<SEC-DOCUMENT>0001193125-22-206662.txt : 20220729
<SEC-HEADER>0001193125-22-206662.hdr.sgml : 20220729
<ACCEPTANCE-DATETIME>20220729162543
ACCESSION NUMBER:		0001193125-22-206662
CONFORMED SUBMISSION TYPE:	S-8
PUBLIC DOCUMENT COUNT:		11
FILED AS OF DATE:		20220729
DATE AS OF CHANGE:		20220729
EFFECTIVENESS DATE:		20220729

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			NATUZZI S P A
		CENTRAL INDEX KEY:			0000900391
		STANDARD INDUSTRIAL CLASSIFICATION:	HOUSEHOLD FURNITURE [2510]
		IRS NUMBER:				000000000
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		S-8
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-266414
		FILM NUMBER:		221121130

	BUSINESS ADDRESS:	
		STREET 1:		VIA IAZZITIELLO 47
		CITY:			SANTERAMO ITALY
		STATE:			L6
		ZIP:			70029

	MAIL ADDRESS:	
		STREET 1:		VIA IAZZITIELLO 47
		CITY:			SANTERAMO ITALTY
		STATE:			L6
		ZIP:			999999999

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	NATUZZI INDUSTRIES SPA
		DATE OF NAME CHANGE:	19950823
</SEC-HEADER>
<DOCUMENT>
<TYPE>S-8
<SEQUENCE>1
<FILENAME>d370723ds8.htm
<DESCRIPTION>S-8
<TEXT>
<HTML><HEAD>
<TITLE>S-8</TITLE>
</HEAD>
 <BODY BGCOLOR="WHITE">


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>As filed with the Securities and Exchange Commission on July&nbsp;29, 2022. </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right"><B>Registration No.&nbsp;333-&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </B></P>
<P STYLE="font-size:4pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="line-height:1.0pt;margin-top:0pt;margin-bottom:0pt;border-bottom:1px solid #000000">&nbsp;</P>
<P STYLE="line-height:3.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000">&nbsp;</P> <P STYLE="margin-top:4pt; margin-bottom:0pt; font-size:18pt; font-family:Times New Roman" ALIGN="center"><B>UNITED STATES </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:18pt; font-family:Times New Roman" ALIGN="center"><B>SECURITIES AND EXCHANGE COMMISSION </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B>Washington, D.C. 20549 </B></P> <P STYLE="font-size:8pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><center>
<P STYLE="line-height:6.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000;width:21%">&nbsp;</P></center> <P STYLE="margin-top:8pt; margin-bottom:0pt; font-size:18pt; font-family:Times New Roman" ALIGN="center"><B>FORM <FONT
STYLE="white-space:nowrap">S-8</FONT> </B></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:18pt; font-family:Times New Roman" ALIGN="center"><B>REGISTRATION STATEMENT </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B><I>Under </I></B></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B><I>The
Securities Act of 1933 </I></B></P> <P STYLE="font-size:8pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><center> <P STYLE="line-height:6.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000;width:21%">&nbsp;</P></center>
<P STYLE="margin-top:8pt; margin-bottom:0pt; font-size:24pt; font-family:Times New Roman" ALIGN="center"><B>NATUZZI S.p.A. </B></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>(Exact
Name of Registrant as Specified in Its Charter)</B></P> <P STYLE="font-size:8pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><center>
<P STYLE="line-height:6.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000;width:21%">&nbsp;</P></center> <P STYLE="font-size:8pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:8pt" ALIGN="center">


<TR>

<TD WIDTH="34%"></TD>

<TD VALIGN="bottom"></TD>
<TD WIDTH="32%"></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="32%"></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" ALIGN="center"><B>Republic of Italy</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center"><B>2510</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center"><B>N/A</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="top" ALIGN="center"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>(State or other jurisdiction of</B></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>Incorporation or organization)</B></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>(Primary Standard Industrial</B></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>Classification Code Number)</B></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>(I.R.S. Employer</B></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>Identification No.)</B></P></TD></TR>
</TABLE> <P STYLE="margin-top:8pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Via Iazzitiello 47 </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>70029 Santeramo in Colle, Bari, Italy </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>+39 080 8820 812 </B></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>(Address
of principal executive offices, including zip code)</B></P> <P STYLE="margin-top:8pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Natuzzi 2022-2026 Stock Option Plan </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>(Full Title of the Plan) </B></P>
<P STYLE="margin-top:8pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Natuzzi Americas, Inc. </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>151 West High Avenue </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>High Point, North Carolina 27260 </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Phone: +1 (336) <FONT STYLE="white-space:nowrap">887-8300</FONT> </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>(Name, address and telephone number, including area code, of agent for service )</B></P>
<P STYLE="font-size:8pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><center> <P STYLE="line-height:6.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000;width:21%">&nbsp;</P></center>
<P STYLE="margin-top:8pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B><I>Copies to: </I></B></P> <P STYLE="margin-top:4pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>David
I. Gottlieb </B></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Cleary Gottlieb Steen&nbsp;&amp; Hamilton LLC </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>2 London Wall Place </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>London EC2Y 5AU </B></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>United
Kingdom </B></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Tel.
<FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">No.:&nbsp;011-44-20-7614-2230</FONT></FONT></FONT> </B></P> <P STYLE="font-size:8pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><center>
<P STYLE="line-height:6.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000;width:21%">&nbsp;</P></center> <P STYLE="margin-top:8pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Indicate by check mark whether
the Registrant is a large accelerated filer, an accelerated filer, a <FONT STYLE="white-space:nowrap">non-accelerated</FONT> filer, or a smaller reporting company or an emerging growth company. See the definitions of &#147;large accelerated
filer,&#148; &#147;accelerated filer,&#148; &#147;smaller reporting company,&#148; and &#147;emerging growth company&#148; in Rule <FONT STYLE="white-space:nowrap">12b-2</FONT> of the Exchange Act. </P>
<P STYLE="font-size:8pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>

<TD WIDTH="17%"></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="57%"></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="21%"></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="2%"></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom">Large&nbsp;accelerated&nbsp;filer</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&#9744;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">Accelerated&nbsp;filer</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&#9746;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom">Non-accelerated filer</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&#9744;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">Smaller&nbsp;reporting&nbsp;company</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&#9744;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">Emerging&nbsp;growth&nbsp;company</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&#9744;</TD></TR>
</TABLE> <P STYLE="margin-top:8pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">If an emerging growth company, indicate by check mark if the Registrant has elected not to use the extended transition period
for complying with any new or revised financial accounting standards provided pursuant to Section&nbsp;7(a)(2)(B) of the Securities Act.&nbsp;&nbsp;&#9744; </P> <P STYLE="font-size:8pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="line-height:1.0pt;margin-top:0pt;margin-bottom:0pt;border-bottom:1px solid #000000">&nbsp;</P> <P STYLE="line-height:3.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000">&nbsp;</P>
</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always">
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>EXPLANATORY NOTE </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">This Registration Statement relates to the registration of ordinary shares, par value &#128;1.00 per share (the &#147;<U>Ordinary Shares</U>&#148;), of the
Registrant to be offered and sold under the Natuzzi 2022-2026 Stock Option Plan (the &#147;<U>Plan</U>&#148;). </P> <P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>PART I </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>INFORMATION REQUIRED IN THE SECTION 10(a) PROSPECTUS </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:2%; font-size:10pt; font-family:Times New Roman">The document(s) containing the information specified in Part I will be sent or given to employees as specified by Rule 428(b)(1)
(&#167;230.428(b)(1)). Such documents are not being filed with the Securities and Exchange Commission (the &#147;<U>Commission</U>&#148;) either as part of this Registration Statement or as prospectuses or prospectus supplements pursuant to Rule 424
(&#167;230.424). These documents and the documents incorporated by reference in this Registration Statement pursuant to Item 3 of Part II hereof, taken together, constitute a prospectus that meets the requirements of Section&nbsp;10(a) of the
Securities Act. See Rule 428(a)(1) (&#167;230.428(a)(1)). </P> <P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>PART II </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>INFORMATION REQUIRED IN THE REGISTRATION STATEMENT </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Item&nbsp;3. Incorporation of Documents by Reference </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The
rules of the Commission allow us to incorporate by reference information into this Registration Statement. The information incorporated by reference is considered to be a part of this Registration Statement, and information that we file later with
the Commission will automatically update and supersede this information. This Registration Statement incorporates by reference the documents listed below. In addition, any Report on Form <FONT STYLE="white-space:nowrap">6-K</FONT> of the Registrant
hereafter furnished to the Commission pursuant to the Exchange Act shall be incorporated by reference into this Registration Statement if and to the extent provided in such document. </P>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">(a)</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">The Registrant&#146;s Annual Report on <A HREF="http://www.sec.gov/Archives/edgar/data/../../../ix?doc=/Archives/edgar/data/900391/000095017022006788/ntz-20211231.htm">Form
 <FONT STYLE="white-space:nowrap">20-F</FONT></A> for the fiscal year ended December&nbsp;31, 2021 (File <FONT STYLE="white-space:nowrap">No.&nbsp;001-11854)</FONT> filed with the Commission on May&nbsp;2, 2022. </P></TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">(b)</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">All other reports filed by the Registrant pursuant to Section&nbsp;13(a) or 15(d) of the Securities Exchange
Act of 1934, as amended (the &#147;<U>Exchange Act</U>&#148;), since the end of the fiscal year covered by the Annual Report referred to in (a)&nbsp;above; </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">(c)</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">The description of the Registrant&#146;s Ordinary Shares contained in the Registrant&#146;s Registration
Statement <FONT STYLE="white-space:nowrap">on&nbsp;Form&nbsp;8-A&nbsp;filed</FONT> under the Exchange Act on Form <FONT STYLE="white-space:nowrap">8-A</FONT> dated April&nbsp;12, 1993, including any amendment or report filed for the purpose of
updating such description. </P></TD></TR></TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">All reports and other documents subsequently filed by the Registrant pursuant to Sections 13(a), 13(c), 14
and 15(d) of the Exchange Act, prior to the filing of a post-effective amendment to this Registration Statement which indicates that all securities offered hereby have been sold or which deregisters all securities remaining unsold, shall be deemed
to be incorporated by reference in this Registration Statement and to be a part hereof from the date of filing of such reports and other documents. Except as provided in the last sentence of the first paragraph of the section of this Registration
Statement entitled &#147;Item 3. Incorporation of Documents by Reference&#148;, nothing in this Registration Statement shall be deemed to incorporate any information provided in documents that is furnished (rather than filed) or is otherwise not
deemed to be filed under applicable Commission rules. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Item&nbsp;4. Description of Securities </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Not applicable. </P>
</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always">
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Item&nbsp;5. Interests of Named Experts and Counsel </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">None. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Item&nbsp;6. Indemnification of Directors and Officers
</B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Italian law does not limit the extent to which a company may provide for indemnification of officers and directors, except to the
extent it is provided indemnification against damages costs, and expenses for which officers and directors are held liable towards the company or, in any case, as a consequence of the wrongful intentional or grossly negligent acts or omissions or
such indemnification is held to be contrary to public policy, such as in case of criminal or administrative financial penalties. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The
Registrant maintains insurance under which its directors and officers are insured, within the limits and subject to the limitations of the policies, against certain expenses in connection with the defense of, and certain liabilities which might be
imposed as a result of, actions, suits or proceedings to which they are parties by reason of infringing or having infringed their duties as directors or officers, so long as such infringement was not willful. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Insofar as indemnification for liabilities arising under the Securities Act may be permitted to directors, officers or persons controlling the
Registrant under the foregoing provisions, the Registrant has been informed that in the opinion of the SEC such indemnification is against public policy as expressed in the Securities Act and is therefore unenforceable. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Item&nbsp;7. Exemption from Registration Claimed </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Not
applicable. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Item&nbsp;8. Exhibits </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The Index of
Exhibits filed herewith and appearing immediately before the signature page to this Registration Statement is incorporated by reference in this Item 8. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Item&nbsp;9. Undertakings </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">(a) The undersigned Registrant
hereby undertakes: </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman">(1) To file, during any period in which offers or sales are being made, a post-effective amendment to this Registration
Statement: </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:13%; font-size:10pt; font-family:Times New Roman">(i) To include any prospectus required by section 10(a)(3) of the Securities Act; </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:13%; font-size:10pt; font-family:Times New Roman">(ii) To reflect in the prospectus any facts or events arising after the effective date of the Registration Statement (or the most recent
post-effective amendment thereof) which, individually or in the aggregate, represent a fundamental change in the information set forth in the Registration Statement. Notwithstanding the foregoing, any increase or decrease in volume of securities
offered (if the total dollar value of securities offered would not exceed that which was registered) and any deviation from the low or high end of the estimated maximum offering range may be reflected in the form of prospectus filed with the SEC
pursuant to Rule 424(b) if, in the aggregate, the changes in volume and price represent no more than a 20% change in the maximum aggregate offering price set forth in the &#147;Calculation of Registration Fee&#148; table in the effective
registration statement; </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:13%; font-size:10pt; font-family:Times New Roman">(iii) To include any material information with respect to the plan of distribution not previously disclosed in
the Registration Statement or any material change to such information in the Registration Statement; </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman"><I>provided</I>,<I>&nbsp;however</I>,
that paragraphs (a)(1)(i) and (a)(1)(ii) do not apply if the registration statement is on Form <FONT STYLE="white-space:nowrap">S-8,</FONT> and the information required to be included in a post-effective amendment by those paragraphs is contained in
periodic reports filed with or furnished to the SEC by the Registrant pursuant to Section&nbsp;13 or Section&nbsp;15(d) of the Securities Exchange Act of 1934 that are incorporated by reference herein. </P>
</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always">
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman">(2) That for the purpose of determining any liability under the Securities Act, each such
post-effective amendment shall be deemed to be a new Registration Statement relating to the securities offered therein, and the offering of such securities at that time shall be deemed to be the initial bona fide offering thereof. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman">(3) To remove from registration by means of a post-effective amendment any of the securities being registered which remain unsold at the
termination of the offering. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">(b) The undersigned Registrant hereby undertakes that, for purposes of determining any liability under the Securities Act,
each filing of the Registrant&#146;s annual report pursuant to section 13(a) or section 15(d) of the Securities Exchange Act of 1934 (and, where applicable, each filing of an employee benefit plan&#146;s annual report pursuant to section 15(d) of
the Securities Exchange Act of 1934) that is incorporated by reference in the Registration Statement shall be deemed to be a new Registration Statement relating to the securities offered therein, and the offering of such securities at that time
shall be deemed to be the initial bona fide offering thereof. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">(c) Insofar as indemnification for liabilities arising under the Securities Act may be
permitted to directors, officers and controlling persons of the Registrant pursuant to the foregoing provisions, or otherwise, the Registrant has been advised that in the opinion of the Securities and Exchange Commission such indemnification is
against public policy as expressed in the Securities Act and is, therefore, unenforceable. In the event that a claim for indemnification against such liabilities (other than the payment by the Registrant of expenses incurred or paid by a director,
officer or controlling person of the Registrant in the successful defense of any action, suit or proceeding) is asserted by such director, officer or controlling person in connection with the securities being registered, the Registrant will, unless
in the opinion of its counsel the matter has been settled by controlling precedent, submit to a court of appropriate jurisdiction the question whether such indemnification by it is against public policy as expressed in the Securities Act and will be
governed by the final adjudication of such issue. </P> <P STYLE="font-size:18pt; margin-top:0pt; margin-bottom:0pt">&nbsp;</P>
</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always">
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Exhibit Index </B></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>

<TD></TD>

<TD VALIGN="bottom" WIDTH="5%"></TD>
<TD WIDTH="92%"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom" NOWRAP ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Exhibit</B><br><B>Number</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-bottom:1.00pt solid #000000"> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:Times New Roman"><B>Description</B></P></TD></TR>


<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP>3.1</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"><A HREF="d370723dex31.htm">English translation of the <FONT STYLE="white-space:nowrap">by-laws</FONT> (<I>statuto</I>) of the Company, as amended and restated as of July&nbsp;26, 2022.* </A></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP>4.1</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"><A HREF="d370723dex41.htm">Natuzzi 2022-2026 Stock Option Plan.* </A></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP>5.1</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"><A HREF="d370723dex51.htm">Opinion of Cleary Gottlieb Steen&nbsp;&amp; Hamilton LLP, Italian Counsel of Natuzzi S.p.A., as to the validity of the Ordinary Shares.* </A></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP>23.1</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"><A HREF="d370723dex51.htm">Consent of Cleary Gottlieb Steen&nbsp;&amp; Hamilton LLP, Italian Counsel of Natuzzi S.p.A. (included in Exhibit 5.1).* </A></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP>23.2</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"><A HREF="d370723dex232.htm">Consent of KPMG S.p.A. relating to the consolidated financial statements of Natuzzi S.p.A.* </A></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP>24.1</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"><A HREF="#sig">Power of Attorney (included as part of the signature page of the Registration Statement).* </A></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP>107</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"><A HREF="d370723dexfilingfees.htm">Filing Fee Table.* </A></TD></TR>
</TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">*</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">Filed herewith </P></TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">&#135;</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">Incorporated herein by reference </P></TD></TR></TABLE>
</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always">
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B><A NAME="sig"></A>SIGNATURES </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Pursuant to the requirements of the Securities Act, the Registrant certifies that it has reasonable grounds to believe that it meets all of the requirements
for filing on Form <FONT STYLE="white-space:nowrap">S-8</FONT> and has duly caused this Registration Statement to be signed on its behalf by the undersigned, thereunto duly authorized, in the city of Santeramo in Colle, on this 29<SUP
STYLE="font-size:75%; vertical-align:top">th</SUP> day of July, 2022. </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><DIV ALIGN="right">
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="40%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt">


<TR>

<TD WIDTH="7%"></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="92%"></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" COLSPAN="3">Natuzzi S.p.A.</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">By:</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman">/s/ Pasquale Natuzzi</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Name: Pasquale Natuzzi</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Title: Executive Chairman</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">of the Board of Directors</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">By:</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman">/s/ Giuseppe Cacciapaglia</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Name: Giuseppe Cacciapaglia</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Title: Chief Accounting Officer</TD></TR>
</TABLE></DIV> <P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>POWER OF ATTORNEY </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">KNOW ALL PERSONS BY THESE PRESENTS, that each person whose signature appears below hereby constitutes and appoints Pasquale Natuzzi and
Giuseppe Cacciapaglia, and each of them, individually, as his/her true and lawful <FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">attorneys-in-fact</FONT></FONT> and agents, with full power of substitution and resubstitution, for
him/her and in his/her name, place and stead in any and all capacities, in connection with this Registration Statement, including to sign in the name and on behalf of the undersigned, this registration statement and any and all amendments thereto,
including post-effective amendments and registrations filed pursuant to Rule 462 under the Securities Act, and to file the same, with all exhibits thereto, and other documents in connection therewith, with the Commission, granting unto such <FONT
STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">attorneys-in-fact</FONT></FONT> and agents full power and authority to do and perform each and every act and thing requisite and necessary to be done in and about the premises, as fully to
all intents and purposes as he/she might or could do in person, hereby ratifying and confirming all that said <FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">attorneys-in-fact</FONT></FONT> and agents, or his/her substitute, may
lawfully do or cause to be done by virtue hereof. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Pursuant to the requirements of the Securities Act, the Registration Statement has been
signed by the following persons in the capacities and on the date indicated: </P>
</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always">
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">

<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>

<TD WIDTH="35%"></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="32%"></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="31%"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom" ALIGN="center"><B>Signature</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center"><B>Title</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center"><B>Date</B></TD></TR>


<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman" ALIGN="center">/s/ Antonio Achille</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">Chief Executive Officer</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">July&nbsp;29, 2022</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" ALIGN="center">Antonio Achille</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">(principal executive</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">officer)</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman" ALIGN="center">/s/ Giuseppe Cacciapaglia</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">Chief Accounting</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">July&nbsp;29, 2022</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" ALIGN="center">Giuseppe Cacciapaglia</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">Officer</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">(principal accounting</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">officer)</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman" ALIGN="center">/s/ Pasquale Natuzzi</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">Executive Chairman of</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">July&nbsp;29, 2022</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" ALIGN="center">Pasquale Natuzzi</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">the Board of Directors</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman" ALIGN="center">/s/ Antonia Isabella Perrone</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center"><FONT STYLE="white-space:nowrap">Non-executive</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">July&nbsp;29, 2022</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" ALIGN="center">Antonia Isabella Perrone</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">Director</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman" ALIGN="center">/s/ Marco Caneva</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center"><FONT STYLE="white-space:nowrap">Non-executive</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">July&nbsp;29, 2022</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" ALIGN="center">Marco Caneva</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">Director</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman" ALIGN="center">/s/ Giuseppe Antonio D&#146;Angelo</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center"><FONT STYLE="white-space:nowrap">Non-executive</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">July&nbsp;29, 2022</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" ALIGN="center">Giuseppe Antonio D&#146;Angelo</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">Director</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman" ALIGN="center">/s/ Alessandro Musella</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center"><FONT STYLE="white-space:nowrap">Non-executive</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">July&nbsp;29, 2022</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" ALIGN="center">Alessandro Musella</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">Director</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"></TD></TR>
</TABLE>
</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always">
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">

