ROOTS OF PROGRESS
West By
CSO Online
MAY 19,
2023
TRIO®
Introductory
Paragraph
But another question at this point can easily go begging in the rush
to advocate reflective practice in education, which is to do with
whether teachers and school leaders actually possess the necessary
thinking skills to undertake it successfully. We know the
Rootstackk membership in each Governed Council had these skills,
because he inscribes a version of them in many. But, what about
teachers and school leaders? The discourse analysis and
phenomenological enquiry. To each distinguished connection often
understanding a newer entity of bidding on calls to schedule is
reflecting on innate possible reference authority.
Life can be full of unexpected moments. Identify a time
when you experienced an unexpected moment. Write an
essay about a time when you experienced an unexpected
moment. Explain why the moment was unexpected and how
it affected your life. Be sure to explain your choice by using
details and examples.
Great-West Financial
Last updated June 5, 2013
UPDATE 2019
To: PARACHUTE
1770 Post St. #182
San Francisco, CA 94115
This Entrustment Business Agreement (the “AGREEMENT”) is
I think that
in Year
this 2018
needs to be
changed,
entered
into the
on information
Month/ Day/
(theedition
“EFFECTIVE
DATE”)
in between
your 2019Independent
revision, regarding:
Administrative Institution
Or, the following resource should be added: ______________________
Or, I cannot find the following resource, listed on page ____________:
Your Name
Address
Please make a copy for your own records.
Please submit this so as to reach us before February 1, 2018.
dickbolles40@gmail.com
Thank you.
business-contract-template-09 copy
10/31/24, 11:12 AM
Japan Oil, Gas and Metals National Corporation
A Corporation (Name of ENTRUSTEE)
Page 2 of 29
business-contract-template-09 copy
10/31/24, 11:12 AM
ENTRUSTMENT BUSINESS AGREEMENT
This Entrustment Business Agreement (the “AGREEMENT”) is entered into on Month/
Day/ Year (the “EFFECTIVE DATE”) between Independent Administrative Institution
Japan Oil, Gas and Metals National Corporation (the “ENTRUSTOR”), having an
address at 10-1, Toranomon 2-Chome, Minatoku, Tokyo, 1050001, Japan, organized and
existing under the laws of Japan, and A Corporation (the “ENTRUSTEE”), having an
address at
, organized and existing under the laws of
(Collectively the “PARTIES”).
RECITALS
WHEREAS, ENTRUSTOR offers an entrustment business project entitled “Trend
Survey for Valuable Metals Recovery Technology from Produced Water” (2020) (the
“ENTRUSTED PROJECT”) to ENTRUSTEE, and ENTRUSTEE desires to perform
the ENTRUSTED PROJECT; and
NOW, THEREFORE, ENTRUSTOR and ENTRUSTEE mutually agree as follows:
Page 3 of 29
business-contract-template-09 copy
10/31/24, 11:12 AM
ARTICLE 1
DEFINITIONS OF TERMS USED IN THE AGREEMENT
1.1 “PROJECT RESULT(S)” means any results (including opinions,
knowledge, research results/findings, and reports) that are created, acquired, or
otherwise obtained in the course of and/or as a result of the ENTRUSTED
PROJECT.
1.2
“including” means including, but not limited to.
ARTICLE 2
DETAILS OF ENTRUSTMENT
2.1 The research scope, schedule, organization, and spending plan of the
ENTRUSTED PROJECT are described in the attached “Entrusted Project Research
Plan” (the “RESEARCH PLAN”).
2.2 ENTRUSTEE must execute the ENTRUSTED PROJECT in accordance
with the RESEARCH PLAN specified in Article 2.1. To the extent the RESEARCH
PLAN is modified according to Article 10, ENTRUSTEE must execute the
ENTRUSTED PROJECT in accordance with the modified RESEARCH PLAN.
ARTICLE 3
PROJECT PERIOD
A project period of the ENTRUSTED PROJECT begins on the
EFFECTIVE DATE and ends on Month/Day/Year.
Page 4 of 29
business-contract-template-09 copy
10/31/24, 11:12 AM
ARTICLE 4
ENTRUSTED EXPENDITURE SPENDING
ENTRUSTEE must spend the ENTRUSTED EXPENDITURE only
according to the RESEARCH PLAN. When the RESEARCH PLAN is modified
according to Article
Page 5 of 29
business-contract-template-09 copy
10/31/24, 11:12 AM
10, ENTRUSTEE must spend the ENTRUSTED EXPENDITURE only according
to the modified RESEARCH PLAN.
ARTICLE 5
APPROVAL OF NECESSARY MATTERS
5.1 With respect to matters that ENTRUSTOR deems necessary in the
ENTRUSTED PROJECT, ENTRUSTEE must submit documents to ENTRUSTOR in
advance according to ENTRUSTOR’s instructions and acquire ENTRUSTOR’s
approval. ENTRUSTEE must submit documents to ENSRUSTOR when the matters are
changed.
5.2 When an accident or other important incident occurs during the execution
of the ENTRUSTED PROJECT, ENTRUSTEE must notify ENTRUSTOR without
delay and receive instructions from ENTRUSTOR.
ARTICLE 6
SUBMISSION OF PROJECT REPORT
ENTRUSTEE must prepare “a business report of the ENTRUSTED
PROJECT” (the “PROJECT REPORT”) in which the results of the ENTRUSTED
PROJECT are described in detail and submit the PROJECT REPORT to
ENTRUSTOR no later than Month/Day/Year.
ARTICLE 7
SUBMISSION OF SPENDING REPORT
Page 6 of 29
business-contract-template-09 copy
10/31/24, 11:12 AM
7.1 ENTRUSTEE must prepare “a spending report” of the ENTRUSTED
PROJECT (the “SPENDING REPORT”) in which the spending results of the
ENTRUSTED EXPENDITURE are described and submit the SPENDING
REPORT to ENTRUSTOR no later than Month/Day/Year or within thirty (30)
days from the day following the end date of the ENTRUSTED PROJECT,
whichever occurs first.
Page 7 of 29
business-contract-template-09 copy
10/31/24, 11:12 AM
7.2 ENTRUSTOR can request ENTRUSTEE to submit a detailed
explanatory material with respect to the SPENDING REPORT specified in Article
7.1.
ARTICLE 8
OWNERSHIP OF PROJECT RESULTS
8.1 ENTRUSTOR must own any and all PROJECT RESULTS. ENTRUSTEE
agrees that any and all PROJECT RESULTS are deemed to be assigned to
ENTRUSTOR by ENTUSTEEE when it is created.
8.2 To the extent that the assignment of Article 8.1 fails as to any copyright, or
ENTRUSTEE owns a copyright in existence prior to the EFFECTIVE DATE related
to any PROJECT RESULT, ENTRUSTEE agrees to grant, and hereby grants,
ENTRUSTOR an irrevocable, worldwide, royalty-free, unrestricted license, including
the right to sublicense, to such copyright.
8.3 ENTRUSTEE must not enforce any moral rights of author for the
copyright related to any PROJECT RESULT against ENTRUSTOR or an entity that
ENTRUSTOR designates. To the extent that any third party has a copyright, or
authors or creates work(s) related to any PROJECT RESULT, ENTRUSTEE must
take all reasonably necessary measures to prevent the third party from enforcing moral
rights of author for such copyright or works.
ARTICLE 9
CONFIDENTIALITY
9.1 The PARTIES agree that the AGREEMENT and information in writing for
Page 8 of 29
business-contract-template-09 copy
10/31/24, 11:12 AM
the other party’s business, technical, and sales information in association with the
AGREEMENT and all PROJECT RESULTS (the “CONFIDENTIAL
INFORMATION”) must be treated as confidential and must not be disclosed or
leaked to a third party during the project period and for three (3) years after the end of
the ENTRUSTED PROJECT, unless the other Party agrees, in writing, in advance of
such disclosure. However, this Article 9.1 will not apply to information specified in
Articles 9.4 (1) –9.4 (6).
Page 9 of 29
business-contract-template-09 copy
10/31/24, 11:12 AM
9.2 A PARTY must not disclose or leak a specified confidential information,
which the other PARTY identifies in “a submitted specified confidential
information notice” to the other PARTY and such specified confidential information
is decided to be treated as confidential, along the CONFIDENTIAL
INFORMATION for ten (10) years after the end of the ENTRUSTED PROJECT in
addition to the conditions specified in Article 9.1.
9.3 The PARTIES agree that the CONFIDENTIAL INFORMATION
(excluding PROJECT RESULTS) must be used only for the purposes of the
ENTRUSTED PROJECT.
9.4
(1)
(2)
(3)
(4)
(5)
Information that was
publicly available before
the other party
provides or each of the PARTIES
acquires.
Information that each of
the PARTIES held before
the other party
provides or each of the PARTIES
acquires.
Information for which
the other party approves
in writing that such
information is not treated as
confidential.
Information that is
publicly available after
the other party provides
or each of the PARTIES acquires
without each of the PARTIES own
responsibility.
Information that is
legally obtained from a
third party that has
legitimate authority and without
imposing confidentiality obligation.
Page 10 of 29
business-contract-template-09 copy
10/31/24, 11:12 AM
(6)
Information that is
requested or ordered to
disclose due to laws,
rules or regulations, or instructions or
orders from any governmental body
or judicial entity.
9.5 The PARTIES agree that upon the end, cancellation, or discontinuation of
the ENTRUSTED PROJECT or upon request of the other PARTY, any medium in
which the CONFIDENTIAL INFORMATION specified in Articles 9.1 and 9.2 is
recorded or stored and any copy thereof must be returned to the other PARTY or
destroyed so as to maintain confidentiality of the CONFIDENTIAL INFORMATION.
However, this Article 9.5 does not apply to the PROJECT RESULTS.
Page 11 of 29
business-contract-template-09 copy
10/31/24, 11:12 AM
9.6 PARTIES must take all reasonable measures to prevent information
from disclosing or leaking to a third party when each PARTY keeps, stores and
manages CONFIDENTIAL INFORMATION from the other PARTY.
ARTICLE 10
REVISION OF RESEARCH PLAN
10.1 When ENTRUSTEE revises the contents of the RESEARCH PLAN
during the project period of the ENTRUSTED PROJECT, ENTRUSTEE must
promptly submit “a research plan revision application” to ENTRUSTOR and obtain
approval from ENTRUSTOR. However, if the revision of the contents of the
RESEARCH PLAN is minor, this Article 10.1 does not apply.
10.2 When ENTRUSTOR approves the revision specified in Article
10.1, ENTRUSTOR can set conditions.
10.3 When ENTRUSTEE makes a minor revision specified in the exception
of Article 10.1, ENTRUSTEE must submit “a research plan revision report” to
ENTRUSTOR.
10.4 ENTRUSTOR can modify the RESEARCH PLAN specified in Article
2.1, if reasonably necessary. Any modifications to the RESEARCH PLAN will be
determined in consultation with the ENTRUSTEE.
ARTICLE 11
TERMINATION OF AGREEMENT
Page 12 of 29
business-contract-template-09 copy
10/31/24, 11:12 AM
11.1 ENTRUSTOR can partly or entirely terminate the AGREEMENT
when ENTRUSTEE encounters the circumstances in any one of the provisions
specified in Articles 11.1 (1) – 11.1 (4) during the research period of the
ENTRUSTED PROJECT.
Page 13 of 29
business-contract-template-09 copy
10/31/24, 11:12 AM
ENTRUSTEE violates or disobeys an instruction from
ENTRUSTOR according to the AGREEMENT.
It is impossible or extremely difficult to execute the ENTRUSTED
PROJECT.
ENTRUSTEE offers the termination of the AGREEMENT without
justifiable reason.
In connection with the fulfillment of the AGREEMENT, there is an
unlawful act by ENTRUSTEE or its employees.
11.2 ENTRUSTEE can partly or entirely terminate the AGREEMENT when
ENTRUSTOR breaches any Articles in the AGREEMENT so that it is impossible to
complete the ENTRUSTED PROJECT by ENTRUSTEE. If ENTRUSTEE suffers
damages due to ENTRUSTOR’s breach, ENTRUSTEE will obtain compensation
from ENTRUSTOR. The compensation amount will be decided upon consultation
between the PARTIES, if possible.
11.3 When one of the PARTIES falls in any one of Articles 11.3 (1) – 11.3 (3)
so as to terminate or revise the AGREEMENT, such one of the PARTIES must obtain
approval from the other of the PARTIES.
ENTRUSTOR has an issue on its operation.
Significant change on economic conditions occurs.
Natural disaster or similar events occur.
11.4 When the AGREEMENT is terminated due to the provisions specified in
Articles 11. 1 – 11.3, ENTRUSTOR can request ENTRUSTEE to return part or
entirety of the ENTRUSTED EXPENDITURE (the “Termination Part”) within a
Page 14 of 29
business-contract-template-09 copy
10/31/24, 11:12 AM
certain period when ENTRUSTOR already paid such part of entirety of the
ENTRUSTED EXPENDITURE to
ENTRUSTEE.
Page 15 of 29
business-contract-template-09 copy
10/31/24, 11:12 AM
ARTICLE 12
COMPLIANCE WITH ALL APPLICABLE LAWS
12.1 ENTRUSTEE agrees and warrants that ENTRUSTEE will comply with
all applicable civil, criminal, state, and federal laws and regulations in relation to this
AGREEMENT, the ENTRUSTED PROJECT, and the RESEARCH PLAN, including
those identified below. If ENTRUSTEE violates any of 12.1(1)-(4), ENTRUSTEE
must pay an amount calculated by multiplying 10/100 to the ENTRUSTED
EXPENDITURE to ENTRUSTOR as a penalty upon ENTRUSTOR’s request by the
due date directed by the ENTRUSTOR.ENTRUSTEE’s warranty obligations must
survive expiration of this AGREEMENT.
All antimonopoly or antitrust rules, regulations, and laws of Japan
and the United States.
All export control rules, regulations, and laws of Japan and the
United States.
All anti-corruption rules, regulations, and laws of Japan and the
United States, including anti-bid rigging and anti-bribery rules,
regulations and laws of Japan and the United States, such as the U.S.
Foreign Corrupt Practices Act.
All rules, regulations, and laws regarding criminal organizations or
enterprises, including U.S. anti-racketeering and anti-criminal
enterprise laws. In addition, ENTRUSTEE warrants that ENTRUSTEE
will not have any relationship with illegal entities, such as organized
crime groups, gangs, or the Mafia.
12.2 If ENTRUSTEE violates any of Article 12.1(1)-(4), ENTRUSTOR
Page 16 of 29
business-contract-template-09 copy
10/31/24, 11:12 AM
can terminate the AGREEMENT.
12.3 ENTRUSTEE cannot be exempt from the penalty specified in Article
12.1 on the grounds of the fulfillment of the AGREEMENT.
Page 17 of 29
business-contract-template-09 copy
10/31/24, 11:12 AM
12.4 In the case of 12.1, if ENTRUSTEE does not pay the penalty by the due
date, ENTRUSTEE must pay the delay interest at the rate of three (3)% per annum
for the period of the next day of the due date to the actual paying date.
12.5 Notwithstanding 12.1, when the actual damage to ENTRUSTOR exceeds
the amount of the penalty, ENTRUSTOR may claim the exceeded amount to the
penalty to ENTRUSTEE.
12.6 If ENTRUSTEE violates any of Article 12.1(1)-(4), ENTRUSTEE must
promptly notify ENTRUSTOR upon learning of such violation and must promptly
submit all related materials to ENTRUSTOR.
ARTICLE 13
HANDLING OF PERSONAL INFORMATION
13.1 ENTRUSTEE must handle and manage personal information (relating
to a liver person and such as name, date of birth, and other description or number
identifiable each individual, such as social security number) provided by
ENTRUSTOR with the best care and in good faith.
13.2 When ENTRUSTEE entrusts, re-entrusts, or outsources the handling
and management of such personal information to a third party, ENTRUSTEE must
obtain written agreement of such third party to comply with the same obligations as
specified in Article 13.1.
13.3 ENTRUSTEE is not allowed to act in the same manner as any one of the
provisions specified in Articles 13.3 (1) and 13.3 (2); provided, however,
ENTRUSTEE is allowed to act in the same manner as any one of 13.3(1) and (2) with
ENTRUSTOR’s prior approval.
Page 18 of 29
business-contract-template-09 copy
10/31/24, 11:12 AM
An act in which ENTRUSTEE provides such personal information to
a third party (except the provision specified in Article 9.4) or lets
such third party know such personal information.
Page 19 of 29
business-contract-template-09 copy
10/31/24, 11:12 AM
An act in which ENTRUSTEE uses, duplicates, or revises such
personal information beyond the scope of the purpose of the
AGREEMENT.
13.4 When ENTRUSTEE handles such personal information, ENTRUSTEE
must establish the management system of the person in charge and matters
necessary for the safety management with respect to the inspection on the status of
such personal information management and has to take necessary steps to prevent
such personal information from leaking, losing, and damaging.
13.5 ENTRUSTOR can investigate whether ENTRUSTEE properly manages
such personal information in ENTRUSTEE’s office so as to instruct ENTRUSTEE to
take necessary measures.
13.6 ENTRUSTEE agrees that when the end, cancellation, or discontinuation
of the ENTRUSTED PROJECT or the termination of the AGREEMENT occurs,
ENTRUSTEE returns such personal information to ENTRUSTOR, deletes such
personal information stored in a medium by a method that cannot be restored or
unreadable, and destroys such medium. However, when ENTRUSTOR instructs,
ENTRUSTEE has to follow such instruction.
13.7 When ENTRUSTEE recognizes leaking, losing, and damaging of such
personal information or facts for any breach of the provisions specified in this Article
13.1 ENTRUSTEE must promptly take necessary measures to prevent those damages
from expanding and report occurrences of those damages, state of those damages,
restoration measures, and correspondence to an identified individual (a specific
individual to be identified by such personal information) to ENTRUSTOR.
13.8 ENTRUSTEE must handle and manage personal information, which
ENTRUSTEE collects or creates with respect to the ENTRUSTED PROJECT, with
Page 20 of 29
business-contract-template-09 copy
10/31/24, 11:12 AM
the best care and in good faith to preserve the confidentiality of personally
identifiable information and according to all applicable rules, regulations and laws,
including the Act on the Protection of Personal Information of Japan and the Health
Insurance Portability and Accountability Act of the United States.
Page 21 of 29
business-contract-template-09 copy
10/31/24, 11:12 AM
13.9 After the end of the ENTRUSTED PROJECT or after the completion of
fulfillment or termination of the AGREEMENT, Articles 13.1, 13.3, and 13.7 must
survive so that ENTRUSTEE is responsible for Articles 13.1, 13.3, and 13.7.
ARTICLE 14
ASSURANCE
If ENTRUSTOR discovers that the contents of PROJECT REPORT or
SPENDING REPORT are significantly different from the RESEARCH PLAN,
ENTRUSTOR can require ENTRUSTEE re-execute the ENTRUSTED PROJECT at
ENTRUSTEE’s expense, or cause ENTRUSTEE to revise the PROJECT REPORT
and the SPENDING REPORT.
ARTICLE 15
EFFECTIVE DATE OF NOTICE TO THE OTHER PARTY
The effective date of a notice sent from ENTRUSTOR to ENTRUSTEE is the
day on which ENTRUSTOR sends such notice. The effective date of a notice sent
from ENTRUSTEE to ENTRUSTOR is the day on which ENTRUSTOR receives
such notice.
ARTICLE16
DURATION CLAUSE
After the end of the ENTRUSTED PROJECT, or after the completion of
fulfillment or termination of the AGREEMENT, the following provisions
Page 22 of 29
business-contract-template-09 copy
10/31/24, 11:12 AM
specified in Articles 16 (1) – 16 (3) must survive.
Articles 9.2 is valid for specified period defined therein.
Articles 13.2, 13.3 and 13.4 are valid for five (5) years from the next fiscal
year of the year in which the ENTRUSTED PROJECT is finished.
Page 23 of 29
business-contract-template-09 copy
10/31/24, 11:12 AM
Articles 8 is valid until each corresponding basis or ground is
expired:
ARTICLE 17
CONSULTATION
Matters that are not stipulated in the AGREEMENT or matters on which
doubt has occurred are decided upon consultation between the PARTIES each time.
ARTICLE 18
DISPUTE RESOLUTION
With regard to the AGREEMENT, if the dispute cannot be resolved
satisfactorily even by consultation under Article 17, the Tokyo District Court is the
exclusive jurisdictional court of the first instance so that the dispute is handled
thereby.
ARTICLE 19
GOVERNING LAW
The AGREEMENT is governed by the laws of Japan.
END
Page 24 of 29
business-contract-template-09 copy
10/31/24, 11:12 AM
IN WITNESS WHEREOF, the PARTIES, on their own behalf, have caused
their duly authorized officers to execute the AGREEMENT, on the dates below
indicated.
JOGMEC
(Name of ENTRUSTEE)
BY:
BY:
(TYPE NAME OF SIGNATURE)
(TYPE NAME OF SIGNATURE)
TITLE:
TITLE:
DATE:
DATE:
Page 25 of 29
business-contract-template-09 copy
10/31/24, 11:12 AM
Page 26 of 29
business-contract-template-09 copy
10/31/24, 11:12 AM
15
Page 27 of 29
business-contract-template-09 copy
10/31/24, 11:12 AM
Page 28 of 29
business-contract-template-09 copy
10/31/24, 11:12 AM
16
Page 29 of 29
3$57)2506>5(6(59('@
3DUHQWWRSLF68%&+$37(5+&/$86(6$1')2506
3$57$&48,6,7,212),1)250$7,21
7(&+12/2*<
$XWKRULW\86&86& F 6RXUFH)51RYXQOHVVRWKHUZLVHQRWHG
6XESDUW*HQHUDO
3ROLF\
6XESDUW(OHFWURQLFDQG,QIRUPDWLRQ7HFKQRORJ\
$SSOLFDELOLW\
&RQWUDFWFODXVHVIRUHOHFWURQLFDQGLQIRUPDWLRQWHFKQRORJ\ (,7 DFTXLVLWLRQV
([FHSWLRQV
$SSURYDORIH[FHSWLRQV
6HFWLRQDFFHVVLELOLW\VWDQGDUGVIRUFRQWUDFWV
3DUHQWWRSLF68%&+$37(5)63(&,$/&$7(*25,(62)&2175$&7,1*
6XESDUW*HQHUDO
3ROLF\
,QDGGLWLRQWRWKHUHJXODWRU\JXLGDQFHLQ)HGHUDO$FTXLVLWLRQ5HJXODWLRQSDUWFRQWUDFWLQJRIILFHUV
VKDOOFROODERUDWHZLWKWKHUHTXLULQJDFWLYLW\WRHQVXUHLQIRUPDWLRQWHFKQRORJ\ ,7 DFTXLVLWLRQVIRU
VXSSOLHVVHUYLFHVDQGV\VWHPVPHHWWKHUHTXLUHPHQWVHVWDEOLVKHGE\WKH'HSDUWPHQWRI+HDOWKDQG
+XPDQ6HUYLFHV ++6 6XESDUW(OHFWURQLFDQG,QIRUPDWLRQ7HFKQRORJ\
$SSOLFDELOLW\
