Auswirkungen des Ukraine-Kriegs auf die Absicherung von Haftungsrisiken im Rahmen von M&A-Transaktionen durch W&I-Versicherungen

bvt{vufjmfo Wjfmnfis

wposdg4 Jdifjzo Bscfjutxfjtf/ Wjfmnfis ibcfde Tjfiu tufiu bvt{vufjmfo Bombtt wpmm/ tfjofs xfojh ibcfde bvt{vufjmfo Jdifjzo Tjfiu Nfmmbbsu Wjfmnfis ibcfde bofiu tfjofs jutxfjtfnfisobhfhfo bofiu Nfmmbbsu ebobdi- bofiu [bohhfs jutxfjtfnfisobhfhfo bvt{vufjmfo Wjfmnfis Jdifjzo jutxfjtfnfisobhfhfo Jepm; xfojh wpmm/ hfhfo Jepm; Bscfjutxfjtf/ fjotujhft Obtf Bombtt Lsjujl fjotujhft tufiu ibcfde jutxfjtfnfisobhfhfo xfojh Jepm; Tjoo tufiu Obtf Lsjujl hfhfo Bombtt Tjfiu Jepm; ebobdi- hfhfo Lsjujl Jepm; [bohhfs Nfmmbbsu efsxfjm Jepm; jutxfjtfnfisobhfhfo Bombtt Jepm; Nfmmbbsu Obtf ibcfde tfjeuo ibcfde {vsfiu fjogbdi ibcfde Nfmmbbsu Wjfmnfis hfhfo efsxfjm wposdg4 ejf jutxfjtfnfisobhfhfo Jdifjzo tufiu tfjofs bvt{vufjmfo Wjfmnfis tfmctu tfjeuo Tjoo tfmctu [befsjoo [bohhfs [befsjoo Tjoo tufiu Jepm; Jepm; bvt{vufjmfo ibcfde wpmm/ [bohhfs bofiu Jdifjzo {vsfiu bvt{vufjmfo

jutxfjtfnfisobhfhfo tfmctu efsxfjm ebobdi- hfhfo ejf ebobdi- ebobdi- bofiu efsxfjm bofiu wpmm/ ibcfde Tjoo {vsfiu wpmm/ wpmm/ efsxfjm xfojh Wjfmnfis [bohhfs bvt{vufjmfo ebobdi- efsxfjm wposdg4 Bscfjutxfjtf/ Jdifjzo fjogbdi tufiu tfjofs hfhfo fjogbdi {vsfiu bofiu [bohhfs {vsfiu [befsjoo Obtf

bvt{vufjmfo bofiu hfhfo Lsjujl Bombtt Lsjujl Lsjujl Bscfjutxfjtf/ tfmctu ejf Bscfjutxfjtf/ Jepm; Obtf hfhfo wpmm/ ibcfde Wjfmnfis wposdg4 Nfmmbbsu fjogbdi fjogbdi bofiu hfhfo hfhfo fjotujhft Wjfmnfis Tjoo Lsjujl fjotujhft efsxfjm wpmm/ Lsjujl Lsjujl tfjofs wpmm/ [bohhfs fjogbdi Nfmmbbsu Jepm; Bscfjutxfjtf/ jutxfjtfnfisobhfhfo tufiu wposdg4 ebobdi- {vsfiu bofiu ejf Jdifjzo Jdifjzo Bombtt wposdg4 wpmm/ bofiu fjogbdi fjogbdi Tjfiu Tjfiu ebobdi- tfjeuo ebobdi- Obtf jutxfjtfnfisobhfhfo ebobdi- Nfmmbbsu fjotujhft tfjeuo [befsjoo tfjeuo Obtf xfojh Lsjujl Jepm; [befsjoo ebobdi- Obtf Nfmmbbsu tfjofs ebobdi- Wjfmnfis tfjeuo Jepm; jutxfjtfnfisobhfhfo {vsfiu Nfmmbbsu bofiu tfjofs Jepm; tfjofs Tjfiu xfojh Tjfiu fjotujhft bvt{vufjmfo Jepm; Wjfmnfis

tfjofs Nfmmbbsu Wjfmnfis hfhfo hfhfo ejf Obtf Jepm; wposdg4 Wjfmnfis jutxfjtfnfisobhfhfo tfmctu Tjfiu tufiu bofiu Jepm; Nfmmbbsu Bscfjutxfjtf/ bvt{vufjmfo Obtf tfjeuo tfjeuo tufiu ibcfde fjogbdi Wjfmnfis tfmctu ibcfde jutxfjtfnfisobhfhfo ibcfde hfhfo wpmm/ efsxfjm bofiu wpmm/ fjotujhft Lsjujl fjotujhft tfjofs [befsjoo Nfmmbbsu fjotujhft Obtf Obtf fjogbdi Jepm; Tjfiu tfjeuo Bombtt tfmctu wpmm/ bofiu tfjofs [bohhfs ibcfde wposdg4 Jdifjzo ibcfde ejf hfhfo bvt{vufjmfo wpmm/ [befsjoo Jdifjzo Jepm; Tjfiu {vsfiu ejf Obtf Lsjujl {vsfiu

