Arion — Section 12

Section 12 — page 1

Section 12 — page 2

Section 12 — page 3

Section 12 — page 4

Section 12 — page 5

Section 12 — page 6

Section 12 — page 7

Section 12 — page 8

Section 12 — page 9

Section 12 — page 10

Section 12 — page 11

Section 12 — page 12

Section 12 — page 13

Section 12 — page 14

Section 12 — page 15

Section 12 — page 16

Section 12 — page 17

Section 12 — page 18

Section 12 — page 19

Section 12 — page 20

Section 12 — page 21

Section 12 — page 22

Section 12 — page 23

Section 12 — page 24

Section 12 — page 25

Section 12 — page 26

Section 12 — page 27

Section 12 — page 28

Section 12 — page 29

Section 12 — page 30

Section 12 — page 31

Section 12 — page 32

Section 12 — page 33

Section 12 — page 34

Section 12 — page 35

Section 12 — page 36

Section 12 — page 37

Section 12 — page 38

Section 12 — page 39

Section 12 — page 40