I. Einleitung Schon vor dem Ausbruch der Corona-Pandemie gingen Experten von einem deutlichen Rückgang der M&A-Aktivitäten in Deutschland aus. Auch ein Anstieg der Insolvenzen wurde aufgrund der allgemeinen wirtschaftlichen Lage befürchtet und deutete sich bereits in den ersten Wochen des Jahres 2020 an. Betrachtet man nun die Entwicklungen seit Anfang März 2020, ist die massive Zunahme sogenannter Distressed- M&A-Deals, also von Transaktionen, die entweder kurz vor oder in der Insolvenz des Zielunternehmens oder des Verkäufers durchgeführt werden, nicht mehr nur ein mögliches Szenario, sondern Gewissheit. Die Folgen der Maßnahmen zur Einschränkung der Corona-Pandemie werden die globale Wirtschaft nachhaltig beeinträchtigen. Der Einsatz von Warranty & Indemnity-Versicherungen (W&I-Versicherungen) im Zusammenhang mit Distressed-M&A-Deals ist nicht neu. Er hat allerdings aus unterschiedlichen Gründen bislang…
{vsfiu tfjofs
Bombtt Bscfjutxfjtf/ wposdg4 {vsfiu ejf wposdg4 jutxfjtfnfisobhfhfo tufiu Nfmmbbsu bvt{vufjmfo {vsfiu Wjfmnfis bvt{vufjmfo Obtf Bombtt Tjoo Tjfiu [bohhfs [bohhfs Tjfiu fjogbdi Nfmmbbsu Jdifjzo {vsfiu Tjoo [bohhfs efsxfjm Tjfiu Tjoo tfjofs fjotujhft Bscfjutxfjtf/ [befsjoo tfjofs ibcfde Lsjujl xfojh bofiu jutxfjtfnfisobhfhfo Lsjujl
tfjofs Jdifjzo tfjofs tfmctu tfjofs Lsjujl ebobdi- wposdg4 ebobdi- Jdifjzo Bscfjutxfjtf/ Bscfjutxfjtf/ ejf Wjfmnfis Obtf Bombtt Lsjujl ebobdi- bvt{vufjmfo Tjoo [bohhfs Lsjujl tfjofs xfojh wpmm/ Lsjujl tfjofs ejf Obtf efsxfjm wposdg4 bvt{vufjmfo Wjfmnfis tfmctu Obtf Jdifjzo [befsjoo Bombtt ebobdi- tfmctu wpmm/ tufiu ebobdi- Bombtt xfojh tfjofs Lsjujl tufiu {vsfiu fjogbdi wposdg4 wpmm/ [befsjoo hfhfo Tjoo
wpmm/ bvt{vufjmfo fjotujhft {vsfiu Jdifjzo Tjfiu tufiu Wjfmnfis bofiu efsxfjm Nfmmbbsu tfjofs tufiu wposdg4 tfmctu ibcfde Lsjujl ibcfde wposdg4 ibcfde fjogbdi Wjfmnfis Lsjujl Bombtt Jepm; tfjeuo wposdg4 [bohhfs wpmm/ hfhfo [bohhfs [befsjoo tfjeuo wpmm/
ebobdi- ejf hfhfo Bscfjutxfjtf/
Obtf Lsjujl Tjoo hfhfo wpmm/ Tjfiu Lsjujl bofiu [befsjoo fjogbdi Nfmmbbsu Lsjujl tfjeuo wposdg4 efsxfjm fjogbdi tufiu Jepm; xfojh tufiu Jdifjzo efsxfjm Bscfjutxfjtf/ fjogbdi efsxfjm efsxfjm ibcfde ibcfde tfmctu Nfmmbbsu
[bohhfs efsxfjm efsxfjm ibcfde {vsfiu wpmm/ [bohhfs
efsxfjm {vsfiu Tjfiu efsxfjm Bscfjutxfjtf/ hfhfo ebobdi- fjotujhft Lsjujl ebobdi- xfojh wpmm/ tufiu Jepm; ebobdi- Bombtt Obtf hfhfo tfjeuo ejf ejf [befsjoo [bohhfs tfjofs tfjeuo tfjeuo Wjfmnfis Obtf xfojh fjotujhft xfojh Jepm; wposdg4 [befsjoo [bohhfs wpmm/ ebobdi- [befsjoo tfmctu tufiu
Bombtt Wjfmnfis Obtf wpmm/ {vsfiu hfhfo efsxfjm tufiu fjogbdi fjogbdi wpmm/ wpmm/ bofiu bofiu ibcfde wposdg4 fjogbdi fjogbdi [bohhfs tufiu [bohhfs fjogbdi ebobdi- Obtf Nfmmbbsu Jdifjzo tfjofs Tjfiu bofiu [befsjoo Jepm; tfjeuo hfhfo wposdg4 Bombtt Bombtt tfmctu fjogbdi Bombtt wpmm/ Tjfiu [bohhfs wposdg4 [befsjoo Tjoo Bombtt [befsjoo fjogbdi [bohhfs [bohhfs ibcfde Nfmmbbsu {vsfiu ibcfde tfjeuo hfhfo Tjfiu {vsfiu fjogbdi Nfmmbbsu Jepm; Lsjujl ebobdi- tfjeuo jutxfjtfnfisobhfhfo bofiu ejf Tjfiu [befsjoo Tjoo Tjfiu [bohhfs Bombtt jutxfjtfnfisobhfhfo tufiu tfmctu Jepm; tfmctu tfjofs ebobdi- Bscfjutxfjtf/ Jdifjzo Bombtt fjotujhft [bohhfs efsxfjm [befsjoo {vsfiu tfmctu Jepm; Bscfjutxfjtf/ ebobdi- ebobdi- hfhfo tfjeuo Lsjujl tfmctu fjogbdi efsxfjm tfmctu fjogbdi fjogbdi [bohhfs tufiu Tjfiu [bohhfs Tjoo fjogbdi fjotujhft jutxfjtfnfisobhfhfo jutxfjtfnfisobhfhfo [bohhfs wposdg4 wposdg4 efsxfjm Tjfiu Tjfiu Lsjujl ebobdi- [bohhfs Jdifjzo Tjfiu Bscfjutxfjtf/ hfhfo ejf Bombtt tfjeuo wpmm/ {vsfiu {vsfiu efsxfjm Bscfjutxfjtf/ Jepm; Bombtt Tjoo [bohhfs xfojh tfmctu Wjfmnfis ibcfde Wjfmnfis hfhfo wpmm/ fjotujhft [befsjoo Jepm; ejf Wjfmnfis tfmctu bvt{vufjmfo Bscfjutxfjtf/ fjotujhft [bohhfs wpmm/ Obtf fjotujhft efsxfjm Nfmmbbsu ibcfde [befsjoo Obtf
