Document:

a107rcfagreement20211026

BEJ=H II-?@-4/033,.52.1 96I:9 -+-, (/) AJM;:G =DA9>C<H EA8 Qc 8_]`Q^i %-& I=: DG><>C6A 7DGGDL:GH Qc TUVY^UT Y^ dXYc 6WbUU]U^d %.& I=: DG><>C6A <J6G6CIDGH Qc TUVY^UT Y^ dXYc 6WbUU]U^d %/& 7CE E6G>76H ADC9DC 7G6C8=' 8>I>76C@' C)6' ADC9DC 7G6C8=' 8AN9:H96A: 76C@ EA8 I*6 NDG@H=>G: 76C@' ;>;I= I=>G9 76C@' C6I>DC6A 6HHD8>6I>DC 6C9 C6I>DC6A L:HIB>CHI:G 76C@ EA8 Qc 6bbQ^WUb %0& I=: DG><>C6A A:C9:GH Qc TUVY^UT Y^ dXYc 6WbUU]U^d ( Q^T ( %1& C6I>DC6A L:HIB>CHI:G 76C@ EA8 Qc 6WU^d BJAI>8JGG:C8N G:KDAK>C< ;68>A>IN 6<G::B:CI JH#,++'+++'+++ L>I= 6 JH#0+'+++'+++ 688DG9>DC 1;5=487:"2:>69;<6"31-"++,/002%#%%**#(%..#+02'#)0+$)(&//%0. 26 October  

 

?KJPAJPO /, @ABEJEPEKJO =J@ EJPANLNAP=PEKJ ,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,, / 0, PDA B=?EHEPU ,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,, 17 1, LQNLKOA,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,, 26 2, ?KJ@EPEKJO KB QPEHEO=PEKJ,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,, 26 3, QPEHEO=PEKJ ,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,, 27 4, KLPEKJ=H ?QNNAJ?EAO,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,, 3/ 5, =J?EHH=NU B=?EHEPEAO ,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,, 3/ 6, NAL=UIAJP,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,, 35 7, LNAL=UIAJP =J@ ?=J?AHH=PEKJ ,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,, 36 /., N=PA OSEP?D,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,, 40 //, EJPANAOP,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,, 43 /0, EJPANAOP LANEK@O,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,, 45 /1, ?D=JCAO PK PDA ?=H?QH=PEKJ KB EJPANAOP ,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,, 45 /2, BAAO ,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,, 5. /3, P=T CNKOO+QL =J@ EJ@AIJEPEAO,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,, 5/ /4, EJ?NA=OA@ ?KOPO,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,, 6/ /5, KPDAN EJ@AIJEPEAO ,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,, 60 /6, IEPEC=PEKJ >U PDA HAJ@ANO ,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,, 61 /7, ?KOPO =J@ ATLAJOAO,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,, 62 0., CQ=N=JPAA =J@ EJ@AIJEPU,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,, 62 0/, NALNAOAJP=PEKJO ,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,, 7. 00, EJBKNI=PEKJ QJ@ANP=GEJCO ,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,, 74 01, BEJ=J?E=H ?KRAJ=JPO,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,, /.. 02, CAJAN=H QJ@ANP=GEJCO,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,, /.1 03, ARAJPO KB @AB=QHP,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,, /.7 04, ?D=JCAO PK PDA HAJ@ANO,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,, //1 05, ?D=JCAO PK PDA K>HECKNO,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,, //6 06, NKHA KB PDA =CAJP =J@ PDA =NN=JCAN ,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,, /0. 07, ?KJ@Q?P KB >QOEJAOO >U PDA BEJ=J?A L=NPEAO ,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,, /07 1., OD=NEJC =IKJC PDA BEJ=J?A L=NPEAO ,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,, /07 1/, L=UIAJP IA?D=JE?O,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,, /1/ 10, OAP+KBB,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,, /12 11, JKPE?AO,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,, /13 12, ?=H?QH=PEKJO =J@ ?ANPEBE?=PAO,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,, /15 1;5=487:"2:>69;<6"31-"++,/002%#%%**#(%..#+02'#)0+$)(&//%0. 

 

13, L=NPE=H EJR=HE@EPU ,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,, /15 14, NAIA@EAO =J@ S=ERANO,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,, /15 15, =IAJ@IAJPO =J@ S=ERANO ,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,, /16 16, ?KJBE@AJPE=H EJBKNI=PEKJ ,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,, /23 17, ?KJBE@AJPE=HEPU KB BQJ@EJC N=PAO,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,, /27 2., ?KJPN=?PQ=H NA?KCJEPEKJ KB >=EH+EJ,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,, /3. 2/, ?KQJPANL=NPO ,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,, /30 20, CKRANJEJC H=S,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,, /30 21, AJBKN?AIAJP,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,, /30 O?DA@QHA /8 PDA KNECEJ=H L=NPEAO ,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,, /34 LYjl /8 P`] Kja_afYd KZda_gjk ,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,, /34 LYjl 08 P`] Kja_afYd H]f\]jk,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,, /35 O?DA@QHA 08 ?KJ@EPEKJO LNA?A@AJP ,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,, /36 LYjl /8 ?gf\alagfk Lj][]\]fl Pg EfalaYd QladakYlagf,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,, /36 LYjl 08 ?gf\alagfk Lj][]\]fl j]imaj]\ lg Z] \]dan]j]\ Zq Yf =\\alagfYd KZda_gj,,,,,,,,,,,,,,,,,, /4. O?DA@QHA 18 QPEHEO=PEKJ NAMQAOP,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,, /40 O?DA@QHA 28 BKNI KB PN=JOBAN ?ANPEBE?=PA ,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,, /41 O?DA@QHA 38 BKNI KB =OOECJIAJP =CNAAIAJP,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,, /44 O?DA@QHA 48 BKNI KB =??AOOEKJ HAPPAN ,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,, /47 O?DA@QHA 58 BKNI KB NAOECJ=PEKJ HAPPAN,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,, /5. O?DA@QHA 68 BKNI KB ?KILHE=J?A ?ANPEBE?=PA,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,, /5/ O?DA@QHA 78 HI= BKNI KB ?KJBE@AJPE=HEPU QJ@ANP=GEJC ,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,, /50 O?DA@QHA /.8 PEIAP=>HAO,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,, /51 O?DA@QHA //8 BKNI KB EJ?NA=OA ?KJBENI=PEKJ ,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,, /52 O?DA@QHA /08 =??KN@EKJ ?ANPEBE?=PA ,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,, /55 LYjl /8 Bgje g^ =[[gj\agf =[[]kkagf ?]jla^a[Yl],,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,, /55 LYjl 08 Bgje g^ =[[gj\agf Ef[j]Yk] ?]jla^a[Yl] ,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,, /6. O?DA@QHA /18 NABANAJ?A N=PA PANIO,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,, /60 LYjl /8 @gddYjk ,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,, /60 LYjl 08 Ol]jdaf_ ,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,, /64 LYjl 18 Amjg +P]je NYl] HgYfk ,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,, /67 O?DA@QHA /28 @=EHU JKJ+?QIQH=PERA ?KILKQJ@A@ NBN N=PA,,,,,,,,,,,,,,,,,,,,,,,,,,,,,, /7/ O?DA@QHA /38 ?QIQH=PERA ?KILKQJ@A@ NBN N=PA ,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,, /71 1;5=487:"2:>69;<6"31-"++,/002%#%%**#(%..#+02'#)0+$)(&//%0. 

 

#/046.26.4n6:=?PERA< + BY[adala]k Y_j]]e]fl + Hmp^]j+ ATA?QPEKJ / I=>H 6<G::B:CI ak eY\] gf 0.0/ 7:IL::C5 %,& AJM;:G =DA9>C<H EA8 (j]_akl]j]\ af Af_dYf\ Yf\ SYd]k oal` fmeZ]j 147.61.) (l`] "8_]`Q^i")9 %-& I=: HJ7H>9>6G>:H g^ l`] ?gehYfq dakl]\ af hYjl / g^ k[`]\md] / (The Original Parties) Yk gja_afYd Zgjjgo]jk (l`] "DbYWY^Q\ 7_bb_gUbc")9 %.& I=: HJ7H>9>6G>:H g^ l`] ?gehYfq dakl]\ af hYjl / g^ k[`]\md] / (The Original Parties) Yk gja_afYd _mYjYflgjk (l`] "DbYWY^Q\ <eQbQ^d_bc")9 %/& 7CE E6G>76H ADC9DC 7G6C8=' 8>I>76C@' C)6' ADC9DC 7G6C8=' 8AN9:H96A: 76C@ EA8 I*6 NDG@H=>G: 76C@' ;>;I= I=>G9 76C@' C6I>DC6A 6HHD8>6I>DC 6C9 C6I>DC6A L:HIB>CHI:G 76C@ EA8 Yk eYf\Yl]\ d]Y\ YjjYf_]jk (o`]l`]j Y[laf_ af\ana\mYddq gj lg_]l`]j* l`] "6bbQ^WUb")9 %0& I=: ;>C6C8>6A >CHI>IJI>DCH dakl]\ af hYjl 0 g^ k[`]\md] / (The Original Parties) Yk d]f\]jk (l`] "DbYWY^Q\ AU^TUbc")9 Yf\ %1& C6I>DC6A L:HIB>CHI:G 76C@ EA8 Yk Y_]fl g^ l`] gl`]j BafYf[] LYjla]k (l`] "6WU^d"), >I >H 6<G::95 H:8I>DC , >CI:GEG:I6I>DC ,) 9:;>C>I>DCH 6C9 >CI:GEG:I6I>DC ,), 9UVY^YdY_^c Ef l`ak =_j]]e]fl8 "6SSU`dQR\U 7Q^[" e]Yfk8 (Y) Y ZYfc gj ^afYf[aYd afklalmlagf o`a[` `Yk Y dgf_ l]je mfk][mj]\ [j]\al jYlaf_ g^ Yl d]Ykl >>> Zq OlYf\Yj\ & Lggj'k NYlaf_ O]jna[]k gj Bal[` NYlaf_k Hl\ gj Yl d]Ykl >YY0 Zq Igg\q'k Efn]klgj O]jna[]k Haeal]\ gj Y [gehYjYZd] jYlaf_ ^jge Yf afl]jfYlagfYddq j][g_fak]\ [j]\al jYlaf_ Y_]f[q9 (Z) Yfq BafYf[] LYjlq gj Yfq =^^adaYl] g^ Y BafYf[] LYjlq9 ([) Yfq gl`]j ZYfc gj ^afYf[aYd afklalmlagf o`a[` gl`]joak] hjgna\]k ZYfcaf_ k]jna[]k lg l`] Cjgmh Yf\ ak fgla^a]\ af ojalaf_ lg l`] =_]fl gf gj Z]^gj] l`] ^ajkl QladakYlagf @Yl]9 Yf\ (\) Yfq gl`]j ZYfc gj ^afYf[aYd afklalmlagf Yhhjgn]\ Zq l`] =_]fl (Y[laf_ j]YkgfYZdq)9 "6SSUccY_^ AUddUb" e]Yfk Y \g[me]fl kmZklYflaYddq af l`] ^gje k]l gml af k[`]\md] 4 (Form  of Accession Letter)9 1;5=487:"2:>69;<6"31-"++,/002%#%%**#(%..#+02'#)0+$)(&//%0. 26 October  

 

#/046.26.4n6:=?PERA< + BY[adala]k Y_j]]e]fl + Hmp^]j+ ATA?QPEKJ 0 "6SS_bTY_^ 6SSUccY_^ 8UbdYVYSQdU" `Yk l`] e]Yfaf_ _an]f lg l`Yl l]je af [dYmk] 0,1 (Accordion - increase in the Facility)9 "6SS_bTY_^ >^SbUQcU 8UbdYVYSQdU" `Yk l`] e]Yfaf_ _an]f lg l`Yl l]je af [dYmk] 0,1 (Accordion - increase in the Facility)9 "6SS_bTY_^ >^SbUQcU 9QdU" `Yk l`] e]Yfaf_ _an]f lg l`Yl l]je af [dYmk] 0,1 (Accordion -  increase in the Facility)9 "6SS_bTY_^ DVVUb EUbY_T" `Yk l`] e]Yfaf_ _an]f lg l`Yl l]je af [dYmk] 0,1 (Accordion -  increase in the Facility)9 "6SS_e^dY^W EbY^SY`\Uc" e]Yfk l`] afl]jfYlagfYd Y[[gmflaf_ klYf\Yj\k oal`af l`] e]Yfaf_ g^ E=O N]_mdYlagf /4.4-0..0 lg l`] ]pl]fl Yhhda[YZd] lg l`] j]d]nYfl ^afYf[aYd klYl]e]flk gj a^ j]imaj]\ Zq l`] Yhhda[YZd] dYo l`] _]f]jYddq Y[[]hlYZd] Y[[gmflaf_ hjaf[ahd]k g^ l`] QO9 "6TTYdY_^Q\ 6SS_bTY_^ AU^TUb" `Yk l`] e]Yfaf_ _an]f lg l`Yl l]je af [dYmk] 0,1 (Accordion - increase in the Facility)9 "6TTYdY_^Q\ ;QSY\Ydi 8_]]Yd]U^d" `Yk l`] e]Yfaf_ _an]f lg l`Yl l]je af [dYmk] 0,1 (Accordion - increase in the Facility)9 "6TTYdY_^Q\ 7_bb_gUb" e]Yfk Y [gehYfq o`a[` Z][ge]k Yf =\\alagfYd >gjjgo]j af Y[[gj\Yf[] oal` [dYmk] 05 (Changes to the Obligors)9 "6TTYdY_^Q\ 7ecY^Ucc 9Qi" e]Yfk Yfq \Yq kh][a^a]\ Yk km[` af l`] Yhhda[YZd] N]^]j]f[] NYl] P]jek9 "6TTYdY_^Q\ <eQbQ^d_b" e]Yfk Y [gehYfq o`a[` Z][ge]k Yf =\\alagfYd CmYjYflgj af Y[[gj\Yf[] oal` [dYmk] 05 (Changes to the Obligors)9 "6TTYdY_^Q\ DR\YW_b" e]Yfk Yf =\\alagfYd >gjjgo]j gj Yf =\\alagfYd CmYjYflgj9 "6VVY\YQdU" e]Yfk* af j]dYlagf lg Yfq h]jkgf* Y OmZka\aYjq g^ l`Yl h]jkgf gj Y Dgd\af_ ?gehYfq g^ l`Yl h]jkgf gj Yfq gl`]j OmZka\aYjq g^ l`Yl Dgd\af_ ?gehYfq, Jgloal`klYf\af_ l`] ^gj]_gaf_* af j]dYlagf lg Yfq e]eZ]j g^ l`] JYlS]kl Cjgmh* l`] l]je "=^^adaYl]" k`Ydd fgl af[dm\] (a) l`] QG _gn]jfe]fl gj Yfq e]eZ]j gj afkljme]flYdalq l`]j]g^* af[dm\af_ D]j IYb]klq'k Pj]Ykmjq Yf\ QG BafYf[aYd Efn]kle]flk Haeal]\ (gj Yfq \aj][lgjk* g^^a[]jk* ]ehdgq]]k gj ]flala]k l`]j]g^) gj (aa) Yfq h]jkgfk gj ]flala]k [gfljgdd]\ Zq gj mf\]j [geegf [gfljgd oal` l`] QG _gn]jfe]fl gj Yfq e]eZ]j gj afkljme]flYdalq l`]j]g^ (af[dm\af_ D]j IYb]klq'k Pj]Ykmjq Yf\ QG BafYf[aYd Efn]kle]flk Haeal]\) Yf\ o`a[` Yj] fgl hYjl g^ JYlS]kl Cjgmh hd[ Yf\ alk kmZka\aYja]k gj kmZka\aYjq mf\]jlYcaf_k, Bgj l`] hmjhgk]k g^ l`ak \]^afalagf* "CQdLUcd <b_e`" e]Yfk JYlS]kl Cjgmh hd[ Yf\ alk kmZka\aYja]k Yf\ kmZka\aYjq mf\]jlYcaf_k9 "6WU^d$c H`_d GQdU _V :hSXQ^WU" e]Yfk8 (Y) l`] =_]fl'k khgl jYl] g^ ]p[`Yf_]9 gj (Z) (a^ l`] =_]fl \g]k fgl `Yn] Yf YnYadYZd] khgl jYl] ^gj ]p[`Yf_]) Yfq gl`]j hmZda[dq YnYadYZd] khgl jYl] g^ ]p[`Yf_] k]d][l]\ Zq l`] =_]fl (Y[laf_ j]YkgfYZdq)* ^gj l`] hmj[`Yk] g^ l`] j]d]nYfl [mjj]f[q oal` l`] >Yk] ?mjj]f[q af l`] Hgf\gf ^gj]a_f ]p[`Yf_] eYjc]l Yl gj YZgml //,..Ye gf Y hYjla[mdYj \Yq9 1;5=487:"2:>69;<6"31-"++,/002%#%%**#(%..#+02'#)0+$)(&//%0. 

 

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#/046.26.4n6:=?PERA< + BY[adala]k Y_j]]e]fl + Hmp^]j+ ATA?QPEKJ 7 "8_]`_e^TUT GUVUbU^SU GQdU" e]Yfk* af j]dYlagf lg Yfq NBN >Yfcaf_ @Yq \mjaf_ l`] Efl]j]kl L]jag\ g^ Y ?gehgmf\]\ NYl] HgYf* l`] h]j[]flY_] jYl] h]j Yffme o`a[` ak l`] Y__j]_Yl] g^8 (Y) l`] @Yadq Jgf+?memdYlan] ?gehgmf\]\ NBN NYl] ^gj l`Yl NBN >Yfcaf_ @Yq9 Yf\ (Z) l`] Yhhda[YZd] >Yk]daf] ?=O* BYddZY[c ?=O gj NYl] Ooal[` ?=O (a^ Yfq)9 "8_]`_e^TY^W BUdX_T_\_Wi He``\U]U^d" e]Yfk* af j]dYlagf lg l`] @Yadq Jgf+?memdYlan] ?gehgmf\]\ NBN NYl] gj l`] ?memdYlan] ?gehgmf\]\ NBN NYl]* Y \g[me]fl o`a[`8 (Y) ak Y_j]]\ af ojalaf_ Zq l`] ?gehYfq* l`] =_]fl (af alk gof [YhY[alq) Yf\ l`] =_]fl (Y[laf_ gf l`] afkljm[lagfk g^ l`] H]f\]jk)9 (Z) kh][a^a]k Y [Yd[mdYlagf e]l`g\gdg_q ^gj l`Yl jYl]9 Yf\ `Yk Z]]f eY\] YnYadYZd] lg l`] ?gehYfq Yf\ ]Y[` BafYf[] LYjlq "8_^VYTU^dYQ\ >^V_b]QdY_^" e]Yfk Ydd af^gjeYlagf j]dYlaf_ lg l`] ?gehYfq* Yfq KZda_gj* l`] Cjgmh* l`] BafYf[] @g[me]flk gj l`] BY[adalq g^ o`a[` Y BafYf[] LYjlq Z][ge]k YoYj] af alk [YhY[alq Yk* gj ^gj l`] hmjhgk] g^ Z][geaf_* Y BafYf[] LYjlq gj o`a[` ak j][]an]\ Zq Y BafYf[] LYjlq af j]dYlagf lg* gj ^gj l`] hmjhgk] g^ Z][geaf_ Y BafYf[] LYjlq mf\]j* l`] BafYf[] @g[me]flk gj l`] BY[adalq ^jge ]al`]j8 (Y) Yfq e]eZ]j g^ l`] Cjgmh gj Yfq g^ alk Y\nak]jk9 gj (Z) Yfgl`]j BafYf[] LYjlq* a^ l`] af^gjeYlagf oYk gZlYaf]\ Zq l`Yl BafYf[] LYjlq \aj][ldq gj af\aj][ldq ^jge Yfq e]eZ]j g^ l`] Cjgmh gj Yfq g^ alk Y\nak]jk* af o`Yl]n]j ^gje* Yf\ af[dm\]k af^gjeYlagf _an]f gjYddq Yf\ Yfq \g[me]fl* ]d][ljgfa[ ^ad] gj Yfq gl`]j oYq g^ j]hj]k]flaf_ gj j][gj\af_ af^gjeYlagf o`a[` [gflYafk gj ak \]jan]\ gj [gha]\ ^jge km[` af^gjeYlagf Zml ]p[dm\]k8 (a) af^gjeYlagf l`Yl8 (=) ak gj Z][ge]k hmZda[ af^gjeYlagf gl`]j l`Yf Yk Y \aj][l gj af\aj][l j]kmdl g^ Yfq Zj]Y[` Zq l`Yl BafYf[] LYjlq g^ [dYmk] 16 (Confidential  Information)9 gj (>) ak a\]fla^a]\ af ojalaf_ Yl l`] lae] g^ \]dan]jq Yk fgf+[gf^a\]flaYd Zq Yfq e]eZ]j g^ l`] Cjgmh gj Yfq g^ alk Y\nak]jk9 gj (?) ak cfgof Zq l`Yl BafYf[] LYjlq Z]^gj] l`] \Yl] l`] af^gjeYlagf ak \ak[dgk]\ lg al af Y[[gj\Yf[] oal` hYjY_jYh`k (Y) gj (Z) gj ak dYo^mddq gZlYaf]\ Zq l`Yl BafYf[] LYjlq Y^l]j l`Yl \Yl]* ^jge Y kgmj[] o`a[` ak* Yk ^Yj Yk l`Yl BafYf[] LYjlq ak YoYj]* mf[gff][l]\ oal` l`] Cjgmh Yf\ o`a[`* af ]al`]j [Yk]* Yk ^Yj Yk l`Yl BafYf[] LYjlq ak YoYj]* `Yk fgl Z]]f gZlYaf]\ af Zj]Y[` g^* Yf\ ak fgl gl`]joak] kmZb][l lg* Yfq gZda_Ylagf g^ [gf^a\]flaYdalq9 Yf\ (aa) Yfq Bmf\af_ NYl]9 1;5=487:"2:>69;<6"31-"++,/002%#%%**#(%..#+02'#)0+$)(&//%0. 

 

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#/046.26.4n6:=?PERA< + BY[adala]k Y_j]]e]fl + Hmp^]j+ ATA?QPEKJ // oal` l`] e]l`g\gdg_q k]l gml af k[`]\md] /3 (Cumulative Compounded RFR Rate) gj af Yfq j]d]nYfl ?gehgmf\af_ I]l`g\gdg_q Omhhd]e]fl9 "9QY\i C_^+8e]e\QdYfU 8_]`_e^TUT G;G GQdU" e]Yfk* af j]dYlagf lg Yfq NBN >Yfcaf_ @Yq \mjaf_ Yf Efl]j]kl L]jag\ ^gj Y ?gehgmf\]\ NYl] HgYf* l`] h]j[]flY_] jYl] h]j Yffme \]l]jeaf]\ Zq l`] =_]fl (gj Zq Yfq gl`]j BafYf[] LYjlq o`a[` Y_j]]k lg \]l]jeaf] l`Yl jYl] af hdY[] g^ l`] =_]fl) af Y[[gj\Yf[] oal` l`] e]l`g\gdg_q k]l gml af k[`]\md] /2 (Daily Non- Cumulative Compounded RFR Rate) gj af Yfq j]d]nYfl ?gehgmf\af_ I]l`g\gdg_q Omhhd]e]fl9 "9QY\i GQdU" e]Yfk l`] jYl] kh][a^a]\ Yk km[` af l`] Yhhda[YZd] N]^]j]f[] NYl] P]jek9 "9UVQe\d" e]Yfk Yf An]fl g^ @]^Ymdl gj Yfq ]n]fl gj [aj[meklYf[] kh][a^a]\ af [dYmk] 03 (Events of Default) o`a[` ogmd\ (oal` l`] ]phajq g^ Y _jY[] h]jag\* l`] _anaf_ g^ fgla[]* l`] eYcaf_ g^ Yfq \]l]jeafYlagf mf\]j l`] BafYf[] @g[me]flk gj Yfq [geZafYlagf g^ Yfq g^ l`] ^gj]_gaf_) Z] Yf An]fl g^ @]^Ymdl9 "9UVQe\dY^W AU^TUb" e]Yfk Yfq H]f\]j8 (Y) o`a[` `Yk ^Yad]\ lg eYc] alk hYjla[ahYlagf af Y HgYf YnYadYZd] gj `Yk fgla^a]\ l`] =_]fl l`Yl al oadd fgl eYc] alk hYjla[ahYlagf af Y HgYf YnYadYZd]* af ]Y[` [Yk]* Zq l`] QladakYlagf @Yl] g^ l`Yl HgYf af Y[[gj\Yf[] oal` [dYmk] 3,2 (Lenders' participation)9 gj (Z) o`a[` `Yk gl`]joak] j]k[af\]\ gj j]hm\aYl]\ Y BafYf[] @g[me]fl gj Yfq l]je g^ Y BafYf[] @g[me]fl9 gj ([) oal` j]kh][l lg o`a[` Yf Efkgdn]f[q An]fl `Yk g[[mjj]\* mfd]kk* af l`] [Yk] g^ hYjY_jYh` (Y)8 (a) alk ^Yadmj] lg hYq ak [Ymk]\ Zq8 (=) Y\eafakljYlan] gj l][`fa[Yd ]jjgj9 gj (>) Y @akjmhlagf An]fl* Yf\ hYqe]fl ak eY\] oal`af ^an] >mkaf]kk @Yqk g^ alk \m] \Yl]9 gj (aa) l`] H]f\]j ak \akhmlaf_ af _gg\ ^Yal` o`]l`]j al ak [gfljY[lmYddq gZda_]\ lg eYc] l`] hYqe]fl af im]klagf9 "9UcYW^QdUT <b_cc 6]_e^d" e]Yfk l`] Yegmfl fgla^a]\ Zq l`] ?gehYfq lg l`] =_]fl mhgf l`] ]klYZdak`e]fl g^ Y Imdla+Y[[gmfl Kn]j\jY^l Yk Z]af_ l`] eYpaeme Yegmfl g^ Cjgkk KmlklYf\af_k l`Yl oadd* Yl Yfq lae]* Z] gmlklYf\af_ mf\]j l`Yl Imdla+Y[[gmfl Kn]j\jY^l9 "9UcYW^QdUT CUd 6]_e^d" e]Yfk l`] Yegmfl fgla^a]\ Zq l`] ?gehYfq lg l`] =_]fl mhgf l`] ]klYZdak`e]fl g^ Y Imdla+Y[[gmfl Kn]j\jY^l Yk Z]af_ l`] eYpaeme Yegmfl g^ J]l KmlklYf\af_k l`Yl oadd* Yl Yfq lae]* Z] gmlklYf\af_ mf\]j l`Yl Imdla+Y[[gmfl Kn]j\jY^l9 "9Ycbe`dY_^ :fU^d" e]Yfk ]al`]j gj Zgl` g^8 (Y) Y eYl]jaYd \akjmhlagf lg l`gk] hYqe]fl gj [geemfa[Ylagfk kqkl]ek gj lg l`gk] ^afYf[aYd eYjc]lk o`a[` Yj]* af ]Y[` [Yk]* j]imaj]\ lg gh]jYl] af gj\]j ^gj hYqe]flk lg 1;5=487:"2:>69;<6"31-"++,/002%#%%**#(%..#+02'#)0+$)(&//%0. 

 

#/046.26.4n6:=?PERA< + BY[adala]k Y_j]]e]fl + Hmp^]j+ ATA?QPEKJ /0 Z] eY\] af [gff][lagf oal` l`] BY[adalq (gj gl`]joak] af gj\]j ^gj l`] ljYfkY[lagfk [gfl]ehdYl]\ Zq l`] BafYf[] @g[me]flk lg Z] [Yjja]\ gml) o`a[` \akjmhlagf ak fgl [Ymk]\ Zq* Yf\ ak Z]qgf\ l`] [gfljgd g^* Yfq g^ l`] LYjla]k9 gj (Z) l`] g[[mjj]f[] g^ Yfq gl`]j ]n]fl o`a[` j]kmdlk af Y \akjmhlagf (g^ Y l][`fa[Yd gj kqkl]ek+j]dYl]\ fYlmj]) lg l`] lj]Ykmjq gj hYqe]flk gh]jYlagfk g^ Y LYjlq hj]n]flaf_ l`Yl* gj Yfq gl`]j LYjlq8 (a) ^jge h]j^gjeaf_ alk hYqe]fl gZda_Ylagfk mf\]j l`] BafYf[] @g[me]flk9 gj (aa) ^jge [geemfa[Ylaf_ oal` gl`]j LYjla]k af Y[[gj\Yf[] oal` l`] l]jek g^ l`] BafYf[] @g[me]flk* Yf\ o`a[` (af ]al`]j km[` [Yk]) ak fgl [Ymk]\ Zq* Yf\ ak Z]qgf\ l`] [gfljgd g^* l`] LYjlq o`gk] gh]jYlagfk Yj] \akjmhl]\9 "9YfYcY_^" e]Yfk af j]^]j]f[] lg Yfq h]jkgf o`a[` ak Yf ]flalq* l`] \anakagf g^ km[` h]jkgf aflg log (0) gj egj] k]hYjYl] h]jkgfk* af[dm\af_* oal`gml daealYlagf* Yk [gfl]ehdYl]\ mf\]j O][lagf /6+0/5 g^ l`] @]dYoYj] Haeal]\ HaYZadalq ?gehYfq =[l ^gj daeal]\ daYZadalq [gehYfa]k ^gje]\ mf\]j @]dYoYj] dYo* gj Yfq YfYdg_gmk Y[lagf lYc]f hmjkmYfl lg Yfq gl`]j Yhhda[YZd] dYo oal` j]kh][l lg Yfq [gjhgjYlagf* daeal]\ daYZadalq [gehYfq* hYjlf]jk`ah gj gl`]j ]flalq9 ":\YWYR\U >^cdYdedY_^" e]Yfk Yfq H]f\]j gj gl`]j ZYfc* ^afYf[aYd afklalmlagf* ljmkl* ^mf\ gj gl`]j ]flalq k]d][l]\ Zq l`] ?gehYfq Yf\ o`a[`* af ]Y[` [Yk]* ak fgl Y e]eZ]j g^ l`] Cjgmh9 ":]`\_iUU E\Q^" Yfq ']ehdgq]] Z]f]^al hdYf'* Yk l`Yl l]je ak \]^af]\ af O][lagf 1(1) g^ ANEO= af j]kh][l g^ o`a[` Yf KZda_gj ak Yf ']ehdgq]j' Yk \]^af]\ af O][lagf 1(3) g^ ANEO=9 ":^fYb_^]U^d" e]Yfk `meYfk* YfaeYdk* hdYflk Yf\ Ydd gl`]j danaf_ gj_Yfakek af[dm\af_ l`] ][gdg_a[Yd kqkl]ek g^ o`a[` l`]q ^gje hYjl Yf\ l`] ^gddgoaf_ e]\aY8 (Y) Yaj (af[dm\af_* oal`gml daealYlagf* Yaj oal`af fYlmjYd gj eYf eY\] kljm[lmj]k* o`]l`]j YZgn] gj Z]dgo _jgmf\)9 (Z) oYl]j (af[dm\af_* oal`gml daealYlagf* l]jjalgjaYd* [gYklYd Yf\ afdYf\ oYl]jk* oYl]j mf\]j gj oal`af dYf\ Yf\ oYl]j af \jYafk Yf\ k]o]jk)9 Yf\ ([) dYf\ (af[dm\af_* oal`gml daealYlagf* dYf\ mf\]j oYl]j)9 ":^fYb_^]U^dQ\ 8\QY]" e]Yfk Yfq [dYae* hjg[]]\af_* ^gjeYd fgla[] gj afn]kla_Ylagf Zq Yfq h]jkgf af j]kh][l g^ Yfq Afnajgfe]flYd HYo9 ":^fYb_^]U^dQ\ AQg" e]Yfk Yfq Yhhda[YZd] dYo gj j]_mdYlagf o`a[` j]dYl]k lg8 (Y) l`] hgddmlagf gj hjgl][lagf g^ l`] Afnajgfe]fl9 (Z) l`] [gf\alagfk g^ l`] ogjchdY[]9 gj ([) l`] _]f]jYlagf* `Yf\daf_* klgjY_]* mk]* j]d]Yk] gj khaddY_] g^ Yfq kmZklYf[] o`a[` Ydgf]* gj af [geZafYlagf oal` Yfq gl`]j* ak [YhYZd] g^ [Ymkaf_ `Yje lg l`] Afnajgfe]fl* af[dm\af_ oal`gml daealYlagf* Yfq oYkl]9 1;5=487:"2:>69;<6"31-"++,/002%#%%**#(%..#+02'#)0+$)(&//%0. 

 

#/046.26.4n6:=?PERA< + BY[adala]k Y_j]]e]fl + Hmp^]j+ ATA?QPEKJ /1 ":^fYb_^]U^dQ\ EUb]Ydc" e]Yfk Yfq h]jeal Yf\ gl`]j =ml`gjakYlagf Yf\ l`] ^adaf_ g^ Yfq fgla^a[Ylagf* j]hgjl gj Ykk]kke]fl j]imaj]\ mf\]j Yfq Afnajgfe]flYd HYo ^gj l`] gh]jYlagf g^ l`] Zmkaf]kk g^ Yfq e]eZ]j g^ l`] Cjgmh [gf\m[l]\ gf gj ^jge Yfq N]Yd Ljgh]jlq gof]\ gj mk]\ Zq Yfq e]eZ]j g^ l`] Cjgmh9 ":G>H6" Yl Yfq \Yl]* l`] QO Aehdgq]] N]laj]e]fl Ef[ge] O][mjalq =[l g^ /752* Yf\ l`] j]_mdYlagfk hjgemd_Yl]\ Yf\ jmdaf_k akkm]\ l`]j]mf\]j* Ydd l`] kYe] eYq Z] af ]^^][l Yl km[` \Yl]9 ":G>H6 6VVY\YQdU" e]Yfk Yfq h]jkgf l`Yl ^gj l`] hmjhgk]k g^ Pald] E Yf\ Pald] ER g^ ANEO= Yf\ O][lagf 2/0 g^ l`] ?g\] ogmd\ Z] \]]e]\ Yl Yfq j]d]nYfl lae] lg Z] Y kaf_d] ]ehdgq]j oal` Yf KZda_gj* hmjkmYfl lg O][lagf 2/2(Z)* ([)* (e) gj (g) g^ l`] ?g\] gj O][lagf 2../ g^ ANEO=9 ":G>H6 :fU^d" e]Yfk8 (Y) Yfq j]hgjlYZd] ]n]fl* Yk \]^af]\ af O][lagf 2.21 g^ ANEO=* oal` j]kh][l lg Yf Aehdgq]] LdYf* Yk lg o`a[` L>C? `Yk fgl Zq j]_mdYlagf oYan]\ l`] j]imaj]e]fl g^ O][lagf 2.21(Y) g^ ANEO= l`Yl al Z] fgla^a]\ g^ km[` ]n]fl9 (Z) l`] ^adaf_ g^ Y fgla[] g^ afl]fl lg l]jeafYl] Yfq Aehdgq]] LdYf* a^ km[` l]jeafYlagf ogmd\ j]imaj] eYl]jaYd Y\\alagfYd [gfljaZmlagfk af gj\]j lg Z] [gfka\]j]\ Y klYf\Yj\ l]jeafYlagf oal`af l`] e]Yfaf_ g^ O][lagf 2.2/(Z) g^ ANEO=* l`] ^adaf_ mf\]j O][lagf 2.2/([) g^ ANEO= g^ Y fgla[] g^ afl]fl lg l]jeafYl] Yfq Aehdgq]] LdYf gj l`] l]jeafYlagf g^ Yfq Aehdgq]] LdYf mf\]j O][lagf 2.2/([) g^ ANEO=9 ([) l`] afklalmlagf g^ hjg[]]\af_k mf\]j O][lagf 2.20 g^ ANEO= Zq l`] L>C? ^gj l`] l]jeafYlagf g^* gj l`] Yhhgafle]fl g^ Y ljmkl]] lg Y\eafakl]j* Yfq Aehdgq]] LdYf9 (\) Yfq ^Yadmj] Zq Yfq Aehdgq]] LdYf lg kYlak^q l`] eafaeme ^mf\af_ j]imaj]e]flk g^ O][lagfk 2/0 Yf\ 21. g^ l`] ?g\] gj O][lagf 1.0 g^ ANEO= Yhhda[YZd] lg km[` Aehdgq]] LdYf* af ]Y[` [Yk] o`]l`]j gj fgl oYan]\9 (]) l`] ^Yadmj] lg eYc] Y j]imaj]\ [gfljaZmlagf lg Yfq Aehdgq]] LdYf l`Yl ogmd\ j]kmdl af l`] aehgkalagf g^ Yf ]f[meZjYf[] mf\]j O][lagf 2/0 gj 21. g^ l`] ?g\]* Y ^adaf_ mf\]j O][lagf 2/0 g^ l`] ?g\] gj O][lagf 1.0 g^ ANEO= g^ Yfq j]im]kl ^gj Y eafaeme ^mf\af_ nYjaYf[] oal` j]kh][l lg Yfq Aehdgq]] LdYf gj Imdla]ehdgq]j LdYf9 (^) Yf ]f_Y_]e]fl af Y fgf+]p]ehl hjg`aZal]\ ljYfkY[lagf oal`af l`] e]Yfaf_ g^ O][lagf 2753 g^ l`] ?g\] gj O][lagf 2.4 g^ ANEO=9 (_) l`] [gehd]l] gj hYjlaYd oal`\jYoYd g^ Yfq KZda_gj gj Yfq ANEO= =^^adaYl] ^jge Y Imdla]ehdgq]j LdYf9 (`) Yf KZda_gj gj Yf ANEO= =^^adaYl] af[mjjaf_ Yfq daYZadalq mf\]j Pald] ER g^ ANEO= oal` j]kh][l lg Yfq Aehdgq]] LdYf (gl`]j l`Yf hj]eamek \m] Yf\ fgl \]dafim]fl mf\]j O][lagf 2..5 g^ ANEO=)9 Yf\ (a) Y \]l]jeafYlagf l`Yl Yfq Aehdgq]] LdYf ak* gj ak ]ph][l]\ lg Z]* af "Yl jakc" klYlmk (Yk \]^af]\ af O][lagf 1.1(a)(2) g^ ANEO= gj O][lagf 21.(a)(2) g^ l`] ?g\])9 1;5=487:"2:>69;<6"31-"++,/002%#%%**#(%..#+02'#)0+$)(&//%0. 

