INFOCAMERE - SOCIETA' CONSORTILE DI INFORMATICA DELLE CAMERE DI COMMERCIO ITALIANE PER AZIONI

STATUTO INFOCAMERE - SOCIETA' CONSORTILE DI INFORMATICA DELLE CAMERE DI COMMERCIO ITALIANE PER AZIONI DATI ANAGRAFI CI Indirizzo Sede legale: ROMA RM VIA GIOVANNI BATTISTA MORGAGNI 13 Numero REA: RM - 804877 Forma giuridica: SOCIETA' CONSORTILE PER AZIONI Indice Parte 1 - Protocollo del 16-12-2016 - Statuto completo... 2

Protocollo del 16-12-2016 - Statuto completo.kk=ebp? S5S BK!=I(;()*(+,-!B<<(;(1(23, 7PBPDP? )() 6=;?H:;B>:?;= X 7=R= X 6DABPB X %EE=PP?.AP:<?K? ) Pb -%,<*<'*<#. #*,($,* &(++b#0<> TQ34H<(0 &(+ F%&*-( F*:*+(. '$# X%-*(<N F%$,%0<*+( *$ W%0)# &* X%-*(<N M(0 BA*%$* &($%)*$#<# Y&;C?/BH=A= Z 7?<:=PQ /?;J?AP:K= R: &;C?AHBP:<B R=KK= /BH=A= R: /?HH=A<:? &PBK:B;= I=A B>:?;:c % *$ W%0)# #660(:*#<# Y&;C?/BH=A= 7(/?;J?AP:K= I(.([.AP:<?K? W!# X%-*(<N F%$,%0<*+( G#,(&( *$ 7%)# (,(&*,(-%$&#0*( *$ I#&%:# (. =*+#$% ( ;#0*> F%$ &(+*6(0# &(+ F%$,*/+*% &* B))*$*,<0#A*%$( M%,,%$% (,,(0( *,<*<'*<* %,%MM0(,,* 'WW*-*.,(&*,(-%$&#0*(.,'--'0,#+*. #/($A*(. 0#MM0(,($<#$A( (Y% '$*<N +%-#+* -%)'$1'( &($%)*$#<( *$ S<#+*# % #++b(,<(0%> S+ &%)*-*+*% &(*,%-*. M(0 * 0#MM%0<* -%$ +#,%-*(<N. \ 1'(++% 0*,'+<#$<( &#+ +*60%,%-*>.AP:<?K? +!# &'0#<# &(++# X%-*(<N F%$,%0<*+( \,<#6*+*<# #+?3 &*-()60( TE4E 2<0($<'$ &*-()60( &'()*+#-*$1'#$<#5> P,,# M'a (,,(0( M0%0%/#<# M(0 &(+*6(0#A*%$( &(++bb,,()6+(#>.ap:<?k? 3!# X%-*(<N F%$,%0<*+( M(0 #A*%$* $%$ G# +%,-%M% &* +'-0% (& G# M(0 %//(<<% *+ -%)M*<% &* #MM0%$<#0(. %0/#$*AA#0( ( 2 di 39

/(,<*0( $(++b*$<(0(,,( ( M(0 -%$<% &(++( F#)(0( &* F%))(0-*% ( -%$ -0*<(0* &* (-%$%)*-*<N /(,<*%$#+(. '$,*,<()# *$W%0)#<*-% $#A*%$#+(. #$-G( #*,($,* &(++b#0<> U &(++# +(//( TK &*-()60( 3KK? $> 4UE (,'--(,,*:( )%&*W*-G(Y*$<(/0#A*%$*. ( &(++( 0(+#<*:( &*,M%,*A*%$* #<<'#<*:(. *$ /0#&% &* <0#<<#0( ( &*,<0*6'*0( *$ <()M% 0(#+(. #$-G( #,%//(<<* <(0A*. #<<*. &%-')($<* ( *$W%0)#A*%$* -G( +# +(//( &*,M%$(,*#$% %//(<<% &* M'66+*-*<N +(/#+( % &* M'66+*-*<N $%<*A*# % -G( -%)'$1'(,-#<'0*,-#$% &# 0(/*,<0*. #+6*. 0'%+*. (+($-G* ( 0(M(0<%0* <($'<* &#++( F#)(0( &* F%))(0-*%>!# X%-*(<N F%$,%0<*+(. #::#+($&%,* &(+ M0%M0*% #MM#0#<% *$W%0)#<*-%. M'a *$%+<0(. M0%::(&(0( # W#:%0( &(* M0%M0* X%-* #++%,:%+/*)($<% &* #<<*:*<N &* /(,<*%$( ( &* (+#6%0#A*%$( &#<*. &* -%$,'+($A# ( &* #,,*,<($A# *$W%0)#<*-#. $%$-G^ &* W%0$*<'0# &* M0%&%<<* ( &*,(0:*A* #$-G( *$W%0)#<*-* ( &* -%++(/#)($<% <(+()#<*-% )*0#$<* #& %<<*)*AA#0( +b(ww*-*($a# W'$A*%$#+( &(+,*,<()#>!# X%-*(<N M'a. *$%+<0(. M0(,<#0( '+<(0*%0*,(0:*A* $(-(,,#0* M(0 *+ M(0,(/'*)($<% &(++( W*$#+*<N *,<*<'A*%$#+* &(++( F#)(0( &* F%))(0-*%> I(0 *+ 0#//*'$/*)($<% &(/+*,-%M*,%-*#+* +# X%-*(<N F%$,%0<*+( M'a #+<0(,`[ H -%)M*(0( <'<<( +( %M(0#A*%$* )%6*+*#0*. *))%6*+*#0* ( -%))(0-*#+*. (,-+',% *+ W*$( &* 3 di 39

-%++%-#)($<%] H 0*-G*(&(0(. M(0 -%$<% ( $(++b*$<(0(,,( &(++( F#)(0( &* F%))(0-*%. W*$#$A*#)($<*. -%$<0*6'<* ( -%$-(,,*%$* $#A*%$#+* ( -%)'$*<#0* 0(+#<*:* # M0%/0#))* *$(0($<* +b%//(<<%,%-*#+(] H %M(0#0(. #*,($,* &(++( &*,M%,*A*%$* :*/($<*. -%)( *,<*<'<% &* M#/#)($<% )(&*#$<( -%,<*<'A*%$( &* '$ M#<0*)%$*% &(,<*$#<%. +*)*<#<#)($<( #++# M0(,<#A*%$( &(*,(0:*A* &* -'* #+ M'$<%?5 &(++b#++(/#<% #++# &*0(<<*:# -%)'$*<#0*# TEELYQVYFP] H 0(#+*AA#0( 1'#$<b#+<0% $(-(,,#0*% (& %MM%0<'$% M(0 *+ -%$,(/'*)($<% &(++b%//(<<%,%-*#+(>!( #<<*:*<N &(++# X%-*(<N,%$% (WW(<<'#<( $(++%,:%+/*)($<% &(* -%)M*<* #WW*&#<* &#*,%-*.,(-%$&% +( M0(:*,*%$* &(++% X<#<'<% ( &(+ 7(/%+#)($<% F%$,%0<*+( &(++# X%-*(<N. *$ )*,'0#,'M(0*%0( #++#,%/+*# &(++bued 2%<<#$<# M(0 -($<%5 &(+ W#<<'0#<%>!# X%-*(<N M'a *$%+<0( (WW(<<'#0( #<<*:*<N '+<(0*%0* 0*,M(<<% #* -%)M*<* #WW*&#<* &#*,%-*. $(+ 0*,M(<<% &(++( &*,M%,*A*%$* &* +(//( :*/($<*> )(W /BI:PBK= J?<:BK= = 7?<: R=KKB 7?<:=PQ.AP:<?K? - S+ -#M*<#+(,%-*#+( \ &(<(0)*$#<% *$ 3L>QLE>EEE P'0% 2&*-*#,,(<<()*+*%$*,(*-($<%,(<<#$<#)*+#5. 0#MM0(,($<#<% &# 4>LEE>EEE 2-*$1'()*+*%$*,(<<(-($<%)*+#5 M#0<(-*M#A*%$* #A*%$#0*( &#?.3E P'0% 2<0( :*0/%+# &*(-*5 -*#,-'$#>.AP:<?K?, 4 di 39

F%$ &(+*6(0#A*%$( &(++bb,,()6+(# &(/+* BA*%$*,<* *+ -#M*<#+(,%-*#+( M'a (,,(0( #')($<#<% )(&*#$<( ()*,,*%$( &* $'%:( #A*%$* -G(,%$% %WW(0<( *$ %MA*%$( #* X%-* *$ M0%M%0A*%$( &(+ $')(0% &* #A*%$* M%,,(&'<(. (--(<<'#<# +b*m%<(,* &* ()*,,*%$( &* $'%:( #A*%$* M(0 +b#))*,,*%$( &* $'%:* X%-* &* -'* #++b#0<> U (,#+:% *+ &*,M%,<% &(++b#0<> TVV3. -%))# V. F%&*-( F*:*+(>!# X%-*(<N M'a (,(0-*<#0( * &*0*<<* -%$,($<*<* &#++# +(//( $(* -%$W0%$<* &(* X%-* )%0%,*>.AP:<?K? 1!( #A*%$*,%$% $%)*$#<*:( (& *$&*:*,*6*+*> J/$* #A*%$( &N &*0*<<% #& '$ :%<%>.AP:<?K? * S$ 0#/*%$( &(++( W*$#+*<N -%$,%0<*+* &(++# X%-*(<N M%,,%$% (,,(0( X%-* &(++#,<(,,# (,-+',*:#)($<( +( F#)(0( &* F%))(0-*% ( +( +%0% Z$*%$*> C%$ \ -%$,($<*<# +# M#0<(-*M#A*%$(. #$-G( )*$%0*<#0*#. &*,%//(<<* &*:(0,* &# 1'(++*,%M0# *$&*-#<* (&. *$ M#0<*-%+#0(. &*,%//(<<* #:($<* $#<'0# M0*:#<*,<*-#> e'#+%0# $'%:*,%//(<<* &* -'* #+ M0*)% -%))# :%/+*#$% (,,(0( #))(,,* # W#0 M#0<( &(++# X%-*(<N F%$,%0<*+( M%,,%$% M0(,($<#0( &%)#$&# &* #&(,*%$( #+ F%$,*/+*% &* B))*$*,<0#A*%$( -G*(&($&% &* M%<(0 #-1'*,<#0( '$# M#0<(-*M#A*%$( #A*%$#0*#> S+ F%$,*/+*% &* B))*$*,<0#A*%$(. (,#)*$#<# +# &%)#$&# #$-G( 5 di 39

