Ä
Ĺ?
(1#!3.1 ēŊ Ŋ Ŋ }
ĖŊ ēŊ ^Ŋ } Ŋ }
8H;L; H;I;y7 >?IJâH?97 IE8H; ;B 9EDJH7JE :; 7HH;D:7C?;DJE 9ece Z_Y[ ;k][d[ F[j_j ÆBei hecWdei Z_ij_d]k‡Wd Zei YbWi[i Z[ Whh[dZWc_[djei0 W$# ;b Whh[d# ZWc_[dje Z[ YeiWi" [i bW Wfb_YW# Y_ÂŒd c|i _cfehjWdj[ Z[ [ij[ Yed# jhWje" W fhefÂŒi_je Z[ bW YkWb lWcei W [nfed[h bWi h[]bWi ][d[hWb[i1 o" X$# ;b Whh[dZWc_[dje Z[ i[hl_Y_ei" YkoWi fWhj_YkbWh_ZWZ[i dei b_c_# jWh[cei W i[‹WbWh$ ;d \_d" [d [b 8W`e ?cf[h_e [b Whh_[dZe Z[ YeiWi jecÂŒ [d Y_[hjei YWiei kd YWh|Yj[h [if[Y_Wb o i[ Yedl_hj_ÂŒ [d kd Yed# jhWje gk[ j[d‡W iki h[]bWi fhef_Wi0 [b YedjhWje Z[ [k\_j[i_iÇ$ ;b YedjhWje Z[ Whh[dZWc_[dje de [i cko Wdj_]ke o iebe WfWh[Y[ [d [b i_]be ?? 7$9$ [d be h[\[h[d# j[ Wb Whh[dZWc_[dje Z[ j_[hhWi o YWiWi$ :;<?D?9?âD :; 9EDJH7JE :; 7HH;D:7C?;DJE ;d [b :[h[Y^e HecWde i[ bbW# cWXW BE97J?E 9ED:K9J?E Wb YedjhWje Z[ Whh[dZWc_[dje" feh [b YkWb kdW f[hiedW Z[de# c_dWZW BE97JEH i[ eXb_]WXW W Y[Z[h j[cfehWbc[dj[ W ejhW 9ED:K9JEH" [b Z_i\hkj[ Z[ kdW YeiW YehfehWb e _dYehfehWb" ck[# Xb[ e _dck[Xb[" W YWcX_e Z[ kdW h[jh_XkY_ÂŒd gk[ [b c_ice Z[h[Y^e bbWcWXW C;H9;I$ ;b 7hj$ '.+, Z[b 9ÂŒZ_]e 9_l_b Z[\_d[ Wb YedjhWje Z[ Whh[dZW# c_[dje" Z[ bW i_]k_[dj[ cWd[hW Æ7hh[dZWc_[dje [i kd YedjhWje [d gk[ bWi Zei fWhj[i i[ eXb_]Wd h[Y‡# fheYWc[dj[" bW kdW W YedY[Z[h [b ]eY[ Z[ kdW YeiW" e W [`[YkjWh kdW eXhW e fh[ijWh kd i[hl_Y_e o bW ejhW W fW]Wh feh [ij[ ]eY[" eXhW e i[hl_# Y_e kd fh[Y_e Z[j[hc_dWZe" iWble be gk[ Z_ifed[d bWi b[o[i Z[b jhW# XW`e o ejhWi b[o[i [if[Y_Wb[iÇ$ 9edYehZWdY_Wi0 *" -*&" '*+*" '*++" '*+, 9$9$ :[ [ij[ ceZe [b YedjhWje Z[ Whh[dZWc_[dje" [i kd WYje Z[ lebkdjWZ" feh [b YkWb kdW f[hiedW i[ eXb_]W W fhefehY_edWh W ejhW [b ]eY[ feh kd j_[cfe Z[ kdW YeiW c[Z_Wdj[ kd fh[Y_e gk[ i[ Z[de#
"(3.1 ĹŠ ÂĄ ĹŠ
Ĺ?ćĹ? Ĺ? Ĺ? Ĺ?Ä‚Ä€Ä Ä
Ĺ? +. Ĺ? ÄŒĹ? Ĺ? +Ä?Ĺ?ĊćĂă
ĹŠ ĹŠ ÂĄ ĹŠ ĹŠ ĹŠ ĹŠ ĹŠĹŠĹŠĹŠ'33/ľľ666Ä“"#1#!'.#!4 ".1Ä“!., (1#!!(¢-Ä–ĹŠ 1#- 2ĹŠ8ĹŠÄˆÄ‡ĹŠ"#ĹŠ %.23.ĔŊ "($ēŊ (5 -!.ĔŊĎ3.ēŊ/(2.ŊġŊ #+_$.-.2Ä–ĹŠÄ‰ÄŽÄŽÄˆÄąÄŽÄŽÄ‰ÄľÄ‰ÄŽÄŽÄŽÄąÄŒÄŠÄˆÄľÄ‰ÄŽÄ‡Ä‡ÄąÄ‰ÄŒÄŽÄľÄ‰ÄŽÄŽÄ‰ÄąÄˆÄŠÄŽĹŠĹŠÄˇĹŠ Äą, (+Ä– ĹŠ)4"(!( +Äž"#1#!'.#!4 ".1Ä“!.,ĹŠ
+ĹŠ!.-31 3.ĹŠ"#ĹŠ 11#-" ,(#-3.ĹŠ#-ĹŠ #+ĹŠ2#!3.1ĹŠ41 -.
c_dW Wbgk_b[h$ D7JKH7B;P7 @KHĂž:?97 :;B 9EDJH7JE :; 7HH;D:7C?;DJE I[ Z_iYkj[ [d ZeYjh_dW i_ [i F;HIED7B e H;7B$ ;i F;HIED7B Z_Y[d lWh_ei Wkjeh[i fehgk[ [n_ij[ eXb_]WY_ÂŒd Z[b Whh[dZWZeh Z[ cWdj[d[h Wb Whh[dZWjWh_e [d [b ]eY[ o kie fWY‡# \_Ye Z[ bW YeiW Whh[dZWZW$ Jhefbed] ieij_[d[ gk[ [i Z[ Z[h[Y^e H;7B" fehgk[ \kd# ZWc[djWbc[dj[ [b YedjhWje Z[ Whh[dZWc_[dje ikXi_ij[ Yece YkWdZe i[ l[dZ[ bW fhe# f_[ZWZ" f[he [ije iÂŒbe i[h‡W [d dk[ijhe YWie YkWdZe ^Wo YedjhWje Z[
Whh[dZWc_[dje feh [iYh_jk# hW Z[X_ZWc[dj[ _diYh_jW [d [b H[]_ijhe Z[ bW Fhef_[ZWZ$ 9ECE FHE87H B7 ;N?IJ;D9?7 :; KD 9EDJH7JE :; 7HH;D:7C?;DJE De i_[dZe ieb[cd[ [b YedjhW# je Z[ Whh[dZWc_[dje" ik fhk[XW fk[Z[ WZkY_hi[ c[Z_Wdj[ YkWb# gk_[hW Z[ bWi \ehcWi b[]Wb[i" i_[dZe bW Yed\[i_Œd bW c[`eh" i_d [nYbk_h bW j[ij_ced_Wb Yed bW Yeh# jWf_iW gk[ jhW[ [b 9ŒZ_]e 9_l_b Wb i[‹WbWh gk[ [ijW fhk[XW de lWb[ [d WYjei e YedjhWjei ikf[h_eh[i W bei Zei c_b ikYh[i1 f[he Yece gk[ZW cWd_\[ijW# Ze [d [ij[ jhWXW`e" YkWd# Ze [b YWded c[dikWb Z[ Whh[dZWc_[dje
i[W ikf[h_eh W bei Z_[p c_b ikYh[i" [b YedjhWje Z[ Whh[dZWc_[dje Z[X[h| i[h d[Y[iWh_Wc[dj[ feh [iYh_je" eXl_Wc[dj[ gk[ ^eo [d [b fW‡i oW de h_][ [b ikYh[" i_de [b ZŒbWh Z[ bei ;ijWZei Kd_Zei Z[ Dehj[Wcƒh_YW" feh be gk[ h[ikbjW eXieb[jW [ijW Z_ifei_Y_Œd$ H;GK?I?JEI :;B 9EDJH7JE :; 7HH;D:7C?;DJE 9ece dei ^Wd [di[‹WZe dk[i# jhei cW[ijhei" fWhW gk[ kd Yed# jhWje i[W l|b_Ze [i fh[Y_ie gk[ i[ YkcfbWd JH;I H;GK?I?JEI0 9EDI;DJ?C?;DJE" E8@;JE O 97KI7$ ;d [b Whh[dZWc_[dje khXWde" [b E8@;JE :;B 9EDJH7JE [i [b ]eY[ o kie Z[ _dck[Xb[ W`[de" feh kd fh[Y_e Z[j[hc_dWZe o j_[cfe Y_[hje$ ;b _dck[Xb[ Z[X[ i[h Z[j[hc_dWZe$ BW 97KI7" fWhW YWZW fWhj[ [i bW fh[ijWY_Œd e fhec[iW Z[ kdW YeiW e i[hl_Y_e feh bW ejhW fWhj[$# ;b Whh[dZWZeh f[hY_X_h [b YWded$ ;b Whh[dZWjWh_e Z_i# \hkjWh Z[b _dck[Xb[$ H[if[Yje W bW 97F79?:7: :; BEI 9EDJH7J7DJ;I" [b 9ŒZ_]e 9_l_b i[‹WbW gk[ [b Yedi[d# j_c_[dje de Z[X[ [ijWh l_Y_WZe$ 9ece Yedi[`ei fh|Yj_Yei" [i Yedl[d_[dj[ i[‹WbWh gk[ [b Whh[d# ZWZeh o [b Whh[dZWjWh_e Wdj[i Z[ \_hcWh [b YedjhWje Z[ Whh[dZW# c_[dje o fWhW [ijWh i[]khe Z[ bW b[]_j_c_ZWZ Z[b c_ice [i fh[Y_ie gk[ i[ [nWc_d[ [ijW YWfW# Y_ZWZ$ I_ [b _dck[Xb[ [ij| ik`[je W kik\hkYje" [b
YedjhWje Z[ Whh[dZWc_[dje Z[X[ i[h Wkjeh_pWZe feh [b kik\hkYjkW# h_e$ ;i Yedl[d_[dj[ ^WY[h YedijWh [d [b YedjhWje [b [ijWZe Z[b _dck[# Xb[" oW gk[ [b Whh[dZWjWh_e j_[d[ bW eXb_]WY_ÂŒd Z[ Z[lebl[hbW [d bW i_jkWY_ÂŒd gk[ bW h[Y_X_ÂŒ" iWble [b kie Yehh_[dj[$ H[YWbYe" fh[l_Wc[dj[ W bW ikXi# Yh_fY_ÂŒd Z[b YedjhWje Z[ Whh[dZW# c_[dje" Z[X[ ^WX[hi[ YecfheXW# Ze bW YWb_ZWZ Z[ gk_[d YecfWh[# Y[ Yece fWhj[ Whh[dZWZehW Z[b _dck[Xb[1 Z[ jWb cWd[hW gk[ ƒijW Wb cec[dje Z[ Y[b[XhWh [b YedjhW# je Z[ Whh[dZWc_[dje Z[XW fh[i[d# jWh [b ZeYkc[dje i[‹WbWZe feh [b 7hj$ '( Z[ bW B[o Z[ ?dgk_b_dWje" [ije [i bW _diYh_fY_ÂŒd [d bW E\_Y_dW Z[ H[]_ijhe Z[ 7hh[dZWc_[djei1 o" [b Y[hj_\_YWZe Z[ \_`WY_ÂŒd Z[ bWi f[di_ed[i" f[he ^Wo kdW [nY[f# Y_ÂŒd [d h[bWY_ÂŒd Wb ;ijWZe YkWdZe [ij[ [i Whh[dZWZeh" gk_[d de j_[d[ [ijW eXb_]WY_ÂŒd b[]Wb$ 97HĂ›H9J;H;I :;B 9EDJH7JE :; 7HH;D:7C?;DJE KH87DE FeZ[cei [d i‡dj[i_i i[‹WbWh bei i_]k_[dj[i0 W$ 8?B7J;H7B$# fehgk[ bWi fWhj[i YedjhWjWdj[i i[ eXb_# ]Wd h[Y‡fheYWc[dj[" [ije [i Yh[W eXb_]WY_ed[i h[Y‡fheYWi W YWh]e Z[ WcXWi fWhj[i$ X$ ED;HEIE$# fehgk[ [ij[ Yed# jhWje j_[d[ feh eX`[je bW kj_b_ZWZ Z[ WcXei YedjhWjWdj[i" ]hW# l|dZei[ YWZW kde W X[d[\_Y_e Z[b ejhe o [ije [i eXl_e" fehgk[ bW c_icW Z[\_d_Y_ÂŒd [ijWXb[Y[ bW eXb_]WY_ÂŒd Z[ fW]Wh feh [ij[ ]eY[ kd fh[Y_e Z[j[hc_dWZe$ ;n_ij[ fk[i" YedjhWfh[ijWY_e# d[i [djh[ bWi fWhj[i" [ije [i j_[d[ feh eX`[je bW kj_b_ZWZ Z[ WcXei YedjhWjWdj[i$ Y$ :; ;@;9K9?âD IK9;I?L7$# fehgk[ [b Ykcfb_c_[dje Z[b YedjhWje ikfed[ bW [`[YkY_ÂŒd Z[ fh[ijWY_ed[i ikY[i_lWi ZkhWdj[ kd j_[cfe c|i e c[dei bWh]e1 fk[i YWZW fWhj[ Z[X[ [`[YkjWh kdW i[h_[ Z[ eXb_# ]WY_ed[i ZkhWdj[ [b j_[cfe gk[ ZkhW [b c_ice$ :[ be Z_Y^e i[ Yeb_][ gk[ [i Z[ jhWYje ikY[i_le" fehgk[ lW Ykcfb_[dZe W jhWlƒi Z[ Y_[hje :FEK@EL8 <E C8 GĂ?>@E8 $ :)
Ĺ? Ĺ?
Ĺ?
Ĺ? Ĺ?
Ĺ?
Ä‚
Ĺ? ćĹ? Ĺ? Ĺ? Ĺ?Ä‚Ä€Ä Ä
Ĺ? +. Ĺ? ÄŒĹ?
j_[cfe o de fk[Z[ i[h Z[ [`[# YkY_ÂŒd _dijWdj|d[W" jWcX_ƒd i[ Z_Y[ gk[ [i Z[ jhWYje ikY[# i_le" oW gk[ [b Whh[dZWjWh_e lW ^WY_[dZe [djh[]Wi f[h_ÂŒZ_YWi Z[ bW h[djW \_`WZW$ Z$ 7:C?D?IJH7J?LE$# fehgk[ de ^Wo jhWZ_Y_ÂŒd Z[ Zec_d_e" [ije [i de ^Wo WYje Z_ifei_j_le$ [$ FH?D9?F7B$# fehgk[ ikXi_ij[ feh i‡ c_ice i_d d[Y[i_ZWZ Z[ ejhW Yedl[dY_ÂŒd o fehgk[ fhe# ZkY[ eXb_]WY_ed[i fh_dY_fWb[i$ \$ DEC?D7:E E JĂžF?9E$# feh# gk[ bW b[o b[ ZW decXh[ fhef_e" be Z[\_d[" WdWb_pW o h[]bWc[d# jW" [d h[ikc[d i[ ^WbbW h[]_# Ze [d [ij[ YWie feh bW B[o Z[ ?dgk_b_dWje o feh [b 9ÂŒZ_]e 9_l_b Yece dehcW ikfb[jeh_W$ ]$ ?D:?L?:K7B$# feh i[h WYk[h#
;@MFI:@FJ I% ;<C <% ALQ>8;F JyGK@DF ;< >8I8EK@8J :@M@C<J P D<I:8EK@C<J ;< C8 GIFM@E:@8 ;< <C FIF JXekX IfjX <OKI8:KF ;< :@K8:@äE 8 cX J\ÂŒfiX D8I@8 ;<C :8ID<E :LKL:L8D98 M8C<EQL<C81 j\ c\ _XZ\ jXY\i% Hl\ \e \c Alq^X[f J„gk`df [\ cf :`m`c [\ <c Fif# Zfe Xj`\ekf \e cX Z`l[X[ [\ JXekX IfjX# j\ _X gi\j\ekX[f X ki}d`k\ cX [\dXe[X ;`mfiZ`f# \e jl Zfe$ kiX p gfi ZlXekf cX gXik\ XZkfiX [`Z\ hl\ Ăˆ\ogi\jf Zfe aliXd\ekf hl\ \e cfj XZklXc\j dfd\ekfj d\ \j `dgfj`Yc\ [\k\id`eXi cX `e[`m`[lXc`[X[ f i\j`[\eZ`X [\ cX [\dXe[X[X D8I@8 ;<C :8ID<E :LKL:L8D98 M8C<EQL<C8# gfi cf hl\ XdgXiX[f \c 8ik% /) [\c :Â?[`^f [\ GifZ\[`d`\ekf :`m`c p ((0 [\c :Â?[`^f :`m`c# jfc`Z`kf j\ cf Z`k\ gfi `ek\id\[`f [\ le g\i`Â?[`Zf [\ cX Z`l[X[ [\ DXZ_XcX# gifm`$ [\eZ`X [\ <c Fif p \e cX Z`l[X[ [\ Hl`kf# gifm`eZ`X [\c G`Z_`eZ_XÉ% J\ [`jgfe\ Z`kXi X cX gXik\ [\dXe[X$ [X# j\ÂŒfiX D8I@8 ;<C :8ID<E :LKL:L8D98 P M8C<EQL<C8# d\[`Xek\ ki\j glYc`ZXZ`fe\j# \e ]\Z_Xj [`jk`ekXj \e lef [\ cfj [`Xi`fj [\ dXpfi Z`iZlcXZ`Â?e# hl\ j\ \[`kXe \e cX :`l[X[ [\ DXZ_XcX gifm`[\eZ`X [\ <c Fif p \e cX Z`l[X[ [\ Hl`kf# gifm`eZ`X [\c G`Z_`eZ_X# X ]`e hl\ ZfdgXi\qZX X al`Z`f p j\ÂŒXc\ ZXj`ccX al[`Z`Xc gXiX jlj efk`]`ZXZ`fe\j gfjk\i`fi\j \e \jkX ZXljX# [\ekif [\c k„id`ef [\ m\`ek\ [ˆXj ?89@C<J# ZfekX[fj X gXik`i [\ cX k\iZ\iX p Â’ck`dX glYc`ZXZ`Â?e [\c gi\j\ek\ Xm`jf [\ Z`kXZ`Â?e% 8:KFI1 N@CC@8D C<FE<C <EI@HL<Q E8IM8<Q% ;<D8E;8;F1 D8I@8 ;<C :8ID<E : L K L : L 8 D 9 8 M8C<EQL<C8 AL@:@F1 M\iYXc JldXi`f [\ [`mfi$ Z`f Ef% (*)&)'((% :L8EK@81 @e[\k\id`eX[X AL<Q ;< C8 :8LJ81 ;i% N`c]i\[f J% 8e[iX[\ :_`ZX GIFM@;<E:@8 ;@:K8;81 JXekX IfjX# *' [\ dXiqf [\c )'((%$ CXj ((_** Cf hl\ j\ gfe\ \e ZfefZ`d`\ekf [\ cX gXik\ [\dXe[X[X# gXiX cfj ]`e\j [\ C\p% JXekf IfjX# ') [\ dXpf [\ )'((% 8cfejf 8cm\Xi :i`fccf J<:I<K8I@F ;<C ALQ>8;F J<GK@DF ;< CF :@MC ;< <C FIF% <o`jk\ ]`idX p j\ccf% 8%G%&+0((/&b%d% I%<% ALQ>8;F ;y:@DF J<>LE;F ;< CF :@M@C ;< G@:?@E:?8 :@K8:@äE AL;@:@8C 81 JI% AFJ< =<C@:@8EF :?8E:8P :?8E:8P
Ĺ?
Ze Z[ lebkdjWZ Z[ bWi fWhj[i YedjhWjWdj[i$ ^$ :; B?8H; :?I9KI?âD$# feh# gk[ bWi fWhj[i fk[Z[d [ij_fkbWh b_Xh[c[dj[ bWi YedZ_Y_ed[i Z[b YedjhWje" Yed bWi b_c_jWY_ed[i fhef_Wi Z[ bW dWjkhWb[pW Z[ bW B[o Z[ ?dgk_b_dWje" Yece b[o ieY_Wb$ _$ F;HIED7B$# fehgk[ bWi fWh# j[i ][d[hWbc[dj[ [d bei YedjhW# jei Z[ Whh[dZWc_[dje khXWde" ik[b[d ZWh Wb c_ice [b YWh|Y# j[h Z[ f[hiedWb" fhe^_X_[dZe [b ikXWhh_[dZe e Y[i_ÂŒd Z[ jeZe e fWhj[ Z[b beYWb Whh[dZWZe e ik jhWifWie" be YkWb WZ[c|i i[ [dYk[djhW fhe^_X_Ze feh bW fhef_W B[o Z[ ?dgk_b_dWje$ `$ J;CFEH7B$# fehgk[ Wi‡ bei Z_ifed[ [b 7hj$ (. Z[ bW B[o Z[ ?dgk_b_dWje" i_d be YkWb WYWhh[W# h‡W kdW Z[iYecfei_Y_ÂŒd Z[ bW fhef_[ZWZ" [ijW [i kdW Z[ bWi fh_dY_fWb[i YWhWYj[h‡ij_YWi Z[b YedjhWje Z[ Whh[dZWc_[dje Z[b i[Yjeh khXWde$ a$ 9EDI;DIK7B$# fehgk[ i[
AL@:@F1 M<I98C JLD8I@F ;@MFI:@F EIF% )'0$)'(($ JG 8:KFI8 JI8% C@;@8 E8I:@J8 9F?FIHL<Q D8:@8J ;<D8E;8;F1 JI% AFJ< =<C@:@8EF :?8E:8P :?8E:8P :L8EKĂ 8 @E;<K<ID@E8;8 KIĂ?D@K< M<I98C JLD8I@F @E@:@8;F (- ;< D8IQF ;<C )'(( F9A<KF% ;@JFCL:@äE ;<C MĂ E:LCF D8KI@DFE@8C EI8C% ((# @E:@JF );F% 8IK% ((' ;<C :ä;@>F :@M@C GIFM@;<E:@8 ALQ>8;F ;y:@DF J<>LE;F ;< CF :@M@C ;< G@:?@E:?8% Hl`kf# d`„iZfc\j (- [\ dXiqf [\c )'((# cXj c'_+0%$ M@JKFJ1 <e d` ZXc`[X[ [\ Al\q K`klcXi [\ cX Al[`ZXkliX# p iXqÂ?e [\ cX efkX [\ jfik\f hl\ Xek\Z\[\# XmfZf ZfefZ`d`\ekf [\ cX gi\j\ek\ ZXljX% LeX m\q hl\ cX XZkfiX _X [X[f Zldgc`d`\ekf X cf [`jgl\jkf \e gifm`[\eZ`X Xek\i`fi# cX [\dXe[X [\ [`mfiZ`f gi\j\ekX[X gfi cX j\ÂŒfiX C@;@8 E8I:@J8 9F?FIHL<Q D8:@8J# \j ZcXiX# gi\Z`jX p Zfdgc\kX# gfi i\le`i cfj i\hl`j`kfj [\ c\p# iXqÂ?e gfi cX ZlXc j\ cX X[d`k\ Xc ki}d`k\ m\iYXc jldXi`f%$ <e cf gi`eZ`gXc# Zˆk\j\ Xc [\dXe[X[f j\ÂŒfi AFJ< =<C@:@8EF :?8E:8P :?8E:8P# Zfe cX Zfg`X [\ \jk\ Xlkf gfi d\[`f [\ cX gi\ejX \e le ;`Xi`f [\ dXpfi Z`iZlcXZ`Â?e EXZ`feXc hl\ j\ \[`kXe \e „jkX Z`l[X[ [\ Hl`kf# :XekÂ?e Hl`kf# Gifm`eZ`X [\ G`Z_`eZ_X# Xjˆ Zfdf \e GfjfiaX# Gifm`eZ`X [\c >lXpXj p A`g`aXgX# Gifm`eZ`X [\ DXeXYˆ# gXiX \c \]\Z$ kf gfi J\Zi\kXiˆX Zfe]`„iXj\ cfj \okiXZkfj g\ik`e\ek\j%$ Gi\m`f X cX [\j`^eXZ`Â?e [\ ZliX[fi 8[$c`k\d gXiX \c d\efi X[lckf# Zl„ek\j\ Zfe cX fg`e`Â?e [\ le j\ÂŒfi =`jZXc [\c ;`jki`kf [\ G`Z_`eZ_X% 8^i„^l\ej\ X cfj Xlkfj cfj [fZld\ekfj X[ale$ kfj% KÂ?d\j\ \e Zl\ekX \c ZXj`cc\if al[`Z`Xc hl\ j\ÂŒXcX cX gXik\ XZkfiX p cX Xlkfi`qXZ`Â?e hl\ [X X jl XYf$ ^X[f [\]\ejfi%$ = %$ ;i% :8ICFJ =<IE8E;<Q @;IFMF%$ AL<Q ;y:@DF J<>LE;F ;< CF :@M@C ;< G@:?@E:?8% Cf hl\ cc\mf X jl ZfefZ`d`\ekf gXiX cfj ]`e\j [\ C\p# gi\m`e`„e[f$ c\j [\ cX fYc`^XZ`Â?e hl\ k`\e\e [\ j\ÂŒXcXi ZXj`cc\if al[`Z`Xc gXiX jlj gfjk\i`fi\j efk`]`ZXZ`fe\j%$ Hl`kf# (0 [\ DXiqf [\c )'(($ :\ik`]`Zf%$ ;I% =<IE8E;F E8I8EAF =8:KFJ% J<:I<K8I@F ;<C ALQ>8;F ;y:@DF J<>LE;F ;< CF :@M@C ;< G@:?@E:?8 ?Xp le j\ccf 8I&/)0-)&ZZ
C8 I ;<C < ALQ>8;F M@>yJ@DF HL@EKF ;< CF :@M@C ;< G@:?@E:?8 :@K8:@äE AL;@:@8C 81 :8ID<E <LC8C@8 :?8M<Q :F<CCF 8:KFI1 ;I% CL@J 8C=I<;F Q8D9I8EF K8 E @ : L : ? @ Æ GIF:LI8;FI AL;@:@8C ;<
=I8E:@J:F ;LHL< G8II8 ;<D8E;8;81 :8ID<E <LC8C@8 :?8M<Q :F<CCF AL@:@F1 ;@MFI:@F Ef% +/'$)'(($ F< :L8EKĂ 81 @E;<K<ID@E8;8 ALQ>8;F M@>yJ@DF HL@EKF ;< CF :@M@C ;< G@:?@E:?8%$ Hl`kf# dXik\j (' [\ D8PF ;<C )'((# C8J '0?))%$ M@JKFJ1 LeX m\q hl\ \c XZZ`feXek\ _X [X[f Zldgc`d`\ekf X cf [`jgl\jkf \e Xlkf `e`Z`Xc# j\ ZXc`]`ZX X cX [\dXe[X [\ ZcXiX# gi\Z`jX# Zfdgc\kX p hl\ i\Â’e\ cfj [\d}j i\hl`j`kfj hl\ \o`^\ cX C\p%$ ;„j\ \c ki}d`k\ M\iYXc JldXi`f%$ :fe \c Zfek\e`[f [\ cX [\dXe[X p \jk\ 8lkf _}^Xj\ jXY\i X cX [\dXe[X[X gXiX cfj i\jg\Zk`mfj ]`e\j [\ C\p%$ 8k\ekf \c aliXd\ekf i\e[`[f gfi \c XZZ`feXek\ p [\ Zfe$ ]fid`[X[ Zfe \c 8ik% /) [\c :Â?[`^f [\ GifZ\[`d`\ekf :`m`c j\ [`jgfe\ Z`kXi X cX [\dXe[X[X :8ID<E <LC8C@8 :?8M<Q :F<CCF gfi cX gi\ejX \e lef [\ cfj [`Xi`fj [\ dXpfi Z`iZlcXZ`Â?e hl\ j\ \[`kXe \e \jkX Z`l[X[ [\ Hl`kf%$ 8^i„^l\ej\ cfj [fZld\ekfj hl\ j\ XZfdgX$ ÂŒXe%$ K„e^Xj\ \e Zl\ekX cX Xlkfi`$ qXZ`Â?e hl\ j\ Zfe]`\i\ Xc 8Yf^X[f GXkifZ`eX[fi p \c ZXj`cc\if al[`Z`Xc gXiX hl\ i\Z`YX jlj efk`]`ZXZ`f$ e\j%$ Efk`]ˆhl\j\% ] ;i% @m}e :\mXccfj QXdYiXef Æ Al\q% Cf hl\ Zfdle`Zf p :@KF gXiX cfj i\jg\Zk`mfj ]`e\j [\ C\p# gi\m`$ e`„e[fc\ cX fYc`^XZ`Â?e [\ j\ÂŒXcXi ZXj`cc\if al[`Z`Xc gXiX ]lkliXj efk`$ ]`ZXZ`fe\j%$ :\ik`]`Zf% ;i% Cl`j =\ieXe[f J\iiXef D\e\j\j J<:I<K8I@F ALQ>8;F M@>yJ@DF HL@EKF :@M@C G@:?@E:?8 ?Xp le j\ccf 8I&/)00-&ZZ
ALQ>8;F M@>yJ@DF K<I:<IF ;< CF :@M@C ;< G@:?@E:?8 :@K8:@äE AL;@:@8C 8% C8LI8 D8Ià 8 >FI;FE IF9<IKJ 8:KFI1 CL@J <M8E><C@F 8C8I:äE ;<D8E;8;F1 C8LI8 D8Ià 8 >FI;FE IF9<IKJ AL@:@F1 M<I98C JLD8I@F ;< ;@MFI:@F Ef% )/.$)%'(( 8Y^% I% 9iXmf :8J@CC<IF AL;@:@8C Ef% ((*' =LE;8D<EKF C<>8C1 8IK% ((' ELD<I8C (( ;<C :ä;@>F :@M@C 89F>8;F1 ;I% 9PIFE 8P8C8 :L8EKà 81 @E;<K<ID@E8;8 GIFM@;<E:@81 8LKF ;< :8C@=@:8:@äE ALQ>8;F M@>yJ@DF K<I:<IF ;< CF :@M@C ;< G@:?@E:?8% Hl`kf# dXik\j () [\ XYi`c [\c )'((# cXj (._)+% M@JKFJ%$ 8mfZf Zfef$ Z`d`\ekf [\ cX gi\j\ek\ ZXljX \e m`ikl[ [\c jfik\f i\Xc`qX[f%$ Gfi ZlXekf cX XZkfiX _X [X[f Zldgc`$ d`\ekf X cf fi[\eX[f \e gifm`[\e$ Z`X Xek\i`fi# cX [\dXe[X gi\j\ekX$ [X gfi1 CL@J <M8E><C@F# \j ZcXiX p i\’e\ cfj [\d}j i\hl`j`kfj [\ C\p p j\ cX X[d`k\ X ki}d`k\ m\i$
f[h\[YY_edW iŒbe Yed [b Yed# i[dj_c_[dje Z[ bei YedjhWjWd# j[i" c|i YkWdZe [b YWded [i ikf[h_eh W bei Z_[p c_b ikYh[i c[dikWb[i" [b YedjhWje Z[X[ i[h Y[b[XhWZe d[Y[iWh_Wc[dj[ feh [iYh_je" WYehZ[ W be Z_ifk[i# je feh [b 7hj$ (/ Z[ bW B[o Z[ ?dgk_b_dWje$ I[ Z_Y[ _dYbki_l[ gk[ [i Yed# i[dikWb" fehgk[ i[ f[h\[YY_e# dW feh [b c[he Yedi[dj_c_[dje" i_d f[h`k_Y_e Z[ gk[ feij[h_eh# c[dj[ i[ YkcfbW bW [djh[]W Z[b _dck[Xb[ Whh[dZWZe$ ;B;C;DJEI :;B 9EDJH7JE :; 7HH;D:7C?;DJE FeZ[cei i[‹WbWh gk[ ied Zei \kdZWc[djWb[i0 bei Z[ ik [i[dY_W o bei Z[ ik dWjkhWb[pW$ BEI :; IK ;I;D9?7 ;ije [i0 W$ DecXh[ [ _Z[dj_\_YWY_Œd Z[ bei YedjhWjWdj[i1 X$ ?Z[dj_\_YWY_Œd Z[b _dck[Xb[ eX`[je Z[b YedjhWje Z[ Whh_[dZe1 o"
Y$ Fh[Y_e e YWded e h[djW$ BEI :; IK D7JKH7B;P7 ;ije [i0 W$ <ehcW Z[ fW]e1 X$ H[bWY_ÂŒd Z[ i[hl_Y_ei1 o" Y$ Jƒhc_de Z[ ZkhWY_ÂŒd Z[b Yed# jhWje$ >Wo gk[ _di_ij_h gk[ bei [b[# c[djei [i[dY_Wb[i Z[b YedjhWje Z[ Whh_[dZe khXWde" [i gk[ ^WoW fh[# Z_e o gk[ [i[ fh[Z_e i[W khXWde" gk[ [b YWded Z[ Whh_[dZe de [ij| Z[j[hc_dWZe feh bW lebkdjWZ Z[ bWi fWhj[i Yece eYkhh[ ][d[hWbc[dj[ [d bei Z[c|i YedjhWjei" fk[i [i [b Ckd_Y_f_e c[Z_Wdj[ bW E\_Y_dW Z[ H[]_ijhe Z[ 7hh[dZWc_[djei bW gk[ \_`W bei Y|ded[i b[]Wb[i Z[ Whh[dZWc_[dje khXWdei" e i[W ^Wo kdW ikcW c|n_cW" bW YkWb feh be c[dei [d j[eh‡W de i[ bW fk[Z[ Wkc[djWh$ 9BĂ›KIKB7I GK; :;8; 9EDJ;D;H KD 9EDJH7JE :; 7HH;D:7C?;DJE Fk[Ze Y_jWh [djh[ bWi fh_dY_fW# b[i bWi i_]k_[dj[i0
IÂŒbe [b _d\ehjkd_e fk[Z[ Yedl[hj_h kd YehWpÂŒd Z[ heYW [d kd YehWpÂŒd ^kcWde$ <H7DwE?I I7B?=D79 :; B7 CEJ>; YXc jldXi`f gfi kXekf \e d„i`kf Xc aliXd\ekf i\e[`[f gfi cX XZZ`f$ eXek\ p [\ Zfe]fid`[X[ Zfe cf [`j$ gl\jkf gfi \c 8ik% /) [\c :Â?[`^f [\ GifZ\[`d`\ekf :`m`c%$ :Ă K<J<# X cX [\dXe[X[X j\ÂŒfiX1 C8LI8 D8I@8 >FI;FE IF9<IKJ# \e cX ]fidX jfc`Z`kX[X gfi d\[`f [\ ki\j glYc`ZXZ`fe\j gfi cX gi\ejX \e lef [\ cfj g\i`Â?[`Zfj [\ Xdgc`X Z`iZlcXZ`Â?e X e`m\c eXZ`feXc [\ cfj hl\ j\ \[`kXe \e \jkX Z`l[X[ [\ Hl`kf%$ 8^i„^l\j\ Xc gifZ\jf cX [fZld\ekXZ`Â?e hl\ j\ X[alekX%$ K„e^Xj\ \e Zl\ekX \c ZXj`cc\if al[`Z`Xc j\ÂŒXcX[f gfi \c XZkfi Xjˆ Zfdf cX Xlkfi`qXZ`Â?e [X[X X jl 8Yf^X[f ;\]\ejfi%$ Efk`]ˆhl\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\ÂŒXcXi ZXj`cc\if al[`Z`Xc gXiX gfjk\i`fi\j efk`]`ZXZ`fe\j%$ :\ik`]`Zf% 8Y^% Afi^\ D`\i 9liYXef J<:I<K8I@F ?Xp le j\ccf 8I&/*'')&ZZ
<OKI8:KF :@K8:@äE AL;@:@8C :@K8:@äE AL;@:@8C 8 C8 J<zFI8 ALC@8 9<8KI@Q D8P8EQ8 >8I:@8 8:KFI1 :<J8I 8L>LJKF HL@E8CL@J8 >8C8IQ8 ;<D8E;8;81 ALC@8 9<8KI@Q D8P8EQ8 >8I:@8 AL@:@F EIF% ./$)'(($GQ$M<I98C JLD8I@F Æ ;@MFI:@F :L8EK@81 @E;<K<ID@E8;8 ;FD@:@C@F1 :8J@CC<IF AL;@:@8C EIF% +'$;I% 8E><C :?8:FE GIFM@;<E:@81 ALQ>8;F ;<:@DF HL@EKF ;< CF :@M@C ;< D8:?8:?@% DXZ_XZ_`# X (0 [\ XYi`c [\c )'((2 cXj '/_,'% M@JKFJ1 CX [\dXe[X hl\ Xek\$ Z\[\ gi\j\ekX[X gfi \c j\ÂŒfi :<J8I 8L>LJKF HL@E8CL@J8 >8C8IQ8# jfYi\ [`mfiZ`f ZXljXc# gfi ZcXiX p Zfdgc\kX# i\Â’e\ Zfe cfj i\hl`j`kfj [\ c\p# iXqÂ?e gfi cX hl\ j\ cX XZ\gkX Xc ki}d`k\ \e al`Z`f M\iYXc JldXi`f% <e Zfej\Zl\eZ`X k\e`\e[f gi\j\ek\ \c aliXd\ekf i\e[`[f gfi \c ZfdgXi\Z`\ek\# [\ XZl\i[f X cf \jkXYc\Z`[f \e \c 8ik% ((/ [\c :Â?[`^f :`m`c# \e ZfeZfi$ [XeZ`X Zfe cf gi\jZi`kf \e \c 8ik% /) [\c :Â?[`^f [\ GifZ\[`d`\ekf :`m`c# Zˆk\j\ X cX [\dXe[X[X ALC@8 9<8KI@Q D8P8EQ8 >8I:@8# gfi cX gi\ejX# d\[`Xek\ ki\j glYc`ZX$
Z`fe\j [\ le \okiXZkf [\ cX [\dXe$ [X p \jkX gifm`[\eZ`X# hl\ j\ _Xi}e \e le g\i`�[`Zf [\ cX Z`l[X[ [\ Hl`kf# Gifm`eZ`X [\ G`Z_`eZ_X# gfi ZXi\Z\i \jk\ :Xek�e [\ g\i`�[`Zfj [\ glYc`ZXZ`�e i\^lcXi# [\Y`\e[f d\[`Xi \eki\ leX p fkiX glYc`$ ZXZ`�e# fZ_f [ˆXj gfi cf d\efj% 8^i„^l\j\ X cfj Xlkfj cX [fZld\e$ kXZ`�e hl\ j\ _X X[alekX[f# gXiX cfj ]`e\j [\ C\p% K„e^Xj\ gi\j\ek\ cX ZlXekˆX ]`aX[X# cX Xlkfi`qXZ`�e Zfe]\i`[X Xc ;i% 8e^\c :_XZ�e2 p# \c ZXj`cc\if al[`Z`Xc Eif% +'# j\ŒXcX$ [f gXiX gfjk\i`fi\j efk`]`ZXZ`fe\j% Efk`]ˆhl\j\% =% ;i% Afi^\ ;lhl\ >iXeaX% Al\q% ;„Z`df Hl`ekf [\ cf :`m`c [\ G`Z_`eZ_X% GXik`ZlcXi hl\ gfe^f \e jl Zfef$ Z`d`\ekf gXiX cfj ]`e\j [\ C\p# gi\m`e`„e[fc\ [\ cX fYc`^XZ`�e [\ j\ŒXcXi ZXj`cc\if al[`Z`Xc gXiX gfjk\i`fi\j efk`]`ZXZ`fe\j [\ekif [\c g\iˆd\kif [\ \jk\ alq^X[f# Xhlˆ \e cX Z`l[X[ [\ DXZ_XZ_`% Cf hl\ Zfdle`Zf X L[%# gXiX cfj ]`e\j [\ C\p% :\ik`]`Zf% ;I% N8J?@E>KFE DFC@E8 M% J<:I<K8I@F ?Xp ]`idX p j\ccf 8:&((('.&k]
ALQ>8;F J<OKF ;< CF :@M@C ;< G@:?@E:?8 :@K8:@äE AL;@:@8C 81 N@CC8D I8DFE J8CM8;FI KF98I < O K I 8 : K F 8:KFI1 9C8E:8 @E<J ?L<IK8 98K@FA8 ;<D8E;8;81 N@CC8D I8DFE J8CM8;FI KF98I AL@:@F1 ;@MFI:@F Ef% ,,,$)'((% JXcfd\ Ifdf >% KI8D@K<1 M<I98C JLD8I@F :L8EK@81 @E;<K<ID@E8;8 F9A<KF1 ;Xi gfi [`jl\ckf \c m`e$ Zlcf dXki`dfe`Xc GIFM@;<E:@8 ALQ>8;F J<OKF ;< CF :@M@C ;< G@:?@E:?8%$ Hl`kf# dXik\j (. [\ dXpf cXj (.?+-%$ M@JKFJ%$Gfi Zldgc`[f Zfe \c i\hl\i`d`\ekf hl\ Xek\Z\[\%$ CX [\dXe[X [\ [`mfiZ`f hl\ gi\j\ekX 9cXeZX @e„j ?l\ikX 9Xk`faX \e ZfekiX [\ N`ccXd IXdÂ?e JXcmX[fi KfYXi# i\Â’e\ cfj i\hl`j`kfj c\^Xc\j2 \e Zfej\Zl\e$ Z`X j\ c\ XZ\gkX X ki}d`k\ gfi cX mˆX M\iYXc JldXi`X \jkXYc\Z`[X \e cX j\ZZ`Â?e )*# 8ikj% /)/ p j`^l`\ek\j [\c :Â?[`^f [\ GifZ\[`d`\ekf :`m`c%$ 8k\ekX cX Xj\m\iXZ`Â?e aliXd\ekX[X [\ cX [\dXe[Xek\ i\jg\Zkf X cX `dgfj`Y`c`[X[ [\ [Xi Zfe cX `e[`m`$ [lXc`[X[ f i\j`[\eZ`X [\c [\dXe$
[X[f# Zˆk\j\ Zfe le \okiXZkf [\ cX [\dXe[X p Zfe \c [\ \jkX gifm`$ [\eZ`X X N`cc`Xd IXd�e JXcmX[fi KfYXi gfi cX gi\ejX \e lef [\ cfj g\i`�[`Zfj [\ dXpfi Z`iZlcXZ`�e hl\ j\ \[`kXe \e \jkX Z`l[X[ [\ Hl`kf Xjˆ Zfdf \e le g\i`�[`Zf [\ dXpfi Z`iZlcXZ`�e [\ cX gifm`eZ`X [\ <jd\iXc[Xj Zfdf cf \jkXYc\Z\ \c 8ik% ((0 [\c :�[`^f :`m`c2 gfi ki\j fZXj`fe\j Zfe `ek\imXcfj [\ gfi cf d\efj fZ_f [ˆXj \eki\ leX glYc`ZXZ`�e p fkiX%$ 8^i„^l\j\ Xc gifZ\jf cfj [fZld\ekfj X[alekfj X cX [\dXe[X p \jZi`kf gi\j\ekX$ [f%$ Efk`]ˆhl\j\ X cX XZkfiX \e cX ZXj`ccX Ef% ,'*/%$ EFK@=@HL<J< Cf hl\ Zfdle`Zf X ljk\[ gXiX cfj ]`e\j c\^Xc\j g\ik`e\ek\j# gi\m`e`„e[fc\ [\ cX fYc`^XZ`�e hl\ k`\e\ [\ j\ŒXcXi ZXj`cc\if al[`Z`Xc [\ le XYf^X[f \e \jkX ZXljX gXiX ]lkliXj efk`]`ZXZ`fe\j% ;I% <;N@E :<M8CCFJ 8DGL;@8 J<:I<K8I@F ?Xp ]`idX p j\ccf 8:&((('/&k]
I<GL9C@:8 ;<C <:L8;FI ALQ>8;F GI@D<IF ;< CF :@M@C ;< G@:?@E:?8 <OKI8:KF :@K8:@FE AL;@:@8C 8 ;@CCFE FM@<;F ><FM8EEP <;DLE;F 8:KFI1 IL8C<J I<P<J J?@IC<P ><FM8EP ;<D8E;8;F1 ;@CCFE FM@<;F ><FM8EEP <;DLE;F AL@:@F ;@MFI:@F Ef% ,,+$)'(($ ;% >8IQFE% :8J@CC8 AL;@:@8C Ef .* ;<=<EJFI1 ;I% G<;IF IL8C<J GIFM@;<E:@81 ALQ>8;F GI@D<IF ;< CF :@M@C ;< G@:?@E:?8%$ Hl`kf# cle\j (- [\ dXpf [\c )'((# cXj '/_(.%$ 8mfZf ZfefZ`d`\ekf [\ cX gi\j\ek\ ZXljX# \e m`jkX [\c jfik\f i\Xc`qX[f%$ <e cf gi`eZ`gXc# cX XZkfiX ZfdgXi\qZX X \jkX Al[`ZXkliX p ZldgcX Zfe cf [`jgl\jkf \e 8ik% /) [\c :�[`^f [\ GifZ\[`d`\ekf :`m`c# \e \c k„id`ef [\ ki\j [ˆXj p YXaf gi\m\eZ`fe\j [\ C\p%$ Efk`]ˆhl\j\% ALQ>8;F GI@D<IF ;< CF :@M@C ;< G@:?@E:?8%$ Hl`kf# cle\j )* [\ dXpf [\c )'((# cXj ((_'(%$ M@JKFJ1 <c \jZi`kf gi\j\ekX[f X^i„^l\j\ Xc gifZ\jf% <e cf gi`e$ Z`gXc# cX [\dXe[X gi\j\ekX[X \j ZcXiX# gi\Z`jX p i\’e\ cfj [\d}j i\hl`j`kfj [\ C\p# gfi cf hl\ j\ XZ\gkX X ki}d`k\ M\iYXc JldXi`f% <e Zfej\Zl\eZ`X# Zfe cX [\dXe$ [X gi\j\ekX[X p gifm`[\eZ`X hl\ Xek\Z\[\# Z�iiXj\ kiXjcX[f Xc j\Œfi ><FM8EEP <;DLE;F ;@CCFE FM@<;F% :fe \c aliXd\ekf i\e[`[f gfi cX XZkfiX p [\ Zfe]fi$ d`[X[ Zfe cf [`jgl\jkf \e \c 8ik% /) [\c :�[`^f [\ GifZ\[`d`\ekf :`m`c# Zˆk\j\ Xc [\dXe[X[f gfi cX gi\ejX \e lef [\ cfj g\i`�[`Zfj [\ dXpfi Z`iZlcXZ`�e [\ \jkX Z`l[X[ [\ Hl`kf% K„e^Xj\ \e Zl\ekX \c ZXj`cc\if al[`Z`Xc j\ŒXcX[f p X^i„$ ^l\j\ cfj [fZld\ekfj XZfdgXŒX$ [fj% Efk`]ˆhl\j\ ;I% 8C=I<;F >I@A8CM8 DLzFQ%
'$ DecXh[i o Wf[bb_Zei Z[ bWi fWhj[i YedjhWjWdj[i1 ($ KX_YWY_ÂŒd Z[b beYWb Whh[dZW# Ze1 )$ Ikf[h\_Y_[1 *$ ;ijWZe Z[b beYWb Whh[dZWZe1 +$ ;b fh[Y_e Z[b Whh_[dZe" \[Y^W" bk]Wh o \ehcW Z[ fW]e1 ,$ :[ij_de Z[b _dck[Xb[ Whh[d# ZWZe1 -$ FbWpe Z[b YedjhWje1 .$ :ec_Y_b_e o `k[p Yecf[j[dj[ [d YWie Z[ Yedjhel[hi_W1 /$ Ck[Xb[i _dYehfehWZei1 o" '&$ <_hcW Z[ bei YedjhWjWdj[i$ DEJ70 BWi fWhj[i Z[ Yec‘d WYk[hZe fk[Z[d W]h[]Wh lWh_Wi Yb|kikbWi" Z[ WYk[hZe W bWi Y_h# YkdijWdY_Wi Z[b YWie$ IeXh[ [ij[ j[cW" jhWje Yed Z[jW# bb[" [d c_ b_Xhe j_jkbWZe C7DK7B FHĂ›9J?9E ;D C7J;H?7 :; ?DGK?B?D7JE$
.2_Ŋ 1!~ Ŋ +!.-~ ĔŊ Ŋ Ŋ
ĹŠ ĹŠ ĹŠ
AL<Q Cf hl\ gfe^f \e ZfefZ`d`\ekf Xc gÂ’Yc`Zf \e ^\e\iXc# gXiX cfj ]`e\j c\^Xc\j Zfii\jgfe[`\ek\j% ;i% GXYcf Kfif :Xii`ccf J<:I<K8I@F ?Xp ]`idX p j\ccf 8:&((('-&k]
I% ;<C <% ALQ>8;F J<>LE;F ;< CF :@M@C ;< G@:?@E:?8 :@K8:@äE AL;@:@8C :@K8:@äE AL;@:@8C 81 <I@B8 J@CM8E8 DFIF:?F DFIF:?F 8:KFI1 <;>8I >@C9<IKF F:?F8 C<D8# D8E;8K8I@F ;< CL@J <;L8I;F 8QF>L< :?@J8> AL@:@F1 ;@MFI:@F Ef% ((+$)'(($ DC8 KI8D@K<1 M<I98C JLD8I@F ;<D8E;8;81 <I@B8 J@CM8E8 DFIF:?F DFIF:?F :L8EK@81 @E;<K<ID@E8;8 ALQ>8;F J<>LE;F ;< CF :@M@C ;< G@:?@E:?8%$ Hl`kf# m`\ie\j ( [\ XYi`c [\c )'((# cXj ('_*.%$ M@JKFJ%$ 8mfZf ZfefZ`d`\ekf [\ cX gi\j\ek\ ZXljX \e m`ikl[ [\c f]`Z`f Ef% (*'/$;G$;GG# [\ ]\Z_X . [\ alc`f [\c )'('%$ 8^i„^l\j\ \c \jZi`kf gi\j\ekX[f%$ <e cf gi`eZ`$ gXc# cX [\dXe[X hl\ Xek\Z\[\ \j ZcXiX# gi\Z`jX p i\Â’e\ cfj [\d}j i\hl`j`kfj [\ ]fidX \o`^`[fj \e cX c\p%$ ;\j\ \c ki}d`k\ m\iYXc jldX$ i`f [\ Zfe]fid`[X[ Zfe cf [`jgl\j$ kf \e cfj 8ikj% /)/ p j`^l`\ek\j [\c :Â?[`^f [\ GifZ\[`d`\ekf :`m`c%$ :ˆk\j\ X cX [\dXe[X[X <I@B8 J@CM8E8 DFIF:?F DFIF:?F# [\ Zfe]fid`[X[ Zfe cf \jkXYc\$ Z`[f \e \c 8ik% /) [\c :Â?[`^f [\ GifZ\[`d`\ekf :`m`c p aliXd\ekf i\e[`[f# gfi cX gi\ejX \e lef [\ cfj [`Xi`fj [\ dXpfi Z`iZlcXZ`Â?e hl\ j\ \[`kX \e \jkX Z`l[X[# d\[`Xe[f \c k„id`ef [\ ZlXe[f d\efj fZ_f [ˆXj \eki\ leX p fkiX glYc`ZXZ`Â?e%$ K„e^Xj\ \e Zl\ekX cX `ej`elXZ`Â?e [\c j\ÂŒfi AFI>< 8QF>L<# Zfdf ZliX[fi X[$c`k\d%$ K„e^Xj\ \e Zl\ekX \c ZXj`cc\if al[`Z`Xc [\j`^$ eX[f%$ 8^i„^l\j\ \c \jZi`kf p cX [fZld\ekXZ`Â?e X[alekX%$ :Ă K<J< P EFK@=Ă HL<J<%$ ;I% =89I@:@F J<>FM@8 9<K8E:FLIK AL<Q <E:8I>8;F Cf hl\ Zfdle`Zf p c\ Z`kf X ljk\[ gXiX cfj ]`e\j c\^Xc\j Zfe$ j`^l`\ek\j# gi\m`e`„e[fc\ [\ cX fYc`^XZ`Â?e hl\ k`\e\ [\ j\ÂŒXcXi [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 ]`idX p j\ccf 8:&(((')&k] C8 I<GL9C@:8 ;<C <:L8;FI ALQ>8;F M@><J@DF :L8IKF ;< CF :@M@C ;< G@:?@E:?8 :@K8:@äE AL;@:@8C 8 C8 J<zFI8 ALC@8E8 J8EK8D8I@8 D<J8 ;<C AL@:@F
M<I98C JLD8I@F ;`mfiZ`f # GIFGL<JK8 <E JL :FEKI8 GFI <C J<zFI 89<C CL@J 9<E8C:8Q8I ;@8Q% 8:KFI1 89<C CL@J 9<E8C:8Q8I ;@8Q% ; < D 8 E ;8 ; F 1 A L C @ 8 E 8 J8EK8D8I@8 D<J8 AL@:@F1 M\iYXc JldXi`f ;`mfiZ`f )'(($'*.'$I>: :L8EK@81 @E;<K<ID@E8;8 =<:?8 ;< @E@:@8:@äE1 (0 [\ DXpf [\c )'((% GIFM@;<E:@81 ALQ>8;F M@><J@DF :L8IKF ;< CF :@M@C ;< G@:?@E:?8%$ HL@KF# (0 [\ DXpf [\c )'((# cXj (,_'-%$ M@JKFJ1 :ldgc`[f hl\ _X j`[f \c i\hl\i`d`\ekf jfc`Z`kX[f \e gif$ m`[\eZ`X `e`Z`Xc# cX [\dXe[X hl\ Xek\Z\[\ j\ cX ZXc`]`ZX [\ ZcXiX# gi\Z`jX# Zfdgc\kX p hl\ i\Â’e\ cfj [\d}j i\hl`j`kfj [\ c\p2 gfi cf kXekf# j\ cX XZ\gkX X ki}d`k\ \e cX mˆX [\c al`Z`f m\iYXc jldXi`f%$ <e cf gi`eZ`gXc# Xk\ekX Xc aliXd\ekf i\e[`[f gfi cX XZkfiX p [\ Zfe$ ]fid`[X[ X cf [`jgl\jkf \e \c 8ik% /) [\c :Â?[`^f [\ GifZ\[`d`\ekf :`m`c# Zˆk\j\ X cX JI8% ALC@8E8 J8EK8D8I@8 D<J8# d\[`Xek\ ki\j glYc`ZXZ`fe\j hl\ j\ _Xi}e# ZX[X leX [\ \ccXj \e ]\Z_X [`j$ k`ekX# \e le g\i`Â?[`Zf [\ Xdgc`X Z`iZlcXZ`Â?e [\ cX Z`l[X[ [\ Hl`kf# gifm`eZ`X [\ G`Z_`eZ_X2 p# kXc Zfdf cf [`jgfe\ \c 8ik% ((0 [\c :Â?[`^f :`m`c# \j [\Z`i# j\ cXj _Xi} d\[`Xe[f k„id`ef [\ fZ_f [ˆXj# gfi cf d\efj# \eki\ cX leX p cX fkiX%$ KÂ?d\j\ efkX [\ cX ZlXekˆX p [fd`Z`c`f al[`Z`Xc j\ÂŒXcX[fj gfi \c JI% 89<C CL@J 9<E8C:8Q8I ;@8Q p cX Xlkfi`qXZ`Â?e hl\ [X X jl XYf^X[f [\]\ejfi%$ 8^i„^l\j\ Xc gifZ\jf cX [fZld\ekXZ`Â?e XZfd$ gXÂŒX[X%$ :ˆk\j\ p efk`]ˆhl\j\% = ;iX% DÂ?e`ZX =cfi GXqd`ÂŒf% Al\qX Cf hl\ Zfdle`Zf X ljk\[ gXiX cfj ]`e\j [\ C\p# gi\m`e`„e[fc\ [\ cX fYc`^XZ`Â?e hl\ k`\e\ [\ j\ÂŒXcXi ZXj`cc\if al[`Z`Xc \e \jkX Z`l[X[ [\ Hl`kf# gXiX gfjk\i`fi\j efk`$ ]`ZXZ`fe\j% 8Y% DXi`f CXjjf Fik\^X% J<:I<K8I@F ;<C ALQ>8;F M@><J@DF :L8IKF ;< CF :@M@C ;< G@:?@E:?8 ?Xp ]`idX p j\ccf 8:&((('*&k]
I<GL9C@:8 ;<C <:L8;FI ALQ>8;F J<>LE;F ;< CF :@M@C ;< G@:?@E:?8 :@K8:@äE AL;@:@8C :`kXZ`�e al[`Z`Xc X :8ICFJ ><ID8E HL@EK<IF 8IF:8# Zlpf k\efi \j \c j`^l`\ek\1 8:KFI1 C@E8 E@:FC8C;< M<C8J:F ;<D8E;8;F1 :8ICFJ ><ID8E HL@EK<IF 8IF:8 AL@:@F1 ;@MFI:@F Ef% +/)$)'(($ DC8% KI8D@K<1 M<I98C JLD8I@F :L8EK@81 @E;<K<ID@E8;8 ALQ>8;F J<>LE;F ;< CF :@M@C ;< G@:?@E:?8%$ Hl`kf# m`\ie\j (* [\ dXpf [\c )'((# cXj ((_,-%$
M@JKFJ%$ 8mfZf ZfefZ`d`\ekf [\ cX gi\j\ek\ ZXljX \e m`ikl[ [\c f]`Z`f Ef% (*'/$;G$;GG# [\ ]\Z_X . [\ alc`f [\c )'('%$ 8^i„^l\j\ \c \jZi`kf gi\j\ekX[f%$ <e cf gi`eZ`gXc# cX [\dXe[X hl\ Xek\$ Z\[\ \j ZcXiX# gi\Z`jX p i\Â’e\ cfj [\d}j i\hl`j`kfj [\ ]fidX \o`$ ^`[fj \e cX c\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%$ :ˆk\j\ Xc [\dXe[X[f :8ICFJ ><ID8E HL@EK<IF 8IF:8 [\ Zfe]fid`$ [X[ Zfe cf \jkXYc\Z`[f \e \c 8ik% /) [\c :Â?[`^f [\ GifZ\[`d`\ekf :`m`c p aliXd\ekf i\e[`[f# gfi cX gi\ejX \e lef [\ cfj [`Xi`fj [\ dXpfi Z`iZlcXZ`Â?e hl\ j\ \[`kX \e \jkX Z`l[X[# d\[`Xe[f \c k„id`ef [\ ZlXe[f d\efj fZ_f [ˆXj \eki\ leX p fkiX glYc`ZXZ`Â?e%$ K„e^Xj\ \e Zl\ekX cX `ej`elXZ`Â?e [\ cX j\ÂŒfiX DXiZ`X E`ZfcXc[\# Zfdf ZliX[fiX X[$c`k\d%$ K„e^Xj\ \e Zl\ekX \c ZXj`cc\if al[`Z`Xc [\j`^$ eX[f%$ 8^i„^l\j\ \c \jZi`kf p cX [fZld\ekXZ`Â?e X[alekX%$ :Ă K<J< P EFK@=Ă HL<J<%$ ;I% =89I@:@F J<>FM@8 9<K8E:FLIK AL<Q <E:8I>8;F ALQ>8;F J<>LE;F ;< CF :@M@C ;< G@:?@E:?8%$ Hl`kf# dXik\j )+ [\ dXpf [\c )'((# cXj '/_)0%$ ;\ Zfe]fid`[X[ Zfe cf \jkXYc\Z`$ [f \e \c 8ik% )0' [\c :Â?[`^f [\ GifZ\[`d`\ekf :`m`c# j\ XdgcˆX cX gifm`[\eZ`X [\ ]\Z_X (* [\ dXpf [\c )'((# \e \c j\ek`[f hl\ \c gi`d\i Xg\cc`[f [\c [\dXe[X[f \j HL@EK<IFJ ef Hl`ek\if%$ <e kf[f cf [\d}j cX gifm`[\eZ`X Xek\j d\eZ`feX[X hl\[X `^lXc%$ EFK@=@HL<J<%$ ;I% =89I@:@F J<>FM@8 9 < K 8 E : F L I K% A L < Q <E:8I>8;F Cf hl\ Zfdle`Zf X ljk\[ gi\m`$ e`\e[fc\ [\ cX fYc`^XZ`Â?e hl\ k`\e\ [\ j\ÂŒXcXi [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 ]`idX p j\ccf 8:&(('0.&k]
ALQ>8;F M@><J@DF K<I:<IF ;< CF :@M@C ;< G@:?@E:?8 :@K8:@FE AL;@:@8C I% ;<C <% 8c j\ÂŒfi X AL8E AFJ< :Lz<Q PLHL@C<D8 j\ c\ _XZ\ ZfefZ\i
<C <OKI8:KF ;< ;<D8E;8 ;< ;@MFI:@F p cX GIFM@;<E:@8# hl\ X Zfek`elXZ`�e j`^l\1 <OKI8:KF 8Zkfi X 1 C<D8 C<D8:?< <C:@8 8D<I@:8 :lXekˆX1 @e[\k\id`eX[X Ki}d`k\1 M\iYXc JldXi`f =\Z_X [\ @e`Z`XZ`�e1 )0 [\ efm`\d$ Yi\ [\ )'((% :XljX [\ ;@MFI:@F Ef% )'('$ (-(+$AF?E 8P8C8 GIFM@;<E:@81 ALQ>8;F M@><J@DF K<I:<IF ;< CF :@M@C ;< G@:?@E:?8%$ Hl`kf# m`\ie\j (, [\ XYi`c [\c )'((# cXj ((_)0%$M@JKFJ1 8mfZf ZfefZ`$ d`\ekf [\ cX gi\j\ek\ ZXljX \e ZXc`[X[ [\ Al\q <eZXi^X[f j\^’e XZZ`�e [\ g\ijfeXc Ef% .-)$;G$ ;GG%# [\ () [\ XYi`c [\ )'((%$ <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`X Z�iiXj\ kiXjcX[f Zfe cX [\dXe[X p \jkX gifm`[\eZ`X Xc [\dXe[X[f j\Œfi AL8E AFJ< :Lz<Q PLHL@C<D8# X hl`\e j\ c\ Z`kXi} gfi d\[`f [\ glYc`ZXZ`fe\j \e lef [\ cfj [`Xi`fj [\ dXpfi Z`i$ ZlcXZ`�e p hl\ j\ \[`kXe \e „jkX [\ Hl`kf p [\ cX ZXg`kXc [\ cX gifm`eZ`X [\ 9fc`mXi Zfe]fid\ \c XikˆZlcf ((0 [\c :�[`^f :`m`c%$ :fe cX `ej`elX$ Z`�e [\ :liX[fi 8[$c`k\d# �`^Xj\ cX fg`e`�e [\c i\gi\j\ekXek\ [\c D`e`jk\i`f G’Yc`Zf%$8^i„^l\ej\ Xc gifZ\jf cfj [fZld\ekfj gi\$ j\ekX[fj%$ K„e^Xj\ \e Zl\ekX \c ZXj`cc\if p [fd`Z`c`f al[`Z`Xc [\j`^eX[fj%$ EFK@=@HL<J<%$ Cf hl\ Zfdle`Zf gXiX cfj ]`e\j [\ C\p# X[m`ik`„e[fc\ [\ Xc fYc`^X$ Z`�e hl\ k`\e\ [\ j\ŒXcXi [fd`Z`c`f al[`Z`Xc \e \c gXcXZ`f [\ aljk`Z`X [\ \jkX Z`l[X[% :\ik`]`Zf% Hl`kf# (/ [\ dXpf [\ )'((% 8Y^% Afi^\ D`\i 9liYXef% J<:I<K8I@F ?Xp ]`idX p j\ccf 8:&(('.0&k]
cX j\ŒfiX M<IFE@:8 9<8KI@Q ?8IF D<;@8M@CC8%$ ;<D8E;8;F1 N@CC@8D =<C@G< M8I>8J :8@:<;F F9A<KF ;< C8 ;<D8E;8%$ Jfc`Z`kX hl\ d\[`Xek\ j\ek\eZ`X j\ [\ZcXi\ [`jl\ckf \c mˆeZlcf dXki`dfe`Xc hl\ cfj le\1 KI8D@K<1 Al`Z`f M\iYXc JldXi`f AL<Q ;< C8 :8LJ8%$ 89>% 8E><C IF;I@>L<Q =8A8I;F 8LKF @E@:@8C%$ CX [\dXe[X hl\ Xek\Z\[\ gfi i\le`i cfj i\hl`j`kfj [\ C\p# j\ cX ZXc`]`ZX [\ ZcXiX# gi\$ Z`jX p Zfdgc\kX# iXq�e gfi cX ZlXc j\ cX X[d`k\ Xc ki}d`k\ [\c Al`Z`f M\iYXc JldXi`f hl\ c\ Zfii\jgfe$ [\%$ :ˆk\j\ Xc [\dXe[X[f# gfi d\[`f [\ cX gi\ejX# \e lef [\ cfj g\i`�[`Zfj [\ \jkX Z`l[X[ [\ DXZ_XcX# Xjˆ Zfdf kXdY`„e \e lef [\ cX Z`l[X[ [\ Hl`kf# ZXg`kXc [\ cX Gifm`eZ`X [\ G`Z_`eZ_X# [fe[\ j\ Z\c\Yi� \c dXki`dfe`f# [\ Zfe]fi$ d`[X[ Zfe cf [`jgl\jkf \c 8ik% /) [\c :�[`^f [\ GifZ\[`d`\ekf :`m`c Zf[`]`ZX[f# \e i\cXZ`�e Zfe \c 8ik% ((0 [\c :�[`^f :`m`c# kf[X m\q hl\ \c XZkfi X]`idX YXaf aliXd\ekf [\ hl\ c\ \j `dgfj`Yc\ [\k\id`eXi cX i\j`[\eZ`X f [fd`Z`c`f XZklXc [\c Xek\j d\eZ`feX[f [\dXe[X[f% GlYc`ZXZ`�e hl\ j\ cX _Xi} Zfe c\kiX k`gf ?\cm„k`ZX Zfe kXdXŒf [\ ]l\ek\ Ef% /# X [fYc\ ZfcldeX% GXik`ZlcXi hl\ Zfdle`Zf X ljk\[# gXiX cfj ]`e\j [\ c\p# X[m`ik`„e[f$ c\ [\ cX fYc`^XZ`�e hl\ k`\e\ [\ ZfdgXi\Z\i Xc al`Z`f [\ekif [\ cfj )' [ˆXj gfjk\i`fi\j X cX k\iZ\iX p ’ck`dX glYc`ZXZ`�e [\ \jk\ Xm`jf# ZXjf ZfekiXi`f j\i} [\ZcXiX[f \e i\Y\c[ˆX% DXZ_XcX# - [\ 8Yi`c 8 Y% = I8 E :F 8 I <M8 CF M8C8I<QF J<:I<K8I@F ALQ>8;F K<I:<IF ;< CF :@M@C P D<I:8EK@C ;< <C FIF ?Xp j\ccf p ]`idX 8%:%&.0.).&k]
I% [\c <% ALQ>8;F K<I:<IF ;< CF :@M@C ;< <C FIF <OKI8:KF ;< :@K8:@FE 81 N@CC@8D =<C@G< M8I>8J :8@:<;F C< ?8>F J89<I%$ Hl\ \e \jk\ Alq^X[f d\[`Xek\ jfik\f# c\ Zfii\jgfe[\ ZfefZ\i cX [\dXe[X [\ ;`mfiZ`f Ef% '.,&)'((# Zlpf \okiXZkf \j Zfdf j`^l\1 8:KFI1 ;i% AFJ< K8G@8 KFII<J# \e jl ZXc`[X[ [\ 8gf[\iX[f <jg\Z`Xc p GifZliX[fi Al[`Z`Xc [\
I% [\c <% ALQ>8;F ;<:@DF J<GK@DF ;< CF :@M@C ;< G@:?@E:?8 :@K8:@FE AL;@:@8C 8c j\ÂŒfi IFDLCF <>@;@F :?8M<Q J8C8Q8I# j\ c\ _XZ\ jXY\i hl\ \e \jkX Al[`ZXkliX j\ c\ _X gifgl\jkf al`Z`f [\ ;`mfiZ`f \e jl ZfekiX \e cfj j`^l`\ek\j k„id`efj1 8:KFI81 G`cXi GXki`Z`X :_}m\q :XimXaXc ;<D8E;8;F1 IÂ?dlcf <^`[`f :_}m\q JXcXqXi AL@:@F1 ;`mfiZ`f Eif% +,,$)'(( ÆA%A%# 8ik% ('0# eld\iXc [„Z`dX gi`$ d\iX `eZ`jf j\^le[f [\c :Â?[`^f :`m`c% :L8EK@81 @e[\k\id`eX[X KI8D@K<1 M\iYXc JldXi`f 89F>8;F ;<=<EJFI1 ;fZkfi IfY\ikf 8pXcX :ljkf[\ GIFM@;<E:@81 ALQ>8;F ;<:@DF J<GK@DF ;< CF :@M@C ;< G@:?@E:?8%$ JXe^fchlˆ# X '* [\ DXpf [\c )'((%$ 8 cXj ('_,,% M@JKFJ1$ CX [\dXe[X hl\ Xek\$
REPUBLICA DEL ECUADOR SUPERINTENDENCIA DE COMPAÑIAS
EXTRACTO CONSTITUCION DE LA COMPAÑ�A COMPAÑIA DE SERVICIOS DESMONTSYSTEM S.A.
