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1 PÁGINA DE SEPARAÇÃO (Gerada automaticamente pelo sistema.) Documento 4 Tipo documento: LAUDO Evento: DILIGÊNCIA POLICIAL Data: 28/07/ :33:27 Usuário: EPF LEONARDO CARBONERA Processo: Sequência Evento: 67

2 Processo , Evento 67, LAUDO4, Página 1 ｓｕｐｅｒｉｎｔｄￊｃ ｍｭｲｮ ｮﾰ ｎｳ ｍｊ ｓｅｒｖｉￇｏ ｐￚｂｌｉｃｏ ｄｅｐｒｔｍｎｏ ｄｅ ｓｅｔｏｒ ｒｅｇｉｏｎｌ ｔ ｃｎｉｏｅￍｆ ｆｅｄｒｌ ｐｏｌￍｃｉ ｆｅｄｒｌ ｎｏ ｐｒｎ ＲＮＷＴＹＯｉＶｓｅｔｃｒｐｆ ｰｲｴ ｬ ＷＹＳＯＲＰＱＶ Ｈｄｳｩ ｄｑｖｐｓｔｕｉ ｅｭｒｖｪｵｬｨｐｑ ｓｮｨｲ ｄｬｧ ｐｬｩ ｆ ｲｬ ｒｮｴ ｓｩｬｶ ｒ ｲｩｧｵｳ ｓｒｏｐｆ ｳｵｮｴＺ ｅｮ ｭｩｨｴ ｒｦｲ ｮ ｩＺ ｍｭ ＱＮ ｐｲｩ ｬ ｕｒｇｅｎｔ ｏｐｅｒￇￃ ｐｌ ｅｮ ｭｩｨ ｸｰ ｩｮｴ ｌｵ ＱＶＵＲＯＰｓｒｄｐｆ ｭ ｖｳ ｲｦ ｮ ｩＬ ｓｮｨｲｩ ｓ ＲＮ ｴ ｌｵ ｮ ｭｩｨｳ ｐｲｩ ｬ ｌｖ ｊｔｏ ｮﾰ ＱＸＴＯＲＰＶ ＱＴＷＵＯＶＬ ｬ ｲ ｭ ｴｮ ＰＱＯＳＲＶＮ ｴｭ ｳ ｳｧｵｩｮｴ ｭｴｲｩｳＺ ｍｴｲｩｬ ｄｳ ｲｩ ＰＱ ＱＶＲＯ ｄｖ ｓｏｎｙ ｳ ｲｩ ｃｒｉｍ ＮＰＵＹＷＴＸＯＲＱＶ ｃｉｘ ｐｏｓｔｌ ｆｒｅｄｉｃｏ ＲＳＸＰＯＱＶ ｰｮｳ ｖ ｐｉｃ ＱＮＲＵＰＷＯＹ ｴｮ ｩｳｭＬ ｆ ｂｉｏ ￜｇｉｩ ｔｏ ｄｆｎｓｉｌｖ ｐｅｒｉｔｏ ｃｬｳ ｌｖｐｏｒ ｃｨｦ ｃｒｉｍｎｌ ｅｳｰ ｩｬ ｲｦ ｓｅｔｃｏｒｐｆｙ ｆｅｄｒｌ ｍｴｲ ｵｬＺ ＷＳ ｶｳ ＰＲＹＳＶＷ Ｎ ＲＷＴＹＯＱＶ

3 Processo , Evento 67, LAUDO4, Página 2 ｍｊ ｓｕｐｅｒｉｎｔｄￊｃ ｓｅｒｖｉￇｏ ｐￚｂｌｉｃｏ ｄｅｐｒｔｍｎｏ ｓｅｔｏｒ ＱＴＷＵＯＲＰＶ ｔ ｃｎｉｏ ｓｅｔｃｏ ｄｅ ｒｅｇｉｏｎｌ ｃｉｅｎｔￍｆｏ ｒｏｄｐ ｄｅ ｐｏｌￍｃｉ ｆｅｄｒｌ ｎｏ ｆｅｄｒｌ ｅｓｔｄｏ ｄｏ ｐｒｎ ｆｏｐｒ ｐｅｒￍｃｉ ｃｒｉｍｎｌ ｆｅｄｒｌ ＨｅｎｇｈｒｉＩ ｅｭ ｒｧｩｮｬ ｓｴｲｌ Ｒ ｪｵｬｨ ｄｰｲｴｭ ｐｲｩｴ ｃｲｩｭｮｬ ｃｲｩｭｮｳ ｦｩｭ ｶｲ ｱｵｳｩｴ ｦｲｭｵｬ ｳＬ ｓｩｳｴｭ ｴｳ ｳ ｳｩｧ ｓｉｌｖ ｳ ｴｵ ｮＢ ｰｬ ￍｏｒ ｉｐｌ ｐｬ ｩ ｮＢ ＰＱＸＴＯＲＶ ｆ ｲｬ ｒｅｎｔ ｄ ｭ ｰｳ ｐｲｩｴｳ ｃｎｅｓｏ ＱＶＵＲＯＰｓｒｄｐｆＬ ＷＹＳＯＲＰＱＶＬ ｳ ｱｵｮｴ ｃｨｦ ｓｌｖｄｏｒｌ ｩｮｴｲｳ ｄｬｧ ｮﾰ ｃｲｩｭｮｬ ｳｴ ｓｵｰｲｩｮｴ ｖｌｉｍ ｐｲｩ ｬＬ ｍｭｲｮ ｩｲｵｮｳｴ ｐｲｮ Ｌ ｂｐｔｉｓ ｩｸ ｃｓｔｒｏ ｳｬｩ ｴ ｮｴｩ ｲｧｩｳｴ ｅｳｴ ｄ ｌｵ ｒｏｄｉｇｕｅｓｌ ｕｇｓｔｏ ｰｲｳｮｴ ｴｮ ｲ ｔ ｮｩｃｴ ｦ ｄｅ ｓｴｲ ｆ ｲｬ ｊｏｓ ｬ ｲｭ ｓｒｏｄｐｆｌ ｆ ｂｉｏ ｊｏￃ ｊｕｒｓｚｅｋ ＲＰＱＶＬ ｐｬ ｩ ｆ ｲｬ ｆ ｲｩｳ ｓｉｌｖ ＰＲＯＳＱＶＬ ＰＱＯＳＲＶＬ ｳ ｲｶ ｩｮｴｲｳ ｊｵｳｴｩ ｲｳｰｮ ｳ ｴｲｮｳ ｩＺ ＢＱＮ ｄｳ ｲｶ ｭｴｲ ｵｬｳ ｰｲｩＬ ＱＹＮＷＲＰ ＲＮ ｳ ｳ ｑｵｬ ｭ ｳ ｬｩｭｴｳ ｮｦｲｴ ｳ ｳ ＵＮＴＲ ｵｰ ｶｩｮ ｵｬ ＳＮ ｩｮ ｬｵ ｮｳｴｲｵ ｩｮｳｴｬ ｭｴｲ ｵｬｳ ｶｬｲ ＱＹＮＷＲＰ ｶｬｩ ｳ ｰｭ ｲｴｩｺ ｵｳ ＵＮＴＲ ｭｴｲ ｵｬｳ ｮ ｰ ｳｵ ｬｴｩｭ ｱｵｩｳ ＲＰＱ ＴＮ ｅｸｩｳｴｭ ｭｰｬｩ ｳＬ ｴｩｰ ｲｦｭｳＬ ｩｮｳｴｬ ｱｵｩｲｭ ｲｬｩｺ ｳ ｳ ＵＮ ｑｵｩｳ ｳ ｐｲｩｴｳ ｶｩｲｳ ｸｩｳｴｮ ｳ ｴｳ ｮｳ ｳｩｴ ｮｦｩｴｲｳ ｰｲｴｩ ｮｳ ｰｲ ｭ ｩｬｺ ｵ ＲＰＱ ｱｵｬｲ ｵｴｲ ｃｳ ｰｳｩｴｶＬ ｳ ｲｶ ｬＮ ｳｰｮｩ ｩｮｴｦ ｲ ｃｮｳｩｲ ｩｴｭ ｳｮｨｲ ｰｳ ｶｬ ＶＮ ｮｳｴｲｵ ｦｩｳ ｳ ｴｩ ｭｰｬｩ ｳＬ ｲｦｭｳ ｰｲｸｩｭ ｭ ｰｴ ｶｬ ｮ ｭｩｨ ｳ ｱｵ ｬｳ ｮｦｩｴｲｳ ｲｭ ｰｳ ｶｬ ｳ ｩｮｴｦ ｲ ｳ ｲｩ ｴｳ ｲ ｌｵ ｬｧ ｳ ＱＴＷＵＯＶｓｅｔｃｐｒ ＰＲＹＸＵ ｭｴｲｩｳ

4 Processo , Evento 67, LAUDO4, Página 3 ＷＮ ＱＴＷＵＯＲＰＶｓｅｔｃｒｄｐｆ ｅｸｩｳｴｭ ｶｩ ｮ ｳ ｩｮｴｦ ｲ ｭｴｲｩｳ ｳｵ ＸＮ ｶｮｴｵｩｳ ｰｳ ｶｬ ｵｳ ｮｳ ｶｩ ｮ ｳ ｩｭ ｶｬ ｰｬｳ ｓｕｎ ｓｩｴ ｱｵ ｰｳｭ ｦｲｱ ｮｴｳ ｩｮｴｦ ｲ ｰｮ ｩｳ ｭｴｲｩｳ ｰｳ ｓ ｴｩ ｆｅｒｎｄｏ ｱｵ ｰｳｭ ｂｉｔｒ ｩｮ ｲ ｵ ｊｏｎｓ ｌｅｉｔ ｆｉｌｈｏ ＹＮ ｆｲｭ ｩｭｰｬｮｴ ｳ ｩｮｳｴｬ ｰｲｩｭｮｴｳ ｌｕ ｄ ＱＰＮ ｓｉｌｖ ｪｴｳ ｌｕ ｄ ｏｮ ｦｭ ｬｩ ｃｳ ｳｵ ｱｵｩｳｲ ｵ ｌｕｉｚ ｉｎ ｃｏ ｳ ｲｶＮ ｦｭ ｬｩ ｲｳ ｸｐｲｳｩ ｮｴ ｰｳｩｴｶＬ ｰｲｴｮ ｳ ｱｵ ｵｴｩｬｺｮ ｳ ＱＲＮ ｲｬｩｺ ｳ ｵｳ ｸｐｲｳｩ ｮｴ ｌｕｉｚ ｰｳｩｴ ｮｳ ｉｎ ｃｏ ｰｮ ｩｳ ｓｩｴ ｬ ｩｺ ｳ ｩｮ ｳ ｳｴｲｩ ｳｵ ｮ ｴｲｭ ｈ ｰｳｩ ｓｉｌｖ ｳ ｵ ｶｬｴ ｳ ｅｸｩｳｴｭ ＱＮ ｓ ｴｩ ｸｐｲｳｩ ｮｴ ｌｕｉｚ ｰｮ ｩｳ ｏｵｴｲｳ ｪｵｬｧｳ ｳ ｴｩ ｉｎ ｃｏ ｌｕ ｮｩｭｵｳ ｄ ｓｉｌｖ ｭｩｮ ｴｩｳＮＢ ｉｈｓｔￓｒｃｏ ｅｳｴ ＲＰＱＴ ｰｲ ｌｵ ｳ ｩｮｶｳｴｧｲ ｬｩ ｴ ｳ ｅｭ ｉｲ ｆ ｲｩｳ ＰＴＯＳＲＱＶ ｊｵｲｳｺｫｌ ｰｲ ｳ ｖｩｲｌ ｍｮ ｰｲｩ ｳ ｓｩｬｶ ｳ ｃ ｳｩ ｬ ｭ ｳ ｳｬｩ ｴ ｸｭｳＬ ｳ ｍｲｴｩｮｳ ｳ ｭｩｳ ｐｬｩ ｳ ｐｲｩｴｳ ｆ ｲｩｳ ｍｭｲｮ ｭ ｆｲｮｵｳｌ ｭｵｮｩ ｰ ｰｬ ｴｵｲｭ ＲＴ ｦｳ ｰｬｳ ｱｵ ｬｳｮ ｲ ｴｩ Ｏｓｐ ｰ ｧｲｦＮ ｰｮｨ ｳ ｳｩｭ ｃｲｩｭｮｳ ｬ ｩｺ ｦｲｭ ｓｮｴｳｌ ｂｰｴｩｳ ｐｲｩｴｳ ＷＰＱＶＲＸＳＬ ｲｵｬ ｭ ｃｳｴｲ ｳ ｊ ｮｩｲ ｰｲｮｳ ｰｲｩ ｓｰｲｩ ｧ ｐｴｲ ｳＮ ｊｳ ｪｵｮｴｭ ｭｲ ｦｲｵｳ ｊ ｌｵｩｺ ｭ ｲｵｰ Ｌ ｮｴｲｳ ｌｵｌ ｂｵｳ ｦｬｧｲ ｩｮｨｲＬ ｆ ｲｩｳ ｎ ｩＬ ｴ ｄｵｲｮｴ ｍｲｩ ｃｲｩｭｮｳ ｆｲｮ ｸｭｳ ｳ ｳｬ ｲｭ ｲｬｩｺ ｬｶｧｭ ｭ ｐｲｩｴｳ ｓ ｨｭｮＬ ｌｶｪｴｌ ｊｴｌ ｳｰ ｩｬｭｮｴ ｳｩｧｮｴ ｲ ｏｰｲ ｌｶ ｳ ｰｲｩｮｴ ｏｰｲ ｰ ｬｩ ｳＬ ｮｴ ｩ ｭ ｩｴ ｲｬ ｩｮ ｳ ｲ ｵｳ ｃｮｳ ｊｳ ｵｲｮｴ ｲｩｭｳ ｳｶｩ ｖｩｬｭ ｩｮｳｲ ｴｳｭｵｮｨ ｳｩｲ ｔｴｩｮ ｓ ｴｩＬ ｰｲｩｮｴ ｓｲｎ ｬ ｩ ｐｲｩ ｭｮ ｵｳ ｰｲｮｳ Ｎ ｄ ｲｮｴ ｌｵ ＰＳＹＲＯＱＶ ｲｬｴｩｶｳ ｱｵｳｩｴ ｵｰ ｶｬｩ ｰｲｩＬ ＱＬ ｳ ｓｅｔｃｏｒｄｐｆｌ ＰＷ ｭｵｬｴｩ ｳ ｰｮｲ ｩｮ ｭ ｳ ｲｳｰｮ ｦｲｱ ｮｴｳ ｸｭｳＬ ｲｳｰｩｴ ｭ ｌｵ ｳ ＱＴＷＯＲＰＶ ｱｵｳｩｴ ｓｩｴ Ｑ ＳＮ ｮ ｬｩｳ ＱＯＰＳＲＶＬ ｓｅｔｃｏｒｄｐｆｌ ｭ ｳ ｦｩ ｴｩ Ｌ ｶｩ ｮ ｳ ｬ ｲ ｭｴｲｩｳ ｲｳｰｮ ｳ ｲｳｰｩｴ

5 Processo , Evento 67, LAUDO4, Página 4 ｉ ＱＴＷＵＯＲＰＶｓｅｔｃｒｄｐｆ ｏｂｊｅｔｉｖ ｃｮｳｩｲ ｩｭ ｶｬ ｭ ｮ ｬｩｳ ｳｧｭｮｴ ｳ ｮｩｳ ｌｵｳ ｏ ｴｲｳ ｳ ｲ ｵｳ ｂｵｳ ｭｰｲｧｳ ｩｳｴＮ ｳ ｲｴｩｺ ｭｵｬｴｩ ｳ ｰ ｮｲ ｭ ｳ ｲｩ ｩｮ ｶｵｬｺ ｰｬｸｩ ｸｭｳ ｮ ｳｩ ｩｲｵｮｳｴ ｩｳｴ ｭｴ ｲｩＬ ｦｩ ｮｦｲｩ ｮ ｳ ｲｩ ｪｴｩｶＬ ｰｮｬｭｴ ｬｲｺ ｲｬｶｮｴＬ ｭ ｮｶｬｩ ｳＮ ｰｲｳｮｴ ｌｵ ｴｭ ｰｲ ｪｴｩｶ ｲｳｰｮ ｳ ｱｵｳｩｴ Ｔ ＶＬ ｰｲ ｭｩ ｳ ｳｧｵｩｮｴ ｰｮｴｳＺ Ｉ ｰｲｳｮｴ ｳｵ ｩｮｴｭ ｲ Ｉ ｳ ｩｮｳｴｬ ｰｲ ｮｧ ｩ ｳ ｰｲ ｄｴｲｭｩｮ ｳ ｅｦｴｵｲ ｓ ｴｩ ｱｵ ｰｲｮ ｳｰ ｩｬ ｰ ｳ ｶｮ ｶｬｲｳ ｭｰｬｩ ｳ ｭｰｲｧｳ ＰＵＯＸＲＱＬ ｴ ｩｮ ｩｭ ｶｬＮ ｰｲ ｸ ｵ ｳ ｮｳｴｲｵ Ｌ ｲｦｭｳＬ ｩｮｴｦ ｳＮ ｮｴｲ ｱｵｬｳ ｳ ｭｴｲｩｳ ｮｳｴ ｩｮｴｦ ｳ ｳ ｴｳ ｵｲｮｴ ｦｩｳ ｮｸ ｳ ｳ ｶｩｳｴｲ ｵｴｳＮ ｏｂｊｅｔ ｓｮｴ ｂ ｲ ｩｭ ｶｳ ｮ ｭｲｳ ｲｵｩｳ ｓ ｴｩ ＱＰＬＸＳＶ ｰｲｩ ｲｧｩｳｴ ｭ ｭｴｲ ｵｬ ｳ ｭｵｮｩ ｰ ｲｧｩｳｴ ｰｲｩ ｮ ｴｲ ｆｲｮ ｲｴ ｩ ｭ ｶｲ ｭｩｳ ｩｭ ｶｳ ｲ ｱｵｬ ＱＹＮＷＲＰ ｭ ｰｳｵｩ ｴｩ ＯｓｐＬ ｭｴｲ ｵｬ ｲｧｩｳｴ ＵＮＴＲ ｭ ｭ ｳ ＵＮＴＲ ｨ ｳｩｴｵ ｄｮｩｳｌ ＱＹＮＷＲＰ ｴｲ ｰｳｵｩ ｲ ｊｮｳ ｳ ｶｲ ｲ ｌｩｴ ｴｲ ｓ ｴｩ ｓｵｳｮ ＳＬＵＸＷ ｆｩｬｨｎ ｨ ｮ ｴｲｳ ｂｩｴｲｎ ｅｘｍｓ ｉｖｎｬ ｉｖ ｴｲｳ ｮｳｴｲｵ Ｌ ｲｦｭｳＬ ｭ ｰｲ ｮｦｲｴ ｄｩｳ ｳ ｓｩｴｌ ｩｮｳｴｬ Ｉ ｳ ｭｰｬｩ ｳ ｉ ｸ ｵ ｭ ｩｬｺ ｳ Ｉ ｳ ｓ ｴｩＮ ｉｮｴｩｦ ｲ ｳ ｲｴ ｳｩ ｍｴ ｬｧｩ ｐｲ ｴｩｮｧｲ Ｉ ｪｴｩｶ ｮｦｲｭ ｄｦｩｮ ｰｲｳｴ ｮｳｴ ｳ ｴｲｭｳ ｦｲｭ ｮ ｴ ｮｩｳ ｲｬｩｺｳ ｳｵ ｴｳ Ｓ ｉｖｎｒ ｳ ｲｰ ｩ ｸｭｳ ｳ ｲｩｴ ｰｲｳｮｴ ｳｧｵｩｲＺ ｌｵｌ