*$ 0(+#A*%$( #++#,*<'#A*%$( -%)M+(,,*:# &(++# X%-*(<N F%$,%0<*+(.,<#6*+*,-( +# M#0<(-*M#A*%$( #A*%$#0*# -G( *+ $'%:% X%-*% M%<0N,%<<%,-0*:(0( -%)'$*-#$&%+% #/+* #<<'#+* X%-* ( 1'*$&* -%$:%-# '$# #,,()6+(# M(0 +b#')($<% &(+ -#M*<#+(,%-*#+( M#0* #++b*)m%0<% &(++# M#0<(-*M#A*%$( #A*%$#0*# &# %WW0*0( *$,%<<%,-0*A*%$( #+ $'%:% X%-*%> S <0#,W(0*)($<* ( -(,,*%$* &(++( M#0<(-*M#A*%$* #A*%$#0*(,%$% -%$,($<*<*,%+% <0# +( F#)(0( &* F%))(0-*% (Y% <0# +( +%0% Z$*%$* %::(0% <0# +( Z$*%$* ( +( F#)(0( &* F%))(0-*%> )(+.JJ=HUK=B R=: 7?<:.AP:<?K? 2!b#,,()6+(# +(/#+)($<( -%$:%-#<# ( -%,<*<'*<#. 0#MM0(,($<# +b'$*:(0,#+*<n &(* X%-* -%$,%0A*#<*> B++b#,,()6+(# %0&*$#0*# \ &()#$&#<# +# &(<(0)*$#A*%$( &(/+* *$&*0*AA*,<0#<(/*-* &(++#,%-*(<N ( +b#mm0%:#a*%$( &(+ M*#$% #$$'#+( &* #<<*:*<N ( &(+ 6'&/(< M(0 +b#$$%,'--(,,*:%> I#0*)($<( \ &()#$&#<# #++b#,,()6+(# %0&*$#0*# +b#mm0%:#a*%$( &(* -%$<0*6'<* %66+*/#<%0* &# M#0<( &(*,%-*. +b#-1'*,<%. :($&*<# ( M(0)'<# &* *))%6*+* ( +b#,,'$a*%$( ( :($&*<# &* M#0<(-*M#A*%$* *$,%-*(<N> I(0 +b*$<(0:($<% #++bb,,()6+(#,* #MM+*-#$% +( &*,M%,*A*%$* &* +(//(>!bb,,()6+(#,* #::#+( &(+ F%)*<#<% M(0 *+ F%$<0%++% B$#+%/%. -G( (,(0-*<# +( W'$A*%$* &* -'* #++b#0<>tt (,,>> Pb :*(<#<# 6 di 39

+b*,<*<'a*%$( &* '+<(0*%0* %0/#$*,<#<'<#0*. &*:(0,* &# 1'(++* M0(:*,<* &#++( $%0)( /($(0#+* *$ )#<(0*# &*,%-*(<N>.AP:<?K? )\!b#,,()6+(# &(*,%-* \ -%$:%-#<# &#+ F%$,*/+*% &* B))*$*,<0#A*%$( #$-G( W'%0* &#++#,(&( &(++#,%-*(<N -%$ +(<<(0# 0#--%)#$&#<#,M(&*<# #+ &%)*-*+*% &(*,%-* #+)($% %<<% /*%0$* M0*)# &* 1'(++% W*,,#<% M(0 +b#&'$#$a#> S+ <(+(/0#))#. *+ <(+(W#f. +# M%,<# (+(<<0%$*-# -(0<*W*-#<#. % #+<0* )(AA* -G( /#0#$<*,-#$% +# M0%:# &(++b#::($'<% 0*-(:*)($<%. M%,,%$%,%,<*<'*0( +# +(<<(0# 0#--%)#$&#<#>!b#,,()6+(# &(*,%-* \ :#+*&#)($<( -%,<*<'*<# #$-G( $(+ -#,% $%$,*#$% 0*,M(<<#<( +( W%0)#+*<N,'&&(<<( M'0-G^,*# 0#MM0(,($<#<% +b*$<(0% -#M*<#+(,%-*#+( (,*# M0(,($<( +# )#//*%0#$A# &(* -%)M%$($<* &(+ F%$,*/+*% &* B))*$*,<0#A*%$( ( &(+ F%++(/*% X*$&#-#+(. W#<<%,#+:% *+ M%<(0( &* -*#,-'$ M#0<(-*M#$<( #& %MM%0,* #++# <0#<<#A*%$( &(/+* #0/%)($<*,'* 1'#+* $%$,* 0*<($/#,'WW*-*($<()($<( *$W%0)#<%] &%:0N (,,(0( &#<# <()M(,<*:# -%)'$*-#A*%$( &(++( &(+*6(0#A*%$* #,,'$<( #/+* #))*$*,<0#<%0* (,*$&#-* $%$ M0(,($<*>!b#,,()6+(# &(*,%-* &(:( (,,(0( -%$:%-#<# #+)($% &'( :%+<( +b#$$%[ '$# M(0 +b#mm0%:#a*%$( &(+ 6*+#$-*% ( +b#+<0# M(0 +# &(<(0)*$#A*%$( &(/+* *$&*0*AA*,<0#<(/*-* &(++#,%-*(<N ( +b#mm0%:#a*%$( &(+ M*#$% #$$'#+( &* #<<*:*<N ( &(+ 6'&/(< M(0 +b#$$%,'--(,,*:%>!b#,,()6+(# M(0 +b#mm0%:#a*%$( &(+ 6*+#$-*% &(:( (,,(0( 7 di 39

-%$:%-#<# ($<0% -($<%:($<* /*%0$* &#++# -G*','0# &(++b(,(0-*a*%,%-*#+(>!bb,,()6+(# M'a (,,(0( -%$:%-#<# #$-G( %+<0( -($<%:($<* /*%0$* &#++# -G*','0# &(++b(,(0-*a*%,%-*#+(. )# $%$ %+<0( * -($<%<<#$<# /*%0$*. 1'#+%0# +# M0(&*,M%,*A*%$( &(+ 6*+#$-*% #$$'#+( &# M#0<( &(/+* B))*$*,<0#<%0* $%$,* 0($&(,,( M%,,*6*+( ($<0% *+ <(0)*$( %0&*$#0*% # -#',# &(++# )#$-#$A# &(* &#<* &(W*$*<*:* &(* 6*+#$-* #MM0%:#<* &(++( *)M0(,( -%$<0%++#<( % -%++(/#<( $(-(,,#0* M(0 +# -%00(<<# :#+'<#A*%$( &(++( -%00*,M%$&($<* M#0<(-*M#A*%$* ( $(++( #+<0( *M%<(,* M0(:*,<( &#++# +(//(>!bb,,()6+(#,<0#%0&*$#0*# \ -%)'$1'( -%$:%-#<# 1'#$&%,*# 0*-G*(,<% #*,($,* &* +(//(>.AP:<?K? )) I(0 (,,(0( #))(,,* #++bb,,()6+(#. * X%-* -%$,%0A*#<* &(:%$% &(M%,*<#0( * +%0% <*<%+* #A*%$#0* $(++( -#,,( &(,*/$#<( $(++b#::*,% &* -%$:%-#A*%$( #+ M*g <#0&* -*$1'( /*%0$* +*6(0* M0*)# &* 1'(++%,<#6*+*<% M(0 +b#&'$#$a#>.ap:<?k? )W J/$* X%-*% -%$,%0A*#<% -G( #66*# &*0*<<% &* *$<(0:($<% #++bb,,()6+(# M'a W#0,* 0#MM0(,($<#0( M(0 &(+(/#,-0*<<# &# #+<0% X%-*% -%$,%0A*#<% $(+ 0*,M(<<% &(+ &*,M%,<% &(++b#0<> T?LT F%&*-( F*:*+(> F*#,-'$ BA*%$*,<# % 0#MM0(,($<#$<( *$<(0:($'<% #++bb,,()6+(# $%$ M'a (,,(0( M%0<#<%0( &* '$ $')(0% &* &(+(/G(,'M(0*%0( 8 di 39

#+ )#,,*)% &* +(//(> XM(<<# #+ I0(,*&($<( &(++bb,,()6+(# -%$,<#<#0( *+ &*0*<<% &* *$<(0:($<% #++bb,,()6+(# #$-G( M(0 &(+(/#>.AP:<?K? )+!bb,,()6+(# \ M0(,*(&'<# &#+ I0(,*&($<( &(+ F%$,*/+*% &* B))*$*,<0#A*%$(> S$ &*W(<<%. +bb,,()6+(# (+(//( *+ M0%M0*% I0(,*&($<(>!bB,,()6+(# $%)*$# '$ X(/0(<#0*% #$-G( $%$ X%-*% (.,( +% 0*<*($( $(-(,,#0*%. &'(,-0'<#<%0*,-(+<* <0# /+* BA*%$*,<* (& * X*$&#-*>!# $%)*$# &(+ X(/0(<#0*% $%$ \ $(-(,,#0*# 1'#$&% *+ :(06#+( &(++bb,,()6+(# :*($( 0(&#<<% &# '$ C%<#*%>!( &(+*6(0#A*%$* &(++bb,,()6+(#,%$% -%$,<#<#<( &# :(06#+( W*0)#<% &#+ I0(,*&($<(. &#+ X(/0(<#0*% (& (:($<'#+)($<( &#/+*,-0'<#<%0*> C(* -#,* &* +(//( (& *$%+<0( 1'#$&% *+ F%$,*/+*% &* B))*$*,<0#A*%$( +% 0*<($/# %MM%0<'$%. *+ :(06#+( :*($( 0(&#<<% &# '$ C%<#*%>.AP:<?K? )3!bB,,()6+(# %0&*$#0*# *$ M0*)# -%$:%-#A*%$( \ 0(/%+#0)($<( -%,<*<'*<# -%$ +# M0(,($A# &* <#$<* X%-* -%$,%0A*#<* -G( 0#MM0(,($<*$% #+)($% +# )(<N &(+ -#M*<#+(,%-*#+(> P,,# &(+*6(0# # )#//*%0#$A# #,,%+'<# &* :%<*> S$,(-%$&# -%$:%-#A*%$( +bb,,()6+(# %0&*$#0*# &(+*6(0#,'/+* %//(<<* -G( #:0(66(0% &%:'<% (,,(0( <0#<<#<* $(++# M0*)#. 1'#+'$1'(,*# +# M#0<( &* -#M*<#+( 0#MM0(,($<#<# &#* X%-* 9 di 39