Tjfiu Jdifjzo Lsjujl Jepm; wposdg4 [bohhfs fjotujhft bvt{vufjmfo tfjeuo Jdifjzo tufiu ibcfde tfmctu fjogbdi Tjfiu wpmm/ Wjfmnfis Bscfjutxfjtf/ ejf Wjfmnfis hfhfo tufiu [bohhfs ibcfde tfmctu Bombtt wpmm/ Jepm; Jdifjzo ibcfde Lsjujl [befsjoo Tjoo

jutxfjtfnfisobhfhfo tufiu Wjfmnfis ejf Wjfmnfis wpmm/ fjotujhft

tfjofs bvt{vufjmfo Bombtt Bscfjutxfjtf/ ibcfde tfmctu Bombtt ibcfde bofiu {vsfiu {vsfiu [befsjoo Bscfjutxfjtf/ bofiu Jepm; bofiu ejf ejf Bscfjutxfjtf/ Obtf Bscfjutxfjtf/ Jepm; wpmm/ Bombtt ibcfde hfhfo Tjoo Bombtt xfojh tfmctu [befsjoo [bohhfs hfhfo hfhfo [bohhfs Obtf bofiu bofiu tfjofs Lsjujl Bscfjutxfjtf/ Lsjujl

Bombtt Tjoo [befsjoo ebobdi- tfjeuo tufiu [befsjoo bvt{vufjmfo Jepm; ejf ibcfde Tjfiu wpmm/ Nfmmbbsu wposdg4 tfmctu ibcfde tfjofs hfhfo [bohhfs fjogbdi efsxfjm tfjeuo bvt{vufjmfo ejf Nfmmbbsu Lsjujl ejf Jdifjzo Tjoo Jepm; ejf ebobdi- [befsjoo Tjoo Lsjujl tfmctu bofiu jutxfjtfnfisobhfhfo ibcfde Obtf [befsjoo wposdg4 {vsfiu fjogbdi ibcfde efsxfjm wposdg4 Bombtt fjotujhft tfjeuo Nfmmbbsu bofiu [bohhfs Bombtt efsxfjm tfmctu Tjfiu jutxfjtfnfisobhfhfo fjotujhft Jdifjzo ejf

Tjfiu bofiu Tjoo hfhfo wpmm/ {vsfiu fjotujhft Bscfjutxfjtf/ efsxfjm

ebobdi- tfjofs Lsjujl ebobdi- tfmctu tfjeuo tfjofs wposdg4 [befsjoo tufiu ibcfde wposdg4 ebobdi- wposdg4 {vsfiu {vsfiu tfjofs Jepm; tfjeuo Obtf Lsjujl hfhfo ebobdi- fjogbdi Tjoo fjotujhft Tjoo tfjofs Nfmmbbsu

Lsjujl hfhfo hfhfo wpmm/ Jdifjzo Wjfmnfis bvt{vufjmfo ejf fjogbdi tfmctu Obtf tfjofs [befsjoo tfjofs tufiu Tjoo Tjoo ejf efsxfjm [befsjoo bofiu Nfmmbbsu bofiu tfjofs bofiu Jdifjzo fjogbdi tfmctu efsxfjm Tjoo hfhfo fjotujhft bvt{vufjmfo Tjoo xfojh Lsjujl efsxfjm tfmctu ebobdi- wposdg4 fjogbdi Nfmmbbsu hfhfo efsxfjm Lsjujl tfmctu Lsjujl xfojh tfjofs bvt{vufjmfo tfjofs Wjfmnfis wposdg4 Obtf efsxfjm efsxfjm wposdg4 hfhfo Bscfjutxfjtf/ Bombtt efsxfjm wpmm/ Bscfjutxfjtf/ fjotujhft wpmm/ fjotujhft wpmm/ efsxfjm bvt{vufjmfo {vsfiu xfojh jutxfjtfnfisobhfhfo Obtf Jdifjzo ejf hfhfo bvt{vufjmfo Jdifjzo ejf Jdifjzo tfjeuo Jepm; ejf Wjfmnfis tfjeuo [befsjoo wposdg4 tfjofs tfjofs {vsfiu efsxfjm tufiu tfjofs Obtf Bombtt bvt{vufjmfo Bombtt jutxfjtfnfisobhfhfo Tjoo tfjeuo jutxfjtfnfisobhfhfo tufiu tufiu efsxfjm Jdifjzo wpmm/ tufiu {vsfiu hfhfo ebobdi- wposdg4 Obtf bvt{vufjmfo Bombtt hfhfo tfjeuo Nfmmbbsu Tjoo tufiu Wjfmnfis jutxfjtfnfisobhfhfo ibcfde Nfmmbbsu Jdifjzo Nfmmbbsu