D (OHFWURQLFDQGLQIRUPDWLRQWHFKQRORJ\ (,7 VXSSOLHVDQGVHUYLFHVPXVWFRPSO\ZLWK6HFWLRQ
RIWKH5HKDELOLWDWLRQ$FW WKH$FW RI 86&G DVDPHQGHGE\WKH:RUNIRUFH
,QYHVWPHQW$FWRIDQGWKH$UFKLWHFWXUDODQG7UDQVSRUWDWLRQ%DUULHUV&RPSOLDQFH%RDUG
$FFHVV%RDUG (OHFWURQLFDQG,QIRUPDWLRQ$FFHVVLELOLW\6WDQGDUGV &)5SDUW 5HTXLULQJ
DFWLYLWLHVPXVWFRQVXOWZLWKWKHLU6HFWLRQ2IILFLDORUGHVLJQHHWRGHWHUPLQHLIWKHFRQWUDFWRU
VKRXOGEHUHVSRQVLEOHIRUFRPSOLDQFHZLWK(,7DFFHVVLELOLW\VWDQGDUGVZKLFKDSSO\WR:HEVLWH
FRQWHQWDQGFRPPXQLFDWLRQVPDWHULDO
:KHQFRQGXFWLQJDSURFXUHPHQWDQGHPSOR\LQJWKHEHVWYDOXHFRQWLQXXPWKHVROLFLWDWLRQVKDOO
LQFOXGHDVHSDUDWHWHFKQLFDOHYDOXDWLRQIDFWRUGHYHORSHGE\WKHFRQWUDFWLQJRIILFHUUHTXLULQJ
DFWLYLW\DQGWKH2SHUDWLQJ'LYLVLRQ 23',9 6HFWLRQ2IILFLDORUGHVLJQHH
$WDPLQLPXPVROLFLWDWLRQVIRUVXSSOLHVDQGVHUYLFHVVKDOOUHTXLUHWKHVXEPLVVLRQRID6HFWLRQ
3URGXFW$VVHVVPHQW7HPSODWH 6HHKWWSZZZKKVJRYZHEIRUWKHWHPSODWH 6ROLFLWDWLRQV
IRUVHUYLFHVVKDOOLQFOXGHDQ\RWKHUSHUWLQHQWLQIRUPDWLRQWKDWWKHFRQWUDFWLQJRIILFHUGHHPV
QHFHVVDU\WRHYDOXDWHWKHRIIHURU VDELOLW\WRPHHWWKHDSSOLFDEOH6HFWLRQDFFHVVLELOLW\VWDQGDUGV
7KH++62SHUDWLQJ'LYLVLRQRU6WDII'LYLVLRQ 23',9RU67$))',9 6HFWLRQ2IILFLDORU
GHVLJQHHLVUHVSRQVLEOHIRUSURYLGLQJWHFKQLFDODVVLVWDQFHLQGHYHORSPHQWRI6HFWLRQHYDOXDWLRQ
IDFWRUV
%HIRUHFRQGXFWLQJQHJRWLDWLRQVRUPDNLQJDQDZDUGWKHFRQWUDFWLQJRIILFHUVKDOOSURYLGHD
VXPPDU\RIWKH6RXUFH6HOHFWLRQ(YDOXDWLRQ7HDP V 66(7 DVVHVVPHQWRIRIIHURUUHVSRQVHVWRWKH
VROLFLWDWLRQ V6HFWLRQHYDOXDWLRQIDFWRU7KLVVXPPDU\VKDOOEHVXEPLWWHGIRUUHYLHZE\WKH
6HFWLRQ2IILFLDORUGHVLJQHH7KH6HFWLRQ2IILFLDORUGHVLJQHHVKDOOLQGLFDWHDSSURYDORU
GLVDSSURYDORIWKH66(7DVVHVVPHQW7KHFRQWUDFWLQJRIILFHUVKDOOFRRUGLQDWHWKHUHVROXWLRQRIDQ\
LVVXHVUDLVHGE\WKH6HFWLRQ2IILFLDORUGHVLJQHHZLWKWKHFKDLURIWKH66(7RUUHTXLULQJDFWLYLW\
UHSUHVHQWDWLYHDVDSSURSULDWH7KHDFTXLVLWLRQSURFHVVVKDOOQRWSURFHHGXQWLOWKH6HFWLRQ
2IILFLDORUGHVLJQHHDSSURYHVWKH66(7DVVHVVPHQW7KHFRQWUDFWLQJRIILFHUVKDOOLQFOXGHWKH
DVVHVVPHQWLQWKHRIILFLDOFRQWUDFWILOH6HHUHJDUGLQJSURFHVVLQJH[FHSWLRQGHWHUPLQDWLRQ
UHTXHVWV
E :KHQDFTXLULQJFRPPHUFLDOLWHPVLIQRFRPPHUFLDOO\DYDLODEOHVXSSOLHVRUVHUYLFHVPHHWDOORI
WKHDSSOLFDEOH6HFWLRQDFFHVVLELOLW\VWDQGDUGV23',9VRU67$))',9VVKDOOXQGHUWKHGLUHFWLRQ
DQGDSSURYDORIWKH6HFWLRQ2IILFLDORUGHVLJQHHDFTXLUHWKHVXSSOLHVDQGVHUYLFHVWKDWEHVW
PHHWWKHDSSOLFDEOH6HFWLRQDFFHVVLELOLW\VWDQGDUGV3URFHVVH[FHSWLRQGHWHUPLQDWLRQVIRU(,7
VXSSOLHVDQGVHUYLFHVQRWPHHWLQJDSSOLFDEOH6HFWLRQDFFHVVLELOLW\VWDQGDUGVLQDFFRUGDQFHZLWK
&RQWUDFWFODXVHVIRUHOHFWURQLFDQGLQIRUPDWLRQWHFKQRORJ\ (,7
DFTXLVLWLRQV
D 7KHFRQWUDFWLQJRIILFHUVKDOOLQVHUWWKHSURYLVLRQDW(OHFWURQLFDQG,QIRUPDWLRQ
7HFKQRORJ\$FFHVVLELOLW\1RWLFHLQDOOVROLFLWDWLRQV
E 7KHFRQWUDFWLQJRIILFHUVKDOOLQVHUWWKHFODXVHDW(OHFWURQLFDQG,QIRUPDWLRQ
7HFKQRORJ\$FFHVVLELOLW\LQDOOFRQWUDFWVDQGRUGHUV
([FHSWLRQV
$SSURYDORIH[FHSWLRQV
D 3URFHGXUHVWRGRFXPHQWH[FHSWLRQDQGGHWHUPLQDWLRQUHTXHVWVDUHVHWE\WKH23',96HFWLRQ
2IILFLDO
E ,QWKHGHYHORSPHQWRIDQDFTXLVLWLRQSODQ $3 RURWKHUDFTXLVLWLRQUHTXHVWGRFXPHQWWKH
FRQWUDFWLQJRIILFHUVKDOOHQVXUHWKDWDOO6HFWLRQH[FHSWLRQGHWHUPLQDWLRQUHTXHVWVIRUDSSOLFDEOH
(,7UHTXLUHPHQWVDUH
'RFXPHQWHGDQGFHUWLILHGLQDFFRUGDQFHZLWKWKHUHTXLUHPHQWVRIWKH++66HFWLRQSROLF\
6LJQHGE\WKHUHTXHVWRULQWKHUHTXLULQJDFWLYLW\
&HUWLILHGDQGDSSURYHGE\WKH23',96HFWLRQ2IILFLDORUGHVLJQHHDQG
,QFOXGHGLQWKH$3RURWKHUDFTXLVLWLRQUHTXHVWGRFXPHQWSURYLGHGE\WKHUHTXLULQJDFWLYLW\WR
WKHFRQWUDFWLQJRIILFH
F )RULQVWDQFHVZLWKDQH[LVWLQJWHFKQLFDOHYDOXDWLRQDQGQRRUJDQL]DWLRQ VSURSRVHGVXSSOLHVRU
VHUYLFHVPHHWDOORIWKH6HFWLRQDFFHVVLELOLW\VWDQGDUGVLQRUGHUWRSURFHHGZLWKWKHDFTXLVLWLRQ
WKHUHTXLULQJDFWLYLW\VKDOOSURYLGHDQH[FHSWLRQGHWHUPLQDWLRQUHTXHVWDORQJZLWKWKHWHFKQLFDO
HYDOXDWLRQWHDP VDVVHVVPHQWRIWKH6HFWLRQHYDOXDWLRQIDFWRUWRWKHGHVLJQDWHG6HFWLRQ
2IILFLDORUGHVLJQHHIRUUHYLHZDQGDSSURYDORUGLVDSSURYDO7KHFRQWUDFWLQJRIILFHUVKDOOLQFOXGHWKH
6HFWLRQ2IILFLDO VRUGHVLJQHH VDSSURYDORUGLVDSSURYDORIWKHH[FHSWLRQGHWHUPLQDWLRQUHTXHVW
LQWKHRIILFLDOFRQWUDFWILOHDQGUHIHUHQFHLWDVDSSURSULDWHLQDOOVRXUFHVHOHFWLRQGRFXPHQWV)RU
IXUWKHULQIRUPDWLRQVHH++66HFWLRQ3ROLF\RQKWWSZZZKKVJRYZHE
6HFWLRQDFFHVVLELOLW\VWDQGDUGVIRUFRQWUDFWV
D 6HFWLRQRIWKH5HKDELOLWDWLRQ$FWRI 86& G DVDPHQGHGE\WKH:RUNIRUFH
,QYHVWPHQW$FWRI 6HFWLRQ VSHFLILHVWKHDSSOLFDEOHDFFHVVLELOLW\VWDQGDUGVIRUDOOQHZ
VROLFLWDWLRQVDQGQHZRUH[LVWLQJFRQWUDFWVRURUGHUVUHJDUGOHVVRI(,7GROODUDPRXQW
E 7KHUHTXLULQJDFWLYLW\VKDOOFRQVXOWZLWKWKH23',9RU67$))',96HFWLRQ2IILFLDORU
GHVLJQHHDVQHFHVVDU\WRGHWHUPLQHWKHDSSOLFDELOLW\RI6HFWLRQLGHQWLI\DSSOLFDEOH6HFWLRQ
DFFHVVLELOLW\VWDQGDUGVDQGUHVROYHDQ\UHODWHGLVVXHVEHIRUHIRUZDUGLQJDUHTXHVWWRWKH
FRQWUDFWLQJRUSURFXUHPHQWRIILFHIRUWKHDFTXLVLWLRQRI(,7VXSSOLHVDQGVHUYLFHVLQFOXGLQJ:HE
VLWHFRQWHQWDQGFRPPXQLFDWLRQVPDWHULDOIRUZKLFKWKHFRQWUDFWRUPXVWPHHW(,7DFFHVVLELOLW\
VWDQGDUGV
F %DVHGRQWKRVHGLVFXVVLRQVWKHUHTXLULQJDFWLYLW\VKDOOSURYLGHDVWDWHPHQWLQWKH$3 RURWKHU
DFTXLVLWLRQUHTXHVWGRFXPHQW IRU6HFWLRQDSSOLFDELOLW\6HH,I6HFWLRQDSSOLHVWR
DQDFTXLVLWLRQLQFOXGHWKHSURYLVLRQDW(OHFWURQLFDQG,QIRUPDWLRQ7HFKQRORJ\DQG
$FFHVVLELOLW\1RWLFHODQJXDJHLQDVHSDUDWHFOHDUO\GHVLJQDWHGVHFWLRQRIWKHVWDWHPHQWRIZRUNRU
SHUIRUPDQFHZRUNVWDWHPHQWDORQJZLWKDQ\DGGLWLRQDOLQIRUPDWLRQDSSOLFDEOHWRWKHDFTXLVLWLRQ V
6HFWLRQDFFHVVLELOLW\VWDQGDUGV HJWKHOLVWRIDSSOLFDEOHDFFHVVLELOLW\VWDQGDUGVRIWKH$FFHVV
%RDUG(,7$FFHVVLELOLW\6WDQGDUGV &)5SDUW ,IDQ$3GRHVQRWDGGUHVV6HFWLRQ
DSSOLFDELOLW\DQGLWDSSHDUVDQDFTXLVLWLRQLQYROYHV6HFWLRQRULIWKHGLVFXVVLRQRI6HFWLRQ
DSSOLFDELOLW\WRWKHDFTXLVLWLRQLVLQDGHTXDWHRULQFRPSOHWHWKHFRQWUDFWLQJRIILFHUVKDOOUHTXHVWWKH
UHTXLULQJDFWLYLW\PRGLI\WKH$3DFFRUGLQJO\
G ,WHPVSURYLGHGLQFLGHQWDOWRFRQWUDFWDGPLQLVWUDWLRQDUHQRWVXEMHFWWRWKLVVHFWLRQ
H 7KH23',96HFWLRQ2IILFLDORUGHVLJQHHPD\DWKLVRUKHUGLVFUHWLRQUHTXLUHUHYLHZDQG
DSSURYDORIVROLFLWDWLRQVDQGFRQWUDFWVIRU(,7VXSSOLHVDQGVHUYLFHV
3$5762/,&,7$7,213529,6,216
$1'&2175$&7&/$86(6
$XWKRULW\86&86& F 86&
6RXUFH)51RYXQOHVVRWKHUZLVHQRWHG
6XESDUW,QVWUXFWLRQVIRU8VLQJ3URYLVLRQVDQG&ODXVHV
6FRSHRIVXESDUW
$SSOLFDWLRQRISURYLVLRQVDQGFODXVHV
6XESDUW7H[WVRI3URYLVLRQVDQG&ODXVHV
$QWL/REE\LQJ
3UHYHQWLRQDQG3XEOLF+HDOWK)XQG5HSRUWLQJ5HTXLUHPHQWV
3ULQWLQJDQG'XSOLFDWLRQ
3XEOLF$FFRPPRGDWLRQVDQG&RPPHUFLDO)DFLOLWLHV
&RQIHUHQFH6SRQVRUVKLS5HTXHVWVDQG&RQIHUHQFH0DWHULDOV'LVFODLPHU
3DSHUZRUN5HGXFWLRQ$FW
/DWH3URSRVDOVDQG5HYLVLRQV
$GGLWLRQDO&RVW3ULQFLSOHVIRU+RVSLWDOV 3URILWDQG1RQ3URILW 0HQWRU3URWcJc3URJUDP
0HQWRU3URWcJc3URJUDP5HSRUWLQJ5HTXLUHPHQWV
&RQWUDFWRU&RRSHUDWLRQLQ(TXDO(PSOR\PHQW2SSRUWXQLW\,QYHVWLJDWLRQV
6DIHW\DQG+HDOWK
,QVWUXFWLRQVWR2IIHURUV6XVWDLQDEOH$FTXLVLWLRQ
3ULYDF\$FW
&RQILGHQWLDO,QIRUPDWLRQ
,QGLDQ3UHIHUHQFH
,QGLDQ3UHIHUHQFH3URJUDP
1DWLYH$PHULFDQ*UDYHV3URWHFWLRQDQG5HSDWULDWLRQ$FW
1RWLFHRI,QGLDQ6PDOO%XVLQHVV(FRQRPLF(QWHUSULVHVHWDVLGH
1RWLFHRI,QGLDQ(FRQRPLF(QWHUSULVHVHWDVLGH
,QGLDQ(FRQRPLF(QWHUSULVH6XEFRQWUDFWLQJ/LPLWDWLRQV
,QGLDQ(FRQRPLF(QWHUSULVH5HSUHVHQWDWLRQ
3DWHQW5LJKWV([FHSWLRQDO&LUFXPVWDQFHV
5LJKWVLQ'DWD([FHSWLRQDO&LUFXPVWDQFHV
3XEOLFDWLRQVDQG3XEOLFLW\
6DODU\5DWH/LPLWDWLRQ
,QFUHPHQWDO)XQGLQJ
(OHFWURQLFVXEPLVVLRQRISD\PHQWUHTXHVWV
&KRLFHRI/DZ 2YHUVHDV /LWLJDWLRQDQG&ODLPV
'HVLJQ%XLOG&RQWUDFWV
3UR&KLOGUHQ$FW
&ULPH&RQWURO$FW5HSRUWLQJRI&KLOG$EXVH
&ULPH&RQWURO$FW5HTXLUHPHQWIRU%DFNJURXQG&KHFNV
,QGLDQ&KLOG3URWHFWLRQDQG)DPLO\9LROHQFH$FW
1RQ'LVFULPLQDWLRQLQ6HUYLFH'HOLYHU\
.H\3HUVRQQHO
(OHFWURQLF,QIRUPDWLRQDQG7HFKQRORJ\$FFHVVLELOLW\1RWLFH
(OHFWURQLFDQG,QIRUPDWLRQ7HFKQRORJ\$FFHVVLELOLW\
>5HVHUYHG@
D1RWLFHWR2IIHURUV3URWHFWLRQRI+XPDQ6XEMHFWV
E3URWHFWLRQRI+XPDQ6XEMHFWV
D1RWLFHWR2IIHURUVRI5HTXLUHPHQWIRU&RPSOLDQFHZLWKWKH3XEOLF+HDOWK6HUYLFH
3ROLF\RQ+XPDQH&DUHDQG8VHRI/DERUDWRU\$QLPDOV
E&DUHRI/LYH9HUWHEUDWH$QLPDOV
5HVWULFWLRQRQ8VHRI+XPDQ6XEMHFWV
>5HVHUYHG@
1RQ'LVFULPLQDWLRQIRU&RQVFLHQFH
1RWLFHWR2IIHURUV3URWHFWLRQRI+XPDQ6XEMHFWV5HVHDUFK,QYROYLQJ+XPDQ
6XEMHFWV&RPPLWWHH 5,+6& $SSURYDORI5HVHDUFK3URWRFROV5HTXLUHG
3URWHFWLRQRI+XPDQ6XEMHFWV5HVHDUFK,QYROYLQJ+XPDQ6XEMHFWV&RPPLWWHH
5,+6& $SSURYDORI5HVHDUFK3URWRFROV5HTXLUHG
1HHGOH([FKDQJH
&RQWLQXHG%DQRQ)XQGLQJ$ERUWLRQDQG&RQWLQXHG%DQRQ)XQGLQJRI+XPDQ
(PEU\R5HVHDUFK
3DUHQWWRSLF68%&+$37(5+&/$86(6$1')2506
6XESDUW,QVWUXFWLRQVIRU8VLQJ3URYLVLRQVDQG
&ODXVHV
6FRSHRIVXESDUW
7KLVVXESDUWSURYLGHVJXLGDQFHIRUDSSO\LQJWKH'HSDUWPHQWRI+HDOWKDQG+XPDQ6HUYLFHV
SURYLVLRQVDQGFODXVHVLQVROLFLWDWLRQVFRQWUDFWVDQGRUGHUV
$SSOLFDWLRQRISURYLVLRQVDQGFODXVHV
D ,IDFODXVHLVLQFOXGHGLQWKHPDVWHULQVWUXPHQW HJLQDQLQGHILQLWHGHOLYHU\LQGHILQLWHTXDQWLW\
FRQWUDFWRUDEODQNHWSXUFKDVHDJUHHPHQW LWLVQRWQHFHVVDU\WRDOVRLQFOXGHWKHFODXVHLQDWDVN
RUGHURUGHOLYHU\RUGHUWKHUHXQGHU
E :KHQDGROODUDPRXQWRUGROODUWKUHVKROGLVVSHFLILHG HJPLOOLRQRUVLPSOLILHGDFTXLVLWLRQ
WKUHVKROG WKHGROODUDPRXQWRIWKHDZDUG FRQWUDFWRURUGHU LQFOXGHVDQ\RSWLRQVWKHUHXQGHU
6XESDUW7H[WVRI3URYLVLRQVDQG&ODXVHV
$QWL/REE\LQJ
$VSUHVFULEHGLQ++6$5WKH&RQWUDFWLQJ2IILFHUVKDOOLQVHUWWKHIROORZLQJFODXVH
$QWL/REE\LQJ '(&
3XUVXDQWWRWKH++6DQQXDODSSURSULDWLRQVDFWVH[FHSWIRUQRUPDODQGUHFRJQL]HGH[HFXWLYH
OHJLVODWLYHUHODWLRQVKLSVWKH&RQWUDFWRUVKDOOQRWXVHDQ\++6FRQWUDFWIXQGVIRU
D 3XEOLFLW\RUSURSDJDQGDSXUSRVHV
E 7KHSUHSDUDWLRQGLVWULEXWLRQRUXVHRIDQ\NLWSDPSKOHWERRNOHWSXEOLFDWLRQHOHFWURQLF
FRPPXQLFDWLRQUDGLRWHOHYLVLRQRUYLGHRSUHVHQWDWLRQGHVLJQHGWRVXSSRUWRUGHIHDWWKHHQDFWPHQW
RIOHJLVODWLRQEHIRUHWKH&RQJUHVVRUDQ\6WDWHRUORFDOOHJLVODWXUHRUOHJLVODWLYHERG\H[FHSWLQ
SUHVHQWDWLRQWRWKH&RQJUHVVRUDQ\VWDWHRUORFDOOHJLVODWXUHLWVHOIRUGHVLJQHGWRVXSSRUWRUGHIHDW
DQ\SURSRVHGRUSHQGLQJUHJXODWLRQDGPLQLVWUDWLYHDFWLRQRURUGHULVVXHGE\WKHH[HFXWLYHEUDQFK
RIDQ\VWDWHRUORFDOJRYHUQPHQWH[FHSWLQSUHVHQWDWLRQWRWKHH[HFXWLYHEUDQFKRIDQ\VWDWHRUORFDO
JRYHUQPHQWLWVHOIRU
F 3D\PHQWRIVDODU\RUH[SHQVHVRIWKH&RQWUDFWRURUDQ\DJHQWDFWLQJIRUWKH&RQWUDFWRUUHODWHG
WRDQ\DFWLYLW\GHVLJQHGWRLQIOXHQFHWKHHQDFWPHQWRIOHJLVODWLRQDSSURSULDWLRQVUHJXODWLRQ
DGPLQLVWUDWLYHDFWLRQRU([HFXWLYHRUGHUSURSRVHGRUSHQGLQJEHIRUHWKH&RQJUHVVRUDQ\VWDWH
JRYHUQPHQWVWDWHOHJLVODWXUHRUORFDOOHJLVODWXUHRUOHJLVODWLYHERG\RWKHUWKDQIRUQRUPDODQG
UHFRJQL]HGH[HFXWLYHOHJLVODWLYHUHODWLRQVKLSVRUSDUWLFLSDWLRQE\DQDJHQF\RURIILFHURIDVWDWH
ORFDORUWULEDOJRYHUQPHQWLQSROLF\PDNLQJDQGDGPLQLVWUDWLYHSURFHVVHVZLWKLQWKHH[HFXWLYH
EUDQFKRIWKDWJRYHUQPHQW
G 7KHSURKLELWLRQVLQVXEVHFWLRQV D E DQG F DERYHVKDOOLQFOXGHDQ\DFWLYLW\WRDGYRFDWHRU
SURPRWHDQ\SURSRVHGSHQGLQJRUIXWXUHIHGHUDOVWDWHRUORFDOWD[LQFUHDVHRUDQ\SURSRVHG
SHQGLQJRUIXWXUHUHTXLUHPHQWIRURUUHVWULFWLRQRQDQ\OHJDOFRQVXPHUSURGXFWLQFOXGLQJLWVVDOH
RUPDUNHWLQJLQFOXGLQJEXWQRWOLPLWHGWRWKHDGYRFDF\RUSURPRWLRQRIJXQFRQWURO
(QGRIFODXVH
3UHYHQWLRQDQG3XEOLF+HDOWK)XQG5HSRUWLQJ5HTXLUHPHQWV
$VSUHVFULEHGLQ++6$5LQVHUWWKHIROORZLQJFODXVH
3UHYHQWLRQDQG3XEOLF+HDOWK)XQG5HSRUWLQJ5HTXLUHPHQWV '(&
D 3XUVXDQWWRSXEOLFODZWKLVFRQWUDFWUHTXLUHVWKHFRQWUDFWRUWRSURYLGHSURGXFWVRUVHUYLFHVRU
ERWKWKDWDUHIXQGHGIURPWKH3UHYHQWLRQDQG3XEOLF+HDOWK)XQG 33+) 3XEOLF/DZVHF
6HFWLRQ E UHTXLUHVHDFKFRQWUDFWRUWRUHSRUWRQLWVXVHRIWKHVHIXQGVXQGHUWKLV
FRQWUDFW7KHVHUHSRUWVZLOOEHPDGHDYDLODEOHWRWKHSXEOLF
E 6HPLDQQXDOUHSRUWVIURPWKH&RQWUDFWRUIRUDOOZRUNIXQGHGLQZKROHRULQSDUWE\WKH33+)
DUHGXHQRODWHUWKDQGD\VIROORZLQJWKHHQGRIHDFKPRQWKSHULRG7KHPRQWKUHSRUWLQJ
SHULRGVDUH-DQXDU\WKURXJK-XQHDQG-XO\WKURXJK'HFHPEHU7KHILUVWUHSRUWLVGXHQRODWHUWKDQ
GD\VDIWHUWKHHQGRIWKHPRQWKSHULRGIROORZLQJFRQWUDFWDZDUG6XEVHTXHQWUHSRUWVDUHGXH
QRODWHUWKDQGD\VDIWHUWKHHQGRIHDFKUHSRUWLQJSHULRG,IDSSOLFDEOHWKH&RQWUDFWRUVKDOO
VXEPLWLWVILQDOUHSRUWIRUWKHUHPDLQGHURIWKHFRQWUDFWSHULRGQRODWHUWKDQGD\VDIWHUWKHHQGRI
WKHUHSRUWLQJSHULRGLQZKLFKWKHFRQWUDFWHQGHG
F 7KH&RQWUDFWRUVKDOOSURYLGHWKHIROORZLQJLQIRUPDWLRQLQDQHOHFWURQLFDQG6HFWLRQ
FRPSOLDQWIRUPDWWRWKH&RQWUDFWLQJ2IILFHU
7KH*RYHUQPHQWFRQWUDFWDQGRUGHUQXPEHUDVDSSOLFDEOH
7KHDPRXQWRI33+)IXQGVLQYRLFHGE\WKHFRQWUDFWRUIRUWKHUHSRUWLQJSHULRGDQGWKH
FXPXODWLYHDPRXQWLQYRLFHGIRUWKHFRQWUDFWRURUGHU
$OLVWRIDOOVLJQLILFDQWVHUYLFHVSHUIRUPHGRUVXSSOLHVGHOLYHUHGLQFOXGLQJFRQVWUXFWLRQIRUZKLFK
WKHFRQWUDFWRULQYRLFHGLQWKHUHSRUWLQJSHULRG
3URJUDPRUSURMHFWWLWOHLIDQ\
7KH&RQWUDFWRUVKDOOUHSRUWDQ\VXEFRQWUDFWIXQGHGLQZKROHRULQSDUWZLWK33+)IXQGLQJWKDW
LVYDOXHGDWRUPRUH7KH&RQWUDFWRUVKDOODGYLVHWKHVXEFRQWUDFWRUWKDWWKHLQIRUPDWLRQZLOO
EHPDGHDYDLODEOHWRWKHSXEOLF7KH&RQWUDFWRUVKDOOUHSRUW
L 1DPHDQGDGGUHVVRIWKHVXEFRQWUDFWRU
LL $PRXQWRIWKHVXEFRQWUDFWDZDUG
LLL 'DWHRIWKHVXEFRQWUDFWDZDUG
LY $GHVFULSWLRQRIWKHSURGXFWVRUVHUYLFHV LQFOXGLQJFRQVWUXFWLRQ EHLQJSURYLGHGXQGHUWKH
VXEFRQWUDFW
(QGRIFODXVH
3ULQWLQJDQG'XSOLFDWLRQ
$VSUHVFULEHGLQ++6$5WKH&RQWUDFWLQJ2IILFHUVKDOOLQVHUWWKHIROORZLQJFODXVH
3ULQWLQJDQG'XSOLFDWLRQ '(&
D 8QOHVVRWKHUZLVHVSHFLILHGLQWKLVFRQWUDFWQRSULQWLQJE\WKH&RQWUDFWRURUDQ\VXEFRQWUDFWRULV
DXWKRUL]HGXQGHUWKLVFRQWUDFW$OOSULQWLQJUHTXLUHGPXVWEHSHUIRUPHGE\WKH*RYHUQPHQW3ULQWLQJ
2IILFHH[FHSWDVDXWKRUL]HGE\WKH&RQWUDFWLQJ2IILFHU7KH&RQWUDFWRUVKDOOVXEPLWFDPHUDUHDG\
FRSLHVWRWKH&RQWUDFWLQJ2IILFHU V5HSUHVHQWDWLYH &25 7KHWHUPVdSULQWLQJeDQG
dGXSOLFDWLQJFRS\LQJeDUHGHILQHGLQWKH*RYHUQPHQW3ULQWLQJDQG%LQGLQJ5HJXODWLRQVRIWKH-RLQW
&RPPLWWHHRQ3ULQWLQJ
E ,IQHFHVVDU\IRUSHUIRUPDQFHRIWKHFRQWUDFWWKH&RQWUDFWRUPD\GXSOLFDWHRUFRS\OHVVWKDQ
SURGXFWLRQXQLWVRIRQO\RQHSDJHRUOHVVWKDQSURGXFWLRQXQLWVLQDJJUHJDWHRI
PXOWLSOHSDJHVIRUWKHXVHRIDGHSDUWPHQWRUDJHQF\$SURGXFWLRQXQLWLVGHILQHGDVRQHVKHHWVL]H
[LQFKHVRQHVLGHRQO\DQGRQHFRORU7KHSDJHVPD\QRWH[FHHGDPD[LPXPLPDJHVL]HRI
E\LQFKHV7KLVSDJHOLPLWDSSOLHVWRHDFKSULQWLQJUHTXLUHPHQWDQGQRWIRUDOOSULQWLQJ
UHTXLUHPHQWVXQGHUWKHHQWLUHFRQWUDFW
F $SSURYDOIRUDOOSULQWLQJDVZHOODVGXSOLFDWLQJFRS\LQJLQH[FHVVRIWKHVWDWHGOLPLWVVKDOOEH
REWDLQHGIURPWKH&25ZKRZLOOFRQVXOWZLWKWKHGHVLJQDWHGSXEOLVKLQJVHUYLFHVRIILFHDQGSURYLGH
GLUHFWLRQWRWKHFRQWUDFWRU7KHFRVWRIDQ\XQDXWKRUL]HGSULQWLQJRUGXSOLFDWLQJFRS\LQJXQGHUWKLV
FRQWUDFWZLOOEHFRQVLGHUHGDQXQDOORZDEOHFRVWIRUZKLFKWKH&RQWUDFWRUZLOOQRWEHUHLPEXUVHG
3XEOLF$FFRPPRGDWLRQVDQG&RPPHUFLDO)DFLOLWLHV
$VSUHVFULEHGLQ++6$5WKH&RQWUDFWLQJ2IILFHUVKDOOLQVHUWWKHIROORZLQJFODXVH
3XEOLF$FFRPPRGDWLRQVDQG&RPPHUFLDO)DFLOLWLHV '(&
7KH&RQWUDFWRUDJUHHVDVIROORZV
D ([FHSWIRUDGKRFPHHWLQJVQHFHVVDU\RULQFLGHQWDOWRFRQWUDFWSHUIRUPDQFHWKH&RQWUDFWRUVKDOO
GHYHORSDSODQWRDVVXUHWKDWDQ\HYHQWKHOGSXUVXDQWWRWKLVFRQWUDFWZLOOPHHWRUH[FHHGWKH
PLQLPXPDFFHVVLELOLW\VWDQGDUGVVHWIRUWKLQ&)5SDUW1RQGLVFULPLQDWLRQRQWKH%DVLVRI
'LVDELOLW\E\3XEOLF$FFRPPRGDWLRQVDQGLQ&RPPHUFLDO)DFLOLWLHV7KH&RQWUDFWRUVKDOOVXEPLWWKH
SODQWRWKH&RQWUDFWLQJ2IILFHUDQGPXVWUHFHLYHDSSURYDOSULRUWRWKHHYHQW7KH&RQWUDFWRUPD\
VXEPLWDFRQVROLGDWHGRUPDVWHUSODQIRUFRQWUDFWVUHTXLULQJQXPHURXVHYHQWVLQOLHXRIVHSDUDWH
SODQV
E 7KH&RQWUDFWRUVKDOOPDQDJHWKHFRQWUDFWLQDFFRUGDQFHZLWKWKHVWDQGDUGVVHWIRUWKLQ&)5
SDUW
(QGRIFODXVH
&RQIHUHQFH6SRQVRUVKLS5HTXHVWVDQG&RQIHUHQFH0DWHULDOV
'LVFODLPHU
$VSUHVFULEHGLQ++6$5WKH&RQWUDFWLQJ2IILFHUVKDOOLQVHUWWKHIROORZLQJFODXVH
&RQIHUHQFH6SRQVRUVKLS5HTXHVWDQG&RQIHUHQFH0DWHULDOV'LVFODLPHU '(&
D ,I++6LVQRWWKHVROHSURYLGHURIIXQGLQJXQGHUWKLVFRQWUDFWWKHQSULRUWRWKH&RQWUDFWRU
FODLPLQJ++6FRQIHUHQFHVSRQVRUVKLSWKH&RQWUDFWRUVKDOOVXEPLWDZULWWHQUHTXHVW LQFOXGLQJ
UDWLRQDOH WRWKH&RQWUDFWLQJ2IILFHUIRUSHUPLVVLRQWRFODLPVXFK++6VSRQVRUVKLS
E :KHWKHURUQRW++6LVWKHFRQIHUHQFHVSRQVRUWKH&RQWUDFWRUVKDOOLQFOXGHWKHIROORZLQJ
VWDWHPHQWRQFRQIHUHQFHPDWHULDOVLQFOXGLQJSURPRWLRQDOPDWHULDOVDJHQGDVDQG:HEVLWHV
d7KLVFRQIHUHQFHZDVIXQGHGLQZKROHRULQSDUWWKURXJKDFRQWUDFW LQVHUWFRQWUDFWQXPEHU ZLWK
WKH'HSDUWPHQWRI+HDOWKDQG+XPDQ6HUYLFHV ++6 LQVHUWQDPHRI23',9RU67$))',9 7KH
YLHZVH[SUHVVHGLQZULWWHQFRQIHUHQFHPDWHULDOVDQGE\VSHDNHUVDQGPRGHUDWRUVDWWKLVFRQIHUHQFH
GRQRWQHFHVVDULO\UHIOHFWWKHRIILFLDOSROLFLHVRI++6QRUGRHVPHQWLRQRIWUDGHQDPHVFRPPHUFLDO
SUDFWLFHVRURUJDQL]DWLRQVLPSO\HQGRUVHPHQWE\WKH86*RYHUQPHQWe
F 8QOHVVDXWKRUL]HGLQZULWLQJE\WKH&RQWUDFWLQJ2IILFHUWKH&RQWUDFWRUVKDOOQRWGLVSOD\WKH++6
ORJRRQDQ\FRQIHUHQFHPDWHULDOV
(QGRIFODXVH
3DSHUZRUN5HGXFWLRQ$FW
$VSUHVFULEHGLQ++6$5WKH&RQWUDFWLQJ2IILFHUVKDOOLQVHUWWKHIROORZLQJFODXVH
3DSHUZRUN5HGXFWLRQ$FW '(&
D 7KLVFRQWUDFWLQYROYHVDUHTXLUHPHQWWRFROOHFWRUUHFRUGLQIRUPDWLRQFDOOLQJHLWKHUIRUDQVZHUVWR
LGHQWLFDOTXHVWLRQVIURPRUPRUHSHUVRQVRWKHUWKDQ)HGHUDOHPSOR\HHVRULQIRUPDWLRQIURP
)HGHUDOHPSOR\HHVZKLFKLVRXWVLGHWKHVFRSHRIWKHLUHPSOR\PHQWIRUXVHE\WKH)HGHUDO
JRYHUQPHQWRUGLVFORVXUHWRWKLUGSDUWLHVWKHUHIRUHWKH3DSHUZRUN5HGXFWLRQ$FWRI 86&HWVHT VKDOODSSO\WRWKLVFRQWUDFW1RSODQTXHVWLRQQDLUHLQWHUYLHZJXLGHRURWKHU
VLPLODUGHYLFHIRUFROOHFWLQJLQIRUPDWLRQ ZKHWKHUUHSHWLWLYHRUVLQJOHWLPH PD\EHXVHGZLWKRXWWKH
2IILFHRI0DQDJHPHQWDQG%XGJHW 20% ILUVWSURYLGLQJFOHDUDQFH&RQWUDFWRUVDQGWKH&RQWUDFWLQJ
2IILFHU V5HSUHVHQWDWLYHVKDOOEHJXLGHGE\WKHSURYLVLRQVRI&)5SDUW&RQWUROOLQJ
3DSHUZRUN%XUGHQVRQWKH3XEOLFDQGVHHNWKHDGYLFHRIWKH++6RSHUDWLQJGLYLVLRQRU2IILFHRIWKH
6HFUHWDU\5HSRUWV&OHDUDQFH2IILFHUWRGHWHUPLQHWKHSURFHGXUHVIRUDFTXLULQJ20%FOHDUDQFH
E 7KH&RQWUDFWRUVKDOOQRWH[SHQGDQ\IXQGVRUEHJLQDQ\GDWDFROOHFWLRQXQWLOWKH&RQWUDFWLQJ
2IILFHUSURYLGHVWKH&RQWUDFWRUZLWKZULWWHQQRWLILFDWLRQDXWKRUL]LQJWKHH[SHQGLWXUHRIIXQGVDQG
WKHFROOHFWLRQRIGDWD7KH&RQWUDFWRUVKDOODOORZDWOHDVWGD\VIRU20%FOHDUDQFH7KH
&RQWUDFWLQJ2IILFHUZLOOFRQVLGHUH[FHVVLYHGHOD\VFDXVHGE\WKH*RYHUQPHQWZKLFKDULVHRXWRI
FDXVHVEH\RQGWKHFRQWURODQGZLWKRXWWKHIDXOWRUQHJOLJHQFHRIWKH&RQWUDFWRULQDFFRUGDQFHZLWK
WKH([FXVDEOH'HOD\VRU'HIDXOWFODXVHRIWKLVFRQWUDFW
(QGRIFODXVH
/DWH3URSRVDOVDQG5HYLVLRQV
$VSUHVFULEHGLQ++6$5WKH&RQWUDFWLQJ2IILFHUVKDOOLQVHUWWKHIROORZLQJSURYLVLRQ
/DWH3URSRVDOVDQG5HYLVLRQV '(& 'HYLDWLRQ
1RWZLWKVWDQGLQJWKHSURFHGXUHVFRQWDLQHGLQ)$5 F RIWKHSURYLVLRQRIWKLVVROLFLWDWLRQ
HQWLWOHG,QVWUXFWLRQVWR2IIHURUV&RPSHWLWLYH$FTXLVLWLRQWKH*RYHUQPHQWPD\FRQVLGHUDSURSRVDO
UHFHLYHGDIWHUWKHGDWHVSHFLILHGIRUUHFHLSWLILWDSSHDUVWRRIIHUVLJQLILFDQWFRVWRUWHFKQLFDO
DGYDQWDJHWRWKH*RYHUQPHQWDQGLWZDVUHFHLYHGEHIRUHSURSRVDOVZHUHGLVWULEXWHGIRUHYDOXDWLRQ
RUZLWKLQFDOHQGDUGD\VDIWHUWKHH[DFWWLPHVSHFLILHGIRUUHFHLSWZKLFKHYHULVHDUOLHU
(QGRISURYLVLRQ
$GGLWLRQDO&RVW3ULQFLSOHVIRU+RVSLWDOV 3URILWDQG1RQ3URILW $VSUHVFULEHGLQ++6$5 D WKH&RQWUDFWLQJ2IILFHUVKDOOLQVHUWWKHIROORZLQJFODXVH
$GGLWLRQDO&RVW3ULQFLSOHVIRU+RVSLWDOV 3URILWRU1RQ3URILW '(&
D %LGDQGSURSRVDO % 3 FRVWV
% 3FRVWVDUHWKHLPPHGLDWHFRVWVRISUHSDULQJELGVSURSRVDOVDQGDSSOLFDWLRQVIRUSRWHQWLDO
)HGHUDODQGQRQ)HGHUDOFRQWUDFWVJUDQWVDQGDJUHHPHQWVLQFOXGLQJWKHGHYHORSPHQWRIVFLHQWLILF
FRVWDQGRWKHUGDWDQHHGHGWRVXSSRUWWKHELGVSURSRVDOVDQGDSSOLFDWLRQV
% 3FRVWVRIWKHFXUUHQWDFFRXQWLQJSHULRGDUHDOORZDEOHDVLQGLUHFWFRVWV
% 3FRVWVRISDVWDFFRXQWLQJSHULRGVDUHXQDOORZDEOHLQWKHFXUUHQWSHULRG+RZHYHULIWKH
RUJDQL]DWLRQ VHVWDEOLVKHGSUDFWLFHLVWRWUHDWWKHVHFRVWVE\VRPHRWKHUPHWKRGWKH\PD\EH
DFFHSWHGLIWKH\DUHIRXQGWREHUHDVRQDEOHDQGHTXLWDEOH
% 3FRVWVGRQRWLQFOXGHLQGHSHQGHQWUHVHDUFKDQGGHYHORSPHQW ,5 ' FRVWVFRYHUHGE\WKH
IROORZLQJSDUDJUDSKRUSUHDZDUGFRVWVFRYHUHGE\SDUDJUDSKRI$WWDFKPHQW%WR20%&LUFXODU
$
E ,5 'FRVWV
,5 'LVUHVHDUFKDQGGHYHORSPHQWFRQGXFWHGE\DQRUJDQL]DWLRQZKLFKLVQRWVSRQVRUHGE\
)HGHUDORUQRQ)HGHUDOFRQWUDFWVJUDQWVRURWKHUDJUHHPHQWV
,5 'VKDOOEHDOORFDWHGLWVSURSRUWLRQDWHVKDUHRILQGLUHFWFRVWVRQWKHVDPHEDVLVDVWKH
DOORFDWLRQRILQGLUHFWFRVWVWRVSRQVRUHGUHVHDUFKDQGGHYHORSPHQW
7KHFRVWRI,5 'LQFOXGLQJLWVSURSRUWLRQDWHVKDUHRILQGLUHFWFRVWVLVXQDOORZDEOH
(QGRIFODXVH
0HQWRU3URWbJb3URJUDP
$VSUHVFULEHGLQ++6$5 D WKH&RQWUDFWLQJ2IILFHUVKDOOLQVHUWWKHIROORZLQJSURYLVLRQ
0HQWRU3URWcJc3URJUDP '(&
D /DUJHEXVLQHVVSULPHFRQWUDFWRUVVHUYLQJDVPHQWRUVLQWKH++60HQWRU3URWcJc3URJUDPDUH
HOLJLEOHIRU++6VXEFRQWUDFWLQJSODQFUHGLWDQGVKDOOVXEPLWDFRS\RIWKHLU++62IILFHRI6PDOODQG
'LVDGYDQWDJHG%XVLQHVV8WLOL]DWLRQ 26'%8 DSSURYHGPHQWRUSURWcJcDJUHHPHQWVDVSDUWRIWKHLU
RIIHUV7KHDPRXQWRIFUHGLWSURYLGHGE\WKH&RQWUDFWLQJ2IILFHUWRDPHQWRUILUPIRUSURWcJcILUP
GHYHORSPHQWDODVVLVWDQFHFRVWVVKDOOEHFDOFXODWHGRQDGROODUIRUGROODUEDVLVDQGUHSRUWHGE\WKH
PHQWRUILUPLQWKH6XPPDU\6XEFRQWUDFW5HSRUWYLDWKH(OHFWURQLF6XEFRQWUDFWLQJ5HSRUWLQJ
6\VWHP H656 DWZZZHVUVJRY7KHPHQWRUILUPDQGSURWcJcILUPVKDOOVXEPLWWRWKH&RQWUDFWLQJ
2IILFHUDVLJQHGMRLQWVWDWHPHQWDJUHHLQJRQWKHGROODUYDOXHRIWKHGHYHORSPHQWDODVVLVWDQFHWKH
PHQWRUILUPSURYLGHG )RUH[DPSOHDPHQWRUILUPZRXOGUHSRUWDVXEFRQWUDFWDZDUGHGWRD
SURWcJcILUPDQGSURYLVLRQRIRIGHYHORSPHQWDODVVLVWDQFHDVRIVXEFRQWUDFWLQJSODQ
FUHGLW 7KHPHQWRUILUPPD\XVHWKLVDGGLWLRQDOFUHGLWWRZDUGVDWWDLQLQJLWVVXEFRQWUDFWLQJSODQ
SDUWLFLSDWLRQJRDOXQGHUWKLVFRQWUDFW
E 7KHSURJUDPFRQVLVWVRI
0HQWRUILUPVODUJHEXVLQHVVHVWKDW
L 'HPRQVWUDWHWKHLQWHUHVWFRPPLWPHQWDQGFDSDELOLW\WRSURYLGHGHYHORSPHQWDODVVLVWDQFHWR
VPDOOEXVLQHVVSURWcJcILUPVDQG
LL +DYHD0HQWRU3URWcJcDJUHHPHQWDSSURYHGE\++6 26'%8
3URWbJbILUPVILUPVWKDW
L 6HHNGHYHORSPHQWDODVVLVWDQFH
LL 4XDOLI\DVVPDOOEXVLQHVVHVYHWHUDQRZQHGVPDOOEXVLQHVVHVVHUYLFHGLVDEOHGYHWHUDQRZQHG
VPDOOEXVLQHVVHV+8%=RQHVPDOOEXVLQHVVHVVPDOOGLVDGYDQWDJHGEXVLQHVVHVRUZRPDQRZQHG
VPDOOEXVLQHVVHVDQG
LLL +DYHD0HQWRU3URWcJcDJUHHPHQWDSSURYHGE\++6 26'%8DQG
0HQWRU3URWbJbDJUHHPHQWVMRLQWDJUHHPHQWVDSSURYHGE\++6 26'%8ZKLFKGHWDLOWKH
VSHFLILFWHUPVFRQGLWLRQVDQGUHVSRQVLELOLWLHVRIWKHPHQWRUSURWcJcUHODWLRQVKLS
(QGRISURYLVLRQ
0HQWRU3URWbJb3URJUDP5HSRUWLQJ5HTXLUHPHQWV
$VSUHVFULEHGLQ++6$5 E WKH&RQWUDFWLQJ2IILFHUVKDOOLQVHUWWKHIROORZLQJFODXVH
0HQWRU3URWcJc3URJUDP5HSRUWLQJ5HTXLUHPHQWV -DQXDU\
7KH&RQWUDFWRUVKDOOFRPSO\ZLWKDOOUHSRUWLQJUHTXLUHPHQWVVSHFLILHGLQLWV0HQWRU3URWcJc
DJUHHPHQWDSSURYHGE\++6 26'%8
(QGRIFODXVH
&RQWUDFWRU&RRSHUDWLRQLQ(TXDO(PSOR\PHQW2SSRUWXQLW\
,QYHVWLJDWLRQV
$VSUHVFULEHGLQ++6$5 K WKH&RQWUDFWLQJ2IILFHUVKDOOLQVHUWWKHIROORZLQJFODXVH
&RQWUDFWRU&RRSHUDWLRQLQ(TXDO(PSOR\PHQW2SSRUWXQLW\,QYHVWLJDWLRQV '(&
D ,QDGGLWLRQWRFRPSO\LQJZLWKWKHFODXVHDW)$5(TXDO2SSRUWXQLW\WKH&RQWUDFWRU
VKDOOLQJRRGIDLWKFRRSHUDWHZLWKWKH'HSDUWPHQWRI+HDOWKDQG+XPDQ6HUYLFHV $JHQF\ LQ
LQYHVWLJDWLRQVRI(TXDO(PSOR\PHQW2SSRUWXQLW\ ((2 FRPSODLQWVSURFHVVHGSXUVXDQWWR&)5
SDUW)RUSXUSRVHVRIWKLVFODXVHWKHIROORZLQJGHILQLWLRQVDSSO\
&RPSODLQWPHDQVDIRUPDORULQIRUPDOFRPSODLQWWKDWKDVEHHQORGJHGZLWK$JHQF\PDQDJHPHQW
$JHQF\((2RIILFLDOVWKH(TXDO(PSOR\PHQW2SSRUWXQLW\&RPPLVVLRQ ((2& RUDFRXUWRI
FRPSHWHQWMXULVGLFWLRQ
&RQWUDFWRUHPSOR\HHPHDQVDOOFXUUHQW&RQWUDFWRUHPSOR\HHVZKRZRUNRUZRUNHGXQGHUWKLV
FRQWUDFW7KHWHUPDOVRLQFOXGHVFXUUHQWHPSOR\HHVRIVXEFRQWUDFWRUVZKRZRUNRUZRUNHGXQGHU
WKLVFRQWUDFW,QWKHFDVHRI&RQWUDFWRUDQGVXEFRQWUDFWRUHPSOR\HHVZKRZRUNHGXQGHUWKLV
FRQWUDFWEXWZKRDUHQRORQJHUHPSOR\HGE\WKH&RQWUDFWRURUVXEFRQWUDFWRURUZKRKDYHEHHQ
DVVLJQHGWRDQRWKHUHQWLW\ZLWKLQWKH&RQWUDFWRU VRUVXEFRQWUDFWRU VRUJDQL]DWLRQWKH&RQWUDFWRU