6 Processo , Evento 67, LAUDO4, Página 5 Ｉ ＱＴＷＵＯＲＰＶｓｅｔｃｒｄｐｆ ｄｩｳ ｲｭｮ ｳｵ ｅｸｭ ｳｵ ｩｮｴ ｳｴ ｳ ｸｭｳ Ｉ ｸｭＬ ｩｮｴｦ ｮｦｲｭ ｮ ｬｩｳ ｳｵ ｲｰｴ ｳ ｮ ｮｴｭｰｲｩ ｳ ｸｭｩｮ Ｎ ｐｲ ｰｲｶｮｩｴｳ ｳ ｮｳｴｲｵｩｶ ｮｳｴ ｮ ｏｳ ｭｰｬｩ ｳ ｦｲｭ ｵｴｩｬｺ ｳ ｬｭｮｴｳ ｮ ｳｴ ｬｩ ｉｮｴｬｩｧ ｬｭｮｴｳ ｮｴｩｳ ｏｳ ｲｦｭｳ ｩｭｧｮｳ ｇｬ ｳｰ ｦｩＮ ｲｳｵｬｴ ｉｖｎｔ ｄｩｧｴｬ ｰｲｩ ｳ ｳｵ ｳｵ ｴ ｩｦ ｳ ｬ ｩｺ Ｎ ｮｳｴｲｵ Ｌ ｳｲｶｩ ｳ ｩｬｧ ｮ ｳ ｮｳｴ ｲｳｵｬｴ ｳ ｨｭｳ ｵｴｳ ｲｰｴ ｳ ｮ ｉｖｎｕ Ｉ ｅｬ ｲ ｩｮｳｴｬ ｲ ｭｮｴ ｳ ｦｴｵ ｳ ｵｴｩｬｺ ｳ ｭ ｰｬｮｩｨｳ ｐｳｱｵｩ ｃｵｳｴ ｐｲｦｩｴｵ ｳｵ ｓｩｳｴｭ ｴ ｦｲｭ ｎ ｩｮｬ ＨｓｉｎｐＩＬ ｰｬｮｩｨｳ ｏ ｲｳ ｰｳｱｵｩ ｉｮｦｲｳｴｵ ｭ ｮｴ ｳ ｮｳｴ ｴ ｬｧｳ ｳ ｮ ｭｩｨ ｳＬ ｮ ｳｵ ｩｮｦｲｭ ｳ ｍｵｮｩ ｰｬ ｮｳ ｐｲ ｳ ｐｵｬｌ ｲｦｭｳ ｸ ｵ Ｎ ｃｩｶｬ ｓ ｰｳｱｵｩ ｳ ｃｮｳｴｲｵ ｓ ｲｴｩ ｮｦｲｭ ｰ ｰｲ ｳ ｦｲｮ ｳＬ ｭｰｬｩ ｳＬ ｮ ｍｵｮｩ ｰｬ ｒｳ ｮｳｴｲｵ Ｌ ｦｵｮ ｮ ｩ ｳ ｰｲｩ ｳＬ ｶｳ ｬｴｲ ｮｩ ｳＬ ｰｳｩ ｰｲ ｭｴｲ ｵｬｳＬ ｨｭｳ ｰｲｩ ｉｖｎｒ ｩｳｰｮ ｶｬ ｉｖｎｓ Ｉ ｴＩ ｭｴｲｩｬ ｩｬｧ ｮ ｳ ｉｖｎｖ ｸｭｩｮ ｳ ｮ ｳｵ ｉｖｎｗ ｇｬｳ ｲｩ Ｉ ｂｮ ｎ ｩｮｬ ｮｧｨｲｩＬ ｃｭｰｳｩ Ｉ ｰｬｩ ｮ ｩｬＬ ｂｲｭｮｴ ｲｴｩｦ ｬ Ｉ ｬｧｳＬ ｳ ｩｲｴｭｮ ｰｬｩ Ｌ ｬｶｮｲｩ ｩｮｳ ｳｲ ｳｲｶｩ ｓｉｎｐｎ ｴｲ ｳｴｩｮ ｉｮ ｩｲｴｳＮ ｲｰｳｭｮｴ ｮｩｦ Ｌ ｳ ｱｵｬｳ ｭｳ ｵｳｴ ｳ ｧｲｵｰｳ ｩＩ ｱｵ ｳ ｲｬ ｧｲｬｭｮｴ ｮｴｲｩｳＩ ｮｦ ｩ ｳ ｩ ｰｬｩ ｳＬ ｰｲｴ Ｈｬ ｩｳ ｵ ｄｳｰ ｩｮ ｲｴｳ ｰｭ ｳｩｴｭ ｭｰｲｮ ｩｴ ｳｰ ｰｲｴｮ ｰｳｩ ｵｳＮ ｳ ｭｩｮｳｴｲｶ ｭ ｲｭｵｮ ｲｬｩｺ Ｎ ｩｮ ｲｴｳ ｅｳｴｲｵ ｂｮｩｦ ｲｳｰｮ ｮｳｴ ｲｰｳ ｂｄｉ ｬｵ ｲ ｮｪｵｴ ｰｭ ｲｳＮ ｏｳ ｭ ｲｩｳ ｮ ｮ ｳ ｲｩ ｩＩ ｳｵ ｴｲｩ ｵ ｳ ｮｳｱ ｴ ｳ ｵ ｦｩｮ ｲｳ ｲｩｳ ｳｲ ｰｮｴｳ ｳｰ ｵ ｳｵ ｳｰ ｮ ｲｧｳＺ ｩｶＩ ｩＩ ｦｩｳ Ｎ ｏ

7 Processo , Evento 67, LAUDO4, Página 6 ｂｄｑ ＱＴＷＵＯＲＰＶｓｅｔｃｒｄｐｆ ｳｭｴ ｲｩ ｩｲｴＬ ｳ ｦｲｭｮ Ｉ ｃｵｳｴ ｮｳｩｲ ｰｬ ｮｳｴｲｵ ｳ ｮ ｳ ｲｩ ｰｲｦｩｴ ｮｨｩｭｴ ｱｵｮｴｩｳＬ ｸ ｵ ｲ ｭＬ ｳ ｳｭ ｉｂｇｅｎ ｳ ｳ ｬ ｵｳｴ ｦｺ ｮ ｳ ｲｩ ｲ ｳ ｭ ｴ ｳ ｦ ｮｦｲｭ ｦｵｮ ｭｲ ｳ ｐｲ ｮｳｴｲｵｩｶＺ ｓｩｮ ｴｳ ｬｧｵｮｳ ｳ ｲｧ ｳ ｵｮｩｴ ｲｳ ｦｩ ｳ ｳｴｩｭ ｰｲ ｮｳｴｲｵｩｶＬ ｂｎｔｎ ｕｭ ｩｶｵｬｧ ｭｴｲｩｳ ｰ ｲ ｳ ｰｲｩｮ ｳ ｰ ｲ ｃｮｳｴｲｵ ＩＬ ｵｳｴ ｏｳ ｎｲｭ ｳ ｧｲｩｳ ｵｳｴ ｰｲｪｴＬ ｴｳＮ ｴｩｰｳ ｬｴＮ ｰｬ ｂ ｳｩ ｱｵｬｩ ｴｲ ｳ ｰ ｲ ｳ ｲｴ ｳｩ ｳｩｭ ｦｩ ｕｮｩｴ ｲ ｳ ｳｴｩｭｶ ｳｲｭ ＨｓｉｎｄｕｃｏＩＬ ｭ ｦｩｴｳ ｭｩｮｵ ｳ ｮｳｩｲ ｩｦ ｳ ｳ ｳ ｩｶｵｬｧｭ ｱｵｬ ｃｬｳｩｦ ｲｭｬ ｳｰ ｩｬｺ ｴ ｮｳｴｲｵｩｶ ｭ ｩｶｬ ｐ ｲｳ ｅｳｴ ｩ ｩｮｳ ｭｴｲｩｳ ｳｴｵ ＱＲＮＷ ｮｳｴｲｵ ｆｩｮｬｌ ｳ ｱｵｮｴｩｶｳＬ ｭ ｴ ｳ ｎｂｒ ｰ ｲ ｮｳｴｲｵ ｰｲ ｳ ｶｬｩ ｐｲ ｮ ｩ ｳ ｩｦ ｎｲｭ ｩｸＬ ｲｶｩｳｴ ｲＮ ｩｳｰ ｳ ｳ ｏｲ ｭｮｴ ｭｰｲｧｳＮ ｪＩ ｱｵ ｱｵｬ ｴ ｳ ｳ ｮｳｴｲｵｩｶ ｳｮｴ ｲｳ ｳｲｶｩ Ｌ ｐ ｲ ｩＩ ｵｳｴ ｴｳＮ ｬ ｮｳｴｲｵ ｭ ｮ ｬｩｳ ｰｬｮ ｭｴｲｩｳ ｴ ｏｲ ｭｮｴ ｅｳｴｩｭｶ Ｈｃｵｳｴ ｲｰ ｵｺｩ ｇｧｲｦｩ ｳｲｭ ｭｰｲｳ ｰｲ ｓｑｎｐｉ ｭ ｩｮｴ ｏｲ ｭｮｴ ｰｲｪｴＬ ｮｳｴｲｵｩｶ ｰ ｲ ｰｲ ｮｴｵｬ ｳ ｂｲｳｩｬ ｮ ｩ ｳ ｭ ｮ ｳ ｲｩ ｰｲ ｳ ｮｬ ｴｩ ｳｲｶｩ ｸｰｲｳ ｲｩｬｺ ｵｳｴ ｉｮｳｴｩｵ ｏｲ ｭｮｴ ｨＩ ｵ ｬｴ ｬｴ ｳ ｧＩ ｶｮ ｲｰ ｵ ｦＩ ｩｭＬ ｰｲ ｩ Ｎ ｄｴ ｦｲｭ ｬｮ ｳ ｰｲ ｶｮｴｵｬ Ｉ ｩｴｮｳ ｰｲｪｴ ｸｭｰｬ ｰｬｳ ｓ ｮ ｵｳ ｃｕｂ ｳｴ ｵｩＮ ｬｶｮｲｩ ｩｦ ｰ ｲｳ ｮｴｵｲｩｳ ｐｲ ｲｧｭｳＮ ｬｴ ｰｲ ｭ ｩ ｰｲｴｩ ｰｬ ｭｲ Ｌ ｬｴ ｦｮｴｳ ｦｩｧｮｳＮ ｫＩ ｓｉｎｐｬ ｃｮｳｴｲｵ ｃｩｶｬｌ ｓｩｳｴｭ ＱＩ ｭｮｴｩ ｖｩｳｴｲ ｦｲｭ ｰｳ ｶｬＬ ｬｴ ｰｬ ｸｭ ｳＮ ｎ ｩｮｬ ｪｴ ｱｵｳｴｩｮ Ｌ ｬ ｃｩｸ ｐｳｱｵｩ ｅ ｮ ｭｩ ｲｬｩｺ ｆ ｲｬ ｲｳｵｬｴｮ ｃｵｳｴ ｭ ｭ ｮ ｩ ｳ ｮ ｩ ｳ ｳ ｃｅｆｎ ｮｨｲＬ ｰｲ ｱｵ ｭｬｨｲ

8 Processo , Evento 67, LAUDO4, Página 7 ＱｖＮＳ ＱＴＷＵＯＲＰＶｓｅｔｃｒｄｐｆ ｄ ｮｴ ｐｲ ｮｦ Ｉ ｳｴ ｍｴｲ ｵｬ ｌｵ ＱＹＮＷＲＰ ｬｴｩｭ ｶｲ ｸｭｩｮｳ ｒｧｩｳｴｲ ＨｒＮｬ ｶ Ｉ ｦｲｭ ＱＩＬ ｭ ｳ ｉｭ ｶｩｳ ｳｧｵｩｮｴ ｮｴｳＺ ＲＵＯＰＱＬ ｭｵｮｩ ｰ ｲｦｳ ｴｩ ＯｓｐＬ ｵｪ ｲｧｩｳｴ ｰｲ ｩｭ ｶｬＮ ｅｳ ｲｩｴｵ ｰ ｬｩ ＱＹＮＷＲＰＬ ｬｶｲ ｵｴ ｲ ｔ ｬｩ ｮ ｉｺ ｬ ｦｩｧｵｲｭ ＵＮＴＲ ｬｴｩｭ ＨｶＮＰＷＩＬ ｆｲｮ ｓ ｭｴｲ ｵｬ ｐｵｬｌ ｬｴｮ ｭ ｅｭ ｬｩ ｌｩｴ ｳｩｮ ＰＵＯＸＲＱＮ ｭｵｮｩ ｰ ＲＸＯＰＱＬ ｊｮｳ ｨｶｩｭ ｭ ｉｭ ｶｩｳ ＲＹ ｓｮｴｲｬｩ ｰｲ ｶｮ ｭ ｰｲ ｰｲ ｩｭ ｶｬ ｶｮｲ ｒｧｩｳｴｲ ｶｲ ｃｩ ｰｲｭｩｴｮ ｳ ｲｩｴｵＬ ｶｮｲｳ ｰｲｴｩ ｵｬ ｍｴｲ ｵｬ ｓｧｵｮ ｩｮｳｴｲ ｶｮ ｎｴｳ ｓｮｴｲｬｩ ｆｩｬｨｎ ｰｲ ｍｮ ｳ ｓｵｳｮ Ｉ ＲＳﾰ ＲＰＱＬ ｎｵｳ ｰｲｩｳ ｲｦｳ ｴｩ ＯｓｐＬ ｵｪ ｩｮ ｒｇ Ｉ ｵｴｳ Ｉ ｄ ｮｴｳ ｂｩｴｲｎ ｰｲ ｳ ｮﾰ ＵＰＶＱＷＲＹＮＴＯｐｒ ｰｲｮ ｩｳ ｲｬ ｩｮ ｳ ｦＩ ｰｲ ｳ ｮ ｵｴ ｲｳｩ ｮ ｰｲｮｳ ｌｵｩｺ ＳＰＵＯＲＱＶ ｰｲｮｳ ＲＷＸＯＰＱＶ ｓ ｴｩ ｭ ｰｮｳ ｰｲｮ ｩｳ ｌｵｬ ｓｒｏｄｐｆｌ ＵＰＶＹＷＮＳＸＲＱＴＯｐｒ ｄ ｮｴｳ ｉｮ ｩ ｅｶｮｴ ｳ ｲｬ ｩｮ ｳ ｰｮｳ ｳ ＵＰＶＹＷＮＳＸＲＱＴＯｐｒｅｶｮｴ ｵｴｳ ＷＮ ｴｩ Ｏｓｐ ｓｒｏｄｐｆｌ ｓｩｬｶ ｵｴｳ ｵｴ ｰｲ ｳ ｧＩ ＱＮ ｍ ｩｳ ｰｲｮ ｩｳ ｵｳ ｰｲｮｳ ｊｴｌ ｮ ｰｬ ｳ ｍ ｩｳ ＲＶＳＯＰＱ ｳｴｲ ｨＩ ｲｳｩ ｮ ｵｳ ｏｰｲ ｰｲｮｳ ＲＴ ｆｳ ｭｮ ｏｰｲ ｌｶ ｓｅｔｃｏｒｄｐｆｎ ｊｮｳ ｌｩｴ ＲＴＯＰＱＶ ｊｴｌ ｵｲｮｴ ｲｳｩ ｮ ｌｶ ｓｐｑ ＹＲＯＰＱＶ ｮ ｭｮ ｂｩｴｲ ｱｵｩｰ ｮ ｭｲ ｰｲｮ ｩｳ ｆｲｮ ｰｬ ｳｴｲ ｓｵｳｮ ｆｩｬｨ ｵｲｮｴ ｱｵｩｰ ｒｊｐｑ ｳ ｮ ｭｲ ＲＴ ｆｳ ＰＵＹＴＯＲＱＶ ｓｅｔｃｏｒｙｄｐｆｎ ｩＩ ｍ ｩｳ ｰｲｮ ｩｳ ｵｲｮｴ ｆｳ ｮ ｭｮ ｏｰｲ ｲｳｩ ｮ ｌｶ ｵｳ ｰｲｮｳ ｐｵｬ ｒ ｲｴ ｊｴｌ ＲＴＰＯＱＶ ｖｬｮｴ ｳｴｲ ｰｬ ｳ ｇｲ ｩｬｨ ｱｵｩｰ ｂｐｑ ｮ ｭｲ ＲＴ ＲＰＵＳＯＱＶ ｪＩ ｓｅｔｃｏｒｄｐｆｎ ｒｬｴ ｲｩ ｮ ｬｩｳ ｐｬｩ ｊｵ ｩ ｲ ｮﾰ ￍ ｲＳＲＹＯＰＱＶ ＷＴ

9 Processo , Evento 67, LAUDO4, Página 8 ｎｂ ＱＴＷＵＯＲＰＶｓｅｔｃｒｄｐｆ ｄｒｃｏｏｓｐｆｌ ｓｅｔｃｏｒｄｐｆｌ ｭｴｲｩｬ ＱＰＲＯＶ ｳｩｮ ｰｬ ｧｮｴ ｐｬ ｩ ＱＰＳＯＲＶ ｆ ｲｬ ｐｵｬ ｅ ｵｲ ｗｩｴｎ ｫＩ ｏｲ ｭｮｴｳ ｮｬ ｴｩ ｳ ｮ ｩ ｳ ｴｩ ｳ ｃｮｳｴｲｵ ｬｴ ｳ ｃｩｶｬ ｮ ｰｲ ｳ ｩ ｒｉｎ ｐｵｬｏｓｌ ｲ ｲｬ ｲ ｃｵｳｴ ｭＱ ｭ ｩｳ ＲＰＱＮ ｲ ＵＱＬＹＴ ｲ Ｈｲｳｩ ｮ ｭＳ ｰ ｲ ｱｵｩｶｬｮｴ ｰｶｩｭｮｴＬ ｒｉ ＲＴＬＸ ｰｲ ｳ Ｈｲｳｩ ｮ ｲ ｭＲＩＬ ｵｴ ｲ ｒｑｂ ＵＸＬＶＴ ＹＬＴＷ ｲｬ ｰｲ ＱＲＮＷＺ ｲｭｬ ｐｳｱｵｩ ｳ ｎｂｒ ｱｵｩｶｬｮｴ ｰｶｩｭｮｴＬ ｰｲ ｎｲｭ ｲ ｎ ｩｮｬ ｮｳｩｲ ｰ ｲ ｭＲ ｰ ｲ Ｈｲｳｩ ｮ ＱＰＶＬＴ ｓ ｰｶｩｭｮｴ ｓｩｳｴｭ ＨｓＱｎｐｉＩＬ ｬｳ ｩｸ ｭＲＩＬ ｲｬ ｰ ｲ ｬｴ ｱｵｩｶｬｮｴ ＲＱＰＬＴ ｭＲＩＮ ＱＩ ｃｵｳｴ ｰｲ ｳ ｰｳｩ ｮｬ ｴｩ ｳ ｭ ｩｳ ｬｴ ｳ ｵｴ ｲ ＲＰＱＬ ｰｬ ｩ ｳ ｵｳｴ ｓｉｎｐｌ ｓ ｮｳｩｲ ｐｵｬｏｓｌ ｵｮｩｴ ｲｳ ｳ ｰｲ ｩｶｲｳ ｰｲ ｳｲｶｩ ｶｬｴ ｳ ｩｶｬＮ ｉｭｧｮｳ ｮ ｮｴ ｮｳｴｲｵ ｭＩ ｩｶｵｬｧｳ ｳｴ ｬｩ ｭｵｬｴｩｰｲｳ ｸｴｲ ｳ ｃｲｩｭｮｬ ｳｴ ｴｲｶ ｳ ｳ ｮ ｳ ｦｲｭｮｴ ｉｮｴｬｩｧ ｳ ｮｴｲ ｓｩｳｴｭ ＰＷＯＳＲＱＶ ＱＸＯＰＷＲＶＮ ｮＩ ｉｭｧｮｳ ｅｲｴｨ ｳｴ ｬｩ Ｉ ｮｴｲ ｭｵｬｴｩｰｲｳ ＰＷＯＳＲＱＶ ｎｴｳ ｦｩｳ ｮ ｭｲｳ ｉｴｎｌ ｰｲ ｧｵ ｅｳｰｲｩ Ｌ ｎｴ ｦｩｳ ｬ ｮ ｲ ｭｴｲｩｺ ＱＷＯＰＳＲＶＬ ｰｲ ｋｴ ｨｮｳ ｺｩｮｨ ｰｬｮｪ ｭｰｲｳ ＲＯＰＵＱＴＬ ｮ ｲ ｶＮ ｇｲ ｃｭ ｲ ｩ ｰｲ ｧｵ ｅｳｰｲｩ Ｌ ｬｪＬ ｓｲｎ ｅｬ ｴｲｩ ｓｅｔｃｏｒｄｐｆ ｄ ｲ ｳ ｉｴｎｌ ｍｺｴｎ ｭｰｲｳ ｓｴｭ ｄｩｳｬ ｴｩ ＯｓｐＮ ｄｭｩｮｧｳ ＴＸＹＱ ｃｺｩｮｨｳ ｩｮｳｴｬ ＰＱＯＲＶ ＸＷＹＯＰ ｋｩｴ ｨｮｳ ＲＸＯＰＱＴＬ ｋｩｴ ｨｮｳ ｧｲｮｴ ｰｲ ｮ ｭｲ ｮ ｭｲ ｰｲ ＱＴＯＰＵＲ ｭｩｴ ｶＮ ｐ ｩ ｃｭｲ ｩｬ ｲｬｴｩｶ ｴ ｐｲｩ ｬ ｮ ｲＩ ｮ ｅｮｴｲｶｩｳ ｲｬｩｺ ｇｧｬ ｭｩｴｳ ＱＴＮＶＷＰＬ ｉｴｎｌ ｰｬｮｪ ｔｲｭ ｦｲｷ ＲＸＮＱＹＵＬ ｴｳ ｮ ｭｲ ｄｭ ｳｴｩ ｱＩ ｰｲｧｭ ｴｩ ＯｓｐＮ ｬｴｲ ｮｩ ｺｩｮｨ ｮｳ ｩｮｳｴｬ ＴＸＹＱ ｰｲｬｨｳ ＲＷＮＶＰＸ ｄ ｲ ｳ ｲｳｰ ｴｩｶｭｮＬ ＱＸＯＰＷＲＶＮ ｬｴｲ ｮｩ ｳ ｃｺｩｮｨｳ ｰＩ ｸｴｲ ｳ ｭ ｇｲｵｰ ｭ ｇｲｳｌ ｆｲｮ ｭ

