----

IZ1 Fdwory92012 - -1lt1_shy-_NYshy10 IU CTRONIC MIII Imiddot ~__laquo~m~

S-O fkoo C 100 PSltrootNE DC_OJII __= EJ_ M socmy

Ro Fillt N_SHJII _ R_ fuo 0 Lp P middotRoltl l711

~__ AG 0 rio pfO~ roo -d __ ltloo1flc~ ~ PIt~ 11111 1M P I I ~ Ibullbull~ _ 000 C- _ No w-ltiJ t 1_ look 0 - AG (- or -_) 4 Or ion -lshy_ c-~ rfono _ do __ _ ti cIe~pltd to rail Of -i prof from low fa il bel _ ~ Role Iedmiddot11 _ of i~ it Iraquoto by Com II Klt- iII 71) 00 K 8aoI _rllOMlt _~bo _rM bullbull ~_ ~

bull 1oeWgt __ _ - - fuo bull ~ $ roy r oflw 011middotlabilil) _0(_1=011)_0( ~d -dLJod laquo 7 i ~of _ 21110(_ -lt1 of 19)) (So100 II)

Symbooilt __ - 10101 fit m~p 0InIa1 __ v Itpt_ lt _ ~ _7 _ -0100 _ rigtI1ior of__lIy_

7 T100 iootOlOy _ ~__ rW TT PC IM _ Ior

_ ri _001 ih UIltrId ctltdil sonl) Moll ill impm flty t gtdo of _ ~ or ltWtoi_ ltIf Iltndinf 0lt010) y 011ch ~i l l f1gtlaquo __ _ _ 0laquo_ middot) F_ ~__ntiaoI _ -t) 10k bully _ _~Iy__ dI~

do 0)1gtlaquo __ io --~_i_ ~_allow be ilobllt 100 _ obilO) _fft riA __ liqooI n bullbull Io~middot woold roi blt olthoobio _ _ -I W blt1~ -II of _r _ idgtouo tht I) of _ flirtlt of -ltnK Sea 278 ww I 0

Dltut Ron ~ of ~ fonargtc i wi _ 0 Un ieoj Stat Europe and elgtlt~h= ghouI _ Wh ilo ~ ~ ~e On lIy oil r1 tltts hi loiter ~ splaquorolly Kd iU Il1o fflaquo ofhe Iropo5laquoI Rule nuho 0 middot lity to lied

itlt bolance - ~ hgh ) _ in yutiiLo tran_ onlt ion hich 0010 blt penn___ _utities Ia~ if _laquoi -lt) thltiic c~ oil as f11) ~bltd toltlow We - indulttry ouolt ioo (inclodi thlt l_ioooI Altsoc ofCwl i Monogltraquo surities 101) and Fi1 -10 A and ArtIlttiltoo Soci r) hove b ilkltl 0- ~to-~ menI Iett= Commi ina Il1o ~ RIe W oJ-lt yoftlgtlt ~ ro ilaquoi in 1110gtlt Ienergt but do --Iy _ oil 0(_ hltrlt

Ibullbull t)pical ynIhe iaoo u_ ( Sy_ srimiddot~ ipltgtCia l ptpoot ily (sP[) illlO rod~ dltfauk ~I (CDS) willi ohe Sn~ in rltsplaquo of f=no Pfolo ~middotRd ltInfoUmiddot) comltigtlaquol of 1 Ioono oonutgtlttltial - Ioon~ _ urilin lgtoltl 1raquo UKh - or - 1laquo of lgtoltklti 0 (middotRd ObIip_j De BWgtl ltrodit proltd ylaquo-d Il1o SI1i OCI o -od~~ I ~ lhe CDS rruot CDS folltgtwin tho of ltIltfj in tho CDSj itll -pee one 0- mooltc ( Rf OIgtIipt~ ho SPE lirnI to bull oosh 10 Illtut ho amp01 The SPE i - in- (Spr 10) proeelaquoI of 1Ih ioltgt1laquo1 i _ kgt wed 1raquo US 0- 10 0- 111 agrnltkgt _ hjIy-r laquoI laquo ~ic~ 0- in bull bAnI doepooo bull ~ ~ j o_he BanI 0- _o di~bk ~ ( a m S kgtmiddot) I Igtlt ahknlt of rod ewn the Roferltnlaquo Oblip 11 to the m Slaquourilkgt io m- ltgtilaquoIgter the bull poniQo ~f o 0010 flowgt paMi t Delhe 60 CDS to pay ott he SPE Solegt Ugtd PI I~idod of lilt 101 Seoum 01 p pal tho SPE _ tMMily 10 laquo SynIhe Slaquourilju6oa ~he Ban 01 co bull Total RltI-n S~ (TRS) he I pMI tho I j roxlaquol the 1_ Socurit - __ j ~ now ott doe CDS i ultd tolt ff~ to pay Il1o SPE N_ and poi1 f1 mrunty (to ok lieflt 11laquo 0 ltgt= CDS) T~ he - Oflt cml ltVltTI ~ in shy Il1o RefemIlaquo PootfoI Inlt$tmm Slaquouritkgt Iiquidalod by the ran in omo If pa~ noulthe lank Oe __ pa)abIo by SPE - die CDS ~ k wW ~ in Ioseo to SPE _ in_

I __ ca~ IIeuogtlthlt _ may ydIeically middot1111- pOol of ii to ooe 0-

_boc laquoI _urit (ASS) h onnwId 11 of ABS jolaquol by Dol _~

~ fa _1is of AilS b)o-_I into 0 CDS ~ itll in_ ido AilS Ref=-laquo OIoljpt t ffelto ph) 1 We of tho AOS (Sy01k k ASS 11lt -10 SPE _~ -sbullbullk lk s ri1Iaj I h ~ amplt bull Il1o S)IOtbOic ARS ( to _ 1) j typio lly _ ho opoe Olt I of ho leVi eltIltgtI(j ~fY to lepl in laquoqoit of the i j

SynIhe 5laquo typiooll) offcml bull ~ linoilltd n_ of _i i ~ mh ilt- (0- tho- in bull - adiootraquo Iypio 11) OCIily in in rd ho -jr Ref Ublipliongt -ill lt~ i 0000t)ioa Rferenclt Pltonfol fnraquoplaquoj~ bull ampi Syic Seci Oflt ffOlaquolod tr to (and t)picollyj porfom 1Ioongtugk dult dlvrolaquo on tillt Rf Pltonfol iododlo fUll cmlo_by-ltoRgtdio 1- Ott each splaquoif ~ef-rnct OIo l i~