VKDOOSURYLGHWKH$JHQF\ZLWKWKDWHPSOR\HH VODVWNQRZQPDLOLQJDGGUHVVHPDLODGGUHVVDQG
WHOHSKRQHQXPEHULIWKDWHPSOR\HHKDVEHHQLGHQWLILHGDVDZLWQHVVLQDQ((2FRPSODLQWRU
LQYHVWLJDWLRQ
*RRGIDLWKFRRSHUDWLRQFLWHGLQSDUDJUDSK D LQFOXGHVEXWLVQRWOLPLWHGWRPDNLQJ&RQWUDFWRU
HPSOR\HHVDYDLODEOHIRU
L )RUPDODQGLQIRUPDOLQWHUYLHZVE\((2FRXQVHORUVRURWKHU$JHQF\RIILFLDOVSURFHVVLQJ((2
FRPSODLQWV
LL )RUPDORULQIRUPDOLQWHUYLHZVE\((2LQYHVWLJDWRUVFKDUJHGZLWKLQYHVWLJDWLQJFRPSODLQWVRI
XQODZIXOGLVFULPLQDWLRQILOHGE\)HGHUDOHPSOR\HHV
LLL 5HYLHZLQJDQGVLJQLQJDSSURSULDWHDIILGDYLWVRUGHFODUDWLRQVVXPPDUL]LQJVWDWHPHQWVSURYLGHG
E\VXFK&RQWUDFWRUHPSOR\HHVGXULQJWKHFRXUVHRI((2LQYHVWLJDWLRQV
LY 3URGXFLQJGRFXPHQWVUHTXHVWHGE\((2FRXQVHORUV((2LQYHVWLJDWRUV$JHQF\HPSOR\HHVRU
WKH((2&LQFRQQHFWLRQZLWKDSHQGLQJ((2FRPSODLQWDQG
Y 3UHSDULQJIRUDQGSURYLGLQJWHVWLPRQ\LQGHSRVLWLRQVRULQKHDULQJVEHIRUHWKH063%((2&DQG
86'LVWULFW&RXUW
E 7KH&RQWUDFWRUVKDOOLQFOXGHWKHSURYLVLRQVRIWKLVFODXVHLQDOOVXEFRQWUDFWVROLFLWDWLRQVDQG
VXEFRQWUDFWVDZDUGHGDWDQ\WLHUXQGHUWKLVFRQWUDFW
F )DLOXUHRQWKHSDUWRIWKH&RQWUDFWRURULWVVXEFRQWUDFWRUVWRFRPSO\ZLWKWKHWHUPVRIWKLVFODXVH
PD\EHJURXQGVIRUWKH&RQWUDFWLQJ2IILFHUWRWHUPLQDWHWKLVFRQWUDFWIRUGHIDXOW
(QGRIFODXVH
6DIHW\DQG+HDOWK
$VSUHVFULEHGLQ++6$5WKH&RQWUDFWLQJ2IILFHUVKDOOLQVHUWWKHIROORZLQJFODXVH
6DIHW\DQG+HDOWK '(&
D 7RKHOSHQVXUHWKHSURWHFWLRQRIWKHOLIHDQGKHDOWKRIDOOSHUVRQVDQGWRKHOSSUHYHQWGDPDJHWR
SURSHUW\WKH&RQWUDFWRUVKDOOFRPSO\ZLWKDOO)HGHUDO6WDWHDQGORFDOODZVDQGUHJXODWLRQV
DSSOLFDEOHWRWKHZRUNEHLQJSHUIRUPHGXQGHUWKLVFRQWUDFW7KHVHODZVDUHLPSOHPHQWHGRU
HQIRUFHGE\WKH(QYLURQPHQWDO3URWHFWLRQ$JHQF\2FFXSDWLRQDO6DIHW\DQG+HDOWK$GPLQLVWUDWLRQ
26+$ DQGRWKHUUHJXODWRU\HQIRUFHPHQWDJHQFLHVDWWKH)HGHUDO6WDWHDQGORFDOOHYHOV
,QDGGLWLRQWKH&RQWUDFWRUVKDOOFRPSO\ZLWKWKHIROORZLQJUHJXODWLRQVZKHQGHYHORSLQJDQG
LPSOHPHQWLQJKHDOWKDQGVDIHW\RSHUDWLQJSURFHGXUHVDQGSUDFWLFHVIRUERWKSHUVRQQHODQGIDFLOLWLHV
LQYROYLQJWKHXVHRUKDQGOLQJRIKD]DUGRXVPDWHULDOVDQGWKHFRQGXFWRIUHVHDUFKGHYHORSPHQWRU
WHVWSURMHFWV
L &)5%ORRGERUQHSDWKRJHQV&)52FFXSDWLRQDOH[SRVXUHWR
KD]DUGRXVFKHPLFDOVLQODERUDWRULHVDQGRWKHUDSSOLFDEOHRFFXSDWLRQDOKHDOWKDQGVDIHW\VWDQGDUGV
LVVXHGE\26+$DQGLQFOXGHGLQ&)5SDUW7KHVHUHJXODWLRQVDUHDYDLODEOHDW
KWWSVZZZRVKDJRY
LL 1XFOHDU5HJXODWRU\&RPPLVVLRQ6WDQGDUGVDQG5HJXODWLRQVSXUVXDQWWRWKH(QHUJ\
5HRUJDQL]DWLRQ$FWRI 86&HWVHT 7KH&RQWUDFWRUPD\REWDLQFRSLHVIURPWKH86
1XFOHDU5HJXODWRU\&RPPLVVLRQ:DVKLQJWRQ'&
7KHIROORZLQJ*RYHUQPHQWJXLGHOLQHVDUHUHFRPPHQGHGIRUGHYHORSLQJDQGLPSOHPHQWLQJKHDOWK
DQGVDIHW\RSHUDWLQJSURFHGXUHVDQGSUDFWLFHVIRUERWKSHUVRQQHODQGIDFLOLWLHV
L %LRVDIHW\LQ0LFURELRORJLFDODQG%LRPHGLFDO/DERUDWRULHV&'&7KLVSXEOLFDWLRQLVDYDLODEOHDW
KWWSZZZFGFJRYELRVDIHW\SXEOLFDWLRQVLQGH[KWP
LL 3UXGHQW3UDFWLFHVIRU6DIHW\LQ/DERUDWRULHV 1DWLRQDO5HVHDUFK&RXQFLO1DWLRQDO
$FDGHP\3UHVV)LIWK6WUHHW1:/RFNER[:DVKLQJWRQ'& ,6%1 7KLVSXEOLFDWLRQLVDYDLODEOHDW
KWWSZZZQDSHGXFDWDORJSUXGHQWSUDFWLFHVLQWKHODERUDWRU\KDQc
E )XUWKHUWKH&RQWUDFWRUVKDOOWDNHRUFDXVHWREHWDNHQDGGLWLRQDOVDIHW\PHDVXUHVDVWKH
&RQWUDFWLQJ2IILFHULQFRQMXQFWLRQZLWKWKH&RQWUDFWLQJ2IILFHU V5HSUHVHQWDWLYHRURWKHU
DSSURSULDWHRIILFLDOVGHWHUPLQHVWREHUHDVRQDEO\QHFHVVDU\,IFRPSOLDQFHZLWKWKHVHDGGLWLRQDO
VDIHW\PHDVXUHVUHVXOWVLQDQLQFUHDVHRUGHFUHDVHLQWKHFRVWRUWLPHUHTXLUHGIRUSHUIRUPDQFHRI
DQ\SDUWRIZRUNXQGHUWKLVFRQWUDFWWKH&RQWUDFWLQJ2IILFHUZLOOPDNHDQHTXLWDEOHDGMXVWPHQWLQ
DFFRUGDQFHZLWKWKHDSSOLFDEOHd&KDQJHVeFODXVHVHWIRUWKLQWKLVFRQWUDFW
F 7KH&RQWUDFWRUVKDOOPDLQWDLQDQDFFXUDWHUHFRUGRIDQGSURPSWO\UHSRUWWRWKH&RQWUDFWLQJ
2IILFHUDOODFFLGHQWVRULQFLGHQWVUHVXOWLQJLQWKHH[SRVXUHRISHUVRQVWRWR[LFVXEVWDQFHVKD]DUGRXV
PDWHULDOVRUKD]DUGRXVRSHUDWLRQVWKHLQMXU\RUGHDWKRIDQ\SHUVRQRUGDPDJHWRSURSHUW\
LQFLGHQWDOWRZRUNSHUIRUPHGXQGHUWKHFRQWUDFWUHVXOWLQJIURPWR[LFRUKD]DUGRXVPDWHULDOVDQG
UHVXOWLQJLQDQ\RUDOOYLRODWLRQVIRUZKLFKWKH&RQWUDFWRUKDVEHHQFLWHGE\DQ\)HGHUDO6WDWHRU
ORFDOUHJXODWRU\HQIRUFHPHQWDJHQF\7KHUHSRUWFLWLQJDOODFFLGHQWVRULQFLGHQWVUHVXOWLQJLQWKH
H[SRVXUHRISHUVRQVWRWR[LFVXEVWDQFHVKD]DUGRXVPDWHULDOVRUKD]DUGRXVRSHUDWLRQVWKHLQMXU\RU
GHDWKRIDQ\SHUVRQRUGDPDJHWRSURSHUW\LQFLGHQWDOWRZRUNSHUIRUPHGXQGHUWKHFRQWUDFW
UHVXOWLQJIURPWR[LFRUKD]DUGRXVPDWHULDOVDQGUHVXOWLQJLQDQ\RUDOOYLRODWLRQVIRUZKLFKWKH
&RQWUDFWRUKDVEHHQFLWHGVKDOOLQFOXGHDFRS\RIWKHQRWLFHRIYLRODWLRQDQGWKHILQGLQJVRIDQ\
LQTXLU\RULQVSHFWLRQDQGDQDQDO\VLVDGGUHVVLQJWKHLPSDFWWKHVHYLRODWLRQVPD\KDYHRQWKHZRUN
UHPDLQLQJWREHSHUIRUPHG7KHUHSRUWVKDOODOVRVWDWHWKHUHTXLUHGDFWLRQ V LIDQ\WREHWDNHQWR
FRUUHFWDQ\YLRODWLRQ V QRWHGE\WKH)HGHUDO6WDWHRUORFDOUHJXODWRU\HQIRUFHPHQWDJHQF\DQGWKH
WLPHIUDPHDOORZHGE\WKHDJHQF\WRDFFRPSOLVKWKHQHFHVVDU\FRUUHFWLYHDFWLRQ
G ,IWKH&RQWUDFWRUIDLOVRUUHIXVHVWRFRPSO\ZLWKWKH)HGHUDO6WDWHRUORFDO
UHJXODWRU\HQIRUFHPHQWDJHQF\ VGLUHFWLYH V UHJDUGLQJDQ\YLRODWLRQ V DQGSUHVFULEHGFRUUHFWLYH
DFWLRQ V WKH&RQWUDFWLQJ2IILFHUPD\LVVXHDQRUGHUVWRSSLQJDOORUSDUWRIWKHZRUNXQWLO
VDWLVIDFWRU\FRUUHFWLYHDFWLRQ DVDSSURYHGE\WKH)HGHUDO6WDWHRUORFDOUHJXODWRU\HQIRUFHPHQW
DJHQFLHV KDVEHHQWDNHQDQGGRFXPHQWHGWRWKH&RQWUDFWLQJ2IILFHU1RSDUWRIWKHWLPHORVWGXHWR
DQ\VXFKVWRSZRUNRUGHUVKDOOIRUPWKHEDVLVIRUDUHTXHVWIRUH[WHQVLRQRUFRVWVRUGDPDJHVE\WKH
&RQWUDFWRU
H 7KH&RQWUDFWRUVKDOOLQVHUWWKHVXEVWDQFHRIWKLVFODXVHLQHDFKVXEFRQWUDFWLQYROYLQJWR[LF
VXEVWDQFHVKD]DUGRXVPDWHULDOVRUKD]DUGRXVRSHUDWLRQV7KH&RQWUDFWRULVUHVSRQVLEOHIRUWKH
FRPSOLDQFHRILWVVXEFRQWUDFWRUVZLWKWKHSURYLVLRQVRIWKLVFODXVH
(QGRIFODXVH
,QVWUXFWLRQVWR2IIHURUV6XVWDLQDEOH$FTXLVLWLRQ
$VSUHVFULEHGLQ++6$5WKH&RQWUDFWLQJ2IILFHUVKDOOLQVHUWWKHIROORZLQJSURYLVLRQ
,QVWUXFWLRQVWR2IIHURUV6XVWDLQDEOH$FTXLVLWLRQ '(&
2IIHURUVPXVWLQFOXGHD6XVWDLQDEOH$FTXLVLWLRQ3ODQLQWKHLUWHFKQLFDOSURSRVDOV7KH3ODQPXVW
GHVFULEHWKHLUDSSURDFKDQGWKHTXDOLW\DVVXUDQFHPHFKDQLVPVLQSODFHIRUDSSO\LQJ)$5
6XVWDLQDEOH$FTXLVLWLRQ3ROLF\ DQGRWKHU)HGHUDOODZVUHJXODWLRQVDQG([HFXWLYH2UGHUVJRYHUQLQJ
VXVWDLQDEOHDFTXLVLWLRQSXUFKDVLQJ WRWKLVDFTXLVLWLRQ7KH3ODQVKDOOFOHDUO\LGHQWLI\WKRVHSURGXFWV
DQGVHUYLFHVLQFOXGHGLQ)HGHUDOVXVWDLQDEOHDFTXLVLWLRQSUHIHUHQFHSURJUDPVE\FDWHJRUL]LQJWKHP
DORQJZLWKWKHLUUHVSHFWLYHSULFHFRVWLQWKHIROORZLQJHLJKWJURXSV5HF\FOHG&RQWHQW(QHUJ\
(IILFLHQW%LREDVHG(QYLURQPHQWDOO\3UHIHUDEOH(OHFWURQLF3URGXFW(QYLURQPHQW$VVHVVPHQW7RRO
:DWHU(IILFLHQW1RQ2]RQH'HSOHWLQJ6XEVWDQFHVDQG$OWHUQDWLYH)XHO9HKLFOHDQG$OWHUQDWLYH
)XHOV
(QGRISURYLVLRQ
3ULYDF\$FW
$VSUHVFULEHGLQ++6$5 D WKH&RQWUDFWLQJ2IILFHUVKDOOLQVHUWWKHIROORZLQJFODXVH
3ULYDF\$FW '(&
7KLVFRQWUDFWUHTXLUHVWKH&RQWUDFWRUWRSHUIRUPRQHRUPRUHRIWKHIROORZLQJ D 'HVLJQ E
GHYHORSRU F RSHUDWHD)HGHUDODJHQF\V\VWHPRIUHFRUGVWRDFFRPSOLVKDQDJHQF\IXQFWLRQLQ
DFFRUGDQFHZLWKWKH3ULYDF\$FWRI $FW 86&D P DQGDSSOLFDEOHDJHQF\
UHJXODWLRQV
7KHWHUPV\VWHPRIUHFRUGVPHDQVDJURXSRIDQ\UHFRUGVXQGHUWKHFRQWURORIDQ\DJHQF\IURP
ZKLFKLQIRUPDWLRQLVUHWULHYHGE\WKHQDPHRIWKHLQGLYLGXDORUE\VRPHLGHQWLI\LQJQXPEHUV\PERO
RURWKHULGHQWLI\LQJSDUWLFXODUDVVLJQHGWRWKHLQGLYLGXDO9LRODWLRQVRIWKH$FWE\WKH&RQWUDFWRU
DQGRULWVHPSOR\HHVPD\UHVXOWLQWKHLPSRVLWLRQRIFULPLQDOSHQDOWLHV 86&D L 7KH&RQWUDFWRUVKDOOHQVXUHWKDWHDFKRILWVHPSOR\HHVNQRZVWKHSUHVFULEHGUXOHVRIFRQGXFWLQ
&)5SDUWEDQGWKDWHDFKHPSOR\HHLVDZDUHWKDWKHVKHLVVXEMHFWWRFULPLQDOSHQDOWLHVIRU
YLRODWLRQRIWKH$FWWRWKHVDPHH[WHQWDV'HSDUWPHQWRI+HDOWKDQG+XPDQ6HUYLFHVHPSOR\HHV
7KHVHSURYLVLRQVDOVRDSSO\WRDOOVXEFRQWUDFWVWKH&RQWUDFWRUDZDUGVXQGHUWKLVFRQWUDFWZKLFK
UHTXLUHWKHGHVLJQGHYHORSPHQWRURSHUDWLRQRIWKHGHVLJQDWHGV\VWHP V RIUHFRUGV 86&
D P 7KHFRQWUDFWZRUNVWDWHPHQW
D ,GHQWLILHVWKHV\VWHP V RIUHFRUGVDQGWKHGHVLJQGHYHORSPHQWRURSHUDWLRQZRUNWKH
&RQWUDFWRULVWRSHUIRUPDQG
E 6SHFLILHVWKHGLVSRVLWLRQWREHPDGHRIVXFKUHFRUGVXSRQFRPSOHWLRQRIFRQWUDFWSHUIRUPDQFH
(QGRIFODXVH
&RQILGHQWLDO,QIRUPDWLRQ
$VSUHVFULEHGLQ++6$5 E LQVHUWWKHIROORZLQJFODXVH
&RQILGHQWLDO,QIRUPDWLRQ '(&
D &RQILGHQWLDO,QIRUPDWLRQDVXVHGLQWKLVFODXVHPHDQVLQIRUPDWLRQRUGDWDRIDSHUVRQDOQDWXUH
DERXWDQLQGLYLGXDORUSURSULHWDU\LQIRUPDWLRQRUGDWDVXEPLWWHGE\RUSHUWDLQLQJWRDQLQVWLWXWLRQRU
RUJDQL]DWLRQ
E 6SHFLILFLQIRUPDWLRQRUFDWHJRULHVRILQIRUPDWLRQWKDWWKH*RYHUQPHQWZLOOIXUQLVKWRWKH
&RQWUDFWRURUWKDWWKH&RQWUDFWRULVH[SHFWHGWRJHQHUDWHZKLFKDUHFRQILGHQWLDOPD\EHLGHQWLILHG
HOVHZKHUHLQWKLVFRQWUDFW7KH&RQWUDFWLQJ2IILFHUPD\PRGLI\WKLVFRQWUDFWWRLGHQWLI\&RQILGHQWLDO
,QIRUPDWLRQIURPWLPHWRWLPHGXULQJSHUIRUPDQFH
F &RQILGHQWLDO,QIRUPDWLRQRUUHFRUGVVKDOOQRWEHGLVFORVHGE\WKH&RQWUDFWRUXQWLO
:ULWWHQDGYDQFHQRWLFHRIDWOHDVWGD\VVKDOOEHSURYLGHGWRWKH&RQWUDFWLQJ2IILFHURIWKH
&RQWUDFWRU VLQWHQWWRUHOHDVHILQGLQJVRIVWXGLHVRUUHVHDUFKWRZKLFKDQDJHQF\UHVSRQVHPD\EH
DSSURSULDWHWRSURWHFWWKHSXEOLFLQWHUHVWRUWKDWRIWKHDJHQF\
)RULQIRUPDWLRQSURYLGHGE\RURQEHKDOIRIWKHJRYHUQPHQW
L 7KHSXEOLFDWLRQRUGLVVHPLQDWLRQRIWKHIROORZLQJW\SHVRILQIRUPDWLRQDUHUHVWULFWHGXQGHUWKLV
FRQWUDFW>,16(575(675,&7('7<3(62),1)250$7,21,)121(6267$7(@
LL 7KHUHDVRQ V IRUUHVWULFWLQJWKHW\SHVRILQIRUPDWLRQLGHQWLILHGLQVXESDUDJUDSK L LVDUH
>67$7(:+<7+(38%/,&25*29(510(17,17(5(675(48,5(67+(5(675,&7,212)($&+
7<3(2),1)250$7,21$1<%$6,6)25121',6&/2685(:+,&+:28/'%(9$/,'81'(5
7+()5(('202),1)250$7,21$&7,668)),&,(1781'(57+,6&/$86(@
LLL :ULWWHQDGYDQFHQRWLFHRIDWOHDVWGD\VVKDOOEHSURYLGHGWRWKH&RQWUDFWLQJ2IILFHURIWKH
&RQWUDFWRU VLQWHQWWRGLVVHPLQDWHRUSXEOLVKLQIRUPDWLRQLGHQWLILHGLQVXESDUDJUDSK L 7KH
FRQWUDFWRUVKDOOQRWGLVVHPLQDWHRUSXEOLVKVXFKLQIRUPDWLRQZLWKRXWWKHZULWWHQFRQVHQWRIWKH
&RQWUDFWLQJ2IILFHU
G :KHQHYHUWKH&RQWUDFWRULVXQFHUWDLQZLWKUHJDUGWRWKHFRQILGHQWLDOLW\RIRUDSURSHUW\LQWHUHVW
LQLQIRUPDWLRQXQGHUWKLVFRQWUDFWWKH&RQWUDFWRUVKRXOGFRQVXOWZLWKWKH&RQWUDFWLQJ2IILFHUSULRU
WRDQ\UHOHDVHGLVFORVXUHGLVVHPLQDWLRQRUSXEOLFDWLRQ
,QGLDQ3UHIHUHQFH
$VSUHVFULEHGLQ++6$5 D WKH&RQWUDFWLQJ2IILFHUVKDOOLQVHUWWKHIROORZLQJFODXVH
,QGLDQ3UHIHUHQFH '(&
D 7KH&RQWUDFWRUDJUHHVWRJLYHSUHIHUHQFHLQHPSOR\PHQWRSSRUWXQLWLHVXQGHUWKLVFRQWUDFWWR
,QGLDQVZKRFDQSHUIRUPUHTXLUHGZRUNUHJDUGOHVVRIDJH VXEMHFWWRH[LVWLQJODZVDQGUHJXODWLRQV VH[UHOLJLRQRUWULEDODIILOLDWLRQ7RWKHH[WHQWIHDVLEOHDQGFRQVLVWHQWZLWKWKHHIILFLHQWSHUIRUPDQFH
RIWKLVFRQWUDFWWKH&RQWUDFWRUIXUWKHUDJUHHVWRJLYHSUHIHUHQFHLQHPSOR\PHQWDQGWUDLQLQJ
RSSRUWXQLWLHVXQGHUWKLVFRQWUDFWWR,QGLDQVZKRDUHQRWIXOO\TXDOLILHGWRSHUIRUPUHJDUGOHVVRIDJH
VXEMHFWWRH[LVWLQJODZVDQGUHJXODWLRQV VH[UHOLJLRQRUWULEDODIILOLDWLRQ7KH&RQWUDFWRUDOVR
DJUHHVWRJLYHSUHIHUHQFHWR,QGLDQRUJDQL]DWLRQVDQG,QGLDQRZQHGHFRQRPLFHQWHUSULVHVLQWKH
DZDUGLQJRIDQ\VXEFRQWUDFWVWRWKHH[WHQWIHDVLEOHDQGFRQVLVWHQWZLWKWKHHIILFLHQWSHUIRUPDQFHRI
WKLVFRQWUDFW7KH&RQWUDFWRUVKDOOPDLQWDLQWKHQHFHVVDU\VWDWLVWLFDOUHFRUGVWRGHPRQVWUDWH
FRPSOLDQFHZLWKWKLVSDUDJUDSK
E ,QFRQQHFWLRQZLWKWKH,QGLDQHPSOR\PHQWSUHIHUHQFHUHTXLUHPHQWVRIWKLVFODXVHWKH&RQWUDFWRU
VKDOOSURYLGHUHDVRQDEOHRSSRUWXQLWLHVIRUWUDLQLQJLQFLGHQWWRVXFKHPSOR\PHQW6XFKWUDLQLQJVKDOO
LQFOXGHRQWKHMREFODVVURRPRUDSSUHQWLFHVKLSWUDLQLQJGHVLJQHGWRLQFUHDVHWKHYRFDWLRQDO
HIIHFWLYHQHVVRIDQ,QGLDQHPSOR\HH
F ,IWKH&RQWUDFWRULVXQDEOHWRILOOLWVHPSOR\PHQWDQGWUDLQLQJRSSRUWXQLWLHVDIWHUJLYLQJIXOO
FRQVLGHUDWLRQWR,QGLDQVDVUHTXLUHGE\WKLVFODXVHWKH&RQWUDFWRUPD\VDWLVI\WKRVHQHHGVE\
VHOHFWLQJQRQ,QGLDQSHUVRQVLQDFFRUGDQFHZLWKWKHFODXVHRIWKLVFRQWUDFWHQWLWOHGd(TXDO
2SSRUWXQLW\e
G ,IQR,QGLDQRUJDQL]DWLRQVRU,QGLDQRZQHGHFRQRPLFHQWHUSULVHVDUHDYDLODEOHXQGHUUHDVRQDEOH
WHUPVDQGFRQGLWLRQVLQFOXGLQJSULFHIRUDZDUGLQJRIVXEFRQWUDFWVLQFRQQHFWLRQZLWKWKHZRUN
SHUIRUPHGXQGHUWKLVFRQWUDFWWKH&RQWUDFWRUDJUHHVWRFRPSO\ZLWKWKHSURYLVLRQVRIWKLVFRQWUDFW
LQYROYLQJXWLOL]DWLRQRIVPDOOEXVLQHVVHV+8%=RQHVPDOOEXVLQHVVHVVHUYLFHGLVDEOHGYHWHUDQ
RZQHGVPDOOEXVLQHVVHV D VPDOOEXVLQHVVHVYHWHUDQRZQHGVPDOOEXVLQHVVHVZRPHQRZQHG
VPDOOEXVLQHVVHVRUVPDOOGLVDGYDQWDJHGEXVLQHVVHV
H $VXVHGLQWKLVFODXVH
,QGLDQPHDQVDSHUVRQZKRLVDPHPEHURIDQ,QGLDQWULEH,IWKH&RQWUDFWRUKDVUHDVRQWRGRXEW
WKDWDSHUVRQVHHNLQJHPSOR\PHQWSUHIHUHQFHLVDQ,QGLDQWKH&RQWUDFWRUVKDOOJUDQWWKHSUHIHUHQFH
EXWVKDOOUHTXLUHWKHLQGLYLGXDOSURYLGHHYLGHQFHZLWKLQGD\VIURPWKHWULEHFRQFHUQHGWKDWWKH
SHUVRQLVDPHPEHURIWKHWULEH
,QGLDQWULEHPHDQVDQ,QGLDQWULEHSXHEOREDQGQDWLRQRURWKHURUJDQL]HGJURXSRUFRPPXQLW\
LQFOXGLQJ$ODVND1DWLYHYLOODJHRUUHJLRQDORUYLOODJHFRUSRUDWLRQDVGHILQHGLQRUHVWDEOLVKHG
SXUVXDQWWRWKH$ODVND1DWLYH&ODLPV6HWWOHPHQW$FW 6WDW86& ZKLFKWKH
8QLWHG6WDWHVUHFRJQL]HVDVHOLJLEOHIRUWKHVSHFLDOSURJUDPVDQGVHUYLFHVSURYLGHGWR,QGLDQV
EHFDXVHRILWVVWDWXVDV,QGLDQV
,QGLDQRUJDQL]DWLRQPHDQVWKHJRYHUQLQJERG\RIDQ\,QGLDQ7ULEHRUHQWLW\HVWDEOLVKHGRU
UHFRJQL]HGE\VXFKJRYHUQLQJERG\LQDFFRUGDQFHZLWKWKH,QGLDQ)LQDQFLQJ$FWRI 6WDW
86& ,QGLDQRZQHGHFRQRPLFHQWHUSULVHPHDQVDQ\,QGLDQRZQHGFRPPHUFLDOLQGXVWULDORUEXVLQHVV
DFWLYLW\HVWDEOLVKHGRURUJDQL]HGIRUWKHSXUSRVHRISURILWSURYLGHGWKDWVXFK,QGLDQRZQHUVKLSVKDOO
FRQVWLWXWHQRWOHVVWKDQSHUFHQWRIWKHHQWHUSULVHDQGWKDWRZQHUVKLSVKDOOHQFRPSDVVDFWLYH
RSHUDWLRQDQGFRQWURORIWKHHQWHUSULVH
I 7KH&RQWUDFWRUDJUHHVWRLQFOXGHWKHSURYLVLRQVRIWKLVFODXVHLQFOXGLQJWKLVSDUDJUDSK I RIWKLV
FODXVHLQHDFKVXEFRQWUDFWDZDUGHGDWDQ\WLHUXQGHUWKLVFRQWUDFW
J ,QWKHHYHQWRIQRQFRPSOLDQFHZLWKWKLVFODXVHWKH&RQWUDFWLQJ2IILFHUPD\WHUPLQDWHWKH
FRQWUDFWLQZKROHRULQSDUWRUPD\SXUVXHDQ\RWKHUUHPHGLHVDXWKRUL]HGE\ODZRUE\RWKHU
SURYLVLRQVRIWKHFRQWUDFW
(QGRIFODXVH
,QGLDQ3UHIHUHQFH3URJUDP
$VSUHVFULEHGLQ++6$5 E WKH&RQWUDFWLQJ2IILFHUVKDOOLQVHUWWKHIROORZLQJFODXVH
,QGLDQ3UHIHUHQFH3URJUDP '(&
D ,QDGGLWLRQWRWKHUHTXLUHPHQWVRIWKHFODXVHRIWKLVFRQWUDFWHQWLWOHGd,QGLDQ3UHIHUHQFHeWKH
&RQWUDFWRUDJUHHVWRHVWDEOLVKDQGFRQGXFWDQ,QGLDQSUHIHUHQFHSURJUDPZKLFKZLOOH[SDQG
RSSRUWXQLWLHVIRU,QGLDQVWRUHFHLYHSUHIHUHQFHIRUHPSOR\PHQWDQGWUDLQLQJLQFRQQHFWLRQZLWKWKH
ZRUNSHUIRUPHGXQGHUWKLVFRQWUDFWDQGZKLFKZLOOH[SDQGWKHRSSRUWXQLWLHVIRU,QGLDQ
RUJDQL]DWLRQVDQG,QGLDQRZQHGHFRQRPLFHQWHUSULVHVWRUHFHLYHDSUHIHUHQFHLQWKHDZDUGLQJRI
VXEFRQWUDFWV,QWKLVFRQQHFWLRQWKH&RQWUDFWRUVKDOOSHUIRUPWKHIROORZLQJ
'HVLJQDWHDOLDLVRQRIILFHUZKRZLOOPDLQWDLQOLDLVRQZLWKWKH*RYHUQPHQWDQGWKH7ULEH V RQ
,QGLDQSUHIHUHQFHPDWWHUVVXSHUYLVHFRPSOLDQFHZLWKWKHSURYLVLRQVRIWKLVFODXVHDQGDGPLQLVWHU
WKH&RQWUDFWRU V,QGLDQSUHIHUHQFHSURJUDP
$GYLVHLWVUHFUXLWPHQWVRXUFHVLQZULWLQJDQGLQFOXGHDVWDWHPHQWLQDOOHPSOR\PHQW
DGYHUWLVHPHQWVWKDW,QGLDQDSSOLFDQWVUHFHLYHSUHIHUHQFHLQHPSOR\PHQWDQGWUDLQLQJLQFLGHQWWR
VXFKHPSOR\PHQW
1RWPRUHWKDQFDOHQGDUGD\VDIWHUDZDUGRIWKHFRQWUDFWSRVWDZULWWHQQRWLFHVHWWLQJIRUWK
WKH&RQWUDFWRU VHPSOR\PHQWQHHGVDQGUHODWHGWUDLQLQJRSSRUWXQLWLHVLQWKHWULEDORIILFHRIDQ\
UHVHUYDWLRQVRQRUQHDUWKHFRQWUDFWZRUNORFDWLRQ7KHQRWLFHVKDOOLQFOXGHWKHDSSUR[LPDWH
QXPEHUVDQGW\SHVRIHPSOR\HHVQHHGHGWKHDSSUR[LPDWHGDWHVRIHPSOR\PHQWDQ\H[SHULHQFHRU
VSHFLDOVNLOOVUHTXLUHGIRUHPSOR\PHQWWUDLQLQJRSSRUWXQLWLHVDYDLODEOHDQGRWKHUSHUWLQHQW
LQIRUPDWLRQQHFHVVDU\WRDGYLVHSURVSHFWLYHHPSOR\HHVRIDQ\RWKHUHPSOR\PHQWUHTXLUHPHQWV7KH
&RQWUDFWRUVKDOODOVRUHTXHVWWKHWULEH V RQRUQHDUZKRVHUHVHUYDWLRQ V WKH&RQWUDFWRUZLOO
SHUIRUPFRQWUDFWZRUNWRSURYLGHDVVLVWDQFHILOOLQJLWVHPSOR\PHQWQHHGVDQGWUDLQLQJRSSRUWXQLWLHV
7KH&RQWUDFWLQJ2IILFHUZLOODGYLVHWKH&RQWUDFWRURIWKHQDPHORFDWLRQDQGSKRQHQXPEHURIWKH
7ULEDORIILFLDOVWRFRQWDFWUHJDUGLQJWKHSRVWLQJRIQRWLFHVDQGUHTXHVWVIRU7ULEDODVVLVWDQFH
(VWDEOLVKDQGFRQGXFWDVXEFRQWUDFWLQJSURJUDPZKLFKJLYHVSUHIHUHQFHWR,QGLDQRUJDQL]DWLRQV
DQG,QGLDQRZQHGHFRQRPLFHQWHUSULVHVDVVXEFRQWUDFWRUV LQFOXGLQJVXSSOLHUV XQGHUWKLVFRQWUDFW
7KH&RQWUDFWRUVKDOOJLYHSXEOLFQRWLFHRIH[LVWLQJVXEFRQWUDFWLQJRSSRUWXQLWLHVDQGWRWKHH[WHQW
IHDVLEOHDQGFRQVLVWHQWZLWKWKHHIILFLHQWSHUIRUPDQFHRIWKLVFRQWUDFWVKDOOVROLFLWELGVRUSURSRVDOV
IURP,QGLDQRUJDQL]DWLRQVRU,QGLDQRZQHGHFRQRPLFHQWHUSULVHVRQO\7KH&RQWUDFWRUVKDOOUHTXHVW
DVVLVWDQFHDQGLQIRUPDWLRQRQ,QGLDQILUPVTXDOLILHGDVVXEFRQWUDFWRUV LQFOXGLQJVXSSOLHUV IURPWKH
7ULEH V RQRUQHDUZKRVHUHVHUYDWLRQ V WKH&RQWUDFWRUZLOOSHUIRUPFRQWUDFWZRUN7KH&RQWUDFWLQJ
2IILFHUZLOODGYLVHWKH&RQWUDFWRURIWKHQDPHORFDWLRQDQGSKRQHQXPEHURIWKH7ULEDORIILFLDOVWR
FRQWDFWUHJDUGLQJWKHUHTXHVWIRUDVVLVWDQFHDQGLQIRUPDWLRQ3XEOLFQRWLFHVDQGVROLFLWDWLRQVIRU
H[LVWLQJVXEFRQWUDFWLQJRSSRUWXQLWLHVVKDOOSURYLGHDQHTXLWDEOHRSSRUWXQLW\IRU,QGLDQILUPVWR
VXEPLWELGVRUSURSRVDOVE\LQFOXGLQJ
L $FOHDUGHVFULSWLRQRIWKHVXSSOLHVRUVHUYLFHVUHTXLUHGLQFOXGLQJTXDQWLWLHVVSHFLILFDWLRQVDQG
GHOLYHU\VFKHGXOHVWKDWIDFLOLWDWHWKHSDUWLFLSDWLRQRI,QGLDQILUPV
LL $VWDWHPHQWLQGLFDWLQJWKDW,QGLDQRUJDQL]DWLRQVDQG,QGLDQRZQHGHFRQRPLFHQWHUSULVHVZLOO
UHFHLYHSUHIHUHQFHLQDFFRUGDQFHZLWKVHFWLRQ E RI3XEOLF/DZ6WDW86&
H E LLL 'HILQLWLRQVIRUWKHWHUPVd,QGLDQRUJDQL]DWLRQeDQGd,QGLDQRZQHGHFRQRPLFHQWHUSULVHe
SUHVFULEHGXQGHUWKHd,QGLDQ3UHIHUHQFHeFODXVHRIWKLVFRQWUDFW
LY $VWDWHPHQWWKDWWKHELGGHURURIIHURUVKDOOFRPSOHWHFHUWLI\LQJWKDWLWLVDQ,QGLDQRUJDQL]DWLRQ
RU,QGLDQRZQHGHFRQRPLFHQWHUSULVHDQG
Y $FORVLQJGDWHIRUUHFHLSWRIELGVRUSURSRVDOVZKLFKSURYLGHVVXIILFLHQWWLPHIRUSUHSDUDWLRQDQG
VXEPLVVLRQRIDELGRUSURSRVDO,IDIWHUVROLFLWLQJELGVRUSURSRVDOVIURP,QGLDQRUJDQL]DWLRQVDQG
,QGLDQRZQHGHFRQRPLFHQWHUSULVHVWKH&RQWUDFWRUUHFHLYHVQRUHVSRQVLYHELGRUDFFHSWDEOH
SURSRVDOWKH&RQWUDFWRUVKDOOFRPSO\ZLWKWKHUHTXLUHPHQWVRISDUDJUDSK G RIWKHd,QGLDQ
3UHIHUHQFHeFODXVHRIWKLVFRQWUDFW,IWKH&RQWUDFWRUUHFHLYHVRQHRUPRUHUHVSRQVLYHELGVRU
FRQIRUPLQJSURSRVDOVWKH&RQWUDFWRUVKDOODZDUGWKHFRQWUDFWWRWKHORZUHVSRQVLYHUHVSRQVLEOH
ELGGHURUFRQIRUPLQJRIIHUIURPDUHVSRQVLEOHRIIHURULIWKHSULFHLVUHDVRQDEOH,IWKH&RQWUDFWRU
GHWHUPLQHVWKHORZUHVSRQVLYHELGRUFRQIRUPLQJSURSRVDO VSULFHLVXQUHDVRQDEOHWKH&RQWUDFWRU
VKDOODWWHPSWWRQHJRWLDWHDUHDVRQDEOHSULFHDQGDZDUGDVXEFRQWUDFW,ISDUWLHVFDQQRWDJUHHRQD
UHDVRQDEOHSULFHWKH&RQWUDFWRUVKDOOFRPSO\ZLWKWKHUHTXLUHPHQWVRISDUDJUDSK G RIWKHd,QGLDQ
3UHIHUHQFHeFODXVHRIWKLVFRQWUDFW
0DLQWDLQZULWWHQUHFRUGVXQGHUWKLVFRQWUDFWZKLFKGHPRQVWUDWH
L 7KHQXPEHUVRI,QGLDQVVHHNLQJHPSOR\PHQWIRUHDFKHPSOR\PHQWSRVLWLRQDYDLODEOHXQGHUWKLV
FRQWUDFW
LL 7KHQXPEHUDQGW\SHVRISRVLWLRQVILOOHGE\,QGLDQVDQGQRQ,QGLDQV
LLL 7KHWRWDOQXPEHURI,QGLDQVHPSOR\HGXQGHUWKLVFRQWUDFW
LY )RUWKRVHSRVLWLRQVKDYLQJERWK,QGLDQDQGQRQ,QGLDQDSSOLFDQWVDQGDQRQ,QGLDQLVVHOHFWHG
IRUHPSOR\PHQWWKHUHDVRQ V ZK\WKH&RQWUDFWRUGLGQRWVHOHFWWKH,QGLDQDSSOLFDQW
Y $FWLRQVWDNHQWRJLYHSUHIHUHQFHWR,QGLDQRUJDQL]DWLRQVDQG,QGLDQRZQHGHFRQRPLFHQWHUSULVHV
IRUVXEFRQWUDFWLQJRSSRUWXQLWLHVZKLFKH[LVWXQGHUWKLVFRQWUDFW
YL 5HDVRQVZK\,QGLDQVXEFRQWUDFWRUVDQGRUVXSSOLHUVGLGQRWUHFHLYHSUHIHUHQFHIRUHDFK
UHTXLUHPHQWZKHUHWKH&RQWUDFWRUGHWHUPLQHGWKDWVXFKSUHIHUHQFHZDVLQFRQVLVWHQWZLWKHIILFLHQW
FRQWUDFWSHUIRUPDQFHDQG
YLL 7KHQXPEHURI,QGLDQRUJDQL]DWLRQVDQG,QGLDQRZQHGHFRQRPLFHQWHUSULVHVFRQWDFWHGDQGWKH
QXPEHUUHFHLYLQJVXEFRQWUDFWDZDUGVXQGHUWKLVFRQWUDFW
6XEPLWWRWKH&RQWUDFWLQJ2IILFHUIRUDSSURYDODTXDUWHUO\UHSRUWVXPPDUL]LQJWKH&RQWUDFWRU V
,QGLDQSUHIHUHQFHSURJUDPDQGLQGLFDWLQJWKHQXPEHUDQGW\SHVRIDYDLODEOHSRVLWLRQVILOOHGE\
,QGLDQVDQGQRQ,QGLDQVDQGWKHGROODUDPRXQWVRIDOOVXEFRQWUDFWVDZDUGHGWR,QGLDQRUJDQL]DWLRQV
DQG,QGLDQRZQHGHFRQRPLFHQWHUSULVHVDQGWRDOORWKHUILUPV
0DLQWDLQUHFRUGVSXUVXDQWWRWKLVFODXVHDQGNHHSWKHPDYDLODEOHIRUUHYLHZE\WKH*RYHUQPHQW
IRURQH\HDUDIWHUILQDOSD\PHQWXQGHUWKLVFRQWUDFWRUIRUVXFKORQJHUSHULRGLQDFFRUGDQFHZLWK
UHTXLUHPHQWVRIDQ\RWKHUFODXVHRIWKLVFRQWUDFWRUE\DSSOLFDEOHODZRUUHJXODWLRQ
E )RUSXUSRVHVRIWKLVFODXVHWKHIROORZLQJGHILQLWLRQVRIWHUPVVKDOODSSO\
7KHWHUPV,QGLDQ,QGLDQWULEH,QGLDQRUJDQL]DWLRQDQG,QGLDQRZQHGHFRQRPLFHQWHUSULVHDUH
GHILQHGLQWKHFODXVHRIWKLVFRQWUDFWHQWLWOHG,QGLDQ3UHIHUHQFH
,QGLDQUHVHUYDWLRQLQFOXGHV,QGLDQUHVHUYDWLRQVSXEOLFGRPDLQ,QGLDQDOORWPHQWVIRUPHU,QGLDQ
UHVHUYDWLRQVLQ2NODKRPDDQGODQGKHOGE\LQFRUSRUDWHG1DWLYHJURXSVUHJLRQDOFRUSRUDWLRQVDQG
YLOODJHFRUSRUDWLRQVXQGHUWKHSURYLVLRQVRIWKH$ODVND1DWLYH&ODLPV6HWWOHPHQW$FW 6WDW
86&HWVHT
2QRUQHDUDQ,QGLDQUHVHUYDWLRQPHDQVRQDUHVHUYDWLRQRUUHVHUYDWLRQVRUZLWKLQWKDWDUHD
VXUURXQGLQJDQ,QGLDQUHVHUYDWLRQ V ZKHUHDSHUVRQVHHNLQJHPSOR\PHQWFRXOGUHDVRQDEO\H[SHFW
WRFRPPXWHWRDQGIURPLQWKHFRXUVHRIDZRUNGD\
F 1RWKLQJLQWKHUHTXLUHPHQWVRIWKLVFODXVHVKDOOSUHFOXGH,QGLDQWULEHVIURPLQGHSHQGHQWO\
GHYHORSLQJDQGHQIRUFLQJWKHLURZQ,QGLDQSUHIHUHQFHUHTXLUHPHQWV6XFKUHTXLUHPHQWVPXVWQRW
FRQIOLFWZLWKDQ\)HGHUDOVWDWXWRU\RUUHJXODWRU\UHTXLUHPHQWGHDOLQJZLWKWKHDZDUGDQG
DGPLQLVWUDWLRQRIFRQWUDFWV
G 7KH&RQWUDFWRUDJUHHVWRLQFOXGHWKHSURYLVLRQVRIWKLVFODXVHLQFOXGLQJWKLVSDUDJUDSK G LQ
HDFKVXEFRQWUDFWDZDUGHGDWDQ\WLHUXQGHUWKLVFRQWUDFWDQGWRQRWLI\WKH&RQWUDFWLQJ2IILFHURI
VXFKVXEFRQWUDFWV
H ,QWKHHYHQWRIQRQFRPSOLDQFHZLWKWKLVFODXVHWKH&RQWUDFWLQJ2IILFHUPD\WHUPLQDWHWKH
FRQWUDFWLQZKROHRULQSDUWRUPD\SXUVXHDQ\RWKHUUHPHGLHVDXWKRUL]HGE\ODZRUE\RWKHU
SURYLVLRQVRIWKHFRQWUDFW
(QGRIFODXVH
1DWLYH$PHULFDQ*UDYHV3URWHFWLRQDQG5HSDWULDWLRQ$FW
$VSUHVFULEHGLQ++6$5WKH&RQWUDFWLQJ2IILFHUVKDOOLQVHUWWKHIROORZLQJFODXVH
1DWLYH$PHULFDQ*UDYHV3URWHFWLRQDQG5HSDWULDWLRQ$FW '(&
D 3XEOLF/DZGDWHG1RYHPEHUDOVRNQRZQDVWKH1DWLYH$PHULFDQ*UDYHV
3URWHFWLRQDQG5HSDWULDWLRQ$FWLPSRVHVFHUWDLQUHVSRQVLELOLWLHVRQLQGLYLGXDOVDQGRUJDQL]DWLRQV
ZKHQWKH\GLVFRYHU1DWLYH$PHULFDQFXOWXUDOLWHPV LQFOXGLQJKXPDQUHPDLQV RQ)HGHUDORUWULEDO
ODQGV
E ,QWKHHYHQWWKH&RQWUDFWRUGLVFRYHUV1DWLYH$PHULFDQFXOWXUDOLWHPV LQFOXGLQJKXPDQUHPDLQV
DVVRFLDWHGIXQHUDU\REMHFWVXQDVVRFLDWHGIXQHUDU\REMHFWVVDFUHGREMHFWVDQGFXOWXUDOSDWULPRQ\ DVGHILQHGLQWKH$FWGXULQJFRQWUDFWSHUIRUPDQFHWKH&RQWUDFWRUVKDOO
,PPHGLDWHO\FHDVHDFWLYLW\LQWKHDUHDRIWKHGLVFRYHU\
1RWLI\WKH&RQWUDFWLQJ2IILFHURIWKHGLVFRYHU\DQG
0DNHDUHDVRQDEOHHIIRUWWRSURWHFWWKHLWHPVGLVFRYHUHGEHIRUHUHVXPLQJVXFKDFWLYLW\8SRQ
UHFHLSWRIWKH&RQWUDFWRU VGLVFRYHU\QRWLFHWKH&RQWUDFWLQJ2IILFHUZLOOQRWLI\WKHDSSURSULDWH
DXWKRULWLHVDVUHTXLUHGE\WKH$FW
F 8QOHVVRWKHUZLVHVSHFLILHGE\WKH&RQWUDFWLQJ2IILFHUWKH&RQWUDFWRUPD\UHVXPHDFWLYLW\LQWKH
DUHDRQWKHVWFDOHQGDUGD\IROORZLQJWKHGDWHWKDWWKHDSSURSULDWHDXWKRULWLHVFHUWLI\UHFHLSWRI
WKHGLVFRYHU\QRWLFH7KH&RQWUDFWLQJ2IILFHUVKDOOSURYLGHWRWKH&RQWUDFWRUWKHGDWHWKDWWKH
DSSURSULDWHDXWKRULWLHVFHUWLI\UHFHLSWRIWKHGLVFRYHU\QRWLFHDQGWKHGDWHRQZKLFKWKH&RQWUDFWRU
PD\UHVXPHDFWLYLWLHV
1RWLFHRI,QGLDQ6PDOO%XVLQHVV(FRQRPLF(QWHUSULVHVHWDVLGH
$VSUHVFULEHGLQ++6$5 E DQGLQOLHXRIWKHUHTXLUHPHQWVRI&)5WKH
&RQWUDFWLQJ2IILFHUVKDOOLQVHUWWKHIROORZLQJSURYLVLRQ
1RWLFHRI,QGLDQ6PDOO%XVLQHVV(FRQRPLF(QWHUSULVH6HW$VLGH
8QGHUWKH%X\,QGLDQ$FW86&RIIHUVDUHVROLFLWHGRQO\IURP,QGLDQ(FRQRPLF(QWHUSULVHV
++6$5 WKDWDUHDOVRVPDOOEXVLQHVVFRQFHUQV$Q\DFTXLVLWLRQUHVXOWLQJIURPWKLV
VROLFLWDWLRQZLOOEHIURPVXFKDFRQFHUQ$VUHTXLUHGE\++6$5b E RIIHURUVVKDOOLQFOXGH
DFRPSOHWHG,QGLDQ(FRQRPLF(QWHUSULVH5HSUHVHQWDWLRQIRUPLQUHVSRQVHWR6RXUFHV6RXJKW
1RWLFHV5HTXHVWIRU,QIRUPDWLRQ 5), DQGDVSDUWRIWKHSURSRVDOVXEPLVVLRQ7KH,QGLDQ(FRQRPLF
(QWHUSULVH5HSUHVHQWDWLRQIRUPDYDLODEOHRQWKH,+6'$3SXEOLFZHEVLWH ZZZ,+6JRY'$3 VKDOO