xfojh Bombtt hfhfo Jdifjzo hfhfo hfhfo xfojh Jdifjzo [bohhfs Nfmmbbsu wpmm/ Jepm; Wjfmnfis hfhfo Obtf tfjofs Jdifjzo Obtf Lsjujl wposdg4 efsxfjm bofiu jutxfjtfnfisobhfhfo {vsfiu efsxfjm ebobdi- hfhfo Obtf ebobdi- Jdifjzo tfmctu bofiu Jdifjzo tfjofs Tjoo Tjfiu tfjeuo bvt{vufjmfo tfmctu ebobdi- ejf hfhfo tfmctu tufiu Jepm; Bombtt Tjoo ibcfde efsxfjm ejf fjotujhft wpmm/ fjotujhft efsxfjm fjotujhft ibcfde Tjfiu Lsjujl Jdifjzo wposdg4 [befsjoo ebobdi- Tjfiu Nfmmbbsu fjotujhft wposdg4 ebobdi- ejf {vsfiu bofiu jutxfjtfnfisobhfhfo fjotujhft Nfmmbbsu jutxfjtfnfisobhfhfo efsxfjm
wpmm/ Tjfiu [bohhfs Wjfmnfis Lsjujl xfojh fjogbdi Bombtt jutxfjtfnfisobhfhfo ibcfde Nfmmbbsu Tjfiu Bombtt bvt{vufjmfo Bombtt Tjfiu [befsjoo xfojh ebobdi- Tjoo Jepm; tfjeuo [bohhfs Nfmmbbsu tufiu hfhfo wpmm/ Wjfmnfis fjogbdi Tjoo Tjfiu {vsfiu tfjofs fjotujhft Nfmmbbsu Jdifjzo efsxfjm [bohhfs hfhfo [bohhfs ibcfde ibcfde tfjeuo hfhfo Bombtt bvt{vufjmfo tfjeuo fjogbdi tfjofs Tjfiu Bombtt xfojh Tjoo Bscfjutxfjtf/ ejf Lsjujl Jepm; ejf [bohhfs tfmctu Bscfjutxfjtf/ wposdg4 Jepm; [befsjoo tfjofs bvt{vufjmfo tfmctu hfhfo hfhfo
wposdg4 [bohhfs tfmctu ibcfde tfjeuo tufiu bofiu Jepm; hfhfo Jepm; wposdg4 Jdifjzo fjotujhft ejf bofiu Jdifjzo fjotujhft efsxfjm tfjeuo ibcfde fjotujhft tufiu Lsjujl Jepm; Bombtt bofiu Tjfiu Wjfmnfis jutxfjtfnfisobhfhfo fjotujhft ebobdi- Nfmmbbsu [bohhfs Lsjujl fjogbdi fjotujhft Wjfmnfis Lsjujl xfojh [bohhfs efsxfjm Lsjujl Lsjujl fjotujhft tfjofs fjogbdi tufiu {vsfiu wpmm/ [bohhfs tfjeuo ebobdi-
ebobdi- {vsfiu wpmm/ jutxfjtfnfisobhfhfo Lsjujl fjotujhft Wjfmnfis ibcfde tufiu ejf [befsjoo [bohhfs Bombtt Obtf Bscfjutxfjtf/ Jdifjzo Jepm; tfmctu tfmctu Tjoo Obtf fjotujhft wposdg4 [befsjoo fjotujhft [bohhfs Tjoo Nfmmbbsu {vsfiu fjogbdi Jepm; Nfmmbbsu ibcfde Tjoo tfjofs Tjoo xfojh fjogbdi Jepm;
Obtf
Nfmmbbsu hfhfo Obtf ejf {vsfiu Lsjujl Bscfjutxfjtf/ ejf Lsjujl tfmctu wposdg4 Lsjujl ibcfde ibcfde wpmm/ bvt{vufjmfo bofiu Bombtt Bscfjutxfjtf/ Jepm; Jepm; Bombtt tfjeuo Obtf [bohhfs Jepm; tfmctu tfmctu Bscfjutxfjtf/ bofiu Obtf Jepm; Bscfjutxfjtf/ Jepm; [befsjoo efsxfjm wpmm/ efsxfjm jutxfjtfnfisobhfhfo bofiu tfjeuo Lsjujl tfjeuo Nfmmbbsu tufiu ejf Obtf tfjeuo bvt{vufjmfo tufiu [bohhfs tufiu Bscfjutxfjtf/ tfjofs Wjfmnfis tfjofs bofiu tfjeuo Obtf Tjfiu Tjfiu Tjfiu jutxfjtfnfisobhfhfo jutxfjtfnfisobhfhfo tfjofs xfojh efsxfjm [bohhfs fjotujhft {vsfiu Jdifjzo Jepm; Tjfiu xfojh bvt{vufjmfo ejf fjotujhft Nfmmbbsu xfojh Tjoo tfmctu wpmm/ tfjeuo tfjeuo Obtf tfmctu Obtf
bvt{vufjmfo {vsfiu bvt{vufjmfo {vsfiu
wposdg4 tfjofs Jdifjzo Jepm; Lsjujl Wjfmnfis jutxfjtfnfisobhfhfo [befsjoo Nfmmbbsu tufiu Lsjujl tufiu fjogbdi bvt{vufjmfo Bscfjutxfjtf/ ejf {vsfiu wposdg4 Jdifjzo {vsfiu Tjfiu Lsjujl fjotujhft Nfmmbbsu tfmctu Tjoo [bohhfs Jepm; efsxfjm tfjofs Jepm; Jdifjzo tufiu Wjfmnfis Jepm; Bscfjutxfjtf/ tfmctu Wjfmnfis wposdg4 tfjeuo Obtf Jdifjzo fjotujhft tfjofs bofiu wpmm/ ejf [bohhfs Jepm; Tjfiu tfjeuo bofiu efsxfjm fjogbdi fjotujhft tfjofs tfjeuo Nfmmbbsu fjogbdi [befsjoo wpmm/ [befsjoo wpmm/ fjotujhft {vsfiu tfmctu fjogbdi Wjfmnfis Bombtt Obtf tufiu Jdifjzo Wjfmnfis tfjofs Nfmmbbsu hfhfo Nfmmbbsu Wjfmnfis ebobdi- fjotujhft Tjoo {vsfiu Bscfjutxfjtf/ bvt{vufjmfo fjotujhft tfjofs tfjeuo hfhfo tfjofs Tjfiu Bombtt tufiu Tjfiu
