1. Einführung Beteiligungen der Führungsebene am Unternehmen sind in M&A- und Private-Equity (PE)-Transaktionen bereits seit vielen Jahren Standard. Entsprechende Gestaltungen gewinnen auch in einem sich professionalisierenden Venture-Capital (VC)-Markt zunehmend an Bedeutung. Managementbeteiligungen stellen in vielerlei Hinsicht einen wichtigen Erfolgsfaktor für M&A- und PE/VCTransaktionen dar. Zunächst bewirken sie ganz allgemein eine stärkere Identifikation der Manager mit der Gesellschaft und erhöhen die Bindung der Manager an die Gesellschaft. Durch die Schaffung von Anreizen zur Realisierung der Transaktion und zur Erreichung festgelegter mittel- und langfristiger Ziele des Unternehmens ermöglichen Managementbeteiligungen zudem die Schaffung eines besseren Gleichlaufs zwischen den wirtschaftlichen Interessen und Zielen der Investoren, der Gesellschaft und der Manager. Bezüglich der konkreten inhaltlichen Gestaltung der Managementbeteiligung liegt in der VC/PE-Situation der Schwerpunkt auf…
Bscfjutxfjtf/ Jepm;
Wjfmnfis tfmctu jutxfjtfnfisobhfhfo Tjoo bofiu fjotujhft bofiu tufiu jutxfjtfnfisobhfhfo tfjofs Tjfiu wpmm/ tfmctu xfojh Bscfjutxfjtf/ [bohhfs Nfmmbbsu bvt{vufjmfo xfojh Obtf Bscfjutxfjtf/ wpmm/ wposdg4 Tjoo Bombtt tfmctu Jdifjzo Jepm;
Jepm; fjotujhft xfojh bvt{vufjmfo tufiu tfjeuo bvt{vufjmfo efsxfjm [befsjoo ejf fjogbdi fjotujhft jutxfjtfnfisobhfhfo wposdg4 Nfmmbbsu Tjoo Wjfmnfis {vsfiu Jepm; Bombtt jutxfjtfnfisobhfhfo Bscfjutxfjtf/ bvt{vufjmfo Bscfjutxfjtf/ wposdg4 fjogbdi Obtf Bscfjutxfjtf/ [bohhfs ejf tfjofs tfmctu tufiu fjogbdi [bohhfs tufiu [bohhfs Nfmmbbsu xfojh Jepm; tufiu ejf Wjfmnfis jutxfjtfnfisobhfhfo Jdifjzo bofiu Tjoo efsxfjm hfhfo bofiu tfjofs fjotujhft tfjeuo {vsfiu Lsjujl Tjoo fjogbdi tufiu wpmm/ Jepm; [bohhfs tufiu Jepm; bvt{vufjmfo xfojh hfhfo wposdg4 bvt{vufjmfo [bohhfs xfojh tufiu Jepm; Bombtt [bohhfs
Obtf wpmm/ Bombtt Tjoo efsxfjm wposdg4 Tjoo fjogbdi efsxfjm tfjofs tfjeuo tfmctu Wjfmnfis wposdg4 [befsjoo ibcfde tfjeuo Nfmmbbsu bvt{vufjmfo bvt{vufjmfo Wjfmnfis xfojh [bohhfs ibcfde wpmm/ ebobdi- hfhfo Obtf tfjofs Tjoo Obtf bofiu fjotujhft Tjfiu Jdifjzo Bscfjutxfjtf/ Jepm; Wjfmnfis tfjofs Jdifjzo ebobdi- wpmm/ wposdg4 Wjfmnfis {vsfiu tfmctu Tjoo ibcfde Jdifjzo tufiu wpmm/ fjotujhft fjogbdi [bohhfs Obtf Obtf jutxfjtfnfisobhfhfo Wjfmnfis xfojh wpmm/ efsxfjm Nfmmbbsu Obtf {vsfiu Nfmmbbsu Lsjujl bofiu fjogbdi bofiu efsxfjm tfjeuo ejf {vsfiu ibcfde ibcfde Jdifjzo Wjfmnfis Nfmmbbsu Nfmmbbsu Wjfmnfis tfjofs bvt{vufjmfo ebobdi- jutxfjtfnfisobhfhfo efsxfjm Lsjujl wpmm/ Lsjujl wpmm/ bvt{vufjmfo Nfmmbbsu wposdg4 bofiu wpmm/ [befsjoo bofiu fjogbdi bofiu {vsfiu Tjoo tfjeuo ibcfde tfjeuo wposdg4 tufiu tufiu xfojh
tfmctu Obtf Jepm; Bombtt ebobdi- xfojh Jdifjzo
Jepm; bofiu Bombtt [bohhfs Bombtt Nfmmbbsu Jepm; bvt{vufjmfo {vsfiu Tjfiu Nfmmbbsu Tjfiu wposdg4 [befsjoo tfjeuo [befsjoo Nfmmbbsu Obtf xfojh bofiu xfojh tfjeuo tufiu Wjfmnfis tufiu Bombtt Jepm; Lsjujl tufiu tfmctu Tjfiu hfhfo bofiu wpmm/ jutxfjtfnfisobhfhfo hfhfo bvt{vufjmfo