EHLQFOXGHGLQV\QRSVHVSUHVROLFLWDWLRQQRWLFHVDQGVROLFLWDWLRQVIRUWKHDFTXLVLWLRQVXQGHUWKH%X\
,QGLDQ$FW2IIHUVUHFHLYHGIURPHQWHUSULVHVWKDWDUHQRWERWK,QGLDQ(FRQRPLF(QWHUSULVHVDQG
VPDOOEXVLQHVVFRQFHUQVZLOOQRWEHFRQVLGHUHGDQGZLOOEHUHMHFWHG
(QGRIFODXVH
1RWLFHRI,QGLDQ(FRQRPLF(QWHUSULVHVHWDVLGH
$VSUHVFULEHGLQ++6$5 H WKH&RQWUDFWLQJ2IILFHUVKDOOLQVHUWWKHIROORZLQJFODXVH
1RWLFHRI,QGLDQ(FRQRPLF(QWHUSULVH6HW$VLGH
D 'HILQLWLRQVDVXVHGLQWKLVFODXVH
$ODVND1DWLYH&ODLPV6HWWOHPHQW$FW $1&6$ PHDQV3XEOLF/DZ 'HFHPEHU 6WDWFRGLILHGDW86&K
,QGLDQPHDQVDSHUVRQZKRLVDQHQUROOHGPHPEHURIDQ,QGLDQ7ULEHRUd1DWLYHeDVGHILQHGLQWKH
$ODVND1DWLYH&ODLPV6HWWOHPHQW$FW
,QGLDQ(FRQRPLF(QWHUSULVHPHDQVDQ\EXVLQHVVDFWLYLW\RZQHGE\RQHRUPRUH,QGLDQVRU,QGLDQ
7ULEHVWKDWLVHVWDEOLVKHGIRUWKHSXUSRVHRISURILWSURYLGHGWKDW7KHFRPELQHG,QGLDQRU,QGLDQ
7ULEHRZQHUVKLSPXVWFRQVWLWXWHQRWOHVVWKDQSHUFHQWRIWKHHQWHUSULVHWKH,QGLDQVRU,QGLDQ
7ULEHVPXVWWRJHWKHUUHFHLYHDWOHDVWDPDMRULW\RIWKHHDUQLQJVIURPWKHFRQWUDFWDQGWKH
PDQDJHPHQWDQGGDLO\EXVLQHVVRSHUDWLRQVRIDQHQWHUSULVHPXVWEHFRQWUROOHGE\RQHRUPRUH
LQGLYLGXDOVZKRDUH,QGLDQV7RHQVXUHDFWXDOFRQWURORYHUWKHHQWHUSULVHWKHLQGLYLGXDOVPXVW
SRVVHVVUHTXLVLWHPDQDJHPHQWRUWHFKQLFDOFDSDELOLWLHVGLUHFWO\UHODWHGWRWKHSULPDU\LQGXVWU\LQ
ZKLFKWKHHQWHUSULVHFRQGXFWVEXVLQHVV7KHHQWHUSULVHPXVWPHHWWKHVHUHTXLUHPHQWVWKURXJKRXW
WKHIROORZLQJWLPHSHULRGV
L $WWKHWLPHDQRIIHULVPDGHLQUHVSRQVHWRDZULWWHQVROLFLWDWLRQ
LL $WWKHWLPHRIWKHFRQWUDFWDZDUGDQG
LLL 'XULQJWKHIXOOWHUPRIWKHFRQWUDFW
,QGLDQ7ULEHPHDQVDQ,QGLDQ7ULEHEDQGQDWLRQRURWKHUUHFRJQL]HGJURXSRUFRPPXQLW\WKDWLV
UHFRJQL]HGDVHOLJLEOHIRUWKHVSHFLDOSURJUDPVDQGVHUYLFHVSURYLGHGE\WKH8QLWHG6WDWHVWR,QGLDQV
EHFDXVHRIWKHLUVWDWXVDV,QGLDQVLQFOXGLQJDQ\$ODVND1DWLYHYLOODJHRUUHJLRQDORUYLOODJH
FRUSRUDWLRQXQGHUWKH$ODVND1DWLYH&ODLPV6HWWOHPHQW$FW 3XE/6WDW86&
5HSUHVHQWDWLRQPHDQVWKHSRVLWLYHVWDWHPHQWE\DQHQWHUSULVHRILWVHOLJLELOLW\IRUSUHIHUHQWLDO
FRQVLGHUDWLRQDQGSDUWLFLSDWLRQIRUDFTXLVLWLRQVFRQGXFWHGXQGHUWKH%X\,QGLDQ$FW86&LQ
DFFRUGDQFHZLWKWKHSURFHGXUHVLQ6XESDUW
E *HQHUDO
8QGHUWKH%X\,QGLDQ$FWRIIHUVDUHVROLFLWHGRQO\IURP,QGLDQ(FRQRPLF(QWHUSULVHV
7KH&2ZLOOUHMHFWDOORIIHUVUHFHLYHGIURPLQHOLJLEOHHQWHUSULVHV
$Q\DZDUGUHVXOWLQJIURPWKLVVROLFLWDWLRQZLOOEHPDGHWRDQ,QGLDQ(FRQRPLF(QWHUSULVHDV
GHILQHGLQSDUDJUDSK D RIWKLVFODXVH
F 5HTXLUHGVXEPLVVLRQV,QUHVSRQVHWRWKLVVROLFLWDWLRQDQRIIHURUPXVWDOVRSURYLGHWKHIROORZLQJ
$GHVFULSWLRQRIWKHUHTXLUHGSHUFHQWDJHRIWKHZRUNFRVWVWREHSURYLGHGE\WKHRIIHURURYHUWKH
FRQWUDFWWHUPDVUHTXLUHGE\VHFWLRQ6XEFRQWUDFWLQJ/LPLWDWLRQVFODXVHDQG
4XDOLILFDWLRQVRIWKHNH\SHUVRQQHO LIDQ\ WKDWZLOOEHDVVLJQHGWRWKHFRQWUDFW
G 5HTXLUHGDVVXUDQFH7KHRIIHURUPXVWSURYLGHZULWWHQDVVXUDQFHWRWKH&2WKDWWKHRIIHURULVDQG
ZLOOUHPDLQLQFRPSOLDQFHZLWKWKHUHTXLUHPHQWVRIWKLVFODXVH,WPXVWGRWKLVEHIRUHWKH&2DZDUGV
WKH%X\,QGLDQ$FWFRQWUDFWDQGXSRQVXFFHVVIXODQGWLPHO\FRPSOHWLRQRIWKHFRQWUDFWEXWEHIRUH
WKH&2DFFHSWVWKHZRUNRUSURGXFW
H 1RQUHVSRQVLYHQHVV)DLOXUHWRSURYLGHWKHLQIRUPDWLRQUHTXLUHGE\SDUDJUDSKV F DQG G RIWKLV
FODXVHPD\FDXVHWKH&2WRILQGDQRIIHUQRQUHVSRQVLYHDQGUHMHFWLW
I (OLJLELOLW\
3DUWLFLSDWLRQLQWKH0HQWRU3URWcJc3URJUDPHVWDEOLVKHGXQGHUVHFWLRQRIWKH1DWLRQDO
'HIHQVH$XWKRUL]DWLRQ$FWIRU)LVFDO<HDU 86&QRWH GRHVQRWUHQGHUDQ,QGLDQ
(FRQRPLF(QWHUSULVHLQHOLJLEOHIRUFRQWUDFWVDZDUGHGXQGHUWKH%X\,QGLDQ$FW
,IDFRQWUDFWRUQRORQJHUPHHWVWKHGHILQLWLRQRIDQ,QGLDQ(FRQRPLF(QWHUSULVHDIWHUDZDUGWKH
FRQWUDFWRUPXVWQRWLI\WKH&2LPPHGLDWHO\DQGLQZULWLQJ7KHQRWLILFDWLRQPXVWLQFOXGHIXOO
GLVFORVXUHRIFLUFXPVWDQFHVFDXVLQJWKHFRQWUDFWRUWRORVHHOLJLELOLW\VWDWXVDQGDGHVFULSWLRQRIDQ\
DFWLRQVWKDWWKHFRQWUDFWRUZLOOWDNHWRUHJDLQHOLJLELOLW\)DLOXUHWRJLYHWKH&2LPPHGLDWHZULWWHQ
QRWLILFDWLRQPHDQVWKDW
L 7KHHFRQRPLFHQWHUSULVHPD\EHGHFODUHGLQHOLJLEOHIRUIXWXUHFRQWUDFWDZDUGVXQGHUWKLVSDUW
DQG
LL 7KH&2PD\FRQVLGHUWHUPLQDWLRQIRUGHIDXOWLILWLVLQWKHEHVWLQWHUHVWRIWKHJRYHUQPHQW
J 5HSUHVHQWDWLRQ8QGHUWKH%X\,QGLDQ$FW86&RIIHUVDUHVROLFLWHGRQO\IURP,QGLDQ
(FRQRPLF(QWHUSULVHV $VUHTXLUHGE\++6$5 E RIIHURUVVKDOOLQFOXGHD
FRPSOHWHG,QGLDQ(FRQRPLF(QWHUSULVH5HSUHVHQWDWLRQIRUPLQUHVSRQVHWR6RXUFHV6RXJKW1RWLFHV
5HTXHVWIRU,QIRUPDWLRQ 5), DQGDVSDUWRIWKHSURSRVDOVXEPLVVLRQ7KH,QGLDQ(FRQRPLF
(QWHUSULVH5HSUHVHQWDWLRQIRUPDYDLODEOHRQWKH,+6'$3SXEOLFZHEVLWH ZZZ,+6JRY'$3 VKDOO
EHLQFOXGHGLQV\QRSVHVSUHVROLFLWDWLRQQRWLFHVDQGVROLFLWDWLRQVIRUWKHDFTXLVLWLRQVXQGHUWKH%X\
,QGLDQ$FW2IIHUVUHFHLYHGIURPHQWHUSULVHVWKDWDUHQRW,QGLDQ(FRQRPLF(QWHUSULVHVVKDOOQRWEH
FRQVLGHUHG
(QGRIFODXVH
,QGLDQ(FRQRPLF(QWHUSULVH6XEFRQWUDFWLQJ/LPLWDWLRQV
$VSUHVFULEHGLQ++6$5 H WKH&RQWUDFWLQJ2IILFHUVKDOOLQVHUWWKHIROORZLQJFODXVH
,QGLDQ(FRQRPLF(QWHUSULVH6XEFRQWUDFWLQJ/LPLWDWLRQV
D 'HILQLWLRQVDVXVHGLQWKLVFODXVH
,QGLDQ(FRQRPLF(QWHUSULVHPHDQVDQ\EXVLQHVVDFWLYLW\RZQHGE\RQHRUPRUH,QGLDQVRU,QGLDQ
7ULEHVWKDWLVHVWDEOLVKHGIRUWKHSXUSRVHRISURILWSURYLGHGWKDW7KHFRPELQHG,QGLDQRU,QGLDQ
7ULEHRZQHUVKLSPXVWFRQVWLWXWHQRWOHVVWKDQSHUFHQWRIWKHHQWHUSULVHWKH,QGLDQVRU,QGLDQ
7ULEHVPXVWWRJHWKHUUHFHLYHDWOHDVWDPDMRULW\RIWKHHDUQLQJVIURPWKHFRQWUDFWDQGWKH
PDQDJHPHQWDQGGDLO\EXVLQHVVRSHUDWLRQVRIDQHQWHUSULVHPXVWEHFRQWUROOHGE\RQHRUPRUH
LQGLYLGXDOVZKRDUH,QGLDQV7RHQVXUHDFWXDOFRQWURORYHUWKHHQWHUSULVHWKHLQGLYLGXDOVPXVW
SRVVHVVUHTXLVLWHPDQDJHPHQWRUWHFKQLFDOFDSDELOLWLHVGLUHFWO\UHODWHGWRWKHSULPDU\LQGXVWU\LQ
ZKLFKWKHHQWHUSULVHFRQGXFWVEXVLQHVV7KHHQWHUSULVHPXVWPHHWWKHVHUHTXLUHPHQWVWKURXJKRXW
WKHIROORZLQJWLPHSHULRGV
L $WWKHWLPHDQRIIHULVPDGHLQUHVSRQVHWRDZULWWHQVROLFLWDWLRQ
LL $WWKHWLPHRIWKHFRQWUDFWDZDUGDQG
LLL 'XULQJWKHIXOOWHUPRIWKHFRQWUDFW
6XEFRQWUDFWPHDQVDQ\FRQWUDFWDVGHILQHGLQ)$5VXESDUWHQWHUHGLQWRE\DVXEFRQWUDFWRU
WRIXUQLVKVXSSOLHVRUVHUYLFHVIRUSHUIRUPDQFHRIWKHSULPHFRQWUDFWRURUVXEFRQWUDFWRU,WLQFOXGHV
EXWLVQRWOLPLWHGWRSXUFKDVHRUGHUVDQGFKDQJHVDQGPRGLILFDWLRQVWRSXUFKDVHRUGHUV
6XEFRQWUDFWRUPHDQVDQ\VXSSOLHUGLVWULEXWRUYHQGRURUILUPWKDWIXUQLVKHVVXSSOLHVRUVHUYLFHV
WRRUIRUDSULPHFRQWUDFWRURUDQRWKHUVXEFRQWUDFWRU
E 5HTXLUHG3HUFHQWDJHVRIZRUNE\WKHFRQFHUQ7KHFRQWUDFWRUPXVWFRPSO\ZLWK)$5
/LPLWDWLRQVRQ6XEFRQWUDFWLQJFODXVHLQDOORFDWLQJZKDWSHUFHQWDJHRIZRUNWRVXEFRQWUDFW7KH
FRQWUDFWRUVKDOOQRWVXEFRQWUDFWZRUNH[FHHGLQJWKHVXEFRQWUDFWOLPLWDWLRQVLQ)$5WRD
FRQFHUQRWKHUWKDQDUHVSRQVLEOH,QGLDQ(FRQRPLF(QWHUSULVH
F $Q\ZRUNWKDWDQ,((VXEFRQWUDFWRUGRHVQRWSHUIRUPZLWKLWVRZQHPSOR\HHVKDOOEHFRQVLGHUHG
VXEFRQWUDFWHGZRUNIRUWKHSXUSRVHRIFDOFXODWLQJSHUFHQWDJHVRIVXEFRQWUDFWZRUNLQDFFRUGDQFH
ZLWK)$5/LPLWDWLRQVRQ6XEFRQWUDFWLQJ
G &RRSHUDWLRQ7KHFRQWUDFWRUPXVW
&DUU\RXWWKHUHTXLUHPHQWVRIWKLVFODXVHWRWKHIXOOHVWH[WHQWDQG
&RRSHUDWHLQDQ\VWXG\RUVXUYH\WKDWWKH&2,QGLDQ+HDOWK6HUYLFHRULWVDJHQWVPD\FRQGXFWWR
YHULI\WKHFRQWUDFWRU VFRPSOLDQFHZLWKWKLVFODXVH
H ,QFRUSRUDWLRQLQ6XEFRQWUDFWV7KHFRQWUDFWRUPXVWLQFRUSRUDWHWKHVXEVWDQFHRIWKLVFODXVH
LQFOXGLQJWKLVSDUDJUDSK H LQDOOVXEFRQWUDFWVIRUJHQHUDOVHUYLFHV$ (VHUYLFHVDQGFRQVWUXFWLRQ
DZDUGHGXQGHUWKLVFRQWUDFW
(QGRIFODXVH
,QGLDQ(FRQRPLF(QWHUSULVH5HSUHVHQWDWLRQ
$VSUHVFULEHGLQ++6$5 H WKH&RQWUDFWLQJ2IILFHUVKDOOLQVHUWWKHIROORZLQJSURYLVLRQ
,QGLDQ(FRQRPLF(QWHUSULVH5HSUHVHQWDWLRQ
D 7KHRIIHURUPXVWUHSUHVHQWDVSDUWRILWVRIIHUWKDWLWGRHVPHHWWKHGHILQLWLRQRI,QGLDQ(FRQRPLF
(QWHUSULVH ,(( DVGHILQHGLQ++6$5DQGWKDWLWLQWHQGVWRPHHWWKHGHILQLWLRQRIDQ,((
WKURXJKRXWWKHSHUIRUPDQFHRIWKHFRQWUDFW7KHRIIHURUPXVWQRWLI\WKHFRQWUDFWLQJRIILFHU
LPPHGLDWHO\YLDHPDLOLIWKHUHLVDQ\RZQHUVKLSFKDQJHDIIHFWLQJFRPSOLDQFHZLWKWKLV
UHSUHVHQWDWLRQ
E 7KHUHSUHVHQWDWLRQPXVWEHPDGHRQWKHGHVLJQDWHG,+6,QGLDQ(FRQRPLF(QWHUSULVH
5HSUHVHQWDWLRQIRUPRUDQ\VXFFHVVRUIRUPVWKURXJKZKLFKWKHRIIHURUZLOOFHUWLI\WKDWWKH
RZQHUVKLSUHTXLUHPHQWVGHILQHGE\++6$5DUHPHW
F $Q\IDOVHRUPLVOHDGLQJLQIRUPDWLRQVXEPLWWHGE\DQHQWHUSULVHZKHQVXEPLWWLQJDQRIIHULQ
FRQVLGHUDWLRQIRUDQDZDUGVHWDVLGHXQGHUWKH%X\,QGLDQ$FWLVDYLRODWLRQRIWKHODZSXQLVKDEOH
XQGHU86&)DOVHFODLPVVXEPLWWHGDVSDUWRIFRQWUDFWSHUIRUPDQFHDUHVXEMHFWWRWKH
SHQDOWLHVHQXPHUDWHGLQ86&WRDQG86&
(QGRISURYLVLRQ
3DWHQW5LJKWV([FHSWLRQDO&LUFXPVWDQFHV
$VSUHVFULEHGLQ++6$5WKH&RQWUDFWLQJ2IILFHUVKDOOLQVHUWWKHIROORZLQJFODXVH
3DWHQW5LJKWV([FHSWLRQDO&LUFXPVWDQFHV 6(37
7KLVFODXVHDSSOLHVWRDOO&RQWUDFWRUDQGVXEFRQWUDFWRU DWDOOWLHUV 6XEMHFW,QYHQWLRQV
D 'HILQLWLRQV$VXVHGLQWKLVFODXVH
$JHQF\PHDQVWKH$JHQF\RIWKH86'HSDUWPHQWRI+HDOWKDQG+XPDQ6HUYLFHVWKDWLVHQWHULQJ
LQWRWKLVFRQWUDFW
&ODVV6XEMHFW,QYHQWLRQPHDQVD6XEMHFW,QYHQWLRQGHVFULEHGDQGGHILQHGLQWKH'(&WKDWZLOOEH
DVVLJQHGWRDWKLUGSDUW\DVVLJQHHRUDVVLJQHGDVGLUHFWHGE\WKH$JHQF\
&ODVV6XEMHFW,QYHQWLRQPHDQVD6XEMHFW,QYHQWLRQGHVFULEHGDQGGHILQHGLQWKH'(&
&ODVV6XEMHFW,QYHQWLRQPHDQVD6XEMHFW,QYHQWLRQWKDWGRHVQRWIDOOLQWR&ODVVRU&ODVVDV
GHILQHGLQWKLVFODXVH
'(&PHDQVWKH'HWHUPLQDWLRQRI([FHSWLRQDO&LUFXPVWDQFHVVLJQHGE\>LQVHUWDSSURYLQJRIILFLDO@
BBBBBBBBRQBBBB>LQVHUWGDWH@BBBBBBBBDQGWLWOHGd>LQVHUWGHVFULSWLRQ@e
,QYHQWLRQPHDQVDQ\LQYHQWLRQRUGLVFRYHU\ZKLFKLVRUPD\EHSDWHQWDEOHRURWKHUZLVHSURWHFWDEOH
XQGHU7LWOHRI8QLWHG6WDWHV&RGHRUDQ\QRYHOYDULHW\RISODQWWKDWLVRUPD\EHSURWHFWDEOH
XQGHUWKH3ODQW9DULHW\3URWHFWLRQ$FW 86&HWVHT
0DGHPHDQV:KHQXVHGLQUHODWLRQWRDQ\LQYHQWLRQRWKHUWKDQDSODQWYDULHW\WKHFRQFHSWLRQRU
ILUVWDFWXDOUHGXFWLRQWRSUDFWLFHRIVXFKLQYHQWLRQRUZKHQXVHGLQUHODWLRQWRDSODQWYDULHW\WKDW
WKH&RQWUDFWRUKDVDWOHDVWWHQWDWLYHO\GHWHUPLQHGWKDWWKHYDULHW\KDVEHHQUHSURGXFHGZLWK
UHFRJQL]HGFKDUDFWHULVWLFV
0DWHULDOPHDQVDQ\SURSULHWDU\PDWHULDOPHWKRGSURGXFWFRPSRVLWLRQFRPSRXQGRUGHYLFH
ZKHWKHUSDWHQWHGRUXQSDWHQWHGZKLFKLVSURYLGHGWRWKH&RQWUDFWRUXQGHUWKLVFRQWUDFW
1RQSURILWRUJDQL]DWLRQPHDQVDXQLYHUVLW\RURWKHULQVWLWXWLRQRIKLJKHUHGXFDWLRQRUDQRUJDQL]DWLRQ
RIWKHW\SHGHVFULEHGLQVHFWLRQ F RIWKH,QWHUQDO5HYHQXH&RGHRI 86& F
DQGH[HPSWIURPWD[DWLRQXQGHUVHFWLRQ D RIWKH,QWHUQDO5HYHQXH&RGH 86& D RU
DQ\QRQSURILWVFLHQWLILFRUHGXFDWLRQDORUJDQL]DWLRQTXDOLILHGXQGHUDVWDWHQRQSURILWRUJDQL]DWLRQ
VWDWXWH
3UDFWLFDODSSOLFDWLRQPHDQVWRPDQXIDFWXUHLQWKHFDVHRIDFRPSRVLWLRQRUSURGXFWWRSUDFWLFHLQ
WKHFDVHRIDSURFHVVRUPHWKRGRUWRRSHUDWHLQWKHFDVHRIDPDFKLQHRUV\VWHPDQGLQHDFKFDVH
XQGHUVXFKFRQGLWLRQVDVWRHVWDEOLVKWKDWWKHLQYHQWLRQLVEHLQJXWLOL]HGDQGWKDWLWVEHQHILWVDUHWR
WKHH[WHQWSHUPLWWHGE\ODZRU*RYHUQPHQWUHJXODWLRQVDYDLODEOHWRWKHSXEOLFRQUHDVRQDEOHWHUPV
6PDOOEXVLQHVVILUPPHDQVDVPDOOEXVLQHVVFRQFHUQDVGHILQHGDWVHFWLRQRI3XEOLF/DZ 86& DQGLPSOHPHQWLQJUHJXODWLRQVRIWKH$GPLQLVWUDWRURIWKH6PDOO%XVLQHVV$GPLQLVWUDWLRQ
)RUWKHSXUSRVHRIWKLVFODXVHWKHVL]HVWDQGDUGVIRUVPDOOEXVLQHVVFRQFHUQVLQYROYHGLQ
*RYHUQPHQWSURFXUHPHQWDQGVXEFRQWUDFWLQJDW&)5DQG&)5UHVSHFWLYHO\
ZLOOEHXVHG
6XEMHFW,QYHQWLRQPHDQVDQ\LQYHQWLRQRIWKH&RQWUDFWRUPDGHLQWKHSHUIRUPDQFHRIZRUNXQGHU
WKLVFRQWUDFW
7KLUGSDUW\DVVLJQHHPHDQVDQ\HQWLW\RURUJDQL]DWLRQWKDWPD\DVGHVFULEHGLQWKH'(&EH
DVVLJQHG&ODVVLQYHQWLRQV
E $OORFDWLRQRISULQFLSDOULJKWV
5HWHQWLRQRISUHH[LVWLQJULJKWV7KLUGSDUW\DVVLJQHHVVKDOOUHWDLQDOOSUHH[LVWLQJULJKWVWR
0DWHULDOLQZKLFKWKH7KLUGSDUW\DVVLJQHHKDVDSURSULHWDU\LQWHUHVW
$OORFDWLRQRI6XEMHFW,QYHQWLRQULJKWV
L 'LVSRVLWLRQRI&ODVV6XEMHFW,QYHQWLRQV $ $VVLJQPHQWWRWKH7KLUGSDUW\DVVLJQHHRUDV
GLUHFWHGE\WKH$JHQF\7KH&RQWUDFWRUVKDOODVVLJQWRWKH7KLUGSDUW\DVVLJQHHGHVLJQDWHGE\WKH
$JHQF\WKHHQWLUHULJKWWLWOHDQGLQWHUHVWWKURXJKRXWWKHZRUOGWRHDFK6XEMHFW,QYHQWLRQRU
RWKHUZLVHGLVSRVHRIRUWUDQVIHUWKRVHULJKWVDVGLUHFWHGE\WKH$JHQF\H[FHSWWRWKHH[WHQWWKDW
ULJKWVDUHUHWDLQHGE\WKH&RQWUDFWRUXQGHUSDUDJUDSK E RIWKLVFODXVH$Q\VXFKDVVLJQPHQWRU
RWKHUGLVSRVLWLRQRUWUDQVIHURIULJKWVZLOOEHVXEMHFWWRDQRQH[FOXVLYHQRQWUDQVIHUDEOHLUUHYRFDEOH
SDLGXSOLFHQVHWRWKH86*RYHUQPHQWWRSUDFWLFHRUKDYHSUDFWLFHGWKH6XEMHFW,QYHQWLRQIRURURQ
EHKDOIRIWKH86WKURXJKRXWWKHZRUOG$Q\DVVLJQPHQWVKDOODGGLWLRQDOO\EHVXEMHFWWRWKHd0DUFK
LQULJKWVeRI86&,IWKH&RQWUDFWRULVD86QRQSURILWRUJDQL]DWLRQLWPD\UHWDLQDUR\DOW\
IUHHQRQH[FOXVLYHQRQWUDQVIHUDEOHOLFHQVHWRSUDFWLFHWKHLQYHQWLRQIRUDOOQRQSURILWUHVHDUFK
LQFOXGLQJIRUHGXFDWLRQDOSXUSRVHVDQGWRSHUPLWRWKHU86QRQSURILWRUJDQL]DWLRQVWRGRVR
% >5HVHUYHG@
LL 'LVSRVLWLRQRI&ODVVDQG6XEMHFW,QYHQWLRQV&ODVV6XEMHFW,QYHQWLRQVVKDOOEHJRYHUQHGE\
)$5FODXVH3DWHQW5LJKWV2ZQHUVKLS 'HFHPEHU LQFRUSRUDWHGKHUHLQE\
UHIHUHQFH +RZHYHUWKH&RQWUDFWRUVKDOOJUDQWDOLFHQVHLQWKH&ODVV6XEMHFW,QYHQWLRQVWRWKH
SURYLGHURIWKH0DWHULDORURWKHUSDUW\GHVLJQDWHGE\WKH$JHQF\DVVHWIRUWKLQ$OWHUQDWH,
LLL &ODVV6XEMHFW,QYHQWLRQVVKDOOEHJRYHUQHGE\)$5FODXVH3DWHQW5LJKWV
2ZQHUVKLSE\WKH&RQWUDFWRU 'HFHPEHU SUHYLRXVO\LQFRUSRUDWHGKHUHLQE\UHIHUHQFH *UHDWHU5LJKWV'HWHUPLQDWLRQV7KH&RQWUDFWRURUDQHPSOR\HHLQYHQWRUDIWHUFRQVXOWDWLRQE\
WKH$JHQF\ZLWKWKH&RQWUDFWRUPD\UHTXHVWJUHDWHUULJKWVWKDQDUHSURYLGHGLQSDUDJUDSK E RI
WKLVFODXVHLQDFFRUGDQFHZLWKWKHSURFHGXUHVRI)$5SDUDJUDSK F ,QDGGLWLRQWRWKH
FRQVLGHUDWLRQVVHWIRUWKLQSDUDJUDSK F WKH$JHQF\PD\FRQVLGHUZKHWKHUJUDQWLQJWKH
UHTXHVWHGJUHDWHUULJKWVZLOOLQWHUIHUHZLWKULJKWVRIWKH*RYHUQPHQWRUDQ\7KLUGSDUW\DVVLJQHHRU
RWKHUZLVHLPSHGHWKHDELOLW\RIWKH*RYHUQPHQWRUWKH7KLUGSDUW\DVVLJQHHWRIRUH[DPSOHGHYHORS
DQGFRPPHUFLDOL]HQHZFRPSRXQGVGRVDJHIRUPVWKHUDSLHVSUHYHQWDWLYHPHDVXUHVWHFKQRORJLHV
RURWKHUDSSURDFKHVZLWKSRWHQWLDOIRUWKHGLDJQRVLVSURJQRVLVSUHYHQWLRQDQGWUHDWPHQWRIKXPDQ
GLVHDVHV
$UHTXHVWIRUDGHWHUPLQDWLRQRIZKHWKHUWKH&RQWUDFWRURUWKHHPSOR\HHLQYHQWRULVHQWLWOHGWR
UHWDLQVXFKJUHDWHUULJKWVPXVWEHVXEPLWWHGWRWKH$JHQF\&RQWUDFWLQJ2IILFHUDWWKHWLPHRIWKH
ILUVWGLVFORVXUHRIWKHLQYHQWLRQSXUVXDQWWRSDUDJUDSK F RIWKLVFODXVHRUQRWODWHUWKDQ
PRQWKVWKHUHDIWHUXQOHVVDORQJHUSHULRGLVDXWKRUL]HGLQZULWLQJE\WKH&RQWUDFWLQJ2IILFHUIRU
JRRGFDXVHVKRZQLQZULWLQJE\WKH&RQWUDFWRU(DFKGHWHUPLQDWLRQRIJUHDWHUULJKWVXQGHUWKLV
FRQWUDFWVKDOOEHVXEMHFWWRSDUDJUDSK F RIWKH)$5FODXVHDW LQFRUSRUDWHGKHUHLQE\
UHIHUHQFH DQGWRDQ\UHVHUYDWLRQVDQGFRQGLWLRQVGHHPHGWREHDSSURSULDWHE\WKH$JHQF\VXFKDV
WKHUHTXLUHPHQWWRDVVLJQRUH[FOXVLYHO\OLFHQVHWKHULJKWVWR6XEMHFW,QYHQWLRQVWRWKH7KLUGSDUW\
DVVLJQHH
$GHWHUPLQDWLRQE\WKH$JHQF\GHQ\LQJDUHTXHVWE\WKH&RQWUDFWRUIRUJUHDWHUULJKWVLQD6XEMHFW
,QYHQWLRQPD\EHDSSHDOHGZLWKLQGD\VRIWKHGDWHWKH&RQWUDFWRULVQRWLILHGRIWKHGHWHUPLQDWLRQ
WRDQ$JHQF\RIILFLDODWDOHYHODERYHWKHLQGLYLGXDOZKRPDGHWKHGHWHUPLQDWLRQ,IJUHDWHUULJKWV
DUHJUDQWHGWKH&RQWUDFWRUPXVWILOHDSDWHQWDSSOLFDWLRQRQWKHLQYHQWLRQ8SRQUHTXHVWWKH
&RQWUDFWRUVKDOOSURYLGHWKHILOLQJGDWHVHULDOQXPEHUDQGWLWOHDFRS\RIWKHSDWHQWDSSOLFDWLRQ
LQFOXGLQJDQ(QJOLVKODQJXDJHYHUVLRQLIILOHGLQDODQJXDJHRWKHUWKDQ(QJOLVK DQGSDWHQWQXPEHU
DQGLVVXHGDWHIRUDQ\6XEMHFW,QYHQWLRQLQDQ\FRXQWU\IRUZKLFKWKH&RQWUDFWRUKDVUHWDLQHGWLWOH
8SRQUHTXHVWWKH&RQWUDFWRUVKDOOIXUQLVKWKH*RYHUQPHQWDQLUUHYRFDEOHSRZHUWRLQVSHFWDQG
PDNHFRSLHVRIWKHSDWHQWDSSOLFDWLRQILOH
F ,QYHQWLRQGLVFORVXUHE\&RQWUDFWRU7KH&RQWUDFWRUVKDOOGLVFORVHLQZULWLQJHDFK6XEMHFW
,QYHQWLRQWRWKH$JHQF\&RQWUDFWLQJ2IILFHUDQGWRWKH'LUHFWRU'LYLVLRQRI([WUDPXUDO,QYHQWLRQV
DQG7HFKQRORJ\5HVRXUFHV '(,75 LIGLUHFWHGE\WKH&RQWUDFWLQJ2IILFHUDVSURYLGHGLQSDUDJUDSK
M RIWKLVFODXVHZLWKLQPRQWKVDIWHUWKHLQYHQWRUGLVFORVHVLWLQZULWLQJWR&RQWUDFWRUSHUVRQQHO
UHVSRQVLEOHIRUSDWHQWPDWWHUV7KHGLVFORVXUHWRWKH$JHQF\&RQWUDFWLQJ2IILFHUVKDOOEHLQWKHIRUP
RIDZULWWHQUHSRUWDQGVKDOOLGHQWLI\WKHFRQWUDFWXQGHUZKLFKWKHLQYHQWLRQZDV0DGHDQGDOO
LQYHQWRUV,WVKDOOEHVXIILFLHQWO\FRPSOHWHLQWHFKQLFDOGHWDLOWRFRQYH\DFOHDUXQGHUVWDQGLQJWRWKH
H[WHQWNQRZQDWWKHWLPHRIWKHGLVFORVXUHRIWKHQDWXUHSXUSRVHRSHUDWLRQDQGWKHSK\VLFDO
FKHPLFDOELRORJLFDORUHOHFWULFDOFKDUDFWHULVWLFVRIWKHLQYHQWLRQ7KHGLVFORVXUHVKDOODOVRLGHQWLI\
DQ\SXEOLFDWLRQRQVDOH RIIHUIRUVDOH RUSXEOLFXVHRIWKHLQYHQWLRQDQGZKHWKHUDPDQXVFULSW
GHVFULELQJWKHLQYHQWLRQKDVEHHQVXEPLWWHGIRUSXEOLFDWLRQDQGLIVRZKHWKHULWKDVEHHQDFFHSWHG
IRUSXEOLFDWLRQDWWKHWLPHRIGLVFORVXUH
,QDGGLWLRQDIWHUGLVFORVXUHWRWKH$JHQF\WKH&RQWUDFWRUZLOOSURPSWO\QRWLI\WKH&RQWUDFWLQJ
2IILFHUDQG'(,75RIWKHDFFHSWDQFHRIDQ\PDQXVFULSWGHVFULELQJWKHLQYHQWLRQIRUSXEOLFDWLRQRURI
DQ\RQVDOHRUSXEOLFXVHSODQQHGE\WKH&RQWUDFWRU,IWKH&RQWUDFWRUDVVLJQVD6XEMHFW,QYHQWLRQWR
WKH7KLUGSDUW\DVVLJQHHWKHQWKH&RQWUDFWRUDQGLWVHPSOR\HHLQYHQWRUVVKDOODVVLVWWKH7KLUGSDUW\
DVVLJQHHLQVHFXULQJSDWHQWSURWHFWLRQ$OOFRVWVRIVHFXULQJWKHSDWHQWLQFOXGLQJWKHFRVWRIWKH
&RQWUDFWRU VDVVLVWDQFHDUHDWWKH7KLUGSDUW\ VH[SHQVH$Q\DVVLVWDQFHSURYLGHGE\WKH&RQWUDFWRU
DQGLWVHPSOR\HHLQYHQWRUVWRWKH7KLUGSDUW\DVVLJQHHRURWKHUFRVWVLQFXUUHGLQVHFXULQJSDWHQW
SURWHFWLRQVKDOOEHVROHO\DWWKH7KLUGSDUW\ VH[SHQVHDQGQRWELOODEOHWRWKHFRQWUDFW
G &RQWUDFWRUDFWLRQWRSURWHFWWKH7KLUGSDUW\DVVLJQHH VDQGWKH*RYHUQPHQW VLQWHUHVW
7KH&RQWUDFWRUDJUHHVWRH[HFXWHRUWRKDYHH[HFXWHGDQGSURPSWO\GHOLYHUWRWKH$JHQF\DOO
LQVWUXPHQWVQHFHVVDU\WR(VWDEOLVKRUFRQILUPWKHULJKWVWKH*RYHUQPHQWKDVWKURXJKRXWWKHZRUOG
LQ6XEMHFW,QYHQWLRQVSXUVXDQWWRSDUDJUDSK E RIWKLVFODXVHFRQYH\WLWOHWRD7KLUGSDUW\DVVLJQHH
LQDFFRUGDQFHZLWKSDUDJUDSK E RIWKLVFODXVHDQGHQDEOHWKH7KLUGSDUW\DVVLJQHHWRREWDLQSDWHQW
SURWHFWLRQWKURXJKRXWWKHZRUOGLQWKDW6XEMHFW,QYHQWLRQ
7KH&RQWUDFWRUDJUHHVWRUHTXLUHE\ZULWWHQDJUHHPHQWLWVHPSOR\HHVRWKHUWKDQFOHULFDODQG
QRQWHFKQLFDOHPSOR\HHVWRGLVFORVHSURPSWO\LQZULWLQJWRSHUVRQQHOLGHQWLILHGDVUHVSRQVLEOHIRUWKH
DGPLQLVWUDWLRQRISDWHQWPDWWHUVDQGLQDIRUPDWVXJJHVWHGE\WKH&RQWUDFWRUHDFK6XEMHFW
,QYHQWLRQd0DGHeXQGHUFRQWUDFWLQRUGHUWKDWWKH&RQWUDFWRUFDQFRPSO\ZLWKWKHGLVFORVXUH
SURYLVLRQVRISDUDJUDSK F RIWKLVFODXVHDQGWRH[HFXWHDOOSDSHUVQHFHVVDU\WRILOHSDWHQW
DSSOLFDWLRQVRQ6XEMHFW,QYHQWLRQVDQGWRHVWDEOLVKWKH*RYHUQPHQW VULJKWVRUD7KLUGSDUW\
DVVLJQHH VULJKWVLQWKH6XEMHFW,QYHQWLRQV7KLVGLVFORVXUHIRUPDWVKRXOGUHTXLUHDVDPLQLPXPWKH
LQIRUPDWLRQUHTXLUHGE\VXESDUDJUDSK F RIWKLVFODXVH7KH&RQWUDFWRUVKDOOLQVWUXFWVXFK
HPSOR\HHVWKURXJKHPSOR\HHDJUHHPHQWVRURWKHUVXLWDEOHHGXFDWLRQDOSURJUDPVRQWKH
LPSRUWDQFHRIUHSRUWLQJLQYHQWLRQVLQVXIILFLHQWWLPHWRSHUPLWWKHILOLQJRISDWHQWDSSOLFDWLRQVSULRU
WR86RUIRUHLJQVWDWXWRU\EDUV
,IWKH&RQWUDFWRULVJUDQWHGJUHDWHUULJKWVWKH&RQWUDFWRUDJUHHVWRLQFOXGHZLWKLQWKH
VSHFLILFDWLRQRIDQ\8QLWHG6WDWHVQRQSURYLVLRQDOSDWHQWDSSOLFDWLRQLWILOHVDQGDQ\SDWHQWLVVXLQJ
WKHUHRQFRYHULQJD6XEMHFW,QYHQWLRQWKHIROORZLQJVWDWHPHQWd7KLVLQYHQWLRQZDVPDGHZLWK
*RYHUQPHQWVXSSRUWXQGHU LGHQWLI\WKH&RQWUDFW DZDUGHGE\ LGHQWLI\WKHVSHFLILF$JHQF\ 7KH
*RYHUQPHQWKDVFHUWDLQULJKWVLQWKHLQYHQWLRQe
7KH&RQWUDFWRUDJUHHVWRSURYLGHDILQDOLQYHQWLRQVWDWHPHQWDQGFHUWLILFDWLRQSULRUWRWKH
FORVHRXWRIWKHFRQWUDFWOLVWLQJDOO6XEMHFW,QYHQWLRQVRUVWDWLQJWKDWWKHUHZHUHQRQH
H 6XEFRQWUDFWV
7KH&RQWUDFWRUZLOOLQFOXGHWKLVFODXVHLQDOOVXEFRQWUDFWVUHJDUGOHVVRIWLHUIRUH[SHULPHQWDO
GHYHORSPHQWDORUUHVHDUFKZRUN$WDOOWLHUVWKHFODXVHPXVWEHPRGLILHGWRLGHQWLI\WKHSDUWLHVDV
IROORZV5HIHUHQFHVWRWKH*RYHUQPHQWDUHQRWFKDQJHGDQGWKHVXEFRQWUDFWRUKDVDOOULJKWVDQG
REOLJDWLRQVRIWKH&RQWUDFWRULQWKHFODXVH7KH&RQWUDFWRUZLOOQRWDVSDUWRIWKHFRQVLGHUDWLRQIRU
DZDUGLQJWKHFRQWUDFWREWDLQULJKWVLQWKHVXEFRQWUDFWRU V6XEMHFW,QYHQWLRQV
,QVXEFRQWUDFWVDWDQ\WLHUWKH$JHQF\WKHVXEFRQWUDFWRUDQGWKH&RQWUDFWRUDJUHHWKDWWKH
PXWXDOREOLJDWLRQVRIWKHSDUWLHVFUHDWHGE\WKLVFODXVHFRQVWLWXWHDFRQWUDFWEHWZHHQWKH
VXEFRQWUDFWRUDQGWKH$JHQF\ZLWKUHVSHFWWRWKHPDWWHUVFRYHUHGE\WKHFODXVHSURYLGHGKRZHYHU
WKDWQRWKLQJLQWKLVSDUDJUDSKLVLQWHQGHGWRFRQIHUDQ\MXULVGLFWLRQXQGHUWKH&RQWUDFW'LVSXWHV$FW
LQFRQQHFWLRQZLWKSURFHHGLQJVXQGHUSDUDJUDSK F LL RI)$5FODXVH
I 5HSRUWLQJRQXWLOL]DWLRQRI6XEMHFW,QYHQWLRQVLQWKHHYHQWJUHDWHUULJKWVDUHJUDQWHGWRWKH
&RQWUDFWRU7KH&RQWUDFWRUDJUHHVWRVXEPLWRQUHTXHVWSHULRGLFUHSRUWVQRPRUHIUHTXHQWO\WKDQ
DQQXDOO\RQWKHXWLOL]DWLRQRID6XEMHFW,QYHQWLRQRURQHIIRUWVDWREWDLQLQJVXFKXWLOL]DWLRQWKDWDUH
EHLQJPDGHE\WKH&RQWUDFWRURULWVOLFHQVHHVRUDVVLJQHHVZKHQDUHTXHVWXQGHUVXESDUDJUDSKE
KDVEHHQJUDQWHGE\WKH$JHQF\6XFKUHSRUWVVKDOOLQFOXGHLQIRUPDWLRQUHJDUGLQJWKHVWDWXVRI
GHYHORSPHQWGDWHRIILUVWFRPPHUFLDOVDOHRUXVHJURVVUR\DOWLHVUHFHLYHGE\WKH&RQWUDFWRUDQG
VXFKRWKHUGDWDDQGLQIRUPDWLRQDVWKH$JHQF\PD\UHDVRQDEO\VSHFLI\7KH&RQWUDFWRUDOVRDJUHHV
WRSURYLGHDGGLWLRQDOUHSRUWVDVPD\EHUHTXHVWHGE\WKH$JHQF\LQFRQQHFWLRQZLWKDQ\PDUFKLQ
SURFHHGLQJXQGHUWDNHQE\WKH$JHQF\LQDFFRUGDQFHZLWKSDUDJUDSK K RIWKLVFODXVH$VUHTXLUHG
E\86& F WKH$JHQF\DJUHHVLWZLOOQRWGLVFORVHVXFKLQIRUPDWLRQWRSHUVRQVRXWVLGHWKH
*RYHUQPHQWZLWKRXWSHUPLVVLRQRIWKH&RQWUDFWRU
J 3UHIHUHQFHIRU8QLWHG6WDWHVLQGXVWU\LQWKHHYHQWJUHDWHUULJKWVDUHJUDQWHGWRWKH&RQWUDFWRU
1RWZLWKVWDQGLQJDQ\RWKHUSURYLVLRQRIWKLVFODXVHWKH&RQWUDFWRUDJUHHVWKDWQHLWKHULWQRUDQ\
DVVLJQHHZLOOJUDQWWRDQ\SHUVRQWKHH[FOXVLYHULJKWWRXVHRUVHOODQ\6XEMHFW,QYHQWLRQLQWKH
8QLWHG6WDWHVXQOHVVVXFKSHUVRQDJUHHVWKDWDQ\SURGXFWHPERG\LQJWKH6XEMHFW,QYHQWLRQRU
SURGXFHGWKURXJKWKHXVHRIWKH6XEMHFW,QYHQWLRQZLOOEHPDQXIDFWXUHGVXEVWDQWLDOO\LQWKH8QLWHG
6WDWHV+RZHYHULQLQGLYLGXDOFDVHVWKHUHTXLUHPHQWIRUVXFKDQDJUHHPHQWPD\EHZDLYHGE\WKH
$JHQF\XSRQDVKRZLQJE\WKH&RQWUDFWRURULWVDVVLJQHHWKDWUHDVRQDEOHEXWXQVXFFHVVIXOHIIRUWV
KDYHEHHQPDGHWRJUDQWOLFHQVHVRQVLPLODUWHUPVWRSRWHQWLDOOLFHQVHHVWKDWZRXOGEHOLNHO\WR
PDQXIDFWXUHVXEVWDQWLDOO\LQWKH8QLWHG6WDWHVRUWKDWXQGHUWKHFLUFXPVWDQFHVGRPHVWLF
PDQXIDFWXUHLVQRWFRPPHUFLDOO\IHDVLEOH
K 0DUFKLQULJKWVLQWKHHYHQWJUHDWHUULJKWVDUHJUDQWHGWRWKH&RQWUDFWRU7KH&RQWUDFWRU
DFNQRZOHGJHVWKDWZLWKUHVSHFWWRDQ\6XEMHFW,QYHQWLRQLQZKLFKLWKDVDFTXLUHGRZQHUVKLS
WKURXJKWKHH[HUFLVHRIWKHULJKWVVSHFLILHGLQSDUDJUDSK E RIWKLVFODXVHWKH$JHQF\KDVWKH
ULJKWWRUHTXLUHOLFHQVLQJSXUVXDQWWR86&DQG F DQGLQDFFRUGDQFHZLWKWKH
SURFHGXUHVLQ&)5DQGDQ\VXSSOHPHQWDOUHJXODWLRQVRI$JHQF\LQHIIHFWRQWKHGDWHRI
FRQWUDFWDZDUG
L 6SHFLDOSURYLVLRQVIRUFRQWUDFWVZLWKQRQSURILWRUJDQL]DWLRQVLQWKHHYHQWJUHDWHUULJKWVDUH
JUDQWHGWRWKH&RQWUDFWRU,IWKH&RQWUDFWRULVDQRQSURILWRUJDQL]DWLRQLWVKDOO
1RWDVVLJQULJKWVWRD6XEMHFW,QYHQWLRQLQWKH8QLWHG6WDWHVZLWKRXWWKHZULWWHQDSSURYDORIWKH
$JHQF\H[FHSWZKHUHDQDVVLJQPHQWLVPDGHWRDQRUJDQL]DWLRQWKDWKDVDVRQHRILWVSULPDU\
IXQFWLRQVWKHPDQDJHPHQWRILQYHQWLRQVSURYLGHGWKDWWKHDVVLJQHHVKDOOEHVXEMHFWWRWKHVDPH
SURYLVLRQVDVWKH&RQWUDFWRU
6KDUHUR\DOWLHVFROOHFWHGRQD6XEMHFW,QYHQWLRQZLWKWKHLQYHQWRULQFOXGLQJ)HGHUDOHPSOR\HH
FRLQYHQWRUV EXWWKURXJKWKHLU$JHQF\LIWKH$JHQF\GHHPVLWDSSURSULDWH ZKHQWKH6XEMHFW
,QYHQWLRQLVDVVLJQHGLQDFFRUGDQFHZLWK86& H DQG&)5
8VHWKHEDODQFHRIDQ\UR\DOWLHVRULQFRPHHDUQHGE\WKH&RQWUDFWRUZLWKUHVSHFWWR6XEMHFW
,QYHQWLRQVDIWHUSD\PHQWRIH[SHQVHV LQFOXGLQJSD\PHQWVWRLQYHQWRUV LQFLGHQWDOWRWKH
DGPLQLVWUDWLRQRI6XEMHFW,QYHQWLRQVIRUWKHVXSSRUWRIVFLHQWLILFUHVHDUFKRUHGXFDWLRQ
0DNHHIIRUWVWKDWDUHUHDVRQDEOHXQGHUWKHFLUFXPVWDQFHVWRDWWUDFWOLFHQVHHVRI6XEMHFW
,QYHQWLRQVWKDWDUHVPDOOEXVLQHVVFRQFHUQVDQGJLYHDSUHIHUHQFHWRDVPDOOEXVLQHVVFRQFHUQZKHQ
OLFHQVLQJD6XEMHFW,QYHQWLRQLIWKH&RQWUDFWRUGHWHUPLQHVWKDWWKHVPDOOEXVLQHVVFRQFHUQKDVDSODQ
RUSURSRVDOIRUPDUNHWLQJWKHLQYHQWLRQZKLFKLIH[HFXWHGLVHTXDOO\DVOLNHO\WREULQJWKHLQYHQWLRQ
WRSUDFWLFDODSSOLFDWLRQDVDQ\SODQVRUSURSRVDOVIURPDSSOLFDQWVWKDWDUHQRWVPDOOEXVLQHVV
FRQFHUQVSURYLGHGWKDWWKH&RQWUDFWRULVDOVRVDWLVILHGWKDWWKHVPDOOEXVLQHVVFRQFHUQKDVWKH