<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>

<TD WIDTH="35%"></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="32%"></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="31%"></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman" ALIGN="center">/s/ Pasquale Junior Natuzzi</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">Executive Director</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">July&nbsp;29, 2022</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" ALIGN="center">Pasquale Junior Natuzzi</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman" ALIGN="center">/s/ Gilles Bonan</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center"><FONT STYLE="white-space:nowrap">Non-executive</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">July&nbsp;29, 2022</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" ALIGN="center">Gilles Bonan</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">Director</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman" ALIGN="center">/s/ Cristiano Liuzzi</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">Authorized</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">July&nbsp;29, 2022</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" ALIGN="center">Cristiano Liuzzi</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">Representative in</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">the United States</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"></TD></TR>
</TABLE>
</DIV></Center>

</BODY></HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-3.1
<SEQUENCE>2
<FILENAME>d370723dex31.htm
<DESCRIPTION>EX-3.1
<TEXT>
<HTML><HEAD>
<TITLE>EX-3.1</TITLE>
</HEAD>
 <BODY BGCOLOR="WHITE">


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right"><B>Exhibit 3.1 </B></P>
<P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>BY LAWS OF THE STOCK COMPANY of &#147;NATUZZI S.P.A.&#148; </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Article 1. Name </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>1</B>. Incorporated
hereby is a stock company having the name &#147;<B>Natuzzi S.p.A.</B>&#148; </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Article 2. Head Office </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>2. </B>The company has its legal headquarters in Santeramo in Colle (BA). Secondary headquarters may be established or eliminated at other locations in
Italy or abroad, pursuant to resolutions adopted by its managing body. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Article 3. Corporate purpose </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>3. </B>The corporate purpose is the production and sale of sofas and armchairs, furniture in general, furniture products, as well as the production,
manufacture and sale of raw materials and semi-finished products destined for such use. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The company also has, as
<FONT STYLE="white-space:nowrap">non-prevalent</FONT> purposes and with regard to the companies constituting part of the group, the following activities: </P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt"><B></B>the management of the group&#146;s information services, administration and commercial systems;
</P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt"><B></B>the production of software and hardware; </P></TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt"><B></B>the consultancy and organization related to management problems, research and development of marketing and
commercial penetration, import-export and company problems of an economic nature; </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt"><B></B>training services for managers, executives, employees and factory workers; </P></TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt"><B></B>the development and creation of industrial prototypes, brand names and patents, graphics and publicity;
</P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt"><B></B>the granting of financing in any form; </P></TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt"><B></B>foreign exchange transactions; </P></TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt"><B></B>the collection, payment and transfer of funds; </P></TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt"><B></B>financial coordination; budgetary, strategic and administrative planning; coordination of purchases,
product engineering and development and marketing; </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt"><B></B>the construction, purchase, management, licensing and leasing of industrial, commercial and production
premises; and </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt"><B></B>the purchase, management, licensing and leasing of machinery, equipment and other tools.
</P></TD></TR></TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">All financial activities legally reserved to banks or investment institutions are strictly excluded. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Furthermore the company may carry out, again within the &#147;Natuzzi S.p.A.&#148; group, activities related to the installation, maintenance, revision of
technological plants and mechanical, hydraulic, thermal, electric systems, of telephone networks, electricity and transfer lines. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">In addition, the
company may acquire participations and interests in other companies or enterprises of any kind, in Italy or abroad, as a stable investment and not for the purpose of placement of securities, and may undertake all operations that the managing body
deems necessary or useful to the attainment of the purposes of the company, including the grant of personal guaranties (&#147;<I>fideiussioni</I>&#148;) and other guaranties. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Article 4. Duration </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>4. </B>The
duration of the company is up until 31.12.2050. </P>
</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always">
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Article 5. Domicile </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>5. </B>The domicile of the shareholders, the directors, the statutory auditors and the external auditor, insofar as it concerns their relations with the
company shall be the one indicated in the company&#146;s ledgers. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Article 6. Capital and shares </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>6. </B>The share capital is fifty-four million, eight hundred fifty three thousand and forty-five euro (&#128;54,853,045.00) and is divided into fifty-four
million, eight hundred fifty three thousand and forty-five (54,853,045) shares, each with a nominal value of one euro (&#128;1.00). </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The extraordinary
shareholders&#146; meeting held on 23rd July 2004 authorized the managing body to implement, within five years from the registration of the resolution in the Register of Companies, an increase in the share capital without consideration (&#147;<I>a
titolo gratuito</I>&#148;), up to a maximum amount of five hundred thousand euro (&#128;500,000.00), and an increase in the share capital with consideration (&#147;<I>a pagamento</I>&#148;), up to a maximum amount of euro three million
(&#128;3,000,000.00) to implement the Incentive Plan that such meeting created at the benefit of the company&#146;s and its affiliates&#146; employees. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The extraordinary shareholders&#146; meeting held on 1st July 2022 authorized the managing body to implement, within five years from the registration of the
resolution in the Register of Companies, an increase in the share capital with consideration (&#147;<I>a pagamento</I>&#148;), in one or more tranches, up to a maximum amount of nominal five million, four hundred and eighty-five thousand, three
hundred and four euro (&#128;5,485,304.00), with the exclusion of <FONT STYLE="white-space:nowrap">pre-emption</FONT> rights pursuant to article 2441, eighth paragraph, of the civil code, to implement the Incentive Plan approved by the board of
directors at the benefit of the company&#146;s and its affiliates&#146; employees. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">On 15th July 2022, the board of directors, in accordance with the
authorization given to it by the extraordinary shareholders&#146; meeting held on 1st July 2022, resolved to increase the share capital from fifty-four million, eight hundred fifty three thousand and
<FONT STYLE="white-space:nowrap">forty-five</FONT> euro (&#128;54,853,045.00) to <FONT STYLE="white-space:nowrap">fifty-five</FONT> million, <FONT STYLE="white-space:nowrap">seventy-three</FONT> thousand and forty-five euro (&#128;55,073,045.00),
therefore by two hundred and twenty thousand euro (&#128;220,000.00). This share capital increase shall be carried out by 31st December 2022. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The shares
are represented by share certificates. Each share carries one vote in the general meeting of shareholders. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Article 7. Participation
Certificates (&#147;</B><B><I>Strumenti finanziari</I></B><B>&#148;) </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>7.1 </B>The company may issue participation certificates (&#147;<I>strumenti
finanziari</I>&#148;), having attached economic or administrative rights, <I><FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">vis-&agrave;-vis</FONT></FONT> </I>contributions by shareholders or third parties, including activities or
services. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>7.2 </B>The participation certificates shall be issued by the shareholders&#146; extraordinary meeting. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>7.3 </B>The resolution issuing the participation certificates shall establish the characteristics of the certificates thereof with regards to the
contribution by each holder, specifying the rights attached to the certificate and the penalties in the event of failure to make the relevant contribution. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>7.4 </B>The participation certificates issued <I><FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">vis-&agrave;-vis</FONT></FONT> </I>the
contribution of services and activities are not transferable. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>7.5 </B>The participation certificates are represented by registered credit instruments.
</P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Article 8. Bonds </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>8.1 </B>The
company may issue bonds, which may be convertible or non<B>-</B>convertible into shares. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>8.2 </B>The bondholders must choose a common representative.
Article 29 of these <FONT STYLE="white-space:nowrap">by-laws</FONT> shall apply, where compatible, to bondholders meetings. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Article 9.
Segregated Assets </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>9.1 </B>The company may segregate one or more pools of assets for the carrying out of a specific business in accordance with
articles 2447-<I>bis et seq.</I> of the civil code. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>9.2 </B>The resolution segregating the relevant pool of assets shall be adopted by the
extraordinary meeting, in accordance with article 16 of these <FONT STYLE="white-space:nowrap">by-laws.</FONT> </P>
</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always">
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Article 10. Loans </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>10. </B>The company may obtain from its shareholders loans free of charge or against payment, with or without the obligation to reimburse, in compliance
with applicable rules, with special reference to the rules regulating the collection of public savings. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Article 11. Shares and domicile
of shareholders </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>11.1 </B>The shares are registered and freely transferable. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Article 12. Withdrawal </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>12.1 </B>Each
shareholder not approving resolutions in connection with the following subject matters shall have the right to withdraw from the company by tendering all or part of their shares: </P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">a)</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">amendment of the clause of these <FONT STYLE="white-space:nowrap">by-laws</FONT> concerning the corporate
purpose, in the event that such amendment entails a material change in the activities carried out by the company; </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">b)</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">transformation of the company from a stock corporation into another legal entity; </P></TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">c)</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">transfer of the legal headquarters abroad; </P></TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">d)</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">revocation of the state of winding up; </P></TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">e)</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">modification of the rules determining the value of the shares in case of withdrawal; </P></TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">f)</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">modifications of the <FONT STYLE="white-space:nowrap">by-laws</FONT> related to the voting rights attached to
shares or the rights to attend the meetings; </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">g)</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">elimination of one or more triggering events for withdrawal pursuant to these
<FONT STYLE="white-space:nowrap">by-laws.</FONT> </P></TD></TR></TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Should the company be subject to direction and coordinating powers pursuant to
articles 2497 <I>et seq.</I> of the civil code, shareholders shall have the right to withdraw from the company by tendering their shares in the events set forth in article 2497-<I>quater </I>of the civil code. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>12.2 </B>The shareholder must notify his or her intention to withdraw in writing, by registered mail, to the managing body. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The registered mail must be sent within fifteen days from the registration in the Register of Companies of the resolution triggering the right of withdrawal,
and include the details of the withdrawing shareholder, his or her elected domicile in relation to this procedure, the number and the class of the shares for which the right of withdrawal is exercised. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">If the event triggering the withdrawal does not arise from a resolution by the shareholders&#146; meeting, the right of withdrawal shall be exercised no later
than thirty days from the date in which the shareholder has become aware of such event. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The shares for which the right to withdraw is exercised may not
be transferred and the relevant certificates, where issued, must be deposited at the registered office of the company. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The exercise of the right to
withdraw must be recorded in the shareholders&#146; ledger. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Withdrawal rights may not be exercised and, if already exercised, shall cease to have effect,
in the event that the company revokes the resolution that triggers such withdrawal rights. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>12.3 </B>Shareholders shall have the right to liquidate the
shares for which withdrawal is requested. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The value of the shares shall be established by the directors, having heard the opinion of the board of
statutory auditors and the external auditor, taking into account the equity and financial position of the company and its perspectives in terms of income, as well as the market value of the shares, if any. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The managing body must prepare and deposit at the registered office of the company, within fifteen days prior to the meeting that addresses the subject
matters triggering the right to withdraw, the documentation necessary to determine the value of the shares in accordance with the abovementioned criteria. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Each shareholder shall have the right to inspect the documentation related to the evaluation indicated above and obtain a copy at his or her own expense. </P>
</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always">
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">In the event that the shareholder that intends to withdraw, in the notice for exercising the right of
withdrawal, opposes the liquidation value determined by the managing body, the liquidation value shall be established, within ninety days of the exercise of the right of withdrawal, through a sworn report by an expert nominated by the President of
the Tribunal in whose jurisdiction the company has its offices, who shall also decide on the procedural costs, upon the request made by the most diligent party. Article 1349, first paragraph of the civil code shall apply. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>12.4 </B>The directors shall offer on a preemptive basis the rights to acquire the shares of the withdrawing shareholder to the other shareholders, <FONT
STYLE="white-space:nowrap">pro-rata</FONT> with the number of shares they hold. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">If convertible bonds are outstanding, such preemptive rights shall also
pertain to the holders of convertible bonds, together with shareholders, on the basis of the relevant exchange ratio. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The offer of the abovementioned
rights must be deposited with the Register of Companies within fifteen days from the final determination of the value for the liquidation, with a term for the exercise of such right of no less than thirty days from the deposit of the offer. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Those who exercise such rights, so long as they make a specific request, shall have the right of <FONT STYLE="white-space:nowrap">pre-emption</FONT> for the
acquisition of the shares for which the relevant rights have not been exercised (article 2437-<I>quater</I>, third paragraph, of the civil code). </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The
shares for which the relevant <FONT STYLE="white-space:nowrap">pre-emptive</FONT> rights have not been exercised may be placed by the managing body with third parties. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">In case the shares of the shareholder that has asserted the right to withdrawal remain unsold the shareholder shall be reimbursed, if available reserves
exist, through a repurchase by the company of its own shares, that may also occur in prejudice of the prescriptions set forth by article 2357, third paragraph, of the civil code. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Should no reserves be available, an extraordinary meeting of shareholders must be called in order to resolve either upon the reduction of the share capital,
or the winding up of the company. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The prescriptions set forth by article 2445, second, third and fourth paragraphs, shall apply to the resolution
reducing the share capital; should the creditors&#146; right of opposition be affirmed, the company shall be wound up. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Article 13. Sole
Shareholder </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>13.1 </B>If the shares belong to a sole shareholder or if the sole shareholder changes, the directors, in compliance with article 2362
of the civil code, shall deposit, for registration in the Register of Companies, a statement indicating, if an individual, the first name and surname, the date and place of birth, the domicile, and the nationality of such shareholder, or, if not an
individual, the entity name, its date of organization, and its office. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>13.2 </B>Whenever the plurality of shareholders is established or <FONT
STYLE="white-space:nowrap">re-established,</FONT> the directors must deposit a statement describing such event for the registration in the Register of Companies. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>13.3 </B>The sole shareholder, or the person ceasing to be the sole shareholder, may fulfill the publicity obligations pursuant to the previous paragraphs.
</P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>13.4 </B>The statements set forth in the previous paragraphs must be deposited with the Register of Companies within thirty days from the relevant
registration in the shareholders&#146; ledger and, in any case, must indicate the date of such registration. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Article 14. Subjection to
management and control powers </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>14. </B>The company must indicate if it is subject to management and coordination powers exercised by other entities
in all acts and correspondence, as well as through the registration within the relevant section of the Register of Companies as indicated by article 2497-<I>bis</I>, second paragraph, of the civil code. </P>
</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always">
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Article 15. Powers of the ordinary meeting </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>15.1 </B>The ordinary meeting shall resolve upon the subject matters provided for in the applicable laws and in these
<FONT STYLE="white-space:nowrap">by-laws.</FONT> In particular, the ordinary meeting may approve a regulation concerning the functioning of the meeting. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>15.2 </B>The following powers shall strictly be reserved for the ordinary meeting: </P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">a.</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">approval of the financial statements; </P></TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">b.</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">appointment and revocation of directors; appointment of statutory auditors and of the chairman of the board of
statutory auditors and, when required, of the external auditor; </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">c.</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">determination of the compensation for directors and statutory auditors, without prejudice to the prescriptions
set forth in the following article 39; </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">d.</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">determination of the responsibilities of directors and statutory auditors. </P></TD></TR></TABLE>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Article 16. Powers of the extraordinary meeting </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>16.1 </B>The extraordinary meeting shall resolve upon: </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">a.</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">the amendments to the <FONT STYLE="white-space:nowrap">by-laws,</FONT> with the exception of article 31.2 of
these <FONT STYLE="white-space:nowrap">by-laws;</FONT> </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">b.</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">the appointment, revocation and determination of the powers of liquidators; </P></TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">c.</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">the issuance of participation certificates pursuant to article 7 of these
<FONT STYLE="white-space:nowrap">by-laws;</FONT> </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">d.</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">the creation of segregated pools of assets pursuant to article 9 of these
<FONT STYLE="white-space:nowrap">by-laws;</FONT> </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">e.</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">the distribution of profits to the company&#146;s employees or to the employees of the company&#146;s
affiliates by way of issuance of shares or of special classes of shares; </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">f.</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">the distribution of profits to the company&#146;s employees or to the employees of the company&#146;s
affiliates by way of issuance of participation certificates; </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">g.</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">all the other subject matters provided for in the applicable laws and in these
<FONT STYLE="white-space:nowrap">by-laws.</FONT> </P></TD></TR></TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>16.2 </B>The empowerment of the managing body to resolve upon certain subject
matters that, according to applicable laws, fall within the powers of the meeting of shareholders, such as the subject matters set forth in article 31.2 of these <FONT STYLE="white-space:nowrap">by-laws,</FONT> but not to the prejudice of the main
competence of the shareholders&#146; meeting, which shall maintain its powers to resolve upon such subject matters. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Article 17. Call of
the meeting </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>17.1 </B>The meeting must be called by the managing body at least once a year, within one hundred and twenty days from the end of the
fiscal year or within one hundred and eighty days from such date, should the company prepare consolidated financial statements or should particular needs or circumstances occur in relation to the structure and the corporate purpose. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>17.2 </B>The meeting represents the totality of shareholders and its resolutions, made in compliance with applicable laws and with these <FONT
STYLE="white-space:nowrap">by-laws,</FONT> shall bind all shareholders, including absent or dissenting shareholders. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The meeting may also be called
outside of the company&#146;s registered office or abroad. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>17.3 </B>In the event the directors cannot call a meeting or in the event that they fail to
call a meeting, the meeting may be called by the board of statutory auditors, or through a decree by the competent tribunal upon request of shareholders representing at least one tenth of the share capital. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>17.4 </B>The notice convening the shareholders&#146; meeting must include: </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt"><B></B>the place in which the meeting shall be carried out as well as the places in which it may be connected
through telecommunication devices; </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt"><B></B>the date and time of the meeting; </P></TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt"><B></B>the items on the agenda; </P></TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">any other item prescribed by law. </P></TD></TR></TABLE>
</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always">
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>17.5 </B>The meeting shall be called by publication, at least fifteen days before the meeting, of the
relevant notice of call in one of the following newspapers: &#147;<I>Il Sole 24 ore</I>&#148;; &#147;<I>Corriere della Sera</I>&#148; or &#147;<I>La Repubblica</I>&#148;. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Article 18. Call of second and subsequent meeting </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>18.1 </B>The notice of call may include the date, time and place of a second call, and also of a subsequent call, if the previous meetings do not reach the
quorums prescribed by the law. The second and the subsequent call may be held within thirty days from the date indicated for the first call. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Article 19. General meeting </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>19.1
</B>Even in the absence of a formal call, the meeting is duly established when the entire share capital is represented and when the majority of the members of the managing body and of the board of statutory auditors are present. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">In this hypothesis each participant may oppose the discussion (and the resolution) of any item for which he or she considers that he or she has not been
sufficiently informed. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Article 20. Ordinary meeting: definition of the quorum </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>20.1 </B>On first call, the ordinary meeting is duly established with shares, present or represented, amounting to at least half of the share capital. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>20.2 </B>On second or subsequent call, the ordinary meeting is duly established regardless of the portion of share capital represented. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>20.3 </B>On first, second and subsequent calls the resolution of an ordinary meeting is passed by the absolute majority of the shares present or
represented at that meeting. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">However, the resolution renouncing the bringing of suit against the directors or authorizing a settlement of a suit
previously brought against the directors cannot be validly adopted when at least one fifth of the share capital is dissenting. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Article
21. Extraordinary meeting: definition of the quorum </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>21.1 </B>On first call resolutions of the extraordinary meeting are passed by a majority
representing more than half of the share capital. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>21.2 </B>On second call the extraordinary meeting is duly convened with at least one third of the
share capital and its resolutions are passed by two thirds of the share capital present or represented in that meeting. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">However, the resolutions on the
following subject matters shall be carried out by a majority of at least one third of the share capital: </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">a.</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">amendment of the corporate purpose; </P></TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">b.</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">transformation of the company into another legal entity, mergers,
<FONT STYLE="white-space:nowrap">de-mergers,</FONT> in hypotheses other than the ones contemplated by article 31.2, letter a); </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">c.</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">early winding up; </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">d.</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">extension of the duration; </P></TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">e.</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">cancellation of the state of winding up; </P></TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">f.</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">transfer of the registered office abroad; </P></TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">g.</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">issuance of preference shares. </P></TD></TR></TABLE>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Article 22. Rules for the calculation of the quorum </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>22.1 </B>Shares without voting rights shall not be included in the calculation of the quorums necessary to validly establish the meetings. </P>
</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always">
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>22.2 </B>Treasury shares and company&#146;s shares held by subsidiaries are included in the calculation
of the quorum necessary to validly establish the meeting, as well as for the calculation of the quorum required to validly pass the resolution, and do not have any voting right attached. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>22.3 </B>Shares whose voting rights cannot be exercised are included in the calculation of the quorum necessary to validly establish the meeting; the same
shares (without prejudice to any different provision provided for by applicable laws) and shares whose voting rights have not been exercised, further to a statement made by the shareholder asserting his or her conflict of interest in the relevant
resolution, are not included in the calculation of the majority necessary for the approval of the relevant resolution. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Article 23.
Postponement of the meeting </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>23. </B>Intervening shareholders, representing at least one third of the share capital, have the right to request a
postponement of the meeting for no longer than five days, if they state that they have not been sufficiently informed of the subject matters specified in the agenda. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Article 24. Eligibility to attend the meeting and to vote </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>24.1 </B>Shareholders that are going to attend the meeting (in accordance, <I>inter alia</I>, with the fulfillments indicated in paragraph 3 of article
2370 of the civil code) must deposit their shares (or certificates), at least five days before the date of the meeting, at the registered office or at one of the banks indicated in the notice of call, in order to give proof of their right to
participate and to vote at the meeting. The shares must be immediately collected after the deposit has been made. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>24.2 </B>Each share entitles to one
vote at the meeting. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>24.3 </B>Holders of shares that do not carry voting rights have the right to receive the notice of call. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Article 25. Shareholder representation at a meeting </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Proxies </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>25.1 </B>Without prejudice to
the prohibitions set forth in article 2372 of the civil code, each shareholder may appoint proxies, by means of a written proxy. The company shall maintain the written proxy on its records. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>25.2 </B>The proxy may be issued for several meetings; it may not be issued without indication of the name of the representative and it shall always be
revocable, notwithstanding any contrary agreement. The representative may only be replaced by a person specifically indicated in the proxy. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>25.3
</B>If a shareholder has conferred a proxy to a company, the legal representative of such company shall represent the shareholder during the meeting. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Alternatively, the company may delegate one of its employees or collaborators. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>25.4 </B>Proxies may not be issued to employees, statutory auditors, members of the managing body, or the external auditor. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>25.5 </B>Proxies may not be issued to subsidiaries, nor to their employees, statutory auditors, members of the managing bodies and external auditors. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Article 26. Chairman and secretary of the meeting. </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Recording of the minutes </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>26.1 </B>The
meeting is chaired by the sole director, by the chairman of the board of directors or, in his absence, by a person nominated by the intervening shareholders. </P>
</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always">
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>26.2 </B>Those present at the meeting shall appoint a secretary, not necessarily a shareholder, and, if
necessary, one or more scrutinizers, not necessarily a shareholder. The support of the secretary shall not be required if the report is arranged by a notary public. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>26.3 </B>The chairman of the meeting shall be in charge of ascertaining that the meeting is validly established, of ascertaining the identity and right to
participate of the shareholders present, of regulating the carrying out of the meeting and announcing the results of the resolutions. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>26.4 </B>With
regards to the carrying out of the works of the meeting, the order for interventions and the methods to discuss upon the items on agenda, the chairman shall have the power to propose procedures that may nevertheless be modified by an absolute
majority of the intervening holders of shares carrying voting rights. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>26.5 </B>The minutes of the meeting must be prepared in a manner consistent with
the duties in connection with their timely deposit and publication and must be undersigned by the chairman, the secretary or the notary public. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>26.6
</B>The minutes must indicate: </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">a)</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">the date of the meeting; </P></TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">b)</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">the identity of the participants and the share capital that they represent (even through an exhibit);
</P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">c)</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">the procedures adopted for the resolutions and results thereof; </P></TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">d)</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">the identity of the voters with an indication as to whether they have voted for, against or they have abstained
from voting, even through an exhibit; </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">e)</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">upon the specific request of the participants, a brief summary of their declarations with regards to the items
on the agenda. </P></TD></TR></TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Article 27. Meeting procedures </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Carrying out of items on the agenda </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>27.1 </B>The meeting must be carried out with such procedures so that all of those who have the right to attend may be aware, in real time, of the
transactions<B> </B>for which they have been called upon to resolve. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>27.2 </B>Meetings may be carried out in the presence of audio-video conferences
as long as: </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt"><B></B>all people attending the meeting may be identified and their right to take part in may be verified;
</P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt"><B></B>the chairman of the meeting, even through the chairman&#146;s office may regulate the hearings and may
ascertain and announce the results of the votes; </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt"><B></B>all the participants are allowed to follow the discussions, intervene in real time in the discussions and
take part simultaneously in the vote; </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt"><B></B>the person in charge of recording the minutes must be able to understand/hear the events to be indicated
in the report; </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt"><B></B>the notice of call indicates the places from which an external link has been prepared in order to allow
shareholders to participate. </P></TD></TR></TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">With the fulfillment of the requirements above, the meeting is deemed to be established in the location in
which the chairman of the meeting, together with the secretary, is located, in order to proceed with the preparation and undersigning of the minutes in the relevant book. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Article 28. Method of voting </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>28.1
</B>Secret voting is not permitted. Any vote which is not connected to any shareholder is considered unexercised. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Article 29. Special
meetings </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>29.1 </B>If more than one class of shares or participation certificates exists, each holder has the right to attend the relevant special
meeting. </P>
</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always">
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>29.2 </B>All provisions indicated in these <FONT STYLE="white-space:nowrap">by-laws</FONT> with regards
to the meeting and shareholders, with reference to the meeting procedure, shall also apply to special meetings, to bondholders&#146; meetings and to meetings of holders of participation certificates. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>29.3 </B>The special meeting shall appoint and remove the common representative. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>29.4 </B>Apart from any initiative by the common representative, the call of the special meeting may occur upon the initiative of the company or upon a
specific request by members representing at least one twentieth of the votes which may be exercised in the relevant special meeting. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>29.5 </B>If the
company holds treasury shares or bonds, it cannot participate to the relevant special meeting. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>29.6 </B>Directors and statutory auditors have the
right to attend the special meeting without having the right to vote. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>29.7 </B>Resolutions of the meeting may be challenged in accordance with
articles 2377 and 2379 of the civil code. Those having the right to vote shall also have the right to act individually, in the event that the special meeting has not resolved upon the relevant subject matter. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>29.8 </B>Articles 2417 and 2418 of the civil code shall apply to the common representative. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>29.9 </B>The rules governing the extraordinary meetings shall apply with regards to the formalities and the majorities prescribed for the special meetings.
</P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Article 30. Annulment of the resolutions of the meeting </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>30.1 </B>The legal action for the annulment of the resolutions may be commenced by the directors, by the board of statutory auditors or by dissenting,
absent or abstained shareholders, holding, even collectively, at least five percent of the share capital having voting rights in the challenged resolution. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Article 31. Duties and powers of the managing body </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>31.1 </B>The management of the company belongs exclusively to directors, who shall carry out all the actions necessary for the achievement of the corporate
purpose, it being understood that for certain actions specific authorization from the shareholders&#146; meeting shall be required pursuant to statutory prescriptions. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>31.2 </B>Furthermore, the managing body shall also be in charge of the following: </P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">a)</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">the resolution approving a merger in the cases indicated in articles 2505, 2505-<I>bis</I>, 2506-<I>ter</I>
last paragraph of the civil code; </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">b)</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">the <FONT STYLE="white-space:nowrap">setting-up</FONT> and cancellation of secondary offices;
</P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">c)</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">the indication of directors who are legal representative of the company; </P></TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">e)</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">the transfer of the registered office to another location within the national territory. </P></TD></TR></TABLE>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Article 32. <FONT STYLE="white-space:nowrap">Non-compete</FONT> </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>32. </B>Directors are prohibited from competing with the company pursuant to article 2390 of the civil code. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Article 33. Composition of the managing body </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>33. </B>The company is run by a sole director or by a board of directors composed of seven to eleven members. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Article 34. Appointment and replacement of the managing body </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>34.1 </B>The ordinary meeting shall establish the number of members of the managing body and shall resolve upon their appointment. </P>
</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always">
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>34.2 </B>Directors shall be appointed for the period established at their appointment and, in any case,
for no longer than three fiscal years and they may be <FONT STYLE="white-space:nowrap">re-appointed.</FONT> Their term in office shall expire on the date of the meeting called for the approval of the financial statements relating to the last fiscal
year of their office. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>34.3 </B>If, during the fiscal year, one or more directors are to retire, the others may replace them through a resolution
approved by the board of statutory auditors, so long as the majority of the board of directors is composed by directors appointed by the meeting (or indicated in the deed of incorporation). Directors who have been appointed by the board shall remain
in the office until the subsequent shareholders meeting is held. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>34.4 </B>If the majority of the directors appointed by the meeting (or indicated in
the deed of incorporation) were to retire, the remaining directors shall call a shareholders meeting in a timely manner in order to replace the retired directors. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>34.5 </B>The term of office of the Directors appointed pursuant to paragraph 4 above shall expire at the same time of the preexisting directors. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>34.6 </B>If the sole director or all of the directors cease to be in office, a meeting for the appointment of the director or of the entire board must be
called in a prompt manner by the board of statutory auditors, which shall be in charge of carrying out the activities related to the ordinary course of business. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Article 35. Chairman of the board of directors </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>35.1 </B>During the first meeting after its appointment, the board of directors may designate a chairman and a vice chairman among its members, if such
designation has not been already done at the shareholders&#146; meeting. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>35.2 </B>The chairman of the board of directors shall call the board of
directors, shall establish its agenda, shall coordinate the works of the board and shall ensure that all the directors are duly informed about the items mentioned in the agenda. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Article 36. Delegated members </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>36.1
</B>The board of directors may delegate, within the limits set forth in article 2381 of the civil code, all or part of its powers to one or more of its members, establishing the boundaries of such powers and the compensation for the relevant
director. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>36.2 </B>The board shall have the right to control and arrogate (to itself the) operations that are included in the delegation of powers, as
well as the power to revoke such delegation. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>36.3 </B>The delegated members shall not bear the duties indicated in article 2381, fourth paragraph, of
the civil code. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>36.4 </B>The delegated bodies shall report to the board of directors and the board of statutory auditors, at least every one hundred
and eighty days. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>36.5 </B>The managing body may appoint chief executives and define their powers. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Article 37. Resolutions of the board of directors </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>37.1 </B>Meetings of the board shall be held in the location indicated in the notice convening the meeting, in the registered offices or in any other
location, at any time the chairman may consider it necessary. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>37.2 </B>Notice must be sent at least five days before the date of the meeting by means
of a letter sent by fax, telegram or <FONT STYLE="white-space:nowrap">e-mail.</FONT> </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>37.3 </B>In case of emergencies, notice may be sent by fax,
telegram or <FONT STYLE="white-space:nowrap">e-mail</FONT> at least two days in advance. </P>
</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always">
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>37.4 </B>The board is validly established with the presence of the majority of appointed directors and
shall resolve through a favorable vote of the absolute majority of present directors. In case of tie, the vote of the chairman shall prevail. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Directors
who have abstained or have declared a conflict of interest shall not be considered in the calculation of the majority necessary for the resolution to be adopted. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>37.5 </B>The board may be called and may validly resolve, even through the use of means of telecommunications, as long as the guarantees and the methods
indicated in article 27, points 1 and 2, of these <FONT STYLE="white-space:nowrap">by-laws</FONT> are met. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>37.6 </B>The board of directors is validly
established when, even in the absence of a formal notice, all of appointed directors and the board of statutory auditors are present. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>37.7 </B>The
meetings of the board shall be chaired by the chairman, by the vice chairman and in their absence by the oldest director. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>37.8 </B>Votes cannot be
given by proxy. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Article 38. Company representation </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>38.1 </B>The representation of the company is the responsibility of the sole director or the chairman of the board of directors. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>38.2 </B>Furthermore, representative powers may also be given through power of attorney attributed by the board, within the boundaries provided for
thereto. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The managing body, to which representation is granted, may appoint, within the limits granted, <FONT STYLE="white-space:nowrap"><FONT
STYLE="white-space:nowrap">attorneys-in-fact</FONT></FONT> either for general purposes or for specific transactions or categories of transactions. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">In any
case, when the <FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">attorney-in-fact</FONT></FONT> appointed by the board does not belong to such body, the representation of the company shall be governed by the general provisions
concerning power of attorney. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>38.3 </B>The representation of a company to be wound up shall be granted to the liquidator or the chairman of the board
of liquidators and to any other possible part of the board of liquidators with the methods and terms defined during appointment. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Article 39. Directors compensation </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>39.1 </B>Members of the board of directors shall be refunded all the expenses borne during their office and shall receive a compensation determined by the
shareholders&#146; meeting that appoints them. The meeting may determine an aggregate sum as a cap for the remuneration of the all directors, including those with special duties. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>39.2 </B>The amount to be paid to directors with special duties shall be defined by the board of directors, after hearing the opinion of the board of
statutory auditors, in compliance with the cap defined by the meeting. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Article 40. Board of statutory auditors </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>40.1 </B>The board of statutory auditors shall control the observance of the prescriptions of the law and of these
<FONT STYLE="white-space:nowrap">by-laws,</FONT> shall make sure that the company is run in accordance with principles of correct management having particular regard to the suitability of the organizational, administrative and accounting systems
adopted by the company. The board of statutory auditors shall have the responsibility of auditing the company&#146;s accounts when such duties are not fulfilled by an external auditor. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>40.2 </B>The shareholders&#146; meeting shall appoint the board of statutory auditors, which shall be composed of three permanent auditors and two
temporary auditors, and it shall appoint the chairman for the entire duration of their office and shall resolve upon their compensation. </P>
</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always">
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>40.3 </B>For the entire duration of their office the statutory auditors must meet the requirements
indicated in article 2399 of the civil code. The loss of such requirements shall imply the immediate removal of the statutory auditor and his or her replacement by the oldest temporary auditor. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>40.4 </B>Statutory auditors shall remain in the office until the date of the meeting called for the approval of financial statements relating to the third
fiscal year of their office. Expiration of their office shall take place from the date of the appointment of a new board of statutory auditors. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>40.5
</B>The board of statutory auditors shall be convened at least once every ninety days upon the initiative of its chairman. The board shall be validly established with the presence of the majority of the board of statutory auditors and shall validly
resolve through a favorable absolute majority vote of its members. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>40.6 </B>Meetings may also be held by the use of telecommunication means, in
compliance with the methods indicated in article 27 of these <FONT STYLE="white-space:nowrap">by-laws.</FONT> </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Article 41. The external
auditor </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>41.1 </B>The external auditor or the audit firm in charge of the auditing the company&#146;s accounts, whether appointed pursuant to legal
requirements, shall have the following responsibilities: </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt"><B></B>to audit the regular book-keeping and the correct entering of management events during the financial year,
at least once every three months; </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt"><B></B>to control that the financial statements and, if drawn up, the consolidated accounts of the group
correspond to the results of the entries and with checks which have been carried out, and if they comply with the relevant applicable provisions; </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt"><B></B>to deliver an opinion upon the truth and accuracy of the financial statements of the company and, if any,
of the group. </P></TD></TR></TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>41.2 </B>The audit activity on the company&#146;s accounts shall be registered in a book to be kept at the registered
office of the company. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>41.3 </B>Upon the appointment of the external auditor, the shareholders meeting must also establish its compensation for the
entire duration of its appointment, which in any case may not exceed three fiscal years. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>41.4 </B>For the entire duration of their office the external
auditor or the auditing company must meet the requirements indicated in article 2409-<I>quinquies</I> of the civil code. If they do not meet such requirements, they shall step down from office and it shall not be possible to <FONT
STYLE="white-space:nowrap">re-appoint</FONT> them. In case of forfeiture of the external auditor, the directors must promptly call a meeting in order to appoint a new external auditor. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>41.5 </B>The external auditor shall remain in office until the date of the approval of financial statements relating to the third fiscal year of their term
in office, and they may be <FONT STYLE="white-space:nowrap">re-appointed.</FONT> </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Article 42. Financial statements and dividends
</B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>42.1 </B>Each fiscal year shall end on December 31. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>42.2 </B>The net profit resulting from the financial statements &#151; after a deduction of at least 5% (five per cent) intended for the legal reserve
until such legal reserve reaches one fifth of the share capital &#151; shall be distributed between shareholders in proportion to the shares held by each shareholder, unless the meeting resolves to provide for some extraordinary reserves. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Article 43. Termination and winding up </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>43.1 </B>The company shall be dissolved upon the occurrence of the following events: </P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">a)</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">expiration of the duration provided for in these <FONT STYLE="white-space:nowrap">by-laws;</FONT>
</P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">b)</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">achievement of the corporate purpose or unexpected impossibility of achieving it, unless the meeting, called in
case of necessity, resolves upon a relevant amendment to the <FONT STYLE="white-space:nowrap">by-laws;</FONT> </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">c)</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">impossibility to function or the continued inactivity of the shareholders&#146; meeting; </P></TD></TR></TABLE>
</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always">
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">