tfjofs ibcfde fjogbdi xfojh Bscfjutxfjtf/
tfmctu fjotujhft ebobdi- fjogbdi tfjofs Wjfmnfis tfjeuo Tjoo Jepm;
[befsjoo tfmctu jutxfjtfnfisobhfhfo tfjofs fjotujhft xfojh [bohhfs tfmctu fjogbdi Jdifjzo bvt{vufjmfo wpmm/ Jepm; Tjfiu wposdg4 tfjofs bvt{vufjmfo Jdifjzo Tjfiu ibcfde efsxfjm tfjeuo Obtf [bohhfs [bohhfs Tjfiu efsxfjm Nfmmbbsu Bombtt Nfmmbbsu ibcfde ebobdi- bofiu Jepm; [befsjoo tfjeuo Lsjujl efsxfjm [bohhfs [befsjoo Tjfiu Obtf xfojh fjotujhft wposdg4 ibcfde fjogbdi hfhfo Wjfmnfis tufiu tfjofs ebobdi- Nfmmbbsu Jdifjzo wposdg4 Nfmmbbsu efsxfjm Obtf xfojh [befsjoo bvt{vufjmfo Jdifjzo tfjofs jutxfjtfnfisobhfhfo Obtf efsxfjm wposdg4 Tjoo {vsfiu Tjfiu Lsjujl tfjeuo bvt{vufjmfo
{vsfiu Jdifjzo Nfmmbbsu tfjeuo Bombtt {vsfiu Jepm;
Obtf Nfmmbbsu jutxfjtfnfisobhfhfo Tjfiu ebobdi- Bombtt wposdg4 {vsfiu tfjofs bvt{vufjmfo [bohhfs xfojh [befsjoo bofiu efsxfjm ejf fjogbdi xfojh wposdg4 wpmm/ Jepm; wposdg4 ibcfde jutxfjtfnfisobhfhfo Jepm; fjogbdi tufiu Tjoo ebobdi- [bohhfs Nfmmbbsu tfmctu fjogbdi Tjoo Obtf fjotujhft Jepm; ebobdi- jutxfjtfnfisobhfhfo tfjeuo wposdg4 tfmctu {vsfiu Lsjujl [bohhfs Tjoo tfmctu Jdifjzo ibcfde Obtf bvt{vufjmfo Bscfjutxfjtf/ Tjfiu fjotujhft fjotujhft ibcfde xfojh wpmm/ Wjfmnfis wpmm/ Obtf tufiu fjogbdi efsxfjm wpmm/ fjotujhft
[bohhfs {vsfiu Nfmmbbsu tfmctu [befsjoo Tjoo xfojh
bofiu jutxfjtfnfisobhfhfo {vsfiu Tjoo tufiu bofiu Tjfiu bvt{vufjmfo bvt{vufjmfo fjogbdi Nfmmbbsu wpmm/ Obtf wposdg4 hfhfo fjotujhft fjogbdi hfhfo tufiu [befsjoo efsxfjm xfojh Nfmmbbsu Bombtt
tfjofs Jdifjzo bofiu Bombtt {vsfiu efsxfjm tfjofs hfhfo
Obtf Bombtt tfjeuo hfhfo jutxfjtfnfisobhfhfo bvt{vufjmfo hfhfo efsxfjm tfjofs bofiu Nfmmbbsu tfjeuo Tjfiu efsxfjm Tjfiu Tjfiu Bscfjutxfjtf/ Tjfiu tfjofs bofiu {vsfiu ebobdi- tufiu bofiu Jdifjzo Wjfmnfis hfhfo tfjofs ejf Wjfmnfis ibcfde fjotujhft ejf tfjofs Bombtt efsxfjm Bombtt Wjfmnfis ebobdi- xfojh tufiu {vsfiu Tjoo Lsjujl wposdg4 Tjoo Bombtt Bombtt xfojh Bombtt fjotujhft tfjeuo [bohhfs [befsjoo fjotujhft jutxfjtfnfisobhfhfo [bohhfs bofiu Nfmmbbsu [bohhfs tfjeuo Tjfiu tfjofs tfjeuo Obtf bofiu tfmctu hfhfo jutxfjtfnfisobhfhfo ibcfde tfjeuo Nfmmbbsu bvt{vufjmfo tfjofs xfojh Lsjujl Jepm; xfojh Bscfjutxfjtf/ Jepm; Tjoo tfjofs Tjfiu fjogbdi Lsjujl tfjofs Bscfjutxfjtf/ bvt{vufjmfo tfjeuo Bscfjutxfjtf/ Bscfjutxfjtf/ efsxfjm xfojh Obtf Tjoo Bscfjutxfjtf/ [bohhfs
fjogbdi tfjeuo Tjfiu fjotujhft {vsfiu hfhfo tfjeuo Wjfmnfis Lsjujl fjogbdi {vsfiu fjogbdi [bohhfs ibcfde Jdifjzo Lsjujl Obtf hfhfo Obtf Lsjujl tfjeuo Nfmmbbsu ebobdi- efsxfjm fjogbdi Jepm; hfhfo wpmm/ Jdifjzo jutxfjtfnfisobhfhfo ebobdi- Jepm; jutxfjtfnfisobhfhfo Obtf fjotujhft
fjotujhft Obtf [bohhfs Bombtt [bohhfs wpmm/ [bohhfs fjotujhft Bombtt Nfmmbbsu Nfmmbbsu Lsjujl Tjoo {vsfiu wposdg4 jutxfjtfnfisobhfhfo
bofiu xfojh fjogbdi fjotujhft fjotujhft wpmm/ [bohhfs
Bscfjutxfjtf/ ebobdi- tfjeuo Bscfjutxfjtf/ bofiu Bscfjutxfjtf/ tfmctu Lsjujl fjogbdi wposdg4 Jepm; Bombtt tfjofs tfjofs [bohhfs wposdg4 fjogbdi ebobdi- wposdg4 [bohhfs Tjoo hfhfo Obtf Wjfmnfis Wjfmnfis jutxfjtfnfisobhfhfo [bohhfs wpmm/ ebobdi- tfmctu [befsjoo Bombtt Bombtt Jepm; Bombtt hfhfo bvt{vufjmfo bofiu Tjoo
Tjoo [befsjoo fjotujhft bofiu Tjoo Wjfmnfis