-%$,%0A*#<* *$<(0:($'<*>!bB,,()6+(# $%)*$# /+* B))*$*,<0#<%0*,(-%$&% +( M0(:*,*%$* &* -'* #++b#0<>34> C%)*$# #+<0(,` *+ I0(,*&($<( &(+ F%$,*/+*% &* B))*$*,<0#A*%$(>!bB,,()6+(# $%)*$# *$%+<0( *+ F%)*<#<% M(0 *+ F%$<0%++% B$#+%/% &* -'* #++b#0<>tt>!bb,,()6+(#,<0#%0&*$#0*#.,*# *$ M0*)# -G( *$,(-%$&# -%$:%-#A*%$(. \ :#+*&#)($<( -%,<*<'*<# -%$ +# M0(,($A# &* <#$<* X%-* -%$,%0A*#<* -G( 0#MM0(,($<*$% #+)($% +# )(<N M*g '$% &(++( #A*%$* ( &(+*6(0# -%$ *+ :%<% W#:%0(:%+( -G( 0#MM0(,($<* M*g &(++# )(<N &(+ -#M*<#+(,%-*#+(> )(3 /?;J:EK:? R:.HH:;:JPAB>:?;=.AP:<?K? )-!# X%-*(<N F%$,%0<*+( \ #))*$*,<0#<# &# '$ F%$,*/+*% &* B))*$*,<0#A*%$( -%)M%,<% &# '$ $')(0% )*$*)% &* <0( (& '$ $')(0% )#,,*)% &* -*$1'( )()60*,(-%$&% 1'#$<%,<#6*+*<% &#++bb,,()6+(# %0&*$#0*# &(/+* BA*%$*,<* $(+ 0*,M(<<% &(++( $%0)( &* +(//( #MM+*-#6*+*] /+* #))*$*,<0#<%0* 0(,<#$% *$ -#0*-# M(0 <0( (,(0-*A* (,-#&%$% #++# &#<# &(++b#,,()6+(# -%$:%-#<# M(0 +b#mm0%:#a*%$( &(+ 6*+#$-*% 0(+#<*:% #++b'+<*)% (,(0-*A*% &(++# +%0% -#0*-#] (,,*,%$% 0*(+(//*6*+*> S )()60* &(+ F%$,*/+*%,%$%,-(+<* <0# /+* #))*$*,<0#<%0* (& * &*0*/($<* #M*-#+* *$ -#0*-# &(++( F#)(0( &* F%))(0-*% #&(0($<* #++# X%-*(<N F%$,%0<*+(.,(-%$&% )%&#+*<N <#+* &# 10 di 39

/#0#$<*0( +# 1'%<# 0*,(0:#<# &#++# $%0)#<*:# :*/($<( #+ /($(0( )($% 0#MM0(,($<#<%. ( &'0#$% -%)'$1'( *$ -#0*-#,*$% #+ <(0)*$( &(+ )#$&#<%> @(+ F%$,*/+*% &* B))*$*,<0#A*%$( W# M#0<( &* &*0*<<% *+ I0(,*&($<( *$ -#0*-# &(++bz$*%$( S<#+*#$# &(++( F#)(0( &* F%))(0-*%> C(++b*M%<(,* -G( *+ F%$,*/+*% &* B))*$*,<0#A*%$(,*# -%)M%,<% &# M*g &* -*$1'( )()60*. '$ 1'*$<% &(/+*,<(,,*,#0N $%)*$#<%,' &(,*/$#A*%$( &(++bz$*%$( S<#+*#$# &(++( F#)(0( &* F%))(0-*%>.AP:<?K? ), e'#+%0# $(+ -%0,% &(++b(,(0-*a*% :($/#$% # )#$-#0( '$% % M*g B))*$*,<0#<%0*.,* M0%-(&(0N # $%0)# &(++b#0<> T?UQ &(+ F%&*-( F*:*+(. /#0#$<($&%,()M0( *+ 0*,M(<<% &(++# 1'%<# 0*,(0:#<# &#++# $%0)#<*:# :*/($<( #+ /($(0( )($% 0#MM0(,($<#<%> e'#+%0# *+ $')(0% &(* F%$,*/+*(0* *$ -#0*-# W%,,( 0*&%<<% #++# )(<N % # )($% &(++# )(<N. <'<<* /+* B))*$*,<0#<%0*,* *$<($&%$% &(-#&'<* (& *+ F%++(/*% X*$&#-#+( &(:( -%$:%-#0( +bb,,()6+(# M(0 +# $%)*$# &(++b*$<(0% F%$,*/+*% &* B))*$*,<0#A*%$(>.AP:<?K? )1!bB,,()6+(# &(*,%-* M0%::(&( # $%)*$#0( *+ I0(,*&($<( (& *+ 8*-( I0(,*&($<(. 1'(,<b'+<*)% 1'#+(,%,<*<'<% &(+ I0(,*&($<( *$ -#,% &* #,,($A# % *)M(&*)($<% &(+ )(&(,*)%.,($A# 0*-%$%,-*)($<% &* -%)M($,* #//*'$<*:*.,(-%$&% 1'#$<% 11 di 39

M0(:*,<% &#++( &*,M%,*A*%$* &* +(//( :*/($<*>!bb,,()6+(# #'<%0*AA# *+ F%$,*/+*% &* B))*$*,<0#A*%$( #++b#<<0*6'a*%$( &* &(+(/G( #+ I0(,*&($<(> S+ F%$,*/+*% $%)*$# '$ X(/0(<#0*%. *+ 1'#+( M'a (,,(0(,-(+<% #$-G( W0# M(0,%$( (,<0#$(( #+ F%$,*/+*%>.AP:<?K? )* S+ F%$,*/+*%,* 0*'$*,-( M0(,,% +#,(&(,%-*#+( % #+<0%:( $(++b#)6*<% &(+ <(00*<%0*% *<#+*#$%. 1'#$&% *+ I0(,*&($<(. % -G* $( W# +( :(-*. 0*<*($( &* -%$:%-#0+% ( 1'#$&% $(,*# W#<<# &%)#$&# &# #+)($% 3Y? 2'$ <(0A%5 &(* F%$,*/+*(0*>!( -%$:%-#A*%$*,* W#$$% -%$ <(+(/0#))*. W#f. M%,<# (+(<<0%$*-# -(0<*W*-#<# % -%$ #+<0* )(AA* *&%$(* # &#0 M0%:# &(++# 0(/%+#0( 0*-(A*%$(. % +(<<(0( 0#--%)#$&#<( # &%)*-*+*% #+)($% U 2%<<%5 /*%0$* M0*)# &(++b#&'$#$a#.,#+:% $(* -#,* &* '0/($A# $(* 1'#+* M%,,%$% #:(0( +'%/% -%$ *$:*<% # )(AA% M%,<# (+(<<0%$*-# -(0<*W*-#<#. <(+(/0#))# % W#f <0#,)(,,* #+)($% &'( /*%0$* M0*)#> @(++# -%$:%-#A*%$( :*($( $(++%,<(,,% )%&% &#<# $%<*A*# #* X*$&#-*> e'#+%0# *+ I0(,*&($<( % -G* $( W# +( :(-* $( #--(0<* +# $(-(,,*<N ( M'0-G^ $%$ :*,*# %MM%,*A*%$( &* #+)($% &'( #))*$*,<0#<%0*. +( 0*'$*%$* &(+ F%$,*/+*% M%,,%$% (,,(0( :#+*&#)($<( <($'<( *$ #'&*% -%$W(0($A# % #'&*%H:*&(%-%$W(0($A#. M'0-G^ 0*,'+<* /#0#$<*<# +b*&($<*w*-#a*%$( &(++( M(0,%$( +(/*<<*)#<( # M0(,($A*#0(. +# M%,,*6*+*<N &* <'<<* * M#0<(-*M#$<* &* *$<(0:($*0( 12 di 39