<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">d)</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">reduction in the share capital below the minimum threshold provided for
<FONT STYLE="white-space:nowrap">by-law,</FONT> without prejudice to the prescriptions set forth in article 2447 of the civil code; </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">e)</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">the hypothesis contemplated by article 2437-<I>quater</I> of the civil code; </P></TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">f)</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">any resolution of the extraordinary meeting; expressly providing for the dissolving of the company; and
</P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">g)</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">any other event provided for by law. </P></TD></TR></TABLE>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>43.3 </B>In all the cases of termination, the managing body must fulfill the publicity requirements prescribed by the law within thirty days from the date
of the event triggering the termination. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>43.4 </B>The extraordinary meeting, called by the managing body, shall appoint one or more liquidators and
shall establish: </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">a)</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">the number of liquidators; </P></TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">b)</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">in the case that more than one liquidator is appointed, the rules governing the operations of the liquidators,
referring to the rules governing the operations of the board of directors when possible; </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">c)</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">the parties with the responsibility of legally representing the company; </P></TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">d)</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">the standards according to which the winding up should be carried out; and </P></TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">e)</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">any possible limitation on the powers of the liquidators. </P></TD></TR></TABLE>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Article 44. Jurisdiction </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>44.1 </B>Any
dispute that may arise between the company and its shareholders, directors, liquidators pursuant to these <FONT STYLE="white-space:nowrap">by-laws,</FONT> shall fall within exclusive jurisdiction of the Tribunal of Bari. </P>
</DIV></Center>

</BODY></HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-4.1
<SEQUENCE>3
<FILENAME>d370723dex41.htm
<DESCRIPTION>EX-4.1
<TEXT>
<HTML><HEAD>
<TITLE>EX-4.1</TITLE>
</HEAD>
 <BODY BGCOLOR="WHITE">