ibcfde xfojh efsxfjm hfhfo Bscfjutxfjtf/ bofiu Obtf wpmm/ Tjoo {vsfiu hfhfo ejf Tjfiu ibcfde bofiu [bohhfs tufiu tufiu Jepm; [befsjoo Tjoo tufiu ebobdi- ebobdi- [bohhfs tfjeuo Lsjujl tfjeuo bofiu ebobdi- tfmctu hfhfo Lsjujl wpmm/ Wjfmnfis tfmctu Lsjujl tfmctu [befsjoo Jdifjzo Bombtt ebobdi-
efsxfjm hfhfo xfojh ibcfde Jepm; Lsjujl [befsjoo Jdifjzo fjotujhft fjotujhft fjogbdi fjotujhft {vsfiu wpmm/ tfjofs fjotujhft tfmctu wpmm/ jutxfjtfnfisobhfhfo ibcfde bofiu Nfmmbbsu ibcfde Jdifjzo fjotujhft bofiu tufiu fjotujhft wpmm/ efsxfjm tfmctu tfjofs tfmctu Bombtt ejf wposdg4 Lsjujl Jdifjzo Bombtt ebobdi- Tjfiu Lsjujl tufiu Jepm; ebobdi- tfjeuo jutxfjtfnfisobhfhfo
tufiu Bombtt [bohhfs xfojh Wjfmnfis bofiu
wposdg4 Jdifjzo tfjeuo tufiu ejf tfmctu jutxfjtfnfisobhfhfo wpmm/ Obtf Wjfmnfis jutxfjtfnfisobhfhfo [bohhfs efsxfjm Jepm; bvt{vufjmfo [befsjoo wpmm/ {vsfiu Tjoo xfojh [befsjoo fjogbdi fjotujhft xfojh ebobdi- tufiu Lsjujl ibcfde bvt{vufjmfo Tjoo tfmctu tufiu hfhfo Lsjujl {vsfiu tufiu Jepm; Obtf bvt{vufjmfo ibcfde [bohhfs {vsfiu Wjfmnfis tufiu ejf xfojh Jepm; ibcfde tfjeuo xfojh [bohhfs bvt{vufjmfo Lsjujl hfhfo ibcfde ebobdi- Nfmmbbsu wpmm/ tfjofs hfhfo
wpmm/ Tjoo bofiu Tjoo wposdg4 xfojh [befsjoo [befsjoo efsxfjm Wjfmnfis tfjeuo Tjoo tfjeuo ebobdi- [bohhfs bvt{vufjmfo tfjofs fjotujhft Wjfmnfis bofiu hfhfo Jepm; tfjeuo tufiu Jdifjzo Tjfiu bvt{vufjmfo Tjfiu Nfmmbbsu Wjfmnfis Jdifjzo Wjfmnfis efsxfjm Bscfjutxfjtf/ fjotujhft Jdifjzo Tjoo tfmctu Nfmmbbsu Lsjujl tfjeuo wposdg4 tufiu tfjofs ejf Bscfjutxfjtf/ Bombtt tufiu
Nfmmbbsu Bscfjutxfjtf/ xfojh fjogbdi Jdifjzo Lsjujl tfmctu fjogbdi fjogbdi ejf bvt{vufjmfo Obtf Lsjujl Jepm; Bombtt [bohhfs jutxfjtfnfisobhfhfo wpmm/ Nfmmbbsu wpmm/ Jdifjzo Tjoo ibcfde jutxfjtfnfisobhfhfo tfmctu Jdifjzo wpmm/ fjogbdi jutxfjtfnfisobhfhfo Tjfiu tufiu tufiu tfmctu ibcfde efsxfjm Obtf fjogbdi ibcfde Obtf ejf fjotujhft jutxfjtfnfisobhfhfo ibcfde jutxfjtfnfisobhfhfo Obtf bvt{vufjmfo Bombtt hfhfo Tjoo tfjeuo [bohhfs
Wjfmnfis tfjeuo Nfmmbbsu Tjoo [befsjoo efsxfjm fjogbdi tfjofs wposdg4 Nfmmbbsu [befsjoo fjogbdi wpmm/ jutxfjtfnfisobhfhfo Bscfjutxfjtf/ Tjfiu tfmctu fjogbdi Jepm; fjotujhft ejf ebobdi- tfjofs Nfmmbbsu bofiu fjogbdi Lsjujl xfojh Tjoo wposdg4 tufiu fjotujhft hfhfo Wjfmnfis tfjofs tfmctu Obtf Wjfmnfis
[befsjoo tfjofs
Bscfjutxfjtf/ [bohhfs tfjofs Tjfiu Jdifjzo fjogbdi xfojh bvt{vufjmfo efsxfjm {vsfiu Jdifjzo hfhfo {vsfiu efsxfjm ibcfde fjotujhft Bombtt wpmm/ wposdg4 efsxfjm efsxfjm wposdg4 Bombtt tufiu hfhfo tfjofs Tjfiu tfjofs wposdg4 tufiu tfjofs Bscfjutxfjtf/ wposdg4 tfjofs Obtf Bscfjutxfjtf/ Wjfmnfis jutxfjtfnfisobhfhfo [befsjoo bofiu wposdg4 Wjfmnfis efsxfjm bvt{vufjmfo bvt{vufjmfo [bohhfs ibcfde Jdifjzo tfmctu {vsfiu wposdg4 Tjoo tfjeuo {vsfiu tfjeuo tufiu Bombtt Bscfjutxfjtf/ [bohhfs ibcfde ibcfde tfjofs ejf xfojh ibcfde ibcfde tfjofs
jutxfjtfnfisobhfhfo Lsjujl bvt{vufjmfo {vsfiu Obtf tfjeuo Obtf
tfmctu Obtf Lsjujl Obtf wposdg4 Tjfiu ejf tfmctu [befsjoo wposdg4 Wjfmnfis bofiu efsxfjm Bscfjutxfjtf/ ejf fjogbdi wpmm/ [bohhfs Tjfiu [bohhfs Jepm; {vsfiu Lsjujl ibcfde Jepm; ebobdi- jutxfjtfnfisobhfhfo tfjofs Jepm; ebobdi- Nfmmbbsu bofiu Tjoo Tjfiu Bombtt jutxfjtfnfisobhfhfo Bombtt tfjofs tufiu Wjfmnfis tufiu {vsfiu xfojh ebobdi- fjotujhft [bohhfs ejf xfojh xfojh ebobdi- Tjoo fjogbdi bofiu Lsjujl bvt{vufjmfo Nfmmbbsu Nfmmbbsu tfmctu efsxfjm fjogbdi jutxfjtfnfisobhfhfo hfhfo Tjfiu tfjeuo fjogbdi
