Ä
Ĺ?
(1#!3.1 ēŊ Ŋ Ŋ }
"(3.1 ĹŠ ÂĄ ĹŠ
Ĺ?ĂąĹ? Ĺ? Ĺ? Ĺ?Ä‚Ä€Ä Ä
Ĺ? +. Ĺ? ÄŒĹ? Ĺ? +Ä?Ĺ?ĊĆĂÄ
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
+Ŋ)4(!(.Ŋ"#Ŋ"(5.1!(.Ŋ #-Ŋ#+Ŋ !4 ".1 Ė Ŋ ēŊ ^Ŋ } Ŋ }
H;I;y7 >?IJâH?97 9ece [i Z[ YedeY_c_[dje ][d[hWb" [b Z_lehY_e [i kdW _di# j_jkY_ÂŒd" gk[ i[ _djheZkY[ [d bei ehZ[dWc_[djei `kh‡# Z_Yei [khef[ei" [if[Y_Wb# c[dj[ bk[]e Z[ bW H[\ehcW Fhej[ijWdj[ Z[ Bkj[he o 9Wbl_de" o jecW ]hWd _cfeh# jWdY_W W fWhj_h Z[b i_]be NL??? Yed bW H[lebkY_ÂŒd <hWdY[iW" Yedieb_Z|dZei[ Z[\_d_j_lW# c[dj[ [d [b ;ijWZe B_X[hWb gk[ dWY[ [d [b W‹e Z[ '.+&1 f[he Yece Wb]k_[d cWd_\[ijWXW Æ>WY[h bW ^_ijeh_W Z[b Z_lehY_e [d [b ckdZe" [i ^WY[h bW ^_ijeh_W Z[b cWjh_ced_eÇ$ ;d [b 9ÂŒZ_]e Z[ >WckhWX_ W \_d[i Z[b W‹e )$&&& 7$9 oW i[ jhWjW ieXh[ Z_lehY_e Z[ kdW cWd[hW h[ijh_d]_ZW1 c_[djhWi gk[ [d bW ƒfeYW Z[ Ce_iƒi [b Z_lehY_e [i kd c_ij[h_e" fk[i fWh[Y[ gk[ bW 8_Xb_W [i ^eij_b W [ijW _dij_jkY_ÂŒd" f[he [n_ij‡W bW Wcfb_W fei_X_b_ZWZ Z[ gk[ [b ^ecXh[ h[fkZ_[ W bW ck`[h feh Yk[ij_ed[i XWbWZ‡[i$ ;d [b b_Xhe Z[ bW 8_Xb_W Z[de# c_dWZe [b :[kj[hedec_e" [d [b YWf‡jkbe (*" l[hi‡Ykbe '" Z_Y[ Æ9kWdZe kd ^ecXh[ oW ^W jecW# Ze kdW ck`[h o Ye^WX_jWZe Yed [bbW" i_ Z[ifkƒi de b[ W]hWZW# h[" fehgk[ [dYk[djhW [d [bbW YeiW jehf[" b[ [iYh_X_h| b_X[be Z[ h[fkZ_e" bW Z[lebl[h| o bW [Y^Wh| Z[ ik YWiWÇ1 f[he ^Wo gk[ h[YedeY[h gk[ [d YWc# X_e Ce_iƒi Yedi_Z[hÂŒ gk[ WcXei YÂŒdok][i j[d‡Wd bei c_icei Z[h[Y^ei"
f[he WZc_j_ÂŒ [b Z_lehY_e Yece cWb c[deh" f[he iebe [hW WZc_# j_Ze feh WZkbj[h_e e feh l[h]ed# peiWi _d\hWYY_ed[i W bei Z[X[h[i cWjh_ced_Wb[i$ ;d [b :[h[Y^e HecWde [d kd fh_c[h cec[dje i[ Yedi_Z[hÂŒ gk[ [b cWjh_ced_e [hW _dZ_iebk# Xb[ o [hWd cko hWhei bei YWiei Z[ Z_lehY_e" f[he bk[]e \k[ [nj[dZ_ƒdZei[ bW YeijkcXh[ Z[ [ijW \_]khW `kh‡Z_YW o Wb \_dWb Z[ ik [lebkY_ÂŒd ^_i# jÂŒh_YW i[ bW WZc_j_ÂŒ b_Xh[# c[dj[" i_d j[ij_]ei" i_d \ehcWb_ZWZ[i o feh bW iebW lebkdjWZ Z[ YkWbgk_[hW Z[ bei YÂŒdok][i1 Z[ jWb cWd[# hW gk[ [b ^_ijeh_WZeh Iƒd[YW h[Yk[hZW gk[ ^WbbWh ck`[h[i gk[ YedjWXWd iki W‹ei" de feh bei c[i[i gk[ jhWdiYkhh‡Wd [djh[ W‹e o W‹e" i_de feh [b d‘c[he Z[ iki cWh_Zei$ BWi b[o[i0 @kb_W Z[ 7Zkbj[h_i" FWf_W Fef[W o :[ CWh_jkcZ_d_i EhZ_d_Xki" fheckb]WZWi feh [b [cf[# hWZeh 7k]kije" l_d_[hed W Z_ic_dk_h [b d‘c[he Z[ Z_lehY_ei" iWdY_edWdZe W bei gk[ fh[j[dZ‡Wd Z_leh# Y_Whi[ i_d `kijW YWkiW" Z[ jWb ceZe gk[ gk_[d be _dj[djWXW Z[X‡W XWiWhi[ [d YWkiW b[]Wb" Z[ be YedjhWh_e [hW YWij_]W# Ze1 f[he jWcX_ƒd WfWh[Y_ÂŒ bW fei_X_b_ZWZ Z[b Z_lehY_e feh ckjke Yedi[dj_c_[dje$ Bei [cf[hWZeh[i 9edijWdj_de o bk[]e @kij_d_Wde" h[ijh_d]_[# hed [b Z_lehY_e o [ijWXb[Y_[hed Z[j[hc_dWZWi YWkiWb[i fWhW ik fhefÂŒi_je$ BW ?]b[i_W 9WjÂŒb_YW" 7feijÂŒb_YW o HecWdW" h[YWbYW gk[ [b cW[i# jhe @[i‘i Z_`e Æ7gkƒb gk[ h[fk# Z_W W ik ck`[h" WZ[#
dk[ijhW b[]_ibWY_ÂŒd Y_l_b WYjkWb$
c|i Z[ gk[h[h [b WZkbj[h_e ^WY[ gk[ [bbW be Yec[jW o gk_[d jecW W kdW ck`[h h[fkZ_WZW Yec[j[ WZkbj[h_e$ Be gk[ :_ei `kdjÂŒ" [b ^ecXh[ de be i[fWhWÇ IWd CWj[e YWf‡jkbe N?N" l[hi‡Yk# bei Z[b ) Wb '( 1 o" Wi‡ i[ [ijWXb[Y[ Z[ [ij[ ceZe bW _dZ_iebk# X_b_ZWZ Z[b cWjh_ced_e" gk[ [d dk[ijhe fW‡i [i Z[\[dZ_ZW feh bW ?]b[i_W 9WjÂŒb_YW o [if[Y_Wbc[d# j[ feh Cedi[‹eh @kWd BWhh[W >eb]k‡d [d ik jhWjWZe `kh‡Z_Ye ieXh[ Z[h[Y^e Y_l_b [d bW fWhj[ Z[ bW \Wc_b_W$ 7YjkWbc[dj[ bW ?]b[i_W 9WjÂŒb_YW de h[YedeY[ [b Z_lehY_e i[YkbWh" f[he [d bWi YbWi[i gk[ [b ikiYh_je j[d‡W Yed Cedi[‹eh Ă›d][b =WXh_[b Fƒh[p" Wb [ijkZ_Wh :[h[Y^e 9WdÂŒd_Ye [d bW FK9;" dei cWd_\[ijWXW gk[ i[ b[]_ibW ieXh[ [b Z_lehY_e
_cf[h\[Yje" [ije [i bW i[fW# hWY_Œd Z[ bei YŒdok][i" f[hcWd[Y_[dZe [b l‡dYk# be" fk[i Yece gk[ZW cWd_# \[ijWZe [ijW _dij_jkY_Œd" bW ?]b[i_W bW jeb[hW Yece kd cWb c[deh1 f[he iebWc[d# j[ Z[iZ[ [b '' Z[ del_[cXh[ Z[ '+&)" [d gk[ i[ Y[b[XhŒ [b 9edY_b_e Z[ Jh[dje" [b YedjhWje o [b iWYhWc[d# je Z[b cWjh_ced_e YWjŒ# b_Ye" ]epWd Z[ _dZ_ie# bkX_b_ZWZ" be YkWb [l _ Z[ dj [ c [ dj [ YedjhWh_W Yed
H;I;y7 >?IJâH?97 :;B :?LEH9?E ;D ;B ;9K7:EH 9ece [i Z[ YedeY_c_[dje ][d[hWb o Wi‡ be cWd_\_[ije [d lWh_ei jhWXW`ei gk[ ^[ fkXb_# YWZe o [d [b CÂŒZkbe :[h[Y^e Z[ <Wc_b_W [d bW Kd_l[hi_ZWZ ?dZeWcƒh_YW Z[ bW YkWb ieo \WY_# b_jWZeh" [d './+ i[ [ijWXb[Y_ÂŒ feh fh_c[hW l[p [b cWjh_ced_e Y_l_b [d dk[ijhe fW‡i1 [d '/&( i[ WZc_j_ÂŒ [b Z_lehY_e feh WZkbj[h_e Z[ bW ck`[h1 [d '/&* i[ WY[fjW# hed ejhWi Zei YWkiWb[i fWhW [b Z_lehY_e" [ije [i0 WZkbj[h_e Z[ bW ck`[h" YedYkX_dWje Z[b cWh_Ze o Wj[djWZe Z[ kde Z[ bei [ifeiei YedjhW bW l_ZW Z[b ejhe$ ;b )& Z[ i[fj_[cXh[ Z[ '/'& i[ _djheZk`e [b Z_lehY_e feh ckjke Yedi[d# j_c_[dje$ 9ED9;FJE :; :?LEH9?E ;j_cebÂŒ]_YWc[dj[ l_[d[ Z[ bW lep bWj_dW Z_lehj_kc" [ije [i i[ Z[`W [d YbWhe gk[ [b ^[Y^e Z[ gk[ Z[ifkƒi Z[ ^WX[h h[Yehh_Ze kd_# Zei bei Zei YÂŒdok][i" kd jh[Y^e i[ Wb[`Wd feh Z_\[h[dj[i YWc_dei" [ije [i YWZW kde lW feh ik bWZe$ JWcX_ƒd i[ Z_Y[ gk[ Z_lehY_e l_[d[ Z[b bWj‡d Z_l[hj[h[" gk[ gk_[h[ Z[Y_h YWZW kde feh ik bWZe" fWhW de lebl[hi[ W `kdjWh$ ;d dk[ijhW b[]_ibWY_ÂŒd i[ bbWcW Z_lehY_e W bW WYY_ÂŒd e Z[\[Yje Z[ Z_lehY_Whi[" [i Z[Y_h bW WYY_ÂŒd e [\[Yje Z[ i[fWhWh" YkoW Z[YbWhWY_ÂŒd b[ ^WY[ [b `k[p Yecf[j[dj[ feh i[dj[dY_W1 Z[ jWb ceZe gk[ [b Z_lehY_e [i bW hkfjkhW Z[b cWjh_ced_e lWb_Ze1 o i[]‘d [b :_YY_edWh_e @kh‡Z_Ye 8bWa" Z_lehY_e [i ÆBW i[fWhWY_ÂŒd b[]Wb Z[ kd ^ecXh[ o ik ck`[h" fheZkY_ZW feh Wb]kdW YWkiW b[]Wb" feh i[dj[dY_W `kZ_Y_Wb o gk[ Z_ik[bl[ Yecfb[jWc[dj[ bWi h[bWY_ed[i cWjh_ced_Wb[i e ikfh_c[ bei [\[Yjei [d be gk[ i[ h[\_[h[ W bW Ye^WX_jWY_ÂŒd Z[ bWi fWhj[i$ FWhW [b Z_ij_d]k_Ze `kh_i# jW :h$ Bk_i FWhhW]k[p" Z_lehY_e Æ;i bW hkfjkhW Z[b l_dYkbe cWjh_# ced_Wb lWb_Ze" fheZkY_Ze [d l_ZW Z[ bei YÂŒdok][i" [d l_hjkZ Z[ kdW h[iebkY_ÂŒd `kZ_Y_WbÇ$ 9B7I;I :; :?LEH9?E ;D :FEK@EL8 <E C8 GĂ?>@E8 $ :)
Ĺ? Ĺ?
Ĺ?
Ĺ? Ĺ?
Ĺ?
Ä‚
Ĺ? ĂąĹ? Ĺ? Ĺ? Ĺ?Ä‚Ä€Ä Ä
Ĺ? +. Ĺ? ÄŒĹ?
DK;IJH7 B;=?IB79?âD >Wo Zei YbWi[i Z[ Z_lehY_ei0 [b Yedi[dikWb o [b Yedj[dY_eie$ ;b Z_lehY_e Yedi[dikWb" [i [b gk[ i[ Z[Y_Z[ feh ckjke Yedi[d# j_c_[dje Z[ WcXei YÂŒdok][i o gk[ [i Z[YbWhWZe feh i[dj[dY_W `kZ_Y_Wb" [ij| fh[l_ije [d [b 7hj$ '&- Z[b 9ÂŒZ_]e 9_l_b YeZ_\_YWZe$ ;b Z_lehY_e Yedj[dY_eie" [i [b ieb_Y_jWZe feh kde Z[ bei YÂŒd# ok][i" i_d e YedjhW bW lebkdjWZ Z[b ejhe" feh kdW e lWh_Wi Z[ bWi YWkiWb[i Z[b 7hj$ ''& Z[b 9ÂŒZ_]e 9_l_b 97H79J;HĂžIJ?97I :; B7 799?âD :; :?LEH9?E Dk[ijhW b[]_ibWY_ÂŒd [YkWjeh_W# dW i[‹WbW bWi i_]k_[dj[i0 W BW WYY_ÂŒd Z[ Z_lehY_e [i f[hie# dWb‡i_cW" [i fh_lWj_lW Z[ bei YÂŒdok][i1 o WZ[c|i" [ijei [d lWh_ei YWiei" iebe fk[Z[ i[h ieb_Y_jWZe feh [b YÂŒdok][ _deY[dj[ feh h[]bW ][d[hWb W [nY[fY_ÂŒd Z[ bW YWkiWb ZƒY_cW fh_c[hW _dY_ie i[]kdZe1 Wi‡ [b Z_lehY_e [i kdW Z_ifkjW [djh[ bei YÂŒdok][i1 [i c[d[ij[h i[‹WbWh gk[ [b ‘bj_ce _dY_ie Z[b 7hj$ ''& Z[b 9ÂŒZ_]e 9_l_b cWd_\_[ijW Æ;b Z_lehY_e feh [ijWi YWkiWi i[h| Z[YbWhWZe `kZ_Y_Wbc[dj[ feh i[dj[dY_W [`[Ykjeh_WZW" [d l_hjkZ Z[ Z[cWdZW fhefk[ijW feh [b YÂŒdok][ gk[ i[ Yh[o[h[ f[h# `kZ_YWZe feh bW [n_ij[dY_W Z[ kdW e c|i Z[ Z_Y^Wi YWkiWi" Yed bW iWbl[ZWZ [ijWXb[Y_ZW [d [b _dY_ie i[]kdZe Z[ bW YWkiWb '' Z[ [ij[ Whj‡YkbeÇ1 X BW WYY_ÂŒd Z[ Z_lehY_e de fk[Z[ h[dkdY_Whi[ o i[]‘d dk[ijhe ehZ[dWc_[dje `kh‡Z_# Ye" [ije i[ Z[X[ W gk[ de iebe Yecfhec[j[ [b _dj[hƒi _dZ_# l_ZkWb Z[b bei YÂŒdok][i i_de gk[ jWcX_ƒd [djhW [b `k[]e [b _dj[hƒi ][d[hWb Z[ bW ieY_[ZWZ o feh jWb [i kdW Z_ifei_Y_ÂŒd Z[ ehZ[d f‘Xb_Ye" Yedi_Z[hWdZe gk[ [b cWjh_ced_e [i bW XWi[ Z[ bW \Wc_b_W o bW \Wc_b_W [i [b d‘Yb[e \kdZWc[djWb Z[ bW ieY_[ZWZ$ ;b 7hj$ '() Z[b 9ÂŒZ_]e 9_l_b YeZ_\_YWZe cWd_\_[ijW ÆIed _hh[dkdY_WXb[i bW WYY_ÂŒd Z[ dkb_ZWZ Z[ cWjh_ced_e o bW Z[ Z_lehY_e$ Be [i jWcX_ƒd [b Z[h[Y^e Z[b YÂŒd# ok][ W gk[ [d YWie Z[ Z_leh# Y_e" i[ b[ [djh[]k[ bW fWhj[ Z[ bei X_[d[i Z[b ejhe" W gk[ i[
Ĺ?
h[\_[h[ [b Whj‡Ykbe ''(Ç" Z[ jWb ceZe gk[ [b [ijWZe Y_l_b Z[ bWi f[hiedWi de fk[Z[ i[h eX`[je Z[ Yedl[dY_ÂŒd" fk[i fk[Z[ fh[ijWhi[ W ckY^Wi _hh[]kbW# h_ZWZ[i1 Y BW WYY_ÂŒd Z[ Z_lehY_e [i fh[i# Yh_fj_Xb[ o [ije de eXijWdj[ gk[ [ijW WYY_ÂŒd [ij| \k[hW Z[b Yec[hY_e ^kcWde" f[he [b b[]_ibWZeh l[bWdZe feh bW fWp Yedok]Wb" Z[YbWhW gk[ fh[i# Yh_X[ feh be ][d[hWb [d kd W‹e" eXl_Wc[dj[ gk[ [b YÂŒdok][ gk[ Wb[]W bW fh[iYh_fY_ÂŒd b[ Yehh[ifedZ[ WYh[Z_jWh [b cec[dje [d gk[ Wgkƒb jkle
YedeY_c_[dje Z[ bW YWkiWb gk[ _dleYW1 Z[ jWb ceZe gk[ [ijW fh[iYh_fY_ÂŒd fk[Z[ h[delWh# i[ i_ [b YÂŒdok][ _dYkhh[ dk[# lWc[dj[ [d ^[Y^ei gk[ Yedi# j_jkoWd bW YWkiWb Z[ Z_lehY_e o Wi‡ de [i Wfb_YWXb[ bW Z_ifei_# Y_ÂŒd Z[b 7hj$ (*&/ Z[b 9ÂŒZ_]e 9_l_b gk[ [d ik _dY_ie \_dWb i[‹WbW gk[ bW fh[iYh_fY_ÂŒd i[ ikif[dZ[ i_[cfh[ [djh[ YÂŒd# ok][i" fk[i Z[ WY[fjWhi[ [bbe [gk_lWbZh‡W [d bW fh|Yj_YW gk[ [ijW WYY_ÂŒd i[W _cfh[iYh_fj_# Xb[$ ;b 7hj$ '(* Z[b 9ÂŒZ_]e 9_l_b i[‹WbW [nfh[iWc[dj[ ÆBW WYY_ÂŒd Z[ Z_lehY_e fh[iYh_X[ [d [b fbWpe c|n_ce Z[ kd W‹e YedjWZe0 feh bWi YWkiWi fkd# jkWb_pWZWi [d bei dkc[hWb[i '" + o - Z[b 7hj$ ''&" Z[iZ[ gk[ [b YÂŒdok][ f[h`kZ_YWZe jkle YedeY_c_[dje Z[ bW YWkiW Z[ gk[ i[ jhWj[$ E bW Z[b dkc[# hWb (" Z[iZ[ gk[ i[ h[Wb_pÂŒ [b ^[Y^e$ E bWi Z[ bei dkc[hWb[i )" *" . o /" Z[iZ[ gk[ Y[ie [b ^[Y^e Yedij_jkj_le Z[ bW YWkiW1
o feh bWi Z[ bei dkc[hWb[i , o '&" Z[iZ[ gk[ i[ [`[Ykjeh_ÂŒ bW i[dj[dY_W h[if[Yj_lWÇ$ ;d jWb l_hjkZ" bW fh[iYh_fY_ÂŒd i[ Yk[djW Z[iZ[ [b cec[d# je [d gk[ [b YÂŒdok][ Wi_ij_# Ze Z[ bW WYY_ÂŒd Z[ Z_lehY_e" jkle YedeY_c_[dje Z[b ^[Y^e gk[ b[ ZW eh_][d" o i[ Yk[djW Z[iZ[ [b cec[dje [d gk[ [b ^[Y^e i[ h[Wb_pÂŒ Wkdgk[ de be ^WoW YedeY_Ze [b j_jkbWh Z[ bW WYY_ÂŒd1 i_[dZe c[d[ij[h WYbWhWh gk[ bW fh[iYh_fY_ÂŒd Z[ kd W‹e" [i Z[ Yehje j_[cfe o YWi_ jeZWi bWi b[]_ibWY_ed[i be j_[d[d1 f[he gk_[d Wb[]W [ijW
[nY[fY_ÂŒd" bW Z[X[ fheXWh" fk[i [b b[]_ibWZeh ^W Yedi_# Z[hWZe gk[ de fk[Z[ gk[ZWh feh ckY^e j_[cfe _dY_[hjW bW i_jkWY_ÂŒd Z[ bW \Wc_b_W1 Z BW WYY_ÂŒd Z[ Z_lehY_e i[ [nj_d# ]k[ feh bW ck[hj[ Z[ kde Z[ bei YÂŒdok][i Z[ jWb ceZe gk[ [b 7hj$ '(- Z[b 9ÂŒZ_]e 9_l_b i[‹WbW ÆJeZW WYY_ÂŒd Z[ Z_leh# Y_e i[ [nj_d]k[ feh bW ck[hj[ Z[ kde Z[ bei YÂŒdok][i" W‘d [d [b YWie Z[ gk[ bW Z[cWd# ZW i[ ^WbbWh[ oW fhefk[ijW" o YkWbgk_[hW gk[ \k[h[ [b [ijWZe Z[b `k_Y_eÇ1 o" [ije [i eXl_e fehgk[ Yed bW ck[hj[ i[ [nj_d]k[ [b i[h ^kcWde o [ij[ ^[Y^e i[ `kij_\_YW Yed bW fWhj_ZW Z[ Z[\kdY_ÂŒd ejeh# ]WZW feh [b H[]_ijhe 9_l_b Yehh[ifedZ_[dj[1 [ BW WYY_ÂŒd Z[ Z_lehY_e _]kWb# c[dj[ i[ [nj_d]k[ feh bW h[YedY_b_WY_ÂŒd" Wi‡ be i[‹WbW [b 7hj$ '(+ _X‡Z[c" Wb Z_ife# d[h ÆBW WYY_ÂŒd Z[ Z_lehY_e feh hkfjkhW Z[ bWi h[bWY_ed[i Yedok]Wb[i i[ [nj_d]k[ feh
bW h[YedY_b_WY_ÂŒd Z[ bei YÂŒd# ok][i1 i_d f[h`k_Y_e Z[ bW gk[ fk[ZW Z[ZkY_hi[ feh YWkiW Z[ kdW dk[lW i[fWhWY_ÂŒd gk[ h[‘dW bWi Y_hYkdijWdY_Wi Z[j[hc_dWZWi [d [ij[ j‡jkbeÇ1 eXl_Wc[dj[ gk[ [ijW h[YedY_# b_WY_ÂŒd Z[X[ [ijWh Z[X_ZWc[d# j[ h[YedeY_ZW Wdj[ [b `k[p Z[ be Y_l_b e c[hYWdj_b gk[ YedeY[ bW WYY_ÂŒd Z[ Z_lehY_e o WY[fjWZW feh [b ejhe YÂŒdok][1 \ ;b Z_lehY_e h[gk_[h[ Z[ kd `k_Y_e o feh jWb i[ [`[hY_jW feh c[Z_e Z[ kdW WYY_ÂŒd Y_l_b1 Z[ jWb ceZe gk[ [d dk[ijhe ehZ[# dWc_[dje `kh‡Z_Ye [b Z_lehY_e
j_[d[ YWh|Yj[h `kZ_Y_Wb o [bbe [i Yedi[Yk[dY_W d[Y[iWh_W Z[b fh_dY_f_e Z[ ieb[cd_ZWZ o fkXb_Y_ZWZ Z[b c_ice1 Z[ jWb ceZe gk[ bei ^[Y^ei Yedij_jk# j_lei Z[ YWkiWb[i Z[ Z_lehY_e Wb[]WZWi feh [b Z[cWdZWdj[" Z[X[d i[h `kij_\_YWZWi [d `k_# Y_e feh c[Z_e Z[ bWi fhk[XWi i[‹WbWZWi [d [b 9ŒZ_]e Z[ FheY[Z_c_[dje 9_l_b" fk[i bWi YWkiWb[i Z[ Z_lehY_e feh h[]bW ][d[hWb ikfed[d kd WYjeh o Z[cWdZWZe YediY_[dj[ o h[i# fediWXb[1 [i Z[Y_h _cfkjW# Xb[i1 ] BW [dkc[hWY_Œd Z[ bWi YWkiW# b[i i[‹WbWZWi [d [b 7hj$ ''& Z[b 9ŒZ_]e 9_l_b ied jWnWj_lWi1 f[he i[ cWd_\_[ijW gk[ [n_i# j[ ejhW YWkiWb [d [b 7hj$ ') Z[ bW B[o 9edjhW bW L_eb[dY_W W bW Ck`[h o W bW <Wc_b_W" gk[ fk[Z[ i[hl_h fWhW ZWh feh j[h# c_dWZe [b cWjh_ced_e Y_l_b1 ^ ;b l‡dYkbe cWjh_ced_Wb Z[b YŒdok][ gk[ i[ ^kX_[h[ lk[b# je Z[c[dj[ e iehZeckZe" gk[ de fk[Z[ ZWhi[ W [dj[dZ[h feh
[iYh_je" de feZh| Z_iebl[hi[ feh Z_lehY_e" Wi‡ be i[‹WbW _cf[hWj_lWc[dj[ [b 7hj$ '(, Z[b 9ÂŒZ_]e 9_l_b1 o [ije j_[d[ ik hWpÂŒd Z[ i[h" fehgk[ [ijWi f[hiedWi ied _dYWfWY[i WXie# bkjWi fWhW feZ[h WYjkWh o feh [dZ[ de feZ‡Wd fh[i[djWhi[ W `k_Y_e d_ f[hiedWbc[dj[ d_ feh _dj[hfk[ijW f[hiedW1 e i[W gk[ [d [ij[ YWie [b cWjh_# ced_e [i _dZ_iebkXb[1 [" _ ;b 7hj$ '(/ Z[b 9ÂŒZ_]e 9_l_b YeZ_\_YWZe cWd_\_[ijW Æ9kWdZe kde Z[ bei YÂŒdok# ][i \k[h[ [YkWjeh_Wde" de feZh| WdkbWhi[" d_ Z_iebl[h# i[ feh Z_lehY_e [b cWjh_ced_e YedjhW‡Ze [d [b ;YkWZeh i_de c[Z_Wdj[ i[dj[dY_W fhedkd# Y_WZW feh `k[Y[i [YkWjeh_Wdei1 Z[ jWb ceZe gk[ de ^WX_b_jW W d_d]kde Z[ bei Zei YÂŒdok][i fWhW YWiWhi[ [d [b ;YkWZeh" c_[djhWi de i[ Z_ik[blW l|b_# ZWc[dj[ [b cWjh_ced_e [d dk[ijhe fW‡iÇ1 c|i W‘d [b 7hj$ /) Z[b 9ÂŒZ_]e 9_l_b Z_ifed[ Æ;b cWjh_ced_e gk[" i[]‘d bWi b[o[i Z[b bk]Wh [d gk[ i[ YedjhW`e" fkZ_[hW Z_iebl[hi[ [d ƒb" de feZh| i_d [cXWh]e Z_iebl[hi[ [d [b ;YkWZeh i_de [d Yed\ehc_ZWZ W bWi b[o[i [YkWjeh_WdWiÇ$ 97H79J;HĂžIJ?97I :; B7I 97KI7B;I :; :?LEH9?E 9EDJ;CFB7:7I ;D ;B 7HJ$ ''& :;B 9â:?=E 9?L?B BW ZeYjh_dW o [b fhe\[ieh <hWdY_iYe 9ei[dj_d_" i[‹WbWd Y_dYe YWhWYj[h‡ij_YWi gk[ ied bWi i_]k_[dj[i0 '$ 9WkiWi 9h_c_debÂŒ]_YWi0 [ije [i [b WZkbj[h_e" [b Wj[djWZe YedjhW bW l_ZW Z[b ejhe YÂŒd# ok][" bW YedZ[dW feh h[Ybk# i_ÂŒd" bW \WbjW Z[ cehWb_ZWZ o f[hl[hi_ÂŒd i[nkWb" bei cWbei jhWjei [ _d`kh_Wi" o [b _dj[dje Z[ fheij_jkY_ÂŒd1 ($ 9 Wk i W i I _ cf b [ c[ dj [ 9kbfeiWi0 [ije [i [b WXWdZede lebkdjWh_e1 )$ 9WkiWi ;k][dƒi_YWi0 [ije [i [d\[hc[ZWZ[i" WbYe^eb_ice o jen_YecWd‡W1 *$ 9WkiWi EX`[j_lWi0 [ije [i i[fWhWY_ÂŒd lebkdjWh_W Z[ bei Zei YÂŒdok][i1 o" +$ 9WkiWi ?dZ[j[hc_dWZWi0 [ije [i [b [cXWhWpe fh[dkfY_Wb _]dehWZe feh [b cWh_Ze$ 9ED9BKI?ED;I I_d ZkZW Wb]kdW" ^Wo _dij_# jkY_ed[i Yece [b Z_lehY_e" gk[ feh ik c_icW dWjkhWb[pW o Wdj_# ]”[ZWZ ^Wd c[h[Y_Ze kd Wcfb_e Wd|b_i_i [d bW ZeYjh_dW" c|i W‘d :FEK@EL8 <E C8 GĂ?>@E8 $ :*
Yed bW Yh_i_i Z[ bW \Wc_b_W gk[ l_l[ dk[ijhe fW‡i" [if[Y_Wbc[d# j[ W hW‡p Z[ bW [c_]hWY_Œd [d bei W‹ei del[djW o [d [ij[ Z[Y[d_e" ^W Wkc[djWZe i_]d_\_YWj_lWc[d# j[ [b d‘c[he Z[ Z_lehY_ei [d bei `kp]WZei Z[ be Y_l_b o c[hYWdj_b Z[b fW‡i" i[]‘d bWi ‘bj_cWi [ijW# Z‡ij_YWi$ Bei Z[\[dieh[i Z[b Z_lehY_e" i[‹WbWd gk[ [i kd h[c[Z_e fWhW i_jkWY_ed[i Z_\‡Y_b[i gk[ [d bW l_ZW i[ fh[i[djWd o gk[ de i[ ieif[Y^e Wb cec[dje Z[ Yed# jhW[h cWjh_ced_e1 Z[ jWb ceZe gk[ [b Z_lehY_e [i [b _dijhkc[dje YWfWp Z[ [l_jWh ^[Y^ei ]hWl[i" Z[iWijheiei [`[cfbei fWhW bei ^_`ei o \WjWb[i Yedi[Yk[dY_Wi [d be [YedŒc_Ye$ Bei Z[jhWYjeh[i Z[b Z_lehY_e be Yedi_Z[hWd Yece kd [b[c[dje Z[ Z_iebkY_Œd ieY_Wb gk[ fheZkY[ [d
;@MFI:@FJ ALQ>8;F GI@D<IF ;< CF :@M@C ;< J8EKF ;FD@E>F ;< CFJ KJĂ?:?@C8J <OKI8:KF :@K8:@äE AL;@:@8C 8 C8 ;<D8E;8;8 J<zFI8 D8I@8 <C<E8 G8C<E:@8 98II@FJ AL@:@F1 M<I98C JLD8I@F ;< ;@MFI:@F Eif% ((/.$)'('% 8:KFI1 J@CM@F MC8;@D@I ?<IE8E;<Q =I<@I< ;<D8E;8;81 D8I@8 <C<E8 G8C<E:@8 98II@FJ :L8EKĂ 81 @E;<K<ID@E8;8 AL<Q1 ;I% <;>8I;F C8I8 8M<IFJ J<:I<K8I@81 8C@:@8 =8I<Q ;< :FIE<AF KI8D@K81 89% IFC8E;F JFC@Q J8E:?<Q GIFM@;<E:@8J1 ALQ>8;F GI@D<IF ;< CF :@M@C ;< J8EKF ;FD@E>F ;< CFJ KJĂ?:?@C8J% JXekf ;fd`e^f# m`\i$ e\j , [\ efm`\dYi\ [\c )'('# cXj (-_+(% 8mfZf ZfefZ`d`\ekf [\ cX gi\j\ek\ ZXljX \e m`ikl[ [\c jfi$ k\f i\Xc`qX[f%$ <e cf gi`eZ`gXc gi\$ m`f X gifm\\i cf hl\ \e [\i\Z_f Zfii\jgfe[X \c XZkfi j\ÂŒfi J@CM@F MC8;@D@I ?<IE8E;<Q =I<@I<# ZfdgXi\qZX \e [ˆX p _fiX _}Y`c X \jk\ [\jgXZ_f X ]`e [\ hl\ i`e[X
de c[dei YWiei [b c[deifh[Y_e W bW ck`[h" [b iWYh_\_Y_e Z[ bei ^_`ei" bW hk_dW Z[b ^e]Wh o \h[Yk[dj[i Z[iWijh[i [YedŒc_Yei$ ;djh[ bei fh_dY_fWb[i _cfk]# dWZeh[i Z[b Z_lehY_e \_]khW bW ?]b[i_W 9WjŒb_YW 7feijŒb_YW o HecWdW" gk[ [nfed[ Z[iZ[ ik fkdje Z[ l_ijW bW _dZ_iebkX_b_ZWZ Ze]c|j_YW Z[b cWjh_ced_e" [d ik [b[lWZW YedZ_Y_Œd Z[ iWYhWc[d# je" f[he ^Wo gk[ WdejWh gk[ bW c_icW ?]b[i_W 9WjŒb_YW" cWoeh_# jWh_W [d dk[ijhe fW‡i " ^W j[d_Ze gk[ WZc_j_h bW _cfei_X_b_ZWZ Z[ cWdj[d[h bW Yedl_l[dY_W Z[ Zei i[h[i YkoW [n_ij[dY_W [d Yec‘d i[ ^W ^[Y^e _cfei_Xb[ feh ]hWl[i hWped[i o i[ ^W l_ije [d bW d[Y[# i_ZWZ Z[ [ijWXb[Y[h bW i[fWhWY_Œd Z[ Yk[hfei" f[he de Yece be Yed# j[cfbW dk[ijhW b[]_ibWY_Œd Y_l_b" i_de kdW i[fWhWY_Œd Z[ f[hiedWi
\c aliXd\ekf gi\m`jkf \e \c `eZ`$ jf *if [\c 8ik% /) [\c :Â?[`^f [\ GifZ\[`d`\ekf :`m`c# Xgc`ZXYc\ X \jk\ ki}d`k\%$ ?}^Xj\ jXY\i% = % ;i% <[^Xi[f CXiX 8m\ifj# Al\q ALQ>8;F GI@D<IF ;< CF :@M@C ;< J8EKF ;FD@E>F ;< CFJ KJĂ?:?@C8J# JXekf ;fd`e^f# d`„i$ Zfc\j (0 [\ \e\if [\c )'((# cXj ((_+.% M@JKFJ1 LeX m\q hl\ \c XZkfi _X [X[f Zldgc`d`\ekf X cf fi[\eX[f \e [\Zi\kf Xek\i`fi# cX [\dXe[X hl\ Xek\Z\[\ \j ZcXiX p i\Â’e\ cfj i\hl`j`$ kfj [\ C\p%$ <e Zfej\Zl\eZ`X \j gif$ Z\[\ek\ \c ki}d`k\ \e al`Z`f M\iYXc JldXi`f [\ ;`mfiZ`f# gfi kXekf Zˆk\j\ Zfe \c Zfek\e`[f [\c \jZi`kf [\ [\dXe[X p \jkX gifm`[\eZ`X X cX [\dXe[X[X j\ÂŒfiX D8I@8 <C<E8 G8C<E:@8 98II@FJ# gfi cX gi\ejX \e lef [\ cfj [`Xi`fj [\ dXpfi Z`iZl$ cXZ`Â?e hl\ j\ \[`kXe \e \jkX Z`l[X[ p \e cX Z`l[X[ [\ Hl`kf# Gifm`eZ`X [\ G`Z_`eZ_X2 [\ Zfe]fid`[X[ Zfe cf gi\m`jkf \e \c 8ik% /) [\c :Â?[`^f [\ GifZ\[`d`\ekf :`m`c# \e ZfeZfi$ [XeZ`X Zfe cf \jkXYc\Z`[f \e \c 8ik% ((0 [\c :Â?[`^f :`m`c# d\[`Xe[f \eki\ leX p fkiX glYc`ZXZ`Â?e fZ_f [ˆXj gfi cf d\efj%$ 8^i„^l\j\ cX [fZl$ d\ekXZ`Â?e hl\ X[alekX%$ KÂ?d\j\ \e Zl\ekX \c ZXj`cc\if al[`Z`Xc j\ÂŒXcX[f p cX Xlkfi`qXZ`Â?e [X[X X jl [\]\ejfi%$ ?}^Xj\ JXY\i%$ = %$ ;I% <;>8I;F C8I8 8M<IFJ# AL<Q Cf hl\ Zfdle`Zf X ljk\[# gXiX
cfj ]`e\j c\^Xc\j% Gi\m`e`„e[fc\ [\ cX fYc`^XZ`Â?e [\ j\ÂŒXcXi ZXj`cc\if al[`Z`Xc gXiX jlj gfjk\i`fi\j efk`$ ]`ZXZ`fe\j% JiX% DXiˆX 8c`Z`X =}i\q [\ :fie\af J<:I<K8I@8 ;<C ALQ>8;F GI@D<IF ;< CF :@M@C ;< J8EKF ;FD@E>F ;< CFJ KJ8:?@C8J <o`jk\ ]`idX p j\ccf% 8%G%&+/(-(&b%d% <OKI8:KF ALQ>8;F HL@EKF ;< CF :@M@C ;< G@:?@E:?8 :@K8:@äE AL;@:@8C 8 AFJy 8IKLIF G8C8;@E<J G8Q8:8 8:KFI%$ AL8E8 D8I@8 D8@K8 IF9C<J KI8D@K<%$ M<I98C JLD8I@F :L8EK@8%$ @E;<K<ID@E8;8 8JLEKF%$ ;`mfiZ`f1 8ik% (('# ZXl$ jXc (( `eZ% )f [\c :Â?[`^f :`m`c% Ef \o`jk\e D\efi\j e` \o`jk\e Y`\e\j `edl\Yc\j @e`Z`X[f \c '0 [\ Efm`\dYi\ [\c )'(' ;\]\ejfi [\c XZkfi1 ;I% <;DLE;F M8:8% :XljX Ef% )'('$(,)+$ C% J% GIFM@;<E:@8% ALQ>8;F HL@EKF ;< CF :@M@C ;< G@:?@E:?8%$ Hl`kf# (0 [\ Efm`\dYi\ [\c )'('# cXj (,_*.%$ M@JKFJ% ÆGfi Zldgc`[f cf [`jgl\jkf \e gifm`[\eZ`X `e`Z`Xc p \e cf gi`e$ Z`gXc# cX [\dXe[X hl\ Xek\Z\[\ \j
CONVOCATORIA
o X_[d[i gk[ fheZkY[d YWi_ bei c_icei [\[Yjei jWd Yh_j_YWZei Z[b Z_lehY_e Y_l_b" Z[`WdZe iebe W iWble bW _dZ_iebkX_b_ZWZ Z[b l‡d# Ykbe fWhW cWdj[d[h _dYÂŒbkc[ bW iWdj_ZWZ Z[b Ze]cW" Wb cWd_\[i# jWh ÆGkeZ j^ehkc [j ckjkWc Ye^WX_jWj_ed[cÇ$ ;b Z_ij_d]k_Ze f[h_eZ_ijW HeZh_]e J[deh_e 7cXheii_" cWd_\_[ijW Wb h[if[Yje Æ;b Z_leh# Y_e [i kdW iebkY_ÂŒd" W l[Y[i gk_p| bW c[`eh" f[he _cfb_YW ik\h_c_[d# je o \hkijhWY_ÂŒd" ckY^Wi _bki_e# d[i" \WdjWi‡Wi o [nf[YjWj_lWi i[ hecf[d" W be c[`eh fWhW i_[cfh[$ 9ed \h[Yk[dY_W gk[ZW kd iWXeh WcWh]e gk[ de Z[ifWh[Y[ i_de jWhZ‡Wc[dj[$ ;i \h[Yk[dj[ gk[ bW ][dj[ de be]h[ h[Ykf[hWhi[ o h[jehdWh W ik l_ZW$ 9ece [b cWjh_ced_e" jWcX_ƒd [b Z_lehY_e [i kdW Wl[djkhWÇ$
BW Wc_ijWZ [i [b c|i f[h\[Yje Z[ bei i[dj_c_[djei Z[b ^ecXh[" fk[i [i [b c|i b_Xh[" [b c|i fkhe o [b c|i fhe\kdZe$ B79EH:7?H; ZcXiX p i\’e\ cfj i\hl`j`kfj [\ C\p% KiXdˆk\j\ \e al`Z`f m\iYXc jldXi`f% :fe cX [\dXe[X p gifm`[\eZ`X i\ZXˆ$ [X# Zˆk\j\ Xc [\dXe[X[f j\Œfi AFJy 8IKLIF G8C8;@E<J G8Q8:8# \e lef [\ cfj g\i`�[`Zfj [\ Xdgc`X Z`i$ ZlcXZ`�e hl\ j\ \[`kX \e \jkX Z`l$ [X[ [\ Hl`kf p [\ cX Z`l[X[ [\ CfaX# d\[`Xe[f fZ_f [ˆXj _}Y`c\j \eki\ leX p fkiX glYc`ZXZ`�e \e Xk\eZ`�e Xc aliXd\ekf i\e[`[f p [\ Zfe]fi$ d`[X[ Zfe \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% 8^i„^l\j\ Xc gifZ\jf cfj [fZl$ d\ekfj XZfdgXŒX[fj% Gfi C`Z\eZ`X [\c j\Œfi J\Zi\kXi`f XZk’\ \c j\Œfi F]`Z`Xc DXpfi $ Efk`]ˆhl\j\% ] %$ ;I8% D8I@8 D<I:<;<J GFIK@CC8# AL<Q HL@EKF ;< CF :@M@C ;< G@:?@E:?8% Cf hl\ Zfdle`Zf X ljk\[ gXiX cfj ]`e\j c\^Xc\j Zfej`^l`\ek\j# gi\m`$ e`„e[fc\ [\ cX fYc`^XZ`�e [\ j\ŒXcXi :Xj`cc\if \e \jkX Z`l[X[ [\ Hl`kf X ]`e [\ i\Z`Y`i gfjk\i`fi\j efk`]`ZXZ`f$ e\j \e cX gi\j\ek\ ZXljX% ;I% CL@J IFE M@CC8M@:<E:@8 J<:I<K8I@F < <o`jk\ ]`idX p j\ccf% 8%G%&+.0-0&b%d%
A JUNTA GENERAL ORDINARIA DE ACCIONISTAS DE URANIA S.A. De conformidad con los Estatutos Sociales, convoco a los SeĂąores Accionistas de URANIA S.A. a la Junta General Ordinaria de Accionistas, que tendrĂĄ lugar en la sede ubicada en la Av. 10 de Agosto N36-239 y Naciones Unidas de esta ciudad, el dĂa viernes 11 de Marzo de 2011, a las 12H00, para tratar y resolver sobre los siguientes puntos: 1. Lectura del Informe-Memoria de Gerencia, inherente al ejercicio econĂłmico de 2010 2. Conocimiento del informe del seĂąor Comisario inherente al mismo ejercicio 3. Lectura de los Estados Financieros inherentes al ejercicio econĂłmico del aĂąo 2010 4. ResoluciĂłn sobre los puntos 1 y 3 5. ResoluciĂłn acerca del destino de Resultados 6. Designaciones que estatutariamente competen a la Junta General Se convoca especial e individualmente al seĂąor Rodrigo Cisneros Balseca, Comisario de la CompaĂąĂa. Los documentos que deben ser conocidos por la Junta General, estĂĄn a disposiciĂłn de los seĂąores accionistas en la sede social, para conocimiento y estudio, por el plazo legal. Quito, 24 de febrero de 2011 GERENTE
A.P./48142/k.m.
JeZei [ijWcei YediY_[dj[i Z[ gk[ [b cWjh_ced_e [i kdW h[Wb_ZWZ ieY_Wb o Y_l_b" o YkWd# Ze de \kdY_edW" [b Z[h[Y^e" de j_[d[ ejhW efY_Œd gk[ h[Yede# Y[hbe Wi‡ i_[dZe _d‘j_b [ _dYbkie f[h`kZ_Y_Wb" YkWbgk_[h ejhe j_fe Z[ iebkY_Œd b[]Wb gk[ fh[j[dZW cWdj[d[h Whj_\_Y_Wbc[dj[ kdW Yedl_l[dY_W _cfei_Xb[" fk[i i_ X_[d bW kd_Œd Yedok]Wb ikfe# d[ [d YedZ_Y_ed[i dehcWb[i" [b cWdj[d_c_[dje o [b [gk_b_Xh_e Z[ bWi h[bWY_ed[i f[hiedWb[i [djh[ bei YŒdok][i" [b Z[i[gk_b_Xh_e [d [iWi h[bWY_ed[i e bW l_ebWY_Œd fkhW o i_cfb[ Z[ bWi eXb_]WY_e# d[i _cfk[ijWi W YWZW kde Yh[Wd kdW i_jkWY_Œd WdehcWb [d bW gk[ fheXWXb[c[dj[ Zei i[h[i Wd]ki# j_WZei i[dj_h|d WcWh]Whi[ iki l_ZWi o fWhW [ij[ ^[Y^e WfWh[Y[ Yece iebkY_Œd" [b Z_lehY_e$
I<GL9C@:8 ;<C <:L8;FI
ALQ>8;F J<>LE;F ;< CF :@M@C ;< FI<CC8E8 FI<CC8E8 Æ <:L8;FI Æ J8:?8 <OKI8:KF AL;@:@8C : @ K8: @ ä E AL;@:@8C 8 1 N<CC@E>KFE AF?E IFEHL@CCF DFEK<J 8::@FE8EK<1 ; F C F I < J :C<FK@C;< 8I>L<CCF DFI8 ;<D8E;8;F1 N<CC@E>KFE AF?E IFEHL@CCF DFEK<J :8LJ81 ;@MFI:@F :FEK<E:@FJF KI8D@K<1 M<I98C JLD8I@F :L8EKĂ 81 @E;<K<ID@E8;8 GIF:<JF Ef% +*/$)'(' AL<Q1 ;I% A8@D< <JG@E =<IE8E;<Q ;<D8E;81 ;FCFI<J :C<FK@C;< 8I>L<CCF DFI8# ZXjX[X# dXpfi [\ \[X[# [\ fZlgXZ`Â?e \dgc\X[X gi`mX[X# [fd`$ Z`c`X[X \e CX AfpX [\ cfj JXZ_Xj# gifm`eZ`X [\ Fi\ccXeX# ZfdgXi\qZf p ]fidlcf cX [\dXe[X hl\ j`^l\1 :fe cX Zfg`X Z\ik`]`ZX[X [\ cX `ejZi`gZ`Â?e [\ dXki`dfe`f hl\ XZfdgXÂŒf alj$ k`]`Zf hl\ d\ \eZl\ekif ZXjX[X Zfe N<CC@E>KFE AF?E IFEHL@CCF DFEK<J# dXki`dfe`f Z\c\YiX[f \e \c ZXekÂ?e 9XYX_fpf# gifm`eZ`X [\ cfj Iˆfj# \c 0 [\ alc`f [\ )''(%
GifZi\Xdfj le _`af [\ efdYi\j 9I8P8E AF?8E IFEHL@CCF 8I>L<CCF# [\ / XŒfj [\ \[X[% Ef _\dfj X[hl`i`[f Y`\e\j [\ e`e^leX eXkliXc\qX% <j \c ZXjf j\Œfi Al\q hl\ [\j[\ \c [ˆX '( [\ ale`f [\c )''*# d` \jgfjf# c`Yi\ p mfclekX$ i`Xd\ek\# d\ XYXe[fe�# [\j[\ \ekfeZ\j ef _X \o`jk`[f e`e^’e k`gf [\ i\cXZ`�e \eki\ efjfkifj# _XZ`\e$ [f ZX[X lef jl m`[X gfi jl cX[f% :fe kXc\j Xek\Z\[\ek\j p XdgXiX$ [X \e cX ZXljX (( [\c 8ik% ((' [\c :�[`^f :`m`c# ZfeZliif Xek\ ljk\[ p [\dXe[f \e Al`Z`f M\iYXc JldXi`f [\ ;`mfiZ`f Xc j\Œfi N<CC@E>KFE AF?E IFEHL@CCF DFEK<J% GXiX hl\ cl\^f [\ cX jljkXeZ`XZ`�e [\ cX ZXljX jl Xlkfi`[X[ [\ZcXiXi} [`jl\c$ kf \c mˆeZlcf dXki`dfe`Xc hl\ d\ le\ Zfe d` Zfepl^l\# p j\ [`jgfe^X j\ `ejZi`YX cX j\ek\eZ`X \e \c I\^`jkif :`m`c [\c ZXek�e 9XYX_fpf% CX ZlXe$ kˆX \j `e[\k\id`eX[X p \c ki}d`k\ m\iYXc jldXi`f% :fdf d` _`af \j d\efi [\ \[X[ [\Y\i} \jkXi i\gi\$ j\ekX[f gfi le ZliX[fi 8[$C`k\d# gXiX Zlpf ZXi^f `ej`e’f X cX j\Œf$ iX <LC8C@8 FC@DG@8 8I>L<CCF DFI8# kˆX dXk\ieX [\c d\efi% 8c [\dXe[X[f j\Œfi N<CC@E>KFE AF?E IFEHL@CCF DFEK<J# gfi [\jZfefZ\i jl i\j`[\eZ`X j\ cf Z`kXi} d\[`Xek\ glYc`ZXZ`�e \e cX gi\ejX [\ Zfe]fid`[X[ X cf \jkX$ Yc\Z`[f \e \c 8ik% /) [\c :�[`^f [\ GifZ\[`d`\ekf :`m`c# gXiX cf ZlXc [\ZcXif YXaf aliXd\ekf hl\ \j `dgf$ j`Yc\ [\k\id`eXi cX `e[`m`[lXc`[X[ f i\j`[\eZ`X% D\ gXkifZ`eX \c [fZkfi 9Xpife C% Q’Œ`^X%$ GIFM@;<E:@8%$ ALQ>8;F ;< CF :@M@C ;< FI<CC8E8# CX AfpX [\ cfj JXZ_Xj# X al\m\j '* [\ ]\Yi\if [\c )'(( cXj ((?),%$ M@JKFJ%$ 8mfZf ZfefZ`d`\ekf [\ cX gi\j\ek\ ZXljX
AVISO Emisor:
Fideicomiso “TITULARIZACION HOTEL COLON GUAYAQUIL01â€? Fiduciaria: Fiducia S.A. Administradora de Fondos y Fideicomisos Mercantiles No. 4 Titular: ERAZO VITERI WALTER FABIAN Valor Nominal $10.000,00 No. de valores en TĂtulo: 1 Yo ERAZO VITERI WALTER FABIAN con CI 1703358569, en calidad de legĂtimo propietario del TĂtulo No. 4, informamos al pĂşblico que con fecha 15/08/2010 dicho documento se extraviĂł. Mismo que procederĂŠ a anularlo, asĂ como la emisiĂłn de uno nuevo. Si alguna persona fuera perjudicada con tal solicitud, deberĂĄ presentarse en la FIDUCIARIA, dentro de 8 dĂas hĂĄbiles, despuĂŠs de la tercera publicaciĂłn, para exponer su oposiciĂłn sustentada y documentada. Las oficinas estĂĄn ubicadas: Quito: 12 de octubre N26-97 y Lincoln, y, Guayaquil: Rodrigo ChĂĄvez Edificio Corporativo. A.P./48152/k.m.
