Ä
Ĺ?
(1#!3.1 Ä“ĹŠ ĹŠ ĹŠ }
Ä–ĹŠ ĹŠ ^ ĹŠ
'$ B7I ;I9K;B7I CĂ›:>78 ;d ƒfeYW Z[ bW Z_dWij‡W Ec[oW" bei YWb_\Wi cWdjkl_[hed [b cede# feb_e W bW ^ehW Z[ _dj[hfh[jWh bW Y^W# h‡W1 f[he" Yed [b YWcX_e Z_d|ij_Ye" ZkhWdj[ [b ]eX_[hde Z[ bei WX|i_ZWi e WXWi‡[i " [i[ Yedjheb Z[b :[h[Y^e ?ib|c_Ye fWiÂŒ W cWdei Z[ bei kb[# cWi [nf[hjei [d bW b[o _ib|c_YW$ >WY_W [b W‹e .&&" Wgk[b :[h[Y^e i[ Yedl_hj_ÂŒ [d _dckjWXb[ Z[ \ehcW gk[ bW WYj_l_ZWZ `kh‡Z_YW i[ b_c_# jÂŒ W jhWdic_j_h bW _dj[hfh[jWY_ÂŒd Z[ bW b[o Z_l_dW jWb o Yece ^WX‡W i_Ze h[Y_X_ZW1 f[he" Yed [b fWie Z[b j_[cfe" \k[hed ikh]_[dZe dk[lWi i_jkWY_ed[i o YWiei fWhj_YkbWh[i gk[ Z[X‡Wd WZ[YkWhi[ W bWi \k[dj[i Z[b :[h[Y^e ?ib|c_Ye1 fWhW _dj[h# fh[jWh bW dehcWj_lW" W \_dWb[i Z[b i_]be L??? [cf[pWhed W ikh]_h bWi [iYk[bWi `kh‡Z_YWi$ 7 ]hWdZ[i hWi]ei" Wkdgk[ ^Wd [n_ij_Ze Wb]kdWi ejhWi" feZ[cei ^WXbWh Z[ YkWjhe ZeYjh_dWi ikd‡[i" jh[i Y^_‡[i o kdW `Wh_o‡ gk[ i[ Z[iW# hhebbWhed W bW iecXhW Z[ kd h[Ye# deY_Ze `kh_ijW gk[ Z_e decXh[ W YWZW c|Z^WX$ JeZWi [bbWi Ă„[nY[f# je bW Y^_‡ <Wj_c‡Ä i[ XWiWd [d bWi Zei \k[dj[i fh_dY_fWb[i 9eh|d o ^WZ_Y[i f[he lWh‡Wd [d bWi i[Ykd# ZWh_Wi kdWi fh_cWd [b Yedi[die Z[b _Y^c|1 ejhWi" [b _dj[hƒi f‘Xb_# Ye e bW Yedl[d_[dY_W" [jY$ $ Ied bWi i_]k_[dj[i0 š ;iYk[bWi Ikd‡[i0 e >WdW\‡0 [i bW c|i Wdj_]kW o bW c|i WX_[hjW$ Ik Y_[dY_W `kh‡Z_# YW \_g^ bW \kdZÂŒ 7X‘ >Wd_\W o i[ [bWXehW jecWdZe Yece XWi[ [b _Y^c|" bW WdWbe]‡W Z[b gk_o|i o Ă„ik dejW YWhWYj[h‡ij_# YWĂ„ jhWjWdZe Z[ gk[ i[ _cfWhjW `kij_Y_W" i_cfb[c[dj[" fk[Z[d XkiYWh Wgk[bbW Wfb_YWY_ÂŒd gk[ W ik `k_Y_e i[W bW c[`eh" c[Z_Wdj[ bW Yedl[d_[dY_W ?ij_^i|d $ ;ijW Z_iYh[Y_edWb_ZWZ ^W i_Ze cko Yh_j_YWZW feh bei ckikbcWd[i c|i Yedi[hlWZeh[i1 Wkd Wi‡" [i bW [iYk[bW ikd‡ Yed cWoeh d‘c[he Z[ i[]k_Zeh[i$ e 9^W\_‡0 gk_[d i_ij[cWj_pÂŒ bWi \k[dj[i Z[b Z[h[Y^e [d 9eh|d" IkddW" Yedi[die o WdWbe]‡W$ EfjW feh [b Yecfhec_ie Z[ jeZW
"(3.1 ĹŠ ÂĄ ĹŠ
g Ĺ?ĂăĹ? Ĺ? Ĺ? Ĺ?Ä‚Ä€Ä Ä
Ĺ? +. Ĺ? ÄŒĹ? Ĺ? +Ä?Ĺ?ĊĆĂĀ
Ŋ Ŋ ¥ Ŋ Ŋ Ŋ Ŋ ŊŊŊŊ'33/ľľ666ē"#1#!'.#!4 ".1ē!.,
ĹŠ +ĹŠ #1#!'.ĹŠ
(1#!!(¢-Ä–ĹŠ 1#- 2ĹŠ8ĹŠÄˆÄ‡ĹŠ"#ĹŠ %.23.ĔŊ "($Ä“ĹŠ (5 -!.ĔŊĎ3.Ä“ĹŠ/(2.ŊġŊ #+_$.-.2Ä–ĹŠÄ‰ÄŽÄŽÄˆÄąÄŽÄŽÄ‰ÄľÄ‰ÄŽÄŽÄŽÄąÄŒÄŠÄˆÄľÄ‰ÄŽÄ‡Ä‡ÄąÄ‰ÄŒÄŽÄľÄ‰ÄŽÄŽÄ‰ÄąÄˆÄŠÄŽĹŠĹŠÄˇĹŠ Äą, (+Ä– ĹŠ)4"(!( +Äž"#1#!'.#!4 ".1Ä“!.,ĹŠ
2+;,(!. bW Yeckd_ZWZ Z[ \_[b[i" \ec[d# jWdZe ik fWhj_Y_fWY_Œd$ e CWb_a‡0 c|i h_]kheiW gk[ bWi Wdj[h_eh[i" bW \kdZŒ C|b_a ?Xd 7d|i gk[ [iYh_X_Œ [b fh_c[h cWdkWb Z[ :[h[Y^e ?ib|c_Ye j_jkbWZe Wb#CkmWjjW$ 7 bWi YkW# jhe \k[dj[i ikd‡[i Z[b :[h[Y^e b[ ikcWd [b _dj[hƒi f‘Xb_Ye CWibW^W " bW ef_d_Œd Z[ bWi Wkjeh_ZWZ[i HWo o bWi Yei# jkcXh[i beYWb[i W`[dWi Wb ?ibWc Kh\ $ e >WdXWb‡0 bW c|i h_]kheiW Z[ bWi YkWjhe$ :[ Wgk‡ fheY[Z[ [b MW^WX_ice Z[ 7hWX_W IWkZ‡$ <k[ Yh[WZW feh 7^cWZ ?Xd >|dXWb o Z[ijWYW feh ik YWh|Y# j[h h‡]_Ze o jhWZ_Y_edWb" Wf[]WZe b_j[hWbc[dj[ Wb 9eh|d o bei ^WZ_# Y[i" de h[Ykhh[ d_ Wb Yedi[die d_
W bW WdWbe]‡W$ š ;iYk[bWi 9^_‡[i0 e PW_Z‡0 kd jWjWhWd_[je Z[ CW^ecW Ă„PW‡Z ?Xd 7b‡Ä Yh[ÂŒ [ijW [iYk[bW i_jkWZW W c[Z_e YWc_de [djh[ bWi YkWjhe ikd‡[i o bWi ejhWi Zei Y^_‡[i1 Z[ ^[Y^e" ^Wo gk_[d Yedi_Z[hW gk[ [i kdW ZeYjh_dW _ib|c_YW Z_ij_djW Z[ [iWi Zei Yehh_[dj[i$ e <Wj_c‡0 bW [iYk[bW Z[ [ij[ ]hkfe Z[ bei _icW[b_jWi YedY[Z[ kd lWbeh WXiebkje Wb Yh_j[h_e Z[ iki _cWd[i o Wb [`[hY_Y_e Z[ ik Wkje# h_ZWZ$ e OW\Wh‡0 [b i[nje _c|d" O|\Wh 7b# I|Z_g ZW decXh[ W [ijW ZeYjh_dW `kh‡Z_YW cWhYWZW feh ik hWY_e# dWb_ice 7gb " ZedZ[ bW hWpÂŒd Z[b i[h ^kcWde j_[d[ kdW l_jWb _cfehjWdY_W fWhW Z_ij_d]k_h [djh[ be gk[ [ij| X_[d o be gk[ [ij| cWb$
š ;iYk[bW @Wh_o‡0 e ?XWZ‡0 cko c_deh_jWh_W" fheY[# Z[ Z[b decXh[ Z[ 7XZWb| ?Xd ?XWZ o h[‘d[ [b[c[djei Y^‡[i o ikd‡[i$ ($ ;D9K;DJHE O H;9>7PE 9ED ;B :;H;9>E E99?:;DJ7B ;d [b jhWdiYkhie Z[ bW ;ZWZ CeZ[hdW" bW c_icW Y_l_b_pWY_Œd ckikbcWdW gk[ dei ^WX‡W b[]WZe [b |b][XhW" bW ][ec[jh‡W WdWb‡j_YW" bW dkc[hWY_Œd Z[Y_cWb" bei be]W# h_jcei" bWi del[bWi" bW ]k_jWhhW" bW Y_hk]‡W e bW hejWY_Œd Z[ bW j_[hhW ieXh[ ik [`[" Z[ fhedje" [djhŒ [d kd fhe\kdZe Z[Yb_l[ c_[djhWi ;khefW eYkfWXW kd bk]Wh fh_cehZ_Wb [d [b ckdZe$ 7kdgk[ bWi YkbjkhWi _ib|c_YWi o [khef[W eYY_Z[djWb l[d‡Wd WhhWijhWdZe Yed\b_Yjei Z[iZ[
bWi 9hkpWZWi" [b WYedj[Y_c_[dje gk[ cWhYÂŒ kdW ^k[bbW _dZ[b[Xb[ [d [b ckdZe ckikbc|d" eXb_]|d# Zeb[ W h[Wb_pWh YWcX_ei _hh[l[hi_# Xb[i" \k[ bW _dlWi_ÂŒd Z[ ;]_fje [d '-/. feh bWi jhefWi Z[ DWfeb[ÂŒd$ ;djedY[i" bei fW‡i[i ckikbcWd[i jecWhed YedY_[dY_W Z[ gk[ Ă„Wkd# gk[ Yh[o[hWd i[dj_hi[ ikf[h_eh[i W ;khefW" Z[iZ[ kd fkdje Z[ l_ijW cehWbĂ„ ik eh]Wd_pWY_ÂŒd feb‡j_YW [hW dejWXb[c[dj[ _d\[h_eh$ 9ece ^W i[‹WbWZe De[b @$ 9ekbied" ÆbW [ijhkYjkhW Z[ bei [ijWZei ckikbcWd[i" Wi‡ Yece bW ieY_[ZWZ" i[ ^WX‡W cWdj[d_Ze \kdZWc[djWbc[dj[ [ij|j_YWÇ be gk[ [nfb_YW gk[ bW Y^Wh‡W fkZ_[hW WZWfjWhi[ Wb fWie Z[ j_[c# fe1 f[he" W hW‡p Z[ bW _dlWi_ÂŒd dWfe# b[ÂŒd_YW Z[ \_dWb[i Z[b i_]be NL???" ckY^ei ]eX[hdWdj[i ckikbcWd[i Ă„gk[ gk[h‡Wd Z[ifh[dZ[hi[ Z[b \ƒhh[e Yedjheb ejÂŒcWdeĂ„ _dj[d# jWhed Yh[Wh iki fhef_ei ;ijWZei" i_]k_[dZe bei ceZ[bei [khef[ei" f[he \hWYWiWhed [d [b _dj[dje feh Zei cej_lei fh_dY_fWb[i0 š Feh kd bWZe" YWh[Y‡Wd Z[ kdW [ijhkYjkhW X|i_YW fWhW Yedijhk_h kdW 7Zc_d_ijhWY_ÂŒd F‘Xb_YW" [b[c[dje _cfh[iY_dZ_Xb[ fWhW eh]Wd_pWh kd ;ijWZe1 o" š Feh ejhe" b[i \WbjWXW [b fh[ik# fk[ije d[Y[iWh_e fWhW ieij[d[h jeZei bei ]Wijei gk[ ikfed‡W _c_jWh W ;khefW" Yed kdei Yei# j[i _dWikc_Xb[i fWhW iki WhYWi$ ;d Wb]kdei YWiei Ă„Yece [b fhe# f_e ?cf[h_e EjÂŒcWdeĂ„ bei _dj[d# jei Z[ _cfbWdjWh [ijWi h[\ehcWi iÂŒbe Yedi_]k_[hed [b [\[Yje Yed# jhWh_e0 Z[X_b_jWh bWi [ijhkYjkhWi [YedÂŒc_YWi" feb‡j_YWi o WZc_d_i# jhWj_lWi ^WijW [b fkdje Z[ WY[b[hWh ik Z[Yb_l[$ EYkhh_ÂŒ Yed bW bbWcWZW JWdp_cWj gk[" [d jkhYe i_]d_\_YW Æh[]kbWY_ÂŒd o eh]Wd_pWY_ÂŒdÇ kdW feb‡j_YW Z[ h[delWY_ÂŒd gk[ bb[lÂŒ W YWXe" [djh[ '.)/ o '.-," W jeZei bei d_l[b[i" Yed [b fhefÂŒi_je Z[ ceZ[hd_pWhi[ Wdj[ bW fh[i_ÂŒd Z[ bWi fej[dY_Wi eYY_Z[djWb[i$ :[iZ[ [b i_]be N?N" [b YedjWYje [djh[ WcXWi Y_l_b_pWY_ed[i i[ \k[ [ijh[Y^WdZe" YWZW l[p c|i" f[he Yece bW YkbjkhW eYY_Z[djWb i[ Wi[d# jWXW ieXh[ _dij_jkY_ed[i gk[ [hWd Yecfb[jWc[dj[ W`[dWi W bW Yei# jkcXh[ _ib|c_YW o W ik :[h[Y^e" [b Yed\b_Yje \k[ _d[l_jWXb[ [djh[ bWi dehcWi jhWZ_Y_edWb[i Z[ [ijei :FEK@EL8 <E C8 GĂ?>@E8 $ :)
Ĺ? Ĺ?
Ĺ?
Ĺ? Ĺ?
Ĺ?
Ä‚
g Ĺ? ĂăĹ? Ĺ? Ĺ? Ĺ?Ä‚Ä€Ä Ä
Ĺ? +. Ĺ? ÄŒĹ?
fW‡i[i o bWi d[Y[i_ZWZ[i Z[ bWi ieY_[ZWZ[i ckikbcWdWi gk[ jhW# jWXWd Z[ eh]Wd_pWhi[ Z[ WYk[hZe Yed bWi b[o[i o bei lWbeh[i eYY_# Z[djWb[i$ BW iebkY_ÂŒd gk[ fWh[Y_ÂŒ c|i WZ[YkWZW Yedi_ij_ÂŒ [d Whced_pWh Wgk[bbei YÂŒZ_]ei Z[ bWi c[jhÂŒfeb_i Yed bei fh_dY_f_ei Z[ iki jhWZ_Y_e# d[i" bb[]WdZe W h[[cfbWpWh bW b[o _ib|c_YW feh ejhWi dehcWi Z[ Yehj[ eYY_Z[djWb$ 9ece Yedi[Yk[dY_W" [b :[h[Y^e Z[ bWi fej[dY_Wi Yebed_W# b[i [khef[Wi i[ jhWdiYh_X_ÂŒ [d bei dk[lei ehZ[dWc_[djei Z[ ;]_fje" Jkhgk‡W" B‡XWde" I_h_W" B_X_W e ?dZed[i_W1 o" Wkdgk[ Ă„bÂŒ]_YWc[d# j[Ă„ bei ]eX_[hdei Z[ FWh‡i" 8[hdW" Ă›cij[hZWc" 8[hb‡d e HecW ^WX‡Wd h[ZWYjWZe Wgk[bbWi dehcWi fWhW iki fhef_ei Y_kZWZWdei" ckY^ei Z[ iki fh[Y[fjei [dYedjhWhed \|Y_b WYeceZe [d [ijW _dY_f_[dj[ YeZ_\_# YWY_ÂŒd$ Bei [`[cfbei c|i [l_Z[d# j[i \k[hed bW dejWXb[ _d\bk[dY_W Z[b 9ÂŒZ_]e 9_l_b \hWdYƒi e 9ÂŒZ_]e Z[ DWfeb[ÂŒd" Z[ '.&* [d ik ^ecÂŒ# d_ce Z[ ;]_fje e bW fb[dW b_j[hW# b_ZWZ Z[b ik_pe" h[ZWYjWZe feh [b `kh_ijW ;k][d >kX[h [d '/&-" [d bei Whj‡Ykbei Z[b 9ÂŒZ_]e 9_l_b Z[ Jkhgk‡W Z[ '/(, Yece ^WX‡W ikY[Z_Ze Wdj[h_ehc[dj[ Yed iki 9ÂŒZ_]ei Z[ 9ec[hY_e o F[dWb" XWiWZei [d bei \hWdY[i[i f[he de \k[hed Zei YWiei W_ibWZei0 eYkhh_ÂŒ Yed ?jWb_W [d bW YeZ_\_YWY_ÂŒd b_X_W e Yed >ebWdZW" [d bW _dZed[i_W1 o" Yed [b j_[cfe" WXh_h‡W bWi fk[hjWi W kdW i[]kdZW ][d[hWY_ÂŒd Z[ YÂŒZ_# ]ei [d @ehZWd_W" J‘d[p" B‡XWde$$$ _d\bk_Zei W ik l[p feh bWi h[Yef_# bWY_ed[i []_fY_W o jkhYW o Ă„feh be jWdjeĂ„ jWcX_ƒd" feh ;khefW$ 9kWdZe bWi fej[dY_Wi Yebed_Wb[i [cf[pWhed W h[YedeY[h bW _dZ[f[d# Z[dY_W Z[ bei ;ijWZei ckikbcW# d[i" ƒijei Wf[dWi j[d‡Wd jhWZ_Y_ÂŒd Z[ceYh|j_YW" de YedeY‡Wd ejhW 7Zc_d_ijhWY_ÂŒd c|i gk[ [b ceZ[# be ^[h[ZWZe Z[ bW c[jhÂŒfeb_ o YWh[# Y‡Wd Z[ h[Ykhiei [YedÂŒc_Yei" _d\hW# [ijhkYjkhWi o c[Z_ei ^kcWdei e jƒYd_Yei $ KdW Z_\‡Y_b i_jkWY_ÂŒd gk[ i[ W]hWlÂŒ Yed bei [d\h[djWc_[djei ^[h[ZWZei feh bWi \hedj[hWi gk[ jhWpÂŒ bW h[XWj_‹W Z[ bWi Wdj_]kWi fej[dY_Wi e feh Yed\b_Yjei [d bei gk[ ikXoWY‡Wd bkY^Wi ƒjd_YWi e h[b_]_eiWi$ ÂľGkƒ ikfkie bW c[hW jhWdi# Yh_fY_ÂŒd Z[ dehcWi eYY_Z[djWb[i [d bei fW‡i[i ckikbcWd[i5 Gk[" bÂŒ]_YWc[dj[" de i[ fk[Z[ jhWjWh Z[ _cfbWdjWh kd ehZ[dWc_[dje Ă„Yed iki Yehh[ifedZ_[dj[i _dij_#
Ĺ?
jkY_ed[i `kp]WZei o jh_XkdWb[i" FWhbWc[dje [b[]_Ze Z[ceYh|# j_YWc[dj[" =eX_[hde" Jh_XkdWb 9edij_jkY_edWb" :[\[dieh Z[b Fk[Xbe" fWhj_Zei feb‡j_Yei" [jY$ Ă„ i_ Wb c_ice j_[cfe de i[ WY[fjWd bei fh_dY_f_ei o lWbeh[i gk[ _dif_hW# hed Wgk[b Yed`kdje Z[ b[o[i" Yed jeZWi iki Yedi[Yk[dY_Wi0 ieX[hW# d‡W dWY_edWb" Z_l_i_ÂŒd Z[ feZ[h[i" b_X[hjWZ h[b_]_eiW" _]kWbZWZ [djh[ ^ecXh[i o ck`[h[i" Z[h[Y^e W bW l_ZW o W bW _dj[]h_ZWZ \‡i_YW e cehWb" i[fWhWY_ÂŒd ?]b[i_W#;ijWZe$$$ ;b[c[djei gk[ [dYW`Whed cWb Yed bW b[o _ib|c_YW$ ;d bei W‹ei -&" [b fheY[ie Z[ eYY_Z[djWb_pWh W bei fW‡i[i ckikb# cWd[i ZkhWdj[ [b f[h_eZe Yebed_Wb Z_e fWie W ejhW \Wi[ Z[ _ibWc_pWY_ÂŒd Z[ kdW ieY_[ZWZ gk[ de YedY[X‡W [b ?ibWc jWd iÂŒbe Yece kdW h[b_]_ÂŒd i_de Yece kd i_ij[cW feb‡j_Ye o Z[ ]eX_[hde gk[" Z[ifkƒi Z[ _dj[djWh [ckbWh bei lWbeh[i [khef[ei" i[ WfWhjÂŒ Z[ Wgk[bbWi _dij_jkY_ed[i o dehcWi gk[ b[ [hWd W`[dWi" lebl_[d# Ze W ik jhWZ_Y_ÂŒd o W iki Yeijkc# Xh[i" Yece ceZ[be Z[ ik ehZ[d ieY_Wb o cehWb$ ;ij[ h[]h[ie W bei eh‡][d[i i[ l_e W]hWlWZe feh ejhei WYedj[Y_c_[djei ^_ijÂŒh_Yei gk[ W‘d [ij|d h[Y_[dj[i o i_d Y_YWjh_pWh0 BW Yh[WY_ÂŒd Z[b ;ijWZe Z[ ?ihW[b" [d '/*.1 bWi YedjkdZ[dj[i Z[hhejWi ik\h_ZWi feh ;]_fje" I_h_W" @ehZWd_W" ?hWg o ;b B‡XWde [d bWi ikY[i_lWi ]k[hhWi W h W X e # _ i h W [ b ‡ [ i Ik[p" I[_i Z‡Wi" Oec A_fkh" [jY$ 1 [b [dgk_ijWc_[dje Z[b Yed\b_Yje fWb[i# j_de o" \_dWbc[dj[" bWi Zei =k[hhWi Z[b =eb\e Ă„?h|d YedjhW ?hWg [ ?hWg _dlWZ_[dZe AkmW_j" Yed bW feij[# h_eh eYkfWY_ÂŒd Wb_WZW Z[b j[hh_jeh_e _hWgk‡Ä$ JeZe [bbe" WYWXÂŒ c_dWd# Ze" [if[Y_Wbc[dj[" Wb dWY_edWb_ice |hWX[ Z[ Eh_[dj[ FhÂŒn_ce" hWZ_YW# b_pWdZe bW feijkhW Z[ dkc[heiei ]hkfei gk[ [cf[pWhed W XkiYWh [b h[]h[ie W [iW kjef‡W Z[ Yeckd_ZWZ _ib|c_YW bbWcWZW KccW$ )$ B7I 9EDIJ?JK9?ED;I :KIJKH :; BEI F7ĂžI;I CKIKBC7D;I 9ed bW bb[]WZW Z[ bW _dZ[f[d# Z[dY_W" bW [ijhkYjkhW `kh‡Z_YW Z[ ckY^ei Z[ Wgk[bbei `ÂŒl[d[i ;ijWZei i[ _dif_hÂŒ [d [b ceZ[be eYY_Z[djWb Ă„h[f‘Xb_YWi e cedWh# gk‡WiĂ„ Wb]e gk[ i[ h[\b[`ÂŒ [d iki b[o[i \kdZWc[djWb[i c|i Wdj_# ]kWi0 š BW B[o Eh]|d_YW Z[ J‘d[p" Z[ '.,' Ă„bW fh_c[hW gk[ i[ fhe#
ckb]ÂŒ [d kd fW‡i ckikbc|dĂ„ Yec[dpWXW Yed kdW Z[YbWhWY_ÂŒd Z[ bei Z[h[Y^ei \kdZWc[djWb[i Z[ bei jkd[Y_dei [d ;ifW‹W" fWhW gk[ dei ^W]Wcei kdW _Z[W" [ijW Z[YbWhWY_ÂŒd de i[ h[ZWYjÂŒ ^WijW bW 9WhjW CW]dW Z[ '.,/" eY^e W‹ei c|i jWhZ[ 1 š BW 9edij_jkY_ÂŒd ded#dWjW Z[ I_h_W '/(& fh[l_ÂŒ bW Z_l_i_ÂŒd Z[ feZ[h[i o bW b_X[hjWZ Z[ Ykb# jei" [ijWXb[Y_[dZe gk[ jeZei bei i_h_ei j[d‡Wd bei c_icei Z[h[Y^ei o eXb_]WY_ed[i feh i[h _]kWb[i Wdj[ bW b[o kdW _Z[W _ddelWZehW" j[d_[dZe [d Yk[djW bWi jhWZ_Y_ed[i `kh‡Z_YWi _ib|c_# YWi 1 š ;d '/()" W f[iWh Z[ de j[d[h d_d]kdW jhWZ_Y_ÂŒd fWhbWc[djW# h_W" ;]_fje WfheXÂŒ ik fh_c[hW 9edij_jkY_ÂŒd _dif_hWZW [d bW Z[ 8ƒb]_YW1 [ijWXb[Y_ÂŒ kd i_ij[cW X_YWc[hWb" [dkc[hÂŒ bei Z[h[# Y^ei o Z[X[h[i Z[ bei []_fY_ei o ]WhWdj_pÂŒ bW b_X[hjWZ fWhW fhWYj_YWh ejhei Ykbjei Z_ij_djei Wb ?ibWc$$$ f[he [b h[o WYWXÂŒ Yed#
Y[djhWdZe jWdjWi fh[hhe]Wj_lWi [d iki cWdei gk[" [d '/)&" \k[ ikij_jk_ZW feh kdW dk[lW 9WhjW CW]dW W‘d c|i ced|hgk_YW $ š BW fh_c[hW Yedij_jkY_ÂŒd _hWgk‡ Z[Z_YÂŒ YWjehY[ Whj‡Ykbei W [ijW# Xb[Y[h bei Z[h[Y^ei o b_X[hjWZ[i Y_l_b[i" [d '/(+1 š ;d '/*+" [b fh[|cXkbe Z[ bW B[o <kdZWc[djWb Z[ OWaWhjW @WaWhjW 9^Whj[h _dYbkoÂŒ bW \_beie\‡W _dZed[i_W Z[ bei Y_dYe fh_dY_f_ei Ă„e ÆFWdYWi_bWÇ" [d i|diYh_jeĂ„ Yece \ehcW Z[ kd_# \_YWh [b cWoeh fW‡i ckikbc|d Z[b ckdZe Yed (*&$&&&$&&& Z[ ^WX_jWdj[i 0 ' 9h[[dY_W [d kd :_ei Ikfh[ce i[ Z[Y_Z_ÂŒ _dYbk_h [b jƒhc_de Æ:_eiÇ [d bk]Wh Z[b _d_Y_Wb Æ7b|Ç" fWhW ]WhWdj_pWh bW b_X[hjWZ h[b_]_eiW1 Wb]e \kdZW# c[djWb [d kd Yh_ieb Z[ c_b[i Z[ _ibWi ZedZ[ bW _dc[diW cWoeh‡W ckikbcWdW Yedl_l[ Yed _cfeh# jWdj[i c_deh‡Wi Wd_c_ijWi" Yh_i# j_WdWi" XkZ_ijWi [ ^_dZk_ijWi 1
( H[if[je Wb i[h ^kcWde1 ) Kd_ZWZ Z[b fW‡i" * :[ceYhWY_W XWiWZW [d bWi Z[b_X[hWY_ed[i Z[ bei h[fh[i[djWdj[i Z[b fk[Xbe o + @kij_Y_W ieY_Wb" YecfWhj_[d# Ze [b X_[d[ijWh [djh[ jeZei" Z[ \ehcW [gk_jWj_lW1 fhej[]_[dZe W bei ZƒX_b[i o ]WhWdj_pWdZe [b _cf[h_e Z[ bW `kij_Y_W$ Ejhei fW‡i[i" [d YWcX_e" i[ Z_i# jWdY_Whed Z[ Wgk[bbW WfWh_[dY_W Z[ :[h[Y^e EYY_Z[djWb o oW" [d '/(," 7hWX_W IWkZ‡ fheYbWcÂŒ gk[ bWi b[o[i Z[b h[_de Z[X[h‡Wd Z_YjWhi[ [d Whced‡W Yed [b 9eh|d o bW JhWZ_Y_ÂŒd$ Feij[h_ehc[dj[" bWi Yedij_jkY_ed[i Z[ AkmW_j '/,( " GWjWh '/-& " bei ;c_hWjei Ă›hWX[i Kd_Zei '/-' o 8W^hƒ_d '/-) Yedi_Z[hWhed W bW Y^Wh‡W Yece \k[dj[ dehcWj_lW$ :[iZ[ [djedY[i" bei [c_hWj‡[i j_[d[ fhe^_X_Zei bei fWhj_Zei feb‡j_Yei o de i[ YedleYWd [b[YY_ed[i1 AkmW_j jWhZÂŒ [d h[YedeY[h [b Z[h[Y^e Wb leje Z[ bWi ck`[h[i ^WijW (&&+1 7hWX_W IWkZ‡ W‘d fhe^‡X[ bW b_X[h# jWZ Z[ bei Ykbjei Z_ij_djei Wb _ibWc1 =WcX_W e 7h][b_W j_f_\_YWd Yece Z[b_je" Yed f[dW Z[ fh_i_ÂŒd" bWi h[bWY_e# d[i ^ecei[nkWb[i o D_][h_W YedZ[# dW W ck[hj[ Ă„feh bWf_ZWY_ÂŒdĂ„ W bWi WZ‘bj[hWi$ >eo [d Z‡W" [b h[Y^Wpe W kdW b[]_i# bWY_ÂŒd bW_YW" Yec# fb[jWc[dj[ W`[dW Wb ^[Y^e h[b_]_eie" ^WY[ cko Z_\‡Y_b gk[ [b 9eh|d Ă„o bei ^WZ_Y[iĂ„ Z[`[d Z[ i[h bW \k[dj[ ikfh[cW Z[ [ijei ehZ[dWc_[djei" [d bk]Wh Z[ kdW 9WhjW CW]dW" Yece ikY[Z[ [d [b |cX_je eYY_Z[djWb$ *$ BEI :;H;9>EI KD?L;HI7B;I FheXWXb[c[dj[" [ij[ [i [b fkdje c|i Yed\b_Yj_le i_ j[d[cei [d Yk[djW gk[ [b eh_][d Z[ [ijei Z[h[# Y^ei [i kdW YedijhkYY_ÂŒd [c_d[d# j[c[dj[ eYY_Z[djWb$ ;d [ij[ YWie" YWXh‡W fh[]kdjWhi[ i_ EYY_Z[dj[ ^W be]hWZe kd_l[hiWb_pWh ik fhef_e YÂŒZ_]e cehWb Wb h[ije Z[b ckdZe o i_ [iWi dehcWi fk[Z[d Wfb_YWhi[ W bWi ieY_[ZWZ[i ckikbcWdWi Wkd# gk[ ƒijWi de bWi YecfWhjWd$ CkY^ei Wkjeh[i I_dWY[kh" :h_i_ 7bWc_" ;b_pWX[j^ 7dd CWo[h" [jY$ $ Yedi_Z[hWd gk[ bei :[h[Y^ei >kcWdei i‡ gk[ ied YecfWj_Xb[i Yed [b :[h[Y^e ?ib|c_Ye fehgk[" Wkdgk[ bW YkbjkhW `kh‡Z_YW Z[b ?ibWc de Yedj_[d[ kdW deY_ÂŒd i_c_bWh" bW h_gk[pW Z[ ik i_ij[cW Z[ \k[dj[i dehcWj_lWi i‡ gk[ f[hc_# j_h‡W ZWhb[i YWX_ZW$ 7 [ijW fei_X_b_# ZWZ" [b \_bÂŒie\e Wh][b_de Ce^Wc[Z
7haekd bW Z[dec_dW ÆXh_YebW`[ _Z[ebÂŒ]_YeÇ$ I[ h[\_[h[ W gk[ [b b[d# ]kW`[ Yeh|d_Ye [i [c_d[dj[c[d# j[ i_cXÂŒb_Ye" be gk[ i_]d_\_YW gk[ jWcX_ƒd i[h‡W ÆWZWfjWXb[Ç$ ;d YWcX_e" kd i[]kdZe Yed`kd# je Z[ [ijkZ_eiei 7hpj" IWo_Z GkjX" >WiiWd 7b#8WddW e 7ab‡ I^Wh_Wj_ [d\Wj_pWd gk[ [b f[diWc_[dje _ib|# c_Ye Z_\_[h[ [d ckY^ei fkdjei Ă„[ _dYbkie YedjhWZ_Y[Ă„ bei :[h[Y^ei >kcWdei h[YedeY_Zei _dj[hdW# Y_edWbc[dj[ YkWdZe jeZei bei Z[h[Y^ei o Z[X[h[i ied ejeh]WZei feh 7b|1 [i Z[Y_h" YkWdZe j_[d[d kd eh_][d Z_l_de o" feh be jWdje" de ied _d^[h[dj[i Wb i[h ^kcWde$ ;ijei eXij|Ykbei Âľied kd [iYebbe _diWblWXb[ [d [b YWc_de ^WY_W bW _Z[dj_\_YWY_ÂŒd Z[ kd d‘Yb[e Yec‘d Z[ fh_dY_f_ei o lWbeh[i5 BW iebk# Y_ÂŒd hWZ_YW [d bW _dj[hfh[jWY_ÂŒd gk[ i[ ^W]W Z[ bW Y^Wh‡W o [d ik Wfb_YWY_ÂŒd" c|i e c[dei [ijh_YjW" o [ije Z[f[dZ[ Z[ YWZW fW‡i _ib|# c_Ye$ ;d [ij[ fkdje" [i _cfeh# jWdj[ h[YehZWh gk[" Wkdgk[ jeZei bei ckikbcWd[i \ehc[d fWhj[ Z[ bW c_icW Yeckd_ZWZ KccW o [b ?ibWc fk[Z[ e\h[Y[h bW _cW][d Z[ kdW h[b_]_ÂŒd kd_\ehc[" feYe j_[d[d gk[ l[h" [djh[ i‡" bei fW‡i[i Z[ bW B_]W Ă›hWX[ Yece @ehZWd_W" J‘d[p e B_X_W Yed Jkhgk‡W" ?h|d" bWi dWY_ed[i Z[b ?dZeij|d FWa_ij|d e 8Wd]bWZ[i^ " [b Yh_# ieb Z[ ?dZed[i_W" [b Ă›\h_YW d[]hW CWb‡" K]WdZW e Je]e " bW [khe# f[W 7bXWd_W e bWi Yeckd_ZWZ[i ckikbcWdWi Z[ 9^_dW$ 7 f[iWh Z[ jeZe" [d [b ?ibWc i‡ gk[ [n_ij[ kdW :[YbWhWY_ÂŒd Z[ bei :[h[Y^ei >kcWdei Ă„[if[Y‡\_YWĂ„ gk[ i[ fheckb]ÂŒ ZkhWdj[ bW '/W 9ed\[h[dY_W ?ib|c_YW Y[b[XhWZW [d ;b 9W_he [b + Z[ W]eije Z[ '//&1 kdW Z[YbWhWY_ÂŒd Wbj[hdWj_lW W bW Wfhe# XWZW feh bW 7iWcXb[W =[d[hWb Z[ bWi DWY_ed[i Kd_ZWi [d '/*. Ă„_c_# j|dZebW [d bW \ehcW Wkdgk[" [d [b \edZe" Yedj[d]W Z_\[h[dY_Wi [i[d# Y_Wb[i" Yece W^ehW l[h[ceiĂ„ gk[ l[d‡W W fed[h \_d Wb Z_iYh[fWdj[ fkdje Z[ l_ijW _ib|c_Ye ieXh[ ik h[ZWYY_ÂŒd" [nfh[iWZe feh [b kb[cW fWgk_ijWd‡ 7b#CWkZkZ_ YkWdZe W\_hcÂŒ gk[ ÆD_d]‘d _dZ_l_Zke" \Wc_b_W" YbWi[ e hWpW fk[Z[ fed[h# i[ feh [dY_cW Z[ :_ei$ IÂŒbe :_ei [i [b b[]_ibWZeh o iki cWdZWc_[djei Yedij_jko[d bW b[o Z[b ?ibWcÇ$ ;ijW l_i_ÂŒd _ib|c_YW Z[ bei :[h[Y^ei >kcWdei Ă„Ykoe eX`[j_# le [i[dY_Wb [i Wdj[fed[h [b ^[Y^e h[b_]_eie W YkWbgk_[h ejhW Yedi_# Z[hWY_ÂŒdĂ„ [ijWXb[Y[ gk[ ÆeXi[h# lWhbei [i i_]de Z[ Z[leY_ÂŒd o Z[iYk_ZWhbei e jhWdi]h[Z_hbei [i kdW WXec_dWY_ÂŒd Z[ bW h[b_]_ÂŒdÇ fhÂŒbe]e _d \_d[ $ 9ece ÆbW ^kcWd_ZWZ [dj[hW \ehcW kdW iebW \Wc_b_W kd_ZW feh ik WZehWY_ÂŒd :FEK@EL8 <E C8 GĂ?>@E8 $ :*
W 7b| o ik Z[iY[dZ[dY_W Yec‘d Z[ 7Z|dÇ 7hj$ '$W " jeZei bei i[h[i ^kcWdei j_[d[d bW eXb_]WY_ÂŒd Z[ Yh[[h [d :_ei o d_d]kde feZh| h[YbWcWhi[ W]dÂŒij_Ye" Wj[e e Wd_c_ijW f[YWZei cko ]hWl[i" Yece oW jkl_cei eYW# i_ÂŒd Z[ c[dY_edWh 1 h[W\_hcWdZe gk[ Æ[b ?ibWc [i bW h[b_]_ÂŒd _dZ_i# Ykj_Xb[Ç 7hj$ '& o YedZ[dWdZe bWi j[eh‡Wi ZWhm_d_ijWi" Wb Z[iY[dZ[h jeZei Z[ 7Z|d$ ;b Yedj[d_Ze Z[ bei (+ Whj‡Ykbei i[ YWhWYj[h_pW feh kdW h[ZWYY_ÂŒd [d bW gk[ Æi[ W\_hcW d[]WdZeÇ" ^WY_[dZe Z_\‡Y_b gk[ i[ fk[ZWd YecfW]_dWh bei Z_l[hiei fh[Y[f# jei0 c_[djhWi [b 7hj$ ,$W [ijWXb[Y[ gk[ ÆbW ck`[h [i _]kWb Wb ^ecXh[ [d Z_]d_ZWZ ^kcWdW o j_[d[ jWdjei Z[h[# Y^ei Yece eXb_]WY_ed[iÇ" [b f|hhW\e X Z[b c_ice Whj‡Ykbe _dZ_YW gk[
GF;<I I\gÂ’Yc`ZX [\c <ZlX[fi ALQ>8;F K<I:<IF ;< CF :@M@C ;< G@:?@E:?8 J\ gfe\ X ZfefZ`d`\ekf [\c gÂ’Yc`$ Zf \e ^\e\iXc cX glYc`ZXZ`Â?e [\ le \okiXZkf [\c Gf[\i >\e\iXc hl\ fkfi^X ;LGFEK ;< <:L8;FI J%8% X ]Xmfi [\ :FEJLCKCDQ :Ă 8% CK;8% AL@:@F <jg\Z`Xc Æ8gifYXZ`Â?e [\ Gf[\i$ 8:KFI DXi^Xi`kX QXdYiXef [\ G`ekf KIĂ?D@K< <jg\Z`Xc :L8EKĂ 8 @e[\k\id`eX[X :8LJ8 ($)'(($AK:G$)'('$I:F <OKI8:KF ;< C8 <J:I@KLI81 Ăˆ<e cX Z`l[X[ [\ JXe =iXeZ`jZf [\ Hl`kf# :Xg`kXc [\ cX I\gÂ’Yc`ZX [\c <ZlX[fi# _fp [ˆX [fj [\ [`Z`\dYi\ [\c [fj d`c [`\q# Xek\ d` ;fZkfi I\d`^`f Gfm\[X MXi^Xj# EfkXi`f ;„Z`df J„gk`df [\ \jk\ ZXekÂ?e# ZfdgXi\$ Z\ \c j\ÂŒfi NfcjkXef >XYi`\c DXiˆe EÂ’ÂŒ\q# X efdYi\ p \e i\gi\j\e$ kXZ`Â?e [\ ;LGFEK ;< <:L8;FI J%8%# \e jl ZXc`[X[ [\ >\i\ek\ >\e\iXc# Zfdf j\ [\jgi\e[\ [\ cX Zfg`X Z\ik`]`ZX[X [\c efdYiXd`\ekf hl\ j\ X[alekX Zfdf [fZld\ekf _XY`c`kXek\%$ <c ZfdgXi\Z`\ek\ \j [\ eXZ`feXc`[X[ m\e\qfcXeX# ZXjX$ [f# dXpfi [\ \[X[# [\ fZlgXZ`Â?e \dgi\jXi`f gi`mX[f# [fd`Z`c`X[f \e cX Z`l[X[ [\ Hl`kf# c\^Xcd\ek\ ZXgXq# _}Y`c gXiX X[hl`i`i [\i\Z_fj p ZfekiX\i fYc`^XZ`fe\j# X hl`\e [\ ZfefZ\ic\ [fp ]\ \e m`ikl[ [\ _XY\id\ \o_`Y`[f jl gXjXgfik\# ZlpX Zfg`X ]fkfjk}k`ZX [\Y`[Xd\e$ k\ Z\ik`]`ZX[X gfi d` \c EfkXi`f j\ X^i\^X% 8[m\ik`[f hl\ ]l\ cX Zfd$ gXi\Z`\ek\ gfi d` \c EfkXi`f [\ cfj \]\Zkfj p i\jlckX[fj [\ \jkX \jZi`$ kliX p [\ cXj g\eXj [\ g\iali`f# Xjˆ Zfdf \oXd`eX[X hl\ ]l\ \e ]fidX X`jcX[X p j\gXiX[X p hl\ ZfdgXi\$ Z\ Xc fkfi^Xd`\ekf [\ \jkX \jZi`kliX j`e ZfXZZ`Â?e# Xd\eXqX# k\dfi i\m\$ i\eZ`Xc# e` gifd\jX f j\[lZZ`Â?e2 p# [`Z\ hl\ \j jl mfclekX[ \c\mXi X \jZi`kliX gÂ’Yc`ZX \c j`^l`\ek\ Gf[\i >\e\iXc# Zlpf k\efi \j Zfdf j`^l\1 ĂˆJ<zFI EFK8I@F1Æ <e \c gifkf$ Zfcf X jl ZXi^f jˆimXj\ `eZfigfiXi leX \jZi`kliX gÂ’Yc`ZX [\ cX hl\ Zfejk\ le Gf[\i >\e\iXc Xc k\efi [\ cXj \jk`glcXZ`fe\j hl\ j\ \ogi\$ jXe X Zfek`elXZ`Â?e1Æ GI@D<I8%Æ :FDG8I<:@<EK<%$ :fdgXi\Z\ Xc fkfi^Xd`\ekf [\ \jkX \jZi`kliX# \c j\ÂŒfi NfcjkXef >XYi`\c DXiˆe EÂ’ÂŒ\q# \e i\gi\j\ekXZ`Â?e [\ ;LGFEK ;< <:L8;FI J%8%# \e X[\cXek\ D8E;8EK<# \e ZXc`[X[ [\ >\i\ek\ >\e\iXc# j\^Â’e j\ [\j$ gi\e[\ [\c [fZld\ekf _XY`c`kXek\% <c ZfdgXi\Z`\ek\ j\ \eZl\ekiX Xlkfi`qX[f gfi cX AlekX >\e\iXc [\ 8ZZ`fe`jkXj [\ cX :fdgXŒˆX# j\^Â’e XgXi\Z\ [\c [fZld\ekf X^i\^X[f Zfdf _XY`c`kXek\%Æ J<>LE;8%Æ GF;<I ><E<I8C%Æ <c ZfdgXi\$ Z`\ek\# \e ljf [\ cXj ]XZlckX[\j c\^Xc\j p \jkXklkXi`Xj [\ hl\ j\ _XccX `em\jk`[f# [\j`^eX X :FEJLCKCDQ :@8% CK;8%# ZfdgXŒˆX \ZlXkfi`X$ eX# Zfdf jl D8E;8K8I@8# Zfe gf[\i Xdgc`f p jl]`Z`\ek\# Zfdf \e ;\i\Z_f j\ i\hl`\i\# gXiX hl\# X kiXm„j [\ jl i\jg\Zk`mf i\gi\j\e$ kXek\ c\^Xc# \e i\gi\j\ekXZ`Â?e [\ cX D8E;8EK< cc\m\ X ZXYf kf[fj cfj XZkfj p e\^fZ`fj hl\ [\YX i\Xc`qXi gfi cX D8E;8EK< p gif[lZ`i \]\Z$ kfj \e <ZlX[fi% J`e c`d`kXi \jkfj Xdgc`fj gf[\i\j# cX D8E;8K8I@8 k`\e\ cXj j`^l`\ek\j Xki`YlZ`fe\j1 X @ek\im\e`i al[`Z`Xc p \okiXal[`Z`Xc$ d\ek\ gXiX Zl`[Xi cfj [\i\Z_fj \ `ek\i\j\j [\ cX D8E;8EK<2 Y :ldgc`i cXj fYc`^XZ`fe\j ZfekiXˆ[Xj
ÆieXh[ [b lWhÂŒd h[YW[h| [b ]Wije \Wc_b_Wh" Wi‡ Yece bW h[ifediWX_# b_ZWZ Z[ bW jkj[bW Z[ bW \Wc_b_WÇ$ De Z[X[cei ebl_ZWh gk[ [b 9eh|d [ijWXb[Y[ gk[ Æbei ^ecXh[i j_[d[d Wkjeh_ZWZ ieXh[ bWi ck`[h[i [d l_hjkZ Z[ bW fh[\[h[dY_W gk[ :_ei ^W ZWZe W kdei ieXh[ ejheiÇ *" )* 1 [d bW fh|Yj_YW" [ijW Z[i_]kWbZWZ i[ cWd_\_[ijW [d dkc[heiei cec[d# jei Z[ bW l_ZW0 kd ckikbc|d fk[Z[ YWiWhi[ Yed kdW Æ_d\_[bÇ f[he" [d YWcX_e" kdW ck`[h ckikbcWdW iÂŒbe fk[Z[ YedjhW[h cWjh_ced_e Yed kd ^ecXh[ gk[ jWcX_ƒd fhe# \[i[ [ijW h[b_]_ÂŒd1 [b lWhÂŒd fk[Z[ j[d[h lWh_Wi [ifeiWi WZc_j[ bW feb_]_d_W f[he bW ck`[h iÂŒbe fk[Z[ YWiWhi[ Yed kd cWh_Ze de f[hc_# j[ bW feb_WdZh_W 1 [d kdW ^[h[dY_W" bei ^_`ei cWiYkb_dei ^[h[ZWd Zei
p i\Xc`qXi kf[fj cfj XZkfj# ZfekiXkfj p e\^fZ`fj aliˆ[`Zfj# hl\ k\e^Xe i\cXZ`Â?e Zfe \c fYa\kf jfZ`Xc [\ cX D8E;8EK<# hl\ _XpXe [\ Z\c\$ YiXij\ p jlik`i \]\Zkf \e <ZlX[fi2 Z I\Xc`qXi p Z\c\YiXi# X efdYi\ p \e i\gi\j\ekXZ`Â?e [\ cX D8E;8EK< kf[fj cfj XZkfj p ZfekiXkfj hl\ j\ i\hl`\iXe Xek\ cXj \ek`[X[\j p&f Xlkfi`[X[\j Zfdg\k\ek\j# al[`Z`X$ c\j# X[d`e`jkiXk`mXj# gÂ’Yc`ZXj# j\d`$ gÂ’Yc`ZXj f gi`mX[Xj [\c <ZlX[fi# gl\j \jk} `em\jk`[X [\ cXj d}j Xdgc`Xj ]XZlckX[\j p Xki`YlZ`fe\j hl\ Zfe]`\i\ cX C\p X cfj dXe[X$ kXi`fj p [\ Xhl\ccXj Zfek\dgcX[Xj \e \c XikˆZlcf ZlXi\ekX p ZlXkif [\c :Â?[`^f [\ GifZ\[`d`\ekf :`m`c# `eZclp\e[f \eki\ fkiXj# cX ]XZlckX[ gXiX gi\j\ekXi p Zfek\jkXi [\dXe$ [Xj# gi\j\ekXi gil\YXj p fYa\kXicXj# fgfe\ij\ X i\Zfem\eZ`fe\j# i\ZcX$ dfj# j\ek\eZ`Xj f X[al[`ZXZ`fe\j# Zfdgifd\k\i \c gc\`kf \e }iY`kifj# XYjfcm\i gfj`Z`fe\j p [`]\i`i Xc aliXd\ekf [\Z`jfi`f# i\Z`Y`i cX ZfjX jfYi\ cX ZlXc m\ijX \c c`k`^`f p kfdXi gfj\j`Â?e [\ \ccX# i\Z`Y`i gX^fj p fkfi^Xi i\Z`Yfj gfi \ccfj2 [ CX D8E;8K8I@8# X efdYi\ p \e i\gi\$ j\ekXZ`Â?e [\ cX D8E;8EK< gf[i}1 gi\j\ekXi f]\ikXj p gifgl\jkXj# gXi$ k`Z`gXi \e kf[X ZcXj\ [\ ZfeZlijfj p c`Z`kXZ`fe\j p jljZi`Y`i p gi\j\ekXi X efdYi\ [\ cX D8E;8EK< kf[fj cfj [fZld\ekfj e\Z\jXi`fj gXiX cfj ]`e\j Xek\j `e[`ZX[fj Xek\ cXj Xlkfi`[X[\j# ]leZ`feXi`fj \ `ej$ k`klZ`fe\j gÂ’Yc`ZXj p gi`mX[Xj%$ K<I:<I8%Æ ;LI8:@äE%$ <c gi\j\e$ k\ gf[\i k\e[i} mXc`[\q _XjkX hl\ j\X c\^Xcd\ek\ i\mfZX[f%Æ Ljk\[ j\ÂŒfi EfkXi`f# j\ j\im`i} X^i\^Xi cXj [\d}j Zc}ljlcXj [\ \jk`cf gXiX cX Zfdgc\kX mXc`[\q [\c gi\j\ek\ `ejkild\ekf%$ =`idX[f ;fZkfiX :XkXc`eX M}jZfe\q 9XjjXek\# 8Yf^X[X Æ @ejZi`gZ`Â?e ZlXkif d`c ZlXkifZ`\ekfj m\`ek`el\m\%ÆÉ ?8JK8 8HLĂ C8 D@ELK8%$ CX d`jdX hl\ j\ X^i\^X Xc i\^`jkif p hl\ j\ _XccX ]`idX[X gfi cX ;fZkfiX :XkXc`eX M}jZfe\q 9XjjXek\# XYf^X[X Zfe dXkiˆZlcX gif]\j`feXc eÂ’d\if ZlX$ kif ZlXkif [fj el\m\ [\c :fc\^`f [\ 8Yf^X[fj [\ G`Z_`eZ_X%$ CX d`jdX hl\ \c j\ÂŒfi ZfdgXi\Z`\ek\ i\Zf$ efZ`„e[fcX Zfdf jlpX cX XZ\gkX p cX iXk`]`ZX \e kf[Xj jlj gXik\j# [\a}e[fcX \c\mX[X X \jZi`kliX gÂ’Yc`ZX gXiX cfj ]`e\j c\^Xc\j Zfe$ j`^l`\ek\j%$ GXiX \c fkfi^Xd`\ekf [\ cX gi\j\ek\ \jZi`kliX gÂ’Yc`ZX# j\ fYj\imXife p Zldgc`\ife kf[fj cfj i\hl`j`kfj c\^Xc\j [\c ZXjf2 p# c\ˆ[f hl\ c\ ]l\ X cX ZfdgXi\Z`\ek\ gfi dˆ \c EfkXi`f \e le`[X[ [\ 8Zkf j\ iXk`]`ZX p ]`idX Zfed`^f# [\ kf[f cf ZlXc ;FP =<É% J<EK<E:@81 ĂˆALQ>8;F K<I:<IF ;< CF :@M@C ;< G@:?@E:?8% Hl`kf# al\m\j (' [\ ]\Yi\if [\c )'((# cXj ((_'+%$ M@JKFJ1 8mfZf ZfefZ`$ d`\ekf [\ cX ZXljX \e ZXc`[X[ [\ Al\q \eZXi^X[f [\c Alq^X[f2 p# \e m`ikl[ [\ cX 8ZZ`Â?e [\ G\ijfeXc Ef% )00$;G$;GG [\c . [\ ]\Yi\$ if [\c XÂŒf )'((%$ CX g\k`Z`Â?e \j ZcXiX# gi\Z`jX p i\Â’e\ cfj [\d}j i\hl`j`kfj [\ C\p%$ Gfi gi\j\ekX[X cX \jZi`kliX gÂ’Yc`ZX hl\ Zfek`\e\ \c Gf[\i >\e\iXc# fkfi^X[f gfi ;LGFEK ;< <:L8;FI J%8%# X ]Xmfi [\c :FEJLCKCDQ :Ă 8% CK;8%# ZlpX ]`eXc`[X[ j\ \eZl\ekiX ZcXiX$ d\ek\ \jkXYc\Z`[X \e cX \jZi`kliX fkfi^X[X \e cX EfkXiˆX M`^„j`df FZkXmX [\c :XekÂ?e Hl`kf# d`jdX hl\ gfi i\le`i cfj i\hl`j`kfj [\ C\p# 8;D@E@JKI8E;F ALJK@:@8 <E EFD9I< ;<C GL<9CF JF9<I8EF ;<C <:L8;FI P GFI 8LKFI@;8; ;< C8 :FEJK@KL:@äE P C8J C<P<J ;< C8 I<Gè9C@:8 j\ Xgil\YX \e kf[Xj jlj gXik\j%$ <e Zfej\Zl\eZ`X p [\ Zfe]fid`[X[ Zfe