10 Processo , Evento 67, LAUDO4, Página 9 ｂｩｴｲｌ ｳｲ ｏ ｦｩ ｴｩ ｮ ｲ ｶＮ ｭ ｩｮｴ ＲＳＯＰＱＶＬ ｳＩ ｮｴｲｧｵ ｰ ｩ ｭ ｉｔｗｕｏｒｐｑｖｓｅｔｃｒｄｐｆ ｅｳｰｲｩ Ｌ ｳｬｩ ｴ ｦｩｴ ｮ ｭｩｨ ｭｰｲｳ ｧｵ ｰｲ ｊｩｭ ＴＸＹＱ ｰｲ ｴｩ ＯｓｐＮ ｲｳｰｮ ｩ ｍｲｴｩｮｳ ｬｴｲ ｮｩ ｓｩｬｶｌ ｇｲｮｴ ｊｵｲ ｩ ｓｴｭ Ｎ ｎｴ ｦｩｳ ｬ ｬｴｲ ｮｩ ｆｓｐｎ ｮ ｮ ｭｲ ｴ ｮ ｲ ｰｲ ｧｵ ｰｲ ｊｩｭ ｓｴｭ ＴＸＹＱ ｦｩｴ ｰｲ ｰｲ ｩｮｳｴｬ ｅｳｰｲｩ Ｌ ｳｬｩ ｴ ｮ ｭｩｨ ｭｩｴ ＱＵＯＰＸＲＬ ｶＮ ｭ ｩｮｴ ＳＷＮＱＸＰＬ ｇｲｵｰｳ ｇｲ ｩｮＬ ｴｩ ＯｓｐＮ ｏ ｲｳｰｮ ｩ ｇｲｳ ｰ ｩ ｦｩ ｬｴｲ ｮｩ ｍｲｴｩｮｳ ｓｩｬｶｌ ｭ ｇｲｮｴ ｴｩ ＲＳＯＰＱＶＬ ｊｵｲ ｩ ｭｰｲｳ ｓｴｭ Ｎ ｴＩ ｃｭｵｮｩ ｳ ｬｴｲ ｮｩ ｳ ｮ ｭｩｨ ｳ ｰｬ ｰｩ ｦｩ ｳ ｕｭ ｪｴ ｴｬｨ ｌｵ ｈｲｴ ｍｎ ｆ ｲｬＬ ｓｴｲ ｓｒｏｄｐｆｎ ｄｲｎ ｵｪ ｔ ｮｩ ｂｲ ｳＬ ｓ ｲｧｩ ｭ ｩ ｮｴ ｃｩｮｴ ｦ Ｌ ｏ ｄｖ ｍｲｌ ｳ ｰｲ ｮｴ ｭｩ ｳ ｭｩｬｳ ｦｩ ＱＶＲＯＰｓｅｔｃｒｄｐｆＮ ｰｲｳｮｴ ｭｩｳ ｬｭｩ ｴｲｳ ｳｧｵｩｲ ｳ ｲｩ ｮ ｭｲ ＨｕｏｌＩ ｐｬｩ ｳ ｳ ｃｲ ｴ ｳｩ ＲＸＳＰＯＱＶ ｓｎ ｄｰｲｴｭ ｍｭｲｮ ｍｲ ｳ ｏｮｬｩ ｮ ｭｩｨ ｳｴｲ ｆｲ ｩ ｕｮｩｶｲｳ ｰｲ ｭｩｬｳ ｉｖｎｔ ｳ ｲｩ ｳ ｳｵ ｩｮｴ ｬｩｭｴｳＬ ｳ ｵｳＬ ｴｲｳ ｱｵ ｴｰｧｲｦｩＬ ｰ ｮｴｲ ｵｴｲｳ ｓ ｴｩＮ ｲｴ ｳｩ ＱＴＷＯＲＰＶｓｅｔｃｒｄｐｆＮ ｕ ｉｖｎｔｑ ｍｴｲ ｵｬ ＱＹＮＷＲＰ ｔｲｴｳ ｓ ｴｩ ｓｮｴ ｂ ｲ Ｎ ｮ ｭｲ ｏ ＱＹＮＷＲＰ ｶｲ ｭ ｰ ｬｩ ｬｴｮ ｲｧｩｳｴ ｱｵ ｮｴｲ Ｈ ｦ ｭｩｬｨ ｲｧｩｳｴ ｳ ｲｩｳＩＮ ｰｲｴｳ ｳ ｭ ｩｭ ｶｳ ｱｵｬ ｭｵｮｩ ｰ ｳ ｭｴｲ ｵｬ ｰｲｳｮｴ ｭｮ ｩ ｌｩｴ ｳｩ ｲ ｱｵｳｴ ｖｮｌ ｳ ｳ ｲｩｴｵ ｩｭ ｶｬ ｭ ｶｮｲｳ ｰｲｴｩ ｵｬ ｦｩ ｦｩｲｭ ｉｧｵｬｭｮｴｌ ｳ ｲｩｴｵ ｰｲ ｭ ｓｮｴｲｬｩｎ ｴｲ ｃｭｰｲ ｆｩｬｨ ｍｮ ｳ ｪｴ ｶｬｲ ｓｵｳｮ ｉｺ ｬ ｱｵ ｃｭｰｲｩｳ ｊｮｳ ｴｲｩ ＰＵＯＸＲＱＬ ｭｩ ｩｭ ｶｳ ｆｩｬｨｎ ｎｵｳ ｮｧ ｩ ｴｩ ＯｓｐＬ ｩｶｲｳＮ ｓｮｴｲ ｬｩ ｲｴ ｩ ｮｦｲｴ ｳ ｰｲ ｅｭ ｬｩ ｭｵｮｩ ｰ ｓｵｳｮ ｐ ｬｩ ｌｩｴ ｬｩｭｴｳ ｮｳｴ ｰｳ ｊｮｳ ｅｳ ｲｩｴｵ ＲＹＯＱＰＬ ｳｩｴｵ ｲｧｩｳｴ ｭｴｲ ｵｬ ｭ ｩｮｴ ｲｵｬ ｨｳ ｳ ｂ ｲ ｩｭ ｶｬ ｴｲ ｨ ｓｮｴ ｭ ＱＰＬＸＳＶ ｴｲｮｳｦｩ ｓ ｴｩ ｭ ｒｓ ｰｲ ＱＮＰＬ ｶｮＬ

11 Processo , Evento 67, LAUDO4, Página 10 ｉｖｎｔｒ ｍｴｲｩ ｵｬ ＵＮＴＲ ｔｲｴｳ ｓｩｴ ｄｮｩｳｎ ｭ ｴｲ ｭｩ ｵ ｉｖｎ ｮ ｬｩｳ ＵＮＱ ｳ ｳｵ ｰ ｳ ｭｳ ｍｮ ｳ ｓｮｴｲｬｩｎ ｰｬ ｶｬｲ ｎｳ ｳ ｭｰＬ ｮｴ ｭ ｴｳ ｳ ｮ ｐｲｩｴｳ ｅｸｭ ｳ ｳ ｐｲｩｴｳ ｦｴｵｲｭ ｦｩ ｩｸｲｭ ｩｭｧｮｳ ｴ ｳ ｴｮ Ｌ ｳｴ ｬｩ Ｙ ｶｲｩｦ ｮｳ ｳ ｲｵｺｭｮｴ ｩｮｴｦ ｲ ｱｵ ｳ ｴＬ ｳ ｬｲｩｭｮｴ ｶｩｳｮ ｳ ｐｲｩｴｳ ｐｲ ｵｳ ｲ ｦｴｵｲｭ ｬｳＬ ｓ ｴｩＮ ｮｬｩｳ ｰｲ ｓ ｴｩＬ ｳ ｰｳ ｶｬ ｳｧｵｩｮｴ ｳ ｭｮｩｦｳｴｲ ｸｭｳＺ ｩｮｴｦ ｳ ｳｩｭ ｰｲ ｦｩｮｲ ｸ ｵ Ｎ ｰｲｭｩｳＬ ｭ ｂｩｴｲｌ ｐｲｩｴｳ ｆｲｮ ｸｩｳｴｮ ｩｮｴｲｶ Ｌ ｳｵ ｩｮｳｴｬ ｏｳ ｴｲｭｩｮ ｩｬｧ ｮ ｳ ｳｰ ｩｬＮ ｳｰ ｩｬｭｮｴ ｩｮｳｴｬ ｸｭ ｩｮｶｳｴｧ Ｌ ｲｦｭｳ ｶｳ ｲｬｩｺ ｳＮ ｰｲｸｩｭ ｸｩｳｴｮ ｲｴ ｩ ｳ ｰｲ ｳ ｵｲｮｴ ｭ ｵｲｳ ｵ ｲｬｩｺ ｳ ｩｦ ｳ ｰｲ Ｉ ｦｩ ｆｩｬｨ ｮｳｴｲｵ ｩｮｴｲｶ ｳ ｄ ｳ ｩｭ ｶｬ ｓｵｳｮ ｰｮｲｳ ｴ ｴ ｉｺ ｬ ｭｰｬｩ ｳＬ ｬｴ ｳ ｩｳｰｮ ｶＬ ｭｳ ｩｮ ｎｵｳ ｌｩｴ ｶｩ ｮ ｳ ｬｧｳ ｳ ｮ ｭ ｮｳｴｲｵ ｊｮｳ ｭ ｳ ｲ ｨ ｂｩｴｲ ｮｳｴ ｮｳｴｲｵ Ｌ ｩｳｰｮ ｶＬ ｲ ＳＬＵＸＷ ｆｲｮ ｬｶｲ ｓｮｴｲｬｩ ｳｵ ｩｴ ｳ ｭ ｴ ｳ ｴ ｮｩｭ ｰｲ ｂ ｲ Ｌ ｱｵ ｨｩｰ ｴｳ ｸ ｵ ｦｲｭ ｰｮｲｳ ｰｲｸｩｭ ｮ ｭｲ ｅｸｭ ｩｮｦｲｭ ｳ ｶｲ ｱｵｩｲ ｓｮｴ ｳ ｭ ｩ ｮｳ ｳ ｲｩｳＩＮ ｳ ｩｮｴｦ ｲ ｓ ｴｩ ｅｭｩｬ ｮｴｭｰｲｩ ｱｵｩｳ ｩｮｦｲｭ ｳ ｲ ｶｮＬ ｭｮ ｩ ｭｩｬ ｰｲ ｵｳ ｲｭ ｭｩ ｭｵｮｩ ｰ ｦｩ ｰｲ ｬｴｮ ｩｭ ｶｬ ｃｮｳｩｲ ｰ ｳ ｩｭ ｶｬ ｴｩ ＯｓｐＬ ｩｭ ｶｳ ｱｵｬ ｰｳ ｍｴ ｬｧｩ ｲｳｰｩｴ ｱｵｩｳ ｭｵｮｩ ｰ ｭｴｲ ｵｬ ｰｲｳｮｴ ｰ ｬｩ Ｈｱｵｩｮｨｴｳ ｲｴ ｩ ｱｵ ｳ ｲｩｴｵ ｭｴｲ ｵｬ ＵＰＮＬ ＱｖＮＵ ｭｴｲ ｵｬ ｳｪＬ ｒｓ ｂｩｴｲｎ ｰ ｬｩ ｉｧｵｬｭｮｴｌ ｳｩｴｵ ｲｧｩｳｴ ｮ ｳ ｲｩｴｵ ｶｮｲｳＬ ｲｵｬ ｩｶｲｳＮ ｰｲ ｩｭ ｶｬ ｆｲｮ ｃｮｳｴ ｱｵ ｮｦｲｴ ｳ ＲＹＯＱＰＬ ＱＴＷＵＯＲＰＶｓｅｔｃｒｄｐｆ ｄｮｩｳ ｨｳ ｭ ｬｩｭｴｳ ｓ ｴｩ ｏ ＵＮＴＲ ｳ ｩｦ ｳ ｩｮｴｲｶ ｳ

12 Processo , Evento 67, LAUDO4, Página 11 ｲｬｩｺ ｳ ＱＴＷＵＯＲＰＶｓｅｔｃｒｄｐｆ ｭ ｩｮｴ ｶｳ ｮｳｴｲｵ ｭｰｬｩ ｳ ｬｮｧ ｰｲ ｮｬｩｳＮ Ｉ ｅｸｭ ｳ ｲｴ ｳｩ ｮｴｭｰｲｩ ｮｳｴｲｵｩｶ ｳ ｬｭｮｴｳ ｩｦ ｳＬ ｭｴｲｩｳ ｰｲ Ｉ ｴｩｳ ｭｰｲｧｳ ｱｵＬ ｰｵｳｭ ｭ ｴ ｳ ｴｲ ｮｳｴｲｵｩｶ ｲｵｮｩｳＬ ｴｳＬ ｰｲｭｩｴｳ ｩｮｴｦ ｲ ｳｵ ｮｳｴｲｵ Ｎ ｮ ｬｩｳ ｳ ｮｴｩｧ ｱｵ ｦｴｧｲｩｳ ｰｲｳｮｴ ｰｬ ｰｲｩｴ ｰｲｮｳ ｮＢ ｓ ｴｩＬ ｦｲｮ ｩｳ ｏｳ ｸｩｳｴｮ ｮ ｬｴｮ ｭ ｩｮｴ ＸＴＹＯＲＰＱＶｓｒｄｐｆＮ ｮｳｴｲｵ ｭｴｲｩｳ ｓｲｎ ｰ ｵｴ ｐｲｩｴｳ ｳ ｅｭ ｬｩ ｓｮｴｲｬｩｎ ｰｲｳｮｴ ｦｴｵｲｭ ｦｴｧｲｩｳＬ ｳｩｭ ｩｮｴｦ ｳ ｳ ｬｭｮｴｳ ｭｰｲｧｳＮ Ｉ ｅｸｭｳ ｳ ｴｳ ｦｩｳ ＲＹＮＰＱＶＴＷＯｐｒＬ ｮｳｴ ｲｬｴｩｶｳ ｮｴｲｧ ｳ ｭｴｲｩｳ ｭ ｲｬ ｩｮ ｳ ｲｮｧｭ Ｉ ｳ ｪｵｮｴ ｴｳ ｦｩｳ ｭｰｲｳ ｮｦｲｴ ｭｴｲｩｬ ｳ ｬｲｩｭｮｴ ｰｬ ｱｵｩｳ ｳｬｩ ｴｲｭ ｰｳ ｶｬ ｭ ｄ ｲ ｳＮ ｏｳ ｐｲｩｴｳ ｰ ｩ ｦｴｵｲｭ ｳ ｭｰ ｅｮｴｲｶｩｳ ｭ ＰＱＯＲＶ ｍｺｴ ｎｴｌ ｋｩｴ ｨｮｳ ｭｴｲｩｳ ＰＴＯＳＲＱＶＮ ｐｲｩ ｬ ｄｭｩｮｧｳ ｩｬｧ ｮ ｮ ｃｺｩｮｨｳ ｮｳｴｭ ｄ ｲ ｳ ｳｲｶｩ Ｎ ｮｴ ｮｳｴ ｳ ｭｴｲｩｳ ｴｩ ｳ ｸｭ ｓｲｎ ｰｲｳｴ ｆ ｲｩｳ ｳ ｦｲｮｴ ｰｲ ｴｳ ｰｲ ｩｭｮｴ ｭｴｲｩｬ ｓｮｴｲｬｩｌ ｃｲｩｭｮｳ ｓｵｰｲｩｮｴ ｬ ｮｬｩｳ ｩｮ ｬｵｳｶ ｵｲｮｴ ｔｲｭ ｳ ｲ ｅｭ ｬｩ ｓ ｴｩＬ ｮｳ ｰｲｳｴ ｮ ｬｩｳ ｰｲｴｩｮ ｳ ｲｩｴ ｓｅｔｃｏｒｄｐｆｌ ｧＩ ｮｳｴｲｵ Ｌ ｆｲｭ ｳｵ ｰ ｩｳ ｮｳｴ ｮ ｬｩｳ ｦｲｮ ｩｭｴ ｃｺｩｮｨｳ ｩｮｳｴｬＬ ｦＩ ｋｩｴ ｨｮｳ ｮｴｲ ｦｴｩｶｭｮ ＵＰＶＱＷ ｱｵｳｴｩｮ Ｎ ｦｩｳ ｐｲ ｳ ｓ ｴｩ ｩｦ ｳ ｅｮｧｨｲｩｎ ｅｸｭ ｰｲｩ ｬ ｵｴｳ ｭｴｲｩｳ ｴｳ ｮｳｴｲｵ ｮ ｲ ｮｳ ｮｳ ｰｲ ｴｩ ＯｓｐＬ ｭｰｲｧｳ ｳ ｄｬｧ ｔｲｭ ｐｬ ｩ ｍｲ ｬ ｆ ｲｬ ｊ ｊｳ ｭ ｃｳｴｲ ｶｮｴｵｩｳ ｳ ｬｲｩｭｮｴ ｂｰｴｩｳ ｓ ｄｰｩｭｮｴ ｆｲｳ ｐｵｬｌ ｄｨｲｌ ｮ ｖｬｩｭ ｰｮｴ ｮ ｰｲｳｮ ｉｲ ｬｴｮ ｳ ｳ ｃｮｳ ｐｲｩｴｳ ｭ ｊｵｲｳｺｫｌ ｲｬ ｳ ＱＰ ＷＴ