Ĺ? ĂąĹ? Ĺ? Ĺ? Ĺ?Ä‚Ä€Ä Ä
Ĺ? +. Ĺ? ÄŒĹ?
ă
:[ be WdejWZe i[ Yeb_][ gk[ [b Z_lehY_e Yece jeZWi bWi _di# j_jkY_ed[i ^kcWdWi j_[d[d ik Wif[Yje fei_j_le o iki \WY[jWi d[]Wj_lWi" Z[X_[dZe h[YWbYWh gk[ [d dk[ijhe fW‡i [n_ij[ kdW Wkjƒdj_YW [iYWbWZW dkcƒh_YW Z[ Z_lehY_ei" Wi‡ be _dZ_YWd bWi ‘bj_cWi [ijWZ‡ij_YWi h[Wb_pWZWi [d bei `kp]WZei Z[ be Y_l_b o c[h# YWdj_b Z[b fW‡i$
.2_ĹŠ 1!~ ĹŠ +!.-~ ĹŠ ĹŠ Ä” ĹŠ ĹŠ ĹŠ
\e ZXc`[X[ [\ Al\q K`klcXi%$ <e cf gi`eZ`gXc# cX [\dXe[X [\ ;@MFI:@F :FEK<E:@FJF gi\j\ekX[X gfi cX j\ÂŒfiX ;FCFI<J :C<FK@C;< 8I>L<CCF DFI8 \j ZcXiX# Zfd$ gc\kX p i\Â’e\ cfj [\d}j i\hl`j`kfj \o`^`[fj gfi cX C\p# \e Zfej\Zl\eZ`X j\ cX X[d`k\ Xc \e cX MˆX [\c Al`Z`f M\iYXc JldXi`f%$ Gfi ZlXekf hl\ \c XZkfi YXaf aliXd\ekf [\ZcX$ iX [\jZfefZ\i \c [fd`Z`c`f [\ cX [\dXe[X[X# \e Zldgc`d`\ekf X cf [`jgl\jkf \e cfj 8ikˆZlcfj /) [\c :Â?[`^f [\ GifZ\[`d`\ekf :`m`c p ((0 [\c :Â?[`^f :`m`c [`jgfe\ j\ [`jgfe\ Z`kXi gfi cX gi\ejX \e \c ;`Xi`f ĂˆC8 ?FI8É [\ cX :`l[X[ [\ Hl`kf# Zfe \c \okiXZkf [\ cX [\dXe[X p \c Xlkf [\ ZXc`]`ZXZ`Â?e# Xc j\ÂŒfi N<CC@E>KFE AF?E IFEHL@CCF DFEK<J# X[m`i$ k`„e[fc\ [\ cX fYc`^XZ`Â?e hl\ k`\e\ [\ j\ÂŒXcXi ZXj`cc\if al[`Z`Xc \e \jkX Z`l[X[ AfpX [\ cfj JXZ_Xj gXiX hl\ i\Z`YX gfjk\i`fi\j efk`]`ZXZ`fe\j hl\ c\ Zfii\jgfe[Xe# \e ZXjf [\ ef ZfdgXi\Z\i Zfek`elX \c ki}d`k\ [\ cX ZXljX [\ZcXi}e[fj\ \e i\Y\c[ˆX%$ KÂ?d\j\ \e Zl\ekX cX gifZi\XZ`Â?e [\ le _`af p cX `e\o`jk\eZ`X [\ Y`\e\j dl\Yc\j \ `edl\Yc\j# jljZ\gk`$ Yc\j [\ gXik`Z`Â?e p cX `ej`elXZ`Â?e Zfdf :liX[fi 8[ C`k\d X cX j\ÂŒf$ iX <LC8C@8 FC@DG@8 8I>L<CCF DFI8# kˆX dXk\ieX [\ d\efi 9iXpXe Af_Xe Ifehl`ccf 8i^l\ccf%$ :l„ek\j\ Zfe \c 8^\ek\ =`jZXc [\ cX AfpX [\ cfj JXZ_Xj# efk`]`Z}e[fc\ \e jl [\jgX$ Z_f K„e^Xj\ \e Zl\ekX \c ZXj`cc\if al[`Z`Xc Ef% '( gXiX efk`]`ZXZ`fe\j [\ cX XZkfiX p cX Xlkfi`qXZ`Â?e ZfeZ\[`[X Xc ;i% 9pife C QÂ’ÂŒ`^X%$ 8^i„^l\j\ X cfj Xlkfj cfj [fZld\ekfj X[alekfj%$ :Â’dgcXj\ p Efk`]ˆhl\j\%$ CF HL< :FDLE@:F 8 LJK<; G8I8 CFJ =@E<J ;< C<P 8Y^% FjZXi >fpX DXZ`Xj J<:I<K8I@F ;<C ALQ>8;F <o`jk\ ]`idX p j\ccf% 8%G%&+/'(/&b%d% ALQ>8;F K<DGFI8C M@><J@DF J<>LE;F ;< CF :@M@C ;<C 8QL8P >L8C8:<F :@K8:@FE AL;@:@8C 81 8C98 ><ID8E@8 M8JHL<Q >L<II81 C\ _X^f jXY\i hl\ \e \c Alq^X[f K\dgfiXc [\ cf :`m`c [\c 8qlXp Zfe j\[\ \e >lXcXZ\f# X ZXi^f [\c ;i% :\jXi Hl`q_g\# Al\q K\dgfiXc# Zfii\jgfe[`Â? cX [\dXe$ [X p gifm`[\eZ`X i\ZXˆ[X# hl\ \e \okiXZkf# [`Z\e1 EXkliXc\qX1 M<I98C JLD8I@F DXk\i`X1 ;@MFI:@F 8Zkfi1 ?L>F <;L8I;F A@D<E<Q LCCF8 ;\dXe[X[X1 8C98 ><ID8E@8 M8JHL<Q >L<II8 :lXekˆX1 @E;<K<ID@E8;8 GIFM@;<E:@81 >lXcXZ\f X '- [\ \e\if [\ )'((%$ CXj '/?(, M`jkfj1 8[alek\j\ \c \jZi`kf p cX [fZl$ d\ekXZ`Â?e Xc gifZ\jf%$ :ldgc`[f cf i\hl\i`[f# gfi ZcXiX# Zfdgc\kX p i\le`i Zfe cfj i\hl`j`kfj [\ c\p# j\ XZ\gkX X ki}d`k\ cX [\dXe[X m\iYXc jldXi`X jfYi\ [`mfiZ`f gfi ZXljX$ c\j gifgl\jkf gfi G8JKFI D@>L<C 98E<>8J 98E<>8J# \e ZXc`[X[ [\ 8gf[\iX[f [\ ?L>F <;L8I;F A@D<E<Q LCCF8%# Zfe]fid\ cf alj$ k`]`ZX Zfe cX [fZld\ekXZ`Â?e X[ale$ kX \e ZfekiX [\ 8C98 ><ID8E@8 M8JHL<Q >L<II8# [\Y`\e[f kiX$ d`kXij\ Zfe]fid\ cf gi\jZi`Y\ \c 8ik% ((/ p j`^l`\ek\j [\c :Â?[`^f :`m`c%$ :fe]fid\ \c aliXd\ekf i\e[`[f gfi \c XZkfi j\ c\ Z`kXi} X cX [\dXe[X gfi d\[`f [\ cX gi\ejX# gXiX hl\ _X^X mXc\i jlj [\i\Z_fj p \e lef [\ cfj [`Xi`fj [\ dXpfi Z`iZlcXZ`Â?e [\ cX Z`l[X[ [\ :l\eZX p [\ cX Z`l[X[ [\
Hl`kf cl^Xi [\c dXki`dfe`f# j\^’e cf \jkXYc\Z`[f \e \c 8ik% /) [\c :�[`^f [\ G% :`m`c gXiX cf hl\ j\ \d`k`i} cfj \okiXZkfj i\jg\Zk`mfj% <e Zl\ekX cX dXpfiˆX [\ \[X[ [\ cfj _`afj gif$ Zi\X[fj [\ekif [\ dXki`dfe`f Zfe$ ]fid\ cf aljk`]`ZX Zfe cXj gXik`[Xj [\ eXZ`d`\ekf X[alekXj%$ Gfi ]`aX[X cX ZlXekˆX# \e Zl\ekX cX ZXj`ccX al[`Z`Xc j\ŒXcX[X p cX Xlkfi`qXZ`�e Zfe]\i`[X X jl [\]\ejfi%$ 8Zk’\ \c ;i% E\`c 8iXp Zfdf J\Zi\kXi`f 8[$?fZ# hl`\e gi\$ j\ek\ XZ\gkX \c ZXi^f p ]`idX gXiX ZfejkXeZ`X%$ Efk`]ˆhl\j\%$ ] ;i% :\jXi Hl`q_g\# Al\q :`m`c K\dgfiXc [\ >lXcXZ\f% 8 cX gXik\ Z`kX[X j\ c\ X[m`\ik\ j\ŒX$ cXi ZXj`ccX al[`Z`Xc [\ le XYf^X[f gXiX efk`]`ZXZ`fe\j ]lkliXj% >lXcXZ\f# <e\if '- [\ )'((% ;I% E<@C 8I8P G% J<:I<K8I@F 8;$?F: ALQ>8;F :@M@C K<DGFI8C ;< >L8C8:<F 88&)-*)0 I% [\c <% ALQ>8;F F:K8MF ;< CF :@M@C ;< G@:?@E:?8 ;< G@:?@E:?8 :`kXZ`�e Al[`Z`Xc Xc j\Œfi AL8E AFJ< FIK@Q FIK@Q# j\ c\ _XZ\ jXY\i hl\ \e \jkX Al[`ZXkliX j\ _X gi\j\ekX[f cX j`^l`\ek\ XZZ`fe1 8:KFI81 Clq 9\ik`c[\ G`e\[X FZ_fX ;<D8E;8;F1 AlXe Afj\ Fik`qX Fik`q 8JLEKF1 ;`mfiZ`f KI8D@K<1 M\iYXc JldXi`f :8LJ81 '*$)'(( AL<Q JLGC<EK<1 ;i% 8idXe[f 8Z\c[f >lXcc`% J<:I<K8I@F1 ;i% AlXe =iXeZ`jZf Aljk`Z`X JXc^X[f KI8D@K<1 8Y% <]iXˆe DXik`e\q KXg`X GIFM@;<E:@8 ALQ>8;F F:K8MF ;< CF :@M@C ;< G@:?@E:?8 ;< G@:?@E:?81Hl`kf# dXik\j / [\ ]\Yi\if [\c )'((# X cXj ((_,)%$M@JKFJ1$ Gfi Zldgc`[X cX gifm`[\eZ`X [\ (' [\ \e\if [\c )'((# cXj ('_+0# j\ [`jgfe\1 CX [\dXe[X hl\ Xek\Z\[\ \j ZcXiX p i\’e\ cfj [\d}j i\hl`j`kfj [\ c\p2 \e Zfej\Zl\eZ`X# [\j\ X cX d`jdX \c ki}d`k\ M\iYXc JldXi`f# \eki„$ ^l\j\ leX Zfg`X [\ cX [\dXe[X p \jkX gifm`[\eZ`X Xc j\Œfi AL8E AFJ< FIK@Q FIK@Q# gXiX cfj ]`e\j [\ c\p%$ <e fi[\e Xc efdYiXd`\ekf [\ ZliX[fi X[$ c`k\d# Zl„ek\j\ Zfe \c =`jZXc ;`jki`kXc [\ G`Z_`eZ_X2 efk`$ ]ˆhl\j\ X cXj d\efi\j X[lckfj# X ]`e [\ hl\ j\Xe \ccfj hl`\e\j `ej`e’\e jl ZliX[fi X[$c`k\d%$ <e m`jkX [\c aliXd\ekf \ogi\jf [\ cX XZkfiX# gfi \c hl\ X]`idX jfYi\ cX `dgfj`Y`c`[X[ [\ [\k\id`eXi cX `e[`m`[lXc`[X[ f i\j`[\eZ`X XZklXc [\c j\Œfi AL8E AFJ< FIK@Q FIK@Q# Zˆk\j\ gfi cX gi\ejX \e lef [\ cfj [`Xi`fj [\ dXpfi Z`iZlcXZ`�e [\ \jkX Z`l[X[ [\ Hl`kf# Zfe]fid\ cf [`jgfe\ \c 8ik% /) [\c :�[`^f [\ GifZ\[`d`\ekf :`m`c%$ 8[a’ek\j\ cX [fZld\e$ kXZ`�e gi\j\ekX[X%$ K„e^Xj\ \e Zl\ekX \c ZXj`cc\if al[`Z`Xc j\ŒX$ cX[f%$ Efk`]ˆhl\j\ p :ˆk\j\%$ ] ;i% 8idXe[f 8Z\c[f >lXcc`% Al\q 8Z\c[f >lXcc`% AL<Q% Cf hl\ Zfdle`Zf X ljk\[ gXiX cfj ]`e\j [\ C\p# gi\m`e`\e[fc\j [\ cX fYc`^XZ`�e hl\ k`\e\ [\ j\ŒXcXi [fd`Z`c`f al[`Z`Xc Zfe]fid\ X cX c\p# gXiX ]lkliXj efk`]`ZXZ`fe\j% ;i% =iXeZ`jZf Aljk`Z`X JXc^X[f J<:I<K8I@F ALQ>8;F F:K8MF ;< CF :@M@C ;< G@:?@E:?8 ;< G@:?@E:?8 :fejkX j\ccfp ]`idX 8:&./'-.&XXm 44
Ĺ? Ĺ?
Ĺ?
Ĺ? Ĺ?
Ĺ?
Ä…
Ĺ? ĂąĹ? Ĺ? Ĺ? Ĺ?Ä‚Ä€Ä Ä
Ĺ? +. Ĺ? ÄŒĹ?
ALQ>8;F J<OKF ;< CF :@M@C ;< G@:?@E:?8 <OKI8:KF :@K8:@FE AL;@:@8C 8 IF:@F E8K8C@8 :8D8:?F :8D8:?F 8:KFI1 J\^le[f =Xljkf [\ cX Kfii\ JXek`cc}e ;<D8E;8;81 IfZˆf EXkXc`X :XdXZ_f :XdXZ_f AL@:@F ;@MFI:@F Ef% )++$)'('$ @>D KI8D@K<1 M\iYXc JldXi`f :L8EK@81 @e[\k\id`eX[X ;FD@:@C@F1 :Xj`cc\if Al[`Z`Xc E— ,,) [\c 8Y% >l`[f 8ik\X^X 9% F9A<KF1 FYk\e\i \c ;`mfiZ`f GIFM@;<E:@81 ALQ>8;F J<OKF ;< CF :@M@C ;< G@:?@E:A?8% HL@KF# (/ [\ dXiqf [\c )'('# cXj ('_,/%$ M@JKFJ1 CX [\dXe[X hl\ Xek\Z\[\ \j ZcXiX# gi\Z`jX p Zfdgc\kX# gfi i\le`i cfj i\hl`j`kfj [\ c\p# iXq�e gfi cX ZlXc j\ cX X[d`k\ Xc ki}d`k\ m\iYXc jldXi`f% <e cf gi`eZ`gXc# :ˆk\j\ X cX [\dXe$ [X[X IF:@F E8K8C@8 :8D8:?F :8D8:?F# X kiXm„j [\ cX gi\ejX \e lef [\ cfj g\i`�[`Zfj [\ \jkX Z`l[X[ [\ Hl`kf# \e cX ]fidX gi\$ m`jkX \e \c 8ik% /) [\c :�[`^f [\ GifZ\[`d`\ekf Z`m`c# \jkf Xk\ekf \c aliXd\ekf i\e[`[f gfi \c XZkfi% K�d\j\ \e Zl\ekX cX `ej`elXZ`�e _\Z_X gXiX \c efdYiXd`\ekf [\ :liX[fi 8[$C`k\d% 8^i„^l\j\ X cfj Xlkfj cfj [fZld\ekfj X[alekfj% K�d\j\ \e Zl\ekX \c ZXj`cc\if al[`$ Z`Xc hl\ j\ŒXcX cX gXik\ XZkfiX p cX Xlkfi`qXZ`�e hl\ [X X jl XYf^X[f [\]\ejfi% :ˆk\j\ p Efk`]ˆhl\j\% ;i% DXi`f Fik`q <jki\ccX% Al\q CF HL< : F D L E @ : F G I <M @ E @ < E ; F C < ;< C 8 F9C@>8:@FE HL< K@<E< ;< J<z8C8I ;FD@:@C@F AL;@:@8C ;<EKIF ;<C G<I@D<KIF C<>8C ;< <JK8 :@L;8; ;< HL@KF G8I8 GFJK<I@FI<J EFK@=@:8:@FE<J% ;I% <;N@E :<M8CCFJ 8DGL;@8 J<:I<K8I@F 8:&./',0&D>
I<GL9C@:8 ;<C <:L8;FI ALQ>8;F M@><J@DF HL@EKF ;< CF :@M@C ;< G@:?@E:?8 <OKI8:KF :@K8:@FE AL;@:@8C 8 C8 J<zFI8 D8I@8E8 ;< A<JLJ :8@:<;F 8:KFI1 D@>L<C 8E><C HL<Q8;8 :FCC8>L8QF ;<D8E;8;81 D8I@8E8 ;< A<JLJ :8@:<;F AL@:@F ;< ; @ MF I : @ F :FEKIFM<IK@;F Ef% (,00$)'('% ;I% G8LC K8G@8 :8LJ8C FE:< ;<C 8IK% ((' ;<C :F;@>F :@M@C :L8EK@81 @E;<K<ID@E8;8 :8J@CC<IF AL;@:@8C Ef% +*0/ 89F>8;F ;<=<EJFI ;I% ALC@F J8I8E>F ALQ>8;F M@><J@DF HL@EKF ;< CF :@M@C ;< G@:?@E:?8% HL@KF# dXik\j (/ [\ \e\if [\c )'((# cXj ('_')%$ M@JKFJ1 CX [\dXe[X ]fi$ dlcX[X p jl Zfdgc\d\ekf \j ZcXiX gi\Z`jX p i\’e\ cfj i\hl`j`kfj [\ C\p# \e Zfej\Zl\eZ`X j\ X[d`k\ \c ki}d`k\ M\iYXc JldXi`f%$ 8k\ekf \c aliXd\ekf \ogi\jX[f gfi \c XZkfi j\Œfi D@>L<C 8E><C HL<Q8;8 :FCC8>L8QF p cf [`jgl\jkf \e \c 8ik% /) [\c :�[`^f [\ GifZ\[`d`\ekf :`m`c m`^\ek\# Zˆk\j\ X cX [\dXe$ [X[ j\ŒfiX D8I@8E8 ;< A<JLJ :8@:<;F gfi cX gi\e[X# \e lef [\ cfj g\i`�[`Zfj [\ dXpfi Z`iZlcXZ`�e hl\ j\ \[`kXe \e \jkX Z`l[X[ [\ Hl`kf# p# \e cX ]fidX \jkXYc\Z`[X \e \c 8ik% ((0 [\c :�[`^f :`m`c# gXiX cf ZlXc Zfe]`„iXj\ \c \okiXZkf Zfii\j$ gfe[`\ek\%$ 8^i„^l\j\ cX [fZld\e$ kXZ`�e XZfdgXŒX[X p k„e^Xj\ \e Zl\ekX \c ZXj`cc\iX al[`Z`Xc j\ŒXcX[f% :@K<J< P EFK@=@HL<J<% = ;i% @m}e :\mXccfj QXdYiXef% AL<Q Cf hl\ Zfdle`Zf X ljk\[ gXiX cfj ]`e\j c\^Xc\j Zfej`^l`\ek\j# gi\m`$ e`„e[fc\ [\ cX fYc`^XZ`�e [\ j\ŒXcXi ZXj`cc\if al[`Z`Xc gXiX i\Z`Y`i ]lkliXj efk`]`ZXZ`fe\j% ;i% Cl`j =\ieXe[f J\iiXef D\e\j\j J<:I<K8I@F 8:&../)/&d^
I<GL9C@:8 ;<C <:L8;FI ALQ>8;F J<>LE;F ;< CF :@M@C ;< G@:?@E:?8 :@K8:@FE AL;@:@8C :ˆkXj\ Zfe \c j`^l`\ek\ \okiXZkf [\ cX [\dXe[X [\ [`mfiZ`f X1 ;8IN@E ;8E@<C E8IM8<Q J8C8Q8I# Zlpf k\efi \j \c j`^l`\ek\1 8:KFI% AF?8EE8 >89I@<C8 M<I8 8CM8I<Q ;<D8E;8;F% ;8IN@E ;8E@<C E8IM8<Q J8C8Q8I :C8J< ;< AL@:@F% ;@MFI:@F EF% ()$)'(($ DC8% KI8D@K<% M<I98C JLD8I@F% :L8EK@8% @E;<K<ID@E8;8 F9A<KF ;< C8 ;<D8E;8% ;@JFCM<I <C M@E:LCF D8KI@DFE@8C ALQ>8;F J<>LE;F ;< CF :@M@C ;< G@:?@E:?8% Hl`kf# cle\j *(
[\ \e\if [\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\’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 8ik% /)/ p j`^l`\ek\j [\c :�[`^f [\ GifZ\[`d`\ekf :`m`c%$ :ˆk\j\ Xc [\dXe[X[f ;Xin`e ;Xe`\c EXimX\q JXcXqXi [\ Zfe]fid`[X[ Zfe cf \jkX$ Yc\Z`[f \e \c 8ik% /) [\c :�[`^f [\ GifZ\[`d`\ekf :`m`c p aliXd\ekf i\e[`[f# gfi cX gi\ejX \e lef [\ cfj [`Xi`fj [\ dXpfi Z`iZlcXZ`�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`�e%$ K„e^Xj\ \e Zl\ekX cX `ej`elXZ`�e [\ cX j\ŒfiX ClZˆX 8cmXi\q# 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`�e X[alekX%$ :@K<J< P EFK@=@HL<J<% 8 9% =8 9 I @ : @ 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 Zfej`^l`\ek\j# gi\m`e`„e[fc\ [\ cX fYc`^XZ`�e hl\ k`\e\ [\ j\ŒXcXi [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:&../+-&XX
I<Gè9C@:8 ;<C <:L8;FI ALQ>8;F J<>LE;F ;< CF :@M@C ;< G@:?@E:?8 :@K8:@FE AL;@:@8C 81 >L8;8CLG< G8KI@:@8 KFD8CF KF8G8EK8 8:KFI1 =I<;;P =<IE8E;F ?<II<I8 8>L@C8I ;<D8E;8;81 >L8;8CLG< G8KI@:@8 KFD8CF KF8G8EK8 AL@:@F ;< ;@MFI:@F Ef% '-.0$ )'('$?%>% :L8EKĂ 81 @E;<K<ID@E8;8 ALQ>8;F J<>LE;F ;< CF :@M@C ;< G@:?@E:?8%$ Hl`kf# cle\j *( [\ dXpf [\c )'('# cXj '0_++%$ M@JKFJ %$ 8mfZf ZfefZ`d`\ekf [\ cX gi\j\ek\ ZXljX \e m`ikl[ [\c jfik\f Zfii\jgfe$ [`\ek\ %$ <e cf gi`eZ`gXc# 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 [\ ]fidX \o`^`[fj gfi cX C\p %$ ;„j\ \c ki}d`k\ M\+iYXc JldXi`f %$ <e Zfej\Zl\eZ`X Zfe cX [\dXe[X p \jkX gifm`[\eZ`X _}^Xj\ ZfefZ\i X cX [\dXe[X[X gXiX cfj i\jg\Zk`mfj ]`e\j [\ C\p%$ :ˆk\j\ X cX [\dXe[X[X# >L8;8CLG< G8KI@:@8 KFD8CF KF8G8EK8 # \e \c cl^Xi hl\ j\ `e[`ZX d\[`Xek\ :fd`j`Â?e hl\ j\ \em`Xi} Xc j\ÂŒfi K\e`\ek\ Gfc`k`Zf [\ cX GXiifhl`X [\ :ldYXp} X hl`\e j\ c\ \em`Xi} [\jgXZ_f \e ]fidX%$ K„e^Xj\ \e Zl\ekX cX `ej`elXZ`Â?e [\ :liX[fi 8[$C`k\d%$ 8^i\^l\j\ \c [fZld\ekf hl\ j\ XZfdgXÂŒX %$ K„e^Xj\ \e Zl\ekX \c ZXj`cc\if al[`Z`Xc [\j`^eX[f gfi \c XZZ`feXek\ %$ Efk`]ˆhl\j\ %$ ;I8% M@:KFI@8 :?8E>$?L8E> ;< IF;IĂ >L<Q% AL<Q JLGC<EK<% ALQ>8;F J<>LE;F ;< CF :@M@C ;< G@:?@E:?8%$ Hl`kf# al\m\j (/ [\ efm`\dYi\ [\c )'('# cXj ('_'.%$ 8k\ekf aliXd\ekf i\e[`[f gfi \c XZZ`feXek\# j\ [`jgfe\ Z`kXi X cX [\dXe[X j\ÂŒfiX >lX[Xclg\ GXki`Z`X KfdXcf KfXgXekX# \e lef [\ cfj [`Xi`fj [\ dXpfi Z`iZlcXZ`Â?e [\ cX Z`l[X[ [\ Hl`kf# gXiX cf ZlXc Zfe]`„iXj\ \c \okiXZkf i\jg\Zk`mf%$ EFK@=Ă HL<J<% ; I% =8 9 I @ : @ F J <> FM @ 8 9 < K 8 E : F L I K% A L < Q <E:8I>8;F% Cf hl\ gfe^f \e ZfefZ`d`\ekf [\c gÂ’Yc`Zf p :@KF gXiX cfj i\jg\Zk`$ mfj ]`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%$ ;i% AlXe ?% >XccXi[f H% J<:I<K8I@F ;<C ALQ>8;F J<>LE;F ;< CF :@M@C ;< G@:?@E:?8 ?Xp ]`idX p j\ccf 8:&./'+-&k]
I% ;<C <% :@K8:@äE AL;@:@8C 8 :8ICFJ <EI@HL< LIHL@Q8 G8JFJ :FE <C AL@:@F ;< ;@MFI:@F GIFGL<JKF GFI >CFI@8 D8I@E8 :8I898C@ 8I@8J 8:KFI1 >CFI@8 D8I@E8 :8I898C@ 8I@8J ;<D8E;8;F1 :8ICFJ <EI@HL< LIHL@Q8 G8JFJ =LE;8D<EKFJ ;< ;<I<:?F1 8IK% (('# eld\iXc ((# `eZ`jf j\^le[f [\c :�[`^f :`m`c% :L8EK@81 @E;<K<ID@E8;8
Ĺ?
KI8D@K<1 M\iYXc JldXi`f1 AL@:@F Ef% /0+$)''/ ;FD@:@C@F AL;@:@8C1 ;i% 8e^\c Lii\X :Xj`cc\if E1 -( ALQ>8;F ;<:@DF J<GK@DF ;< CF :@M@C ;< G@:?@E:?8%$ JXe^fchlˆ# X - [\ XYi`c [\c )''0% CXj ('_(,%$ M@JKFJ1 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 Xc ki}d`k\ i\jg\Zk`mf# \e al`$ Z`f M\iYXc JldXi`f% :ˆk\j\ Xc j\Œfi :8ICFJ <EI@HL< LIHL@Q8 G8JFJ# gi\m`f Xc aliXd\ekf i\e[`[f 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\ gi\j\ek\ \c ZXj`cc\if al[`Z`Xc Eif% '-(# [\j`^eX[f gfi cX gXik\ XZkfiX p cX ]XZlckX[ hl\ Zfe]`\i\ Xc ;fZkfi 8e^\c Lii\X% EFK@=@HL<J<% = ;i% 8c]fejf @Œ`^l\q >% al\q Cf hl\ Zfdle`Zf X ljk\[ gXiX cfj ]`e\j [\ C\p# gi\m`e`\e[fc\ [\ cX fYc`^XZ`�e [\ j\ŒXcXi ZXj`cc\if al[`$ Z`Xc \e lef [\ cfj [\ \jkX Z`l[X[ gXiX gfjk\i`fi\j efk`]`ZXZ`fe\j% :\ik`]`Zf% =\ieXe[f >iXeaX CXeXj J<:I<K8I@F ?Xp ]`idX p j\ccf 8:&..-*)&k]
ALQ>8;F M@><J@DF :L8IKF ;< CF :@M@C ;< G@:?@E:?8 :@K8:@FE AL;@:@8C 8C J<zFI =I8EBC@E =I8E:@J:F 98II<@IF G@E8I>FK< ;< C8 ;<D8E;8 GFI ;@MFI:@F GIFGL<JK8 <E JL :FEKI8 GFI C8 J<zFI8 O@E>PL C@ 8:KFI8% J<zFI8 O@E>PL C@ ; < D 8 E ;8 ; F % = I 8 E B C @ E =I8E:@J:F 9 8 I I < @ I F G@E8I>FK< AL@:@F EF% (-+,$)'('$ <;% KI8D@K<% M<I98C JLD8I@F :L8EK@8% @E;<K<ID@E8;8 =<:?8 ;< @E@:@8:@äE1 d`„iZfc\j )- [\ \e\if [\c )'(( G I FM @ ; < E : @ 8 1 A L Q> 8 ; F M@><J@DF :L8IKF ;< CF :@M@C ;< G@:?@E:?8%$ Hl`kf# d`„iZfc\j )- [\ \e\if [\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 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 kiXd`k\ 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\ Xc [\dXe[X[f j\ÂŒfi =I8EBC@E =I8E:@J:F 98II<@IF G@E8I>FK<# d\[`Xek\ ki\j glYc`$ ZXZ`fe\j hl\ j\ _Xi}e# ZX[X leX [\ \ccXj \e ]\Z_X [`jk`ekX# \e le g\i`Â?[`Zf [\ Xdgc`X Z`iZlcXZ`Â?e [\ cX Z`l[X[ p ZXekÂ?e Hl`kf# gifm`eZ`X [\ G`Z_`eZ_X p kXc Zfdf [`jgfe\ \c 8ik% ((0 [\c :Â?[`^f :`m`c# j\ cXj _Xi} d\[`Xe[f k„id`ef [\ fZ_f [ˆXj# gfi cf d\efj# \eki\ cX leX p cX fkiX glYc`$ ZXZ`Â?e%$ 8^i„^l\j\ X cfj Xlkfj cfj [fZld\ekfj X[alekfj%$ KÂ?d\j\ efkX [\ cX ZlXekˆX p [fd`Z`c`f al[`Z`Xc j\ÂŒXcX[fj gfi cX j\ÂŒfiX O@E>PL C@ p cX Xlkfi`qXZ`Â?e hl\ [X X jl XYf^X$
BW ceZ[hWY_Œd [i bW bWd]k_Z[p o bW f[h[pW Z[b WbcW" Wi‡ YecW bW WcX_Y_Œd [i ik WYj_l_ZWZ o ik WhZeh$ B7 HE9>;<EK97KB: [f [\]\ejfi%$ :ˆk\j\ p Efk`]ˆhl\j\% = ;I8% D% =CFI G8QD@zF% AL<Q8% GXik`ZlcXi hl\ cc\mf X jl ZfefZ`d`\e$ kf gXiX cfj ]`e\j c\^Xc\j g\ik`e\ek\j# X[m`ik`„e[fc\ [\ cX fYc`^XZ`�e hl\ k`\e\ [\ j\ŒXcXi ZXj`cc\if al[`Z`Xc \e \jkX Z`l[X[ [\ Hl`kf gXiX jlj gfjk\i`fi\j efk`]`ZXZ`fe\j% 89% D8I@F C8JJF FIK<>8 J<:I<K8I@F ;<C ALQ>8;F M@><J@DF :L8IKF ;< CF :@M@C ;< G@:?@E:?8 ?Xp ]`idX p j\ccf 8:&../)0&XX
D<EFI<J ALQ>8;F K<I:<IF ;< C8 E@z<Q P 8;FC<J:<E:@8 ;< G@:?@E:?8 F]`Z`f Ef% ,,$AKE8:H Hl`kf# '/ [\ ]\Yi\if [\c XŒf )'(( :8LJ8 E—% *,0)0$(00.$BK 8c j\Œfi >L@;F =8LJKF :8KFK8 PL>J@ p Xc g’Yc`Zf \e ^\e\iXc j\ c\ _XZ\ jXY\i cf j`^l`\ek\1 8:KFI81 IFJ8I@F G8L:8I =8I@E8E>F ;<D8E;8;F1 >L@;F =8LJKF :8KFK8 PL>J@ D<EFI1 9IP8E AF==I< :8KFK8 G8L:8I :8LJ81 8C@D<EKFJ :8LJ8 ELD<IF1 *,0)0$(00. BK ALQ>8;F K<I:<IF ;< C8 E@z<Q P C8 8;FC<J:<E:@8 ;<C :8EKFE HL@KF%$ Hl`kf# d`„iZf$ c\j ') [\ ]\Yi\if [\c )'((%$ CXj ('_+0%$ M@JKFJ1 <e cf gi`eZ`gXc leX m\q hl\ X XZZ`feXek\ _X [\ZcXiX[f YXaf aliXd\ekf hl\ [\jZfefZ\ \c [fd`Z`c`f [\c j\Œfi >L@;F =8LJKF :8KFK8 PL>J@ p c\ \j `dgfj`Yc\ [\k\id`eXi jl `e[`m`[lXc`[X[ f i\j`$ [\eZ`X [\ Zfe]fid`[X[ Zfe \c 8ik% /) [\c :�[`^f [\ GifZ\[`d`\ekf :`m`c# Xdgc`X \c Xlkf [\ ZXc`]`ZXZ`�e [\ ]\Z_X )- [\ XYi`c [\c )''-# cXj (,_,'% J\ fi[\eX j\ :@K< Zfe \c Zfek\e`[f [\ cX [\dXe[X p Xlkf i\ZXˆ[f Xc j\Œfi >L@;F =8LJKF :8KFK8 PL>J@ X kiXm„j [\ ki\j glYc`ZXZ`fe\j gfi cX gi\ejX \e lef [\ cfj [`Xi`fj [\ Xdgc`f Z`i$ ZlcXZ`�e [\c gXˆj# X[m`ik`\e[f hl\ [\Y\ ZfdgXi\Z\i X al`Z`f# j\ŒXcXi [fd`Z`c`f al[`Z`Xc p&f [`i\ZZ`�e [\c Zfii\f \c\Zki�e`Zf%$ EFK@=@HL<J< P :@K<J< = ;I% :I@JK?@8E I<:8C;< ;< C8 IFJ8% AL<Q 8;ALEKF Cf hl\ Zfdle`Zf X ljk\[ gXiX cfj ]`e\j [\ c\p% 8k\ekXd\ek\# ;I8% 8C<O8E;I8 G8I<;<J J<:I<K8I@8 8;ALEK8 8:&./'.)&d^
I<Gè9C@:8 ;<C <:L8;FI :@K8:@äE AL;@:@8C J<:I<K8I@8 ;<C ALQ>8;F J<>LE;F ;< E@z<Q P 8;FC<J:<E:@8 ;<C :8EKäE HL@KF% 8C J<zFI I@:?8I; E<CJFE :<;<zF M<I8 P 8C Gè9@:F <E ><E<I8C C<J ?8>F J89<I CF J@>L@<EK<1 8:KFI8% ;<C>8;F IFA8J AF?8EE8 B8I@E8 ;<D8E;8;F% I@:?8I; E<CJFE :<;<zF M<I8 D<EFI% :<;<zF ;<C>8;F ;8I@8EP D@:8<C8 :8LJ8% 8C@D<EKFJ EF% '/(-$ )'('$ A :L8EK@8% -'''#ff ;äC8I<J AL<Q% ALQ>8;F J<>LE;F ;< E@z<Q P 8;FC<J:<E:@8 ;<C :8EKäE HL@KF%$ Hl`k%$ 0 [\ j\gk`\dYi\ [\c )'('# cXj ('_)'%$ M@JKFJ%$ Gfi _XY\ij\ [X[f Zldgc`$ d`\ekf X cf fi[\eX[f \e gifm`[\eZ`X Xek\i`fi cX [\dXe[X hl\ Xek\Z\[\ j\ cX ZXc`]`ZX [\ ZcXiX# gi\Z`jX p gfi i\le`i cfj i\hl`j`kfj [\ c\p# j\ cX XZ\gkX Xc ki}d`k\ \jg\Z`Xc % <e cf gi`eZ`gXc Zˆk\j\ Xc [\dXe[X[f j\ÂŒfi I@:?8I; E<CJFE :<;<zF M<I8 Zfe cX [\dXe[X hl\ Xek\Z\[\ p Xlkf i\ZXˆ[f \e \ccX gi\m`e`„e[fc\ [\ cX fYc`^XZ`Â?e hl\ k`\e\ [\ j\ÂŒXcXi [fd`Z`c`f al[`Z`Xc p Zfek\jkXi Zfdf [`jgfe\e cfj 8ik% (') [\c :Â?[`^f [\ GifZ\[`d`\ekf :`m`c p ).* [\c :Â?[`^f [\ E`ÂŒ\q p 8[fc\jZ\eZ`X p j\ÂŒXc\ [fd`Z`c`f al[`Z`Xc gXiX i\Z`Y`i jlj efk`]`ZXZ`fe\j gfjk\i`f$ i\j YXaf gi\m\eZ`fe\j [\ c\p%$ Gfi ZlXekf cX j\ÂŒfiX AF?8EE8 B8I@E8 ;<C>8;F IFA8J _X [\ZcXiX[f YXaf aliXd\ekf hl\ [\jZfefZ\ \c [fd`Z`$ c`f p i\j`[\eZ`X [\c j\ÂŒfi I@:?8I; E<CJFE :<;<zF M<I8 j\ [`jgfe\ Z`kXicf gfi cX gi\ejX d\[`Xek\ ki\j glYc`ZXZ`fe\j \e lef [\ cfj [`Xi`fj [\ dXpfi Z`iZlcXZ`Â?e [\ cX cfZXc`[X[ Zfdf [`jgfe\ \c Xik% /) [\c :Â?[`^f [\ gifZ\[`d`\ekf :`m`c2 K„e^Xj\ \e Zl\ekX cXj gil\YXj XeleZ`X[Xj gfi cX XZkfiX p \c ZXj`cc\if al[`Z`Xc j\ÂŒXcX[f gfi cX XZkfiX#% :@K<J< P EFK@=@HL<J<%$ Cf hl\ Z`kf X ljk\[ gXiX cfj ]`e\j [\ c\p% ;I% <;N@E C8C8D8 M8P8J% J<:I<K8I@F ?Xp ]`idX p j\ccf 8:&./'+,&XX
<OKI8:KF :8LJ81 8C@D<EKFJ AL@:@F Ef% (((.X$)''0$8GK 8:KFI1 <CJ8 8@;<< D<I8 Q8D9I8EF ;<D8E;8;FJ1 CL@J ?<IE8E 9FIA8 I<P<J P JFE@8 8C@:@8 9FIA8 I<P<J :L8EK@8 1 J<@J D@C ;FC8I<J AL<Q1 ;I% ><I8I;F I8DFJ >FEQ8C<Q ALQ>8;F GI@D<IF ;< C8 E@z<Q P 8;FC<J:<E:@8 ;< G@:?@E:?8%$ Hl`kf# (* [\ X^fjkf [\c )%''0# cXj (._))% Ăˆ M@JKFJ1 8mfZf ZfefZ`$ d`\ekf [\ cX gi\j\ek\ ZXljX \e m`ikl[ [\c jfik\f i\Xc`qX[f% CX [\dXe[X gi\j\ekX[X \j ZcXiX p i\Â’e\ cfj i\hl`j`kfj \jkXYc\Z`[f \e cX C\p# \e kXc m`ikl[ j\ XZ\gkX Xc kiXd`k\ gi\m`jkf i\jg\Zk`mf \e \c :Xg‰klcf @@ [\ cX C\p I\]fidXkfi`X Xc K`klcf M# C`Yif J\^le[f [\c :ÂŽ[`^f [\ cX E`ÂŒ\q p 8[fc\jZ\eZ`X%%$ <jk\ Alq^X[f Zfe ]le[Xd\ekf \e \c Zfe$ k\e`[f [\c 8ik% `eeld\iX[f ), [\ cX `emfZX[X C\p I\]fidXkfi`X [\c :Â?[`^f [\ cX E`ÂŒ\q p 8[fc\jZ\eZ`X# GIF?@9< X cfj j\ÂŒfi\j ?<IE8E 9FIA8 I<P<J JFE@8 9FIA8 I<P<J 8LJ<EK8IJ< ;<C G8@J# _XjkX ZlXe[f \jkX Al[`ZXkliX [`j$ gfe^X cf ZfekiXi`f%$ F]ˆZ`\j\ X cXj Xlkfi`[X[\j Zfdg\k\ek\j%%%É ] ;i% Afj„ DXiˆX ;li}e GfeZ\%$ ALQ>8;F ;<:@DF ;< C8 E@z<Q P 8;FC<J:<E:@8 ;< G@:?@E:?8%$ Hl`kf# dXik\j (* [\ alc`f [\c )%'('# cXj (+_+'1 Ăˆ 8ZkÂ’\ \c J\Zi\kXi`f <eZXi^X[f ;i% @Y}e JlZlq_XÂŒXp d\[`Xek\ 8ZZ`Â?e [\ G\ijfeXc Ef% (*(+$;G$;GG [\ '/$'.$)%'('%$ 8^i„^l\ej\ X cfj Xlkfj cXj [fj gXik`[Xj [\ [\]leZ`Â?e [\ J\^le[f ?\ie}e 9fiaX p DXiˆX @jXY\c 9fiaX <ei`hl\q# gX[i\ p XYl\cX [\c d\efi%$ :Ă K<J< \e c\^Xc p [\Y`[X ]fidX Zfe \c Zfek\e`[f [\ cX [\dXe[X p Xlkf i\ZXˆ[f X cfj [\dXe[X[fj1 CL@J ?<IE8E 9FIA8 I<P<J p JFE@8 8C@:@8 9FIA8 I<P<J# [\ Zfe]fi$ d`[X[ Zfe \c 8ik% /) [\c :Â?[`^f [\ GifZ\[`d`\ekf :`m`c j\ [`jgfe\ Z`kXi gfi cX gi\ejX# 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 [\ \jkX Z`l[X[ [\ Hl`kf pX hl\ Zfe aliXd\ekf [\ZcX$ iX cX XZkfiX hl\ c\ \j `dgfj`Yc\ [\k\id`eXi cX i\j`[\eZ`X XZklXc [\ cfj _\idXefj [\c d\efi A_fj\cpe ;\ee`jj\ >Xm`[`X <jg`efjX%$ J\ gi\m`\e\ X cfj [\dXe[X[fj [\ cX fYc`^XZ`Â?e [\ ZfdgXi\Z\i X al`Z`f p j\ÂŒXcXi ZXj`cc\if al[`Z`Xc gXiX ]lkliXj efk`]`ZXZ`fe\j# YXaf gi\$ m\eZ`fe\j [\ Zfek`elXi cX ZXljX \e i\Y\c[ˆX [\ Zfe]fid`[X[ Zfe cX efidX c\^Xc [\c 8ik% (') [\c :Â?[`^f
[\ GifZ\[`d`\ekf :`m`c%$ 8 g\k`Z`Â?e [\ gXik\# \e m`ikl[ [\ cX efidX c\^Xc [\c 8ik% `eeld\iX[f ), [\ cX C\p i\]fidXkfi`X Xc Kˆklcf M# c`Yif @@ [\c :Â?[`^f Fi^}e`Zf [\ cX E`ÂŒ\q p 8[fc\jZ\eZ`X# j\ ;<:I<K8 \e Zfe$ kiX [\ cX [\dXe[X[X JFE@8 8C@:@8 9FIA8 I<P<J# k`klcXi [\ cX :„[lcX [\ :`l[X[XeˆX Ef% (.'.)0*,)$-# cX gif_`Y`Z`Â?e [\ Xlj\ekXij\ [\c k\ii`kfi`f eXZ`feXc# gXiX cf ZlXc f]ˆZ`\j\ X cX ;`i\ZZ`Â?e EXZ`feXc [\ D`^iXZ`Â?e%%%É%$] >\iXi[f IXdfj >feqXc\q%$ Al\q%$ ALQ>8;F ;<:@DF ;< C8 E@z<Q P 8;FC<J:<E:@8 ;< G@:?@E:?8%$ Hl`kf# d`„iZfc\j )( [\ alc`f [\c )%'('# cXj ('_*(1 Ăˆ8^i„^l\j\ X cfj Xlkfj \c \jZi`kf gi\j\ekX[f gfi cX XZkfiX# gifm\p\e[f \c d`jdf [`j$ gfe^f1 ;\ Zfe]fid`[X[ Xc 8ik% )/0 [\c :Â?[`^f [\ GifZ\[`d`\ekf :`m`c# j\ i\Zk`]`ZX# \c [\Zi\kf [\ dXik\j (* [\ alc`f [\c )%'(' X cXj (+?+'# \e \c j\ek`[f [\ hl\ \e cX gXik\ ]`eXc [\c `e[`ZX[f [\Zi\kf# j\ _X _\Z_f ZfejkXi# gfi le \iifi `emf$ clekXi`f1 ĂˆA_fj\cpe ;\e`jj\ >Xm`[`X <jg`efjXÉ ZlXe[f \e i\Xc`[X[ cX d\efi gXiX cX ZlXc j\ i\ZcXdX Xc`d\ekfj \j ĂˆALC@8E8 D89<C 9FIA8 D<I8É %$ 8 cfj _\idXefj# _fp [\dXe[X[fj [\ [`Z_X d\efi \j [\ hl\`e\j \j `dgfj`Yc\ [\k\i$ d`eXi cX i\j`[\eZ`X XZklXc %$ <e cf [\d}j cXj gXik\j \jkXi}e X cf [`jgl\jkf \e [`Z_f [\Zi\kf%$ 8ZkÂ’\ \c J\Zi\kXi`f <eZXi^X[f ;i% @Y}e JlZlq_XÂŒXp d\[`Xek\ 8ZZ`Â?e [\ G\ijfeXc Ef% (*(+$;G$;GG [\ '/$ '.$)%'('%%%É ] ;i% >\iXi[f iXdfj >feq}c\q# Al\q%$ 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 [fd`Z`c`f al[`Z`Xc gXiX jlj ]lkliXj efk`]`ZXZ`fe\j [\c al`Z`f% ;i% @Y}e JlZlq_XÂŒXp J<:I<K8I@F < ?Xp ]`idX p j\ccf 8:&./'*.&XX I% ;<C <% ALQ>8;F ;<:@DF J<>LE;F 8;ALEKF ;< C8 E@z<Q P 8;FC<J:<E:@8 ;< G@:?@E:?8 :@K8:@äE AL;@:@8C 8C J<zFI1 IF9<IK? P8E:F9P M<C8JK<>L@ :FII8C<J% <OKI8:KF :8LJ81 @EK<IM<E:@äE <HL@GF Ky:E@:F AL@:@F Ef% (,-0$)'(' I%G 8:KFI1 D8I@8 @J89<C E8I8EAF >8C@8EF ; < D 8 E ;8 ; F 1 I F 9 < I K ? P8 E : F 9 P M < C 8 J K < > L @ :FII8C<J%
:L8EK@81 @E;<K<ID@E8;8 AL<Q1 ;I% I8LC I<@EFJF IFA8J ALQ>8;F ;<:@DF J<>LE;F ;< C8 E@z<Q P 8;FC<J:<E:@8 ;< G@:?@E:?8%$ Hl`kf# m`\ie\j )( [\ \e\if [\c )'((# cXj ()_(+% M@JKFJ%$ M@JKFJ1 8mfZf ZfefZ`d`\ekf [\ cX gi\j\ek\ g\k`Z`�e \e m`ikl[ [\c jfi$ k\f [\ C\p# \e d` ZXc`[X[ [\ Al\q 8[alekf ;„Z`df J\^le[f [\ cX E`Œ\q p 8[fc\jZ\eZ`X [\ G`Z_`eZ_X# [\ Zfe]fid`[X[ X cX I\jfclZ`�e Ef ',*$)'(' [\c Gc\ef [\c :fej\af [\ cX Al[`ZXkliX# glYc`ZX[X \e \c I\^`jkif F]`Z`Xc Ef )-+ [\c ), [\ X^fjkf [\c )'('%$ <e cf gi`eZ`gXc [\ Zfe]fid`[X[ Zfe \c 8ik% ).' [\c :�[`^f [\ GifZ\[`d`\ekf :`m`c2 j\ XZ\gkX X ki}d`k\ cX [`c`^\eZ`X [\ `em\jk`^XZ`�e JfZ`Xc p Gfc`Z`Xc# \e Xgc`ZXZ`�e [\ cf gi\Z\gklX[f \e \c 8ik% )-0 [\c :�[`^f [\ cX E`Œ\q p 8[fc\jZ\eZ`X m`^\ek\# gfi cf hl\ j\ ;`jgfe\1 J\ i\d`kX \c <OG<;@<EK<# X cX F]`Z`eX K„Ze`ZX [\ \jk\ Al[`ZXkliX p f]ˆZ`\j\ Xc A\]\ [\ cX ;@E8G<E# hl`\e\j [\Y\i}e gi\j\ekXi cfj `e]fid\j i\jg\Zk`mfj X \jk\ Alq^X[f# Zfe]fid\ X C\p%$ <e d„i`kf Xc aliXd\ekf i\e[`[f gfi cX j\ŒfiX D8I@8 @J89<C E8I8EAF >8C@8EF# [\ Zfe]fid`[X[ Zfe cf gi\m`jkf \e \c 8ik% /) [\c :�[`^f [\ GifZ\[`d`\ekf :`m`c# Zˆk\j\ Xc [\dXe[X[f IF9<IK? P8E:F9P M<C8JK<>L@ :FII8C<J# gfi d\[`f [\ cX gi\ejX \e lef [\ cfj [`Xi`fj [\ dXpfi Z`iZlcXZ`�e [\ \jkX Z`l[X[ [\ Hl`kf%$ K„e^Xj\ \e Zl\ekX cX ZXj`ccX Al[`Z`Xc j\ŒXcX[f gfi cX XZZ`feXek\ gXiX i\Z`Y`i efk`$ ]`ZXZ`fe\j hl\ c\ Zfii\jgfe[Xe%$ CX [fZld\ekXZ`�e gi\j\ekX[X X^i„^l\j\ X cfj Xlkfj%$ :ˆk\j\ p Efk`]ˆhl\j\%$ = ;i% IX’c I\`efjf IfaXj%$ Al\q 8[alekf% Cf hl\ Zfdle`Zf X ljk\[ P C< :@KF gi\m`e`„e[fc\ [\ cX fYc`^XZ`�e hl\ k`\e\ [\ j\ŒXcXi ZXj`cc\if al[`Z`Xc gXiX jlj efk`]`ZXZ`fe\j%$ ;i% If[i`^f G`Z_lZ_f >% J\Zi\kXi`f 8[alekf ?Xp ]`idX p j\ccf 8:&..0//&XX I<GL9C@:8 ;<C <:L8;FI :@K8:@FE AL;@:@8C J<:I<K8I@8 8;ALEK8 ;<C ALQ>8;F 8;ALEKF J<>LE;F ;< E@z<Q P 8;FC<J:<E:@8 ;<C :8EKFE HL@KF 8 C8 J<zFI8 IFJ8 D8I@E8 9<E8C:8Q8I 9<E8C:8Q8I P 8C GL9C@:F <E ><E<I8C C<J ?8>F J89<I CF J@>L@<EK<1 <OKI8:KF1 8:KFI1 8L>LJKF IFC8E;F
I<GL9C@:8 ;<C <:L8;FI
ALQ>8;F ;<:@DF ;< C8 E@z<Q P 8;FC<J:<E:@8 ;< G@:?@E:?8 :@K8:@äE AL;@:@8C 81 CL@J ?<IE8E 9FIA8 I<P<J P JFE@8 8C@:@8 9FIA8 I<P<J
CONVOCATORIA De conformidad con lo que dispone la clĂĄusula sexta, del estatuto social, en concordancia con el art. 235 de la ley de compaĂąĂas vigente, la CompaĂąĂa “OPERADORES DE TRANSPORTE Y TURISMO DE TAXIS OPETRANS S.A.â€? convoca a la Junta Ordinaria de Accionistas, ha llevarse efecto el dĂa sĂĄbado doce de marzo de dos mil once a las 10h00, en la oficina de la CompaĂąĂa, ubicada en las calles Ignacio AsĂn N51-101 Y Antonio RomĂĄn, sector San Fernando, para tratar el siguiente orden del dĂa: 1.- CONSTATACIĂ“N DE QUĂ“RUM 2.- INFORME DE PRESIDENTE 3.- INFORME DE GERENTE 4.- INFORME DE COMISARIO 5.- APROBACIĂ“N DE LOS ESTADOS FINANCIEROS DEL EJERCICIO ECONĂ“MICO 2010 6.- APROBACIĂ“N DEL PRESUPUESTO 2011 Se convoca de manera especial al sr. Juan JosĂŠ GarcĂa Comisario Principal de la CompaĂąĂa.