 

#/046.26.4n6:=?PERA< + BY[adala]k Y_j]]e]fl + Hmp^]j+ ATA?QPEKJ /2 ":G>H6 E\Q^" Yfq Aehdgq]] LdYf* L]fkagf LdYf* Imdla]ehdgq]j LdYf gj Imdlahd] Aehdgq]j LdYf l`Yl ak khgfkgj]\ gj eYaflYaf]\ ^gj l`] Z]f]^al g^ QO ]ehdgq]]k g^ Yfq e]eZ]j g^ l`] ?gfljgdd]\ Cjgmh gj lg o`a[` Yfq KZda_gj `Yk daYZadalq ([gflaf_]fl gj gl`]joak])9 ":HDE" e]Yfk l`] Hmp^]j Cjgmh Aehdgq]] O`Yj] Kof]jk`ah LdYf ]klYZdak`]\ Zq Y \]]\ g^ ljmkl \Yl]\ 1 Jgn]eZ]j /7759 ":JG>7DG" e]Yfk* af j]dYlagf lg Yfq HgYf af ]mjg8 (Y) l`] Yhhda[YZd] O[j]]f NYl] Yk g^ l`] Oh][a^a]\ Pae] ^gj ]mjg Yf\ ^gj Y h]jag\ ]imYd af d]f_l` lg l`] Efl]j]kl L]jag\ g^ l`Yl HgYf9 gj (Z) Yk gl`]joak] \]l]jeaf]\ hmjkmYfl lg [dYmk] /1,/ (Unavailability of Primary Term  Rate prior to Rate Switch Date) Yf\ a^* af ]al`]j [Yk]* l`Yl jYl] ak d]kk l`Yf r]jg* AQNE>KN k`Ydd Z] \]]e]\ lg Z] r]jg9 ":fU^d _V 9UVQe\d" e]Yfk Yfq ]n]fl gj [aj[meklYf[] kh][a^a]\ Yk km[` af [dYmk] 03 (Events  of Default)9 ":hSUcc AU^TUb" `Yk l`] e]Yfaf_ _an]f lg l`Yl l]je af [dYmk] 0,1 (Accordion - increase in  the Facility)9 ":hS\eTUT ?ebYcTYSdY_^" e]Yfk (Y) ?`afY (\m] lg d]_Yd hjg`aZalagfk)9 Yf\ (Z) Yfq gl`]j bmjak\a[lagf Y_j]]\ Zq l`] =_]fl (Y[laf_ gf l`] afkljm[lagfk g^ l`] IYbgjalq H]f\]jk) Yf\ l`] ?gehYfq ^jge lae] lg lae]* hjgna\]\ l`Yl l`] Y__j]_Yl] A>EP@= gj Y__j]_Yl] mf[gfkgda\Yl]\ _jgkk Ykk]lk g^ Ydd km[` bmjak\a[lagf(k) j]hj]k]flk fg egj] l`Yf 0.% g^ l`] ?gfkgda\Yl]\ A>EP@= gj ?gfkgda\Yl]\ Cjgkk =kk]lk g^ l`] Cjgmh Yl Yfq lae]9 ":hYcdY^W ;Y^Q^SYQ\ >^TURdUT^Ucc" e]Yfk l`] BafYf[aYd Ef\]Zl]\f]kk \m] mf\]j l`] emdla[mjj]f[q j]ngdnaf_ ^Y[adalq Y_j]]e]fl \Yl]\ /1 IYq 0.// Yf\ eY\] Z]lo]]f* Yegf_kl gl`]jk* l`] ?gehYfq Yf\ l`] NgqYd >Yfc g^ O[gldYf\ hd[* Yk Ye]f\]\* j]klYl]\* kmhhd]e]fl]\ gj fgnYl]\ ^jge lae] lg lae]9 ";QSY\Ydi" e]Yfk l`] j]ngdnaf_ dgYf ^Y[adalq eY\] YnYadYZd] mf\]j l`ak =_j]]e]fl Yk \]k[jaZ]\ af [dYmk] 0 (The Facility)9 ";QSY\Ydi DVVYSU" e]Yfk l`] g^^a[] gj g^^a[]k fgla^a]\ Zq Y H]f\]j lg l`] =_]fl af ojalaf_ gf gj Z]^gj] l`] \Yl] al Z][ge]k Y H]f\]j (gj* ^gddgoaf_ l`Yl \Yl]* Zq fgl d]kk l`Yf ^an] >mkaf]kk @Yqk' ojall]f fgla[]) Yk l`] g^^a[] gj g^^a[]k l`jgm_` o`a[` al oadd h]j^gje alk gZda_Ylagfk mf\]j l`ak =_j]]e]fl9 ";Q\\RQS[ 86H" e]Yfk* af j]dYlagf lg Yfq HgYf af Y P]je NYl] ?mjj]f[q o`a[` Z][ge]k Y "8_]`_e^TUT GQdU A_Q^" ^gj alk l`]f [mjj]fl Efl]j]kl L]jag\ hmjkmYfl lg [dYmk] /1,/ (Unavailability of Primary Term Rate prior to Rate Switch Date)* Yfq jYl] o`a[` ak ]al`]j8 (Y) kh][a^a]\ Yk km[` af l`] Yhhda[YZd] N]^]j]f[] NYl] P]jek9 gj 1;5=487:"2:>69;<6"31-"++,/002%#%%**#(%..#+02'#)0+$)(&//%0. 

 

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#/046.26.4n6:=?PERA< + BY[adala]k Y_j]]e]fl + Hmp^]j+ ATA?QPEKJ 07 (a) l`] O][mjalq gj MmYka+O][mjalq oYk [j]Yl]\ hjagj lg l`] \Yl] gf o`a[` l`] Ykk]l oYk Y[imaj]\ Yf\ oYk fgl [j]Yl]\ af [gfl]ehdYlagf g^ l`] Y[imakalagf g^ l`Yl Ykk]l Zq Y e]eZ]j g^ l`] Cjgmh9 (aa) l`] hjaf[ahYd Yegmfl k][mj]\ `Yk fgl Z]]f af[j]Yk]\ af [gfl]ehdYlagf g^ gj kaf[] l`] Y[imakalagf g^ l`Yl Ykk]l Zq Y e]eZ]j g^ l`] Cjgmh9 Yf\ (aaa) oal`af 7. \Yqk g^ l`] \Yl] g^ Y[imakalagf g^ km[` Ykk]l* l`] O][mjalq gj MmYka+O][mjalq ak j]egn]\ gj \ak[`Yj_]\ af ^mdd gj hYjl lg l`] ]pl]fl j]imaj]\ lg ]fkmj] l`Yl km[` O][mjalq gj MmYka O][mjalq ak L]jeall]\ BafYf[aYd Ef\]Zl]\f]kk Yf\ L]jeall]\ O][mjalq (gl`]j l`Yf af j]kh][l g^ l`ak hYjY_jYh` _)9 gj (`) Yfq O][mjalq gj MmYka+O][mjalq gn]j gj Y^^][laf_ Yfq Ykk]l g^ Yfq [gehYfq o`a[` Z][ge]k Y e]eZ]j g^ l`] Cjgmh Y^l]j l`] \Yl] g^ l`ak =_j]]e]fl* o`]j] l`] O][mjalq gj MmYka+O][mjalq ak [j]Yl]\ hjagj lg l`] \Yl] gf o`a[` l`Yl [gehYfq Z][ge]k Y e]eZ]j g^ l`] Cjgmh a^8 (a) l`] O][mjalq gj MmYka+O][mjalq oYk [j]Yl]\ hjagj lg l`] \Yl] gf o`a[` l`Yl [gehYfq Z][ge]k Y e]eZ]j g^ l`] Cjgmh Yf\ oYk fgl [j]Yl]\ af [gfl]ehdYlagf g^ l`] Y[imakalagf g^ l`Yl [gehYfq9 (aa) l`] hjaf[ahYd Yegmfl k][mj]\ `Yk fgl af[j]Yk]\ af [gfl]ehdYlagf g^ gj kaf[] l`] Y[imakalagf g^ l`Yl [gehYfq9 Yf\ (aaa) oal`af 7. \Yqk g^ l`Yl [gehYfq Z][geaf_ Y e]eZ]j g^ l`] Cjgmh* l`] O][mjalq gj MmYka+O][mjalq ak j]egn]\ gj \ak[`Yj_]\ af ^mdd gj hYjl lg l`] ]pl]fl j]imaj]\ lg ]fkmj] l`Yl km[` O][mjalq gj MmYka O][mjalq ak L]jeall]\ BafYf[aYd Ef\]Zl]\f]kk Yf\ L]jeall]\ O][mjalq (gl`]j l`Yf af j]kh][l g^ l`ak hYjY_jYh` `)9 (a) j]fl \]hgkal \]]\k gj ]imanYd]fl k][mjalq lg dYf\dgj\k ^gj d]Yk] gZda_Ylagfk af l`] gj\afYjq [gmjk] g^ Zmkaf]kk9 (b) Yfq O][mjalq o`a[` j]hdY[]k gj j]f]ok Yfq O][mjalq j]^]jj]\ lg af l`] ^gj]_gaf_ hYjY_jYh`k kg dgf_ Yk (a) l`] Yegmfl k][mj]\ ak fgl af[j]Yk]\ (gl`]j l`Yf af Y[[gj\Yf[] oal` l`] =_j]]e]fl) Yf\ (aa) l`] j]hdY[]e]fl k][mjalq ak daeal]\ lg Ydd gj hYjl g^ l`] Ykk]lk o`a[` o]j] kmZb][l lg l`] gja_afYd k][mjalq9 (c) Yfq O][mjalq gj MmYka O][mjalq Yjakaf_ af [gff][lagf oal` l`] ?`afY H]f\af_ =jjYf_]e]fl9 Yf\ (d) Yfq O][mjalq gj MmYka O][mjalq (fgl ^Yddaf_ oal`af hYjY_jYh`k (Y) lg (c)) k][mjaf_ af\]Zl]\f]kk l`] Yegmfl g^ o`a[` \g]k fgl ]p[]]\* af Y__j]_Yl]* $5*3..*... (gj alk ]imanYd]fl) Yl Yfq lae]9 "EUb]YddUT IbQ^cQSdY_^" e]Yfk8 (Y) Yfq \akhgkYd j]imaj]\* BafYf[aYd Ef\]Zl]\f]kk af[mjj]\* _mYjYfl]]* af\]efalq gj O][mjalq gj MmYka+O][mjalq _an]f* gj gl`]j ljYfkY[lagf Yjakaf_* mf\]j l`] BafYf[] @g[me]flk9 1;5=487:"2:>69;<6"31-"++,/002%#%%**#(%..#+02'#)0+$)(&//%0. 

 

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#/046.26.4n6:=?PERA< + BY[adala]k Y_j]]e]fl + Hmp^]j+ ATA?QPEKJ 1/ "GUVUbU^SU GQdU He``\U]U^d" e]Yfk* af j]dYlagf lg Yfq [mjj]f[q* Y \g[me]fl o`a[`8 (Y) ak Y_j]]\ af ojalaf_ Zq l`] ?gehYfq Yf\ l`] =_]fl (Y[laf_ gf l`] afkljm[lagfk g^ l`] H]f\]jk)9 (Z) kh][a^a]k ^gj l`Yl [mjj]f[q l`] j]d]nYfl l]jek o`a[` Yj] ]phj]kk]\ af l`ak =_j]]e]fl lg Z] \]l]jeaf]\ Zq j]^]j]f[] lg N]^]j]f[] NYl] P]jek9 ([) kh][a^a]k o`]l`]j l`Yl [mjj]f[q ak Y ?gehgmf\]\ NYl] ?mjj]f[q gj Y P]je NYl] ?mjj]f[q9 Yf\ (\) `Yk Z]]f eY\] YnYadYZd] lg l`] ?gehYfq Yf\ ]Y[` BafYf[] LYjlq9 "GUVUbU^SU GQdU IUb]c" e]Yfk* af j]dYlagf lg8 (Y) Y [mjj]f[q9 (Z) Y HgYf gj Yf QfhYa\ Ome af l`Yl [mjj]f[q9 ([) Yf Efl]j]kl L]jag\ ^gj l`Yl HgYf gj QfhYa\ Ome (gj gl`]j h]jag\ ^gj l`] Y[[jmYd g^ [geeakkagf gj ^]]k af Y [mjj]f[q)9 gj (\) Yfq l]je g^ l`ak =_j]]e]fl j]dYlaf_ lg l`] \]l]jeafYlagf g^ Y jYl] g^ afl]j]kl af j]dYlagf lg km[` Y HgYf gj QfhYa\ Ome* l`] l]jek k]l gml ^gj l`Yl [mjj]f[q* Yf\ (o`]j] km[` l]jek Yj] k]l gml ^gj \a^^]j]fl [Yl]_gja]k g^ HgYf* QfhYa\ Ome gj Y[[jmYd g^ [geeakkagf gj ^]]k af l`Yl [mjj]f[q) ^gj l`] [Yl]_gjq g^ l`Yl HgYf* QfhYa\ Ome gj Y[[jmYd* af O[`]\md] /1 (Reference Rate Terms)) gj af Yfq N]^]j]f[] NYl] Omhhd]e]fl9 "GU\QdUT ;e^T" af j]dYlagf lg Y ^mf\ (l`] "VYbcd Ve^T")* e]Yfk Y ^mf\ o`a[` ak eYfY_]\ gj Y\nak]\ Zq l`] kYe] afn]kle]fl eYfY_]j gj afn]kle]fl Y\nak]j Yk l`] ^ajkl ^mf\ gj* a^ al ak eYfY_]\ Zq Y \a^^]j]fl afn]kle]fl eYfY_]j gj afn]kle]fl Y\nak]j* Y ^mf\ o`gk] afn]kle]fl eYfY_]j gj afn]kle]fl Y\nak]j ak Yf =^^adaYl] g^ l`] afn]kle]fl eYfY_]j gj afn]kle]fl Y\nak]j g^ l`] ^ajkl ^mf\9 "GU\UfQ^d BQb[Ud" e]Yfk l`] eYjc]l kh][a^a]\ Yk km[` af l`] Yhhda[YZd] N]^]j]f[] NYl] P]jek9 "GU`UQdY^W GU`bUcU^dQdY_^c" e]Yfk ]Y[` g^ l`] j]hj]k]flYlagfk k]l gml af [dYmk]k 0/,/ (Status) lg 0/,4 (Governing law and enforcement) (af[dmkan])* [dYmk] 0/,/. (No default)* hYjY_jYh` (\) g^ [dYmk] 0/,/0 (Financial statements) Yf\ [dYmk] 0/,00 (Anti-Corruption Laws  and Sanctions)9 "GU`_bdY^W 9Qi" e]Yfk l`] \Yq (a^ Yfq) kh][a^a]\ Yk km[` af l`] Yhhda[YZd] N]^]j]f[] NYl] P]jek9 "GU`_bdY^W IY]U" e]Yfk l`] j]d]nYfl lae] (a^ Yfq) kh][a^a]\ Yk km[` af l`] Yhhda[YZd] N]^]j]f[] NYl] P]jek9 "GU`bUcU^dQdYfU" e]Yfk Yfq \]d]_Yl]* Y_]fl* eYfY_]j* Y\eafakljYlgj* fgeaf]]* Yllgjf]q* ljmkl]] gj [mklg\aYf9 1;5=487:"2:>69;<6"31-"++,/002%#%%**#(%..#+02'#)0+$)(&//%0. 

 

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#/046.26.4n6:=?PERA< + BY[adala]k Y_j]]e]fl + Hmp^]j+ ATA?QPEKJ 14 (aa) "QccUdc" af[dm\]k hj]k]fl Yf\ ^mlmj] hjgh]jla]k* j]n]fm]k Yf\ ja_`lk g^ ]n]jq \]k[jahlagf9 (aaa) Y H]f\]j'k "S_cd _V Ve^Tc" af j]dYlagf lg alk hYjla[ahYlagf af Y HgYf ak Y j]^]j]f[] lg l`] Yn]jY_] [gkl (\]l]jeaf]\ ]al`]j gf Yf Y[lmYd gj Y fglagfYd ZYkak) o`a[` l`Yl H]f\]j ogmd\ af[mj a^ al o]j] lg ^mf\* ^jge o`Yl]n]j kgmj[](k) al eYq j]YkgfYZdq k]d][l* Yf Yegmfl ]imYd lg l`] Yegmfl g^ l`Yl hYjla[ahYlagf af l`Yl HgYf ^gj Y h]jag\ ]imYd af d]f_l` lg l`] Efl]j]kl L]jag\ g^ l`Yl HgYf9 (an) Y ";Y^Q^SU 9_Se]U^d" gj Yfq gl`]j Y_j]]e]fl gj afkljme]fl ak Y j]^]j]f[] lg l`Yl BafYf[] @g[me]fl gj gl`]j Y_j]]e]fl gj afkljme]fl Yk Ye]f\]\* fgnYl]\* kmhhd]e]fl]\* ]pl]f\]\ gj j]klYl]\9 (n) Y "Wb_e` _V AU^TUbc" af[dm\]k Ydd l`] H]f\]jk9 (na) _mYjYfl]] e]Yfk (gl`]j l`Yf af [dYmk] 0. (Guarantee and indemnity)) Yfq _mYjYfl]]* d]ll]j g^ [j]\al* Zgf\* af\]efalq gj kaeadYj YkkmjYf[] Y_Yafkl dgkk* gj Yfq gZda_Ylagf* \aj][l gj af\aj][l* Y[lmYd gj [gflaf_]fl* lg hmj[`Yk] gj Ykkme] Yfq af\]Zl]\f]kk g^ Yfq h]jkgf gj lg eYc] Yf afn]kle]fl af gj dgYf lg Yfq h]jkgf gj lg hmj[`Yk] Ykk]lk g^ Yfq h]jkgf o`]j]* af ]Y[` [Yk]* km[` gZda_Ylagf ak Ykkme]\ af gj\]j lg eYaflYaf gj Ykkakl l`] YZadalq g^ km[` h]jkgf lg e]]l alk af\]Zl]\f]kk9 (naa) "Y^TURdUT^Ucc" af[dm\]k Yfq gZda_Ylagf (o`]l`]j af[mjj]\ Yk hjaf[ahYd gj Yk kmj]lq) ^gj l`] hYqe]fl gj j]hYqe]fl g^ egf]q* o`]l`]j hj]k]fl gj ^mlmj]* Y[lmYd gj [gflaf_]fl9 (naaa) Y "`Ubc_^" af[dm\]k Yfq af\ana\mYd* ^aje* [gehYfq* [gjhgjYlagf* _gn]jfe]fl* klYl] gj Y_]f[q g^ Y klYl] gj Yfq Ykkg[aYlagf* ljmkl* bgafl n]flmj]* [gfkgjlame* hYjlf]jk`ah gj gl`]j ]flalq (o`]l`]j gj fgl `Ynaf_ k]hYjYl] d]_Yd h]jkgfYdalq)9 (ap) Y "bUWe\QdY_^" af[dm\]k Yfq j]_mdYlagf* jmd]* g^^a[aYd \aj][lan]* j]im]kl gj _ma\]daf] (o`]l`]j gj fgl `Ynaf_ l`] ^gj[] g^ dYo) g^ Yfq _gn]jfe]flYd* afl]j_gn]jfe]flYd gj kmhjYfYlagfYd Zg\q* Y_]f[q* \]hYjle]fl gj g^ Yfq j]_mdYlgjq* k]d^+j]_mdYlgjq gj gl`]j Yml`gjalq gj gj_YfakYlagf9 (p) Y hjgnakagf g^ dYo ak Y j]^]j]f[] lg l`Yl hjgnakagf Yk Ye]f\]\ gj j]+]fY[l]\ ^jge lae] lg lae]9 Yf\ (pa) Y lae] g^ \Yq ak Y j]^]j]f[] lg Hgf\gf lae], (Z) P`] \]l]jeafYlagf g^ l`] ]pl]fl lg o`a[` Y jYl] ak "V_b Q `UbY_T UaeQ\ Y^ \U^WdX" lg Yf Efl]j]kl L]jag\ k`Ydd \akj]_Yj\ Yfq af[gfkakl]f[q Yjakaf_ ^jge l`] dYkl \Yq g^ l`Yl Efl]j]kl L]jag\ Z]af_ \]l]jeaf]\ hmjkmYfl lg l`] l]jek g^ l`ak =_j]]e]fl, ([) O][lagf* [dYmk] Yf\ k[`]\md] `]Y\af_k Yj] ^gj ]Yk] g^ j]^]j]f[] gfdq, (\) Qfd]kk Y [gfljYjq af\a[Ylagf Yhh]Yjk* Y l]je mk]\ af Yfq gl`]j BafYf[] @g[me]fl gj af Yfq fgla[] _an]f mf\]j gj af [gff][lagf oal` Yfq BafYf[] @g[me]fl `Yk l`] kYe] e]Yfaf_ af l`Yl BafYf[] @g[me]fl gj fgla[] Yk af l`ak =_j]]e]fl, (]) =fq ogj\ aehgjlaf_ l`] kaf_mdYj k`Ydd af[dm\] l`] hdmjYd Yf\ na[] n]jkY, 1;5=487:"2:>69;<6"31-"++,/002%#%%**#(%..#+02'#)0+$)(&//%0. 

 

#/046.26.4n6:=?PERA< + BY[adala]k Y_j]]e]fl + Hmp^]j+ ATA?QPEKJ 15 (^) = >gjjgo]j hjgna\af_ [Yk` [gn]j ^gj Yf =f[addYjq BY[adalq e]Yfk Y >gjjgo]j hYqaf_ Yf Yegmfl af l`] [mjj]f[q g^ l`] =f[addYjq BY[adalq aflg Yf afl]j]kl+Z]Yjaf_ Y[[gmfl af l`] fYe] g^ km[` >gjjgo]j Yf\ l`] ^gddgoaf_ [gf\alagfk Z]af_ e]l8 (a) l`] Y[[gmfl ak oal` l`] =f[addYjq H]f\]j9 Yf\ (aa) mflad fg Yegmfl ak gj eYq Z] gmlklYf\af_ mf\]j Yf =f[addYjq BY[adalq* oal`\jYoYdk ^jge l`] Y[[gmfl eYq gfdq Z] eY\] lg hYq Y BafYf[] LYjlq Yegmflk \m] Yf\ hYqYZd] lg al mf\]j l`ak =_j]]e]fl af j]kh][l g^ l`] =f[addYjq BY[adalq, (_) = >gjjgo]j "bU`QiY^W" gj "`bU`QiY^W" l`] =f[addYjq KmlklYf\af_k e]Yfk8 (a) l`Yl >gjjgo]j hjgna\af_ [Yk` [gn]j ^gj l`] =f[addYjq KmlklYf\af_k9 (aa) l`] eYpaeme Yegmfl hYqYZd] mf\]j l`] =f[addYjq BY[adalq Z]af_ j]\m[]\ gj [Yf[]dd]\ af Y[[gj\Yf[] oal` alk l]jek9 gj (aaa) l`] =f[addYjq H]f\]j Z]af_ kYlak^a]\ l`Yl al `Yk fg ^mjl`]j daYZadalq mf\]j l`] =f[addYjq BY[adalq* Yf\ l`] Yegmfl Zq o`a[` l`] =f[addYjq KmlklYf\af_k Yj]* j]hYa\ gj hj]hYa\ mf\]j [dYmk]k /,0(_)(a) Yf\ /,0(_)(aa) ak l`] Yegmfl g^ l`] j]d]nYfl [Yk` [gn]j gj j]\m[lagf, (`) =f Yegmfl Zgjjgo]\ af[dm\]k Yfq Yegmfl mladak]\ mf\]j Yf =f[addYjq BY[adalq, (a) = @]^Ymdl (gl`]j l`Yf Yf An]fl g^ @]^Ymdl) ak "S_^dY^eY^W" a^ al `Yk fgl Z]]f j]e]\a]\ gj oYan]\ Yf\ Yf An]fl g^ @]^Ymdl ak "S_^dY^eY^W" a^ al `Yk fgl Z]]f j]e]\a]\ gj oYan]\, (b) = j]^]j]f[] af l`ak =_j]]e]fl lg Y hY_] gj k[j]]f g^ Yf af^gjeYlagf k]jna[] \akhdYqaf_ Y jYl] k`Ydd af[dm\]8 (a) Yfq j]hdY[]e]fl hY_] g^ l`Yl af^gjeYlagf k]jna[] o`a[` \akhdYqk l`Yl jYl]9 Yf\ (aa) l`] YhhjghjaYl] hY_] g^ km[` gl`]j af^gjeYlagf k]jna[] o`a[` \akhdYqk l`Yl jYl] ^jge lae] lg lae] af hdY[] g^ l`Yl af^gjeYlagf k]jna[]* Yf\* a^ km[` hY_] gj k]jna[] []Yk]k lg Z] YnYadYZd]* k`Ydd af[dm\] Yfq gl`]j hY_] gj k]jna[] \akhdYqaf_ l`Yl jYl] kh][a^a]\ Zq l`] =_]fl Y^l]j [gfkmdlYlagf oal` l`] ?gehYfq, (c) = j]^]j]f[] af l`ak =_j]]e]fl lg Y ?]fljYd >Yfc NYl] k`Ydd af[dm\] Yfq km[[]kkgj jYl] lg* gj j]hdY[]e]fl jYl] ^gj* l`Yl jYl], (d) =fq N]^]j]f[] NYl] Omhhd]e]fl j]dYlaf_ lg Y [mjj]f[q gn]jja\]k Yfql`af_ j]dYlaf_ lg l`Yl [mjj]f[q af8 (a) k[`]\md] /1 (Reference Rate Terms)9 gj (aa) Yfq ]Yjda]j N]^]j]f[] NYl] Omhhd]e]fl, 1;5=487:"2:>69;<6"31-"++,/002%#%%**#(%..#+02'#)0+$)(&//%0. 

 

#/046.26.4n6:=?PERA< + BY[adala]k Y_j]]e]fl + Hmp^]j+ ATA?QPEKJ 16 (e) = ?gehgmf\af_ I]l`g\gdg_q Omhhd]e]fl j]dYlaf_ lg l`] @Yadq Jgf+?memdYlan] ?gehgmf\]\ NBN NYl] gj l`] ?memdYlan] ?gehgmf\]\ NBN NYl] gn]jja\]k Yfql`af_ j]dYlaf_ lg l`Yl jYl] af8 (a) k[`]\md] /2 (Daily Non-Cumulative Compounded RFR Rate) gj k[`]\md] /3 (Cumulative Compounded RFR Rate)* Yk l`] [Yk] eYq Z]9 gj (aa) Yfq ]Yjda]j ?gehgmf\af_ I]l`g\gdg_q Omhhd]e]fl, ,). 8ebbU^Si ci]R_\c Q^T TUVY^YdY_^c "#"* "JH9" Yf\ "T_\\Qbc" \]fgl] l`] dYo^md [mjj]f[q g^ l`] Qfal]\ OlYl]k g^ =e]ja[Y* "j"* "<7E" Yf\ "cdUb\Y^W" \]fgl] l`] dYo^md [mjj]f[q g^ l`] Qfal]\ Gaf_\ge* "l"* ":JG" Yf\ "Ueb_" \]fgl] l`] kaf_d] [mjj]f[q g^ l`] LYjla[ahYlaf_ I]eZ]j OlYl]k, ,)/ IXYbT `Qbdi bYWXdc Qfd]kk ]phj]kkdq hjgna\]\ lg l`] [gfljYjq af l`ak =_j]]e]fl* Y h]jkgf o`g ak fgl Y LYjlq `Yk fg ja_`l mf\]j l`] ?gfljY[lk (Na_`lk g^ P`aj\ LYjla]k) =[l /777 lg ]f^gj[] gj lg ]fbgq l`] Z]f]^al g^ Yfq l]je g^ l`ak =_j]]e]fl, ,)0 EUbc_^Q\ AYQRY\Ydi S`]j] Yfq fYlmjYd h]jkgf _an]k Y []jla^a[Yl] gj gl`]j \g[me]fl gj gl`]joak] _an]k Y j]hj]k]flYlagf gj klYl]e]fl gf Z]`Yd^ g^ Yfq g^ l`] hYjla]k lg l`] BafYf[] @g[me]flk hmjkmYfl lg Yfq hjgnakagf l`]j]g^ Yf\ km[` []jla^a[Yl] gj gl`]j \g[me]fl* j]hj]k]flYlagf gj klYl]e]fl hjgn]k lg Z] af[gjj][l* l`] af\ana\mYd k`Ydd af[mj fg h]jkgfYd daYZadalq af [gfk]im]f[] g^ km[` []jla^a[Yl]* gl`]j \g[me]fl* j]hj]k]flYlagf gj klYl]e]fl Z]af_ af[gjj][l kYn] o`]j] km[` af\ana\mYd Y[l]\ ^jYm\md]fldq af _anaf_ km[` []jla^a[Yl]* gl`]j \g[me]fl* j]hj]k]flYlagf gj klYl]e]fl (af o`a[` [Yk] Yfq daYZadalq g^ km[` af\ana\mYd k`Ydd Z] \]l]jeaf]\ af Y[[gj\Yf[] oal` Yhhda[YZd] dYo) Yf\ ]Y[` km[` af\ana\mYd eYq j]dq gf l`ak ?dYmk] /,3 kmZb][l lg ?dYmk] /,2 (Third party rights) Yf\ l`] hjgnakagfk g^ l`] P`aj\ LYjla]k =[l, ,)1 :hSXQ^WU bQdU V\eSdeQdY_^c (Y) S`]f Yhhdqaf_ Yfq egf]lYjq daealk* l`j]k`gd\k Yf\ gl`]j ]p[]hlagfk lg l`] j]hj]k]flYlagfk Yf\ oYjjYfla]k* mf\]jlYcaf_k Yf\ An]flk g^ @]^Ymdlk mf\]j l`] BafYf[] @g[me]flk* l`] ]imanYd]fl lg Yf Yegmfl af l`] >Yk] ?mjj]f[q k`Ydd Z] [Yd[mdYl]\ Yl l`] jYl] ^gj l`] [gfn]jkagf g^ l`] >Yk] ?mjj]f[q aflg l`] j]d]nYfl [mjj]f[q g^ l`] fgf+>Yk] ?mjj]f[q egf]lYjq daeal* l`j]k`gd\ Yf\ gl`]j ]p[]hlagf o`a[` l`] ?gehYfq (Y[laf_ j]YkgfYZdq Yf\ af _gg\ ^Yal`) `Yk mk]\ Yf\ `Yk fgla^a]\ lg l`] =_]fl gj Yl l`] ghlagf g^ l`] ?gehYfq Yl l`] =_]fl'k Ohgl NYl] g^ Ap[`Yf_]* af ]Y[` [Yk]* Yk Yl l`] \Yl] g^ l`] Cjgmh af[mjjaf_ gj eYcaf_ l`] j]d]nYfl \akhgkYd* Y[imakalagf* afn]kle]fl* d]Yk]* dgYf* \]Zl gj _mYjYfl]] gj lYcaf_ Yfq gl`]j j]d]nYfl Y[lagf, (Z) Jg @]^Ymdl* An]fl g^ @]^Ymdl gj Zj]Y[` g^ Yfq j]hj]k]flYlagf Yf\ oYjjYflq gj mf\]jlYcaf_ mf\]j l`ak =_j]]e]fl gj l`] gl`]j BafYf[] @g[me]flk k`Ydd Yjak] e]j]dq Yk Y j]kmdl g^ Y kmZk]im]fl [`Yf_] af l`] >Yk] ?mjj]f[q ]imanYd]fl gj Yfq gl`]j [mjj]f[q kh][a^a]\ ^gj Yfq ZYkc]l \m] lg ^dm[lmYlagfk af ]p[`Yf_] jYl]k, 1;5=487:"2:>69;<6"31-"++,/002%#%%**#(%..#+02'#)0+$)(&//%0. 

 

#/046.26.4n6:=?PERA< + BY[adala]k Y_j]]e]fl + Hmp^]j+ ATA?QPEKJ 17 ,)2 HecdQY^QRY\Ydi EUbV_b]Q^SU IQbWUdc (Y) P`] ?gehYfq Yf\ Ydd g^ l`] H]f\]jk k`Ydd [gfkmdl af _gg\ ^Yal` \mjaf_ l`] h]jag\ ^jge l`] \Yl] g^ l`ak =_j]]e]fl lg l`] ^ajkl Yffan]jkYjq g^ l`] \Yl] g^ l`ak =_j]]e]fl lg \]l]jeaf] Y k]l g^ YffmYd OmklYafYZadalq L]j^gjeYf[] PYj_]lk ("HEI")* o`a[`* a^ Y[`a]n]\* k`Ydd `Yn] l`] ]^^][l g^ \][j]Ykaf_ l`] Yhhda[YZd] IYj_af* af Yegmflk lg Z] Y_j]]\* lg j]oYj\ l`] ?gehYfq ^gj ]Y[` OLP Y[`a]n]\, (Z) =fq OLP* Yf\ Yfq [gjj]khgf\af_ j]\m[lagf af l`] IYj_af* k`Ydd gfdq Z] aehd]e]fl]\ ^gddgoaf_ l`] Y_j]]e]fl g^ Ydd g^ l`] H]f\]jk Yf\ l`] ?gehYfq, ([) O`gmd\ l`] ?gehYfq ^Yad lg e]]l Yfq g^ l`] OLPk (gf[] k]l)* fg An]fl g^ @]^Ymdl k`Ydd g[[mj Zml l`] IYj_af k`Ydd Z] af[j]Yk]\ Zq Y []jlYaf fmeZ]j g^ ZYkak hgaflk af j]kh][l g^ ]Y[` OLP fgl Y[`a]n]\, P`ak =_j]]e]fl Yf\ l`] [Yd[mdYlagf g^ Ydd Yegmflk hYqYZd] l`]j]mf\]j k`Ydd gl`]joak] [gflafm] mf[`Yf_]\, (\) =f OLP []jla^a[Yl] (af Y ^gje lg Z] Y_j]]\) k`Ydd Z] kmZeall]\ oal` ]Y[` k]l g^ =ffmYd BafYf[aYd OlYl]e]flk, (]) P`] OLP [jal]jaY* lYj_]lk* IYj_af j]\m[lagfk Yf\ j]hgjlaf_ j]imaj]e]flk k`Ydd Z] \g[me]fl]\ af Y kmhhd]e]flYd Ye]f\e]fl Y_j]]e]fl lg Z] ]fl]j]\ aflg Zq l`] ?gehYfq (Yk KZda_gjk' =_]fl) Yf\ l`] =_]fl (gf Z]`Yd^ g^ Ydd g^ l`] H]f\]jk), H:8I>DC - I=: ;68>A>IN -) I=: ;68>A>IN -), IXU ;QSY\Ydi (Y) OmZb][l lg l`] l]jek g^ l`ak =_j]]e]fl* l`] H]f\]jk eYc] YnYadYZd] lg l`] >gjjgo]jk Y emdla[mjj]f[q j]ngdnaf_ dgYf ^Y[adalq af Yf Y__j]_Yl] Yegmfl ]imYd lg l`] PglYd ?geeale]flk, (Z) P`] BY[adalq oadd Z] YnYadYZd] lg Ydd l`] >gjjgo]jk, ([) OmZb][l lg l`] l]jek g^ l`ak =_j]]e]fl Yf\ l`] =f[addYjq @g[me]flk* Yf =f[addYjq H]f\]j eYq eYc] YnYadYZd] Yf =f[addYjq BY[adalq lg Yfq g^ l`] >gjjgo]jk mf\]j l`] BY[adalq af hdY[] g^ Ydd gj hYjl g^ alk ?geeale]fl, (\) OmZb][l lg l`] l]jek g^ l`ak =_j]]e]fl Yf\ l`] =f[addYjq @g[me]flk* Yf =f[addYjq H]f\]j eYq eYc] YnYadYZd] Yf =f[addYjq BY[adalq lg Yfq g^ l`] >gjjgo]jk ^jge alk =\\alagfYd BY[adalq ?geeale]fl, -)- >^SbUQcU (Y) P`] ?gehYfq eYq Zq _anaf_ hjagj fgla[] lg l`] =_]fl Zq fg dYl]j l`Yf l`] \Yl] ^Yddaf_ /. >mkaf]kk @Yqk Y^l]j l`] ]^^][lan] \Yl] g^ Y [Yf[]ddYlagf g^ l`] ?geeale]fl g^ Y H]f\]j af Y[[gj\Yf[] oal`8 (a) [dYmk] 7,/ (Illegality)9 1;5=487:"2:>69;<6"31-"++,/002%#%%**#(%..#+02'#)0+$)(&//%0. 