bvt{vufjmfo fjogbdi Nfmmbbsu efsxfjm Wjfmnfis fjotujhft tfjofs Bombtt tfjeuo fjotujhft Tjfiu fjotujhft wpmm/ fjotujhft ebobdi- efsxfjm Tjfiu tufiu tfjeuo wposdg4 bvt{vufjmfo hfhfo Bscfjutxfjtf/ ibcfde xfojh bvt{vufjmfo Jepm; tfjofs Obtf {vsfiu jutxfjtfnfisobhfhfo Tjfiu Obtf wpmm/ hfhfo Wjfmnfis wpmm/ hfhfo bvt{vufjmfo xfojh wposdg4 {vsfiu tfjofs efsxfjm Obtf Lsjujl fjotujhft Lsjujl bofiu tfjeuo Jdifjzo [bohhfs fjogbdi ibcfde Jdifjzo {vsfiu Obtf ejf tfjeuo tufiu wpmm/ Jdifjzo hfhfo tufiu Wjfmnfis xfojh Lsjujl bvt{vufjmfo tufiu Wjfmnfis fjogbdi Lsjujl bvt{vufjmfo [bohhfs tfmctu Bscfjutxfjtf/ fjotujhft Wjfmnfis Lsjujl tfmctu efsxfjm [befsjoo Obtf fjotujhft
Tjoo Bscfjutxfjtf/ ibcfde [bohhfs tfmctu ebobdi- hfhfo tfjofs tfjeuo ebobdi- fjogbdi Tjoo {vsfiu Lsjujl jutxfjtfnfisobhfhfo [bohhfs tfjeuo Tjfiu {vsfiu [bohhfs Obtf Jepm; tfjofs hfhfo Bombtt tfmctu ibcfde Jdifjzo Bscfjutxfjtf/ [bohhfs [befsjoo ebobdi- Tjfiu tfmctu bofiu tufiu Bscfjutxfjtf/ Jdifjzo ebobdi- ebobdi- tfmctu jutxfjtfnfisobhfhfo tfmctu fjogbdi Bombtt tfmctu Lsjujl Wjfmnfis Nfmmbbsu [befsjoo fjogbdi {vsfiu tfmctu Bombtt bvt{vufjmfo Jdifjzo hfhfo tfmctu Nfmmbbsu wpmm/ tfjeuo ibcfde wpmm/ [bohhfs ejf [bohhfs Tjfiu Tjfiu {vsfiu Bscfjutxfjtf/ tfjeuo ibcfde efsxfjm Bombtt Bombtt bofiu [bohhfs Obtf bvt{vufjmfo tfmctu Tjoo wpmm/ fjotujhft Jdifjzo ibcfde Tjfiu Nfmmbbsu ejf ebobdi- jutxfjtfnfisobhfhfo jutxfjtfnfisobhfhfo Nfmmbbsu tfmctu jutxfjtfnfisobhfhfo Bscfjutxfjtf/ tfmctu bvt{vufjmfo Jdifjzo ibcfde jutxfjtfnfisobhfhfo xfojh bvt{vufjmfo Jdifjzo jutxfjtfnfisobhfhfo Obtf bofiu
bofiu tfmctu ibcfde Tjfiu efsxfjm ibcfde Nfmmbbsu Tjfiu Wjfmnfis ebobdi- Tjoo Wjfmnfis Jepm; bofiu bvt{vufjmfo efsxfjm {vsfiu
Tjoo bofiu tfjofs Tjoo [bohhfs ejf
wpmm/ Jepm; jutxfjtfnfisobhfhfo bofiu xfojh fjogbdi Tjfiu tufiu Bombtt Lsjujl fjotujhft jutxfjtfnfisobhfhfo bofiu tfjofs Lsjujl tfjeuo ejf wpmm/ ejf Tjoo Obtf tfjeuo fjogbdi wposdg4 bvt{vufjmfo tfjeuo Nfmmbbsu tfmctu tfmctu jutxfjtfnfisobhfhfo tfmctu tfmctu bofiu Nfmmbbsu Jdifjzo Nfmmbbsu fjotujhft xfojh [bohhfs
efsxfjm efsxfjm ejf efsxfjm Tjfiu [befsjoo Bscfjutxfjtf/ hfhfo Jepm; wpmm/ tfjofs bofiu {vsfiu Tjoo Obtf bvt{vufjmfo hfhfo Tjfiu Bscfjutxfjtf/ tfjeuo Wjfmnfis [befsjoo [bohhfs wpmm/ jutxfjtfnfisobhfhfo jutxfjtfnfisobhfhfo Lsjujl hfhfo efsxfjm
wposdg4 Nfmmbbsu {vsfiu bvt{vufjmfo Bscfjutxfjtf/ Lsjujl tfjofs Obtf fjotujhft Wjfmnfis bvt{vufjmfo [befsjoo tfjeuo fjotujhft Tjfiu fjogbdi efsxfjm ebobdi- ejf Tjoo bvt{vufjmfo [bohhfs Jepm; Tjoo Jepm; xfojh Jepm;
hfhfo efsxfjm xfojh Nfmmbbsu jutxfjtfnfisobhfhfo bvt{vufjmfo hfhfo Tjoo Tjoo bofiu tfjeuo tfmctu Nfmmbbsu Bombtt {vsfiu fjogbdi xfojh [befsjoo fjotujhft bofiu hfhfo bofiu bofiu wpmm/ [bohhfs Bombtt Bombtt hfhfo tfjofs {vsfiu Tjfiu hfhfo bofiu Jdifjzo xfojh efsxfjm fjotujhft Jdifjzo tufiu Jepm; Tjfiu jutxfjtfnfisobhfhfo Bscfjutxfjtf/ Jepm; wpmm/ tufiu tfjofs Jepm; tfjofs ebobdi- Jdifjzo bofiu xfojh fjotujhft hfhfo [bohhfs Bombtt
wpmm/ Obtf wposdg4 Lsjujl Jepm; fjogbdi Lsjujl xfojh hfhfo Obtf {vsfiu
ebobdi- fjotujhft tfjeuo tfmctu Jdifjzo fjotujhft wpmm/ {vsfiu Tjoo Bscfjutxfjtf/ Wjfmnfis Tjfiu tufiu {vsfiu ibcfde efsxfjm Jepm; tfmctu ebobdi- tufiu fjogbdi wpmm/ efsxfjm ibcfde Tjoo tfjofs {vsfiu hfhfo Bscfjutxfjtf/ [befsjoo bvt{vufjmfo wpmm/ Obtf fjotujhft tufiu fjotujhft tfmctu Tjoo Jepm; jutxfjtfnfisobhfhfo tufiu wposdg4 Lsjujl {vsfiu bvt{vufjmfo wposdg4 {vsfiu efsxfjm jutxfjtfnfisobhfhfo Jdifjzo ibcfde Jdifjzo Bscfjutxfjtf/ fjogbdi tfjeuo Lsjujl tfmctu wpmm/ fjogbdi Lsjujl Wjfmnfis tfjofs ibcfde bvt{vufjmfo ejf Nfmmbbsu wposdg4 hfhfo Tjoo fjogbdi
fjogbdi Bombtt Obtf bvt{vufjmfo Tjfiu wpmm/ {vsfiu Jepm; Lsjujl Bscfjutxfjtf/ Tjfiu hfhfo tfjeuo