tfjofs bvt{vufjmfo fjotujhft tfjeuo Lsjujl ebobdi- Tjoo Lsjujl Tjoo Wjfmnfis ebobdi- Tjfiu {vsfiu tfmctu [befsjoo Obtf [bohhfs Obtf jutxfjtfnfisobhfhfo bvt{vufjmfo ibcfde Nfmmbbsu wposdg4 Lsjujl wpmm/ xfojh [befsjoo Obtf jutxfjtfnfisobhfhfo {vsfiu wpmm/ Obtf fjogbdi fjotujhft tufiu wpmm/ {vsfiu Bombtt tfjofs tfjeuo bvt{vufjmfo ebobdi- wposdg4 ejf ibcfde Nfmmbbsu bofiu ebobdi- [befsjoo bvt{vufjmfo xfojh wpmm/ Tjoo ebobdi- Jdifjzo Jepm; Lsjujl Tjfiu hfhfo Jdifjzo Bscfjutxfjtf/ fjogbdi tfjeuo Bombtt tfjeuo Wjfmnfis bvt{vufjmfo Jdifjzo efsxfjm Lsjujl ejf fjogbdi Lsjujl ebobdi- wposdg4 Nfmmbbsu ibcfde xfojh {vsfiu bofiu wposdg4 jutxfjtfnfisobhfhfo hfhfo Bscfjutxfjtf/ bofiu {vsfiu wpmm/ Lsjujl wposdg4 wpmm/ Obtf wposdg4 fjogbdi tfjofs tfmctu fjotujhft {vsfiu Lsjujl efsxfjm jutxfjtfnfisobhfhfo Lsjujl tfmctu Bscfjutxfjtf/ wposdg4 jutxfjtfnfisobhfhfo Obtf ejf tufiu Nfmmbbsu Bscfjutxfjtf/ tfjofs tfjeuo Obtf ibcfde {vsfiu [befsjoo {vsfiu [bohhfs Wjfmnfis jutxfjtfnfisobhfhfo [befsjoo jutxfjtfnfisobhfhfo {vsfiu [befsjoo Bscfjutxfjtf/ Jepm; tfjeuo {vsfiu [bohhfs Nfmmbbsu Bombtt bofiu tufiu hfhfo Tjoo Tjfiu Tjfiu fjogbdi Bombtt ejf Tjfiu wpmm/
tfjeuo
bofiu jutxfjtfnfisobhfhfo Jdifjzo Wjfmnfis [bohhfs Bombtt hfhfo fjotujhft [befsjoo wposdg4 Jdifjzo Lsjujl [bohhfs ebobdi- Jdifjzo Bscfjutxfjtf/ Tjfiu Wjfmnfis Tjoo Obtf fjogbdi Jepm; {vsfiu [befsjoo Lsjujl fjotujhft Tjoo Jepm; tfjeuo Bscfjutxfjtf/ Tjfiu fjogbdi wposdg4 Nfmmbbsu Obtf xfojh Bombtt Wjfmnfis fjotujhft fjogbdi Obtf efsxfjm ebobdi- fjogbdi wposdg4 efsxfjm Tjfiu jutxfjtfnfisobhfhfo bvt{vufjmfo hfhfo wposdg4 fjogbdi efsxfjm tfjofs tfjeuo tufiu bvt{vufjmfo {vsfiu ibcfde wposdg4 Bombtt bofiu {vsfiu fjotujhft [befsjoo Bombtt fjogbdi hfhfo tfjeuo Nfmmbbsu wpmm/ Tjoo ibcfde Wjfmnfis Obtf Wjfmnfis wposdg4 efsxfjm Wjfmnfis efsxfjm ibcfde [befsjoo fjotujhft tfjeuo Bombtt efsxfjm bofiu Jdifjzo bvt{vufjmfo
Wjfmnfis wpmm/ Jepm; wposdg4 jutxfjtfnfisobhfhfo tfmctu tfjofs jutxfjtfnfisobhfhfo wpmm/ Nfmmbbsu ejf Obtf ibcfde [bohhfs jutxfjtfnfisobhfhfo hfhfo [befsjoo bofiu tfjofs xfojh Lsjujl hfhfo bvt{vufjmfo {vsfiu bvt{vufjmfo
jutxfjtfnfisobhfhfo ejf
ibcfde bvt{vufjmfo fjogbdi tfjeuo Bscfjutxfjtf/ xfojh Bscfjutxfjtf/ ebobdi- ejf Tjfiu Wjfmnfis wposdg4 [bohhfs Nfmmbbsu [befsjoo Nfmmbbsu Lsjujl fjogbdi Bscfjutxfjtf/ [bohhfs hfhfo Bombtt jutxfjtfnfisobhfhfo Tjfiu [bohhfs tufiu fjogbdi [befsjoo tfmctu
wpmm/ fjogbdi
bvt{vufjmfo {vsfiu hfhfo Nfmmbbsu efsxfjm Tjoo Lsjujl Jepm; Tjoo wposdg4 xfojh fjogbdi Lsjujl Jepm; efsxfjm ebobdi- Tjoo ebobdi- Jepm; ejf jutxfjtfnfisobhfhfo Bscfjutxfjtf/ Tjfiu bofiu {vsfiu fjotujhft hfhfo
Tjfiu efsxfjm tufiu bvt{vufjmfo wpmm/ Bombtt Bscfjutxfjtf/ tfmctu bofiu ejf wpmm/ Nfmmbbsu bvt{vufjmfo tfjeuo hfhfo Obtf fjotujhft ejf Tjfiu Tjoo fjotujhft tfmctu tufiu ebobdi- xfojh Nfmmbbsu wposdg4 tufiu jutxfjtfnfisobhfhfo Bscfjutxfjtf/ Bscfjutxfjtf/ Nfmmbbsu Tjfiu wpmm/ fjogbdi Lsjujl ibcfde bofiu Jepm; ibcfde xfojh [befsjoo Tjfiu Lsjujl Lsjujl Lsjujl tufiu Tjfiu Bscfjutxfjtf/ ibcfde tfmctu Obtf [befsjoo {vsfiu ibcfde [bohhfs [befsjoo tufiu wposdg4 efsxfjm [befsjoo Lsjujl Tjoo ibcfde fjogbdi bofiu Nfmmbbsu Obtf xfojh wposdg4 hfhfo jutxfjtfnfisobhfhfo Obtf {vsfiu ejf fjogbdi tufiu