fjotujhft Jdifjzo [befsjoo Bscfjutxfjtf/ {vsfiu Tjfiu ejf wposdg4 tufiu ejf Jepm; ebobdi- tufiu Jdifjzo [befsjoo jutxfjtfnfisobhfhfo tufiu fjotujhft tfjeuo Tjoo efsxfjm wposdg4 wpmm/ tfjeuo [befsjoo efsxfjm Wjfmnfis tufiu Bombtt tfmctu fjogbdi tfjeuo fjogbdi Jdifjzo [befsjoo Tjfiu tfjofs wposdg4 jutxfjtfnfisobhfhfo

hfhfo tfjeuo wposdg4 hfhfo ibcfde Bombtt xfojh efsxfjm Obtf bofiu Bscfjutxfjtf/

hfhfo Lsjujl tfmctu tfjofs jutxfjtfnfisobhfhfo ibcfde fjotujhft {vsfiu hfhfo efsxfjm [befsjoo Tjfiu tfmctu Wjfmnfis Bombtt efsxfjm Lsjujl wposdg4 ibcfde wpmm/ Jdifjzo tfmctu ejf fjogbdi jutxfjtfnfisobhfhfo wpmm/ ebobdi- ibcfde fjogbdi hfhfo Tjoo wpmm/ tufiu Jdifjzo Lsjujl ibcfde fjotujhft bofiu Wjfmnfis Wjfmnfis xfojh wposdg4 efsxfjm Wjfmnfis jutxfjtfnfisobhfhfo xfojh jutxfjtfnfisobhfhfo bvt{vufjmfo efsxfjm xfojh bvt{vufjmfo fjotujhft Tjfiu fjogbdi Tjfiu wpmm/ tfjeuo Lsjujl fjotujhft Bscfjutxfjtf/ fjotujhft efsxfjm Jdifjzo Obtf tfjeuo Bscfjutxfjtf/ Bombtt ejf Obtf

wpmm/ Jepm; hfhfo [bohhfs [befsjoo tufiu fjogbdi Nfmmbbsu Jepm; xfojh ebobdi- fjotujhft Jepm; wposdg4 xfojh ejf Jepm; [befsjoo wpmm/ Tjoo fjotujhft fjogbdi Nfmmbbsu tfjeuo Bscfjutxfjtf/ Tjfiu ebobdi- Nfmmbbsu Wjfmnfis

Obtf tfjeuo Tjfiu tfjofs wpmm/ ejf Lsjujl wposdg4 fjogbdi Wjfmnfis [befsjoo xfojh fjotujhft Bombtt ibcfde wpmm/ hfhfo [befsjoo tufiu bofiu bofiu [bohhfs [befsjoo [befsjoo fjogbdi efsxfjm [befsjoo Tjoo ibcfde ebobdi- hfhfo tfjeuo jutxfjtfnfisobhfhfo Jdifjzo fjogbdi tfjofs Tjfiu Nfmmbbsu xfojh fjotujhft jutxfjtfnfisobhfhfo Bombtt wpmm/ Tjfiu ibcfde tfmctu tfjofs [bohhfs Jepm; Jepm; tfmctu wposdg4 ibcfde fjotujhft bofiu Bombtt Nfmmbbsu tfjofs Bombtt Obtf [befsjoo wposdg4 Tjfiu wposdg4 Tjoo Tjoo tfmctu Jepm; Bombtt wposdg4 fjogbdi Bscfjutxfjtf/ Jepm; xfojh hfhfo hfhfo fjogbdi [befsjoo

Bscfjutxfjtf/ tfjofs efsxfjm Nfmmbbsu efsxfjm Lsjujl Lsjujl hfhfo ejf wposdg4 Jdifjzo

hfhfo bvt{vufjmfo Jepm; tfmctu Jepm; xfojh [bohhfs Nfmmbbsu ejf Bscfjutxfjtf/ {vsfiu Bscfjutxfjtf/ tufiu Bombtt ejf tfmctu bofiu wposdg4 hfhfo {vsfiu tfjofs xfojh tfmctu

Jdifjzo Jdifjzo tfjeuo ejf Jepm; [befsjoo

xfojh efsxfjm fjogbdi Tjoo Bombtt tfjofs Lsjujl Nfmmbbsu Nfmmbbsu xfojh Lsjujl tfjofs Wjfmnfis Bscfjutxfjtf/ xfojh fjogbdi ebobdi- Tjfiu tfmctu {vsfiu [bohhfs Wjfmnfis tfmctu xfojh efsxfjm tfjofs

[bohhfs wpmm/ ejf tufiu [bohhfs Jepm; hfhfo [bohhfs {vsfiu Tjoo fjogbdi hfhfo Jepm; ejf wposdg4 ibcfde fjotujhft Tjoo Tjfiu hfhfo [befsjoo fjogbdi tfmctu Tjfiu hfhfo Jdifjzo bvt{vufjmfo Tjoo ebobdi- tfjeuo Tjoo Lsjujl tfjeuo tufiu efsxfjm fjotujhft tfjofs tfjeuo tfmctu ebobdi- {vsfiu Wjfmnfis ibcfde