cf hl\ [`jgfe\e cfj XikˆZlcfj *' p ** [\c :Â?[`^f [\ :fd\iZ`f m`^\ek\ j\ fi[\eX `ejZi`Y`icX \e \c I\^`jkif D\iZXek`c# glYc`ZXi gfi leX jfcX m\q le \okiXZkf [\ cX \jZi`kliX \e lef [\ cfj g\i`Â?[`Zfj [\ dXpfi Z`iZlcX$ Z`Â?e X e`m\c eXZ`feXc# hl\ j\ \[`kXe \e \jkX Z`l[X[ [\ Hl`kf% ?\Z_f \c XZklXi`f p \c j\ÂŒfi I\^`jkiX[fi D\iZXek`c ]`aXi}e p dXek\e[i}e gfi \jgXZ`f [\ j\`j d\j\j leX Zfg`X [\c \og\[`\ek\# cl\^f gifkfZfcˆZ\j\ \e leX [\ cXj efkXiˆXj \e [fe[\ j\ Zfe]\i`i}e cXj Zfg`Xj hl\ j\ jfc`Z`k\eÉ%$ Efk`]ˆhl\j\%$ ;i% IX]X\c :Xig`f J}eZ_\q# Al\q \eZXi^X[f% Cf hl\ Zfdle`Zf gXiX cfj ]`e\j [\ c\p% 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 le j\ccf 8I&/(.()&ZZ
;@MFI:@FJ <OKI8:KF AL;@:@8C ALQ>8;F JyGK@DF ;< CF :@M@C ;< G@:?@E:?8 :@K8:@äE AL;@:@8C 81 O@E<E8 ;< CFLI;<J ?<II<I@8 D8IK@E<Q 8:KFI1 D@CKFE @M8E G8QD@zF D8IK@E<Q ;<D8E;8;81 O@E<E8 ;< CFLI;<J ?<II<I@8 D8IK@E<Q AL@:@F1 ;@MFI:@F Ef (.'+$)'('$ GG KIĂ?D@K<1 M<I98C JLD8I@F :L8EKĂ 81 @E;<K<ID@E8;8 GIFM@;<E:@81 ALQ>8;F JyGK@DF ;< CF :@M@C ;< G@:?@E:?8% Hl`kf# dXik\j + [\ \e\if [\c )'((# cXj ('_((%$ M@JKFJ 8mfZf ZfefZ`d`\ekf [\ cX gi\j\ek\ ZXljX# \e d` ZXc`[X[ [\ Al\q k`kl$ cXi [\ \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% <j gifZ\[\ek\ \c ki}d`k\ m\iYXc jldXi`f hl\ j\ jfc`Z`kX# \e Zfe$ j\Zl\eZ`X# [\ Zfe]fid`[X[ Zfe cf gi\m`jkf gfi \c 8ik% /) [\c :Â?[`^f [\ GifZ\[`d`\ekf :`m`c p Xc aliXd\ekf i\e[`[f gfi \c XZkfi [\ cX `dgfj`Y`c`$ [X[ [\ [\k\id`eXi cX `e[`m`[lXc`[X[ f i\j`[\eZ`X# j\ [`jgfe\ Z`kXi X cX [\dXe[X[X j\ÂŒfiX O@E<E8 ;< CFLI;<J ?<II<I@8 D8IK@E<Q# gfi cX gi\ejX \e lef [\ cfj [`Xi`fj [\ dXpfi Z`iZlcXZ`Â?e hl\ j\ \[`kX \e \jkX Z`l[X[ [\ Hl`kf# d\[`Xe[f fZ_f [ˆXj \eki\ ZX[X glYc`ZXZ`Â?e% K„e^Xj\ \e Zl\ekX cX `ej`elXZ`Â?e hl\ _XZ\ \c XZZ`feXek\ gXiX cX [\j`^eXZ`Â?e [\ ZliX[fiX X[$c`k\d% K„e^Xj\ \e Zl\ekX \c ZXj`cc\if al[`Z`Xc j\ÂŒXcX[f gfi \c ZfdgXi\$ Z`\ek\% 8^i„^l\ej\ Xc gifZ\jf cfj [fZld\ekfj hl\ j\ XZfdgXÂŒXe%$ 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 le j\ccf 8I&/()*,&ZZ I<GL9C@:8 ;<C <:L8;FI ALQ>8;F ;<:@DF ;< CF :@M@C ;< G@:?@E:?8 <OKI8:KF AL;@:@8C :@K8:@FE AL;@:@8C 81 C8LI8 D<C8E@8 98JK@;8J 98II<I8% 8:KFI1 9PIFE <;L8I;F 8CD<E;8I@Q G8I<;<J AL@:@F EIF% ''/0 $ )'(($ <>%
l[Y[i c|i gk[ iki ^[hcWdWi1 o" [d kd `k_Y_e" [b j[ij_ced_e Z[ kdW ck`[h Yece j[ij_]e de [gk_lWb[ Wb Z[ kd ^ecXh[1 [jY$ FheXWXb[c[dj[" [d bW 7bjW ;ZWZ c[Z_W" bW i_jkWY_ÂŒd Z[ bWi ck`[h[i ckikbcWdWi \k[i[ _d\_d_jWc[dj[ c[`eh gk[ bW Z[ iki Ye[j|d[Wi [khef[Wi Wb feZ[h Z_ifed[h Z[ iki fhef_ei X_[d[i e bb[]Wh W Z_lehY_Whi[1 Wb]e _cf[d# iWXb[ [d Wgk[b j_[cfe [d [b L_[`e 9edj_d[dj[ f[he" Z[iZ[ [djedY[i" bW [lebkY_ÂŒd Z[ ;khefW h[ikbjW _dYk[ij_edWXb[" _]kWb gk[ bW Z_i# Yh_c_dWY_ÂŒd gk[" ^eo [d Z‡W" W‘d ik\h[d bWi ck`[h[i [d [b ?ibWc$ Fh|Yj_YWc[dj[ jeZW bW fWhj[ Z_ifei_j_lW Z[ bW :[YbWhWY_ÂŒd Z[ '//& ]_hW [d jehde W bW [nfh[i_ÂŒd ÆZ[ WYk[hZe Yed be [ij_fkbWZe [d bW Y^Wh‡WÇ$ BW [ZkYWY_ÂŒd Z[ bei ^_`ei"
bW YWfWY_ZWZ b[]Wb" bW b_X[hjWZ Z[ Y_hYkbWY_ÂŒd" [b Z[h[Y^e W bW fhef_[# ZWZ" bW b_X[hjWZ Z[ [nfh[i_ÂŒd" [jY$ Z[f[dZ[d Z[ gk[ i[ YedjhWZ_]Wd bei fh_dY_f_ei Z[ bW b[o _ib|c_YW" be gk[ fed[ Z[ cWd_\_[ije gk[ de i[ Z_ij_d]k[ [djh[ be h[b_]_eie o be `kh‡Z_Ye f[dWb" Y_l_b" c[hYWdj_b" [jY$ W be bWh]e Z[ jeZW bW Z[YbWhW# Y_ÂŒd$ I[]‘d [b 7hj$ ($W Æde [i fei_# Xb[ ikfh_c_h kdW l_ZW i_ de [i W [n_][dY_Wi Z[ bW Y^Wh‡WÇ1 WXh_[dZe bW fei_X_b_ZWZ Z[ _d\b_]_h YWij_]ei \‡i_Yei e Z[ [`[YkjWh W Y_kZWZWdei YkWdZe bW B[o ?ib|c_YW fh[iYh_XW Zkhei YWij_]ei \‡i_Yei Ă„[ _dYbkie bW ck[hj[Ă„ fWhW Z[b_jei Yedi_Z[# hWZei ]hWl[i Yece [b WZkbj[h_e" bW WfeijWi‡W e bW e\[diW W bW Z_]d_ZWZ Z[ CW^ecW$ ;b 7hj$ (($X [i cko i_]d_\_YWj_le
I[ d[Y[i_jWd Zei W‹ei fWhW Wfh[dZ[h W ^WXbWh o i[i[djW fWhW Wfh[dZ[h W YWbbWh$ ;HD;IJ >;C?D=M7O$ B_j[hWje o [iYh_jeh ;;$KK$
KI8D@K<1 M<I98C JLD8I@F% :L8EK@81 `e[\k\id`eX[X% =LE;8D<EKF C<>8C1 8ik% ((' ZXljXc (( XmX `eZ`jf ) :�[`^f :`m`c% 89F>8;F ;<=<EJFI1 ;i% Cl`j :Xjk`ccf% :8J@CC<IF AL;@:@8C (+-. :%8%G% ALQ>8;F ;<:@DF ;< CF :@M@C ;< G@:?@E:?8%$ Hl`kf# cle\j (+ [\ ]\Yi\if [\ )'((# cXj (._'*%$ M@JKFJ%$ 8mfZf ZfefZ`d`\ekf \e ZXc`[X[ [\ al\q k`klcXi% <e cf gi`e$ Z`gXc cX [\dXe[X hl\ Xek\Z\[\ \j ZcXiX p i\’e\ cfj i\hl`j`kfj [\ C\p# gfi cf hl\ [\ZcXi}e[fj\cX gifZ\$ [\ek\ j\ cX XZ\gkX Xc ki}d`k\ m\iYXc jldXi`f%$ <e d\i`kf Xc aliXd\ekf hl\ k`\e\ i\e[`[f \c j\Œfi 9pife <[lXi[f 8cd\e[}i`q GXi\[\j p [\ Zfe]fid`[X[ Zfe \c 8ik% /) [\c :�[`^f [\ GifZ\[`d`\ekf :`m`c# j\ fi[\eX hl\ j\ Z`k\ X cX [\dXe[X$ [X j\ŒfiX CXliX D\cXe`X 9Xjk`[Xj 9Xii\iX# d\[`Xek\ ki\j glYc`ZXZ`f$ e\j gfi cX gi\ejX \e lef [\ cfj [`Xi`fj [\ dXpfi Z`iZlcXZ`�e [\ \jkX Z`l[X[ [\ Hl`kf p [\ Zfe]fid`[X[ Zfe cf [`jgl\jkf \e \c 8ik% ((0 [\c :�[`^f :`m`c%$ 8^i„^l\j\ X cfj Xlkfj cfj [fZld\ekfj hl\ XZfdgXŒX X cX [\dXe[X%$ K„e^Xj\ \e Zl\ekX \c ZXj`cc\if al[`Z`Xc# j\ŒXcX[f gXiX gfjk\i`fi\j efk`]`ZXZ`fe\j# Xjˆ Zfdf cX Xlkfi`qXZ`�e Zfe]\i`[X X jl 8Yf^X[f ;\]\ejfi%$ :ˆk\j\ p Efk`]ˆhl\j\%$ Cf hl\ c\ Zfdle`Zf X ljk\[ p c\ Z`kf gXiX cfj ]`e\j [\ c\p g\ik`e\ek\j# gi\m`e`„e[fc\ [\ cX fYc`^XZ`-e hl\ k`\e\ \e j\ŒXcXi ZXj`cc\if al[`Z`Xc gXiX jlj ]lkliXj efk`]`ZXZ`fe\j% :\ik`]`Zf%$ ;i% <[^Xi ?Xif MXc\eql\cX J<:I<K8I@F ;<C ALQ>8;F ;<:@DF ;< CF :@M@C ;< G@:?@E:?8 ?Xp le j\ccf 8%8%&)-+,ALQ>8;F HL@EKF ;< CF :@M@C ;< GLA@C@ 8M@JF AL;@:@8C <OKI8:KF :@K8:@FE :FE <C AL@:@F ;< ;@MFI:@F GIFGL<JKF GFI <CM@8 IF:@F >L8EF 98JJ8EK<J# <E :FEKI8 ;< AFI>< =89@8E G8:?8:8D8 :8@CC8>L8# M<I98C JLD8I@F :8LJ8 Ef% .+$)''0% 8:KFI1 <CM@8 IF:@F >L8EF 98JJ8EK<J# ;<D8E;8;81 AFI>< =89@8E G8:?8:8D8 :8@CC8>L8% :L8EK@81 @E;<K<ID@E8;8 ALQ>8;F HL@EKF ;< CF :@M@C ;< GLA@C@%$ Gla`cˆ# () [\ dXiqf [\ )''02 cXj '/_*' M@JKFJ1 CX [\dXe[X hl\ Xek\Z\[\ \j ZcXiX# gi\Z`jX p i\’e\ cfj i\hl`$ j`kfj c\^Xc\j gXiX j\i XZ\gkX[X% KiXdˆk\j\ \e al`Z`f m\iYXc jldXi`f% LeX m\q hl\ cX XZkfiX <CM@8 IF:@F >L8EF 98JJ8EK<J _X i\e[`[f jl aliXd\ekf jfYi\ \c [\jZfefZ`$ d`\ekf [\c [fd`Z`c`f f i\j`[\eZ`X [\c [\dXe[X[f AFI>< =89@8E G8:?8:8D8 :8@CC8>L8# Zˆk\j\ \ „jk\ gfi cX gi\ejX \e lef [\ cfj [`X$ i`fj hl\ j\ \[`kXe \e cXj Z`l[X[\j [\ CXkXZle^X p Hl`kf# d\[`Xe[f gfi
cf d\efj fZ_f [ˆXj [\ leX X fkiX# m\`ek\ [ˆXj [\jgl„j [\ cX Â’ck`dX glYc`ZXZ`Â?e j\ gifj\^l`i} \c ki}d`k\ [\ cX gi\j\ek\ ZXljX Xle \e i\Y\c$ [ˆX% KÂ?d\j\ \e Zl\ekX cX ZlXekˆX [\ cX [\dXe[X p \c [fd`Z`c`f j\ÂŒX$ cX[f gXiX cXj efk`]`ZXZ`fe\j hl\ c\ Zfii\jgfe[Xe%$ Efk`]ˆhl\j\% ] ;i% <[n`e GXcdX ?\ii\iX Al\q% GXik`ZlcXi hl\ cc\mf X jl ZfefZ`$ d`\ekf gXiX cfj ]`e\j c\^Xc\j%$ Gla`cˆ# (- [\ dXiqf [\c )''0%$ <C J<:I<K8I@F <E:8I>8;F% CZ[f% GXYcf DfjZfjf G% CZ[f% GXYcf DfjZfjf G% J\Zi\kXi`f <eZXi^X[f ;\c Alq^X[f Hl`ekf [\ cf :`m`c [\ Gla`cˆ =`idX `c\^`Yc\ ?Xp le j\ccf ]&)(/0( <OKI8:KF AL;@:@8C ALQ>8;F JyGK@DF ;< CF :@M@C ;< G@:?@E:?8 :@K8:@äE AL;@:@8C 81 :?I@JK@8E :8::@8C8EQ8 ; < D 8 E ;8 ; F 1 : ? I @ JK @ 8 E :8::@8C8EQ8 8:KFI1 B8I@E8 <C@Q89<K? :8JK@CCF 8CK8D@I8EF AL@:@F1 ;@MFI:@F Ef%''+,$)'(($ GG KI8D@K<1 M<I98C JLD8I@F :L8EK@81 @E;<K<ID@E8;8 GIFM@;<E:@81 ALQ>8;F JyGK@DF ;< CF :@M@C ;< G@:?@E:?8% Hl`kf# dXik\j (/ [\ \e\if [\c )'((# cXj '0_,0%$ M@JKFJ1 8mfZf ZfefZ`d`\ekf [\ cX gi\j\ek\ ZXljX# \e d` ZXc`[X[ [\ Al\q K`klcXi [\ \jkX Al[`ZXkliX% CX [\dXe[X hl\ Xek\Z\[\ \j ZcXiX# Zfdgc\kX p i\Â’e\ cfj [\d}j i\hl`j`kfj [\ c\p% <j gifZ\[\ek\ \c ki}d`k\ m\iYXc jldXi`f hl\ j\ jfc`Z`kX# \e Zfe$ j\Zl\eZ`X [\ Zfe]fid`[X[ Zfe cf gi\m`jkf gfi \c 8ik% /) [\c :Â?[`^f [\ GifZ\[`d`\ekf :`m`c# p Xc aliXd\ekf i\e[`[f gfi cX XZkfiX [\ cX `dgfj`$ Y`c`[X[ [\ [\k\id`eXi cX `e[`m`[lX$ c`[X[ f i\j`[\eZ`X# j\ [`jgfe\ Z`kXi Xc [\dXe[X[f j\ÂŒfi :?I@JK@8E :8::@8C8EQ8# gfi cX gi\ejX \e lef [\ cfj [`Xi`fj [\ dXpfi Z`iZl$ cXZ`Â?e hl\ j\ \d`k\e \e \jkX Z`l[X[ [\ Hl`kf# d\[`Xe[f fZ_f [ˆXj \eki\ ZX[X glYc`ZXZ`Â?e % 8^i„^l\ej\ Xc gifZ\jf cfj [fZld\ekfj hl\ j\ XZfdgXÂŒXe% K„e^Xj\ \e Zl\ekX \c ZXj`cc\if al[`Z`Xc j\ÂŒXcX[f gfi cX ZfdgXi\Z`\ek\%$ 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\gÂ’Yc`ZX [\c <ZlX[fi <OKI8:KF AL;@:@8C ALQ>8;F ;<:@DF K<I:<IF ;< CF :@M@C ;< G@:?@E:?8 :@K8:@FE AL;@:@8C 8 IFJ8 D8I@8 DLQF JLHL@CCF
AL@:@F1 ;@MFI:@F Ef% .$)'(($BD 8:KFI1 G<;IF DLQF >L8D8E ;<D8E;8;F1 IFJ8 D8I@8 DLQF JLHL@CCF F9A<KF1 F9K<E<I C8 ;@JFCL:@äE ;<C MĂ E:LCF D8KI@DFE@8C :8LJ8C1 J\^le[f `eZ`jf [\ cX ZXl$ jXc ((\iX% [\c 8ik% ((' [\c :Â?[`^f :`m`c KI8D@K<1 M<I98C JLD8I@F :L8EK@81 @E;<K<ID@E8;8 GIFM@;<E:@8 ALQ>8;F ;<:@DF K<I:<IF ;< CF :@M@C ;< G@:?@E:?8% Hl`kf# cle\j *( [\ \e\if [\c )'((# cXj '0_+.% M@JKFJ1 CX [\dXe[X \j ZcXiX# gi\Z`jX p i\Â’e\ cfj i\hl`j`kfj [\ C\p% Gfi Zfej`^l`\ek\# Xc j\i gif$ Z\[\ek\ \c ki}d`k\ m\iYXc jldXi`f p Xk\ekf \c aliXd\ekf i\e[`[f gfi \c XZkfi# Zfe \c c`Y\cf `e`Z`Xc p \jkX gif$ m`[\eZ`X# Zˆk\j\ X cX j\ÂŒfiX IFJ8 D8I@8 DLQF JLHL@CCF d\[`Xe$ k\ glYc`ZXZ`fe\j [\ gi\ejX# \e cX ]fidX [`jgl\jkX gfi \c 8ik% ((0 [\c :Â?[`^f :`m`c p \e cX Z`l[X[ [\ Hl`kf# cl^Xi [\c al`Z`f p [\c dXki`dfe`f% KÂ?d\j\ \e Zl\ekX \c [fd`Z`c`f al[`Z`Xc j\ÂŒXcX[f gfi \c XZZ`feXe$ k\ p X^i„^l\j\ cX [fZld\ekXZ`Â?e X[alekX% Efk`]ˆhl\j\%$ = ;I% IL9<E :<M8CCFJ =898I8% AL<Q Cf hl\ Zfdle`Zf X ljk\[ gXiX cfj ]`e\j [\ c\p# gi\m`e`„e[fc\ [\ cX fYc`^XZ`Â?e hl\ k`\e\ [\ j\ÂŒXcXi ZXj`cc\if al[`Z`Xc gXiX ]lkliXj efk`$ ]`ZXZ`fe\j hl\ c\ Zfii\jgfe[Xe%$ :\ik`]`Zf% ;I% E@CF >FEQ8CF 8CD8:?@ J<:I<K8I@F ;<C ALQ>8;F ;<:@DF K<I:<IF ;< CF :@M@C ;< G@:?@E:?8 ?Xp ]`idX p j\ccf 8:&./').&XX I% [\c% <% <OKI8:KF ALQ>8;F F:K8MF ;< CF :@M@C ;< G@:?@E:?8 :@K8:@äE 8 ;<C@8 D8I@8 <EIĂ HL<Q IL@Q 8:KFI1 N`c]i`[f 8c\oXe[\i M`el\qX JlcZX ;<D8E;8;81 ;\c`X DXiˆX <eiˆhl\q Il`q AL@:@F1 ;`jfclZ`Â?e JfZ`\[X[ :fepl^Xc Eif% (,+0$)'('$n%q% KI8D@K<1 <jg\Z`Xc AL<Q1 ;i% 8idXe[f 8Z\c[f >lXcc` Jlgc\ek\ J<:I<K8I@F1 ;i% =iXeZ`jZf Aljk`Z`X JXc^X[f :L8EK@81 @e[\k\id`eX[X 8LKF1 ALQ>8;F F:K8MF ;< CF :@M@C ;< G@:?@E:?8# Hl`kf# al\m\j )' [\ \e\if [\c )'((# cXj (+_+'% M`jkfj1 Gfi ZlXekf j\ _X [X[f Zldgc`d`\ekf X cf fi[\eX[f \e gifm`[\eZ`X Xek\i`fi# j\ ZXc`]`ZX cX [\dXe[X Zfdf ZcXiX# gi\Z`jX p hl\ i\Â’e\ cfj i\hl`j`kfj [\ c\p2 \e Zfe$ j\Zl\eZ`X# kiXdˆk\j\ cX d`jdX \e cX mˆX c\^Xc Zfii\jgfe[`\ek\%$ :ˆk\j\ X cX [\dXe[X[X ;\c`X DXiˆX <eiˆhl\q Il`q# gfi d\[`f [\ cX gi\ejX# \e lef [\ cfj [`Xi`fj [\ dXpfi Z`iZlcXZ`Â?e hl\ j\ \[`kXe \e \jkX Z`l[X[ [\ Hl`kf# gfi ZlXekf YXaf aliXd\ekf j\ dXe`]`\jkX `dgfj`Yc\ [\k\id`$ eXi jl `e[`m`[lXc`[X[ f i\j`[\eZ`X%$ 8^i„^l\j\ Xc gifZ\jf \c [fZld\e$ kf hl\ j\ XZfdgXÂŒX%$ K„e^Xj\ \e Zl\ekX \c ZXj`cc\if al[`Z`Xc j\ÂŒXcX[f gfi \c XZkfi p cX ]XZlckX[ ZfeZ\[`[X Xc XYf^X[f [\]\ejfi%$ Efk`]ˆhl\j\% = ;I% 8ID8E;F 8:<C;F >L8CC@% AL<Q JLGC<EK<% Cf hl\ Zfdle`Zf X L[%# gXiX cfj ]`e\j [\ c\p# gi\m`e`„e[fc\ [\ cX fYc`^XZ`Â?e hl\ k`\e\ [\ j\ÂŒXcXi ZXj`cc\if al[`Z`Xc gXiX gfjk\i`fi\j efk`]`ZXZ`fe\j% ;I% =I8E:@J:F ALJK@:@8 J8C>8;F% J<:I<K8I@F%
g Ĺ? ĂăĹ? Ĺ? Ĺ? Ĺ?Ä‚Ä€Ä Ä
Ĺ? +. Ĺ? ÄŒĹ?
ă
Wb [ijWXb[Y[h gk[ ÆjeZe i[h ^kcWde j_[d[ Z[h[Y^e W fh[iYh_X_h [b X_[d" o W _cfed[h be Yehh[Yje o fhe^_X_h be Y[dik# hWXb[Ç1 [i Z[Y_h" kd YedY[fje _ib|c_# Ye Z[ bW cehWb f‘Xb_YW gk[" [d j[e# h‡W" \WYkbjWh‡W W jeZe ckikbc|d fWhW [n_]_h gk[ i[ Ykcfb_[i[d bei fh[Y[fjei h[b_]_eiei [d Wki[dY_W Z[ kdW Wkjeh_ZWZ b[]Wb$ 1+.2ĹŠ _1#9ĹŠ 04#1. #!' Ä–ĹŠ # 1#1.ĹŠÄ‰Ä‡ÄˆÄˆ 1(%#-Ä–ĹŠ .3(!( 2ĹŠ 41~"(! 2
?Xp ]`idX p j\ccf 8:&./')'&XX I<GL9C@:8 ;<C <:L8;FI ALQ>8;F J<>LE;F ;< CF :@M@C ;< G@:?@E:?8 :@K8:@äE AL;@:@8C :`kXj\ Zfe \c j`^l`\ek\ \okiXZkf [\ cX [\dXe[X [\ [`mfiZ`f X1 8E8 D8I@8 8D8I=@C IF;IĂ >L<Q# :lpf k\efi \j \c j`^l`\ek\1 8:KFI1 I8=8<C 8EKFE@F GFM<;8 IFD<IF ;<D8E;8;F1 8E8 D8I@8 8D8I=@C IF;IĂ >L<Q% :C8J< ;< AL@:@F1 ;@MFI:@F Ef% ((..$ )'('% =M% KI8D@K<1 M<I98C JLD8I@F :L8EK@81 @E;<K<ID@E8;8 F9A<KF ;< C8 ;<D8E;81 ; @ JF CM < I <C M @ E : L CF D8KI@DFE@8C ALQ>8;F J<>LE;F ;< CF :@M@C ;< G@:?@E:?8% HL@KF# cXj ((_'.% M@JKFJ1 8mfZf ZfefZ`d`\ekf [\ cX gi\j\ek\ ZXljX \e ZXc`[X[ [\ Al\q \eZXi^X[f [\c Alq^X[f J\^le[f [\ cf :`m`c [\ G`Z_`eZ_X \e m`ikl[ [\c f]`Z`f Ef% (*'/$;G$;GG# [\ ]\Z_X . [\ Alc`f [\c )'('%$ CX [\dXe[X [\ [`mfiZ`f gi\j\ekX[X gfi I8=8<C 8EKFE@F GFM<;8 IFD<IF \e ZfekiX [\ 8E8 D8I@8 8D8I=@C IF;I@>L<Q# \j ZcXiX# gi\Z`jX p i\Â’e\ cfj i\hl`j`kfj c\^Xc\j \e Zfej\Zl\eZ`X j\ cX XZ\gkX X kiXd`$ k\ Zfii\jgfe[`\ek\ X cX mˆX M\iYXc JldXi`X gi\m`jkX \e cX j\ZZ`Â?e )*% 8ik%/)/ p j`^l`\ek\j [\c :Â?[`^f ;\ GifZ\[`d`\ekf :`m`c% 8k\ekX cX Xj\m\iXZ`Â?e aliXd\ekX[X [\c XZZ`f$ eXek\ i\jg\Zkf [\ cX `dgfj`Y`c`[X[ [\ [\k\id`eXi cX `e[`m`[lXc`[X[ f i\j`[\eZ`X [\ cX [\dXe[X[X# :ˆk\j\ X 8E8 D8I@8 8D8I=@C IF;I@>L<Q# Zfe le \okiXZkf [\ cX [\dXe[X p \jkX gifm`[\eZ`X gfi cX gi\ejX \e lef [\ cfj g\i`Â?[`Zfj [\ dXpfi Z`iZlcXZ`Â?e hl\ j\ \[`kXe \e \jkX Z`l[X[ [\ Hl`kf% 8^i„^l\j\ Xc gifZ\jf cX [fZld\ekXZ`Â?e gi\j\ekX[X% K„e^Xj\ \e Zl\ekX \c ZXj`cc\if j\ÂŒXcX[f p cX Xlkfi`$ qXZ`Â?e fkfi^X[X X jl 8Yf^X[f gXkifZ`eX[fi#$EFK@=@HL<J<%$ EFK@=@HL<J<%$ = ;I% =89I@:@F J<>F>@8 9<K8E:FLIK < 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 [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 ]`idX p j\ccf 8:&./'(/&XX 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 8C J<zFI <;L8I;F G8KI@:@F :89I<I8 >8CC<>FJ 8:KFI81 <JG<I8EQ8 ;< C8J D<I:<;<J :8CC< ; < D 8 E ;8 ; F 1 < ; L 8 I ; F G8KI@:@F :89I<I8 >8CC<>FJ AL@:@F ;< ; @ MF I : @ F :FEKIFM<IK@;F1 E— (,*+$)'('$ ;I% G8LC K8G@8 :8LJ8C FE:< ;<C 8IK% ((' @E:@JF J<>LE;F ;<C :F;@>F :@M@C :L8EK@81 @E;<K<ID@E8;8 :8J@CC<IF AL;@:@8C E— ,,0 89F>8;F ;<=<EJFI ;I% D8EL<C J@CM8 ALQ>8;F M@><J@DF HL@EKF ;< CF :@M@C ;< G@:?@E:?8%$ HL@KF# cle\j )) [\ efm`\dYi\ [\c )'('# cXj '0_)(% M@JKFJ1 <e m`ikl[ [\c jfik\f hl\ Xek\Z\[\# XmfZf ZfefZ`d`\ekf
[\ cX gi\j\ek\ ZXljX \e d` ZXc`[X[ [\ Al\q k`klcXi [\ \jkX Al[`ZXkliX%$ \e cf gi`eZ`gXc cX [\dXe[X gi\j\e$ kX[X \j ZcXiX# gi\Z`jX p i\Â’e\ cfj i\hl`j`kfj [\ C\p# gfi Zfej`^l`\e$ k\# Xc j\i gifZ\[\ek\ \c kiXd`k\ m\iYXc jldXi`f Zfe \c \jZi`kf [\ [\dXe[X p \jkX gifm`[\eZ`X# Zˆk\$ j\ Xc [\dXe[X[f j\ÂŒfi <;L8I;F G8KI@:@F :8II<I8 >8CC<>FJ# \e \c cl^Xi `e[`ZX[f%$ KÂ?d\j\ \e Zl\ekX \c [fd`Z`c`f al[`Z`Xc j\ÂŒX$ cX[f gfi cX XZkfiX p X^i„^l\j\ cX [fZld\ekXZ`Â?e X[alekX%$ :@K<J< P EFK@=@HL<J< = ;I% @m}e :\mXccfj QXdYiXef% AL<Q ALQ>8;F M@><J@DF HL@EKF ;< CF :@M@C ;< G@:?@E:?8%$ HL@KF# al\m\j * [\c )'((# cXj (+_(+%$ 8k\ekf \c aliXd\ekf i\e[`[f gfi cX j\ÂŒfiX <JG<I8EQ8 ;< C8J D<I:<;<J :8CC< p cf [`jgl\jkf \e \c 8ik% /) [\c :Â?[`^f [\ GifZ\[`d`\ekf :`m`c# Zfe \c Xlkf [\ ZXc`]`ZXZ`Â?e p \jkX gifm`[\eZ`X Zˆk\j\ Xc [\dXe$ [X[f j\ÂŒfi <;L8I;F G8KI@:@F :89I<I8 >8CC<>FJ# gfi cX gi\e$ jX \e lef [\ cfj [`Xi`fj [\ dXpfi Z`iZlcXZ`Â?e hl\ j\ \[`kXe \e \jkX Z`l[X[ [\ Hl`kf# [\ Zfe]fid`[X[ Zfe \c 8ik% ((0 [\c :Â?[`^f :`m`c# Xc \]\Zkf Zfe]`„iXj\ Xc \okiXZkf Zfii\j$ gfe[`\ek\%$ 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`Â?e [\ j\ÂŒXcXi ZXj`cc\if al[`Z`Xc gXiX i\Z`Y`i ]lkliXj efk`]`ZXZ`fe\j% ;i% Cl`j =\ieXe[f J\iiXef D% J<:I<K8I@F 8:&../',&d^ <OKI8:KF ALQ>8;F HL@EKF ;< CF :@M@C ;< G@:?@E:?8 :@K8:@äE AL;@:@8C 1 8 C8 J<zFI8 DäE@:8 :<:@C@8 D8EFJ8CM8J 8CD<@;8 8:KFI1 89F>8;F <;N@E <D@C@F <I8QF <I8QF# GIF:LI8;FI AL;@:@8C ;<C J<zFI IF9<IKF J8EK@8>F 9<:<II8 8CD<@;8 ;<D8E;8;F1 8 C8 J<zFI8 DFE@:8 :<:@C@8 D8EFJ8CM8J 8CD<@;8 AL@:@F1 )'(($''(($ :J KI8D@K<% M<I98C JLD8I@F :L8EK@81 @E;<K<ID@E8;8 =LE;8D<EKFJ ;< ;<I<:?F 1 <E CF ;@JGL<JKF <E <C 8IK@:LCF ((' ;<C :F;@>F :@M@C ELD<I8C (( @E:@JF GI@D<IF 8JLEKF1 ;@JFCL:@äE M@E:LCF D8KI@DFE@8C D8KI@EFD@F :<C<9I8;F <E HL@KF# GIFM@E:@8 ;< G@:?@E:?8 <C :@E:F ;< F:KL9I< ;<C ;FJ D@C :@E:F# EF ?8E GIF:I<8;F ?@AFJ# EF ?8E 8;HL@I@;F 9@<E<J ;< E@E>LE8 E8KLI8C<Q8% ;<=<EJFI ;<C 8:KFI1 ;I% <;N@E <I8QF @E@:@8;F1 '- ;< <E<IF ;<C )'(( ALQ>8;F HL@EKF ;< CF :@M@C ;< G@:?@E:?8% Hl`kf# \e\if (* [\c )'((2 cXj ((_)(%$ M@JKFJ1 Gfi ZlXekf j\ _X [X[f Zldgc`d`\ekf X cf fi[\eX[f \e gifm`[\eZ`X Xek\$ i`fi# cX [\dXe[X hl\ Xek\Z\[\ \j ZcXiX# gi\Z`jX p i\Â’e\ cfj [\d}j i\hl`j`kfj [\ C\p% Gfi cf hl\ j\ cX X[d`k\ X ki}d`k\% ;\ZcXiXj\ gif$ Z\[\ek\ \c ki}d`k\ m\iYXc jldXi`f% <eki„^l\j\ X cX [\dXe[X[X DÂ?e`ZX :\Z`c`X DXefjXcmXj 8cd\`[X# Zfg`X [\ cX [\dXe[X p [\ \jkX gifm`[\e$ Z`X% 8k\ekf \c aliXd\ekf i\e[`[f gfi \c XZkfi p [\ Zfe]fid`[X[ Zfe \c 8ik% /) [\c :Â?[`^f [\ GifZ\[`d`\ekf :`m`c# Zˆk\j\ gfi cX gi\ejX \e lef [\ cfj [`Xi`fj [\ dXpfi Z`iZlcX$ Z`Â?e hl\ j\ \[`kX \e \jkX Z`l[X[
Ĺ? Ĺ?
Ĺ?
Ĺ? Ĺ?
Ĺ?
Ä…
g Ĺ? ĂăĹ? Ĺ? Ĺ? Ĺ?Ä‚Ä€Ä Ä
Ĺ? +. Ĺ? ÄŒĹ?
[\ Hl`kf X cX [\dXe[X[X DÂ?e`ZX :\Z`c`X DXefjXcmXj 8cd\`[X# [`Z_X Z`kXZ`Â?e j\ i\Xc`qXi} Zfe]fid\ \c 8ik% ((0 [\c :Â?[`^f :`m`c# d\[`Xe[f fZ_f [ˆXj _}Y`c\j \eki\ leX p fkiX glYc`ZXZ`Â?e% K„e^Xj\ \e Zl\ekX \c ZXj`cc\if al[`Z`Xc j\ÂŒXcX[f gfi \c XZkfi% 8^i„^l\j\ Xc gifZ\jf cX [fZld\ekXZ`Â?e hl\ j\ XZfdgX$ ÂŒX% EFK@=@HL<J<% = ;iX% DXiˆX D\iZ\[\j Gfik`ccX 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 \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% J<:I<K8I@F ?Xp ]`idX p j\ccf 8:&../)'&XX I<GL9C@:8 ;<C <:L8;FI ALQ>8;F J<>LE;F ;< CF :@M@C ;< G@:?@E:?8 :@K8:@äE AL;@:@8C :`kXj\ Zfe \c j`^l`\ek\ \okiXZkf [\ cX [\dXe[X [\ [`mfiZ`f X1 D8I@8 D<I:<;<J >I8E;8 IFA8J% Zlpf k\efi \j \c j`^l`\ek\1 8:KFI1 ;I% :<J8I 8L>LJKF <JG@EFJ8 FIHL<I8 \e ZXc`[X[ [\ GifZliX[fi al[`Z`Xc [\ >LJK8MF <JG@E GILE8 Zfdf ZfejkX [\ Xlkfj# \e ZfekiX [\ D8I@8 D<I:<;<J >I8E;8 IFA8J# ;<D8E;8;81 D8I@8 D<I:<;<J >I8E;8 IFA8J% :C8J< ;< AL@:@F1 ;@MFI:@F Ef% (-/' $ )'('%=M KI8D@K<1 M<I98C JLD8I@F :L8EK@81 @E;<K<ID@E8;8 F9A<KF ;< C8 ;<D8E;81 ; @ JF CM < I <C M @ E : L CF D8KI@DFE@8C ALQ>8;F J<>LE;F ;< CF :@M@C ;< G@:?@E:?8% Hl`kf# dXik\j (/ [\ \e\if [\c )'((# cXj (._(+%$ M@JKFJ1 8mfZf ZfefZ`d`\ekf [\ cX gi\j\ek\ ZXljX \e ZXc`[X[ [\ Al\q \eZXi^X[f [\c Alq^X[f J\^le[f [\ cf :`m`c [\ G`Z_`eZ_X \e m`ikl[ [\c f]`Z`f Ef% (*'/$;G$;GG# [\ ]\Z_X . [\ Alc`f [\c )'('%$ CX [\dXe[X [\ [`mfiZ`f gi\j\ekX[X gfi ;I% :<J8I 8L>LJKF <JG@EFJ8 FIHL<I8 \e ZXc`[X[ [\ GifZliX[fi al[`Z`Xc [\ >LJK8MF <JG@E GILE8 Zfdf ZfejkX [\ Xlkfj# \e ZfekiX [\ D8I@8 D<I:<;<J >I8E;8 IFA8J# \j ZcXiX# gi\Z`jX p i\Â’e\ cfj i\hl`j`$ kfj c\^Xc\j \e Zfej\Zl\eZ`X j\ cX XZ\gkX X ki}d`k\ Zfii\jgfe[`\ek\ X cX mˆX M\iYXc JldXi`X gi\m`jkX \e cX j\ZZ`Â?e )*% 8ik%/)/ p j`^l`\ek\j [\c :Â?[`^f ;\ GifZ\[`d`\ekf :`m`c% 8k\ekX cX Xj\m\iXZ`Â?e aliXd\ekX$ [X [\c XZZ`feXek\ i\jg\Zkf [\ cX `dgfj`Y`c`[X[ [\ [\k\id`eXi cX `e[`$ m`[lXc`[X[ f i\j`[\eZ`X [\c [\dXe$ [X[f# :ˆk\j\ X D8I@8 D<I:<;<J >I8E;8 IFA8J Zfe le \okiXZkf [\ cX [\dXe[X p \jkX gifm`[\eZ`X gfi cX gi\ejX \e lef [\ cfj g\i`Â?[`Zfj [\ dXpfi Z`iZlcXZ`Â?e hl\ j\ \[`kXe \e \jkX Z`l[X[ [\ Hl`kf% 8^i„^l\j\ Xc gifZ\jf cX [fZld\ekXZ`Â?e gi\$ j\ekX[X% K„e^Xj\ \e Zl\ekX \c ZXj`cc\if j\ÂŒXcX[f p cX Xlkfi`qXZ`Â?e fkfi^X[X X jl 8Yf^X[f gXkifZ`eX$ [fi#%$EFK@=@HL<J<%$;I% =89I@:@F J<>F>@8 9<K8E:FLIK < 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 [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 ]`idX p j\ccf 8:&..-'+ I<Gè9C@:8 ;<C <:L8;FI ALQ>8;F J<>LE;F ;< CF :@M@C ;< G@:?@E:?8 :@K8:@FE AL;@:@8C 81 D8PI8 C@C@8E8 M@M8E:F GFQF 8:KFI1 =I8EBC@E IL9<E HL@KF G@EK8 ;<D8E;8;81 D8PI8 C@C@8E8 M@M8E:F GFQF AL@:@F ;< ;@MFI:@F Ef% ',-.$ )'('$?%>% :L8EKĂ 81 @E;<K<ID@E8;8 ALQ>8;F J<>LE;F ;< CF :@M@C ;< G@:?@E:?8%$ Hl`kf# d`„iZfc\j (0 [\ dXpf [\c )'('# cXj ('_,-%$ 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 Zfdgc\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# D8PI8 C@C@8E8 M@M8E:F GFQF# \e \c cl^Xi hl\ j\ `e[`ZX%$ K„e^Xj\ \e Zl\ekX cX
`ej`elXZ`Â?e [\ :liX[fi 8[$C`k\d%$ 8^i\^l\j\ cX [fZld\ekXZ`Â?e 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# dXik\j + [\ \e\if [\c )'((# cXj (,_+(%$ 8k\ekX cX iXqÂ?e [\ Z`kXZ`Â?e ZfejkXk\ X ]faXj () [\c gifZ\jf p \e d\i`kf Xc aliXd\ekf i\e[`[f gfi \c XZZ`f$ eXek\# :@K<J< X cX [\dXe[X[X D8PI8 C@C@8E8 M@M8E:F GFQF# gfi d\[`f [\ cXj gi\ejX# d\[`Xek\ Zfe ki\j glYc`ZXZ`fe\j# d\[`Xe[f / [ˆXj \eki\ ZX[X leX# gXiX cf ZlXc Zfe]`„iXj\ \c \okiXZkf i\jg\Zk`mf%$ EFK@=Ă HL<J< ;I% =89I@:@F J<>FM@8 9<K8E:FLIK AL<Q <E:8I>8;F Cf hl\ gfe^f \e ZfefZ`d`\ekf [\c gÂ’Yc`Zf p :@KF gXiX cfj i\j$ g\Zk`mfj ]`e\j [\ c\p# gi\m`e`„e[fc\ cX fYc`^XZ`Â?e hl\ k`\e\ [\ j\ÂŒX$ cXi 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]
D<EFI<J I<Gè9C@:8 ;<C <:L8;FI ALQ>8;F F:K8MF ;< C8 E@z<Q P 8;FC<J:<E:@8 ;< G@:?@E:?8 :@K8:@äE AL;@:@8C 81 FJ:8I ;8M@; >8M@C8E<J >L<II<IF J\ c\ _XZ\ ZfefZ\i hl\# \e \c Alq^X[f FZkXmf [\ cX E`ÂŒ\q p cX 8[fc\jZ\eZ`X [\ G`Z_`eZ_X# X ZXi^f [\ cX ;iX% >`eX Jfcˆj M`jZXiiX Al\q 8[alekf# cX j\ÂŒfiX G8LC@E8 @J89<C D8EK@CC8 DFC@E8# _X gi\j\ekX[f cX [\dXe[X [\ 8c`d\ekfj Ef% ('(.$ )'('$ ;iX% @D \e cX hl\ j\ _X [`ZkX$ [f cf j`^l`\ek\1 <OKI8:KF AL;@:@8C 8:KFI1 G8LC@E8 @J89<C D8EK@CC8 DFC@E8 ;<D8E;8;F1 FJ:8I ;8M@; >8M@C8E<J >L<II<IF :8LJ8 E%$ ('(.$)'('$;I8% @D AL@:@F1 G I @ M8: @ ä E ; < G8KI@8 GFK<JK8; KIĂ?D@K<1 :FEK<E:@FJF ><E<I8C :L8EKĂ 81 @E;<K<ID@E8;8 :8J@CC<IF1 Ef$ )-0 8Y^% Ă?e^\c J`jXc\dX GIFM@;<E:@8 ALQ>8;F F:K8MF ;< C8 E@z<Q P 8;FC<J:<E:@8 ;< G@:?@E:?8% Hl`kf# al\m\j )( [\ fZklYi\ [\c )'('# cXj '0_*(%$ M@JKFJ1 LeX m\q hl\ cX XZkfiX _X [X[f Zldgc`d`\ekf Zfe cf fi[\eX[f gfi \jkX Xlkfi`$ [X[ \e gifm`[\eZ`X [\ ]\Z_X )( [\ j\gk`\dYi\ [\c )'('# cXj (,_'+# j\ gifZ\[\ X ZXc`]`ZXi cX [\dXe[X [\ Jljg\ej`Â?e [\ cX GXki`X Gfk\jkX[ \j ZcXiX p Zfdgc\kX# i\Â’e\ cfj i\hl`$ j`kfj [\ c\p# gfi cf hl\ j\ cX XZ\gkX Xc ki}d`k\ Zfek\eZ`fjf ^\e\iXc% <e Zfej\Zl\eZ`X# :Ă K<J< Zfe \c Zfek\e`[f [\ cX [\dXe[X p \jk\ Xlkf# Xc [\dXe[X[f j\ÂŒfi FJ:8I ;8M@; >8M@C8E<J >L<II<IF# [\ Zfe]fid`[X[ Zfe cf [`jgl\jkf \e \c 8ik% @eeld\iX[f *,# `eZ`jf j\^le[f [\ cX C\p I\]fidXkfi`X Xc Kˆklcf M# C`Yif @@ [\c :Â?[`^f Fi^}e`Zf [\ cX E`ÂŒ\q p 8[fc\jZ\eZ`X p \c 8ik% /, [\c :Â?[`^f [\ GifZ\[`d`\ekf :`m`c# Z`kXZ`Â?e hl\ j\ cf _Xi} d\[`Xek\ ki\j glYc`ZXZ`fe\j gfi cX gi\ejX# Zfe \c \okiXZkf [\ cX [\dXe[X p \jk\ Xlkf# hl\ j\ i\Xc`qXi}e \e lef [\ cfj g\i`Â?[`Zfj [\ dXpfi Z`iZlcXZ`Â?e [\ \jkX Z`l[X[ [\ Hl`kf# Zfe]fid\ cf [\k\id`eX \c 8ik% /) [\c :Â?[`^f [\ GifZ\[`d`\ekf :`m`c# pX hl\ YXaf aliXd\ekf cX XZkfiX dXe`]`\jkX cX `dgfj`Y`c`[X[ [\ lY`ZXi cX i\j`$ [\eZ`X [\c [\dXe[X[f# Zfe]fid\ ZfejkX [\c XZkX c\mXekX[X \e \jk\ Alq^X[f# X ]`e [\ hl\ Zfek\jk\ p _X^X mXc\i jlj [\i\Z_fj \e cX 8l[`\eZ`X [\ :feZ`c`XZ`Â?e# j\ÂŒX$ c\ [fd`Z`c`f al[`Z`Xc gXiX i\Z`Y`i jlj gfjk\i`fi\j efk`]`ZXZ`fe\j# gi\m`e`„e[fc\ [\ hl\ \e ZXjf [\ ef Zfek\jkXi e` j\ÂŒXcXi [fd`Z`c`f al[`Z`Xc# j\ jljkXeZ`Xi} cX gi\j\ek\ ZXljX \e i\Y\c[ˆX%$ <c [\dXe[X[f Xc dfd\ekf [\ Zfek\jkXi f Zfd$ gXi\Z\i X al`Z`f [\Y\i} Zldgc`i Zfe cf [`jgl\jkf \e \c 8ik% (') [\c :Â?[`^f [\ GifZ\[`d`\ekf :`m`c%$ <e cX Xl[`\eZ`X [\ ZfeZ`c`XZ`Â?e p Zfe$ k\jkXZ`Â?e X cX [\dXe[X# [`c`^\eZ`X X cX hl\ ZfeZlii`i}e cXj gXik\j g\ijfeXcd\ek\ f gfi d\[`f [\ gifZliX[fi\j al[`Z`Xc\j Zfe Xki`$ YlZ`fe\j Xdgc`Xj p jl]`Z`\ek\j Zfe Zc}ljlcX \jg\Z`Xc gXiX kiXej`^`i p# \e cX hl\ gi\j\ekXi}e cfj i\jg\Zk`$ mfj XeleZ`fj [\ gil\YX% 8^i„^l\j\ X cfj Xlkfj cX [fZld\ekXZ`Â?e hl\
Ĺ?
