ cX E`Â&#x152;\q p 8[fc\jZ\eZ`X# 8[alekf% GXik`ZlcXi hl\ :@KF gXiX cfj ]`e\j[\C\p% 8k\ekXd\ek\# ;I8% 8C98 G8C8>L8:?@ C8JJF J<:I<K8I@8 AL;@:@8C 8;ALEK8 AJE8H% <o`jk\]`idXpj\ccf% 8%G%&,(--,&b%d% ALQ>8;FGI@D<IF;<C8 E@z<QP8;FC<J:<E:@8;< JL:LD9@FJ% :@K8:@FEAL;@:@8C% <OKI8:KF% 8:KFI1 EL9< D8I>FK? CFG<Q:8CC<% :Xj% Al[`Z`Xc1 ;i% I8=8<C J8E;FM8CD@E;@FC8% ; < D 8 E ;8 ; F 1  O 8M @ < I 8;FC=FC8@E<J<JG@EFQ8% F9A<KF1 @E:@;<EK< ;< 8LD<EKF ;< G<EJ@FE 8C@D<EK@:@8% :8LJ8 ;<J@>E8;8 :FE <C Ef%')*+$)''0% KI8D@K<1:fek\eZ`fjf>\e\iXc :`m`c% M@JKFJ%$ 8mfZf ZfefZ`d`\ekf [\cXgi\j\ek\ZXljX\eiXqÂ?e [\_XY\ij`[fefdYiX[fAl\q [\cXE`Â&#x152;\qp8[fc\jZ\eZ`X[\ JlZldYÂ&#x2C6;fj#Xc\jkXic\^Xcd\ek\ gfj\j`feX[fp\e]leZ`fe\j%<e cfgi`eZ`gXc%$CX[\dXe[X[\;< @E:@;<EK<;<8LD<EKF;< GI<JK8:@äE 8C@D<EK@:@8# gi\j\ekX[X gfi EL9< D8I>FK? CFG<Q :8CC< \e

ZfekiX [\ O8M@<I 8;FC=F C8@E<J<JG@EFQ8#i\ZcXdXe$ [fleXld\ekfXcXg\ej`Â?e[\ Xc`d\ekfj X ]Xmfi [\ 8;I@8E I@:8I;FC8@E<JCFG<Q#hl\ Xek\Z\[\gfii\le`icfji\hl`$ j`kfj [\ c\p [\k\id`eX[fj \e \c8ik%-.[\cX:f[`]`ZXZ`Â?eXc :Â?[`^f[\GifZ\[`d`\ekf:`m`c# j\cXZXc`]`ZX[\ZcXiX#gi\Z`jX# Zfdgc\kX#gficfhl\j\cXXZ\g$ kXXki}d`k\i\jg\Zk`mfYXaf\c gifZ\[`d`\ekf gi\jZi`kf \e cX c\pi\]fidXkfi`XXck`klcfM#c`Yif @@ [\c :Â?[`^f Fi^}e`Zf [\ cX E`Â&#x152;\qp8[fc\jZ\eZ`X#\ei\cX$ Z`Â?eXcfj8ikj%0%*,%*.p*0[\ cXji\]fidXji\]\i`[Xj#glYc`ZX$ [Xj \e \c I\^`jkif F]`Z`Xc Ef% -+*[\cdXik\j)/[\alc`f[\c )''0#\em`ikl[[\cfhl\\jkX$ Yc\Z\ cXj i\]fidXj `e[`ZX[Xj# \eZfieZfi[XeZ`XZfecfj8ikj% ++ p (-0 [\ cX :fejk`klZ`Â?e [\cXI\gÂ&#x2019;Yc`ZX[\c<ZlX[fip 8ik%(([\c:Â?[`^f[\cXE`Â&#x152;\q p 8[fc\jZ\eZ`X# j\ [`jgfe\1 c%$ :Â&#x2C6;k\j\ `ed\[`XkXd\ek\ Zfe]fid\cf\jkXYc\Z\cXc\pXc [\dXe[X[f O8M@<I 8;FC=F C8@E<J$ <JG@EFQ8 leX m\q hl\cXXZkfiXYXafaliXd\ekfX dXe`]\jkX[fhl\[\jZfefZ\\c `e[`m`[lXc`[X[fi\j`[\eZ`Xi\j$ g\ZkfXc[fd`Z`c`f[\c[\dXe$ [X[fZfe]fid\cf\jkXYc\Z\\c 8ik% /) [\ cX :f[`]`ZXZ`Â?e Xc :Â?[`^f[\GifZ\[`d`\ekf:`m`c# gfi \ccf ZÂ&#x2C6;k\j\ X kiXmÂ&#x201E;j [\ le g\i`Â?[`Zf[\Xdgc`XZ`iZlcXZ`Â?e eXZ`feXcgfiki\jfZXj`fe\j\e [Â&#x2C6;Xj [`jk`ekfj# Zlpf \okiXZkf j\\eki\^Xi}\eJ\Zi\kXi`X[\c Alq^X[f# gi\m`e`Â&#x201E;e[fcÂ&#x201E; [\ cX fYc`^XZ`Â?ehl\k`\e\[\j\Â&#x152;XcXi ZXj`cc\ifal[`[Xc\ecXZ`l[X[[\ El\mXCfaXgXiXi\Z`Y`iefk`]`$ ZXZ`fe\jhl\c\Zfii\jgfe[X\e \ckÂ&#x201E;id`ef[\ki\j[Â&#x2C6;Xj#hl`\e X[alekXi}Zfg`X[\cXZÂ&#x201E;[lcX[\ Z`l[X[XeÂ&#x2C6;X#\eZXjf[\efZfd$ gXi\Z\ij\gifZ\[\i}#\ei\Y\c$ [Â&#x2C6;X8ik%*,@Y`[\d 2i\Xc`qX[X cXZ`k}Z`Â?epm\eZ`[f\ckÂ&#x201E;id`ef hl\cXc\pj\Â&#x152;XcXg}j\c\\cgif$ Z\jfXc[\jgXZ_f[\cjljZi`kf Al\q \e ]fidX `ed\[`XkX% (%(% CXgXik\[\dXe[X[X\e]fidX

`ed\[`XkX [\Y\ XeleZ`Xi cXj gil\YXj X gi\j\ekXi \e cX Xl[`\eZ`XÂ&#x2019;e`ZX#_XjkX+/_fiXj Xek\j [\c [Â&#x2C6;X [\ cX Xl[`\eZ`X Â&#x2019;e`ZX%)%$KÂ?d\j\\eZl\ekXcX ZXj`c`Xal[`XXcj\Â&#x152;XcX[XgficX XZkfiXgXiXi\Z`Y`iefk`]`ZXZ`f$ e\j hl\ c\ Zfii\jgfe[Xe p cX Xlkfi`qXZ`Â?ehl\c\Zfe]`\i\X jl XYf^X[f [\]\ejfi%$ *%$ ;\ Zfe]fid`[X[ Zfe cfj XikÂ&#x2C6;Zlcfj 0#*+#*.p[`jgfj`Z`Â?e^\e\iXc hl`ekX[\cXC\pI\]fidXkfi`X d\eZ`feX[X#j\ZfemfZXi}XcXj gXik\jXcXXl[`\eZ`XÂ&#x2019;e`ZXleX m\qhl\\jkÂ&#x201E;Z`kX[f\c[\dXe$ [X[f#_\Z_fhl\]l\i\\cj\Â&#x152;fi XZklXi`fgXjXi}`ed\[`XkXd\e$ k\\cgifZ\jfXÂ&#x201E;jk\[\jgXZ_f% +%$ ;\ Zfe]fid`[X[ X cf hl\ \jkXYc\Z\\c8ik%(0`Y`[\d#j\ [`jgfe\hl\cXXZkfiX\e]fidX `ed\[`XkX[\k\id`e\cXZl\ekX Zfii`\ek\f[\X_fiif\ecXhl\ [\Y\i}[\gfj`kXicXjg\ej`fe\j Xc`d\ek`Z`Xj\c[\dXe[X[f#cXj d`jdXj hl\ gfi \c dfd\ekf j\[\gfj`kXiX\ecXZl\ekXhl\ \jk\Alq^X[fk`\e\\e\c9XeZf >lXpXhl`c% -$ J\ [`jgfe\ hl\ \c j\Â&#x152;fi XZklXi`f \e ]fidX `ed\[`XkXf]`Z`\XcXj[`]\i\e$ k\j`ejk`klZ`fe\jZfe]fid\Xcf jfc`Z`kX[f gfi cX gXik\ XZkfiX \e \c \jZi`kf [\ gi\j\ekXZ`Â?e X cX [\dXe[X \e ZXc`[X[ [\ XeleZ`f[\gil\YX%8^iÂ&#x201E;^l\j\ X cfj Xlkfj cfj [fZld\ekfj XgXi\aX[fj X cX [\dXe[X%$ :LDGC8J<# EFK@=@HL<J< P :@K<J<%] ;i%$=;fZkfi8e^\c GXki`Z`fIfYXc`ef#Al\qGi`d\if [\cXE`Â&#x152;\qp8[fc\jZ\eqX[\ JlZldYÂ&#x2C6;fj ]`\c Zfg`X [\ jl fi`^`eXc%$ Cf :\ik`]`Zf% Cf hl\ Zfdle`ZfXljk\[gXiXcfj]`e\j c\^Xc\jZfej`^l`\ek\j% 8Y^%:Xicfj>l\iiX8^l`ii\ J<:I<K8I@F ;<C ALQ>8;F GI@D<IF ;< C8 E@z<Q P 8;FC<J:<E:@8 ;< JL:LD9@FJ ?8PLEJ<CCF El\mXCfaX#X).[\;`Z`\dYi\ [\c)'(( 8%G%&,(-..&b%d%

IÂ&#x152;bebeiiWX_eic|i[nY[b[dj[i" obeid[Y_eic|iWYWXWZei" ied_dYecfh[di_Xb[i$ 9ED<K9?E

<A<:LK@MFJ <OKI8:KF ALQ>8;FM@>Ă&#x;J@DF;<CF :@M@C;<G@:?@E:?8 :@K8:@FE AL;@:@8C 8C J<zFIAFJ<I8=8<CLJ?@z8 I<8CG< AL@:@F1 <A<:LK@MF Ef% .''$ '/<%8% 8:KFI% :8ICFJ =I8E:@J:F :8z8J:8II8J:F ;<D8E;8;F1 AFJ< I8=8<C LJ?@z8I<8CG< ;FD@:@C@F% ;I% ALC@F D% 8E;I8;<J% KI8D@K<%<A<:LK@MF :L8EK@8%-%,''#''LJ; :8J@CC<IF%+.)0 ALQ>8;F M@><J@DF ;< CF :@M@C;<G@:?@E:?81%$Hl`kf# )0 [\ X^fjkf [\c )''/%$ cXj ((_()%$ M@JKFJ1 <e m`ikl[ [\c jfik\f i\Xc`qX[f XmfZf Zfef$ Z`d`\ekf[\cXgi\j\ek\ZXljX \eZXc`[X[[\Al\qK`klcXic\^Xc$ d\ek\gfj\j`feX[f%$<ecfgi`e$ Z`gXc#cX[\dXe[Xhl\Xek\Z\[\ \jZcXiXpgi\Z`jXgficfhl\j\ cXXZ\gkXXki}d`k\<A<:LK@MF# [\ XZl\i[f X cf gi\m`jkf \e cfj 8ikj% +(* p j`^l`\ek\j [\c :Â?[`^f[\GifZ\[`d`\ekf:`m`c%$ <eZfej\Zl\eZ`X#ZldgcXeZfe cX fYc`^XZ`Â?e [\dXe[X[X f gifgfe^Xe \oZ\gZ`fe\j \e \c kÂ&#x201E;id`ef c\^Xc [\ ki\j [Â&#x2C6;Xj cfj [\dXe[X[fj D8I@8 :I@J8C@;8;@8Q;@8QpAFJ< I8=8<C LJ?@z8 I<8CG<# X hl`\e\jj\cfjZ`kXi}\e\ccl^Xi hl\j\`e[`ZX%$8^iÂ&#x201E;^l\ej\Xc gifZ\jf cfj [fZld\ekfj gi\$ j\ekX[fj%$KÂ&#x201E;e^Xj\\eZl\ekX \cZXj`cc\ifp[fd`Z`c`fal[`Z`Xc [\j`^eX[f gfi \c XZkfi p cX

ZXc`[X[\ecXhl\ZfdgXi\Z\%$ Efk`]Â&#x2C6;hl\j\%$ ]  ;I% >\id}e >feq}c\q [\c Gfqf% AL<Q  ALQ>8;FM@F><J@DF;<CF :@M@C ;< G@:?@E:?81% Hl`kf# d`Â&#x201E;iZfc\j (+ [\ [`Z`\dYi\ [\c )'((%$ CXj '0_)(%$ 8mfZf ZfefZ`d`\ekf [\ cX gi\j\ek\ ZXljX\ed`Zfe[`Z`Â?e[\Al\q \eZXi^X[f d\[`Xek\ F]% )0-0 ;G$;GG[\))[\fZklYi\[\c )'((%$ <e cf gi`eZ`gXc# Xk\ekf \c aliXd\ekf [\ cX XZkfiX \e cXZXc`[X[\ecXhl\ZfdgXi\$ Z\#ZÂ&#x2C6;k\j\Xc[\dXe[X[fAFJ< I8=8<CLJ?@z8I<8CG<gfi cXgi\ejX#\jkf\j\elef[\cfj [`Xi`fj[\dXpfiZ`iZlcXZ`Â?e[\ \jkXZ`l[X[[\Hl`kf#[\XZl\i$ [fXcfgi\m`jkf\e\c8ik%/)[\c :Â?[`^f[\GifZ\[`d`\ekf:`m`c%$ Efk`]`hl\j\%$] ;i%:\cjf=XY`}e Il`q9\[Â?eAl\q \ % Cfhl\Zfdle`ZfXL[%#gXiXcfj ]`e\j[\C\p#gi\m`e`Â&#x201E;e[fc\[\cX fYc`^XZ`Â?ehl\k`\e\[\j\Â&#x152;XcXi [fd`Z`c`fpZXj`cc\ifal[`Z`Xc\e cX]fidXp[\ekif[\cg\iÂ&#x2C6;d\kif c\^Xc%$:\ik`]`Zf%$% ;I%>8CF98<QA8@D<% J<:I<K8I@F ?Xp]`idXpj\ccf 8:&/*/,+&k] I%< ALQ>8;F;<:@DF:L8IKF ;<CF:@M@C;<G@:?@E:?8 :@K8:@FE AL;@:@8C 8C J<zFI D@CKFE FJN8C;F :8:?@GL<E;FG<IL>8:?@ 8:KFI1@E>%J8I8M<IFE@:8 8I:FJ =CFI<J# >\i\ek\ >\e\iXc p I\gi\j\ekXek\ C\^Xc [\c 9XeZf G`Z_`eZ_X :%8% JlZlijXc :XpXdY\1 ; < D 8 E ;8 ; F 1  D @ CKF E

REPUBLICA DEL ECUADOR SUPERINTENDENCIA DE COMPAĂ&#x2018;IAS

REPUBLICA DEL ECUADOR SUPERINTENDENCIA DE COMPAĂ&#x2018;IAS

EXTRACTO

EXTRACTO

DE LA ESCRITURA PĂ&#x161;BLICA DE DISOLUCIĂ&#x201C;N VOLUNTARIA Y ANTICIPADA DE LA COMPAĂ&#x2018;Ă?A HOLMAN COMPANY HOLCOMSA S.A.

CONSTITUCION DE LA COMPAĂ&#x2018;IA ERITELEFON ECUADOR CIA. LTDA.

1.- Se pone en conocimiento del público que, la Superintendencia de Compaùías mediante Resolución No. SC.IJ.DJDL.Q.12.0104 de 10 ENE. 2012, aprobó la escritura pública de disolución voluntaria de la compaùía HOLMAN COMPANY HOLCOMSA S.A., otorgada ante el Notario Primero del Distrito Metropolitano de Quito, el 13 de diciembre de 2010, a fin de que quienes se creyeren asistidos del derecho de oposición previsto en el articulo 33 de la Ley de Compaùías, como acto previo a su inscripción, puedan presentar su petición ante uno de los Jueces de lo Civil del domicilio principal de la compaùía, dentro de los seis días contados desde la fecha de la última publicación de este extracto y, ademås, pongan el particular en conocimiento de la Superintendencia de Compaùías. El Juez que reciba la oposición notificarå a esta Superintendencia, dentro del tÊrmino de dos días siguientes, juntamente con el escrito de oposición y providencia recaída sobre ella. En caso de no existir oposición o de no ser notificada en la forma antes indicada se procederå a la inscripción de la referida escritura pública de la indicada compaùía y al cumplimiento de los demås requisitos legales.

La compaùía ERITELEFON ECUADOR CIA. LTDA. se constituyó por escritura pública otorgada ante el Notario Quinto del Distrito Metropolitano de Quito, el 04 de Enero de 2012, fue aprobada por la Superintendencia de Compaùías mediante Resolución SC.IJ.DJC. Q.12.000308 de 20 de Enero de 2012. 1.- DOMICILIO: Distrito Metropolitano de Quito, Provincia de PICHINCHA 2.- CAPITAL: Suscrito US$ 12.500,00 Número de Participaciones 12.500 Valor US$1,00

2.- Al otorgamiento de la escritura pública antes mencionada comparece la seùora Cintia Gaspar Salgado, en su calidad de Gerente General. La compareciente es de nacionalidad ecuatoriana, de estado civil casada, domiciliada en el Distrito Metropolitano de Quito. La junta general de accionistas de 10 de diciembre de 2010, resolvió nombrar Liquidadora a la seùora Cintia Gaspar Salgado, quien para los efectos del artículo 393 de la Ley de Compaùías, notifica a los acreedores de la empresa para que en el tÊrmino de veinte días contado a partir de la última publicación de este Extracto, presenten los documentos que acrediten su derecho en la dirección domiciliaria de la compaùía.

3.- OBJETO.- El objeto de la compaùía es: LA SOCIEDAD TIENE POR OBJETO DEDICARSE POR CUENTA PROPIA O DE TERCEROS Y/O ASOCIADA A TERCEROS A LAS SIGUIENTES ACTIVIDADES, EN EL PAĂ?S O EN EL EXTERIOR A LA INSTALACIĂ&#x201C;N Y PUESTA EN FUNCIONAMIENTO DE PRODUCTOS Y DISPOSITIVOS PARA LAS COMUNICACIONES MĂ QUINA A MĂ QUINA, FACILITANDO EL INTERCAMBIO DE INFORMACIĂ&#x201C;N...

Distrito Metropolitano de Quito, a 10 ENE 2012

Quito, 20 de Enero de 2012

PATRICIA CHIRIBOGA SĂ NCHEZ DIRECTORA JURĂ?DICA DE DISOLUCIĂ&#x201C;N Y LIQUIDACIĂ&#x201C;N DE COMPAĂ&#x2018;Ă?AS

Dr. Oswaldo Noboa LeĂłn DIRECTOR JURIDICO DE COMPAĂ&#x2018;IAS

AC/83813/tf

A.C./83847

FJN8C;F :8:?@GL<E;F G<IL>8:?@ A L @ : @ F 1 <A<:LK@MFEf%'.+$ )'(' :L8EK@81 KI<J D@C ;FJ:@<EKFJ ;FC8I<J 8D<I@:8EFJ# 98J< ;< C8 ;<D8E;81G8>8I<J8 C8FI;<E) ;<=<EJFI1;I% AFJ<K<CCFJL8I<Q GIFM@;<E:@8;@:K8;8J1 ALQ>8;F ;<:@DF :L8IKF ;<CF:@M@C;<G@:?@E:?8%$ :XpXdY\#X'([\]\Yi\if[\@ )'('# cXj ((?+'% M@JKFJ1 <e d`ZXc`[X[[\Al\q\eZXi^X[f [\ \jkX Al[`ZXkliX# d\[`Xek\ 8ZZ`Â?eG\ijfeXcEf%),/*$;G$ ;GG# [\ )+ [\ efm`\dYi\ [\c )''0# XmfZf ZfefZ`d`\ekf [\ cXgi\j\ek\[\dXe[X#cXd`jdX hl\ \j ZcXiX# gi\Z`jX p i\Â&#x2019;e\ cfj i\hl`j`kfj [\ C\p2 gfi cf hl\# Zfe]fid\ X cfj XikÂ&#x2C6;Zl$ cfj +(* p +(, [\@ :Â?[`^f [\ GifZ\[`d`\ekf:`m`c#j\XZ\gkX X ki}d`k\ \e al`Z`f \a\Zlk`mf% <e Zfej\Zl\eZ`X ZÂ&#x2C6;k\j\ Xc [\dXe[X D@CKFE FJN8C;F :8:?@GL<E;F G<IL>8:?@# ZfecX[\dXe[Xp\cgi\j\ek\ XlkfgXiXhl\\ckÂ&#x201E;id`ef[\ki\j [Â&#x2C6;XjgX^l\cX[\l[Xfgifgfe$ ^X\oZ\gZ`fe\j#\e\c[fd`Z`c`f `e[`ZX[f% KÂ?d\j\ \e Zl\ekX \c f]i\Z`d`\ekf [\ i\ZfefZ\i XYfefjgXiZ`Xc\jpcXjZlXekÂ&#x2C6;X j\Â&#x152;XcX[X%8^iÂ&#x201E;^l\j\XcgifZ\$ jf cfj [fZld\ekfj X[alekfj% KÂ&#x201E;e^Xj\\eZl\ekX\cZXj`cc\if al[`Z`XcpcXXlkfi`qXZ`Â?eZfe$ ]\i`[XXjlXYf^X[f[\]\ejfi# EFK@=@HL<J<% ]  ;I% CLĂ J <;L8I;FK8@G<AL<Q% ALQ>8;F ;<:@DF :L8IKF ;<CF:@M@C;<G@:?@E:?8%$ :XpXdY\X)'[\fZklYi\[\c )'(( cXj (+?+,1 8mfZf Zfef$ Z`d`\ekf \e ZXc`[X[ [\ Al\q \eZXi^X[f# d\[`Xek\ XZZ`Â?e [\ g\ijfeXc (+.+$;G$;GG# [\ ]\Z_X , [\ alc`f [\c )'((% 8^iÂ&#x201E;^l\j\XcfjXlkfj\c\jZi`kf [\cXgXik\XZkfiX%8k\e[`\e[f cf g\k`Z`feX[f p _XY`Â&#x201E;e[fj\ giXZk`ZX[f \c aliXd\ekf hl\ \jkXYc\Z\\c8ik%/)[\c:Â?[`^f [\ GifZ\[`d`\ekf :`m`c# j\ [`jgfe\ cX Z`kXZ`Â?e Xc j\Â&#x152;fi D`ckfe FjnXc[f :XZ_`gl\e[f G\il^XZ_`#gXicXgi\ejX\elef [\cfj[`Xi`fj[\dXpfiZ`iZlcX$ Z`Â?ehl\j\\[`kXe\ecXZ`l[X[ [\ Hl`kf% Efk`]Â&#x2C6;hl\j\% =  ;I% FJN8C;FFA<;8%Al\q% Cfhl\Zfdle`ZfXljk\[gXiX cfj]`e\jc\^Xc\jg\ik`e\ek\jp C< :@KF# gi\m`e`Â&#x201E;e[fc\ [\ cX fYc`^XZ`Â?ehl\k`\e\[\j\Â&#x152;XcXi [fd`Z`c`f al[`Z`Xc gXiX i\Z`Y`i gfjk\i`fi\jefk`]`ZXZ`fe\j%$Cf :\ik`]`Zf%$ 9I8LC@FG<I<QG<z8=@<C J<:I<K8I@F ;<C ALQ>8;F ;<:@DF:L8IKF;<CF:@M@C ;<G@:?@E:?8 ?Xp]`idXpj\ccf 8:&/*/)(( k] I%<% ALQ>8;F;<:@DF:L8IKF ;<CF:@M@C;<G@:?@E:?8 :@K8:@FE AL;@:@8C<J 8 CFJ J<zFI<J1 DPI@8E <C@Q89<K? 8E>8D8I:8 8E>8D8I:8PG89CF :ILQ@G@8C<J>L8:8E8:KFI1 @E>%J8I8M<IFE@:88I:FJ =CFI<J# >\i\ek\ >\e\iXc p I\gi\j\ekXek\ C\^Xc [\c 9XeZfG`Z_`eZ_X:%8%JlZlijXc :XpXdY\1 ;<D8E;8;FJ1 C8LIF IF9<IKF G8E:?8 ?@;8C>F# FC>8 PFC8E;8 D8C;FE8;F >FEQ8C<Q# DPI@8E < C @ Q 8 9 < K ? 8E>8D8I:88E>8D8I:8P G89CF:ILQ@G@8C<J>L8:8E% AL@:@F1 <A<:LK@MF Ef# .-'$ )'('% :L8EK@81 :@E:F D@C ;FC8I<J8D<I@:8EFJ98J< ;<C8;<D8E;81:FEKI8KF ;<DLKLFFGI<JK8DF ;<=<EJFI1 ;I% AFJ< K<CCF JL8I<Q GIFM@;<E:@8J ;@:K8;8J1 ALQ>8;F ;<:@DF :L8IKF ;<CF:@M@C;<G@:?@E:?8%$ :XpXdY\#X'+[\fZklYi\[\c )'('# cXj '0?('% M@JKFJ1 <e d`ZXc`[X[[\Al\q\eZXi^X[f [\ \jkX Al[`ZXkliX# d\[`Xek\ 8ZZ`Â?eG\ijfeXcEf%),/*$;G$ ;GG# [\ )+ [\ efm`\dYi\ [\c )''0# XmfZf ZfefZ`d`\ekf [\ cXgi\j\ek\[\dXe[X#cXd`jdX hl\ \j ZcXiX# gi\Z`jX p i\Â&#x2019;e\ cfj i\hl`j`kfj [\ C\p# gfi cf

 

  

g Ĺ? Ä&#x201A;Ä&#x2020;Ĺ?Ĺ?Ĺ?Ĺ?Ä&#x201A;Ä&#x20AC;Ä Ä&#x201A;

Ĺ?+.Ĺ? Ä&#x152;Ĺ? hl\# Zfe]fid\ X cfj XikÂ&#x2C6;Zl$ cfj +(* p +(, [\@ :Â?[`^f [\ GifZ\[`d`\ekf:`m`c#j\XZ\gkX X ki}d`k\ \e al`Z`f \a\Zlk`mf% <e Zfej\Zl\eZ`X ZÂ&#x2C6;k\j\ X cfj [\dXe[X[fj \e cXj ZXc`[X[\j [\dXe[X[Xj#ZfecX[\dXe[X p\cgi\j\ek\XlkfgXiXhl\\e \ckÂ&#x201E;id`ef[\ki\j[Â&#x2C6;XjgX^l\e cX [\l[X f gifgfe^Xe \oZ\g$ Z`fe\j% 8 cfj [\dXe[X[fj C8LIF IF9<IKF G8E:?8 ?@;8C>F P FC>8 PFC8E;8 D8C;FE8;F 8E>8D8I:8 \e \c [fd`Z`c`f j\Â&#x152;XcX[f [\ \jkX Z`l[X[ p X D@IP8E <C@Q89<K? 8E>8D8I:8 8E>8D8I:8PG89CF:ILQ @G@8C<J >L8:8E# d\[`Xek\ [\gi\ZXkfi`f[`i`^`[fXlef[\ cfjj\Â&#x152;fi\jAl\Z\j[\cf:`m`c [\@dYXYliXZfeXj`\ekf\ecX Z`l[X[[\@YXiiX#Xhl`\ej\c\ i\d`k`i}jl]`Z`\ek\[\jgXZ_fp f]i\Z`\e[fi\Z`gifZ`[X[\ecfj ZXjfj Xe}cf^fj% KÂ?d\j\ \e Zl\ekX\cf]i\Z`d`\ekf[\i\Zf$ efZ\i XYfefj gXiZ`Xc\j p cXj ZlXekÂ&#x2C6;X j\Â&#x152;XcX[X% 8^iÂ&#x201E;^l\j\ Xc gifZ\jf cfj [fZld\ekfj X[alekfj% KÂ&#x201E;e^Xj\ \e Zl\ekX \cZXj`cc\ifal[`Z`XcpcXXlkfi`$ qXZ`Â?eZfe]\i`[XXjlXYf^X[f [\]\ejfi%EFK@=@HL<J<%$] ;I% CL@J<;L8I;FK8@G<%AL<Q% ALQ>8;F ;<:@DF :L8IKF ;<CF:@M@C;<G@:?@E:?8%$ :XpXdY\X)'[\fZklYi\[\c )'((%CXj('_*'%8mfZfZfef$ Z`d`\ekf \e ZXc`[X[ [\ Al\q \eZXi^X[f# d\[`Xek\ XZZ`Â?e [\ g\ijfeXc (+.+$;G$;GG# [\ ]\Z_X , [\ alc`f [\c )'((% 8^iÂ&#x201E;^l\j\XcfjXlkfj\c\jZi`kf [\cXXZZ`feXek\%<ecfgi`eZ`$ gXc18k\e[`\e[ffg\k`Z`feX[fp _XY`Â&#x201E;e[fj\giXZk`ZX[f\caliX$ d\ekfhl\\jkXYc\Z\\c8ik%/) [\c :Â?[`^f [\ GifZ\[`d`\ekf :`m`c# j\ fi[\eX cX Z`kXZ`Â?e X cfj [\dXe[X[fj jfc`[Xi`fj Dpi`Xe <c`qXY\k_ 8e^XdXiZX 8e^XdXiZXpGXYcf:ilq@g`Xc\j >lXZXe#gficXgi\ejX\elef [\cfj[`Xi`fj[\dXpfiZ`iZlcX$ Z`Â?ehl\j\\[`kXe\ecXZ`l[X[ [\ Hl`kf% JÂ&#x2C6;^Xj\ efk`]`ZXe[f \e \c ZXj`cc\if al[`Z`Xc j\Â&#x152;X$ cX[f% EFK@=@HL<J<% =  ;I% FJN8C;FFA<;8#Al\q% Cfhl\Zfdle`ZfXljk\[#gXiX cfj]`e\jc\^Xc\jg\ik`e\ek\j#P C< :@KF# gi\m`e`Â&#x201E;e[fc\ [\ cX fYc`^XZ`Â?ehl\k`\e\[\j\Â&#x152;XcXi [fd`Z`c`f al[`Z`Xc gXiX i\Z`Y`i gfjk\i`fi\jEfk`]`ZXZ`fe\j%$Cf :\ik`]`Zf%$ 9I8LC@FG<I<QG<z8=@<C J<:I<K8I@F ;<C ALQ>8;F ;<:@DF:L8IKF;<CF:@M@C ;<G@:?@E:?8 ?Xp]`idXpj\ccf 8:&/*/)() k] <OKI8:KFAL;@:@8C ALQ>8;F;<:@DFGI@D<IF ;<CF:@M@C;<G@:?@E:?8 :@K8:@FEAL;@:@8C819C8E:8 ;<C G@C8I M@CC8II<8C J8E;FM8C 8:KFI1:8ICFJ=I8E:@J:F :8z8J : 8 I I 8 J : F GIF:LI8;FIAL;@:@8C;<C 98E:FGIF:I<;@KJ%8% AL@:@F Ef1 (.*)$)'('$D$Q % G8>8I< KI8D@K<1<A<:LK@MF F9A<KF1]le[Xd\ekX[f\ecfj XikÂ&#x2C6;Zlcfj+(*p+(,[\c:Â?[`^f [\GifZ\[`d`\ekf:`m`c[\dXe$ [f\cgX^f[\cgX^XiÂ&#x201E;% :L8EK@81 KI<@EK8 P KI<J D@C;FC8I<J8D<I@:8EFJ GIFM@;<E:@8%$ ALQ>8;F ;<:@DF GI@D<IF ;<CF:@M@C;<G@:?@E:?8%$ Hl`kf#al\m\j)'[\\e\if[\c )'((#cXj(,_,0%$M@JKFJ%$<e m`ikl[ [\ cX iXqÂ?e [\ jfik\f hl\ Xek\Z\[\ p \e d` ZXc`$ [X[[\Al\qJlgc\ek\[\Â&#x201E;jkX Al[`ZXkliX#d\[`Xek\f]`Z`fEf% '()$;;G$A8I$[\)+$'($)'',# 8mfZfZfefZ`d`\ekf[\cXgi\$ j\ek\ ZXljX%$ <e cf gi`eZ`gXc cX [\dXe[X hl\ Xek\Z\[\ \j

Ä&#x2020;

ZcXiX# Zfdgc\kX p i\Â&#x2019;e\ cfj i\hl`j`kfj [\ c\p$ <e Zfej\$ Zl\eZ`Xp[\Zfe]fid`[X[Zfe cfhl\[`jgfe\\c8ik%+)([\c :Â?[`^f[\GifZ\[`d`\ekf:`m`c# cfj[\dXe[X[fjj\Â&#x152;fi\j>8CF M@:<EK< IL@Q P 9C8E:8 ;<C G@C8I M@CC8II<8C J8E;FM8C gfi jlj gifg`fj [\i\Z_fj# \e \c k\id`ef c\^Xc [\ ki\j [Â&#x2C6;Xj ZldgcXe Zfe cX fYc`^XZ`Â?e [\dXe[X[X f gif$ gfe^Xe \oZ\gZ`fe\j%$KÂ&#x201E;e^Xj\ \eZl\ekX\c[fd`Z`c`fpZXj`ccX al[`Z`Xc j\Â&#x152;XcX[f gfi \c XZkfi# XjÂ&#x2C6;ZfdfcXZXc`[X[\ecXhl\ ZfdgXi\Z\pcXXlkfi`qXZ`Â?e[\ jlXYf^X[f[\]\ejfi%$<ed\i`$ kfXcX?`gfk\ZX8Y`\ikXhl\j\ X[alekX p Xc Z\ik`]`ZX[f fkfi$ ^X[fgfi\cj\Â&#x152;fiI\^`jkiX[fi [\cXGifg`\[X[j\[`jgfe\\c \dYXi^f [\c Y`\e `edl\Yc\ [\kXccX[f \e \c d\eZ`feX[f `ejkild\ekf gÂ&#x2019;Yc`Zf hl\ \j [\ gifg`\[X[ [\c [\dXe[X[f j\Â&#x152;fi >8CF M@:<EK< IL@Q# j\^Â&#x2019;e ZfejkX i\^`jkiX[f%$ ?\Z_f \c \dYXi^f `ejZiÂ&#x2C6;YXj\ \e\cI\^`jkif[\cXGifg`\[X[ [\\jk\:XekÂ?e%$GXiXcXgi}Zk`$ ZX[\\jkX[`c`^\eZ`X#ZlÂ&#x201E;ek\j\ Zfe cfj j\Â&#x152;fi\j ;\gfj`kXi`fj Al[`Z`Xc\j [\c ZXekÂ?e Hl`kf# gXiX cf ZlXc j\ \em`Xi} Zfg`X [\cXgifm`[\eZ`Xi\jg\Zk`mXX cX jXcX [\ Jfik\fj2 XjÂ&#x2C6; Zfdf kXdY`Â&#x201E;e j\ ZfekXiX Zfe \c Xlo`c`f [\ cX Gfc`ZÂ&#x2C6;X EXZ`feXc d\[`Xek\ le f]`Z`f [`i`^`[f Xc j\Â&#x152;fi:fdXe[Xek\[\c;`jki`kf D\kifgfc`kXef[\Hl`kf%$?\Z_f hl\j\X\c\dYXi^fZÂ&#x2C6;k\j\Xcfj [\dXe[X[fj \e \c cl^Xi hl\ gXiX \c \]\Zkf j\ \eZl\ekiX j\Â&#x152;XcX[f%$8^iÂ&#x201E;^l\j\XcgifZ\$ jfcX[fZld\ekXZ`Â?eX[alekX%$ EFK@=@HL<J<% ALQ>8;F ;<:@DF GI@D<IF ;<CF:@M@C;<G@:?@E:?8%$ Hl`kf#m`\ie\j(-[\[`Z`\dYi\ [\c)'((#cXj(-_')%$:Â&#x2C6;k\j\X cX[\dXe[X[Xj\Â&#x152;fiX9C8E:8 ;<C G@C8I M@CC8II<8C J8E;FM8C# d\[`Xek\ ki\j glYc`ZXZ`fe\j \e lef [\ cfj [`Xi`fj[\dXpfiZ`iZlcXZ`Â?e[\ \jkXZ`l[X[[\Hl`kfGifm`eZ`X [\G`Z_`eZ_X#[\Zfe]fid`[X[ Xcf[`jgl\jkf\e\c8ik%/)[\c :Â?[`^f[\GifZ\[`d`\ekf:`m`c%$ Efk`]Â&#x2C6;hl\j\% =  ;I% I<PE8C;F =CFI 8CM8I8;F# Al\q%$ Cf hl\ cc\mf X jl ZfefZ`d`\ekf gXiX cfj]`e\j[\C\p%Gi\m`e`Â&#x201E;e[fc\ [\ cX fYc`^XZ`Â?e [\ j\Â&#x152;XcXi ZXj`cc\ifal[`Z`XcgXiXjljgfj$ k\i`fi\j efk`]`ZXZ`fe\j [\ekif [\cg\iÂ&#x2C6;d\kifc\^Xc%$ :\ik`]`Zf%$ ;I%CL@J:?LC;<IL8EF J<:I<K8I@F< ?Xplej\ccf 8%:%&/*/'( I%;<C<% ALQ>8;FJ<>LE;F;<CF :@M@C;<G@:?@E:?8 :@K8:@äEAL;@:@8C 81D8I@8C<FEFIJ8D98:?< >LK@<II<Q 8:KFI1 CL@J ?LD9<IKF DFIF:?F:?8DFIIF ;<D8E;8;F1D8I@8C<FEFI J8D98:?<>LK@<II<Q :L8EK@81  ;@<Q D@C ;FC8I<J AL@:@F1<A<:LK@MFEf%(+()$ )'(($;iX%:%@% ALQ>8;F J<>LE;F ;< CF :@M@C ;< G@:?@E:?8%$ Hl`kf# al\m\j / [\ [`Z`\dYi\ [\c )'((# cXj '0_*,%$ M@JKFJ1 8mfZf ZfefZ`d`\ekf [\ cX gi\j\ek\ ZXljX \e ZXc`[X[ [\ Al\qJlgc\ek\#d\[`Xek\f]`Z`f E'%(*'/$;G$;GG [\ ]\Z_X . [\ Alc`f [\c )'('% CX [\dXe$ [X hl\ Xek\Z\[\ \j ZcXiX# gi\Z`jX# Zfdgc\kX p i\Â&#x2019;e\ cfj [\d}j i\hl`j`kfj [\ c\p# gfi cfhl\j\cXXZ\gkXXcki}d`k\ i\jg\Zk`mf#\eal`Z`f<a\Zlk`mf# \e Zfej\Zl\eZ`X j\ [`jgfe\ hl\cXj\Â&#x152;fiXD8I@8C<FEFI

Ĺ? Ĺ?

Ĺ? 


Ĺ? Ĺ?

Ĺ? 

 

  

Ä&#x2021;

g Ĺ? Ä&#x201A;Ä&#x2020;Ĺ?Ĺ?Ĺ?Ĺ?Ä&#x201A;Ä&#x20AC;Ä Ä&#x201A;

Ĺ?+.Ĺ? Ä&#x152;Ĺ?