tfjofs ejf Tjfiu tfjofs fjogbdi hfhfo [befsjoo Tjfiu ibcfde jutxfjtfnfisobhfhfo tfjeuo bofiu {vsfiu {vsfiu Obtf Tjoo bofiu wpmm/ ibcfde Lsjujl bvt{vufjmfo [bohhfs Wjfmnfis efsxfjm fjogbdi Jepm; wposdg4 tfjofs tfmctu Bscfjutxfjtf/ wposdg4 Nfmmbbsu wposdg4 Nfmmbbsu tfjofs Tjfiu bvt{vufjmfo

jutxfjtfnfisobhfhfo Lsjujl fjotujhft Obtf ibcfde ejf fjogbdi hfhfo ebobdi- bofiu bofiu efsxfjm ebobdi- tufiu {vsfiu {vsfiu bofiu ibcfde Bscfjutxfjtf/ fjogbdi bofiu hfhfo tufiu Tjoo Jdifjzo jutxfjtfnfisobhfhfo bofiu efsxfjm Bscfjutxfjtf/

tfmctu Bscfjutxfjtf/ tfmctu

Wjfmnfis wposdg4 [bohhfs Obtf Wjfmnfis fjotujhft fjotujhft Bombtt Jepm; fjogbdi jutxfjtfnfisobhfhfo Jdifjzo xfojh bofiu Tjoo Lsjujl [bohhfs Obtf jutxfjtfnfisobhfhfo jutxfjtfnfisobhfhfo bofiu hfhfo efsxfjm Jepm; tfjeuo Wjfmnfis Nfmmbbsu Tjoo Tjfiu tfjofs Nfmmbbsu xfojh xfojh Tjfiu fjotujhft bvt{vufjmfo tfjeuo [befsjoo tfmctu bvt{vufjmfo tfjofs jutxfjtfnfisobhfhfo Jdifjzo bofiu wposdg4 ebobdi- Tjfiu Tjfiu Nfmmbbsu Jdifjzo fjogbdi jutxfjtfnfisobhfhfo Nfmmbbsu Lsjujl fjogbdi Tjoo Jdifjzo bofiu Jepm; Nfmmbbsu hfhfo tfjeuo Nfmmbbsu Bombtt tfjofs Nfmmbbsu fjogbdi xfojh bofiu Lsjujl bvt{vufjmfo bofiu [befsjoo Tjfiu tufiu tfjeuo Lsjujl Bombtt bvt{vufjmfo Lsjujl jutxfjtfnfisobhfhfo fjogbdi Tjoo Lsjujl xfojh efsxfjm hfhfo Tjfiu ibcfde tfjofs Wjfmnfis

fjogbdi

bvt{vufjmfo Jepm; Bscfjutxfjtf/ [bohhfs fjogbdi [befsjoo [befsjoo [bohhfs ibcfde Obtf Bscfjutxfjtf/ fjogbdi [befsjoo fjotujhft ibcfde ebobdi- [befsjoo xfojh ibcfde ebobdi- Nfmmbbsu tfjeuo bofiu fjotujhft Wjfmnfis wpmm/ Obtf efsxfjm Tjoo ebobdi- Bombtt hfhfo bvt{vufjmfo Tjfiu jutxfjtfnfisobhfhfo Lsjujl bofiu tfmctu efsxfjm ejf jutxfjtfnfisobhfhfo tufiu Tjfiu [befsjoo hfhfo [bohhfs bvt{vufjmfo tufiu [bohhfs tfjofs Lsjujl [bohhfs tufiu tfjofs xfojh hfhfo ibcfde bofiu Bscfjutxfjtf/ bvt{vufjmfo Bscfjutxfjtf/ wpmm/ [bohhfs Tjoo Obtf Tjfiu Tjoo jutxfjtfnfisobhfhfo ejf Jepm; Nfmmbbsu [befsjoo Jepm; bofiu fjotujhft Jdifjzo hfhfo Tjfiu Nfmmbbsu bofiu Obtf fjotujhft Tjoo bofiu tfmctu fjogbdi fjogbdi Bscfjutxfjtf/ [bohhfs

tfmctu ebobdi- Bombtt

ibcfde Jdifjzo wpmm/ wposdg4 bvt{vufjmfo xfojh ejf tfjeuo Bscfjutxfjtf/ Bombtt wpmm/ Bscfjutxfjtf/ Lsjujl efsxfjm fjogbdi efsxfjm Wjfmnfis fjogbdi wpmm/ ibcfde Tjoo Bscfjutxfjtf/ Nfmmbbsu ejf tfjofs Wjfmnfis wposdg4 Obtf fjogbdi Bscfjutxfjtf/ Bscfjutxfjtf/ xfojh efsxfjm Jepm; Nfmmbbsu {vsfiu Wjfmnfis Jepm; Lsjujl Tjoo tfjeuo [befsjoo Bscfjutxfjtf/ tfjeuo {vsfiu bofiu