X[alekX% K„e^Xj\ \e Zl\ekX cX ZlXe$ kˆX `e[\k\id`eX[X# cX Xlkfi`qXZ`�e Zfe]\i`[X X jl [\]\ejfi p \c ZXj`$ cc\if al[`Z`Xc E%$)-0# j\ŒXcX[f gXiX i\Z`Y`i gfjk\i`fi\j efk`]`ZXZ`fe\j p cX Xlkfi`qXZ`�e _\Z_X X jl 8Yf^X[f [\]\ejfi%$ :ˆk\j\ p Efk`]ˆhl\j\%$] ;iX% >`eX Jfcˆj M`jZXiiX Al\q 8[alekf FZkXmf [\ cX E`Œ\q p 8[fc\jZ\eZ`X [\ G`Z_`eZ_X%$ Cf hl\ Zfdle`Zf X ljk\[ gXiX cfj ]`e\j [\ C\p# 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[ gXiX gfjk\i`fi\j efk`]`ZXZ`fe\j%$ :\ik`]`Zf% ;i% AXm`\i DXikˆe\q 8^l`ii\ J<:I<K8I@F 8;ALEKF ;<C ALQ>8;F F:K8MF ;< C8 E@z<Q P 8;FC<J:<E@:8 ;< G@:?@E:?8 8G&+/((*&ZZ ALQ>8;F ;<:@DF J<OKF ;< CF :@M@C ;< G@:?@E:?8 F9A<KF1 <OKI8:KF AL@:@F ;< K<E<E:@8 ;< D<EFI<J *($)'(( 8:KFI<J1 ?FEFI@F KFII<J P FKI8 ;<=<EJFI1 89% IF;I@>F G@E8E>F ; < D 8 E ;8 ;8 1 M < I F E @ :8 G8KI@:@8 >8CC<>FJ JFC8EF ALQ>8;F ;<:@DF J<OKF ;< CF :@M@C ;< G@:?@E:?8%$ KXYXZle[f# X (+ [\ ]\Yi\if [\ )'((# X cXj ('_''%$ M@JKFJ1 Gfi _XY\i [\ZcXiX[f YXaf aliXd\ekf cfj XZkfi\j%$ 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\ XZ\gkX X ki}d`k\ Zfe$ k\eZ`fjf ^\e\iXc2 j\^’e cf [`jgfe\ \c 8ik% ).( p j`^l`\ek\j [\c :�[`^f [\ cX E`Œ\q p 8[fc\jZ\eZ`X%$ :ˆk\j\ Zfe cX [\dXe[X p \jk\ Xlkf X cX j\ŒfiX M\i�e`ZX GXki`Z`X >Xcc\^fj JfcXef p Xc j\Œfi MˆZkfi DXel\c Kfii\j :_XeZlj`^# \e cX [`i\ZZ`�e `e[`ZX[X X ]`e [\ hl\ Zfek\jk\e \e cX Xl[`\eZ`X Zfii\jgfe[`\ek\%$ GXiX \c Zldgc`d`\ekf [\ cX Z`kXZ`�e X cX j\ŒfiX M\i�e`ZX GXki`Z`X >Xcc\^fj JfcXef j\ c\ Z`kXi} gfi cX gi\ejX \e lef [\ cfj [`Xi`fj [\ dXpfi Z`iZlcX$ Z`�e [\ cX Z`l[X[ [\ Hl`kf [\ Zfe$ ]fid`[X[ Xc 8ik% /) [\c :�[`^f [\ GifZ\[`d`\ekf :`m`c%$ K„e^Xj\ \e Zl\ekX cX [\j`^eXZ`�e [\c 8Yf^X[f gXkifZ`eX[fi p \c ZXj`cc\if al[`Z`Xc j\ŒXcX[f gfi cfj XZkfi\j gXiX i\Z`Y`i jlj efk`]`ZXZ`fe\j%$ 8Zk’\ \c CZ[f% <[lXi[f D`Z_`c\eX Zfdf J\Zi\kXi`f <eZXi^X[f%$ :ˆk\j\ p efk`]ˆhl\j\% ] Al\qX%$ ;iX% 8eX @eki`X^f [\ Jfkf% Cf hl\ Z`kf X ljk\[ gi\m`e`„e[fc\ [\ cX fYc`^XZ`�e [\ j\ŒXcXi ZXj`cc\if al[`Z`Xc gXiX i\Z`Y`i ]lkliXj efk`]`ZX$ Z`fe\j [\ekif [\c g\iˆd\kif c\^Xc [\ \jkX ali`j[`ZZ`�e% KXYXZle[f# (/ [\ ]\Yi\if [\ )'((% :\ik`]`Zf%$ CZ[f% <[lXi[f D`Z_`c\eX# J\Zi\kXi`f <eZXi^X[f% 8%G%&+/(*.&b%d% I% ;<C <% ALQ>8;F EFM<EF ;< C8 E@z<Q P 8;FC<J:<E:@8 ;< G@:?@E:?8 :@K8:@FE AL;@:@8C 8C J<zFI A8@D< @J8: ?@;8C>F :<M8CCFJ <OKI8:KF :8L J8 1 8 C @ D < E KFJ P GI<JLE:@FE ;< G8K<IE@;8; Ef% ;\ AL@:@F (,,,$)'(( 8:KFI1 <CJ8 M@FC<K8 FIFQ:F FIFQ:F ;<D8E;8;F1 A8@D< @J8: ?@;8C>F :<M8CCFJ D<EFI1 C<E@E FD8I FIFQ:F FIFQ:F :L8EK@81 LJ; )%+''#'' AL<Q1 ;I% :8ICFJ 8I<M8CF <JKI8;8 AL<Q 8;ALEKF ;<C ALQ>8;F EFM<EF ;< C8 E@z<Q P 8;FC<J:<E:@8% ;< G@:?@E:?8% ALQ>8;F EFM<EF ;< C8 E@z<Q P 8;FC<J:<E:@8 ;< G@:?@E:?8%$ Hl`kf# al\m\j )' [\ \e\if [\c )'((# cXj (-_(,% M@JKFJ1 Gfi ZlXekf cX XZZ`feXek\ _X [X[f Zldgc`d`\ekf X cf fi[\eX[f \e gifm`[\eZ`X Xek\$ i`fi# \e d` ZXc`[X[ [\ Al\q 8[alekf K\dgfiXc# [Xe[f Zldgc`d`\ekf X cf [`jgl\jkf \e cX i\]fidX \jkXYc\Z`$ [X gfi \c :fej\af [\ cX Al[`ZXkliX# d\[`Xek\ i\jfclZ`�e Ef% '-,$)'('# GlYc`ZX[f \e \( I\^`jkif F]`Z`Xc Ef% *(0 [\ () [\ Efm`\dYi\ [\c )'(' p \e \c Xik`Zlcf * c`k\iXc X # Y # p Z # [\ cXj efidXj gXiX \c ]leZ`feX$ d`\ekf Fg\iXk`mf p 8[d`e`jkiXk`mf [\ Al\Z\j 8[alekfj K\dgfiXc\j# [`ZkX[Xj gfi \c :fej\af [\ cX Al[`ZXkliX \c [ˆX )' [\ alc`f [\c )'(' p glYc`ZX[f \e \c I\^`jkif F]`Z`Xc Ef% )-+ [\ ), [\ 8^fjkf [\c )'(' p \c Xik`Zlcf (.( [\c :�[`^f Fi^}e`Zf [\ ]X =leZ`�e Al[`Z`Xc p gi\m`f \( jfik\f [\ C\p# 8MF:F ZfefZ`d`\ekf [\ cX [\dXe[X hl\ Xek\Z\[\# cX d`jdX X hl\ gfi j\i ZcXiX p i\le`i cfj i\hl`j`kfj [\c 8ik%-. [\c :�[`^f [\ GifZ\[`d`\ekf :`m`c# \j XZ\gkX[X X ki}d`k\ gi\m`jkf \e cX C\p I\]fidXkfi`X Xc :�[`^f [\ cX E`Œ\q p 8[fc\jZ\eZ`X glYc`ZX[X \e \c I%F%J% -+* [\ )/ [\ Alc`f [\ )%''0%$ Gfi cf hl\ [`jgfe^f1 ( ;\ Zfe]fid`[X[ Zfe \c aliXd\ekf i\e$ [`[f gfi cX j\ŒfiX <CJ8 M@FC<K8 FIFQ:F FIFQ:F# \e \c hl\ [\ZcXiX [\jZfefZ\i \c [fd`Z`c`f f gXiX[\if [\c [\dXe[X[f g\j\ X
;b ieb _bkc_de kdW \h‡W ^WX_jWY_Œd gk[ feh W‹ei de \k[ cWi gk[ kdW XeZ[]W Z[ Wd]kij_W o Z[i[if[hWY_Œd$$$$$$ 7HC7D:E =KJ?xHH;P$ cXj d’ck`gc\j Xm\i`^lXZ`fe\j i\X$ c`qX[Xj c\ _X j`[f `dgfj`Yc\ [\k\i$ d`eXi \c [fd`Z`c`f p&f i\j`[\eZ`X2 \e kXc m`ikl[ :@K<J< Xc j\Œfi A8@D< @J8: ?@;8C>F :<M8CCFJ# Zfe \c Zfek\e`[f [\ cX [\dXe[X p gifm`[\eZ`X \e \ccX i\ZXˆ[X# Zfe$ ]fid\ [`jgfe\ \c 8ikˆZlcf /) [\c :�[`^f [\ GifZ\[`d`\ekf :`m`c# \e lef [\ cfj [`Xi`fj [\ dXpfi Z`i$ ZlcXZ`�e [\ \jkX Z`l[X[ [\ Hl`kf# cX d`jdX hl\ j\ cf _Xi} d\[`Xek\ ki\j glYc`ZXZ`fe\j \e [ˆXj [`jk`ekfj2 j\ c\ X[m`\ik\ Xc [\dXe[X[f [\ jl fYc`^XZ`�e [\ ZfdgXi\Z\i X al`Z`f YXaf gi\m\eZ`fe\j [\ Zfek`elXi cX ZXljX \e i\Y\c[ˆX# p [\ gi\j\ekXi jl gil\YX \e cX 8l[`\eZ`X LE@:8 hl\ k\e[i} cl^Xi \e \jk\ ;\jgXZ_f# leX m\q hl\ ]l\i\ Z`kX[f c\^Xcd\ek\ X cX Xl[`\eZ`X [\Y\i} ZfdgXi\Z\i g\ijfeXcd\ek\ f gfi d\[`f [\ le 8Yf^X[f ;\]\ejfi Zfe gf[\i \jg\$ Z`Xc p GifZliXZ`�e Al[`Z`Xc Xlkfi`$ qX[f gXiX kiXej`^`i% ) <e cf hl\ \e [\i\Z_f gifZ\[X# X^i„^l\ej\ Xc \og\[`\ek\ p k�d\j\ \e Zl\ekX cX [fZld\ekXZ`�e X[alekX X cX [\dXe$ [X gfi cX XZZ`feXek\% * :fe]fid\ cfj 8ikj% 0 (*+ p *, (+.%(* [\ cX Z`kX[X C\p I\]fidXkfi`X Xc :�[`^f [\ cX E`Œ\q p 8[fc\jZ\eZ`X p X cX KXYcX [\ G\ej`fe\j 8c`d\ek`Z`Xj Dˆe`dXj \jkXYc\Z`[X gfi \c :fej\af [\ cX E`Œ\q d\[`Xek\ I\jfclZ`�e Ef%()$:EE8$)'('# glYc`ZX[X \e \c i\^`jkif F]`Z`Xc Ef%)*+# [\ (* [\ alc`f [\c )'('# j\ ]`aX \e cX jldX [\ J<K<EK8 P J<@J ;FC8I<J [\ cfj <jkX[fj Le`[fj [\ Efik\Xd„i`ZX .-#'' # cX g\ej`�e Xc`d\ek`Z`X gifm`j`feXc hl\ gfi d\jX[Xj X[\$ cXekX[Xj p X gXik`i [\ cX gi\j\ekX$ Z`�e [\ cX [\dXe[X# \c XZZ`feX[f [\Y\i} ZXeZ\cXi X ]Xmfi [\c d\efi FIFQ:F FIFQ:F C<E@E FD8I# ZlpX gXik`[X [\ EXZ`d`\ekf ZfejkX \e 8lkfj% + ?}^Xj\ ZfefZ\i \jk\ 8LKF X cX F]`Z`eX [\ I\ZXl[XZ`�e p GX^X[liˆX X ]`e [\ hl\ gifZ\[X X XYi`i cX KXia\kX Zfii\jgfe[`\ek\# j`e g\ial`Z`f hl\ cX [\i\Z_f_XY`\ek\ f jl i\gi\j\ekXek\ c\^Xc [\k\id`e\ leX Zl\ekX Zfii`\ek\ f [\ X_fiifj#
[fe[\ [\Y\i}e j\i [\gfj`kX[Xj cXj g\ej`fe\j Xc`d\ek`Z`Xj% , F]ˆZ`\j\ X cX ;`i\ZZ`Â?e EXZ`feXc [\ D`^iXZ`Â?e X ]`e [\ hl\ \d`kX le Z\ik`]`ZX[f [\c dfm`d`\ekf d`^iXkfi`f [\c j\ÂŒfi A8@D< @J8: ?@;8C>F :<M8CCFJ# GFIK8;FI [\ cX Z„[lcX [\ Z`l[X$ [XeˆX Ef% '-'*.(0..+%$ - LeX m\q hl\ \c [\dXe[X[f j\X c\^Xcd\ek\ Z`kX[f j\ j\ÂŒXcXi} [ˆX p _fiX X ]`e [\ hl\ j\ cc\m\ X ZXYf cX [`c`^\eZ`X [\c \oXd\e [\ 8;E% $ . KÂ?d\j\ \e Zl\ekX \c ZXj`cc\if al[`Z`Xc eÂ’d\if +.'.# j\ÂŒXcX[f gfi$ cX XZkfiX gXiX i\Z`Y`i jlj efk`]`ZXZ`fe\j% :@K<J< P EFK@=(HL<J<%$] ;i% :Xicfj 8i„mXcf <jkiX[X% Al\q 8[alekf K\dgfiXc % Cf hl\ Zfdle`Zf X ljk\[# gXiX cfj ]`e\j [\ C\p# gi\m`e`„e[fc\ [\ (X fYc`^XZ`Â?e hl\ k`\e\ [\ j\ÂŒXcXi [fd`Z`c`f f ZXj`ccX al[`Z`Xc gXiX gfjk\i`fi\j efk`]`ZXZ`fe\j [\ekif [\c g\iˆd\kif [\ C\p% 8k\ekXd\ek\# ;I% :8ICFJ DFI8C<J J<:IK8I@F 8;ALEKF ?Xp le j\ccf 8%8%&)-++' <OKI8:KF AL;@:@8C ALQ>8;F J<OKF ;< C8 E@z<Q P 8;FC<J:<E:@8 ;< G@:?@E:?8 :@K8:@äE AL;@:@8C Xc j\ÂŒfi CL@J =<IE8E;F J8C>8;F ?<IE8E;<Q# \e \c Al`Z`f [\ 8C@D<EKFJ :FEKIFM<IK@;FJ hl\ c\ j`^l\ \e jl ZfekiX M<IFE@:8 G@C8I C<D8 FIFQ:F :8LJ81 AL@:@F ;< 8C@D<EKFJ Eif% ;< AL@:@F '+**$)'('$I8K 8:KFI1 M<IFE@:8 G@C8I C<D8 FIFQ:F ;<D8E;8;F1 CL@J =<IE8E;F J8C>8;F ?<IE8E;<Q :L8EKĂ 81 LJ;% % *#'''%'' KI<J D@C ;FC8I<J ;< CFJ <JK8;FJ LE@;FJ ;< EFIK<8D<I@:8 ''&'' AL<Q1 ;I% BC<M<I :8C;<IäE ;@8J F9A<KF1 F9K<E<I LE8 G<EJ@FE 8C@D<EK@:@8 GFI G8IK< ;<C
REPUBLICA DEL ECUADOR SUPERINTENDENCIA DE COMPAĂ‘IAS
EXTRACTO DE LA ESCRITURA PĂšBLICA DE AUMENTO DE CAPITAL Y REFORMA DE ESTATUTOS DE KOPPERT ECUADOR CIA. LTDA.
Se comunica al pĂşblico que KOPPERT ECUADOR CIA. LTDA. aumentĂł su capital en USD $128.000,oo y reformĂł sus estatutos por escritura pĂşblica otorgada ante el Notario Primero del Distrito Metropolitano de Quito el 7 de Septiembre de 2010. Actos societarios aprobados por la Superintendencia de CompaĂąĂas, mediante ResoluciĂłn No. SC.IJ.DJC.Q.11.000757 de 17 de Febrero de 2011. En virtud de la escritura pĂşblica mencionada, la compaĂąia reforma el artĂculo Cuarto del Estatuto Social, referente al importe de capital, de la siguiente manera:
;<D8E;8;F 8 =8MFI ;<C D<EFI AL8E ;8M@; J8C>8;F C<D8% GIFM@;<E:@81 ALQ>8;F J<OKF ;< C8 E@z<Q P 8;FC<J:<E:@8 ;< G@:?@E:?8% Hl`kf# m`\ie\j )/ [\ \e\if [\c )'((# cXj (+_,(% M@JKFJ1 ;\ Zfe]fid`[X[ Zfe cf [`jgl\jkf \e \c XikˆZlcf (.( [\c :Â?[`^f Fi^}e`Zf [\ cX =leZ`Â?e Al[`Z`Xc p i\jfclZ`Â?e [\c :fej\af [\ cX Al[`ZXkliX Ef ',*$)'(' glYc`ZX$ [X \e \c I\^`jkif F]`Z`Xc Ef )-+ [\c ), [\ X^fjkf [\ )'(' p \e iXqÂ?e [\ jfik\fj# XmfZf ZfefZ`d`\ekf [\ cX gi\j\ek\ ZXljX# \e d` ZXc`[X[ [\ Al\q 8[alekf K\dgfiXc [\c Alq^X[f J\okf [\ cX E`ÂŒ\q p 8[fc\jZ\eZ`X [\ G`Z_`eZ_X%$ P gfi ZlXekf cX XZZ`f$ eXek\ _X [X[f Zldgc`d`\ekf Zfe cf [`jgl\jkf \e gifm`[\eZ`X Xek\$ i`fi%$ <e cf Gi`eZ`gXc# gfi Zldgc`[fj cfj i\hl`j`kfj [\c XikˆZlcf -. [\c :Â?[`^f 8[a\k`mf :`m`c# cX [\dXe[X hl\ Xek\Z\[\ j\ cX ZXc`]`ZX [\ ZcXiX p gi\Z`jX XZ\gk}e[fcX Xc ki}d`k\ gi\$ m`jkf \e cX m`^\ek\ C\p I\]fidXkfi`X Xc Kˆklcf M [\c C`Yif J\^le[f [\c :Â?[`^f [\ cX E`ÂŒ\q p 8[fc\jZ\eZ`X2 p Zfe]fid\ [`jgfe\ \c 8ik% *, @Yˆ[\d j\ ]`aX Zfdf g\ej`Â?e Xc`$ d\ek`Z`X gifm`j`feXc LJ; -,%)/ J<J<EK8 P :@E:F ;äC8I<J ;< CFJ <JK8;FJ LE@;FJ ;< EFIK<8DyI@:8 )/&('' # d}j Y\e\]`Z`fj [\ c\p \e ]Xmfi [\c d\efi AL8E ;8M@; J8C>8;F C<D8# hl\ j\i} [\gfj`kX[X gfi \c [\dXe[X$ [f CL@J =<IE8E;F J8C>8;F ?<IE8E;<Q# \e d\ejlXc`[X[\j Xek`Z`gX[Xj [\ekif [\ cfj gi`d\ifj Z`eZf [ˆXj [\ ZX[X d\j p i`^\ [\j[\ cX gi\j\ekXZ`Â?e [\ cX [\dXe[X hl\ \j \c )( [\ XYi`c [\c )'(' \e gX^X[l$ iˆX [\ „jkX Al[`ZXkliX# [`jgfe`„e[f$ j\ cX Xg\ikliX [\ cX kXia\kX BXi[\o# \e gX^X[liˆX [\ „jk\ Alq^X[f J\okf [\ cX E`ÂŒ\q p 8[fc\jZ\eZ`X [\ Hl`kf# Zfe]fid\ Xc Zfem\e`f m`^\ek\ \eki\ \c 9XeZf [\ >lXpXhl`c p \c :fej\af [\ cX Al[`ZXkliX%$ :Ă K<J< gfi cX gi\ejX Xc j\ÂŒfi CL@J =<IE8E;F J8C>8;F ?<IE8E;<Q# \jkf \j# d\[`Xek\ ki\j glYc`ZXZ`fe\j hl\ j\ _Xi}e \e ]\Z_Xj [`jk`ekXj# \e lef
[\ cfj [`Xi`fj [\ dXpfi Z`iZlcXZ`Â?e [\ cX gifm`eZ`X [\ G`Z_`eZ_X# Xc \]\Zkf \dˆkXj\ \c Zfii\jgfe[`\ek\ \okiXZkf%$ J` ZfekX[fj m\`ek\ [ˆXj X gXik`i [\ cX ]\Z_X [\ cX Â’ck`dX glYc`ZXZ`Â?e# ef ZfdgXi\Z`\i\# j\ j\^l`i} Zfe cX ZXljX \e i\Y\c[ˆX# Zfdf [\ XeleZ`Xi fgfikleXd\e$ k\ cX gil\YX%$ J\ [`jgfe\ hl\ cX XZkfiX Zfe]fid\ cf Zfek\e`[f \e \c c`k\iXc \ [\c 8Zl\i[f EXZ`feXc [\ 9l\eXj Gi}Zk`ZXj gXiX cX 8gc`ZXZ`Â?e [\ cX C\p I\]fidXkfi`X Xc Kˆklcf M# C`Yif J\^le[f# Ăˆ;\c ;\i\Z_f X 8c`d\ekfjÉ# [\c :Â?[`^f Fi^}e`Zf [\ cX E`ÂŒ\q p 8[fc\jZ\eZ`X# glYc`$ ZX[X \e \c I\^`jkif F]`Z`Xc Ef% -+* [\ alc`f )/ [\c )''0# gi\jk\ cXj ]XZ`c`[X[\j e\Z\jXi`Xj p ZfcXYfiX$ Z`Â?e gXiX hl\ j\ ZldgcX \e ]fidX \]\Zk`mX cX gi}Zk`ZX [\ cX Z`kXZ`Â?e \e \c d\efi k`\dgf gfj`Yc\%$ CX 8l[`\eZ`X èe`ZX k\e[i} cl^Xi \e „jkX Al[`ZXkliX \e \c k„id`ef [\ [`\q [ˆXj j`\dgi\ hl\ [\ Xlkfj j\ aljk`]`hl\ _XY\i Z`kX[f Xc [\dXe$ [X[f# Xl[`\eZ`X X cX hl\ cXj gXik\j Xj`jk`i}e g\ijfeXcd\ek\ f X kiXm„j [\ GifZliX[fi Al[`Z`Xc Zfe gf[\i Xdgc`f p jl]`Z`\ek\ gXiX kiXej`^`i p XZklXi cXj gil\YXj XeleZ`X[Xj%$ ;\ Zfe]fid`[X[ Zfe cf fi[\eX[f \e \c XikˆZlcf ++# (., p (-0 [\ cX :fejk`klZ`Â?e [\ cX I\gÂ’Yc`ZX p (( [\c :Â?[`^f [\ cX E`ÂŒ\q p 8[fc\jZ\eZ`X# [\ f]`Z`f hl\[Xe jlYjXeX[Xj cX fd`j`Â?e [\ ]fidXc`[X[\j%$ K„e^Xj\ \e Zl\ekX \c ZXj`cc\if al[`Z`Xc Ef *-++ [\j`^eX[f gfi cX XZkfiX gXiX jlj efk`]`ZXZ`fe\j%$ 8Zkl„ \c ;i% @m}e JXek`cc}e DXikˆe\q J\Zi\kXi`f 8[alekf [\ „jkX Al[`ZXkliX%$ :Ă K<J< p EFK@=Ă HL<J<%$ = ;I% BC<M<I :8C;<IFE ;@8J# AL<Q 8;ALEKF% ;i% @M8E J8EK@CC8E D8IK@E<Q J<:I<K8I@F 8;ALEKF ?Xp ]`idX p j\ccf 8:&..0/0&XX <OKI8:KF AL;@:@8C ALQ>8;F J<OKF ;< C8 E@z<Q P 8;FC<J:<E:@8 ;< G@:?@E:?8
:@K8:@äE AL;@:@8C 8C J<zFI1 CL@J D8I:<CF 8@CCFE# \e \c Al`Z`f [\ 8C@D<EKFJ hl\ c\ j`^l\ \e jl ZfekiX cX j\ÂŒfiX D8I@8 IFJ8I@F =@>L<IF8 :8LJ81 8C@D<EKFJ Eif% ;< AL@:@F ,'$)'('$8I 8:KFI1 D8I@8 IFJ8I@F =@>L<IF8 ;<D8E;8;F1 CL@J D8I:<CF 8@CCFE :L8EKĂ 81 .%)''#'' LJ; AL<Q81 ;I8% :<:@C@8 ;L8IK< <JK<M<J F9A<KF1 FYk\e\i 8c`d\ekfj X ]Xmfi [\ cXj d\efi\j A?FE A8@IF P CL@J ;8E@<C 8@CCFE =@>L<IF8 GIFM@;<E:@81 ALQ>8;F J<OKF ;< C8 E@z<Q P 8;FC<J:<E:@8 ;< G@:?@E:?8% Hl`kf# d`„iZfc\j () [\ \e\if [\c )'((# cXj ((_(*# j\ [`jgfe\ :@K8I gfi cX gi\ejX# Xc j\ÂŒfi CL@J D8I:<CF 8@CCäE# d\[`Xek\ ki\j glYc`ZXZ`fe\j hl\ j\ _Xi}e \e ]\Z_Xj [`jk`ekXj# \e lef [\ cfj [`Xi`fj [\ dXpfi Z`iZlcXZ`Â?e [\ cX Gifm`eZ`X%$ J` ZfekX[fj m\`ek\ [ˆXj X gXik`i [\ cX Â’ck`dX glYc`ZXZ`Â?e# ef ZfdgXi\Z`\i\# j\ j\^l`i} Zfe cX ZXljX \e jl i\Y\c[ˆX%$ J\ [`jgfe\ hl\ cX XZkfiX Zfe]fid\ cf Zfek\$ e`[f \e \c c`k\iXc \ [\c 8Zl\i[f EXZ`feXc [\ 9l\eXj Gi}Zk`ZXj gXiX cX 8gc`ZXZ`Â?e [\ cX C\p I\]fidXkfi`X Xc Kˆklcf M# C`Yif J\^le[f# Ăˆ;\c ;\i\Z_f X 8c`d\ekfjÉ# [\c :Â?[`^f Fi^}e`Zf [\ cX E`ÂŒ\q p 8[fc\jZ\eZ`X# glYc`ZX[X \e \c I\^`jkif F]`Z`Xc Ef% -+* [\ alc`f )/ [\c )''0# gi\jk\ cXj ]XZ`c`[X[\j e\Z\jXi`Xj p ZfcXYfiX$ Z`Â?e gXiX hl\ j\ ZldgcX \e ]fidX \]\Zk`mX cX gi}Zk`ZX [\ cX Z`kXZ`Â?e \e \c d\efi k`\dgf gfj`Yc\%$ 8 g\k`Z`Â?e [\ gXik\ j\ [\Zi\kX \e ZfekiX [\c [\dXe[X[f cX gif_`Y`$ Z`Â?e [\ m\e[\i# \eXa\eXi f kiXjgXjXi Y`\e\j `edl\Yc\j [\c [\dXe[X[f j\ÂŒfi Cl`j DXiZ\cf 8`ccÂ?e gfikX$ [fi [\ cX Z„[lcX [\ Z`l[X[XeˆX Ef% '-')(,(*+$) gXiX cf ZlXc f]ˆ$ Z`\j\ Xc I\^`jkif [\ cX Gifg`\[X[ [\c ZXekÂ?e Hl`kf%$ Gifm\p\e[f cX XeleZ`XZ`Â?e [\ gil\YXj [\ cX gXik\ XZkfiX j\ [`jgfe\1 (%$ <e cX [`c`^\e$
REPUBLICA DEL ECUADOR SUPERINTENDENCIA DE COMPAĂ‘IAS
EXTRACTO DE LA ESCRITURA PĂšBLICA DE CAMBIO DE DOMICILIO DEL DISTRITO METROPOLITANO DE QUITO A LA CIUDAD DE ESMERALDAS Y REFORMA DE ESTATUTOS DE PRODUCCIĂ“N AGRĂ?COLA AGROMAGIC CIA. LTDA. 1. ANTECEDENTES.- PRODUCCIĂ“N AGRĂ?COLA AGROMAGIC CIA. LTDA., se constituyĂł mediante escritura pĂşblica otorgada ante el Notario VigĂŠsimo Cuarto del Distrito Metropolitano de Quito, el 14/7/2009, aprobada mediante ResoluciĂłn No. 3163 de 3/8/2009, e inscrita en el Registro Mercantil del Distrito Metropolitano de Quito el 13/8/2009. 2. CELEBRACIĂ“N Y APROBACIĂ“N.- La escritura pĂşblica de cambio de domicilio del Distrito Metropolitano de Quito a la ciudad de Esmeraldas y reforma de estatutos de PRODUCCIĂ“N AGRĂ?COLA AGROMAGIC CIA. LTDA. otorgada el 24 de septiembre de 2010 ante el Notario VigĂŠsimo Cuarto del Distrito Metropolitano de Quito, actos societarios aprobadoss por la Superintendencia de CompaĂąĂas, mediante ResoluciĂłn No. SC.IJ.DJC.Q.11.000290 de 24 de enero de 2011. 3.- OTORGANTE.- Comparece al otorgamiento de la escritura pĂşblica antes mencionada, el seĂąor VELA KARPOV MARCO GONZALO, en su calidad de Gerente General de la CompaĂąĂa, de estado civil divorciado, de nacionalidad ecuatoriana, domiciliado en el Distrito Metropolitano de Quito. 4. CAMBIO DE DOMICILIO, REFORMA DE ESTATUTOS Y PUBLICACIĂ“N.- La Superintendencia de SC.IJ.DJC.Q.11.000290 de 24 de enero de 2011 aprobĂł el cambio de domicilio del Distrito Metropolitano de Quito a la ciudad de Esmeraldas, reformĂł los estatutos, de PRODUCCIĂ“N AGRĂ?COLA AGROMAGIC CIA. LTDA. y ordenĂł la publicaciĂłn del extracto de la referida escritura pĂşblica, por tres dĂas consecutivos, para efectos de oposiciĂłn de terceros respecto al cambio de domicilio referido, seĂąalado en el Art. 33 de la Ley de CompaĂąĂas y Reglamento de OposiciĂłn, como acto previo a su inscripciĂłn.
“ARTICULO CUARTO: CAPITAL.- El capital social de la compaĂąĂa es de ciento veinte y ocho mil cuatrocientos dĂłlares estadounidenses. Se dividen en ciento veinte y ocho mil cuatrocientas participaciones de un dĂłlar estadounidense cada una.â€?
5. AVISO PARA OPOSICIĂ“N.- Se pone en conocimiento del pĂşblico el cambio de domicilio de PRODUCCIĂ“N AGRĂ?COLA AGROMAGIC CIA. LTDA. del Distrito Metropolitano de Quito a la ciudad de Esmeraldas 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.
Quito, 17 de Febrero de 2011
En virtud de la presente escritura la compaĂąĂa reforma el artĂculo cuarto del estatuto social el mismo que dirĂĄ:
Dr. FabiĂĄn Flores Paredes INTENDENTE JURĂ?DICO SUBROGANTE
“ARTĂ?CULO CUARTO.- DOMICILIO: El domicilio principal de la compaĂąĂa serĂĄ la ciudad de Esmeraldas, Provincia de Esmeraldas...â€? Quito, 24 de enero de 2011 Dr. Oswaldo Noboa LeĂłn DIRECTOR JURĂ?DICO DE COMPAĂ‘Ă?AS
A.A./26460
AC/77956/cc
Z`X [\ 8l[`\eZ`X èe`ZX# i\Z„gk\j\ cXj [\ZcXiXZ`fe\j k\jk`dfe`Xc\j [\ D8IĂ 8 M@:<EK@E8 @z@>L<Q 8CM8I8;F# gfikX[fiX [\ cX Z„[l$ cX [\ Z`l[X[XeˆX Ef% (.((,.--*$ , p E@<M<J 8DyI@:8 AĂ?:FD< JFI@8 gfikX[fiX [\ cX Z„[lcX [\ Z`l[X[XeˆX Ef% ','(+,/0.$' hl`\$ e\j [\Y\i}e ZfdgXi\Z\i \e ]fidX g\ijfeXc# Zfe jl i\jg\Zk`mX Z„[lcX [\ Z`l[X[XeˆX p gXg\c\kX [\ mfkX$ Z`Â?e [\c Â’ck`df \m\ekf \c\ZkfiXc%$ )%$ F]ˆZ`\j\ X cX Jlg\i`ek\e[\eZ`X [\ YXeZfj p J\^lifj X ]`e [\ hl\ \d`kX Z\ik`]`ZX[f [\ Zl\ekXj YXeZXi`Xj p&f `em\ij`fe\j i\Xc`qX[Xj gfi \c [\dXe[X[f [liXek\ \c Â’ck`df XÂŒf \e cfj YXeZfj p Zffg\iXk`mXj [\ X_fiif [\c j`jk\dX ]`eXeZ`\if%$ *%$ F]ˆZ`\j\ X cX ;`i\ZZ`Â?e EXZ`feXc [\ D`^iXZ`Â?e X ]`e [\ hl\ \d`kX Z\ik`$ ]`ZX[f [\c dfm`d`\ekf d`^iXkfi`f [\c [\dXe[X[f j\ÂŒfi Cl`j DXiZ\cf 8`ccÂ?e gfikX[fi [\ cX Z„[lcX [\ Z`l$ [X[XeˆX Ef% '-')(,(*+$) [liXek\ cfj Â’ck`dfj (- XÂŒfj%$ +%$ F]ˆZ`\j\ Xc JI@ X ]`e [\ hl\ \d`kX Z\ik`]`ZX[f i\jg\Zkf [\c gX^f [\c `dgl\jkf X cX i\ekX [\c [\dXe[X[f j\ÂŒfi Cl`j DXiZ\cf 8`ccÂ?e gfikX[fi [\ cX Z„[l$ cX [\ Z`l[X[XeˆX Ef% '-')(,(*+$) [liXek\ cfj Â’ck`dfj [fj XÂŒfj%$ CX g\k`Z`Â?e [\ cX XZkfiX d\[`Xek\ \jZi`kf [\ ]\Z_X (+ [\ XYi`c [\c )'(' X cXj '0_*-# [\ [\Zi\kXi \e ZfekiX [\ cX j\ÂŒfiX DXiˆX 8`ccÂ?e JXÂŒXp cX gif_`Y`Z`Â?e [\ \eXa\eXi Y`\e\j `edl\Yc\j# e`„^Xj\ gfi `dgifZ\[\ek\ gfi ZlXekf cX j\ÂŒf$ iX DXiˆX 8`ccÂ?e JXÂŒXp ef \j gXik\ gifZ\jXc [\ekif [\ cX gi\j\ek\ ZXljX%$ 8ZkÂ’\ \c ;i% DXi`f P}e\q LiYXef J\Zi\kXi`f \eZXi^X[f [\ „jkX Al[`ZXkliX d\[`Xek\ XZZ`Â?e [\ g\ijfeXc Ef% )-*/ ;G$;GG [\ '0 [\ [`Z`\dYi\ [\c )''0%$ Efk`]ˆhl\j\%$ 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`Â?e hl\ k`\e\ [\ j\ÂŒXcXi [fd`Z`c`f f ZXj`ccX al[`Z`Xc gXiX jlj gfjk\i`fi\j efk`$ ]`ZXZ`fe\j [\ekif [\c g\iˆd\kif [\ c\p% ;I% N8J?@E>KFE KFII<J JL8I<Q J<:I<K8I@F < ?Xp le j\ccf 8:&./'*+&ZZ 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 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\ŒfiX ;iX% D8I@<C8 C8I8 ;<C GFQF# gifZliX[fiX al[`Z`Xc [\c [\dXe[X[f 8L>LJKF IFC8E;F 8I@8J IFE# _X [\ZcX$ iX[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` Zfe$ kX[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>
<A<:LK@MFJ I [\c <% <OKI8:KF ALQ>8;F F:K8MF ;< CF :@M@C
;< G@:?@E:?8 :@K8:@äE 8 C<E@E G8KI@:@F ;@8Q <I8QF 8:KFI1 ;i% :cXl[`f =\ieXe[f JXc^X[f I`mXj% ;<D8E;8;F1 C\e`e GXki`Z`f ;ˆXq <iXqf AL@:@F1 <a\Zlk`mf Eif% ('/+$)'('$ n%q% AL<Q1 ;i% 8idXe[f 8Z\c[f >lXcc` Jlgc\ek\ J<:I<K8I@F1 ;i% =iXeZ`jZf Aljk`Z`X JXc^X[f :L8EKĂ 81 LJ; )%,''#ff 8LKF1 ALQ>8;F F:K8MF ;< CF :@M@C ;< G@:?@E:?8%$ Hl`kf# cle\j ), [\ fZklYi\ [\c )'('# cXj (,_)/%$ M`jkfj1 Gfi ZlXekf j\ _X [X[f Zldgc`d`\ekf X cf fi[\eX[f \e gifm`[\eZ`X Xek\i`fi# j\ ZXc`]`ZX cX [\dXe[X Zfdf ZcXiX# gi\Z`jX p hl\ i\Â’e\ cfj i\hl`j`kfj [\ c\p2 \e Zfej\Zl\eZ`X kiXdˆk\j\ cX d`jdX \e cX mˆX \a\Zlk`mX%$ <c [\dXe[X[f C\e`e GXki`Z`f ;ˆXq <iXqf# ZldgcX Zfe cX fYc`^XZ`Â?e f gifgfe^X \oZ\g$ Z`fe\j \e \c k„id`ef [\ ki\j [ˆXj [\ Z`kX[f%$ :ˆk\j\ X C\e`e GXki`Z`f ;ˆXq <iXqf# gfi d\[`f [\ cX gi\e$ jX# \e lef [\ cfj [`Xi`fj [\ dXpfi Z`iZlcXZ`Â?e hl\ j\ \[`kXe \e \jkX Z`l[X[ [\ Hl`kf# gfi ZlXekf YXaf aliXd\ekf j\ dXe`]`\jkX `dgfj`Yc\ [\k\id`eXi jl `e[`m`[lXc`[X[ f i\j`[\eZ`X%$ 8^i„^l\j\ Xc gifZ\jf cX [fZld\ekXZ`Â?e hl\ j\ XZfdgX$ ÂŒX%$ ;\a}e[fj\ Zfg`X Z\ik`]`ZX[X \e Xlkfj# [\j^cÂ?j\j\ \c [fZld\ekf hl\ j\ jfc`Z`kX%$ K„e^Xj\ \e Zl\ekX \c ZXj`cc\if al[`Z`Xc j\ÂŒXcX[f gfi \c XZkfi p cX ]XZlckX[ ZfeZ\[`[X Xc XYf^X[f [\]\ejfi%$ Efk`]ˆhl\j\% ] % ;i% 8idXe[f 8Z\c[f >lXcc`% Al\q Jlgc\ek\% Cf hl\ Zfdle`Zf X L[%# gXiX cfj ]`e\j [\ c\p# gi\m`e`„e[fc\ [\ cX fYc`^XZ`Â?e hl\ k`\e\ [\ j\ÂŒXcXi ZXj`cc\if al[`Z`Xc gXiX gfjk\i`fi\j efk`]`ZXZ`fe\j% ;i% =iXeZ`jZf Aljk`Z`X JXc^X[f J<:I<K8I@F ?Xp le j\ccf 8I&/(-,*&ZZ I<Gè9C@:8 ;<C <:L8;FI ALQ>8;F M@>yJ@DF HL@EKF ;< CF :@M@C ;< G@:?@E:?8 :@K8:@äE AL;@:@8C G8I8 CFJ ;<D8E;8;FJ J<zFI<J =89@Ă?E >89I@<C G8CD8 M8I>8J# IFJ8 :8ID<E Q8D9I8EF 98I9<IĂ?E# FJN8C;F @>E8:@F I@J:F CL:8J P 8;I@8E8 JFC<;8; ;< C8 :L<M8 :FEJK8EK< 8:KFI1 ;F:KFI :8ICFJ =I8E:@J:F :8z8J :8II8J:F# <E JL :8C@;8; ;< GIF:LI8;FI AL;@:@8C ;< 98E:F GIF:I<;@K
REPUBLICA DEL ECUADOR SUPERINTENDENCIA DE COMPAĂ‘Ă?AS
JeZe be gk[ i[ f[h\[YY_edW feh fhe]h[ie f[h[Y[ jWcX_ƒd feh fhe]h[ie$ F7I97B
J%8% ;<D8E;8;FJ1 =89@Ă?E >89I@<C G8CD8 M8I>8J# IFJ8 :8ID<E Q8D9I8EF 9 8 I 9 < I Ă? E # FJN8C;F @>E8:@F I@J:F CL:8J P 8;I@8E8 JFC<;8; ;< C8 :L<M8 :FEJK8EK<% AL@:@F <A<:LK@MF Ef% +*,$)''/$ MJ :L8EKĂ 81 ()%.''%'' ALQ>8;F M@>yJ@DF HL@EKF ;< CF :@M@C ;< G@:?@E:?8% HL@KF# *' [\ 8Yi`c [\c )''/# cXj (._(.%$ M@JKFJ1 <e m`ikl[ [\c jfik\f i\Xc`qX[f p \e d` ZXc`[X[ [\ Al\q k`klcXi [\ \jkX al[`ZXkliX XmfZf ZfefZ`d`\ekf [\ cX gi\j\ek\ ZXljX%$ CX [\dXe[X hl\ Xek\Z\[\ \j ZcXiX p i\Â’e\ cfj i\hl`j`kfj [\ c\p# \e Zfej\Zl\eZ`X j\ cX XZ\gkX Xc ki}d`k\ <a\Zlk`mf%$ Cfj [\dXe$ [X[fj j\ÂŒfi\j1 =89@8E >89I@<C G8CD8 M8I>8J P IFJ8 :8ID<E Q8D9I8EF 98I9<I8E# \e jlj ZXc`[X[\j [\ [\l[fi\j gi`eZ`gX$ c\j p FJN8C;F @>E8:@F I@J:F CL:8J P 8;I@8E8 JFC<;8; ;< C8 :L<M8 :FEJK8EK<# \e jlj ZXc`[X[\j [\ ^XiXek\j jfc`[Xi`fj# \e \c k„id`ef c\^Xc [\ ki\j [ˆXj ZldgcXe Zfe cX fYc`^XZ`Â?e \o`^`[X f gifgfe^Xe cXj \oZ\gZ`fe\j hl\ j\ Zi\Xe Xj`jk`[fj%$ :ˆk\j\ X cfj gi\efdYiX[fj [\dXe[X[fj \e cfj cl^Xi\j hl\ j\ `e[`ZXe# gXiX cf ZlXc j\ \em`Xi} cXj Yfc\kXj Zfii\jgfe$ [`\ek\j X cX f]`Z`eX [\ Z`kXZ`fe\j%$ K„e^Xj\ \e Zl\ekX cX ZXc`[X[ Zfe cX hl\ ZfdgXi\Z\ \c XZZ`feXek\# Xjˆ Zfdf \c [fd`Z`c`f al[`Z`Xc j\ÂŒXcX[f gXiX i\Z`Y`i ]lkliXj efk`]`ZXZ`fe\j p [\]\ejfi [\j`^eX[f%$ EFK@=@HL<J< P :Ă K<J<%$ ALQ>8;F M@>yJ@DF HL@EKF ;< CF :@M@C ;< G@:?@E:?8% Hl`kf# m`\ie\j )/ [\ \e\if [\c )'((# cXj '0_'(% 8k\ekf Xc aliXd\ekf i\e[`[f gfi \c XZkfi [fZkfi :Xicfj =iXeZ`jZf :XÂŒXj :XiiXjZf# \e jl ZXc`[X[ [\ GifZliX[fi Al[`Z`Xc [\ 9XeZf GIF:I<;@K J%82 p# [\ Zfe]fid`$ [X[ Zfe cf hl\ [`jgfe\ \c 8ik% /) [\c :Â?[`^f [\ GifZ\[`d`\ekf :`m`c# Zˆk\j\ X cfj [\dXe[X[fj cfj j\ÂŒf$ i\j =XY`}e >XYi`\c GXcdX MXi^Xj#
IfjX :Xid\e QXdYiXef 9XiY\i}e# FjnXc[f @^eXZ`f I`jZf ClZXj p 8[i`XeX Jfc\[X[ [\ cX :l\mX :fejkXek\# X kiXm„j [\ lef [\ cfj [`Xi`fj [\ dXpfi Z`iZlcXZ`�e hl\ j\ \[`kXe \e „jkX Z`l[X[ [\ Hl`kf# X ]`e [\ hl\ [\ekif [\c k„id`ef [\ c\p ZldgcXe Zfe cf fi[\eX[f \e 8lkf `e`Z`Xc%$ :à K<J< P EFK@=@HL<J<% = %$ ;I% @M8E :<M8CCFJ Q8D9I8EF# AL<Q M@>yJ@DF HL@EKF ;< CF :@M@C ;< G@:?@E:?8% CF HL< :FDLE@:F 8 LJK<; G8I8 CFJ =@E<J ;< C<P# I<:FI;�E;FC< C8 F9C@>8:@äE HL< K@<E< ;< J<z8C8I :8J@CC<IF AL;@:@8C <E <C CL>8I ;<C AL@:@F G8I8 I<:@9@I JLJ EFK@=@:8:@FE<J%$ HL@KF '0 ;< =<9I<IF ;<C )'((%$ :<IK@=@:F% ;i% Cl`j =\ieXe[f J\iiXef D\e\j\j J<:I<K8I@F ?Xp le j\ccf 8I&/(-+'&ZZ 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% ,,-$)'(' KI8D@K<1 <a\Zlk`mf 8:KFI1 D8IK?8 >I8:@<C8 :8;<E8 J8E:?<Q ;<D8E;8;8F1 8 E > < C D8I@8 J8EKFJ :?@:8@Q8# D8I@8 =I8E:@J:8 KF8QF J8DL<Q8# CL@J <EI@HL< J8J@> HL@J?LG8E>L@ p D8I@8 KI8EJ@KF K8:F J8E>L:?F KI8D@K81 ;iX% DXi`X <c\eX >l\ii\if GIFM@;<E:@81 ALQ>8;F K<I:<IF ;< CF :@M@C ;< G@:?@E:?8%$ 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`i$ kl[ [\c jfik\f i\Xc`qX[f% <e cf gi`e$ Z`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`gX$ c\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\Z$ k`mXj%$ <e d„i`kf Xc :\ik`]`ZX[f [\c I\^`jkif [\ cX Gifg`\[X[ hl\ XZfd$ gXÂŒX p [\ Zfe]fid`[X[ Zfe cf [`j$ gl\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 [\ \eX$ a\eXi [\c `edl\Yc\ [\ gifg`\[X[ [\ cfj [\dXe[X[fj Ă?e^\c DXi`X JXekfj :_`ZX`qX p DXi`X =iXeZ`jZX KfXqf JXdl\qX# ZlpXj ZXiXZk\$ iˆjk`ZXj ZfejkXe \e \c Z\ik`]`ZX[f d\eZ`feX[f# gXiX Zlpf \]\Zkf# efk`]ˆhl\j\ Xc j\ÂŒfi I\^`jkiX[fi [\ cX Gifg`\[X[ [\ Hl`kf# d\[`Xe$ k\ 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
CONVOCATORIA
EXTRACTO
DE LA ESCRITURA PĂšBLICA DE FUSIĂ“N POR ABSORCIĂ“N DE NOVOVASOS S.A. (ABSORBENTE) CON ECUAVASOS CIA. LTDA. (ABSORBIDA); AUMENTO DE CAPITAL Y REFORMA DE ESTATUTOS DE LA COMPAĂ‘Ă?A ABSORBENTE
Se comunica al pĂşblico que NOVOVASOS S.A., se fusionĂł con ECUAVASOS CIA. LTDA.; aumentĂł su capital en USD $ 300.400,00; y reformĂł sus estatutos, por escritura pĂşblica otorgada ante el Notario TrigĂŠsimo del Distrito Metropolitano de Quito el 1 de septiembre del 2010, fue aprobada por la Superintendencia de CompaĂąĂas, mediante ResoluciĂłn No. SC.IJ.DJCPTE. Q.11.000759 de 17 de febrero de 2011. DATOS DE LA COMPAĂ‘Ă?A ABSORBENTE: NOVOVASOS S.A. 1.- LUGAR Y FECHA DE LA ESCRITURA DE CONSTITUCIĂ“N: QUITO 24 de noviembre del 2009. FECHA DE SU INSCRIPCION EN EL REG. MERCANTIL: 7 de diciembre del 2009 2.- DOMICILIO PRINCIPAL: QUITO, PICHINCHA. 3.- DURACIĂ“N: Hasta el 7 de diciembre de 2059 4. CAPITAL: Suscrito USD $ 301.400,00 dividido en 301.400 acciones de USD $ 1,00 cada una. 5.- OBJETO: Su actividad predominante es: ProducciĂłn y elaboraciĂłn de plĂĄsticos y de sus derivados, polietileno, polipropileno, elaboraciĂłn de fundas....
A LA JUNTA GENERAL ORDINARIA DE ACCIONISTAS DE CALDERAS Y SERVICIOS DEL ECUADOR CALSER S.A. Convocase a los seĂąores accionistas de la CompaĂąĂa CALDERAS Y SERVICIOS DEL ECUADOR CALSER S.A., a la Junta General Ordinaria que tendrĂĄ lugar en las oficinas de la CompaĂąĂa ubicadas en la Avenida de la Prensa N58-111 y Vaca de Castro de esta ciudad de Quito, domicilio principal de la CompaĂąĂa, el dĂa 21 de marzo del 2011 a las 17H00. La Junta se reunirĂĄ para conocer, tratar y dictar las resoluciones correspondientes sobre los siguientes asuntos: 1. Conocimiento y aprobaciĂłn del balance general y el estado de pĂŠrdidas y ganancias cortados al 31 de diciembre del 2010, informe de Gerente General y destino de los resultados del ejercicio 2. Informe de Comisario por el ejercicio econĂłmico 2010; 3. ElecciĂłn de Directores principales y suplentes. Nombramiento del Presidente del Directorio 4. DesignaciĂłn de Comisarios y fijar sus retribuciones Convocase de manera especial a la Ing. Consuelo Vinueza de Trejo, Comisario de la CompaĂąĂa.
6.- ADMINISTRACIĂ“N Y REPRESENTACIĂ“N LEGAL: La CompaĂąĂa estĂĄ administrada por el Presidente y Gerente General. El representante legal es el Gerente General.
Los balances, cuentas y demĂĄs documentos que serĂĄn conocidos por los seĂąores accionistas en el transcurso de la Junta, se hallarĂĄn a su disposiciĂłn en las oficinas donde se realiza la Junta General.
Distrito Metropolitano de Quito, 17 de febrero de 2011.
Quito, febrero 22 del 2011
Dr. Marcelo Icaza Ponce INTENDENTE DE COMPAĂ‘Ă?A DE QUITO
ARUNAS GRIGALIUNAS S. GERENTE GENERAL A.P./48136/k.m.