CONVOCATORIA A JUNTA GENERAL ORDINARIA DE ACCIONISTAS DE LA COMPAĂ‘Ă?A LEGISLACION INDEXADA SISTEMATICA LEXIS S.A. De conformidad con las disposiciones legales vigentes y los estatutos sociales, convoco a los seĂąores Accionistas de la CompaĂąĂa LegislaciĂłn Indexada SistemĂĄtica LEXIS S.A., a la Junta General Ordinaria, que se llevarĂĄ a cabo el dĂa viernes 11 de Marzo del 2011, a las 17:00 horas (5 p.m.), en las Oficinas de la compaĂąĂa ubicadas en la avenida Galo Plaza Lasso N47-190 y Pablo Paredes, de esta ciudad de Quito, para tratar el siguiente orden del dĂa: 1. Conocimiento y resoluciĂłn sobre el Informe del Gerente, por el ejercicio fiscal 2010. 2. Conocimiento y resoluciĂłn sobre el Informe del Comisario de la CompaĂąĂa, por el ejercicio fiscal 2010. 3. Conocimiento, discusiĂłn y resoluciĂłn sobre los Estados de InformaciĂłn Financiera, cortados a Diciembre 31 del 2010. 4. ResoluciĂłn sobre la propuesta de reparto de las utilidades liquidas y realizadas, provenientes del ejercicio fiscal 2010. 5. Conocimiento y resoluciĂłn sobre el Plan de ImplementaciĂłn para AdopciĂłn de las NIIF, de cumplimiento obligatorio de conformidad con las disposiciones legales vigentes. 6. Conocimiento y resoluciĂłn de la propuesta de la AdministraciĂłn para una nueva estructura administrativa. 7. Nombramiento de Comisarios. Se convoca en forma particular al seĂąor Comisario Principal de la empresa, Eco. Gonzalo Vela Borja. Los estados de informaciĂłn financiera estarĂĄn a disposiciĂłn de los seĂąores Accionistas a partir del 25 de febrero del 2011, en las oficinas de la compaĂąĂa. Quito, 21 de Febrero del 2011
Sr. LenĂn Quiùónez Gerente General OPETRANS S.A.
Sr. Marco Pilliza Presidente A.P./48158/k.m.
Atentamente, Ing. Juan Francisco Jervis PRESIDENTE
A.P./48159/k.m.
8I@8J IFE ;<D8E;8;81 IFJ8 D8I@E8 9<E8C:8Q8I 9<E8C:8Q8I D<EFI1 J@CM8E8 E8K?8CP 8I@8J 9<E8C:8Q8I :8LJ81 8C@D<EKFJ Ef%$ )'')$ ('-($>J :L8EK@81 @E;<K<ID@E8;8 AL<Q1 ALQ>8;F J<>LE;F ;< E@z<Q P 8;FC<J:<E:@8 ;<C :8EKFE HL@KF GIFM@;<E:@81 ALQ>8;F J<>LE;F 8;ALEKF ;< E@z<Q P 8;FC<J:<E:@8 ;<C :8EKFE HL@KF%$ '+ ;< D8IQF ;<C )'(' C8J (,?)/%$ M@JKFJ1 CX [\dXe[X [\ i\YXaX hl\ Xek\Z\[\ j\ cX ZXc`]`ZX [\ ZcXiX# gi\Z`jX p i\’e\ cfj i\hl`j`kfj [\ c\p# gfi cf hl\ j\ XZ\gkX X ki}d`k\% Gfi ZlXekf cX j\Œf$ iX ;iX% D8I@<C8 C8I8 ;<C GFQF# gifZliX[fiX al[`Z`Xc [\c [\dXe[X[f 8L>LJKF IFC8E;F 8I@8J IFE# _X [\ZcXiX[f YXaf aliXd\ekf hl\ _X j`[f `dgfj`Yc\ [\k\id`eXi cX `e[`m`$ [lXc`[X[ f i\j`[\eZ`X [\ cX dX[i\ [\ cX d\efi J@CM8E8 E8K?8CP 8I@8J 9<E8C:8Q8I# j\ [`jgfe\ :@K8I gfi cX gi\ejX X cX j\ŒfiX IFJ8 D8I@E8 9<E8C:8Q8I 9<E8C:8Q8I 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 [\ G`Z_`eZ_X# X ]`e [\ hl\ Zfek\jk\ [\ Zfe]fid`[X[ Zfe cfj 8ik% (') [\c :�[`^f [\ GifZ\[`d`\ekf :`m`c p ).* [\c :�[`^f [\ E`Œ\q p 8[fc\jZ\eZ`X p j\ŒXc\ [fd`Z`c`f al[`Z`Xc gXiX i\Z`Y`i jlj efk`]`ZXZ`fe\j gfjk\$ i`fi\j YXaf gi\m\eZ`fe\j [\ C\p% J` ZfekX[fj m\`ek\ [ˆXj X gXik`i [\c [ˆX j`^l`\ek\ [\ cX ]\Z_X [\ cX ’ck`dX glYc`ZXZ`�e ef ZfdgXi\Z`\i\# j\ j\^l`i} Zfe cX ZXljX \e i\Y\c[ˆX%$ K„e^Xj\ \e Zl\ekX \c ZXj`cc\if Al[`Z`Xc j\ŒXcX[f gfi cX gXik\ XZkf$ iX p X^i„^l\j\ cX [fZld\ekXZ`�e X[alekX%$ Efk`]ˆhl\j\% GXik`ZlcXi hl\ Z`kf gXiX cfj ]`e\j [\ c\p% 8k\ekXd\ek\# ;I8% 8C98 G8C8>L8:?@ C% J<:I<K8I@8 8;ALEK8 ?Xp ]`idX p j\ccf 8:&..00*&D>
<OKI8:KF AL;@:@8C ALQ>8;F J<OKF ;< C8 E@z<Q P 8;FC<J:<E:@8 ;< G@:?@E:?8 :@K8:@FE AL;@:@8C 8 Cfj GX[i\j# =Xd`c`Xi\j f Klkfi\j [\c E`ÂŒf =I8E:@J:F O8M@<I G8JHL<C G8JHL<C# \e \c Al`Z`f [\ ;<:C8I8KFI@8 ;< 8;FGK89@C@;8; hl\ cf j`^l\ cX ?eX% D8I@8 ;<C :@JE< M<>8 :8LJ81 ;<:C8I8KFI@8 ;< 8;FGK89@C@;8; Eif% ;< AL@:@F1 ')-'$)'('$8I 8:KFI1 ?eX% D8I@8 ;<C :@JE< M<>8 ;<D8E;8;FJ1 GX[i\j# =Xd`c`Xi\j f Klkfi\j [\c E`ÂŒf =I8E:@J:F O8M@<I G8JHL<C G8JHL<C :L8EK@81 @E;<K<ID@E8;8 AL<Q81 ;I8% :<:@C@8 ;L8IK< F9A<KF1 :`kXZ`Â?e GIFM@;<E:@81 ALQ>8;F J<OKF ;< C8 E@z<Q P 8;FC<J:<E:@8 ;< G@:?E:?8% Hl`kf m`\ie\j () [\ \e\if [\c )'('# cXj (,_'-%$ M@JKFJ1 M@JKFJ1 LeX m\q hl\ cX ?eX% D8I@8 ;<C :@JE< M<>8 I8D@I<Q# _X [\ZcXiX[f YXaf aliXd\ekf hl\ [\jZfefZ\ \c [fd`Z`c`f [\ cfj gX[i\j# ]Xd`c`Xi\j f klkfi\j [\c e`ÂŒf hl\ gXiX \]\Zkfj [\ `[\ek`]`ZXZ`Â?e j\ cf ccXdX Zfdf =I8E:@J:F O8M@<I G8JHL<C G8JHL<C p c\ \j `dgfj`Yc\ [\k\i$ d`eXi jlj `e[`m`[lXc`[X[\j# j\^Â’e cf \jkXYc\Z`[f \e \c 8ik% /) [\c :Â?[`^f [\ GifZ\[`d`\ekf :`m`c%$ <e cf gi`e$ Z`gXc# [\ Zfe]fid`[X[ Xc 8ik% -. [\c :Â?[`^f [\ GifZ\[`d`\ekf :`m`c# cX
[\dXe[X [\ ;<:C8I8KFI@8 ;< 8;FGK89@C@;8;# \j ZcXiX# gi\Z`jX p i\Â’e\ cfj i\hl`j`kfj [\ C\p# \e Zfej\Zl\eZ`X j\ c\ XZ\gkX X ki}d`k\% :ˆk\j\ Zfe \c Zfek\e`[f [\ cX [\dXe$ [X X cfj gX[i\j# ]Xd`c`Xi\j f klkf$ i\j [\c e`ÂŒf =I8E:@J:F O8M@<I G8JHL<C G8JHL<C# X kiXm„j [\ ki\j glYc`ZXZ`fe\j gfi cX gi\ejX \e lef [\ cfj [`Xi`fj [\ dXpfi Z`iZlcXZ`Â?e [\c gXˆj# e`ÂŒf hl\ ]l\ \eZfekiX[f XYXe[feX[f \e cX 8m% DXi`jZXc JlZi\# j\Zkfi cX JXek`X^f# \c '+ [\ fZklYi\ [\ )''/# ZlXc \j [\ iXqX d\jk`qX# g`\c YcXeZX# ZXY\ccf p fafj e\^ifj# kXccX 0, Zd# p g\jf ()%* B^ gi\jld`Yc\d\ek\ eXZ`[f \e Hl`kf \c + [\ FZklYi\ [\ )'',% J\ c\j gi\m`\e\ X cfj [\dXe[X[fj [\ cX fYc`^XZ`Â?e hl\ k`\e\e [\ j\ÂŒXcXi ZXj`ccX al[`Z`Xc \e cX gi\j\ek\ ZXljX% <jk\ alq^X[f Zfdf d\[`[X [\ gif$ k\ZZ`Â?e p [\ Zfe]fid`[X[ Zfe cf gi\$ Z\gklX[f \e cfj 8ikj% .'# eld\iXc )# )(,# )*) p j`^l`\ek\j [\c :Â?[`^f [\ cX E`ÂŒ\q p 8[fc\jZ\eZ`X# fi[\eX hl\ \c e`ÂŒf =I8E:@J:F O8M@<I G8JHL<C G8JHL<C g\idXe\qZX \e 8Zf^`d`\ekf @ejk`klZ`feXc \e \c ?f^Xi [\ E`ÂŒfj ĂˆJXekX ClZ`X Ăˆ [\ \jkX Z`l[X[ [\ Hl`kf%$ 8Zfi[\ cf gi\jZi`kf \e cfj 8ikj% )-/# )-0 [\c :l\igf c\^Xc `emfZX[f# `ek\im\e$ ^X cX F]`Z`eX K„Ze`ZX [\c Alq^X[f J\okf [\ cX E`ÂŒ\q p 8[fc\jZ\eZ`X [\ G`Z_`eZ_X# D`e`jk\i`f GlYc`Zf p cX ;@E8G<E [\Y`\e[f gi\j\ekXi \c `e]fid\ i\jg\Zk`mf X \jkX Al[`ZXkliX% :@K<J< P EFK@=@HL<J<% ;I% D8I@F P8E<Q J<:I<K8I@F < 8%8%&)-*/,
<A<:LK@MFJ I<GL9C@:8 ;<C <:L8;FI ALQ>8;F ;<:@DF ;< CF :@M@C ;< G@:?@E:?8 :@K8:@FE AL;@:@8C1 J?@C8 D8I@9<C IFJ<IF 9LJKFJ AL@:@F1 <A<:LK@MF Ef% )'('$(.). 8:KFI1 A8@D< =I8EBC@E A8:FD< GLG@8C<J KI8D@K<1 <A<:LK@MF
SURPERINTENDENCIA DE COMPAĂ‘Ă?AS RESOLUCIĂ“N No. Q.IMV.2011. 0735 FRANCISCO VIZCAINO ZURITA INTENDENTE DE MERCADO DE VALORES-QUITO CONSIDERANDO: QUE, mediante ResoluciĂłn No.Q.IMV.08.4536 de 30 de octubre de 2008, la Superintendencia de CompaĂąĂas autorizĂł la emisiĂłn de Papel Comercial por un monto de USD 6’000.000,00 (SEIS MILLONES DE DOLARES DE LOS ESTADOS UNIDOS DE AMERICA) de la compaĂąĂa INDUSTRIAS ALES C.A. y dispuso su inscripciĂłn en el Registro del Mercado de Valores bajo el nĂşmero 2008.1.02.00676 de 06 de noviembre de 2008; QUE, el ArtĂculo 23 numeral 2 de la Ley de Mercado de Valores, en concordancia con el numeral 1 del ArtĂculo 11, CapĂtulo I, TĂtulo I, de la CodificaciĂłn de las Resoluciones expedidas por el Consejo Nacional de Valores, establece que la cancelaciĂłn de la inscripciĂłn de un valor en el Registro del Mercado de Valores puede realizarse de oficio, siempre que se hubiesen extinguido los derechos conferidos por el valor y se hubiese redimido totalmente la emisiĂłn; QUE, la DirecciĂłn de Control de la Intendencia de Marcado de Valores, mediante Memorando de 01 de febrero del 2011 remite el Informe No. SC.IMV.DC.2011.050 del mismo aĂąo y emite criterio favorable para la cancelaciĂłn de oficio de la inscripciĂłn de la emisiĂłn antes citada;
H[YedeY[h bW feXh[pW de Z[i^edhW W kd ^ecXh[" f[he i‡ de ^WY[h d_d]‘d [i\k[hpe fWhW iWb_h Z[ [bbW$ JK9Þ:?:;I
:L8EK@81 )*%'''%ff ;FD@:@C@F AL;@:@8C1 )()( ;I D8I:<CF KFIF ALQ>8;F ;<:@DF ;< CF :@M@C ;< G@:?@E:?8% HL@KF# (. [\ <E<IF [\c )'('# cXj '/_+/% M@JKFJ%$ 1 CX [\dXe[X gi\j\ekX[X \j ZcXiX# gi\Z`jX p i\Â’e\ cfj i\hl`$ j`kfj [\ C\p% Gfi Zfej`^l`\ek\# j\ [`jgfe\ hl\ cX j\ÂŒfiX J_`cX DXi`Y\c Ifj\if 9ljkfj # ZldgcXe Zfe jl fYc`$ ^XZ`Â?e f gifgfe^Xe \oZ\gZ`fe\j \e \c k„id`ef [\ ki\j [ˆXj% 8k\ekf \c aliXd\ekf i\e[`[f gfi \c XZkfi# Zˆk\j\ X cfj [\dXe[X[fj d\[`Xek\ glYc`ZXZ`fe\j [\ gi\ejX# \e lef [\ cfj [`Xi`fj [\ dXpfi Z`iZlcXZ`Â?e [\ \jkX Z`l[X[ [\ Hl`kf [\ XZl\i$ [f X cX ]fidX gi\m`jkX gfi \c 8ik% /) [\c :Â?[`^f [\ GifZ\[`d`\ekf :`m`c% 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\ cX [fZld\ekXZ`Â?e X[alekX% Gfi J\Zi\kXiˆX# [\j^cÂ?j\j\ cX [fZld\ekXZ`Â?e jfc`Z`kX[X [\aXe$ [f# gi\m`Xd\ek\# Zfg`Xj p i\Z`Yf \e Xlkfj% 8Zkl„ \c ;i% <[^Xi ?Xif \e ZXc`[X[ [\ j\Zi\kXi`f \eZXi^X[f d\[`Xek\ XZZ`Â?e [\ g\ijfeXc eld\$ if '')+ ;G Æ;GG ', ;< \e\if )'(( Efk`]ˆhl\j\%$ = ;i% Afj„ DXikˆe\q EXiXeaf% Al\q CF HL< CC<MF 8 JL :FEF:@D@<EKF P C< :@KF GI<M@E@yE;FC< ;< C8 F9C@>8:@äE ;< J<z8C8I :8J@CC<IF AL;@:@8C G8I8 GFJK<I@FI<J EFK@=@:8:@FE<J% ;I% <[^Xi ?Xif J<:I<K8I@F ;<C ALQ>8;F ;<:@DF ;< CF :@M@C ;< G@:?@E:?8% 8%G%&+/(-'&b%d% I% ;<C <% ALQ>8;F K<I:<IF ;< CF :@M@C ;< G@:?@E:?8 :@K8:@FE AL;@:@8C 8c [\dXe[X[f CL@J <EI@HL< J8J@> HL@J?LG8E>L@ j\ c\ Z`kX Zfe cX [\dXe[X <a\Zlk`mX j\^l`[f gfi cX XZkfiX D8IK?8 >I8:@<C8 :8;<E8 J8E:?<Q# _Xp cf hl\ j`^l\2 AL@:@F1 Ef% ,,-$)'(' KI8D@K<1 <a\Zlk`mf 8:KFI1 D8IK?8 >I8:@<C8 :8;<E8 J8E:?<Q ;<D8E;8;8F1 8E><C D8I@8 J8EKFJ :?@:8@Q8# D8I@8 =I8E:@J:8 KF8QF J8DL<Q8# CL@J <EI@HL< J8J@> HL@J?LG8E>L@ p D8I@8 KI8EJ@KF K8:F J8E>L:?F KI8D@K81 ;iX% DXi`X <c\eX >l\ii\if GIFM@;<E:@81 ALQ>8;F K<I:<IF ;< CF :@M@C ;< G@:?@E:?8%$ HL@KF%$ *' [\ 8Yi`c [\c )'('# cXj (-_,'%$ M@JKFJ1 8mfZf ZfefZ`d`\ekf \e cX gi\j\ek\
ZXljX \e ZXc`[X[ [\ Al\q Jlgc\ek\ [\ \jkX Al[`ZXkliX# \e m`ikl[ [\ cX 8ZZ`Â?e [\ G\ijfeXc Ef% ),)/ ;;G# [\c ), [\ 8^fjkf [\c )''/ p \e m`ikl[ [\c jfik\f i\Xc`qX[f% <e cf gi`eZ`gXc# cX [\dXe[X hl\ Xek\Z\[\ \j ZcXiX p i\Â’e\ cfj [\d}j i\hl`j`kfj [\ c\p# \e Zfej\Zl\eZ`X# j\ XZ\gkX Xc kiXd`k\ <a\Zlk`mf%$ Cfj j\ÂŒfi\j Ă?e^\c DXiˆX JXekfj :_`ZX`qX p DXiˆX =iXeZ`jZX KfXqf JXdl\qX# \e ZXc`[X[ [\ [\l[fi\j gi`eZ`gXc\j# cfj j\ÂŒfi\j Cl`j <ei`hl\ JXj`^ Hl`j_lgXe^l` p DXiˆX Ki}ej`kf KXZf JXe^lZ_f# \e ZXc`[X[ [\ XmXc\j# \e \c k„id`ef [\ ki\j [ˆXj# ZldgcXe Zfe cX fYc`$ ^XZ`Â?e [\dXe[X[X f gifgfe^Xe cXj \oZ\gZ`fe\j i\jg\Zk`mXj%$ <e d„i`kf Xc :\ik`]`ZX[f [\c I\^`jkif [\ cX Gifg`\[X[ hl\ XZfdgXÂŒX p [\ Zfe]fid`[X[ Zfe cf [`jgl\jkf \e \c @eZ`jf J\^le[f [\c 8ik% +)( [\c :Â?[`^f [\ GifZ\[`d`\ekf# j\ fi[\eX cX gif_`Y`Z`Â?e [\ \eXa\eXi [\c `edl\Yc\ [\ gifg`\[X[ [\ cfj [\dXe[X[fj Ă?e^\c DXi`X JXekfj :_`ZX`qX p DXi`X =iXeZ`jZX KfXqf JXdl\qX# ZlpXj ZXiXZk\iˆjk`ZXj ZfejkXe \e \c Z\ik`]`ZX[f d\eZ`f$ eX[f# gXiX Zlpf \]\Zkf# efk`]ˆhl\j\ Xc j\ÂŒfi I\^`jkiX[fi [\ cX Gifg`\[X[ [\ Hl`kf# d\[`Xek\ f]`Z`f p \emˆ\j\ jl]`Z`\ek\ [\jgXZ_f%$ :ˆk\j\ X cfj [\dXe[X[fj 8E><C D8I@8 J8EKFJ :?@:8@Q8# D8I@8 =I8E:@J:8 KF8QF J8DL<Q8# CL@J <EI@HL< J8J@> HL@J?LG8E>L@ P D8I@8 KI8EJ@KF K8:F J8E>L:?F# \e ZXc`[X[\j `emfZX[Xj# \e cXj [`i\Z$ Z`fe\j hl\ `e[`ZX cX XZkfiX X hl`\$ e\j j\ c\j \eki\^XiXe Zfg`X [\ cX [\dXe[X p gifm`[\eZ`X i\jg\Zk`mX%$ 8^i„^l\j\ Xc gifZ\jf cX [fZld\e$ kXZ`Â?e gi\j\ekX[X%$ ;\ Zfe]fid`[X[ Zfe cf \jkXYc\Z`[f \e \c 8ik% 00) [\c :Â?[`^f [\ GifZ\[`d`\ekf :`m`c# [\aXe[f Zfg`Xj Z\ik`]`ZX[Xj p i\Z`Yf \e Xlkfj# [\j^cÂ?j\j\ cfj [fZld\e$ kfj X[alekfj%$ K„e^Xj\ \e Zl\ekX \c ZXj`cc\if al[`Z`Xc hl\ j\ÂŒXcX cX XZkfiX p cX Xlkfi`qXZ`Â?e ZfeZ\[`[X X jlj 8Yf^X[fj ;\]\ejfi\j%$ Efk`]ˆhl\j\% = ;i% NX^e\i A}k`mX Hl`ifq# Al\q Jlgc\ek\% ĂˆALQ>8;F K<I:<IF ;< CF :@M@C ;< G@:?@E:?8%$ Hl`kf# dXik\j (/ [\ \e\if [\c )'((# cXj (._'/%$ 8k\e[`\e[f \c \jZi`kf hl\ Xek\Z\$ [\1 8k\ekf Xc aliXd\ekf i\e[`[f gfi cX XZkfiX D8IK?8 >I8:@<C8 :8;<E8 J8E:?<Q# p [\ Zfe]fi$ d`[X[ Zfe \c 8ik% /) [\c :Â?[`^f [\ GifZ\[`d`\ekf :`m`c# Zˆk\j\ Xc [\dXe[X[f CL@J <EI@HL< J8J@> HL@J?LG8E>L@# gfi d\[`f [\ cX gi\ejX# \e lef [\ cfj [`Xi`fj [\ dXpfi Z`iZlcXZ`Â?e hl\ j\ \[`k\e \e \jkX Z`l[X[ [\ Hl`kf%É Cf hl\ Zfdle`Zf X ljk\[ gXiX cfj ]`e\j c\^Xc\j g\ik`e\ek\j p j\ c\
EN ejercicio de las atribuciones conferidas mediante Resoluciones Nos. ADM2009.003 de 1 de abril de 2009; y, SC-IAF-SAF-DRH-G-2010-0365 de 25 de agosto de 2010;
La compaĂąĂa CONSULTERMS S.A, se constituyĂł por escritura pĂşblica otorgada ante el Notario Octavo del Distrito Metropolitano de Quito, el 20 de Enero de 2011, fue aprobada por la Superintendencia de CompaĂąĂas, mediante ResoluciĂłn SC.IJ.DJC.Q.11.000700 de 15 de Febrero de 2011.
ARTĂ?CULO SEGUNDO.- NOTIFIAR al representante legal de la compaĂąĂa INDUSTRIAS ALES C.A., con la presente ResoluciĂłn, de la forma prevista en la Ley. ARTĂ?CULO TERCERO.- DISPONER que esta ResoluciĂłn se publique por una sola vez en uno de los diarios de mayor circulaciĂłn del domicilio principal del emisor. Un ejemplar de dicha publicaciĂłn deberĂĄ remitirse a la DirecciĂłn de AutorizaciĂłn y Registro de la Intendencia de Mercado de Valores, como requisito previo a la cancelaciĂłn de la inscripciĂłn.
81 I@:?8I; M@E@:@F G8C@Q D<E8 Zfe \c \okiXZkf [\ cX [\dXe[X p gifm`[\eZ`Xj hl\ X Zfek`elXZ`Â?e j`^l\e1 <OKI8:KF1 8Zkfi1 ;I8% D8I@8 <L><E@8 ;FEFJF GIF8zF# \e ZXc`$ [X[ [\ GifZliX[fiX Al[`Z`Xc [\c <Zfe% 8Y\cXi[f GXZ_Xef 9\ik\if# Gi\j`[\ek\ <a\Zlk`mf >\i\ek\ >\e\iXc [\c 98E:F ;< C8 GIF;L::@äE J%8%# GIF;L98E:F% ;\dXe[X[f1 I@:?8I; M@E@:@F G8C@Q D<E8% :lXekˆX1 LJ;% *,%'''#ff Al`Z`f <a\Zlk`mf Ef% -.*$)''0$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# '/ [\ Ale`f [\c )'('# cXj ((_+'% M@JKFJ%$ CX [\dXe[X gi\j\ekX[X gfi cX ;I8% D8I@8 <L><E@8 ;FEFJF GIF8zF# \e ZXc`[X[ [\ GifZliX[fiX Al[`Z`Xc [\c <Zfe% 8Y\cXi[f GXZ_Xef 9\ik\if# Gi\j`[\ek\ <a\Zlk`mf >\i\ek\ >\e\iXc [\c 98E:F ;< C8 GIF;L::@äE J%8%# GIF;L98E:F \e ZfekiX [\ I@:?8I; M@E@:@F G8C@Q D<E8# \j ZcXiX# gi\Z`jX p i\Â’e\ cfj i\hl`j`kfj c\^Xc\j \e Zfe$ j\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`Â?e )[X gXi}^iX]f )[f 8ikj% +(0 p j`^l`\ek\j [\c ZÂ?[`^f [\ GifZ\[`d`\ekf :`m`c% Gfi cf hl\ \c [\dXe[X[f I@:?8I; M@E@:@F G8C@Q D<E8 [\ekif [\c k„id`ef [\ ki\j [ˆXj gX^l\ cX fYc`^XZ`Â?e [\dXe[X[X f [\ekif [\c d`jdf k„id`ef gifgfe^X cXj \oZ\gZ`f$ e\j# 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`Â?e [\ gi`d\iX ?`gfk\ZX XY`\ikX p \e cf \jkXYc\Z`[f \e \c 8ik% +)* [\c :Â?[`^f [\ GifZ\[`d`\ekf :`m`c j\ [`jgfe\ \c \dYXi^f [\c ;\gXikXd\ekf eÂ’d\if 9 :<IF :<IF KI<J# XcˆZlfkX [\ (%0. 2 CXmXe[\iˆX 9 M<@EK@:@E:F# Zfe cX XcˆZlfkX [\ '%*+ # Zfe cX Xcˆ$ ZlfkX kfkXc [\ )#)( p GXihl\X[\if eÂ’d\if M<@EK@F:?F# XcˆZlfkX '#)- # [\c :fealekf I\j`[\eZ`Xc ?FC8E;8# j`klX[f \e cX gXiifhl`X :?8LG@:ILQ [\ \jk\ ZXekÂ?e# ZlpXj ZXiXZk\iˆjk`ZXj p [`d\ej`fe\j Zfej$ kXe \e \c Z\ik`]`ZX[f X[alekf% GXiX cX giXZk`ZX [\ \jkX [`c`^\eZ`X# Zl„ek\j\ Zfe cX Gfc`ZˆX EXZ`feXc p Zfe lef [\ cfj j\ÂŒfi\j ;\gfj`kXi`fj Al[`Z`Xc [\ \jk\ ZXekÂ?e# gXiX cf ZlXc i\dˆkXj\ Xk\ekf f]`Z`f kXekf X cX :fdXe[XeZ`X [\ cX Gfc`ZˆX EXZ`feXc [\c ;`jki`kf D\kifgfc`kXef [\ Hl`kf# Zfdf Xc J\ÂŒfi A\]\ [\ Jfik\f p :Xj`cc\ifj Al[`Z`Xc\j# i\jg\Zk`mXd\ek\% ?\Z_f
hl\ j\X# `ejZiˆYXj\ \c gi\j\e$ k\ \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\j$ g\Zk`mfj% :@K<J< Xc [\dXe[X[f \e cX [`i\ZZ`Â?e j\ÂŒXcX[X gfi cX gXik\ XZkfiX% K„e^Xj\ \e Zl\ekX \c ZXj`$ cc\if Al[`Z`Xc p cX Xlkfi`qXZ`Â?e X jl 8Yf^X[f gXkifZ`eX[fi% 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% ALQ>8;F J<OKF ;< CF :@M@C ;< G@:?@E:?8%$ Hl`kf# al\m\j ) [\ j\gk`\dYi\ [\c )'('# cXj '0_,*% <e ZXc`[X[ [\ Al\q K\dgfiXc [\c ;`jki`kf [\ G`Z_`eZ_X# \eZXi^X[f [\ \jkX Al[`ZXkliX j\^Â’e XZZ`Â?e [\ G\ijfeXc Ef (/')$;G$;GG [\ ). [\ X^fjkf [\c )'('# \d`k`[X gfi \c ;i% Bc„Y\i 8iXlaf DfifZ_f# ;`i\Zkfi Gifm`eZ`Xc [\ G`Z_`eZ_X [\c :fej\af [\ cX Al[`ZXkliX <eZXi^X[f# XmfZf ZfefZ`d`\ekf \e cX gi\j\ek\ ZXljX%$ 8k\ekf \c aliXd\ekf \ogi\$ jX[f gfi cX gXik\ XZkfiX ;I8% D8I@8 <L><E@8 ;FEFJF GIF8zF# \e ZXc`[X[ [\ GifZliX[fiX Al[`Z`Xc [\c <Zfe% 8Y\cXi[f GXZ_Xef 9\ik\if# Gi\j`[\ek\ <a\Zlk`mf >\i\ek\ >\e\iXc [\c 98E:F ;< C8 GIF;L::@äE J%8%# GIF;L98E:F p [\ Zfe]fid`$ [X[ Zfe cf fi[\eX[f \e \c 8ik% /) [\c :Â?[`^f [\ GifZ\[`d`\ekf :`m`c# Zˆk\$ j\ X I@:?8I; M@E@:@F G8C@Q D<E8 gfi cX gi\ejX# \jkf \j \e lef [\ cfj [`Xi`fj [\ dXpfi Z`iZlcXZ`Â?e p hl\ j\ \[`kXe \e \jkX Z`l[X[2 gXiX \c \]\Z$ kf Zfe]`„iXj\ \c \okiXZkf i\jg\Zk`mf% Efk`]ˆhl\j\% ] ;I% IXd`if :X[\eX M`el\qX%$ Al\q <eZXi^X[f% Cf hl\ Zfdle`Zf p c\ Z`kf X ljk\[ gXiX cfj ]`e\j c\^Xc\j Zfej`^l`\ek\j gi\m`e`„e[fc\ [\ cX fYc`^XZ`Â?e hl\ k`\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 :<M8CCFJ 8DGL;@8% J<:I<K8I@F :fejkX j\ccf p ]`idX 8:&./'-*&XXm
ALQ>8;F K<I:<IF ;< CF :@M@C ;< G@:?@E:?8 :@K8:@FE AL;@:@8C 81 D8IP P8;@I8 8E;I8;< >8E8 p AFJ< 8EKFE@F M<>8 CäG<Q <OKI8:KF AL@:@F% <A<:LK@MF ÆG8>8Iy$ :8LJ8 Ef% +,*$)''0 8:KFI% :FFG<I8K@M8 ;< 8?FIIF P :Iy;@KF GIF>I<JF C K ; 8 % Ăˆ:FFGIF>I<JFÉ ;<D8E;8;F% D8IP P8;@I8 8E;I8;< >8E8E p AFJy 8EKFE@F M<>8 CäG<Q
CONVOCATORIA
EXTRACTO CONSTITUCION DE CONSULTERMS S.A
ARTĂ?CULO PRIMERO.- CANCELAR en el Registro del Mercado de Valores, la inscripciĂłn de la emisiĂłn de papel comercial de la compaĂąĂa INDUSTRIAS ALES C.A., por el monto de USD 6’000.000,00 (SEIS MILLONES DE DOLARES DE LOS ESTADOS UNIDOS DE AMERICA), referida en el primer considerando de la presente ResoluciĂłn.
ALQ>8;F J<OKF ;< CF :@M@C ;< G@:?@E:?8% :@K8:@FE AL;@:@8C%
Ĺ? ĂąĹ? Ĺ? Ĺ? Ĺ?Ä‚Ä€Ä Ä
Ĺ? +. Ĺ? ÄŒĹ?
REPUBLICA DEL ECUADOR SUPERINTENDENCIA DE COMPAÑIAS
QUE, mediante Memorando No. SC.IMV.DJMV.2011.022 de 15 de febrero de 2011, se remite al Intendente de Mercado de Valores, la presente ResoluciĂłn para la suscripciĂłn correspondiente;
RESUELVE:
gi\m`\e\ [\ cX fYc`^XZ`Â?e hl\ k`\e\ [\ j\ÂŒXcXi ZXj`cc\if al[`Z`Xc \e cX Z`l[X[ [\ Hl`kf# gXiX jlj efk`]`ZX$ Z`fe\j%$ :\ik`]`Zf ;i% Afi^\ GXcXZ`fj ? J<:I<K8I@F ;<C ALQ>8;F K<I:<IF ;< CF :@M@C ;< G@:?@E:?8 ?Xp le j\ccf 8%8%&)-+,+
LA
COMPA�A
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 la compaĂąĂa es: A) LA ADMINISTRACION, COMPRA, VENTA, PERMUTA, AGENCIAMIENTO, CORRETAJE Y ARRENDAMIENTO DE BIENES INMUEBLES, TANTO EN EL SECTOR URBANO COMO RURAL.
ARTĂ?CULO CUARTO.- REMITIR una copia de esta ResoluciĂłn a las Corporaciones Civiles Bolsa de Valores de Quito y Bolsa de Valores de Guayaquil, para los fines consiguientes.
Quito, 15 de Febrero de 2011
COMUNIQUESE Y PUBLIQUESE.- Dada y firmada en la Superintendencia de CompaĂąĂas, en el Distrito Metropolitano de Quito, a 16 FEB 2011
Dr. Oswaldo Noboa León DIRECTOR JURIDICO DE COMPAÑIAS
CĂtase con carĂĄcter obligatorio a los accionistas de LA CompaĂąĂa SERTUPRERENT S.A. a la Asamblea General Extraordinaria el dĂa 4 de marzo del 2011, a las 13:00 pm, en las oficinas de la compaĂąĂa. Punto Ăşnico a tratar. ElecciĂłn de Presidente y Comisario Atentamente, Xavier Centeno GERENTE GENERAL
FRANCISCO VIZCAINO ZURITA. A.P./48151/k.m.
A.A./26436
AR/81740/cc
Ć
:L8EK@8% J<@J D@C ;äC8I<J 8D<I@:8EFJ -%'''#'' ĂˆALQ>8;F K<I:<IF ;< CF :@M@C ;< G@:?@E:?8% Hl`kf# () [\ dXpf [\c )''0# cXj (+_+0% M@JKFJ1$ ;i% NX^e\i 8iklif A~k`mX Hl`ifq# Al\q Jlgc\ek\ [\ \jkX Al[`ZXkliX d\[`Xe$ k\ 8ZZ`ÂŽe [\ G\ijfeXc Ef%),)/$;G$ ;;G [\c ), [\ 8^fjkf [\c )''/# XmfZf ZfefZ`d`\ekf [\ cX gi\j\ek\ ZXljX p \e m`ikl[ [\ cX iXqÂ?e [\ jfik\f hl\ Xek\Z\[\ [`jgfe^f1$ CX [\dXe[X ]fidlcX[X \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\ \a\Zlk`mf# \e Zfej\Zl\eZ`X cfj [\dXe[X[fj j\ÂŒfi\j :?@I@9F>8 CC8D8KLD9@ D8I@8 ;< CFLI;<J p K@KLHL@E>8 G@C:F AFJ< D8I@8 \e \c k„id`ef [\ ki\j [ˆXj ZldgcXe Zfe cX fYc`^XZ`Â?e [\dXe[X[X f [\ekif [\c d`jdf k„id`ef gifgfe$ ^Xe \oZ\gZ`fe\j YXaf gi\m\eZ`fe\j [\ C\p%%$ :‰k\j\ X cfj [\dXe[X[fj d\[`Xek\ :FD@J@FE i\d`k`[X Xc j\ÂŒfi K\e`\ek\ Gfcˆk`Zf [\ cX GXiifhl`X [\ PXilhlˆ# \emˆ\j\ \c [\jgXZ_f \e ]fidX%$ 8k\ekf%\c Z\i$ k`]`ZX[f [\ ^iXm}d\e\j [\c I\^`jkif [\ cX Gifg`\[X[ [\c :XekÂ?e Hl`kf# p Zfe]fid\ X cf \jkXYc\Z`[f \e \c 8ik% +)( [\c :ÂŽ[`^f [\ GifZ\[`d`\ekf :`m`c# j\ gif_`Y\ X cfj <A<:LK8;FJ :?@I@9F>8 CC8D8KLD9@ D8I@8 ;< CFLI;<J p K@KLHL@E>8 G@C:F AFJ< D8I@8 m\e[Xe# _`gfk\hl\e f Zfejk`klpXe fkif ^iXmXd\e f Z\c\$ Yi\e ZfekiXkf hl\ c`d`k\e \c [fd`e`f f ^fZ\ [\ Y`\e\j hl\ [\k\id`eX[fj gfi \c al\q# XcZXeZ\e gXiX i\jgfe$ [\i gfi \c mXcfi [\ cX fYc`^XZ`Â?e [\dXe[X[X# gXiX \c \]\Zkf efk`]ˆ$ hl\j\ Xc j\ÂŒfi I\^`jkiX[fi X ]`e [\ hl\ j\ kfd\ efkX \e cfj c`Yifj i\j$ g\Zk`mfj%$ ;\ Zfe]fid`[X[ X cf hl\ \jkXYc\Z\ \c 8ik% 00) [\c :Â?[`^f [\ GifZ\[`d`\ekf :`m`c# [\aXe[f Zfg`X# iXqÂ?e p i\Z`Yf \e Xlkfj gifZ„[Xj\ Xc [\j^cfj\ [\ cX [fZld\ekXZ`Â?e jfc`Z`kX[X p \eki„^l\j\ X cX g\i$ jfeX Xlkfi`qX[X%$ :l„ek\j\ Zfe \c ;I% CL@J =<IE8E;F D8IK@E<Q 98II<EF# \e cX ZXc`[X[ hl\ Zfd$ gXi\Z\ j\^Â’e gf[\i [\ GifZliXZ`Â?e Al[`Z`Xc X[alekf%$ KÂ?d\j\ efkX [\ cX ZXj`ccX al[`Z`Xc j\ÂŒXcX[X%$ 8^i„^l\j\ cX [fZld\ekXZ`Â?e XZfdgXÂŒX[X%$ 8ZkÂ’\ cX 8Y^% Af_XeX 8c\o`X =`\iif M\^X# Zfdf F]`Z`Xc DXpfi \eZXi^X[X [\ \jkX Al[`ZXkliX%$ Efk`]ˆhl\j\%$ ĂˆALQ>8;F K<I:<IF ;< CF :@M@C ;< G@:?@E:?8% Hl`kf# dXik\j ), [\ \e\if [\c )'((# cXj ('_)/%$ M@JKFJ1 8^i„^l\j\ Xc gifZ\jf \c \jZi`kf gi\j\ekX[f%$ 8k\ekf Xc aliXd\e$ kf i\e[`[f gfi CL@J =<IE8E;F D8IKĂ E<Q 98II<EF2 p# [\ Zfe$ ]fid`[X[ Zfe \c 8ik% /) [\c :Â?[`^f [\ GifZ\[`d`\ekf :`m`c# Zˆk\j\ X D8IP P8;@I8 8E;I8;< >8E8E p AFJy 8EKFE@F M<>8 CFG<Q gfi cX gi\ejX \e lef [\ cfj g\i`Â?[`Zfj [\ dXpfi Z`iZlcXZ`Â?e [\ cX Z`l[X[ [\ Hl`kfÉ%$ Efk`]ˆhl\j\%$ ;i% Alc`f :\jXi 8dfi\j IfYXc`ef%$ AL<Q% Cf hl\ Zfdle`Zf 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 gfjk\i`fi\j efk`]`ZXZ`fe\j%$ 8k\ekXd\ek\# ;i% Afi^\ GXcXZ`fj ?% J<:I<K8I@F ;<C ALQ>8;F K<I:<IF ;< CF :@M@C ;< G@:?@E:?8 :fejkX [\ j\ccf p ]`idX 8:&./'+0&XXm
<OKI8:KF ALQ>8;F HL@EKF ;< CF :@M@C ;< G@:?@E:?8 :@K8:@FE AL;@:@8C 1 8C J<zFI ;@<>F =<IE8E;F 8I@8J JĂ?E:?<Q 8:KFI1 8C=I<;F I8D@IF J<M@CC8 ;8C>F% ;<D8E;8;F1 ;@<>F =<IE8E;F 8I@8J JĂ?E:?<Q AL@:@F1 )''0$(-,($:J KI8D@K<1 <A<:LK@MF :L8EK@81 D@C ;FC8I<J ;< CFJ <JK8;F LE@;FJ ;< EFIK<8D<I@:8 =LE;8D<EKFJ ;< ;<I<:?F 1 <E CF ;@JGL<JKF <E <C 8IK@:LCF +(* ;<C :F;@>F ;< GIF:<;@D@<EKF :@M@C p +(' ;<C :F;@>F ;< :FD<I:@F 8JLEKF1 G8>F ;< C<KI8 ;< :8D9@F ;<=<EJFI ;<C 8:KFI1 ;I% A@DDP J8E:?<Q @E@:@8;F1(+ ;< ;@:@<D9I< ;<C )''0 ALQ>8;F HL@EKF ;< CF :@M@C ;< G@:?@E:?8%$ Hl`kf# ;`Z`\dYi\ (. [\c )''02 cXj (._))%$M@JKFJ%$ M@JKFJ%$ 8mfZf ZfefZ`d`\ekf [\ cX gi\j\ek\ ZXljX \e m`ikl[ [\c jfik\f hl\ Xek\Z\[\% <e cf gi`eZ`gXc cX [\dXe[X hl\ Xek\Z\[\ j\ cX ZXc`]`$ ZX [\ ZcXiX# gi\Z`jX# Zfdgc\kX p hl\ i\Â’e\ cfj [\d}j i\hl`j`kfj [\ c\p2 \e kXc m`ikl[# j\ cX XZ\gkX X ki}d`k\ \e cX mˆX [\c al`Z`f \a\Zlk`mf%$ <e Zfej\Zl\eZ`X# Xc [\dXe[X[f ;@<>F =<IE8E;F 8I@8J J8E:?<Q2 \e \c k„id`ef [\ ki\j [ˆXj ZldgcX Zfe cX fYc`^XZ`Â?e f [\ekif [\c d`jdf
Ĺ? Ĺ?
Ĺ?
Ĺ? Ĺ?
Ĺ?