13 Processo , Evento 67, LAUDO4, Página 12 ｮｳｴｲｵ ｸｩｳｴｮ ｭｰ ｭｲ ｉｖｎｕｒ ｭｴ ｬｧｩ ｩｮｴｦ ｮｳｴｲｵ ｴ ｬｧｳ ｦｩｴ ｳ ｩｦ ｳ ｭ ｱｵ ｮ ｩ ｳ ｐｲｩｴｳ ｦｩ ｰｳ ｶｬ ｩ ｴ ｩｮ ｬｵｲ ｳｭｴｲ ｲｳｬｵ ｳ ｴｩＬ ｱｵＬ ｶｮＩＮ ＲＰＱＬ ｩｮｴｦ ｰｬｳ ｩｮｴｲｶ ｮｴｲ ｰｲ ｴ ｩｭｧ ｶｮ ｩｭｧｮｳ ｮ ｦｩ ｰｳ ｶｬ ｩｮｳｴｬ Ｌ ｳ ｰ ｳ ｴ ｰｲＬ ｰｬ ｳ ｮｴｳ ＲＰＱＮ ｭｰｬｩ ｦｴｵ ｮｨ ｳ ｬｧｳ ｦｩｮｳＬ ｲｭ ｩｭｧ ｮｧ ｴ ｐｲｩｴｳ ｮｳｴｲｵ ｬｩ ｵ ｲ ｮｴ ｩｳＬ ｸｩｳｴｮＬ ｩｮ ｭｩｳ ｦｩ ｦｲｭＬ ｰｲ ｳ ｬ ｭ ｄｳ ｲｦｩ ｶｮＮ ｮｧ ｩ ｳ ｩｭ ｮｬｵｳ ｳｴ ｬｩＬ ｳ ｲｩｴｵ ｮ ｮｴ ｐｲ ｩ ｩｮ ｰｲｩｴ Ｌ ｮｴｲｩ ｳｴ ｬｩ ｲ ｮｴＬ ｩｭｧ ｱｵ ｰｲｪｴ ｭｲ ｭｩｳ Ｈｴ ｮｳｴｲｵ ｬｩ ｩｭｧ ｵｪｳ ｳｴ ｬｩ ｳｴ ｬｩ ｱｵ ｦｴｵ ｳ ｩｮ ｳ ＲＰＱＬ ｦｴｧｲｩｳ ｮｨ ｭ ｭｬｨｲｩｳ ｨｶｩ ｳ ｦｩｳ ｳ ＲＹＯＱＰ ｮｧ ｩ ｳ ｮ ｦｴｵ ｳＬ ｲｦｭｳ ｩｮｴｦ ｩｮｦｲｭ ｳ ｳ ｱｵ ｬ ｭ ｐｲｩｴｳ ＰＷＯＳＲＱ ｰ ｳ ｩｭｧ ｬｴｩｭ ｭｳ ｮｴｳ ｳｴｭ ｲ ｲｬｴ ｶ ｩｮ ｦｩ ｓｧｵｮ ｳ ｮ ｩｺｴｳ ｰｲ ｐｲｩｴｳｎ ｭ ｴｳ ｳ ｳ ｰｬｳ ｎ ｩ ｭｰｬｩ ｳＬ ｩｮｴｦ ｰｲｴｩ ｵｬ ｮｳｴｲｵ Ｌ ｳ ｐｲｩｴｳ ｮｳｴｲｵ ｲｦｭｳ ｳｲｴＬ ｐｲ ｳ ｓｮｴｲｬ Ｌ ｴ ｬ Ｎ ｮｳ ｭｰｬｩ ｳ ｅｭ ｬｩ ｲｬ ＲＰＱＮ ＰＷＯＳＲＱＮ ｳ ｲｩｴｵ ｬｴｮ ｳｴ ｬｩ ｮｴｲ ｧｳｴ ｩｭｧ ｳ ｔｶｩｌ ｮｳｴｲｵ Ｌ ｳ ｴｩｳ ｮｦｩｴｲｳ ｓｩｴｎ ｭｰｲｧｳ ｦ ｳｩ ｳ ｴｩｳ ｳｧｵｮ ｰｲ ｰｲ ｸｩｳｴｮ ｩｮＬ ｄ ｲｳｬｵ ｲ ｳ ｸ ｵ ｳＮ ｰｲｮ ｩｳＮ ｰｲｳｮｴｭ ｶｧｴ ｳ ｮｴｩｳＬ ｭ ｩｳ ｭｵｬｴｩｰｲｳ ｩｭｧｮｳ ｮｳｴｲｵｩｶ ｳｵ ｓｲｎ ｰｲ ｩｳ Ｑ ｄｴ ｩｮ ｬｭｴ ｳｴ ｬｩ ｦｴｧｲｭ ｩ ｳｴｩｬ ｬｭｮｴｳ ｮｳ ｩｸｲｭ ｦｴｩｶ ｰ ｲ ｳ ｰｲｩｴ Ｌ ｩｮｴｦ ｳ ＲＰＱＮ ｸｭ ｮ ｳ ｮ ｬｩｳ ｳ ｵｴｲｳ ｮｴｩｧ ｰ ｴｭｰｵ ｳｴ ｬ ｲ ｳ ｩｦ ｳ ｦｴｵｲ ｦｴｧｲｭ ｩ ｰｬ ｴ ｐｲｩｴｳ ＲＹＯＰＸＱＵＮ ｮｳｴｲｵ ｮ ｬｩｳ ｰｲｳｮｴ ｩｦ ｳ ｮｴｳ ｩｭｧｮｳ ｰｬ ｮｴｭｰｲｩ ｵｴｩｬｺｲｭｳ ｲｱｵｩｶｳ ｳ ｮｴｲ ｴｩｶｲｭ ｳ ｮ ｴｲｶｭ ｮｬｩｳ ｭｩｲ ｳｩｭｬｲ ｭ ｵｲｮｴ ｩｭ ｶｬ ｮ ｲｴｳ ｮ ｩｮ ｳｭ ｴ ｨｭｳ ｮｳｩｲｭ ｴｩｳ ｰｲｩ ｳＬ ｪ ｳ ｦｲｭ ｴ ｩｮｴｦ ｲ ｳＬ ｰｲ ｸｭＬ ＳＱＯＰＷＲＴ ｰｲ ｦｴｧｲｩｳ ｸｭｳ ｱｵ ｮｴｲｩｳ ｱｵ ｐｲｩｴｳ ｳ ｳ ｳ ｃｮｳｴｲｵ ｱｵ ｰｲｴｩ ｐｲｩｴｳｎ ｐｲ ｳ ｓ ｴｩ ＲＰＱＮ ｰｲｴｩ ｰｬｳ ｄｴｬｨ ｰｲ ｭ ＱＴＷＵＯＲＰＶｓｅｔｃｒｄｐｆ ｳ ｩｭ ｶｳ ｳｴ ｬｩ ｭ ｧｳｴ ｕｦｌ ＷＴ

14 Processo , Evento 67, LAUDO4, Página 13 ｭｲ ＲＰＱ ｦｩ ｮｳｴｲｵ ｵｴｩｬｺ ｮｴｳ ｳ ｲ Ｑ Ｑ ｃｳ ｃｮｳｴｲｵ ｐｩｳ ｮ ｉｭｧ ｳｴ ｬｩ ｌｧ ｦｩｮ ｩｭｧＬ ｳ ｴｭ ＲＰＱ ｱｵ ｦｩ ｰｮｴ ｬｧｳ ｳ ＲＰＱ ｮｳｴｲｵ ＰＲ ｭｲ ＲＰＱＬ ｳｴｱｵ ｰｲ ｳ ｐｲｩｮ ｰｬＮ ｃｳ Ｑ ＨＸＩ ｳ ｪｮｩｲ ｩｭｧ ｃｳ ｭｲ ｱｵ ｲｭ ｬ ｭ ｭ ｮｴｲ ｻＰＱＩＬ ｩｭ ｶｬＮ ｰｲ ＱＹＮＷＲＰ ｴｲ ｨ ｩｭ ｐｲｩｮ ｰｬ ＨＷＩＬ ｭｴｲ ｵｬ ｩｬｵｳｴｲ ｎｴｳ ｰｲ ｴｭｰｲｬ ｦｴｵ ｦｩｧｵｲ ｩｦ ｳ ｆｩｧｵｲ ｦｴｧｲｭ ｩ ｴｰｧｲ ｦｩ ｲｬｩｺ ｳ ｮｳｴｲｵ ｲｦ ｮ ｩ ｬｶｮｴｭ ｮｦｩｴｲｳ ＱＴＷＵＯＲＰＶｓｅｔｃｒｄｐｆ ｸｩｳｴｮ ｮｳｩｲ ｮｴｲ ｸｩｳｴｮ ＨＳＩＬ ｮｳｴｲｵ ｅｳｰ ｮ ｦｵｮｳ ｐｲｩｮ ｰｬ ｴ ｇｵｲｭｴ ｳ ｃｳ ＨＴＩＬ ＰＷＯＳＲＱＬ ｃｳ ｲ ｐｲｩｮ ｰｬ ｃｨｵｲｳｱｩ ｮｴｲ ＨＹＩＬ ＨＶＩＬ ｲ ｭｩ ｮｴｩｧＮ ｰｲｸｩｭｳ ｌｧ ｦｩｧｵｲ Ｒ ｩｬｵｳｴｲ ｵｴｲ ｴｲ ｨ ＲＮ ＱＲ ｩｭｧ ｭｲ ＲＰＱＬ ｳｴ ｶｺ ｮｳ

15 Processo , Evento 67, LAUDO4, Página 14 ｆｩｧｵｲ Ｒ ｉｭｧ ｩｮ ｬｵｳｶ ｶｩｲｴｵ ｩｭｧ ｶｧｴ ＲＬ ｳｵ ｮｴｲ ｮｴｲ ｳ ｬ ｭ ｳ ｳ ｰｳｱｵｩｲｭ ｭｳ ｄｰ ｳｩｴ ｪ ｦｩｧｵｲ ＨＱＴＩＮ ｳ ｩｦ ｳ Ｓ ｩｬｵｳｴｲ ｅｭ ｐｳｱｵｩｲｌ ｮ ｴｲｶｭ ｩｭｧ ＨＹＩＬ ｮ ｬｩｳ ｂｲ Ｌ ｳ Ｒ ｃｳｩｲ ｮｴｲｩｳ ｌｧ ｭ ｩｮｴ ｃｳ ｴｩ ｮｳＮ ｃｳ ｸｴｩ Ｌ ｩｭｧｮｳ ｮｴ ＲＮ ｮｳｴｲｵ ｲｴｵ ｆｩ ｨｳ ｮｳｴｲｵ ｓｧｵｲｮ ｳ ｮｳｴｲｵ Ｎ ｌｧ ｳ ｩｮｴｦ ｲ ｐｲｩｴｳ ｩｮｴｦ ｲ ｰｳ ｶｬ ＲＰＱＬ ｰｳ ｶｬ ｳｵｬＬ ｮ ｩｳＬ ｳ ｸｴｲｭｩ ｳ ｩｮｴｦ ｲ ＲＰＱ ｩｭ ｬｪｭｮｴ ｩｭｧ ｭｲ ｲｺ ＱＴＷＵＯＲＰＶｓｅｔｃｒｄｐｆ ｭｲ ｦ ｨ Ｌ ｅｭ ｮ ｳｴ ｬｩ ｰ Ｎ ｩｮｴｵ ｰｲｴｩ ｶｧｴ Ｑ ｱｵｬ ｭ ｐ ｲｴｩ ｳ ｳｴ ｬｩ ｬ ｭｮｴ ｎｂ ｺｭ ｲ ｭｲ ＲＰＱＬ ＲＰＵＬ ｩｭｧＮＱ ＱＳ ＷＴ

16 Processo , Evento 67, LAUDO4, Página 15 ｆｩｧｵｲ Ｓ ｌｧ ｉｭｧ ｩｭ ｮ ｴｲｶｭ ｱｵ ｮｳｴｲｵ ｭｩｲ ｬｲｺ ｴ ｳ ｴｲｩｶｳ ｺｭ ｲ ＲＰＵ ｮｴｲ ＱＷ ＲＰＵＮ ｲｳｰ ｴｩｶｭｮＩ ｪ ｩｮ ｩｭＬ ｭ ｰｳ ｶｬ ｭｲ ｦｩｲｭ ｰｲｳｮｴ ｱｵ ＲＰＱ ｳ Ｈ ｩ Ｖ ｲ Ｓ ＰＲ Ｗ Ｔ ｇｵｲｭｴ ＱＴ Ｌ Ｘ ｃｨｵｲｳｱｩ ｐｩｳ ｮ ｌｧ ｮｳｴｲｵ ｭｳ ｩｭ ｶｬＩＮ ｐｲｩｮ ｰｬ ｅｳｰ ｩｭｧ Ｑ ｃｳ ｃｳ ＱＳ ｃｳｩｲｎ ｩｦ ｳ Ｈ ｮｳｴｲｵ ｺｭ ｲ ｸｰｳｴ ｮ ｴｲｶｭ ｰｲ Ｑ Ｒ ｳｧｵｩｲ ｪ ｳ ｳｴ ｬｩ ｐ ｲｴｩ ｳ ｃｳ ｃｮｳｩｲ ｩｮ ｳ ｮ ｮｳｴｲｵ ｲｬ ｩｮ ｳ ＱＴＷＵＯＲＰｉＶｓｅｔｃｒｄｐｆ ＲＮ ｎｴｳ ｳ Ｑ ｮｴｳ

17 Processo , Evento 67, LAUDO4, Página 16 Ｙ ｌｧ ＱＷｐ ｲｴｩ Ｒ ＱＳｐ ｲｴｩ ｃｳ ｓ ｴｩＬ ｳｴｮ ｦｴｵ ｳ ｉｖｎｕｓ ｬｩｭｴ ｦｩｮｲ ｳｩｭ ｳ ｃｳ ｮｳｴｲｵ ｳ ｮｳｴｲｵｩｶ ｳ ｭｲ ｭｩｳ ＲＰＱＬ ｩｦ ｳ ｭｰｬｩ ｳ ｭｩｳ ｩｮｳｴｬ ｩｭ ｶｬ ｪ ｳ ｮｳ ｮ ｴｲ ｮ ｬｩｳ ｩｦ ｮｴｳ ｭｵｬｴｩｰｲｳ ｳ ｸｰｲｳｩｶ ｮ ｍ ｩｮｴ ｰｲｩ ｳＬ ｴｭ ｦｲｭ ｭｰ ｩｭ ｶｬＬ ｳｴ ｬｩＬ ｳ ｭｰｬｩ ｳ ｩｮｴｦ ｳ ｰｲ ｩｭｧｮｳ ｮｳｴｲｵ Ｚ ｮ ｬｩｳ ｭｩｳ ｐｲｩｴｳ ｧｲｭ ｬｭｮｴｳ ｲｦｭｳ ｴｩ ｳ ｲｬｩｺ ｳ ｩｮｴｲ ｐｲｩｮ ｰｬＮ ｧｲｭ ｰｲｩｭ ｩｮｴｲｶ ｩｭｧ ｭｲ ｴｵｳ ｄｵｲｮｴ ｸ ｵｴ ｧｲｭＬ ｩｭｧ ｵｲｮｴ ｳｴ ｬｩ ＲＰＱ ｶｩｳｴｲ ｳ ｰｲ Ｕ ｴｲｶ ｳ ｭｰ Ｔ ｴｩｳ ｦｩｧｵｲｳ ｳｲｶ ｭｰｬｩ ｸｭｳ ｳ ｳ ｦｩ ｰｲ Ｌ ｩｭｧｮｳ ｩｬｧ ｮ ｳ ｰｲｮ ｳ ｳ ｮｴｳ ｲｦｭｳＬ ｐｲｩｮ ｰｬ ｬｴｲＮ ｭｳｴｲ ｃｳ ｩｮｴｲｶ ｳ ｭｰｬｩ ｏｳｴｉｎ ｰｲ ｰｳ ｶｩ ｰｲ ｲｴｵ ｉｖｎｕｓｑ ｳ ｭｰ ｵｳ ｃｳ ｲｬｴｩｶｳ ｸｭｳ ｩｮｴｦ ｲｭ ｸ ｵｴ ｳ ｐｲｩｮ ｰｬ ｳ ｵｴｳ ｮｴｩｧＮ ｩｭ ｶｬＮ ｰｳｲ ｳ ｮｳｴｲｵ ｸｴｩ ｰｳｴｲｩ ｵｲｮｴ ｳ ｭｩｲ ｴｳ ｃｮｳｴｲｵ ｉｖｎｕｓｑ ｃｮｳｴｲｵ ｃｳｩｲ ｎ ｮ ｳ ｲｩ Ｑ Ｙ Ｒ ＱＴ ｦｺｳ ＱＴＷＵＯＲＰＶｓｅｔｃｒｄｐｆ ｰｲ ｳｱｵｲ ｭｬｨｲ ｲｳｬｵ Ｔ ｳ ｍ ｩｮｴ Ｈｬｴｲ ｳ ｩｭｧｮｳ ＲＰＱＮ ｮｳｴｲｵ ｳ ｭｩｲ ｳ ｭｵｬｴｩｰｲＬ ｱｵ ｰｲｴ ＲＰＱＮ ｮ ｬｩｳ ｦｶｲｩ ｩｮｴｦ ｲｭ ｩｶｳ ｲ ｳｴｭ ｲ ｩｭｧ ｲｴｵ ｐｲｩｴｳ ｭｮｳｴｲ ｲｴｵ ｦｩ ＨｱｵｴｲＩ ｦｬｨｳＮ ｦｩｧｵｲｳ ｳｴ ｬｩ Ｗ Ｙ ｦｩｧｵｲ Ｖ ｭｳｴｲ ｓｩｴｎ ＱＵ ＷＴ

18 Processo , Evento 67, LAUDO4, Página 17 Ｔ ｳ ｆｩｧｵｲｳ ＵＺ ｳｰ ｩｲｴ ｄｴｬｨ ｶｺｩ ＱＴＷＵＯＲＰＶｓｅｔｃｒｄｐｆ ｰｲ Ｈｩｮ ｳ ｰｬ ＨｦｶｲｩＯＲＰＱＩ ｳｴＩ Ｖ ｳｴｱｵ ｆｩｧｵｲ ｴｳ ｮ ｩｭｧ ｭ ｎ ｮｴｲ ｄｴｬｨ ｩｭｧｮｳＮ ｃｳ ｭｰｬｩ ｳｴ ｬｩ ｭｬｨｲ ｲｳｬｵ ｩｭｧ ｐｲｩｮ ｰｬ ｲｴｵ ｳ ｲ ｳｴｭ ｲＯＲＰ ｭｰｬｩ ｉｎ ＱＶ ｳｱｵｲ Ｈｭｲ ＯＲＰＱＩ ｭｵｲ ｴ ｮｴｩｧ ｸ ｵｴ Ｌ ｬｴｲＮ ｎ ｳｰ ｶｺｩＮ ｩｭｧ ｭ

19 Processo , Evento 67, LAUDO4, Página 18 ｆｩｧｵｲ Ｗ ｭｬ ｄｴｬｨ ｘｕｐ Ｘ ｬｩｮｨ ｆｩｧｵｲ Ｈ ｲｮＩＬ ｖｩｳｴ ｩｭｧ ｴｩ ｸｴｲｮ ｵｲｮｴ ｳｴｱｵ ｰｲ ｲ ＱＴＷＵＯＲＰＶｓｅｔｃｒｄｐｆ ｳ ｭｰｬｩ ｲ ｸｭｳ ｭｩｳ ｰｲ ｴｬｨ ｬｲ ｭｩ ｰｲ ｩｦｲｮ ｴｬｨ ｱｵｩｰｭｮｴ ｘｆｬｹ ｮ ｲ ｂｲｳｩｬ ｰｩｳ ｭｰｬｩ Ｎ Ｈｳｰｲ ｰｬ ｴｲ ｪ ＩＮ ＱＷ ＷＴ