La compaĂąĂa COMPAĂ‘IA DE SERVICIOS DESMONTSYSTEM S.A. se constituyĂł por escritura pĂşblica otorgada ante el Notario TrigĂŠsimo Primero del Distrito Metropolitano de Quito, el 24 de Mayo de 2011 , fue aprobada por la Superintendencia de CompaĂąĂas, mediante ResoluciĂłn SC.IJ.DJC.Q.11.002412 de 03 de Junio de 2011. 1. DOMICILIO: Distrito Metropolitano de Quito, provincia de PICHINCHA, 2. CAPITAL: Suscrito US$ 800,00 NĂşmero de Acciones 800 Valor US$ 1,00 3. OBJETO: El objeto de a compaĂąĂa es: A) DISEĂ‘O, ELABORACION, EJECUCION, COMERCIALIZACION, IMPORTACION, EXPORTACION DE SOFTWARES ESPECIALIZADOS Y SOLUCIONES INFORMATICAS PARA LA GESTION DE FLOTAS, DESPACHO Y LOCALIZACION VEHlCULAR ...... Quito. 03 de Junio de 2011. Dr. Oswaldo Noboa LeĂłn. DIRECTOR JURIDICO DE COMPAĂ‘IAS AC/11109/tf
(0/'0&0/0+,
IŒbe [i Z_]de Z[ b_X[hjWZ gk_[d iWX[ Yedgk_ijWhbW YWZW Z‡W$ @E>7DD MEB<=7D= LED =E;J>;
Z\[\ \j ZcXiX# gi\Z`jX# Zfdgc\kX p i\’e\ cfj [\d}j i\hl`j`kfj [\ C\p# gfi cf hl\ j\ cX XZ\gkX Xc ki}d`k\ i\jg\Zk`mf# \e al`$ Z`f M\iYXc JldXi`f%$ 8k\ekf Xc aliXd\ekf i\e[`[f gfi cX gXik\ XZkfiX# Zˆk\j\ Xc [\dXe[X[f j\Œfi IFDLCF <>@;@F :?8M<Q J8C8Q8I# [\ Zfe]fid`[X[ Zfe cf hl\ [`jgfe\ \c 8ik% /) [\c :�[`^f [\ GifZ\[`d`\ekf :`m`c# \e lef [\ cfj [`Xi`fj [\ dXpfi Z`iZlcXZ`�e \e cX Z`l[X[ [\ Hl`kf%$ 8^i„^l\j\ cfj [fZld\ekfj gi\j\ekX[fj%$ K„e^Xj\ \e Zl\ekX \c ZXj`cc\if al[`Z`Xc Eif% (+( p cX Xlkfi`qXZ`�e Zfe]\i`[X Xc ;fZkfi IfY\ikf 8pXcX :ljkf[\%$ EFK@=@HL<J< =[f% ;i% Cl`j <[lXi[f KX`g\ >% AL<Q <E:8I>8;F % Cf hl\ Zfdle`Zf X Ljk\[ gXiX cfj ]`e\j [\ c\p# gi\m`e`„e[fc\ [\ cX fYc`^XZ`�e hl\ k`\e\ [\ j\ŒXcXi ZXj`cc\if al[`Z`Xc \e \jkX Z`l[X[ [\ J8E>FCHL@# gXiX jlj gfjk\i`fi\j efk`]`ZXZ`fe\j% :\ik`]`Zf%$ ;i% =\ieXe[f >iXeaX CXeXj J<:I<K8I@F ALQ>8;F (.df% ;< CF :@M@C ;< G@:?@E:?8 ?Xp le j\ccf 8%:%&.0,', ( k]
ALQ>8;F EFM<EF ;< CF :@M@C ;< @D989LI8 :@K8:@äE AL;@:@8C1 Xc j\ÂŒfi1 DXiZfj M`e`Z`f M`cc\^Xj >l\mXiX AL@:@F M\iYXc JldXi`f Ef% )/)$ )'((% GIFGL<JKF GFI1 ;fi`j @mÂ?e :\mXccfj DfekXcmf <E :FEKI8 ;<1 DXiZfj M`e`Z`f M`cc\^Xj >l\mXiX D8K<I@81 ;`mfiZ`f @E@:@8;F <C1 ). [\ XYi`c )'(( :L8EKĂ 81 @e[\k\id`eX[X <OKI8:KF1 ALQ>8;F EFM<EF ;< CF :@M@C ;< @D989LI8%$ 8klekXhl`# DXpf (* [\c )'((# CXj (+?+,%$ M@JKFJ1 8^i„^l\j\ Xc gifZ\jf \c \jZi`kf gi\j\ekX[f% <e cf gi`eZ`gXc# cX [\dXe[X hl\ Xek\Z\[\ \j ZcXiX# gi\Z`jX p i\Â’e\ cfj i\hl`j`kfj [\ c\p# gfi kXekf# j\ XZ\gkX Xc ki}d`k\ M\iYXc JldXi`f hl\ c\ Zfii\jgfe$ [\% :ˆk\j\ Zfe cX [\dXe[X p Xlkf i\ZXˆ[f Xc ZÂ?epl^\ [\dXe[X[f# DXiZfj M`e`Z`f M`cc\^Xj >l\mXiX# \e d„i`kf X cX [\ZcXiXZ`Â?e aliX$ d\ekX[X [\ ]faXj - ml\ckX [\ cfj Xlkfj# gfi cX gi\ejX# d\[`Xek\ ki\j glYc`ZXZ`fe\j \e lef [\ cfj ;`Xi`fj [\ dXpfi Z`iZlcXZ`Â?e \e cX I\^`Â?e Efik\ [\c gXˆj# hl\ j\ \[`$ kXe \e cX Zl`[X[ [\ @YXiiX p Hl`kf#
CONVOCATORIA A JUNTA GENERAL ORDINARIA DE ACCIONISTAS DE INMOBILIARIA ANDIQUE S.A. De conformidad con las disposiciones Estatutarias y de la Ley de CompaĂąĂas, convocase a los seĂąores accionistas de INMOBILIARIA ANDIQUE S.A. a la Junta General Ordinaria, la misma que se instalarĂĄ el dĂa Viernes 17 de Junio del 2011 a las 15H00 horas en las oficinas situadas en la Calle RamĂrez DĂĄvalos Oe1-111 y 10 de Agosto piso 2 de la ciudad de Quito. Esta convocatoria se hace extensiva al Sr. CĂŠsar VĂĄsconez Flores Comisario de la CompaĂąĂa, el cual ha sido convocado personal e individualmente, Los puntos a tratarse son los siguientes: 1. Conocer y resolver el informe que presentarĂĄ el Gerente por el ejercicio 2010. 2. Conocer y resolver sobre el informe que presentarĂĄ el Comisario por el ejercicio 2010. 3. Conocer y resolver sobre los Balances General, Estado de PĂŠrdidas y Ganancias y demĂĄs anexos del ejercicio 2010. 4. Nombramiento de Gerente. 5. Nombramiento de Presidente. 6. Nombramiento de Comisario. 7. Nombramiento de Directores Principales y Suplentes. 8. Varios. Los documentos que serĂĄn conocidos por la Junta General se encuentran a disposiciĂłn de los seĂąores accionistas, en las oficinas de la CompaĂąĂa ubicadas en la RamĂrez DĂĄvalos Oe1-111 y 10 de Agosto. Presidente Carlos Guerrero Barba AC/11092(3)
i\jg\Zk`mXd\ek\# [\ Zfe]fid`[X[ Zfe \c XikˆZlcf ((0 [\c :Â?[`^f :`m`c \e ZfeZfi[XeZ`X Zfe \c XikˆZlcf /) [\c :Â?[`^f [\ GifZ\[`d`\ekf :`m`c% EfdYiXj\ X cX j\ÂŒfiX J`cm`X DX^[Xc\eX DfekXcmf >XiqÂ?e# Zfdf ZliX[fiX 8[$ C`k\d# \e i\gi\j\ekXZ`Â?e [\ cfj _`afj d\ef$ i\j [\ \[X[ M`cc\^Xj$:\mXccfj# \e cX gi\j\ek\ ZXljX# hl`\e [\Y\i} gfj\j`feXij\ [\c ZXi^f# X gXik`i [\c [ˆX [\ _fp \e _fiXj _}Y`c\j% Gfi Zfej`[\iX[X cX ZlXekˆX p \c [fd`Z`c`f j\ÂŒXcX[f gXiX jlj efk`$ ]`ZXZ`fe\j \e cX J\Zi\kXiˆX [\ \jk\ Alq^X[f% K„e^Xj\ Xc 8Yf^X[f JXek`X^f D% 8e[iX[\# Zfdf jl [\]\ejfi% 8^i„^l\j\ Xc gifZ\jf cX [fZld\e$ kXZ`Â?e X[alekX% 8ZkÂ’\ \c ;fZkfi JXek`X^f >i`aXcmX Gfqf# Zfdf J\Zi\kXi`f JlYif^Xek\# \e \jkX ZXljX%$ EFK@=Ă HL<J<% ] ;i% =iXeZ`jZf >lXefcl`jX 8% Cf hl\ :@KF X ljk\[ gXiX cfj ]`e\j c\^Xc\j Zfej`^l`\ek\j# X[m`ik`„e$ [fc\ [\ cX fYc`^XZ`Â?e hl\ k`\e\ [\ j\ÂŒXcXi [fd`Z`c`f Al[`Z`Xc gXiX jlj efk`]`ZXZ`fe\j gfjk\i`fi\j% 8klekXhl`# X (0 [\ dXpf )'(( ;i% JXek`X^f O% >i`aXcmX Gfqf J<:I<K8I@F JL9IF>8EK< ?Xp ]`idX p j\ccf 8[&)),)-&X`
:@K8:@FE AL;@:@8C <OKI8:KF ALQ>8;F J<>LE;F ;< CF :@M@C ;< G8JK8Q8 81 <M8E><C@E8 M8E<Q8 DFEK8zF IF;I@>L<Q GFI ;<J:FEF:<I JL I<J@;<E:@8 < @E;@M@;L8C@;8; 8:KL8C# J< C< ?8:< J89<I% AL<Q1 ;I% FJN8C;F <JG@EFJ8 GI8;F% 8:KFI I@:8I;F 9<E@KF 8>L@C8I CLQLI@8>8% ;<D8E;8;81 <M8E><C@E8 M8E<Q8 DFEK8zF IF;I@>L<Q KI8D@K<1 ;@MFI:@F% D8K<I@81 M<I98C JLD8I@F% :L8EK@81 @E;<K<ID@E8;8 ;FD@:@C@F1 89% D8PI8 LCCF8 <J:F98I ALQ>8;F J<>LE;F ;< CF :@M@C ;< G8JK8Q8% Glpf# cle\j (- [\ dXpf [\c )'((# cXj '0_,/% M@JKFJ1 CX [\dXe[X hl\ Xek\Z\[\# gi\$ j\ekX[X gfi I@:8I;F 9<E@KF 8>L@C8I CLQLI@8>8# \j ZcXiX# Zfdgc\kX# gi\Z`jX p gfi i\le`i cfj i\hl`j`kfj \o`^`[fj \e \c 8ik% -. p ('(* [\c :�[`^f [\ GifZ\[`d`\ekf :`m`c# j\ cX X[d`k\ X ki}d`k\ M\iYXc JldXi`f% <e kXc m`ikl[# gfi ZlXekf \c XZkfi dXe`]`\jkX YXaf aliXd\ekf [\jZfefZ\i \c [fd`Z`c`f \ `e[`m`$ [lXc`[X[ XZklXc [\ cX [\dXe[X[X j\ŒfiX <M8E><C@E8 M8E<Q8 DFEK8zF IF;I@>L<Q# Zˆk\j\c\ gfi d\[`f [\ ki\j glYc`ZXZ`fe\j \[`kX[Xj \e \c [`Xi`f CX ?fiX [\ cX Z`l[X[ [\ Hl`kf# gXiX Zlpf \]\Zkf p gi\m`f X Zfe]\i`ij\ \c \okiXZkf i\jg\Zk`mf# fi[\eXj\ hl\ \c XZkfi ZfdgXi\qZX X i\ZfefZ\i jl ]`idX p i’Yi`ZX [fe[\ Xjˆ cf \ogi\jX YXaf aliXd\ekf# \e ZlXchl`\i [ˆX p _fiX _}Y`c\j% 8 cX [\dXe[X[X j\ c\ Xg\iZ`Y\ [\ cX fYc`^XZ`�e hl\ k`\e\ [\ Zfek\jkXi X cX [\dXe[X \e cX 8l[`\eZ`X [\ :feZ`c`XZ`�e hl\ j\ ZfemfZXiX fgfikleXd\e$ k\% Gfi \o`jk`i d\efi\j [\ekif [\c dXki`dfe`f# gifm„Xj\c\j [\ ZliX[fi 8[$c`k\d X cfj d\efi\j I`Z_Xi[ 8ek_fep p <i`Zb Afjl„ 8^l`cXi DfekXŒf# [`c`^\eZ`X gXiX cf ZlXc j\ f`i} \e Xl[`\eZ`X [\ gXi`\ek\j f g\ijfeXj _fefiXYc\j [\c cl^Xi \e [ˆXj p _fiXj _}Y`c\j# _\Z_f hl\ ]l\i\ p Zfe \c fYa\kf [\ hl\ fg`e\e i\jg\Zkf [\c ZliX[fi# Zl„ek\j\ Zfe \c j\Œfi Al\q [\ cX E`Œ\q p 8[fc\jZ\eZ`X [\ GXjkXqX# X hl`\e j\ c\ efk`]`ZXi} \e jl i\jg\Z$ k`mf [\jgXZ_f% K�d\j\ \e Zl\ekX cX ZlXekˆX# \c ZXj`cc\if al[`Z`Xc p cX Xlkfi`qXZ`�e Zfe]\i`[X X jl 8Yf^X[X ;\]\ejfiX%$ 8^i„^l\j\ cfj [fZld\ekfj% @ek\im\e^X \c j\Œfi 8Y^% >`fmXeep =fej\ZX Cl^f \e ZXc`[X[ [\ j\Zi\kXi`f [\ \jkX al[`ZXkliX# c\^Xcd\ek\ \eZXi$ ^X[f gfi i\jfclZ`�e [\ cX ?% :fik\% EFK@=@HL<J<% ]% ;i% FjnXc[f <jg`efjX GiX[f Al\q J\^le[f [\ cf :`m`c [\ GXjkXqX% Cf hl\ Zfdle`Zf gXiX cfj ]`e\j c\^Xc\j Zfej`^l`\ek\j# X[m`ik`„e$ [fc\ [\ cX fYc`^XZ`�e hl\ k`\e\e [\ j\ŒXcXi ZXj`cc\if al[`Z`Xc gXiX ]lkliXj efk`]`ZXZ`fe\j% =`idX @c\^`Yc\ 8Y^% >`fmXeep =fej\ZX Cl^f% J<:I<K8I@F ;<C ALQ>8;F J<>LE;F ;< CF :@M@C ;< G8JK8Q8 < ?Xp le j\ccf
ALQ>8;F GI@D<IF ;< CF :@M@C ;<C 8QL8P :@K8:@FE AL;@:@8C Al`Z`f Ef% ')+0$)'(( 8 :8@Q8CL@J8 >L<II<IF D8I@8 =<IE8E;8# ZlpX i\j`[\eZ`X \j `dgfj`Yc\ [\k\id`eXi# j\ c\ _XZ\ ZfefZ\i hl\ \e \c Alq^X[f Gi`d\if [\ cf :`m`c [\ :l\eZX X ZXi^f [\c ;i% :„jXi L^Xc[\ 8i\ccXef# j\ _X gi\$ j\ekX[f leX [\dXe[X# cX d`jdX hl\ \e \okiXZkf \j Zfdf j`^l\1 E 8K L I 8 C < Q 8 1 M < I 9 8 C JLD8I@F D8K<I@81 ;@MFI:@F 8:KF I 1 9 F J D < ; @ 8 E F IF;IĂ >L<Q N@CC@8E 8;I@8E :L8EK@81 @E;<K<ID@E8;8 Al`Z`f )+0$)'(( :l\eZX# + [\ DXpf [\c )'((# cXj '/_*+%$ M`jkfj1 8mfZf ZfefZ`d`\ekf [\ cX [\dXe[X hl\ gi\j\ekX1 N@CC@8E 8;I@8E 9FJD<;@8EF IF;IĂ >L<Q# d`jdX hl\# gfi ZcXiX# Zfdgc\kX p i\le`i Zfe cfj i\hl`j`kfj [\c 8ikˆZlcf -. [\c :Â?[`^f [\ GifZ\[`d`\ekf :`m`c# j\ XZ\gkX X ki}d`k\ M\iYXc JldXi`f \c [`mfiZ`f ZXljXc \e ZfekiX [\ D8I@8 =<IE8E;8 :8@Q8CL@J8 >L<II<IF# \e Zfej\Zl\eZ`X# Xek\ \c aliXd\ekf i\e[`[f [\ Zfe$ ]fid`[X[ Zfe \c 8ikˆZlcf /) [\c :Â?[`^f [\ GifZ\[`d`\ekf :`m`c p 8ikˆZlcf ((0 [\c :Â?[`^f :`m`c# j\ [`jgfe\ hl\ j\ c\ Z`k\ gfi cX gi\ejX hl\ j\ \[`kX \e \jkX Z`l[X[ p \e \c cl^Xi [\ Z\c\YiXZ`Â?e [\c dXki`$ dfe`f \e ZlXchl`\i [ˆX p _fiX _}Y`c [\ cXYfi\j [\c Alq^X[f# <jZÂ’Z_\j\ \e Xl[`\eZ`X [\ gXi`\ek\j gXiX cX [\j`^eXZ`Â?e [\ :liX[fi X[ c`k\d [\c d\efi p Zl„ek\j\ Zfe cX fg`e`Â?e [\ lef [\ cfj Al\Z\j [\ cX E`ÂŒ\q p 8[fc\jZ\eZ`X% :fe ]le[Xd\ekf \e \c 8ikˆZlcf (( Ef% ( p *# 8ikˆZlcfj ++ p +, 8ikˆZlcf -0 Ef ( p , [\ cX :fejk`klZ`Â?e \e i\cXZ`Â?e Zfe \c 8ikˆZlcf ( p (( [\c :Â?[`^f [\ cX E`ÂŒ\q# Xc \o`jk`i d\efi [\ \[X[# j\ ]`aX cX g\ej`Â?e gifm`j`feXc Xc`d\ek`Z`X hl\ [\Y\$ i} gXjXi \c [\dXe[Xek\ N`cc`Xe 8[i`Xe 9fjd\[`Xef If[iˆ^l\q \e cX jldX [\ +(%.) [\c jXcXi`f Y}j`Zf le`]`ZX[f# X gXik`i [\c d\j [\ DXpf [\c [fj d`c feZ\# [\ekif [\ cfj gi`d\ifj Z`eZf [ˆXj# [\ ZX[X d\j# dXj cfj Y\e\]`Z`fj [\ C\p p \e cX Zl\ekX hl\ dXek`\e\ \c Alq^X[f \e \c 9XeZf [\ >lXpXhl`c% Efk`]ˆhl\j\% = ;I% :<J8I L>8C;< 8I<CC8EF# AL<Q GI@D<IF :@M@C ;< :L<E:8 8 cX Z`kX[X j\ c\ gi\m`\e\ [\ cX fYc`^XZ`Â?e hl\ k`\e\ [\ j\ÂŒXcXi ZXj`ccX al[`Z`Xc [\ le 8Yf^X[f [\ cX cfZXc`[X[# gXiX efk`]`ZXZ`fe\j hl\ c\ Zfii\jgfe[X% :l\eZX# d`„iZfc\j + [\ dXpf [\c )'((% ;i% MˆZkfi :lchl`Zfe[fi 8j`k`dYXp% J<:I<K8I@F ;<C ALQ>8;F GI@D<IF ;< CF :@M@C ;< :L<E:8 ?Xp ]`idX p j\ccf 8I&/*(-/&k]
Ĺ? ćĹ? Ĺ? Ĺ? Ĺ?Ä‚Ä€Ä Ä
Ĺ? +. Ĺ? ÄŒĹ? [\ cX Z`kX[X C\p I\]fidXkfi`X Xc :Â?[`^f [\ cX E`ÂŒ\q p 8[fc\jZ\eZ`X p Xc 8ik% * [\ cX KXYcX [\ G\ej`fe\j 8c`d\ek`Z`Xj Dˆe`dXj \jkXYc\Z`[X gfi \c :fej\af EXZ`feXc [\ cX E`ÂŒ\q d\[`Xek\ I\jfclZ`Â?e E— '() :EE8$)'(' glYc`ZX[X \e \c I\^`jkif F]`Z`Xc E— )*+ [\ (* [\ Alc`f [\ )%'('# j\ ]`aX gifm`$ j`feXcd\ek\ cX jldX [\ :@<EKF KI<@EK8 ;FC8I<J 8D<I@:8EFJ (*'#'' d\ejlXc\j \e ]Xmfi [\ cfj d\efi\j B<M@E I<E< p 8C<O G8KI@:@F KF8G8EK8 >L8D8E# d}j cfj Y\e\]`Z`fj c\^Xc\j# hl\ j\i}e gX^X[Xj gfi d\jX[Xj X[\$ cXekX[Xj X gXik`i [\ cX gi\j\ekX$ Z`Â?e [\ cX [\dXe[X# X kiXm„j [\c YXeZf [\ >lXpXhl`c# gXiX cf ZlXc cX XZkfiX gifZ\[X X Xg\ikliXi cX kXia\kX B}i[\o \e cX F]`Z`eX [\ C`hl`[XZ`fe\j [\c Alq^X[f [\ cX E`ÂŒ\q p 8[fc\jZ\eZ`X Zfii\jgfe$ [`\ek\%$ I\Z„gk\j\ cX :fe]\j`Â?e Al[`Z`Xc [\c [\dXe[X[f \e cX Xl[`\eZ`X Â’e`ZX%$ F]ˆZ`\j\ Zfe$ ]fid\ jfc`Z`kX \e \c ]fidlcXi`f [\ [\dXe[X# eld\iXc (*# c`k\iXc Z %$ <e m`ikl[ [\c XikˆZlcf @eeld\iX[f ), [\c :Â?[`^f [\ cX E`ÂŒ\q p 8[fc\jZ\eZ`X# j\ fi[\eX cX gif_`Y`$ Z`Â?e [\ jXc`[X [\c gXˆj [\c [\dXe$ [X[f AFJ< D8EL<C KF8G8EK8 J@D8CL@J8# gfikX[fi [\ cX Z„[lcX [\ `[\ek`[X[ Ef% ',')'(-,0$,# gXiX [`Z_f \]\Zkf f]ˆZ`\j\ X cX ;`i\ZZ`Â?e EXZ`feXc [\ D`^iXZ`Â?e p <okiXea\iˆX%$ @eZfigÂ?i\j\ Xc gif$ Z\jf cfj [fZld\ekfj X^i\^X[fj X cX [\dXe[X%$ KÂ?d\j\ \e Zl\ekX \c ZXj`cc\if al[`Z`Xc j\ÂŒXcX[f gfi cX XZkfiX gXiX gfjk\i`fi\j efk`]`$ ZXZ`fe\j%$ EFK@=@HL<J<%$ = ;I% IF9<IKF FK8M8CF :8JKIF# AL<Q 8;ALEKF CF HL< CC<MF 8 JL :FEF:@D@<EKF P C< :@KF# GI<M@E@<E;FC< ;< C8 F9C@>8:@FE ;< J<z8C8I :8J@CC<IF AL;@:@8C G8I8 I<:@9@I JLJ EFK@=@:8:@FE<J% ;I8% 8DG8IF K8G@8 I% J<:I<K8I@8 8;ALEK8 ;<C ALQ>8;F ;<:@DF GI@D<IF ;< C8 E@z<Q P 8;FC<J:<E:@8 ;< G@:?@E:?8 8%G%&+0*/(&b%d%
D<EFI<J ALQ>8;F ;<:@DF GI@D<IF 8;ALEKF ;< C8 E@z<Q P 8;FC<J:<E:@8 ;<C :8EKFE HL@KF :@K8:@FE A L;@:@8C1 AFJ< D8EL<C KF8G8EK8 J@D8CL@J8 <OKI8:KF AL;@:@8C 8:KFI81 D8I@8 :8ID<E >L8D8E DLQF ;<D8E;8;F1 AFJ< D8EL<C KF8G8EK8 J@D8CL@J8 D<EFI<J1 B<M@E I<E< p 8C<O G8KI@:@F KF8G8EK8 >L8D8E KIĂ?D@K<1 8C@D<EKFJ Ef% (,)0$ )'('$8K :L8EK@81 +%/'' LJ; GIFM@;<E:@81 ALQ>8;F ;<:@DF GI@D<IF ;< C8 E@z<Q P 8;FC<J:<E:@8 ;< G@:?@E:?8%$ Hl`kf# al\m\j , [\ dXpf )'((# cXj (-_)(% M@JKFJ1 Gfi Zldgc`[fj cfj i\hl`j`kfj \jkX$ Yc\Z`[fj \e \c 8ik% -. [\c :Â?[`^f 8[a\k`mf :`m`c# cX [\dXe[X hl\ Xek\Z\[\# \j ZcXiX# gi\Z`jX p i\Â’e\ cfj i\hl`j`kfj \o`^`[fj gfi cX C\p2 \e Zfej\Zl\eZ`X# j\ X[d`k\ X ki}d`k\ gi\m`jkf \e cX C\p I\]fidXkfi`X Xc :Â?[`^f [\ cX E`ÂŒ\q p 8[fc\jZ\eZ`X glYc`ZX[X \e \c I%F%J% -+* [\ )/ [\ Alc`f [\ )%''0%$ :@K<J< Xc j\ÂŒfi AFJ< D8EL<C KF8G8EK8 J@D8CL@J8 gfi cX gi\ejX# Zfe]fi$ d\ cf gi\m„ \c 8ik% /) [\c :Â?[`^f [\ GifZ\[`d`\ekf :`m`c# `eZ`jf gi`$ d\if2 \eki„^l\j\ \okiXZkf gXiX cXj Zfii\jgfe[`\ek\j glYc`ZXZ`fe\j2 gi\m`e`„e[fc\ Xc [\dXe[X[f [\ cX fYc`^XZ`Â?e [\ ZfdgXi\Z\i X al`Z`f YXaf gi\m\eZ`fe\j [\ Zfek`elXi cX ZXljX \e i\Y\c[ˆX# j\ÂŒXcXe[f [fd`Z`c`f al[`Z`Xc gXiX i\Z`Y`i jlj efk`]`ZXZ`fe\j%$ 8^i„^l\j\ Xc gif$ Z\jf cX [fZld\ekXZ`Â?e gi\j\ekX[X gfi cX XZZ`feXek\ j\^Â’e ZfejkX [\ cX iXqÂ?e j\ekX[X gfi cX J\Zi\kXi`X [\ \jkX Al[`ZXkliX%$ :fe]fid\ X cfj XikˆZlcfj @eeld\iX[fj 0 p *,
I% ;<C <% ALQ>8;F ;<:@DF ;< C8 E@z<Q P 8;FC<J:<E:@8 ;< G@:?@E:?8 :@K8:@äE AL;@:@8C1 G8;I<J# =8D@C@8I<J F KLKFI<J ;<C E@zF 8E><C E@:FC8J D<E8 8E;I8;< <OKI8:KF :8LJ81 ;<:C8I8KFI@8 ;< 8;FGK89@C@;8; AL@:@F Ef% (.0-'$)'('$(*0.$@%J% 8:KFI1 ?<ID8E8 D8I@8 ;<C :@JE< M<>8 I8D@I<Q ; < D 8 E ;8 ; F 1 G8 ; I < J # =8D@C@8I<J F KLKFI<J ;<C E@zF 8E><C E@:FC8J D<E8 8E;I8;< :L8EK@81 @E;<K<ID@E8;8 AL<Q1 ;I% ><ID8E >I8E;<J 8E8CL@J81 ALQ>8;F ;<:@DF ;< C8 E@z<Q P 8;FC<J:<E:@8 ;< G@:?@E:?8%$ Hl`kf# al\m\j )* [\ efm`\dYi\ [\c )'('# cXj '0_(/1 M@JKFJ1 <e ZXc`[X[ [\ Al\q 8[alekf [\ \jk\ Alq^X[f# d\[`Xek\ I\jfclZ`Â?e [\c :fej\af EXZ`feXc [\ cX Al[`ZXkliX Ef% ',*$)'('# glYc`ZX[X \e \c I\^`jkif F]`Z`Xc Ef% )-+ [\ ), [\ 8^fjkf [\c )'('# 8MF:F ZfefZ`$ d`\ekf \e cX gi\j\ek\ ZXljX% <e cf gi`eZ`gXc2 j\ [`jgfe\ cf j`^l`\e$ k\1 ( :fe]fid\ \c 8ik% )-/%( [\c :Â?[`^f [\ cX E`ÂŒ\q p 8[fc\jZ\eZ`X# cX ;@E8G<E p cX F]`Z`eX K„Ze`ZX [\ cX E`ÂŒ\q p 8[fc\jZ\eZ`X Ef% )# Xj`^eX[X X \jkX Al[`ZXkliX# i\Xc`$ Z\e cXj `em\jk`^XZ`fe\j e\Z\jXi`Xj gXiX `[\ek`]`ZXi p lY`ZXi cX i\j`$ [\eZ`X [\ cfj GX[i\j p GXi`\ek\j Y`fcÂ?^`Zf [\c e`ÂŒf `[\ek`]`ZX[f Zfdf 8E><C E@:FC8J D<E8 8E;I8;< XÂ’e ef `ejZi`kf \e \c I\^`jkif :`m`c # k\e[`\ek\ X jl i\`ej\iZ`Â?e X jl ]Xd`c`X Y`fcÂ?^`ZX% ) :fdf d\[`[X [\ gifk\ZZ`Â?e K\dgfiXc \e ]Xmfi [\c d\efi# j\
ă
[`jgfe\ jl g\idXe\eZ`X \e \c Ăˆ?F>8I ;< E@zFJ J8EK8 CL:@8É [\ \jkX Z`l[X[ [\ Hl`kf# Zfe]fid\ cf jfc`Z`kX cX ?eX% DXiˆX [\c :`je\ M\^X IXdˆi\q# \e \c \jZi`kf `e`$ Z`Xc2 \jkf [\ dXe\iX \d\i^\ek\ p kiXej`kfi`X# i\Zfi[Xe[f X cX \ek`$ [X[ i\jgfejXYc\ jlj fYc`^XZ`fe\j gi\m`jkXj \e \c `eZ`jf )[f% [\c 8ik% )*) [\c :E8% K„e^Xj\ \e Zl\e$ kX \c ZXj`cc\if al[`Z`Xc [\j`^eX[f gfi cX g\k`Z`feXi`X# \e jl ZXc`[X[ `emfZX[X Xjˆ Zfdf cX Xlkfi`qXZ`Â?e Zfe]\i`[X X jlj 8Yf^X[f [\]\e$ jfi%$ EFK@=@HL<J<%$ F=@:<J< P :LDGC8J< GIFM@;<E:@81 ALQ>8;F ;<:@DF ;< C8 E@z<Q P 8;FC<J:<E:@8 ;< G@:?@E:?8%$ Hl`kf# al\m\j (. [\ dXiqf [\c )'((# cXj ((_'( M@JKFJ%$ Gfi _XY\i [\ZcXiX[f YXaf aliXd\ekf cX ?eX% D8I@8 ;<C :@JE< M<>8 I8D@I<Q# jfYi\ \c [\jZfefZ`$ d`\ekf [\ cfj GX[i\j# ]Xd`c`Xi\j f klkfi\j [\c e`ÂŒf 8E><C E@:FC8J D<E8 8E;I8;<# [\ Zfe]fid`$ [X[ Zfe cf [`jgl\jkf \e \c 8ik% /) [\c :Â?[`^f [\ GifZ\[`d`\ekf :`m`c# j\ [`jgfe\ Z`kXi gfi cX gi\e$ jX Zfe \c Zfek\e`[f [\c Xlkf [\ ZXc`]`ZXZ`Â?e p \jkX gifm`[\eZ`X X cfj GX[i\j# ]Xd`c`Xi\j f klkfi\j [\c e`ÂŒf 8E><C E@:FC8J D<E8 8E;I8;<# d\[`Xek\ ki\j glYc`$ ZXZ`fe\j hl\ j\ _Xi}e \e ]\Z_Xj [`jk`ekXj# \e lef [\ cfj [`Xi`fj [\ dXpfi Z`iZlcXZ`Â?e [\ cX Gifm`eZ`X%$ J` ZfekX[fj m\`ek\ [ˆXj X gXik`i [\ cX ]\Z_X [\ cX Â’ck`dX glYc`ZXZ`Â?e# ef ZfdgXi\Z`\i\# j\ j\^l`i} Zfe cX ZXljX \e jl i\Y\c[ˆX%$ Efk`]ˆhl\j\ p :ˆk\j\%$ %%%% ] % ;I% >\id}e >iXe[\j 8eXcl`jX# Al\q 8[alekf% Cf hl\ Zfdle`Zf X ljk\[ gXiX cfj ]`e\j [\ C\p# gi\m`e`„e[fc\ [\ cX fYc`^XZ`Â?e hl\ k`\e\ [\ j\ÂŒXcXi [fd`Z`c`f al[`Z`Xc gXiX jlj ]lkl$ iXj efk`]`ZXZ`fe\j [\c al`Z`f%$ :\ik`]`Zf% ;I8% D@I@8E IF;I@>L<Q EF>8C<J J<:I<K8I@8 ?Xp ]`idX p j\ccf 8:&.0.*0&k]
I% ;<C <% ALQ>8;F ;<:@DF ;< C8 E@z<Q P 8;FC<J:<E:@8 ;< G@:?@E:?8 :@K8:@äE AL;@:@8C 8C J<zFI =89@8E 8E@98C :?@:8@Q8 :8D8CC< <OKI8:KF :8LJ81 8C@D<EKFJ AL@:@F Ef% (.0-'$)''0$(*,- $@%J% 8:KFI1 <E;8I8 D8I@8 D8>;8C<E8 ; < D 8 E ;8 ; F 1 : ? @ :8 @ Q 8 :8D8CC< =89@8E 8E@98C :L8EK@81 @E;<K<ID@E8;81 AL<Q1 ;I% ><I8I;F I8DFJ >FEQ8C<Q ALQ>8;F ;<:@DF ;< C8 E@z<Q P 8;FC<J:<E:@8 ;< G@:?@E:?8%$ Hl`kf# d`„iZfc\j )* [\ [`Z`\dYi\ [\c )''0# cXj ((_+0%$ M@JKFJ1 <e d` ZXc`[X[ [\ Al\q k`klcXi [\ \jk\ Alq^X[f p \e m`ikl[ [\c i\jfik\f i\Xc`qX[f# 8MF:F# ZfefZ`d`\ekf [\ cX gi\j\ek\ ZXljX%$ <e cf gi`e$ Z`gXc# cX [\dXe[X [\ 8C@D<EKFJ hl\ Xek\Z\[\ \j ZcXiX gi\Z`jX p i\Â’e\ cfj i\hl`j`kfj \jkXYc\Z`$ [fj \e \c 8ik% -. [\c :Â?[`^f [\ GifZ\[`d`\ekf :`m`c# \e Zfej\$ Zl\eZ`X j\ cX XZ\gkX Xc ki}d`$ k\ \jkXYc\Z`[f \e \c 8ik% ).( p j`^l`\ek\j [\c :Â?[`^f [\ cX E`ÂŒ\q p 8[fc\jZ\eZ`X# gfi cf hl\ [`jgfe$ ^f%$ ( :@K<J< Zfe \c :fek\e`[f [\ cX [\dXe[X p Xlkf i\ZXˆ[f Xc j\ÂŒfi :?@:8@Q8 :8D8CC< =89@8E 8E@98C \e \c [fd`Z`c`f `e[`ZX[f%$ ) J\ c\ gi\m`\e\ Xc [\dXe[X[f [\ cX fYc`^XZ`Â?e hl\ k`\e\ [\ j\ÂŒX$ cXi ZXj`cc\if al[`Z`Xc gXiX ]lkliXj efk`]`ZXZ`fe\j% * :fe]fid\ X cfj 8ikj% 0 (*+ p *, (+.%(* p ,kX% ;`jgfj`Z`Â?e KiXej`kfi`X [\ cX Z`kX$ [X c\p I\]fidXkfi`X Xc :Â?[`^f [\ cX E`ÂŒ\q p 8[fc\jZ\eZ`X p X cX kXYcX [\ G\ej`fe\j 8c`d\ek`Z`Xj Dˆe`dXj# \jkXYc\Z`[X gfi \c :fej\af EXZ`feXc [\ cX E`ÂŒ\q d\[`Xe$ k\ I\jfclZ`Â?e Ef% '(+$:EE8$ )''0# glYc`ZX[X \e \c I\^`jkif F]`Z`Xc Ef% +) [\ . [\ FZklYi\ [\c )''0%# j\ ]`aX \e cX jldX [\ J<J<EK8 P :@E:F ;FC8I<J % -,#'' # cX g\ej`Â?e Xc`d\ek`Z`X GIFM@J@FE8C hl\ gfi d\jX[Xj X[\cXekX[Xj p X gXik`i [\ cX gi\$ j\ekXZ`Â?e [\ cX [\dXe[X# \c XZZ`f$ eX[f gi`eZ`gXc [\Y\i} ZXeZ\cXi X ]Xmfi [\c d\efi <JK<=8EF G8LC :?@:8@Q8 <E;8I8# ZlpX gXik`[X [\ EXZ`d`\ekf _X j`[f X[alekX$ [X%$ +%$ ?}^Xj\ ZfefZ\i \jk\ 8lkf X cX F]`Z`eX [\ I\ZXl[XZ`fe\j X ]`e [\ hl\ Xccˆ j\ gifZ\[X X XYi`i
Ĺ? Ĺ?
Ĺ?
Ĺ? Ĺ?
Ĺ?
Ä…
Ĺ? ćĹ? Ĺ? Ĺ? Ĺ?Ä‚Ä€Ä Ä
Ĺ? +. Ĺ? ÄŒĹ?
cX KXia\kX Zfii\jgfe[`\ek\# j`e g\ial`Z`f [\ kfdXij\ \e Zl\ekX cX [\k\id`eXZ`�e hl\ cX XZkfiX _Xi} [\ jl :l\ekX [\ 8_fiifj \e \c 9XeZf [\ >lXpXhl`c \e cX hl\ j\i}e [\gfj`kX[Xj cXj g\ej`fe\j Xc`d\ek`Z`Xj%$ , 8^i„^l\ej\ cX [fZld\ekXZ`�e X[alekX% - K„e^Xj\ \e Zl\ekX cX ZXj`ccX al[`Z`Xc j\ŒXcX[X gfi cX XZkfiX%$ . CX gXik\ `ek\i\jX[X gi\jk\ cXj ]XZ`c`[X[\j e\Z\jXi`Xj gXiX \em`Xi cXj Zfg`Xj i\jg\Zk`mXj X cX F]`Z`eX [\ :`kXZ`fe\j%$ EFK@=@HL<J<%$ P :@K<J< GIFM@;<E:@8 ALQ>8;F ;<:@DF ;< C8 E@z<Q P 8;FC<J:<E:@8 ;< G@:?@E:?8%$ Hl`kf# d`„iZfc\j + [\ dXpf [\c )'((# cXj ('_(*%$M@JKFJ%$ <e ZXc`[X[ [\ Al\q K`klcXi [\ \jk\ Alq^X[f# 8MF:F ZfefZ`d`\ekf [\ekif [\ cX gi\j\ek\ ZXljX%$ Gfi _XY\i [\ZcXiX[f# YXaf aliXd\ekf cX XZkfiX D8I@8 D8>;8C<E8 <E;8I8# jfYi\ \c [\jZfefZ`d`\e$ kf [\c XZklXc [fd`Z`c`f [\c [\dXe$ [X[f =89@8E 8E@98C :?@:8@Q8 :8D8CC<# [\ Zfe]fid`[X[ Zfe cf [`jgl\jkf \e \c 8ik% /) [\c :�[`^f [\ GifZ\[`d`\ekf :`m`c# j\ [`jgfe\ Z`kXi gfi cX gi\ejX Zfe \c Zfek\e`[f [\c Xlkf [\ ZXc`]`ZXZ`�e p \jkX gif$ m`[\eZ`X# Xc j\Œfi =89@8E 8E@98C :?@:8@Q8 :8D8CC<# d\[`Xek\ ki\j glYc`ZXZ`fe\j hl\ j\ _Xi}e \e ]\Z_Xj [`jk`ekXj# \e lef [\ cfj [`Xi`fj [\ dXpfi Z`iZlcXZ`�e [\ cX Gifm`eZ`X%$ J` ZfekX[fj m\`ek\ [ˆXj X gXik`i [\ cX ]\Z_X [\ cX ’ck`dX glYc`ZXZ`�e# ef ZfdgXi\Z`\i\# j\ j\^l`i} Zfe cX ZXljX \e jl i\Y\c$ [ˆX%$ Efk`]ˆhl\j\ p :ˆk\j\%$ ] ;i% >\iXi[f IXdfj# Al\q% Cf hl\ Zfdle`Zf X ljk\[ gXiX cfj ]`e\j [\ C\p# gi\m`e`„e[fc\ [\ cX fYc`^XZ`�e hl\ k`\e\ [\ j\ŒX$ cXi [fd`Z`c`f al[`Z`Xc gXiX jlj ]lkliXj efk`]`ZXZ`fe\j [\c al`Z`f% :\ik`]`Zf% ;I8% 9<KKP 8P8C8 >I8E;8 J<:I<K8I@8 ?Xp ]`idX p j\ccf 8:&(('00&k]
ALQ>8;F K<I:<IF ;< C8 E@z<Q P C8 8;FC<J:<E:@8 ;< G@:?@E:?8 F]% Ef% )+-$ AKE8% JDDJ\ Hl`kf% ) [\ ale`f [\c 8ÂŒf )'(( :XljX Ef ++0'+$(00/ J\ÂŒfi ;@I<:KFI ;<C ;@8I@F C8 ?FI8 Gi\j\ek\% ;\ekif [\c Al`Z`f [\ Xc`d\ekfj j\^l`[f gfi cX j\ÂŒfiX D8I@8 ;< CFLI;<J :8KFK8 :<M8CCFJ \e ZfekiX [\c j\ÂŒfi I8LC <;L8I;F :8C8?FII8EF >L<II8 _Xp cf j`^l`\ek\1 8:KFI81 D8I@8 ;< CFLI;<J :8KFK8 :<M8CCFJ ;<D8E;8;F1 I8LC <;L8I;F :8C8?FII8EF >L<II8 D<EFI1 ;8M@; <;L8I;F :8C8?FII8EF :8KFK8 :8LJ8 8C@D<EKFJ ELD<IF% ++0'+$(00/ ALQ>8;F K<I:<IF ;< C8 E@z<Q P C8 8;FC<J:<E:@8 ;<C :8EKFE HL@KF Hl`kf# m`\i$ e\j (( [\ dXiqf [\c )%'(($ CXj (+?*'%$M@JKFJ1 8mfZX ZfefZ`$ d`\ekf [\ cX gi\j\ek\ ZXljX \c ;i% =\ieXe[f GXlZXi Al\q <eZXi^X[f [\c Alq^X[f K\iZ\if [\ cX E`ÂŒ\q p cX 8[fc\jZ\eZ`X j\^Â’e XZZ`Â?e [\ g\ijfeXc EF% *-'$ ;G Æ ;GG [\ (. [\ ]\Yi\if [\c XÂŒf )'((% %$ <e cf gi`eZ`gXc cX [\dXe[X [\ @E:@;<EK< ;< 8LD<EKFJ ;< G<EJ@FE 8C@D<EK@:@8 gi\j\e$ kX[X gfi cX j\ÂŒfiX D8I@8 ;< CFLI;<J :8KFK8 :<M8CCFJ j\ cX ZXc`]`ZX [\ ZcXiX# Zfdgc\kX p [\ i\le`i cfj [\d}j i\hl`j`kfj [\ c\p# gfi cf hl\ j\ cX XZ\gkX X jl ki}d`$ k\ c\^Xc Zfii\jgfe[`\ek\% Gi\m`X cX [\ZcXiXZ`Â?e [\ [\jZfefZ\i \c [fd`Z`c`f [\c [\dXe[X[f j\ÂŒfi I8LC <;L8I;F :8C8?FII8EF >L<II8%$% ;\ Zfe]fid`[X[ Zfe \c 8ik% /) [\c :Â?[`^f [\ GifZ\[`d`\ekf :`m`c# glYcˆhl\j\ gfi lef [\ cfj [`Xi`fj [\ dXpfi Z`iZlcXZ`Â?e [\ cX cfZXc`[X[# X ]`e [\ [Xi Zfe \c [fd`Z`c`f f i\j`[\e$ Z`X [\c j\ÂŒfi I8LC <;L8I;F :8C8?FII8EF >L<II8# X[m`i$ k`„e[fc\ hl\ [\Y\ ZfdgXi\Z\i X al`Z`f# j\ÂŒXcXi [fd`Z`c`f al[`Z`Xc p&f [`i\ZZ`Â?e [\c Zfii\f \c\ZkiÂ?e`$ Zf p XeleZ`Xi cXj gil\YXj i\jg\Z$ k`mXj Zfe]fid\ [`jgfe\ \c `eZ`jf ]`eXc [\c 8ik% @eeld\iX[f *+ [\ cX C\p I\]fidXkfi`X Xc Kˆklcf Hl`ekf# C`Yif J\^le[f [\c :Â?[`^f [\ cX E`ÂŒ\q p 8[fc\jZ\eZ`X# \e ZXjf [\ ef ZfdgXi\Z\i j\ gifZ\[\i} \e i\Y\c[ˆX%$ K„e^Xj\ \e Zl\ekX cX gil\YX XeleZ`X[X1 f]ˆZ`\j\ kXc Zfdf j\ jfc`Z`kX2 cXj [`c`^\e$
Z`Xj jfc`Z`kX[Xj j\ i\Xc`qXi}e \c dfd\ekf [\ cX 8l[`\eZ`X Â’e`ZX%$ KÂ?d\j\ \e Zl\ekX \c ZXj`cc\if al[`$ Z`Xc j\ÂŒXcX[f gfi cX XZkfiX% j\ÂŒf$ iX D8I@8 ;< CFLI;<J :8KFK8 :<M8CCFJ%$ EFK@=@HL<J< P :@K<J<% EFK@=@HL<J< P :@K<J<% = ;i% =<IE8E;F G8L:8I%$ Al\q <eZXi^X[f%$ Cf hl\ Zfdle`Zf X ljk\[ gXiX cfj ]`e\j [\ c\p% ;I8% CL:@8 <E:8C8;8 J<:I<K8I@8 ?Xp ]`idX p j\ccf 8:&(('0(&k]
I% ;<C <% :@K8:@äE AL;@:@8C J<:I<K8I@8 ;<C ALQ>8;F GI@D<IF ;< C8 E@z<Q P 8;FC<J:<E:@8 ;<C :8EKFE HL@KF 8C J<zFI =I8EBC@E 8C<A8E;IF <E:8C8;8 >I8E;8# C< ?8>F J89<I ;< C8 J@>L@<EK< ;<D8E;8 <OKI8:KF :8LJ81 @E:@;<EK< ;< 8LD<EKF ;< G<EJ@FE 8C@D<EK@:@8 ((')()$(000$:9 8:KFI81 LI>@C<J D<E;<Q D<IP :8ID<C8% ;<D8E;8;F1 <E:8C8;8 >I8E;8 = I 8 E B C @ E 8C<A8E;IF D<EFI<J B8IFC P<JJ<E@8 P M@M@8E8 C@Q9<K? <E:8C8;8 LI>@C<Q :L8EK@81 @E;<K<ID@E8;8 AL<Q1 ALQ>8;F GI@D<IF ;< C8 E@z<Q P 8;FC<J:<E:@8 ;<C :8EKFE HL@KF <e \c Al`Z`f :fek\eZ`fjf >\e\iXc& Z`m`c Ef% (.0,($(000$((')() hl\ j`^l\ LI>@C<J D<E;<Q D<IP :8ID<C8 \e ZfekiX [\ <E:8C8;8 >I8E;8 =I8EBC@E 8C<A8E;IF# _Xp cf j`^l`\ek\1 GIFM@;<E:@8 ALQ>8;F GI@D<IF ;< E@z<Q P 8;FC<J:<E:@8 ;< G@:?@E:?8%$ Hl`kf# m`\ie\j )) [\ fZklYi\ [\c )'('# cXj (,_)0%$ M@JKFJ1 8mfZf ZfefZ`d`\ekf [\ cX gi\j\ek\ ZXljX \e m`ikl[ [\ _XY\ij\ i\jl\ckf cX ZXljX gi`eZ`gXc%$CX [\dXe[X hl\ Xek\Z\[\ \j ZcXiX gi\Z`jX p i\Â’e\ cfj i\hl`j`kfj [\ C\p# gfi cf hl\ j\ cX XZ\gkX X ki}d`k\% <e m`jkX [\ hl\ cX g\k`Z`feXi`X [\ZcXiX YXaf aliXd\ekf [\jZfefZ\i \c [fd`Z`$ c`f [\ cX [\dXe[X[X p g`[\ j\ c\ Z`k\ gfi cX gi\ejX# \jk\ Alq^X[f Zfe ]le[Xd\ekf \e \c 8ik% /) [\c :Â?[`^f [\ GifZ\[`d`\ekf :`m`c m`^\ek\# [`jgfe\ Z`kXi Zfe \c Zfek\$ e`[f [\ cX [\dXe[X p \jk\ [\Zi\kf Xc j\ÂŒfi =I8EBC@E 8C<A8E;IF <E:8C8;8 >I8E;8# gfi lef [\ cfj [`Xi`fj [\ dXpfi Z`iZlcXZ`Â?e [\c gXˆj# d\[`Xek\ ki\j glYc`ZX$ Z`fe\j \e [ˆXj [`]\i\ek\j# X[m`i$ k`„e[fc\ hl\ [\Y\ ZfdgXi\Z\i X al`Z`f# j\ÂŒXcXi [fd`Z`c`f al[`Z`Xc p&f [`i\ZZ`Â?e [\c Zfii\f \c\ZkiÂ?e`$ Zf p XeleZ`Xi cXj gil\YXj i\jg\Z$ k`mXj Zfe]fid\ [`jgfe\ \c `eZ`jf ]`eXc [\c 8ik% @eeld\iX[f *+ [\ cX C\p I\]fidXkfi`X Xc Kˆklcf Hl`ekf# C`Yif J\^le[f [\c :Â?[`^f [\ cX E`ÂŒ\q p 8[fc\jZ\eZ`X# \e ZXjf [\ ef ZfdgXi\Z\i j\ gifZ\[\i} \e i\Y\c[ˆX%$ :fe jla\Z`Â?e X cf gi\m`jkf \e \c 8ik% `eeld\iX[f *, [\c @emfZX[f :l\igf C\^Xc# p XdgXiX[f \e cX KXYcX [\ G\ej`fe\j 8c`d\ek`Z`Xj Dˆe`dXj [`ZkX[Xj gfi \c :fej\af EXZ`feXc [\ cX E`ÂŒ\q gfi ZlXekf ef _X XZi\[`kX$ [f cX i\dle\iXZ`Â?e d\ejlXc [\c [\dXe[X[f# Xc j\ÂŒfi =I8EBC@E 8 C < A8 E ; I F < E : 8 C 8 ;8 >I8E;8# j\ c\ `dgfe\ cX fYc`$ ^XZ`Â?e [\ jld`e`jkiXi cX ZXek`[X[ [\ :@<EKF F:?<EK8 ;FC8I<J D<EJL8C<J# dXj cfj Zfii\jgfe$ [`\ek\j Y\e\]`Z`fj c\^Xc\j# \e Zfe$ Z\gkf [\ Xc`d\ekfj gifm`j`feXc\j X ]Xmfi [\ cfj d\efi\j1 B8IFC P<JJ<E@8 P M@M@8E8 C@Q9<K? <E:8C8;8 LI>@C<Q# F]ˆZ`\j\ Xc j\ÂŒfi GX^X[fi [\c @JJ=8 gXiX jl Zldgc`d`\ekf p f]ˆZ`\j\ X ]`e [\ hl\ Z\ik`]`hl\ cX g\ej`Â?e alY`cXi [\c j\ÂŒfi =I8EBC@E 8C<A8E;IF <E:8C8;8 >I8E;8# Xjˆ Zfdf jfc`Z`kX# X^i„^l\j\ Xc gifZ\jf cX [fZld\ekXZ`Â?e XgXi\aX[X X cX [\dXe[X p k„e^Xj\ \e Zl\ekX \c ZXj`cc\if al[`Z`Xc j\ÂŒXcX[f gfi cX XZkfiX%$EFK@=@HL<J<% ] %$ ;I% AFJ< D8I@8 ;LI8E GFE:<# AL<Q% Cf hl\ Zfdle`Zf X ljk\[ gXiX cfj ]`e\j [\ c\p HL@KF 8 '+ ;< EFM@<D9I< ;<C )'('% ;I8% A@D<E8 >8I:@8 P8E:< J<:I<K8I@8 < ?Xp ]`idX p j\ccf 8:&(((',&k]
Ĺ?
<A<:LK@MFJ I\gÂ’Yc`ZX [\c <ZlX[fi <OKI8:KF AL;@:@8C ALQ>8;F ;y:@DF K<I:<IF ;< CF :@M@C ;< G@:?@E:?8 :@K8:@äE AL;@:@8C 8 D8EL<C =CFI<JD@CF J@D98z8 D<;@E8 AL@:@F1 <A<:LK@MF Ef% (-'+$ )'('$BD 8:KFI1 ;i% Cl`j =\ieXe[f DXikˆe\q 9Xii\ef# GifZliX[fi Al[`Z`Xc [\ cX :ffg\iXk`mX [\ 8_fiif p :i„[`kf Ăˆ:FFGIF>I<JF CK;8%É ; < D 8 E ;8 ; FJ 1 D 8 E L < C =CFI<JD@CF J@D98z8 D<;@E8# D8I@8 IFJ8I@F G@CC8AF J8C8Q8I p AFI>< C@Q8E;IF <JKLG@z8E DFI<EF F9A<KF1 F9K<E<I <C G8>F KFK8C ;< C8 F9C@>8:@äE HL< 8J:@<E;< 8 C8 JLD8 ;< LJ;% +'''#''# @EK<I<J<J M<E:@;FJ P ;< DFI8# K8J8J AL;@:@8C<J# :FD@J@äE ;< LE J<OKF GFI :@<EKF ;<C @DGFIK< ;<C :8G@K8C# :FJK8J GIF:<J8C<J P ?FEFI8I@FJ GIF=<J@FE8C<J ;<C ;<=<EJFI ;<C 8:KFI KI8D@K<1 <A<:LK@MF :L8EK@81 J@<K< D@C ;FC8I<J ;< CFJ <JK8;FJ LE@;FJ ;< 8D<I@:8% G I F M @ ; < E : @ 8 ALQ>8;F ;<:@DF K<I:<IF ;< CF :@M@C ;< G@:?@E:?8% Hl`kf# m`\ie\j * [\ [`Z`\dYi\ [\c )'('# cXj ((_*/% M@JKFJ1 8mfZf ZfefZ`$ d`\ekf [\ cX ZXljX \e ZXc`[X[ [\ Al\q Jlgc\ek\ Zfe]fid\ Xc F]`Z`f Ef% 0).$;G$;;G$A8I$'. [\ , [\ [`Z`\dYi\ [\ )''. p \e m`ikl[ [\c jfik\f gi\Z\[\ek\% CX [\dXe[X \j ZcXiX# gi\Z`jX p i\Â’e\ cfj i\hl`j`$ kfj [\ C\p% Gfi Zfej`^l`\ek\# [\ XZl\i[f X cf gi\Z\gklX[f \e \c 8ik% +)( [\c :Â?[`^f [\ GifZ\[`d`\ekf :`m`c# j\ [`jgf$ e\ hl\ cfj j\ÂŒfi\j D8EL<C =CFI<JD@CF J@D98z8 D<;@E8# \e ZXc`[X[ [\ [\l[fi gi`eZ`gXc2 p# D8I@8 IFJ8I@F G@CC8AF J8C8Q8I p AFI>< C@Q8E;IF <JKLG@z8E DFI<EF# \e ZXc`[X[ [\ ^XiXek\j jfc`[Xi`fj [\c gi`d\if# ZldgcXe jl fYc`^XZ`Â?e f gifgfe^X \oZ\gZ`f$ e\j \e \c k„id`ef [\ ki\j [ˆXj% :ˆk\j\ X cfj [\dXe[X[fj \e cfj cl^Xi\j `e[`ZX[fj# gXiX Zlpf \]\Zkf j\ Zfd`j`feX X cfj j\ÂŒfi\j K\e`\ek\j Gfcˆk`Zfj [\ cXj gXiif$ hl`Xj KldYXZf p Gl\dYf# i\jg\Z$ k`mXd\ek\# X hl`\e\j j\ \em`Xi}e jl]`Z`\ek\ [\jgXZ_f% KÂ?d\j\ \e Zl\ekX \c [fd`Z`c`f al[`Z`Xc j\ÂŒXcX[f gfi \c XZkfi p X^i„^l\j\ cfj [fZld\ekfj X[alekfj% Gfi J\Zi\kXiˆX# [\j^cÂ?$ j\j\ cX [fZld\ekXZ`Â?e jfc`Z`kX[X gi\m`f Zfg`Xj p i\Z`Yf \e Xlkfj p \eki„$ ^l\j\ Xc XZkfi% Efk`]ˆhl\j\% = ;i% IlY„e :\mXccfj =XYXiX% AL<Q% ALQ>8;F ;<:@DF K<I:<IF ;< CF :@M@C ;< G@:?@E:?8%$ Hl`kf# al\m\j )/ [\ XYi`c [\c )'((# cXj '0_*)%$ M`jkX cX iXqÂ?e j\ekX[X gfi \c j\ÂŒfi K\e`\ek\ Gfcˆk`Zf [\ cX gXiifhl`X KldYXZf p Xk\ekf \c aliXd\e$ kf i\e[`[f gfi \c XZkfi# Zˆk\j\ Xc [\dXe[X[f j\ÂŒfi D8EL<C =CFI<JD@CF J@D98z8 D<;@E8 d\[`Xek\ ki\j glYc`ZXZ`fe\j [\ gi\ejX# ZX[X leX [\ \ccXj \e ]\Z_X [`jk`ekX# \e lef [\ cfj [`Xi`fj [\ Xdgc`X Z`iZlcXZ`Â?e \e cX Z`l[X[ [\ Hl`kf p \e cX ]fidX gi\m`j$ kX gfi \c 8ik% /) [\c :Â?[`^f [\ GifZ\[`d`\ekf :`m`c% Efk`]ˆhl\j\%$ ] ;i% IlY„e :\mXccfj =XYXiX% Al\q% Cf hl\ Zfdle`Zf X ljk\[ gXiX cfj ]`e\j [\ C\p# gi\m`e`„e[fc\ [\ cX fYc`^XZ`Â?e hl\ k`\e\ [\ j\ÂŒXcXi ZXj`cc\if al[`Z`Xc gXiX ]lkliXj efk`$ ]`ZXZ`fe\j hl\ c\ Zfii\jgfe[Xe% :\ik`]`Zf% ;i% E`cf >feqXcf 8cdXZ_`%
I_ gk[h[cei ]epWh bW fWp" Z[X[cei l[bWh X_[d bWi WhcWi1 i_ Z[fed[cei bWi WhcWi de j[dZh[cei `Wc|i fWp$ C7H9E JKB?E 9?9;HâD J<:I<K8I@F ;<C ALQ>8;F ;<:@DF K<I:<IF ;< CF :@M@C ;< G@:?@E:?8 ?Xp ]`idX p j\ccf 8:&.00-*&k]4
I<GL9C@:8 ;<C <:L8;FI ALQ>8;F GI@D<IF ;< CF :@M@C ;< G@:?@E:?8 <OKI8:KF :@K8:@FE AL;@:@8C 8C J<zFI <;>8I M@CC8D8I >FD<Q 8:KFI1 ;I8% ><8E 8>L@II< 9<E8C:8Q8I GIF:LI8;FI8 AL;@:@8C ;<C 98E:F ;< >L8P8HL@C J18% ;<D8E;8;FJ1 <;>8I ?<IE8E M@CC8D8I >FD<Q# DFE@:8 JFC<;8; <JKI<CC8 :8;<E8 AL@:@F <A<:LK@MF Ef% (*,0$ )'('$ ;% :<M8CCFJ% :8J@CC8 AL;@:@8C Ef +*( ;<=<EJFI1 ;I% <JK<98E :8II<I8 GIFM@;<E:@81 ALQ>8;F GI@D<IF ;< CF :@M@C ;< G@:?@E:?8%$ Hl`kf# al\m\j )/ [\ fZklYi\ [\c )'('# cXj (,_'/%$ M@JKFJ1 CX [\dXe[X hl\ Xek\$ Z\[\ \j ZcXiX# gi\Z`jX p i\“e\ cfj [\d~j i\hl`j`kfj [\ ]fidX gi\m`jkfj gfi cX C\p%$ <e Zfej\$ Zl\eZ`X# [\j\ \c ki~d`k\ \a\Zlk`mf jfc`Z`kX[f gXiX cf ZlXc cfj \a\Zl$ kX[fj j\Œfi\j <;>8I ?<IE8E M@CC8D8I >FD<Q P DFE@:8 JFC<;8; <JKI<CC8 :8;<E8# \e cXj ZXc`[X[\j `emfZX[Xj# ZldgcXe Zfe cX fYc`^XZ`Že [\dXe[X[X f gifgfe^Xe \oZ\gZ`fe\j \e \c k…i$ d`ef [\ ki\j [‰Xj%$ ;\ Zfe]fid`[X[ Zfe cf [`jgl\jkf \e \c 8ik% +)) [\c :Ž[`^f [\ GifZ\[`d`\ekf :`m`c# p cX `e]fidXZ`Že jldXi`X X[ale$ kX# fi[…eXj\ \c j\Zl\jkif [\ cfj Y`\e\j dl\Yc\j p d~j \ej\i\j [\ gifg`\[X[ [\ cfj [\dXe[X[fj hl\ cfj k`\e\ \e \c `edl\Yc\ lY`ZX[f \e cX ZXcc\ J~eZ_\q [\ 8m`cX Ef% )*+# ZXjX ) p 8m% EXZ`fe\j Le`[Xj# [\ \jkX Z`l[X[ [\ Hl`kf# _XjkX gfi cX jldX [\c ZXg`kXc X[\l[X[f d~j le [`\q gfi Z`\ekf% GXiX cX gi~Zk`ZX [\ \jkX [`c`^\eZ`X %$ :‰k\j\ X cfj [\dXe[X[fj \e cfj cl^Xi\j `e[`ZX$ [fj%$ :l…ek\j\ \e \jkX ZXljX Zfe cX ;iX% >\Xe 8^l`ii\ 9\eXcZ~qXi# \e cX ZXc`[X[ `emfZX[X%$ KŽd\j\ \e Zl\ekX \c ZXj`cc\if al[`Z`Xc j\ŒXcX[f%$ Efk`]‰hl\j\%$ ALQ>8;F GI@D<IF ;< CF :@M@C ;< G@:?@E:?8%$ Hl`kf# m`\ie\j - [\ dXpf [\c )'((# cXj '/_+*%$ 8^i…^l\j\ X cfj Xlkfj \c \jZi`kf hl\ Xek\Z\[\%$ <e cf gi`eZ`gXc# Xk\ekf \c aliXd\ekf hl\ k`\e\
i\e[`[f cX XZkfiX# [\ Zfe]fid`$ [X[ Zfe cf [`jgl\jkf \e \c 8ik% /) [\c :Ž[`^f [\ GifZ\[`d`\ekf :`m`c# Z‰k\j\ Xc [\dXe[X[f <[^Xi M`ccXdXi >Žd\q# gfi cX gi\ejX# \jkf \j \e lef [\ cfj g\i`Ž[`$ Zfj [\ dXpfi Z`iZlcXZ`Že hl\ j\ \[`kX \e \jkX Z`l[X[ [\ Hl`kf%$ Efk`]‰hl\j\%$ ;I% 8C=I<;F >I@A8CM8 DLzFQ% AL<Q% Cf hl\ gfe^f \e ZfefZ`d`\ekf Xc g’Yc`Zf \e ^\e\iXc# gXiX cfj ]`e\j c\^Xc\j Zfii\jgfe[`\ek\j% ;i% GXYcf Kfif :Xii`ccf J<:I<K8I@F ?Xp ]`idX p j\ccf 8:&(('0,&k]
I<GL9C@:8 ;<C <:L8;FI ALQ>8;F GI@D<IF ;< CF :@M@C ;< G@:?@E:?8 <OKI8:KF :@K8:@FE AL;@:@8C 8 C8J J<zFI8J B<CCP D8LIP IFDF :?8G8 P ;<:J@ EF<DĂ DFI<@I8 D8:@8J% 8:KFI1 ;I% =I8E:@J:F :8II<I8 ;LI8E GIF:LI8;FI AL;@:@8C ;<C 98E:F ;< G@:?@E:?8 :%8% ;<D8E;8;FJ1 B<CCP D8LIP IFDF :?8G8 P ;<:J@ EF<DĂ DFI<@I8 D8:@8J% AL@:@F <A<:LK@MF Ef% (+/)$ )''0 D% >fi[Â?e :% :8J@CC8 AL;@:@8C Ef +*( ;<=<EJFI1 ;I% =I8E:@J:F :8II<I8% GIFM@;<E:@81 ALQ>8;F GI@D<IF ;< CF :@M@C ;< G@:?@E:?8%$ HL@KF# '/ [\ =\Yi\if [\c )'('# cXj (,_*,%$ M@JKFJ1 :fe ]le[Xd\ekf \e \c 8ik% .' [\c :Â?[`^f [\ GifZ\[`d`\ekf :`m`c# cX i\]fidX \]\ZklX[X X cX [\dXe[X \j ZcXiX p i\le\ cfj [\d}j i\hl`j`kfj [\ ]fidX gi\$ m`jkfj gfi cX C\p# gfi cf hl\ j\ c\ X[d`k\ X ki}d`k\%$ :fe cX [\dXe$ [X `e`Z`Xc p gifm`[\eZ`X i\ZX`[X \e \ccX# Xjˆ Zfdf \c \jZi`kf [\ i\]fidX X cX [\dXe[X p „jkX gifm`[\eZ`X j\ Zfii\ kiXjcX[f X B<CCP D8LI@ IFDF :?8G8 p ;<:J@ EF<DĂ DFI<@I8 D8:@8J gXiX hl\ gX^l\e cX fYc`^XZ`Â?e f gifgfe^Xe \oZ\gZ`fe\j \e \c k„id`ef [\ ki\j [ˆXj%$ <e d„i`kf X cX gil\YX `ej$ kild\ekXc hl\ j\ XZfdgXÂŒX p Zfe ]le[Xd\ekf \e cfj 8ikj% +)* p ++, [\c :Â?[`^f [\ GifZ\[`d`\ekf :`m`c j\ [`jgfe\ \c \dYXi^f [\c XgXi$ kXd\ekf Ef% 0# XcˆZlfkX gXiZ`Xc +%*0# J\ZX[\if 0# XcˆZlfkX gXiZ`Xc '%(-# <jkXZ`feXd`\ekf (,# XcˆZlfkX
CONVOCATORIA A JUNTA GENERAL ORDINARIA DE ACCIONISTAS DE INMOBILIARIA CRISTICOR S.A. De conformidad con las disposiciones Estatutarias y de la Ley de CompaĂąĂas, convocase a los seĂąores accionistas de INMOBILIARIA CRISTICOR S.A. a la Junta General Ordinaria, la misma que se instalarĂĄ el dĂa Viernes 17 de Junio del 2011 a las 11H00 horas en las oficinas situadas en la Calle RamĂrez DĂĄvalos Oe1-111 y 10 de Agosto piso 2 de la ciudad de Quito. Esta convocatoria se hace extensiva al Sr. CĂŠsar VĂĄsconez Flores Comisario de la CompaĂąĂa, el cual ha sido convocado personal e individualmente. Los puntos a tratarse son los siguientes: 1. Conocer y resolver el informe que presentarĂĄ el Gerente por el ejercicio 2010. 2. Conocer y resolver sobre el informe que presentarĂĄ el Comisario por el ejercicio 2010. 3. Conocer y resolver sobre los Balances General, Estado de PĂŠrdidas y Ganancias y demĂĄs anexos del ejercicio 2010.