J8D98:?<>LK@<II<Q#\e\c kÂ&#x201E;id`ef [\ ki\j [Â&#x2C6;Xj ZldgcX Zfe cX fYc`^XZ`Â?e [\dXe[X[X gX^Xe[f cX ZXek`[X[ ZfejkXe$ k\ \e cX c\kiX [\ ZXdY`f hl\ j\ XZfdgXÂ&#x152;X dXj cfj `ek\$ i\j\j i\jg\Zk`mfj f [\ekif [\c d`jdf kÂ&#x2026;id`ef gifgfe^X \oZ\gZ`fe\jYXafgi\m\eZ`fe\j [\C\p%$:Â&#x2C6;k\j\XcX[\dXe[X[X D8I@8 C<FEFI J8D98:?< >LK@<II<Q#\ec\^Xcp[\Y`[X ]fidXXk\ekfXcaliXd\ekfi\e$ [`[f#[\Zfe]fid`[X[Zfecfhl\ [`jgfe\\c8ik%/)[\c:Â?[`^f [\GifZ\[`d`\ekf:`m`c#\jkf\j lef[\cfj[`Xi`fj[\dXpfiZ`i$ ZlcXZ`Â?e[\cXZ`l[X[[\Hl`kf%$ 8^iÂ&#x201E;^l\j\ cfj [fZld\ekfj hl\ j\ XZfdgXÂ&#x152;Xe%$ KÂ&#x201E;e^Xj\ \e Zl\ekX \c ZXj`cc\if al[`Z`Xc j\Â&#x152;XcX[f%$EFK@=@HL<J<%$ ;I% =89I@:@F J<>FM@8 9<K8E:FLIK AL<Q<E:8I>8;F Cfhl\Zfdle`Zfp:@KFgXiX cfj i\jg\Zk`mfj ]`e\j [\ C\p# gi\m`e`Â&#x201E;e[fc\[\cXfYc`^XZ`Â?e hl\k`\e\e[\j\Â&#x152;XcXiZXj`cc\if al[`Z`XcgXiXjlj]lkliXjefk`]`$ ZXZ`fe\j%Cf:\ik`]`Zf% ;i%AlXe>XccXi[fH% J<:I<K8I@F ?Xp]`idXpj\ccf 8:&/*/),&k] I%[\c<% ALQ>8;FF:K8MF;<CF :@M@C;<G@:?@E:?8 :`kXZ`Â?eAl[`Z`XcX=<C@:@;8; 9<A8I8EF >L8D8E P D8I>8I@K8 8J8:898P 9<A8I8EF# j\ c\ _XZ\ jXY\i hl\ \e \jkX Al[`ZXkliX j\ \eZl\ekiX kiXd`k}e[fj\ cX j`^l`\ek\XZZ`Â?e1 8:KFI81 :FFG<I8K@M8 ;< 8?FIIF P :I<;@KF )* ;< ALC@FCK;8% GIF:LI8;FI AL;@:@8C ;i% :_i`jk`Xe >\fmXeep ?likX[f I`Z_Xi[j ; < D 8 E ;8 ; F J 1  G\ [ if GfdXhl`qX>lqd}e#=\c`Z`Xef 9\aXiXef>lXd}epDXi^Xi`kX 8jXZXYXp9\aXiXef% 8JLEKF1 :fYif GX^XiÂ&#x201E; X cX Fi[\e KI8D@K<1<a\Zlk`mf :8LJ81/'/Ă&#x2020;)''/<%D%K% :L8EK@81:lXkifD`c[Â?cXi\j AL<QJLGC<EK<1;i%8idXe[f 8Z\c[f>lXcc` J<:I<K8I@F1 ;i% =iXeZ`jZf Aljk`Z`XJXc^X[f GIFM@;<E:@81 ALQ>8;FF:K8MF;<CF:@M@C ;< G@:?@E:?81$ Hl`kf# cle\j )-[\[`Z`\dYi\[\c)'((#cXj ((_,+%$M@JKFJ1$8mfZfZfef$ Z`d`\ekf[\cXgi\j\ek\ZXljX# \ed`ZXc`[X[[\Al\qJlgc\ek\# d\[`Xek\F]`Z`fEf%;;G$((++ [\(([\Alc`f[\c)''.p\em`jkX [\cjfik\fZfii\jgfe[`\ek\%$CX [\dXe[Xhl\Xek\Z\[\\jZcXiX pi\Â&#x2019;e\cfj[\d}ji\hl`j`kfj[\ c\p2 \e Zfej\Zl\eZ`X# [Â&#x201E;j\ X cXd`jdX\cki}d`k\<a\Zlk`mf# Zfe ]fid\ cf [`jgfe\ \c 8ik% +/- [\c :Â?[`^f [\ :fd\iZ`f# \e ZfeZfi[XeZ`X Zfe cf [`j$ gl\jkf \e cfj 8ikj% +(* p +(, [\c :Â?[`^f [\ GifZ\[`d`\ekf :`m`c%$ Cfj j\Â&#x152;fi\j1 G<;IF GFD8HL@Q8 >LQD8E# \e jl ZXc`[X[ [\ [\l[fi gi`eZ`$ gXc# p =<C@:@8EF 9<A8I8EF >L8D8E P D8I>8I@K8 8J8:898P 9<A8I8EF# \e \c kÂ&#x201E;id`ef[\ki\j[Â&#x2C6;Xj#ZldgcXe ZfejljfYc`^XZ`fe\jfgifgfe$ ^XecXj\oZ\gZ`fe\jXcXjhl\ j\Zi\XeXj`jk`[fj%$<em`jkX[\c Z\ik`]`ZX[f[\cI\^`jkiX[fi[\cX Gifg`\[X[[\c:XekÂ?ep[\Zfe$ ]fid`[X[ Zfe cf [`jgl\jkf \e \c8ik%+)([\c:Â?[`^f8[a\k`mf :`m`c#j\[`jgfe\cXGif_`Y`Z`Â?e [\ <eXa\eXi [\c :`\ekf gfi :`\ekf# [\c :`eZl\ekX gfi Z`\ekfhl\c\Zfii\jgfe[\gfi ^XeXeZ`Xc\j[\cY`\e`edl\Yc\ [\gifg`\[X[[\cfjZÂ?epl^\j1 G\[if GfdXhl`qX >lqd}e p DXiÂ&#x2C6;X AlXeX Hl`eZ_\ Dlccf#

ZlpXj [\d}j ZXiXZk\iÂ&#x2C6;jk`$ ZXj ZfejkXe [\c Z`kX[f Z\i$ k`]`ZX[f [\c I\^`jkiX[fi [\ cX Gifg`\[X[%$ Efk`]Â&#x2C6;hl\j\ Xc j\Â&#x152;fi I\^`jkiX[fi [\ cX Gifg`\[X[ [\c :XekÂ?e# gXiX cfj ]`e\j c\^Xc\j g\ik`e\e$ k\j%$ 8[aÂ&#x2019;ek\j\ cX [fZld\e$ kXZ`Â?e gi\j\ekX[X%$ KÂ&#x201E;e^Xj\ \e Zl\ekX \c ZXj`cc\if al[`Z`Xc j\Â&#x152;XcX[f%$ Gfi I\eleZ`X [\ cX j\Â&#x152;fiX J\Zi\kXi`X K`klcXi# XZkÂ&#x2019;\\cj\Â&#x152;fi;i%AlXeAljk`Z`X JXc^X[f#F]`Z`XcDXpfi[\Â&#x201E;jkX Al[`ZXkliX#\em`jkX[\cF]`Z`f Ef% 0,, ;G$;;G$A8I$'. [\ (+ [\ ;`Z`\dYi\ [\c )''.%$ :ldgc`[X hl\ j\X cX d\[`[X ZXlk\cXi efk`]Â&#x2C6;hl\j\ p ZÂ&#x2C6;k\j\% ] %$;i%8idXe[f8Z\c[f>lXcc`% AL<Q JLGC<EK<% ALQ>8;F F:K8MF ;< CF :@M@C ;< G@:?@E:?81 Hl`kf# dXik\j * [\\e\if[\c)'()#cXj((_'.%$ <em`jkX[\caliXd\ekf\ogi\jf [\cXgXik\XZkfiX#gfi\chl\ X]`idX jfYi\ cX `dgfj`Y`c`[X[ [\[\k\id`eXicX`e[`m`[lXc`[X[ fi\j`[\eZ`XXZklXc[\cfjj\Â&#x152;f$ i\j1 =<C@:@;8; 9<A8I8EF >L8D8E P D8I>8I@K8 8J8:898P 9<A8I8EF# ZÂ&#x2C6;k\$ j\gficXgi\ejX\elef[\cfj [`Xi`fj [\ dXpfi Z`iZlcXZ`Â?e [\\jkXZ`l[X[[\Hl`kf#Zfe$ ]fid\ cf [`jgfe\ \c 8ik% /) [\c :Â?[`^f [\ GifZ\[`d`\ekf :`m`c%$ :Â&#x2C6;k\j\ p Efk`]Â&#x2C6;hl\j\% ] %$;i%8idXe[f8Z\c[f>lXcc`% AL<QJLGC<EK<% Cfhl\Zfdle`ZfXljk\[gXiX cfj]`e\j[\c\p%Gi\m`e`Â&#x201E;e[fc\ [\ cX fYc`^XZ`Â?e [\ j\Â&#x152;XcXi [fd`Z`c`f al[`Z`Xc Zfe]fid\ X c\p# gXiX ]lkliXj efk`]`ZXZ`f$ e\j% ;i%=iXeZ`jZfAljk`Z`XJXc^X[f J<:I<K8I@F ALQ>8;F F:K8MF ;< CF :@M@C;<G@:?@E:?8 ?Xplej\ccf (,0*-0 <OKI8:KF :@K8:@äE AL;@:@8C 8 C8 J<zFI8 A<EEP D8I@JFC :?8DFIIF:FI8C% 8:KFI1 AL8E :8D@CF :8;8M@;DFEJ8CM<% ; < D 8 E ;8 ;8 % $  A < E E P D8I@JFC : ? 8 D F I I F :FI8C% AL@:@F%$ G8>8Iy 8 C8 FI;<E% KIĂ?D@K<%$<A<:LK@MF% :L8EK@8%$ :L8KIF D@C HL@E@<EKFJ;äC8I<J% F9A<KF ;< C8 ;<D8E;8%$ <EJ<EK<E:@8J<:FE;<E< 8C G8>F ;<C :8G@K8C 8;<L;8;F# @EK<I<J<J ;< C8 DFI8# :FJK8J GIF:<J8C<JP?FEFI8I@FJ GIF=<J@FE8C<J% :L8J8Ef%)'(($(,(*$D%:% ALQ>8;F EFM<EF ;< CF :@M@C ;< G@:?@E:?8% Hl`kf# m`\ie\j *' [\ [`Z`\dYi\ [\c )'((# cXj ('_*,% M@JKFJ%$ <e m`ikl[[\cjfik\fhl\Xek\Z\[\# XmfZfZfefZ`d`\ekf[\cXgi\$ j\ek\ZXljX%$<ecfgi`eZ`gXc#cX [\dXe[X\jZcXiXpgi\Z`jX#gfi cfhl\j\cXXZ\gkXXcki}d`k\ \a\Zlk`mf%$:Â&#x2019;dgcXZfecXfYc`$ ^XZ`Â?e[\dXe[X[Xfgifgfe^X \oZ\gZ`fe\j \e \c kÂ&#x201E;id`ef [\ ki\j[Â&#x2C6;XjcX[\dXe[X[Xj\Â&#x152;fiX A<EEPD8I@JFC:?8DFIIF :FI8C%$:Â&#x2C6;k\j\XcX[\dXe[X$ [Xgfid\[`f[\glYc`ZXZ`fe\j \elef[\cfj[`Xi`fj[\dXpfi Z`iZlcXZ`Â?ephl\j\\[`kXe\e Â&#x201E;jkX[\Hl`kf#[\Zfe]fid`[X[ Zfecf[`jgl\jkf\e\c8ik%/)[\c :Â?[`^f[\GifZ\[`d`\ekf:`m`c%$ KÂ&#x201E;e^Xj\\eZl\ekX\c[fd`Z`c`f pZXj`cc\ifal[`Z`Xc[\j`^eX[fj%$ 8^iÂ&#x201E;^l\j\ cX [fZld\ekXZ`Â?e gi\j\ekX[X%$Efk`]Â&#x2C6;hl\j\%$ ]  ;i% NX^e\i A}k`mX Hl`ifq% AL<Q % Cfhl\Zfdle`ZfXL[%#gXiXcfj ]`e\j[\C\p#gi\m`e`Â&#x201E;e[fc\[\cX fYc`^XZ`Â?ehl\k`\e\[\j\Â&#x152;XcXi [fd`Z`c`fpZXj`cc\ifal[`Z`Xc\e

   Ĺ? 

cX]fidXp[\ekif[\cg\iÂ&#x2C6;d\kif c\^Xc%$:\ik`]`Zf%$ ;I%ALC@F:<J8IDLzFQ J<:I<K8I@F ALQ>8;F EFM<EF ;< CF :@M@C;<G@:?@E:?8% <o`jk\]`idXpj\ccf% 8%G%&,(-'(&b%d%

IWX[hgk[i[iWX[begk[i[iWX[o iWX[hgk[dei[iWX[begk[dei[iWX[0 iWX_ZkhÂ&#x2021;W$ A 7 H H " @ ; 7 D  8 7 F J ? I J ;  7 B F > E D I ; 

FI;@E8I@FJ I<GL9C@:8;<C<:L8;FI ALQ>8;FM@><J@DF;<CF :@M@C;<G@:?@E:?8  :@K8:@äE AL;@:@8C 8 CFJ J<zFI<J <;>8I M@:<EK< GI8;F >L<II82 p# AL8E8 8E><C@:8 M@CC8=L<IK< :FJK?8 8:KFI1 AL8E :8D@CF : 8 ; 8M @ ;  D F E J 8 CM < :FDG8z@8;@JKI@K<OJ%8%  ;<D8E;8;FJ1 <;>8I M@:<EK< GI8;F >L<II82 p# AL8E8 8E><C@:8 M@CC8=L<IK<:FJK?8 AL:@F1FI;@E8I@F :8LJ8Ef%(+00$)'(($G: 89F>8;F1 ;I% =I8EBC@E D8C;FE8;F :L8EK@81('%'''#ff ALQ>8;F M@>yJ@DF ;< CF :@M@C ;< G@:?@E:?8%$ Hl`kf# m`\ie\j *' [\ [`Z`\dYi\ [\c )'((# cXj '0_+,%$ M@JKFJ1 <e m`ikl[ [\ hl\ \c XZkfi AlXe :Xd`cf :X[Xm`[ DfejXcm\# \e jlZXc`[X[[\>\i\ek\>\e\iXc p I\gi\j\ekXek\ C\^Xc [\ cX :fdgXÂ&#x152;Â&#x2C6;X ;@JKI@K<O J%8%# _X [X[f Zldgc`d`\ekf X cf [`jgl\jkf \e gifm`[\eZ`X [\ ). [\ [`Z`\dYi\ [\c )'((2 j\ ZXc`]`ZX cX [\dXe[X [\ ZcXiX# Zfdgc\kXpgi\Z`jX#gfii\le`i cfj i\hl`j`kfj [\ C\p# j\ cX X[d`k\ Xc ki}d`k\ Fi[`eXi`f%$ :fe\cZfek\e`[f[\cX[\dXe$ [XpÂ&#x201E;jk\8lkf[\ZXc`]`ZXZ`Â?e# [\Zfe]fid`[X[Zfe\c8ik%/) [\c :Â?[`^f [\ GifZ\[`d`\ekf :`m`c m`^\ek\ p \e dÂ&#x201E;i`kf Xc aliXd\ekfi\e[`[fgfi\cXZkfi ZÂ&#x2C6;k\j\Xcfj[\dXe[X[fjj\Â&#x152;f$ i\j <;>8I M@:<EK< GI8;F >L<II82p#AL8E88E><C@:8 M@CC8=L<IK< :FJK?82 d\[`Xek\ ki\j glYc`ZXZ`fe\j i\Xc`qX[Xj\elef[\cfj[`Xi`fj [\ dXpfi Z`iZlcXZ`Â?e [\ \jkX Z`l[X[2X]`e[\hl\\e\ckÂ&#x201E;i$ d`ef[\hl`eZ\[Â&#x2C6;Xjgifgfe^Xe cXj \oZ\gZ`fe\j hl\ j\ Zi\Xe Xj`jk`[fj%$ KÂ?d\j\ \e Zl\ekX \c ZXj`cc\if al[`Z`Xc j\Â&#x152;XcX[f gfi \c XZkfi gXiX jlj efk`]`$ ZXZ`fe\j# XjÂ&#x2C6; Zfdf cX [\j`^$ eXZ`Â?e [\ jl XYf^X[f [\]\e$ jfi%$:@K<J<PEFK@=@HL<J<% = %$;I%:<CJFIL@Q9<;FE# AL<QM@>yJ@DF;<CF:@M@C ;<G@:?@E:?8<E:8I>8;F% CF HL< :FDLE@:F 8 LJK<; G8I8 CFJ =@E<J ;< C<P# I<:FI;Ă?E;FC< C8 F9C@>8:@äE HL< K@<E< ;< J<z8C8I :8J@CC<IF AL;@:@8C <E <C CL>8I ;<C AL:@F G8I8 I<:@9@I JLJ EFK@=@:8:@FE<J%$ :<IK@=@:F% ;I%>8CF98<QA8@D< J<:I<K8I@F <o`jk\]`idXpj\ccf% 8%G%&,(-.(&b%d% <OKI8:KF ALQ>8;FHL@EKF;<CF :@M@C;<G@:?@E:?8 :@K8:@FE AL;@:@8C1 8C J<zFI;I%D8I:F<;DLE;F DFP8EF 9FE@CC8# <E JL :8C@;8; ;< C@HL@;8;FI P I<GI<J<EK8EK< C<>8C ;< C8 :FFG<I8K@M8 ;< M@M@<E;8<CGL<9CFEF%( 8:KFI1 D8I@8 C<FEFI :898J:8E>F>LQD8E ;<D8E;8;F1 8C J<zFI ;I% D8I:F <;DLE;F DFP8EF 9FE@CC8# <E JL :8C@;8; ;< C@HL@;8;FI P I<GI<J<EK8EK< C<>8C ;< C8 :FFG<I8K@M8 ;< M@M@<E;8<CGL<9CFEF%( AL@:@F1)'(($'.()$:J% KI8D@K<1FI;@E8I@F :L8EK@81@E;<K<ID@E8;8 =LE;8D<EKFJ;<;<I<:?F1 <E CF ;@JGL<JKF <E <C 8IK@:LCF )+))# )+)+# )+*+# )+*,#.*+;<C:F;@>F:@M@C P CFJ 8IK% -* P +'+ ;<C :F;@>F;<GIF:<;@D@<EKF :@M@C ;<=<EJFI ;<C 8:KFI1 ;I%

E<JKFIG8QD@zF @E@:@8;F1 ') ;< ALE@F ;<C )'(( ALQ>8;F HL@EKF ;< CF :@M@C ;< G@:?@E:?8%$ Hl`kf# Ale`f))[\c)'((2cXj()_,/%$ M@JKFJ%$GfiZlXekfj\_X[X[f Zldgc`d`\ekfZfecffi[\eX[f \e gifm`[\eZ`X Xek\i`fi% <e cf gi`eZ`gXccX[\dXe[Xhl\Xek\$ Z\[\\jZcXiX#gi\Z`jXpi\Â&#x2019;e\ cfj [\d}j i\hl`j`kfj [\ C\p% :Â&#x2C6;k\j\Xc[\dXe[X[f;i%DXiZf <[dle[f DfpXef 9fe`ccX# \e jl ZXc`[X[ [\ C`hl`[X[fi p I\gi\j\ekXek\ C\^Xc [\ cX :ffg\iXk`mX [\ M`m`\e[X <c Gl\YcfEf%(2gficXgi\ejX\e lef[\cfjg\i`Â?[`Zfj[\Xdgc`X Z`iZlcXZ`Â?ehl\j\\[`kX\e\jkX Z`l[X[ [\ Hl`kf# X ]`e [\ hl\ cX Zfek\jk\e \e \c kÂ&#x201E;id`ef [\ hl`eZ\[Â&#x2C6;Xj#gifgfe`\e[fkf[Xj cXj \oZ\gZ`fe\j [`cXkfi`Xj p g\i\ekfi`Xj X hl\ j\ Zi\p\i\ Xj`jk`[f#ZfeXg\iZ`Y`d`\ekf\e i\Y\c[Â&#x2C6;X%@ejZiÂ&#x2C6;YXj\cX[\dXe[X \e\cI\^`jkif[\cXGifg`\[X[ XZlpffYa\kff]Â&#x2C6;Z`\j\XcJ\Â&#x152;fi I\^`jkiX[fi[\cXGifg`\[X[[\c :XekÂ?e Hl`kf% :lÂ&#x201E;ek\j\ \e cX gi\j\ek\ ZXljX Zfe \c J\Â&#x152;fi 8cZXc[\ p gifZliX[fi JÂ&#x2C6;e[`Zf [\c@cljki\Dle`Z`g`f[\Hl`kf% EFK@=@HL<J<% =  ;iX% DXiÂ&#x2C6;X D\iZ\[\jGfik`ccX al\q% Cf hl\ c\ Zfdle`Zf gXiX cfj ]`e\j [\ C\p# gi\m`e`Â&#x201E;e[fc\ [\ cX fYc`^XZ`Â?e [\ j\Â&#x152;XcXi :Xj`cc\ifAl[`Z`Xc\e\jkXZ`l$ [X[ [\ Hl`kf X ]`e [\ i\Z`Y`i gfjk\i`fi\jefk`]`ZXZ`fe\j\ecX gi\j\ek\ZXljX% ;i%Cl`jIfeM`ccXm`Z\eZ`f J\Zi\kXi`f< 8%G%&,(-.-&b%d% I<GL9C@:8;<C<:L8;FI ALQ>8;FM@><J@DFHL@EKF ;<CF:@M@C;<G@:?@E:?8 <OKI8:KF :@K8:@äEAL;@:@8C8CJ<zFI 98P8I;F KF98I P D8I@8 <LC8C@8CFG<Q 8:KFI<J1J<>LE;FA<E;I@ :@JE<IFJ :FEJK8EK< p >C8;PJ8E><C@:8E8I8EAF

M@CC8>FD<Q ;<D8E;8;FJ1 98P8I;F KF98I P D8I@8 <LC8C@8 CFG<Q AL@:@F FI;@E8I@F $ G I < J : I @ G : @ ç E < O K I 8 F I ; @ E 8 I @ 8 8;HL@J@K@M8 ;< ;FD@E@F$ Ef%*()$)'(($;I%G8LCK8G@8 :L8EK@8@E;<K<ID@E8;8 :8J@CC<IFAL;@:@8CEf%(*.( 89F>8;F ; < = < E J F I ;I8%<C@Q89<K? QLI@K8 E8IM8<Q ALQ>8;FM@><J@DFHL@EKF ;<CF:@M@C;<G@:?@E:?8%$ HL@KF# . [\ efm`\dYi\ [\c )'((# cXj '0_,.%$ M@JKFJ1 CX [\dXe[X hl\ Xek\Z\[\ p jl Zfdgc\d\ekf \j ZcXiX# gi\Z`$ jXpZfdgc\kXp#gfii\le`icfj i\hl`j`kfj[\C\p#j\cXX[d`$ k\ Xc ki}d`k\ Fi[`eXi`f%$ :fe \cZfek\e`[f[\cX[\dXe[Xp 8lkf [\ ZXc`]`ZXZ`Â?e p Xk\ekf \c aliXd\ekf i\e[`[f gfi cfj XZkfi\j J<>LE;F A<E;I@ :@JE<IFJ :FEJK8EK< p >C8;PJ8E><C@:8E8I8EAF M@CC8>FD<Q p Zfe]fid\ cf \jkXYc\Z\\c8ik%/)[\c:Â?[`^f [\ GifZ\[`d`\ekf :`m`c ZÂ&#x2C6;k\j\ Xc[\dXe[X[fj\Â&#x152;fi98P8I;F KF98I p j\Â&#x152;fiX D8I@8 <LC8C@8CFG<QgficXgi\ejX \elef[\cfj[`Xi`fj[\dXpfi Z`iZlcXZ`Â?ehl\j\\[`kXe\e\jkX Z`l[X[[\Hl`kf#X]`e[\hl\\e \ckÂ&#x201E;id`ef[\hl`eZ\[Â&#x2C6;Xjgif$ gfe^Xe\oZ\gZ`fe\j[`cXkfi`Xj fg\i\ekfi`Xj[\cXjhl\j\Zi\X Xj`jk`[f YXaf gi\m\eZ`fe\j [\ c\p#gXiXcfZlXcj\Zfe]\i`i}\c \okiXZkf Zfii\jgfe[`\ek\%$ ;\ Zfe]fid`[X[ Zfe \c 8ik% (''' [\c :Â?[`^f [\ GifZ\[`d`\ekf :`m`c# `ejZiÂ&#x2C6;YXj\ cX [\dXe[X \e\cI\^`jkif[\cXGifg`\[X[ [\c:XekÂ?eHl`kf%$:lÂ&#x201E;ek\j\\e cXgi\j\ek\ZXljXZfe\cj\Â&#x152;fi 8cZXc[\ p GifZliX[fi JÂ&#x2C6;e[`Zf [\c ;`jki`kf D\kifgfc`kXef [\ Hl`kf# hl`\e\j [\Y\i}e j\i Z`kX[fj\ec\^Xcp[\Y`[X]fidX# gXiXkXc\]\Zkf\emÂ&#x2C6;\j\jl]`Z`\e$ k\ [\jgXZ_f X cX F]`Z`eX [\ :`kXZ`fe\j%$KÂ?d\j\\eZl\e$ kX\cZXj`cc\ifal[`Z`Xcj\Â&#x152;XcX[f

CONVOCATORIA A LA JUNTA GENERAL EXTRAORDINARIA DE ACCIONISTAS DE LA COMPAĂ&#x2018;Ă?A AGROINMOBILIARIA ADELPHOS S.A. En cumplimiento a las disposiciones legales y estatutarias vigentes, por medio de la presente tengo a bien convocar a los seĂąores accionistas de la Compaùía Agroinmobiliaria ADELPHOS S.A., a la Junta General Extraordinaria de accionistas, que se llevarĂĄ a cabo el viernes 3 de febrero de 2012 a las 09h00, en las oficinas principales de la compaùía, ubicada en la Avenida 12 de octubre y Luis Cordero, Edificio World Trade Center, Torre A, piso 15, oficina 1508, de esta ciudad de Quito, con la finalidad de conocer y resolver el siguiente orden del dĂ­a: 1. ConstataciĂłn de Quorum;

gfi cX gXik\ XZkfiX gXiX jlj efk`]`ZXZ`fe\j%$ 8^iÂ&#x201E;^l\j\ cX [fZld\ekXZ`Â?eXZfdgXÂ&#x152;X[X%$ :@K<J<PEFK@=@HL<J<%$] ;i% IX]X\c:Xig`fJ}eZ_\q%$AL<Q <E:8I>8;F Cfhl\Zfdle`ZfXljk\[gXiX cfj]`e\jc\^Xc\jZfej`^l`\ek\j# gi\m`e`Â&#x201E;e[fc\[\cXfYc`^XZ`Â?e [\ j\Â&#x152;XcXi ZXj`cc\if al[`Z`Xc gXiX i\Z`Y`i ]lkliXj efk`]`ZX$ Z`fe\j% ;i% Cl`j =\ieXe[f J\iiXef D\e\j\j J<:I<K8I@F I<GL9C@:8 ;<C <:L8;FI ALQ>8;F M@><J@DF HL@EKF ;< CF :@M@C;<G@:?@E:?8 ?Xp]`idXpj\ccf 8:&/*/,'&k]

[\Al\qk`klcXi[\cXAl[`ZXkliX% CX [\dXe[X \j ZcXiX p i\Â&#x2019;e\ cfji\hl`j`kfj[\C\p2\eZfe$ j\Zl\eZ`X#j\X[d`k\Xki}d`k\ Fi[`eXi`f\jkXYc\Z`[f\e\c8ik% *0,pj`^l`\ek\j[\c:Â?[`^f[\ GifZ\[`d`\ekf :`m`c% :Â?iiXj\ kiXjcX[f Zfe \c Zfek\e`[f [\ cX [\dXe[X X cfj _\i\[\ifj gi\jlekfj p [\jZfefZ`[fj [\ hl`\e\j \e m`[X ]l\ife AlXe AfjÂ&#x201E;FiY\fAlXeAfjÂ&#x201E;FiY\X pDXi^Xi`kXKl]`Â&#x152;ffDXi^Xi`kX 8^ljk`eX Kl]`Â&#x152;f ?`[Xc^f2 XjÂ&#x2C6; Zfdf#XIlYÂ&#x201E;e#:Xid\eIXhl\c p>feqXcfFiY\XKl]`Â&#x152;f#X]`e[\ hl\# \e \c kÂ&#x201E;id`ef [\ hl`eZ\ [Â&#x2C6;Xjgifgfe^XcXj\oZ\gZ`fe\j XcXjhl\Zi\Xe\jkXiXj`jk`[fj% 8k\ekf Xc aliXd\ekf i\e[`[f gfi\cXZkfip[\Zfe]fid`[X[ Zfecf[`jgl\jkf\e\c8ik%/) [\c :Â?[`^f [\ GifZ\[`d`\ekf :`m`c# ZÂ&#x2C6;k\j\ gfi d\[`f [\ cX gi\ejX \e lef [\ cfj [`Xi`fj [\ dXpfi Z`iZlcXZ`Â?e \[`kX$ [fj \e cX Z`l[X[% :lÂ&#x201E;ek\j\ Zfe \c 8cZXc[\ p GifZliX[fi [\c ;`jki`kf D\kifgfc`kXef% ;\ Zfe]fid`[X[ Zfe cf [`jgl\jkf \e\c8ik%('''[\c:Â?[`^f[\ GifZ\[`d`\ekf:`m`c#`ejZiÂ&#x2C6;YXj\ cX[\dXe[X\e\cI\^`jkif[\ cXGifg`\[X[#d\[`Xek\f]`Z`f% 8^iÂ&#x201E;^l\j\ cX [fZld\ekXZ`Â?e% I\^Â&#x2C6;jki\j\cXZXj`ccXal[`Z`XcEf% ('/,pcXXlkfi`qXZ`Â?eZfeZ\$ [`[X Xc ;i% Cl`j PXekXc`dXĂ&#x2030;% Efk`]Â&#x2C6;hl\j\% ;i% Alc`f :\jXi 8dfi\jIfYXc`ef#Al\q% Cf hl\ Zfdle`Zf gXiX cfj ]`e\j [\ c\p# gi\m`e`Â&#x201E;e[fc\ [\ cX fYc`^XZ`Â?e [\ j\Â&#x152;XcXi ZXj`$ cc\if al[`Z`Xc gXiX gfjk\i`fi\j efk`]`ZXZ`fe\j%$ 8k\ekXd\ek\# ;i%Afi^\GXcXZ`fj?% J<:I<K8I@F ;<C ALQ>8;F K<I:<IF ;< CF :@M@C ;< G@:?@E:?8 ?Xp]`idXpj\ccf 8:&/*/*(&k]

ALQ>8;FK<I:<IF;<CF :@M@C;<G@:?@E:?8 :@K8:@FE AL;@:@8C 81 ?<I<;<IFJ GI<JLEKFJ P ;<J:FEF:@;FJ;<HL@<E<J <EM@;8=L<IFEAL8EAFJ< FI9< F AL8E AFJy FI9<8 P D8I>8I@K8 KL=@zF F D8I>8I@K8 8>LJK@E8 KL=@zF?@;8C>F28J@:FDF# 8IL9<E#:8ID<EI8HL<CP >FEQ8CFFI9<8KL=@zF AL@:@F% F I ; @ E 8 I @ F $ G I < J : I @ G : @ ä E < O K I 8 F I ; @ E 8 I @ 8 8;HL@J@K@M8;<;FD@E@F$ :8LJ8Ef%(+.0$)'(( 8:KFI% 8C:@;<J 8L>LJKF I<@EFJF FI9< P 9C8E:8 <JD<I8C;8 M8 : 8 >FEQ8C<Q ;<D8E;8;F% ?<I<;<IFJ GI<JLEKFJ P ;<J:FEF:@;FJ;<HL@<E<J <EM@;8=L<IFEAL8EAFJ< FI9< F AL8E AFJy FI9<8 P D8I>8I@K8 KL=@zF F D8I>8I@K8 8>LJK@E8 KL=@zF?@;8C>F28J@:FDF# 8IL9<E#:8ID<EI8HL<CP >FEQ8CFFI9<8KL=@zF :L8EK@8%@E;<K<ID@E8;8 Ă&#x2C6;ALQ>8;F K<I:<IF ;< CF :@M@C ;< G@:?@E:?8% Hl`kf# al\m\j)0[\[`Z`\dYi\[\c)'((# cXj(+_*)%M@JKFJ18mfZfZfef$ Z`d`\ekf[\cXZXljX\eZXc`[X[

I<Gè9C@:8;<C<:L8;FI ALQ>8;FF:K8MF;<CF :@M@C;<G@:?@E:?8 <OKI8:KF 8cfjj\Â&#x152;fi\jAFJ<:?@:8@Q8

J8E>L:?Fp8EKFE@8K8:F <J:F98I#j\c\j_XZ\Zfef$ Z\i\c<okiXZkf[\cX[\dXe[X FI;@E8I@8 p cX Gifm`[\eZ`X hl\_XZfek`elXZ`Â?ej`^l\1 8ZkfiX1CLQD8I@8:?@:8@Q8 K8:F ;\dXe[X[fj1AFJ<:?@:8@Q8 J8E>L:?Fp8EKFE@8K8:F <J:F98I 8jlekf1 GI<J:I@G:@FE < O K I 8F I ; @ E 8 I @ 8  ; < ;FD@E@F :lXekÂ&#x2C6;X1@E;<K<ID@E8;8% KiXd`k\1FI;@E8I@F =\Z_X [\ @e`Z`XZ`Â?e1 (. ;< D8IQF;<C)'(( :XljX1Fi[`eXi`fE%$*+)$)'(( ;I%<;@JFE98IIFJ GIFM@;<E:@814444 ALQ>8;F F:K8MF ;< CF :@M@C ;< G@:?@E:?8%$ Hl`kf# m`\ie\j*[\ale`f[\c)'((#cXj ((_(*%$M@JKFJ1CXZfdg\k\e$ Z`X [\ \jkX ZXljX j\ _X iX[`$ ZX[f\e\jkXal[`ZXkliXgficf kXekf XmfZf ZfefZ`d`\ekf [\ cX d`jdX% <e cf gi`eZ`gXc cX [\dXe[Xhl\Xek\Z\[\\jZcXiX gi\Z`jX p i\Â&#x2019;e\ cfj i\hl`j`kfj [\C\p#gficfhl\j\c\X[d`k\ X ki}d`k\ Fi[`eXi`f% 8k\ekf Xc aliXd\ekfi\e[`[fgficXXZkfiX [\Zfe]fid`[X[Xcf[`jgl\jkf gfi \c 8ik% /) [\c :Â?[`^f [\ GifZ\[`d`\ekf:`m`cZÂ&#x2C6;k\j\Xcfj [\dXe[X[fj AFJ< :?@:8@Q8 J8E>L:?Fp8EKFE@8K8:F <J:F98I gfi cX gi\ejX \e lef [\ cfj [`Xi`fj [\ dXpfi Z`iZlcXZ`Â?ephl\j\\[`kXe\e \jkXZ`l[X[ZfecXZfg`X[\cX [\dXe[Xp\jkXgifm`[\eZ`XX ]`e[\hl\cXZfek\jk\[\ekif[\c kÂ&#x201E;id`ef[\(,[Â&#x2C6;Xjgifgfe`\e$ [fcXj\oZ\gZ`fe\j[`cXkfi`Xjp g\i\ekfi`Xjhl\j\Zi\p\i\Xj`j$ k`[fYXafgi\m\eZ`fe\j[\C\p%$ ;\Zfe]fid`[X[Xcf[`jgl\jkf gfi\c8ik%('''[\c:Â?[`^f[\ GifZ\[`d`\ekf:`m`c#j\fi[\eX cX `ejZi`gZ`Â?e [\ cX [\dXe[X \e\cI\^`jkif[\cXGifg`\[X[ Zfej\Zl\ek\d\ek\efk`]Â&#x2C6;hl\j\ Xc d`jdf X ]`e [\ hl\ kfd\ efkX[\\jk\gXik`ZlcXi\ecfj c`Yifj i\jg\Zk`mfj%$ :lÂ&#x201E;ek\j\ Zfe \c ;`jki`kf D\kifgfc`kXef

CONVOCATORIA A JUNTA GENERAL DE ACCIONISTAS DE LA COMPAĂ&#x2018;Ă?A LA JOYA DEL SUR JOYSUR S.A. De conformidad con lo establecido en los artĂ­culos 213 de la Ley de Compaùías y Cinco del Reglamento sobre Juntas Generales de Socios y Accionistas, reformado mediante ResoluciĂłn No. 08.Q.IJ.0011 de 11 de diciembre del 2008, publicado en el Registro Oficial No. 498 de 31 de los mismos mes y aĂąo; y, en ejercicio de las atribuciones asignadas mediante Resoluciones Nos. ADM-Q-2011-003 de 17 de enero del 2011; y, SC-IAF-DRH-G-2011-0220 de 24 de marzo del 2011; se convoca a los Accionistas de la compaùía LA JOYA DEL SUR JOYSUR S.A. a la Junta General de Accionistas que tendrĂĄ lugar el dĂ­a jueves 2 de febrero del 2012, a las 10H00, en la sede social de la compaùía ubicada en la Panamericana Sur, kilĂłmetro diez y siete y medio, Barrio Aida Palacios, parroquia Cutuglahua perteneciente al cantĂłn MejĂ­a, provincia de Pichincha con el objeto de conocer y tratar los siguientes puntos del orden del dĂ­a, con la advertencia de que por mandato de la norma reglamentaria antes invocada, en la convocatoria que hiciere la Superintendencia de Compaùías deberĂĄ transcribirse los asuntos que el accionista solicitante de la misma indique en su peticiĂłn, sin que sea posible modificaciĂłn alguna, excepto si se tratare de asuntos contrarios a la ley, al orden pĂşblico o a las buenas costumbres: 1. Informe del Acta de Junta Extraordinaria del 12 de julio del 2011;

2. Conocer y resolver el nombramiento de Presidente y Gerente General de la Compaùía, para el periodo estatutario de dos aùos cada uno;

2. Pedido de AuditorĂ­a de las Administraciones anteriores dirigidas por el seĂąor HĂŠctor YĂĄnez TipĂĄn y por el seĂąor Rodrigo Aguayo Yanchatipan;

3. Reforma del Objeto Social y Estatutos;

3. Reestructuración de la actual administración y directiva, por cuanto en la elección de los mismos no se dio cumplimiento a lo dispuesto en el Art. 236 de la indicada Ley de Compaùías vigente.

4. Aumento de Capital de la Compaùía.

Quito, 13 ENE 2012.