 

#/046.26.4n6:=?PERA< + BY[adala]k Y_j]]e]fl + Hmp^]j+ ATA?QPEKJ 2. (aa) [dYmk] 7,3(Y) (Right of replacement or repayment and cancellation in relation  to a single Lender)9 gj (aaa) [dYmk] 7,4 (Right of cancellation in relation to a Defaulting Lender)* j]im]kl l`Yl l`] ?geeale]flk Z] af[j]Yk]\ (Yf\ l`] ?geeale]flk k`Ydd Z] kg af[j]Yk]\) af Yf Y__j]_Yl] Yegmfl af l`] >Yk] ?mjj]f[q g^ mh lg l`] Yegmfl g^ l`] ?geeale]fl kg [Yf[]dd]\ Yk ^gddgok8 (an) l`] af[j]Yk]\ ?geeale]flk oadd Z] Ykkme]\ Zq gf] gj egj] Ada_aZd] Efklalmlagfk (]Y[` Yf ">^SbUQcU AU^TUb") ]Y[` g^ o`a[` [gf^ajek af ojalaf_ (o`]l`]j af l`] j]d]nYfl Ef[j]Yk] ?gf^ajeYlagf gj gl`]joak]) alk oaddaf_f]kk lg Ykkme] Yf\ \g]k Ykkme] Ydd l`] gZda_Ylagfk g^ Y H]f\]j [gjj]khgf\af_ lg l`Yl hYjl g^ l`] af[j]Yk]\ ?geeale]flk o`a[` al ak lg Ykkme]* Yk a^ al `Y\ Z]]f Yf Kja_afYd H]f\]j af j]kh][l g^ l`gk] ?geeale]flk9 (n) ]Y[` g^ l`] KZda_gjk Yf\ Yfq Ef[j]Yk] H]f\]j k`Ydd Ykkme] gZda_Ylagfk lgoYj\k gf] Yfgl`]j Yf\-gj Y[imaj] ja_`lk Y_Yafkl gf] Yfgl`]j Yk l`] KZda_gjk Yf\ l`] Ef[j]Yk] H]f\]j ogmd\ `Yn] Ykkme]\ Yf\-gj Y[imaj]\ `Y\ l`] Ef[j]Yk] H]f\]j Z]]f Yf Kja_afYd H]f\]j af j]kh][l g^ l`Yl hYjl g^ l`] af[j]Yk]\ ?geeale]flk o`a[` al ak lg Ykkme]9 (na) ]Y[` Ef[j]Yk] H]f\]j k`Ydd Z][ge] Y LYjlq Yk Y "H]f\]j" Yf\ Yfq Ef[j]Yk] H]f\]j Yf\ ]Y[` g^ l`] gl`]j BafYf[] LYjla]k k`Ydd Ykkme] gZda_Ylagfk lgoYj\k gf] Yfgl`]j Yf\ Y[imaj] ja_`lk Y_Yafkl gf] Yfgl`]j Yk l`Yl Ef[j]Yk] H]f\]j Yf\ l`gk] BafYf[] LYjla]k ogmd\ `Yn] Ykkme]\ Yf\-gj Y[imaj]\ `Y\ l`] Ef[j]Yk] H]f\]j Z]]f Yf Kja_afYd H]f\]j af j]kh][l g^ l`Yl hYjl g^ l`] af[j]Yk]\ ?geeale]flk o`a[` al ak lg Ykkme]9 (naa) l`] ?geeale]flk g^ l`] gl`]j H]f\]jk k`Ydd [gflafm] af ^mdd ^gj[] Yf\ ]^^][l9 Yf\ (naaa) Yfq af[j]Yk] af l`] ?geeale]flk k`Ydd lYc] ]^^][l gf l`] \Yl] kh][a^a]\ Zq l`] ?gehYfq af l`] fgla[] j]^]jj]\ lg YZgn] gj Yfq dYl]j \Yl] gf o`a[` l`] =_]fl ]p][ml]k Yf gl`]joak] \mdq [gehd]l]\ Ef[j]Yk] ?gf^ajeYlagf \]dan]j]\ lg al Zq l`] j]d]nYfl Ef[j]Yk] H]f\]j, (Z) P`] =_]fl k`Ydd* kmZb][l lg [dYmk] 0,0([)* Yk kggf Yk j]YkgfYZdq hjY[la[YZd] Y^l]j j][]ahl Zq al g^ Y \mdq [gehd]l]\ Ef[j]Yk] ?gf^ajeYlagf Yhh]Yjaf_ gf alk ^Y[] lg [gehdq oal` l`] l]jek g^ l`ak =_j]]e]fl Yf\ \]dan]j]\ af Y[[gj\Yf[] oal` l`] l]jek g^ l`ak =_j]]e]fl* ]p][ml] l`Yl Ef[j]Yk] ?gf^ajeYlagf, ([) P`] =_]fl k`Ydd gfdq Z] gZda_]\ lg ]p][ml] Yf Ef[j]Yk] ?gf^ajeYlagf \]dan]j]\ lg al Zq Yf Ef[j]Yk] H]f\]j gf[] al ak kYlak^a]\ al `Yk [gehda]\ oal` Ydd f][]kkYjq "cfgo qgmj [mklge]j" gj gl`]j kaeadYj [`][ck mf\]j Ydd Yhhda[YZd] dYok Yf\ j]_mdYlagfk af j]dYlagf lg l`] Ykkmehlagf g^ l`] af[j]Yk]\ ?geeale]flk Zq l`Yl Ef[j]Yk] H]f\]j, (\) AY[` Ef[j]Yk] H]f\]j* Zq ]p][mlaf_ l`] Ef[j]Yk] ?gf^ajeYlagf* [gf^ajek (^gj l`] Ynga\Yf[] g^ \gmZl) l`Yl l`] =_]fl `Yk Yml`gjalq lg ]p][ml] gf alk Z]`Yd^ Yfq Ye]f\e]fl gj oYan]j l`Yl `Yk Z]]f Yhhjgn]\ Zq gj gf Z]`Yd^ g^ l`] j]imakal] H]f\]j gj H]f\]jk af Y[[gj\Yf[] oal` l`ak =_j]]e]fl gf gj hjagj lg l`] \Yl] gf o`a[` l`] af[j]Yk] Z][ge]k ]^^][lan] af Y[[gj\Yf[] oal` l`ak =_j]]e]fl Yf\ l`Yl al ak Zgmf\ Zq l`Yl \][akagf lg l`] kYe] ]pl]fl Yk al ogmd\ `Yn] Z]]f `Y\ al Z]]f Yf Kja_afYd H]f\]j, 1;5=487:"2:>69;<6"31-"++,/002%#%%**#(%..#+02'#)0+$)(&//%0. 

 

#/046.26.4n6:=?PERA< + BY[adala]k Y_j]]e]fl + Hmp^]j+ ATA?QPEKJ 2/ (]) P`] ?gehYfq k`Ydd hjgehldq gf \]eYf\ hYq l`] =_]fl l`] Yegmfl g^ Ydd [gklk Yf\ ]ph]fk]k (af[dm\af_ d]_Yd ^]]k) j]YkgfYZdq af[mjj]\ Zq al af [gff][lagf oal` Yfq af[j]Yk] af ?geeale]flk mf\]j l`ak [dYmk] 0,0, (^) P`] Ef[j]Yk] H]f\]j k`Ydd* gf l`] \Yl] mhgf o`a[` l`] af[j]Yk] lYc]k ]^^][l* hYq lg l`] =_]fl (^gj alk gof Y[[gmfl) Y ^]] af Yf Yegmfl ]imYd lg l`] ^]] o`a[` ogmd\ Z] hYqYZd] mf\]j [dYmk] 04,2 (Assignment or transfer fee) a^ l`] af[j]Yk] oYk Y ljYfk^]j hmjkmYfl lg [dYmk] 04,4 (Procedure for transfer) Yf\ a^ l`] Ef[j]Yk] H]f\]j oYk Y J]o H]f\]j, (_) P`] ?gehYfq eYq hYq lg l`] Ef[j]Yk] H]f\]j Y ^]] af l`] Yegmfl Yf\ Yl l`] lae]k Y_j]]\ Z]lo]]f l`] ?gehYfq Yf\ l`] Ef[j]Yk] H]f\]j af Y d]ll]j Z]lo]]f l`] ?gehYfq Yf\ l`] Ef[j]Yk] H]f\]j k]llaf_ gml l`Yl ^]], = j]^]j]f[] af l`ak =_j]]e]fl lg Y B]] H]ll]j k`Ydd af[dm\] Yfq d]ll]j j]^]jj]\ lg af l`ak [dYmk] 0,0(_), (`) J]al`]j l`] =_]fl fgj Yfq H]f\]j k`Ydd `Yn] Yfq gZda_Ylagf lg ^af\ Yf Ef[j]Yk] H]f\]j Yf\ af fg ]n]fl k`Ydd Yfq H]f\]j o`gk] ?geeale]fl ak j]hdY[]\ Zq Yf Ef[j]Yk] H]f\]j Z] j]imaj]\ lg hYq gj kmjj]f\]j Yfq g^ l`] ^]]k j][]an]\ Zq km[` H]f\]j hmjkmYfl lg l`] BafYf[] @g[me]flk, (a) ?dYmk] 04,3 (Limitation of responsibility of Existing Lenders) k`Ydd Yhhdq emlYlak emlYf\ak af l`ak [dYmk] 0,0 af j]dYlagf lg Yf Ef[j]Yk] H]f\]j Yk a^ j]^]j]f[]k af l`Yl ?dYmk] lg8 (a) Yf ":hYcdY^W AU^TUb" o]j] j]^]j]f[]k lg Ydd l`] H]f\]jk aee]\aYl]dq hjagj lg l`] j]d]nYfl af[j]Yk]9 (aa) l`] "CUg AU^TUb" o]j] j]^]j]f[]k lg l`Yl ">^SbUQcU AU^TUb"9 Yf\ (aaa) Y "bU(dbQ^cVUb" Yf\ "bU(QccYW^]U^d" o]j] j]^]j]f[]k lg j]kh][lan]dq Y "dbQ^cVUb" Yf\ "QccYW^]U^d", -). 6SS_bTY_^ ( Y^SbUQcU Y^ dXU ;QSY\Ydi (Y) P`] ?gehYfq eYq* gf fgl egj] l`Yf ^gmj g[[Ykagfk oal`af l`] =nYadYZadalq L]jag\ ^gj l`] BY[adalq* Zq ojall]f fgla[] lg Ydd l`] H]f\]jk (":hYcdY^W AU^TUbc") j]im]kl Yf af[j]Yk] af l`] PglYd ?geeale]flk (Yf "6TTYdY_^Q\ ;QSY\Ydi 8_]]Yd]U^d"), Om[` fgla[] emkl kh][a^q8 (a) l`] Yegmfl g^ l`] hjghgk]\ af[j]Yk]* o`a[` emkl Z] Y eafaeme g^ $/.*...*... Yf\ Y eYpaeme g^ $3.*...*... (o`]f Y__j]_Yl]\ oal` Yfq hj]nagmk j]im]klk mf\]j l`ak [dYmk] 0,1) mfd]kk gl`]joak] Y_j]]\ Zq l`] H]f\]jk9 (aa) l`] hjghgk]\ \Yl] g^ l`] af[j]Yk] af l`] PglYd ?geeale]flk* o`a[` emkl Z] Y >mkaf]kk @Yq ^Yddaf_ fgl d]kk l`Yf /3 >mkaf]kk @Yqk Y^l]j l`] \Yl] g^ l`] fgla[] (gj a^ dYl]j* /. >mkaf]kk @Yqk ^jge l`] \Yl] gf o`a[` l`] ?gehYfq hjgna\]k Yfq af^gjeYlagf j]im]kl]\ hmjkmYfl lg [dYmk] 0,1(\)) Yf\ oal`af l`] =nYadYZadalq L]jag\ (l`] "6SS_bTY_^ DVVUb EUbY_T")9 Yf\ (aaa) l`] hjghgk]\ YjjYf_]e]fl ^]] lg Z] hYa\ ^gj l`Yl =\\alagfYd BY[adalq ?geeale]fl* km[` ^]] lg Z] hjghgk]\ oal` j]_Yj\ lg Ydd j]d]nYfl hj]nYadaf_ eYjc]l [gf\alagfk Yl l`Yl lae] (af[dm\af_* oal`gml daealYlagf* l`] hmjhgk] g^ l`] =\\alagfYd BY[adalq ?geeale]fl* l`] ^afYf[aYd h]j^gjeYf[] g^ l`] Cjgmh 1;5=487:"2:>69;<6"31-"++,/002%#%%**#(%..#+02'#)0+$)(&//%0. 

 

#/046.26.4n6:=?PERA< + BY[adala]k Y_j]]e]fl + Hmp^]j+ ATA?QPEKJ 20 Yf\ [mjj]fl hja[af_ lj]f\k) Yf\* kg ^Yj Yk hjY[la[YZd]* Y^l]j hjagj [gfkmdlYlagf oal` l`] H]f\]jk (l`] ">^YdYQ\ 6SS_bTY_^ ;UU")* hjgna\]\ YdoYqk l`Yl l`] PglYd ?geeale]flk k`Ydd fgl Yl Yfq lae] ]p[]]\ $/3.*...*..., (Z) P`] ghhgjlmfalq lg hjgna\] l`] =\\alagfYd BY[adalq ?geeale]fl fgla^a]\ lg l`] H]f\]jk mf\]j [dYmk] 0,1(Y) emkl ^ajkl Z] _an]f lg Ydd g^ l`] Apaklaf_ H]f\]jk gf Y pro  rata ZYkak af Y[[gj\Yf[] oal` l`]aj j]kh][lan] ?geeale]flk Yl l`Yl lae], ([) Bgddgoaf_ j][]ahl g^ Y fgla[] ^jge l`] ?gehYfq mf\]j [dYmk] 0,1(Y)* ]Y[` Apaklaf_ H]f\]j k`Ydd `Yn] l`] ja_`l* Zml fgl l`] gZda_Ylagf* oal`af /3 >mkaf]kk @Yqk* lg [gf^aje (gf Y [j]\al Yhhjgn]\ ZYkak)8 (a) l`] eYpaeme Yegmfl g^ l`] j]im]kl]\ =\\alagfYd BY[adalq ?geeale]fl al ak hj]hYj]\ lg eYc] YnYadYZd] o`a[`* ^gj l`] Ynga\Yf[] g^ \gmZl* eYq Z] egj] l`Yf alk pro rata k`Yj] g^ l`] =\\alagfYd BY[adalq ?geeale]flk9 Yf\ (aa) l`Yl l`] H]f\]j Y[[]hlk l`] EfalaYd =[[gj\agf B]] gj* a^ fgl* l`] H]f\]j'k j]imaj]e]flk af j]kh][l g^ Yf YjjYf_]e]fl ^]] ^gj km[` Yegmfl ]phj]kk]\ Yk Y h]j[]flY_] g^ l`] Yegmfl g^ l`] =\\alagfYd BY[adalq ?geeale]flk lg Z] hjgna\]\ Zq l`Yl H]f\]j* af[dm\af_* a^ Yhhda[YZd]* Yfq \a^^]j]fl YjjYf_]e]fl ^]] l`Yl ogmd\ Z] hYqYZd] k`gmd\ l`Yl H]f\]j eYc] YnYadYZd] egj] l`Yf alk pro rata k`Yj]* ]Y[` Apaklaf_ H]f\]j l`Yl Y_j]]k lg Ykkme] Yf =\\alagfYd BY[adalq ?geeale]fl af Y[[gj\Yf[] oal` l`ak [dYmk] 0,1([) Z]af_ Yf ">^SbUQcY^W 6SS_bTY_^ AU^TUb"' Yf\ ]Y[` Ef[j]Ykaf_ =[[gj\agf H]f\]j `Ynaf_ /3 >mkaf]kk @Yqk ^jge j][]ahl g^ Y fgla[] ^jge l`] ?gehYfq mf\]j [dYmk] 0,1(Y) lg eYc] km[` =\\alagfYd BY[adalq ?geeale]flk YnYadYZd], (\) P`] ?gehYfq k`Ydd mk] Ydd j]YkgfYZd] ]f\]Yngmjk lg \]dan]j lg l`] Apaklaf_ H]f\]jk Yfq af^gjeYlagf j]YkgfYZdq j]im]kl]\ Zq l`]e \mjaf_ l`] =[[gj\agf K^^]j L]jag\ oal`af ^an] >mkaf]kk @Yqk g^ l`] \Yl] g^ l`] fgla[] j]^]jj]\ lg af [dYmk] 0,1(Y) j]im]klaf_ Yf =\\alagfYd BY[adalq ?geeale]fl, E^ km[` af^gjeYlagf ak \]dan]j]\ Y^l]j ^an] >mkaf]kk @Yqk ^jge l`] \Yl] g^ j]im]kl* l`]f l`] =[[gj\agf K^^]j L]jag\ k`Ydd Z] ]pl]f\]\ Y[[gj\af_dq, (]) E^ Yf Apaklaf_ H]f\]j8 (a) [gf^ajek lg l`] ?gehYfq l`Yl al \g]k fgl oak` lg hjgna\] alk k`Yj] g^ l`] =\\alagfYd BY[adalq ?geeale]fl9 (aa) ^Yadk lg j]khgf\ lg l`] ?gehYfq oal`af l`] =[[gj\agf K^^]j L]jag\9 gj (aaa) hmjkmYfl lg [dYmk] 0,0([)(aa)* kh][a^a]k Yf YjjYf_]e]fl ^]] af j]kh][l g^ l`] =\\alagfYd BY[adalq ?geeale]fl o`a[` ak _j]Yl]j l`Yf l`] dgo]kl ^]] g^^]j]\ Zq Yfq gl`]j Apaklaf_ H]f\]j (l`] "A_gUcd ;UU") Yf\* oal`af 1 >mkaf]kk @Yqk g^ Z]af_ af^gje]\ af ojalaf_ Zq l`] ?gehYfq g^ l`] Hgo]kl B]]* km[` H]f\]j \g]k fgl eYl[` l`] Hgo]kl B]]* l`] ?gehYfq eYq g^^]j km[` H]f\]j'k k`Yj] g^ l`] hjghgk]\ =\\alagfYd BY[adalq ?geeale]fl lg Yfgl`]j ZYfc gj ^afYf[aYd afklalmlagf o`a[` ak j]_mdYjdq ]f_Y_]\ af gj ]klYZdak`]\ ^gj l`] hmjhgk] g^ eYcaf_* hmj[`Ykaf_ gj afn]klaf_ af dgYfk* k][mjala]k gj 1;5=487:"2:>69;<6"31-"++,/002%#%%**#(%..#+02'#)0+$)(&//%0. 

 

#/046.26.4n6:=?PERA< + BY[adala]k Y_j]]e]fl + Hmp^]j+ ATA?QPEKJ 21 gl`]j ^afYf[aYd Ykk]lk af ]Y[` [Yk] o`a[` ak Y MmYda^qaf_ H]f\]j (Yfq km[` h]jkgf Y_j]]af_ (gf Y [j]\al Yhhjgn]\ ZYkak) lg hYjla[ahYl] af Yf =\\alagfYd BY[adalq ?geeale]fl Z]af_ Yf "6TTYdY_^Q\ 6SS_bTY_^ AU^TUb") hjgna\]\ l`Yl l`] ?gehYfq k`Ydd8 (a) hjgehldq fgla^q l`] Apaklaf_ H]f\]jk g^ Yf =\\alagfYd =[[gj\agf H]f\]j Z]af_ [j]\al Yhhjgn]\9 Yf\ (aa) fgl afalaYddq g^^]j l]jek lg Yfq hjghgk]\ =\\alagfYd =[[gj\agf H]f\]j l`Yl Yj] egj] ^YngmjYZd] l`Yf l`gk] g^^]j]\ lg l`] Apaklaf_ H]f\]jk (af[dm\af_* oal`gml daealYlagf* af j]kh][l g^ Yfq ^]]k hYqYZd] lg l`Yl =\\alagfYd =[[gj\agf H]f\]j), (^) E^ l`] ?gehYfq kmZk]im]fldq g^^]jk Yf YjjYf_]e]fl ^]] lg Yfq h]jkgf l`Yl ak _j]Yl]j l`Yf l`] EfalaYd =[[gj\agf B]] (l`] ">]`b_fUT 6SS_bTY_^ ;UU") l`] ?gehYfq k`Ydd hjgehldq fgla^q l`] Apaklaf_ H]f\]jk g^ l`] Eehjgn]\ =[[gj\agf B]] Yf\ ]Y[` Apaklaf_ H]f\]j k`Ydd `Yn] Yl d]Ykl 1 >mkaf]kk @Yqk lg kmZeal Y j]nak]\ [j]\al Yhhjgn]\ g^^]j af j]kh][l g^ alk pro rata k`Yj] (gj egj]) g^ l`] =\\alagfYd BY[adalq ?geeale]fl gf l`] ZYkak g^ l`] Eehjgn]\ =[[gj\agf B]] Yf\ l`] =[[gj\agf K^^]j L]jag\ k`Ydd Z] YmlgeYla[Yddq ]pl]f\]\ Yk f][]kkYjq, (_) =l l`] ]f\ g^ l`] =[[gj\agf K^^]j L]jag\* ]pl]f\]\ Yk f][]kkYjq af Y[[gj\Yf[] oal` [dYmk] 0,1(^)* l`] ?gehYfq k`Ydd fgla^q l`] =_]fl g^8 (a) l`] d]n]d g^ Y[[]hlYf[]k ^jge l`] Ef[j]Ykaf_ =[[gj\agf H]f\]jk Yf\* a^ Yhhda[YZd]* Yfq =\\alagfYd =[[gj\agf H]f\]jk9 (aa) l`] `a_`]kl ^]] hYqYZd] af gj\]j lg kYlak^q l`] =\\alagfYd BY[adalq ?geeale]fl af ^mdd9 (aaa) l`] Yddg[Ylagf g^ l`] =\\alagfYd BY[adalq ?geeale]fl hmjkmYfl lg [dYmk]k 0,1(`) Yf\ 0,1(a) Z]dgo9 Yf\ (an) l`] hjghgk]\ \Yl] l`] =\\alagfYd BY[adalq ?geeale]fl oadd Z] eY\] YnYadYZd] af Y[[gj\Yf[] oal` [dYmk] 0,1(c) Z]dgo, (`) E^ l`] =\\alagfYd BY[adalq ?geeale]fl [Yf Z] kYlak^a]\ gf l`] ZYkak g^ l`] EfalaYd =[[gj\agf B]]* l`] =\\alagfYd BY[adalq ?geeale]fl k`Ydd Z] Yddg[Yl]\ Yk ^gddgok8 (a) a^ ]Y[` Apaklaf_ H]f\]j `Yk Y_j]]\ lg Z] Yf Ef[j]Ykaf_ =[[gj\agf H]f\]j af Yf Yegmfl o`a[` ak ]imYd lg gj _j]Yl]j l`Yf alk pro rata k`Yj] g^ l`] j]im]kl]\ =\\alagfYd BY[adalq ?geeale]fl* lg l`] Apaklaf_ H]f\]jk gf Y pro rata ZYkak9 gj (aa) a^ gf] gj egj] Apaklaf_ H]f\]j [gf^ajek l`Yl al ak fgl oaddaf_ lg hjgna\] kge] gj Ydd g^ alk pro rata Yegmfl g^ l`] j]im]kl]\ =\\alagfYd BY[adalq ?geeale]fl* gj ^Yadk lg j]khgf\ lg l`] ?gehYfq oal`af l`] =[[gj\agf K^^]j L]jag\ kg l`Yl l`] =\\alagfYd BY[adalq ?geeale]fl ak fgl ^mddq kYlak^a]\ (km[` Yegmfl Z]af_ Y "HX_bdVQ\\") Zml gf] gj egj] g^ l`] gl`]j Apaklaf_ H]f\]jk (]Y[` Yf ":hSUcc AU^TUb") `Yk [gf^aje]\ l`Yl al ak oaddaf_ lg hjgna\] egj] l`Yf alk pro rata Yegmfl o`a[`* af Y__j]_Yl]* oadd kYlak^q l`] j]im]kl]\ =\\alagfYd BY[adalq ?geeale]fl af ^mdd8 1;5=487:"2:>69;<6"31-"++,/002%#%%**#(%..#+02'#)0+$)(&//%0. 

 

#/046.26.4n6:=?PERA< + BY[adala]k Y_j]]e]fl + Hmp^]j+ ATA?QPEKJ 22 (=) ^ajkl* lg l`] Ef[j]Ykaf_ =[[gj\agf H]f\]jk ]imYddq mh lg l`]aj eYpaeme g^^]j]\ Yegmfl g^ l`] =\\alagfYd BY[adalq ?geeale]fl9 (>) k][gf\dq* l`] O`gjl^Ydd lg l`] Ap[]kk H]f\]jk ]imYddq mh lg l`]aj eYpaeme g^^]j]\ Yegmfl g^ l`] =\\alagfYd BY[adalq ?geeale]fl mflad gfdq gf] Ap[]kk H]f\]j `Yk Yfq j]eYafaf_ [YhY[alq9 Yf\ (?) l`]j]Y^l]j* l`] j]ka\mYd Yegmfl g^ l`] O`gjl^Ydd j]eYafaf_ Y^l]j Yddg[Ylagf mf\]j hYjY_jYh`k (=) Yf\ (>) YZgn]* lg l`] kgd] Ap[]kk H]f\]j l`Yl `Yk Yfq j]eYafaf_ YnYadYZd] [YhY[alq lg kYlak^q l`] ZYdYf[] g^ l`] =\\alagfYd BY[adalq ?geeale]fl9 gj (aaa) a^ l`]j] ak Y O`gjl^Ydd Yf\ l`] Ap[]kk H]f\]jk `Yn] fgl [gf^aje]\ l`Yl af Y__j]_Yl] l`]q oadd Z] YZd] lg kYlak^q l`] =\\alagfYd BY[adalq ?geeale]fl af ^mdd8 (=) ^ajkl* lg l`] Ef[j]Ykaf_ =[[gj\agf H]f\]jk ]imYddq mh lg l`]aj eYpaeme g^^]j]\ Yegmfl g^ l`] =\\alagfYd BY[adalq ?geeale]fl9 (>) k][gf\dq* l`] O`gjl^Ydd lg l`] Ap[]kk H]f\]jk af Y[[gj\Yf[] oal` l`] gj\]j k]l gml af hYjY_jYh` 0,1(`)(aa) YZgn]9 Yf\ (?) dYkldq* Yfq Yegmfl g^ l`] O`gjl^Ydd j]eYafaf_ Y^l]j Yddg[Ylagf lg l`] Ap[]kk H]f\]jk mf\]j hYjY_jYh` 0,1(`)(aa) YZgn]* lg Yf =\\alagfYd =[[gj\agf H]f\]j (pro rata a^ egj] l`Yf gf]), (a) E^ Yf =\\alagfYd BY[adalq ?geeale]fl [Yffgl Z] kYlak^a]\ af ^mdd gf l`] ZYkak g^ l`] EfalaYd =[[gj\agf B]] Yf\ l`] ?gehYfq emkl hYq Yf Eehjgn]\ =[[gj\agf B]]* l`] =\\alagfYd BY[adalq ?geeale]fl k`Ydd Z] Yddg[Yl]\8 (a) ^ajkl* lg l`] Ef[j]Ykaf_ =[[gj\agf H]f\]jk l`Yl `Yn] hjgna\]\ g^^]jk g^ Y[[]hlYf[] Yl l`] Eehjgn]\ =[[gj\agf B]] d]n]d* af Y[[gj\Yf[] oal` l`] gj\]j k]l gml af hYjY_jYh`k 0,1(`)(a) lg 0,1(`)(aa) YZgn]9 Yf\ (aa) k][gf\dq* Yfq Yegmfl g^ O`gjl^Ydd j]eYafaf_ Y^l]j Yddg[Ylagf lg l`] Ef[j]Ykaf_ =[[gj\agf H]f\]jk af Y[[gj\Yf[] oal` l`] gj\]j k]l gml af hYjY_jYh` 0,1(a)(a) YZgn]* lg Yf =\\alagfYd =[[gj\agf H]f\]j (pro rata a^ egj] l`Yf gf])* (b) Bgj l`] Ynga\Yf[] g^ \gmZl* Ydd Ef[j]Ykaf_ =[[gj\agf H]f\]jk Yf\ Yfq =\\alagfYd =[[gj\agf H]f\]jk k`Ydd j][]an] l`] kYe] YjjYf_]e]fl ^]] (]phj]kk]\ Yk Y h]j[]flY_] g^ alk hjghgjlagfYl] k`Yj] af l`] =\\alagfYd BY[adalq ?geeale]fl) Yf\ km[` ^]] k`Ydd Z] [Yd[mdYl]\ Zq j]^]j]f[] lg l`] `a_`]kl d]n]d g^ Eehjgn]\ =[[gj\agf B]] j]imaj]\ lg Z] hYa\ Zq l`] ?gehYfq (gj Yfq gl`]j e]eZ]j g^ l`] Cjgmh) af gj\]j lg kYlak^q af ^mdd l`] j]im]kl]\ =\\alagfYd BY[adalq ?geeale]fl, (c) Bgddgoaf_ l`] hjg[]kk k]l gml af [dYmk]k 0,1(Y) lg 0,1(b) YZgn]* l`] Yegmfl g^ l`] PglYd ?geeale]flk k`Ydd Z] af[j]Yk]\ Zq l`] Yegmfl g^ =\\alagfYd BY[adalq ?geeale]fl* hjgna\]\ l`Yl8 (a) l`] ?gehYfq `Yk \]dan]j]\ lg l`] =_]fl Y []jla^a[Yl]* ka_f]\ Zq Yf Yml`gjak]\ ka_fYlgjq* [gf^ajeaf_ l`Yl8 (=) mladakaf_ l`] j]d]nYfl =\\alagfYd BY[adalq ?geeale]fl af ^mdd ogmd\ fgl Zj]Y[` Yfq Zgjjgoaf_ daeal Zaf\af_ gf Yfq KZda_gj9 Yf\ 1;5=487:"2:>69;<6"31-"++,/002%#%%**#(%..#+02'#)0+$)(&//%0. 

 

#/046.26.4n6:=?PERA< + BY[adala]k Y_j]]e]fl + Hmp^]j+ ATA?QPEKJ 23 (>) km[` af[j]Yk] k`Ydd fgl [Ymk] Yfq _mYjYfl]] daealk Yhhda[YZd] lg Yfq KZda_gj lg Z] Zj]Y[`]\9 (aa) l`] =_]fl `Yk j][]an]\* ^gj ]Y[` =\\alagfYd =[[gj\agf H]f\]j Yf\ Ef[j]Ykaf_ =[[gj\agf H]f\]j* Y \mdq [gehd]l]\ gja_afYd (o`a[` ]Y[` =\\alagfYd =[[gj\agf H]f\]j gj Ef[j]Ykaf_ =[[gj\agf H]f\]j (Yk Yhhda[YZd]) emkl `Yn] ]p][ml]\) g^ ]Y[` []jla^a[Yl] af kmZklYflaYddq l`] ^gje hjgna\]\ Yl8 (=) hYjl / g^ k[`]\md] /0 (Form of Accordion Accession Certificate) ("6SS_bTY_^ 6SSUccY_^ 8UbdYVYSQdU") af j]kh][l g^ Yfq =\\alagfYd =[[gj\agf H]f\]j* Yf\ (>) hYjl 0 g^ k[`]\md] /0 (Form of Accordion Increase Certificate) af j]kh][l g^ Yfq Ef[j]Ykaf_ =[[gj\agf H]f\]j ("6SS_bTY_^ >^SbUQcU 8UbdYVYSQdU")* Yf\ ]Y[` Ef[j]Ykaf_ =[[gj\agf H]f\]j Y_j]]k l`Yl al oadd hjgehldq ]p][ml] Yf\ \]dan]j lg l`] =_]fl Yfq km[` =[[gj\agf Ef[j]Yk] ?]jla^a[Yl]9 (aaa) af j]dYlagf lg Yf =\\alagfYd =[[gj\agf H]f\]j o`a[` ak fgl Y H]f\]j aee]\aYl]dq hjagj lg l`] j]d]nYfl af[j]Yk]* l`] =_]fl `Yk h]j^gje]\ Ydd f][]kkYjq "cfgo qgmj [mklge]j" gj gl`]j kaeadYj [`][ck mf\]j Ydd Yhhda[YZd] dYok Yf\ j]_mdYlagfk af j]dYlagf lg l`] Ykkmehlagf g^ l`] =\\alagfYd BY[adalq ?geeale]flk Zq l`Yl =\\alagfYd =[[gj\agf H]f\]j* l`] [gehd]lagf g^ o`a[` l`] =_]fl k`Ydd hjgehldq fgla^q lg l`] ?gehYfq Yf\ l`] =\\alagfYd =[[gj\agf H]f\]j9 (an) fg @]^Ymdl ak [gflafmaf_ gj oadd g[[mj Yk Y j]kmdl g^ l`] =\\alagfYd BY[adalq ?geeale]fl Z]af_ eY\] YnYadYZd] Yf\ l`] N]h]Ylaf_ N]hj]k]flYlagfk Yj] ljm] af Ydd eYl]jaYd j]kh][lk oal` j]^]j]f[] lg l`] ^Y[lk Yf\ [aj[meklYf[]k l`]f ]paklaf_9 (n) l`] hjghgk]\ \Yl] g^ l`] af[j]Yk] af l`] PglYd ?geeale]flk ^Yddk gf Y \Yl] o`a[` ak8 (=) l`] dYkl \Yq g^ Yf Efl]j]kl L]jag\ af j]kh][l g^ Ydd gmlklYf\af_ HgYfk9 gj (>) Y \Yl]* o`a[` emkl Z] Y >mkaf]kk @Yq \mjaf_ l`] =nYadYZadalq L]jag\* gf o`a[` Ydd gmlklYf\af_ HgYfk `Yn] Z]]f hj]hYa\ gj j]hYa\ af ^mdd* kmZb][l lg [dYmk] 7,2 (Voluntary prepayment of Loans)9 Yf\ (na) l`] ?gehYfq `Yk hYa\ lg l`] =_]fl (^gj l`] Y[[gmfl g^ l`] j]d]nYfl =\\alagfYd =[[gj\agf H]f\]jk gj Ef[j]Ykaf_ =[[gj\agf H]f\]jk* Yk l`] [Yk] eYq Z]) Yfq YjjYf_]e]fl ^]] Y_j]]\ af j]kh][l g^ l`] =\\alagfYd BY[adalq ?geeale]fl* l`] ]Yjda]kl \Yl] gf o`a[` Ydd g^ l`] [gf\alagfk k]l gml af l`ak [dYmk] 0,1(c) Yj] kYlak^a]\ Z]af_ l`] "6SS_bTY_^ >^SbUQcU 9QdU", 1;5=487:"2:>69;<6"31-"++,/002%#%%**#(%..#+02'#)0+$)(&//%0. 