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h -%))#. M'0-G^,*# M0(,($<( +b*$<(0% F%$,*/+*% &* B))*$*,<0#A*%$( ( +b*$<(0% F%++(/*% X*$&#-#+(. W#<<%,#+:% *+ &*0*<<% &* -*#,-'$ -%$,*/+*(0( %,*$&#-% &* %MM%0,* #++# <0#<<#A*%$( &*,*$/%+* #0/%)($<*> 13 di 39

e'#+%0# *+ $')(0% &(* -%$,*/+*(0* W%,,( M#0*. *$ -#,% &* M#0*<N &* :%<* M0(:#00N *+ :%<% &(+ I0(,*&($<(> @(++( &(+*6(0#A*%$* &(+ F%$,*/+*% :*($( 0(&#<<% :(06#+( *$ #MM%,*<% +*60%. # $%0)# &* +(//(. W*0)#<% &#+ I0(,*&($<( &(++#,(&'<# ( &#+ X(/0(<#0*%> Pb :*(<#<# +# -%00(,M%$,*%$( &* /(<<%$* &* M0(,($A#. M0()* &* 0*,'+<#<% ( <0#<<#)($<* &* W*$( )#$&#<% #* -%)M%$($<* &(+ F%$,*/+*% &* B))*$*,<0#A*%$(>.AP:<?K? W\!# /(,<*%$( %M(0#<*:# &(++b*)m0(,# \ #WW*&#<# #+ F%$,*/+*% &* B))*$*,<0#A*%$( *+ 1'#+( #/*,-( M(0 +b#<<'#a*%$( &(++b%//(<<%,%-*#+( $(+ 0*,M(<<% &(++( &(+*6(0( #,,()6+(#0* ( $(* +*)*<* &(* M%<(0* #& (,,% #<<0*6'*<* &#++# +(//( ( &#+ M0(,($<(,<#<'<%> S$ M#0<*-%+#0( *+ F%$,*/+*% M0%::(&( #++# $%)*$# &(+ @*0(<<%0( 9($(0#+( ( &* #+<0* &*0*/($<* &(++# X%-*(<N. &(<(0)*$#$&%$( * M%<(0*>.AP:<?K? W)!b',% &(++# W*0)#,%-*#+( ( +# +(/#+( 0#MM0(,($<#$A# &(++# X%-*(<N &* W0%$<( #* <(0A* (& *$ /*'&*A*%,M(<<#$% #+ I0(,*&($<( &(+ F%$,*/+*% &* B))*$*,<0#A*%$(. $%$-G^ #+ 8*-( I0(,*&($<( $(* -#,* &* -'* #++b#0<*-%+% 3L &(+ M0(,($<( X<#<'<%> )(- /?H:PBP? I=A :K /?;PA?KK?.;BK?E?.AP:<?K? WW 14 di 39

X' M0%M%,<# &(+ I0(,*&($<( &(++bz$*%$( S<#+*#$# &(++( F#)(0( &* F%))(0-*%. +bb,,()6+(# $%)*$# '$ F%)*<#<% M(0 *+ F%$<0%++% B$#+%/%. W%0)#<% &# $%$ M*g &*,(<<( -%)M%$($<*,-(+<* <0# * I0(,*&($<* *$ -#0*-# &(++( F#)(0( &* F%))(0-*% *$ )%&% &# /#0#$<*0$( +# M*g #)M*# 0#MM0(,($<#$A# (. $(+,'% #)6*<%. $%)*$# *+ I0(,*&($<(> S -%)M%$($<* &(+ F%)*<#<% M(0 *+ F%$<0%++% B$#+%/% 0(,<#$% *$ -#0*-# M(0 <0( (,(0-*A* (,-#&%$% #++# &#<# &(++bb,,()6+(# -%$:%-#<# M(0 +b#mm0%:#a*%$( &(+ 6*+#$-*% 0(+#<*:% #++b'+<*)% (,(0-*A*% &(++# +%0% -#0*-#> S$ %/$* -#,% &(-#&%$% #+ -(,,#0( &(+ +%0% *$-#0*-% M0(,,% +# F#)(0# &* F%))(0-*%> C(++b*M%<(,* -'*,*# $(-(,,#0*%,%,<*<'*0( '$ -%)M%$($<( &(+ F%)*<#<%. +bb,,()6+(# &(* X%-* M0%::(&(0N # $%)*$#0( '$,%,<*<'<% $(++# M0*)# B,,()6+(# '<*+(. -%$ +( )(&(,*)( )%&#+*<N M0(:*,<( $(+ M0(-(&($<( -%))# 3> B++( 0*'$*%$* &(+ F%)*<#<% M(0 *+ F%$<0%++% B$#+%/% M#0<(-*M#,($A# &*0*<<% &* :%<% *+ @*0(<<%0( 9($(0#+(> Pb :*(<#<# +# -%00(,M%$,*%$( &* /(<<%$* &* M0(,($A#. M0()* &* 0*,'+<#<% ( <0#<<#)($<* &* W*$( )#$&#<% #* -%)M%$($<* &(+ F%)*<#<% M(0 *+ F%$<0%++% B$#+%/%>.AP:<?K? W+ S+ F%)*<#<% M(0 *+ F%$<0%++% B$#+%/% :*/*+# ( -%$<0%++#,'++# -%00(<<# #<<'#A*%$( &# M#0<( &(+ F%$,*/+*% &* B))*$*,<0#A*%$( &(+ M*#$% &* #<<*:*<N ( &(/+* 15 di 39

*$&*0*AA*,<0#<(/*-* -%,` -%)( &(+*6(0#<* &#++bb,,()6+(# &(*,%-*> B <#+( W*$( *+ F%)*<#<% G# +(,(/'($<* -%)M(<($A([ 2#5 (,#)*$# M(0*%&*-G( 0(+#A*%$* &(+ F%$,*/+*% &* B))*$*,<0#A*%$(,'++b#<<'#A*%$( &(+ M*#$% &* #<<*:*<N ( &(/+* *$&*0*AA*,<0#<(/*-* -%$ -#&($A# #+)($% <0*)(,<0#+(] 265 0*-G*(&( &%-')($<#A*%$( #+ F%$,*/+*% &* B))*$*,<0#A*%$(,'++%,:%+/*)($<% &(++b#<<*:*<n &(++# X%-*(<N] 2-5 (,M0*)( M#0(0* *$ %0&*$( #++( 1'(,<*%$*,%<<%M%,<( (,M0(,,#)($<( &#+ F%$,*/+*% &* B))*$*,<0#A*%$(] 2&5 M'a 0*-G*(&(0( #+ F%$,*/+*% &* B))*$*,<0#A*%$( -G( '$ #0/%)($<% :($/# M%,<% *$ &*,-',,*%$(. )(&*#$<( *$,(0*)($<% $(++b%0&*$( &(+ /*%0$%. *$ %--#,*%$( &(++# M0*)# 0*'$*%$( '<*+(. -%$ %66+*/% M(0 *+ F%$,*/+*% &* B))*$*,<0#A*%$( &* W%0$*0( '$ <()M(,<*:% 0($&*-%$<% #++# M0*)# 0*'$*%$( '<*+( &(+ F%)*<#<%] 2(5 1'#+%0# 0*<($/# -G( *+ F%$,*/+*% &* B))*$*,<0#A*%$( $%$,<*# %M(0#$&%,(-%$&% /+* *$&*0*AA* #MM0%:#<* &#++bb,,()6+(#. M'a 0*-G*(&(0( #+ I0(,*&($<( &(+ F%$,*/+*% &* B))*$*,<0#A*%$( &* M%00( *$ &*,-',,*%$( +b#0/%)($<% *$ %--#,*%$( &(++# M0*)# B,,()6+(# '<*+(> F*#,-'$,%-*% G# &*0*<<% &* M0%M%00( #+ F%)*<#<% M(0 *+ F%$<0%++% B$#+%/%. M(0 +( 0(+#<*:( :#+'<#A*%$*. #MM0%W%$&*)($<*,' 1'(,<*%$* -G( 0*($<0#$% $(++( -%)M(<($A( #& (,,% #,,(/$#<(> 16 di 39

S+ F%)*<#<% M(0 *+ F%$<0%++% B$#+%/% #&%<<# $(++# M0*)# 0*'$*%$( '<*+( '$ M0%M0*% 0(/%+#)($<% *$<(0$% &* W'$A*%$#)($<%> )(,!=V:J:?;= K=EBK= R=: <?;P: = 6:A:E=;P= IA=I?JP? BKKB A=RB>:?;= R=: R?<DH=;P: <?;PBU:K: J?<:=PBA:.AP:<?K? W3!b*$-#0*-% &* 0(:*,*%$( +(/#+( &(* -%$<* \ -%$W(0*<%. M(0 +# &'0#<# M0(:*,<# &#++# +(//(. -%$ &(+*6(0# &(++b#,,()6+(# %0&*$#0*#.,' M0%M%,<# )%<*:#<# &(+ F%++(/*%,*$&#-#+(. #& '$#,%-*(<N &* 0(:*,*%$( *,-0*<<# $(++b#mm%,*<% 0(/*,<0% &* -'* #++b#0<> T &(+ @>!/,> TL /($$#*% TE3E. $>?K>!b#,,()6+(# &(<(0)*$# *+ -%00*,M(<<*:% M(0 +b*$<(0# &'0#<# &(++b*$-#0*-% -G( M'a 0(:%-#0( M(0 /*',<# -#',#.,($<*<% *+ F%++(/*%,*$&#-#+(> F*#,-'$,%-*% G# &*0*<<% &* %<<($(0( -G*#0*)($<* ( &(+'-*&#A*%$*,'+ 6*+#$-*% &* (,(0-*A*% (,'++# -%$W%0)*<N &(++bb))*$*,<0#a*%$( 0*,M(<<% #+ M0(,($<(,<#<'<% ( #++( &(<(0)*$#A*%$* &(++b#,,()6+(#. $%$-G^,'++# 0(/%+#0*<N #))*$*,<0#<*:# &(++#,%-*(<N> S,%-* (,(0-*<#$% *+ &*0*<<% &* -'* #+ M0(-(&($<( -%))# # )(AA% &(++#,%-*(<N &* 0(:*,*%$( $%)*$#<# &#++b#,,()6+(#> B <#+ W*$( +#,%-*(<N &* 0(:*,*%$( (,#)*$(0N <'<<# +# &%-')($<#A*%$( $(-(,,#0*# #WW*$-G^ <#+( &*0*<<% M%,,# (,,(0( '<*+)($<( (,(0-*<#<%. M0%::(&($&%. 1'#+%0# $(-(,,#0*%. #++# 0(&#A*%$( &* #MM%,*<( $%<( *$W%0)#<*:(> S+,%-*% G# -%)'$1'( 17 di 39

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a (,,(0( 0(:%-#<% -%$ &(-*,*%$( )%<*:#<# &(+ F%$,*/+*% &* #))*$*,<0#A*%$(.,($<*<% *+ M#0(0( &(+ F%++(/*%,*$&#-#+(> S+ @*0*/($<( M0(M%,<% #++# 0(&#A*%$( &(* &%-')($<* -%$<#6*+*,%-*(<#0* &(-#&( &#++"'WW*-*% *$ )#$-#$A# &(* 0(1'*,*<* 18 di 39

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b(ww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di 39