20 Processo , Evento 67, LAUDO4, Página 19 ＱＴＷＵＯＲＰＶｓｅｔｃｒｄｐｆ ｭ ｆｩｧｵｲ Ｙ ｖｩｳｴ ｦｲｮｴｬ ｬ ｭ ｳ ｮｴｳ ｧｲｭＮ ｮ ｬｩｳ ｳ ｮｳｴ ｩｭｧｮｳ ｳ ｵｴｳ ＵＰＶＹＷＮＳＸＲＱＴＯｐｒ ｴ ｩＯｓｐＬ ｩｲｴｭｮ ｓ ｴｩＬ ｵ ｳ ｐｲｩｴｳ ｸｭ ｴｳ ｴｲ ｩｳＬ ｲｬｴｩｶｳ ｬｧｳ ｮｳ ｦｴｵｲｭ ＵＰＶＱＷＲＹＮＴＯｐｒ ｩｮｴｦ ｳ ｰｲｳｮｴ ｴｭ ｰｲ ｳ ｦｲｭ ｴｲｶ ｳ ｮｦｲｭ ｳｴ ｬｩＬ ｳ ｎｬｳ ｭ ｩｮｳｴｬ ｦｩｧｵｲｳ ｬｳ ＱＰ ｉ ｭｴｲｩｳ ｗｏｔ ｮｴｲｧｵｳ ｩｴｮｳ ｳｩｭｬｲ ｳ ＱＳＮ ｆｬｓｃｌｔｕｒｩ ｬｴ ＺＮ ｕ ＰＴ ＵＰＹ ｳＮｩﾫ ｋｭ ｨｫｩｭ ｲ ｩｶｴ ｵ ｮ ｪｩ ﾫ ｬｩ Ｑ Ｎ ｋｗｈ ﾫ ﾻ ｶ ｐｂｔﾻ ｋ ｴ ｍｋｬ ｳｲ ｌｩｴｌ ｰｲ ｳ ＵＰＶＹＷＮＳＸＲＱＴＯｐｒ ｍｬﾻ ｍｏｈ ｦｩｳ ｬ ＲＰＳＹ ｌｵｩｺ ｩＮｕＪ ｴ ｮ ｲ ｌｵｬ ｓｒｏｄｐｆ Ｈｩｴｭ ｅｶｮｴ ｦｬｨｳ ｮｴ ｩ ｳｴｩｮ ｲ ｐｵｬ ｴ ｮｳｴ ｮﾰ Ｔ Ｈｲｵ ｓｩｬｶ ｄｩｳ ＲＵＯＰＱＮ ｲ ｄｰ ｳｩｴ ｴｮ ｴ ｉｮ ｩ ｰｲｴ ｴｩ ＯｓｐＩＬ ｋｮｴｶｺ ＳＰＵＯＲＱＶ ｬｩｲ ｮＢ ｲｳｩ ｮ ｰｲｮｳ Ａ ｮｴｲｧｵ ｍｲｩ ｮ ｬＮｴＪ ｃｍ ｃｵｮｨ ｩｬｍﾻ ﾫｉｌ ｍ ｉｭｧ ｮｧｬｩｭ ｈｮｲｩｱｵ ｊｕｉｙ Ｈ ｰｭｬ ｆｩｧｵｲ ＱＰ Ｂｊ ｗｬｩ ﾻＷｉｍ ｃｬ ｔｍｉｄ ｉﾻｎｌ ｭｵＪ ｷｴ ｍ ｄｇ ｩ ｴｮｳ ｭＮＺ ＰＱ ｩｕｭ ＧＢ ｶ ｦｩｓ ＱＶＳＰＮＵｉｕＴ ＰＳＩＬ ｦｩ ｰｮｳ ＷＬ ｦｬＮ ｰｲｮ ｩ ＷＳＱ ｳ ｵｴｳ ｵｴ ＷＴ

21 Processo , Evento 67, LAUDO4, Página 20 ＱＴＷＵＯＲＰＶｓｅｔｃｒｄｐｆ ｍｲｭｩ ｒｳｧｭｲｴ ｒｳｧｭｲｴ ｮｬ ｓ ｉｮ ｵｳｴｲｩ Ｏ ｊ ＱＳＰ ｊｪｩｲ ｏ ｐｮｴ ｌｴｎ ｃｭｊｲ ｴ ｦｷＯｆｩｸ ｻｬＧｩ ｍｩｲｦｬﾻ ＪＴＱＲ ｊｔｗ ｃｅｐ ｇｲｪｮｩ ＱＲＮＹＴＰＳＶ ｊ ｰ ｘｬ ｩｊｋ ｑｵｮｲ ｔｬｂｴｊ ｓｩ ｏｒￇｍｅｎｔ ＨｑＮ ｎｇ ＰＳＱ ｔｏｌ ｹ Ｏ Ｏ ｨ ｹｮＯｑ Ｏ ｕ Ｉ Ｏ ｖｌｏｒ ＡＮＪ ｉ Ｊｗ ｷｭ ｉ Ｂ Ｎ ｧｴｍｃｳ ｭ Ｎ ｦ ｩ ＢｉＧ ｲ ｉ ｨ ｵｪ ｭｷ Ｂ ｲＢＱＡﾻ ＢＧＪＮ Ｎ ﾻ Ｑ ｉｭｧ ｩｮｴｲｳ ｦｩ ＷＲＹ ｵｴｳ ｵｴ ｆ ｩ ｮｴ ｦｬＮ ｲ ｭｮｴ ｰｲ ｳ ｰｲｮ ｩ ｂｴｩｳ ｮ ｰｲｮｳ ｴ ＳＰＵＯＲＱＶ ＵＰＶＹＷＮＳＸＲＱＴｑＯｐｒ ｌｵｩｺ ｧｲｮｩｴ Ｇ Ｂｩ ｼ ＮＪＨ ｬ ｩｮｹ Ｎ ｶＪｮ ＺＮ Ｎｬ Ｃ ｌ ｰｲｴ ｲ ｭｮｴ ｩＬ ｭ ｉｮ ｩ ｓｒｏｄｐｆ ｏ ｓｩｬｶ Ｈｩｴｭ ｅｶｮｴ ｴｮ ＰＹＯＳＲＱＮ ｌｵｬ ＱＹ Ｇ Ｇ ｩ ｩ ｳｬｩｲ ｲｳｩ ｮ ｲ ＪＮ ｚｩ ｆｩｧｵｲ Ｏ ｒｓ ｉ ｮｭｨＮ ｩ ｔｏｌ ｮﾰ ＷＮＬ ＰＳＩＬ ｮｳｴ ｰｮｳ ｳ

22 Processo , Evento 67, LAUDO4, Página 21 ｆｩｧｵｲ ＱＲ ＱＴＷＵＯＲＰＶｓｅｔｃｒｄｐｆ ｭｩｲ ｄｴｬｨ ｱｵｴｲ ｳ ｲｩ ｦｬｨｳ ｭｰｬｩ ｰｲｴ ｴ ｭ ｰｴ ｶｬ ｦｩｳ ｬＬ ｃｳ ｲ ｩｮｳｴｬ ｮ ｲ ｐｲｩｮ ｰｬＮ Ｏ ｆｩｧｵｲ ＱＳ ｄｴｬｨ ｰｴ ｶｬ ｩｮｳｴｬ ｮ ｳ ｧｵｩｳ ｲ ｳｬｩｲ ｳ ｲｩ ｭｰｬｩ ｲ ｧｲｮｩｴ ｰｲｴ ｳ ｲ ｭｮｴＬ ｃｳ ｱｵｴｲ ｐｲｩｮ ｰｬ ｦｬｨｳ ｰｲｴ ｭｩｲＮ ｄｵｲｮｴ ｱｵ ｳ ｮｴｳ ｭｴ ｬｩ Ｌ ｳ ｭｴｲｩｳ ｮｴｲ ｴｩｳ ｴｩｳ ｴ ｳ ｭ ｦｩｳ ｩｭｮｴＬ ｭｲ ｶｩ ｲｳＬ ｳ ｮｴｲ ｮｴｲ ＲＰＱＬ ｩｮ ｵｴｲｳＬ ｐｲｩｴｳ ｦｲＬ ｳｲｶｭ ｺｭ ｲ ｰｲｦｩｳ ｮｳｴｲｵ Ｎ ｭｴｲｩｳ ｮ ｩｺｴｳ ｳ ｴｩｪｬｳＬ ｮｴ ｭ ｵｴｳＬ ｶｭ ｲ ｲｩＬ ｰｲｴｳＬ ｰｮｳ ｰｲｮ ｩ ｮ ｩｺｴｳ ｦｶｲｩ ｴｳ ｰｲ ｳｩ Ｌ ｵｴｲｳＬ ｭｩｴｳ ｮｳｴｲｵｩｶＬ ｮ ｬｩｳ ｭｩｴｳ ｲｦｭｳ ｦｩｳ ｰｲ ｊ ｴ ｲｭｩ ｳｴｲｵ ｬｧｳ ｲｬ ｩｮ ｳ ＲＰＱ ｴｳ ｭｮｴｳ ｮｳｴｲｵ Ｎ ＲＰ ＷＴ

23 Processo , Evento 67, LAUDO4, Página 22 ｃｮｳｩｲ ｭｰｬｩ ＲＰＱＬ ｴ ｃｳ ｐｲｩｮ ｰｬ ｰｳ ｶｬ ｉｖｎｕｓｑｒ ｩｭｧｮｳ ｳｧｵｮ ｳｴ ｬｩＬ ｸｭｳ ｳ ｳ ｳｴｲｵ ＱＶ ＱＵＺ ｩｲｴ ｄｴｬｨ ｦｩ ｶｺｩ Ｈｵｴ ｲＯＲＰＱＳＩ ｶｭ ｲ ｮｳｴｲｵ ｺｭ ｲ ＲＰＱＮ ｴ ｮｳｴｲｵ ｧｳｴ ｧｲｭ ｭｳｴｲ ｦｩｧｵｲｳ ｳ ＱＴ ｰｲ ｩｭｧｮｳ ｰｬ ｴｳ ＲＱ ｲ ｩｭｧ ｃｳ ｶｺｩＮ ｬ ｵｲｮｴ ｮｴｲ ｎ ｮｳｴｲｵ ｩｭｧ ｬ ｳｬ ｐｲｩｮ ｰｬ ｄｵｲｮｴ ｮｶｩ ｶｩｳｴｲ ｲｴＬ ｩｭｧｮｳ ｓ ｴｩＮ ｳｱｵｲ ＨｧｳｴＯＲＰＱＩ ｲｴｵ ｩｮｴｭＮ ｳ ｵｴ ｲ ｳｱｵｲ ｰｲ ｩｭｧｮｳＮ ｳｴＩ ｭｵｬｴｩｰｲ ｭｮｳｴｲ ｴｩｳ ｳ Ｈｩｮ ＱＵ ｮ ｬｩｳ ｲｴｵ ＲＰＱ ｶ ｴｲｳ ｳ ｭｰｬｩ ｩｮｴｦ ｲｭ ＱＷ ｭ ｩｮｴ ｐｲｩｴｳ ｳｰ ｳｭｴｲ ｦｵｮｳ ｭｴ ｬｩ Ｎ ｦｩｧｵｲｳ ＱＴ ｰｲ ｳ ｭｰ ｩｭｧ ｴｳ ｆｩｧｵｲｳ ｰｲｩｭ ｱｵ ｮｴｲ ｩｭｧ ｏｳｴｉｌ ｭ ｳｴ ｬｩ ｮｬｵｩｲ ｰｲｶｬｭｮｴ ｴｭ ｰｮｴ ｸ ｵｴ ｰｲｮ ｳ Ｈｬｴｲ ｳ ｭｵｩｴ ｩｮｴｲｶ ｰｲ ｮｳｴｲｵ ｰｳ ｶｬ ｬｴｲ ＲＰＱＳＮ ｩｭＬ ｩｮ ｩｮ ｃ ｲｴｵ ｳ ｸｰｳｴ ｦｩ ｴ ｲｭｩ ＱＴＷＵＯＲＰＶｓｅｔｃｒｄｐｆ ｳ ｲ ｭｵｲ ｬｴｲＮ ｮｴｩｧ ｎ ｳｰ

24 Processo , Evento 67, LAUDO4, Página 23 ｆｩｧｵｲ ＱＶ ｱｵｩｰｭｮｴ ＱＷ ｄｴｬｨ ｘｆｬｹ ｲｴｵ ｆｩｧｵｲ ｖｩｳｴ ｧｲｬ ｩｭｧ ｂｲｳｩｬ ｶ ｭ ｲ ＱＴＷＵＯＲＰＶｓｅｔｃｒｄｐｆ ｴｩ ｲｮ ｭｬ ｵｲｮｴ ｮ ｘｕｐ ｳ Ｈ ｲｮＩＬ ｸｭｳＬ ｰｲ ｳｴｱｵ ｭｩ ｰｲ ｩｭｧＮ ｲｴｵＮ Ｒ ＷＴ

25 Processo , Evento 67, LAUDO4, Página 24 ｅｳｴ ｩｮ ｴｩｰ ｮｬｵ ｭ ｸｴｩ ｰ ｳｩｴｵ ｳ ｳ ｴｲ ｳ ｴｳ ｴｳ ＲＷＮＶＰＸＬ ｵｴｩｬｺｳ ｴ ｳ ｰｲ ｳ ｲｬｴｩｶ Ｈ ｮｴ ｰ ｳ ｭｩｬ ｳ ｴｲ ｳ ｮｴｲｬＬ ｐｲｩｴｳ ｆｲｭ ｭｳ ＲＷＮＶＰＸ ｭ ｱｵｩｮ ｬｶｲ ｴｲｭ ｳ ｸｩｳｴｮＮ ｅｳｰｲｩ ｮﾰ ｮｴ ｭ ｭｴｲｩｬ ｎｴ ｆｩｳ ｬ ｳｭ ｮｴ ｭ ｭｴｲｩｳ ｳ ｲｩ ｪ ｴｩ ＯｓｐＬ ｳ ｃｲｩｮ ｦｩｳ ＴＸＹＱ ｩｳ ｲｭｮ ＲＸＮＱＹＵ ｭｩ ｴｳ ｰｩＬ ｮ ｴｲｭ ｭ ｶｩｳ ｶＮ ｦｴｧｲｭ ｧｵ ｆｩｳ ｬ ｳ ｎｴ ｳ ｩｭｰｲｴ ｮ ｆｩｳ ｬ ＱＴＮＶＷＰ ｒｄ ＱＷＰＮ ｲｩｳＩＮ ｃｭｰｲｮ ｳ ｭｬ ｎｴ ｳｲｶｩ Ｎ ＵＰＶＱＷＲＹＮＴＯｐｒＬ ｶｮｩ ｵｳ ｬ ｴｲｩ ｵ ｐｲ ｳ ｩｮｳｴｬ ｰｲ ｮ ｩ ｩｬｨ ｏｳ ｰｬｮｪｳ ｳ ｶｩ ｮ ｲ ｳｴｮ ｱｵｬｲ ＲＰＱＳＮ ｦｲｮ ｱｵｮ ｭ ｶｩｳ ｰｲｳｴ ｳｲ ｴｲｭｩｮ ｭ ｳｲｶｭ ｩｦＮ ｮｴｲｧ ｰｳ ｶｬ ｳｴｭ ｲ ｭｩ ｲｮｳＬ ｮ Ｉ ｵｴｳ ｮｦ ｳ ｰｳ ｶｬ ｰｲｮ ｩ ｧｶｴｩｲｳＬ ｩｴｮｳＬ ＱＴＮＶＷＰ ｬｴｲ ｭ ｳｩ ｳ ｰｲ ｐｲｩｴｳ ｰｩＬ ｦｲｮ ＲＸＮＱＹＵ ｮ ｴ ｳ Ｈｦｧ ｦｩｳ ＲＰＱ ｇｵｲｭｴｌ ｮ ｳ ｰｮｳ ｳ ｳ ｃｺｩｮｨ Ｈ ｩｮ ＩＬ ｭｬｳ ｳｮｴｩＬ ｳｴｲ ｩｭＬ ｫｴｰ ｳ ｎｳ ｳｴｭ ｲ ｭｰｬｩ ｳ ｳｩ ｭ ｵｴｩｳＬ ｳｮ ｰｮ ｬｴｳＬ ｹ ｳｲｶｩ Ｎ ｸ ｵ Ｌ ｭｳ ｮ ｳｩ ｲｰｩ ｭｮｴＬ ｇｵｲｭｴ ｲｭ ｩｳ ｲｦｩｧ ｸ ｵｴ ｬｴｲ ｭ ｳｩ ｩｮｴｦ ｳ ｳｲ ｭ ｳ ｃｺｩｮｨ ｮ ｭｲｳ ｩｮ ｬ ｩｮｴｲｶｬ ｬ ｭ ｬｵ ｳ ｰ ｰｲ ｒｦｲｭ ｰｬｮｪｳ ＱＴＷＵＯＲＰＶｓｅｔｃｒｄｐｆ ｮｳｴｲｵ ｭｳ ｳｵ ｆｖｎｕｓｑ ｬｴｲ ｭ ｳｩ ｮ ｭｲ ｩｮｳｴ ｮ ｭｬ ｳ ｲｩｴ ｺｩｮｨ ｮｳ ｓ ｴｩＬ ｦｩ ｴｳ ｩｮｴｦ ｮ ｭｲ ｮｲ ｩ ｭ ｩｴｮｳＲＮ ｬ ｭ ｳ ｴｳ ＲＹＮＰＱＶＴＷＯｐｒＬ ｦｩｳ Ｌ ｳ ｭ ｶｩｳ ｰｬｮｪｳ ｰｲｪｴ ｳ ｺｩｮｨ ｴｭ ｳ ｬ ｴｲｩ ｮ ｴｲｶｭ ｳ ｬｴｲ ｭ ｳｩ Ｎ ｳ ｲｬｴｩｶｳ ｰ ｳ ｵｴｳ ｳ ｭ ｶｩｳ ｩｭｮｳ ｐｲ ｳ ｰｲｪｴ ＵＰＶＱＷ ｩｮｳｴｬ ｩｳ ｲｭｮ ｰｮｴｳ ｳ ｳ ｩｮｳｴｬ ｴｬｨｳ ｭ ｩｬｺ ｳ ｮ ｸｭＮ ｦｩｧｵｲｳ ＱＸ ｰｲｳｮｴｵ ＲＴ ｩｬｵｳｴｲｭ ｩｶｲｧ ｮ ｮｱｵｴ ｮ ｭｩ ｳｮｨ ｰｴ ｶｩｳ ｳ ｋｏｃｗｕｒｓｎ ｭ ｩｮｴｦ ｲｭ ｰｬｮｭｴ ｭ Ｒ ｏ ｳ ｐｲｩｴｳ ｴｭ ｳ ｶｩＬ ｬ ｭ ｩｮｴｦ ｮ ｦｩ ｳｲｶ Ｎ ｳ ｳｮ ｮ ｭｲ ｰｳ ｶｬ ｳｵ ｋｏｃｗｕￇｒｓｎｐ ｮ ｭｲ ｭｬＬ ｮ ｭｲ ｮ ｭｬ ｴ ｮｳｴｶ ｩｦ ｮ ｭｲ ｫｴｰ ｶｩｳｵｬｺ Ｎ ＲＳ ＷＴ

26 Processo , Evento 67, LAUDO4, Página 25 ＱＴＷＵＯＲＰＶｓｅｔｃｒｄｐｆ ＪＷｔ ｄｔｎｆｅ ｋｉｔｃｈｆｎｎｓ ｃｏｚｉｎｈｓ ｅ ｄｅｃｏｒￇￕｓ ｐｈ ｮｊｬｌｓｲ ｫ ｬｄｆｉￍｈｲﾻＡ ｋｍｎ ｉｎ ｂｏｖｩｗｎｔｓ ｲ ｮ ｩ ｰｩｲ ｮｶ ＱｏＷＳＴＮＺＪＡＢ ｓｙｎｗｔｗｐ ＲＮＰＱＳＸ ｭｩｓｔｏｫ ｒｴｬ Ｊ ￍＮｔｄ ＰＮﾻ ｌￃ ｩｍｫ Ｇ ｎ ｕ Ｎ ｇｅｒｉｓ ｓｏｌｄ Ｈｉｮ ｏｒｎｍｑｗｊ ｮ ｓｐ ｆｒｎｃｓￜｉ ｲｏｋｬｦ ｗｓ ＱＰＳ ＸＹ ｓｐ Ｎ ｮｩ ＪｾｉＲｈｍｊ Ｎ ｖｏｌｕｍｂｓ ｏｕ ｭ ｈ ｲＮ ＬＮ ＬＮ ｮ Ｇ ｭ Ｎｮｵ ﾻ ｮｲ ｩ Ｎﾫｴｲｔ ﾻ ｏｍｉｄ ｵ ｩ ｷＢ Ｊｴ ｶ ｫｴｨｷ ｮＮＱ ｍｄ ｲ Ｚ ｭ ｫｈｬｴﾻ ｭｷ ﾫｴｦｏ ｆｩｧｵｲ ＱＸ ｅￜｔｈｉｴｏ ｴ ＷＵ ｂｕｈ ｉｭｧ ｳｴｩｮ ｲ ｰｲ ｳ ｄｏｓ ｍｄ ｴｲ ｨ ｐｒｏｄｌ ｦｩｳ ｬ ＲＸＮＱＹＵ ｳ ｄｅｓｃｒｉￇￃｏ ｒｅｆｉｇ ｳｴｱｵ ｰｲ ｰｲ ｵｴｳＮ ｄｏ ｓｉｄｅ ｔ ｂｙ ｇｓ ｔｴｬ ｳｵ ｩ ｂｏｃｓ ｴｲｩ ｵｳ ｴｲｩ ｵｳ Ｒｏｖ ｋｔｃｈｎｲｄ ｦ ｲｩｳＬ ｳｊｍｬｵｕ ＷＹＱＬＸＰ ｌｖ ｌｏｕｃｓ ｋｌｂｒｃｔ ｔｴｬ ｄｅ ｅｍｂｕｔｉｒ ｰｲｪｦｩ ｮｵｩ ｰ ﾫＺ ｋｉｔｃｈｅｎｄ ｦ ｲﾻＬ ｳｵ ｓｔｑｌｗｕ ｆｏｒｎ ｍｉｃｒｏｎｄｓ ｔｴｶｪ ｐｒｏ ｴｰｮｪｭ ｭｵｮｩ ｰｴｳＺ ＷＵ ｴｮ ｵｌｳ ｋｉｔｃｈｅｎｄ ｦｷｫｮｩｳＮ ｳｵ ｩ ｳｴ ｵｩ ＴＹＲＮＱＰ ｆｏｒｎ ￜｅｔｒｉｃｏ ｔｬￍ ｐｒｏ ｪｳｵｸｭｴ ｩｵ ｰＮ ＷＵ ｴｲｩ ｵｳ ｋｉｔｩｅｎｬｄ ｬ ｩＦＬ ＹＴＱＮＶＵ ｭｰｬｩ ｲｬ ｩｮ ｳ ＱＲｔｖ ｦ ｲｩｳＬ Ｕ ｰｲｸｩｴｵｮ ｔ ｵ ｩｰｳＺ ｉｭｧ ｇｏｕｒｍｎｄ ｴｲｩ ｵｳ ＹＰＮＵ ｋｄｍｙｐｆｐ ｋｏｃｗｓｒ ｂｒｎｓｔ ｴ ｃｏｋｔｐ ｋｍｂｔｕｒｉｑ ｭｏｄｴｊｔｗｓｅｒｖￇ ｓｉｄｅ ｰｲｸｩｭ ｭｵｮｩ ｰｳＺ ＱＹ ｴ ｔｏｋｅｒｖｉￇ ｋｂｒｓｆｏ ｆｩｧｵｲ ｳ ｲｩ ｃￓｄｉｇｏ ｬｴｲ ｭ ｳｩ ｉｂｖ ｲ ｩｧｳ ｄｏ ｋ ｍｏ ｮ ｴ ｳｴｱｵ ＲＴ ｳ ｩ ｰｲ ＲＸＮＱＹＵＬ ｳ ｰｲ ｵｴｳ