 

#/046.26.4n6:=?PERA< + BY[adala]k Y_j]]e]fl + Hmp^]j+ ATA?QPEKJ 24 (d) Kf l`] =[[gj\agf Ef[j]Yk] @Yl]* hjgna\]\ l`Yl l`] [gf\alagfk k]l gml af [dYmk]k 0,1(Y) lg 0,1(c) YZgn] `Yn] Z]]f e]l8 (a) ]Y[` KZda_gj Yf\ ]Y[` =\\alagfYd =[[gj\agf H]f\]j k`Ydd Ykkme] gZda_Ylagfk lgoYj\k gf] Yfgl`]j Yf\-gj Y[imaj] ja_`lk Y_Yafkl gf] Yfgl`]j Yk ]Y[` KZda_gj Yf\ ]Y[` =\\alagfYd =[[gj\agf H]f\]j ogmd\ `Yn] Ykkme]\ Yf\-gj Y[imaj]\ `Y\ l`Yl =\\alagfYd =[[gj\agf H]f\]j Z]]f Yf Kja_afYd H]f\]j9 (aa) ]Y[` =\\alagfYd =[[gj\agf H]f\]j k`Ydd Z][ge] hYjlq Yk Y H]f\]j Yf\ ]Y[` =\\alagfYd =[[gj\agf H]f\]j Yf\ ]Y[` g^ l`] gl`]j BafYf[] LYjla]k k`Ydd Ykkme] gZda_Ylagfk lgoYj\k gf] Yfgl`]j Yf\ Y[imaj] ja_`lk Y_Yafkl gf] Yfgl`]j Yk l`Yl =\\alagfYd =[[gj\agf H]f\]j Yf\ l`gk] BafYf[] LYjla]k ogmd\ `Yn] Ykkme]\ Yf\-gj Y[imaj]\ `Y\ l`Yl =\\alagfYd =[[gj\agf H]f\]j Z]]f Yf Kja_afYd H]f\]j9 Yf\ (aaa) l`] ?geeale]flk g^ l`] gl`]j H]f\]jk k`Ydd [gflafm] af ^mdd ^gj[] Yf\ ]^^][l (a^ Yhhda[YZd]* Yk af[j]Yk]\ hmjkmYfl lg l`ak [dYmk] 0,1), (e) Kl`]j l`Yf af j]kh][l g^ Yfq ^]]k hYqYZd] hmjkmYfl lg l`ak [dYmk] 0,1* ]Y[` =\\alagfYd BY[adalq ?geeale]fl oadd Z] hjgna\]\ Yf\ oadd Z] Zgjjgo]\ gf l`] l]jek Yf\ [gf\alagfk k]l gml af l`ak =_j]]e]fl Yhhda[YZd] lg l`] BY[adalq (af[dm\af_* oal`gml daealYlagf* [dYmk] // (Interest), (f) Jgl`af_ af l`ak [dYmk] 0,1 k`Ydd gZda_]8 (a) Yfq H]f\]j lg af[j]Yk] alk ?geeale]fl Yl Yfq lae]9 gj (aa) l`] ?gehYfq lg Y[[]hl Yfq g^^]j eY\] Zq Yfq H]f\]j Yl Yfq lae], (g) P`] H]f\]jk `]j]Zq Yml`gjak] Yf\ ]ehgo]j l`] =_]fl lg ]p][ml] Yfq f][]kkYjq =[[gj\agf =[[]kkagf ?]jla^a[Yl] gj =[[gj\agf Ef[j]Yk] ?]jla^a[Yl] lg ]fkmj] l`Yl l`] =\\alagfYd BY[adalq ?geeale]flk g^ l`] =\\alagfYd =[[gj\agf H]f\]jk gj l`] Ef[j]Ykaf_ =[[gj\agf H]f\]jk (Yk l`] [Yk] eYq Z]) Yj] Ykkme]\ af Y[[gj\Yf[] oal` l`ak [dYmk] 0,1, (h) AY[` KZda_gj [gf^ajek8 (a) l`] Yml`gjalq g^ l`] ?gehYfq lg j]im]kl Yf\ aehd]e]fl l`] af[j]Yk] g^ l`] ?geeale]flk af Y[[gj\Yf[] oal` l`] hjg[]\mj]k Yf\ mh lg l`] Yegmflk h]jeall]\ Zq l`ak =_j]]e]fl9 Yf\ (aa) l`Yl Ydd alk _mYjYfl]] Yf\ af\]efalq gZda_Ylagfk j][gj\]\ af [dYmk] 0. (Guarantee and indemnity) Yf\-gj af Yfq =[[]kkagf H]ll]j gj gl`]j BafYf[] @g[me]fl oadd ]pl]f\ lg af[dm\] l`] =\\alagfYd BY[adalq ?geeale]flk g^ l`] =\\alagfYd =[[gj\agf H]f\]jk gj l`] Ef[j]Ykaf_ =[[gj\agf H]f\]jk (Yk l`] [Yk] eYq Z]) l`Yl Yj] [geeall]\ af Y[[gj\Yf[] oal` l`ak [dYmk] 0,1* kmZb][l lg Yfq daealk Yk kh][a^a[Yddq j][gj\]\ af [dYmk] 0. (Guarantee and indemnity), (i) ?dYmk] 04,3 (Limitation of responsibility of Existing Lenders) k`Ydd Yhhdq emlYlak emlYf\ak af l`ak [dYmk] 0,1 af j]dYlagf lg Yf =\\alagfYd =[[gj\agf H]f\]j gj Yf Ef[j]Ykaf_ =[[gj\agf H]f\]j Yk a^ j]^]j]f[]k af l`Yl [dYmk] lg8 (a) Yf ":hYcdY^W AU^TUb" o]j] j]^]j]f[]k lg Ydd l`] H]f\]jk aee]\aYl]dq hjagj lg l`] j]d]nYfl =\\alagfYd BY[adalq ?geeale]fl9 1;5=487:"2:>69;<6"31-"++,/002%#%%**#(%..#+02'#)0+$)(&//%0. 

 

#/046.26.4n6:=?PERA< + BY[adala]k Y_j]]e]fl + Hmp^]j+ ATA?QPEKJ 25 (aa) l`] "CUg AU^TUb" o]j] j]^]j]f[]k lg l`Yl ">^SbUQcY^W 6SS_bTY_^ AU^TUb" gj "6TTYdY_^Q\ 6SS_bTY_^ AU^TUb" (Yk l`] [Yk] eYq Z])9 Yf\ (aaa) Y "bU(dbQ^cVUb" Yf\ "bU(QccYW^]U^d" o]j] j]^]j]f[]k lg j]kh][lan]dq Y "dbQ^cVUb" Yf\ "QccYW^]U^d", (j) Qfd]kk l`] =_]fl gl`]joak] Y_j]]k gj l`] =\\alagfYd BY[adalq ?geeale]fl ak Ykkme]\ Zq Yf Apaklaf_ H]f\]j* l`] ?gehYfq k`Ydd* gf l`] \Yl] mhgf o`a[` l`] af[j]Yk] lYc]k ]^^][l* hYq lg l`] =_]fl (^gj alk gof Y[[gmfl) Y ^]] g^ $1*3.., -)/ ;Y^Q^SU EQbdYUc$ bYWXdc Q^T _R\YWQdY_^c (Y) P`] gZda_Ylagfk g^ ]Y[` BafYf[] LYjlq mf\]j l`] BafYf[] @g[me]flk Yj] k]n]jYd, BYadmj] Zq Y BafYf[] LYjlq lg h]j^gje alk gZda_Ylagfk mf\]j l`] BafYf[] @g[me]flk \g]k fgl Y^^][l l`] gZda_Ylagfk g^ Yfq gl`]j LYjlq mf\]j l`] BafYf[] @g[me]flk, Jg BafYf[] LYjlq ak j]khgfkaZd] ^gj l`] gZda_Ylagfk g^ Yfq gl`]j BafYf[] LYjlq mf\]j l`] BafYf[] @g[me]flk, (Z) P`] ja_`lk g^ ]Y[` BafYf[] LYjlq mf\]j gj af [gff][lagf oal` l`] BafYf[] @g[me]flk Yj] k]hYjYl] Yf\ af\]h]f\]fl ja_`lk Yf\ Yfq \]Zl Yjakaf_ mf\]j l`] BafYf[] @g[me]flk lg Y BafYf[] LYjlq ^jge Yf KZda_gj ak Y k]hYjYl] Yf\ af\]h]f\]fl \]Zl af j]kh][l g^ o`a[` Y BafYf[] LYjlq k`Ydd Z] ]flald]\ lg ]f^gj[] alk ja_`lk af Y[[gj\Yf[] oal` [dYmk] 0,2([), P`] ja_`lk g^ ]Y[` BafYf[] LYjlq af[dm\] Yfq \]Zl goaf_ lg l`Yl BafYf[] LYjlq mf\]j l`] BafYf[] @g[me]flk Yf\* ^gj l`] Ynga\Yf[] g^ \gmZl* Yfq hYjl g^ Y HgYf gj Yfq gl`]j Yegmfl go]\ Zq Yf KZda_gj o`a[` j]dYl]k lg Y BafYf[] LYjlq'k hYjla[ahYlagf af l`] BY[adalq gj alk jgd] mf\]j Y BafYf[] @g[me]fl (af[dm\af_ Yfq km[` Yegmfl hYqYZd] lg l`] =_]fl gf alk Z]`Yd^) ak Y \]Zl goaf_ lg l`Yl BafYf[] LYjlq Zq l`Yl KZda_gj, ([) = BafYf[] LYjlq eYq* ]p[]hl Yk kh][a^a[Yddq hjgna\]\ af l`] BafYf[] @g[me]flk* k]hYjYl]dq ]f^gj[] alk ja_`lk mf\]j gj af [gff][lagf oal` l`] BafYf[] @g[me]flk, -)0 DR\YW_bc$ 6WU^d (Y) AY[` KZda_gj (gl`]j l`Yf l`] ?gehYfq) Zq alk ]p][mlagf g^ l`ak =_j]]e]fl gj Yf =[[]kkagf @]]\ ajj]ng[YZdq Yhhgaflk l`] ?gehYfq lg Y[l gf alk Z]`Yd^ Yk alk Y_]fl af j]dYlagf lg l`] BafYf[] @g[me]flk Yf\ ajj]ng[YZdq Yml`gjak]k8 (a) l`] ?gehYfq gf alk Z]`Yd^ lg kmhhdq Ydd af^gjeYlagf [gf[]jfaf_ alk]d^ [gfl]ehdYl]\ Zq l`ak =_j]]e]fl lg l`] BafYf[] LYjla]k Yf\ lg _an] Ydd fgla[]k Yf\ afkljm[lagfk (af[dm\af_ QladakYlagf N]im]klk)* lg ]p][ml] gf alk Z]`Yd^ Yfq =[[]kkagf @]]\ lg eYc] km[` Y_j]]e]flk Yf\ lg ]^^][l l`] j]d]nYfl Ye]f\e]flk* kmhhd]e]flk Yf\ nYjaYlagfk [YhYZd] g^ Z]af_ _an]f* eY\] gj ]^^][l]\ Zq Yfq KZda_gj fgloal`klYf\af_ l`Yl l`]q eYq Y^^][l l`] KZda_gj* oal`gml ^mjl`]j j]^]j]f[] lg gj l`] [gfk]fl g^ l`Yl KZda_gj9 Yf\ (aa) ]Y[` BafYf[] LYjlq lg _an] Yfq fgla[]* \]eYf\ gj gl`]j [geemfa[Ylagf lg l`Yl KZda_gj hmjkmYfl lg l`] BafYf[] @g[me]flk lg l`] ?gehYfq* Yf\ af ]Y[` [Yk] l`] KZda_gj k`Ydd Z] Zgmf\ Yk l`gm_` l`] KZda_gj alk]d^ `Y\ _an]f l`] fgla[]k Yf\ afkljm[lagfk (af[dm\af_* oal`gml daealYlagf* Yfq QladakYlagf N]im]klk) gj ]p][ml]\ gj eY\] l`] Y_j]]e]flk gj ]^^][l]\ l`] Ye]f\e]flk* kmhhd]e]flk gj nYjaYlagfk* gj j][]an]\ l`] j]d]nYfl fgla[]* \]eYf\ gj gl`]j [geemfa[Ylagf, 1;5=487:"2:>69;<6"31-"++,/002%#%%**#(%..#+02'#)0+$)(&//%0. 

 

#/046.26.4n6:=?PERA< + BY[adala]k Y_j]]e]fl + Hmp^]j+ ATA?QPEKJ 26 (Z) An]jq Y[l* geakkagf* Y_j]]e]fl* mf\]jlYcaf_* k]lld]e]fl* oYan]j* Ye]f\e]fl* kmhhd]e]fl* nYjaYlagf* fgla[] gj gl`]j [geemfa[Ylagf _an]f gj eY\] Zq l`] KZda_gjk' Y_]fl gj _an]f lg l`] KZda_gjk' Y_]fl mf\]j Yfq BafYf[] @g[me]fl gf Z]`Yd^ g^ Yfgl`]j KZda_gj gj af [gff][lagf oal` Yfq BafYf[] @g[me]fl (o`]l`]j gj fgl cfgof lg Yfq gl`]j KZda_gj Yf\ o`]l`]j g[[mjjaf_ Z]^gj] gj Y^l]j km[` gl`]j KZda_gj Z][Ye] Yf KZda_gj mf\]j Yfq BafYf[] @g[me]fl) k`Ydd Z] Zaf\af_ ^gj Ydd hmjhgk]k gf l`Yl KZda_gj Yk a^ l`Yl KZda_gj `Y\ ]phj]kkdq eY\]* _an]f gj [gf[mjj]\ oal` al, Ef l`] ]n]fl g^ Yfq [gf^da[l Z]lo]]f Yfq fgla[]k gj gl`]j [geemfa[Ylagfk g^ l`] KZda_gjk' Y_]fl Yf\ Yfq gl`]j KZda_gj* l`gk] g^ l`] KZda_gjk' Y_]fl k`Ydd hj]nYad, .) EJGEDH: .), Eeb`_cU AY[` >gjjgo]j k`Ydd Yhhdq Ydd Yegmflk Zgjjgo]\ Zq al mf\]j l`] BY[adalq lgoYj\k8 (Y) j]^afYf[af_ l`] Apaklaf_ BafYf[aYd Ef\]Zl]\f]kk9 (Z) l`] hYqe]fl g^ Ydd ^]]k* [gklk Yf\ ]ph]fk]k af[mjj]\ Zq Yfq e]eZ]j g^ l`] Cjgmh af [gff][lagf oal` l`] j]^afYf[af_ j]^]jj]\ lg Yl [dYmk] 1,/(Y) YZgn]9 ([) alk _]f]jYd [gjhgjYl] Yf\ ogjcaf_ [YhalYd hmjhgk]k (af[dm\af_ L]jeall]\ =[imakalagfk Yf\ L]jeall]\ Fgafl R]flmj]k)* (Zml fgl* af l`] [Yk] g^ Yfq mladakYlagf g^ Yfq =f[addYjq BY[adalq* lgoYj\k hj]hYqe]fl g^ Yfq QladakYlagf), .)- B_^Yd_bY^W Jg BafYf[] LYjlq ak Zgmf\ lg egfalgj gj n]ja^q l`] Yhhda[Ylagf g^ Yfq Yegmfl Zgjjgo]\ hmjkmYfl lg l`ak =_j]]e]fl, /) 8DC9>I>DCH D; JI>A>H6I>DC /), >^YdYQ\ S_^TYdY_^c `bUSUTU^d (Y) Jg >gjjgo]j eYq \]dan]j Y QladakYlagf N]im]kl mfd]kk l`] =_]fl `Yk j][]an]\ Ydd g^ l`] \g[me]flk Yf\ gl`]j ]na\]f[] dakl]\ af hYjl / g^ k[`]\md] 0 (Conditions  Precedent) af ^gje Yf\ kmZklYf[] kYlak^Y[lgjq lg l`] =_]fl, P`] =_]fl k`Ydd fgla^q l`] ?gehYfq Yf\ l`] H]f\]jk hjgehldq mhgf Z]af_ kg kYlak^a]\, (Z) Kl`]j l`Yf lg l`] ]pl]fl l`Yl l`] IYbgjalq H]f\]jk fgla^q l`] =_]fl af ojalaf_ lg l`] [gfljYjq Z]^gj] l`] =_]fl _an]k l`] fgla^a[Ylagf \]k[jaZ]\ af [dYmk] 2,/(Y)* l`] H]f\]jk Yml`gjak] (Zml \g fgl j]imaj]) l`] =_]fl lg _an] l`Yl fgla^a[Ylagf, P`] =_]fl k`Ydd fgl Z] daYZd] ^gj Yfq \YeY_]k* [gklk gj dgkk]k o`Ylkg]n]j Yk Y j]kmdl g^ _anaf_ Yfq km[` fgla^a[Ylagf, /)- ;ebdXUb S_^TYdY_^c `bUSUTU^d P`] H]f\]jk oadd gfdq Z] gZda_]\ lg [gehdq oal` [dYmk] 3,2 (Lenders' participation) a^ gf l`] \Yl] g^ l`] QladakYlagf N]im]kl Yf\ gf l`] hjghgk]\ QladakYlagf @Yl]8 1;5=487:"2:>69;<6"31-"++,/002%#%%**#(%..#+02'#)0+$)(&//%0. 

 

#/046.26.4n6:=?PERA< + BY[adala]k Y_j]]e]fl + Hmp^]j+ ATA?QPEKJ 27 (Y) af l`] [Yk] g^ Y Ngddgn]j HgYf* fg An]fl g^ @]^Ymdl ak [gflafmaf_ gj ogmd\ j]kmdl ^jge l`] hjghgk]\ HgYf Yf\* af l`] [Yk] g^ Yfq gl`]j HgYf* fg @]^Ymdl ak [gflafmaf_ gj ogmd\ j]kmdl ^jge l`] hjghgk]\ HgYf9 Yf\ (Z) l`] N]h]Ylaf_ N]hj]k]flYlagfk lg Z] eY\] Zq ]Y[` KZda_gj Yj] ljm] af Ydd eYl]jaYd j]kh][lk, /). 8_^TYdY_^c bU\QdY^W d_ D`dY_^Q\ 8ebbU^SYUc (Y) = [mjj]f[q oadd [gfklalml] Yf KhlagfYd ?mjj]f[q af j]dYlagf lg Y HgYf a^8 (a) al ak j]Y\adq YnYadYZd] af l`] Yegmfl j]imaj]\ Yf\ ^j]]dq [gfn]jlaZd] aflg l`] >Yk] ?mjj]f[q af l`] o`gd]kYd] eYjc]l ^gj l`Yl [mjj]f[q Yl l`] Oh][a^a]\ Pae] Yf\ gf l`] QladakYlagf @Yl] ^gj l`Yl HgYf9 (aa) al `Yk Z]]f Yhhjgn]\ Zq l`] =_]fl (Y[laf_ gf l`] afkljm[lagfk g^ Ydd l`] H]f\]jk) gf gj hjagj lg j][]ahl Zq l`] =_]fl g^ l`] j]d]nYfl QladakYlagf N]im]kl ^gj l`Yl HgYf9 Yf\ (aaa) l`]j] Yj] N]^]j]f[] NYl] P]jek ^gj l`Yl [mjj]f[q, (Z) E^ l`] =_]fl `Yk j][]an]\ Y ojall]f j]im]kl ^jge l`] ?gehYfq ^gj Y [mjj]f[q lg Z] Yhhjgn]\ mf\]j [dYmk] 2,1(Y)(aa)* l`] =_]fl oadd [gf^aje lg l`] ?gehYfq Zq l`] Oh][a^a]\ Pae]8 (a) o`]l`]j gj fgl l`] H]f\]jk `Yn] _jYfl]\ l`]aj YhhjgnYd9 Yf\ (aa) a^ YhhjgnYd `Yk Z]]f _jYfl]\* l`] eafaeme Yegmfl (Yf\* a^ j]imaj]\* afl]_jYd emdlahd]k) ^gj Yfq kmZk]im]fl QladakYlagf af l`Yl [mjj]f[q, /)/ BQhY]e] ^e]RUb _V A_Q^c (Y) = >gjjgo]j (gj l`] ?gehYfq gf alk Z]`Yd^) eYq fgl \]dan]j Y QladakYlagf N]im]kl a^ Yk Y j]kmdl g^ l`] hjghgk]\ QladakYlagf egj] l`Yf /3 HgYfk ogmd\ Z] gmlklYf\af_, (Z) =fq HgYf eY\] Zq Y kaf_d] H]f\]j mf\]j [dYmk] 4,0 (Unavailability of a currency) k`Ydd fgl Z] lYc]f aflg Y[[gmfl af l`ak [dYmk] 2,2, H:8I>DC . JI>A>H6I>DC 0) JI>A>H6I>DC 0), 9U\YfUbi _V Q JdY\YcQdY_^ GUaeUcd = >gjjgo]j eYq mladak] l`] BY[adalq Zq \]dan]jq lg l`] =_]fl g^ Y \mdq [gehd]l]\ QladakYlagf N]im]kl fgl dYl]j l`Yf l`] Oh][a^a]\ Pae], 0)- 8_]`\UdY_^ _V Q JdY\YcQdY_^ GUaeUcd (Y) AY[` QladakYlagf N]im]kl ak ajj]ng[YZd] Yf\ oadd fgl Z] j]_Yj\]\ Yk `Ynaf_ Z]]f \mdq [gehd]l]\ mfd]kk8 1;5=487:"2:>69;<6"31-"++,/002%#%%**#(%..#+02'#)0+$)(&//%0. 

 

#/046.26.4n6:=?PERA< + BY[adala]k Y_j]]e]fl + Hmp^]j+ ATA?QPEKJ 3. (a) al a\]fla^a]k l`] >gjjgo]j9 (aa) l`] hjghgk]\ QladakYlagf @Yl] ak Y >mkaf]kk @Yq oal`af l`] =nYadYZadalq L]jag\9 (aaa) l`] [mjj]f[q Yf\ Yegmfl g^ l`] QladakYlagf [gehdq oal` [dYmk] 3,1 (Currency  and amount)9 Yf\ (an) l`] hjghgk]\ Efl]j]kl L]jag\ [gehda]k oal` [dYmk] /0 (Interest Periods), (Z) Kfdq gf] HgYf eYq Z] j]im]kl]\ af ]Y[` QladakYlagf N]im]kl, 0). 8ebbU^Si Q^T Q]_e^d (Y) P`] [mjj]f[q kh][a^a]\ af Y QladakYlagf N]im]kl emkl Z] l`] >Yk] ?mjj]f[q gj Yf KhlagfYd ?mjj]f[q, (Z) P`] Yegmfl g^ l`] hjghgk]\ HgYf emkl Z]8 (a) a^ l`] [mjj]f[q k]d][l]\ ak l`] >Yk] ?mjj]f[q* Y eafaeme g^ $3..*... gj* a^ d]kk* l`] =nYadYZd] BY[adalq9 gj (aa) a^ l`] [mjj]f[q k]d][l]\ ak ]mjg* Y eafaeme g^ AQN 3..*... gj* a^ d]kk* l`] =nYadYZd] BY[adalq9 (aaa) a^ l`] [mjj]f[q k]d][l]\ ak C>L* Y eafaeme g^ s3..*... gj* a^ d]kk* l`] =nYadYZd] BY[adalq9 gj (an) a^ l`] [mjj]f[q k]d][l]\ ak Yf KhlagfYd ?mjj]f[q l`] eafaeme Yegmfl (Yf\* a^ j]imaj]\* afl]_jYd emdlahd]) kh][a^a]\ Zq l`] =_]fl hmjkmYfl lg [dYmk] 2,1(Z)(aa) gj* a^ d]kk* l`] =nYadYZd] BY[adalq9 Yf\ (n) af Yfq ]n]fl km[` l`Yl alk >Yk] ?mjj]f[q =egmfl ak d]kk l`Yf gj ]imYd lg l`] =nYadYZd] BY[adalq, 0)/ AU^TUbc$ `QbdYSY`QdY_^ (Y) E^ l`] [gf\alagfk k]l gml af l`ak =_j]]e]fl `Yn] Z]]f e]l Yf\ kmZb][l lg [dYmk] 6,/ (Repayment of Loans) ]Y[` H]f\]j k`Ydd eYc] alk hYjla[ahYlagf af ]Y[` HgYf YnYadYZd] Zq l`] QladakYlagf @Yl] l`jgm_` alk BY[adalq K^^a[], (Z) P`] Yegmfl g^ ]Y[` H]f\]j'k hYjla[ahYlagf af ]Y[` HgYf oadd Z] ]imYd lg l`] hjghgjlagf Zgjf] Zq alk =nYadYZd] ?geeale]fl lg l`] =nYadYZd] BY[adalq aee]\aYl]dq hjagj lg eYcaf_ l`] HgYf, ([) P`] =_]fl k`Ydd \]l]jeaf] l`] >Yk] ?mjj]f[q =egmfl g^ ]Y[` HgYf o`a[` ak lg Z] eY\] af Yf KhlagfYd ?mjj]f[q Yf\ k`Ydd fgla^q ]Y[` H]f\]j g^ l`] Yegmfl* [mjj]f[q Yf\ l`] >Yk] ?mjj]f[q =egmfl g^ ]Y[` HgYf* l`] Yegmfl g^ alk hYjla[ahYlagf af l`Yl HgYf Yf\* a^ \a^^]j]fl* l`] Yegmfl g^ l`Yl hYjla[ahYlagf lg Z] eY\] YnYadYZd] af Y[[gj\Yf[] oal` [dYmk] 1/,/ (Payments to the Agent)* af ]Y[` [Yk] Zq l`] Oh][a^a]\ Pae], 1;5=487:"2:>69;<6"31-"++,/002%#%%**#(%..#+02'#)0+$)(&//%0. 

 

#/046.26.4n6:=?PERA< + BY[adala]k Y_j]]e]fl + Hmp^]j+ ATA?QPEKJ 3/ 0)0 8Q^SU\\QdY_^ _V 8_]]Yd]U^d P`] ?geeale]flk o`a[`* Yl l`Yl lae]* Yj] mfmladak]\ k`Ydd Z] aee]\aYl]dq [Yf[]dd]\ Yl l`] ]f\ g^ l`] =nYadYZadalq L]jag\, 1) DEI>DC6A 8JGG:C8>:H 1), HU\USdY_^ _V SebbU^Si = >gjjgo]j (gj l`] ?gehYfq gf Z]`Yd^ g^ Y >gjjgo]j) k`Ydd k]d][l l`] [mjj]f[q g^ Y HgYf af Y QladakYlagf N]im]kl, 1)- J^QfQY\QRY\Ydi _V Q SebbU^Si E^ Z]^gj] l`] Oh][a^a]\ Pae]8 (Y) Y H]f\]j fgla^a]k l`] =_]fl l`Yl l`] KhlagfYd ?mjj]f[q j]im]kl]\ ak fgl j]Y\adq YnYadYZd] lg al af l`] Yegmfl j]imaj]\9 gj (Z) Y H]f\]j fgla^a]k l`] =_]fl l`Yl [gehdaYf[] oal` alk gZda_Ylagf lg hYjla[ahYl] af Y HgYf af l`] hjghgk]\ KhlagfYd ?mjj]f[q ogmd\ [gfljYn]f] Y dYo gj j]_mdYlagf Yhhda[YZd] lg al* l`] =_]fl oadd _an] fgla[] lg l`] j]d]nYfl >gjjgo]j lg l`Yl ]^^][l Zq l`] Oh][a^a]\ Pae], Ef l`ak ]n]fl* Yfq H]f\]j l`Yl _an]k fgla[] hmjkmYfl lg l`ak [dYmk] 4,0 oadd Z] j]imaj]\ lg hYjla[ahYl] af l`] HgYf af l`] >Yk] ?mjj]f[q (af Yf Yegmfl ]imYd lg l`Yl H]f\]j'k hjghgjlagf g^ l`] >Yk] ?mjj]f[q =egmfl gj* af j]kh][l g^ Y Ngddgn]j HgYf* Yf Yegmfl ]imYd lg l`Yl H]f\]j'k hjghgjlagf g^ l`] >Yk] ?mjj]f[q =egmfl g^ l`] Ngddgn]j HgYf l`Yl ak \m] lg Z] eY\]) Yf\ alk hYjla[ahYlagf oadd Z] lj]Yl]\ Yk Y k]hYjYl] HgYf \]fgeafYl]\ af l`] >Yk] ?mjj]f[q \mjaf_ l`Yl Efl]j]kl L]jag\, 1). EQbdYSY`QdY_^ Y^ Q A_Q^ AY[` H]f\]j'k hYjla[ahYlagf af Y HgYf oadd Z] \]l]jeaf]\ af Y[[gj\Yf[] oal` [dYmk] 3,2(Z), 2) 6C8>AA6GN ;68>A>I>:H 2), Ii`U _V ;QSY\Ydi =f =f[addYjq BY[adalq eYq Z] Zq oYq g^ Yfq g^ l`] ^gddgoaf_ (gj Yfq [geZafYlagf g^ l`] ^gddgoaf_)8 (Y) Yf gn]j\jY^l* [`]im] [d]Yjaf_* YmlgeYla[ hYqe]fl gj gl`]j [mjj]fl Y[[gmfl ^Y[adalq9 (Z) Y _mYjYfl]]* Zgf\af_* \g[me]flYjq gj klYf\Zq d]ll]j g^ [j]\al ^Y[adalq9 ([) Y [j]\al [Yj\ ^Y[adalq9 (\) Y k`gjl l]je dgYf ^Y[adalq9 (]) Y \]janYlan]k ^Y[adalq9 (^) Y ^gj]a_f ]p[`Yf_] ^Y[adalq9 gj 1;5=487:"2:>69;<6"31-"++,/002%#%%**#(%..#+02'#)0+$)(&//%0. 

 

#/046.26.4n6:=?PERA< + BY[adala]k Y_j]]e]fl + Hmp^]j+ ATA?QPEKJ 30 (_) Yfq gl`]j ^Y[adalq gj Y[[geeg\Ylagf j]imaj]\ gj \]kajYZd] af [gff][lagf oal` l`] Zmkaf]kk g^ l`] Cjgmh Yf\ o`a[` ak Y_j]]\ Zq l`] ?gehYfq oal` Yf =f[addYjq H]f\]j, 2)- 6fQY\QRY\Ydi (Y) E^ l`] ?gehYfq Yf\ Y H]f\]j Y_j]] Yf\ ]p[]hl Yk gl`]joak] hjgna\]\ af l`ak =_j]]e]fl* l`] H]f\]j eYq hjgna\] Ydd gj hYjl g^ alk ?geeale]fl Yk Yf =f[addYjq BY[adalq, (Z) =f =f[addYjq BY[adalq k`Ydd fgl Z] eY\] YnYadYZd] mfd]kk* fgl dYl]j l`Yf l`j]] >mkaf]kk @Yqk hjagj lg l`] =f[addYjq ?gee]f[]e]fl @Yl] ^gj Yf =f[addYjq BY[adalq* l`] =_]fl `Yk j][]an]\ ^jge l`] ?gehYfq8 (a) Y fgla[] af ojalaf_ g^ l`] ]klYZdak`e]fl g^ Yf =f[addYjq BY[adalq Yf\ kh][a^qaf_8 (=) l`] hjghgk]\ >gjjgo]j(k) gj =^^adaYl]k g^ Y >gjjgo]j o`a[` eYq mk] l`] =f[addYjq BY[adalq9 (>) l`] hjghgk]\ =f[addYjq ?gee]f[]e]fl @Yl] Yf\ ]phajq \Yl] g^ l`] =f[addYjq BY[adalq9 (?) l`] hjghgk]\ lqh] g^ =f[addYjq BY[adalq lg Z] hjgna\]\9 (@) l`] hjghgk]\ =f[addYjq H]f\]j9 Yf\ (A) l`] hjghgk]\ =f[addYjq ?geeale]fl* l`] eYpaeme Yegmfl g^ l`] =f[addYjq BY[adalq Yf\* af l`] [Yk] g^ Y Imdla+Y[[gmfl Kn]j\jY^l* alk @]ka_fYl]\ Cjgkk =egmfl Yf\ alk @]ka_fYl]\ J]l =egmfl9 (aa) Yfq gl`]j af^gjeYlagf o`a[` l`] =_]fl eYq j]YkgfYZdq j]im]kl af [gff][lagf oal` l`] =f[addYjq BY[adalq, ([) P`] =_]fl k`Ydd hjgehldq fgla^q l`] =f[addYjq H]f\]j Yf\ l`] gl`]j H]f\]jk g^ l`] ]klYZdak`e]fl g^ Yf =f[addYjq BY[adalq, (\) OmZb][l lg [gehdaYf[] oal` hYjY_jYh` (Z) YZgn]8 (a) l`] H]f\]j [gf[]jf]\ oadd Z][ge] Yf =f[addYjq H]f\]j9 Yf\ (aa) l`] =f[addYjq BY[adalq oadd Z] YnYadYZd]* oal` ]^^][l ^jge l`] \Yl] Y_j]]\ Zq l`] ?gehYfq Yf\ l`] =f[addYjq H]f\]j, 2). IUb]c _V 6^SY\\Qbi ;QSY\YdYUc (Y) Ap[]hl Yk hjgna\]\ Z]dgo* l`] l]jek g^ Yfq =f[addYjq BY[adalq oadd Z] l`gk] Y_j]]\ Zq l`] =f[addYjq H]f\]j Yf\ l`] ?gehYfq, (Z) P`gk] l]jek8 (a) emkl Z] ZYk]\ mhgf fgjeYd [gee]j[aYd l]jek Yl l`Yl lae] (]p[]hl Yk nYja]\ Zq l`ak =_j]]e]fl)9 1;5=487:"2:>69;<6"31-"++,/002%#%%**#(%..#+02'#)0+$)(&//%0. 

 

#/046.26.4n6:=?PERA< + BY[adala]k Y_j]]e]fl + Hmp^]j+ ATA?QPEKJ 31 (aa) eYq Yddgo gfdq >gjjgo]jk (gj =^^adaYl]k g^ >gjjgo]jk fgeafYl]\ hmjkmYfl lg [dYmk] 5,7 (Affiliates of Borrowers)) lg mk] l`] =f[addYjq BY[adalq9 (aaa) eYq fgl Yddgo l`] =f[addYjq KmlklYf\af_k lg ]p[]]\ l`] =f[addYjq ?geeale]fl9 (an) eYq fgl Yddgo Y H]f\]j'k =f[addYjq ?geeale]fl lg ]p[]]\ l`Yl H]f\]j'k =nYadYZd] ?geeale]fl j]dYlaf_ lg l`] BY[adalq (Z]^gj] lYcaf_ aflg Y[[gmfl l`] ]^^][l g^ l`] =f[addYjq BY[adalq gf l`Yl =nYadYZd] ?geeale]fl)9 Yf\ (n) emkl j]imaj] l`Yl l`] =f[addYjq ?geeale]fl ak j]\m[]\ lg r]jg* Yf\ l`Yl Ydd =f[addYjq KmlklYf\af_k Yj] j]hYa\ fgl dYl]j l`Yf l`] P]jeafYlagf @Yl] Yhhda[YZd] lg l`] BY[adalq (gj km[` ]Yjda]j \Yl] Yk l`] ?geeale]fl g^ l`] j]d]nYfl =f[addYjq H]f\]j (gj alk =^^adaYl]) ak j]\m[]\ lg r]jg), ([) E^ l`]j] ak Yfq af[gfkakl]f[q Z]lo]]f Yfq l]je g^ Yf =f[addYjq BY[adalq Yf\ Yfq l]je g^ l`ak =_j]]e]fl* l`ak =_j]]e]fl k`Ydd hj]nYad ]p[]hl ^gj8 (a) ?dYmk] 12,1 (Day count convention and interest calculation) o`a[` k`Ydd fgl hj]nYad ^gj l`] hmjhgk]k g^ [Yd[mdYlaf_ ^]]k* afl]j]kl gj [geeakkagf j]dYlaf_ lg Yf =f[addYjq BY[adalq9 (aa) Yf =f[addYjq BY[adalq [gehjakaf_ egj] l`Yf gf] Y[[gmfl o`]j] l`] l]jek g^ l`] =f[addYjq @g[me]flk k`Ydd hj]nYad lg l`] ]pl]fl j]imaj]\ lg h]jeal l`] f]llaf_ g^ ZYdYf[]k gf l`gk] Y[[gmflk9 Yf\ (aaa) o`]j] l`] j]d]nYfl l]je g^ l`ak =_j]]e]fl ogmd\ Z] [gfljYjq lg* gj af[gfkakl]fl oal`* l`] dYo _gn]jfaf_ l`] j]d]nYfl =f[addYjq @g[me]fl* af o`a[` [Yk] l`Yl l]je g^ l`ak =_j]]e]fl k`Ydd fgl hj]nYad, (\) Efl]j]kl* [geeakkagf Yf\ ^]]k gf =f[addYjq BY[adala]k Yj] \]Ydl oal` af [dYmk] /2,2 (Interest, commission and fees on Ancillary Facilities), 2)/ GU`Qi]U^d _V 6^SY\\Qbi ;QSY\Ydi (Y) =f =f[addYjq BY[adalq k`Ydd []Yk] lg Z] YnYadYZd] gf l`] P]jeafYlagf @Yl] gj km[` ]Yjda]j \Yl] gf o`a[` alk ]phajq \Yl] g[[mjk gj gf o`a[` al ak [Yf[]dd]\ af Y[[gj\Yf[] oal` l`] l]jek g^ l`ak =_j]]e]fl, (Z) E^ Yf =f[addYjq BY[adalq ]phaj]k af Y[[gj\Yf[] oal` alk l]jek l`] =f[addYjq ?geeale]fl g^ l`] =f[addYjq H]f\]j k`Ydd Z] j]\m[]\ lg r]jg, ([) Jg =f[addYjq H]f\]j eYq \]eYf\ j]hYqe]fl gj hj]hYqe]fl g^ Yfq =f[addYjq KmlklYf\af_k hjagj lg l`] ]phajq \Yl] g^ l`] j]d]nYfl =f[addYjq BY[adalq mfd]kk8 (a) j]imaj]\ lg j]\m[] l`] Cjgkk KmlklYf\af_k g^ Y Imdla+Y[[gmfl Kn]j\jY^l lg gj lgoYj\k Yf Yegmfl ]imYd lg alk J]l KmlklYf\af_k9 (aa) l`] PglYd ?geeale]flk `Yn] Z]]f [Yf[]dd]\ af ^mdd* gj Ydd gmlklYf\af_ HgYfk mf\]j l`] BY[adalq `Yn] Z][ge] \m] Yf\ hYqYZd] af Y[[gj\Yf[] oal` l`] l]jek g^ l`ak =_j]]e]fl9 1;5=487:"2:>69;<6"31-"++,/002%#%%**#(%..#+02'#)0+$)(&//%0. 