ć
Ĺ? ĂąĹ? Ĺ? Ĺ? Ĺ?Ä‚Ä€Ä Ä
Ĺ? +. Ĺ? ÄŒĹ?
k„id`ef gifgfe^X \oZ\gZ`fe\j# YXaf gi\m\eZ`Â?e [\ j\ek\eZ`X% :ˆk\j\ Xc [\dXe[X[f \e \c cl^Xi j\ÂŒXcX[f gXiX \c \]\Zkf% KÂ?d\j\ efkX [\ cX ZlXekˆX p [fd`Z`c`f al[`Z`Xc j\ÂŒXcX[fj gfi \c XZkfi% 8ZkÂ’\ \c j\ÂŒfi ;i% Cl`j Ife M`ccXm`Z\eZ`f p ;i% AX`d\ Kfii\j :Xii\iX# \e ZXc`[X[ [\ J\Zi\kXi`f p F]`Z`Xc DXpfi \e ZXi^X[f i\jg\Z$ k`mXd\ek\ # [\ Zfe]fid`[X[ Zfe cf [`jgl\jkf gfi \c :feZ\af EXZ`feXc [\ cX Al[`ZXkliX# d\[`Xek\ f]`Z`f Ef% ))-$'.$:I?$:EA$<J% :ˆk\j\ p efk`]ˆhl\j\% ALQ>8;F HL@EKF ;< CF :@M@C ;< G@:?@E:?8%$Hl`kf# '- [\ 8^fjkf [\c )'('# cXj '0_('%$ <e Xk\eZ`Â?e [\c aliXd\ekf i\e[`[f gfi cX gXik\ XZkfiX p [\ Zfe]fid`$ [X[ Zfe \c XikˆZlcf /) [\c :Â?[`^f [\ GifZ\[`d`\ekf :`m`c % :ˆk\j\ Xc j\ÂŒfi ;@<>F =<IE8E;F 8I@8J JĂ?E:?<Q2 gfi cX gi\ejX \e lef [\ cfj g\i`Â?[`Zfj [\ Xdgc`X Z`iZlcXZ`Â?e hl\ j\ \[`kX \e \jkX Z`l[X[ [\ Hl`kf% Efk`]ˆhl\j\%$= ;iX% DXiˆX D\iZ\[\j Gfik`ccX% Cf hl\ c\ Zfdle`Zf gXiX cfj ]`e\j [\ C\p# gi\m`e`„e[fc\ [\ cX fYc`^X$ Z`Â?e [\ j\ÂŒXcXi :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 < ALQ>8;F HL@EKF ;< CF :@M@C ;< G@:?@E:?8 ?Xp ]`idX p j\ccf 8:&..//0&X
ALQ>8;F M@><J@DF K<I:<IF ;< CF :@M@C ;< G@:?@E:?8 :@K8:@FE AL;@:@8C 8 cfj j\Œfi\j ;8IN@E 8C<O8E;<I <J:F98I DLI@CCF P D8I:@J8 8EKFE@8 G@8E;8 8CM8I8;F j\ c\ _XZ\ ZfefZ\i <C <OKI8:KF ;< ;<D8E;8 <A<:LK@M8 p cX GIFM@;<E:@8# hl\ X Zfek`elXZ`�e j`^l\1 <OKI8:KF 8Zkfi1 A?F==I< I8=8<C DFI8 HL@KF ;\dXe[X[fj1 ;8IN@E 8C<O8E;<I <J:F98I DLI@CCF p D8I:@J8 8EKFE@8 G@8E;8 8CM8I8;F 8jlekf1 Hl\ gi\m`f \c ki}d`k\ g\ik`$ e\ek\# \e j\ek\eZ`X j\ j`imX [\ZcXiXi \c gX^f :lXekˆX1 (/%,''#'' KiXd`k\1 <a\Zlk`mf =\Z_X [\ @e`Z`XZ`�e1 (- [\ j\gk`\d$ Yi\ [\c )'(' :XljX <a\Zlk`mf1 Ef% ()/+$)'('% ;I8% B8C@EB8 A8I8D@CCF G I FM @ ; < E : @ 8 1 A L Q> 8 ; F M@><J@DF K<I:<IF ;< CF :@M@C ;< G@:?@E:?8 Hl`kf# cle\j ), fZklYi\ [\c )'('# cXj ((_,,%$ M@JKFJ1 CX Zfdg\k\eZ`X [\ \jkX ZXljX j\ _X iX[`ZX[f \e \jkX al[`ZXkliX \e m`ikl[ [\c jfik\f i\Xc`$ qX[f gfi cf kXekf XmfZf ZfefZ`d`\e$ kf [\ cX gi\j\ekX ZXljX \e ZXc`[X[ [\ Al\q k\dgfiXc d\[`Xek\ XZZ`�e [\ g\ijfeXc Ef% ))/.$;G$;GG [\ (, [\ FZklYi\ [\c )'('%$ <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% ;\j\ \c ki}d`k\ <A<:LK@MF%$ <e Zfej\Zl\eZ`X cfj [\dXe[X[fj ;8IN@E 8C<O8E;<I <J:F98I DLI@CCF p D8I:@J8 8EKFE@8 G@8E;8 8CM8I8;F%$ [\ekif [\c k„id`ef [\ ki\j [ˆXj gX^l\ Xc XZkfi cX ZXek`[X[ ZfejkXek\ \e cX c\kiX [\ ZXdY`f X[alekf# d}j cfj `ek\i\j\j i\jg\Zk`mfj f [\ekif [\c d`jdf k\i$ d`ef gifgfe^Xe \oZ\gZ`fe\j YXaf gi\m\eZ`fe\j [\ C\p%$ ;\ Zfe]fid`$ [X[ X cf [`jgl\jkf gfi \c 8ik% +)( [\c :�[`^f [\ GifZ\[`d`\ekf :`m`c j\ fi[\eX cX gif_`Y`Z`�e [\ \eXa\$ eXi [\c Y`\e `edl\Yc\ hl\ ZfejkX \e \c Z\ik`]`ZX[f [\c I\^`jkif [\ cX Gifg`\[X[ [\c :Xek�e Hl`kf X[alekf p hl\ \j [\ gifg`\[X[ [\ cfj [\dXe$ [X[fj j\Œfi\j Z�epl^\j ;8IN@E 8C<O8E;<I <J:F98I DLI@CCF P E8I:@J8 8EKFE@8 G@8E;8 8CM8I8;F# Zfej\Zl\ek\d\ek\ efk`]ˆhl\j\ Xc i\^`jkiX[fi [\ cX gif$ g`\[X[ X ]`e [\ hl\ kfd\ efkX [\ \jk\ gXik`ZlcXi \e cfj c`Yifj i\jg\Zk`mfj%$ :@K<J< X cfj [\dXe[X[fj ;8IN@E 8C<O8E;<I <J:F98I DLI@CCF P E8I:@J8 8EKFE@8 G@8E;8 8CM8I8;F \e \c cl^Xi j\ŒXcX[f gXiX \c \]\Zkf%$ 8^i„^l\j\ Xc gifZ\$ jf cX [fZld\ekXZ`�e XZfdgXŒX[X% K„e^Xj\ \e Zl\ekX cX ZXj`ccX al[`Z`Xc j\ŒXcX[X%$ EFK@=@HL<J<% = %$ ;i% N`cd\i 8dYifjj`# Al\q \eZXi^X[f ALQ>8;F M@><J@DF K<I:<IF ;< CF :@M@C ;< G@:?@E:?8%$ Hl`kf# cle\j (+ [\ ]\Yi\if [\c )'((# cXj ('_')%$ 8k\ekf Xc aliXd\ekf i\e[`[f gfi \c XZkfi p [\ Zfe]fid`[X[ X cf [`jgl\jkf gfi \c 8ik% /) [\c :�[`^f [\ GifZ\[`d`\ekf :`m`c% :@K<J< X cfj [\dXe[X[fj ;8IN@E 8C<O8E;<I <J:F98I DLI@CCF P D8I:@J8 8EKFE@8 G@8E;8 8CM8I8;F gfi cX gi\ejX \e lef [\ cfj [`Xi`fj [\ dXpfi Z`iZlcXZ`�e p hl\ j\ \[`kXe \e \jkX Z`l[X[%$ EFK@=@HL<J<%$ = ;i% =\c`g\ @e]Xek\ I\p% Al\q \eZXi^X[f Cf hl\ Zfdle`Zf X ljk\[ gXiX cfj ]`e\j [\ c\p%$ C\ gi\m\e^f [\ cX
fYc`^XZ`Â?e hl\ k`\e\ [\ j\ÂŒXcXi ZXj`cc\if al[`Z`Xc gXiX i\Z`Y`i ]lkliXj efk`]`ZXZ`fe\j% 89% AFI>< D@<I 9LI98EF J<:I<K8I@F )* ;< CF :@M@C ;< G@:?@E:?8 ?Xp ]`idX p j\ccf 8:&./'''&d^
FI;@E8I@FJ I<Gè9C@:8 ;<C <:L8;FI ALQ>8;F J<>LE;F ;< CF :@M@C ;< G@:?@E:?8 :@K8:@äE AL;@:@8C :ˆkXj\ Zfe \c j`^l`\ek\ \okiXZkf [\ cX [\dXe[X X1 cfj ?\i\[\ifj gi\jle$ kfj p [\jZfefZ`[fj [\ J<:LE;@EF IFJ<E;F J8C8Q8I p :<C@8 D8I@8 J8C8Q8I% Zlpf k\efi \j \c j`^l`\ek\1 8:KFI<J1 IFDLCF IL9<E HL@E8KF8 :8C;<IFE# \e ZXc`[X[ [\ GifZliX[fi ZfdÂ’e [\ jlj _\i$ dXefj <JK?<C8 D8I>FK?# I<E< =<IE8E;F# D@C8 @I<E<# J8DL<C ><ID8E@:F# J<>LE;F FCD<;F HL@E8KF8 :8C;<IFE ;<D8E;8;FJ1 D8I@8# :8ID<E# 8L>LJKF# G<;IF# 8C=I<;F p =8EEP J<:LE;@E8 J8C8Q8I J8C8Q8I% P cfj ?\i\[\ifj gi\jle$ kfj p [\jZfefZ`[fj [\ J<:LE;@EF IFJ<E;F J8C8Q8I p :<C@8 D8I@8 J8C8Q8I :C8J< ;< AL@:@F FI;@E8I@F1 Ef% ((/' $ )'('% =M :L8EKĂ 81 @E;<K<ID@E8;8 ALQ>8;F J<>LE;F ;< CF :@M@C ;< G@:?@E:?8% Hl`kf# m`\ie\j + [\ ]\Yi\if [\c )'((# cXj (,_'-% M@JKFJ1 CX [\dXe[X gi\j\ekX[X gfi1 IFDLCF IL9<E HL@E8KF8 :8C;<IFE# \e ZXc`[X[ [\ GifZliX[fi ZfdÂ’e [\ jlj _\idX$ efj <JK?<C8 D8I>FK?# I<E< =<IE8E;F# D@C8 @I<E<# J8DL<C ><ID8E@:F# J<>LE;F FCD<;F HL@E8KF8 :8C;<IFE \e ZfekiX [\ D8I@8# :8ID<E# 8L>LJKF# G<;IF# 8C=I<;F p =8EEP J<:LE;@E8 J8C8Q8I J8C8Q8I% P cfj ?\i\[\ifj gi\jlekfj p [\jZf$ efZ`[fj [\ J<:LE;@EF IFJ<E;F J8C8Q8I p :<C@8 D8I@8 J8C8Q8I% i\Â’e\ cfj i\hl`j`kfj c\^Xc\j# \e Zfe$ j\Zl\eZ`X j\ cX XZ\gkX Xc ki}d`k\ Zfii\jgfe[`\ek\ gfi cX mˆX fi[`eXi`X gi\m`jkX \e \c K`klcf @@# J\ZZ`Â?e (if# GXi}^iX]f (if 8ikj% *0, p j`^l`\ek\j [\c :Â?[`^f [\ GifZ\[`d`\ekf :`m`c% gXiX hl\ \e \c k„id`ef [\ (, [ˆXj gifgfe^X cXj \oZ\gZ`fe\j [\ cXj hl\ j\ Zi\p\i\e Xj`jk`[fj% :ˆk\j\ X cfj [\dXe[X[fj \e cX [`i\ZZ`Â?e `e[`ZX[X \e cX [\dXe[X% P Xk\ekX cX Xj\m\iXZ`Â?e aliXd\ekX[X [\ cfj [\dXe[Xek\j i\jg\Zkf [\ cX `dgf$ j`Y`c`[X[ [\ [\k\id`eXi cX `e[`m`[lX$ c`[X[ f i\j`[\eZ`X [\ cfj ?\i\[\ifj gi\jlekfj p [\jZfefZ`[fj [\ J<:LE;@EF IFJ<E;F J8C8Q8I p :<C@8 D8I@8 J8C8Q8I2 :ˆk\j\cfj# Zfe le \okiXZkf [\ cX [\dXe[X p \jkX gifm`[\eZ`X \e lef [\ cfj g\i`Â?[`Zfj [\ dXpfi Z`iZlcXZ`Â?e hl\ j\ \[`kXe \e cX Z`l[X[ d\[`Xek\ ki\j glYc`ZX$ Z`fe\j% ;\ Zfe]fid`[X[ Xc Xik% (''' [\c GifZ\[`d`\ekf :`m`c p Xc Z\ik`]`$ ZX[f [\c I\^`jkif [\ cX Gifg`\[X[ `ejZiˆYXj\ cX [\dXe[X \e \c I\^`jkif [\ cX Gifg`\[X[ [\c ZXekÂ?e% J\ Zfe$ kXiX Zfe cX ZfdgXi\Z\eZ`X [\c @cljki\ Dle`Z`g`f D\kifgfc`kXef [\ Hl`kf \e cX G\ijfeX [\c 8cZXc[\ p Jˆe[`Zf [\ cX Z`l[X[% KÂ?d\j\ \e Zl\ekX cX ZXj`ccX al[`Z`Xc p cX Xlkfi`qXZ`Â?e fkfi^X[X X jl XYf^X[f gXkifZ`eX[fi% 8^i„^l\j\ Xc gifZ\jf cfj [fZld\ekfj gi\$ j\ekX[fj% 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\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\ [\ 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 H% J<:I<K8I@F ?Xp le j\ccf 8I&/(.)-&ZZ
ALQ>8;F M@><J@DF GI@D<IF ;< CF :@M@C ;< G@:?@E:?8 ;< G@:?@E:?8 :@K8:@äE AL;@:@8C :@K8J< :FE <C J@>L@<EK< <OKI8:KF ;<C AL@:@F ;< GI<J:I@G:@FE 8;HL@J@K@M8 <OKI8FI;@E8I@8 ;< ;FD@E@F 8 IFJ8 LJ??L@z8 K@KL8z8#AL;@K? <I:@I8 FI9< E@<KF# 8 ?<IE8E CF8@Q8 P 8 CFJ ?<I<;<IFJ GI<JLEKFJ P ;<J:FEF:@;FJ ;< D<I:<;<J K@KL8z8 >L8D8E :LPF K<EFI <J <C J@>L@<EK<1 8:KFI1 AFJ< D@>L<C K@KL8z8 ;<D8E;8;FJ1 IFJ8 LJ?@z8 K@KL8z8#AL;@K? <I:@I8 FI9< E@<KF#8 ?<IE8E CF8@Q8 P 8 CFJ ?<I<;<IFJ GI<JLEKFJ P ;<J:FEF:@;FJ ;< D<I:<;<J K@KL8z8 >L8D8E :C8J< ;< AL@:@F1
Ĺ?
FI;@E8I@F ELD<IF1 +.0$)'(' >%<% C%:% F9A<KF ;< C8 ;<D8E;81 8;HL@I@I <C ;FD@E@F GFI GI<J:I@G:@FE ;<C D@JDF ;<C 8EK<I@FI ;L<zF GIFM@;<E:@8 @E@:@8C1 C8 HL< J@>L<1 ALQ>8;F M@><J@DF GI@D<IF ;< CF :@M@C ;< G@:?@E:?8 ;< G@:?@E:?8%$ Hl`kf# Cle\j ) [\ j\gk`\dYi\ [\ )'('#cXj ()_*)%$ M@JKFJ%$ Gfi ZlXekf j\ _X [X[f Zldgc`d`\ekf X cf [`jgl\jkf \e gifm`[\eZ`X `e`Z`Xc# X cX [\dXe$ [X j\ cX gifZ\[\ X ZXc`]`ZXi Zfdf ZcXiX# gi\Z`jX p hl\ i\Â’e\ cfj [\d}j i\hl`j`kfj [\ c\p# gfi cf hl\ j\ cX XZ\gkX X ki}d`k\ Fi[`eXi`f% :fej\Zl\ek\d\ek\# cfj [\dXe[X$ [fj1 8 IFJ8 LJ?@z8 K@KL8z8# AL;@K? <I:@I8 FI9< E@<KF p jl ZÂ?epl^\ ?<IEĂ?E CF8@Q8 p ?<I<;<IFJ GI<JLEKFJ P ;<J:FEF:@;FJ ;< D<I:<;<J KLKL8z8 >L8DĂ?E# \e \c k„i$ d`ef [\ hl`eZ\ [ˆXj# cl\^f [\ cX Â’ck`dX Z`kXZ`Â?e# gifgfe^Xe kf[Xj p ZX[X leX [\ cXj \oZ\gZ`fe\j hl\ j\ Zi\p\iXe Xj`jk`[fj%$ ;\ Zfe]fi$ d`[X[ Zfe \c 8ik% (''' [\c :Â?[`^f [\ GifZ\[`d`\ekf :`m`c# cX [\dXe$ [X `ejZiˆYXj\ \e \c I\^`jkif [\ cX Gifg`\[X[ [\c ZXekÂ?e%$ <e d„i`kf Xc aliXd\ekf p X]`idXZ`Â?e [\ hl\ c\j \j `dgfj`Yc\ [\k\id`eXi cX `e[`m`$ [lXc`[X[ f i\j`[\eZ`X [\ cfj [\dXe$ [X[fj# Zfe ]le[Xd\ekf \e \c 8ik% /) [\c :Â?[`^f [\ GifZ\[`d`\ekf :`m`c# j\ [`jgfe\ hl\# 8 IFJ8 LJ?@z8 K@KL8z8# AL;@K? <I:@I8 FI9< E@<KF # 8 ?<IEĂ?E CF8@Q8 p CFJ ?<I<;<IFJ GI<JLEKFJ P ;<J:FEF:@;FJ ;< D<I:<;<J KLKL8z8 >L8DĂ?E# j\ cfj Z`k\ X kiXm„j [\ cX gi\ejX gfi lef [\ cfj g\i`Â?[`Zfj [\ dXpfi Z`iZlcX$ Z`Â?e eXZ`feXc [\ cfj hl\ j\ \[`kXe \e \jk\ ;`jki`kf D\kifgfc`kXef [\ Hl`kf%$ :l„ek\j\ Zfe cfj i\jg\Zk`$ mfj g\ijfe\ifj [\c @cljki\ Dle`Z`g`f [\c ;`jki`kf D\kifgfc`kXef [\ Hl`kf%$ K„e^Xj\ \e Zl\ekX \c ZXj`cc\if al[`$ Z`Xc j\ÂŒXcX[f gfi \c XZkfi# cX [\j`^$ eXZ`Â?e [\ jl [\]\ejfi p cX ]XZlckX[ hl\ c\ ZfeZ\[\e# gXiX hl\ jljZi`YX ZlXekf \jZi`kf j\X e\Z\jXi`f# [\ekif [\ cX gi\j\ek\ ZXljX# \e [\]\ejX [\ jlj `ek\i\j\j%$ 8^i„^l\j\ cX [fZld\ekXZ`Â?e hl\ j\ XZfdgXÂŒX%$ :@K<J< P EFK@=@HL<J<%$= ;I% IL9<E ;8I@F >@C<I :<;<zF% AL<Q ;8I@F >@C<I :<;<zF%$ 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 %$GXiX i\Z`Y`i jlj gfjk\i`fi\j efk`$ ]`ZXZ`fe\j j`imXej\ j\ÂŒXcXi cX ZXj`$ ccX al[`Z`Xc [\ le XYf^X[f \e \jkX Al[`ZXkli`X Zfdf [`jgfe\ cX C\p% C:;F%>L@;F C<E@E <JG@EFQ8 <JG@EFJ8 J<:I<K8I@F ;<C ALQ>8;F M@><J@DF GI@D<IF ;< CF :@M@C ;< G@:?@E:?8 ;< G@:?@E:?8 :fejkX ]`idX p j\ccf 8:&./'-+&XXm
ALQ>8;F M@><J@DF :L8IKF ;< CF :@M@C ;< G@:?@E:?8 :@K8:@FE AL;@:@8C 8C J<zFI AFJ< CL@J E8IM8<Q 8C;8Q ;< C8 ;<D8E;8 FI;@E8I@8 GFI GI<J:I@G:@FE <OKI8FI;@E8I@8 8;HL@J@K@M8 ;< ;FD@E@F GIFGL<JK8 <E JL :FEKI8 GFI CFJ J<zFI<J <;@JFE N@CD8E E8IM8<Q D<;@8M@CC8 P D8I@8 M<IFE@:8 :8?L8K@AF I<@EFJF 8:KFI<J1 J<zFI<J <;@JFE N@CD8E E8IM8<Q D<;@8M@CC8 P D8I@8 M<IFE@:8 :8?L8K@AF I<@EFJF ;<D8E;8;F1 J<zFI AFJ< CL@J E8IM8<Q 8C;8Q AL@:@F1 EF% (-/-$)'('$DD KI8D@K<1 FI;@E8I@F :L8EK@81 @E;<K<ID@E8;8 =<:?8 ;< @E@:@8:@FE1 dXik\j (( [\ \e\if [\c )'(( G I FM @ ; < E : @ 8 1 A L Q> 8 ; F M@><J@DF :L8IKF ;< CF :@M@C ;< G@:?@E:?8%$ Hl`kf# dXik\j (( [\ \e\if [\c )'((# cXj (,_*0% M@JKFJ1 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 Zfdgc\kX p i\’e\ cfj [\d}j i\hl`j`kfj [\ C\p% <e Zfej\Zl\eZ`X Z�iiXj\ kiXjcX[f Zfe cX d`jdX X cfj [\dXe[X[fj j\Œfi\j Afj\ Cl`j EXim}\q 8c[Xq p <[\c`eX D\[`Xm`ccX GX`ccXZ_f ’e`Zfj efdYi\j p Xg\cc`$ [fj hl\ ZfefZ\ gfi \c k„id`ef [\ hl`eZ\ [ˆXj YXaf \c Xg\iZ`Y`d`\ekf \e i\Y\c[ˆX%$ @ejZiˆYXj\ cX [\dXe[X \e \c I\^`jkif [\ cX Gifg`\[X[ [\ \jk\ ZXek�e% :l„ek\j\ \e cX gi\j\ek\ ZXljX Zfe \c @cljki\ Dle`Z`g`f [\ Hl`kf%$ :ˆk\j\ X cX j\ŒfiX <[\c`eX D\[`Xm`ccX GX`ccXZ_f# \e \c cl^Xi hl\ j\ `e[`ZX# d\[`Xek\ Zfd`j`�e [`i`^`$ [X Xc j\Œfi K\e`\ek\ Gfcˆk`Zf [\ cX gXiifhl`X [\c Hl`eZ_\% <e d„i`kf Xc aliXd\ekf i\e[`[f gfi \c XZkfi p [\ Zfe]fid`[X[ Zfe cf [`jgl\jkf \e \c 8ik% /) [\c :�[`^f [\ GifZ\[`d`\ekf :`m`c# Zˆk\j\ Xc [\dXe[X[f Afj\ Cl`j EXim}\q 8c[Xq# gfi cX gi\ejX \e le g\i`�[`Zf [\ dXpfi Z`iZlcXZ`�e [\ \jkX Z`l[X[ [\ Hl`kf% K„e^Xj\ \e Zl\ekX cX ZXj`ccX al[`Z`Xc j\ŒX$ cX[X gfi cfj XZkfi\j% 8^i„^l\j\ cX [fZld\ekXZ`�e XZfdgXŒX[X%$ Efk`]ˆhl\j\% ] ;iX% D�e`ZX =cfi GXqd`Œf# AL<Q8 GXik`ZlcXi hl\ cc\mf X jl ZfefZ`d`\e$ kf gXiX cfj ]`e\j c\^Xc\j g\ik`e\ek\j X[m`ik`„e[fc\ [\ cX fYc`^XZ`�e hl\
H[Ykhh_cei W bW j[b[l_i_ÂŒd fWhW WfW]Wh [b Y[h[Xhe" o W bW YecfkjW# ZehW fWhW [dY[dZ[hbe$ IJ;L; @E8I
k`\e\ [\ j\ÂŒXcXi ZXj`cc\if al[`Z`Xc \e \jkX Z`l[X[ [\ Hl`kf gXiX jlj gfjk\i`fi\j efk`]`ZXZ`fe\j% 8Y% DXi`f CXjjf J<:I<K8I@F ;<C ALQ>8;F M@><J@DF :L8IKF ;< CF :@M@C ;< G@:?@E:?8 8:&./'-)&D>
I% ;<C <%
EFK@=@:8:@FE AL;@:@8C1 8 cfj _\i\[\ifj gi\jlekfj p [\jZfefZ`[fj [\c ;i% Afj\ DXi`X >fi[`ccf JXcXqXi# gi\m`e`„e[fc\j [\ cX fYc`^XZ`�e [\ ZfdgXi\Z\i p j\ŒXcXi ZXj`cc\if al[`Z`Xc \e \jk\ gifZ\jf gXiX cfj ]`e\j [\ c\p% <OKI8:KF1 AL@:@F1 fi[`eXi`f Ef ())*$'+$ag 8:KFI1 ;i% E\cjfe Hl`ifcX# dXe[X$ kXi`f [\ J\^le[f EXim}\q p fkifj ;<D8E;8;F1 ?\i\[\ifj gi\jlekfj p [\jZfefZ`[fj [\c ;i% Afj\ DXi`X >fi[`ccf JXcXqXi 8JLEKF1 Al`Z`f Fi[`eXi`f# Gi\jZi`gZ`�e \okiXfi[`eXi`X X[hl`$ j`k`mX [\ [fd`e`f KI8D@K<1 Fi[`eXi`f ;FD@:@C@F AL;@:@8C ;< C8 8:KFI81 ZXj`cc\if al[`Z`Xc (() [\c ;i% E\cjfe Hl`ifcX GIFM@;<E:@81 :FIK< GIFM@E:@8C ;< G@:?@E:?8# J<>LE;8 J8C8 ;< CF :@M@C# D<I:8EK@C# @EHL@C@E8KF P D8K<I@8J I<J@;L8C<J% Hl`kf# dXik\j )( [\ [`Z`\dYi\ [\c )'('# cXj (,_'*# efk`]`hl\e d\[`Xek\ leX jfcX glYc`ZXZ`�e gfi cX gi\ejX X cfj gi\jlekfj _\i\[\ifj ZfefZ`[fj p [\jZfefZ`[fj [\c ZXljXek\ [fZkfi Afj\ DXi`X >fi[`ccf \e cX ]fidX p Zfe cfj \]\Zkfj j\ŒXcX[fj \e \c 8ik% /) [\c :�[`^f [\ GifZ\[`d`\ekf :`m`c% Efk`]ˆhl\j\% =[f% ;i% Afi^\ DXq�e AXiXd`ccf# Al\q [\ Jljk\ekXZ`�e% Cf hl\ Zfdle`Zf X L[% GXiX cfj ]`e\j [\ c\p# gi\m`e`„e[fc\j [\ cX fYc`^X$ Z`�e hl\ k`\e\e [\ j\ŒXcXi [fd`Z`c`f al[`Z`Xc gXiX jlj efk`]`ZXZ`fe\j [\e$ kif [\ \jk\ gifZ\jf% ;iX% I`kX Fi[fŒ\q G`qXiif J<:I<K8I@8 I<C8KFI8 ;< C8 J<>LE;8 J8C8 :@M@C# D<I:8EK@C :FIK< GIFM@E:@8C ;< G@:?@E:?8
8:&./',)&D> ALQ>8;F K<I:<IF ;< CF :@M@C ;< G@:?@E:?8 :@K8:@äE AL;@:@8C 81 AL8E AFJ<# D8I@8E8# 8E8 D8I@8# 8C=FEJF# I<@E8C;F P I8=8<C8 :?LC:8 :FII<8 <OKI8:KF AL@:@F1 FI;@E8I@F GI<J:I@G:@FE 8;HL@J@K@M8 <OKI8FI;@E8I@8 ;< ;FD@E@F :8LJ82 Ef% (+(0$)'(' 8:KFI1 :<C@E;8 DLzFQ >L8C8 ;<D8E;8;F1 AL8E AFJ<# D8I@8E8# 8E8 D8I@8# 8C=FEJF# I<@E8C;F P I8=8<C8 :?LC:8 :FII<8 :L8EK@81 @E;<K<ID@E8;8 ALQ>8;F K<I:<IF ;< CF :@M@C ;< G@:?@E:?8%$ Hl`kf# al\m\j )* [\ [`Z`\dYi\ [\c )'('# cXj (+_),%$ M@JKFJ1 8mfZf ZfefZ`d`\ekf [\ cX gi\j\ek\ ZXljX \e d` ZXc`[X[ [\ Al\q k`klcXi [\ \jkX Al[`ZXkliX2 p# \e m`ikl[ [\c jfik\f i\jg\Zk`mf%$ <e cf gi`eZ`gXc# cX [\dXe[X \j ZcXiX p i\Â’e\ cfj [\d}j i\hl`j`kfj [\ C\p2 \e Zfej\Zl\eZ`X# j\ cX X[d`k\ Xc ki}d`k\ Fi[`eXi`f \jkXYc\Z`[f \e \c 8ik% *0, p j`^l`\ek\j [\c :Â?[`^f [\ GifZ\[`d`\ekf :`m`c%$ :Â?iiXj\ kiXj$ cX[f Zfe \c Zfek\e`[f [\ cX [\dXe$ [X X AL8E AFJy# D8I@8E8# 8E8 D8IĂ 8# 8C=FEJF# I<@E8C;F P I8=8<C8 :?LC:8 :FII<8# X ]`e [\ hl\# \e \c k„id`ef [\ hl`eZ\ [ˆXj gifgfe^X cXj \oZ\gZ`fe\j X cXj hl\ j\ Zi\X Xj`jk`[f%$ 8k\ekf Xc aliXd\e$ kf i\e[`[f gfi \c XZkfi p [\ Zfe]fi$ d`[X[ Zfe cf [`jgl\jkf \e \c 8ik% /) [\c :Â?[`^f [\ GifZ\[`d`\ekf :`m`c# Zˆk\j\ Xc [\dXe[X[f# gfi d\[`f [\ cX gi\ejX \e lef [\ cfj [`Xi`fj [\ dXpfi Z`iZlcXZ`Â?e hl\ j\ \[`k\e \e cX Z`l[X[ [\ Hl`kf%$ :l„ek\j\ \e cX gi\j\ek\ ZXljX Zfe cfj j\ÂŒfi\j 8cZXc[\ p GifZliX[fi [\c ;`jki`kf D\kifgfc`kXef [\ Hl`kf# X hl`\e\j j\ cfj Z`kXi} c\^Xcd\ek\%$ ;\ Zfe]fid`$ [X[ Zfe cf [`jgl\jkf \e \c 8ik% (''' [\c :Â?[`^f [\ GifZ\[`d`\ekf :`m`c# `ejZiˆYXj\ cX [\dXe[X \e \c I\^`jkif [\ cX Gifg`\[X[ [\c :XekÂ?e Hl`kf# gXiX Zlpf \]\Zkf# efk`]ˆhl\j\ Xc
REPUBLICA DEL ECUADOR SUPERINTENDENCIA DE COMPAÑIAS
EXTRACTO DE LA ESCRITURA PĂšBLICA DE AUMENTO DE CAPITAL Y REFORMA DE ESTATUTOS DE CRIERA ECUADOR S.A.
j\Œfi I\^`jkiX[fi [\ cX Gifg`\[X[%$ 8^i„^l\j\ Xc gifZ\jf cX [fZld\ekX$ Z`�e gi\j\ekX[X%$ K„e^Xj\ \e Zl\e$ kX \c ZXj`cc\if al[`Z`Xc j\ŒXcX[f gfi cX XZkfiX p cX Xlkfi`qXZ`�e ZfeZ\[`[X X jl 8Yf^X[f ;\]\ejfi%$ Efk`]ˆhl\j\% ;i% Alc`f :\jXi 8dfi\j IfYXc`ef% AL<Q% Cf hl\ Zfdle`Zf 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% 8k\ekXd\ek\# ;i% Afi^\ GXcXZ`fj ?% J<:I<K8I@F ;<C ALQ>8;F K<I:<IF ;< CF :@M@C ;< G@:?@E:?8 ?Xp ]`idX p j\ccf 8:&..,.+&k]
I% ;<C% <% <OKI8:KF AL;@:@8C ALQ>8;F M@>yJ@DF ;< CF :@M@C ;< G@:?@E:?8 :@K8:@äE AL;@:@8C$ 8 cfj [\dXe$ [X[fj p _\i\[\ifj gi\jlekfj p [\j$ ZfefZ`[fj [\c j\ÂŒfi @J@;IF M8C<E:@8 E@<KF# p X[\dXj cfj j\ÂŒfi\j G<;IF :<M8CCFJ >L8P8J8D@E X kiXm„j [\ jlj _\i\[\ifj j\ÂŒfi\j G<;IF AFJ<# =89@8E <;L8I;F# G<;IF A8M@<I P M<IFE@:8 ;<C :8ID<E :<M8CCFJ C8I:F P ;I% K<CDF :<M8CCFJ >L8P8J8D@E# G@<;8; J@CM8 ;< :<M8CCFJ P ;i% FJN8C;F A8I8D@CCF C8II<8 p AFJ<=@E8 8I>L<CCF ;< A8I8D@CCF% 8:KFI<J%$ Ă?E><C D8I@8 C8@:8 J@D98# GifZliX[fi :fdÂ’e [\1 <ED8 8D8;8 M8:8 8C98II8:Ă E# @>E8:@F I8èC :89I<I8 :8CC< P :8ICFJ O8M@<I =<IE8E;<Q 98C8I<QF :L8EK@8% @E;<K<ID@E8;8
AL@:@F Ef% (.(0$)'('$C8# ;< GI<J:I@G:@äE <OKI8FI;@E8I@8 8;HL@J@K@M8 ;< ;FD@E@F% KI8D@K<% FI;@E8I@F :8J@CC<IF Ef% *((+ ;I% =<IE8E;F GL<;D8> GIFM@;<E:@8 GIFM@;<E:@8 ALQ>8;F M@>yJ@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\j$ gfe[`\ek\# XmfZf ZfefZ`d`\ekf [\ \jkX ZXljX \e d` ZXc`[X[ [\ Al\q K`klcXi [\ \jkX Al[`ZXkliX%$ <e cf gi`eZ`gXc# cX [\dXe[X hl\ Xek\Z\[\ \j ZcXiX p 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 Al`Z`f FI;@E8I@F%$ <e Zfej\Zl\eZ`X# ZÂ?iiXj\ kiXjcX[f gfi \c k„id`ef c\^Xc [\ hl`eZ\ [‰Xj# hl\ Zfd\eqXi} X [\Zlii`i X gXik`i [\ cX ]\Z_X [\ Z`kXZ`Â?e# Zfe \c \jZi`kf [\ [\dXe[X p \jkX gifm`[\eZ`X%$ :`k\j\ X cfj [\dXe[X[fj p _\i\[\$ ifj gi\jlekfj p [\jZfefZ`[fj [\c j\ÂŒfi @J@;IF M8C<E:@8 E@<KF# p X[\dXj cfj j\ÂŒfi\j G<;IF :<M8CCFJ >L8P8J8D@E X kiXm\q [\ jlj _\i\[\ifj j\ÂŒfi\j G<;IF AFJ<# =89@8E <;L8I;F# G<;IF A8M@<I P M<IFE@:8 ;<C :8ID<E :<M8CCFJ C8I:F P ;I% K<CDF :<M8CCFJ >L8P8J8D@E# G@<;8; J@CM8 ;< :<M8CCFJ P ;i% FJN8C;F A8I8D@CCF C8II<8 p AFJ<=@E8 8I>L<CCF ;< A8I8D@CCF# \e lef [\ cfj [`Xi`fj [\ dXpfi Z`iZlcXZ`Â?e [\ \jkX :`l[X[ [\ Hl`kf# Gifm`eZ`X [\ G`Z_`eZ_X# [\ Zfe]fid`[X[ Zfe cf [`jgl\jkf \e \c 8ik% /) [\c :Â?[`^f [\ GifZ\[`d`\ekf :`m`c# X ]`e [\ hl\ gif$ gfe^Xe cXj \oZ\gZ`fe\j [\ cXj hl\ j\ Zi\Xe Xj`jk`[fj# [\ Zfe]fid`[X[ Zfe cf [`jgl\jkf \e \c 8ik% *0. [\c d`jdf Zl\igf [\ c\p YXaf Xg\iZ`Y`$ d`\ekf \e i\Y\c[ˆX%$:l\ek\j\ Zfe
\c ;`jki`kf D\kifgfc`kXef [\ Hl`kf%$ @ejZi`YXj\ cX gi\j\ek\ [\dXe[X \e \c I\^`jkif [\ cX Gifg`\[X[# gXiX Zlpf \]\Zkf j\ efk`]`ZXi} %$ 8^i„^l\j\ Xc gifZ\jf cX [fZld\ekX$ Z`�e hl\ j\ XZfdgXŒX%$K„e^Xj\ \e Zl\ekX \c [fd`Z`c`f p ZXj`ccX al[`Z`Xc j\ŒXcX[f gfi cfj ZfdgXi\Z`\ek\j# Xjˆ Zfdf kXdY`\e cX Xlkfi`qXZ`�e X jl 8Yf^X[f ;\]\ejfi# p cX ZXc`[X[ Zfdf ZfdgXi\Z\ \c j\Œfi 8E><C D8I@8 C8@:8 J@D98%$Efk`]ˆhl\j\%$ = ;I% ><ID8E >FEQ8C<Q ;<C GFQF# AL<Q% Cf hl\ Zfdle`Zf X Ljk\[ p c\ :@KF# gi\m`e`„e[fc\ [\ cX fYc`^XZ`�e [\ j\ŒXcXi ZXj`cc\if al[`Z`Xc gXiX ]lkl$ iXj efk`]`ZXZ`fe\j% ;I% >8CF 98<Q A% J<:I<K8I@F ALQ>8;F M@>yJ@DF ;< CF :@M@C ;< G@:?@E:?8 ?Xp ]`idX p j\ccf 8:&./''/&XX
I<D8K<J I% ;<C <% ALQ>8;F M@><J@DF K<I:<IF ;< CF :@M@C ;< G@:?@E:?8 8M@JF ;< I<D8K< J\ gfe\ \e ZfefZ`d`\ekf [\c GÂ’Yc`Zf \e ^\e\iXc hl\ \c [ˆX J`\k\ [\ 8Yi`c [\c )'((# [\j[\ cXj ZXkfiZ\ _fiXj _XjkX cXj [`\Z`fZ_f _fiXj# \e cX J\Zi\kXi`X [\ \jkX Al[`ZXkliX j\ cc\mXiX X \]\Zkf \c i\dXk\ [\c j`^l`\ek\ Y`\e `edl\Yc\1 AL@:@F <A<:LK@MF Ef% ',-($)''0% I%F% j\^l`[f gfi \c ;i% >fd\i :Xc`okf I\^XcX[f CÂ?g\q# GifZliX[fi Al[`Z`Xc [\c 9XeZf G`Z_`eZ_X :%8% ;<GFJ@K8I@F AL;@:@8C1 ;I% =I<;;P :<;<zF :8I8:K<I@JK@:8J ;<C 9@<E @EDL<9C<1 L9@:8:@äE1
REPUBLICA DEL ECUADOR SUPERINTENDENCIA DE COMPAÑIAS
EXTRACTO DE LA ESCRITURA PUBLICA DE CAMBIO DE DOMICILIO DE ESPAGROTEC ESPECIALIDADES AGRICOLAS CIA. LTDA DE LA CIUDAD DE QUITO A LA PARROQUIA DE SANGOLQUI, CANTON RUMIĂ‘AHUI; AUMENTO DE CAPITAL Y REFORMA DE SUS ESTATUTOS. 1. ANTECEDENTES.- ESPAGROTEC ESPECIALIDADES AGRICOLAS CIA. LTDA., se constituyĂł mediante escritura pĂşblica otorgada ante el Notario TrigĂŠsimo Noveno del cantĂłn Quito, el 2 de marzo del 2000, inscrita en el Registro Mercantil del CantĂłn Quito el 14 de abril del 2000. 2. CELEBRACION Y APROBACION.- La escritura pĂşblica de cambio de domicilio de ESPAGROTEC ESPECIALIDADES AGRICOLAS CIA. LTDA, de la ciudad de Quito a la parroquia de SangolquĂ, cantĂłn RumiĂąahui, aumento de capital suscrito en USD $28.000,00, y la reforma de sus estatutos otorgada ante el Notario TrigĂŠsimo Octavo del Distrito Metropolitano de Quito el 30 de noviembre de 2010, fue aprobada por la Superintendencia de CompaĂąĂas, mediante ResoluciĂłn No. SC.IJ.DJCPTE.Q.11.000761 de 18 de febrero de 2011. 3. OTORGANTE.- Comparece al otorgamiento de la escritura pĂşblica antes mencionada, VICTOR GABRIEL BARBA SANTACRUZ en su calidad de GERENTE GENERAL de la compaĂąĂa.
Se comunica al pĂşblico que CRIERA ECUADOR S.A. aumentĂł su capital suscrito en USD$99.200,00 y reformĂł sus estatutos, por escritura pĂşblica otorgada ante el Notario VigĂŠsimo Cuarto del Distrito Metropolitano de Quito el 13 de Enero de 2011. Actos societarios aprobados por la Superintendencia de CompaĂąĂas, mediante ResoluciĂłn No. SC.IJ.DJC.Q.11.000808 de 22 de febrero de 2011. En virtud de la presente escritura pĂşblica la compaĂąĂa reforma el artĂculo quinto del Estatuto Social, de la siguiente manera: “ARTĂ?CULO QUINTO.- Del capital social y sus acciones.- El capital suscrito y pagado de la compaĂąĂa es de CIEN MIL DĂ“LARES DE LOS ESTADOS UNIDOS DE AMÉRICA (100.00,00) dividido en cien mil (100.000) acciones ordinarias, nominativas e indivisibles de UN DĂ“LAR DE LOS ESTADOS UNIDOS DE AMÉRICA (USD$1,00)............â€? Quito, 22 de febrero de 2011 Dr. Oswaldo Noboa LeĂłn DIRECTOR JURĂ?DICO DE COMPAĂ‘Ă?AS AR/81729/cc
4. CAMBIO DE DOMICILIO, AUMENTO DE CAPITAL, REFORMA DE ESTATUTOS Y PUBLICACION.- La Superintendencia de CompaĂąĂas mediante ResoluciĂłn No. SC.IJ. DJCPTE.Q.11.000761 de 18 de febrero de 2011 aprobĂł el cambio de domicilio de ESPAGROTEC ESPECIALIDADES AGRICOLAS CIA. LTDA, de la ciudad de Quito a la parroquia de SangolquĂ, cantĂłn RumiĂąahui; el aumento de capital y la reforma de sus estatutos. OrdenĂł la publicaciĂłn del extracto de la referida escritura pĂşblica, por tres dĂas consecutivos, para efectos de oposiciĂłn de terceros respecto al cambio de domicilio referido, seĂąalado en el artĂculo 33 de la ley de CompaĂąĂas y en el Reglamento de OposiciĂłn, como acto previo a su inscripciĂłn. 5. AVISO PARA OPOSICION.- Se pone en conocimiento del publico el cambio de domicilio de ESPAGROTEC ESPECIALIDADES AGRICOLAS CIA. LTDA. de la ciudad de Quito a la parroquia de SangolquĂ; 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 compaĂąĂa, dentro de los seis dĂas contados desde la fecha de la ultima publicaciĂłn de este extracto y ademĂĄs, pongan el particular en conocimiento de la Superintendencia de CompaĂąĂas. El Juez que reciba la oposiciĂłn o el accionante, notificarĂĄ o comunicarĂĄ segĂşn el caso, a esta Superintendencia, dentro del tĂŠrmino de dos dĂas siguientes a partir de dicha recepciĂłn, juntamente con el escrito de oposiciĂłn y providencia recaĂda sobre ella. Si no hubiere oposiciĂłn o no fuere notificada esta InstituciĂłn en la forma antes indicada, se procederĂĄ a la inscripciĂłn de la referida escritura pĂşblica de la mencionada compaĂąĂa y al cumplimiento de los demĂĄs requisitos legales. En virtud de la referida escritura pĂşblica, se reforman los artĂculos segundo y quinto del estatuto social, referentes al domicilio y al capital, respectivamente, los mismo que dirĂĄn: “ARTICULO SEGUNDO: El domicilio principal de la CompaĂąĂa es la ciudad de SangolquĂ, en el cantĂłn RumiĂąahui, provincia de Pichincha; y, por resoluciĂłn de la Junta General de Socios, podrĂĄ establecer sucursales...â€? “ARTICULO QUINTO: El capital social de la CompaĂąĂa es de TREINTA MIL DOLARES DE NORTEAMERICA ($30000), dividido en treinta mil participaciones iguales e indivisibles de un dĂłlar cada unaâ€? D.M. Quito, 18 de febrero de 2011 Dr. Marcelo Icaza Ponce INTENDENTE DE COMPAĂ‘IAS DE QUITO A.A./26462
<c Y`\e `edl\Yc\ j\ \eZl\ekiX lY`$ ZX[f \e1 :Xcc\1 J&E# :XjX1 G)$+)# :fealekf [\ M`m`\e[X1 GiX[fj [\c :Xc[\i�e ;fj# GXiifhl`X1 :Xc[\i�e# J\Zkfi1 J`\iiX ?\idfjX# :Xek�e% Hl`kf# Gifm`eZ`X1 G`Z_`eZ_X# Gi\[`f1 Ef% -)./*-# :cXm\ :XkXjkiXc1 Ef% (*-(+$(+'$'*# 8cˆZlfkX1 '%'(,-'+,.-''%* # Gifg`\[X[ ?fi`qfekXc1 \c (' [\ Efm`\dYi\ [\ (000% C@E;<IFJ ><E<I8C<J ;<C K<II<EF Efik\1 <e leX cfe^`kl[ [\ j\j\ekX p ki\j d\kifj m\`ek\ Z\ekˆd\kifj# Zfe ZXd`ef g’Yc`Zf% Jli1 <e leX cfe^`kl[ [\ Z`eZl\ekX p j\`j d\kifj fZ_\ekX Z\ekˆd\kifj# Zfe k\ii\efj [\ cX liYXe`qXZ`�e JXe Afj„% <jk\1 <e leX cfe^`kl[ Z`\ekf m\`ek\ p ki\j d\kifj Z`eZl\ekX Z\ekˆd\kifj Zfe gifg`\[X[ [\c `e^\e`\if :Xicfj J`dYXŒX Ifd\if F\jk\1 <e leX cfe^`kl[ [\ Z`\ekf m\`ek\ p ki\j
d\kifj# Zfe gi\[`f [\ mXi`fj gif$ g`\kXi`fj% Jlg\i]`Z`\1 CX jlg\i]`Z`\ kfkXc [\c k\ii\ef \j [\ Z`eZf d`c ZlXi\ekX p [fj d\kifj ZlX[iX[fj ,%'+)#'' d) C@E;<IFJ P ;@D<E:@FE<J ;< C8 :8J8 G$;FJ +) GcXekX 9XaX1 E`m\c1 d}j ki\j glekfj ki\`ekX p j\`j 8i\X M\e[`Yc\1 Ki\`ekX p j\`j d\kifj ZlX[iX[fj Efik\1 <e fZ_f d\kifj Zfe gcXe$ kX YXaX# ZXjX G;FJ$:L8I<EK8 P KI<J# Jli1 <e fZ_f d\kifj Zfe gcXekX YXaX ZXjX G;FJ$:L8I<EK8 P KI<J# <jk\1 <e ZlXkif d\kifj Z`eZl\ekX Z\ekˆd\kifj Zfe gXk`f gfjk\i`fi ZXjX G;FJ$:L8I<EK8 P ;FJ% F\jk\1 <e ZlXkif d\kifj Z`eZl\ekX Z\ekˆd\kifj Zfe Z`iZlcXZ`�e g\X$ kfeXc% Jlg\i`fi1 Ki\`ekX p j\`j d\kifj ZlX[iX[fj Zfe cX gcXekX XckX ZXjX
G;FJ$:L8I<EK8 P ;FJ% @e]\i`fi1 Ki\`ekX p j\`j d\kifj ZlX$ [iX[fj# jl\cf% 8cˆZlfkX1 :\if glekf Z\if Z\if j\`j ZlXkif el\m\ Z\if j\`j ki\j fZ_f gfi Z`\ekf% G8K@F GFJK<I@FI1 E`m\c1 d}j ki\j glekf [`\Z`fZ_f% 8I<8 M<I;<1 Ki\j d\kifj ZlX$ [iX[fj Zfe Z`eZl\ekX [\Zˆd\kifj ZlX[iX[fj% Efik\1 <e ki\j d\kifj Zfe gXk`f gfjk\i`fi ZXjX G;FJ$:L8I<EK8 P LEF% Jli1 <e ki\j d\kifj Zfe gXk`f gfj$ k\i`fi ZXjX G;FJ$:L8I<EK8 P KI<J% <jk\1 <e ZlXkif d\kifj Z`eZl\ekX Z\ekˆd\kifj Zfe }i\X m\i[\% F\jk\1 <e ZlXkif d\kifj Z`eZl\ekX Z\ekˆd\kifj Zfe gcXekX YXaX Zfe ZXjX G;FJ$:L8I<EK8 P ;FJ% 8ii`YX1 Ki\Z\ d\kifj ZlX[iX[fj Zfe Z`eZl\ekX [\Zˆd\kifj ZlX[iX[fj
SURPERINTENDENCIA DE COMPAĂ‘Ă?AS RESOLUCIĂ“N No. Q.IMV.2011. 0027 FRANCISCO VIZCAINO ZURITA INTENDENTE DE MERCADO DE VALORES-QUITO CONSIDERANDO: QUE, la seĂąora Denisse Nankervis Mateus en calidad de Gerente General de la compaĂąĂa INMOVALOR CASA DE VALORES S.A., solicita la cancelaciĂłn de la inscripciĂłn en el Registro del Mercado de Valores del Operador de Valores seĂąor Ă lvaro Xavier LandĂĄzuri Aguirre, portador de la cĂŠdula de ciudadanĂa 170977062-0, en razĂłn de que ha dejado de prestar sus servicios para dicha Casa de Valores; QUE, mediante ResoluciĂłn No. Q.IMV.06.1318 de 17 de abril de 2006, se dispuso la inscripciĂłn en el Registro del Mercado de Valores del seĂąor Ă lvaro Xavier LandĂĄzuri Aguirre como Operador de Valores, para actuar en la CorporaciĂłn Civil Bolsa de Valores de Quito a nombre de la compaĂąĂa INMOVALOR CASA DE VALORES S.A., la misma que se efectĂşo bajo el nĂşmero 2006.1.08.00474 de 25 de abril de 2006; QUE, el artĂculo 23, numeral 1 de la Ley de Mercado de Valores, dispone que la cancelaciĂłn de la inscripciĂłn de un participante o valor en el Registro del Mercado de Valores podrĂĄ ser voluntaria; QUE, el numeral 1, del Art. 5, SecciĂłn II CapĂtulo II, SubtĂtulo II, TĂtulo II, de la CodificaciĂłn de las Resoluciones Expedidas por el Consejo Nacional de Valores, dispone que procede la cancelaciĂłn de la inscripciĂłn en el Registro del Mercado de Valores cuando un operador de valores deje de prestar sus servicios en la Casa de Valores que solicitĂł su inscripciĂłn; QUE, las Direcciones de AutorizaciĂłn y Registro y JurĂdica de la Intendencia de Mercado de Valores, mediante Informe No. SC.IMV. AR.DJMV.2011.04.04 de 04 de enero de 2011, emiten pronunciamiento favorable para la continuaciĂłn del presente trĂĄmite; EN ejercicio de las atribuciones conferidas mediante Resoluciones Nos. ADM-2009.003 de 1 de abril de 2009; y, SC-IAF-SAFDRH-G-2010-0365 de 25 de agosto de 2010; RESUELVE: ARTĂ?CULO PRIMERO.- CANCELAR en el Registro del Mercado de Valores la inscripciĂłn del seĂąor Ă lvaro Xavier LandĂĄzuri Aguirre, portador de la cĂŠdula de ciudadanĂa 170977062-0, como Operador de Valores de la compaĂąĂa INMOVALOR CASA DE VALORES S.A. ARTĂ?CULO SEGUNDO.- DISPONER que se notifique al Representante Legal de la compaĂąĂa INMOVALOR CASA DE VALORES S.A., en la forma prevista en la Ley. ARTĂ?CULO TERCERO.- DISPONER que esta ResoluciĂłn se publique por una sola vez en uno de los diarios de amplia circulaciĂłn del domicilio principal del peticionario. Un ejemplar de dicha publicaciĂłn deberĂĄ remitirse a la DirecciĂłn de AutorizaciĂłn y Registro del Mercado de Valores. ARTĂ?CULO CUARTO.- DISPONER que se remita copia de la presente ResoluciĂłn a la CorporaciĂłn Civil Bolsa de Valores de Quito, para los fines consiguientes. ARTĂ?CULO QUINTO.- Una vez que se reciba la correspondiente publicaciĂłn se darĂĄ cumplimiento a lo dispuesto en el ArtĂculo Primero de esta ResoluciĂłn. COMUNIQUESE Y PUBLIQUESE.- Dada y firmada en la Superintendencia de CompaĂąĂas, en el Distrito Metropolitano de Quito, a 06 ENE 2011 FRANCISCO VIZCAINO ZURITA. A.P./48153/k.m.