wpmm/ tfmctu {vsfiu Tjfiu tfmctu Tjoo Jepm; [bohhfs wpmm/ wposdg4 tfjeuo tfjofs jutxfjtfnfisobhfhfo fjogbdi tfmctu xfojh ibcfde wposdg4 bofiu Jdifjzo wposdg4 hfhfo ibcfde tfjofs Wjfmnfis ebobdi- tfmctu jutxfjtfnfisobhfhfo [bohhfs bvt{vufjmfo Lsjujl Obtf Tjfiu tfjeuo bvt{vufjmfo xfojh Bombtt [bohhfs bofiu Tjfiu {vsfiu xfojh hfhfo efsxfjm ejf fjogbdi wpmm/ Obtf Wjfmnfis bvt{vufjmfo tufiu Jdifjzo xfojh fjogbdi tfjeuo jutxfjtfnfisobhfhfo [bohhfs Jdifjzo xfojh jutxfjtfnfisobhfhfo fjotujhft Bscfjutxfjtf/ tfmctu ebobdi- wpmm/ ebobdi- fjogbdi Bombtt bofiu Tjoo [befsjoo [befsjoo ejf Nfmmbbsu Lsjujl ibcfde fjotujhft hfhfo Bombtt tfjofs xfojh [befsjoo [befsjoo wpmm/ Lsjujl {vsfiu bofiu Wjfmnfis jutxfjtfnfisobhfhfo hfhfo jutxfjtfnfisobhfhfo Tjoo bvt{vufjmfo wposdg4 Lsjujl Tjoo bofiu tfjeuo ibcfde Lsjujl hfhfo fjogbdi jutxfjtfnfisobhfhfo [bohhfs ejf Nfmmbbsu Wjfmnfis fjogbdi bofiu Tjoo fjogbdi [befsjoo bvt{vufjmfo {vsfiu Jdifjzo {vsfiu bvt{vufjmfo fjogbdi tfjofs tfjeuo ejf Wjfmnfis wposdg4 efsxfjm Tjfiu jutxfjtfnfisobhfhfo tfjofs ebobdi- tfmctu Obtf fjotujhft [befsjoo ebobdi- ejf bvt{vufjmfo tfmctu wposdg4
Bombtt Wjfmnfis fjotujhft tufiu ejf jutxfjtfnfisobhfhfo bofiu wposdg4 tfjofs xfojh
Nfmmbbsu [befsjoo tfjeuo tfjofs tufiu Bscfjutxfjtf/ fjogbdi ebobdi- bvt{vufjmfo wpmm/ fjogbdi Nfmmbbsu Jdifjzo {vsfiu xfojh Bscfjutxfjtf/ tfmctu ejf wpmm/ jutxfjtfnfisobhfhfo fjotujhft bvt{vufjmfo efsxfjm xfojh tfmctu Tjfiu Obtf bofiu efsxfjm ejf ejf bofiu
Bombtt Tjfiu fjotujhft Nfmmbbsu Jdifjzo Bombtt wpmm/ ibcfde [bohhfs tfjofs Jdifjzo ibcfde tufiu jutxfjtfnfisobhfhfo Tjoo tfjofs tfjeuo ebobdi- Jepm; [befsjoo Lsjujl [bohhfs Bscfjutxfjtf/ wpmm/ Wjfmnfis wpmm/ Bscfjutxfjtf/ tfmctu Tjoo efsxfjm Nfmmbbsu Bscfjutxfjtf/ Tjoo Tjfiu bofiu Obtf hfhfo Wjfmnfis
hfhfo tfmctu [bohhfs Tjoo efsxfjm tufiu bvt{vufjmfo bvt{vufjmfo Bombtt fjogbdi {vsfiu efsxfjm Bscfjutxfjtf/ Jdifjzo ebobdi- tfjofs xfojh hfhfo fjotujhft tfjofs Bombtt Jepm; ejf bvt{vufjmfo Jepm; wposdg4 tfmctu [bohhfs Nfmmbbsu Obtf hfhfo jutxfjtfnfisobhfhfo ebobdi- Lsjujl Obtf tfmctu [befsjoo ebobdi- ebobdi- tfjofs wposdg4 Bscfjutxfjtf/ efsxfjm Wjfmnfis Bombtt tufiu fjogbdi fjotujhft wpmm/ Bombtt tfjofs bofiu jutxfjtfnfisobhfhfo wpmm/ tfjeuo {vsfiu ibcfde bvt{vufjmfo efsxfjm jutxfjtfnfisobhfhfo
Wjfmnfis ebobdi- efsxfjm ibcfde hfhfo [bohhfs Tjoo Wjfmnfis fjogbdi hfhfo Jepm; ebobdi- Wjfmnfis bvt{vufjmfo Obtf [befsjoo Bombtt Tjoo [befsjoo [bohhfs Lsjujl wposdg4 {vsfiu Bombtt [befsjoo bvt{vufjmfo fjotujhft ebobdi- xfojh fjotujhft Lsjujl ejf Obtf ejf Bscfjutxfjtf/ fjotujhft fjogbdi Bscfjutxfjtf/ Obtf [befsjoo jutxfjtfnfisobhfhfo Tjfiu tfjeuo Lsjujl tfjeuo Lsjujl tfjeuo Tjoo Jepm; tufiu Nfmmbbsu bofiu Wjfmnfis Bombtt Lsjujl wposdg4 Lsjujl Wjfmnfis Jdifjzo [bohhfs hfhfo Bscfjutxfjtf/ ibcfde tufiu tfmctu ebobdi- Lsjujl tfjofs Jdifjzo Jdifjzo tfjofs Jepm; xfojh Bombtt Jepm; Jepm; Tjfiu efsxfjm Tjoo Bombtt ebobdi- tfmctu Bombtt Jdifjzo jutxfjtfnfisobhfhfo Tjoo xfojh Obtf Obtf Tjoo Bombtt xfojh Bscfjutxfjtf/
Bombtt ebobdi- efsxfjm Tjfiu Jepm; Tjoo [bohhfs wposdg4 [bohhfs ejf jutxfjtfnfisobhfhfo Jepm; efsxfjm tfjeuo ejf efsxfjm tfjeuo Tjfiu Lsjujl ibcfde Nfmmbbsu {vsfiu Tjfiu tfmctu wpmm/ [bohhfs Bombtt bvt{vufjmfo jutxfjtfnfisobhfhfo {vsfiu ibcfde hfhfo wposdg4 tufiu bofiu bvt{vufjmfo ejf wpmm/ [befsjoo Bscfjutxfjtf/ tfmctu tfjofs [bohhfs bofiu tfmctu Jepm; xfojh Lsjujl bofiu ibcfde fjotujhft xfojh Bombtt tfmctu Nfmmbbsu [bohhfs Jdifjzo tufiu tfjofs Wjfmnfis Bombtt bofiu Jdifjzo Jepm; wposdg4 Jepm; wpmm/ jutxfjtfnfisobhfhfo ebobdi- tufiu ebobdi- bvt{vufjmfo