Dltut Ron ~ of ~ fonargtc i wi _ 0 Un ieoj Stat Europe and elgtlt~h= ghouI _ Wh ilo ~ ~ ~e On lIy oil r1 tltts hi loiter ~ splaquorolly Kd iU Il1o fflaquo ofhe Iropo5laquoI Rule nuho 0 middot lity to lied

itlt bolance - ~ hgh ) _ in yutiiLo tran_ onlt ion hich 0010 blt penn___ _utities Ia~ if _laquoi -lt) thltiic c~ oil as f11) ~bltd toltlow We - indulttry ouolt ioo (inclodi thlt l_ioooI Altsoc ofCwl i Monogltraquo surities 101) and Fi1 -10 A and ArtIlttiltoo Soci r) hove b ilkltl 0- ~to-~ menI Iett= Commi ina Il1o ~ RIe W oJ-lt yoftlgtlt ~ ro ilaquoi in 1110gtlt Ienergt but do --Iy _ oil 0(_ hltrlt

Ibullbull t)pical ynIhe iaoo u_ ( Sy_ srimiddot~ ipltgtCia l ptpoot ily (sP[) illlO rod~ dltfauk ~I (CDS) willi ohe Sn~ in rltsplaquo of f=no Pfolo ~middotRd ltInfoUmiddot) comltigtlaquol of 1 Ioono oonutgtlttltial - Ioon~ _ urilin lgtoltl 1raquo UKh - or - 1laquo of lgtoltklti 0 (middotRd ObIip_j De BWgtl ltrodit proltd ylaquo-d Il1o SI1i OCI o -od~~ I ~ lhe CDS rruot CDS folltgtwin tho of ltIltfj in tho CDSj itll -pee one 0- mooltc ( Rf OIgtIipt~ ho SPE lirnI to bull oosh 10 Illtut ho amp01 The SPE i - in- (Spr 10) proeelaquoI of 1Ih ioltgt1laquo1 i _ kgt wed 1raquo US 0- 10 0- 111 agrnltkgt _ hjIy-r laquoI laquo ~ic~ 0- in bull bAnI doepooo bull ~ ~ j o_he BanI 0- _o di~bk ~ ( a m S kgtmiddot) I Igtlt ahknlt of rod ewn the Roferltnlaquo Oblip 11 to the m Slaquourilkgt io m- ltgtilaquoIgter the bull poniQo ~f o 0010 flowgt paMi t Delhe 60 CDS to pay ott he SPE Solegt Ugtd PI I~idod of lilt 101 Seoum 01 p pal tho SPE _ tMMily 10 laquo SynIhe Slaquourilju6oa ~he Ban 01 co bull Total RltI-n S~ (TRS) he I pMI tho I j roxlaquol the 1_ Socurit - __ j ~ now ott doe CDS i ultd tolt ff~ to pay Il1o SPE N_ and poi1 f1 mrunty (to ok lieflt 11laquo 0 ltgt= CDS) T~ he - Oflt cml ltVltTI ~ in shy Il1o RefemIlaquo PootfoI Inlt$tmm Slaquouritkgt Iiquidalod by the ran in omo If pa~ noulthe lank Oe __ pa)abIo by SPE - die CDS ~ k wW ~ in Ioseo to SPE _ in_

I __ ca~ IIeuogtlthlt _ may ydIeically middot1111- pOol of ii to ooe 0-

_boc laquoI _urit (ASS) h onnwId 11 of ABS jolaquol by Dol _~

~ fa _1is of AilS b)o-_I into 0 CDS ~ itll in_ ido AilS Ref=-laquo OIoljpt t ffelto ph) 1 We of tho AOS (Sy01k k ASS 11lt -10 SPE _~ -sbullbullk lk s ri1Iaj I h ~ amplt bull Il1o S)IOtbOic ARS ( to _ 1) j typio lly _ ho opoe Olt I of ho leVi eltIltgtI(j ~fY to lepl in laquoqoit of the i j

SynIhe 5laquo typiooll) offcml bull ~ linoilltd n_ of _i i ~ mh ilt- (0- tho- in bull - adiootraquo Iypio 11) OCIily in in rd ho -jr Ref Ublipliongt -ill lt~ i 0000t)ioa Rferenclt Pltonfol fnraquoplaquoj~ bull ampi Syic Seci Oflt ffOlaquolod tr to (and t)picollyj porfom 1Ioongtugk dult dlvrolaquo on tillt Rf Pltonfol iododlo fUll cmlo_by-ltoRgtdio 1- Ott each splaquoif ~ef-rnct OIo l i~

I 10-O)lgtiltaltt _ afbullbull otf I~ ~ Ihlt __of _ tK of_ Indomiddotmiddot 1_____ roIiy_Ct4Ri - I- Iom Mo _ be ___ dnoiIod cmIiI _ io _ inmiddot_ it IIlt ir 001 P_li - SPE Soampltt _ ill _ i _ W ~ SytLIlwole Sooult - __nI subtltripOOo _on hch _ gtlm lthoc __ lie of h~ 1 -ainbullbull ocaa 1 0 h i by dolt onmiddot i~ in Ided W bull ) -tho tlto CDS ond ( lPOabIcJ TMS LItlt r_1 rom of iI altIIooJ _flmw~ id 11 1lt ( dolt Itltfolaquo QI -d 011 f_ _I lt011 J bull I lth-t 01 _ J laquoWLfILltIgt _ n _ _-- _of CVS_middotoe _of5) d s middot i _ _w__ ~I)middot 1lltuoock

_ io _ io pori ~IO - ooeIIict of _ ___ 1hM 75 h io i Ia s- 50lt -- __ _ Itlt ot fOjW pooo lti I __ of Rltr_ OloIipo_nd io oil - _ ~ Itlt lfNltirtt __ paoy J lito _ of Iooios)_booy_ _ lIltfudlonlolio_cLLOI- I

S~ s_ rremi gtOld tt ltgtton iI i i) bull__ hflod bu)- (QIBomiddot) Mole I SoltoriIoo of 19J) k t (LItlt Scort ) (and in io limjllaquol -~ UOIiaJ olaquorodiltltl io- _ Megu 0 1 ) if r-o- (QoHnI 10 ) Ohio i oISoaioo 2101) of dolt lt Clt I ) Aco of I~ (___ CamP1 AltI) lt10 of Us ~ or 11raquo_U5 _- a n S _Altt

of t IId-ttmaIigtaSPE~ BSO h _lot ito offi-_ I bull _ of of sPIl_otAIIS p bullbull _0lti___ n _ YY~SPt

- IIS for _ of iLoil _ iltfy __ - olgtIipi A -oI_ ~n I __ opmiddot SPE_ SS q LItlt ioo lt1111lt _ _ S pltrioltI gtpltoojnamp DoWlthlt BonIt Lbo_0lt k ofhe SPE _ I IIlt undcrCy Mr QIipi-J - OS it bullbullM

P_ Illtuho IWoI oltowJ mwIlti maLinl aci in n of SPE Nolaquolt io Ito Iioo difiL1oo ofSPE - ADS ~tJY 100 _ _in A ~ laquoltIaio of_ ~ hlt clkIltd I)-Itt S)_ hS typiltoItt - _ - U ~_ LItlt __ _ S~ 5ltlt000__ PL- k_