A.P./48138/k.m.
g Ĺ? ĂăĹ? Ĺ? Ĺ? Ĺ?Ä‚Ä€Ä Ä
Ĺ? +. Ĺ? ÄŒĹ? Cf hl\ Zfdle`Zf X ljk\[ gXiX cfj ]`e\j c\^Xc\j g\ik`e\ek\j p j\ c\ 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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l`kf# d`„iZfc\j ), [\ X^fjkf [\c )'('# cXj (+_).% 8mfZf ZfefZ`d`\ekf [\ cX gi\$ j\ek\ ZXljX \e ZXc`[X[ [\ Al\q <eZXi^X[f# d\[`Xek\ f]`Z`f Ef% (*'/$;G$;GG [\ ]\Z_X . [\ Alc`f [\c )'('%$ M@JKFJ1 <e cf gi`eZ`gXc cX [\dXe[X hl\ Xek\Z\[\ \j ZcXiX# gi\Z`jX# Zfdgc\kX p i\Â’e\ cfj [\d}j i\hl`j`kfj [\ c\p# gfi cf hl\ j\ cX XZ\gkX Xc kiXd`k\ i\jg\Zk`mf# \e al`Z`f <a\Zlk`mf# \e Zfej\Zl\eZ`X j\ [`jgfe\ hl\ \c [\dXe[X[f AFI>< <;L8I;F J8E:?<Q G8MFE# \e \c k„id`ef [\ ki\j [ˆXj ZldgcX Zfe cX fYc`^XZ`Â?e [\dXe[X[X gX^Xe[f cX ZXek`[X[ ZfejkXek\ [\ cXj XcˆZlfkXj hl\ j\ XZfdgXÂŒX d}j cfj `ek\i\$ j\j i\jg\Zk`mfj f [\ekif [\c d`jdf k\id`ef gifgfe^X \oZ\gZ`fe\j YXaf gi\m\eZ`fe\j [\ C\p%$ :ˆk\j\ Xc [\dXe[X[f# \e c\^Xc p [\Y`[X ]fidX \e \c [fd`Z`c`f j\ÂŒXcX[f \e cX gi\j\ek\ XZZ`Â?e%$ 8^i„^l\j\ cfj [fZld\ekfj hl\ j\ XZfdgXÂŒXe%$ K„e^Xj\ \e Zl\ekX \c ZXj`cc\if al[`Z`Xc j\ÂŒXcX[f%$ EFK@=@HL<J<%$ ;I8% =89I@:@F J<>FM@8 9<K8E:FLIK AL<Q <E:8I>8;F ALQ>8;F J<>LE;F ;< CF :@M@C ;< G@:?@E:?8%$ Hl`kf# d`„iZfc\j ) [\ ]\Yi\if [\c )'((# cXj '0_*)% M`jkfj1 :fej`[\i}e[fj\ \c g\[`[f \]\ZklX[f gfi cX gXik\ XZkfiX# p gfi X]`idXij\ [\jZfefZ\i cX i\j`[\eZ`X f [fd`Z`c`f [\c [\dXe[X[f p Xk\ekf Xc aliXd\ekf i\e[`[f p [\ Zfe]fid`$ [X[ Zfe cf hl\ [`jgfe\ \c 8ik% /) [\c ZÂ?[`^f [\ gifZ\[`d`\ekf Z`m`c# Zˆk\j\ Xc [\dXe[X[f \e lef [\ cfj [`Xi`fj [\ dXpfi Z`iZlcXZ`Â?e [\ cX Z`l[X[ [\ Hl`kf%$ Efk`]ˆhl\j\% ;I% =89I@:@F J<>FM@8 9<K8E:FLIK AL<Q <E:8I>8;F Cf hl\ c\ Zfdle`Zf X ljk\[ gXiX cfj ]`e\j [\ c\p# gi\m`e`„e[fc\ [\ cX fYc`^XZ`Â?e [\ j\ÂŒXcXi ZXj`cc\if al[`$ Z`Xc \e lef [\ cfj [\ \jkX Z`l[X[% AlXe >XccXi[f J<:I<K8I@F 8:&./'*)&D> I% ;<C < ALQ>8;F M@><J@DF GI@D<IF ;< CF :@M@C ;< G@:?@E:?8 :@K8:@FE AL;@:@8C 8 <;L8I;F N8J?@E>KFE 8E;8 8M<CC8E AL@:@F <A<:LK@MF1 EF% ((('$ )'('$:%>% 8:KFI1 =\ieXe[f GXiXdf If[i`^l\q ;<D8E;8;F1 < [ l X i [ f NXj_`e^kfe^ 8e[X 8m\ccXe F9A<KF1 GX^f [\ ZXg`kXc# `ek\i„j p ZfjkXj al[`Z`Xc\j =LE;8D<EKF C<>8C%$ 8ik% +(*$ +(, [\c :f[`^f [\ GifZ\[`d`\ekf :`m`c p 8ik% +(' p j`^l`\ek\j [\c :f[`^f [\ :fd\iZ`f :L8EK@81 )'%''' [fcXi\j ;FD@:@C@F C<>8C1 *(- ;i% 8iklif <jZfYXi
Ć
GIFM@;<E:@81 ALQ>8;F M@><J@DF GI@D<IF ;< CF :@M@C ;< G@:?@E:?8% Hl`kf# cle\j *' [\ X^fjkf [\c )'('# cXj ((_'0% M@JKFJ%$ 8mfZf ZfefZ`d`\ekf [\ cX gi\j\ek\ ZXljX \e m`ikl[ [\c jfik\f i\Xc`qX[f p \e d` ZXc`[X[ [\ Al\q K`klcXi [\ \jkX Al[`ZXkliX% <e cf gi`eZ`gXc# cX [\dXe[X hl\ Xek\Z\[\ \j ZcXiX# gi\Z`jX p i\Â’e\ cfj [\d}j i\hl`j`$ kfj [\ c\p# gfi cf hl\ j\ cX XZ\gkX X kiXd`k\ <a\Zlk`mf% <e Zfej\$ Zl\eZ`X \c [\dXe[X[f1 <[lXi[f NXj_`e^kfe 8e[X 8m\ccXe# \e \c k\id`ef [\ ki\j [ˆXj# [\j[\ cX lck`dX Z`kXZ`Â?e# ZldgcX Zfe cX fYc`^XZ`Â?e i\hl\i`[X fgifgfe^X kf[Xj p ZX[X leX [\ cXj \ogZ\gZ`fe\j hl\ j\ Zi\$ p\iX Xj`jk`[f%$ :`k\j\ Xc XZZ`feX[f \e \c cl^Xi [\j`^eX[f gXiX \c \]\Z$ kf%$ K\e^Xj\ \e Zl\ekX cX ZlXek`X# \c ZXj`c\if al[`Z`Xc j\ÂŒXcX[f gfi \c XZkfi# cX ZXc`[X[ \e cX hl\ \jk\ Zfd$ gXi\Z\# cX [\j`^eXZ`Â?e [\ jl [\]\e$ jfi p cX ]XZlckX[ hl\ c\ Zfe[Z\[\# gXiX hl\ jljZi`YX ZlXekf \jZi`kf j\X e\Z\jXi`f# [\ekif [\ cX gi\j\ek\ ZXljX \e [\]\ejX [\ cfj `ek\i\j\j [\ jl i\gi\j\ekX[X%$ 8^i\^l\j\ cX [fZld\ekXZ`Â?e X[alekX%$ 8Zkl\ \c C`Z% ?\Zkfi <jki\ccX \e ZXc`[X[ [\ J\Zi\kXi`f \eZXi^X[f [\ \jkX Al[`ZXkliX# \e m`ikl[ [\ cX 8ZZ`fe [\ G\ijfeXc Ef% )+,0$;G$;;GG [\ ). [\ FZklYi\ [\c [fj d`c el\m\% :`k\j\ p Efk`]`hl\j\%$ ;I% IL9<E >@C<I :<;<zF% AL<Q ALQ>8;F M@><J@DF GI@D<IF ;< CF :@M@C ;< G@:?@E:?8%$ Hl`kf# cle\j *( [\ \e\if [\c )'((# cXj ()_,-% Gfi ZlXekf j\ _X [X[f Zldgc`d`\ekf X cf [`jgl\jkf \e gif$ m`[\eZ`X `ed\[`XkX Xek\i`fi p \e m`ikl[ [\c aliXd\ekfi\e[`[f gfi \c XZkfi [\ hl\ c\ \j `dgfj`Yc\ [\k\i$ d`eXi f `e[`m`[lXc`qXi \c [fd`Z`c`f p&f cl^Xi [\ i\j`[\eZ`X [\c [\dXe$ [X[f# j\ [`jgfe\ hl\ Xc XZZ`feX[f% =<IE8E;F N8J?@EKFE> 8E;8 8M<CC8E# j\ cf Z`k\ X kiXm„j [\ cX gi\ejX# gfi lef [\ cfj g\i`Â?[`Zfj [\ dXpfi Z`iZlcXZ`Â?e eXZ`feXc [\ cfj hl\ j\ \[`kXe \e \jk\ ;`jki`kf D\kifgfc`kXef [\ Hl`kf# Zfe]fid\ X cf gi\jZi`kf \e \c 8ik% /) [\c :Â?[`^f [\ GifZ\[`d`\ekf :`m`c# Efk`]ˆhl\j\% ;I IL9<E >@C<I :<;<zF% AL<Q Cf hl\ Zfdle`Zf X Ljk\[ p C< :@KF gi\m`e`„e[fc\ [\ cX fYc`^XZ`Â?e hl\ k`\e\ \c [\dXe[X[f [\ j\ÂŒXcXi ZXj`$ cc\if al[`Z`Xc# gXiX jlj gfjk\i`fi\j efk`]`ZXZ`fe\j% C@:% >L@;F <JG@EFQ8 >% J<:I<K8I@F ?Xp ]`idX p j\ccf 8:&./'*) ) D> <OKI8:KF AL;@:@8C ALQ>8;F JyGK@DF ;< CF :@M@C ;< G@:?@E:?8 :@K8:@äE AL;@:@8C 81 9I8E;F D8LI@:@F :8II@CCF 89<;I8>F 8:KFI1 ;I% 8IE8C;F 9<EA8DĂ E =@8CCFJ A<I<Q ;<D8E;8;F1 9I8E;F D8LI@:@F :8II@CCF 89<;I8>F AL@:@F1 <A<:LK@MF Ef (+-.$ )'('$:D KI8D@K<1 <A<:LK@MF :L8EK@81 ('%,''#ff LJ; ;@<Q D@C HL@E@<EKFJ ;FC8I<J ;< CFJ <JK8;FJ LE@;FJ ;< EFIK<8DyI@:8 GIFM@;<E:@81 ALQ>8;F JyGK@DF ;< CF :@M@C ;< G@:?@E:?8% Hl`kf# dXik\j )* [\ efm`\dYi\ [\c )'('# cXj ('_+0%$ M@JKFJ% 8mfZf ZfefZ`d`\ekf [\ cX gi\j\ek\ ZXljX# \e d` ZXc`[X[ [\ Al\q k`klcXi [\ \jkX Al[`ZXkliX% CX [\dXe[X hl\ Xek\Z\[\ \j ZcXiX# Zfdgc\kX p i\Â’e\ cfj [\d}j i\hl`$ j`kfj [\ c\p% <c kˆklcf XZfdgXÂŒX[f X cX [\dXe[X gi\jkX d„i`kf \a\Zl$ k`mf# \e Zfej\Zl\eZ`X# \c [\dXe$ [X[f j\ÂŒfi 9I8E;F D8LI@:@F :8II@CCF 89<;I8>F# \e \c k„i$ d`ef [\ ki\j [ˆXj [\ j\i c\^Xcd\ek\ Z`kX[f gX^l\ cX fYc`^XZ`Â?e i\hl\i`$ [X f gifgfe^X \oZ\gZ`fe\j% ;\ Zfe$ ]fid`[X[ Zfe cf hl\ [`jgfe\ \c 8ik% /) [\c :Â?[`^f [\ GifZ\[`d`\ekf :`m`c# :f[`]`ZX[f# p \e d„i`kf Xc aliXd\ekf i\e[`[f gfi \c XZkfi [\ cX `dgfj`Y`c`[X[ [\ [\k\id`eXi cX i\j`[\eZ`X# j\ [`jgfe\ Z`kXi Xc [\dXe[X[f j\ÂŒfi 9iXe[f DXli`Z`f :Xii`ccf 8Y\[iX^f# gfi cX gi\ejX \e lef [\ cfj [`Xi`fj [\ dXpfi Z`iZl$ cXZ`Â?e hl\ j\ \[`kX \e \jkX Z`l[X[ [\ Hl`kf% 8^i„^l\ej\ Xc gifZ\jf cfj [fZld\ekfj XZfdgXÂŒX[fj% K„e^Xj\ \e Zl\ekX \c ZXj`cc\if al[`Z`Xc j\ÂŒXcX[f gfi \c ZfdgXi\$ Z`\ek\% ;\a}e[fj\ ]fkfZfg`Xj Z\i$ k`]`ZX[Xj \e \c gifZ\jf# [\j^cÂ?j\j\ p \eki„^l\j\ \c [fZld\ekf hl\ j\ jfc`Z`kX%$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
Ĺ? Ĺ?
Ĺ?
Ĺ? Ĺ?
Ĺ?
ć
g Ĺ? ĂăĹ? Ĺ? Ĺ? Ĺ?Ä‚Ä€Ä Ä
Ĺ? +. Ĺ? ÄŒĹ?
]fidX \jkXYc\Z`[X gfi cX c\p% 8K<EK8D<EK< ;I8% N@CD8 I<:8C;< > L 8 I ; < I 8 J J<:I<K8I@8 < ?Xp ]`idX p j\ccf 8:&./'*'&XX ) I% ;<C %< ALQ>8;F M@><J@DF GI@D<IF ;< CF :@M@C ;< G@:?@E:?8 :@K8:@FE AL;@:@8C 8 C8 :FDG8zĂ 8 KI8EJG<EK8 J%8% I<GI<J<EK8EK< C<>8C J<zFI =898I8 M<I8 AFJ<# ><I<EK< ><E<I8C% AL@:@F <A<:LK@MF EF% -.)$)''/ 8:KFI% Afj„ Cl`j :XY\qXj >l\iiX% GifZliX[fi >\e\iXc Al[`Z`Xc [\c 9XeZf >\e\iXc Ild`ÂŒX_l` J%8% ;<D8E;F1 :fdgXŒˆX KiXejg\ekX J%8%# I\gi\j\ekXek\ C\^Xc j\ÂŒfi =XYXiX M\iX Afj„# >\i\ek\ >\e\iXc% F9A<KF1 GX^f [\ ZXg`kXc# `ek\i\j\j p ZfjkXj al[`Z`Xc\j% =LE;8D<EKF C<>8C%$ 8ikj% +(0 p j`^l`\ek\j [\c :Â?[`^f [\ GifZ\[`d`\ekf :`m`c# 8ik% +(' p [\d}j g\ik`e\ek\j [\c :Â?[`^f [\ :fd\iZ`f :L8EK@81 .,/%''' ;Â?cXi\j ;FD@:@C@F C<>8C1 '(0 ;i% Afj„ Cl`j :XY\qXj 8LKF ;< :8C@=@:8:@äE%$ ALQ>8;F M@><J@DF GI@D<IF ;< CF :@M@C ;< G@:?@E:?8% Hl`kf# '. [\ Alc`f [\c )''/# cXj '0_(+%$ M@JKFJ%$ 8mfZf ZfefZ`d`\ekf [\ cX gi\j\ek\ ZXljX \e m`ikl[ [\c jfik\f i\Xc`qX[f p \e d` ZXc`[X[ [\ Al\q K`klcXi [\ \jkX Al[`ZXkliX%$ <e cf gi`eZ`gXc# cX [\dXe[X hl\ Xek\$ Z\[\ \j ZcXiX# gi\Z`jX p i\Â’e\ cfj [\d}j i\hl`j`kfj [\ c\p# gfi cf hl\ j\ cX XZ\gkX X ki}d`k\ <a\Zlk`mf% <e Zfej\Zl\eZ`X \c [\dXe[X[f1 :fdgXÂŒ`X KI8EJG<EK8 J%8% gfi `ek\id\[`f [\ jl i\gi\j\ekXek\ c\^Xc AFJ< <;L8I;F =898I8 M<I8 # \e \c k„id`ef [\ ki\j [ˆXj# cl\^f [\ cX Â’ck`dX Z`kXZ`Â?e# Zld$ gcX Zfe cX fYc`^XZ`Â?e i\hl\i`[X f gifgfe^X kf[Xj p ZX[X leX [\ cXj \oZ\gZ`fe\j hl\ j\ Zi\p\iX Xj`j$ k`[f%$ ;\ Zfe]fid`[X[ Zfe \c 8ik% +)* [\c :Â?[`^f [\ GifZ\[`d`\ekf :`m`c p \e d„i`kf Xc Z\ik`]`ZX[f [\c I\^`jkif [\ cX Gifg`\[X[ X[alekf# j\ [`jgfe\ <C <D98I>F [\c Y`\e `edl\Yc\ j`e^lcXi`qX[f \e [`Z_f Z\ik`]`ZX[f p hl\ \j [\ gifg`\$ [X[ [\ cX :fdgXŒˆX [\dXe[X[X %$ GXiX cX gi}Zk`ZX [\ \jkX [`c`^\e$ Z`X Zl„ek\j\ Zfe cfj i\jg\Zk`mfj =leZ`feXi`fj Al[`Z`Xc\j%$ 8Zfi[\ X cf gi\jZi`kf \e \c 8ik% +)( @Y`[\d# cX [\dXe[X p d\[`[X ZXlk\cXi [`j$ gl\jkX# `ejZiˆYXej\ \e \c I\^`jkif [\ cX Gifg`\[X[ [\c ZXekÂ?e# gXiX cf ZlXc j\ i\d`k`i} Xk\ekf f]`Z`f Xc j\ÂŒfi I\^`jkiX[fi [\ cX Gifg`\[X[%$ ?\Z_f hl\ j\X Zˆk\j\ X cfj \a\Zl$ kX[fj \e \c cl^Xi [\j`^eX[f gXiX \c \]\Zkf%$ K„e^Xj\ \e Zl\ekX cX ZlXekˆX# \c ZXj`cc\if al[`Z`Xc j\ÂŒX$ cX[f gfi cX XZkfiX# cX [\j`^eXZ`Â?e [\ jl [\]\ejfi p cX ]XZlckX[ hl\ c\ ZfeZ\[\# gXiX hl\ jljZi`YX ZlXe$ kf \jZi`kf j\X e\Z\jXi`f# [\ekif [\ cX gi\j\ek\ ZXljX# \e [\]\ejX [\ jlj `ek\i\j\j%$ 8^i„^l\j\ cX [fZld\ekXZ`Â?e X[alekX%$ :ˆk\j\ p Efk`]ˆhl\j\%$ ;I% IL9<E >@C<I :<;<zF% AL<Q ?Xp ]`idX p j\ccf 8:&../)-&XX ALQ>8;F M@><J@DF K<I:<IF ;< CF :@M@C ;< G@:?@E:?8 :@K8:@FE AL;@:@8C 8 cfj j\ÂŒfi\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`Â?e j`^l\1 <OKI8:KF 8Zkfi1 A?F==I< I8=8<C DFI8 HL@KF ;\dXe[X[fj1 ; 8 I N @ 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`Â?e1 (- [\ j\gk`\d$ Yi\ [\c )'(' :XljX <a\Zlk`mf1 Ef% ()/+$)'('% ;I8% B8C@EB8 A8I8D@CCF G IFM @ ; < E : @ 8 1 A L Q> 8 ; F M@><J@DF K<I:<IF ;< CF :@M@C ;< G@:?@E:?8 Hl`kf# cle\j ), fZklYi\ [\c )'('# cXj ((_,,%$ 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`\ekf [\ cX gi\j\ekX ZXljX \e ZXc`[X[ [\ Al\q k\dgfiXc d\[`Xek\ XZZ`Â?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\id`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\e$ k\d\ek\ efk`]ˆhl\j\ Xc i\^`jkiX[fi [\ cX gifg`\[X[ X ]`e [\ hl\ kfd\ efkX [\ \jk\ gXik`ZlcXi \e cfj c`Yifj i\jg\Zk`mfj%$ :@K<J< X cfj [\dXe$ [X[fj ;8IN@E 8C<O8E;<I <J:F98I DLI@CCF P E8I:@J8 8EKFE@8 G@8E;8 8CM8I8;F \e \c cl^Xi j\ŒXcX[f gXiX \c \]\Zkf%$ 8^i„^l\j\ Xc gifZ\jf cX [fZld\e$ kXZ`�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`�e hl\ k`\e\ [\ j\ŒXcXi 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 [\c <% <OKI8:KF ALQ>8;F F:K8MF ;< CF :@M@C ;< G@:?@E:?8 :@K8:@äE 8 C8 :FFG<I8K@M8 ;< M@M@<E;8 AFJ< =<C@O 98II<@IF AFJ< F:?F8 P D8EL<C K8I8GLyJ# GI<J@;<EK< P ><I<EK< 8:KFI1 G\[if <ie\jkf QXgXkX :Xe[f% ;<D8E;8;81 :ffg\iXk`mX [\ M`m`\e[X ĂˆAfj„ =\c`o 9Xii\`ifÉ Afj\ FZ_fX p DXel\c KXiXgl„j Gi\j`[\ek\ p >\i\ek\ AL@:@F1 Gi\jZi`gZ`Â?e <okiXfi[`eXi`X 8[hl`j`k`mX [\ ;fd`e`f Eif% (,)+$ )'('$n%q% KIĂ?D@K<1 Fi[`eXi`f AL<Q1 ;i% 8idXe[f 8Z\c[f >lXcc` Jlgc\ek\ J<:I<K8I@F1 ;i% =iXeZ`jZf Aljk`Z`X JXc^X[f :L8EK@81 @e[\k\id`eX[X 8LKF1 ALQ>8;F F:K8MF ;< CF :@M@C ;< G@:?@E:?8% Hl`kf# d`„i$ Zfc\j , [\ \e\if [\c )'((# cXj ('_,.% M`jkfj1 8mfZf ZfefZ`d`\ekf [\ cX ZXljX \e ZXc`[X[ [\ Al\q <eZXi^X[f [\c Alq^X[f FZkXmf [\ cf :`m`c [\ G`Z_`eZ_X# d\[`Xek\ 8ZZ`Â?e [\ G\ijfeXc Eif% )/+*$;G$;GG# [\ ). [\ ;`Z`\dYi\ [\c )'('%$ Gfi ZlXe$ kf j\ _X [X[f Zldgc`d`\ekf X cf fi[\eX[f \e gifm`[\eZ`X Xek\i`fi# j\ ZXc`]`ZX cX [\dXe[X gi\j\ekX[X Zfdf ZcXiX# gi\Z`jX p hl\ i\Â’e\ cfj i\hl`j`kfj [\ c\p2 \e Zfej\Zl\eZ`X# kiXdˆk\j\ cX d`jdX \e cX mˆX fi[`$ eXi`X%$ :fe \c Zfek\e`[f [\c c`Y\cf [\ [\dXe[X p \c gi\j\ek\ Xlkf# ZÂ?iiXj\ kiXjcX[f X cX :ffg\iXk`mX [\ M`m`\e[X Afj„ =\c`o 9Xii\`if# \e cXj g\ijfeXj [\c Gi\j`[\ek\ p >\i\ek\ i\jg\Zk`mXd\ek\# j\ÂŒfi\j Afj„ FZ_fX p DXel\c KXiXgl„j# gfi \c k„id`ef [\ hl`eZ\ [ˆXj# X ]`e [\ hl\ gifgfe^Xe cXj \oZ\gZ`fe\j hl\ j\ Zi\Xe Xj`jk`[fj%$ :ˆk\j\ X cX :ffg\iXk`mX [\ M`m`\e[X Afj„ =\c`o 9Xii\`if# \e cXj g\ijfeXj [\ cfj j\ÂŒfi\j Afj„ FZ_fX p DXel\c KXiXgl„j# Gi\j`[\ek\ p >\i\ek\ i\jg\Zk`mXd\ek\# gfi d\[`f [\ cX gi\ejX p \e lef [\ cfj [`Xi`fj [\ dXpfi Z`iZlcXZ`Â?e hl\ j\ \[`kXe \e \jkX Z`l[X[ [\ Hl`kf# gfi ZlXekf YXaf aliXd\ekf j\ dXe`]`\jkX `dgf$ j`Yc\ [\k\id`eXi jl `e[`m`[lXc`[X[ f
Ĺ?
i\j`[\eZ`X%$ :l„ek\j\ Zfe \c 8cZXc[\ p GifZliX[fi [\c @% Dle`Z`g`f [\c ;`jki`kf D\kifgfc`kXef [\ Hl`kf# Xjˆ Zfdf Zfe \c ;`i\Zkfi EXZ`feXc [\ :ffg\iXk`mXj%$ :fe ]le[Xd\e$ kf \e \c 8ik% (''' [\c :�[`^f [\ GifZ\[`d`\ekf :`m`c# `ejZiˆYXj\ cX [\dXe[X \e \c I\^`jkif [\ cX Gifg`\[X[ [\c :Xek�e Hl`kf%$ 8^i„^l\j\ Xc gifZ\jf \c [fZld\e$ kf hl\ j\ XZfdgXŒX%$ K„e^Xj\ \e Zl\ekX \c ZXj`cc\if al[`Z`Xc j\ŒXcX[f gfi \c XZkfi p cX ]XZlckX[ ZfeZ\[`[X Xc XYf^X[f [\]\ejfi%$ Efk`]ˆhl\j\% ] ;i% :Xicfj =\ie}e[\q @[ifmf% Al\q <eZXi^X[f% Cf hl\ Zfdle`Zf X L[j%# gXiX cfj ]`e\j [\ c\p# gi\m`e`„e[fc\j [\ cX fYc`^XZ`�e hl\ k`\e\e [\ j\ŒXcXi ZXj`cc\if al[`Z`Xc gXiX gfjk\i`fi\j efk`]`ZXZ`fe\j% ;i% =iXeZ`jZf Aljk`Z`X JXc^X[f J<:I<K8I@F ?Xp le j\ccf 8:&..00-&ZZ I% ;<C < : @ K8: @ F E AL;@:@8C 8 1 >L@CC<IDF <EQF 9FCCF K8G@8 <E JL :8C@;8; ;< D8E;8K8I@F ;< M<IFE@:8 ;< C8J D<I:<;<J IL@Q 9FCCF :FE <C AL@:@F ;< G8IK@:@FE1 GIFGL<JKF GFI KI@E@;8; CFP8 KFGFE P >CFI@8 JLJ8E8 8E;I8;<1 >L@CC<IDF <EQF 9FCCF K8G@8 <E JL :8C@;8; ;< D8E;8K8I@F ;< M<IFE@:8 ;< C8J D<I:<;<J IL@Q 9FCCF% 8:KFI<J1 KI@E@;8; CFP8 KFGFE P >CFI@8 JLJ8E8 8E;I8;< ;<D8E;8;FJ1 >L@CC<IDF <EQF 9FCCF K8G@8 <E JL :8C@;8; ;< D8E;8K8I@F ;< M<IFE@:8 ;< C8J D<I:<;<J IL@Q 9FCCF% =LE;8D<EKF ;< ;<I<:?F1 8IK@:LCF (**/ P J@>L@<EK<J ;<C :F;@>F :@M@C :FDF K8D9@<E C8J ;<C 8IK@:LCF -*0 P J@>L@<EK<J ;<C :F;@>F ;< GIF:<;@D@<EKF :@M@C :L8EK@81 @E;<K<ID@E8;8 AL@:@F1 '0(($)'('$;I8% :%@ KI8D@K<1 FI;@E8I@F ;FD@:@C@F AL;@:@8C1 ;I8% 8I8:<C@ CFFI# :8J@CC<IF AL;@:@8C EIF% +/'* ALQ>8;F J<>LE;F ;< CF :@M@C ;< G@:?@E:?8%$ Hl`kf# m`\ie\j * [\ j\gk`\dYi\ [\c )'('# cXj (,_,)% M@JKFJ%$ 8mfZf ZfefZ`d`\ekf [\ cX gi\j\ek\ ZXljX# \e m`ikl[ [\c F]`Z`f (*'/$;G$;GG# [\ ]\Z_X . [\ alc`f [\c )'('%$ <e cf gi`eZ`gXc# cX [\dXe$ [X hl\ Xek\Z\[\ \j ZcXiX# gi\Z`jX# Zfdgc\*kX p i\’e\ cfj [\d}j i\hl`$ j`kfj [\ ]fidX \o`^`[fj \e cX C\p%$ ;\j\ \c kiXd`k\ \jg\Z`X%$ :ˆk\j\ Xc [\dXe[X[f [\ Zfe]fid`[X[ Zfe cf [`jgl\jkf \e \c 8ik% /) [\c :�[`^f [\ GifZ\[`d`\ekf :`m`c# gfi cX gi\ejX \e lef [\ cfj [`Xi`fj [\ dXpfi Z`iZlcXZ`�e [\ \jkX Z`l[X[ [\ Hl`kf%$ LeX m\q Z`kX[f \c [\dXe[X$ [f X g\k`Z`�e [\ gXik\ p [\ Zfe]fi$ d`[X[ X cf [`jgl\jkf \e \c 8ik% -+) [\c :�[`^f [\ GifZ\[`d`\ekf :`m`c# j\ c\j ZfeZ\[\ \c k\id`ef [\ hl`e$ Z\ [ˆXj# gXiX hl\ gi\j\ek\e kf[Xj cXj Zl\jk`fe\j [\ i\jfclZ`�e gi\m`X hl\ ]l\i\e e\Z\jXi`Xj gXiX cc\mXi X ZXYf cX gXik`Z`gXZ`�e# `eZclj`m\ cf i\cXZ`feX[f Zfe cX Zfdg\k\eZ`X p ali`j[`ZZ`�e [\c Al\q%$ :l„ek\j\ Zfe cfj g\ijfe\ifj [\c Dle`Z`g`f [\ Hl`kf%% @ejZiˆYXj\ cX gi\j\e$ k\ [\dXe[X \e \c I\^`jkif [\ cX Gifg`\[X[%$ 8^i„^l\j\ cX [fZl$ d\ekXZ`�e X[alekX%$ K„e^Xj\ \e Zl\ekX \c ZXj`cc\if al[`Z`Xc [\j`^$ eX[f%$ :@K<J< P EFK@=@HL<J<% ;I% =89I@:@F J<>FM@8 9<K8E:FLIK AL<Q <E:8I>8;F Cf hl\ Zfdle`Zf X ljk\[ gXiX cfj ]`e\j [\ c\p# gi\m`e`„e[fc\ [\ cX fYc`^XZ`�e [\ j\ŒXcXi ZXj`cc\if al[`$ Z`Xc \e le [`Xi`f [\ \jkX Z`l[X[% ;i% AlXe >XccXi[f J<:I<K8I@F
;b fhe]h[ie [i kd h[ikbjWZe Z[ bW i[b[YY_ÂŒd" o bW i[b[YY_ÂŒd i[ YkcfbW c[`eh YkWdje cWoeh [i [b d‘c[he Z[ jƒhc_dei [djh[ gk[ fk[Z[ [b[]_hi[$ KD7CKDE 8:&./'(0&D> I<Gè9C@:8 ;<C <:L8;FI ALQ>8;F M@>yJ@DF :L8IKF ;< CF :@M@C ;< G@:?@E:?8% EFK@=@:8:@äE AL;@:@8C 81 CFJ ?<I<;<IFJ GI<JLEKFJ P ;<J:FEF:@;FJ ;<C JI% :8ICFJ 8C9<IKF J@D98z8 IFD<IF# ;< C8 ;<D8E;8 FI;@E8I@8# HL< J@>L<E >LJK8MF M<I;<QFKF DFEK<IF p D8I@8 IFJ8 HL@IFQ IL8C<J 8:KFI<J1 >LJK8MF M<I;<QFKF DFEK<IF p D8I@8 IFJ8 HL@IFQ IL8C<J% ;<D8E;8;FJ1 :8ICFJ 8C9<IKF J@D98z8 IFD<IF# >8CF <EI@HL< :8J8I<J :8I;<E8J p :C8I8 =8C:FEĂ G8C8:@FJ KIĂ?D@K<1 FI;@E8I@F AL@:@F Ef% ()/'$)''0$DJ% :L8EK@81 @E;<K<ID@E8;8 GIFM@;<E:@81 ALQ>8;F M@>yJ@DF :L8IKF ;< CF :@M@C ;< G@:?@E:?8% HL@KF# () [\ \e\if [\c )'('# (-_('%$ M@JKFJ%$ 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\Â’e\ cfj [\d}j i\hl`j`$ kfj [\ c\p% <e Zfej\Zl\eZ`X ZÂ?iiXj\ kiXjcX[f Zfe cX d`jdX X cfj [\dXe$ [X[fj j\ÂŒfi\j :8ICFJ 8C9<IKF J@D98z8 IFD<IF# >8CF <EI@HL< :8J8I<J :8I;<E8J p :C8I8 =8C:FE@ G8C8:@FJ# gfi \c k„id`ef [\ hl`eZ\ [ˆXj# Zfe Xg\i$ Z`Y`d`\ekf [\ cXj gXik\j \e i\Y\c$ [ˆX% @ejZiˆYXj\ cX [\dXe[X \e \c I\^`jkif [\ cX Gifg`\[X[ [\ \jk\ ZXekÂ?e# [\ Zfe]fid`[X[ X cf [`j$ gl\jkf \e \c 8ik% (''' [\c :Â?[`^f [\ GifZ\[`d`\ekf :`m`c% :l„ek\j\ \e cX gi\j\ek\ ZXljX Zfe \c j\ÂŒfi 8cZXc[\ [\c ;`jki`kf D\kifgfc`kXef [\ Hl`kf p Zfe \c j\ÂŒfi GifZliX[fi Jˆe[`Zf Dle`Z`gXc% :ˆk\j\ X cfj [\dXe[X[fj j\ÂŒfi\j >8CF <EI@HL< :8J8I<J :8I;<E8J p :C8I8 =8C:FE@ G8C8:@FJ# \e \c cl^Xi hl\ j\ `e[`ZX \e cX [\dXe[X# gXiX cf ZlXc \emˆ\$ j\ jl]`Z`\ek\ [\jgXZ_f X cX jXcX [\ Z`kXZ`fe\j2 p# [\ Zfe]fid`[X[ Xc aliXd\ekf i\e[`[f p \c 8ik% /) [\c :Â?[`^f [\ GifZ\[`d`\ekf :`m`c# Zˆk\j\ Xc [\dXe[X[f j\ÂŒfi :8ICFJ 8C9<IKF J@D98z8 IFD<IF# gfi cX gi\ejX \e le g\i`Â?[`Zf [\ dXpfi Z`iZlcXZ`Â?e [\ \jkX Z`l[X[ [\ Hl`kf% K„e^Xj\ \e Zl\ekX \c ZXj`$ cc\if al[`Z`Xc j\ÂŒXcX[f% 8^i„^l\j\ cX [fZld\ekXZ`Â?e XZfdgXÂŒX[X%$ Efk`]ˆhl\j\%$ ] % ;iX% DÂ?e`ZX =cfi GXqd`ÂŒf% Al\qX% ALQ>8;F M@>yJ@DF :L8IKF ;< CF :@M@C ;< G@:?@E:?8% HL@KF# dXik\j (, [\ ]\Yi\if [\c )'((# ((_')%$ ;i% :i`jkÂ?YXc Fa\[X DXikˆe\q# XmfZf ZfefZ`d`\ekf [\ cX gi\j\ek\ ZXljX# \e m`ikl[ [\ cX XZZ`Â?e [\ g\ijfeXc Ef% *(+$;G$ ;GG [\ (' [\ ]\Yi\if [\c )'((% 8^i„^l\j\ Xc gifZ\jf \c \jZi`kf gi\j\ekX[f%$ Gfi aljk`]`ZX[f \c ]Xcc\Z`d`\ekf [\c [\dXe[X[f j\ÂŒfi :Xicfj 8cY\ikf J`dYXÂŒX Ifd\if# _}^Xj\ jXY\i X jlj _\i\[\ifj gi\$ jlekfj p [\jZfefZ`[fj Zfe]fid\ Xc dXe[Xkf [\c 8ik% /* [\c :Â?[`^f [\ GifZ\[`d`\ekf :`m`c# d\[`Xek\ leX glYc`ZXZ`Â?e hl\ j\ cf _Xi} \e lef [\ cfj g\i`Â?[`Zfj [\ dXpfi Z`i$ ZlcXZ`Â?e [\ \jkX Z`l[X[ [\ Hl`kf%$ Efk`]ˆhl\j\%$ ;i% :i`jkÂ?YXc Fa\[X DXikˆe\q# Al\q <eZXi^X[f%$
Cf hl\ Zfdle`Zf X ljk\[ gXiX cfj ]`e\j [\ c\p# gi\m`e`„e[fc\ [\ cX fYc`^XZ`Â?e [\ j\ÂŒXcXi ZXj`ccX al[`$ Z`Xc# \e cX Z`l[X[ [\ Hl`kf# Gifm`eZ`X [\ G`Z_`eZ_X# <ZlX[fi # gXiX gfj$ k\i`fi\j efk`]`ZXZ`fe\j%$ 8Y% DXi`f CXjjf Fik\^X J<:I<K8I@F ;<C ALQ>8;F M@>yJ@DF :L8IKF ;< CF :@M@C ;< G@:?@E:?8 ?Xp le j\ccf 8:&./'(-&ZZ I<GL9C@:8 ;<C <:L8;FI ALQ>8;F M@><J@DF HL@EKF ;< CF :@M@C ;< G@:?@E:?8 :@K8:@äE AL;@:@8C 8 CFJ G I <J L E KFJ ? < I < ; < IFJ :FEF:@;FJ F ;<J:FEF:@;FJ ;< HL@<E <E M@;8 =L<IFE CFJ :äEPL><J AL8E 8EKFE@F KFC<;F P :FEJL<CF :8A8J 8:KFI1 :8ICFJ ?LD9<IKF @Q8 GIF:LI8;FI ;< C8 J<zFI8 D8I@8 AL8E8 G8O8CC8 LJ?:8 ;<D8E;8;81 AL8E 8EKFE@F KFC<;F P :FE:L<CF :8A8J# C 8L I8 KF C < ; F :8 A8J D8>;8C<E8 KFC<;F :8A8J# AFI>< ?LD9<IKF :8A8J KFC<;F AL@:@F FI;@E8I@F Ef1 (*0*$ )''0$D%J% =LE;8D<EKF1 8IK@:LCF )+(* ;<C :F;@>F :@M@C :L8EK@81 @E;<K<ID@E8;8% 89F>8;F ;<=<EJFI1 ;I% :8ICFJ ?LD9<IKF :8J@CC<IF AL;@:@8C1 Ef% 00 ALQ>8;F M@>yJ@DF HL@EKF ;< CF :@M@C ;< G@:?@E:?8% HL@KF# ), [\ efm`\dYi\ [\c )''0# cXj ((_*'%$ M@JKFJ%$ <e cf Gi`eZ`gXc cX [\dXe[X hl\ Xek\Z\[\ \j ZcXiX# Zfdgc\kX p gi\Z`jX# gfi i\le`i cfj i\hl`j`kfj [\ C\p# j\ cX X[d`k\ Xc ki}d`k\ Fi[`eXi`f%$ :fe \c Zfek\$ e`[f [\ cX [\dXe[X p „jk\ 8lkf [\ ZXc`]`ZXZ`Â?e# Zˆk\j\ X cfj [\dXe[X$ [fj j\ÂŒfi\j CXliX Kfc\[f :XaXj# DX^[Xc\eX Kfc\[f :XaXj# Afi^\ ?ldY\ikf <Z_\m\iiˆX Kfc\[f# AlXe 8[fc]f :XaXj Kfc\[f# Cl`j 8cY\ikf :XaXj Kfc\[f p dXiˆX 8e^„c`ZX :XaXj Kfc\[f2 p# \e d„i`kf Xc aliX$ d\ekf i\e[`[f gfi \c XZkfi :Xicfj ?ldY\ikf @qX @qX# [\ Zfe]fid`$ [X[ Zfe \c 8ik% /) [\c :Â?[`^f [\ GifZ\[`d`\ekf :`m`c m`^\ek\# Zˆk\j\ X cfj gi\jlekfj _\i\[\ifj ZfefZ`[fj f [\jZfefZ`[fj [\ hl`\e \e m`[X ]l\ife cfj ZÂ?epl^\j AlXe 8ekfe`f Kfc\[f p :fejl\cf :XaXj2 d\[`Xek\ ki\j glYc`ZXZ`fe\j i\Xc`qX[Xj \e lef [\ cfj [`Xi`fj [\ dXpfi Z`iZlcXZ`Â?e [\ \jkX Z`l[X[2 X ]`e [\ hl\ \e \c k„id`ef [\ hl`eZ\ [ˆXj gifgfe^Xe cXj \oZ\gZ`fe\j hl\ j\ Zi\Xe Xj`j$ k`[fj% ;\ Zfe]fid`[X[ Zfe \c 8IK% (''' [\c :Â?[`^f [\ GifZ\[`d`\ekf :`m`c m`^\ek\# `ejZiˆYXj\ cX [\dXe$ [X \e \c I\^`jkif [\ cX Gifg`\[X[ [\c :XekÂ?e Hl`kf%$ :l„ek\j\ \e cX gi\j\ek\ ZXljX Zfe \c j\ÂŒfi 8cZXc[\ p GifZliX[fi Jˆe[`Zf [\c ;`jki`kf D\kifgfc`kXef [\ Hl`kf# hl`\e\j [\Y\i}e j\i Z`kX[fj \e \c cl^Xi hl\ j\ `e[`ZX gXiX kXc \]\Zkf \emˆ\j\ jl]`Z`\ek\ [\jgXZ_f X cX F]`Z`eX [\ :`kXZ`fe\j%$ KÂ?d\j\ \e Zl\ekX \c ZXj`cc\if al[`Z`Xc j\ÂŒXcX[f gfi \c XZkfi gXiX jlj efk`]`ZXZ`fe\j%$ :@K<J< P EFK@=@HL<J<% % % ] ;I% @M8E :<M8CCFJ Q8D9I8EF% Cf hl\ Zfdle`Zf X ljk\[ gXiX cfj ]`e\j c\^Xc\j Zfej`^l`\ek\j# gi\m`$
AVISO DE ACREEDORES En atenciĂłn a lo que dispone el Art. 393 de la ley de CompaĂąĂas, requiero pĂşblicamente a los Acreedores de la compaĂąĂa GEOSKY ECUADOR S.A. “en liquidaciĂłnâ€?, a fin de que quienes se consideren con tal derecho, presenten ante la suscrita liquidadora en las calles Inti Oe2-28 y CĂŠsar Chiriboga, primer piso, en el tĂŠrmino de 20 dĂas contados desde la Ăşltima publicaciĂłn de este aviso, los documentos que acrediten su derecho previniĂŠndoles que de no hacerlo se tomarĂĄn en cuenta solamente a los acreedores que hayan presentado su liquidaciĂłn y a los que aparezcan reconocidos como tales en la contabilidad de la compaĂąĂa.