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right"><B>Exhibit 4.1 </B></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="line-height:1.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000">&nbsp;</P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>NATUZZI S.p.A. </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>2022&#150;2026 STOCK OPTION PLAN </B></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="line-height:1.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000">&nbsp;</P>
</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always">
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>THE NATUZZI <FONT STYLE="white-space:nowrap">2022-2026</FONT> STOCK OPTION PLAN </B></P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">1.</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left"><B><U>Purpose</U></B>.<B> </B>The purpose of this Natuzzi 2022-2026 Stock Option Plan is to advance the
interests of the Company and its stockholders by enhancing the Company&#146;s ability to attract, retain and motivate persons who are expected to make contributions to the Company and its subsidiaries and by providing those persons with incentives
that are intended to align their interests with those of the Company&#146;s stockholders. </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">2.</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left"><B><U>Definitions</U></B>. </P></TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">(a)</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">&#147;<U>Acquiror</U>&#148; means any one person, or more than one such person acting as a group, in each case,
other than (i)&nbsp;the Company, (ii)&nbsp;any subsidiary or Affiliate, (iii)&nbsp;any employee benefit plan sponsored by the Company or by any Affiliate, (iv)&nbsp;an entity of which at least a majority of its Voting Power is owned directly or
indirectly by the Company, (v)&nbsp;an entity owned directly or indirectly by the holders of capital stock of the Company in substantially the same proportions as their ownership of Ordinary Shares or (vi)&nbsp;an entity owned directly or indirectly
by the holders of at least a majority of the Voting Power of the Company outstanding immediately prior to the relevant transaction who continue to hold (either by their shares remaining outstanding in the continuing entity or by their shares being
converted into securities of the surviving entity or its parent entity) a majority of the total Voting Power of the Company (or the surviving entity or its parent entity) outstanding immediately after such transaction. </P></TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">(b)</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">&#147;<U>Administrator</U>&#148; means the Board, the Committee or the member of the Board appointed from time
to time by the Board to administer the Plan in accordance with Section&nbsp;4 hereof. </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">(c)</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">&#147;<U>ADSs</U>&#148; means the American Depositary Shares of the Company, each currently representing five
Shares. </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">(d)</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">&#147;<U>Affiliate</U>&#148; means an entity which directly or indirectly is under the &#147;control&#148; of
the Company or &#147;controls&#148; the Company as determined pursuant to the relevant Applicable Laws. </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">(e)</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">&#147;<U>Applicable Laws</U>&#148; means all applicable laws, rules, regulations and requirements, including,
but not limited to, any Stock Exchange listing conditions, rules or regulations and the applicable laws, rules or regulations of any other country or jurisdiction where Awards are granted under the Plan or Participants reside or provide services, as
such laws, rules and regulations shall be in effect from time to time. </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">(f)</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">&#147;<U>Awards</U>&#148; means Options granted under and pursuant to the terms of the Plan.
</P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">(g)</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">&#147;<U>Award Agreement</U>&#148; means a written document (which may be in electronic form), the form(s) of
which shall be approved from time to time by the Administrator, reflecting the terms of an Award granted under the Plan including any documents attached to or incorporated into such Award Agreement. </P></TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">2 </P>

</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always">
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">

<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">(h)</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">&#147;<U>Board</U>&#148; means the Board of Directors of the Company. </P></TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">(i)</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">&#147;<U>Cashless Transaction</U>&#148; means a transaction pursuant to a program approved by the Administrator
in which payment of the Option exercise price and/or Tax Withholding Obligations applicable to an Award may be satisfied, in whole or in part, with Shares subject to the Award, including by delivery of an irrevocable direction to a securities broker
(on a form prescribed by the Administrator) to sell Shares and to deliver all or part of the sale proceeds to the Company in payment of the aggregate exercise price and, if applicable, the amount necessary to satisfy the applicable Tax Withholding
Obligations. </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">(j)</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">&#147;<U>Cause</U>&#148; means: unless the applicable Award Agreement provides otherwise, (i)&nbsp;the
commission of, or plea of guilty or no contest to, a felony or other crime involving dishonesty, moral turpitude or the commission of any other act involving willful malfeasance or breach of fiduciary duty with respect to the Company or an
Affiliate; (ii)&nbsp;any acts, omissions or statements that are, or are reasonably likely to be, detrimental or damaging to the reputation, operations, prospects or business relations of the Company or an Affiliate; (iii)&nbsp;gross negligence or
willful misconduct with respect to the Company or an Affiliate, or willful or repeated failure or refusal to substantially perform assigned duties; (iv)&nbsp;violation of any applicable state or federal securities laws; (v)&nbsp;material violation
of the Company&#146;s written policies or codes of conduct, including written policies related to discrimination, harassment, performance of illegal or unethical activities, and ethical misconduct; (vi)&nbsp;any act of fraud, embezzlement or
material misappropriation against the Company or an Affiliate; (vii)&nbsp;any material breach of a written agreement with the Company or an Affiliate, including, without limitation, a breach of any employment, consulting, confidentiality, <FONT
STYLE="white-space:nowrap">non-competition,</FONT> <FONT STYLE="white-space:nowrap">non-solicitation,</FONT> <FONT STYLE="white-space:nowrap">non-disparagement</FONT> or similar agreement. The Board, in its absolute discretion, shall determine the
effect of all matters and questions relating to whether a Participant has been discharged for Cause. </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">(k)</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">&#147;<U>Change in Control</U>&#148; means, unless the applicable Award Agreement provides otherwise, the
consummation of any of the following events: (i)&nbsp;an Acquiror acquires ownership of stock of the Company that, together with stock held by such Acquiror, constitutes more than 50% of the total fair market value or total Voting Power of the stock
of the Company; (ii)&nbsp;any merger, consolidation or other business combination transaction of the Company with or into an Acquiror; or (iii)&nbsp;an Acquiror acquires (or has acquired during the <FONT STYLE="white-space:nowrap">12-month</FONT>
period ending on the date of the most recent acquisition by such Acquiror) all or substantially all of the Company&#146;s assets. Notwithstanding anything in this Plan to the contrary, (x)&nbsp;subsections (i) through (iii)&nbsp;shall be interpreted
in a manner that is consistent with the Treasury Regulations promulgated pursuant to Section&nbsp;409A of the Code so that all, and only, such transactions or events that could qualify as a &#147;change in control event&#148; within the meaning of
Treasury Regulation <FONT STYLE="white-space:nowrap">&#167;1.409A-3(i)(5)(i)</FONT> will be deemed to be a Change in Control for purposes of this Plan; <U>provided</U>, <U>however</U>, that such limitation shall
</P></TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">3 </P>

</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always">
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">

<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="9%">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">
only apply to the extent necessary to prevent any tax becoming due under Section&nbsp;409A of the Code; and (y)&nbsp;a transaction shall not constitute a Change in Control if its sole purpose is
to change the state of the Company&#146;s incorporation, or to create a holding company that will be owned in substantially the same proportions by the persons who hold the Company&#146;s securities immediately before such transaction. The Board
shall have full and final authority, which shall be exercised in its discretion, to determine conclusively whether a Change in Control has occurred pursuant to the above definition, the date of the occurrence of such Change in Control and any
incidental matters relating thereto; <U>provided</U> that any exercise of authority in conjunction with a determination of whether a Change in Control is a &#147;change in control event&#148; as defined in Treasury Regulation <FONT
STYLE="white-space:nowrap">Section&nbsp;1.409A-3(i)(5)</FONT> shall be consistent with such regulation. </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">(l)</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">&#147;<U>Code</U>&#148; means the Internal Revenue Code of 1986, as amended. </P></TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">(m)</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">&#147;<U>Committee</U>&#148; means the Compensation Committee of the Board or one or more other committees or
subcommittees of the Board appointed by the Board to administer the Plan in accordance with Section&nbsp;4 hereof and consisting of two (2)&nbsp;or more Directors (or such greater number of Directors as shall constitute the minimum number permitted
by Applicable Laws to establish a committee or <FONT STYLE="white-space:nowrap">sub-committee</FONT> of the Board appointed for such purpose). </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">(n)</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">&#147;<U>Ordinary Shares</U>&#148; means the Company&#146;s ordinary shares, Euro 1 par value per share, as
adjusted in accordance with Section&nbsp;9 hereof. </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">(o)</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">&#147;<U>Company</U>&#148; means Natuzzi S.p.A., an Italian corporation, and any successor thereto.
</P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">(p)</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">&#147;<U>Continuous Service Status</U>&#148; means the absence of any interruption or termination of service as
an Employee or Director (unless otherwise provided for in the applicable Award Agreement). Subject to Applicable Laws, the Administrator shall determine whether any leave of absence shall constitute an interruption of Continuous Service Status;
<U>provided</U>, <U>however</U>, that, the Administrator shall not have any such discretion to the extent that the grant of such discretion would cause any tax to become due under Section&nbsp;409A of the Code. Except as provided herein or in the
applicable Award agreement, Continuous Service Status as an Employee or Director shall not be considered interrupted or terminated in the case of a change in the capacity in which the Participant renders service to the Company or an Affiliate or
transfers between locations of the Company or between the Company or Affiliates, or their respective successors; <U>provided</U> that if any Award is subject to Section&nbsp;409A of the Code, this sentence shall only be given effect to the extent
consistent with Section&nbsp;409A of the Code. </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">(q)</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">&#147;<U>Delisting</U>&#148; means the delisting of the ADS prior to the Expiration Date, with the effect that
the ADS are no longer listed on any recognised stock exchange, nor subject to any other public trading. </P></TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">4 </P>

</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always">
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">

<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">(r)</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">&#147;<U>Director</U>&#148; means a member of the board of directors of the Company or of any Affiliate.
</P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">(s)</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">&#147;<U>Disability</U>&#148; means, unless the applicable Award Agreement provides otherwise, that the
Participant is unable to engage in any substantial gainful activity by reason of any medically determinable physical or mental impairment which can be expected to result in death or which has lasted or can be expected to last for a continuous period
of not less than twelve (12)&nbsp;months. The determination of whether an individual has a Disability shall be made by the Administrator in good faith subject to Applicable Laws. </P></TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">(t)</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">&#147;<U>Employee</U>&#148; means any person employed by the Company or any Affiliate, with the status of
employment determined pursuant to such factors as are deemed appropriate by the Administrator in its sole discretion, subject to any requirements of the Applicable Laws. </P></TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">(u)</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">&#147;<U>Exchange Act</U>&#148; means the Securities Exchange Act of 1934, as amended. </P></TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">(v)</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">&#147;<U>Expiration Date</U>&#148; means May&nbsp;31, 2028, which is the date following which all outstanding
Options shall expire if not exercised. </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">(w)</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">&#147;<U>Fair Market Value</U>&#148; means, as of any date, the value of the Ordinary Shares determined as
follows: (i)&nbsp;if the Ordinary Shares are listed on any Stock Exchange or traded on any established market, the Fair Market Value of a Share will be, unless otherwise determined by the Administrator, the closing sales price for such stock as
quoted on such exchange or market (or the exchange or market with the greatest volume of trading in the Ordinary Shares) on the date of determination, as reported in a source the Administrator deems reliable; (ii)&nbsp;unless otherwise provided by
the Administrator, if there is no closing sales price for the Ordinary Shares on the date of determination, then the Fair Market Value of a Share will be the closing selling price on the last preceding date for which such quotation exists;
(iii)&nbsp;if ADSs are listed on any Stock Exchange or traded on any established market, the Fair Market Value of a Share will be, unless otherwise determined by the Administrator, the closing sales price for ADSs as quoted on such exchange or
market (or the exchange or market with the greatest volume of trading in the ADSs) on the date of determination, as reported in a source the Administrator deems reliable divided by five (5); (iv) unless otherwise provided by the Administrator, if
there is no closing sales price for ADSs on the date of determination, then the Fair Market Value of a Share will be the closing selling price on the last preceding date for which such quotation exists divided by five (5); or (v)&nbsp;in the absence
of such markets for the Ordinary Shares or ADSs, the Fair Market Value of a Share will be determined by the Administrator in good faith and in a manner that complies with Section409A of the Code, if applicable. </P></TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">(x)</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">&#147;<U>Option</U>&#148; means an option to purchase Ordinary Shares granted pursuant to Section&nbsp;6
hereof. </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">(y)</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">&#147;<U>Optionee</U>&#148; means an Employee or Director who receives an Option. </P></TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">5 </P>

</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always">
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">

<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">(z)</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">&#147;<U>Participant</U>&#148; means each person who is granted an Award under the Plan. </P></TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">(aa)</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">&#147;<U>Plan</U>&#148; means this Natuzzi 2022-2026 Stock Option Plan, as amended and/or amended and restated
from time to time. </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">(bb)</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">&#147;<U>Securities Act</U>&#148; means the Securities Act of 1933, as amended. </P></TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">(cc)</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">&#147;<U>Share</U>&#148; means an Ordinary Share, as adjusted in accordance with Section&nbsp;9 hereof.
</P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">(dd)</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">&#147;<U>Stock Exchange</U>&#148; means any stock exchange or consolidated stock price reporting system on
which prices for the Ordinary Shares or the ADSs are quoted at any given time. </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">(ee)</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">&#147;<U>Tax Withholding Obligations</U>&#148; means any applicable federal, national, state or local tax
withholding obligations, social security contributions, required deductions or other similar obligations that may arise in connection with an Award. </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">(ff)</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">&#147;<U>Voting Power</U>&#148; means the total combined voting power of all classes of stock (or, in the case
of an entity that is not a corporation, similar equity interests) of the relevant entity determined in a manner consistent with the principles applicable to Section&nbsp;409A of the Code, to the extent applicable. </P></TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">3.</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left"><B><U>Eligibility</U></B>. All key Employees and Directors, as determined by the Board, are eligible to be
Participants under the Plan. </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">4.</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left"><B><U>Administration and Delegation</U></B>. </P></TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">(a)</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left"><U>General</U>. The Plan shall be administered by the Board. The Board may delegate some or all of its powers
under the Plan to a Committee (in the composition required by, or as necessary to meet the requirements of, Applicable Law) or to any Director of the Company in its sole discretion, and such Committee or Director shall have the authority to
administer the Plan with respect to the specific duties delegated to it. </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">(b)</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left"><U>Powers of the Administrator</U>. Subject to the provisions of the Plan and the specific duties delegated by
the Board to a Committee or Director pursuant to Section&nbsp;4(a), the Administrator shall have the authority, in its sole discretion: </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="9%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(i)</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">to administer the Plan and to adopt, amend and rescind from time to time rules and regulations for the
administration of the Plan; </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="9%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(ii)</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">to determine the Fair Market Value; <U>provided</U> that such determination shall be applied consistently with
respect to Participants under the Plan; </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="9%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(iii)</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">to select the Employees and Directors to whom Awards may from time to time be granted; </P></TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="9%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(iv)</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">to determine the number of Shares to be covered by each Award; </P></TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="9%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(v)</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">to approve the form(s) of Award Agreement(s) and other related documents used under the Plan;
</P></TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">6 </P>

</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always">
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">

<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="9%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(vi)</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">to determine the terms and conditions, not inconsistent with the terms of the Plan, of any Award granted
hereunder, which terms and conditions include but are not limited to the exercise price, the time or times when Awards may vest and/or be exercised (which may be based on service and/or performance criteria, if any), the circumstances (if any) when
vesting will be accelerated or forfeiture restrictions will be waived, and any restriction or limitation regarding any Award (including any blackout); </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="9%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(vii)</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">to amend, waive or otherwise adjust the terms and conditions of any outstanding Award, any Award Agreement or
any other agreement related to an Award, including any amendment adjusting vesting or exercisability; <U>provided</U> that no such amendment, waiver or adjustment shall be made that would materially and adversely affect the rights of any Participant
with respect to such Award without such Participant&#146;s consent; and <U>provided</U>, <U>further</U>, that the Administrator shall not have any such authority to the extent that the grant of such authority would cause any tax to become due under
Section&nbsp;409A of the Code; </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="9%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(viii)</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">to (A)&nbsp;extend the term of any Award, including, without limitation, extending the period following a
termination of a Participant&#146;s Continuous Service Status during which any such Award may remain outstanding or (B)&nbsp;provide for the accrual of dividends or dividend equivalents with respect to any such Award; <U>provided</U> that the
Administrator shall not have any such authority to the extent that the grant of such authority would cause any tax to become due under Section&nbsp;409A of the Code; </P></TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="9%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(ix)</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">to approve addenda pursuant to Section&nbsp;4(c) hereof or to grant Awards, or to modify the terms of any
outstanding Award Agreement or any agreement related to any Option with such terms and conditions as the Administrator deems necessary or appropriate to accommodate differences in local law, tax policy or custom which deviate from the terms and
conditions set forth in this Plan to the extent necessary or appropriate to accommodate such differences; </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="9%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(x)</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">to modify the terms of any outstanding or future Award in the event that an ADS no longer represents five
(5)&nbsp;Shares to provide (a)&nbsp;for a revised number of Shares subject to an Option pursuant to the terms of any Award Agreement, (b)&nbsp;for the modified conversion ratio of ADSs to Shares to be represented in the definitions of
&#147;ADS&#148; and &#147;Fair Market Value&#148; hereunder, (c)&nbsp;for new requirements for Option exercise as provided in any Award Agreement to avoid the receipt of fractional ADSs, (d)&nbsp;for a revised exchange rate of Shares to ADSs
pursuant to the terms of any Award Agreement and (e)&nbsp;for any additional equitable adjustments it deems necessary in its sole discretion; </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="9%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(xi)</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">to construe and interpret the terms of the Plan, any Award Agreement and any agreement related to any Option,
which constructions, interpretations and decisions shall be final and binding on all Participants; and </P></TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">7 </P>

</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always">
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">

<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="9%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(xii)</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">to exercise discretion to take or make any and all other actions or determinations which it determines to be
necessary or advisable for the administration of the Plan. </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">(c)</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left"><U>Addenda</U>. The Administrator may approve such addenda to the Plan as it may consider necessary or
appropriate for the purpose of granting Awards to Employees or Directors, which may contain such terms and conditions as the Administrator deems necessary or appropriate to accommodate differences in local law, tax policy or custom, and which may
deviate from the terms and conditions set forth in this Plan. The terms of any such addenda shall supersede the terms of the Plan to the extent necessary to accommodate such differences but shall not otherwise affect the terms of the Plan as in
effect for any other purpose. </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">(d)</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left"><U>Delegation of Administration of the Plan</U>. The Administrator may delegate the administration of the Plan
to one or more officers or employees of the Company, and such delegate administrator(s) may have the authority to execute and distribute Award Agreements, to maintain records relating to Awards, to process or oversee the issuance of Ordinary Shares
under Awards, to interpret and administer the terms of Awards and to take such other actions as may be necessary or appropriate for the administration of the Plan and of Awards under the Plan; <U>provided</U> that in no case shall any such delegate
administrator be authorized (i)&nbsp;to grant Awards under the Plan, (ii)&nbsp;to take any action inconsistent with Section&nbsp;409A of the Code or (iii)&nbsp;to take any action inconsistent with Applicable Law. Any action by any such delegate
administrator within the scope of its delegation shall be deemed for all purposes to have been taken by the Administrator and, except as otherwise specifically provided, references in this Plan to the Administrator shall include any such delegate
administrator. </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">(e)</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left"><U>Decisions of the Administrator</U>. Decisions of the Administrator shall be final, binding and conclusive on
all parties. For the avoidance of doubt, the Administrator may exercise all discretion granted to it under the Plan in a <FONT STYLE="white-space:nowrap">non-uniform</FONT> manner among Participants and Awards, and the Administrator may take
different actions with respect to the vested and unvested portions of an Award. </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">5.</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left"><B><U>Stock Available for Awards</U></B>. </P></TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">(a)</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left"><U>Available Shares</U>. Subject to adjustment under Section&nbsp;9, the maximum number of Shares available for
the grant of Awards under the Plan is 5,485,304 Shares. Shares issued under the Plan may consist in whole or in part of authorized but unissued Shares, reacquired Shares or treasury Shares, as the Administrator determines in its sole discretion. If
an Award should expire or become unexercisable for any reason without having been exercised in full, the unissued Shares that were subject to such Award shall, unless the </P></TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">8 </P>

</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always">
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">

<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="13%">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">
Plan shall have been terminated, continue to be available under the Plan for issuance pursuant to future Awards. Shares issued under the Plan that are later forfeited to the Company due to the
failure to vest (including, without limitation, upon forfeiture in connection with the termination of a Participant&#146;s Continuous Service Status) shall again be available for future grant under the Plan. </TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">6.</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left"><B><U>Stock Options</U></B>. </P></TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">(a)</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left"><U>General</U>. The Administrator may from time to time grant Options on such terms as it shall determine,
subject to the terms and conditions set forth in the Plan. </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">(b)</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left"><U>Term of Option</U>. The term of each Option shall be the term stated in the Award Agreement; <U>provided</U>
that the term shall not exceed the Expiration Date or such shorter term as may be provided in the Award Agreement. </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">(c)</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left"><U>Exercise Price</U>. The per Share exercise price for the Shares to be issued pursuant to the exercise of an
Option shall be such price as is determined by the Administrator and set forth in the Award Agreement, but shall be subject to the following: </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="9%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(i)</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">the per Share exercise price shall be such price as is determined by the Administrator, <U>provided</U> that,
if the per Share exercise price is less than 100% of the Fair Market Value on the date of grant, it shall otherwise comply with all Applicable Laws, including Section&nbsp;409A of the Code; and </P></TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="9%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(ii)</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">notwithstanding the foregoing, Options may be granted (or assumed) with a per Share exercise price other than
as required above pursuant to a merger or other corporate transaction. </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">(d)</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left"><U>Permissible Consideration</U>. The consideration to be paid for the Shares to be issued upon exercise of an
Option, including the method of payment, shall be determined by the Administrator (and to the extent required by Applicable Laws shall be determined at the time of grant) and may consist entirely of (1)&nbsp;cash; (2) check; (3)&nbsp;other
previously owned Shares that have a Fair Market Value on the date of surrender equal to the aggregate exercise price of the Shares as to which the Option is exercised; (4)&nbsp;a Cashless Transaction; (5)&nbsp;such other consideration and method of
payment permitted under Applicable Laws; or (6)&nbsp;any combination of the foregoing methods of payment. In making its determination as to the type of consideration to accept, the Administrator shall consider if acceptance of such consideration may
be reasonably expected to benefit the Company, and the Administrator may, in its sole discretion, refuse to accept a particular form of consideration at the time of any Option exercise. </P></TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">9 </P>