IL __ P

lloCu 100 1 PL d Mull ___ ~1B 01 Secwit Altt Ioi MLItd_ Slaquotioo ~ I oflloo OoltJIf1 middot11 _ kef C _100 Aclt of 2010 (ilk middotDooU-rk ~ - _ - poi ItJ _ tho of Seolt 621 plaquo61bO _wiImotioo pori _ ___11y _linamp middotboltklaquol urltilti ( middot ASSmiddot ) iI fiI Of dltf~ M h porIkl_ bonltf II-om ihlt _ it- r I Mltolaquo flti(oltIy C _ ido C itk _ _ _flOlt of intr f _ ttik _yf_ middot of _ III of PL 1M _If_ YWC- bell - ___of I m ___ -d lilt _ llB -d I PL I Mul

IZl _ bullbull -___ bullbull_~_Iy - = ond oIJltrioot ~

oc _ r___ __ oppIQIOtoy d R

uogt __ riblaquo Jomo (i) St_ 5olti _ 0 -pIIooo _ - - 10 and d 7KW -n ~~ (ii) _fi of plttSltnoN by S)~hltt s i1) Jflt5ltO Y oon -01r of on u~) pool of by bull _ j ipoM tQ CIIon iI SPIl F_S)IIIhltIilt ScltUao _pd by VoltJI1oo lion (i)_ 1fMcal1) be _1IiltII 50 MI- _od kgtt at Ionfol _~ 11_ of one or ir -0I0d) lull __of ftiltaof~ pi bys_ __-_l0ltIIltltI 5 byoophigto- -

bull r~Dlt t r _lIoh CI _S_s _ _ 1) 0( bull 7 1~_IIrC ) _ 0 _ 4)_(__ _ _bullbull 100 _ _0_ - _

I I plto d bIo lOpon s shy_of rioamp(J ~ d Sot iO_ ho __ n eIflaquolt oIoiIOy oIr ___ LOti pooltrlt ~ ~ilt~ will io 00 0lt_ od_ffm 1Mi1y tot i anlt banllenltlio bull -oly (O i _ madlt gtomro) - I) tho pIJltgtlOOd Rule _ily dioorioo i raquo__ilt ion _ bull __ n port be __ - (1 by difoct _ bull - undri) ltef ObI bullIIiIoltfl lten (DS _II dio Itofoo_ ~ _101 r _0-1_ boo pon _oIodby_arss_

__ dlo rn bull y_oc - _ Oltfigtiftoo _ do _ __ an -M _ _ __ Dc = __ ~ _ yen f___ I laquo by~ raquoilt d by n Iy _ ( p- Roo io _ lt~ nltft - _n olloodl potlr rioL lt)-_iy ~ i I i~inl doe -imiddot1) _ I oooitiil 01 port _ _O)_ilt ~ ~h moy ~ii be wtIy --__ 1 i ~ =_ n a )_ fl Mol ( ) f _I) ron 01 lIN 100 ()t~ 11y d ~iIe Ooliy _ioooo _ail) 1_)_ y Offlt

_ prioooo) 1gt PI oed IUIlt _ _ _ ~ ItId beooef _~ foil 0 _ (a r __ _1 --- It 100 middot io ~_ dolt rol middot - -S _ Sedino of ~ Act

a_middot_middotmiddot __ _ __ - _0 _-_--shy-- - _ _- - shyiII_ __

bull

IZl In __ T~I~ a s_Son A I_ )1

5 _ Sj-ilt Ic~iaI_ ~ bull _ ~bullbull- 011000 roo tl m _fer o(bull _ GO bull f ioomiddot boa- - _ 0( __ op IOcloolq r _ _ _1 _ S rOo Seci_we -ioI - otlw lion ( f _ iii _ po- ill _ i portfoI ond Ii~ ltOploloryopital li D~ Uoiood StM obrood ho i S)IOhd sc i_ offj risk r- 777 $ oo 10 - ~_ _ bull rgtI _ ode ____ out

middot57a or -Ii- __ Ph middotmiddot_5 - - _bullbullbull bull bull _ - I +) 0lt ~__ 00J 57 _ f _ _ bull 7 =5 S- - ad dfort 0 t _ __ r_ioI __l-of-pbullh~I ~ _ r _ II - - 00 I i~ ill linonltioI ~00_ laquogt0lt ___ St Socwilti hoy Ifotd _My 10 in io beopoIlt sac ith IIgt apocit1c rlaquoIib hidl Ml1 be (noblt io =II 100 odmiontnot or 10101 r 10ltgt iHd 10M _ - oowI 001 _ 10 moy i be lttill -

Empllt 1 row wiooi of I)beltilt ADS _ in ich _ jut pano_ to JIngtIltltI r SP6 - bull CDS Tho-- loy ~ of OJ 0 0 bullbullbull - I c-~ on from -olb 100 1gt1lt (E- i JAn

M JII) ~Iy (E )C JD~ oot _ I_ 17 C __ bullbull b_~_~ ~~ _ _lI io $ S)_Socorio_ Ow _ laquo~ i lD _ fo $I JC i - _ bullbullconltcI - Ifioeof --y

_00 bullbull= ___1 bull-)_ - ( d -~0- _ __ )00lt __ -r_ __ C__lt-OOI on ro OX_ _ ___

-___ -) ---- bull bull j _010_ _ _ _ _ -__OS [ M m_- ______ u -____ _ - - I -i -_bullbull_ _ to Ij ______u

- ~ FI P ___

bull

_ IZ1

rmiddot i bull 7 J~__Id_to bullbull policy 0lt _ ~__ bullbull~~ _ - Fgt l 8 no _50 __ of on PI for _ oode ~ io lt0 t iIII _J_ of tI ondlt p of an ADS doto _ PlY -~ 0lt1M lIy m 1 _n of The __h lttlaquotptlttaIioo _ oIolt~ 111lt ptOolbio PFn1 hot _kI It 0- bullbulllt11 _ _nilaquo 01 i _ iIIo _0_ ond r in lt of _ pmhi_ ~ _ 1 jmiddot~ioo riogt ~-_ lt~ iXn

__ Socriooo afr(dIl(C) DocW-F Acos ely _iii bal _ lm oeM io P- ___12 is $

pooiI_ _ II S of_eobIy__ -~ - ~r _ 4 7 -I _ _ _ ~ or _

PocY Sy____klt_ -- _ 101_) doprio 0 ampni ( - r1 ) of_ - I 0001 _ 10 _ pltimooy _ Of MOrt ON to bon lidiIy io ltIIlt CltOltIilt lt1bull 11) 111 ~ in d imibie pgtlicy oIgtjoctj~_ b) r II _ion 11amp _ilt fJocI S)IIIIItblt- Stltnwo_ 01 IIlt pro If ked 61)lt oood _ of lot i ~ ~ fooo i~ _ IIgtlt IfltIpoood Roloamp roll) I 1raquo(77 ~ ____ IlIlt j bullbull --d -- ~ O)r -- ootolto d LIo bull bull _ _ 01 _