Quito, 24 de octubre de 2012

Ab. Hugo Arias Salgado INTENDENTE JURIDICO

Roberto VilIacreces Oviedo Presidente AC/83856/tf

AC/83861/tf


KÂ&#x201E;e^Xj\ \e Zl\ekX cX ZXj`ccX al[`Z`Xc j\Â&#x152;XcX[X% 8^iÂ&#x201E;^l\j\ Xc gifZ\jf cX [fZld\ekXZ`Â?e XZfdgXÂ&#x152;X[X%$EFK@=@HL<J<%$ ]  ;i% 8idXe[f 8Z\c[f >lXcc`% Al\q Cfhl\Zfdle`ZfXljk\[[\cX fYc`^XZ`Â?ehl\k`\e\[\j\Â&#x152;XcXi [fd`Z`c`fal[`Z`Xc\eXcGXcXZ`f [\Aljk`Z`X[\\jkXZ`l[X[gXiX i\Z`Y`i ]lkliXj efk`]`ZXZ`fe\j% Hl`kf#(0\e\if[\c)'()% ;i%=iXeZ`jZfAljk`Z`X J<:I<K8I@F ?Xp]`idXpj\ccf 8:&/*/(+&k]

I<D8K<J I%[\c<% 8M@JF;<I<D8K< ALQ>8;FM@><J@DF;<CF :@M@C;<G@:?@E:?8 J\ gfe\ \e ZfefZ`d`\ekf [\c gÂ&#x2019;Yc`Zf \e ^\e\iXc hl\ \c [Â&#x2C6;X Al\m\j )) [\ dXiqf [\c [fj d`c [fZ\# [\j[\ cXj ki\Z\ _fiXj _XjkX cXj [`\Z`j`\k\ _fiXj# \e cX J\Zi\kXiÂ&#x2C6;X [\c Alq^X[f M`^Â&#x201E;j`df [\ cf :`m`c [\ G`Z_`eZ_X# j\ gifZ\[\i} Xc i\dXk\ [\c Y`\e `edl\Yc\ \dYXi^X[f [\ekif [\ cX gi\$ j\ek\ZXljX#ZlpXjZXiXZk\iÂ&#x2C6;j$ k`ZXjp[\d}j\jg\Z`]`ZXZ`fe\j j\[\kXccXeXZfek`elXZ`Â?e1 AL@:@F <A<:LK@MF Ef% 0,/$ )''/C%8% CZ[f%JXÂ&#x2019;@M`el\qX$;\gfj`kXi`f Al[`Z`Xc:XekÂ?eIld`Â&#x152;X_l` Cfjc`e[\ifjp\c}i\X[\cCfk\ Ef%)*#[\XZl\i[fZfe\cZ\ik`]`$ ZX[fpcXm\i`]`ZXZ`Â?ei\Xc`qX[X# jfecfjj`^l`\ek\j% C@E;<IFJ ;<C CFK< Ef%)*%$ Efik\1 :fe \c Cfk\ Ef%)+%$ Jlif\jk\1 :fe \c Cfk\ Ef ))$<jk\1:fecXZXcc\GÂ&#x2019;Yc`ZX# [\efd`eX[X G\[if DfeZXpf% F\jk\1 :fe Hl\YiX[`ccX% 8i\X1 ((%*0)#''d)#j\^Â&#x2019;e\jZi`kliX pZ\ik`]`ZX[f% Cfk\ [\ k\ii\ef# [\ ]fidX i\^lcXi# [\ kfgf^iX]Â&#x2C6;X `eZc`$ eX[X _XZ`X \c c`e[\if Efik\ p FZZ`[\ekXc#j\_XeZfe]fidX[f mXi`XjgcXkX]fidXj#gXiXZfej$ kilZZ`fe\jpgXk`f[\ljfdÂ&#x2019;ck`$

gc\#[`jgfe\[\leZ\iiXd`\ekf ]ifekXc# \e \c c`e[\if fi`\ekXc pgXiZ`Xc\e\cc`e[\ifJli#[\ dXccX jfgfikX[X \e klYf ^Xc$ mXe`qX[f#j`eZ\iiXd`\ekfj\e cfjc`e[\ifjEfik\pFZZ`[\ekXc# ZlY`\ikf[\gXjkfeXkliXc\ejl dXpfi gXik\2 cl^Xi \e \c hl\ ]leZ`feX le :fc\^`f [\efd`$ eX[fD8?8E8PD#cX:Xcc\\j \dg\[iX[X[`jgfe\[\XcZXekX$ i`ccX[f#i\[[\\e\i^Â&#x2C6;X\cÂ&#x201E;Zki`ZX# X^lXgfkXYc\#pk\cÂ&#x201E;]fef2gi\[`f hl\gfijljZXiXZk\iÂ&#x2C6;jk`ZXjpjl lY`ZXZ`Â?e#[\XZl\i[fZfecfj gi\Z`fjZfd\iZ`Xc\j[\f]\ikXp [\dXe[X[\cj\Zkfi#j\mXcfiX XiXqÂ?e[\LJ;(/%''Z&d)#cf hl\ [X le mXcfi kfkXc [\ LJ; )',%',-#''% <e \jk\ gi\[`f j\ \eZl\ekiXe cXj j`^l`\ek\j ZfejkilZZ`fe\j1 LeXZfejkilZZ`Â?e\e\jkilZkliX d\k}c`ZX#gcXkX]fidX[\_fid`$ ^Â?e#gXi\[\j[\Ycfhl\i\mfZX$ [f p g`ekliX# Zfe ZlY`\ikX [\ \k\ie`k\e\jkilZkliXd\k}c`ZX# gl\ikX [\ `e^i\jf [\ _`\iif kfc#m\ekXeXj[\_`\iifm`[i`fp gifk\Zkfi\j#Zfele}i\X[\,' d)#cl^Xi\e\chl\]leZ`feXCX ;`i\ZZ`Â?e[\c<jkXYc\Z`d`\ekf# XZXYX[fj\ZfeÂ?d`Zfj#i\^lcXi \jkX[f [\ Zfej\imXZ`Â?e# j\ mXcfiXXiXqÂ?e[\LJ;.'Z&d) cfhl\[XlemXcfikfkXc[\LJ; *%,''#''% 8 Zfek`elXZ`Â?e j\ \eZl\ekiX# fkiXZfejkilZZ`Â?e\e\jkilZkliX d\k}c`ZX#gcXkX]fidX[\_fid`$ ^Â?e#gXi\[\j[\Ycfhl\i\mfZX$ [f#ZfeZlY`\ikX[\\k\ie`k\e \jkilZkliXd\k}c`ZX#gl\ikXj[\ `e^i\jf[\_`\iifkfc#m\ekXeXj [\_`\iifm`[i`fpgifk\Zkfi\j# Zfele}i\X[\(-*#,'d)#cl^Xi \e\chl\]leZ`feX[fjXlcXj#le YXi p YXk\iÂ&#x2C6;Xj jXe`kXi`Xj Zfe g`jfj [\ Z\i}d`ZX# XZXYX[fj \ZfeÂ?d`Zfj#i\^lcXi\jkX[f[\ Zfej\imXZ`Â?e#j\mXcfiXXiXqÂ?e [\LJ;/'Z&d)#cfhl\[Xle mXcfikfkXc[\LJ;(*%'/'#'' Cl\^fj\\eZl\ekiXfkiXZfej$ kilZZ`Â?e \e \jkilZkliX d\k}$ c`ZX# gcXkX]fidX [\ _fid`^Â?e# gXi\[\j [\ Ycfhl\ i\mfZX[f# ZfeZlY`\ikX[\\k\ie`kpkiXj$

cÂ&#x2019;Z`[f#\e\jkilZkliXd\k}c`ZX# gl\ikXj [\ `e^i\jf [\ _`\iif kfc#m\ekXeXj[\_`\iifpm`[i`f# Zfele}i\X[\(,.#,'d)#cl^Xi \e\chl\]leZ`feXki\jXlcXj# XZXYX[fj \ZfeÂ?d`Zfj# i\^l$ cXi \jkX[f [\ Zfej\imXZ`Â?e# j\ mXcfi\ X iXqÂ?e [\ LJ; .' Z&d)#cfhl\[XlemXcfikfkXc [\LJ;((%'),#'' 8[fjX[X X cX Xek\i`fi j\ \eZl\ekiXleXZfejkilZZ`Â?e\e \jkilZkliX d\k}c`ZX# gcXkX]fi$ dX [\ _fid`^Â?e# gXi\[\j [\ Ycfhl\i\mfZX[f#ZfeZlY`\ikX [\^XcmXcld\e[liXk\Z_f \e \jkilZkliXd\k}c`ZX#gl\ikXj[\ `e^i\jf[\_`\iifkfc#m\ekXeXj [\_`\iifpm`[i`f#Zfele}i\X [\//#)'d)#cl^Xi\e\chl\ ]leZ`feXe[fjXlcXj#XZXYX[fj \ZfeÂ?d`Zfj#i\^lcXi\jkX[f[\ Zfej\imXZ`Â?e#j\mXcfiXXiXqÂ?e [\LJ;-'Z&d)#cfhl\[Xle mXcfikfkXc[Â&#x201E;LJ;,%)0)#'' :fe]i\ek\XcXjXek\i`fi\j#j\ \eZl\ekiXleXZfejkilZZ`Â?e\e \jkilZkliX d\k}c`ZX# gcXkX]fi$ dX [\ _fid`^Â?e# gXi\[\j [\ Ycfhl\i\mfZX[f#ZfeZlY`\ikX [\^XcmXcld\e[liXk\Z_f \e \jkilZkliXd\k}c`ZX#gl\ikXj[\ `e^i\jf[\_`\iifkfc#m\ekXeXj [\_`\iifpm`[i`f#Zfele}i\X [\(*)#*'d)#cl^Xi\e\chl\ ]leZ`feX ki\j XlcXj \jZfcXi\j# XZXYX[fj \ZfeÂ?d`Zfj# i\^l$ cXi \jkX[f [\ Zfej\imXZ`Â?e# j\ mXcfiX X iXqÂ?e [\ LJ; -' Z&d)#cfhl\[XlemXcfikfkXc [\LJ;.%0*/#''% GXk`f[\ljfdÂ&#x2019;ck`gc\ZfeX[f$ hlÂ&#x2C6;e#Zfele}i\X[\/''d)# i\^lcXi \jkX[f [\ Zfej\imX$ Z`Â?e#j\mXcfiXXLJ;/Z&d)# cfhl\[XlemXcfikfkXc[\LJ; -%+''%''% 8M8 CL F  KFK8 C  ; < C @EDL<9C<%$LJF),)%)0(#'' JFE1 ; F J : @ < E K F J :@E:L<EK8 P ;FJ D@C ;FJ:@<EKFJ EFM<EK8 P LEF ''&('' ;äC8I<J 8D<I@:8EFJ% Cfhl\Zfdle`ZfgXiXcfj]`e\j c\^Xc\j#GfikiXkXij\[\cgi`d\i j\Â&#x152;XcXd`\ekf# j\ XZ\gkXi}e gfjkliXj hl\ ZlYiXe gfi cf

De^Wogk[Yed\kdZ_hdkdYW[bYede# Y_c_[djeYedbWiWX_ZkhÂ&#x2021;W$;bfh_c[he deii_hl[fWhW]WdWhdeibWl_ZW1bW iWX_ZkhÂ&#x2021;WdeiWokZWWl_l_h$

9 7 H ; O " I$

d\efj#cXj[fjk\iZ\iXjgXik\j [\c XmXcÂ&#x2019;f g\i`Z`Xc XgifYX[f [\c Y`\e `edl\Yc\ fYa\kf [\c i\dXk\ cXj ZlXc\j [\Y\i}e j\i [\gfj`kX[Xj \e cX ]fidX pdfekf\jkXYc\Z`[f\ecXc\p# d\[`Xek\Z_\hl\Z\ik`]`ZX[fX cX fi[\e [\c alq^X[f f [`e\if \e\]\Zk`mf% Cfhl\Zfdle`ZfgXiXcfj]`e\j [\C\p% ;I%>8CF98<QA8@D< J<:I<K8I@F ALQ>8;F M@><J@DF ;< CF :@M@C ;< G@:?@E:?8 ?Xp]`idXpj\ccf 8:&/*/+)&k] ALQ>8;FJ<OKF;<CF:@M@C ;<G@:?@E:?8 8M@JF;<I<D8K< J\ gfe\ \e ZfefZ`d`\ekf [\c gÂ&#x2019;Yc`Zf \e ^\e\iXc hl\ \c [Â&#x2C6;X '0 [\ dXiqf [\c XÂ&#x152;f )'()# [\j[\ cXj (*_'' _XjkX cXj (._''# \e cX J\Zi\kXiÂ&#x2C6;X [\ \jkXAl[`ZXkliX#lY`ZX[X\e\c GXcXZ`f [\ Aljk`Z`X# [\ Hl`kf# 8m%-[\[`Z`\dYi\pG`\[iX_`kX# \ekiXe[fgficX8m%-[\[`Z`\d$ Yi\# gi`d\i g`jf# ALQ>8;FJ :FIGFI8K@MFJ # F]% *'-# j\ i\Xc`qXi}\ci\dXk\[\cm\_Â&#x2C6;Zlcf ZlpXj ZXiXZk\iÂ&#x2C6;jk`ZXj j\ [\kX$ ccXeXZfek`elXZ`Â?e1 DXiZX1:?<MIFC<K :cXj\18LKFDFM@C GcXZX1GQF$)(- Df[\cf1 :FIJ8 <MFCLK@FE +GJK; J\i`\ : _ X j ` j 1 /C8O=((I/+''(++(-# J\i`\Dfkfi1(IF$''/-.. :fcfi1 8dXi`ccf $ KXo` YcXeZf dX_c\i 

8Â&#x152;f1)''+ <c m\_Â&#x2C6;Zlcf j\ \eZl\ekiX j`e ]leZ`feXi#cXYXk\iÂ&#x2C6;X[\jZXi^X$ [X#g`ekliX\ei\^lcXi\jkX[f2 kXg`qX[f[\cfjXj`\ekfjjlZ`fj# jfcfcfjXj`\ekfjk`\e\e]fiif2 gXe\c[\`ejkild\ekfjZfdgc\$ kf# j`e dXjZXi`ccX [\ iX[`f2 \c dfkfiefj\gl[fZfdgifYXi2 cfj Zfdgfe\ek\j gi`eZ`gXc\j kf[fj \jk}e gi\j\ek\j2 cXj ccXekXj\ei\^lcXi\jkX[f2k`\e\ ccXekX [\ \d\i^\eZ`X# \jg\af `ek\i`fi# \jg\afj cXk\iXc\j# ifdg\m`\ekfj\ecXjm\ekXeXj [\cXek\iXj#Xifj[\dX^e\j`f# p _\iiXd`\ekXj Y}j`ZXj%$ J\ cf `ejg\ZZ`feÂ? p XmXcÂ&#x2019;f \c (' [\ FZklYi\ [\c XÂ&#x152;f )'('# X cXj (,_+, \e jl gXihl\X[\if lY`ZX[f\ecXIÂ&#x2C6;f:fZX#]i\ek\ XcXGXiX[X[\cX<:FM@8%$J\ \eZl\ekiXYXafcXZljkf[`X[\c ;\gfj`kXi`fAl[`Z`Xc;i%<ei`hl\ 8i`XjM\c}jk\^l`%$GficXjZXiXZ$ k\iÂ&#x2C6;jk`ZXjXefkX[Xj#j\cfXmX$ cÂ&#x2019;X \e :@E:F D@C ;FC8I<J [\cfj<jkX[fjLe`[fj[\Efik\ 8dÂ&#x201E;i`ZX%$ <e\c[Â&#x2C6;Xp_fiXj\Â&#x152;XcX[fjj\ i\Z`Y`i}e f]\ikXj hl\ ZlYiXe gficfd\efjcXj[fjk\iZ\iXj gXik\j [\c XmXcÂ&#x2019;f XgifYX[f# X[alekX[f\c('[\cff]i\Z`[f \e[`e\if\]\Zk`mff\eZ_\hl\ Z\ik`]`ZX[f X efdYi\ [\ \jkX al[`ZXkliX%$ <cm\_Â&#x2C6;Zlcfgl\[\j\ifYj\imX$ [fpi\m`jX[f\e\cgXihl\X[\$ if#gi\m`XXlkfi`qXZ`Â?e[\cefd$ YiX[f[\gfj`kXi`fal[`Z`Xc%<e\c gifZ\jfZfejkXe]fkf^iX]Â&#x2C6;Xj% Cfhl\gfe^f\eZfefZ`d`\ekf [\cgÂ&#x2019;Yc`Zf\e^\e\iXcgXiXcfj ]`e\jc\^Xc\jZfej`^l`\ek\j%$ ;I% <;N@E :<M8CCFJ

REPUBLICA DEL ECUADOR SUPERINTENDENCIA DE COMPAĂ&#x2018;IAS

EXTRACTO

CONVOCATORIA FundaciĂłn Albergue La Dolorosa convoca a todos sus miembros a la JUNTA GENERAL ORDINARIA, que tendrĂĄ lugar el dĂ­a viernes 27 de enero de 2012, a partir de las 17H00 en el salĂłn de la Parroquia La Dolorosa. Se trataran el siguiente orden del dĂ­a. 1.- Lectura y aprobaciĂłn del acta de la Junta Anterior. 2.- Informe general del aĂąo 2011. 3.- Ingreso de nuevos miembros. 4.- DesignaciĂłn del Directorio de la FundaciĂłn para el aĂąo 2012. En caso de no reunir el quĂłrum reglamentario, la Junta darĂĄ inicio luego de transcurridos sesenta minutos de la hora de la convocatoria. Quito, Enero 24 de 2011

DE LA ESCRITURA PĂ&#x161;BLICA DE REFORMA y CODIFICACIĂ&#x201C;N DE ESTATUTOS DE ROSINVAR S.A. Se comunica al pĂşblico que ROSINVAR S.A., con domicilio principal en el cantĂłn Pedro Moncayo, reformĂł y codificĂł sus Estatutos por escritura pĂşblica otorgada ante el Notario TrigĂŠsimo Sexto del Distrito Metropolitano de Quito el 9 de agosto de 2011. Actos societarios aprobados por la Superintendencia de Compaùías, mediante ResoluciĂłn No. SC.IJ.DJCPTE.Q.12.000110 de 10 de enero del 2012 En virtud de la mencionada escritura pĂşblica la compaùía reforma y codifica, entre otros, el ArtĂ­culo DĂŠcimo Octavo del Estatuto Social, referente al Gobierno y AdministraciĂłn de la compaùía, de la siguiente manera: â&#x20AC;&#x153;ARTĂ?CULO DĂ&#x2030;CIMO OCTAVO.GOBIERNO Y ADMINISTRACIĂ&#x201C;N.- La compaùía estarĂĄ gobernada por la Junta General de Accionistas y serĂĄ administrada por el Gerente General y por el Presidente.â&#x20AC;? Quito, 10 de enero de 2012

P. IvĂĄn Lucero Villamar S.J. PRESIDENTE DEL DIRECTORIO AC/83859tf

Dr. Camilo Valdivieso Cueva INTENDENTE DE COMPAĂ&#x2018;Ă?AS DE QUITO AR/85209/cc

8DGL;@8% J<:I<K8I@F ?Xp]`idXpj\ccf 8:&/*/+-&k] I\gÂ&#x2019;Yc`ZX[\c<ZlX[fi ALQ>8;F:L8IKF;<CF :@M@C;<G@:?@E:?8 8M@JF;<I<D8K< J\ gfe\ \e ZfefZ`d`\ekf [\c gÂ&#x2019;Yc`Zf \e ^\e\iXc hl\ \e cX J\Zi\kXi`X[\\jkXAl[`ZXkliX# \c[Â&#x2C6;XM<@EK@LEF;<=<9I<IF ;<C 8zF ;FJ D@C ;F:<# [\j[\cXjki\Z\_fiXj_XjkXcXj [`\Z`j`\k\_fiXj#j\i\Xc`qXi}\c i\dXk\[\c`edl\Yc\\dYXi^X$ [f#[\ekif[\cal`Z`f\a\Zlk`mf Ef%'')*$)''/$mX%;I%8E><C G8KI@:@F K<CCF# Zfej`jk\ek\ \e\cj`^l`\ek\`edl\Yc\1 (%$<c`edl\Yc\hl\j\fi[\eX XmXclXi#j\\eZl\ekiXcfZXc`qX$ [f\ecX:Xcc\D`^l\c9liYXef# Zfe efd\eZcXkliX XZklXc E+/$(/* [\ cX LiYXe`qXZ`Â?e \c G`eXi# Ali`j[`ZZ`Â?e [\ cX GXiifhl`X :_Xlg`Zilq# _fp CX :feZ\gZ`Â?e#[\c:XekÂ?eHl`kf D\kifgfc`kXef# Gifm`eZ`X [\ G`Z_`eZ_X% @edl\Yc\ YXaf \c IÂ&#x201E;^`d\e [\ Gifg`\[X[ ?fi`qfekXc# hl\ j\ `[\ek`]`ZXZfdfcX:XjX[\ccX[f efik\pk\ii\ef[\ljf\oZclj`$ mf#[\cXLiYXe`qXZ`Â?e<cG`eXi 9Xaf#hl\_Xj`[fX[hl`i`[fgfi cfjZÂ?epl^\j>8CFIF9<IKF DLzFQ8JKL;@CCFp<C<E8 DLzFQ8JKL;@CCF#d\[`Xek\ ZfdgiX X cfj ZÂ?epl^\j Ji\j2 =I<;P >FEQ8CF K8G@8 HL@E:?8 p >C8;PJ K8G@8 >8I:@8 p fkifj# j\^Â&#x2019;e \jZi`$ kliXZ\c\YiX[X\c*([\8^fjkf [\c )%''-2 Xek\ \c EfkXi`f M`^Â&#x201E;j`df K\iZ\if [\c :XekÂ?e Hl`kf;i%>XYi`\c:fYfLihl`qf# `ejZi`kX \e \c I\^`jkif [Â&#x201E; cX Gifg`\[X[# \c (( [\ FZklYi\ [\c)%''-#Zfe]fid\XcX\jZi`$ kliXp:\ik`]`ZX[fX^i\^X[fXc GifZ\jf% Gifg`\[X[hl\[\XZl\i[fZfe cfj [fZld\ekfj Xek\j `e[`ZX$ [fjpcXZfejkXkXZ`Â?ei\Xc`qX[X k`\e\cXj`^l`\ek\c`e[\iXZ`Â?e1 C@E;<IFJ <JG<:@=@:FJ ;< C8:8J8C8;FEFIK<% Efik\1 :fe <c Cfk\ EÂ&#x2014; )+# \e .#'' d%# p Zfe aXi[Â&#x2C6;e [\ ljf \oZclj`mf_XZ`X\cCfk\EÂ&#x2014;)+# \e0#-'d% Jli1:fe:XjX[\ccX[fJli#\e (-#-'d <jk\1:feaXi[Â&#x2C6;e[\ljf\oZcl$ j`mf XZZ\jf  _XZ`X cX :Xcc\ D`^l\c8%9liYXef#\e+#''X# paXi[Â&#x2C6;e[\ljf\oZclj`mf_XZ`X cXZXcc\D`^l\c8%9liYXef#\e -#''d% F\jk\1 :fe aXi[Â&#x2C6;e gfjk\i`fi [\ljf\oZclj`mf#\e('#''d% 8ii`YX1 GcXekX XckX# ZXjX cX[f Efik\#\e00#-'d)% 8YXaf2Jl\cf#\e().#-'d)%$ Jlg\i]`Z`\1J`e^lcXi[\ck\ii\$ ef#mXcfiXgc`ZXYc\XcXgifg`\$ [X[ \j [\ ki\jZ`\ekfj d\kifj ZlX[iX[fj%CXXcÂ&#x2C6;ZlfkX[\Zfe$ ki`YlZ`Â?e[\XZl\i[fXc8ikÂ&#x2C6;Zlcf hl`ekf [\ cX C\p [\ IÂ&#x201E;^`d\e [\Gifg`\[X[?fi`qfekXc#\j[\ Z`eZl\ekXgfiZ`\ekf% C@E;<IFJ P ;@D<EJ@FE<J ;<C K<II<EF ;< LJF <O:CLJ@MFC8;FEFIK< % Efik\1 :fe \c Cfk\ EÂ&#x2014; )+# \e *'#(,d% Jli1K\ii\ef[\cXZXjXcX[fJli# \e*'#''d% <jk\1 :fe cX :Xcc\ D`^l\c 8% 9liYXef#\e('#''d% F\jk\1 :fe dlif [\ cX LiYXe`qXZ`Â?eZXjXki\jZ`\ekfj m\`ek\ #\e('#''d% Jlg\i]`Z`\1*''#''d)%$ ;Xkfj kfdX[fj [\ cX \jZi`$ kliX [\ X[hl`j`Z`Â?e# Zc}ljlcX k\iZ\iX % )%<ck\ii\ef\j[\]fidXi\^l$ cXi# [\ kfgf^iX]Â&#x2C6;X gcXeX# Zfe lee`m\cjlg\i`fiXc[\cXZXcc\# [`jgfe\[\kf[fjcfjj\im`Z`fjp fYiXj[\`e]iX\jkilZkliX#ZXcc\j Xj]XckX[Xj#Yfi[`ccfjpm\i\[Xj# X^lXgfkXYc\#\e\i^Â&#x2C6;X\cÂ&#x201E;Zki`ZX# XcZXekXi`ccX[f#k\cÂ&#x201E;]fef\kZ%$ 8e`m\c[\cXZXcc\j\\eZl\e$ kiXe[fjgl\ikXj[\_`\iifkfc# gXiX `e^i\jf Zfe m\_Â&#x2C6;Zlcfj p leX gl\ikX g\XkfeXc%$ ;fj ^XiXa\j ZlY`\ikfj# Zfe g`jfj [\Z\d\ekfpcfjX[\ZlY`\ikX# Yf[\^XZfeg`jfj[\Z\i}d`ZXp leYXÂ&#x152;f#Zfeg`jfj[\YXc[fjX# [lZ_Xp[fjg`\qXjjXe`kXi`Xj#

 

  

g Ĺ? Ä&#x201A;Ä&#x2020;Ĺ?Ĺ?Ĺ?Ĺ?Ä&#x201A;Ä&#x20AC;Ä Ä&#x201A;

Ĺ?+.Ĺ? Ä&#x152;Ĺ? Zfele}i\X[\+'#''d)%$;fj XZZ\jfj g\XkfeXc\j# Zfe ^iX$ [XjgXiX\c`e^i\jfXcXZXjX# i\m\jk`[fj[\Z\i}d`ZX%$ GXiX\c`e^i\jfXcXZXjX#j\_X Zfejkil`[fle_Xcc[\\ekiX[X# \e\ccX[fefik\#Zfeg`jfj[\ Z\i}d`ZX#ZlY`\ikX[\m`[i`f\e g\i]`c\j[\Xcld`e`f*)d)%$ CX ZXjX# \j [\ [fj gcXekXj# jl \jkilZkliX \j _fid`^Â?e XidX[f# Zfe cfjX [\ \eki\g`$ jf#ZlY`\ikX`eZc`eX[XZfek\aX m`[i`X[XpkldYX[fj[\dX[\iX m`jkX# m\ekXeXj [\ Xcld`e`f p m`[i`f#gl\ikXj[\dX[\iX#k`\e\ cXj`^l`\ek\[`jki`YlZ`Â?e1GcXekX YXaX%$?Xcc[\`e^i\jf#pjXcXZfe g`jfj[\gfiZ\cXeXkf#gXi\[\j Zfe \eclZ`[fj c`jfj kldYX$ [fj Z_X]X[fj# X[fieX[fj Zfe ^pgjld#gl\ikX[\`e^i\jf[\ dX[\iXpm`[i`f2_Xccp^iX[X[\ `e^i\jfXcZfd\[fipjlYjl\cf ,)#,'d)2\cjlYjl\cf\jkX[\j$ k`eX[fgXiXjXcX[\dÂ&#x2019;j`ZXp&f [`jZfk\ZX#Zfeg`jfj[\Z\i}d`$ ZX#gXi\[\jZfei\ZlYi`d`\ekf [\Xc]fdYiXpdX[\iXZfekiX$ Z_XgX[X# kldYX[fj Z_X]X[fj2 le YXÂ&#x152;f Zfe g`jfj [\ gfiZ\$ cXeXkf# [fj g`\qXj jXe`kXi`Xj cXmXdXefj\dgfkiX[f +)#+' d)2ZfZ`eXpZfd\[fiZfeg`jfj [\gfiZ\cXeXkf#Zfe\eclZ`[fj c`jfjpkldYX[fjZ_X]X[fj#cX ZfZ`eXk`\e\d\jfe\j[\_fi$ d`^Â?e i\m\jk`[fj [\ d}idfc# dl\Yc\j [\ dX[\iX Xckfj p YXafjD;=#m\ekXeXj[\cX[i`ccf [\m`[i`f#gl\ikXj[\Xcld`e`fp m`[i`f2ZlXikf[\dXhl`eXjZfe g`jfjpgXi\[\jXd\[`XXckliX i\m\jk`[fj [\ Z\i}d`ZX2 Zfe leX}i\XXgifo`dX[X[\./#+' d)%$GcXekXXckX%$?Xcc[\`e^i\$ jfp[`jki`YlZ`Â?e#Zfeg`jfj[\ gfiZ\cXeXkf# [fj [fid`kfi`fj# lefZfeg`jf]cfkXek\pYXÂ&#x152;fgi`$ mX[fZfeg`jfj[\gfiZ\cXeXkf# [lZ_XZfeZXY`eX[\m`[i`f#[fj g`\qXj jXe`kXi`Xj cXmXdXefj \dgfkiX[f #\cfkif[fid`kfi`f k`\e\g`jfj[\gXihl\kpd\[`f YXÂ&#x152;f#Zfe[fjg`\qXjjXe`kXi`Xj# cXmXdXefj\dgfkiX[fpZcfj\k [\dX[\iX2gXi\[\jZfe\eclZ`$ [fjc`jfj#kldYX[fj`eZc`eX[fj [\dX[\iXm`jkX2_XZ`XcXgXik\ gfjk\i`fi j\ \ok`\e[\ Zfe le _Xccp[fj[fid`kfi`fji\^lcXi\j Zfeg`jfj[\gXihl\kpZcfj\k [\dX[\iX#kldYX[fj`eZc`eX$ [fj[\dX[\iXm`jkXpleYXÂ&#x152;f ]Xd`c`XiZfek`eXp[fjg`\qXj jXe`kXi`Xj# cXmXdXefj \dgf$ kiX[f2Zfele}i\XXgifo`dX[X [\(*(#.'d% <ecXgXik\gfjk\i`fipX[fjX[X Xc c`e[\if efik\# j\ \eZl\ekiX leXZfejkilZZ`Â?e[\[fjgcXe$ kXj#hl\]fidXlejfcfZl\igf ZfecXgi`eZ`gXc#jl\jkilZkliX \j[\_fid`^Â?e#Zfe\eki\g`jf [\cfjXpZlY`\ikX`eZc`eX[X[\ \k\ie`kpkldYX[fj[\dX[\iX m`jkX#cXgcXekXYXaXZfe]fidX le ZlXikf [\ gcXeZ_X# Zfe g`jfj [\ Z\i}d`ZX# gXi\[\j Zfe\eclZ`[fjc`jfjpkldYX[fj Z_X]X[fj2leYXÂ&#x152;fZfeg`jfjp [lZ_Xi\m\jk`[fj[\Z\i}d`ZX# p [Xj g`\qXj jXe`kXi`Xj ),#)' d)%$ >iX[X [\ XZZ\jf X cX gcXekXXckX\e_fid`^Â?e#fYiX ^i`j2gcXekXXckXle[fid`kfi`f# Zfeg`jfj[\Z\d\ekf#gXi\[\j Zfe\eclZ`[fjc`jfjpkldYX[fj Z_X]X[fj#\ecfjX[\\eki\g`jf ),#)'d)%#jXcXZfd\[fipZfZ`$ eX#Zfeg`jfj[\Z\d\ekf#j`e XZXYX[fj#gXi\[\jZfe\eclZ`$ [fjc`jfjpkldYX[fj`eZc`eX[fj [\dX[\iXm`jkX)'#)'d)%#p le Xck`ccf [\jk`eX[f gXiX [fi$ d`kfi`f#Zfeg`jfj[\Z\d\ekf# gXi\[\j Zfe \eclZ`[fj c`jfj# ZlY`\ikX `eZc`eX[X [\ dX[\iX m`jkX# m\ekXeXj [\ Xcld`e`f p m`[i`f#Zfele}i\X[\(-#''d)2 }i\X[\jZi`kXj`eXZXYX[fjZfe$ ]fidXled`e`$[\gXikXd\ekf# j`eXZXYX[fj%$ <e cX \jhl`eX JlifZZ`[\ekXc [\c`edl\Yc\#j\\eZl\ekiXle gXk`f# p ]fidXe[f \jhl`eX le

Ä&#x2C6;

99HHZfed\jfe\j[\_fid`$ ^Â?e i\m\jk`[fj [\ ^i\j# gXi\$ [\ji\m\jk`[Xj#Zfeg`\[iXcXaX# ZlY`\ikX Zfe k\aX m`[i`X[X \e \jkilZkliX[\dX[\iX#Zfele }i\X[\,#,'d)%$ *%$8mXcÂ&#x2019;f%$ ;X[X cX lY`ZXZ`Â?e [\c `edl\$ Yc\#jl\jkX[f[\Zfej\imXZ`Â?e \j i\^lcXi# cXj ZXiXZk\iÂ&#x2C6;jk`ZXj [\jZi`kXj [\ ZX[X leX [\ cXj j\ZZ`fe\j#\cgi\Z`f[\d\iZX$ [fp[\Yfc\k`e\j[\cX:}dXiX [\cX:fejkilZZ`Â?e#j\mXcfiX[\ cXj`^l`\ek\dXe\iX1 K\ii\ef*''d)#XiXqÂ?e[\LJ; )''Z&d)#cfhl\[XlemXcfi kfkXc[\LJ;%-'%'''#''%$ >XiXa\j#Yf[\^XpYXÂ&#x152;f+'d)# XiXqÂ?e[\LJ;),'Z&d)#cf hl\[XlemXcfikfkXc[\LJ;% ('%'''#''%$ ?Xcc Xcld`e`f p m`[i`f *) d)# X iXqÂ?e [\ LJ; (,' Z&d)# cf hl\[XlemXcfikfkXc[\LJ;% +%/''#''%$ :XjX gi`eZ`gXc *',%'' d)# X iXqÂ?e[\LJ;+,'Z&d)#cfhl\ [XLJ;%(*.#),'#''%$ :XjX gfjk\i`fi /-#-' d)# X iXqÂ?e[\LJ;*,'Z&d)#cfhl\ [XLJ;%*'%*('#''%$ 99H#`ejkXcXZ`fe\jpgXk`f#mXcfi ^cfYXc[\LJ;%)%'''#''%$ 8M8CLFKFK8C;<C@EDL<9C< LJ;%)++%*-'#''%$ JFE1;FJ:@<EKFJ:L8I<EK8 P:L8KIF J<J<EK8 ''&('' ;äC8I<J 8D<I@:8EFJ% Cfhl\Zfdle`ZfXcgÂ&#x2019;Yc`Zf\e ^\e\iXc gXiX cfj ]`e\j c\^Xc\j Zfej`^l`\ek\j#\e\c[Â&#x2C6;Xp_fiX j\Â&#x152;XcX[f j\ i\Z`Y`i} f]\ikXj hl\ ZlYiXe gfi cf d\efj cXj [fjk\iZ\iXjgXik\j[\cXmXcÂ&#x2019;f XgifYX[f [\c Y`\e fYa\kf [\c i\dXk\ d\[`Xek\ Z_\hl\ Z\i$ k`]`ZX[fXcXfi[\e[\cAlq^X[f f \]\Zk`mf# X[alekXe[f \c [`\q gfi Z`\ekf [\c mXcfi f]i\Z`[f \e [`e\if \]\Zk`mf f Z_\hl\ Z\ik`]`ZX[f X efdYi\ [\ \jkX Al[`ZXkliX% ;I8% <C@Q89<K? :<;<zF DFI<@I8% J<:I<K8I@8 ;<C ALQ>8;F :L8IKF ;< CF :@M@C ;< G@:?@E:?8 ?Xplej\ccf 8%:%&/*+(0 ALQ>8;F:L8IKF;<CF :@M@C;<G@:?@E:?8 8M@JFAL;@:@8C;<I<D8K< J\_XZ\ZfefZ\iXcgÂ&#x2019;Yc`Zf\e ^\e\iXc# gXiX cfj ]`e\j [\ C\p Zfej`^l`\ek\j# hl\ gfi [`jgf$ j`Z`Â?e[\cj\Â&#x152;fiAl\q:lXikf[\ cf:`m`c[\G`Z_`eZ_X#[`ZkX[X\e cXZXljX[\<dYXi^fpI\dXk\ Ef% ()//$(00/# A%K%9%I% # \c [Â&#x2C6;Xhl\ZfekXi\dfjal\m\j(- [\=\Yi\if[\c)'()#[\j[\cXj ki\Z\_XjkXcXj[`\Z`j`\k\_fiXj# \e cX J\Zi\kXiÂ&#x2C6;X [\ \jk\ [\j$ gXZ_f#j\\]\ZklXi}\cI\dXk\ [\cY`\e`edl\Yc\\dYXi^X[f# ZlpXj ZXiXZk\iÂ&#x2C6;jk`ZXj j\ [\kX$ ccXeXZfek`elXZ`Â?e1 <c @edl\Yc\# j\ \eZl\ekiX Z`iZlejZi`gkf# [\ekif [\ cfj j`^l`\ek\j c`e[\ifj p [`d\e$ j`fe\j1 EFIK<1 :fe \c cfk\ :8D<$*# _fp gXik\ [\ J<:8G p :fej\af Gifm`eZ`Xc# IldYf Efik\-(f)'Ă&#x2039;<jk\#\e0+)#''d JLI1:fe\ccfk\[\J<>LE;F :?8E>F# _fp Gi\ XjfZ`XZ`Â?e ), [\ =\Yi\if1 ildYf Jli .)f +'Ă&#x2039; <jk\# \e (%'+-#'' d% <JK<1 :fe cX mÂ&#x2C6;X CX^f 8^i`f$ :fZX# ildYf ]`af \e *',#'' d% F<JK<1 :fe \c Fc\f[lZkf# ildYf]`af#\e(*'#''d% Cfk\ [\ k\ii\ef hl\ k`\e\ leX jlg\i]`Z`\ kfkXc [\ (/#-' _\Zk}i\Xj# [\ XZl\i[f Zfe \c Z\ik`]`ZX[f [\c I\^`jkif [\ cX Gifg`\[X[# \c d`jdf hl\ [`j$ gfe\# [\ leX mÂ&#x2C6;X Xj]XckX[X# p j\im`[f [\ \e\i^Â&#x2C6;X \cÂ&#x201E;Zki`ZX# gi\[`f[\kfgf^iX]Â&#x2C6;Xfe[lcX[X p\egXik\jk\ii\efgcXef#XjÂ&#x2C6; Zfdf kXdY`Â&#x201E;e \o`jk\e gXik\j gXekXefjXj% <e cX gXik\ ]ife$

Ĺ? Ĺ?

Ĺ? 


Ĺ? Ĺ?

Ĺ? 