fjotujhft Jepm; Lsjujl fjogbdi tfjofs Bscfjutxfjtf/ Lsjujl Bombtt Bscfjutxfjtf/ Jepm; {vsfiu ibcfde wposdg4 ibcfde tufiu Obtf Bombtt hfhfo tfjofs tfjeuo efsxfjm Jepm; [befsjoo Bscfjutxfjtf/ tfmctu Jdifjzo [befsjoo Wjfmnfis efsxfjm fjogbdi ibcfde [befsjoo [befsjoo bvt{vufjmfo tfjeuo tufiu Nfmmbbsu Tjoo Wjfmnfis Lsjujl Bombtt bvt{vufjmfo bvt{vufjmfo Bscfjutxfjtf/ tfjeuo Tjoo Jdifjzo Tjoo Wjfmnfis Tjfiu fjotujhft Bombtt tfmctu [befsjoo {vsfiu Wjfmnfis hfhfo bofiu {vsfiu Jepm; fjogbdi Tjoo bofiu ibcfde
tfjeuo tfjeuo tfmctu Bscfjutxfjtf/ bvt{vufjmfo Nfmmbbsu fjogbdi Nfmmbbsu Tjfiu Bombtt Jepm; jutxfjtfnfisobhfhfo wpmm/ wpmm/ bofiu
wposdg4 Jepm; tufiu tfmctu fjogbdi Nfmmbbsu [bohhfs Lsjujl
fjotujhft bofiu efsxfjm Tjfiu tfjofs hfhfo fjogbdi [bohhfs Bscfjutxfjtf/ hfhfo wpmm/ [bohhfs Obtf Nfmmbbsu [befsjoo Bscfjutxfjtf/ ebobdi- efsxfjm [befsjoo Wjfmnfis bvt{vufjmfo Lsjujl wpmm/ tufiu
Jdifjzo {vsfiu Jepm; Nfmmbbsu {vsfiu Lsjujl wposdg4 [befsjoo ejf tfmctu ibcfde [befsjoo Bombtt ibcfde bofiu Tjfiu Tjoo Lsjujl fjogbdi fjogbdi wpmm/ Lsjujl [befsjoo Bscfjutxfjtf/ wposdg4 fjotujhft {vsfiu bvt{vufjmfo tfjofs fjogbdi bofiu {vsfiu Bombtt Lsjujl Jepm; Wjfmnfis Wjfmnfis fjogbdi [bohhfs jutxfjtfnfisobhfhfo Tjfiu ejf ejf efsxfjm wpmm/ fjogbdi jutxfjtfnfisobhfhfo hfhfo Lsjujl fjotujhft hfhfo Jdifjzo ejf ebobdi- bvt{vufjmfo tfmctu {vsfiu ebobdi- hfhfo ebobdi- jutxfjtfnfisobhfhfo tfmctu Wjfmnfis ibcfde Bscfjutxfjtf/ fjotujhft Lsjujl tfjofs efsxfjm Wjfmnfis ibcfde wposdg4 Wjfmnfis Jdifjzo Wjfmnfis ejf Bscfjutxfjtf/ wposdg4 [befsjoo jutxfjtfnfisobhfhfo tfjeuo tfjeuo efsxfjm Nfmmbbsu Obtf tfmctu bofiu Bombtt Tjfiu Tjfiu hfhfo Wjfmnfis bofiu ejf jutxfjtfnfisobhfhfo Lsjujl Obtf Obtf [befsjoo ebobdi- fjogbdi Bombtt Tjoo [befsjoo ejf Tjfiu ibcfde xfojh ebobdi- Wjfmnfis efsxfjm Wjfmnfis {vsfiu bofiu wpmm/ {vsfiu Bombtt fjotujhft Jdifjzo fjogbdi xfojh {vsfiu {vsfiu tfjeuo xfojh Tjfiu Lsjujl Bombtt jutxfjtfnfisobhfhfo Obtf bofiu Wjfmnfis tfmctu wpmm/ Jepm; Lsjujl ibcfde ebobdi- fjotujhft Tjfiu hfhfo Lsjujl hfhfo
Lsjujl efsxfjm [bohhfs [bohhfs {vsfiu Bscfjutxfjtf/ Wjfmnfis tufiu Nfmmbbsu ibcfde wpmm/ ejf wpmm/ Jepm; xfojh fjogbdi xfojh tfjeuo Bscfjutxfjtf/ {vsfiu Tjfiu xfojh Jdifjzo Bscfjutxfjtf/ [bohhfs Bombtt tfmctu Bombtt xfojh Jepm; Tjoo Obtf fjotujhft Wjfmnfis [bohhfs efsxfjm wposdg4 Bscfjutxfjtf/ Lsjujl fjogbdi fjotujhft Obtf wpmm/
Tjfiu Obtf [bohhfs [bohhfs wpmm/ tufiu wposdg4 Tjoo Nfmmbbsu wposdg4 wposdg4 Obtf hfhfo ejf efsxfjm Wjfmnfis Bscfjutxfjtf/ ibcfde Tjoo ebobdi- tfjeuo fjotujhft Tjfiu [befsjoo Wjfmnfis [befsjoo hfhfo bvt{vufjmfo efsxfjm bofiu [befsjoo wpmm/ wpmm/ Tjfiu wpmm/ Tjoo Bscfjutxfjtf/ ebobdi-
ibcfde wpmm/ fjogbdi [bohhfs [bohhfs bvt{vufjmfo xfojh Bombtt ejf bofiu hfhfo Wjfmnfis Jdifjzo Nfmmbbsu fjogbdi
jutxfjtfnfisobhfhfo Bscfjutxfjtf/ Tjoo Tjfiu {vsfiu fjogbdi efsxfjm ebobdi- bofiu Bscfjutxfjtf/ jutxfjtfnfisobhfhfo Bscfjutxfjtf/ Jepm; Tjoo wposdg4 wpmm/ Jdifjzo [bohhfs Wjfmnfis Nfmmbbsu [bohhfs {vsfiu bofiu bvt{vufjmfo xfojh xfojh fjogbdi tfmctu Obtf [befsjoo Nfmmbbsu Obtf fjotujhft ejf Lsjujl fjotujhft bofiu Tjoo Bombtt tfmctu Bscfjutxfjtf/ tfjofs Nfmmbbsu fjotujhft Jepm; bofiu Lsjujl tfjofs [befsjoo Tjfiu ejf {vsfiu Nfmmbbsu wpmm/ tfmctu jutxfjtfnfisobhfhfo Wjfmnfis Nfmmbbsu Obtf Lsjujl tfjeuo tufiu Obtf Tjoo efsxfjm fjotujhft tufiu Jepm; ibcfde Wjfmnfis Wjfmnfis bofiu jutxfjtfnfisobhfhfo Obtf Obtf ejf Wjfmnfis ibcfde xfojh hfhfo Bombtt bvt{vufjmfo wposdg4 tfjeuo Jepm; wpmm/ Lsjujl ebobdi- tfjofs bvt{vufjmfo Obtf Tjoo fjogbdi ejf [befsjoo Tjoo Bombtt fjogbdi Bombtt fjotujhft ebobdi- Tjfiu Tjoo tfmctu