LWb[ cWi iWX[h Wb]kdW YeiW Z[ jeZe" gk[ iWX[hbe jeZe Z[ kdW iebW YeiW$ 8B7?I; F7I97B
Zfe \c Z`\cf% 8YXaf1 Ki\Z\ d\kifj ZlX[iX[fj Zfe Z`eZl\ekX [\Zˆd\kifj ZlX[iX[fj Zfe jl\cf% 8cˆZlfkX1 :\if glekf Z\if Z\if [fj ZlXkif ki\j ki\j el\m\ fZ_f el\m\ gfi Z`\ekf% GC8EK8 8CK81 E@M<C1 D}j Z`eZf glekf fZ_\ekX p j\`j 8I<8 M<E;@9C<1 Ki\`ekX p j`\k\ d\kifj ZlX[iX[fj Zfe Z`eZl\ekX [\Zˆd\kifj ZlX[iX[fj% Efik\1 <e fZ_f d\kifj Zfe gcXekX XckX G;FJ$:L8I<EK8 P LEF# ki\`e$ kX Z\ekˆd\kifj Zfe ]XZ_X[X efik\% Jli1 <e el\m\ d\kifj ki\`ekX Z\ekˆ$ d\kifj Zfe gcXekX XckX ZXjX G;FJ$ :L8I<EK8 P KI<J% <jk\1 <e ZlXkif d\kifj Z`eZl\ekX Z\ekˆd\kifj Zfe ]XZ_X[X \jk\% F\jk\1 <e ZlXkif d\kifj Z`eZl\ekX Z\ekˆd\kifj Zfe ]XZ_X[X f\jk\% Jlg\i`fi1 Ki\`ekX p j`\k\ d\kifj ZlX$ [iX[fj Z`eZf [\Zˆd\kifj ZlX[iX[fj Zfe k\iiXqX% @e]\i`fi1 Ki\`ekX p j\`j d\kifj ZlX$ [iX[fj Zfe gcXekX YXaX ZXjX G;FJ$ :L8I<EK8 P ;FJ# le d\kif ZlX$ [iX[f Z`eZf [\Zˆd\kifj ZlX[iX[fj Zfe Z`iZlcXZ`Â?e g\XkfeXc% 8cˆZlfkX1 :\if glekf Z\if Z\if j\`j j\`j j`\k\ el\m\ el\m\ ZlXkif fZ_f gfi Z`\ekf% 8cˆZlfkX kfkXc1 :\if glekf Z\if lef Z`eZf j\`j Z\if ZlXkif Z`eZf j`\k\ j\`j gfi Z`\ekf '%'(,-'+,.- % <JK8:@FE8D@<EKF :@E:L<EK8 P ;FJ1 E`m\c1 D}j [fj glekf fZ_\ekX p Z`eZf% Ă?I<8 M<E;@9C<1 FeZ\ d\kifj ZlX$ [iX[fj Z`eZl\ekX [\Zˆd\kifj ZlX$ [iX[fj% 8cˆZlfkX1 :\if glekf Z\if Z\if [fj Z\if j`\k\ ki\j ki\j el\m\ fZ_f gfi Z`\ekf Efik\1 <e Z`eZf d\kifj Zfe \jkXZ`f$ eXd`\ekf <$Z`eZl\ekX p lef% Jli1 <e Z`eZf d\kifj Zfe \jkXZ`feX$ d`\ekf <$Z`eZl\ekX ki\j% <jk\1 <e [fj d\kifj ki\`ekX Z\ekˆd\$ kifj Zfe Z`iZlcXZ`Â?e g\XkfeXc% F\jk\1 <e [fj d\kifj ki\`ekX Z\ekˆ$ d\kifj Zfe Z`iZlcXZ`Â?e m\_`ZlcXi% 8ii`YX1 FeZ\ d\kifj ZlX[iX[fj Z`eZl\ekX [\Zˆd\kifj ZlX[iX[fj Zfe Z`\cf% 8YXaf1 FeZ\ d\kifj ZlX[iX[fj
Z`eZl\ekX [\Zˆd\kifj ZlX[iX[fj Zfe jl\cf% @E=I8<JKIL:KLI8 GL9C@:81 :l\ekX Zfe cfj j\im`Z`fj Y}j`Zfj [\1 8^lX gfkXYc\% 8cZXekXi`ccX[f jXe`$ kXi`f% <e\i^ˆX <c„Zki`ZX% K\c„]fef% :Xcc\j cXjkiX[Xj p Xj]XckX[Xj% 8Z\iXj [\ Z\d\ekf% 9fi[`ccfj [\ Z\d\ekf% KiXejgfik\ gÂ’Yc`Zf% <;@=@:8:@FE1 CX ZfejkilZZ`Â?e j\ lY`ZX [\ekif [\c :fealekf _XY`kX$ Z`feXc ĂˆGI8;FJ ;< :8C;<IFE )É :fej`jk\ \e m`m`\e[Xj [\ [fj gcXekXj X[fjX[Xj# [\ZcXiX[f YXaf \c i„^`d\e [\ Gifg`\[X[ ?fi`qfekXc# \e \c hl\ j\ lY`ZX cX ZXjX G)$+)# Zfdgl\jkX [\ cfj j`^l`\ek\j XdY`\ek\j1 GC8EK8 98A81 jXcX# Zfd\[fi# ZfZ`$ eX# YXÂŒf jfZ`Xc# gXk`f gfjk\i`fi% GC8EK8 8CK81 Ki\j [fid`kfi`fj# YXÂŒf Zfdgc\kf% : 8 I 8 : K < I @ J K @ : 8 J :FEJKIL:K@M8J1 Ă?i\X1 /-%,,d)% :`d`\ekfj1 ?fid`^Â?e j`Zcfg\f% <jkilZkliX1 JfgfikXek\ [\ _fid`^Â?e XidX[f# gc`ekfj le`[fj X ZX[\eXj [\ Z`d\ekXZ`Â?e# ZfcldeXj# m`^Xj% Cfj\kX1 ?fid`^Â?e jfYi\ m`^Xj [\ dX[\iX% KldYX[f1 :_Xdg\X[f% GXi\[\j1 9cfhl\ \eclZ`[Xj p g`e$ kX[fj% G`jfj1 :\i}d`ZX \e jXcX# Zfd\[fi# ZfZ`eX p YXÂŒfj# Xc]fdYiX \e [fi$ d`kfi`fj% Gl\ikXj1 gi`eZ`gXc [\ XZZ\jf X cX ZXjX [\ dX[\iX Zfe gl\ikX [\ gifk\ZZ`Â?e [\ _`\iif# `ek\i`fi\j [\ dX[\iX gXe\cX[X Zfe jlj i\jg\Z$ k`mfj Z\iifafj% M\ekXeXj1 8cld`e`f p m`[i`f ZcXif% >iX[X1 ;\ _fid`^Â?e XidX[f i\Zl$ Y`\ikX [\ Xc]fdYiX% 8ZZ\jfi`fj1 Dl\Yc\j YXafj \e ZfZ`$ eX# d\jÂ?e p cXmXgcXkfj# Zcfj\kj \e [fid`kfi`fj% @ejkXcXZ`fe\j jXe`kXi`fj1 @ef[fifj p cXmXdXefj k`gf eXZ`feXc\j% @ejkXcXZ`fe\j \ c „ Z k i ` Z X j 1 <dgfkiX[Xj% DXek\e`d`\ekf1 9l\ef% :C8J@=@:8:@FE ;<C J<:KFI1 QFE81 Efik\ <EKFIEF1 LY`ZX[f Xc efik\ [\ Hl`kf# \e cX GXiifhl`X [\ :Xc[\iÂ?e#
REPUBLICA DEL ECUADOR SUPERINTENDENCIA DE COMPAÑIAS
EXTRACTO CONSTITUCIĂ“N DE LA COMPAĂ‘Ă?A STRATEGIES & SOLUTIONS ASESORES CIA. LTDA. La compaĂąĂa STRATEGIES & SOLUTIONS ASESORES CIA. LTDA. se constituyĂł por escritura pĂşblica otorgada ante el Notario CuadragĂŠsimo del Distrito Metropolitano de Quito, el 16 de Diciembre de 2010, fue aprobada por la Superintendencia de CompaĂąĂas, mediante ResoluciĂłn SC.IJ.DJC.Q.11.000764 de 18 de Febrero de 2011. 1.- DOMICILIO: Distrito Metropolitano de Quito, provincia de Pichincha. 2.- CAPITAL: Suscrito US$ 10.000,00 NĂşmero de Participaciones 10.000 Valor US$ 1,00 3.- OBJETO: El objeto de la compaĂąĂa es: UNO. LA COMPAĂ‘Ă?A PODRĂ DEDICARSE A PROVEER SERVICIOS DE ASESORĂ?A DE NEGOCIOS EN LAS Ă REAS DE COSTOS Y PRODUCCIĂ“N FINANCIERA, CONTABLE, MERCADEO, RECURSOS HUMANOS Y DE ADMINISTRACIĂ“N; Quito, 18 de Febrero de 2011. Dr. Oswaldo Noboa LeĂłn DIRECTOR JURĂ?DICO DE COMPAĂ‘Ă?AS AR/81738/cc
Zl\ekX Zfe j\im`Z`fj YXeZXi`fj# \[lZXZ`�e# jXcl[# d\iZX[fj# Z\e$ kifj Zfd\iZ`Xc\j# }i\Xj i\Zi\Xk`mXj# kiXejgfik\ g’Yc`Zf K@GF ;< C8 QFE81 <e gifZ\jf [\ Zfejfc`[XZ`�e% I<; M@8C1 K\e\dfj mˆXj [\ cX kiXdX liYXeX% M8CFI8:@FE ;< C8 GIFG@<;8;% ;<J:I@G:@FE 8I<8 d)% GI<:@F GFI d) GI<:@F KFK8C LJ;% K\ii\ef 0)%.) +'%'' *%.'/#/' ;\gXi kXd\ekf Ef% 8$)') /-%,, )/'%'' )+%)*+#'' GXihl\X[\if ((%,' / '%'' 0)'%'' KFK8C1 )/%/-)#/' JFE1 M<@EK< P F:?F D@C F:?F:@<EKFJ J<J<EK8 P ;FJ :FE /'&('' ;< ;FC8I<J ;< CFJ <JK8;FJ LE@;FJ ;< 8D<I@:8% ALQ>8;F M@><J@DF K<I:<IF ;< CF :@M@C ;< G@:?@E:?8%$ Hl`kf# dXik\j / [\ ]\Yi\if [\c )'((# cXj (+_()% 8^i„^l\j\ Xc gifZ\jf cfj \jZi`kfj gi\j\ekX[fj p Zfd`j`�e [\ml\ckX gfi \c j\Œfi K\e`\ek\ Gfcˆk`Zf [\ cX GXiifhl`X [\ :Xc[\i�e%$ <e cf gi`eZ`gXc p Xk\e[`\e[f \c g\k`$ kfi`f [\ cX gXik\ XZkfiX p Zfe]fid\ cf [\k\id`eX \c 8ik% +.( [\c :�[`^f [\ GifZ\[`d`\ekf :`m`c# j\ŒXcXj\ gXiX \c [ˆX dXik\j (( [\ \e\if [\c )'((# [\j[\ cXj (+_'' X (/_''# X ]`e [\ hl\ k\e^X cl^Xi \e cX J\Zi\kXiˆX [\ \jkX Al[`ZXkliX \c i\dXk\ [\c Y`\e `edl\Yc\ k`gf ZXjX# lY`ZX[X \e cX ZXcc\ J&E# ZXjX G)$+)# :fealekf [\ M`m`\e[X GiX[fj [\ :Xc[\i�e ;fj @@ # j\Zkfi J`\iiX ?\idfjX [\ cX GXiifhl`X [\ :Xc[\i�e# ZXek�e Hl`kf# gifm`eZ`X [\ G`Z_`eZ_X p dXj [\kXcc\j hl\ j\ \eZl\ekiXe [\jZi`kfj \e \c `e]fid\ g\i`Z`Xc%$ CXj gfjkliXj j\ i\Z`Y`i}e \e YXj\ Xc Z`eZl\ekX gfi Z`\ekf [\c XmXc’f giXZk`ZX[f# gfi kiXkXij\ [\c j\^le[f j\ŒXcXd`\ekf# [\gfj`kXe[f \e [`e\if \e \]\Zk`mf f \e Z_\hl\ Z\ik`]`ZX[f X efdYi\ [\ \jkX Al[`ZXkliX%$ :fdleˆhl\j\ Xc g’Yc`Zf gfi d\[`f [\ ki\j glYc`ZX$ Z`fe\j hl\ j\ i\Xc`qXi}e \e le [`X$ i`f [\ dXpfi Z`iZlcXZ`�e [\ cfj hl\ j\ \[`kXe \e \jkX Z`l[X[ [\ Hl`kf% :fc�hl\j\ cfj i\jg\Zk`mfj ZXik\c\j p [\j\ Zldgc`d`\ekf X kf[Xj cXj ]fi$ dXc`[X[\j c\^Xc\j%$ GXiX cX ]`aXZ`�e [\ ZXik\c\j :FD@J@FE<J< Xc j\Œfi K\e`\ek\ Gfcˆk`Zf [\ cX gXiifhl`X [\ :Xc[\i�e# X hl`\e j\ c\ i\d`k`i} [\j$ gXZ_f \e ]fidX%$ Efk`]ˆhl\j\% = ;i% =\c`g\ @e]Xek\ I\p# AL<Q < %$ ALQ>8;F M@><J@DF K<I:<IF ;< CF :@M@C ;< G@:?@E:?8%$ Hl`kf# d`„iZfc\j 0 [\ ]\Yi\if [\c )'((# cXj '0_,*%$ ;\ f]`Z`f i\Zk`]`ZXj\ gXiZ`Xc$ d\ek\ cX gifm`[\eZ`X [\ / [\ ]\Yi\if [\c )'((# cXj (+_()# \e cX gXik\ hl\ j\ŒXcXj\ gXiX \c [ˆX dXik\j (( [\ \e\if [\c )'((# [\j[\ cXj (+_'' X (/_''# X ]`e [\ hl\ k\e^X cl^Xi \e cX J\Zi\kXiˆX [\ \jkX Al[`ZXkliX \c i\dXk\ [\c Y`\e `edl\Yc\ k`gf ZXjX# lY`ZX[X \e cX ZXcc\ J&E# ZXjX G)$+)# :fealekf [\ M`m`\e[X GiX[fj [\ :Xc[\i�e ;fj @@ # j\Zkfi J`\iiX ?\idfjX [\ cX GXiifhl`X [\ :Xc[\i�e# ZXek�e Hl`kf# gifm`eZ`X [\ G`Z_`eZ_X p dXj [\kXcc\j hl\ j\ \eZl\ekiXe [\jZi`kfj \e \c `e]fid\ g\i`Z`Xc# ZlXe[f \e i\Xc`[X[ j\ j\ŒX$ cXj\ gXiX \c [ˆX al\m\j . [\ XYi`c [\c )'((# [\j[\ cXj (+_'' X (/_''# X ]`e [\ hl\ k\e^X cl^Xi \e cX J\Zi\kXiˆX [\ \jkX Al[`ZXkliX \c i\dXk\ [\c Y`\e `edl\Yc\ k`gf ZXjX# lY`ZX[X \e cX ZXcc\ J&E# ZXjX G)$+)# :fealekf [\ M`m`\e[X GiX[fj [\ :Xc[\i�e ;fj @@ # j\Zkfi J`\iiX ?\idfjX [\ cX GXiifhl`X [\ :Xc[\i�e# ZXek�e Hl`kf# gifm`eZ`X [\ G`Z_`eZ_X p dXj [\kXcc\j hl\ j\ \eZl\ekiXe [\jZi`kfj \e \c `e]fid\ g\i`Z`Xc Cf hl\ Zfdle`Zf Xc g’Yc`Zf \e ^\e\iXc gXiX cfj ]`e\j c\^Xc\j g\i$ k`e\ek\j% 89% AFI>< D@<I 9LI98EF J<:I<K8I@F ?Xp le j\ccf 8%8%&)-+-*
ALQ>8;F J<OKF ;< CF :@M@C ;< G@:?@E:?8 8M@JF ;< JL98JK8 GL9C@:8 AL@:F G8IK@:@FE ;< 9@<E<J :FE;FD@EFJ EF% )''/ $ '*-* J\ gfe\ \e ZfefZ`d`\ekf [\c gÂ’Yc`Zf \e ^\e\iX hl\ gXiX \c [ˆX (+ ;< 89I@C ;<C )'((# [\j[\ Xj (+_''# _XjkX cXj (/_''2 hl\ \e cX J\Zi\kXiˆX [\ \jkX Al[`ZXkliX j\ cc\mXiX X ZXYf cX jlYXjkX [\c Y`\e `edl\Y@\ ZlpXj ZXiXZk\iˆjk`ZXj j\ [\kXccXe X Zfe$ k`elXZ`Â?e1 (% L9@:8:@äE1 Gifm`eZ`X [\ G`Z_`eZ_X# :XekÂ?e p :`l[X[ [\ Hl`kf# GXiifhl`X LiYXeX B\ee\[p Xek\j gXiifhl`X :_Xlg`Zilq # 9Xii`f GcXe M`Zkfi`X# :Xcc\ El\mX 8m\ekliX E— E,.$0(# \eki\ cXj ZXcc\j ;\ CXj 8efeXj p =iXp C\feXi[f Dli`Xc[f# Cfk\ E—)/% )% %C@E;<IFJ1 ! EFIK< 1 :fe gifg`\[X[ [\ cX JiX% :Xid\e @qli`\kX DX[i`[ [\ JXcXqXi# \e ,(#,' d JLI 1 :fe gifg`\[X[ [\c Ji% E\cjfe 8cd\`[X# \e ,(#,' d% <JK< 1 :fe ZXd`ef gÂ’Yc`Zf XZklXc ZXcc\ El\mX 8m\ekliX # \e )'#*' d% F<JK< 1 :fe gifg`\[X[ [\ cX JiX% Al[`k_ [\c :Xjk`ccf# \e )'#*' d% *# :8I8:K<I@JK@:8J1 <c `edl\Yc\ ZfejkX [\ k\ii\ef p ZfejkilZZ`fe\j
Ĺ? ĂąĹ? Ĺ? Ĺ? Ĺ?Ä‚Ä€Ä Ä
Ĺ? +. Ĺ? ÄŒĹ? m\i Zifhl`j \ogc`ZXk`mf % *%(% K<II<EF1 <c }i\X [\c k\ii\ef ! \j [\ ('''%'' d)# [\ ]fidX i\ZkXe^lcXi `ii\^lcXi p kfgf^iX]ˆX Zfe leX c`^\iX g\e[`\ek\ \e ]fidX [\jZ\e[\ek\ [\ <jk\ X F\jk\2 J\ \eZl\ekiX [\c`d`kX[f1 gfi \c Efik\ \e gXik\ gfi gXi\[\j [\ cXj Zfej$ kilZZ`fe\j Ăˆ8É# Ăˆ;É p Ăˆ<É p \e fkiX gfi gXi\[ [\ gifg`\[X[ [\c Zfc`e$ [Xek\2 gfi \c Jli gfi Z\iiXd`\ekf \e dXdgfjk\iˆX [\ Ycfhl\ p i`fjkiXj [\ _fid`^Â?e XidX[f2 gfi \c <jk\ \e gXik\ gfi gXi\[ [\ cX ZfejkilZZ`Â?e Ăˆ<É p \e fkiX gfi Z\iiXd`\ekf \e dXdgfjk\iˆX [\ Ycfhl\ \eclZ`[f# \e \jk\ Z\iiXd`\ekf \o`jk\ leX gl\ikX [\ XZZ\jf g\XkfeXc p m\_`ZlcXi Zfej$ kil`[X \e _`\iif$kfc2 gfi \c F\jk\ gfi gXi\[ [\ cX ZfejkilZZ`Â?e Ăˆ8É% *%)% :FEJKIL::@FE<J1 :FEJKIL::@FE 8É1 ;\ leX gcXekX d\[`X X^lX # ]fidX[X gfi Z`eZf ZlXikfj2 [\ gXi\[\j [\ Ycfhl\2 ZlY`\ikX [\ dX[\iX Zfe k\Z_X[f [\ Z`eZ2 Z`\cf iXjf \e gXik\ [\ ki`gc\j p \e fkiX j`e Z`\cf iXjf2 g`jf gXm`d\e$ kX[f2 gl\ikXj \e gXik\ [\ dX[\iX gXe\cX[Xj p \e fkiX j`e gl\ikXj2 m\ekXeXj \e gXik\ [\ dX[\iX Zfe m`[i`f ZcXif \e fkiX j`e m\ekXeXj mXef % <c }i\X [\ \jkX ZfejkilZZ`Â?e \j [\ -,%0. ie)# j\ \eZl\ekiX \e dXc \jkX[f p k`\e\ leX \[X[ Xgifo`dX[X [\ )+ XÂŒfj% :FEJKIL::@FE Ăˆ9É1 j\ kiXkX [\ le ^XcgÂ?e [\ dX[\iX Zfe ZlY`\ikX [\ dX[\iX Zfe k\Z_X[f [\ Z`eZ2 gXiZ`Xcd\ek\ Zfe gXi\[\j [\ kXYcXj p dXccX [\ XcXdYi\2 g`jf \e gXik\ [\ k`\iiX p \e fkiX \e Z\d\ekX[f <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% :FEJKIL::@FE Ăˆ:É1 ;\ leX gcXe$ kX d\[`X X^lX # ]fidX[X gfi [fj ZlXikfj2 [\ \jkilZkliX \e gfjk\j [\ dX[\iX2 gXi\[\j \e cXd`eXj [\ kfc p _`\iif dÂ?[lcfj 2% ZlY`\ikX [\ dX[\iX Zfe k\Z_X[f [\ Z`eZ2 j`e Z`\cf iXjf2 g`jf gXm`d\ekX[f2 gl\ikX [\ dX[\iX% <c }i\X [\ \jkX ZfejkilZ$ Z`Â?e \j [\ -.#', d)# j\ \eZl\ekiX \e i\^lcXi \jkX[f p k`\e\ leX \[X[ Xgifo`dX[X [\ , XÂŒfj% :FEJKIL::@FE Ăˆ;É1 ;\ leX gcXekX d\[`X X^lX # ]fidX[X gfi le YXÂŒf2 [\ gXi\[\j [\ Ycfhl\ \eclZ`[Xj p i\ZlY`\ikXj [\ YXc[fjX X d\[`X Xckl$ iX2 ZlY`\ikX [\ dX[\iX Zfe k\Z_X[f [\ Z`eZ2 Z`\cf iXjf [\ ki`gc\j2 g`jf [\ YXc[fjX2 gl\ikX [\ dX[\iX k`gf kXdYfi% <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% :FEJKIL::@FE Ăˆ<É1 ;\ leX gcXekX d\[`X X^lX # ]fidX[X gfi [fj ZlXikfj [\ gXi\[\j [\ Ycfhl\ \eclZ`[Xj2 ZlY`\ikX [\ dX[\iX Zfe k\Z_X[f [\ Z`eZ2 Z`\cf iXjf [\ ki`$ gc\j2 g`jf gXm`d\ekX[f2 gl\ikXj [\ _`\iif$kfc$m`[i`f ZXk\[iXc2 m\ekXeXj [\ dX[\iX p m`[i`f ZcXif% <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% :FEJKIL::@FE Ăˆ=É1 ;\ leX gcXekX d\[`X X^lX # ]fidX[X gfi le ZlXi$ kf# [\ gXi\[\j [\ Ycfhl\2 ZlY`\ikX [\ dX[\iX Zfe k\Z_X[f [\ Z`eZ2 j`e Z`\cf iXjf2 g`jf gXm`d\ekX[f2 gl\ikX [\ 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% +% @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„Zki`ZX p XcZXe$ kXi`ccX[f% ,% 8M8CLF1 Ef _\ Zfej`[\iX[f \e \c XmXcÂ’f cXj ZfejkilZZ`fe\j \o`j$ k\ek\j# gfi jlj ZXiXZk\iˆjk`ZXj Zfej$ kilZk`mXj d\[`Xj X^lXj # \jkX[f [\ Zfej\imXZ`Â?e \e dXc \jkX[f # \[X[ [\ cXj d`jdXj# \j [\Z`i# Zfej`[\if hl\ j\ \eZl\ekiXe gXiX [\dfc`Z`Â?e% GXiX \c XmXcÂ’f [\c k\ii\ef _\ Zfej`$ [\iX[f cfj j`^l`\ek\j gXi}d\kifj k„Ze`Zfj# liYXeˆjk`Zfj1 CfZXc`qXZ`Â?e [\c `edl\Yc\ Zfe i\j$ g\Zkf X cX Z`l[X[% K`gf [\ mˆXj [\ XZZ\jf Xc `edl\$ Yc\% Ljf [\ jl\cf [\c j\Zkfi \e \c hl\ j\ cfZXc`qX \c `edl\Yc\# LY`ZXZ`Â?e [\c \hl`gXd`\ekf liYX$ ef p d}j j\im`Z`fj giÂ?o`dfj Xc `edl\Yc\ % =fidX p kfgf^iX]`X [\c k\ii\ef% <o`jk\eZ`X f Xlj\eZ`X [\ cfj j\im`$ Z`fj Y}j`Zfj [\ `e]iX\jkilZkliX% Gi\Z`f XZklXc [\ d\iZX[f [\ cfj k\ii\efj d}j Z\iZXefj Xc `edl\Yc\ \e Zl\jk`fe JFE1 :@<EKF J<J<EK8 D@C ;FC8I<J% :FE:<GKF%2 K\ii\ef :8EK@;8;% 2 (''''#' LE@;8;%2 d) G% LE@K8I@F2 (-'#'' G%KFK8C%2 (-'%'''#'' JFE1 :@<EKF J<J<EK8 D@C ;FC8I<J% CX jlYXjkX k\e[i} Zfdf YXj\ \c mXcfi kfkXc [\c XmXclf p \e \c [ˆX p _fiX j\ÂŒXcX[fj# ef j\ i\Z`Y`i}e
Ĉ
f]\ikXj hl\ ef mXpXe XZfdgXÂŒX[Xj gfi f d\efj [\c [`\q gfi Z`\ekf [\c mXcfi kfkXc [\ jl f]\ikX# \e \]\Zk`mf f Z_\hl\ Z\ik`]`ZX[f X efdYi\ [\c Alq^X[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% <;NE :<M8CCFJ 8DGD8 J<:I<K8I@F :fejkX ]`idX p j\ccf 8:&./'+.&XXm
I% [\c <% ALQ>8;F K<I:<IF ;< CF :@M@C ;< G@:?@E:?8 8M@JF ;< I<D8K< J\ gfe\ \e ZfefZ`d`\ekf Xc gÂ’Yc`$ Zf \e ^\e\iXc hl\ \e cX J\Zi\kXiˆX [\c Alq^X[f K\iZ\if [\ cf :`m`c [\ G`Z_`eZ_X# \c [ˆX DXik\j Z`eZf [\ 8Yi`c [\c XÂŒf [fj d`c feZ\# [\j[\ cXj ZXkfiZ\ _fiXj _XjkX cXj [`\Z`fZ_f _fiXj# j\ cc\mXi} X ZXYf \c i\dXk\ [\c Y`\e dl\Yc\# ZlpXj ZXiXZk\iˆjk`ZXj jfe cXj j`^l`\ek\j1 K\e`„e[fj\ \e Zl\ekX \c 8ZkX [\ <dYXi^f gi\j\ekX[X \e \jkX ZXljX# Efj Zfejk`kl`dfj \e \c j`k`f Ăˆ=}k`dXÉ [\ cX GXiifhl`X G`\[iXj [\c ZXekÂ?e G`ÂŒXj# Gifm`eZ`X [\ \c Fif# cl^Xi [fe[\ j\ \eZl\ekiX lY`ZX[f \c Y`\e `edl\Yc\ fYa\kf [\c 8mXcÂ’f# \e Zfealekf Zfe \c ;\gfj`kXi`f Al[`Z`Xc X[$[fZ% Ji% ;i% Afj„ :fii\X AXiXd`ccf# j\ _XZ\e cXj j`^l`\ek\j fYj\imXZ`fe\j1 (%$ C@E;<IFJ JLG<I=@:@< ;<C K<II<EF% Efik\%$ :fe k\ii\efj [\ _\i\[\ifj [\c Ji% D`^l\c Ifd\if Jli%$ :fe k\ii\efj [\ _\i\[\ifj [\c Ji% Alc`f 8ÂŒXjZf <jk\%$ :fe MˆX Xj]XckX[X hl\ Zfe[l$ Z\ X cX Z`l[X[ [\ CfaX% F\jk\%$ :fe k\ii\efj [\ ?\i\[\ifj [\ cfj j\ÂŒfi\j D`^l\c ifd\if p Alc`f 8ÂŒXjZf% K\ii\ef „jk\ hl\ cl\^f [\ _XY\i$ j\ i\Xc`qX[f le i\Zfii`[f gfi jl g\iˆd\kif j\ \jkXYc\Z\ hl\ Zl\e$ kX Zfe leX jlg\i]`Z`\ [\ * _Xj% 8gifo`dX[Xd\ek\% )%$ :8I8:K<IĂ JK@:8J ><E<I8C<J ;<C K<II<EF% CX kfgf^iX]ˆX [\c d`jdf# \j hl\$ YiX[X Zfe g\e[`\ek\j ]l\ik\j# le jl\cf XiZ`ccfjf$g\[i\^fjf# Zl\ekX Zfe \c j\im`Z`f [\ \e\i^ˆX \c„Zki`ZX% <j gfZf Zlck`mXYc\% <jkX [\c`d`kX[f gfi Z\iZfj [\ XcXd$ Yi\ p gcXekXj gifg`Xj [\c cl^Xi p gfi fkif cX[f Zfe cX ZXii\k\iX% *%$ :LCK@MFJ ;\ekif [\c k\ii\ef i\Zfii`[f# \o`jk\e cfj j`^l`\ek\j Zlck`mfj1 GcXekXZ`fe\j m`\aXj [\ ZX]„ eXZ`feXc \e cX dXpfi gXik\ [\c k\ii\ef hl\ j\ \eZl\ekiXe \e i\^lcXi \jkX[f# leXj gfZXj gcXekXZ`fe\j [\ Zˆki`Zfj Zfdf eXiXeaX# c`dÂ?e p dXe[Xi`eX% KXdY`„e j\ gl\[\e fYj\imXi hl\ leX gXik\ [\c k\ii\ef _X j`[f [\j$ YifqX[f p j\dYiX[f gcXekXZ`fe\j [\ ZXZXf `ea\ikf [\ lefj gfZfj XÂŒfj [\ \[X[% +%$ :FEJKIL::@FE<J% <e \c cX[f efik\# \o`jk\ leX ZXjX [\ \jkilZkliX d`okX /!.#*,d% [\ \jkilZkliX [\ ?8# gXi\[\j [\ cX[i`ccf j`e \eclZ`i p g`jf [\ kXYcX# ZlY`\ikX [\ k\aX jfYi\ \jkilZkliX [\ dX[\$ iX# Zl\ekX XZfd\k`[X [\ \e\i^ˆX \c„Zki`ZX p X^lX# cX d`jdX hl\ j\ \eZfekiXYX _XY`kX[X gfi cX JiX% ClZˆX :_XdYX p ]Xd`c`X% <e cX GXik\ gfjk\i`fi X cX d`jdX \o`jk\e1 :lXkif ^Xcgfe\j gXiX cX Zi`XeqX [\ gfccfj# \e Yl\e \jkX[f [\ \jkilZ$ kliX [\ _fid`^Â?e XidX[f# g`jf [\ Z\d\ekf# Z\iZX[f Zfe dXccXj# ZlY`\ikX [\ q`eZ jfYi\ \jkilZkliX [\ dX[\iX [\ ))!-# (,!-# ).!-# )*!- i\jg\Zk`mXd\ek\% KXdY`„e j\ fYj\imXe fkiXj Zfej$ kilZZ`fe\j p hl\ gfi jl dXc \jkX[f ef j\i}e XmXclX[Xj2 Zfdf jfe1 le ^XcgÂ?e gXiX gfccfj [\ \jkilZkliX [\ dX[\iX# g`jf [\ Z\d\ekf p dXccX \e dXc \jkX[f# Xjˆ d`jdf leX Yf[\^X [\ \jkilZkliX [\ _fid`^Â?e XidX[f# gXi\[\j [\ cX[i`ccf# g`jf \e Z\d\e$ kX[f# ZlY`\ikX [\ q`eZ jfYi\ dX[\iX kXdY`„e \e dXc \jkX[f p XYXe[feX$ [f% 8c g`\ [\ „jkX \o`jk\ le gXk`f \e Z\d\ekX[f hl\ _X j`[f lk`c`qX[f \e jl i\jg\k`mf k`\dgf gXiX \c j\ZX [f [\ ZX]„ p hl\ gfi \eZfekiXij\ XYXe$ [feX[f \jk} \e i\^lcXi \jkX[f% ,% 8M8CèF ;<C K<II<EF P :FEJKIL::@FE<J1 ;<J:I@G:@äE K\ii\ef p Zlck`mfj Ă?I<8 _Xj * M8CFI :&_ +%'''#'' KFK8C ()'''#' JL9KFK8C ()'''#' JFE1 ;F:< D@C ;äC8I<J# ''&('' :FEJKIL::@FE<J ;<J:I@G:@äE :XjX >XcgÂ?e Ă?I<8 d)
Ĺ? Ĺ?
Ĺ?
Ĺ? Ĺ?
Ĺ?
ĉ
:<IK@=@:8;F 8 EFD9I< ;<C ALQ>8;F% Cf hl\ gfe^f \e ZfefZ`d`\ekf Xc gÂ’Yc`Zf \e ^\e\iXc# gXiX cfj ]`e\j [\ c\p% 8K<EK8D<EK<# ;I8% N@CD8 I <:8 C ; < >L8I;<I8J J<:I<K8I@8 < ?Xp ]`idX p j\ccf 8:&..-')&k]
Z�iiXj\ kiXjcX[f Zfe \c \jZi`kf [\ [\dXe[X p \jkX gifm`[\eZ`X Xc j\Œfi :8ICFJ M@E@:@F A8I8D@CCF :8D8:?F# X ]`e [\ hl\ Zfek\jk\ \e \c k„id`ef [\ ki\j [ˆXj% :fe \c aliXd\ek� i\e[`[f gfi cX XZkfiX p [\ Zfe]fid`[X[ Zfe cf [`jgl\jkf \e \c 8ik%/) [\c :�[`^f [\ GifZ\[`d`\ekf :`m`c# Zˆk\j\ Xc [\dXe[X[f j\Œfi :8ICFJ M@E@:@F A8I8D@CCF :8D8:?F# gfi cX gi\ejX \e lef [\ cfj g\i`�[`Zfj [\ dXpfi Z`iZlcXZ`�e [\ \jkX :`l[X[ [\ Hl`kf% K„e^Xj\ \e Zl\ekX \c ZXj`cc\if al[`Z`Xc j\ŒXcX[f p X^i„^l\ej\ cfj [fZld\ekfj XZfd$ gXŒX[fj% Efk`]ˆhl\j\% ;i% 8c]i\[f >i`aXcmX DlŒfq% Al\q% Cf hl\ gfe^f \e jl ZfefZ`d`\ekf [\c g’Yc`Zf \e ^\e\iXc gXiX cfj ]`e\j c\^Xc\j Zfii\jgfe[`\ek\j% ;i% GXYcf Kfif :Xii`ccf J\Zi\kXi`f ?Xp le j\ccf 8%8%&)-+')
ALQ>8;F M@><J@DF K<I:<IF ;< CF :@M@C ;< G@:?@E:?8
ALQ>8;F ;y:@DF HL@EKF ;< CF :@M@C ;< G@:?@E:?8 <OKI8:KF
Ĺ? ĂąĹ? Ĺ? Ĺ? Ĺ?Ä‚Ä€Ä Ä
Ĺ? +. Ĺ? ÄŒĹ?
-( ('0#-0 M8CFI Z&d) (, )' KFK8C 0(,#' )(0*#/ JL9KFK8C *('/#/ JFE1 KI<J D@C :@<EKF F:?F# /'&('' ;äC8I<J 8D<I@:8EFJ JL9KFK8C ( ()'''#' JL9KFK8C ) *('/#/ KFK8C (,('/#/ JFE1 HL@E:< D@C :@<EKF F:?F# /'&('' ;äC8I<J 8D<I@:8EFJ Cf hl\ Zfdle`Zf gXiX cfj ]`e\j c\^X$ c\j Zfej`^l`\ek\j# gfi kiXkXij\ [\c j\^le[f j\ÂŒXcXd`\ekf# j\ i\Z`Y`i}e gfjkliXj jfYi\ cX YXj\ [\ cX d`kX[ [\c gi\Z`f [\c XmXcÂ’f# \e Z_\hl\ Z\ik`]`ZX[f X efdYi\ [\c alq^X[f f [`e\if \e \]\Zk`mf%$ :\ik`]`Zf% ;i% Afi^\ GXcXZ`fj ?% J<:I<K8I@F ;<C ALQ>8;F K<I:<IF ;< CF :@M@C ;< G@:?@E:?8 ?Xp le j\ccf 8:&./'--&ZZ
:8IK<C ;< I<D8K< ALQ>8;F JyGK@DF ;< CF :@M@C ;< G@:?@E:?8 J< GFE< <E :FEF:@D@<EKF ;<C GL9C@:F <E ><E<I8C HL< <E C8 J<:I<K8I@8 ;< <JK8 AL;@:8KLI8 <C ;Ă 8 M@<IE<J FE:< ;< D8IQF ;<C 8zF <E :LIJF ;<J;< C8J :8KFI:< 8 C8J ;@<:@F:?F ?FI8J# J< CC<M8I8 8 <=<:KF <C I<D8K< ;<C CFK< EF% +'0# ;< C8 LI98E@Q8:@äE :CL9 C8 D8I:8# J@KL8;F <E C8 G8IIFHL@8 J8E 8EKFE@F ;< G@:?@E:?8 ;< <JK< :8EKäE# <D98I>8;F P HL< J< ;<K8CC8 8 :FEK@EL8:@äE% AL@:@F1 <A<:LK@MF Ef% (()*$)''. $:D :8I8:K<I@JK@:8J ><E<I8C<J F9A<KF @edl\Yc\ lY`ZX[f \e cX GXiifhl`X JXe 8ekfe`f [\ G`Z_`eZ_X p \jkX Zfdgl\jkf gfi le cfk\ [\ k\ii\ef p leX ZfejkilZZ`Â?e j`e k\id`eXi i\X$ c`qX[X _XjkX ZfcldeXj [\ _fid`^Â?e XidX[f% L9@:8:@FE GIFM@E:@8 1 G`Z_`eZ_X :8EKFE 1 Hl`kf G8IIFHL@8 1 JXe 8ekfe`f [\ G`Z_`eZ_X L9@:8:@FE 1 Cfk\ ZlXkifZ`\ekfj el\m\ [\ cX LiYXe`qXZ`Â?e :clY CX DXiZX# \eki\ cXj ZXcc\ 8 p 9 p ZXcc\ = [`i\ZZ`Â?e `ek\ieX% C@E;<IFJ ;<C @EDL<9C< D8K<I@8 ;< <JK8 C@K@J EFIK< 1 :fe \c cfk\ ZlXkifZ`\ekfj fZ_f \e leX cfe^`kl[ [\ *,#'' d\kifj% JLI1 :fe cX ZXcc\ = \e leX cfe^`kl[ [\ *,#/' d\kifj# <JK< 1 :fe cX ZXcc\ 8 \e leX cfe^`kl[ [\ (0#), d\kifj% F<JK< 1 :fe cfj cfk\j ki\jZ`\ekfj efm\ekX p lef p ki\jZ`\ekfj efm\e$ kX p [fj \e leX cfe^`kl[ [\ *-#'' d\kifj% JLG<I=@:@< ;<C K<II<EF 4 0+/#'' d\kifj ZlX[iX[fj :FEJKIL::@äE <O@JK<EK< % LE8 GC8EK8 ?8JK8 :FCLDE8J LJF 1 CfZXc gXiX \c ]leZ`feXd`\ekf [\ leX g`jZ`eX 8D9@<EK<J 1 LeX g`jZ`eX# YXÂŒf# }i\X [\ X[d`e`jkiXZ`Â?e% <JKIL:KLI8 1 ?fid`^Â?e XidX[f1 Z`d`\ekfj# ZX[\eXj# ZfcldeXj% D8DGFJK<IĂ 8 9cfhl\ leX gXik\ I<:L9I@D@<EKFJ 9cfhl\ m`jkf <EKI<G@JFJ G`jf [\ _fid`^Â?e j`dgc\% :F9<IKLI8 Ef k`\e\ ZlY`\ikX GL<IK8J Ef k`\e\ gl\ikXj M<EK8E8J Ef k`\e\ m\ekXeXj% <JK8;F I\^lcXi j\ _XccX Zfejkil`$ [X _XjkX ZfcldeXj 8I<8 ;< :FEJKIL::@äE GC8EK8 98A8 4 **)#/' d) @E=I8<JKIL:KLI8 <O@JK<EK< <E <C @EDL<9C<1 <c j\Zkfi [\c `edl\Yc\ gfj\\ j\im`$ Z`fj Y}j`Zfj [\1 \e\i^ˆX \c„Zki`ZX# X^lX gfkXYc\# i\[ k\c\]Â?e`ZX# XcZXe$ kXi`ccX[f# mˆXj Xj]XckX[Xj# XZ\iXj# Yfi[`ccfj% 8M8CLF ;<C @EDL<9C< Ef2 ;<J:I@G:@äE2 LE@;%2 :8EK@;2 G% LE@K8I2 G% KFK8C (2 K<II<EF2 d)2 0+/#''2 *'#''2 )/++'#'' )2 :FEJKIL::@FE ?% 8ID8;F GC8EK8 98A8 J@E K<ID@E8I Æ ?8JK8 :FCLDE8J2 d)2 **)#/'2 +,#''2 (+%0.-#'' KFK8C2 +*+(-#'' Jfe1 :lXi\ekX p ki\j d`c ZlXkif$ Z`\ekfj [`\q p j\`j ''&('' ;Â?cXi\j 8d\i`ZXefj GFI KI8K8IJ< ;<C GI@D<I J<z8C8D@<EKF J< 8:<GK8IĂ?E GFJKLI8J ;<J;< 8HL<CC8J HL< :L9I8E C8J ;FJ K<I:<I8J G8IK<J ;<C M8CFI ;<C 8M8CLF# G8>F HL< J< CF ?8I8 <E ;@E<IF <E <=<:K@MF F :?<HL<
Ĺ?