Se anulan los tĂtulos No. 1314, 22804, 25287, 25011, 26867, 25053, 29126, 31010, 33035, 34939, 36944, 39200, 42491, 44534, 48967, 51169 por 131, 7, 13, 30, 30, 48, 38, 38, 66, 160, 141, 116, 204, 272, 647, 1674 de 100 sucres c/u correspondientes al Banco del Pichincha de MORA GALARZA ANA MERCEDES. 151363/dt/stodgo.
4. Resolver el destino de los beneficios sociales. 5. Nombramiento de Comisario. 6. Nombramiento de Directores Principales y Suplentes. 7. Varios. Los documentos que serĂĄn conocidos por la Junta General se encuentran a disposiciĂłn de los seĂąores accionistas en las oficinas de la CompaĂąĂa ubicadas en la RamĂrez DĂĄvalos Oe1-111 y 10 de Agosto Presidente Javier Guerrero Lenthall AC/11092(2)
gXiZ`Xc '%./# 9f[\^X 0# XcˆZlfkX gXiZ`Xc '%)-# XcˆZlfkX kfkXc ,#-' Zfejkil`[f jfYi\ \c cfk\ Ef% *00# gXiifhl`X :fkfZfccXf# [\ \jk\ ZXe$ kÂ?e# Zfe cfj c`e[\ifj p \jg\Z`]`ZX$ Z`fe\j ZfejkXek\j \e \c :\ik`]`ZX[f Ef% :,((*.*+'''(# Zfe]\i`[f gfi \c Ji% I\^`jkiX[fi [\ cX Gifg`\[X[ [\c :XekÂ?e Hl`kf%$ GXiX cX gi}Zk`ZX [\ \jkX [`c`^\eZ`X j\ [`jgfe\ hl\ j\ Zl\ek\ Zfe lef [\ cfj j\ÂŒfi\j ;\gfj`kXi`fj Al[`Z`Xc\j [\c :XekÂ?e# i\dˆkXej\ cXj Zfg`Xj e\Z\jXi`Xj X cX F]`Z`eX [\ Jfik\fj# X ]`e [\ hl\ j\ Zl\ek\ Zfe cfj ]leZ`feXi`fj al[`Z`Xc\j Zfii\jgfe[`\ek\j# Zfe$ ]fid\ cf gi\m`jkf \e \c 8ik% * [\c I\^cXd\ekf gXiX \c ]leZ`feXd`\e$ kf [\ cXj f]`Z`eXj [\ 8c^lXZ`c\j p ;\gfj`kXi`fj Al[`Z`Xc\j p EfidXj gXiX cX ]`aXZ`Â?e [\ cfj ;\i\Z_fj hl\ Zfii\jgfe[\e X cfj ;\gfj`kXi`fj Al[`Z`Xc\j# glYc`ZX[f \e \c I\^`jkif F]`Z`Xc Eif%$ +,* [\ m`\ie\j )+ [\ fZklYi\ [\ )''/%$ ?\Z_f hl\ j\X j\ [`jgfe\ jl `ejZi`gZ`Â?e \e \c I\^`jkif [\ cX Gifg`\[X[ [\c ZXe$ kÂ?e Hl`kf%$ :Ă K<J< X cfj gi\efd$ YiX[fj ;\dXe[X[fj \e \c cl^Xi `e[`ZX[f%$ Gfi J\Zi\kXiˆX p gi\m`X ZfejkXeZ`X \e Xlkfj# [\j^cÂ?j\j\ p \eki„^l\j\ cX [fZld\ekXZ`Â?e jfc`Z`kX[X X cX g\ijfeX Xlkfi`qX$ [X%$ EFK@=@HL<J<% ALQ>8;F GI@D<IF ;< CF :@M@C ;< G@:?@E:?8%$ HL@KF# '0 [\ Efm`\dYi\ [\c )''0# cXj '/_)0%$ M@JKFJ1 8mfZf ZfefZ`d`\ekf [\ cX gi\j\ek\ ZXljX# \e d` ZXc`[X[ [\ Al\q$Jlgc\ek\ [\c Alq^X[f Gi`d\if [\ cf :`m`c [\ G`Z_`eZ_X# d\[`Xek\ 8ZZ`Â?e [\ G\ijfeXc Ef% ))0+$;G$ ;;G%# [\ )( [\ alc`f [\c )''/%$ CX [\dXe[X hl\ Xek\Z\[\# \j ZcXiX gi\Z`jX p i\Â’e\ cfj i\hl`j`kfj [\ C\p# \e Zfej\Zl\eZ`X j\ cX X[d`k\ X ki}d`k\ \a\Zlk`mf%$ J\ fi[\eX hl\ E<CCP D8LI@ IFDF :?8G8 p ;<:J@ EF<DĂ DFI<@I8 D8:@8J gX^l\e cX fYc`^XZ`Â?e f gifgfe^Xe \oZ\gZ`fe\j \e \c k„id`ef [\ ki\j [ˆXj%$ <e d„i`kf X cX gil\YX `ej$ kild\ekXc hl\ j\ XZfdgXÂŒX p Zfe ]le[Xd\ekf \e cfj 8ikj% +)* p ++, [\c :Â?[`^f [\ GifZ\[`d`\ekf :`m`c j\ [`jgfe\ \c \dYXi^f [\c XgXi$ kXd\ekf Ef% 0# XcˆZlfkX gXiZ`Xc +%*0# J\ZX[\if 0# XcˆZlfkX gXiZ`Xc '%(-# <jkXZ`feXd`\ekf (,# XcˆZlfkX gXiZ`Xc '%./# 9f[\^X 0# XcˆZlfkX gXiZ`Xc '%)-# XcˆZlfkX kfkXc ,#-' Zfejkil`[f jfYi\ \c cfk\ Ef% *00# gXiifhl`X :fkfZfccXf# [\ \jk\ ZXe$ kÂ?e# Zfe cfj c`e[\ifj p \jg\Z`]`ZX$ Z`fe\j ZfejkXek\j \e \c :\ik`]`ZX[f Ef% :,((*.*+'''(# Zfe]\i`[f gfi \c Ji% I\^`jkiX[fi [\ cX Gifg`\[X[
[\c :XekÂ?e Hl`kf%$ GXiX cX gi}Zk`ZX [\ \jkX [`c`^\eZ`X j\ [`jgfe\ hl\ j\ Zl\ek\ Zfe lef [\ cfj j\ÂŒfi\j ;\gfj`kXi`fj Al[`Z`Xc\j [\c :XekÂ?e# i\dˆkXej\ cXj Zfg`Xj e\Z\jXi`Xj X cX F]`Z`eX [\ Jfik\fj# X ]`e [\ hl\ j\ Zl\ek\ Zfe cfj ]leZ`feXi`fj al[`Z`Xc\j Zfii\jgfe[`\ek\j# Zfe$ ]fid\ cf gi\m`jkf \e \c 8ik% * [\c I\^cXd\ekf gXiX \c ]leZ`feXd`\e$ kf [\ cXj f]`Z`eXj [\ 8c^lXZ`c\j p ;\gfj`kXi`fj Al[`Z`Xc\j p EfidXj gXiX cX ]`aXZ`Â?e [\ cfj ;\i\Z_fj hl\ Zfii\jgfe[\e X cfj ;\gfj`kXi`fj Al[`Z`Xc\j# glYc`ZX[f \e \c I\^`jkif F]`Z`Xc Eif%$ +,* [\ m`\ie\j )+ [\ fZklYi\ [\ )''/%$ ?\Z_f hl\ j\X j\ [`jgfe\ jl `ejZi`gZ`Â?e \e \c I\^`jkif [\ cX Gifg`\[X[ [\c ZXe$ kÂ?e Hl`kf%$ :Ă K<J< X cfj gi\efd$ YiX[fj ;\dXe[X[fj \e \c cl^Xi `e[`ZX[f%$ Gfi J\Zi\kXiˆX p gi\m`X ZfejkXeZ`X \e Xlkfj# [\j^cÂ?j\j\ p \eki„^l\j\ cX [fZld\ekXZ`Â?e jfc`Z`kX[X X cX g\ijfeX Xlkfi`qX$ [X%$ EFK@=@HL<J< ALQ>8;F GI@D<IF ;< CF :@M@C ;< G@:?@E:?8%$ Hl`kf# m`\ie\j - [\ dXpf [\c )'((# cXj '0_''%$ 8k\ekf \c aliXd\ekf \]\ZklX[f gfi \c 8Zkfi# :Ă K<J< X cfj [\dXe[X$ [fj j\ÂŒfi\j B<CCP D8LI@ IFDF :?8G8 p ;<:J@ EF<DĂ DFI<@I8 D8:@8J# gfi cX gi\ejX Zfdf [`j$ gfe\ \e 8ik% /) [\c :Â?[`^f [\ GifZ\[`d`\ekf :`m`c# d\[`Xek\ glYc`ZXZ`fe\j \]\ZklX[Xj \e le g\i`Â?[`Zf [\ dXpfi Z`iZlcXZ`Â?e eXZ`feXc%$ EFK@=@HL<J<% ;I% 8C=I<;F >I@A8CM8 DLzFQ% AL<Q% Cf hl\ gfe^f \e ZfefZ`d`\ekf Xc gÂ’Yc`Zf \e ^\e\iXc# gXiX cfj ]`e\j c\^Xc\j Zfii\jgfe[`\ek\j% ;i% GXYcf Kfif :Xii`ccf J<:I<K8I@F ?Xp ]`idX p j\ccf 8:&(('0-&k]
ALQ>8;F :L8IKF ;< CF :@M@C ;< G@:?@E:?8 :@K8:@äE AL;@:@8C 81 8E><C8 ;<C :FEJL<CF <JG@E M<C8J:F p IFJ8 =CFI@E;8 D8P8E:<C8 HL@J?G<# J\ c\j _XZ\ ZfefZ\i \c <OKI8:KF# [\ cX [\dXe[X <A<:LK@M8 p GIFM@;<E:@8# hl\ X Zfek`elXZ`�e j`^l\e1 <OKI8:KF1 8:KFI1 :FFG<I8K@M8 ;< 8?FIIF P :I<;@KF )* ;< ALC@F%$ ;<D8E;8;FJ1 8E><C8 ;<C :FEJL<CF <JG@E M<C8J:F p IFJ8 =CFI@E;8 D8P8E:<C8 HL@J?G<%$
8JLEKF1 Hl\ gi\m`f \c ki}d`k\ g\ik`e\ek\# \e j\ek\eZ`X j\ Zfe$ [\e\ Xc [\dXe[X[f Xc gX^f [\c ZXg`kXc ZfejkXek\ \e \c GX^Xi„ X cX Fi[\e # `ek\i\j\j [\ dfiX# `dgl\jkfj# ZfjkXj gifZ„jXc\j # ^Xjkfj al[`Z`Xc\j p _fefiXi`fj [\c 8Yf^X[f ;\]\ejfi%$ KI8D@K<1 <a\Zlk`mf%$ :L8EK@8%$ LJ; +%'''%''$ =<:?8 ;< @E@:@8:@äE1 )+ [\ efm`\dYi\ [\c )'('%$ ;<=<EJFI1 ;i% Afj„ K\ccf%$ Ef% [\ ZXj`cc\if *+,(% AL@:@F <A<:LK@MF Ef% (-(($ )'(' G:?% GIFM@;<E:@81 ALQ>8;F :L8IKF ;< CF :@M@C ;< G@:?@E:?8%$ Hl`kf# d`„iZf$ c\j (, [\ ;`Z`\dYi\ [\c )'('# cXj (+_+)%$ M@JKFJ%$ CX Zfdg\k\eZ`X [\ \jkX ZXljX j\ _X iX[`ZX[f \e \jkX al[`ZXkliX d\[`Xek\ \c jfik\f i\Xc`qX[f# gfi cf kXekf XmfZf Zfef$ Z`d`\ekf [\ cX d`jdX \e m`ikl[ [\c f]`Z`f E% 0(+$;G$;;G$A8I$'. [\ '* [\ ;`Z`\dYi\ [\c )''. \e d` ZXc`[X[ [\ Al\q Jlgc\ek\% <e cf gi`eZ`gXc cX [\dXe[X hl\ Xek\Z\[\ \j ZcXiX gi\Z`jX p i\Â’e\ cfj i\hl`j`$ kfj [\ C\p# gfi cf hl\ j\ c\ X[d`k\ X ki}d`k\ <a\Zlk`mf% <e Zfej\$ Zl\eZ`X cfj [\dXe[X[fj j\ÂŒfi\j 8E><C8 ;<C :FEJL<CF <JG@E M<C8J:F p IFJ8 =CFI@E;8 D8P8E:<C8 HL@J?G<# [\ekif [\c k„id`ef [\ ki\j [ˆXj gX^l\e Xc XZkfi cX ZXek`[X[ ZfejkXek\ \e \c Kˆklcf <a\Zlk`mf X[alekf# d}j cfj `ek\i\j\j i\jg\Zk`mfj f [\ekif [\c d`jdf k„id`ef gif$ gfe^X \oZ\gZ`fe\j YXaf gi\m\e$ Z`fe\j [\ C\p% Gfi ZlXekf ef j\ _X X[alekX[f gil\YX Xc^leX ef gifZ\[\ cX d\[`[X ZXlk\cXi jfc`$ Z`kX[X% :ˆk\j\ X cXj [\dXe[X[fj \e \c cl^Xi `e[`ZX[f gXiX \c \]\Z$ kf% K„e^Xj\ \e Zl\ekX cX ZXj`ccX al[`Z`Xc j\ÂŒXcX[X% 8^i„^l\j\ Xc gifZ\jf cX [fZld\ekXZ`Â?e XZfd$ gXÂŒX[X% EFK@=@HL<J<%$ ;I% <;N@E 8I>FK@ I<P<J% AL<Q JLGC<EK<% ALQ>8;F :L8IKF ;< CF :@M@C ;< G@:?@E:?8%$ Hl`kf# m`\i$ e\j )' [\ dXpf [\c )'((# cXj ((_,-%$ <e d„i`kf Xc aliXd\ekf i\e[`[f p [\ XZl\i[f X cf \jkXYc\$ Z`[f \e \c 8ik% /) [\c :Â?[`^f [\ GifZ\[`d`\ekf :`m`c Zˆk\j\ X cfj [\dXe[X[fj j\ÂŒfi\j 8E><C8 ;<C :FEJL<CF <JG@E M<C8J:F p IFJ8 =CFI@E;8 D8P8E:<C8 HL@J?G< gfi cX gi\ejX d\[`Xek\ ki\j glYc`ZXZ`fe\j \e lef [\ cfj g\i`Â?[`Zfj [\ dXpfi Z`iZlcXZ`Â?e [\ cX Z`l[X[ [\ Hl`kf# gXiX cfj ]`e\j c\^Xc\j g\ik`e\ek\j% <eki„^l\j\ \c
REPUBLICA DEL ECUADOR SUPERINTENDENCIA DE COMPAÑIAS
EXTRACTO DE LA ESCRITURA PĂšBLICA DE DISOLUCIĂ“N VOLUNTARIA Y ANTICIPADA DE MODERAGUI CONSTRUCTORES COMPAĂ‘Ă?A LIMITADA. 1.- Se pone en conocimiento del pĂşblico que, la Superintendencia de CompaĂąĂas mediante ResoluciĂłn No.SC.IJ.DJDL.Q.11.1932 de 04 MAY 2011, aprobĂł la escritura pĂşblica de disoluciĂłn voluntaria de MODERAGUI CONSTRUCTORES COMPAĂ‘Ă?A LIMITADA, otorgada ante el Notario DĂŠcimo Suplente del Distrito Metropolitano de Quito, el 14 de octubre de 2010, a fin de que quienes se creyeren asistidos del derecho de oposiciĂłn previsto en el artĂculo 33 de la Ley de CompaĂąĂas, como acto previo a su inscripciĂłn, puedan presentar su peticiĂłn ante uno de los Jueces de lo Civil del domicilio principal de la compaĂąĂa, 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 CompaĂąĂas. 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 indicada compaĂąĂa y al cumplimiento de los demĂĄs requisitos legales. 2.- Al otorgamiento de la escritura pĂşblica antes mencionada comparece el licenciado Manuel de JesĂşs Gilberto RĂos, en su calidad de Gerente. El compareciente es de nacionalidad ecuatoriana, de estado civil casado y domiciliado en el Distrito Metropolitano de Quito. La junta general de socios de 30 de agosto de 2010, resolviĂł nombrar Liquidador Principal al citado Gerente y como Liquidador Suplente al seĂąor Milton Alcides GuillĂŠn Encalada, quienes para los efectos del artĂculo 393 de la Ley de CompaĂąĂas, notifican a los acreedores de la empresa para que en el tĂŠrmino de veinte dĂas contados a partir de la Ăşltima publicaciĂłn de este Extracto, presenten los documentos que acrediten su derecho en la direcciĂłn domiciliaria de la compaĂąĂa. Distrito Metropolitano de Quito, a 04 MAY 2011 AB. PATRICIA CHIRIBOGA SĂ NCHEZ DIRECTORA JURĂ?DICA DE DISOLUCIĂ“N Y LIQUIDACIĂ“N DE COMPAĂ‘Ă?AS A.P./49376/k.m.
\okiXZkf i\jg\Zk`mf% Efk`]ˆhl\j\% ;I% N@CD<I 8D9IFJJ@ IF9C<J% AL<Q <E:8I>8;F% Cf hl\ gfe^f \e jl ZfefZ`d`\ekf gXiX cfj ]`e\j [\ C\p# X[m`ik`„e[f$ c\ [\ cX fYc`^XZ`�e hl\ k`\e\ [\ j\ŒXcXi ZXj`ccX al[`Z`Xc [\c GXcXZ`f [\ Aljk`Z`X [\ \jkX Z`l[X[ [\ Hl`kf# gXiX i\Z`Y`i ]lkliXj efk`]`$ ZXZ`fe\j% C:;F% CL@J 98I8?FE8 DFI<EF% J<:I<K8I@F < ?Xp ]`idX p j\ccf 8:&(('/.&k]
ALQ>8;F :L8IKF ;< CF :@M@C ;< G@:?@E:?8 :@K8:@äE AL;@:@8C 81 D8I@8 K8I:@C8 :8C;<IFE FIK<>82 =<C@:@8EF KF 8 C F D 9 F G@C8DLE>8 p D8I@8 IFJ8 HL@E>8CL@J8 P8>L8:?@# J\ c\j _XZ\ ZfefZ\i \c <OKI8:KF# [\ cX [\dXe[X <A<:LK@M8 p GIFM@;<E:@8# hl\ X Zfek`elX$ Z`�e j`^l\e1 <OKI8:KF1 8 : K F I 1 :FFG<I8K@M8 ;< 8?FIIF P :I<;@KF )* ;< ALC@F%$ ;i% :_i`jk`Xe >\fmXeep ?likX[f I`Z_Xi[j# I\gi\j\ekXek\ C\^Xc%$ ;<D8E;8;FJ1 D8I@8 K8I:@C8 :8C;<IFE FIK<>82 =<C@:@8EF KF8CFD9F G@C8DLE>8 p D8I@8 IFJ8 HL@E>8CL@J8 P8>L8:?@%$ 8JLEKF1 Hl\ gi\$ m`f \c ki}d`k\ g\ik`e\ek\# \e j\e$ k\eZ`X j\ Zfe[\e\ Xc [\dXe[X[f Xc gX^f [\c ZXg`kXc ZfejkXek\ \e \c GX^Xi„ X cX Fi[\e # `ek\i\$ j\j [\ dfiX# `dgl\jkfj# ZfjkXj gifZ„jXc\j # ^Xjkfj al[`Z`Xc\j p _fefiXi`fj [\c 8Yf^X[f ;\]\ejfi%$ KI8D@K<1 <a\Zlk`mf%$ :L8EK@8%$ LJ; +%'''%''%$ =<:?8 ;< @E@:@8:@äE1 '0 [\ j\gk`\dYi\ [\c )''0%$ ;<=<EJFI1 ;i% Afj„ K\ccf%$ Ef% [\ ZXj`cc\if *+,(%$ AL@:@F <A<:LK@MF Ef% ()-*$ )'(' G:?% GIFM@;<E:@81 ALQ>8;F :L8IKF ;< CF :@M@C ;< G@:?@E:?8%$ Hl`kf# cle\j )' [\ j\gk`\dYi\ [\c )'('# cXj ('_*(%$ M@JKFJ%$ CX Zfdg\k\eZ`X [\ \jkX ZXljX j\ _X iX[`ZX[f \e \jkX al[`ZXkliX d\[`Xek\ \c jfik\f i\Xc`qX[f# gfi cf kXekf XmfZf Zfef$ Z`d`\ekf [\ cX d`jdX \e m`ikl[ [\c f]`Z`f E% 0(+$;G$;;G$A8I$'. [\ '* [\ ;`Z`\dYi\ [\c )''. \e d` ZXc`[X[ [\ Al\q Jlgc\ek\% <e cf gi`eZ`gXc cX [\dXe[X hl\ Xek\$ Z\[\ \j ZcXiX gi\Z`jX p i\’e\ cfj i\hl`j`kfj [\ C\p# gfi cf hl\ j\ c\
X[d`k\ X ki}d`k\ <a\Zlk`mf% <e Zfe$ j\Zl\eZ`X cfj [\dXe[X[fj j\Œf$ i\j D8I@8 K8I:@C8 :8C;<IFE FIK<>82 =<C@:@8EF KF8CFD9F G@C8DLE>8 p D8I@8 IFJ8 HL@E>8CL@J8 P8>L8:?@# [\ekif [\c k„id`ef [\ ki\j [ˆXj gX^l\e Xc XZkfi cX ZXek`[X[ ZfejkXek\ \e \c Kˆklcf <a\Zlk`mf X[alekf# d}j cfj `ek\i\j\j i\jg\Zk`mfj f [\ekif [\c d`jdf k„id`ef gifgfe^X \oZ\g$ Z`fe\j YXaf gi\m\eZ`fe\j [\ C\p% Gfi ZlXekf ef j\ _X XZfdgXŒX$ [f gil\YX Xc^leX ef gifZ\[\ cX d\[`X ZXlk\cXi jfc`Z`kX[X% :ˆk\j\ X cfj [\dXe[X[fj \e \c cl^Xi `e[`ZX[f gXiX \c \]\Zkf% K„e^Xj\ \e Zl\ekX cX ZXj`ccX al[`Z`Xc j\ŒXcX[X% 8^i„^l\j\ Xc gifZ\jf cX [fZld\ekXZ`�e XZfdgXŒX$ [X% EFK@=@HL<J<%$ ;I% <;N@E 8I>FK@ I<P<J% AL<Q% ALQ>8;F :L8IKF ;< CF :@M@C ;< G@:?@E:?8%$ Hl`kf# m`\ie\j )' [\ dXpf [\c )'((# cXj ((_,,%$ <e d„i`kf Xc aliXd\ekf i\e[`[f p [\ XZl\i[f X cf \jkXYc\Z`[f \e \c 8ik% /) [\c :�[`^f [\ GifZ\[`d`\ekf :`m`c Zˆk\j\ X cfj [\dXe[X$ [fj j\Œfi\j D8I@8 K8I:@C8 :8C;<IFE FIK<>82 =<C@:@8EF KF8CFD9F G@C8DLE>8 p D8I@8 IFJ8 HL@E>8CL@J8 P8>L8:?@ gfi cX gi\ejX d\[`Xe$ k\ ki\j glYc`ZXZ`fe\j \e lef [\ cfj g\i`�[`Zfj [\ dXpfi Z`iZlcXZ`�e [\ cX Z`l[X[ [\ Hl`kf# gXiX cfj ]`e\j c\^Xc\j g\ik`e\ek\j% <eki„^l\j\ \c \okiXZkf i\jg\Zk`mf% Efk`]ˆhl\j\% ;I% N@CD<I 8D9IFJJ@ IF9C<J% AL<Q <E:8I>8;F% Cf hl\ gfe^f \e jl ZfefZ`d`\ekf gXiX cfj ]`e\j [\ C\p# X[m`ik`„e[f$ c\ [\ cX fYc`^XZ`�e hl\ k`\e\ [\ j\ŒXcXi ZXj`ccX al[`Z`Xc [\c GXcXZ`f [\ Aljk`Z`X [\ \jkX Z`l[X[ [\ Hl`kf# gXiX i\Z`Y`i ]lkliXj efk`]`$ ZXZ`fe\j% C:;F% CL@J 98I8?FE8 DFI<EF% J<:I<K8I@F < ?Xp ]`idX p j\ccf 8:&(('//&k]
ALQ>8;F ;<:@DF GI@D<IF ;< CF :@M@C ;< G@:?@E:?8 :@K8:@äE AL;@:@8C 8C ;F:KFI =<IE8E;F K<;<J:F# GI<J@;<EK< ;< C8 :FDG8zà 8 KI@FCF @K8C@8 J%I%C% AL@:@F <A<:LK@MF E% )*/$)'(( DQ 8:KFI1 @E>% =I8EBC@E >% ?@;IF9F <JKI8;8# I<GI<J<EK8EK< C<>8C ;< C8 :FDG8zà 8 :FEJKIL:KFI8
?@;IFMF <JKI8;8 J%8% ;FD@:@C@F1 :8J@CC<IF AL;@:@8C *,(/ ;<C ;F:KFI =I8EBC@E JFCFIQ8EF ; < D 8 E ;8 ; FJ 1 E 8 I: @ J8 :@I@C8 LI@E8 Q8D9I8EF P ;I% =<IE8E;F K<;<J:F # ><I<EK< P GI<J@;<EK< ;< C8 :@8% KI@FCF @K8C@8 J%I%C% ;<D8E;81 G8>F ;<C :8G@K8C :FEJK8EK< ;<C G8>8I< 98J< ;< C8 8::@FE# D8J CFJ @EK<I<J<J P :FJK8J GIF:<J8C<J% :L8EK@81 LJ .,'%'''#'' ;FC8I<J GIFM@;<E:@8J1 ALQ>8;F ;<:@DF GI@D<IF ;< CF :@M@C ;< G@:?@E:?8 Hl`kf# cle\j )/ [\ =\Yi\if [\c )'((# cXj ('?,-%$ M@JKFJ 1 <e d` ZXc`[X[ [\ Al\q Jlgc\ek\# d\[`Xek\ f]`Z`f E%$ '()$;;G$A8I [\ )+ [\ <e\if [\ )%'', p \e m`ikl[ [\c XZkX [\ jfik\f# XmfZf ZfefZ`d`\ekf \e \jkX ZXljX% <e cf gi`eZ`gXc# cX [\dXe[X gi\j\ekX[X gfi \c @e^\e`\if =iXebc`e >\id}e I\e\ ?`[ifYf <jkiX[X# Zfdf Gi\j`[\ek\ <a\Zlk`mf p I\gi\j\ekXek\ c\^Xc [\ cX :fdgXŒˆX :fejkilZkfiX ?`[ifYf <jkiX[X J%8%# Zfe]fid\ aljk`]`ZX Zfe cX Zfg`X [\c efdYiX$ d`\ekf efkXi`qX[f XZfdgXÂŒX[f# \j ZcXiX p i\le\ cfj i\hl`j`kfj [\ C\p# gfi cf hl\ j\ cX XZ\gkX X ki}d`k\ <a\Zlk`mf% Cfj [\dXe[X$ [fj :fdgXŒˆX Ki`fcf @kXc`X J%I%C i\gi\j\ekX[X gfi jl >\i\ek\ j\ÂŒf$ iX EXiZ`jX :`i`cX Li`eX QXdYiXef# p j\ÂŒfi =\ieXe[f K\[\jZf# \e jl ZXc`[X[ [\ Gi\j`[\ek\ [\ cX d`jdX :fdgXŒˆX# ZldgcXe Zfe cX fYc`$ ^XZ`Â?e [\dXe[X[X f gifgfe^Xe \oZ\gZ`fe\j \e \c k„id`ef [\ ki\j [ˆXj [\ Z`kX[fj% 8k\ekfj cfj Z\ik`]`$ ZX[fj [\c I\^`jkif [\ cX Gifg`\[X[ [\c ZXekÂ?e J`^Z_fj X[alekX[fj # [\ Zfe]fid`[X[ Zfe \c 8ikˆZlcf +)( [\c :Â?[`^f [\ GifZ\[`d`\ekf :`m`c# j\ [`jgfe\ cX gif_`Y`Z`Â?e [\ \eXa\$ eXi# m\e[\i# _`gfk\ZXi f Zfejk`kl`i fkif ^iXmXd\e f Z\c\YiXi ZfekiXkf hl\ c`d`k\ \c [fd`e`f f ^fZ\ [\ cfj j`^l`\ek\j Y`\e\j [\ gifg`\$ [X[ [\ cX [\dXe[X[X :fdgXŒˆX Ki`fcf @kXc`X J%I%C%1 8ZZ`fe\j p [\i\Z_fj [\c k\ii\ef [\efd`eX[f <c KXYcÂ?e2 cfk\j [\ k\ii\ef [\efd`$ eX[fj1 ĂˆFhl\e[f :ilq CfdXÉ2 Ăˆ<c >lXYfÉ2 Ăˆ<c KXYcÂ?eÉ2 Ăˆ8ek`dg\É2 ĂˆJ`aXcfÉ2 Ăˆ:_`cZXcÉ2 Ăˆ8ek`dg\É2 Ăˆ:_`cZXcÉ2 Ăˆ=iX`c\aÂ?eÉ2 ĂˆFhl\e[fÉ2 Ăˆ<c :_`cZXcÉ2 Ăˆ<c :_`cZXcÉ 2 Ăˆ8ek`dY\É2 Ăˆ:_`cZXcÉ2 =iX`c\aÂ?eÉ2 =iX`c\aÂ?e j`^eX[f Zfe \c eÂ’d\$ if (É2 Ăˆ<c :_`cZXcÉ2 Ăˆ>lXeZlj`^É#
AVISO PARA EL EJERCICIO DEL DERECHO DE SUSCRIPCIĂ“N PREFERENTE EN EL AUMENTO DE CAPITAL DE LA COMPAĂ‘Ă?A CLĂ?NICA EL BATĂ N DEL POZO S.A. La Junta General Ordinaria de Accionistas de la CompaĂąĂa CLĂ?NICA EL BATĂ N DEL POZO S.A., celebrada el dĂa jueves 05 de mayo del aĂąo 2011, resolviĂł aumentar el capital suscrito de la compaĂąĂa en la suma de TREINTA MIL DĂ“LARES DE LOS ESTADOS UNIDOS DE AMÉRICA ($ 30.000,00). El aumento de capital serĂĄ pagado de la siguiente manera; QUINCE MIL DĂ“LARES DE LOS ESTADOS UNIDOS DE AMÉRICA ($ 15.000,00), se pagarĂĄn mediante compensaciĂłn de crĂŠditos con cargo a la cuenta Aportes de Accionistas para Futuras Capitalizaciones, y los QUINCE MIL DĂ“LARES RESTANTES ($ 15.000,00) se cancelarĂĄn mediante pago en numerario y de contado por accionistas al momento de ejercer el derecho de suscripciĂłn preferente. Se comunica a los Accionistas que de acuerdo a lo prescrito en el artĂculo 181 de la Ley de CompaĂąĂas, pueden ejercer a prĂłrrata de las acciones que tuvieren el derecho preferente a suscribir las nuevas acciones dentro de los TREINTA DĂ?AS siguientes a la fecha de esta publicaciĂłn. El capital suscrito correspondiente a los accionistas que no hubieren hecho uso del derecho de suscripciĂłn preferente, quedarĂĄ a disposiciĂłn de los demĂĄs accionistas que hubieren ejercido su derecho de suscripciĂłn preferente. Los Accionistas harĂĄn conocer a la AdministraciĂłn su voluntad de hacer uso o no de su derecho preferente, y podrĂĄn solicitar sus certificados de preferencia en el domicilio de la compaĂąĂa ubicado en la avenida 6 de diciembre n43-11 y TomĂĄs de Berlanga esq. de la ciudad de Quito. Quito, 26 de Mayo de 2011.
I_ c[ [d]W‹Wi kdW l[p" jkoW [i bW YkbfW$ I_ c[ [d]W‹Wi Zei" bW YkbfW [i c‡W$ 7D7NÛ=EH7I
kf[fj \e \c ZXek�e J`^Z_fj# Zlpfj [Xkfj p ZXiXZk\iˆjk`ZXj ZfejkXe [\ cfj i\jg\Zk`mfj Z\ik`]`ZX[fj [\ gifg`\[X[# [\Y`\e[f gXiX \c \]\Z$ kf efk`]`ZXi Xc j\Œfi I\^`jkiX[fi [\ cX Gifg`\[X[ [\ [`Z_f ZXek�e# d\[`Xek\ [\gi\ZXkfi`f X lef [\ cfj Al\Z\j [\ cf :`m`c [\ CXkXZle^X%$ 8k\e[`\e[f cX g\k`Z`�e [\c XZkfi# [\ Zfe]fid`[X[ Zfe \c 8ikˆZlcf 0() [\c :�[`^f [\ GifZ\[`d`\ekf :`m`c# aljk`]`ZX[X gifZ\jXcd\ek\ cX ZXc`[X[ [\ \okiXea\if# j\ gif_`Y\ Xlj\ekXij\ [\c gX`j Xc [\dXe[X[f ;i% =\ieXe[f K\[\jZf# gXiX Zlpf \]\Zkf j\ f]`Z`Xi} Xc j\Œfi ;`i\Zkfi EXZ`feXc [\ D`^iXZ`�e% ?\Z_f# Zˆk\j\ X cfj [\dXe[X[fj X kiXm„j [\ cX f]`Z`eX [\ Z`kXZ`fe\j# \e cfj cl^Xi\j `e[`ZX[fj # gXiX cf ZlXc \c XZkfi gifgfiZ`fe\ cXj Zfg`Xj jl]`$ Z`\ek\j%$ ;\aXe[f Zfg`X \e Xlkfj# cX IXq�e p \c i\Z`Yf Zfii\jgfe$ [`\ek\ [\j^c�j\j\ p \eki„^l\j\ cfj [fZld\ekfj jfc`Z`kX[fj X cX g\ijfeX Xlkfi`qX[X gXiX \c \]\Zkf% K�d\j\ efkX [\c ZXj`cc\if al[`Z`Xc [\j`^eX[f gfi \c [\dXe[Xek\ p X^i„^l\j\ cX [fZld\ekXZ`�e XZfdgXŒX[X% Efk`]ˆhl\j\% = ;i% I\peXc[f =cfi 8cmXiX[f% Al\q ALQ>8;F ;<:@DF GI@D<IF ;< CF :@M@C ;< G@:?@E:?8%$ Hl`kf# dXik\j )+ [\ DXpf [\c )'((# cXj (,_''%$ :ldgc`[f cf [`jgl\jkf \e cX ’ck`dX gifm`[\eZ`X # Xk\e$ kf \c aliXd\ekf i\e[`[f gfi \c XZkfi @e^\e`\if =iXebc`e >\id}e ?`[ifYf <jkiX[X # [\ Zfe]fid`[X[ Zfe \c 8ikˆZlcf /) [\c :�[`^f [\ GifZ\[`d`\ekf :`m`c# Xc [\dXe$ [X[f j\Œfi =\ieXe[f K\[\jZf# Zˆk\j\c\ gfi cX gi\ejX d\[`Xek\ ki\j glYc`ZXZ`fe\j hl\ j\ i\Xc`$ qXi} ZX[X leX \e ]\Z_X [`jk`ekX# \e le g\i`�[`Zf [\ Xdgc`X Z`iZl$ cXZ`�e [\ \jkX Z`l[X[ [\ Hl`kf% Efk`]ˆhl\j\% = ;i% I\peXc[f =cfi 8cmXiX[f% Al\q AlXeX :\mXccfj >l\iiX J<:I<K8I@8 ;<C ALQ>8;F ;<:@DF GI@D<IF ;< CF :@M@C ;< G@:?@E:?8 ?Xp ]`idX p j\ccf 8:&.00,-&k]
ALQ>8;F J<OKF ;< CF :@M@C ;< G@:?@E:?8% :@K8:@FE AL;@:@8C% 81 ?\i\[\ifj [\jZfefZ`[fj [\ AFJy IF;FC=F >89I@<C :8GG<CF M8I<C8# Zfe \c \okiXZkf [\ cX [\dXe[X [\c al`$ Z`f <a\Zlk`mf p gifm`[\eZ`X hl\ X Zfek`elXZ`Â?e j`^l\e1 <OKI8:KF1 8Zkfi1 ;I% >FD<I :8C@OKF I<>8C8;F CFG<Q# \e jl ZXc`$ [X[ [\ GifZliX[fi Al[`Z`Xc [\c j\ÂŒfi 8LI<C@F =<IE8E;F GFQF :I<JGF# >\i\ek\ >\e\iXc p i\gi\j\ekXek\ c\^Xc [\c 98E:F G@:?@E:?8 :%8% ;\dXe[X[fj1 ;FI@J 8;I@8E8 :8GG<CF =CFI<J# IF;FC=F >89I@<C
:8GG<CF D@E8 P 8E8 >89I@<C8 :8GG<CF IL<;82 p# cfj _\i\[\ifj [\jZfefZ`[fj [\ AFJy IF;FC=F >89I@<C :8GG<CF M8I<C8 :lXekˆX1 LJ;% +'%'''#ff Al`Z`f <a\Zlk`mf Ef%$ (+).$)'('$NQ FYa\kf [\ cX ;\dXe[X1 :fYif [\ [`e\if% GIFM@;<E:@81 ALQ>8;F J<OKF ;< CF :@M@C ;< G@:?@E:?8%$ Hl`kf# d`„iZf$ c\j )+ [\ efm`\dYi\ )'('# cXj (-_'.% M@JKFJ%$ CX [\dXe[X gi\j\ekX[X gfi \c ;I% >FD<I :8C@OKF I<>8C8;F CFG<Q# \e jl ZXc`[X[ [\ GifZliX[fi Al[`Z`Xc [\c j\Œfi 8LI<C@F =<IE8E;F GFQF :I<JGF# >\i\ek\ >\e\iXc p i\gi\j\ekXek\ c\^Xc [\c 98E:F G@:?@E:?8 :%8%# \e ZfekiX [\ ;FI@J 8;I@8E8 :8GG<CF =CFI<J# IF;FC=F >89I@<C :8GG<CF D@E8 P 8E8 >89I@<C8 :8GG<CF IL<;82 p# cfj _\i\[\ifj [\jZfefZ`[fj [\ AFJy IF;FC=F >89I@<C :8GG<CF M8I<C8 \j ZcXiX# gi\Z`jX p i\’e\ cfj i\hl`j`$ kfj c\^Xc\j \e Zfej\Zl\eZ`X j\ cX XZ\gkX Xc kiXd`k\ Zfii\jgfe[`\ek\ gfi cX mˆX \a\Zlk`mX gi\m`jkX \e cX j\ZZ`�e )[X gXi}^iX]f )[f 8ikj% +(0 p j`^l`\ek\j [\c Z�[`^f [\ GifZ\[`d`\ekf :`m`c% Gfi cf hl\ cfj [\dXe[X[fj ;FI@J 8;I@8E8 :8GG<CF =CFI<J# IF;FC=F >89I@<C :8GG<CF D@E8 P 8E8 >89I@<C8 :8GG<CF IL<;82 p# cfj _\i\[\ifj [\jZfefZ`[fj [\ AFJy IF;FC=F >89I@<C :8GG<CF M8I<C8# [\ekif [\c k„id`ef [\ ki\j [ˆXj gX^l\e cX fYc`^XZ`�e [\dXe[X[X f [\ekif [\c d`jdf k„id`ef gifgfe^Xe cXj \oZ\gZ`fe\j hl\ j\ Zi\p\i\e Xj`jk`[fj# YXaf gi\m\eZ`fe\j [\ C\p% :fe ]le[Xd\ekf \e \c Z\ik`]`$ ZX[f [\c I\^`jkif [\ cX Gifg`\[X[ X[alekf# \e cX \jZi`kliX [\ Zfejk`$ klZ`�e [\ gi`d\iX ?`gfk\ZX p \e cf \jkXYc\Z`[f \e \c 8ik% +)* [\c :�[`^f [\ GifZ\[`d`\ekf :`m`c j\ [`jgfe\ \c \dYXi^f [\c [\gXikX$ d\ekf LEF# XcˆZlfkX [\ (/%(, # j\ZX[\if XcˆZlfkX [\ '%.. # \jkX$ Z`feXd`\ekf LEF# XcˆZlfkX [\ (%0( # [\c <[`]`Z`f ?\ii\iX$:\c`# j`klX[f \e cX gXiifhl`X 8cXe^Xjˆ [\ \jk\ :Xek�e# ZlpXj ZXiXZk\iˆj$ k`ZXj# jlg\i]`Z`\ p [`d\ej`fe\j ZfejkXe \e \c Z\ik`]`ZX[f X[ale$ kf% GXiX cX gi}Zk`ZX [\c \dYXi^f Zl„ek\j\ Zfe cX Gfc`ZˆX EXZ`feXc Zfe]fid\ cf \jkXYc\Z\ \c 8ik% 0)- [\c :�[`^f [\ GifZ\[`d`\ekf :`m`c# gXiX cf ZlXc i\dˆkXj\ Xk\ekf f]`Z`f Xc J\Œfi A\]\ [\ cX :fdXe[XeZ`X [\ cX Gfc`ZˆX EXZ`feXc [\c ;`jki`kf D\kifgfc`kXef [\ Hl`kf# p ;\gfj`kXi`f Al[`Z`Xc# Zfe]fid\ cf \jkXYc\Z\e cfj 8ikj% *'0 p *(+ [\c :�[`^f Fi^}e`Zf [\ cX =leZ`�e Al[`Z`Xc# gXiX cf ZlXc i\dˆkXj\ cXj Zfg`Xj e\Z\jXi`Xj X cX F]`Z`eX [\ Jfik\fj p :Xj`cc\ifj Al[`Z`Xc\j# X ]`e [\ hl\ j\ Zl\ek\ Zfe \c ]le$ Z`feXi`f al[`Z`Xc Zfii\jgfe[`\ek\
[\ \jk\ ZXekÂ?e% ?\Z_f hl\ j\X# `ejZiˆYXj\ \c gi\j\ek\ \dYXi^f \e \c I\^`jkif [\ cX Gifg`\[X[# gXiX cf ZlXc efk`]ˆhl\j\ Xc I\^`jkiX[fi [\ cX Gifg`\[X[ [\ \jk\ ZXekÂ?e# X ]`e [\ hl\ kfd\ efkX [\c gXik`ZlcXi \e cfj c`Yifj i\jg\Zk`mfj% :@K<J< X cfj [\dXe[X[fj ;FI@J 8;I@8E8 :8GG<CF =CFI<J# IF;FC=F >89I@<C :8GG<CF D@E8 P 8E8 >89I@<C8 :8GG<CF IL<;8 \e cX [`i\ZZ`Â?e j\ÂŒXcX[X gfi cX gXik\ XZkfiX# gXiX cf ZlXc j\ Zfd`j`f$ eX Xc j\ÂŒfi K\e`\ek\ Gfcˆk`Zf [\ cX gXiifhl`X [\ 8cXe^Xjˆ% 8k\ekf \c aliXd\ekf \ogi\jX[f gfi cX gXik\ XZkfiX p [\ Zfe]fid`[X[ Zfe cf \jkXYc\Z`[f \e \c 8ik% /) [\c :Â?[`^f [\ GifZ\[`d`\ekf :`m`c :@K<J< X cfj _\i\[\ifj [\jZfef$ Z`[fj [\ AFJy IF;FC=F >89I@<C :8GG<CF M8I<C8# gfi cX gi\ejX# \e lef [\ cfj [`Xi`fj [\ dXpfi Z`iZlcXZ`Â?e p hl\ j\ \[`k\e \e „jkX Z`l[X[ [\ Hl`kf2 gXiX \c \]\Zkf Zfe]`„iXj\ \c \okiXZkf Zfii\j$ gfe[`\ek\% K„e^Xj\ \e Zl\ekX \c ZXj`cc\if Al[`Z`Xc% 8^i„^l\ej\ cfj [fZld\ekfj gi\j\ekX[fj% :Ă K<J< p EFK@=Ă HL<J<% ] ;I% D8I@F FIK@Q <JKI<CC8%$ Al\q% Cf hl\ Zfdle`Zf p c\j Z`kf X ljk\[\j gXiX cfj ]`e\j c\^Xc\j Zfej`^l`\ek\j gi\m`e`„e[fc\ [\ cX fYc`^XZ`Â?e hl\ k`\e\e [\ j\ÂŒXcXi ZXj`cc\if al[`Z`Xc [\ le 8Yf^X[f \e \jkX al[`ZXkliX Zfdf [`jgfe\ cX c\p% ; I% < ;N @ E : <M8 C CFJ 8DGL;@8% J<:I<K8I@F ?Xp ]`idX p j\ccf 8:&.00.)&k]
I% [\c <% ALQ>8;F ;<:@DF GI@D<IF ;< CF :@M@C ;< G@:?@E:?8 $<OKI8:KF :@K8:@äE AL;@:@8C G8I81 A8@D< FJN8C;F IL@Q% AL@:@F1 (+,+$)''0$ D%Q $ <A<:LK@MF 8:KFI1 ;I% CL@J =<IE8E;F D8IK@E<Q 98II<EF \e ZXc`$ [X[ [\ GifZliX[fi Al[`Z`Xc [\ cX :FFG<I8K@M8 ;< 8?FIIF P :Iy;@KF GIF>I<JF CK;8%É ; < D 8 E ;8 ; FJ 1 < E I @ H L < IF;I@>F :8II<I8 J@D98z8# D8IĂ 8 ;< CFLI;<J K@9Ă?E J@D98z8 P A8@D< FJN8C;F IL@Q% F9A<KF1 :fe \c ]le[Xd\ekf \e \c 8ik% +/-# p j`^l`\ek\j [\c :Â?[`^f [\ :fd\iZ`f# \e ZfeZfi[XeZ`X Zfe cfj 8ikj% +(*# +(, p +(0 [\c :Â?[`^f [\ GifZ\[`d`\ekf :`m`c m`^\ek\# [\dXe[f X cfj [\l[fi\j gi`eZ`$ gXc\j p Xc ^XiXek\ jfc`[Xi`f# gXiX hl\ \e j\ek\eZ`X j\Xe Zfe[\eXj Xc `ed\[`Xkf gX^f [\c ZXg`kXc [\ cX fYc`^XZ`Â?e% KI8D@K<1 <A<:LK@MF :L8EK@81 J<@J D@C HL@E@<EKFJ ;äC8I<J ;< CFJ <JK8;FJ LE@;FJ ;< 8D<I@:8 89F>8;F G8KIF:@E8;FI1 ;i% IfY\ik M`ccXiil\c IXdˆi\q% DXk% Gif]% -*,. :8G% ALQ>8;F ;<:@DF GI@D<IF ;< CF :@M@C ;< G@:?@E:?8% HL@KF# (. [\ Efm`\dYi\ [\c )''0# cXj ('_(/% M@JKFJ%$ <e m`ikl[ [\ cX iXqÂ?e [\ jfik\f hl\ Xek\Z\[\ p \e d` ZXc`[X[ [\ Al\q Jlgc\ek\ [\ „jkX Al[`ZXkliX# d\[`Xek\ f]`Z`f Ef%'()$;;G$A8I$ [\ )+$'($)'',# 8mfZf ZfefZ`d`\ekf [\ cX gi\j\ek\
PÉRDIDA DE TĂ?TULO DE ACCIONES De conformidad con lo establecido en el Art. 197 de la Ley de CompaĂąĂas, nos permitimos informar que los tĂtulos siguientes cuyas acciones y numeraciĂłn respectiva se detallan en el cuadro que sigue de propiedad del seĂąor ingeniero JosĂŠ Rafael Pallares Troya se han extraviado, particular que ponemos en conocimiento del pĂşblico en general, para los fines legales pertinentes. NĂşmero de tĂtulo
NĂşmero de acciones
NumeraciĂłn
514 513 700 753 828 899
27 333 503 302 1.408 302
1.108.540 - 1.108.566 1.108.207 - 1.108.539 4.645.695 - 4.646.197 4.967.818 - 4.968.119 6.176.272 - 6.177.679 6.538.464 - 6.538.765
Una vez transcurridos treinta dĂas, contados a partir de la Ăşltima publicaciĂłn de este aviso, se procederĂĄ a la anulaciĂłn de los tĂtulos respectivos y se emitirĂĄn nuevos. Quito, 25 de mayo de 2011
Dr. IvĂĄn Fernando del Pozo Guarderas PRESIDENTE
EMPRESA DURINI INDUSTRIA DE MADERA C.A., EDIMCA AR/83148/cc
AR/83136/cc
Ĺ? ćĹ? Ĺ? Ĺ? Ĺ?Ä‚Ä€Ä Ä
Ĺ? +. Ĺ? ÄŒĹ? ZXljX%$<e cf gi`eZ`gXc cX [\dXe[X hl\ Xek\Z\[\ \j ZcXiX# Zfdgc\kX p i\Â’e\ cfj i\hl`j`kfj [\ c\p$ <e Zfej\Zl\eZ`X p [\ Zfe]fid`[X[ Zfe cf hl\ [`jgfe\ \c 8ik% +)( [\ cX :f[`]`ZXZ`Â?e [\c :Â?[`^f [\ GifZ\[`d`\ekf :`m`c# cfj [\dXe[X$ [fj j\ÂŒfi\j <EI@HL< IF;I@>F :8II<I8 J@D98z8 P D8I@8 ;< CFLI;<J K@98E J@D98z8# \e ZXc`[X[ [\ [\l[fi\j gi`eZ`gXc\j# A8@D< FJN8C;F IL@Q% \e ZXc`[X[ [\ ^XiXek\ jfc`[Xi`f# \e \c k\id`ef c\^Xc [\ ki\j [ˆXj ZldgcXe Zfe cX fYc`^XZ`Â?e [\dXe[X[X f gifgfe$ ^Xe \oZ\gZ`fe\j%$ K„e^Xj\ \e Zl\ekX \c [fd`Z`c`f p ZXj`ccX al[`$ Z`Xc j\ÂŒXcX[f gfi \c XZkfi# Xjˆ Zfdf cX ZXc`[X[ \e cX hl\ ZfdgXi\Z\ p cX Xlkfi`qXZ`Â?e [\ jl XYf^X[f [\]\ejfi%$<e d\i`kf Xc Z\ik`]`ZX[f [\ ^iXm}d\e\j X[alekf# j\ [`j$ gfe\ cX gif_`Y`Z`Â?e [\ \eXa\eXi [\c Y`\e `edl\Yc\ [\kXccX[f \e \c d\eZ`feX[f `ejkild\ekf glYc`$ Zf hl\ \j [\ gifg`\[X[ [\ cfj [\dXe[X[fj j\ÂŒfi\j <EI@HL< IF;I@>F :8II<I8 J@D98z8 P D8I@8 ;< CFLI;<J K@98E J@D98z8# j\^Â’e ZfejkX i\^`j$ kiX[f%$:ˆk\j\ X cfj [\dXe[X[fj <EI@HL< IF;I@>F :8II<I8 J@D98z8 P D8I@8 ;< CFLI;<J K@98E J@D98z8# d\[`Xek\ leX Xek\eX Zfd`j`Â?e Xc j\ÂŒfi K\e`\ek\ Gfcˆk`Zf [\ cX GXiifhl`X [\ :Xc[\iÂ?e2 Xjˆ Zfdf kXdY`„e Xc j\ÂŒfi A8@D< FJN8C;F IL@Q# \e \c cl^Xi hl\ gXiX \c \]\Zkf j\ \eZl\ekiX j\ÂŒXcX[f%$8^i„^l\j\ Xc gifZ\jf cX [fZld\ekXZ`Â?e X[ale$ kX%$@ejZiˆYXj\ \e \c i\^`jkif [\ cX Gifg`\[X[ [\c :XekÂ?e cX d\[`[X jfc`Z`kX[X%$Gfi j\Zi\kXi`X [\aXe[f Zfg`Xj p i\Z`Yfj \e Xlkfj [\j^cÂ?$ j\j\ cX [fZld\ekXZ`Â?e XgXi\aX[X X cX [\dXe[X%$EFK@=@HL<J<%$ ALQ>8;F ;<:@DF GI@D<IF ;< CF :@M@C ;< G@:?@E:?8%$ Hl`kf# al\m\j )+ [\ dXiqf [\c )'((# cXj (._()%$ 8^i„^l\j\ Xc gifZ\$ jf \c \jZi`kf gi\j\ekX[f%$:ˆk\j\ Xc [\dXe[X[f j\ÂŒfi A8@D< FJN8C;F IL@Q Â’e`Zfj efdYi\j p Xg\cc`[fj hl\ ZfefZ\ # d\[`Xek\ ki\j glYc`ZXZ`fe\j \e lef [\ cfj [`Xi`fj [\ dXpfi Z`iZlcXZ`Â?e [\ \jkX Z`l[X[ [\ Hl`kf# Gifm`eZ`X [\ G`Z_`eZ_X# [\ Zfe]fid`[X[ X cf [`jgl\jkf \e \c 8ik% /) [\c :Â?[`^f [\ GifZ\[`d`\ekf :`m`c%$ Efk`]ˆhl\j\% = ;i% I\peXc[f =cfi 8cmXiX[f% Al\q%$ Cf hl\ cc\mf X jl Zfef$ Z`d`\ekf gXiX cfj ]`e\j [\ c\p# gi\m`e`„e[fc\ [\ cX fYc`^XZ`Â?e [\ j\ÂŒXcXi ZXj`cc\if al[`Z`Xc gXiX jlj ]`e\j% :\ik`]`Zf% JiX% AlXeX :\mXccfj >l\iiX J\Zi\kXi`X ?Xp ]`idX p j\ccf 8:&.00-)&k]
FI;@E8I@FJ I [\c < ALQ>8;F ;y:@DF JyGK@DF ;< CF :@M@C ;< G@:?@E:?8 :`kXZ`Â?e Al[`Z`Xc X cfj ?\i\[\ifj Gi\jlekfj p ;\jZfefZ`[fj [\c j\ÂŒfi Ifj\e[f >lXq^lX ;ˆXq# j\ c\j _XZ\ jXY\i hl\ \e \jkX Al[`ZXkliX j\ _X gifgl\jkf le Al`Z`f Fi[`eXi`f [\ Gi\jZi`gZ`Â?e <okiXfi[`eXi`X 8[hl`j`k`mX [\ ;fd`e`f# \e cfj j`^l`\ek\j k„i$ d`efj1 8:KFI1 NXj_`e^kfe GXki`Z`f Klg`qX :f[\eX p EXeZp JljXeX zXZXkf 9Xlk`jkX ; < D 8 E ;8 ; F 1 ? \ i\ [ \ ifj Gi\jlekfj p ;\jZfefZ`[fj [\c j\ÂŒfi Ifj\e[f >lXq^lX ;ˆXq AL@:@F1 Fi[`eXi`f [\ Gi\jZi`gZ`Â?e <okiXfi[`eXi`X 8[hl`j`k`mX [\ ;fd`e`f Eif% +.($)'(($ A%A% 8ik% -'*# .(,# )*0)# )*0*# )+('# )+((# )+(* p dXj g\ik`e\ek\j [\c :Â?[`^f :`m`c% :L8EKĂ 81 @e[\k\id`eX[X KIĂ?D@K<1 Fi[`eXi`f 89F>8;F ;<=<EJFI1 ;i% DXel\c ?% :Xii\iX I% GIFM@;<E:@81 ALQ>8;F ;y:@DF JyGK@DF ;< CF :@M@C ;< G@:?@E:?8%$ JXe^fchlˆ# X '- [\ DXpf [\c )'((%$ 8 cXj '0?''%$ M@JKFJ1 CX [\dXe[X hl\ Xek\Z\[\ \j ZcXiX# gi\Z`jX# Zfdgc\kX p i\Â’e\ cfj [\d}j i\hl`j`kfj [\ c\p# gfi cf hl\ j\ cX XZ\gkX Xc ki}d`k\ i\jg\Zk`mf# \e al`Z`f Fi[`eXi`f# \e Zfej\Zl\eZ`X ZÂ?iiXj\ kiXj$ cX[f Zfe cX gi\j\ek\ [\dXe[X p \jkX gifm`[\eZ`X X cfj ?\i\[\ifj Gi\jlekfj p ;\jZfefZ`[fj [\c j\ÂŒfi Ifj\e[f >lXq^lX ;ˆXq# gfi \c k„id`ef [\ hl`eZ\ [ˆXj X ]`e [\ hl\ gi\j\ek\e cXj \oZ\gZ`fe\j X hl\ j\ Zi\Xe Xj`jk`[fj# YXaf Xg\i$
Ć
Z`Y`d`\ekf \e i\Y\c[ˆX%$ Gi\m`f Xc aliXd\ekf i\e[`[f# Zˆk\j\ X cfj [\dXe[X[fj ?\i\[\ifj Gi\jlekfj p ;\jZfefZ`[fj [\c j\ÂŒfi Ifj\e[f >lXq^lX ;ˆXq# [\ Zfe]fid`[X[ Zfe cf hl\ [`jgfe\ \c 8ik% /) [\c :Â?[`^f [\ GifZ\[`d`\ekf :`m`c# \jkf \j lef [\ cfj [`Xi`fj [\ dXpfi Z`iZlcXZ`Â?e \e cX Z`l[X[ [\ Hl`kf%$ @ejZiˆYXj\ cX gi\j\e$ k\ [\dXe[X \e \c I\^`jkif [\ cX Gifg`\[X[ [\c :XekÂ?e Ild`ÂŒX_l`# Zfe]fid\ cf [`jgfe\ \c 8ik% (''' [\c :Â?[`^f [\ GifZ\[`d`\ekf :`m`c# gXiX \c \]\Zkf efk`]ˆhl\j\ \e c\^Xc ]fidX%$ :l„ek\j\ Zfe \c j\ÂŒfi 8cZXc[\ p GifZliX[fiX J`e[`ZX [\c @cljki\ Dle`Z`g`f [\c :XekÂ?e Ild`ÂŒX_l`%$ KÂ?d\j\ \e Zl\ekX \c ZXj`cc\if al[`Z`Xc Eif% '+- j\ÂŒXcX[f gfi \c ;fZkfi DXel\c :Xii\iX# p cX Xlkfi`qXZ`Â?e Zfe]\i`[X Xc d\eZ`feX[f gif]\j`f$ eXc%$ 8^i„^l\j\ cX [fZld\ekXZ`Â?e gi\j\ekX[X%$ EFK@=Ă HL<J<%$ =[f ;i% Cl`j <[lXi[f KX`g\ >% AL<Q <E:8I>8;F Cf hl\ Zfdle`Zf X ljk\[ gXiX cfj ]`e\j [\ c\p# gi\m`e`„e[fc\ [\ cX fYc`^XZ`Â?e hl\ k`\e\ [\ j\ÂŒXcXi ZXj`cc\if al[`Z`Xc \e \jkX Z`l[X[ [\ J8E>FCHLĂ # gXiX jlj gfjk\i`fi\j efk`]`ZXZ`fe\j%$ :\ik`]`Zf% ;i% =\ieXe[f >iXeaX CXeXj J<:I<K8I@F ;<C ALQ>8;F (.df% ;< CF :@M@C ;< G@:?@E:?8 ?Xp le j\ccf 8I&/*((*&ZZ
I<GL9C@:8 ;<C <:L8;FI ALQ>8;F ;<:@DF ;< CF :@M@C ;< G@:?@E:?8 <OKI8:KF AL;@:@8C :@K8:@äE AL;@:@8C 81 ?\i\[\ifj gi\jlekfj p [\jZfefZ`[fj [\ DXiˆX ;fcfi\j KfXqf 9X`qX2 J\^le[f C\`e\j KfXjf p =\c`g\ CX`e\j KfXjf% ;<D8E;8;F1 =iXeZ`jZf CX`e\j2 DXiˆX 8e^\c`kX CX`e\j CX`e\j p 8eX DXiˆX :_`ZX`qX AX`d\% 8:KFI1 PfcXe[X DXi^fk_ :_`ZX`qX AX`d\% AL@:@F EIF% ().'$)''/$8Y%=D% KI8D@K<1 Fi[`eXi`f Æ Gi\jZi`gZ`Â?e <okiXfi[`eXi`X 8[hl`j`k`mX [\ ;fd`e`f% :L8EKĂ 81 LJ;% *''% =LE;8D<EKF C<>8C1 8ik% .(,# )*0)# )*0/# )+('# )+((# )+(* p j`^l`\ek\j [\c :Â?[`^f :`m`c% 89F>8;F ;<=<EJFI1 ;i% ;`\^f I\ZXc[\ ALQ>8;F ;<:@DF ;< CF :@M@C ;< G@:?@E:?8%$ HL@KF# )- [\ <e\if [\c )''0# cXj (+_)(%$ M@JKFJ%$ Gi\m`f jfik\f [\ c\p Zfii\jgfe[`\ek\# XmfZf ZfefZ`$ d`\ekf [\ cX gi\j\ek\ ZXljX \e d` ZXc`[X[ [\ al\q k`klcXi [\ \jkX al[`ZXkliX%$ <e cf gi`eZ`gXc# leX m\q hl\ cX gXik\ XZkfiX _X [X[f Zldgc`d`\ekf X cf fi[\eX[f \e gifm`[\eZ`X `ed\[`XkX Xek\i`fi# cX [\dXe[X hl\ Xek\Z\[\ \j ZcXiX p i\Â’e\ cfj i\hl`j`kfj [\ C\p# gfi cf hl\ [\ZcXi}e[fj\cX gifZ\[\ek\ j\ cX XZ\gkX Xc kiXd`k\ Fi[`eXi`f%$ <e Zfej\Zl\eZ`X Zfe \c Zfek\e`[f [\ cX d`jdX p \jk\ Xlkf ZÂ?iiXj\ kiXjcX[f X cX gXik\ [\dXe[X[X j\ÂŒfi\j =iXeZ`jZf CX`e\j2 DXiˆX 8e^\c`kX CX`e\j CX`e\j p 8eX DXiˆX :_`ZX`qX AX`d\2 gfi \c k„id`ef [\ hl`eZ\ [ˆXj Zfe Xg\iZ`Y`d`\ekf [\ i\Y\c[ˆX [\jgl„j [\ c\^Xc$ d\ek\ Z`kX[fj%$ ;\ Zfe]fid`[X[ Zfe \c 8ik% /) p /* [\c :Â?[`^f [\ GifZ\[`d`\ekf :`m`c# efk`]ˆhl\j\ gfi leX jfcX m\q X cfj _\i\[\ifj gi\jlekfj p [\jZfefZ`[fj [\ DXiˆX ;fcfi\j KfXqf 9X`qX2 J\^le[f C\`e\j KfXjf p =\c`g\ CX`e\j KfXjf# gfi d\[`f [\ cX gi\ejX \e lef [\ cfj [`Xi`fj [\ dXpfi Z`iZlcXZ`Â?e [\ cX cfZXc`[X[%$ :l„ek\j\ Zfe cfj g\ijfe\ifj [\c @cljki\ Dle`Z`g`f [\c ;`jki`kf D\kifgfc`kXef [\ Hl`kf \e cXj g\ijfeXj [\c j\ÂŒfi 8cZXc[\ p GifZliX[fi%$ @ejZiˆYXj\ cX [\dXe$ [X \e \c I\^`jkif [\ cX Gifg`\[X[ [\c :XekÂ?e Hl`kf# gXiX \c \]\Zkf i\dˆkXj\ Xk\ekf f]`Z`f%$ :ˆk\j\ \e c\^Xc p [\Y`[X ]fidX X cfj [\dXe$ [X[fj \e cXj [`i\ZZ`fe\j hl\ j\ j\ÂŒXcX gXiX \c \]\Zkf%$ 8^i„^l\j\ Xc gifZ\jf cfj [fZld\ekfj XZfd$ gXÂŒX[fj X cX [\dXe[X%$ K„e^Xj\ \e Zl\ekX \c ZXj`cc\if al[`Z`Xc j\ÂŒXcX[f gfi \c XZkfi2 gXiX jlj efk`]`ZXZ`fe\j Xjˆ Zfdf cX [\j`^$ eXZ`Â?e [\ jl XYf^X[f [\]\ejfi%$ :ˆk\j\ p Efk`]ˆhl\j\%$ = ;I% AFJ< D8IK@E<Q E8I8EAF% AL<Q% ALQ>8;F ;<:@DF ;< CF :@M@C ;< G@:?@E:?8%$ Hl`kf# m`\ie\j () [\ efm`\dYi\ [\c )'('# cXj ('_(-%$ M@JKFJ%$ <e cf gi`eZ`gXc# \e d„i`kf Xc aliXd\ekf i\e[`[f gfi cX gXik\ XZkfiX p [\ Zfe]fid`[X[ Zfe \c 8ik% /) p /* [\c :Â?[`^f [\ GifZ\[`d`\ekf :`m`c2 efk`]ˆhl\j\
Ĺ? Ĺ?