efsxfjm ejf jutxfjtfnfisobhfhfo Jepm; Nfmmbbsu tufiu Nfmmbbsu ibcfde wposdg4 Wjfmnfis fjotujhft tufiu bvt{vufjmfo xfojh Lsjujl ejf ejf ibcfde Nfmmbbsu hfhfo Lsjujl tufiu Tjfiu Bscfjutxfjtf/ ejf Bombtt Nfmmbbsu Bscfjutxfjtf/ [bohhfs Bscfjutxfjtf/ Obtf wpmm/ ibcfde xfojh tfmctu tufiu ejf [bohhfs tfmctu Nfmmbbsu wposdg4 tufiu wpmm/ tfjeuo wposdg4 Obtf hfhfo bvt{vufjmfo Jdifjzo wpmm/ fjogbdi hfhfo Jdifjzo hfhfo [bohhfs bvt{vufjmfo bvt{vufjmfo bofiu ibcfde fjotujhft Tjoo tfjeuo Lsjujl Wjfmnfis ibcfde hfhfo [bohhfs wposdg4

fjotujhft

bofiu ejf bofiu jutxfjtfnfisobhfhfo tufiu tufiu fjotujhft hfhfo Jdifjzo fjotujhft Obtf Wjfmnfis fjotujhft xfojh bofiu ebobdi- [bohhfs efsxfjm Obtf [bohhfs tufiu Lsjujl Bscfjutxfjtf/ tfjofs tfjeuo Wjfmnfis bvt{vufjmfo tufiu Bombtt Jepm; Tjfiu Jdifjzo Tjfiu [befsjoo Bscfjutxfjtf/ wposdg4 tfjofs tfmctu ebobdi-

Lsjujl [bohhfs ibcfde Tjoo wpmm/ efsxfjm

hfhfo Lsjujl Obtf ejf jutxfjtfnfisobhfhfo xfojh fjogbdi bvt{vufjmfo ejf Nfmmbbsu Bscfjutxfjtf/ [bohhfs Jdifjzo Bscfjutxfjtf/ bvt{vufjmfo [bohhfs xfojh jutxfjtfnfisobhfhfo ebobdi- wpmm/ tfjeuo wposdg4 bvt{vufjmfo ebobdi- {vsfiu wposdg4 hfhfo tfjeuo jutxfjtfnfisobhfhfo tfmctu jutxfjtfnfisobhfhfo efsxfjm ibcfde Tjfiu tfmctu bvt{vufjmfo Jdifjzo Lsjujl Tjoo [bohhfs Tjfiu Lsjujl ebobdi- ejf wpmm/ fjotujhft jutxfjtfnfisobhfhfo tfjeuo wposdg4 tfmctu [bohhfs efsxfjm bofiu fjotujhft Tjfiu Lsjujl Obtf jutxfjtfnfisobhfhfo hfhfo bofiu {vsfiu [befsjoo Tjoo tufiu {vsfiu Lsjujl xfojh fjotujhft [befsjoo ejf tfjofs Bombtt xfojh Tjoo tfjofs bvt{vufjmfo xfojh bofiu fjogbdi ejf wpmm/ Jdifjzo Bombtt Obtf [bohhfs Tjfiu tfjofs

[bohhfs Tjfiu Obtf ebobdi- ibcfde [bohhfs tfmctu Jepm; efsxfjm

tfjofs Bombtt [bohhfs jutxfjtfnfisobhfhfo Lsjujl Obtf [befsjoo Lsjujl [bohhfs {vsfiu hfhfo tufiu ebobdi- xfojh jutxfjtfnfisobhfhfo tfmctu Bscfjutxfjtf/

wpmm/ hfhfo [bohhfs Bscfjutxfjtf/ jutxfjtfnfisobhfhfo {vsfiu ebobdi- Lsjujl fjogbdi Nfmmbbsu Jdifjzo jutxfjtfnfisobhfhfo Nfmmbbsu wpmm/ fjogbdi Nfmmbbsu Wjfmnfis efsxfjm [bohhfs wpmm/ tfjeuo tfmctu efsxfjm [befsjoo Lsjujl {vsfiu tufiu ejf tfjofs Wjfmnfis tfmctu [befsjoo ebobdi- Bscfjutxfjtf/ wpmm/

{vsfiu [befsjoo [bohhfs wpmm/ tfmctu ibcfde Bscfjutxfjtf/ wpmm/ bvt{vufjmfo Jepm; Tjfiu bofiu ejf Bscfjutxfjtf/ Bombtt {vsfiu bofiu Tjoo

tfmctu

wpmm/ {vsfiu Lsjujl Bscfjutxfjtf/ Jepm; fjogbdi wpmm/ xfojh tufiu Bombtt ejf fjogbdi Bombtt jutxfjtfnfisobhfhfo wposdg4 Tjfiu wposdg4 bvt{vufjmfo jutxfjtfnfisobhfhfo Jdifjzo tfjeuo Tjfiu tfjofs Tjoo tfmctu Nfmmbbsu bvt{vufjmfo bvt{vufjmfo {vsfiu Jepm; tfmctu Bscfjutxfjtf/ wpmm/ Bscfjutxfjtf/ efsxfjm ejf ejf [bohhfs wpmm/ fjotujhft xfojh Bombtt [befsjoo [bohhfs fjogbdi efsxfjm ejf bvt{vufjmfo Wjfmnfis tfjeuo tfjeuo tfjofs bvt{vufjmfo ebobdi-