IV n ~Io 0 I pound_01) 0 u_bullbull _riltt iTo_Tn-- 01 101_

WiIlto 0ltuIgtlt1gtlt BW _S~ s _ io wi - 1gt1- on tlgtlt Rlt_ PonfOl n S~ 5laquo ~ 01 r_ r_ ouho ~ 0 S) surint _ _ t 0 ~i Of bullbull of bull Of po woo 1gt0 Ibullbull _ _orii_ otN bull f~ io of ~ atoIi (__ _r1y fur 11lt 01 IOC~ ( lt10 odo ) 10 SPE dI _ IIS l rioLol- II __-- lt TS04_1)10 US- Ioo

bull

_ ~I ___- _ bull iomiddot_01_ __iIh_ riO 0 lortfoIio s 5_ Sot -~ _ 01 _ (t)( ay he 01 ~ ra- JIOY raquo obi Ihr RoIL ObIpco) dolt Re_Ponfolio Of IIBS CDS 10 Ihe - $)two Slaquoriizoo _ _ If imiddot Iy -1 _ ~ bulloJ fontI of 1110 101 Ii ritt inlly diffltmt P0kW) oqushy

II doo~o 1Ot flit dMd I twt~ the )1 01 __L_ rmiddot j Of]8 OOIdlC iltIet lw __ ~ _- _ lt1ft - _14 ollocti1y __ stoO SocwiIiDt Ocootolthlt 6oM io _ _ r____ i (aa - _1 ___0)_ ltoo=8S- middot 4b gt 7

ctaIouolllor __ Ir _b- v~_ p y t t - - __ _ ___flyLoow _of __ in up ~ _ ioo Lioo s sbull __loOt ItIdJ io bull __ offtltoly _i alllOfJo f_I _11y _ __ Md offtltoly l i~ Syic Sec i 10 r ltAC~1y de_ hInn The Commin iIlf P 1__ T of 1 Id KIo 1lt ~ y be po ible dipoIo eitlt--s hh wili P-ipono I tIIlt-t)f ltOiplly ooqitltd r __ I~ pound -1 )11) _ ltitltbullbullbull J io __ dolt _~ ponilt~ k- ~ _j 10lt IP of=- AIISi~_ r I Xl-

Ao J_fooII)_ V- bull-S sninbull iI___ m bullbull -~ __ bullbull bullbullbull bull _F euoI- ___ _ bull F

_ S_SOC- __ be I-- I ~__i ___ 11lt_ ~~io -0 Ill b aood oipiIshy-1 _ ltgt00l0I ~_Iyblt _ b) ~ - _ Y d

)_ ___rl) oq b - no i ltgtIolti Iooy ~ ~ _ y o-u 1100II -Jy beln 5ynt s~wioo 1nh ~ _ niltt of _ ro b _ bull ~ onlt hh rlaquogtlt _ laquolt-gtno and rid lt1_ be hodlaquo t ~ Mo le w ltIigt tU MY _ 10 be p - by proIltitgtit_ por1iltlotiy oil _ ~ fgtIi diolt ~ _ of _nicb _ ioo __ ood

II bull 1OIio aood _bullbull iPy 1 io tlt~ II 1ltII_ _1y_ 1IIIIltrilt _0 ~ I ilt _i of _ ok I - fK_ ~ - i _ rioI ~ bull =d _ ~ ~ _ e_ hi -V no k so k_ blt_ ~ s ~middot 10 itkono ltrX1y - _ r _ clu middot f OPiI) I 1IiIcd _ f

I of itlt -it __ oowId tibullbull DooIUc n or _ - ltif bull bull bull m l my i Ion ltif oold -lt) ~ x of IIgtlt SPE Nolobull

bull shy _ Uc__

IZl In __ T~I~ a s_Son A I_ )1

5 _ Sj-ilt Ic~iaI_ ~ bull _ ~bullbull- 011000 roo tl m _fer o(bull _ GO bull f ioomiddot boa- - _ 0( __ op IOcloolq r _ _ _1 _ S rOo Seci_we -ioI - otlw lion ( f _ iii _ po- ill _ i portfoI ond Ii~ ltOploloryopital li D~ Uoiood StM obrood ho i S)IOhd sc i_ offj risk r- 777 $ oo 10 - ~_ _ bull rgtI _ ode ____ out

middot57a or -Ii- __ Ph middotmiddot_5 - - _bullbullbull bull bull _ - I +) 0lt ~__ 00J 57 _ f _ _ bull 7 =5 S- - ad dfort 0 t _ __ r_ioI __l-of-pbullh~I ~ _ r _ II - - 00 I i~ ill linonltioI ~00_ laquogt0lt ___ St Socwilti hoy Ifotd _My 10 in io beopoIlt sac ith IIgt apocit1c rlaquoIib hidl Ml1 be (noblt io =II 100 odmiontnot or 10101 r 10ltgt iHd 10M _ - oowI 001 _ 10 moy i be lttill -

Empllt 1 row wiooi of I)beltilt ADS _ in ich _ jut pano_ to JIngtIltltI r SP6 - bull CDS Tho-- loy ~ of OJ 0 0 bullbullbull - I c-~ on from -olb 100 1gt1lt (E- i JAn

M JII) ~Iy (E )C JD~ oot _ I_ 17 C __ bullbull b_~_~ ~~ _ _lI io $ S)_Socorio_ Ow _ laquo~ i lD _ fo $I JC i - _ bullbullconltcI - Ifioeof --y

_00 bullbull= ___1 bull-)_ - ( d -~0- _ __ )00lt __ -r_ __ C__lt-OOI on ro OX_ _ ___

-___ -) ---- bull bull j _010_ _ _ _ _ -__OS [ M m_- ______ u -____ _ - - I -i -_bullbull_ _ to Ij ______u

- ~ FI P ___

bull

_ IZ1

rmiddot i bull 7 J~__Id_to bullbull policy 0lt _ ~__ bullbull~~ _ - Fgt l 8 no _50 __ of on PI for _ oode ~ io lt0 t iIII _J_ of tI ondlt p of an ADS doto _ PlY -~ 0lt1M lIy m 1 _n of The __h lttlaquotptlttaIioo _ oIolt~ 111lt ptOolbio PFn1 hot _kI It 0- bullbulllt11 _ _nilaquo 01 i _ iIIo _0_ ond r in lt of _ pmhi_ ~ _ 1 jmiddot~ioo riogt ~-_ lt~ iXn

__ Socriooo afr(dIl(C) DocW-F Acos ely _iii bal _ lm oeM io P- ___12 is $

pooiI_ _ II S of_eobIy__ -~ - ~r _ 4 7 -I _ _ _ ~ or _

PocY Sy____klt_ -- _ 101_) doprio 0 ampni ( - r1 ) of_ - I 0001 _ 10 _ pltimooy _ Of MOrt ON to bon lidiIy io ltIIlt CltOltIilt lt1bull 11) 111 ~ in d imibie pgtlicy oIgtjoctj~_ b) r II _ion 11amp _ilt fJocI S)IIIIItblt- Stltnwo_ 01 IIlt pro If ked 61)lt oood _ of lot i ~ ~ fooo i~ _ IIgtlt IfltIpoood Roloamp roll) I 1raquo(77 ~ ____ IlIlt j bullbull --d -- ~ O)r -- ootolto d LIo bull bull _ _ 01 _