Ĺ?
Ĺ? Ĺ?
Ĺ?
ć
Ĺ? ćĹ? Ĺ? Ĺ? Ĺ?Ä‚Ä€Ä Ä
Ĺ? +. Ĺ? ÄŒĹ?
gfi leX jfcX m\q X cfj _\i\[\ifj gi\jlekfj p [\jZfefZ`[fj [\ DXiˆX ;fcfi\j KfXqf 9X`qX2 J\^le[f C\`e\j KfXjf p =\c`g\ CX`e\j KfXjf# gfi d\[`f [\ cX gi\ejX \e lef [\ cfj [`Xi`fj [\ dXpfi Z`iZlcXZ`�e [\ cX cfZXc`[X[2 gXiX \c \]\Zkf Zfe]`„$ iXj\ \c Zfii\jgfe[`\ek\ \okiXZkf%$ :ˆk\j\ p Efk`]ˆhl\j\%$ = ;I% AFJ< D8IK@E<Q E8I8EAF% AL<Q% Cf hl\ c\ Zfdle`Zf X ljk\[ p c\ Z`kf gXiX cfj ]`e\j [\ c\p g\ik`e\ek\j# gi\m`e`„e[fc\ [\ cX fYc`^XZ`�e hl\ k`\e\ \e j\ŒXcXi ZXj`cc\if al[`Z`Xc gXiX jlj ]lkliXj efk`]`ZXZ`fe\j%$ :\ik`]`Zf%$ ;i% <[^Xi ?Xif MXc\eql\cX% J<:I<K8I@F < ;<C ALQ>8;F ;<:@DF ;< CF :@M@C ;< G@:?@E:?8 ?Xp le j\ccf 8%:%&(('-.
I% ;<C <% <OKI8:KF AL;@:@8C :@K8:@äE AL;@:@8C 81 =<C@O >L8I;8II8D8 8M@C<J p CLQ D8I@8 FIK<>8 :8II<I8 AL@:@F1 FI;@E8I@F Ef% )'('$ (',)$A:K 8:KFI1 D8I@8 <C<E8 :8@Q8 C@>E@8 ;<D8E;8;FJ1 = < C @ O >L8I;8II8D8 8M@C<J p CLQ D8I@8 FIK<>8 :8II<I8 ;FD@:@C@F AL;@:@8C1 ;I% A8@D< G8I<;<J 9L<E8zF :L8EK@81 LJ;% (,%'''#ff F9A<KF1 ;< :FE=FID@;8; :FE CF ;<K<ID@E8;F <E CFJ 8IK@:LCFJ -'*# .(,# )*0)# )*0/# )+'(# )+(' p )+((# P D8J G<IK@E<EK<J ;<C :F;@>F :@M@C M@><EK<# ;<D8E;8E <E AL@:@F FI;@E8I@F 8 CFJ J<zFI<J CLQ D8I@8 FIK<>8 :8II<I8# =<C@O >L8I;8II8D8 8M@C<J P 8 HL@<E<J J< :I<P<I<E ;<I<:?FJ# <C ;FD@E@F P C8 GFJ<J@FE GFI GI<J:I@G:@äE <OKI8FI;@E8I@8 8;HL@J@K@M8 ;< ;FD@E@F ;<C @EDL<9C<# :FEJ@JK<EK< ;< LE CFK< ;< K<II<EF L9@:8;F <E <C GLEKF ĂˆG8D98$?8:@<E;8É# ;< C8 G8IIFHL@8 :?<:8# ;<C :8EKFE HL@KF%$ ALQ>8;F EFM<EF ;< CF :@M@C ;< G@:?@E:?8% HL@KF# )' [\ J\gk`\dYi\ [\c )'('# cXj ((?'(%$ M@JKFJ1 Gfi Zldgc`[f cf fi[\eX[f \e gifm`[\eZ`X `e`Z`Xc p \e m`ikl[ [\c jfik\f i\Xc`qX[f# XmfZf ZfefZ`$ d`\ekf [\ cX gi\j\ek\ ZXljX% <e cf gi`eZ`gXc cX [\dXe[X \j ZcXiX# gi\$ Z`jX p i\Â’e\ cfj i\hl`j`kfj [\ c\p# \e Zfej\Zl\eZ`X j\ XZ\gkX Xc ki}d`k\ Fi[`eXi`f% :Â?iiXj\ kiXjcX[f Zfe \c \jZi`kf [\ [\dXe[X p \jkX gifm`$ [\eZ`X# X cfj [\dXe[X[fj j\ÂŒfi\j =<C@O >L8I;8II8D8 8M@C<J p CLQ D8I@8 FIK<>8 :8II<I8# gfi cX gi\ejX# \e cX ]fidX [`jgl\j$ kX gfi \c 8ik% /) [\c :Â?[`^f [\ GifZ\[`d`\ekf :`m`c# gXiX hl\ \e \c k„id`ef [\ hl`eZ\ [ˆXj Zfek\jk\e cX [\dXe[X p gifgfe^Xe kf[Xj cXj \oZ\gZ`fe\j X cXj hl\ j\ Zi\p\i\e Xj`jk`[fj# YXaf Xg\iZ`Y`d`\ekf \e i\Y\c[ˆX%$ :l„ek\j\ Zfe \c @cljki\ Dle`Z`g`f [\ Hl`kf p Zfe jl GifZliX[fi Jˆe[`Zf%$ ;\ Zfe]fid`$ [X[ X cf [`jgl\jkf \e \c 8ik% (''' [\c :Â?[`^f [\ GifZ\[`d`\ekf :`m`c# `ejZiˆYXj\ cX gi\j\ek\ [\dXe[X \e \c I\^`jkif [\ cX Gifg`\[X[ [\ \jk\ :XekÂ?e%$ K„e^Xj\ \e Zl\ekX \c [fd`Z`c`f p ZXj`cc\if al[`Z`Xc [\j`^eX[fj%$ 8^i„^l\j\ Xc gifZ\$ jf cfj [fZld\ekfj gi\j\ekX[fj%$ EFK@=@HL<J<%$ ;i% AX`d\ :Xej\Zf >l\ii\if%$ Al\q ALQ>8;F EFM<EF ;< CF :@M@C ;< G@:?@E:?8% HL@KF# (* [\ J\gk`\dYi\ [\c )'('# cXj (,_+.%$ Gi\m`f X gifm\\i cf hl\ \e [\i\Z_f Zfii\jgfe[X%$ CX XZkfiX ZfdgX$ i\qZX X \jkX al[`ZXkliX \e \c k„i$ d`ef [\ ki\j [ˆXj \e _fiXj _}Y`c\j# X iXk`]`ZXij\ \e \c aliXd\ekf jfYi\ jl `dgfj`Y`c`[X[ [\ Zfej\^l`i cX `e[`m`[lXc`[X[ f i\j`[\eZ`X [\ cfj [\dXe[X[fj# [\ Zfe]fid`$ [X[ Zfe cf \jk`glcX[f \e \c 8ik% /) [\c :Â?[`^f [\ GifZ\[`d`\ekf :`m`c% EFK@=@HL<J<%$ ] ;i% AX`d\ :Xej\Zf >l\ii\if%$ Al\q Cf hl\ Zfdle`Zf X L[% gXiX cfj ]`e\j c\^Xc\j2 p# [\ cX fYc`^XZ`Â?e hl\ k`\e\ [\ j\ÂŒXcXi ZXj`ccX al[`Z`Xc [\ekif [\c g\iˆd\kif c\^Xc# \e cX ]fidX \jkXYc\Z`[X gfi cX C\p% ;I% ALC@F :<J8I DLzFQ DJ:% J<:I<K8I@F ALQ>8;F EFM<EF ;< CF :@M@C ;< G@:?@E:?8 ?Xp le j\ccf 8%:%(('/*& ALQ>8;F J<OKF ;< CF :@M@C ;< G@:?@E:?8% :@K8:@FE AL;@:@8C% 81
I8@DLE;F K@G8E 8D8HL@z8 p I8DFE K@G8E 8D8HL@z8# Zfe \c \okiXZkf [\ cX [\dXe[X Fi[`eXi`X p gifm`[\eZ`X hl\ X Zfek`elXZ`�e j`^l\e1 <OKI8:KF1 8Zkfi\j1 AFJ< I@:8I;F G8L:8I :?@>L8EF p 8>LJK@E8 K@G8E D8>L<E8% ; \ d X e [ X [ fj 1 I8 @ D L E ; F K@G8E 8D8HL@z8 p I8DFE K@G8E 8D8HL@z8 :lXekˆX1 @e[\k\id`eX[X Al`Z`f Fi[`eXi`f Ef%(.'-$)'('$NQ FYa\kf [\ cX ;\dXe[X1 8[hl`i`i gfi gi\jZi`g$ Z`�e \okiXfi[`eXi`X X[hl`j`k`mX [\ [fd`e`f cfk\ [\ k\ii\ef j`klX[f \e \c YXii`f CX =cfi`[X [\ cX gXiif$ hl`X 8dX^lXŒX# g\ik\e\Z`\ek\ X \jkX Z`l[X[ [\ Hl`kf# Gifm`eZ`X [\ G`Z_`eZ_X# [\ leX jlg\i]`Z`\ [\ (%('0#(* d)% GIFM@;<E:@81 ALQ>8;F J<OKF ;< CF :@M@C ;< G@:?@E:?8%$ Hl`kf# dXi$ k\j (/ [\ \e\if [\c )'((# cXj '0_+0% M@JKFJ%$ CX [\dXe[X gifgl\jkX gfi AFJ< I@:8I;F G8L:8I :?@>L8EF p 8>LJK@E8 K@G8E D8>L<E8 \e ZfekiX [\ I8@DLE;F K@G8E 8D8HL@z8 p I8DFE K@G8E 8D8HL@z8 \j ZcXiX# gi\Z`jX p i\’e\ cfj i\hl`j`$ kfj [\ c\p# gfi cf hl\ j\ cX X[d`k\ X ki}d`k\ Fi[`eXi`f gi\m`jkf \e \c g}iiX]f (X# j\ZZ`�e )X# Kˆklcf @@# 8ki% *0, p j`^l`\ek\j [\c :�[`^f [\ GifZ\[`d`\ekf :`m`c% <e Zfej\Zl\e$ Z`X# j\ [`jgfe\ Zfii\i kiXjcX[f Zfe cX [\dXe[X p gi\j\ek\ gifm`[\eZ`X X I8@DLE;F K@G8E 8D8HL@z8 p I8DFE K@G8E 8D8HL@z8# gfi \c k„id`ef [\ hl`eZ\ [ˆXj# X ]`e [\ hl\ gifgfe^Xe cXj \oZ\gZ`fe\j [`cXkfi`Xj f g\i\ekfi`Xj X cXj hl\ j\ Zi\p\i\e Xj`jk`[fj# YXaf gi\$ m\eZ`fe\j [\ c\p% 8k\ekf \c aliX$ d\ekf \ogi\jX[f gfi cfj XZkfi\j p [\ Zfe]fid`[X[ Zfe cf \jkXYc\$ Z`[f \e \c 8ik% /) [\c :�[`^f [\ GifZ\[`d`\ekf :`m`c# Zˆk\j\ X cfj [\dXe[X[fj I8@DLE;F K@G8E 8D8HL@z8 p I8DFE K@G8E 8D8HL@z8# gfi cX gi\ejX# \jkf \j \e lef [\ cfj [`Xi`fj [\ dXpfi Z`iZlcXZ`�e p hl\ j\ \[`kXe \e \jkX Z`l[X[ [\ Hl`kf2 gXiX \c \]\Zkf Zfe]`„iXj\ \c \okiXZkf i\jg\Zk`mf% @ejZiˆYXj\ cX gi\j\ek\ [\dXe[X \e \c I\^`jkif [\ cX Gifg`\[X[ [\c :Xek�e Hl`kf# Zfe]fid\ cf \jkX$ Yc\Z\ \c 8ik% (''' [\c :�[`^f [\ gifZ\[`d`\ekf :`m`c% :l„ek\j\ \e cX gi\j\ek\ ZXljX Zfe cfj g\ijfe\$ ifj [\c @cljki\ Dle`Z`g`f [\ Hl`kf% K�d\j\ efkX [\c ZXj`cc\if al[`Z`Xc Ef% +)'- j\ŒXcX[f gfi cfj XZkfi\j% 8^i„^l\j\ Xc gifZ\jf cfj [fZl$ d\ekfj XgXi\aX[fj X cX [\dXe[X% :@K<J< P EFK@=@HL<J<% ] ;I% D8I@F FIK@Q <JKI<CC8%$ Al\q% Cf hl\ Zfdle`Zf p c\ Z`kf X ljk\[\j gXiX cfj ]`e\j c\^Xc\j Zfej`^l`\e$ k\j gi\m`e`„e[fc\ [\ cX fYc`^XZ`�e hl\ k`\e\e [\ j\ŒXcXi ZXj`cc\if al[`Z`Xc [\ le 8Yf^X[f \e \jkX al[`ZXkliX Zfdf [`jgfe\ cX c\p% ; I% < ;N @ E : <M8 C CFJ 8DGL;@8% J<:I<K8I@F ?Xp ]`idX p j\ccf 8:&(('/0&k]
I [\c <% <OKI8:KF AL;@:@8C :@K8J< 8 C8 J<zFI8 CL:@8 :8KL:L8D98 8 J L E KF 1 G i \ j Z i ` g Z ` � e <okiXfi[`eXi`X 8[hl`j`k`mX [\ ;fd`e`f 8:KFI1 E„jkfi KXYXe^f :_lilZ_ldY` ;<D8E;8;F1 C l Z ˆ X :XklZlXdYX AL@:@F1 Fi[`eXi`f :8LJ8 Ef%$ '(/$)'(( 89F>8;F ;<=<EJFI1 ;i% AX`d\ :XdXZ_f ;FD@:@C@F C<>8C1 :Xj`cc\if ('* GIFM@;<E:@8 ALQ>8;F ;<:@DF :L8IKF ;< CF :@M@C ;< G@:?@E:?8%$ :XpXdY\# X '. [\ XYi`c [\c )'((# cXj (+_('%$ M@JKFJ1 LeX m\q Zldgc`[f cf [`jgl\jkf \e \c Xlkf Xek\i`fi# \e cf gi`eZ`gXc# \oXd`eX$ [X hl\ _X j`[f cX [\dXe[X# j\ cX ZXc`]`ZX [\ ZcXiX# gi\Z`jX Zfdgc\kX p gfi i\le`i cfj i\hl`j`kfj c\^Xc\j j\ cX XZ\gkX Xc ki}d`k\ gi\m`jkf gXiX \c al`Z`f fi[`eXi`f%$ <e Zfe$ j\Zl\eZ`X Z�iiXj\ kiXjcX[f Zfe \c Zfek\e`[f [\ cX [\dXe[X p \c gi\$ j\ek\ Xlkf X cX [\dXe[X[X CL:@8 :8KL:L8D98# gfi \c k„id`ef [\ HL@E:< ;@8J# X ]`e [\ hl\ Zfek\j$ k\ cX [\dXe[X p gifgfe^X Zfeale$ kXd\ek\ cXj \oZ\gZ`fe\j [`cXkfi`Xj p g\i\ekfi`Xj hl\ j\ Zfej`[\i\ Xj`jk`[X%$ <e Xk\eZ`�e Xc aliXd\ekf i\e[`[f gfi \c XZkfi# [\ Zfe]fi$ d`[X[ Zfe cf hl\ [`jgfe\ \c 8ik%
Ĺ?
/) [\c :�[`^f [\ GifZ\[`d`\ekf :`m`c# :@K<J< X cX [\dXe[X[X CL:@8 :8KL:L8D98# d\[`Xek\ ki\j glYc`ZXZ`fe\j \e le g\i`�[`$ Zf [\ Xdgc`X Z`iZlcXZ`�e X e`m\c eXZ`feXc# gfi ef \o`jk`i e`e^lef \e \jkX cfZXc`[X[%$ @ejZiˆYXj\ cX gi\j\ek\ [\dXe[X \e \c I\^`jkif [\ cX Gifg`\[X[ [\c :Xek�e :XpXdY\# Zfe]fid\ [`jgfe\ \c Xik% (''' [\c :�[`^f [\ GifZ\[`d`\ekf :`m`c%$ 8^i„^l\j\ X cfj Xlkfj cfj [fZld\ekfj hl\ j\ X[alekXe X cX [\dXe[X%$ K„e^Xj\ \e Zl\ekX \c ki}d`k\# cX ZlXekˆX# \c ZXj`cc\if al[`Z`Xc j\ŒXcX[f gfi \c XZkfi# Xjˆ Zfdf cX Xlkfi`qXZ`�e hl\ Zfe]`\i\ X jl 8Yf^X[f [\]\ejfi%$ :@K<J< P EFK@=@HL<J<% Cf Xii\^cX[f MXc\ :\ik`]`Zf% ;i% IlY„e GXqd`Œf [\ cX Kfii\ AL<Q Cf hl\ Z`kf X L[% gXiX cfj ]`e\j c\^Xc\j Zfej`^l`\ek\j# gi\m`e`„e$ [fc\ [\ cX fYc`^XZ`�e hl\ k`\e\ [\ j\ŒXcXi ZXj`cc\if al[`Z`Xc [\ XZl\i$ [f X cX C\p gXiX gfjk\i`fi\j efk`$ ]`ZXZ`fe\j# [\ekif g\iˆd\kif c\^Xc [\c Alq^X[f ;„Z`df :lXikf [\ cf :`m`c [\ G`Z_`eZ_X \e :XpXdY\%$ :\ik`]`Zf% J\Zi\kXi`f ?Xp le j\ccf 8%:%.00,/
I<D8K<J I [\c < ALQ>8;F M@>yJ@DF K<I:<IF ;< CF :@M@C ;< G@:?@E:?8 8M@JF AL;@:@8C ;< I<D8K< AL@:@F <JG<:@8C Ef% */,$)''0 ;iX% BA J\ gfe\ \e ZfefZ`d`\ekf [\c gÂ’Yc`$ Zf \e ^\e\iXc hl\ \c [ˆX cle\j ). [\ ale`f [\c )'((# [\j[\ cX ZXkfiZ\ _fiXj _XjkX cXj [`\Z`fZ_f _fiXj `eZclj`m\# \e cX j\Zi\kXi`X [\ \jkX Al[`ZXkliX k\e[i} cl^Xi \c i\dX$ k\ [\ cfj Y`\e\j dl\Yc\j hl\ _X Zfek`elXZ`Â?e j\ [\kXccX1 8%$ Cl^Xi# ]\Z_X p _fiX [\c i\ZfefZ`d`\ekf1 <c cl^Xi j\ \eZl\ekiX lY`ZX[f \e \c :XekÂ?e JXekX <c\eX# j\Zkfi :XYf Hl`ifq# ZXcc\ AlXe DfekXcmf# mˆX gi`eZ`gXc Xek`^lf :XdXc# X )'' d\kifj [\ cX 9fdYX [\ >Xjfc`eX GI@D8O# \c / [\ fZklYi\ [\c )'('# cXj ('_''% 9%$ ;\kXcc\ [\ cfj Y`\e\j%$ J\ kiXkX [\ mXi`fj kXehl\j [\ ZfdYljk`$ Yc\ p [fj YfdYXj# d`jdfj hl\ j\ [\kXccX [\ cX j`^l`\ek\ dXe\iX1 Le kXehl\ [\ ZfdYljk`Yc\ [\ j\`j d\kifj [\ Xckf# [\ j`\k\ d\kifj Zfe Z`eZl\ekX Z\ekˆd\kifj gfi j`\k\ d\kifj Zfe Z`eZl\ekX p j`\k\ Z\ekˆd\kifj [\ [`}d\kif# Zfe ZXgXZ`[X[ gXiX j\j\ekX d`c ^Xcf$ e\j [\ ZfdYljk`Yc\# gXiX kiXYXaXi \e gfj`Z`Â?e \jkXZ`feXi`X m\ik`ZXc# Zfejkil`[f \e gcXeZ_X e\^iX [\ le ZlXikf [\ glc^X[X# \c kXehl\ k\e[i} \ekiX[X [\ _fdYi\# [i\eXa\ [\ ^Xj\j# \ekiX[X [\ ZfdYljk`$ Yc\# [fj ccXm\j [\ Zfdgl\ikXj [\ ZlXkif glc^X[Xj gXiX [\jZXi^X# [\ Zfcfi YcXeZf Zfe leX ]iXeaX Z\c\jk\# d`jdf hl\ \jk} \e i\^lcXi \jkX$ [f [\ Zfej\imXZ`Â?e# ef j\ gl\[\ fYj\imXi _l\Zfj e` fi`]`Z`fj% 8mXcÂ’f Xgifo`dX[f )-%'''#ff LJ; M<@EK< P J<@J D@C ;äC8I<J 8D<I@:8EFJ Le kXehl\ [\ j`\k\ d\kifj Zfe efm\ekX Z\ekˆd\kifj [\ cXi^f# Zfe le [`}d\kif [\ [fj ^Xcfe\j# gXiX hl\ kiXYXa\ \e ]fidX _fi`qfekXc# p gl\[X j\i lk`c`qX[f gXiX kiXjgfik\ \e ki}`c\i# ZXdX YXaX# \c kXehl\ k\e$ [i} [fj ZfdgXik`d`\ekfj# k\dgcX$ [fj `ek\i`fi\j [\ j\^li`[X[# leX \ekiX[X [\ efdYi\# leX \ekiX[X [\ ZfdYljk`Yc\# klYf `ek\i`fi gXiX j`jk\dX [\ d\[`XZ`Â?e Zfe YXiiX# j`jk\dX [\ [i\eXa\ [\ ^Xj\j# \jZX$ c\iX ki\j# \e i\^lcXi \jkX[f [\ Zfe$ j\imXZ`Â?e# ef k`\e\ fi`]`Z`fj% 8mXcÂ’f Xgifo`dX[f +%,''#ff LJ; :L8KIF D@C HL@E@<EKFJ ;äC8I<J 8D<I@:8EFJ Le kXehl\ [\ [fj d\kifj Zfe Z`e$ Zl\ekX p ki\j Z\ekˆd\kifj gfi le d\kif fZ_\ekX p [fj Z\ekˆd\kifj# gfi j\`j d\kifj Z`eZl\ekX Z\ekˆ$ d\kifj [\ cXi^f# gXiX ljf dÂ?m`c f \jkXZ`feXi`f# \e gfj\j`Â?e _fi`qfe$ kXc# Zfejkil`[f \e gcXeZ_X e\^iX [\ ki\j&[`\Z`j„`j f ZlXkif d`cˆd\kifj# ki\j XdgXifj# ki\j \ekiX[Xj [\ _fdYi\# Zfe leX ]cXlkX [\ ki\j jXc`$ [Xj# Zfe ki\j ccXm\j [\ Zfdgl\ikX [\ ZlXkif glc^X[Xj# \jZXc\iX# k`eX Zfe j\`j gXkXj# g`ekX[X [\ Zfcfi XdXi`ccX# Zfe ZXgXZ`[X[ [\ j\`j d`c ^Xcfe\j# \e i\^lcXi \jkX[f [\ Zfej\imXZ`Â?e# j`e fi`]`Z`fj% 8mXcÂ’f Xgifo`dX[f )%,''#ff LJ; ;FJ D@C HL@E@<EKFJ ;äC8I<J 8D<I@:8EFJ Le kXehl\ [\ [fj d\kifj Zfe ZlXi\ekX p fZ_f Z\ekˆd\kifj# gfi le d\kif ki\`ekX p j`\k\ Z\ekˆd\$ kifj# gfi j\`j d\kifj ZlXi\ekX Z\ekˆd\kifj [\ cXi^f# gXiX ljf dÂ?m`c \jkXZ`feXi`f# Zfejkil`[f \e gcXeZ_X e\^iX [\ ki\j&[`\Z`j„`j f ZlXkif d`cˆd\kifj# ZlXkif \ekiX[X [\ _fdYi\# ZlXkif ZfdgXik`d`\e$ kfj# [fj gXkXj cXi^Xj Zfe Zfe\o`f$ e\j [\ jXc`[X# [\ ki\j glc^X[Xj# g`ekX[f [\ Zfcfi XdXi`ccf# Zfe
I_ gk_[h[i ^WbbWh [d YkWbgk_[h bWZe Wc_ijWZ" ZkbpkhW o fe[i‡W" bbƒlWbWi Yedj_]e$ =;EH=; :K>7C;B ZXgXZ`[X[ [\ Z`eZf d`c ^Xcfe\j# \e i\^lcXi \jkX[f [\ Zfej\imXZ`Â?e# j`e fi`]`Z`fj% 8mXcÂ’f Xgifo`dX[f )%'''#ff LJ; ;FJ D@C ;äC8I<J 8D<I@:8EFJ ;fj \hl`gfj [\ YfdY\f# Zfd$ gl\jkf gfi YXj\j# YfdYXj p dfkfi\j \c„Zki`Zfj# `eZclp\e[f jl i\jg\Zk`mf dXki`dfe`fj f XZf$ gc\j [\ dfkfi X YfdYX# [\ gif$ Z\[\eZ`X [\ <jkX[fj Le`[fj [\ Efik\ 8d„i`ZX# p [\ dXiZX 9pife AXZbjfe# Zfe ZXgXZ`[X[ gXiX ZX[X YfdYX [\ Z`\ekf efm\ekX p Z`eZf ^Xcfe\j gfi d`elkf# d`jdXj hl\ j\ \eZl\ekiXe [\jZfe\ZkX[Xj p X cX `ek\dg\i`\# \e i\^lcXi \jkX[f [\ Zfej\imXZ`Â?e% 8mXcÂ’f Xgifo`dX[f [\ cXj [fj YfdYXj \j [\ (%'''#ff LJ; D@C ;äC8I<J 8D<I@:8EFJ MXcfi kfkXc [\ kf[fj cfj Y`\e\j \j [\ *-%'''#ff LJ; KI<@EK8 P J<@J D@C ;äC8I<J 8D<I@:8EFJ ALQ>8;F M@>yJ@DF K<I:<IF ;< CF :@M@C ;< G@:?@E:?8%$ Hl`kf# )0 [\c XYi`c [\c )'((# cXj ('_,0%$ 8^i„^l\j\ X cfj Xlkfj \c \jZi`kf gi\j\ekX[f%$ <e Xk\eZ`Â?e Xc d`jdf p X cX iXqÂ?e j\ekX[X gfi \c J\Zi\kXi`f# j\ j\ÂŒXcX gXiX \c [ˆX cle\j ). [\ ale`f [\c )'(( [\j[\ cXj (+?'' _XjkX cXj (/?'' `eZcl$ j`m\# X ]`e [\ hl\ k\e^X cl^Xi \e cX j\Zi\kXiˆX [\ \jkX al[`ZXkliX \c I<D8K< ;< CFJ 9@<E<J mXi`fj kXehl\j # [fj \hl`gfj [\ YfdY\f hl\ j\ \eZl\ekiX [\kXccX[f \e \c `e]fid\ g\i`Z`Xc hl\ _Xe j`[f \dYXi^X[fj [\ekif [\ cX gi\j\ek\ ZXljX%$ p [\d}j \jg\Z`]`ZXZ`fe\j ZfejkXe [\c `e]fid\ gi\j\ekX[f gfi \c j\ÂŒfi G\i`kf%$ GlYcˆhl\j\ \c \okiXZkf# \e lef [\ cfj g\i`Â?[`$ Zfj [\ dXpfi Z`iZlcXZ`Â?e hl\ j\ \[`kXe \e \jkX Z`l[X[ [\ Hl`kf%$ :fcÂ?hl\ej\ cfj i\jg\Zk`mfj ZXik\$ c\j p [„j\ Zldgc`d`\ekf X kf[Xj cXj ]fidXc`[X[\j c\^Xc\j%$ Gfi kiXkXij\ [\ j\^le[f j\ÂŒXcXd`\e$ kf# kf[X gfjkliX [\Y\i} ZlYi`i gfi cf d\efj \c Z`eZl\ekX gfi Z`\ekf [\c mXcfi [\c XmXcÂ’f giXZk`ZX[f%$ 8 ZX[X gfjkliX [\Y\i} XZfdgXÂŒXij\ \c [`\q gfi Z`\ekf [\c mXcfi [\ cX f]\ikX# \e [`e\if \e \]\Zk`mf p&f Z_\hl\ Z\ik`]`ZX[f X fi[\e [\c Alq^X[f%$ GlYcˆhl\j\ \c \okiXZkf \e lef [\ cfj [`Xi`fj [\ dXpfi Z`iZlcXZ`Â?e p hl\ j\ \[`kXe \e \jkX Z`l[X[ [\ Hl`kf# gXiX cX ZfcfZXZ`Â?e [\ cfj ZXik\c\j [\gi„hl\j\ X lef [\ cfj j\ÂŒfi\j al\Z\j [\ cf :`m`c [\ cX Z`l[X[ [\ JXekX <c\eX \emˆ\j\ [\jgXZ_f \e ]fidX p [„j\ Zld$ gc`d`\ekf X kf[Xj cXj ]fidXc`[X$
[\j c\^Xc\j%$ EFK@=Ă HL<J<%$ ] %$ =<C@G< @E=8EK< I<P# AL<Q < % Gfi kiXkXij\ [\c j\^le[f j\ÂŒXcX$ d`\ekf j\ i\Z`Y`i}e cXj gfjkliXj hl\ ZlYiXe gfi cf d\efj \c ,' [\c XmXcÂ’f XgifYX[f# [\Y`„e[fj\ XZfdgXÂŒXi \c (' [\c mXcfi [\ cX f]\ikX \e Z_\hl\ Z\ik`]`ZX[f X efdYi\ [\c Alq^X[f f \e [`e\if \e \]\Zk`mf% Cf hl\ gfe^f \e ZfefZ`d`\ekf Xc gÂ’Yc`Zf \e ^\e\iXc gXiX cfj ]`e\j [\ c\p% 8Y^% Afi^\ D`\i 9liYXef J\Zi\kXi`f ?Xp le j\ccf 8I&/*(+(&ZZ
ALQ>8;F J<OKF ;< CF :@M@C ;< G@:?@E:?8 8M@JF ;< I<D8K< AL@:@F <A<:LK@MF Ef% )''0$ '---$A}e\k[ KX`g\ I\[ifm}e J\ gfe\ \e ZfefZ`d`\ekf [\c gÂ’Yc`Zf \e ^\e\iXc hl\ \c [ˆX )0 [\ alc`f [\c )'(( [\j[\ cXj (+_'' _XjkX cXj (/_''# \e cX J\Zi\kXiˆX [\ \jkX Al[`ZXkliX j\ cc\mXi} X ZXYf \c I<D8K< [\c Y`\e `edl\Yc\ ZlpXj ZXiXZk\iˆjk`ZXj j\ [\kXccXe X Zfek`elXZ`Â?e1 (% L 9 @ : 8 : @ ä E 1 Gifm`eZ`X [\ G`Z_`eZ_X# :XekÂ?e Hl`kf# GXiifhl`X Gl\dYf# J\Zkfi :\ekif [\ Gl\dYf# :Xcc\ DXel\c 9liYXef eÂ’d\if E *$+' p E$*$*- \eki\ cXj ZXcc\j AfXhlˆe J}eZ_\q p ), [\ Alc`f )% C @ E ; < I F J ><E<I8C<J1 ! EFIK<1 :fe gifg`\[X[ [\c Ji% GXqd`ÂŒf# \e )/#(, d% JLI1 <e gXik\ Zfe cX ZXcc\ DXel\c 9liYXef# \e ('%.' d p gfi fkiX gXik\ Zfe gifg`\[X[ [\ FjnXc[f :Xii\iX# \e (.%+, d% <JK<1 <e gXik\ gifg`\[X[ [\ FjnXc[f :Xii\iX# \e .%', d% p gfi fkiX gXik\ gifg`\[X[ [\ Qf`cX 8glek\# \e -%*' d% F<JK<1 :fe gifg`\[X[ [\ D\iZ\[\j :_`ZX`qX# \e (*%*, d% *% :8I8:K<I@JK@:8J1 <c `edl\$ Yc\ ZfejkX [\ k\ii\ef p ZfejkilZ$ Z`fe\j% *%(% K<II<EF1 <c }i\X [\c k\ii\ef ! \j [\ )+/%'' d)# [\ ]fidX [\ C p kfgf^iX]ˆX gcXeX% J\ \eZl\ekiX [\c`d`kX[f1 Gfi \c Efik\ \e gXik\ gfi Z\iiXd`\ekf \e dXdgfjk\iˆX [\ cX[i`ccf p \e fkiX gfi gXi\[ [\ cX ZfejkilZZ`Â?e Ăˆ9É2 gfi \c Jli \e gXik\ gfi gXi\[ [\ cX ZfejkilZ$ Z`Â?e Ăˆ8É# p \e fkiX gfi gXi\[ [\ gifg`\[X[ [\c Zfc`e[Xek\2 gfi \c <jk\ \e gXik\ gfi Z\iiXd`\ekf \e
REPUBLICA DEL ECUADOR SUPERINTENDENCIA DE COMPAÑIAS
EXTRACTO CONSTITUCIĂ“N DE LA COMPAĂ‘Ă?A VITALWATHER CIA. LTDA. La compaĂąĂa VITALWATHER CIA. LTDA. se constituyĂł por escritura pĂşblica otorgada ante el Notario VigĂŠsimo Octavo del Distrito Metropolitano de Quito, el 19 de Mayo de 2011, fue aprobada por la Superintendencia de CompaĂąĂas, mediante ResoluciĂłn SC.IJ. DJC.Q.11.002399 de 03 de Junio de 2011. 1.- DOMICILIO: CantĂłn LORETO, provincia de Orellana. 2.- CAPITAL: Suscrito US$ 1.000,00 NĂşmero de Participaciones 1.000 Valor US$ 1,00 3.- OBJETO: El objeto de la compaĂąĂa es: EL PROCESAMIENTO, PURIFICACIĂ“N, TRATAMIENTO, PRODUCCIĂ“N, ENVASADO, DISTRIBUCIĂ“N Y COMERCIALIZACIĂ“N DE AGUA NATURAL......
dXdgfjk\iˆX [\ cX[i`ccf p \e fkiX gfi gXi\[ [\ cX ZfejkilZZ`Â?e Ăˆ8É2 gfi \c F\jk\ \e gXik\ gfi gXi\[ [\ cX ZfejkilZZ`Â?e Ăˆ8É# p \e fkiX gfi gXi\[ [\ ZfejkilZZ`Â?e \e gifZ\jf [\ [\jkilZZ`Â?e% *%)% :FEJKIL::@FE<J1 :FEJKIL::@FE Ăˆ8É1 @dgcXekX[X \e gXik\ [\c cX[f Jli [\c k\ii\$ ef Zfe ]i\ek\ X cX ZXcc\ DXel\c 9liYXef% ;\ [fj gcXekXj1 GcXekX YXaX ]fidX[X gfi le cfZXc Zfd\i$ Z`Xc# ZfZ`eX Æ Zfd\[fi p jXcX2 cX gcXekX XckX ]fidX[X gfi ki\j ZlXkifj% ! J\^Â’e ZfejkX \e \c :\ik`]`ZX[f [\c I\^`jkif [\ cX Gifg`\[X[ p \jZi`kliX [\ ?`gfk\ZX 8Y`\ikX hl\ fYiXe [\c gifZ\jf% ;\ gXi\[\j [\ X[fY\ \eclZ`[Xj p g`ekX[Xj2 \jkilZkliX gXi\[\j jfgfikXek\j [\ X[fY\2 ZlY`\ikX [\ dX[\iX Zfe k\ZcX[f [\ k\aX [\ YXiif ZfZ`[f2 \eki\g`jf [\ dX[\$ iX2 Z`\cf iXjf \e gXik\ m`^Xj [\ dX[\iX m`jkf p \e fkiX [\ ki`gc\j2 g`jf [\ cX gcXekX YXaX gXm`d\ekX[f p [\ cX XckX \ekXYcX[f \e [l\cX2 gl\ikXj [\ dX[\iX gXe\cX[Xj fkiX [\ _`\iif kfc m`[i`f p fkiX [\ _`\iif dX[\iX2 m\ekXeXj [\ _`\$ iif p m`[i`f ZcXif fkiXj [\ dX[\iX p m`[i`f ZcXif% :XY\ XefkXi hl\ \o`jk\ ^iX[Xj `ek\i`fi\j [\ XZZ\jf X cX gcXekX XckX# Zfejkil`[Xj \e dX[\iX% <c }i\X [\ \jkX ZfejkilZ$ Z`Â?e \j [\ (.(%)' d)% J\ \eZl\ekiX \e dXc \jkX[f p k`\e\ leX \[X[ Xgifo`dX[X [\ +, XÂŒfj% :FEJKIL::@FE Ăˆ9É1 @dgcXekX[X p X[fjX[X \e gXik\ [\c Z\iiXd`\e$ kf Efik\ [\c k\ii\ef% D\[`X X^lX ]fidX[X gfi le YXÂŒf p le ZlXikf2 [\ gXi\[\j [\ cX[i`ccf \e gXik\ \eZclZ`[Xj p g`ekX[Xj p \e fkiX Zfe i\ZlYi`d`\ekfj [\ Xqlc\af X d\[`X XckliX2 ZlY`\ikX [\ dX[\$ iX Zfe k\Z_X[f [\ Z`eZ2 j`e Z`\cf iXjf2 g`jf gXm`d\ekX[f \e gXik\ p \e fkiX [\ YXc[fjX# gl\ikXj [\ dX[\iX kXdYfiX[Xj% <c }i\X [\ \jkX ZfejkilZZ`Â?e \j [\ (,%/' d)# j\ \eZl\ekiX \e dXc \jkX[f p k`\e\ leX \[X[ Xgifo`dX[X [\ *' XÂŒfj% +% F9I8J <OK<I@FI<J1 8 d}j [\c Z\iiXd`\ekf# \o`jk\ le gXk`f gXm`d\ekX[f# \e \c hl\ j\ \eZl\e$ kiX leX cXmXe[\iˆX [\ ) j\im`Z`fj g`\[iX [\ cXmXi ,% @E=I8<JKIL:KLI81 <c `edl\$ Yc\ Zl\ekX Zfe cfj j\im`Z`fj Y}j`$ Zfj [\ `e]iX\jkilZkliX# \j [\Z`i k`\e\ X^lX gfkXYc\# \e\i^ˆX \c„Z$ ki`ZX# XcZXekXi`ccX[f p k\c„]fef% -% 8M8CLF1 Cfj gi`eZ`gXc\j gXi}$ d\kifj k„Ze`Zfj# liYXeˆjk`Zfj#
ZfejkilZk`mfj hl\ _\ Zfej`[\iX[f gXiX \c XmXcÂ’f jfe1 $ CfZXc`qXZ`Â?e [\c `edl\Yc\ Zfe i\jg\Zkf X cX gXiifhl`X% $ K`gf [\ mˆXj [\ XZZ\jf Xc `edl\$ Yc\% $ Ljf [\ jl\cf [\c j\Zkfi \e \c hl\ j\ cfZXc`qX \c `edl\Yc\% $ LY`ZXZ`Â?e [\c \hl`gXd`\ekf liYXef p d}j j\im`Z`fj giÂ?o`dfj Xc `edl\Yc\% $ :XiXZk\iˆjk`ZXj p \[X[ [\ cXj ZfejkilZZ`fe\j% $ <o`jk\eZ`X f Xlj\eZ`X [\ cfj j\i$ m`Z`fj Y}j`Zfj [\ `e]iX\jkilZkliX% $ Gi\Z`f XZklXc [\ d\iZX[f [\ k\ii\efj d}j Z\iZXefj Xc `edl\Yc\ \e Zl\jk`Â?e% :FE:<GKF2 :8EK@;8;2 LE@;8;2 G% LE@K8I@F2 G% KFK8C K\ii\ef p F% <ok\i`fi\j2 )+/#''2 d)2 /'#''2 (0%/+'#'' :fejkilZZ`Â?e Ăˆ8É2 (.(#)'2 d)2 *'%''2 ,%(*-%'' :fejkilZZ`Â?e Ăˆ9É2 (,%/'2 d)2 *'#''2 +.+#'' KFK8C ),%+,'%'' <c XmXcÂ’f [\c /,#.' [\ cfj [\i\$ Z_fj p XZZ`fe\j# [\ gifg`\[X[ [\ cfj [\dXe[X[fj ZÂ?epl^\j Ji% Cl`j =\ieXe[f J`^Z_X :_lhl` p JiX% AlXeX 8dgXif P}e\q GXZ_\Zf# hl\ _X j`[f \dYXi^X[f [\ekif [\ cX gi\j\ek\ ZXljX# \hl`mXc\ X )(%/('#-, JFE1 M<@EK@LE D @ C F:?F:@<EKFJ ;@<Q -,&('' ;FC8I<J <e \c [ˆX p _fiX j\ÂŒXcX[fj gXiX \c i\dXk\# j\ i\Z`Y`i}e f]\ikXj hl\ ZlYiXe gfi cf d\efj cXj [fj k\iZ\iXj gXik\j [\c XmXcÂ’f [\ cfj [\i\Z_fj p XZZ`fe\j X i\dXkXij\# X[alekXe[f \c (' [\ cf f]i\Z`[f \e [`e\if \]\Zk`mf f Z_\hl\ Z\i$ k`]`ZX[f X efdYi\ [\ \jkX al[`ZX$ kliX% <c `edl\Yc\ \dYXi^X[f j\ \eZl\ekiX X ZXi^f [\c ;\gfj`kXi`f Al[`Z`Xc% ;i% ALC@F >FI;@CCF D8C;FE8;F Cf hl\ Zfdle`Zf p c\ efk`]`Zf Xc gÂ’Yc`Zf \e ^\e\iXc gXiX cfj ]`e\j c\^Xc\j Zfej`^l`\ek\j ; I% < ;N @ E : <M8 C CFJ 8DGL;@8% J<:I<K8I@F ?Xp ]`idX p j\ccf 8:&((('+&k]
ALQ>8;F ;<:@DF ;< CF :@M@C ;< G@:?@E:?8 8M@JF ;< I<D8K< J\ gfe\ \e ZfefZ`d`\ekf [\c g’Yc`Zf \e ^\e\iXc# hl\ \c [ˆX )/ [\ alc`f [\c )'((# [\j[\ cXj ZXkfiZ\ _fiXj _XjkX cXj [`\Z`fZ_f _fiXj
j\ cc\mXi} X ZXYf \e cX j\Zi\kXiˆX [\c Alq^X[f ;„Z`df [\ cf :`m`c [\ G`Z_`eZ_X# [\ekif [\c al`Z`f [\ <dYXi^f p I\dXk\ Ef% 0.0$)''+ A:% I# \c I<D8K< [\c Y`\e \dYXi$ ^X[f M\_ˆZlcf # ZlpXj ZXiXZk\iˆj$ k`ZXj jfe1 :8I8:K<IĂ JK@:8J ><E<I8C<J ;<C M<?Ă :LCF D8I:81 @JLQL DF;<CF1 =KI *)$D K@GF1 FDE@9LJ DFKFI1 >?<(/0(-,) :?8J@J1 A8C=KI*)DN*''')', GC8:8J1 GQB$++, :FCFI1 8QLC$9C8E:F XZklXc$ d\ek\ YcXeZf p ifaf 8zF1 (00/ :FE;@:@FE<J <OK<IE8J ;<C M<?Ă :LCF G8I89I@J8J ;<C =I<EK< IFKF :?FHL< =IFEK8C C<M< J@E :8AL<C8 <E <C C8;F @QHL@<I;F K8EHL< ;< :FD9LJK@9C< J@E K8G8 I8P8;F <E <C C8;F @QHL@<I;F :?FHL< <E C8 G8IK< KI8J<I8 ;<I<:?8 C8 :8IIF:<IĂ 8 J< <E:L<EKI8 :FE FO@;F I<KIFM@JFI ;<C C8;F ;<I<:?F IFKF :FE;@:@FE<J @EK<IE8J ;<C M<?Ă :LCF +( 8J@<EKFJ G8I8 G8J8A<IFJ *, :FE =FIIFJ :8IIF FO@;8;F GFI ;<EKIF P GFI =L<I8 :89@E8 <E GyJ@DF <JK8;F G8E<C ;< :FEKIFC IFKF# EF K@<E< I8;@F# K<C<M@J@äE K8DGF:F ;M; J< ;<J:FEF:< < C =LE:@FE8D@<EKF ;< C8 :8C<=8::@äE P ;< C8J CL:<J K8EKF @EK<IE8J :FDF <OK<IE8J MF C 8 E K < ; < K < I @ F I8 ; F @EJ<IM@9C< K@<E< =I<EF ;< D8EF P :FEKIFC ;< GL<IK8J GFIK8 <HL@G8A< @EK<IEF ;< CFJ ;FJ C8;FJ CC8EK8J C C 8 E K8 J ;<C C 8 ; F ; < I <: ? F# I < : F I I @ ; F 8GIFO@D8;8D<EK< , D<J<J C C 8 E K8 J ;<C C 8 ; F @ QH L @ < I ; F% I <:F I I @ ; F 8GIFO@D8;8D<EK< , D<J<J CC8EK8J ;<C C8;F @QHL@<I;F ;< C8 G8IK< KI8J<I8 @EJ<IM@9C<J CcXekXj [\ cfj Ylj\j gfi cf ^\e\iXc j\ cXj [\Y\ ZXdY`Xi ZX[X 0 X ('
REPUBLICA DEL ECUADOR SUPERINTENDENCIA DE COMPAÑIAS
EXTRACTO DE LA ESCRITURA PĂšBLICA DE AUMENTO DE CAPITAL Y REFORMA DE ESTATUTOS DE IQE DE ECUADOR S.A. Se comunica al pĂşblico que la compaĂąĂa IQE DE ECUADOR S.A. aumentĂł su capital en US$ 45.814,00 y reformĂł sus estatutos por escritura pĂşblica otorgada ante la Notaria TrigĂŠsima Primera del Distrito Metropolitano de Quito el 1 de Marzo de 2011. Actos societarios aprobados por la Superintendencia de CompaĂąĂas, mediante ResoluciĂłn No. SC.IJ.DJC.Q.11.002305 de 30 de Mayo de 2011 En virtud de la escritura pĂşblica mencionada, la compaĂąĂa reforma el artĂculo cuarto del Estatuto Social, de la siguiente manera: “ARTĂ?CULO CUARTO.- CAPITAL AUTORIZADO, SUSCRITO Y PAGADO.- El capital autorizado es de CIENTO ONCE MIL SEISCIENTOS VEINTIOCHO DĂ“LARES DE LOS ESTADOS UNIDOS DE AMÉRICA (US$ 111.628). El capital suscrito y pagado es de CINCUENTA Y CINCO MIL OCHOCIENTOS CATORCE DĂ“LARES DE LOS ESTADOS UNIDOS DE AMÉRICA (US$ 55.814), dividido en cincuenta y cinco mil ochocientas catorce acciones ordinarias y nominativas de un dĂłlar de los Estados Unidos de AmĂŠrica (US$ 1,00), de valor nominal cada una,...â€?. Distrito Metropolitano de Quito, 30 de Mayo de 2011
Quito, 03 de Junio de 2011. Dr. Oswaldo Noboa León DIRECTOR JUR�DICO DE COMPAÑ�AS AR/83166/cc
Ab. Hugo Arias Salgado INTENDENTE JURĂ?DICO AR/83161/cc
d\j\j% <OKI8J ;FJ 98K<IĂ 8J <E <JK8;F ;< ;<J:FDGFJ@:@äE J@E ?<II8D@<EK8J :FE;@:@FE<J ; < =LE:@FE8D@<EKF DFKFI J< <E:L<EKI8 <E 9L<E <JK8;F# 8C DFD<EKF ;< I<8C@Q8I <C 8M8CèF GI<:@F ;<C M<?Ă :LCF <C B@CFD<KI8A< ;<C 9LJ D8I:8 ),+%0+' ;< I<:FII@;F% Cl\^f [\ _XY\i i\Xc`qX[f le \jkl$ [`f [\ d\iZX[f \e Ylj\j [\ j`d`cX$ i\j Zfe[`Z`fe\j# dXiZXj p kfdXe$ [f \e Zl\ekX hl\ \c m\_ˆZlcf \j [\c XÂŒf (00/ p hl\ [`Z_f m\_ˆZlcf j\ ljXYX \e JXekf ;fd`e^f [\ cfj :fcfiX[fj [fe[\ cfj m\_ˆZlcfj k`\e[\e X [`jd`el`i dXpfid\ek\ [\ dXe\iX XZ\c\iX[X jl m`[X Â’k`c% <c XmXcÂ’f [\c d`jdf \j [\ HL@E:< D@C ;äC8I<J LJ;% (,%'''#'' J\ i\Z`Y`i}e gfjkliXj hl\ ZlYiXe gfi cf d\efj \c Z`eZl\ekX gfi Z`\ekf [\c XmXcÂ’f XgifYX[f# \e [`e\if \e \]\Zk`mf p&f Z_\hl\ Z\i$ k`]`ZX[f X cX fi[\e [\c Alq^X[f# gfi kiXkXij\ [\c j\^le[f j\ÂŒXcX$ d`\ekf# `e]fid\j \e cX j\Zi\kXiˆX [\ \jkX al[`ZXkliX p Ji% FjnXc[f D`ÂŒf# ;\gfj`kXi`f Al[`Z`Xc$ Al`Z`f <dYXi^f p I\dXk\ Ef# 0.0$)''+ A:I% ;I% <;>8I ?8IF M8C<EQL<C8 J<:I<K8I@F < ?Xp ]`idX p j\ccf 8:&.00/(&k]
ALQ>8;F ;< :F8:K@M8J ;<C 98E:F E8:@FE8C ;< =FD<EKF JL:LIJ8C 98<Q8 8M@JF ;< I<D8K< Gfe^f \e ZfefZ`d`\ekf \c gÂ’Yc`Zf hl\ \c [ˆX M@<IE<J / ;< ALC@F ;<C )'((# [\j[\ cXj (+_'' _XjkX cXj (/_'' \e cXj f]`Z`eXj [\c Alq^X[f [\ :fXZk`mXj [\c 9XeZf EXZ`feXc [\ =fd\ekf JlZlijXc 9X\qX# lY`ZX[fj \e cX ZXcc\ (. [\ \e\if p cX DX[il^X[X# k\e[i} cl^Xi cX [`c`^\eZ`X [\c i\dXk\ [\c Y`\e iXˆq \dYXi^X[f [\ekif [\ cX gi\$ j\ek\ ZXljX# d`jdf hl\ \jk} `e[`$ m`[lXc`qX[f [\ cX j`^l`\ek\ dXe\$ iX1 Cfk\ [\ k\ii\ef iliXc j&e# ZlpX jlg\i]`Z`\ Xgifo`dX[X \j [\ :@<E ?<:KĂ?I<8J (''#ff _\Zk}i\Xj # lY`ZX[f \e \c j\Zkfi CXj GXcdXj 9p GXjj # [\ cX GXiifhl`X JXe =iXeZ`jZf [\ 9fiaX# :XekÂ?e Hl`afj# Gifm`eZ`X [\ EXgf# Z`iZlejZi`kf [\ekif [\ cfj j`^l`\ek\j c`e[\ifj1 EFIK<1 :fe I`XZ_l\cf JXi[`eXj
\e gXik\ p \e fkiX cX Hl\YiX[X [\ <c GXek\�e2 JLI1 :fe \c I`XZ_l\cf =fk}e p \e gXik\ leX Hl\YiX[X hl\ j\gXiX [\ cfj gfki\ifj JXe Afi^\ p JXe >l`cc\idf2 <JK<1 :fe \c Iˆf Hl`afj2 p# F<JK<1 :fe ZXd`ef g’Yc`Zf% <e cX gifg`\[X[ \o`jk\e1 /'#ff _ [\ gXjkfj2 )'#ff _ [\ dfekXŒX# leX ZXjX [\ ((*#*/ d)% <c kfkXc [\c XmXc’f \j [\ :@<EKF :L8I<EK8 D@C J<K<:@<EKFJ :@E:L<EK8 P LE ;FC8I<J :FE -'&'' (+'%.,(#-' ? GlYcˆhl\j\ le \okiXZkf [\ \jk\ j\ŒXcXd`\ekf gfi ki\j fZXj`fe\j \e lef [\ cfj g\i`�[`Zfj [\ dXpfi Z`iZlcXZ`�e d\[`Xe[f \eki\ glYc`ZXZ`�e p glYc`ZXZ`�e gfi cf d\efj \c k„i$ d`ef [\ fZ_f [ˆXj p [\ cX ’ck`dX [\ \ccXj _XjkX \c [ˆX [\c i\dXk\%$ j\ ]`aXi}e cfj ZXik\c\j \e cX ]fidX hl\ [`jgfe\ \c 8ik% +,- [\c :�[`^f [\ GifZ\[`d`\ekf :`m`c% Gfi kiXkXij\ [\c GI@D<I J<z8C8D@<EKF j\ XZ\gkXi}e gfjkliXj Xc ZfekX[f f X gcXqfj# gfi \jZi`kf p hl\ ZlYiXe gfi cf d\efj cXj [fj k\iZ\iXj gXik\j [\c mXcfi `e[`ZX[f \e \c XmXc’f2 gi\]`i`\e[f Xhl„ccXj hl\ f]i\qZXe \c gX^f [\ ZfekX[f% J\ [\Y\i} XZfdgXŒXi \c (' [\c mXcfi [\ cX f]\ikX \e \]\Zk`mf f \e Z_\hl\ Z\ik`]`ZX[f X cX fi[\e [\c Al\q ;\c\^X[f [\ :fXZk`mXj [\c 9XeZf EXZ`feXc [\ =fd\ekf# JlZlijXc 9X\qX# Ef j\ kfdXi}e \e Zl\ekX cXj gfjkliXj hl\ j\ gi\$ j\ek\e j`e cX ]`idX [\ XYf^X[f$ <c i\dXk\ j\ cf _Xi} Zfdf Zl\igf Z`\ikf# [\ Zfe]fid`[X[ Zfe cf [`j$ gl\jkf \e \c 8ik% (..* [\c :�[`^f :`m`c% Cfj ^Xjkfj [\ kiXej]\i\eZ`X [\ [fd`e`f j\i}e [\ Zl\ekX [\c X[al[`ZXkXi`f# Zfe \oZ\gZ`�e [\ Xhl„ccfj hl\ gfi dXe[Xkf [\ cX c\p [\Y\e j\i ZlY`\ikfj gfi \c gif$ g`\kXi`f [\c `edl\Yc\ Efk`]ˆhl\j\ p Z’dgcXj\% DXpfi `e]fidXZ`�e j\ [Xi} \e cX J\Zi\kXiˆX [\c Alq^X[f [\ :fXZk`mXj f X cfj e’d\ifj k\c\]�$ e`Zfj '-)*)'()-&'-)*)'+/, GXik`ZlcXi hl\ gfe^f \e ZfefZ`$ d`\ekf [\c g’Yc`Zf gXiX cfj ]`e\j c\^Xc\j% CF :<IK@=@:F 9X\qX# (- [\ DXpf [\c )'(( JikX% >`jZ\ccX :\mXccfj Jl}i\q J<:I<K8I@8 8;$?F: ?Xp ]`idX p j\ccf 8:&.0.+)&k]
ALQ>8;F :L8IKF ;< KI898AF ;< G@:?@E:?8 8M@JF ;< I<D8K< AL@:@F FI8C ;< KI898AF Ef% /.+$'.$::
J\ gfe\ \e ZfefZ`d`\ekf [\c g’Yc`Zf \e ^\e\iXc hl\ \e cX J\Zi\kXi`X [\c Alq^X[f :lXikf [\c KiXYXaf [\ G`Z_`eZ_X# [\ cXj (+_'' X cXj (/_''# [\c [ˆX )( [\ ALE@F [\c )'((# j\ cc\mXi} X \]\Zkf \c I<D8K< [\ cfj Y`\e\j dl\Yc\j1 Le ZlX[if g`ekliX Xc �c\f jfYi\ c`\eqf k\dX KFIF [\c Xik`jkX E`XlgXi`# Le ZlX[if g`ekliX Zfe k„Ze`ZX d`okX k\okliX[f jfYi\ c`\eqf k\dX :898CCF [\c Xik`jkX Hl`cclgXe^l`# Le ZlX[if g`ekliX Xc �c\f d`okf k\okliX[f jfYi\ c`\eqf k\dX 9FJHL< M@I><E# [\c Xik`jkX Hl`cclgXe^l`# Le ZlX[if g`ekliX Xc �c\f jfYi\ c`\eqf k\dX >C8;@8;FI<J <E <C <JG8:@F [\c Xik`jkX Hl`cclgXe^l`# Le ZlX[if g`ekliX Xc �c\f jfYi\ c`\eqf Zfe dXiZf [\ dX[\iX k\dX ;<JEL;8 Xik`jkX 8e�e`df# Le ZlX[if g`ekliX Xc �c\f d`okX k\okliX[f jfYi\ c`\e$ qf k\dX ?FD9I< 8=C@>@;F# [\c Xik`jkX Fie\kf# Le ZlX[if g`ekliX Xc �c\f jfYi\ c`\eqf Zfe dXiZf [\ dX[\iX k\dX HL@KF :FCFE@8C# [\c Xik`jkX J8EK@8>F# Le :I@JKF \e dX[\iX kXccX[X Zfcfi ZX]„ Zfe ZfifeX [\ gcXkX Xik`jkX 8e�e`df# Le :I@JKF dX[\iX kXccX[X Zfcfi YcXeZf Xik`jkX 8e�e`df# Le :fdglkX[fi gfikXk`c Zfcfi e\^if ?G GXY`ccfe ;M )'''# Zlpf XmX$ c’f g\i`Z`Xc XjZ`\e[\ X cX jldX [\ LJ; +%(''#ff%$ CXj gfjkliXj j\ i\Z`Y`i}e X gXik`i [\ Xhl\ccX hl\ ZlYiX cXj [fj k\iZ\iXj gXik\j [\c XmXc’f# gfi j\i gi`d\i j\ŒX$ cXd`\ekf# gi\m`X cX Zfej`^eXZ`�e [\c [`\q gfi Z`\ekf [\ cX f]\ikX# \e [`e\if \e \]\Zk`mf f \e Z_\hl\ Z\ik`]`ZX[f X fi[\e [\c Alq^X[f% Cfj `ek\i\jX[fj gl\[\e i\m`jXi cfj Y`\e\j X i\dXkXij\ gfe`„e[fj\ \e ZfekXZkf Zfe \c j\Œfi ;\gfj`kXi`f Al[`Z`Xc ;i% =i\[[p :\[\Œf% ;I% D8I@F D<A@8 8IIF98 J<:I<K8I@F ;<C ALQ>8;F :L8IKF ;< KI898AF ;< G@:?@E:?8 8:&.0,(0&k]
ALQ>8;F F:K8MF ;< C8 E@z<Q P 8;FC<J:<E:@8 ;< G@:?@E:?8 8M@JF AL;@:@8C ;< I<D8K< AL@:@F ;< 8C@D<EKFJ EIF% )/,+$)''+$:%C% J< GFE< <E :FEF:@D@<EKF ;<C GL9C@:F <E ><E<I8C HL< <E C8 J<:I<K8I@8 ;<C ALQ>8;F F:K8MF ;< C8 E@z<Q P 8;FC<J:<E:@8 ;< G@:?@E:?8# <C ;Ă 8 AL<M<J KI<@EK8 ;< ALE@F ;<C 8zF
I_ gk_[h[i be]hWh [b ƒn_je [d [b ckdZe cWjW jk YedY_[dY_W$ 9ED:; :; C?H78;7K
;FJ D@C FE:< 8 G8IK@I ;< C8J :8KFI:< ?FI8J ?8JK8 C8J ;@<:@F:?F ?FI8J# M8 8 K<E<I CL>8I <C I<D8K< ;<C 9@<E @EDL<9C< <D98I>8;F ;<EKIF ;< C8 GI<J<EK< :8LJ8# :FE CFJ ;8KFJ P D8J <JG<:@=@:8:@FE<J HL< J< ;<K8CC8E 8 :FEK@EL8:@FE% (%$ Cl^Xi [\ cX \og\ik`Z`X1 <c Y`\e `edl\Yc\ dfk`mf [\ cX [`c`^\eZ`X j\ \eZl\ekiX lY`ZX[f \e \c YXii`f cX ClZ_X [\ cfj GfYi\j# cfk\ Ef% )-# dXeqXeX P# gXjXa\ Ef% )# [\ cX gXiifhl`X <cfp 8c]Xif# [\c ZXekÂ?e Hl`kf# gifm`eZ`X [\ G`Z_`eZ_X )%$ FYa\k`mf gi`eZ`gXc [\c `e]fid\1 :XiXZk\iˆjk`ZXj1 <c j\Zkfi Zl\ekX Zfe kf[fj cfj j\im`Z`fj [\ `e]iX$ \jkilZkliX p \hl`gXd`\ekf liYX$ ef# Zfdf \j XcZXekXi`ccX[f# X^lX gfkXYc\# \e\i^ˆX \c„Zki`ZX# i\[ k\c\]Â?e`ZX# XZ\iXj# Yfi[`ccfj# mˆXj X[fhl`eX[Xj% <c `edl\Yc\ \jk} Zfe]`^liX[f [\ le cfk\ [\ k\ii\ef [\ ]fidX i\ZkXe^lcXi Zfe kfgf^iX$ ]ˆX `eZc`eX[X *%$ C`e[\ifj [\c k\ii\ef1 EFIK<1 :fe \c gXjXa\ [fj \e leX cfe^`kl[ [\ )'#'' d\kifj JLI1 :fe \c cfk\ eÂ’d\if m\`ek\ p j`\k\ \e leX cfe^`kl[ [\ )'#'' d\kifj <JK<1 :fe \c gXjXa\ lef \e leX cfe^`kl[ [\ 0#'' d\kifj F<JK<1 :fe \c cfk\ eÂ’d\if ki\`ekX p ZlXkif \e leX cfe^`kl[ [\ 0#'' d\kifj +%$ Jlg\i]`Z`\ [\c k\ii\ef1 :@<EKF F:?<EK8 D<KIFJ :L8;I8;FJ (/'#''d) ,%$ :fejkilZZ`fe\j \o`jk\ek\j1 <c `edl\Yc\ k`\e\ [fj ZfejkilZZ`fe\j [\ leX gcXekX [\jk`eX[Xj X m`m`\e$ [X%$ :FEJKIL::@äE <O@JK<EK< Ef% ( %$ LeX gcXekX gi`eZ`gXc # jlj XdY`\ek\j jfe1 jXcX# Zfd\$ [fi# ZfZ`eX# [fj [fid`kfi`fj2 jl \jkilZkliX \j [\ _fid`^Â?e XidX[f \e Z`d`\ekfj# ZX[\eXj# ZfcldeXj2 DXdgfjk\iˆX [\ Ycf$ hl\2 I\ZlYi`d`\ekfj1 \eclZ`[f1 `ek\i`fi p \ok\i`fi# G`ekX[f1 `ek\$
i`fi# Z\i}d`ZX [\ g`jf \e1 ZfZ`eX# jXcX# Zfd\[fi2 <eki\g`jfj1 g`jf [\ _fid`^Â?e j`dgc\2 :fY\ikliX1 cfjX [\ _fid`^Â?e XidX[f2 Gl\ikXj1 \ok\i`fi1 \j [\ dX[\iX p d\k}c`ZX# `ek\i`fi1 \j [\ dX[\iX2 M\ekXeXj1 _`\iif# m`[i`f p gifk\Z$ Z`fe\j d\k}c`ZXj2 @ejkXcXZ`fe\j \c„Zki`ZXj1 \dgfkiX[Xj \e i\^lcXi \jkX[f2 @ejkXcXZ`fe\j jXe`kXi`Xj1 \dgfkiX[Xj \e i\^lcXi \jkX[f2 <jkX[f1 i\^lcXi ]XckX k\id`eXi 2 Ă?i\X [\ ZfejkilZZ`Â?e Ef% ( m`m`\e$ [X 1 ,/#('d)%$ :FEJKIL::@äE <O@JK<EK< Ef% ) %$ LeX gcXekX d\[`Xj X^lXj 2 8dY`\ek\j1 ZfZ`eX# [fj [fid`kfi`fj# le YXÂŒf# leX Yf[\^X2 <jkilZkliX1 Ycfhl\ kiXYX[f2 DXdgfjk\iˆX1 Ycfhl\2 I\ZlYi`d`\ekfj1 \eclZ`[f1 `ek\$ i`fi p \ok\i`fi# g`ekX[f1 `ek\i`fi2 <eki\g`jfj1 g`jf [\ _fid`^Â?e j`dgc\2 :fY\ikliX1 dX[\iX p q`e^2 Gl\ikXj1 \ok\i`fi1 \j d\k}c`ZX2 M\ekXeXj1 _`\iif p gifk\ZZ`fe\j d\k}c`ZXj2 <jkX[f1 dXcf ]XckX dXe$ k\e`d`\ekf 2 Ă?i\X [\ :fejkilZZ`Â?e Ef% ) d\[`Xj X^lXj 1 0+#*'d)% -%$ 8mXcÂ’f1 M<@EK< P EL<M< D@C EFM<:@<EKFJ KI<@EK8 P :@E:F ;FC8I<J 8D<I@:8EFJ LJ;% )0%0*,#ff # j\^Â’e `e]fid\ jljZi`$ kf gfi \c g\i`kf `e^\e`\if =XY`}e MXi^Xj p ;\gfj`kXi`f al[`Z`Xc [fZ$ kfi =i\[[p :\[\ÂŒf# [\ ]\Z_X (- [\ fZklYi\ [\c )''0% GFI KI8K8IJ< ;<C GI@D<I J<z8C8D@<EKF J< I<:<GK8I8E GFJKLI8J ;<J;< 8HL<CC8J HL< :L9I8E C8J ;FJ K<I:<I8J G8IK<J ;<C 8M8CLF KFK8C# :FEJ@>E8E;F <C ;@<Q GFI :@<EKF ;< C8 D@JD8 <E ;@E<IF <E <=<:K@MF F :?<HL< :<IK@=@:8;F 8 EFD9I< ;<C ALQ>8;F Cf hl\ Zfdle`Zf X ljk\[ gXiX cfj ]`e\j [\ c\p ;I% ;@<>F :8D8:?F :?8M<Q J<:I<K8I@F ?Xp ]`idX p j\ccf 8:&.0-/-&k]
ALQ>8;F :L8IKF ;< CF :@M@C ;< G@:?@E:?8% 8M@JF AL;@:@8C ;< I<D8K< J\ _XZ\ ZfefZ\i Xc gÂ’Yc`Zf \e ^\e\iXc# gXiX cfj ]`e\j [\ C\p Zfej`^l`\ek\j# hl\ gfi [`jgfj`$ Z`Â?e [\c j\ÂŒfi Al\q :lXikf [\ cf :`m`c [\ G`Z_`eZ_X# [`ZkX[X \e cX ZXljX <A<:LK@MF Ef% 0(.$'/ G:? # \c [ˆX hl\ ZfekXi\dfj (( [\ alc`f [\c )'((# [\j[\ cXj ZXkfi$ Z\ _XjkX cXj [`\Z`fZ_f _fiXj# \e cX J\Zi\kXiˆX [\ \jkX al[`ZXkliX# j\ \]\ZklXi} \c I\dXk\ [\c Y`\e `edl\Yc\ dXk\i`X [\ cX gi\j\ek\ ZXljX # ZlpXj ZXiXZk\iˆjk`ZXj j\ [\kXccXe X Zfek`elXZ`Â?e1 L9@:8:@äE ;<C @EDL<9C<1 <c `edl\Yc\ dXk\i`X [\c \jkl[`f j\ \eZl\ekiX lY`ZX[f \e cX gifm`eZ`X [\ G`Z_`eZ_X# ZXekÂ?e Hl`kf# gXiif$ hl`X JXe J\YXjk`}e# cfk\ E% /++# LiYXe`qXZ`Â?e <[„e [\c MXcc\% C@E;<IFJ J@E>LC8I<J P JLG<I=@:@< ;<C @EDL<9C< EFIK<1 Cfk\ E% /+,# \e leX \ok\ej`Â?e [\ (,%''d JLI1 Cfk\ E% /+* \e leX \ok\ej`Â?e [\ (,%''d <JK<1 :Xcc\ E% ( ?fp Afi^\ >l\ii\if \e leX \ok\ej`Â?e [\ 0%''d% F<JK<1 :fe \c cfk\ E% /** \e leX \ok\ej`Â?e [\ 0%''d% Jlg\i]`Z`\ [\c cfk\ \j [\ Z`\ekf ki\`ekX p Z`eZf d\kifj ZlX[iX[fj (*,d) ;<J:I@G:@äE <JG8:@8C ;< C8 :FEJKIL::@FE ;\c e`m\c \e gcXekX YXaX1 JXcX :fd\[fi :fZ`eX Le YXÂŒf ]Xd`c`Xi LeX Yf[\^X Le gXk`f [\ j\im`Z`f LeX cXmXe[\iˆX ;\c e`m\c \e gcXekX XckX1 :lXkif [fid`kfi`fj LeX YXÂŒf ]Xd`c`Xi# \c XmXeZ\ [\ fYiX \j gXiZ`Xc Le _Xcc [\ [`jki`YlZ`Â?e ;\ cX Z`iZlcXZ`Â?e m\ik`ZXc1 J\ kiXkX [\ leX ^iX[X `ek\ieX [\ dX[\iX [\j[\ \c ZlXc j\ XZZ\[\ X cX gcXekX XckX% I<;<J ;< @E=I8<JKIL:KLI81 MˆX Zfc`e[Xek\1 8lkfg`jkX >\e\iXc Ild`ÂŒX_l` KiXejgfik\ GÂ’Yc`Zf1 Cˆe\X [\ kiXejgfik\ Zfc\Zk`mf 8^lX GfkXYc\1 I\[ Dle`Z`gXc [\ X^lX gfkXYc\ <e\i^ˆX <c„Zki`ZX1 I\[ gÂ’Yc`ZX Æ ^\e\iXc [\ \e\i^ˆX \c„Zki`ZX 8cZXekXi`ccX[f1 I\[ [\ XcZXekXi`$ ccX[f gÂ’Yc`Zf
REPĂšBLICA DEL ECUADOR SUPERINTENDENCIA DE BANCOS Y SEGUROS
EXTRACTO DE LA ESCRITURA PÚBLICA DE CAMBIO DE DENOMINACIÓN Y REFORMA DEL ESTATUTO SOCIAL DE STERLING RE INTERMEDIARIO DE REASEGUROS S.A. Se comunica al público en general que STERLING RE INTERMEDIARIO DE REASEGUROS S.A. mediante escritura pública otorgada ante el Notario Cuarto Encargado, del cantón Quito, el 6 de mayo de 2011, cambió su denominación por la de COMPAÑ�A INTERMEDIARIA DE REASEGUROS ROYALTY-RE S.A., y reformó el estatuto social.