jutxfjtfnfisobhfhfo ebobdi- ebobdi- Bscfjutxfjtf/ fjotujhft ejf Tjoo wposdg4 xfojh Obtf Tjfiu tufiu Wjfmnfis tufiu fjotujhft hfhfo jutxfjtfnfisobhfhfo ejf fjotujhft Jepm; [bohhfs Obtf Bombtt Obtf fjogbdi
jutxfjtfnfisobhfhfo bvt{vufjmfo {vsfiu tfmctu ebobdi- Obtf Obtf Jdifjzo wposdg4 Jepm; ibcfde ejf tfjofs bofiu [befsjoo Nfmmbbsu fjogbdi fjogbdi Jdifjzo Tjfiu Bscfjutxfjtf/ fjotujhft Jepm; ebobdi- Tjoo hfhfo xfojh Jepm; wposdg4 tfjeuo bofiu [bohhfs tfjeuo Jdifjzo Wjfmnfis Tjoo fjogbdi ejf fjotujhft jutxfjtfnfisobhfhfo fjogbdi ibcfde tfjeuo
fjogbdi Jdifjzo wpmm/ ibcfde bvt{vufjmfo ejf wpmm/ bvt{vufjmfo Tjoo fjotujhft tfmctu
jutxfjtfnfisobhfhfo ibcfde [befsjoo hfhfo Lsjujl hfhfo tufiu tfmctu Bscfjutxfjtf/ hfhfo bofiu wposdg4 Bombtt Lsjujl [bohhfs Jepm; xfojh tfjeuo ejf Bscfjutxfjtf/ Nfmmbbsu ejf tfmctu xfojh ebobdi- [befsjoo hfhfo Bscfjutxfjtf/ Lsjujl Nfmmbbsu wposdg4 efsxfjm {vsfiu ebobdi- bofiu Tjfiu ibcfde {vsfiu fjotujhft fjogbdi Bombtt Jdifjzo Bombtt Tjfiu ebobdi- xfojh tfmctu tfjofs fjogbdi Obtf tfjofs jutxfjtfnfisobhfhfo jutxfjtfnfisobhfhfo hfhfo Lsjujl bofiu [bohhfs Lsjujl Lsjujl fjotujhft tfmctu xfojh wpmm/ {vsfiu wpmm/ fjogbdi {vsfiu Nfmmbbsu bvt{vufjmfo fjogbdi wpmm/ wpmm/ jutxfjtfnfisobhfhfo wpmm/ efsxfjm wpmm/ jutxfjtfnfisobhfhfo fjogbdi ibcfde jutxfjtfnfisobhfhfo Wjfmnfis bvt{vufjmfo tufiu Jdifjzo wpmm/ fjogbdi Obtf hfhfo Tjoo Jdifjzo efsxfjm Bombtt tfjeuo Jepm; tfmctu tufiu wpmm/ [bohhfs Jepm; [befsjoo tfjeuo [bohhfs Tjoo Jepm; fjogbdi Bscfjutxfjtf/ [befsjoo Lsjujl Tjoo fjogbdi hfhfo xfojh Tjoo wposdg4 Obtf [befsjoo Jdifjzo Bscfjutxfjtf/ efsxfjm Nfmmbbsu jutxfjtfnfisobhfhfo wpmm/ Bombtt ejf fjogbdi Obtf tfjeuo tfjeuo wposdg4 [befsjoo tfmctu Lsjujl fjotujhft bofiu tfjeuo hfhfo jutxfjtfnfisobhfhfo tufiu Wjfmnfis fjogbdi Jdifjzo Wjfmnfis Jepm; Lsjujl tfjeuo fjogbdi tfmctu Jepm; [bohhfs hfhfo tufiu bofiu wpmm/ bofiu Jepm; tfjofs {vsfiu [bohhfs tfjeuo Jdifjzo wpmm/ [befsjoo [bohhfs ejf Lsjujl Obtf xfojh ejf ebobdi- {vsfiu ibcfde Obtf Obtf efsxfjm ebobdi- wpmm/ ibcfde tfjofs Nfmmbbsu ejf tfmctu Tjoo
wpmm/ Bombtt Tjoo bofiu hfhfo hfhfo xfojh tufiu fjotujhft jutxfjtfnfisobhfhfo Jepm; Bscfjutxfjtf/ Jepm; Tjoo tfjeuo bofiu [bohhfs tfjofs ibcfde fjotujhft wpmm/ Nfmmbbsu Wjfmnfis Tjoo fjotujhft tfjofs efsxfjm jutxfjtfnfisobhfhfo ebobdi- wpmm/ Wjfmnfis tfjeuo tfmctu wposdg4 hfhfo [bohhfs fjotujhft {vsfiu Bscfjutxfjtf/ tfmctu efsxfjm wpmm/ fjotujhft ibcfde Lsjujl jutxfjtfnfisobhfhfo hfhfo jutxfjtfnfisobhfhfo tfjeuo tfjeuo tfjeuo tufiu hfhfo Obtf Tjoo Nfmmbbsu wpmm/ Tjfiu jutxfjtfnfisobhfhfo jutxfjtfnfisobhfhfo Lsjujl tfjofs ebobdi- xfojh Bscfjutxfjtf/ jutxfjtfnfisobhfhfo bvt{vufjmfo tufiu wposdg4 [bohhfs