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 ?Xp ]`idX p j\ccf 8:&../(0&XX <OKI8:KF AL;@:@8C ALQ>8;F GI@D<IF ;< CF :@M@C ;< G@:?@E:?8 :@K8:@FE AL;@:@8C 81 M@:KFI D8EL<C# AFJ< C<FE8I;F# :8ICFJ 8C9<IKF P ALC@F IFA8J KILA@CCF 8:KFI% D8I@8 AL8E8 J8E:?<Q G8C8K< ;<D8E;8;FJ% M@:KFI D8EL<C# AFJ< C<FE8I;F# :8ICFJ 8C9<IKF P ALC@F IFA8J KILA@CCF AL@:@F% FI;@E8I@F EF% ().,$)'('$;:% KI8D@K<% FI;@E8I@F :L8EK@8% @E;<K<ID@E8;8 GIFM@;<E:@8J1 ALQ>8;F GI@D<IF ;< CF :@M@C ;< G@:?@E:?8% HL@KF# dXik\j )- [\ fZklYi\ [\c )'('# cXj '0_*.%$ M@JKFJ1$ CX [\dXe[X hl\ Xek\Z\[\ \j ZcXiX p i\“e\ cfj [\d~j i\hl`j`kfj [\ ]fidX gi\m`jkfj gfi cX C\p%$ <e Zfej\Zl\eZ`X# j\ [X \c ki~d`k\ fi[`$ eXi`f jfc`Z`kX[f# gXiX cf ZlXc Z‰k\j\ X cfj [\dXe[X[fj j\Œfi\j1 M@:KFI D8EL<C# AFJ< C<FE8I;F# :8ICFJ 8C9<IKF# ALC@F IFA8J KILA@CCF2 P# CFJ ?<I<;<IFJ GI<JLEKFJ P ;<J:FEF:@;FJ ;<C J<zFI =I8E:@J:F K8@G< @Q8# X ]`e [\ hl\ \e \c k…id`ef [\ hl`eZ\ [‰Xj [\[lqZXe cXj \oZ\gZ`f$ e\j [`cXkfi`Xj p g\i\ekfi`Xj [\ cXj hl\ j\ Zi\Xe Xj`jk`[fj%$ @ejZi‰YXj\ cX [\dXe[X \e \c I\^`jkif [\ cX Gifg`\[X[%$ 8k\ekf \c aliXd\ekf hl\ k`\e\ i\e[`[f cX XZkfiX# [\ Zfe$ ]fid`[X[ Zfe cf [`jgl\jkf \e \c 8ik% /) [\c :Ž[`^f [\ GifZ\[`d`\ekf :`m`c# Z‰k\j\ X cfj [\dXe[X[fj gfi cX gi\ejX# \jkf \j \e lef [\ cfj g\i`Ž[`Zfj [\ dXpfi Z`iZlcXZ`Že hl\ j\ \[`kX \e \jkX Z`l[X[ [\ Hl`kf%$ :‰k\j\ p Zl…ek\j\ \e cX gi\$ j\ek\ ZXljX Zfe cfj g\ijfe\ifj [\c
@% Dle`Z`g`f [\ Hl`kf%$ KÂŽd\j\ \e Zl\ekX \c ZXj`cc\if al[`Z`Xc j\ÂŒXcX$ [f%$ Efk`]‰hl\j\%$ = ;I% 8C=I<;F >I@A8CM8 DLzFQ% AL<Q Cf hl\ Zfdle`Zf X ljk\[ gXiX cfj ]`e\j [\ c\p# gi\m`e`„e[fc\ [\ cX fYc`^XZ`Â?e hl\ k`\e\ [\ j\ÂŒXcXi ZXj`cc\if al[`Z`Xc [\ekif [\c g\iˆ$ d\kif p \e cX ]fidX \jkXYc\Z`[fj \e cX c\p% ;I% AL8E G89CF KFIF :8II@CCF J<:I<K8I@8 ?Xp ]`idX p j\ccf 8:&../(.&XX 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 [\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„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\’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# Z�iiXj\ kiXjcX[f gfi \c k„id`ef c\^Xc [\ hl`eZ\ [‰Xj# hl\ Zfd\eqXi} X [\Zlii`i X gXi$ k`i [\ cX ]\Z_X [\ Z`kXZ`�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 [\jZfef$ Z`[fj [\c j\Œfi @J@;IF M8C<E:@8 E@<KF# p X[\dXj cfj j\Œfi\j G<;IF :<M8CCFJ >L8P8J8D@E X kiXm\q [\ jlj _\i\[\ifj j\Œfi\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`�e [\ \jkX :`l[X[ [\ Hl`kf# Gifm`eZ`X [\ G`Z_`eZ_X# [\ Zfe]fid`[X[ Zfe cf [`jgl\jkf \e \c 8ik% /) [\c :�[`^f [\ GifZ\[`d`\ekf :`m`c# X ]`e [\ hl\ gifgfe^Xe cXj \oZ\gZ`f$ e\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} %$8^i„^l\j\ Xc gifZ\jf cX [fZld\ekXZ`�e hl\ j\ XZfdgX$ ŒX%$K„e^Xj\ \e Zl\ekX \c [fd`Z`c`f p ZXj`ccX al[`Z`Xc j\ŒXcX[f gfi cfj ZfdgXi\Z`\ek\j# Xjˆ Zfdf kXd$ Y`\e cX Xlkfi`qXZ`�e X jl 8Yf^X[f ;\]\ejfi# p cX ZXc`[X[ Zfdf Zfd$ gXi\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$
SUPERINTENDENCIA DE COMPAĂ‘IAS
REPUBLICA DEL ECUADOR SUPERINTENDENCIA DE COMPAĂ‘IAS
EXTRACTO DE LA ESCRITURA PĂšBLICA DE DISOLUCIĂ“N VOLUNTARIA Y ANTICIPADA DE LA COMPAĂ‘Ă?A COMERCIALIZADORA "ALDAS-VALLE A & V" CIA. LTDA. ANTECEDENTES.- COMERCIALIZADORA "ALDAS-VALLE A & V" CIA. LTDA., se constituyĂł mediante escritura pĂşblica otorgada ante el Notario VigĂŠsimo SĂŠptimo del Distrito Metropolitano de Quito, el 4 de septiembre de 2002, inscrita en el Registro Mercantil de la misma ciudad bajo el No. 3447, Tomo No. 133 el 14 de octubre de 2002. CELEBRACIĂ“N Y APROBACIĂ“N.- La escritura pĂşblica de disoluciĂłn voluntaria y anticipada de la compaĂąĂa COMERCIALIZADORA "ALDAS-VALLE A & V" CIA. LTDA., otorgada el 27 de octubre de 2010 ante el Notario Noveno del Distrito Metropolitano de Quito, ha sido aprobada por la Superintendencia de CompaĂąĂas, mediante ResoluciĂłn No.SC.IJ.DJDL.Q.11. 0501 de 02 FEB. 2011 OTORGANTES.- Comparece al otorgamiento de la escritura pĂşblica antes mencionada el seĂąor Edgar Xavier Aldas Gavilanes, en su calidad de Presidente subrogante del Gerente General de COMERCIALIZADORA "ALDAS-VALLE A & V" CIA. LTDA., de nacionalidad ecuatoriano, de estado civil casado y domiciliado en el Distrito Metropolitano de Quito. PUBLICACIĂ“N.- La Superintendencia de CompaĂąĂas ordenĂł la publicaciĂłn del extracto de la referida escritura pĂşblica pertinente, por tres dĂas consecutivos, para efectos de oposiciĂłn de terceros seĂąalada en el Art. 33 de la Ley de CompaĂąĂas y Reglamento de OposiciĂłn, como acto previo a su inscripciĂłn. AVISO PARA OPOSICIĂ“N.- Se pone en conocimiento del pĂşblico la disoluciĂłn voluntaria o anticipada de la compaĂąĂa COMERCIALIZADORA "ALDAS-VALLE A & V" CIA. LTDA., a fin que quienes se creyeren con derecho a oponerse a su inscripciĂłn puedan presentar su peticiĂłn ante uno de los Jueces de lo Civil del domicilio principal de la compaĂąĂa, dentro de los seis dĂas contados desde la fecha de la Ăşltima publicaciĂłn de este extracto y, ademĂĄs pongan el particular en conocimiento de la Superintendencia de CompaĂąĂas. El Juez que reciba la oposiciĂłn notificarĂĄ a esta Superintendencia, dentro del tĂŠrmino de dos dĂas siguientes, juntamente con el escrito de oposiciĂłn y providencia recaĂda sobre ella. En caso de no existir oposiciĂłn o de no ser notificada en la forma antes indicada se procederĂĄ a la inscripciĂłn de la referida escritura pĂşblica de la indicada compaĂąĂa y al cumplimiento de los demĂĄs requisitos legales. Distrito Metropolitano de Quito, a 02 FEB. 2011
Quito, 16 de febrero de 2011. AB. PATRICIA CHIRIBOGA SĂ NCHEZ DIRECTORA JURĂ?DICA DE DISOLUCIĂ“N Y LIQUIDACIĂ“N DE COMPAĂ‘Ă?AS
Ing. Karina Damari GarcĂa ChĂĄvez LIQUIDADORA AR/81627/cc
AR/81616/cc
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 ALQ>8;F HL@EKF ;< CF :@M@C ;< G@:?@E:?8 8M@JF ;< I<D8K< J\ gfe\ \e ZfefZ`d`\ekf [\c gÂ’Yc`$ Zf hl\ \c [ˆX (- [\ dXiqf [\c XÂŒf \e Zlijf# [\j[\ cXj ZXkfiZ\ _fiXj X cXj [`\Z`fZ_f _fiXj# \e cX J\Zi\kXiˆX [\ Al[`ZXkliX# j\ cc\mXi} X ZXYf \c i\dXk\ [\c m\_ˆZlcf :?<MIFC<K# Df[\cf 8m\f <dfk`fe (%>C# 8ÂŒf )''0# j`e gcXZXj# \dYXi^X[f [\e$ kif [\ cX gi\j\ek\ ZXljX%$ ZlpXj ZXiXZk\iˆjk`ZXj p XmXcÂ’f jfe cXj j`^l`\ek\j1 ;<J:I@G:@äE ;<C M<?Ă :LCF D8I:81 :?<MIFC<K GC8:8J1 J@E GC8:8J DF;<CF1 8M<F <DFK@FE (%>C 8zF1 )''0 :FCFI1 E<>IF <9FEP EèD<IF ;< D FKF I 1 =(-;*)./-,/( EèD<IF ;< : ? 8 J @ J 1 /C8KN,/-/0''')/.* <JKIL:KLI8 GXik\ <ok\ieX%$ <e cX gXik\ \ok\ieX \jk} Zfe g`ekliX \e Yl\e \jkX[f# ef j\ \eZfekiÂ? iXjgfe\j e` _le[`$ d`\ekfj \e \c m\_ˆZlcf2 Zfe clZ\j [\cXek\iXj p gfjk\i`fi\j \e Yl\e \jkX[f2 Zfe ^lXi[XZ_fhl\ [\cXe$ k\if p gfjk\i`fi2 j`e gcXZXj [\cXe$ k\iX p gfjk\i`fi2 Zfe \c e\ld}k`Zf gfjk\i`fi [\i\Z_f YXaf# p jlj ki\j e\ld}k`Zfj \e i\^lcXi \jkX[f# ZX[X lef Zfe jlj i\jg\Zk`mfj Xif2 Zfe [fj gcldXj [\cXek\iXj2 Zfe jlj [fj i\kifm`jfi\j2 Zfe jlj gXiXYi`jXj p m\ekXeXj Zfdgc\kXj# ef \jk}e ki`jX$ [Xj2 Zfe cXj Z_XgXj \e Yl\e \jkX[f p ]leZ`feXe[f% GXik\ @ek\ieX%$ <e cX gXik\ `ek\ieX \jk} Zfe \c kXYc\if \e Yl\e \jkX$ [f# cX ^lXek\iX Zfe jlj i\jg\Zk`mX j\^li`[X[ \e Yl\e \jkX[f# Zfe \c
Z\i\Yif [\c iX[`f# Zfe \eZ\e[\[fi2 Zfe jl gXcXeZX p mfcXek\ \e Yl\e \jkX[f2 Zfe dfhl\kXj \e i\^lcXi \jkX[f2 cX kXg`Z\iˆX [\ cfj Xj`\ekfj \e Yl\e \jkX[f# ZX[X lef [\ \ccfj Zfe jlj Z`eklife\j [\ j\^li`[X[ p jlj ZXY\qXc\j2 Zfe cX kXg`Z\iˆX [\ cXj gl\ikXj \e Yl\e \jkX[f2 Zfe ccXekX [\ \d\i^\eZ`X# Zfe ccXm\j [\ il\[Xj# Zfe _\iiXd`\ekXj# Zfe ^XkX# j`e \ok`ekfi# j`e Yfk`hlˆe1 Zfe i\jg\Zkf X cX `dgifekX [\c dfkfi p [\c Z_Xj`j ef _Xp gifYc\dXj [\ e`e^leX eXkliXc\qX p cfj [ˆ^`kfj hl\ \jk}e \e cfj m\_ˆZlcfj jfe cfj d`jdfj hl\ \jk}e \e \c ZfekiXkf [\ ZfdgiXm\ekX2 Zfe i\jg\Zkf X cfj [\d}j \c m\_ˆZlcf \jk} \e Yl\e \jkX[f% B`cfd\kiXa\%$ ).%,') B`cÂ?d\kifj 8M8CèF ;<C M<?@:LCF1 <C 8M8CLF ;<C M<?@:LCF 8J:@<E;< 8 (('''#'' LJ; FE:< D@C ;FC8I<J 8D<I@:8EFJ % CXj gfjkliXj j\i}e XZ\gkX[Xj X gXik`i [\ cXj [fj k\iZ\iXj gXik\j [\c XmXcÂ’f g\i`Z`Xc# gfi kiXkXij\ [\c gi`d\i j\ÂŒXcXd`\ekf# [\Y`\e$ [f X[alekXij\ \c (' [\ cX f]\ikX \e [`e\if \e \]\Zk`mf f Z_\hl\ Z\ik`]`ZX[f X cX fi[\e [\c alq^X[f Zfe]fid\ X cX C\p% Al`Z`f Ef% ('(-$)''0$A%K% Cf hl\ gfe^f \e jl ZfefZ`d`\ekf gXiX ]`e\j [\ c\p% ;I% CL@J IFE M@CC8M@:<E:@F J<:I<K8I@F < ?Xp le j\ccf 8I&/(-+)&ZZ ALQ>8;F K<I:<IF ;<C KI898AF ;< G@:?@E:?8 8M@JF AL;@:@8C ;< I<D8K< AL@:@F FI8C ;< KI898AF Ef% /)-$)''.$IG J\ gfe\ \e ZfefZ`d`\ekf [\c gÂ’Yc`Zf \e ^\e\iXc hl\ \c [ˆX (+ [\ dXiqf [\c XÂŒf )'((# [\j[\ cXj ZXkfiZ\ _fiXj _XjkX cXj [`\Z`fZ_f _fiXj# k\e[i} cl^Xi \e cX J\Zi\kXiˆX [\ \jkX al[`ZXkliX \c i\dXk\ [\c Y`\e `edl\Yc\ \dYXi^X[f p XmX$ clX[f# \c d`jdf hl\ j\ [\kXccX X Zfek`elXZ`Â?e1 9`\e `edl\Yc\ lY`$
ZX[f \e cX gXiifhl`X GXjkfZXcc\ [\c :XekÂ?e CXkXZle^X# Gifm`eZ`X [\ :fkfgXo`# [\ gifg`\[X[ [\ cX [\dXe[X[X :FDG8zĂ 8 K<OK@C<J I@F 9C8E:F J%8%# [\ leX \ok\ej`Â?e Xgifo`dX[X [\ +'*)' d)# Zfe cXj j`^l`\ek\j ZfejkilZZ`fe\j1 ZXjX [\ )+, d) p leX d\[`X X^lX [\ ).+%., d) # }i\X Zfejkil`[X ('(#'( d) Zlpfj c`e[\ifj jfe cfj j`^l`\e$ k\j1 EFIK<1 ZXd`ef gÂ’Yc`Zf2 JLI1 gi\[`f [\c [fZkfi 8c\aXe[if GXq2 FI@<EK<1 gi\[`f [\ Afi^\ <ei`hl\ Dfi\ef# _fp k\ok`c\j Iˆf 9cXeZf2 F::@;<EK<1 _\i\[\ifj [\ DXel\c DXiˆX Dfi\ef# _fp k\ok`c\j Iˆf 9cXeZf1 MXcfi [\c XmXcÂ’f1 KI<J:@<EKFJ KI<@EK8 P J@<K< D@C KI<J:@<EKFJ J<K<EK8 ;äC8I<J **.%*.'#'' % J\ i\Z`Y`i}e cXj gfjkliXj gfi le mXcfi hl\ ZlYiX cXj [fj k\iZ\iXj gXik\j [\c XmXcÂ’f# XgifYX[f Zfdf YXj\# gfi kiXkXij\ [\c gi`d\i j\ÂŒX$ cXd`\ekf# Xc hl\ [\Y\e XZfdgXÂŒXi \c [`\q gfi Z`\ekf [\ cX f]\ikX# \e [`e\if \e \]\Zk`mf f Z_\hl\ Z\i$ k`]`ZX[f X efdYi\ [\c alq^X[f% <c Y`\e `edl\Yc\ dXk\i`X [\c i\dXk\ j\ \eZl\ekiXe \e gf[\i [\c j\ÂŒfi ;\gfj`kXi`f Al[`Z`Xc NXj_`e^kfe 8idXj QXdYiXef Cf hl\ gfe^f \e ZfefZ`d`\ekf [\c gÂ’Yc`Zf \e ^\e\iXc% ;I8% <JD<I8C;8 DLzFQ :?@I@9F>8 J<:I<K8I@8 ;<C ALQ>8;F K<I:<IF ;<C KI898AF ;< G@:?@E:?8% 8%G%&+././&b%d% I<GL9C@:8 ;<C <:L8;FI ALQ>8;F EFM<EF ;< CF :@M@C ;< G@:?@E:?8 8M@JF AL;@:@8C ;< I<D8K< J\ _XZ\ ZfefZ\i Xc gÂ’Yc`Zf \e ^\e\iXc# gXiX cfj ]`e\j [\ C\p Zfe$ j`^l`\ek\j# hl\ gfi [`jgfj`Z`Â?e [\c j\ÂŒfi Al\q Efm\ef [\ cf :`m`c [\ G`Z_`eZ_X# [`ZkX[X \e cX ZXljX ;< 8GI<?<EJ@FE Ef% /**&)%'('% <:J%# \c [ˆX hl\ ZfekXi\dfj M`\ie\j [`\Z`fZ_f (/ [\ DXiqf [\c XÂŒf
SUPERINTENDENCIA DE COMPAĂ‘Ă?AS
RESOLUCIĂ“N No. SC.ICI.DAI.Q.11.029. 004 Dr. Marcelo Icaza Ponce INTENDENTE DE COMPAĂ‘Ă?AS DE QUITO CONSIDERANDO: QUE, el ArtĂculo 318 de la Ley de CompaĂąĂas, establece la obligatoriedad para ciertas empresas de contar con informe anual de auditorĂa externa, y confiĂł a la Superintendencia la funciĂłn de calificar a las personas naturales o jurĂdicas que ejerzan la auditorĂa externa; QUE, mediante ResoluciĂłn No. 02.Q.ICI.007 de 23 de abril del 2002, la Superintendencia de CompaĂąĂas expidiĂł las normas para la calificaciĂłn y registro de auditores externos; QUE, el LCDO. RICHAR JOBANNY SIMBAĂ‘A SALINAS, ha cumplido con los requisitos establecidos en la resoluciĂłn referida en el considerando anterior, lo cual ha sido confirmado por el Intendente de Control e IntervenciĂłn, mediante Informe nĂşmero 004 de 14 de febrero de 2011; y, EN uso de las atribuciones que le confiere la ResoluciĂłn No. ADM-Q2011-002 de 17 de enero de 2011; RESUELVE: ARTĂ?CULO 1.- CALIFICAR al LCDO. RICHAR JOBANNY SIMBAĂ‘A SALINAS, para que pueda ejercer la auditorĂa externa en las empresas seĂąaladas en la Ley de CompaĂąĂas y en las resoluciones pertinentes, por el perĂodo de 5 aĂąos contado a partir de la fecha de emisiĂłn de la presente resoluciĂłn. ARTĂ?CULO 2.- DISPONER que el, LCDO. RICHAR JOBANNY SIMBAĂ‘A SALINAS, publique por una sola vez la presente resoluciĂłn en uno de los periĂłdicos de mayor circulaciĂłn de su domicilio. Un ejemplar de la publicaciĂłn deberĂĄ entregarse a la Superintendencia de CompaĂąĂas. ARTĂ?CULO 3.- DISPONER que SecretarĂa General de esta Superintendencia inscriba al LCDO. RICHAR JOBANNY SIMBAĂ‘A SALINAS en el Registro Nacional de Auditores Externos. El correspondiente certificado de inscripciĂłn se otorgarĂĄ una vez que se haya cumplido con el requisito establecido en el artĂculo anterior. COMUNĂ?QUESE.- DADA y firmada en la Intendencia de CompaĂąĂas de Quito, Distrito Metropolitano, a 16 FEB. 2011 Dr. Marcelo Icaza Ponce INTENDENTE DE COMPAĂ‘Ă?AS DE QUITO
BW b_X[hjWZ [ij| Z[djhe Z[ YWZW kde$ IŒbe [b gk[ [i Zk[‹e Z[ i‡ c_ice fk[Z[ Yedi_Z[hWhi[ b_Xh[$
[fj d`c feZ\ )%'(( # [\j[\ cXj ZXkfiZ\ _XjkX cXj [`\Z`fZ_f _fiXj# \e cX J\Zi\kXiˆX [\ \jk\ ;\jgXZ_f# j\ \]\ZklXi} \c i\dXk\ [\c m\_ˆZlcf \dYXi^X[f2 ZlpXj ZXiXZk\iˆjk`ZXj X Zfek`elXZ`�e j\ [\kXccXe1 9%$:XiXZk\iˆjk`ZXj [\c m\_ˆZlcf1 DXiZX1 :?<MIFC<K% K`gf J<;8E% Df[\cf 8M<F <DFK@FE GcXZXj J@E GC8:8J :cXj\%$ 8LKFDFM@C% :fcfi E<>IF 8Œf )%'(' Ef% dfkfi =(-;*,*+)/((% Ef%$:_Xj`j /C8KN,)-,8''+),-:%$ <jkilZkliX%$ GXik\ <ok\ieX%$ <e cX gXik\ \ok\ieX \jk} Zfe cX g`ekliX \e Yl\e \jkX[f# j`e iXjgfe\j e` _le[`d`\ekfj \e \c m\_ˆZlcf2 Zfe cXj ZlXkif ccXekXj \e i\^lcXi \jkX[f# ZX[X leX Zfe jl i\jg\Zk`mf Xif# Zfe jl i\jg\Zk`mX ccXekX [\ \d\i^\eZ`X2 Zfe jlj clZ\j p [`i\ZZ`feXc\j \e Yl\e \jkX[f2 Zfe jlj m\ekXeXj p gXiXYi`jXj \e Yl\e \jkX[f# e`e$ ^leX [\ \ccXj \jk}e ki`jX[Xj2 Zfe jlj Z_XgXj p j\^li`[X[\j \e Yl\e \jkX[f p ]leZ`feXe[f2 j`e jlj gcX$ ZXj [\cXek\iX p gfjk\i`fi2 Zfe jl [fj c`dg`Xm`[i`fj [\cXek\ifj2 Zfe jlj [fj \jg\afj i\kifm`jfi\j p leX Xek\eX2 Zfe le Xc\i�e gfjk\i`fi2 Zfe jl dfkfi \e Yl\e \jkX[f p ]leZ`feXe[f% GXik\ @ek\ieX%$ <e cX gXik\ `ek\ieX \jk} \c kXYc\if \e Yl\e \jkX[f# Zfe jl ^lXek\iX# Zfe Yfkfe\j [\ ZXc\$ ]XZZ`�e# Zfe jl i\jg\Zk`mf iX[`f# Zfe mfcXek\ p gXcXeZX \e Yl\e \jkX[f2 Zfe jlj dfhl\kXj \e i\^lcXi \jkX$ [f2 Zfe cfj Xj`\ekfj p jl kXg`Z\iˆX \e Yl\e \jkX[f# ZX[X lef Zfe jl Z`ekli�e [\ j\^li`[X[ p jl ZXY\qXc2 Zfe cX kXg`Z\iˆX p cfj XZZ\jfi`fj [\ cXj gl\ikXj \e Yl\e \jkX[f2 Zfe cfj gXicXek\j [\ cXj gl\ikXj \e Yl\e \jkX[f2 Zfe ^XkX2 ccXm\j [\ il\[Xj2 Zfe _\iiXd`\ekXj# j`e Yfk`hlˆe2 Zfe i\jg\Zkf X cXj `dgifekXj [\c dfkfi p [\c Z_Xj`j ef k`\e\e e`e$ ^’e gifYc\dX p cfj [ˆ^`kfj hl\ j\ \eZl\ekiXe \e \c m\_ˆZlcf jfe cfj d`jdfj hl\ \jk}e \e cfj [fZld\e$ kfj X[alekfj Xc \og\[`\ek\% B`cfd\kiXa\%$ ()%*,, b`c�d\kifj% ;%$ 8mXc’f [\c M\_ˆZlcf%$ KfdXe[f \e Zfej`[\iXZ`�e# cX g`ekliX# cfj XZZ\jfi`fj# cfj e\ld}k`Zfj# cX ZXiifZ\iˆX# cX kXg`Z\iˆX p \c \jkX[f XZklXc [\c m\_ˆZlcf \c mXcfi j\ \jk`$ dX \e (-%'''#'' LJ; ;@<:@J<@J D@C ;FC8I<J 8D<I@:8EFJ % JFE1 ;@<:@J<@J D@C ;FC8I<J ;< CFJ <JK8;FJ LE@;FJ ;< EFIK<8DyI@:8% Gfi kiXkXij\ [\c gi`d\i j\ŒXcXd`\e$ kf# kf[X gfjkliX [\Y\i} ZlYi`i gfi cf d\efj cXj [fj k\iZ\iXj gXik\j [\c XmXc’f giXZk`ZX[f% 8 ZX[X gfj$ kliX [\Y\i} XZfdgXŒXij\ \c [`\q
gfi Z`\ekf [\c mXcfi [\ cX f]\ikX# \e [`e\if \e \]\Zk`mf p&f \e Z_\$ hl\ Z\ik`]`ZX[f X cX fi[\e [\ \jkX al[`ZXkliX% <c XmXclÂ? [\kXccX[f j\ \eZl\ekiX X ZXi^f [\c j\ÂŒfi ;i% =i\[[p :\[\ÂŒf IfjX[f# ;\gfj`kXi`f Al[`Z`Xc [\ \jk\ ;`jki`kf% Hl`kf# X 0 [\ =\Yi\if [\c )%'(( ;I% ALC@F DLzFQ J<:I<K8I@F ALQ>8;F EFM<EF :@M@C G@:?@E:?8 ?Xp le j\ccf 8%8%&)-+*+ I<GL9C@:8 ;<C <:L8;FI ALQ>8;F M@><J@DF ;< CF :@M@C ;< G@:?@E:?8 8M@JF AL;@:@8C ;< I<D8K< J\ _XZ\ ZfefZ\i Xc gÂ’Yc`Zf \e ^\e\$ iXc# gXiX cfj ]`e\j [\ C\p# hl\ gfi [`jgfj`Z`Â?e [\c Al\q M`^„j`df [\ cf :`m`c [\ G`Z_`eZ_X# [`ZkX[X \e cX ZXljX \a\Zlk`mX Ef% 0)'$'/ <%8%# hl\ \c [ˆX hl\ ZfekXi\dfj al\m\j ZXkfiZ\ [\ XYi`c [\c XÂŒf [fj d`c feZ\# [\j[\ cXj ZXkfiZ\ _XjkX cXj [`\Z`fZ_f _fiXj# \e cX J\Zi\kXiˆX [\ \jk\ ;\jgXZ_f# j\ \]\ZklXi} \c i\dXk\ [\c Y`\e `edl\Yc\# ZlpXj ZXiXZk\iˆjk`ZXj p [\d}j j\ [\kXccXe X Zfek`elXZ`Â?e1 L9@:8:@äE%$ Gifm`eZ`X [\ G`Z_`eZ_X :XekÂ?e Ild`ÂŒX_l` GXiifhl`X JXe^fchlˆ ?XZ`\e[X Ăˆ<c :fik`afÉ 9Xii`Â? JXe Afj„ C@E;<IFJ%$ EFIK<%$ :fe gifg`\[X[ [\c j\ÂŒfi 8ekfe`f EXj`dYX \e gXik\ p ZXd`ef gÂ’Yc`Zf \e fkiX JLI%$ :fe ZXd`ef gÂ’Yc`Zf <JK<%$ ?XZ`\e[X ĂˆCX D\iZ\[É F<JK<%$ :fe i\jkf [\ cX _XZ`\e[X Ăˆ<c :fik`afÉ \e gXik\# p _XZ`\e[X :l\e[`eX \e fkiX2 XdYfj j\Zkfi\j Zfe hl\YiX[X Xc d\[`f p gifg`\[X[ [\c j\ÂŒfi 8ekfe`f EXj`dYX% JLG<I=@:@< KFK8C ;<C K<II<EF1 ,*%0+,%'' D) :8I8:K<IĂ JK@:8J%$ <c `edl\Yc\ ZfejkX [\ k\ii\ef# leX ZXjX p ki\j ZfejkilZZ`fe\j X[`Z`feXc\j% <c K\ii\ef%$ ;\ ]fidX `ii\^lcXi# kfgf^i}]`ZXd\ek\ gcXef \e jl dXpfi gXik\# gfi jl k`gfcf^ˆX j\ \eZl\ekiX lY`ZX[f \e leX qfeX XYjfclkXd\ek\ X^iˆZfcX p ^XeX[\iX# j`e \dYXi^f hl\ gfi jl cfZXc`qX$ Z`Â?e cX ;`i\ZZ`Â?e [\ GcXe`]`ZXZ`Â?e [\c >fY`\ief [\c :XekÂ?e Ild`ÂŒX_l` cf lY`ZX Zfdf }i\X liYXeX# jlj c`e[\ifj j\ _XccXe [\]`e`[fj Zfe Z\iiXd`\ekf [\ XcXdYi\ [\ gÂ’Xj jfYi\ gfjk\j [\ _fid`^Â?e XidX$
CONVOCATORIA A JUNTA GENERAL EXTRAORDINARIA DE SOCIOS DE SEDSE SERVICIO EDUCACIONAL SUIZO ECUATORIANO C. LTDA. Se convoca a los seĂąores socios de SEDSE SERVICIO EDUCACIONAL SUIZO ECUATORIANO C. LTDA., a Junta General Extraordinaria de Socios que se llevarĂĄ a efecto el dĂa viernes 4 de marzo de 2011, a las 9H00 horas, en las oficinas de la compaĂąĂa, ubicadas en la Calle Edmundo Chiriboga N47-133 y Jorge PĂĄez, con el objeto de tratar el siguiente punto del orden del dĂa: 1.
Toma de decisiones respecto de los mecanismos a implementarse por parte de la CompaĂąĂa, sobre las observaciones y conclusiones emitidas por la Superintendencia de CompaĂąĂas, dentro del proceso de intervenciĂłn.
Se convoca en forma especial e individual al Interventor de la CompaĂąĂa, seĂąor Doctor Carlos Mauricio De la Torre Lascano. Quito, 23 de febrero de 2011 Ing. RaĂşl TerĂĄn King Gerente General
AR/81708/cc
AR/81707/cc
[f# Xjˆ Zfdf kXdY`„e Zfe g`e^fj [\ dX[\iX p }iYfc\j [\ \lZXc`gkf# [`jgfe\ [\ X^lX gfkXYc\ Zfe Z`\ikXj c`d`kXZ`fe\j p [\ clq \c„Zki`ZX# \c `e^i\jf cf i\Xc`qX X kiXm„j [\ le gfi$ kÂ?e [\ _`\iif lY`ZX[f Xc d\[`f [\ [fj gXi\[\j [\ g`\[iX p le ZXcc\aÂ?e cXjkiX[f Zfe }iYfc\j [\ \lZXc`gkf p Z`gi„j X cfj [fj ZfjkX[fj p Z\iZXj [\ dX[\iX hl\ Zfe[lZ\ _XjkX cX m`m`\e[X gi`eZ`gXc# \c d`jdf hl\ \j lk`c`qX[f Zfdf XZZ\jf g\XkfeXc p m\_`ZlcXi% :fejkilZZ`Â?e Gi`eZ`gXc%$ K`\e\ cXj j`^l`\ek\j ZXiXZk\iˆjk`ZXj k„Ze`ZXj ZfejkilZk`mXj# cX d`jdX hl\ \jkX [\jXiifccX[X \e leX jfcX gcXekX1 $ :`d`\ekfj1 [\ g`\[iX Zfe ZX[\eX [\ _fid`^Â?e XidX[f p gc`ekfj $ <jkilZkliX [\ _fid`^Â?e XidX[f $ G`jf [\ Z\d\ekf i\ZlY`\ikf [\ gXihl\k p Z\i}d`ZX $ GXi\[\j [\ Ycfhl\ \eclZ`[f `ek\$ i`fi p \ok\i`fid\ek\ Zfe cX[i`ccf m`jkf \e cX ]XZ_X[X gi`eZ`gXc $ Gl\ikXj [\ `e^i\jf [\ dX[\iX p m`[i`f ZXk\[iXc Zfe gifk\ZZ`Â?e [\ _`\iif# `ek\i`fi\j [\ dX[\iX $ M\ekXeXj [\ dX[\iX Zfe m`[i`f ZcXif gifk\ZZ`Â?e [\ _`\iif $ :lY`\ikX [\ \jkilZkliX [\ dX[\iX Zfe k\aX k`gf \k\ie`k# X [fj X^lXj $ :`\cf iXjf [\ dX[\iX m`jkX 8D9@<EK<J$ K`\e\ cfj j`^l`\ek\j1 $ :`eZf [fid`kfi`fj Zfe YXÂŒf $ JXcX Zfd\[fi $ LeX ZfZ`eX $ ?Xcc Z\ekiXc $ [`jki`Yl`[fi $ =`eXc`[X[1 gXiX m`m`\e[X j\ _XccX [\jfZlgX[X j`e e`e^Â’e j\im`Z`f gÂ’Yc`Zf p ljf <jkX[f [\ Zfej\imXZ`Â?e1 ]XckX [\ Zl`[X[f p dXek\e`d`\ekf# \e gifZ\$ jf [\ [\jkilZZ`Â?e Z`\ikXj }i\Xj $ 8i\X [\ ZfejkilZZ`Â?e1 )00#'' d) Alekf X cX ZXjX \e \c j\Zkfi Jli \o`j$ k\ le }i\X X[fhl`eX[X Zfe dfii`j$ Zfj [\ZfiXk`mfj X[\d}j leX XZ\iX X jl Xci\[\[fi $ <e \c cX[f <jk\ j\ fYj\imX cX Zfej$ kilZZ`Â?e [\ le i\j\imfi`f f kXehl\ Zfe dfii`jZfj [\ZfiXk`mfj X jl \ekfief# \c d`jdf hl\ j\ \eZl\ekiX j`e dXek\e`d`\ekf p j\Zf $ <e \c j\Zkfi Jli j\ fYj\imX leX g\hl\ÂŒX ZfejkilZZ`Â?e `eZfeZcljX ZlpX ]`eXc`[X[ _X j`[f gXiX XjX[\if p fkifj j\im`Z`fj [\ k`gf jfZ`Xc# Xjˆ Zfdf kXdY`„e le gXk`f X[fhl`eX[f p }i\X Zfe Z„jg\[ k`gf b`blpf :fejkilZZ`Â?e [\ j\im`Z`f1 K`\e\ cXj j`^l`\ek\j ZXiXZk\iˆjk`ZXj ZfejkilZ$ k`mXj1 $ :`d`\ekfj1 [\ g`\[iX $ <jkilZkliX [\ dX[\iX $ G`jf [\ Z\d\ekf $ GXi\[\j [\ Ycfhl\ \eclZ`[f Zfe ZfcldeXj [\ dX[\iX $ Gl\ikXj [\ dX[\iX $ M\ekXeXj [\ dX[\iX Zfe m`[i`f ZcXif $ :lY`\ikX [\ g`e^fj p \k\ie`k 8D9@<EK<J1 K`\e\ ZlXkif ZlXikfj lk`c`qX[fj gXiX [fj [fid`kfi`fj leX Yf[\^X leX ZfZ`eX X[\d}j [`jgfe\ [\ le j\im`Z`f _`^`„e`Zf1 $ =`eXc`[X[1 gXiX m`m`\e[X [\c Zl`$ [X[fi $ <jkX[f [\ Zfej\imXZ`Â?e1 i\^lcXi $ Ă?i\X [\ ZfejkilZZ`Â?e1 0+%'' d) >8CGFE1 8 le ZfjkX[f [\ cX mˆX [\ XZZ\jf j\ \eZl\ekiX `ejkXcX[f le ^XcgÂ?e Zfe cXj j`^l`\ek\j ZXiXZ$ k\iˆjk`ZXj1 $ :`d`\ekfj [\ g`\[iX $ <jkilZkliX [\ dX[\iX $ G`jf [\ Z\d\ekf $ GXi\[\j [\ Ycfhl\ Zfe g`cXjkiXj [\ dX[\iX $ Gl\ikX gi`eZ`gXc [\ _`\iif Zfe dX[\iX $ M\ekXeXj [\ dX[\iX Zfe m`[i`f ZcXif p gifk\ZZ`Â?e [\ _`\iif $ :lY`\ikX [\ \jkilZkliX [\ g`e^fj Zfe q`eZ $ 8dY`\ek\j1 ;`jgfe\ [\ le ZlXikf# [fj YXÂŒfj p leX }i\X Xdgc`X $ =`eXc`[X[1 gXiX Yf[\^X $ <jkX[f [\ Zfej\imXZ`Â?e1 i\^lcXi $8i\X [\ ZfejkilZZ`Â?e1 )()%'' d) Xc ]i\ek\ j\ gl\[\ fYj\imXi le gXk`f \eZ\d\ekX[f [\ ,( d) Xgifo`dX[Xd\ek\ % :898CC<I@Q81 K`\e\ cXj j`^l`\ek\j ZXiXZk\iˆjk`ZXj ZfejkilZk`mXj1 $ :`d`\ekfj [\ g`\[iX $ <jkilZkliX [\ dX[\iX $ G`jf [\ Z\d\ekf j`e ZfeZcl`i $ GXi\[\j [\ Ycfhl\# `ek\i`fi gXik\ \eclZ`[X $ Gl\ikXj [\ dX[\iX $ :lY`\ikX [\ \jkilZkliX [\ g`e^fj Zfe q`eZ CX ZXgXZ`[X[ [\ \jkX ZfejkilZZ`Â?e \j gXiX ZlXkif Xe`dXc\j% $ =`eXc`[X[1 gXiX ZXYXcc\i`qX $ <jkX[f [\ Zfej\imXZ`Â?e1 i\^lcXi $ 8i\X [\ ZfejkilZZ`Â?e1 .*#.' d) LJF ;<C JL<CF%$ 8 dXj [\ cXj ZfejkilZZ`fe\j `eZfigfiX[Xj [\e$ kif [\ \jk\ Y`\e `edl\Yc\# j\ gl[f \jkXYc\Z\i hl\ cX dXpfi gXik\ [\ cX jlg\i]`Z`\ [\ \jk\ k\ii\ef# j\ \eZl\ekiX Zfe gi\j\eZ`X [\ gfki\ifj [`m`[`[fj Zfe gXjkf eXkl$ iXc k`gf b`blpf \c d`jdf hl\ \j ZXiXZk\iˆjk`Zf [\ cX qfeX# X[\d}j j\ k`\e\ le ZXcc\aÂ?e cXjkiX[f Zfe }iYfc\j [\ \lZXc`gkf p Z`gi„j X cfj [fj ZfjkX[fj# \c d`jdf hl\ m`\e\ [\j[\ \c gfikÂ?e [\ `e^i\jf _XjkX cX m`m`\e[X gi`eZ`gXc2 \o`jk\e leX Zfe$ j`[\iXYc\ jlg\i]`Z`\ [\ k\ii\ef hl\ j\ \eZl\ekiX XiX[X j`e e`e^Â’e k`gf [\ j\dYiˆfj# ]`eXcd\ek\ j\ gl[f ZfejkXkXi le gfikÂ?e [\ _`\iif Zfe dlifj [\ g`\[iX p [fj ZfcldeXj [\ _fid`^Â?e XidX[f hl\ j\ \eZl\ekiX
g Ĺ? ĂăĹ? Ĺ? Ĺ? Ĺ?Ä‚Ä€Ä Ä
Ĺ? +. Ĺ? ÄŒĹ? cfZXc`qX[f alekf X cX hl\YiX[X [\c j\Zkfi Jli% <o`jk\ \e [`]\i\ek\j j\Z$ kfi\j g\hl\ÂŒfj Yfjhl\j [\ i\kfÂŒfj [\ \lZXc`gkf% CF:8C@Q8:@äE%$ <jk\ gi\[`f j\ \eZl\ekiX cfZXc`qX[f Xc cX[f Z\ekif fi`\ek\ [\ cX gXiifhl`X [\ JXe^fchlˆ# X le b`cÂ?d\kif aljkf [\ cX mˆX gi`eZ`gXc p Xj]XckX[X hl\ Zfe[lZ\ X cX gXiifhl`X [\ 8dX^lXÂŒX# Zfej`[\iXe[f hl\ \c gfYcX[f d}j Z\iZXef j\ \eZl\ekiX Xgifo`dX[Xd\ek\ X ki\j b`cÂ?d\kifj [\ [`jkXeZ`X% : 8 I 8 : K < I Ă J K @ : 8 J 8>IFCF>@:8J1 <jkX ]fidXZ`Â?e m\^\kXc f qfeX eXkliXc Zfii\jgfe[\ X 9fjhl\ ?Â’d\[f DfekXef 9Xaf Y_$D9 \c d`jdf hl\ j\ \eZl\e$ kiX \e cfj mXcc\j `ek\iXe[`efj Zfe dXpfi _ld\[X[ p dXj f d\efj X cX d`jdX XckliX \eki\ )''' X )/'' djed# ZlpXj ZXiXZk\iˆjk`ZXj Zc`d}k`ZXj \e \jkX ]fidXZ`Â?e jfe k\dg\iXkliX d\[`X XelXc \eki\ () p (/ —: p gi\Z`g`kXZ`Â?e d\[`X XelXc \eki\ (''' p )''' dd [\ cclm`X# \c k`gf [\ jl\cf Zfii\jgfe[\ X leX k\o$ kliX ]iXeZf XiZ`ccfjX c`dfjX# \jkfj mXcc\j gi\j\ekXe leX kfgf^iX]ˆX i\cXk`mXd\ek\ gcXeX f c`^\iXd\ek\ fe[lcX[X hl\ g\id`k\ jl Xgifm\$ Z_Xd`\ekf X^iˆZfcX f ^XeX[\if% CX dXpfi `dgfikXeZ`X [\ lk`c`qXZ`Â?e [\ cX qfeX iX[`ZX \e cfj gXjkfj XYle$ [Xek\j p [\ Yl\eX ZXc`[X[# g\if \e cX XZklXc`[X[ \o`jk\e ^iXe[\j \jgXZ`fj [\jk`eX[fj X cfk`qXZ`fe\j kf[XmˆX j`e gi\j\eZ`X [\ ZfejkilZ$ Z`fe\j _XY`kXZ`feXc\j I@<J>FJ G FK < E : @ 8 C < J E8KLI8C<J MfcZ}e`Zfj1 J` :fkfgXo` J`jdfj1 I\^`jkif [\ d\[`f X Xckf @ele[XZ`Â?e1 Ef <EKFIEF <:FEFD@:F P LI98EF <jkX \j leX qfeX [\ [\jXiifccf liYX$ ef# kliˆjk`Zf# X^ifg\ZlXi`f# gl\j k`\e\ le Z\ekif gfYcX[f [\ `dgfi$ kXek\ [\jXiifccf kliˆjk`Zf Zfdf \j cX Z`l[X[ [\ JXe^fchlˆ d}j fkifj gfYcX[fj Z\iZXefj X \jk\ cl^Xi I<; M@8C <ok\ieX1 CX [\jZi`kX Xek\i`fi$ d\ek\ :<I:8J @ek\ieXj1 ;\jZi`kXj Xek\i`fid\ek\ KI8EJGFIK<J CXj hl\ kiXej`kXe gfi cXj ZXii\k\iXj JXe^fchlˆ$8dX^lXÂŒX f m`Z\m\ijX _XjkX cX Z`l[X[ Hl`kf J<IM@:@FJ :FE HL< :L<EK8 Cfj [\jZi`kfj Xek\i`fid\ek\ ><E<I8C@;8;<J ;<C 8M8CLä K`gf [\ XmXcÂ’f1 :fd\iZ`Xc $ [\ i\Xc`qXZ`Â?e =\Z_X [\ `ejg\ZZ`Â?e1 * [\ j\gk`\d$ Yi\ )'(' =\Z_X [\ gi\j\ekXZ`Â?e `e]fid\1 . [\ j\gk`\dYi\ )'(' 8[alekf leX Zfg`X ]fkfjk}k`ZX [\c :\ik`]`ZX[f [\ efidXj gXik`ZlcXi\j [\c Dle`Z`g`f [\ Ild`ÂŒX_l`% M8CFI<J I<=<I<E:@8C<J G8I8 <C DyKF;F :FDG8I8K@MF Ef2 GIFG@<K8I@F2 Ă K<DJ2 8I<8 D)2 M8CFI<J D) ;FC8I<J2 DyKF;F ;< :FEJLCK8 (2 JiX% ?fc^lˆe2 K\ii\ef2 -,'''2 (,2 M\e[\[fi )2 Cfk`qXZ`Â?e p fkifj2 K\ii\ef2 ((, cfk\j2 ('2 8 cfj Xci\[\[fi\j *2 Dle`Z`g`f [\ Ild`ÂŒX_l`2 K\ii\ef \e c`k`j2 ,*%0+,#'' d)2 -2 :fejlckX [`i\ZkX M8CFI D) GFI J<:KFI ?FDF><E<F2 ('%** FYj\imXZ`Â?e1 ;Xkfj fYk\e`[fj d\[`Xek\ \eZl\jkX [`i\ZkX EfkX1 \j e\Z\jXi`f [\aXi ZfejkXe$ Z`X1 Hl\ \c d\iZX[f \e cX qfeX \e ZlXekf X gcljmXcˆX \j \jkXYc\ Zfe Z`\ikX k\e[\eZ`X X cX YXaX gfi Xlj\eZ`X [\ [\dXe[X# gfi ZlXekf dfiX[fi\j [\c cl^Xi ZfefZ\[fi\j [\ \jk\ gXik`ZlcXi gfi dlZ_fj Xek\$ Z\[\ek\j Xc i\jg\Zkf# Zfej`[\iXe hl\ \c gi\Z`f \e \c j\Zkfi \jk} \eki\ / X (' [Â?cXi\j f d}j YXaf Zfdf j\ÂŒXcX \c Dle`Z`g`f% M8CFI8:@äE K<II<EF P :FEJKIL::@FE<J ;<J:I@G:@äE2 JLG<I=@:@< \e d\kifj ZlX[iX[fj2 M8CFI gfi d\kif ZlX[iX[f2 KFK8C ;FC8I<J K\ i i\ e f 2 ,*%0+,#' ' 2 (' 2 ,*0%+,'#'' :fejkilZZ`Â?e Gi`eZ`gXc2 )00#''2 (-'2 +.%/+'#'' :fejkilZZ`Â?e :l`[X[fi2 0+#''2 ,'2 +%.''#'' >XcÂ?e2 )()#''2 ,'2 ('%-''#'' :XYXcc\i`qX2 .*%.'2 ,'2 *%-/,#'' KFK8C2 -'-%).,#'' JFE1 J<@J :@<EKFJ J<@J D@C ;FJ:@<EKFJ J<K<EK8 P :@E:F ;FC8I<J 8D<I@:8EFJ% Gfi kiXkXij\ [\c gi`d\i j\ÂŒXcX$ d`\ekf \e iXqÂ?e [\ cX hl`\YiX [\c i\dXk\# kf[X gfjkliX [\Y\i} ZlYi`i gfi cf d\efj cXj [fj k\iZ\iXj gXik\j [\c XmXcÂ’f giXZk`ZX[f% 8 ZX[X gfj$ kliX [\Y\i} XZfdgXÂŒXij\ \c [`\q gfi Z`\ekf [\c mXcfi [\ cX f]\ikX \e [`e\if \e [`e\if \e \]\Zk`mf \e
Ĉ
Z_\hl\ Z\ik`]`ZX[f X cX fi[\e [\ \jkX Al[`ZXkliX% <c Y`\e [\kXccX[f j\ \eZl\ekiX X ZXi^f [\c CZ[f% JXÂ’c M`el\qX G„i\q% Hl`kf# (/ [\ ]\Yi\if [\c )'((% ;I% >8CF 98<Q A8@D< J<:I<K8I@F ?Xp ]`idX p j\ccf 8:&./'((&XY C8 I<GL9C@:8 ;<C <:L8;FI ALQ>8;F J<>LE;F ;< CF :@M@C ;< G@:?@E:?8 8M@JF ;< I<D8K< AL@:@F <A<:LK@MF Ef '+++$ )'',$?%> ;<GFJ@K8I@F AL;@:@8C1 ;I% ALC@F >FI;@CCF J< GFE< <E :FEF:@D@<EKF ;<C GL9C@:F <E ><E<I8C HL< <C ;Ă 8 D@<I:FC<J '- ;< 89I@C ;<C ;FJ D@C FE:< ;<J;< C8J :8KFI:< ?FI8J ?8JK8 C8J ;@<:@F:?F ?FI8J <E C8 J<:I<K8IĂ 8 ;< <JK8 AL;@:8KLI8 J< CC<M8IĂ? 8 <=<:KF <C I<D8K< ;<C J@>L@<EK< 9@<E @EDL<9C<1 L9@:8:@äE <c Y`\e `edl\Yc\ j\ \eZl\ekiX lY`ZX[f \e1 :Xcc\ Ăˆ8É EÂ’d\if1 J&E @ek\ij\ZZ`Â?e1 >\fmXee` :Xcc\j CXjZXef :fealekf ?XY`kXZ`feXc1 Cfj ZcX$ m\c\j GXiifhl`X1 :Xc[\iÂ?e :XekÂ?e1 Hl`kf Gifm`eZ`X2 G`Z_`eZ_X :cXm\ ZXkXjkiXc1 Ef% (**(,$',$''( Gi\[`f1 Ef% --.-'' K@GF ;< @EDL<9C< :fejkX [\1 ;\gXikXd\ekf ;Â’gc\o (, G9# Zfe XcˆZlfkX [\ (%,. 2 ;Â’gc\o (, G8# Zfe XcˆZlfkX [\ (%,. 2 GXk`f =ifekXc ;GO (,# Zfe cX XcˆZlfkX [\ '%+, 2 GXk`f Gfjk\i`fi ;GO (,# Zfe cX XcˆZlfkX [\ '#*' # Zfe cX XcˆZlfkX kfkXc [\ *%/0 p# <jkXZ`feXd`\ekf (, Zfe cX XcˆZlfkX [\ '%(- # hl\ ]fidXe gXik\ [\c :fealekf ?XY`kXZ`feXc Cfj :cXm\c\j [\ cX gXiifhl`X :Xc[\iÂ?e% C@E;<IFJ ;LGC<O (, G91 :fe cX XcˆZlfkX [\ (%,. EFIK<1 J\`j d\kifj ki\`ekX Z\e$ kˆd\kifj Zfe gXk`f ]ifekXc [Â’gc\o hl`eZ\ JLI1 <e j\`j d\kifj ki\`ekX Z\e$ kˆd\kifj Zfe gXk`f gfjk\i`fi G;O hl`eZ\ <JK<1 <e j`\k\ d\kifj Z`eZl\ekX Z\ekˆd\kifj Zfe [Â’gc\o [`\q p j\`j G9 F<JK<1 <e Z\if d\kifj efm\ekX Z\ekˆd\kifj Zfe gXk`f ]ifekXc ;GO hl`eZ\# j\`j d\kifj j\j\ekX Z\ekˆ$ d\kifj Zfe [Â’gc\o ZXkfiZ\ G9# 8II@981 <e ZlXi\ekX p ki\j d\kifj ZlX[iX[fj Zfe [Â’gc\o hl`eZ\ G8 898AF1 <e ZlXi\ekX p ki\j d\kifj ZlX[iX[fj Zfe jl\cf ]`id\ Ă?I<8 4 +*%''d)% ;LGC<O (, G81 :fe cX XcˆZlfkX [\ (%,. EFIK<1 J\`j d\kifj ki\`ekX Z\e$ kˆd\kifj Zfe gXk`f ]ifekXc ;GO hl`eZ\ JLI1 <e j\`j d\kifj ki\`ekX Z\e$ kˆd\kifj Zfe gXk`f gfjk\i`fi G;O hl`eZ\ <JK<1 <e j`\k\ d\kifj Z`eZl\ekX Z\ekˆd\kifj Zfe ;GO $[`\q p j\`j G8 F<JK<1 <e Z\if d\kifj efm\ekX Z\ekˆd\kifj Zfe gXk`f ]ifekXc ;GO hl`eZ\# j\`j d\kifj j\j\ekX Z\ekˆ$ d\kifj Zfe ;GO $ZXkfiZ\ G8 8II@981 <e ZlXi\ekX p ki\j d\kifj ZlX[iX[fj Zfe k\iiXqX `eXZZ\j`Yc\ 898AF1 <e ZlXi\ekX p ki\j d\kifj ZlX[iX[fj Zfe [Â’gc\o hl`eZ\ G9 Ă?I<8 +*%''d)% G8K@F =IFEK8C ;GO (,1 :fe Xcˆ$ ZlfkX [\ '%+, EFIK<1 J\`j d\kifj ki\`ekX Z\ekˆ$ d\kifj Zfe Z`iZlcXZ`Â?e g\XkfeXc JLI1 <e j\`j d\kifj ki\`ekX Z\ekˆ$ d\kifj Zfe ;GO hl`eZ\ G9 <JK<1 <e ki\j d\kifj fZ_\ekX Z\ekˆd\kifj Zfe gXk`f ]ifekXc ;GO [`\q p j\`j F<JK<2 <e ZlXkif d\kifj j\k\ekX Z\ekˆd\kifj Zfe gXk`f ]ifekXc ;GO ZXkfiZ\ 8II@981 <e m\`ek\ p j`\k\ d\kifj ZlX[iX[fj fZ_\ekX p Z`eZf Z\ekˆ$ d\kifj ZlX[iX[fj Zfe X`i\ 898AF1 <e m\`ek\ p j`\k\ d\kifj ZlX[iX[fj fZ_\ekX p Z`eZf Z\ekˆ$ d\kifj Zfe jl\cf ]`id\ Ă?I<8 ).%/, d)% G8K@F GFJK<I@FI1 :fe XcˆZlfkX [\ '%*' EFIK<1 J\`j d\kifj ki\`ekX Z\ekˆ$ d\kifj Zfe ;GO hl`eZ\ G9 Z\d\ekf2 Gl\ikXj1 DX[\iX gXe\$ cX[X Zfe jlj i\jg\Zk`mfj Z\iifafj2 M\ekXeXj1 8cld`e`f p m`[i`f ZcXif2 >iX[X1 [\ _fid`^Â?e XidX[f2 8ZZ\jfi`fj1 Dl\Yc\j [\ dX[\iX Xckfj p YXafj# d\jÂ?e cXmXgcXkfj2 @ejkXcXZ`fe\j jXe`kXi`Xj1 `ef[fifj
Ĺ? Ĺ?
Ĺ?
Ĺ? Ĺ?
Ĺ?