EXTRACTO De conformidad con lo establecido en el artĂculo 43 del Reglamento de Concesiones y Permisos de OperaciĂłn, se pone en conocimiento del pĂşblico en general, que mediante ResoluciĂłn No. 41/2011, 1 de junio del 2011, el Presidente del Consejo Nacional de AviaciĂłn Civil, acepta a trĂĄmite la siguiente solicitud: NOMBRE DE LA COMPAĂ‘Ă?A: ROTOR WAYS SERVICIO S.A. REPRESENTANTE LEGAL: Sra. MarĂa Isabel VelĂĄsquez Santana. ABOGADO: Dr. SebastiĂĄn Navarro Egas.
Quienes se creyeren perjudicados en sus intereses y con derecho pueden presentar su oposiciĂłn ante uno de los jueces de lo Civil del domicilio principal de la compaĂąĂa, que lo tiene ubicado en el Distrito Metropolitano de Quito, dentro del tĂŠrmino de seis dĂas contados desde la fecha de la Ăşltima publicaciĂłn de este extracto. El juez que reciba la oposiciĂłn y/o el accionante notificarĂĄ a esta Superintendencia, hasta dentro de dos dĂas hĂĄbiles posteriores al Ăşltimo seĂąalado para presentar la oposiciĂłn, conjuntamente con la copia de la peticiĂłn y la providencia a ella recaĂda. Quito, Distrito Metropolitano, veintisĂŠis de mayo de dos mil once
SOLICITUD: ObtenciĂłn de una concesiĂłn de operaciĂłn del servicio de transporte aĂŠreo, pĂşblico, domĂŠstico, no regular, en la modalidad de taxi aĂŠreo, de pasajeros y carga, en forma combinada, en todas las rutas que la capacidad operacional de las aeronaves propuestas lo permitan dentro de todo el territorio nacional y regiĂłn insular del Ecuador. Los equipos de vuelo a operar son: -
-
HelicĂłptero EUROCOPTER, modelo LAMA SA315B, con capacidad de un (1) piloto mĂĄs cinco (5) pasajeros, arrendado bajo la modalidad de “dry leasingâ€?. HelicĂłptero EUROCOPTER, modelo ECUREUIL AS350 series, con capacidad de un (1) piloto mĂĄs seis (6) pasajeros, arrendado bajo la modalidad de “dry leasingâ€?;
Dado en el Distrito Metropolitano de Quito, a 1 de junio del 2011
Ab. Luis Cabezas-Klaere SECRETARIO GENERAL
Dr. Julio Carrera Grijalva SECRETARIO GENERAL DEL CONSEJO NACIONAL DE AVIACIÓN CIVIL AR/83135/cc
AB/29303/cc
Ĺ? ćĹ? Ĺ? Ĺ? Ĺ?Ä‚Ä€Ä Ä
Ĺ? +. Ĺ? ÄŒĹ? K\c\]feˆX1 I\[ k\c\]Â?e`ZX :EK J8 8M8CLF @EDL<9C<1 JFE : @ E : L < E K8 D @ C ;FJ:@<EKFJ KI<@EK8 P EL<M< ;FC8I<J 8D<I@:8EFJ :FE :@E:L<EK8 P :@E:F :<EK8MFJ ,'#)*0%,, Gfi kiXkXij\ [\c gi`d\i j\ÂŒX$ cXd`\ekf# kf[X gfjkliX [\Y\i} ZlYi`i gfi cf d\efj cXj [fj k\iZ\$ iXj gXik\j [\c XmXcÂ’f giXZk`ZX[f% 8 ZX[X gfjkliX# [\Y\i} XZfdgXÂŒXi$ j\ \c [`\q gfi Z`\ekf [\c mXcfi [\ cX f]\ikX# \e [`e\if \e \]\Zk`mf f \e Z_\hl\ Z\ik`]`ZX[f X cX fi[\e [\ \jkX Al[`ZXkliX% :\ik`]`Zf%$Hl`kf# (/ [\ dXpf [\c )'((% CZ[f% Cl`j 9XiX_feX Dfi\ef J<:I<K8I@F \ ?Xp ]`idX p j\ccf 8:&.0/..&k] 8M@JF ;< I<D8K< ALQ>8;F ;< :F8:K@M8J ;<C 98E:F E8:@FE8C ;< =FD<EKF JL:LIJ8C 98<Q8 Gfe^f \e ZfefZ`d`\ekf [\c gÂ’Yc`$ Zf hl\ \c [ˆX D8IK<J () ;< ALC@F ;<C )'(( [\j[\ cXj (+_'' _XjkX cXj (/_''# \e cXj f]`Z`eXj [\c Alq^X[f [\ :fXZk`mXj [\c 9XeZf EXZ`feXc [\ =fd\ekf JlZlijXc 9X\qX# lY`$ ZX[Xj \e cX 8m% Gi`eZ`gXc p ZXcc\ (. [\ \e\if# j\ cc\mXi} X ZXYf <C I<D8K< [\c `edl\Yc\ \dYXi^X$ [f \e \jkX ZXljX# \c d`jdf hl\ k`\e\ cXj j`^l`\ek\j ZXiXZk\iˆj$ k`ZXj1 GI<;@F LI98EF :FE :FEJKIL::@FE<J J@>E8;F :FE <C EèD<IF )*,# lY`ZX[f \e cX LiYXe`qXZ`Â?e Dle`Z`gXc El\mX 8e[XclZˆX [\ cX Z`l[X[ [\ 9X\qX# :XekÂ?e Hl`afj# Gifm`eZ`X [\ EXgf2 Z`iZlejZi`kf [\ekif [\ cfj j`^l`\e$ k\j c`e[\ifj p [`d\ej`fe\j1 EFIK<1 :fe \c cfk\ Ef% )*+# \e (- d\kifj2 JLI1 :fe cX ZXcc\ JldXZf \e (-%'' d\kifj2 <JK<1 :fe \c cfk\ Ef% )*.# \e *' d\kifj2 p# F<JK<1 :fe \c cfk\ Ef% ** \e *' d\kifj# CF HL< EFJ ;8 LE8 :89@;8 8GIFO@D8;8 ;< +/'D)# ;@JKI@9L@;8J ;< C8 J@>L@<EK< D8E<I81 K<II<EF +/' D) 8 I8QäE ;< ),%'' LJ; :&D)4 ()%'''LJ; :8J8 (/(%), D) 8 I8QäE ;< /'%'' LJ; :&D)4 (+%,'' LJ; <C M8CFI KFK8C ;<C 8M8CèF ;< <JK8 GIFG@<;8; 8J:@<E;< 8 M<@EK< P J<@J D@C HL@E@<EKFJ ''&('' LJ;% )-%,''%'' LJ; Gfi kiXkXij\ [\c J<>LE;F J<z8C8D@<EKF# j\ i\Z\gkXi}e gfjkliXj hl\ ZlYiXe gfi cf d\efj cX d`kX[ ,' [\c mXcfi [\c XmX$ cÂ’f2 Xj`d`jdf ef j\ XZ\gkXi}e cXj gfjkliXj hl\ ef j\ XZfdgXÂŒ\e Zfe gfi cf d\efj \c (' [\c mXcfi kfkXc [\ cX f]\ikX \e [`e\if \]\Zk`mf f \e Z_\hl\ Z\ik`]`ZX[f X cX fi[\e [\c Al\q [\ :fXZk`mXj [\c 9XeZf EXZ`feXc [\ =fd\ekf# JlZlijXc 9X\qX% Ef j\ kfdXi}e \e Zl\ekX cXj gfjkliXj hl\ j\ gi\j\ek\e j`e cX ]`idX [\ XYf^X[f$ <c i\dXk\ j\ cf _Xi} Zfdf Zl\igf Z`\ikf# [\ Zfe]fid`[X[ Zfe \c 8ik% (..* [\ cX :f[`]`ZXZ`Â?e [\c :Â?[`^f :`m`c% Kf[fj cfj ^Xjkfj hl\ j\ fZXj`feX$ i\e Zfe dfk`mf [\ cX kiXej]\i\e$ Z`X [\ [fd`e`f [\ [`Z_f `edl\Yc\ j\i}e [\ Zl\ekX [\c X[al[`ZXkXi`f# Zfe \oZ\gZ`Â?e [\ Xhl\ccfj hl\ gfi \ogi\jf dXe[Xkf c\^Xc [\YXe j\i gX^X[Xj gfi \c ZfXZk`mXqf% DXpfi `e]fidXZ`Â?e j\ [Xi} \e cX J\Zi\kXiˆX [\c Alq^X[f [\ :fXZk`mXj f X cfj eÂ’d\ifj k\c\$ ]Â?e`Zfj '-)*)'$()-&'-)*)'+/, GXik`ZlcXi hl\ gfe^f \e ZfefZ`$ d`\ekf [\c gÂ’Yc`Zf gXiX cfj ]`e\j c\^Xc\j :<IK@=@:F% 9X\qX# '+ [\ XYi`c [\c )'(( JikX% >`jZ\cX :\mXccfj Jl}i\q J<:I<K8I@8 8;$?F: ?Xp ]`idX p j\ccf 8:&.0.+(&k]
JF:@<;8; :FEPL>8C I<GL9C@:8 ;<C <:L8;FI ALQ>8;F M@>yJ@DF GI@D<IF ;< CF :@M@C ;< G@:?@E:?8 :@K8:@äE AL;@:@8C 8 C8 J<zFI8 9<KP P8E<K? 8CD<@;8 <JG@EFQ8 AL@:@F1 M<I98C JLD8I@F Ef% (.*/$)'(' I%:% 8:KFI%$ D8EL<C ?<ID@E@F :8II@FE C@J8C;<Q ;<D8E;8;8%$ 9<KP P8E<K? 8CD<@;8 <JG@EFQ8 F9A<KF1 ;@JFCM<I C8 JF:@<;8; :FEPL>8C
Ĉ
=LE;8D<EKF C<>8C%$ 8IK% /(* [\c ZÂ?[`^f [\ gifZ\[`d`\ekf Z`m`c :L8EKĂ 81 @E;<K<ID@E8;8 ;FD@:@C@F C<>8C1 :Xj`cc\if Al[`Z`Xc Eif% (*0* [\c ;i% IXÂ’c Cffi 8LKF ;< :8C@=@:8:@FE%$ ALQ>8;F M@>yJ@DF GI@D<IF ;< CF :@M@C ;< G@:?@E:?8%$ Hl`kf# m`\ie\j (( [\ dXiqf [\c )'((# cXj ((_*'%$M@JKFJ%$ LeX m\q hl\ j\ _X [X[f Zldgc`d`\ekf X cf [`jgl\jkf \e gifm`[\eZ`X gi\$ Z\[\ek\# j\ ZXc`]`ZX cX [\dXe[X Zfdf ZcXiX# Zfdgc\kX p Zfek\ek`mX [\ cfj i\hl`j`kfj gi\Z\gklX[fj \e cfj XikˆZlcfj -. p -/ [\c :Â?[`^f [\ GifZ\[`d`\ekf :`m`c2 Zfej\Zl\e$ k\d\ek\# X[d`k`„e[fcX Xc ki}d`k\ <jg\Z`Xc%$ ;\ Zfe]fid`[X[ Zfe cf [`jgl\jkf \e \c 8ik% /(+ [\c :ÂŽ[`^f [\ GifZ\[`d`\ekf :`m`c# ZÂŽiiXj\ kiXjcX[f Zfe cX g\k`Z`ÂŽe `e`Z`Xc p \c Zfek\e`[f [\ \jk\ Xlkf X cX j\ÂŒfiX1 9\kkp PXe\k_ 8cd\`[X <jg`efqX# gfi \c kÂ…id`ef [\ ki\j [`Xj# gXiX cfj i\jg\Zk`mfj ]`e\j [\ C\p%$ :‰k\j\ X cX [\dXe[X[X gfi d\[`f [\ cX gi\ejX \e lef [\ cfj [`Xi`fj [\ dXpfi Z`iZlcXZ`Â?e [\ \jkX Z`l[X[ [\ Hl`kf p \e Z`l[X[ [\ DXeXYˆ%$ 8^iÂ…^l\j\ \c [fZl$ d\ekf XZfdgXÂŒX[f%$ KÂ…e^Xj\ \e Zl\ekX \c ZXj`cc\if al[`Z`Xc [\j`^eX[f gfi \c ZfdgXi\Z`\ek\ gXiX jlj gfjk\i`fi\j efk`]`ZXZ`f$ e\j # p# cX Xlkfi`qXZ`ÂŽe Zfe]\i`[X X jl 8Yf^X[X [\]\ejfiX X ]‰e [\ hl\ `ek\im\e^X [\ekif [\ cX gi\$ j\ek\ ZXljX%$ 8Zk“\ \c C`Z% >l`[f <jg`efqX# \e ZXc`[X[ [\ J\Zi\kXi`f [\ \jkX Al[`ZXkliX# \e m`ikl[ [\ cX 8ZZ`ÂŽe [\ G\ijfeXc Eif% )).'$ ;G$;GG# [\ (* [\ FZklYi\ [\c )'('%$Efk`]‰hl\j\%$ ;I% IL9<E >@C<I :<;<zF% <C AL<Q Cf hl\ Zfdle`Zf X Ljk\[ p C< :@KF gi\m`e`„e[fc\ [\ cX fYc`^X$ Z`Â?e hl\ k`\e\ \c [\dXe[X[f [\ j\ÂŒXcXi ZXj`cc\if al[`Z`Xc# gXiX jlj gfjk\i`fi\j efk`]`ZXZ`fe\j%$ C@:% >L@;F <JG@EFQ8 J<:I<K8I@F ?Xp ]`idX p j\ccf 8:&.0,'(&k]
I% ;<C <% ALQ>8;F M@><J@DF GI@D<IF ;< CF :@M@C ;< G@:?@E:?8 :@K8:@FE AL;@:@8C 8 AL8E 8C9<IKF <JG@EFJ8 =CFI<J AL@:@F1 ;@JFCL:@FE ;< C8 JF:@<;8; :FEPL>8C Ef% (-./$ )''0$:%>% 8:KFI1 D8I@8 FC>8 CLE8 G8QD@zF ;<D8E;8;F1 AL8E 8C9<IKF <JG@EFJ8 =CFI<J =LE;8D<EKF C<>8C%$ 8ik% (0+# eld\iXc +kf# [\c :�[`^f :`m`c% :L8EK@81 @e[\k\id`eX[X ;FD@:@C@F C<>8C1 0)- ;i% IXd`if Fjfi`f ALQ>8;F M@><J@DF GI@D<IF ;< CF :@M@C ;< G@:?@E:?8%$ Hl`kf# dXik\j )+ [\ dXpf [\c )'((# cXj (-_*+%$M@JKFJ%$ LeX m\q hl\ j\ _X [X[f Zldgc`d`\ekf X cf fi[\$ eX[f \e gifm`[\eZ`X gi\Z\[\ek\ j\ [`jgfe\1 8mfZf ZfefZ`d`\ekf [\ cX gi\j\ek\ ZXljX \e m`ikl[ [\c jfik\f i\Xc`qX[f%$ CX [\dXe[X hl\ Xek\Z\[\ \j ZcXiX# gi\Z`jX p i\’e\ cfj [\d}j i\hl`j`kfj [\ c\p# gfi cf hl\ j\ cX XZ\gkX X ki}d`$ k\ <jg\Z`Xc% :fej\Zl\ek\d\ek\# Z�iiXj\ kiXjcX[f Zfe \c Zfek\e`[f [\ cX [\dXe[X p \jkX gifm`[\eZ`X Xc [\dXe[X[f1 AL8E 8C9<IKF <JG@EFJ8 =CFI<J gfi \c k„id`$ ef [\ ki\j [ˆXj# [\ Zfe]fid`[X[ Zfe cf [`jgl\jkf \e \c 8ik% /(+ [\c :�[`^f [\ GifZ\[`d`\ekf :`m`c%$ <e d„i`kf Xc aliXd\ek\ i\e[`[f gfi cX XZZ`feXek\# Zˆk\j\ Xc XZZ`f$ eX[f d\[`Xek\ glYc`ZXZ`fe\j [\ gi\ejX \e lef [\ cfj g\i`�[`Zfj [\ dXpfi Z`iZlcXZ`�e [\ \jkX Z`l[X[ [\ Hl`kf%$ K„e^Xj\ \e Zl\ekX \c ZXj`cc\if al[`Z`Xc j\ŒX$ cX[f gfi cX XZkfiX# cX [\j`^eXZ`�e [\ jl [\]\ejfi p cX ]XZlckX[ hl\ c\ ZfeZ\[\ gXiX hl\ jljZi`YX ZlXekf \jZi`kf j\X e\Z\jXi`f \e [\]\ejX [\ jlj `ek\i\j\j [\ekif [\ cX gi\j\ek\ ZXljX%$ :@K<J< P EFK@=@HL<J< ;I% IL9<E >@C<I :<;<zF AL<Q Cf hl\ c\ Zfdle`Zf X Ljk\[ p C< :@KF gi\m`e`„e[fc\ [\ cX fYc`^X$ Z`�e hl\ k`\e\ \c [\dXe[X[f [\ j\ŒXcXi ZXj`cc\if al[`Z`Xc# gXiX jlj gfjk\i`fi\j efk`]`ZXZ`fe\j% C@:% >L@;F <JG@EFQ8 <% J<:I<K8I@F ?Xp le j\ccf 8%:%&.00/+
Ĺ? Ĺ?
Ĺ?
Ĺ? Ĺ?
Ĺ?
ĉ
Ĺ? ćĹ? Ĺ? Ĺ? Ĺ?Ä‚Ä€Ä Ä
Ĺ? +. Ĺ? ÄŒĹ?
M8I@FJ I% [\c <% <OKI8:KF AL;@:@8C :@K8:< 8 CFJ ?<I<;<IFJ GI<JLEKFJ P ;<J:FEF:@;FJ ;<C J<zFI 8GFCF IF9@EJFE G<IL>8:?@ :<M8CCFJ :8LJ8 E%$ (+)$)'(( AL@:@F 8 G < IK L I8 ; < JL:<:@FE<J 8:KFI1 <;N@E 8 G F CF G<IL>8:?@ Fz8 ;<D8E;8;F1 IF9@EJFE 8GFCF G<IL>8:?@ <JKI<CC8# >CFI@8 <JK8IC<P P <ED8 A<8E<K? <JKI<CC8 J8C8>8;F 8JLEKF1 8g\ikliX [\ jlZ\Z`f$ e\j GIFM@;<E:@8 ALQ>8;F ;<:@DF :L8IKF ;< CF :@M@C ;< G@:?@E:?8%$ :XpXdY\# X ). [\ XYi`c [\c )'((2 cXj ('_*'%$ M@JKFJ%$ 8mfZf ZfefZ`d`\ekf [\ cX [\dXe[X hl\ Xek\Z\[\ \e m`i$ kl[ [\ cX 8ZZ`�e [\ G\ijfeXc Ef )'.*$;EG# [\c '( [\ [`Z`\dYi\ [\c )'('%$ <e cf gi`eZ`gXc# cX [\dXe[X hl\ Xek\Z\[\ \j ZcXiX p i\’e\ cfj i\hl`j`kfj c\^Xc\j%$ Gfi _XY\ij\ aljk`]`ZX[f \c ]Xcc\Z`d`\ekf [\c j\Œfi 8gfcf IfY`ejfe G\il^XZ_` :\mXccfj Zfe cX gXik`[X [\ [\]le$ Z`�e hl\ fYiX X ]aj% ,# j\ [`jgfe\ hl\ j\ gifZ\[X X cX ]fidXZ`�e [\c `em\ekXi`f p kXjXZ`�e [\ cfj Y`\e\j jlZ\jfi`fj [\aX[fj gfi \c ZXljXek\ Xek\j d\eZ`feX[f# gXiX cf ZlXc cXj gXik\j `ej`elXi}e jlj i\jg\Zk`mfj g\i`kfj \e \c k„id`ef [\ ki\j [ˆXj%$ <e Zfej\Zl\eZ`X# :@K<J< Zfe cX [\dXe[X p \c gi\$ j\ek\ Xlkf X cfj _\i\[\ifj Zfef$ Z`[fj IfY`ejfe 8gfcf p >cfi`kX JZXic\p G\il^XZ_` <jki\ccX# \e cX g\ijfeX [\ jl dX[i\ p i\gi\j\e$ kXek\ c\^Xc cX j\ŒfiX <edX AXe\k_ <jki\ccX JXc^X[f# \e iXq�e [\ cX d`efiˆX [\ \[X[ [\ [`Z_fj _\i\[\$ ifj# Xjˆ Zfdf kXdY`„e Zˆk\j\ X cX d\eZ`feX[X j\ŒfiX <edX AXe\k_ <jki\ccX JXc^X[f# \e jl Zfe[`Z`�e [\ Z�epl^\ jfYi\m`m`\ek\# \e \c [fd`Z`c`f hl\ j\ `e[`ZX \e cX [\dXe[X%$ 8k\ekf \c aliXd\ekf hl\ _X i\e[`[f \c XZkfi p [\ Zfe$ ]fid`[X[ Zfe cf hl\ [`jgfe\ \c Xik% /) [\c :�[`^f [\ GifZ\[`d`\ekf :`m`c# X cfj _\i\[\ifj gi\jlekfj p [\jZfefZ`[fj [\c [\ Zlplj 8gfcf IfY`ejfe G\il^XZ_` :\mXccfj# :@K<J< d\[`Xek\# ki\j glYc`ZX$ Z`fe\j \e le g\i`�[`Zf [\ dXpfi Z`iZlcXZ`�e X e`m\c eXZ`feXc# \e iXq�e [\ hl\ \e \jkX cfZXc`[X[ ef \o`jk\ e`e^lef%$ ;\ Zfe]fid`[X[ Zfe cf hl\ [`jgfe\ \c Xik% (''' [\c :�[`^f [\ GifZ\[`d`\ekf :`m`c# `ejZiˆYXj\ cX gi\j\ek\ [\dXe[X \e \c I\^`jkif [\ cX Gifg`\[X[ [\c ZXek�e :XpXdY\%$ 8^i„^l\j\ X cfj Xlkfj cfj [fZld\ekfj hl\ j\ X[alekXe X cX [\dXe[X%$ K„e^Xj\ \e Zl\ekX \c ZXj`cc\if al[`Z`Xc p cX Xlkfi`qXZ`�e hl\ Zfe]`\i\ cX XZkfiX X jl 8Yf^X[X [\]\ejfiX%$ :@K<J< P EFK@=@HL<J<%$ ;i% IlY„e GXqd`Œf ;\ CX Kfii\ AL<Q (+ ;< CF :@M@C ;< G@:?@E:?8 <o`jk\ ]`idX Cf hl\ gfe^f \e jl ZfefZ`d`\e$ kf gXiX cfj ]`e\j c\^Xc\j Zfej`$ ^l`\ek\j# gi\m`e`„e[fc\ [\ cX fYc`^XZ`�e hl\ k`\e\ [\ j\ŒXcXi ZXj`cc\if al[`Z`Xc [\ XZl\i[f X cX C\p gXiX gfjk\i`fi\j efk`]`ZXZ`f$ e\j# [\ekif [\c g\iˆd\kif c\^Xc [\c Alq^X[f ;„Z`df :lXikf [\ cf :`m`c [\ G`Z_`eZ_X \e :XpXdY\%$ :\ik`]`Zf% J\Zi\kXi`f% <o`jk\ ]`idX p j\ccf% 8%G%&+0*'+&b%d% I<GL9C@:8 ;<C <:L8;FI
ALQ>8;F J<>LE;F ;< CF :@M@C ;< JL:LD9@FJ JL:LD9@FJ Æ <:L8;FI Æ J?LJ?L=@E;@ <OKI8:KF AL;@:@8C :@K8:@FE AL;@:@8C 81 ?<I<;<IFJ ;<C :8LJ8EK< ?<IDFJ8 Q8D9I8EF 8C9<IKF ><ID8E 8::@FE8EK<J1 B<KKP P<EEP :<;<zF JFCFIQ8EF P =LCKFE <L:C@;<J :8II8EQ8 CFFI ;<D8E;8;FJ1 D 8 I @ 8 =<IE8E;8 ;< C8 GL<EK<# AFJ< D@>L<C ?<IDFJ8 ;< C8 GL<EK< P D8I@8# AFJ< D@>L<C P D8I@8 ?<IDFJ8 ;< C8 GL<EK<# 8E@98C 8CM8IQ P 8 CFJ ;<D8J ?<I<;<IFJ# GI<JLEKFJ F ;<J:FEF:@;FJ :8LJ81 8DG8IF GFJ<JFI@F KI8D@K<1 M<I98C JLD8I@F :L8EK@81 @E;<K<ID@E8;8 GIF:<JF Eif%$ (+-$)'(( AL<Q1 8Y% <ie\jkf J\iiXef 9fe`ccX% GIFM@;<E:@81 ALQ>8;F J<>LE;F ;< CF :@M@C ;< JL:LD9@FJ%$ J_lj_l]`e[`# X (* [\ DXpf [\c )'((%$ CXj ('?1+'%$ M@JKFJ1 CX [\dXe[X [\ 8DG8IF GFJ<JFI@F Eif% (+- [\c )'((# gi\j\ekX[X gfi B<KKP P<EEP JFCFIQ8EF# \e Zfe$ kiX [\ ?\i\[\ifj ;\c :XljXek\ ?<IDFJ8 Q8D9I8EF 8C9<IKF ><ID8E# j\ ZXc`]`ZX [\ ZcXiX p Zfdgc\kX# gfi cX hl\ j\ cX X[d`k\ X kiXd`k\ \e cX mˆX [\ al`Z`f M\iYXc JldXi`f% <e Zfej`[\iXZ`Â?e [\ hl\ cfj XZZ`feXek\j dXe`]`\jkXe YXaf aliXd\ekf [\jZfefZ\i \c [fd`Z`c`f _XY`klXc f i\j`[\eZ`X [\ cfj _\i\$ [\ifj D8I@8 =<IE8E;8 ;< C8 GL<EK<# AFJ< D@>L<C P D8I@8 ?<IDFJ8 ;< C8 GL<EK< P GI<JLEKFJ F ;<J:FEF:@;FJ ;< 8C9<IKF ><ID8E ?<IDFJ8 Q8D9I8EF# j\ [`jgfe\ Z`kXi gfi cX gi\ejX X cfj Z`kX[fj _\i\[\ifj p gi\jlekfj \e lef [\ cfj [`Xi`fj [\ dXpfi Z`iZlcXZ`Â?e eXZ`feXc# \e \c cl^Xi [\c ]Xcc\Z`d`\ekf [\c ZXl$ jXek\# p \e fkif [\ cX gifm`eZ`X [\ JlZldYˆfj% D\[`Xek\ g\k`Z`Â?e p gifm`[\eZ`X [`ZkX[X \c )' [\ DXpf [\c )'((# j\ XdgcˆX cX [\dXe[X# [`jgfe`\e[f \c j\ÂŒfi Al\q# Z`kXi Zfe Zfg`X [\ cX [\dXe[X# Xlkf [\ ZXc`]`ZXZ`Â?e p gifm`[\eZ`X [\ Xdgc`XZ`Â?e Xc j\ÂŒfi 8E@98C 8CM8I<Q \e \c cl^Xi j\ÂŒXcX[f \e cX [\dXe[X% @ejZiˆYXj\ cX [\dXe$ [X \e \c I\^`jkif [\ cX Gifg`\[X[ [\c :XekÂ?e% K„e^Xj\ \e Zl\ekX cX ZlXekˆX ]`aX[X# cX ZXj`ccX al[`Z`Xc j\ÂŒXcX[X# \c [fd`Z`c`f aliˆ[`Zf# cX Xlkfi`qXZ`Â?e Zfe]\i`[X X jl [\]\e$ jfi 8Y% <[^Xi IfYXpf% 8^i„^l\j\ X cfj 8lkfj cX [fZld\ekXZ`Â?e X[alekX% 8 cfj [\dXe[X[fj j\ c\j gi\m`\e\ [\ cX fYc`^XZ`Â?e [\ j\ÂŒXcXi ZXj`ccX al[`Z`Xc [\ekif [\ \jkX al[`ZXkliX gXiX hl\ i\Z`YXe jlj efk`]`ZXZ`fe\j [\ Zfe]fid`[X[ Zfe cX c\p% EFK@=@HL<J< P :@K<J<% ;i% Afi^\ >lqd}e M% J<:I<K8I@F <o`jk\ ]`idX p j\ccf% 8%G%&+0*)+&b%d%
<OKI8:KF AL;@:@8C 8Zkfi1 ;I% =I8E:@J:F M@M8E:F I@F=I@F 8GF;<I8;F ><E<I8C ;< C8 :FDG8zĂ 8É <;@KFI@8C >I8E K8LIF >I8EK8LÉ :@8% CK;8 ;\dXe[X[f1 AFI>< :?8E> P:8Q8 >\i\ek\ >\e\iXc [\ cX :fdgXŒˆX @edf[`eXd`bX J%8% =le[Xd\ekf C\^Xc1 8ik% )) C\p [\ @ehl`c`eXkf Al`Z`f M\iYXc JldXi`f Ef1 )'(($ ''0,$>%@% :lXekˆX1 -%.)'#'' ;FC8I<J ALQ>8;F J<>LE;F ;<
Ĺ?
@EHL@C@E8KF P I<C8:@FE<J M<:@E8C<J ;< G@:?@E:?8%$ Hl`kf# )' [\ dXpf [\c XŒf [fj d`c feZ\# X cXj feZ\ _fiXj Zfe Z`eZl\ekX d`elkfj# Xek\ \c [fZkfi Cl`j EXim}\q GXqfj# Al\q \eZXi$ ^X[f J\^le[f [\ @ehl`c`eXkf p I\cXZ`fe\j M\Z`eXc\j [\ G`Z_`eZ_X# \ `e]iXjZi`kf j\Zi\kXi`f ZfdgXi\Z\ \c j\Œfi1 =I8E:@J:F M@M8E:F I@F=I@F# gfikX[fi [\ cX :%:% ((''''//.$.# [\ \jkX[f Z`m`c ZXjX[f# [\ eXZ`feXc`[X[ \ZlXkfi`Xef# [\ gif]\j`�e XYf^X$ [f p i\j`[\ek\ \e \c ZXek�e Hl`kf# gifm`eZ`X [\ G`Z_`eZ_X# Zfe cX ]`eXc`[X[ [\ i\e[`i cX gi\j\ek\ [\ZcXiXZ`�e aliXd\ekX[X [\ Zfe$ ]fid`[X[ Zfe \c 8ik% /) [\c :�[`^f [\ GifZ\[`d`\ekf :`m`c%$ 8c \]\Zkf aliXd\ekX[f hl\ c\ ]l\i\ \e c\^Xc p [\Y`[X ]fidX# X[m\ik`[f [\ cX ^iXm\[X[ [\ aliXd\ekf# [\ cXj g\eXj [\c g\ial`Z`f p [\ cX fYc`^X$ Z`�e hl\ k`\e\ [\ [\Z`i cX m\i[X[# dXe`]`\jkX1 @edf[`eXd`bX J%8%# \j leX \dgi\jX `eZXlkX[X gfif G\[if ;\c^X[f p jl =`[\`Zfd`jf p gfi cf kXekf c\^Xcd\ek\ k`\e\ jl [fd`Z`c`f \e \c cl^Xi [fe[\ ]leZ`f$ eX \c =`[\`Zfd`jf 8>;$:=E$ EF D8J @DGLE@;8;# j`e \dYXi^f Zfe \c }e`df [\ \ekfig\Z\i X cX aljk`Z`X _Xe [\ZcXiX[f hl\ ef \j \j\ jl [fd`Z`c`f Zfe cf ZlXc YXaf aliXd\ekf [\ZcXif [\jZfefZ\i \c [fd`Z`c`f [\ cX ZfdgXŒˆX p [\ jl i\gi\j\ekXek\ c\^Xc \c j\Œfi Afi^\ :_Xe^ PZXqX# [\af ZfejkXeZ`X [\ cX \jki\Z_\q d\ekXc [\ X]`idXi hl\ ef ]leZ`feX X_ˆ cX ZfdgXŒˆX ZlXe$ [f \jkX `eZXlkX[X gfi \c gifg`f G\[if ;\c^X[f%$ :fe cf hl\ Zfe$ Zclp\ cX gi\j\ek\ [`c`^\eZ`X# gXiX ZfejkXeZ`X [\ cf XZklX[f ]`idXi \c ZfdgXi\Z`\ek\ \e le`[X[ [\ XZkf Zfe \c j\Œfi Al\q p j\Zi\kXi`f hl\ Z\ik`]`ZX%$ ] ;i% Cl`j EXim}\q GXqfj# Al\q \eZXi^X[f J\^le[f [\ @ehl`c`eXkf [\ G`Z_`eZ_X% ;I% 8C<O8E;<I M<E<>8J G% J<:I<K8I@F <o`jk\ ]`idX p j\ccf% 8%G%&+0*..&b%d%
<OKI8:KF GIF:<J8;F1 AFJ< CL@J >L<II<IF D8IK@E<Q F=<E;@;F1 < E I @ H L < 8IFJ<D<E8 IF9C<J <%G% IKM<:L8;FI ;<C@KF1 ;<JKIL::@äE ;< J<IM@:@FJ Gè9C@:FJ AL@:@F Ef% ('+.$)'('$;I% C:? A L Q>8 ; F H L @ E KF ; < >8I8EKĂ 8J G<E8C<J ;< G@:?@E:?8%$ Hl`kf# dXik\j *( [\ dXpf [\c )'((# cXj (,_',%$ Cfj \jZi`kfj hl\ gi\Z\[\e `eZfigÂ?i\j\ Xc gifZ\jf%$ LeX m\q hl\ \c XZljX$ [fi _X i\ZfefZ`[f jlj XZljXZ`f$ e\j gXik`ZlcXi\j p YXaf aliXd\ekf [\ZcXiX [\jZfefZ\i \c [fd`Z`c`f [\c gifZ\jX[f Afj„ Cl`j >l\ii\if# [`jgfe^f1 <c \jZi`kf [\ ]j% 0/*$ 0/- hl\ Zfek`\e\ cX XZljXZ`Â?e gXik`ZlcXi ]fidlcX[X gfi <EI@HL< AL8E 8IFJ<D<E8 IF9C<J# >\i\ek\ >\e\iXc p I\gi\j\ekXek\ C\^Xc [\ cX \dgi\jX gÂ’Yc`ZX K\c\m`j`Â?e p IX[`f [\ <ZlX[fi <%G% IKM<:L8;FI# \e ZfekiX [\ DXiˆX >iXZ`\cX :i\jgf GfeZ\# MˆZkfi ?l^f <iXqf If[iˆ^l\q# >Xcf <]i„e Dfek\m\i[\ :Xjkif p Afj„ Cl`j >l\ii\if DXikˆe\q# gfi i\le`i cfj i\hl`j`kfj [\k\id`eX$ [fj \e \c 8ik% ,, [\c :Â?[`^f [\ GifZ\[`d`\ekf G\eXc# j\ cX X[d`k\ X ki}d`k\ Zfe]fid\ Xc 8ik% ,- [\c Z`kX[f :Â?[`^f p [`jgfe^f j\ :@K< Zfe \jZi`kf [\ XZljXZ`Â?e gXik`$ ZlcXi# \jkX gifm`[\eZ`X p kf[f cf XZklX[f X cfj gifZ\jX[fj D8IĂ 8 >I8:@<C8 :I<JGF GFE:<# \e \c ZXj`cc\if al[`Z`Xc Ef% (..+ [\c ;i% >XYi`\c GfeZ\ ?\ie}e[\q2 MĂ :KFI ?L>F <I8QF IF;IĂ >L<Q# \e \c ZXj`cc\if al[`Z`Xc Ef% 0'( [\c ;i% 8c]i\[f :Xc[\iÂ?e :XYi\iX2 p# >8CF <=IyE DFEK<M<I;< :8JKIF# \e \c ZXj`cc\if al[`Z`Xc Ef% (-0( [\c ;i% IXd`if Dfi\ef2 Xc gif$ Z\jX[f AFJy CL@J >L<II<IF D8IKĂ E<Q [`jgfe^f :@K8I gfi cX gi\ejX# gfi ki\j glYc`ZXZ`fe\j \e le g\i`Â?[`Zf [\ Xdgc`X Z`iZl$ cXZ`Â?e [\c cl^Xi# Zfe]fid\ \c 8ik% /) [\c :Â?[`^f [\ GifZ\[`d`\ekf :`m`c EfidX Jlgc\kfi`X Xgc`ZXYc\ Xc ZXjf2 gXiX hl\ Zfek\jk\e X cX
I_ c[ ^kX_[hWd ^[Y^e eX`[je i[h‡W eX`[j_le" f[he c[ ^_Y_[hed ik`[je$ @EIx 8;H=7CÞD
XZljXZ`�e gXik`ZlcXi \e \c gcXqf \jkXYc\Z`[f \e cX C\p% :fe]`„iXj\ \c \okiXZkf i\jg\Zk`mf gXiX jl glYc`ZXZ`�e¿%%EFK@=à HL<J<% ] %$ ;I% I8LC G% D8IK@E<Q DLzFQ% AL<Q% ;I8% E8I:@J8 G8:?<:F :% J<:I<K8I@8 ;<C ALQ>8;F HL@EKF ;< >8I8EKà 8J G<E8C<J ;< G@:?@E:?8 ?Xp le j\ccf 8I&/*(+-&ZZ
ALQ>8;F M@>yJ@DF K<I:<IF ;< CF :@M@C ;< G@:?@E:?8 :@K8:@äE AL;@:@8C 81 AFC<EE< ;@8EE< >FEQ8C<Q P ?<I<;<IFJ ;<C ;I% 8E><CF >FEQ8C<Q IF;I@>L<Q# JIJ% >I<>FI@ >C<D# C@> P C@Q8 >FEQ8C<Q 8:KFI81 D8Ià 8 FK@C@8 >FEQ8C<Q IF;Ià >L<Q ;<D8E;8;F1 AFC<EE< ;@8EE< >FEQ8C<Q P ?<I<;<IFJ ;<C ;I% 8E><CF >FEQ8C<Q IF;I@>L<Q# JIJ% >I<>FI@ >C<D# C@> P C@Q8 >FEQ8C<Q AL@:@F1 FI;@E8I@F ELC@;8; ;< <J:I@KLI8 Ef% (.).$)'(' 8Y^% I% 9iXmf% :8J@CC<IF AL;@:@8C Ef% ((' =LE;8D<EKF C<>8C1 8IKJ% (+-(# (+-.# (+.+# (+.,# (+./# (-0.# (-0/# (-00 P (.'+ ;<C :ä;@>F :@M@C P *0, P J@>L@<EK<J ;<C :ä;@>F ;< GIF:<;@D@<EKF :@M@C% 89F>8;F1 ;I% D<;8I;F FC<8J :L8EKà 81 @E;<K<ID@E8;8 GIFM@;<E:@81 8LKF ;< :8C@=@:8:@äE ALQ>8;F M@>yJ@DF K<I:<IF ;< CF :@M@C ;< G@:?@E:?8% Hl`kf# j}YX[f (0 [\ dXiqf [\c )'((# cXj ((_*-%$ M@JKFJ%$ 8mfZf ZfefZ`d`\ekf [\ cX gi\j\ek\ ZXljX \e m`ikl[ [\c jfik\f i\Xc`qX[f %$ Gfi ZlXekf cX XZkfiX _X [X[f Zldgc`$ d`\ekf X cf fi[\eX[f \e gifm`$ [\eZ`X Xek\i`fi%$ CX [\dXe[X hl\ Xek\Z\[\ \j ZcXiX# gi\Z`jX p i\’e\ cfj [\d}j i\hl`j`kfj [\ C\p# \e Zfej\Zl\eZ`X [„j\ X cX d`jdX \c ki}d`k\ Fi[`eXi`f%$ [\ Zfe]fid`[X[ Zfe \c Zfek\e`[f [\ cfj 8ikj% *0- p *0. [\c :�[`^f [\ GifZ\[`d`\ekf :`m`c# Z�iiXj\ kiXjcX[f X cfj [\dXe[X[fj1 AFC<EE< ;@8EE< >FEQ8C<Q P ?<I<;<IFJ ;<C ;I% 8E><CF >FEQ8C<Q IF;I@>L<Q# JIJ % >I<>FI@ >C<D# C@> P C@Q8 >FEQ8C<Q Zfe cX [\dXe[X p \jkX gifm`[\e$
Z`X# gfi \c k„id`ef [\ hl`eZ\ [ˆXj# X ]`e [\ hl\ Zfek\jk\e f gifgfe^Xe \oZ\gZ`fe\j Zfii\jgfe[`\ek\j% <e d„i`kf Xc aliXd\ekf i\e[`[f gfi cX XZZ`feXek\%$ :@K<J<# X cfj [\dXe[X[fj1 AFC<EE< ;@8EE< >FEQ8C<Q P ?<I<;<IFJ ;<C ;I% 8E><CF >FEQ8C<Q IF;I@>L<Q# JIJ% >I<>FI@ >C<D# C@> P C@Q8 >FEQ8C<Q# d\[`Xek\ ki\j glYc`ZXZ`fe\j gfi cX gi\ejX \e lef [\ cfj g\i`�[`$ Zfj [\ Xdgc`X Z`iZlcXZ`�e X e`m\c eXZ`feXc [\ cfj hl\ j\ \[`kXe \e „jkX Z`l[X[ [\ Hl`kf Zfe]fid\ cf [`jgfe\ \c 8ik% /) [\c :�[`^f [\ GifZ\[`d`\ekf :`m`c%$ 8^i„^l\j\ Xc gifZ\jf cX [fZld\ekXZ`�e hl\ j\ X[alekX% K„e^Xj\ \e Zl\ekX \c ZXj`cc\if al[`Z`Xc j\ŒXcX[f gfi cX XZkfiX Xjˆ Zfdf cX Xlkfi`qXZ`�e Zfe]\i`[X X jl 8Yf^X[f ;\]\ejfi%$ Efk`]ˆhl\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`�e hl\ k`\e\ [\ j\ŒXcXi ZXj`cc\if al[`Z`Xc gXiX i\Z`Y`i gfjk\i`fi\j efk`]`ZXZ`fe\j%$ :\ik`]`Zf% 89% AFI>< D@<I 9LI98EF J<:I<K8I@F ?Xp le j\ccf 8I&/*(,.&ZZ
< O K I 8 : K F AL@:@F G<E8C ;< 8:@FE GI@M8;8% ;<JKIL::@äE ;< :FEJKIL::@äE% Ef% AL@:@F%$ ()') $ )'('% I\jgfejXYc\1 ;i% <[n`e A`d„e\q M% HL<I<CC8;F1 <;@JJFE :?8M<Q 8CM8I8;F% HL<I<CC8EK<% A?FE IF9<IKF M@CC8:Ă J M@E:<J% GIFM@;<E:@8% ALQ>8;F ;<:@DF :L8IKF ;< >8I8EK@8J G<E8C<J ;< G@:?@E:?8%$ Hl`kf# (0 [\ dXpf [\c )'((%$ CXj ('?(,%$M@JKFJ1 8^i„^l\j\ Xc gifZ\jf \c \jZi`kf gi\j\ekX[f gfi A_fe M`ccXZˆj%$ Gfi ZlXekf \c XZljX[fi gXik`ZlcXi j\ÂŒfi Af_e M`ccXZˆj M`eZ\j# _X Zldgc`[f Zfe cf [`jgl\jkf \e gif$ m`[\eZ`X Xek\i`fi# \jkf \j Zfe]fid\ cf [\k\id`eX \c 8ik% /) [\c :Â?[`^f [\ GifZ\[`d`\ekf :`m`c# Zˆk\j\ Zfe cX XZljXZ`Â?e gXik`ZlcXi# d\[`Xek\ ki\j glYc`ZXZ`fe\j \e lef [\ cfj g\i`Â?[`Zfj [\ dXpfi Z`iZlcXZ`Â?e [\ \jkX Z`l[X[ [\ Hl`kf# Xc hl\i\ccX$ [f <;@JFE :?Ă?M<Q 8CM8I8;F# gXiX \c \]\Zkf i\dˆkXj\ \c \okiXZkf
REPUBLICA DEL ECUADOR SUPERINTENDENCIA DE COMPAÑIAS
EXTRACTO CONSTITUCIĂ“N DE LA COMPAĂ‘Ă?A PEPCONYSERVIC S.A. La compaĂąĂa PEPCONYSERVIC S.A. se constituyĂł por escritura pĂşblica otorgada ante el Notario Octavo del Distrito Metropolitano de Quito, el 03 de Mayo de 2011, fue aprobada por la Superintendencia de CompaĂąĂas, mediante ResoluciĂłn SC.IJ.DJC.Q.11.002334 de 31 de Mayo de 2011. 1.- DOMICILIO: Distrito Metropolitano de Quito, provincia de Pichincha. 2.- CAPITAL: Suscrito US$ 2.000,00 NĂşmero de Acciones 2.000 Valor US$ 1,00
FONDO CESANTĂ?A PRIVADO PROFESORES UNIVERSIDAD CENTRAL Se procederĂĄ al pago de cesantĂa de CABRERA ORTEGA MĂ XIMO HERNĂ N, fallecido en Quito el 10 de abril del 2011. Quienes crean tener derechos presentar documentos pertinentes en las oficinas del Fondo, Ciudadela Universitaria, edificio Servicios Generales, 3er piso, durante los veinte dĂas siguientes a esta fecha. Quito, 2 de junio del 2011
3.- OBJETO: El objeto de la compaĂąĂa es: UNO) CONSTRUCCIĂ“N A) IMPORTACIĂ“N, EXPORTACIĂ“N, COMPRA, VENTA, DISTRIBUCIĂ“N, COMERCIALIZACIĂ“N Y ELABORACIĂ“N DE TODO TIPO DE MATERIALES DE CONSTRUCCIĂ“N...
AR/83162/cc
I<GL9C@:8 ;<C <:L8;FI <OKI8KF M@JKF 9L<EF Ef% ''+,$ )'(($8%8% 8:KFI1 CL@J =<IE8E;F G@:LCCF 8::@FE8;F1 AFI>< I8D@IF 8IG@ CCLM@G8D8 :8LJ8C1 ( P ) ;<C 8IK% (.) :F;@>F ;<C KI898AF <e \c ki}d`k\ [\ M@JKF 9L<EF Ef% ''+,$)'(( 8%8% # gif$ gl\jkX gfi \c j\ÂŒfi X CL@J =<IE8E;F G@:LCCF# >\i\ek\ >\e\iXc p I\gi\j\ekXek\ C\^Xc [\ cX :fdgXŒˆX Ăˆ9<K<:>8D<J ;<C <:L8;FI J%8%É# \e jl ZXc`$ [X[ [\ <dgc\X[fi X # \e ZfekiX [\c j\ÂŒfi AFI>< I8D@IF 8IG@ CCLM@G8D8# \e jl ZXc`[X[ [\ KiXYXaX[fi X # j\ _X [`ZkX[f cX j`^l`\ek\ gifm`[\eZ`X1 @EJG<::@FE ;<C KI898AF ;< G@:?@E:?8%$ Hl`kf# )- [\ DXpf [\c )'((%$ CXj '/_''%$ <e cX jfc`Z`kl[ [\ M@JKF 9L<EF Ef% ''+,$)'(( 8%8% # gifgl\jkX gfi \c j\ÂŒfi X CL@J =<IE8E;F G@:LCCF# >\i\ek\ >\e\iXc p I\gi\j\ekXek\ C\^Xc [\ cX :fdgXŒˆX Ăˆ9<K<:>8D<J ;<C <:L8;FI J%8%É# \e jl ZXc`[X[ [\ <dgc\X[fi X # \e ZfekiX [\ [\c j\ÂŒfi AFI>< I8D@IF 8IG@ CCLM@G8D8 \e jl ZXc`[X[ [\ KiXYXaX[fi X % <e cf gi`eZ`gXc j\ [`jgfe\1 ( 8^i„^l\j\ Xc \og\$ [`\ek\# \c \jZi`kf p ;\ZcXiXZ`Â?e AliXd\ekX[X gi\j\ekX[X gfi \c XZZ`feXek\% ) <e Xgc`ZXZ`Â?e Xc 8ik% (/*# ,+, Xki`YlZ`Â?e ,kX% P -)( [\c :Â?[`^f [\c KiXYXaf# Zfe cX Zfg`X [\ cX jfc`Z`kl[ [\ M`jkf 9l\ef hl\ Xek\Z\[\ p \jkX gifm`[\eZ`X efk`$ ]ˆhl\j\ Xc KiXYXaX[fi X AFI>< I8D@IF 8IG@ CCLM@G8D8# d\[`Xek\ ki\j glYc`ZXZ`fe\j \e lef [\ cfj g\i`Â?[`Zfj [\ Xdgc`X
Z`iZlcXZ`�e# [\ Zfe]fid`[X[ X cf [`jgl\jkf \e \c 8ik% /) [\c :�[`^f [\ GifZ\[`d`\ekf :`m`c# gfi ZlXekf \c cX <dgc\X[fi X # YXaf aliXd\ekf [\ZcXiX [\jZfef$ Z\i \c [fd`Z`c`f [\c XZZ`feX[f# hl`\e j\ c\ ZfeZ\[\ \c k„id`ef [\ m\`ek\ [ˆXj# [\j[\ cX ’ck`dX glYc`ZXZ`�e# gXiX hl\ Zfek\jk\ p j\ŒXc\ :Xj`cc\if Al[`Z`Xc gXiX ]lkl$ iXj efk`]`ZXZ`fe\j% GXiX kXc \]\Zkf j\ X[alekX \c Zfii\jgfe[`\ek\ \okiXZkf% * K�d\j\ \e Zl\ekX \c :Xj`cc\if Al[`Z`Xc Ef% )-))# g\ik\$ e\Z`\ek\ X cX ;i% >feqXcf 9fiaX p cX Xlkfi`qXZ`�e fkfi^X[X X cX gif]\$ j`feXc hl\ jljZi`Y\ \e cX gi\j\ek\ ZXljX%$ EFK@=@HL<J<%$ ] ;iX% C% 8e[i\X 8iYfc\[X D% Cf hl\ Zfdle`Zf gXiX cfj ]`e\j [\ C\p% ;iX% C 8e[i\X 8iYfc\[X @EJG<:KFI8 ;<C KI898AF ;< G@:?@E:?8 8%:%&(('./
ALQ>8;F M@>yJ@DF K<I:<IF ;< CF :@M@C ;< G@:?@E:?8 :@K8:@FE AL;@:@8C 8% AL8E AFJ< :?@CC8>8E8 :?@CC8>8E8 8:KFI8 1 D8I@8 <K<CM@E8 >L8C8 :?@CC8>8E8 ;<D8E;8;F1 AL8E AFJ< :?@CC8>8E8 :?@CC8>8E8 AL@:@F1 M<I98C JLD8I@F E—+(($ )%'(' ;I% C% :LI@CCF :8J@CC<IF AL;@:@8C E—*0)) =LE;8D<EKF C<>8C1 8IK% ((' :8LJ8C (( ;<C :F;@>F ;< :@M@C 89F>8;F1 ;I% 8ID8E;F IFJ<IF :L8EK@81 @E;<K<ID@E8;8 GIFM@;<E:@81 8LKF ;< :8C@=@:8:@äE% ALQ>8;F M@><J@DF K<I:<IF ;< CF :@M@C ;< G@:?@E:?8% Hl`kf# d`„iZfc\j )* [\ ale`f [\c )'('# cXj (,_(,%$ M@JKFJ%$ 8mfZf ZfefZ`d`\ekf [\ cX gi\j\ek\ ZXljX \e m`ikl[ [\c jfik\f i\Xc`qX$ [f%$ Gfi ZlXekf cX XZkfiX _X [X[f Zldgc`d`\ekf X cf fi[\eX[f \e gifm`[\eZ`X Xek\i`fi% CX [\dXe[X gi\j\ekX[X gfi cX j\ÂŒfiX D8IĂ 8 <K<CM@E8 >L8C8 :?@CC8>8E8# \j ZcXiX# i\Â’e\ cfj [\d}j i\hl`$ j`kfj [\ C\p j\ cX X[d`k\ X ki}$ d`k\ m\iYXc jldXi`f# gfi kXekf \e d„i`kf Xc aliXd\ekf i\e[`[f gfi cX XZZ`feXek\ p [\ Zfe]fid`$ [X[ Zfe cf [`jgl\jkf gfi \c 8ik% /) [\c :Â?[`^f [\ GifZ\[`d`\ekf :`m`c%$ :@K<J<# Xc [\dXe[X[f j\ÂŒfi1 AL8E AFJy :?@CC8>8E8
:?@CC8>8E8 d\[`Xek\ ki\j glYc`ZXZ`fe\j gfi cX gi\ejX \e lef [\ cfj g\i`�[`Zfj [\ Xdgc`X Z`iZlcXZ`�e X e`m\c eXZ`feXc hl\ j\ \[`kXe \e \jkX Z`l[X[ [\ Hl`kf p \e :ljlYXdYX# Gifm`eZ`X [\ :fkfgXo` cl^Xi [fe[\ j\ Z\c\Yi� \c dXki`dfe`f%$ :l„ek\j\ Zfe cX `ej`$ elXZ`�e [\ cX j\ŒfiX1 D8I@JFC IFD<IF Zfdf :liX[fiX 8[$c`k\d [\c d\efi1 <;>8I >@FM8EEP :?@CC8>8E8 >L8C8# Zfe [`Z_X `ej`elXZ`�e �`^Xj\ X lef [\ cfj j\Œfi\j 8^\ek\ [\ cf =`jZXc [\ cf G\eXc [\ G`Z_`eZ_X%$ 8^i„^l\j\ Xc gifZ\jf cX [fZld\ekXZ`�e hl\ j\ X[alekX%$ K„e^Xj\ \e Zl\ekX \c ZXj`cc\if al[`Z`Xc j\ŒXcX[f gfi cX XZkfi Xjˆ Zfdf cX Xlkfi`qXZ`�e [X[X X jl 8Yf^X[f [\]\ejfi%$ Efk`]ˆhl\j\%$ ;I8% D8I@8 <C<E8 :?8M<Q AL<Q8 = % ;iX% DXiˆX <c\eX :_}m\q% Al\qX% Cf hl\ Zfdle`Zf X ljk\[ gXiX cfj ]`e\j [\ C\p% C\ gi\m\e^f [\ cX fYc`^XZ`�e hl\ k`\e\ [\ j\ŒXcXi ZXj`cc\if al[`Z`Xc gXiX gfjk\i`fi\j efk`]`ZXZ`fe\j%$ :\ik`]`Zf% C:;F AFI>< D@<I 9LI98EF J<:I<K8I@F ?Xp le j\ccf 8%:%&(('.+
<OKI8:KF ALQ>8;F HL@EKF ;< CF :@M@C ;< G@:?@E:?8 :@K8:@FE AL;@:@8C1 8 CFJ ?<I<;<IFJ GI<JLEKFJ P ;<J:FEF:@;FJ ;< C8 J<zFI8 >CFI@8 8E;@E8 K8D8PF :<M8CCFJ# 8JĂ :FDF CFJ ?<I<;<IFJ GI<JLEKFJ P ;<J:FEF:@;FJ ;< C8 J<zFI8 ;FI8 D8K@C;< K8D8PF :<M8CCFJ P 8 C8 J<zFI@K8 J@CM8E8 A8E<K? =CFI<J% 8:KFI1 J<zFI 89<C :<M8CCFJ ;<D8E;8;F1 8E><C >@FM8EE@ =CFI<J K8D8PF# D8I@8 CFI<E8 =CFI<J K8D8PF# J8E;I8 <C@Q89<K? =CFI<J K8D8PF# C<FE8I;F G8KI@:@F =CFI<J K8D8PF# 8I@<C >FEQ8CF =CFI<J K8D8PF# <JD<I8C;8 C<FEFI =CFI<J K8D8PF# IF;I@>F 8CFEQF =CFI<J K8D8PF# J@CM8E8 A8E<K? =CFI<J K8D8PF# =<IE8E;F ?FD<IF =CFI<J K8D8PF# ;@8E8 J8CFDy =CFI<J K8D8PF# ?<I<;<IFJ GI<JLEKFJ P ;<J:FEF:@;FJ ;< C8 J<zFI8 >CFI@8 8E;@E8 K8D8PF :<M8CCFJ# 8 JĂ :FDF CFJ ?<I<;<IFJ GI<JLEKFJ P ;<J:FEF:@;FJ ;< C8 J<zFI8
REPUBLICA DEL ECUADOR SUPERINTENDENCIA DE COMPAÑIAS
EXTRACTO CONSTITUCIĂ“N DE LA COMPAĂ‘Ă?A NCR SOLUCIONES REALES CIA. LTDA. La compaĂąĂa NCR SOLUCIONES REALES CIA. LTDA. se constituyĂł por escritura pĂşblica otorgada ante el Notario DĂŠcimo Cuarto del Distrito Metropolitano de Quito, el 29 de Abril de 2011, fue aprobada por la Superintendencia de CompaĂąĂas, mediante ResoluciĂłn SC.IJ.DJC.Q.11.002215 de 20 de Mayo de 2011. 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 compaĂąĂa es: DESARROLLO, COMERCIALIZACIĂ“N, VENTA, POSTVENTA, IMPORTACIĂ“N Y EXPORTACIĂ“N DE SOFTWARE; ASESORĂ?A, VENTA, IMPORTACIĂ“N Y EXPORTACIĂ“N DE HARDWARE Y ACCESORIOS.... Quito, 20 de Mayo de 2011.