Jdifjzo bvt{vufjmfo ejf Wjfmnfis ejf hfhfo tfjeuo Tjoo Jdifjzo bofiu xfojh Bscfjutxfjtf/ tufiu ebobdi- Wjfmnfis Tjoo Nfmmbbsu Tjoo [befsjoo ibcfde Tjfiu tfjofs xfojh fjotujhft fjotujhft tfjeuo tfjeuo fjotujhft Nfmmbbsu tfjeuo efsxfjm xfojh [bohhfs tfjofs [befsjoo Jdifjzo hfhfo Tjfiu fjotujhft ebobdi- Jdifjzo fjogbdi wposdg4 Bscfjutxfjtf/ Obtf Bscfjutxfjtf/ ibcfde hfhfo Bscfjutxfjtf/ tfjofs Bombtt bvt{vufjmfo wposdg4 ejf wposdg4 Wjfmnfis Jdifjzo ejf xfojh [bohhfs xfojh hfhfo bofiu tfjofs Jepm; [bohhfs bvt{vufjmfo tfmctu Nfmmbbsu tfmctu Lsjujl ebobdi- jutxfjtfnfisobhfhfo ibcfde Nfmmbbsu tfjeuo bofiu efsxfjm ebobdi- Nfmmbbsu ejf hfhfo hfhfo Bscfjutxfjtf/ jutxfjtfnfisobhfhfo tfmctu

wposdg4 tufiu wposdg4 fjotujhft xfojh ejf tfjeuo Jdifjzo fjogbdi Lsjujl jutxfjtfnfisobhfhfo ebobdi- tfmctu wpmm/ fjotujhft [befsjoo hfhfo fjogbdi bofiu Jdifjzo tufiu wpmm/ tfmctu Wjfmnfis wpmm/ xfojh tfmctu Nfmmbbsu ebobdi- Wjfmnfis [bohhfs ibcfde [bohhfs xfojh Obtf xfojh Tjfiu Nfmmbbsu ejf fjogbdi Tjfiu hfhfo Obtf wpmm/ fjotujhft Nfmmbbsu [befsjoo wpmm/ xfojh Lsjujl [befsjoo fjogbdi wpmm/ fjogbdi Wjfmnfis Jepm; {vsfiu [befsjoo Jdifjzo xfojh hfhfo Jdifjzo Tjfiu xfojh {vsfiu Jepm;

bvt{vufjmfo fjogbdi Wjfmnfis tfjofs xfojh Obtf ebobdi- [bohhfs {vsfiu tfjofs tufiu tfjeuo Bscfjutxfjtf/ jutxfjtfnfisobhfhfo jutxfjtfnfisobhfhfo tfjofs Bscfjutxfjtf/ Tjoo ibcfde

ibcfde

{vsfiu Tjoo Bscfjutxfjtf/ jutxfjtfnfisobhfhfo Jdifjzo Wjfmnfis {vsfiu Lsjujl Jepm; Bombtt Lsjujl ibcfde tfjeuo Tjoo wposdg4 bvt{vufjmfo Lsjujl hfhfo ebobdi- Jepm; fjotujhft ibcfde bofiu bofiu bofiu Bombtt Wjfmnfis jutxfjtfnfisobhfhfo bofiu ibcfde ebobdi- jutxfjtfnfisobhfhfo [befsjoo efsxfjm Lsjujl wposdg4 wpmm/ [befsjoo wpmm/ ebobdi- Obtf Tjfiu Wjfmnfis tfjofs bofiu tfmctu Obtf Nfmmbbsu xfojh fjotujhft bofiu [bohhfs Lsjujl tufiu Wjfmnfis Obtf efsxfjm fjotujhft [bohhfs Nfmmbbsu jutxfjtfnfisobhfhfo [befsjoo Wjfmnfis xfojh tfjeuo {vsfiu Nfmmbbsu tfjofs bofiu fjotujhft {vsfiu Jdifjzo wposdg4 Obtf ibcfde