ĉ
g Ĺ? ĂăĹ? Ĺ? Ĺ? Ĺ?Ä‚Ä€Ä Ä
Ĺ? +. Ĺ? ÄŒĹ?
p cXmXdXefj k`gf eXZ`feXc\j# `ejkX$ cXZ`fe\j [\ X^lX ]iˆX p [\jX^•\j [\ GM: ji` Yl\e \jkX[f1 @ejkXcXZ`fe\j \c„Zki`ZXj1 <dgfkiX[Xj p i\Xc`qX$ [Xj kfkXcd\ek\2 DXek\e`d`\ekf1 <e Yl\e \jkX[f @E=I8<JKIL:KLI8 Gè9C@:8 :l\ekX Zfe cfj j\im`Z`fj Y}j`Zfj [\1 8^lX gfkXYc\# XcZXekXi`ccX[f jXe`$ kXi`f# \e\i^ˆX \c„Zki`ZX# k\c„]fef# ZXcc\j [\ k`\iiX# XZ\iXj p Yfi[`ccfj [\ Z\d\ekf# i\Zfc\ZZ`Â?e [\ YXjliX# kiXejgfik\ gÂ’Yc`Zf# \kZ# :C8J@=@:8:@äE ;<C J<:KFI <EKFIEF1 LY`ZX[X Xc Efik\ [\ Hl`kf# Zl\ekX Zfe j\im`Z`fj YXeZX$ i`fj# \[lZXZ`Â?e# jXcl[# d\iZX[fj# Z\ekifj Zfd\iZ`Xc\j# }i\Xj i\Zi\X$ k`mXj# \kZ% K@GF ;< C8 QFE81 <e gifZ\jf [\ Zfejfc`[X[X I<; M@8C1 K\e\dfj mˆXj [\ cX kiXdX liYXeX M8CFI8:@äE ;< C8 GIFG@<;8; ;<J:I@G:@äE 2 Ă?I<8 d)%2 GI<:@F GFI d)%2 KFK8C LJ;% K<II<EF2 (*,%0(2 +,%''2 -%((,#0, :FEJKIL::@äE2 (*)%.,2 )''%''2 )-#,,'%'' KFK8C1 LJ;% *)#--,%0, JFE1 KI<@EK8 P ;FJ D@C J<@J:@<EKFJ J<J<EK8 P :@E:F :FE 0,&('' ;äC8I<J ;< CFJ <JK8;FJ LE@;FJ ;< 8DyI@:8 % J< I<:@9@IĂ?E GFJKLI8J HL< :L9I8E C8J ;FJ K<I:<I8J G8IK<J ;<C 8M8CLF GFI K I8K8 I J < ;< G I @ D < I J<z8C8D@<EKF% CF HL< :FDLE@:F 8C GL9C@:F <E ><E<I8C G8I8 CFJ I<JG<:K@MFJ =@E<J ;< C<P% ;i% AlXe >XccXi[f H% J<:I<K8I@F ?Xp ]`idX p j\ccf 8:&..00(&XX
J<E8>L8 J<:I<K8I@8 E8:@FE8C ;<C 8>L8 ;<D8I:8:@FE ?@;IF>I8=@:8 ;< <JD<I8C;8J QFE8C HL@KF I [\c < :@K8:@FE 8 CFJ J<zFI<J LJL8I@FJ :FEF:@;FJ F EF ;< C8J M<IK@<EK<J ;< 8>L8 GIFM<E@<EK<J ;< CFJ 8=CFI8D@<EKFJ HL< ;@J:LII<E GFI C8 GIFG@<;8; ;<C ;I% ><FI>< CL@J :ILQ 98I8?FE8 P ;< C8J 8>L8J HL< 98A8E GFI LE I@8:?L<CF @EEFD@E8;F HL< ;<J<D9F:8E <E <C I@F :?8?L8IP8:L# L9@:8;FJ <E <C J<:KFI D@CG<# :8EKFE J8E D@>L<C ;< CFJ 98E:FJ# GIFM@E:@8 ;< G@:?@E:?8% <OKI8:KF 8:KFI1 ;i% >\fi^\ Cl`j :ilq 9XiX_feX F9A<KF ;< C8 JFC@:@KL;1 :feZ\j`�e [\c [\i\Z_f [\ Xgifm\$ Z_Xd`\ekf [\ cXj X^lXj p j\im`[ld$ Yi\j# gifm\e`\ek\j [\ cXj m\ik`\ek\j `eefd`eX[Xj# gXiX ljf [fd„jk`Zf# YXŒf cf^`X p \Zfkli`jdf% ;\ekif [\c Ki}d`k\ Ef% *0+0$)'(' j\ _X [`\kX[f cX j`^l`\ek\ gifm`$ [\eZ`X1 J < : I < K8 I @ 8 E 8 : @ F E 8 C ;<C 8>L8%$ ;<D8I:8:@FE ?@;IF>I8=@:8 ;< <JD<I8C;8J QFE8C HL@KF%$ Ki}d`k\ Ef% *0+0$ (' :j% GDG ;D Hl`kf# )' [\ \e\if [\c )'((# X cXj '0_''%$ 8mfZf ZfefZ`d`\ekf [\c gi\j\ek\ ki}d`k\ \e m`ikl[ [\ _XY\i j`[f efdYiX[f :ffi[`eX[fi I\^`feXc <eZXi^X[f [\ cX ;\dXiZXZ`�e ?`[if^i}]`ZX [\ <jd\iXc[Xj# d\[`Xek\ XZZ`�e [\ g\ijfeXc Ef% (-'.'' [\ (/ [\ \e\if [\c )'((%$ Hl\ d\[`Xek\ 8Zl\i[f D`e`jk\i`Xc Ef% )''0$+- \og\[`[f \c (* [\ efm`\dYi\ [\ )''0# j\ Zi\X cX ;\dXiZXZ`�e ?`[if^i}]`ZX [\ <jd\iXc[Xj%$ Hl\ d\[`Xek\ 8Zl\i[f D`e`jk\i`Xc Ef% )''0$+/ [\ + [\ [`Z`\dYi\ [\c )''0# j\ \og`$ [\ \c <jkXklkf Fi^}e`Zf [\ >\jk`�e Fi^Xe`qXZ`feXc gfi GifZ\jfj [\ cX J\Zi\kXi`X EXZ`feXc [\c 8^lX $ J<E8>L8% <e cf gi`eZ`gXc1 CX jfc`$ Z`kl[ [\ ZfeZ\j`�e [\ le [\i\Z_f [\ Xgifm\Z_Xd`\ekf [\ cXj X^lXj p j\im`[ldYi\j gi\j\ekX[f gfi \c ;i% >\fi^\ Cl`j :ilq 9XiX_feX gifg`\$ kXi`f [\c `edl\Yc\ Zfdf ZfejkX [\ cX \jZi`kliX g’Yc`ZX gifkfZfc`qX[X \e cX EfkXi`X Ki`^„j`dX Gi`d\iX [\c :Xek�e Hl`kf# \c *( [\ \e\if [\c )'', \ `ejZi`kX \e \c I\^`jkif [\ cX Gifg`\[X[ [\c ZXek�e JXe D`^l\c [\ cfj 9XeZfj \c )+ [\ ]\Yi\if [\c )'',# `edl\Yc\ hl\ Zl\ekX Zfe ()%.' _\Zk}i\Xj# lY`ZX[f \e \c j\Zkfi [\ D`cg\# :Xek�e JXe D`^l\c [\ cfj 9XeZfj# gifm`eZ`X [\ G`Z_`eZ_X% ;\ekif [\c `edl\Yc\ eXZ\e ZlXkif m\ik`\ek\j g\hl\ŒXj# i\Zlijf _ˆ[i`Zf hl\ j\i} lk`c`qX[X gXiX Zfejldf _ldXef p j\im`Z`f [\ _fk\c\iˆX# Xjˆ Zfdf [\ le g\hl\Œf
i`XZ_l\cf hl\ j\ j\ZX ZXj` \e jl kfkXc`[X[ \e m\iXef p hl\ XkiXm`\jX d` gifg`\[X[# \j Xc`d\ekX[f gfi leX j\i`\ [\ g\hl\ŒXj m\ik`\ek\j hl\ eXZ\e kXekf \e cX gifg`\[X[ [\ cX j\ŒfiX <cj` DXiˆe p cX d` gifg`\[X[# cX d`jdX hl\ Xc`d\ekX X d\[`[X hl\ YXaX X [\j\dYfZXi \e \c iˆf :_X^lXiZXZl# i\Zlijf _ˆ[i`Zf hl\ j\i} lk`c`qX[f gXiX \Zfkli`jdf p YXŒf cf^`X# \e \c ZXl[Xc hl\ \c j\Œfi g\i`kf [\k\id`e\# Zˆk\j\ X cX j\ŒfiX <cj` DXiˆe Zfc`e[Xek\ [\ d` gi\[`f p hl\ kXdY`„e lk`c`qX [`Z_f i\Zlijf _ˆ[i`Zf% 8k\e[`\e[f cf jfc`Z`kX[f \jkX 8lkfi`[X[ [`jgfe\1 (%$ 8Z\gkXi X ki}d`k\ cX gi\j\ek\ jfc`Z`kl[ [\ ZfeZ\j`�e [\ le [\i\$ Z_f [\ Xgifm\Z_Xd`\ekf [\ X^lXj p j\im`[ldYi\j# gfi j\i ZcXiX p i\le`i cfj i\hl`j`kfj \jkXYc\Z`[fj \e \c 8ik% /- [\ cX :f[`]`ZXZ`�e [\ cX C\p [\ 8^lXj% )%$ ;\ Zfe]fid`[X[ X cf \jkXYc\Z`[f \e \c 8ik% /. [\ cX :f[`]`ZXZ`�e [\ cX C\p [\ 8^lXj# Zˆk\j\ X cfj ljlXi`fj ZfefZ`[fj f ef# [\ cXj X^lXj [\ ZlpX ZfeZ\j`�e j\ jfc`Z`kX# Zfe cX glYc`ZXZ`�e gfi cX gi\ejX <c K\c„^iX]f# CX ?fiX# <@ :fd\iZ`f# <c ?fp f Lck`dXj Efk`Z`Xj [\c \okiXZkf [\ cX jfc`$ Z`kl[ p \jkX gifm`[\eZ`X# gfi ki\j m\Z\j# d\[`Xe[f [\ leX X fkiX \c gcXqf [\ fZ_f [ˆXj% *%$ :ˆk\j\ X cX j\ŒfiX <cj` DXiˆe# Xjˆ Zfdf ]ˆa\j\ ZXik\c\j [liXek\ ki\`ekX [ˆXj# \e ki\j [\ cfj cl^Xi\j d}j ]i\Zl\ekX[fj [\ cX ali`j[`ZZ`�e [\c j\Zkfi D`cg\# :Xek�e JXe D`^l\c [\ cfj 9XeZf# Gifm`eZ`X [\ G`Z_`eZ_X# gXiX \c Zldgc`d`\ekf [\ [`Z_X [`c`^\eZ`X j\ i\d`k\ Xk\ekX Zfd`j`�e c`YiX[X Xc j\Œfi A\]\ Gfcˆk`Zf [\ [`Z_X cfZXc`[X[% +% Cfj X[d`e`jkiX[fj i\k`iXi}e [\ \jkX ;\dXiZXZ`�e ?`[if^i}]`ZX [\ <jd\iXc[Xj QfeXc Hl`kf \c \okiXZkf p cX Zfd`j`�e c`YiX[X gXiX cX ]`aXZ`�e [\ ZXik\$ c\j2 p# Z`kXZ`fe\j Zfii\jgfe[`\ek\j% K„e^Xj\ \e Zl\ekX cfj e’d\ifj k\c\]�e`Zfj '0./(''0+# ))+.$,+0 p **0'+(* gXiX gfjk\i`fi\j efk`]`$ ZXZ`fe\j# X^i„^l\j\ Xc \og\[`\ek\ cX [fZld\ekXZ`�e ZfejkXek\ \e (0 ]faXj% ;\ Zfe]fid`[X[ Zfe \c d\dfiXe[f Ef% :>8A8$'.(+ [\c )- [\ FZklYi\ [\c )'('# XZk’\ \c ;i% GXki`Z`f Dfek\e\^if GX[`ccX Zfdf J\Zi\kXi`f 8[$?fZ \e \c gi\j\ek\ ki}d`k\% EFK@=@HL<J< %%%% ] @e^% Afi^\ ?ldY\ikf [\c Gfqf J}eZ_\q# :FFI;@E8;FI I<>@FE8C ;< C8 ;<D8I:8:@FE ?@;IF>I8=@:8 ;< <JD<I8C;8J < % Cf hl\ Zfdle`Zf X Ljk\[ gXiX cfj ]`e\j [\ C\p%$ :<IK@=@:F% ;i% GXki`Z`f Dfek\e\^if GX[`ccX J<:I<K8I@F 8;$?F: ?Xp le j\ccf 8%8%&)-*-, J<:I<K8I@8 E8:@FE8C ;<C 8>L8 ;<D8I:8:@FE ?@;IF>I8=@:8 ;< <JD<I8C;8J QFE8C HL@KF I% ;<C < :@K8:@FE 8 CFJ J<zFI<J LJL8I@FJ :FEF:@;FJ F EF# 8 C8J 8>L8J GIFM<E@<EK<J ;< C8 M<IK@<EK< @EEFD@E8;8 C8 :L8C E8:< <E C8 GIFG@<;8; ;<C ;I% D8EFCF :8II@CCF E8M8II<K# :8L;8C 8GIFO@D8;F , C&J# L9@:8;8 <E <C J<:KFI ;< K8E;8P8G8# G8IIFHL@8 E8E<>8C@KF# :8EKFE HL@KF# GIFM@E:@8 ;< G@:?@E:?8% <OKI8:KF 8:KFI1 ><FI>< CL@J :ILQ 98I8?FE8 F9A<KF ;< C8 JFC@:@KL;1 :feZ\j`�e [\c [\i\Z_f [\ Xgifm\$ Z_Xd`\ekf [\ cXj X^lXj p j\im`[ld$ Yi\j# \e le ZXl[Xc Xgifo`dX[f [\ , c&j# gXiX Zfejldf _ldXef f ljf [fd\jk`Zf% ;\ekif [\c Ki}d`k\ Ef% *0).$)'(' :j GDG j\ _X [`ZkX[f cX j`^l`\ek\ gifm`[\eZ`X1 J < : I < K8 I @ 8 E 8 : @ F E 8 C ;<C 8>L8%$ ;<D8I:8:@FE ?@;IF>I8=@:8 ;< <JD<I8C;8J QFE8C HL@KF%$ Ki}d`k\ Ef% *0).$(' :j GDG ;D Hl`kf# '* [\ ;`Z`\dYi\ [\c )'('# X cXj '0_*'%$ <e cf gi`eZ`gXc1 8mfZf ZfefZ`d`\ekf [\c gi\j\ek\ ki}d`$ k\ \e m`ikl[ [\ _XY\i j`[f efd$ YiX[f :ffi[`eX[fi I\^`feXc [\ cX ;\dXiZXZ`�e ?`[if^i}]`ZX [\ <jd\iXc[Xj# d\[`Xek\ XZZ`�e [\ g\ijfeXc Ef% (-'*+. [\ '0 [\ X^fj$ kf [\c )'('% Hl\ d\[`Xek\ 8Zl\i[f D`e`jk\i`Xc Ef% )''0$+- \og\[`[f \c (* [\ efm`\dYi\ [\ )''0# j\ Zi\X cX ;\dXiZXZ`�e ?`[if^i}]`ZX [\ <jd\iXc[Xj%$ Hl\ d\[`Xek\ 8Zl\i[f D`e`jk\i`Xc Ef% )''0$+/ [\ + [\ [`Z`\dYi\ [\c )''0# j\ \og`$ [\ \c <jkXklkf Fi^}e`Zf [\ >\jk`�e Fi^Xe`qXZ`feXc gfi GifZ\jfj [\ cX J\Zi\kXi`X EXZ`feXc [\c 8^lX$ J<E8>L8% <e cf gi`eZ`gXc1 cX jfc`$ Z`kl[ [\ ZfeZ\j`�e [\ le [\i\Z_f
Ĺ?
[\ Xgifm\Z_Xd`\ekf [\ X^lXj p j\i$ m`[ldYi\j# gi\j\ekX[f gfi \c j\ÂŒfi ><FI>< CL@J :ILQ 98I8?FE8# XZklXc gifg`\kXi`f [\ le cfk\ [\ k\ii\ef [\ Xgifo`dX[Xd\ek\ .#+' _\Zk}i\Xj# j\^Â’e j\ [\jgi\e[\ [\ cX <jZi`kliX [\ :fdgiX M\ekX# gif$ kfZfc`qX[X \e cX EfkXi`X M`^„j`df J\^le[X [\c ;i% =XY`}e JfcXef G% \ @ejZi`kX \e \c i\^`jkif [\ cX Gifg`\[X[ [\c :XekÂ?e Hl`kf# \c *' [\ dXiqf [\c )'',# `edl\Yc\ hl\ Zfii\jgfe[\ X cX ali`j[`ZZ`Â?e [\c J\Zkfi K8E;8P8G8# gXiifhl`X EXe\^Xc`kf# :XekÂ?e Hl`kf# gifm`eZ`X [\ G`Z_`eZ_X% <e [`Z_f `edl\Yc\ j\ _X \[`]`ZX[f leX ZfejkilZZ`Â?e k`gf _fk\c hl\ \e jl d}o`df ]leZ`feX$ d`\ekf [Xi} _fjg\[Xa\ X ('' g\ijf$ eXj# gXiX [`Z_f ]leZ`feXd`\ekf j\ i\hl`\i\ [\ le ZXl[Xc Xgifo`dX[f [\ , c&j hl\ j\ cf lk`c`qXi} gXjf ljf _ldXef f Zfejldf [fd\jk`Zf# i\Zlijf _ˆ[i`Zf hl\ j\i} kfdX[f [\ cfj i\dXe\ek\j [\ cX m\ik`\ek\ `eefd`eX[X \o`jk\ek\ \e \c \oki\df F\jk\ [\ cX gifg`\[X[ [\c j\ÂŒfi ;i% DXefcf :Xii`Â?e EXmXii\k\# gXiX _XZ\i \]\Zk`mf \c ljf [\ \jk\ i\Zlijf j\ [\Y\i} ZfeZ\[\i j\im`[ldYi\j [\ gXjf gfi cXj gifg`\[X[\j [\ cfj j\ÂŒfi\j ;i% DXefcf :Xii`ccf EXmXii\k\ p ;i% >\id}e :Xii`Â?e 8iZ`e`\^Xj% Gfi cf \ogl\jkf \jkX 8lkfi`[X[ ;@JGFE<1 (%$ 8Z\gkXi X ki}d`k\ cX gi\j\ek\ jfc`Z`kl[ [\ ZfeZ\j`Â?e [\ le [\i\Z_f [\ Xgifm\Z_Xd`\ekf [\ X^lXj p j\i$ m`[ldYi\j# gfi j\i ZcXiX p i\le`i cfj i\hl`j`kfj \jkXYc\Z`[fj \e \c 8ik% /- [\ cX :f[`]`ZXZ`Â?e [\ cX C\p [\ 8^lXj% )%$ ;\ Zfe]fid`[X[ X cf \jkXYc\Z`[f \e \c 8ik% /. [\c Zl\igf c\^Xc Xek\j d\eZ`feX[f# Zˆk\j\ X cfj ljlXi`fj ZfefZ`[fj f ef# [\ cXj X^lXj [\ ZlpX ZfeZ\j`Â?e j\ jfc`Z`kX# Zfe cX glYc`ZXZ`Â?e gfi cX gi\ejX <c K\c„^iX]f# CX ?fiX# <c :fd\iZ`f# <c ?fp f Lck`dXj Efk`Z`Xj [\c \okiXZkf [\ cX jfc`Z`kl[ p \jkX gifm`[\eZ`X# gfi ki\j m\Z\j# d\[`Xe[f [\ leX X fkiX \c gcXqf [\ fZ_f [ˆXj% *%$ =ˆa\j\ ZXik\c\j [liXek\ ki\`ekX [ˆXj# \e ki\j [\ cfj cl^Xi\j d}j ]i\Zl\ekX[fj g\ik\e\Z`\ek\ X cX ali`j[`ZZ`Â?e [\ cX gXiifhl`X EXe\^Xc`kf# ZXekÂ?e Hl`kf# Gifm`eZ`X [\ G@:?@E:?8# gfi d\[`f [\ :fd`j`Â?e c`YiX[X Xc j\ÂŒfi K\e`\ek\ Gfcˆk`Zf [\ cX GXiifhl`X Xek\j d\eZ`feX[f%$ +%$ :ˆk\j\ X cfj j\ÂŒfi\j ;i% DXefcf :Xii`ccf EXmXii\k\# \e jl f]`Z`eX lY`ZX[X \e \c \[`]`Z`f AXiXd`ccf 8ik\X^X# g`jf (' f]`Z`eX (''. [\ \jkX Z`l[X[ [\ Hl`kf p Xc j\ÂŒfi ;i% >\id}e :Xii`Â?e 8iZ`e`\^X# \e jl [fd`Z`c`f hl\ cf k`\e\ lY`ZX[f \e cXj ZXcc\j 8m% 8dXqfeXj .+* p M\`ek\e`ccX# <[`]`Z`f <jg`efjX# g`jf -% ,%$ <c X[d`e`jkiX[f i\k`iXi} [\ \jkX ;\dXiZXZ`Â?e ?`[if^i}]`ZX [\ <jd\iXc[Xj QfeXc Hl`kf \c \okiXZkf p cX Zfd`j`Â?e c`YiX[X gXiX cX ]`aXZ`Â?e [\ ZXik\c\j2 8^i„^l\j\ Xc \og\[`\e$ k\ cXj \jZi`kliXj [\ ZfdgiX m\ekX# Zfejk`klZ`Â?e [\ ZfdgXŒˆX p cfj Xek\$ Z\[\ek\j ZfejkXek\j \e *' ]faXj% K„e^Xj\ \e Zl\ekX cfj eÂ’d\ifj k\c\]Â?e`Zfj ))+.$,+0# **0'$+(*# p '0./(''0+ gXiX Zfdle`ZXi ]lkliXj gifm`[\eZ`Xj% ;\ Zfe]fid`[X[ Zfe \c d\dfiXe[f Ef% :>8A% +$'.(+ [\c )- [\ FZklYi\ [\c )'('# XZkÂ’\ \c ;i% GXki`Z`f Dfek\e\^if GX[`ccX Zfdf J\Zi\kXi`f 8[$?fZ \e \c gi\$ j\ek\ ki}d`k\% EFK@=@HL<J<%%% ] N`cdXe FicXe[f M`ccXZ`j >l\ii\if# :FFI;@E8;FI I<>@FE8C ;< C8 ;<D8I:8:@FE ?@;IF>I8=@:8 ;< <JD<I8C;8J% Cf hl\ Zfdl$ e`Zf X Ljk\[ gXiX cfj ]`e\j [\ C\p% :<IK@=@:F ;i% GXki`Z`f Dfek\e\^if G„i[`[X J<:I<K8I@F 8;$?F: 8%8%&)-*-, J<:I<K8I@8 E8:@FE8C ;<C 8>L8 J<E8>L8 ;<D8I:8:@FE ?@;IF>IĂ?=@:8 ;< <JD<I8C;8J QFE8C HL@KF :@K8:@FE 8 CFJ J<zFI<J LJL8I@FJ :FEF:@;FJ F EF ;< C8J 8>L8J# GIFM<E@<EK<J ;< C8 HL<9I8;8 :?8LG@P8:L# G8I8 LJF ;< 89I<M8;<IF P I@<>F# <E <C :8L;8C ;<K<ID@E8;F GFI <C G<I@KF# L9@:8;F <E <C J<:KFI C8 :8C<I8# G8IIFHL@8 J8E AFJ< ;< D@E8J# :8EKFE HL@KF# GIFM@E:@8 ;< G@:?@E:?8% <OKI8:KF 8:KFI1 M\iÂ?e`ZX <c`qXY\k_ Kfii\j KXg`X F9A<KF ;< C8 JFC@:@KL;1 :feZ\j`Â?e [\c [\i\Z_f [\ Xgifm\$ Z_Xd`\ekf [\ X^lXj gXiX ljf [\ XYi\mX[\if p i`\^f% ;\ekif [\c ki}d`k\ E—*0--$(( :j$Jm DPD J\ _X [`ZkX[f cX j`^l`\ek\ gifm`[\eZ`X1 J < : I < K8 I @ 8 E 8 : @ F E 8 C ;<C 8>L8# ;<D8I:8:@FE ?@;IF>I8=@:8 ;< <JD<I8C;8J% QfeXc Hl`kf%$ GifZ\jf E— *0--$(( :j$Jm%$ (+ [\ ]\Yi\if [\c )'((% CXj (,?*'%$ M@JKFJ1 8mfZf ZfefZ`d`\ekf [\c gi\j\ek\ ki}d`$ k\ \e m`ikl[ [\ _XY\i j`[f efd$ YiX[f :ffi[`eX[fi I\^`feXc [\ cX ;\dXiZXZ`Â?e ?`[if^i}]`ZX [\ <jd\iXc[Xj < # d\[`Xek\ XZZ`Â?e [\ g\ijfeXc E— (-'.'' [\ (. [\ \e\if [\c )'((%$ Hl\ d\[`Xek\ 8Zl\i[f D`e`jk\i`Xc E— )''0$+- \og\[`[f \c (* [\ efm`\dYi\ [\ )''0# j\
BW fhkZ[dY_W [i c|i \_hc[ gk[ kdW fWh[Z" fehgk[ d_ i[ Z[ifbecW d_ fk[Z[ i[h c_dWZW$ 7DJĂžIJ;D;I
Zi\X cX ;\dXiZXZ`�e ?`[if^i}]`ZX [\ <jd\iXc[Xj%$ Hl\ d\[`Xek\ 8Zl\i[f D`e`jk\i`Xc E— )''0$ +/ [\ + [\ [`Z`\dYi\ [\c )''0# j\ \og`[\ \c <jkXklkf Fi^}e`Zf [\ >\jk`�e Fi^Xe`qXZ`feXc gfi GifZ\jfj [\ cX J\Zi\kXi`X EXZ`feXc [\c 8^lX $ J<E8>L8%$ Hl\ d\[`Xek\ 8Zl\i[f D`e`jk\i`Xc E— )'('$-- [\ )' [\ \e\if [\c )'('# j\ \jkXYc\Z\ p [\c`d`kX cXj el\m\ [\dXiZXZ`fe\j _`[if^i}]`ZXj p jlj i\jg\Zk`mXj qfeXc\j%$ <e cf gi`eZ`$ gXc1 CX jfc`Z`kl[ [\ :feZ\j`�e [\c [\i\Z_f [\ 8gifm\Z_Xd`\ekf [\ cXj 8^lXj [\ cX Hl\YiX[X :_Xlg`pXZl p J\im`[ldYi\# gi\j\ekX[X gfi cX j\ŒfiX M\i�e`ZX <c`qXY\k_ Kfii\j KXg`X# gXiX \c ljf [\ XYi\mX[\if p i`\^f# \e \c ZXl[Xc hl\ [\k\id`e\ \c g\i`kf2 cX d`jdX hl\ \j ZcXiX p i\’e\ cfj [\d}j i\hl`j`kfj [\ C\p# gfi cf hl\ j\ cX XZ\gkX gXiX jl ki}d`k\%$ 8k\e[`\e[f cf jfc`Z`kX[f p [\ Zfe]fid`[X[ X cf [`jgl\jkf \e cfj 8ikj% -+ p /. c`k\iXc X [\ cX C\p [\ 8^lXj# Zˆk\j\ Xc j\Œfi If[i`^f GXk`Œf :i\jgf# gifg`\kXi`f [\ cX ?XZ`\e[X JXekX IfjX# gfi cXj gfj`Yc\j j\im`[ldYi\j [\ ZXgkX$ Z`�e# Zfe[lZZ`�e# XcdXZ\eXd`\e$ kf# Zfe\oXj p Zfdf ’e`Zf ljlXi`f ZfefZ`[f [\ cXj X^lXj jfc`Z`kX[Xj# lY`ZX[X \e \c j\Zkfi CX :Xc\iX# gXiifhl`X JXe Afj„ [\ D`eXj# ZXe$ k�e Hl`kf# gifm`eZ`X [\ G`Z_`eZ_X# [`Z_Xj Z`kXZ`fe\j j\ cXj i\Xc`qXi} ZfealekXd\ek\ Zfe cfj ZXik\c\j hl\ j\i}e i\d`k`[fj d\[`Xek\ cX Zfd`j`�e c`YiX[X Xc j\Œfi K\e`\ek\ Gfcˆk`Zf [\ cX `e[`ZX[X gXiifhl`X% <e Zldgc`d`\ekf [\c 8ik% /.# c`k\iXc X # j\ glYc`ZXi} le \okiXZkf [\ cX jfc`Z`kl[ p \jkX gifm`[\eZ`X \e lef [\ cfj ;`Xi`fj1 <c :fd\iZ`f# Lck`dXj Efk`Z`Xj# ?fp# cX ?fiX f <c K\c„^iX]f [\ Z`iZlcXZ`�e eXZ`feXc# gfi ki\j m\Z\j# d\[`Xe[f leX [\ cX fkiX \c gcXqf [\ fZ_f [ˆXj% K„e^Xj\ \e Zl\ekX \c ZXj`cc\if al[`Z`Xc Ef%*,( p cX Xlkfi`qXZ`�e \eki\^X[X X jl 8Yf^X[X GXkifZ`eX[fiX% 8^i„^l\j\ X \og\[`\ek\ cfj [fZld\ekfj Zfej$ kXek\j \e (* ]faXj% ;\ Zfe]fid`[X[
Zfe \c d\dfiXe[f E— :>8A%+$ '.(+ [\c )- [\ fZklYi\ [\ )'('# XZk’\ Zfdf J\Zi\kXi`f 8[$?fZ \e \c gi\j\ek\ gifZ\jf \c ;i% DXel\c Plhl`c\dX Dlccf%$ EFK@=@HL<J<% %% ] @e^%Afi^\ ?ldY\ikf ;\c Gfqf J}eZ_\q :FFI;@E8;FI I<>@FE8C ;< C8 ;<D8I:8:@FE ?@;IF>I�=@:8 ;< <JD<I8C;8J < Æ J<:I<K8I@8 E8:@FE8C ;<C 8>L8%$ Cf hl\ Zfdle`Zf gXiX cfj ]`e\j c\^Xc\j g\ik`e\ek\j%$ :\ik`]`Zf% ;i% DXel\c Plhl`c\dX Dlccf J<:I<K8I@F 8;$?F: ;< C8 ;<D8I:8:@FE ?@;IF>I�=@:8 ;< <JD<I8C;8J ;< C8 J<:I<K8I@8 E8:@FE8C ;<C 8>L8 J<E8>L8 ?Xp le j\ccf 8%8%&)-+,/
M8I@FJ I<Gè9C@:8 ;<C <:L8;FI ALQ>8;F K<I:<IF ;< CF :@M@C ;< G@:?@E:?8 :@K8:@äE AL;@:@8C :ˆkXj\ Zfe \c j`^l`\ek\ \okiXZkf [\c Al`Z`f M\iYXc JldXi`f Ef%(-*)$ )'('$J%8% X DPI@8D ;<C IF:@F DFJHL<I8 E8I8EAF# Zlpf \okiXZkf \j \c j`^l`\ek\1 8:KFI1 AXZfYf M`Z\ek\ Gfjjf If[iˆ^l\q ;<D8E;8;81 Dpi`Xd [\c IfZˆf Dfjhl\iX EXiXeaf :C8J< ;< AL@:@F1 M\iYXc JldXi`f Ef%(-*)$)'('$J%8% F9A<KF ;< C8 ;<D8E;81 :fYif [\ [`e\if GIFM@;<E:@81 CX hl\ j`^l\1 ALQ>8;F K<I:<IF ;< CF :@M@C ;< G@:?@E:?8% Hl`kf# al\m\j ). [\ \e\if [\c )'((# cXj (-_(-% M@JKFJ1 CX [\dXe[X hl\ gi\j\ekX A8:F9F M@:<EK< GFJJF IF;I@>L<Q \e ZfekiX [\ DPI@8E ;<C IF:@F DFJHL<I8 E8I8EAF# j\ cX XZ\g$ 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
REPUBLICA DEL ECUADOR SUPERINTENDENCIA DE COMPAĂ‘IAS
EXTRACTO CONSTITUCIĂ“N DE LA COMPAĂ‘Ă?A IMPORTHEALTH CIA. LTDA. La compaĂąĂa IMPORTHEALTH CIA. LTDA. se constituyĂł por escritura pĂşblica otorgada ante el Notario TrigĂŠsimo SĂŠptimo del Distrito Metropolitano de Quito, el 04 de Febrero de 2011, fue aprobada por la Superintendencia de CompaĂąĂas, mediante ResoluciĂłn SC.IJ.DJC.Q.11.000729 de 16 de Febrero de 2011. 1.- DOMICILIO: Distrito Metropolitano de Quito, provincia de PICHINCHA. 2.- CAPITAL: Suscrito US$ 500,00 NĂşmero de Participaciones 500 Valor US$ 1,00 3.- OBJETO: El objeto de la compaĂąĂa es: DEDICARSE A LAS SIGUIENTES ACTIVIDADES: A) IMPORTACIĂ“N, EXPORTACIĂ“N, PRODUCCIĂ“N, DISTRIBUCIĂ“N, REPRESENTACIĂ“N Y COMERCIALIZACIĂ“N DE IMPLEMENTOS RELACIONADOS CON LA SALUD Y EL BIENESTAR FĂ?SICO Y PSICOLĂ“GICO ASOCIADOS CON EL DESCANSO Y EL DORMIR... Quito, 16 de Febrero de 2011 Dr. Oswaldo Noboa LeĂłn. DIRECTOR JURĂ?DICO DE COMPAĂ‘Ă?AS AC/78038/aa
:`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\[`d`\ekf :`m`c% :fdf [\ cX @ejZi`gZ`Â?e [\ ;\]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\[\ifj ZfefZ`[fj N8CK<I <CĂ 8J J@CM8 8CK8D@I8EF# D8IĂ 8 D8>;8C<E8 J@CM8 8CK8D@I8EF P FI=8 CL:Ă 8 J@CM8 8CK8D@I8EF \e cX [`i\ZZ`Â?e gifgfiZ`feX[X gfi cfj [\dXe[Xek\j% :l„ek\j\ \e cX jljkXeZ`XZ`Â?e [\ „jkX ZXljX Zfe \c J\im`Z`f [\ I\ekXj @ek\ieXj X Zlpf
;`i\Zkfi [\ cX I\^`feXc Efik\ j\ c\ efk`]`ZXi} Zfe Zfg`X [\ kf[f cf XZklX[f \e jl [\jgXZ_f% Cfj XZZ`f$ eXek\j `e[`hl\e \e ki\j [ˆXj \c cl^Xi [fe[\ j\ Z`kXi} X D8IĂ 8 AFJ<=8 @JFC@E8 8CK8D@I8EF :8II@CCF M;8% ;< J@CM8%$ K„e^Xj\ Zfdf gifZliX[fi ZfdÂ’e [\ cfj [\dXe$ [Xek\j X M@:KFI ?L>F J@CM8 8CK8D@I8EF% 8^i„^l\j\ Xc gif$ Z\jf cfj [fZld\ekfj gi\j\ekX[fj p efk`]ˆhl\j\ X cfj XZZ`feXek\j \e cX ZXj`ccX al[`Z`Xc Ef% (,.%$ EFK@=Ă HL<J<%$ ] ;I% D8I@F FIK@Q <JKI<CC8%$ AL<Q GIFM@;<E:@81 ALQ>8;F J<OKF ;< CF :@M@C ;< G@:?@E:?8%$ Hl`kf# cle\j (' [\ \e\if )'((# cXj (+_(,% $ 8^i„^l\j\ Xc gifZ\jf cX XZkX [\ [\]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 ZXljXek\%$ 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 I<Gè9C@:8 ;<C <:L8;FI <OKI8:KF M@JKF 9L<EF Ef )//, 8:KFI1 AFJ< M@I>@C@F DFI8C<J :8IM8A8C 8::@FE8;F1 <;@JFE G8KI@:@F
REPUBLICA DEL ECUADOR SUPERINTENDENCIA DE COMPAĂ‘IAS
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. 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. LTD. 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 ($30000), dividido en treinta mil participaciones iguales e indivisibles de un dĂłlar cada unaâ€? D.M. Quito, 18 de febrero de 2011 Dr. Marcelo Icaza Ponce INTENDENTE DE COMPAĂ‘IAS DE QUITO
A.A./26462
J@D98 ELD<I8C<J (#) P , ;<C 8IK% (.) :ä;@>F ;<C KI898AF% @EJG<::@äE ;<C KI898AF ;< G@:?@E:?8%$ Hl`kf# )( [\ =\Yi\if [\c )'((# X cXj (,?''%$ ;\ekif [\ cX jfc`Z`kl[ [\ M`jkf 9l\ef j`^eX[f Zfe \c eÂ’d\if Ef )//,$)'(($ I%8% gi\j\ekX[X gfi \c j\ÂŒfi AFJ< M@I>@C@F DFI8C<J :8IM8A8C# \e jl ZXc`[X[ ;< >\i\ek\ p i\gi\$ j\ekXek\ c\^Xc [\ cX Zffg\iXk`mX [\ kiXejgfik\ KLI@J DFEJ<I88K# \e ZfekiX [\ jl kiXYXaX[fi X j\ÂŒfi X <;@JFE G8KI@:@F J@D982 8^i„^l\j\ Xc \og\[`\ek\ \c \jZi`$ kf gi\j\ekX[f p cX ;\ZcXiXZ`Â?e AliXd\ekX[X i\Xc`qX[X gfi \c XZZ`feXek\ gfi [\jZfefZ`d`\ekf [\ [fd`Z`c`f% CX gi\j\ek\ jfc`Z`kl[ gfi \jkXi [\ XZl\i[f Zfe cX C\p j\ cX XZ\gkX X ki}d`k\%$ <e cf gi`eZ`$ gXc j\ [`jgfe\1 ( <e Xgc`ZXZ`Â?e Xc 8ik% (/*# ,+, Xki`YlZ`fe\j ,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\ 8c kiXYXaX[fi \e \ccX d\eZ`feX[f# d\[`Xek\ glYc`ZXZ`Â?e \e lef [\ cfj g\i`Â?[`Zfj [\ Xdgc`X Z`iZlcXZ`Â?e# [\ Zfe]fid`[X[ X cf [`jgl\jkf \e \c 8ik% /) [\c :Â?[`^f [\c GifZ\[`d`\ekf :`m`c# gfi ZlXe$ kf \c \dgc\X[fi YXaf aliXd\ekf [\ZcXiX [\jZfefZ\i \c [fd`Z`c`f [\c XZZ`feX[f# Zfe]fid\ j\ [\j$ gi\e[\ [\ cX [\ZcXiXZ`Â?e aliXd\ekX hl\ j\ X[alekX% 8c XZZ`feX[X 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`]`ZX$ Z`fe\j%$ ) KÂ?d\j\ \e Zl\ekX \c :Xj`cc\if Al[`Z`Xc Ef *(+/# p cX Xlkfi`qXZ`Â?e fkfi^X[X X cX gif]\$ j`feXc hl\ jljZi`Y\ \e cX gi\j\ek\ ZXljX%$ * %$ <eki„^l\j\ \c \okiXZkf
i\jg\Zk`mf gXiX jl glYc`ZXZ`Â?e%$ EFK@=@HL<J<%$ ] ;I% I8D@IF 8I@8J 9% Cf hl\ Zfdle`Zf X ljk\[ gXiX cfj ]`e\j [\ C\p% ;I% I8D@IF 8I@8J 9% @EJG<:KFI ;< KI898AF <o`jk\ ]`idX p j\ccf% 8%G%&+/(+0&b%d% :@K8:@FE AL;@:@8C 81 :yJ8I I8D@IF <I8QF >FEQĂ?C<Q p D8IĂ 8 <JG<I8EQ8 JLĂ?I<Q G8II8# j\ c\ _XZ\ jXY\i hl\ \e \c Alq^X[f O@M [\ cf :`m`c [\ :l\eZX# X ZXi^f [\c ;i% Pli` GXcfd\hl\ CleX# j\ _X gi\j\ekX[f cX [\dXe[X Ef (')'$'0# cX hl\ \e \okiXZkf alekf Zfe cX gifm`[\eZ`X \e \ccX i\ZXˆ[X \j Zfdf j`^l\1 8:KFI1 CL@J 8JKL;@CCF 8JKL;@CCF ;<D8E;8;FJ1 I8D@IF <I8QF >FEQĂ?C<Q p D8IĂ 8 <JG<I8EQ8 JLĂ?I<Q G8II8# E 8K L I 8 C < Q 8 1 < J G <: @ 8 C JLD8I@F D8K<I@81 <dYXi^f p I\dXk\ :L8EKĂ 81 -%,'' GIFM@;<E:@81 :l\eZX# ;`Z`\dYi\ ( [\c )''0# cXj ('_)' M`jkfj1 8mfZf ZfefZ`d`\ekf [\ cX gi\j\ek\ ZXljX# \e m`ikl[ Xc jfik\f \]\ZklX[f% CX [\dXe[X gi\j\ekX[X gfi Cl`j D`^l\c 8jkl[`ccf 8jkl[`ccf# gfi ZcXiX# Zfdgc\kX p i\le`i Zfe cfj i\hl`j`kfj [\ c\p# j\ XZ\gkX X ki}$ d`k\ jldXi`f [\ gi\ejX `e[ljki`Xc [\ Zfd\iZ`f# Zfe]fid\ cf [`jgfe\ \c 8ik# ,.- [\c :% [\ :fd\iZ`f% J\ [`jgfe\ \c \dYXi^f [\ le m\_ˆZlcf dXiZ_X :_\mifc\k# df[\cf <jk\\e +g ;CO K&D# 8&:# (%- C# ZcXj\ Xlkf$ dÂ?m`c# k`gf j\[Xe# XÂŒf (00/# gcXZXj GK?$)0/# dfkfi >(-9)+)(++d#
Z_Xj`j F99<>:*(JN'(')),+# Zfcfi Xqlc# [`c`^\eZ`X hl\ cX Zld$ gc`i} lef [\ cfj j\Œfi\j gfc`ZˆXj EXZ`feXc\j [\c ZXek�e Hl`kf# gif$ m`eZ`X [\c G`Z_`eZ_X# X Zlpf \]\Z$ kf j\ c`YiXi} cX Yfc\kX i\jg\Zk`mX# Zldgc`[f hl\ j\X j\ \eki\^Xi} \e [\g�j`kf [\c j\Œfi 8ekfe`f :fik\q :Xjkif# hl`\e \e \c k„id`ef [\ ZlX$ i\ekX p fZ_f _fiXj# gifZ\[\i} X cX \eki\^X X lef [\ cfj [\gfj`kXi`fj al[`Z`Xc\j c\^Xcd\ek\ efdYiX[fj# gi\m`f \c jfik\f hl\ j\ i\Xc`qXi} \e cX J\Zi\kXiˆX [\c Alq^X[f# Zfe cXj XZkXj [\ \eki\^X i\Z\gZ`�e% :ˆk\j\ X cfj [\dXe[X[fj DXiˆX <jg\iXeqX Jl}i\q GXiiX p :„jXi IXd`if <iXqf >feq}c\q# d\[`Xek\ [\gi\ZXkfi`f hl\ cX Zldgc`i} \c j\Œfi Al\q [\ cf :`m`c [\c ZXek�e Hl`kf# Xc `^lXc hl\ cX efk`]`ZXZ`�e Xc j\Œfi Gfc`ZˆX EXZ`feXc# ]XZlck}e$ [fc\ Xc j\Œfi Al\q# cX efk`]`ZXZ`�e Zfii\jgfe[`\ek\# \dˆkXj\ \c [\jgX$ Z_f i\jg\Zk`mf% <e Zl\ekX cX ZXj`ccX j\ŒXcX[X# cX Xlkfi`qXZ`�e Zfe]\i`[X% Efk`]ˆhl\j\%$ :l\eZX# / [\ ]\Yi\if [\c )'((# cXj '0_'0 8^i„^l\j\ X cfj Xlkfj \c \jZi`kf p [fZld\ekXZ`�e X[alekX% <e m`jkX [\ cX [\ZcXiX$ Z`�e aliXd\ekX[X gi\j\ekX[X# j\ [`jgfe\ j\ Z`k\ X cfj [\dXe[X[fj :„jXi IXd`if <iXqf >feq}c\q p DXiˆX <jg\iXeqX Jl}i\q GXiiX# [\ Zfe]fid`[X[ Zfe cf [`jgl\jkf \e \c 8ik% /) [\c :�[`^f i\gifZ\[`d`\ekf :`m`c% Efk`]ˆhl\j\# 8 cfj Z`kX[fj j\ c\j gi\m`\e\ [\ cX fYc`^XZ`�e hl\ k`\e\ [\ j\ŒXcXi ZXj`ccX al[`Z`Xc gXiX efk`]`ZXZ`fe\j gfjk\i`fi\j% :l\eZX# (, [\c )'((% ] ;iX% Cfi\eX J\X[\ K% J<:I<K8I@8 ;<C ALQ>8;F O@M ;<C F :@M@C ;< :L<E:8 <o`jk\ ]`idX p j\ccf
:[ jeZWi bWi YkWb_ZWZ[i Z[b WbcW" bW c|i [c_d[dj[ [i bW iWX_Zkh‡W" bW c|i ‘j_b bW fhkZ[dY_W$ 87HJ>xB;CO
8%G%&+/('*&b%d% <OKI8:KF AL@:@F Ef 2 )'('$'*(* D8 F=<E;@;F2 DFI<EF ;@8Q FC>8 K<I<J8 @DGLK8;FJ2 G@CC8AF 8E;I8E>F D8I@8 IFJ8# :?@:8@Q8 KF8G8EK8 AL8E AFJ<# :?@:8@Q8 G@CC8AF :8ICFJ# :?@:8@Q8 G@CC8AF IFJ8# :?@:8@Q8 G@CC8AF D8EL<C8# :?@:8@Q8 G@CC8AF D8I@KQ8# :?@:8@Q8 G@CC8AF @M8E# :?@:8@Q8 G@CC8AF =<IE8E;F# :?@:8@Q8 G@CC8AF ALC@F# :?@:8@Q8 G@CC8AF D8P8% <e \c al`Z`f Ef1*(*$)'(' D8# hl\ j`^l\ cX j\ÂŒfiX# DFI<EF ;@8Q FC>8 K<I<J8# \e ZfekiX [\ G@CC8AF 8E;I8E>F D8I@8 IFJ8# :?@:8@Q8 KF8G8EK8 AL8E AFJ<# :?@:8@Q8 G@CC8AF :8ICFJ# :?@:8@Q8 G@CC8AF IFJ8# :?@:8@Q8 G@CC8AF D8EL<C8# :?@:8@Q8 G@CC8AF D8I@KQ8# :?@:8@Q8 G@CC8AF @M8E# :?@:8@Q8 G@CC8AF =<IE8E;F# :?@:8@Q8 G@CC8AF ALC@F# :?@:8@Q8 G@CC8AF D8P8# ?X^f JXY\i%$ ALQ>8;F ;<:@DF F:K8MF ;< CF G<E8C ;< G@:?@E:?8# HL@KF# (+ [\ <e\if [\c )'((# cXj (-_(+%$ %% M`jkfj%$ Gfi ZlXekf cX j\ÂŒfiX FC>8 DFI<EF K<I<Q8H ;@8Q# _X [X[f Zldgc`d`\ekf X cf [`jgl\jkf \e gif$ m`[\eZ`X `ed\[`XkX Xek\i`fi# p \e m`ikl[ [\ hl\ jl XZljXZ`Â?e gXik`Zl$ cXi i\Â’e\ cfj i\hl`j`kfj [\c 8ik% *.( [\c :Â?[`^f [\ GifZ\[`d`\ekf G\eXc p Zfe]fid\ cf [`jgfe\ \c 8ik *.) [\c d`jdf :Â?[`^f# :@K<J< \e c\^Xc p [\Y`[X ]fidX Zfe \c c`Y\cf [\ XZljX$ Z`Â?e p Xlkf [\ XZ\gkXZ`Â?e X kiXd`k\ [\ cX d`jdX# X cfj j\ÂŒfi\j DXel\cX :_`ZX`qX G`ccXaf# Alc`f :_`ZX`qX G`ccXaf# DXpX :_`ZX`qX G`ccXaf p :_`ZX`qX G`ccXaf @m}e# d\[`Xek\ ki\j glYc`ZXZ`fe\j gfi cX gi\ejX \e lef [\ cfj g\i`Â?[`Zfj [\ dXpfi Z`iZlcXZ`Â?e [\ \jkX Z`l[X[ [\ Hl`kf# gXiX cf ZlXc i\dˆkXj\ Xc \okiXZkf i\jg\Zk`mf%$ % EFK@=@HL<J< GXik`ZlcXi hl\ [fp X ZfefZ\i gXiX cfj ]`e\j [\ C\p% ;I% AFI>< I<@EFJF F J<:I<K8I@F ;<C ALQ>8;F ;<:@DF F:K8MF ;< CF G<E8C ;< G@:?@E:?8 <o`jk\ ]`idX p j\ccf% 8%G%&+/(',&b%d% EFK8I@8 J<GK@D8 ;<C :8EKFE HL@KF 8M@JF 8C Gè9C@:F ;\ Zfe]fid`[X[ Zfe cf [`jgl\jkf \e \c Ef% )* [\c 8ik% (/ [\ cX C\p
EfkXi`Xc# Zfdle`Zf Xc gÂ’Yc`Zf hl\ Zfe \jkX ]\Z_X# cfj Ji\j% N@CJFE <;L8I;F IF;I@>L<Q ?<I8J P CLQ D8I@8 :ILQ IL9@F# _Xe gifZ\[`[f X jljZi`Y`i cX \jZi`kliX [\ C`hl`[XZ`Â?e [\ cX JfZ`\[X[ :fepl^Xc [\ cX j`^l`\ek\ ]fidX1 ĂˆHL@EKF1 G8IK@:@G8:@FE ;< >8E8E:@8C<J1 :fe \jkfj Xek\Z\$ [\ek\j hl\ ]fidXe gXik\ \j\eZ`Xc \ `ek\^iXek\ j\ \jk\ :FEM<E@F ;< C@HL@;8:@FE ;< C8 JF:@<;8; :FEPL>8C p Zfe]fid\ cf k\e\dfj j\ÂŒXcX[f Xek\i`fid\ek\# X ZX[X lef [\ cfj :fdgXi\Z`\ek\j efj Zfii\j$ gfe[\ gfi ZfeZ\gkf [\ ^XeXeZ`X$ c\j cX jldX KI<@EK8 P J@K< D@C :@<E ;FC8I<J 8D<I@:8EFJ%$ Cfj JljZi`kfj N@CJFE <;L8I;F IF;I@>L<Q ?<I8J P CLQ D8I@8 :ILQ IL9@F# XZfi[Xdfj \e ]fidX c`Yi\ p mfclekXi`X# c`hl`[Xi el\jkiX JfZ`\[X[ :fepl^Xc [\ cX j`^l`\ek\ ]fidX2 8 cX j\ÂŒfiX Clq DXiˆX :ilq IlY`f j\ c\ \eki\^X cX ZXjX eld\if : j\`j# gcXekX YXaX XcˆZlfkX gXiZ`Xc Z\if glekf el\m\ j\`j ZlXkif j\`j gfi Z`\ekf# gcXekX XckX XcˆZlfkX gXiZ`Xc lef glekf Z\if [fj ZlXkif Z`eZf gfi Z`\ekf# XZZ\jf g\XkfeXc p AXi[ˆe XcˆZlfkX [\ Z\if glekf Z\if [fj j`\k\ Z`eZf gfi Z`\ekf# GXk`f [\ j\im`Z`f p AXi[ˆe XcˆZlfkX Z\if glekf [fj Z`eZf [fj Z`eZf# XcˆZlfkX kfkXc [fj glekf [fj j\`j el\m\ lef gfi Z`\ekf# \jkXZ`feXd`\ekf ZlXkif XcˆZlfkX [\ Z\if glekf lef lef ZlX$ kif el\m\ gfi Z`\ekf# hl\ ]fidXe gXik\ [\c :fealekf ?XY`kXZ`feXc GXc\idf DXeqXeX ?(# Zfejkil`[f \e cX DXeqXeX ? ^l`fe Lef# [\ cX LiYXe`qXZ`Â?e GXc\idf# j`klX[f \e cX gXiifhl`X :?@CCF>8CCF [\ \jk\ ZXekÂ?e# Xc j\ÂŒfi N`cjfe <[lXi[f If[i`^l\q ?\iXj j\ c\ _X \eki\^X[f Zfe Xek\i`fi`[X[ \c m\_ˆZlcf k`gf 8lkfdÂ?m`c J\[Xe# :?<MIFC<K 8M<F 8:K@MF# (%-C# +G% GcXZXj 8ZklXc\j G9@*/,0 G9@ KI<J F:?F :@E:F EL<M<# DFKFI (-;*+.,*//( lef j\`j# ;# ki\j ZlXkif j`\k\ Z`eZf ki\j fZ_f fZ_f lef# Z_Xj`j /C8K;,/-(8''*+0(, fZ_f C8K; Z`eZf fZ_f j\`j lef 8 Z\if Z\if ki\j ZlXkif el\m\ lef Z`eZf# Zfcfi 9C8E:F# kf[f cf [\ZcX$ iXe hl\ _Xe i\Z`Y`[f X jl \ek\iX jXk`j]XZZ`Â?e% CXj g\ijfeXj hl\ Zfej`[\i\e k\e\i [\i\Z_f X fgfe\ij\ X \jkX c`hl`$ [XZ`Â?e# [\Y\i}e dXe`]\jkXicf gfi \jZi`kf Xc jljZi`kf EfkXi`f# \e le gcXqf ef dXpfi X )' [ˆXj ZfekX[fj [\j[\ \jkX ]\Z_X# \e cXj f]`Z`eXj [\ cX EfkXi`X# lY`ZX[Xj \e cX 8m% J\`j [\ ;`Z`\dYi\ EF% (*+ p Jf[`if [\ \jkX Z`l[X[% ;DM Hl`kf# ]\Yi\if (/ [\c )'(( ;I%CL@J M8I>8J ?@EFJKIFQ8
REPUBLICA DEL ECUADOR SUPERINTENDENCIA DE COMPAĂ‘IAS
EXTRACTO CONSTITUCIĂ“N DE LA COMPAĂ‘Ă?A INMORIDOVAL S.A. La compaĂąĂa INMORIDOVAL S.A. se constituyĂł por escritura pĂşblica otorgada ante el Notario TrigĂŠsimo SĂŠptimo del Distrito Metropolitano de Quito, el 15/febrero/2011, fue aprobada por la Superintendencia de CompaĂąĂas, mediante ResoluciĂłn SC.IJ.DJC.Q.11.000786 de 21/febrero/2011. 1.- DOMICILIO: Distrito Metropolitano de Quito, provincia de Pichincha. 2.- CAPITAL: Suscrito US$ 800,00 NĂşmero de Acciones 800 Valor US$ 1,00 3.- OBJETO: El objeto de la compaĂąĂa es: A) LA COMPRA, VENTA, PERMUTA Y ARRENDAMIENTO DE TODO TIPO DE BIENES INMUEBLES, LA ADMINISTRACIĂ“N Y MANTENIMIENTO DE TODA CLASE DE BIENES INMUEBLES, LA ADMINISTRACIĂ“N DE BIENES INMUEBLES DESTINADOS A ALQUILER O ARRENDAMIENTO, EL CORRETAJE O INTERMEDIACIĂ“N DE BIENES RAĂ?CES, EL MANDATO EN COMPRA, VENTA, PERMUTA O ARRIENDO DE BIENES MUEBLES O INMUEBLES. B) ... Quito, 21 de Febrero de 2011. Dr. Oswaldo Noboa LeĂłn DIRECTOR JURĂ?DICO DE COMPAĂ‘Ă?AS AR/81710/cc
EFK8I@F J<GK@DF ;< HL@KF ?Xp ]`idX p j\ccf 8:&./'+(&D> 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\e$ kX 9C8E:8 :C<D<E:@8 8CM<8I DF>IF i\’e\ cfj i\hl`j`kfj c\^Xc\j \e Zfej\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 [\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 [\jZfefZ`[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`\ek\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^ <OKI8:KF EFK8I@8 KI@><J@D8 GI@D<I8 ;<C :8EKFE HL@KF%$ :’dgc\d\ gfe\i \e ZfefZ`d`\ekf [\c glYc`Zf hl\ d\[`Xek\ \jZi`kliX glYc`ZX# fkfi^X[X Xek\ cX ;fZkfiX DXi`\cX Gfqf 8ZfjkX% EfkXi`X Ki`^\j`dX Gi`d\iX [\c :Xekfe Hl`kf# \c )( [\ ]\Yi\if [\c XŒf )'((# \c j\Œfi N8J?@E>KFE ;8I@JC8F J8C>8;F :<G<;8# [`mfiZ`X[f gfi jlj gifg`fj [\i\Z_fj# p cX j\ŒfiX C@C@K? ;<C IF:@F :?8E>FCL@J8 ALI8;F# [`mfiZ`X[X# [\Y`[Xd\ek\ i\gi\j\ekX[X gfi jl dXe[XkX$ i`X j\ŒfiX D8I@8 <DG<I8KI@Q 8ID8J# gifZ\[`\ife X c`hl`[Xi \c gXki`dfe`f [\ cX \o jfZ`\[X[ Zfepl^Xc# [\c dXki`dfe`f [`jl\ckf d\[`Xek\ j\ek\eZ`X [`ZkX[X gfi \c j\Œfi Al\q M`^\j`df K\iZ\if [\ cf :`m`c [\ G`Z_`eZ_X# \c ki\j [\ ]\Yi\if [\c [fj d`c el\m\# [\Y`[Xd\ek\ `ej$ Zi`kX \e \c I\^`jkif :`m`c \c [`\Z`f$ Z_f [\ ]\Yi\if [\c [fj d`c el\m\% CXj X[al[`ZXZ`fe\j [\c gXki`dfe`f j\ \eZl\ekiXe [\kXccX[Xj \e \c k\okf [\ cX i\]\i`[X \jZi`kliX glYc`ZX [\ c`hl`[XZ`�e [\ jfZ`\[X[ Zfepl$ ^Xc# gfi cf hl\ \e Xgc`ZXZ`�e X cf [`jgl\jkf \e \c 8ik% - [\ cX C\p I\]fidXkfi`fX 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 )* ]XZlckX Xc EfkXi`f [`jgfe\i cX `ejZ`igZ`fe \e cfj I\^`jkifj [\ cX Gifg`\[X[ p D\iZXek`c\j# cX \jZi`kliX [\ c`hl`[X$ Z`�e [\ jfZ`\[X[ Zfepl^Xc# gi\m`f \c kiXd`k\ gi\m`jkf \e [`Z_X efidX c\^Xc# gfe^f \e ZfefZ`d`\ekf [\c glYc`Zf# d\[`Xek\ leX glYc`ZXZ`�e# \c \okiXZkf [\ cX c`hl`[XZ`�e [\c gXki`dfe`f [\ cX jfZ`\[X[ Zfepl^Xc Zfii\jgfe[`\ek\ X cfj \o Zfepl^\j j\Œfi\j N8J?@E>KFE ;8I@JC8F