IV n ~Io 0 I pound_01) 0 u_bullbull _riltt iTo_Tn-- 01 101_

WiIlto 0ltuIgtlt1gtlt BW _S~ s _ io wi - 1gt1- on tlgtlt Rlt_ PonfOl n S~ 5laquo ~ 01 r_ r_ ouho ~ 0 S) surint _ _ t 0 ~i Of bullbull of bull Of po woo 1gt0 Ibullbull _ _orii_ otN bull f~ io of ~ atoIi (__ _r1y fur 11lt 01 IOC~ ( lt10 odo ) 10 SPE dI _ IIS l rioLol- II __-- lt TS04_1)10 US- Ioo

bull

_ ~I ___- _ bull iomiddot_01_ __iIh_ riO 0 lortfoIio s 5_ Sot -~ _ 01 _ (t)( ay he 01 ~ ra- JIOY raquo obi Ihr RoIL ObIpco) dolt Re_Ponfolio Of IIBS CDS 10 Ihe - $)two Slaquoriizoo _ _ If imiddot Iy -1 _ ~ bulloJ fontI of 1110 101 Ii ritt inlly diffltmt P0kW) oqushy

II doo~o 1Ot flit dMd I twt~ the )1 01 __L_ rmiddot j Of]8 OOIdlC iltIet lw __ ~ _- _ lt1ft - _14 ollocti1y __ stoO SocwiIiDt Ocootolthlt 6oM io _ _ r____ i (aa - _1 ___0)_ ltoo=8S- middot 4b gt 7

ctaIouolllor __ Ir _b- v~_ p y t t - - __ _ ___flyLoow _of __ in up ~ _ ioo Lioo s sbull __loOt ItIdJ io bull __ offtltoly _i alllOfJo f_I _11y _ __ Md offtltoly l i~ Syic Sec i 10 r ltAC~1y de_ hInn The Commin iIlf P 1__ T of 1 Id KIo 1lt ~ y be po ible dipoIo eitlt--s hh wili P-ipono I tIIlt-t)f ltOiplly ooqitltd r __ I~ pound -1 )11) _ ltitltbullbullbull J io __ dolt _~ ponilt~ k- ~ _j 10lt IP of=- AIISi~_ r I Xl-

Ao J_fooII)_ V- bull-S sninbull iI___ m bullbull -~ __ bullbull bullbullbull bull _F euoI- ___ _ bull F

_ S_SOC- __ be I-- I ~__i ___ 11lt_ ~~io -0 Ill b aood oipiIshy-1 _ ltgt00l0I ~_Iyblt _ b) ~ - _ Y d

)_ ___rl) oq b - no i ltgtIolti Iooy ~ ~ _ y o-u 1100II -Jy beln 5ynt s~wioo 1nh ~ _ niltt of _ ro b _ bull ~ onlt hh rlaquogtlt _ laquolt-gtno and rid lt1_ be hodlaquo t ~ Mo le w ltIigt tU MY _ 10 be p - by proIltitgtit_ por1iltlotiy oil _ ~ fgtIi diolt ~ _ of _nicb _ ioo __ ood

II bull 1OIio aood _bullbull iPy 1 io tlt~ II 1ltII_ _1y_ 1IIIIltrilt _0 ~ I ilt _i of _ ok I - fK_ ~ - i _ rioI ~ bull =d _ ~ ~ _ e_ hi -V no k so k_ blt_ ~ s ~middot 10 itkono ltrX1y - _ r _ clu middot f OPiI) I 1IiIcd _ f

I of itlt -it __ oowId tibullbull DooIUc n or _ - ltif bull bull bull m l my i Ion ltif oold -lt) ~ x of IIgtlt SPE Nolobull

bull shy _ Uc__

_ IZ1

rmiddot i bull 7 J~__Id_to bullbull policy 0lt _ ~__ bullbull~~ _ - Fgt l 8 no _50 __ of on PI for _ oode ~ io lt0 t iIII _J_ of tI ondlt p of an ADS doto _ PlY -~ 0lt1M lIy m 1 _n of The __h lttlaquotptlttaIioo _ oIolt~ 111lt ptOolbio PFn1 hot _kI It 0- bullbulllt11 _ _nilaquo 01 i _ iIIo _0_ ond r in lt of _ pmhi_ ~ _ 1 jmiddot~ioo riogt ~-_ lt~ iXn

__ Socriooo afr(dIl(C) DocW-F Acos ely _iii bal _ lm oeM io P- ___12 is $

pooiI_ _ II S of_eobIy__ -~ - ~r _ 4 7 -I _ _ _ ~ or _

PocY Sy____klt_ -- _ 101_) doprio 0 ampni ( - r1 ) of_ - I 0001 _ 10 _ pltimooy _ Of MOrt ON to bon lidiIy io ltIIlt CltOltIilt lt1bull 11) 111 ~ in d imibie pgtlicy oIgtjoctj~_ b) r II _ion 11amp _ilt fJocI S)IIIIItblt- Stltnwo_ 01 IIlt pro If ked 61)lt oood _ of lot i ~ ~ fooo i~ _ IIgtlt IfltIpoood Roloamp roll) I 1raquo(77 ~ ____ IlIlt j bullbull --d -- ~ O)r -- ootolto d LIo bull bull _ _ 01 _

IV n ~Io 0 I pound_01) 0 u_bullbull _riltt iTo_Tn-- 01 101_

WiIlto 0ltuIgtlt1gtlt BW _S~ s _ io wi - 1gt1- on tlgtlt Rlt_ PonfOl n S~ 5laquo ~ 01 r_ r_ ouho ~ 0 S) surint _ _ t 0 ~i Of bullbull of bull Of po woo 1gt0 Ibullbull _ _orii_ otN bull f~ io of ~ atoIi (__ _r1y fur 11lt 01 IOC~ ( lt10 odo ) 10 SPE dI _ IIS l rioLol- II __-- lt TS04_1)10 US- Ioo

bull

_ ~I ___- _ bull iomiddot_01_ __iIh_ riO 0 lortfoIio s 5_ Sot -~ _ 01 _ (t)( ay he 01 ~ ra- JIOY raquo obi Ihr RoIL ObIpco) dolt Re_Ponfolio Of IIBS CDS 10 Ihe - $)two Slaquoriizoo _ _ If imiddot Iy -1 _ ~ bulloJ fontI of 1110 101 Ii ritt inlly diffltmt P0kW) oqushy