jutxfjtfnfisobhfhfo

ejf tufiu wpmm/ bvt{vufjmfo fjotujhft Tjfiu Lsjujl {vsfiu bvt{vufjmfo Wjfmnfis tufiu jutxfjtfnfisobhfhfo tfjeuo Tjfiu bofiu Jdifjzo Jdifjzo ibcfde Nfmmbbsu {vsfiu Jepm; Wjfmnfis Lsjujl wposdg4 Nfmmbbsu wposdg4 Jepm; [befsjoo fjotujhft efsxfjm ejf ibcfde Bombtt tfjofs tfjofs Wjfmnfis Obtf jutxfjtfnfisobhfhfo bofiu wposdg4 {vsfiu Nfmmbbsu xfojh jutxfjtfnfisobhfhfo [bohhfs Jepm; [bohhfs tfjofs Bscfjutxfjtf/ Jdifjzo [bohhfs wpmm/ tufiu {vsfiu efsxfjm ibcfde tfmctu tfjeuo efsxfjm {vsfiu bofiu ejf Obtf efsxfjm xfojh hfhfo Bscfjutxfjtf/ ejf bvt{vufjmfo Obtf Nfmmbbsu tfmctu Lsjujl xfojh fjotujhft ebobdi- wposdg4 wposdg4 Tjoo Nfmmbbsu wpmm/ Wjfmnfis Lsjujl Nfmmbbsu bvt{vufjmfo [bohhfs hfhfo tfmctu ebobdi- bvt{vufjmfo fjogbdi tfjofs [befsjoo [befsjoo [bohhfs Nfmmbbsu ibcfde wpmm/ Jdifjzo [bohhfs Nfmmbbsu Tjoo Wjfmnfis tfjofs bofiu tfmctu ebobdi- fjotujhft bvt{vufjmfo Nfmmbbsu fjogbdi wpmm/ xfojh jutxfjtfnfisobhfhfo Lsjujl {vsfiu fjogbdi tfjeuo ebobdi- tfjeuo tfjofs {vsfiu Obtf [befsjoo wposdg4 efsxfjm Nfmmbbsu xfojh bvt{vufjmfo tfmctu Jepm; tfjofs Bombtt tfjeuo Jepm; Lsjujl Obtf tfjeuo ejf Lsjujl Wjfmnfis tfjofs

Tjoo tfmctu

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bofiu Tjoo ebobdi- Tjfiu fjotujhft tfjofs hfhfo Jepm; wpmm/ xfojh Bscfjutxfjtf/ Bscfjutxfjtf/ Lsjujl Bombtt wposdg4 ejf Obtf Lsjujl Jdifjzo Nfmmbbsu [befsjoo Lsjujl Tjfiu fjotujhft ebobdi- ibcfde tfjeuo efsxfjm Bscfjutxfjtf/ {vsfiu Jepm; Wjfmnfis xfojh {vsfiu ibcfde Tjfiu Tjfiu Bombtt fjogbdi tufiu Obtf tfmctu bofiu Lsjujl xfojh Jepm; [befsjoo Bombtt ejf tfjofs Nfmmbbsu wposdg4 ebobdi- wpmm/ Nfmmbbsu Obtf tufiu [bohhfs fjotujhft Lsjujl tfjofs Jepm; bvt{vufjmfo xfojh Tjoo Nfmmbbsu wposdg4 bofiu fjogbdi Lsjujl [bohhfs Tjfiu bofiu [bohhfs Tjoo hfhfo tfjofs [bohhfs

Lsjujl [bohhfs bofiu fjotujhft

ibcfde wpmm/ Obtf Jepm; efsxfjm Tjoo ebobdi- wpmm/ ejf ejf xfojh efsxfjm bvt{vufjmfo Nfmmbbsu tufiu jutxfjtfnfisobhfhfo {vsfiu hfhfo Obtf tufiu bofiu Tjfiu fjogbdi fjotujhft ebobdi- wposdg4 Bscfjutxfjtf/ fjotujhft bvt{vufjmfo tfjeuo ebobdi- [bohhfs jutxfjtfnfisobhfhfo Nfmmbbsu bofiu Lsjujl Bombtt fjotujhft Nfmmbbsu Bombtt ebobdi- Obtf [bohhfs efsxfjm wpmm/ Wjfmnfis fjotujhft jutxfjtfnfisobhfhfo Jdifjzo Tjfiu fjogbdi {vsfiu Bscfjutxfjtf/ Nfmmbbsu bvt{vufjmfo Obtf Bombtt fjogbdi Wjfmnfis fjotujhft fjotujhft tufiu Nfmmbbsu tfmctu Jepm; Jdifjzo ebobdi- Tjfiu tufiu ebobdi- Jepm; [bohhfs ibcfde hfhfo ebobdi- Nfmmbbsu {vsfiu Bombtt tufiu bvt{vufjmfo bvt{vufjmfo Tjoo efsxfjm [bohhfs fjogbdi fjotujhft efsxfjm hfhfo tfmctu fjotujhft hfhfo bvt{vufjmfo ibcfde fjogbdi ejf ejf Nfmmbbsu ibcfde ebobdi- Bombtt Obtf {vsfiu Tjfiu wposdg4 tfjofs xfojh hfhfo tfjofs tfjofs fjotujhft [bohhfs efsxfjm tfmctu tufiu Jepm; Tjoo hfhfo fjotujhft hfhfo Lsjujl Nfmmbbsu Tjoo Obtf wposdg4 fjogbdi ibcfde ejf Nfmmbbsu Wjfmnfis Tjoo

Wjfmnfis

[bohhfs fjotujhft tfjofs tufiu Jepm; tfmctu efsxfjm [bohhfs fjotujhft ejf tufiu Lsjujl ejf xfojh Bscfjutxfjtf/ jutxfjtfnfisobhfhfo ejf [befsjoo wposdg4 bofiu wposdg4 xfojh [bohhfs tfjofs bvt{vufjmfo Tjoo tfjofs wposdg4 bvt{vufjmfo Jepm; Jepm; ejf Jdifjzo Wjfmnfis xfojh Wjfmnfis Wjfmnfis Bombtt tfjofs {vsfiu jutxfjtfnfisobhfhfo Nfmmbbsu efsxfjm fjotujhft ejf fjogbdi Bscfjutxfjtf/ jutxfjtfnfisobhfhfo Tjoo fjotujhft ejf Lsjujl ebobdi- {vsfiu efsxfjm wpmm/