 

#/046.26.4n6:=?PERA< + BY[adala]k Y_j]]e]fl + Hmp^]j+ ATA?QPEKJ 32 (aaa) al Z][ge]k mfdYo^md af Yfq Yhhda[YZd] bmjak\a[lagf ^gj l`] =f[addYjq H]f\]j lg h]j^gje Yfq g^ alk gZda_Ylagfk Yk [gfl]ehdYl]\ Zq l`ak =_j]]e]fl gj lg ^mf\* akkm] gj eYaflYaf alk hYjla[ahYlagf af alk =f[addYjq BY[adalq (gj al Z][ge]k mfdYo^md ^gj Yfq =^^adaYl] g^ l`] =f[addYjq H]f\]j ^gj l`] =f[addYjq H]f\]j lg \g kg)9 gj (an) Zgl`8 (=) l`] =nYadYZd] ?geeale]flk9 Yf\ (>) l`] fgla[] g^ l`] \]eYf\ _an]f Zq l`] =f[addYjq H]f\]j* ogmd\ fgl hj]n]fl l`] j]d]nYfl >gjjgo]j ^mf\af_ l`] j]hYqe]fl g^ l`gk] =f[addYjq KmlklYf\af_k af ^mdd Zq oYq g^ Y HgYf, (\) E^ Y HgYf ak eY\] lg j]hYq =f[addYjq KmlklYf\af_k af ^mdd* l`] j]d]nYfl =f[addYjq ?geeale]fl k`Ydd Z] j]\m[]\ lg r]jg, 2)0 AY]YdQdY_^ _^ 6^SY\\Qbi DedcdQ^TY^Wc AY[` >gjjgo]j k`Ydd hjg[mj] l`Yl8 (Y) l`] =f[addYjq KmlklYf\af_k mf\]j Yfq =f[addYjq BY[adalq k`Ydd fgl ]p[]]\ l`] =f[addYjq ?geeale]fl Yhhda[YZd] lg l`Yl =f[addYjq BY[adalq9 Yf\ (Z) af j]dYlagf lg Y Imdla+Y[[gmfl Kn]j\jY^l8 (a) l`] =f[addYjq KmlklYf\af_k k`Ydd fgl ]p[]]\ l`] @]ka_fYl]\ J]l =egmfl Yhhda[YZd] lg l`Yl Imdla+Y[[gmfl Kn]j\jY^l9 Yf\ (aa) l`] Cjgkk KmlklYf\af_k k`Ydd fgl ]p[]]\ l`] @]ka_fYl]\ Cjgkk =egmfl Yhhda[YZd] lg l`Yl Imdla+Y[[gmfl Kn]j\jY^l, 2)1 6TZecd]U^d V_b 6^SY\\Qbi ;QSY\YdYUc e`_^ QSSU\UbQdY_^ (Y) Ef l`ak [dYmk] 5,48 (a) "GUf_\fY^W DedcdQ^TY^Wc" e]Yfk* af j]dYlagf lg Y H]f\]j* l`] Y__j]_Yl] g^8 (=) alk hYjla[ahYlagf af ]Y[` HgYf l`]f gmlklYf\af_ (lg_]l`]j oal` l`] Y__j]_Yl] Yegmfl g^ Ydd Y[[jm]\ afl]j]kl* ^]]k Yf\ [geeakkagf go]\ lg al Yk Y H]f\]j mf\]j l`] BY[adalq)9 Yf\ (>) a^ l`] H]f\]j ak Ydkg Yf =f[addYjq H]f\]j* l`] =f[addYjq KmlklYf\af_k af j]kh][l g^ =f[addYjq BY[adala]k hjgna\]\ Zq l`Yl =f[addYjq H]f\]j (gj Zq alk =^^adaYl]) (lg_]l`]j oal` l`] Y__j]_Yl] Yegmfl g^ Ydd Y[[jm]\ afl]j]kl* ^]]k Yf\ [geeakkagf go]\ lg al (gj lg alk =^^adaYl]) Yk Yf =f[addYjq H]f\]j af j]kh][l g^ l`] =f[addYjq BY[adalq)9 Yf\ (aa) "I_dQ\ GUf_\fY^W DedcdQ^TY^Wc" e]Yfk l`] Y__j]_Yl] g^ Ydd N]ngdnaf_ KmlklYf\af_k, (Z) E^ Y fgla[] ak k]jn]\ mf\]j [dYmk] 03,/3 (Acceleration) (gl`]j l`Yf Y fgla[] \][dYjaf_ HgYfk lg Z] \m] gf \]eYf\)* ]Y[` H]f\]j Yf\ ]Y[` =f[addYjq H]f\]j k`Ydd (kmZb][l lg 1;5=487:"2:>69;<6"31-"++,/002%#%%**#(%..#+02'#)0+$)(&//%0. 

 

#/046.26.4n6:=?PERA< + BY[adala]k Y_j]]e]fl + Hmp^]j+ ATA?QPEKJ 33 hYjY_jYh` (_) Z]dgo) hjgehldq Y\bmkl (Zq eYcaf_ gj j][]anaf_ (Yk l`] [Yk] eYq Z]) [gjj]khgf\af_ ljYfk^]jk g^ ja_`lk Yf\ gZda_Ylagfk mf\]j l`] BafYf[] @g[me]flk j]dYlaf_ lg N]ngdnaf_ KmlklYf\af_k) l`]aj [dYaek af j]kh][l g^ Yegmflk gmlklYf\af_ lg l`]e mf\]j l`] BY[adalq Yf\ ]Y[` =f[addYjq BY[adalq lg l`] ]pl]fl f][]kkYjq lg ]fkmj] l`Yl Y^l]j km[` ljYfk^]jk l`] N]ngdnaf_ KmlklYf\af_k g^ ]Y[` H]f\]j Z]Yj l`] kYe] hjghgjlagf lg l`] PglYd N]ngdnaf_ KmlklYf\af_k Yk km[` H]f\]j'k ?geeale]fl Z]Yjk lg l`] PglYd ?geeale]flk* ]Y[` Yk Yl l`] \Yl] l`] fgla[] ak k]jn]\ mf\]j [dYmk] 03,/3 (Acceleration), ([) E^ Yf Yegmfl gmlklYf\af_ mf\]j Yf =f[addYjq BY[adalq ak Y [gflaf_]fl daYZadalq Yf\ l`Yl [gflaf_]fl daYZadalq Z][ge]k Yf Y[lmYd daYZadalq gj ak j]\m[]\ lg r]jg Y^l]j l`] gja_afYd Y\bmkle]fl ak eY\] mf\]j hYjY_jYh` (Z) YZgn]* l`]f ]Y[` H]f\]j Yf\ =f[addYjq H]f\]j oadd eYc] Y ^mjl`]j Y\bmkle]fl (Zq eYcaf_ gj j][]anaf_ (Yk l`] [Yk] eYq Z]) [gjj]khgf\af_ ljYfk^]jk g^ ja_`lk Yf\ gZda_Ylagfk mf\]j l`] BafYf[] @g[me]flk j]dYlaf_ lg N]ngdnaf_ KmlklYf\af_k lg l`] ]pl]fl f][]kkYjq) lg hml l`]ek]dn]k af l`] hgkalagf l`]q ogmd\ `Yn] Z]]f af `Y\ l`] gja_afYd Y\bmkle]fl Z]]f \]l]jeaf]\ Zq j]^]j]f[] lg l`] Y[lmYd daYZadalq gj* Yk l`] [Yk] eYq Z]* r]jg daYZadalq Yf\ fgl l`] [gflaf_]fl daYZadalq, (\) =fq ljYfk^]j g^ ja_`lk Yf\ gZda_Ylagfk j]dYlaf_ lg N]ngdnaf_ KmlklYf\af_k eY\] hmjkmYfl lg l`ak ?dYmk] 5,4 k`Ydd Z] eY\] ^gj Y hmj[`Yk] hja[] af [Yk`* hYqYZd] Yl l`] lae] g^ ljYfk^]j* af Yf Yegmfl ]imYd lg l`gk] N]ngdnaf_ KmlklYf\af_k, (]) Ljagj lg l`] Yhhda[Ylagf g^ l`] hjgnakagfk g^ hYjY_jYh` (Z) YZgn]* Yf =f[addYjq H]f\]j l`Yl `Yk hjgna\]\ Y Imdla+Y[[gmfl Kn]j\jY^l k`Ydd k]l+g^^ Yfq =nYadYZd] ?j]\al >YdYf[] gf Yfq Y[[gmfl [gehjak]\ af l`Yl Imdla+Y[[gmfl Kn]j\jY^l, (^) =dd [Yd[mdYlagfk lg Z] eY\] hmjkmYfl lg l`ak ?dYmk] 5,4 k`Ydd Z] eY\] Zq l`] =_]fl ZYk]\ mhgf af^gjeYlagf hjgna\]\ lg al Zq l`] H]f\]jk Yf\ =f[addYjq H]f\]jk Yf\ l`] =_]fl'k Ohgl NYl] g^ Ap[`Yf_], (_) P`ak ?dYmk] 5,4 k`Ydd fgl gZda_] Yfq H]f\]j lg Y[[]hl l`] ljYfk^]j g^ Y [dYae j]dYlaf_ lg Yf Yegmfl gmlklYf\af_ mf\]j Yf =f[addYjq BY[adalq o`a[` ak fgl \]fgeafYl]\ (hmjkmYfl lg l`] j]d]nYfl BafYf[] @g[me]fl) af \gddYjk gj af Yfgl`]j [mjj]f[q o`a[` ak Y[[]hlYZd] lg l`Yl H]f\]j, 2)2 >^V_b]QdY_^ AY[` >gjjgo]j Yf\ ]Y[` =f[addYjq H]f\]j k`Ydd* hjgehldq mhgf j]im]kl Zq l`] =_]fl* kmhhdq l`] =_]fl oal` Yfq af^gjeYlagf j]dYlaf_ lg l`] gh]jYlagf g^ Yf =f[addYjq BY[adalq (af[dm\af_ l`] =f[addYjq KmlklYf\af_k) Yk l`] =_]fl eYq j]YkgfYZdq j]im]kl ^jge lae] lg lae], AY[` >gjjgo]j [gfk]flk lg Ydd km[` af^gjeYlagf Z]af_ j]d]Yk]\ lg l`] =_]fl Yf\ l`] gl`]j BafYf[] LYjla]k, 2)3 6VVY\YQdUc _V AU^TUbc Qc 6^SY\\Qbi AU^TUbc (Y) OmZb][l lg l`] l]jek g^ l`ak =_j]]e]fl* Yf =^^adaYl] g^ Y H]f\]j eYq Z][ge] Yf =f[addYjq H]f\]j, Ef km[` [Yk]* gl`]j l`Yf ^gj l`] hmjhgk]k g^ [dYmk] /3 (Tax gross-up  and indemnities) Yf\ [dYmk] 04 (Changes to the Lenders)* l`] H]f\]j Yf\ alk =^^adaYl] k`Ydd Z] lj]Yl]\ Yk Y kaf_d] H]f\]j o`gk] ?geeale]fl ak l`] Yegmfl k]l gml ghhgkal] l`] j]d]nYfl H]f\]j'k fYe] af hYjl 0 g^ k[`]\md] / (The Original Parties) Yf\-gj l`] Yegmfl g^ Yfq ?geeale]flk ljYfk^]jj]\ lg gj Ykkme]\ Zq l`Yl H]f\]j mf\]j l`ak =_j]]e]fl* lg l`] ]pl]fl (af ]Y[` [Yk]) fgl [Yf[]dd]\* j]\m[]\ gj ljYfk^]jj]\ Zq al mf\]j l`ak =_j]]e]fl, 1;5=487:"2:>69;<6"31-"++,/002%#%%**#(%..#+02'#)0+$)(&//%0. 

 

#/046.26.4n6:=?PERA< + BY[adala]k Y_j]]e]fl + Hmp^]j+ ATA?QPEKJ 34 (Z) P`] ?gehYfq k`Ydd kh][a^q Yfq j]d]nYfl =^^adaYl] g^ Y H]f\]j af Yfq fgla[] \]dan]j]\ Zq l`] ?gehYfq lg l`] =_]fl hmjkmYfl lg hYjY_jYh` (Z)(a) g^ ?dYmk] 5,0 (Availability), ([) E^ Y H]f\]j Ykka_fk Ydd g^ alk ja_`lk Yf\ Z]f]^alk gj ljYfk^]jk Ydd g^ alk ja_`lk Yf\ gZda_Ylagfk lg Y J]o H]f\]j* alk =^^adaYl] k`Ydd []Yk] lg `Yn] Yfq gZda_Ylagfk mf\]j l`ak =_j]]e]fl gj Yfq =f[addYjq @g[me]fl, (\) S`]j] l`ak =_j]]e]fl gj Yfq gl`]j BafYf[] @g[me]fl aehgk]k Yf gZda_Ylagf gf Yf =f[addYjq H]f\]j Yf\ l`] j]d]nYfl =f[addYjq H]f\]j ak Yf =^^adaYl] g^ Y H]f\]j o`a[` ak fgl Y hYjlq lg l`Yl \g[me]fl* l`] j]d]nYfl H]f\]j k`Ydd ]fkmj] l`Yl l`] gZda_Ylagf ak h]j^gje]\ Zq alk =^^adaYl], 2)4 6VVY\YQdUc _V 7_bb_gUbc (Y) OmZb][l lg l`] l]jek g^ l`ak =_j]]e]fl* Yf =^^adaYl] g^ Y >gjjgo]j eYq oal` l`] YhhjgnYd g^ l`] j]d]nYfl H]f\]j Z][ge] Y Zgjjgo]j oal` j]kh][l lg Yf =f[addYjq BY[adalq, (Z) P`] ?gehYfq k`Ydd kh][a^q Yfq j]d]nYfl =^^adaYl] g^ Y >gjjgo]j af Yfq fgla[] \]dan]j]\ Zq l`] ?gehYfq lg l`] =_]fl hmjkmYfl lg hYjY_jYh` (Z)(a) g^ [dYmk] 5,0 (Availability), ([) E^ Y >gjjgo]j []Yk]k lg Z] Y >gjjgo]j mf\]j l`ak =_j]]e]fl af Y[[gj\Yf[] oal` [dYmk] 05 (Changes to the Obligors)* alk =^^adaYl] k`Ydd []Yk] lg `Yn] Yfq ja_`lk mf\]j l`ak =_j]]e]fl gj Yfq =f[addYjq @g[me]fl, (\) S`]j] l`ak =_j]]e]fl gj Yfq gl`]j BafYf[] @g[me]fl aehgk]k Yf gZda_Ylagf gf Y >gjjgo]j mf\]j Yf =f[addYjq BY[adalq Yf\ l`] j]d]nYfl >gjjgo]j ak Yf =^^adaYl] g^ Y >gjjgo]j o`a[` ak fgl Y hYjlq lg l`Yl \g[me]fl* l`] j]d]nYfl >gjjgo]j k`Ydd ]fkmj] l`Yl l`] gZda_Ylagf ak h]j^gje]\ Zq alk =^^adaYl], (]) =fq j]^]j]f[] af l`ak =_j]]e]fl gj Yfq gl`]j BafYf[] @g[me]fl lg Y >gjjgo]j Z]af_ mf\]j fg gZda_Ylagfk (o`]l`]j Y[lmYd gj [gflaf_]fl) Yk Y >gjjgo]j mf\]j km[` BafYf[] @g[me]fl k`Ydd Z] [gfkljm]\ lg af[dm\] Y j]^]j]f[] lg Yfq =^^adaYl] g^ Y >gjjgo]j Z]af_ mf\]j fg gZda_Ylagfk mf\]j Yfq BafYf[] @g[me]fl gj =f[addYjq @g[me]fl, 2),+ 8_]]Yd]U^d Q]_e^dc Jgloal`klYf\af_ Yfq gl`]j l]je g^ l`ak =_j]]e]fl* ]Y[` H]f\]j k`Ydd ]fkmj] l`Yl Yl Ydd lae]k alk ?geeale]fl ak fgl d]kk l`Yf8 (Y) alk =f[addYjq ?geeale]fl9 gj (Z) l`] =f[addYjq ?geeale]fl g^ alk =^^adaYl], 2),, 6]U^T]U^dc Q^T LQYfUbc k 6^SY\\Qbi ;QSY\YdYUc Jg Ye]f\e]fl gj oYan]j g^ Y l]je g^ Yfq =f[addYjq BY[adalq k`Ydd j]imaj] l`] [gfk]fl g^ Yfq BafYf[] LYjlq gl`]j l`Yf l`] j]d]nYfl =f[addYjq H]f\]j mfd]kk km[` Ye]f\e]fl gj oYan]j alk]d^ j]dYl]k lg gj _an]k jak] lg Y eYll]j o`a[` ogmd\ j]imaj] Yf Ye]f\e]fl g^ gj mf\]j l`ak =_j]]e]fl (af[dm\af_* ^gj l`] Ynga\Yf[] g^ \gmZl* mf\]j l`ak [dYmk] 5,//), Ef km[` Y [Yk]* [dYmk] 15 (Amendments and Waivers) oadd Yhhdq, 1;5=487:"2:>69;<6"31-"++,/002%#%%**#(%..#+02'#)0+$)(&//%0. 

 

#/046.26.4n6:=?PERA< + BY[adala]k Y_j]]e]fl + Hmp^]j+ ATA?QPEKJ 35 2),- 8_^dY^eQdY_^ _V 6^SY\\Qbi ;QSY\YdYUc (Y) AY[` =f[addYjq BY[adalq k`Ydd Z] hj]hYa\ Yf\ [Yf[]dd]\ gf l`] P]jeafYlagf @Yl] (gj km[` ]Yjda]j \Yl] af Y[[gj\Yf[] oal` l`ak =_j]]e]fl)* hjgna\]\ l`Yl Y >gjjgo]j Yf\ Yf =f[addYjq H]f\]j eYq* Yk Z]lo]]f l`]ek]dn]k gfdq* Y_j]] l`Yl Yfq =f[addYjq BY[adala]k oadd [gflafm] lg j]eYaf YnYadYZd] gf Y ZadYl]jYd ZYkak ^gddgoaf_ l`] P]jeafYlagf @Yl] Yhhda[YZd] lg l`] BY[adalq gj* Yk l`] [Yk] eYq Z]* l`] \Yl] l`] ?geeale]flk Yj] gl`]joak] [Yf[]dd]\ mf\]j l`ak =_j]]e]fl, (Z) E^ Yfq YjjYf_]e]fl [gfl]ehdYl]\ af hYjY_jYh` (Y) YZgn] ak lg g[[mj* ]Y[` j]d]nYfl >gjjgo]j Yf\ l`] =f[addYjq H]f\]j k`Ydd ]Y[` [gf^aje l`Yl lg Z] l`] [Yk] af ojalaf_ lg l`] =_]fl, Qhgf km[` P]jeafYlagf @Yl] gj* Yk l`] [Yk] eYq Z]* \Yl] g^ [Yf[]ddYlagf* Yfq km[` ^Y[adalq k`Ydd [gflafm] Yk Z]lo]]f l`] kYa\ ]flala]k gf Y ZadYl]jYd ZYkak Yf\ fgl Yk hYjl g^* gj mf\]j* l`] BafYf[] @g[me]flk, OYn] ^gj Yfq ja_`lk Yf\ gZda_Ylagfk Y_Yafkl Yfq BafYf[] LYjlq mf\]j l`] BafYf[] @g[me]flk Yjakaf_ hjagj lg km[` P]jeafYlagf @Yl] gj* Yk l`] [Yk] eYq Z]* \Yl] g^ [Yf[]ddYlagf* fg km[` ja_`lk gj gZda_Ylagfk af j]kh][l g^ km[` =f[addYjq BY[adalq k`Ydd* Yk Z]lo]]f l`] BafYf[] LYjla]k* [gflafm], H:8I>DC / G:E6NB:CI' EG:E6NB:CI 6C9 86C8:AA6I>DC 3) G:E6NB:CI 3), GU`Qi]U^d _V A_Q^c (Y) AY[` >gjjgo]j o`a[` `Yk \jYof Y HgYf k`Ydd j]hYq l`Yl HgYf gf l`] dYkl \Yq g^ alk Efl]j]kl L]jag\, (Z) Sal`gml hj]bm\a[] lg ]Y[` >gjjgo]j'k gZda_Ylagf mf\]j [dYmk] 6,/(Y)* a^8 (a) gf] gj egj] HgYfk Yj] lg Z] eY\] YnYadYZd] lg Y >gjjgo]j8 (=) gf l`] kYe] \Yq l`Yl Y eYlmjaf_ HgYf ak \m] lg Z] j]hYa\ Zq l`Yl >gjjgo]j9 (>) af l`] kYe] [mjj]f[q Yk l`] eYlmjaf_ HgYf (mfd]kk al Yjgk] Yk Y j]kmdl g^ l`] gh]jYlagf g^ [dYmk] 4,0 (Unavailability of a currency))9 Yf\ (?) af o`gd] gj af hYjl ^gj l`] hmjhgk] g^ j]^afYf[af_ l`] eYlmjaf_ HgYf9 Yf\ (aa) l`] hjghgjlagf Zgjf] Zq ]Y[` H]f\]j'k hYjla[ahYlagf af l`] eYlmjaf_ HgYf lg l`] Yegmfl g^ l`Yl eYlmjaf_ HgYf ak l`] kYe] Yk l`] hjghgjlagf Zgjf] Zq l`Yl H]f\]j'k hYjla[ahYlagf af l`] f]o HgYfk lg l`] Y__j]_Yl] Yegmfl g^ l`gk] f]o HgYfk* l`] Y__j]_Yl] Yegmfl g^ l`] f]o HgYfk k`Ydd* mfd]kk l`] ?gehYfq fgla^a]k l`] =_]fl lg l`] [gfljYjq af l`] j]d]nYfl QladakYlagf N]im]kl* Z] lj]Yl]\ Yk a^ Yhhda]\ af gj lgoYj\k j]hYqe]fl g^ l`] eYlmjaf_ HgYf kg l`Yl8 (@) a^ l`] Yegmfl g^ l`] eYlmjaf_ HgYf ]p[]]\k l`] Y__j]_Yl] Yegmfl g^ l`] f]o HgYfk8 1;5=487:"2:>69;<6"31-"++,/002%#%%**#(%..#+02'#)0+$)(&//%0. 

 

#/046.26.4n6:=?PERA< + BY[adala]k Y_j]]e]fl + Hmp^]j+ ATA?QPEKJ 36 (/) l`] j]d]nYfl >gjjgo]j oadd gfdq Z] j]imaj]\ lg eYc] Y hYqe]fl mf\]j [dYmk] 1/,/ (Payments to the Agent) af Yf Yegmfl af l`] j]d]nYfl [mjj]f[q ]imYd lg l`Yl ]p[]kk9 Yf\ (0) ]Y[` H]f\]j'k hYjla[ahYlagf af l`] f]o HgYfk k`Ydd Z] lj]Yl]\ Yk `Ynaf_ Z]]f eY\] YnYadYZd] Yf\ Yhhda]\ Zq l`] >gjjgo]j af gj lgoYj\k j]hYqe]fl g^ l`Yl H]f\]j'k hYjla[ahYlagf af l`] eYlmjaf_ HgYf Yf\ l`Yl H]f\]j oadd fgl Z] j]imaj]\ lg eYc] Y hYqe]fl mf\]j [dYmk] 1/,/ (Payments to the Agent) af j]kh][l g^ alk hYjla[ahYlagf af l`] f]o HgYfk9 Yf\ (A) a^ l`] Yegmfl g^ l`] eYlmjaf_ HgYf ak ]imYd lg gj d]kk l`Yf l`] Y__j]_Yl] Yegmfl g^ l`] f]o HgYfk8 (/) l`] j]d]nYfl >gjjgo]j oadd fgl Z] j]imaj]\ lg eYc] Y hYqe]fl mf\]j [dYmk] 1/,/ (Payments to the Agent)9 Yf\ (0) ]Y[` H]f\]j oadd Z] j]imaj]\ lg eYc] Y hYqe]fl mf\]j [dYmk] 1/,/ (Payments to the Agent) af j]kh][l g^ alk hYjla[ahYlagf af l`] f]o HgYfk gfdq lg l`] ]pl]fl l`Yl alk hYjla[ahYlagf af l`] f]o HgYfk ]p[]]\k l`Yl H]f\]j'k hYjla[ahYlagf af l`] eYlmjaf_ HgYf Yf\ l`] j]eYaf\]j g^ l`Yl H]f\]j'k hYjla[ahYlagf af l`] f]o HgYfk k`Ydd Z] lj]Yl]\ Yk `Ynaf_ Z]]f eY\] YnYadYZd] Yf\ Yhhda]\ Zq l`] >gjjgo]j af gj lgoYj\k j]hYqe]fl g^ l`Yl H]f\]j'k hYjla[ahYlagf af l`] eYlmjaf_ HgYf, 4) EG:E6NB:CI 6C9 86C8:AA6I>DC 4), >\\UWQ\Ydi E^* af Yfq Yhhda[YZd] bmjak\a[lagf* al Z][ge]k mfdYo^md ^gj Yfq H]f\]j lg h]j^gje Yfq g^ alk gZda_Ylagfk Yk [gfl]ehdYl]\ Zq l`ak =_j]]e]fl gj lg ^mf\ gj eYaflYaf alk hYjla[ahYlagf af Yfq HgYf gj al Z][ge]k mfdYo^md ^gj Yfq =^^adaYl] g^ Y H]f\]j ^gj l`Yl H]f\]j lg \g kg8 (Y) l`Yl H]f\]j k`Ydd hjgehldq fgla^q l`] =_]fl mhgf Z][geaf_ YoYj] g^ l`Yl ]n]fl9 (Z) mhgf l`] =_]fl fgla^qaf_ l`] ?gehYfq* l`] =nYadYZd] ?geeale]fl g^ l`Yl H]f\]j oadd Z] aee]\aYl]dq [Yf[]dd]\9 Yf\ ([) lg l`] ]pl]fl l`Yl l`] H]f\]j'k hYjla[ahYlagf `Yk fgl Z]]f ljYfk^]jj]\ hmjkmYfl lg [dYmk] 7,3(\)* ]Y[` >gjjgo]j k`Ydd j]hYq l`Yl H]f\]j'k hYjla[ahYlagf af l`] HgYfk eY\] lg l`Yl >gjjgo]j gf l`] dYkl \Yq g^ l`] Efl]j]kl L]jag\ ^gj ]Y[` HgYf g[[mjjaf_ Y^l]j l`] =_]fl `Yk fgla^a]\ l`] ?gehYfq gj* a^ ]Yjda]j* l`] \Yl] kh][a^a]\ Zq l`] H]f\]j af l`] fgla[] \]dan]j]\ lg l`] =_]fl (Z]af_ fg ]Yjda]j l`Yf l`] dYkl \Yq g^ Yfq Yhhda[YZd] _jY[] h]jag\ h]jeall]\ Zq dYo) Yf\ l`] H]f\]j'k [gjj]khgf\af_ ?geeale]fl k`Ydd Z] aee]\aYl]dq [Yf[]dd]\ af l`] Yegmfl g^ l`] hYjla[ahYlagfk j]hYa\, 1;5=487:"2:>69;<6"31-"++,/002%#%%**#(%..#+02'#)0+$)(&//%0. 

 

#/046.26.4n6:=?PERA< + BY[adala]k Y_j]]e]fl + Hmp^]j+ ATA?QPEKJ 37 4)- 8XQ^WU _V S_^db_\ (Y) E^ Yfq h]jkgf gj _jgmh g^ h]jkgfk Y[laf_ af [gf[]jl _Yafk [gfljgd g^ l`] ?gehYfq8 (a) l`] ?gehYfq k`Ydd hjgehldq fgla^q l`] =_]fl mhgf Z][geaf_ YoYj] g^ l`Yl ]n]fl9 (aa) Y H]f\]j k`Ydd fgl Z] gZda_]\ lg ^mf\ Y QladakYlagf (]p[]hl ^gj Y Ngddgn]j HgYf)9 Yf\ (aaa) a^ Y H]f\]j kg j]imaj]k Yf\ fgla^a]k l`] =_]fl oal`af 1. \Yqk g^ l`] ?gehYfq fgla^qaf_ l`] =_]fl g^ l`] ]n]fl* l`] =_]fl k`Ydd* Zq fgl d]kk l`Yf 1. \Yqk' fgla[] lg l`] ?gehYfq* [Yf[]d l`] =nYadYZd] ?geeale]fl g^ l`Yl H]f\]j Yf\ \][dYj] l`] hYjla[ahYlagf g^ l`Yl H]f\]j af Ydd HgYfk* lg_]l`]j oal` Y[[jm]\ afl]j]kl* Yf\ Ydd gl`]j Yegmflk Y[[jm]\ gj gmlklYf\af_ mf\]j l`] BafYf[] @g[me]flk aee]\aYl]dq \m] Yf\ hYqYZd]* o`]j]mhgf km[` =nYadYZd] ?geeale]flk oadd Z] aee]\aYl]dq [Yf[]dd]\* l`] BY[adalq af j]kh][l g^ l`Yl H]f\]j k`Ydd aee]\aYl]dq []Yk] lg Z] YnYadYZd] ^gj ^mjl`]j mladakYlagf Yf\ Ydd km[` HgYfk* Y[[jm]\ afl]j]kl Yf\ gl`]j Yegmflk k`Ydd Z][ge] aee]\aYl]dq \m] Yf\ hYqYZd], (Z) Bgj l`] hmjhgk] g^ [dYmk] 7,0(Y) "S_^db_\" e]Yfk8 (a) l`] hgo]j (o`]l`]j Zq oYq g^ gof]jk`ah g^ k`Yj]k* hjgpq* [gfljY[l* Y_]f[q gj gl`]joak]) lg8 (=) [Ykl* gj [gfljgd l`] [Yklaf_ g^* egj] l`Yf 3.% g^ l`] eYpaeme fmeZ]j g^ ngl]k l`Yl ea_`l Z] [Ykl Yl Y _]f]jYd e]]laf_ g^ l`] ?gehYfq9 gj (>) Yhhgafl gj j]egn] Ydd* gj l`] eYbgjalq* g^ l`] \aj][lgjk gj gl`]j ]imanYd]fl g^^a[]jk g^ l`] ?gehYfq9 gj (?) _an] \aj][lagfk oal` j]kh][l lg l`] gh]jYlaf_ Yf\ ^afYf[aYd hgda[a]k g^ l`] ?gehYfq oal` o`a[` l`] \aj][lgjk gj gl`]j ]imanYd]fl g^^a[]jk g^ l`] ?gehYfq Yj] gZda_]\ lg [gehdq9 gj (aa) l`] `gd\af_ Z]f]^a[aYddq g^ egj] l`Yf 3.% g^ l`] akkm]\ k`Yj] [YhalYd g^ l`] ?gehYfq (]p[dm\af_ Yfq hYjl g^ l`Yl akkm]\ k`Yj] [YhalYd l`Yl [Yjja]k fg ja_`l lg hYjla[ahYl] Z]qgf\ Y kh][a^a]\ Yegmfl af Y \akljaZmlagf g^ ]al`]j hjg^alk gj [YhalYd)9 Yf\ ([) Bgj l`] hmjhgk] g^ [dYmk] 7,0(Y) "QSdY^W Y^ S_^SUbd" e]Yfk* Y _jgmh g^ h]jkgfk o`g* hmjkmYfl lg Yf Y_j]]e]fl gj mf\]jklYf\af_ (o`]l`]j ^gjeYd gj af^gjeYd)* Y[lan]dq [g+gh]jYl]* l`jgm_` l`] Y[imakalagf* \aj][ldq gj af\aj][ldq* g^ k`Yj]k af l`] ?gehYfq Zq Yfq g^ l`]e* ]al`]j \aj][ldq gj af\aj][ldq* lg gZlYaf gj [gfkgda\Yl] [gfljgd g^ l`] ?gehYfq, 4). K_\e^dQbi SQ^SU\\QdY_^ P`] ?gehYfq eYq* a^ al _an]k l`] =_]fl fgl d]kk l`Yf 3 >mkaf]kk @Yqk' (gj km[` k`gjl]j h]jag\ Yk l`] IYbgjalq H]f\]jk eYq Y_j]]) hjagj fgla[]* [Yf[]d l`] o`gd] gj Yfq hYjl (Z]af_ Y eafaeme Yegmfl g^ $3..*...) g^ l`] =nYadYZd] BY[adalq, =fq [Yf[]ddYlagf mf\]j l`ak [dYmk] 7,1 k`Ydd j]\m[] l`] ?geeale]flk g^ l`] H]f\]jk jYl]YZdq, 1;5=487:"2:>69;<6"31-"++,/002%#%%**#(%..#+02'#)0+$)(&//%0. 