 

  

Ä&#x2030;

g Ĺ? Ä&#x201A;Ä&#x2020;Ĺ?Ĺ?Ĺ?Ĺ?Ä&#x201A;Ä&#x20AC;Ä Ä&#x201A;

Ĺ?+.Ĺ? Ä&#x152;Ĺ?

kXc[\c`edl\Yc\XcX]\Z_Xj\ \eZl\ekiXe i\jkfj [\ dXk\$ i`Xc\j gÂ&#x201E;ki\fj# [\aX[fj gfi cX :FDG8z@8:FEJ<ID@E#Xek\$ i`fiXii\e[XkXi`X[\c`edl\Yc\% CXgXik\d\[`Xpgfjk\i`fi#j\ \eZl\ekiXZfem\^\kXZ`Â?eeXkl$ iXc[\cXqfeX% I\Xc`qX[X cX `em\jk`^XZ`Â?e [\ gi\Z`fj Zfd\iZ`Xc\j [\c j\Z$ kfi# Zfe cX ZfcXYfiXZ`Â?e [\c ;\gXikXd\ekf [\ 8mXcÂ&#x2019;fj [\c @% Dle`Z`g`f [\c :XekÂ?e CX^f 8^i`f#pZfe]fid\j\\eZl\ekiX fi[\eX[f#\c`edl\Yc\j\mXcfiX [\cXj`^l`\ek\dXe\iX1 Ă?i\X `ek\id\[`X p gfjk\i`fi# (,-%''' d) X iXqÂ?e [\ LJ; /#''Z&d)#Xgc`ZXe[f\c]XZkfi kXdXÂ&#x152;f '%. p ]XZkfi fYiXj [\ `e]iX\jkilZkliX# '#-# \jkX }i\X k`\e\ le mXcfi kfkXc [\ LJ; ,)+%(-'#''% KFK8C8M8CLFK@<II8JLJF -0)%(-'#'' <e\jk\`edl\Yc\j\\eZl\ekiXe cXj j`^l`\ek\j ZfejkilZZ`fe\j# cXjd`jdXjhl\j\\eZl\ekiXe \e \jkX[f [\ XYXe[fef# j`e dXek\e`d`\ekfp\e[\k\i`fif# Zlpf[\kXcc\j\[\jZi`Y\1 8%$>Xi`kX#Xc`e^i\jf[\c`edl\$ Yc\j\\eZl\ekiXZfejkil`[XleX ^Xi`kX\e\jkilZkliX[\_fid`$ ^Â?egXi\[\j\eclZ`[Xj#ZlY`\i$ kXj[\cfqXgl\ikXpm\ekXeXj [\Xcld`e`fpm`[i`f#Zfeg`jf [\ Z\d\ekf g`^d\ekX[f# Zfe le}i\X[\-#''d)#jl\jkX[f [\ Zfej\imXZ`Â?e \j i\^lcXi p j\mXcfiXXiXqÂ?eLJ;)''%'' Z&d)#cfhl\[XlemXcfikfkXc [\LJ;(%)''#''% 9%$8Zfek`elXZ`Â?ej\\eZl\ekiX leX ZfejkilZZ`Â?e hl\ _X j`[f lk`c`qX[XZfdff]`Z`eXj#p\ecX XZklXc`[X[#fZlgXeZfdfm`m`\e$ [X\cJ\Â&#x152;fi<[`jfeDlÂ&#x152;fqhl`\e dXe`]`\jkX j\i \c Zl`[X[fi [\ :FCC:FEJKIL::@FE<JJ%8% `dgX^f[\jlji\dle\iXZ`fe\j gfi)'d\j\j%CX\jkilZkliX[\ \jkXZfejkilZZ`Â?e\j_`\iifZfe gXi\[\j\eclZ`[Xj#ZlY`\ikX[\ Xi[\o \e \jkilZkliX d\k}c`ZX# Zfe]fidX/f]`Z`eXj#Zfeg`jfj [\ Z\i}d`ZX p kldYX[fj [\ dX[\iX ki`gc\j \e [\k\i`fif# * YXÂ&#x152;fj Zfe g`jfj p gXi\[\j X d\[`X XckliX i\m\jk`[fj [\ Z\i}d`ZX Zfe [fj jXe`kXi`fj YcXeZfj# jlj gl\ikXj jfe [\ dX[\iXgXe\cX[Xj#\c,'[\ cXjm\ekXeXjjfe[\Xcld`e`f# m`[i`f p dXccX p \c fkif ,' [\cXjm\ekXeXjjfe[\dX[\iX pm`[i`f#cXZfejkilZZ`Â?ek`\e\ le }i\X [\ ()'#'' d) p j\ \eZl\ekiX\ei\^lcXi\jkX[f[\ Zfej\imXZ`Â?ej`edXek\e`d`\e$ kf#iXqÂ?egficXZlXcj\mXcfiX XLJ;-'Z&d)#cfhl\[Xle mXcfikfkXc[\LJ;.%)''#'' :%$LeXZ`jk\ieXZfegXi\[\jp ZlY`\ikX[\_fid`^Â?eZfeZXgX$ Z`[X[[\XcdXZ\eXi)'d*[\ X^lX#hl\mXcfiX[fjXiXqÂ?e[\ LJ;(''Z&d#[XlemXcfikfkXc [\LJ;)%'''#'' ;%$Le^XcgÂ?eXY`\ikf\e\jkilZ$ kliX d\k}c`ZX Zfe ZlY`\ikX [\ [liXk\Z_fpg`jfj[\_fid`^Â?e# Zfele}i\X[\)+.#''d)#jl \jkX[f[\Zfej\imXZ`Â?e\jdXcf iXqÂ?e gfi cX ZlXc j\ mXcfiX X LJ;),#''Z&d)%Cfhl\[Xle mXcfikfkXc[\LJ;-%(.,#'' <%$ Fkif ^XcgÂ?e XY`\ikf \e \jkilZkliXd\k}c`ZXZfeZlY`\i$ kX [\ [liX k\Z_f p g`jfj [\ _fid`^Â?e#Zfe}i\X[\(.'#'' d)%$ jl \jkX[f [\ Zfej\imX$ Z`Â?e\jdXcfiXqÂ?egficXZlXc j\ mXcfiX X LJ; ), Z&d)% Cf hl\ [X le mXcfi kfkXc [\ LJ; +%),'#'' =%$ IXdgX gXiX d\Z}e`ZX# j`e \jkilZkliX d\k}c`ZX p j`e ZlY`\ikX# g`jfj [\ _fid`^Â?e# Zfele}i\X[\(('%''d)#Jl \jkX[f[\Zfej\imXZ`Â?e\jdXcf iXqÂ?e gfi cX ZlXc j\ mXcfiX X LJ; (' Z&d)% Cf hl\ [X le mXcfikfkXc[\LJ;(%(''#'' >#$>XcgÂ?e[\d\Z}e`ZXXY`\ikf jl \jkilZkliX \j [\ _`\iif# j\ _Xe ZfikX[f mXi`fj jfgfik\j

[\cX\jkilZkliX#Zfeg`jfj[\ _fid`^Â?epZlY`\ikX[\\k\ie`k# ZfeleXXÂ&#x201E;i\X[\(--#''d)j`e dXek\e`d`\ekfp\e[\k\i`fif# hl\mXcfiX[fjXiXqÂ?e[\LJ; *'#'' Z&d) hl\ [X le mXcfi LJ;+%0/'#'' ?%$ 9f[\^X# [\ i\gl\jkfj p dXk\i`Xc\j#jl\jkilZkliX\j[\ _`\iif# Zfe gXi\[\j \eclZ`[Xj g`jfj[\Z\d\ekfjZfeZlY`\ikX [\\k\ie`kpq`eZ\jkX\eZfd$ gc\kf [\k\i`fif# m\ekXeXj [\ dXccX[\XcXdYi\p_`\iifZfe gifk\Zkfi\jgl\ikXj[\dX[\iX# ZfeleXXÂ&#x201E;i\X[\*)'#''d)# \edXc\jkX[f[\Zfej\imXZ`Â?e j`e dXek\e`d`\ekf# iXqÂ?e gfi cXhl\j\mXcfiXXLJ;)'#'' Z&d)#cfhl\[XlemXcfikfkXc [\LJ;-%+''#''% @%$ LeX Yf[\^X hl\ Xek\i`fi$ d\ek\k\e`X\jkilZkliX[\klYfj ZfeZlY`\ikX[\\k\ie`kpg`jfj [\_fid`^Â?eZfeleXXÂ&#x201E;i\X[\ (*#'' d) \e cX XZklXc`[X[ _X j`[f[\iifZX[X% A%$ ;fj :XdgXd\ekfj [\ \jkilZkliX [\ klYfj ]fiiX[X ZfekXYcXX^cfd\iX[X#g`jfj[\ kXYcXj X^cfd\iX[Xj p i\m\jk`$ [Xj [\ m`epc Zfe ZlY`\ikX [\ [liX k\Z_f# kldYX[fj [\ ki`$ gc\j#ZfeleXXÂ&#x201E;i\X[\())#'' d)jl\jkX[f[\Zfej\imXZ`Â?e \jdXcf#\e\jkfj`edl\Yc\jj\ \eZl\ekiX _XY`kXe[f \c J\Â&#x152;fi Cl`j<ei`hl\9fiaXZfejl]Xd`$ c`X#j\mXcfiXXLJ;*'Z&d)# cfhl\[XlemXcfikfkXc[\LJ; *%--'#'' B%$9Xk\iÂ&#x2C6;XjXe`kXi`XpcXmXe[\$ iÂ&#x2C6;X#\e\jkilZkliXd\k}c`ZXZfe ZlY`\ikX[\[liXk\Z_fgXi\[\j [\ Ycfhl\ i\mfZX[f g`jfj [\ _fid`^Â?e# Zfe leX XÂ&#x201E;i\X [\ *+#'' d) jl \jkX[f [\ Zfe$ j\imXZ`Â?epdXek\e`d`\ekf\j dXcf# j\ mXcfiX X LJ; +'#'' Z&d)cfhl\[XlemXcfikfkXc [\LJ;(%*-'#'' 8M8 C L F  K F K 8 C :FEJKIL::@FE<J LJ; */%*),#'' 8M8CLFKFK8C;<C@EDL<9C< LJ;.*'%+/,#'' JFE2J<K<:@<EKFJKI<@EK8 D@C : L8K I F : @ < E KF J F:?<EK8 P :@E:F ''&('' ;FC8I<J8D<I@:8EFJ% Gfi kiXkXij\ [\c gi`d\i j\Â&#x152;X$ cXd`\ekf#kf[XgfjkliX[\Y\i} ZlYi`i gfi cf d\efj cXj [fj k\iZ\iXj gXik\j [\c XmXcÂ&#x2019;f giXZk`ZX[f% 8 ZX[X gfjkliX# [\Y\i} XZfdgXÂ&#x152;Xij\ \c [`\q gfiZ`\ekf[\cmXcfi[\cXf]\i$ kX#\e[`e\if\e\]\Zk`mff\e Z_\hl\ Z\ik`]`ZX[f X cX fi[\e [\\jkXAl[`ZXkliX%$ <c Y`\e `edl\Yc\ [\kXccX$ [f# j\ \eZl\ekiX X ZXi^f [\c CZ[f% IXd`if LccfX A`dÂ&#x201E;e\q# ;\gfj`kXi`f Al[`Z`Xc [\ JlZldYÂ&#x2C6;fj%$ Hl`kf# )' [\ [`Z`\dYi\[\c)'((% ;iX% <c`qXY\k_ :\[\Â&#x152;f Dfi\`iX% J<:I<K8I@8 ?Xplej\ccf 8%:%&/*+,+ 8M@JF;<I<D8K< J\ gfe\ \e ZfefZ`d`\ekf [\c gÂ&#x2019;Yc`Zf hl\ \c [Â&#x2C6;X d`Â&#x201E;iZfc\j '. [\ dXiqf [\c )'() [\j[\ cXj (*?'' _XjkX cXj (.?''# \e cXj f]`Z`eXj [\c Alq^X[f Dlck`Zfdg\k\ek\ [\ EXgf# j\ gifZ\[\i} Xc I<D8K< [\c Y`\e iXÂ&#x2C6;q \dYXi^X[f [\ekif [\ cX gi\j\ek\ ZXljX# d`jdf hl\\jk}`e[`m`[lXc`qX[f[\cX j`^l`\ek\dXe\iX1 AL@:@F <A<:LK@MF Ef /+$ )'('$J ; < K8 C C < #  L 9 @ :8: @ ä E # JLG<I=@:@<PC@E;<IFJ% <c`edl\Yc\j\\eZl\ekiXlY`ZX$ [f\ecXJ\^le[XLiYXe`qXZ`Â?e Dle`Z`gXc [\ cX gXiifhl`X [\ JXe=iXeZ`jZf[\9fiaX#ZXekÂ?e Hl`afj#gifm`eZ`X[\EXgf#Zfe cfjj`^l`\ek\jc`e[\ifj#\ok\e$ j`fe\jpZXY`[X% EFIK<$:fecXgifg`\[X[[\c

   Ĺ? 

j\Â&#x152;fiD`ckfeGÂ&#x201E;i\q JLI%$ :fe cX gifg`\[X[ [\c j\Â&#x152;fi AfjÂ&#x201E; <ei`hl\ D`e[X 8cYlaX <JK<%$ :fe cX gifg`\[X[ [\c j\Â&#x152;fi8c\aXe[ifG`ccf2p# F<JK<%$ Zfe cX :Xcc\ IÂ&#x2C6;f JldXZf% :feleXZXY`[X[\+,'%D\kifj ZlX[iX[fj% @ejkXcXZ`fe\jpj\im`Z`fj ($:XcqX[X[\X[fhl`e\j )%8Z\iXjpYfi[`ccXj *%$8cZXekXi`ccX[f +%8^lX ,%<e\i^Â&#x2C6;X\cÂ&#x201E;Zki`ZX -%:fdle`ZXZ`Â?e <c XmXcÂ&#x2019;f kfkXc [\c k\ii\ef \j [\1;F:<D@C:@<EKFKI<:< ;äC8I<J :FE :L8I<EK8 P :@E:F :<EK8MFJ ()%((*#+, ;äC8I<J  Efj\X[d`k`i}egfjkliXjhl\ ef mXpXe XZfdgXÂ&#x152;X[Xj# gfi cf d\efj [\c [`\q gfi Z`\ekf [\c mXcfi kfkXc [\ cX f]\ikX# \c hl\ j\ Zfej`^eXi} \e [`e\if \e\]\Zk`mff\eZ_\hl\Z\ik`$ ]`ZX[fgfi\c9XeZfXcXfi[\e [\c Al\q Dlck`Zfdg\k\ek\ [\ EXgf$9X\qX% <c i\dXk\ j\ cf _Xi} Zfdf Zl\igfZ`\ikf#[\Zfe]fid`[X[ Zfecf[`jgl\jkf\e\c8ik%(..* [\c:Â?[`^f:`m`c%Cfj^Xjkfj[\ kiXej]\i\eZ`X[\[fd`e`fj\i}e [\ Zl\ekX [\c X[al[`ZXkXi`f X \oZ\gZ`Â?e[\Xhl\ccfjhl\gfi dXe[Xkf [\ cX c\p [\Y\e j\i ZlY`\ikfjgfi\cgifg`\kXi`f[\c `edl\Yc\% DXpfi`e]fidXZ`Â?eXck\cÂ&#x201E;]fef '-)$*)'(-) GXik`ZlcXi hl\ gfe^f \e jl ZfefZ`d`\ekf gXiX cfj ]`e\j c\^Xc\j% 9X\qX#\e\if'0[\c)'()% ;iX%DXi`XJl}i\qA`dÂ&#x201E;e\q J<:I<K8I@8 ;<C ALQ>8;F DLCK@:FDG<K<EK< ;< E8GF% 8%:%&/*-,* 8M@JF;<I<D8K< ALQ>8;FJ<OKF;<CF:@M@C ;<G@:?@E:?8 J\ gfe\ \e ZfefZ`d`\ekf [\c gÂ&#x2019;Yc`Zf \e ^\e\iXc hl\ \e cX J\Zi\kXiÂ&#x2C6;X [\ \jk\ Alq^X[f [\j[\ cXj (*_'' _XjkX cXj (._''[\c[Â&#x2C6;X0[\]\Yi\if[\c )'()#j\mXXcc\mXiXZXYf\c i\dXk\[\cj`^l`\ek\m\_Â&#x2C6;Zlcf% <dYXi^f p I\dXk\ Ef% (+)0$ )''/$@>D$ -%$ :8 I8:K < I @ JK @ :8J D<:8E@:8J ; < C 8LKFDFKFI -%( GcXZXj$ J@E GC8:8J# E@ 8EK<I@FI#E@GFJK<I@FI -%)DXiZX$?PLE;8@ -%*:fcfiĂ&#x2020;8QLC -%,:cXj\Ă&#x2020;8LKFDFM@C -%-8Â&#x152;f[\]XYi`ZXZ`Â?e)''-% -%.Dfkfi>+>9-,)((),'[\c \og\[`\ek\ -%/ :_Xj`j Ă&#x2020; BD?GE/(;G-L)-.'(.%  : 8 I 8: K < I Ă  JK @ : 8 J <OK<IE8J ; < C 8LKFDFKFI% .%($<cZfcfi[\cm\_Â&#x2C6;Zlcf\jkXYX \eYl\e\jkX[f% .%) $ K\eÂ&#x2C6;X cfj ZlXkif e\l$ d}k`Zfj Zfdgc\kfj# \e Yl\e \jkX[f% .%*Kf[fjcfj\jg\afj#i\kifm`jf$ i\j#\jkXYXe\eYl\e\jkX[f% .%+%<cj`jk\dX[\clZ\j#Xek\$ i`fi#pgfjk\i`fi#\jkXYX\eYl\e \jkX[f .%,% Cfj m`[i`fj \jkXYXe \e Yl\e \jkX[f# p \iXe kiXjgX$ i\ek\j% GXiXYi`jXj# gcldXj# p Z\iiX[liXjgl\ikXji\kifm`jfi\j \jg\afj\eYl\e\jkX[f% .%-%CXjcXkXj\jkXYXe\eYl\e \jkX[f% /% : 8 I 8: K < I Ă  JK @ : 8 J @EK<IE8J# ;<EKIF ;< C8 :89@E8% /%(<jkf\j%<ckXYc\if[\dXe\af \jkXYX\eYl\e\jkX[f% /%)CfjXj`\ekfjj\dXek\eÂ&#x2C6;Xe \eYl\e\jkX[f% 0%8E<OFJ 0%(%F:?FĂ&#x2020;/Ă&#x2020;]fkf^iX]Â&#x2C6;Xj ('%:FE:CLJ@FE<J% <c m\_Â&#x2C6;Zlcf# ef k\eÂ&#x2C6;X cXj [fj gcXZXj1 8ek\i`fi# e` gfjk\i`fi# cX g`ekliX [\c Xlkfdfkfi j\ \eZfekiXYX \e Yl\e \jkX[f2 cXj clZ\j# Xek\i`fi\j# p gfjk\$ i`fi\j# \jkXYXe \e Yl\e \jkX$ [f#cfje\ld}k`Zfj#\jkXYXe\e Yl\e\jkX[f%Kf[fjcfjm`[i`fj# gXiXYi`jXj# gl\ikXj gcldXj#

DeXWijWYedWbYWdpWhbWiWX_ZkhÂ&#x2021;W" [id[Y[iWh_eiWX[hkj_b_pWhbW$ 9 ? 9 ; H â D " C 7 H 9 E  J K B ? E 

Z\iiX[liXj\eYl\e\jkX[f% ;\ekif[\cXZXY`eXcfjXj`\e$ kfj# \c kXYc\if [\ Zfekifc j\ \eZfekiXYXe \e Yl\e \jkX[f% Ă&#x2C6;Gi}Zk`ZXd\ek\ \c Xlkfdfkfi j\\eZfekiXYX\eYl\eXjZfe$ [`Z`fe\jĂ&#x2030;CXYXk\iÂ&#x2C6;XYXaX#gfi cf hl\ ef j\ gifZ\[`Â? _XZ\i ]leZ`feXi%% ;i%?ldY\ikf8cYXeG`ekf 89F>8;F/*'* ((% ;< 8:L<I;F 8C I<:FEF:@D@<EKF# P CF @EM<JK@>8;F# I<=<I<EK< 8 C8 G<I@K8:@äE# <E <C 8LKFDFKFI#P<E<C<JK8;F <E HL< J< <E:L<EKI8 <C M<?@:LCF% J< :FEMF:8 <C 8M8CLF# Ă&#x2C6;<E 1  ()%'''#''  ;F:< D@C ;äC8I<J# ;< EFIK< 8DyI@:8%Ă&#x2030; <cI\dXk\k\e[i}ZfdfYXj\cXj [fjk\iZ\iXjgXik\j[\cXmXcÂ&#x2019;f gfik\e\i\cZXi}Zk\i[\gi`d\i j\Â&#x152;XcXd`\ekf#pefj\X[d`k`i}e gfjkliXj hl\ ef mXpXe XZfd$ gXÂ&#x152;X[Xjgficfd\efj[\c(' [\c mXcfi kfkXc [\ cX f]\ikX# \c hl\j\Zfej`^eXi}\e\]\Zk`mf fZ_\hl\Z\ik`]`ZX[fXefdYi\ [\cAlq^X[f% ;I% <;N@E :<M8CCFJ 8DGL;@8% J<:I<K8I@F ?Xp]`idXpj\ccf 8:&/*/('&k] I%<% ALQ>8;F;<:@DFJ<>LE;F ;<CF:@M@C;<G@:?@E:?8 :@K8:@äEAL;@:@8C 81 JI% IF9<IK ;L9<IC@ <J:F98ID<C<E;<Q AL@:@F1 <JG<:@8C <D98I>F

PI<D8K<EIF%.'.$)''.$JG 8:KFI 98E:F 8D8QFE8J J%8%G%A%;I%;@8Q<EI@HL<Q G89CFI<E<  ;<D8E;8;F1 JI% IF9<IK ;L9<IC@ < J : F 9 8 I D<C<E;<Q :L8EK@8*'%'''#ff KI8D@K<<JG<:@8C<D98I>F PI<D8K< @E@:@8;F(-;<8>FJKF;<C )''. F9A<KF% <D98I>F P I<D8K< GIFM@;<E:@8 ALQ>8;F;<:@DFJ<>LE;F ;<CF:@M@C;<G@:?@E:?8%$ Hl`kf# (- [\ X^fjkf [\c )''.# cXj ((_*-%$ M@JKFJ1 <e m`ikl[ [\cjfik\f[\C\phl\Xek\Z\$ [\2 p# \e d` ZXc`[X[ [\ Al\q k`klcXi [\c [\jgXZ_f XmfZf ZfefZ`d`\ekf [\ cX gi\j\ek\ ZXljX% CX [\dXe[X gi\j\ekX$ [Xgfi\cj\Â&#x152;fi:Xicfj?\ie}e Dfjhl\iXG\jXek\j#\eZXc`[X[ [\ Gi\j`[\ek\ <a\Zlk`mf [\c 9XeZf8dXqfeXjJ%8%Zfe]fi$ d\ \c [fZld\ekf _XY`c`kXek\ hl\dXe[fj\`eZfigfi\Xcfj Xlkfj#\jZcXiX#gi\Z`jXpi\Â&#x2019;e\ cfji\hl`j`kfjc\^Xc\j%<eZfe$ j\Zl\eZ`Xj\XZ\gkXXcki}d`k\ \jg\Z`Xcg\ik`e\ek\%J\[`jgfe\ \c<dYXi^fpgfjk\i`fim\ekX\e gÂ&#x2019;Yc`Zf I\dXk\ gi\m`f XmXcÂ&#x2019;f [\c Y`\e dXk\i`X [\c ZfekiXkf [\ ZfdgiXm\ekX Zfe i\j\imX [\ [fd`e`f# hl\ kXdY`Â&#x201E;e j\ [`jgfe\ X^i\^Xi X cfj Xlkfj Zfej`jk\ek\ \e \c M<?@:LCF D8I:8JJ8E>PFE>DF;<CF BPIFED)''O;@DK#:FCFI GC8K8# K@GF A<<G# DFKFI EIF% --+0,'(','*.), Ef [\ : ? 8 J @ J

BGKJ'8(BJ-G'(-*+*# 8zF )''-#gXiXcXgi}Zk`ZX[\\jkX [`c`^\eZ`X j\ ZfekXi} Zfe le 8c^lXZ`XcDXpfip;\gfj`kXi`f [\ cX ]leZ`Â?e Al[`Z`Xc% ?\Z_f hl\ j\X ZÂ&#x2C6;k\j\ Xc [\dXe[X$ [f j\Â&#x152;fi IF9<IK ;L9<IC@ <J:F98I D<C<E;<Q# \e cX [`i\ZZ`Â?ehl\j\`e[`ZX#[\Y`\e$ [f gXiX \c \]\Zkf i\d`k`i Zfe jl]`Z`\ek\ [\jgXZ_f Zfd`j`Â?e Xcj\Â&#x152;fiK\e`\ek\GfcÂ&#x2C6;k`Zf[\cX GXiifhl`X[\:ldYXp}#:XekÂ?e Hl`kf#Gifm`eZ`X[\G`Z_`eZ_X% KÂ?d\j\ efkX [\c ZXj`cc\if Al[`Z`Xcj\Â&#x152;XcX[fgfi\cXZkfi gXiX jlj efk`]`ZXZ`fe\j p cX Xlkfi`qXZ`Â?ehl\[XXjlXYf$ ^X[f[\]\ejfi%$EFK@=@HL<J<% = %$;I%:8ICFJ=<IE8E;<Q @;IFMF%$ AL<Q ;<:@DF J<>LE;F ;< CF :@M@C ;< G@:?@E:?8% ALQ>8;F;<:@DFJ<>LE;F ;< CF :@M@C ;< G@:?@E:?8% Hl`kf#al\m\j(.[\efm`\dYi\ [\c )'((# cXj (+_,)%$ LeX m\q hl\ \c XZkfi _X [X[f Zld$ gc`d`\ekf X cf [`jgl\jkf \e gifm`[\eZ`X Xek\i`fi# Zfe]fi$ d\cf[`jgl\jkf\e\c8ik%/) [\c :Â?[`^f [\ GifZ\[`d`\ekf :`m`c# j\ Z`k\ gfi d\[`f [\ cX gi\ejX\elef[\cfj[`Xi`fj[\ dXpfi Z`iZlcXZ`Â?e eXZ`feXc Xc j\Â&#x152;fi IfY\ik ;lY\ic` <jZfYXi D\cÂ&#x201E;e[\q#gXiX\jk\\]\Zkfgfi J\Zi\kXiÂ&#x2C6;XZfe]`Â&#x201E;iXj\\c\okiXZ$ kf g\ik`e\ek\% EFK@=@HL<J<%$ = %$;I%:8ICFJ=<IE8E;<Q @;IFMF%$ AL<Q ;<:@DF J<>LE;F ;< CF :@M@C ;< G@:?@E:?8% Cfhl\cc\mfXjlZfefZ`d`\ekf gXiXcfj]`e\j[\C\p#gi\m`e`Â&#x201E;e$ [fc\j[\cXfYc`^XZ`Â?ehl\k`\e\ [\ j\Â&#x152;XcXi ZXj`cc\if al[`Z`Xc gXiX jlj gfjk\i`fi\j efk`]`ZX$ Z`fe\j%$Hl`kf#)([\;`Z`\dYi\ [\c)'((%$:\ik`]`Zf%$ ;I% =<IE8E;F E8I8EAF =8:KFJ% J<:I<K8I@F ;<C ALQ>8;F ;<:@DF J<>LE;F ;< CF :@M@C;<G@:?@E:?8 ?Xp]`idXpj\ccf 8:&/*/)*&k]

8M@JF;<I<D8K< 8CGè9C@:F<E><E<I8C1 J\ gfe\ \e ZfefZ`d`\ekf [\c gÂ&#x2019;Yc`Zf \e ^\e\iXc hl\ \c [Â&#x2C6;X al\m\j m\`ek\ p ki\j [\ ]\Yi\$ if[\c[fjd`cfeZ\#[\j[\cXj ZXkfiZ\ _XjkX cXj [`\Z`fZ_f _fiXj# k\e[i} cl^Xi \c i\dXk\ [\Y`\e`edl\Yc\ZlpXjZXiXZ$ k\iÂ&#x2C6;jk`ZXj j\ [\kXccXe X Zfek`$ elXZ`Â?e#\ecXJ\Zi\kXiÂ&#x2C6;X[\c Alq^X[f;Â&#x201E;Z`df:lXikf[\cf :`m`c [\ G`Z_`eZ_X# lY`ZX[f \e \c k\iZ\i g`jf [\c 9XeZf [\cG`Z_`eZ_X[\cXZ`l[X[[\ :XpXdY\% L9@:8:@äE;<C@EDL<9C<1 Gifm`eZ`X1G`Z_`eZ_X :XekÂ?e1:XpXdY\ GXiifhl`X1:XpXdY\ :Xcc\1AlXeDfekXcmf\eki\0[\ FZklYi\p)+[\DXpf C@E;<IFJ><E<I8C<J1 EFIK<1cfe^`kl[[\))d\kifj Zfe('Zd%:fegifg`\[X[[\ Cl`jDXikÂ&#x2C6;e\q% JLI1  Cfe^`kl[ [\ )) d\kifj Zfe('Zd%:fegifg`\[X[[\ >\iXi[fDfekÂ&#x2019;]Xi% <JK<1  cfe^`kl[ [\ 0 d\kifj Zfe()Zd%:fegifg`\[X[[\ FjnXc[fI`mX[\e\`iX% F<JK<1cfe^`kl[[\0d\kifj% :feZXcc\AlXeDfekXcmf% JLG<I=@:@<KFK8C1)''%)) d\kifjZlX[iX[fj 8JG<:KF=Ă J@:F1 <ccfk\[\k\ii\efk`\e\]fidX i\ZkXe^lcXi# [\ kfgf^iX]Â&#x2C6;X gcXeX#\jlegi\[`fd\[`Xe\if# \j[\Z`ij\\eZl\ekiXlY`ZX[f \eki\fkifjcfk\j#j\\eZl\ekiX lY`ZX[f\elej\Zkfii\j`[\e$ Z`Xc Zfe mÂ&#x2C6;Xj [\ XZZ\jf gXm`$ d\ekX[Xj#[`jgfe\[\\e\i^Â&#x2C6;X \cÂ&#x201E;Zki`ZX#[\XcldYiX[fgÂ&#x2019;Yc`$ Zf#[`jgfe\[\i\[\j[\X^lX gfkXYc\pXcZXekXi`ccX[f#i\[\j k\c\]Â?e`ZXj# XZ\iXj Yfi[`ccfj# [`jgfe\[\cÂ&#x2C6;e\Xj[\kiXejgfik\ gÂ&#x2019;Yc`Zf#j\\eZl\ekiX[\c`d`kX$ [f Zfe Z\iiXd`\ekf [\]`e`k`mf [\Ycfhl\p&fcX[i`ccf% :FEJKIL::@äE1 <e \c cfk\ [\ k\ii\ef \o`jk\ leX ZfejkilZZ`Â?e [\ le ^Xc$ gÂ?ek`gfeXm\`e[ljki`Xchl\j\ lk`c`qXgXiXkXcc\i[\d\Z}e`ZX

[\ Z\iiXa\iÂ&#x2C6;X p gi\Z`j`Â?e p le XcdXZÂ&#x201E;e [\ i\gl\jkfj p f]`Z`$ eX \e Zfe[`Z`fe\j [\ dXek\$ e`d`\ekfi\^lcXi%CXgifg`\[X[ [`jgfe\[\dXdgXiXj[\m`[i`f \e cX gXik\ Zfii\jgfe[`\ek\ X f]`Z`eXj#gl\ikXj[\d\kXc\e\c XZZ\jfXcXd\Z}e`ZX%Cfjg`jfj jfe [\ Z\d\ekf# ZlY`\ikX [\ gcXeZ_Xj[\q`eZd\k}c`ZXj#ef [`jgfe\[\kldYX[f\e\ckXcc\i% CXeXm\k`gf^XcgÂ?ej\Xj`\ekX jfYi\YXj\j[\dX[\iX% 8M8CèFKFK8C1 <c XmXcÂ&#x2019;f [\c cfk\ [\ k\ii\ef p ZfejkilZZ`Â?e \j [\ M<@EK< P ;FJ D@C F:?F:@<EKFJ M<@EK< P LE ;äC8I<J 8D<I@:8EFJ :FE J<J<EK8 :<EK8MFJ))%/)(#-' J\XZ\gkXi}egfjkliXjXgXik`i [\Xhl\ccXjhl\ZlYiXecXj[fj k\iZ\iXjgXik\j[\cXmXcÂ&#x2019;fkfkXc XgifYX[fgfikiXkXij\[\cgi`$ d\ij\Â&#x152;XcXd`\ekf#cXjd`jdXj hl\ j\ gi\j\ekXi}e \e jfYi\ Z\iiX[f p X[alekXe[f \c [`\q gfiZ`\ekf% 9I8LC@FGyI<QG<z8=@<C J<:I<K8I@F;y:@DF:L8IKF ;<CF:@M@C;<G@:?@E:?8 ?Xp]`idXpj\ccf 8[&)+)'*&X`

M8I@FJ I%;<C<% ALQ>8;FJ<>LE;F;<CF :@M@C;<G@:?@E:?8 :@K8:@äEAL;@:@8C :@K8:@äE AL;@:@8C 8 :yC@DF 8C:@;<J D8;I@; IFEHL@CCF 8:KFI1 C@;@8 IF:@F G8II8 GIF8zF AL@:@FEf%+.+$)'(($DC8 KI8D@K<1M<I98CJLD8I@F ; < D 8 E ;8 ; F 1  : y C @ D F 8C:@;<J D 8 ; I @ ; IFEHL@CCF :L8EK@81@E;<K<ID@E8;8 ALQ>8;F J<>LE;F ;< CF :@M@C ;< G@:?@E:?8%$ Hl`kf# m`\ie\j )* [\ j\gk`\dYi\ [\c )'((# cXj '/_,/%$ M@JKFJ%$ 8mfZfZfefZ`d`\ekf[\cXgi\$ j\ek\ZXljX\eZXc`[X[[\Al\q

REPUBLICA DEL ECUADOR SUPERINTENDENCIA DE COMPAĂ&#x2018;IAS

EXTRACTO

CONVOCATORIA

CONSTITUCIĂ&#x201C;N DE LA COMPAĂ&#x2018;Ă?A SERVICIOS JURIDICOS ESPECIALIZADOS ESPJUR CIA. LTDA. La compaùía SERVICIOS JURIDICOS ESPECIALIZADOS ESPJUR CIA. LTDA. se constituyĂł por escritura pĂşblica otorgada ante el Notario TrigĂŠsimo SĂŠptimo del Distrito Metropolitano de Quito, el 11/enero/2012, fue aprobada por la Superintendencia de Compaùías, mediante ResoluciĂłn SC.IJ.DJC.Q.12.000344 de 23/enero/2012. 1.- DOMICILIO: Distrito Metropolitano de Quito, provincia de Pichincha. 2.- CAPITAL: Suscrito US$ 400,00 NĂşmero de Participaciones 400 Valor US$ 1,00 3.- OBJETO: El objeto de la compaùía es: ...UNO..- LA REALIZACIĂ&#x201C;N DE ACTIVIDADES DE ASESORĂ?A JURĂ?DICA, LEGAL, JUDICIAL, ADMINISTRATIVALEGAL, JUDICIAL, DE SOLUCIĂ&#x201C;N ALTERNATIVA DE CONFLICTOS, DE PREVENCIĂ&#x201C;N LEGAL, DE PLANEACIĂ&#x201C;N LEGAL Y JURĂ?DICA, Y EN TODOS LOS CAMPOS Y Ă MBITOS DEL DERECHO,....

A JUNTA GENERAL EXTRAORDINARIA DE ACCIONISTAS DE LA COMPAĂ&#x2018;Ă?A â&#x20AC;&#x153;REPARTOS ALIMENTICIOS REPARTI S.A.â&#x20AC;? En cumplimiento de la disposiciĂłn prevista en el artĂ­culo 235 de la Ley de Compaùías Codificada y la contemplada en el artĂ­culo dĂŠcimo octavo del estatuto social vigente, se convoca a los seĂąores Accionistas de la Compaùía â&#x20AC;&#x153;REPARTOS ALIMENTICIOS REPARTI S.A.â&#x20AC;? a la sesiĂłn de Junta General Extraordinaria que se realizarĂĄ el dĂ­a jueves 2 de Febrero del 2012 a las 10h00 en el local social de la empresa, ubicado en la Calle Otoya Ă&#x2018;an S38-76 y Guayanay Ă&#x2018;an de esta ciudad de Quito, Distrito Metropolitano, con el objeto de conocer y resolver sobre los puntos que constan en el siguiente orden del dĂ­a: 1. 2. 3.

Nombramiento del Gerente General DesignaciĂłn del Directorio. PresentaciĂłn y AprobaciĂłn del presupuesto del aĂąo 2012. Atentamente, Fernando SĂĄnchez Campos GERENTE GENERAL

Quito, 23/enero/2012 Dr. Oswaldo Noboa LeĂłn DIRECTOR JURĂ?DICO DE COMPAĂ&#x2018;Ă?AS AR/85211/cc

Quito Distrito Metropolitano, a 25 de Enero de 2012 AR/17989/cc


\eZXi^X[f[\cAlq^X[fJ\^le[f [\cf:`m`c[\G`Z_`eZ_X\em`i$ kl[[\cf]`Z`fEf%(*'/$;G$;GG# [\]\Z_X.[\Alc`f[\c)'('%$<e cf gi`eZ`gXc# cX [\dXe[X hl\ Xek\Z\[\ \j ZcXiX# gi\Z`jX p i\Â&#x2019;e\cfj[\d}ji\hl`j`kfj[\ ]fidX\o`^`[fj\ecXc\p%$;\j\ \c ki}d`k\ m\iYXc jldXi`f [\ Zfe]fid`[X[ Zfe cf [`jgl\jkf \e cfj 8ikj% /)/ p j`^l`\ek\j [\c :Â?[`^f [\ GifZ\[`d`\ekf :`m`c%$ :Â&#x2C6;k\j\ Xc [\dXe[X[f :<C@DF 8C:@;<J D8;I@; IFEHL@CCF# [\ Zfe]fid`[X[ Zfecf\jkXYc\Z`[f\e\c8ik%/) [\c :Â?[`^f [\ GifZ\[`d`\ekf :`m`cpaliXd\ekfi\e[`[f#gficX gi\ejX\elef[\cfj[`Xi`fj[\ dXpfiZ`iZlcXZ`Â?ehl\j\\[`kX \e \jkX Z`l[X[# d\[`Xe[f \c kÂ&#x201E;id`ef[\ZlXe[fd\efjfZ_f [Â&#x2C6;Xj\eki\leXpfkiXglYc`ZX$ Z`Â?e%$ KÂ&#x201E;e^Xj\ \e Zl\ekX \c ZXj`cc\if al[`Z`Xc [\j`^eX[f%$ 8^iÂ&#x201E;^l\j\\c\jZi`kfpcX[fZl$ d\ekXZ`Â?eX[alekX%$:Ă K<J<P EFK@=Ă HL<J<%$ ;I% =89I@:@F J<>FM@8 9<K8E:FLIK AL<Q<E:8I>8;F

Gi\m`e`\e[fc\[\cXfYc`^XZ`Â?e hl\k`\e\[\j\Â&#x152;XcXi[fd`Z`c`f al[`Z`Xc gXiX gfjk\i`fi\j efk`$ ]`ZXZ`fe\j \e \jkX al[`ZXkliX% :<IK@=@:F% ;I%AL8E>8CC8I;F J<:I<K8I@F ?Xp]`idXpj\ccf 8:&/)/-'&k] ALQ>8;FM@><J@DF K<I:<IF;<CF:@M@C;< G@:?@E:?8 :@K8:@FEAL;@:@8C D8I@8 K<I<J8 ;< A<JèJ GyI<Q 8:KFI1K<F;FIF9<EA8DĂ E DFEK8CMFK8G@8 ;<D8E;8;81D8I@8K<I<J8 ;<A<JèJGyI<Q AL@:@F1M<I98CJLD8I@FEf (+/'$)%'((8Y^%I%9iXmf :8J@CC<IF AL;@:@8C Ef ,(+, =LE;8D<EKF C<>8C1 8IK% (('ELD<I8C((;<C:F;@>F :@M@C 89F>8;F1BC<M<IHL@E8KF8 D% :L8EK@8%@E;<K<ID@E8;8 GIFM@;<E:@81 8LKF ;<

:8C@=@:8:@FE ALQ>8;FM@><J@DFK<I:<IF ;< CF :@M@C ;< G@:?@E:?8% Hl`kf#d`Â&#x201E;iZfc\j)/[\[`Z`\d$ Yi\ [\c )'((# cXj '/_(-%$ M@JKFJ%$ 8mfZf ZfefZ`d`\ekf [\cXgi\j\ek\ZXljX\em`ikl[ [\cjfik\fi\Xc`qX[f%GfiZlXe$ kf \c XZkfi j\Â&#x152;fi1 DFEK8zF K8G@8 K<F;FIF 9<EA8DĂ E# _X[X[fZldgc`d`\ekfXcffi[\$ eX[f\egifm`[\eZ`XXek\i`fi#cX [\dXe[Xhl\Xek\Z\[\\jZcXiX pi\Â&#x2019;e\cfji\hl`j`kfj[\c\p#gfi cf hl\ j\ cX X[d`k\ X ki}d`k\ \e al`Z`f m\iYXc jldXi`f2 gfi kXekf \e d\i`kf Xc aliXd\ekf i\e[`[f gfi \c XZZ`feXek\# p [\ Zfe]fid`[X[ Zfe \c Zfek\$ e`[f[\c8ik%/)[\c:Â?[`^f[\ GifZ\[`d`\ekf:`m`c:@K<J<#X cX[\dXe[X[X2D8IĂ 8K<I<J8 ;<A<JLJGyI<Q#\ecX]fidX jfc`Z`kX[Xd\[`Xek\ki\jglYc`$ ZXZ`fe\jgficXgi\ejX\elef [\ cfj g\i`Â?[`Zfj [\ dXpfi Z`iZlcXZ`Â?ehl\j\\[`kXe\ecX Z`l[X[[\Hl`kf%$8^iÂ&#x201E;^l\j\Xc gifZ\jfcX[fZld\ekXZ`Â?ehl\ j\X[alekX%$KÂ&#x201E;e^Xj\\eZl\e$ kX\cZXj`cc\ifal[`Z`Xcj\Â&#x152;XcX[f

REPUBLICA DEL ECUADOR SUPERINTENDENCIA DE COMPAĂ&#x2018;IAS

EXTRACTO DE LA ESCRITURA PĂ&#x161;BLICA DE CAMBIO DE NOMBRE DE EVENTOS Y DEPORTES EVEDEP S.A. POR EL DE AUTOMOTORES Y REPUESTOS ITALCAR S.A. Y REFORMA DE ESTATUTOS. 1. ANTECEDENTES.- EVENTOS Y DEPORTES EVEDEP S.A. se constituyĂł como MULTIFOOD S.A. mediante escritura pĂşblica otorgada ante el Notario VigĂŠsimo Octavo del Distrito Metropolitano de Quito, el 28/5/1997, aprobada mediante ResoluciĂłn No. 1353 de 09/06/1997, e inscrita en el Registro Mercantil del Distrito Metropolitano de Quito el 20/6/1997. 2. CELEBRACIĂ&#x201C;N Y APROBACIĂ&#x201C;N.- La escritura pĂşblica de cambio de nombre de EVENTOS Y DEPORTES EVEDEP S.A. por el de AUTOMOTORES Y REPUESTOS ITALCAR S.A. y reforma de estatutos otorgada el 29 de diciembre de 2011 ante el Notario Quinto del Distrito Metropolitano de Quito, actos societarios aprobados por la Superintendencia de Compaùías, mediante ResoluciĂłn No. SC.IJ.DJC.Q.12.000226 de 17 de enero de 2012. 3.- OTORGANTE.- Comparece al otorgamiento de la escritura pĂşblica antes mencionada, el SeĂąor ACOSTA ESPINOSA JAIME JOSE en su calidad de gerente general de la compaùía, de estado civil casado, de nacionalidad ecuatoriana y domiciliado en el Distrito Metropolitano de Quito. 4. CAMBIO DE NOMBRE, REFORMA DE ESTATUTOS Y PUBLICACIĂ&#x201C;N.La Superintendencia de Compaùías mediante ResoluciĂłn No. SC.IJ.DJC. Q.12.000226 de 17 de enero de 2012 aprobĂł el cambio de nombre de EVENTOS Y DEPORTES EVEDEP S.A. por el de AUTOMOTORES Y REPUESTOS ITALCAR S.A., la reforma los estatutos y ordenĂł la publicaciĂłn del extracto de la referida escritura pĂşblica, por tres dĂ­as consecutivos, para efectos de oposiciĂłn de terceros respecto al cambio de nombre referido, seĂąalado en el Art. 33 de la Ley de Compaùías y Reglamento de OposiciĂłn, como acto previo a su inscripciĂłn. 5. AVISO PARA OPOSICIĂ&#x201C;N.- Se pone en conocimiento del pĂşblico el cambio de nombre de EVENTOS Y DEPORTES EVEDEP S.A. por el de AUTOMOTORES Y REPUESTOS ITALCAR S.A. a fin de que quienes se creyeren con derecho a oponerse a su inscripciĂłn puedan presentar su peticiĂłn ante uno de los Jueces de lo Civil del domicilio principal de la compaùía, dentro de los seis dĂ­as contados desde la fecha de la Ăşltima publicaciĂłn de este extracto y ademĂĄs, pongan el particular en conocimiento de la Superintendencia de Compaùías. El Juez que reciba la oposiciĂłn o el accionante, notificarĂĄ o comunicarĂĄ segĂşn el caso, a esta Superintendencia, dentro del tĂŠrmino de dos dĂ­as siguientes a partir de dicha recepciĂłn juntamente con el escrito de oposiciĂłn y providencia recaĂ­da sobre ella. Si no hubiere oposiciĂłn o no fuere notificada esta InstituciĂłn en la forma antes indicada, se procederĂĄ a la inscripciĂłn de la referida escritura pĂşblica de la mencionada compaùía y al cumplimiento de los demĂĄs requisitos legales. En virtud de la presente escritura pĂşblica la compaùía reforma los artĂ­culos primero y cuarto del estatuto. "ARTĂ?CULO PRIMERO.- DENOMINACIĂ&#x201C;N.- La denominaciĂłn de la sociedad anĂłnima es AUTOMOTORES Y REPUESTOS ITALCAR S.A." "ARTĂ?CULO CUARTO.- OBJETO.- El objeto social de la compaùía es: a) El establecimiento, administraciĂłn y control de talleres de servicios automotrices; b) La reconstrucciĂłn, reparaciĂłn, restauraciĂłn y reacondicionamiento de vehĂ­culos automotores..." Quito, 17 de enero de 2012.