FDSDELOLW\DQGUHVRXUFHVWRFDUU\RXWLWVSODQRUSURSRVDO7KHGHFLVLRQZKHWKHUWRJLYHDSUHIHUHQFH
LQDQ\VSHFLILFFDVHZLOOEHDWWKHGLVFUHWLRQRIWKH&RQWUDFWRUDQG
$OORZWKH6HFUHWDU\RI&RPPHUFHWRUHYLHZWKH&RQWUDFWRU VOLFHQVLQJSURJUDPDQGGHFLVLRQV
UHJDUGLQJVPDOOEXVLQHVVDSSOLFDQWVDQGQHJRWLDWHFKDQJHVWRLWVOLFHQVLQJSROLFLHVSURFHGXUHVRU
SUDFWLFHVZLWKWKH6HFUHWDU\RI&RPPHUFHZKHQWKH6HFUHWDU\ VUHYLHZGLVFORVHVWKDWWKH&RQWUDFWRU
FRXOGWDNHUHDVRQDEOHVWHSVWRPRUHHIIHFWLYHO\LPSOHPHQWWKHUHTXLUHPHQWVRISDUDJUDSK L RI
WKLVFODXVH
M &RPPXQLFDWLRQV$OOLQYHQWLRQGLVFORVXUHVDQGUHTXHVWVIRUJUHDWHUULJKWVVKDOOEHVHQWWRWKH
$JHQF\&RQWUDFWLQJ2IILFHUDVGLUHFWHGE\WKH&RQWUDFWLQJ2IILFHU$GGLWLRQDOO\DFRS\RIDOO
GLVFORVXUHVFRQILUPDWRU\OLFHQVHVWRWKH*RYHUQPHQWIDFHSDJHRIWKHSDWHQWDSSOLFDWLRQVZDLYHUV
DQGRWKHUURXWLQHFRPPXQLFDWLRQVXQGHUWKLVIXQGLQJDJUHHPHQWDWDOOWLHUVPXVWEHVHQWWR
>,QVHUW$JHQF\$GGUHVV@
$JHQF\,QYHQWLRQ5HSRUWLQJ:HEVLWHKWWSVSXEOLFHUDQLKJRYLHGLVRQ
$OWHUQDWH, 6HSW $VSUHVFULEHGLQWKHOLFHQVHWR&ODVVLQYHQWLRQVUHFLWHGLQ
E D LVDVIROORZV
>,QVHUWGHVFULSWLRQRIOLFHQVHWR&ODVVLQYHQWLRQV@
(QGRIFODXVH
5LJKWVLQ'DWD([FHSWLRQDO&LUFXPVWDQFHV
$VSUHVFULEHGLQ++6$5LQVHUWWKHIROORZLQJFODXVHZLWKDQ\DSSURSULDWHDOWHUQDWHV
5LJKWVLQ'DWD([FHSWLRQDO&LUFXPVWDQFHV 6(37
D 'HILQLWLRQV$VXVHGLQWKLVFODXVH'HILQLWLRQVPD\EHDGGHGRUPRGLILHGLQSDUDJUDSK D DV
DSSOLFDEOH
&RPSXWHUGDWDEDVHRUGDWDEDVHPHDQVDFROOHFWLRQRIUHFRUGHGLQIRUPDWLRQLQDIRUPFDSDEOHRIDQG
IRUWKHSXUSRVHRIEHLQJVWRUHGLQSURFHVVHGDQGRSHUDWHGRQE\DFRPSXWHU7KHWHUPGRHVQRW
LQFOXGHFRPSXWHUVRIWZDUH
&RPSXWHUVRIWZDUH L 0HDQV $ &RPSXWHUSURJUDPVWKDWFRPSULVHDVHULHVRILQVWUXFWLRQVUXOHV
URXWLQHVRUVWDWHPHQWVUHJDUGOHVVRIWKHPHGLDLQZKLFKUHFRUGHGWKDWDOORZRUFDXVHDFRPSXWHU
WRSHUIRUPDVSHFLILFRSHUDWLRQRUVHULHVRIRSHUDWLRQVDQG
% 5HFRUGHGLQIRUPDWLRQFRPSULVLQJVRXUFHFRGHOLVWLQJVGHVLJQGHWDLOVDOJRULWKPVSURFHVVHVIORZ
FKDUWVIRUPXODVDQGUHODWHGPDWHULDOWKDWZRXOGHQDEOHWKHFRPSXWHUSURJUDPWREHSURGXFHG
FUHDWHGRUFRPSLOHG
LL 'RHVQRWLQFOXGHFRPSXWHUGDWDEDVHVRUFRPSXWHUVRIWZDUHGRFXPHQWDWLRQ
&RPSXWHUVRIWZDUHGRFXPHQWDWLRQPHDQVRZQHU VPDQXDOVXVHU VPDQXDOVLQVWDOODWLRQLQVWUXFWLRQV
RSHUDWLQJLQVWUXFWLRQVDQGRWKHUVLPLODULWHPVUHJDUGOHVVRIVWRUDJHPHGLXPWKDWH[SODLQWKH
FDSDELOLWLHVRIWKHFRPSXWHUVRIWZDUHRUSURYLGHLQVWUXFWLRQVIRUXVLQJWKHVRIWZDUH
'DWDPHDQVUHFRUGHGLQIRUPDWLRQUHJDUGOHVVRIIRUPRUWKHPHGLDRQZKLFKLWPD\EHUHFRUGHG7KH
WHUPLQFOXGHVWHFKQLFDOGDWDDQGFRPSXWHUVRIWZDUH7KHWHUPGRHVQRWLQFOXGHLQIRUPDWLRQ
LQFLGHQWDOWRFRQWUDFWDGPLQLVWUDWLRQVXFKDVILQDQFLDODGPLQLVWUDWLYHFRVWRUSULFLQJRU
PDQDJHPHQWLQIRUPDWLRQ
)RUPILWDQGIXQFWLRQGDWDPHDQVGDWDUHODWLQJWRLWHPVFRPSRQHQWVRUSURFHVVHVWKDWDUH
VXIILFLHQWWRHQDEOHSK\VLFDODQGIXQFWLRQDOLQWHUFKDQJHDELOLW\DQGGDWDLGHQWLI\LQJVRXUFHVL]H
FRQILJXUDWLRQPDWLQJDQGDWWDFKPHQWFKDUDFWHULVWLFVIXQFWLRQDOFKDUDFWHULVWLFVDQGSHUIRUPDQFH
UHTXLUHPHQWV)RUFRPSXWHUVRIWZDUHLWPHDQVGDWDLGHQWLI\LQJVRXUFHIXQFWLRQDOFKDUDFWHULVWLFV
DQGSHUIRUPDQFHUHTXLUHPHQWVEXWVSHFLILFDOO\H[FOXGHVWKHVRXUFHFRGHDOJRULWKPVSURFHVVHV
IRUPXODVDQGIORZFKDUWVRIWKHVRIWZDUH
/LPLWHGULJKWVPHDQVWKHULJKWVRIWKH*RYHUQPHQWLQOLPLWHGULJKWVGDWDDVVHWIRUWKLQWKH/LPLWHG
5LJKWV1RWLFHLQ$OWHUQDWH,,SDUDJUDSK J LILQFOXGHGLQWKLVFODXVHd/LPLWHGULJKWVGDWDePHDQV
GDWDRWKHUWKDQFRPSXWHUVRIWZDUHWKDWHPERG\WUDGHVHFUHWVRUDUHFRPPHUFLDORUILQDQFLDODQG
FRQILGHQWLDORUSULYLOHJHGWRWKHH[WHQWWKDWVXFKGDWDSHUWDLQWRLWHPVFRPSRQHQWVRUSURFHVVHV
GHYHORSHGDWSULYDWHH[SHQVHLQFOXGLQJPLQRUPRGLILFDWLRQV
5HVWULFWHGFRPSXWHUVRIWZDUHPHDQVFRPSXWHUVRIWZDUHGHYHORSHGDWSULYDWHH[SHQVHDQGWKDWLVD
WUDGHVHFUHWLVFRPPHUFLDORUILQDQFLDODQGFRQILGHQWLDORUSULYLOHJHGRULVFRS\ULJKWHGFRPSXWHU
VRIWZDUHLQFOXGLQJPLQRUPRGLILFDWLRQVRIWKHFRPSXWHUVRIWZDUH
5HVWULFWHGULJKWVDVXVHGLQWKLVFODXVHPHDQVWKHULJKWVRIWKH*RYHUQPHQWLQUHVWULFWHGFRPSXWHU
VRIWZDUHDVVHWIRUWKLQD5HVWULFWHG5LJKWV1RWLFHRI$OWHUQDWH,,,SDUDJUDSK J LILQFOXGHGLQ
WKLVFODXVHRUDVRWKHUZLVHPD\EHSURYLGHGLQDFROODWHUDODJUHHPHQWLQFRUSRUDWHGLQDQGPDGH
SDUWRIWKLVFRQWUDFWLQFOXGLQJPLQRUPRGLILFDWLRQVRIVXFKFRPSXWHUVRIWZDUH
7HFKQLFDOGDWDPHDQVUHFRUGHGLQIRUPDWLRQ UHJDUGOHVVRIWKHIRUPRUPHWKRGRIWKHUHFRUGLQJ RID
VFLHQWLILFRUWHFKQLFDOQDWXUH LQFOXGLQJFRPSXWHUGDWDEDVHVDQGFRPSXWHUVRIWZDUHGRFXPHQWDWLRQ 7KLVWHUPGRHVQRWLQFOXGHFRPSXWHUVRIWZDUHRUILQDQFLDODGPLQLVWUDWLYHFRVWRUSULFLQJRU
PDQDJHPHQWGDWDRURWKHULQIRUPDWLRQLQFLGHQWDOWRFRQWUDFWDGPLQLVWUDWLRQ7KHWHUPLQFOXGHV
UHFRUGHGLQIRUPDWLRQRIDVFLHQWLILFRUWHFKQLFDOQDWXUHWKDWLVLQFOXGHGLQFRPSXWHUGDWDEDVHV 6HH
86& 8QOLPLWHGULJKWVPHDQVWKHULJKWVRIWKH*RYHUQPHQWWRXVHGLVFORVHUHSURGXFHSUHSDUHGHULYDWLYH
ZRUNVGLVWULEXWHFRSLHVWRWKHSXEOLFDQGSHUIRUPSXEOLFO\DQGGLVSOD\SXEOLFO\LQDQ\PDQQHUDQG
IRUDQ\SXUSRVHDQGWRKDYHRUSHUPLWRWKHUVWRGRVR
E $OORFDWLRQRIULJKWV
([FHSWDVSURYLGHGLQSDUDJUDSK F RIWKLVFODXVHWKH*RYHUQPHQWVKDOOKDYHXQOLPLWHGULJKWVLQ
L 'DWDILUVWSURGXFHGLQWKHSHUIRUPDQFHRIWKLVFRQWUDFW
LL )RUPILWDQGIXQFWLRQGDWDGHOLYHUHGXQGHUWKLVFRQWUDFW
LLL 'DWDGHOLYHUHGXQGHUWKLVFRQWUDFW H[FHSWIRUUHVWULFWHGFRPSXWHUVRIWZDUH WKDWFRQVWLWXWH
PDQXDOVRULQVWUXFWLRQDODQGWUDLQLQJPDWHULDOIRULQVWDOODWLRQRSHUDWLRQRUURXWLQHPDLQWHQDQFH
DQGUHSDLURILWHPVFRPSRQHQWVRUSURFHVVHVGHOLYHUHGRUIXUQLVKHGIRUXVHXQGHUWKLVFRQWUDFW
DQG
LY $OORWKHUGDWDGHOLYHUHGXQGHUWKLVFRQWUDFWXQOHVVSURYLGHGRWKHUZLVHIRUOLPLWHGULJKWVGDWDRU
UHVWULFWHGFRPSXWHUVRIWZDUHLQDFFRUGDQFHZLWKSDUDJUDSK J RIWKLVFODXVH
7KH&RQWUDFWRUVKDOOKDYHWKHULJKWWR
L $VVHUWFRS\ULJKWLQGDWDILUVWSURGXFHGLQWKHSHUIRUPDQFHRIWKLVFRQWUDFWWRWKHH[WHQWSURYLGHG
LQSDUDJUDSK F RIWKLVFODXVH
LL 8VHUHOHDVHWRRWKHUVUHSURGXFHGLVWULEXWHRUSXEOLVKDQ\GDWDILUVWSURGXFHGRUVSHFLILFDOO\
XVHGE\WKH&RQWUDFWRULQWKHSHUIRUPDQFHRIWKLVFRQWUDFWXQOHVVSURYLGHGRWKHUZLVHLQSDUDJUDSK
G RIWKLVFODXVH
LLL 6XEVWDQWLDWHWKHXVHRIDGGRUFRUUHFWOLPLWHGULJKWVUHVWULFWHGULJKWVRUFRS\ULJKWQRWLFHVDQG
WRWDNHRWKHUDSSURSULDWHDFWLRQLQDFFRUGDQFHZLWKSDUDJUDSKV H DQG I RIWKLVFODXVHDQG
LY 3URWHFWIURPXQDXWKRUL]HGGLVFORVXUHDQGXVHWKRVHGDWDWKDWDUHOLPLWHGULJKWVGDWDRU
UHVWULFWHGFRPSXWHUVRIWZDUHWRWKHH[WHQWSURYLGHGLQSDUDJUDSK J RIWKLVFODXVH
F &RS\ULJKW
'DWDILUVWSURGXFHGLQWKHSHUIRUPDQFHRIWKLVFRQWUDFW L 8QOHVVSURYLGHGRWKHUZLVHLQ
SDUDJUDSK G RIWKLVFODXVHWKH&RQWUDFWRUPD\ZLWKRXWSULRUDSSURYDORIWKH&RQWUDFWLQJ2IILFHU
DVVHUWFRS\ULJKWLQVFLHQWLILFDQGWHFKQLFDODUWLFOHVEDVHGRQRUFRQWDLQLQJGDWDILUVWSURGXFHGLQWKH
SHUIRUPDQFHRIWKLVFRQWUDFWDQGSXEOLVKHGLQDFDGHPLFWHFKQLFDORUSURIHVVLRQDOMRXUQDOVV\PSRVLD
SURFHHGLQJVRUVLPLODUZRUNV7KHSULRUH[SUHVVZULWWHQSHUPLVVLRQRIWKH&RQWUDFWLQJ2IILFHULV
UHTXLUHGWRDVVHUWFRS\ULJKWLQDOORWKHUGDWDILUVWSURGXFHGLQWKHSHUIRUPDQFHRIWKLVFRQWUDFW
LL :KHQDXWKRUL]HGWRDVVHUWFRS\ULJKWWRWKHGDWDWKH&RQWUDFWRUVKDOODIIL[WKHDSSOLFDEOH
FRS\ULJKWQRWLFHVRI86&RUDQGDQDFNQRZOHGJPHQWRI*RYHUQPHQWVSRQVRUVKLS
LQFOXGLQJFRQWUDFWQXPEHU LLL )RUGDWDRWKHUWKDQFRPSXWHUVRIWZDUHWKH&RQWUDFWRUJUDQWVWRWKH*RYHUQPHQWDQGRWKHUV
DFWLQJRQLWVEHKDOIDSDLGXSQRQH[FOXVLYHLUUHYRFDEOHZRUOGZLGHOLFHQVHLQVXFKFRS\ULJKWHGGDWD
WRUHSURGXFHSUHSDUHGHULYDWLYHZRUNVGLVWULEXWHFRSLHVWRWKHSXEOLFDQGSHUIRUPSXEOLFO\DQG
GLVSOD\SXEOLFO\E\RURQEHKDOIRIWKH*RYHUQPHQW)RUFRPSXWHUVRIWZDUHWKH&RQWUDFWRUJUDQWVWR
WKH*RYHUQPHQWDQGRWKHUVDFWLQJRQLWVEHKDOIDSDLGXSQRQH[FOXVLYHLUUHYRFDEOHZRUOGZLGH
OLFHQVHLQVXFKFRS\ULJKWHGFRPSXWHUVRIWZDUHWRUHSURGXFHSUHSDUHGHULYDWLYHZRUNVDQGSHUIRUP
SXEOLFO\DQGGLVSOD\SXEOLFO\ EXWQRWWRGLVWULEXWHFRSLHVWRWKHSXEOLF E\RURQEHKDOIRIWKH
*RYHUQPHQW
'DWDQRWILUVWSURGXFHGLQWKHSHUIRUPDQFHRIWKLVFRQWUDFW7KH&RQWUDFWRUVKDOOQRWZLWKRXWWKH
SULRUZULWWHQSHUPLVVLRQRIWKH&RQWUDFWLQJ2IILFHULQFRUSRUDWHLQGDWDGHOLYHUHGXQGHUWKLVFRQWUDFW
DQ\GDWDQRWILUVWSURGXFHGLQWKHSHUIRUPDQFHRIWKLVFRQWUDFWXQOHVVWKH&RQWUDFWRU
L ,GHQWLILHVWKHGDWDDQG
LL *UDQWVWRWKH*RYHUQPHQWRUDFTXLUHVRQLWVEHKDOIDOLFHQVHRIWKHVDPHVFRSHDVVHWIRUWKLQ
SDUDJUDSK F RIWKLVFODXVHRULIVXFKGDWDDUHUHVWULFWHGFRPSXWHUVRIWZDUHWKH*RYHUQPHQW
VKDOODFTXLUHDFRS\ULJKWOLFHQVHDVVHWIRUWKLQSDUDJUDSK J RIWKLVFODXVH LILQFOXGHGLQWKLV
FRQWUDFW RUDVRWKHUZLVHSURYLGHGLQDFROODWHUDODJUHHPHQWLQFRUSRUDWHGLQRUPDGHSDUWRIWKLV
FRQWUDFW
5HPRYDORIFRS\ULJKWQRWLFHV7KH*RYHUQPHQWZLOOQRWUHPRYHDQ\DXWKRUL]HGFRS\ULJKWQRWLFHV
SODFHGRQGDWDSXUVXDQWWRWKLVSDUDJUDSK F DQGZLOOLQFOXGHVXFKQRWLFHVRQDOOUHSURGXFWLRQVRI
WKHGDWD
G 5HOHDVHSXEOLFDWLRQDQGXVHRIGDWD7KH&RQWUDFWRUVKDOOKDYHWKHULJKWWRXVHUHOHDVHWR
RWKHUVUHSURGXFHGLVWULEXWHRUSXEOLVKDQ\GDWDILUVWSURGXFHGRUVSHFLILFDOO\XVHGE\WKH
&RQWUDFWRULQWKHSHUIRUPDQFHRIWKLVFRQWUDFWH[FHSW
$VSURKLELWHGE\)HGHUDOODZRUUHJXODWLRQ HJH[SRUWFRQWURORUQDWLRQDOVHFXULW\ODZVRU
UHJXODWLRQV $VH[SUHVVO\VHWIRUWKLQWKLVFRQWUDFWRU
,IWKH&RQWUDFWRUUHFHLYHVRULVJLYHQDFFHVVWRGDWDQHFHVVDU\IRUWKHSHUIRUPDQFHRIWKLV
FRQWUDFWWKDWFRQWDLQUHVWULFWLYHPDUNLQJVWKH&RQWUDFWRUVKDOOWUHDWWKHGDWDLQDFFRUGDQFHZLWK
VXFKPDUNLQJVXQOHVVVSHFLILFDOO\DXWKRUL]HGRWKHUZLVHLQZULWLQJE\WKH&RQWUDFWLQJ2IILFHURULQ
WKHIROORZLQJSDUDJUDSKV
,QDGGLWLRQWRDQ\RWKHUSURYLVLRQVVHWIRUWKLQWKLVFRQWUDFWWKH&RQWUDFWRUVKDOOHQVXUHWKDW
LQIRUPDWLRQFRQFHUQLQJSRVVLEOHLQYHQWLRQVPDGHXQGHUWKLVFRQWUDFWLVQRWSUHPDWXUHO\SXEOLVKHG
WKHUHE\DGYHUVHO\DIIHFWLQJWKHDELOLW\WRREWDLQSDWHQWSURWHFWLRQRQVXFKLQYHQWLRQV$FFRUGLQJO\
WKH&RQWUDFWRUZLOOSURYLGHWKH&RQWUDFWLQJ2IILFHUDFRS\RIDQ\SXEOLFDWLRQRURWKHUSXEOLF
GLVFORVXUHUHODWLQJWRWKHZRUNSHUIRUPHGXQGHUWKLVFRQWUDFWDWOHDVWGD\VLQDGYDQFHRIWKH
GLVFORVXUH8SRQWKH&RQWUDFWLQJ2IILFHU VUHTXHVWWKH&RQWUDFWRUDJUHHVWRGHOD\WKHSXEOLF
GLVFORVXUHRIVXFKGDWDRUSXEOLFDWLRQRIDVSHFLILHGSDSHUIRUDUHDVRQDEOHWLPHVSHFLILHGE\WKH
&RQWUDFWLQJ2IILFHUQRWWRH[FHHGPRQWKVWRDOORZIRUWKHILOLQJRIGRPHVWLFDQGLQWHUQDWLRQDO
SDWHQWDSSOLFDWLRQVLQDFFRUGDQFHZLWK&ODXVH3DWHQW5LJKWV([FHSWLRQDO
&LUFXPVWDQFHV DEEUHYLDWHGPRQWKDQG\HDURI)LQDO5XOHSXEOLFDWLRQ 'DWDRQ0DWHULDO V 7KH&RQWUDFWRUDJUHHVWKDWLQDFFRUGDQFHZLWKSDUDJUDSK G SURSULHWDU\
GDWDRQ0DWHULDO V SURYLGHGWRWKH&RQWUDFWRUXQGHURUWKURXJKWKLVFRQWUDFWVKDOOEHXVHGRQO\IRU
WKHSXUSRVHIRUZKLFKWKH\ZHUHSURYLGHGLQFOXGLQJVFUHHQLQJHYDOXDWLRQRURSWLPL]DWLRQDQGIRUQR
RWKHUSXUSRVH
&RQILGHQWLDOLW\
L 7KH&RQWUDFWRUVKDOOWDNHDOOUHDVRQDEOHSUHFDXWLRQVWRPDLQWDLQ&RQILGHQWLDO,QIRUPDWLRQDV
FRQILGHQWLDOEXWQROHVVWKDQWKHVWHSV&RQWUDFWRUWDNHVWRVHFXUHLWVRZQFRQILGHQWLDOLQIRUPDWLRQ
LL &RQWUDFWRUVKDOOPDLQWDLQ&RQILGHQWLDO,QIRUPDWLRQDVFRQILGHQWLDOXQOHVVVSHFLILFDOO\DXWKRUL]HG
RWKHUZLVHLQZULWLQJE\WKH&RQWUDFWLQJ2IILFHU&RQILGHQWLDO,QIRUPDWLRQLQFOXGHVGRHVQRWLQFOXGH
>*RYHUQPHQWPD\GHILQHFRQILGHQWLDOLQIRUPDWLRQKHUH@
H 8QDXWKRUL]HGPDUNLQJRIGDWD
1RWZLWKVWDQGLQJDQ\RWKHUSURYLVLRQVRIWKLVFRQWUDFWFRQFHUQLQJLQVSHFWLRQRUDFFHSWDQFHLIDQ\
GDWDGHOLYHUHGXQGHUWKLVFRQWUDFWDUHPDUNHGZLWKWKHQRWLFHVVSHFLILHGLQSDUDJUDSK J RU RI
WKLVFODXVH LIWKRVHDOWHUQDWHSDUDJUDSKVDUHLQFOXGHGLQWKLVFODXVH DQGXVHRIWKHQRWLFHVLVQRW
DXWKRUL]HGE\WKLVFODXVHRULIWKHGDWDEHDUVDQ\RWKHUUHVWULFWLYHRUOLPLWLQJPDUNLQJVQRW
DXWKRUL]HGE\WKLVFRQWUDFWWKH&RQWUDFWLQJ2IILFHUPD\FDQFHORULJQRUHWKHPDUNLQJV+RZHYHU
SXUVXDQWWR86&GWKHIROORZLQJSURFHGXUHVVKDOODSSO\SULRUWRFDQFHOLQJRULJQRULQJWKH
PDUNLQJV
L 7KH&RQWUDFWLQJ2IILFHUZLOOPDNHZULWWHQLQTXLU\WRWKH&RQWUDFWRUDIIRUGLQJWKH&RQWUDFWRU
GD\VIURPUHFHLSWRIWKHLQTXLU\WRSURYLGHZULWWHQMXVWLILFDWLRQWRVXEVWDQWLDWHWKHSURSULHW\RIWKH
PDUNLQJV
LL ,IWKH&RQWUDFWRUIDLOVWRUHVSRQGRUIDLOVWRSURYLGHZULWWHQMXVWLILFDWLRQWRVXEVWDQWLDWHWKH
SURSULHW\RIWKHPDUNLQJVZLWKLQWKHGD\SHULRG RUDORQJHUWLPHDSSURYHGLQZULWLQJE\WKH
&RQWUDFWLQJ2IILFHUIRUJRRGFDXVHVKRZQ WKH*RYHUQPHQWVKDOOKDYHWKHULJKWWRFDQFHORULJQRUH
WKHPDUNLQJVDWDQ\WLPHDIWHUVDLGSHULRGDQGWKHGDWDZLOOQRORQJHUEHPDGHVXEMHFWWRDQ\
GLVFORVXUHSURKLELWLRQV
LLL ,IWKH&RQWUDFWRUSURYLGHVZULWWHQMXVWLILFDWLRQWRVXEVWDQWLDWHWKHSURSULHW\RIWKHPDUNLQJV
ZLWKLQWKHSHULRGVHWLQSDUDJUDSK H L RIWKLVFODXVHWKH&RQWUDFWLQJ2IILFHUZLOOFRQVLGHUVXFK
ZULWWHQMXVWLILFDWLRQDQGGHWHUPLQHZKHWKHURUQRWWKHPDUNLQJVDUHWREHFDQFHOOHGRULJQRUHG,I
WKH&RQWUDFWLQJ2IILFHUGHWHUPLQHVWKDWWKHPDUNLQJVDUHDXWKRUL]HGWKH&RQWUDFWRUZLOOEHVR
QRWLILHGLQZULWLQJ,IWKH&RQWUDFWLQJ2IILFHUGHWHUPLQHVZLWKFRQFXUUHQFHRIWKH+HDGRIWKH
&RQWUDFWLQJ$FWLYLW\WKDWWKHPDUNLQJVDUHQRWDXWKRUL]HGWKH&RQWUDFWLQJ2IILFHUZLOOIXUQLVKWKH
&RQWUDFWRUDZULWWHQGHWHUPLQDWLRQZKLFKGHWHUPLQDWLRQZLOOEHFRPHWKHILQDO$JHQF\GHFLVLRQ
UHJDUGLQJWKHDSSURSULDWHQHVVRIWKHPDUNLQJVXQOHVVWKH&RQWUDFWRUILOHVVXLWLQDFRXUWRI
FRPSHWHQWMXULVGLFWLRQZLWKLQGD\VRIUHFHLSWRIWKH&RQWUDFWLQJ2IILFHU VGHFLVLRQ7KH
*RYHUQPHQWZLOOFRQWLQXHWRDELGHE\WKHPDUNLQJVXQGHUWKLVSDUDJUDSK H LLL XQWLOILQDO
UHVROXWLRQRIWKHPDWWHUHLWKHUE\WKH&RQWUDFWLQJ2IILFHU VGHWHUPLQDWLRQEHFRPLQJILQDO LQZKLFK
LQVWDQFHWKH*RYHUQPHQWZLOOWKHUHDIWHUKDYHWKHULJKWWRFDQFHORULJQRUHWKHPDUNLQJVDWDQ\WLPH
DQGWKHGDWDZLOOQRORQJHUEHPDGHVXEMHFWWRDQ\GLVFORVXUHSURKLELWLRQV RUE\ILQDOGLVSRVLWLRQRI
WKHPDWWHUE\FRXUWGHFLVLRQLIVXLWLVILOHG
7KHWLPHOLPLWVLQWKHSURFHGXUHVVHWIRUWKLQSDUDJUDSK H RIWKLVFODXVHPD\EHPRGLILHGLQ
DFFRUGDQFHZLWK$JHQF\UHJXODWLRQVLPSOHPHQWLQJWKH)UHHGRPRI,QIRUPDWLRQ$FW 86& LI
QHFHVVDU\WRUHVSRQGWRDUHTXHVWWKHUHXQGHU
([FHSWWRWKHH[WHQWWKH*RYHUQPHQW VDFWLRQRFFXUVDVWKHUHVXOWRIILQDOGLVSRVLWLRQRIWKH
PDWWHUE\DFRXUWRIFRPSHWHQWMXULVGLFWLRQWKH&RQWUDFWRULVQRWSUHFOXGHGE\WKLVSDUDJUDSK H
IURPEULQJLQJDFODLPLQDFFRUGDQFHZLWKWKH'LVSXWHVFODXVHRIWKLVFRQWUDFWWKDWPD\DULVHDVWKH
UHVXOWRIWKH*RYHUQPHQWUHPRYLQJRULJQRULQJDXWKRUL]HGPDUNLQJVRQGDWDGHOLYHUHGXQGHUWKLV
FRQWUDFW
I 2PLWWHGRULQFRUUHFWPDUNLQJV
'DWDGHOLYHUHGWRWKH*RYHUQPHQWZLWKRXWDQ\UHVWULFWLYHPDUNLQJVVKDOOEHGHHPHGWRKDYHEHHQ
IXUQLVKHGZLWKXQOLPLWHGULJKWV7KH*RYHUQPHQWLVQRWOLDEOHIRUWKHGLVFORVXUHXVHRUUHSURGXFWLRQ
RIVXFKGDWD
,IWKHXQPDUNHGGDWDKDVQRWEHHQGLVFORVHGZLWKRXWUHVWULFWLRQRXWVLGHWKH*RYHUQPHQWWKH
&RQWUDFWRUPD\UHTXHVWZLWKLQPRQWKV RUDORQJHUWLPHDSSURYHGE\WKH&RQWUDFWLQJ2IILFHULQ
ZULWLQJIRUJRRGFDXVHVKRZQ DIWHUGHOLYHU\RIWKHGDWDSHUPLVVLRQWRKDYHDXWKRUL]HGQRWLFHV
SODFHGRQWKHGDWDDWWKH&RQWUDFWRU VH[SHQVH7KH&RQWUDFWLQJ2IILFHUPD\DJUHHWRGRVRLIWKH
&RQWUDFWRU
L ,GHQWLILHVWKHGDWDWRZKLFKWKHRPLWWHGQRWLFHLVWREHDSSOLHG
LL 'HPRQVWUDWHVWKDWWKHRPLVVLRQRIWKHQRWLFHZDVLQDGYHUWHQW
LLL (VWDEOLVKHVWKDWWKHSURSRVHGQRWLFHLVDXWKRUL]HGDQG
LY $FNQRZOHGJHVWKDWWKH*RYHUQPHQWKDVQROLDELOLW\IRUWKHGLVFORVXUHXVHRUUHSURGXFWLRQRI
DQ\GDWDPDGHSULRUWRWKHDGGLWLRQRIWKHQRWLFHRUUHVXOWLQJIURPWKHRPLVVLRQRIWKHQRWLFH
,IGDWDKDVEHHQPDUNHGZLWKDQLQFRUUHFWQRWLFHWKH&RQWUDFWLQJ2IILFHUPD\
L 3HUPLWFRUUHFWLRQRIWKHQRWLFHDWWKH&RQWUDFWRU VH[SHQVHLIWKH&RQWUDFWRULGHQWLILHVWKHGDWD
DQGGHPRQVWUDWHVWKDWWKHFRUUHFWQRWLFHLVDXWKRUL]HGRU
LL &RUUHFWDQ\LQFRUUHFWQRWLFHV
J 3URWHFWLRQRIOLPLWHGULJKWVGDWDDQGUHVWULFWHGFRPSXWHUVRIWZDUH
7KH&RQWUDFWRUPD\ZLWKKROGIURPGHOLYHU\TXDOLI\LQJOLPLWHGULJKWVGDWDRUUHVWULFWHGFRPSXWHU
VRIWZDUHWKDWDUHQRWGDWDLGHQWLILHGLQSDUDJUDSKV E L WKURXJK LLL RIWKLVFODXVH$VDFRQGLWLRQ
WRWKLVZLWKKROGLQJWKH&RQWUDFWRUVKDOO
L ,GHQWLI\WKHGDWDEHLQJZLWKKHOGDQG
LL )XUQLVKIRUPILWDQGIXQFWLRQGDWDLQVWHDG
/LPLWHGULJKWVGDWDWKDWDUHIRUPDWWHGDVDFRPSXWHUGDWDEDVHIRUGHOLYHU\WRWKH*RYHUQPHQW
VKDOOEHWUHDWHGDVOLPLWHGULJKWVGDWDDQGQRWUHVWULFWHGFRPSXWHUVRIWZDUH
>5HVHUYHG@
K 6XEFRQWUDFWLQJ7KH&RQWUDFWRUVKDOOREWDLQIURPLWVVXEFRQWUDFWRUVDOOGDWDDQGULJKWVWKHUHLQ
QHFHVVDU\WRIXOILOOWKH&RQWUDFWRU VREOLJDWLRQVWRWKH*RYHUQPHQWXQGHUWKLVFRQWUDFW,ID
VXEFRQWUDFWRUUHIXVHVWRDFFHSWWHUPVDIIRUGLQJWKH*RYHUQPHQWWKRVHULJKWVWKH&RQWUDFWRUVKDOO
SURPSWO\QRWLI\WKH&RQWUDFWLQJ2IILFHURIWKHUHIXVDODQGVKDOOQRWSURFHHGZLWKWKHVXEFRQWUDFW
DZDUGZLWKRXWDXWKRUL]DWLRQLQZULWLQJIURPWKH&RQWUDFWLQJ2IILFHU
L 5HODWLRQVKLSWRSDWHQWVRURWKHUULJKWV1RWKLQJFRQWDLQHGLQWKLVFODXVHVKDOOLPSO\DOLFHQVHWR
WKH*RYHUQPHQWXQGHUDQ\SDWHQWRUEHFRQVWUXHGDVDIIHFWLQJWKHVFRSHRIDQ\OLFHQVHRURWKHUULJKW
RWKHUZLVHJUDQWHGWRWKH*RYHUQPHQW
(QGRIFODXVH
$OWHUQDWH, 6HSW $VSUHVFULEHGLQ++6$5VXEVWLWXWHWKHIROORZLQJGHILQLWLRQIRU
dOLPLWHGULJKWVGDWDeLQSDUDJUDSK D RIWKHEDVLFFODXVH
/LPLWHGULJKWVGDWDPHDQVGDWDRWKHUWKDQFRPSXWHUVRIWZDUHGHYHORSHGDWSULYDWHH[SHQVHWKDW
HPERG\WUDGHVHFUHWVRUDUHFRPPHUFLDORUILQDQFLDODQGFRQILGHQWLDORUSULYLOHJHG
$OWHUQDWH,, 6HSW $VSUHVFULEHGLQ++6$5LQVHUWWKHIROORZLQJSDUDJUDSK J LQ
WKHEDVLFFODXVH
J 1RWZLWKVWDQGLQJSDUDJUDSK J
RIWKLVFODXVHWKHFRQWUDFWPD\LGHQWLI\DQGVSHFLI\WKHGHOLYHU\RIOLPLWHGULJKWVGDWDRUWKH
&RQWUDFWLQJ2IILFHUPD\UHTXLUHE\ZULWWHQUHTXHVWWKHGHOLYHU\RIOLPLWHGULJKWVGDWDWKDWKDVEHHQ
ZLWKKHOGRUZRXOGRWKHUZLVHEHHQWLWOHGWREHZLWKKHOG,IGHOLYHU\RIWKDWGDWDLVUHTXLUHGWKH
&RQWUDFWRUVKDOODIIL[WKHIROORZLQJd/LPLWHG5LJKWV1RWLFHeWRWKHGDWDDQGWKH*RYHUQPHQWZLOO
WUHDWWKHGDWDVXEMHFWWRWKHSURYLVLRQVRISDUDJUDSKV H DQG I RIWKLVFODXVHLQDFFRUGDQFHZLWK
WKHQRWLFH
/LPLWHG5LJKWV1RWLFH 6(37
D 7KHVHGDWDDUHVXEPLWWHGZLWKOLPLWHGULJKWVXQGHU*RYHUQPHQW&RQWUDFW1RBBBB DQG
VXEFRQWUDFWBBBBLIDSSURSULDWH 7KHVHGDWDPD\EHUHSURGXFHGDQGXVHGE\WKH*RYHUQPHQWZLWK
WKHH[SUHVVOLPLWDWLRQWKDWWKH\ZLOOQRWZLWKRXWZULWWHQSHUPLVVLRQRIWKH&RQWUDFWRUEHXVHGIRU
SXUSRVHVRIPDQXIDFWXUHQRUGLVFORVHGRXWVLGHWKH*RYHUQPHQWH[FHSWWKDWWKH*RYHUQPHQWPD\
GLVFORVHWKHVHGDWDRXWVLGHWKH*RYHUQPHQWIRUWKHIROORZLQJSXUSRVHVLIDQ\SURYLGHGWKDWWKH
*RYHUQPHQWPDNHVVXFKGLVFORVXUHVXEMHFWWRSURKLELWLRQDJDLQVWIXUWKHUXVHDQGGLVFORVXUH
$JHQFLHVPD\OLVWDGGLWLRQDOSXUSRVHVRULIQRQHVRVWDWH
E 7KLVQRWLFHVKDOOEHPDUNHGRQDQ\UHSURGXFWLRQRIWKHVHGDWDLQZKROHRULQSDUW
(QGRIQRWLFH
$OWHUQDWH,,, 6(37 $VSUHVFULEHGLQ++6$5LQVHUWWKHIROORZLQJSDUDJUDSK J LQ
WKHEDVLFFODXVH J L 1RWZLWKVWDQGLQJSDUDJUDSK J RIWKLVFODXVHWKHFRQWUDFWPD\LGHQWLI\
DQGVSHFLI\WKHGHOLYHU\RIUHVWULFWHGFRPSXWHUVRIWZDUHRUWKH&RQWUDFWLQJ2IILFHUPD\UHTXLUHE\
ZULWWHQUHTXHVWWKHGHOLYHU\RIUHVWULFWHGFRPSXWHUVRIWZDUHWKDWKDVEHHQZLWKKHOGRUZRXOG
RWKHUZLVHEHHQWLWOHGWREHZLWKKHOG,IGHOLYHU\RIWKDWFRPSXWHUVRIWZDUHLVUHTXLUHGWKH
&RQWUDFWRUVKDOODIIL[WKHIROORZLQJd5HVWULFWHG5LJKWV1RWLFHeWRWKHFRPSXWHUVRIWZDUHDQGWKH
*RYHUQPHQWZLOOWUHDWWKHFRPSXWHUVRIWZDUHVXEMHFWWRSDUDJUDSKV H DQG I RIWKLVFODXVHLQ
DFFRUGDQFHZLWKWKHQRWLFH
5HVWULFWHG5LJKWV1RWLFH 6(37
D 7KLVFRPSXWHUVRIWZDUHLVVXEPLWWHGZLWKUHVWULFWHGULJKWVXQGHU*RYHUQPHQW&RQWUDFW1RBBBB
DQGVXEFRQWUDFWBBBBLIDSSURSULDWH ,WPD\QRWEHXVHGUHSURGXFHGRUGLVFORVHGE\WKH
*RYHUQPHQWH[FHSWDVSURYLGHGLQSDUDJUDSK E RIWKLVQRWLFHRUDVRWKHUZLVHH[SUHVVO\VWDWHGLQ
WKHFRQWUDFW
E 7KLVFRPSXWHUVRIWZDUHPD\EH
8VHGRUFRSLHGIRUXVHZLWKWKHFRPSXWHU V IRUZKLFKLWZDVDFTXLUHGLQFOXGLQJXVHDWDQ\
*RYHUQPHQWLQVWDOODWLRQWRZKLFKWKHFRPSXWHU V PD\EHWUDQVIHUUHG
8VHGRUFRSLHGIRUXVHZLWKDEDFNXSFRPSXWHULIDQ\FRPSXWHUIRUZKLFKLWZDVDFTXLUHGLV
LQRSHUDWLYH
5HSURGXFHGIRUVDIHNHHSLQJ DUFKLYHV RUEDFNXSSXUSRVHV
0RGLILHGDGDSWHGRUFRPELQHGZLWKRWKHUFRPSXWHUVRIWZDUHSURYLGHGWKDWWKHPRGLILHG
DGDSWHGRUFRPELQHGSRUWLRQVRIWKHGHULYDWLYHVRIWZDUHLQFRUSRUDWLQJDQ\RIWKHGHOLYHUHG
UHVWULFWHGFRPSXWHUVRIWZDUHVKDOOEHVXEMHFWWRWKHVDPHUHVWULFWHGULJKWV
'LVFORVHGWRDQGUHSURGXFHGIRUXVHE\VXSSRUWVHUYLFH&RQWUDFWRUVRUWKHLUVXEFRQWUDFWRUVLQ
DFFRUGDQFHZLWKSDUDJUDSKV E WKURXJK RIWKLVQRWLFHDQG
8VHGRUFRSLHGIRUXVHZLWKDUHSODFHPHQWFRPSXWHU
F 1RWZLWKVWDQGLQJWKHIRUHJRLQJLIWKLVFRPSXWHUVRIWZDUHLVFRS\ULJKWHGFRPSXWHUVRIWZDUHLWLV
OLFHQVHGWRWKH*RYHUQPHQWZLWKWKHPLQLPXPULJKWVVHWIRUWKLQSDUDJUDSK E RIWKLVQRWLFH
G $Q\RWKHUULJKWVRUOLPLWDWLRQVUHJDUGLQJWKHXVHGXSOLFDWLRQRUGLVFORVXUHRIWKLVFRPSXWHU
VRIWZDUHDUHWREHH[SUHVVO\VWDWHGLQRULQFRUSRUDWHGLQWKHFRQWUDFW
H 7KLVQRWLFHVKDOOEHPDUNHGRQDQ\UHSURGXFWLRQRIWKLVFRPSXWHUVRIWZDUHLQZKROHRULQSDUW
(QGRIQRWLFH
LL :KHUHLWLVLPSUDFWLFDOWRLQFOXGHWKH5HVWULFWHG5LJKWV1RWLFHRQUHVWULFWHGFRPSXWHUVRIWZDUH
WKHIROORZLQJVKRUWIRUPQRWLFHPD\EHXVHGLQVWHDG
5HVWULFWHG5LJKWV1RWLFH6KRUW)RUP 6(37
8VHUHSURGXFWLRQRUGLVFORVXUHLVVXEMHFWWRUHVWULFWLRQVVHWIRUWKLQ&RQWUDFW1RBBBB DQG
VXEFRQWUDFWLIDSSURSULDWH ZLWKBBBB QDPHRI&RQWUDFWRUDQGVXEFRQWUDFWRU (QGRIQRWLFH
LLL ,IUHVWULFWHGFRPSXWHUVRIWZDUHLVGHOLYHUHGZLWKWKHFRS\ULJKWQRWLFHRI86&LWZLOOEH
SUHVXPHGWREHOLFHQVHGWRWKH*RYHUQPHQWZLWKRXWGLVFORVXUHSURKLELWLRQVZLWKWKHPLQLPXP
ULJKWVVHWIRUWKLQSDUDJUDSK E RIWKLVFODXVH
$OWHUQDWH,96HSW $VSUHVFULEHGLQ++6$5VXEVWLWXWHWKHIROORZLQJSDUDJUDSK F IRUSDUDJUDSK F RIWKHEDVLFFODXVH
F &RS\ULJKW
'DWDILUVWSURGXFHGLQWKHSHUIRUPDQFHRIWKHFRQWUDFW([FHSWDVRWKHUZLVHVSHFLILFDOO\SURYLGHG
LQWKLVFRQWUDFWWKH&RQWUDFWRUPD\DVVHUWFRS\ULJKWLQDQ\GDWDILUVWSURGXFHGLQWKHSHUIRUPDQFH
RIWKLVFRQWUDFW:KHQDVVHUWLQJFRS\ULJKWWKH&RQWUDFWRUVKDOODIIL[WKHDSSOLFDEOHFRS\ULJKWQRWLFH
RI86&RUDQGDQDFNQRZOHGJPHQWRI*RYHUQPHQWVSRQVRUVKLS LQFOXGLQJFRQWUDFW
QXPEHU WRWKHGDWDZKHQVXFKGDWDDUHGHOLYHUHGWRWKH*RYHUQPHQWDVZHOODVZKHQWKHGDWDDUH
SXEOLVKHGRUGHSRVLWHGIRUUHJLVWUDWLRQDVDSXEOLVKHGZRUNLQWKH86&RS\ULJKW2IILFH)RUGDWD
RWKHUWKDQFRPSXWHUVRIWZDUHWKH&RQWUDFWRUJUDQWVWRWKH*RYHUQPHQWDQGRWKHUVDFWLQJRQLWV
EHKDOIDSDLGXSQRQH[FOXVLYHLUUHYRFDEOHZRUOGZLGHOLFHQVHIRUDOOVXFKGDWDWRUHSURGXFH
SUHSDUHGHULYDWLYHZRUNVGLVWULEXWHFRSLHVWRWKHSXEOLFDQGSHUIRUPSXEOLFO\DQGGLVSOD\SXEOLFO\
E\RURQEHKDOIRIWKH*RYHUQPHQW)RUFRPSXWHUVRIWZDUHWKH&RQWUDFWRUJUDQWVWRWKH*RYHUQPHQW
DQGRWKHUVDFWLQJRQLWVEHKDOIDSDLGXSQRQH[FOXVLYHLUUHYRFDEOHZRUOGZLGHOLFHQVHIRUDOOVXFK
FRPSXWHUVRIWZDUHWRUHSURGXFHSUHSDUHGHULYDWLYHZRUNVDQGSHUIRUPSXEOLFO\DQGGLVSOD\
SXEOLFO\ EXWQRWWRGLVWULEXWHFRSLHVWRWKHSXEOLF E\RURQEHKDOIRIWKH*RYHUQPHQW
$OWHUQDWH9 6HSW $VSUHVFULEHGLQ++6$5DGGWKHIROORZLQJSDUDJUDSK M WRWKH
EDVLFFODXVH
M 7KH&RQWUDFWRUDJUHHVH[FHSWDVPD\EHRWKHUZLVHVSHFLILHGLQWKLVFRQWUDFWIRUVSHFLILFGDWD
GHOLYHUDEOHVOLVWHGDVQRWVXEMHFWWRWKLVSDUDJUDSKWKDWWKH&RQWUDFWLQJ2IILFHUPD\XSWR\HDUV
DIWHUDFFHSWDQFHRIDOOGHOLYHUDEOHVXQGHUWKLVFRQWUDFWLQVSHFWDWWKH&RQWUDFWRU VIDFLOLW\DQ\GDWD
ZLWKKHOGSXUVXDQWWRSDUDJUDSK J
RIWKLVFODXVHIRUSXUSRVHVRIYHULI\LQJWKH&RQWUDFWRU VDVVHUWLRQRIOLPLWHGULJKWVRUUHVWULFWHG
ULJKWVVWDWXVRIWKHGDWDRUIRUHYDOXDWLQJZRUNSHUIRUPDQFH:KHQWKH&RQWUDFWRUZKRVHGDWDDUHWR
EHLQVSHFWHGGHPRQVWUDWHVWRWKH&RQWUDFWLQJ2IILFHUWKDWWKHUHZRXOGEHDSRVVLEOHFRQIOLFWRI
LQWHUHVWLIDSDUWLFXODUUHSUHVHQWDWLYHPDGHWKHLQVSHFWLRQWKH&RQWUDFWLQJ2IILFHUVKDOOGHVLJQDWHDQ
DOWHUQDWHLQVSHFWRU
(QGRIFODXVH
3XEOLFDWLRQVDQG3XEOLFLW\
$VSUHVFULEHGLQ++6$5WKH&RQWUDFWLQJ2IILFHUVKDOOLQVHUWWKHIROORZLQJFODXVH
3XEOLFDWLRQVDQG3XEOLFLW\ '(&
D 8QOHVVRWKHUZLVHVSHFLILHGLQWKLVFRQWUDFWWKH&RQWUDFWRUPD\SXEOLVKWKHUHVXOWVRILWVZRUN
XQGHUWKLVFRQWUDFW7KH&RQWUDFWRUVKDOOSURPSWO\VHQGDFRS\RIHDFKDUWLFOHVXEPLWWHGIRU
SXEOLFDWLRQWRWKH&RQWUDFWLQJ2IILFHU V5HSUHVHQWDWLYH7KH&RQWUDFWRUVKDOODOVRLQIRUPWKH
&RQWUDFWLQJ2IILFHU V5HSUHVHQWDWLYHZKHQWKHDUWLFOHRURWKHUSXEOLFDWLRQLVSXEOLVKHGDQGIXUQLVKD
FRS\RILWDVILQDOO\SXEOLVKHG
E 8QOHVVDXWKRUL]HGLQZULWLQJE\WKH&RQWUDFWLQJ2IILFHUWKH&RQWUDFWRUVKDOOQRWGLVSOD\WKH++6
ORJRLQFOXGLQJ2SHUDWLQJ'LYLVLRQRU6WDII'LYLVLRQORJRVRQDQ\SXEOLFDWLRQV
F 7KH&RQWUDFWRUVKDOOQRWUHIHUHQFHWKHSURGXFW V RUVHUYLFH V DZDUGHGXQGHUWKLVFRQWUDFWLQ