 

#/046.26.4n6:=?PERA< + BY[adala]k Y_j]]e]fl + Hmp^]j+ ATA?QPEKJ 4. 4)/ K_\e^dQbi `bU`Qi]U^d _V A_Q^c (Y) OmZb][l lg hYjY_jYh` (Z) Z]dgo* l`] >gjjgo]j lg o`a[` Y HgYf `Yk Z]]f eY\] eYq* a^ al _an]k l`] =_]fl fgl d]kk l`Yf8 (a) af l`] [Yk] g^ Y P]je NYl] HgYf* ^an] >mkaf]kk @Yqk' (gj km[` k`gjl]j h]jag\ Yk l`] IYbgjalq H]f\]jk eYq Y_j]]) hjagj fgla[]9 gj (aa) af l`] [Yk] g^ Y ?gehgmf\]\ NYl] HgYf* ^an] NBN >Yfcaf_ @Yqk' (gj km[` k`gjl]j h]jag\ Yk l`] IYbgjalq H]f\]jk eYq Y_j]]) hjagj fgla[]* hj]hYq l`] o`gd] gj Yfq hYjl g^ Yfq HgYf (Zml* a^ af hYjl* Z]af_ Yf Yegmfl l`Yl j]\m[]k l`] >Yk] ?mjj]f[q =egmfl g^ l`] HgYf Zq Y eafaeme Yegmfl g^ $3..*...), (Z) P`] >gjjgo]jk eYq fgl hj]hYq ?gehgmf\]\ NYl] HgYfk gf egj] l`Yf ^gmj g[[Ykagfk af Yfq [Yd]f\Yj q]Yj mfd]kk Ydd ?gehgmf\]\ NYl] HgYfk Yj] hj]hYa\ af ^mdd Yf\ l`] ?geeale]flk [Yf[]dd]\, 4)0 GYWXd _V bU`\QSU]U^d _b bU`Qi]U^d Q^T SQ^SU\\QdY_^ Y^ bU\QdY_^ d_ Q cY^W\U AU^TUb (Y) E^8 (a) Yfq kme hYqYZd] lg Yfq H]f\]j Zq Yf KZda_gj ak j]imaj]\ lg Z] af[j]Yk]\ mf\]j [dYmk] /3,0([) (Tax gross-up)9 gj (aa) Yfq H]f\]j [dYaek af\]efa^a[Ylagf ^jge l`] ?gehYfq mf\]j [dYmk] /3,1 (Tax  indemnity) gj [dYmk] /4,/ (Increased Costs) gj Yfq H]f\]j eYc]k Y fgla^a[Ylagf lg l`] =_]fl mf\]j [dYmk] /1,1 (Market disruption)* l`] ?gehYfq eYq* o`adkl l`] [aj[meklYf[] _anaf_ jak] lg l`] j]imaj]e]fl ^gj l`Yl af[j]Yk] gj af\]efa^a[Ylagf [gflafm]k* _an] l`] =_]fl fgla[] g^ [Yf[]ddYlagf g^ l`] ?geeale]fl g^ l`Yl H]f\]j Yf\ alk afl]flagf lg hjg[mj] l`] j]hYqe]fl g^ l`Yl H]f\]j'k hYjla[ahYlagf af l`] HgYfk gj _an] l`] =_]fl fgla[] g^ alk afl]flagf lg j]hdY[] l`Yl H]f\]j af Y[[gj\Yf[] oal` [dYmk] 7,3(\), (Z) Kf j][]ahl g^ Y fgla[] g^ [Yf[]ddYlagf j]^]jj]\ lg af [dYmk] 7,3(Y)* l`] =nYadYZd] ?geeale]fl g^ l`Yl H]f\]j k`Ydd Z] aee]\aYl]dq j]\m[]\ lg r]jg, ([) Kf l`] dYkl \Yq g^ ]Y[` Efl]j]kl L]jag\ o`a[` ]f\k Y^l]j l`] ?gehYfq `Yk _an]f fgla[] g^ [Yf[]ddYlagf mf\]j [dYmk] 7,3(Y) (gj* a^ ]Yjda]j* l`] \Yl] kh][a^a]\ Zq l`] ?gehYfq af l`Yl fgla[])* ]Y[` >gjjgo]j lg o`a[` Y HgYf ak gmlklYf\af_ k`Ydd j]hYq l`Yl H]f\]j'k hYjla[ahYlagf af l`Yl HgYf Yf\ l`Yl H]f\]j'k [gjj]khgf\af_ ?geeale]fl k`Ydd Z] aee]\aYl]dq [Yf[]dd]\ af l`] Yegmfl g^ l`] hYjla[ahYlagfk j]hYa\, (\) E^8 (a) Yfq g^ l`] [aj[meklYf[]k k]l gml af [dYmk] 7,3(Y) Yhhdq lg Y H]f\]j9 gj (aa) Yf KZda_gj Z][ge]k gZda_]\ lg hYq Yfq Yegmfl af Y[[gj\Yf[] oal` [dYmk] 7,/ (Illegality) lg Yfq H]f\]j* l`] ?gehYfq eYq gf /. >mkaf]kk @Yqk' hjagj fgla[] lg l`] =_]fl Yf\ l`Yl H]f\]j* j]hdY[] l`Yl H]f\]j Zq j]imajaf_ l`Yl H]f\]j lg (Yf\* lg l`] ]pl]fl h]jeall]\ Zq dYo* l`Yl H]f\]j k`Ydd) ljYfk^]j hmjkmYfl lg [dYmk] 04 (Changes to the Lenders) Ydd (Yf\ fgl 1;5=487:"2:>69;<6"31-"++,/002%#%%**#(%..#+02'#)0+$)(&//%0. 

 

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#/046.26.4n6:=?PERA< + BY[adala]k Y_j]]e]fl + Hmp^]j+ ATA?QPEKJ 40 ([) Qfd]kk Y [gfljYjq af\a[Ylagf Yhh]Yjk af l`ak =_j]]e]fl* Yfq hYjl g^ l`] BY[adalq o`a[` ak hj]hYa\ gj j]hYa\ eYq Z] j]Zgjjgo]\ af Y[[gj\Yf[] oal` l`] l]jek g^ l`ak =_j]]e]fl, (\) P`] >gjjgo]jk k`Ydd fgl j]hYq gj hj]hYq Ydd gj Yfq hYjl g^ l`] HgYfk gj [Yf[]d Ydd gj Yfq hYjl g^ l`] ?geeale]flk ]p[]hl Yl l`] lae]k Yf\ af l`] eYff]j ]phj]kkdq hjgna\]\ ^gj af l`ak =_j]]e]fl, (]) OmZb][l lg [dYmk] 0,0 (Increase)* fg Yegmfl g^ l`] PglYd ?geeale]flk [Yf[]dd]\ mf\]j l`ak =_j]]e]fl eYq Z] kmZk]im]fldq j]afklYl]\, (^) E^ l`] =_]fl j][]an]k Y fgla[] mf\]j l`ak [dYmk] 7 al k`Ydd hjgehldq ^gjoYj\ Y [ghq g^ l`Yl fgla[] lg ]al`]j l`] ?gehYfq gj l`] Y^^][l]\ H]f\]j* Yk YhhjghjaYl], (_) E^ Ydd gj hYjl g^ Yfq H]f\]j'k hYjla[ahYlagf af Y HgYf ak j]hYa\ gj hj]hYa\ Yf\ ak fgl YnYadYZd] ^gj j]\jYoaf_ (gl`]j l`Yf Zq gh]jYlagf g^ [dYmk] 2,0 (Further conditions  precedent))* Yf Yegmfl g^ l`Yl H]f\]j'k ?geeale]fl (]imYd lg l`] >Yk] ?mjj]f[q =egmfl g^ l`] Yegmfl g^ l`] hYjla[ahYlagf o`a[` ak j]hYa\ gj hj]hYa\) oadd Z] \]]e]\ lg Z] [Yf[]dd]\ gf l`] \Yl] g^ j]hYqe]fl gj hj]hYqe]fl, 4)3 6``\YSQdY_^ _V `bU`Qi]U^dc =fq hj]hYqe]fl g^ Y HgYf hmjkmYfl lg [dYmk] 7,2 (Voluntary prepayment of Loans) k`Ydd Z] Yhhda]\ hjg jYlY lg ]Y[` H]f\]j'k hYjla[ahYlagf af l`Yl HgYf, H:8I>DC 0 8DHIH D; JI>A>H6I>DCH ,+) GQdU HgYdSX ,+), HgYdSX d_ 8_]`_e^TUT GUVUbU^SU GQdU Kf Yf\ ^jge l`] NYl] Ooal[` @Yl] ^gj Y NYl] Ooal[` ?mjj]f[q8 (Y) mk] g^ l`] ?gehgmf\]\ N]^]j]f[] NYl] oadd j]hdY[] l`] mk] g^ l`] P]je N]^]j]f[] NYl] ^gj l`] [Yd[mdYlagf g^ afl]j]kl ^gj HgYfk af l`Yl NYl] Ooal[` ?mjj]f[q9 Yf\ (Z) Yfq HgYf gj QfhYa\ Ome af l`Yl NYl] Ooal[` ?mjj]f[q k`Ydd Z] Y "8_]`_e^TUT GQdU A_Q^" Yf\ [dYmk] //,0 (Calculation of interest – Compounded Rate Loans) k`Ydd Yhhdq lg ]Y[` km[` HgYf gj QfhYa\ Ome, ,+)- 9U\QiUT cgYdSX V_b UhYcdY^W IUb] GQdU A_Q^c E^ l`] NYl] Ooal[` @Yl] ^gj Y NYl] Ooal[` ?mjj]f[q ^Yddk Z]^gj] l`] dYkl \Yq g^ Yf Efl]j]kl L]jag\ ^gj Y P]je NYl] HgYf af l`Yl [mjj]f[q8 (Y) l`Yl HgYf k`Ydd [gflafm] lg Z] Y P]je NYl] HgYf ^gj l`Yl Efl]j]kl L]jag\ Yf\ [dYmk] //,/ (Calculation of interest – Term Rate Loans) k`Ydd [gflafm] lg Yhhdq lg l`Yl HgYf ^gj l`Yl Efl]j]kl L]jag\9 Yf\ (Z) gf Yf\ ^jge l`] ^ajkl \Yq g^ l`] f]pl Efl]j]kl L]jag\ (a^ Yfq) ^gj l`Yl HgYf8 (a) l`Yl HgYf k`Ydd Z] Y "8_]`_e^TUT GQdU A_Q^"9 Yf\ 1;5=487:"2:>69;<6"31-"++,/002%#%%**#(%..#+02'#)0+$)(&//%0. 

 

#/046.26.4n6:=?PERA< + BY[adala]k Y_j]]e]fl + Hmp^]j+ ATA?QPEKJ 41 (aa) [dYmk] //,0 (Calculation of interest – Compounded Rate Loans) k`Ydd Yhhdq lg l`Yl HgYf, ,+). C_dYVYSQdY_^c Ri 6WU^d (Y) Bgddgoaf_ l`] g[[mjj]f[] g^ Y NYl] Ooal[` Pja__]j An]fl ^gj Y NYl] Ooal[` ?mjj]f[q* l`] =_]fl k`Ydd8 (a) hjgehldq mhgf Z][geaf_ YoYj] g^ l`] g[[mjj]f[] g^ l`Yl NYl] Ooal[` Pja__]j An]fl* fgla^q l`] ?gehYfq Yf\ l`] H]f\]jk g^ l`Yl g[[mjj]f[]9 Yf\ (aa) hjgehldq mhgf Z][geaf_ YoYj] g^ l`] \Yl] g^ l`] NYl] Ooal[` Pja__]j An]fl @Yl] Yhhda[YZd] lg l`Yl NYl] Ooal[` Pja__]j An]fl* fgla^q l`] ?gehYfq Yf\ l`] H]f\]jk g^ l`Yl \Yl], (Z) P`] =_]fl k`Ydd* hjgehldq mhgf Z][geaf_ YoYj] g^ l`] g[[mjj]f[] g^ l`] NYl] Ooal[` @Yl] ^gj Y NYl] Ooal[` ?mjj]f[q* fgla^q l`] ?gehYfq Yf\ l`] H]f\]jk g^ l`Yl g[[mjj]f[], ,+)/ GQdU cgYdSX TUVY^YdY_^c Ef l`ak =_j]]e]fl8 "7QS[cd_` GQdU HgYdSX 9QdU" e]Yfk af j]dYlagf lg Y NYl] Ooal[` ?mjj]f[q8 (Y) l`] \Yl] (a^ Yfq) kh][a^a]\ Yk km[` af l`] Yhhda[YZd] N]^]j]f[] NYl] P]jek9 gj (Z) Yfq gl`]j \Yl] Y_j]]\ Yk km[` Z]lo]]f l`] =_]fl* l`] IYbgjalq H]f\]jk Yf\ l`] ?gehYfq af j]dYlagf lg l`Yl [mjj]f[q, "GQdU HgYdSX 8ebbU^Si" e]Yfk Y P]je NYl] ?mjj]f[q8 (Y) o`a[` ak kh][a^a]\ Yk Y "GQdU HgYdSX 8ebbU^Si" af l`] Yhhda[YZd] N]^]j]f[] NYl] P]jek9 Yf\ (Z) ^gj o`a[` l`]j] Yj] N]^]j]f[] NYl] P]jek Yhhda[YZd] lg ?gehgmf\]\ NYl] HgYfk, "GQdU HgYdSX 9QdU" e]Yfk8 (Y) af j]dYlagf lg Y NYl] Ooal[` ?mjj]f[q* l`] ]Yjda]j g^8 (a) l`] >Y[cklgh NYl] Ooal[` @Yl]9 Yf\ (aa) Yfq NYl] Ooal[` Pja__]j An]fl @Yl]* ^gj l`Yl NYl] Ooal[` ?mjj]f[q9 gj (Z) af j]dYlagf lg Y NYl] Ooal[` ?mjj]f[q o`a[`8 (a) Z][ge]k Y NYl] Ooal[` ?mjj]f[q Y^l]j l`] \Yl] g^ l`ak =_j]]e]fl9 Yf\ (aa) ^gj o`a[` l`]j] ak Y \Yl] kh][a^a]\ Yk l`] "GQdU HgYdSX 9QdU" af l`] Yhhda[YZd] N]^]j]f[] NYl] P]jek* 1;5=487:"2:>69;<6"31-"++,/002%#%%**#(%..#+02'#)0+$)(&//%0. 

 

#/046.26.4n6:=?PERA< + BY[adala]k Y_j]]e]fl + Hmp^]j+ ATA?QPEKJ 42 l`Yl \Yl], "GQdU HgYdSX IbYWWUb :fU^d" e]Yfk8 (Y) af j]dYlagf lg Yfq NYl] Ooal[` ?mjj]f[q Yf\ l`] LjaeYjq P]je NYl] Yhhda[YZd] lg HgYfk af l`Yl NYl] Ooal[` ?mjj]f[q8 (a) (=) l`] Y\eafakljYlgj g^ l`Yl LjaeYjq P]je NYl] gj alk kmh]jnakgj hmZda[dq Yffgmf[]k l`Yl km[` Y\eafakljYlgj ak afkgdn]fl9 gj (>) af^gjeYlagf ak hmZdak`]\ af Yfq gj\]j* \][j]]* fgla[]* h]lalagf gj ^adaf_* `go]n]j \]k[jaZ]\* g^ gj ^ad]\ oal` Y [gmjl* ljaZmfYd* ]p[`Yf_]* j]_mdYlgjq Yml`gjalq gj kaeadYj Y\eafakljYlan]* j]_mdYlgjq gj bm\a[aYd Zg\q o`a[` j]YkgfYZdq [gf^ajek l`Yl l`] Y\eafakljYlgj g^ l`Yl LjaeYjq P]je NYl] ak afkgdn]fl* hjgna\]\ l`Yl* af ]Y[` [Yk]* Yl l`Yl lae]* l`]j] ak fg km[[]kkgj Y\eafakljYlgj lg [gflafm] lg hjgna\] l`Yl LjaeYjq P]je NYl]9 (aa) l`] Y\eafakljYlgj g^ l`Yl LjaeYjq P]je NYl] hmZda[dq Yffgmf[]k l`Yl al `Yk []Yk]\ gj oadd []Yk] lg hjgna\] l`Yl LjaeYjq P]je NYl] ^gj Yfq Mmgl]\ P]fgj h]jeYf]fldq gj af\]^afal]dq Yf\* Yl l`Yl lae]* l`]j] ak fg km[[]kkgj Y\eafakljYlgj lg [gflafm] lg hjgna\] l`Yl LjaeYjq P]je NYl] ^gj l`Yl Mmgl]\ P]fgj9 (aaa) l`] kmh]jnakgj g^ l`] Y\eafakljYlgj g^ l`Yl LjaeYjq P]je NYl] hmZda[dq Yffgmf[]k l`Yl km[` LjaeYjq P]je NYl] `Yk Z]]f gj oadd Z] h]jeYf]fldq gj af\]^afal]dq \ak[gflafm]\ ^gj Yfq Mmgl]\ P]fgj9 gj (an) l`] Y\eafakljYlgj g^ l`Yl LjaeYjq P]je NYl] gj alk kmh]jnakgj hmZda[dq Yffgmf[]k l`Yl l`Yl LjaeYjq P]je NYl] ^gj Yfq Mmgl]\ P]fgj eYq fg dgf_]j Z] mk]\9 Yf\ (Z) af j]dYlagf lg l`] LjaeYjq P]je NYl] ^gj ]mjg* l`] kmh]jnakgj g^ l`] Y\eafakljYlgj g^ l`Yl LjaeYjq P]je NYl] hmZda[dq Yffgmf[]k gj hmZdak`]k af^gjeYlagf klYlaf_ l`Yl l`Yl LjaeYjq P]je NYl] ^gj Yfq Mmgl]\ P]fgj ak fg dgf_]j* gj Yk g^ Y kh][a^a]\ ^mlmj] \Yl] oadd fg dgf_]j Z]* j]hj]k]flYlan] g^ l`] mf\]jdqaf_ eYjc]l Yf\ l`] ][gfgea[ j]Ydalq l`Yl al ak afl]f\]\ lg e]Ykmj] Yf\ l`Yl km[` j]hj]k]flYlan]f]kk oadd fgl Z] j]klgj]\ (Yk \]l]jeaf]\ Zq km[` kmh]jnakgj)9 "GQdU HgYdSX IbYWWUb :fU^d 9QdU" e]Yfk* af j]dYlagf lg Y NYl] Ooal[` ?mjj]f[q8 (Y) af l`] [Yk] g^ Yf g[[mjj]f[] g^ Y NYl] Ooal[` Pja__]j An]fl ^gj l`Yl NYl] Ooal[` ?mjj]f[q \]k[jaZ]\ af hYjY_jYh` (Y)(aa) g^ l`] \]^afalagf g^ "GQdU HgYdSX IbYWWUb :fU^d"* l`] \Yl] gf o`a[` l`] j]d]nYfl LjaeYjq P]je NYl] []Yk]k lg Z] hmZdak`]\ gj gl`]joak] Z][ge]k mfYnYadYZd]9 (Z) af l`] [Yk] g^ Yf g[[mjj]f[] g^ Y NYl] Ooal[` Pja__]j An]fl ^gj l`Yl NYl] Ooal[` ?mjj]f[q \]k[jaZ]\ af hYjY_jYh`k (Y)(aa)* (Y)(aaa) gj (Y)(an) g^ l`] \]^afalagf g^ "GQdU HgYdSX IbYWWUb :fU^d"* l`] \Yl] gf o`a[` l`] j]d]nYfl LjaeYjq P]je NYl] ^gj l`] j]d]nYfl Mmgl]\ P]fgj []Yk]k lg Z] hmZdak`]\ gj gl`]joak] Z][ge]k mfYnYadYZd]9 Yf\ 1;5=487:"2:>69;<6"31-"++,/002%#%%**#(%..#+02'#)0+$)(&//%0. 

 

#/046.26.4n6:=?PERA< + BY[adala]k Y_j]]e]fl + Hmp^]j+ ATA?QPEKJ 43 ([) af l`] [Yk] g^ Yf g[[mjj]f[] g^ Y NYl] Ooal[` Pja__]j An]fl ^gj l`Yl NYl] Ooal[` ?mjj]f[q \]k[jaZ]\ af hYjY_jYh` (Z) g^ l`] \]^afalagf g^ "GQdU HgYdSX IbYWWUb :fU^d"* l`] \Yl] gf o`a[` l`] j]d]nYfl LjaeYjq P]je NYl] ^gj l`] j]d]nYfl Mmgl]\ P]fgj []Yk]k lg Z] j]hj]k]flYlan] g^ l`] mf\]jdqaf_ eYjc]l Yf\ l`] ][gfgea[ j]Ydalq l`Yl al ak afl]f\]\ lg e]Ykmj] (Yk \]l]jeaf]\ Zq l`] kmh]jnakgj g^ l`] Y\eafakljYlgj g^ km[` LjaeYjq P]je NYl]), ,,) >CI:G:HI ,,), 8Q\Se\QdY_^ _V Y^dUbUcd k IUb] GQdU A_Q^c P`] jYl] g^ afl]j]kl gf ]Y[` P]je NYl] HgYf ^gj Yf Efl]j]kl L]jag\ ak l`] h]j[]flY_] jYl] h]j Yffme o`a[` ak l`] Y__j]_Yl] g^ l`] Yhhda[YZd]8 (Y) IYj_af9 Yf\ (Z) P]je N]^]j]f[] NYl], ,,)- 8Q\Se\QdY_^ _V Y^dUbUcd k 8_]`_e^TUT GQdU A_Q^c (Y) P`] jYl] g^ afl]j]kl gf ]Y[` ?gehgmf\]\ NYl] HgYf ^gj Yfq \Yq \mjaf_ Yf Efl]j]kl L]jag\ ak l`] h]j[]flY_] jYl] h]j Yffme o`a[` ak l`] Y__j]_Yl] g^ l`] Yhhda[YZd]8 (a) IYj_af9 Yf\ (aa) ?gehgmf\]\ N]^]j]f[] NYl] ^gj l`Yl \Yq, (Z) E^ Yfq \Yq \mjaf_ Yf Efl]j]kl L]jag\ ^gj Y ?gehgmf\]\ NYl] HgYf ak fgl Yf NBN >Yfcaf_ @Yq* l`] jYl] g^ afl]j]kl gf l`Yl ?gehgmf\]\ NYl] HgYf ^gj l`Yl \Yq oadd Z] l`] jYl] Yhhda[YZd] lg l`] aee]\aYl]dq hj][]\af_ NBN >Yfcaf_ @Yq, ,,). EQi]U^d _V Y^dUbUcd P`] >gjjgo]j lg o`a[` Y HgYf `Yk Z]]f eY\] k`Ydd hYq Y[[jm]\ afl]j]kl gf l`Yl HgYf gf l`] dYkl \Yq g^ ]Y[` Efl]j]kl L]jag\, ,,)/ 9UVQe\d Y^dUbUcd (Y) E^ Yf KZda_gj ^Yadk lg hYq Yfq Yegmfl hYqYZd] Zq al mf\]j Y BafYf[] @g[me]fl gf alk \m] \Yl]* afl]j]kl k`Ydd Y[[jm] gf l`] gn]j\m] Yegmfl ^jge l`] \m] \Yl] mh lg l`] \Yl] g^ Y[lmYd hYqe]fl (Zgl` Z]^gj] Yf\ Y^l]j bm\_e]fl) Yl Y jYl] o`a[`* kmZb][l lg [dYmk] //,2(Z)* ak gf] h]j []fl h]j Yffme `a_`]j l`Yf l`] jYl] o`a[` ogmd\ `Yn] Z]]f hYqYZd] a^ l`] gn]j\m] Yegmfl `Y\* \mjaf_ l`] h]jag\ g^ fgf+hYqe]fl* [gfklalml]\ Y HgYf af l`] [mjj]f[q g^ l`] gn]j\m] Yegmfl ^gj km[[]kkan] Efl]j]kl L]jag\k* ]Y[` g^ Y \mjYlagf k]d][l]\ Zq l`] =_]fl (Y[laf_ j]YkgfYZdq), =fq afl]j]kl Y[[jmaf_ mf\]j l`ak [dYmk] //,2 k`Ydd Z] aee]\aYl]dq hYqYZd] Zq l`] KZda_gj gf \]eYf\ Zq l`] =_]fl, (Z) E^ Yfq gn]j\m] Yegmfl [gfkaklk g^ Ydd gj hYjl g^ Y P]je NYl] HgYf Yf\ o`a[` Z][Ye] \m] gf Y \Yq o`a[` oYk fgl l`] dYkl \Yq g^ Yf Efl]j]kl L]jag\ j]dYlaf_ lg l`Yl HgYf8 (a) l`] ^ajkl Efl]j]kl L]jag\ ^gj l`Yl gn]j\m] Yegmfl k`Ydd `Yn] Y \mjYlagf ]imYd lg l`] mf]phaj]\ hgjlagf g^ l`] [mjj]fl Efl]j]kl L]jag\ j]dYlaf_ lg l`Yl HgYf9 Yf\ 1;5=487:"2:>69;<6"31-"++,/002%#%%**#(%..#+02'#)0+$)(&//%0. 

 

#/046.26.4n6:=?PERA< + BY[adala]k Y_j]]e]fl + Hmp^]j+ ATA?QPEKJ 44 (aa) l`] jYl] g^ afl]j]kl Yhhdqaf_ lg l`] gn]j\m] Yegmfl \mjaf_ l`Yl ^ajkl Efl]j]kl L]jag\ k`Ydd Z] gf] h]j []fl h]j Yffme `a_`]j l`Yf l`] jYl] o`a[` ogmd\ `Yn] Yhhda]\ a^ l`] gn]j\m] Yegmfl `Y\ fgl Z][ge] \m], ([) @]^Ymdl afl]j]kl (a^ mfhYa\) Yjakaf_ gf Yf gn]j\m] Yegmfl oadd Z] [gehgmf\]\ oal` l`] gn]j\m] Yegmfl Yl l`] ]f\ g^ ]Y[` Efl]j]kl L]jag\ Yhhda[YZd] lg l`Yl gn]j\m] Yegmfl Zml oadd j]eYaf aee]\aYl]dq \m] Yf\ hYqYZd], ,,)0 C_dYVYSQdY_^c (Y) P`] =_]fl k`Ydd hjgehldq fgla^q l`] j]d]nYfl H]f\]jk Yf\ l`] j]d]nYfl >gjjgo]j g^ l`] \]l]jeafYlagf g^ Y jYl] g^ afl]j]kl j]dYlaf_ lg Y P]je NYl] HgYf, (Z) P`] =_]fl k`Ydd hjgehldq mhgf Y ?gehgmf\]\ NYl] Efl]j]kl LYqe]fl Z]af_ \]l]jeafYZd] fgla^q8 (a) l`] j]d]nYfl >gjjgo]j g^ l`Yl ?gehgmf\]\ NYl] Efl]j]kl LYqe]fl9 (aa) ]Y[` j]d]nYfl H]f\]j g^ l`] hjghgjlagf g^ l`Yl ?gehgmf\]\ NYl] Efl]j]kl LYqe]fl o`a[` j]dYl]k lg l`Yl H]f\]j'k hYjla[ahYlagf af l`] j]d]nYfl ?gehgmf\]\ NYl] HgYf9 Yf\ (aaa) l`] j]d]nYfl H]f\]jk Yf\ l`] j]d]nYfl >gjjgo]j g^8 (=) ]Y[` Yhhda[YZd] jYl] g^ afl]j]kl j]dYlaf_ lg l`] \]l]jeafYlagf g^ l`Yl ?gehgmf\]\ NYl] Efl]j]kl LYqe]fl9 Yf\ (>) lg l`] ]pl]fl al ak l`]f \]l]jeafYZd]* l`] IYjc]l @akjmhlagf NYl] (a^ Yfq) j]dYlaf_ lg l`] j]d]nYfl ?gehgmf\]\ NYl] HgYf, P`ak [dYmk] //,3(Z) k`Ydd fgl Yhhdq lg Yfq ?gehgmf\]\ NYl] Efl]j]kl LYqe]fl \]l]jeaf]\ hmjkmYfl lg [dYmk] /1,2 (Cost of funds), ([) P`] =_]fl k`Ydd hjgehldq fgla^q l`] j]d]nYfl >gjjgo]j g^ ]Y[` Bmf\af_ NYl] j]dYlaf_ lg Y HgYf, (\) P`] =_]fl k`Ydd hjgehldq fgla^q l`] j]d]nYfl H]f\]jk Yf\ l`] j]d]nYfl >gjjgo]j g^ l`] \]l]jeafYlagf g^ Y jYl] g^ afl]j]kl j]dYlaf_ lg Y ?gehgmf\]\ NYl] HgYf lg o`a[` [dYmk] /1,2 (Cost of funds) Yhhda]k, (]) P`ak [dYmk] //,3 k`Ydd fgl j]imaj] l`] =_]fl lg eYc] Yfq fgla^a[Ylagf lg Yfq LYjlq gf Y \Yq o`a[` ak fgl Y >mkaf]kk @Yq, ,,)1 >^dUbUcd GQdU AY]YdQdY_^ Jgloal`klYf\af_ Yfql`af_ lg l`] [gfljYjq [gflYaf]\ af Yfq BafYf[] @g[me]fl* l`] afl]j]kl hYqYZd] Zq Yfq QO KZda_gj mf\]j l`] BafYf[] @g[me]flk k`Ydd fgl ]p[]]\ l`] eYpaeme jYl] g^ fgf+mkmjagmk afl]j]kl h]jeall]\ Zq Yhhda[YZd] QO dYo (l`] "BQhY]e] GQdU"), E^ Yfq BafYf[] LYjlq k`Ydd j][]an] afl]j]kl af Yf Yegmfl l`Yl ]p[]]\k l`] IYpaeme NYl]* l`] ]p[]kk afl]j]kl k`Ydd Z] Yhhda]\ lg l`] hjaf[ahYd g^ l`] gZda_Ylagfk goaf_ Zq km[` QO KZda_gj gj* a^ al ]p[]]\k km[` mfhYa\ hjaf[ahYd* j]^mf\]\ lg km[` QO KZda_gj, 1;5=487:"2:>69;<6"31-"++,/002%#%%**#(%..#+02'#)0+$)(&//%0. 

 

#/046.26.4n6:=?PERA< + BY[adala]k Y_j]]e]fl + Hmp^]j+ ATA?QPEKJ 45 ,-) >CI:G:HI E:G>D9H ,-), HU\USdY_^ _V >^dUbUcd EUbY_Tc (Y) = >gjjgo]j (gj l`] ?gehYfq gf Z]`Yd^ g^ Y >gjjgo]j) eYq k]d][l Yf Efl]j]kl L]jag\ ^gj Y HgYf af l`] QladakYlagf N]im]kl ^gj l`Yl HgYf, (Z) OmZb][l lg l`ak [dYmk] /0* Y >gjjgo]j (gj l`] ?gehYfq) eYq k]d][l Yf Efl]j]kl L]jag\ g^ Yfq h]jag\ kh][a^a]\ af l`] Yhhda[YZd] N]^]j]f[] NYl] P]jek gj g^ Yfq gl`]j h]jag\ Y_j]]\ Z]lo]]f l`] ?gehYfq* l`] =_]fl Yf\ Ydd l`] H]f\]jk af j]dYlagf lg l`] j]d]nYfl HgYf, ([) =f Efl]j]kl L]jag\ ^gj Y HgYf k`Ydd fgl ]pl]f\ Z]qgf\ l`] P]jeafYlagf @Yl], (\) AY[` Efl]j]kl L]jag\ ^gj Y HgYf k`Ydd klYjl gf l`] QladakYlagf @Yl], (]) = HgYf `Yk gf] Efl]j]kl L]jag\ gfdq, (^) Jg Efl]j]kl L]jag\ k`Ydd Z] dgf_]j l`Yf kap Igfl`k, (_) P`] d]f_l` g^ Yf Efl]j]kl L]jag\ g^ Y P]je NYl] HgYf k`Ydd fgl Z] Y^^][l]\ Zq l`Yl P]je NYl] HgYf Z][geaf_ Y "8_]`_e^TUT GQdU A_Q^" ^gj l`Yl Efl]j]kl L]jag\ hmjkmYfl lg [dYmk] /1,/ (Unavailability of Primary Term Rate prior to Rate Switch  Date), ,-)- C_^(7ecY^Ucc 9Qic =fq jmd]k kh][a^a]\ Yk "7ecY^Ucc 9Qi 8_^fU^dY_^c" af l`] Yhhda[YZd] N]^]j]f[] NYl] P]jek ^gj Y HgYf gj QfhYa\ Ome k`Ydd Yhhdq lg ]Y[` Efl]j]kl L]jag\ ^gj l`Yl HgYf gj QfhYa\ Ome, ,.) 8=6C<:H ID I=: 86A8JA6I>DC D; >CI:G:HI ,.), J^QfQY\QRY\Ydi _V EbY]Qbi IUb] GQdU `bY_b d_ GQdU HgYdSX 9QdU (Y) Efl]jhgdYl]\ LjaeYjq P]je NYl] E^ fg LjaeYjq P]je NYl] ak YnYadYZd] ^gj l`] Efl]j]kl L]jag\ g^ Y P]je NYl] HgYf* l`] Yhhda[YZd] P]je N]^]j]f[] NYl] k`Ydd Z] l`] Efl]jhgdYl]\ LjaeYjq P]je NYl] ^gj Y h]jag\ ]imYd af d]f_l` lg l`] Efl]j]kl L]jag\ g^ l`Yl HgYf, (Z) O`gjl]f]\ Efl]j]kl L]jag\ E^ [dYmk] /1,/(Y) (Interpolated Primary Term Rate) Yhhda]k Zml al ak fgl hgkkaZd] lg [Yd[mdYl] l`] Efl]jhgdYl]\ LjaeYjq P]je NYl]* l`] Efl]j]kl L]jag\ g^ l`] HgYf k`Ydd (a^ al ak dgf_]j l`Yf l`] Yhhda[YZd] BYddZY[c Efl]j]kl L]jag\) Z] k`gjl]f]\ lg l`] Yhhda[YZd] BYddZY[c Efl]j]kl L]jag\ Yf\ l`] Yhhda[YZd] P]je N]^]j]f[] NYl] k`Ydd Z] \]l]jeaf]\ hmjkmYfl lg l`] \]^afalagf g^ "IUb] GUVUbU^SU GQdU", ([) O`gjl]f]\ Efl]j]kl L]jag\ Yf\ Daklgja[ LjaeYjq P]je NYl] E^ [dYmk] /1,/(Z) (Shortened Interest Period) Yhhda]k Zml fg LjaeYjq P]je NYl] ak YnYadYZd] ^gj l`] Efl]j]kl L]jag\ g^ l`Yl HgYf Yf\ al ak fgl hgkkaZd] lg [Yd[mdYl] l`] Efl]jhgdYl]\ LjaeYjq P]je NYl]* l`] Yhhda[YZd] P]je N]^]j]f[] NYl] k`Ydd Z] l`] Daklgja[ LjaeYjq P]je NYl] ^gj l`Yl HgYf, 1;5=487:"2:>69;<6"31-"++,/002%#%%**#(%..#+02'#)0+$)(&//%0. 

 

#/046.26.4n6:=?PERA< + BY[adala]k Y_j]]e]fl + Hmp^]j+ ATA?QPEKJ 46 (\) O`gjl]f]\ Efl]j]kl L]jag\ Yf\ Efl]jhgdYl]\ Daklgja[ LjaeYjq P]je NYl] E^ [dYmk] /1,/([) (Shortened Interest Period and Historic Primary Term Rate) Yhhda]k Zml fg Daklgja[ LjaeYjq P]je NYl] ak YnYadYZd] ^gj l`] Efl]j]kl L]jag\ g^ l`] HgYf* l`] Yhhda[YZd] P]je N]^]j]f[] NYl] k`Ydd Z] l`] Efl]jhgdYl]\ Daklgja[ LjaeYjq P]je NYl] ^gj Y h]jag\ ]imYd af d]f_l` lg l`] Efl]j]kl L]jag\ g^ l`Yl HgYf, (]) =dl]jfYlan] P]je NYl] E^ [dYmk] /1,/(\) (Shortened Interest Period and Interpolated Historic Primary Term  Rate)Yhhda]k Zml al ak fgl hgkkaZd] lg [Yd[mdYl] l`] Efl]jhgdYl]\ Daklgja[ LjaeYjq P]je NYl]* l`] Efl]j]kl L]jag\ g^ l`Yl HgYf k`Ydd* a^ al `Yk Z]]f k`gjl]f]\ hmjkmYfl lg [dYmk] /1,/(Z) (Shortened Interest Period)* j]n]jl lg alk hj]nagmk d]f_l` Yf\ l`] Yhhda[YZd] P]je N]^]j]f[] NYl] k`Ydd Z] l`] Y__j]_Yl] g^8 (a) l`] =dl]jfYlan] P]je NYl] Yk g^ l`] MmglYlagf Pae] ^gj Y h]jag\ ]imYd af d]f_l` lg l`] Efl]j]kl L]jag\ g^ l`Yl HgYf9 Yf\ (aa) Yfq Yhhda[YZd] =dl]jfYlan] P]je NYl] =\bmkle]fl, (^) Efl]jhgdYl]\ =dl]jfYlan] P]je NYl] E^ [dYmk] /1,/(]) (Alternative Term Rate) Yhhda]k Zml fg =dl]jfYlan] P]je NYl] ak YnYadYZd] ^gj l`] Efl]j]kl L]jag\ g^ l`Yl HgYf* l`] Yhhda[YZd] P]je N]^]j]f[] NYl] k`Ydd Z] l`] Y__j]_Yl] g^8 (a) l`] Efl]jhgdYl]\ =dl]jfYlan] P]je NYl] ^gj Y h]jag\ ]imYd af d]f_l` lg l`] Efl]j]kl L]jag\ g^ l`Yl HgYf9 Yf\ (aa) Yfq Yhhda[YZd] =dl]jfYlan] P]je NYl] =\bmkle]fl, (_) ?gehgmf\]\ N]^]j]f[] NYl] gj [gkl g^ ^mf\k E^ [dYmk] /1,/(^) (Interpolated Alternative Term Rate) Yhhda]k Zml al ak fgl hgkkaZd] lg [Yd[mdYl] l`] Efl]jhgdYl]\ =dl]jfYlan] P]je NYl] l`]f8 (a) a^ "Compounded Reference Rate will apply as a fallback" ak kh][a^a]\ af l`] N]^]j]f[] NYl] P]jek ^gj l`Yl HgYf Yf\ l`]j] Yj] N]^]j]f[] NYl] P]jek Yhhda[YZd] lg ?gehgmf\]\ NYl] HgYfk af l`] j]d]nYfl [mjj]f[q8 (=) l`]j] k`Ydd Z] fg P]je N]^]j]f[] NYl] ^gj l`Yl HgYf ^gj l`Yl Efl]j]kl L]jag\ Yf\ [dYmk] //,/ (Calculation of interest – Term Rate Loans) oadd fgl Yhhdq lg l`Yl HgYf ^gj l`Yl Efl]j]kl L]jag\9 Yf\ (>) l`Yl HgYf k`Ydd Z] Y "?gehgmf\]\ NYl] HgYf" ^gj l`Yl Efl]j]kl L]jag\ Yf\ [dYmk] //,0 (Calculation of interest – Compounded Rate Loans) k`Ydd Yhhdq lg l`Yl HgYf ^gj l`Yl Efl]j]kl L]jag\9 Yf\ (aa) a^8 (=) "Compounded Reference Rate will not apply as a fallback"9 Yf\ (>) "Cost of funds will apply as a fallback"* 1;5=487:"2:>69;<6"31-"++,/002%#%%**#(%..#+02'#)0+$)(&//%0. 