;bgk[fei[[bWideY_ed[ic|i[nWYjWi ieXh[bWiYWkiWiZ[bWiYeiWio[iYWfWpZ[ ZWhf[h\[YjWYk[djWZ[[bbWi[dik[di[# Â&#x2039;WdpW"[ic|iiWX_egk[jeZeibeiZ[c|i [dYkWbgk_[hejhWY_[dY_W$ 7H?IJâJ;B;I

gfi\cXZkfi#XjÂ&#x2C6;ZfdfcXXlkf$ i`qXZ`Â?e [X[X X jl 8Yf^X[f [\]\ejfi%$Efk`]Â&#x2C6;hl\j\% =  ;i% =\c`g\ @e]Xek\ I\p Al\q \eZXi^X[f% Cf hl\ Zfdle`Zf X ljk\[ gXiX cfj ]`e\j [\ c\p% C\ gi\m\e^f [\ cX fYc`^XZ`Â?e hl\ k`\e\ [\ j\Â&#x152;XcXi ZXj`cc\if al[`Z`XcgXiXi\Z`Y`igfjk\i`fi\j efk`]`ZXZ`fe\j%$:\ik`]`Zf% 89%AFI><D@<I9LI98EF J<:I<K8I@F ?Xplej\ccf 8%:%&/*-+, ALQ>8;F;<:@DF;<CF :@M@C;<G@:?@E:?8 :@K8:@äE AL;@:@8C 8# AL8E G89CF >LK@<II<Q I<JKI<GF <OKI8:KF1 8Zkfi1 ;i% Cl`j >\id}e M}jhl\q >XcXiqX GifZliX[fiAl[`Z`Xc[\c9XeZf [\cG`Z_`eZ_X:%8%;\dXe[X[f AlXeGXYcf>lk`Â&#x201E;ii\qI\jki\gf%$ 8jlekf1Gi\m`f\cki}d`k\g\i$ k`e\ek\ hl\ \e j\ek\eZ`X j\ Zfe[\e\ Xc gX^f [\c `dgfik\ [\c jfYi\^`if p c`hl`[XZ`Â?e# `ek\i\j\j[\dfiXpZfjkXjgif$ ZÂ&#x201E;jXc\j#hl\`eZcl`i}e_fefiX$ i`fj[\[\cXYf^X[f[\]\ejfi% Ki}d`k\1 <a\Zlk`mf# :lXekÂ&#x2C6;X1  ('%'''# Al`Z`f1 <a\Zlk`mf# Ef1 )''.$'*,.;C%J\c\_XZ\Zfef$ Z\i\c<OKI8:KF#[\[\dXe[X \a\Zlk`mXpcXjgifm`[\eZ`Xjhl\ XZfek`elXZ`Â?ej`^l\e1 GIFM@;<E:@8J ALQ>8;F ;<:@DF ;< CF :@M@C ;< G@:?@E:?8%$ Hl`kf X )' [\ alc`f [\c )''0# cXj '0_(/%$ M@JKFJ1 8mfZf ZfefZ`d`\ekf [\ cX gi\j\ek\ ZXljX \e d` ZXc`[X[[\Al\qK`klcXi[\\jkX Al[`ZXkliX#pgi\m`fjfik\f[\ C\p%$CX[\dXe[Xhl\Xek\Z\[\ \j ZcXiX# gi\Z`jX p i\Â&#x2019;e\ cfj i\hl`j`kfj [\ C\p# gfi cf hl\ [\ZcXi}e[fj\cX gifZ\[\ek\ j\ cXXZ\gkXXcki}d`k\<a\Zlk`mf%$ <eZfej\Zl\eZ`X\c[\dXe[X$ [fj\Â&#x152;fiAlXeGXYcf>lk`Â&#x201E;ii\q I\jki\gf# gX^l\ cX fYc`^XZ`Â?e X[\l[X[X f gifgfe^X \oZ\g$ Z`fe\j[\cXjhl\j\Zi\XXj`j$ k`[f\e\ckÂ&#x201E;id`ef[\ki\j[Â&#x2C6;Xj [\c\^Xcd\ek\Z`kX[f%:Â&#x2C6;k\j\\e c\^Xcp[\Y`[X]fidXXc[\dXe$ [X[f\ecX[`i\ZZ`Â?ehl\j\Â&#x152;X$ cXgXiX\c\]\Zkf%8^iÂ&#x201E;^l\j\X cfjXlkfjcfj[fZld\ekfjhl\ XZfdgXÂ&#x152;X%$KÂ&#x201E;e^Xj\\eZl\e$ kX\cZXj`cc\ifal[`Z`Xcj\Â&#x152;XcX[f gXiXgfjk\i`fi\jefk`]`ZXZ`fe\j# XjÂ&#x2C6; Zfdf cX Xlkfi`qXZ`Â?e Zfe$ ]\i`[XXjlXYf^X[f[\]\ejfi%$ KÂ&#x201E;e^Xj\ \e Zl\ekX cX ZXc`[X[ \e hl\ ZfdgXi\Z\ \c ;i% Cl`j >\id}eM}jhl\q\eZXc`[X[[\ gifZliX[fi al[`Z`Xc [\c 9XeZf [\cG`Z_`eZ_X% :@K<J<PEFK@=@HL<J<$= ;i% AfjÂ&#x201E;DXikÂ&#x2C6;e\qAl\q ALQ>8;F;<:@DF;<CF:@M@C ;<G@:?@E:?8%$Hl`kfX/[\ X^fjkf [\c )'((# cXj (,_)-%$ 8k\ekf \c aliXd\ekf i\e[`[f gfi\cXZkfi#Zfe\c\jZi`kf[\ [\dXe[X p \jkX gifm`[\eZ`X# ZÂ&#x2C6;k\j\ X AlXe GXYcf >lk`Â&#x201E;ii\q I\jki\gfd\[`Xek\glYc`ZXZ`f$ e\j [\ gi\ejX# \e lef [\ cfj

[`Xi`fj[\dXpfiZ`iZlcXZ`Â?e\e cXZ`l[X[[\Hl`kfEfk`]Â&#x2C6;hl\j\%$ = ;i%AfjÂ&#x201E;DXikÂ&#x2C6;e\qAl\q% CF HL< CC<MF 8 JL :FEF:@D@<EKF P C< :@KF GI<M@E@yE;FC< ;< C8 F9C@>8:@äE ;< J<z8C8I :8J@CC<IF A L ; @ : @ 8 C G8 I 8  G F J K < I @ F I < J EFK@=@:8:@FE<J% ;I%<[^Xi?XifMXc\eql\cX J<:I<K8I@F ;<C ALQ>8;F ;<:@DF ;< CF :@M@C ;< G@:?@E:?8 ?Xplej\ccf 8%:%&/*.00 <OKI8:KF% :<EKIFE8:@FE8C;< D<;@8:@FEP8I9@KI8A< ;<C8:8D8I8;<C8 :FEJKIL::@FE;<HL@KF% :@K8:@FE8I9@KI8C :Â&#x2C6;k\j\Zfe\cj`^l`\ek\\okiXZkf [\ cX [\dXe[X p gifm`[\eZ`X \e\ccXi\ZXÂ&#x2C6;[XXcfj_\i\[\ifj gi\jlekfj p [\jZfefZ`[fj [\c j\Â&#x152;fi C`qXi[f DXiÂ&#x2C6;X ?`[Xc^f :\c`#Zlpfk\efi\j\cj`^l`\e$ k\1 8:KFI1 ;i% :Xicfj <[lXi[f <Z_\m\iiÂ&#x2C6;X G`efj# \e jl ZXc`$ [X[ [\ GifZliX[fi Al[`Z`Xc [\c 8ih% =iXeZ`jZf >l`cc\idf >iXe[X>XiqÂ?ep[\cXj\Â&#x152;fiX >\ii`ka\Kc\ka\ J`\kjb\BifcBffgdXej% ;<D8E;8;FJ1 j\Â&#x152;fi\j Xihl`k\ZkfAlXe:Xicfj9lie\f DXk\lj# DXiÂ&#x2C6;X 8l^ljkX# ;fcfi\j@eÂ&#x201E;j#GXlc`eX9\XkiÂ&#x2C6;qp DÂ?e`ZX[\c:`je\?`[Xc^fCÂ?g\q pfkifj% :C8J< ;< AL@:@F1 <JG<:@8C Ef%''0$)'(( F9A<KF ;< C8 ;<D8E;81 @eZldgc`d`\ekf [\c ZfekiXkf%$ I\ZfefZ\i\c[fd`e`fpkiXjgX$ jf[\cXgifg`\[X[X]Xmfi[\cfj XZkfi\j[\c;\gXikXd\ekf;FJ$ J<@J#cXk\iiXqXX[pXZ\ek\#le \jkXZ`feXd`\ekf gXiX m\_Â&#x2C6;Zl$ cfj#leXYf[\^XpcXjXcÂ&#x2C6;ZlfkXj Zfii\jgfe[`\ek\j [\c \[`]`Z`f Ă&#x2C6;<c8cd`iXek\Ă&#x2030;Zfejkil`[fjfYi\ \ccfk\:$'([\cXliYXe`qXZ`Â?e M`jkXI\Xc#lY`ZX[X\ecXqfeX ZfefZ`[X Zfdf \c 8ZXek`cX[f fG\Â&#x152;Â?e[\JXd\#[\ci\Z`ekf JXd\# gXiifhl`X KfeZ_`^Â&#x2022;\# [\cZXekÂ?e8kXZXd\j#Gifm`eZ`X [\ <jd\iXc[Xj%$ Hl\ j\ Zfe$ [\e\ X cfj [\dXe[X[fj Xc gX^f [\ dXe\iX jfc`[Xi`X [\ cXdlckX[\LJ;%)'%'''%'' [\k\id`eX[X\ecXj\jZi`kliXj gÂ&#x2019;Yc`ZXj[\gifd\jX[\Zfd$ giXm\ekX%$Hl\j\Zfe[\e\X cfj [\dXe[X[fj Xc gX^f [\ le Xii`\e[f gfi cX fZlgXZ`Â?e [\c [\gXikXd\ekf Ă&#x2C6;9Ă&#x2030;# gcXekX YXaX# \jkXZ`feXd`\ekf Ef% ) gXiX[fjXlkfdÂ?m`c\j[\c\[`$ ]`Z`fĂ&#x2C6;D8I<CĂ&#x2030;#j\ZkfiC8G8Q# gXiifhl`X9\eXcZ}qXi#[\\jkX Z`l[X[[\Hl`kf#\cZlXccf_Xe \jkX[f fZlgXe[f [\j[\ \c (+ [\ fZklYi\ [\c )''* _XjkX cX ]\Z_X\ehl\\]\Zk`mXd\ek\j\ i\Xc`Z\\ckiXjgXjf[\[fd`e`f [\cfj`edl\Yc\j%<cZXefe[\ Xii\e[Xd`\ekf#cf]`aX\eLJ;% .''%'' d\ejlXc\j%$ Hl\ j\

Zfe[\e\Xcfj[\dXe[X[fjXc gX^f[\cXjZlfkXj[\Zfe[f$ d`e`fhl\j\[\Y\gX^Xid\e$ jlXcd\ek\\e\c\[`]`Z`fDXi\cp [\c[\gXikXd\ekf\e\c<[`]`Z`f <c8cd`iXek\%$Hl\j\Zfe[\e\e Xcfj[\dXe[X[fjXcgX^f[\ cfj Zfii\jgfe[`\ek\j `dgl\j$ kfj gi\[`Xc\j hl\ j\ \jkÂ&#x201E;e X[\l[Xe[f \e cfj Dle`Z`g`fj [\Hl`kfp8kXZXd\j%$Hl\j\ Zfe[\e\Xcfj[\dXe[X[fjXc gX^f[\kf[fjcfj[\k\i`fifjp fYiXj]XckXek\j\e\c[\gXikX$ d\ekfpXe\ofj[\c<[`]`Z`f<c 8cd`iXek\# hl\ \jk} \e XYXe$ [fef [\j[\ cX Â&#x201E;gfZX \e hl\ XÂ&#x2019;e\jkXe[fk\id`eX[f#efj\ _XjljZi`kfcX\jZi`kliXgÂ&#x2019;Yc`ZX [\kiXjgXjf[\[fd`e`fX]Xmfi [\cXZkfi%$Hl\j\Zfe[\e\eX cfj [\dXe[X[fj Xc gX^f gfi cfj Zfejldfj [\ X^lX gfkX$ Yc\p\e\i^Â&#x2C6;X\cÂ&#x201E;Zki`ZXhl\j\ \eZl\eki\e X[\l[Xe[f gfi cfjZfejldfj[\cfj[\gXikX$ d\ekfj[\cfj\[`]`Z`fjDXi`\c p<c8cd`iXek\%$Hl\j\Zfe[\$ e\Xcfj[\dXe[X[fjXcgX^f [\c [XÂ&#x152;f \d\i^\ek\ p clZif Z\jXek\#gl\j_XjkX\jkX]\Z_X ef _Xe gf[`[f [`jgfe\i [\c [\gXikXd\ekf\e\c<[`]`Z`f<c 8cd`iXek\#g\j\X_XY\igX^X[f cXkfkXc`[X[[\cgi\Z`f#j\^Â&#x2019;ecX \jZi`kliX[\gifd\jX[\Zfd$ giXm\ekX%$Hl\j\Zfe[\e\X cfj[\dXe[X[fjXcgX^f[\cXj ZfjkXj gifZ\jXc\j# `eZclp\e[f cfj_fefiXi`fj[\jlXYf^X[f [\]\ejfi%$ :L8EK@81LJ;%()'%''' GIFM@;<E:@8@E@:@8CC8HL< J@>L<1 Ă&#x2C6;;@I<:KFI ;<C :<EKIF E8:@FE8C ;< D<;@8:@FE P 8I9@KI8A<;<C8:8D8I8;< C8:FEJKIL::@FE;<HL@KF $:<E8D8:F%$8I9@KI8A<Ef# ''0$)'((%$<:?<M<II@8MJ% ?@;8C>F P FKIFJ%$ Hl`kf + [\\e\if[\)'()%$CXj(-?''%$ (%$@eZfigÂ?i\ej\XcgifZ\jfcfj \jZi`kfj gi\j\ekX[fj gfi cX gXik\ XZkfiX cfj [Â&#x2C6;Xj )) [\ [`Z`\dYi\[\)'((p+[\\e\if [\)'()#XjÂ&#x2C6;ZfdfcXjglYc`ZX$ Z`fe\j i\Xc`qX[Xj cfj [Â&#x2C6;Xj )/# )0p*'[\;`Z`\dYi\[\)'((# \e[fe[\j\Z`kXZfecX[\dXe$ [X X cfj j\Â&#x152;fi\j Xihl`k\Zkf AlXe :Xicfj 9lie\f DXk\lj# DXiÂ&#x2C6;X 8l^ljkX# ;fcfi\j @eÂ&#x201E;j# GXlc`eX 9\XkiÂ&#x2C6;q p DÂ?e`ZX [\c :`je\?`[Xc^fCÂ?g\q#_\i\[\ifj [\cj\Â&#x152;fiC`qXi[fDXiÂ&#x2C6;X?`[Xc^f :\c`%$)%$KÂ?d\j\\eZl\ekX\c [\j\jk`d`\ekfi\Xc`qX[fgfi\c XZkfi \e jl \jZi`kf [\ )) [\ [`Z`\dYi\[\)'((%$*%$Gi\m`X XcXZ`kXZ`Â?egficXgi\ejXXcfj _\i\[\ifj gi\jlekfj p [\jZf$ efZ`[fj[\cj\Â&#x152;fiC`qXi[fDXiÂ&#x2C6;X ?`[Xc^f:\c`#\cXZkfiZfe]fid\ cf\jkXYc\Z`[f\e\c8ik%/)[\c :Â?[`^f[\GifZ\[`d`\ekf:`m`c# [\Y\i}i\Z`Y`i[\c:<E8D8:F \c\okiXZkf[\cX[\dXe[X#X]`e [\ hl\ cfj [\dXe[X[fj ZlpX `e[`m`[lXc`[X[fi\j`[\eZ`Xj\ [\jZfefZ\# j\Xe Z`kX[fj gfi cXgi\ejX[\Zfe]fid`[X[Zfe cX efidX c\^Xc Xek\j Z`kX[X%$ Efk`]Â&#x2C6;hl\j\%$ ]  ;i% IXd`if JXcXqXi:fi[\if#;`i\ZkfiĂ&#x2030;% Cfhl\Zfdle`ZfXljk\[gXiX cfj]`e\jc\^Xc\jg\ik`e\ek\j ;iX%A\eepGXki`Z`XM\`ek`d`ccX J<:I<K8I@889F>8;8 :<EKIF E8:@FE8C ;< D<;@8:@FEP8I9@KI8A< :8D8I8 ;< C 8 :FEJKIL::@FE;<HL@KF ?Xplej\ccf 8%:%&/*/+*

AVISO DE LLAMAMIENTO A ACREEDORES En cumplimiento de lo dispuesto por el artĂ­culo 393 de la Ley de Compaùías; se notifica a los acreedores de la Compaùía INTERNETMARK SOLUTIONS CIA. LTDA. â&#x20AC;&#x153;EN LIQUIDACIĂ&#x201C;Nâ&#x20AC;?, a efectos de que dentro del tĂŠrmino de veinte dĂ­as contados desde la fecha de la Ăşltima publicaciĂłn de este Aviso, presenten la documentaciĂłn que acredite su derecho de acreencia, en las Oficinas ubicadas en la Av. Amazonas No. 477 y RamĂłn Roca, EDIFICIO RĂ?O AMAZONAS, PISO 2, OFICINA 215. DR. MIGUEL CANTOS GĂ&#x201C;MEZ LIQUIDADOR DE INTERNETMARK SOLUTIONS CIA. LTDA. â&#x20AC;&#x153;EN LIQUIDACIĂ&#x201C;Nâ&#x20AC;? C.C. 1710446202

Dr. Oswaldo Noboa LeĂłn DIRECTOR JURĂ?DICO DE COMPAĂ&#x2018;Ă?AS AR/17970/cc

AR/17937/cc

 

  

g Ĺ? Ä&#x201A;Ä&#x2020;Ĺ?Ĺ?Ĺ?Ĺ?Ä&#x201A;Ä&#x20AC;Ä Ä&#x201A;

Ĺ?+.Ĺ? Ä&#x152;Ĺ? ALQ>8;F;<:@DFHL@EKF ;<CF:@M@C;<G@:?@E:?8 I%;<C<% :@K8:@FE AL;@:@8C 8C J<zFI1 @K8CF IFC8E;F >L8P8E8P>L8P8E8P <OKI8:KF AL@:@F ;< @EJFCM<E:@8 Ef% )-.$)%'('$;i%N%D% 8:KFI81@e^%8E8<C@Q89<K? P8E<Q ?@EFAFJ8# <E JL :8C@;8;;<><I<EK<;<C8 JL:LIJ8C C8K8:LE>8 ;<C 98E:FG@:?@E:?8:%8% ;<D8E;8;F1@K8CFIFC8E;F >L8P8E8P>L8P8E8P : L8 E K @ 8 1  ;FJ D @ C H L @ E @ < E KFJ  ; F C 8 I <J 8D<I@:8EFJ% :8J@CC<IF Ef% +/% 8Y% G8LC@E8?@;8C>F<J:F98I GIFM@;<E:@81 ALQ>8;F ;<:@DF HL@EKF ;< CF :@M@C ;< G@:?@E:?81 DXZ_XZ_` X )) [\ j\gk`\dYi\ [\c)%'('2cXj'/?('%$M@JKFJ1 8mfZfZfefZ`d`\ekf[\cXgi\$ j\ek\ZXljX\eZXc`[X[[\Al\q K`klcXi [\ \jkX Al[`ZXkliX% <e cf gi`eZ`gXc cX [\dXe[X hl\ Xek\Z\[\ \j ZcXiX p i\Â&#x2019;e\ cfj [\d}j i\hl`j`kfj [\ c\p2 \e Zfej\Zl\eZ`X# Zfdf [\ cXj g`\qXj gifZ\jXc\j hl\ j\ XZfdgXÂ&#x152;Xe#XgXi\Z\hl\@kXcf IfcXe[f >lXpXeXp >lXpXeXp# j\ \eZl\ekiX Zfdgi\e[`[f \e \c eld\iXc (if% [\c 8ik% ,(0 [\c :Â?[`^f [\ GifZ\[`d`\ekf :`m`c# gfi cf hl\ j\ gi\jld\ cX `ejfcm\eZ`X [\c [\dXe[X[f p\eZfej\Zl\eZ`X[\kXcgi\$ jleZ`Â?e2 j\ [\ZcXiX Zfe cl^Xi \cZfeZlijf[\8Zi\\[fi\jhl\ j\dXe[XX]fidXi%GifZÂ&#x201E;[Xj\X cXfZlgXZ`Â?ep[\gÂ?j`kf[\jlj Y`\e\jc`YifjpdXj[fZld\e$ kfj# cfj ZlXc\j j\ \eki\^Xi}e j\Â&#x152;fi;i%AfjÂ&#x201E;8ekfe`f>l\ii\if Hl`eXcl`jXXchl\j\c\[\j`^eX gXiXkXc\]\ZkfZfdfJÂ&#x2C6;e[`Zf[\ cXhl`\YiX#Xhl`\ej\c\\eki\$ ^Xi}cXfZlgXZ`Â?e[\cfjY`\e\j `e[`ZX[fj#gi\m`XjXcXj]fidXc`$ [X[\j[\C\p#pj\gfj\j`feXi} [\cZXi^f\eZfd\e[X[f\c[Â&#x2C6;X m`\ie\jgi`d\if[\fZklYi\[\c [fj d`c [`\q# X cXj [`\q _fiXj ki\`ekX d`elkfj% F]Â&#x2C6;Z`\j\ \e c\^Xc p [\Y`[X ]fidX X cfj Al\Z\j[\cf:`m`c[\G`Z_`eZ_X X ]`e [\ hl\ j\ XZldlc\e cXj ZXljXjj\^l`[Xj\eZfekiX[\c [\l[fi# gfi fYc`^XZ`fe\j [\ [Xi p _XZ\i X \oZ\gZ`Â?e [\ cXj_`gfk\ZXi`Xj#j`jlj[l\Â&#x152;fj hl`\i\e _XZ\i mXc\i jlj [\i\$ Z_fj \e Zl\i[X j\gXiX[X% ;\ Zfe]fid`[X[ Zfe cf [`jgl\jkf \e\c8ik%,'0`Y`[\di\dÂ&#x2C6;kXj\ Zfg`X [\c \og\[`\ek\ Xc j\Â&#x152;fi =`jZXc ;`jki`kXc [\c ZXekÂ?e D\aÂ&#x2C6;X gXiX cfj ]`e\j [\ C\p% GlYcÂ&#x2C6;hl\j\ \c \okiXZkf [\ cX [\dXe[X p \jkX gifm`[\eZ`X \elef[\cfj;`Xi`fj[\dXpfi Z`iZlcXZ`Â?ehl\j\\[`kXe\ecX Z`l[X[ [\ Hl`kf%$ J\ gif_Â&#x2C6;Y\ Xc[\dXe[X[fhl\j\Xlj\ek\ [\c k\ii`kfi`f eXZ`feXc gXiX cf ZlXcj\fi[\eXcXgif_`Y`Z`Â?e[\ jXc`[X[\cgXÂ&#x2C6;j[\c]Xcc`[f@kXcf IfcXe[f >lXpXeXp >lXpXeXp# gXiX cf ZlXc j\  f]`Z`Xi} Xc ;`i\ZkfiEXZ`feXc[\D`^iXZ`Â?e# X[alekX[fZfg`XZ\ik`]`ZX[X[\ \jk\ Xlkf# XjÂ&#x2C6; d`jdf# f]Â&#x2C6;Z`\j\ Xcfjj\Â&#x152;fi\j1EfkXi`fGlYc`Zf pI\^`jkiX[fi[\cXGifg`\[X[ pD\iZXek`c[\c:XekÂ?eD\aÂ&#x2C6;X#X cfj>\i\ek\j[\cfj9XeZfj[\ cXcfZXc`[X[#Xcj\Â&#x152;fiGi\j`[\ek\ [\c:fej\afGifm`eZ`Xc<c\ZkfiXc [\G`Z_`eZ_X#Xcj\Â&#x152;fi;`i\Zkfi >\e\iXc [\c I\^`jkif :`m`c# @[\ek`]`ZXZ`Â?ep:\[lcXZ`Â?e#Xc j\Â&#x152;fi;`i\Zkfi[\cXJ<E;I<J# Xc D`e`jkif [\ <[lZXZ`Â?e# Xc j\Â&#x152;fi :fekiXcfi# >\e\iXc [\c <jkX[f \e cX g\ijfeX [\ jl [\c\^X[f# Xc ;`i\Zkfi [\ D`^iXZ`Â?e p <okiXea\iÂ&#x2C6;X# Xc @ek\e[\ek\>\e\iXc[\Gfc`ZÂ&#x2C6;X# XcD`e`jkif[\=`eXeqXj#Xcj\Â&#x152;fi Jlg\i`ek\e[\ek\ [\ 9XeZfj# :fc\^`f[\@e^\e`\ifj:`m`c\jp 8ihl`k\Zkfj[\G`Z_`eZ_X%Hl\

Ä&#x160;

j\i\d`kXeXlef[\cfjj\Â&#x152;fi\j Al\Z\j[\cfG\eXc#cXjZfg`Xj e\Z\jXi`Xj[\\jkXgifm`[\eZ`X \efi[\eXcXZXc`]`ZXZ`Â?e[\cX `ejfcm\eZ`X%$ <c [\l[fi gf[i} fgfe\ij\ X cX `ejfcm\eZ`X# gX^Xe[f \c mXcfi X[\l[X[f f [`d`kX Y`\e\j \hl`mXc\ek\j X cX [\l[X# \e \c kÂ&#x201E;id`ef [\ ki\j [Â&#x2C6;Xj%$ :Â&#x2C6;k\j\ Xc [\dXe$ [X[f @kXcf IfcXe[f >lXpXeXp >lXpXeXp#\ecX[`i\ZZ`Â?ej\Â&#x152;X$ cX[X gXiX \c \]\Zkf# d\[`Xek\ Xk\ekX Zfd`j`Â?e hl\ \e c\^Xc p [\Y`[X ]fidX j\ \em`Xi} Xc j\Â&#x152;fi K\e`\ek\ GfcÂ&#x2C6;k`Zf [\ cX gXiifhl`X 8cÂ?X^# ZXekÂ?e D\aÂ&#x2C6;X#gifm`eZ`X[\G`Z_`eZ_X%$ Efk`]Â&#x2C6;hl\j\p:Â&#x2C6;k\j\%=%;i%Afi^\ ;lhl\ >iXeaX# Al\q ;Â&#x201E;Z`df Hl`ekf[\cf:`m`c[\G`Z_`eZ_X% Cfhl\Zfdle`ZfXljk\[gXiX cfj]`e\j[\C\p#X[m`ik`Â&#x201E;e[fc\ [\ cX fYc`^XZ`Â?e hl\ k`\e\ [\ j\Â&#x152;XcXiZXj`cc\ifal[`Z`Xc\e\jkX Z`l[X[ gXiX jlj gfjk\i`fi\j efk`]`ZXZ`fe\j%:\ik`]`Zf% ;i%NXj_`e^kfeDfc`eXM% J<:I<K8I@F ?Xplej\ccf (-()'* ALQ>8;FHL@EKF;<CF :@M@C;<G@:?@E:?81 <okiXZkfAl[`Z`Xc :`kXZ`Â?e Al[`Z`Xc X cX j\Â&#x152;fiX DXiÂ&#x2C6;X DX^[Xc\eX AXiXd`ccf [\c:Xjk`ccf% Al`Z`f :fe]\j`Â?e Al[`Z`Xc Ef ((*'$)'(($AK% KiXd`k\1JldXi`f :L8EKĂ 81@e[\k\id`eX[X 8Zkfi1M\eljI\ZXc[\>l\iife ;\dXe[X[X2DXiÂ&#x2C6;XDX^[Xc\eX AXiXd`ccf[\c:Xjk`ccf% @e`Z`X[f\c([\j\gk`\dYi\[\c )'((% ;\]\ejfi1;i%:XicfjFi\ccXeX Gifm`[\eZ`Xj1 ALQ>8;F HL@EKF ;< CF :@M@C;<G@:?@E:?81Hl`kfX 0[\j\gk`\dYi\[\c)'((#XcXj (,_*)1M@JKFJ1<ecfgi`eZ`gXc XmfZfZfefZ`d`\ekf[\cXgi\$ j\ek\ZXljX\em`ikl[[\cjfik\f i\Xc`qX[f#\eZfej\Zl\eZ`X2cX [\dXe[Xgi\j\ekX[X#\jZcXiX# Zfdgc\kX# gi\Z`jX p i\Â&#x2019;e\ cfj [\d}ji\hl`j`kfj[\c\pgficf hl\j\cXX[d`k\Xki}d`k\2\e Zfej\Zl\eZ`X#j\Â&#x152;XcXj\gXiX\c [Â&#x2C6;X)0[\j\gk`\dYi\[\cXÂ&#x152;f \eZlijf#XcXj[`\Z`jÂ&#x201E;`j_fiXj# X]`e[\hl\DXiÂ&#x2C6;XDX^[Xc\eX AXiXd`ccf[\c:Xjk`ccf#ZfeZl$ iiXX\jk\[\jgXZ_f#\e]fidX g\ijfeXc#pefgfi`ek\igl\jkX g\ijfeX XZfdgXÂ&#x152;X[f [\ jl [\]\ejfi#pi`e[XjlZfe]\j`Â?e al[`Z`Xc#Xck\efi[\cgc`\^fgi\$ j\ekX[f\ejfYi\Z\iiX[f#phl\ j\i}ZXc`]`ZX[fXcdfd\ekf[\ cX[`c`^\eZ`XXck\efi[\cfgi\$ m`jkf \c 8ik% (*' [\c i\]\i`[f :Â?[`^f%$:Â&#x2C6;k\j\Xc[\dXe[X[f \e \c [fd`Z`c`f j\Â&#x152;XcX[f# \c XZkfi gifgfiZ`fe\ cXj Zfg`Xj jl]`Z`\ek\jX]`e[\\cXYfiXicXj Yfc\kXj i\jg\Zk`mXj%$ KÂ?d\j\ efkX [\c [fd`Z`c`f p ZXj`cc\if al[`Z`Xc[\j`^eX[fgficXgXik\ XZkfiX%$8ZklÂ&#x201E;\cj\Â&#x152;fi;i%Cl`j Ife M`ccXm`Z\eZ`f p ;i% AX`d\ Kfii\j :Xii\iX \e ZXc`[X[ [\ J\Zi\kXi`f p F]`Z`Xc DXpfi \eZXi^X[fi\jg\Zk`mXd\ek\#[\ Zfe]fid`[X[ Zfe cf [`jgl\jkf gfi \c :fej\af EXZ`feXc [\ Al[`ZXkliX# d\[`Xek\ f]`Z`f Ef%))-$'.$:I?$:EA$<J[\, dXiqf[\c)''.%$EFK@=@HL<J<% =%$ ;I8% D8IĂ 8 D<I:<;<J GFIK@CC8%AL<Q% ALQ>8;F HL@EKF ;< CF :@M@C ;< G@:?@E:?8 1 Hl`kf X (* [\ [`Z`\dYi\ [\c )'((# X cXj ('_*.1 8^iÂ&#x201E;^l\j\ X cfj Xlkfj\c\jZi`kfhl\Xek\Z\[\%$ 8k\ekX cX g\k`Z`Â?e ]fidlcX[X p \c aliXd\ekf i\e[`[f gfi cX gXik\ XZkfiX [\ Zfe]fid`[X[ Zfecf[`jgl\jkfgfi\c8ik%/)# ZÂ&#x2C6;k\j\XcX[\dXe[X[Xj\Â&#x152;fiX DXi`XDX^[Xc\eXAXiXd`ccf[\c :Xjk`ccf#gficXgi\ejX\elef[\ cfj[`Xi`fj[\dXpfiZ`iZlcXZ`Â?e

Ĺ? Ĺ?

Ĺ? 


Ĺ? Ĺ?

Ĺ? 