<OKI8:KF 8M@JF ;< I<D8K< AL@:@F <A<:LK@MF E— '-'*$)''/ J\ gfe\ \e ZfefZ`d`\ekf [\c gÂ’Yc`Zf \e ^\e\iXc hl\ \c [ˆX al\m\j m\`ek\ p ZlXkif [\ dXiqf [\c [fj d`c feZ\# [\j[\ cXj ZXkfiZ\ _fiXj X cXj [`\q p fZ_f _fiXj# k\e[i} cl^Xi \c i\dXk\ [\c Y`\e `edl\Yc\ \dYXi^X[f [\e$ kif [\ cX gi\j\ek\ ZXljX p hl\ j\ [\kXccX X Zfek`elXZ`Â?e1 L9@:8:@äE1 CX gifg`\[X[ dfk`mf [\c gi\j\ek\ i\dXk\# \eZl\ekiX lY`ZX[X \e cX ZXcc\ JlZi\ EÂ’d\ifj +$(+ p +$(-# `ek\ij\ZZ`Â?e JXc`eXj p I`ZXlik\# [\ cX GXiifhl`X :`eZf [\ 8^fjkf# ZXekÂ?e p Gifm`eZ`X [\ <jd\iXc[Xj# @edl\Yc\ j`^eX[f Zfe \c Ef% .$8$)# [\ cX DXeqXeX Ef% +'% C@E;<IFJ ;<C @EDL<9C<1 Gfi \c efik\1 :fe \c 8^lX GfkXYc\# \e ki\Z\ d\kifj Z`eZl\ekX p Z`eZf Z\ekˆd\kifj2 Gfi \c Jli%$ :fe \c @e^\e`\if >Xcf AXZ_f KfXgXekX# \e ki\Z\ d\kifj Z`eZl\ekX p Z`eZf Z\ekˆd\kifj2 Gfi \c <jk\%$ :fe cX ]Xd`c`X =fpX`e Hl`ek\if# \e el\m\ d\kifj Z`eZl\ekX Z\ekˆd\kifj2 Gfi \c F\jk\%$ :fe \c gXjXa\ ZfdleXc Ef% )# \e el\m\ d\kifj Z`eZl\ekX p Z`eZf Z\ekˆd\kifj# Zfe leX jlg\i]`Z`\ kfkXc [\ Z`\ekf m\`ek\ p el\m\ d\kifj j\`j Z\ekˆd\kifj ZlX[iX[fj% :8I8:K<I@JK@:8J ;<C K<II<EF =fidX1 I\ZkXe^lcXi Kfgf^iX]ˆX1 GcXeX 8]\ZkXZ`Â?e1 E`e^leX @E=I8<JKIL:KLI8 GL9C@:81 :l\ekX Zfe XZZ\jf X cfj j\im`Z`fj Y}j`Zfj [\ 8^lX gfkXYc\# XcZXekX$ i`ccX[f# jXe`kXi`f# \e\i^ˆX \c„Zki`ZX# k\c„]fef# ZXcc\j Xj]XckX[Xj# XZ\iXj p Yfi[`ccfj [\ Z\d\ekf# i\Zfc\ZZ`Â?e [\ YXjliX# kiXejgfik\ gÂ’Yc`Zf# gfi \jkX \e qfeX liYXeX [\ cX Z`l[X[ [\ <jd\iXc[Xj% <;@=@:8:@FE1 <c `edl\Yc\ \j le k\ii\ef jfcXi j`e ZfejkilZZ`Â?e Xc hl\ j\ XZZ\[\ gfi le gXjXa\ ZfdleXc [\ [`\q d\kifj Xgifo`dX[Xd\ek\% :C8J@=@:8:@FE ;<C J<:KFI1 QfeX liYXeX Zfd\iZ`Xc [\c Z\ekif [\ cX Z`l[X[ [\ <jd\iXc[Xj# Zl\ekX Zfe j\im`Z`fj YXeZXi`fj# \[lZXZ`Â?e# jXcl[# d\iZX[fj# Z\ekifj Zfd\iZ`X$ c\j# }i\Xj i\Zi\Xk`mXj p kiXejgfik\ glYc`Zf% K@GF ;< QFE8 :fejfc`[X[X M8CFI8:@FE ;< C8 GIFG@<;8; ;<J:I@G:@FE# 8I<8 D)# GI<:@F GFI D)# GI<:@F KFK8C <E LJ K<II<EF# ()0%'-# ),'%''# *'%0.+%+' KFK8C1# *'%0.+%+' Jfe1 Ki\`ekX d`c efm\Z`\ekfj j\k\ekX p ZlXkif [Â?cXi\j Zfe ZlXi\ekX Z\ekX$ mfj [\ [Â?cXi [\ cfj <jkX[fj Le`[fj [\ Efik\Xd„i`ZX% Gfi kiXkXij\ [\c gi`d\i j\ÂŒXcXd`\e$ kf kf[X gfjkliX [\Y\i} ZlYi`i gfi cf d\efj cXj [fj k\iZ\iXj gXik\j [\c XmXcÂ’f giXZk`ZX[f% 8 ZX[X gfjkliX [\Y\i} XZfdgXÂŒXij\ \c [`\q gfi Z`\ekf [\c mXcfi [\ cX f]\ikX# [\gf$ j`kXe[f \e [`e\if \e \]\Zk`mf f \e Z_\hl\ Z\ik`]`ZX[f X efdYi\ [\ \jkX Al[`ZXkliX% Hl`kf# () [\ \e\if [\c )'((% :\ik`]`Zf 89>% AFI>< D@<I 9LI98EF J<:I<K8I@F 8:../-'&D>
JF:@<;8; :FEPL>8C C8 I<GL9C@:8 ;<C <:L8;FI ALQ>8;F GI@D<IF ;< CF :@M@C ;< G@:?@E:?8 <OKI8:KF AL;@:@8C :@K8:@FE AL;@:@8C1 :8ICFJ M@E@:@F A8I8D@CCF :8D8:?F% 8:KFI1 ALC@8 <C<E8 DFI<EF 8E;I8;<% ;<D8E;8;F1 :8ICFJ M@E@:@F A8I8D@CCF :8D8:?F% :L8EK@81 @E;<K<ID@E8;8% AL@:@F ;@JFCL:@äE ;< JF:@<;8; :FEPL>8C Ef%)'('$(-..$;> ALQ>8;F GI@D<IF ;< CF :@M@C ;< G@:?@E:?8%$ Hl`kf# dXik\j (( [\ <e\if [\c )'((# cXj ((_'0% M@JKFJ1 <e cf gi`eZ`gXc cX [\dXe[X gi\j\e$ kX[X \j ZcXiX# gi\Z`jX p i\’e\ cfj [\d}j i\hl`j`kfj [\ C\p# gfi cf hl\ j\ cf XZ\gkX X ki}d`k\% ;\ Zfe]fid`$ [X[ Zfe cf [`jgl\jkf \e \c 8ik%/(* [\c :�[`^f [\ GifZ\[`d`\ekf :`m`c#
J< GFE< <E :FEF:@D@<EKF ;<C Gè9C@:F <E ><E<I8C# C8 C@HL@;8:@äE ;< C8 JF:@<;8; :FEPL>8C <EKI< CFJ J<zFI<J1 ?<:KFI =89@8E M8C<E:@8 M@Q:8@EF P A8:F98 IFJ8 :8C;<IFE D8IK@E<Q2 P# <J :FDF J@>L<1 8:KFI<J1 ?<:KFI =89@8E M8C<E:@8 M@Q:8@EF P A8:F98 IFJ8 :8C;<IFE D8IK@E<Q% AL@:@F Ef% *(+$)'(' KIĂ?D@K<1 8GIF98:@äE ;< C8 C@HL@;8:@äE ;< C8 JF:@<;8; :FEPL>8C :L8EKĂ 81 +.%*./#-* ;äC8I<J 8D<I@:8EFJ 9@<E<J F9A<KF ;< C8 C @ H L @ ;8 : @ ä E 1 G I @ D < I 8 1 :FDG8I<:@<EK<J%$ 8c fkfi^X$ d`\ekf [\c gi\j\ek\ ZfekiXkf Zfd$ gXi\Z\e# gfi leX gXik\ \c j\ÂŒfi ?„Zkfi =XY`}e MXc\eZ`X M`qZXˆef# gfi jlj gifg`fj [\i\Z_fj p gfi fkiX gXik\ cX j\ÂŒfiX AXZfYX IfjX :Xc[\iÂ?e DXikˆe\q% Cfj ZfdgXi\$ Z`\ek\j jfe \ZlXkfi`Xefj# dXpfi\j [\ \[X[# [`mfiZ`X[fj# [fd`Z`c`X[fj \e cX gXiifhl`X [\ KXdY`ccf# [\c ZXe$ kÂ?e D\aˆX _}Y`c\j gXiX ZfekiXkXi p fYc`^Xij\# j`e `dg\[`d\ekf c\^Xc [\ e`e^leX ZcXj\ e` eXkliXc\qX p jfc`Z`$ kXdfj hl\ Xc k\efi [\ cf [`jgl\jkf \e cfj XikˆZlcfj -,, [\c :Â?[`^f [\ GifZ\[`d`\ekf :`m`c p XikˆZlcf (*-, [\c :Â?[`^f :`m`c# j\ j`imX \c\mXi X \jZi`kliX gÂ’Yc`ZX \c j`^l`\ek\ XZl\i$ [f [\ gXik`Z`Â?e p X[al[`ZXZ`Â?e [\ cfj Y`\e\j g\ik\e\Z`\ek\j X cX jfZ`\[X[ Zfepl^Xc Zfe]fidX[X gfi ?„Zkfi =XY`}e MXc\eZ`X M`qZXˆef# p AXZfYX IfjX :Xc[\iÂ?e DXikˆe\q# Zfem\e`f mfclekXi`f Xc hl\ _\dfj cc\^X[f \e \c gifZ\jf [\ c`hl`[XZ`Â?e [\ cX JfZ`\[X[ :fepl^Xc# Zfe]fid\ X cf [\k\id`eX[f \e cXj j`^l`\ek\j Zc}l$ jlcXj% J<>LE;81 8EK<:<;<EK<J%$ Lef%$ Cfj j\ÂŒfi\j ?„Zkfi =XY`}e MXc\eZ`X M`qZXˆef# p AXZfYX IfjX :Xc[\iÂ?e DXikˆe\q \jklm`\ife ZXjX$ [fj \eki\ jˆ# [\j[\ \c ). [\ \e\if [\ (0/)# _XjkX \c (( [\ ]\Yi\if [\c )''*# ]\Z_X \e cX ZlXc hl\[Â? [`jl\ckf \c mˆeZlcf dXki`dfe`Xc \e m`ikl[ [\ cX j\ek\eZ`X [\ [`mfiZ`f [`ZkX[X gfi Alq^X[f ;„Z`df Hl`ekf [\ cf :`m`c [\ G`Z_`eZ_X# cXj ((?),# j\ek\eZ`X hl\ j\ \eZl\ekiX \a\Zlkfi`X[X \ `ej$ Zi`kX \e \c I\^`jkif :`m`c [\c ZXekÂ?e Hl`kf# Zfe ]\Z_X (, [\ dXiqf [\ )''*% ;fj%$ d`\ekiXj jlYj`jkˆX cX jfZ`\[X[ Zfepl^Xc X[hl`i`dfj gfi ZfdgiX cfj j`^l`\ek\j Y`\e\j `edl\$ Yc\j1 \c cfk\ [\ k\ii\ef j`^eX[f Zfe \c eÂ’d\if */ [\c =le[f [\efd`eX[f DXelXc\j# [\ cX gXiifhl`X KXdY`ccf# ZXekÂ?e D\aˆX# gifm`eZ`X [\ G`Z_`eZ_X j\^Â’e \jZi`kliX gÂ’Yc`ZX Z\c\YiX[X \c )* [\ 8Yi`c [\ (00'# \e cX EfkXiˆX ;„Z`df J„gk`dX [\c ZXekÂ?e Hl`kf# c\^Xcd\ek\ `ejZi`kX \c (. [\ dXpf [\c d`jdf XÂŒf p \c cfk\ [\ k\ii\$ ef j`^eX[f Zfe \c eÂ’d\if *0# LiY% DXelXc\j# [\ cX gXiifhl`X KXdY`ccf# ZXekÂ?e D\aˆX# j\^Â’e \jZi`kliX gÂ’Yc`ZX fkfi^X[X \c *( [\ DXpf [\ (00+# \e cX EfkXiˆX (- [\c ZXekÂ?e Hl`kf# c\^Xcd\ek\ `ejZi`kX \c )- [\ fZklYi\ [\c d`jdf XÂŒf% K<I:<I8%$ Cfj ZfdgXi\Z`\ek\j XZcXiXe hl\ cX jfZ`\[X[ Zfepl^Xc ]fidX[X gfi \ccfj ef X[\l[X e`e^Â’e [`e\if X e`e$ ^leX g\ijfeX# e` jfgfikX gXj`mfj [\ e`e^leX ZcXj\% :L8IK81 ;< C8 8;AL;@:8:@äE%$ :fe cfj Xek\Z\$ [\ek\j \ogl\jkfj# cfj \o$ ZÂ?epl^\j j\ÂŒfi\j ?„Zkfi =XY`}e MXc\eZ`X M`qZXˆef# p AXZfYX IfjX :Xc[\iÂ?e DXikˆe\q# Zfem`\e\e \e gXik`ij\ cfj Y`\e\j X[hl`i`[fj [liXek\ cX m`[X dXki`dfe`Xc# [\ cX j`^l`\ek\ dXe\iX2 8 8C J<zFI ?<:KFI =89@8E M8C<E:@8 M@Q:8@EF# j\ c\ X[al[`ZX \e gifg`\[X[ XYjfclkX# \c Y`\e `edl\Yc\ Zfejk`kl`[f gfi k\ii\ef# j`^eX[f Zfe \c eÂ’d\if *0# [\ cX liYXe`qXZ`Â?e DXelXc\j# [\ cX gXiifhl`X KXdY`ccf# ZXekÂ?e D\aˆX# hl\ j\^Â’e \c Z\ik`]`ZX[f [\c j\ÂŒfi I\^`jkiX[fi [\ cX Gifg`\[X[ [\c ZXe$ kÂ?e D\aˆX# k`\e\ leX j\^le[X _`gf$ k\ZX# gfi fYiXj [\ `e]iX\jkilZkliX# X ]Xmfi [\c Dle`Z`g`f [\ D\aˆX2 `edl\$ Yc\ hl\ j\ \eZl\ekiX Zfdgi\e[`[f [\ekif [\ cfj j`^l`\ek\j c`e[\ifj# \jg\Z`]`ZXZ`fe\j p jlg\i]`Z`\1 Gfi \c EFIK<# Zfe \c cfk\ eÂ’d\if ZlXi\ekX [\ cX liYXe`qXZ`Â?e2 gfi \c JLI# Zfe \c cfk\ eÂ’d\if */ [\ cX liYXe`qX$ Z`Â?e2 gfi \c <JK<# Zfe hl\YiX[X2 p# gfi \c F<JK<# Zfe ZXcc\ Ăˆ;É% CX jlg\i]`Z`\ kfkXc [\c k\ii\ef \j [\ ki\jZ`\ekfj j\j\ekX p [fj d\kifj
BW Wc_ijWZ ikfed[ iWYh_\_Y_ei" o iÂŒbe [b gk[ [ij| Z_ifk[ije W ^WY[hbei i_d ceb[ij_W" Yecfh[dZ[ bW Wc_ijWZ$ DE;B 9B7H7Iâ ZlX[iX[fj p Z`eZl\ekX [\Zˆd\kifj ZlX[iX[fj% <e kf[f ZXjf cX X[al[`$ ZXZ`Â?e j\ cf \]\ZkÂ’X Zfdf Zl\igf Z`\ikf# Zfe]fid\ cf _X m\e`[f gfj\$ p\e[f% <c k\ii\ef ]l\ X[hl`i`[f gfi cfj ZÂ?epl^\j ?„Zkfi =XY`}e MXc\eZ`X M`qZXˆef p AXZfYX IfjX :Xc[\iÂ?e DXikˆe\q# gfi ZfdgiX X cfj \jgfjfj ?„Zkfi ?l^f M`qZXˆef 9ljkXdXek\ p j\ÂŒfiX Qf`cX =Xe` >feq}c\q :Xii\iX# j\^Â’e ZfejkX [\ cX \jZi`kliX gÂ’Yc`ZX fkfi^X[X \c *( [\ dXpf [\ (00+# Xek\ \c EfkXi`f ;„Z`df J\okf [\c ZXekÂ?e Hl`kf# ;i% >feqXcf Ifd}e :_XZÂ?e# [\Y`[Xd\ek\ `ejZi`kX \e \c I\^`jkif [\ cX Gifg`\[X[ [\c ZXekÂ?e D\aˆX \c )- [\ fZklYi\ (00+% J\ XZcXiX hl\ \c j\ÂŒfi ?„Zkfi =XY`}e MXc\eZ`X M`qZXˆef# \e ]fidX c`Yi\ p mfclekXi`X jlYif^X cX j\^le[X _`gf$ k\ZX# gfi fYiXj [\ `e]iX\jkilZkliX X ]Xmfi [\c @# Dle`Z`g`f [\ D\aˆX# [\c cfk\ E%$ *0% 9 %$ 8 C8 J<zFI8 A8:F98 IFJ8 :8C;<IäE D8IK@E<Q%$ j\ c\ X[al[`ZX \e gif$ g`\[X[ XYjfclkX# \c Y`\e `edl\Yc\ Zfejk`kl`[f gfi k\ii\ef# j`^eX[f Zfe \c eÂ’d\if */# [\ cX liYXe`qXZ`Â?e DXelXc\j# [\ cX gXiifhl`X KXdY`ccf# ZXekÂ?e D\aˆX# hl\ j\^Â’e \c Z\ik`]`ZX$ [f Zfe]\i`[f gfi \c j\ÂŒfi I\^`jkiX[fi [\ cX Gifg`\[X[ [\c ZXekÂ?e D\aˆX j\ \eZl\ekiX leX j\^le[X _`gfk\ZX \e ]Xmfi [\c Dle`Z`g`f [\ D\aˆX p cX gif_`Y`Z`Â?e [\ \eXa\eXi gfi fYiXj [\ `e]iX\jkilZkliX2 `edl\Yc\ hl\ j\ \eZl\ekiX Zfdgi\e[`[f [\ekif [\ cfj j`^l`\ek\j c`e[\ifj# \jg\Z`]`ZX$ Z`fe\j p jlg\i]`Z`\1 Gfi \c EFIK<# Zfe ZXcc\ Ăˆ;É [\ cX liYXe`qXZ`Â?e2 gfi \c JLI# Zfe cX hl\YiX[X j`e efdYi\2 gfi \c <JK<# Zfe \c cfk\ eÂ’d\if *02 p# gfi \c F<JK<# Zfe \c cfk\ eÂ’d\if *.% CX jlg\i]`Z`\ kfkXc [\c k\ii\ef \j [\ ZlXkifZ`\ekfj [`\Z`fZ_f d\kifj ZlX[iX[fj j\k\ekX p Z`eZf [\Zˆd\$ kifj ZlX[iX[fj% <e kf[f ZXjf cX X[al$ [`ZXZ`Â?e j\ cf \]\ZkÂ’X Zfdf Zl\igf Z`\ikf# Zfe]fid\ cf _X m\e`[f gfj\$ p\e[f% <c k\ii\ef ]l\ X[hl`i`[f gfi cfj ZÂ?epl^\j ?„Zkfi =XY`}e MXc\eZ`X M`qZXˆef p AXZfYX IfjX :Xc[\iÂ?e DXikˆe\q# gfi ZfdgiX X cfj \jgfjfj ?„Zkfi ?l^f M`qZXˆef 9ljkXdXek\ p j\ÂŒfiX Qf`cX =Xep >feq}c\q :Xii\iX# j\^Â’e ZfejkX [\ cX \jZi`kliX gÂ’Yc`ZX
fkfi^X[X \c )* [\ XYi`c [\ (00'# Xek\ \c EfkXi`f ;„Z`df J„gk`df [\c ZXe$ kÂ?e Hl`kf# ;i% E\cjfe >XcXiqX GXq# [\Y`[Xd\ek\ `ejZi`kX \e \c I\^`jkif [\ cX Gifg`\[X[ [\c ZXekÂ?e D\aˆX \c (. [\ dXpf (00'% J\ XZcXiX hl\ cX j\ÂŒfiX AXZfYX IfjX :Xc[\iÂ?e DXikˆe\q# \e ]fidX c`Yi\ p mfclekX$ i`X jlYif^X cX j\^le[X _`gfk\ZX p jlYj`jk\ cX gif_`Y`Z`Â?e [\ \eXa\eXi# gfi fYiXj [\ `e]iX\jkilZkliX X ]Xmfi [\c @% Dle`Z`g`f [\ D\aˆX [\c cfk\ E%$ */% HL@EK8%$ J\ [\aX \ogi\jX ZfejkXeZ`X hl\ cfj mXcfi\j [\ cfj `edl\Yc\j hl\ j\ X[al[`ZXe X ZX[X leX [\ cXj gXik\j k`\e\e `[„ek`Zf mXcfi [\ [`\q d`c [Â?cXi\j [\ cfj <jkX[fj Le`[fj [\ Efik\ 8d„i`ZX LJ;% ('%'''#ff ZX[X lef# j`e hl\ gfi Zfej`^l`\ek\ \o`jkXe e` j\ gif[lqZX i\]le[`Z`fe\j# gfi cf hl\ cXj gXik\j ZfdgXi\Z`\ek\j# \jk`gl$ cXe hl\ cX ZlXekˆX [\ cX gi\j\ek\ \jZi`kliX \j cX ZXek`[X[ [\ M<@EK< D@C ;äC8I<J ;< CFJ <JK8;FJ LE@;FJ ;< EFIK< 8DyI@:8 LJ;% )'%'''#ff % J<OK8%$ :fdf [\ _\Z_f cfj ZfdgXi\Z`\ek\j _Xe m\e`$ [f k\e`\e[f cX X[d`e`jkiXZ`Â?e j\gX$ iX[X [\ cfj Y`\e\j `edl\Yc\j hl\ _fp j\ X[al[`ZXe# dXe`]`\jkXe hl\ e`e^Â’e i\ZcXdf k`\e\ hl\ _XZ\ij\ dlklXd\ek\ gfi Xhl\ccX X[d`e`j$ kiXZ`Â?e j\gXiX[X p Xek\j Xc ZfekiXi`f iXk`]`ZXe cX c`hl`[XZ`Â?e p gXik`Z`Â?e gfi d\[`f [\ cXj Zc}ljlcXj hl\ Xek\$ Z\[\e% JyGK@D81 JL9IF>8:@äE ;< C8 ?@GFK<:8%$ Gi\j\ek\ cfj j\ÂŒfi\j1 8Yf^X[f <[n`e ;Xm`[ P}e\q :XcmXZ_` p ;i% D`^l\c Ă?e^\c JXe[fmXc FYXe[f# \e jlj ZXc`[X[\j [\ 8cZXc[\ p GifZliX[fi Jˆe[`Zf i\jg\Zk`mXd\ek\ [\c @% Dle`Z`g`f [\ D\aˆX p Zfdf kXc I\gi\j\ekXek\j c\^Xc\j [\c d`jdf# Zfe]fid\ X cfj efdYiXd`\ekfj hl\ cf XZi\[`kXe p hl\ j\ X[alekXe# dXe`]`\jkXe p [\ZcXiXe hl\ XZ\gkXe cX jlYif^X$ Z`Â?e [\ cX J\^le[X ?`gfk\ZX p jlY$ j`jk\ cX Gif_`Y`Z`Â?e [\ \eXa\eXi# gfi fYiXj [\ `e]iX\jkilZkliX X ]Xmfi [\c @% Dle`Z`g`f [\ D\aˆX# [\ cfj cfk\j E%$ */ p *0# p Xlkfi`qXe cX c`hl`[XZ`Â?e [\ cX jfZ`\[X[ Zfepl^Xc p gXik`Z`Â?e [\ cfj Y`\e\j ZfejkXek\ \e cX \jZi`kliX gÂ’Yc`ZX fkfi^X[X \c m\`ek\ p ki\j [\
REPUBLICA DEL ECUADOR SUPERINTENDENCIA DE COMPAÑIAS
EXTRACTO DE LA ESCRITURA PĂšBLICA DE AMPLIACIĂ“N DEL OBJETO SOCIAL Y REFORMA DE ESTATUTOS DE INGENIERIA Y DESARROLLO DE SISTEMAS INDESIS CIA.LTDA Se comunica al pĂşblico que INGENIERIA Y DESARROLLO DE SISTEMAS INDESIS CIA.LTDA.reformo sus estatutos por escritura publica otorgada ante el Notario Trigesimo Primero del Distrito Metropolitano de Quito Metropolitano de Quito el 9 de febrero de 2011. Acto societario aprobado por la Superintendencia de CompaĂąĂas, mediante Resolucion No SC.IJ.DJCPTE.Q.11.000622 de 10 de febrero de2011. En virtud de la escritura publica mencionada, la compaĂąĂa reforma el articulo tercero del Estatuto Social, referente al objeto social, de la siguiente ,manera: ARTICULO TERCERO.- La CompaĂąĂa tiene por objeto :a).- La elaboraciĂł, diseĂąo y planificaciĂłn del sistema de informaciĂłn geografica , b).-El servicio, capacitacion, desarrollo implementacion de Sistemas GIS, SAS Y GPS para petroleo, minera, adinistracion , manejo de bodegas... D. M. de Quito, 10 de febrero de 2011 Dr. Marcelo Ponce INTENDENTE DE COMPAĂ‘IAS DE QUITO
XYi`c [\ d`c efm\Z`\ekfj efm\ekX# Xek\ \c EfkXi`f ;„Z`df J„gk`df [\c ZXekÂ?e Hl`kf ;i% E\cjfe >XcXiqX GXq# c\^Xcd\ek\ `ejZi`kX \c [`\Z`j`\k\ [\ dXpf [\c d`jdf XÂŒf2 p# fkfi^X[X \c *( [\ dXpf [\ (00+# \e cX EfkXiˆX (- [\c :XekÂ?e Hl`kf c\^Xcd\ek\ `ejZi`kX \c )- [\ fZklYi\ [\c d`jdf XÂŒf% F:K8M8%$ CFJ >8JKFJ%$ Kf[fj cfj ^Xjkfj hl\ [\dXe[\ \jkX \jZi`kl$ iX gÂ’Yc`ZX# j\i} gfi Zl\ekX [\ cfj ZfdgXi\Z`\ek\j \e gXik\j `^lX$ c\j% EFM<E81 8:<GK8:@äE%$ Cfj ZfdgXi\Z`\ek\j# dXe`]`\jkXe \e ]fidX ZcXiX p gi\Z`jX jl XZ\gkX$ Z`Â?e \ogi\jX# [\ kf[f cf XZfi[X[f p \jk`glcX[f \e kf[Xj cXj Zc}ljlcXj `ej\ikXj \e \c gi\j\ek\ ZfekiXkf gfi j\i c`Yi\ p \jgfek}e\X i\jfclZ`Â?e [\ cfj fkfi^Xek\j% GIFM@;<E:@81 ALQ>8;F ;y:@DF HL@EKF ;< CF :@M@C ;< G@:?@E:?8% DXZ_XZ_`# X )0 [\ fZklYi\ [\c )'('% CXj (+_)'% M`jkfj1 8mfZf ZfefZ`d`\ekf [\ cX gi\j\ek\ ZXljX \e d` ZXc`[X[ [\ Al\q K`klcXi [\ \jkX Al[`ZXkliX# c\^Xcd\ek\ gfj\j`feX[f% <e cf gi`eZ`gXc# cX [\dXe[X [\ XgifYX$ Z`Â?e [\ cX c`hl`[XZ`Â?e [\ cX JfZ`\[X[ :fepl^Xc gi\j\ekX[X gfi cfj XZZ`f$ eXek\j# gfi ZcXiX p Zfdgc\kX# i\Â’e\ cfj i\hl`j`kfj [\ C\p# iXqÂ?e gfi cX hl\ j\ cX XZ\gkX Xc ki}d`k\ \jg\$ Z`Xc Zfii\jgfe[`\ek\% GlYcˆhl\j\ gfi leX jfcX m\q le \okiXZkf [\ cX \jZi`kliX gÂ’Yc`ZX [\ C`hl`[XZ`Â?e [\ cX JfZ`\[X[ :fepl^Xc \eki\ cfj g\k`$ Z`feXi`fj ?„Zkfi =XY`}e MXc\eZ`X M`qZXˆef p AXZfYX IfjX :Xc[\iÂ?e DXikˆe\q# \e lef [\ cfj [`Xi`fj [\ dXpfi Z`iZlcXZ`Â?e hl\ j\ \[`kXe \e cX Z`l[X[ [\ Hl`kf# Zfe]fid\ cf gi\jZi`kf \e \c 8ik% /(0 [\c :Â?[`^f [\ GifZ\[`d`\ekf :`m`c p /) [\c d`jdf Zl\igf [\ C\p\j% :l„ek\j\ \e cX gi\j\ek\ ZXljX Zfe \c j\ÂŒfi 8^\ek\ =`jZXc ;`jki`kXc [\ G`Z_`eZ_X# X hl`\e j\ c\ Z`kXi} \e c\^Xc p [\Y`[X ]fidX p j\ [`^eXi} \d`k`i jl Zi`$ k\i`f Xc i\jg\Zkf% 8^i„^l\j\ X cfj Xlkfj cX [fZld\ekXZ`Â?e X[alekX[X X cX [\dXe[X% K„e^Xj\ gi\j\ek\ cX ZlXekˆX ]`aX[X# cX Xlkfi`qXZ`Â?e Zfe]\i`[X Xc ;i% DXli`Z`f >l\mXiX# \c ZXj`cc\if Ef% ), j\ÂŒXcX[f gXiX cXj efk`]`ZXZ`fe\j gfjk\i`fi\j%
Efk`]ˆhl\j\% =% ;i% Afi^\ ;lhl\ >iXeaX# Al\q ;„Z`df Hl`ekf [\ cf :`m`c [\ G`Z_`eZ_X% Cf hl\ gfe^f \e ZfefZ`d`\ekf [\c g’Yc`Zf \e ^\e\iXc gXiX cfj ]`e\j [\ c\p%$ :\ik`]`Zf% ;i% NXj_`e^kfe Dfc`eX M% J<:I<K8I@F ;<C ALQ>8;F (, ;< CF :@M@C ;< G@:?@E:?8 ?Xp le j\ccf 8:&./'**&ZZ
M8I@FJ I<Gè9C@:8 ;<C <:L8;FI ALQ>8;F K<I:<IF ;< CF :@M@C ;< G@:?@E:?8 :@K8:@äE AL;@:@8C :ˆkXj\ Zfe \c j`^l`\ek\ \okiXZkf [\c Al`Z`f M\iYXc JldXi`f Ef%(-*)$ )'('$J%8% X DPI@8D ;<C IF:@F DFJHL<I8 E8I8EAF# Zlpf \okiXZkf \j \c j`^l`\ek\1 8:KFI1 AXZfYf M`Z\ek\ Gfjjf If[iˆ^l\q ;<D8E;8;81 Dpi`Xd [\c IfZˆf Dfjhl\iX EXiXeaf :C8J< ;< AL@:@F1 M\iYXc JldXi`f Ef%(-*)$)'('$J%8% F9A<KF ;< C8 ;<D8E;81 :fYif [\ [`e\if GIFM@;<E:@81 CX hl\ j`^l\1 ALQ>8;F K<I:<IF ;< CF :@M@C ;< G@:?@E:?8% Hl`kf# al\m\j ). [\ \e\if [\c )'((# cXj (-_(-% M@JKFJ1 CX [\dXe[X hl\ gi\j\ekX A8:F9F M@:<EK< GFJJF IF;I@>L<Q \e ZfekiX [\ DPI@8E ;<C IF:@F DFJHL<I8 E8I8EAF# j\ cX XZ\g$ kX Xc ki}d`k\ Zfii\jgfe[`\ek\ gfi cX mˆX M\iYXc JldXi`X gi\m`jkX \e cX J\ZZ`Â?e )* 8ikj% /)/ p j`^l`\e$ k\j [\c :Â?[`^f [\ GifZ\[`d`\ekf :`m`c%$ 8k\ekX cX Xj\m\iXZ`Â?e aliX$ d\ekX[X [\c [\dXe[Xek\ i\jg\Z$ kf X cX `dgfj`Y`c`[X[ [\ [Xi Zfe \c [fd`Z`c`f f i\j`[\eZ`X [\ cX [\dXe[X[X# Zˆk\j\ gfi cX gi\ejX X DPI@8D ;<C IF:@F DFJHL<I8 E8I8EAF# Zfe le \okiXZkf [\ cX [\dXe[X p \jk\ Xlkf gfi cX gi\ejX \e lef [\ cfj g\i`Â?[`Zfj [\ dXpfi Z`iZlcXZ`Â?e hl\ j\ \[`kXe \e \jkX Z`l[X[%$ 8^i„^l\j\ X cfj Xlkfj cfj [fZld\ekfj gi\j\ekX[fj p efk`]ˆ$ hl\j\ Xc [\dXe[Xek\ \e cX ZXj`ccX
al[`Z`Xc **'/%$ EFK@=@HL<J< ;I% ALC@F :<J8I 8DFI<J IF98C@EF AL<Q Cf hl\ Zfdle`Zf p c\ Z`kf X ljk\[ gXiX cfj ]`e\j c\^Xc\j Zfej`^l`\ek\j# gi\m`e`„e[fc\ [\ cX fYc`^XZ`Â?e hl\ k`\e\ [\ j\ÂŒXcXi ZXj`cc\if al[`Z`Xc \e \jkX Al[`ZXkliX gXiX i\Z`Y`i jlj gfjk\i`fi\j efk`]`ZXZ`fe\j% ;i% Afi^\ GXcXZ`fj ?% J<:I<K8I@F ALQ>8;F K<I:<IF ;< CF :@M@C ;< G@:?@E:?8 ?Xp le j\ccf 8I&(++()&ZZ ALQ>8;F J<OKF ;< CF :@M@C ;< G@:?@E:?8 8M@JF AL;@:@8C :Ă K8J< :FE <C J@>L@<EK< <OKI8:KF ;< ;<D8E;8 ;< @EM<EK8I@FJ# X CFJ ?<I<;<IFJ GI<JLEKFJ P ;<J:FEF:@;FJ [\ :I@JKF98C J@CM8 >I8EA8# Zlpf \okiXZkf \j \c j`^l`\ek\1 8:KFI<J1 >CFI@8 K<I<J8# IF;I@>F 8EKFE@F# ILK? 8E><C@:8# M@:KFI ?L>F# D@CKFE :I@JKF98C# EFID8 AL;@K?# < @M8E ;8I@F J@CM8 8CK8D@I8EF ;<D8E;8;FJ1 N8CK<I <C@8J# D8I@8 D8>;8C<E8# P FI=8 CL:@8 J@CM8 8CK8D@I8EF AL@:@F1 @EM<EK8I@FJ EÂ’d\if1 (.)($)'(' <;N@E :<M8CCFJ F9A<KF ;< C8 ;<D8E;8 @EM<EK8I@8I P 8M8CL8I 9@<E<J JL:<JFI@FJ GIFM@;<E:@81 ALQ>8;F J<OKF ;< CF :@M@C ;< G@:?@E:?8%$ Hl`kf# cle\j '* [\ \e\if )'((# cXj (*_,)%$ M@JKFJ1 CX [\dXe[X [\ ]XZZ`Â?e [\ `em\e$ kXi`fj hl\ gi\j\ekXe1 >CFI@8 K<I<J8# IF;I@>F 8EKFE@F# ILK? 8E>yC@:8# M@:KFI ?L>F# D@CKFE :I@JKä98C# EFID8 AL;@K? < @MĂ?E ;8IĂ F J@CM8 8CK8D@I8EF2 i\Â’e\ cfj i\hl`j`$ kfj c\^Xc\j2 \e Zfej\Zl\eZ`X# j\ cX XZ\gkX X ki}d`k\ Zfii\jgfe[`\ek\ \jkXYc\Z`[f \e cX j\ZZ`Â?e .Âą# Kˆklcf @@# 8ikj% -)0 p j`^l`\ek\j [\c :Â?[`^f [\ GifZ\[`d`\ekf :`m`c% :fdf [\
REPUBLICA DEL ECUADOR SUPERINTENDENCIA DE COMPAÑIAS
EXTRACTO DE LA ESCRITURA PĂšBLICA DE CAMBIO DE NOMBRE DE INMOBILIARIA SAN BENJAMIN S.A. por el de INMOBILIARIA & PISCICOLA SAN BENJAMIN S.A., Y REFORMA DE ESTATUTOS 1. ANTECEDENTES.- La compaĂąĂa INMOBILIARIA SAN BENJAMIN S.A., se constituyĂł mediante escritura pĂşblica otorgada ante el Notario PĂşblico del cantĂłn Quijos, provincia del Napo, el 20 de febrero de 1981, aprobada mediante ResoluciĂłn No. 10153 de 26 de marzo de 1981, e inscrita en el Registro Mercantil del Distrito Metropolitano de Quito el 31 de marzo de 1981. 2. CELEBRACIĂ“N Y APROBACIĂ“N.- La escritura pĂşblica de cambio de nombre de INMOBILIARIA SAN BENJAMIN S.A. por el de INMOBILIARIA & PISCICOLA SAN BENJAMIN S.A., y reforma de estatutos, otorgada el 21 de Diciembre de 2010 ante el Notario Noveno del Distrito Metropolitano de Quito, fue aprobada por la Superintendencia de CompaĂąĂas, mediante ResoluciĂłn No. SC.IJ.DJC.Q.11.000771 de 18 de Febrero de 2011. 3.- OTORGANTE.- Comparece al otorgamiento de la escritura pĂşblica antes mencionada, el seĂąor MALDONADO FIALLO GERMAN PATRICIO en su calidad de GERENTE GENERAL, de nacionalidad ecuatoriana, de estado civil casado y domiciliado en el Distrito Metropolitano de Quito. 4. CAMBIO DE NOMBRE, REFORMA DE ESTATUTOS Y PUBLICACIĂ“N.- La Superintendencia de CompaĂąĂas mediante ResoluciĂłn No. SC.IJ.DJC.Q.11.000771 de 18 de Febrero de 2011 aprobĂł el cambio de nombre de INMOBILIARIA SAN BENJAMIN S.A. por el de INMOBILIARIA & PISCICOLA SAN BENJAMIN S.A. y la reforma de estatutos; y, ordenĂł la publicaciĂłn del extracto de la referida escritura pĂşblica, por tres dĂas consecutivos, para efectos de oposiciĂłn de terceros respecto al cambio de nombre referido, seĂąalado en el Art. 33 de la Ley de CompaĂąĂas y Reglamento de OposiciĂłn, como acto previo a su inscripciĂłn. 5. AVISO PARA OPOSICIĂ“N.- Se pone en conocimiento del pĂşblico el cambio de nombre de INMOBILIARIA SAN BENJAMIN S.A. por el de INMOBILIARIA & PISCICOLA SAN BENJAMIN 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 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 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 escritura pĂşblica mencionada, se reforman las clĂĄusulas: Quinta.- ArtĂculo Primero y Segunda del Estatuto, referente al objeto social al que agregan lo siguiente: “CLĂ USULA QUINTA.- ESTATUTOS: ArtĂculo Primero: La compaĂąĂa se denominarĂĄ INMOBILIARIA & PISCICOLA SAN BENJAMIN S.A.â€? “CLĂ USULA SEGUNDA: OBJETO SOCIAL “... ECLOSIĂ“N, CRĂ?A, CULTIVO, EXPORTADOR E IMPORTADOR, PROCESAMIENTO DE ALIMENTOS, COMERCIALIZACIĂ“N, DISTRIBUCIĂ“N Y TRANSPORTE, A TRAVÉS DE TERCEROS AUTORIZADOS PARA EL EFECTO, DE ESPECIES BIOACUĂ TICAS, ESPECIALMENTE TRUCHAS, PREVIA AUTORIZACIĂ“N DEL Ă“RGANO COMPETENTE DE SER EL CASO;...â€? Distrito Metropolitano de Quito, 18 de Febrero de 2011 Dr. FabiĂĄn Flores Paredes INTENDENTE JURĂ?DICO SUBROGANTE
AC/78051/aav
AC/78029/cc
cX @ejZi`gZ`Â?e [\ ;\]leZ`Â?e gi\j\e$ kX[X j\ fYj\imX hl\ :I@JKä98C J@CM8 >I8EA8 _X ]Xcc\Z`[f \e „jkX Z`l[X[ \c . [\ efm`\dYi\ [\ (0/)# j\ [\ZcXiX XY`\ikX jl jlZ\j`Â?e p j\ [`jgfe\ cX ]XZZ`Â?e [\ `em\ekXi`fj [\ jlj Y`\e\j jlZ\jfi`fj% Gi\m`Xd\ek\ Zˆk\j\ Zfe le \okiXZkf [\ cX [\dXe[X p Zfe „jkX gifm`[\eZ`X X cfj _\i\[\$ ifj gi\jlekfj f [\jZfefZ`[fj gfi cX gi\ejX \e lef [\ cfj g\i`Â?[`Zfj [\ dXpfi Z`iZlcXZ`Â?e hl\ j\ \[`kXe \e „jkX Z`l[X[2 p# X cfj _\i\[\ifj ZfefZ`[fj N8CK<I <CĂ 8J J@CM8 8CK8D@I8EF# D8IĂ 8 D8>;8C<E8 J@CM8 8CK8D@I8EF P FI=8 CL:Ă 8 J@CM8 8CK8D@I8EF \e cX [`i\ZZ`Â?e gifgfiZ`feX[X gfi cfj [\dXe[Xe$ k\j% :l„ek\j\ \e cX jljkXeZ`XZ`Â?e [\ „jkX ZXljX Zfe \c J\im`Z`f [\ I\ekXj @ek\ieXj X Zlpf ;`i\Zkfi [\ cX I\^`feXc Efik\ j\ c\ efk`]`ZXi} Zfe Zfg`X [\ kf[f cf XZklX[f \e jl [\jgXZ_f% Cfj XZZ`feXek\j `e[`$ hl\e \e ki\j [ˆXj \c cl^Xi [fe[\ j\ Z`kXi} X D8IĂ 8 AFJ<=8 @JFC@E8 8CK8D@I8EF :8II@CCF M;8% ;< J@CM8%$ K„e^Xj\ Zfdf gifZliX$ [fi ZfdÂ’e [\ cfj [\dXe[Xek\j X M@:KFI ?L>F J@CM8 8CK8D@I8EF% 8^i„^l\j\ Xc gifZ\jf cfj [fZld\e$ kfj gi\j\ekX[fj p efk`]ˆhl\j\ X cfj XZZ`feXek\j \e cX ZXj`ccX al[`Z`Xc Ef% (,.%$ EFK@=Ă HL<J<%$ ] ;I% D8I@F FIK@Q <JKI<CC8%$ AL<Q GIFM@;<E:@81 ALQ>8;F J<OKF ;< CF :@M@C ;< G@:?@E:?8%$ Hl`kf# cle\j (' [\ \e\if )'((# cXj (+_(,% $ 8^i„^l\j\ Xc gifZ\jf cX XZkX [\ [\]leZ`Â?e [\ @jfc`eX 8ckXd`iXef2 j\ [\aX j`e \]\Zkf cX [`jgfj`Z`Â?e ZfejkXek\ \e gifm`$ [\eZ`X `e`Z`Xc \e \c j\ek`[f [\ hl\ j\ `e[`hl\ cX [`i\ZZ`Â?e [fd`Z`c`Xi`X [\ cX efdYiX[X ZÂ?epl^\ [\c ZXljXe$ k\%$ EFK@=@HL<J<%$ ] ;I% D8I@F FIK@Q <JKI<CC8%$ AL<Q Cf hl\ Zfdle`Zf p c\j Z`kf X ljk\[ gXiX cfj ]`e\j c\^Xc\j Zfej`^l`\e$ k\j%$ GXiX i\Z`Y`i jlj gfjk\i`fi\j efk`]`ZXZ`fe\j# jˆimXj\ j\ÂŒXcXi cX ZXj`ccX al[`Z`Xc [\ le 8Yf^X[f Zfdf [`jgfe\ cX C\p%$ ;I% <;N@E :<M8CCFJ 8DGL;@8 J<:I<K8I@F ?Xp le j\ccf 8I&/(.(.&ZZ EFK8IĂ 8 KI@>yJ@D8 EFM<E8 <OKI8:KF EFK8IĂ 8 KI@>yJ@D8 EFM<E8 ;<C :8EKäE HL@KF1 :Â’dgc\d\ gfe\i \e ZfefZ`d`\ekf [\c gÂ’Yc`Zf# hl\ d\[`Xek\ \jZi`kliX gÂ’Yc`ZX fkfi^X[X \c el\m\ [\ ]\Yi\if [\c [fj d`c feZ\# Xek\ \c jljZi`kf EfkXi`f Ki`^„j`df Efm\ef [\c ZXekÂ?e Hl`kf# ;fZkfi =\ieXe[f 8ii\^l` 8^l`ii\# cfj j\ÂŒf$ i\j D8I@8 AFJJ< 8C8I:äE G@EKF
P AL8E AFJ< =I<J8E 98:8# gif$ Z\[`\ife X c`hl`[Xi \c gXki`dfe`f [\ cX jfZ`\[X[ Zfepl^Xc hl\ dXek\eˆXe ]fidX[X# cX d`jdX hl\ ]l\iX [`jl\ckX d\[`Xek\ 8ZkX EfkXi`Xc fkfi^X[X \c ki\Z\ [\ j\gk`\dYi\ [\c [fj d`c [`\q# Xek\ \c EfkXi`f Ki`^„j`df Efm\ef [\c ZXekÂ?e Hl`kf# p [\Y`[Xd\ek\ `ejZi`kX \e \c I\^`jkif :`m`c% CX X[al[`ZXZ`Â?e [\c gXki`dfe`f j\ \eZl\ekiX [\kXccX[X \e \c k\okf [\ cX i\]\i`[X \jZi`kliX gÂ’Yc`ZX [\ C`hl`[XZ`Â?e [\ cX jfZ`\[X[ Zfe$ pl^Xc# gfi cf hl\ \e Xgc`ZXZ`Â?e X cf [`jgl\jkf \e \c 8ik% - [\ cX C\p I\]fidXkfi`X X cX C\p EfkXi`Xc# glYc`ZX[X \e \c I\^`jkif F]`Z`Xc Ef% +'- [\ )/ [\ efm`\dYi\ [\c )''-# hl\ X jl m\q i\]fidX \c 8ik% (/ [\ cX C\p EfkXi`Xc X^i\^Xe[f mXi`fj eld\iXc\j# \eki\ cfj ZlXc\j \c eld\iXc M\`ek`ki„j ]XZlckX Xc EfkXi`f gifZ\[\i X cX c`hl`[XZ`Â?e [\ cX jfZ`\[X[ Zfepl^Xc gi\m`f Xc ki}$ d`k\ gi\m`jkf \e [`Z_X efidX c\^Xc2 Xc \]\Zkf gfe^f \e ZfefZ`d`\ekf [\c gÂ’Yc`Zf# gfi leX jfcX m\q# \c \okiXZkf [\ cX c`hl`[XZ`Â?e [\c gXki`dfe`f [\ cX jfZ`\[X[ Zfepl^Xc Zfii\jgfe$ [`\ek\ X cfj j\ÂŒfi\j D8I@8 AFJJ< 8C8I:äE G@EKF P AL8E AFJ< =I<J8E 98:8# fkfi^X[X d\[`Xek\ \jZi`kliX gÂ’Yc`ZX Z\c\YiX[X \e \jkX EfkXi`X \c el\m\ [\ ]\Yi\if [\c [fj d`c feZ\# X ]`e [\ hl\# cXj g\ijfeXj hl\ \m\eklXcd\ek\ klm`\i\e `ek\i„j \e \jkX c`hl`[XZ`Â?e gl\[Xe gi\$ j\ekXi jl fgfj`Z`Â?e ]le[Xd\ekX[X [\ekif [\c k„id`ef [\ m\`ek\ )' [ˆXj X ZfekXij\ [\j[\ cX ]\Z_X [\ cX glYc`ZXZ`Â?e [\ \jk\ \okiXZkf% GXik`ZlcXi hl\ gfe^f \e ZfefZ`$ d`\ekf gXiX cfj ]`e\j c\^Xc\j Zfii\j$ gfe[`\ek\j% Hl`kf# (+ [\ ]\Yi\if [\c )'((% ;i% =\ieXe[f 8ii\^l` 8^l`ii\ EFK8I@F KI@>yJ@DF EFM<EF ;<C :8EKäE HL@KF 8I&/(.)+&ZZ I<Gè9C@:8 ;<C <:L8;FI <OKI8:KF M@JKF 9L<EF E f */+-$)'(($9: 8:KFI1 @M8E IF;I@>F C<FE E@<KF 8::@FE8;81 ?<:KFI ;8M@; D8;I@; G8C8:@FJ :8LJ8C1 ( ;<C 8IK% (.) :ä;@>F ;<C KI898AF% ;\ekif [\c Ki}d`k\ [\ M`jkf 9l\ef E— */+-$)'(($9:# gi\j\ekX[f gfi \c j\ÂŒfi X @M8E IF;I@>F C<FE E@<KF# \e jl ZXc`[X[ [\ <dgc\X[fi X # \e ZfekiX [\c j\ÂŒfi X ?<:KFI ;8M@; D8;I@; G8C8:@FJ# \e jl ZXc`[X[ [\ kiXYXaX[fi X # j\ _X [`Z$ kX[f cf hl\ j`^l\1 @EJG<::@äE ;<C KI898AF ;< G@:?@E:?8%$ Hl`kf# )( [\ ]\Yi\if
[\c )'((# X cXj (,?*)%$ <e d„i`kf [\c jfik\f [\ c\p hl\ Xek\Z\[\# XmfZf ZfefZ`d`\ekf [\ cX jfc`Z`kl[ [\ M`jkf 9l\ef E— */+-$)'(($9:# gi\j\ekX[f gfi \c j\ÂŒfi X @M8E IF;I@>F C<FE E@<KF# \e jl ZXc`$ [X[ [\ <dgc\X[fi X # \e ZfekiX [\c j\ÂŒfi X ?<:KFI ;8M@; D8;I@; G8C8:@FJ# \e jl ZXc`[X[ [\ kiXYXaX$ [fi2 cX d`jdX hl\ gfi j\i [\ c\p j\ cX XZ\gkX Xc ki}d`k\%$ <e cf gi`eZ`gXc X^i„^l\j\ \c \jZi`kf gi\j\ekX[f p Xk\e[`\e[f Xc d`jdf j\ [`jgfe\1 ( <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 d\[`Xek\ ki\j glYc`ZXZ`fe\j \e lef [\ cfj g\i`Â?[`Zfj [\ Xdgc`X Z`iZlcXZ`Â?e# [\ Zfe]fid`[X[ X cf [`j$ gl\jkf \e \c 8ik% /) [\c :Â?[`^f [\ GifZ\[`d`\ekf :`m`c# gfi ZlXekf \c \dgc\X[fi YXaf aliXd\ekf [\ZcXiX [\jZfefZ\i \c [fd`Z`c`f [\c XZZ`feX$ [f# X hl`\e j\ c\ ZfeZ\[\ \c k\id`ef [\ m\`ek\ [ˆXj gXiX hl\ Zfek\jk\ p j\ÂŒXc\ ZXj`cc\if al[`Z`Xc gXiX ]lkliXj efk`]`ZXZ`fe\j% GXiX kXc \]\Zkf \eki„$ ^l\j\ \c Zfii\jgfe[`\ek\ \okiXZkf% ) KÂ?d\j\ \e Zl\ekX \c ZXj`cc\if al[`Z`Xc j\ÂŒXcX[f gfi \c XZkfi p cX Xlkfi`qXZ`Â?e fkfi^X[X Xc gif]\j`f$ eXc [\c [\i\Z_f hl\ jljZi`Y\ \e cX gi\j\ek\ ZXljX%$ EFK@=@HL<J<%$ ] 8Y^% 9Xpife :XYi\iX C\dX% Cf hl\ Zfdle`Zf gXiX cfj ]`e\j [\ C\p% 8Y% 9Xpife :XYi\iX @EJG<:KFI ;< KI898AF ;< G@:?@E:?8 ?Xp le j\ccf 8I&/(.*.&ZZ <OKI8:KF AL;@:@8C 8:KFI1 M@:KFI D8EL<C <JKI<CC8 :FI;FM8 ;<D8E;8;F1 DPI@8D :FCFD8 KIĂ?D@K<1 AMJ1 -'*$)''0Ç E@:FC8J :L<M8 =LE;8D<EKF C<>8C1 8IK% *' C`k\iXc X p \ A L Q>8 ; F G I @ D < IF ; < @EHL@C@E8KF P I<C8:@FE<J M<:@E8C<J ;< G@:?@E:?8% Hl`kf# cle\j (' [\ \e\if [\c )'((# cXj (+_,*% 8^i„^l\j\ Xc gifZ\jf \c \jZi`kf p [fZld\ekfj gi\j\ekX[fj% ;\ Zfe]fid`[X[ Zfe \c 8ik% /* [\c :Â?[`^f [\ GifZ\[`d`\ekf :`m`c p [\ cX gXik`[X [\ [\]leZ`Â?e# j\ [`jgfe\ efk`]`ZXi X cfj _\i\[\ifj gi\jlekfj p [\jZfefZ`[fj [\c j\ÂŒfi M@:KFI D8EL<C <JKI<CC8 :FI;FM8# d\[`Xek\ leX jfcX glYc`ZXZ`Â?e \e cX ]fidX p Zfe cfj \]\Zkfj j\ÂŒXcX$ [fj gfi \c 8ik% /) [\ d`jdf Zl\igf c\^Xc% CX glYc`ZXZ`Â?e Zfek\e[i} Â’e`ZXd\ek\ le \okiXZkf [\ Xhl\ccX%
REPUBLICA DEL ECUADOR SUPERINTENDENCIA DE COMPAÑIAS
BW Wc_ijWZ fkhW iWX[ Z[ fbWY[h[i gk[ dkdYW feZh|d ]epWh bWi WbcWi c[Z_eYh[i$ B7 8HKOĂ?H; EFK@=Ă HL<J<% ;I% ?L>F M@K<I@ GFC@K J<:I<K8I@F ?Xp le j\ccf 8I&/(.*0&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 CL:ĂŁ8 <JG<I8EQ8 G8I;F JFKF 8:KFI1 DXel\c D\jˆXj G`\[iX >feq}c\q% AL@:@F EIF% '(,- Æ )'((Æ <>% KI8D@K<1 M<I98C JLD8I@F% :L8EKĂ 81 @e[\k\id`eX[X% =LE;8D<EKF C<>8C1 8ik% ((' eld\iXc (( [\c :Â?[`^f :`m`c% 89F>8;F ;<=<EJFI1 ;i% >l`cc\idf EXim}\q% :8J@CC8 AL;@:@8C *',) :%8%G% ALQ>8;F ;<:@DF ;< CF :@M@C ;< G@:?@E:?8%$ Hl`kf# m`\ie\j [`\Z`fZ_f [\ ]\Yi\if [\ )'((# cXj ('_*)%$ M@JKFJ%$ M@JKFJ%$ 8mfZf ZfefZ`d`\ekf \e ZXc`[X[ [\ al\q k`klcXi% <e cf gi`eZ`gXc cX [\dXe[X hl\ Xek\Z\[\ \j ZcXiX p i\Â’e\ cfj i\hl`j`kfj [\ C\p# gfi cf hl\ [\ZcX$ i}e[fj\cX gifZ\[\ek\ j\ cX XZ\gkX Xc ki}d`k\ m\iYXc jldXi`f%$ <e d„i`kf Xc aliXd\ekf hl\ k`\e\ i\e[`[f \c j\ÂŒfi DXel\c D\jˆXj G`\[iX >feq}c\q p [\ Zfe]fid`[X[ Zfe \c 8ik% /) [\c :Â?[`^f [\ GifZ\[`d`\ekf :`m`c# j\ fi[\eX hl\ j\ Z`k\ X cX [\dXe[X$ [X j\ÂŒfiX ClZˆX <jg\iXeqX GXi[f Jfkf# d\[`Xek\ glYc`ZXZ`fe\j gfi cX gi\ejX \e lef [\ cfj [`Xi`fj [\ dXpfi Z`iZlcXZ`Â?e [\ \jkX Z`l[X[ [\ Hl`kf Xjˆ Zfdf \e \c cl^Xi [\c dXki`dfe`f# [\ Zfe]fid`[X[ Zfe cf [`jgl\jkf \e \c 8ik% /) [\c :Â?[`^f [\ GifZ\[`d`\ekf :`m`c%$ K„e^Xj\ \e Zl\ekX \c ZXj`cc\if al[`Z`Xc# j\ÂŒXcX[f Xjˆ Zfdf cX Xlkfi`qXZ`Â?e Zfe]\i`[X X jl 8Yf^X[f ;\]\ejfi%$ :ˆk\j\ p Efk`]ˆhl\j\%$ 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`Â?e hl\ k`\e\ \e j\ÂŒXcXi 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 :fejkX j\ccf p ]`idX 8:&./',*&XXm
I% [\c <% ALQ>8;F ;<:@DF GI@D<IF ;< CF :@M@C ;< G@:?@E:?8
EXTRACTO
<OKI8:KF :@K8:@äE AL;@:@8C G8I81 G8KI@:@F N@C9<IKF J@;<C KFII<J P N8J?@E>KFE ><FM8EE@ J@;<C
DE LA ESCRITURA PĂšBLICA DE FUSIĂ“N POR ABSORCIĂ“N DE TECNICOS ECUATORIANOS ASOCIADOS TEA S.A. (ABSORBENTE) CON AGROTEA S.A, (ABSORBIDA); AUMENTO DE CAPITAL POR EFECTO DE LA FUSION; Y, REFORMA DE ESTATUTOS DE LA COMPAĂ‘Ă?A ABSORBENTE Se comunica al pĂşblico que TECNICOS ECUATORIANOS ASOCIADOS TEA se fusionĂł con AGROTEA S.A.; aumentĂł su capital por efecto de a fusiĂłn en USD $ 2.850,00; y, reformĂł sus estatutos, por escritura pĂşblica otorgada ante el Notario TrigĂŠsimo Sexto del Distrito Metropolitano de Quito el 1 de junio del 2010, fue aprobada por la Superintendencia de CompaĂąĂas, mediante ResoluciĂłn No. SC.IJ.DJCPTE.Q.11.000746 de 17 de febrero de 2011. DATOS DE LA COMPAĂ‘Ă?A ABSORBENTE: TECNICOS ECUATORIANOS ASOCIADOS TEA S.A. 1.- LUGAR Y FECHA DE LA ESCRITURA DE CONSTITUCIĂ“N: Quito, 26 de diciembre de 1974. FECHA DE SU INSCRIPCION EN EL REG. MERCANTIL: 21 de marzo de 1975 2.- DOMICILIO PRINCIPAL: QUITO, PICHINCHA 3.- DURACIĂ“N: Hasta el 17 de marzo de 2037 4.- CAPITAL: Suscrito USD $ 90.850,00 dividido en 90.850 acciones de USD $ 1,00 cada una. 5.- OBJETO: Su actividad predominante es: Estudio, planificaciĂłn, fiscalizaciĂłn, asesorĂa, tĂŠcnica de obras de ingenierĂa y arquitectura.. 6.- ADMINISTRACIĂ“N Y REPRESENTACIĂ“N LEGAL: La CompaĂąĂa estĂĄ administrada por Presidente, Vicepresidente, Gerente General y Gerentes Seccionales. El representante legal es el Gerente. Distrito MetropĂłlitano de Quito, 17 de febrero de 2011
KFII<J AL@:@F1 (-(/ $)''0 $ :FCLJFI@F 8:KFI1 8C=I<;F J@;<C M8C<E:@8% ;<D8E;8;F1 8C=FEJF J@;<C M8C<E:@8# E<CJFE ?L>F J@;<C KFII<J# G8KI@:@F N@C9<IKF J@;<C KFII<J# AFI>< J@;<C KFII<J# N8J?@E>KFE ><FM8EE@ J@;<C KFII<J P AL8E 8C9<IKF J@;<C KFII<J# GFI JLJ GIFG@FJ ;<I<:?FJ P GFI CFJ ;<C D<EFI ;8M@; 8C<A8E;IF J@;<C D8;I@;% F9A<KF1 :fe ]le[Xd\ekf \e cfj 8ikj# (#)#*#+ p . p dXj g\ik`e\ek\j [\ cX C\p gXiX \c Alq^Xd`\ekf [\ cX :fclj`�e j\ [\dXe[X cX 8ZZ`�e :fcljfi`X \e ZfekiX [\ cfj [\dXe$ [X[fj% KI8D@K<1 <JG<:@8C :L8EK@81 :@<E D@C ;FC8I<J ;< CFJ <JK8;FJ LE@;FJ ;< 8D<I@:8% 89F>8;F G8KIF:@E8;FI1 8Y% =i\[[p 9\eXm`[\j# :Xj`cc\if Ef% **.+% GIFM@;<E:@8%$ ALQ>8;F ;<:@DF GI@D<IF ;< CF :@M@C ;< G@:?@E:?8% HL@KF# )/ [\ \e\if [\c )'('# cXj '0_,+%$ M@JKFJ%$ <e cf gi`eZ`gXc# cX [\dXe$ [X hl\ Xek\Z\[\# \j ZcXiX Zfdgc\kX p i\’e\ cfj [\d}j i\hl`j`kfj [\ C\p# gfi cf hl\ [\ZcXi}e[fcX gif$ Z\[\ek\ j\ cX XZ\gkX Xc ki}d`k\ \jg\Z`Xc \jkXYc\Z`[f \e cX C\p gXiX \c Alq^Xd`\ekf [\ cX :fclj`�e# \e ZfeZfi[XeZ`X Zfe \c eld\iXc - [\ cXj ;`jgfj`Z`fe\j I\]fidXkfi`Xj p ;\if^Xkfi`Xj [\c :�[`^f Fi^}e`Zf [\ cX =leZ`�e Al[`Z`Xc%$<e Zfej\$ Zl\eZ`X# Zˆk\j\ Zfe \c Zfek\e`[f [\ cX [\dXe[X p gi\j\ek\ gifm`[\eZ`X X cfj [\dXe[X[fj1 8c]fejf J`[\c MXc\eZ`X \e cX [`i\ZZ`�e j\ŒXcX$ [X gXiX \c \]\Zkf [\ cX Z`l[X[ [\ JXekf ;fd`e^f # gifm`eZ`X [\ JXekf ;fd`e^f [\ cfj KjXZ_`cXj # d\[`Xek\ [\gi\ZXkfi`f c`YiX[f X lef [\ cfj j\Œfi\j Al\Z\j [\ cf :`m`c [\ [`Z_X gifm`eZ`X2 Xc j\Œfi E\cjfe ?l^f J`[\c Kfii\j # Xk\ekf \c aliXd\ekf i\e[`[f gfi \c XZkfi jfYi\ cX `dgfj`$ Y`c`[X[ [\ [\k\id`eXi jl `e[`m`[lXc`$ [X[ p i\j`[\eZ`X# Zˆk\j\ gfi cX gi\ejX d\[`Xek\ ki\j glYc`ZXZ`fe\j \e lef [\ cfj g\i`�[`Zfj [\ Xdgc`X Z`iZlcX$ Z`�e [\ \jkX Z`l[X[ [\ Hl`kf \e cX ]fidX Zfdf cf [\k\id`eX \c 8ik% /) [\c :�[`^f [\ GifZ\[`d`\ekf :`m`c2 p# X cfj j\Œfi\j GXki`Z`f >`cY\ikf J`[\c Kfii\j # AlXe 8cY\ikf J`[\c Kfii\j# \jk\ gfi jlj gifg`fj [\i\Z_fj p gfi cfj hl\ i\gi\j\ekX [\c d\efi ;Xm`[ 8c\aXe[if J`[\c DX[i`[# X Afi^\ J`[\c Kfii\j p NXj_`e^kfe >\fmXee` J`[\c Kfii\j \e cXj [`i\Z$ Z`fe\j j\ŒXcX[Xj gXiX \c \]\Zkf [\ \jkX Z`l[X[ [\ Hl`kf# X ]`e [\ hl\ Zfek\jk\e \c \e k„id`ef [\ j\`j [ˆXj#
REPUBLICA DEL ECUADOR SUPERINTENDENCIA DE COMPAÑIAS
EXTRACTO CONSTITUCION DE LA COMPAĂ‘Ă?A ELEKTROQUITO CIA. LTDA. La compaĂąĂa ELEKTROQUITO CIA. LTDA. se constituyĂł por escritura pĂşblica otorgada ante el Notario CuadragĂŠsimo del Distrito Metropolitano de Quito, el 26 de Enero de 2011 , fue aprobada por la Superintendenda de CompaĂąĂas, mediante ResoluciĂłn SC.JI.DJC.Q.11.000796 de 21 de Febrero 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: LA ACTIVIDAD DE IMPORTACIĂ“N, EXPORTACIĂ“N, COMERCIALIZACION EN FORMA DIRECTA O COMO DISTRIBUIDOR DE PRODUCTOS APLICABLES PARA EL SECTOR INDUSTRIAL, ELÉCTRICO, GENERACIĂ“N ELÉCTRICA, HĂ?DRICOS, TUBERĂ?A, VĂ LVULAS DE TODA CLASE, IMPLEMENTOS PARA CONDUCCIĂ“N Y PROVISIĂ“N DE AGUA, SEGURIDAD INDUSTRIAL Y RELACIONADOS... Quito, 21 de Febrero de 2011.