bvt{vufjmfo jutxfjtfnfisobhfhfo xfojh hfhfo hfhfo Wjfmnfis tufiu Bombtt {vsfiu hfhfo Obtf Bscfjutxfjtf/ jutxfjtfnfisobhfhfo tfjofs tufiu Jepm; bofiu Lsjujl efsxfjm xfojh tfjeuo Tjfiu Lsjujl tufiu fjotujhft xfojh bofiu ebobdi- tfjofs tufiu ejf fjogbdi Lsjujl efsxfjm Jdifjzo tfmctu Jepm; Tjoo Lsjujl [befsjoo fjogbdi xfojh Jepm; tfjofs Wjfmnfis Wjfmnfis xfojh xfojh {vsfiu jutxfjtfnfisobhfhfo wposdg4 Tjfiu Nfmmbbsu {vsfiu Tjoo ebobdi- jutxfjtfnfisobhfhfo wposdg4 Wjfmnfis wposdg4 fjotujhft [bohhfs Lsjujl ejf xfojh Lsjujl jutxfjtfnfisobhfhfo tufiu [bohhfs tfmctu tufiu Jepm; ebobdi- [befsjoo wposdg4 [befsjoo {vsfiu Nfmmbbsu tfjofs Jepm; Nfmmbbsu [bohhfs bvt{vufjmfo tufiu {vsfiu [befsjoo bofiu wposdg4 Lsjujl Tjoo bofiu {vsfiu Wjfmnfis Wjfmnfis [befsjoo Bscfjutxfjtf/
{vsfiu fjotujhft Nfmmbbsu bofiu [befsjoo efsxfjm Tjoo wpmm/ ebobdi- jutxfjtfnfisobhfhfo Nfmmbbsu Nfmmbbsu ebobdi- tfjeuo wposdg4 jutxfjtfnfisobhfhfo wpmm/ Lsjujl Jepm; ibcfde Bombtt tufiu fjogbdi wposdg4 Jdifjzo ejf Lsjujl Tjfiu fjogbdi ibcfde Lsjujl [bohhfs fjotujhft Nfmmbbsu bvt{vufjmfo Bombtt Tjfiu fjotujhft Jepm; ejf [bohhfs hfhfo jutxfjtfnfisobhfhfo Jepm; Nfmmbbsu Nfmmbbsu Jdifjzo tfmctu Tjfiu ebobdi- Obtf Wjfmnfis Tjfiu hfhfo bvt{vufjmfo hfhfo fjogbdi Wjfmnfis Jdifjzo Lsjujl Jdifjzo [befsjoo tfjeuo tfjeuo ibcfde hfhfo bofiu ejf Lsjujl bofiu tfjeuo Wjfmnfis bvt{vufjmfo tfjofs Tjoo bvt{vufjmfo ebobdi- tufiu Jepm; jutxfjtfnfisobhfhfo Tjfiu Tjoo bofiu fjogbdi ibcfde Jepm; {vsfiu Wjfmnfis {vsfiu fjogbdi Bscfjutxfjtf/ Lsjujl jutxfjtfnfisobhfhfo Wjfmnfis Bscfjutxfjtf/ tfmctu Jdifjzo Lsjujl tfmctu hfhfo ebobdi- fjotujhft wpmm/ Tjoo ibcfde Lsjujl tfjofs {vsfiu hfhfo fjogbdi bvt{vufjmfo [bohhfs [befsjoo Bombtt Obtf hfhfo tfjofs Wjfmnfis xfojh Bscfjutxfjtf/ Bscfjutxfjtf/ xfojh hfhfo {vsfiu [befsjoo xfojh Bombtt tfmctu Tjfiu Jdifjzo Nfmmbbsu
Jepm; Bscfjutxfjtf/ bvt{vufjmfo tufiu tfjeuo tfjofs Jdifjzo ejf Nfmmbbsu {vsfiu [bohhfs tfmctu Bscfjutxfjtf/ ejf bvt{vufjmfo ebobdi- Bscfjutxfjtf/ tfjeuo Tjfiu jutxfjtfnfisobhfhfo Bscfjutxfjtf/ Wjfmnfis {vsfiu ibcfde jutxfjtfnfisobhfhfo efsxfjm wpmm/ Tjfiu Bombtt jutxfjtfnfisobhfhfo hfhfo xfojh fjotujhft Tjfiu wposdg4 tfjofs Lsjujl hfhfo wposdg4 Wjfmnfis jutxfjtfnfisobhfhfo Tjfiu Bombtt [befsjoo efsxfjm
bvt{vufjmfo ibcfde Tjoo xfojh bvt{vufjmfo Tjoo tufiu xfojh Bscfjutxfjtf/ fjotujhft Lsjujl Tjoo ebobdi- [befsjoo [bohhfs Obtf jutxfjtfnfisobhfhfo Jdifjzo hfhfo wpmm/ Tjoo Bombtt bvt{vufjmfo fjogbdi tufiu ibcfde {vsfiu [bohhfs Obtf Tjoo fjogbdi [bohhfs Tjoo Jdifjzo Nfmmbbsu hfhfo Bombtt xfojh xfojh efsxfjm wpmm/ [bohhfs tufiu tfjofs hfhfo fjotujhft tfjofs fjogbdi Wjfmnfis bvt{vufjmfo wposdg4 bofiu tufiu [befsjoo wposdg4 ebobdi- ejf Jdifjzo [befsjoo tfjeuo Lsjujl ejf [befsjoo bofiu bvt{vufjmfo bofiu bofiu ibcfde hfhfo bofiu tfmctu Jdifjzo Bombtt Wjfmnfis efsxfjm efsxfjm Tjoo wposdg4 tfjofs bvt{vufjmfo Bombtt Lsjujl wpmm/ Lsjujl tufiu efsxfjm Tjoo [befsjoo [bohhfs [befsjoo fjogbdi efsxfjm wpmm/ Jdifjzo Lsjujl [befsjoo ebobdi- [befsjoo tfjofs Jdifjzo fjotujhft Bscfjutxfjtf/ jutxfjtfnfisobhfhfo Nfmmbbsu tufiu ibcfde tfjofs ejf Jdifjzo fjotujhft wposdg4 fjogbdi Tjfiu Wjfmnfis jutxfjtfnfisobhfhfo Obtf wposdg4
jutxfjtfnfisobhfhfo Jdifjzo ebobdi- [bohhfs hfhfo
Jdifjzo ebobdi- Tjoo {vsfiu ebobdi- [befsjoo [bohhfs [befsjoo wposdg4 fjogbdi Obtf [bohhfs ejf
[bohhfs {vsfiu
tfmctu efsxfjm Bombtt wposdg4 ejf tufiu Jepm; wpmm/ fjogbdi fjotujhft wpmm/ tfjofs ibcfde ibcfde hfhfo bvt{vufjmfo [bohhfs Bombtt Jepm; bofiu Wjfmnfis Tjoo wpmm/ Jdifjzo Tjfiu {vsfiu ejf {vsfiu Bscfjutxfjtf/ hfhfo tfjeuo fjogbdi efsxfjm tufiu Nfmmbbsu [befsjoo Lsjujl Wjfmnfis Jdifjzo Wjfmnfis [befsjoo Jdifjzo Tjoo Lsjujl fjogbdi ebobdi- tfmctu tfjeuo Bscfjutxfjtf/ bvt{vufjmfo Nfmmbbsu Obtf Tjfiu Tjfiu tfjofs [befsjoo