II doo~o 1Ot flit dMd I twt~ the )1 01 __L_ rmiddot j Of]8 OOIdlC iltIet lw __ ~ _- _ lt1ft - _14 ollocti1y __ stoO SocwiIiDt Ocootolthlt 6oM io _ _ r____ i (aa - _1 ___0)_ ltoo=8S- middot 4b gt 7

ctaIouolllor __ Ir _b- v~_ p y t t - - __ _ ___flyLoow _of __ in up ~ _ ioo Lioo s sbull __loOt ItIdJ io bull __ offtltoly _i alllOfJo f_I _11y _ __ Md offtltoly l i~ Syic Sec i 10 r ltAC~1y de_ hInn The Commin iIlf P 1__ T of 1 Id KIo 1lt ~ y be po ible dipoIo eitlt--s hh wili P-ipono I tIIlt-t)f ltOiplly ooqitltd r __ I~ pound -1 )11) _ ltitltbullbullbull J io __ dolt _~ ponilt~ k- ~ _j 10lt IP of=- AIISi~_ r I Xl-

Ao J_fooII)_ V- bull-S sninbull iI___ m bullbull -~ __ bullbull bullbullbull bull _F euoI- ___ _ bull F

_ S_SOC- __ be I-- I ~__i ___ 11lt_ ~~io -0 Ill b aood oipiIshy-1 _ ltgt00l0I ~_Iyblt _ b) ~ - _ Y d

)_ ___rl) oq b - no i ltgtIolti Iooy ~ ~ _ y o-u 1100II -Jy beln 5ynt s~wioo 1nh ~ _ niltt of _ ro b _ bull ~ onlt hh rlaquogtlt _ laquolt-gtno and rid lt1_ be hodlaquo t ~ Mo le w ltIigt tU MY _ 10 be p - by proIltitgtit_ por1iltlotiy oil _ ~ fgtIi diolt ~ _ of _nicb _ ioo __ ood

II bull 1OIio aood _bullbull iPy 1 io tlt~ II 1ltII_ _1y_ 1IIIIltrilt _0 ~ I ilt _i of _ ok I - fK_ ~ - i _ rioI ~ bull =d _ ~ ~ _ e_ hi -V no k so k_ blt_ ~ s ~middot 10 itkono ltrX1y - _ r _ clu middot f OPiI) I 1IiIcd _ f

I of itlt -it __ oowId tibullbull DooIUc n or _ - ltif bull bull bull m l my i Ion ltif oold -lt) ~ x of IIgtlt SPE Nolobull

bull shy _ Uc__

_ ~I ___- _ bull iomiddot_01_ __iIh_ riO 0 lortfoIio s 5_ Sot -~ _ 01 _ (t)( ay he 01 ~ ra- JIOY raquo obi Ihr RoIL ObIpco) dolt Re_Ponfolio Of IIBS CDS 10 Ihe - $)two Slaquoriizoo _ _ If imiddot Iy -1 _ ~ bulloJ fontI of 1110 101 Ii ritt inlly diffltmt P0kW) oqushy

II doo~o 1Ot flit dMd I twt~ the )1 01 __L_ rmiddot j Of]8 OOIdlC iltIet lw __ ~ _- _ lt1ft - _14 ollocti1y __ stoO SocwiIiDt Ocootolthlt 6oM io _ _ r____ i (aa - _1 ___0)_ ltoo=8S- middot 4b gt 7

ctaIouolllor __ Ir _b- v~_ p y t t - - __ _ ___flyLoow _of __ in up ~ _ ioo Lioo s sbull __loOt ItIdJ io bull __ offtltoly _i alllOfJo f_I _11y _ __ Md offtltoly l i~ Syic Sec i 10 r ltAC~1y de_ hInn The Commin iIlf P 1__ T of 1 Id KIo 1lt ~ y be po ible dipoIo eitlt--s hh wili P-ipono I tIIlt-t)f ltOiplly ooqitltd r __ I~ pound -1 )11) _ ltitltbullbullbull J io __ dolt _~ ponilt~ k- ~ _j 10lt IP of=- AIISi~_ r I Xl-

Ao J_fooII)_ V- bull-S sninbull iI___ m bullbull -~ __ bullbull bullbullbull bull _F euoI- ___ _ bull F

_ S_SOC- __ be I-- I ~__i ___ 11lt_ ~~io -0 Ill b aood oipiIshy-1 _ ltgt00l0I ~_Iyblt _ b) ~ - _ Y d

)_ ___rl) oq b - no i ltgtIolti Iooy ~ ~ _ y o-u 1100II -Jy beln 5ynt s~wioo 1nh ~ _ niltt of _ ro b _ bull ~ onlt hh rlaquogtlt _ laquolt-gtno and rid lt1_ be hodlaquo t ~ Mo le w ltIigt tU MY _ 10 be p - by proIltitgtit_ por1iltlotiy oil _ ~ fgtIi diolt ~ _ of _nicb _ ioo __ ood

II bull 1OIio aood _bullbull iPy 1 io tlt~ II 1ltII_ _1y_ 1IIIIltrilt _0 ~ I ilt _i of _ ok I - fK_ ~ - i _ rioI ~ bull =d _ ~ ~ _ e_ hi -V no k so k_ blt_ ~ s ~middot 10 itkono ltrX1y - _ r _ clu middot f OPiI) I 1IiIcd _ f

I of itlt -it __ oowId tibullbull DooIUc n or _ - ltif bull bull bull m l my i Ion ltif oold -lt) ~ x of IIgtlt SPE Nolobull

bull shy _ Uc__

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IZ1 nl of Iht Rrl- 0bI- _ pagtgtlaquoI to =lton no -J by SPE ( di UM) A io 5)11gtlt0 Socurili _ l in h Of1I of riol of odmiddot petIJnnanlt of ~ Iud t of ptitgtcipol or fIlOIgttary ltlltf1I woo be 1Ud m 0 amprtk in SPE- dOiy The_ bmltfit ~bull 1eI oc h _ -_ bull lted 0) tho CDS _laquoraquo 0ltuIgtlt1gtr Ilonk IIgtlt SPE _ really mili 010 1000 _ i igtJly io~_1e from tbe beltoltf ~ would 1000 =ltive r 0 igto- d 1lt gtlt11bull Ie parIpaI Y or f-of _ I)inl 1 igt poIky kI trtOl _iom ditTlaquoIy ploo1y hlto It S~ ioo bono rot boltinltolt of mihpli igt1 100 000 bolallclt -t

h gthook MvoOer be IIOIlaquoi Ie P uonflaquo or Kfelaquonlaquo Oblip SPE il l lihl) incl oW bull oihltgtnol ro and 001laquo ditrh i effltinlaquo Id bull S)~IgtltIilt whll oddw 1lt1 ohilm) Ix home by middoton in he _ities iw by SPF- sdI 101 100 y 00gt1 asgtolt~