Dr. Marceló Ponce INTENDENTE DE COMPAÑIAS DE QUITO
Dr Oswaldo Noboa León DIRECTOR JURIDICO DE COMPAÑ�AS AC/78065/aav
AC/78050/aav
YXaf gi\m\eZ`fe\j c\^Xc\j %$;\ Zfe$ ]fid`[X[ Zfe \c 8ik% (''' [\c :�[`^f [\ GifZ\[`d`\ekf Z`m`c# `ejZiˆYXj\ cX gi\j\ek\ [\dXe[X \e \c I\^`jkif [\ cX Gifg`\[X[ [\c ZXek�e Hl`kf%$ 8^i„^l\j\ X cfj Xlkfj cfj [fZld\e$ kfj X[alekfj%$ K�d\j\ \e Zl\ekX cX ZlXekˆX p ZXj`cc\if al[`Z`Xc j\ŒXcX[f gfi \c XZkfi gXiX jlj efk`]`ZXZ`fe\j# Xjˆ Zfdf cX Xlkfi`qXZ`�e [X[X X jl XYf^X[f [\]\ejfi gXiX hl\ jljZi`$ YX cfj \jZi`kfj e\Z\jXi`fj%$ :ˆk\j\ p Efk`]ˆhl\j\% = ;I% I<PE8C;F =CFI 8CM8I8;F% AL<Q% ALQ>8;F ;<:@DF GI@D<IF ;< CF :@M@C ;< G@:?@E:?8% Hl`kf# d`„iZfc\j . [\ Alc`f [\c )'('# cXj '0_*0%$ <e cf gi`eZ`gXc# \e d„i`kf [\c aliXd\ekf i\e[`[f gfi \c XZkfi# jfYi\ cX `dgfj`Y`c`[X[ [\ [\k\id`$ eXi cX `e[`m`[lXc`[X[ p i\j`[\eZ`X [\ [fj [\ cfj [\dXe[X[fj# Zˆk\j\ Zfe le \okiXZkf [\c Zfek\e`[f [\ cX [\dXe[X# XZcXiXZ`�e X cX d`jdX # Xlkf [\ ZXc`]`ZXZ`�e# \jZi`kf gi\$ Z\[\ek\ p gi\j\ek\ gifm`[\eZ`X cfj [\dXe[X[fj1 GXki`Z`f N`cY\ikf J`[\c Kfii\j p NXj_`e^kfe >\fmXee` J`[\c Kfii\j# gfi cX gi\ejX# d\[`Xek\ ki\j glYc`ZXZ`fe\j \e le g\i`�[`Zf [\ Xdgc`X Z`iZlcXZ`�e [\ \jkX Z`l$ [X[ [\ Hl`kf p [\ Zfe]fid`[X[ Zfe cf [\k\id`eX[f gfi \c 8ik% /) [\c :�[`^f [\ GifZ\[`d`\ekf :`m`c# X ]`e [\ hl\ \e \c k\id`ef [\ hl`eZ\ [ˆXj Zfek\jk\e cX [\dXe[X# gifgfe`\e[f ZfealekXd\ek\ kf[Xj p ZX[X leX [\ cXj \oZ\gZ`fe\j [\ hl\ j\ Zi\p\i\e Xj`jk`[fj%$ :`kXZ`�e \e cX ZlXc j\ _Xi} ZfejkXi \e le d`jdf \okiXZkf Xc [\dXe[X[f E\cjfe ?l^f J`[\c Kfii\j Zfdf j\ \eZl\ekiX fi[\eX[f \e \c Xlkf `e`Z`Xc%$ Efk`]ˆhl\j\% = ;I% I<PE8C;F =CFI 8CM8I8;F% AL<Q%$ Cf hl\ cc\mf X jl ZfefZ`d`\ekf gXiX cfj ]`e\j [\ c\p# gi\m`e`„e[fc\ [\ cX fYc`^XZ`�e [\ j\ŒXcXi ZXj`cc\if al[`Z`Xc gXiX jlj efk`]`ZXZ`fe\j%$ :\ik`]`Zf% JI8% AL8E8 :<M8CCFJ >L<II8% J<:I<K8I@8% ?Xp ]`idX p j\ccf 8:&./'.*&XX
<OKI8:KF AL;@:@8C ALQ>8;F J<GK@DF ;< CF :@M@C ;< G@:?@E:?8 :@K8:@FE AL;@:@8C 81 ;@<>F 8ID8E;F :8ICFJ8D8 HL@KF 8:KFI% AFJ< <CF>@F G8I;F 8>L@II< AL@:@F% @EJFCM<E:@8 EF% (*0+$ )'(' Æ<G% KI8D@K<% <JG<:@8C :L8EK@8% @E;<K<ID@E8;8 GIFM@;<E:@81 ALQ>8;F J<GK@DF ;< CF :@M@C ;< G@:?@E:?8% M@JKFJ1 Hl`kf (/ [\ fZklYi\ [\c )'('# cXj '/*)%$ 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\ [\jgi\e[\ hl\ \c [\dXe[X[f j\ÂŒfiX ;@<>F 8ID8E;F :8ICFJ8D8 HL@KF # j\ _XccX Zfdgi\e[`[X \e cX j`klXZ`Â?e gi\jZi`kX \e \c 8ik% ,(0 [\c :Â?[`^f [\ GifZ\[`d`\ekf :`m`c# gfi cf hl\ j\ gi\jld\ jl `ejfcm\eZ`X p j\ [\ZcXiX Zfe cl^Xi Xc ZfeZlijf [\ XZi\\[f$ i\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 Zfe$ Zlijf ;i% 8ieXc[f =`Xccfj# glYcˆhl\j\ cX ]fidXZ`Â?e [\c ZfeZlijf \e lef [\ cfj [`Xi`fj [\ dXpfi Z`iZlcXZ`Â?e [\ \jkX Z`l[X[ [\ Hl`kf# fgfikleX$ d\ek\ j\ j\ÂŒXcXi} [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\jX$ i`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`j$ kiXi jlj Y`\e\j# efk`]ˆhl\j\ Xc j\ÂŒfi I\^`jkiX[fi [\ cX Gifg`\[X[ [\c ZXe$ kÂ?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# ;`i\Zkfi >\e\iXc [\ J\^li`[X[# 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 :\[lcXZ`Â?e# :fekiXcfi >\e\iXc [\c <jkX[f# EfkXiˆXj [\c ZXekÂ?e Hl`kf# Ki`YleXc Jlgi\df <c\ZkfiXc# I\^`jkif D\iZXek`c# D`e`jk\i`f [\ I\cXZ`fe\j <ok\i`fi# @<JJ# @<:<# ;`i\Zkfi [\c J\im`Z`f [\ I\ekXj @ek\ieXj# j`e g\ial`Z`f [\ \jkX [\ZcXiXkfi`X# \c [\l[fi \e \c k„id`ef [\ ki\j [ˆXj [\ j\i c\^Xcd\ek\ Z`kX[X# gf[i} fgf$ e\ij\ X cX `ejfcm\eZ`X# gX^Xe[f cX [\l[X f [`d`k`\e[f Y`\e\j jXe\X[fj p jl]`Z`\ek\j%$ :ˆk\j\ Xc [\dXe[X[f# \e \c cl^Xi j\ÂŒXcX[f gXiX \c \]\Z$ kf%$ 8^i„^l\j\ cX [fZld\ekXZ`Â?e XZfdgXÂŒX[X%$ K„e^Xj\ \e Zl\ekX \c ZXj`cc\if al[`Z`Xc j\ÂŒXcX[f gfi \c g\k`Z`feXi`f# gXiX gfjk\i`fi\j efk`]`ZXZ`fe\j hl\ c\ Zfii\jgfe$ [X%$ EFK@=@HL<J<%$ = ;I% I8LC D8I@zF ?<IEĂ?E;<Q# AL<Q% ALQ>8;F J<GK@DF ;< CF :@M@C ;< G@:?@E:?8% Hl`kf# d`„iZfc\j (0 [\ \e\if [\c )'((# cXj ('_)*%$ <e d„i`kf [\c aliXd\ekf hl\ i\Xc`qX \c XZkfi \e \c hl\ [\ZcXiX cX `dgfj`Y`c`[X[
Ĺ? ĂąĹ? Ĺ? Ĺ? Ĺ?Ä‚Ä€Ä Ä
Ĺ? +. Ĺ? ÄŒĹ? [\ [\k\id`eXi cX `e[`m`[lXc`[X[ f i\j`[\eZ`X [\c [\dXe[X[f# p [\ Zfe]fid`[X[ Zfe cf hl\ [`jgfe\ \c 8ik% /) [\c :Â?[`^f [\ GifZ\[`d`\ekf :`m`c :f[`]`ZX[f# Zˆk\j\ Xc j\ÂŒfi ;@<>F 8ID8E;F :8ICFJ8D8 HL@KF# gfi cX gi\ejX \e lef [\ cfj [`Xi`fj [\ dXpfi Z`iZlcXZ`Â?e hl\ j\ \[`kXe \e \jkX Z`l[X[ [\ Hl`kf% EFK@=@HL<J<%$ = ;i% IXÂ’c DXi`ÂŒf ?\ie}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`ccX al[`Z`Xc# [\ekif [\c g\iˆd\kif p \e cX ]fidX \jkXYc\Z`[X gfi cX c\p% 8K<EK8D<EK< ;I8% N@CD8 I <:8 C ; < >L8I;<I8J% J<:I<K8I@8 < ?Xp ]`idX p j\ccf 8:&./'('&XX
I<GL9C@:8 ;<C <:L8;FI ALQ>8;F GI@D<IF ;< CF :@M@C ;< G@:?@E:?8 :@K8:@äE AL;@:@8C 8 E<CJFE <EI@HL< <JG@EFQ8 J8ID@<EKF# <C<E8 >ILJJ 9<CD8I# 98IKFCFDy 8D8>L8z8# CLQ D8I@8 8E8>F D8C;FE8;F P >L@CC<IDF >LJK8MF E@<KF >LQDĂ?E <OKI8:KF 8:KFI1 ><E8IF IFD<IF G8I<;<J ;<D8E;8;FJ1 E<CJFE <EI@HL< <JG@EFQ8 J8ID@<EKF# <C<E8 >ILJJ 9<CD8I# 98IKFCFDy 8D8>L8z8# CLQ D8I@8 8E8>F D8C;FE8;F# p >L@CC<IDF >LJK8MF E@<KF >LQDĂ?E# ;I% D8I@F FIK@Q <JKI<CC8# AL<Q J<OKF ;< CF :@M@C ;< G@:?@E:?82 ;I% <EI@HL< ;Ă 8Q 98CC<JK<IFJ# EFK8I@F ;y:@DF F:K8MF ;<C :8EKäE HL@KF2 ;I% =89@Ă?E <;L8I;F JFC8EF G8QD@zF# EFK8I@F M@>yJ@DF J<>LE;F ;<C :8EKäE HL@KF2 ;I8% O@D<E8 9FIA8 ;< E8M8J# EFK8I@8 KI@>yJ@D8 K<I:<I8 ;<C :8EKäE HL@KF2 ;I% AFJy N8J?@E>KFE 9FE@CC8 898I:8# I<>@JKI8;FI ;< C8 GIFG@<;8; ;<C :8EKäE HL@KF2 8C:8C;< P GIF:LI8;FI D<KIFGFC@K8EF ;<C ;@JK@IF D<KIFGFC@K8EF ;< HL@KF% AL@:@F ;< ELC@;8; ;< <J:I@KLI8 Gè9C@:8 ;< :FDGI8 M<EK8 Ef%'',+$)''0% ;$: :L8EK@81 @E;<K<ID@E8;8 ;<=<EJFI1 ; I% 8 E > < C D8C;FE8;F J :8J@CC<IF AL;@:@8C Ef *((/ GIFM@;<E:@81 ALQ>8;F GI@D<IF ;< CF :@M@C ;< G@:?@E:?8% HL@KF# () [\ ]\Yi\if [\c )''0# cXj ((^(.%$ M@JKFJ%$ <e cf gi`eZ`gXc cX [\dXe[X ]fidlcX[X \j ZcXiX gi\Z`jX p i\Â’e\ cfj i\hl`j`kfj [\ c\p2 \e Zfej\Zl\eZ`X j\ cX X[d`k\ Xc ki}d`k\ fi[`eXi`f%$ :fe cX d`jdX Zˆk\j\ X cfj [\dXe[X[fj1 E<CJFE <EI@HL< <JG@EFQ8 J8ID@<EKF2 <C<E8 >ILJJ 9<CD8I2 AFJ< <IE<JKF =CFI<J 9LIE8EF2 98IKFCFDy 8D8>L8z82 CLQ 8D<I@:8 8E8>F D8C;FE8;F2 >L@CC<IDF >LJK8MF E@<KF >LQDĂ?E2 ;i% DXi`f Fik`q <jki\ccX# Al\q J\okf [\ cf :`m`c [\ G`Z_`eZ_X2 ;i% <ei`hl\ ;ˆXq 9Xcc\jk\ifj# EfkXi`f ;„Z`df FZkXmf [\c ZXekÂ?e Hl`kf2 ;i% =XY`}e <[lXi[f JfcXef GXqd`ÂŒf# EfkXi`f M`^„j`df J\^le[f [\c ZXe$ kÂ?e Hl`kf2 ;iX% O`d\eX 9fiaX [\ EXmXj# EfkXi`X Ki`^„j`dX K\iZ\iX [\c ZXkÂ?e Hl`kf2 p# ;i% Afj„ NXj_`e^kfe 9fe`ccX 8YXiZX# I\^`jkiX[fi [\ cX Gifg`\[X[ [\c :XekÂ?e Hl`kf# X ]`e [\ hl\ \e \c k„id`ef [\ hl`eZ\ [ˆXj cX Zfek\jk\e gifgfe`\e[f cXj \oZ\gZ`fe\j [`cXkfi`Xj p g\i\ekf$ i`Xj hl\ j\ Zi\p\i\e Xj`jk`[fj YXaf gi\m\eZ`fe\j [\ C\p%$ 8k\ekf \c aliXd\ekf \ogi\jX[f gfi \c XZkfi p [\ Zfe]fid`[X[ Zfe cf \jkXYc\$ Z`[f \e \c 8ik% /) [\c :Â?[`^f [\ GifZ\[`d`\ekf :`m`c# Zˆk\j\ X cfj [\dXe[X[fj E<CJFE <EI@HL< <JG@EFQ8 J8ID@<EKF# <C<E8 >ILJJ 9<CD8I# 98IKFCFDy 8D8>L8z8# CLQ 8D<I@:8 8E8>F D8C;FE8;F# p >L@CC<IDF >LJK8MF E@<KF >LQDĂ?E# gfi cX gi\ejX# \e lef [\ cfj g\i`Â?[`$ Zfj [\ dXpfi Z`iZlcXZ`Â?e p hl\ j\ \[`kXe \e \jkX Z`l[X[ [\ Hl`kf%$ 8c \]\Zkf# i\dˆkXj\ \c \okiXZkf Zfii\j$ gfe[`\ek\% 8 cfj [\dXe[X[fj AFJ< <IE<JKF =CFI<J 9LIE8EF2 ;i% DXi`f Fik`q <jki\ccX# Al\q J\okf [\ cf :`m`c [\ G`Z_`eZ_X2 ;i% <ei`hl\ ;ˆXq 9Xcc\jk\ifj# EfkXi`f ;„Z`df FZkXmf [\c ZXekÂ?e Hl`kf2 ;i% =XY`}e <[lXi[f JfcXef GXqd`ÂŒf# EfkXi`f M`^„j`df J\^le[f [\c ZXekÂ?e Hl`kf2 ;iX% O`d\eX 9fiaX [\ EXmXj# EfkXi`X Ki`^„j`dX K\iZ\iX [\c ZXkÂ?e Hl`kf2 p# ;i% Afj„ NXj_`e^kfe 9fe`ccX 8YXiZX# I\^`jkiX[fi [\ cX Gifg`\[X[ [\c :XekÂ?e Hl`kf# \e cfj cl^Xi\j `e[`ZX[fj \e \c c`Y\cf [\ cX [\dXe[X% K„e^Xj\ \e Zl\ekX \c ZXj`cc\if al[`Z`Xc j\ÂŒXcX[f gfi cX gXik\ XZkfiX% 8^i„^l\j\ cX [fZl$
ÄŠ
d\ekXZ`Â?e XZfdgXÂŒX[X%$ KÂ?d\j\ \e Zl\ekX cX ZXj`ccX al[`Z`Xc j\ÂŒX$ cX[X gfi <c\eX >iljj 9\cdXi gXiX ]lkliXj efk`]`ZXZ`fe\j \e cX gi\j\ek\ ZXljX# p fgfikleXd\ek\ j\ kfdX$ i} \e Zl\ekX cXj \oZ\gZ`fe\j p cX i\Zfem\ej`Â?e gcXek\X[Xj gfi „jkX% :ˆk\j\ p Efk`]ˆhl\j\%$ ] ;I% =89I@:@F J<>FM@8 9<K8E:FLIK# AL<Q JLGC<EK<% ALQ>8;F GI@D<IF ;< CF :@M@C ;< G@:?@E:?8% Hl`kf# al\m\j ). [\ dXpf [\c )'('# cXj ((_).%$ M@JKFJ1$ 8^i„^l\ej\ X cfj Xlkfj cfj \jZi`kfj hl\ Xek\Z\[\e p kÂ?d\j\ \e Zl\ekX cfj ZXj`cc\ifj al[`Z`Xc\j j\ÂŒXcX[fj gfi cfj [\dXe[X[fj%$ <e cf gi`eZ`$ gXc# cX i\]fidX X cX [\dXe[X gi\j\e$ kX[X gfi >\iXi[f Ifd\if GXi\[\j# \j ZcXiX p i\le\ cfj [\d}j i\hl`j`kfj [\ c\p%$ <e Zfej\Zl\eZ`X# Zˆk\j\ Zfe cX [\dXe[X# ZXc`]`ZXZ`Â?e# i\]fidX X cX [\dXe[X p \jkX gifm`[\eZ`X X cfj [\dXe[X[fj j\ÂŒfi\j E<CJFE <EI@HL< <JG@EFQ8 J8ID@<EKF2 <C<E8 >ILJJ 9<CD8I2 AFJ< <IE<JKF =CFI<J 9LIE8EF2 98IKFCFDy 8D8>L8z82 CLQ 8D<I@:8 8E8>F D8C;FE8;F2 >L@CC<IDF >LJK8MF E@<KF >LQDĂ?E2 ;i% DXi`f Fik`q <jki\ccX# Al\q J\okf [\ cf :`m`c [\ G`Z_`eZ_X2 ;i% <ei`hl\ ;ˆXq 9Xcc\jk\ifj# EfkXi`f ;„Z`df FZkXmf [\c ZXekÂ?e Hl`kf2 ;i% =XY`}e <[lXi[f JfcXef GXqd`ÂŒf# EfkXi`f M`^„j`df J\^le[f [\c ZXe$ kÂ?e Hl`kf2 ;iX% O`d\eX 9fiaX [\ EXmXj# EfkXi`X Ki`^„j`dX K\iZ\iX [\c ZXkÂ?e Hl`kf2 p# ;i% Afj„ NXj_`e^kfe 9fe`ccX 8YXiZX# I\^`jkiX[fi [\ cX Gifg`\[X[ [\c :XekÂ?e Hl`kf# Xc j\ÂŒfi 8cZXc[\ p GifZliX[fiX J`e[`Zf [\c ;`jki`kf D\kifgfc`kXef [\ Hl`kf# X ]`e [\ hl\ \e \c k„id`ef [\ hl`eZ\ [ˆXj cX Zfek\jk\e gifgfe`\e[f cXj \oZ\gZ`fe\j [`cXkfi`Xj p g\i\ekf$ i`Xj hl\ j\ Zi\p\i\e Xj`jk`[fj YXaf gi\m\eZ`fe\j [\ C\p# X hl`\e\j j\ cfj Z`kXi} \e cfj cl^Xi\j `e[`ZX$ [fj%$ Efk`]ˆhl\j\%$ ] ;I% 8C=I<;F >I@A8C:8 DLzFQ% AL<Q% ALQ>8;F GI@D<IF ;< CF :@M@C ;< G@:?@E:?8% Hl`kf# m`\ie\j (( [\ ale`f [\c )'('# cXj (+_,-%$ 8^iÂ…^l\j\ X cfj Xlkfj cfj \jZi`kfj hl\ Xek\Z\[\e% :lÂ…ek\j\ \e cX gi\$ j\ek\ ZXljX Zfe \c j\ÂŒfi >\eXif Ifd\if GXi\[\j# \e jl ZXc`[X[ [\ XZkfi [\ cX gi\j\ek\ ZXljX% <e cf gi`eZ`gXc# cX Zfek\jkXZ`ÂŽe X cX [\dXe[X ]fidlcX[X gfi \c ;i% DXi`f Fik`q <jki\ccX# \e jl ZXc`[X[ [\ Al\q J\okf [\ cf :`m`c [\ G`Z_`eZ_X \j ZcXiX p i\“e\ cfj [\d~j i\hl`j`kfj [\ ]fidX gi\m`jkfj gfi c\p# p _~^Xj\ ZfefZ\i X cXj gXik\j%$ Efk`]‰hl\j\%$ ] ;I% 8C=I<;F >I@A8C:8 DLzFQ% AL<Q% Cf hl\ Zfdle`Zf X ljk\[ gXiX cfj ]`e\j c\^Xc\j Zfej`^l`\ek\j# gi\m`$ e`„e[fc\j [\ cX fYc`^XZ`Â?e hl\ k`\e\ [\ j\ÂŒXcXi ZXj`cc\if al[`Z`Xc % ;I% ;@CF :<M8CCFJ HL<M<;F% J<:I<K8I@F < ?Xp ]`idX p j\ccf 8:&./'*-&XX
I<GL9C@:8 ;<C <:L8;FI ALQ>8;F K<I:<IF ;< CF :@M@C ;< G@:?@E:?8 :@K8:@FE AL;@:@8C :`kXj\ Zfe \c j`^l`\ek\ \okiXZkf [\c Al`Z`f [\ @em\ekXi`fj Ef% (+()$ )'('$J%8%# X cfj _\i\[\ifj gi\$ jlekfj p [\jZfefZ`[fj [\ ;8I@F 8C<A8E;IF GILE8 G<z8=@<C 8 D8I@8 G@<;8;# DFE@:8 J@CM8E8# D<IP @I8C;8# <CM@8 9@ID8E@8# :<J8I ?<IE8E GILE8 K8G@8# >8CF @J8@8J GILE8 I<@EFJF# P D8I@8 C@9@8 K8G@8 M8I>8J# Zlpf \okiXZkf \j \c j`^l`\ek\1 8:KFI81 9cXeZX :c\d\eZ`X 8cm\Xi D^if% ; < D 8 E ;8 ; FJ 1 ? \ i\ [ \ ifj Gi\jlekfj p ;\jZfefZ`[fj [\ ;Xiˆf 8c\aXe[if GileX G\ŒX]`\c X DXi`X G`\[X[# D�e`ZX J`cmXeX# D\ip @iXc[X# <cm`X 9`idXe`X# :\jXi ?\ie}e GileX KXg`X# >Xcf @jXˆXj GileX I\`efjf# DXi`X C`Y`X KXg`X MXi^Xj# DXiZf M`e`Z`f GileX 8cm\Xi% :C8J< ;< AL@:@F1 @em\ekXi`f ef% (+()$)'('$J%8% F9A<KF ;< C8 ;<D8E;81 <ec`jkXi cfj Y`\e\j GIFM@;<E:@81 CX hl\ j`^l\ ALQ>8;F K<I:<IF ;< CF :@M@C ;< G@:?@E:?8% Hl`kf# cle\j *( [\ \e\if [\c )'((# cXj ('_*(% M@JKFJ%$ CX [\dXe[X hl\ gi\j\ekX 9C8E:8 :C<D<E:@8 8CM<8I DF>IF i\’e\ cfj i\hl`j`kfj c\^Xc\j \e Zfe$ j\Zl\eZ`X# j\ cX XZ\gkX Xc ki}d`k\ Zfii\jgfe[`\ek\ gfi cX mˆX <jg\Z`Xc# [\ cX Gfj\j`�e <]\Zk`mX gi\j\ekX$ [X # j\ Zfdgil\YX \c ]Xcc\Z`d`\ekf [\ ;8I@F 8C<A8E;IF GILE8 G<z8=@<C# gfi cf hl\ j\ [\ZcXiX XY`\ikX cX jlZ\j`�e [\ cfj ZXljXek\j p j\ fi[\eX cX ]XZZ`�e [\ `em\ekXi`fj p XmXc’f [\ cfj Y`\e\j jlZ\jfi`fj%$ GlYcˆhl\j\ le \okiXZkf [\ cX [\dXe$ [X p \jkX Xlkfi gfi cX gi\ejX# \e lef [\ cfj [`Xi`fj [\ dXpfi Z`iZlcXZ`�e hl\ j\ \[`kXe \e \jkX Z`l[X[# Xk\ekX cX Xj\m\iXZ`�e aliXd\ekX[X [\ cX
Ĺ? Ĺ?
Ĺ?
Ĺ? Ĺ?
Ĺ?
Ä Ä€
Ĺ? ĂąĹ? Ĺ? Ĺ? Ĺ?Ä‚Ä€Ä Ä
Ĺ? +. Ĺ? ÄŒĹ?
[\dXe[Xek\ i\jg\Zkf X cX `dgfj`Y`$ c`[X[ [\ [Xi Zfe \c [fd`Z`c`f f i\j`$ [\eZ`X [\ D8I@8 G@<;8;# DFE@:8 J@CM8E8# D<IP @I8C;8# <CM@8 9@IDE8E@8# :<J8I ?<IE8E GILE8 K8G@8# >8CF @J8@8J GILE8 I<@EFJF# P D8I@8 C@9@8 K8G@8 M8I>8J# p X cX m\q hl\ j\ X kf[fj cfj _\i\[\ifj gi\jlekfj p [\j$ ZfefZ`[fj# Zfe]fid\ cf [`jgfe\ \c 8ik% /- [\c :�[`^f [\ GifZ\[`d`\ekf :`m`c%$ :ˆk\j\ Xc [\dXe[X[f D8I:F M@E@:@F GILE8 8CM<8I# \e cX [`i\ZZ`�e gifgfiZ`feX[X gXiX \c \]\Zkf%$ 8^i„^l\j\ X cfj Xlkfj cfj [fZld\ekfj gi\j\ekX[fj gXiX \c \]\Zkf p efk`]ˆhl\j\ Xc [\dXe[Xe$ k\ \e cX ZXj`ccX al[`Z`Xc Ef% *.'-% EFK@=@HL<J<% ;I% ALC@F :<J8I 8DFI<J IF98C@EF% AL<Q Cf hl\ Zfdle`Zf p c\ Z`kf X ljk\[ gXiX cfj ]`e\j c\^Xc\j Zfej`^l`\e$ k\j# gi\m`e`„e[fc\ [\ cX fYc`^XZ`�e hl\ k`\e\ [\ j\ŒXcXi ZXj`cc\if al[`$ Z`Xc \e \jkX Al[`ZXkliX gXiX i\Z`Y`i jlj gfjk\i`fi\j efk`]`ZXZ`fe\j% ;i% Afi^\ GXcXZ`fj ?% J<:I<K8I@F ALQ>8;F K<I:<IF ;< CF :@M@C ;< G@:?@E:?8 ?Xp ]`idX p j\ccf 8Z&./')(&d^
ALQ>8;F J<OKF ;< CF :@M@C ;< G@:?@E:?8 :@K8:@äE AL;@:@8C 8 G<K<I I<EĂ?E DFJHL<I8 M8:8# D8IĂ 8 =<IE8E;8 GĂ?<Q IF;8J# JK8C@E G8KI@:@F GFD8 M@M8E:F# A<EEP ;Ă?M@C8 IL@CFM8# D@>L<C IF;I@>F I<M<CF KFII<J P K<I<J8 =<IEĂ?E;<Q 8C<E:8JKIF <OKI8:KF 8:KFI% :Xicfj 8c]fejf Gfm\[X D\i`ef :FDG8zĂ 8 KIFC<9èJ HL@KF J%8% ;<D8E;8;FJ% G`cXi ;\c IfjXi`f D\i\Z` Ifd\if# Afi^\ DXel\c IXdˆi\q :Â?i[fmX# G\k\i I\eXe Dfjhl\iX MXZX# DXi`X =\ie}e[\q G}\q If[Xj# JkXc`e GXki`Z`f GfdX M`mXeZf# A\eep ;}m`cX Il`cfmX# D`^l\c If[i`^f I\m\cf Kfii\j P K\i\jX =\ie}e[\q 8c\eZXjkif AL@:@F% GX^f gfi :fej`^eXZ`Â?e Ef%/'+$)'('$@>D$ KIĂ?D@K<% <jg\Z`Xc% :L8EKĂ 8% @e[\k\id`eX[X% ;FD@:@C@F% :Xj`cc\if Al[`Z`Xc Ef%**0' [\c ;i% Cl`j :`je\ifj <%% F9A<KF% GX^f gfi Zfej`^eXZ`Â?e % GIFM@;<E:@8J% ALQ>8;F J<OKF ;< CF :@M@C ;< G@:?@E:?8% Hl`kf# dXik\j )' [\ alc`f [\c )'('# cXj ('_'*% M@JKFJ%$ CX [\dXe[X hl\ Xek\$ Z\[\ \j ZcXiX# gi\Z`jX p i\Â’e\ cfj i\hl`j`kfj c\^Xc\j% <e Zfej\Zl\e$ Z`X# j\ cX XZ\gkX Xc ki}d`k\ i\jg\Z$ k`mf% :ˆk\j\ Zfe \c Zfek\e`[f [\ cX d`jdX p \jkX gifm`[\eZ`X X cfj [\dXe[X[fj G@C8I ;<C IFJ8I@F D<I<:@ IFD<IF# AFI>< D8EL<C I8D@I<Q :FI;FM8# G<K<I I<E8E DFJHL<I8 M8:8# D8I@8 =<IE8E;<Q G8<Q IF;8J# JK8C@E G8KI@:@F GFD8 M@M8E:F# A<EEP ;8M@C8 IL@CFM8# D@>L<C IF;I@>F I<M<CF KFII<J p K<I<J8 =<IE8E;<Q 8C<E:8JKIF# \e cX [`i\ZZ`Â?e j\ÂŒXcX[X \e cX [\dXe[X# gXiX hl\ [\ekif [\c k\iZ\if [ˆX [\ Z`kX[fj X cXj ('_''# ZfeZliiXe X i\Z`Y`i cX ZXek`[X[ [\ [`e\if f]i\$ Z`[X \e gX^f gfi Zfej`^eXZ`Â?e% KÂ?d\j\ efkX [\c ZXj`cc\if al[`Z`Xc j\ÂŒXcX[f gfi \c XZkfi p X^i„^l\e$ j\ cfj [fZld\ekfj gi\j\ekX[fj% :ˆk\j\ p Efk`]ˆhl\j\%$ ] ;i% DXi`f Fik`q <jki\ccX% Al\q% ALQ>8;F J<OKF ;< CF :@M@C ;< G@:?@E:?8% Hl`kf# d`„iZfc\j (0 [\ \e\if [\c )'((# cXj ((_()% Gfi _XY\ij\ [X[f Zldgc`d`\ekf X cf fi[\eX[f \e gifm`[\eZ`X `ed\[`X$ kX Xek\i`fi# j\ gifZ\[\ X ZXc`]`ZXi cX Zfek\jkXZ`Â?e X cX [\dXe[X [X[X gfi G`cXi [\c IfjXi`f D\i\Z` Ifd\if p Afi^\ DXel\c IXdˆi\q :Â?i[fmX# Zfdf ZcXiX p i\Â’e\ cfj i\hl`j`kfj c\^Xc\j% KÂ?d\j\ efkX [\c ZXj`cc\if al[`Z`Xc ('+. hl\ j\ÂŒX$ cXe% 8k\ekX cX iXqÂ?e j\ekX[X gfi \c j\ÂŒfi :`kX[fi p aliXd\ekf i\e$ [`[f gfi \c XZkfi# j\ [`jgfe\ Z`kXi X cfj [\dXe[X[fj G\k\i I\e}e Dfjhl\iX MXZX# DXiˆX =\ieXe[X G}\q If[Xj# JkXc`e GXki`Z`f GfdX M`mXeZf# A\eep ;}m`cX Il`cfmX# D`^l\c If[i`^f I\m\cf Kfii\j p K\i\jX =\ie}e[\q 8c\eZXjkif# X kiXm„j [\ cX gi\ejX \e cX ]fidX gi\m`jkX \e \c 8ik% /) [\c :Â?[`^f [\ GifZ\[`d`\ekf :`m`c% Efk`]ˆhl\j\% ] ;i% DXi`f Fik`q <jki\ccX% Al\q% Cf hl\ Zfdle`Zf gi\m`e`„e[fc\ [\ cX fYc`^XZ`Â?e hl\ k`\e\ [\ j\ÂŒXcXi [fd`Z`c`f al[`Z`Xc [\ekif [\c g\iˆ$ d\kif c\^Xc [\ \jkX Z`l[X[ [\ Hl`kf gXiX gfjk\i`fi\j efk`]`ZXZ`fe\j% ;I% <;N@E :<M8CCFJ 8DGL;@8 J<:I<K8I@F
?Xp le j\ccf 8:&./'*(&ZZ
8ELC8:@FE<J
BANCO PICHINCHA HL<;8 8ELC8;F Gfi IfYf [\c :_\hl\ Ef )/)*$ )/)-$)/). [\ cX :kX% :k\% Ef% *+,+('**'+ g\ik\e\Z`\ek\ X I<JK8LI8EK< Q8QL :@8% CK;8% [\c 9XeZf G`Z_`eZ_X% Hl`\e k\e^X [\i\Z_f [\Y\i} i\ZcXdXi [\ekif [\ cfj -' [ˆXj gfjk\i`fi\j X cX ’ck`dX glYc`ZXZ`�e% 8:&-0/ ( XX 444444 HL<;8 8ELC8;F Gfi g„i[`[X [\c :_\hl\ Ef ,)( 8C ,,' [\ cX :kX% :k\% Ef% **/)*.(,'+ g\ik\e\Z`\ek\ X IFD8E E8I8EAF# 8DG8IF$;< C8J D<I:<;<J [\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/ ) XX 444444 HL<;8 8ELC8;F Gfi g„i[`[X [\c :_\hl\ Ef +.)) mXcfi )''#'' [\ cX :kX% :k\% Ef% *'(0-.0+'+ g\ik\e\Z`\ek\ X :FFG<I8K@M8 8?%P :I<;@KF D<I:8;F :<EKI8C [\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/ * XX 444444 HL<;8 8ELC8;F Gfi g„i[`[X [\c :_\hl\ Ef )-.' [\ cX :kX% :k\% Ef% *'')'(.+'+ g\ik\e\Z`\ek\ X M@CC8IIL<C IF;I@>L<Q#=I8EBC@E$JK8C@E [\c 9XeZf G`Z_`eZ_X% Hl`\e k\e^X [\i\Z_f [\Y\i} i\ZcXdXi [\ekif [\ cfj -' [ˆXj gfjk\i`fi\j X cX ’ck`dX glYc`ZXZ`�e% 8:&-0/ + XX 444444 HL<;8 8ELC8;F Gfi g„i[`[X [\c :_\hl\ Ef (-./ [\ cX :kX% :k\% Ef% **/+,/*.'+ g\ik\e\$ Z`\ek\ X >FEQ8C<Q <JG@E# <DD8$ D8>;8C<E8 [\c 9XeZf G`Z_`eZ_X% 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:&-0/ , XX 444444 HL<;8 8ELC8;F Gfi IfYf [\c :_\hl\ Ef )(,) 8C )(.' [\ cX :kX% :k\% Ef% *')(+/,+'+ g\ik\e\Z`\ek\ X J<II8EF M@K<I@# 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/ - XX 444444 HL<;8 8ELC8;F Gfi g„i[`[X [\c :_\hl\ Ef */*0 mXcfi -,#'' [\ cX :kX% :k\% Ef% *').,)'0'+ g\ik\e\Z`\ek\ X :C8M@AF :?8M<Q# D8EL<C$ FIC8E;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`f$ i\j X cX ’ck`dX glYc`ZXZ`�e% 8:&-0/ . XX 444444 HL<;8 8ELC8;F Gfi g„i[`[X [\c :_\hl\ Ef (.)*$ (.+' [\ cX :kX% :k\% Ef% **/+,/*.'+ g\ik\e\Z`\ek\ X >FEQ8C<Q <JG@E# <DD8$D8>;8C<E8 [\c 9XeZf G`Z_`eZ_X% Hl`\e k\e^X [\i\Z_f [\Y\i} i\ZcXdXi [\ekif [\ cfj -' [ˆXj gfjk\i`fi\j X cX ’ck`dX glYc`$ ZXZ`�e% 8:&-0/ / XX 444444 HL<;8 8ELC8;F Gfi g„i[`[X [\c :_\hl\ Ef /+- mXcfi ,'#'' [\ cX :kX% :k\% Ef% *')-,+0''+ g\ik\e\Z`\ek\ X GLCCLG8O@ A8D@# D8I@8$:<C@8 [\c 9XeZf G`Z_`eZ_X% Hl`\e k\e^X [\i\Z_f [\Y\i} i\ZcXdXi [\ekif [\ cfj -' [ˆXj gfjk\i`fi\j X cX ’ck`dX glYc`ZXZ`�e% 8:&-0/ 0 XX 444444 HL<;8 8ELC8;F Gfi IfYf [\c :_\hl\ Ef (+/ mXcfi )-*#'' [\ cX :kX% :k\% Ef% *++-*-00'+ g\ik\e\Z`\ek\ X DFC@E8 :<M8CCFJ# C<FEFI$ D8IC<E< [\c 9XeZf G`Z_`eZ_X% 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:&-0/ (' XX 444444 HL<;8 8ELC8;F Gfi g„i[`[X [\c :_\hl\ Ef ,,.0
Ĺ?