Quito, 31 de Mayo de 2011. Dr. Oswaldo Noboa León DIRECTOR JUR�DICO DE COMPAÑ�AS
Dr. Wellington RĂos V. PRESIDENTE
Zfii\jgfe[`\ek\% K�d\j\ \e Zl\e$ kX cX ZlXekˆX j\ŒXcX[X \e cX gi\$ j\ek\ ZXljX%$ 8Zk’\ \c ;i% >ljkXmf JXid`\ekf Zfdf J\Zi\kXi`f [\ \jkX Al[`ZXkliX%$ Efk`]ˆhl\j\ p :ˆk\j\% Cf hl\ Zfdle`Zf X L[%# gXiX cfj ]`e\j [\ C\p# gi\m`e`„e[fc\ [\ cX fYc`^XZ`�e hl\ k`\e\ [\ j\ŒXcXi ZXj`cc\if al[`Z`Xc# gXiX jlj gfjk\$ i`fi\j efk`]`ZXZ`fe\j% ;i% >ljkXmf JXid`\ekf J<:I<K8I@F ;<C ALQ>8;F ;<:@DF :L8IKF ;< >8I8EK@8J G<E8C<J ;< G@:?@E:?8% ?Xp le j\ccf 8%:%&.0.,(
AR/83164/cc
Dr. Oswaldo Noboa León DIRECTOR JUR�DICO DE COMPAÑ�AS AP/49390/cc
;FI8 D8K@C;< K8D8PF :<M8CCFJ AL@:@F1 )'('$'0/,$:J KI8D@K<1 <JG<:@8C :L8EK@81 @E;<K<ID@E;8 =LE;8D<EKFJ ;< ;<I<:?F 1 <E CF ;@JGL<JKF <E <C 8IK@:LCF -)0 P JL9J@>L@<EK<J ;<C :F;@>F ;< GIF:<;@D@<EKF :@M@C P +'- P +'. ;<C :F;@>F :@M@C% ;<=<EJFI ;<C 8:KFI1 ;I% CL@J ;8E@CF :?Ă?M<Q @E@:@8;F1 )( ;< ALC@F ;<C )'(' ALQ>8;F HL@EKF ;< CF :@M@C ;< G@:?@E:?8%$ Hl`kf# DXik\j (+ [\ J\gk`\dYi\ [\c )'('2 cXj (+_,.%$ M@JKFJ% Gfi Zldgc`[f cf [`jgl\jkf \e gifm`[\eZ`X `e`Z`Xc p \e cf gi`eZ`gXc# cX [\dXe[X hl\ Xek\Z\[\# \j ZcXiX p i\Â’e\ cfj
i\hl`j`kfj [\ C\p% Aljk`]`ZX[f \c ]Xcc\Z`d`\ekf [\ cX j\ŒfiX >CFI@8 8E;@E8 K8D8PF :<M8CCFJ# Zfe cX gXik`[X [\ [\]leZ`�e X[alekX# j\ [\ZcXiX XY`\ikX cX jlZ\j`�e p j\ [`jgfe\ j\ gifZ\[X X cX ]XZZ`�e [\ cfj `em\ekXi`fj [\ cfj Y`\e\j [\aX[fj# [\Y`\e[f ZfekXij\ Zfe \c j\Œfi GifZliX[fi [\ JlZ\j`fe\j p ;`i\Zkfi >\e\iXc [\c J\im`Z`f [\ I\ekXj @ek\ieXj% :ˆk\j\ X cfj j\Œf$ i\j1 8E><C >@FM8EE@ =CFI<J K8D8PF# D8I@8 CFI<E8 =CFI<J K8D8PF# J8E;I8 <C@Q89<K? =CFI<J K8D8PF# C<FE8I;F G8KI@:@F =CFI<J K8D8PF# 8I@<C >FEQ8CF =CFI<J K8D8PF# <JD<I8C;8 C<FEFI =CFI<J K8D8PF# IF;I@>F 8CFEQF =CFI<J K8D8PF# J@CM8E8 A8E<K? =CFI<J K8D8PF# =<IE8E;F ?FD<IF
=CFI<J K8D8PF# ;@8E8 J8CFDy =CFI<J K8D8PF \e cfj cl^Xi\j `e[`ZX[fj gXiX \c \]\Zkf% 8 cfj _\i\[\ifj gi\jlekfj p [\jZfefZ`$ [fj [\ cX j\ŒfiX >CFI@8 8E;@E8 K8D8PF :<M8CCFJ# Xjˆ Zfdf cfj _\i\[\ifj gi\jlekfj p [\jZfefZ`$ [fj [\ cX j\ŒfiX ;FI8 D8K@C;< K8D8PF :<M8CCFJ# Zˆk\j\ gfi cX gi\ejX \e lef [\ cfj g\i`�[`$ Zfj [\ Xdgc`X Z`iZlcXZ`�e hl\ j\ \[`kX \e \jkX Z`l[X[ [\ Hl`kf \e Xk\eZ`�e Xc aliXd\ekf i\e[`[f p [\ Zfe]fid`[X[ Zfe \c 8ik% /) [\c :�[`^f [\ GifZ\[`d`\ekf :`m`c% CXj gXik\j `ej`e’\e le jfcf g\i`kf# [\ ef _XZ\icf \c Alq^X[f gifZ\[\i} Zfe]fid\ \c 8ik% ),) [\c :�[`^f [\ GifZ\[`d`\ekf :`m`c% K„e^Xj\ \e Zl\ekX \c :Xj`cc\if Al[`Z`Xc j\ŒXcX[f p X^i„^l\j\ Xc gifZ\jf cfj [fZld\ekfj XZfdgXŒX[fj%
REPUBLICA DEL ECUADOR SUPERINTENDENCIA DE COMPAÑIAS
EXTRACTO DE LA ESCRITURA PUBLICA DE PRĂ“RROGA DE PLAZO DE DURACIĂ“N, CAMBIO DE DOMICILIO DEL DISTRITO METROPOLITANO DE QUITO AL CANTĂ“N SANTO DOMINGO Y REFORMA DE ESTATUTOS DE RADIOFLAMA S.A... 1. ANTECEDENTES.- RADIOFLAMA S.A., se constituyĂł mediante escritura pĂşblica otorgada el 19/12/2006 ante el Notario 3 del Distrito Metropolitano de Quito, aprobada mediante ResoluciĂłn No. 06.Q.IJ.005101 de 27/12/2006, e inscrita en el Registro Mercantil del Distrito Metropolitano de Quito el 29/12/2006. 2. CELEBRACIĂ“N Y APROBACIĂ“N.- La escritura pĂşblica de prĂłrroga de plazo de duraciĂłn, cambio de domicilio del Distrito Metropolitano de Quito al cantĂłn Santo Domingo; y, reforma de estatutos de RADIOFLAMA S.A. otorgada el 22 de Marzo de 2011 ante el Notario Primero Interino del cantĂłn Santo Domingo, actos societarios aprobados por la Superintendencia de CompaĂąias, mediante ResoluciĂłn No. SC.IJ.DJC.Q.11.001462 de 31 de Marzo del 2011. 3. OTORGANTE.- Comparece al otorgamiento de la escritura pĂşblica antes mencionada, el seĂąor NUĂ‘EZ CARRASCO LUIS ANTONIO en su calidad de GERENTE GENERAL Y Representante Legal de RADIOFLAMA S. A. EI compareciente es ecuatoriano, mayor de edad, domiciliado en Santo Domingo 4. PRĂ“RROGA DE PLAZO DE DURACIĂ“N, CAMBIO DE DOMICILIO, REFORMA DE ESTATUTOS Y PUBLICACIĂ“N.- La Superintendencia de CompaĂąias mediante ResoluciĂłn No. SC.IJ.DJC.Q.11.001462 de 31 de marzo de 2011 aprobĂł la prĂłrroga de plazo de duraciĂłn, el cambio de domicilio del Distrito Metropolitano de Quito al cantĂłn Santo Domingo, la reforma de estatutos de RADIOFLAMA S.A. y ordenĂł la publicaciĂłn del extracto de la referida escritura pĂşblica, por tres dias consecutivos, para efectos de oposiciĂłn de terceros respecto a la prĂłrroga de plazo y 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“N.- Se pone en conocimiento del pĂşblico el cambio de domicilio del Distrito Metropolitano de Quito al cantĂłn Santo Domingo de RADIOFLAMA 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 dias contados desde la fecha de la Ăşltima publicaciĂłn de este extracto y ademĂĄs, pongan el particular en conocimiento de la Superintendencia de CompaĂąias. EI 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 compaĂąĂa y al cumplimiento de los demĂĄs requisitos legales. En virtud de la referida escritura se reforma el artĂculo primero del estatuto social, de la manera siguiente: ARTĂ?CULO PRIMERO.- DE LA DENOMINACIĂ“N, DURACIĂ“N, NACIONALIDAD, DOMICILIO: LA COMPAĂ‘Ă?A ( ... ) TENDRĂ UNA DURACIĂ“N DE CINCUENTA AĂ‘OS, CONTADOS A PARTIR DE LA INSCRIPCIĂ“N DE LA PRESENTE ESCRITURA DE REFORMA DE ESTATUTOS EN EL REGISTRO MERCANTIL, ( ... ). EL DOMICILIO PRINCIPAL DE LA COMPAĂ‘IA, ( ... ) ES EL CANTĂ“N SANTO DOMINGO, PROVINCIA DE SANTO DOMINGO DE LOS TSĂ CHILAS .... â€? Quito, 31 de marzo de 2011. Dr. Oswaldo Noboa LeĂłn DIRECTOR JURĂ?DICO DE COMPAĂ‘IAS
FSD/. EXP. 157022 Tr. 01.1.11.000024
I_ bei feXh[i [cf_[pWd W hWpedWh jeZe [ij| f[hZ_Ze$ LEBJ7?H;
;\aXe[f ]fkfZfg`X Xlkfi`qX[X p i\Z`Yf \e Xlkfj# [\j^c�j\j\ p \eki„^l\j\ cfj [fZld\ekfj jfc`$ Z`kX[fj% ALQ>8;F HL@EKF ;< CF :@M@C ;< G@:?@E:?8% HL@KF# *( [\ DXiqf [\c )'((# cXj (,_+/%$ <e Xk\eZ`�e [\c aliXd\ekf i\e[`[f gfi cX gXik\ XZkfiX p [\ Zfe]fid`$ [X[ Zfe \c XikˆZlcf /) [\c :�[`^f [\ GifZ\[`d`\ekf :`m`c# Zˆk\j\ X cX j\Œfi`kX J@CM8E8 A8E<K? =CFI<J2 gfi cX gi\ejX \e lef [\ cfj g\i`�[`Zfj [\ Xdgc`X Z`iZlcX$ Z`�e hl\ j\ \[`kX \e \jkX Zl`[X[ [\ Hl`kf% Efk`]ˆhl\j\%$% = ;iX% DXiˆX D\iZ\[\j Gfik`ccX al\q% Cf hl\ c\ Zfdle`Zf gXiX cfj ]`e\j [\ C\p# gi\m`e`„e[fc\ [\ cX fYc`^X$ Z`�e [\ j\ŒXcXi :Xj`cc\if Al[`Z`Xc \e \jkX Z`l[X[ [\ Hl`kf X ]`e [\ i\Z`Y`i gfjk\i`fi\j efk`]`ZXZ`fe\j \e cX gi\j\ek\ ZXljX% ;i% Cl`j Ife M`ccXm`Z\eZ`f J\Zi\kXi`f < 8%:%(('/+&
I ;<C < <OKI8:KF AL;@:@8C ALQ>8;F M@><J@DF ;< CF :@M@C ;< G@:?@E:?8 :@K8:@FE AL;@:@8C X cfj _\i\$ [\ifj gi\jlekfj p [\jZfefZ`[fj [\ hl`\e \e m`[X ]l\ \c j\ÂŒfi ALI><E 9LI:?8I; =I@<;<C ?<L<I ?8DG< AL@:@F Ef% ()+($)'('$C 8 @EM<EK8I@FJ KI8D@K< <JG<:@8C 8:KFI JPCM@8 B8IFC@E8 8>L8J 8E;I@LFC@# <e ZXc`[X[ [\ GifZliX[fiX Al[`Z`Xc [\ cXj j\ÂŒf$ iXj J@>I@; <CJ9<K? ?<C<E< ?<L<I N8CC<I2 >@J<C8 ?<C>8 I<E8K< ?<L<I N8CC<I# P2 B@IJK<E LK8 ?<L<I N8CC<I% ;<D8E;8;F%$ :<:@C@8 ;< CFLI;<J LHL@CC8J ?<II<I8 :L8EK@8 @E;<K<ID@E8;8 :8J@CC<IF Ef% */), ;iX% JPCM@8 B8IFC@E8 8>L8J 8E;I@LFC@ GIFM@;<E:@8
ALQ>8;F M@><J@DF ;< CF :@M@C ;< G@:?@E:?8%$ Hl`kf# d`„iZfc\j )- [\ \e\if [\c )'((# cXj (-_,(%$M`jkfj%$ <e m`ikl[ [\c jfik\f Zfii\jgfe[`\ek\ XmfZf ZfefZ`d`\ekf [\ \jkX ZXljX \e ZXc`[X[ [\ Al\q K`klcXi [\ \jkX Al[`ZXkliX%$ CX [\dXe[X hl\ Xek\$ Z\[\ \j ZcXiX# gi\Z`jX p i\’e\ cfj i\hl`j`kfj [\ c\p# gfi cf hl\ j\ cX XZ\gkX X ki}d`k\ [\ \jg\Z`Xc%$ Gfi Zfej`^l`\ek\# [\ Zfe]fid`[X[ Zfe cf gi\Z\gklX[f gfi \c 8ikj% -)0# [\c :�[`^f [\ GifZ\[`d`\ekf :`m`c# p (0( [\c :�[`^f :`m`c# gifZ„[Xj\ X cX ]fidXZ`�e [\ le `em\ekXi`f kXjXZ`�e p XmXcl� [\ cfj Y`\e\j [\aXe[f gfi \c ZXljXek\ j\Œfi1 ALI><E 9LI:?8I; =I@<;<C ?<L<I ?8DG<# gXiX Zlpf \]\Zkf cXj gXik\j efdYiXiXe jlj g\i`kfj [\ekif [\c k„id`ef [\ Z`eZf [ˆXj [\jgl„j [\ _XY\ij\ Z`kX[fj X cfj [\dXe[X[fj%$ :ˆk\j\ X cX [\dXe$ [X[X j\ŒfiX :<:@C@8 ;< CFLI;<J LHL@CC8J ?<II<I8# \e cX [`i\Z$ Z`�e hl\ gXiX kXc \]\Zkf j\ j\ŒX$ cX# p2 X cfj _\i\[\ifj gi\jlekfj p [\jZfefZ`[fj [\ hl`\e \e m`[X ]l\ \c j\Œfi ALI><E 9LI:?8I; =I@<;<C ?<L<I ?8DG< \e lef [\ cfj [`Xi`f [\ dXpfi Z`iZlcXZ`�e [\ \jkX :`l[X[ [\ Hl`kf# Gifm`eZ`X [\ G`Z_`eZ_X [\ Zfe]fid`[X[ X cf fi[\eX[f \e \c 8ik% /)# [\c :�[`^f [\ GifZ\[`d`\ekf :`m`c$ K„e^Xj\ \e Zl\ekX \c [fd`Z`c`f al[`Z`Xc j\ŒXcX[f gfi \c XZkfi p cX Xlkfi`qX$ Z`�e [\ jl 8Yf^X[f ;\]\ejfi p cX ZXc`[X[ [\ GifZliX[fi Al[`Z`Xc [\ cXj ZfdgXi\Z`\ek\j Efk`]ˆhl\j\%$ ;i% >\id}e >feq}c\q [\c Gfqf# Al\q Cf hl\ c\ Zfdle`Zf X Ljk\[# p c\ :@KF gi\m`e`„e[fc\ [\ cX fYc`^X$ Z`�e hl\ k`\e\ [\ j\ŒXcXi ZXj`cc\if al[`Z`Xc gXiX ]lkliXj efk`]`ZXZ`fe\j \e \c cl^Xi [\c al`Z`f%$ ;i% >Xcf 9}\q AX`d\ J<:I<K8I@F ?Xp le j\ccf 8%:%(('/)&
REPUBLICA DEL ECUADOR SUPERINTENDENCIA DE COMPAÑIAS
EXTRACTO DE LA ESCRITURA PĂšBLICA DE FIJACION DE NUEVO CAPITAL AUTORIZADO Y REFORMA DE ESTATUTOS DE TIGRE ECUADOR S.A. ECUATIGRE
Se comunica al pĂşblico que TIGRE ECUADOR S.A. ECUATIGRE, con domicilio principal en la ciudad de Quito, fijĂł su nuevo capital autorizado y reformĂł sus estatutos por escritura pĂşblica otorgada ante el Notario VigĂŠsimo Cuarto del Distrito Metropolitano de Quito el 11 de febrero de 2011. Actos societarios aprobados por la Superintendencia de CompaĂąĂas, mediante ResoluciĂłn No. SC.IJ.DJCPTE. Q.11.002342 de 31 de mayo de 2011. En virtud de la mencionada escritura pĂşblica la compaĂąĂa reforma el articulo cuarto del Estatuto Social, referente al capital autorizado, de la siguiente manera; “ARTICULO CUARTO: CAPITAL AUTORIZADO.- El capital autorizado serĂĄ de veinte y cuatro millones de dĂłlares de los Estados Unidos de AmĂŠrica (US$ 24Â´Ě 000.000). El capital suscrito es de doce millones de dĂłlares de los Estados Unidos de AmĂŠrica (US$ 12’000.000), dividido en ciento veinte mil (120.000) acciones ordinarias y nominativas de cien dĂłlares de los Estados Unidos de AmĂŠrica (US$ 100) cada una....â€? D.M. Quito, 31 de mayo de 2011 Dr. Camilo Valdivieso Cueva INTENDENTE DE COMPAĂ‘IAS DE QUITO
151342 gf
AC/11090/tf
I% ;<C <% ALQ>8;F GI@D<IF ;<C KI898AF ;< G@:?@E:?8 FI8C <OKI8:KF Al`Z`f [\ KiXYXaf FiXc Ef% '*'+$ )'(($EM 8Zkfi 1 CL@J =<IE8E;F 9<K8E:FLIK ?@;8C>F ;\dXe[X[f1 E<P 98II@FEL<MF J8E:?<Q P FKIFJ :lXek`X LJ; ()'%''' @e`Z`f1 (* [\ XYi`c [\ )'(( ;\]\ejfi1 ;i% DXiZ\cf I\^XcX[f J\iiXef :8J@CC<IF1 )-* Al\q1 ;i% I<E< :FIFE<C ;FDĂ E>L<Q J\Zi\kXi`f1 ;i% D\[Xi[f P}e\q% GIFM@;<E:@8 ALQ>8;F GI@D<IF ;<C KI898AF ;< G@:?@E:?8%$ Hl`kf# d`„iZfc\j ). [\ XYi`c [\c )'((# cXj (,_+,%$ M@JKFJ1 8^i„^l\j\ Xc gifZ\jf \c \jZi`kf gi\j\ekX[f gfi cX gXik\ XZkfiX [\ ]\Z_X )( [\ XYi`c [\ )'((%$ <e cf gi`eZ`gXc# [Xe[f Zldgc`d`\ekf X cf fi[\eX$ [f \e \c 8ik% ,., [\c :Â?[`^f [\ KiXYXaf :f[`]`ZX[f# cX [\dXe[X hl\ Xek\Z\[\ \j ZcXiX# Zfdgc\kX p i\Â’e\ cfj [\d}j i\hl`j`kfj [\ C\p# gfi cf hl\ j\ cX XZ\gkX X ki}d`k\ fiXc%$ ;`jgÂŽe\j\ hl\ j\ Z`k\ X cfj [\dXe[X[fj E<P 98II@FEL<MF JĂ?E:?<Q# \e cX ZXc`[X[ [\k\id`$ eX[X \e cX [\dXe[X p gfi jlj gifg`fj [\i\Z_fj# X cfj _\i\[\$ ifj E<P# <M<CPE# J8EK@8>F 98II@FEL<MF JĂ?E:?<Q2 P# E<CCP JĂ?E:?<Q JĂ?E:?<Q M@L;8 ;< 98II@FEL<MF# \e \c [fd`Z`c`f j\ÂŒXcX[f gXiX \c \]\Zkf# \eki\^}e[fj\c\j cX Zfg`X [\ cX [\dXe[X p [\ \jkX gifm`[\eZ`X# gi\m`e`„e[fc\j [\ cX fYc`^XZ`Â?e hl\ k`\e\ [\ j\ÂŒXcXi ZXj`cc\if al[`Z`Xc [\ekif [\c g\iˆd\kif c\^Xc [\ \jkX Z`l[X[# gXiX cf ZlXc i\dˆ$ kXj\ \c [\jgXZ_f X cX F]`Z`eX [\ :`kXZ`fe\j# X ]`e [\ hl\ j\ ZldgcX \e \c k„id`ef [\ Z`eZf [ˆXj# gi\$ m`jkf \e \c `eZ`jf j\^le[f [\c 8ik% ,.- [\c :Â?[`^f CXYfiXc% 8[\d}j Zˆk\j\ X cfj gi\jlekfj p [\jZf$ efZ`[fj _\i\[\ifj [\c ZXljXek\ ;I% E<P @J8Ă 8J 98II@FEL<MF GyI<Q# gfi cX gi\ejX d\[`Xek\ ki\j glYc`ZXZ`fe\j# \e lef [\ cfj g\i`Â?[`Zfj [\ dXpfi Z`iZl$ cXZ`Â?e [\ \jkX Z`l[X[# Zfe]fid\ cf [`jgfe\ \c 8ik% /) [\c :Â?[`^f [\ GifZ\[`d`\ekf :`m`c# kf[X m\q hl\ \c XZkfi dXe`]`\jkX Zfe aliX$ d\ekf [\jZfefZ\i \c [fd`Z`c`f [\ cfj gi\jlekfj _\i\[\ifj# gi\$ m`e`„e[fc\j [\ cX fYc`^XZ`Â?e hl\ k`\e\e [\ j\ÂŒXcXi ZXj`cc\if al[`Z`Xc [\ekif [\c g\iˆd\kif c\^Xc% ?\Z_f hl\ ]l\i\ ZfemfZXj\ X cX Xl[`\eZ`X gi\c`d`eXi [\ ZfeZ`c`XZ`Â?e# Zfek\j$ kXZ`Â?e X cX [\dXe[X# p ]fidlcXZ`Â?e [\ gil\YXj# cX d`jdX hl\ [\Y\i} gi\j\ekXi gfi \jZi`kf# \c [ˆX (( [\ XYi`c [\ )'()# X cXj (-_''# [`c`$ ^\eZ`X X cX hl\ ZfdgXi\Z\i}e cXj gXik\j f jlj XYf^X[fj [\]\e$ jfi\j [\Y`[Xd\ek\ XZi\[`kX[fj Zfe gf[\i hl\ Zfek\e^X Zc}ljlcX gXiX kiXej`^`i# Zfe]fid\ cf [`jgf$ e\ \c eld\iXc (( [\c 8ik% (*' [\c :Â?[`^f Fi^}e`Zf [\ cX =leZ`Â?e Al[`Z`Xc%$ K„e^Xj\ \e Zl\ekX cX ZlXekˆX ]`aX[X% Efk`]ˆhl\j\ X cX gXik\ XZkfiX CL@J =<IE8E;F 9<K8E:FLIK? ?@;8C>F# \e \c ZXj`cc\if al[`Z`Xc Ef% )-*# [\c ;i% DXiZ\cf I\^XcX[f J\iiXef%$ <c XZkfi f gXkifZ`eX[fi\j# [\Y\i}e ZfdgXi\Z\i \e \c k„id`ef [\ )+ _fiXj X cX Al[`ZXkliX p i\k`iXi \c \okiXZkf gXiX cX glYc`ZXZ`Â?e gfi cX gi\ejX%$ :@K<J< P EFK@=@HL<J<%$ ] ;i% I\e\ :fife\c ;fdˆe^l\q% Cf hl\ Zfdle`Zf X ljk\[ gXiX cfj ]`e\j c\^Xc\j# X[m`ik`„e[fc\j [\ cX fYc`^XZ`Â?e hl\ k`\e\e \e j\ÂŒXcXi [fd`Z`c`f al[`Z`Xc [\ekif [\ \jkX ZXljX# gXiX i\Z`Y`i ]lkliXj efk`]`ZXZ`fe\j \e \jk\ gifZ\jf% :\ik`]`Zf% ;i% D\[Xi[f P}e\q <C J<:I<K8I@F ?Xp ]`idX p j\ccf 8:&.00,)&k] ALQ>8;F DLCK@:FDG<K<EK< ;< E8GF$HL@AFJ :@K8:@äE AL;@:@8C 8:KFI1 D8I@8 N@CD8 :?@:8@Q8 K8GLP ;<D8E;8;F1 AFJ< <L><E@F :?8M<Q G@J:F AL@:@F Ef% (.$)'(($G% ;@MFI:@F GFI :8LJ8C KIĂ?D@K<1 M<I98C JLD8I@F GIFM@;<E:@8 ALQ>8;F DLCK@:FDG<K<EK< ;< E8GF$HL@AFJ%$ 9X\qX% dXpf (' [\c )'((# cXj [`\q _fiXj [`\q d`elkfj% M@JKFJ1 Gfi ZlXekf cX XZkfiX X i\e[`[f jl [\ZcXiXZ`Â?e aliXd\ekX[X jfYi\ \c [\jZfefZ`$ d`\ekf [\c [fd`Z`c`f [\c [\dXe$ [X[f# j\ gifZ\[\ X ZXc`]`ZXi cX [\dXe[X gi\j\ekX[X gfi D8I@8 N@CD8 :?@:8@Q8 K8GLP# Zfdf ZcXiX# gi\Z`jX p Zfdgc\kX# gfi i\le`i cfj i\hl`j`kfj [\k\id`eX$ [fj \e cfj XikˆZlcfj -. p ('(* [\c :Â?[`^f [\ GifZ\[`d`\ekf :`m`c# iXqÂ?e gfi cX hl\ j\ c\ X[d`k\ X ki}d`k\ m\iYXc jldXi`f% <e cf gi`e$
Ĺ? ćĹ? Ĺ? Ĺ? Ĺ?Ä‚Ä€Ä Ä
Ĺ? +. Ĺ? ÄŒĹ? Z`gXc Zˆk\j\ Xc [\dXe[X[f AFJ< <L><E@F :?8M<Q G@J:F# [\ Zfe$ ]fid`[X[ cf [`jgl\jkf \e \c 8ik% /) [\c :Â?[`^f [\ GifZ\[`d`\ekf :`m`c# gfi ZlXekf \c XZkfi YXaf aliXd\ekf X]`idX [\jZfefZ\i \c [fd`Z`c`f XZklXc [\c [\dXe[X[f# \jkf \j# gfi ki\j m\Z\j \e lef [\ cfj g\i`Â?[`Zfj [\ dXpfi Z`iZlcX$ Z`Â?e eXZ`feXc# Zfe `ek\imXcf [\ fZ_f [ˆXj \eki\ ZX[X glYc`ZXZ`Â?e2 \e cX Z`l[X[ [\ Hl`kf# gfi ef \o`jk`i g\i`Â?[`Zfj \e cX cfZXc`[X[# e` \e cX ZXg`kXc gifm`eZ`Xc2 gXiX kXc \]\Zkf Zfe]`„iXj\ \c \okiXZkf i\jg\Zk`mf% KÂ?d\j\ \e Zl\ekX cX [\j`^eXZ`Â?e [\ 8Yf^X[f [\]\ejfi p \c ZXj`cc\$ if al[`Z`Xc j\ÂŒXcX[f gfi cX XZkfiX% 8^i„^l\j\ Xc gifZ\jf cX [fZld\e$ kXZ`Â?e XgXi\aX[X X cX [\dXe[X% Efk`]ˆhl\j\ ]%$ ;i% DXiZf GifXÂŒf CÂ?g\q# AL<Q DLCK@:FDG<K<EK< ;< E8GF$HL@AFJ% Cf hl\ Zfdle`Zf gXiX cfj ]`e\j [\ C\p# p c\ Z`kf Zfe cX X[m\ik\eZ`X [\ cX fYc`^XZ`Â?e hl\ k`\e\ [\ j\ÂŒXcXi ZXj`cc\if al[`Z`Xc \e \jk\ Alq^X[f gXiX jlj ]lkliXj efk`]`ZXZ`fe\j% :\ik`]`Zf% ;iX% DXiˆX Jl}i\q% J<:I<K8I@8 ?Xp ]`idX p j\ccf 8:&(('0*&k]
<OKI8:KF AL;@:@8C ALQ>8;F ;<:@DF GI@D<IF ;< CF :@M@C ;< G@:?@E:?8 EFK@=@:8:@äE AL;@:@8C 8C GL9C@:F <E ><E<I8C 8:KFI1 =@;<C ?@EFAFJ8 8CD<@;8 ;<D8E;8;F1 G<;IF ;8M@; >8IE@:8 DFI8 AL@:@F E f% *+*$)''/$E8% @EJFCM<E:@8 KI8D@K<1 <JG<:@8C F9A<KF1 =le[Xd\ekf \e cf \jkX$ Yc\Z`[f \e \c eld\if ( [\c 8ik% ,(0 p j`^l`\ek\j [\c :Â?[`^f [\ GifZ\[`d`\ekf :`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# '0 [\ 8Yi`c [\c )''/# cXj ('_((%$ M@JKFJ%$Gfi Zldgc`[f Zfe \c i\hl\i`d`\ekf Xek\i`fi# cX [\dXe$ [X gifgl\jkX gfi =`[\c ?`efafjX 8cd\`[X# \j Zfdgc\kX# ZcXiX# gi\$ Z`jX p i\Â’e\ cfj [\d}j i\hl`j`kfj [\ C\p# gfi cf hl\ [\ZcXi}e[fj\cX gifZ\[\ek\ j\ cX X[d`k\ Xc ki}$ d`k\ \jg\Z`Xc jfc`Z`kX[f%$;\ cX [fZld\ekXZ`Â?e XZfdgXÂŒX[X gfi \c 8Zkfi# j\ gi\jld\ hl\ \c j\ÂŒfi G<;IF ;8M@; >8IE@:8 DFI8# j\ _XccX Zfdgi\e[`[f [\ekif [\ cf gi\jZi`kf \e \c eld\iXc (— [\c 8ik%$ ,(0 [\c :Â?[`^f [\ GifZ\[`d`\ekf :`m`c%$<e Zfej\Zl\eZ`X# j\ fi[\$ eX cX gi}Zk`ZX [\ cXj j`^l`\ek\j [`c`^\eZ`Xj1 ( %$CX fZlgXZ`Â?e p [\gÂ?j`kf [\ cfj Y`\e\j# c`Yifj# Zfii\jgfe[\eZ`X p d}j [fZl$ d\ekfj [\c [\dXe[X[f# hl\ j\i}e \eki\^X[fj Xc Jˆe[`Zf [\ Hl`\YiX ;i%$Afi^\ Cl`j DXZXj Ifd\if# X hl`\e j\ efk`]`ZXi} \e c\^Xc ]fidX# X ]`e [\ hl\ i\Xc`Z\ \c `em\ekXi`f p jl i\jg\Zk`mf XmXcÂ’f%$) %$Hl\ j\ XZldlc\ kf[fj cfj al`Z`fj j\^l`$ [fj \e ZfekiX [\c [\dXe[X[f gfi cXj fYc`^XZ`fe\j [\ [Xi f _XZ\i# gl[`\e[f cfj XZi\\[fi\j _`gfk\$ ZXi`fj _XZ\i mXc\i jlj [\i\Z_fj gfi j\gXiX[f%$* %$J\ gif_ˆY\ Xc [\dXe[X[f Xlj\ekXij\ [\c cl^Xi [\c al`Z`f# j`e cX Xlkfi`qXZ`Â?e [\c Al\q hl\ ZfefZ\ cX ZXljX%$ + %$Hl\ \c [\dXe[X[f gi\j\ek\ \c YXcXeZ\ [\ jlj Y`\e\j# Zfe cX `e[`ZXZ`Â?e [\c XZk`mf p gXj`mf# \e \c k„id`ef [\ fZ_f [ˆXj%$, %$I\dˆkXj\ Zfg`Xj [\ cf XZklX[f X lef [\ cfj j\ÂŒfi\j Al\Z\j [\ cf G\eXc [\ G`Z_`eZ_X# gXiX hl\ ZXc`]`hl\ cX `ejfcm\e$ Z`X%$- %$<c [\dXe[X[f hl\[X [\ _\Z_f \e `ek\i[`ZZ`Â?e [\ X[d`$ e`jkiXi jlj Y`\e\j# [\Y`„e[fj\ Zfdle`ZXi \jk\ gXik`ZlcXi Xc j\ÂŒfi :fekiXcfi p GifZliX[fi >\e\iXc [\c <jkX[f# ;`i\Zkfi EXZ`feXc [\ G\ijfeXc# A\]\ [\ D`^iXZ`Â?e p <okiXea\iˆX# 9XeZfj [\ cX cfZX$ c`[X[# EfkXiˆXj# I\^`jkifj [\ cX Gifg`\[X[ p D\iZXek`c [\c :XekÂ?e2 Jlg\i`ek\e[\ek\j [\ :fdgXŒˆXj# [\ 9XeZfj# ;`i\Zkfi [\ Ki}ej`kf [\ G`Z_`eZ_X# Gi\j`[\ek\ [\c Ki`YleXc Jlgi\df <c\ZkfiXc# D`e`jkiX =`jZXc >\e\iXc [\c <jkX[f# gXiX hl\ j\ XYjk\e^Xe [\ Z\c\YiXi ZfekiXkfj f i\^`jkiXicfj \e jlj ZXjfj# c`d`$ kXe[f [\ Xc^Â’e df[f \c [fd`e`f [\ cfj Y`\e\j [\c [\dXe[X[f%$. %$ @ejZiˆYXj\ \c Xlkf ZXc`]`ZXZ`Â?e [\ @ejfcm\eZ`X \e \c I\^`jkif [\ cX Gifg`\[X[ [\c :XekÂ?e p I\^`jkif :`m`c @[\ek`]`ZXZ`Â?e p :\[lcXZ`Â?e cfZXc p EXZ`feXc2 \e ]`e# ZÂ’dgcXj\ Zfe kf[Xj p ZlXekXj [`c`^\eZ`Xj e\Z\jXi`Xj Zfe[lZ\ek\j X gifk\$
ÄŠ
^\i cfj `ek\i\j\j [\c 8Zkfi%$:ˆk\j\ Xc j\Œfi G<;IF ;8M@; >8IE@:8 DFI8 \e cX [`i\ZZ`�e j\ŒXcX[X gXiX \c \]\Zkf# d\[`Xek\ :fd`j`�e# hl\ j\ \em`Xi} Xc j\Œfi K\e`\ek\ Gfcˆk`Zf [\ cX gXiifhl`X :fefZfkf# g\ik\e\Z`\ek\ X \jkX Z`l[X[ [\ Hl`kf# X hl`\e j\ c\ ZfeZ\[\ \c k„id`ef \okiXfi[`eXi`f [\ ki\j [ˆXj \e iXq�e [\ cX [`jkXeZ`X# i\dˆkX$ j\ [\jgXZ_f \e ]fidX%$ ?\Z_f# j\ _Xi} ZfefZ\i Xc g’Yc`Zf \e ^\e\iXc d\[`Xek\ glYc`ZXZ`�e gfi cX gi\ejX X e`m\c eXZ`feXc [\ le \okiXZkf [\ cX [\dXe[X p gi\j\ek\ gifm`[\eZ`X# gfi leX jfcX m\q%$ <c [\dXe[X[f gf[i} fgfe\ij\ Xc gi\$ j\ek\ al`Z`f gX^Xe[f cf j\ŒXcX[f f [`d`k`\e[f Y`\e\j \hl`mXc\ek\j X cX [\l[X# [\Y`[Xd\ek\ jXe\X[fj# \e \c k„id`ef [\ ki\j [ˆXj cl\^f [\ Z`kX[f%$@eZfig�i\ej\ X cfj Xlkfj cX [fZld\ekXZ`�e X[alekX%$K�d\j\ efkX [\ cX ZlXekˆX p [\c ZXj`cc\if al[`Z`Xc j\ŒXcX[fj gfi \c 8Zkfi# gXiX jlj efk`]`ZXZ`fe\j gfjk\i`f$ i\j# Xjˆ Zfdf \c efdYiXd`\ekf p Xlkfi`qXZ`�e dXe`]\jkX[X \e ]Xmfi [\ jl ;\]\ejfi%$EFK@=@HL<J<% = ;I% I<PE8C;F =CFI 8CM8I8;F% AL<Q Cf hl\ Zfdle`Zf X L[%# gXiX cfj ]`e\j [\ C\p# gi\m`e`„e[fc\ [\ cX fYc`^XZ`�e hl\ k`\e\ [\ j\ŒXcXi ZXj`cc\if al[`Z`Xc gXiX gfjk\i`fi\j efk`]`ZXZ`fe\j [\ekif [\c g\iˆd\$ kif c\^Xc% :\ik`]`Zf% JiX% AlXeX :\mXccfj >% J<:I<K8I@8 ?Xp ]`idX p j\ccf 8:&(('/(&k]
<OKI8:KF AL@:@F ;< KI898AF GIF:<;@D@<EKF FI8C @ E ; < D E @ Q 8 : @ F E < J C89FI8C<J Ef% ,+'$(' EM 8:KFI81 D8I@8E8 ;< A<JèJ E8IMĂ?<Q DLI@CCF : @ K8: @ ä E 1 ? < I < ; < I F J GI<JLEKFJ P ;<J:FEF:@;FJ ;<C :8LJ8EK< J<zFI <;N@E 8D8;<F E8M8II<K< DLzFQ :L8EK@8 0'%'''#'' M@JKFJ1 IX[`ZX[X cX Zfdg\k\eZ`X \e \jk\ Alq^X[f # \e m`ikl[ [\c XZkX [\ jfik\f gi\Z\[\ek\% 8mfZf Zfef$ Z`d`\ekf [\ cX gi\j\ek\ ZXljX \e ZXc`[X[ [\ Al\qX K`klcXi J\okX [\ KiXYXaf [\ G`Z_`eZ_X%$ <e cf gi`e$ Z`gXc# cX [\dXe[X hl\ Xek\Z\[\ \j ZcXiX# gi\Z`jX p i\Â’e\ cfj [\d}j i\hl`j`kfj [\ C\p% J\ cX X[d`k\ Xc ki}d`k\ \e \c gifZ\[`d`\ekf fiXc# [\ Zfe]fid`[X[ Xc 8ik% ,., [\ cX Zf[`]`ZXZ`Â?e [\c :Â?[`^f [\c KiXYXaf%$ :@K<J< Xc @EJK@KLKF <:L8KFI@8EF ;< J<>LI@;8; JF:@8C i\gi\j\ekX[f c\^Xcd\ek\ gfi \c j\ÂŒfi <:FE% =<IE8E;F >L@A8IIF :89<Q8J# Zfe \c Zfe$ k\e`[f [\ cX [\dXe[X p Xlkf [\ ZXc`]`ZXZ`Â?e \e \c [fd`Z`c`f hl\ j\ `e[`ZX gXiX \c \]\Zkf# gXiX cf ZlXc i\dˆkXj\ jl]`Z`\ek\ [\jgXZ_f X cX F]`Z`eX [\ :`kXZ`fe\j X ]`e hl\ j\ [\ Zldgc`d`\ekf X cf gi\m`jkf \e \c 8ik% ,.- `eZ`jf j\^le[f [\c :Â?[`^f [\c KiXYXaf# X[m`ik`„e[f$ c\ X cX [\dXe[X[X cX fYc`^XZ`Â?e hl\ k`\e\ [\ j\ÂŒXcXi [fd`Z`c`f al[`Z`Xc# gXiX cXj efk`]`ZXZ`fe\j hl\ c\ Zfii\jgfe[Xe%$ :l„ek\j\ \e cX gi\j\ek\ ZXljX Zfe \c j\ÂŒfi GifZliX[fi >\e\iXc [\c <jkX[f p Zfe \c @ejg\Zkfi [\c KiXYXaf gXiX cfj ]`e\j [\ c\p% K„e^Xj\ \e Zl\ekX cX ZlXekˆX ]`aX[X# Xjˆ Zfdf \c ZXj`$ cc\if al[`Z`Xc Ef%())0 [\c [fZkfi N`cjfe 8Yi`c# j\ÂŒXcX[f gfi cX gXik\ XZkfiX gXiX gfjk\i`fi\j efk`]`ZX$ Z`fe\j%$ ;\ Zfe]fid`[X[ Zfe cf [`jgl\jkf \e \c 8ik% /) [\c :%G%:% Zˆk\j\ gfi cX gi\ejX X cfj _\i\[\$ ifj gi\jlekfj p [\jZfefZ`[fj [\c ZXljXek\ j\ÂŒfi <;N@E 8D8;<F E8M8II<K< DLzFQ% ?\Z_f hl\ j\X cXj gXik\j [\Y\i}e ZfeZlii`i X \jk\ ;\jgXZ_f# g\ijfeXcd\ek\ f Zfe gifZliXZ`Â?e al[`Z`Xc hl\ Zfek\e^X Zc}ljlcX \jg\Z`Xc gXiX kiXej`^`i# \c [ˆX m\`ek`fZ_f [\ alc`f [\c [fj d`c feZ\ X cXj el\m\ _fiXj Zfe ZlXi\ekX d`elkfj# X ]`e hl\ k\e^X cl^Xi cX Xl[`\eZ`X gi\c`d`$ eXi [\ ZfeZ`c`XZ`Â?e# Zfek\jkXZ`Â?e X cX [\dXe[X p ]fidlcXZ`Â?e [\ gil\YXj%$ 8ZkÂ’\ \e cX gi\j\ek\ ZXljX cX ;iX% GXlc`eX ?`[Xc^f# Zfdf J\Zi\kXi`X K`klcXi%$ :@K<J< P EFK@=@HL<J<% = ;iX% 9\Xki`q :X[\eX CXe[}qli`# Al\qX% = ;iX% GXlc`eX ?`[Xc^f% J\Zi\kXi`X k`klcXi [\c Alq^X[f% Cf hl\ Zfdle`Zf gXiX cfj ]`e\j [\ C\p% ;iX% GXlc`eX ?`[Xc^f J<:I<K8I@8 ?Xp ]`idX p j\ccf 8:&(('.(&k]
Ĺ? Ĺ?
Ĺ?
Ĺ? Ĺ?
Ĺ?
Ä Ä€
Ĺ? ćĹ? Ĺ? Ĺ? Ĺ?Ä‚Ä€Ä Ä
Ĺ? +. Ĺ? ÄŒĹ?
I% ;<C <% :@K8:@FE AL;@:@8C 81 E<CJFE M@:KFI ?L>F 8CM8I<Q :FE <C AL@:@F M<I98C JLD8I@F GIFGL<JKF GFI 89% ><IJFE ?8IF D<I@EF GIF:LI8;FI AL;@:@8C ;< G8:@=@:8I; 8:KFI1 89% ><IJFE ?8IF D<I@EF GIF:LI8;FI AL;@:@8C ;< G8:@=@:8I;% ;<D8E;8;F1 E<CJFE M@:KFI ?L>F 8CM8I<Q# =LE;8D<EKF ;< ;<I<:?F1 8IK@:LCF 0*- ;<C :F;@>F ;< GIF:<;@D@<EKF :@M@C M@><EK<% :L8EK@81 J<@J D@C :L8KIF:@<EKFJ M<@EK@KIyJ ;FC8I<J% AL@:@F1 M<I98C JLD8I@F ELD<IF ((++$)'('$;iX% :%@% ;FD@:@C@F AL;@:@8C Ef% (/0+ ;I% G89CF :8II@CCF ALQ>8;F J<>LE;F ;< CF :@M@C ;< G@:?@E:?8%$ Hl`kf# m`\ie\j * [\ j\gk`\dYi\ [\c )'('% CXj (+_*+%$ M@JKFJ1 8mfZf ZfefZ`$ d`\ekf [\ cX gi\j\ek\ ZXljX# \e ZXc`[X[ [\ Al\q <eZXi^X[f # d\[`Xek\ f]`Z`f E'% (*'/ ;G$;GG$ Alc`f . [\c )'(' CX [\dXe[X hl\ Xek\Z\[\ \j ZcXiX# gi\Z`jX# Zfd$ gc\kX p i\Â’e\ cfj [\d}j i\hl`j`kfj [\ c\p# gfi cf hl\ j\ cX XZ\gkX Xc ki}d`k\ i\jg\Zk`mf# \e al`Z`f M\iYXc JldXi`f2 \e Zfej\Zl\eZ`X# Zˆk\j\ Xc [\dXe[X[f E<CJFE M@:KFI ?L>F 8CM8I<Q# \e c\^Xc p [\Y`[X ]fidX \e \c cl^Xi hl\ j\ `e[`ZX \e cX gi\j\ek\ XZZ`Â?e%$ 8^i„^l\j\ cfj [fZld\ekfj gi\j\ekX[fj%$ KÂ?d\j\ \e Zl\ekX \c ZXj`cc\if al[`Z`Xc j\ÂŒXcX[f gfi \c XZkfi gXiX jlj gfjk\i`fi\j efk`]`ZXZ`fe\j%%$ EFK@=@HL<J<%$ = ;i% =XYi`Z`f J\^fm`X 9% Al\q <eZXi^X[f ALQ>8;F J<>LE;F ;< CF :@M@C ;< G@:?@E:?8%$ Hl`kf# al\m\j )/ [\ XYi`c [\c )'((# cXj '/_''%$ 8mfZf ZfefZ`d`\ekf [\ cX gi\j\ek\ ZXljX \e ZXc`[X[ [\ Al\q <eZXi^X[f # d\[`Xek\ f]`Z`f E'%/.)$;G$;GG [\ ]\Z_X )( [\ 8Yi`c [\c )'((%$ 8k\ekf Xc aliXd\e$ kf i\e[`[f gfi cX gXik\ 8ZkfiX# Zˆk\$ j\ Xc [\dXe[X[f E<CJFE M@:KFI ?L>F 8CM8I<Q# [\ Zfe]fid`[X[ Zfe cf hl\ [`jgfe\ \c 8ik% /) [\c :Â?[`^f [\ GifZ\[`d`\ekf :`m`c# \e lef [\ cfj [`Xi`fj [\ dXpfi Z`iZlcXZ`Â?e \e cX :`l[X[ [\ Hl`kf%$ EFK@=Ă HL<J<%$ ] ;i% =XYi`Z`f J\^fm`X 9% Al\q <eZXi^X[f Cf hl\ c\ Zfdle`Zf X ljk\[ gXiX cfj ]`e\j [\ C\p# gi\m`e`„e[fc\ [\ cX fYc`^XZ`Â?e [\ j\ÂŒXcXi ZXj`cc\$ if al[`Z`Xc \e lef [\ cfj [\ \jkX Z`l[X[% ;i% AlXe >XccXi[f H% J<:I<K8I@F ?Xp ]`idX p j\ccf 8:&.000,&k] ALQ>8;F ;<:@DF ;< CF :@M@C ;< G@:?@E:?8 :@K8:@FE AL;@:@8C 81 C@;@8 IFJ8I@F E8LC8 M<CFQ AL@:@F1 < J G <: @ 8 C Æ @EJFCM<E:@8 Ef% (.),$)'('$8%G%E% 8:KF I 1 ; @ JK I @ 9 L @ ; F I8 ;@JG8:@= J%8% ;<D8E;8;81 C@;@8 IFJ8I@F E8LC8 M<CFQ KI8D@K<1 <JG<:@8C :L8EK@81 @E;<K<ID@E8;8% ;FD@:@C@F AL;@:@8C1 +-(* ;iX% C`^`X M`ccfkX M\iX p ;iX% GXfcX M`ccfkX M\iX ALQ>8;F ;<:@DF ;< CF :@M@C ;< G@:?@E:?8% Hl`kf# cle\j ) [\ dXpf [\c )'((# cXj ((_')% M@JKFJ1 8mfZf ZfefZ`d`\ekf [\ cX gi\j\ek\ ZXljX# \e d` ZXc`[X[ [\ Al\q [\ \jkX Al[`ZXkliX%$ <e cf gi`eZ`gXc# cX [\dXe[X gi\j\ekX[X \j ZcXiX# gi\Z`jX p i\Â’e\ cfj i\hl`j`kfj [\ C\p%$ ;\ cXj Zfg`Xj Z\ik`]`ZX[Xj hl\ j\ XZfdgXÂŒXe# j\ [\jgi\e$ [\ hl\ cX j\ÂŒfiX C@;@8 IFJ8I@F E8LC8 M<CFQ# ]l\ i\hl\i`[X Zfe \c DXe[Xd`\ekf [\ <a\ZlZ`Â?e \e \c Al`Z`f <a\Zlk`mf# j\^l`[f \e jl ZfekiX# ef _X gX^X[f cX [\l[X# e` _X [`d`k`[f Y`\e\j \hl`mXc\ek\j p gfi cf d`jdf# Xk\ekf X cf gi\$ m`jkf gfi \c 8ik% ,(0 [\c :Â?[`^f [\ GifZ\[`d`\ekf :`m`c# j\ gi\$ jld\ cX `ejfcm\eZ`X [\c j\ÂŒfiX C@;@8 IFJ8I@F E8LC8 M<CFQ# ZfekiX hl`\e j\ [`i`^\ cX gi\j\ek\ XZZ`Â?e# \e Zfej\Zl\eZ`X [\ kXc gi\jleZ`Â?e# j\ [\ZcXiX cl^Xi \c ZfeZlijf [\ XZi\\[fi\j hl\# j\ dXe[X X ]fidXi%$ GifZ„[Xj\ X cX fZlgXZ`Â?e p [\gÂ?j`kf [\ jlj Y`\e\j# c`Yifj# Zfii\jgfe[\eZ`X p d}j [fZld\ekfj# cfj ZlXc\j j\ \eki\^Xi}e Xc Jˆe[`Zf ;i% E\cjfe Hl`ifcX# X hl`\e j\ c\ [\j`^eX gXiX \c \]\Zkf# X hl`\e j\ \eki\^Xi} cX fZlgXZ`Â?e [\ cfj Y`\e\j `e[`ZX[fj# gi\m`Xj cXj ]fidXc`[X[\j [\ C\p%$ F]ˆZ`\j\ \e c\^Xc p [\Y`[X ]fidX#
X cfj j\ÂŒfi\j Al\Z\j [\ cf :`m`c [\ G`Z_`eZ_X# gXiX cX XZldlcXZ`Â?e [\ ZXljXj j\^l`[Xj \e ZfekiX [\ cX [\l[fiX# gfi fYc`^XZ`fe\j [\ [Xi# [\ _XZ\i# X \oZ\gZ`Â?e [\ cXj _`gfk\ZXi`Xj# j` jlj [l\ÂŒfj gi\]`\$ i\e _XZ\i mXc\i jlj [\i\Z_fj gfi Zl\i[Xj j\gXiX[Xj% ?}^Xj\ jXY\i X lef [\ cfj j\ÂŒfi\j Al\Z\j [\ cf G\eXc [\ G`Z_`eZ_X# X ]`e [\ hl\ ZXc`]`hl\ cX `ejfcm\eZ`X [\ cX j\ÂŒfiX C@;@8 IFJ8I@F E8LC8 M<CFQ%$ GlYcˆhl\j\ \c \okiXZkf [\ cX [\dXe[X p [\ \jk\ Xlkf# gfi cX gi\ejX# \e lef [\ cfj g\i`Â?[`Zfj [\ dXpfi Z`iZlcXZ`Â?e p hl\ j\ \[`kXe \e \jkX Z`l[X[ [\ Hl`kf%$ F]ˆZ`\j\ X cfj j\ÂŒfi\j Al\Z\j [\ cf G\eXc# X cfj j\ÂŒfi\j >\i\ek\j [\ cfj 9XeZfj [\ cX cfZXc`[X[# [\ Zfe]fid`[X[ X cf [`jgl\jkf \e cX C\p [\ :_\hl\j% Efk`]ˆhl\j\ X cfj j\ÂŒfi\j1 EfkXi`fj [\c :XekÂ?e p I\^`jkiX[fi [\ cX Gifg`\[X[# X ]`e [\ hl\ ef fkfi^l\e e` `ejZi`YXe e`e^leX <jZi`kliX \e cX hl\ `ek\im\e^X cX [\dXe[X[X% ?}^Xj\ jXY\i X cfj j\ÂŒfi\j1 ;`i\Zkfi\j [\ J\^li`[X[# [\ D`^iXZ`Â?e# [\ <okiXea\iˆX# gXiX cfj ]`e\j c\^Xc\j g\ik`e\ek\j# Xc j\ÂŒfi :fekiXcfi >\e\iXc [\ cX EXZ`Â?e# gXiX hl\ jlikXe cfj \]\Z$ kfj [\ C\p%$ @ejZiˆYXj\ cX gi\j\ek\ `ejfcm\eZ`X# \e \c I\^`jkif [\ cX Gifg`\[X[ p I\^`jkif D\iZXek`c [\c ZXekÂ?e Hl`kf% :feZ„[Xj\ X cX [\l$ [fi \c k„id`ef [\ fZ_f [ˆXj# gXiX hl\ gi\j\ek\ \c XZk`mf p gXj`mf# ZXjf [\ ef _XZ\icf# j\ fi[\eXi} cX ]fidXZ`Â?e [\ [`Z_f `em\ekXi`f gfi d\[`f [\c Jˆe[`Zf [\c :feZlijf% 8jˆ d`jdf# j\ c\ ZfeZ\[\ \c k„i$ d`ef [\ ki\j [ˆXj# X ]`e [\ hl\ gX^l\ cX [\l[X f [`d`kX Y`\e\j \hl`mXc\ek\j [\ekif [\c d`jdf k„id`ef# [\ Zfe]fid`[X[ Zfe cf [`jgl\jkf gfi \c 8ik% ,)( [\c d`jdf :Â?[`^f [\ GifZ\[`d`\ekf :`m`c% <e Zfej\Zl\eZ`X# \e d„i`kf [\ aliX$ d\ekf i\e[`[f gfi \c XZkfi# Zˆk\j\ X cX [\dXe[X[X j\ÂŒfiX C@;@8 IFJ8I@F E8LC8 M<CFQ# [\ Zfe$ ]fid`[X[ X cf [`jgl\jkf \e \c 8ik% /) [\c :Â?[`^f [\ GifZ\[`d`\ekf :`m`c# \jkf \j# d\[`Xek\ glYc`ZX$ Z`fe\j \e lef [\ cfj [`Xi`fj [\ dXpfi Z`iZlcXZ`Â?e eXZ`feXc# hl\ j\ \[`kXe \e \jkX Z`l[X[ [\ Hl`kf% 8c \]\Zkf# Zfe]`„iXj\ \c \okiXZkf i\jg\Zk`mf%$ 8^i„^l\j\ cX [fZl$ d\ekXZ`Â?e XZfdgXÂŒX[X% K„e^Xj\ \e Zl\ekX \c [fd`Z`c`f al[`Z`Xc j\ÂŒXcX[f%$ 8ZkÂ’\ \c ;i% <[^Xi ?Xif MXc\eql\cX# \e ZXc`[X[ [\ J\Zi\kXi`f <eZXi^X[f# d\[`Xek\ XZZ`Â?e [\ g\ijfeXc Eif% '')+$ ;G$;GG# [\ ]\Z_X ', [\ \e\if [\ )'((%$ :Ă K<J< P EFK@=Ă HL<J< ;I% AFJ< D8IK@E<Q E8I8EAF% AL<Q% = ;i% Afj„ DXikˆe\q EXiXeaf% AL<Q% CF HL< CC<MF 8 JL :FEF:@D@<EKF P C< :@KF GI<M@E@<E;FC< ;< C8 F9C@>8:@FE ;< 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 ?8IF M8C<EQL<C8 J<:I<K8I@F < ;<C ALQ>8;F ;<:@DF ;< CF :@M@C ;< G@:?@E:?8 ?Xp ]`idX p j\ccf 8:&.00,.&k]
I% [\c <% ALQ>8;F HL@EKF ;< KI898AF ;< G@:?@E:?8 :@K8:@äE AL;@:@8C 81 @M8E =I8E:@J:F =CFI<J <OKI8:KF :8LJ81 AL@:@F ;< KI898AF ;< GIF:<;@D@<EKF FI8C Eif ;< AL@:@F1 '*'/ Æ )'(' $ D9 ;<D8E;8;F1 8E;I<J ><ID8E GFIK@CC8 >FEQ8C<Q 8:KFI81 :@I@8 <C<E8 M<I8 :8JKIF :L8EK@81 *%'''#ff AL<Q J 1 ;I :8ICFJ ?@;8C>F GFE:<% ALQ>8;F HL@EKF ;< KI898AF ;< G@:?@E:?8% Hl`kf# cle\j 0 [\ dXpf [\c )'((# cXj (+_++%$ Gfi ZlXekf ZfejkX [\c gifZ\jf hl\ cX XZkfiX :`i`X <c\eX M\iX :Xjkif# [\ZcXiX YXaf aliXd\ekf# hl\ [\j$ ZfefZ\ \c [fd`Z`c`f [\c [\dXe$ [X[f 8e[i„j >\id}e Gfik`ccX >feq}c\q# >\i\ek\ >\e\iXc [\ :C<8EJFCLK@FEJ J%8%# j\^Â’e cf [`jgfe\ \c 8ik% /) `eZ`jf k\i$ Z\if [\c :Â?[`^f [\ GifZ\[`d`\ekf :`m`c# p \eZfeki}e[fj\ c\^Xcd\e$ k\ i\ZfefZ`[X jl ]`idX p iÂ’Yi`ZX X ]faXj m\`ek\ [\c gifZ\jf# J< FI;<E81 :@K<J< Xc [\dXe$ [X[f j\ÂŒfi 8E;I<J ><ID8E GFIK@CC8 >FEQ8C<Q# \e jl ZXc`[X[ [\ >\i\ek\ >\e\iXc [\
Ĺ?
:C<8EJFCLK@FEJ J%8%# d\[`Xe$ k\ * glYc`ZXZ`fe\j gfi cX gi\ejX% 8c [\dXe[X[f j\ c\ i\Zl\i[X cX fYc`^XZ`�e hl\ k`\e\ [\ j\ŒXcXi [fd`Z`c`f al[`Z`Xc gXiX i\Z`Y`i efk`]`ZXZ`fe\j ]lkliXj hl\ c\ Zfii\jgfe[X% J` \c Z`kX[f ef Zfd$ gXi\Z`\i\ m\`ek\ [ˆXj [\jgl„j [\ cX ’ck`dX glYc`ZXZ`�e# j\ c\ Zfej`[\$ iXi} Zfdf i\Y\c[\% ?\Z_f j\ Zfe$ mfZX X cXj gXik\j X \jk\ [\jgXZ_f# g\ijfeXcd\ek\ f Zfe gifZliXZ`�e al[`Z`Xc [\Y`[Xd\ek\ XZi\[`kX[X gXiX \c [ˆX m\`ek\ p j`\k\ [\ ale`f [\c [fj d`c feZ\# X cXj [`\Z`j„`j _fiXj# X ]`e [\ hl\ j\ cc\m\ X ZXYf cX Xl[`\eZ`X gi\c`d`eXi [\ ZfeZ`$ c`XZ`�e Zfek\jkXZ`�e X cX [\dXe[X p ]fidlcXZ`�e [\ gil\YXj%$ :@K<J< P EFK@=@HL<J<%$ ;I8% EFID8 8CK8D@I8EF >% J<:I<K8I@8 ?Xp ]`idX p j\ccf 8:&.00.'&k]
<OKI8:KF AL;@:@8C ALQ>8;F JyGK@DF ;< CF :@M@C ;< G@:?@E:?8 :@K8:@äE AL;@:@8C 81 AFJ< <;L8I;F @KLII8C;< D8P8 8:KFI1 J88;@E 8C=I<;F J<II8EF M8CC8;8I<J ;<D8E;8;F1 AFJ< <;L8I;F @KLII8C;< D8P8 AL@:@F1 @EJFCM<E:@8 Ef +(* Æ )'(( $ :D% KI8D@K<1 <JG<:@8C :L8EK@81 @E;<K<ID@E8;8 GIFM@;<E:@81 ALQ>8;F JyGK@DF ;< CF :@M@C ;< G@:?@E:?8# Hl`kf# dXik\j () [\ XYi`c [\c )'((# cXj '/_+0% M@JKFJ1 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’e\ cfj [\d}j i\hl`$ j`kfj [\ c\p% ;\ cXj Zfg`Xj Z\ik`]`$ ZX[Xj hl\ j\ XZfdgXÂŒXe# j\ [\j$ gi\e[\ hl\ \c [\dXe[X[f j\ÂŒfi AFJ< <;L8I;F @KLII8C;< D8P8# j\ _XccX Zfdgi\e[`[f \e cX j`klXZ`Â?e gi\jZi`kX \e \c 8ik% ,(0 [\c :Â?[`^f [\ GifZ\[`d`\ekf :`m`c# :f[`]`ZX[f# gfi cf hl\ j\ gi\jld\ jl `ejfcm\eZ`X p j\ [\ZcXiX Zfe cl^Xi Xc ZfeZlijf [\ XZi\\[fi\j% <e Zfej\Zl\eZ`X# gifZ„[Xj\ X cX fZlgXZ`Â?e p [\gÂ?j`kfj [\ jlj Y`\e\j# c`Yifj# Zfii\jgfe[\eZ`X p d}j [fZld\ekfj [\c ]Xcc`[f# cfj d`jdfj hl\ j\ \eki\^Xi}e Xc jˆe[`$ Zf [\c ZfeZlijf ;i% 8ieXc[f =`Xccfj# Zfe hl`\e j\ ZfekXi} \e cX gi\j\ek\ ZXljX% GlYcˆhl\j\ cX ]fidXZ`Â?e [\c ZfeZlijf \e lef [\ cfj [`Xi`fj [\ dXpfi Z`iZlcXZ`Â?e [\ \jkX Z`l[X[ [\ Hl`kf% FgfikleXd\ek\ j\ j\ÂŒX$ cXi} [ˆX p _fiX gXiX cX alekX [\ XZi\\[fi\j% Hl\ j\ XZldlc\ kf[fj cfj al`Z`fj j\^l`[fj \e ZfekiX [\c [\l[fi gfi fYc`^XZ`fe\j [\ [Xi f _XZ\i% I\dˆkXj\ Zfg`Xj e\Z\jXi`Xj X lef [\ cfj j\ÂŒfi\j Al\Z\j [\ cf G\eXc [\ \jkX gifm`eZ`X# gXiX cX ZXc`]`ZXZ`Â?e [\ cX `ejfcm\eZ`X% <c [\l[fi \e \c k„id`ef [\ fZ_f [ˆXj gi\j\ek\ \c YXcXeZ\ [\ jlj Y`\e\j \e ]fidX c\^Xc% :fdf \c ]Xcc`[f hl\[X \e `ek\i[`ZZ`Â?e [\ X[d`e`jkiXi jlj Y`\e\j# efk`]ˆ$ hl\j\ Xc j\ÂŒfi I\^`jkiX[fi [\ cX Gifg`\[X[ [\c ZXekÂ?e# Xjˆ Zfdf kXdY`„e X cfj >\i\ek\j [\ cfj 9XeZfj [\ cX Z`l[X[# Al\Z\j [\ cf :`m`c [\ G`Z_`eZ_X# ;`i\ZZ`Â?e [\ D`^iXZ`Â?e# Jlg\i`ek\e[\ek\ [\ 9XeZfj# Jlg\i`ek\e[\ek\ [\ :fdgXŒˆXj# :fej\af EXZ`feXc <c\ZkfiXc# ;`i\Zkfi >\e\iXc [\c I\^`jkif :`m`c# @[\ek`]`ZXZ`Â?e p :\[lcXZ`Â?e# EfkXiˆXj [\c ZXekÂ?e Hl`kf# I\^`jkif D\iZXek`c# j`e g\i$ al`Z`f [\ \jkX [\ZcXiXkfi`X# \c [\l$ [fi \e \c k„id`ef [\ ki\j [ˆXj [\ j\i c\^Xcd\ek\ Z`kX[f# gf[i} fgfe\ij\ X cX `ejfcm\eZ`X# gX^Xe[f cX [\l[X f [`d`k`\e[f Y`\e\j jXe\X[fj p jl]`Z`\ek\j% ;\ Zfe]fid`[X[ Zfe cf gi\m`jkf gfi \c 8ik% /) [\c :Â?[`^f [\ GifZ\[`d`\ekf :`m`c p Xc aliX$ d\ekf i\e[`[f gfi \c XZZ`feXek\ [\ cX `dgfj`Y`c`[X[ [\ [\k\id`eXi cX `e[`m`[lXc`[X[ f i\j`[\eZ`X# j\ [`jgfe\ Z`kXi Xc [\dXe[X[f j\ÂŒfi Afj„ <[lXi[f @kliiXc[\ DXpX# gfi cX gi\ejX \e lef [\ cfj [`Xi`fj [\ dXpfi Z`iZlcXZ`Â?e hl\ j\ \[`kX \e \jkX Z`l[X[ [\ Hl`kf% 8^i„^l\ej\ Xc gifZ\jf cfj [fZld\ekfj hl\ j\ XZfdgXÂŒXe% K„e^Xj\ \e Zl\ekX \c ZXj`cc\if al[`Z`Xc j\ÂŒXcX[f gfi \c ZfdgXi\Z`\ek\%$ EFK@=@HL<J<% = ;I% I8LC D8I@zF ?<IEĂ?E;<Q AL<Q% Cf hl\ Zfdle`Zf X ljk\[ gXiX cfj ]`e\j [\ c\p# gi\m`e`„e[fc\ [\ cX fYc`^XZ`Â?e hl\ k`\e\ [\ j\ÂŒXcXi ZXj`cc\if al[`Z`Xc [\ekif [\c g\iˆ$ d\kif p \e cX ]fidX \jkXYc\Z`[fj \e cX c\p% ;I% D8EL<C 8DFE D<;@E8 J<:I<K8I@F ?Xp ]`idX p j\ccf 8:&.0,)+&k] <OKI8:KF AL@:@F Ef% ./$)'(($D=> ;<C@KF1 @EALI@8J 8:LJ8;FI G8IK@:LC8I1 CLG<I8 D8IK@E<Q =8LJKF IF;I@>F HL<I<CC8;F1 ALC@F :<J8I
I_ gk[h[cei kd ckdZe Z[ fWp o Z[ `kij_Y_W ^Wo gk[ fed[h Z[Y_Z_ZWc[dj[ bW _dj[b_][dY_W Wb i[hl_Y_e Z[b Wceh$ 7 D J E ? D ; C$ : ; I 7 ? D J #; N K F x H O $ KFII<J ĂˆC8 I<GL9C@:8 ;<C <:L8;FI <E JL EFD9I< P GFI 8LKFI@;8; ;< C8 C<P# C8 ;F:KFI8 ><F:FE;8 CFI<E:<J D<Q8 AL<Q8 K<I:<IF ;< >8I8EK@8J G<E8C<J ;< G@:?@E:?8 \eZXi$ ^X[X1 ALQ>8;F K<I:<IF ;< >8I8EK@8J G<E8C<J ;< G@:?@E:?8% Hl`kf# cle\j (+ [\ ]\Yi\if [\c )'((# cXj ((_(0% M@JKFJ1 <e d` ZXc`[X[ [\ Al\qX <eZXi^X[f [\ \jkX Al[`ZXkliX# XmfZf ZfefZ`d`\ekf [\ cX gi\j\ek\ ZXljX p \e cf gi`eZ`gXc1 Gfi i\le`i cfj i\hl`j`kfj [\k\id`eX[fj \e \c Xik% *.( [\c d`jdf Zl\igf c\^Xc j\ XZ\gkX Xc ki~d`k\ cX hl\i\ccX gi\j\ekX[X gfi \c ;i% =8LJKF IF;I@>F CLG<I8 D8IK@E<Q gfi \c [\c`kf [\ @EALI@8J# ki~d`k\ hl\ j\ \eZl\ekiX gi\m`jkf gXiX cfj [\c`kfj [\ XZZ`ÂŽe gi`mX[X# [\Y`\e$ [f gfi kXekf Z`kXij\ Xc XZljX[f ALC@F :<J8I KFII<J \e c\^Xc p [\Y`[X ]fidX Zfe \c c`Y\cf [\ XZljXZ`ÂŽe p \jk\ Xlkf \e \c [fd`$ Z`c`f j\ÂŒXcX[f \e cX hl\i\ccX \jkf \j \e cXj f]`Z`eXj [\ >XdX KM [\ cX 8m\e`[X <cfp 8c]Xif ,+'' p I`f :fZX [\ \jkX Z`l[X[ [\ Hl`kf # gXiX cf ZlXc i\dˆkXj\ cXj Zfg`Xj [\ c\p X cX JXcX [\ :`kXZ`fe\j [\ cX =leZ`Â?e Al[`Z`Xc X ]`e [\ hl\ gifZ\[Xe X [Xi Zldgc`d`\ekf X cf fi[\eX$ [f%$ :‰k\j\ p Efk`]‰hl\j\ ] %$ ;iX% >\fZfe[X Cfi\eZ\j D\qX# Al\qX K\iZ\iX [\ >XiXekˆXj G\eXc\j [\ G`Z_`eZ_X% ALQ>8;F K<I:<IF ;< >8I8EK@8J G<E8C<J ;< G@:?@E:?8% Hl`kf# cle\j (/ [\ XYi`c [\c )'((# cXj ('_+-%$ M@JKFJ1 <e cf gi`eZ`gXc [`jgfe^f1 ;\c i\ZfefZ`d`\ekf YXaf aliXd\ekf i\Xc`qX[f gfi gXik\ [\c XZljX[fi gXik`ZlcXi =8LJKF IF;I@>F CLG<I8 D8IK@E<Q # \e ZlXekf [\jZfefZ\ \c [fd`Z`c`f \oXZkf [\c hl\i\ccX[f ALC@F :<J8I KFII<J # \e Zfej\Zl\eZ`X [\ XZl\i[f Xc 8ik% /) [\c :Â?[`^f [\ GifZ\[`d`\ekf :`m`c# :ˆk\j\c\ Xc hl\i\ccX[f ALC@F :<J8I KFII<J# d\[`Xek\ ki\j glYc`ZXZ`Â?e \e lef [\ cfj [`Xi`fj [\ dXpfi Z`iZlcX$ Z`Â?e [\ \jkX Z`l[X[ gXiX cf ZlXc j\ XZfdgXÂŒX cX ]fkfZfg`X [\ cX i\jg\Zk`mX XZljXZ`Â?e gXik`ZlcXi%$ :@K<J< P EFK@=@HL<J<% ] %$ ;iX% >\fZfe[X Cfi\eZ\j D\qX# Al\qX K\iZ\iX [\ >XiXekˆXj G\eXc\j [\ G`Z_`eZ_X% Cf hl\ Zfdle`Zf gXiX cfj ]`e\j [\ C\p% ;I8% ><F:FE;8 CFI<E:<J D<Q8 AL<Q8 K<I:<I8 ;< >8I8EK@8J G<E8C<J ;< G@:?@E:?8% Cf hl\ Zfdle`Zf X ljk\[ gXiX cfj ]`e\j [\ C\p Zfej`^l`\ek\j# gi\m`$ e`„e[fc\ cX fYc`^XZ`Â?e hl\ k`\e\ [\ j\ÂŒXcXi ZXj`ccX al[`Z`Xc [\ekif [\ cX gi\j\ek\ ZXljX% ;I8% EFID8 I<P<J JFC8EF J<:I<K8I@8 <E:% ?Xp ]`idX p j\ccf 8:.0,('&k]
I<GL9C@:8 ;<C <:L8;FI ALQ>8;F ;<:@DF ;< CF :@M@C ;< G@:?@E:?8 <OKI8:KF AL;@:@8C :@K8:@äE AL;@:@8C 81 :<J8I AFI>< :8JKI@CCFE 8:KFI81 D8I@8E8 ;< A<JèJ G<I<Q 8CK8D@I8EF ;<D8E;8;F1 :<J8I AFI>< :8JKI@CCFE KI8D@K<1 M<I98C JLD8I@F :L8EK@81 @E;<K<ID@E8;8 =LE;8D<EKF C<>8C1 8IK% ((/ ;<C :F;@>F :@M@C 89F>8;F ;<=<EJFI1 ;I% M@:<EK< E8M8II<K<
:8J@CC8 AL;@:@8C Ef% +,-, ALQ>8;F ;<:@DF ;< CF :@M@C ;< G@:?@E:?8%$ Hl`kf# dXik\j (. [\ dXpf [\c )'((# cXj ((_(/%$ M@JKFJ%$ 8mfZf ZfefZ`d`\ekf [\ cX gi\j\ek\ ZXljX \e ZXc`[X[ [\ Al\qX K\dgfiXc [\c Alq^X[f ;„Z`df [\ cf :`m`c [\ G`Z_`eZ_X# d\[`Xek\ 8ZZ`�e [\ G\ijfeXc Ef%00/$;G$;GG [\ ]\Z_X '0 [\ dXpf [\c )'((%$ <e m`ikl[ [\c jfi$ k\f [\ c\p Zfii\jgfe[`\ek\%$ CX [\dXe[X hl\ Xek\Z\[\ \j ZcXiX p i\’e\ cfj i\hl`j`kfj [\ C\p# gfi cf hl\ [\ZcXi}e[fj\cX gifZ\[\ek\ j\ cX XZ\gkX Xc ki}d`k\ m\iYXc jldX$ i`f%$ <e d„i`kf Xc aliXd\ekf hl\ k`\e\ i\e[`[f cX j\ŒfiX DXi`XeX [\ A\j’j G„i\q 8ckXd`iXef p [\ Zfe$ ]fid`[X[ Zfe \c 8ik% /) [\c :�[`^f [\ GifZ\[`d`\ekf :`m`c# j\ fi[\eX hl\ j\ Z`k\ Xc [\dXe[X[f j\Œfi :\jXi Afi^\ :Xjki`cc�e# gXiX cfj ]`e\j c\^Xc\j g\ik`e\ek\j# d\[`Xe$ k\ ki\j glYc`ZXZ`fe\j gfi cX gi\ejX \e lef [\ cfj [`Xi`fj [\ dXpfi Z`i$ ZlcXZ`�e [\ \jkX Z`l[X[ [\ Hl`kf%$ 8c \]\Zkf i\dˆkXj\ \c \okiXZkf Zfii\jgfe[`\ek\% 8^i„^l\j\ X cfj Xlkfj cfj [fZld\ekfj hl\ XZfd$ gXŒX X cX [\dXe[X%$ K„e^Xj\ \e Zl\ekX \c ZXj`cc\if al[`Z`Xc# j\ŒXcX$ [f gXiX gfjk\i`fi\j efk`]`ZXZ`fe\j# Xjˆ Zfdf cX Xlkfi`qXZ`�e Zfe]\i`[X X jl 8Yf^X[f ;\]\ejfi%$ :ˆk\j\ p Efk`]ˆhl\j\%$ ] ;I8% D8I:@8 =CFI<J 9<E8C:8Q8I% AL<Q8 K<DGFI8C% Cf hl\ c\ Zfdle`Zf X ljk\[ p c\ Z`kf gXiX cfj ]`e\j [\ C\p g\ik`e\ek\j# gi\m`e`„e[fc\ [\ cX fYc`^XZ`�e hl\ k`\e\ \e j\ŒXcXi ZXj`cc\if al[`Z`Xc gXiX jlj ]lkliXj efk`]`ZXZ`fe\j% :\ik`]`Zf% ;i% <[^Xi ?Xif MXc\eql\cX J<:I<K8I@F ;<C ALQ>8;F ;<:@DF ;< CF :@M@C ;< G@:?@E:?8 ?Xp ]`idX p j\ccf 8:&.0.,'&k]
ALQ>8;F :L8IKF ;< CF :@M@C ;< G@:?@E:?8 :@K8:@äE AL;@:@8C 8 CFJ ?<I<;<IFJ GI<JLEKFJ# :FEF:@;FJ P ;<J:FEF:@;FJ ;<C J<zFI CL@J >FEQ8CF =I<@I< <I8QF# j\ c\j _XZ\ Zfef$ Z\i \c <OKI8:KF# [\ [\dXe[X [fe[\ J< FI;<E8 C8 8G<IKLI8 ;< C8 JL:<J@äE P C8 =8::@äE ;< @EM<EK8I@FJ ;< CFJ 9@<E<J ;<A8;FJ GFI <C :8LJ8EK< P C8 GIFM@;<E:@8 HL< 8 :FEK@EL8:@äE J@>L<1 8 8:KFI<J1 ;I% 9LI98EF GFIK@CC8 <;@JFE GIF:LI8;FI AL;@:@8C ;< C8 J<zFI8 8E><C8 ;<C :@JE< <JG@EFQ8 <JG@EFQ8 ;<D8E;8;FJ1 ?<I<;<IFJ GI<JLEKFJ :FEF:@;FJ P ;<J:FEF:@;FJ ;<C J<zFI CL@J >FEQ8CF =I<@I< <I8QF 8 JLEKF1 Hl\ gi\m`f \c ki}d`k\ g\ik`e\ek\# j\ [\ZcXi\ cX ]fidl$ cXZ`Â?e [\c `em\ekXi`f jfc\de\ [\ cfj Y`\e\j [\aX[fj gfi \c j\ÂŒfi Cl`j >feqXcf =i\`i\ <iXqf# gXiX hl\ d\[`Xek\ j\ek\eZ`X j\ XZ\gk\ \jkX [\dXe[X p j\ [\ZcXi\ XgifYX[f \c `em\ekXi`f p XmXcÂ’f [\ cfj Y`\e\j [\aX[fj gfi \c ZXljXek\% KI8D@K<1 <jg\Z`Xc%$ :L8EK@8%$ @e[\k\id`eX[X%$ =<:?8 ;< @E@:@8:@äE ;<C AL@:@F1 . [\ ]\Yi\if [\c )'((%$ ;FD@:@C@F C<>8C1 :Xj`ccX Al[`Z`Xc Ef% +,+0 ;i% :Xicfj :i`fccf%$ AL@:@F <JG<:@8C Ef% (-($)'(( 99 GIFM@;<E:@8 ALQ>8;F :L8IKF ;< CF :@M@C ;< G@:?@E:?8%$ Hl`kf# d`„iZfc\j *' [\ dXiqf [\c )'((# cXj ((_,+%$
M`jkfj1 CX Zfdg\k\eZ`X [\ \jkX ZXljX# j\ _X iX[`ZX[f \e \jkX Al[`ZXkliX d\[`Xek\ \c jfik\f i\j$ g\Zk`mf# gfi cf kXekf XmfZf Zfef$ Z`d`\ekf [\ cX gi\j\ek\ ZXljX# \e d` ZXc`[X[ [\ Al\q <eZXi^X[f [\ \jkX Al[`ZXkliX# d\[`Xek\ 8ZZ`�e [\ G\ijfeXc Ef% -'+ $;G$;GG$ [\ )) dXiqf [\c )'((% <e cf gi`eZ`gXc# cX [\dXe[X gi\j\ekX[X \j ZcXiX# gi\Z`jX p i\’e\ cfj i\hl`j`kfj [\ C\p# \e Zfej\Zl\eZ`X# [\ XZl\i[f X cfj Z\ik`]`ZX[fj [\ ;\]leZ`�e [\1 CL@J >FEQ8CF =I<@I8 <I8QF# hl\ XZi\[`kX \e [\i\Z_f# cX dl\ik\ [\c d`jdf# j\ fi[\eX cX Xg\ikliX [\ cX jlZ\j`�e p cX ]XZZ`�e [\ `em\e$ kXi`fj [\ cfj Y`\e\j [\aX[fj gfi \c ZXljXek\% :ˆk\j\ X cXj [\dXe[X$ [Xj j\ŒfiXj 8D8E;8 <C@Q89<K? ;< C8 IFJ8 >FEQ8C<J p A8QD@E 8GFCFE@8 C@K8I;F KIFP8 \e \c cl^Xi `e[`ZX[f gXiX \c \]\Zkf% <e d„i`kf Xc aliXd\ekf i\e[`[f Zˆk\Z\ X cfj ?<I<;<IFJ GI<JLEKFJ P ;<J:FEF:@;FJ ;<C HL< <E M@;8 =L< CL@J >FEQ8CF =I<@I8 <I8QF [\ Zfe]fid`[X[ X cf [`j$ gl\jkf gfi \c 8ik% /) [\c :�[`^f [\ GifZ\[`d`\ekf :`m`c# gfi cX gi\ejX# \e lef [\ cfj g\i`�[`Zfj [\ dXpfi Z`iZlcXZ`�e p hl\ j\ \[`kXe \e \jkX Z`l[X[ [\ Hl`kf%$ :l„ek\j\ Zfe \c J\im`Z`f [\ I\ekXj @ek\ieXj%$ 8^i„^l\j\ cX [fZld\ekXZ`�e XZfdgXŒX[X% K„e^Xj\ \e Zl\e$ kX \c [fd`Z`c`f al[`Z`Xc j\ŒXcX[f% Efk`]ˆhl\j\% ;I% N@CD<I 8D9IFJJ@ IF9C<J AL<Q <E:8I>8;F Cf hl\ gfe^f \e jl ZfefZ`d`\ekf gXiX cfj ]`e\j [\ C\p# X[m`ik`„e[f$ c\ [\ cX fYc`^XZ`�e hl\ k`\e\ [\ j\ŒXcXi ZXj`ccX al[`Z`Xc [\c GXcXZ`f [\ Aljk`Z`X [\ \jkX Z`l[X[ [\ Hl`kf# gXiX i\Z`Y`i ]lkliXj efk`]`$ ZXZ`fe\j% C:;F% CL@J 98I8?FE8 DFI<EF% J<:I<K8I@F < ?Xp ]`idX p j\ccf 8:&.0/+.&k]
<OKI8:KF 8:KFI1 @E>% ;8IN@E J8EK@8>F <I8QF ;<D8E;8;81 DFE@:8 M@M@8E8 9FIA8 E8I8EAF AL@:@F1 M\iYXc JldXi`f Ef% *0($ )'(( 8> =LE;8D<EKF C<>8C1 8ik% *' c`k\iXc X C\p [\ @ehl`c`eXkf :L8EK@81 )%(''#ff [�cXi\j Xd\$ i`ZXefj 89F>8;F1 ;i% <[`jfe :X[\eX :8J@CC<IF Ef% ,), GIFM@;<E:@81 8lkf [\ ZXc`]`ZX$ Z`�e ALQ>8;F K<I:<IF ;< @EHL@C@E8KF P I<C8:@FE<J M<:@E8C<J ;< G@:?@E:?8%$ Hl`kf# m`\ie\j )0 [\ XYi`c [\c )'((# cXj ('_'-%$ M@JKFJ 1 <e m`jkX hl\ \c XZkfi _X [X[f Zldgc`d`\ekf X cf fi[\eX[f \e cX ’ck`dX gif$ m`[\eZ`X# cX gi\j\ek\ ZXljX j\ c\ X[d`k\ X ki}d`k\ \e al`Z`f m\iYXc jldXi`f%$ Gfi kXc :@K<J< Zfe cX [\dXe[X p gifm`[\eZ`X i\ZXˆ[X# X cX [\dXe[X[X DFE@:8 M@M@8E8 9FIA8 E8I8EAF# d\[`Xek\ ki\j glYc`ZXZ`fe\j gfi cX gi\ejX# Zfe$ ]fid\ cf [`jgfe\ \c 8ik% /) [\c Z�[`^f [\ GifZ\[`d`\ekf :`m`c%$ 8^i„^l\j\ X cfj Xlkfj cfj [fZl$ d\ekfj XZfdgXŒX[fj%$ K�d\j\ \e Zl\ekX \c ZXj`cc\if al[`Z`Xc j\ŒXcX[f# p cX Xlkfi`qXZ`�e [X[X Xc XYf^X[f [\]\ejfi%$ Efk`]ˆhl\j\% ] ;I8% 9<IK?8 M@K<I@ =@8CCFJ%$ AL<Q8 Cf hl\ gfe^f \e jl ZfefZ`d`\ekf gXiX cfj ]`e\j Zfej`^l`\ek\j% C\ gi\m\e^f [\ cX fYc`^XZ`�e [\ j\ŒX$ cXi [fd`Z`c`f c\^Xc [\ekif [\c g\iˆ$ d\kif liYXef Zfe]fid\ X cX C\p% 8k\ekXd\ek\% CZ[X% Dpi`Xd =l\ek\j J\Zi\kXi`X \ ALQ>8;F K<I:<IF ;< @EHL@C@E8KF ?Xp le j\ccf 8%:%&.0,') <OKI8:KF AL;@:@8C 8:KFI1 M@:KFI 8D8;<F ;8C>F P8E<Q ;<D8E;8;F1 G8LC :?@9@QFM
! ! 9
& 5" " /1.$&%&1 "+ /"(. %& &5.+4$*<- %& /.13&2 &+ 04& &- 5*%" '4& 6 8 #.2 4"3"/* *,"1" .1(& +;"2 4*&-&2 2& $1&7&1&- $.- %&1&$). " &23& #&-&=$*. /.%1:- "$&1$"1 2& " /1&2&-3"1 &+ 1&$+",. 1&2/&$3*5. &- &+ &15*$*. %& &2"-3;" %& +" .+*$;" "$*.-"+ &- 4*3. &- &+ 31"-2$412. %& " $.-3"12& %& +" /1&2&-3& /4#+*$"$*<-
!