 

  

Ä Ä&#x20AC;

g Ĺ? Ä&#x201A;Ä&#x2020;Ĺ?Ĺ?Ĺ?Ĺ?Ä&#x201A;Ä&#x20AC;Ä Ä&#x201A;

Ĺ?+.Ĺ? Ä&#x152;Ĺ?

hl\ j\ \[`kXe \e \jkX Z`l[X[ [\ Hl`kf %$ Efk`]Â&#x2C6;hl\j\% ;I8% D8IĂ 8D<I:<;<JGFIK@CC8% AL<Q% ALQ>8;F HL@EKF ;< CF :@M@C ;< G@:?@E:?8 1 Hl`kf X )' [\ [`Z`\dYi\ [\c )'((#XcXj((_+,%$8^iÂ&#x201E;^l\j\ XcfjXlkfj\c\jZi`kfhl\Xek\$ Z\[\%$ 8k\ekX cX g\k`Z`Â?e ]fi$ dlcX[X# j\Â&#x152;XcXj\ gXiX \c [Â&#x2C6;X (.[\\e\if[\c[fjd`c[fZ\X cXjZXkfiZ\_fiXj#X]`e[\hl\ ZfdgXi\qZXX\jkXAl[`ZXkliX cX j\Â&#x152;fiX DXiÂ&#x2C6;X AXiXd`ccf [\c :Xjk`ccf# \e ZfdgXeÂ&#x2C6;X [\ jl XYf^X[f [\]\ejfi p i`e[X jl Zfe]\j`Â?e al[`Z`Xc Xc k\efi [\c `ek\iif^Xkfi`f ]fidlcX[f gXiX \c \]\Zkf%$ Efk`]Â&#x2C6;hl\j\% ;I8% D8IĂ 8D<I:<;<JGFIK@CC8% AL<Q% ALQ>8;F HL@EKF ;< CF :@M@C ;< G@:?@E:?8 1 Hl`kf X . [\ \e\if [\c )'()# X cXj ((_+,%$8^iÂ&#x201E;^l\j\XcfjXlkfj \c\jZi`kfhl\Xek\Z\[\%$8k\ekX cXg\k`Z`Â?e]fidlcX[X#j\Â&#x152;XcX$ j\ gXiX \c [Â&#x2C6;X )* [\ =\Yi\if [\c[fjd`c[fZ\XcXjZXkfiZ\ _fiXj#X]`e[\hl\ZfdgXi\q$ ZXX\jkXAl[`ZXkliXcXj\Â&#x152;fiX DXiÂ&#x2C6;X AXiXd`ccf [\c :Xjk`ccf# \e ZfdgXeÂ&#x2C6;X [\ jl XYf^X[f [\]\ejfi p i`e[X jl Zfe]\j`Â?e al[`Z`XcXck\efi[\c`ek\iif^X$ kfi`f ]fidlcX[f gXiX \c \]\Z$ kf%$ Efk`]Â&#x2C6;hl\j\% ;I8% D8IĂ 8 D<I:<;<JGFIK@CC8%AL<Q% Cf hl\ gfe^f \e jl ZfefZ`$ d`\ekf gXiX cfj ]`e\j [\ c\p# X[m`ik`Â&#x201E;e[fc\ [\ cX fYc`^XZ`Â?e hl\ k`\e\ [\ j\Â&#x152;XcXi ZXj`cc\if al[`Z`Xc \e \c gXcXZ`f [\ alj$ k`Z`X[\\jkXZ`l[X[[\Hl`kf# gXiX i\Z`Y`i gfjk\i`fi\j efk`$ ]`ZXZ`fe\j al[`Z`Xc\j hl\ c\ Zfii\jgfe[X% ;I% CL@J I F E M@CC8M@:<E:@F J<:I<K8I@F< <o`jk\]`idXpj\ccf% 8%G%&,(-''&b%d% I%[\c<% ALQ>8;F;y:@DFJyGK@DF ;<CF:@M@C;<G@:?@E:?8 :`kXZ`Â?e al[`Z`Xc Xc j\Â&#x152;fi :<J8I >L@CC<IDF I8DFJ M8C<E:@8 j\ c\ _XZ\ jXY\i hl\ \e \jkX Al[`ZXkliX j\ _X gifgl\jkf le al`Z`f <a\Zlk`mf# \ecfjj`^l`\ek\jkÂ&#x201E;id`efj% 8:KFI1 8E><C FJN8C;F HL<M<;FEFC@MFJ ; < D 8 E ;8 ; F 1  : < J 8 I >L@CC<IDF I 8 D F J M8C<E:@8 AL@:@F1+(-$)'((% =LE;8D<EKFJ;<;<I<:?F1 8ikj%+(*#+(,pj`^l`\ek\j[\c :Â?[`^f [\ GifZ\[`d`\ekf :`m`c% :L8EKĂ 81).%'''#''LJ;% KIĂ?D@K<1<A<:LK@MF 89F>8;F ;<=<EJFI1 ;i% Alc`fJXiXe^f ALQ>8;F ;y:@DF JyGK@DF ;< CF :@M@C ;< G@:?@E:?8% JXe^fchlÂ&#x2C6;# X )0 [\ Ale`f [\c )'('%$ 8 cXj (,?+'%$ M@JKFJ1 CX [\dXe[X hl\ Xek\Z\[\ \j ZcXiX# gi\Z`jX# Zfdgc\kX p i\Â&#x2019;e\cfj[\d}ji\hl`j`kfj[\ c\p#gficfhl\j\cXXZ\gkXXc ki}d`k\ i\jg\Zk`mf# \e al`Z`f <a\Zlk`mf#\eZfej\Zl\eZ`Xj\ [`jgfe\hl\Xcfj[\dXe[X[fj :<J8I >L@CC<IDF I8DFJ M8C<E:@8#\eZXc`[X[[\XZ\g$ kXek\2p#XjlZÂ?epl^\cXj\Â&#x152;f$ iX ?@C;8 D8I@8 8CM8I<Q# Zfdf ^XiXek\ jfc`[Xi`X# \e \c kÂ&#x201E;id`ef [\ ki\j [Â&#x2C6;Xj ZldgcXe Zfe cX fYc`^XZ`Â?e [\dXe[X[X f gifgfe^Xe \oZ\gZ`fe\j \e `^lXckÂ&#x201E;id`ef%$<edÂ&#x201E;i`kfXcX [fZld\ekXZ`Â?e gi\j\ekX[X p cfhl\[`jgfe\\c8ik%+))[\c :Â?[`^f[\GifZ\[`d`\ekf:`m`c# j\fi[\eX\cJ\Zl\jkif[\cfj Y`\e\jdl\Yc\jhl\j\\eZl\e$ kiXe\e\c`ek\i`fi[\jl[fd`Z`$ c`fhl\cfk`\e\e\ejl[fd`Z`$ c`flY`ZX[f\ecXLiYXe`qXZ`Â?e JXekXifjX[\c`dX#ZXjXEf%-# :Xcc\8klekXhl`pZXcc\8#j\Zkfi

gfjk\i`fi[\cX<JG<#_XjkXle mXcfi`^lXcXcZiÂ&#x201E;[`kfX[\l[X[f dXjle[`\qgfiZ`\ekf%$GXiX cX gi}Zk`ZX [\ cX [`c`^\eZ`X [\ j\Zl\jkif# j\ jfc`Z`kXi} cX `ek\im\eZ`Â?e [\ le d`\dYif [\cXGfc`ZÂ&#x2C6;XEXZ`feXcZfdfcf [`jgfe\\c:Â?[`^fFi^}e`Zf[\ cX=leZ`Â?eAl[`Z`Xc#[\Y`Â&#x201E;e[f$ j\ gifZ\[\i X cX \eki\^X [\c d`jdf Xc j\Â&#x152;fi ;\gfj`kXi`f Al[`Z`Xc%$F]Â&#x2C6;Z`\j\Xcj\Â&#x152;fiA\]\ [\c :fdXe[f :XekfeXc [\ cX Gfc`ZÂ&#x2C6;XEXZ`feXc[\Ild`Â&#x152;X_l`%$ :Â&#x2C6;k\j\Xcfj[\dXe[X[fj:\jXi >l`cc\idf IXdfj MXc\eZ`X \ ?`c[X DXiÂ&#x2C6;X Ă?cmXi\q \e c\^Xc p [\Y`[X ]fidX \e \c [fd`Z`$ c`f j\Â&#x152;XcX[f gXiX \c \]\Zkf%$ 8^iÂ&#x201E;^l\j\ cfj [fZld\ekfj hl\ j\ XZfdgXÂ&#x152;Xe%$ KÂ&#x201E;e^Xj\ \e Zl\ekX \c ZXj`cc\if al[`Z`Xc Ef%(/([\j`^eX[fgficXgXik\ XZkfiX%$EFK@=Ă HL<J<%$ ALQ>8;F ;y:@DF JyGK@DF ;<CF:@M@C;<G@:?@E:?8%$ JXe^fchlÂ&#x2C6;# ), [\ FZklYi\ [\c )'((%$CXj'0?('%$ <c \jZi`kf hl\ Xek\Z\[\ X^iÂ&#x201E;$ ^l\j\XcgifZ\jf%LeXm\qhl\ j\_X[X[fZldgc`d`\ekfXcf fi[\eX[f\egifm`[\eZ`XXek\$ i`fi#ZÂ&#x2C6;k\j\ZfecX[\dXe[XXc j\Â&#x152;fi:\jXi>l`cc\idfIXdfj MXc\eZ`X [\ Zfe]fid`[X[ Zfe cf hl\ [`jgfe\ \c 8ik% /) [\c :Â?[`^f[\GifZ\[`d`\ekf:`m`c%$ EFK@=Ă HL<J<%$ =  ;i% Cl`j <[lXi[f KX`g\ >% AL<Q< Cfhl\Zfdle`ZfXljk\[gXiX cfj]`e\j[\C\p#gi\m`e`Â&#x201E;e[fc\ [\ cX fYc`^XZ`Â?e hl\ k`\e\ [\ j\Â&#x152;XcXi ZXj`cc\if al[`Z`Xc \e lef[\cfj[\\jkXZ`l[X[gXiX gfjk\i`fi\j efk`]`ZXZ`fe\j%$ :\ik`]`Zf% ;i%=\ieXe[f>iXeaXCXeXj J<:I<K8I@F;<CALQ>8;F(.² ;<CF:@M@C;<G@:?@E:?8 ?Xplej\ccf 8I&(.0+(&ZZ ALQ>8;FJ<>LE;F;< CF:@M@CPD<I:8EK@C;< >8CĂ?G8>FJ 81 <i`bX P\jj\e`X G`eXi^fk\ >`c ?8>F J89<I1 Hl\ \e \jkX al[`ZXkliX j\ _X gi\j\ekX[f [\dXe[X[\K\e\eZ`X#gi\j\e$ kX[X gfi :Xicfj <[lXi[f @c\j 9\aXiXef# \e \c hl\ _X i\ZXÂ&#x2C6;$ [f Xlkf [\ ZXc`]`ZXZ`Â?e \j \c j`^l`\ek\1 :L8EKĂ 81@e[\k\id`eX[X Gl\ikf 8pfiX# )( [\ efm`\d$ Yi\ [\c )'((%$ CXj '/?+'%$ M`jkfj% 8mfZf ZfefZ`d`\ekf [\c al`Z`f [\ k\e\eZ`X gfi \eZfekiXid\ \eZXi^X[f [\c Alq^X[f J\^le[f [\ cf :`m`c [\>Xc}gX^fj#j\^Â&#x2019;e8ZZ`Â?e[\ g\ijfeXc Ef% (,,$FG; [\ '- [\ ]\Yi\if [\c )''0 jljZi`kf gfi\c;i%Qf`cfCÂ?g\qI\Yfcc\[f ;\c\^X[f;`jki`kXc[\c>lXpXj p >Xc}gX^fj [\c :fej\af [\ cX Al[`ZXkliX# gi\j\ekX[f gfi :Xicfj <[lXi[f @c\j 9\aXiXef# ZfekiX<i`bXP\jj\e`XG`eXi^fk\ >`c# Zfe leX gXik`[X [\ eXZ`$ d`\ekf# [fZld\ekfj g\ijfeX$ c\j[\cg\k`Z`feXi`f#cfhl\j\ fi[\eX X^i\^Xi X cfj Xlkfj# i\Â&#x2019;e\cfji\hl`j`kfj[\cfj8ikj% -.[\c:Â?[`^f[\GifZ\[`d`\ekf :`m`c#gficfhl\j\cXZXc`]`ZX[\ ZcXiXgi\Z`jXpZfdgc\kX#pj\ cX X[d`k\ X ki}d`k\ [\ al`Z`f [\k\e\eZ`X[\Zfe]fid`[X[X cf hl\ [`jgfe\ \c KÂ&#x2C6;klcf @@@ p 8ik% ).( [\c :Â?[`^f Fi^}e`Zf [\cXE`Â&#x152;\qp8[fc\jZ\eZ`X\e m`ikl[ p 8ikj% (( :Â?[`^f [\ cX E`Â&#x152;\q p 8[fc\jZ\eZ`X p 8ik% ((/ p jj `Y`[\d% Gfi [\ZcXiXi YXaf aliXd\ekf hl\ [\jZf$ efZ\ \c [fd`Z`c`f# j\ fi[\eX Z`kXi X cX [\dXe[X[X j\Â&#x152;fiX <i`bX P\jj\e`X G`eXi^fk\ >`c# gfid\[`f[\cXgi\ejX\elef [\cfjg\i`Â?[`ZfjdXklk`efj[\ dXpfiZ`iZlcXZ`Â?e[\cgXÂ&#x2C6;j#pX hl\ \e \jkX Z`l[X[ ef \o`jk\ lef [\ Z`iZlcXZ`Â?e [`Xi`X# [\

   Ĺ? 

Zfe]fid`[X[ Xc 8ik% /) [\c :Â?[`^f[\GifZ\[`d`\ekf:`m`c# @ek\im\e^X\c@E=8#X]`e[\hl\ gi\j\ek\ele`e]fid\gfid\ef$ i`qX[fgfid\[`f[\leXkiXYX$ aX[fiXjfZ`Xcpgj`ZÂ?cf^XjfYi\ cXj`klXZ`Â?e]Xd`c`XiXZklXc\e cXhl\j\[\j\eml\cm\cXe`Â&#x152;X D`c\p 8Y`^X`c @c\j G`eXi^fk\ ZfeZ\[`Â&#x201E;e[fc\ le kÂ&#x201E;id`ef [\ (,[Â&#x2C6;XjgXiXcXgi\j\ekXZ`Â?e[\c `e]fid\ i\hl\i`[f# \c d`jdf hl\[\Y\i}j\ii\d`k`[fX\jk\ [\jgXZ_f%Efk`]Â&#x2C6;hl\j\% AL<Q ;< C8 :8LJ81 ;i% 9\eaXdÂ&#x2C6;eG`e\[X:fi[\if Gi\m`e`Â&#x201E;e[fc\[\cXfYc`^XZ`Â?e hl\ k`\e\e [\ j\Â&#x152;XcXi [fd`$ Z`c`f c\^Xc gXiX gfjk\i`fi\j efk`]`ZXZ`fe\j \e \c cl^Xi [\c al`Z`f#ZfecXjgi\m\eZ`fe\j[\ ef ZfdgXi\Z\i [\ekif [\ cfj m\`ek\[Â&#x2C6;Xj#gfjk\i`fi\jpÂ&#x2019;ck`dX glYc`ZXZ`Â?e [\ Z`kXZ`Â?e# j\i} Zfej`[\iX[ffk\e`[fi\Y\c[\X g\k`Z`Â?e[\gXik\% Cfhl\Zfdle`ZfXljk\[gXiX cfj]`e\j[\c\p% Gl\ikf8pfiX#(/[\efm`\dYi\ [\c)'((% ;iX%>`fZfe[X9Xii\iX9li^fj J<:I<K8I@8 ;<C ALQ>8;F J<>LE;F ;< CF :@M@C P D<I:8EK@C;<>8CĂ?G8>FJ ?Xplej\ccf 8I&(./*,&ZZ

8ELC8:@FE<J

BANCO PICHINCHA HL<;88ELC8;F Gfi  G<I;@;8  [\c :_\hl\ Ef )-'   [\ cX :kX% :k\% Ef% *+0,*+**'+ g\ik\e\Z`\ek\ X G@EQFE HL<Q8;8#IFJ8$ <CM@I8 [\c 9XeZf G`Z_`eZ_X% Hl`\e k\e^X [\i\Z_f [\Y\i} i\ZcXdXi [\ekif [\ cfj -' [Â&#x2C6;Xj  gfjk\i`fi\j X cX Â&#x2019;ck`dX glYc`ZXZ`Â?e% 8:&( d^ 444444 HL<;88ELC8;F GfiIF9F[\c:_\hl\Ef*.' mXcfi(,'#''[\cX:kX%:k\% Ef%*+''((*.'+g\ik\e\Z`\ek\ XJ8J@>K8:F#?L>F$<=I8@E [\c 9XeZf G`Z_`eZ_X% Hl`\e k\e^X[\i\Z_f[\Y\i}i\ZcXdXi [\ekif[\cfj-'[Â&#x2C6;Xjgfjk\i`f$ i\jXcXÂ&#x2019;ck`dXglYc`ZXZ`Â?e% 8:&) d^ 444444 HL<;88ELC8;F Gfi  IF9F  [\c :_\hl\ Ef (0.,mXcfi,'#''[\cX:kX% :k\%Ef%*(*'*+0.'+g\ik\e\$ Z`\ek\X:8II<I88CFDFKF# CL@J$>@FM8EE@ [\c 9XeZf G`Z_`eZ_X% Hl`\e k\e^X [\i\$ Z_f[\Y\i}i\ZcXdXi[\ekif[\ cfj -'  [Â&#x2C6;Xj  gfjk\i`fi\j X cX Â&#x2019;ck`dXglYc`ZXZ`Â?e% 8:&* d^ 444444 HL<;88ELC8;F Gfi  G<I;@;8  [\c :_\hl\ Ef *./' [\ cX :kX% :k\% Ef% *')()',/'+ g\ik\e\Z`\ek\ X =<IE8E;<Q J8CM8;FI C<FE#=I8E:@J:F$[\c9XeZf G`Z_`eZ_X% Hl`\e k\e^X [\i\$ Z_f[\Y\i}i\ZcXdXi[\ekif[\ cfj -'  [Â&#x2C6;Xj  gfjk\i`fi\j X cX Â&#x2019;ck`dXglYc`ZXZ`Â?e% 8:&+ d^ 444444 HL<;88ELC8;F Gfi  IF9F  [\c :_\hl\ Ef +)'(Xc+*''[\cX:kX%:k\% Ef%*'+(0.+0'+g\ik\e\Z`\ek\ X ?<II<I8 >LQD8E# C@;8$ M@:KFI@8[\c9XeZfG`Z_`eZ_X% Hl`\e k\e^X [\i\Z_f [\Y\i} i\ZcXdXi [\ekif [\ cfj -' [Â&#x2C6;Xj  gfjk\i`fi\j X cX Â&#x2019;ck`dX glYc`ZXZ`Â?e% 8:&, d^ 444444 HL<;88ELC8;F Gfi  IF9F  [\c :_\hl\ Ef (-+) [\ cX :kX% :k\% Ef% *).(+,,0'+ g\ik\e\Z`\ek\ X :8C;8J<EI@HL<Q#8E;I<J$ IF;I@>F[\c9XeZfG`Z_`eZ_X% Hl`\e k\e^X [\i\Z_f [\Y\i} i\ZcXdXi [\ekif [\ cfj -' [Â&#x2C6;Xj  gfjk\i`fi\j X cX Â&#x2019;ck`dX glYc`ZXZ`Â?e% 8:&- d^

JeZeibei^ecXh[iiediWX_ei1 kdeiWdj[i"beiejhei"Z[ifkÂ&#x192;i$ FHEL;H8?E9>?DE

444444 HL<;88ELC8;F GfiIF9F[\c:_\hl\Ef)*. mXcfi *'#''  [\ cX :kX% :k\% Ef%*+0)+)00'+g\ik\e\Z`\ek\ X HL<C8C EF>L<I8#F;@C8$ D8I@E8[\c9XeZfG`Z_`eZ_X% Hl`\e k\e^X [\i\Z_f [\Y\i} i\ZcXdXi [\ekif [\ cfj -' [Â&#x2C6;Xj  gfjk\i`fi\j X cX Â&#x2019;ck`dX glYc`ZXZ`Â?e% 8:&. d^ 444444 HL<;88ELC8;F GfiIF9F[\c:_\hl\Ef(')) mXcfi)%'(,#''[\cX:kX%:k\% Ef%*+,/,-/-'+g\ik\e\Z`\e$ k\XK<:?EFGIFA<:KJ%8%[\c 9XeZfG`Z_`eZ_X%Hl`\ek\e^X [\i\Z_f[\Y\i}i\ZcXdXi[\e$ kif[\cfj-'[Â&#x2C6;Xjgfjk\i`fi\j XcXÂ&#x2019;ck`dXglYc`ZXZ`Â?e% 8:&/ d^ 444444 HL<;88ELC8;F Gfi  G<I;@;8  [\c :_\hl\ Ef )*, mXcfi ),'#''  [\ cX :kX% :k\% Ef% *,'+((./'+ g\ik\e\Z`\ek\ X IL8C<J J8C>8;F#<;>8I;$D@C8E[\c 9XeZfG`Z_`eZ_X%Hl`\ek\e^X [\i\Z_f[\Y\i}i\ZcXdXi[\e$ kif[\cfj-'[Â&#x2C6;Xjgfjk\i`fi\j XcXÂ&#x2019;ck`dXglYc`ZXZ`Â?e% 8:&0 d^ 444444 HL<;88ELC8;F Gfi  G<I;@;8  [\c :_\hl\ Ef )''- Xc )'*'  [\ cX :kX% :k\%Ef%*),-,*-0'+g\ik\e\$ Z`\ek\X:8DGFM<I;<LQ?F# =I8E:@8$D<I:<;<J [\c 9XeZfG`Z_`eZ_X%Hl`\ek\e^X [\i\Z_f[\Y\i}i\ZcXdXi[\e$ kif[\cfj-'[Â&#x2C6;Xjgfjk\i`fi\j XcXÂ&#x2019;ck`dXglYc`ZXZ`Â?e% 8:&(' d^ 444444 HL<;88ELC8;F Gfi  G<I;@;8  [\c :_\hl\ Ef.0(Xc/,'[\cX:kX%:k\% Ef%*'0/0().'+g\ik\e\Z`\e$ k\ X HL@J?G< :LE8C8K8# <;L8I;F$AFJ< [\c 9XeZf G`Z_`eZ_X% Hl`\e k\e^X [\i\$ Z_f[\Y\i}i\ZcXdXi[\ekif[\ cfj -'  [Â&#x2C6;Xj  gfjk\i`fi\j X cX Â&#x2019;ck`dXglYc`ZXZ`Â?e% 8:&(( d^ 444444 HL<;88ELC8;F Gfi  IF9F  [\c :_\hl\ Ef% ('+$('.$((($((/$((0$()*$()0$ (+/$(,($(,)$(,*$(,-$(,.$(,0 [\cX:kX%:k\%Ef%*+/'(+-.'+ g\ik\e\Z`\ek\ X ?<II<I8 DFC@E8#:?I@JK@8E$G8LC[\c 9XeZfG`Z_`eZ_X%Hl`\ek\e^X [\i\Z_f[\Y\i}i\ZcXdXi[\e$ kif[\cfj-'[Â&#x2C6;Xjgfjk\i`fi\j XcXÂ&#x2019;ck`dXglYc`ZXZ`Â?e% 8:&() d^ 444444 HL<;88ELC8;F GfiG<I;@;8[\c:_\hl\Ef )+0'mXcfi,''#''[\cX:kX% :k\%Ef%**0+.,-/'+g\ik\e\$ Z`\ek\ X Q8G8K8 >L8IE@QF# J8E;I8$D8I>FK?[\c9XeZf G`Z_`eZ_X% Hl`\e k\e^X [\i\$ Z_f[\Y\i}i\ZcXdXi[\ekif[\ cfj -'  [Â&#x2C6;Xj  gfjk\i`fi\j X cX Â&#x2019;ck`dXglYc`ZXZ`Â?e% 8:&(* d^ 444444 HL<;88ELC8;F Gfi  G<I;@;8  [\c :_\hl\ Ef )+- [\ cX :kX% :k\% Ef% *+/',0/+'+ g\ik\e\Z`\ek\ X M<C<Q E@<M<#:8ICFJ$ @JD8<C [\c 9XeZf G`Z_`eZ_X% Hl`\e k\e^X [\i\Z_f [\Y\i} i\ZcXdXi [\ekif [\ cfj -' [Â&#x2C6;Xj  gfjk\i`fi\j X cX Â&#x2019;ck`dX glYc`ZXZ`Â?e% 8:&(+ d^ 444444 HL<;88ELC8;F Gfi  G<I;@;8  [\c :_\hl\ Ef )-)' [\ cX :kX% :k\% Ef% **0*(-)('+ g\ik\e\Z`\ek\ X :?@D9F # ?<:KFI$:8ICFJ [\c 9XeZf G`Z_`eZ_X% Hl`\e k\e^X[\i\Z_f[\Y\i}i\ZcXdXi [\ekif[\cfj-'[Â&#x2C6;Xjgfjk\i`f$ i\jXcXÂ&#x2019;ck`dXglYc`ZXZ`Â?e%

8:&(, d^ 444444 HL<;88ELC8;F GfiIF9F[\c:_\hl\Ef%,-+$ ,-.$,-/$,.'$,.-Xc,/'[\cX :kX%:k\%Ef%*)/(0*,)'+g\i$ k\e\Z`\ek\ X G8L:8I K8@G<# AL8E$:8ICFJ [\c 9XeZf G`Z_`eZ_X% Hl`\e k\e^X [\i\$ Z_f[\Y\i}i\ZcXdXi[\ekif[\ cfj -'  [Â&#x2C6;Xj  gfjk\i`fi\j X cX Â&#x2019;ck`dXglYc`ZXZ`Â?e% 8:&(- d^ 444444 HL<;88ELC8;F GfiIF9F[\c:_\hl\Ef.+) [\cX:kX%:k\%Ef%*+((*/.+'+ g\ik\e\Z`\ek\XFCD<;F;@<Q# E<CJFE$I@:8I;F [\c 9XeZf G`Z_`eZ_X% Hl`\e k\e^X [\i\$ Z_f[\Y\i}i\ZcXdXi[\ekif[\ cfj -'  [Â&#x2C6;Xj  gfjk\i`fi\j X cX Â&#x2019;ck`dXglYc`ZXZ`Â?e% 8:&(. d^ 444444 HL<;88ELC8;F Gfi  IF9F  [\c :_\hl\ Ef ,,(Xc-,'[\cX:kX%:k\%Ef% *')-,)-/'+ g\ik\e\Z`\ek\ X 9<A8I JL8I<Q# <C@Q89<K?$ C@E;8 [\c 9XeZf G`Z_`eZ_X% Hl`\e k\e^X [\i\Z_f [\Y\i} i\ZcXdXi [\ekif [\ cfj -' [Â&#x2C6;Xj  gfjk\i`fi\j X cX Â&#x2019;ck`dX glYc`ZXZ`Â?e% 8:&(/ d^ 444444 HL<;88ELC8;F Gfi  IF9F  [\c :_\hl\ Ef +,)/Xc+,)0[\cX:kX%:k\% Ef%*')++.+,'+g\ik\e\Z`\ek\ XA<I@8E<@I8#CL@J$8C=FEJF [\c 9XeZf G`Z_`eZ_X% Hl`\e k\e^X[\i\Z_f[\Y\i}i\ZcXdXi [\ekif[\cfj-'[Â&#x2C6;Xjgfjk\i`f$ i\jXcXÂ&#x2019;ck`dXglYc`ZXZ`Â?e% 8:&(0 d^ 444444 HL<;88ELC8;F Gfi  G<I;@;8  [\c :_\hl\ Ef ((,, [\ cX :kX% :k\% Ef% *'.--)/)'+ g\ik\e\Z`\ek\ X KFII<J DLEFQ# :I@JK@8E$ 8E;I<J[\c9XeZfG`Z_`eZ_X% Hl`\e k\e^X [\i\Z_f [\Y\i} i\ZcXdXi [\ekif [\ cfj -' [Â&#x2C6;Xj  gfjk\i`fi\j X cX Â&#x2019;ck`dX glYc`ZXZ`Â?e% 8:&)' d^ 444444 HL<;88ELC8;F Gfi  G<I;@;8  [\c :_\hl\ Ef )+,' [\ cX :kX% :k\% Ef% *)(-+0/0'+ g\ik\$ e\Z`\ek\ X :FCC8>L8QF M<C8JK<>L@#N8J?@E>KFE$ [\c 9XeZf G`Z_`eZ_X% Hl`\e k\e^X[\i\Z_f[\Y\i}i\ZcXdXi [\ekif[\cfj-'[Â&#x2C6;Xjgfjk\i`f$ i\jXcXÂ&#x2019;ck`dXglYc`ZXZ`Â?e% 8:&)( d^ 444444 HL<;88ELC8;F Gfi  G<I;@;8  [\c :_\hl\ Ef ((0, [\ cX :kX% :k\% Ef% **-0**')'+ g\ik\e\Z`\e$ k\ X :?@C@HL@E>8 CC@M<# <;N@E$><I8I;F [\c 9XeZf G`Z_`eZ_X% Hl`\e k\e^X [\i\$ Z_f[\Y\i}i\ZcXdXi[\ekif[\ cfj -'  [Â&#x2C6;Xj  gfjk\i`fi\j X cX Â&#x2019;ck`dXglYc`ZXZ`Â?e% 8:&)) d^ 444444 HL<;88ELC8;F Gfi  G<I;@;8  [\c :_\hl\ Ef ((0/ [\ cX :kX% :k\% Ef% **-0**')'+ g\ik\e\Z`\e$ k\ X :?@C@HL@E>8 CC@M<# <;N@E$><I8I;F [\c 9XeZf G`Z_`eZ_X% Hl`\e k\e^X [\i\$ Z_f[\Y\i}i\ZcXdXi[\ekif[\ cfj -'  [Â&#x2C6;Xj  gfjk\i`fi\j X cX Â&#x2019;ck`dXglYc`ZXZ`Â?e% 8:&)* d^ 444444 HL<;88ELC8;F GfiG<I;@;8[\c:_\hl\Ef ()-) Xc ()-*  [\ cX :kX% :k\% Ef% *).)-)'*'+ g\ik\e\$ Z`\ek\ X D8:8J :8E@Q8I<J# ><FM8EEP$<;N@E[\c9XeZf G`Z_`eZ_X% Hl`\e k\e^X [\i\$ Z_f[\Y\i}i\ZcXdXi[\ekif[\ cfj -'  [Â&#x2C6;Xj  gfjk\i`fi\j X cX Â&#x2019;ck`dXglYc`ZXZ`Â?e%

8:&)+ d^ 444444 HL<;88ELC8;F Gfi  G<I;@;8  [\c :_\hl\ Ef (00/ [\ cX :kX% :k\% Ef% *')/+-'0'+ g\ik\e\Z`\ek\ X DFEK<IF M@K<I@#G<;IF$ G89CF [\c 9XeZf G`Z_`eZ_X% Hl`\e k\e^X [\i\Z_f [\Y\i} i\ZcXdXi [\ekif [\ cfj -' [Â&#x2C6;Xj  gfjk\i`fi\j X cX Â&#x2019;ck`dX glYc`ZXZ`Â?e% 8:&), d^ 444444 HL<;88ELC8;F Gfi  G<I;@;8  [\c :_\hl\ Ef(.0-(mXcfi0*0#0)[\cX :kX%:k\%Ef%*(-('*(.'+g\i$ k\e\Z`\ek\ X :FFG<I8K@M8 898:8 ;<C <:L8;FI [\c 9XeZfG`Z_`eZ_X%Hl`\ek\e^X [\i\Z_f[\Y\i}i\ZcXdXi[\e$ kif[\cfj-'[Â&#x2C6;Xjgfjk\i`fi\j XcXÂ&#x2019;ck`dXglYc`ZXZ`Â?e% 8:&)- d^ 444444 HL<;88ELC8;F Gfi  IF9F  [\c :_\hl\ Ef *.'+   [\ cX :kX% :k\% Ef% **/,(0.''+ g\ik\e\Z`\ek\ X ;@JKI@9L@;FI8 =:% =<@AFF

:8DGFM<I;<:@8%[\c9XeZf G`Z_`eZ_X% Hl`\e k\e^X [\i\$ Z_f[\Y\i}i\ZcXdXi[\ekif[\ cfj -'  [Â&#x2C6;Xj  gfjk\i`fi\j X cX Â&#x2019;ck`dXglYc`ZXZ`Â?e% 8:&). d^ 444444 HL<;88ELC8;F GfiIF9F[\c:_\hl\Ef(',, [\cX:kX%:k\%Ef%*)-)*'/0'+ g\ik\e\Z`\ek\ X <JG@E G<E8#N@CC@8E$><FM8EEP [\c 9XeZf G`Z_`eZ_X% Hl`\e k\e^X[\i\Z_f[\Y\i}i\ZcXdXi [\ekif[\cfj-'[Â&#x2C6;Xjgfjk\i`f$ i\jXcXÂ&#x2019;ck`dXglYc`ZXZ`Â?e% 8:&)/ d^ 444444 HL<;88ELC8;F Gfi  IF9F  [\c :_\hl\ Ef ('+*mXcfi)()#''[\cX:kX% :k\%Ef%*',...)('+g\ik\e\$ Z`\ek\ X G8K8IFE 8CLC<D8# N8J?@E>KFE$<IE<JKF [\c 9XeZfG`Z_`eZ_X%Hl`\ek\e^X [\i\Z_f[\Y\i}i\ZcXdXi[\e$ kif[\cfj-'[Â&#x2C6;Xjgfjk\i`fi\j XcXÂ&#x2019;ck`dXglYc`ZXZ`Â?e% 8:&)0 d^ 444444 HL<;88ELC8;F

GfiIF9F[\c:_\hl\Ef(--( [\cX:kX%:k\%Ef%*+*0-)**'+ g\ik\e\Z`\ek\ X <JG@EFQ8 :@JE<IFJ#D8I@8$<C<E8 [\c 9XeZfG`Z_`eZ_X%Hl`\ek\e^X [\i\Z_f[\Y\i}i\ZcXdXi[\e$ kif[\cfj-'[Â&#x2C6;Xjgfjk\i`fi\j XcXÂ&#x2019;ck`dXglYc`ZXZ`Â?e% 8:&*' d^ 444444 HL<;88ELC8;F GfiG<I;@;8[\c:_\hl\Ef )'(/mXcfi(0-#/*[\cX:kX% :k\%Ef%*)-++/-*'+g\ik\e\$ Z`\ek\X<D;@HL@E<DGI<J8 ;< ;@CLP<EK<J P HL@D@:F [\c 9XeZf G`Z_`eZ_X% Hl`\e k\e^X[\i\Z_f[\Y\i}i\ZcXdXi [\ekif[\cfj-'[Â&#x2C6;Xjgfjk\i`f$ i\jXcXÂ&#x2019;ck`dXglYc`ZXZ`Â?e% 8:&*( d^ 444444 HL<;88ELC8;F GfiIF9F[\c:_\hl\Ef(--) [\cX:kX%:k\%Ef%*+*0-)**'+ g\ik\e\Z`\ek\ X <JG@EFQ8 :@JE<IFJ#D8I@8$<C<E8 [\c 9XeZfG`Z_`eZ_X%Hl`\ek\e^X [\i\Z_f[\Y\i}i\ZcXdXi[\e$ kif[\cfj-'[Â&#x2C6;Xjgfjk\i`fi\j XcXÂ&#x2019;ck`dXglYc`ZXZ`Â?e%

REPUBLICA DEL ECUADOR SUPERINTENDENCIA DE COMPAĂ&#x2018;IAS

EXTRACTO DE LA ESCRITURA PĂ&#x161;BLICA DE CAMBIO DE DOMICILIO DEL DISTRITO METROPOLITANO DE QUITO A LA CIUDAD DE IBARRA Y LA REFORMA DE ESTATUTOS DE LA COMPAĂ&#x2018;Ă?A VALSOLAR ECUADOR S.A. 1. ANTECEDENTES.- La compaùía VALSOLAR ECUADOR S.A. se constituyĂł mediante escritura pĂşblica otorgada ante el Notario 3 QUITO, el 1/3/2011, aprobada mediante ResoluciĂłn No. 1267 de 18/04/2011, e inscrita en el Registro Mercantil QUITO el 23/3/2011. 2. CELEBRACIĂ&#x201C;N Y APROBACIĂ&#x201C;N.- La escritura pĂşblica de cambio de domicilio del Distrito Metropolitano de Quito a la ciudad de IBARRA y la reforma de estatutos de la compaùía VALSOLAR ECUADOR S.A. otorgada el 21 de Octubre de 2011 ante el Notario Tercero del Distrito Metropolitano de Quito, actos societarios aprobados por la Superintendencia de CompaĂąias, mediante ResoluciĂłn No.SC.IJ. DJC.Q.12.000213 de 16 de enero de 2012. 3. OTORGANTE.- Comparece al otorgamiento de la escritura pĂşblica antes mencionada el seĂąor Richard CristĂłbal Guarderas Parat en su calidad de Gerente General, ecuatoriano, casado y domiciliado en la ciudad de Quito. 4. CAMBIO DE DOMICILIO, REFORMA DE ESTATUTOS Y PUBLICACIĂ&#x201C;N.- La Superintendencia de Compaùías mediante ResoluciĂłn No. SC.IJ.DJC.Q.12.000213 de 16 de enero de 2012 aprobĂł el cambio domicilio del Distrito Metropolitano de Quito a la ciudad de Ibarra y la reforma de estatuto de la compaùía VALSOLAR ECUADOR S.A. y ordenĂł la publicaciĂłn del extracto de la referida escritura pĂşblica, por tres dĂ­as consecutivos, para efectos de oposiciĂłn de terceros respecto al cambio de domicilio referido, seĂąalado en el Art. 33 de la Ley de CompaĂąias y Reglamento de OposiciĂłn, como acto previo a su inscripciĂłn. 5. AVISO PARA OPOSICIĂ&#x201C;N.- Se pone en conocimiento del pĂşblico el cambio de domicilio del Distrito Metropolitano de Quito a la ciudad de Ibarra de la compaùía VALSOLAR ECUADOR S.A. a fin de que quienes se creyeren con derecho a oponerse a su inscripciĂłn puedan presentar su peticiĂłn ante uno de los Jueces de lo Civil del domicilio principal de la compaĂąia, dentro de los seis dĂ­as contados desde la fecha de la Ăşltima publicaciĂłn de este extracto y ademĂĄs, pongan el particular en conocimiento de la Superintendencia de CompaĂąias. El Juez que reciba la oposiciĂłn o el accionante, notificarĂĄ o comunicarĂĄ segĂşn el caso, a esta Superintendencia, dentro del tĂŠrmino de dos dĂ­as siguientes a partir de dicha recepciĂłn, juntamente con el escrito de oposiciĂłn y providencia recaĂ­da sobre ella. Si no hubiere oposiciĂłn o no fuere notificada esta InstituciĂłn en la forma antes indicada, se procederĂĄ a la inscripciĂłn de la referida escritura pĂşblica de la mencionada compaĂąia y al cumplimiento de los demĂĄs requisitos legales. En virtud de la referida escritura pĂşblica se reforma el artĂ­culo segundo del estatuto social, el mismo que dirĂĄ: "ARTĂ?CULO SEGUNDO: DOMICILIO.- LA COMPAĂ&#x2018;Ă?A TENDRĂ SU DOMICILIO PRINCIPAL EN LA CIUDAD DE IBARRA, ...." D.M. Quito, 16 de enero de 2012. Dr. Oswaldo Noboa LeĂłn DIRECTOR JURĂ?DICO DE COMPAĂ&#x2018;Ă?AS AR/17943/cc