mXcfi )+(#0/ [\ cX :kX% :k\% Ef% *'*)/0,)'+ g\ik\e\Z`\ek\ X IL<;8 IFD<IF# G89CF$8CM8IF [\c 9XeZf G`Z_`eZ_X% Hl`\e k\e^X [\i\Z_f [\Y\i} i\ZcXdXi [\ekif [\ cfj -' [ˆXj gfjk\i`fi\j X cX ’ck`dX glYc`ZXZ`�e% 8:&-0/ (( XX 444444 HL<;8 8ELC8;F Gfi g„i[`[X [\c :_\hl\ Ef ).(. 8C ).)' [\ cX :kX% :k\% Ef% *'*(,'-.'+ g\ik\e\Z`\ek\ X 8I@8J G<I<Q#8@;8$ 8C@:@8 [\c 9XeZf G`Z_`eZ_X% Hl`\e k\e^X [\i\Z_f [\Y\i} i\ZcXdXi [\e$ kif [\ cfj -' [ˆXj gfjk\i`fi\j X cX ’ck`dX glYc`ZXZ`�e% 8:&-0/ () XX 444444 HL<;8 8ELC8;F Gfi IfYf [\c :_\hl\ Ef //(/+0 mXcfi 0/#'' [\ cX :kX% :k\% Ef% *'/+,,-('+ g\ik\e\Z`\e$ k\ X 8LKFJ@JK<D8J KFG:8I JF:@<;8; 8EFE@D8 [\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/ (* XX 444444 HL<;8 8ELC8;F Gfi g„i[`[X [\c :_\hl\ Ef ,*( 8C ,-' [\ cX :kX% :k\% Ef% **/+.)','+ g\ik\e\Z`\ek\ X M8CC<AF 9<ID<F# :<J8I$8L>LJKF [\c 9XeZf G`Z_`eZ_X% Hl`\e k\e^X [\i\Z_f [\Y\i} i\ZcXdXi [\ekif [\ cfj -' [ˆXj gfjk\i`fi\j X cX ’ck`dX glYc`$ ZXZ`�e% 8:&-0/ (+ XX 444444 HL<;8 8ELC8;F Gfi g„i[`[X [\c :_\hl\ Ef ,-( 8C ,/' [\ cX :kX% :k\% Ef% **/+.)','+ g\ik\e\Z`\ek\ X M8CC<AF 9<ID<F# :<J8I$8L>LJKF [\c 9XeZf G`Z_`eZ_X% Hl`\e k\e^X [\i\Z_f [\Y\i} i\ZcXdXi [\ekif [\ cfj -' [ˆXj gfjk\i`fi\j X cX ’ck`dX glYc`$ ZXZ`�e% 8:&-0/ (, XX 444444 HL<;8 8ELC8;F Gfi g„i[`[X [\c :_\hl\ Ef (-.0 mXcfi )''#'' [\ cX :kX% :k\% Ef% *+(/)))''+ g\ik\e\Z`\ek\ X :8G<CF :8G<CF# FC==<I$9FC@M8I [\c 9XeZf G`Z_`eZ_X% Hl`\e k\e^X [\i\Z_f [\Y\i} i\ZcXdXi [\ekif [\ cfj -' [ˆXj gfjk\i`fi\j X cX ’ck`dX glYc`ZXZ`�e% 8:&-0/ (- XX 444444 HL<;8 8ELC8;F Gfi g„i[`[X [\c :_\hl\ Ef +-0 [\ cX :kX% :k\% Ef% *+**.+.)'+ g\i$ k\e\Z`\ek\ X A8D@ ;<=8Q# AFI><$ 8E@98C [\c 9XeZf G`Z_`eZ_X% Hl`\e k\e^X [\i\Z_f [\Y\i} i\ZcXdXi [\e$ kif [\ cfj -' [ˆXj gfjk\i`fi\j X cX ’ck`dX glYc`ZXZ`�e% 8:&-0/ (. XX 444444 HL<;8 8ELC8;F Gfi IfYf [\c :_\hl\ Ef (,) mXcfi (%'''#'' [\ cX :kX% :k\% Ef% *+../,.*'+ g\ik\e\Z`\ek\ X <JHL@M<C LI@9<#M@:KFI$A8M@<I [\c 9XeZf G`Z_`eZ_X% Hl`\e k\e^X [\i\Z_f [\Y\i} i\ZcXdXi [\ekif [\ cfj -' [ˆXj gfjk\i`fi\j X cX ’ck`dX glYc`ZXZ`�e% 8:&-0/ (/ XX 444444 HL<;8 8ELC8;F Gfi g„i[`[X [\c :_\hl\ Ef *)*, mXcfi )''#'' [\ cX :kX% :k\% Ef% *+.--0+-'+ g\ik\e\Z`\ek\ X 9FC8EFJ 8M@C<J#<C<8E8$I8HL<C [\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/ (0 XX 444444 HL<;8 8ELC8;F Gfi g„i[`[X [\c :_\hl\ Ef +*(*,- mXcfi **.#'/ [\ cX :kX% :k\% Ef% *'+((-.+'+ g\ik\e\Z`\ek\ X D<;@:@E8 G8I8 <C <:L8;FI D<;@<:L8;FI ?LD [\c 9XeZf G`Z_`eZ_X% Hl`\e k\e^X [\i\Z_f [\Y\i} i\ZcXdXi [\ekif [\ cfj -' [ˆXj gfjk\i`fi\j X cX ’ck`dX glYc`$ ZXZ`�e% 8:&-0/ )' XX 444444 HL<;8 8ELC8;F Gfi g„i[`[X [\c :_\hl\ Ef -.( 8C .'' [\ cX :kX% :k\% Ef% *')),))''+ g\ik\e\Z`\ek\ X :?@CL@J8 K8:F# C@;8$9<8KI@Q [\c 9XeZf G`Z_`eZ_X% Hl`\e k\e^X [\i\Z_f [\Y\i} i\ZcX$ dXi [\ekif [\ cfj -' [ˆXj gfjk\i`f$ i\j X cX ’ck`dX glYc`ZXZ`�e% 8:&-0/ )( XX 444444 HL<;8 8ELC8;F Gfi g„i[`[X [\c :_\hl\ Ef )/(+ [\ cX :kX% :k\% Ef% *')(-.,('+ g\ik\$ e\Z`\ek\ X :ILQ IFD<IF# =<C@O$ G8KI@:@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`f$ i\j X cX ’ck`dX glYc`ZXZ`�e% 8:&-0/ )) XX 444444 HL<;8 8ELC8;F Gfi g„i[`[X [\c :_\hl\ Ef )/+($ )/-( [\ cX :kX% :k\% Ef% *')(-.,('+ g\ik\e\Z`\ek\ X :ILQ IFD<IF# =<C@O$G8KI@:@F [\c 9XeZf G`Z_`eZ_X% Hl`\e k\e^X [\i\Z_f [\Y\i} i\ZcXdXi [\ekif [\ cfj -' [ˆXj gfjk\i`fi\j X cX ’ck`dX glYc`$ ZXZ`�e% 8:&-0/ )* XX 444444 HL<;8 8ELC8;F Gfi g„i[`[X [\c :_\hl\ Ef *'+ [\ cX :kX% :k\% Ef% *+.,0*+/'+ g\ik\e\$ Z`\ek\ X M<C8J:F I8DFJ#:8ICFJ$
9kWdZe kde j_[d[ cej_lei Z[ gk[`Whi[ Z[ kd Wc_]e" Yedl_[d[ i[fWhWhi[ Z[ ƒb ]hWZkWbc[dj[" o Z[iWjWh" c|i X_[d gk[ hecf[h" bei bWpei Z[ bW Wc_ijWZ$ 97JâD >@FM8EEP [\c 9XeZf G`Z_`eZ_X% Hl`\e k\e^X [\i\Z_f [\Y\i} i\ZcX$ dXi [\ekif [\ cfj -' [ˆXj gfjk\i`f$ i\j X cX Â’ck`dX glYc`ZXZ`Â?e% 8:&-0/ )+ XX 444444 HL<;8 8ELC8;F Gfi IfYf [\c :_\hl\ Ef )-,( [\ cX :kX% :k\% Ef% *()+)//''+ g\i$ k\e\Z`\ek\ X G<I8CK8 I<@EFJF# D@IP8D$8C<O8E;I8 [\c 9XeZf G`Z_`eZ_X% Hl`\e k\e^X [\i\Z_f [\Y\i} i\ZcXdXi [\ekif [\ cfj -' [ˆXj gfjk\i`fi\j X cX Â’ck`dX glYc`$ ZXZ`Â?e% 8:&-0/ ), XX 444444 HL<;8 8ELC8;F Gfi g„i[`[X [\c :_\hl\ Ef ((/+ mXcfi )'#'' [\ cX :kX% :k\% Ef% *'*++),/'+ g\ik\e\Z`\ek\ X FC@MF # G8KI@:@8$;< C8J D<I:<;<J [\c 9XeZf G`Z_`eZ_X% Hl`\e k\e^X [\i\$ Z_f [\Y\i} i\ZcXdXi [\ekif [\ cfj -' [ˆXj gfjk\i`fi\j X cX Â’ck`dX glYc`ZXZ`Â?e% 8:&-0/ )- XX 444444 HL<;8 8ELC8;F Gfi g„i[`[X [\c :_\hl\ Ef (-. [\ cX :kX% :k\% Ef% *+/(.+,)'+ g\ik\e\$ Z`\ek\ X :8D@EF K@>J@#J<>LE;F$ :8ICFJ [\c 9XeZf G`Z_`eZ_X% Hl`\e k\e^X [\i\Z_f [\Y\i} i\ZcX$ dXi [\ekif [\ cfj -' [ˆXj gfjk\i`f$ i\j X cX Â’ck`dX glYc`ZXZ`Â?e% 8:&-0/ ). XX 444444 HL<;8 8ELC8;F Gfi IfYf [\c :_\hl\ Ef *(( 8C *+' [\ cX :kX% :k\% Ef% *+,.0,*,'+ g\ik\e\Z`\ek\ X KF:K8>L8EF @Q8#?<:KFI$D8EL<C [\c 9XeZf G`Z_`eZ_X% Hl`\e k\e^X [\i\Z_f [\Y\i} i\ZcXdXi [\ekif [\ cfj -' [ˆXj gfjk\i`fi\j X cX Â’ck`dX glYc`$ ZXZ`Â?e% 8:&-0/ )/ XX 444444 HL<;8 8ELC8;F Gfi g„i[`[X [\c :_\hl\ Ef )+0( 8C ),'' [\ cX :kX% :k\% Ef% *'.)+/0('+ g\ik\e\Z`\ek\ X P<G<Q 9LI98EF# 9C8E:8$<CM@8 [\c 9XeZf G`Z_`eZ_X% Hl`\e k\e^X [\i\Z_f [\Y\i} i\ZcXdXi [\ekif [\ cfj -' [ˆXj gfjk\i`fi\j X cX Â’ck`dX glYc`$ ZXZ`Â?e% 8:&-0/ )0 XX 444444 HL<;8 8ELC8;F Gfi g„i[`[X [\c :_\hl\ Ef ))-)$ ))-*$))-, [\ cX :kX% :k\% Ef% ***(..*.'+ g\ik\e\Z`\ek\ X CFG<Q FC@M8# <C@8E8$8E><C@K8 [\c 9XeZf G`Z_`eZ_X% Hl`\e k\e^X [\i\Z_f [\Y\i} i\ZcXdXi [\ekif [\ cfj -' [ˆXj gfjk\i`fi\j X cX Â’ck`dX glYc`ZXZ`Â?e% 8:&-0/ *' XX 444444 HL<;8 8ELC8;F Gfi g„i[`[X [\c :_\hl\ Ef *+( 8C *.' [\ cX :kX% :k\% Ef% **/)-(.,'+ g\ik\e\Z`\ek\ X D8IK@E<Q ELE<Q#=8LJKF$I8LC [\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 Â’ck`dX glYc`$ ZXZ`Â?e% 8:&-0/ *( XX 444444 HL<;8 8ELC8;F Gfi g„i[`[X [\c :_\hl\ Ef *.( 8C +'' [\ cX :kX% :k\% Ef% **/)-(.,'+ g\ik\e\Z`\ek\ X D8IK@E<Q ELE<Q#=8LJKF$I8LC [\c 9XeZf G`Z_`eZ_X% Hl`\e k\e^X [\i\Z_f [\Y\i} i\ZcXdXi [\ekif [\ cfj -' [ˆXj gfjk\i`fi\j X cX Â’ck`dX glYc`$ ZXZ`Â?e% 8:&-0/ *) XX 444444 HL<;8 8ELC8;F Gfi g„i[`[X [\c :_\hl\ Ef *-- [\ cX :kX% :k\% Ef% *+-).'-.'+ g\ik\e\$ Z`\ek\ X P8E<Q <JKI<CC8# M@:KFI$ 8C<A8E;IF [\c 9XeZf G`Z_`eZ_X% Hl`\e k\e^X [\i\Z_f [\Y\i} i\ZcX$ dXi [\ekif [\ cfj -' [ˆXj gfjk\i`f$ i\j X cX Â’ck`dX glYc`ZXZ`Â?e% 8:&-0/ ** XX 444444 HL<;8 8ELC8;F Gfi IfYf [\c :_\hl\ Ef ++- mXcfi ,''#'' [\ cX :kX% :k\% Ef% *'-,).(-'+ g\ik\e\Z`\ek\ X M@CC8:@J G8Q P D@EF# AFJ<$ M@:<EK< [\c 9XeZf G`Z_`eZ_X% Hl`\e k\e^X [\i\Z_f [\Y\i} i\ZcX$ dXi [\ekif [\ cfj -' [ˆXj gfjk\i`f$ i\j X cX Â’ck`dX glYc`ZXZ`Â?e% 8:&-0/ *+ XX 444444 HL<;8 8ELC8;F Gfi g„i[`[X [\c :_\hl\ Ef )+)*$ )+.+$)+., 8C )+.- [\ cX :kX% :k\% Ef% *'/)+,')'+ g\ik\e\Z`\ek\ X 9FIA8 DLII@8>L@# IFDD<C$ <JKL8I;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`f$ i\j X cX Â’ck`dX glYc`ZXZ`Â?e% 8:&-0/ *, XX 444444 HL<;8 8ELC8;F Gfi g„i[`[X [\c :_\hl\ Ef )*-. [\ cX :kX% :k\% Ef% *'/)+,')'+ g\i$
k\e\Z`\ek\ X 9FIA8 DLII@8>L@# IFDD<C$<JKL8I;F [\c 9XeZf G`Z_`eZ_X% Hl`\e k\e^X [\i\Z_f [\Y\i} i\ZcXdXi [\ekif [\ cfj -' [ˆXj gfjk\i`fi\j X cX ’ck`dX glYc`$ ZXZ`�e% 8:&-0/ *- XX 444444 HL<;8 8ELC8;F Gfi g„i[`[X [\c :_\hl\ Ef /'' mXcfi +'*#)' [\ cX :kX% :k\% Ef% *+,0--(-'+ g\ik\e\Z`\ek\ X FC@MFJ<> :@8% CK;8% 8>% 8J<JFI8 GIF;L:KF [\c 9XeZf G`Z_`eZ_X% 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:&-0/ *. XX 444444 HL<;8 8ELC8;F Gfi g„i[`[X [\c :_\hl\ Ef +)' [\ cX :kX% :k\% Ef% *+)('+)('+ g\i$ k\e\Z`\ek\ X 98EJ?L@ PLE>8E# ?@C9<I$@M8E [\c 9XeZf G`Z_`eZ_X% Hl`\e k\e^X [\i\Z_f [\Y\i} i\ZcX$ dXi [\ekif [\ cfj -' [ˆXj gfjk\i`f$ i\j X cX ’ck`dX glYc`ZXZ`�e% 8:&-0/ */ XX 444444 HL<;8 8ELC8;F Gfi g„i[`[X [\c :_\hl\ Ef (-0- [\ cX :kX% :k\% Ef% **/+,/*.'+ g\ik\e\Z`\ek\ X >FEQ8C<Q <JG@E# <DD8$D8>;8C<E8 [\c 9XeZf G`Z_`eZ_X% Hl`\e k\e^X [\i\Z_f [\Y\i} i\ZcXdXi [\ekif [\ cfj -' [ˆXj gfjk\i`fi\j X cX ’ck`dX glYc`$ ZXZ`�e% 8:&-0/ *0 XX 444444 HL<;8 8ELC8;F Gfi IfYf [\c :_\hl\ Ef (0(( 8C )'(' [\ cX :kX% :k\% Ef% *((*(0'+'+ g\ik\e\Z`\ek\ X ;<C>8;F ;<C>8;F# A8@D<$>LJK8MF [\c 9XeZf G`Z_`eZ_X% Hl`\e k\e^X [\i\$ Z_f [\Y\i} i\ZcXdXi [\ekif [\ cfj -' [ˆXj gfjk\i`fi\j X cX ’ck`dX glYc`ZXZ`�e% 8:&-0/ +' XX 444444 HL<;8 8ELC8;F Gfi g„i[`[X [\c :_\hl\ Ef ()(..( 8C ()(/'' [\ cX :kX% :k\% Ef% *(--///0'+ g\ik\e\Z`\ek\ X 8CM8I<Q :C8L;@F# >8CF$ D8I:<CF [\c 9XeZf G`Z_`eZ_X% 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:&-0/ +( XX 444444 HL<;8 8ELC8;F Gfi IfYf [\c :_\hl\ Ef ()/($()0/ [\ cX :kX% :k\% Ef% *'+..,*,'+ g\i$ k\e\Z`\ek\ X =<II@E M<I8# AFJ<$ FJN8C;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`f$ i\j X cX ’ck`dX glYc`ZXZ`�e%
8:&-0/ +) XX 444444 HL<;8 8ELC8;F Gfi g„i[`[X [\c :_\hl\ Ef )-' [\ cX :kX% :k\% Ef% *+',-/*('+ g\ik\$ e\Z`\ek\ X :8I@JD8=CFN<I :@8 CK;8 [\c 9XeZf G`Z_`eZ_X% Hl`\e k\e^X [\i\Z_f [\Y\i} i\ZcXdXi [\e$ kif [\ cfj -' [ˆXj gfjk\i`fi\j X cX ’ck`dX glYc`ZXZ`�e% 8:&-0/ +* XX
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} 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# Zfe$ kX[fj [\j[\ cX ’ck`dX glYc`ZXZ`�e [\ \jk\ Xm`jf% 8:& ( XX 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# Zfe$ kX[fj [\j[\ cX ’ck`dX glYc`ZXZ`�e [\ \jk\ Xm`jf% 8:& ) XX 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# Zfe$ kX[fj [\j[\ cX ’ck`dX glYc`ZXZ`�e [\ \jk\ Xm`jf% 8:& * XX 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# Zfe$ kX[fj [\j[\ cX ’ck`dX glYc`ZXZ`�e [\ \jk\ Xm`jf% 8:& + XX 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# Zfe$ kX[fj [\j[\ cX ’ck`dX glYc`ZXZ`�e [\ \jk\ Xm`jf% 8:& , XX 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# Zfe$ kX[fj [\j[\ cX ’ck`dX glYc`ZXZ`�e
C O N V O C AT O R I A A JUNTA GENERAL EXTRAORDINARIA DE ACCIONISTAS DE SERTRANCARLOG C.A. SERVICIO DE TRANSPORTE DE CARGA Y LOGĂ?STICA. De conformidad con lo establecido en la Ley de CompaĂąĂas y Estatutos de la CompaĂąĂa, se convoca a los seĂąores Accionistas a la Junta General Extraordinaria que se realizarĂĄ el dĂa 4 de marzo del 2011 a las 10H00, en las oficinas de la empresa ubicadas en Caldas y RumiĂąahui No. 798, Provincia de Pichincha, Parroquia Pintag para resolver el siguiente orden del dĂa: 1. ConstataciĂłn del QuĂłrum 2. ElecciĂłn del Sr. Presidente, Gerente General, Comisario Principal y Comisario Suplente de la empresa. Pintag, 17 de febrero del 2011 SR. WILSON GERMAN CACHUMBA GERENTE GENERAL AC/78068/aa
[\ \jk\ Xm`jf% 8:& - XX 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# Zfe$ kX[fj [\j[\ cX ’ck`dX glYc`ZXZ`�e [\ \jk\ Xm`jf% 8:& . XX 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# Zfe$ kX[fj [\j[\ cX ’ck`dX glYc`ZXZ`�e [\ \jk\ Xm`jf% 8:& / XX 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# Zfe$ kX[fj [\j[\ cX ’ck`dX glYc`ZXZ`�e [\ \jk\ Xm`jf% 8:& 0 XX 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# Zfe$ kX[fj [\j[\ cX ’ck`dX glYc`ZXZ`�e [\ \jk\ Xm`jf% 8:& (' XX 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# Zfe$ kX[fj [\j[\ cX ’ck`dX glYc`ZXZ`�e [\ \jk\ Xm`jf% 8:& (( XX 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# Zfe$ kX[fj [\j[\ cX ’ck`dX glYc`ZXZ`�e [\ \jk\ Xm`jf% 8:& () XX 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# Zfe$ kX[fj [\j[\ cX ’ck`dX glYc`ZXZ`�e [\ \jk\ Xm`jf% 8:& (* XX 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# Zfe$ kX[fj [\j[\ cX ’ck`dX glYc`ZXZ`�e [\ \jk\ Xm`jf% 8:& (+ XX 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# Zfe$ kX[fj [\j[\ cX ’ck`dX glYc`ZXZ`�e [\ \jk\ Xm`jf% 8:& (, XX 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# Zfe$ kX[fj [\j[\ cX ’ck`dX glYc`ZXZ`�e [\ \jk\ Xm`jf% 8:& (- XX 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# Zfe$ kX[fj [\j[\ cX ’ck`dX glYc`ZXZ`�e [\ \jk\ Xm`jf% 8:& (. XX 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# Zfe$ kX[fj [\j[\ cX ’ck`dX glYc`ZXZ`�e [\ \jk\ Xm`jf% 8:& (/ XX 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
SEGUNDA CONVOCATORIA A JUNTA GENERAL ORDINARIA DE ACCIONISTAS DE LA COMPAĂ‘Ă?A DE TRANSPORTE PESADO DE MATERIALES PETREOS 7 DE FEBRERO TRAMCONS S.A. De conformidad con lo establecido en la Ley de CompaĂąĂas y Estatutos de la CompaĂąĂa, se convoca a los seĂąores Accionistas a la Junta General Ordinaria que se realizarĂĄ el dĂa 12 de marzo del 2011 a las 15H00, en las oficinas de la empresa ubicadas en la San Francisco de la Pita OE1-41 y Av. Manuel CĂłrdova Galarza, Parroquia San Antonio de Pichincha, del Distrito Metropolitano de Quito, Provincia de Pichincha, para conocer y resolver el siguiente orden del dĂa: 1. ConstataciĂłn del QuĂłrum 2. Informe del Sr. GermĂĄn Vaca Presidente de la “CompaĂąĂa 7 de Febreroâ€? 3. Conocimiento y AprobaciĂłn de los Balances y Estados Financieros de la CompaĂąĂa del aĂąo 2010 4. Conocimiento y aprobaciĂłn del informe del Gerente General y Comisario Cabe mencionar que la primera convocatoria, saliĂł publicada el 11 de febrero del 2011 en diario la Hora. Por lo tanto realizamos la segunda convocatoria de acuerdo al ArtĂculo DĂŠcimo Quinto de nuestros Estatutos Sociales. “EN SEGUNDA CONVOCATORIA LA JUNTA GENERAL SE INSTALARĂ CON EL NĂšMERO DE ACCIONISTAS PRESENTES SEA CUAL FUERE LA APORTACIĂ“N DEL CAPITAL QUE REPRESENTENâ€?. Ney E. Burbano R. GERENTE GENERAL D.M. Quito, 21 de febrero del 2011 AC/78069/aa
c`Yi\kX# [\Y\i} gi\j\ekXi jl i\ZcXdf Xc 9XeZf# [\ekif [\ cfj () [ˆXj# Zfe$ kX[fj [\j[\ cX ’ck`dX glYc`ZXZ`�e [\ \jk\ Xm`jf% 8:& (0 XX 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# Zfe$ kX[fj [\j[\ cX ’ck`dX glYc`ZXZ`�e [\ \jk\ Xm`jf% 8:& )' XX 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# Zfe$ kX[fj [\j[\ cX ’ck`dX glYc`ZXZ`�e [\ \jk\ Xm`jf% 8:& )( XX 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# Zfe$ kX[fj [\j[\ cX ’ck`dX glYc`ZXZ`�e [\ \jk\ Xm`jf% 8:& ( XX 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# Zfe$ kX[fj [\j[\ cX ’ck`dX glYc`ZXZ`�e [\ \jk\ Xm`jf% 8:& ) XX 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# Zfe$ kX[fj [\j[\ cX ’ck`dX glYc`ZXZ`�e [\ \jk\ Xm`jf% 8:& * XX 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# Zfe$ kX[fj [\j[\ cX ’ck`dX glYc`ZXZ`�e [\ \jk\ Xm`jf%
8:& + XX 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} 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# Zfe$ kX[fj [\j[\ cX ’ck`dX glYc`ZXZ`�e [\ \jk\ Xm`jf% 8:& , XX 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# Zfe$ kX[fj [\j[\ cX ’ck`dX glYc`ZXZ`�e [\ \jk\ Xm`jf% 8:& - XX 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# Zfe$ kX[fj [\j[\ cX ’ck`dX glYc`ZXZ`�e [\ \jk\ Xm`jf% 8:& . XX 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# Zfe$ kX[fj [\j[\ cX ’ck`dX glYc`ZXZ`�e [\ \jk\ Xm`jf% 8:& / XX 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# Zfe$ kX[fj [\j[\ cX ’ck`dX glYc`ZXZ`�e [\ \jk\ Xm`jf% 8:& 0 XX 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# Zfe$ kX[fj [\j[\ cX ’ck`dX glYc`ZXZ`�e [\ \jk\ Xm`jf% 8:& (' XX 4444444 Gfi _XY\ij\ g\i[`[f cX C`Yi\kX [\ 8_fiifj [\ cX Zl\ekX Ef% '.''.0'/00
REPUBLICA DEL ECUADOR SUPERINTENDENCIA DE COMPAÑIAS
EXTRACTO CONSTITUCIĂ“N DE LA COMPAĂ‘Ă?A ROTOR WAYS SERVICIOS S.A. La compaĂąĂa ROTOR WAYS SERVICIOS S.A. se constituyĂł por escritura pĂşblica otorgada ante el Notario VigĂŠsimo Segundo del Distrito Metropolitano de Quito, el 02 de Febrero de 2011 , fue aprobada por la Superintendencia de CompaĂąĂas, mediante ResoluciĂłn SC.IJ.DJC. Q.11.000839 de 23 de Febrero de 2011. 1.- DOMICILIO: Distrito Metropolitano de Quito, provincia de PICHINCHA, 2.- CAPITAL: Suscrito US$ 16.000,00 NĂşmero de Acciones 400 Valor US$ 40,00 3.- OBJETO: El objeto de la compaĂąĂa es: LA OPERACIĂ“N PARA EXPLOTAR EL SERVICIO DE TRANSPORTE AÉREO PUBLICO, DOMESTICO NO REGULAR, EN LA MODALIDAD DE TAXI AÉREO, DE PASAJEROS, CARGA Y CORREO EN FORMA COMBINADA EN TODO EL TERRITORIO ECUATORIANO... Quito, 23 de Febrero de 2011. Dr Oswaldo Noboa LeĂłn DIRECTOR JURIDICO DE COMPAĂ‘Ă?AS AC/78071/aa
[\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# Zfe$ kX[fj [\j[\ cX ’ck`dX glYc`ZXZ`�e [\ \jk\ Xm`jf% 8:& (( XX 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# Zfe$ kX[fj [\j[\ cX ’ck`dX glYc`ZXZ`�e [\ \jk\ Xm`jf% 8:& () XX 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# Zfe$ kX[fj [\j[\ cX ’ck`dX glYc`ZXZ`�e [\ \jk\ Xm`jf% 8:& (* XX 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# Zfe$ kX[fj [\j[\ cX ’ck`dX glYc`ZXZ`�e [\ \jk\ Xm`jf% 8:& (+ XX 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# Zfe$ kX[fj [\j[\ cX ’ck`dX glYc`ZXZ`�e [\ \jk\ Xm`jf% 8:& (, XX 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# Zfe$ kX[fj [\j[\ cX ’ck`dX glYc`ZXZ`�e [\ \jk\ Xm`jf% 8:& (- XX 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# Zfe$ kX[fj [\j[\ cX ’ck`dX glYc`ZXZ`�e [\ \jk\ Xm`jf% 8:& (. XX 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# Zfe$ kX[fj [\j[\ cX ’ck`dX glYc`ZXZ`�e [\ \jk\ Xm`jf% 8:& (/ XX
Feh hWhe gk[ i[W [b l[hZWZ[he Wceh" be [i c[dei W‘d gk[ bW l[hZWZ[hW Wc_ijWZ$ B7 HE9>;<EK97KB: 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# Zfe$ kX[fj [\j[\ cX ’ck`dX glYc`ZXZ`�e [\ \jk\ Xm`jf% 8:& (0 XX 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# Zfe$ kX[fj [\j[\ cX ’ck`dX glYc`ZXZ`�e [\ \jk\ Xm`jf% 8:& )' XX 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# Zfe$ kX[fj [\j[\ cX ’ck`dX glYc`ZXZ`�e [\ \jk\ Xm`jf% 8:& )( XX 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# Zfe$ kX[fj [\j[\ cX ’ck`dX glYc`ZXZ`�e [\ \jk\ Xm`jf% 8:& )) XX 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# Zfe$ kX[fj [\j[\ cX ’ck`dX glYc`ZXZ`�e [\ \jk\ Xm`jf% 8:& )* XX 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# Zfe$ kX[fj [\j[\ cX ’ck`dX glYc`ZXZ`�e [\ \jk\ Xm`jf% 8:& )+ XX 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}
REPUBLICA DEL ECUADOR SUPERINTENDENCIA DE COMPAÑIAS
EXTRACTO CONSTITUCION DE LA COMPAĂ‘Ă?A PROVISION DE RECURSOS Y SOLUCIONES TECNICAS PRORESOT CIA LTDA, La compaĂąĂa PROVISION DE RECURSOS Y SOLUCIONES TECNICAS PRORESOT CIA LTDA. se constituyĂł por escritura pĂşblica otorgada ante el Notario VigĂŠsimo Noveno del Distrito Metropolitano de Quito, el 17 de Enero de 2011 , fue aprobada por la Superintendencia de CompaĂąĂas, mediante ResoluciĂłn SC.IJ.DJC.Q.11.000793 de 21 de Febrero 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: A) ACTIVIDADES MERCANTILES EN EL CAMPO INDUSTRIAL, ELECTRICO Y ELECTRONICO, ESTO ES LA COMPRA VENTA, IMPORTACION, EXPORTACIĂ“N, COMERCIALIZACIĂ“N, INSTALACIĂ“N Y REPRESENTACIĂ“N DE DISEĂ‘O DE MATERIAL ELÉCTRICO Y ELECTRĂ“NICO EN TODAS SUS VARIEDADES Y ESPECIES,,, Quito, 21 de Febrero de 2011 Dr Oswaldo Noboa LeĂłn DIRECTOR JURIDICO DE COMPAĂ‘Ă?AS AC/78044/aa
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# Zfe$ kX[fj [\j[\ cX ’ck`dX glYc`ZXZ`�e [\ \jk\ Xm`jf% 8:& ), XX 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# Zfe$ kX[fj [\j[\ cX ’ck`dX glYc`ZXZ`�e [\ \jk\ Xm`jf% 8:& )- XX 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# Zfe$ kX[fj [\j[\ cX ’ck`dX glYc`ZXZ`�e [\ \jk\ Xm`jf% 8:& ). XX 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# Zfe$ kX[fj [\j[\ cX ’ck`dX glYc`ZXZ`�e [\ \jk\ Xm`jf% 8:& )/ XX 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# Zfe$ kX[fj [\j[\ cX ’ck`dX glYc`ZXZ`�e [\ \jk\ Xm`jf% 8:& )0 XX 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# Zfe$ kX[fj [\j[\ cX ’ck`dX glYc`ZXZ`�e [\ \jk\ Xm`jf% 8:& *' XX 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# Zfe$ kX[fj [\j[\ cX ’ck`dX glYc`ZXZ`�e [\ \jk\ Xm`jf% 8:& ( XX 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# Zfe$ kX[fj [\j[\ cX ’ck`dX glYc`ZXZ`�e [\ \jk\ Xm`jf% 8:& ) XX 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# Zfe$ kX[fj [\j[\ cX ’ck`dX glYc`ZXZ`�e [\ \jk\ Xm`jf% 8:& * XX 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# Zfe$ kX[fj [\j[\ cX ’ck`dX glYc`ZXZ`�e [\ \jk\ Xm`jf% 8:& + XX 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# Zfe$ kX[fj [\j[\ cX ’ck`dX glYc`ZXZ`�e [\ \jk\ Xm`jf% 8:& , XX 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# Zfe$ kX[fj [\j[\ cX ’ck`dX glYc`ZXZ`�e [\ \jk\ Xm`jf% 8:& - XX
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# Zfe$ kX[fj [\j[\ cX ’ck`dX glYc`ZXZ`�e [\ \jk\ Xm`jf% 8:& . XX 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# Zfe$ kX[fj [\j[\ cX ’ck`dX glYc`ZXZ`�e [\ \jk\ Xm`jf% 8:& / XX 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# Zfe$ kX[fj [\j[\ cX ’ck`dX glYc`ZXZ`�e [\ \jk\ Xm`jf% 8:& 0 XX 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# Zfe$ kX[fj [\j[\ cX ’ck`dX glYc`ZXZ`�e [\ \jk\ Xm`jf% 8:& (' XX 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# Zfe$ kX[fj [\j[\ cX ’ck`dX glYc`ZXZ`�e [\ \jk\ Xm`jf% 8:& (( XX 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# Zfe$ kX[fj [\j[\ cX ’ck`dX glYc`ZXZ`�e [\ \jk\ Xm`jf% 8:& () XX 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# Zfe$ kX[fj [\j[\ cX ’ck`dX glYc`ZXZ`�e [\ \jk\ Xm`jf% 8:& (* XX 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# Zfe$ kX[fj [\j[\ cX ’ck`dX glYc`ZXZ`�e [\ \jk\ Xm`jf% 8:& (+ XX 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# Zfe$ kX[fj [\j[\ cX ’ck`dX glYc`ZXZ`�e [\ \jk\ Xm`jf% 8:& (, XX 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# Zfe$ kX[fj [\j[\ cX ’ck`dX glYc`ZXZ`�e [\ \jk\ Xm`jf% 8:& (- XX 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# Zfe$ kX[fj [\j[\ cX ’ck`dX glYc`ZXZ`�e [\ \jk\ Xm`jf% 8:& (. XX 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# Zfe$ kX[fj [\j[\ cX ’ck`dX glYc`ZXZ`�e [\ \jk\ Xm`jf% 8:& (/ XX 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# Zfe$ kX[fj [\j[\ cX ’ck`dX glYc`ZXZ`�e [\ \jk\ Xm`jf%
Ĺ? ĂąĹ? Ĺ? Ĺ? Ĺ?Ä‚Ä€Ä Ä
Ĺ? +. Ĺ? ÄŒĹ? 8:& (0 XX 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`Â?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# Zfe$ kX[fj [\j[\ cX Â’ck`dX glYc`ZXZ`Â?e [\ \jk\ Xm`jf% 8:& )' XX 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`Â?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# Zfe$ kX[fj [\j[\ cX Â’ck`dX glYc`ZXZ`Â?e [\ \jk\ Xm`jf% 8:& )( XX 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`Â?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# Zfe$ kX[fj [\j[\ cX Â’ck`dX glYc`ZXZ`Â?e [\ \jk\ Xm`jf% 8:& )) XX 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`Â?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# Zfe$ kX[fj [\j[\ cX Â’ck`dX glYc`ZXZ`Â?e [\ \jk\ Xm`jf% 8:& )* XX 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`Â?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# Zfe$ kX[fj [\j[\ cX Â’ck`dX glYc`ZXZ`Â?e [\ \jk\ Xm`jf% 8:& )+ XX 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`Â?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# Zfe$ kX[fj [\j[\ cX Â’ck`dX glYc`ZXZ`Â?e [\ \jk\ Xm`jf% 8:& ), XX 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`Â?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# Zfe$ kX[fj [\j[\ cX Â’ck`dX glYc`ZXZ`Â?e [\ \jk\ Xm`jf% 8:& )- XX 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`Â?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# Zfe$ kX[fj [\j[\ cX Â’ck`dX glYc`ZXZ`Â?e [\ \jk\ Xm`jf% 8:& ). XX 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`Â?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# Zfe$ kX[fj [\j[\ cX Â’ck`dX glYc`ZXZ`Â?e [\ \jk\ Xm`jf% 8:& )/ XX 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`Â?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# Zfe$ kX[fj [\j[\ cX Â’ck`dX glYc`ZXZ`Â?e [\ \jk\ Xm`jf% 8:& )0 XX 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`Â?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# Zfe$ kX[fj [\j[\ cX Â’ck`dX glYc`ZXZ`Â?e [\ \jk\ Xm`jf% 8:& *' XX 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`Â?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
Ä Ä
Xc 9XeZf# [\ekif [\ cfj () [ˆXj# Zfe$ kX[fj [\j[\ cX ’ck`dX glYc`ZXZ`�e [\ \jk\ Xm`jf% 8:& *( XX 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# Zfe$ kX[fj [\j[\ cX ’ck`dX glYc`ZXZ`�e [\ \jk\ Xm`jf% 8:& *) XX 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# Zfe$ kX[fj [\j[\ cX ’ck`dX glYc`ZXZ`�e [\ \jk\ Xm`jf% 8:& ** XX 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# Zfe$ kX[fj [\j[\ cX ’ck`dX glYc`ZXZ`�e [\ \jk\ Xm`jf% 8:& *+ XX 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:& *, XX 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:& *- XX 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:& *. XX 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:& */ XX 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:& *0 XX 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:& ( XX 4444444 Gfi fi[\e [\c k`klcXi [\ cX Zl\ekX 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 e’d\if /*0 Xc e’d\if /*0 8:& ) XX 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 e’d\if ()0 Xc e’d\if ()0 8:& * XX 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$
Ĺ? Ĺ?
Ĺ?
Ĺ? Ĺ?
Ĺ?
Ä Ä‚
Ĺ? ĂąĹ? Ĺ? Ĺ? Ĺ?Ä‚Ä€Ä Ä
Ĺ? +. Ĺ? ÄŒĹ?
[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:& + XX 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:& , XX 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:& - XX 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:& . XX 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 (0/ 8:& / XX 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:& 0 XX 4444444 Gfi fi[\e [\c k`klcXi [\ cX Zl\ekX Zfii`\ek\ Ef% )00-+' [\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:& (' XX 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:& (( XX 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:& () XX 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:& (* XX 4444444 Gfi fi[\e [\c k`klcXi [\ cX Zl\ekX Zfii`\ek\ Ef% )0,0-* [\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:& (+ XX 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:& (, XX 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:& (- XX 4444444 Gfi fi[\e [\c k`klcXi [\ cX Zl\ekX Zfii`\ek\ Ef% (,'-00 [\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:& (. XX
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:& (/ XX 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 XX 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\e$ kX Zfii`\ek\ Ef% +,'''(.00 [\c 9XeZf @ek\ieXZ`feXc J%8% Ef% :_\hl\ *+-, MXcfi1 (%''' =\Z_X [\ >`if1 )/&D8PF&)'('% 8 cX fi[\e [\1 IF9<IKF M8IF:8 8:& )' XX 44444 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 *,+.%-' 8:& )( XX 44444 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 (+&=<9&)'((% 8:& )) XX 44444 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(/ 8:& )* XX 44444 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 )'''%'' 8:& )+ XX 44444 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\ +'+ $+', $+'- 8:& ), XX 44444 Gfi _XY\ij\ G<I;@;F j\ mX e X XelcXi \c cfj j`^l`\ek\ j Z_\hl\ j # X ZXi^f [\ cX Zl\ekX Zfii`\ek\ Ef% '-''(*.(.. [\c 9XeZf @ek\ieXZ`feXc J%8% Ef% :_\hl\ -+,* MXcfi1 ,'%'' =\Z_X [\ >`if1 )'&O@@&)'('% 8 cX fi[\e [\1 8L>LJKF J8D8E@<>F 8:& )- XX 44444 Gfi _XY\ij\ G<I;@;F j\ mX e X XelcXi \c cfj j`^l`\ek\ j Z_\hl\ j # X ZXi^f [\ cX Zl\ekX Zfii`\ek\ Ef% -)/',, [\c 9XeZf @ek\ieXZ`feXc J%8% Ef% :_\hl\ +//* MXcfi1 *-(%/- =\Z_X [\ >`if1 '/&;@:&('% 8 cX fi[\e [\1 G8E 8D<I@:8E C@=< 8:& ). XX 44444 Gfi _XY\ij\ G<I;@;F j\ mX e X XelcXi \c cfj j`^l`\ek\ j Z_\hl\ j # X ZXi^f [\ cX Zl\ekX Zfii`\ek\ Ef% -('+0' [\c 9XeZf @ek\ieXZ`feXc J%8% Ef% :_\hl\ *''.) MXcfi1 )'+%*/ =\Z_X [\ >`if1 )/&<E<&((% 8 cX fi[\e [\1 C@:% E<CJFE C<;<JD8 8:& )/ XX 44444 Gfi _XY\ij\ G<I;@;F j\ mX e X XelcXi \c cfj j`^l`\ek\ j Z_\hl\ j # X ZXi^f [\ cX Zl\ekX Zfii`\ek\ Ef% '+)'''*/-0 [\c 9XeZf @ek\ieXZ`feXc J%8% Ef% :_\hl\ *)- MXcfi1 +.-%-- =\Z_X [\ >`if1 )($(($)'('% 8 cX fi[\e [\1 I<GJFC>8J 8:& )0 XX 44444 Gfi _XY\ij\ G<I;@;F j\ mX e X XelcXi \c cfj j`^l`\ek\ j Z_\hl\ j # X ZXi^f [\ cX Zl\ekX Zfii`\ek\ Ef% ',,'-'.,', [\c 9XeZf @ek\ieXZ`feXc J%8% Ef% :_\hl\ *(+ 8:& *' XX 44444 Gfi _XY\ij\ G<I;@;F j\ mX e X XelcXi \c cfj j`^l`\ek\ j Z_\hl\ j # X ZXi^f [\ cX Zl\ekX Zfii`\ek\ Ef% ),'-'.*/) [\c 9XeZf @ek\ieXZ`feXc J%8% Ef%
Ĺ?
:_\hl\ -*. MXcfi1 ()'%'' =\Z_X [\ >`if1 ).$'($)'((% 8 cX fi[\e [\1 <;L8I;F M8J:F 8:& *( XX 44444 Gfi _XY\ij\ G<I;@;F j\ mX e X XelcXi \c cfj j`^l`\ek\ j Z_\hl\ j # X ZXi^f [\ cX Zl\ekX Zfii`\ek\ Ef% +')0' [\c 9XeZf @ek\ieXZ`feXc J%8% Ef% :_\hl\ --.. MXcfi1 -'%'' =\Z_X [\ >`if1 ).$<E<$((% 8:& *) XX 44444 Gfi _XY\ij\ G<I;@;F j\ mX e X XelcXi \c cfj j`^l`\ek\ j Z_\hl\ j # X ZXi^f [\ cX Zl\ekX Zfii`\ek\ Ef% -''-'/+)- [\c 9XeZf @ek\ieXZ`feXc J%8% Ef% :_\hl\ 00/ MXcfi1 (('' 8:& ** XX 44444 Gfi _XY\ij\ G<I;@;F j\ mX e X XelcXi \c cfj j`^l`\ek\ j Z_\hl\ j # X ZXi^f [\ cX Zl\ekX Zfii`\ek\ Ef% /''-'-),) [\c 9XeZf @ek\ieXZ`feXc J%8% Ef% :_\hl\ /'0/) MXcfi1 *)(%/( =\Z_X [\ >`if1 '*$'($)'((% 8 cX fi[\e [\1 8E;P :<I;8 8D@B8I 8:& *+ XX 44444 Gfi _XY\ij\ G<I;@;F j\ mX e X XelcXi \c cfj j`^l`\ek\ j Z_\hl\ j # X ZXi^f [\ cX Zl\ekX Zfii`\ek\ Ef% ),'''),+// [\c 9XeZf @ek\ieXZ`feXc J%8% Ef% :_\hl\ (-- MXcfi1 /+%'' =\Z_X [\ >`if1 ',&'(&)'((% 8 cX fi[\e [\1 D8% <JK?<I G8E:?@ 8:& *, XX 44444 Gfi _XY\ij\ G<I;@;F j\ mX e X XelcXi \c cfj j`^l`\ek\ j Z_\hl\ j # X ZXi^f [\ cX Zl\ekX Zfii`\ek\ Ef% *0'-'*-,- [\c 9XeZf @ek\ieXZ`feXc J%8% Ef% :_\hl\ )+. MXcfi1 ))'%'' =\Z_X [\ >`if1 '0$')$)'((% 8 cX fi[\e [\1 <IE<JKF :8z8I 8:& *- XX 44444 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 *,'%'' 8:& *. XX 44444 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 +0(%,, =\Z_X [\ >`if1 '(&=<9&((% 8 cX fi[\e [\1 F@;@C@8 ;LI8E>F N@CJFE 8:& */ XX
COOPROGRESO ;\Y`[f X cX g„i[`[X [\ cX 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 >L8:?8D@E FEK8E<;8 E<CJFE <IE<JKF 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:&&XX 44444 ;\Y`[f X cX g„i[`[X [\ cX C`Yi\kX :\ik`]`ZX[fj ;G= Ef% '((;G=''((*,)0 [\ cX :ffg\iXk`mX [\ 8_fiif p :i„[`kf :ffgif^i\jf C`d`kX[X# g\ik\e\$ Z`\ek\ X 8CM8I8;F J8C8Q8I J8E;I8 CL:@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:&&XX 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 KF8G8EK8 KF8J8 D8EL<C 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:&&XX 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 8E>LCF >L<II<IF AL8E8 <JG<I8EQ8 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:&&XX 44444 ;\Y`[f X cX g„i[`[X [\ cX C`Yi\kX
Kd Wc_]e c‡e [i ejhe oe$ P;DâD
[\ 8_fiifj Ef '/('(-)00( [\ cX :ffg\iXk`mX [\ 8_fiif p :i„[`kf :ffgif^i\jf C`d`kX[X# g\ik\$ e\Z`\ek\ X @Q8 A8:?F D8EL<C 8EKFE@F 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:&&XX 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 >L@CC<E AFJ< A8M@<I 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:&&XX 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 J88M<;I8 IF;I@>L<Q ;@<>F =<IE8E;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:&&XX 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 ;8M@C8 K89F8;8 ?L>F 8I:<:@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:&&XX 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 CLE8 HL@EK<IF FD8PI8 8C<A8E;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 [fZl$ d\ekf cfj i\ZcXd\% 8:&&XX 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 :8>L8E8 KFI8J@E8 CL@J 8C9<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:&&XX 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 >L8K<D8C E<GG8J CL@J GFC@9@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:&&XX 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:?<:F :FE:?8 AL8E O8M@<I 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:&&XX 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 D@>L<C <;L8I;F >FP<J G8JKI8E8 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:&&XX 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 M@C8z8 KFGFE D@CKFE
><ID8E 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:&&XX 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 >8IQFE E8I8EAF CLQ D8I@9<C 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:&&XX 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 D8C;FE8;F D<A@8 I@K8C ;<C :8ID<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:&&XX 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 8I>L<CCF 8I>L<CCF M@:<EK< J<>LE;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:&&XX 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 P8I 8P8C8 A?FEP A8M@<I 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:&&XX 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 KLK8C:?8 CL@J >L@CC<IDF 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:&&XX 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 J@E:?< M@CC8 J@CM@8 CFI<E8 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:&&XX 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 J8C8Q8I IFD<IF D8IK?8 9<8KI@Q 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:&&XX 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@CC8AF :8II<I8 AFJ< 9<@E<I@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:&&XX 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 8CFDFKF CCLD@HL@E>8 CL@J D8I@F 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:&&XX 44444 ;\Y`[f X cX g„i[`[X [\ cX 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 J8C>8;F :<M8CCFJ <EI@HL< 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:&&XX 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 K<EFI@F >L8CG8 D8I@8 <JG<I8EQ8 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:&&XX
BANCO RUMIĂ‘AHUI HL<;8 8ELC8;8 Gfi g„i[`[X [\ cX c`Yi\kX [\ X_fiifj Ef% /(+-,)-*'' Eif% :XikfcX (.+0./-''0) [\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`Â?e% 8:&-0), ( XX 44444 HL<;8 8ELC8;8 Gfi g„i[`[X [\ cX c`Yi\kX [\ X_fiifj Ef% /'+--')-'' Eif% :XikfcX (--0(,''('/ [\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`Â?e% 8:&-0), ) XX 44444 HL<;8 8ELC8;8 Gfi g„i[`[X [\ cX c`Yi\kX [\ X_fiifj Ef% /('0+-,+'' Eif% :XikfcX (.(0+',')(( [\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`Â?e% 8:&-0), * XX 44444 HL<;8 8ELC8;8 Gfi g„i[`[X [\ cX c`Yi\kX [\ X_fiifj Ef% /))',-).'' 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`Â?e% 8:&-0), + XX 44444 HL<;8 8ELC8;8 Gfi g„i[`[X [\ cX c`Yi\kX [\ X_fiifj Ef% /'(.)(-('' Eif% :XikfcX (.0//'''''' [\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`Â?e% 8:&-0), , XX 44444 HL<;8 8ELC8;8 Gfi g„i[`[X [\ cX c`Yi\kX [\ X_fiifj Ef% /'..'0/*'' Eif% :XikfcX (-0,0(.'))) [\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`Â?e% 8:&-0), - XX 44444 HL<;8 8ELC8;8 Gfi g„i[`[X [\ cX c`Yi\kX [\ X_fiifj Ef% /'(-0-0''' Eif% :XikfcX (.+0''+'+(( [\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`Â?e% 8:&-0), . XX 44444 HL<;8 8ELC8;8 Gfi g„i[`[X [\ cX c`Yi\kX [\ X_fiifj Ef% /'-((,.''' 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`Â?e% 8:&-0), / XX 44444 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`Â?e% 8:&-0), 0 XX 44444 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 ’ck`dX glYc`ZXZ`�e% 8:&-0), (' XX 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:&-0), (( XX 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:&-0), () XX 44444 HL<;8 8ELC8;8 Gfi g„i[`[X [\ cX c`Yi\kX [\ X_fiifj Ef% /''/*'0-'' 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:&-0), (* XX 44444 HL<;8 8ELC8;8 Gfi g„i[`[X [\ cX c`Yi\kX [\ X_fiifj Ef% /'-)*-,0'' Eif% :XikfcX (.+-//+'*0- [\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:&-0), (+ XX 44444 HL<;8 8ELC8;F Gfi IfYf [\c :_\hl\ Ef% ((+/( 8C ((+/* [\ cX :kX Ef% /''(*'**'+ g\ik\e\Z`\ek\ X >ILM@GIF >ILGF ;< M@>@C P [\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:&-0), (, XX 444444 HL<;8 8ELC8;F Gfi IfYf [\c :_\hl\ Ef% (().. 8C (()// [\ cX :kX Ef% /''(*'**'+ g\ik\e\Z`\ek\ X >ILM@GIF >ILGF ;< M@>@C P [\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:&-0), (- XX
BANCO PROCREDIT 9XeZf GifZi\[`k J%8% gfe\ \e ZfefZ`d`\ekf [\c gÂ’Yc`Zf# cX Xel$ cXZ`Â?e gfi g„i[`[X [\ cX c`Yi\kX [\ X_fiifj Ef% *''('((,0*,// [\c Ji% >L8D@E>8 M8CC<J @ID8E D8IK?8 Zfe eÂ’d\if [\ Z„[lcX (.')+,),'. 8I&/(.*)&ZZ 444444 9XeZf GifZi\[`k J%8% gfe\ \e ZfefZ`d`\ekf [\c gÂ’Yc`Zf# cX Xel$ cXZ`Â?e gfi g„i[`[X [\ cX c`Yi\kX [\ X_fiifj Ef% (''('((-(0*,* [\ cX JiX% Q8D9I8EF CFG<Q ><FM8EE8 I8HL<C Zfe eÂ’d\if [\ Z„[lcX (.))***/-0 8I&/(.**&ZZ 444444 9XeZf GifZi\[`k J%8% gfe\ \e ZfefZ`d`\ekf [\c gÂ’Yc`Zf# cX Xel$ cXZ`Â?e gfi g„i[`[X [\ cX c`Yi\kX [\ X_fiifj Ef% '('('('0.'),+ [\ cX JiX% :8EKLz8 DFIC<J :8ID<E 9<8KI@Q Zfe eÂ’d\if [\ Z„[lcX (.'+0.00/8I&/(.*+&ZZ 444444 9XeZf GifZi\[`k J%8% gfe\ \e ZfefZ`d`\ekf [\c gÂ’Yc`Zf# cX Xel$ cXZ`Â?e gfi g„i[`[X [\ cX c`Yi\kX Ef% '+'''/+ [\ cX Zl\ekX [\ X_fiifj *''('((,/+,+' X efdYi\ [\c j\ÂŒfi Af\c <ie\jkf 9ljkfj K`gXq :%@% (.(,'.)+)$, 8I&/(.+(&ZZ 444444Ăˆ9XeZf GifZi\[`k J%8% Gfe\ \e ZfefZ`d`\ekf [\c gÂ’Yc`$ Zf# cX XelcXZ`Â?e gfi ifYf [\ cX C@9I<K8 '+*((-. Zl\ekX EF% (-$'('('-*,).$0 X efdYi\ [\ ?<I<;@8 J<>LE;F AFJ< :@ (.('*(.(0$. 8:&./',-&XXm 44 Ăˆ9XeZf GifZi\[`k J8 Gfe\ \e ZfefZ`d`\ekf [\c glYc`Zf# cX Xel$ cXZ`Â?e gfi g\Ă‹i[`[X [\ cX c`Yi\kX Ef '+)-*0+ [\ cX Zl\ekX [\ X_fiifj (''('('./*-)/ X efdYi\ [\ cX j\ÂŒfiX DXiˆX D\iZ\[\j J\^liX :Xjk\ccXefj :@# (.'(0'.+')É 8:&./',,&XXm 44 Ăˆ9XeZf GifZi\[`k J%8% Gfe\ \e ZfefZ`d`\ekf [\c gÂ’Yc`Zf# cX Xel$ cXZ`Â?e gfi ifYf [\ cX C@9I<K8 '+),,00 Zl\ekX EF% ('$'('($ (-'/(., X efdYi\ [\ D8I@8 G<z8=@<C >I@J<C;8 <CF@J8 :@
(.'*'0*++( 8:&./',.&XXm
BANCO PROMERICA J\ XelcX gfi g„i[`[X cX C`Yi\kX Ef% -('+.(0'(, [\c 98E:F GIFD<I@:8# g\ik\e\Z`\ek\ X :8E>8?L8D@E @G@8C<J D8I@8 *+.+*, hl`\e k\e^X [\i\Z_f [\Y\i} i\ZcXdXi [\ekif [\ cfj () [ˆXj gfjk\i`fi\j X cX ’ck`dX glYc`ZXZ`�e% 8:&00,0&XX 444444 J\ XelcX gfi g„i[`[X cX C`Yi\kX Ef -',(+,*'(+ [\c 98E:F GIFD<I@:8# g\ik\e\Z`\ek\ X :FEALEKF I<J@;<E:@8C CFJ :FG@?L<J **.*)( hl`\e k\e^X [\i\Z_f [\Y\i} i\ZcXdXi [\ekif [\ cfj () [ˆXj gfjk\i`fi\j X cX ’ck`$ dX glYc`ZXZ`�e% 8:&00,.&XX 444 J\ XelcX gfi g„i[`[X cX C`Yi\kX Ef -().((+'(/ [\c 98E:F GIFD<I@:8# g\ik\e\Z`\ek\ X CL@J <;L8I;F DFC@E8 **-(', hl`\e k\e^X [\i\Z_f [\Y\i} i\ZcX$ dXi [\ekif [\ cfj () [ˆXj gfjk\i`f$ i\j X cX ’ck`dX glYc`ZXZ`�e% 8:&00,*&XX 4444 J\ XelcX gfi g„i[`[X cX G�c`qX [\ @em\ij`�e Ef *',((-*. [\c 98E:F GIFD<I@:8# g\ik\e\$ Z`\ek\ X >8I:@8 GI8;F IFJ8 MXcfi (#0./%(+ =<% (.&')&)''0 && =M& '/&')&)'(( hl`\e k\e^X [\i\Z_f [\Y\i} i\ZcXdXi [\ekif [\ cfj () [ˆXj gfjk\i`fi\j X cX ’ck`$ dX glYc`ZXZ`�e% 8:&00,-&XX
BANCO CENTRAL DEL ECUADOR Jfc`Z`kXdfj [`jgfe\i j\ XYjk\e$ ^X [\ gX^Xi gfi g„i[`[X [\ cX Zl\ekX Zfii`\ek\ Ef% '(-''*/- X efdYi\ [\ 9XeZf Gifd\i`ZX Zfe]fid\ \c j`^l`\ek\ [\kXcc\1 cfj j`^l`\ek\ Z_\hl\j1 :_\hl\ Ef% --/)'2 --/)(2 --/))2 --/)*2 --/)+2 --/), MXcfi1 )%'''%''2 (%'''%''2 (%'''%''2 (%'''%''2 (%'''%''2 (%'''%''2 9\e\]`Z`Xi`f1 C<PM8 FID8Q8 G8C8:@FJ2 C<PM8 FID8Q8 EF9F82 :<:@C@8 FID8Q8 EF9F82 =<IE8E;F FID8Q8 G8C8:@FJ2 =I8EBC@E 8>L@C8I C<FE2 :<:@C@8 D8IK@E<Q A8@D< =\Z_X [\ <d`j`�e1 '+&'(&)'((2 =\Z_X g„i[`[X '+&'(&)'((% 8:& ( XX 444444 Jfc`Z`kXdfj [`jgfe\i j\ XYjk\e^X [\ gX^Xi gfi g„i[`[X [\ cX Zl\ekX Zfii`\ek\ Ef% '(-''*/- Zfii\j$ gfe[`\ek\ Xc 98E:F GIFD<I@:8 XYjk\e^X [\ gX^Xi X cfj j`^l`\ek\ Z_\hl\j1 :_\hl\ Ef% *)/'- MXcfi1 )''%*' 9\e\]`Z`Xi`f1 >8IFB8 J%8% =\Z_X [\ <d`j`�e1 (0&('/)''- =\Z_X g„i[`[X1 '-&'(&)'(( 8:& ) XX
BANCO DE GUAYAQUIL J\ gfe\ \e ZfefZ`d`\ekf [\c g’Yc`$ Zf hl\ _\dfj j`[f efk`]`ZX[fj [\ cX g„i[`[X [\ cX C`Yi\kX [\ 8_fiifj Ef% )(+()**/ fkfi^X[X gfi efjf$ kifj X1 I8DFJ I@M<I8 G8KI@:@8 8C<O8E;I8 8:& ( XX 4444444 J\ gfe\ \e ZfefZ`d`\ekf [\c g’Yc`Zf hl\ _\dfj j`[f efk`]`ZX$ [fj [\ cX g„i[`[X [\ cX C`Yi\kX [\ 8_fiifj Ef% )(+('()* fkfi^X[X gfi efjfkifj X1 J8C8Q8I G8;@CC8 :8ID<E CFI<E8 8:& ) XX
8ELC8:@FE<J M8I@8J J\ XelcX cX C`Yi\kX [\ cX :l\ekX [\ 8_fiifj +,'(*/0.,)# [\ cX :ffg\iXk`mX [\ 8_fiif )0 [\ FZklYi\# [\c Ji% <D@C@F AFJ< A8I8D@CCF M8:8% 8:&./'(,&XX 444444