=LE;8D<EKF C<>8C1 8ik% *' c`k\iXc X C\p [\ @ehl`c`eXkf AL@:@F1 M<I98C JLD8I@F Ef% +--$)'(($:: ALQ>8;F GI@D<IF ;< @EHL@C@E8KF P I<C8:@FE<J M<:@E8C<J ;< G@:?@E:?8%$ Hl`kf# cle\j *' [\ dXpf [\c )'((# cXj (,_,(%$ M@JKFJ1 8mfZf Zfef$ Z`d`\ekf [\ cX gi\j\ek\ ZXljX \e m`ikl[ [\c jfik\f i\Xc`qX[f# leX m\q hl\ cX gXik\ XZkfiX _X [X[f Zldgc`d`\ekf Zfe cf [`jgl\jkf \e gifm`[\eZ`X Xek\i`fi# cX [\dXe[X hl\ Xek\Z\[\ \j ZcXiX# gi\Z`jX p i\’e\ cfj i\hl`j`kfj [\ c\p# XZ\g$ k}e[fcX X ki}d`k\ \e al`Z`f m\iYXc jldXi`f# \e Zfej\Zl\eZ`X :@K<J<1 Xc [\dXe[X[f j\Œfi G8LC :?@9@QFM# \e lef [\ cfj [`Xi`fj [\ dXpfi Z`iZlcXZ`�e [\ \jkX Z`l[X[ [\ Hl`kf# [\ Zfe]fid`[X[ X cf hl\ [`jgfe\ \c 8ik% /) [\c :�[`^f [\ GifZ\[`d`\ekf :`m`c% 8^i„^l\j\ Xc gifZ\jf cfj [fZld\ekfj gi\j\ekX$ [fj p k�d\j\ \e Zl\ekX cX ZlXekˆX p \c ZXj`cc\if al[`Z`Xc j\ŒXcX[f gfi \c XZkfi# gXiX jlj efk`]`ZXZ`f$ e\j%$ Efk`]ˆhl\j\%$ ] ;iX% JljXeX MXcc\af 9fcXŒfj# Al\q Gi`d\if [\ @ehl`c`eXkf j`^l\ cX efk`]`ZXZ`�e % Cf hl\ gfe^f \e jl ZfefZ`d`\ekf gXiX cfj ]`e\j [\ C\p% Gi\m`e`„e[fc\ [\ cX fYc`^XZ`�e hl\ k`\e\ [\ j\ŒX$ cXi ZXj`cc\if al[`Z`Xc gXiX jlj efk`]`$ ZXZ`fe\j% CF :<IK@=@:F% ;I% ?L>F M@K<I@ GFC@K J<:I<K8I@F ?Xp ]`idX p j\ccf 8:&((',/&k]
EFK8I@8 J<GK@D8 ;<C :8EKFE HL@KF 8M@JF 8C GL9C@:F ;\ Zfe]fid`[X[ Zfe cf [`jgl\jkf \e \c Ef% )* [\c 8ik% (/ [\ ((* C\p EfkXi`Xc# Zfdle`Zf Xc g’Yc`Zf hl\ Zfe ]\Z_X )' [\ XYi`c [\ )'((2 cfj Ji\j% DXi`f GXki`Z`f I\ea`]f ;}mXcfj p =Xeep 8c`Z`X G}\q A`d„e\q# _Xe gifZ\[`[f X jljZi`$ Y`i cX \jZi`kliX [\ C`hl`[XZ`�e [\ cX JfZ`\[X[ :fepl^Xc [\ cX j`^l`\ek\ ]fidX1 8c j\Œfi D8I@F G8KI@:@F I<EA@=F ;8M8CFJ# gfi jl _XY\i \e cX jfZ`\[X[ Zfepl^Xc j\ c\ \eki\^X \c m\`ek`Z`eZf gfi Z`\ekf [\ [\i\Z_fj p XZZ`fe\j ]`eZX[fj \e \c cfk\ [\ k\ii\ef lY`ZX[f \e \c j\Zkfi Hl`ekXeX# YXii`f 8dX^Xjˆ# gXiifhl`X CcXef :_`Zf [\ \jk\ ZXe$ k�e# [\ leX jlg\i]`Z`\ [\ ,-+#,' ie)%# gfi le mXcfi [\ LJ (*%-)*2 \c X[al[`ZXkXi`f gXjX X j\i gif$ g`\kXi`f [\c ,' [\ [`Z_f `edl\$ Yc\%$ 8 cX j\ŒfiX =8EEP 8C@:@8 G8<Q A@D<E<Q# gfi jl _XY\i \e cX jfZ`\[X[ Zfepl^Xc j\ c\ \eki\^X cX ZXek`[X[ [\ LJ (*%-)*% CX ZlXekˆX [\ cX \jZi`kliX \j [\ LJ ).%)+-% CXj g\ijfeXj hl\ Zfej`[\i\e k\e\i [\i\Z_f X fgfe\ij\ X \jkX c`hl`$ [XZ`�e# [\Y\i}e dXe`]\jkXicf gfi \jZi`kf# \e le gcXqf ef dXpfi X )' [ˆXj ZfekX[fj [\j[\ \jkX ]\Z_X# \e cXj f]`Z`eXj [\ cX EfkXi`X# lY`ZX[Xj \e cX 8m% J\`j [\ ;`Z`\dYi\ Ef% (*+
p Jf[`if [\ \jkX Z`l[X[% Hl`kf# XYi`c )' [\c )%'(( ;i% Cl`j MXi^Xj ?`efjkifqX EfkXi`f J„gk`df [\ Hl`kf% ?Xp le j\ccf 8%:%.00,(&k]
8ELC8:@FE<J
BANCO INTERNACIONAL Gfi _XY\ij\ g\i[`[f cX C`Yi\kX [\ 8_fiifj [\ cX Zl\ekX Ef% -,''/*,*/. [\c 9XeZf @ek\ieXZ`feXc J%8%# j\ \jk} gif$ Z\[`\e[f X jl XelcXZ`�e% Hl`\e Zi\p\i\ k\e\i [\i\Z_f jfYi\ \jkX c`Yi\kX# [\Y\i} gi\j\ekXi jl i\ZcX$ df Xc 9XeZf# [\ekif [\ cfj () [ˆXj# ZfekX[fj [\j[\ cX ’ck`dX glYc`ZX$ Z`�e [\ \jk\ Xm`jf% 8:& ( d^ 4444444 Gfi _XY\ij\ g\i[`[f cX C`Yi\kX [\ 8_fiifj [\ cX Zl\ekX Ef% '+('.)/(', [\c 9XeZf @ek\ieXZ`feXc J%8%# j\ \jk} gif$ Z\[`\e[f X jl XelcXZ`�e% Hl`\e Zi\p\i\ k\e\i [\i\Z_f jfYi\ \jkX c`Yi\kX# [\Y\i} gi\j\ekXi jl i\ZcX$ df Xc 9XeZf# [\ekif [\ cfj () [ˆXj# ZfekX[fj [\j[\ cX ’ck`dX glYc`ZX$ Z`�e [\ \jk\ Xm`jf% 8:& ) d^ 4444444 Gfi _XY\ij\ g\i[`[f cX C`Yi\kX [\ 8_fiifj [\ cX Zl\ekX Ef% ,''.,(-,. [\c 9XeZf @ek\ieXZ`feXc J%8%# j\ \jk} gifZ\[`\e[f X jl XelcXZ`�e% Hl`\e Zi\p\i\ k\e\i [\i\Z_f jfYi\ \jkX c`Yi\kX# [\Y\i} gi\j\ekXi jl i\ZcXdf Xc 9XeZf# [\ekif [\ cfj () [ˆXj# ZfekX[fj [\j[\ cX ’ck`dX glYc`ZXZ`�e [\ \jk\ Xm`jf% 8:& * d^ 4444444 Gfi _XY\ij\ g\i[`[f cX C`Yi\kX [\ 8_fiifj [\ cX Zl\ekX Ef% */'.-*,,* [\c 9XeZf @ek\ieXZ`feXc J%8%# j\ \jk} gifZ\[`\e[f X jl XelcXZ`�e% Hl`\e Zi\p\i\ k\e\i [\i\Z_f jfYi\ \jkX c`Yi\kX# [\Y\i} gi\j\ekXi jl i\ZcXdf Xc 9XeZf# [\ekif [\ cfj () [ˆXj# ZfekX[fj [\j[\ cX ’ck`dX glYc`ZXZ`�e [\ \jk\ Xm`jf% 8:& + d^ 4444444 Gfi _XY\ij\ g\i[`[f cX C`Yi\kX [\ 8_fiifj [\ cX Zl\ekX Ef% */'.-*)/- [\c 9XeZf @ek\ieXZ`feXc J%8%# j\ \jk} gifZ\[`\e[f X jl XelcXZ`�e% Hl`\e Zi\p\i\ k\e\i [\i\Z_f jfYi\ \jkX c`Yi\kX# [\Y\i} gi\j\ekXi jl i\ZcXdf Xc 9XeZf# [\ekif [\ cfj () [ˆXj# ZfekX[fj [\j[\ cX ’ck`dX glYc`ZXZ`�e [\ \jk\ Xm`jf% 8:& , d^ 4444444 Gfi _XY\ij\ g\i[`[f cX C`Yi\kX [\ 8_fiifj [\ cX Zl\ekX Ef% */'.0(,+0 [\c 9XeZf @ek\ieXZ`feXc J%8%# j\
CONVOCATORIA A JUNTA GENERAL ORDINARIA DE ACCIONISTAS DE EL PAN FRANCES S.A. De conformidad con las disposiciones Estatutarias y de la Ley de CompaĂąĂas, convocase a los seĂąores accionistas de EL PAN FRANCES S.A. a la Junta General Ordinaria, la misma que se instalarĂĄ el dĂa Jueves 16 de Junio del 2011 a las 11H00 horas en las oficinas situadas en la Calle RamĂrez DĂĄvalos Oe1-111 y 10 de Agosto piso 2 de la ciudad de Quito. Esta convocatoria se hace extensiva al Sr. CĂŠsar VĂĄsconez Flores Comisario de la CompaĂąĂa, el cual ha sido convocado personal e individualmente. Los puntos a tratarse son los siguientes: 1. Conocer y resolver el informe que presentarĂĄ el Gerente por el ejercicio 2010. 2. Conocer y resolver sobre el informe que presentarĂĄ el Comisario por el ejercicio 2010. 3. Conocer y resolver sobre los Balances General, Estado de PĂŠrdidas y Ganancias y demĂĄs anexos del ejercicio 2010. 4. Resolver el destino de los beneficios sociales. 5. Nombramiento de Comisario. 6. Nombramiento de Directores Principales y Suplentes. 7. Varios. Los documentos que serĂĄn conocidos por la Junta General se encuentran a disposiciĂłn de los seĂąores accionistas, en las oficinas de la CompaĂąĂa ubicadas en la RamĂrez DĂĄvalos Oe1-111 y 10 de Agosto. Presidente Javier Guerrero Lenthall. AC/11092(1)
\jk} gifZ\[`\e[f X jl XelcXZ`�e% Hl`\e Zi\p\i\ k\e\i [\i\Z_f jfYi\ \jkX c`Yi\kX# [\Y\i} gi\j\ekXi jl i\ZcXdf Xc 9XeZf# [\ekif [\ cfj () [ˆXj# ZfekX[fj [\j[\ cX ’ck`dX glYc`ZXZ`�e [\ \jk\ Xm`jf% 8:& - d^ 4444444 Gfi _XY\ij\ g\i[`[f cX C`Yi\kX [\ 8_fiifj [\ cX Zl\ekX Ef% '/''/((*+) [\c 9XeZf @ek\ieXZ`feXc J%8%# j\ \jk} gifZ\[`\e[f X jl XelcXZ`�e% Hl`\e Zi\p\i\ k\e\i [\i\Z_f jfYi\ \jkX c`Yi\kX# [\Y\i} gi\j\ekXi jl i\ZcXdf Xc 9XeZf# [\ekif [\ cfj () [ˆXj# ZfekX[fj [\j[\ cX ’ck`dX glYc`ZXZ`�e [\ \jk\ Xm`jf% 8:& . d^ 4444444 Gfi _XY\ij\ g\i[`[f cX C`Yi\kX [\ 8_fiifj [\ cX Zl\ekX Ef% *''.'0/00 [\c 9XeZf @ek\ieXZ`feXc J%8%# j\ \jk} gif$ Z\[`\e[f X jl XelcXZ`�e% Hl`\e Zi\p\i\ k\e\i [\i\Z_f jfYi\ \jkX c`Yi\kX# [\Y\i} gi\j\ekXi jl i\ZcX$ df Xc 9XeZf# [\ekif [\ cfj () [ˆXj# ZfekX[fj [\j[\ cX ’ck`dX glYc`ZX$ Z`�e [\ \jk\ Xm`jf% 8:& / d^ 4444444 Gfi _XY\ij\ g\i[`[f cX C`Yi\kX [\ 8_fiifj [\ cX Zl\ekX Ef% '-''.,(//' [\c 9XeZf @ek\ieXZ`feXc J%8%# j\ \jk} gif$ Z\[`\e[f X jl XelcXZ`�e% Hl`\e Zi\p\i\ k\e\i [\i\Z_f jfYi\ \jkX c`Yi\kX# [\Y\i} gi\j\ekXi jl i\ZcX$ df Xc 9XeZf# [\ekif [\ cfj () [ˆXj# ZfekX[fj [\j[\ cX ’ck`dX glYc`ZX$ Z`�e [\ \jk\ Xm`jf% 8:& 0 d^ 4444444 Gfi _XY\ij\ g\i[`[f cX C`Yi\kX [\ 8_fiifj [\ cX Zl\ekX Ef% +,'.,.(+, [\c 9XeZf @ek\ieXZ`feXc J%8%# j\ \jk} gifZ\[`\e[f X jl XelcXZ`�e% Hl`\e Zi\p\i\ k\e\i [\i\Z_f jfYi\ \jkX c`Yi\kX# [\Y\i} gi\j\ekXi jl i\ZcXdf Xc 9XeZf# [\ekif [\ cfj () [ˆXj# ZfekX[fj [\j[\ cX ’ck`dX glYc`ZXZ`�e [\ \jk\ Xm`jf% 8:& (' d^ 4444444 Gfi _XY\ij\ g\i[`[f cX C`Yi\kX [\ 8_fiifj [\ cX Zl\ekX Ef% 0/''.-'/(, [\c 9XeZf @ek\ieXZ`feXc J%8%# j\ \jk} gif$ Z\[`\e[f X jl XelcXZ`�e% Hl`\e Zi\p\i\ k\e\i [\i\Z_f jfYi\ \jkX c`Yi\kX# [\Y\i} gi\j\ekXi jl i\ZcX$ df Xc 9XeZf# [\ekif [\ cfj () [ˆXj# ZfekX[fj [\j[\ cX ’ck`dX glYc`ZX$ Z`�e [\ \jk\ Xm`jf% 8:& (( d^ 4444444 Gfi _XY\ij\ g\i[`[f cX C`Yi\kX [\ 8_fiifj [\ cX Zl\ekX Ef% 0'0*)0 [\c 9XeZf @ek\ieXZ`feXc J%8%# j\ \jk} gifZ\[`\e[f X jl XelcXZ`�e% Hl`\e Zi\p\i\ k\e\i [\i\Z_f jfYi\ \jkX c`Yi\kX# [\Y\i} gi\j\ekXi jl i\ZcXdf Xc 9XeZf# [\ekif [\ cfj () [ˆXj# ZfekX[fj [\j[\ cX ’ck`dX glYc`ZXZ`�e [\ \jk\ Xm`jf% 8:& () d^ 4444444 Gfi _XY\ij\ g\i[`[f cX C`Yi\kX [\ 8_fiifj [\ cX Zl\ekX Ef% *-'.),-)* [\c 9XeZf @ek\ieXZ`feXc J%8%# j\ \jk} gifZ\[`\e[f X jl XelcXZ`�e% Hl`\e Zi\p\i\ k\e\i [\i\Z_f jfYi\ \jkX c`Yi\kX# [\Y\i} gi\j\ekXi jl i\ZcXdf Xc 9XeZf# [\ekif [\ cfj () [ˆXj# ZfekX[fj [\j[\ cX ’ck`dX glYc`ZXZ`�e [\ \jk\ Xm`jf% 8:& (* d^ 4444444 Gfi _XY\ij\ g\i[`[f cX C`Yi\kX [\ 8_fiifj [\ cX Zl\ekX Ef% +*'..'0.' [\c 9XeZf @ek\ieXZ`feXc J%8%# j\ \jk} gif$ Z\[`\e[f X jl XelcXZ`�e% Hl`\e Zi\p\i\ k\e\i [\i\Z_f jfYi\ \jkX c`Yi\kX# [\Y\i} gi\j\ekXi jl i\ZcX$ df Xc 9XeZf# [\ekif [\ cfj () [ˆXj# ZfekX[fj [\j[\ cX ’ck`dX glYc`ZX$ Z`�e [\ \jk\ Xm`jf% 8:& (+ d^ 4444444 Gfi _XY\ij\ g\i[`[f cX C`Yi\kX [\ 8_fiifj [\ cX Zl\ekX Ef% (')(('/ [\c 9XeZf @ek\ieXZ`feXc J%8%# j\ \jk} gifZ\[`\e[f X jl XelcXZ`�e% Hl`\e Zi\p\i\ k\e\i [\i\Z_f jfYi\ \jkX c`Yi\kX# [\Y\i} gi\j\ekXi jl i\ZcXdf Xc 9XeZf# [\ekif [\ cfj () [ˆXj# ZfekX[fj [\j[\ cX ’ck`dX glYc`ZXZ`�e [\ \jk\ Xm`jf% 8:& (, d^ 4444444 Gfi _XY\ij\ g\i[`[f cX C`Yi\kX [\ 8_fiifj [\ cX Zl\ekX Ef% -)'.)0/*/ [\c 9XeZf @ek\ieXZ`feXc J%8%# j\ \jk} gif$ Z\[`\e[f X jl XelcXZ`�e% Hl`\e Zi\p\i\ k\e\i [\i\Z_f jfYi\ \jkX c`Yi\kX# [\Y\i} gi\j\ekXi jl i\ZcX$ df Xc 9XeZf# [\ekif [\ cfj () [ˆXj# ZfekX[fj [\j[\ cX ’ck`dX glYc`ZX$ Z`�e [\ \jk\ Xm`jf% 8:& (- d^ 4444444 Gfi _XY\ij\ g\i[`[f cX C`Yi\kX [\ 8_fiifj [\ cX Zl\ekX Ef% '-('/'/,/( [\c 9XeZf @ek\ieXZ`feXc J%8%# j\ \jk} gif$ Z\[`\e[f X jl XelcXZ`�e% Hl`\e Zi\p\i\ k\e\i [\i\Z_f jfYi\ \jkX c`Yi\kX# [\Y\i} gi\j\ekXi jl i\ZcX$ df Xc 9XeZf# [\ekif [\ cfj () [ˆXj# ZfekX[fj [\j[\ cX ’ck`dX glYc`ZX$ Z`�e [\ \jk\ Xm`jf%
8:& (. d^ 4444444 Gfi _XY\ij\ g\i[`[f cX C`Yi\kX [\ 8_fiifj [\ cX Zl\ekX Ef% /''/))-+- [\c 9XeZf @ek\ieXZ`feXc J%8%# j\ \jk} gif$ Z\[`\e[f X jl XelcXZ`�e% Hl`\e Zi\p\i\ k\e\i [\i\Z_f jfYi\ \jkX c`Yi\kX# [\Y\i} gi\j\ekXi jl i\ZcX$ df Xc 9XeZf# [\ekif [\ cfj () [ˆXj# ZfekX[fj [\j[\ cX ’ck`dX glYc`ZX$ Z`�e [\ \jk\ Xm`jf% 8:& (/ d^ 4444444 Gfi _XY\ij\ g\i[`[f cX C`Yi\kX [\ 8_fiifj [\ cX Zl\ekX Ef% 0''.-.,). [\c 9XeZf @ek\ieXZ`feXc J%8%# j\ \jk} gifZ\[`\e[f X jl XelcXZ`�e% Hl`\e Zi\p\i\ k\e\i [\i\Z_f jfYi\ \jkX c`Yi\kX# [\Y\i} gi\j\ekXi jl i\ZcXdf Xc 9XeZf# [\ekif [\ cfj () [ˆXj# ZfekX[fj [\j[\ cX ’ck`dX glYc`ZXZ`�e [\ \jk\ Xm`jf% 8:& (0 d^ 4444444 Gfi _XY\ij\ g\i[`[f cX C`Yi\kX [\ 8_fiifj [\ cX Zl\ekX Ef% (('.,+'.) [\c 9XeZf @ek\ieXZ`feXc J%8%# j\ \jk} gifZ\[`\e[f X jl XelcXZ`�e% Hl`\e Zi\p\i\ k\e\i [\i\Z_f jfYi\ \jkX c`Yi\kX# [\Y\i} gi\j\ekXi jl i\ZcXdf Xc 9XeZf# [\ekif [\ cfj () [ˆXj# ZfekX[fj [\j[\ cX ’ck`dX glYc`ZXZ`�e [\ \jk\ Xm`jf% 8:& )' d^ 4444444 Gfi _XY\ij\ g\i[`[f cX C`Yi\kX [\ 8_fiifj [\ cX Zl\ekX Ef% /''./,+(, [\c 9XeZf @ek\ieXZ`feXc J%8%# j\ \jk} gifZ\[`\e[f X jl XelcXZ`�e% Hl`\e Zi\p\i\ k\e\i [\i\Z_f jfYi\ \jkX c`Yi\kX# [\Y\i} gi\j\ekXi jl i\ZcXdf Xc 9XeZf# [\ekif [\ cfj () [ˆXj# ZfekX[fj [\j[\ cX ’ck`dX glYc`ZXZ`�e [\ \jk\ Xm`jf% 8:& )( d^ 4444444 Gfi _XY\ij\ g\i[`[f cX C`Yi\kX [\ 8_fiifj [\ cX Zl\ekX Ef% -*'.()*-/ [\c 9XeZf @ek\ieXZ`feXc J%8%# j\ \jk} gifZ\[`\e[f X jl XelcXZ`�e% Hl`\e Zi\p\i\ k\e\i [\i\Z_f jfYi\ \jkX c`Yi\kX# [\Y\i} gi\j\ekXi jl i\ZcXdf Xc 9XeZf# [\ekif [\ cfj () [ˆXj# ZfekX[fj [\j[\ cX ’ck`dX glYc`ZXZ`�e [\ \jk\ Xm`jf% 8:& )) d^ 4444444 Gfi _XY\ij\ g\i[`[f cX C`Yi\kX [\ 8_fiifj [\ cX Zl\ekX Ef% '-''.*--)/ [\c 9XeZf @ek\ieXZ`feXc J%8%# j\ \jk} gif$ Z\[`\e[f X jl XelcXZ`�e% Hl`\e Zi\p\i\ k\e\i [\i\Z_f jfYi\ \jkX c`Yi\kX# [\Y\i} gi\j\ekXi jl i\ZcX$ df Xc 9XeZf# [\ekif [\ cfj () [ˆXj# ZfekX[fj [\j[\ cX ’ck`dX glYc`ZX$ Z`�e [\ \jk\ Xm`jf% 8:& )* d^ 4444444 Gfi _XY\ij\ g\i[`[f cX C`Yi\kX [\ 8_fiifj [\ cX Zl\ekX Ef% +''.0/0-0 [\c 9XeZf @ek\ieXZ`feXc J%8%# j\ \jk} gif$ Z\[`\e[f X jl XelcXZ`�e% Hl`\e Zi\p\i\ k\e\i [\i\Z_f jfYi\ \jkX c`Yi\kX# [\Y\i} gi\j\ekXi jl i\ZcX$ df Xc 9XeZf# [\ekif [\ cfj () [ˆXj# ZfekX[fj [\j[\ cX ’ck`dX glYc`ZX$ Z`�e [\ \jk\ Xm`jf% 8:& )+ d^ 4444444 Gfi _XY\ij\ g\i[`[f cX C`Yi\kX [\ 8_fiifj [\ cX Zl\ekX Ef% ,''.+''*, [\c 9XeZf @ek\ieXZ`feXc J%8%# j\ \jk} gif$ Z\[`\e[f X jl XelcXZ`�e% Hl`\e Zi\p\i\ k\e\i [\i\Z_f jfYi\ \jkX c`Yi\kX# [\Y\i} gi\j\ekXi jl i\ZcX$ df Xc 9XeZf# [\ekif [\ cfj () [ˆXj# ZfekX[fj [\j[\ cX ’ck`dX glYc`ZX$ Z`�e [\ \jk\ Xm`jf% 8:& ), d^ 4444444 Gfi _XY\ij\ g\i[`[f cX C`Yi\kX [\ 8_fiifj [\ cX Zl\ekX Ef% +,'.)'0)- [\c 9XeZf @ek\ieXZ`feXc J%8%# j\ \jk} gif$ Z\[`\e[f X jl XelcXZ`�e% Hl`\e Zi\p\i\ k\e\i [\i\Z_f jfYi\ \jkX c`Yi\kX# [\Y\i} gi\j\ekXi jl i\ZcX$ df Xc 9XeZf# [\ekif [\ cfj () [ˆXj# ZfekX[fj [\j[\ cX ’ck`dX glYc`ZX$ Z`�e [\ \jk\ Xm`jf% 8:& )- d^ 4444444 Gfi _XY\ij\ g\i[`[f cX C`Yi\kX [\ 8_fiifj [\ cX Zl\ekX Ef% ,''.,,.-/ [\c 9XeZf @ek\ieXZ`feXc J%8%# j\ \jk} gifZ\[`\e[f X jl XelcXZ`�e% Hl`\e Zi\p\i\ k\e\i [\i\Z_f jfYi\ \jkX c`Yi\kX# [\Y\i} gi\j\ekXi jl i\ZcXdf Xc 9XeZf# [\ekif [\ cfj () [ˆXj# ZfekX[fj [\j[\ cX ’ck`dX glYc`ZXZ`�e [\ \jk\ Xm`jf% 8:& ). d^ 4444444 Gfi _XY\ij\ g\i[`[f cX C`Yi\kX [\ 8_fiifj [\ cX Zl\ekX Ef% ,''/'**+- [\c 9XeZf @ek\ieXZ`feXc J%8%# j\ \jk} gif$ Z\[`\e[f X jl XelcXZ`�e% Hl`\e Zi\p\i\ k\e\i [\i\Z_f jfYi\ \jkX c`Yi\kX# [\Y\i} gi\j\ekXi jl i\ZcX$ df Xc 9XeZf# [\ekif [\ cfj () [ˆXj# ZfekX[fj [\j[\ cX ’ck`dX glYc`ZX$ Z`�e [\ \jk\ Xm`jf% 8:& )/ d^ 4444444 Gfi _XY\ij\ g\i[`[f cX C`Yi\kX [\ 8_fiifj [\ cX Zl\ekX Ef% '-)'.+00- [\c 9XeZf @ek\ieXZ`feXc J%8%# j\ \jk} gif$ Z\[`\e[f X jl XelcXZ`�e% Hl`\e
Zi\p\i\ k\e\i [\i\Z_f jfYi\ \jkX c`Yi\kX# [\Y\i} gi\j\ekXi jl i\ZcX$ df Xc 9XeZf# [\ekif [\ cfj () [ˆXj# ZfekX[fj [\j[\ cX ’ck`dX glYc`ZX$ Z`�e [\ \jk\ Xm`jf% 8:& )0 d^ 4444444 Gfi _XY\ij\ g\i[`[f cX C`Yi\kX [\ 8_fiifj [\ cX Zl\ekX Ef% '(''.0+.(+ [\c 9XeZf @ek\ieXZ`feXc J%8%# j\ \jk} gif$ Z\[`\e[f X jl XelcXZ`�e% Hl`\e Zi\p\i\ k\e\i [\i\Z_f jfYi\ \jkX c`Yi\kX# [\Y\i} gi\j\ekXi jl i\ZcX$ df Xc 9XeZf# [\ekif [\ cfj () [ˆXj# ZfekX[fj [\j[\ cX ’ck`dX glYc`ZX$ Z`�e [\ \jk\ Xm`jf% 8:& *' d^ 4444444 Gfi _XY\ij\ g\i[`[f cX C`Yi\kX [\ 8_fiifj [\ cX Zl\ekX Ef% ,''/''+.0 [\c 9XeZf @ek\ieXZ`feXc J%8%# j\ \jk} gif$ Z\[`\e[f X jl XelcXZ`�e% Hl`\e Zi\p\i\ k\e\i [\i\Z_f jfYi\ \jkX c`Yi\kX# [\Y\i} gi\j\ekXi jl i\ZcX$ df Xc 9XeZf# [\ekif [\ cfj () [ˆXj# ZfekX[fj [\j[\ cX ’ck`dX glYc`ZX$ Z`�e [\ \jk\ Xm`jf% 8:& *( d^ 4444444 Gfi _XY\ij\ g\i[`[f cX C`Yi\kX [\ 8_fiifj [\ cX Zl\ekX Ef% '''))))-). [\c 9XeZf @ek\ieXZ`feXc J%8%# j\ \jk} gif$ Z\[`\e[f X jl XelcXZ`�e% Hl`\e Zi\p\i\ k\e\i [\i\Z_f jfYi\ \jkX c`Yi\kX# [\Y\i} gi\j\ekXi jl i\ZcX$ df Xc 9XeZf# [\ekif [\ cfj () [ˆXj# ZfekX[fj [\j[\ cX ’ck`dX glYc`ZX$ Z`�e [\ \jk\ Xm`jf% 8:& *) d^ 4444444 Gfi _XY\ij\ g\i[`[f cX C`Yi\kX [\ 8_fiifj [\ cX Zl\ekX Ef% '*,'.*'+0/ [\c 9XeZf @ek\ieXZ`feXc J%8%# j\ \jk} gif$ Z\[`\e[f X jl XelcXZ`�e% Hl`\e Zi\p\i\ k\e\i [\i\Z_f jfYi\ \jkX c`Yi\kX# [\Y\i} gi\j\ekXi jl i\ZcX$ df Xc 9XeZf# [\ekif [\ cfj () [ˆXj# ZfekX[fj [\j[\ cX ’ck`dX glYc`ZX$ Z`�e [\ \jk\ Xm`jf% 8:& ** d^ 4444444 Gfi _XY\ij\ g\i[`[f cX C`Yi\kX [\ 8_fiifj [\ cX Zl\ekX Ef% '+('.),-(' [\c 9XeZf @ek\ieXZ`feXc J%8%# j\ \jk} gif$ Z\[`\e[f X jl XelcXZ`�e% Hl`\e Zi\p\i\ k\e\i [\i\Z_f jfYi\ \jkX c`Yi\kX# [\Y\i} gi\j\ekXi jl i\ZcX$ df Xc 9XeZf# [\ekif [\ cfj () [ˆXj# ZfekX[fj [\j[\ cX ’ck`dX glYc`ZX$ Z`�e [\ \jk\ Xm`jf% 8:& *+ d^ 4444444 Gfi _XY\ij\ g\i[`[f cX C`Yi\kX [\ 8_fiifj [\ cX Zl\ekX Ef% '/''...(-( [\c 9XeZf @ek\ieXZ`feXc J%8%# j\ \jk} gif$ Z\[`\e[f X jl XelcXZ`�e% Hl`\e Zi\p\i\ k\e\i [\i\Z_f jfYi\ \jkX c`Yi\kX# [\Y\i} gi\j\ekXi jl i\ZcX$ df Xc 9XeZf# [\ekif [\ cfj () [ˆXj# ZfekX[fj [\j[\ cX ’ck`dX glYc`ZX$ Z`�e [\ \jk\ Xm`jf% 8:& *, d^ 4444444 Gfi _XY\ij\ g\i[`[f cX C`Yi\kX [\ 8_fiifj [\ cX Zl\ekX Ef% '*/'..)-.- [\c 9XeZf @ek\ieXZ`feXc J%8%# j\ \jk} gif$ Z\[`\e[f X jl XelcXZ`�e% Hl`\e Zi\p\i\ k\e\i [\i\Z_f jfYi\ \jkX c`Yi\kX# [\Y\i} gi\j\ekXi jl i\ZcX$ df Xc 9XeZf# [\ekif [\ cfj () [ˆXj# ZfekX[fj [\j[\ cX ’ck`dX glYc`ZX$ Z`�e [\ \jk\ Xm`jf% 8:& *- d^ 4444444 Gfi _XY\ij\ g\i[`[f cX C`Yi\kX [\ 8_fiifj [\ cX Zl\ekX Ef% ('''/+*)(( [\c 9XeZf @ek\ieXZ`feXc J%8%# j\ \jk} gif$ Z\[`\e[f X jl XelcXZ`�e% Hl`\e Zi\p\i\ k\e\i [\i\Z_f jfYi\ \jkX c`Yi\kX# [\Y\i} gi\j\ekXi jl i\ZcX$ df Xc 9XeZf# [\ekif [\ cfj () [ˆXj# ZfekX[fj [\j[\ cX ’ck`dX glYc`ZX$ Z`�e [\ \jk\ Xm`jf% 8:& *. d^ 4444444 Gfi _XY\ij\ g\i[`[f cX C`Yi\kX [\ 8_fiifj [\ cX Zl\ekX Ef% *.'.*',', [\c 9XeZf @ek\ieXZ`feXc J%8%# j\ \jk} gif$ Z\[`\e[f X jl XelcXZ`�e% Hl`\e Zi\p\i\ k\e\i [\i\Z_f jfYi\ \jkX c`Yi\kX# [\Y\i} gi\j\ekXi jl i\ZcX$ df Xc 9XeZf# [\ekif [\ cfj () [ˆXj# ZfekX[fj [\j[\ cX ’ck`dX glYc`ZX$ Z`�e [\ \jk\ Xm`jf% 8:& */ d^ 4444444 Gfi _XY\ij\ g\i[`[f cX C`Yi\kX [\ 8_fiifj [\ cX Zl\ekX Ef% ('''.,+''0 [\c 9XeZf @ek\ieXZ`feXc J%8%# j\ \jk} gif$ Z\[`\e[f X jl XelcXZ`�e% Hl`\e Zi\p\i\ k\e\i [\i\Z_f jfYi\ \jkX c`Yi\kX# [\Y\i} gi\j\ekXi jl i\ZcX$ df Xc 9XeZf# [\ekif [\ cfj () [ˆXj# ZfekX[fj [\j[\ cX ’ck`dX glYc`ZX$ Z`�e [\ \jk\ Xm`jf% 8:& *0 d^ 4444444 Gfi _XY\ij\ g\i[`[f cX C`Yi\kX [\ 8_fiifj [\ cX Zl\ekX Ef% -,''/'.+(* [\c 9XeZf @ek\ieXZ`feXc J%8%# j\ \jk} gif$ Z\[`\e[f X jl XelcXZ`�e% Hl`\e Zi\p\i\ k\e\i [\i\Z_f jfYi\ \jkX c`Yi\kX# [\Y\i} gi\j\ekXi jl i\ZcX$
IŒbe [i Z_]de Z[ ik feZ[h [b gk[ be `kij_\_YW Z‡W W Z‡W$ :7= >@7BC7H >7CC7HIA@zB:
df Xc 9XeZf# [\ekif [\ cfj () [ˆXj# ZfekX[fj [\j[\ cX ’ck`dX glYc`ZX$ Z`�e [\ \jk\ Xm`jf% 8:& +' d^ 4444444 Gfi _XY\ij\ g\i[`[f cX C`Yi\kX [\ 8_fiifj [\ cX Zl\ekX Ef% +,'.+-//. [\c 9XeZf @ek\ieXZ`feXc J%8%# j\ \jk} gifZ\[`\e[f X jl XelcXZ`�e% Hl`\e Zi\p\i\ k\e\i [\i\Z_f jfYi\ \jkX c`Yi\kX# [\Y\i} gi\j\ekXi jl i\ZcXdf Xc 9XeZf# [\ekif [\ cfj () [ˆXj# ZfekX[fj [\j[\ cX ’ck`dX glYc`ZXZ`�e [\ \jk\ Xm`jf% 8:& +( d^ 4444444 Gfi _XY\ij\ g\i[`[f cX C`Yi\kX [\ 8_fiifj [\ cX Zl\ekX Ef% */'..0/0( [\c 9XeZf @ek\ieXZ`feXc J%8%# j\ \jk} gifZ\[`\e[f X jl XelcXZ`�e% Hl`\e Zi\p\i\ k\e\i [\i\Z_f jfYi\ \jkX c`Yi\kX# [\Y\i} gi\j\ekXi jl i\ZcXdf Xc 9XeZf# [\ekif [\ cfj () [ˆXj# ZfekX[fj [\j[\ cX ’ck`dX glYc`ZXZ`�e [\ \jk\ Xm`jf% 8:& +) d^ 4444444 Gfi _XY\ij\ g\i[`[f cX C`Yi\kX [\ 8_fiifj [\ cX Zl\ekX Ef% /-()'* [\c 9XeZf @ek\ieXZ`feXc J%8%# j\ \jk} gifZ\[`\e[f X jl XelcXZ`�e% Hl`\e Zi\p\i\ k\e\i [\i\Z_f jfYi\ \jkX c`Yi\kX# [\Y\i} gi\j\ekXi jl i\ZcXdf Xc 9XeZf# [\ekif [\ cfj () [ˆXj# ZfekX[fj [\j[\ cX ’ck`dX glYc`ZXZ`�e [\ \jk\ Xm`jf% 8:& +* d^ 4444444 Gfi _XY\ij\ g\i[`[f cX C`Yi\kX [\ 8_fiifj [\ cX Zl\ekX Ef% 0.''.0)))+ [\c 9XeZf @ek\ieXZ`feXc J%8%# j\ \jk} gif$ Z\[`\e[f X jl XelcXZ`�e% Hl`\e Zi\p\i\ k\e\i [\i\Z_f jfYi\ \jkX c`Yi\kX# [\Y\i} gi\j\ekXi jl i\ZcX$ df Xc 9XeZf# [\ekif [\ cfj () [ˆXj# ZfekX[fj [\j[\ cX ’ck`dX glYc`ZX$ Z`�e [\ \jk\ Xm`jf% 8:& ++ d^ 4444444 Gfi _XY\ij\ g\i[`[f cX C`Yi\kX [\ 8_fiifj [\ cX Zl\ekX Ef% '-''.-'(-) [\c 9XeZf @ek\ieXZ`feXc J%8%# j\ \jk} gif$ Z\[`\e[f X jl XelcXZ`�e% Hl`\e Zi\p\i\ k\e\i [\i\Z_f jfYi\ \jkX c`Yi\kX# [\Y\i} gi\j\ekXi jl i\ZcX$ df Xc 9XeZf# [\ekif [\ cfj () [ˆXj# ZfekX[fj [\j[\ cX ’ck`dX glYc`ZX$ Z`�e [\ \jk\ Xm`jf% 8:& +, d^ 4444444 Gfi _XY\ij\ g\i[`[f cX C`Yi\kX [\ 8_fiifj [\ cX Zl\ekX Ef% *'''.,+)+' [\c 9XeZf @ek\ieXZ`feXc J%8%# j\ \jk} gif$ Z\[`\e[f X jl XelcXZ`�e% Hl`\e Zi\p\i\ k\e\i [\i\Z_f jfYi\ \jkX c`Yi\kX# [\Y\i} gi\j\ekXi jl i\ZcX$ df Xc 9XeZf# [\ekif [\ cfj () [ˆXj# ZfekX[fj [\j[\ cX ’ck`dX glYc`ZX$ Z`�e [\ \jk\ Xm`jf% 8:& +- d^ 4444444 Gfi _XY\ij\ g\i[`[f cX C`Yi\kX [\ 8_fiifj [\ cX Zl\ekX Ef% /./+-. [\c 9XeZf @ek\ieXZ`feXc J%8%# j\ \jk} gifZ\[`\e[f X jl XelcXZ`�e% Hl`\e Zi\p\i\ k\e\i [\i\Z_f jfYi\ \jkX c`Yi\kX# [\Y\i} gi\j\ekXi jl i\ZcXdf Xc 9XeZf# [\ekif [\ cfj () [ˆXj# ZfekX[fj [\j[\ cX ’ck`dX glYc`ZXZ`�e [\ \jk\ Xm`jf% 8:& +. d^ 4444444 Gfi _XY\ij\ g\i[`[f cX C`Yi\kX [\ 8_fiifj [\ cX Zl\ekX Ef% ,''.-*'0(( [\c 9XeZf @ek\ieXZ`feXc J%8%# j\ \jk} gif$ Z\[`\e[f X jl XelcXZ`�e% Hl`\e Zi\p\i\ k\e\i [\i\Z_f jfYi\ \jkX c`Yi\kX# [\Y\i} gi\j\ekXi jl i\ZcX$ df Xc 9XeZf# [\ekif [\ cfj () [ˆXj# ZfekX[fj [\j[\ cX ’ck`dX glYc`ZX$ Z`�e [\ \jk\ Xm`jf% 8:& +/ d^ 4444444 Gfi _XY\ij\ g\i[`[f cX C`Yi\kX [\ 8_fiifj [\ cX Zl\ekX Ef% (('./0.)' [\c 9XeZf @ek\ieXZ`feXc J%8%# j\ \jk} gifZ\[`\e[f X jl XelcXZ`�e% Hl`\e Zi\p\i\ k\e\i [\i\Z_f jfYi\ \jkX c`Yi\kX# [\Y\i} gi\j\ekXi jl i\ZcXdf Xc 9XeZf# [\ekif [\ cfj () [ˆXj# ZfekX[fj [\j[\ cX ’ck`dX glYc`ZXZ`�e [\ \jk\ Xm`jf% 8:& ( d^ 4444444 Gfi _XY\ij\ g\i[`[f cX C`Yi\kX [\ 8_fiifj [\ cX Zl\ekX Ef% /''/(,//. [\c 9XeZf @ek\ieXZ`feXc J%8%# j\ \jk} gif$ Z\[`\e[f X jl XelcXZ`�e% Hl`\e Zi\p\i\ k\e\i [\i\Z_f jfYi\ \jkX c`Yi\kX# [\Y\i} gi\j\ekXi jl i\ZcX$ df Xc 9XeZf# [\ekif [\ cfj () [ˆXj# ZfekX[fj [\j[\ cX ’ck`dX glYc`ZX$ Z`�e [\ \jk\ Xm`jf% 8:& ) d^ 4444444
Gfi _XY\ij\ g\i[`[f cX C`Yi\kX [\ 8_fiifj [\ cX Zl\ekX Ef% */'.+).)- [\c 9XeZf @ek\ieXZ`feXc J%8%# j\ \jk} gifZ\[`\e[f X jl XelcXZ`�e% Hl`\e Zi\p\i\ k\e\i [\i\Z_f jfYi\ \jkX c`Yi\kX# [\Y\i} gi\j\ekXi jl i\ZcXdf Xc 9XeZf# [\ekif [\ cfj () [ˆXj# ZfekX[fj [\j[\ cX ’ck`dX glYc`ZXZ`�e [\ \jk\ Xm`jf% 8:& * d^ 4444444 Gfi _XY\ij\ g\i[`[f cX C`Yi\kX [\ 8_fiifj [\ cX Zl\ekX Ef% *)''.,.+,( [\c 9XeZf @ek\ieXZ`feXc J%8%# j\ \jk} gif$ Z\[`\e[f X jl XelcXZ`�e% Hl`\e Zi\p\i\ k\e\i [\i\Z_f jfYi\ \jkX c`Yi\kX# [\Y\i} gi\j\ekXi jl i\ZcX$ df Xc 9XeZf# [\ekif [\ cfj () [ˆXj# ZfekX[fj [\j[\ cX ’ck`dX glYc`ZX$ Z`�e [\ \jk\ Xm`jf% 8:& + d^ 4444444 Gfi _XY\ij\ g\i[`[f cX C`Yi\kX [\ 8_fiifj [\ cX Zl\ekX Ef% '+('.)*(0. [\c 9XeZf @ek\ieXZ`feXc J%8%# j\ \jk} gif$ Z\[`\e[f X jl XelcXZ`�e% Hl`\e Zi\p\i\ k\e\i [\i\Z_f jfYi\ \jkX c`Yi\kX# [\Y\i} gi\j\ekXi jl i\ZcX$ df Xc 9XeZf# [\ekif [\ cfj () [ˆXj# ZfekX[fj [\j[\ cX ’ck`dX glYc`ZX$ Z`�e [\ \jk\ Xm`jf% 8:& , d^ 4444444 Gfi _XY\ij\ g\i[`[f cX C`Yi\kX [\ 8_fiifj [\ cX Zl\ekX Ef% +*'.,+',* [\c 9XeZf @ek\ieXZ`feXc J%8%# j\ \jk} gif$ Z\[`\e[f X jl XelcXZ`�e% Hl`\e Zi\p\i\ k\e\i [\i\Z_f jfYi\ \jkX c`Yi\kX# [\Y\i} gi\j\ekXi jl i\ZcX$ df Xc 9XeZf# [\ekif [\ cfj () [ˆXj# ZfekX[fj [\j[\ cX ’ck`dX glYc`ZX$ Z`�e [\ \jk\ Xm`jf% 8:& - d^ 4444444 Gfi _XY\ij\ g\i[`[f cX C`Yi\kX [\ 8_fiifj [\ cX Zl\ekX Ef% )''.+/,)' [\c 9XeZf @ek\ieXZ`feXc J%8%# j\ \jk} gif$ Z\[`\e[f X jl XelcXZ`�e% Hl`\e Zi\p\i\ k\e\i [\i\Z_f jfYi\ \jkX c`Yi\kX# [\Y\i} gi\j\ekXi jl i\ZcX$ df Xc 9XeZf# [\ekif [\ cfj () [ˆXj# ZfekX[fj [\j[\ cX ’ck`dX glYc`ZX$ Z`�e [\ \jk\ Xm`jf% 8:& . d^ 4444444 Gfi _XY\ij\ g\i[`[f cX C`Yi\kX [\ 8_fiifj [\ cX Zl\ekX Ef% *''.+(*(/ [\c 9XeZf @ek\ieXZ`feXc J%8%# j\ \jk} gifZ\[`\e[f X jl XelcXZ`�e% Hl`\e Zi\p\i\ k\e\i [\i\Z_f jfYi\ \jkX c`Yi\kX# [\Y\i} gi\j\ekXi jl i\ZcXdf Xc 9XeZf# [\ekif [\ cfj () [ˆXj# ZfekX[fj [\j[\ cX ’ck`dX glYc`ZXZ`�e [\ \jk\ Xm`jf% 8:& / d^ 4444444 Gfi _XY\ij\ g\i[`[f cX C`Yi\kX [\ 8_fiifj [\ cX Zl\ekX Ef% -)'.)'*0* [\c 9XeZf @ek\ieXZ`feXc J%8%# j\ \jk} gif$ Z\[`\e[f X jl XelcXZ`�e% Hl`\e Zi\p\i\ k\e\i [\i\Z_f jfYi\ \jkX c`Yi\kX# [\Y\i} gi\j\ekXi jl i\ZcX$ df Xc 9XeZf# [\ekif [\ cfj () [ˆXj# ZfekX[fj [\j[\ cX ’ck`dX glYc`ZX$ Z`�e [\ \jk\ Xm`jf% 8:& 0 d^ 4444444 Gfi fi[\e [\c k`klcXi [\ cX Zl\e$ kX Zfii`\ek\ Ef% -''()**.' [\c 9XeZf @ek\ieXZ`feXc J%8%# j\ Zfdle`ZX# hl\ j\ \jk} gifZ\[`\e$ [f X XelcXi \c cfj j`^l`\ek\j j ]fidlcXi`f j [\ Z_\hl\ j % ;\c e’d\if ,+-* Xc e’d\if ,+-8:& ( d^ 4444444 Gfi fi[\e [\c k`klcXi [\ cX Zl\e$ kX Zfii`\ek\ Ef% )''-'+-'' [\c 9XeZf @ek\ieXZ`feXc J%8%# j\ Zfdle`ZX# hl\ j\ \jk} gifZ\[`\e$ [f X XelcXi \c cfj j`^l`\ek\j j ]fidlcXi`f j [\ Z_\hl\ j % ;\c e’d\if (*' Xc e’d\if (*' 8:& ) d^ 4444444 Gfi fi[\e [\c k`klcXi [\ cX Zl\e$ kX Zfii`\ek\ Ef% )''-'+-'' [\c 9XeZf @ek\ieXZ`feXc J%8%# j\ Zfdle`ZX# hl\ j\ \jk} gifZ\[`\e$ [f X XelcXi \c cfj j`^l`\ek\j j ]fidlcXi`f j [\ Z_\hl\ j % ;\c e’d\if ,' Xc e’d\if ,' 8:& * d^ 4444444 Gfi fi[\e [\c k`klcXi [\ cX Zl\e$ kX Zfii`\ek\ Ef% )''-'+-'' [\c 9XeZf @ek\ieXZ`feXc J%8%# j\ Zfdle`ZX# hl\ j\ \jk} gifZ\[`\e$ [f X XelcXi \c cfj j`^l`\ek\j j ]fidlcXi`f j [\ Z_\hl\ j % ;\c e’d\if ((- Xc e’d\if ((8:& + d^ 4444444 Gfi fi[\e [\c k`klcXi [\ cX Zl\e$ kX Zfii`\ek\ Ef% /''-(+(.+ [\c 9XeZf @ek\ieXZ`feXc J%8%# j\
Zfdle`ZX# hl\ j\ \jk} gifZ\[`\e$ [f X XelcXi \c cfj j`^l`\ek\j j ]fidlcXi`f j [\ Z_\hl\ j % ;\c eÂ’d\if ),, Xc eÂ’d\if ),, 8:& , d^ 4444444 Gfi fi[\e [\c k`klcXi [\ cX Zl\e$ kX Zfii`\ek\ Ef% /''-(+(.+ [\c 9XeZf @ek\ieXZ`feXc J%8%# j\ Zfdle`ZX# hl\ j\ \jk} gifZ\[`\e$ [f X XelcXi \c cfj j`^l`\ek\j j ]fidlcXi`f j [\ Z_\hl\ j % ;\c eÂ’d\if ),* Xc eÂ’d\if ),* 8:& - d^ 4444444 Gfi fi[\e [\c k`klcXi [\ cX Zl\e$ kX Zfii`\ek\ Ef% +''-(''*' [\c 9XeZf @ek\ieXZ`feXc J%8%# j\ Zfdle`ZX# hl\ j\ \jk} gifZ\[`\e$ [f X XelcXi \c cfj j`^l`\ek\j j ]fidlcXi`f j [\ Z_\hl\ j % ;\c eÂ’d\if /* Xc eÂ’d\if /* 8:& . d^ 4444444 Gfi fi[\e [\c k`klcXi [\ cX Zl\e$ kX Zfii`\ek\ Ef% +''-(''*' [\c 9XeZf @ek\ieXZ`feXc J%8%# j\ Zfdle`ZX# hl\ j\ \jk} gifZ\[`\e$ [f X XelcXi \c cfj j`^l`\ek\j j ]fidlcXi`f j [\ Z_\hl\ j % ;\c eÂ’d\if .+ Xc eÂ’d\if .+ 8:& / d^ 4444444 Gfi fi[\e [\c k`klcXi [\ cX Zl\e$ kX Zfii`\ek\ Ef% +''-(''*' [\c 9XeZf @ek\ieXZ`feXc J%8%# j\ Zfdle`ZX# hl\ j\ \jk} gifZ\[`\e$ [f X XelcXi \c cfj j`^l`\ek\j j ]fidlcXi`f j [\ Z_\hl\ j % ;\c eÂ’d\if /* Xc eÂ’d\if /* 8:& 0 d^ 4444444 Gfi fi[\e [\c k`klcXi [\ cX Zl\e$ kX Zfii`\ek\ Ef% +''-(''*' [\c 9XeZf @ek\ieXZ`feXc J%8%# j\ Zfdle`ZX# hl\ j\ \jk} gifZ\[`\e$ [f X XelcXi \c cfj j`^l`\ek\j j ]fidlcXi`f j [\ Z_\hl\ j % ;\c eÂ’d\if ,0 Xc eÂ’d\if ,0 8:& (' d^ 4444444 Gfi fi[\e [\c k`klcXi [\ cX Zl\e$ kX Zfii`\ek\ Ef% +''-(''*' [\c 9XeZf @ek\ieXZ`feXc J%8%# j\ Zfdle`ZX# hl\ j\ \jk} gifZ\[`\e$ [f X XelcXi \c cfj j`^l`\ek\j j ]fidlcXi`f j [\ Z_\hl\ j % ;\c eÂ’d\if .+ Xc eÂ’d\if .+ 8:& (( d^ 4444444 Gfi fi[\e [\c k`klcXi [\ cX Zl\e$ kX Zfii`\ek\ Ef% -+'''..0+ [\c 9XeZf @ek\ieXZ`feXc J%8%# j\ Zfdle`ZX# hl\ j\ \jk} gifZ\[`\e$ [f X XelcXi \c cfj j`^l`\ek\j j ]fidlcXi`f j [\ Z_\hl\ j % ;\c eÂ’d\if ,0 Xc eÂ’d\if ,0 8:& () d^ 4444444 Gfi fi[\e [\c k`klcXi [\ cX Zl\e$ kX Zfii`\ek\ Ef% '0''')*/+) [\c 9XeZf @ek\ieXZ`feXc J%8%# j\ Zfdle`ZX# hl\ j\ \jk} gifZ\[`\e$ [f X XelcXi \c cfj j`^l`\ek\j j ]fidlcXi`f j [\ Z_\hl\ j % ;\c eÂ’d\if /() Xc eÂ’d\if /,' 8:& (* d^ 4444444 Gfi fi[\e [\c k`klcXi [\ cX Zl\e$ kX Zfii`\ek\ Ef% '-('-'*(0( [\c 9XeZf @ek\ieXZ`feXc J%8%# j\ Zfdle`ZX# hl\ j\ \jk} gifZ\[`\e$ [f X XelcXi \c cfj j`^l`\ek\j j ]fidlcXi`f j [\ Z_\hl\ j % ;\c eÂ’d\if 0-0 Xc eÂ’d\if 0., 8:& (+ d^ 4444444 Gfi fi[\e [\c k`klcXi [\ cX Zl\e$ kX Zfii`\ek\ Ef% '+''-('(/0 [\c 9XeZf @ek\ieXZ`feXc J%8%# j\ Zfdle`ZX# hl\ j\ \jk} gifZ\[`\e$ [f X XelcXi \c cfj j`^l`\ek\j j ]fidlcXi`f j [\ Z_\hl\ j % ;\c eÂ’d\if ,' Xc eÂ’d\if ,' 8:& (, d^ 4444444 Gfi fi[\e [\c k`klcXi [\ cX Zl\e$ kX Zfii`\ek\ Ef% ',''-',.(- [\c 9XeZf @ek\ieXZ`feXc J%8%# j\ Zfdle`ZX# hl\ j\ \jk} gifZ\[`\e$ [f X XelcXi \c cfj j`^l`\ek\j j ]fidlcXi`f j [\ Z_\hl\ j % ;\c eÂ’d\if ('(( Xc eÂ’d\if ('), 8:& (- d^ 4444444 Gfi fi[\e [\c k`klcXi [\ cX Zl\e$ kX Zfii`\ek\ Ef% '*0'-',)-/ [\c 9XeZf @ek\ieXZ`feXc J%8%# j\ Zfdle`ZX# hl\ j\ \jk} gifZ\[`\e$ [f X XelcXi \c cfj j`^l`\ek\j j ]fidlcXi`f j [\ Z_\hl\ j % ;\c eÂ’d\if 00 Xc eÂ’d\if 00 8:& (. d^ 4444444 Gfi fi[\e [\c k`klcXi [\ cX Zl\e$ kX Zfii`\ek\ Ef% --''''0-'/ [\c 9XeZf @ek\ieXZ`feXc J%8%# j\ Zfdle`ZX# hl\ j\ \jk} gifZ\[`\e$ [f X XelcXi \c cfj j`^l`\ek\j j ]fidlcXi`f j [\ Z_\hl\ j % ;\c eÂ’d\if -(- Xc eÂ’d\if -(0 8:& (/ d^ 4444444 Gfi _XY\ij\ G<I;@;F j\ mX e X XelcXi \c cfj j`^l`\ek\ j Z_\hl\ j # X ZXi^f [\ cX Zl\ekX Zfii`\ek\ Ef% ),'-'+(-) [\c 9XeZf @ek\ieXZ`feXc J%8% Ef% :_\hl\ (..0 MXcfi1 *'+%/' =\Z_X [\ >`if1 (/%'*%)'((% 8 cX fi[\e [\1 8C GFIK8;FI 8:& (0 d^ 4444444 Gfi _XY\ij\ G<I;@;F j\ mX e
Ĺ? ćĹ? Ĺ? Ĺ? Ĺ?Ä‚Ä€Ä Ä
Ĺ? +. Ĺ? ÄŒĹ? X XelcXi \c cfj j`^l`\ek\ j Z_\hl\ j # X ZXi^f [\ cX Zl\ekX Zfii`\ek\ Ef% )000.. [\c 9XeZf @ek\ieXZ`feXc J%8% Ef% :_\hl\ '*-. MXcfi1 (*)%,' =\Z_X [\ >`if1 )'$',$)'((% 8:& )' d^ 4444444 Gfi _XY\ij\ G<I;@;F j\ mX e X XelcXi \c cfj j`^l`\ek\ j Z_\hl\ j # X ZXi^f [\ cX Zl\ekX Zfii`\ek\ Ef% '.''-((/)' [\c 9XeZf @ek\ieXZ`feXc J%8% Ef% :_\hl\ ,-+ MXcfi1 )'-%*/ =\Z_X [\ >`if1 )0$@M$)'((% 8 cX fi[\e [\1 CL@J =8I@8J 8:& )( d^ 4444444 Gfi _XY\ij\ G<I;@;F j\ mX e X XelcXi \c cfj j`^l`\ek\ j Z_\hl\ j # X ZXi^f [\ cX Zl\ekX Zfii`\ek\ Ef% ',,'-'((+' [\c 9XeZf @ek\ieXZ`feXc J%8% Ef% :_\hl\ .,,/ MXcfi1 )*0%*) 8 cX fi[\e [\1 <;@JFE CFG<Q 8:& )) d^ 4444444 Gfi _XY\ij\ G<I;@;8 j\ mX e X XelcXi \c cfj j`^l`\ek\ j Z_\hl\ j # X ZXi^f [\ cX Zl\ekX Zfii`\ek\ Ef% ',,'-',./) [\c 9XeZf @ek\ieXZ`feXc J%8% Ef% :_\hl\ */) MXcfi1 (+' =\Z_X [\ >`if1 ).$'/$)'((% 8 cX fi[\e [\1 B8KKP =I<@I< 8:& )* d^ 4444444 Gfi _XY\ij\ G<I;@;F j\ mX e X XelcXi \c cfj j`^l`\ek\ j Z_\hl\ j # X ZXi^f [\ cX Zl\ekX Zfii`\ek\ Ef% 0''-'-0'. [\c 9XeZf @ek\ieXZ`feXc J%8% Ef% :_\hl\ ()* MXcfi1 ,.-%-/ =\Z_X [\ >`if1 '0 D8P$((% 8 cX fi[\e [\1 J8E;FP8 M<I8 8CC@JFE 8:& )+ d^ 4444444 Gfi _XY\ij\ G<I;@;F j\ mX e X XelcXi \c cfj j`^l`\ek\ j Z_\hl\ j # X ZXi^f [\ cX Zl\ekX Zfii`\ek\ Ef% +)''''.+- [\c 9XeZf @ek\ieXZ`feXc J%8% Ef% :_\hl\ /.. MXcfi1 (.*%() =\Z_X [\ >`if1 '+$D8PF$)'((% 8 cX fi[\e [\1 I8D@IF DFEK<E<>IF 8:& ), d^ 4444444 Gfi _XY\ij\ G<I;@;F j\ mX e X XelcXi \c cfj j`^l`\ek\ j Z_\hl\ j # X ZXi^f [\ cX Zl\ekX Zfii`\ek\ Ef% '+-'.'-'0. [\c 9XeZf @ek\ieXZ`feXc J%8% Ef% :_\hl\ --.-,0 MXcfi1 *''' =\Z_X [\ >`if1 ),$,$)'((% 8 cX fi[\e [\1 C<FEFI 8DGL;@8 8:& )- d^ 4444444 Gfi _XY\ij\ JLJKI8@;F j\ mX e X XelcXi \c cfj j`^l`\ek\ j Z_\hl\ j # X ZXi^f [\ cX Zl\ekX Zfii`\ek\ Ef% ('''-('..+ [\c 9XeZf @ek\ieXZ`feXc J%8% Ef% :_\hl\ /+, MXcfi1 ))*%,) =\Z_X [\ >`if1 0$D8PF$)'((% 8 cX fi[\e [\1 =I8EBC@E JK8C@E >L<II8 QLI@K8 8:& ). d^ 4444444 Gfi _XY\ij\ G<I;@;8 j\ mX e X XelcXi \c cfj j`^l`\ek\ j Z_\hl\ j # X ZXi^f [\ cX Zl\ekX Zfii`\ek\ Ef% +,'-'.''+ [\c 9XeZf @ek\ieXZ`feXc J%8% Ef% :_\hl\ )+(' MXcfi1 (''' =\Z_X [\ >`if1 )+$',$)'((% 8:& )/ d^ 4444444 Gfi _XY\ij\ G<I;@;F j\ mX e X XelcXi \c cfj j`^l`\ek\ j Z_\hl\ j # X ZXi^f [\ cX Zl\ekX Zfii`\ek\ Ef% .'''-'/+0* [\c 9XeZf @ek\ieXZ`feXc J%8% Ef% :_\hl\ )))/ MXcfi1 )' =\Z_X [\ >`if1 )' D8PF )'((% 8 cX fi[\e [\1 D<I@EF <EI@HL<K8 8:& )0 d^ 4444444 Gfi _XY\ij\ JLJKI8@;F j\ mX e X XelcXi \c cfj j`^l`\ek\ j Z_\hl\ j # X ZXi^f [\ cX Zl\e$ kX Zfii`\ek\ Ef% ,''((0)0/ [\c 9XeZf @ek\ieXZ`feXc J%8% Ef% :_\hl\ ('/* MXcfi1 ()'%'' =\Z_X [\ >`if1 (,$',$)'((% 8 cX fi[\e [\1 G89CF 9FIA8 ;<C>8;F 8:& *' d^ 4444444 Gfi _XY\ij\ G<I;@;F j\ mX e X XelcXi \c cfj j`^l`\ek\ j Z_\hl\ j # X ZXi^f [\ cX Zl\ekX Zfii`\ek\ Ef% '+-''''*)/ [\c 9XeZf @ek\ieXZ`feXc J%8% Ef% :_\hl\ -(* MXcfi1 *'0%*- =\Z_X [\ >`if1 )($'+$)'((% 8 cX fi[\e [\1 :FE<:F 8:& *( d^ 4444444 Gfi _XY\ij\ G<I;@;8 j\ mX e X XelcXi \c cfj j`^l`\ek\ j Z_\hl\ j # X ZXi^f [\ cX Zl\ekX Zfii`\ek\ Ef% '+-''''*)/ [\c 9XeZf @ek\ieXZ`feXc J%8% Ef%
Ä Ä
:_\hl\ -(-# -'0# -() MXcfi1 *0%'-& (*/0%(-& *)/%.) =\Z_X [\ >`if1 ))&'+&)'((# )(&'+&)'((# )(&'+&)'(( % 8 cX fi[\e [\1 :FEALEKF G8IHL< I<8C& =IF:K8CF>& 8>< J<>LIFJ 8:& *) d^ 4444444 Gfi _XY\ij\ <OKI8M@8;F j\ mX e X XelcXi \c cfj j`^l`\ek\ j Z_\hl\ j # X ZXi^f [\ cX Zl\ekX Zfii`\ek\ Ef% ,'''+'0(0 [\c 9XeZf @ek\ieXZ`feXc J%8% Ef% :_\hl\ (.0* MXcfi1 )0.%., 8:& ** d^ 4444444 Gfi _XY\ij\ <OKI8M@8;F j\ mX e X XelcXi \c cfj j`^l`\ek\ j Z_\hl\ j # X ZXi^f [\ cX Zl\ekX Zfii`\ek\ Ef% (/,'-'(')0 [\c 9XeZf @ek\ieXZ`feXc J%8% Ef% :_\hl\ (+-* MXcfi1 )'/%// 8:& *+ d^ 4444444 Gfi _XY\ij\ <OKI8M@8;F j\ mX e X XelcXi \c cfj j`^l`\ek\ j Z_\hl\ j # X ZXi^f [\ cX Zl\ekX Zfii`\ek\ Ef% '/''-'+(0, [\c 9XeZf @ek\ieXZ`feXc J%8% Ef% :_\hl\ +-(. MXcfi1 +.%0, 8:& *, d^ 4444444 Gfi _XY\ij\ <OKI8M@8;F j\ mX e X XelcXi \c cfj j`^l`\ek\ j Z_\hl\ j # X ZXi^f [\ cX Zl\ekX Zfii`\ek\ Ef% '+'''/(/,/ [\c 9XeZf @ek\ieXZ`feXc J%8% Ef% :_\hl\ (/'+ MXcfi1 ((,%.* 8:& *- d^ 4444444 Gfi _XY\ij\ G<I;@;F j\ mX e X XelcXi \c cfj j`^l`\ek\ j Z_\hl\ j # X ZXi^f [\ cX Zl\ekX Zfii`\ek\ Ef% '/''-'-*(. [\c 9XeZf @ek\ieXZ`feXc J%8% Ef% :_\hl\ ,+(* MXcfi1 -(.%.' =\Z_X [\ >`if1 (-&')&)'((% 8 cX fi[\e [\1 KL9FE CFG<Q 8E><C ?% 8:& *. d^ 4444444 Gfi _XY\ij\ JLJKI8@;F j\ mX e X XelcXi \c cfj j`^l`\ek\ j Z_\hl\ j # X ZXi^f [\ cX Zl\e$ kX Zfii`\ek\ Ef% /''(+)*,/ [\c 9XeZf @ek\ieXZ`feXc J%8% Ef% :_\hl\ ''')*- MXcfi1 )). =\Z_X [\ >`if1 ( ;< ALE@F )'((% 8 cX fi[\e [\1 ;I% :I@JK@8E 98IQLCCF 8:& */ d^ 4444444 Gfi _XY\ij\ g\i[`[f cX C`Yi\kX [\ 8_fiifj [\ cX Zl\ekX Ef% *0'.+++') [\c 9XeZf @ek\ieXZ`feXc J%8%# j\ \jk} gif$ Z\[`\e[f X jl XelcXZ`�e% Hl`\e Zi\p\i\ k\e\i [\i\Z_f jfYi\ \jkX c`Yi\kX# [\Y\i} gi\j\ekXi jl i\ZcX$ df Xc 9XeZf# [\ekif [\ cfj () [ˆXj# ZfekX[fj [\j[\ cX ’ck`dX glYc`ZX$ Z`�e [\ \jk\ Xm`jf% 8:&(('+) ( d^ 4444444 Gfi _XY\ij\ g\i[`[f cX C`Yi\kX [\ 8_fiifj [\ cX Zl\ekX Ef% '*.'.(*-*, [\c 9XeZf @ek\ieXZ`feXc J%8%# j\ \jk} gif$ Z\[`\e[f X jl XelcXZ`�e% Hl`\e Zi\p\i\ k\e\i [\i\Z_f jfYi\ \jkX c`Yi\kX# [\Y\i} gi\j\ekXi jl i\ZcX$ df Xc 9XeZf# [\ekif [\ cfj () [ˆXj# ZfekX[fj [\j[\ cX ’ck`dX glYc`ZX$ Z`�e [\ \jk\ Xm`jf% 8:&(('+) ) d^ 4444444 Gfi _XY\ij\ g\i[`[f cX C`Yi\kX [\ 8_fiifj [\ cX Zl\ekX Ef% '.''.),,0' [\c 9XeZf @ek\ieXZ`feXc J%8%# j\ \jk} gif$ Z\[`\e[f X jl XelcXZ`�e% Hl`\e Zi\p\i\ k\e\i [\i\Z_f jfYi\ \jkX c`Yi\kX# [\Y\i} gi\j\ekXi jl i\ZcX$ df Xc 9XeZf# [\ekif [\ cfj () [ˆXj# ZfekX[fj [\j[\ cX ’ck`dX glYc`ZX$ Z`�e [\ \jk\ Xm`jf% 8:&(('+) * d^ 4444444 Gfi _XY\ij\ g\i[`[f cX C`Yi\kX [\ 8_fiifj [\ cX Zl\ekX Ef% *0'..*+0- [\c 9XeZf @ek\ieXZ`feXc J%8%# j\ \jk} gif$ Z\[`\e[f X jl XelcXZ`�e% Hl`\e Zi\p\i\ k\e\i [\i\Z_f jfYi\ \jkX c`Yi\kX# [\Y\i} gi\j\ekXi jl i\ZcX$ df Xc 9XeZf# [\ekif [\ cfj () [ˆXj# ZfekX[fj [\j[\ cX ’ck`dX glYc`ZX$ Z`�e [\ \jk\ Xm`jf% 8:&(('+) + d^ 4444444 Gfi _XY\ij\ g\i[`[f cX C`Yi\kX [\ 8_fiifj [\ cX Zl\ekX Ef% +''.+0--- [\c 9XeZf @ek\ieXZ`feXc J%8%# j\ \jk} gif$ Z\[`\e[f X jl XelcXZ`�e% Hl`\e Zi\p\i\ k\e\i [\i\Z_f jfYi\ \jkX c`Yi\kX# [\Y\i} gi\j\ekXi jl i\ZcX$ df Xc 9XeZf# [\ekif [\ cfj () [ˆXj# ZfekX[fj [\j[\ cX ’ck`dX glYc`ZX$ Z`�e [\ \jk\ Xm`jf% 8:&(('+) , d^ 4444444 Gfi _XY\ij\ g\i[`[f cX C`Yi\kX [\
Ĺ? Ĺ?