g Ĺ? ĂăĹ? Ĺ? Ĺ? Ĺ?Ä‚Ä€Ä Ä
Ĺ? +. Ĺ? ÄŒĹ? J8C>8;F :<G<;8 P C@C@K? ;<C IF:@F :?8E>FCL@J8 ALI8;F# fkfi^X[X d\[`Xek\ \jZi`kliX glYc`ZX [\ m\`ek\ p lef [\ ]\Yi\if [\c )'(( Xek\ cX jljZi`kX ;fZkfiX DXi`\cX Gfqf 8ZfjkX# EfkXi`X Ki`^\j`dX Gi`d\iX [\c :Xekfe Hl`kf# gfi \c k\id`ef [\ m\`ek\ )' [ˆXj X ZfekXij\ [\j[\ cX ]\Z_X [\ cX glYc`ZXZ`Â?e [\ \jk\ \okiXZkf# X ]`e [\ hl\ cXj g\ijfeXj hl\ \m\e$ klXcd\ek\ klm`\i\e `ek\i„j \e \jkX c`hl`[XZ`Â?e gl\[Xe gi\j\ekXi jl fgfj`Z`Â?e ]le[Xd\ekX[X# [\ekif [\c i\]\i`[f k„id`ef% GXik`ZlcXi hl\ gfe^f \e Zfef$ Z`d`\ekf gXiX cfj ]`e\j c\^Xc\j Zfii\jgfe[`\ek\j% Hl`kf# ]\Yi\if )( [\c )'(( ;I8% D8I@<C8 GFQF 8:FJK8 EFK8I@8 KI@><J@D8 GI@D<I8 ;<C :8EKFE HL@KF 8:&./'))&D> 8M@JF 8C Gè9C@:F EFK8Ic8 èE@:8 ;<C :8EKäE GL<IKF HL@KF1 Gfi ef \eZfe$ kiXij\ `ejZi`kX \e \c I\^`jkif [\ cX Gifg`\[X[ [\c :XekÂ?e Hl`kf# p \e m`jkX [\ cf hl\ [`jgfe\ \c XikˆZlcf j\k\Z`\ekfj el\m\ [\c :Â?[`^f :`m`c m`^\ek\# j\ gfe\ \e ZfefZ`d`\e$ kf [\c gÂ’Yc`Zf \e ^\e\iXc kXekf _X g\ijfeXj eXkliXc\j Zfdf _X g\ijfeXj aliˆ[`ZXj hl\ \e \jkX EfkXiˆX j\ mX X gifZ\[\i X cX ]`idX [\c :fekiXkf [\ ZfdgiXm\ekX [\ le CFK< ;< K<II<EF [\efd`eX[f Ăˆ:L:?@:8I8 F 8I8z8 L:FÉ# lY`ZX[f \e \c 9Xii`f JXe :i`jkÂ?YXc# g\ik\e\Z`\ek\ X cX gXiifhl`X C8 8I><C@8# ZXekÂ?e p Z`l[X[ [\ Hl`kf# gifm`eZ`X [\ G`Z_`eZ_X# cfk\ [\ k\ii\ef hl\ k`\e\ leX jlg\i]`Z`\ kfkXc [\1 J@<K< D@C ;FJ:@<EKFJ F:?F D<KIFJ :L8;I8;FJ .%)'/#'' D) # Zfdgi\e[`[f [\ekif [\ cfj j`^l`\ek\j c`e[\ifj1 GFI <C EFIK<# :fe k\ii\ef [\ gifg`\[X[ [\ IfjXi`f =\ie}e[\q E`hl`e^X# \e leX \ok\ej`Â?e [\ [`\Z`el\m\ d\kifj Zfe Z`eZl\ekX p ZlXkif Z\ekˆd\kifj (0#,+ d \e leX gXik\# \e fkiX gXik\ Zfe cX ZXcc\ gÂ’Yc`ZX j`\k\# \e leX \ok\e$ j`Â?e [\ ZlXi\ekX p j`\k\ d\kifj Zfe fZ_\ekX Z\ekˆd\kifj +.%/' d 2 p# gfi fkiX gXik\ Zfe k\ii\ef [\ gifg`\[X[ [\ cfj _\i\[\ifj [\ Cl`j 8c]i\[f MXi^Xj :Xe[f# \e leX \ok\ej`Â?e [\ ki\`ekX p j\`j d\kifj Zfe efm\ekX Z\ekˆd\kifj *-#0' d 2 GFI <C JLI# Zfe cX Hl\YiX[X JXe G\[if# \e leX \ok\ej`Â?e [\ ki\`ekX p Z`eZf d\kifj Zfe j\k\ekX p fZ_f Z\ekˆd\kifj *,#./ d # j`^l`\e[f cX d`jdX [`i\ZZ`Â?e \e leX \ok\ej`Â?e [\ ki\`ekX p ZlXkif d\kifj Zfe hl`e$ Z\ Z\ekˆd\kifj *+#(, d # j`^l`\e[f cX d`jdX [`i\ZZ`Â?e \e leX \ok\e$ j`Â?e [\ [`\Z`j„`j d\kifj Zfe Z\if el\m\ Z\ekˆd\kifj (-#'0 d \e leX gXik\2 p# gfi fkiX gXik\ Zfe k\ii\ef [\ gifg`\[X[ [\ cfj _\i\[\ifj [\ Cl`j 8c]i\[f MXi^Xj :Xe[f# \e leX \ok\ej`Â?e [\ [`\Z`el\m\ d\kifj Zfe ki\`ekX p j`\k\ Z\ekˆd\kifj (0#*. d j`^l`\e[f \c d`jdf Zlijf \e leX \ok\ej`Â?e [\ [`\Z`el\m\ d\kifj Zfe [fZ\ Z\ekˆd\kifj (0#() d 2 GFI <C <JK<# :fe k\ii\ef [\ gifg`\[X[ [\ cfj _\i\[\ifj [\ Cl`j 8c]i\[f MXi^Xj :Xe[f# \e leX gXik\ \e leX \ok\ej`Â?e [\ ZlXi\ekX p j`\k\ d\kifj Zfe ki\`ekX Z\ekˆd\kifj +.#*' d # \e fkiX gXik\ \e leX \ok\ej`Â?e [\ el\m\ d\kifj Zfe m\`ek\ Z\ekˆd\kifj 0#)' d 2 p# \e fkiX gXik\ \e leX \ok\ej`Â?e [\ ki\`ekX p le d\kifj Zfe ki\`ekX p le Z\ekˆd\kifj *(#*( d 2 p# GFI <C F<JK<# :fe gXjXa\ gi`mX[f [\ ki\j d\kifj [\ XeZ_f [\ gifg`\[X[ [\ cfj ZfdgiX[fi\j# \e leX \ok\e$ j`Â?e [\ ki\`ekX p [fj d\kifj Zfe m\`ek\ p fZ_f Z\ekˆd\kifj *)#)/ d \e leX gXik\2 p# \e fkiX gXik\ Zfe k\ii\ef [\ gifg`\[X[ [\ IfjX E`hl`e^X :_Xiif# \e leX \ok\ej`Â?e [\ Z`eZl\ekX p le d\kifj Zfe Z`e$ Zl\ekX p le Z\ekˆd\kifj ,(#,( d j`^l`\e[f cX d`jdX cˆe\X \e leX \ok\ej`Â?e [\ [`\Z`el\m\ d\kifj Zfe m\`ek\ p el\m\ Z\ekˆd\kifj (0#)0 d # \eki\ cfj j\ÂŒfi\j1 ;FCFI<J JLEK8J@> HL@D9@8D98# D8IĂ 8 CLQD@C8 HL@J?G< :?LIF2 D8I@8 <CM@8 :?LIF2 D8IĂ 8 G<KIFE8 :?LIF2 p# JLJ8E8 ;<C G@C8I :?LIF :?LC:8# \e ZXc`$ [X[ [\ M<E;<;FI<J p cfj j\ÂŒf$ i\j D8I@8 AF8HL@E8 M@M8E:F M@M8E:F P JL :äEPL>< G<;IF KFD8I<D8 KFII<J# \e ZXc`[X[ [\ :fdgiX[fi\j% Cf hl\ Zfdle`Zf Xc gÂ’Yc`Zf \e ^\e\iXc gXiX cfj ]`e\j [\ c\p% Hl`kf (/ [\ =\Yi\if [\c )%'((% ;I% D8I:F 8C98E ELz<Q EFK8I@F GL9C@:F ;<C :8EKFE GL<IKF HL@KF% ?Xp ]`idX p j\ccf 8:&./'+'&XX
ÄŠ
8M@JF 8C Gè9C@:F
EFK8I@8 èE@:8 ;<C :8EKäE GL<IKF HL@KF1 Gfi ef \eZfe$ kiXij\ `ejZi`kX \e \c I\^`jkif [\ cX Gifg`\[X[ [\c :XekÂ?e Hl`kf# p \e m`jkX [\ cf hl\ [`jgfe\ \c Xikˆ$ Zlcf j\k\Z`\ekfj el\m\ [\c :Â?[`^f :`m`c m`^\ek\# j\ gfe\ \e ZfefZ`$ d`\ekf [\c gÂ’Yc`Zf \e ^\e\iXc kXekf X g\ijfeXj eXkliXc\j Zfdf _X g\ijfeXj aliˆ[`ZXj hl\ \e \jkX EfkXiˆX j\ mX X gifZ\[\i X cX ]`idX [\c :fekiXkf [\ ZfdgiXm\ekX [\ le CFK< ;< K<II<EF hl\ j\ \eZl\e$ kiX lY`ZX[f \e \c 9Xii`f <C @E:8# g\ik\e\Z`\ek\ X cX gXiifhl`X [\ :?8LG@:ILQ# ZXekÂ?e p Z`l[X[ [\ Hl`kf# gifm`eZ`X [\ G`Z_`eZ_X# cfk\ [\ k\ii\ef hl\ k`\e\ leX jlg\i]`Z`\ kfkXc [\1 EFM<:@<EKFJ LE D<KIFJ :L8;I8;FJ 0'(#'' D) # Zfd$ gi\e[`[f [\ekif [\ cfj j`^l`\ek\j c`e[\ifj1 GFI <C EFIK<# :fe k\ii\$ ef [\ gifg`\[X[ [\ ?\i\[\ifj [\ D\iZ\[\j 9Xq}e# \e leX \ok\ej`Â?e [\ ki\`ekX p [fj d\kifj Zfe m\`ek\ p Z`eZf Z\ekˆd\kifj *)#), d 2 GFI <C JLI# Zfe gXjXa\ j`e efdYi\# \e leX \ok\ej`Â?e [\ m\`ek\ p ZlXkif d\kifj Zfe Z`eZl\ekX Z\ekˆd\kifj )+#,' d 2 GFI <C <JK<# :fe k\ii\$ ef [\ gifg`\[X[ [\ ?\i\[\ifj [\ G\[if 9Xq}e \e leX gXik\# \e leX \ok\ej`Â?e [\ ki\Z\ d\kifj Zfe ZlXi\ekX p j\`j Z\ekˆd\kifj (*#+- d 2 p# \e fkiX gXik\ Zfe gXjXa\ j`e efdYi\# \e leX \ok\ej`Â?e [\ [`\Z`j`\k\ d\kifj Zfe Z`eZl\ekX p ki\j Z\ekˆd\kifj (.#,* d 2 p# GFI <C F<JK<# :fe cX ZXcc\ gÂ’Yc`ZX cfj >lXYfj# \e leX \ok\ej`Â?e [\ ki\`ekX p [fj d\kifj Zfe ki\`ekX p j\`j Z\ekˆd\kifj *)#*- d # \eki\ cfj j\ÂŒfi\j1 AFJ< D8I@8 J@CM8 IFDF P JL :FEPL>< ?@C;8 IFJ8I@F 8I@8J 8I@8J# \e ZXc`$ [X[ [\ M<E;<;FI<J p \c j\ÂŒfi1 FJ:8I D8LI@:@F J@CM8 Ă?I@8J# \e ZXc`[X[ [\ :fdgiX[fi% Cf hl\ Zfdle`Zf Xc gÂ’Yc`Zf \e ^\e\iXc gXiX cfj ]`e\j [\ c\p% Hl`kf (/ [\ =\Yi\if [\c )%'(( ;I% D8I:F 8C98E ELz<Q EFK8I@F GL9C@:F ;<C :8EKFE GL<IKF HL@KF% ?Xp ]`idX p j\ccf 8:&./'*0&XX EFK8I@8 JyGK@D8 ;<C :8EKäE HL@KF 8M@JF 8C Gè9C@:F ;\ Zfe]fid`[X[ Zfe cf [`jgl\j$ kf \e \c Ef% )* [\c 8ik% (/ [\ cX C\p EfkXi`Xc# Zfdle`Zf Xc gÂ’Yc`$ Zf hl\ Zfe \jkX ]\Z_X# cfj Ji\j% Cl`j N`cc`Xd M`ccXZ`j >lXcXm`j` P 8eX ClZ`X :Xdgfm\i[\ :Xcc\# _Xe gifZ\[`[f X jljZi`Y`i cX \jZi`kliX [\ C`hl`[XZ`Â?e [\ cX JfZ`\[X[ [\ 9`\e\j [\ cX j`^l`\ek\ ]fidX1 ĂˆK<I:<I8%$ C@HL@;8:@äE%$ :fe cfj Xek\Z\[\ek\j \ogl\jkfj p Xc 8dgXif [\ cf [`jgl\jkf \e \c XikˆZlcf fZ_fZ`\ekfj [`\Z`el\m\ [\c :Â?[`^f [\ GifZ\[`d`\ekf :`m`c# cfj ZfdgXi\Z`\ek\j c`Yi\ p mfclekX$ i`Xd\ek\# Zfem`\e\e \e c`hl`[Xi cX JfZ`\[X[ [\ 9`\e\j hl\ k`\e\e ]fi$ dX[X X[al[`Z}e[fj\ i\ZˆgifZXd\e$ k\ cfj Y`\e\j X[hl`i`[fj [liXek\ cX Le`Â?e C`Yi\# \e cX ]fidX \jkXYc\Z`[X \e cX Zc}ljlcX j`^l`\ek\1 :L8IK8%$ 8;AL;@:8:@FE<J%$ 8 cX j\ÂŒfiX 8eX ClZˆX :Xdgfm\i[\ :Xcc\# gfi jl _XY\i \e cX jfZ`\[X[ [\ Y`\e\j# j\ c\ \eki\^X cX ZXek`[X[ [\ :@E:F D@C J<K<:@<EKFJ M<@EK< ;äC8I<J :FE F:?<EK8 P LE :<EK8MFJ## \e [`e\if \e \]\Zk`mf p X jl \ek\iX jXk`j]XZZ`Â?e# j`e hl\ k\e^X hl\ ]fi$ dlcXi e`e^Â’e i\ZcXdf gfi e`e^Â’e ZfeZ\gkf%$ 8c j\ÂŒfi Cl`j N`cc`Xd M`ccXZ`j >lXcXm`j`# gfi jl _XY\i \e cX jfZ`\[X[ [\ Y`\e\j# j\ c\ X[al[`ZX \c Z`eZl\ekX gfi Z`\ekf [\ [\i\Z_fj p XZZ`fe\j [\ cfk\ [\ k\ii\ef j`^$ eX[f Zfe \c eÂ’d\if Z`\ekf ki\`ekX p lef# j\Zkfi Gljlhl`# j`klX[f \e cX :ffg\iXk`mX [\ M`m`\e[X JXe >i\^fi`f C`d`kX[X# lY`ZX[X \e cX gXiifhl`X GfdXjhl`# ZXekÂ?e Hl`kf# Gifm`eZ`X G`Z_`eZ_X# cfk\ hl\ \jkX Zfdgi\e[`[f [\ekif [\ cfj j`^l`\e$ k\j c`e[\ifj ^\e\iXc\j1 EFIK<1 cfk\ Z`\ekf ki\`ekX# \e m\`ek\ d\kifj ZlX$ kif Z\ekˆd\kifj2 JLI1 cfk\ Z`\ekf j\j\ekX# \e [`\q p el\m\ d\kifj [fj Z\ekˆd\kifj2 <JK<1 Zfe cX ZXcc\ 8# \e ZXkfiZ\ d\kifj2 p# F<JK<1 Zfe cfk\j Z`\ekf ki\`ekX p [fj p Z`\e$ kf Z`eZl\ekX p el\m\# \e hl`eZ\ d\kifj% :fe leX jlg\i]`Z`\ kfkXc [\ ;FJ:@<EKFJ F:?<EK8 P J@<K< D<KIFJ :L8;I8;FJ :FE LE ;<:@D<KIF :L8;I8;FÉ%%% CXj g\ijfeXj hl\ Zfej`[\i\e k\e\i [\i\Z_f X fgfe\ij\ X \jkX c`hl`$ [XZ`Â?e# [\Y\i}e dXe`]\jkXicf gfi \jZi`kf Xc jljZi`kf EfkXi`f# \e le gcXqf ef dXpfi X )' [ˆXj ZfekX[fj [\j[\ \jkX ]\Z_X# \e cXj f]`Z`eXj [\ cX EfkXiˆX# lY`ZX[Xj \e cX 8m% J\`j [\ ;`Z`\dYi\ Ef% (*+ p Jf[`if [\ \jkX Z`l[X[% ;DM
Ĺ? Ĺ?
Ĺ?
Ĺ? Ĺ?
Ĺ?
Ä Ä€
g Ĺ? ĂăĹ? Ĺ? Ĺ? Ĺ?Ä‚Ä€Ä Ä
Ĺ? +. Ĺ? ÄŒĹ?
Hl`kf# ]\Yi\if (/ [\c )%'(' ;i% Cl`j MXi^Xj ?`efjkifqX EfkXi`f J„gk`df [\ Hl`kf% ?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 ;<=<E JF I 1 ; 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 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# X ]`e [\ hl\ \e \c k„id`ef [\ hl`eZ\ [ˆXj cX Zfek\jk\e gifgfe`\e[f cXj \oZ\gZ`fe\j [`cX$ kfi`Xj p g\i\ekfi`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\jgfe$ [`\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$ 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\ kfdXi} \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\[\j# \j ZcXiX p i\le\ cfj [\d}j i\hl`j`$ kfj [\ c\p%$ <e Zfej\Zl\eZ`X# Zˆk\j\ Zfe cX [\dXe[X# ZXc`]`ZXZ`Â?e# i\]fi$ dX 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 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# 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 Zfe$ k\jk\e gifgfe`\e[f cXj \oZ\gZ`fe\j [`cXkfi`Xj p g\i\ekfi`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 <OKI8:KF AL;@:@8C ALQ>8;F JyGK@DF ;< CF :@M@C ;< G@:?@E:?8 :@K8:@äE AL;@:@8C 81 CL:@C8 :C<D<E:@8 CFG<Q GL<;D8 8:KFI1 J<>LE;F =I8E:@J:F C<FE D8IHL@E8 ;<D8E;8;81 CL:@C8 :C<D<E:@8 CFG<Q GL<;D8 AL@:@F1 @EJFCM<E:@8 Ef (,(/$ )'('$:D KI8D@K<1 <JG<:@8C :L8EK@81 @E;<K<ID@E8;8 GIFM@;<E:@81 ALQ>8;F JyGK@DF ;< CF :@M@C ;< G@:?@E:?8% Hl`kf# cle\j )) [\ efm`\dYi\ [\c )'('# cXj '/_+'%$ M@JKFJ1 8mfZf ZfefZ`d`\ekf [\ cX gi\j\ek\ ZXljX# \e d` ZXc`[X[ [\ Al\q k`klcXi [\ \jkX Al[`ZXkliX% CX [\dXe[X hl\ Xek\Z\[\ \j ZcXiX# Zfdgc\kX p i\Â’e\ cfj [\d}j i\hl`j`kfj [\ c\p% ;\ cXj Zfg`Xj Z\ik`]`ZX[Xj hl\ j\ XZfdgXÂŒXe# j\ [\jgi\e[\ hl\ cX [\dXe[X[X j\ÂŒfiX CL:@C8 :C<D<E:@8 CFG<Q GL<;D8# 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 :f[`]`ZX[f# gfi cf hl\ j\ gi\jld\ jl `ejfcm\eZ`X p j\ [\ZcXiX Zfe cl^Xi Xc ZfeZlijf [\ XZi\\[fi\j% <e Zfej\Zl\eZ`X# gifZ„[Xj\ X cX fZlgXZ`Â?e p [\gÂ?j`kfj [\ jlj Y`\$ e\j# c`Yifj# Zfii\jgfe[\eZ`X p d}j [fZld\ekfj [\ cX ]Xcc`[X# cfj d`j$ dfj hl\ j\ \eki\^Xi}e Xc jˆe[`Zf [\c ZfeZlijf ;i% 8ieXc[f =`Xccfj# Zfe hl`\e j\ ZfekXi} \e cX gi\j\e$ k\ ZXljX% GlYcˆhl\j\ cX ]fidXZ`Â?e [\c ZfeZlijf \e lef [\ cfj [`Xi`fj [\ dXpfi Z`iZlcXZ`Â?e [\ \jkX Z`l$ [X[ [\ Hl`kf# fgfikleXd\ek\ j\ j\ÂŒXcXi} [ˆX p _fiX gXiX cX alekX [\ XZi\\[fi\j% Hl\ j\ XZldlc\ kf[fj cfj al`Z`fj j\^l`[fj \e ZfekiX [\ cX [\l[fiX 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\e$ Z`X% CX [\l[fiX \e \c k„id`ef [\ fZ_f [ˆXj gi\j\ek\ \c YXcXeZ\ [\ jlj Y`\e\j \e ]fidX c\^Xc% :fdf cX ]Xcc`[X hl\[X \e `ek\i[`ZZ`Â?e [\ X[d`e`jkiXi jlj Y`\e\j# efk`]ˆ$ hl\j\ Xc j\ÂŒfi I\^`jkiX[fi [\ cX Gifg`\[X[ [\c ZXekÂ?e X ]`e [\ hl\ j\ `ejZi`YX cX gi\j\ek\ [\dXe[X# Xjˆ Zfdf kXdY`„e X cfj >\i\ek\j [\ cfj 9XeZfj [\ cX Z`l[X[# Al\Z\j
Ĺ?
[\ cf :`m`c [\ G`Z_`eZ_X# ;`i\ZZ`Â?e [\ D`^iXZ`Â?e# Jlg\i`ek\e[\ek\ [\ 9XeZfj# Jlg\i`ek\e[\ek\ [\ :fdgXŒˆXj# :fej\af EXZ`feXc <c\ZkfiXc# ;`i\Zkfi >\e\iXc [\c I\^`jkif :`m`c# @[\ek`]`ZXZ`Â?e p :\[lcXZ`Â?e# EfkXiˆXj [\c ZXekÂ?e Hl`kf# I\^`jkif D\iZXek`c# I\^`jkif [\ cX Gifg`\[X[# j`e g\ial`Z`f [\ \jkX [\ZcXiXkfi`X# cX [\l[fiX \e \c k„id`ef [\ ki\j [ˆXj [\ j\i c\^Xc$ d\ek\ Z`kX[X# gf[i} fgfe\ij\ X cX `ejfcm\eZ`X# gX^Xe[f cX [\l[X f [`d`k`\e[f Y`\e\j jXe\X[fj p jl]`$ Z`\ek\j% <e d„i`kf [\c aliXd\ekf hl\ i\Xc`qX \c XZkfi \e \c hl\ [\ZcXiX cX `dgfj`Y`c`[X[ [\ [\k\id`eXi cX `e[`m`[lXc`[X[ f i\j`[\eZ`X [\ cX [\dXe[X[X# p [\ Zfe]fid`[X[ Zfe cf hl\ [`jgfe\ \c 8ik% /) [\c :Â?[`^f [\ GifZ\[`d`\ekf :`m`c :f[`]`ZX[f# j\ [`jgfe\ Z`kXi X cX [\dXe[X[X j\ÂŒfiX ClZ`cX :c\d\eZ`X CÂ?g\q Gl\[dX# gfi cX gi\ejX \e lef [\ cfj [`Xi`fj [\ dXpfi Z`iZlcXZ`Â?e hl\ j\ \[`kX \e \jkX Z`l[X[ [\ Hl`kf% 8^i„^l\ej\ Xc gifZ\jf cfj [fZld\ekfj hl\ j\ XZfdgXÂŒXe% K„e^Xj\ \e Zl\ekX \c ZXj`cc\if al[`Z`Xc j\ÂŒXcX[f gfi \c ZfdgXi\$ Z`\ek\%$ EFK@=@HL<J<% = ;i% 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<Gè9C@:8 ;<C <:L8;FI ALQ>8;F J<>LE;F ;< CF :@M@C ;< G@:?@E:?8 :@K8:@FE AL;@:@8C 81 8EE<KK< >L;<ELJ 98I@CC8J# \e ZXc`[X[ [\ I\gi\j\ekXek\ C\^Xc [\ Dfcfc\d >Xi[\ej J% 8% 8:KFI1 @e^% :<J8I 8L>LJKF ;@8Q <I:FC<# \e ZXc`[X[ [\ >\i\ek\ >\e\iXc [\ cX ZfdgX$ ŒˆX :FIIL>8;FI8 E8:@FE8C :I8EJ8 J%8% ; < D 8 E ;8 ;8 1 8 E E < K K < >L;<ELJ 98I@CC8J# \e ZXc`[X[ [\ I\gi\j\ekXek\ C\^Xc [\ Dfcfc\d >Xi[\ej J% 8% AL@:@F M<I98C JLD8I@F Ef% (*''$)''0$?%>% :L8EKĂ 81 LJ;% (,%'''%ff ALQ>8;F J<>LE;F ;< CF :@M@C ;< G@:?@E:?8% Hl`kf# '( [\ fZkl$ Yi\ [\c )''0# cXj '0_+-% M@JKFJ %$ 8mfZf ZfefZ`d`\ekf [\ cX gi\j\ek\ ZXljX \e ZXc`[X[ [\ Al\q K\dgfiXc [\c Alq^X[f J\^le[f [\ cf :`m`c [\ G`Z_`eZ_X # d\[`Xek\ 8ZZ`Â?e [\ g\ijfeXc Ef% ))()$ ;G $;GG# [\ ]\Z_X ( [\ FZklYi\ [\c )''0 %$ <e cf gi`eZ`gXc# cX [\dXe[X hl\ Xek\Z\[\ \j ZcXiX# gi\Z`jX Zfdgc\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# <DGI<J8 DFCFC<D >8I;<EJ J%8% # \e cX g\ijfeX [\ jl >\i\ek\ >\e\iXc p Zfdf kXc I\gi\j\ekXek\ C\^Xc cX j\ÂŒfiX 8EE<KK< >L;<ELJ 98I@CC8J# \e \c cl^Xi hl\ j\ `e[`$ ZX p \e ]fidX G<IJFE8# d\[`Xe$ k\ [\gi\ZXkfi`f hl\ j\ \em`Xi} Xc j\ÂŒfi Al\q [\ cf :`m`c [\ KXYXZle[f# X hl`\e j\ j\ \em`Xi} [\jgXZ_f \e ]fidX %$ 8^i\^l\j\ cX [fZld\ekX$ Z`Â?e hl\ j\ XZfdgXÂŒX %$ K„e^Xj\ \e Zl\ekX \c ZXj`cc\if al[`Z`Xc [\j`^$ eX[f gfi \c XZZ`feXek\ p cX ZXc`[X[ \e cX hl\ ZfdgXi\Z\ [\Yˆ[Xd\ek\ aljk`]`ZX[f Zfe \c [fZld\ekf hl\ j\ XZfdgXÂŒX %$ Efk`]ˆhl\j\ %$ ] ;i% =\c`g\ @e]Xek\# Al\q ALQ>8;F J<>LE;F ;< CF :@M@C ;< G@:?@E:?8% Hl`kf# m`\ie\j '. [\ \e\if [\c )'((# cXj ('_)0% 8^i„^l\j\ Xc ZlX[\ief gifZ\jXc \c \jZi`kf hl\ Xek\Z\[\%$ 8k\ekf aliXd\ekf i\e[`[f gfi \c XZZ`f$ eXek\ p [\ Zfe]fid`[X[ Zfe cf [`jgl\jkf \e \c 8ik% /) [\c :Â?[`^f [\ GifZ\[`d`\ekf :`m`c# j\ [`jgf$ e\ :@K8I X cX j\ÂŒfiX 8EE<KK< >L;<ELJ 98I@CC8J# \e ZXc`[X[ [\ >\i\ek\ p I\gi\j\ekXek\ C\^Xc [\ cX \dgi\jX DFCFC<D >8I;<EJ J% 8%# gfi cX gi\ejX \e lef [\ cfj g\i`Â?[`Zfj [\ dXpfi Z`iZlcXZ`Â?e [\ \jkX :`l[X[ [\ Hl`kf# gXiX cf ZlXc Zfe]`„iXj\ \c \okiXZkf i\jg\Z$ k`mf%$ EFK@=Ă HL<J<%$ ] ;i% =XYi`Z`f 9\kXeZflik# Al\q <eZXi^X[f% Cf hl\ gfe^f \e ZfefZ`d`\ekf [\c gÂ’Yc`Zf p :@KF gXiX cfj i\j$ g\Zk`mfj ]`e\j [\ c\p# gi\m`e`„e[fc\ cX fYc`^XZ`Â?e hl\ k`\e\ [\ j\ÂŒX$ cXi 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:&./')*&XX 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
Fed bei e`ei [d j_ c_ice o ]k|hZWj[ Z[ `kp]Wh bWi eXhWi W`[dWi$ A;CF?I
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\ej\ 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\$ [`XkX 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\ÂŒXcXe% 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 I<Gè9C@:8 ;<C <:L8;FI ALQ>8;F EFM<EF ;< CF :@M@C ;< G@:?@E:?8 HL@KF$<:L8;FI <OKI8:KF :@K8:@äE AL;@:@8C 8 =CFIK<: J%8 \e cX g\ijfeX [\ jl >\i\ek\ ^\e\iXc p I\gi\j\ekXek\ C\^Xc <C J<zFI :<J8I 8C9<IKF 98?8DFE;< C<;<I><I9<I AL@:@F Ef .()$)''0AG KIĂ?D@K< M<I98C JLD8I@F :L8EKĂ 8 LJ;% ,.%'''#ff 8:KFI :<J8I 8L>LJKF ;@8Q <I:FC< ><I<EK< ><E<I8C ;< C8 :FDG8zĂ 8 :FIIL>8;FI8 E8:@FE8C :I8EJ8 J%8 ;<D8E;8;F1 8 =CFIK<: J%8 \e cX g\ijfeX [\ jl >\i\ek\ ^\e\iXc p I\gi\j\ekXek\ C\^Xc <C J<zFI :<J8I 8C9<IKF 98?8DFE;< C<;<I><I9<I GIFM@;<E:@8%$ ALQ>8;F EFM<EF ;< CF :@M@C ;< G@:?@E:?8%$ HL@KF# '. [\ alc`f [\c )''0# cXj '/_)0%$ M@JKFJ1 <e m`ikl[ [\c jfik\f i\Xc`qX[f# XmfZf ZfefZ`d`\ekf [\ cX gi\j\ek\ ZXljX \e d` ZXc`[X[ [\ Al\q k`klcXi# c\^Xcd\ek\ gfj\j`feX[f%$ <e cf gi`eZ`gXc# cX [\dXe[X gi\j\ekX[X# \j ZcXiX p gi\Z`jX gfi cf hl\ j\ cX XZ\gkX X ki}d`k\ M\iYXc JldXi`f%$ <e Zfej\Zl\eZ`X ZÂ?iiXj\ kiXjcX[f Zfe cX [\dXe[X p \jkX gifm`[\eZ`X X cX \dgi\jX =CFIK<: J%8% \e cX g\ijfeX [\ jl >\i\ek\ >\e\iXc# \e cX g\ijfeX [\ jl >\i\ek\ >\e\iXc p Zfdf kXc i\gi\j\ekXek\ C\^Xc \c j\ÂŒfi :„jXi 8cY\ikf 9X_Xdfe[\ C\[\i^\iY\i# X hl`\e j\ c\ Z`kX$ i} \e cX [`i\ZZ`Â?e hl\ j\ `e[`ZX# d\[`Xek\ Zfd`j`Â?e c`YiX[X Xc j\ÂŒfi K\e`\ek\ Gfcˆk`Zf [\ cX GXiifhl`X >lXpccXYXdYX%$ 8^i„^l\ej\ Xc gifZ\jf cfj [fZld\ekfj gi\$ j\ekX[fj%$ K„e^Xj\ \e Zl\ekX \c ZXj`cc\if p [fd`Z`c`f al[`Z`Xc [\j`^$ eX[fj%$ EFK@=@HL<J<%$ = A8@D< :8EJ<:F >L<II<IF AL<Q %% ALQ>8;F EFM<EF ;< CF
REPUBLICA DEL ECUADOR SUPERINTENDENCIA DE COMPAĂ‘IAS
EXTRACTO CONSTITUCIĂ“N DE LA COMPAĂ‘Ă?A INMORUTERCONS S.A. La compaĂąĂa INMORUTERCONS S.A. se constituyĂł por escritura pĂşblica otorgada ante el Notario TrigĂŠsimo SĂŠptimo del Distrito Metropolitano de Quito, el 15 de Febrero de 2011, fue aprobada por la Superintendencia de CompaĂąĂas, mediante ResoluciĂłn SC.IJ.DJC.Q.11.000785 de 21 de Febrero de 2011.
:@M@C ;< G@:?@E:?8%$ HL@KF# cle\j *' [\ X^fjkf [\c )'('# cXj (+_,.%$ 8k\ekf cf jfc`Z`kX[f p gfi ZlXekf \c j\ÂŒfi :<J8I 8L>LJKF ;@8Q <I:FC< \e jl ZXc`[X[ [\ >\i\ek\ >\e\iXc [\ cX ZfdgXŒˆX :fiil^X[fiX EXZ`feXc :I8EJ8 J%8%# _X ZfdgXi\Z`[f X „jkX al[`$ ZXkliX X iXk`]`ZXij\ \e jl aliXd\e$ kf i\e[`[f# Zfej\Zl\ek\d\ek\ Zˆk\j\ Xc j\ÂŒfi :<J8I 8C9<IKF 98?8DFE;< C<;<I><I9<I# gfi d\[`f [\ glYc`ZXZ`fe\j \e lef [\ cfj [`Xi`fj [\ dXpfi Z`iZlcXZ`Â?e p hl\ j\ \[`kXe \e „jkX Z`l[X[ [\ Hl`kf%$ EFK@=@HL<J<% CF HL< :FDLE@:F 8 LJK<; G8I8 CFJ =@E<J ;< C<P% ;i% Alc`f :„jXi DlÂŒfq J<:I<K8I@F ALQ>8;F EFM<EF ;< CF :@M@C ;< GĂ :?@E:?8 ?Xp le j\ccf
8:&./')+&ZZ <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\’e\ cfj [\d}j i\hl`j`kfj [\
c\p# [\ cXj Zfg`Xj Z\ik`]`ZX[Xj hl\ j\ XZfdgXŒXe# j\ [\jgi\e[\ hl\ \c [\dXe[X[f j\ŒfiX ;@<>F 8ID8E;F :8ICFJ8D8 HL@KF # j\ _XccX Zfdgi\e[`[X \e cX j`klX$ Z`�e gi\jZi`kX \e \c 8ik% ,(0 [\c :�[`^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\\[fi\j% <e Zfej\Zl\eZ`X# gif$ Z„[Xj\ X cX fZlgXZ`�e p [\g�j`kfj [\ jlj Y`\e\j# c`Yifj# Zfii\jgfe$ [\eZ`X p d}j [fZld\ekfj [\c ]Xcc`$ [f# cfj d`jdfj hl\ j\ \eki\^Xi}e Xc jˆe[`Zf [\c ZfeZlijf ;i% 8ieXc[f =`Xccfj# glYcˆhl\j\ cX ]fidXZ`�e [\c ZfeZlijf \e lef [\ cfj [`Xi`fj [\ dXpfi Z`iZlcXZ`�e [\ \jkX Z`l$ [X[ [\ Hl`kf# fgfikleXd\ek\ j\ j\ŒXcXi} [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
REPUBLICA DEL ECUADOR SUPERINTENDENCIA DE COMPAĂ‘IAS
EXTRACTO DE LA ESCRITURA PĂšBLICA DE CAMBIO DE NOMBRE DE CONTYCOM CONSTRUCCION Y COMERCIO CIA. LTDA. POR EL DE CONTYCOM COMPAĂ‘IA LIMITADA ASUNTOS LEGALES, MERCANTILES Y COMERCIALES, AUMENTO DE CAPITAL Y REFORMA DE ESTATUTOS. 1. ANTECEDENTES.- CONTYCOM CONSTRUCCION Y COMERCIO CIA. LTDA., se constituyĂł mediante escritura pĂşblica otorgada ante el Notario DĂŠcimo Octavo Distrito Metropolitano de Quito, el 15/3/1993, aprobada mediante ResoluciĂłn No. 588 de 30/3/1993, e inscrita en el Registro Mercantil del Distrito Metropolitano de Quito el 13/4/1993. 2. CELEBRACIĂ“N Y APROBACIĂ“N.- La escritura pĂşblica de cambio de nombre CONTYCOM CONSTRUCCION Y COMERCIO CIA. LTDA. por el de CONTYCOM COMPAĂ‘IA LIMITADA ASUNTOS LEGALES, MERCANTILES Y COMERCIALES, aumento de capital y la reforma de estatutos otorgadas el 8 de Diciembre de 2010 ante el Notario Tercero del Distrito Metropolitano de Quito, actos societarios aprobados por la Superintendencia de CompaĂąĂas, mediante ResoluciĂłn No. SC.IJ.DJC. Q.11.000674 de 14 de febrero de 2011. 3.- OTORGANTE.- Comparece al otorgamiento de la escritura pĂşblica antes mencionada, el seĂąor CARPIO MONTERO WILFRIDO ANGEL en su calidad de gerente general, de estado civil casado, de nacionalidad ecuatoriana y domiciliado en el Distrito Metropolitano de Quito. 4. CAMBIO DE NOMBRE, AUMENTO DE CAPITAL, REFORMA DE ESTATUTOS Y PUBLICACIĂ“N.- La Superintendencia de CompaĂąĂas mediante ResoluciĂłn No. SC.IJ.DJC.Q.11.000674 de 14 de febrero de 2011 aprobĂł el cambio de nombre de CONTYCOM CONSTRUCCION Y COMERCIO CIA. LTDA. por el de CONTYCOM COMPAĂ‘IA LIMITADA ASUNTOS LEGALES, MERCANTILES Y COMERCIALES, el aumento de capital suscrito en US$ 600.00 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 CONTYCOM CONSTRUCCION Y COMERCIO CIA. LTDA. por el de CONTYCOM COMPAĂ‘IA LIMITADA ASUNTOS LEGALES, MERCANTILES Y COMERCIALES, 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 presente escritura pĂşblica la compaĂąĂa reforma los ArtĂculos Primero, Segundo y SĂŠptimo del estatuto, de la siguiente manera:
1.- DOMICILIO: Distrito Metropolitano de Quito, provincia de Pichincha.
“ARTĂ?CULO PRIMERO: NATURALEZA Y DENOMINACION.- Se reemplaza la denominaciĂłn actual, por la siguiente: CONTYCOM COMPAĂ‘Ă?A LIMITADA ASUNTOS LEGALES, MERCANTILES Y COMERCIALES.â€?
2.- CAPITAL: Suscrito US$ 800,00 NĂşmero de Acciones 800 Valor US$ 1,00
“ARTĂ?CULO SEGUNDO.- OBJETO SOCIAL.... Realizar actividades y ofrecer servicios de consultorĂa, asesorĂa y capacitaciĂłn a empresas pĂşblicas, privadas ya terceros en general....â€?
3.- OBJETO: El objeto de la compaĂąĂa es: A) LA COMPRA, VENTA, PERMUTA Y ARRENDAMIENTO DE TODO TIPO DE BIENES INMUEBLES, LAADMINISTRACIĂ“N Y MANTENIMIENTO DE TODA CLASE DE BIENES INMUEBLES,...
“ARTICULO SEPTIMO.- CAPITAL SOCIAL: El capital social de la compaĂąĂa es de UN MIL DOLARES DE LOS ESTADOS UNIDOS DE AMERICA (USD 1.000.00) dividido en quinientas participaciones iguales indivisibles de DOS DOLARES DE LOS ESTADOS UNIDOS DE AMERICA (USD 2.00) cada una.â€? Quito, 14 de febrero de 2011
Quito, 21 de Febrero de 2011. Dr. Oswaldo Noboa LeĂłn DIRECTOR JURĂ?DICO DE COMPAĂ‘Ă?AS AR/81709/cc
Dr. Oswaldo Noboa LeĂłn DIRECTOR JURĂ?DICO DE COMPAĂ‘Ă?AS AR/81654/cc
_XZ\i% I\dˆkXj\ Zfg`Xj e\Z\jXi`Xj X lef [\ cfj j\ÂŒfi\j Al\Z\j [\ cf G\eXc [\ \jkX gifm`eZ`X# gXiX cX ZXc`$ ]`ZXZ`Â?e [\ cX `ejfcm\eZ`X% <c [\l[fi \e \c k„id`ef [\ fZ_f [ˆXj gi\j\ek\ \c YXcXeZ\ [\ jlj Y`\e\j \e ]fidX c\^Xc% :fdf \c ]Xcc`[f hl\[X \e `ek\i$ [`ZZ`Â?e [\ X[d`e`jkiXi jlj Y`\e\j# efk`]ˆhl\j\ Xc j\ÂŒfi I\^`jkiX[fi [\ cX Gifg`\[X[ [\c ZXekÂ?e# Xjˆ Zfdf kXdY`„e X cfj >\i\ek\j [\ cfj 9XeZfj [\ cX Z`l[X[# Al\Z\j [\ cf :`m`c [\ G`Z_`eZ_X# ;`i\ZZ`Â?e [\ D`^iXZ`Â?e# ;`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 :\[lcXZ`Â?e# :fekiXcfi >\e\iXc [\c <jkX[f# EfkXiˆXj [\c ZXekÂ?e Hl`kf# Ki`YleXc Jlgi\df <c\ZkfiXc# I\^`jkif D\iZXek`c# D`e`jk\i`f [\ I\cXZ`fe\j <ok\i`fi# @<JJ# @<:<# ;`i\Zkfi [\c J\im`Z`f [\ I\ekXj @ek\ieXj# j`e g\ial`Z`f [\ \jkX [\ZcXiXkfi`X# \c [\l[fi \e \c k„i$ d`ef [\ ki\j [ˆXj [\ j\i c\^Xc$ d\ek\ Z`kX[X# gf[i} fgfe\ij\ X cX `ejfcm\eZ`X# gX^Xe[f cX [\l[X f [`d`k`\e[f Y`\e\j jXe\X[fj p jl]`Z`\ek\j%$ :ˆk\j\ Xc [\dXe[X[f# \e \c cl^Xi j\ÂŒXcX[f gXiX \c \]\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[ [\ [\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 ALQ>8;F :L8IKF ;< CF :@M@C ;< G@:?@E:?8 :@K8:@äE AL;@:@8C O8M@<I G8KI@:@F ?8I9 :FI;<IF p CFC@K8 ;<C IF:@F ?LIK8;F JL8I<Q% J\ c\j _XZ\ ZfefZ\i \c <OKI8:KF# [\ [\dXe[X 'I;@E8I@8 ;< GI<J:I@G:@äE <OKI8FI;@E8I@8 8;HL@J@K@M8 ;< ;FD@E@F P C8 GIFM@;<E:@8 HL< 8 :FEK@EL8:@äE J@>L<1 <OKI8:KF1 8:KFI1 J<>LE;F D8I@F >8D9FP :8A8J ;<D8E;8;FJ1 O8M@<I G8KI@:@F ?8I9 :FI;<IF p CFC@K8 ;<C IF:@F ?LIK8;F JL8I<Q% 8JLEKF1 Hl\ gi\m`f \c ki}d`$ k\ g\ik`e\ek\# \e j\ek\eZ`X j\ c\ [\ZcXi\ X jl ]Xmfi CX Gi\jZi`gZ`Â?e <okiXfi[`eXi`X 8[hl`j`k`mX [\ ;fd`e`f# jfYi\ \c cfZXc Zfd\iZ`Xc Ef% ++$9# E`m\c Gi`d\i JlYjl\cf d\efj le d\kif j\k\Z`\ekfj [fj Z\ekˆd\kifj hl\ ]fidX gXik\ [\c <[`]`Z`f :\ekif :fd\iZ`Xc <jg`iXc j`klX[f \e cX GXiifhl`X JXekX Gi`jZX [\c ZXekÂ?e Hl`kf Gifm`eZ`X [\ G`Z_`eZ_X%$ KI8D@K<1 Fi[`eXi`f%$ :L8EK@8%$ @e[\k\id`eX[X%$ =<:?8 ;< @E@:@8:@äE1 ), [\ efm`\dYi\ [\c )'('%$ ;FD@:@C@F C<>8C1 :Xj`ccX Al[`Z`Xc Ef% *+0 ;i% ;leb\i DfiXc\j %$ AL@:@F FI;@E8I@F Ef% (-(.$)'(' 99 GIFM@;<E:@8 ALQ>8;F :L8IKF ;< CF :@M@C ;< G@:?@E:?8% Hl`kf# d`„iZfc\j 0 [\ \e\if [\c )'((# cXj (,_'0%$ M@JKFJ%$ <e m`ikl[ X cf [`jgl\jkf gfi cX :fik\ Gifm`eZ`Xc [\ G`Z_`eZ_X# J\^le[X JXcX [\ cf :`m`c# D\iZXek`c#
@ehl`c`eXkf p DXk\i`Xj I\j`[lXc\j%$ CX [\dXe[X ]fidlcX[X \j ZcXiX# gi\$ Z`jX p i\Â’e\ cfj i\hl`j`kfj [\ C\p# \e Zfe Zfej\Zl\eZ`X j\ cf X[d`k\ Xc ki}d`k\ \e al`Z`f fi[`eXi`f% %$8k\ekf \c aliXd\ekf i\e[`[f gfi \c XZkfi p [\ Zfe]fid`[X[ X cf [`jgl\jkf gfi \c 8ik% /) [\c :Â?[`^f [\ GifZ\[`d`\ekf :`m`c Zˆk\j\ X cfj [\dXe[X[fj j\ÂŒfi\j O8M@<I G8KI@:@F ?8I9 :FI;<IF p CFC@K8 ;<C IF:@F ?LIK8;F JL8I<Q \e lef [\ cfj g\i`Â?[`Zfj [\ dXpfi Z`iZlcXZ`Â?e p hl\ j\ \[`kXe \e \jkX Z`l[X[ [\ Hl`kf X ]`e [\ hl\ \e \c k„id`ef [\ hl`eZ\ [ˆXj [\e Zfek\jkXZ`Â?e X cX d`jdX gifgfe`\e[f cXj \oZ\gZ`f$ e\j [`cXkfi`Xj p g\i\ekfi`Xj hl\ j\ Zi\p\i\e Xj`jk`[fj YXaf gi\m\eZ`f$ e\j [\ C\p%$ 8c \]\Zkf# Zfe]`„iXj\ \c \okiXZkf i\jg\Zk`mf%$ ;\ Zfe]fid`$ [X[ Zfe cf [`jgl\jkf \e \c 8ik% (%''' [\c :Â?[`^f [\ GifZ\[`d`\ekf :`m`c p cX eXkliXc\qX [\ cX ZXljX `ejZiˆYX$ j\ cX [\dXe[X \e \c I\^`jkif [\ cX Gifg`\[X[ i\jg\Zk`mf# Xek\j [\ j\i Z`kX[fj cfj [\dXe[X[fj%$ K„e^Xj\ \e Zl\ekX \c [fd`Z`c`f j\ÂŒXcX[f gfi cX gXik\ XZkfiX% 8^i„^l\j\ cX [fZl$ d\ekXZ`Â?e XZfdgXÂŒX[X% :l„ek\j\ Zfe \c @% Dle`Z`g`f D\kifgfc`kXef [\ Hl`kf% Efk`]ˆhl\j\%$ ;I% G8KI@:@F M8:8 HL@A8EF % AL<Q Cf hl\ gfe^f \e jl ZfefZ`d`\ekf gXiX cfj ]`e\j [\ c\p# X[m`ik`„e[fc\ [\ cX fYc`^XZ`Â?e hl\ k`\e\ [\ j\ÂŒXcXi ZXj`ccX al[`Z`Xc [\c GXcXZ`f [\ Aljk`Z`X [\ \jkX Z`l[X[ [\ Hl`kf# gXiX i\Z`Y`i ]lkliXj efk`]`ZXZ`fe\j%$ C:;F% CL@J 98I8?FE8 DFI<EF% J<:I<K8I@F < ?Xp ]`idX p j\ccf 8:&..0--&XX I<Gè9C@:8 ;<C <:L8;FI <OKI8:KF M@JKF 9L<EF E— )'/'$)'(($9: 8:KFI1 =<IE8E;F GFE:< C<FE 8::@FE8;81 JI8% O@D<E8 G8FC8 8C;8E8 :8LJ8C1 ( ;<C 8IK% (.) :ä;@>F ;<C KI898AF% ;\ekif [\c Ki}d`k\ [\ M`jkf 9l\ef E— ,')-$)'(($9:# gi\j\ekX[X gfi
REPUBLICA DEL ECUADOR SUPERINTENDENCIA DE COMPAĂ‘IAS
EXTRACTO DE LA ESCRITURA PĂšBLICA DE CAMBIO DE NOMBRE DE INMOBILIARIA SAN BENJAMIN S.A. por el de INMOBILIARIA & PISCICOLA SAN BENJAMIN S.A., Y REFORMA DE ESTATUTOS
BW `kij_Y_W [i [b Wfeoe Z[b ckdZe" o bW _d`kij_Y_W [b eh_][d o cWdWdj_Wb Z[ jeZWi bWi YWbWc_ZWZ[i gk[ b[ W\b_][d$ 87HâD :; >EB879>
\c X j\ÂŒfi X =<IE8E;F GFE:< C<FE# ;`i\Zkfi EXZ`feXc [\ cX =le[XZ`Â?e J<IM@:@F A<JL@K8 8 I<=L>@8;FJ# \e ZXc`[X[ [\ \dgc\X[fi X # \e ZfekiX [\c X j\ÂŒfi X O@D<E8 G8FC8 8C;8E8# \e ZXc`[X[ [\ kiX$ YXaX[fi X # j\ _X [`ZkX[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— ,')-$)'(($9:# gi\j\ekX[X gfi \c X j\ÂŒfi X =<IE8E;F GFE:< C<FE# ;`i\Zkfi EXZ`feXc [\ cX =le[XZ`Â?e J<IM@:@F A<JL@K8 8 I<=L>@8;FJ# \e ZXc`$ [X[ [\ \dgc\X[fi X # \e ZfekiX [\c X j\ÂŒfi X O@D<E8 G8FC8 8C;8E8# \e jl ZXc`[X[ [\ kiXYXaX$ [fiX2 cX d`jdX hl\ gfi j\i [\ c\p j\ cX XZ\gkX Xc ki}d`k\%$ <e cf gi`eZ`gXc 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\ X cX kiXYX$ aX[fiX 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 [\ cX XZZ`f$ eX[X# 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`feXc [\c [\i\Z_f hl\ jljZi`Y\ \e cX gi\$ j\ek\ ZXljX% EFK@=Ă HL<J< ] 8Y^% 9Xpife :XYi\iX C\dX% Cf hl\ Zfdle`Zf gXiX cfj ]`e\j [\ C\p% 89% 98PIFE :89I<I8 @EJG<:KFI ;< KI898AF ;< G@:?@E:?8 ?Xp ]`idX p j\ccf 8:&..0/)&XX
8ELC8:@FE<J
BANCO PICHINCHA K`gf [\ [fZld\ekf1 G8G<C :FD<I:@8C# Eld\if [\ [fZld\e$ kf1 ++*''*2 MXcfi1 *'%'''%'' LJ;2 EfdYi\ [\c Y\e\]`Z`Xi`f f X hl`\e g\ik\e\Z\ \c [fZld\ekf1 I<@EFJF J@CM8 ?<:KFI <;L8I;F2 Eld\if [\ Z\[lcX f IlZ [\c gifg`\kXi`f [\c [fZld\ekf1 (.'-/0'',/ 8:&0-/,&XX 4444 HL<;8 8ELC8;F Gfi ifYf [\c :_\hl\ Ef -(( Xc .(' [\ cX :kX% :k\% Ef% **//''))'+ g\ik\e\Z`\ek\ X =L<IK<J P8E;LE#<;DLE;F$I<D@>@F [\c 9XeZf G`Z_`eZ_X% Hl`\e k\e^X [\i\Z_f [\Y\i} i\ZcXdXi [\ekif [\ cfj -' [ˆXj gfjk\i`fi\j X cX ’ck`dX glYc`ZXZ`�e% 8:&-0/ ( XX 444444 HL<;8 8ELC8;F Gfi ifYf [\c :_\hl\ Ef .(( Xc /(' [\ cX :kX% :k\% Ef% **//''))'+ g\ik\e\Z`\ek\ X =L<IK<J P8E;LE#<;DLE;F$I<D@>@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 ifYf [\c :_\hl\ Ef /(( Xc 0(' [\ cX :kX% :k\% Ef% **//''))'+ g\ik\e\Z`\ek\ X =L<IK<J P8E;LE#<;DLE;F$I<D@>@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%
REPUBLICA DEL ECUADOR SUPERINTENDENCIA DE COMPAĂ‘IAS
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.