</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always">
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">

<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">(e)</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left"><U>Exercise of Options</U>. </P></TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="9%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(i)</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left"><I>Exercisability</I>. Any Option granted hereunder shall be exercisable at such times and under such
conditions as determined by the Administrator, consistent with the terms of the Plan and reflected in the Award Agreement, including vesting criteria. Any such vesting criteria may be based upon the achievement of Company-wide, business unit, or
individual goals (including, but not limited to, Continuous Service Status), or any other basis determined by the Administrator in its sole discretion. Each Option shall be exercisable in whole or in part. The partial exercise of an Option shall not
cause the expiration, termination or cancellation of the remaining portion thereof. </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="9%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(ii)</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left"><I>Minimum Exercise Requirements</I>. An Option may not be exercised for a fraction of a Share. The
Administrator may require that an Option be exercised as to a minimum number of Shares or a minimum aggregate exercise price. </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="9%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(iii)</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left"><I>Procedures for and Results of Exercise</I>. An Option shall be deemed exercised when written notice (which
may be in electronic form) of such exercise has been received by the Company in accordance with the terms of the Award Agreement from the person entitled to exercise the Option and the Company has received full payment for the Shares with respect to
which the Option is exercised and the person entitled to exercise the Option has paid, or made arrangements to satisfy, any Tax Withholding Obligations in accordance with Section&nbsp;7 hereof. </P></TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="9%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(iv)</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left"><I>Form and Timing of Settlement</I>. Settlement of an exercised Option will be made upon the date(s) or
event(s) determined by the Administrator and may be subject to additional conditions, if any, including as required by, or as necessary to meet the requirements of, Applicable Law, each as set forth in the applicable Award Agreement. The
Administrator, in its sole discretion, may provide for the settlement of an exercised Option in cash, Shares, or a combination of both in accordance with Section&nbsp;6(d) hereof, and/or may, in its discretion, provide that settlement of an Option
shall be deferred, on a mandatory basis or at the election of the Participant in a manner that complies with Section&nbsp;409A of the Code; <U>provided</U> that the Administrator shall not have such authority to the extent that the grant of such
authority would cause any tax to become due under Section&nbsp;409A of the Code. </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="9%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(v)</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left"><I>Rights as Holder of Capital Stock</I>. Until the issuance of the Shares (as evidenced by the appropriate
entry on the books of the Company or of a duly authorized transfer agent of the Company), no right to vote or receive dividends or any other rights as a holder of capital stock shall exist with respect to the Shares underlying an Option. No
adjustment to the Shares underlying an Option will be made for a dividend or other right for which the record date is prior to the date of issuance of such Shares, except as provided in Section&nbsp;9 hereof. </P></TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">10 </P>

</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always">
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">

<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="9%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(vi)</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left"><I>No Obligation to Exercise</I>. The grant to a Participant of an Option shall impose no obligation upon such
Participant to exercise such Option. </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">(f)</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left"><U>Termination of Continuous Service Status</U>. The Administrator shall establish and set forth in the
applicable Award Agreement the terms and conditions upon which an Option shall remain exercisable, if at all, following termination of an Optionee&#146;s Continuous Service Status, which provisions may be waived or modified by the Administrator at
any time. To the extent that an Award Agreement does not specify the terms and conditions upon which an Option shall terminate upon termination of an Optionee&#146;s Continuous Service Status, the following provisions shall apply:
</P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="9%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(i)</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left"><I>General Provisions</I>. If the Optionee (or other person entitled to exercise the Option) does not exercise
the Option to the extent so entitled within the time specified below, the Option shall terminate and the Shares underlying the unexercised portion of the Option shall revert to the Plan. In no event may any Option be exercised after the expiration
of the Option term as set forth in the Award Agreement (and subject to Section&nbsp;6(b) hereof). </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="9%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(ii)</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left"><I>Termination other than Upon Disability or Death or for Cause</I>. In the event of termination of an
Optionee&#146;s Continuous Service Status other than under the circumstances set forth in subsections (iii)&nbsp;through (v) below, such Optionee may exercise any outstanding Option at any time within six (6)&nbsp;months following such termination
to the extent the Optionee is vested in such Option. The unvested portion of any outstanding Option held by such Optionee shall immediately terminate upon the termination of the Optionee&#146;s Continuous Service Status. </P></TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="9%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(iii)</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left"><I>Disability of Optionee</I>. In the event of termination of an Optionee&#146;s Continuous Service Status as a
result of his or her Disability, such Optionee may exercise any outstanding Option at any time within six (6)&nbsp;months following such termination to the extent the Optionee is vested in such Option. The unvested portion of any outstanding Option
held by such Optionee shall immediately terminate upon the termination of the Optionee&#146;s Continuous Service Status. </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="9%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(iv)</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left"><I>Death of Optionee</I>. In the event of the death of an Optionee during the period of Continuous Service
Status since the date of grant of any outstanding Option, or within thirty (30)&nbsp;days following termination of Optionee&#146;s Continuous Service Status, the Option may be exercised by the Option&#146;s estate, or by a person who acquired the
right to exercise the Option by bequest or inheritance, at any time within six (6)&nbsp;months following the date of death or, if earlier, the date the Optionee&#146;s Continuous Service Status terminated, but only to the extent the Optionee is
vested in such Option. The unvested portion of any outstanding Option held by such Optionee shall immediately terminate upon the termination of the Optionee&#146;s Continuous Service Status. </P></TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">11 </P>

</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always">
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">

<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="9%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(v)</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left"><I>Termination for Cause</I>. In the event of termination of an Optionee&#146;s Continuous Service Status for
Cause, any outstanding Option (including any vested portion thereof) held by such Optionee shall immediately terminate in its entirety upon first notification to the Optionee of termination of the Optionee&#146;s Continuous Service Status for Cause.
</P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">7.</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left"><B><U>Taxes</U></B>. </P></TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">(a)</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">As a condition of the grant, vesting and exercise or settlement of an Award, the Participant (or, in the case
of the Participant&#146;s death or a permitted transferee, the person holding, exercising or receiving the proceeds of the Award) shall make such arrangements as the Administrator may require for the satisfaction of any Tax Withholding Obligations
that may arise in connection with such Award. The Company shall not be required to issue any Shares under the Plan until such obligations are satisfied. </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">(b)</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">The Administrator may, in its sole discretion, permit or require a Participant (or, in the case of the
Participant&#146;s death or a permitted transferee, the person holding, exercising or receiving the proceeds of the Award) to satisfy all or part of his or her Tax Withholding Obligations by remitting cash to the Company, by Cashless Transaction or
by surrendering Shares (either directly or by stock attestation) that he or she previously acquired; <U>provided</U> that, unless specifically permitted by the Administrator (i)&nbsp;any Cashless Transaction must be an approved broker-assisted
Cashless Transaction and the Shares withheld in the Cashless Transaction must be limited to avoid financial accounting charges under applicable accounting guidance, and (ii)&nbsp;the use of any surrendered Shares must be limited to avoid financial
accounting charges under applicable accounting guidance. Any payment of taxes by surrendering Shares to the Company may be subject to restrictions, including, but not limited to, any restrictions required by rules of the Securities and Exchange
Commission. In addition, upon the exercise or settlement of any Award in cash, or the making of any other payment with respect to any Award (other than in Shares), the Company shall have the right to withhold from any payment required to be made
pursuant thereto an amount sufficient to satisfy any Tax Withholding Obligations attributable to such exercise, settlement or payment. </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">(c)</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">The Company will have no duty or obligation to any Participant to advise such holder as to the tax treatment or
time or manner of exercising an Award. Furthermore, the Company will have no duty or obligation to warn or otherwise advise such holder of a pending termination or expiration of an Award or a possible period in which the Award may not be exercised.
The Company has no duty or obligation to minimize the tax consequences of an Award to the holder of such Award. </P></TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">12 </P>

</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always">
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">

<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">8.</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left"><B><U><FONT STYLE="white-space:nowrap">Non-Transferability</FONT> of Awards</U></B>. Unless otherwise
determined by the Administrator, Awards may not be sold, pledged, assigned, hypothecated, transferred or disposed of in any manner other than by will or by the laws of descent or distribution. An Option may be exercised, during the lifetime of the
holder of the Option, only by such holder or a transferee permitted by this Section&nbsp;8. Upon the death of a Participant, outstanding Awards granted to such Participant may be exercised only by the executors or administrators of the
Participant&#146;s estate, by any person or persons who shall have acquired such right to exercise by will or by the laws of descent and distribution or by another transferee permitted by the Administrator pursuant to this Section&nbsp;8, it being
understood that neither the Administrator nor the Company has an obligation to notify such persons of the existence of the Plan and/or of the outstanding Awards granted to such Participant. No transfer by will, the laws of descent and distribution
or otherwise of any Award, or of the right to exercise any Award, shall be effective to bind the Company unless (a)&nbsp;the Administrator shall have been furnished with written notice thereof and with a copy of the will and/or such evidence as the
Administrator may deem necessary to establish the validity of the transfer, (b)&nbsp;if the transfer was other than by will or by the laws of descent or distribution, the Administrator has provided its written consent to such transfer, and
(c)&nbsp;the Administrator shall have been furnished with an agreement by the transferee to comply with all the terms and conditions of the Award that are or would have been applicable to the Participant, to be bound by the acknowledgements made by
the Participant in connection with the grant of the Award and, if the transfer was other than by will or by the laws of descent or distribution, to be bound by any additional conditions the Administrator may, in its sole discretion, impose. For the
avoidance of doubt, to the extent an unvested Award is transferred, the Continuous Service Status of the Participant will continue to determine, without limitation, the vesting and exercisability of such Award, to the same extent that the Continuous
Service Status of the Participant would have done so had the Participant continued to directly hold such Award. </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">9.</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left"><B><U>Adjustments Upon Changes in Capitalization, Merger or Certain Other Transactions</U></B>.
</P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">(a)</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left"><U>Changes in Capitalization</U>. No issuance by the Company of shares of stock of any class, or securities
convertible into shares of stock of any class, shall affect, and no adjustment by reason thereof shall be made with respect to, the number or price of Shares subject to, or the terms related to, an Award, and no Participant shall have any rights by
reason of any subdivision or consolidation of shares of stock of any class, the payment of any dividends or dividend equivalents, any increase or decrease in the number of shares of stock of any class or any dissolution, liquidation, merger or
consolidation of the Company or any other corporation. Subject to any action required under Applicable Laws by the holders of capital stock of the Company, (i)&nbsp;the numbers and class (or type) of Shares, units representing Shares, or other stock
or securities: (x)&nbsp;available for future Awards under Section&nbsp;5 hereof and (y)&nbsp;covered by each outstanding Award, and (ii)&nbsp;the price per Share covered by each such outstanding Option, may be proportionately adjusted (or
substituted) by the Administrator in the event of a stock split, reverse stock split, combination, consolidation, or reclassification of the Shares, extraordinary dividend of cash or other property, subdivision of the Shares, exchange of the Shares,
a </P></TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">13 </P>

</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always">
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">

<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="9%">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">
reorganization, merger, <FONT STYLE="white-space:nowrap">spin-off,</FONT> <FONT STYLE="white-space:nowrap">split-up,</FONT> change in corporate structure, other increase or decrease in the number
of Shares or other similar occurrence. Any adjustment by the Administrator pursuant to this Section&nbsp;9 shall be made in the Administrator&#146;s sole discretion and shall be final, binding and conclusive. If, by reason of a transaction described
in this Section&nbsp;9 or an adjustment pursuant to this Section&nbsp;9, a Participant&#146;s Award Agreement or agreement related to any Share relating to or underlying an Award covers additional or different shares of stock or securities (or units
representing additional or different shares of stock or securities), then such additional or different shares (and the units representing such additional or different shares), and the Award Agreement or agreement related to the Shares underlying an
Award, shall be subject to all of the terms, conditions and restrictions which were applicable to the Award or Shares underlying the Award prior to such adjustment. </TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">(b)</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left"><U>Dissolution or Liquidation</U>. In the event of the dissolution or liquidation of the Company, each Award
will terminate immediately prior to the consummation of such action, unless otherwise determined by the Administrator. </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">(c)</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left"><U>Corporate Transactions</U>. In the event of (i)&nbsp;a transfer of all or substantially all of the
Company&#146;s assets, (ii)&nbsp;a merger, consolidation or other capital reorganization or business combination transaction of the Company with or into another corporation, entity or person, or (iii)&nbsp;the consummation of a transaction, or
series of related transactions, in which any &#147;person&#148; (as such term is used in Sections 13(d) and 14(d) of the Exchange Act) becomes the &#147;beneficial owner&#148; (as defined in Rule <FONT STYLE="white-space:nowrap">13d-3</FONT> of the
Exchange Act), directly or indirectly, of more than 50% of the total Voting Power of the Company (each transaction set forth in clauses (i)&nbsp;through (iii) hereof, a &#147;<U>Corporate Transaction</U>&#148;), each outstanding Award (vested or
unvested) will be treated as the Administrator determines, which determination may be made without the consent of any Participant. Such determination, without the consent of any Participant, may provide (without limitation) for one or more of the
following in the event of a Corporate Transaction: (A)&nbsp;the continuation of such outstanding Awards by the Company (if the Company is the surviving corporation); (B) the assumption of such outstanding Awards by the surviving corporation or its
parent; (C)&nbsp;the substitution by the surviving corporation or its parent of new awards for such Awards; (D)&nbsp;the cancellation of such Awards in exchange for a payment to the Participants equal to the excess (if any) of (1)&nbsp;the Fair
Market Value of the Shares subject to such Awards as of the closing date of such Corporate Transaction (which may, for this purpose, be determined by reference to the value, as determined by the Administrator, of the property (including cash)
received by the holder of a Share as a result of such Corporate Transaction) over (2)&nbsp;the exercise price or purchase price paid or to be paid for the Shares subject to the Awards (if any); or (E)&nbsp;the cancellation of any outstanding Awards
for no consideration. </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">(d)</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left"><U>Savings Clause</U>. No provision of this Section&nbsp;9 shall be given effect to the extent that such
provision would cause any tax to become due under Section 409A of the Code. Furthermore, no provision of this Section&nbsp;9 shall be given effect to the extent such provision would result in short-swing profits liability under Section&nbsp;16 of
the Exchange Act or violate the exemptive conditions of Rule <FONT STYLE="white-space:nowrap">16b-3.</FONT> </P></TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">14 </P>

</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always">
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">

<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">10.</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left"><B><U>Change in Control and Delisting</U></B>. The consequences of a Change in Control, or of a voluntary
Delisting, if any, with respect to an Award will be set forth in the applicable Award Agreement, provided that the Board may also determine whether any amendments to the Plan are required as a result of the Change in Control or voluntary Delisting.
In the event of an involuntary Delisting, all outstanding Options shall be canceled and the Plan shall be terminated. </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">11.</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left"><B><U>Time of Granting of Awards</U></B>. The date of grant of an Award shall, for all purposes, be the date on
which the Administrator makes the determination granting such Award, or such other date as is determined by the Administrator. </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">12.</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left"><B><U>Amendment and Termination of the Plan</U></B>. The Board may at any time amend or terminate the Plan, but
no amendment or termination (other than an adjustment pursuant to Section&nbsp;9 hereof or the cancellation of any outstanding Options and the termination of the Plan pursuant to Section&nbsp;10 hereof) shall be made that would materially and
adversely affect the rights of any Participant under any outstanding Award, without his or her consent. The preceding sentence shall not restrict the Administrator&#146;s ability to exercise its discretionary authority hereunder, which discretion
may be exercised without amendment to the Plan. No provision of this Section&nbsp;12 shall be given effect to the extent that such provision would cause any tax to become due under Section&nbsp;409A of the Code. In addition, to the extent necessary
to comply with the Applicable Laws, the Company shall obtain the approval of holders of capital stock with respect to any Plan amendment in such a manner and to such a degree as required. </P></TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">13.</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left"><B><U>Recoupment</U></B>. Notwithstanding anything in the Plan or in any Award Agreement to the contrary, the
Company will be entitled to the extent permitted or required by Applicable Law, any Company policy that is or may be adopted and/or the requirements of a Stock Exchange on which the Shares are listed for trading, in each case, as in effect from time
to time, to recoup compensation of whatever kind paid by the Company at any time to a Participant under this Plan. No such recoupment of compensation will be an event giving rise to a right to resign for &#147;good reason&#148; or &#147;constructive
termination&#148; (or similar term) under any agreement between any Participant and the Company. </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">14.</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left"><B><U>Failure to Comply</U></B>. In addition to the remedies of the Company elsewhere provided for herein,
failure by a Participant to comply with any of the terms and conditions of the Plan or any Award Agreement, unless such failure is remedied by such Participant within ten days after having been notified of such failure by the Administrator, shall be
grounds for the cancellation and forfeiture of such Award, in whole or in part, as the Administrator, in its sole discretion, may determine. </P></TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">15 </P>

</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always">
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">

<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">15.</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left"><B><U>Conditions Upon Issuance of Shares; Securities Matters</U></B>. The Company shall be under no obligation
to affect the registration pursuant to the Securities Act of 1933, as amended, of any Shares to be issued hereunder or to effect similar compliance under any state, local or <FONT STYLE="white-space:nowrap">non-U.S.</FONT> laws. Notwithstanding any
other provision of the Plan or any Award Agreement, the Company shall not be obligated, and shall have no liability for failure, to issue or deliver any Shares under the Plan unless such issuance or delivery would comply with the Applicable Laws,
with such compliance determined by the Company in consultation with its legal counsel. The Administrator may require, as a condition to the issuance of Shares pursuant to the terms hereof, that the recipient of such Shares make such covenants,
agreements and representations, and that any related certificates representing such Shares bear such legends, as the Administrator, in its sole discretion, deems necessary or desirable. The exercise or settlement of any Award granted hereunder shall
only be effective at such time as counsel to the Company shall have determined that the issuance and delivery of Shares pursuant to such exercise or settlement is in compliance with all Applicable Laws. The Company may, in its sole discretion, defer
the effectiveness of any exercise or settlement of an Award granted hereunder in order to allow the issuance of Shares pursuant thereto to be made pursuant to registration or an exemption from registration or other methods for compliance available
under any federal, state, or local securities laws. The Company shall inform the Participant in writing of its decision to defer the effectiveness of the exercise or settlement of an Award granted hereunder. During the period that the effectiveness
of the exercise of an Award has been deferred, the Participant may, by written notice, withdraw such exercise and obtain the refund of any amount paid with respect thereto. </P></TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">16.</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left"><B><U>Section</U></B><B><U></U></B><B><U>&nbsp;409A</U></B>. </P></TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">(a)</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">Unless otherwise expressly provided for in an Award Agreement, the Plan and each Award Agreement will be
interpreted to the greatest extent possible in a manner that makes the Plan and the Awards granted hereunder exempt from Section&nbsp;409A of the Code, and, to the extent not so exempt, in compliance with Section&nbsp;409A of the Code. If the
Administrator determines that any Award granted hereunder is not exempt from and is therefore subject to Section&nbsp;409A of the Code, the Award Agreement evidencing such Award will incorporate the terms and conditions necessary to avoid the
consequences specified in Section&nbsp;409A(a)(1) of the Code, and to the extent an Award Agreement is silent on terms necessary for compliance, such terms are hereby incorporated by reference into the Award Agreement. Notwithstanding anything to
the contrary in this Plan (and unless the Award Agreement specifically provides otherwise), if the Shares are publicly traded, and if a Participant holding an Award that constitutes &#147;deferred compensation&#148; under Section&nbsp;409A of the
Code is a &#147;specified employee&#148; for purposes of Section&nbsp;409A of the Code, no distribution or payment of any amount that is due because of a &#147;separation from service&#148; (as defined in Section&nbsp;409A of the Code without regard
to alternative definitions thereunder) will be issued or paid before the date that is six (6)&nbsp;months following the date of such Participant&#146;s &#147;separation from service&#148; (as defined in Section&nbsp;409A of the Code without regard
to alternative definitions thereunder) or, if earlier, the date of the Participant&#146;s death, unless such distribution or payment can be </P></TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">16 </P>