SUPERINTENDENCIA DE BANCOS Y SEGUROS DEL ECUADOR

Begk[iWX[cei[ikdW]ejWZ[W]kW1 begk[_]dehWcei[i[beYÂ&#x192;Wde$

RESOLUCIĂ&#x201C;N No. SBS-INSP-2012-003 RAĂ&#x161;L ALCĂ?VAR SEGARRA INTENDENTE NACIONAL DEL SISTEMA DE SEGURO PRIVADO

D ; M J E D " ? I 7 7 9 



CONSIDERANDO: QUE la compaùía â&#x20AC;&#x153;Inreaseg Intermediaria de Reaseguros CĂ­a. Ltda.â&#x20AC;?, se constituyĂł mediante escritura pĂşblica otorgada el 3 de septiembre de 1982 ante el Notario DĂŠcimo SĂŠptimo de cantĂłn Quito y legalmente inscrita en el Registro Mercantil del mismo cantĂłn, el 14 de octubre de 1982; QUE â&#x20AC;&#x153;Inreaseg Intermediaria de Reaseguros CĂ­a. Ltda.â&#x20AC;?, se transformĂł a Sociedad AnĂłnima, con escritura pĂşblica otorgada el 1 de julio de 1999, ante el Notario Primero del cantĂłn Quito e inscrita en el Registro Mercantil del mismo cantĂłn el 18 de agosto de 1999; QUE â&#x20AC;&#x153;Inreaseg Intermediaria de Reaseguros S.A.â&#x20AC;? cambiĂł la denominaciĂłn por la de â&#x20AC;&#x153;Aon Group Ecuador S.A. Intermediaria de Reasegurosâ&#x20AC;?, mediante escritura pĂşblica otorgada el 5 de abril de 2000, ante el Notario Primero del cantĂłn Quito e inscrita en el Registro Mercantil del mismo cantĂłn el 20 de junio de 2000, aprobado este Ăşltimo acto societario con resoluciĂłn No. SB-INS-2000-122 de 25 de abril de 2000, emitida por la Superintendencia de Bancos y Seguros; QUE esta Superintendencia de Bancos y Seguros otorgĂł la credencial No. 027 a favor de â&#x20AC;&#x153;Aon Group Ecuador S.A. Intermediaria de Reasegurosâ&#x20AC;?, el 21 de septiembre de 2000, y, con resoluciĂłn No. SBS-INSP-2010-179 de 29 de septiembre de 2010, revocĂł la autorizaciĂłn concedida a â&#x20AC;&#x153;Aon Group Ecuador S.A. Intermediaria de Reasegurosâ&#x20AC;?; QUE las juntas generales extraordinarias y universales de accionistas de â&#x20AC;&#x153;Aon Group Ecuador S.A. Intermediaria de Reasegurosâ&#x20AC;?, en sesiones celebradas el 17 de mayo y 2 de septiembre de 2011, respectivamente, resolvieron liquidar voluntariamente a la referida compaùía; QUE se ha remitido a este despacho los tres primeros testimonios de la escritura pĂşblica de disoluciĂłn, liquidaciĂłn y cancelaciĂłn de la compaùía â&#x20AC;&#x153;Aon Group Ecuador S.A. Intermediaria de Reasegurosâ&#x20AC;?, otorgada ante el doctor Jaime AndrĂŠs Acosta HolguĂ­n, Notario VigĂŠsimo Octavo del cantĂłn Quito, el 1 de julio de 2011; y, los tres primeros testimonios de la escritura pĂşblica rectificatoria de liquidaciĂłn voluntaria otorgada por â&#x20AC;&#x153;Aon Group Ecuador S.A. Intermediaria de Reasegurosâ&#x20AC;?, ante la doctora Paola Delgado Loor, Notaria VigĂŠsima Octava Suplente del cantĂłn Quito; QUE conforme a lo estipulado en el artĂ­culo 54 inciso segundo de la Ley General de Seguros, se ha comprobado que la entidad no se encuentra en ninguna de las causales de liquidaciĂłn forzosa de â&#x20AC;&#x153;Aon Group Ecuador S.A. Intermediaria de Reasegurosâ&#x20AC;?; QUE no se ha presentado a esta Superintendencia de Bancos y Seguros notificaciĂłn alguna de oposiciĂłn para que se declare e inscriba la liquidaciĂłn voluntaria de â&#x20AC;&#x153;Aon Group Ecuador S.A. Intermediaria de Reasegurosâ&#x20AC;?; QUE la SubdirecciĂłn Legal de esta Intendencia Nacional del Sistema de Seguro Privado, ha emitido informe favorable respecto al presente trĂĄmite, contenido en el memorando No. INSPSSL-2012-0013 de 6 de enero de 2012; y, EN ejercicio de las atribuciones delegadas por el seĂąor Superintendente de Bancos y Seguros, mediante resoluciĂłn No. ADM-2006-7617 de 16 de mayo del 2006, ratificadas con resoluciĂłn No. ADM-2011-10076 de 6 de enero de 2011, RESUELVE: ARTĂ?CULO 1.- DECLARAR en estado de liquidaciĂłn voluntaria a la compaùía â&#x20AC;&#x153;AON GROUP ECUADOR S.A. INTERMEDIARIA DE REASEGUROSâ&#x20AC;?, a partir de esta fecha. ARTĂ?CULO 2.- DISPONER la entrega inmediata a esta Superintendencia de Bancos y Seguros de los documentos originales, credencial y certificados de autorizaciĂłn por ramos. ARTĂ?CULO 3.- DISPONER que los representantes legales de â&#x20AC;&#x153;AON GROUP ECUADOR S.A. INTERMEDIARIA DE REASEGUROSâ&#x20AC;?, cesen en sus funciones y queden inhabilitados para la administraciĂłn de los bienes sociales de la compaùía e impedidos de contraer nuevas obligaciones. ARTĂ?CULO 4.- DISPONER que el Notario VigĂŠsimo Octavo del cantĂłn Quito, tome nota al margen de la escritura pĂşblica de disoluciĂłn, liquidaciĂłn y cancelaciĂłn de la compaùía â&#x20AC;&#x153;AON GROUP ECUADOR S.A. INTERMEDIARIA DE REASEGUROSâ&#x20AC;?, otorgada el 1 de julio de 2011; y, de la escritura pĂşblica rectificatoria de liquidaciĂłn voluntaria de la misma compaùía, otorgada el 2 de septiembre de 2011, en el sentido de que ĂŠsta ha sido declarada en estado de liquidaciĂłn voluntaria, mediante la presente resoluciĂłn y siente las razones correspondientes. ARTĂ?CULO 5.- DISPONER que el Notario DĂŠcimo SĂŠptimo del cantĂłn Quito, tome nota al margen de la matriz de la escritura pĂşblica de constituciĂłn de la compaùía â&#x20AC;&#x153;INREASEG INTERMEDIARIA DE REASEGUROS CĂ?A. LTDA.â&#x20AC;?, otorgada el 3 de septiembre de 1982, en el sentido de que ĂŠsta ha sido declarada en estado de liquidaciĂłn voluntaria, mediante la presente resoluciĂłn y siente las razones correspondientes. ARTĂ?CULO 6.- DISPONER que esta resoluciĂłn se publique en uno de los periĂłdicos de mayor circulaciĂłn de Quito, Distrito Metropolitano. ARTĂ?CULO 7.- DISPONER que el Registrador Mercantil del cantĂłn Quito, inscriba las escrituras pĂşblicas de disoluciĂłn, liquidaciĂłn y cancelaciĂłn de la compaùía â&#x20AC;&#x153;Aon Group Ecuador S.A. Intermediaria de Reasegurosâ&#x20AC;?; y, rectificatoria de liquidaciĂłn voluntaria de â&#x20AC;&#x153;Aon Group Ecuador S.A. Intermediaria de Reasegurosâ&#x20AC;? conjuntamente con la presente resoluciĂłn; tome nota de tal inscripciĂłn al margen de la constituciĂłn; y, cumpla con las demĂĄs prescripciones contenidas en la Ley de Registro. ARTĂ?CULO 8.- DISPONER que la liquidaciĂłn de la compaùía se ejecute con la intervenciĂłn del liquidador nombrado por la junta general de accionistas de â&#x20AC;&#x153;Aon Group Ecuador S.A. Intermediaria de Reasegurosâ&#x20AC;?, quien deberĂĄ elaborar los estados financieros con los anexos que contengan la descomposiciĂłn de cada una de las cuentas. ARTĂ?CULO 9.- DISPONER que el liquidador, en el tĂŠrmino de diez dĂ­as contados desde su aceptaciĂłn, inscriba su nombramiento en el Registro Mercantil del domicilio de la compaùía. ARTĂ?CULO 10.- DISPONER que durante el proceso de liquidaciĂłn, en todos los actos y contratos en los que intervenga la compaùía, se agreguen despuĂŠs de su nombre las palabras â&#x20AC;&#x153;EN LIQUIDACIĂ&#x201C;Nâ&#x20AC;?, previniĂŠndole al liquidador de las responsabilidades legales en caso de omisiĂłn. ARTĂ?CULO 11.- DISPONER que se remita copia de esta resoluciĂłn al Servicio de Rentas Internas, para los fines correspondientes. COMUNĂ?QUESE Y PUBLĂ?QUESE EN EL REGISTRO OFICIAL.- Dada en la Superintendencia de Bancos y Seguros, en Quito, Distrito Metropolitano, el nueve de enero de dos mil doce. Ab. RaĂşl AlcĂ­var Segarra INTENDENTE NACIONAL DEL SISTEMA DE SEGURO PRIVADO LO CERTIFICO.- Quito, Distrito Metropolitano, el nueve de enero de dos mil doce. Lcdo. Pablo Cobo Luna SECRETARIO GENERAL (E) AR/85206/cc

8:&*) d^ 444444 HL<;88ELC8;F GfiIF9F[\c:_\hl\Ef(-0* [\cX:kX%:k\%Ef%*+*0-)**'+ g\ik\e\Z`\ek\ X <JG@EFQ8 :@JE<IFJ#D8I@8$<C<E8 [\c 9XeZfG`Z_`eZ_X%Hl`\ek\e^X [\i\Z_f[\Y\i}i\ZcXdXi[\e$ kif[\cfj-'[Â&#x2C6;Xjgfjk\i`fi\j XcXÂ&#x2019;ck`dXglYc`ZXZ`Â?e% 8:&** d^ 444444 HL<;88ELC8;F Gfi  G<I;@;8  [\c :_\hl\ Ef (,(,0 [\ cX :kX% :k\% Ef% *''./0/0'+ g\ik\e\Z`\ek\ X :?<D8C@ A8:FD<#AL8E$ :8ICFJ[\c9XeZfG`Z_`eZ_X% Hl`\e k\e^X [\i\Z_f [\Y\i} i\ZcXdXi [\ekif [\ cfj -' [Â&#x2C6;Xj  gfjk\i`fi\j X cX Â&#x2019;ck`dX glYc`ZXZ`Â?e% 8:&*+ d^ 444444 HL<;88ELC8;F Gfi  G<I;@;8  [\c :_\hl\ Ef (//  [\ cX :kX% :k\% Ef% *+.(-*0.'+ g\ik\e\Z`\ek\ X M<C8J:FM@CC<>8J#D8I@CPE$ [\c 9XeZf G`Z_`eZ_X% Hl`\e k\e^X[\i\Z_f[\Y\i}i\ZcXdXi [\ekif[\cfj-'[Â&#x2C6;Xjgfjk\i`f$ i\jXcXÂ&#x2019;ck`dXglYc`ZXZ`Â?e% 8:&*, d^ 444444 HL<;88ELC8;F GfiG<I;@;8[\c:_\hl\Ef(/' [\cX:kX%:k\%Ef%*,'/0++('+ g\ik\e\Z`\ek\ X <JKI8;8 G<I>L<Q8#AF?8E8$@J89<C [\c 9XeZf G`Z_`eZ_X% Hl`\e k\e^X[\i\Z_f[\Y\i}i\ZcXdXi [\ekif[\cfj-'[Â&#x2C6;Xjgfjk\i`f$ i\jXcXÂ&#x2019;ck`dXglYc`ZXZ`Â?e% 8:&*- d^ 444444 HL<;88ELC8;F GfiG<I;@;8[\c:_\hl\Ef(-) [\cX:kX%:k\%Ef%*,'/0++('+ g\ik\e\Z`\ek\ X <JKI8;8 G<I>L<Q8#AF?8E8$@J89<C [\c 9XeZf G`Z_`eZ_X% Hl`\e k\e^X[\i\Z_f[\Y\i}i\ZcXdXi [\ekif[\cfj-'[Â&#x2C6;Xjgfjk\i`f$ i\jXcXÂ&#x2019;ck`dXglYc`ZXZ`Â?e% 8:&*. d^ 444444 HL<;88ELC8;F GfiG<I;@;8[\c:_\hl\Ef ((' mXcfi (''#''  [\ cX :kX% :k\% Ef% *+/.(0*+'+ g\ik\$ e\Z`\ek\X:?@:8@Q8>FD<Q# A8M@<I$J8EK@8>F [\c 9XeZf G`Z_`eZ_X%Hl`\ek\e^X[\i\Z_f [\Y\i}i\ZcXdXi[\ekif[\cfj -'[Â&#x2C6;Xjgfjk\i`fi\jXcXÂ&#x2019;ck`dX glYc`ZXZ`Â?e% 8:&*/ d^ 444444 HL<;88ELC8;F Gfi  G<I;@;8  [\c :_\hl\ Ef/).Xc/,-[\cX:kX%:k\% Ef% *),/,,,('+ g\ik\e\Z`\e$ k\ X 8CFD@8 >LK@<II<Q# N@C=I<;$8C<O8E;<I [\c 9XeZfG`Z_`eZ_X%Hl`\ek\e^X [\i\Z_f[\Y\i}i\ZcXdXi[\e$ kif[\cfj-'[Â&#x2C6;Xjgfjk\i`fi\j XcXÂ&#x2019;ck`dXglYc`ZXZ`Â?e% 8:&*0 d^ 444444 HL<;88ELC8;F Gfi  G<I;@;8  [\c :_\hl\ Ef/,.Xc/-'[\cX:kX%:k\% Ef% *),/,,,('+ g\ik\e\Z`\e$ k\ X 8CFD@8 >LK@<II<Q# N@C=I<;$8C<O8E;<I [\c 9XeZfG`Z_`eZ_X%Hl`\ek\e^X [\i\Z_f[\Y\i}i\ZcXdXi[\e$ kif[\cfj-'[Â&#x2C6;Xjgfjk\i`fi\j XcXÂ&#x2019;ck`dXglYc`ZXZ`Â?e% 8:&+' d^ 444444 HL<;88ELC8;F Gfi  G<I;@;8  [\c :_\hl\ Ef +.( mXcfi (%,*(#/(  [\ cX :kX% :k\% Ef% *+,)*/+/'+ g\ik\e\Z`\ek\XD8C;FE8;F 8M@C8#:8ICFJ$<IE<JKF [\c 9XeZfG`Z_`eZ_X%Hl`\ek\e^X [\i\Z_f[\Y\i}i\ZcXdXi[\e$ kif[\cfj-'[Â&#x2C6;Xjgfjk\i`fi\j XcXÂ&#x2019;ck`dXglYc`ZXZ`Â?e% 8:&+( d^ 444444

HL<;88ELC8;F GfiIF9F[\c:_\hl\Ef+*' [\cX:kX%:k\%Ef%*'-0(.+('+ g\ik\e\Z`\ek\ X :?8M<Q 9L@KIFE# :<J8I$M@I>@C@F [\c 9XeZf G`Z_`eZ_X% Hl`\e k\e^X[\i\Z_f[\Y\i}i\ZcXdXi [\ekif[\cfj-'[Â&#x2C6;Xjgfjk\i`f$ i\jXcXÂ&#x2019;ck`dXglYc`ZXZ`Â?e% 8:&+) d^ 444444 HL<;88ELC8;F Gfi  IF9F  [\c :_\hl\ Ef ),+(*mXcfi,')#+([\cX:kX% :k\%Ef%*'/.,)()'+g\ik\e\$ Z`\ek\X:P<;<:@8%CK;8%[\c 9XeZfG`Z_`eZ_X%Hl`\ek\e^X [\i\Z_f[\Y\i}i\ZcXdXi[\e$ kif[\cfj-'[Â&#x2C6;Xjgfjk\i`fi\j XcXÂ&#x2019;ck`dXglYc`ZXZ`Â?e% 8:&+* d^ 444444 HL<;88ELC8;F GfiG<I;@;8[\c:_\hl\Ef +.,)'( mXcfi )(-#''  [\ cX :kX%:k\%Ef%*'+((-.+'+g\i$ k\e\Z`\ek\ X D<;@:@E8 G8I8 <C <:L8;FI D<;@<:L8;FI ?LD [\c 9XeZf G`Z_`eZ_X% Hl`\e k\e^X [\i\Z_f [\Y\$ i} i\ZcXdXi [\ekif [\ cfj -' [Â&#x2C6;Xj  gfjk\i`fi\j X cX Â&#x2019;ck`dX glYc`ZXZ`Â?e% 8:&++ d^ 444444 HL<;88ELC8;F GfiIF9F[\c:_\hl\Ef)/)- mXcfi(-'#''[\cX:kX%:k\% Ef% *(0((.(*'+ g\ik\e\Z`\ek\ X GIFDLJ@: :@8%CK;8% [\c 9XeZfG`Z_`eZ_X%Hl`\ek\e^X [\i\Z_f[\Y\i}i\ZcXdXi[\e$ kif[\cfj-'[Â&#x2C6;Xjgfjk\i`fi\j XcXÂ&#x2019;ck`dXglYc`ZXZ`Â?e% 8:&+, d^ 444444 HL<;88ELC8;F Gfi  G<I;@;8  [\c :_\hl\ Ef (,0 mXcfi (%/''#'/  [\ cX :kX% :k\% Ef% *+0)/0(+'+ g\ik\e\Z`\ek\ X 8P8C8 8CD<@;8#>@EF$=89@8E [\c 9XeZfG`Z_`eZ_X%Hl`\ek\e^X [\i\Z_f[\Y\i}i\ZcXdXi[\e$ kif[\cfj-'[Â&#x2C6;Xjgfjk\i`fi\j XcXÂ&#x2019;ck`dXglYc`ZXZ`Â?e% 8:&+- d^ 444444 HL<;88ELC8;F Gfi  IF9F  [\c :_\hl\ Ef *('( Xc *)''  [\ cX :kX% :k\% Ef% *'++//.*'+ g\i$ k\e\Z`\ek\ X :8II8J:F ALI8;F#>LJK8MF$8EKFE@F [\c 9XeZf G`Z_`eZ_X% Hl`\e k\e^X[\i\Z_f[\Y\i}i\ZcXdXi [\ekif[\cfj-'[Â&#x2C6;Xjgfjk\i`f$ i\jXcXÂ&#x2019;ck`dXglYc`ZXZ`Â?e% 8:&+. d^ 444444 HL<;88ELC8;F GfiG<I;@;8[\c:_\hl\Ef //(Xc0+'[\cX:kX%:k\%Ef% *').--./'+ g\ik\e\Z`\ek\ X <JG@E C<@M8# D8I@8$<C<E8 [\c 9XeZf G`Z_`eZ_X% Hl`\e k\e^X[\i\Z_f[\Y\i}i\ZcXdXi [\ekif[\cfj-'[Â&#x2C6;Xjgfjk\i`f$ i\jXcXÂ&#x2019;ck`dXglYc`ZXZ`Â?e% 8:&+/ d^ 444444 HL<;88ELC8;F Gfi  G<I;@;8  [\c :_\hl\ Ef ).'0 [\ cX :kX% :k\% Ef% *'.*.(0.'+ g\ik\e\Z`\ek\ X :?@:F 98II8>8E#AF==I<$ >89I@<C[\c9XeZfG`Z_`eZ_X% Hl`\e k\e^X [\i\Z_f [\Y\i} i\ZcXdXi [\ekif [\ cfj -' [Â&#x2C6;Xj  gfjk\i`fi\j X cX Â&#x2019;ck`dX glYc`ZXZ`Â?e% 8:&+0 d^ 444444 HL<;88ELC8;F GfiIF9F[\c:_\hl\Ef,,+' mXcfi(%*/'#.,[\cX:kX%:k\% Ef%*')+*/)('+g\ik\e\Z`\ek\ X:F9FJJ8E:?<Q#DFE@:8$ CLG@K8 [\c 9XeZf G`Z_`eZ_X% Hl`\e k\e^X [\i\Z_f [\Y\i} i\ZcXdXi [\ekif [\ cfj -' [Â&#x2C6;Xj  gfjk\i`fi\j X cX Â&#x2019;ck`dX glYc`ZXZ`Â?e% 8:&,' d^ 444444 HL<;88ELC8;F

Gfi  IF9F  [\c :_\hl\ Ef ((+ mXcfi *-/#''  [\ cX :kX% :k\% Ef% *,'.--.''+ g\ik\$ e\Z`\ek\ X 8>I@9LJ@E<JJ <:L8;FI :@8% CK;8% [\c 9XeZfG`Z_`eZ_X%Hl`\ek\e^X [\i\Z_f[\Y\i}i\ZcXdXi[\e$ kif[\cfj-'[Â&#x2C6;Xjgfjk\i`fi\j XcXÂ&#x2019;ck`dXglYc`ZXZ`Â?e% 8:&,( d^ 444444 HL<;88ELC8;F Gfi  G<I;@;8  [\c :_\hl\ Ef )0+, [\ cX :kX% :k\% Ef% *'*+-,+('+ g\ik\e\Z`\e$ k\ X J<M@CC8 I<E;FE# FJ:8I$8ID8E;F [\c 9XeZf G`Z_`eZ_X%Hl`\ek\e^X[\i\Z_f [\Y\i}i\ZcXdXi[\ekif[\cfj -'[Â&#x2C6;Xjgfjk\i`fi\jXcXÂ&#x2019;ck`dX glYc`ZXZ`Â?e% 8:&,) d^ 444444 HL<;88ELC8;F Gfi  G<I;@;8  [\c :_\hl\ Ef *)+0 [\ cX :kX% :k\% Ef% *+*+++/,'+ g\ik\e\Z`\ek\ X PLE>8 IF;I@>L<Q#EFID8$ ;<C IF:@F [\c 9XeZf G`Z_`eZ_X%Hl`\ek\e^X[\i\Z_f [\Y\i}i\ZcXdXi[\ekif[\cfj -'[Â&#x2C6;Xjgfjk\i`fi\jXcXÂ&#x2019;ck`dX glYc`ZXZ`Â?e% 8:&,* d^ 444444 HL<;88ELC8;F Gfi  IF9F  [\c :_\hl\ Ef .'. Xc .*'  [\ cX :kX% :k\% Ef% **+0('-('+ g\ik\e\$ Z`\ek\ X 8:LI@F IFD<IF# D8I;FHL<F$=8LJKF [\c 9XeZfG`Z_`eZ_X%Hl`\ek\e^X [\i\Z_f[\Y\i}i\ZcXdXi[\e$ kif[\cfj-'[Â&#x2C6;Xjgfjk\i`fi\j XcXÂ&#x2019;ck`dXglYc`ZXZ`Â?e% 8:&,+ d^ 444444 HL<;88ELC8;F Gfi  G<I;@;8  [\c :_\hl\ Ef *),.  [\ cX :kX% :k\% Ef% *+*+++/,'+ g\ik\e\Z`\ek\ X PLE>8 IF;I@>L<Q#EFID8$ ;<C IF:@F [\c 9XeZf G`Z_`eZ_X%Hl`\ek\e^X[\i\Z_f [\Y\i}i\ZcXdXi[\ekif[\cfj -'[Â&#x2C6;Xjgfjk\i`fi\jXcXÂ&#x2019;ck`dX glYc`ZXZ`Â?e% 8:&,, d^ 444444 HL<;88ELC8;F Gfi  G<I;@;8  [\c :_\hl\ Ef *(., [\ cX :kX% :k\% Ef% *+*+++/,'+ g\ik\e\Z`\ek\ X PLE>8 IF;I@>L<Q#EFID8$ ;<C IF:@F [\c 9XeZf G`Z_`eZ_X%Hl`\ek\e^X[\i\Z_f [\Y\i}i\ZcXdXi[\ekif[\cfj -'[Â&#x2C6;Xjgfjk\i`fi\jXcXÂ&#x2019;ck`dX glYc`ZXZ`Â?e% 8:&,- d^ 444444 HL<;88ELC8;F Gfi  G<I;@;8  [\c :_\hl\ Ef **(( [\ cX :kX% :k\% Ef% *+*+++/,'+ g\ik\e\Z`\ek\ X PLE>8 IF;I@>L<Q#EFID8$ ;<C IF:@F [\c 9XeZf G`Z_`eZ_X%Hl`\ek\e^X[\i\Z_f [\Y\i}i\ZcXdXi[\ekif[\cfj -'[Â&#x2C6;Xjgfjk\i`fi\jXcXÂ&#x2019;ck`dX glYc`ZXZ`Â?e% 8:&,. d^ 444444 HL<;88ELC8;F Gfi  G<I;@;8  [\c :_\hl\ Ef *)'' [\ cX :kX% :k\% Ef% *+*+++/,'+ g\ik\e\Z`\ek\ X PLE>8 IF;I@>L<Q#EFID8$ ;<C IF:@F [\c 9XeZf G`Z_`eZ_X%Hl`\ek\e^X[\i\Z_f [\Y\i}i\ZcXdXi[\ekif[\cfj -'[Â&#x2C6;Xjgfjk\i`fi\jXcXÂ&#x2019;ck`dX glYc`ZXZ`Â?e% 8:&,/ d^ 444444 HL<;88ELC8;F Gfi  IF9F  [\c :_\hl\ Ef .', mXcfi )'#''  [\ cX :kX% :k\% Ef% **+0('-('+ g\ik\$ e\Z`\ek\ X 8:LI@F IFD<IF# D8I;FHL<F$=8LJKF [\c 9XeZfG`Z_`eZ_X%Hl`\ek\e^X [\i\Z_f[\Y\i}i\ZcXdXi[\e$ kif[\cfj-'[Â&#x2C6;Xjgfjk\i`fi\j XcXÂ&#x2019;ck`dXglYc`ZXZ`Â?e% 8:&,0 d^



COOPROGRESO ;\Y`[fXcXgÂ&#x201E;i[`[X[\cXC`Yi\kX [\8_fiifjEf'('(--0+-([\

 

  

g Ĺ? Ä&#x201A;Ä&#x2020;Ĺ?Ĺ?Ĺ?Ĺ?Ä&#x201A;Ä&#x20AC;Ä Ä&#x201A;

Ĺ?+.Ĺ? Ä&#x152;Ĺ? cX :ffg\iXk`mX [\ 8_fiif p :iÂ&#x201E;[`kf:ffgif^i\jfC`d`kX[X# g\ik\e\Z`\ek\X:?@G8EK8J@> :898J:8E>F D 8 I @ 8 9<8KI@Qj\gifZ\[\i}XXel$ cXicX%GXik`ZlcXihl\j\gfe\\e ZfefZ`d`\ekf[\cgÂ&#x2019;Yc`Zf#gXiX hl\hl`\ej\Zi\XZfe[\i\Z_fj jfYi\\cd\eZ`feX[f[fZld\e$ kfcfji\ZcXd\% 8:&(*,,+&(d^ 44444 ;\Y`[fXcXgÂ&#x201E;i[`[X[\cXC`Yi\kX [\8_fiifjEf')'(*'('+/p C`Yi\kX [\ 8gfikXZ`fe\j Ef% ('.)0-00+[\cX:ffg\iXk`mX[\ 8_fiifp:iÂ&#x201E;[`kf:ffgif^i\jf C`d`kX[X# g\ik\e\Z`\ek\ X CLD8z8 DFC@E8 8CM8IF CL@J j\ gifZ\[\i} X XelcXi$ cX% GXik`ZlcXi hl\ j\ gfe\ \e ZfefZ`d`\ekf[\cgÂ&#x2019;Yc`Zf#gXiX hl\hl`\ej\Zi\XZfe[\i\Z_fj jfYi\\cd\eZ`feX[f[fZld\e$ kfcfji\ZcXd\% 8:&(*,,,&)d^ 44444 ;\Y`[fXcXgÂ&#x201E;i[`[X[\cXC`Yi\kX [\ 8_fiifj Ef /(''')(*. p C`Yi\kX [\ 8gfikXZ`fe\j Ef% /.'''(.0- [\ cX :ffg\iXk`mX [\ 8_fiif p :iÂ&#x201E;[`kf :ffgif^i\jf C`d`kX[X# g\ik\$ e\Z`\ek\ X ;< A<JLJ 9FIA8 FD8I8E;I<Jj\gifZ\[\i}X XelcXicX%GXik`ZlcXihl\j\gfe\ \e ZfefZ`d`\ekf [\c gÂ&#x2019;Yc`Zf# gXiX hl\ hl`\e j\ Zi\X Zfe [\i\Z_fjjfYi\\cd\eZ`feX[f [fZld\ekfcfji\ZcXd\% 8:&(*,,-&*d^ 44444 ;\Y`[fXcXgÂ&#x201E;i[`[X[\cXC`Yi\kX [\ 8_fiifj Ef *'().0))( [\ cX :ffg\iXk`mX [\ 8_fiif p :iÂ&#x201E;[`kf:ffgif^i\jfC`d`kX[X# g\ik\e\Z`\ek\X:8JK<CC8EFJ DFC@E8:8ICFJ8C9<IKFj\ gifZ\[\i}XXelcXicX%GXik`ZlcXi hl\ j\ gfe\ \e ZfefZ`d`\ekf [\c gÂ&#x2019;Yc`Zf# gXiX hl\ hl`\e j\ Zi\X Zfe [\i\Z_fj jfYi\ \cd\eZ`feX[f[fZld\ekfcfj i\ZcXd\% 8:&(*,,.&+d^ 44444 ;\Y`[f X cX gÂ&#x201E;i[`[X [\ cX C`Yi\kX [\ 8_fiifj Ef ,'((-./'/ p C`Yi\kX [\ 8gfikXZ`fe\j Ef% ,'.',,--, [\cX:ffg\iXk`mX[\8_fiifp :iÂ&#x201E;[`kf:ffgif^i\jfC`d`kX[X# g\ik\e\Z`\ek\XLI<K8D<I8 N@CJFE 8EKFE@F j\ gifZ\$ [\i}XXelcXicX%GXik`ZlcXihl\ j\ gfe\ \e ZfefZ`d`\ekf [\c gÂ&#x2019;Yc`Zf#gXiXhl\hl`\ej\Zi\X Zfe[\i\Z_fjjfYi\\cd\eZ`f$ eX[f[fZld\ekfcfji\ZcXd\% 8:&(*,,/&,d^ 44444 ;\Y`[fXcXgÂ&#x201E;i[`[X[\cXC`Yi\kX [\ 8_fiifj Ef '(('',+0.( p C`Yi\kX [\ 8gfikXZ`fe\j Ef% '(.''+.))([\cX:ffg\iXk`mX [\8_fiifp:iÂ&#x201E;[`kf:ffgif^i\jf C`d`kX[X# g\ik\e\Z`\ek\ X >8IQFE >L<II<IF AL8E8 @J89<Cj\gifZ\[\i}XXelcXi$ cX% GXik`ZlcXi hl\ j\ gfe\ \e ZfefZ`d`\ekf[\cgÂ&#x2019;Yc`Zf#gXiX hl\hl`\ej\Zi\XZfe[\i\Z_fj jfYi\\cd\eZ`feX[f[fZld\e$ kfcfji\ZcXd\% 8:&(*,,0&-d^ 44444 ;\Y`[f X cX gÂ&#x201E;i[`[X [\ cX C`Yi\kX [\ 8_fiifj Ef '-'(),//(/ p C`Yi\kX [\ 8gfikXZ`fe\jEf%'-'.('+'-( [\cX:ffg\iXk`mX[\8_fiifp :iÂ&#x201E;[`kf:ffgif^i\jfC`d`kX[X# g\ik\e\Z`\ek\ X :?8M<Q <I8QF <;>8I G8KI@:@F j\ gifZ\[\i}XXelcXicX%GXik`ZlcXi hl\ j\ gfe\ \e ZfefZ`d`\ekf [\c gÂ&#x2019;Yc`Zf# gXiX hl\ hl`\e j\ Zi\X Zfe [\i\Z_fj jfYi\ \cd\eZ`feX[f[fZld\ekfcfj i\ZcXd\% 8:&(*,-'&.d^ 44444 ;\Y`[fXcXgÂ&#x201E;i[`[X[\cXC`Yi\kX [\8_fiifjEf'('(,/()-,[\ cX :ffg\iXk`mX [\ 8_fiif p :iÂ&#x201E;[`kf:ffgif^i\jfC`d`kX[X#

Ä Ä

g\ik\e\Z`\ek\ X M<IE8Q8 I8DFJPFC8E;8>L8;CLG< j\ gifZ\[\i} X XelcXicX% GXik`ZlcXi hl\ j\ gfe\ \e ZfefZ`d`\ekf[\cgÂ&#x2019;Yc`Zf#gXiX hl\hl`\ej\Zi\XZfe[\i\Z_fj jfYi\\cd\eZ`feX[f[fZld\e$ kfcfji\ZcXd\% 8:&(*,-(&/d^ 44444 ;\Y`[f X cX gÂ&#x201E;i[`[X [\  :<IK@=@:8;F ;G= '/(;G=''()/'/'  [\ cX :ffg\iXk`mX [\ 8_fiif p :iÂ&#x201E;[`kf:ffgif^i\jfC`d`kX[X# g\ik\e\Z`\ek\XIL@QI<8J:FJ J@CM@8 G8KI@:@8 j\ gifZ\[\$ i} X XelcXicX% GXik`ZlcXi hl\ j\ gfe\ \e ZfefZ`d`\ekf [\c gÂ&#x2019;Yc`Zf#gXiXhl\hl`\ej\Zi\X Zfe[\i\Z_fjjfYi\\cd\eZ`f$ eX[f[fZld\ekfcfji\ZcXd\% 8:&(*,-)&0d^ 44444 ;\Y`[fXcXgÂ&#x201E;i[`[X[\cXC`Yi\kX [\ 8_fiifj Ef (-'''')'0* [\cX:ffg\iXk`mX[\8_fiifp :iÂ&#x201E;[`kf:ffgif^i\jfC`d`kX[X# g\ik\e\Z`\ek\ X D<;@E8 :?8M<Q?@C9<IK8C9<IKFj\ gifZ\[\i}XXelcXicX%GXik`ZlcXi hl\ j\ gfe\ \e ZfefZ`d`\ekf [\c gÂ&#x2019;Yc`Zf# gXiX hl\ hl`\e j\ Zi\X Zfe [\i\Z_fj jfYi\ \cd\eZ`feX[f[fZld\ekfcfj i\ZcXd\% 8:&(*,-*&('d^ 44444 ;\Y`[f X cX gÂ&#x201E;i[`[X [\ 8gfikXZ`fe\jEf%'+.'',)+/* [\cX:ffg\iXk`mX[\8_fiifp :iÂ&#x201E;[`kf:ffgif^i\jfC`d`kX[X# g\ik\e\Z`\ek\ X :FC:?8 E8LC8 :<:@C@8 @J89<C j\ gifZ\[\i}XXelcXicX%GXik`ZlcXi hl\ j\ gfe\ \e ZfefZ`d`\ekf [\c gÂ&#x2019;Yc`Zf# gXiX hl\ hl`\e j\ Zi\X Zfe [\i\Z_fj jfYi\ \cd\eZ`feX[f[fZld\ekfcfj i\ZcXd\% 8:&(*,-+&((d^ 44444 ;\Y`[fXcXgÂ&#x201E;i[`[X[\cXC`Yi\kX [\ 8_fiifj Ef -(''*.+/- p C`Yi\kX [\ 8gfikXZ`fe\j Ef% +'-(.''*'.,' [\ cX :ffg\iXk`mX[\8_fiifp:iÂ&#x201E;[`kf :ffgif^i\jf C`d`kX[X# g\i$ k\e\Z`\ek\ X CFM8KF QLI@K8 G89CFj\gifZ\[\i}XXelcXi$ cX% GXik`ZlcXi hl\ j\ gfe\ \e ZfefZ`d`\ekf[\cgÂ&#x2019;Yc`Zf#gXiX hl\hl`\ej\Zi\XZfe[\i\Z_fj jfYi\\cd\eZ`feX[f[fZld\e$ kfcfji\ZcXd\% 8:&(*,-,&()d^ 44444 ;\Y`[fXcXgÂ&#x201E;i[`[X[\cXC`Yi\kX [\ 8_fiifj Ef (*('',)+0) p C`Yi\kX [\ 8gfikXZ`fe\j Ef% (*.''''+(([\cX:ffg\iXk`mX [\8_fiifp:iÂ&#x201E;[`kf:ffgif^i\jf C`d`kX[X# g\ik\e\Z`\ek\ X GIF8zF KLHL<II<J A8@D< <;L8I;Fj\gifZ\[\i}XXel$ cXicX%GXik`ZlcXihl\j\gfe\\e ZfefZ`d`\ekf[\cgÂ&#x2019;Yc`Zf#gXiX hl\hl`\ej\Zi\XZfe[\i\Z_fj jfYi\\cd\eZ`feX[f[fZld\e$ kfcfji\ZcXd\% 8:&(*,--&(*d^ 44444 ;\Y`[fXcXgÂ&#x201E;i[`[X[\cXC`Yi\kX [\8_fiifjEf'.(''+-0'0p C`Yi\kX [\ 8gfikXZ`fe\j Ef% '..''*)('+[\cX:ffg\iXk`mX [\8_fiifp:iÂ&#x201E;[`kf:ffgif^i\jf C`d`kX[X# g\ik\e\Z`\ek\ X CFFIQ8D9I8EFD8I@8;< CFJ8E><C<Jj\gifZ\[\i}X XelcXicX%GXik`ZlcXihl\j\gfe\ \e ZfefZ`d`\ekf [\c gÂ&#x2019;Yc`Zf# gXiX hl\ hl`\e j\ Zi\X Zfe [\i\Z_fjjfYi\\cd\eZ`feX[f [fZld\ekfcfji\ZcXd\% 8:&(*,-.&(+d^ 44444 ;\Y`[f X cX gÂ&#x201E;i[`[X [\ cX C`Yi\kX [\ 8_fiifj Ef ','(((*-*. p C`Yi\kX [\ 8gfikXZ`fe\jEf%',.''+.0)' [\cX:ffg\iXk`mX[\8_fiifp :iÂ&#x201E;[`kf:ffgif^i\jfC`d`kX[X# g\ik\e\Z`\ek\ X >8CC<>FJ D8IK@E<Q?FC><I8I@FJKF j\ gifZ\[\i} X XelcXicX%

Ĺ? Ĺ?

Ĺ? 


Ĺ? Ĺ?

Ĺ? 

 

  

Ä Ä&#x201A;

g Ĺ? Ä&#x201A;Ä&#x2020;Ĺ?Ĺ?Ĺ?Ĺ?Ä&#x201A;Ä&#x20AC;Ä Ä&#x201A;

Ĺ?+.Ĺ? Ä&#x152;Ĺ?