fm Rfeltenclt ObIi SPE h rongteol r _ ~ frltgt om of I doc _b iodiiduaI rgtmflaquo io ~ U prov i ifood _lt1J-0ng doltummltgttion ltIlt Sole and portieiio ltypicolly 11 bornmiddot- _ MIe COS t~F ~ _r ic nl i do noI Synohltic Sltci otiV- Of -w by owlgtlt fIook 1)liuIly I ootpOnte lt~i Whm __ ltlteditbull t~1y ~ to Inngtf and to oonw -iut rorpIIgtIlt ltltedilbull gltnltn11y dimK and i to ~r ond ltOn urilOud only io )mie My 000fgt0I _ moy i ll11 to _ trwlgtr of 1000 to gtII SPf blaquo dillk y falaquo dealioamp ~ SPE if 1hlty oeo to modify 00- _It_dolaquo oddiOOft 00 OS ~igtlt_ ngtDlaquo fUlly Pgtru III Mol IVmiddotbullbull Dlaquol11lt _ IgtltI~ lthot IIlt IropoooltI Rule ond I~ os ltunnoI dnfltltl will ~ itgt biljlty to goglt Synlhltlic Sociion~ ~Ie itti thltt it 10 be coodlaquoIlhroogll ron 0 of bulllToeti _ h bull lgtlltt prohibit i 0 laquoraquoIS 10 iinrI 0 Mol i onlt to bullbullIy l im bull middotluabIe -= of ke1 liquidity 1gtile provid11 oltIdilionai 1 10 bull

~~ bhot botIl lit ion by or m of porticgtrI 0( SPE 1lt 1 ASS du ~I _iof Synthlttic Soc Of _ offer and hlt ~ of h SPE _I AilS Ihrougll ft modltt_k~ it -I1e liquidjlty f for

and onlt Id noI be prdod f)nrt1gtlt Ilonk i~ bullpropridamplt) rooil h SPF N- lA BS (00- 0 UfIdltrii Rfltmgtlt Ogtli ) middot 1 tradi~ om AlaquoltJnInlly ~ I Id be bIlt riflaquo oollt of uMoId ll_ of _urni JO JltUinlaquolandl 11 bJ- _ of )~lhltIic In o-n ~lt middot imiddot Iigtlt SPE Nore 1 ABS lt hnlt ookI Ito v Iy diopgtOio~ ofraquolt1gt dud RUiood H of m molng and riliyen i

UndeT I_ies Ia bull iltgtteo io _if 01 IIe 01 100 gtltloll or polaquonioI conflictlt 0( of - the SPE the -inl or Ion ooId ltted proOelt1 on Oom ou Bon doe beliegt flo Minl Syndllttic Soci fur of R1e hillt plt il 00000III11y inltgulhable ion ilO

bull

lZI bull b Ok _ _ a io of

_) 101 _ _ __ f __ D -s) 5___ _

utod IOQl80lt1f in __ - ) _us - _ - (1 illgt oripoot_ pltgtiltits pnoltIOlta 01 r- _ _ I -Ik) AI 00Iltd M _~ of och 5)_ Seaorioi

- II) 1)0 B dod w ltgt~ dilltlosltn inchodi oopo of I ODd r1 e[)s n oppIOoabIe 00bull oplaquoif)i oil Rerlt OIgtIfIO -0 ond _ bull bull

A __sPf_ ~Iy_fi) ofpolt - _ ) __ (or 7 _ 001 Ioo~ lirolt br_

otr _ ill - SIfio 100 - _ _ i iI)-lOMU dolt di _ 100 ua_ ~ 0hoIl_ raodilt _ __Ifilt lot bullbull OWiiooo ___ ar_ atr _e 0(_

7

- =_ q __01 gtoW -r_ w kiooo~ In ado dnoIIod lt_ icIod io_ io ___I) bh _ _ 01-~

Pi Iibullbull _ willo d _ p S)nthtblt

5laquo Mol Iflt _ ltOf boltripoioo ~ n di _ IIgtlt riu r u_ -I iltII I -oM txpflt ocIIIOWIod_ 0CltqlIMgtlaquo of _h rijl by dOOo Protjgtoltil JIfOltIed willi ttU) of U of cos ( appIQbIo) TRS ilia r-l OoIIIs of ~ wido oIl ilgt (olud Rtr ~ ao6 all r__ ) I ~ dioclooon ofOltbialMd __ ltaof( of _ vmho 1IoooL _n of COS of SyS i _ 11lt_ -dtyOo Bool hoIot _Ioodfl _I lIiIof middot ll floIi) bull - 1M1odpd-d _d riras by _

or bull f _ OOFILiriOed ~ _1IoIIy __ oflo eds_ __

__ to 01111) rl ___ iLI -h _ ~ Mrnrna ObIip bullbull _iIY (aood 101 _ ~ _ioo and ay r ip ofho ~~ObIip__ hoi hoy hol ~ 1110 Iao _ olltho llank is inl miPI_ toyor _ ilia ~ ens ~- i ll Iflaquo 100 in C1I of i in _ _tl R__01 ~II - bull -- _ latty lteIn- 0001-1 ion 1laquo of RtfO ObI_middot _ of bullbull 1 Tho fe I itgtoI - _I) ioe _ _ -00 _ typltalI) - I io bull __ ionaI _il I 1_ of s- ~ - __ __ - La _iLI_ gt _boot

_ font - l)mllt _ ~bel too C__ i h rnol ~ blo 12m oITmoth1) - hoi S)io 50lt of ypo

toy IIoutotho BAnk me Rule Inll lIltopOlt of hltIhlaquo _ I)

oeIolt1ed f bull fl-itt l 101000 fttmlt1II nfoio ooqorN b of eIfltct 1M 5gt00 5elt Y ob of bodo -r f Ciooioo beI- too 1IIa __- ofSotiltw ~1 ~ illO_ s_ llt sc- _ILl ion 1) _ ioor - OOQI of I _ be C_

IZ1 nl of Iht Rrl- 0bI- _ pagtgtlaquoI to =lton no -J by SPE ( di UM) A io 5)11gtlt0 Socurili _ l in h Of1I of riol of odmiddot petIJnnanlt of ~ Iud t of ptitgtcipol or fIlOIgttary ltlltf1I woo be 1Ud m 0 amprtk in SPE- dOiy The_ bmltfit ~bull 1eI oc h _ -_ bull lted 0) tho CDS _laquoraquo 0ltuIgtlt1gtr Ilonk IIgtlt SPE _ really mili 010 1000 _ i igtJly io~_1e from tbe beltoltf ~ would 1000 =ltive r 0 igto- d 1lt gtlt11bull Ie parIpaI Y or f-of _ I)inl 1 igt poIky kI trtOl _iom ditTlaquoIy ploo1y hlto It S~ ioo bono rot boltinltolt of mihpli igt1 100 000 bolallclt -t

h gthook MvoOer be IIOIlaquoi Ie P uonflaquo or Kfelaquonlaquo Oblip SPE il l lihl) incl oW bull oihltgtnol ro and 001laquo ditrh i effltinlaquo Id bull S)~IgtltIilt whll oddw 1lt1 ohilm) Ix home by middoton in he _ities iw by SPF- sdI 101 100 y 00gt1 asgtolt~