</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always">
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">

<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="9%">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">
made in a manner that complies with Section&nbsp;409A of the Code, and any amounts so deferred will be paid in a lump sum on the day after such six month period elapses, with the balance paid
thereafter on the original schedule. Each payment provided any Participant in connection with an Award granted hereunder shall be considered a separate payment for purposes of Section&nbsp;409A of the Code. </TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">(b)</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">With respect to any Award that constitutes nonqualified deferred compensation within the meaning of
Section&nbsp;409A of the Code, termination of a Participant&#146;s Continuous Service Status shall mean a separation from service within the meaning of Section&nbsp;409A of the Code, unless the Participant was an Employee immediately prior to such
termination and is then contemporaneously retained as a Director pursuant to a written agreement and such agreement provides otherwise. The Continuous Service Status of a Participant shall be deemed to have terminated for all purposes of the Plan if
such person is employed by or provides services to subsidiary and such subsidiary ceases to be a subsidiary, unless the Administrator determines otherwise. To the extent permitted by Section&nbsp;409A of the Code, a Participant who ceases to be an
Employee of the Company but continues, or simultaneously commences, services as a Director of the Company shall not be deemed to have had a termination of Continuous Service Status for purposes of the Plan. </P></TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">(c)</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">Notwithstanding the foregoing, neither the Company nor the Administrator shall have any obligation to take any
action to prevent the assessment of any additional tax or penalty on any Participant under Section&nbsp;409A of the Code and neither the Company nor the Administrator will have any liability to any Participant for such tax or penalty.
</P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">17.</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left"><B><U>No Employment Rights</U></B>.<B> </B>Neither the Plan nor any Award shall confer upon any Employee or
Director any right with respect to continuation of an employment or service relationship with the Company (or any Affiliate thereof), nor shall it interfere in any way with (i)&nbsp;such Employee&#146;s or Director&#146;s right or the Company&#146;s
(or Affiliate&#146;s) right to terminate his or her employment or service relationship at any time, with or without Cause, or (ii)&nbsp;the Company&#146;s right to increase or decrease the compensation of the Participant from the rate in existence
at the time of the grant of an Award. No payment with respect to any Awards under the Plan shall be taken into account in determining any benefits under any pension, retirement, profit sharing, group insurance or other benefit plan of the Company
except as otherwise specifically provided in such other plan. </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">18.</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left"><B><U>No Right to Awards</U></B>. No person shall have any claim or right to receive an Award hereunder. The
Administrator&#146;s granting of an Award to a Participant at any time shall neither require the Administrator to grant another Award to such Participant, or to grant an Award to any other Participant or other person at any other time, nor preclude
the Administrator from making subsequent grants to such Participant or any other Participant or other person. </P></TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">17 </P>

</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always">
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">

<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">19.</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left"><B><U>Documentation</U></B><B><U></U></B><B><U>&nbsp;&amp; Forfeiture Events</U></B>. Each Award shall be
evidenced in an Award Agreement. Each Award Agreement may contain terms and conditions in addition to those set forth in the Plan, including, without limitation, restrictions upon the exercise of Awards, as the Board may deem advisable.
</P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">20.</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left"><B><U>Severability</U></B>. If all or any part of this Plan is declared by any court or governmental authority
to be unlawful or invalid, such unlawfulness or invalidity shall not serve to invalidate any portion of this Plan not declared to be unlawful or invalid. Any Section or part of a Section so declared to be unlawful or invalid shall, if possible, be
construed in a manner that will give effect to the terms of such Section or part of a Section to the fullest extent possible while remaining lawful and valid. </P></TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">21.</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left"><B><U>Governing Law and Jurisdiction</U></B>. The Plan and the rights of all persons under the Plan shall be
construed and administered in accordance with the laws of Italy without regard to its conflict of law principles. Any disputes arising out of, or in connection with, the Plan shall be subject to the sole and exclusive jurisdiction of the courts of
Bari, Italy, to the extent permitted by Applicable Laws. </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">22.</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left"><B><U>Term of Plan</U></B>. The Plan shall come into existence upon its adoption by the Company and shall
continue in effect until December&nbsp;31, 2026 unless sooner terminated under Section&nbsp;12 hereof. No Award shall be granted pursuant to the Plan after such termination date, but Awards theretofore granted may extend beyond that date.
</P></TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">18 </P>

</DIV></Center>

</BODY></HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-5.1
<SEQUENCE>4
<FILENAME>d370723dex51.htm
<DESCRIPTION>EX-5.1
<TEXT>
<HTML><HEAD>
<TITLE>EX-5.1</TITLE>
</HEAD>
 <BODY BGCOLOR="WHITE">


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right"><B>Exhibit 5.1 </B></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt;margin-bottom:0pt" ALIGN="center">


<IMG SRC="g370723dsp_15.jpg" ALT="LOGO">
 </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:16%; text-indent:9%; font-size:10pt; font-family:Times New Roman">D:+39 02 7260 8214 </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:16%; text-indent:9%; font-size:10pt; font-family:Times New Roman">pfioruzzi@cgsh.com </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">July&nbsp;29, 2022 </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Natuzzi S.p.A. </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Via Iazzitiello 47, </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">70029&#151;Santeramo in Colle, Bari, </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Italy </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Re: <U>Natuzzi S.p.A. Registration Statement on Form <FONT
STYLE="white-space:nowrap">S-8</FONT></U> </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Ladies and Gentlemen: </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">We have acted as special Italian counsel to Natuzzi S.p.A., a <I>societ&agrave; per azioni</I> (the &#147;<U>Company</U>&#148;), in connection
with the registration of 5,485,304 ordinary shares of the Company, par value Euro 1.00 per share (the &#147;<U>Shares</U>&#148;), to be issued by the Company under the Natuzzi 2022-2026 Stock Option Plan (the &#147;<U>Plan</U>&#148;). </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">This opinion is being furnished in connection with the registration statement on Form <FONT STYLE="white-space:nowrap">S-8</FONT> (the
&#147;<U>Registration Statement</U>&#148;) to be filed by the Company today with the Securities and Exchange Commission pursuant to the Securities Act of 1933, as amended (the &#147;<U>Securities Act</U>&#148;) and the rules and regulations
promulgated thereunder (the &#147;<U>Rules</U>&#148;). </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">We understand that the Shares are not and are not intended to be admitted to
trading on any market or exchange, or otherwise listed, in the Republic of Italy. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">In arriving at the opinion expressed below, we have
reviewed the following documents: </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">(a)</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">the certificate (<I>visura camerale</I>) from the Companies&#146; Registry at the Chamber of Commerce of Bari
in relation to the Company dated July&nbsp;29, 2022 and a copy of the Company&#146;s <FONT STYLE="white-space:nowrap">by-laws,</FONT> as amended (<I>statuto</I>); </P></TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">(b)</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">the Registration Statement; </P></TD></TR></TABLE>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt;margin-bottom:0pt" ALIGN="center">


<IMG SRC="g370723dsp_15a.jpg" ALT="LOGO">
 </P>
</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always">
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">

<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">(c)</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">the Plan; </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">(d)</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">the form of award agreement to be executed by the Company and the participant referenced therein (the
&#147;<U>Award Agreement</U>&#148;); </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">(e)</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">the board resolutions passed at the meeting of the Company&#146;s Board of Directors held on May&nbsp;16, 2022
(the &#147;<U>Board Resolutions</U>&#148;); and </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">(f)</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">the shareholder resolutions passed at the extraordinary shareholders&#146; meeting of the Company held on
July&nbsp;1, 2022 (the &#147;<U>Shareholders Resolutions</U>&#148; and, together with the Board Resolutions, the &#147;<U>Resolutions</U>&#148;). </P></TD></TR></TABLE>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">In addition, we have reviewed the originals or copies certified or otherwise identified to our satisfaction of all such corporate records of
the Company and such other documents, and we have made such investigations of law, as we have deemed appropriate as a basis for the opinion expressed below. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">In rendering the opinion expressed below, we have assumed and not verified: </P>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">(i)</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">the genuineness of all signatures, stamps and seals, the authenticity and completeness of all documents
supplied to us and the conformity to the originals of all documents supplied to us as photocopies or facsimile copies; </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">(ii)</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">that, where a document has been examined by us in draft, specimen or certificated form, it has been or will be
executed in the form of that draft, specimen or certificate; </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">(iii)</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">the accuracy as to factual matters of each document we have reviewed; </P></TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">(iv)</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">that there are no facts, documents, circumstances or matters which may be material to the opinion set out
herein and which have not been disclosed to us; </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">(v)</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">that where a document is required to be delivered, each party to it has delivered the same without it being
subject to any escrow or other similar arrangement; </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">(vi)</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">that each director of the Company has disclosed any interest which he or she may have in the transactions
contemplated by the Resolutions in accordance with the provisions of Article 2391 of the Italian Civil Code; </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">(vii)</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">that the meeting of the Company&#146;s Board of Directors and the extraordinary shareholders&#146; meeting of
the Company referred to above were duly convened and held, all the formalities required to be fulfilled prior the convening of such meetings were fulfilled, and the Resolutions have been duly adopted at such meeting and have not been amended,
revoked or suspended; </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">(viii)</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">that the Shares are issued to employees only in accordance with the Resolutions and the Company&#146;s Board of
Directors will duly adopt any resolutions necessary to carry out the authorized capital increase, in one or more tranches, for the issuance of the Shares to employees under the Plan in accordance with the Shareholders Resolutions;
</P></TD></TR></TABLE>
</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always">
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">

<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">(ix)</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">that there are no provisions of the laws of any jurisdiction outside the Republic of Italy that would have any
implication for the opinion we express and that, insofar as the laws of any jurisdiction outside the Republic of Italy may be relevant to this opinion letter, such laws have been and will be complied with; and </P></TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">(x)</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">that for the purposes of the opinion expressed below, the term
<FONT STYLE="white-space:nowrap">&#147;non-assessable&#148;</FONT> does not exclude that the holders of the Shares might be required to make a pro rata contribution to restate the minimum share capital required under Italian law in case such share
capital falls below the threshold set forth in Article 2447 of the Italian Civil Code. </P></TD></TR></TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Based on the foregoing, and
subject to the further limitations set forth below, it is our opinion that the extraordinary shareholders&#146; meeting of the Company has duly authorized the issuance of the Shares, and, upon exercise by the Company&#146;s Board of Directors of the
powers delegated to it by the extraordinary shareholders&#146; meeting to carry out the authorized capital increase in one or more tranches, the Shares, if and when issued and paid for in accordance with the terms of the Plan, will be validly
issued, fully paid and <FONT STYLE="white-space:nowrap">non-assessable.</FONT> </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Other than as set out above, we express no opinion as to
any agreement, instrument or other document that may arise or be entered into, or as to any liability to tax that may arise or be incurred as a result of or in connection with the Shares or their creation, issue, offer or any other transaction. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The foregoing opinion is limited to the laws of the Republic of Italy in force as at the date of this opinion letter, as currently applied by
the courts in the Republic of Italy, and is given on the basis that this opinion letter will be governed by and construed in accordance with Italian law. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">We hereby consent to the filing of this opinion letter as an exhibit to the Registration Statement. In giving such consent, we do not thereby
admit that we are in the category of persons whose consent is required under Section&nbsp;7 of the Securities Act or the Rules. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">We assume
no obligation to advise you or any other person, or to make any investigations, as to any legal developments or factual matters arising subsequent to the date hereof that might affect the opinion expressed herein. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Very truly yours, </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><DIV ALIGN="right">
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="40%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt">


<TR>

<TD WIDTH="7%"></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="92%"></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" COLSPAN="3">CLEARY GOTTLIEB STEEN&nbsp;&amp; HAMILTON LLP</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">By:</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman">/s/ Pietro Fioruzzi</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Pietro Fioruzzi, a Partner</TD></TR>
</TABLE></DIV>
</DIV></Center>

</BODY></HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-23.2
<SEQUENCE>5
<FILENAME>d370723dex232.htm
<DESCRIPTION>EX-23.2
<TEXT>
<HTML><HEAD>
<TITLE>EX-23.2</TITLE>
</HEAD>
 <BODY BGCOLOR="WHITE">


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right"><B>Exhibit 23.2 </B></P> <P STYLE="font-size:18pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt;margin-bottom:0pt">


<IMG SRC="g370723g25n69.jpg" ALT="LOGO">
 </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">KPMG S.p.A. </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Revisione e
organizzazione contabile </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Via Abate Gimma, 62/A </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">70121 BARI
BA </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Telefono +39 080 5243203 </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Email <FONT
STYLE="white-space:nowrap">it-fmauditaly@kpmg.it</FONT> </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">PEC kpmgspa@pec.kpmg.it </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Consent of Independent Registered Public Accounting Firm </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">We consent to the use of our report dated May&nbsp;2, 2022, with respect to the consolidated financial statements of Natuzzi S.p.A., and the effectiveness of
internal control over financial reporting, incorporated herein by reference. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">KPMG S.p.A. </P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt;margin-bottom:0pt">


<IMG SRC="g370723dsp0041a.jpg" ALT="LOGO">
 </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Bari, Italy </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">July&nbsp;18,
2022 </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt;margin-bottom:0pt" ALIGN="center">


<IMG SRC="g370723dsp0041b.jpg" ALT="LOGO">
 </P>
</DIV></Center>

</BODY></HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-FILING FEES
<SEQUENCE>6
<FILENAME>d370723dexfilingfees.htm
<DESCRIPTION>EX-FILING FEES
<TEXT>
<HTML><HEAD>
<TITLE>EX-FILING FEES</TITLE>
</HEAD>
 <BODY BGCOLOR="WHITE">


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right"><B>Exhibit 107 </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CALCULATION OF REGISTRATION FEE </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Form <FONT STYLE="white-space:nowrap">S-8</FONT> </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Natuzzi S.p.A. </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B><U>Table 1: Newly Registered Securities </U></B></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="98%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>

<TD WIDTH="22%"></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="top" ALIGN="center" STYLE="BORDER:1px solid #000000; padding-left:8pt"><B>Security<BR>Type</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000"><B>Security<BR>Class&nbsp;Title<SUP STYLE="font-size:75%; vertical-align:top">(1)</SUP></B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000"><B>Fee&nbsp;Calculation<BR>Rule</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000"><B>Amount<BR>Registered<SUP STYLE="font-size:75%; vertical-align:top">(2)</SUP></B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="top" COLSPAN="2" ALIGN="center" STYLE="BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000"><B>Proposed<BR>Maximum&nbsp;Offering<BR>Price Per Share</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="top" COLSPAN="2" ALIGN="center" STYLE="BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000"><B>Proposed<BR>Maximum<BR>Aggregate<BR>Offering&nbsp;Price</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="top" COLSPAN="2" ALIGN="center" STYLE="BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000"><B>Fee Rate</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-right:2pt">
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>Amount of<BR>Registration</B></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>Fee</B></P></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" ALIGN="center" STYLE="BORDER-LEFT:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-left:8pt">
<P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman" ALIGN="center">Equity</P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="top" NOWRAP ALIGN="center" STYLE="BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">Ordinary<BR>&nbsp;&nbsp;&nbsp;Shares,&nbsp;par&nbsp;&nbsp;&nbsp;<BR>value &#128;1.00<BR>per share</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="top" NOWRAP ALIGN="center" STYLE="BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">Rule&nbsp;457(h)&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="top" NOWRAP ALIGN="center" STYLE="BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">2,812,560<SUP STYLE="font-size:75%; vertical-align:top">(3)</SUP></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD NOWRAP VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD NOWRAP VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #000000" ALIGN="center">US$2.57<SUP STYLE="font-size:75%; vertical-align:top">(4)</SUP></TD>
<TD NOWRAP VALIGN="top" STYLE="BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD NOWRAP VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD NOWRAP VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #000000" ALIGN="center">US$7,228,279</TD>
<TD NOWRAP VALIGN="top" STYLE="BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD NOWRAP VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #000000">US$</TD>
<TD NOWRAP VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #000000" ALIGN="right">0.0000927</TD>
<TD NOWRAP VALIGN="top" STYLE="BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="top" NOWRAP ALIGN="center" STYLE="BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">US$670.06</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" ALIGN="center" STYLE="BORDER-LEFT:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-left:8pt">
<P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman" ALIGN="center">Equity</P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="top" NOWRAP ALIGN="center" STYLE="BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">Ordinary<BR>Shares,&nbsp;par<BR>value &#128;1.00<BR>per share</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="top" NOWRAP ALIGN="center" STYLE="BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">Rule&nbsp;457(c)&nbsp;&nbsp;&nbsp;<BR>and&nbsp;Rule&nbsp;&nbsp;&nbsp;<BR>457(h)</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="top" NOWRAP ALIGN="center" STYLE="BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">2,672,744<SUP STYLE="font-size:75%; vertical-align:top">(5)</SUP></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD NOWRAP VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD NOWRAP VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #000000" ALIGN="center">US$1.64<SUP STYLE="font-size:75%; vertical-align:top">(6)</SUP></TD>
<TD NOWRAP VALIGN="top" STYLE="BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD NOWRAP VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD NOWRAP VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #000000" ALIGN="center">US$4,383,300</TD>
<TD NOWRAP VALIGN="top" STYLE="BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD NOWRAP VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #000000">US$</TD>
<TD NOWRAP VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #000000" ALIGN="right">0.0000927</TD>
<TD NOWRAP VALIGN="top" STYLE="BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="top" NOWRAP ALIGN="center" STYLE="BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">US$406.33</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" COLSPAN="7" ALIGN="center" STYLE="BORDER-LEFT:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-left:8pt">
<P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Total Offering Amounts</B></P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000" ALIGN="right">US$11,611,579</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center" STYLE="BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">US$1,076.39</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" COLSPAN="7" ALIGN="center" STYLE="BORDER-LEFT:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-left:8pt">
<P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Total Fee Offsets</B></P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center" STYLE="BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&#151;&nbsp;&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" COLSPAN="7" ALIGN="center" STYLE="BORDER-LEFT:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-left:8pt">
<P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Net Fee Due</B></P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center" STYLE="BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">US$1,076.39</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16" COLSPAN="21"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" COLSPAN="21"> <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:2.00em; text-indent:-2.00em; font-size:10pt; font-family:Times New Roman">(1)&#8194;&#8201;&#8202;These shares may be represented by the American depositary
shares (&#147;ADSs&#148;) of Natuzzi S.p.A. (the &#147;Registrant&#148;), each of which represents five ordinary shares, par value &#128;1.00 per share (the &#147;Ordinary Shares&#148;). The Registrant&#146;s ADSs issuable upon deposit of the
Ordinary Shares registered hereby have been registered under a separate registration statement on Form <FONT STYLE="white-space:nowrap">F-6,</FONT> as amended <FONT STYLE="white-space:nowrap">(333-06048).</FONT></P>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:2.00em; text-indent:-2.00em; font-size:10pt; font-family:Times New Roman">(2)&#8194;&#8201;&#8202;Represents Ordinary
Shares issuable upon vesting or exercise of awards granted under the Natuzzi 2022-2026 Stock Option Plan and Ordinary Shares reserved for future award grants under the Natuzzi 2022-2026 Stock Option Plan. Pursuant to Rule 416(a) under the Securities
Act of 1933, as amended (the &#147;Securities Act&#148;), this registration statement on Form <FONT STYLE="white-space:nowrap">S-8</FONT> also covers an indeterminate number of additional Ordinary Shares which may be offered and issued to prevent
dilution from share splits, share dividends or similar transactions as provided in the Natuzzi 2022-2026 Stock Option Plan.</P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:2.00em; text-indent:-2.00em; font-size:10pt; font-family:Times New Roman">(3)&#8194;&#8201;&#8202;Represents Ordinary Shares of the Registrant granted under the Natuzzi 2022-2026 Stock Option
Plan.</P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:2.00em; text-indent:-2.00em; font-size:10pt; font-family:Times New Roman">(4)&#8194;&#8201;&#8202;Estimated in
accordance with Rule 457(h) solely for the purpose of calculating the registration fee on the basis of US$2.57 per share, which is the weighted average exercise price of option awards outstanding under the Natuzzi 2022-2026 Stock Option Plan as of
the date of this Registration Statement.</P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:2.00em; text-indent:-2.00em; font-size:10pt; font-family:Times New Roman">(5)&#8194;&#8201;&#8202;Represents Ordinary Shares of the Registrant reserved for future award grants under the
Natuzzi 2022-2026 Stock Option Plan.</P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; margin-left:2.00em; text-indent:-2.00em; font-size:10pt; font-family:Times New Roman">(6)&#8194;&#8201;&#8202;Estimated in accordance with Rules 457(c) and 457(h) solely for the purpose of calculating the
registration fee on the basis of US$1.64 per ADS, the average of the high and low prices of the Registrant&#146;s ADSs as reported on the New York Stock Exchange on July&nbsp;26, 2022 divided by five, the then <FONT STYLE="white-space:nowrap"><FONT
STYLE="white-space:nowrap">share-to-ADS</FONT></FONT> ratio.</P></TD></TR>
</TABLE>
</DIV></Center>