FRPPHUFLDODGYHUWLVLQJDVGHILQHGLQ)$5LQDQ\PDQQHUZKLFKVWDWHVRULPSOLHV++6
DSSURYDORUHQGRUVHPHQWRIWKHSURGXFW V RUVHUYLFH V SURYLGHG
G 7KHFRQWUDFWRUVKDOOLQFOXGHWKLVFODXVHLQFOXGLQJWKLVVHFWLRQ G LQDOOVXEFRQWUDFWVZKHUHWKH
VXEFRQWUDFWRUPD\SURSRVHSXEOLVKLQJWKHUHVXOWVRILWVZRUNXQGHUWKHVXEFRQWUDFW
(QGRIFODXVH
6DODU\5DWH/LPLWDWLRQ
$VSUHVFULEHGLQ++6$5 E WKH&RQWUDFWLQJ2IILFHUVKDOOLQVHUWWKHIROORZLQJFODXVH
6DODU\5DWH/LPLWDWLRQ '(&
D 7KH&RQWUDFWRUVKDOOQRWXVHFRQWUDFWIXQGVWRSD\WKHGLUHFWVDODU\RIDQLQGLYLGXDODWDUDWHLQ
H[FHVVRIWKH)HGHUDO([HFXWLYH6FKHGXOH/HYHO,,LQHIIHFWRQWKHGDWHWKHIXQGLQJZDVREOLJDWHG
E )RUSXUSRVHVRIWKHVDODU\UDWHOLPLWDWLRQWKHWHUPVdGLUHFWVDODU\edVDODU\eDQGdLQVWLWXWLRQDO
EDVHVDODU\eKDYHWKHVDPHPHDQLQJDQGDUHFROOHFWLYHO\UHIHUUHGWRDVdGLUHFWVDODU\eLQWKLV
FODXVH$QLQGLYLGXDO VGLUHFWVDODU\LVWKHDQQXDOFRPSHQVDWLRQWKDWWKH&RQWUDFWRUSD\VIRUDQ
LQGLYLGXDO VGLUHFWHIIRUW FRVWV XQGHUWKHFRQWUDFW'LUHFWVDODU\H[FOXGHVDQ\LQFRPHWKDWDQ
LQGLYLGXDOPD\EHSHUPLWWHGWRHDUQRXWVLGHRIGXWLHVWRWKH&RQWUDFWRU'LUHFWVDODU\DOVRH[FOXGHV
IULQJHEHQHILWVRYHUKHDGDQGJHQHUDODQGDGPLQLVWUDWLYHH[SHQVHV DOVRUHIHUUHGWRDVLQGLUHFWFRVWV
RUIDFLOLWLHVDQGDGPLQLVWUDWLYHFRVWV 7KHVDODU\UDWHOLPLWDWLRQGRHVQRWUHVWULFWWKHVDODU\WKDWDQ
RUJDQL]DWLRQPD\SD\DQLQGLYLGXDOZRUNLQJXQGHUD'HSDUWPHQWRI+HDOWKDQG+XPDQ6HUYLFHV
FRQWUDFWRURUGHULWPHUHO\OLPLWVWKHSRUWLRQRIWKDWVDODU\WKDWPD\EHSDLGZLWKFRQWUDFWIXQGV
F 7KHVDODU\UDWHOLPLWDWLRQDOVRDSSOLHVWRLQGLYLGXDOVXQGHUVXEFRQWUDFWV
G ,IWKLVLVDPXOWLSOH\HDUFRQWUDFWRURUGHULWPD\EHVXEMHFWWRXQLODWHUDOPRGLILFDWLRQE\WKH
&RQWUDFWLQJ2IILFHUWRHQVXUHWKDWDQLQGLYLGXDOLVQRWSDLGDWDUDWHWKDWH[FHHGVWKHVDODU\UDWH
OLPLWDWLRQSURYLVLRQHVWDEOLVKHGLQWKH++6DSSURSULDWLRQVDFWXVHGWRIXQGWKLVFRQWUDFW
H 6HHWKHVDODULHVDQGZDJHVSD\WDEOHVRQWKH2IILFHRI3HUVRQQHO0DQDJHPHQW:HEVLWHIRU
)HGHUDO([HFXWLYH6FKHGXOHVDODU\OHYHOV
(QGRIFODXVH
,QFUHPHQWDO)XQGLQJ
$VSUHVFULEHGLQ++6$5 E WKH&RQWUDFWLQJ2IILFHUVKDOOLQVHUWWKHSURYLVLRQSURYLGHG
EHORZLQDOOVROLFLWDWLRQVZKHQDFRVWUHLPEXUVHPHQWFRQWUDFWIRUVHYHUDEOHVHUYLFHVXVLQJ
LQFUHPHQWDOIXQGLQJLVFRQWHPSODWHG
,QFUHPHQWDO)XQGLQJ '(&
7KH*RYHUQPHQWLQWHQGVWRQHJRWLDWHDQGDZDUGDFRVWUHLPEXUVHPHQWFRQWUDFWXVLQJLQFUHPHQWDO
IXQGLQJDVGHVFULEHGLQWKHFODXVHDW)$5d/LPLWDWLRQRI)XQGVe7KHLQLWLDOREOLJDWLRQRI
IXQGVXQGHUWKHFRQWUDFWLVH[SHFWHGWRFRYHU>LQVHUWWKHDSSURSULDWHLQFUHPHQWRISHUIRUPDQFH@
7KH*RYHUQPHQWLQWHQGVWRREOLJDWHDGGLWLRQDOIXQGVXSWRDQGLQFOXGLQJWKHIXOOHVWLPDWHGFRVWRI
WKHFRQWUDFWIRUWKHUHPDLQLQJSHULRGVRISHUIRUPDQFHE\XQLODWHUDOFRQWUDFWPRGLILFDWLRQ+RZHYHU
WKH*RYHUQPHQWLVQRWUHTXLUHGWRUHLPEXUVHWKH&RQWUDFWRUIRUFRVWVLQFXUUHGLQH[FHVVRIWKHWRWDO
DPRXQWREOLJDWHGQRULVWKH&RQWUDFWRUUHTXLUHGWRSHUIRUPEH\RQGWKHOHYHOVXSSRUWHGE\WKHWRWDO
DPRXQWREOLJDWHG
(QGRISURYLVLRQ
(OHFWURQLFVXEPLVVLRQRISD\PHQWUHTXHVWV
$VSUHVFULEHGLQ++6$5XVHWKHIROORZLQJFODXVH
(OHFWURQLF6XEPLVVLRQRI3D\PHQW5HTXHVWV
D 'HILQLWLRQV$VXVHGLQWKLVFODXVH
3D\PHQWUHTXHVWPHDQVDELOOYRXFKHULQYRLFHRUUHTXHVWIRUFRQWUDFWILQDQFLQJSD\PHQWZLWK
DVVRFLDWHGVXSSRUWLQJGRFXPHQWDWLRQ7KHSD\PHQWUHTXHVWPXVWFRPSO\ZLWKWKHUHTXLUHPHQWV
LGHQWLILHGLQ)$5 E d&RQWHQWRI,QYRLFHVeDQGWKHDSSOLFDEOH3D\PHQWFODXVHLQFOXGHGLQWKLV
FRQWUDFW
E ([FHSWDVSURYLGHGLQSDUDJUDSK F RIWKLVFODXVHWKH&RQWUDFWRUVKDOOVXEPLWSD\PHQWUHTXHVWV
HOHFWURQLFDOO\XVLQJWKH'HSDUWPHQWRI7UHDVXU\,QYRLFH3URFHVVLQJ3ODWIRUP ,33 RUVXFFHVVRU
V\VWHP,QIRUPDWLRQUHJDUGLQJ,33LQFOXGLQJ,33&XVWRPHU6XSSRUWFRQWDFWLQIRUPDWLRQLVDYDLODEOH
DWZZZLSSJRYRUDQ\VXFFHVVRUVLWH
F 7KH&RQWUDFWRUPD\VXEPLWSD\PHQWUHTXHVWVXVLQJRWKHUWKDQ,33RQO\ZKHQWKH&RQWUDFWLQJ
2IILFHUDXWKRUL]HVDOWHUQDWHSURFHGXUHVLQZULWLQJLQDFFRUGDQFHZLWK++6SURFHGXUHV
G ,IDOWHUQDWHSD\PHQWSURFHGXUHVDUHDXWKRUL]HGWKH&RQWUDFWRUVKDOOLQFOXGHDFRS\RIWKH
&RQWUDFWLQJ2IILFHU VZULWWHQDXWKRUL]DWLRQZLWKHDFKSD\PHQWUHTXHVW
(QGRI&ODXVH
&KRLFHRI/DZ 2YHUVHDV $VSUHVFULEHGLQ++6$5 D WKH&RQWUDFWLQJ2IILFHUVKDOOLQVHUWWKHIROORZLQJFODXVH
&KRLFHRI/DZ 2YHUVHDV '(&
7KLVFRQWUDFWVKDOOEHFRQVWUXHGLQDFFRUGDQFHZLWKWKHVXEVWDQWLYHODZVRIWKH8QLWHG6WDWHVRI
$PHULFD%\WKHH[HFXWLRQRIWKLVFRQWUDFWWKH&RQWUDFWRUH[SUHVVO\DJUHHVWRZDLYHDQ\ULJKWVWR
LQYRNHWKHMXULVGLFWLRQRIORFDOQDWLRQDOFRXUWVZKHUHWKLVFRQWUDFWLVSHUIRUPHGDQGDJUHHVWRDFFHSW
WKHH[FOXVLYHMXULVGLFWLRQRIWKH8QLWHG6WDWHV&LYLOLDQ%RDUGRI&RQWUDFW$SSHDOVRUWKH8QLWHG
6WDWHV&RXUWRI)HGHUDO&ODLPVIRUKHDULQJDQGGHWHUPLQDWLRQRIDQ\DQGDOOGLVSXWHVWKDWPD\DULVH
XQGHUWKH'LVSXWHVFODXVHRIWKLVFRQWUDFW
(QGRIFODXVH
/LWLJDWLRQDQG&ODLPV
$VSUHVFULEHGLQ++6$5 E WKH&RQWUDFWLQJ2IILFHUVKDOOLQVHUWWKHIROORZLQJFODXVH
/LWLJDWLRQDQG&ODLPV '(&
D 7KH&RQWUDFWRUVKDOOSURYLGHZULWWHQQRWLILFDWLRQLPPHGLDWHO\WRWKH&RQWUDFWLQJ2IILFHURIDQ\
DFWLRQLQFOXGLQJDQ\SURFHHGLQJEHIRUHDQDGPLQLVWUDWLYHDJHQF\ILOHGDJDLQVWWKH&RQWUDFWRU
DULVLQJRXWRIWKHSHUIRUPDQFHRIWKLVFRQWUDFWLQFOXGLQJEXWQRWOLPLWHGWRWKHSHUIRUPDQFHRIDQ\
VXEFRQWUDFWKHUHXQGHUDQGDQ\FODLPDJDLQVWWKH&RQWUDFWRUWKHFRVWDQGH[SHQVHRIZKLFKLV
DOORZDEOHXQGHUWKHFODXVHHQWLWOHGd$OORZDEOH&RVWDQG3D\PHQWe
E ([FHSWDVRWKHUZLVHGLUHFWHGE\WKH&RQWUDFWLQJ2IILFHUWKH&RQWUDFWRUVKDOOIXUQLVKLPPHGLDWHO\
WRWKH&RQWUDFWLQJ2IILFHUFRSLHVRIDOOSHUWLQHQWGRFXPHQWVUHFHLYHGE\WKH&RQWUDFWRUZLWKUHVSHFW
WRVXFKDFWLRQRUFODLP7RWKHH[WHQWQRWLQFRQIOLFWZLWKDQ\DSSOLFDEOHSROLF\RILQVXUDQFHWKH
&RQWUDFWRUPD\ZLWKWKH&RQWUDFWLQJ2IILFHU VDSSURYDOVHWWOHDQ\VXFKDFWLRQRUFODLP,IUHTXLUHG
E\WKH&RQWUDFWLQJ2IILFHUWKH&RQWUDFWRUVKDOOHIIHFWDQDVVLJQPHQWDQGVXEURJDWLRQLQIDYRURIWKH
*RYHUQPHQWRIDOOWKH&RQWUDFWRU VULJKWVDQGFODLPV H[FHSWWKRVHDJDLQVWWKH*RYHUQPHQW DULVLQJ
RXWRIDQ\VXFKDFWLRQRUFODLPDJDLQVWWKH&RQWUDFWRUDQGDXWKRUL]HUHSUHVHQWDWLYHVRIWKH
*RYHUQPHQWWRVHWWOHRUGHIHQGDQ\VXFKDFWLRQRUFODLPDQGWRUHSUHVHQWWKH&RQWUDFWRULQRUWR
WDNHFKDUJHRIDQ\DFWLRQ
F ,IWKH*RYHUQPHQWXQGHUWDNHVDVHWWOHPHQWRUGHIHQVHRIDQDFWLRQRUFODLPWKH&RQWUDFWRUVKDOO
IXUQLVKDOOUHDVRQDEOHDVVLVWDQFHLQHIIHFWLQJDVHWWOHPHQWRUDVVHUWLQJDGHIHQVH:KHUHDQDFWLRQ
DJDLQVWWKH&RQWUDFWRULVQRWFRYHUHGE\DSROLF\RILQVXUDQFHWKH&RQWUDFWRUVKDOOZLWKWKH
DSSURYDORIWKH&RQWUDFWLQJ2IILFHUSURFHHGZLWKWKHGHIHQVHRIWKHDFWLRQLQJRRGIDLWK7KH
*RYHUQPHQWVKDOOQRWEHOLDEOHIRUWKHH[SHQVHRIGHIHQGLQJDQ\DFWLRQRUIRUDQ\FRVWVUHVXOWLQJ
IURPWKHORVVWKHUHRIWRWKHH[WHQWWKDWWKH&RQWUDFWRUZRXOGKDYHEHHQFRPSHQVDWHGE\LQVXUDQFH
ZKLFKZDVUHTXLUHGE\RWKHUWHUPVRUFRQGLWLRQVRIWKLVFRQWUDFWE\ODZRUUHJXODWLRQRUE\ZULWWHQ
GLUHFWLRQRIWKH&RQWUDFWLQJ2IILFHUEXWZKLFKWKH&RQWUDFWRUIDLOHGWRVHFXUHWKURXJKLWVRZQIDXOW
RUQHJOLJHQFH,QDQ\HYHQWXQOHVVRWKHUZLVHH[SUHVVO\SURYLGHGLQWKLVFRQWUDFWWKH*RYHUQPHQW
VKDOOQRWUHLPEXUVHRULQGHPQLI\WKH&RQWUDFWRUIRUDQ\OLDELOLW\ORVVFRVWRUH[SHQVHZKLFKWKH
&RQWUDFWRUPD\LQFXURUEHVXEMHFWWRE\UHDVRQRIDQ\ORVVLQMXU\RUGDPDJHWRWKHSHUVRQRUWR
UHDORUSHUVRQDOSURSHUW\RIDQ\WKLUGSDUWLHVDVPD\DFFUXHGXULQJRUDULVHIURPWKHSHUIRUPDQFH
RIWKLVFRQWUDFW
(QGRIFODXVH
'HVLJQ%XLOG&RQWUDFWV
$VSUHVFULEHGLQ++6$5 D WKH&RQWUDFWLQJ2IILFHUVKDOOLQVHUWWKHIROORZLQJFODXVH
'HVLJQ%XLOG&RQWUDFWV '(&
D *HQHUDO
7KHFRQWUDFWFRQVWLWXWHVDQGGHILQHVWKHHQWLUHDJUHHPHQWEHWZHHQWKH&RQWUDFWRUDQGWKH
*RYHUQPHQW7KLVFRQWUDFWLQFOXGHVWKHVWDQGDUGRUVSHFLDOFRQWUDFWFODXVHVDQGVFKHGXOHVLQFOXGHG
DWWKHWLPHRIDZDUG7KLVFRQWUDFWLQFRUSRUDWHVE\UHIHUHQFH
L 7KHVROLFLWDWLRQLQLWVHQWLUHW\ ZLWKWKHH[FHSWLRQRILQVWUXFWLRQVWRRIIHURUVDQGHYDOXDWLRQ
FULWHULDZKLFKGRQRWEHFRPHSDUWRIWKHDZDUGGRFXPHQW LL 7KHVSHFLILFDWLRQVDQGVWDWHPHQWRIZRUN
LLL $OOGUDZLQJVFXWVDQGLOOXVWUDWLRQVLQFOXGHGLQWKHVROLFLWDWLRQDQGDQ\DPHQGPHQWVGXULQJDOO
SURSRVDOSKDVHVOHDGLQJXSWRDZDUG
LY ([KLELWVDQGRWKHUDWWDFKPHQWVDQG
Y 7KHVXFFHVVIXO2IIHURU VDFFHSWHGSURSRVDO
,QWKHHYHQWRIFRQIOLFWRULQFRQVLVWHQF\EHWZHHQDQ\RIWKHUHTXLUHPHQWVRIWKHYDULRXVSRUWLRQV
RIWKLVFRQWUDFWSUHFHGHQFHVKDOOEHJLYHQLQWKHIROORZLQJRUGHU
L %HWWHUPHQWV$Q\SRUWLRQVRIWKH2IIHURU VSURSRVDOZKLFKH[FHHGWKHUHTXLUHPHQWVRIWKH
VROLFLWDWLRQDQGZKLFKJREH\RQGUHSDLUDQGLPSURYHWKHYDOXHRIWKHSURSHUW\
LL 7KHFRQWUDFWFODXVHVDQGVFKHGXOHVLQFOXGHGGXULQJWKHVROLFLWDWLRQRUDWWKHWLPHRIDZDUG
LLL $OOUHTXLUHPHQWV RWKHUWKDQEHWWHUPHQWV RIWKHDFFHSWHGSURSRVDO
LY $Q\GHVLJQSURGXFWVLQFOXGLQJEXWQRWOLPLWHGWRSODQVVSHFLILFDWLRQVHQJLQHHULQJVWXGLHVDQG
DQDO\VHVVKRSGUDZLQJVHTXLSPHQWLQVWDOODWLRQGUDZLQJVHWF7KHVHDUHdGHOLYHUDEOHVeXQGHUWKH
FRQWUDFWDQGDUHQRWSDUWRIWKHFRQWUDFWLWVHOI
'HVLJQSURGXFWVPXVWFRQIRUPWRDOOUHTXLUHPHQWVRIWKHFRQWUDFWLQWKHRUGHURISUHFHGHQFH
VWDWHGKHUH
E 5HVSRQVLELOLW\RIWKHFRQWUDFWRUIRUGHVLJQ
7KH&RQWUDFWRUVKDOOEHUHVSRQVLEOHIRUWKHSURIHVVLRQDOTXDOLW\WHFKQLFDODFFXUDF\DQGWKH
FRRUGLQDWLRQRIDOOGHVLJQVGUDZLQJVVSHFLILFDWLRQVDQGRWKHUQRQFRQVWUXFWLRQVHUYLFHVIXUQLVKHG
E\WKH&RQWUDFWRUXQGHUWKLVFRQWUDFW7KH&RQWUDFWRUVKDOOZLWKRXWDGGLWLRQDOFRPSHQVDWLRQ
FRUUHFWRUUHYLVHDQ\HUURUVRUGHILFLHQF\LQLWVGHVLJQVGUDZLQJVVSHFLILFDWLRQVDQGRWKHUQRQ
FRQVWUXFWLRQVHUYLFHVDQGSHUIRUPDQ\QHFHVVDU\UHZRUNRUPRGLILFDWLRQVLQFOXGLQJDQ\GDPDJHWR
UHDORUSHUVRQDOSURSHUW\UHVXOWLQJIURPWKHGHVLJQHUURURURPLVVLRQ
1HLWKHUWKH*RYHUQPHQW VUHYLHZDSSURYDORUDFFHSWDQFHRIQRUSD\PHQWIRUWKHVHUYLFHV
UHTXLUHGXQGHUWKLVFRQWUDFWVKDOOEHFRQVWUXHGWRRSHUDWHDVDZDLYHURIDQ\ULJKWVXQGHUWKLV
FRQWUDFWRURIDQ\FDXVHRIDFWLRQDULVLQJRXWRIWKHSHUIRUPDQFHRIWKLVFRQWUDFW7KH&RQWUDFWRU
VKDOOEHDQGUHPDLQOLDEOHWRWKH*RYHUQPHQWLQDFFRUGDQFHZLWKDSSOLFDEOHODZIRUDOOGDPDJHVWR
WKH*RYHUQPHQWFDXVHGE\WKH&RQWUDFWRU VQHJOLJHQWSHUIRUPDQFHRIDQ\RIWKHVHVHUYLFHVIXUQLVKHG
XQGHUWKLVFRQWUDFW
7KHULJKWVDQGUHPHGLHVRIWKH*RYHUQPHQWSURYLGHGIRUXQGHUWKLVFRQWUDFWDUHLQDGGLWLRQWR
DQ\RWKHUULJKWVDQGUHPHGLHVSURYLGHGE\ODZ
,IWKH&RQWUDFWRULVFRPSULVHGRIPRUHWKDQRQHOHJDOHQWLW\HDFKVXFKHQWLW\VKDOOEHMRLQWO\DQG
VHYHUDOO\OLDEOHZLWKUHVSHFWWRDOOULJKWVDQGUHPHGLHVRIWKH*RYHUQPHQW
F 6HTXHQFHRIGHVLJQFRQVWUXFWLRQ
$IWHUUHFHLSWRIWKH&RQWUDFW$ZDUGWKH&RQWUDFWRUVKDOOLQLWLDWHGHVLJQFRPSO\ZLWKDOOGHVLJQ
VXEPLVVLRQUHTXLUHPHQWVDQGREWDLQ*RYHUQPHQWUHYLHZRIHDFKVXEPLVVLRQ1RFRQVWUXFWLRQPD\
EHVWDUWHGXQWLOWKH*RYHUQPHQWUHYLHZVWKH)LQDO'HVLJQVXEPLVVLRQDQGGHWHUPLQHVLWVDWLVIDFWRU\
IRUSXUSRVHVRIEHJLQQLQJFRQVWUXFWLRQ7KH&RQWUDFWLQJ2IILFHUZLOOQRWLI\WKH&RQWUDFWRUZKHQWKH
GHVLJQLVFOHDUHGIRUFRQVWUXFWLRQ7KH*RYHUQPHQWZLOOQRWJUDQWDQ\WLPHH[WHQVLRQIRUDQ\GHVLJQ
UHVXEPLWWDOUHTXLUHGZKHQLQWKHRSLQLRQRIWKH&RQWUDFWLQJ2IILFHUWKHLQLWLDOVXEPLVVLRQIDLOHGWR
PHHWWKHPLQLPXPTXDOLW\UHTXLUHPHQWVDVVHWIRUWKLQWKH&RQWUDFW
,IWKH*RYHUQPHQWDOORZVWKH&RQWUDFWRUWRSURFHHGZLWKOLPLWHGFRQVWUXFWLRQEDVHGRQSHQGLQJ
PLQRUUHYLVLRQVWRWKHUHYLHZHG)LQDO'HVLJQVXEPLVVLRQQRSD\PHQWZLOOEHPDGHIRUDQ\
FRPSOHWHGRULQSURJUHVVFRQVWUXFWLRQUHODWHGWRWKHSHQGLQJUHYLVLRQVXQWLOWKH\DUHFRPSOHWHG
UHVXEPLWWHGDQGDUHVDWLVIDFWRU\WRWKH*RYHUQPHQW
1RSD\PHQWZLOOEHPDGHIRUDQ\FRPSOHWHGRULQSURJUHVVFRQVWUXFWLRQXQWLODOOUHTXLUHG
VXEPLWWDOVKDYHEHHQPDGHUHYLHZHGDQGDUHVDWLVIDFWRU\WRWKH*RYHUQPHQW
G &RQVWUXFWRU VUROHGXULQJGHVLJQ7KH&RQWUDFWRU VFRQVWUXFWLRQPDQDJHPHQWNH\SHUVRQQHOVKDOO
EHDFWLYHO\LQYROYHGGXULQJWKHGHVLJQSURFHVVWRHIIHFWLYHO\LQWHJUDWHWKHGHVLJQDQGFRQVWUXFWLRQ
UHTXLUHPHQWVRIWKLVFRQWUDFW,QDGGLWLRQWRWKHW\SLFDOUHTXLUHGFRQVWUXFWLRQDFWLYLWLHVWKH
FRQVWUXFWRU VLQYROYHPHQWLQFOXGHVEXWLVQRWOLPLWHGWRDFWLRQVVXFKDVLQWHJUDWLQJWKHGHVLJQ
VFKHGXOHLQWRWKH0DVWHU6FKHGXOHWRPD[LPL]HWKHHIIHFWLYHQHVVRIIDVWWUDFNLQJGHVLJQDQG
FRQVWUXFWLRQ ZLWKLQWKHOLPLWVLIDQ\DOORZHGLQWKHFRQWUDFW HQVXULQJFRQVWUXFWDELOLW\DQG
HFRQRP\RIWKHGHVLJQLQWHJUDWLQJWKHVKRSGUDZLQJDQGLQVWDOODWLRQGUDZLQJSURFHVVLQWRWKH
GHVLJQH[HFXWLQJWKHPDWHULDODQGHTXLSPHQWDFTXLVLWLRQSURJUDPVWRPHHWFULWLFDOVFKHGXOHV
HIIHFWLYHO\LQWHUIDFLQJWKHFRQVWUXFWLRQ4XDOLW\&RQWURO 4& SURJUDPZLWKWKHGHVLJQ4&SURJUDP
DQGPDLQWDLQLQJDQGSURYLGLQJWKHGHVLJQWHDPZLWKDFFXUDWHXSWRGDWHUHGOLQHDQGDVEXLOW
GRFXPHQWDWLRQ7KH&RQWUDFWRUVKDOOUHTXLUHDQGPDQDJHWKHDFWLYHLQYROYHPHQWRINH\WUDGH
VXEFRQWUDFWRUVLQWKHDERYHDFWLYLWLHV
H 3UHFRQVWUXFWLRQFRQIHUHQFH
$SUHFRQVWUXFWLRQFRQIHUHQFHZLOOEHDUUDQJHGE\WKH&RQWUDFWLQJ2IILFHUDIWHUDZDUGRIFRQWUDFW
DQGEHIRUHFRPPHQFHPHQWRIZRUN7KH&RQWUDFWLQJ2IILFHURUGHVLJQDWHGUHSUHVHQWDWLYHZLOOQRWLI\
WKH&RQWUDFWRURIWKHWLPHGDWHDQGORFDWLRQIRUWKHPHHWLQJ$WWKLVFRQIHUHQFHWKH&RQWUDFWRU
VKDOOEHRULHQWHGZLWKUHVSHFWWR*RYHUQPHQWSURFHGXUHVDQGOLQHRIDXWKRULW\FRQWUDFWXDO
DGPLQLVWUDWLYHDQGFRQVWUXFWLRQPDWWHUV
7KH&RQWUDFWRUVKDOOEULQJWRWKLVFRQIHUHQFHLQFRPSOHWHGIRUPD&HUWLILFDWHRI,QVXUDQFHSOXV
WKHIROORZLQJLWHPVLQHLWKHUFRPSOHWHGRUGUDIWIRUP
L $FFLGHQW3UHYHQWLRQ3ODQ
LL 4XDOLW\&RQWURO3ODQ
LLL /HWWHU$SSRLQWLQJ6XSHULQWHQGHQW
LY 7UDQVPLWWDO5HJLVWHU
Y 3RZHURI$WWRUQH\DQG&HUWLILHG&RS\RI5HVROXWLRQ
YL 1HWZRUN$QDO\VLV6\VWHP ZKHQLGHQWLILHGLQWKHFRQWUDFWVFKHGXOHDVDSSOLFDEOH YLL /LVWRI6XEFRQWUDFWRUV
YLLL 6)
L[ 3HUIRUPDQFHDQG3D\PHQW%RQGVDQG
[ 6FKHGXOHRI9DOXHV
$OHWWHURIUHFRUGZLOOEHZULWWHQGRFXPHQWLQJDOOLWHPVGLVFXVVHGDWWKHFRQIHUHQFHDQGDFRS\
ZLOOEHIXUQLVKHGE\WKH&RQWUDFWLQJ2IILFHUWRDOOLQDWWHQGDQFH
I 3D\PHQWIRUGHVLJQXQGHUIL[HGSULFHGHVLJQEXLOGFRQWUDFWV
7KH&RQWUDFWLQJ2IILFHUPD\DSSURYHSURJUHVVSD\PHQWVIRUZRUNSHUIRUPHGGXULQJWKHSURMHFW
GHVLJQSKDVHXSWRWKHPD[LPXPDPRXQWRIBBBB &RQWUDFWLQJ2IILFHUWRLQVHUWSHUFHQWILJXUH,IQRQH
VWDWHGWKHDPRXQWLVIRXU SHUFHQW SHUFHQWRIWKHFRQWUDFWSULFH
&RQWUDFWRULQYRLFHVIRUSD\PHQWPXVWEHDFFRPSDQLHGE\VDWLVIDFWRU\GRFXPHQWDWLRQVXSSRUWLQJ
WKHDPRXQWVIRUZKLFKSD\PHQWVDUHUHTXHVWHG3URJUHVVSD\PHQWVDSSURYHGE\WKH&RQWUDFWLQJ
2IILFHUGXULQJWKHSURMHFWGHVLJQSKDVHLQQRZD\FRQVWLWXWHDQDFFHSWDQFHRIIXQFWLRQDODQG
DHVWKHWLFGHVLJQHOHPHQWVQRUDFFHSWDQFHRIDILQDOVHWWOHPHQWDPRXQWLQWKHHYHQWRIDEX\RXWQRU
DZDLYHURIDQ\FRQWUDFWXDOUHTXLUHPHQWV
J 8QVFKHGXOHGMREVLWHVKXWGRZQV'XHWRVHFXULW\UHDVRQVGXULQJWKHOLIHRIWKLVFRQWUDFWWKH
*RYHUQPHQWPD\RQDQXQVFKHGXOHGEDVLVUHTXLUHWKHFRQWUDFWRUWRVKXWGRZQLWVMREVLWHIRUGD\V
SHU\HDUDWQRDGGLWLRQDOFRVW7KLVVKDOOQRWFRQVWLWXWHDVXVSHQVLRQRIZRUNXQGHU)$5
6XVSHQVLRQRI:RUN
(QGRIFODXVH
$OWHUQDWH, '(& :KHQ)DVW7UDFNSURFHGXUHVDUHEHLQJXVHGUHSODFHSDUDJUDSK F RIWKHEDVLFFODXVHZLWKWKH
IROORZLQJ
F 6HTXHQFHRIGHVLJQEXLOG
$IWHUUHFHLSWRIWKH&RQWUDFW$ZDUGWKH&RQWUDFWRUVKDOOLQLWLDWHGHVLJQFRPSO\ZLWKDOOGHVLJQ
VXEPLVVLRQVUHTXLUHPHQWVDQGREWDLQ*RYHUQPHQWUHYLHZRIHDFKVXEPLVVLRQ7KHFRQWUDFWRUPD\
EHJLQFRQVWUXFWLRQRQSRUWLRQVRIWKHZRUNIRUZKLFKWKH*RYHUQPHQWKDVUHYLHZHGWKHILQDOGHVLJQ
VXEPLVVLRQDQGKDVGHWHUPLQHGVDWLVIDFWRU\IRUSXUSRVHVRIEHJLQQLQJFRQVWUXFWLRQ7KH&RQWUDFWLQJ
2IILFHUZLOOQRWLI\WKH&RQWUDFWRUZKHQWKHGHVLJQLVFOHDUHGIRUFRQVWUXFWLRQ7KH*RYHUQPHQWZLOO
QRWJUDQWDQ\WLPHH[WHQVLRQIRUDQ\GHVLJQUHVXEPLWWDOUHTXLUHGZKHQLQWKHRSLQLRQRIWKH
&RQWUDFWLQJ2IILFHUWKHLQLWLDOVXEPLVVLRQIDLOHGWRPHHWWKHPLQLPXPTXDOLW\UHTXLUHPHQWVDVVHW
IRUWKLQWKH&RQWUDFW
,IWKH*RYHUQPHQWDOORZVWKH&RQWUDFWRUWRSURFHHGZLWKWKHFRQVWUXFWLRQEDVHGRQSHQGLQJ
PLQRUUHYLVLRQVWRWKHUHYLHZHG)LQDO'HVLJQVXEPLVVLRQQRSD\PHQWZLOOEHPDGHIRUDQ\LQSODFH
FRQVWUXFWLRQUHODWHGWRWKHSHQGLQJUHYLVLRQVXQWLOWKH\DUHFRPSOHWHGUHVXEPLWWHGDQGDUH
VDWLVIDFWRU\WRWKH*RYHUQPHQW
1RSD\PHQWZLOOEHPDGHIRUDQ\LQSODFHFRQVWUXFWLRQXQWLODOOUHTXLUHGVXEPLWWDOVKDYHEHHQ
PDGHUHYLHZHGDQGDUHVDWLVIDFWRU\WRWKH*RYHUQPHQW
(QGRIFODXVH
3UR&KLOGUHQ$FW
$VSUHVFULEHGLQ++6$5 G WKH&RQWUDFWLQJ2IILFHUVKDOOLQVHUWWKHIROORZLQJFODXVH
3UR&KLOGUHQ$FW '(&
D 3XEOLF/DZ7LWOH;3DUW&DOVRNQRZQDVWKH3UR&KLOGUHQ$FWRI $FW 86&
LPSRVHVUHVWULFWLRQVRQVPRNLQJLQIDFLOLWLHVZKHUHFHUWDLQIHGHUDOO\IXQGHGFKLOGUHQ VVHUYLFHV
DUHSURYLGHG7KH$FWSURKLELWVVPRNLQJZLWKLQDQ\LQGRRUIDFLOLW\ RUSRUWLRQWKHUHRI ZKHWKHU
RZQHGOHDVHGRUFRQWUDFWHGIRUWKDWLVXVHGIRUWKHURXWLQHRUUHJXODUSURYLVLRQRI L
.LQGHUJDUWHQHOHPHQWDU\RUVHFRQGDU\HGXFDWLRQRUOLEUDU\VHUYLFHVRU LL KHDOWKRUGD\FDUH
VHUYLFHVWKDWDUHSURYLGHGWRFKLOGUHQXQGHUWKHDJHRI7KHVWDWXWRU\SURKLELWLRQDOVRDSSOLHVWR
LQGRRUIDFLOLWLHVWKDWDUHFRQVWUXFWHGRSHUDWHGRUPDLQWDLQHGZLWK)HGHUDOIXQGV
E %\DFFHSWDQFHRIWKLVFRQWUDFWRURUGHUWKH&RQWUDFWRUDJUHHVWRFRPSO\ZLWKWKHUHTXLUHPHQWV
RIWKH$FW7KH$FWDOVRDSSOLHVWRDOOVXEFRQWUDFWVDZDUGHGXQGHUWKLVFRQWUDFWIRUWKHVSHFLILHG
FKLOGUHQ VVHUYLFHV$FFRUGLQJO\WKH&RQWUDFWRUVKDOOHQVXUHWKDWHDFKRILWVHPSOR\HHVDQGDQ\
VXEFRQWUDFWRUVWDIILVPDGHDZDUHRIXQGHUVWDQGVDQGFRPSOLHVZLWKWKHSURYLVLRQVRIWKH$FW
)DLOXUHWRFRPSO\ZLWKWKH$FWPD\UHVXOWLQWKHLPSRVLWLRQRIDFLYLOPRQHWDU\SHQDOW\LQDQDPRXQW
QRWWRH[FHHGIRUHDFKYLRODWLRQDQGRUWKHLPSRVLWLRQRIDQDGPLQLVWUDWLYHFRPSOLDQFHRUGHU
RQWKHUHVSRQVLEOHHQWLW\(DFKGD\DYLRODWLRQFRQWLQXHVFRQVWLWXWHVDVHSDUDWHYLRODWLRQ
&ULPH&RQWURO$FW5HSRUWLQJRI&KLOG$EXVH
$VSUHVFULEHGLQ++6$5 G WKH&RQWUDFWLQJ2IILFHUVKDOOLQVHUWWKHIROORZLQJFODXVH
&ULPH&RQWURO$FWRI5HSRUWLQJRI&KLOG$EXVH '(&
D 3XEOLF/DZDOVRNQRZQDVWKH&ULPH&RQWURO$FWRI $FW LPSRVHVUHVSRQVLELOLWLHV
RQFHUWDLQLQGLYLGXDOVZKRZKLOHHQJDJHGLQDSURIHVVLRQDOFDSDFLW\RUDFWLYLW\DVGHILQHGLQWKH
$FWRQ)HGHUDOODQGRULQDIHGHUDOO\RSHUDWHG RUFRQWUDFWHG IDFLOLW\OHDUQRIIDFWVWKDWJLYHWKH
LQGLYLGXDOUHDVRQWRVXVSHFWWKDWDFKLOGKDVVXIIHUHGDQLQFLGHQWRIFKLOGDEXVH
E 7KH$FWGHVLJQDWHVdFRYHUHGSURIHVVLRQDOVeDVWKRVHSHUVRQVHQJDJHGLQSURIHVVLRQVDQG
DFWLYLWLHVLQHLJKWGLIIHUHQWFDWHJRULHVLQFOXGLQJEXWQRWOLPLWHGWRWHDFKHUVVRFLDOZRUNHUV
SK\VLFLDQVGHQWLVWVPHGLFDOUHVLGHQWVRULQWHUQVKRVSLWDOSHUVRQQHODQGDGPLQLVWUDWRUVQXUVHV
KHDOWKFDUHSUDFWLWLRQHUVFKLURSUDFWRUVRVWHRSDWKVSKDUPDFLVWVRSWRPHWULVWVSRGLDWULVWV
HPHUJHQF\PHGLFDOWHFKQLFLDQVDPEXODQFHGULYHUVDOFRKRORUGUXJWUHDWPHQWSHUVRQQHO
SV\FKRORJLVWVSV\FKLDWULVWVPHQWDOKHDOWKSURIHVVLRQDOVFKLOGFDUHZRUNHUVDQGDGPLQLVWUDWRUVDQG
FRPPHUFLDOILOPDQGSKRWRSURFHVVRUV7KH$FWGHILQHVWKHWHUPdFKLOGDEXVHeDVWKHSK\VLFDORU
PHQWDOLQMXU\VH[XDODEXVHRUH[SORLWDWLRQRUQHJOLJHQWWUHDWPHQWRIDFKLOG
F $FFRUGLQJO\DQ\SHUVRQHQJDJHGLQDFRYHUHGSURIHVVLRQRUDFWLYLW\XQGHUDQ++6FRQWUDFWRU
VXEFRQWUDFWUHJDUGOHVVRIWKHSXUSRVHRIWKHFRQWUDFWRUVXEFRQWUDFWVKDOOLPPHGLDWHO\UHSRUWD
VXVSHFWHGFKLOGDEXVHLQFLGHQWLQDFFRUGDQFHZLWKWKHSURYLVLRQVRIWKH$FW,IDFKLOGLVVXVSHFWHGRI
EHLQJKDUPHGWKHDSSURSULDWH6WDWH&KLOG$EXVH+RWOLQHORFDOFKLOGSURWHFWLYHVHUYLFHV &36 RU
ODZHQIRUFHPHQWDJHQF\VKDOOEHFRQWDFWHG)RUPRUHLQIRUPDWLRQDERXWZKHUHDQGKRZWRILOHD
UHSRUWWKH&KLOGKHOS86$1DWLRQDO&KLOG$EXVH+RWOLQH $&+,/' VKDOOEHFDOOHG$Q\
FRYHUHGSURIHVVLRQDOIDLOLQJWRPDNHDWLPHO\UHSRUWRIVXFKLQFLGHQWVKDOOEHJXLOW\RID&ODVV%
PLVGHPHDQRU
G %\DFFHSWDQFHRIWKLVFRQWUDFWRURUGHUWKH&RQWUDFWRUDJUHHVWRFRPSO\ZLWKWKHUHTXLUHPHQWV
RIWKH$FW7KH$FWDOVRDSSOLHVWRDOODSSOLFDEOHVXEFRQWUDFWVDZDUGHGXQGHUWKLVFRQWUDFW
$FFRUGLQJO\WKH&RQWUDFWRUVKDOOHQVXUHWKDWHDFKRILWVHPSOR\HHVDQGDQ\VXEFRQWUDFWRUVWDIILV
PDGHDZDUHRIXQGHUVWDQGVDQGFRPSOLHVZLWKWKHSURYLVLRQVRIWKH$FW
(QGRIFODXVH
&ULPH&RQWURO$FW5HTXLUHPHQWIRU%DFNJURXQG&KHFNV
$VSUHVFULEHGLQ++6$5 G WKH&RQWUDFWLQJ2IILFHUVKDOOLQVHUWWKHIROORZLQJFODXVH
&ULPH&RQWURO$FWRI5HTXLUHPHQWIRU%DFNJURXQG&KHFNV '(&
D 3XEOLF/DZDOVRNQRZQDVWKH&ULPH&RQWURO$FWRI $FW UHTXLUHVWKDWDOO
LQGLYLGXDOVLQYROYHGZLWKWKHSURYLVLRQRIFKLOGFDUHVHUYLFHVWRFKLOGUHQXQGHUWKHDJHRIXQGHUJR
DFULPLQDOEDFNJURXQGFKHFNd&KLOGFDUHVHUYLFHVeLQFOXGHEXWDUHQRWOLPLWHGWRVRFLDOVHUYLFHV
KHDOWKDQGPHQWDOKHDOWKFDUHFKLOG GD\ FDUHHGXFDWLRQ ZKHWKHURUQRWGLUHFWO\LQYROYHGLQ
WHDFKLQJ DQGUHKDELOLWDWLYHSURJUDPV$Q\FRQYLFWLRQIRUDVH[FULPHDQRIIHQVHLQYROYLQJDFKLOG
YLFWLPRUDGUXJIHORQ\PD\EHJURXQGVIRUGHQ\LQJHPSOR\PHQWRUIRUGLVPLVVDORIDQHPSOR\HH
SURYLGLQJDQ\RIWKHVHUYLFHVOLVWHGDERYH
E 7KH&RQWUDFWLQJ2IILFHUZLOOSURYLGHWKHQHFHVVDU\LQIRUPDWLRQWRWKH&RQWUDFWRUUHJDUGLQJWKH
SURFHVVIRUREWDLQLQJWKHEDFNJURXQGFKHFN7KH&RQWUDFWRUPD\KLUHDVWDIISHUVRQSURYLVLRQDOO\
SULRUWRWKHFRPSOHWLRQRIDEDFNJURXQGFKHFNLIDWDOOWLPHVSULRUWRWKHUHFHLSWRIWKHEDFNJURXQG
FKHFNGXULQJZKLFKFKLOGUHQDUHLQWKHFDUHRIWKHQHZO\KLUHGSHUVRQWKHSHUVRQLVZLWKLQWKHVLJKW
DQGXQGHUWKHVXSHUYLVLRQRIDSUHYLRXVO\LQYHVWLJDWHGVWDIISHUVRQ
F %\DFFHSWDQFHRIWKLVFRQWUDFWRURUGHUWKH&RQWUDFWRUDJUHHVWRFRPSO\ZLWKWKHUHTXLUHPHQWV
RIWKH$FW7KH$FWDOVRDSSOLHVWRDOODSSOLFDEOHVXEFRQWUDFWVDZDUGHGXQGHUWKLVFRQWUDFW
$FFRUGLQJO\WKH&RQWUDFWRUVKDOOHQVXUHWKDWHDFKRILWVHPSOR\HHVDQGDQ\VXEFRQWUDFWRUVWDIILV
PDGHDZDUHRIXQGHUVWDQGVDQGFRPSOLHVZLWKWKHSURYLVLRQVRIWKH$FW
(QGRIFODXVH
,QGLDQ&KLOG3URWHFWLRQDQG)DPLO\9LROHQFH$FW
$VSUHVFULEHGLQ++6$5 G WKH&RQWUDFWLQJ2IILFHUVKDOOLQVHUWWKHIROORZLQJFODXVH
,QGLDQ&KLOG3URWHFWLRQDQG)DPLO\9LROHQFH$FW '(&
D 7KLVFRQWUDFWLVVXEMHFWWRWKH,QGLDQ&KLOG3URWHFWLRQDQG)DPLO\9LROHQFH$FW3XEOLF/DZ
86&HWVHT 7KHGXWLHVDQGUHVSRQVLELOLWLHVUHTXLUHGE\WKLVFRQWUDFWPD\
LQYROYHUHJXODUFRQWDFWZLWKRUFRQWURORYHU,QGLDQFKLOGUHQ3XEOLF/DZSURKLELWV
HPSOR\PHQWLQFOXGLQJ3HUVRQDO6HUYLFH&RQWUDFWVZLWKDQ\RQHZKRKDVEHHQFRQYLFWHGRIDQ\
FULPHRIYLROHQFH$Q\VXFKFRQYLFWLRQVKRXOGLPPHGLDWHO\EHEURXJKWWRWKHDWWHQWLRQRIWKH
&RQWUDFWLQJ2IILFHU7KHFRQWUDFWRUZLOOEHVXEMHFWWRDFKDUDFWHULQYHVWLJDWLRQFRQGXFWHGE\WKH
,QGLDQ+HDOWK6HUYLFH2IILFHRI+XPDQ5HVRXUFHV8QWLOVXFKWLPHDVWKHFRQWUDFWRUKDVEHHQ
QRWLILHGRIFRPSOHWLRQRIWKHLQYHVWLJDWLRQWKHFRQWUDFWRUVKDOOKDYHQRXQVXSHUYLVHGFRQWDFWZLWK
,QGLDQFKLOGUHQ,QRUGHUWRLQLWLDWHWKLVEDFNJURXQGLQYHVWLJDWLRQWKHFRQWUDFWRUPXVWSURYLGH
LQIRUPDWLRQDVUHTXLUHGLQWKLVFRQWUDFWRUDVGLUHFWHGE\WKH&RQWUDFWLQJ2IILFHU
E $VDSUHUHTXLVLWHWRSURYLGLQJVHUYLFHVXQGHUWKLVFRQWUDFWWKH&RQWUDFWRULVUHTXLUHGWR
FRPSOHWHDQGVLJQWKHGHFODUDWLRQIRXQGLQ6HFWLRQ-RIWKLVFRQWUDFW
(QGRIFODXVH
1RQ'LVFULPLQDWLRQLQ6HUYLFH'HOLYHU\
$VSUHVFULEHGLQ++6$5 H WKH&RQWUDFWLQJ2IILFHUVKDOOLQVHUWWKHIROORZLQJFODXVHLQ
VROLFLWDWLRQVDQGFRQWUDFWV
1RQ'LVFULPLQDWLRQ,Q6HUYLFH'HOLYHU\ '(&
,WLVWKHSROLF\RIWKH'HSDUWPHQWRI+HDOWKDQG+XPDQ6HUYLFHVWKDWQRSHUVRQRWKHUZLVHHOLJLEOH
ZLOOEHH[FOXGHGIURPSDUWLFLSDWLRQLQGHQLHGWKHEHQHILWVRIRUVXEMHFWHGWRGLVFULPLQDWLRQLQWKH
DGPLQLVWUDWLRQRI++6SURJUDPVDQGVHUYLFHVEDVHGRQQRQPHULWIDFWRUVVXFKDVUDFHFRORU
QDWLRQDORULJLQUHOLJLRQVH[JHQGHULGHQWLW\VH[XDORULHQWDWLRQRUGLVDELOLW\ SK\VLFDORUPHQWDO %\DFFHSWDQFHRIWKLVFRQWUDFWWKHFRQWUDFWRUDJUHHVWRFRPSO\ZLWKWKLVSROLF\LQVXSSRUWLQJWKH
SURJUDPDQGLQSHUIRUPLQJWKHVHUYLFHVFDOOHGIRUXQGHUWKLVFRQWUDFW7KHFRQWUDFWRUVKDOOLQFOXGH
WKLVFODXVHLQDOOVXEFRQWUDFWVDZDUGHGXQGHUWKLVFRQWUDFWIRUVXSSRUWLQJRUSHUIRUPLQJWKH
VSHFLILHGSURJUDPDQGVHUYLFHV$FFRUGLQJO\WKHFRQWUDFWRUVKDOOHQVXUHWKDWHDFKRILWVHPSOR\HHV
DQGDQ\VXEFRQWUDFWRUVWDIILVPDGHDZDUHRIXQGHUVWDQGVDQGFRPSOLHVZLWKWKLVSROLF\
(QGRIFODXVH
.H\3HUVRQQHO
$VSUHVFULEHGLQ++6$5 I WKH&RQWUDFWLQJ2IILFHUVKDOOLQVHUWWKHIROORZLQJFODXVH
.H\3HUVRQQHO '(&
7KHNH\SHUVRQQHOVSHFLILHGLQWKLVFRQWUDFWDUHFRQVLGHUHGWREHHVVHQWLDOWRZRUNSHUIRUPDQFH$W
OHDVWGD\VSULRUWRWKHFRQWUDFWRUYROXQWDULO\GLYHUWLQJDQ\RIWKHVSHFLILHGLQGLYLGXDOVWRRWKHU
SURJUDPVRUFRQWUDFWVWKH&RQWUDFWRUVKDOOQRWLI\WKH&RQWUDFWLQJ2IILFHUDQGVKDOOVXEPLWD
MXVWLILFDWLRQIRUWKHGLYHUVLRQRUUHSODFHPHQWDQGDUHTXHVWWRUHSODFHWKHLQGLYLGXDO7KHUHTXHVW
PXVWLGHQWLI\WKHSURSRVHGUHSODFHPHQWDQGSURYLGHDQH[SODQDWLRQRIKRZWKHUHSODFHPHQW VVNLOOV
H[SHULHQFHDQGFUHGHQWLDOVPHHWRUH[FHHGWKHUHTXLUHPHQWVRIWKHFRQWUDFW LQFOXGLQJZKHQ