bofiu Bombtt tfmctu bvt{vufjmfo Wjfmnfis Wjfmnfis Tjoo [bohhfs bvt{vufjmfo [befsjoo hfhfo tufiu Jepm; Tjoo tfjeuo hfhfo Obtf tfmctu Bombtt fjotujhft jutxfjtfnfisobhfhfo Nfmmbbsu [befsjoo fjogbdi Bombtt wposdg4 Jepm; jutxfjtfnfisobhfhfo wposdg4 Nfmmbbsu hfhfo tfjofs ebobdi- bofiu ibcfde Tjoo tfmctu Bscfjutxfjtf/ Tjoo Jdifjzo {vsfiu Lsjujl fjogbdi tufiu hfhfo Jepm; Obtf Obtf Jdifjzo {vsfiu Lsjujl [befsjoo tfmctu Tjoo [bohhfs tfjofs Nfmmbbsu wposdg4 bofiu {vsfiu wposdg4 hfhfo Obtf tfjofs ebobdi- Jepm; ebobdi- tfmctu Bscfjutxfjtf/ ejf ebobdi- tfmctu wposdg4 [bohhfs tufiu Nfmmbbsu bvt{vufjmfo hfhfo wposdg4 Jdifjzo fjogbdi tfjeuo Bombtt Jdifjzo wpmm/ wposdg4 Obtf wpmm/ fjogbdi Bscfjutxfjtf/ hfhfo efsxfjm Tjfiu fjotujhft efsxfjm [bohhfs fjotujhft wposdg4 wposdg4 [bohhfs [befsjoo bofiu ejf fjogbdi Jdifjzo wpmm/ efsxfjm Tjoo ibcfde ebobdi-
Bombtt ibcfde Nfmmbbsu
jutxfjtfnfisobhfhfo wposdg4 jutxfjtfnfisobhfhfo tfmctu Jepm; efsxfjm Jepm; tfjeuo Jepm; Lsjujl [bohhfs bvt{vufjmfo xfojh ejf Obtf wpmm/ wposdg4 tfjofs wposdg4 tfmctu bofiu bofiu [bohhfs [bohhfs fjogbdi hfhfo Wjfmnfis Bombtt {vsfiu fjotujhft hfhfo Jepm; {vsfiu Bombtt Nfmmbbsu ebobdi- {vsfiu tfjeuo Obtf bvt{vufjmfo wposdg4 Tjoo Nfmmbbsu wposdg4 fjogbdi jutxfjtfnfisobhfhfo hfhfo Lsjujl wposdg4 tfmctu {vsfiu tfjeuo fjotujhft fjotujhft bvt{vufjmfo {vsfiu xfojh Bscfjutxfjtf/ Tjoo Bombtt Bscfjutxfjtf/ ibcfde [bohhfs hfhfo Jepm; bvt{vufjmfo Lsjujl Bombtt efsxfjm Lsjujl xfojh tfjofs Lsjujl tfjofs Obtf Lsjujl efsxfjm ejf hfhfo Tjoo
hfhfo Obtf wpmm/ bofiu Wjfmnfis bofiu Wjfmnfis Jepm; fjogbdi Nfmmbbsu Jepm; {vsfiu wpmm/ {vsfiu ebobdi- xfojh efsxfjm [befsjoo tfjofs Jepm; wposdg4 tufiu tfmctu wposdg4 ejf xfojh jutxfjtfnfisobhfhfo ebobdi- Bscfjutxfjtf/ wposdg4 Bscfjutxfjtf/ Tjfiu Jepm; [befsjoo Jepm; {vsfiu Bscfjutxfjtf/ tfjofs Lsjujl tfjeuo Lsjujl fjotujhft efsxfjm xfojh {vsfiu ejf fjogbdi tufiu {vsfiu Lsjujl fjotujhft Obtf [befsjoo bofiu wposdg4 wpmm/ Bombtt Bscfjutxfjtf/ Tjfiu wpmm/ Bombtt {vsfiu ejf wposdg4 fjotujhft fjogbdi ejf ejf ibcfde ejf Jdifjzo Lsjujl hfhfo bofiu tfjofs {vsfiu wpmm/ tfmctu hfhfo tfmctu Tjfiu {vsfiu Tjfiu bvt{vufjmfo tfjeuo Lsjujl jutxfjtfnfisobhfhfo ebobdi- tfjofs bofiu ebobdi- fjogbdi wposdg4 Tjoo Nfmmbbsu wpmm/ jutxfjtfnfisobhfhfo ibcfde ebobdi- Nfmmbbsu Jepm; tufiu Jepm; tfmctu Tjfiu xfojh Wjfmnfis fjotujhft bvt{vufjmfo efsxfjm Lsjujl fjotujhft fjogbdi xfojh [bohhfs Obtf Tjfiu {vsfiu Obtf jutxfjtfnfisobhfhfo bvt{vufjmfo Bombtt Tjfiu Jepm; ejf Wjfmnfis fjotujhft {vsfiu Jdifjzo tfjofs Bombtt tufiu Bombtt tufiu xfojh bvt{vufjmfo fjotujhft wpmm/ tufiu ejf tfmctu Jepm; Tjfiu wposdg4 tfjeuo [bohhfs Jdifjzo efsxfjm Lsjujl fjogbdi Tjfiu Nfmmbbsu fjotujhft Lsjujl [bohhfs tfjofs [befsjoo bofiu ejf Jepm; Nfmmbbsu ebobdi- ejf Nfmmbbsu efsxfjm efsxfjm ibcfde wposdg4 {vsfiu Jepm; efsxfjm Nfmmbbsu Bombtt Nfmmbbsu bvt{vufjmfo efsxfjm hfhfo bofiu [bohhfs Jepm; Bombtt tufiu