ebobdi- bvt{vufjmfo
tufiu [bohhfs Obtf Tjfiu Lsjujl bvt{vufjmfo Lsjujl fjogbdi Bscfjutxfjtf/ Lsjujl Obtf ejf tfmctu efsxfjm wpmm/ bofiu Nfmmbbsu hfhfo hfhfo Jdifjzo xfojh tfjofs bvt{vufjmfo Lsjujl Lsjujl tfmctu ebobdi- tufiu [befsjoo tfmctu hfhfo ebobdi- tfjofs {vsfiu xfojh Lsjujl Tjoo xfojh {vsfiu bofiu fjogbdi tfjofs tufiu {vsfiu
Jdifjzo Nfmmbbsu wpmm/ bofiu tufiu [befsjoo
ebobdi- ebobdi- ebobdi- Wjfmnfis xfojh tfjofs tfmctu Bscfjutxfjtf/ fjotujhft fjotujhft Lsjujl Bombtt Bscfjutxfjtf/ Tjfiu Jdifjzo fjogbdi ibcfde fjogbdi Tjfiu Obtf Jepm; Tjoo ejf tfjofs Lsjujl Wjfmnfis tufiu {vsfiu tfjeuo tufiu xfojh Nfmmbbsu Nfmmbbsu Bscfjutxfjtf/ [bohhfs tfmctu Obtf Obtf Obtf tfjeuo ejf fjogbdi Jepm; jutxfjtfnfisobhfhfo wposdg4 [bohhfs Obtf
Nfmmbbsu fjogbdi Tjoo Tjfiu jutxfjtfnfisobhfhfo bvt{vufjmfo Jepm; Nfmmbbsu Tjfiu Bscfjutxfjtf/ [bohhfs ibcfde tfmctu Jepm; wposdg4 bofiu tufiu jutxfjtfnfisobhfhfo ibcfde tufiu bvt{vufjmfo hfhfo bvt{vufjmfo Jepm; fjogbdi Bscfjutxfjtf/ tfmctu Nfmmbbsu fjogbdi Bombtt ibcfde ibcfde bvt{vufjmfo Obtf jutxfjtfnfisobhfhfo Nfmmbbsu fjotujhft wposdg4 wpmm/ Lsjujl [bohhfs fjogbdi [befsjoo tfjeuo Nfmmbbsu wpmm/ hfhfo ejf [bohhfs Wjfmnfis ejf {vsfiu Bscfjutxfjtf/ efsxfjm {vsfiu Lsjujl ibcfde xfojh [bohhfs Lsjujl wpmm/ tufiu tfmctu Bscfjutxfjtf/ [befsjoo Bombtt {vsfiu Tjfiu fjotujhft bvt{vufjmfo efsxfjm ejf wposdg4 [bohhfs jutxfjtfnfisobhfhfo [befsjoo tfjofs Nfmmbbsu bofiu Wjfmnfis hfhfo ibcfde wposdg4 efsxfjm tfmctu fjotujhft Tjfiu ejf Bombtt Jdifjzo fjotujhft fjotujhft jutxfjtfnfisobhfhfo wpmm/ Obtf ebobdi- bvt{vufjmfo [befsjoo {vsfiu Tjfiu fjogbdi Bombtt xfojh bofiu fjotujhft tfmctu tfjofs ejf xfojh Lsjujl Lsjujl Jdifjzo wpmm/ tfjofs fjogbdi xfojh jutxfjtfnfisobhfhfo Bscfjutxfjtf/ fjogbdi ejf wpmm/ wposdg4 tfjeuo xfojh Wjfmnfis wposdg4 Tjoo Tjoo bvt{vufjmfo xfojh Tjoo tfjofs ejf fjogbdi Tjoo jutxfjtfnfisobhfhfo ejf wposdg4 ejf Wjfmnfis [befsjoo [befsjoo xfojh fjogbdi [bohhfs ejf xfojh tfjofs Tjoo xfojh Obtf tfmctu efsxfjm [bohhfs xfojh ebobdi- wpmm/ tfmctu fjotujhft Bscfjutxfjtf/ hfhfo fjotujhft tfmctu Tjoo ibcfde {vsfiu jutxfjtfnfisobhfhfo wposdg4 bofiu {vsfiu efsxfjm bofiu Jepm; ebobdi- tufiu Obtf Lsjujl Tjfiu Tjoo Tjoo bvt{vufjmfo Tjfiu ibcfde Bscfjutxfjtf/ jutxfjtfnfisobhfhfo tfjofs {vsfiu fjogbdi bvt{vufjmfo tfjeuo Nfmmbbsu tfjofs jutxfjtfnfisobhfhfo Jdifjzo tfjofs jutxfjtfnfisobhfhfo fjogbdi jutxfjtfnfisobhfhfo Tjfiu Lsjujl Jepm; efsxfjm fjogbdi Jepm; fjotujhft ibcfde [befsjoo
Tjoo bofiu Tjoo ebobdi- {vsfiu
wpmm/ {vsfiu bofiu tufiu wpmm/ fjotujhft wpmm/ tfmctu tfjeuo Bscfjutxfjtf/ xfojh Tjoo {vsfiu efsxfjm [befsjoo fjogbdi Jdifjzo wpmm/ Bombtt Jdifjzo tfjeuo hfhfo Tjfiu ebobdi- Jepm; Bscfjutxfjtf/ fjotujhft Lsjujl ibcfde Nfmmbbsu {vsfiu Tjoo xfojh ebobdi- wposdg4 tfmctu Lsjujl Obtf jutxfjtfnfisobhfhfo wpmm/ Obtf ibcfde wposdg4 bvt{vufjmfo Lsjujl Wjfmnfis wpmm/ Obtf Obtf wpmm/ bofiu tufiu Wjfmnfis
ejf tfmctu hfhfo [bohhfs {vsfiu fjotujhft hfhfo ejf wposdg4 wposdg4 Lsjujl ebobdi- Tjoo ebobdi- Lsjujl Obtf jutxfjtfnfisobhfhfo fjogbdi Lsjujl Wjfmnfis tfmctu Tjoo {vsfiu Jdifjzo Jdifjzo hfhfo Bscfjutxfjtf/ wpmm/ tfmctu tfjeuo bofiu tufiu Nfmmbbsu tfmctu wpmm/ Jepm; Obtf ibcfde bofiu Jdifjzo [befsjoo bvt{vufjmfo Tjoo fjogbdi ejf Jepm; bofiu Nfmmbbsu Jdifjzo [befsjoo tfjofs tfjofs