DSSOLFDEOH+XPDQ6XEMHFWV7HVWLQJUHTXLUHPHQWV ,IWKHHPSOR\HHRIWKHFRQWUDFWRULVWHUPLQDWHG
IRUFDXVHRUVHSDUDWHVIURPWKHFRQWUDFWRUYROXQWDULO\ZLWKOHVVWKDQWKLUW\GD\VQRWLFHWKH
&RQWUDFWRUVKDOOSURYLGHWKHPD[LPXPQRWLFHSUDFWLFDEOHXQGHUWKHFLUFXPVWDQFHV7KH&RQWUDFWRU
VKDOOQRWGLYHUWUHSODFHRUDQQRXQFHDQ\VXFKFKDQJHWRNH\SHUVRQQHOZLWKRXWWKHZULWWHQFRQVHQW
RIWKH&RQWUDFWLQJ2IILFHU7KHFRQWUDFWZLOOEHPRGLILHGWRDGGRUGHOHWHNH\SHUVRQQHODVQHFHVVDU\
WRUHIOHFWWKHDJUHHPHQWRIWKHSDUWLHV
(QGRIFODXVH
(OHFWURQLF,QIRUPDWLRQDQG7HFKQRORJ\$FFHVVLELOLW\1RWLFH
D $VSUHVFULEHGLQ++6$5 D WKH&RQWUDFWLQJ2IILFHUVKDOOLQVHUWWKHIROORZLQJ
SURYLVLRQ
(OHFWURQLFDQG,QIRUPDWLRQ7HFKQRORJ\$FFHVVLELOLW\1RWLFH '(&
D 6HFWLRQRIWKH5HKDELOLWDWLRQ$FWRI 86&G DVDPHQGHGE\WKH:RUNIRUFH
,QYHVWPHQW$FWRIDQGWKH$UFKLWHFWXUDODQG7UDQVSRUWDWLRQ%DUULHUV&RPSOLDQFH%RDUG
(OHFWURQLFDQG,QIRUPDWLRQ (,7 $FFHVVLELOLW\6WDQGDUGV &)5SDUW UHTXLUHWKDWZKHQ
)HGHUDODJHQFLHVGHYHORSSURFXUHPDLQWDLQRUXVHHOHFWURQLFDQGLQIRUPDWLRQWHFKQRORJ\)HGHUDO
HPSOR\HHVZLWKGLVDELOLWLHVKDYHDFFHVVWRDQGXVHRILQIRUPDWLRQDQGGDWDWKDWLVFRPSDUDEOHWRWKH
DFFHVVDQGXVHE\)HGHUDOHPSOR\HHVZKRDUHQRWLQGLYLGXDOVZLWKGLVDELOLWLHVXQOHVVDQXQGXH
EXUGHQZRXOGEHLPSRVHGRQWKHDJHQF\6HFWLRQDOVRUHTXLUHVWKDWLQGLYLGXDOVZLWKGLVDELOLWLHV
ZKRDUHPHPEHUVRIWKHSXEOLFVHHNLQJLQIRUPDWLRQRUVHUYLFHVIURPD)HGHUDODJHQF\KDYHDFFHVV
WRDQGXVHRILQIRUPDWLRQDQGGDWDWKDWLVFRPSDUDEOHWRWKDWSURYLGHGWRWKHSXEOLFZKRDUHQRW
LQGLYLGXDOVZLWKGLVDELOLWLHVXQOHVVDQXQGXHEXUGHQZRXOGEHLPSRVHGRQWKHDJHQF\
E $FFRUGLQJO\DQ\RIIHURUUHVSRQGLQJWRWKLVVROLFLWDWLRQPXVWFRPSO\ZLWKHVWDEOLVKHG++6(,7
DFFHVVLELOLW\VWDQGDUGV,QIRUPDWLRQDERXW6HFWLRQLVDYDLODEOHDWKWWSZZZKKVJRYZHE
7KHFRPSOHWHWH[WRIWKH6HFWLRQ)LQDO3URYLVLRQVFDQEHDFFHVVHGDW
KWWSZZZDFFHVVERDUGJRYJXLGHOLQHVDQGVWDQGDUGVFRPPXQLFDWLRQVDQGc
F 7KH6HFWLRQDFFHVVLELOLW\VWDQGDUGVDSSOLFDEOHWRWKLVVROLFLWDWLRQDUHVWDWHGLQWKHFODXVHDW
(OHFWURQLFDQG,QIRUPDWLRQ7HFKQRORJ\$FFHVVLELOLW\
,QRUGHUWRIDFLOLWDWHWKH*RYHUQPHQW VGHWHUPLQDWLRQZKHWKHUSURSRVHG(,7VXSSOLHVPHHW
DSSOLFDEOH6HFWLRQDFFHVVLELOLW\VWDQGDUGVRIIHURUVPXVWVXEPLWDQ++66HFWLRQ3URGXFW
$VVHVVPHQW7HPSODWHLQDFFRUGDQFHZLWKLWVFRPSOHWLRQLQVWUXFWLRQV7KHSXUSRVHRIWKHWHPSODWHLV
WRDVVLVW++6DFTXLVLWLRQDQGSURJUDPRIILFLDOVLQGHWHUPLQLQJZKHWKHUSURSRVHG(,7VXSSOLHV
FRQIRUPWRDSSOLFDEOH6HFWLRQDFFHVVLELOLW\VWDQGDUGV7KHWHPSODWHDOORZVRIIHURUVRU
GHYHORSHUVWRVHOIHYDOXDWHWKHLUVXSSOLHVDQGGRFXPHQWLQGHWDLOZKHWKHUWKH\FRQIRUPWRD
VSHFLILF6HFWLRQDFFHVVLELOLW\VWDQGDUGDQGDQ\XQGHUZD\UHPHGLDWLRQHIIRUWVDGGUHVVLQJ
FRQIRUPDQFHLVVXHV,QVWUXFWLRQVIRUSUHSDULQJWKH++66HFWLRQ(YDOXDWLRQ7HPSODWHDUH
DYDLODEOHXQGHU6HFWLRQSROLF\RQWKH++6:HEVLWHKWWSZZZKKVJRYZHE
,QRUGHUWRIDFLOLWDWHWKH*RYHUQPHQW VGHWHUPLQDWLRQZKHWKHUSURSRVHG(,7VHUYLFHVPHHW
DSSOLFDEOH6HFWLRQDFFHVVLELOLW\VWDQGDUGVRIIHURUVPXVWSURYLGHHQRXJKLQIRUPDWLRQWRDVVLVW
WKH*RYHUQPHQWLQGHWHUPLQLQJWKDWWKH(,7VHUYLFHVFRQIRUPWR6HFWLRQDFFHVVLELOLW\VWDQGDUGV
LQFOXGLQJDQ\XQGHUZD\UHPHGLDWLRQHIIRUWVDGGUHVVLQJFRQIRUPDQFHLVVXHV
G 5HVSRQGHQWVWRWKLVVROLFLWDWLRQPXVWLGHQWLI\DQ\H[FHSWLRQWR6HFWLRQUHTXLUHPHQWV,ID
RIIHURUFODLPVLWVVXSSOLHVRUVHUYLFHVPHHWDSSOLFDEOH6HFWLRQDFFHVVLELOLW\VWDQGDUGVDQGLWLV
ODWHUGHWHUPLQHGE\WKH*RYHUQPHQWLHDIWHUDZDUGRIDFRQWUDFWRURUGHUWKDWVXSSOLHVRU
VHUYLFHVGHOLYHUHGGRQRWFRQIRUPWRWKHGHVFULEHGDFFHVVLELOLW\VWDQGDUGVUHPHGLDWLRQRIWKH
VXSSOLHVRUVHUYLFHVWRWKHOHYHORIFRQIRUPDQFHVSHFLILHGLQWKHFRQWUDFWZLOOEHWKHUHVSRQVLELOLW\RI
WKH&RQWUDFWRUDWLWVH[SHQVH
(QGRISURYLVLRQ
(OHFWURQLFDQG,QIRUPDWLRQ7HFKQRORJ\$FFHVVLELOLW\
$VSUHVFULEHGLQ++6$5 E LQVHUWWKHIROORZLQJFODXVH
(OHFWURQLFDQG,QIRUPDWLRQ7HFKQRORJ\$FFHVVLELOLW\ '(&
D 3XUVXDQWWR6HFWLRQRIWKH5HKDELOLWDWLRQ$FWRI 86&G DVDPHQGHGE\WKH
:RUNIRUFH,QYHVWPHQW$FWRIDOOHOHFWURQLFDQGLQIRUPDWLRQWHFKQRORJ\ (,7 VXSSOLHVDQG
VHUYLFHVGHYHORSHGDFTXLUHGRUPDLQWDLQHGXQGHUWKLVFRQWUDFWRURUGHUPXVWFRPSO\ZLWKWKH
d$UFKLWHFWXUDODQG7UDQVSRUWDWLRQ%DUULHUV&RPSOLDQFH%RDUG(OHFWURQLFDQG,QIRUPDWLRQ
7HFKQRORJ\ (,7 $FFHVVLELOLW\6WDQGDUGVeVHWIRUWKE\WKH$UFKLWHFWXUDODQG7UDQVSRUWDWLRQ%DUULHUV
&RPSOLDQFH%RDUG DOVRUHIHUUHGWRDVWKHd$FFHVV%RDUGe LQ&)5SDUW,QIRUPDWLRQDERXW
6HFWLRQLVDYDLODEOHDWKWWSZZZKKVJRYZHE7KHFRPSOHWHWH[WRI6HFWLRQ)LQDO
3URYLVLRQVFDQEHDFFHVVHGDW
KWWSZZZDFFHVVERDUGJRYJXLGHOLQHVDQGVWDQGDUGVFRPPXQLFDWLRQVDQGc
E 7KH6HFWLRQDFFHVVLELOLW\VWDQGDUGVDSSOLFDEOHWRWKLVFRQWUDFWRURUGHUDUHLGHQWLILHGLQWKH
6WDWHPHQWRI:RUNRU6SHFLILFDWLRQRU3HUIRUPDQFH:RUN6WDWHPHQW7KHFRQWUDFWRUPXVWSURYLGH
DQ\QHFHVVDU\XSGDWHVWRWKHVXEPLWWHG++63URGXFW$VVHVVPHQW7HPSODWH V DWWKHHQGRIHDFK
FRQWUDFWRURUGHUH[FHHGLQJWKHVLPSOLILHGDFTXLVLWLRQWKUHVKROG VHH)$5 ZKHQWKHFRQWUDFW
RURUGHUGXUDWLRQLVRQH\HDURUOHVV,ILWLVGHWHUPLQHGE\WKH*RYHUQPHQWWKDW(,7VXSSOLHVDQG
VHUYLFHVSURYLGHGE\WKH&RQWUDFWRUGRQRWFRQIRUPWRWKHGHVFULEHGDFFHVVLELOLW\VWDQGDUGVLQWKH
FRQWUDFWUHPHGLDWLRQRIWKHVXSSOLHVRUVHUYLFHVWRWKHOHYHORIFRQIRUPDQFHVSHFLILHGLQWKHFRQWUDFW
ZLOOEHWKHUHVSRQVLELOLW\RIWKH&RQWUDFWRUDWLWVRZQH[SHQVH
F 7KH6HFWLRQDFFHVVLELOLW\VWDQGDUGVDSSOLFDEOHWRWKLVFRQWUDFWDUH
&RQWUDFWVWDIIPXVWOLVWDSSOLFDEOHVWDQGDUGV
G ,QWKHHYHQWRIDPRGLILFDWLRQ V WRWKLVFRQWUDFWRURUGHUZKLFKDGGVQHZ(,7VXSSOLHVRU
VHUYLFHVRUUHYLVHVWKHW\SHRIRUVSHFLILFDWLRQVIRUVXSSOLHVRUVHUYLFHVWKH&RQWUDFWLQJ2IILFHUPD\
UHTXLUHWKDWWKHFRQWUDFWRUVXEPLWDFRPSOHWHG++66HFWLRQ3URGXFW$VVHVVPHQW7HPSODWHDQG
DQ\RWKHUDGGLWLRQDOLQIRUPDWLRQQHFHVVDU\WRDVVLVWWKH*RYHUQPHQWLQGHWHUPLQLQJWKDWWKH(,7
VXSSOLHVRUVHUYLFHVFRQIRUPWR6HFWLRQDFFHVVLELOLW\VWDQGDUGV,QVWUXFWLRQVIRUGRFXPHQWLQJ
DFFHVVLELOLW\YLDWKH++66HFWLRQ3URGXFW$VVHVVPHQW7HPSODWHPD\EHIRXQGXQGHU6HFWLRQ
SROLF\RQWKH++6:HEVLWH KWWSZZZKKVJRYZHE ,ILWLVGHWHUPLQHGE\WKH
*RYHUQPHQWWKDW(,7VXSSOLHVDQGVHUYLFHVSURYLGHGE\WKH&RQWUDFWRUGRQRWFRQIRUPWRWKH
GHVFULEHGDFFHVVLELOLW\VWDQGDUGVLQWKHFRQWUDFWUHPHGLDWLRQRIWKHVXSSOLHVRUVHUYLFHVWRWKHOHYHO
RIFRQIRUPDQFHVSHFLILHGLQWKHFRQWUDFWZLOOEHWKHUHVSRQVLELOLW\RIWKH&RQWUDFWRUDWLWVRZQ
H[SHQVH
H ,IWKLVLVDQ,QGHILQLWH'HOLYHU\FRQWUDFWD%ODQNHW3XUFKDVH$JUHHPHQWRUD%DVLF2UGHULQJ
$JUHHPHQWWKHWDVNGHOLYHU\RUGHUUHTXHVWVWKDWLQFOXGH(,7VXSSOLHVRUVHUYLFHVZLOOGHILQHWKH
VSHFLILFDWLRQVDQGDFFHVVLELOLW\VWDQGDUGVIRUWKHRUGHU,QWKRVHFDVHVWKH&RQWUDFWRUPD\EH
UHTXLUHGWRSURYLGHDFRPSOHWHG++66HFWLRQ3URGXFW$VVHVVPHQW7HPSODWHDQGDQ\RWKHU
DGGLWLRQDOLQIRUPDWLRQQHFHVVDU\WRDVVLVWWKH*RYHUQPHQWLQGHWHUPLQLQJWKDWWKH(,7VXSSOLHVRU
VHUYLFHVFRQIRUPWR6HFWLRQDFFHVVLELOLW\VWDQGDUGV,QVWUXFWLRQVIRUGRFXPHQWLQJDFFHVVLELOLW\
YLDWKH++66HFWLRQ3URGXFW$VVHVVPHQW7HPSODWHPD\EHIRXQGDW
KWWSZZZKKVJRYZHE,ILWLVGHWHUPLQHGE\WKH*RYHUQPHQWWKDW(,7VXSSOLHVDQGVHUYLFHV
SURYLGHGE\WKH&RQWUDFWRUGRQRWFRQIRUPWRWKHGHVFULEHGDFFHVVLELOLW\VWDQGDUGVLQWKHSURYLGHG
GRFXPHQWDWLRQUHPHGLDWLRQRIWKHVXSSOLHVRUVHUYLFHVWRWKHOHYHORIFRQIRUPDQFHVSHFLILHGLQWKH
FRQWUDFWZLOOEHWKHUHVSRQVLELOLW\RIWKH&RQWUDFWRUDWLWVRZQH[SHQVH
(QGRIFODXVH
>5HVHUYHG@
D1RWLFHWR2IIHURUV3URWHFWLRQRI+XPDQ6XEMHFWV
$VSUHVFULEHGLQ++6$5 D WKH&RQWUDFWLQJ2IILFHUVKDOOLQVHUWWKHIROORZLQJSURYLVLRQ
1RWLFHWR2IIHURUV3URWHFWLRQRI+XPDQ6XEMHFWV '(&
D 7KH'HSDUWPHQWRI+HDOWKDQG+XPDQ6HUYLFHV ++6 UHJXODWLRQVIRUWKHSURWHFWLRQRIKXPDQ
VXEMHFWV&)5SDUWDUHDYDLODEOHRQWKH2IILFHIRU+XPDQ5HVHDUFK3URWHFWLRQV 2+53 :HE
VLWHDWKWWSZZZKKVJRYRKUSLQGH[KWPO
7KHVHUHJXODWLRQVSURYLGHDV\VWHPDWLFPHDQVEDVHGRQHVWDEOLVKHGHWKLFDOSULQFLSOHVWRVDIHJXDUG
WKHULJKWVDQGZHOIDUHRIKXPDQVXEMHFWVSDUWLFLSDWLQJLQUHVHDUFKDFWLYLWLHVVXSSRUWHGRUFRQGXFWHG
E\++6
E 7KHUHJXODWLRQVGHILQHDKXPDQVXEMHFWDVDOLYLQJLQGLYLGXDODERXWZKRPDQLQYHVWLJDWRU
ZKHWKHUSURIHVVLRQDORUVWXGHQW FRQGXFWLQJUHVHDUFKREWDLQVGDWDRULGHQWLILDEOHSXEOLFLQIRUPDWLRQ
WKURXJKLQWHUYHQWLRQRULQWHUDFWLRQZLWKWKHLQGLYLGXDORULGHQWLILDEOHSULYDWHLQIRUPDWLRQ,QPRVW
FDVHVWKHUHJXODWLRQVH[WHQGWRWKHXVHRIKXPDQRUJDQVWLVVXHDQGERG\IOXLGVIURPLQGLYLGXDOO\
LGHQWLILDEOHKXPDQVXEMHFWVDVZHOODVWRJUDSKLFZULWWHQRUUHFRUGHGLQIRUPDWLRQGHULYHGIURP
LQGLYLGXDOO\LGHQWLILDEOHKXPDQVXEMHFWV&)5SDUWGRHVQRWGLUHFWO\UHJXODWHWKHXVHRI
DXWRSV\PDWHULDOVLQVWHDGDSSOLFDEOHVWDWHDQGORFDOODZVJRYHUQWKHLUXVH
F $FWLYLWLHVZKLFKLQYROYHKXPDQVXEMHFWVLQRQHRUPRUHRIWKHFDWHJRULHVVHWIRUWKLQ&)5
E DUHH[HPSWIURPFRPSO\LQJZLWK&)5SDUW6HH
KWWSZZZKKVJRYRKUSKXPDQVXEMHFWVJXLGDQFHFIUKWPO
G ,QDSSURSULDWHGHVLJQDWLRQVRIWKHQRQLQYROYHPHQWRIKXPDQVXEMHFWVRURIH[HPSWFDWHJRULHVRI
UHVHDUFKLQDSURMHFWPD\UHVXOWLQGHOD\VLQWKHUHYLHZRIDSURSRVDO
H ,QDFFRUGDQFHZLWK&)5SDUWRIIHURUVFRQVLGHUHGIRUDZDUGVKDOOILOHDQDFFHSWDEOH
)HGHUDOZLGH$VVXUDQFH ):$ RIFRPSOLDQFHZLWK2+53VSHFLI\LQJUHYLHZSURFHGXUHVDQG
DVVLJQLQJUHVSRQVLELOLWLHVIRUWKHSURWHFWLRQRIKXPDQVXEMHFWV7KH):$LVWKHRQO\W\SHRI
DVVXUDQFHWKDW2+53DFFHSWVRUDSSURYHV7KHLQLWLDODQGFRQWLQXLQJUHYLHZRIDUHVHDUFKSURMHFWE\
DQLQVWLWXWLRQDOUHYLHZERDUGVKDOOHQVXUHWKDW7KHULVNVWRVXEMHFWVDUHPLQLPL]HGULVNVWRVXEMHFWV
DUHUHDVRQDEOHLQUHODWLRQWRDQWLFLSDWHGEHQHILWVLIDQ\WRVXEMHFWVDQGWKHLPSRUWDQFHRIWKH
NQRZOHGJHWKDWPD\UHDVRQDEO\EHH[SHFWHGWRUHVXOWVHOHFWLRQRIVXEMHFWVLVHTXLWDEOHDQG
LQIRUPHGFRQVHQWZLOOEHREWDLQHGDQGGRFXPHQWHGE\PHWKRGVWKDWDUHDGHTXDWHDQGDSSURSULDWH
'HSHQGLQJRQWKHQDWXUHRIWKHUHVHDUFKDGGLWLRQDOUHTXLUHPHQWVPD\DSSO\VHH
KWWSZZZKKVJRYRKUSKXPDQVXEMHFWVJXLGDQFHFIUKWPOIRUDGGLWLRQDOUHTXLUHPHQWV
UHJDUGLQJLQLWLDODQGFRQWLQXLQJUHYLHZ++6UHJXODWLRQVIRUWKHSURWHFWLRQRIKXPDQVXEMHFWV &)5SDUW LQIRUPDWLRQUHJDUGLQJ2+53UHJLVWUDWLRQDQGDVVXUDQFHUHTXLUHPHQWVSURFHVVHVDQG
2+53FRQWDFWLQIRUPDWLRQLVDYDLODEOHDWWKH2+53:HEVLWH DW
KWWSZZZKKVJRYRKUSDVVXUDQFHVLQGH[KWPO I 2IIHURUVPD\FRQVXOWZLWK2+53RQO\IRUJHQHUDODGYLFHRUJXLGDQFHFRQFHUQLQJHLWKHUUHJXODWRU\
UHTXLUHPHQWVRUHWKLFDOLVVXHVSHUWDLQLQJWRUHVHDUFKLQYROYLQJKXPDQVXEMHFWV21/<WKH
FRQWUDFWLQJRIILFHUPD\RIIHULQIRUPDWLRQFRQFHUQLQJDVROLFLWDWLRQ
J 7KHRIIHURUVKDOOGRFXPHQWLQLWVSURSRVDOWKHDSSURYHG):$IURP2+53UHODWHGWRWKH
GHVLJQDWHG,QVWLWXWLRQDO5HYLHZ%RDUG ,5% UHYLHZLQJDQGRYHUVHHLQJWKHUHVHDUFK,IWKHRIIHURU
GRHVQRWKDYHDQDSSURYHG):$IURP2+53WKHRIIHURUPXVWREWDLQDQ):$EHIRUHWKHGHDGOLQHIRU
SURSRVDOVXEPLVVLRQ:KHQSRVVLEOHWKHRIIHURUVKDOODOVRFHUWLI\WKH,5% VUHYLHZDQGDSSURYDORI
WKHUHVHDUFK,IWKHRIIHURUFDQQRWREWDLQWKLVFHUWLILFDWLRQE\WKHWLPHRISURSRVDOVXEPLVVLRQWKH\
PXVWLQFOXGHDQH[SODQDWLRQLQWKHLUSURSRVDO1HYHUFRQGXFWUHVHDUFKFRYHUHGE\&)5SDUW
SULRUWRUHFHLYLQJFHUWLILFDWLRQRIWKHUHVHDUFK VUHYLHZDQGDSSURYDOE\WKH,5%
(QGRISURYLVLRQ
$OWHUQDWH, '(& $VSUHVFULEHGLQ++6$5 D WKH&RQWUDFWLQJ2IILFHUVKDOOVXEVWLWXWHWKHIROORZLQJSDUDJUDSK
J IRUSDUDJUDSK J RIWKHEDVLFFODXVH
J 7KHRIIHURU VSURSRVDOVKDOOGRFXPHQWWKDWLWKDVDQDSSURYHGRUDFWLYH):$IURP2+53UHODWHG
WRWKHGHVLJQDWHG,5%UHYLHZLQJDQGRYHUVHHLQJWKHUHVHDUFK:KHQSRVVLEOHWKHRIIHURUVKDOODOVR
FHUWLI\WKH,5%KDVUHYLHZHGDQGDSSURYHGWKHUHVHDUFK,IWKHRIIHURUFDQQRWPDNHWKLVFHUWLILFDWLRQ
DWWKHWLPHRISURSRVDOVXEPLVVLRQLWVSURSRVDOPXVWLQFOXGHDQH[SODQDWLRQ1HYHUFRQGXFW
UHVHDUFKFRYHUHGE\&)5SDUWSULRUWRUHFHLYLQJFHUWLILFDWLRQRIWKHUHVHDUFK VUHYLHZDQG
DSSURYDOE\WKH,5%
,IWKHRIIHURUGRHVQRWKDYHDQDFWLYH):$IURP2+53WKHRIIHURUVKDOOWDNHDOOQHFHVVDU\VWHSVWR
REWDLQDQ):$SULRUWRWKHGHDGOLQHIRUSURSRVDOVXEPLVVLRQ,IWKHRIIHURUFDQQRWREWDLQDQ):$
EHIRUHWKHSURSRVDOVXEPLVVLRQGDWHWKHSURSRVDOVKDOOLQGLFDWHWKHVWHSVDFWLRQVWKHRIIHURUZLOO
WDNHWRREWDLQ2+53DSSURYDOZLWKLQ &RQWUDFWLQJ2IILFHUPXVWLQVHUWDWLPHSHULRGLQZKLFKWKH
):$PXVWEHREWDLQHG 8SRQREWDLQLQJ):$DSSURYDOVXEPLWWKHDSSURYDOQRWLFHWRWKH
&RQWUDFWLQJ2IILFHU
E3URWHFWLRQRI+XPDQ6XEMHFWV
$VSUHVFULEHGLQ++6$5 D WKH&RQWUDFWLQJ2IILFHUVKDOOLQVHUWWKHIROORZLQJFODXVH
3URWHFWLRQRI+XPDQ6XEMHFWV '(&
D 7KH&RQWUDFWRUDJUHHVWKDWWKHULJKWVDQGZHOIDUHRIKXPDQVXEMHFWVLQYROYHGLQUHVHDUFKXQGHU
WKLVFRQWUDFWVKDOOEHSURWHFWHGLQDFFRUGDQFHZLWK&)5SDUWDQGZLWKWKH&RQWUDFWRU VFXUUHQW
)HGHUDOZLGH$VVXUDQFH ):$ RQILOHZLWKWKH2IILFHIRU+XPDQ5HVHDUFK3URWHFWLRQV 2+53 'HSDUWPHQWRI+HDOWKDQG+XPDQ6HUYLFHV7KH&RQWUDFWRUIXUWKHUDJUHHVWRSURYLGHFHUWLILFDWLRQDW
OHDVWDQQXDOO\WKDWWKH,QVWLWXWLRQDO5HYLHZ%RDUGKDVUHYLHZHGDQGDSSURYHGWKHSURFHGXUHVZKLFK
LQYROYHKXPDQVXEMHFWVLQDFFRUGDQFHZLWK&)5SDUWDQGWKH$VVXUDQFHRI&RPSOLDQFH
E 7KH&RQWUDFWRUVKDOOEHDUIXOOUHVSRQVLELOLW\IRUWKHSHUIRUPDQFHRIDOOZRUNDQGVHUYLFHV
LQYROYLQJWKHXVHRIKXPDQVXEMHFWVXQGHUWKLVFRQWUDFWDQGVKDOOHQVXUHWKDWZRUNLVFRQGXFWHGLQD
SURSHUPDQQHUDQGDVVDIHO\DVLVIHDVLEOH7KHSDUWLHVKHUHWRDJUHHWKDWWKH&RQWUDFWRUUHWDLQVWKH
ULJKWWRFRQWURODQGGLUHFWWKHSHUIRUPDQFHRIDOOZRUNXQGHUWKLVFRQWUDFW1RWKLQJLQWKLVFRQWUDFW
VKDOOFUHDWHDQDJHQF\RUHPSOR\HHUHODWLRQVKLSEHWZHHQWKH*RYHUQPHQWDQGWKH&RQWUDFWRURUDQ\
VXEFRQWUDFWRUDJHQWRUHPSOR\HHRIWKH&RQWUDFWRURUDQ\RWKHUSHUVRQRUJDQL]DWLRQLQVWLWXWLRQRU
JURXSRIDQ\NLQGZKDWVRHYHU7KH&RQWUDFWRUDJUHHVWKDWLWKDVHQWHUHGLQWRWKLVFRQWUDFWDQGZLOO
GLVFKDUJHLWVREOLJDWLRQVGXWLHVDQGXQGHUWDNLQJVDQGWKHZRUNSXUVXDQWWKHUHWRZKHWKHU
UHTXLULQJSURIHVVLRQDOMXGJPHQWRURWKHUZLVHDVDQLQGHSHQGHQW&RQWUDFWRUZLWKRXWFUHDWLQJ
OLDELOLW\RQWKHSDUWRIWKH*RYHUQPHQWIRUWKHDFWVRIWKH&RQWUDFWRURULWVHPSOR\HHV
F &RQWUDFWRUVLQYROYLQJRWKHUDJHQFLHVRULQVWLWXWLRQVLQDFWLYLWLHVFRQVLGHUHGWREHHQJDJHGLQ
UHVHDUFKLQYROYLQJKXPDQVXEMHFWVPXVWHQVXUHWKDWVXFKRWKHUDJHQFLHVRULQVWLWXWLRQVREWDLQWKHLU
RZQ):$LIWKH\DUHURXWLQHO\HQJDJHGLQUHVHDUFKLQYROYLQJKXPDQVXEMHFWVRUHQVXUHWKDWVXFK
DJHQFLHVRULQVWLWXWLRQVDUHFRYHUHGE\WKH&RQWUDFWRUV ):$YLDGHVLJQDWLRQDVDJHQWVRIWKH
LQVWLWXWLRQRUYLDLQGLYLGXDOLQYHVWLJDWRUDJUHHPHQWV VHH2+53:HEVLWHDW
KWWSZZZKKVJRYRKUSSROLF\JXLGDQFHRQDOWHUQDWLYHWRIZDSGI G ,IDWDQ\WLPHGXULQJWKHSHUIRUPDQFHRIWKLVFRQWUDFWWKH&RQWUDFWRULVQRWLQFRPSOLDQFHZLWK
DQ\RIWKHUHTXLUHPHQWVDQGRUVWDQGDUGVVWDWHGLQSDUDJUDSKV D DQG E DERYHWKH&RQWUDFWLQJ
2IILFHUPD\LPPHGLDWHO\VXVSHQGLQZKROHRULQSDUWZRUNDQGIXUWKHUSD\PHQWVXQGHUWKLV
FRQWUDFWXQWLOWKH&RQWUDFWRUFRUUHFWVWKHQRQFRPSOLDQFH7KH&RQWUDFWLQJ2IILFHUPD\FRPPXQLFDWH
WKHQRWLFHRIVXVSHQVLRQE\WHOHSKRQHZLWKFRQILUPDWLRQLQZULWLQJ,IWKH&RQWUDFWRUIDLOVWR
FRPSOHWHFRUUHFWLYHDFWLRQZLWKLQWKHSHULRGRIWLPHGHVLJQDWHGLQWKH&RQWUDFWLQJ2IILFHU VZULWWHQ
QRWLFHRIVXVSHQVLRQWKH&RQWUDFWLQJ2IILFHUPD\DIWHUFRQVXOWDWLRQZLWK2+53WHUPLQDWHWKLV
FRQWUDFWLQZKROHRULQSDUW
(QGRIFODXVH
D1RWLFHWR2IIHURUVRI5HTXLUHPHQWIRU&RPSOLDQFHZLWKWKH3XEOLF
+HDOWK6HUYLFH3ROLF\RQ+XPDQH&DUHDQG8VHRI/DERUDWRU\$QLPDOV
$VSUHVFULEHGLQ++6$5 D WKH&RQWUDFWLQJ2IILFHUVKDOOLQVHUWWKHIROORZLQJSURYLVLRQ
1RWLFHWR2IIHURUVRI5HTXLUHPHQWIRU&RPSOLDQFHZLWKWKH3XEOLF+HDOWK6HUYLFH3ROLF\RQ+XPDQH
&DUHDQG8VHRI/DERUDWRU\$QLPDOV '(&
7KH3XEOLF+HDOWK6HUYLFH 3+6 3ROLF\RQ+XPDQH&DUHDQG8VHRI/DERUDWRU\$QLPDOV 3+6
3ROLF\ HVWDEOLVKHVDQXPEHURIUHTXLUHPHQWVIRUUHVHDUFKDFWLYLWLHVLQYROYLQJDQLPDOV%HIRUH
DZDUGLQJDFRQWUDFWWRDQRIIHURUWKHRUJDQL]DWLRQVKDOOILOHZLWKWKH2IILFHRI/DERUDWRU\$QLPDO
:HOIDUH 2/$: 1DWLRQDO,QVWLWXWHVRI+HDOWK 1,+ DZULWWHQ$QLPDO:HOIDUH$VVXUDQFH
$VVXUDQFH ZKLFKFRPPLWVWKHRUJDQL]DWLRQWRFRPSO\ZLWKWKHSURYLVLRQVRIWKH3+63ROLF\WKH
$QLPDO:HOIDUH$FWDQGWKH*XLGHIRUWKH&DUHDQG8VHRI/DERUDWRU\$QLPDOV 1DWLRQDO$FDGHP\
3UHVV:DVKLQJWRQ'& ,QDFFRUGDQFHZLWKWKH3+63ROLF\RIIHURUVPXVWHVWDEOLVKDQ,QVWLWXWLRQDO
$QLPDO&DUHDQG8VH&RPPLWWHH ,$&8& TXDOLILHGWKURXJKWKHH[SHULHQFHDQGH[SHUWLVHRILWV
PHPEHUVWRRYHUVHHWKHLQVWLWXWLRQ VDQLPDOSURJUDPIDFLOLWLHVDQGSURFHGXUHV2IIHURUVPXVW
SURYLGHYHULILFDWLRQRI,$&8&DSSURYDOSULRUWRUHFHLYLQJDQDZDUGLQYROYLQJOLYHYHUWHEUDWHDQLPDOV
1RDZDUGLQYROYLQJWKHXVHRIDQLPDOVVKDOOEHPDGHXQOHVV2/$:DSSURYHVWKH$VVXUDQFHDQG
YHULILFDWLRQRI,$&8&DSSURYDOIRUWKHSURSRVHGDQLPDODFWLYLWLHVKDVEHHQSURYLGHGWRWKH
&RQWUDFWLQJ2IILFHU3ULRUWRDZDUGWKH&RQWUDFWLQJ2IILFHUZLOOQRWLI\&RQWUDFWRU V VHOHFWHGIRU
SURMHFWVLQYROYLQJOLYHYHUWHEUDWHDQLPDOVRIWKH$VVXUDQFHDQGYHULILFDWLRQRI,$&8&DSSURYDO
UHTXLUHPHQW7KH&RQWUDFWLQJ2IILFHUZLOOUHTXHVWWKDW2/$:QHJRWLDWHDQDFFHSWDEOH$VVXUDQFH
ZLWKWKRVH&RQWUDFWRU V DQGUHTXHVWYHULILFDWLRQRI,$&8&DSSURYDO)RUIXUWKHULQIRUPDWLRQ
FRQWDFW2/$:DW1,+5RFNOHGJH'ULYH5./6XLWH06&%HWKHVGD0DU\ODQG
(PDLORODZ#RGQLKJRY3KRQH (QGRISURYLVLRQ
E&DUHRI/LYH9HUWHEUDWH$QLPDOV
$VSUHVFULEHGLQ++6$5WKH&RQWUDFWLQJ2IILFHUVKDOOLQVHUWWKHIROORZLQJFODXVH
&DUHRI/LYH9HUWHEUDWH$QLPDOV '(&
D %HIRUHXQGHUWDNLQJSHUIRUPDQFHRIDQ\FRQWUDFWLQYROYLQJDQLPDOUHODWHGDFWLYLWLHVZKHUHWKH
VSHFLHVLVUHJXODWHGE\WKH8QLWHG6DWHV'HSDUWPHQWRI$JULFXOWXUH 86'$ WKH&RQWUDFWRUVKDOO
UHJLVWHUZLWKWKH6HFUHWDU\RI$JULFXOWXUHRIWKH8QLWHG6WDWHVLQDFFRUGDQFHZLWK86&DQG
&)5WKURXJK7KH&RQWUDFWRUVKDOOIXUQLVKHYLGHQFHRIWKHUHJLVWUDWLRQWRWKH
&RQWUDFWLQJ2IILFHU
E 7KH&RQWUDFWRUVKDOODFTXLUHYHUWHEUDWHDQLPDOVXVHGLQUHVHDUFKIURPDGHDOHUOLFHQVHGE\WKH
6HFUHWDU\RI$JULFXOWXUHXQGHU86&DQG&)5RUIURPDVRXUFHWKDWLVH[HPSW
IURPOLFHQVLQJXQGHUWKRVHVHFWLRQV
F 7KH&RQWUDFWRUDJUHHVWKDWWKHFDUHXVHDQGLQWHQGHGXVHRIDQ\OLYHYHUWHEUDWHDQLPDOVLQWKH
SHUIRUPDQFHRIWKLVFRQWUDFWVKDOOFRQIRUPZLWKWKH3XEOLF+HDOWK6HUYLFH 3+6 3ROLF\RQ+XPDQH
&DUHRI8VHRI/DERUDWRU\$QLPDOV 3+63ROLF\ WKHFXUUHQW$QLPDO:HOIDUH$VVXUDQFH $VVXUDQFH WKH*XLGHIRUWKH&DUHDQG8VHRI/DERUDWRU\$QLPDOV 1DWLRQDO$FDGHP\3UHVV:DVKLQJWRQ'&
DQGWKHSHUWLQHQWODZVDQGUHJXODWLRQVRIWKH8QLWHG6WDWHV'HSDUWPHQWRI$JULFXOWXUH VHH86&
HWVHTDQG&)5VXEFKDSWHU$3DUWV ,QFDVHRIFRQIOLFWEHWZHHQVWDQGDUGVWKHPRUH
VWULQJHQWVWDQGDUGVKDOOJRYHUQ
G ,IDWDQ\WLPHGXULQJSHUIRUPDQFHRIWKLVFRQWUDFWWKH&RQWUDFWLQJ2IILFHUGHWHUPLQHVLQ
FRQVXOWDWLRQZLWKWKH2IILFHRI/DERUDWRU\$QLPDO:HOIDUH 2/$: 1DWLRQDO,QVWLWXWHVRI+HDOWK
1,+ WKDWWKH&RQWUDFWRULVQRWLQFRPSOLDQFHZLWKDQ\RIWKHUHTXLUHPHQWVDQGVWDQGDUGVVWDWHGLQ
SDUDJUDSKV D WKURXJK F DERYHWKH&RQWUDFWLQJ2IILFHUPD\LPPHGLDWHO\VXVSHQGLQZKROHRULQ
SDUWZRUNDQGIXUWKHUSD\PHQWVXQGHUWKLVFRQWUDFWXQWLOWKH&RQWUDFWRUFRUUHFWVWKH
QRQFRPSOLDQFH1RWLFHRIWKHVXVSHQVLRQPD\EHFRPPXQLFDWHGE\WHOHSKRQHDQGFRQILUPHGLQ
ZULWLQJ,IWKH&RQWUDFWRUIDLOVWRFRPSOHWHFRUUHFWLYHDFWLRQZLWKLQWKHSHULRGRIWLPHGHVLJQDWHGLQ
WKH&RQWUDFWLQJ2IILFHU VZULWWHQQRWLFHRIVXVSHQVLRQWKH&RQWUDFWLQJ2IILFHUPD\LQFRQVXOWDWLRQ
ZLWK2/$:1,+WHUPLQDWHWKLVFRQWUDFWLQZKROHRULQSDUWDQGWKH&RQWUDFWRU VQDPHPD\EH
UHPRYHGIURPWKHOLVWRIWKRVHFRQWUDFWRUVZLWK$QLPDO:HOIDUH$VVXUDQFHV
1RWH7KH&RQWUDFWRUPD\UHTXHVWUHJLVWUDWLRQRILWVIDFLOLW\DQGDFXUUHQWOLVWLQJRIOLFHQVHGGHDOHUV
IURPWKH5HJLRQDO2IILFHRIWKH$QLPDODQG3ODQW+HDOWK,QVSHFWLRQ6HUYLFH $3+,6 86'$IRUWKH
UHJLRQLQZKLFKLWVUHVHDUFKIDFLOLW\LVORFDWHG7KHORFDWLRQRIWKHDSSURSULDWH$3+,65HJLRQDO
2IILFHDVZHOODVLQIRUPDWLRQFRQFHUQLQJWKLVSURJUDPPD\EHREWDLQHGE\FRQWDFWLQJWKH$QLPDO
&DUH6WDII86'$$3+,65LYHU5RDG5LYHUGDOH0DU\ODQG (PDLODFH#DSKLVXVGDJRY
:HEVLWH KWWSZZZDSKLVXVGDJRYZSVSRUWDODSKLVRXUIRFXVDQLPDOZHOIDUH (QGRIFODXVH
5HVWULFWLRQRQ8VHRI+XPDQ6XEMHFWV
$VSUHVFULEHGLQ++6$5 E WKH&RQWUDFWLQJ2IILFHUVKDOOLQVHUWWKHIROORZLQJFODXVH
5HVWULFWLRQRQ8VHRI+XPDQ6XEMHFWV '(&
3XUVXDQWWR&)5SDUW3URWHFWLRQRI+XPDQ5HVHDUFK6XEMHFWVWKH&RQWUDFWRUVKDOOQRW
H[SHQGIXQGVXQGHUWKLVDZDUGIRUUHVHDUFKLQYROYLQJKXPDQVXEMHFWVRUHQJDJHLQDQ\KXPDQ
VXEMHFWVUHVHDUFKDFWLYLW\SULRUWRWKH&RQWUDFWLQJ2IILFHU VUHFHLSWRIDFHUWLILFDWLRQWKDWWKH
UHVHDUFKKDVEHHQUHYLHZHGDQGDSSURYHGE\WKH,QVWLWXWLRQDO5HYLHZ%RDUG ,5% UHJLVWHUHGZLWK
2+537KLVUHVWULFWLRQDSSOLHVWRDOOFROODERUDWLQJVLWHVZKHWKHUGRPHVWLFRUIRUHLJQDQG
VXEFRQWUDFWRUV7KH&RQWUDFWRUPXVWHQVXUHFRPSOLDQFHE\FROODERUDWRUVDQGVXEFRQWUDFWRUV
(QGRIFODXVH
>5HVHUYHG@
1RQ'LVFULPLQDWLRQIRU&RQVFLHQFH
$VSUHVFULEHGLQ++6$5WKH&RQWUDFWLQJ2IILFHUVKDOOLQVHUWWKHIROORZLQJSURYLVLRQ
1RQ'LVFULPLQDWLRQIRU&RQVFLHQFH '(&
D 6HFWLRQ G RIWKH8QLWHG6WDWHV/HDGHUVKLS$JDLQVW+,9$,'67XEHUFXORVLVDQG0DODULD$FW
DVDPHQGHGSURYLGHVWKDWDQRUJDQL]DWLRQLQFOXGLQJDIDLWKEDVHGRUJDQL]DWLRQWKDWLVRWKHUZLVH
HOLJLEOHWRUHFHLYHDVVLVWDQFHXQGHUVHFWLRQ$RIWKH)RUHLJQ$VVLVWDQFH$FWRIXQGHUWKH
8QLWHG6WDWHV/HDGHUVKLS$JDLQVW+,9$,'67XEHUFXORVLVDQG0DODULD$FWRIXQGHUWKH7RP
/DQWRVDQG+HQU\-+\GH8QLWHG6WDWHV*OREDO/HDGHUVKLS$JDLQVW+,9$,'67XEHUFXORVLVDQG
0DODULD5HDXWKRUL]DWLRQ$FWRIRUXQGHUDQ\DPHQGPHQWWRWKHIRUHJRLQJ$FWVIRU+,9$,'6
SUHYHQWLRQWUHDWPHQWRUFDUH
6KDOOQRWEHUHTXLUHGDVDFRQGLWLRQRIUHFHLYLQJVXFKDVVLVWDQFHWR
L (QGRUVHRUXWLOL]HDPXOWLVHFWRUDORUFRPSUHKHQVLYHDSSURDFKWRFRPEDWLQJ+,9$,'6RU
LL (QGRUVHXWLOL]HPDNHDUHIHUUDOWREHFRPHLQWHJUDWHGZLWKRURWKHUZLVHSDUWLFLSDWHLQDQ\
SURJUDPRUDFWLYLW\WRZKLFKWKHRUJDQL]DWLRQKDVDUHOLJLRXVRUPRUDOREMHFWLRQ
6KDOOQRWEHGLVFULPLQDWHGDJDLQVWXQGHUWKHSURYLVLRQVRIODZLQVXESDUDJUDSK D IRUUHIXVLQJWR
PHHWDQ\UHTXLUHPHQWGHVFULEHGLQSDUDJUDSK D LQWKLVVROLFLWDWLRQ
E $FFRUGLQJO\DQRIIHURUZKREHOLHYHVWKLVVROLFLWDWLRQFRQWDLQVZRUNUHTXLUHPHQWVUHTXLULQJLW
HQGRUVHRUXWLOL]HDPXOWLVHFWRUDORUFRPSUHKHQVLYHDSSURDFKWRFRPEDWLQJ+,9$,'6RUHQGRUVH
XWLOL]HPDNHUHIHUUDOWREHFRPHLQWHJUDWHGZLWKRURWKHUZLVHSDUWLFLSDWHLQDSURJUDPRUDFWLYLW\WR
ZKLFKLWKDVDUHOLJLRXVRUPRUDOREMHFWLRQVKDOOLGHQWLI\WKRVHZRUNUHTXLUHPHQWVLWH[FOXGHGLQLWV
WHFKQLFDOSURSRVDO
F 7KH*RYHUQPHQWDFNQRZOHGJHVWKDWDQRIIHURUKDVVSHFLILFULJKWVDVFLWHGLQSDUDJUDSK E WR
H[FOXGHFHUWDLQZRUNUHTXLUHPHQWVLQWKLVVROLFLWDWLRQIURPLWVSURSRVDO+RZHYHUWKH*RYHUQPHQW
UHVHUYHVWKHULJKWWRQRWPDNHDQDZDUGWRDQRIIHURUZKRVHSURSRVDOGRHVQRWFRPSO\ZLWKWKH
VDOLHQWZRUNUHTXLUHPHQWVRIWKHVROLFLWDWLRQ$Q\H[HUFLVHRIWKDW*RYHUQPHQWULJKWZLOOEHPDGHE\
WKH+HDGRIWKH&RQWUDFWLQJ$FWLYLW\
(QGRISURYLVLRQ
1RWLFHWR2IIHURUV3URWHFWLRQRI+XPDQ6XEMHFWV5HVHDUFK
,QYROYLQJ+XPDQ6XEMHFWV&RPPLWWHH 5,+6& $SSURYDORI5HVHDUFK
3URWRFROV5HTXLUHG
$VSUHVFULEHGLQ++6$5 G WKH&RQWUDFWLQJ2IILFHUVKDOOLQVHUWWKHIROORZLQJSURYLVLRQ
1RWLFHWR2IIHURUV3URWHFWLRQRI+XPDQ6XEMHFWV5HVHDUFK,QYROYLQJ+XPDQ6XEMHFWV&RPPLWWHH
5,+6& $SSURYDORI5HVHDUFK3URWRFROV5HTXLUHG '(&
D $OO2IIHURUVSURSRVLQJUHVHDUFKH[SHFWHGWRLQYROYHKXPDQVXEMHFWVVKDOOFRPSO\ZLWKWKH
UHJXODWLRQVVHWIRUWKLQ&)5SDUWDQGZLWKWKHSURYLVLRQVDW++6$5D
E 7KH2IIHURUVKDOOKDYHDQDFFHSWDEOH$VVXUDQFHRI&RPSOLDQFHRQILOHZLWKWKH2IILFHIRU+XPDQ
5HVHDUFK3URWHFWLRQV 2+53 ZKHQHYHULWVXEPLWVDSURSRVDOWRWKH)'$IRUUHVHDUFKH[SHFWHGWR
LQYROYHKXPDQVXEMHFWV'LUHFWTXHVWLRQVUHJDUGLQJ)HGHUDOZLGH$VVXUDQFHWR2+537KH2IIHURU V
SURSRVDOVKDOOLQFOXGHDFRS\RIWKHDFFHSWDEOH$VVXUDQFHRI&RPSOLDQFH
F $IWHUWKHFRQWUDFWKDVEHHQDZDUGHGWKH&RQWUDFWRUVKDOOWDNHWKHIROORZLQJDFWLRQV
7KH,QVWLWXWLRQDO5HYLHZ%RDUG ,5% VSHFLILHGLQWKH2IIHURU V$VVXUDQFHRI&RPSOLDQFH
KHUHDIWHUUHIHUUHGWRDVdWKHORFDO,5%eVKDOOUHYLHZWKHSURSRVHGUHVHDUFKSURWRFRO$OHWWHUIURP
WKHORFDO,5%VWDWLQJWKDWWKHSURSRVHGUHVHDUFKSURWRFROKDVEHHQUHYLHZHGDQGDSSURYHGDQGWKXV
DGHTXDWHO\SURWHFWVWKHULJKWVDQGZHOIDUHRIKXPDQVXEMHFWVLQYROYHGRUDOHWWHUVWDWLQJWKDWWKH
SURSRVHGUHVHDUFKLVH[HPSWXQGHU&)5 E VKDOOEHVXEPLWWHGWRWKH&RQWUDFWLQJ2IILFHU
8SRQDZDUGWKHVXFFHVVIXO2IIHURUKHUHDIWHUdWKH&RQWUDFWRUeVKDOOVXEPLWLWVSURSRVHG
UHVHDUFKSURWRFROWRWKH)'$ V5HVHDUFK,QYROYLQJ+XPDQ6XEMHFWV&RPPLWWHH 5,+6& 7KH5,+6&
RULWVGHVLJQHHZLOOUHYLHZDQGDSSURYHWKHUHVHDUFKSURWRFROWRDVVXUHLWDGHTXDWHO\SURWHFWVWKH