GXik`ZlcXi hl\ j\ gfe\ \e ZfefZ`d`\ekf[\cgÂ&#x2019;Yc`Zf#gXiX hl\hl`\ej\Zi\XZfe[\i\Z_fj jfYi\\cd\eZ`feX[f[fZld\e$ kfcfji\ZcXd\% 8:&(*,-/&(,d^ 44444 ;\Y`[fXcXgÂ&#x201E;i[`[X[\cXC`Yi\kX [\8_fiifjEf')'()0-+('[\ cX :ffg\iXk`mX [\ 8_fiif p :iÂ&#x201E;[`kf:ffgif^i\jfC`d`kX[X# g\ik\e\Z`\ek\ X G<z8=@<C GFQFIF9@EJFEC<F;8Ej\ gifZ\[\i}XXelcXicX%GXik`ZlcXi hl\ j\ gfe\ \e ZfefZ`d`\ekf [\c gÂ&#x2019;Yc`Zf# gXiX hl\ hl`\e j\ Zi\X Zfe [\i\Z_fj jfYi\ \cd\eZ`feX[f[fZld\ekfcfj i\ZcXd\% 8:&(*,*/&(d^ 44444 ;\Y`[fXcXgÂ&#x201E;i[`[X[\cXC`Yi\kX [\8_fiifjEf')'()-(/+([\ cX :ffg\iXk`mX [\ 8_fiif p :iÂ&#x201E;[`kf:ffgif^i\jfC`d`kX[X# g\ik\e\Z`\ek\ X :8II<I8 I<:8C;< A8@D< D8EL<C j\ gifZ\[\i}XXelcXicX%GXik`ZlcXi hl\ j\ gfe\ \e ZfefZ`d`\ekf [\c gÂ&#x2019;Yc`Zf# gXiX hl\ hl`\e j\ Zi\X Zfe [\i\Z_fj jfYi\ \cd\eZ`feX[f[fZld\ekfcfj i\ZcXd\% 8:&(*,*0&d^ 44444 ;\Y`[fXcXgÂ&#x201E;i[`[X[\cXC`Yi\kX [\ 8_fiifj Ef '+''''.+.0 [\cX:ffg\iXk`mX[\8_fiifp :iÂ&#x201E;[`kf:ffgif^i\jfC`d`kX[X# g\ik\e\Z`\ek\ X DFIF:?F ?L8J:F <CJ8 G8KI@:@8 j\ gifZ\[\i}XXelcXicX%GXik`ZlcXi hl\ j\ gfe\ \e ZfefZ`d`\ekf [\c gÂ&#x2019;Yc`Zf# gXiX hl\ hl`\e j\ Zi\X Zfe [\i\Z_fj jfYi\ \cd\eZ`feX[f[fZld\ekfcfj i\ZcXd\% 8:&(*,+'&d^ 44444 ;\Y`[f X cX gÂ&#x201E;i[`[X [\ cX C`Yi\kX [\ 8_fiifj Ef (''((,,.-/ p C`Yi\kX [\ 8gfikXZ`fe\jEf%'+.'(0+.'* [\cX:ffg\iXk`mX[\8_fiifp :iÂ&#x201E;[`kf:ffgif^i\jfC`d`kX[X# g\ik\e\Z`\ek\ X 8@D8:8z8 :8E;FD<I:<;<JIFJ8I@F ;<C88LIFI8j\gifZ\[\i}X XelcXicX%GXik`ZlcXihl\j\gfe\ \e ZfefZ`d`\ekf [\c gÂ&#x2019;Yc`Zf# gXiX hl\ hl`\e j\ Zi\X Zfe [\i\Z_fjjfYi\\cd\eZ`feX[f [fZld\ekfcfji\ZcXd\% 8:&(*,+(&d^ 44444 ;\Y`[fXcXgÂ&#x201E;i[`[X[\cXC`Yi\kX [\8_fiifjEf,''''0-(,[\ cX :ffg\iXk`mX [\ 8_fiif p :iÂ&#x201E;[`kf:ffgif^i\jfC`d`kX[X# g\ik\e\Z`\ek\XM8:8I<M<CF D<C8EP<JK<=8E@8j\gifZ\$ [\i}XXelcXicX%GXik`ZlcXihl\ j\ gfe\ \e ZfefZ`d`\ekf [\c gÂ&#x2019;Yc`Zf#gXiXhl\hl`\ej\Zi\X Zfe[\i\Z_fjjfYi\\cd\eZ`f$ eX[f[fZld\ekfcfji\ZcXd\% 8:&(*,+)&d^ 44444 ;\Y`[f X cX gÂ&#x201E;i[`[X [\ cX C`Yi\kX [\ 8_fiifj Ef '/'(*'..'( p C`Yi\kX [\ 8gfikXZ`fe\jEf%'/.'''0.0( [\cX:ffg\iXk`mX[\8_fiifp :iÂ&#x201E;[`kf:ffgif^i\jfC`d`kX[X# g\ik\e\Z`\ek\ X M@CC8:I<J =FEJ<:8 I8=8<C j\ gifZ\$ [\i}XXelcXicX%GXik`ZlcXihl\ j\ gfe\ \e ZfefZ`d`\ekf [\c gÂ&#x2019;Yc`Zf#gXiXhl\hl`\ej\Zi\X Zfe[\i\Z_fjjfYi\\cd\eZ`f$ eX[f[fZld\ekfcfji\ZcXd\% 8:&(*,+*&d^ 44444 ;\Y`[f X cX gÂ&#x201E;i[`[X [\ cX C`Yi\kX [\ 8_fiifj Ef '/'(**))(* p C`Yi\kX [\ 8gfikXZ`fe\jEf%'/'.(-*.,( [\cX:ffg\iXk`mX[\8_fiifp :iÂ&#x201E;[`kf:ffgif^i\jfC`d`kX[X# g\ik\e\Z`\ek\ X D<E;FQ8 =8I@E8E>F:8ICFJ@M8Ej\ gifZ\[\i}XXelcXicX%GXik`ZlcXi hl\ j\ gfe\ \e ZfefZ`d`\ekf [\c gÂ&#x2019;Yc`Zf# gXiX hl\ hl`\e j\ Zi\X Zfe [\i\Z_fj jfYi\ \cd\eZ`feX[f[fZld\ekfcfj i\ZcXd\%

8:&(*,++&d^ 44444 ;\Y`[fXcXgÂ&#x201E;i[`[X[\cXC`Yi\kX [\ 8_fiifj Ef '*(''.,,0(% [\ cX :ffg\iXk`mX [\ 8_fiif p :iÂ&#x201E;[`kf :ffgif^i\jf C`d`kX[X# g\ik\e\Z`\ek\ X KL=@zF :FCC8>L8QF AFJ< I@>F9<IKF j\ gifZ\[\i} X XelcXicX%GXik`ZlcXihl\j\gfe\ \e ZfefZ`d`\ekf [\c gÂ&#x2019;Yc`Zf# gXiX hl\ hl`\e j\ Zi\X Zfe [\i\Z_fjjfYi\\cd\eZ`feX[f [fZld\ekfcfji\ZcXd\% 8:&(*,+,&d^ 44444 ;\Y`[f X cX gÂ&#x201E;i[`[X [\ cX C`Yi\kX [\ 8_fiifj Ef '-'((/.-)' p C`Yi\kX [\ 8gfikXZ`fe\jEf%'-.''*)0+- [\cX:ffg\iXk`mX[\8_fiifp :iÂ&#x201E;[`kf:ffgif^i\jfC`d`kX[X# g\ik\e\Z`\ek\ X IF;I@>L<Q :<C@CL@JL98C;Fj\gifZ\$ [\i}XXelcXicX%GXik`ZlcXihl\ j\ gfe\ \e ZfefZ`d`\ekf [\c gÂ&#x2019;Yc`Zf#gXiXhl\hl`\ej\Zi\X Zfe[\i\Z_fjjfYi\\cd\eZ`f$ eX[f[fZld\ekfcfji\ZcXd\% 8:&(*,+-&d^ 44444 ;\Y`[fXcXgÂ&#x201E;i[`[X[\cXC`Yi\kX [\ 8_fiifj Ef '-(''.-/(( p C`Yi\kX [\ 8gfikXZ`fe\j Ef% '-.'',0.-([\cX:ffg\iXk`mX [\ 8_fiif p :iÂ&#x201E;[`kf :ffgif^i\jf C`d`kX[X# g\i$ k\e\Z`\ek\ X C<FE ;<C>8;F D8I@8 =<IE8E;8 j\ gifZ\$ [\i}XXelcXicX%GXik`ZlcXihl\ j\ gfe\ \e ZfefZ`d`\ekf [\c gÂ&#x2019;Yc`Zf#gXiXhl\hl`\ej\Zi\X Zfe[\i\Z_fjjfYi\\cd\eZ`f$ eX[f[fZld\ekfcfji\ZcXd\% 8:&(*,+.&d^ 44444 ;\Y`[fXcXgÂ&#x201E;i[`[X[\cXC`Yi\kX [\ 8_fiifj Ef '+'(,*((*- p C`Yi\kX [\ 8gfikXZ`fe\j Ef%  [\ cX :ffg\iXk`mX [\ 8_fiifp:iÂ&#x201E;[`kf:ffgif^i\jf C`d`kX[X# g\ik\e\Z`\ek\ X =@8CCFJ G<I8CK8 M@I>@E@8 ;<CKI8EJ@KFj\gifZ\[\i}X XelcXicX%GXik`ZlcXihl\j\gfe\ \e ZfefZ`d`\ekf [\c gÂ&#x2019;Yc`Zf# gXiX hl\ hl`\e j\ Zi\X Zfe [\i\Z_fjjfYi\\cd\eZ`feX[f [fZld\ekfcfji\ZcXd\% 8:&(*,+/&d^ 44444 ;\Y`[fXcXgÂ&#x201E;i[`[X[\cXC`Yi\kX [\ 8_fiifj Ef (''.'-0(,/ p C`Yi\kX [\ 8gfikXZ`fe\j Ef% +('(.''-/,/) [\ cX :ffg\iXk`mX[\8_fiifp:iÂ&#x201E;[`kf :ffgif^i\jf C`d`kX[X# g\ik\$ e\Z`\ek\XG8E<JJFFJG@EF AFJ<=<IE8E;Fj\gifZ\[\$ i} X XelcXicX% GXik`ZlcXi hl\ j\ gfe\ \e ZfefZ`d`\ekf [\c gÂ&#x2019;Yc`Zf#gXiXhl\hl`\ej\Zi\X Zfe[\i\Z_fjjfYi\\cd\eZ`f$ eX[f[fZld\ekfcfji\ZcXd\% 8:&(*,+0&()d^ 44444 ;\Y`[fXcXgÂ&#x201E;i[`[X[\cX:l\ekX Gif^i\jXi Fif ',/'''/.( [\ cX :ffg\iXk`mX [\ 8_fiif p :iÂ&#x201E;[`kf:ffgif^i\jfC`d`kX[X# g\ik\e\Z`\ek\XCCLD@HL@E>8 :L8I8ED8I@8D8IK?8j\ gifZ\[\i}XXelcXicX%GXik`ZlcXi hl\ j\ gfe\ \e ZfefZ`d`\ekf [\c gÂ&#x2019;Yc`Zf# gXiX hl\ hl`\e j\ Zi\X Zfe [\i\Z_fj jfYi\ \cd\eZ`feX[f[fZld\ekfcfj i\ZcXd\% 8:&(*,*'&(d^ 44444 ;\Y`[fXcXgÂ&#x201E;i[`[X[\cXC`Yi\kX [\ 8_fiifj Ef (''((,+),+ p C`Yi\kX [\ 8gfikXZ`fe\j Ef% +('(.''-'),) [\ cX :ffg\iXk`mX[\8_fiifp:iÂ&#x201E;[`kf :ffgif^i\jf C`d`kX[X# g\ik\$ e\Z`\ek\ X HL@E8L:?F Fz8 FJ:8IA<FM8EEPj\gifZ\$ [\i}XXelcXicX%GXik`ZlcXihl\ j\ gfe\ \e ZfefZ`d`\ekf [\c gÂ&#x2019;Yc`Zf#gXiXhl\hl`\ej\Zi\X Zfe[\i\Z_fjjfYi\\cd\eZ`f$ eX[f[fZld\ekfcfji\ZcXd\% 8:&(*,*(&)d^ 44444 ;\Y`[fXcXgÂ&#x201E;i[`[X[\cXC`Yi\kX [\8_fiifjEf(('((*./)-[\

   Ĺ? 

cX :ffg\iXk`mX [\ 8_fiif p :iÂ&#x201E;[`kf:ffgif^i\jfC`d`kX[X# g\ik\e\Z`\ek\XM8CC<JDLCCF ;FCFI<J @J89<C  j\ gifZ\$ [\i}XXelcXicX%GXik`ZlcXihl\ j\ gfe\ \e ZfefZ`d`\ekf [\c gÂ&#x2019;Yc`Zf#gXiXhl\hl`\ej\Zi\X Zfe[\i\Z_fjjfYi\\cd\eZ`f$ eX[f[fZld\ekfcfji\ZcXd\% 8:&(*,*)&*d^ 44444 ;\Y`[fXcXgÂ&#x201E;i[`[X[\cXC`Yi\kX [\8_fiifjEf(('''',.+,[\ cX :ffg\iXk`mX [\ 8_fiif p :iÂ&#x201E;[`kf:ffgif^i\jfC`d`kX[X# g\ik\e\Z`\ek\ X :?@:?8E;< > F I ; @ C CF  B 8K ? < I @ E < M8E<JJ8j\gifZ\[\i}XXel$ cXicX%GXik`ZlcXihl\j\gfe\\e ZfefZ`d`\ekf[\cgÂ&#x2019;Yc`Zf#gXiX hl\hl`\ej\Zi\XZfe[\i\Z_fj jfYi\\cd\eZ`feX[f[fZld\e$ kfcfji\ZcXd\% 8:&(*,**&+d^ 44444 ;\Y`[fXcXgÂ&#x201E;i[`[X[\cXC`Yi\kX [\ 8_fiifj Ef (+'(').'/) p C`Yi\kX [\ 8gfikXZ`fe\j Ef% (+'.'()+/-[\cX:ffg\iXk`mX [\ 8_fiif p :iÂ&#x201E;[`kf :ffgif^i\jf C`d`kX[X# g\ik\$ e\Z`\ek\X>L8D9FG8K8A8CF AFJ<KFD8Jj\gifZ\[\i}X XelcXicX%GXik`ZlcXihl\j\gfe\ \e ZfefZ`d`\ekf [\c gÂ&#x2019;Yc`Zf# gXiX hl\ hl`\e j\ Zi\X Zfe [\i\Z_fjjfYi\\cd\eZ`feX[f [fZld\ekfcfji\ZcXd\% 8:&(*,*+&,d^ 44444 ;\Y`[f X cX gÂ&#x201E;i[`[X [\ cX C`Yi\kX [\ 8_fiifj Ef '+(')-.,.0 p C`Yi\kX [\ 8gfikXZ`fe\jEf%'+.')'-.(0 [\cX:ffg\iXk`mX[\8_fiifp :iÂ&#x201E;[`kf:ffgif^i\jfC`d`kX[X# g\ik\e\Z`\ek\XHL@EK8E@CC8 M<>8 N@CC@8E A<FM8EP  j\ gifZ\[\i}XXelcXicX%GXik`ZlcXi hl\ j\ gfe\ \e ZfefZ`d`\ekf [\c gÂ&#x2019;Yc`Zf# gXiX hl\ hl`\e j\ Zi\X Zfe [\i\Z_fj jfYi\ \cd\eZ`feX[f[fZld\ekfcfj i\ZcXd\% 8:&(*,*,&-d^

BANCO BOLIVARIANO J\ Zfdle`ZX Xc gÂ&#x2019;Yc`Zf# cX Fgfj`Z`Â?e Xc gX^f gfi g\i$ [`[X&JljkiXZZ`fe [\c Z_\$ hl\ Ef% ''(*  ^`iX[f Xc Ji&X G89CF J@JC<D8  gi\j\ekX$ [X gfi J<>LE;F G8I@:@F G<I<Q :8IM8A8C  ZkX% Zk\ Ef%$ (-(,''+0-/ J\ gi\m`\e\ hl\ZlXchl`\ii\ZcXdf[\Y\i} gi\j\ekXij\\e\cgcXqf[\-' [Â&#x2C6;XjXgXik`i[\cX]\Z_X[\\jk\ Xm`jf% 8:&(*,,'( d^ 44444444 J\Zfdle`ZXXcgÂ&#x2019;Yc`Zf#cXXel$ cXZ`Â?e gfi JLJKI8::@FE [\c Z_\hl\Ef%('.+#j`e]`idXpj`e mXcfi#gi\j\ekX[Xgfi\c^`iX[fi Ji%AFJ<G??8;N<?ZkX%:k\% Ef%,'.,''+*0( 8:&(*,,' D^ 44444444 J\Zfdle`ZXXcgÂ&#x2019;Yc`Zf#cXXel$ cXZ`Â?e gfi JLJKI8::@FE [\c Z_\hl\Ef%0/'#j`e]`idXpj`e mXcfi#gi\j\ekX[Xgfi\c^`iX[fi Ji%AFJ<G??8;N<?ZkX%:k\% Ef%,'.,''+*0( 8:&(*,,' D^ 44444444 J\Zfdle`ZXXcgÂ&#x2019;Yc`Zf#cXXel$ cXZ`Â?e gfi JLJKI8::@FE [\c Z_\hl\Ef%0/.#j`e]`idXpj`e mXcfi#gi\j\ekX[Xgfi\c^`iX[fi Ji%AFJ<G??8;N<?ZkX%:k\% Ef%,'.,''+*0( 8:&(*,,' D^ 44444444 J\Zfdle`ZXXcgÂ&#x2019;Yc`Zf#cXXel$ cXZ`Â?e gfi JLJKI8::@FE [\c Z_\hl\Ef%00(#j`e]`idXpj`e mXcfi#gi\j\ekX[Xgfi\c^`iX[fi Ji%AFJ<G??8;N<?ZkX%:k\% Ef%,'.,''+*0( 8:&(*,,' D^ 44444444 J\Zfdle`ZXXcgÂ&#x2019;Yc`Zf#cXXel$ cXZ`Â?e gfi JLJKI8::@FE [\c Z_\hl\Ef%00*#j`e]`idXpj`e mXcfi#gi\j\ekX[Xgfi\c^`iX[fi Ji%AFJ<G??8;N<?ZkX%:k\% Ef%,'.,''+*0( 8:&(*,,' D^ 44444444

;dfh_c[hbk]WhWYWX[ceiYed IÂ&#x152;YhWj[i"fehgk[oW[ijeo^WhjeZ[[ij[ _dl[djeZ[gk[deiWX[hdWZW[ikd i_]deZ[iWX_ZkhÂ&#x2021;W$ 7 I ? C E L " ? I 7 7 9  J\Zfdle`ZXXcgÂ&#x2019;Yc`Zf#cXXel$ cXZ`Â?e gfi JLJKI8::@FE [\c Z_\hl\Ef%('(*#j`e]`idXpj`e mXcfi#gi\j\ekX[Xgfi\c^`iX[fi Ji%AFJ<G??8;N<?ZkX%:k\% Ef%,'.,''+*0( 8:&(*,,' D^ 44444444 J\Zfdle`ZXXcgÂ&#x2019;Yc`Zf#cXXel$ cXZ`Â?e gfi JLJKI8::@FE [\c Z_\hl\Ef%('(,#j`e]`idXpj`e mXcfi#gi\j\ekX[Xgfi\c^`iX[fi Ji%AFJ<G??8;N<?ZkX%:k\% Ef%,'.,''+*0( 8:&(*,,' D^ 44444444 J\Zfdle`ZXXcgÂ&#x2019;Yc`Zf#cXXel$ cXZ`Â?e gfi JLJKI8::@FE [\c Z_\hl\Ef%(')*#j`e]`idXpj`e mXcfi#gi\j\ekX[Xgfi\c^`iX[fi Ji%AFJ<G??8;N<?ZkX%:k\% Ef%,'.,''+*0( 8:&(*,,' D^ 44444444 J\Zfdle`ZXXcgÂ&#x2019;Yc`Zf#cXXel$ cXZ`Â?e gfi JLJKI8::@FE [\c Z_\hl\Ef%('*.#j`e]`idXpj`e mXcfi#gi\j\ekX[Xgfi\c^`iX[fi Ji%AFJ<G??8;N<?ZkX%:k\% Ef%,'.,''+*0( 8:&(*,,' D^ 44444444 J\Zfdle`ZXXcgÂ&#x2019;Yc`Zf#cXXel$ cXZ`Â?e gfi JLJKI8::@FE [\c Z_\hl\Ef%(','#j`e]`idXpj`e mXcfi#gi\j\ekX[Xgfi\c^`iX[fi Ji%AFJ<G??8;N<?ZkX%:k\% Ef%,'.,''+*0( 8:&(*,,' D^ 44444444 J\Zfdle`ZXXcgÂ&#x2019;Yc`Zf#cXXel$ cXZ`Â?e gfi JLJKI8::@FE [\c Z_\hl\Ef%('--8C('-/#j`e ]`idXpj`emXcfi#gi\j\ekX[Xgfi \c^`iX[fiJi%AFJ<G??8;N<? ZkX%:k\%Ef%,'.,''+*0( 8:&(*,,' D^ 44444444 J\Zfdle`ZXXcgÂ&#x2019;Yc`Zf#cXXel$ cXZ`Â?e gfi JLJKI8::@FE [\c Z_\hl\Ef%('/.#j`e]`idXpj`e mXcfi#gi\j\ekX[Xgfi\c^`iX[fi Ji%AFJ<G??8;N<?ZkX%:k\% Ef%,'.,''+*0( 8:&(*,,' D^ 44444444 J\Zfdle`ZXXcgÂ&#x2019;Yc`Zf#cXXel$ cXZ`Â?e gfi JLJKI8::@FE [\c Z_\hl\Ef%('0(#j`e]`idXpj`e mXcfi#gi\j\ekX[Xgfi\c^`iX[fi Ji%AFJ<G??8;N<?ZkX%:k\% Ef%,'.,''+*0( 8:&(*,,' D^ 44444444 J\Zfdle`ZXXcgÂ&#x2019;Yc`Zf#cXXel$ cXZ`Â?e gfi JLJKI8::@FE [\c Z_\hl\Ef%(('.#j`e]`idXpj`e mXcfi#gi\j\ekX[Xgfi\c^`iX[fi Ji%AFJ<G??8;N<?ZkX%:k\% Ef%,'.,''+*0( 8:&(*,,' D^ 44444444 J\Zfdle`ZXXcgÂ&#x2019;Yc`Zf#cXXel$ cXZ`Â?e gfi JLJKI8::@FE [\c Z_\hl\Ef%(('0#j`e]`idXpj`e mXcfi#gi\j\ekX[Xgfi\c^`iX[fi Ji%AFJ<G??8;N<?ZkX%:k\% Ef%,'.,''+*0( 8:&(*,,' D^ 44444444 J\Zfdle`ZXXcgÂ&#x2019;Yc`Zf#cXXel$ cXZ`Â?e gfi JLJKI8::@FE [\c Z_\hl\Ef%((((_XjkX((()#j`e ]`idXpj`emXcfi#gi\j\ekX[Xgfi \c^`iX[fiJi%AFJ<G??8;N<? ZkX%:k\%Ef%,'.,''+*0( 8:&(*,,' D^ 44444444 J\Zfdle`ZXXcgÂ&#x2019;Yc`Zf#cXXel$ cXZ`Â?e gfi JLJKI8::@FE [\c Z_\hl\Ef%(((.#j`e]`idXpj`e mXcfi#gi\j\ekX[Xgfi\c^`iX[fi Ji%AFJ<G??8;N<?ZkX%:k\% Ef%,'.,''+*0( 8:&(*,,' D^ 44444444 J\Zfdle`ZXXcgÂ&#x2019;Yc`Zf#cXXel$ cXZ`Â?e gfi JLJKI8::@FE [\c Z_\hl\Ef%(()(#j`e]`idXpj`e mXcfi#gi\j\ekX[Xgfi\c^`iX[fi Ji%AFJ<G??8;N<?ZkX%:k\% Ef%,'.,''+*0( 8:&(*,,' D^ 44444444 J\Zfdle`ZXXcgÂ&#x2019;Yc`Zf#cXXel$ cXZ`Â?e gfi JLJKI8::@FE [\c

Z_\hl\Ef%('.+#j`e]`idXpj`e mXcfi#gi\j\ekX[Xgfi\c^`iX[fi Ji%AFJ<G??8;N<?ZkX%:k\% Ef%,'.,''+*0( 8:&(*,,' D^ 44444444 J\Zfdle`ZXXcgÂ&#x2019;Yc`Zf#cXXel$ cXZ`Â?e gfi JLJKI8::@FE [\c Z_\hl\Ef%((+'_XjkX((+)#j`e ]`idXpj`emXcfi#gi\j\ekX[Xgfi \c^`iX[fiJi%AFJ<G??8;N<? ZkX%:k\%Ef%,'.,''+*0( 8:&(*,,' D^ 44444444 J\Zfdle`ZXXcgÂ&#x2019;Yc`Zf#cXXel$ cXZ`Â?e gfi JLJKI8::@FE [\c Z_\hl\Ef%((+,_XjkX((+-j`e ]`idXpj`emXcfi#gi\j\ekX[Xgfi \c^`iX[fiJi%AFJ<G??8;N<? ZkX%:k\%Ef%,'.,''+*0( 8:&(*,,' D^ 44444444 J\Zfdle`ZXXcgÂ&#x2019;Yc`Zf#cXXel$ cXZ`Â?e gfi JLJKI8::@FE [\c Z_\hl\Ef%((+0j`e]`idXpj`e mXcfi#gi\j\ekX[Xgfi\c^`iX[fi Ji%AFJ<G??8;N<?ZkX%:k\% Ef%,'.,''+*0( 8:&(*,,' D^ 44444444 J\Zfdle`ZXXcgÂ&#x2019;Yc`Zf#cXXel$ cXZ`Â?e gfi JLJKI8::@FE [\c Z_\hl\Ef%((-(#j`e]`idXpj`e mXcfi#gi\j\ekX[Xgfi\c^`iX[fi Ji%AFJ<G??8;N<?ZkX%:k\% Ef%,'.,''+*0( 8:&(*,,' D^ 44444444 J\Zfdle`ZXXcgÂ&#x2019;Yc`Zf#cXXel$ cXZ`Â?e gfi JLJKI8::@FE [\c Z_\hl\Ef%((--#j`e]`idXpj`e mXcfi#gi\j\ekX[Xgfi\c^`iX[fi Ji%AFJ<G??8;N<?ZkX%:k\% Ef%,'.,''+*0( 8:&(*,,' D^ 44444444 J\Zfdle`ZXXcgÂ&#x2019;Yc`Zf#cXXel$ cXZ`Â?e gfi JLJKI8::@FE [\c Z_\hl\Ef%((-0_XjkX((.(#j`e ]`idXpj`emXcfi#gi\j\ekX[Xgfi \c^`iX[fiJi%AFJ<G??8;N<? ZkX%:k\%Ef%,'.,''+*0( 8:&(*,,' D^ 44444444 J\Zfdle`ZXXcgÂ&#x2019;Yc`Zf#cXXel$ cXZ`Â?e gfi JLJKI8::@FE [\c Z_\hl\Ef%((.-_XjkX((.0#j`e ]`idXpj`emXcfi#gi\j\ekX[Xgfi \c^`iX[fiJi%AFJ<G??8;N<? ZkX%:k\%Ef%,'.,''+*0( 8:&(*,,' D^ 44444444 J\Zfdle`ZXXcgÂ&#x2019;Yc`Zf#cXXel$ cXZ`Â?e gfi JLJKI8::@FE [\c Z_\hl\Ef%((/*_XjkX((/,#j`e ]`idXpj`emXcfi#gi\j\ekX[Xgfi \c^`iX[fiJi%AFJ<G??8;N<? ZkX%:k\%Ef%,'.,''+*0( 8:&(*,,' D^ 44444444 J\Zfdle`ZXXcgÂ&#x2019;Yc`Zf#cXXel$ cXZ`Â?e gfi JLJKI8::@FE [\c Z_\hl\Ef%((0'_XjkX()''#j`e ]`idXpj`emXcfi#gi\j\ekX[Xgfi \c^`iX[fiJi%AFJ<G??8;N<? ZkX%:k\%Ef%,'.,''+*0( 8:&(*,,' D^ 44444444 J\Zfdle`ZXXcgÂ&#x2019;Yc`Zf#cXXel$ cXZ`Â?e gfi JLJKI8::@FE [\c Z_\hl\Ef%('.-#j`e]`idXpj`e mXcfi#gi\j\ekX[Xgfi\c^`iX[fi Ji%AFJ<G??8;N<?ZkX%:k\% Ef%,'.,''+*0( 8:&(*,,' D^ 44444444 J\Zfdle`ZXXcgÂ&#x2019;Yc`Zf#cXXel$ cXZ`Â?e gfi JLJKI8::@FE [\c Z_\hl\Ef%(**,Xc(*.,#j`e ]`idX p j`e mXcfi# gi\j\ekX[X gfi \c ^`iX[fi Ji% ><FM8EE8 9LI>FJ   ZkX% :k\% Ef% ,',,''*'(( 8:&(*,,' D^

Ef% +('.(*)00 [\c 9XeZf @ek\ieXZ`feXc J%8%# j\ \jk} gifZ\[`\e[f X jl XelcXZ`Â?e% Hl`\e Zi\p\i\ k\e\i [\i\Z_f jfYi\\jkXc`Yi\kX#[\Y\i}gi\$ j\ekXi jl i\ZcXdf Xc 9XeZf# [\ekif[\cfj()[Â&#x2C6;Xj#ZfekX[fj [\j[\cXÂ&#x2019;ck`dXglYc`ZXZ`Â?e[\ \jk\Xm`jf% 8:&(*+.)( d^ 4444444 Gfi_XY\ij\g\i[`[fcXC`Yi\kX [\ 8_fiifj [\ cX Zl\ekX Ef% */'..**-) [\c 9XeZf @ek\ieXZ`feXc J%8%# j\ \jk} gifZ\[`\e[f X jl XelcXZ`Â?e% Hl`\e Zi\p\i\ k\e\i [\i\Z_f jfYi\\jkXc`Yi\kX#[\Y\i}gi\$ j\ekXi jl i\ZcXdf Xc 9XeZf# [\ekif[\cfj()[Â&#x2C6;Xj#ZfekX[fj [\j[\cXÂ&#x2019;ck`dXglYc`ZXZ`Â?e[\ \jk\Xm`jf% 8:&(*+.)) d^ 4444444 Gfi_XY\ij\g\i[`[fcXC`Yi\kX [\ 8_fiifj [\ cX Zl\ekX Ef% */'.(..(* [\c 9XeZf @ek\ieXZ`feXc J%8%# j\ \jk} gifZ\[`\e[f X jl XelcXZ`Â?e% Hl`\e Zi\p\i\ k\e\i [\i\Z_f jfYi\\jkXc`Yi\kX#[\Y\i}gi\$ j\ekXi jl i\ZcXdf Xc 9XeZf# [\ekif[\cfj()[Â&#x2C6;Xj#ZfekX[fj [\j[\cXÂ&#x2019;ck`dXglYc`ZXZ`Â?e[\ \jk\Xm`jf% 8:&(*+.)* d^ 4444444 Gfi_XY\ij\g\i[`[fcXC`Yi\kX [\ 8_fiifj [\ cX Zl\ekX Ef% (*/*/)([\c9XeZf@ek\ieXZ`feXc J%8%#j\\jk}gifZ\[`\e[fXjl XelcXZ`Â?e%Hl`\eZi\p\i\k\e\i [\i\Z_f jfYi\ \jkX c`Yi\kX# [\Y\i} gi\j\ekXi jl i\ZcXdf Xc9XeZf#[\ekif[\cfj()[Â&#x2C6;Xj# ZfekX[fj[\j[\cXÂ&#x2019;ck`dXglYc`$ ZXZ`Â?e[\\jk\Xm`jf% 8:&(*+.)+ d^ 4444444 Gfi_XY\ij\g\i[`[fcXC`Yi\kX [\ 8_fiifj [\ cX Zl\ekX Ef% */'.((+', [\c 9XeZf @ek\ieXZ`feXc J%8%# j\ \jk} gifZ\[`\e[f X jl XelcXZ`Â?e% Hl`\e Zi\p\i\ k\e\i [\i\Z_f jfYi\\jkXc`Yi\kX#[\Y\i}gi\$ j\ekXi jl i\ZcXdf Xc 9XeZf# [\ekif[\cfj()[Â&#x2C6;Xj#ZfekX[fj [\j[\cXÂ&#x2019;ck`dXglYc`ZXZ`Â?e[\ \jk\Xm`jf% 8:&(*+.), d^ 4444444 Gfi_XY\ij\g\i[`[fcXC`Yi\kX [\ 8_fiifj [\ cX Zl\ekX Ef% -+'.)0'(. [\c 9XeZf @ek\ieXZ`feXc J%8%# j\ \jk} gifZ\[`\e[f X jl XelcXZ`Â?e% Hl`\e Zi\p\i\ k\e\i [\i\Z_f jfYi\\jkXc`Yi\kX#[\Y\i}gi\$ j\ekXi jl i\ZcXdf Xc 9XeZf# [\ekif[\cfj()[Â&#x2C6;Xj#ZfekX[fj [\j[\cXÂ&#x2019;ck`dXglYc`ZXZ`Â?e[\ \jk\Xm`jf% 8:&(*+.)- d^ 4444444 Gfi_XY\ij\g\i[`[fcXC`Yi\kX [\ 8_fiifj [\ cX Zl\e$ kX Ef% )).,0), [\c 9XeZf @ek\ieXZ`feXc J%8%# j\ \jk} gifZ\[`\e[f X jl XelcXZ`Â?e% Hl`\e Zi\p\i\ k\e\i [\i\Z_f jfYi\\jkXc`Yi\kX#[\Y\i}gi\$ j\ekXi jl i\ZcXdf Xc 9XeZf# [\ekif[\cfj()[Â&#x2C6;Xj#ZfekX[fj [\j[\cXÂ&#x2019;ck`dXglYc`ZXZ`Â?e[\ \jk\Xm`jf% 8:&(*+.). d^ 4444444 Gfi_XY\ij\g\i[`[fcXC`Yi\kX [\ 8_fiifj [\ cX Zl\ekX Ef% +''.'/0*, [\c 9XeZf @ek\ieXZ`feXc J%8%# j\ \jk} gifZ\[`\e[f X jl XelcXZ`Â?e% Hl`\e Zi\p\i\ k\e\i [\i\Z_f jfYi\\jkXc`Yi\kX#[\Y\i}gi\$ j\ekXi jl i\ZcXdf Xc 9XeZf# [\ekif[\cfj()[Â&#x2C6;Xj#ZfekX[fj [\j[\cXÂ&#x2019;ck`dXglYc`ZXZ`Â?e[\ \jk\Xm`jf% 8:&(*+.)/ d^

BANCO PROCREDIT

BANCO INTERNACIONAL Gfi_XY\ij\g\i[`[fcXC`Yi\kX [\ 8_fiifj [\ cX Zl\ekX

9XeZfGifZi\[`k J%8% gfe\ \e ZfefZ`d`\ekf [\c gÂ&#x2019;Yc`Zf# cX XelcXZ`Â?e gfi gÂ&#x201E;i[`[X [\ cX c`Yi\kX[\X_fiifjEf%'*-+),/ Zl\ekX (0'('((-'/(.$, [\ K@G8EFIK@QCL@JFJN8C;F 8I&(.00/&ZZ 44444

98E:FGIF:I<;@KJ%8%gfe\ \e ZfefZ`d`\ekf [\c gÂ&#x2019;Yc`Zf# cXXelcXZ`Â?egfigÂ&#x201E;i[`[X[\cX c`Yi\kX[\X_fiifEf%',++,)( :kX (''('((-',00*# [\c j\Â&#x152;fi AX`d\ FjnXc[f :Xii\iX JXdg\[if#:%@%(.((*)//,+ 8I&(.000&ZZ 444444 98E:FGIF:I<;@KJ%8%gfe\ \e ZfefZ`d`\ekf [\c gÂ&#x2019;Yc`Zf# cXXelcXZ`Â?egfigÂ&#x201E;i[`[X[\cX c`Yi\kX[\X_fiifEf'+)'/+0 :kX'('('('+/'(*/#[\cj\Â&#x152;fi IXdfj:fii\XJ\^le[f>ljc\p# :%@%(.',/0../( 8I&(/'''&ZZ 444444 98E:FGIF:I<;@KJ%8%gfe\ \e ZfefZ`d`\ekf [\c gÂ&#x2019;Yc`Zf# cXXelcXZ`Â?egfigÂ&#x201E;i[`[X[\cX c`Yi\kX[\X_fiifEf'()-+)0 :kX'('('((-*,.*(#[\cj\Â&#x152;fi GifXÂ&#x152;f M`ccXZ`j <[^Xi JkXc`e# :%@%(.'*/),')+ 8I&/,)'(&ZZ 444444 98E:FGIF:I<;@KJ%8%gfe\ \e ZfefZ`d`\ekf [\c gÂ&#x2019;Yc`Zf# cXXelcXZ`Â?egfigÂ&#x201E;i[`[X[\cX c`Yi\kX [\ X_fiif Ef '(.0.-* :kX'('('((-*/--'#[\cXj\Â&#x152;f$ iX QXdYiXef Ifd\if EfidX AXZ`ekX#:%@%(*'+),.0*) 8I&/,)')&ZZ

BANCO RUMIĂ&#x2018;AHUI HL<;88ELC8;F GfiifYf[\c:_\hl\Ef%(,-(Xc (,.'[\cX:kXEf%/''(,/-('+ g\ik\e\Z`\ek\ X :8JKIF# ?<IE8E$ <;L8I;F   [\c 9XeZfIld`Â&#x152;X_l`%Hl`\ek\e^X [\i\Z_f[\Y\i}i\ZcXdXi[\e$ kif[\cfj-[Â&#x2C6;Xjgfjk\i`fi\jX cXÂ&#x2019;ck`dXglYc`ZXZ`Â?e% 8:&( d^ 444444 HL<;88ELC8;F Gfi gÂ&#x201E;i[`[X [\c :_\hl\ Ef% *(+') [\ cX :kX Ef%/''((((('+ g\ik\e\Z`\ek\ XLE@;8;<;L:8K@M8=8EF% '(H   [\c 9XeZf Ild`Â&#x152;X_l`% Hl`\e k\e^X [\i\Z_f [\Y\i} i\ZcXdXi[\ekif[\cfj-[Â&#x2C6;Xj gfjk\i`fi\jXcXÂ&#x2019;ck`dXglYc`$ ZXZ`Â?e% 8:&) d^ 444444 HL<;88ELC8;F Gfi ifYf  [\c :_\hl\ Ef%),- [\cX:kXEf%/')''*-*'+g\i$ k\e\Z`\ek\ X M@CC8M@:<E:@F 8I@8J# 9C8E:8$8C<O8E;I8 [\c 9XeZf Ild`Â&#x152;X_l`% Hl`\e k\e^X[\i\Z_f[\Y\i}i\ZcXdXi [\ekif[\cfj-[Â&#x2C6;Xjgfjk\i`fi\j XcXÂ&#x2019;ck`dXglYc`ZXZ`Â?e% 8:&* d^

BANCO CAPITAL 9XeZf:Xg`kXcefk`]`ZXXcglYc`Zf hl\gfi_XY\ij\\okiXm`X[fmXX gifZ\[\iXXelcXi\c:\ik`]`ZX[f [\ ;\gÂ?j`kf X GcXqf =`af Ef% (.'('(''-.)*% J\ jfc`Z`kX X cXg\ijfeXhl\ke\^X[\i\Z_f jfYi\[`Z_f:\ik`]`ZX[fgi\j\e$ k\Xc9XeZf:Xg`kXc\ci\ZcXdf Zfii\jgfe[`\ek\\e\cgcXqf[\ ()[Â&#x2C6;XjZfekX[fjXgXik`i[\cX k\iZ\iXglYc`ZXZ`Â?e% 8Z&(*,,)( d^ 44444444 K\iZ\iXGlYc`ZXZ`Â?e 9XeZf:Xg`kXcefk`]`ZXXcglYc`Zf hl\gfi_XY\ij\\okiXm`X[fmXX gifZ\[\iXXelcXi\c:\ik`]`ZX[f [\ ;\gfj`kf X GcXqf =`af Ef% (.'('(''0))/gfi\cmXcfi[\ LJ;+'%-++%'/g\ik\e\Z`\ek\ Xc k`klcXi 8;D@E@JKI8;FI8 ;< E<>F:@FJ ALM<I@ :@8% CK;8% J\ jfc`Z`kX X cX g\ijfeX hl\ k\e^X [\i\Z_f jfYi\ [`Z_f :\ik`]`ZX[f gi\j\ek\ Xc 9XeZf :Xg`kXc \c i\ZcXdf Zfii\jgfe$ [`\ek\ \e \c gcXqf [\ () [`Xj ZfekX[fjXgXik`i[\cXk\iZ\iX glYc`ZXZ`Â?e%

8:&(*+-(&(d^

UNIBANCO <c LE@98E:F Zfdle`ZX Xc gÂ&#x2019;Yc`Zf hl\ gfi gÂ&#x201E;i[`[X j\ mX X gifZ\[\i X XelcXi cfj Z_\hl\j ^`iX[fj ZfekiX \jk\ 9XeZf p ZlpXj ZXiXZk\iÂ&#x2C6;jk`ZXj jfe cXj j`^l`\ek\j1 Ef% (++* >`iX[fi1>C8;PJ9I8MF:kX% (.((''0,(0 8:&(*,-0( D>

CITIBANK :@K@98EB# E%8% JlZlijXc <ZlX[fi Zfdle`ZX Xc gÂ&#x2019;Yc`$ Zf hl\ gfi GÂ&#x201E;i[`[X# hl\[X XelcX[f \c Z_\hl\ Zfe cXj j`^l`\ek\j ZXiXZk\iÂ&#x2C6;jk`$ ZXj1 >`iX[fi1 9D@ @>L8C8J D<;@:8J ;<C <:L8;FI J%8%  2 :l\ekX1 ''/(0*+',* :_\hl\Ef%,'(.*)=\Z_X[\ \d`j`Â?e   )* ;< EFM@<D9I< ;<C)'((:Xek`[X[)'''%'' 9\e\]`Z`Xi`f1 <:L8GI@D8J :@8%CK;8Hl`\ek\e^X[\i\Z_f [\Y\i}i\ZcXdXi[\ekif[\cfj j`^l`\ek\jj\j\ekX[Â&#x2C6;Xjgfjk\$ i`fi\jX\jkXglYc`ZXZ`Â?e% 8:&(*,,*&(d^

8ELC8:@FE<J M8I@8J :<IK@=@:8;F;<@EM<IJ@äE Ef%0/(.*(\d`k`[fgfi;`e\ij :clY [\c <ZlX[fi J%8%J%=% _X j`[fXelcX[fgfi\okiXmÂ&#x2C6;f% 8%G%&,(,+,&b%d% 4444444 KĂ KLCF<OKI8M@8;F J\ Zfdle`ZX Xc gÂ&#x2019;Yc`Zf \c \okiXmÂ&#x2C6;f[\cj`^l`\ek\kÂ&#x2C6;klcf[\ XZZ`Â?e[\cZXg`kXcjfZ`Xc[\cX ZfdgXÂ&#x152;Â&#x2C6;XK<:F:<CJ%8%QFE8 =I8E:8 ?FJG@K8C ;< CFJ M8CC<J1 KÂ&#x2C6;klcfEf%1*'/EÂ&#x2019;d\if[\ XZZ`fe\j1) Gif g ` \ k X i ` f 1  9 I @ K KQ @ 8 8C<O8E;I8 :?@I@9F>8 ?LIK8;F <c kÂ&#x2C6;klcf Xek\j [\kXccX[f j\i} XelcX[f\eZXjf[\efgi\j\e$ kXij\ e`e^Â&#x2019;e i\ZcXdf jfYi\ \c d`jdf \e le cXgjf [\ *' [Â&#x2C6;XjZfekX[fj[\j[\cXk\iZ\iX glYc`ZXZ`Â?e[\\jk\Xm`jf% Hl`kf#)'[\\e\if[\c)'() >\i\eZ`X>\e\iXc 8%G%&,(-*+&b%d% 4444444 :ffg\iXk`mX)0[\FZklYi\ J\XelcXgfigÂ&#x201E;i[`[XcXc`Yi\kX [\ X_fiifj  +,'(,(.+/0 [\ cX:ffg\iXk`mX)0[\FZklYi\# g\ik\e\Z`\ek\ Xc j\Â&#x152;fi :FE=FID< KL98P I8DäE >I<>FI@F% 8%G%&,(---&b%d%

B.N.F. GfigÂ&#x201E;i[`[Xj\XelcXc`Yi\kX[\ X_fiifj Ef% ''('**)(*' [\c 9XeZf [\ =fd\ekf [\ cX JiX% Af_XeXHl`j_g\?`[Xc^f% 8G&,(--)&ZZ

MUTUALISTA PICHINCHA GyI;@;8 ;<G% GC8QF =@AF Ef%  ),(-/(++ DLKL8C@JK8 G@:?@E:?8 ;< IF;I@>F K8D8PF 8I&,(/&ZZ


Edición impresa Revista Judicial del 25 de enero de 2012