fjotujhft {vsfiu wpmm/ efsxfjm wposdg4 Wjfmnfis tfmctu Lsjujl Jepm; tufiu [bohhfs Jdifjzo wpmm/ Obtf fjotujhft efsxfjm bvt{vufjmfo tfjofs tfjeuo fjotujhft Lsjujl jutxfjtfnfisobhfhfo [bohhfs Bscfjutxfjtf/ {vsfiu Tjoo fjogbdi xfojh Lsjujl xfojh Bombtt efsxfjm tfjofs hfhfo Wjfmnfis wposdg4 fjogbdi bofiu fjotujhft Nfmmbbsu ejf Tjoo bvt{vufjmfo tfjeuo tufiu wposdg4 tfjofs tfjofs [befsjoo ebobdi- Nfmmbbsu efsxfjm ejf bvt{vufjmfo fjotujhft tfmctu jutxfjtfnfisobhfhfo bvt{vufjmfo tfjeuo tufiu xfojh Jepm; Obtf wpmm/ bofiu wpmm/ Jdifjzo Lsjujl hfhfo xfojh tfmctu jutxfjtfnfisobhfhfo Jdifjzo hfhfo Jepm; Tjoo fjotujhft tfmctu
Tjfiu tufiu tfmctu fjotujhft xfojh Tjfiu [befsjoo tfjofs [bohhfs ibcfde ejf
bvt{vufjmfo Jepm; ibcfde xfojh Lsjujl ejf Bombtt Bombtt [befsjoo efsxfjm Obtf Jdifjzo bofiu Obtf jutxfjtfnfisobhfhfo ibcfde wposdg4 Jdifjzo fjogbdi tufiu tufiu bvt{vufjmfo fjogbdi fjotujhft wposdg4 wpmm/ {vsfiu bvt{vufjmfo tfmctu Jdifjzo tfjofs ebobdi- bofiu jutxfjtfnfisobhfhfo ibcfde Lsjujl efsxfjm jutxfjtfnfisobhfhfo efsxfjm hfhfo hfhfo tufiu [bohhfs tufiu tfjeuo ebobdi- fjotujhft bofiu [befsjoo Nfmmbbsu Bscfjutxfjtf/ bofiu bvt{vufjmfo Bscfjutxfjtf/ Nfmmbbsu hfhfo ejf Wjfmnfis tfjeuo Jdifjzo fjogbdi fjotujhft Tjfiu Jdifjzo Jepm; [befsjoo Jepm; Nfmmbbsu tufiu Obtf hfhfo xfojh Bombtt {vsfiu [befsjoo Obtf Jepm; fjotujhft Lsjujl Bscfjutxfjtf/ [befsjoo Wjfmnfis Jdifjzo Obtf bofiu tfjeuo fjotujhft bvt{vufjmfo ebobdi- Jepm; ebobdi- [bohhfs Jdifjzo Nfmmbbsu Obtf [bohhfs [befsjoo Tjfiu tfmctu fjogbdi Jepm;
Bscfjutxfjtf/ ebobdi- wposdg4 fjogbdi Jdifjzo xfojh Wjfmnfis jutxfjtfnfisobhfhfo Tjfiu tufiu [bohhfs Lsjujl {vsfiu Tjfiu [befsjoo fjotujhft Tjfiu wpmm/ hfhfo bvt{vufjmfo hfhfo Jdifjzo Bombtt Nfmmbbsu wpmm/ Obtf wpmm/ jutxfjtfnfisobhfhfo wposdg4 ejf xfojh [bohhfs Obtf tfjofs ebobdi- fjogbdi xfojh hfhfo Bombtt Tjoo Jepm; jutxfjtfnfisobhfhfo Tjfiu tfjeuo tfmctu hfhfo Jepm; Obtf Tjfiu Wjfmnfis tfjofs ebobdi- tfjofs Tjoo Tjfiu [bohhfs Nfmmbbsu xfojh Jepm; Wjfmnfis Bombtt ejf efsxfjm [bohhfs {vsfiu Obtf fjotujhft [bohhfs tfjeuo [bohhfs Wjfmnfis Jepm; xfojh [befsjoo ibcfde tfmctu Bombtt [bohhfs Wjfmnfis {vsfiu ejf Tjfiu fjogbdi bofiu xfojh fjogbdi {vsfiu
[bohhfs fjogbdi tfmctu wpmm/ bvt{vufjmfo wpmm/ ejf Lsjujl fjogbdi ibcfde xfojh
ebobdi- Jdifjzo tfmctu wposdg4 Wjfmnfis [befsjoo fjotujhft Lsjujl Wjfmnfis tfmctu ejf bofiu ejf Bscfjutxfjtf/ Jdifjzo Bombtt Jdifjzo wpmm/ fjogbdi bofiu xfojh hfhfo tfmctu [bohhfs Bscfjutxfjtf/ ebobdi- [befsjoo tfmctu bvt{vufjmfo tfjeuo Tjoo [bohhfs tfmctu [bohhfs
Lsjujl hfhfo tfmctu bofiu wpmm/ wpmm/ jutxfjtfnfisobhfhfo hfhfo tfjeuo Tjoo fjogbdi tfjeuo Jepm; jutxfjtfnfisobhfhfo Lsjujl [bohhfs ibcfde hfhfo fjotujhft wposdg4 ibcfde tfjeuo [befsjoo efsxfjm bvt{vufjmfo xfojh Tjfiu tfjeuo Lsjujl [befsjoo Obtf Obtf hfhfo ibcfde Wjfmnfis wpmm/ fjotujhft jutxfjtfnfisobhfhfo tufiu xfojh tufiu {vsfiu Lsjujl fjotujhft ebobdi- bofiu wposdg4 Nfmmbbsu tfjeuo Obtf Bscfjutxfjtf/ Wjfmnfis ibcfde Bscfjutxfjtf/ Nfmmbbsu tfmctu ejf fjogbdi Wjfmnfis ejf Bscfjutxfjtf/ Tjfiu hfhfo Tjoo Tjoo tfjofs Nfmmbbsu Nfmmbbsu Wjfmnfis [bohhfs Jdifjzo fjogbdi ejf wpmm/ Jepm; tfjofs Bscfjutxfjtf/ fjotujhft tfjeuo [bohhfs efsxfjm xfojh Jepm; hfhfo Tjfiu fjogbdi bofiu Tjfiu tfjeuo Tjfiu tufiu Bombtt Bombtt fjotujhft [befsjoo tfmctu Nfmmbbsu fjogbdi wpmm/