fm Rfeltenclt ObIi SPE h rongteol r _ ~ frltgt om of I doc _b iodiiduaI rgtmflaquo io ~ U prov i ifood _lt1J-0ng doltummltgttion ltIlt Sole and portieiio ltypicolly 11 bornmiddot- _ MIe COS t~F ~ _r ic nl i do noI Synohltic Sltci otiV- Of -w by owlgtlt fIook 1)liuIly I ootpOnte lt~i Whm __ ltlteditbull t~1y ~ to Inngtf and to oonw -iut rorpIIgtIlt ltltedilbull gltnltn11y dimK and i to ~r ond ltOn urilOud only io )mie My 000fgt0I _ moy i ll11 to _ trwlgtr of 1000 to gtII SPf blaquo dillk y falaquo dealioamp ~ SPE if 1hlty oeo to modify 00- _It_dolaquo oddiOOft 00 OS ~igtlt_ ngtDlaquo fUlly Pgtru III Mol IVmiddotbullbull Dlaquol11lt _ IgtltI~ lthot IIlt IropoooltI Rule ond I~ os ltunnoI dnfltltl will ~ itgt biljlty to goglt Synlhltlic Sociion~ ~Ie itti thltt it 10 be coodlaquoIlhroogll ron 0 of bulllToeti _ h bull lgtlltt prohibit i 0 laquoraquoIS 10 iinrI 0 Mol i onlt to bullbullIy l im bull middotluabIe -= of ke1 liquidity 1gtile provid11 oltIdilionai 1 10 bull

~~ bhot botIl lit ion by or m of porticgtrI 0( SPE 1lt 1 ASS du ~I _iof Synthlttic Soc Of _ offer and hlt ~ of h SPE _I AilS Ihrougll ft modltt_k~ it -I1e liquidjlty f for

and onlt Id noI be prdod f)nrt1gtlt Ilonk i~ bullpropridamplt) rooil h SPF N- lA BS (00- 0 UfIdltrii Rfltmgtlt Ogtli ) middot 1 tradi~ om AlaquoltJnInlly ~ I Id be bIlt riflaquo oollt of uMoId ll_ of _urni JO JltUinlaquolandl 11 bJ- _ of )~lhltIic In o-n ~lt middot imiddot Iigtlt SPE Nore 1 ABS lt hnlt ookI Ito v Iy diopgtOio~ ofraquolt1gt dud RUiood H of m molng and riliyen i

UndeT I_ies Ia bull iltgtteo io _if 01 IIe 01 100 gtltloll or polaquonioI conflictlt 0( of - the SPE the -inl or Ion ooId ltted proOelt1 on Oom ou Bon doe beliegt flo Minl Syndllttic Soci fur of R1e hillt plt il 00000III11y inltgulhable ion ilO

bull

lZI bull b Ok _ _ a io of

_) 101 _ _ __ f __ D -s) 5___ _

utod IOQl80lt1f in __ - ) _us - _ - (1 illgt oripoot_ pltgtiltits pnoltIOlta 01 r- _ _ I -Ik) AI 00Iltd M _~ of och 5)_ Seaorioi

- II) 1)0 B dod w ltgt~ dilltlosltn inchodi oopo of I ODd r1 e[)s n oppIOoabIe 00bull oplaquoif)i oil Rerlt OIgtIfIO -0 ond _ bull bull

A __sPf_ ~Iy_fi) ofpolt - _ ) __ (or 7 _ 001 Ioo~ lirolt br_

otr _ ill - SIfio 100 - _ _ i iI)-lOMU dolt di _ 100 ua_ ~ 0hoIl_ raodilt _ __Ifilt lot bullbull OWiiooo ___ ar_ atr _e 0(_

7

- =_ q __01 gtoW -r_ w kiooo~ In ado dnoIIod lt_ icIod io_ io ___I) bh _ _ 01-~

Pi Iibullbull _ willo d _ p S)nthtblt

5laquo Mol Iflt _ ltOf boltripoioo ~ n di _ IIgtlt riu r u_ -I iltII I -oM txpflt ocIIIOWIod_ 0CltqlIMgtlaquo of _h rijl by dOOo Protjgtoltil JIfOltIed willi ttU) of U of cos ( appIQbIo) TRS ilia r-l OoIIIs of ~ wido oIl ilgt (olud Rtr ~ ao6 all r__ ) I ~ dioclooon ofOltbialMd __ ltaof( of _ vmho 1IoooL _n of COS of SyS i _ 11lt_ -dtyOo Bool hoIot _Ioodfl _I lIiIof middot ll floIi) bull - 1M1odpd-d _d riras by _

or bull f _ OOFILiriOed ~ _1IoIIy __ oflo eds_ __

__ to 01111) rl ___ iLI -h _ ~ Mrnrna ObIip bullbull _iIY (aood 101 _ ~ _ioo and ay r ip ofho ~~ObIip__ hoi hoy hol ~ 1110 Iao _ olltho llank is inl miPI_ toyor _ ilia ~ ens ~- i ll Iflaquo 100 in C1I of i in _ _tl R__01 ~II - bull -- _ latty lteIn- 0001-1 ion 1laquo of RtfO ObI_middot _ of bullbull 1 Tho fe I itgtoI - _I) ioe _ _ -00 _ typltalI) - I io bull __ ionaI _il I 1_ of s- ~ - __ __ - La _iLI_ gt _boot

_ font - l)mllt _ ~bel too C__ i h rnol ~ blo 12m oITmoth1) - hoi S)io 50lt of ypo

toy IIoutotho BAnk me Rule Inll lIltopOlt of hltIhlaquo _ I)

oeIolt1ed f bull fl-itt l 101000 fttmlt1II nfoio ooqorN b of eIfltct 1M 5gt00 5elt Y ob of bodo -r f Ciooioo beI- too 1IIa __- ofSotiltw ~1 ~ illO_ s_ llt sc- _ILl ion 1) _ ioor - OOQI of I _ be C_

lZI bull b Ok _ _ a io of

_) 101 _ _ __ f __ D -s) 5___ _

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or bull f _ OOFILiriOed ~ _1IoIIy __ oflo eds_ __

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_ font - l)mllt _ ~bel too C__ i h rnol ~ blo 12m oITmoth1) - hoi S)io 50lt of ypo

toy IIoutotho BAnk me Rule Inll lIltopOlt of hltIhlaquo _ I)

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IZl Id I iii ampltfIltIOJ eAempO i OOIiloriIy onder Slaquo It of 0 A to 00 bull d_bogtlaquol laquoempt for Syic Seltoriltizalioo of lyplt ondoerto en by 0- IlonI _ 1-1 10 thet (i ) 0 111lt (or IA) and QuoIWtlaquoi No= or (ii) non-US pltHom __ RotuW s

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Cllttitltchlt IIonk oppolaquoibullbullbull)_ 0 ltwi 1IIouampIt 000ClttM I kI ~Iltoollt iIlt _ioy dgtlt ~ ~ Sblfof Com_

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