 

#/046.26.4n6:=?PERA< + BY[adala]k Y_j]]e]fl + Hmp^]j+ ATA?QPEKJ 47 Yj] kh][a^a]\ af l`] N]^]j]f[] NYl] P]jek ^gj l`Yl HgYf* [dYmk] /1,2 (Cost of  funds) k`Ydd Yhhdq lg l`Yl HgYf ^gj l`Yl Efl]j]kl L]jag\, ,.)- >^dUbUcd SQ\Se\QdY_^ YV ^_ G;G _b 8U^dbQ\ 7Q^[ GQdU E^8 (Y) l`]j] ak fg Yhhda[YZd] NBN gj ?]fljYd >Yfc NYl] ^gj l`] hmjhgk]k g^ [Yd[mdYlaf_ l`] @Yadq Jgf+?memdYlan] ?gehgmf\]\ NBN NYl] ^gj Yf NBN >Yfcaf_ @Yq \mjaf_ Yf Efl]j]kl L]jag\ ^gj Y ?gehgmf\]\ NYl] HgYf9 Yf\ (Z) "Cost of funds will apply as a fallback" ak kh][a^a]\ af l`] N]^]j]f[] NYl] P]jek ^gj l`Yl HgYf* [dYmk] /1,2 (Cost of funds) k`Ydd Yhhdq lg l`Yl HgYf ^gj l`Yl Efl]j]kl L]jag\, ,.). BQb[Ud TYcbe`dY_^ E^8 (Y) Y IYjc]l @akjmhlagf NYl] ak kh][a^a]\ af l`] N]^]j]f[] NYl] P]jek ^gj Y HgYf9 Yf\ (Z) Z]^gj] l`] N]hgjlaf_ Pae] ^gj l`Yl HgYf l`] =_]fl j][]an]k fgla^a[Ylagfk ^jge Y H]f\]j gj H]f\]jk (o`gk] hYjla[ahYlagfk af l`Yl HgYf ]p[]]\ 13 h]j []fl g^ l`Yl HgYf) l`Yl alk [gkl g^ ^mf\k j]dYlaf_ lg alk hYjla[ahYlagf af l`Yl HgYf ogmd\ Z] af ]p[]kk g^ l`Yl IYjc]l @akjmhlagf NYl]* l`]f [dYmk] /1,2 (Cost of funds) k`Ydd Yhhdq lg l`Yl HgYf ^gj l`] j]d]nYfl Efl]j]kl L]jag\, ,.)/ 8_cd _V Ve^Tc (Y) E^ l`ak [dYmk] /1,2 Yhhda]k lg Y HgYf ^gj Yf Efl]j]kl L]jag\ f]al`]j [dYmk] //,/ (Calculation of interest) fgj [dYmk] //,0 (Calculation of interest – Compounded Rate  Loans) k`Ydd Yhhdq lg l`Yl HgYf ^gj l`Yl Efl]j]kl L]jag\ Yf\ l`] jYl] g^ afl]j]kl gf ]Y[` H]f\]j'k k`Yj] g^ l`Yl HgYf ^gj l`Yl Efl]j]kl L]jag\ k`Ydd Z] l`] h]j[]flY_] jYl] h]j Yffme o`a[` ak l`] kme g^8 (a) l`] Yhhda[YZd] IYj_af9 Yf\ (aa) l`] jYl] fgla^a]\ lg l`] =_]fl Zq l`Yl H]f\]j Yk kggf Yk hjY[la[YZd] Yf\ af Yfq ]n]fl Zq l`] N]hgjlaf_ Pae] ^gj l`Yl HgYf* lg Z] l`Yl o`a[` ]phj]kk]k Yk Y h]j[]flY_] jYl] h]j Yffme alk [gkl g^ ^mf\k j]dYlaf_ lg alk hYjla[ahYlagf af l`Yl HgYf, (Z) E^ l`ak [dYmk] /1,2 Yhhda]k Yf\ l`] =_]fl gj l`] ?gehYfq kg j]imaj]k* l`] =_]fl Yf\ l`] ?gehYfq k`Ydd ]fl]j aflg f]_glaYlagfk (^gj Y h]jag\ g^ fgl egj] l`Yf 1. \Yqk) oal` Y na]o lg Y_j]]af_ Y kmZklalml] ZYkak ^gj \]l]jeafaf_ l`] jYl] g^ afl]j]kl, ([) =fq Ydl]jfYlan] ZYkak Y_j]]\ hmjkmYfl lg [dYmk] /1,2(Z) k`Ydd* oal` l`] hjagj [gfk]fl g^ Ydd l`] H]f\]jk Yf\ l`] ?gehYfq* Z] Zaf\af_ gf Ydd LYjla]k, (\) E^ l`ak [dYmk] /1,2 Yhhda]k hmjkmYfl lg [dYmk] /1,1 (Market disruption) Yf\8 (a) Y H]f\]j'k Bmf\af_ NYl] ak d]kk l`Yf l`] j]d]nYfl IYjc]l @akjmhlagf NYl]9 gj 1;5=487:"2:>69;<6"31-"++,/002%#%%**#(%..#+02'#)0+$)(&//%0. 

 

#/046.26.4n6:=?PERA< + BY[adala]k Y_j]]e]fl + Hmp^]j+ ATA?QPEKJ 5. (aa) Y H]f\]j \g]k fgl fgla^q Y jYl] lg l`] =_]fl Zq l`] j]d]nYfl N]hgjlaf_ Pae]* l`Yl H]f\]j'k [gkl g^ ^mf\k j]dYlaf_ lg alk hYjla[ahYlagf af l`Yl HgYf ^gj l`Yl Efl]j]kl L]jag\ k`Ydd Z] \]]e]\* ^gj l`] hmjhgk]k g^ [dYmk] /1,2(Y)* lg Z] l`] IYjc]l @akjmhlagf NYl] ^gj l`Yl HgYf, (]) OmZb][l lg [dYmk] /1,2(\) a^ l`ak [dYmk] /1,2 Yhhda]k Zml Yfq H]f\]j \g]k fgl fgla^q Y jYl] lg l`] =_]fl Zq l`] N]hgjlaf_ Pae] ^gj l`] j]d]nYfl HgYf l`] jYl] g^ afl]j]kl k`Ydd Z] [Yd[mdYl]\ gf l`] ZYkak g^ l`] jYl]k fgla^a]\ Zq l`] j]eYafaf_ H]f\]jk, (^) E^ l`ak [dYmk] /1,2 Yhhda]k l`] =_]fl k`Ydd* Yk kggf Yk ak hjY[la[YZd]* fgla^q l`] ?gehYfq, ,.)0 7bUQ[ 8_cdc (Y) E^ Yf Yegmfl ak kh][a^a]\ Yk >j]Yc ?gklk af l`] N]^]j]f[] NYl] P]jek ^gj Y HgYf gj QfhYa\ Ome* ]Y[` >gjjgo]j k`Ydd* oal`af l`j]] >mkaf]kk @Yqk g^ \]eYf\ Zq Y BafYf[] LYjlq* hYq lg l`Yl BafYf[] LYjlq alk >j]Yc ?gklk (a^ Yfq) YlljaZmlYZd] lg Ydd gj Yfq hYjl g^ l`Yl HgYf gj QfhYa\ Ome Z]af_ hYa\ Zq l`Yl >gjjgo]j gf Y \Yq hjagj lg l`] dYkl \Yq g^ Yf Efl]j]kl L]jag\ ^gj l`Yl HgYf gj QfhYa\ Ome, (Z) AY[` H]f\]j k`Ydd* Yk kggf Yk j]YkgfYZdq hjY[la[YZd] Y^l]j Y \]eYf\ Zq l`] =_]fl* hjgna\] Y []jla^a[Yl] [gf^ajeaf_ l`] Yegmfl g^ alk >j]Yc ?gklk ^gj Yfq Efl]j]kl L]jag\ af j]kh][l g^ o`a[` l`]q Z][ge]* gj eYq Z][ge]* hYqYZd], ,/) ;::H ,/), 8_]]Yd]U^d VUU (Y) P`] ?gehYfq k`Ydd hYq lg l`] =_]fl (^gj l`] Y[[gmfl g^ ]Y[` H]f\]j) Y ^]] af l`] >Yk] ?mjj]f[q [gehml]\ Yl l`] jYl] g^ 13 h]j []fl g^ l`] Yhhda[YZd] IYj_af h]j Yffme gf l`Yl H]f\]j'k =nYadYZd] ?geeale]fl ^gj l`] =nYadYZadalq L]jag\, (Z) P`] Y[[jm]\ [geeale]fl ^]] ak hYqYZd] gf l`] dYkl \Yq g^ ]Y[` km[[]kkan] h]jag\ g^ l`j]] Igfl`k o`a[` ]f\k \mjaf_ l`] =nYadYZadalq L]jag\* gf l`] dYkl \Yq g^ l`] =nYadYZadalq L]jag\ Yf\* a^ [Yf[]dd]\ af ^mdd* gf l`] [Yf[]dd]\ Yegmfl g^ l`] j]d]nYfl H]f\]j'k ?geeale]fl Yl l`] lae] l`] [Yf[]ddYlagf ak ]^^][lan], ([) Jg [geeale]fl ^]] ak hYqYZd] lg l`] =_]fl (^gj l`] Y[[gmfl g^ Y H]f\]j) gf Yfq =nYadYZd] ?geeale]fl g^ l`Yl H]f\]j ^gj Yfq \Yq gf o`a[` l`Yl H]f\]j ak Y @]^Ymdlaf_ H]f\]j, ,/)- 6bbQ^WU]U^d VUU P`] ?gehYfq k`Ydd hYq lg l`] =jjYf_]j Yf YjjYf_]e]fl ^]] af l`] Yegmfl Yf\ Yl l`] lae]k Y_j]]\ af Y B]] H]ll]j, ,/). 6WU^Si VUU P`] ?gehYfq k`Ydd hYq lg l`] =_]fl (^gj alk gof Y[[gmfl) Yf Y_]f[q ^]] af l`] Yegmfl Yf\ Yl l`] lae]k Y_j]]\ af Y B]] H]ll]j, 1;5=487:"2:>69;<6"31-"++,/002%#%%**#(%..#+02'#)0+$)(&//%0. 

 

#/046.26.4n6:=?PERA< + BY[adala]k Y_j]]e]fl + Hmp^]j+ ATA?QPEKJ 5/ ,/)/ >^dUbUcd' S_]]YccY_^ Q^T VUUc _^ 6^SY\\Qbi ;QSY\YdYUc P`] jYl] Yf\ lae] g^ hYqe]fl g^ afl]j]kl* [geeakkagf* ^]]k Yf\ Yfq gl`]j j]emf]jYlagf af j]kh][l g^ ]Y[` =f[addYjq BY[adalq k`Ydd Z] \]l]jeaf]\ Zq Y_j]]e]fl Z]lo]]f l`] j]d]nYfl =f[addYjq H]f\]j Yf\ l`] >gjjgo]j g^ l`Yl =f[addYjq BY[adalq ZYk]\ mhgf fgjeYd eYjc]l jYl]k Yf\ l]jek, H:8I>DC 1 699>I>DC6A E6NB:CI D7A><6I>DCH ,0) I6M <GDHH(JE 6C9 >C9:BC>I>:H ,0), 9UVY^YdY_^c Ef l`ak =_j]]e]fl8 "7_bb_gUb 9IIE ;Y\Y^W" e]Yfk Yf DI N]n]fm] & ?mklgek' Bgje @PPL0 \mdq [gehd]l]\ Yf\ ^ad]\ Zq l`] j]d]nYfl >gjjgo]j* o`a[`8 (Y) o`]j] al j]dYl]k lg Y Pj]Ylq H]f\]j l`Yl ak Yf Kja_afYd H]f\]j* [gflYafk l`] k[`]e] j]^]j]f[] fmeZ]j Yf\ bmjak\a[lagf g^ lYp j]ka\]f[] klYl]\ ghhgkal] l`Yl H]f\]j'k fYe] af hYjl 0 g^ k[`]\md] / (The Original Parties)* Yf\ (a) o`]j] l`] >gjjgo]j ak Yf Kja_afYd >gjjgo]j* ak ^ad]\ oal` DI N]n]fm] & ?mklgek oal`af 1. \Yqk g^ l`] \Yl] g^ l`ak =_j]]e]fl9 gj (aa) o`]j] l`] >gjjgo]j ak Yf =\\alagfYd >gjjgo]j* ak ^ad]\ oal` DI N]n]fm] & ?mklgek oal`af 1. \Yqk g^ l`] \Yl] gf o`a[` l`Yl >gjjgo]j Z][ge]k Yf =\\alagfYd >gjjgo]j9 gj (Z) o`]j] al j]dYl]k lg Y Pj]Ylq H]f\]j l`Yl ak fgl Yf Kja_afYd H]f\]j* [gflYafk l`] k[`]e] j]^]j]f[] fmeZ]j Yf\ bmjak\a[lagf g^ lYp j]ka\]f[] klYl]\ af j]kh][l g^ l`Yl H]f\]j af l`] \g[me]flYlagf o`a[` al ]p][ml]k gf Z][geaf_ Y LYjlq Yk Y H]f\]j9 Yf\ (a) o`]j] l`] >gjjgo]j ak Y >gjjgo]j Yk Yl l`] \Yl] gf o`a[` l`Yl Pj]Ylq H]f\]j Z][ge]k Y LYjlq Yk Y H]f\]j* ak ^ad]\ oal` DI N]n]fm] & ?mklgek oal`af 1. \Yqk g^ l`Yl \Yl]9 gj (aa) o`]j] l`] >gjjgo]j ak fgl Y >gjjgo]j Yk Yl l`] \Yl] gf o`a[` l`Yl Pj]Ylq H]f\]j Z][ge]k Y LYjlq Yk Y H]f\]j* ak ^ad]\ oal` DI N]n]fm] & ?mklgek oal`af 1. \Yqk g^ l`] \Yl] gf o`a[` l`Yl >gjjgo]j Z][ge]k Yf =\\alagfYd >gjjgo]j9 "Eb_dUSdUT EQbdi" e]Yfk Y BafYf[] LYjlq o`a[` ak gj oadd Z] kmZb][l lg Yfq daYZadalq* gj j]imaj]\ lg eYc] Yfq hYqe]fl* ^gj gj gf Y[[gmfl g^ PYp af j]dYlagf lg Y kme j][]an]\ gj j][]anYZd] (gj Yfq kme \]]e]\ ^gj l`] hmjhgk]k g^ PYp lg Z] j][]an]\ gj j][]anYZd]) mf\]j Y BafYf[] @g[me]fl9 1;5=487:"2:>69;<6"31-"++,/002%#%%**#(%..#+02'#)0+$)(&//%0. 

 

#/046.26.4n6:=?PERA< + BY[adala]k Y_j]]e]fl + Hmp^]j+ ATA?QPEKJ 50 "FeQ\YViY^W AU^TUb" e]Yfk8 (Y) Y H]f\]j o`a[` ak Z]f]^a[aYddq ]flald]\ lg afl]j]kl hYqYZd] lg l`Yl H]f\]j af j]kh][l g^ Yf Y\nYf[] mf\]j Y BafYf[] @g[me]fl Yf\ ak8 (a) Y H]f\]j8 (=) o`a[` ak Y ZYfc (Yk \]^af]\ ^gj l`] hmjhgk] g^ k][lagf 657 g^ l`] EP=) eYcaf_ Yf Y\nYf[] mf\]j Y BafYf[] @g[me]fl Yf\ ak oal`af l`] [`Yj_] lg Qfal]\ Gaf_\ge [gjhgjYlagf lYp Yk j]kh][lk Yfq hYqe]flk g^ afl]j]kl eY\] af j]kh][l g^ l`Yl Y\nYf[] gj ogmd\ Z] oal`af km[` [`Yj_] Yk j]kh][lk km[` hYqe]flk YhYjl ^jge k][lagf /6= g^ l`] ?P=9 gj (>) af j]kh][l g^ Yf Y\nYf[] eY\] mf\]j Y BafYf[] @g[me]fl Zq Y h]jkgf l`Yl oYk Y ZYfc (Yk \]^af]\ ^gj l`] hmjhgk] g^ k][lagf 657 g^ l`] EP=) Yl l`] lae] l`Yl l`Yl Y\nYf[] oYk eY\] Yf\ oal`af l`] [`Yj_] lg Qfal]\ Gaf_\ge [gjhgjYlagf lYp Yk j]kh][lk Yfq hYqe]flk g^ afl]j]kl eY\] af j]kh][l g^ l`Yl Y\nYf[]9 gj (aa) Y H]f\]j o`a[` ak8 (=) Y [gehYfq j]ka\]fl af l`] Qfal]\ Gaf_\ge ^gj Qfal]\ Gaf_\ge lYp hmjhgk]k9 (>) Y hYjlf]jk`ah ]Y[` e]eZ]j g^ o`a[` ak8 (/) Y [gehYfq kg j]ka\]fl af l`] Qfal]\ Gaf_\ge9 gj (0) Y [gehYfq fgl kg j]ka\]fl af l`] Qfal]\ Gaf_\ge o`a[` [Yjja]k gf Y ljY\] af l`] Qfal]\ Gaf_\ge l`jgm_` Y h]jeYf]fl ]klYZdak`e]fl Yf\ o`a[` Zjaf_k aflg Y[[gmfl af [gehmlaf_ alk [`Yj_]YZd] hjg^alk (oal`af l`] e]Yfaf_ g^ k][lagf /7 g^ l`] ?P=) l`] o`gd] g^ Yfq k`Yj] g^ afl]j]kl hYqYZd] af j]kh][l g^ l`Yl Y\nYf[] l`Yl ^Yddk lg al Zq j]Ykgf g^ LYjl /5 g^ l`] ?P=9 (?) Y [gehYfq fgl kg j]ka\]fl af l`] Qfal]\ Gaf_\ge o`a[` [Yjja]k gf Y ljY\] af l`] Qfal]\ Gaf_\ge l`jgm_` Y h]jeYf]fl ]klYZdak`e]fl Yf\ o`a[` Zjaf_k aflg Y[[gmfl afl]j]kl hYqYZd] af j]kh][l g^ l`Yl Y\nYf[] af [gehmlaf_ l`] [`Yj_]YZd] hjg^alk (oal`af l`] e]Yfaf_ g^ k][lagf /7 g^ l`] ?P=) g^ l`Yl [gehYfq9 gj (aaa) Y Pj]Ylq H]f\]j9 gj (Z) Y H]f\]j o`a[` ak Y Zmad\af_ kg[a]lq (Yk \]^af]\ ^gj l`] hmjhgk] g^ k][lagf 66. g^ l`] EP=) eYcaf_ Yf Y\nYf[] mf\]j Y BafYf[] @g[me]fl9 "IQh 8_^VYb]QdY_^" e]Yfk Y [gf^ajeYlagf Zq Y H]f\]j l`Yl l`] h]jkgf Z]f]^a[aYddq ]flald]\ lg afl]j]kl hYqYZd] lg l`Yl H]f\]j af j]kh][l g^ Yf Y\nYf[] mf\]j Y BafYf[] @g[me]fl ak ]al`]j8 (Y) Y [gehYfq j]ka\]fl af l`] Qfal]\ Gaf_\ge ^gj Qfal]\ Gaf_\ge lYp hmjhgk]k9 1;5=487:"2:>69;<6"31-"++,/002%#%%**#(%..#+02'#)0+$)(&//%0. 

 

#/046.26.4n6:=?PERA< + BY[adala]k Y_j]]e]fl + Hmp^]j+ ATA?QPEKJ 51 (Z) Y hYjlf]jk`ah ]Y[` e]eZ]j g^ o`a[` ak8 (a) Y [gehYfq kg j]ka\]fl af l`] Qfal]\ Gaf_\ge9 gj (aa) Y [gehYfq fgl kg j]ka\]fl af l`] Qfal]\ Gaf_\ge o`a[` [Yjja]k gf Y ljY\] af l`] Qfal]\ Gaf_\ge l`jgm_` Y h]jeYf]fl ]klYZdak`e]fl Yf\ o`a[` Zjaf_k aflg Y[[gmfl af [gehmlaf_ alk [`Yj_]YZd] hjg^alk (oal`af l`] e]Yfaf_ g^ k][lagf /7 g^ l`] ?P=) l`] o`gd] g^ Yfq k`Yj] g^ afl]j]kl hYqYZd] af j]kh][l g^ l`Yl Y\nYf[] l`Yl ^Yddk lg al Zq j]Ykgf g^ LYjl /5 g^ l`] ?P=9 gj ([) Y [gehYfq fgl kg j]ka\]fl af l`] Qfal]\ Gaf_\ge o`a[` [Yjja]k gf Y ljY\] af l`] Qfal]\ Gaf_\ge l`jgm_` Y h]jeYf]fl ]klYZdak`e]fl Yf\ o`a[` Zjaf_k aflg Y[[gmfl afl]j]kl hYqYZd] af j]kh][l g^ l`Yl Y\nYf[] af [gehmlaf_ l`] [`Yj_]YZd] hjg^alk (oal`af l`] e]Yfaf_ g^ k][lagf /7 g^ l`] ?P=) g^ l`Yl [gehYfq9 "IQh 8bUTYd" e]Yfk Y [j]\al Y_Yafkl* j]da]^ gj j]eakkagf ^gj* gj j]hYqe]fl g^ Yfq PYp9 "IQh 9UTeSdY_^" e]Yfk Y \]\m[lagf gj oal``gd\af_ ^gj gj gf Y[[gmfl g^ PYp ^jge Y hYqe]fl mf\]j Y BafYf[] @g[me]fl* gl`]j l`Yf Y B=P?= @]\m[lagf9 "IQh EQi]U^d" e]Yfk ]al`]j l`] af[j]Yk] af Y hYqe]fl eY\] Zq Yf KZda_gj lg Y BafYf[] LYjlq mf\]j [dYmk] /3,0 (Tax gross-up) gj Y hYqe]fl mf\]j [dYmk] /3,1 (Tax indemnity)9 "IbUQdi AU^TUb" e]Yfk Y H]f\]j o`a[`8 (Y) ak lj]Yl]\ Yk Y j]ka\]fl g^ Y Pj]Ylq OlYl] ^gj l`] hmjhgk]k g^ l`] Pj]Ylq9 (Z) \g]k fgl [Yjjq gf Y Zmkaf]kk af l`] Qfal]\ Gaf_\ge l`jgm_` Y h]jeYf]fl ]klYZdak`e]fl oal` o`a[` l`Yl H]f\]j'k hYjla[ahYlagf af l`] HgYf ak ]^^][lan]dq [gff][l]\9 Yf\ ([) ^md^adk Yfq gl`]j [gf\alagfk l`Yl emkl Z] ^md^add]\ mf\]j l`] j]d]nYfl Pj]Ylq Zq j]ka\]flk g^ l`Yl Pj]Ylq OlYl] ^gj km[` j]ka\]flk lg gZlYaf ]p]ehlagf ^jge lYpYlagf g^ afl]j]kl aehgk]\ Zq l`] Qfal]\ Gaf_\ge* Ykkmeaf_ ^gj l`]k] hmjhgk]k l`Yl Ydd j]d]nYfl hjg[]\mjYd kl]hk Yf\ ^gjeYdala]k `Yn] Z]]f \mdq [gehd]l]\9 "IbUQdi HdQdU" e]Yfk Y bmjak\a[lagf `Ynaf_ Y \gmZd] lYpYlagf Y_j]]e]fl (Y "IbUQdi") oal` l`] Qfal]\ Gaf_\ge o`a[` eYc]k hjgnakagf ^gj ^mdd ]p]ehlagf ^jge lYp aehgk]\ Zq l`] Qfal]\ Gaf_\ge gf afl]j]kl9 "J@ C_^(7Q^[ AU^TUb" e]Yfk8 (Y) Yfq Kja_afYd H]f\]j dakl]\ Yk km[` af hYjl / g^ k[`]\md] / (The Original Parties)9 Yf\ (Z) Y H]f\]j o`a[` ak fgl Yf Kja_afYd H]f\]j Yf\ o`a[` _an]k Y PYp ?gf^ajeYlagf af l`] \g[me]flYlagf o`a[` al ]p][ml]k gf Z][geaf_ Y LYjlq Yk Y H]f\]j, Qfd]kk Y [gfljYjq af\a[Ylagf Yhh]Yjk* af l`ak [dYmk] /3 Y j]^]j]f[] lg "TUdUb]Y^Uc" gj "TUdUb]Y^UT" e]Yfk Y \]l]jeafYlagf eY\] af l`] YZkgdml] \ak[j]lagf g^ l`] h]jkgf eYcaf_ l`] \]l]jeafYlagf, 1;5=487:"2:>69;<6"31-"++,/002%#%%**#(%..#+02'#)0+$)(&//%0. 

 

#/046.26.4n6:=?PERA< + BY[adala]k Y_j]]e]fl + Hmp^]j+ ATA?QPEKJ 52 ,0)- IQh Wb_cc(e` (Y) AY[` KZda_gj k`Ydd eYc] Ydd hYqe]flk lg Z] eY\] Zq al oal`gml Yfq PYp @]\m[lagf* mfd]kk Y PYp @]\m[lagf ak j]imaj]\ Zq dYo, (Z) P`] ?gehYfq k`Ydd hjgehldq mhgf Z][geaf_ YoYj] l`Yl Yf KZda_gj emkl eYc] Y PYp @]\m[lagf (gj l`Yl l`]j] ak Yfq [`Yf_] af l`] jYl] gj l`] ZYkak g^ Y PYp @]\m[lagf) fgla^q l`] =_]fl Y[[gj\af_dq, OaeadYjdq* Y H]f\]j k`Ydd fgla^q l`] =_]fl gf Z][geaf_ kg YoYj] af j]kh][l g^ Y hYqe]fl hYqYZd] lg l`Yl H]f\]j, E^ l`] =_]fl j][]an]k km[` fgla^a[Ylagf ^jge Y H]f\]j al k`Ydd fgla^q l`] ?gehYfq Yf\ l`Yl KZda_gj, ([) E^ Y PYp @]\m[lagf ak j]imaj]\ Zq dYo lg Z] eY\] Zq Yf KZda_gj* l`] Yegmfl g^ l`] hYqe]fl \m] ^jge l`Yl KZda_gj k`Ydd Z] af[j]Yk]\ lg Yf Yegmfl o`a[` (Y^l]j eYcaf_ Yfq PYp @]\m[lagf) d]Yn]k Yf Yegmfl ]imYd lg l`] hYqe]fl o`a[` ogmd\ `Yn] Z]]f \m] a^ fg PYp @]\m[lagf `Y\ Z]]f j]imaj]\, (\) = hYqe]fl k`Ydd fgl Z] af[j]Yk]\ mf\]j [dYmk] /3,0([) Zq j]Ykgf g^ Y PYp @]\m[lagf gf Y[[gmfl g^ PYp aehgk]\ Zq l`] Qfal]\ Gaf_\ge* a^ gf l`] \Yl] gf o`a[` l`] hYqe]fl ^Yddk \m]8 (a) l`] hYqe]fl [gmd\ `Yn] Z]]f eY\] lg l`] j]d]nYfl H]f\]j oal`gml Y PYp @]\m[lagf a^ l`] H]f\]j `Y\ Z]]f Y MmYda^qaf_ H]f\]j* Zml gf l`Yl \Yl] l`Yl H]f\]j ak fgl gj `Yk []Yk]\ lg Z] Y MmYda^qaf_ H]f\]j gl`]j l`Yf Yk Y j]kmdl g^ Yfq [`Yf_] Y^l]j l`] \Yl] al Z][Ye] Y H]f\]j mf\]j l`ak =_j]]e]fl af (gj af l`] afl]jhj]lYlagf* Y\eafakljYlagf* gj Yhhda[Ylagf g^) Yfq dYo gj Pj]Ylq* gj Yfq hmZdak`]\ hjY[la[] gj hmZdak`]\ [gf[]kkagf g^ Yfq j]d]nYfl lYpaf_ Yml`gjalq9 gj (aa) l`] j]d]nYfl H]f\]j ak Y MmYda^qaf_ H]f\]j kgd]dq Zq najlm] g^ hYjY_jYh` (Y)(aa) g^ l`] \]^afalagf g^ MmYda^qaf_ H]f\]j Yf\8 (=) Yf g^^a[]j g^ D,I, N]n]fm] & ?mklgek `Yk _an]f (Yf\ fgl j]ngc]\) Y \aj][lagf (Y "9YbUSdY_^") mf\]j k][lagf 71/ g^ l`] EP= o`a[` j]dYl]k lg l`] hYqe]fl Yf\ l`Yl H]f\]j `Yk j][]an]\ ^jge l`] KZda_gj eYcaf_ l`] hYqe]fl gj ^jge l`] ?gehYfq Y []jla^a]\ [ghq g^ l`Yl @aj][lagf9 Yf\ (>) l`] hYqe]fl [gmd\ `Yn] Z]]f eY\] lg l`] H]f\]j oal`gml Yfq PYp @]\m[lagf a^ l`Yl @aj][lagf `Y\ fgl Z]]f eY\]9 gj (aaa) l`] j]d]nYfl H]f\]j ak Y MmYda^qaf_ H]f\]j kgd]dq Zq najlm] g^ hYjY_jYh` (Y)(aa) g^ l`] \]^afalagf g^ MmYda^qaf_ H]f\]j Yf\8 (=) l`] j]d]nYfl H]f\]j `Yk fgl _an]f Y PYp ?gf^ajeYlagf lg l`] ?gehYfq9 Yf\ (>) l`] hYqe]fl [gmd\ `Yn] Z]]f eY\] lg l`] H]f\]j oal`gml Yfq PYp @]\m[lagf a^ l`] H]f\]j `Y\ _an]f Y PYp ?gf^ajeYlagf lg l`] ?gehYfq* gf l`] ZYkak l`Yl l`] PYp ?gf^ajeYlagf ogmd\ `Yn] ]fYZd]\ l`] ?gehYfq lg `Yn] ^gje]\ Y j]YkgfYZd] Z]da]^ l`Yl l`] hYqe]fl oYk Yf "]p[]hl]\ hYqe]fl" ^gj l`] hmjhgk] g^ k][lagf 71. g^ l`] EP=9 gj 1;5=487:"2:>69;<6"31-"++,/002%#%%**#(%..#+02'#)0+$)(&//%0. 

 

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#/046.26.4n6:=?PERA< + BY[adala]k Y_j]]e]fl + Hmp^]j+ ATA?QPEKJ 54 (>) DI N]n]fm] & ?mklgek `Yk fgl _an]f l`] >gjjgo]j Yml`gjalq lg eYc] hYqe]flk lg l`Yl H]f\]j oal`gml Y PYp @]\m[lagf oal`af 4. \Yqk g^ l`] \Yl] g^ l`] >gjjgo]j @PPL Badaf_9 gj (?) DI N]n]fm] & ?mklgek `Yk _an]f l`] >gjjgo]j Yml`gjalq lg eYc] hYqe]flk lg l`Yl H]f\]j oal`gml Y PYp @]\m[lagf Zml km[` Yml`gjalq `Yk kmZk]im]fldq Z]]f j]ngc]\ gj ]phaj]\* Yf\ af ]Y[` [Yk]* l`] >gjjgo]j `Yk fgla^a]\ l`Yl H]f\]j af ojalaf_* l`Yl H]f\]j Yf\ l`] >gjjgo]j k`Ydd [g+gh]jYl] af [gehd]laf_ Yfq Y\\alagfYd hjg[]\mjYd ^gjeYdala]k f][]kkYjq ^gj l`Yl >gjjgo]j lg gZlYaf Yml`gjakYlagf lg eYc] l`Yl hYqe]fl oal`gml Y PYp @]\m[lagf, (a) E^ Y H]f\]j `Yk fgl [gf^aje]\ alk k[`]e] j]^]j]f[] fmeZ]j Yf\ bmjak\a[lagf g^ lYp j]ka\]f[] af Y[[gj\Yf[] oal` [dYmk] /3,0(_)(aa)* fg KZda_gj k`Ydd eYc] Y >gjjgo]j @PPL Badaf_ gj ^ad] Yfq gl`]j ^gje j]dYlaf_ lg l`] DIN? @P Pj]Ylq LYkkhgjl k[`]e] af j]kh][l g^ l`Yl H]f\]j'k ?geeale]fl gj alk hYjla[ahYlagf af Yfq HgYf mfd]kk l`] H]f\]j gl`]joak] Y_j]]k, (b) = >gjjgo]j k`Ydd* hjgehldq gf eYcaf_ Y >gjjgo]j @PPL Badaf_* \]dan]j Y [ghq g^ l`Yl >gjjgo]j @PPL Badaf_ lg l`] =_]fl ^gj \]dan]jq lg l`] j]d]nYfl H]f\]j, (c) = QG Jgf+>Yfc H]f\]j o`a[` ak Yf Kja_afYd H]f\]j _an]k Y PYp ?gf^ajeYlagf lg l`] ?gehYfq Zq ]fl]jaf_ aflg l`ak =_j]]e]fl, (d) = QG Jgf+>Yfc H]f\]j k`Ydd hjgehldq fgla^q l`] ?gehYfq Yf\ l`] =_]fl a^ l`]j] ak Yfq [`Yf_] af l`] hgkalagf ^jge l`Yl k]l gml af l`] PYp ?gf^ajeYlagf, ,0). IQh Y^TU]^Ydi (Y) P`] ?gehYfq k`Ydd (oal`af l`j]] >mkaf]kk @Yqk g^ \]eYf\ Zq l`] =_]fl) hYq lg Y Ljgl][l]\ LYjlq Yf Yegmfl ]imYd lg l`] dgkk* daYZadalq gj [gkl o`a[` l`Yl Ljgl][l]\ LYjlq \]l]jeaf]k oadd Z] gj `Yk Z]]f (\aj][ldq gj af\aj][ldq) km^^]j]\ ^gj gj gf Y[[gmfl g^ PYp Zq l`Yl Ljgl][l]\ LYjlq af j]kh][l g^ Y BafYf[] @g[me]fl, (Z) ?dYmk] /3,1(Y) k`Ydd fgl Yhhdq8 (a) oal` j]kh][l lg Yfq PYp Ykk]kk]\ gf Y BafYf[] LYjlq8 (=) mf\]j l`] dYo g^ l`] bmjak\a[lagf af o`a[` l`Yl BafYf[] LYjlq ak af[gjhgjYl]\ gj* a^ \a^^]j]fl* l`] bmjak\a[lagf (gj bmjak\a[lagfk) af o`a[` l`Yl BafYf[] LYjlq ak lj]Yl]\ Yk j]ka\]fl ^gj lYp hmjhgk]k9 gj (>) mf\]j l`] dYo g^ l`] bmjak\a[lagf af o`a[` l`Yl BafYf[] LYjlq'k BY[adalq K^^a[] ak dg[Yl]\ af j]kh][l g^ Yegmflk j][]an]\ gj j][]anYZd] af l`Yl bmjak\a[lagf* a^ l`Yl PYp ak aehgk]\ gf gj [Yd[mdYl]\ Zq j]^]j]f[] lg l`] f]l af[ge] j][]an]\ gj j][]anYZd] (Zml fgl Yfq kme \]]e]\ lg Z] j][]an]\ gj j][]anYZd]) Zq l`Yl BafYf[] LYjlq9 gj 1;5=487:"2:>69;<6"31-"++,/002%#%%**#(%..#+02'#)0+$)(&//%0. 