</BODY></HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>7
<FILENAME>g370723dsp0041a.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 g370723dsp0041a.jpg
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M 0$! 0$! 0        $" P0%!@<("0H+$  " 0,# @0#!04$!    7T! @,
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M[O(@7:NXY/7-7.;G)R9,(J$>5%ZH*"@ H * "@ H * "@ H * "@ H * "@
-H * "@ H * "@#__V0$!

end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>8
<FILENAME>g370723dsp0041b.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 g370723dsp0041b.jpg
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M 0$! 0$! 0        $" P0%!@<("0H+$  " 0,# @0#!04$!    7T! @,
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M@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H
M* "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@
M H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H *
M "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@
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MCT'I0!/0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4
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M0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4
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M5FWLYVYP,G/<D_K0!;WI@G<, X/- "Y&0,\^E "T % !0 4 % !0 4 % !0
M4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 %
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MC7S41=VUH5^\G[U5^;WQ].OXT =/0 4 % !0 4 % !0 4 % !0 4 % !0 4
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M0I!%*6W!U&QV*L 4 .>F,$8[4 36EMI=^UP\5M*C*^'W;D*MD,=O/')!..]
M%@:)IP(Q;#&,;=QVG@CD9P3@D9//- "C1;!=O[@DJ<Y+L2>G4YY'RC@^@H D
MFTVUN&9I(SN9@^Y7*D$#&00>..* $@TNSMIEEAA",HPH!.U> .!T'  H N4
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M"8U W?-P>AP!UZGJ: ,A?$.IM9>3LP?LV?,_C+>7NW]>F>.GX]J .V'2@ H
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M,ZRV4R%)2CD%2$&_8">>Y!Z9Z'\0!9=;9])MKZ"!HUN'55$J;CM()SA"30!
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M+ X).>203SUYH N.NFPZBLS)B7RVG63<=N  I(YQG!'X8H B-QH=W;A9I(%
M'GM'+(%*;NI89XSNP1[T *IT%8I +BW*J [DS9.#MP2<_P"ROY"@!\<&C27B
M")X6N,^<JK+R<DMNP#SRQ.?>@!9+S3KA4>9>)1)"WF# 55SOW>@^7^5 $2OH
M$<8(N;;;*K'+3Y+C(R<DY/W1^5 #@-#E,423P%V0&,)-ABHW8(P<]V_6@"W;
M&PO+-$M7BEMXBH41L"JE2"!QZ8% !-I5E.<R0 \L3R1G.,@^H.!QTXH )-*L
M9=^^V4[W,C=LMMVY_(T -31[".19%MQO4[LEB<G.03SR<DGF@"]0 4 % !0
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M U=.L3I]N+<2[XU' VXP222?UH N4 % !0 4 % !0 4 % !0 4 % !0 4 %
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M "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@
@H * "@ H * "@ H * "@ H * "@ H * "@ H * /_]D!

end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>9
<FILENAME>g370723dsp_15.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 g370723dsp_15.jpg
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M 0$! 0$! 0        $" P0%!@<("0H+$  " 0,# @0#!04$!    7T! @,
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MSO.%_,T 0IK.GO9O=BY"P(5#.RE>N-IY'0Y&#T- %^@ H * "@ H * "@ H
M* "@ H * &331V\$DTK!(XU+LQ[ #)- %==2LW"E)U8,RJN 3DL,C'KQS_\
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M)[V&/4U9[=(A(T@"G*A3P2?3O0!M^$-5TC4;VY73?"EYHTB("TEQIZVX<9Z
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M0!SGQ?TNYU?Q+X=M;(LMV(;J6$J!G>D>]0,CJ2H% $F@ZTGB/XK:'JR+AIM
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M1=JC.T8 R?[JY]3D]Z +U !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0
M4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 %
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M3% '100K;6\4"9V1J$7/H!B@"2@ H * "@ H * "@ H * "@ H * "@ H *
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MB@#>H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@
MH * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H *
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M !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0
M4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 %
M!0 4 % !0 4 % !0 4 % !0 4 % !0 4 % &/K>LOI4EHJ1;P[[ICY;,$B!
M9OE'&-P.3Q@&@"!=:O5BNI988DCL&5+D[6_O?.P] (]KCK][':@#5TZY>ZLT
MEE"I(PW%!U0'E01Z[2,^^: *-]J\UCJ+0/&ODB/S]X4DB)5;?]2&"#_@8]*
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M."<@Y!XH C\87=_9#3YH;:]GTQ9'^W+8$^?MVG;C&&QGKM(/ ]Z (]*UU?\
MA'K>YTRY.KQ33RA9[B0QK HW,%E8@D8P$R03G&>N: "+QF9M(T*_BT[<-5N#
M:[!./W<@#]\?,N8SSQQSCM0!J:#K,VJ_VA#=6:VEU87)MY427S5/R*X(; X(
M<=A0!Q7VS6&M]?33+W4)M5MM7:WLD!:2/RP(B5?(*A?F;DX/H: .FU+Q5-IF
MIVMM-IRB":]CL][S[9&+A<.B;?F3+8SD'(/% "7WBYK2VO=1CL4ETJPG,%Q-
MY^)%*G:[*FW!"G_:!X/X@%"UU--%USQ2P0RM)J%M#!#OQNDDBCP,GH,L2>N!
MGZ4 ;VF:U+=:Q>:3?6B6M[;1I,!'+YB21L2 P)53U4@C'YT 9,^DSQ>)K&WM
M]?U5W=S<S0O.IC6)3TP%SRQ"CGIN]* .NH * "@ H * "@ H * "@ H * "@
M H * "@ H * "@ H * "@ H * "@ H * "@ H RM9UR'1Y+-) #]HDPV6QL3
M(#/^!9<^Q/I0! OB!RDSM;HL=JZQW3;_ /5DN5/;H  YSCY2#0!IV%RUY8Q7
M+1[!*"RC.?E)^4GW(P<=J *LNIR)JIM5CA$2%%=GEVOE\XVKCD<8Z\\^G( 7
MFIRV^L6EC'#N692S/M<[1D#^%2!UZD@4 9+>*KN/3;:[;3QNG4N$^<#&U2!G
M;Q][&XX4=S0!;DU^>$S,]M$8P)C'ME.[]W($.1C@'/44 ,/BA8TOO-@$;6HE
M(!?[^V38F./XCQ['(YQF@ 7Q0KBQ9;<;+D1@MO\ N2-)L*GCL=W/J,=Z %_X
M2"Y4[6M8-TAQ$1,<#][Y8W_+\N<@CKGD=J )I=:N%TZVFCM5:>:X>W**S, 5
MWY(P,D?)Z=Z (O\ A)&&K2:<UJ!*EQ'']X_ZMD5B_3LS;<?0]\4 0V_BZ*YC
M26. -&;ORF*ODB(HSK+C'3"\CV/7'(!+;^)#-IHNOLRJY>)1'YG4/$KYZ=MQ
M'_ ?R +.E:O/??91/;"%IXGE_B& NS'4#/W^OM0!+HVHSZG;/--;^2-V%&&Y
M'/.2!G\* -*@ H * "@ H * "@"IJE\NF:;-=L =@ 4,< L3A03VR2!F@#-L
M_$)O9;2&.!1)<HDJ_/G:F#O)XZJR[3[LOK0!;TG5'U/S<P"/R,1RX;.V89WI
MTY ^7GOF@ U;5TT@VCS)F"60I(^>4&TD''?) 'XT 9\/BD-<:3!-;K')>(&E
M'F9\DMD(.GS992/RH BL/%%S?P1&.SA264J%\V5T7F,N1DID\#J 0<Y!X- $
M_P#PD4Q-VZVBF"W16WAB0Q*(V-P&/X_TH T;G4A;2WRM$2EI;+<'!Y;._C_Q
MS]: *C:S<QZ;J,S6T,EQ9IO"0S%D?*Y W%1@_AT(/>@"E/XQ@BL[BZ2$/"DR
MI"2Q!E7;N8XQP0 P [D#IF@">?Q(8GN&6*%H8_,6,^8Q9V2/?@@+A<CD9/(Y
M&>E %C2M9DOYDB>W$>1+SEA]PH/NL 1]\]0.G<'- &Q0 4 % !0 4 % !0 4
M % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % &
M3XDT&'Q'HSZ?+,\!+I)'-']^-U8,&7T/'ZT 1ZUH']I:?8V=K<)9QV=Q#/&/
M*WC]TP95QD8&0* ,ZY\&RS:A<74>JE!)?1WR(]NK;70 ;2V02O' R,9ZT ;6
MH:?=7%Y:WEE>K;30*Z;9(O,C=6VYR 0>"H(P: ,<^#%CCLVMK]HKB&\DO97:
M%66:20$,2G08SP>V.] #(_!L\6GZ19IJB[-,O6O(V:V!+D[L*WS8_C;D8[=,
M<@&OI6CR:;J.K7372RKJ%P)]@BV^60BIC.3GA5_'/TH AT'0KC1;G4I)+Y+A
M+^Y:Z=1!L*N0HX.X\84?XT 9UWX+EN+VYN4U9D$M]%?HKVZMM=-N%+9!*?+P
M,C&>M $TGA'<=0MEOL:7J%Q]HN+4Q G<2"X5\\*Q'((/4X(S0 VZ\'F\FU:6
M74"LE[<174+QP@-;R1 !""2=W"C.>O/3- &II^DO;:C<ZE=W"W%]<(D1=(MB
MI&N2%49)'+,3SR3[4 2V>F"UU+4+]Y3+-=LO48\M%7"H/;.X_5C0!?H * "@
M H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H S
MM3U"SL7MDNHPYNG$ X!P"<9.?X<E0?J* (%UBSE5U^RL5<JMQE5PK,YBPWKR
MI!]@.U %^RGBNK9;F*/8DF2IP/F4' ;CL1@CV(H S=1UG3;/47CN+;?=0B,(
MVQ2S"1BI"D\\8RWL: $E\06D7VTP6K2M8$(^PJ/E.1D<] RE<>JF@!DEW::9
M]KC_ +&2&.*U:YEV", C:<CW/&/PH <-2L(TDN(].#;X_.NGB$9VIN(W,<_-
M]UCQG[I[X! '7VM:=8W5S!-;_O;=8Y!\J_/N8_=]2",GZYH 2;6K.!;AVT^0
MI&)75E5/WK1O\P SUW<C./6@!L-_82+$+/34EM]0F:-G0(%<X8DL.^0IH :V
MLZ/=60CEM5>U2Z^S;612BX4L'QTV;1G/8?2@"6#5M,EN;:!;95>:U%RN57 !
M'"_7"Y^B_2@""R\165_;I<6>GM,P!P(S&<*JJ20V[!P)0,9ZDCUH V8K>RF$
M-U';Q$^6!&^P9"$=!Z#':@!BZ3IRHB+I]L$1MZJ(5PK>HXZ\=: )H+.VM2YM
M[>*$R'+F- NX^IQUH FH * "@ H * "@ H K7]Q#9V4ES.H9(AN"\9)[ 9[D
MX ]Z *%MK%E/);?9X/WDX5HL  E9 7+>WW&S[K]* )].OK:_9F@@V%%#.2!E
M7;.Y#C^(8&?J* #6-1L],MHYKU R-($&0#C@DGGL%#$^P- %2XUO3K2XN[9K
M8A[<_, J_,%B\T$<].H]B/H: *^HZYIUE;%+[30-KB(POY?.U=Z@9.#UX'7-
M $KW^E2G4+J6PA9[<-$[%4+R8.W;Z\D8 /J* '&ZT6W@T>\%E D=RRQV\@C0
M>3N1G'/8<$<=VH ++6=,86%I#:^2M\'98]B@(1G[P'0G:WY&@"*#Q#8RVGVN
MTT]F98XI&4!%9!(6 '7K\OY$$9H E:^LTN6 T@LZ?Z-O58_O;-WECG.,<>F:
M ''Q!IJ212HFX7$ZPK*H'S;E0[O7;RBGWQZ4 .7Q):/,T(CD#H\B$''\$BQY
MZ]"6&/H>XH U+>;[1#O\MHSN9=K=>&(_I0!+0 4 % !0 4 % !0 4 % !0 4
M % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 A. 3SQZ4 <[#
MXFNT\0VFEZCI#6:7T<CVLOGJY.P L'4#Y3@]B1[T 5AXUQ86VL-IX&A7,ZPI
M=B?YP&;8LACVX"%O]HG!!QZ &JNML?%0T-K*2,&U>Y6=G7#A61<!02?X^IQT
MZ4 4]0\2W>F:I917&CLNGW=VMFESYXWAV)"DQX^Z2.N<^U %NUUUKCQ/=:*]
MC) T%NMP)'=3YBL[*" "<#Y3UP?:@"IK_BO_ (1[6]*L[FS#6=^Q0W(FQY)W
M*H+*1TW.HSGO^8 [4_%!LO%FEZ!!9K/+>[B\K2[%B 4MTP<DA6XX[>M %75/
M$5]9>'M:U*WN-+N38W)1!"Q<*OR_))R,2 MR/3% &_=:MIUC<16]W?VT$TI
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MZK )HSN50RA@/E))P?8=N?3K0!5GN=$9[KS+8NUNWEN<@DE@L1 YSR-HYQ0
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MAFSL;A=DB;F*;L^6&<L$SWV@@?A0!LT % !0 4 % !0 4 % !0 4 % !0 4
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M89U**I!(]E'XT :>U<@[1D=..E "T % !0 4 % !0 4 % !0 4 % !0 4 %
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M\4;L;,9Q_P#KH I:JL</B?1KP6%I-IC7I6.6T<>:+E@REGPO*_>S@\$9.<8
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M@""XBTR;PKX*N[&V;RUNK)+=YE_>I'D<$X]AGM0!Z#0 4 % !0 4 % !0 4
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M#/N(]R'('H?6@"?2K%M-T^.S,QE6(D(Q !VY^4<<<# X]* +E !0 4 % !0
M4 % !0 4 % !0!3U2R;4-/DM%F,(E(#LH!.W(W#!R.1D<^M &?8^'C9W%F[7
M)DCMH]FTJ!N*Y6-CCC(1B#QR<'C% %K2]*.F--B0.KMA,C'EQC[D8]ERWYT
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M"8Z8':@"ZH"J% P ,"@!: "@ H * "@ H * "@ H * "@ H * "@ H * "@
MH * "@ H * "@ H * "@#(UNQU"]DM6LIHXUMF\[#$CS'!&U>.@(W GGJ.#0
M!6&C7D<5TRNK20LOV)2Y "JV\*3CY<YV'K\J@T :NG6\MK9)#,0\@&7<'[[G
MEC[?,3Q0!2N;"Z.L_:T@AF4!3&[3,K1X!RH '0\=^_/09 ,F3PUJLNGK:3WD
M,K"X-SYFW(#-$X8;6SQO8,#[G &!0!??3]1:._MQ&ABEEBE0O.?F"K&&1N.,
M[&&??IS0 K:5<_V;:0M:V\PBN&E-L\F8PA#[5!*\@%E/3C''04 0V&B7EMK5
MK=3E95BMTBW[E8A@I!Y92W?J&&>^: )?[&O-\X,B&)9X_LXW'B/SA(^?3^Z!
MSP@]30!'_8#6]HL<-E:R#[1-(\!;RU=69C'DA3RH(XQQVZ"@"2[T"XO9=+$U
MR"MK;/'+*5R[.?+PRY^Z?E;YNHS0!%%HNH1WUO,#&&4.K3&4DJ#OQM7;URR]
M\'N.!0 D>BWXL4AB6&RD5B28IV?+>2Z;\D#G<RGU.,DYH 9<Z%=36T")9P0+
M'<^88(Y0ZX\O;GYT(Z\\ >O4F@"X+;4XXPBPQOY5V\RDSD;U9G./N\8##\J
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M0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4
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M_>#_ , []CR ='0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4
M% !0 4 % !0 4 % !0 4 % !0!A^(M$NM9FTI[:[BM_L%XMWB2(OO(5E X88
M'S'UH O7=I>/)9_8+Q+..*?S+A/(#^<G.5_V22<Y% "ZII<&JVGV>?@;XWW
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M !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0
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M-*X@G,@:$EMXV"/&8TY!8G&WD ]<4 ;UD;R2>5YF(B5Y$",N.-PVD<>F?TH
MOT % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 %
M !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0
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MY>V]L9,[!-*J;L=<9/- $5QK.G6M@M])=H;5G6-9(\R LS!0/ESW(H OT %
M!0 4 1SS+;P/,X<J@R0B%V_  $G\* *$'B#2[E=-:*YW+J6[[*?+8>9A2Q[<
M< ]<4 6KS4++3HUDOKR"U1C@--($!/U- $T4L<\22PR+)&XW*Z'(8>H- #Z
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MCN ]O&&">5(RX78-I&Q3ST)(.>E $EGK-^FDWL%UJSF:'6#8Q3F!3+*N5(4
M +NP2-Q&.,F@#5\':A>W^G7RWTLDLMK?36RM*JARJGC=M^4D9QD<<4 8UAIM
MJ+KQ]IUNL%E;R,D8(0)''NM4R3CC&3DT 6=$%]I'BM--O+/262[MGFBN-/MC
M"R!2H*N,G@[A@Y[4 =E0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 %
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MHP$C=G;>3(PP.>H+>Q]* (2NAV[0R[ID>.=8 PDE!=W"N _/S\$$[LCKGO0
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MQE&&<=J +4GB98=5MK273KJ.WN+EK1+EPJ@RJ"?ND[MIVG#8YQZ<T ;U !0
M4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 %
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MD6*.255$3,V7V8 .=Q'))QTXS0 U])T:Z::UN-0:XN8E=IF:90X)"@N0H !
M50.  .W- "26&B!P(;Y;:XOL2B6)H]TI,@=&Y!#8;@9SP<<T "VVB2VID35<
MP(H%R1*I$ZLQ;$G'0LS=,9R1TXH GOX="FWZE=30?Z7;BV2X)4_)\W"MCOO/
MZ4 1QC2H)IU;62R1R_:?L[/&!$Q?<2,*&Y9QU)ZCUH HQ:!HEMIRVZ:LR"%D
MNO,809"[#&I*E-N,9&=N<CK0!?\ L&AK)J4*W,2330RB\VNH9E8[BS<?P[C@
M]@W/:@"Y/8V?]J1/)<LCS,'^S;@%F= ,,1C)*@#H<<#/04 47MO#UQ/J-_\
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M6B9MI+E\'Y\$<XXVT 2_V1</-.9;N,Q3317!582&#IY?<L>#Y?3'?KQ0!KT
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ME^5'L0?-EN"2?F7"GGM0!"?#330QPW%]F.(;$\J+8=FX-@DDY)*ID^@QCDT
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M =R#D B@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H
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M;@F>2/7% "K(C'"NI/H#0 Z@ H * "@ H * "@ H * "@ H * "@ H * "@
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M0J;EY8D'(?@D_6@"6ZFU:75+">TMW2RCP9T=@K/O.WI@_< W'D=>,]* -N@
MH * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H *
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M"D6^5Y/*4]53<3M' X&.@]* -*@ H * "@ H * "@ H * "@ H * "@ H *
M"@ H * "@ H * "@ H * "@#(UK6AI,EHOEE_,?=*0I/EQ @,YQT W*>>V:
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M\8['&"/H: 'Z3K%SJ384VTH CD<PG(17#?(>?O+M&?7/04 ;M !0 4 % !0
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M@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H
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M&2<*T8)X'M^7- #K+5;B26-+BRAB,ET]N#%,7Y568DY4?W,?C0!K@ = !0
M =!B@!: "@ H * "@ H * "@"KJ5[%INGS7<NW$8X#,%!8G"C)Z9) _&@#.L
M_$,-Z]JD$ +7*I)'AQC8RDDG'<%6!'KCUX +6EZFNI&3;!Y?E +)\V=DO.^/
MZK@<^] "ZIJ#6"QB*!9I7W8#/M  &3R 3VZ 4 4YM?MDC\U+=9$:3RPVX<C[
M.9@?R&/UH 8_B 0>;--8J((\JC)("Y81[\$$#:,9YR??% $\NKR06%U*]FGV
MFVG2!HDD+*6;9@A@N2,./X<\'@T 10:^[:M#92V0C\P#=(&;Y3L+_P 2#C Q
MR0?;% $$/BJ*\TL7UI;)+&'=9/WH(1 -P)*@]5*G!X&<$C% %FXU[[.L\QM0
M;=3*J,)/F9XPQ8%<<#Y#@Y/;@9% $^I:F^GSHJVJ21)$TTC&3:RJ" =HQ\QY
MZ9% %(^*!.;M;&"&=[:ZCMV#7&W(9_+#<!L?/N&#V&>^* -BTNVN)+F-HPCV
M\@C;#9!)16XX']['X4 6: "@ H * "@ H * "@ H * "@ H * "@ H * "@
MH * "@ H * "@ H * "@ H * "@ H * ,W6M9AT.UAN)X998Y9XX/W>WY2[;
M5)R1QD@<9//2@#2H * "@ H * "@"#[9;>09_M$?E!_+W[AC=NVXSZ[N/K0!
M4.LQ+K[:.;>;SQ;&Z5_EVNH8+@<YSD]P![T 6=/NVOM/@NFM9K5I4#&&=0)$
M]F )P: *\^L16VO6>D/!+YMW%)+'*-NSY,;AUW9^8=L<]: -&@ H * "@ H
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M=IZ@8]Z +D%Q:2RV@2 !IXVNHSM'R_=!/U(DZCWH O4 % !0 4 % !0 4 %
M!0 4 5K^6&WLWGGC\Q(L.$P"2P/R@9_BSC'OB@#/M]4TV2>W,%J1/+CRL(H8
MK*#(6Z\ E&)]2G0\4 3Z9>V5ZSM:V_EL%$DAV*"KMG<IQ_&-O/U% #-=N["V
MBMHM0LTNDGEV(C^7@-@G/SD#L>G- %2?4]%MVO[EK%#):%(7?9&I=6.P89B!
MM#;E.2/NGMC( D&I:4_EW-KI6^XO(D($<<0>17#8!;=@C$1/7& ,9H D?4=+
ML-+M3#8 6TJ?:%C1(T6-05)8[B ,%EZ<YZ4 2W&I::UU>VSVGGR01&9@(U;S
M/EPP7)Y(5E!S@8D'/7 !6EU#2KT637&E+,+IR%9UA<*5;8.=Q!/)QMR<9H 4
M:IHLNJ/ UBINKB-59FB0F1&=H\$]QE.0>Q'7G !)IQTJ^> )HZ0>6GG6K20Q
M\J2#N3:3MYVGG!Y% &M]CM0$'V:+$8"H-@^4 @@#TP0#^ H D6-$9V5%4N=S
M$#&XX R?7@ ?A0 Z@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@
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M!L)*'&& !7)&1C% $UKI]M9B,0J_[M2B%Y&<JIQD98GCY1^5 %J@ H * "@
MH * "@ H * "@"KJ*6;V$IOT5[:,>8ZL"P^7YN@Z].E %&U;1(9K>2U5%=1Y
M<.Q6^[)\_ _NG&<]!@CC!H L:<^G.SFPX,H%TV P#>9G#'/<[3QU&.U #[^Z
ML[-[>2ZW[PQ\O9&SD'!R<*#QCN>* *2V>AF::&*$+,=QD\H.KL597))')(9E
M/KR<=Z $CCT.9(886.&6,1NCN#]UG7#CD':7).<X;GKR +))H=WHUI.7Q8DK
M!"T9>/[Q"!.,$ G (/''/2@"(Q^'"5EV1*\UP]L)5#*QDY4KN'/; YQP,=J
M';=$R8SYV+=R26,NUF\P9RQXDP_KG'M0!)=)HMK<J9H2T\3HRJD;R,&^<J0%
M!)^](>/4YH MZ=9V,$0GLE_=S(I5M[,-G4!<GA>> ,"@"]0 4 % !0 4 % !
M0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4
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M0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4
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MZB@!: "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H
M* "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@
M H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@#'US3+W49;1
M[6>&,6S><%E4G=(""O0C QN!//#=* (%T&>.*\V21&4.IL\Y 15;S%4^@W$K
MQ_"!0!JZ=;/9V4=NY5B@^9Q_&QY9B.V6)/XT 9>I^'Y+^?4IEN=AN;,VZ)L0
M@$JPR25+?Q=CCVH J2>&M06WM8K>\A7['-)<1LZ<NYDW G;M"_+E3@$$.W%
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M#1H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H
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M,W69XGD99EF?+@H<<Y!!WDXSD#C@XH Z:RCFBCE$Q)+3.RY;/REB1^E %F@
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MG4N,=> <\4 /LM6TW4BXL-0MKHIC<()E?;GIG!XH N4 % !0 4 % !0 4 %
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MQ#YK1,)3"> 4(B&T>I!;D9[@YZB@#JJ "@ H * "@ H * "@ H * "@ H *
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M4 % !0 4 % !0 4 % !0 4 8VNZG=V$EF+2WDE7?YEP53<%B! ;\?FR/7::
M*XU'4TBNI9$;;8.J2CRSF4!LLP&.?W95ACN2.U &MILLTUE&]SQ.WSLF,% 3
MD*?< @?A0!FW^JWL&N+;PVTC68C*O*(\@2$$CGVVJ./^>GM0!2M=6UQH(3);
M9F29%E01D!U\DLQ4^Y QZ'Y2>M $^GZSJ$^HV"2VT@M9;9!*YB*XG9=_.>@
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MP>)?^@]9?^"X_P#QV@ ^P>)>/^)]9>__ !+C_P#': #[!XEXSKUE_P""X_\
MQV@ ^P>)>,Z]9?\ @N/_ ,=H N:=;:M!*QU#4K>ZCVX58K4Q$'USO;WH T:
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MDL<9E,OFD'[Q3&05XX'7=WH V;N:WBTVXGM-7FE>33Y)D/F[@^ ,2 ]%Y/;
M.>G% %;2;R\EUO2H;F<^7)I+2E5N"^]@T8W'@<X9O\B@"C#?:LVE:#<6%X9[
MLI-(\$LF?M84\ID]#CH>Q SQF@"Q9ZO)<QZ)^_N8K&^N;D/),620%6;RXB3R
MIXZ<'*8[G(!L>'KBYE?58996GM[:\,5M,_5TV(2,XYVL67/^SZT ;5 !0 4
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M+^X:%TPT2D?+@GD, _3)^4>M '5PS1W$$<T+AXI%#*RG@@]#0 ^@ H * "@
MH * "@ H RM8UFTTB2S2Y"$W4HB^9@,*2 3SU ++D>] $2ZXCK(3:86-U2Y.
M[[C%RA[<@8R3Q\I!H T;"Y%Y9QW2Q^6LOS(/5<_*?Q&#CMF@"M+?G^T_(%M&
MT4159)7D"LI?H%!'/;N.O&<4 4[/7K;43:C[$RK-L!\U"NW,;OT91D#;C/3F
M@"D_C*UDTM;ZVM%N TKHRJQ; ";@<JIY*E>#@ G!/% &G!JEA<Z_>:0L41EB
M0.W*DL>"<K[;TY/7)]* *SZ]'::7+J<ME!"#%&]N//4&0.<(&) V=L]0/4X-
M "CQ!;I?01V]JK6<ENER;A<C:C[_ )B N ,)R2PZT 2Z1K=MK,$!@MT'FI*2
MNX$(4*KM.!W##\* );._DD2!9[*&+SKA[8".0N!LW\G*CNAX]Z --XHY%VO&
MK+G.",C- "&WA.[,*'=][*CGZT /550850!Z 4 +0 4 % !0 4 % !0 4 %
M!0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4
M % $,=Y;2S-#%<1/*F=R*X+#!P<CZ\4 -^W6GV>2X^U0^1$2KR>8-J$'!!/0
M8/!H (Y;,3+;1O#YNWS1&I&<?WL>GO0!%'<Z9]J*1SVOV@,5*JR[PP&2/7..
M: '6]WI]ZS+;7%M.<AV$;JWL"<?3K[4 2&:UF\Z,R12>2<2KN!V' /S#MP0>
M?6@"(W6FSPP(9[62*XXA!=2),?W?7\* '?:K!KI(#/;FX!*HF]=^0,D =>E
M$8O=*6!;D75H(02%E#KM![@'UH DEO+&Q0":YM[==I8!W51CN?I0 ZXO[.TQ
M]INX8<C(\R0+D>O- %B@ H * "@ H * *IU*P52QO;<!9/*),J\/_=Z]?:@
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MA4F,]<$#H: ([6[TR;*VEQ:ON4L1$ZG('!/'89_6@":UGM)HR+.6&1$.#Y3
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M0!!!?:/=6\)2U0QN5B13".,P&0#'IY;$?B10!+/<Z6$6::W1A+:O/DQ DQJ
M"#^#@8]S0 OVVQ2UL[J"U,IN"7@2.,;R6!9CSC'&<\^W4T 4UU'P]:W92."W
MCNO,+E%B59-WE&3>1U'RDC/J2.] #H=5TN>S#PV'F)<(RM'$D<F8U^]G:2"
M7^[R?F/'- $LL^E3S3S3Z>&6WWR&XD@!4LF%?!ZY&T#MG;QG'  ^/4[%_LWD
M6DD@?$WR1#]SO)7<WH22P.,G[V>,T 2KK$#,W[J81^8(TD*?*YWA.#_O$=<9
MZC(H T: "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@
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M]LXHPBN $9 P,9W$?*=V01ZG/N :6A6,VEZ!IUA<3>=-;6Z1/)S\Q50">>:
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M51L*J67?P",%3C/% #91H#B&21Y7BU %T4^:T9!92V5Z("Q4'..I'<T *(=
MAN(8XFEC+-PL1D6/F0D!]OR@;]P ;'<#N* +#P:/:7<T<DK)(J&[9&E<JBAP
MQ8#. -P!X]/2@"T=9L0L1+R@R$@*8'##&,EEQE0,CDX'(]: &MKEBJRL6G*Q
M2>42MM(07W;<+A?FY!'&: %76K&1B(FFEQ&),QV\CC:1D<A<9([=: &IKVG2
M0P3++((YAN0M X^7LQR/E7W.!0!I4 % !0 4 % !0 4 % !0 4 % !0 4 %
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MUD9L,H!4%2N.N6'?U_$ 9<>(]BZK):V;7,.EMMN&#@,2%#L$&/F(5AU(YXH
MCN/%D%M?FU,/RRVHN;68OA)L@G83CY6PI('.0/8B@"[!JTDNK06#6ZKYMI]I
M+B3.WD#;C'/7K^E #=(UV+5KR_MDA:)K5AM+'_6QG(60>Q*N!_NY[T :U !0
M 4 % !0 C;@IV@%L< G )H YS3/%T5_:R3O:-&$M%N_D<.-K9PIZ8?CIW[4
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MV>0YSL &-IR1@YZF@"6?PY!<QS>;<W'G3W$-Q)*I4$M$RLB@$$!05''N>>:
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MQM/L-K';!]Z1J%4D?,>.2Q[DG)S[T 4[G2)IM42ZBNQ%%O222/8Q9BN>A#
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M "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@
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M (QX8N(U198[2^CCN#(D=P3C9Y"Q@'Y3D@@_ACO0 H\*3+*\OVQ3,T!A\W8
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ME 08RQ*@X'(H N->VB&4-=0J8L>8"X&S/3/I0!,K!U#*05(R".AH 6@ H *
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MG/7O0 "RM5:8BVB!F_UI"#Y^,<^O'K0 Q--L8]FRRMUV(8UQ$HVJ>JCC@>U
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M]CCB@!U !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0
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M68#<H&W>(@.&ZD;CG( &W$NNK?0/-)?!(U<B2&U#'+1(0NT#&-^X<C/7)[T
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MBN[N6%5N;:)I8QYC0 F,%W# 94#A0G/S#GJ: .PH * "@ H * "@ H * "@
MH * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H *
M"@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H
M * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "
M@ H * "@ H * "@ H * "@ H * "@ H * "@"+[-!]I^T^1'Y^W;YFT;L>F>
2N* ): "@ H * "@ H * /__9