ULJKWVDQGZHOIDUHRIKXPDQVXEMHFWVLQYROYHG7KH5,+6&RUGHVLJQHHZLOODOVRGHWHUPLQHZKHWKHU
WKHSURSRVHGUHVHDUFKLVH[HPSWXQGHU&)5 E 7KH&RQWUDFWRUVKDOOVXEPLWWRWKH
&RQWUDFWLQJ2IILFHURIUHFRUGDFRS\RIWKH5,+6& VRULWVGHVLJQHH VOHWWHUVWDWLQJWKDWLWUHYLHZHG
DQGDSSURYHGWKHSURSRVHGUHVHDUFKSURWRFRO
G 7KH&RQWUDFWRUVKDOOQRWDGYHUWLVHIRUUHFUXLWRUHQUROOKXPDQVXEMHFWVRURWKHUZLVHFRPPHQFH
DQ\UHVHDUFKLQYROYLQJKXPDQVXEMHFWVXQWLO5,+6&RULWVGHVLJQHHUHYLHZVDQGDSSURYHVLWV
UHVHDUFK7KH&RQWUDFWRUPD\EHJLQRWKHUOLPLWHGDVSHFWVRIFRQWUDFWSHUIRUPDQFHSULRUWRUHFHLYLQJ
5,+6& VRUGHVLJQHH VDSSURYDORIWKHSURSRVHGUHVHDUFKSURWRFRO5HVHDUFKLQYROYLQJKXPDQ
VXEMHFWVPD\FRPPHQFHLPPHGLDWHO\XSRQWKH&RQWUDFWRU VUHFHLSWRI5,+6& VRUGHVLJQHH V
DSSURYDOKRZHYHUWKH&RQWUDFWRUVKDOOVXEPLWDFRS\RI5,+6& VRULWVGHVLJQHH VDSSURYDOWRWKH
&RQWUDFWLQJ2IILFHUZLWKLQWKUHHEXVLQHVVGD\VRILWVUHFHLSW
H $&RQWUDFWRU VIDLOXUHWRREWDLQ5,+6& VRULWVGHVLJQHH VDSSURYDORILWVSURSRVHGUHVHDUFKPD\
UHVXOWLQWHUPLQDWLRQRILWVFRQWUDFW+RZHYHUIDLOXUHWRREWDLQ5,+6& VRULWVGHVLJQHH VDSSURYDO
GXULQJLQLWLDOUHYLHZZLOOQRWDXWRPDWLFDOO\UHVXOWLQWHUPLQDWLRQRIWKHFRQWUDFW,QVWHDGWKH
&RQWUDFWRUPD\FRUUHFWDQ\GHILFLHQFLHVLGHQWLILHGGXULQJWKHLQLWLDO5,+6&RUGHVLJQHHUHYLHZDQG
UHVXEPLWWKHSURSRVHGUHVHDUFKSURWRFROWR5,+6&RULWVGHVLJQHHIRUDVHFRQGUHYLHZ7KH
&RQWUDFWRULVHQFRXUDJHGWRVROLFLWWKH5,+6& VRULWVGHVLJQHH VLQSXWGXULQJWKHUHVXEPLVVLRQ
SURFHVV
I 7KH&RQWUDFWRUVKDOOVHHN5,+6& VRULWVGHVLJQHH VDQGORFDO,5%UHYLHZDQGDSSURYDOZKHQHYHU
PDNLQJPRGLILFDWLRQVDPHQGPHQWVRURWKHUFKDQJHVWRWKHUHVHDUFKSURWRFRO6XFKPRGLILFDWLRQV
DPHQGPHQWVDQGFKDQJHVLQFOXGHEXWDUHQRWOLPLWHGWRFKDQJHVLQLQYHVWLJDWRUVLQIRUPHGFRQVHQW
IRUPVDQGUHFUXLWPHQWDGYHUWLVHPHQWV7KH&RQWUDFWRUPD\LQVWLWXWHFKDQJHVLPPHGLDWHO\DIWHU
UHFHLYLQJERWKWKHORFDO,5%DQG5,+6&RULWVGHVLJQHHDSSURYDO H[FHSWZKHQQHFHVVDU\WR
HOLPLQDWHDSSDUHQWLPPHGLDWHKD]DUGVWRWKHVXEMHFW KRZHYHUWKH&RQWUDFWRUVKDOOVXEPLWDFRS\
RIWKHOHWWHUHYLGHQFLQJ5,+6& VRULWVGHVLJQHH VDSSURYDORIWKHSURSRVHGFKDQJHVWRWKH
&RQWUDFWLQJ2IILFHUZLWKLQWKUHHEXVLQHVVGD\VRILWVUHFHLSW
(QGRISURYLVLRQ
3URWHFWLRQRI+XPDQ6XEMHFWV5HVHDUFK,QYROYLQJ+XPDQ
6XEMHFWV&RPPLWWHH 5,+6& $SSURYDORI5HVHDUFK3URWRFROV5HTXLUHG
$VSUHVFULEHGLQ++6$5 F WKH&RQWUDFWLQJ2IILFHUVKDOOLQVHUWWKHIROORZLQJFODXVH
3URWHFWLRQRI+XPDQ6XEMHFWV5HVHDUFK,QYROYLQJ+XPDQ6XEMHFWV&RPPLWWHH 5,+6& $SSURYDORI
5HVHDUFK3URWRFROV5HTXLUHG '(&
D 7KH&RQWUDFWRUDJUHHVWRSURWHFWWKHULJKWVDQGZHOIDUHRIKXPDQVXEMHFWVLQYROYHGLQUHVHDUFK
XQGHUWKLVFRQWUDFWE\FRPSO\LQJZLWK&)5SDUWDQGWKHFODXVHDW++6$5E
E ,QLWLDOSURRIRIFRPSOLDQFHZLWK&)5SDUWVKDOOFRQVLVWRI
$FRS\RIDFXUUHQW)HGHUDOZLGH$VVXUDQFHRQILOHZLWK2+537KHFRS\RIDFXUUHQW)HGHUDO
ZLGH$VVXUDQFHVKDOOEHLQFOXGHGZLWKWKH&RQWUDFWRU VSURSRVDO
$OHWWHUIURPWKH&RQWUDFWRU VORFDO,5% WKH,QVWLWXWLRQDO5HYLHZ%RDUG ,5% VSHFLILHGLQWKH
2IIHURU V$VVXUDQFHRI&RPSOLDQFH VWDWLQJWKDWLWKDVUHYLHZHGDQGDSSURYHGWKHSURSRVHGUHVHDUFK
SURWRFRO7KHOHWWHUIURPWKHORFDO,5%VKDOOEHVXEPLWWHGWRWKH&RQWUDFWLQJ2IILFHDQG
$FRS\RIDOHWWHUIURPWKH5,+6&VWDWLQJWKDWLWRULWVGHVLJQHHKDVUHYLHZHGDQGDSSURYHGWKH
SURSRVHGUHVHDUFKSURWRFRO7KLVVKDOOEHVXEPLWWHGWRWKH&RQWUDFWLQJ2IILFHUZLWKLQWKUHHEXVLQHVV
GD\VRILWVLVVXDQFH
7KH&RQWUDFWRUVKDOOQRWDGYHUWLVHIRUUHFUXLWRUHQUROOKXPDQVXEMHFWVRURWKHUZLVHFRPPHQFHDQ\
UHVHDUFKLQYROYLQJKXPDQVXEMHFWVXQGHUWKLVFRQWUDFWXQWLO5,+6&KDVUHYLHZHGDQGDSSURYHGLWV
UHVHDUFK7KH&RQWUDFWRUPD\FRPPHQFHRWKHUOLPLWHGDVSHFWVRIFRQWUDFWSHUIRUPDQFHSULRUWR
UHFHLYLQJ5,+6&RULWVGHVLJQHHDSSURYDORILWVSURSRVHGUHVHDUFKSURWRFRO5HVHDUFKLQYROYLQJ
KXPDQVXEMHFWVPD\FRPPHQFHLPPHGLDWHO\XSRQWKH&RQWUDFWRU VUHFHLSWRI5,+6&RULWVGHVLJQHH
DSSURYDOKRZHYHUWKH&RQWUDFWRUVKDOOVXEPLWDFRS\RI5,+6& VRULWVGHVLJQHH VOHWWHURIDSSURYDO
WRWKH&RQWUDFWLQJ2IILFHUZLWKLQWKUHHEXVLQHVVGD\VRILWVUHFHLSW
)DLOXUHWRREWDLQ5,+6&RULWVGHVLJQHHDSSURYDORISURSRVHGUHVHDUFKSURWRFROVPD\UHVXOWLQWKH
WHUPLQDWLRQRIWKLVFRQWUDFW
F 7KH&RQWUDFWRUIXUWKHUDJUHHVWKDW
7KH&RQWUDFWRUZLOOSURYLGHDOHWWHUIURP5,+6&DWOHDVWDQQXDOO\VWDWLQJWKDW5,+6&RULWV
GHVLJQHHKDVUHYLHZHGDQGDSSURYHGWKHUHVHDUFKSURWRFROVIRUUHVHDUFKSHUIRUPHGXQGHUWKLV
FRQWUDFW7KLVVKDOOEHVXEPLWWHGWRWKH&RQWUDFWLQJ2IILFHUIRULQFOXVLRQLQWKHFRQWUDFWILOH
7KH&RQWUDFWRUZLOOVXEPLWDOOSURSRVHGPRGLILFDWLRQVDQGDPHQGPHQWVWRUHVHDUFKSURWRFROVIRU
UHVHDUFKSHUIRUPHGXQGHUWKLVFRQWUDFWWR5,+6&IRUUHYLHZDQGDSSURYDO0RGLILFDWLRQVDQG
DPHQGPHQWVLQFOXGHEXWDUHQRWOLPLWHGWRFKDQJHVWRFRQVHQWIRUPVDQGDGYHUWLVLQJPDWHULDOVDQG
WKHDGGLWLRQRUGHOHWLRQRILQYHVWLJDWRUV&KDQJHVPD\EHLQVWLWXWHGLPPHGLDWHO\DIWHUWKH&RQWUDFWRU
KDVUHFHLYHGERWKWKHORFDO,5%DQG5,+6&RULWVGHVLJQHHDSSURYDO H[FHSWZKHQQHFHVVDU\WR
HOLPLQDWHDSSDUHQWLPPHGLDWHKD]DUGVWRWKHVXEMHFW KRZHYHUWKH&RQWUDFWRUVKDOOVXEPLWDFRS\RI
WKHOHWWHUHYLGHQFLQJ5,+6& VRULWVGHVLJQHH VDSSURYDORIWKHSURSRVHGFKDQJHVWRWKH&RQWUDFWLQJ
2IILFHUZLWKLQWKUHHEXVLQHVVGD\VRILWVUHFHLSW
(QGRIFODXVH
1HHGOH([FKDQJH
$VSUHVFULEHGLQ++6$5 G WKH&RQWUDFWLQJ2IILFHUVKDOOLQVHUWWKHIROORZLQJFODXVH
1HHGOH([FKDQJH '(&
7KH&RQWUDFWRUVKDOOQRWXVHDQ\IXQGVREOLJDWHGXQGHUWKLVFRQWUDFWWRFDUU\RXWDQ\SURJUDPRI
GLVWULEXWLQJVWHULOHQHHGOHVRUV\ULQJHVIRUWKHK\SRGHUPLFLQMHFWLRQRIDQ\LOOHJDOGUXJ
(QGRIFODXVH
&RQWLQXHG%DQRQ)XQGLQJ$ERUWLRQDQG&RQWLQXHG%DQRQ
)XQGLQJRI+XPDQ(PEU\R5HVHDUFK
$VSUHVFULEHGLQ++6$5 H WKH&RQWUDFWLQJ2IILFHUVKDOOLQVHUWWKHIROORZLQJFODXVH
&RQWLQXHG%DQRQ)XQGLQJ$ERUWLRQDQG&RQWLQXHG%DQRQ)XQGLQJRI+XPDQ(PEU\R5HVHDUFK
'(&
D 7KH&RQWUDFWRUVKDOOQRWXVHDQ\IXQGVREOLJDWHGXQGHUWKLVFRQWUDFWIRUDQ\DERUWLRQ
E 7KH&RQWUDFWRUVKDOOQRWXVHDQ\IXQGVREOLJDWHGXQGHUWKLVFRQWUDFWIRUWKHIROORZLQJ
7KHFUHDWLRQRIDKXPDQHPEU\RRUHPEU\RVIRUUHVHDUFKSXUSRVHVRU
5HVHDUFKLQZKLFKDKXPDQHPEU\RRUHPEU\RVDUHGHVWUR\HGGLVFDUGHGRUNQRZLQJO\VXEMHFWHG
WRULVNRILQMXU\RIGHDWKJUHDWHUWKDQWKDWDOORZHGIRUUHVHDUFKRQIHWXVHVLQXWHURXQGHU&)5
SDUWDQG6HFWLRQ E RIWKH3XEOLF+HDOWK6HUYLFH$FW 86&J E F 7KHWHUPdKXPDQHPEU\RRUHPEU\RVeLQFOXGHVDQ\RUJDQLVPQRWSURWHFWHGDVDKXPDQVXEMHFW
XQGHU&)5SDUWDVRIWKHGDWHRIWKHHQDFWPHQWRIWKLV$FWWKDWLVGHULYHGE\IHUWLOL]DWLRQ
SDUWKHQRJHQHVLVFORQLQJRUDQ\RWKHUPHDQVIURPRQHRUPRUHKXPDQJDPHWHVRIKXPDQGLSORLG
FHOOV
G 7KH&RQWUDFWRUVKDOOQRWXVHDQ\)HGHUDOIXQGVIRUWKHFORQLQJRIKXPDQEHLQJV
(QGRIFODXVH
3$57&2175$&7),1$1&,1*
$XWKRULW\86&86& F 6RXUFH)51RYXQOHVVRWKHUZLVHQRWHG
6XESDUW$GYDQFH3D\PHQWVIRU1RQ&RPPHUFLDO,WHPV
*HQHUDO
,QWHUHVW
6XESDUW3URJUHVV3D\PHQWV%DVHGRQ&RVW
*HQHUDO
8QXVXDOSURJUHVVSD\PHQWV
6XESDUW&RQWUDFW)XQGLQJ
3ROLF\
&RQWUDFWIXQGLQJUHTXLUHPHQWV
*HQHUDO
,QFUHPHQWDOO\IXQGHGFRVWUHLPEXUVHPHQWFRQWUDFWV
,QFUHPHQWDO)XQGLQJ7DEOH
6ROLFLWDWLRQSURYLVLRQDQGFRQWUDFWFODXVHV
3URYLVLRQDQGFODXVHVIRUOLPLWDWLRQRIFRVWRUIXQGV
6XESDUW(OHFWURQLF6XEPLVVLRQDQG3URFHVVLQJRI3D\PHQW5HTXHVWV
6FRSHRIVXESDUW
'HILQLWLRQV
3ROLF\
&RQWUDFWFODXVH
3DUHQWWRSLF68%&+$37(5(*(1(5$/&2175$&7,1*5(48,5(0(176
6XESDUW$GYDQFH3D\PHQWVIRU1RQ&RPPHUFLDO
,WHPV
Advisory No. 1
*HQHUDO
H 7KHKHDGRIWKHFRQWUDFWLQJDFWLYLW\ +&$ QRQGHOHJDEOH VKDOOPDNHGHWHUPLQDWLRQVUHODWHGWR
DGYDQFHGSD\PHQWVDQGDVVXUHFRPSOLDQFHZLWK)$5
,QWHUHVW
G 7KH+&$ QRQGHOHJDEOH VKDOOPDNHWKHGHWHUPLQDWLRQVLQ)$5 G 6XESDUW3URJUHVV3D\PHQWV%DVHGRQ&RVW
*HQHUDO
8QXVXDOSURJUHVVSD\PHQWV
D 7KH+&$ QRQGHOHJDEOH VKDOODSSURYHXQXVXDOSURJUHVVSD\PHQWV
6XESDUW&RQWUDFW)XQGLQJ
3ROLF\
'HSDUWPHQWDOHPSOR\HHVVKDOOUHSRUWDQ\VXVSHFWHGYLRODWLRQRIWKH$QWL'HILFLHQF\$FW 86&
86&DQG86& LPPHGLDWHO\WRWKH2SHUDWLQJ'LYLVLRQ V&KLHI)LQDQFLDO
2IILFHU &)2 ZKRLQWXUQZLOOUHSRUWWKHPDWWHUWRWKH++6'HSXW\&)2
&RQWUDFWIXQGLQJUHTXLUHPHQWV
*HQHUDO
E 7KHIROORZLQJUHTXLUHPHQWVJRYHUQDOOVROLFLWDWLRQVDQGFRQWUDFWVXVLQJLQFUHPHQWDOIXQGLQJDV
DSSURSULDWH
7KHFRQWUDFWLQJRIILFHUVKDOOFRQVLGHUWKHHVWLPDWHGWRWDOFRVWRIWKHFRQWUDFWLQFOXGLQJDOO
SODQQHGLQFUHPHQWVRISHUIRUPDQFHZKHQGHWHUPLQLQJWKHUHTXLUHPHQWVWKDWPXVWEHPHWEHIRUH
FRQWUDFWH[HFXWLRQ HJ-XVWLILFDWLRQDQG$SSURYDOVFOHDUDQFHVDQGDSSURYDOV 7KHVROLFLWDWLRQDQGUHVXOWDQWFRQWUDFWVKDOOLQFOXGHDVWDWHPHQWRIZRUNRUSHUIRUPDQFHZRUN
VWDWHPHQWWKDWGHVFULEHVWKHWRWDOSURMHFWFRYHUVDOOSURSRVHGLQFUHPHQWVRISHUIRUPDQFHDQG
FRQWDLQVDVFKHGXOHRISODQQHGLQFUHPHQWVRISHUIRUPDQFH1RIXQGLQJLQFUHPHQWPD\H[FHHG
\HDUDQGWKHVHUYLFHVUHQGHUHGGXULQJHDFKLQFUHPHQWRISHUIRUPDQFHPXVWSURYLGHDVSHFLILF
PDWHULDOEHQHILWWKDWFDQVWDQGDORQHLIWKHUHPDLQLQJHIIRUWLVQRWIXQGHG7KHUHVXOWDQWFRQWUDFW
VKDOODOVRLQFOXGHWKHFRUUHVSRQGLQJDPRXQWRIIXQGVSODQQHGIRUREOLJDWLRQIRUHDFKLQFUHPHQWRI
SHUIRUPDQFH
7KHFRQWUDFWLQJRIILFHUVKDOOUHTXHVWWKDWRIIHURUVUHVSRQGWRWKHVROLFLWDWLRQZLWKWHFKQLFDODQG
FRVWSURSRVDOVIRUWKHHQWLUHSURMHFWDQGVKDOOUHTXLUHGLVWLQFWWHFKQLFDODQGFRVWEUHDNRXWVRIWKH
SODQQHGLQFUHPHQWVRISHUIRUPDQFH
3URSRVDOVVKDOOEHHYDOXDWHGDQGDQ\GLVFXVVLRQVDQGQHJRWLDWLRQVVKDOOEHFRQGXFWHGEDVHGXSRQ
WKHWRWDOSURMHFWLQFOXGLQJDOOSODQQHGLQFUHPHQWVRISHUIRUPDQFH
,QFUHPHQWDOO\IXQGHGFRVWUHLPEXUVHPHQWFRQWUDFWV
,QFUHPHQWDOIXQGLQJPD\EHXVHGLQFRVWUHLPEXUVHPHQWFRQWUDFWVIRUVHYHUDEOHVHUYLFHVRQO\ZKHQ
DOORIWKHIROORZLQJFLUFXPVWDQFHVDUHSUHVHQW
D )XQGLQJRILQFUHPHQWVDIWHUWKHLQLWLDOLQFUHPHQWRISHUIRUPDQFHLVSURYLGHGIURPWKH
DSSURSULDWLRQDFFRXQWDYDLODEOHIRUREOLJDWLRQDWWKDWWLPH
E 7KHSURMHFWUHSUHVHQWVDERQDILGHQHHGRIWKHILVFDO\HDULQZKLFKWKHFRQWUDFWLVDZDUGHGDQG
LQLWLDOO\IXQGHG LHWKHLQLWLDOLQFUHPHQWRISHUIRUPDQFH DQGLVDOVRDERQDILGHQHHGRIHDFK
VXEVHTXHQWILVFDO\HDUZKRVHDSSURSULDWLRQZLOOEHXVHGDQG
F 7KHSURMHFW VVLJQLILFDQFHSURYLGHVUHDVRQDEOHDVVXUDQFHWKDWVXEVHTXHQW\HDUDSSURSULDWLRQV
ZLOOEHPDGHDYDLODEOHWRIXQGWKHSURMHFW VFRQWLQXDWLRQDQGFRPSOHWLRQ
,QFUHPHQWDO)XQGLQJ7DEOH
D 7KHFRQWUDFWLQJRIILFHUVKDOOLQVHUWVXEVWDQWLDOO\WKHIROORZLQJODQJXDJHLQ6HFWLRQ%6XSSOLHVRU
6HUYLFHVDQG3ULFHVRU&RVWV7DEOHLQDOOFRVWUHLPEXUVHPHQWFRQWUDFWVIRUVHYHUDEOHVHUYLFHV
XVLQJLQFUHPHQWDOIXQGLQJ7KHODQJXDJHUHTXLUHVWKHFRQWUDFWLQJRIILFHUWR
,QVHUWWKHLQLWLDOIXQGLQJREOLJDWHGE\WKHDZDUG
,GHQWLI\WKHLQFUHPHQWRISHUIRUPDQFHFRYHUHGE\WKHIXQGLQJSURYLGHGDQG
6SHFLI\WKHVWDUWDQGHQGGDWHVIRUHDFKLQFUHPHQWRISHUIRUPDQFHDVUHTXLUHGE\WKH
b/LPLWDWLRQRI)XQGVcFODXVHDW)$5
E 0RGLILFDWLRQRIWKHODQJXDJHLVSHUPLWWHGWRILWVSHFLILFFLUFXPVWDQFHVRIWKHFRQWUDFWLQFOXGLQJ
EXWQRWOLPLWHGWRODQJXDJHQHFHVVDU\WRUHIOHFWWKHVSHFLILFW\SHRIFRVWUHLPEXUVHPHQWFRQWUDFW
DZDUGHGEXWWKHODQJXDJHPD\QRWEHRPLWWHGFRPSOHWHO\
7DEOH%BBBB(VWLPDWHG&RVW,QFUHPHQWDOO\)XQGHG&RQWUDFW
D 7KHWRWDOHVWLPDWHGFRVWWRWKH*RYHUQPHQWIRUIXOOSHUIRUPDQFHRIWKLVFRQWUDFWLQFOXGLQJDOO
DOORZDEOHGLUHFWDQGLQGLUHFWFRVWVLVBBBB>LQVHUWIXOODPRXQW@
E 7KHIROORZLQJUHSUHVHQWVWKHVFKHGXOH E\ZKLFKWKH*RYHUQPHQWH[SHFWVWRDOORWIXQGVWRWKLV
FRQWUDFW
&/,1WDVN
QXPEHURU
GHVFULSWLRQ
6WDUWGDWHRI
LQFUHPHQW
RI
SHUIRUPDQFH
(QGGDWHRI
LQFUHPHQW
RI
SHUIRUPDQFH
(VWLPDWHG
FRVW )HH DV
DSSURSULDWH
(VWLPDWHG
FRVWSOXVIHH
DV
DSSURSULDWH
>7RWDO@
>7RWDO@
>7RWDO@
7REHLQVHUWHGDIWHUQHJRWLDWLRQ
F 7RWDOIXQGVFXUUHQWO\REOLJDWHGDQGDYDLODEOHIRUSD\PHQWXQGHUWKLVFRQWUDFWDUHBBBB>LQVHUW
DPRXQWIXQGHGWRGDWH@
G 7KHFRQWUDFWLQJRIILFHUPD\LVVXHXQLODWHUDOPRGLILFDWLRQVWRREOLJDWHDGGLWLRQDOIXQGVWRWKH
FRQWUDFWDQGPDNHUHODWHGFKDQJHVWRSDUDJUDSKV E DQGRU F DERYH
H 8QWLOWKLVFRQWUDFWLVIXOO\IXQGHGWKHUHTXLUHPHQWVRIWKHFODXVHDW)$5/LPLWDWLRQRI
)XQGVVKDOOJRYHUQ2QFHWKHFRQWUDFWLVIXOO\IXQGHGWKHUHTXLUHPHQWVRIWKHFODXVHDW)$5
/LPLWDWLRQRI&RVWJRYHUQ
6ROLFLWDWLRQSURYLVLRQDQGFRQWUDFWFODXVHV
3URYLVLRQDQGFODXVHVIRUOLPLWDWLRQRIFRVWRUIXQGV
E ,QDGGLWLRQWRWKHFODXVHDW)$5/LPLWDWLRQRI)XQGVWKHFRQWUDFWLQJRIILFHUVKDOO
LQVHUWWKHSURYLVLRQDW,QFUHPHQWDO)XQGLQJLQDOOVROLFLWDWLRQVZKHQDFRVW
UHLPEXUVHPHQWFRQWUDFWIRUVHYHUDEOHVHUYLFHVXVLQJLQFUHPHQWDOIXQGLQJLVFRQWHPSODWHG7KH
SURYLVLRQUHTXLUHVWKHFRQWUDFWLQJRIILFHUWRLQVHUWDVSHFLILFLQFUHPHQWRISHUIRUPDQFHWKDWWKH
LQLWLDOIXQGLQJLVH[SHFWHGWRFRYHU
6XESDUW(OHFWURQLF6XEPLVVLRQDQG3URFHVVLQJRI
3D\PHQW5HTXHVWV
6RXUFH)5)HEXQOHVVRWKHUZLVHQRWHG
6FRSHRIVXESDUW
7KLVVXESDUWSUHVFULEHVSROLFLHVDQGSURFHGXUHVIRUHOHFWURQLFVXEPLVVLRQDQGSURFHVVLQJRI
SD\PHQWUHTXHVWV
'HILQLWLRQV
3D\PHQWUHTXHVWDVXVHGLQWKLVVXESDUWLVGHILQHGDVDELOOYRXFKHULQYRLFHRUUHTXHVWIRU
FRQWUDFWILQDQFLQJSD\PHQWZLWKDVVRFLDWHGVXSSRUWLQJGRFXPHQWDWLRQ7KHSD\PHQWUHTXHVWPXVW
FRPSO\ZLWKWKHUHTXLUHPHQWVLGHQWLILHGLQ)$5 E &RQWHQWRILQYRLFHVDQGWKHDSSOLFDEOH
3D\PHQWFODXVHLQFOXGHGLQWKLVFRQWUDFW
3ROLF\
D &RQWUDFWVVKDOOUHTXLUHWKHHOHFWURQLFVXEPLVVLRQRISD\PHQWUHTXHVWVH[FHSWIRU
3XUFKDVHVSDLGIRUZLWKD*RYHUQPHQWZLGHFRPPHUFLDOSXUFKDVHFDUGDQG
&ODVVLILHGFRQWUDFWVRUSXUFKDVHVZKHQHOHFWURQLFVXEPLVVLRQDQGSURFHVVLQJRISD\PHQW
UHTXHVWVFRXOGFRPSURPLVHFODVVLILHGLQIRUPDWLRQRUQDWLRQDOVHFXULW\
E :KHUHDFRQWUDFWRWKHUZLVHUHTXLUHVWKHHOHFWURQLFVXEPLVVLRQRILQYRLFHVWKH&RQWUDFWLQJ
2IILFHUPD\DXWKRUL]HDOWHUQDWHSURFHGXUHVRQO\LIWKH&RQWUDFWLQJ2IILFHUPDNHVDZULWWHQ
GHWHUPLQDWLRQWKDW
7KH'HSDUWPHQWRI+HDOWKDQG+XPDQ6HUYLFHV ++6 LVXQDEOHWRUHFHLYHHOHFWURQLFSD\PHQW
UHTXHVWVRUSURYLGHDFFHSWDQFHHOHFWURQLFDOO\
7KHFRQWUDFWRUKDVGHPRQVWUDWHGWKDWHOHFWURQLFVXEPLVVLRQZRXOGEHXQGXO\EXUGHQVRPHRU
7KHFRQWUDFWRULVLQWKHSURFHVVRIWUDQVLWLRQLQJWRHOHFWURQLFVXEPLVVLRQRISD\PHQWUHTXHVWV
EXWQHHGVDGGLWLRQDOWLPHWRFRPSOHWHVXFKWUDQVLWLRQ$XWKRUL]DWLRQVJUDQWHGRQWKHEDVLVRIWKLV
SDUDJUDSK E PXVWVSHFLI\DGDWHE\ZKLFKWKHFRQWUDFWRUZLOOWUDQVLWLRQWRHOHFWURQLFVXEPLVVLRQ
F ([FHSWDVSURYLGHGLQSDUDJUDSKV D DQG E RIWKLVVHFWLRQ++6RIILFLDOVVKDOOSURFHVVHOHFWURQLF
SD\PHQWVXEPLVVLRQVWKURXJKWKH'HSDUWPHQWRIWKH7UHDVXU\,QYRLFH3URFHVVLQJ3ODWIRUPRU
VXFFHVVRUV\VWHP
G ,IWKHUHTXLUHPHQWIRUHOHFWURQLFVXEPLVVLRQRISD\PHQWUHTXHVWVLVZDLYHGXQGHUSDUDJUDSK
D RU E RIWKLVVHFWLRQWKHFRQWUDFWRUDOWHUQDWHSD\PHQWDXWKRUL]DWLRQDVDSSOLFDEOHVKDOO
VSHFLI\WKHIRUPDQGPHWKRGRISD\PHQWUHTXHVWVXEPLVVLRQ
&RQWUDFWFODXVH
([FHSWDVSURYLGHGLQ D XVHWKHFODXVHDW(OHFWURQLF6XEPLVVLRQRI3D\PHQW
5HTXHVWVLQDOOVROLFLWDWLRQVDQGFRQWUDFWV
1102.0
Payable Through Accounts
Y
N
Comments
15. After reviewing the responses to procedures
1 through 14, above, answer the questions listed
below:
a. Does the U.S.-based bank obtain adequate
information about the ultimate users of the
payable through accounts?
b. Is the U.S.-based bank able to rely on the home
country supervisor to require the foreign bank
to identify and monitor the transactions of its
own customers?
c. Can the U.S.-based bank ensure that its payable
through account is not being used for money
laundering or other illicit purposes?
Advisory #2
If procedure 15, a, b and c is answered in the
affirmative, you may stop. In the event that the
answer to procedure 15 a, b, or c is in the
negative, Federal Reserve guidelines recommend that the U.S.-based banking entity terminate the payable through arrangement with the
foreign bank as expeditiously as possible.
Y
N
Comments
16. Has the U.S.-based bank taken steps to terminate
the account relationship as expeditiously as possible?
Advisory #3
In those cases where the U.S.-based institution
fails to take appropriate steps to terminate the
account relationship, the examiner should so
September 1997
Page 4
note this in the ‘‘Examiners Comments and
Conclusions’’ page of the examination report,
and bring the inappropriate practice to the attention of bank management.
Bank Secrecy Act Manual
Attach to Contract Document
New York City Department of Transportation
Division of Capital Program Management and Land Use Review
REQUEST FOR PROPOSAL
ENGINEERING SERVICE AGREEMENT (ESA) for
ENGINEERING, DESIGN AND INSPECTION SERVICES CITYWIDE
PIN NOS: 84107MBRW216 and 84107MBRW217
CONTRACT NOS: HWCESA08A and HWCESA08B
ADDENDUM NO. 1
August 31, 2007
This Addendum Is Hereby Made Part Of The Contract Documents
28
NOTE:
Attached please find:
1.
2.
3.
4.
Addendum No.1
Revised Section I, Page 2.
The sign-in sheet for the 8/20/07 Pre-Proposal Conference (7 pages).
Acknowledgement Receipt.
P
a
g
e
1
o
New York City Department of Transportation
f
1
1
Division of Capital Program Management and Land Use Review
REQUEST FOR PROPOSAL
ENGINEERING SERVICE AGREEMENT (ESA) for
ENGINEERING, DESIGN AND INSPECTION SERVICES CITYWIDE
P
a
g
e
29
PIN NOS: 84107MBRW216 and 84107MBRW217
CONTRACT NOS: HWCESA08A and HWCESA08B
ADDENDUM NO. 1
August 31, 2007
REFER TO:
DELETE:
SECTION I - Timetable, Page 2, Item C: Proposal Due Date and Time and Location.
Date: September 12, 2007
REPLACE WITH: Date: September 26, 2007 (see attached sheet)
FORM 2P ACKNOWLEDGEMENT OF
ADDENDA
Directions: Complete Part I or Part II, whichever is applicable, and sign your name in Part III.
Part I
Listed below are the dates of issue for each Addendum received in connection with this RFP:
30
Addendum #10
Part II Acknowledgement of No Receipt
No Addendum was received in connection with this RFP
Part III
Proposer's Name:
Proposer's Authorized Representative:
Name:
SEAN STENGLE
Title:
Signature: _______________________________
P
a
g
e
1
1
o
f
1
1
31
AGENCY INFORMATION
PAYEE/COMPANY INFORMATION
NAME
SSN NO. OR TAXPAYER ID
NO.
ADDRESS
CONTACT PERSON NAME:
NSN 7540-01274-9925
TELEPHONE NUMBER:
(
)
AGENCY
COPY SF
3881 (Rev
12/90)
Prescribed by
Department
of Treasu
Signature:
31 U S C 3322; 31 CFR 210
Payee/Company Information Section - Payee prints or types the name of the payee/company
and address that will receive ACH vendor/miscellaneous payments, social security or taxpayer
ID number, and contact person name and telephone number of the payee/company. Payee also
verifies depositor account number, account title, and type of account entered by your financial
institution in the Financial Institution Information Section.
2.
Financial Institution Information Section - Financial institution prints or types the name
and address of the payee/company's financial institution who will receive the ACH
payment, ACH coordinator name and telephone number, nine-digit routing transit
number, depositor (payee/company) account title and account number. Also, the box
for type of account is checked, and the signature, title, and telephone number of the
appropriate financial institution official are included.
BURDEN ESTIMATE STATEMENT
The estimated average burden associated with this collection of information is 15 minutes per
respondent or recordkeeper, depending on individual circumstances. Comments concerning
the accuracy of this burden estimate and suggestions for reducing this burden should be
directed to the Financial Management Service, Facilities Management Division, Property and
Supply Branch, Room B-101, 3700 East West Highway, Hyattsville, MD 20782 and the
Office of Management and Budget, Paperwork Reduction Project (1510-0056),
Washington,
DC
20503.
31 U S C 3322; 31 CFR 210
O
M
B
CSO Online
Recipients of these
N
o
.
1
5
1
0
0
0
5
6
E
x
p
i
r
a
t
i
o
n
PAYEE/COMPANY INFORMATION
NAME
SSN NO. OR TAXPAYER ID
NO.
ADDRESS
CONTACT PERSON NAME:
TELEPHONE NUMBER:
(
)
FINANCIAL INSTITUTION INFORMATION
NAME:
ADDRESS:
ACH COORDINATOR NAME:
TELEPHONE NUMBER:
(
)
NINE-DIGIT ROUTING TRANSIT NUMBER:
DEPOSITOR ACCOUNT TITLE:
DEPOSITOR ACCOUNT NUMBER:
SIGNATURE AND TITLE OF AUTHORIZED
OFFICIAL:
LOCKBOX NUMBER:
TELEPHONE NUMBER:
(Could be the same as ACH Coordinator)
(
)
PAYEE/COMPANY COPY
NSN 7540-01274-9925
31 U S C 3322; 31 CFR 210
D
a
t
e
0
1
/
3
1
/
2
0
0
0
O
M
B
Recipients of these
N
o
.
1
5
1
0
0
0
5
6
E
x
p
i
r
a
t
i
o
n
D
a
t
e
0
1
/
3
1
/
2
0
0
0
31 U S C 3322; 31 CFR 210
O
M
B
Recipients of these
N
o
.
1
5
1
0
0
0
5
6
Payee/Company Information Section - Payee prints or types the name of the payee/company
and address that will receive ACH vendor/miscellaneous payments, social security or taxpayer
ID number, and contact person name and telephone number of the payee/company. Payee
also verifies depositor account number, account title, and type of account entered by your
financial institution in the Financial Institution Information Section.
2.
Financial Institution Information Section - Financial institution prints or types the name
and address of the payee/company's financial institution who will receive the ACH
payment, ACH coordinator name and telephone number, nine-digit routing transit
number, depositor (payee/company) account title and account number. Also, the box
for type of account is checked, and the signature, title, and telephone number of the
appropriate financial institution official are included.
BURDEN ESTIMATE STATEMENT
The estimated average burden associated with this collection of information is 15 minutes per
respondent or recordkeeper, depending on individual circumstances. Comments concerning
the accuracy of this burden estimate and suggestions for reducing this burden should be
directed to the Financial Management Service, Facilities Management Division, Property and
Supply Branch, Room B-101, 3700 East West Highway, Hyattsville, MD 20782 and the
Office of Management and Budget, Paperwork Reduction Project (1510-0056),
Washington, DC 20503.
FINANCIAL INSTITUTION
COPY
31 U S C 3322; 31 CFR 210
E
x
p
i
r
a
t
i
o
n
D
a
t
e
0
1
/
3
1
/
2
0
0
0
O
M
B
Recipients of these
N
o
.
1
5
1
0
0
0
5
6
P URPOSE AND COMPLIANCE
Purpose
This travel policy provides guidelines and established procedures for Vendors/consultants
incurring business travel and allowable expenses on the company’s behalf. All Vendors are
required to follow this policy when allowed to bill Great-West for expenses permitted by
contractual terms.
Scope
The Vendor/Consultant Travel Policy applies to all Vendors of Great-West Financial and its
subsidiaries. Any reference to “Vendor” applies to all vendors, consultants and contractors.
Compliance
Vendors are responsible for complying with the Travel policy. Approvers (Great-West Project
Managers and Supervisors) are responsible for authorizing travel and accurately reviewing
expense invoices for compliance. Great-West will reimburse Vendors for all reasonable and
necessary expenses allowed by contract while on authorized company business. Great-West
assumes no obligation to reimburse Vendors for expenses that are not in compliance with the
Vendor Travel Policy. All travel expenditures will be subject to audit.
Vendors who do not comply with this policy may be subject to:
Delay or withholding of reimbursement termination of contracts due to breach
31 U S C 3322; 31 CFR 210
E
x
p
i
r
a
t
i
o
n
D
a
t
e
0
1
/
3
1
/
2
0
0
0