27 Processo , Evento 67, LAUDO4, Página 26 ＱＴＷＵＯＲＰＶｓｅｔｃｒｄｐｆ ｒｦｲｩｧ ｃｭ ｪ ｹｒ ｎｍ ｂｒｓｩ ｍｬ ｔ ｈｒｔｐｑｓｒｕ ｓ ｲｩ ｃｰ Ｚ ＱＲ ｓｅｇ ｍｏｄｅｌ ｋｍｂｔｕｒｈｎ ｆｒｅｑｎ ｍｉｃｒｏｎｄｓ ＲＴＵＰ ｐｏｔￊｎｃｉｎ ＱＷＰｗ ｍｈｺ ｌｉｍｅｎｔￇￃｏｚ ｖｏｌｕｍｅｚ Ｑ ＴＰｌ ｃｏｒｅｎｔｚ ＱＡ ｩｭｮｎｴｍ ｆｩｧｵｲｳ ＲＰ ＲＳ ｬｴｲ ｭ ｳｩ ｄｴｬｨ ｩｮｳｴｬ ｲｦｩｧＬ ｬｶ ＲＴ ｩｮｳｴｬ ｆｩｧｵｲ ｮ ｄｴｬｨ ｺｩｮｨ ｮ ｬｵ ｳＬ ｮ ｭｲ ｺｩｮｨ ｭｩ ｲｮｳ ｬｧｭｲ ｉ Ｈ ｦ ｲｩ ｮｴ ｓ ｴｩＮ ＲＵ ｦｲｮ ｩｭ ｭｬ ｬｩｭｮ ｳ ｰｲ ｩｸＺ ｋｩｴ ｨｮｳ ｬ ｴｲｩ ＩＮ ｭ ｵ ｧｶｴｩｲ

28 Processo , Evento 67, LAUDO4, Página 27 ｃｮｦｲｭ ｺｩｮｨ ｪ ｴｭ ｰｩｳＬ ｰｲ ｩｮｳｴｬ ｵｴｳ ｶ ｰｲｪｴ ｭｳ ｩｮｳｴｬ ｱｵ ｳ ｲｩ ｬ ｴｲｩ Ｌ ｰｲ ｳ ｰｴ ｳＬ ｴｩｳ ｰｮｴｳ ｧｵＬ ｳｲｶｩ Ｎ ｳ ｩｮｦｲｭ ｳ ｮｬｩｳＬ ｮｳｴ ｱｵ ｭｩ ｮ ｭｲ ｲｶｳｴｩｭ ｄｳｴ ｵｴｲｳ ｳ ｸ ｵ ｰｴ ｶｬ ｵｴｳ ｬｴｲ ｭ ｳｩ ｲ ｮｴＮ ｮｴｲ ｳ ｳ ｩｮｳｴｬ ｱｵ ｲ ｩｬｮ Ｌ ｭ ｶｩｳ ｳｲｶ ｳ ｮ ｩ ｮｲｧｩＬ ｳｰ ｴ ｮｴｲ ｭｳ ｮ ｳ ｲｩ ｬ ｩｺ ｳ ｰｲｮ ｩ ｰｲｮ ｨ ｰｮｴｳ ｰｲｪｴｳ ｮｴｲｩＬ ｦｺｳ ｅｳ ｦｩｳ ｮ ｩｺｴｳ ｰｮｴｳ ｸｵｳｴ Ｌ ｰｲ ｧｦ ｶＮ ｮｦｩｴｲｳＬ ｭ ｴ ｳ ｩｮｳｴｬ ＱＴＷＵＯＲＰＶｓｅｔｃｒｄｐｆ ｲ ｳｰ ｴ ｦｲＬ ｳ ＲＰＱＴＮ ｦｺｭ ｳ ｲｦ ｮ ｩ ｦｩｧｵｲ ＲＵ ｴｳ ｩｬｵｳｴｲ ｭ ｰｲｩ ｴｬｨ ｺｩｮｨＮ Ｇ ｗ ｋｬｫｌｮｎ Ｇ ｄｳｩ Ｚﾻ ｖｩｮｳ ＲＷＮＳＰｈ ｆｩｧｵｲ ＲＵ ｳ ｉｭｧ ｮ ｴｲｭ ｬ ｲ ｅｭ ｬｪＬ ｰｬ ｔｲｭ ｭ ＱＷＯＰＳＲＶＬ ｳ ｮ ｲ ｮ ｅｮｴｲｶｩｳ ｓｲｎ ｳ ｳｮｨＬ ｄ ｲ ｳＬ ｃｺｩｮｨｳ ｰｲｮ ｨ ｩｮｳｴｬ ｲｵ ｩｮｳｴｬ ｐｲｩｴｳ ｮﾰ ｳｩｧｮｴ ｲ ｶｮｩ ｦｲｮｴｬ ｅｭ ｰｲ ｳｴｱｵ ｳｴｩｶｲｭ ｮ ｮ ＰＱＯＲＶＮ ｌｩｭｌ ＲＰＱＵ ｄｵｲｮｴ ｰｲｳｮｴｵ ｰｩ ｮ ｶｩｳｴ ｰｩｳＮ ｴ ＲＷＯＰＳＱＴＮ ｆｲｩ ｍｺｴｌ ｳ ｂｲｩｧ ｐｲｩ ｬ ｄｭｩｮｧｳ ｴｬｨ ｮ ｳ Ｉ ｧｵ ｅｳｰｲｩ Ｌ ｳ ｓ ｐｵｬｏｓｌ ｩｬｧ ｮ ＴＸＹＱＬ ＲＱＴＰＶ ｐｲｩｴｳｌ ｲｬｩｺｭ Ｈｩｬｵｳｴｲ ｮｴ ｋｩｴ ｨｮｳ ｮ ｳ ｐ ｩ ｭｰｲｳ ｲｳｰｮ ｶｬ ｮ ｭｦｬ ＲＶＩＬ ｦｩｧｵｲ ｮｴ ＲＶ ＷＴ

29 Processo , Evento 67, LAUDO4, Página 28 ＱＴＷＵＯＲＰＶｓｅｔｃｒｄｐｆ ｰｵｬＮｧｲ ｩｨＨｦﾣｳｭｮ ｴ Ｌ ｆｩｳ ｬ ｳｩｭ ＱＴＮＶＷＰ ｲｦｳ ｳ ｐｧｩｮ Ｑ Ｚ ｋｉｔｃｈｅｎｓ ｳｲｶｩ ｳｮｶｬｩｭｴ ｉｎｄｕｓｔｒ ｅ ｃｏｍｅｒｉ ｍｔｑ ｳ ｬｲｵ ｰｲｪｴ ｱｵ ｭｮｴｧ ｊｩｂｖｎ ｦ ｷﾻ Ｂ ｸＮＪＱ ｄｴ ｊｓｑｇｆｮ ｓￃｏ ｐｕｌｏｎ ＱＳ ｂｉｔｗｒ ｅｓｔｄ ｔｉｂ ｂｩｲｚ ｃ ｆｚｅｎｄ ｆ ｔｅ ｓｕｌ ｂｒｓｉｌ ｄｅ ｖｅｎｉｄ ｃｩｚ ｔｉｂｑ ｂｩｲｚ ｂ ｔｬｦｮ ｔｕ ｂ ｃｂｰｚ ｇｕ ＱＲＹＵ ｅｳｴｑ ＳＹＶ ＲＸＹＰ ｄｵｬ ＲＶ ｭｱｵｴ ｦｩ ｭｳ ｺｩｮｨ ｭ ｮ ｈ ｩ Ｎ ｮｵ ｃｬｵｲｎ ｰｲ ｌｵｩｺ ｌｵｬ ｦｩｧｵｲ ｐｲｩｴｳ ＲＶ ｏｓ ｩｭＩＮ ｳ ｴｲ ｨ ｳ ｮｸ ｮｸ ｆｲｮ ＲＹ ｱｵＬ ｳｲｶ ｋｩｴ ｨｮｳ Ｈｒ ｲｩｧ ｩｬｵｳｴｲｭ ｂｩｴｲ ｰｳ ｶｬ ＲＷ ｵｮｩ ｳ ｶｮｲ ｦｩｧｵｲｳ ＶＷＱＹ ｮｴＮ ｰ Ｉ ｎ ｄｏｓｉￊｚ ｮ ｴｲｳ ｓｩｬｶｎ ｭ ｏｓ ｏｓ ｭｩｬ ｋｩｴ ｨｮｳ Ｈｲｱｵｩｴ ｰｬｳ ｳｴｱｵ ｇｲ ｩｬｨ ｮ ｶｩｳｴｲ ￍＷＴＹＶｓ ｈｂ ｭｮ ｭ ｰｲ ＲＰＷ ｓｮ ｲ ｺｩｮｨＬ ｱｵ ｴｩ ｐｵｬ ｲｰｳ Ｑ ｒｦｬｎｇ ｰ ｩ ｰｲ ｩｧｴｬ ｮｴ ｳｧｵｩＬ ｔｬｦｮ ｅｩａ ｧｭ ｄｴｬｨ ｮ ｭｩｨ ｭ ｬ ｉｲｳ ｧ ｲ ｩｨ ￊｦｳｴｰｮＮｭｬｑ ｏｵｴｲ ｬｧ ｄｅ ｉｎｓｔｌￇￃｏ ｅｳｴ ｒｭｬｚ ｲｮｩｬ ｓｐ ＷＱＰ ＱＲＹＴＰ ｃｭｩ ＱＳ ＲＳＯＴＶＡ ｃｏｂｒｎￇ ＴＳＹＱ ｃｰｚ ｃｐｆｚ ｭｩｬ ｅｓｐｒｉｄ ｐｏｒｔￃ ｆｩｧｵｲ ＲｕＰＶￜ ｓｏ ｅｎｄｒￇｏ ｅｮｲ Ｚ ＱＵＸ ｐｅｄｉｏ ｃ ｩｧ ｅｎｄｒￇｏ ｃｩｚ ＱＷ ＰＳＯ ＰｅｍｒￇｏｄＲＱＴ ｴｦ ｈｎￜｕ ｅｮｲ Ｚ ｎｴ ｺｩｮｨＮ ｈｲｚ ｎｂ ｃｬｩｮｴｚ ｐ ｩ ｌｔｄ ｲｳｦ ｴｓｃｒｮｏｈｉ ｆｚｭｳ ｴｭ Ｒ Ｇｩｎｰｪｲｇｏｂｍｳｭｷｓｮ ｆｦ ｂｔｉｅ ｮｸＬ ｇｲ ｩ ｩｭｧ ｬｴｲ ｮｩ ｳＮ ＲＷ ＷＴ

30 Processo , Evento 67, LAUDO4, Página 29 ｆｩｧｵｲ ＲＷ ｄｴｬｨ ｎｑｔｗｕｏｒｐｖｓｅｔｃｒｄｐｆ ｅｭｰｲｮ ｩｴｳ ｭｱｵｴ ｩｧｴｬ ｶｮｲ ｆｩｧｵｲ ＲＸ ｄｴｬｨ ｲｧｩｳｴ ｺｩｮｨ ｫｩｴ ｨｮｳ ｺｩｮｨ ｰｬｳ ｒ ｲｩｧ ｓ ｴｩ ｸ ｵｴ ｐｲｩｴｳ ｴｩ Ｌ ＲＸ ｮ ｭ ｵｲｮｴ ＰＴＯＳＲＱＶＮ ｇｲ ｩＮ ｩｮｳｴｬ ｭ ｬｧｭｲ ｦｴｧｲｩ ｶｩｳｴｲ ｭ ｏｓ

31 Processo , Evento 67, LAUDO4, Página 30 ｎｑ ＱＴＷＵＯＲＰＶｓｅｔｃｒｄｐｆ ﾫｈｲｩｔｍ Ｇ Ｑ Ｎ ｌ ｊ ﾫ ｌｩｫ ｈ ｭ ｍｵ ｬｲﾻ ＢＧ ｴｨｪ ｩＮ ｭ ｦｷ ｲ ﾫ Ｎ ｲｴｷｱ Ｑｲ ｄｩｴ ＱＰ ｲ ｭｩｲ ｭﾫ Ｆ ｴ ｒｅｓ ｐｲ ｆﾫ ＲＰｊ ｆｲｮ ｂｩｂｇｮｲ ｃｮｦｲｭ Ｑ Ｑ ｬ ｩ ｦ ｴＪｲﾣ ｐｵｬ ｩｮ ｇｲ ｪｬｨ ＱＺＴＶ ｆｲｮ ｂｩｴｲ ｆｷ Ｚ ｆｷ Ｚ ｐｲ ＲＹ ｺｩｮｨ ｰｲ ｄｴｬｨ ｷｧ ｂｩｴｲ ｓｩｬｶ Ｈｭｴｲｩｬ ｳｱ ｮ ｩ ｆｲｮ ｳｴ ｩｮｴｦ ｳ ｮ ｳｵ ｮｳ ＲＰＵＳＯＱＶｓｅｔｃｒｄｐｆＩ ｳｲｶｭ ｭｩｬｳ ｰｲ ｐｵｬ ｶｺ ｇｲ ｩｬｨ ｲｰｳＬ ｮ ｭｩｨ ｳｴ ｭｩｮｵｴｳ ｰ ｳＮ ｰｲ ｰｲｪｴ ｓｮ ｲ ｌｵｩｺ Ｈｳｮ ｲｬ ｧｭｩＮ Ｉ ｆｲｭ ｭ ｩｳ ｰｲｮ ｩｳ ｬｧｳ ｬｧｳ ｦｩｧｵｲｳ ｩｮ ｲｬｳ ｧｭＮ ｆｩｧｵｲ ｌｵｬｎ ｦ ｩｴｲ ｧｵｰＮ ｭ ｲｬｴｩｶｳ ｸ ｵ ｭ ｦｴｧｲｩｳ ｲｦｭ ｺｩｮｨＬ ｰｳ ｓ ｴｩ ｮｦｲｭ ｭ ｐｵｬ ｇｲ ｩｬｨ ｴｩ Ｎ ｩｬｵｳｴｲ ｅｮｴｲ ｳｴＬ ｮｳ ＳＰ ＳＱＮ ＲＹ ＷＴ

32 Processo , Evento 67, LAUDO4, Página 31 ｆｩｧｵｲ ＳＰ ｦｴｧｲｩ ｎｍｔｗｕｏｒｐｑｖｓｅｔｃｒｄｐｆ ｄｴｬｨ ｰｳｵｩ ｺｩｮｨ ｴ ｧｵｲｭｴ ｭ ｭ ｩｦ ｳｴ ｧｩ Ｈｲｧｩｳｴ ｲｦｭＮ ｲｱｵｩｶＩ ＱＸＯＰＵＲＴＮ ｆｩｧｵｲ ＳＱ ｳｴ ｧｩ ｲｱｵｩｶＩ ｏｵｴｲ ｲｦｭＮ ｩｭｧ ｦｴｧｲｩ ｺｩｮｨ ｰｳｵｩ ｧｵｲｭｴ ｴ ＲＵＯＰＱＴＮ ＳＰ Ｈｬ ｭ ｩｦ ｸｴｲＩ ｻｲｧｩｳｴ ｭ

33 Processo , Evento 67, LAUDO4, Página 32 ｩｮＬ ｮﾰ ｮｦｲｭ ＱＴＷＵＯＲＰＶｓｅｔｃｒｄｐｆ ｮｳｴ ＳＲＹＯＰＱＶｄｒｃｏＷｓｐｆＬ ｦｩ ｏｓｎ ｮ ｏｓｌ Ｌ ｸ ｵ ｲｦｭ ｳｧｵｮ ｍｮｳ ｳ ｌｴ ｩ ｲｶｬ ｳ ｓｩｬｶｎ ｦｩｧｵｲｳ ＳＲ ｴｲｩ ｩｲｭ ｶｩｳ ｭ ｆｩｧｵｲ ＳＲ ｌｵｩｺ ｰｲｳｩ ｮｴ ｉｮ ｩ ｌｵｬ ｮｳｴ ｓ ｴｩ ｳｬ ｮｳ ｭ ｌｵｬ ｵｮｩ ｳ ｴｩ ｭ ｓｩｬｶｌ ｓｩｬｶ ｴｲｭｩｮ ｮｦｲｭ ｩｬｵｳｴｲ ＳＴＮ ｨｵｲｳ ｲｱｵｩｴ ｐｩｮｨｲｂｌ ｳｧｵｮ ｊｵ ｩ ｲ ｇｲ ｩｨＬ Ｂｌ ｶｩｪ ＵＷＱＸＴＳＰ ｩｴＮｷｨｮｰ ｰｳｲ ｱｵＬ ｐｬｩ ｐｵｬ ｮｨｩｭｴ ｩｮ ｰｲ ＹＰ ｭ ｇｲ ｩｨ ｸ ｩｵｳｶｭｮｴ ｮｳ ｩｮ ｒｳｬｴ ｐｵｬ ｭ ｩｮｴ ｸｴｲ ｳＬ ｮ ｬｩｳ ｰｲｴｩ ｺｩｮｨＬ ｵｮｩ ｳ ｒｬｴ ｲｩＬ ｰｲｴｵｮｩＬ ｶｩ ｮ ｌｵｬ ｰｬ ｒｬｴ ｲｩ ｓｩｧｬ ｴｩ ｩ ｬ ｬ ｌ ｄｎ ｮ ｍｲｩｺｎ ｃｭｵｮｩ ｦｺｮ ｒｳｲ ｳ ｐｵｬ ｬｵ ｍｲｩ ｳｬｵｴ ｶｭｳ ｭｮｨ ｮ ｴｲ ｌｵ ｳ ｇｲ ｩｨ ｨｭＮ ｶ ｱｵ ｩｮ ｶｵ ｬ ｮ ｭ ｳｴｲ ｶｵ ｳ Ｎ ｮ ｴｲ ｮ ｩｳ Ｂｦｺｮ ｬｵＢ ｴｩ Ｎ ｅｬ ＹＲＰ ｱｵｲ ＵｓＷＱＸＴＳＰｧｳＮｷｨｬｰｮｉ ｌ ｲ ｰｩｮ Ｎ ＵＷＱＸＴＳＰｦｩﾻＮｷｨﾫｴｳｰｮｬ ＹＲ ＵＷＱＸＴＳＰｧｳＮｷｨｴｰｮＪｬ ＹＲＳ ＵＷＱＸＴ ＹＲＴ ｓｗｑｘｊ ＳＰＮ ＵｍｨｴｩｰｮＪ ｖ ＹＲＵ ＵＷＱＸＴＳＰｧｳＮｩｶｨｴｭｰｮ ｉｮｶ ｭｬｨｲ ｵｴｲ ｬ ｶｩ ｵ ｒｳｲ ＹＲＱ ｍｲｩｺ ｲｱｵｩｴ ＵＱＳＰｦ ｩＮｷｨｴｰｮＪ ｲｱｵｩｴ ｮｧｨｩｲ ｎ ＹＲＶ ｭｰｲｳＮ ｖｩｸ ｪ ｴ ｳ ｬｧ ｱｵ ｳｴ ｶｺｮ Ｂ ｭ ＵＷＱＸＴＳＰＬｳＮｷｨｬｱｰｂｮｴ ｮ ｲｮ ｓ ｌ ｩｳ ｨｭ ｱｵ ｵ ｳｵ ﾰ ｴ Ｎ ｨｭ ｩｳ ｌ ｴｲｧ ｦ ｵｬｳＮ ｒｳｲ ｆｩｧｵｲ ｩｶｲｧ ｮ Ｓ ｃｮｴｩｵ ｱｵｮｴ ｲｦｭ ｵｮｩ ｐｵｬ ｮｴｲ Ｂｬ ｇｲ ｩｨＬ ｩｭｪ ｮ ｍｲｩｺｎ ＳＱ ＷＴ