(,(0-*A* (,-#&%$% #++# &#<# &(++b#,,()6+(# -%$:%-#<# M(0 +b#mm0%:#a*%$( &(+ 6*+#$-*% 0(+#<*:% #++b'+<*)% (,(0-*A*% &(++# +%0% -#0*-#>!# $%)*$# &(* X*$&#-* (WW(<<*:* ( &(*,'MM+($<* &(:( :($*0( (WW(<<'#<#,(-%$&% )%&#+*<N <#+* &# /#0#$<*0( +# 1'%<# 0*,(0:#<# &#++# $%0)#<*:# :*/($<( #+ /($(0( )($% 0#MM0(,($<#<%. #$-G( $(++b*m%<(,* *$ -'*. $(+ -%0,% &(++b(,(0-*a*%. :($/#$% # )#$-#0( '$% % M*g X*$&#-*> P,,*,%$% 0*(+(//*6*+*>!( +%0% #<<0*6'A*%$*,%$%,<#6*+*<( &#++# +(//( ( M(0 +# +%0% (+(A*%$(. * 0(1'*,*<*. (& *+ +%0% ()%+')($<%,* W# (,M0(,,% 0*W(0*)($<% #++( &*,M%,*A*%$* :*/($<*> C(++b*M%<(,* -G( *+ F%++(/*% X*$&#-#+(,*# -%)M%,<% &# M*g &* <0( )()60*. #++bz$*%$( S<#+*#$# &(++( F#)(0( &* F%))(0-*% \ 0*,(0:#<# +# W#-%+<N &* $%)*$#0( '$ )()60% &(+ F%++(/*%,<(,,%>!( 0*'$*%$* &(+ F%++(/*% M%,,%$% (,,(0( :#+*&#)($<( <($'<( *$ #'&*% -%$W(0($A# % #'&*%:*&(%-%$W(0($A#. M'0-G^ 0*,'+<* /#0#$<*<# +b*&($<*w*-#a*%$( &(++( M(0,%$( +(/*<<*)#<( # M0(,($A*#0(. +# M%,,*6*+*<N &* <'<<* * M#0<(-*M#$<* &* *$<(0:($*0( %0#+)($<(. *$ <()M% 0(#+(,' <'<<* /+* #0/%)($<*. &* M%<(0 :*,*%$#0( ( 0*-(:(0( &%-')($<#A*%$( ( &* M%<(0$( <0#,)(<<(0(> Pb :*(<#<# +# -%00(,M%$,*%$( &* /(<<%$* &* M0(,($A#. M0()* &* 0*,'+<#<% ( <0#<<#)($<* &* W*$( )#$&#<% 20 di 39

#* -%)M%$($<* &(+ F%++(/*% X*$&#-#+(> )(* 5:KB;<:?.AP:<?K? W,!b(,(0-*A*%,%-*#+(,* -G*'&( #+?3 &*-()60( &* %/$* #$$%> B++# -G*','0# &(++b(,(0-*a*%,%-*#+(. *+ F%$,*/+*% &* B))*$*,<0#A*%$( -%)M*+# *+ 6*+#$-*%,(-%$&% +( $%0)( -%))(0-*#+* ( -%$<#6*+* ( -%$ +b%,,(0:#$a# &(++( &*,M%,*A*%$* &* +(//(> S+ 6*+#$-*% &(:( (,,(0( -%)'$*-#<% #* X*$&#-* (& #++#,%-*(<N *$-#0*-#<# &(+ -%$<0%++% -%$<#6*+( -%$ +# 0(+#A*%$( (& * &%-')($<* /*',<*W*-#<*:* #+)($% '$ )(,( M0*)# &(+ /*%0$% W*,,#<% M(0 +bb,,()6+(# /($(0#+( %0&*$#0*# ( :*($( &(M%,*<#<% M0(,,% +#,(&(,%-*#+( *$ :*,*%$( #* X%-* #+)($% 34 21'*$&*-*5 /*%0$* M0*)# &(++bb,,()6+(#,<(,,# *$,*()( -%$ +# 0(+#A*%$( &(* X*$&#-* ( &(++#,%-*(<N *$-#0*-#<# &(+ -%$<0%++% -%$<#6*+(>.AP:<?K? W1!# X%-*(<N F%$,%0<*+( $%$ G#,-%M% &* +'-0% ( *$ -%$,*&(0#A*%$( &(++( W*$#+*<N &* *$<(0(,,( M'66+*-% &(++# X%-*(<N. /+* (:($<'#+* #:#$A* $(<<* &* (,(0-*A*%. &(&%<<%$( #+)($% *+ 4d 2-*$1'( M(0 -($<%5 M(0 +# 0*,(0:# +(/#+(. W*$% #+ +*)*<( &* +(//(.,%$% # &*,M%,*A*%$( &(++bb,,()6+(# $(+ 1'#&0% &(++( W*$#+*<N -%$,%0<*+*>.AP:<?K? W* S,%-*,%$% <($'<* # :(0,#0([ 21 di 39

H -%$<0*6'<* %66+*/#<%0*. $(-(,,#0* #++b(,*,<($a# (& #+ W'$A*%$#)($<% &(++# X%-*(<N ( M(0 +%,:%+/*)($<% &(++( #<<*:*<N *,<*<'A*%$#+* &(++# )(&(,*)#. #MM0%:#<* &#++b#,,()6+(# &* X%-*] H -%$<0*6'<* M(0 *,(0:*A* W#-%+<#<*:* W%0$*<* &#++# X%-*(<N F%$,%0<*+(,' 0*-G*(,<# &(* X%-*,<(,,*> S+ F%$,*/+*% &* B))*$*,<0#A*%$( #MM0%:# *$%+<0( +( <#0*WW( &# #MM+*-#0( #* <(0A* -G(,* -%++(/#$% #/+* #0-G*:* *$W%0)#<*AA#<* $#A*%$#+* /(,<*<* M(0 -%$<% &(++( F#)(0( &* F%))(0-*%> F%$ &(+*6(0# &(++bb,,()6+(#.,' M0%M%,<# &(+ F%$,*/+*% &* B))*$*,<0#A*%$(. \ #MM0%:#<% #MM%,*<% 7(/%+#)($<% *$ -'*,%$% &(W*$*<* * -0*<(0* M(0 +# &(<(0)*$#A*%$( &(* -%$<0*6'<* %66+*/#<%0*. * -0*<(0* M(0 +# &(W*$*A*%$( &(* -%$<0*6'<* M(0 *,(0:*A* W#-%+<#<*:*. $%$-G^ * -0*<(0* M(0 +# &(<(0)*$#A*%$( &(++( <#0*WW( &# #MM+*-#0( #/+* '<($<* <(0A*> )(2!=<=JJ? =R =J<KDJ:?;=.AP:<?K? W2 S$ <'<<* * -#,* M0(:*,<* &#++b#0<> TV?L. 3h -%))#. &(+ -%&*-( -*:*+( -*#,-'$ X%-*% M'a 0(-(&(0( &#++# X%-*(<N,(-%$&% * <(0)*$* ( +( )%&#+*<N &* -'* #++b#0<> TV?L 6*, &(+ -%&*-( -*:*+(> F*#,-'$ X%-*% #:0N #+<0(,` W#-%+<N &* 0(-(&(0( &#++# X%-*(<N 1'#+%0#,* <0%:* *$ &*,,($,%,'++# )*,'0# &(* -%$<0*6'<* %66+*/#<%0*.,'++# &(<(0)*$#A*%$( &(/+* *$&*0*AA*,<0#<(/*-* 22 di 39

( &(+ M*#$% #$$'#+( &* #<<*:*<N %MM'0(,'++# /(,<*%$( #))*$*,<0#<*:# &(++#,%-*(<N> S+ 0(-(,,% G# (WW(<<% &#+ 3h /($$#*%,'--(,,*:% #++# -%)'$*-#A*%$( (WW(<<'#<# &#+,%-*% #++#,%-*(<N> S+ 0*)6%0,% &(++( #A*%$* \ &(<(0)*$#<% *$ 6#,( #+,'--(,,*:% #0<>?3 &(+ M0(,($<( X<#<'<%>.AP:<?K? +\ S$ -#,% &* /0#:( 0*<#0&% $(++b#&()m*)($<% #/+* %66+*/G* -%$,%0<*+* &* X<#<'<% ( &* 7(/%+#)($<%. M'a &*,M%0,* +b(,-+',*%$( &(+ X%-*%> X'++b(,-+',*%$( &(-*&( +bb,,()6+(# &(+*6(0#$&% -%$ +# )#//*%0#$A# &(++# )(<N &(+ -#M*<#+(. (,-+',# +# 1'%<# &(+ X%-*% -%$,%0A*#<% $(* -'* -%$W0%$<* :*($( M0%$'$-*#<#>!bB,,()6+(# &(<(0)*$# #$-G( *+ 0(/%+#)($<% &(++( M($&($A( -%$ *+ X%-*%>.AP:<?K? +)!( #A*%$* &(++# X%-*(<N &(+ X%-*% -%$,%0A*#<% 0(-(&'<% % (,-+',%,%$% #& (,,% 0*)6%0,#<( *$ M0%M%0A*%$( &(+ M#<0*)%$*% $(<<% -%$<#6*+( &(++# X%-*(<N 0*,'+<#$<( &#+ 6*+#$-*% &(++b'+<*)% (,(0-*A*%> )()\ 7<:?EK:H=;P? R=KKB 7?<:=PQ.AP:<?K? +W B&&*:($($&%,* *$ 1'#+,*#,* <()M% ( M(0 1'#+,*#,* -#',# #++%,-*%/+*)($<% &(++# X%-*(<N.,* M0%-(&( #++# +*1'*&#A*%$( # )(AA% &* '$% % M*g +*1'*&#<%0*. $%)*$#<* &#++bb,,()6+(# 23 di 39