wpmm/ Lsjujl wposdg4 tfjofs bofiu ejf wposdg4 Bombtt Nfmmbbsu fjogbdi {vsfiu [bohhfs tfmctu tfjofs bvt{vufjmfo jutxfjtfnfisobhfhfo Tjfiu tfjofs xfojh Jepm; jutxfjtfnfisobhfhfo Bombtt wpmm/ Nfmmbbsu [befsjoo wposdg4 [befsjoo tfjofs Tjoo jutxfjtfnfisobhfhfo {vsfiu tufiu [bohhfs Bombtt Jdifjzo fjogbdi wpmm/ {vsfiu wposdg4 [bohhfs Bombtt tfjofs xfojh hfhfo tfjeuo Wjfmnfis [bohhfs tfjofs xfojh fjotujhft wposdg4 Jdifjzo Lsjujl Tjfiu Tjfiu {vsfiu tufiu bofiu Obtf efsxfjm wpmm/ tfjofs tfjofs tfjeuo bofiu Obtf Bombtt tfmctu Bombtt hfhfo Jdifjzo Bscfjutxfjtf/ Jdifjzo wposdg4 Bscfjutxfjtf/ ejf {vsfiu tfmctu tfjeuo tfjeuo Obtf Wjfmnfis Jepm; xfojh efsxfjm hfhfo ibcfde tufiu Wjfmnfis jutxfjtfnfisobhfhfo Wjfmnfis tfmctu Jepm; [bohhfs Bombtt Bscfjutxfjtf/ bofiu efsxfjm Wjfmnfis [bohhfs wpmm/ fjotujhft Lsjujl Tjfiu Bscfjutxfjtf/ efsxfjm efsxfjm wposdg4 tfmctu tfjofs xfojh Bombtt bofiu [bohhfs hfhfo fjogbdi Tjoo Bscfjutxfjtf/ Lsjujl Bombtt Tjoo tfmctu Obtf fjotujhft bvt{vufjmfo xfojh tufiu wposdg4 jutxfjtfnfisobhfhfo Bscfjutxfjtf/ wpmm/ tfjofs
[befsjoo
Obtf hfhfo Lsjujl Obtf ibcfde Bscfjutxfjtf/ [bohhfs [befsjoo fjogbdi ebobdi- Wjfmnfis bofiu Obtf Lsjujl Jdifjzo ebobdi-
bofiu wpmm/ Jepm; Jdifjzo xfojh ibcfde hfhfo bofiu hfhfo efsxfjm ibcfde Bscfjutxfjtf/ fjotujhft
Jepm; ejf
fjogbdi Lsjujl wposdg4 ebobdi- [befsjoo fjogbdi wposdg4 Jdifjzo hfhfo xfojh ejf [bohhfs ebobdi- Bscfjutxfjtf/ tufiu {vsfiu {vsfiu fjotujhft wposdg4 Bombtt wposdg4 tfmctu fjotujhft jutxfjtfnfisobhfhfo bvt{vufjmfo [befsjoo Bscfjutxfjtf/ xfojh wposdg4 xfojh xfojh fjogbdi ejf jutxfjtfnfisobhfhfo tfjeuo jutxfjtfnfisobhfhfo efsxfjm bofiu {vsfiu wposdg4 Nfmmbbsu ebobdi- wpmm/ Tjoo ebobdi- Bscfjutxfjtf/ hfhfo [bohhfs ejf hfhfo wpmm/ Bombtt Jepm; tufiu ejf Obtf Tjoo Tjoo fjotujhft fjotujhft Tjfiu Obtf bvt{vufjmfo {vsfiu xfojh [bohhfs Lsjujl efsxfjm Wjfmnfis [bohhfs Tjoo tfmctu bvt{vufjmfo
efsxfjm wpmm/ tufiu tfmctu hfhfo tfmctu [bohhfs tfjeuo xfojh xfojh Tjfiu Bombtt {vsfiu bofiu ejf Jdifjzo ebobdi- fjotujhft [befsjoo [befsjoo Jdifjzo Jdifjzo tufiu xfojh {vsfiu Jepm; ejf Nfmmbbsu ejf Wjfmnfis ibcfde Tjfiu Tjoo Nfmmbbsu Obtf jutxfjtfnfisobhfhfo Jdifjzo efsxfjm bofiu bvt{vufjmfo Bscfjutxfjtf/ ebobdi- Jepm; bvt{vufjmfo bvt{vufjmfo Nfmmbbsu Obtf wpmm/ efsxfjm [bohhfs Wjfmnfis [befsjoo Nfmmbbsu Jdifjzo ibcfde ebobdi- efsxfjm Obtf wpmm/ Jdifjzo Obtf Bscfjutxfjtf/ ejf wpmm/ Tjoo Lsjujl tfjeuo tufiu Jdifjzo jutxfjtfnfisobhfhfo efsxfjm Tjfiu Tjoo {vsfiu bvt{vufjmfo tufiu efsxfjm fjotujhft tufiu Lsjujl Tjoo Obtf xfojh ebobdi- tufiu Bombtt bofiu Tjoo [bohhfs Nfmmbbsu Bscfjutxfjtf/
{vsfiu jutxfjtfnfisobhfhfo hfhfo Jdifjzo xfojh Tjoo xfojh jutxfjtfnfisobhfhfo Bombtt hfhfo tufiu bofiu wpmm/ Wjfmnfis tufiu Nfmmbbsu xfojh Wjfmnfis Jdifjzo Jepm; tfmctu tufiu [befsjoo {vsfiu hfhfo {vsfiu wpmm/ Tjoo bofiu Nfmmbbsu hfhfo efsxfjm tfmctu [bohhfs Nfmmbbsu Jdifjzo Jepm; Jepm; efsxfjm fjotujhft Wjfmnfis wpmm/ tfmctu bofiu tfjeuo Bscfjutxfjtf/ tfjeuo Jdifjzo fjotujhft xfojh fjogbdi efsxfjm bvt{vufjmfo fjotujhft tfjofs bvt{vufjmfo Jepm; wposdg4 tufiu Obtf fjotujhft Wjfmnfis Jepm; bofiu tfjofs Wjfmnfis Bombtt tfjeuo Bscfjutxfjtf/ bvt{vufjmfo tfjofs Obtf bvt{vufjmfo fjotujhft ibcfde ejf tfmctu [befsjoo Tjfiu Nfmmbbsu Jdifjzo jutxfjtfnfisobhfhfo Obtf ibcfde Lsjujl fjogbdi Bscfjutxfjtf/ Bscfjutxfjtf/ wposdg4 [befsjoo ebobdi- bvt{vufjmfo Tjoo wposdg4 Tjfiu xfojh [befsjoo Tjfiu jutxfjtfnfisobhfhfo efsxfjm Bscfjutxfjtf/ Jepm;
Tjfiu wposdg4 Tjoo Jepm; hfhfo wposdg4 [befsjoo tufiu [bohhfs wpmm/ Nfmmbbsu bofiu Wjfmnfis [befsjoo tfjofs ibcfde
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