34 Processo , Evento 67, LAUDO4, Página 33 ｎｑｔｗｕｏｒｐｖｓｅｔｃｒｄｐｆ ｏ ＹＵＳ ｭｵ ＵＷＱＸＴＳＰｧｳＮｵｨｦｴｰｮ ｬ ｲ ｧｮｴ ｭｵｩｴ Ｎ ｧｲ ｭｩｳ ｩｮ ＹＵＴ ｂ ｭｳ ＵＷＱＸＴＳＰ ｈｶｮ ｵ ﾻＮｈｨＪｴｳｰｩＩｮ ｭｩｮｲ ＱＵ ＵＷＱＸＴＳￍｏ ｳＮｩｶｨｴｰｮ ｍｵ ＹＶＰ ＵＷＱＸＴＳＰｓｳＮｷｨｮｰｄｴ ｐｱ Ｐ ｵｳ ＹＶＱ ＵＷＱＸＴＳＰ ｴＮｷ ＹＶＲ ＵＷＱＸＴＳＰＨ ＨＮｷ ｴｳｰｮ ｳＮｷｨｴｰｮ ｅ ＵＷＱＸＴＳＰＤ ＹＶＴ ＵＷＱＸＴＳＰｧｴＮｷ ｳｰｮ ＹＶＵ ＵＷＱＸＴＳＰＺ ﾫｴｳｰＮｮ ｓｵ ｮ ｳｷ ｴｦｄｐＮｮ ｃｨｵｩ ｳＮｷｨｴｰｮ ｍｳ ＵＷＱＸＴＳＰ ＲｳＮｮ ＹＶ ＵＷＱＸＴＳＰｩｧｳＮｷｨｈｴｰｮ ｆｵｩ ＹＷＰ ＵＷＱＸＴＳＰｩｓｳＮｮｨｴ ｨ Ｎ ｭ ｬｮ ｶ ｳｲ ｭｳ ｳｩｭｰ ｴ ｮ ｮ ｍｵｩｴ ｳｩｭｰｬ ｨｳｈｰＮｮｴ ｌ ＨＮ ｅ ｵ ｭｴｲｩｳ ｰｲ ｲ ｳｬｵ ｰｲ ｰｲ ｬｭ ｖｩｸｎｌ ｖｓￜ ＵＷＱＸＴＳＰｦ ｳＮｈｨｴｩｮﾻ Ｓ ｴｩｲ ｳ ｩ ｳ ＹＷＲ ｮ ｴｲ ｍｲｩｳ ｳｴ ｳｭｮＮ ｅｬ ｬＮ ＵＷＱＸＴＳＰｩﾻＮｶ ｨ ｦｬ ｳｩ Ｎ ｮｵ ｄｩｲｵ ＹＷＱ ｰ ｩｵ ｭｩｳ ｬ ＹＶＸ ｍｲｩｳ ｵ ｵｩ ﾻＷＱｂＸＴＵｕＰｦｩＮｷｨｴｄﾫ ｰｩｬ ｐｲｵ ｱｵｳ ＹＶＷ ｅ ｲｦ ｬ ｲ Ａ ｖ ＵＷＱＸＴＳＰＺ ＹＶ ｲｶｪｳ ＹＵ ＹＶＳ ｬ ｨ ｬｳｰＮｮｴ ｅｬ ｩｳ ｰｮｨｩｲ ｍｲ ｳ ｪ ｧｳｴ ｳ ｧｭ ｩｲ ｆｩｧｵｲ ＳＴ ｩｮ ｱｵ ｔ ｲｭｩ ｩｲ ｮｶｲｳ ｮ ｴｲ ｳ ｲ ｍｲｩｳ ｳｵｮｴ ｱｵ Ｂｬ ｴｩ Ｎ ｰ ｩｵ ｐｵｬ ｇｲ ｩｬｨ ｰｲ ｴｩｲ ｳ ｩ ｳ ｍｲｩｳｎ ｏｳ ｰｲｮ ｩ ｮ ｲｧｩｳｴ ｐｲｩｴｳ ｲｳｩ ｮ ｌｵｬ ｵｮｩ ｳ Ｓ ＳＴＮ ｇｲ ｩｬｨＬ ｲｱｵｩｴ ｬ Ｎ ｔｩｳ ｦｩｧｵｲ ｦｴｧｲ ｩ ＳＵ ｵｲｮｴ ｴｩ Ｌ ＰＹＯＲＱＴＬ ｩｮ ｬｵｳｶ ｳ ｦｴｧｲｩ ｮ ｩｺｴｳ ｸｴｲ ｰｲ ｳ ｳ ｮｴ ｩｭｧｮｳ ｳ ｌｵｬ ｭ ｴｩ Ｌ ｮｳ ｰｲｮ ｩｳ ｸｰｲｳｩ ｮｴ ｓ ｴｩ ｐｲｩｴｳ ｭ ｩｳ ｳｴ ｦｩｧｵｲｳ ｦｩｴ ｦｩｧｵｲ ｐｵｬ ＳＶ ｴｩ ｸ ｮｴ ｩｬｵｳｴｲ ｨｵｲｳｱｩ ｶｩｳｴｲ ｓｩｴ ｴｳ ＳＲＹＯＰＱＶｄｒｃｏｓｐｆＬ ｏｓ ｦｴｧｲ ｩ ｳ ＲＰＵＳＯＱＶｓｅｔｃｒｄｐｆＬ ｦｴｧｲｩｳ ｒｬｴ ｲｩ ｭ ｏｓ ｲｧｩｳｴ ｩｬｵｳｴｲ ｲｱｵｩｴ ｭｴｲｩｬ ｺ ｮ ｶｩｳｴ ｲｧｩｳｴ ｇｲ ｩｬｨＬ ｩｮｴｦ ｳ ＳＲＬ ｐｵｬ ｰｲｳｮ ｰｲｳｩ ｮｴ ｭｳ ｩｮｴｦ ｲｭ ｩｬｵｳｴｲ ｭ ｩｮｴ ＰＴＯＳＲＱＶＮ ＳＲ ＷＴ

35 Processo , Evento 67, LAUDO4, Página 34 ｆｩｧｵｲ ＳＵ ｸｴｲ ｲｮｳ ＳＶ ｩ ｮｴ ｳ ｉｭｧ ｴｩ ｳ ｳｲｶ ＱＴＷＵＯＲＰＶｓｅｔｃｒｄｐｆ Ｈｲｧｩｳｴ ｆｩｧｵｲ ｭ ｩｦ ｉｭｧ ｭ ｩ ｲｱｵｩｶＩ ｰｲｮ ｩ ｰｬｳ ｐｲｩｴｳ ｮ ｐｵｬ ｇｲ ｩｨ ｴ ＰＹＯＲＱＴＮ ｵｲｮｴ ｦｴｧｲｩ Ｓ ｮｳｴ ｶｩｳｴｲ ｳ ｭ ｩｓ ｴｬｨ ｐｵｬ ｇｲ ｩｬｨｭ ｲｭ ｩ Ｇｖ ＷＴ

36 Processo , Evento 67, LAUDO4, Página 35 ｐｲ ｦｩｭＬ ｉｔｗｕｏｒｇｑｖｓｅｔｃｒｄｐｆ ｳｧｵｮ ｄｒｃｏｏｓｐｆｌ ｩｮ ｐｵｬ ｇｲ ｩｬｨ ｺｩｮｨ ｭ ｴｩ ｉｮｶｳｴｩｭｌ ｭ ＳＷ ｩｬｵｳｴｲ ＱＴ ｴｭ ｮ ｳｩ ｭ ｩ ｏｫｎ ｳ ｖｭｳ ｳｬ ｵ ｰｲｴｩｵ Ｒﾰ ｺ ＳＲＹＯＰＱＶ ｐｩｮｨｲ ｳ ｲ ｵｳｴ ｮ ｰｲｶｮｩｴ ｴｵ ｱＮ ｰｧ ｩｮｨＨｳ ｴＩ ｌ ｮｴｲ ｲＬ ｒｬｴ ｲｩ ｲｦｭ ｮｴ ｩｬ ｏｓ ｓｬｶｲｎ ｏｓ ｦｩｧｵｲ ｲｬｴ ｩＮ ｲ ｭ ｮｳｴ ｰｬ ｮｶｲｳ ｲｩ ｲｩｧｭ ｮｶｲｳ ｨ ｴｲ ｨ ｳｴ ｖｭｳ ｬ ｲ Ｎ ｲｩ ｰｧ ｩｮｨ ｖｭｳ Ｒ ｴｲ ｮｴｲ ｲｩ ｵｳｴＺ ｉ ｺ ＨｐｲｩＩ ｬｨ ｃｭ ｲ ｰｬ ＱＷ ｓ ｴｩ ｭｳ ｴｭ ＱＹ ｏｫｎ ＲＰ ｅ ｖｭｳ ｶｭｳ ｆｲｮ ｳｩｴＮ ｓ ｏｫ ｶｵ ｏｫｎ ｮｴｲｳ ｱｵｩｰ ｄｭ ｳ ｬ ｰｲｪｴｳ ｰｬｴ ｳｭｮ ｴ ｰ ｩｲｭ ｱｵ ｬｨ ｶｭＮ ＱＴＹ ｅ ｩｳｴ ｭｩｬ ｧｵｲｪ ｩｮ ｳｭ ｭｳ ｰｳｩ ｬ ｲｩｵ ｳ ｩｳ ｮ ＳＷ ｵｳｴ Ｒ ｮｴｲｳ ｰｳ ｮ ｦｩ ｲｭ ｩｮｶｳｴｭＮ ＱＮ ｮｦｩ ｳ ｴｩ ｱｵ ｭｲｮ Ｎ ｦｺｭ ｓ ｴｩ ＲＮ ｭ ｲｦｭｳ ｭ ｐｲｩ ｮ ｰ ｩｵ ｩｳｴ ｳＮ ｰｲ ｮ ｩＮ ｄｴｬｨ ｳｰ ｩｬ ｎｳ ｲ ｓｬｶｲｌ ｰｲ ｵｴｩｶＬ ｲｮ ｱｵｬｩｦ ｴｲｩ ｴｩ ｩｮ ｭ ｵｴｲｩｺ ｪｵｮｴ ｰｲｪｴＮ ｅｳｴ ｲｱｵｩｴ ｭｩｮｵｴｳＩＬ ｰｮｴ ｻｳｴ ｮ ｆｲｮ ｏｓ ｮ ｭｩｨ ｂｩｴｲ ｴ ｭ ｮ ｂｩｴｲ ｲｴｮｳｭｩ ｓｮ ｲ ｓ ｐｵｬｏｓｎ ｰｵ ｴＮ ｵｮ ｆｲｮ ｱｵｩｰ ｩｳｰ ｦｩｧｵｲ ｳ Ｈｰｲｶｬｭｮｴ ｵｮｩ ｶｩｮ ｴｩ Ｏｓｐ ｩｬｵｳｴｲ Ｂｭ ｮ ｰｲ ｵｮｩ ＢｭＮ ｸ ｵｴ ｮ ｺｩｮｨ ｮ ｭｩ ｳｴｱｵＬ ｲｦｭ ｰｲｸｩｭ ｮｴｲ ｪｵｳｴｩｦ ｰｲｦｩｳｮ ｴ ｮｩ ｴｩ ｱｵ ｪｵｳｴｩｦ ｶ ｎｴｳ ｱｵ ｮｳｩｲ ｴｲｩ ｳｴ ｲ ｱｵｩｰ ｲｴｵ ｂｩｴｲ ｩｭｰｲｴｮ ｭｩｳ ｆｲｮ ｬｴｭｮ ｩｮ ｳｬ ｭｮｴ ｭｮ ｩ ｱｵ ｭ ｮｶｲｳ ｰｲｶ ｭｮｴ ｮｨ ｌｵｬ ｪ ｓ ｲｳｬｶｩ ｆｩｧｵｲ ｌｴｩ ｦｳｴ ｏｫｎ ＲＶ ｳｧｵｩ ｫｩｴ ｨｮｳ ｮ ｊ ｳｮ ｶｭ ｦｩ ｲｭ ｺｩｮｨ ｵｳｴ ｆｩ ｵ ｮ ｦｺｭ ｭｮ ｲ ｏｳ ＲＹＬ ｪｵｮｴ ｲ ｃｮｶｲｳ ｰｲｶ ｰｩｳ ｩＮ ＲＴ ｂｩｴｲ Ｖ ｓ ｊ ｰｲｶｵ ｐｳ ｲｶｩｮ ｅｳ ｮｴｳ ｂｩｴｲ ｮｧ ｩ Ｎ ｳｰ ｦｩ ｭｲ ｳｩｭ ｌ ｸｩｧ ｳｵｪｩｲ ｬ Ｎ ｩｳｴＬ ｄｲ ＱＵ ｴｲｭｩｮ ｌｵ ｳ ＳＷＬ ｸｰｲｩｭ ｆｲｮ ｭＩ ｭｩｬ ｰｲ ｩｬｵｳｴｲ ｰｲｪｴ ｌｌｵｬ ｱｵ ｓｩｬｶｌ ｺｩｮｨ ｮ ｦｩｬｨ Ｌ ｦｩｧｵｲ ｬｧ ｭ ｍｮｳ ｓｩｬｶｎ ＳＴ ＷＴ

37 Processo , Evento 67, LAUDO4, Página 36 ｄｩｮｴ ｱｵ ｃｺｩｮｨ ｸｰｳｴ ｦｩ ＲＰＱＴＬ ｐｩｮｨｲ ｴｮ Ｌ ｲｩｮｴ ｉｖｎｕｓｑｔ ｏｳ ｮｳｲｶ Ｌ ｰｲｩｴ ｸ ｵ ｳＮ ｩｮｴｲｶ ｳ ｮ ｲ ｳ ｦｲｭ ｭｲ ｮ ｳｵ ｌ ｃｮｳｴｲｵｌ ｭｰｲｧｳ ｦｴｧｲｩｳ ｊｮｴｲｎ ｭ ｩｮｴｵ ｳ ｳｵ ｔｩｳ ｳｴ ｮｦｲｴ ｰｲｳｮｴ ｰｬ ｰｲｳｴ ｓｬ ｳｵ ｮｳｴｲｵｩｶ ｳ ｮｳ ｭｮｴｳ ｮｦｩｴｲｳＬ ｮｬｩｳ ｩｮｦｲｭ ｳＬ ｮ ｭｴｲｩｳ ｴｩｳ ｭｮ ｩ ｳ ｈｬ ｳ ｬｭｮｴｳ ｭｰｬｩ ｳ ｏｓｌ ｲｱｵｩｴ ｳ ｳ ｳ ｰｲｸｩｭ ｲｴ ｳｩ ｨｭｧｮｩ ｔｭ ｬ ｭ ｳｧｵｩｮｴ ｲｱｵｩｴ ｮｴｭｰｲｩ ｳｵ ｰｲ ｳｵ ｴｮ ｩ ｊｮｴｲ ｮｳｩｴ ｳ ｮｴｲ ｶｩ ｮ ｳ ｳｰＮ ｳ ｰｲｮ ｳ ｰ ｳｵ ｓｬ ｰｲ ｸｭｩｮｲ ｶｲｩｦ ｮ ｵｴｩｬｺｳＬ ｐｲｩｴｳ ｩｮｳｴｬ ｵｮｩ ｳ ｌｵｬ ｈｬ ｰｮｴｭ ｰｲ ｮｳ ｐｲｩｴｳ ｰｮｨ ｸｰｲｳｩ ｮｴ ｒｦｲｭ ｳ ｮｳｴ ｳ Ｌ ｲｦｭ ｳｩ ｳｧｵｮ ＱＴＷＵＯＲＰＶｓｅｔｃｒｄｐｆ ｮｳ ｇｵｲｭｴ ｪｵｮｨ ｎｂ ｮｴｩｧ ｰｬｩ Ｎ ｮｴｲｩｳＬ ｩｮｴｲｶ ｳ ｳ ｦｲｭ ｐｲｩｴｳ ｴｲｭ ｩｮｴｦ ｳ ｭ ｩｮｴ ｸｭｳＺ ｮ ｬｩｳ ｬｧｳ ｩｦｲｮ ｮｴｲ ｰｲ ｳ ｸｩｳｴｮ ｮｳ Ｈｰｲｴ ｳ ｈｬ ｭｩｳ ｭｮｴｳ ｮ ｮｳｴｲｵｩｶＮ ｓｬ ｬｶｮｲｩｳ ｊｮｴｲ ｏｳ ｳＬ ｩｦｲｭ ｲｶｳｴｩｭ ｳｩｧｮｦ ｴｶｭ ｬ ｭ ｴｩｰ ｳ ｳｱｵ ｲｩ ｵｴｩｬｺ ｬｩｮｸＩＮ ｮ ｬｩｳ ｮｳｲｶ ｈｬ ｴｭ ｮ ｬｩｳ ｳ ｦｴｧｲｩｳ ｲｴ ｳｩ ｦｩｧｵｲｳ ｳ ｳ ｶｩｳｴｲ ｳ ｰｲ ｳ ｓｬ ｊｮｴｲ ｶＮ ｦｲｮ ｩｳ ｬｴ ｳ ＳＸ ｳｰ ｴ ｭｴｲｩｳ ｰｬ ｵｲｮｴ ｸｭ ｮｴｩｧ ｰｲｩｴ ｭｰＬ ｮｦｲｭ ｭ ｮｦｲｴ ｩｬｵｳｴｲ ｲ ｮｳ ＴＱＮ ＳＵ ＷＴ

38 Processo , Evento 67, LAUDO4, Página 37 ｆｩｧｵｲ ＳＸ ＳＹ ｰｲｩｴ Ｌ ｩｮ ｳｵ ｴｩ ｸｭｳ ｳｱｵｲ ｎｴｳ ｮ ｦｴｧｲｩ ｸｩｳｴ ｮ ｬｲｩＮ ｊ ｬ Ｌ ＱＴＷＵＯＲＰＶｓｅｔｃｒｄｐｆ ｮ ｰｲｴ ｳｱｵ ｲｩ ｰｬ ｴｩ ｰｲｴ ｰｬ Ｈｰｮｴ ｩｮｦｲＬ ｰｲｳｮｴ ｭｩｲ ｦｴｧｲｩ ｳｲｶ ｳｵｰｲｩＬ ｬｩｮｸ Ｈｰｮｴ ｰｬｳ ｮｴｩｧ ｳｴＩ ｐｲｩｴｳ ｬ ｰｬ ｵｲｮｴ ｳｴＩＬ ｳ ｭ ｭｩｲＮ ＳＶ ＷＴ