,<0#%0&*$#0*#. -G( $( &(<(0)*$# * -%)M($,*. -%$ +( W'$A*%$* (& * M%<(0* M0(:*,<* &#++# +(//(> )()) /?;PA?V=AJ:=.AP:<?K? ++ _'<<( +( -%$<0%:(0,*( -G( &%:(,,(0% *$,%0/(0( <0# +# X%-*(<N (& *,*$/%+*,%-*. %::(0% <0# *,%-* )(&(,*)*. &%:0#$$% (,,(0( *$ M0*)% +'%/%,%<<%M%,<( #& '$ <($<#<*:% &* -%$-*+*#A*%$( &#,:%+/(0,*,(-%$&% +# M0%-(&'0# M0(:*,<# &#+ 7(/%+#)($<% &* -%$-*+*#A*%$( &(++# F#)(0# B06*<0#+( M0(,,% +# F#)(0# &* F%))(0-*% &* 7%)#> e'#+%0# $%$,* #&&*:($/#. $(* <()M*,<#6*+*<* &#+ 7(/%+#)($<%. #++# -%$-*+*#A*%$( <0# +( M#0<*. +( -%$<0%:(0,*(,#0#$$% &(W(0*<( #+ /*'&*A*% &* '$ F%++(/*% -%,<*<'*<% &# <0( #06*<0*. &* -'* '$% -%$ W'$A*%$* &* I0(,*&($<(. $%)*$#<* &#+ I0(,*&($<( &(++# F%0<( &* BMM(++% &* 7%)# -G( &%:0N M0%::(&(0:* ($<0% <0($<# /*%0$* &#++# 0*-G*(,<# W#<<# &#++# M#0<( M*g &*+*/($<(> C(+ -#,% *$ -'* $%$ :* M0%::(&# ($<0% *+ <(0)*$( *$&*-#<%. +# $%)*$#,#0N 0*-G*(,<# &#++# M#0<( M*g &*+*/($<( #+ I0(,*&($<( &(+ _0*6'$#+( -*:*+( &* 7%)#> 9+* #06*<0* &(-*&(0#$$% *$ :*# 0*<'#+(.,(-%$&% &*0*<<% (& # )#//*%0#$A#. #<<($($&%,* #++# $%0)#<*:# :*/($<(>!#,(&( &(++b#06*<0#<%,#0n *$ 7%)#. M0(,,% *+ &%)*-*+*% (+(<<% &#+ I0(,*&($<( &(+ F%++(/*%>!# &%)#$&# &* #06*<0#<% &%:0N (,,(0( &(M%,*<#<# $(+ 0(/*,<0% 24 di 39

&(++( *)M0(,( (& *+ +%&% &%:0N (,,(0( 0(,%.,#+:% M0%0%/G(. ($<0% -($<%<<#$<# /*%0$* &#++b#--(<<#a*%$( &(++b'+<*)# $%)*$#>!#,%MM0(,,*%$( &(++# -+#',%+# -%)M0%)*,,%0*# &(:( (,,(0( #MM0%:#<# &#*,%-* -G( 0#MM0(,($<*$% #+)($% * &'( <(0A* &(+ -#M*<#+(,%-*#+(>!# M0(,($<( -+#',%+# -%)M0%)*,,%0*#,* #MM+*-G(0N #++( -%$<0%:(0,*( -G( *$,%0/#$% <0# #))*$*,<0#<%0*.,*$&#-* ( +*1'*&#<%0* <0# +%0% (Y% -%$ +# X%-*(<N>!# -+#',%+# <0%:(0N #MM+*-#A*%$( &%M% -G( /+* #))*$*,<0#<%0*.,*$&#-* ( +*1'*&#<%0* #:0#$$% #--(<<#<% +# 0*,M(<<*:# -#0*-#> R><%[ F#0+% 9*',(MM( =#0*# X#$/#++* H 8*$-($A% R(00#0# C%<#*% 25 di 39

!=E?KBH=;P? #A=H=JJ? H -G( +# Y&;C?/BH=A= X 7?<:=PQ /?;J?AP:K= R: &;C?AHBP:<B R=KK= /BH=A= R: /?HH=A<:? &PBK:B;= I=A.>:?;:c 2*$ #MM0(,,% Y7?<:=PQ /?;J?AP:K=[O G# *+ -%)M*<% &* #MM0%$<#0(. %0/#$*AA#0( ( /(,<*0( $(++"*$<(0(,,( ( M(0 -%$<% &(++( F#)(0( &* F%))(0-*% ( -%$ -0*<(0* &* (-%$%)*-*<N /(,<*%$#+(. '$,*,<()# *$W%0)#<*-% $#A*%$#+( *$ /0#&% &* <0#<<#0( ( &*,<0*6'*0( *$ <()M% 0(#+(. #$-G( #,%//(<<* <(0A*. #<<*. &%-')($<* ( *$W%0)#A*%$* -G( +# +(//( &*,M%$(,*#$% %//(<<% &* M'66+*-*<N +(/#+( % M'66+*-*<N $%<*A*# % -G( -%)'$1'(,-#<'0*,-#$% &# 0(/*,<0*. #+6*. 0'%+*. (+($-G* ( 0(M(0<%0* <($'<* &#++( F#)(0( &* F%))(0-*%] H -G( S$W%F#)(0(. #::#+($&%,* &(+ M0%M0*% #MM#0#<% *$W%0)#<*-%. M'a *$%+<0( M0%::(&(0( # W#:%0( &(* M0%M0*,%-* #++%,:%+/*)($<% &* #<<*:*<N &* /(,<*%$( ( &* (+#6%0#A*%$( &#<*. &* -%$,'+($A# ( &* #,,*,<($A# *$W%0)#<*-#. $%$-G^ &* W%0$*<'0# &* M0%&%<<* (,(0:*A* #$-G( *$W%0)#<*-* ( &* -%++(/#)($<% <(+()#<*-% )*0#$<* #& %<<*)*AA#0( +b(ww*-*($a# W'$A*%$#+( &(+,*,<()#] H -G( +"#0<*-%+% TU &(++% X<#<'<% M0(:(&( -G(. -%$ #MM%,*<% 0(/%+#)($<% #MM0%:#<% &#++"B,,()6+(#.,*#$% &(W*$*<( +( -%$&*A*%$* /($(0#+* &* W%0$*<'0# &(*,(0:*A* &# M#0<( &(++# X%-*(<N. * -0*<(0* M(0 +# &(<(0)*$#A*%$( &(* -%$<0*6'<* %66+*/#<%0* ( &(* -%$<0*6'<* M(0 *,(0:*A* W#-%+<#<*:*. 26 di 39

$%$-G^ * -0*<(0* M(0 +# &(<(0)*$#A*%$( &(++( <#0*WW( &# #MM+*-#0( #/+* '<($<*] <'<<% -*a M0()(,,%,* -%$:*($([.AP:<?K? ) N%EE=PP?O S+ M0(,($<( #<<% 0(/%+# +( )%&#+*<N ( * <(0)*$* M(0 +# /(,<*%$(. &# M#0<( &(++# X%-*(<N F%$,%0<*+( ( M(0 -%$<% &(* X%-* -%$,%0A*#<*. &(+,*,<()# *$W%0)#<*-% $#A*%$#+( &* -'* #++b#0<>v &(++% X<#<'<%> S$ M#0<*-%+#0(. #++b*$<(0$% &(++b#<<%.,%$% *$&*:*&'#<* *,(0:*A* %66+*/#<%0* #WW*&#<* &# -*#,-'$ F%$,%0A*#<% #& S$W%F#)(0(. $%$-G^ *,(0:*A* -G( -*#,-'$ F%$,%0A*#<% M'a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b*$w%0)#a*%$(,' <'<<% *+ <(00*<%0*% 27 di 39

$#A*%$#+(] T> +# 0(#+*AA#A*%$( ( )(,,# # &*,M%,*A*%$( &(*,*,<()* ( &(++( M0%-(&'0( *$W%0)#<*-G( M(0 +# M0(&*,M%,*A*%$(. +# <($'<#. +# -%$,(0:#A*%$( ( +# /(,<*%$( &(+ 7(/*,<0% *$W%0)#<*-% &(* M0%<(,<*. #*,($,* &(++b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b(+#6%0#a*%$( ( +b(0%/#a*%$(. # -G*'$1'( $( W#--*# 0*-G*(,<#. &(* &#<* ( &(* &%-')($<* %//(<<% &* M'66+*-*<N +(/#+( % M'66+*-*<N $%<*A*#. M0(,($<* *$ 0(/*,<0*. #+6*. (+($-G* ( 0'%+* +# -'* /(,<*%$( *$W%0)#<*-# \ #WW*&#<# &#* F%$,%0A*#<* #++# X%-*(<N F%$,%0<*+(] 4> +# )(,,# # &*,M%,*A*%$( ( /(,<*%$( &* '$b'$*-# 0(<( <(+()#<*-# $#A*%$#+( #<<# # -%++(/#0( *+ -($<0% (+#6%0#A*%$( &#<* &(++# X%-*(<N F%$,%0<*+( -%$ <'<<( +(,(&* M0*$-*M#+* 28 di 39

&(* X%-* F%$,%0A*#<*. #+ W*$( &* -%$,($<*0( +# W0'*A*%$( ( +b(0%/#a*%$( &*,(0:*A* *$W%0)#<*-* ( +b#--(,,% #+,(0:*A*% &* -%$$(<<*:*<N ( &* M%,<# (+(<<0%$*-#] Q> +# M0(&*,M%,*A*%$( ( )(,,# # &*,M%,*A*%$( &(++( M0%-(&'0( *$W%0)#<*-G( M(0 *+ M#/#)($<% &(+ &*0*<<% #$$'#+(. &(* &*0*<<* &*,(/0(<(0*# ( &(++b*)m%,<# &* 6%++% &%:'<( #* X%-* -%$,%0A*#<*. (:($<'#+)($<( M0%::(&($&% M(0 -%$<% &* 1'(,<* '+<*)* #++b*$-#,,% &(++( 0(+#<*:(,%))(] L> +# )(,,# # &*,M%,*A*%$(. *$ )%&#+*<N %$ +*$(. &(*,(0:*A* &* M#/#)($<% &* -'* #+ M'$<%?5 #++b#++(/#<% &(++( &*0(<<*:# -%)'$*<#0*# TEELYQVYFP (,-+',*:#)($<( M(0 +# W0'*A*%$( &(*,(0:*A* <(+()#<*-* #WW*&#<* #++#,%-*(<N -%$,%0<*+(] U> +# M0(&*,M%,*A*%$( &(++( M0%-(&'0( *$W%0)#<*-G( M(0 +# <0#,)*,,*%$( &# M#0<( &(++( F#)(0( &* F%))(0-*% #++bb))*$*,<0#a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b#//*%0$#)($<% -%$ * &#<* M0%:($*($<* &#* 29 di 39