end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>10
<FILENAME>g370723dsp_15a.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 g370723dsp_15a.jpg
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M 0$! 0$! 0        $" P0%!@<("0H+$  " 0,# @0#!04$!    7T! @,
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M P$  A$#$0 _ /?Z ,"#Q;8R::^J21RP:8(#<+=.5V,H.,<$D-R, @$Y]<@
M&D=8TQ0Q.HVH"!6;,R\!OND\]#V]: *>K>(;?2[_ $^S!AEGN[E8#'YX5T#
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MVURD"O\ ,)U$>Y1]TOR%YX)[4 2QZC:M+#;O<P+=2H'6$2@L1C.0.I'!Y]J
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M*@-@G=UP.E "W_A6]O9+J[!@AO+B=9E,4[J8"L/EAE;;\QZY!7!!Q[T -O\
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M[*[ABCVS0RR,H#@#:Z.%)!&#V'6@#/;PIJ8L9K1[R&\^UZ6FGSRW!;<K+O\
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M"*266(-#)+(KJOR?=^Z0-H(7(QG'  Y?#DS"PD31[B-?[02:>&=K?"*(V1B
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M.=ZDC<?7G% %M_#=Q)K%I<)I/E6!U$3-:GRL11_9WC<D X^9V4E03G;D\\4
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M:R_=WDTLTS&5<V_3:"!]XGO@\'UH V: "@ H * "@ H * "@ H * "@ H *
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M,DK&=]BE(RP4X)RQ'W1QU/M0 &[1;]+,JXD>-I%./E(! (SZ_,* )Z "@ H
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MS K;]GF<J#\F,\;@30!5\/\ ]L+::Z%CNHYI%62S%T'(#F(<9?\ VQSTYR<
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M0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4
M% !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 -=$D0HZAE/4,,@T .H
M * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H ;L4N'*C> 0&QR >WZ
M"@!U !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 %
M !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0
M4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 %
M!0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4
M % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !
M0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4
-% !0 4 % !0 4 ?_V0$!

end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>11
<FILENAME>g370723g25n69.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 g370723g25n69.jpg
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M 0$! 0$! 0        $" P0%!@<("0H+$  " 0,# @0#!04$!    7T! @,
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MEB_"V[;N=H?@Y^E>G-_N&Y]CDBOWB4>YK_%K5FUCX@7,,1+1V@6V0#U'+?\
MCQ(_"LL%#DHIOKJ7B)<U2Q5\$6;Z=\5--LI2#);WAC8CU&0:K$2YL.Y+L*DK
M54CU#XQ>-/[)TL:#8RXO+Q?WS*>8XO3ZG^6:\[ 8?GE[26R.K$U>5<J/"KW3
M;BPM[.6X78;N+SHU/79D@'\<&O9C-2;2Z' XM)7/<_!MW;^#?@N=4NEYGWRA
M,\NS':@_$ 5XU>+KXKD1WTVJ=&[/']'T[5?'/B6UL!.TDSJ$\Q^1%$HQ^0';
M_&O5G*&'@Y''%2JRL>^:=\)?"-E9+!-IWVN3&&FE=MQ/X$ 5XDL;6D[IV/0C
MAZ:5K'G>J? _6VU6Z.F3V:V)D)A$LK;@O8'Y:[X9C#E7->YS2PLKZ;'IB:?<
M:3H'A+3[N19+BVN88W93D$B-QP:\[F4YSDMFF=5G&,4SL*Y38RO$VK#0O#.H
MZF3@V\+,G^]T7]2*UHP]I442)RY8MGRA:Z9J&HVU_?6\32QVBB2X<'E0QQGW
MKZ:4XQ:B^IY"BVFT=G\(;VRM/%#K+I37U^Z?Z(5=%*$9+8W$#./QX-<F.C)T
M]'9=3?#M*6VI[NVLZDBEF\.7@4#))G@X_P#(E>+[./\ ,OQ_R/0YGV_(^9]8
MN+SQIXYN9;6%GN+ZXVPQDC('11GIP *^AIJ-"DD]D>7)NI/3J=C/X+^*ES8+
M8RR3&U5 @B^VH%V@8 X;I7(L1A$^9;^ALZ5=JQL^$/!T_@2&XU_5]&N+B\MX
MF96$T(CA&.3]_)/OC\*RKUUB+4X2T^?^1I3I^R]Z2//?",%QX@^(%K,;:2[<
MW!N9(T90S '<>6('ZUW5VJ5%J]NAS4TYU"5M:71/BG=:Q<6SC[/?RR-#D;@<
MM\N0<=32]GSX=03Z(.;EJ\S[DN@Z;JGQ"\937]S:S7D?F":Z$3*N%SPH+$#V
MZ]*52<,-2Y4[=APC*K.[*_Q!O6U3QS=I':FW$)2VC@R#LV@+C@D=?0U6%CR4
MEKYBK/FF=9\4KN[LO"GAW07TZ:RAB3_EHZ'?M4#^%CZ]ZY<'%2J3G>YM7;48
MQL)\$VEM[[5;J#3);V41H@\MXU* DD_>8=<#IZ49A9J*;L&%T;:1L?$#1_'>
MM:N^I6$%Q8:?! !M^W(A&,EB0KXK+#5,/3CRRU?H76C5D[K1'FGA_4M>U/Q!
M864>I:A.TLRCRUN6!89Y'+ =,]:]&K"G"#;2^XY82DY)7/HN[;4]3N]+0Z)<
M6T5O=K,\DLT1 4*PZ*Y.>1VKP(\D%+WKZ>9Z3NVM#I:YS4\N^-^IR0>&K32X
M0Q>[FW,%!^ZO_P!<BO2RZ%ZCD^AR8J5HV0?!SP[''X)O)KR#(U)V1E=>L8&W
M'\Z,?5_>I1Z!AH6@[]3R35])U'P/XV=+=9-]E.)() #\RYRI_*O4A.->EKU.
M.472GIT/=O$_BE'^%MQK-H&#W=N$C4 Y5G^4C\.?RKQ:-&V(4'T/0G4_=<R/
M,/@KH;W7C"2_FB8)90EE+ CYFX'Z9KT<PJ6I<JZG)AHWG?L?0M>$>D<#\8-3
MDL/ LMM"&,M](L("C/R]6_08_&N[ PYJMWT.?$2M"W<X_P"!.BN+W4]6FB*^
M6BP1[ACD\G'X ?G75F-3101CA8ZN1Y[XIL+NZ\=ZO#!;2R/+?RJ@53\Q+G%=
MU&25&+;Z'-43<VEW/H;P9X9@\$^$A"0IN=AFN7'\38Z?0=*\*O6=>I?IT/1I
MP5.%CP+PS93Z_P#$:R::&3;<7GG.2IX&=QKVZTE3H.W1'GTTYU$>U_%3P=<>
M*O#\3V"A[ZS8NB="ZD<J/?H?PKR,'75&?O;,[J]-SCINCPG0]<U[P'K+3V\;
MVT^-DL,\9"N/0CC\Z]JI3IXB-GJ<$9RI/0ZG5_C)KNM:3<Z8-.M(A<QF-VC#
ME@#P<<US0P%.G)2N]#66)E)6L3_!OPY>/XP&HW5G-%;VT+,CR1E0S'@8)Z]3
M4X^K%4N5/<>&@^>[1]!5X9Z(4 -:-'QN16QZC-%[ *%"C"@ #L* $:.-CED4
MGW%.X!Y:;=NQ=OICBE< 5$3[JA?H,4 .H :R*_WE!^HHV 545!A5"CV&* $\
MJ/=NV+GKG%.X#B,C!Z4@&+%&IRJ*#Z@4[@/I 12VT$_$T$<G^^H---K85DQL
<=E:1?ZNUA3_=0"FY-]0LD3@8&!Q4C"@ H __V0$!

end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