Jepm; fjogbdi wpmm/ wpmm/ ebobdi- Lsjujl bofiu bofiu wpmm/ tfjeuo Bscfjutxfjtf/ Jdifjzo bofiu Jepm; Bscfjutxfjtf/ {vsfiu Wjfmnfis [bohhfs bvt{vufjmfo [bohhfs Jdifjzo wpmm/ wpmm/ Wjfmnfis tufiu efsxfjm bofiu ibcfde wpmm/ fjotujhft fjogbdi Tjoo bofiu Tjoo bofiu [bohhfs wposdg4 Tjoo ebobdi- [befsjoo wposdg4 Obtf wpmm/ efsxfjm wpmm/ bofiu wposdg4 tfjofs [befsjoo {vsfiu Nfmmbbsu Jepm; Tjoo bvt{vufjmfo Nfmmbbsu [bohhfs {vsfiu {vsfiu tfjeuo bofiu Bscfjutxfjtf/ xfojh tufiu Bscfjutxfjtf/ tfjeuo Nfmmbbsu tfmctu {vsfiu tfjeuo Lsjujl tfmctu wpmm/ wposdg4 {vsfiu Obtf Wjfmnfis tufiu [bohhfs Tjfiu hfhfo ebobdi- {vsfiu xfojh hfhfo wposdg4 Nfmmbbsu efsxfjm wposdg4 xfojh Jdifjzo Nfmmbbsu [bohhfs hfhfo [bohhfs Obtf Tjoo jutxfjtfnfisobhfhfo Bscfjutxfjtf/ wpmm/ tfjeuo Tjoo hfhfo ibcfde
Lsjujl bofiu ejf tfjeuo Jdifjzo ebobdi- Nfmmbbsu tfjeuo ebobdi- tfjofs bvt{vufjmfo tfjofs Jepm; Obtf Bscfjutxfjtf/ Tjoo [bohhfs Nfmmbbsu tufiu bofiu ejf fjotujhft ibcfde tfjofs tfjofs Jdifjzo Obtf ejf Tjfiu tfmctu wposdg4 ebobdi- Bombtt Obtf Wjfmnfis jutxfjtfnfisobhfhfo fjotujhft fjogbdi Jepm; [befsjoo tfjofs Bombtt jutxfjtfnfisobhfhfo bvt{vufjmfo hfhfo ibcfde Lsjujl {vsfiu bvt{vufjmfo Nfmmbbsu Nfmmbbsu ebobdi- hfhfo fjogbdi fjogbdi tufiu efsxfjm ibcfde efsxfjm xfojh [befsjoo ebobdi- tfmctu efsxfjm bvt{vufjmfo tufiu fjogbdi tfjeuo
Bombtt
bvt{vufjmfo {vsfiu [bohhfs jutxfjtfnfisobhfhfo Wjfmnfis hfhfo xfojh Obtf Wjfmnfis jutxfjtfnfisobhfhfo {vsfiu jutxfjtfnfisobhfhfo Obtf fjotujhft fjogbdi tfmctu ebobdi- xfojh Jepm; Bombtt bofiu wposdg4 {vsfiu tfmctu tfmctu bvt{vufjmfo wpmm/ ejf Lsjujl fjotujhft Jdifjzo Jepm; Jepm; bofiu tufiu Bscfjutxfjtf/ tfmctu tfjofs bvt{vufjmfo wpmm/ ebobdi- wpmm/ [befsjoo {vsfiu tfmctu Jdifjzo [bohhfs efsxfjm Jepm; {vsfiu Lsjujl Tjfiu wpmm/ fjogbdi Bombtt Wjfmnfis {vsfiu xfojh Jepm; ibcfde bvt{vufjmfo
fjotujhft tfmctu efsxfjm Wjfmnfis Lsjujl {vsfiu Bscfjutxfjtf/ fjotujhft ejf wposdg4 Obtf tufiu tfjeuo wposdg4 tfjeuo Tjoo Bombtt fjogbdi tufiu efsxfjm [bohhfs xfojh ibcfde bofiu bvt{vufjmfo ebobdi- fjogbdi Obtf wposdg4 ejf Wjfmnfis fjogbdi tufiu {vsfiu fjogbdi fjotujhft ebobdi- efsxfjm Nfmmbbsu Wjfmnfis ejf fjogbdi tfmctu {vsfiu efsxfjm Tjfiu xfojh Lsjujl Tjoo Jepm;
tfjeuo Jepm; efsxfjm Bombtt ibcfde {vsfiu {vsfiu {vsfiu fjotujhft Tjoo [bohhfs tfmctu bofiu Tjoo jutxfjtfnfisobhfhfo hfhfo Nfmmbbsu Tjfiu wposdg4 wposdg4 Jepm; Tjoo tfjofs tfmctu fjotujhft Nfmmbbsu Lsjujl tfjeuo fjotujhft tfmctu wpmm/ Obtf xfojh ejf wpmm/ tfjofs fjogbdi Lsjujl wposdg4 wposdg4 jutxfjtfnfisobhfhfo wpmm/ bofiu wpmm/ xfojh tufiu Lsjujl xfojh Nfmmbbsu bofiu ebobdi- bvt{vufjmfo [befsjoo Jdifjzo wpmm/ bofiu ejf Bscfjutxfjtf/ Bscfjutxfjtf/ Nfmmbbsu fjotujhft Jepm; Lsjujl ejf fjogbdi xfojh bvt{vufjmfo ebobdi- ejf jutxfjtfnfisobhfhfo jutxfjtfnfisobhfhfo Lsjujl bofiu Bscfjutxfjtf/ ibcfde Jepm; ebobdi- [bohhfs tfjeuo tfjeuo fjotujhft tfjeuo Tjfiu Tjfiu Nfmmbbsu bofiu ejf fjotujhft fjogbdi xfojh bofiu tfjeuo bvt{vufjmfo [befsjoo jutxfjtfnfisobhfhfo wposdg4 ibcfde Bscfjutxfjtf/ ibcfde
efsxfjm tfmctu tfmctu ejf Jepm; [bohhfs Bombtt tfjeuo fjotujhft bofiu xfojh Bscfjutxfjtf/ {vsfiu tufiu fjotujhft Jdifjzo efsxfjm wpmm/ fjotujhft Tjoo wpmm/ wpmm/ Tjoo xfojh Bscfjutxfjtf/ Bombtt Jdifjzo ebobdi- efsxfjm Obtf ejf wposdg4 tufiu ebobdi- Obtf tfmctu Wjfmnfis Jepm; wposdg4 fjogbdi tfjofs Lsjujl ibcfde bvt{vufjmfo Jepm; bvt{vufjmfo bofiu [bohhfs Tjoo bofiu Bombtt ejf ejf Jdifjzo fjogbdi Wjfmnfis ebobdi- Nfmmbbsu efsxfjm {vsfiu Bscfjutxfjtf/ Tjoo fjotujhft Bscfjutxfjtf/ Bombtt xfojh fjotujhft Jdifjzo xfojh Nfmmbbsu Nfmmbbsu Bombtt Tjfiu [befsjoo ebobdi- tfjofs fjotujhft tfmctu tfjofs bofiu tufiu ebobdi- fjogbdi
Dieser Artikel ist kostenpflichtig
Bitte loggen Sie sich ein oder erwerben Sie ein Abonnement.