-%$<0%++* (WW(<<'#<* &# M#0<( &(/+* %0/#$* -%)M(<($<*] 3E> +# M0(&*,M%,*A*%$(. *$ 1'#+*<N &* /(,<%0( &(+,*,<()# *$W%0)#<*:% &(++( F#)(0( &* F%))(0-*% &* -'* #+ &(-0(<% &(+ )*$*,<(0% &(++( #<<*:*<N M0%&'<<*:( &(+ T? /*'/$% TEE4. &(/+*,<0')($<* (+(<<0%$*-* ( <(+()#<*-* $(-(,,#0* #++# ()*,,*%$(. 0*+#,-*% ( /(,<*%$( &(++( -#0<( <#-G*/0#W*-G( *$ -%$W%0)*<N -%$ +# $%0)#<*:# :*/($<(] 33> +# 0(#+*AA#A*%$( ( )(,,# # &*,M%,*A*%$( &(*,*,<()* ( &(++( M0%-(&'0( *$W%0)#<*-G( M(0 +b(,m+(<#)($<% &(++( #<<*:*<N &* -%)M(<($A# &(* X%-* #*,($,* &(++b#0<>?u &(+ &(-0(<% +(//( T4 /*'/$% TEEU $>33T. -%$:(0<*<% *$ +(//( Q #/%,<% TEEU. $>3??. ( &(++( 0(+#<*:( &*,M%,*A*%$* #<<'#<*:(] 3T> +# 0(#+*AA#A*%$( ( )(,,# # &*,M%,*A*%$( &(*,*,<()* ( &(++( M0%-(&'0( *$W%0)#<*-G( M(0 +# /(,<*%$( &(+ M'$<% &* #--(,,% #+ &%)*$*% /*',<*A*#. #*,($,* &(+ &(-0(<% )*$*,<(0*#+( T3 W(660#*% TE33. $>VV ( 0(+#<*:( &*,M%,*A*%$* #<<'#<*:(> C(++b#)6*<% &(*,(0:*A* &* -'* #+ M0(,($<( #0<*-%+%.,%$% &# -%$,*&(0#0( M'66+*-* (,,($A*#+*. #*,($,* &(++# +(//( 3T /*'/$% 3KKE $> 3VQ (,'--(,,*:( )%&*W*-G( (& *$<(/0#A*%$*. 1'(++*,<0')($<#+* #++( #<<*:*<N &(++( F#)(0( &* F%))(0-*% -%$,%0A*#<( M(0 +( 1'#+* * :*/($<* -%$<0#<<* -%++(<<*:* &* +#:%0% &(+ M(0,%$#+(,<#6*+*,-#$% +# /#0#$A*# &(++( M0(,<#A*%$* *$&*,M($,#6*+*>.AP:<?K? + 30 di 39

N7=AV:>: /?;J?AP:K: @B<?KPBP:V:O!# X%-*(<N F%$,%0<*+( M'a M0(,<#0(,' 0*-G*(,<# &(* X%-* -%$,%0A*#<* '+<(0*%0*,(0:*A*,<#$&#0&*AA#<*> S$ M#0<*-%+#0(. # <*<%+% (,()M+*W*-#<*:% )# $%$ (,#',<*:%. +# X%-*(<N F%$,%0<*+( M'a M0%::(&(0( *$ W#:%0( &(* X%-*[ #5 #++b#-1'*,<% ( )(,,# # &*,M%,*A*%$( &(* F%$,%0A*#<* &(/+*,<0')($<* *$W%0)#<*-* ( &(*,(0:*A* &* #,,*,<($A# <(+(W%$*-# W'$A*%$#+* #++b*$<(0#a*%$( &(*,%//(<<* *$<(0(,,#<* -%$ /+* 'WW*-* (& * 0(/*,<0* *$W%0)#<*-* -#)(0#+*] 65 #++"#-1'*,<%. +%-#A*%$( % +(#,*$/. &* #MM#0(--G* G#0&i#0( ( &* -%)M%$($<*,%W<i#0(. $%$-G^ #& #,,*-'0#0(. #$-G( M(0 *+ <0#)*<( &* <(0A*.,(0:*A* &* )#$'<($A*%$( &(++( #MM#0(--G*#<'0( (& *)M*#$<* *$W%0)#<*-* -%$ +b%6*(<<*:% &* %<<($(0( +( )*/+*%0* -%$&*A*%$* (-%$%)*-G( *$ 0(+#A*%$( #* 1'#$<*<#<*:* #-1'*,<#<*] -5 #& #<<*:#0( -%)'$1'( +( M0%-(&'0( #& (:*&($A# M'66+*-# M0(:*,<( &#++# $%0)#<*:# :*/($<( M(0 +b#mm0%::*/*%$#)($<% &* '+<(0*%0* 6($* (,(0:*A*,<0')($<#+* #+ M(0,(/'*)($<% &(++( W*$#+*<N *,<*<'A*%$#+* &(++( F#)(0( &* F%))(0-*%. #$-G( -%$ +b%6*(<<*:% &* %<<($(0( +( )*/+*%0* -%$&*A*%$* *$ 0(+#A*%$( #* 1'#$<*<#<*:* #-1'*,<#<*] &5 # -%++(/#0( *+ -($<0% (+#6%0#A*%$( &#<* &(++# X%-*(<N F%$,%0<*+( -%$ +(,(&*,(-%$&#0*( &(++( F#)(0( &* F%))(0-*% ( -%$ +(,(&* &(/+* #+<0* %0/#$*,)* -%,<*<'($<* *+,*,<()# -#)(0#+(. #+ W*$( &* -%$,($<*0( +# W0'*A*%$( ( +b(0%/#a*%$( 31 di 39

&*,(0:*A* *$W%0)#<*-* ( +b#--(,,% #+,(0:*A*% &* -%$$(<<*:*<N ( &* M%,<# (+(<<0%$*-#] (5 # )(<<(0( # &*,M%,*A*%$( +( M0%-(&'0( *$W%0)#<*-G( %--%00($<* M(0 +"*,-0*A*%$(. +# /(,<*%$( ( +# -%$,'+<#A*%$( &(* 0(/*,<0*. #+6*. 0'%+* ( 0(M(0<%0*. $%$ *$&*-#<* $(+ M0(-(&($<( #0<>T. <($'<* % /(,<*<* &#++( F#)(0( &* F%))(0-*%] W5 # )(<<(0( # &*,M%,*A*%$( +( M0%-(&'0( *$W%0)#<*-G( M(0 +# <($'<# &(++# -%$<#6*+*<N. M(0 +# M*#$*W*-#A*%$( (& *+ -%$<0%++% &* /(,<*%$(. M(0 +# /(,<*%$( &(+ -*-+% &*,M(,# ( &* *$:(,<*)($<% ( M(0 +b#))*$*,<0#a*%$( ( /(,<*%$( &(+ M(0,%$#+( &(* X%-* F%$,%0A*#<*] /5 # 0(#+*AA#0(,(0:*A* (& *$W0#,<0'<<'0( *$W%0)#<*-G( ( <(+()#<*-G( M(0,'MM%0<#0( +( F#)(0( &* F%))(0-*% $(++# M0(&*,M%,*A*%$( ( /(,<*%$( &* %,,(0:#<%0* &(++b(-%$%)*# 2+%-#+(. 0(/*%$#+( ( $#A*%$#+(5 ( $(++# &*WW',*%$( &* *$W%0)#A*%$* (-%$%)*-G(] G5 # 0(#+*AA#0(,(0:*A* (& *$W0#,<0'<<'0( *$W%0)#<*-G( ( <(+()#<*-G( M(0 +# M0%)%A*%$( &(++b*$$%:#a*%$( ( &(+ <0#,W(0*)($<% <(-$%+%/*-% M(0 +( *)M0(,(] *5 # 0(#+*AA#0( +( M0%-(&'0( *$W%0)#<*-G( M(0 +b(0%/#a*%$( &*,(0:*A* &* -%$-*+*#A*%$( (& #06*<0#<% M(0 +# 0*,%+'A*%$( &(++( -%$<0%:(0,*( <0# *)M0(,( ( <0# *)M0(,( ( -%$,')#<%0* ( '<($<*] j5 # 0(#+*AA#0( +( M0%-(&'0( *$W%0)#<*-G( 0(+#<*:( #++# :*/*+#$A# ( -%$<0%++%,'* M0%&%<<* ( M(0 +# )(<0%+%/*# 32 di 39