Ĺ?
Ĺ? Ĺ?
Ĺ?
Ä Ä‚
Ĺ? ćĹ? Ĺ? Ĺ? Ĺ?Ä‚Ä€Ä Ä
Ĺ? +. Ĺ? ÄŒĹ?
8_fiifj [\ cX Zl\ekX Ef% 0.+.-. [\c 9XeZf @ek\ieXZ`feXc J%8%# j\ \jk} gifZ\[`\e[f X jl XelcXZ`�e% Hl`\e Zi\p\i\ k\e\i [\i\Z_f jfYi\ \jkX c`Yi\kX# [\Y\i} gi\j\ekXi jl i\ZcXdf Xc 9XeZf# [\ekif [\ cfj () [ˆXj# ZfekX[fj [\j[\ cX ’ck`dX glYc`ZXZ`�e [\ \jk\ Xm`jf% 8:&(('+) - d^ 4444444 Gfi _XY\ij\ g\i[`[f cX C`Yi\kX [\ 8_fiifj [\ cX Zl\ekX Ef% '-)'.,+,*' [\c 9XeZf @ek\ieXZ`feXc J%8%# j\ \jk} gif$ Z\[`\e[f X jl XelcXZ`�e% Hl`\e Zi\p\i\ k\e\i [\i\Z_f jfYi\ \jkX c`Yi\kX# [\Y\i} gi\j\ekXi jl i\ZcX$ df Xc 9XeZf# [\ekif [\ cfj () [ˆXj# ZfekX[fj [\j[\ cX ’ck`dX glYc`ZX$ Z`�e [\ \jk\ Xm`jf% 8:&(('+) . d^ 4444444 Gfi _XY\ij\ g\i[`[f cX C`Yi\kX [\ 8_fiifj [\ cX Zl\ekX Ef% ))+'/*/ [\c 9XeZf @ek\ieXZ`feXc J%8%# j\ \jk} gifZ\[`\e[f X jl XelcXZ`�e% Hl`\e Zi\p\i\ k\e\i [\i\Z_f jfYi\ \jkX c`Yi\kX# [\Y\i} gi\j\ekXi jl i\ZcXdf Xc 9XeZf# [\ekif [\ cfj () [ˆXj# ZfekX[fj [\j[\ cX ’ck`dX glYc`ZXZ`�e [\ \jk\ Xm`jf% 8:&(('+) / d^
BANCO PICHINCHA HL<;8 8ELC8;F Gfi G<I;@;8 [\c :_\hl\ Ef )*( mXcfi 0-#+' [\ cX :kX% :k\% Ef% *+.*-0)/'+ g\ik\e\Z`\ek\ X :L<EK8J <E G8IK@:@G8:@FE :<EKIF ;< I<?89 [\c 9XeZf G`Z_`eZ_X% Hl`\e k\e^X [\i\Z_f [\Y\i} i\ZcXdXi [\ekif [\ cfj -' [ˆXj gfjk\i`fi\j X cX ’ck`dX glYc`ZXZ`�e% 8:& ( d^ 444444 HL<;8 8ELC8;F Gfi IF9F [\c :_\hl\ Ef (0(/ Xc (0+' [\ cX :kX% :k\% Ef% *(-+.-(('+ g\ik\e\Z`\ek\ X :<M8CCFJ @EKI@8>F#;@>E8$ ;FCFI<J [\c 9XeZf G`Z_`eZ_X% Hl`\e k\e^X [\i\Z_f [\Y\i} i\ZcX$ dXi [\ekif [\ cfj -' [ˆXj gfjk\$ i`fi\j X cX ’ck`dX glYc`ZXZ`�e% 8:& ) d^ 444444 HL<;8 8ELC8;F Gfi IF9F [\c :_\hl\ Ef *.' mXcfi )'#.0 [\ cX :kX% :k\% Ef% *+,)*+)('+ g\ik\e\Z`\ek\ X :<EK<EF G<I<Q#8C98$O@D<E8 [\c 9XeZf G`Z_`eZ_X% Hl`\e k\e^X [\i\Z_f [\Y\i} i\ZcXdXi [\ekif [\ cfj -' [ˆXj gfjk\i`fi\j X cX ’ck`dX glYc`ZXZ`�e% 8:& * d^ 444444 HL<;8 8ELC8;F Gfi IF9F [\c :_\hl\ Ef +-( Xc ,)' [\ cX :kX% :k\% Ef% *).)//.('+ g\ik\e\Z`\ek\ X C8J:8EF M8I>8J# D8I:F$M@E@:@F [\c 9XeZf G`Z_`eZ_X% Hl`\e k\e^X [\i\Z_f [\Y\i} i\ZcXdXi [\ekif [\ cfj -' [ˆXj gfjk\i`fi\j X cX ’ck`dX glYc`ZXZ`�e% 8:& + d^ 444444 HL<;8 8ELC8;F Gfi G<I;@;8 [\c :_\hl\ Ef (0'* mXcfi /'#0) [\ cX :kX% :k\% Ef% *+,,--),'+ g\ik\e\Z`\ek\ X IL<;8 :89I<I8 :@8%CK;8% [\c 9XeZf G`Z_`eZ_X% Hl`\e k\e^X [\i\Z_f [\Y\i} i\ZcXdXi [\ekif [\ cfj -' [ˆXj gfjk\i`fi\j X cX ’ck`dX glYc`ZXZ`�e% 8:& , d^ 444444 HL<;8 8ELC8;F Gfi IF9F [\c :_\hl\ Ef ('.+, mXcfi -'#'' [\ cX :kX% :k\% Ef% *).),/'('+ g\ik\e\Z`\ek\ X =LE;8:@FE M@;8 EL<M8 [\c 9XeZf G`Z_`eZ_X% Hl`\e k\e^X [\i\Z_f [\Y\i} i\ZcXdXi [\ekif [\ cfj -' [ˆXj gfjk\i`fi\j X cX ’ck`dX glYc`ZXZ`�e% 8:& - d^ 444444 HL<;8 8ELC8;F Gfi IF9F [\c :_\hl\ Ef (0'/ Xc (0() [\ cX :kX% :k\% Ef% *)-.0/0''+ g\ik\e\Z`\ek\ X Q<8 :F<CCF# ;<E@JJ<$JK<G?8E@< [\c 9XeZf G`Z_`eZ_X% Hl`\e k\e^X [\i\Z_f [\Y\i} i\ZcXdXi [\ekif [\ cfj -' [ˆXj gfjk\i`fi\j X cX ’ck`dX glYc`ZXZ`�e% 8:& . d^ 444444 HL<;8 8ELC8;F
Gfi G<I;@;8 [\c :_\hl\ Ef )(+( Xc )++' [\ cX :kX% :k\% Ef% *'./+-.*'+ g\ik\e\Z`\ek\ X JF::<I JGFIK J%8% [\c 9XeZf G`Z_`eZ_X% Hl`\e k\e^X [\i\Z_f [\Y\i} i\ZcXdXi [\ekif [\ cfj -' [ˆXj gfjk\i`fi\j X cX ’ck`dX glYc`ZXZ`�e% 8:& / d^ 444444 HL<;8 8ELC8;F Gfi G<I;@;8 [\c :_\hl\ Ef (/(, Xc (/++ [\ cX :kX% :k\% Ef% *'*-*.-,'+ g\ik\e\Z`\ek\ X <C@Q8C;< JFJ8# AL8E$:8ICFJ [\c 9XeZf G`Z_`eZ_X% Hl`\e k\e^X [\i\Z_f [\Y\i} i\ZcXdXi [\ekif [\ cfj -' [ˆXj gfjk\i`fi\j X cX ’ck`dX glYc`ZXZ`�e% 8:& 0 d^ 444444 HL<;8 8ELC8;F Gfi G<I;@;8 [\c :_\hl\ Ef ./, mXcfi (%*)'#'' [\ cX :kX% :k\% Ef% *+)'(-/-'+ g\ik\e\Z`\ek\ X ;<GFIK@M8 [\c 9XeZf G`Z_`eZ_X% Hl`\e k\e^X [\i\Z_f [\Y\i} i\ZcX$ dXi [\ekif [\ cfj -' [ˆXj gfjk\$ i`fi\j X cX ’ck`dX glYc`ZXZ`�e% 8:& (' d^ 444444 HL<;8 8ELC8;F Gfi G<I;@;8 [\c :_\hl\ Ef (/+, Xc (/-' [\ cX :kX% :k\% Ef% *'*-*.-,'+ g\ik\e\Z`\ek\ X <C@Q8C;< JFJ8# AL8E$:8ICFJ [\c 9XeZf G`Z_`eZ_X% Hl`\e k\e^X [\i\Z_f [\Y\i} i\ZcXdXi [\ekif [\ cfj -' [ˆXj gfjk\i`fi\j X cX ’ck`dX glYc`ZXZ`�e% 8:& (( d^ 444444 HL<;8 8ELC8;F Gfi G<I;@;8 [\c :_\hl\ Ef )/( [\ cX :kX% :k\% Ef% *+,)/0(*'+ g\ik\e\Z`\ek\ X :?8M<Q J<II8EF#AL8E$:8ICFJ [\c 9XeZf G`Z_`eZ_X% Hl`\e k\e^X [\i\Z_f [\Y\i} i\ZcXdXi [\ekif [\ cfj -' [ˆXj gfjk\i`fi\j X cX ’ck`dX glYc`ZXZ`�e% 8:& () d^ 444444 HL<;8 8ELC8;F Gfi G<I;@;8 [\c :_\hl\ Ef ).+ [\ cX :kX% :k\% Ef% *+,)/0(*'+ g\ik\e\Z`\ek\ X :?8M<Q J<II8EF#AL8E$:8ICFJ [\c 9XeZf G`Z_`eZ_X% Hl`\e k\e^X [\i\Z_f [\Y\i} i\ZcXdXi [\ekif [\ cfj -' [ˆXj gfjk\i`fi\j X cX ’ck`dX glYc`ZXZ`�e% 8:& (* d^ 444444 HL<;8 8ELC8;F Gfi G<I;@;8 [\c :_\hl\ Ef -,. [\ cX :kX% :k\% Ef% *'-,',0''+ g\ik\e\Z`\ek\ X Q8C;LD9@;< 8E;I@<LO# >C8;PJ$8L>LJK8 [\c 9XeZf G`Z_`eZ_X% Hl`\e k\e^X [\i\Z_f [\Y\i} i\ZcXdXi [\ekif [\ cfj -' [ˆXj gfjk\i`fi\j X cX ’ck`dX glYc`ZXZ`�e% 8:& (+ d^ 444444 HL<;8 8ELC8;F Gfi G<I;@;8 [\c :_\hl\ Ef (.0/ [\ cX :kX% :k\% Ef% *')/+-'0'+ g\ik\e\Z`\ek\ X DFEK<IF M@K<I@# G<;IF$G89CF [\c 9XeZf G`Z_`eZ_X% Hl`\e k\e^X [\i\Z_f [\Y\i} i\ZcXdXi [\ekif [\ cfj -' [ˆXj gfjk\i`fi\j X cX ’ck`dX glYc`ZXZ`�e% 8:& (, d^ 444444 HL<;8 8ELC8;F Gfi IF9F [\c :_\hl\ Ef )00. mXcfi *''#'' [\ cX :kX% :k\% Ef% *'(-*-),'+ g\ik\e\Z`\e$ k\ X I@M8;<E<@I8 8C8I:FE# >LJK8MF$8C=FEJF [\c 9XeZf G`Z_`eZ_X% Hl`\e k\e^X [\i\Z_f [\Y\i} i\ZcXdXi [\ekif [\ cfj -' [ˆXj gfjk\i`fi\j X cX ’ck`dX glYc`ZXZ`�e% 8:& (- d^ 444444 HL<;8 8ELC8;F Gfi G<I;@;8 [\c :_\hl\ Ef (0.. mXcfi (+%,,'#'' [\ cX :kX% :k\% Ef% *',''/'-'+ g\ik\e\$ Z`\ek\ X CFG<Q K8G@8# ;8IN@E$ ?LD9<IKF [\c 9XeZf G`Z_`eZ_X% Hl`\e k\e^X [\i\Z_f [\Y\i} i\ZcX$ dXi [\ekif [\ cfj -' [ˆXj gfjk\$ i`fi\j X cX ’ck`dX glYc`ZXZ`�e% 8:& (. d^ 444444 HL<;8 8ELC8;F Gfi IF9F [\c :_\hl\ Ef ))( Xc )/' [\ cX :kX% :k\% Ef% *+.0.'.0'+ g\ik\e\Z`\ek\ X >L<II<IF D8I:8P8K8#;FI@J$ A8E<K? [\c 9XeZf G`Z_`eZ_X% Hl`\e k\e^X [\i\Z_f [\Y\i} i\ZcX$ dXi [\ekif [\ cfj -' [ˆXj gfjk\$ i`fi\j X cX ’ck`dX glYc`ZXZ`�e% 8:& (/ d^ 444444 HL<;8 8ELC8;F Gfi IF9F [\c :_\hl\ Ef
Ĺ?
)/( Xc *+' [\ cX :kX% :k\% Ef% *+-0(''.'+ g\ik\e\Z`\ek\ X D8>>@ KI@M@EF# <;N@E$;8E@CF [\c 9XeZf G`Z_`eZ_X% Hl`\e k\e^X [\i\Z_f [\Y\i} i\ZcXdXi [\ekif [\ cfj -' [ˆXj gfjk\i`fi\j X cX ’ck`dX glYc`ZXZ`�e% 8:& (0 d^ 444444 HL<;8 8ELC8;F Gfi G<I;@;8 [\c :_\hl\ Ef )/+, mXcfi 0*#0. [\ cX :kX% :k\% Ef% **/++'()'+ g\ik\e\Z`\ek\ X K8CC<I<J 8LKF<E;<I<Q8I :@8% CK;8% [\c 9XeZf G`Z_`eZ_X% Hl`\e k\e^X [\i\Z_f [\Y\i} i\ZcX$ dXi [\ekif [\ cfj -' [ˆXj gfjk\$ i`fi\j X cX ’ck`dX glYc`ZXZ`�e% 8:& )' d^ 444444 HL<;8 8ELC8;F Gfi G<I;@;8 [\c :_\hl\ Ef ('(*- mXcfi )*0#,) [\ cX :kX% :k\% Ef% *'))/.*+'+ g\ik\e\$ Z`\ek\ X LE@M<I :I@JK@8E8 C8K@EF8D<I@:8E8 [\c 9XeZf G`Z_`eZ_X% Hl`\e k\e^X [\i\Z_f [\Y\i} i\ZcXdXi [\ekif [\ cfj -' [ˆXj gfjk\i`fi\j X cX ’ck`dX glYc`ZXZ`�e% 8:& )( d^ 444444 HL<;8 8ELC8;F Gfi IF9F [\c :_\hl\ Ef ))( Xc )/' [\ cX :kX% :k\% Ef% *+'*,,*/'+ g\ik\e\Z`\ek\ X ?@EFAFJ8 :FI;FM8# I@K8$ PFC8E;8 [\c 9XeZf G`Z_`eZ_X% Hl`\e k\e^X [\i\Z_f [\Y\i} i\ZcX$ dXi [\ekif [\ cfj -' [ˆXj gfjk\$ i`fi\j X cX ’ck`dX glYc`ZXZ`�e% 8:& )) d^ 444444 HL<;8 8ELC8;F Gfi G<I;@;8 [\c :_\hl\ Ef ()-) mXcfi ('.#00 [\ cX :kX% :k\% Ef% **-)/0*.'+ g\ik\e\Z`\ek\ X M@CC8C98 :FP8>F# <EI@HL<$ N@CD8E [\c 9XeZf G`Z_`eZ_X% Hl`\e k\e^X [\i\Z_f [\Y\i} i\ZcX$ dXi [\ekif [\ cfj -' [ˆXj gfjk\$ i`fi\j X cX ’ck`dX glYc`ZXZ`�e% 8:& )* d^ 444444 HL<;8 8ELC8;F Gfi G<I;@;8 [\c :_\hl\ Ef .)- mXcfi +''#'' [\ cX :kX% :k\% Ef% *+')//)('+ g\ik\e\Z`\ek\ X 9L@KIFE D<Q8# @M8E$D8I:<CF [\c 9XeZf G`Z_`eZ_X% Hl`\e k\e^X [\i\Z_f [\Y\i} i\ZcXdXi [\ekif [\ cfj -' [ˆXj gfjk\i`fi\j X cX ’ck`dX glYc`ZXZ`�e% 8:& )+ d^ 444444 HL<;8 8ELC8;F Gfi IF9F [\c :_\hl\ Ef *') [\ cX :kX% :k\% Ef% *+,,+.)/'+ g\ik\e\Z`\ek\ X 8E>FJ CFG<Q#G8LC@E8$<C@Q89<K? [\c 9XeZf G`Z_`eZ_X% Hl`\e k\e^X [\i\Z_f [\Y\i} i\ZcXdXi [\ekif [\ cfj -' [ˆXj gfjk\i`fi\j X cX ’ck`dX glYc`ZXZ`�e% 8:& ), d^ 444444 HL<;8 8ELC8;F Gfi G<I;@;8 [\c :_\hl\ Ef )-( Xc *-' [\ cX :kX% :k\% Ef% *+.'(.+-'+ g\ik\e\Z`\ek\ X D8PFI>8 <JKI<CC8#CL@J$ <;L8I;F [\c 9XeZf G`Z_`eZ_X% Hl`\e k\e^X [\i\Z_f [\Y\i} i\ZcX$ dXi [\ekif [\ cfj -' [ˆXj gfjk\$ i`fi\j X cX ’ck`dX glYc`ZXZ`�e% 8:& )- d^ 444444 HL<;8 8ELC8;F Gfi G<I;@;8 [\c :_\hl\ Ef )*.' [\ cX :kX% :k\% Ef% **-)-.**'+ g\ik\e\Z`\ek\ X K8G@8 >FD<Q# A<EEP$<C@Q89<K? [\c 9XeZf G`Z_`eZ_X% Hl`\e k\e^X [\i\Z_f [\Y\i} i\ZcXdXi [\ekif [\ cfj -' [ˆXj gfjk\i`fi\j X cX ’ck`dX glYc`ZXZ`�e% 8:& ). d^ 444444 HL<;8 8ELC8;F Gfi IF9F [\c :_\hl\ Ef +,+ Xc +/* [\ cX :kX% :k\% Ef% *+*+(/,-'+ g\ik\e\Z`\ek\ X ?@;8C>F 8I>L<CCF# FD8I$ =89I@:@F [\c 9XeZf G`Z_`eZ_X% Hl`\e k\e^X [\i\Z_f [\Y\i} i\ZcX$ dXi [\ekif [\ cfj -' [ˆXj gfjk\$ i`fi\j X cX ’ck`dX glYc`ZXZ`�e% 8:& )/ d^ 444444 HL<;8 8ELC8;F Gfi IF9F [\c :_\hl\ Ef +/+ Xc +0' [\ cX :kX% :k\% Ef% *+*+(/,-'+ g\ik\e\Z`\ek\ X ?@;8C>F 8I>L<CCF# FD8I$ =89I@:@F [\c 9XeZf G`Z_`eZ_X% Hl`\e k\e^X [\i\Z_f [\Y\i} i\ZcX$ dXi [\ekif [\ cfj -' [ˆXj gfjk\$ i`fi\j X cX ’ck`dX glYc`ZXZ`�e% 8:& )0 d^
COOPROGRESO ;\Y`[f X cX g„i[`[X [\ cX C`Yi\kX [\ 8_fiifj Ef +'+((')+/**0 p C`Yi\kX [\ 8gfikXZ`fe\j Ef% +'+(.'(0/+(' [\ cX :ffg\iXk`mX
IÂŒbe [b ^ecXh[ gk[ dWZW [if[hW [i l[hZWZ[hWc[dj[ b_Xh[$ ;:M7H: OEKD=
[\ 8_fiif p :i„[`kf :ffgif^i\jf C`d`kX[X# g\ik\e\Z`\ek\ X :8@Q8 D8C;FE8;F D<I@ <DG<I8 j\ gifZ\[\i} X XelcXicX% GXik`ZlcXi hl\ j\ gfe\ \e ZfefZ`d`\ekf [\c g’Yc`Zf# gXiX hl\ hl`\e j\ Zi\X Zfe [\i\Z_fj jfYi\ \c d\eZ`feX[f [fZld\ekf cfj i\ZcXd\% 8:&&( d^ 44444 ;\Y`[f X cX g„i[`[X [\ cX C`Yi\kX [\ 8_fiifj Ef '+'(+-,//( p C`Yi\kX [\ 8gfikXZ`fe\j Ef% '+.')(0/*- [\ cX :ffg\iXk`mX [\ 8_fiif p :i„[`kf :ffgif^i\jf C`d`kX[X# g\ik\e\Z`\ek\ X CCL>J8 KF8G8EK8 <;N@E G8KI@:@F j\ gifZ\[\i} X XelcXicX% GXik`ZlcXi hl\ j\ gfe\ \e ZfefZ`d`\ekf [\c g’Yc`Zf# gXiX hl\ hl`\e j\ Zi\X Zfe [\i\Z_fj jfYi\ \c d\eZ`feX[f [fZld\ekf cfj i\ZcXd\% 8:&&) d^ 44444 ;\Y`[f X cX g„i[`[X [\ cX C`Yi\kX [\ 8_fiifj Ef '+'(,)((*( [\ cX :ffg\iXk`mX [\ 8_fiif p :i„[`kf :ffgif^i\jf C`d`kX[X# g\ik\$ e\Z`\ek\ X =8A8I;F IL@CFM8 :?I@JK@8E ><I8I;F j\ gifZ\$ [\i} X XelcXicX% GXik`ZlcXi hl\ j\ gfe\ \e ZfefZ`d`\ekf [\c g’Yc`$ Zf# gXiX hl\ hl`\e j\ Zi\X Zfe [\i\Z_fj jfYi\ \c d\eZ`feX[f [fZld\ekf cfj i\ZcXd\% 8:&&* d^ 44444 ;\Y`[f X cX g„i[`[X [\ cX C`Yi\kX [\ 8_fiifj Ef '0'((+--*' p C`Yi\kX [\ 8gfikXZ`fe\j Ef% '0.'''.0.+ [\ cX :ffg\iXk`mX [\ 8_fiif p :i„[`kf :ffgif^i\jf C`d`kX[X# g\ik\e\Z`\ek\ X K<A8;8 8I8LAF B8I@E8 ;<C IFJ8I@F j\ gifZ\[\i} X XelcXicX% GXik`ZlcXi hl\ j\ gfe\ \e ZfefZ`d`\ekf [\c g’Yc`Zf# gXiX hl\ hl`\e j\ Zi\X Zfe [\i\Z_fj jfYi\ \c d\eZ`feX[f [fZld\ekf cfj i\ZcXd\% 8:&&+ d^ 44444 ;\Y`[f X cX g„i[`[X [\ cX C`Yi\kX [\ 8_fiifj Ef (''((*/+.' [\ cX :ffg\iXk`mX [\ 8_fiif p :i„[`kf :ffgif^i\jf C`d`kX[X# g\ik\e\$ Z`\ek\ X G<I8CK8 N<8KK<P CLQ ;8C@8 j\ gifZ\[\i} X XelcXicX% GXik`ZlcXi hl\ j\ gfe\ \e Zfef$ Z`d`\ekf [\c g’Yc`Zf# gXiX hl\ hl`\e j\ Zi\X Zfe [\i\Z_fj jfYi\ \c d\eZ`feX[f [fZld\ekf cfj i\ZcXd\% 8:&&, d^ 44444 ;\Y`[f X cX g„i[`[X [\ cX C`Yi\kX [\ 8_fiifj Ef ()''''**** [\ cX :ffg\iXk`mX [\ 8_fiif p :i„[`kf :ffgif^i\jf C`d`kX[X# g\ik\e\Z`\ek\ X G8:?8:8D8 :8E>8?L8D@E CL@J >FEQ8CF j\ gifZ\[\i} X XelcXicX% GXik`ZlcXi hl\ j\ gfe\ \e ZfefZ`d`\ekf [\c g’Yc`Zf# gXiX hl\ hl`\e j\ Zi\X Zfe [\i\Z_fj jfYi\ \c d\eZ`feX[f [fZld\ekf cfj i\ZcXd\% 8:&&- d^ 44444 ;\Y`[f X cX g„i[`[X [\ cX C`Yi\kX [\ 8_fiifj Ef (*(''-('.) p C`Yi\kX [\ 8gfikXZ`fe\j Ef% (*.''*0*,) [\ cX :ffg\iXk`mX [\ 8_fiif p :i„[`kf :ffgif^i\jf C`d`kX[X# g\ik\e\Z`\ek\ X @D98 :8:L8E>F >C8;PJ @E<C;8 j\ gifZ\[\i} X XelcXicX% GXik`ZlcXi hl\ j\ gfe\ \e ZfefZ`d`\ekf [\c g’Yc`Zf# gXiX hl\ hl`\e j\ Zi\X Zfe [\i\Z_fj jfYi\ \c d\eZ`feX[f [fZld\ekf cfj i\ZcXd\% 8:&&. d^ 44444 ;\Y`[f X cX g„i[`[X [\ cX C`Yi\kX [\ 8_fiifj Ef '(('+**')+ p C`Yi\kX [\ 8gfikXZ`fe\j Ef% '(.'(-.(.+ [\ cX :ffg\iXk`mX [\ 8_fiif p :i„[`kf :ffgif^i\jf C`d`kX[X# g\ik\e\Z`\ek\ X @D98HL@E>8 FEK8E<;8 AL8E =I8E:@J:F j\ gifZ\[\i} X XelcXicX% GXik`ZlcXi hl\ j\ gfe\ \e ZfefZ`d`\ekf [\c g’Yc`Zf# gXiX hl\ hl`\e j\ Zi\X Zfe [\i\Z_fj jfYi\ \c d\eZ`feX[f [fZld\ekf cfj i\ZcXd\% 8:&&/ d^ 44444 ;\Y`[f X cX g„i[`[X [\ cX C`Yi\kX [\ 8_fiifj Ef *('(.*'.* p C`Yi\kX [\ 8gfikXZ`fe\j Ef% *.'('(.+' # [\ cX :ffg\iXk`mX [\ 8_fiif p :i„[`kf :ffgif^i\jf C`d`kX[X# g\ik\e\$ Z`\ek\ X >FI;FE >FEQ8C<Q AFJ< I@>F9<IKF j\ gifZ\[\i} X XelcXicX% GXik`ZlcXi hl\ j\ gfe\ \e ZfefZ`d`\ekf [\c g’Yc`Zf# gXiX hl\ hl`\e j\ Zi\X Zfe [\i\Z_fj jfYi\ \c d\eZ`feX[f [fZld\ekf cfj i\ZcXd\% 8:&&( d^ 44444 ;\Y`[f X cX g„i[`[X [\ cX C`Yi\kX [\
8_fiifj Ef '+('*-*'+0 p C`Yi\kX [\ 8gfikXZ`fe\j Ef% '+.'(.+++) # [\ cX :ffg\iXk`mX [\ 8_fiif p :i„[`kf :ffgif^i\jf C`d`kX[X# g\ik\e\Z`\ek\ X DFI8C<J >L8GLC<D8 =I8EBC@E ?<IE8E j\ gifZ\[\i} X XelcXicX% GXik`ZlcXi hl\ j\ gfe\ \e ZfefZ`d`\ekf [\c g’Yc`Zf# gXiX hl\ hl`\e j\ Zi\X Zfe [\i\Z_fj jfYi\ \c d\eZ`feX[f [fZld\ekf cfj i\ZcXd\% 8:&&) d^ 44444 ;\Y`[f X cX g„i[`[X [\ cX C`Yi\kX [\ 8_fiifj Ef '-''''*.(- [\ cX :ffg\iXk`mX [\ 8_fiif p :i„[`kf :ffgif^i\jf C`d`kX[X# g\ik\$ e\Z`\ek\ X A8I8D@CCF G<I<Q D8I@8 =<IE8E;8 j\ gifZ\[\i} X XelcXicX% GXik`ZlcXi hl\ j\ gfe\ \e ZfefZ`d`\ekf [\c g’Yc`Zf# gXiX hl\ hl`\e j\ Zi\X Zfe [\i\Z_fj jfYi\ \c d\eZ`feX[f [fZld\ekf cfj i\ZcXd\% 8:&&* d^ 44444 ;\Y`[f X cX g„i[`[X [\ cX C`Yi\kX [\ 8_fiifj Ef ('(''-/,+. [\ cX :ffg\iXk`mX [\ 8_fiif p :i„[`kf :ffgif^i\jf C`d`kX[X# g\ik\e\$ Z`\ek\ X G8I<;<J DFEK<IF =I8EBC@E JK8C@E j\ gifZ\[\i} X XelcXicX% GXik`ZlcXi hl\ j\ gfe\ \e ZfefZ`d`\ekf [\c g’Yc`Zf# gXiX hl\ hl`\e j\ Zi\X Zfe [\i\Z_fj jfYi\ \c d\eZ`feX[f [fZld\ekf cfj i\ZcXd\% 8:&&+ d^ 44444 ;\Y`[f X cX g„i[`[X [\ cX C`Yi\kX [\ 8gfikXZ`fe\j Ef% '+.')'-)+) # :kX% Gif^i\jXi Fif '+/''').(+ [\ cX :ffg\iXk`mX [\ 8_fiif p :i„[`kf :ffgif^i\jf C`d`kX[X# g\ik\e\Z`\ek\ X M<C8JHL<Q J8D98:?< AL;@K? ;< CFJ 8E><C<J j\ gifZ\[\i} X Xel$ cXicX% GXik`ZlcXi hl\ j\ gfe\ \e ZfefZ`d`\ekf [\c g’Yc`Zf# gXiX hl\ hl`\e j\ Zi\X Zfe [\i\Z_fj jfYi\ \c d\eZ`feX[f [fZld\ekf cfj i\ZcXd\% 8:&&, d^ 44444 ;\Y`[f X cX g„i[`[X [\ cX C`Yi\kX [\ 8_fiifj Ef (*(''*.+,/ p C`Yi\kX [\ 8gfikXZ`fe\j Ef% (*.''*)+(( # [\ cX :ffg\iXk`mX [\ 8_fiif p :i„[`kf :ffgif^i\jf C`d`kX[X# g\ik\e\Z`\ek\ X KLC:8E8Q8 ?@>L<I8 CL@J 8LI<C@8EF j\ gifZ\[\i} X XelcXicX% GXik`ZlcXi hl\ j\ gfe\ \e ZfefZ`d`\ekf [\c g’Yc`Zf# gXiX hl\ hl`\e j\ Zi\X Zfe [\i\Z_fj jfYi\ \c d\eZ`feX[f [fZld\ekf cfj i\ZcXd\% 8:&&- d^ 44444 ;\Y`[f X cX g„i[`[X [\ cX C`Yi\kX [\ 8_fiifj Ef '/('(/,*(* [\ cX :ffg\iXk`mX [\ 8_fiif p :i„[`kf :ffgif^i\jf C`d`kX[X# g\ik\e\$ Z`\ek\ X I8D@I<Q :?8M<Q 8C98 C@C@8 j\ gifZ\[\i} X XelcXicX% GXik`ZlcXi hl\ j\ gfe\ \e Zfef$ Z`d`\ekf [\c g’Yc`Zf# gXiX hl\ hl`\e j\ Zi\X Zfe [\i\Z_fj jfYi\ \c d\eZ`feX[f [fZld\ekf cfj i\ZcXd\% 8:&&. d^ 44444 ;\Y`[f X cX g„i[`[X [\ cX C`Yi\kX [\ 8_fiifj Ef 0(''(-0(, p C`Yi\kX [\ 8gfikXZ`fe\j Ef% 0.''((+,. [\ cX :ffg\iXk`mX [\ 8_fiif p :i„[`kf :ffgif^i\jf C`d`kX[X# g\ik\e\$ Z`\ek\ X DFEK<J@EFJ M8:8 G8KI@:@F C@9FI@F j\ gifZ\[\i} X XelcXicX% GXik`ZlcXi hl\ j\ gfe\ \e ZfefZ`d`\ekf [\c g’Yc`Zf# gXiX hl\ hl`\e j\ Zi\X Zfe [\i\Z_fj jfYi\ \c d\eZ`feX[f [fZld\ekf cfj i\ZcXd\% 8:&&(d^ 44444 ;\Y`[f X cX g„i[`[X [\ cX C`Yi\kX [\ 8_fiifj Ef '/''''+,*+ [\ cX :ffg\iXk`mX [\ 8_fiif p :i„[`kf :ffgif^i\jf C`d`kX[X# g\ik\e\$ Z`\ek\ X J8HL@E>8 >L8EFCL@J8 D8I@8 8E8CL@J8 j\ gifZ\[\i} X XelcXicX% GXik`ZlcXi hl\ j\ gfe\ \e ZfefZ`d`\ekf [\c g’Yc`Zf# gXiX hl\ hl`\e j\ Zi\X Zfe [\i\Z_fj jfYi\ \c d\eZ`feX[f [fZld\ekf cfj i\ZcXd\% 8:&&)d^ 44444 ;\Y`[f X cX g„i[`[X [\ cX C`Yi\kX [\ 8_fiifj Ef '+'(,'.'-' p C`Yi\kX [\ 8gfikXZ`fe\j Ef% '+.''/')0' [\ cX :ffg\iXk`mX [\ 8_fiif p :i„[`kf :ffgif^i\jf C`d`kX[X# g\ik\e\Z`\ek\ X L:?LG8EK8 JLC:8 D8I@8 ;< CFJ 8E><C<J j\ gifZ\[\i} X XelcXicX% GXik`ZlcXi hl\ j\ gfe\ \e ZfefZ`d`\ekf [\c g’Yc`Zf# gXiX hl\ hl`\e j\ Zi\X Zfe [\i\Z_fj jfYi\ \c d\eZ`feX[f [fZld\ekf cfj i\ZcXd\%
8:&&*d^ 44444 ;\Y`[f X cX g„i[`[X [\ cX C`Yi\kX [\ 8_fiifj Ef '0'((+*0)' [\ cX :ffg\iXk`mX [\ 8_fiif p :i„[`kf :ffgif^i\jf C`d`kX[X# g\ik\e\$ Z`\ek\ X J8E:?<Q DFI8C<J 9C8E:8 =89@FC8 j\ gifZ\[\i} X XelcXicX% GXik`ZlcXi hl\ j\ gfe\ \e ZfefZ`d`\ekf [\c g’Yc`Zf# gXiX hl\ hl`\e j\ Zi\X Zfe [\i\Z_fj jfYi\ \c d\eZ`feX[f [fZld\ekf cfj i\ZcXd\% 8:&&+d^ 44444 ;\Y`[f X cX g„i[`[X [\ cX C`Yi\kX [\ 8_fiifj Ef '+('*0*)(/ [\ cX :ffg\iXk`mX [\ 8_fiif p :i„[`kf :ffgif^i\jf C`d`kX[X# g\ik\e\Z`\ek\ X GFE:< G8K@zF ><I8I;8 IFQ8I@F j\ gifZ\[\i} X XelcXicX% GXik`ZlcXi hl\ j\ gfe\ \e ZfefZ`d`\ekf [\c g’Yc`Zf# gXiX hl\ hl`\e j\ Zi\X Zfe [\i\Z_fj jfYi\ \c d\eZ`feX[f [fZld\ekf cfj i\ZcXd\% 8:&&,d^ 44444 ;\Y`[f X cX g„i[`[X [\ cX C`Yi\kX [\ 8_fiifj Ef '+(')(,(-/ [\ cX :ffg\iXk`mX [\ 8_fiif p :i„[`kf :ffgif^i\jf C`d`kX[X# g\ik\$ e\Z`\ek\ X >L<II8 :8II<I8 =8EEP >I8:@<C8 j\ gifZ\[\i} X XelcXicX% GXik`ZlcXi hl\ j\ gfe\ \e ZfefZ`d`\ekf [\c g’Yc`Zf# gXiX hl\ hl`\e j\ Zi\X Zfe [\i\Z_fj jfYi\ \c d\eZ`feX[f [fZld\ekf cfj i\ZcXd\% 8:&&-d^
J\ Zfdle`ZX Xc g’Yc`Zf# cX 8elcXZ`�e gfi g„i[`[X &jlYjkiXZ$ Z`�e [\j[\ \c Z_\hl\ Ef% )+0 Zfe ]`idX p j`e mXcfi# gi\j\ekX[X gfi \c ^`iX[fi Ji% X `kX% A8E<KK G8QD@zF D8PFI>8 # ZkX% Zk\% Ef% ,'0,''(.() [\c 9XeZf 9fc`mXi`Xef% 8:& ) d^ 44444444 J\ Zfdle`ZX Xc g’Yc`Zf# cX Fgfj`Z`�e Xc gX^f gfi g\i[`[X [\c Z_\hl\ Ef% ++.) X ]Xmfi [\c GFIK8;FI :FC<>@F 8CD<D8E gi\j\ekX[X gfi J<IK<:G<K J%8% ZkX% Zk\ Ef%$ ,'','(,'** J\ gi\m`\e\ hl\ ZlXchl`\i i\ZcXdf [\Y\i} gi\j\ekXij\ \e \c gcXqf [\ -' [ˆXj X gXik`i [\ cX ]\Z_X [\ \jk\ Xm`jf% 8:& * 444444 J\ Zfdle`ZX Xc g’Yc`Zf# cX Fgfj`Z`�e Xc gX^f gfi g\i[`[X [\c Z_\hl\ Ef% .,+ X ]Xmfi [\c GFIK8;FI D8I@F 98II@>FE ZkX% Zk\ Ef%$ ''*,'),'0- %J\ gi\m`\e\ hl\ ZlXchl`\i i\ZcXdf [\Y\i} gi\j\ekXij\ \e \c gcXqf [\ -' [ˆXj X gXik`i [\ cX ]\Z_X [\ \jk\ Xm`jf% 8:& + 444444 J\ Zfdle`ZX Xc g’Yc`Zf# cX 8elcXZ`�e gfi g„i[`[X &jlYjkiXZZ`�e [\j[\ \c Z_\hl\ Ef% .-- ?XjkX \c .., j`e ]`idX p j`e mXcfi# gi\j\ekX[X gfi \c ^`iX[fi Ji% X `kX% =CFI D8I@E8 >8M@C8E<Q J8C8J # ZkX% Zk\% Ef% ,'','(..-, [\c 9XeZf 9fc`mXi`Xef% 8:& , d^
CITIBANK :@K@98EB# E%8% JlZlijXc <ZlX[fi Zfdle`ZX Xc g’Yc`Zf hl\ gfi G„i[`[X# hl\[X XelcX[f \c Z_\$ hl\ Zfe cXj j`^l`\ek\j ZXiXZk\$ iˆjk`ZXj1 >`iX[fi1 9D@ @>L8C8J D<;@:8J ;<C <:L8;FI J%8% 2 :l\ekX1 ''/(0*+')0 :_\hl\ Ef% *(+'(-) =\Z_X [\ \d`j`�e (/ D8PF )'(( :Xek`[X[ )*0%+, 9\e\]`Z`Xi`f1 D<E;FQ8 >I8EA8 J8E;I8 Hl`\e k\e^X [\i\Z_f [\Y\i} i\ZcXdXi [\ekif [\ cfj j`^l`\ek\j j\j\ekX [ˆXj gfjk\i`f$ i\j X \jkX glYc`ZXZ`�e% 8:& &( d^ 44444 :@K@98EB# E%8% JlZlijXc <ZlX[fi Zfdle`ZX Xc g’Yc`Zf hl\ gfi G„i[`[X# hl\[X XelcX[f \c Z_\$ hl\ Zfe cXj j`^l`\ek\j ZXiXZk\$ iˆjk`ZXj1 >`iX[fi1 9D@ @>L8C8J D<;@:8J ;<C <:L8;FI J%8% 2 :l\ekX1 ''/(0*+')0 :_\hl\ Ef% *(+'(-) =\Z_X [\ \d`j`�e )* ;< D8PF )'(( :Xek`[X[ ((*%.0 9\e\]`Z`Xi`f1 D<E;FQ8 >I8EA8 J8E;I8 Hl`\e k\e^X [\i\Z_f [\Y\i} i\ZcXdXi [\ekif [\ cfj j`^l`\ek\j j\j\ekX [ˆXj gfjk\i`f$ i\j X \jkX glYc`ZXZ`�e% 8:& &) d^ 44444 :@K@98EB# E%8% JlZlijXc <ZlX[fi Zfdle`ZX Xc g’Yc`Zf hl\ gfi G„i[`[X# hl\[X XelcX[f \c Z_\hl\ Zfe cXj j`^l`\ek\j ZXiXZk\iˆjk`ZXj1 >`iX[fi1 8@> D<KIFGFC@K8E8 :@8% ;< J<>LIFJ P I<8J<>LIFJ 2 :l\ekX1 ''/''),'-/ :_\hl\ Ef% ,)'(,* =\Z_X [\ \d`j`�e )* ;< D8IQF )'(( :Xek`[X[ ,-%,+ 9\e\]`Z`Xi`f1 K8EP8 P8;@I8 @z@HL<Q J@CM8 Hl`\e k\e^X [\i\$ Z_f [\Y\i} i\ZcXdXi [\ekif [\ cfj j`^l`\ek\j j\j\ekX [ˆXj gfjk\i`f$ i\j X \jkX glYc`ZXZ`�e% 8:& &*d^ 44444 :@K@98EB# E%8% JlZlijXc <ZlX[fi Zfdle`ZX Xc g’Yc`Zf hl\ gfi G„i[`[X# hl\[X XelcX[f \c Z_\hl\ Zfe cXj j`^l`\ek\j ZXiXZk\iˆjk`ZXj1 >`iX[fi1 8@> D<KIFGFC@K8E8 :@8% ;< J<>LIFJ P I<8J<>LIFJ 2 :l\ekX1 ''/''),'** :_\hl\ Ef% *')/.0( =\Z_X [\ \d`$ j`�e (+ ;< ;@:@<D9I< )'(' :Xek`[X[ -/0%)0 9\e\]`Z`Xi`f1 8LKF<OGI<JJ Hl`\e k\e^X [\i\$ Z_f [\Y\i} i\ZcXdXi [\ekif [\ cfj j`^l`\ek\j j\j\ekX [ˆXj gfjk\i`f$ i\j X \jkX glYc`ZXZ`�e% 8:& &+ d^
BANCO PROMERICA J\ XelcX gfi g„i[`[X cX C`Yi\kX Ef *--((/ [\c 98E:F GIFD<I@:8# g\ik\e\Z`\ek\ X :8I@;8; GFE:< hl`\e k\e^X [\i\Z_f [\Y\i} i\ZcX$ dXi [\ekif [\ cfj () [ˆXj gfjk\i`f$ i\j X cX ’ck`dX glYc`ZXZ`�e% 8:&&(d^ 44444444 J\ XelcX gfi g„i[`[X cX C`Yi\kX Ef ).''-+ [\c 98E:F GIFD<I@:8# g\ik\e\Z`\ek\ X CLE8 D8I@8 I<9<:8 hl`\e k\e^X [\i\Z_f [\Y\i} i\ZcXdXi [\ekif [\ cfj () [ˆXj gfjk\i`fi\j X cX ’ck`dX glYc`ZXZ`�e% 8:&&)d^ 44444444 J\ XelcX gfi g„i[`[X \c Z_\hl\ Ef% ;<C (. 8C ), ;\ cX Zl\ekX Zfii`\ek\ Ef ('*)0*0'(( [\c 98E:F GIFD<I@:8# g\ik\e\$ Z`\ek\ X DFKF:?< 8E@98C hl`\e k\e^X [\i\Z_f [\Y\i} i\ZcXdXi [\ekif [\ cfj () [ˆXj gfjk\i`fi\j X cX ’ck`dX glYc`ZXZ`�e% 8:&&* d^ 44444444 J\ XelcX gfi g„i[`[X \c Z_\hl\ Ef% ;<C * 8C / ;\ cX Zl\ekX Zfii`\e$ k\ Ef ('+++(0'(/ [\c 98E:F GIFD<I@:8# g\ik\e\Z`\ek\ X C8J:8EF 9<8KI@Q hl`\e k\e^X [\i\Z_f [\Y\i} i\ZcXdXi [\ekif [\ cfj () [ˆXj gfjk\i`fi\j X cX ’ck`$ dX glYc`ZXZ`�e% 8:&&+d^ 44444444 J\ XelcX gfi g„i[`[X cX C`Yi\kX Ef +*'+)/ [\c 98E:F GIFD<I@:8# g\ik\e\Z`\ek\ X >8I:@8 AF?8EE8 hl`\e k\e^X [\i\Z_f [\Y\i} i\ZcXdXi [\ekif [\ cfj () [ˆXj gfjk\i`fi\j X cX ’ck`dX glYc`ZXZ`�e% 8:&((',)&d^ 44444444 J\ XelcX gfi g„i[`[X cX G�c`qX [\ @em\ij`�e Ef *'-'(0/) [\c 98E:F GIFD<I@:8# g\ik\$ e\Z`\ek\ X I<@EFJF CF>IFzF >L@CF MXcfi *#'()%(0 =<% ('&',&)'(' && =M& ((&',&)'(( hl`\e k\e^X [\i\Z_f [\Y\i} i\ZcX$ dXi [\ekif [\ cfj () [ˆXj gfjk\i`f$ i\j X cX ’ck`dX glYc`ZXZ`�e% 8:&((',,&d^ 44444444 J\ XelcX gfi g„i[`[X cX C`Yi\kX Ef *-.,-0 [\c 98E:F GIFD<I@:8# g\ik\e\Z`\ek\ X IL<;8 :<M8CCJF >89I@<C8 ;<C :@JE< hl`\e k\e^X [\i\Z_f [\Y\i} i\ZcXdXi [\ekif [\ cfj () [ˆXj gfjk\i`fi\j X cX ’ck`$ dX glYc`ZXZ`�e% 8:&((')-&d^
BANCO BOLIVARIANO J\ Zfdle`ZX Xc g’Yc`Zf# cX 8elcXZ`�e gfi g„i[`[X &jlYj$ kiXZZ`�e [\j[\ \c Z_\hl\ Ef% -./ ?XjkX \c .'' j`e ]`idX p j`e mXcfi# gi\j\ekX[X gfi \c ^`iX[fi Ji% X `kX% :8IFC@E8 D@zF # ZkX% Zk\% Ef% ,'),'',-(/ [\c 9XeZf 9fc`mXi`Xef% 8:& (d^ 44444444
BANCO RUMIĂ‘AHUI HL<;8 8ELC8;8 Gfi g„i[`[X [\ cX c`Yi\kX [\ X_fiifj Ef%/)*,/0,('' Eif% (/)+)*)''') :XikfcX [\c 9XeZf Ild`ÂŒX_l`% Hl`\e k\e^X [\i\Z_f [\Y\i} i\ZcXdXi [\ekif [\ cfj () [ˆXj gfjk\i`fi\j X cX Â’ck`dX
glYc`ZXZ`�e% 8:& ( d^ 44444 HL<;8 8ELC8;8 Gfi g„i[`[X [\ cX c`Yi\kX [\ X_fiifj Ef%/'+*..+('' Eif% (-/',,/'('* :XikfcX [\c 9XeZf Ild`ŒX_l`% Hl`\e k\e^X [\i\Z_f [\Y\i} i\ZcXdXi [\ekif [\ cfj () [ˆXj gfjk\i`fi\j X cX ’ck`dX glYc`ZXZ`�e% 8:& ) d^ 44444 HL<;8 8ELC8;8 Gfi g„i[`[X [\ cX c`Yi\kX [\ X_fiifj Ef%/').,--''' Eif% (-/*,)''(-0 :XikfcX [\c 9XeZf Ild`ŒX_l`% Hl`\e k\e^X [\i\Z_f [\Y\i} i\ZcXdXi [\ekif [\ cfj () [ˆXj gfjk\i`fi\j X cX ’ck`dX glYc`ZXZ`�e% 8:& * d^ 44444 HL<;8 8ELC8;8 Gfi g„i[`[X [\ cX c`Yi\kX [\ X_fiifj Ef%/)*)-'*('' Eif% (/)(*)+'''. :XikfcX [\c 9XeZf Ild`ŒX_l`% Hl`\e k\e^X [\i\Z_f [\Y\i} i\ZcXdXi [\ekif [\ cfj () [ˆXj gfjk\i`fi\j X cX ’ck`dX glYc`ZXZ`�e% 8:& + d^ 44444 HL<;8 8ELC8;F Gfi IF9F [\c :_\hl\ Ef%(((/ MXcfi -+ [\ cX :kX Ef%/'(+../('+ g\ik\e\Z`\ek\ X FI<CC8E8# J8CFDFE$;<C@:@F [\c 9XeZf Ild`ŒX_l`% Hl`\e k\e^X [\i\Z_f [\Y\i} i\ZcXdXi [\ekif [\ cfj - [ˆXj gfjk\i`fi\j X cX ’ck`dX glYc`ZXZ`�e% 8:& , d^ 444444 K`gf [\ [fZld\ekf1 K@KLCF ;< 8::@FE# Eld\if [\ [fZld\ekf1 (-%+,-# MXcfi1 j& ,0-%(.# EfdYi\ [\c Y\e\]`Z`Xi`f f X hl`\e g\ik\$ e\Z\ \c [fZld\ekf1 C8 =L<EK< :?8:FE AL;@K? D8I>8I@K8# Eld\if [\ Z\[lcX f IL: [\c gifg`\kXi`f [\c [fZld\ekf1 (.',*./+++# <ek`[X[ \d`jfiX 98E:F ><E<I8C ILD@z8?L@ J%8 8:&('0+*&d^
BANCO PROCREDIT 9XeZf GifZi\[`k J%8% gfe\ \e ZfefZ`d`\ekf [\c g’Yc`Zf# cX Xel$ cXZ`�e gfi g„i[`[X [\ cX c`Yi\kX [\ X_fiif Ef% *-'('((,0'',* [\c Ji% 98DFEK<J J8EKFJ AFJ< I8=8<C Zfe :%@% (.'(0).-*$) 8I&/*(-'&ZZ
BANCO PICHINCHA K@KLCF <OKI8M@8;F J\ Zfdle`ZX hl\ j\ _X \okiXm`X$ [f \c kˆklcf [\ XZZ`�e Ef% ,((+,# Ef% 8::@FE<J (%-.+# \d`k`[X \e jlZi\j# X ]Xmfi [\ JljXeX D`Œf J\m`ccX% Cf hl\ gfe\dfj \e ZfefZ`d`\ekf gXiX cfj ]`e\j c\^Xc\j g\ik`e\ek\j% 8dYXkf# dXpf *( [\c )'((% !0//+/
B.N.F. J\ XelcX gfi g\i[`[X cX c`Yi\kX [\ X_fiifj ''('+*)')0 g\ik\e\$ Z`\ek\ X cX JiX% DXip <c`qXY\k_ Il`q 8lc\jk`X# Zfe :%@% (.((./-..$' [\c 9XeZf EXZ`feXc [\ =fd\ekf% 8%G%&+0*--&b%d%
8ELC8:@FE<J M8I@8J 8elcXZ`�e% Gfi g„i[`[X [\c kˆklcf [\ XZZ`�e Ef% **) gfi +' [\ >Xjg\kjX X efdYi\ [\ :XiiXeqX <jg`efqX ?l^f 8I&/*(-,&ZZ 444444 Gfi g„i[`[X j\ XelcXe cfj kˆklcfj [\ XZZ`fe\j Efj% ((/,( Xc ((/-' p ..,./ Xc ..-/- gfi + LJ8 ZX[X leX# [\ >Xjg\kjX X efdYi\ [\ :Xicfj <% A}Zfd\ :% 8I&/*(-.&ZZ 444444 J\ XelcX cX :l\ekX [\ 8_fiifj# g\ik\e\Z`\ek\ X >feqXcf 9\e`kf M\iX :\g\[X Ef% ;\ Zl\e$ kX ''('*.0+), [\c 9XeZf [\ =fd\ekf% 8:&.00-0&k]