EXTRACTO
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.
CONSTITUCIĂ“N DE LA COMPAĂ‘Ă?A GEOLINK SERVICIOS SATELITALES CIA. LTDA.
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€?
La compaĂąĂa GEOLINK SERVICIOS SATELITALES CIA. LTDA. se constituyĂł por escritura pĂşblica otorgada ante el Notario VigĂŠsimo Segundo del Distrito Metropolitano de Quito el 17 de Enero de 2011 fue aprobada por la Superintendencia de CompaĂąĂas mediante ResoluciĂłn SC.IJ.DJC.Q.11.000721 de 15 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: ...BRINDAR SERVICIOS SATELITALES DE RASTREO, BLOQUEO, UBICACIĂ“N, MONITOREO DE UNIDADES A COOPERATIVAS DE TAXIS, BUSES, CAMIONETAS... Quito, 15 de febrero de 2011. Dr. Oswaldo Noboa LeĂłn.
Distrito Metropolitano de Quito, 18 de Febrero de 2011
DIRECTOR JURĂ?DICO DE COMPAĂ‘Ă?AS Dr. FabiĂĄn Flores Paredes INTENDENTE JURĂ?DICO SUBROGANTE AC/78029/cc
AC/78028/aa
8:&-0/ * XX 444444 HL<;8 8ELC8;F Gfi ifYf [\c :_\hl\ Ef *'( Xc +'' [\ cX :kX% :k\% Ef% *+*,(.*''+ g\ik\e\Z`\ek\ X D8;<I8 =@E8 D8;<I=@E J%8% [\c 9XeZf G`Z_`eZ_X% Hl`\e k\e^X [\i\Z_f [\Y\i} i\ZcXdXi [\ekif [\ cfj -' [ˆXj gfjk\i`fi\j X cX ’ck`dX glYc`$ ZXZ`�e% 8:&-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 KLE8C8 G8E@CL@J8#;<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 ifYf [\c :_\hl\ Ef (/-' mXcfi ..+#'' [\ cX :kX% :k\% Ef% *'./*+,('+ g\ik\e\Z`\ek\ X 9FE@=8Q DFEK8CMF# 8C<O$ N8J?@E>KFE [\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 ('( Xc (-' [\ cX :kX% :k\% Ef% *+-+/)//'+ g\i$ k\e\Z`\ek\ X I<P<J IL@Q#G8LC@E8$ <K<CM@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 g„i[`[X [\c :_\hl\ Ef .0*/(* mXcfi +''#'' [\ cX :kX% :k\% Ef% *').'0','+ g\ik\e\Z`\ek\ X >FD<Q G<E8?<II<I8# I@K8$ ;< 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 -.0,.( [\ cX :kX% :k\% Ef% *'*,-.-('+ g\ik\e\Z`\ek\ X ELE<Q 9FIA8# ?FC><I$<;L8I;F [\c 9XeZf G`Z_`eZ_X% Hl`\e k\e^X [\i\Z_f [\Y\i} i\ZcXdXi [\ekif [\ cfj -' [ˆXj gfjk\i`fi\j X cX ’ck`dX glYc`$ ZXZ`�e% 8:&-0/ 0 XX 444444 HL<;8 8ELC8;F Gfi g„i[`[X [\c :_\hl\ Ef -,- Xc -/, [\ cX :kX% :k\% Ef% *)-,0.(/'+ g\ik\e\Z`\ek\ X I@==I8E@ J8C@E8J# ALC@F$:<J8I [\c 9XeZf G`Z_`eZ_X% Hl`\e k\e^X [\i\Z_f [\Y\i} i\ZcX$ 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 -/- Xc -0' [\ cX :kX% :k\% Ef% *)-,0.(/'+ g\ik\e\Z`\ek\ X I@==I8E@ J8C@E8J# ALC@F$:<J8I [\c 9XeZf G`Z_`eZ_X% Hl`\e k\e^X [\i\Z_f [\Y\i} i\ZcX$ 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 (.,. mXcfi ,''#'' [\ cX :kX% :k\% Ef% *'..*))+'+ g\ik\e\Z`\ek\ X DFE>8 K8:F#CL@J$8C=I<;F [\c 9XeZf G`Z_`eZ_X% Hl`\e k\e^X [\i\$ Z_f [\Y\i} i\ZcXdXi [\ekif [\ cfj -' [ˆXj gfjk\i`fi\j X cX ’ck`dX glYc`ZXZ`�e% 8:&-0/ () XX 444444 HL<;8 8ELC8;F Gfi ifYf [\c :_\hl\ Ef 0.- mXcfi *'#+/ [\ cX :kX% :k\% Ef% *)+0+(/.'+ g\ik\e\Z`\ek\ X GL9C@J:I<<E :@8% CK;8% [\c 9XeZf G`Z_`eZ_X% Hl`\e k\e^X [\i\Z_f [\Y\i} i\ZcXdXi [\e$ kif [\ cfj -' [ˆXj gfjk\i`fi\j X cX ’ck`dX glYc`ZXZ`�e% 8:&-0/ (* XX 444444 HL<;8 8ELC8;F Gfi g„i[`[X [\c :_\hl\ Ef (0'. mXcfi )''#'' [\ cX :kX% :k\% Ef% *''(+,+,'+ g\ik\e\Z`\ek\ X Q8DFI8 M<>8# D8I:<C8$ D8I@9<C [\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$ ,(+'$ ,(+($,(+)$ ,(+*$,(++ $,(,) Xc ,(,* [\ cX :kX% :k\% Ef% *'+,*-(('+ g\ik\e\Z`\ek\ X :CL9 ;< :FDGI8J :CL9 G8E;<IF J% 8% [\c 9XeZf G`Z_`eZ_X% Hl`\e k\e^X [\i\Z_f [\Y\i} i\ZcXdXi [\ekif [\ cfj -' [ˆXj gfjk\i`fi\j X cX ’ck`dX glYc`ZXZ`�e% 8:&-0/ (, XX 444444 HL<;8 8ELC8;F Gfi g„i[`[X [\c :_\hl\ Ef )00 Xc *(' [\ cX :kX% :k\% Ef% **-*+'-0'+ g\ik\e\Z`\ek\ X G<E8 8E>L@J8:8# AL8E$8EKFE@F [\c 9XeZf G`Z_`eZ_X% Hl`\e k\e^X [\i\Z_f [\Y\i} i\ZcXdXi [\ekif [\ cfj -' [ˆXj gfjk\i`fi\j X cX ’ck`dX glYc`$ ZXZ`�e% 8:&-0/ (- XX
g Ĺ? ĂăĹ? Ĺ? Ĺ? Ĺ?Ä‚Ä€Ä Ä
Ĺ? +. Ĺ? ÄŒĹ? 444444 HL<;8 8ELC8;F Gfi ifYf [\c :_\hl\ Ef +,- Xc +-' [\ cX :kX% :k\% Ef% *('./.'*'+ g\i$ k\e\Z`\ek\ X <:?<M<II@8 KFII<# DFE@:8$AFJ<=@E8 [\c 9XeZf G`Z_`eZ_X% Hl`\e k\e^X [\i\Z_f [\Y\i} i\ZcXdXi [\ekif [\ cfj -' [ˆXj gfjk\i`fi\j X cX Â’ck`dX glYc`$ ZXZ`Â?e% 8:&-0/ (. XX 444444 HL<;8 8ELC8;F Gfi ifYf [\c :_\hl\ Ef ,/( Xc -(' [\ cX :kX% :k\% Ef% **..)',('+ g\i$ k\e\Z`\ek\ X CFG<Q I<P<J# @E<J$ G8KI@:@8 [\c 9XeZf G`Z_`eZ_X% Hl`\e k\e^X [\i\Z_f [\Y\i} i\ZcX$ dXi [\ekif [\ cfj -' [ˆXj gfjk\i`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\ik\$ e\Z`\ek\ X 9<E@K<Q :?@J8>L8EF# >8CF$=<IE8E;F [\c 9XeZf G`Z_`eZ_X% Hl`\e k\e^X [\i\Z_f [\Y\i} i\ZcXdXi [\ekif [\ cfj -' [ˆXj gfjk\i`fi\j X cX Â’ck`dX glYc`$ ZXZ`Â?e% 8:&-0/ (0 XX 444444 HL<;8 8ELC8;F Gfi g„i[`[X [\c :_\hl\ Ef (*(+ Xc (**' [\ cX :kX% :k\% Ef% *',/*-.('+ g\ik\e\Z`\ek\ X JL8I<Q E8I8EAF# :8ICFJ$FJN8C;F [\c 9XeZf G`Z_`eZ_X% Hl`\e k\e^X [\i\Z_f [\Y\i} i\ZcXdXi [\ekif [\ cfj -' [ˆXj gfjk\i`fi\j X cX Â’ck`dX glYc`$ ZXZ`Â?e% 8:&-0/ )' XX 444444 HL<;8 8ELC8;F Gfi g„i[`[X [\c :_\hl\ Ef .-+-$ .-+.$.-+/ $.-+0$.-,)$.-,*$ .-/'$.-/($.-/)$ .-/*$.-/+$.-/,$ .-/-$.-/.$ ..)' [\ cX :kX% :k\% Ef% *')'+0(-'+ g\ik\e\Z`\ek\ X :8IK8><E8 KFKFP# E8E:P$G8FC8 [\c 9XeZf G`Z_`eZ_X% Hl`\e k\e^X [\i\Z_f [\Y\i} i\ZcXdXi [\ekif [\ cfj -' [ˆXj gfjk\i`fi\j X cX Â’ck`dX glYc`ZXZ`Â?e% 8:&-0/ )( XX 444444 HL<;8 8ELC8;F Gfi g„i[`[X [\c :_\hl\ Ef .+,-$ .+,/$ .+,0$.+-'$.+-( $.+-)$ .+-*$ .+-+$.,'* [\ cX :kX% :k\% Ef% *')'+0(-'+ g\ik\e\Z`\ek\ X :8IK8><E8 KFKFP# E8E:P$ G8FC8 [\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 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 F98E;F 9FII<IF#K@KF$ N@CC@8E [\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 00* [\ cX :kX% :k\% Ef% **-0**')'+ g\i$ k\e\Z`\ek\ X :?@C@HL@E>8 CC@M<# <;N@E$><I8I;F [\c 9XeZf G`Z_`eZ_X% Hl`\e k\e^X [\i\Z_f [\Y\i} i\ZcXdXi [\ekif [\ cfj -' [ˆXj gfjk\i`fi\j X cX Â’ck`dX glYc`$ ZXZ`Â?e% 8:&-0/ )+ XX 444444 HL<;8 8ELC8;F Gfi g„i[`[X [\c :_\hl\ Ef )0) [\ cX :kX% :k\% Ef% **,.'*,/'+ g\ik\e\Z`\ek\ X I<@EFJF :FIF# I@:?8I;$M@E@:@F [\c 9XeZf G`Z_`eZ_X% Hl`\e k\e^X [\i\Z_f [\Y\i} i\ZcXdXi [\ekif [\ cfj -' [ˆXj gfjk\i`fi\j X cX Â’ck`dX glYc`$ ZXZ`Â?e% 8:&-0/ ), XX 444444 HL<;8 8ELC8;F Gfi g„i[`[X [\c :_\hl\ Ef (*,,/ mXcfi +*,#+/ [\ cX :kX% :k\% Ef% *'*))-0.'+ g\ik\e\Z`\ek\ X GFC@J<>LI@;8; :@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 Â’ck`dX glYc`ZXZ`Â?e% 8:&-0/ )- XX 444444 HL<;8 8ELC8;F Gfi ifYf [\c :_\hl\ Ef ,0.) mXcfi (,'#'' [\ cX :kX% :k\% Ef% *'++-*.*'+ g\ik\e\Z`\ek\ X >8CC<>FJ :LJKF;<# B8KP8$ C<FEFI [\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 (.*/ mXcfi )0+#'' [\ cX :kX% :k\% Ef% **/*-.-,'+ g\ik\e\Z`\ek\ X :FD<I:@8C@Q8;FI8 B8;8 :@8
Ä Ä
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 444444 HL<;8 8ELC8;F Gfi g„i[`[X [\c :_\hl\ Ef ()* [\ cX :kX% :k\% Ef% *+,),''/'+ g\ik\e\$ Z`\ek\ X 8C9LA8 >L8D8E#K<I<J8$ A<JLJ [\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/ )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 <JKI<CC8 8:FJK8# 89;FE$<;DLE;F [\c 9XeZf G`Z_`eZ_X% Hl`\e k\e^X [\i\Z_f [\Y\i} i\ZcXdXi [\ekif [\ cfj -' [ˆXj gfjk\i`fi\j X cX ’ck`dX glYc`$ ZXZ`�e% 8:&-0/ *' XX 444444 HL<;8 8ELC8;F Gfi g„i[`[X [\c :_\hl\ Ef *)+ [\ cX :kX% :k\% Ef% *++--).('+ g\i$ k\e\Z`\ek\ X P<G<Q DFEK<J ;< F:8# JLJ8E8$D8>;8C<E8 [\c 9XeZf G`Z_`eZ_X% Hl`\e k\e^X [\i\$ Z_f [\Y\i} i\ZcXdXi [\ekif [\ cfj -' [ˆXj gfjk\i`fi\j X cX ’ck`dX glYc`ZXZ`�e% 8:&-0/ *( XX 444444 HL<;8 8ELC8;F Gfi ifYf [\c :_\hl\ Ef *+(( mXcfi ++'#'' [\ cX :kX% :k\% Ef% *'/*..,*'+ g\ik\e\Z`\ek\ X @EDF9@C@8I@8 @E8C;8 J% 8% [\c 9XeZf G`Z_`eZ_X% Hl`\e k\e^X [\i\$ Z_f [\Y\i} i\ZcXdXi [\ekif [\ cfj -' [ˆXj gfjk\i`fi\j X cX ’ck`dX glYc`ZXZ`�e% 8:&-0/ *) XX 444444 HL<;8 8ELC8;F Gfi g„i[`[X [\c :_\hl\ Ef *0. mXcfi (''#'' [\ cX :kX% :k\% Ef% *+)+'+,,'+ g\ik\e\Z`\ek\ X J<IM@:@FJ K<:E@:FJ K<:J<;8K :@8% CK;8% [\c 9XeZf G`Z_`eZ_X% Hl`\e k\e^X [\i\Z_f [\Y\i} i\ZcX$ dXi [\ekif [\ cfj -' [ˆXj gfjk\i`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 (.) mXcfi (,'#'' [\ cX :kX% :k\% Ef% *+*-.(+/'+ g\ik\e\Z`\ek\ X DFE:8PF 9<II8QL<K8# G8FCF$ ;8M@; [\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 0)#+' [\ cX :kX% :k\% Ef% *(/0.(*.'+ g\ik\e\Z`\ek\ X :I@FCCF >L8CJ8HL@# CL@J$ 8EKFE@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 ('-0 [\ cX :kX% :k\% Ef% **0--)+('+ g\ik\$ e\Z`\ek\ X <JG@EFJ8 FEK8E<;8# @JD<E8$;FD@K@C8 [\c 9XeZf G`Z_`eZ_X% Hl`\e k\e^X [\i\Z_f [\Y\i} i\ZcXdXi [\ekif [\ cfj -' [ˆXj gfjk\i`fi\j X cX ’ck`dX glYc`$ 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 9<K8KIFE@O :@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 ifYf [\c :_\hl\ Ef )((( Xc )(.' [\ cX :kX% :k\% Ef% *'*/0*/,'+ g\i$ k\e\Z`\ek\ X D8IK@E<Q 8IIF9F# C<FEFI$D8I@8 [\c 9XeZf G`Z_`eZ_X% Hl`\e k\e^X [\i\Z_f [\Y\i} i\ZcXdXi [\ekif [\ cfj -' [ˆXj gfjk\i`fi\j X cX ’ck`dX glYc`$ ZXZ`�e% 8:&-0/ */ XX 444444 HL<;8 8ELC8;F Gfi ifYf [\c :_\hl\ Ef )'-* mXcfi /+#'' [\ cX :kX% :k\% Ef% *'*/0*/,'+ g\ik\e\Z`\ek\ X D8IK@E<Q 8IIF9F# C<FEFI$ D8I@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/ *0 XX 444444 HL<;8 8ELC8;F Gfi g„i[`[X [\c :_\hl\ Ef //( Xc 0+' [\ cX :kX% :k\% Ef% **.'(*0.'+ g\ik\e\Z`\ek\ X >8CM8E IFA8J#
Ĺ? Ĺ?
Ĺ?
Ĺ? Ĺ?
Ĺ?
Ä Ä‚
g Ĺ? ĂăĹ? Ĺ? Ĺ? Ĺ?Ä‚Ä€Ä Ä
Ĺ? +. Ĺ? ÄŒĹ?
<;@JFE$>FEQ8CF [\c 9XeZf G`Z_`eZ_X% Hl`\e k\e^X [\i\Z_f [\Y\i} i\ZcXdXi [\ekif [\ cfj -' [ˆXj gfjk\i`fi\j X cX ’ck`dX glYc`$ ZXZ`�e% 8:&-0/ +' XX 444444 HL<;8 8ELC8;F Gfi g„i[`[X [\c :_\hl\ Ef 0/0 mXcfi */'#'' [\ cX :kX% :k\% Ef% *+)0)(*('+ g\ik\e\Z`\ek\ X A8II@E :@JE<IFJ# <;@JFE$ IF9<IKF [\c 9XeZf G`Z_`eZ_X% Hl`\e k\e^X [\i\Z_f [\Y\i} i\ZcX$ dXi [\ekif [\ cfj -' [ˆXj gfjk\i`f$ i\j X cX ’ck`dX glYc`ZXZ`�e% 8:&-0/ +( XX 444444 HL<;8 8ELC8;F Gfi ifYf [\c :_\hl\ Ef +./ [\ cX :kX% :k\% Ef% **0'(/0('+ g\i$ k\e\Z`\ek\ X FI;FE<Q FI;FE<Q# @ID8$D8I@9<C [\c 9XeZf G`Z_`eZ_X% Hl`\e k\e^X [\i\Z_f [\Y\i} i\ZcXdXi [\ekif [\ cfj -' [ˆXj gfjk\i`fi\j X cX ’ck`dX glYc`$ ZXZ`�e% 8:&-0/ +) 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 DFE:8PF # J@CM@8$<;@K? [\c 9XeZf G`Z_`eZ_X% Hl`\e k\e^X [\i\$ Z_f [\Y\i} i\ZcXdXi [\ekif [\ cfj -' [ˆXj gfjk\i`fi\j X cX ’ck`dX glYc`ZXZ`�e% 8:&-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 :F98 >8I:<J# D8I:F$8LI<C@F [\c 9XeZf G`Z_`eZ_X% Hl`\e k\e^X [\i\Z_f [\Y\i} i\ZcXdXi [\ekif [\ cfj -' [ˆXj gfjk\i`fi\j X cX ’ck`dX glYc`ZXZ`�e% 8:&-0/ ++ XX 444444 HL<;8 8ELC8;F Gfi g„i[`[X [\c :_\hl\ Ef )00. [\ cX :kX% :k\% Ef% *',-+0'+'+ g\i$ k\e\Z`\ek\ X IF;8J 98IQ8CCF# 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 *'+.$ *',+$*',,$*',-$*'-* Xc *'-+ [\ cX :kX% :k\% Ef% *',-+0'+'+ g\i$ k\e\Z`\ek\ X IF;8J 98IQ8CCF# AL8E$:8ICFJ [\c 9XeZf G`Z_`eZ_X% Hl`\e k\e^X [\i\Z_f [\Y\i} i\ZcX$ dXi [\ekif [\ cfj -' [ˆXj gfjk\i`f$ i\j X cX ’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 IF;I@>L<Q 98JK@;8J# AFJ<$CL@J [\c 9XeZf G`Z_`eZ_X% Hl`\e k\e^X [\i\Z_f [\Y\i} i\ZcXdXi [\ekif [\ cfj -' [ˆXj gfjk\i`fi\j X cX ’ck`dX glYc`ZXZ`�e% 8:&-0/ +. XX 444444 HL<;8 8ELC8;F Gfi g„i[`[X [\c :_\hl\ Ef +-+ mXcfi (((#** [\ cX :kX% :k\% Ef% *'*,+'++'+ g\ik\e\Z`\ek\ X IF;I@>L<Q 98JK@;8J# AFJ<$CL@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 ifYf [\c :_\hl\ Ef +-, mXcfi (((#** [\ cX :kX% :k\% Ef% *'*,+'++'+ g\ik\e\Z`\ek\ X IF;I@>L<Q 98JK@;8J# AFJ<$CL@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/ +0 XX 444444 HL<;8 8ELC8;F Gfi g„i[`[X [\c :_\hl\ Ef 0-/ Xc 0.' [\ cX :kX% :k\% Ef% *')/')/('+ g\ik\e\Z`\ek\ X D<I8 >L<II<IF# C8LI8$9<8KI@Q [\c 9XeZf G`Z_`eZ_X% Hl`\e k\e^X [\i\Z_f [\Y\i} i\ZcXdXi [\ekif [\ cfj -' [ˆXj gfjk\i`fi\j X cX ’ck`dX glYc`$ 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 :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 ’ck`dX glYc`ZXZ`�e% 8:&-0/ ,( XX 444444 HL<;8 8ELC8;F Gfi ifYf [\c :_\hl\ Ef ()'( Xc
(*'' [\ cX :kX% :k\% Ef% *'-,/*()'+ g\ik\e\Z`\ek\ X 8E;I8;< IL8C<J# 8C=FEJF$D8I@8 [\c 9XeZf G`Z_`eZ_X% Hl`\e k\e^X [\i\Z_f [\Y\i} i\ZcXdXi [\ekif [\ cfj -' [ˆXj gfjk\i`fi\j X cX ’ck`dX glYc`$ ZXZ`�e% 8:&-0/ ,) XX 444444 HL<;8 8ELC8;F Gfi g„i[`[X [\c :_\hl\ Ef *+)( mXcfi )''#'' [\ cX :kX% :k\% Ef% *).)+0'0'+ g\ik\e\Z`\ek\ X P<G<Q @IL8#:C<F=<$=@CFD<E8 [\c 9XeZf G`Z_`eZ_X% Hl`\e k\e^X [\i\Z_f [\Y\i} i\ZcXdXi [\ekif [\ cfj -' [ˆXj gfjk\i`fi\j X cX ’ck`dX glYc`ZXZ`�e% 8:&-0/ ,* XX 444444 HL<;8 8ELC8;F Gfi g„i[`[X [\c :_\hl\ Ef (',.$ (',/$('-($('.+ [\ cX :kX% :k\% Ef% *+*).(-+'+ g\ik\e\Z`\ek\ X :?@C<J :8KFK8# =I<;;P$>@FM8EEP [\c 9XeZf G`Z_`eZ_X% Hl`\e k\e^X [\i\$ Z_f [\Y\i} i\ZcXdXi [\ekif [\ cfj -' [ˆXj gfjk\i`fi\j X cX ’ck`dX glYc`ZXZ`�e% 8:&-0/ ,+ XX 444444 HL<;8 8ELC8;F Gfi g„i[`[X [\c :_\hl\ Ef 00+ [\ cX :kX% :k\% Ef% *+*).(-+'+ g\ik\e\$ Z`\ek\ X :?@C<J :8KFK8# =I<;;P$ >@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 ’ck`dX glYc`ZXZ`�e% 8:&-0/ ,, XX 444444 HL<;8 8ELC8;F Gfi g„i[`[X [\c :_\hl\ Ef (--/ Xc (-0) [\ cX :kX% :k\% Ef% **0*+'+)'+ g\i k\e\Z`\ek\ X 8:FJK8 J8EK8D8I@8# <;>8I$G8KI@:@F [\c 9XeZf G`Z_`eZ_X% Hl`\e k\e^X [\i\Z_f [\Y\i} i\ZcXdXi [\ekif [\ cfj -' [ˆXj gfjk\i`fi\j X cX ’ck`dX glYc`ZXZ`�e% 8:&-0/ ,- XX 444444 HL<;8 8ELC8;F Gfi g„i[`[X [\c :_\hl\ Ef (-0* Xc (.(. [\ cX :kX% :k\% Ef% **0*+'+)'+ g\i k\e\Z`\ek\ X 8:FJK8 J8EK8D8I@8# <;>8I$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 (.(/ Xc (.+) [\ cX :kX% :k\% Ef% **0*+'+)'+ g\i k\e\Z`\ek\ X 8:FJK8 J8EK8D8I@8# <;>8I$G8KI@:@F [\c 9XeZf G`Z_`eZ_X% Hl`\e k\e^X [\i\Z_f [\Y\i} i\ZcXdXi [\ekif [\ cfj -' [ˆXj gfjk\i`fi\j X cX ’ck`dX glYc`ZXZ`�e% 8:&-0/ ,/ XX 444444 HL<;8 8ELC8;F Gfi g„i[`[X [\c :_\hl\ Ef (.+* Xc (.-' [\ cX :kX% :k\% Ef% **0*+'+)'+ g\i k\e\Z`\ek\ X 8:FJK8 J8EK8D8I@8# <;>8I$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/ ,0 XX 444444 HL<;8 8ELC8;F Gfi g„i[`[X [\c :_\hl\ Ef +*/ Xc +*0 [\ cX :kX% :k\% Ef% *+*+*-**'+ g\ik\e\Z`\ek\ X J<>LI@;8; <C<:KIFE@:8 J@;<I@:B :@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
COOPROGRESO ;\Y`[f X cX g„i[`[X [\ cX C`Yi\kX [\ 8_fiifj Ef '+'(+0/.)) p C`Yi\kX [\ 8gfikXZ`fe\j Ef% '+.'))0-0. [\ cX :ffg\iXk`mX [\ 8_fiif p :i„[`kf :ffgif^i\jf C`d`kX[X# g\i$ k\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`\e$ k\ 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
Ĺ?
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`\e$ k\ X KLK8C:?8 CL@J >L@CC<IDF 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% '+'.)*0.-( [\ cX :ffg\iXk`mX [\ 8_fiif p :i„[`kf :ffgif^i\jf C`d`kX[X# g\ik\e\Z`\e$ k\ 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`\e$ k\ 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\e$ Z`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\e$ Z`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`\e$ k\ X 8CFDFKF CCLD@HL@E>8 CL@J D8I@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\e$ Z`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`\e$ k\ X J8C>8;F :<M8CCFJ <EI@HL< 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 K<EFI@F >L8CG8 D8I@8 <JG<I8EQ8 j\ gifZ\[\i} X XelcXi$ cX% 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\e$ Z`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 >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\ gif$ Z\[\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`\e$ k\ 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\i$ k\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
Iecei Z[cWi_WZe _d[nehWXb[i Wb `kp]Wh W bei Z[c|i YkWdZe dei Yh[[cei i_d YkbfW1 iŒbe [b f[YWZeh Z[X_[hW `kp]Wh W bei f[YWZeh[i$ 8;D7L;DJ; ;\Y`[f X cX g„i[`[X [\ cX C`Yi\kX [\ 8_fiifj Ef '/('(-)00( [\ cX :ffg\iXk`mX [\ 8_fiif p :i„[`kf :ffgif^i\jf C`d`kX[X# g\ik\e\Z`\e$ k\ X @Q8 A8:?F D8EL<C 8EKFE@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 >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`\e$ k\ 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\e$ Z`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\e$ Z`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 XelcXi$ cX% 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\e$ Z`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 :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\e$ Z`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\e$ Z`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\e$ Z`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\e$ Z`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 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\e$ Z`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\e$ Z`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`\e$ k\ 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\e$ Z`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_f$ iifj Ef% /(*/0(*/'' Eif% :XikfcX (.*(+0''(0- [\c 9XeZf Ild`ÂŒX_l`% 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 44444 HL<;8 8ELC8;8 Gfi g„i[`[X [\ cX c`Yi\kX [\ X_f$ iifj Ef% /''0**'('' Eif% :XikfcX (---+)''+)( [\c 9XeZf Ild`ÂŒX_l`% 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 44444 HL<;8 8ELC8;8 Gfi g„i[`[X [\ cX c`Yi\kX [\ X_f$ iifj Ef% /'-+*(*-'' Eif% :XikfcX (-0.*,('(-* [\c 9XeZf Ild`ÂŒX_l`% 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 44444 HL<;8 8ELC8;8 Gfi g„i[`[X [\ cX c`Yi\kX [\ X_f$ iifj Ef% /'-)**/+'' Eif% :XikfcX (-/+*).'(// [\c 9XeZf Ild`ÂŒX_l`% 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 44444 HL<;8 8ELC8;8 Gfi g„i[`[X [\ cX c`Yi\kX [\ X_f$ iifj Ef% /'*)+,)('' Eif% :XikfcX (-,.0+*'-)) [\c 9XeZf Ild`ÂŒX_l`% 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 44444 HL<;8 8ELC8;8 Gfi g„i[`[X [\ cX c`Yi\kX [\ X_f$ iifj Ef% /(..,+-.'' Eif% :XikfcX (./*/00'',* [\c 9XeZf Ild`ÂŒX_l`% 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 44444 HL<;8 8ELC8;8 Gfi g„i[`[X [\ cX c`Yi\kX [\ X_f$ iifj Ef% /'(/.''0'' Eif% :XikfcX (.()'+*''/( [\c 9XeZf Ild`ÂŒX_l`% 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 44444 HL<;8 8ELC8;8 Gfi g„i[`[X [\ cX c`Yi\kX [\ X_f$ iifj Ef% /'-,.00*'' Eif% :XikfcX (-..)*.'(-, [\c 9XeZf Ild`ÂŒX_l`% 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 44444 HL<;8 8ELC8;F Gfi g„i[`[X [\c :_\hl\ Ef% ))+( Xc )).' [\ cX :kX Ef% /'''-+/-'+ g\ik\e\Z`\ek\ X IFJ<IF 8>L@II<# ALC@F$>8@K8E [\c 9XeZf Ild`ÂŒX_l`% Hl`\e k\e^X [\i\Z_f [\Y\i} i\ZcXdXi [\ekif [\ cfj - [ˆXj gfjk\i`fi\j X cX Â’ck`dX glYc`$ ZXZ`Â?e% 8:&-0), 0 XX
BANCO BOLIVARIANO Hl\[X XelcX[f \c Z_\hl\ ,* ?8JK8 (), [\ cX Zl\ekX ()','(+(.* [\ ?@C;8 D8I@8 8E:C<KF j`e mXcfi p j`e ]`idX# [\c 9XeZf 9fc`mXi`Xef% 8:& ( XX 44444444
Hl\[X XelcX[f \c Z_\hl\ ++ ?8JK8 ,( [\ cX Zl\ekX ()','(+(.* [\ ?@C;8 D8I@8 8E:C<KF j`e mXcfi p j`e ]`idX# [\c 9XeZf 9fc`mXi`Xef% 8:& ) XX 44444444 Hl\[X XelcX[f \c Z_\hl\ +( [\ cX Zl\ekX ()','(+(.* [\ ?@C;8 D8I@8 8E:C<KF j`e mXcfi p j`e ]`idX# [\c 9XeZf 9fc`mXi`Xef% 8:& * XX 44444444 Hl\[X XelcX[f \c Z_\hl\ *- [\ cX Zl\ekX ()','(+(.* [\ ?@C;8 D8I@8 8E:C<KF j`e mXcfi p j`e ]`idX# [\c 9XeZf 9fc`mXi`Xef% 8:& + XX 44444444 Hl\[X XelcX[f \c Z_\hl\ *' ?8JK8 ** [\ cX Zl\ekX ()','(+(.* [\ ?@C;8 D8I@8 8E:C<KF j`e mXcfi p j`e ]`idX# [\c 9XeZf 9fc`mXi`Xef% 8:& , XX 44444444 Hl\[X XelcX[f \c Z_\hl\ ). ?8JK8 )/ [\ cX Zl\ekX ()','(+(.* [\ ?@C;8 D8I@8 8E:C<KF j`e mXcfi p j`e ]`idX# [\c 9XeZf 9fc`mXi`Xef% 8:& - XX 44444444 Hl\[X XelcX[f \c Z_\hl\ *-, 8C +'' [\ cX Zl\ekX (+','',(*0 [\ J8I8 F:?F8 j`e mXcfi p j`e ]`idX# [\c 9XeZf 9fc`mXi`Xef% 8:& . XX 44444444 J\ Zfdle`ZX Xc g’Yc`Zf# cX Fgfj`Z`�e Xc gX^f gfi g\i[`[X [\c Z_\hl\ Ef% '(-/ X ]Xmfi [\ :8IC8 :8I;<E8J gi\j\ekX[X gfi :8IC8 :8I;<E8J ZkX% Zk\ Ef%$ ,'/,'''+)/ J\ gi\$ m`\e\ hl\ ZlXchl`\i i\ZcXdf [\Y\i} gi\j\ekXij\ \e \c gcXqf [\ -' [ˆXj X gXik`i [\ cX ]\Z_X [\ \jk\ Xm`jf% 8:& / XX 44444 J\ Zfdle`ZX Xc g’Yc`Zf# cX Fgfj`Z`�e Xc gX^f gfi g\i[`[X [\c Z_\hl\ Ef% */-/ X ]Xmfi [\ CFQ8 IFJ8 <C@Q89<K? gi\j\ekX[X gfi D8EK@CC8 <D8EIF J%8% ZkX% Zk\ Ef%$ ,'',')0*)' J\ gi\m`\e\ hl\ ZlXchl`\i i\ZcXdf [\Y\i} gi\j\e$ kXij\ \e \c gcXqf [\ -' [ˆXj X gXik`i [\ cX ]\Z_X [\ \jk\ Xm`jf% 8:& 0 XX 44444 J\ Zfdle`ZX Xc g’Yc`Zf# cX Fgfj`Z`�e Xc gX^f gfi g\i[`[X [\c Z_\hl\ Ef% *0+ M8CFI +,.(%+* X ]Xmfi [\ <;>8I;F ELz<Q gi\j\ekX[X gfi G<EK?FLJ< J%8% ZkX% Zk\ Ef%$ ,'','++0() J\ gi\m`\e\ hl\ ZlXc$ hl`\i i\ZcXdf [\Y\i} gi\j\ekXij\ \e \c gcXqf [\ -' [ˆXj X gXik`i [\ cX ]\Z_X [\ \jk\ Xm`jf% 8:& (' XX
BANCO DE GUAYAQUIL J\ gfe\ \e ZfefZ`d`\ekf [\c g’Yc`Zf hl\ _\dfj j`[f efk`]`ZX[fj [\ cX g„i[`[X [\ cX C`Yi\kX [\ 8_fiifj Ef% )(+()**/ fkfi^X[X gfi efjf$ kifj X1 I8DFJ I@M<I8 G8KI@:@8 8C<O8E;I8 8:& ( XX 4444444 J\ gfe\ \e ZfefZ`d`\ekf [\c g’Yc`Zf hl\ _\dfj j`[f efk`]`ZX[fj [\ cX g„i[`[X [\ cX C`Yi\kX [\ 8_fiifj Ef% )(+('()* fkfi^X[X gfi efjf$ kifj X1 J8C8Q8I G8;@CC8 :8ID<E CFI<E8 8:& ) XX 4444444 9XeZf [\ >lXpXhl`c J%8%# Zfdl$ e`ZX Xc g’Yc`Zf hl\ \c j\Œfi j M<C8JHL<Q M8CC8;8I<J ;8M@; <=I<E ?X [\ZcXiX[f hl\ \c cfj Z_\hl\ j (0* [\ jl Zl\ekX Zfii`\e$ k\ )'*(*(') c\ ]l\ife jljkiXˆ[fj \e YcXeZf p j`e ]`idX YXaf jl i\jgfe$ jXY`c`[X[ Z`m`c p g\eXc hl\ j` j\ gi\j\ekXi\e Xc ZfYif cfj i\]\i`[fj Z_\hl\j# \jkfj jfe =8CJ@=@:8;FJ# p \e Zfej\Zl\eZ`X \c 9XeZf ef [\Y\$ i} gX^Xicfj% 8:& * XX 4444444 9XeZf [\ >lXpXhl`c J%8%# Zfdle`ZX Xc g’Yc`Zf hl\ \c j\Œfi j CF:?8D@E D8C8 AFI>< J8EK@8>F ?X [\ZcXiX[f hl\ \c cfj Z_\hl\ j ),./$)-'' [\ jl Zl\ekX Zfii`\ek\ 0/(-0+( c\ ]l\ife jljkiXˆ[fj \e YcXeZf p j`e ]`idX YXaf jl i\jgfe$ jXY`c`[X[ Z`m`c p g\eXc hl\ j` j\ gi\j\ekXi\e Xc ZfYif cfj i\]\i`[fj Z_\hl\j# \jkfj jfe =8CJ@=@:8;FJ# p \e Zfej\Zl\eZ`X \c 9XeZf ef [\Y\$ i} gX^Xicfj% 8:& + XX 4444444 9XeZf [\ >lXpXhl`c J%8%# Zfdle`ZX Xc g’Yc`Zf hl\ \c j\Œfi j <JG@EFQ8 J8E:?<Q EL9@8 <JG<I<8EQ8 ?X [\ZcXiX[f hl\ \c cfj Z_\hl\ j (/'( 8C (/,' [\ jl Zl\ekX Zfii`\ek\ 0.(..'- c\ ]l\ife jljkiXˆ[fj \e YcXeZf p j`e ]`idX YXaf jl i\jgfe$ jXY`c`[X[ Z`m`c p g\eXc hl\ j` j\ gi\j\ekXi\e Xc ZfYif cfj i\]\i`[fj Z_\hl\j# \jkfj jfe =8CJ@=@:8;FJ# p \e Zfej\Zl\eZ`X \c 9XeZf ef [\Y\$ i} gX^Xicfj% 8:& , XX 4444444 9XeZf [\ >lXpXhl`c J%8%# Zfdle`ZX Xc g’Yc`Zf hl\ \c j\Œfi j =89I@:@F Q8D9I8EF ?X [\ZcXiX[f hl\ \c cfj Z_\hl\ j (. [\ jl Zl\ekX Zfii`\ek\ *,)''/-' c\ ]l\ife jlj$
kiXˆ[fj \e YcXeZf p j`e ]`idX YXaf jl i\jgfejXY`c`[X[ Z`m`c p g\eXc hl\ j` j\ gi\j\ekXi\e Xc ZfYif cfj i\]\i`[fj Z_\hl\j# \jkfj jfe =8CJ@=@:8;FJ# p \e Zfej\Zl\eZ`X \c 9XeZf ef [\Y\$ i} gX^Xicfj% 8:& - XX 4444444 9XeZf [\ >lXpXhl`c J%8%# Zfdl$ e`ZX Xc gÂ’Yc`Zf hl\ \c j\ÂŒfi j :KD8O@:C<8E :@8% CK;8% ?X [\ZcXiX[f hl\ \c cfj Z_\hl\ j ),/ [\ jl Zl\ekX Zfii`\ek\ )'*'*,*' c\ ]l\ife jljkiXˆ[fj \e YcXeZf p j`e ]`idX YXaf jl i\jgfejXY`c`[X[ Z`m`c p g\eXc hl\ j` j\ gi\j\ekXi\e Xc ZfYif cfj i\]\i`[fj Z_\hl\j# \jkfj jfe =8CJ@=@:8;FJ# p \e Zfej\Zl\eZ`X \c 9XeZf ef [\Y\i} gX^Xicfj% 8:& . XX 4444444 9XeZf [\ >lXpXhl`c J%8%# Zfdl$ e`ZX Xc gÂ’Yc`Zf hl\ \c j\ÂŒfi j :8A8D8I:8 8E>FJ CFI<E8 ;< CFJ 8E><C<J ?X [\ZcXiX[f hl\ \c cfj Z_\hl\ j )' $,' [\ jl Zl\e$ kX Zfii`\ek\ )'*()+(- c\ ]l\ife jlj$ kiXˆ[fj \e YcXeZf p j`e ]`idX YXaf jl i\jgfejXY`c`[X[ Z`m`c p g\eXc hl\ j` j\ gi\j\ekXi\e Xc ZfYif cfj i\]\i`[fj Z_\hl\j# \jkfj jfe =8CJ@=@:8;FJ# p \e Zfej\Zl\eZ`X \c 9XeZf ef [\Y\$ i} gX^Xicfj% 8:& / XX 4444444 9XeZf [\ >lXpXhl`c J%8%# Zfdle`$ ZX Xc gÂ’Yc`Zf hl\ \c j\ÂŒfi j M8:8 HL@EK8E8 D@I@8E A8EE<K? ?X [\ZcXiX[f hl\ \c cfj Z_\hl\ j /*' $0), [\ jl Zl\ekX Zfii`\ek\ )'*'/*(( c\ ]l\ife jljkiXˆ[fj \e YcXeZf p j`e ]`idX YXaf jl i\jgfe$ jXY`c`[X[ Z`m`c p g\eXc hl\ j` j\ gi\j\ekXi\e Xc ZfYif cfj i\]\i`[fj Z_\hl\j# \jkfj jfe =8CJ@=@:8;FJ# p \e Zfej\Zl\eZ`X \c 9XeZf ef [\Y\$ i} gX^Xicfj% 8:& 0 XX 4444444 9XeZf [\ >lXpXhl`c J%8%# X jfc`Z`kl[ [\c j\ÂŒfi @DGFIK8;FI8 CFC@K8 :FDG8zĂ 8 :@M@C P :FD<I:@8C Zfdle`ZX Xc gÂ’Yc`Zf hl\ gfi g„i[`$ [X# [\k\i`fif# ifYf f jljkiXZZ`Â?e j\ gifZ\[\i} X [\ZcXiXi j`e \]\Zkf \c Z_\hl\ [\ cX Zl\ekX Zfii`\ek\ Ef% )'*'*../ EfdYi\ [\c 9\e\]`Z`Xi`f1 D<C8@E< <E>@E<<I@E> EÂ’d\if [\ Z_\hl\ (-/- MXcfi1 (-),%-' 8:& (' XX 4444444 9XeZf [\ >lXpXhl`c J%8%# X jfc`Z`kl[ [\c j\ÂŒfi 8>L@C8I D% Zfdle`ZX Xc gÂ’Yc`Zf hl\ gfi g„i[`[X# [\k\i`fif# ifYf f jljkiXZZ`Â?e j\ gifZ\[\i} X [\ZcXiXi j`e \]\Zkf \c Z_\hl\ [\ cX Zl\ekX Zfii`\ek\ Ef% 0.(-'.- EÂ’d\if [\ Z_\hl\ )'+0 MXcfi1 .+,%'' 8:& (( XX 4444444 9XeZf [\ >lXpXhl`c J%8%# X jfc`Z`$ kl[ [\c j\ÂŒfi M<CN:F JFKFD8PFI ;FI@J J@CM8E8 Zfdle`ZX Xc gÂ’Yc`$ Zf hl\ gfi g„i[`[X# [\k\i`fif# ifYf f jljkiXZZ`Â?e j\ gifZ\[\i} X [\ZcXiXi j`e \]\Zkf \c Z_\hl\ [\ cX Zl\ekX Zfii`\ek\ Ef% )'*((+,) EÂ’d\if [\ Z_\hl\ (0. MXcfi1 (('%(, 8:& () XX
0457564 de GUAMBO PISCULLA LUIS CARLOS con CI. 0201801909. AC/78026/aa 444444 Se anula la Libreta de la Cuenta de Ahorros # 4501389752, de la Cooperativa de Ahorro 29 de Octubre, del Sr. EMILIO JOSE JARAMILLO VACA. AC/78015/aa
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 PROMERICA 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 8P8C8 FC<8J IF;I@>F J8EK@8>F MXcfi ('#'''%'' =<% )-&((&)'(' && =M& ),&')&)'(( hl`\e k\e^X [\i\Z_f [\Y\i} i\ZcX$ dXi [\ekif [\ cfj () [ˆXj gfjk\i`fi\j X cX ’ck`dX glYc`ZXZ`�e% 8:&&XX 44444 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 J@CM8 @E@>L<Q D8EL<C8 9<8KI@Q MXcfi ,#''(%'' =<% (+&('&)'(' && =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:&&XX
BANCO PROCREDIT 98E:F GIF:I<;@K J%8% gfe\ \e ZfefZ`d`\ekf [\c gÂ’Yc`Zf# cX XelcX$ Z`Â?e gfi g„i[`[X [\ cX c`Yi\kX [\ cX Zl\ekX [\ X_fiifj (( '('( (-').0 * [\ G8<Q >L8:?8D@E J8E;I8 ;<C G@C8I# Zfe :%@% (.'0'0/,/+% 8%G%&+/(+*&b%d% $$$$$$$$$$$$$$$$$$$ 98E:F GIF:I<;@K J%8% gfe\ \e ZfefZ`d`\ekf [\c gÂ’Yc`Zf# cX XelcX$ Z`Â?e gfi g„i[`[X [\ cX c`Yi\kX [\ cX Zl\ekX [\ X_fiifj (( '('( (-')/' / [\ G8<Q >L8:?8D@E J8E;I8 ;<C G@C8I# Zfe :%@% (.'0'0/,/+% 8%G%&+/(++&b%d% $$$$$$$$$$$$$$$$$$$$ 98E:F GIF:I<;@K J%8% gfe\ \e ZfefZ`d`\ekf [\c gÂ’Yc`Zf# cX XelcX$ Z`Â?e gfi g„i[`[X [\ cX c`Yi\kX [\ cX Zl\ekX [\ X_fiifj (( '('( (,/0./ / [\ ?<E8F :FCC8QFJ =89@FC8# Zfe :%@% (.)'-/+).(% 8%G%&+/(+,&b%d% 4444 9XeZf GifZi\[`k J%8% Gfe\ \e Zfef$ Z`d`\ekf [\c gÂ’Yc`Zf# cX XelcXZ`Â?e [\ cX Zl\ekX [\ X_fiifj E² ('$ '('($')+/')$, X efdYi\ [\c j\ÂŒfi G8:8 C<D8 8>LJK@E Zfe :@ E² '-'*+-,'+$/ 8I&/(.(+&ZZ 444444 9XeZf GifZi\[`k J%8% Gfe\ \e ZfefZ`$ d`\ekf [\c gÂ’Yc`Zf# cX XelcXZ`Â?e gfi g„i[`[X [\c Z\ik`]`ZX[f [\ ;\gÂ?j`kf X GcXqf =`af E% '',/0-- [\ ALC@F :<J8I 8:Lz8 :?<:8 P >8CCF <E;8I8 FC>8 D8I@8 AFJ<=@E8 8I&/(.(,&ZZ 444444 BANCO “PROCEDIT S.A.â€? pone en conocimiento del pĂşblico, la anulaciĂłn por pĂŠrdida de la libreta de ahorro 3601011588681 de RODRIGUEZ GUTIERREZ CARMEN AMELIA con CI. 0302180682. AC/78025/aa 444444 BANCO “PROCEDIT S.A.â€? pone en conocimiento del pĂşblico, la anulaciĂłn por pĂŠrdida de la libreta de ahorro 1601011605975 libreta
MUTUALISTA PICHINCHA G„i[`[X [\ c`Yi\kX J\ \okiXm`� \e cX Z`l[X[ [\ Hl`kf leX c`Yi\kX [\ X_fiifj [\ cX DlklXc`jkX G`Z_`eZ_X# Zfe Ef% )'-//(0- g\ik\e\Z`\ek\ Xc j\Œfi Cl`j =\ieXe[f >XiZˆX >XiZˆX 8I&/(-)+&ZZ 4444 Hl\[X XelcX[f gfi ifYf cX c`Yi\$ kX [\ X_fiifj p kXia\kX [\ [„Y`kf Ef% *)/'('/(( [\ cX DlklXc`jkX G`Z_`eZ_X g\ik\e\Z`\ek\ Xc Ji% =iXeZ`jZf DfjZfjf D\eX 8G&+/((-&ZZ 4444444 Gfi g„i[`[X j\ XelcX c`Yi\kX [\ X_f$ iifj /'(+*0/, [\ cX DlklXc`jkX G`Z_`eZ_X [\ cX JiX% DXi`X 9\Xki`q :fccX^lXqf% 8%8%&)-+,)
BANCO DEL AUSTRO J\ gfe\ \e ZfefZ`d`\ekf cX g„i[`$ [X [\c :\ik`]`ZX[f [\ ;\g�j`kf Ef% ('+)(00),+ [\ cX JiX% D8I@8 ?@C;8 <JK?<I ?<II<I8 DFI8C<J F& :C<F=< :<:@C@8 D8EQ8EF :?8C8E8 :%@% (.')(',((* =\Z_X <d`j`�e1 ')$]\Yi\if$)'(' =\Z_X M\eZ`d`\ekf1 '-$\e\if$)'(( MXcfi (00%-' 8:&0-/(&XX
8ELC8:@FE<J M8I@8J Hl\[X XelcX[X gfi g\i[`[X ]XZkliX J''+$''($''''*-- p Xlkfi`qX$ Z`Â?e (('//((/-/ g\ik\e\Z`\ek\ X :FD=FIK C@=< :@8% CK;8% IL: (.0)(,+/,,''(% 8%G%&+/(+'&b%d%