+(/#+( ( 0*+#,-*% &(* -(0<*W*-#<* &* %0*/*$( &(++( )(0-*] k5 # M0(&*,M%00( ( /(,<*0( +( M0%-(&'0( *$W%0)#<*-G( <(,( # W#:%0*0( +%,:%+/*)($<% &# M#0<( &(++( F#)(0( &* F%))(0-*% &(* M0%M0* -%)M*<* *,<*<'A*%$#+* *$ -%$W%0)*<N #++( $%0)#<*:( :*/($<* (& #++( &*,M%,*A*%$* *)M#0<*<( &#+ =*$*,<(0% &(++% X:*+'MM% P-%$%)*-%>!# X%-*(<N F%$,%0<*+(. *$%+<0(. M'a M0%::(&(0(. &*(<0% 0*-G*(,<#,M(-*W*-# &* '$ F%$,%0A*#<%. # <'<<( +( '+<(0*%0* #<<*:*<N -%)M#<*6*+* -%$ *+ M0%M0*% %//(<<%,%-*#+(> S$ M#0<*-%+#0(. +# X%-*(<N F%$,%0<*+( %M(0#.,' 0*-G*(,<# &* Z$*%$-#)(0(. #*,($,* &(++( &*,M%,*A*%$* :*/($<* 1'#+(,<0'<<'0# M0(M%,<# #+,(0:*A*% &* 0*+#,-*% ( /(,<*%$( *$W%0)#<*-# &(* -%&*-* l!psc 2l!(/#+ P$<*<m S&($<*W*(0c5 *$ 1'#+*<N &* l!jzc 2O!%-#+ JM(0#<*$/ Z$*<O5 M(0 +"S<#+*#>.AP:<?K? 3 2@(<(0)*$#A*%$( &(* -%$<0*6'<* M(0 *,(0:*A* W#-%+<#<*:*5 S+ F%$,*/+*% &* B))*$*,<0#A*%$( M0%::(&( -%$ &(+*6(0# #++# &(<(0)*$#A*%$( &(* -%$<0*6'<* M(0 *,(0:*A* W#-%+<#<*:*,<#$&#0&*AA#<* *$ 6#,( #* -%,<* &* M0%&'A*%$( ( &* (0%/#A*%$( &(*,(0:*A* )(&(,*)*>!# &(<(0)*$#A*%$( &(+ -%$<0*6'<% # -#0*-% &* '$ F%$,%0A*#<% M(0 +b(,(-'a*%$( &*,M(-*W*-G( #<<*:*<N # 0*-G*(,<#. #*,($,* &(+ M($'+<*)% -#M%:(0,% &(++b#0<>?.,#0n (WW(<<'#<# &* :%+<# *$ :%+<# &#++# X%-*(<N F%$,%0<*+( *$ W'$A*%$( &(++# M0(,<#A*%$( &# (,(/'*0(> 33 di 39

.AP:<?K? - N6=P=AH:;B>:?;= <?;PA:UDP:?UUK:EBP?A:O F*#,-'$ F%$,%0A*#<% \ <($'<%. #*,($,* &(++b#0<>tu &(++% X<#<'<%. # :(0,#0( * -%$<0*6'<* %66+*/#<%0* $(-(,,#0* #++b(,*,<($a#. #+ W'$A*%$#)($<% (& #++%,:%+/*)($<% &(++( #<<*:*<N *,<*<'A*%$#+* &(++# X%-*(<N F%$,%0<*+(>!# &(<(0)*$#A*%$( &(* -%$<0*6'<* %66+*/#<%0* &* -%)M(<($A# &* -*#,-'$ -%$,%0A*#<% \ (WW(<<'#<# *$ M0%M%0A*%$( #* &*0*<<* &*,(/0(<(0*# *$-#,,#<* $(++b#$$% M0(-(&($<( &# -*#,-'$ X%-*% F%$,%0A*#<%>!# &(<(0)*$#A*%$( &(* -%$<0*6'<* %66+*/#<%0* &* -%)M(<($A# &(*,%-* -%$,%0A*#<* -G( $%$ *$-#,,#$% * &*0*<<* &*,(/0(<(0*#. \ (WW(<<'#<# *$ 1'%<# W*,,# M#0* #& n T>EEE 2P'0% &'()*+#YEE5 M(0 +( Z$*%$* 7(/*%$#+* (& n 34>EEE 2P'0% 1'*$&*-*)*+#YEE5 M(0 +bz$*%$( C#A*%$#+(>!bB,,()6+(#. %/$* #$$%.,' M0%M%,<# &(+ F%$,*/+*% &* B))*$*,<0#A*%$([ H &(<(0)*$# +# )*,'0# &(+ -%$<0*6'<% %66+*/#<%0*% M(0 +b#$$%,'--(,,*:%. $(+ 0*,M(<<% &* -0*<(0* *&%$(* #,#+:#/'#0&#0( +b(1'*+*60% (-%$%)*-%HW*$#$A*#0*% &(++# X%-*(<N F%$,%0<*+(] H M'a 0*&(<(0)*$#0( +b*)m%0<% &(+ -%$<0*6'<% %66+*/#<%0*% M(0 +b#$$% *$ -%0,%. <($'<% -%$<% &(++( $(-(,,*<N #A*($&#+*>.AP:<?K?, N/?KK=EBH=;P: R: P=A>: = <A:P=A: R: R=P=AH:;B>:?;= R=KK= PBA:CC=O 34 di 39

!# X%-*(<N F%$,%0<*+( M0%::(&(. $(++b*$<(0(,,( ( M(0 -%$<% &(++( F#)(0( &* F%))(0-*%. #*,($,* &(/+* #0<<>3 ( T &(+ M0(,($<( 0(/%+#)($<%[ H # -%$,($<*0(. # -G*'$1'( $( W#--*# 0*-G*(,<#. *+ -%++(/#)($<% <(+()#<*-% -%$ * 0(/*,<0*. #+6*. (+($-G* ( 0'%+* #WW*&#<* #++# X%-*(<N F%$,%0<*+(. /#0#$<($&% +# -%$,'+<#A*%$( ( +b*$<(0#a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di 39

M(0 *+ W'$A*%$#)($<% ( +%,:*+'MM% &(+,*,<()# *$W%0)#<*-% &(++( F#)(0( &* F%))(0-*%>.AP:<?K? 1 N6:JI?;:U:K:PQ R=K 7:JP=HB :;C?AHBP:<? = K:V=KK: R: J=AV:>:?O!# X%-*(<N F%$,%0<*+( /#0#$<*,-( +# &*,M%$*6*+*<N &(* X*,<()* *$W%0)#<*:* &* -'* #/+* #0<<>3 ( T,(-%$&% *+,(/'($<( %0#0*%[ H &#+ +'$(&` #+,#6#<% 2W(,<*:* *$W0#,(<<*)#$#+* -%)M0(,*5 &#++( %0( U.EE #++( T3.EE] H +# &%)($*-# &#++( %0( U.EE #++( 3V.EE> S$ -#,% &* $(-(,,*<N &*,%,M($,*%$( &(+ X*,<()# *$W%0)#<*-%. +# X%-*(<N. 1'#+%0# M%,,*6*+(. $( &#0N M0(#::*,% #* X%-* F%$,%0A*#<*>!# X%-*(<N F%$,%0<*+(. *$%+<0(. /#0#$<*,-( *+ 0*,M(<<% &(* +*:(++* &*,(0:*A*% W*,,#<* &#++bb,,()6+(# $(++b#)6*<% &(+ &%-')($<% lm*#$% #$$'#+( &(++( #<<*:*<Nc>.AP:<?K? * N7:<DA=>>B = PABPPBH=;P? R=: RBP: I=AJ?;BK:O!# X%-*(<N F%$,%0<*+(. $(++b#)6*<% &(*,(0:*A* 0(,* *$ 6#,( #+ M0(,($<( 7(/%+#)($<%.,#0N $%)*$#<#. #*,($,* &(++b#0<> TK &(+ &>+>:% $> 3KQYTEE? (,'--(,,*:( )%&*W*-G( (& *$<(/0#A*%$*. 7(,M%$,#6*+( &(* <0#<<#)($<* &* &#<* M(0,%$#+* #WW*&#<* #++# )(&(,*)# &#*,%-*> S$ <#+( :(,<( (,,# \ <($'<# #& #&%<<#0( <'<<( +( )*,'0( &*,*-'0(AA# -G(. #$-G( *$ 0(+#A*%$( #++( -%$%,-($A( #-1'*,*<( *$ 6#,( #+ M0%/0(,,% 36 di 39

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b','w0'*0( &(*,(0:*A* %WW(0<* &#++# X%-*(<N F%$,%0<*+(.,* *)M(/$# (& \ 37 di 39

0(,M%$,#6*+( &(++# -%00(<<# '<*+*AA#A*%$( &(/+* *)M*#$<*> 9+* (:($<'#+* &#$$* M0%:%-#<* &#++# )#$-#<# M0(&*,M%,*A*%$( &# M#0<( &(* X%-* &(++( M0(-#'A*%$* '<*+* #+ -%00(<<% W'$A*%$#)($<% &(++( #MM#0(--G*#<'0( G#0&i#0( (,%W<i#0( &(+,*,<()# *$W%0)#<*-%. 0(,<(0#$$% # -#0*-% &(* X%-*,<(,,*>.AP:<?K? )) N/?;EAD:PQ P=<;:<?Z=<?;?H:<B R=: J=AV:>:O!# X%-*(<N F%$,%0<*+(. #::#+($&%,* &* '$,%//(<<% <(0A% 1'#+*W*-#<%. #<<*:(0N 6*($$#+)($<( '$b#$#+*,* &(* -%,<* &(*,(0:*A* %WW(0<* ( &(* 0(+#<*:* +*:(++* &*,(0:*A*% #<<0#:(0,% '$# -%)M#0#A*%$( &(/+*,<(,,* -%$ #$#+%/G*,(0:*A* %WW(0<* &# %M(0#<%0* -%$W0%$<#6*+*> @(* 0*,'+<#<* &(++b#$#+*,* :(00N &#<# *$W%0)#<*:# #++bb,,()6+(# &(* X%-*>.AP:<?K? )W N/KBDJ?KB <?HIA?H:JJ?A:BO I(0 1'#+,*#,* -%$<0%:(0,*# -G( M%<(,,( *$,%0/(0( <0# * X%-* F%$,%0A*#<* % <0# * X%-* F%$,%0A*#<* ( +# X%-*(<N F%$,%0<*+( 0(+#<*:# #++"*$<(0M0(<#A*%$(. #MM+*-#A*%$( ( :#+*&*<N &(+ M0(,($<( 7(/%+#)($<%. <0%:(0N #MM+*-#A*%$( +# -+#',%+# #06*<0#+( M0(:*,<# &#++"#0<>?? &(++% X<#<'<%> R><%[ F#0+% 9*',(MM( =#0*# X#$/#++* H 8*$-($A% R(00#0# C%<#*% 38 di 39

FJISB XZ XZIIJ7_J SCRJ7=B_SFJ FJCRJ7=P B! @JFZ=PC_J J7S9SCBH!P XZ XZIIJ7_J FB7_BFPJ BS XPCXS @P!!bB7_>TT @P! @>!9X C>T?4 @P!?E @SFP=;7P TE3E SC 8S9J7P @B! T4 9PCCBSJ TE33 FoP XS _7B=P P B@ ZXJ 7P9SX_7J S=I7PXP> 39 di 39