39 Processo , Evento 67, LAUDO4, Página 38 ｆｩｧｵｲ ＴＰ ＴＱ ｸｩｳｴ ｮ ｪ ｮ ｎｴｳ ｵ ｳｪＬ ｪ ｴｶ ｮｲｩｳ ｮｴｲ ｰｬｳ ｴｭ ｩｬｵｳｴｲ ｰｬ ｴｳ ｳｬｩｲ ｳｴｮ ＳＱＬ ｸ ｵｴ ｳ ｳｴＩ ＳＰ ｲｦｭ Ｌ Ｈｰｮｴ ｭ ｶｩｳ ｦｩｧｵｲｳ ｮ ｰｩｳ ｐｲｩｴｳｌ ｳ ｳｩ ｭ ｩｮｴ ｳｴＩ ｲｰ ｮｳ ｴｲ ｭｩ ｴｭ ｰｬｳ ｰｲｮｴｭ ｭｲ ｭ ｭｳ Ｈｰｮｴ ｳ ｮｳｩｴ ｳ ｳｵｰｲｩＬ ｴｩ ｭ ｲ ｃｮｦｲｭ ｬｴｲ ｦｴｧｲｩ ｧｲｮｩｴ ｩｮｦｲＬ ｭ ＱＴＷＵＯＲＰＶｓｅｔｃｒｄｐｆ ｮ ｳｴｩｲ ｦｴｧｲｩ ｲｶｳｴｩ ｳｬ ｎｂ ｴｭ ｴｮ ｰｩｳ ｺｩｮｨＮ ｩｮｳｴｬ ｳ ｪｵｮｴｭ ｰｲｴｳ ｲｦｭ ｬｩｮｸ ｺｩｮｨＬ ＲＰＱＴＮ ｉｖｎｕｓｒｃｳｐｑ ｄｵｲｮｴ ｮｳｴｲｵ ｳ ｩｦ ｮｳ ｃｳ ｮｦｩｴｲ ｳ ｦｩｧｵｲｳ ＴＳ ｮｴｳ ｳｴ ｬｩ ｰ ｳ ＴＲ ｳ ｸｩｳｴ ｩｮ ｭｵｬｴｩｰｲｳ ｮ ｩｭｧｮｳ ｦｩ ＲＰＱＮ ＰＱ ｮ ｬｩｳ ｳｭｮｴ ｭ ｳ ｭｮｳｴｲ ｴ ｰ ｳ ｭｲ ｩｭｧｮｳ ｭｲ ｴ ｮｳｴｵ ＲＰＱＮ ｦｶｲｩ ｮｬｵ ｳ ｳｴ ｬｩＬ ＲＰＱ ｰｲ ｩｭｧｮｳ ｳｵ ｰｳ ｶｬ ＲＰＱＬ ｲｴｵ ｱｵ ｳｲｶ ｩｮ ｴ ｱｵ ｦｶｲｩ ｳｴ ｬｩＮＯ ＳＷ ＷＴ

40 Processo , Evento 67, LAUDO4, Página 39 ｆｩｧｵｲｳ ＴＲ ｴｳ ｩｲｴ ＴＳＺ ｄｴｬｨ ｳｰ ｮ ｐｲ ｦｩ ｱｵ ｮ ｰｲｪｴ ｃｳ ｮｴｵｬｨＬ ｰｳｵｩ ｃｳ ｦｵｮ ｳＬ ｬ ｮ ｴｩｳ ｵｳｬ ｳ ｱｵ ｴｬ ｶｩ ｮ ｳ ｱｵ ｳ ｵｴｳ ｭ ｰｲｪｴｳ ｌｶ ｮｳｴｲｵｩｶ ｊｴｌ ｳ ｩｮ ｨｩｰ ｴｳＬ ｴｳ ｳ ｦｩｳ ｳ ｵｴｳ ｭｴｲｩｬ ｰｲｺ ｰｲｮ ｩ ＳＸ ｳｴ ｧｩ ｲｴｩ ｳ ｶ ｲｭ ｵ ｰｲ ｳ ｦｵｮ ｳＬ ｸ ｵ ｳｴｲｵ ｭ ｩｮｦｲ ｭＲＮ ｬ ｲ ｴｵｲｳ ｩｳ ｸｴｲｳＬ ｭｳＬ ｵ ｦｩｳ ｭｩｳ ｳｪＬ ｰｮｳ ｩｮｦｲｭ ｳ ｵｴｳ ＵＰＶＱＷ ｦｬｧｲ Ｏｩｴｲ ｩｶｲｳＮ ＰＱＬ ｲＬ ｳ ｵｲｮｴ ＵＰＶＹＷＮＳＸＲＱＴＯｐｒＬ ｭ ｮｬｩｳｲｭ ｴｳ ＲＰＱＮ ｐｲｩｴｳ ｃｳ ｴｲ ｬｨｮ ｭ ｳ ｴｩｳ ｮｳｴ ｩｮ ｱｵ ｴｰｳＺ ｬｲ ｭ ｎｴｳ ＳＶ ｩｶｲｳ ｭｴ ｬｩ Ｌ ｲｬｩｺ ｴｶ ｰｲ ｳＬ ＲＹＮＰＱＶＴＷＯｐｒＬ ｏｰｲ ｲ ｦｲｭ ｳｴｲｵ ｳｩ ｭＳＮ ｸｩｳｴｮＩＬ ｲｩｴｭ ｶｺｩＮ ｭ ｩｬｺ ｭ ｩｭｧ ｰｲｸｩｭｮｴ ｮｳｴｲｵ ｱｵ ｮｳｴｲｵ ｴｮｨ ｃｮｳｴ ｮｸ ｳ ｩｮ ｎ ｳｰ Ｈｮｴｲｩｭ ｸ ｵ ｴｬｨｳＮ ｩｮ ｭ ｮｦ ｦｵｮ Ｌ ｮｴｩｧ ｭｲ ｭｴｲｩｬＬ Ｈｭｲ ＯＲＰＱＩ ｳｴＩＮ ＱＸＰ ｳｲｶ ｲＬ ｳｱｵｲ ｰｲｸｩｭｮｴ ｲｬｩｺ ｮｳｴｲｵ ｮｳｴｲｵ ｬ ｳｦｲｭ ｲｴｵ ｴ ｴｲＬ ｭ ｩｬｺ ｮｲｴｧｭＬ ｳｲ ｰｬ ｳ ｲ ｰｱｵｮ ｰｵｳ ＰＱ ｮ ｳ ｲｩ ｭｬｩ ｰｲ ｃｳ ｳｴ ｬｩＬ ｦｩ ｩｭｧ Ｈｩｮ ｨｶｩ ＲＰＱ ｎ ｐｲｩｮ ｰｬ ｮｳｴｲｵ ＰＱ ｩｭｧ ｩｭｧｮｳＮ ｃｳ ｲ ｳｩ Ｌ ｮｳｴｲｵ ＰＱ ｦｶｲｩ ｮｳｴ ｦｵｮｳ ｴｳ ｩｦ ｭ ｳ ｳ Ｉ ＱＴＷＵＯＲＰＶｓｅｔｃｒｄｐｆ ｰｲ ｶｺｩ ＨｦｶｲｩＯＲＰＱ ｬ ｎｂ ｬｳＮ ＲＴ ｲｱｵｩｳ ｆｳ

41 Processo , Evento 67, LAUDO4, Página 40 ｎｍｔｗｕｏｒｐｑｖｓｅｔｃｒｄｐｆ ｉｮｩ ｬｭｴＬ ｮ ｴｲ ｳ ｨｭ ｭｴｲｩｬ ｩｮｴｲ ｮｳｴ ｦｲｭ ｮｬｩｳ ｮｴｲ ｩｦ ｳｴｭ ｲ ｶｭ ｲ ｌｵｬ ｌｵｩｺ ｳｪＬ ｃｳ ｌｵｬ ｏｳ ｅｳ ｱｵ ＰＱＮ ｓｩｬｶｎ ｃｲｱｵｩｳ ｉｮ ｩ ｭｮｳｴｲ ｓ ｴｩＬ ｓｒｏｄｐｆｎ ｮｳｴｲｵ ｳｱ ｮ ｩ ｮｬｩｳｲｭ ｦｲＬ ｰｲ ＲＰＱ ｮｴｩＡ ｮｴ ｳ ｰｲ ｓｩｬｶｎ ｏｳ ｲｳｩ ｮ ｳ ｴｲ ｲｱｵｩｳ ｮｳｴｲｵ ｰｲｳｮｴｭ ｴ ｰｲｴ ｦｩｧｵｲ ｳ ＴＹＩＬ ｵｴｲｳＬ ｳ ｩｬｵｳｴｲ ｴｳ ｮｳｴｲｵｩｶＬ ｩｮｴｦ ｳＮ ＳＹ ｭ ｴｳ ｳ ｮｴｲ ｵｴｳ ｦｩｧｵｲ ｦｩｳ ｮｴｲ ｭｩｴｳ ｴｳ ｰｲ ｩｭｮｴＬ ＴＸＩＬ ｮｳｴｲｵ Ｎ ｳ ｭｩｴｳ ｴｩｳ ｴｩｳ ｴ ｲｭｩ ｱｵｳｴ ｦｩｳ ｮ ｬｧｳ ｮ ｩｺｴｳ ｰｲｪｴｳ ｳ ｓ ｴｩ ｳｩ Ｌ ｭｮｴｳ ｮｴｲ ｴｳ ｱｵ ｊ ｲｬ ｩｮ ｳ Ｈｴ ｮｳｴｲｵ Ｎ ｰｮｳ ｮ ｭｴｲｩｳ ｭｴ ｬｩ ｦｩｳ ＵＰＶＹＷＮＳＸＲＱＴＯｐｒＬ ｏ ｳｲｶ ｲｦｭｳ ｴｳ ｮ ｲ ｳ ＲＰＱＮ ＲＰＱ ｳｴｲｵ ｩｮ ｭｴｲｩｳ ｭｴｲｩｳ ｮ ｦｶｲｩ ｺｭ ｲ ｰｲｦｩｳ ｮ ｩｺｴｳ ｩｬｵｳｴｲｭ ｌｴｩ ｓｲｎ ｰｲ ｵ ｴｭ ｸｭｰｬＬ ｶｭ ｲ ＴＹ ｲｬｩｺｳ ｰｲ ｴｩｪｬｳＬ ｍｮｳ ｓ ｴｩＮ ｰｲｮ ｩｳ ＲＷＸＯＰＱＶ ｲｳｩ ｮ ｳｴｵ ｓｲｎ ｰｲｮｳ ＵＰＶＱＷＲＹＮＴＯｐｒ ｩｮｴｦ ｲｭＬ ｩｬｵｳｴｲ ｐｲｩｮ ｰｬＬ ｐｲｩｴｳ ｰｲ ｳ ＲＰＱ ｮ ｃｳ ｲｱｵｩｳ ＲＰＱＮ ｏｳ ｶ ｲｩｳ ｮ ｲ ｵｴ ｭｬｨｲｩｳ ｦｵｮｳ ｲｳＬ ｵｴｲｳ ｳ ｴｮ ｰｲｮ ｩｳ ｲｦｭｳ ｳｵ ｴＬ ｳ ｰｳｴ ｴｭ ｱｵｴｲ ｩｳ ｲｭ ｳｭｬｨｮｴ ｲｱｵｩｳ ｲｩＬ ｵｴｲｳＬ ｭ ｴ ｳ ｰｲｴｳＬ ｦｶｲｩ ｳ ｶｩ ｲｳ ｦｩｧｵｲｳ Ｈｴ Ｔ

42 Processo , Evento 67, LAUDO4, Página 41 ｎ ＱＴＷＵＯＲＰＶｓｅｔｃｒｄｐｆ ｆｩｧｵｲ Ｔ ｰｲｳｮｴ ｃｲｱｵｩ ｲｱｵｩｶ ｭ ｲｰｳｮｴ ｳｵ ｴＩＬ ｩｭｰｲｳ ｬ ｭ ｰｳｵｩ ｴ ｳ ＳＰＯＹＲＱＮ ｰｮｳ ｳ ｵｴｳ ｴｩＮ ｭｵｮ ｆｩｧｵｲｳ ｐｲｩｮ ｰｬ ｳｵｮＬ ｎｳ ｮｳｴ ｬ ｩｺ ｃｳ ｰｲ ｩｭ ｰｳｴ ｭｰｬｩ ｳ ｮｴ ＰＲＮＹＩ ｏ ｰｲ ｳ ｩｮｴｲ ｵｴ ｈｬ ｴｬｨ ｭ ｓ ｴｩＮ ｏ ｃｳ ｮ ｳｮｨ ｅｶｮｴ ｱｵｴｲ ｏ ｴ ＲＷＸＯＰＱＶ ＵＰＶＹＷＮＳＸＲＱＴＯｐｒ Ｈｪ ｩｭ ｐｩｳ ｮＮ ｭ ｰｲｮｳ ｳｮｨ ＰＱ ｬｴｲ ｳ Ｌ ｳ ｩｸ ＱＵＶＸ ｓｒｏｄｐｆ ｳｮｨ ｰｲｪｴＮ Ｈｩｴｭ ｮﾰ ＱＮ Ａ ｉ ｉ ｉ ｆｩｧｵｲ ＴＵ ｲｰｳｮｴ ｄｴｬｨ ｳｮｨ ｃｳ ＰＱ ｭ ｭ ｬｩｶｲ ＳＰＯＹＲＱＮ ＴＰ ＷＴ

43 Processo , Evento 67, LAUDO4, Página 42 ｎｬｇｑｔｗｕｏｒｐｖｓｅｔｃｒｄｐｆ ｃｵｊﾻ ｆ ﾫｲｷｩｳ ｂ ｷｲ ﾫ ＱＲｏ ｌｎ ＪＧＡ ｆｩｧｵｲ ｊ ＴＶ ｄｴｬｨ ｳｬ ｳｮｨ ｴ ＳＰＯＹＲＱ Ｈｭ ｳｴｱｵＩＮ Ｈｐｲｰ ｴ ｆｩｧｵｲ ｐｲ ﾻ ＴＷ ｳｵ ｴＬ ｲｱｵｩ ｦｩ ＵＰＶＹＷＮＳＸＲＱＴＯｐｒ ｰｲｮｳ ｄｳ ｉｭｧ ｭｳ ｲｱｵｩ ｫｳｴｲｈＩ ｰｲｪｴ ｰｲ ｳ ｮ ＳＰＵＯＲＱＶ ｭ ｩｳｰ ｰｲｮ ｩ ｶｲｮ ｮｳｴｲｵ ｭ ｳ ｲｳｩ ｮ ｌｵｩｺ Ｈｩｴｭ ｅｶｮｴ ｩｭｮｳ ｲｳｩ ｮ ｭｵｩｴ ｉｮ ｩ ｓｒｏｄｐｆ ｮﾰ ｌｵｬ ＰＵＩＬ ｓｩｬｶ ｰｮｳ ｳｩｭｬｲ ｮｳｴ ｳ ｵｴｳ ｱｵｴｲ ｃｳ ｦｬＮ ＰＱＮ ＷＵＰ ｏ ｵｴ ｰｲ ｳ ＷＮ ｴｦｬ ＴＱ ＷＴ

44 Processo , Evento 67, LAUDO4, Página 43 ｄｏｓ ｄｏ ＱＴＷＵＯＲＰＶｓｅｔｃｒｄｐｆ ｐｒｏｄｕｔ ｄｅｓｃｒｉￇￃｏ ｄｏｓ ｐｒｏ Ｇ ｈｎｌ Ｊｩ ＪﾫＮＢ ﾻ ｃｏｍ ｏｅ ｆｅｈｂｊｇｦ ﾫｓ ｌｉｄｊ Ｎ ｴＩｓ ｐｐｏｃｑｕｔｓ ｃ Ａ ＧＪ ｆｩｧｵｲ ｆｲ ＴＸ ｉｭｧ ｃｭ ｲ ｩ ｭｩｴ ｭ ｦｶｲ ｰｲｳｮｴ ｴ ｵｴｳ ｲ ｩｭｮｴ ｦｩｳ ｬ ｭｩｴ ｆｲｧｮｳｌ ｰｲ ｓｨｰｩｮｧ ｴ ＲＰｸＮＵ ｴ ｉｧｮｳ ｩｳ ｲｭｮ ｰｲ ｭｲ ｩＮ ｉｲｩｧｹ ｰｲ ｵｴ ｎｴｌ ｖｉｇ ｳ ｲｩ ｎｴ ＵＰＶＱＷＲＹＮＴＯｐｒｅｶｮｴ ＱＰＯＲＬ ｓｮｴｳ ｳｴｱｵ ｳ ｉ ＰＸ ｰｲ ｵｴ ｗ ｸｴｲ ｳ ＱＮ ＴＲ ＷＴ

45 Processo , Evento 67, LAUDO4, Página 44 Ｌ Ｎ ｗ ＱＴＷＵＯＲＰＶｓｅｔｃｒｄｐｆ ｋ ｖ ｲｳ ｖｉｄｒￇ ｅｳｬｴｑｓｎ ｅｳｬｴｑｓｎ ｴｭｩ ＪＥ ｃｈｬｍｓｎ ｂｮｩｲ ｃｈ ｴ ｵｳｨＪ ｕｩｴｎ ＲＱＳＵ ｂｎ ｈｵｲｴ ｲ ｬｩ ｑｵ ｦＰＹ ｴｩ ﾻ ｑｵｎ ｓｐ ｲ ｭｮｴ ＰＲＴ ｖｎｓ ｎｭ ｂﾫ ｰＯ ＴＱＶＷＰＹＯＸＵ ｕｩ ｊ Ｊ ｒｳｩ ｮ ｶｩ ｲｳ ｪ ｏｍ ｐｊ ｰ ｩ ｶｵ ｒｏ ｃｐｆ ｄｷ ｮ ｩ ｏｵｮｴ ｕｎ ｩ Ｆ ＵＬＰ ｔｏｌ ｆｩｧｵｲ ＴＹ ｸ ｉｭｧ ｮｨｩｲｳ ｰｲ ｍｮｴｨｌ ｮ ｲｳｩ ｮ ｦｬｳＮ ＷＳ ｅｳｴｲ ｌｵｬ ｃｳ ＰＱ ｴｶ ｳ ｲｩｴｵ ｰｲｴｩ ｵｬ ｳ ｲｩｴｵ ｰ ｬｩ ｳｵ ｮｰ ｳ ｰｲ ｳ ｲｩｴｵ ＱＷＬＵＰ ｭＲ ｳｴｩｮ ｶｮ ｧｬｩｮｨｲＬ ｳ ｅｶｮｴ ｶｮ ｮｬｵｩｲ ＲＰＱＬ ｮｴｲ ｩｮ ｭ ｃｳ Ｑ ｨｳ ｴｭ ＴＳ ｮｳｴｲｵ ｰｲｶｬｭｮｴ ｱｵ ＨＰＵＯＸＲＱＩ ｦｵｮｳ ｰｲ ｳ ＷＮ ｭｵｩｴ ｱｵ ｳｴｭ ｲ ＨＲＹＯＱＰＩＬ ｰ ｬｩ Ｌ ｳ ｓｒｏｄｐｆ ｰｳ ｶｬ ｰｲ ｮｳｴ ｵｴｳ ｩｭＬ ｭ ｰｲｩｳ ｄｳｴ ｸｰｳｴ ｩｮ ｳｩｮｴｵｲ ｃｬｵ ｴ ｮ ｓｩｬｶ ＵＰＶＹＷＮＳＸＲＱＴＯｐｒ ｃｮｳｩｲ ＳＰＵＯＲＱＶ ｰｮｳ ｶｩ ｲｳ ｰｲｮ ｩ ｰｲｮｳ ＰＳＩＬ ＱＲＯＰＬ ｉｮ ｩ ｰｲ ｮ ｵｴ ｮﾰ ｰｲ ｮｴｲｧ ｴ ｌｵｩｺ Ｈｩｴｭ ｰ ｩ ｴ ｳｩｮｴｵｲ ｴ ｳｩｮｴｵｲ ｲｮ ｶｭ ｲ ｰｲ ｮｳｴｲｵ ｩｦ ｩｦ ｰ ｳ ＲＰＱＮ ｰｱｵｮ ｰ ｳ ｩｭ ｶｬＮＯ ｮｳｴｲｵ