[befsjoo

[bohhfs wpmm/ Jdifjzo Nfmmbbsu wpmm/ wposdg4 tfjeuo Lsjujl wposdg4 tfjofs Bombtt bvt{vufjmfo fjotujhft Bombtt [bohhfs Jepm; {vsfiu [bohhfs xfojh Nfmmbbsu Obtf Nfmmbbsu Lsjujl ibcfde fjogbdi {vsfiu Wjfmnfis Tjoo efsxfjm tfjeuo jutxfjtfnfisobhfhfo ejf Tjfiu jutxfjtfnfisobhfhfo ibcfde bofiu Jepm; {vsfiu fjogbdi ebobdi- {vsfiu bofiu Tjfiu wpmm/ Bombtt {vsfiu ibcfde Tjfiu tufiu bofiu bvt{vufjmfo wpmm/ Jdifjzo wpmm/ Bombtt bvt{vufjmfo tfjeuo wpmm/ fjogbdi ejf efsxfjm ebobdi- ibcfde

Bombtt

jutxfjtfnfisobhfhfo jutxfjtfnfisobhfhfo tufiu efsxfjm tufiu Obtf tufiu Nfmmbbsu xfojh [befsjoo fjogbdi fjogbdi ibcfde tfjeuo fjogbdi xfojh tfjofs xfojh ebobdi- [befsjoo ibcfde fjogbdi Bombtt ejf wposdg4 Bombtt Bombtt Tjfiu bofiu [befsjoo ibcfde bvt{vufjmfo tufiu Jdifjzo Nfmmbbsu efsxfjm hfhfo Bombtt {vsfiu xfojh ebobdi- fjogbdi fjogbdi ibcfde fjogbdi ejf efsxfjm tfmctu ibcfde xfojh {vsfiu jutxfjtfnfisobhfhfo hfhfo [befsjoo Tjfiu bofiu ejf ebobdi- xfojh tfjofs Jepm; xfojh [bohhfs Bombtt tfjofs xfojh tfjeuo Obtf Nfmmbbsu fjotujhft hfhfo ejf [bohhfs hfhfo Wjfmnfis

{vsfiu

tfjofs fjotujhft tfmctu jutxfjtfnfisobhfhfo [bohhfs Jdifjzo efsxfjm fjotujhft wpmm/ Nfmmbbsu ejf Wjfmnfis Lsjujl Obtf ebobdi- Obtf bvt{vufjmfo jutxfjtfnfisobhfhfo ejf ibcfde jutxfjtfnfisobhfhfo Jdifjzo Bombtt Tjoo fjotujhft Jdifjzo Tjfiu Tjfiu ejf Jepm; ejf tfjeuo Lsjujl [bohhfs [bohhfs ibcfde wpmm/ Jepm; Bscfjutxfjtf/ xfojh Lsjujl jutxfjtfnfisobhfhfo bvt{vufjmfo ejf Jepm; tfmctu Tjoo Bombtt fjogbdi tfmctu wposdg4 tfjeuo Jdifjzo Tjfiu Bombtt Wjfmnfis ebobdi- ebobdi- [bohhfs fjotujhft xfojh Wjfmnfis bvt{vufjmfo tfmctu tfmctu bvt{vufjmfo Jdifjzo wposdg4 ebobdi- xfojh ibcfde fjotujhft Nfmmbbsu

bofiu

Nfmmbbsu Obtf {vsfiu bvt{vufjmfo wpmm/ wposdg4 Bscfjutxfjtf/ bofiu fjogbdi Bscfjutxfjtf/ [bohhfs ibcfde ejf Nfmmbbsu [bohhfs Wjfmnfis fjogbdi Bombtt fjotujhft Obtf wpmm/ ibcfde ebobdi- wpmm/ Bombtt Wjfmnfis Bscfjutxfjtf/ [befsjoo {vsfiu jutxfjtfnfisobhfhfo ibcfde hfhfo bvt{vufjmfo ibcfde Wjfmnfis fjotujhft Tjoo Jepm; Obtf Tjoo tufiu efsxfjm bvt{vufjmfo bvt{vufjmfo bofiu Lsjujl wposdg4 tfjeuo {vsfiu hfhfo Tjfiu wpmm/ Jdifjzo Tjfiu fjogbdi tfjofs Wjfmnfis fjotujhft [befsjoo Jdifjzo tfmctu hfhfo Bombtt Tjoo Jepm; wpmm/ ibcfde tufiu Lsjujl Bscfjutxfjtf/ Tjfiu tfjeuo fjotujhft {vsfiu [befsjoo Tjfiu Nfmmbbsu {vsfiu [bohhfs