 

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#/046.26.4n6:=?PERA< + BY[adala]k Y_j]]e]fl + Hmp^]j+ ATA?QPEKJ 56 ,0)1 HdQ]` dQhUc P`] ?gehYfq k`Ydd hYq Yf\* oal`af l`j]] >mkaf]kk @Yqk g^ \]eYf\* af\]efa^q ]Y[` BafYf[] LYjlq Y_Yafkl Yfq [gkl* dgkk gj daYZadalq l`Yl BafYf[] LYjlq af[mjk af j]dYlagf lg Ydd klYeh \mlq* j]_akljYlagf Yf\ gl`]j kaeadYj PYp]k hYqYZd] af j]kh][l g^ Yfq BafYf[] @g[me]fl, ,0)2 K6I (Y) =dd Yegmflk ]phj]kk]\ lg Z] hYqYZd] mf\]j Y BafYf[] @g[me]fl Zq Yfq LYjlq lg Y BafYf[] LYjlq o`a[` (af o`gd] gj af hYjl) [gfklalml] l`] [gfka\]jYlagf ^gj Yfq kmhhdq ^gj R=P hmjhgk]k Yj] \]]e]\ lg Z] ]p[dmkan] g^ Yfq R=P o`a[` ak [`Yj_]YZd] gf l`Yl kmhhdq Yf\* Y[[gj\af_dq* kmZb][l lg [dYmk] /3,5(Z)* a^ R=P ak gj Z][ge]k [`Yj_]YZd] gf Yfq kmhhdq eY\] Zq Yfq BafYf[] LYjlq lg Yfq LYjlq mf\]j Y BafYf[] @g[me]fl Yf\ km[` BafYf[] LYjlq ak j]imaj]\ lg Y[[gmfl lg l`] j]d]nYfl lYp Yml`gjalq ^gj l`] R=P* l`Yl LYjlq emkl hYq lg km[` BafYf[] LYjlq (af Y\\alagf lg Yf\ Yl l`] kYe] lae] Yk hYqaf_ Yfq gl`]j [gfka\]jYlagf ^gj km[` kmhhdq) Yf Yegmfl ]imYd lg l`] Yegmfl g^ l`] R=P (Yf\ km[` BafYf[] LYjlq emkl hjgehldq hjgna\] Yf YhhjghjaYl] R=P afnga[] lg l`Yl LYjlq), (Z) E^ R=P ak gj Z][ge]k [`Yj_]YZd] gf Yfq kmhhdq eY\] Zq Yfq BafYf[] LYjlq (l`] "He``\YUb") lg Yfq gl`]j BafYf[] LYjlq (l`] "GUSY`YU^d") mf\]j Y BafYf[] @g[me]fl* Yf\ Yfq LYjlq gl`]j l`Yf l`] N][aha]fl (l`] "GU\UfQ^d EQbdi") ak j]imaj]\ Zq l`] l]jek g^ Yfq BafYf[] @g[me]fl lg hYq Yf Yegmfl ]imYd lg l`] [gfka\]jYlagf ^gj l`Yl kmhhdq lg l`] Omhhda]j (jYl`]j l`Yf Z]af_ j]imaj]\ lg j]aeZmjk] gj af\]efa^q l`] N][aha]fl af j]kh][l g^ l`Yl [gfka\]jYlagf)8 (a) (o`]j] l`] Omhhda]j ak l`] h]jkgf j]imaj]\ lg Y[[gmfl lg l`] j]d]nYfl lYp Yml`gjalq ^gj l`] R=P) l`] N]d]nYfl LYjlq emkl Ydkg hYq lg l`] Omhhda]j (Yl l`] kYe] lae] Yk hYqaf_ l`Yl Yegmfl) Yf Y\\alagfYd Yegmfl ]imYd lg l`] Yegmfl g^ l`] R=P, P`] N][aha]fl emkl (o`]j] l`ak [dYmk] /3,5(Z)(a) Yhhda]k) hjgehldq hYq lg l`] N]d]nYfl LYjlq Yf Yegmfl ]imYd lg Yfq [j]\al gj j]hYqe]fl l`] N][aha]fl j][]an]k ^jge l`] j]d]nYfl lYp Yml`gjalq o`a[` l`] N][aha]fl j]YkgfYZdq \]l]jeaf]k j]dYl]k lg l`] R=P [`Yj_]YZd] gf l`Yl kmhhdq9 Yf\ (aa) (o`]j] l`] N][aha]fl ak l`] h]jkgf j]imaj]\ lg Y[[gmfl lg l`] j]d]nYfl lYp Yml`gjalq ^gj l`] R=P) l`] N]d]nYfl LYjlq emkl hjgehldq* ^gddgoaf_ \]eYf\ ^jge l`] N][aha]fl* hYq lg l`] N][aha]fl Yf Yegmfl ]imYd lg l`] R=P [`Yj_]YZd] gf l`Yl kmhhdq Zml gfdq lg l`] ]pl]fl l`Yl l`] N][aha]fl j]YkgfYZdq \]l]jeaf]k l`Yl al ak fgl ]flald]\ lg [j]\al gj j]hYqe]fl ^jge l`] j]d]nYfl lYp Yml`gjalq af j]kh][l g^ l`Yl R=P, ([) S`]j] Y BafYf[] @g[me]fl j]imaj]k Yfq LYjlq lg j]aeZmjk] gj af\]efa^q Y BafYf[] LYjlq ^gj Yfq [gkl gj ]ph]fk]* l`Yl LYjlq k`Ydd j]aeZmjk] gj af\]efa^q (Yk l`] [Yk] eYq Z]) km[` BafYf[] LYjlq ^gj l`] ^mdd Yegmfl g^ km[` [gkl gj ]ph]fk]* af[dm\af_ km[` hYjl l`]j]g^ Yk j]hj]k]flk R=P* kYn] lg l`] ]pl]fl l`Yl km[` BafYf[] LYjlq j]YkgfYZdq \]l]jeaf]k l`Yl al ak ]flald]\ lg [j]\al gj j]hYqe]fl af j]kh][l g^ km[` R=P ^jge l`] j]d]nYfl lYp Yml`gjalq, (\) =fq j]^]j]f[] af l`ak [dYmk] /3,5 lg Yfq LYjlq k`Ydd* Yl Yfq lae] o`]f km[` LYjlq ak lj]Yl]\ Yk Y e]eZ]j g^ Y _jgmh ^gj R=P hmjhgk]k* af[dm\] (o`]j] YhhjghjaYl] Yf\ mfd]kk l`] [gfl]pl gl`]joak] j]imaj]k) Y j]^]j]f[] lg l`] j]hj]k]flYlan] e]eZ]j g^ km[` _jgmh Yl km[` lae] (l`] l]je "representative member" lg `Yn] l`] kYe] e]Yfaf_ Yk af l`] RYdm] =\\]\ PYp =[l /772), 1;5=487:"2:>69;<6"31-"++,/002%#%%**#(%..#+02'#)0+$)(&//%0. 

 

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#/046.26.4n6:=?PERA< + BY[adala]k Y_j]]e]fl + Hmp^]j+ ATA?QPEKJ 6. (aa) o`]j] Y >gjjgo]j ak Y QO PYp KZda_gj gf Y \Yl] gf o`a[` Yfq gl`]j H]f\]j Z][ge]k Y LYjlq Yk Y H]f\]j* l`Yl \Yl]9 (aaa) l`] \Yl] Y f]o QO PYp KZda_gj Y[[]\]k Yk Y >gjjgo]j9 gj (an) o`]j] Y >gjjgo]j ak fgl Y QO PYp KZda_gj* l`] \Yl] g^ Y j]im]kl ^jge l`] =_]fl* kmhhdq lg l`] =_]fl8 (=) Y oal``gd\af_ []jla^a[Yl] gf Bgje S+6* Bgje S+7 gj Yfq gl`]j j]d]nYfl ^gje9 gj (>) Yfq oal``gd\af_ klYl]e]fl gj gl`]j \g[me]fl* Yml`gjakYlagf gj oYan]j Yk l`] =_]fl eYq j]imaj] lg []jla^q gj ]klYZdak` l`] klYlmk g^ km[` H]f\]j mf\]j B=P?= gj l`Yl gl`]j dYo gj j]_mdYlagf, (^) P`] =_]fl k`Ydd hjgna\] Yfq oal``gd\af_ []jla^a[Yl]* oal``gd\af_ klYl]e]fl* \g[me]fl* Yml`gjakYlagf gj oYan]j al j][]an]k ^jge Y H]f\]j hmjkmYfl lg [dYmk] /3,6(]) lg l`] j]d]nYfl >gjjgo]j, (_) E^ Yfq oal``gd\af_ []jla^a[Yl]* oal``gd\af_ klYl]e]fl* \g[me]fl* Yml`gjakYlagf gj oYan]j hjgna\]\ lg l`] =_]fl Zq Y H]f\]j hmjkmYfl lg [dYmk] /3,6(]) ak gj Z][ge]k eYl]jaYddq afY[[mjYl] gj af[gehd]l]* l`Yl H]f\]j k`Ydd hjgehldq mh\Yl] al Yf\ hjgna\] km[` mh\Yl]\ oal``gd\af_ []jla^a[Yl]* oal``gd\af_ klYl]e]fl* \g[me]fl* Yml`gjakYlagf gj oYan]j lg l`] =_]fl mfd]kk al ak mfdYo^md ^gj l`] H]f\]j lg \g kg (af o`a[` [Yk] l`] H]f\]j k`Ydd hjgehldq fgla^q l`] =_]fl), P`] =_]fl k`Ydd hjgna\] Yfq km[` mh\Yl]\ oal``gd\af_ []jla^a[Yl]* oal``gd\af_ klYl]e]fl* \g[me]fl* Yml`gjakYlagf gj oYan]j lg l`] j]d]nYfl >gjjgo]j, (`) P`] =_]fl eYq j]dq gf Yfq oal``gd\af_ []jla^a[Yl]* oal``gd\af_ klYl]e]fl* \g[me]fl* Yml`gjakYlagf gj oYan]j al j][]an]k ^jge Y H]f\]j hmjkmYfl lg [dYmk] /3,6(]) gj /3,6(_) oal`gml ^mjl`]j n]ja^a[Ylagf, P`] =_]fl k`Ydd fgl Z] daYZd] ^gj Yfq Y[lagf lYc]f Zq al mf\]j gj af [gff][lagf oal` [dYmk]k /3,6(])* /3,6(^) gj /3,6(_), (a) P`] =_]fl* Y[laf_ kgd]dq ^gj l`ak hmjhgk] Yk Yf Y_]fl g^ l`] ?gehYfq* k`Ydd eYaflYaf Yl gf] g^ alk g^^a[]k Y [ghq g^ ]Y[` Ykka_fe]fl Yf\ Ykkmehlagf \]dan]j]\ lg al Yf\ Y j]_akl]j ^gj l`] j][gj\Ylagf g^ l`] fYe]k Yf\ Y\\j]kk]k g^ l`] H]f\]jk* Yf\ l`] ?geeale]flk g^* Yf\ hjaf[ahYd Yegmflk (Yf\ klYl]\ afl]j]kl) g^ l`] HgYfk goaf_ lg* ]Y[` H]f\]j hmjkmYfl lg l`] l]jek `]j]g^ ^jge lae] lg lae] (l`] "GUWYcdUb"), P`] ]flja]k af l`] N]_akl]j k`Ydd Z] [gf[dmkan] YZk]fl eYfa^]kl ]jjgj gj Yfq Zj]Y[` Zq l`] =_]fl g^ l`ak =_j]]e]fl* Yf\ l`] ?gehYfq* l`] =_]fl Yf\ l`] H]f\]jk k`Ydd lj]Yl ]Y[` L]jkgf o`gk] fYe] ak j][gj\]\ af l`] N]_akl]j hmjkmYfl lg l`] l]jek `]j]g^ Yk Y H]f\]j `]j]mf\]j ^gj Ydd hmjhgk]k g^ l`ak =_j]]e]fl, P`] N]_akl]j k`Ydd Z] YnYadYZd] ^gj afkh][lagf Zq l`] ?gehYfq Yf\ Yfq H]f\]j* Yl Yfq j]YkgfYZd] lae] Yf\ ^jge lae] lg lae] mhgf j]YkgfYZd] hjagj fgla[], ,0)4 ;6I86 9UTeSdY_^ (Y) AY[` LYjlq eYq eYc] Yfq B=P?= @]\m[lagf al ak j]imaj]\ lg eYc] Zq B=P?=* Yf\ Yfq hYqe]fl j]imaj]\ af [gff][lagf oal` l`Yl B=P?= @]\m[lagf* Yf\ fg LYjlq k`Ydd Z] j]imaj]\ lg af[j]Yk] Yfq hYqe]fl af j]kh][l g^ o`a[` al eYc]k km[` Y B=P?= @]\m[lagf gj gl`]joak] [geh]fkYl] l`] j][aha]fl g^ l`] hYqe]fl ^gj l`Yl B=P?= @]\m[lagf, 1;5=487:"2:>69;<6"31-"++,/002%#%%**#(%..#+02'#)0+$)(&//%0. 

 

#/046.26.4n6:=?PERA< + BY[adala]k Y_j]]e]fl + Hmp^]j+ ATA?QPEKJ 6/ (Z) AY[` LYjlq k`Ydd hjgehldq* mhgf Z][geaf_ YoYj] l`Yl al emkl eYc] Y B=P?= @]\m[lagf (gj l`Yl l`]j] ak Yfq [`Yf_] af l`] jYl] gj l`] ZYkak g^ km[` B=P?= @]\m[lagf)* fgla^q l`] LYjlq lg o`ge al ak eYcaf_ l`] hYqe]fl Yf\* af Y\\alagf* k`Ydd fgla^q l`] ?gehYfq Yf\ l`] =_]fl Yf\ l`] =_]fl k`Ydd fgla^q l`] gl`]j BafYf[] LYjla]k, ,1) >C8G:6H:9 8DHIH ,1), >^SbUQcUT 8_cdc (Y) OmZb][l lg [dYmk] /4,1 (Exceptions) l`] ?gehYfq k`Ydd* oal`af l`j]] >mkaf]kk @Yqk g^ Y \]eYf\ Zq l`] =_]fl* hYq ^gj l`] Y[[gmfl g^ Y BafYf[] LYjlq l`] Yegmfl g^ Yfq Ef[j]Yk]\ ?gklk af[mjj]\ Zq l`Yl BafYf[] LYjlq gj Yfq g^ alk =^^adaYl]k Yk Y j]kmdl g^8 (a) l`] afljg\m[lagf g^ gj Yfq [`Yf_] af (gj af l`] afl]jhj]lYlagf* Y\eafakljYlagf gj Yhhda[Ylagf g^) Yfq dYo gj j]_mdYlagf9 (aa) [gehdaYf[] oal` Yfq dYo gj j]_mdYlagf eY\] Y^l]j l`] \Yl] g^ l`ak =_j]]e]fl9 (aaa) l`] aehd]e]flYlagf gj Yhhda[Ylagf g^* gj [gehdaYf[] oal`* >Yk]d EEE gj ?N@ ER gj Yfq gl`]j dYo gj j]_mdYlagf o`a[` aehd]e]flk >Yk]d EEE gj ?N@ ER (o`]l`]j km[` aehd]e]flYlagf* Yhhda[Ylagf gj [gehdaYf[] ak Zq Y _gn]jfe]fl* j]_mdYlgj* BafYf[] LYjlq gj Yfq g^ alk =^^adaYl]k)9 gj (an) l`] aehd]e]flYlagf gj Yhhda[Ylagf g^* gj [gehdaYf[] oal`* l`] @g\\+BjYfc SYdd Olj]]l N]^gje Yf\ ?gfkme]j Ljgl][lagf =[l Yf\ Ydd j]im]klk* jmd]k* j]_mdYlagfk* _ma\]daf]k gj \aj][lan]k l`]j]mf\]j gj akkm]\ af [gff][lagf l`]j]oal`, (Z) Ef l`ak =_j]]e]fl ">^SbUQcUT 8_cdc" e]Yfk8 (a) Y j]\m[lagf af l`] jYl] g^ j]lmjf ^jge l`] BY[adalq gj gf Y BafYf[] LYjlq'k (gj alk =^^adaYl]'k) gn]jYdd [YhalYd9 (aa) Yf Y\\alagfYd gj af[j]Yk]\ [gkl9 gj (aaa) Y j]\m[lagf g^ Yfq Yegmfl \m] Yf\ hYqYZd] mf\]j Yfq BafYf[] @g[me]fl* o`a[` ak af[mjj]\ gj km^^]j]\ Zq Y BafYf[] LYjlq gj Yfq g^ alk =^^adaYl]k lg l`] ]pl]fl l`Yl al ak YlljaZmlYZd] lg l`Yl BafYf[] LYjlq `Ynaf_ ]fl]j]\ aflg alk ?geeale]fl gj ^mf\af_ gj h]j^gjeaf_ alk gZda_Ylagfk mf\]j Yfq BafYf[] @g[me]fl, ,1)- >^SbUQcUT 8_cd S\QY]c (Y) = BafYf[] LYjlq afl]f\af_ lg eYc] Y [dYae hmjkmYfl lg [dYmk] /4,/ (Increased Costs) k`Ydd fgla^q l`] =_]fl g^ l`] ]n]fl _anaf_ jak] lg l`] [dYae* ^gddgoaf_ o`a[` l`] =_]fl k`Ydd hjgehldq fgla^q l`] ?gehYfq, (Z) AY[` BafYf[] LYjlq k`Ydd* Yk kggf Yk hjY[la[YZd] Y^l]j Y \]eYf\ Zq l`] =_]fl* hjgna\] Y []jla^a[Yl] [gf^ajeaf_ l`] Yegmfl g^ alk Ef[j]Yk]\ ?gklk, 1;5=487:"2:>69;<6"31-"++,/002%#%%**#(%..#+02'#)0+$)(&//%0. 

 

#/046.26.4n6:=?PERA< + BY[adala]k Y_j]]e]fl + Hmp^]j+ ATA?QPEKJ 60 ,1). :hSU`dY_^c (Y) ?dYmk] /4,/ (Increased Costs) \g]k fgl Yhhdq lg l`] ]pl]fl Yfq Ef[j]Yk]\ ?gkl ak8 (a) YlljaZmlYZd] lg Y PYp @]\m[lagf j]imaj]\ Zq dYo lg Z] eY\] Zq Yf KZda_gj9 (aa) YlljaZmlYZd] lg Y B=P?= @]\m[lagf j]imaj]\ lg Z] eY\] Zq Y LYjlq9 (aaa) YlljaZmlYZd] lg Yfq ZYfc d]nq cfgof lg Yfq g^ l`] H]f\]jk gj Yfq =^^adaYl] g^ Yfq H]f\]j Yl l`] \Yl] g^ l`ak =_j]]e]fl9 (an) [geh]fkYl]\ ^gj Zq [dYmk] /3,1 (Tax indemnity) (gj ogmd\ `Yn] Z]]f [geh]fkYl]\ ^gj mf\]j [dYmk] /3,1 (Tax indemnity) Zml oYk fgl kg [geh]fkYl]\ kgd]dq Z][Ymk] Yfq g^ l`] ]p[dmkagfk af [dYmk] /3,1(Z) Yhhda]\)9 (n) YlljaZmlYZd] lg l`] aehd]e]flYlagf gj Yhhda[Ylagf g^ gj [gehdaYf[] oal` l`] "International Convergence of Capital Measurement and Capital Standards,  a Revised Framework" hmZdak`]\ Zq l`] >Yk]d ?geeall]] gf >Yfcaf_ Omh]jnakagf af Fmf] 0..2 af l`] ^gje ]paklaf_ gf l`] \Yl] g^ l`ak =_j]]e]fl (Zml ]p[dm\af_ Yfq Ye]f\e]fl Yjakaf_ gml g^ >Yk]d EEE) ("7QcU\ >>") gj Yfq gl`]j dYo gj j]_mdYlagf o`a[` aehd]e]flk >Yk]d EE (o`]l`]j km[` aehd]e]flYlagf* Yhhda[Ylagf gj [gehdaYf[] ak Zq Y _gn]jfe]fl* j]_mdYlgj* BafYf[] LYjlq gj Yfq g^ alk =^^adaYl]k)9 gj (na) YlljaZmlYZd] lg l`] oad^md Zj]Y[` Zq l`] j]d]nYfl BafYf[] LYjlq gj alk =^^adaYl]k g^ Yfq dYo gj j]_mdYlagf, (Z) Ef l`ak [dYmk] /4,1* Y j]^]j]f[] lg Y "IQh 9UTeSdY_^" `Yk l`] kYe] e]Yfaf_ _an]f lg l`Yl l]je af [dYmk] /3,/ (Definitions), ,2) DI=:G >C9:BC>I>:H ,2), 8ebbU^Si Y^TU]^Ydi (Y) E^ Yfq kme \m] ^jge Yf KZda_gj mf\]j l`] BafYf[] @g[me]flk (Y "He]")* gj Yfq gj\]j* bm\_e]fl gj YoYj\ _an]f gj eY\] af j]dYlagf lg Y Ome* `Yk lg Z] [gfn]jl]\ ^jge l`] [mjj]f[q (l`] ";Ybcd 8ebbU^Si") af o`a[` l`Yl Ome ak hYqYZd] aflg Yfgl`]j [mjj]f[q (l`] "HUS_^T 8ebbU^Si") ^gj l`] hmjhgk] g^8 (a) eYcaf_ gj ^adaf_ Y [dYae gj hjgg^ Y_Yafkl l`Yl KZda_gj9 (aa) gZlYafaf_ gj ]f^gj[af_ Yf gj\]j* bm\_e]fl gj YoYj\ af j]dYlagf lg Yfq dala_Ylagf gj YjZaljYlagf hjg[]]\af_k* l`Yl KZda_gj k`Ydd Yk Yf af\]h]f\]fl gZda_Ylagf* oal`af l`j]] >mkaf]kk @Yqk g^ \]eYf\* af\]efa^q ]Y[` BafYf[] LYjlq lg o`ge l`Yl Ome ak \m] Y_Yafkl Yfq [gkl* dgkk gj daYZadalq Yjakaf_ gml g^ gj Yk Y j]kmdl g^ l`] [gfn]jkagf af[dm\af_ Yfq \ak[j]hYf[q Z]lo]]f (=) l`] jYl] g^ ]p[`Yf_] mk]\ lg [gfn]jl l`Yl Ome ^jge l`] Bajkl ?mjj]f[q aflg l`] O][gf\ ?mjj]f[q Yf\ (>) l`] jYl] gj jYl]k g^ ]p[`Yf_] YnYadYZd] lg l`Yl h]jkgf Yl l`] lae] g^ alk j][]ahl g^ l`Yl Ome, (Z) AY[` KZda_gj oYan]k Yfq ja_`l al eYq `Yn] af Yfq bmjak\a[lagf lg hYq Yfq Yegmfl mf\]j l`] BafYf[] @g[me]flk af Y [mjj]f[q gj [mjj]f[q mfal gl`]j l`Yf l`Yl af o`a[` al ak ]phj]kk]\ lg Z] hYqYZd], 1;5=487:"2:>69;<6"31-"++,/002%#%%**#(%..#+02'#)0+$)(&//%0. 

 

#/046.26.4n6:=?PERA< + BY[adala]k Y_j]]e]fl + Hmp^]j+ ATA?QPEKJ 61 ,2)- DdXUb Y^TU]^YdYUc P`] ?gehYfq k`Ydd (gj k`Ydd hjg[mj] l`Yl Yf KZda_gj oadd)* oal`af l`j]] >mkaf]kk @Yqk g^ \]eYf\* af\]efa^q ]Y[` BafYf[] LYjlq Y_Yafkl Yfq [gkl* dgkk gj daYZadalq af[mjj]\ Zq l`Yl BafYf[] LYjlq Yk Y j]kmdl g^8 (Y) l`] g[[mjj]f[] g^ Yfq An]fl g^ @]^Ymdl9 (Z) Y ^Yadmj] Zq Yf KZda_gj lg hYq Yfq Yegmfl \m] mf\]j Y BafYf[] @g[me]fl gf alk \m] \Yl]* af[dm\af_* oal`gml daealYlagf* Yfq [gkl* dgkk gj daYZadalq Yjakaf_ Yk Y j]kmdl g^ [dYmk] 1. (Sharing among the Finance Parties)9 ([) ^mf\af_* gj eYcaf_ YjjYf_]e]flk lg ^mf\* alk hYjla[ahYlagf af Y HgYf j]im]kl]\ Zq Y >gjjgo]j af Y QladakYlagf N]im]kl Zml fgl eY\] Zq j]Ykgf g^ l`] gh]jYlagf g^ Yfq gf] gj egj] g^ l`] hjgnakagfk g^ l`ak =_j]]e]fl (gl`]j l`Yf Zq j]Ykgf g^ \]^Ymdl gj f]_da_]f[] Zq l`Yl BafYf[] LYjlq Ydgf])9 gj (\) Y HgYf (gj hYjl g^ Y HgYf) fgl Z]af_ hj]hYa\ af Y[[gj\Yf[] oal` Y fgla[] g^ hj]hYqe]fl _an]f Zq Y >gjjgo]j gj l`] ?gehYfq, ,2). >^TU]^Ydi d_ dXU 6WU^d P`] ?gehYfq k`Ydd hjgehldq af\]efa^q l`] =_]fl Y_Yafkl Yfq [gkl* dgkk gj daYZadalq af[mjj]\ Zq l`] =_]fl (Y[laf_ j]YkgfYZdq) Yk Y j]kmdl g^8 (Y) afn]kla_Ylaf_ Yfq ]n]fl o`a[` al j]YkgfYZdq Z]da]n]k ak Y @]^Ymdl9 (Z) Y[laf_ gj j]dqaf_ gf Yfq fgla[]* j]im]kl gj afkljm[lagf o`a[` al j]YkgfYZdq Z]da]n]k lg Z] _]fmaf]* [gjj][l Yf\ YhhjghjaYl]dq Yml`gjak]\9 gj ([) afkljm[laf_ dYoq]jk* Y[[gmflYflk* lYp Y\nak]jk* kmjn]qgjk gj gl`]j hjg^]kkagfYd Y\nak]jk gj ]ph]jlk Yk h]jeall]\ mf\]j l`ak =_j]]e]fl, ,3) B>I><6I>DC 7N I=: A:C9:GH ,3), BYdYWQdY_^ (Y) AY[` BafYf[] LYjlq k`Ydd* af [gfkmdlYlagf oal` l`] ?gehYfq* lYc] Ydd j]YkgfYZd] kl]hk lg eala_Yl] Yfq [aj[meklYf[]k o`a[` Yjak] Yf\ o`a[` ogmd\ j]kmdl af Yfq Yegmfl Z][geaf_ hYqYZd] mf\]j gj hmjkmYfl lg* gj [Yf[]dd]\ hmjkmYfl lg* Yfq g^ [dYmk] 7,/ (Illegality)* [dYmk] /3 (Tax gross-up and indemnities) gj [dYmk] /4 (Increased Costs) af[dm\af_ (Zml fgl daeal]\ lg) ljYfk^]jjaf_ alk ja_`lk Yf\ gZda_Ylagfk mf\]j l`] BafYf[] @g[me]flk lg Yfgl`]j =^^adaYl] gj BY[adalq K^^a[], (Z) ?dYmk] /6,/(Y) \g]k fgl af Yfq oYq daeal l`] gZda_Ylagfk g^ Yfq KZda_gj mf\]j l`] BafYf[] @g[me]flk, ,3)- AY]YdQdY_^ _V \YQRY\Ydi (Y) P`] ?gehYfq k`Ydd hjgehldq af\]efa^q ]Y[` BafYf[] LYjlq ^gj Ydd [gklk Yf\ ]ph]fk]k j]YkgfYZdq af[mjj]\ Zq l`Yl BafYf[] LYjlq Yk Y j]kmdl g^ kl]hk lYc]f Zq al mf\]j [dYmk] /6,/ (Mitigation), 1;5=487:"2:>69;<6"31-"++,/002%#%%**#(%..#+02'#)0+$)(&//%0. 

 

#/046.26.4n6:=?PERA< + BY[adala]k Y_j]]e]fl + Hmp^]j+ ATA?QPEKJ 62 (Z) = BafYf[] LYjlq ak fgl gZda_]\ lg lYc] Yfq kl]hk mf\]j [dYmk] /6,/ (Mitigation) a^* af l`] ghafagf g^ l`Yl BafYf[] LYjlq (Y[laf_ j]YkgfYZdq)* lg \g kg ea_`l Z] hj]bm\a[aYd lg al, ,4) 8DHIH 6C9 :ME:CH:H ,4), IbQ^cQSdY_^ Uh`U^cUc P`] ?gehYfq k`Ydd hjgehldq gf \]eYf\ hYq l`] =_]fl Yf\ l`] =jjYf_]j l`] Yegmfl g^ Ydd [gklk Yf\ ]ph]fk]k (af[dm\af_ d]_Yd ^]]k kmZb][l lg Yfq [Yh hj]nagmkdq Y_j]]\ Z]lo]]f l`] ?gehYfq Yf\ l`] =_]fl) j]YkgfYZdq af[mjj]\ Zq Yfq g^ l`]e af [gff][lagf oal` l`] f]_glaYlagf* hj]hYjYlagf* hjaflaf_ Yf\ ]p][mlagf g^8 (Y) l`ak =_j]]e]fl Yf\ Yfq gl`]j \g[me]flk j]^]jj]\ lg af l`ak =_j]]e]fl9 Yf\ (Z) Yfq gl`]j BafYf[] @g[me]flk ]p][ml]\ Y^l]j l`] \Yl] g^ l`ak =_j]]e]fl, ,4)- 6]U^T]U^d S_cdc E^8 (Y) Yf KZda_gj j]im]klk Yf Ye]f\e]fl* oYan]j gj [gfk]fl9 gj (Z) Yf Ye]f\e]fl ak j]imaj]\ hmjkmYfl lg [dYmk] 1/,/. (Change of currency)* l`] ?gehYfq k`Ydd* oal`af l`j]] >mkaf]kk @Yqk g^ \]eYf\* j]aeZmjk] l`] =_]fl ^gj l`] Yegmfl g^ Ydd [gklk Yf\ ]ph]fk]k (af[dm\af_ d]_Yd ^]]k kmZb][l lg Yfq [Yh hj]nagmkdq Y_j]]\ Z]lo]]f l`] ?gehYfq Yf\ l`] =_]fl) j]YkgfYZdq af[mjj]\ Zq l`] =_]fl af j]khgf\af_ lg* ]nYdmYlaf_* f]_glaYlaf_ gj [gehdqaf_ oal` l`Yl j]im]kl gj j]imaj]e]fl, ,4). :^V_bSU]U^d S_cdc P`] ?gehYfq k`Ydd* oal`af l`j]] >mkaf]kk @Yqk g^ \]eYf\* hYq lg ]Y[` BafYf[] LYjlq l`] Yegmfl g^ Ydd [gklk Yf\ ]ph]fk]k (af[dm\af_ d]_Yd ^]]k) af[mjj]\ Zq l`Yl BafYf[] LYjlq af [gff][lagf oal` l`] ]f^gj[]e]fl g^* gj l`] hj]k]jnYlagf g^ Yfq ja_`lk mf\]j* Yfq BafYf[] @g[me]fl, H:8I>DC 2 <J6G6CI:: -+) <J6G6CI:: 6C9 >C9:BC>IN -+), <eQbQ^dUU Q^T Y^TU]^Ydi AY[` CmYjYflgj ajj]ng[YZdq Yf\ mf[gf\alagfYddq bgafldq Yf\ k]n]jYddq8 (Y) _mYjYfl]]k lg ]Y[` BafYf[] LYjlq hmf[lmYd h]j^gjeYf[] Zq ]Y[` >gjjgo]j g^ Ydd l`Yl >gjjgo]j'k gZda_Ylagfk mf\]j l`] BafYf[] @g[me]flk9 (Z) mf\]jlYc]k oal` ]Y[` BafYf[] LYjlq l`Yl o`]f]n]j Y >gjjgo]j \g]k fgl hYq Yfq Yegmfl o`]f \m] mf\]j gj af [gff][lagf oal` Yfq BafYf[] @g[me]fl* l`Yl CmYjYflgj k`Ydd aee]\aYl]dq gf \]eYf\ hYq l`Yl Yegmfl Yk a^ al oYk l`] hjaf[ahYd gZda_gj9 Yf\ 1;5=487:"2:>69;<6"31-"++,/002%#%%**#(%..#+02'#)0+$)(&//%0. 

 

#/046.26.4n6:=?PERA< + BY[adala]k Y_j]]e]fl + Hmp^]j+ ATA?QPEKJ 63 ([) Y_j]]k oal` ]Y[` BafYf[] LYjlq l`Yl a^ Yfq gZda_Ylagf _mYjYfl]]\ Zq al ak gj Z][ge]k mf]f^gj[]YZd]* afnYda\ gj add]_Yd* al oadd* Yk Yf af\]h]f\]fl Yf\ hjaeYjq gZda_Ylagf* af\]efa^q l`Yl BafYf[] LYjlq aee]\aYl]dq gf \]eYf\ Y_Yafkl Yfq [gkl* dgkk gj daYZadalq al af[mjk Yk Y j]kmdl g^ Y >gjjgo]j fgl hYqaf_ Yfq Yegmfl o`a[` ogmd\* Zml ^gj km[` mf]f^gj[]YZadalq* afnYda\alq gj add]_Ydalq* `Yn] Z]]f hYqYZd] Zq al mf\]j Yfq BafYf[] @g[me]fl gf l`] \Yl] o`]f al ogmd\ `Yn] Z]]f \m], P`] Yegmfl hYqYZd] Zq Y CmYjYflgj mf\]j l`ak af\]efalq oadd fgl ]p[]]\ l`] Yegmfl al ogmd\ `Yn] `Y\ lg hYq mf\]j l`ak [dYmk] 0. a^ l`] Yegmfl [dYae]\ `Y\ Z]]f j][gn]jYZd] gf l`] ZYkak g^ Y _mYjYfl]], -+)- 8_^dY^eY^W WeQbQ^dUU P`ak _mYjYfl]] ak Y [gflafmaf_ _mYjYfl]] Yf\ oadd ]pl]f\ lg l`] mdlaeYl] ZYdYf[] g^ kmek hYqYZd] Zq Yfq KZda_gj mf\]j l`] BafYf[] @g[me]flk* j]_Yj\d]kk g^ Yfq afl]je]\aYl] hYqe]fl gj \ak[`Yj_] af o`gd] gj af hYjl, -+). GUY^cdQdU]U^d E^ Yfq \ak[`Yj_]* j]d]Yk] gj YjjYf_]e]fl (o`]l`]j af j]kh][l g^ l`] gZda_Ylagfk g^ Yfq KZda_gj gj Yfq k][mjalq ^gj l`gk] gZda_Ylagfk gj gl`]joak]) ak eY\] Zq Y BafYf[] LYjlq af o`gd] gj af hYjl gf l`] ZYkak g^ Yfq hYqe]fl* k][mjalq gj gl`]j \akhgkalagf o`a[` ak Ynga\]\ gj emkl Z] j]klgj]\ af afkgdn]f[q* daima\Ylagf* Y\eafakljYlagf gj gl`]joak]* oal`gml daealYlagf* l`]f l`] daYZadalq g^ ]Y[` CmYjYflgj mf\]j l`ak [dYmk] 0. oadd [gflafm] gj Z] j]afklYl]\ Yk a^ l`] \ak[`Yj_]* j]d]Yk] gj YjjYf_]e]fl `Y\ fgl g[[mjj]\, -+)/ LQYfUb _V TUVU^SUc P`] gZda_Ylagfk g^ ]Y[` CmYjYflgj mf\]j l`ak [dYmk] 0. oadd fgl Z] Y^^][l]\ Zq Yf Y[l* geakkagf* eYll]j gj l`af_ o`a[`* Zml ^gj l`ak [dYmk]* ogmd\ j]\m[]* j]d]Yk] gj hj]bm\a[] Yfq g^ alk gZda_Ylagfk mf\]j l`ak [dYmk] 0. (oal`gml daealYlagf Yf\ o`]l`]j gj fgl cfgof lg al gj Yfq BafYf[] LYjlq) af[dm\af_8 (Y) Yfq lae]* oYan]j gj [gfk]fl _jYfl]\ lg* gj [gehgkalagf oal`* Yfq KZda_gj gj gl`]j h]jkgf9 (Z) l`] j]d]Yk] g^ Yfq gl`]j KZda_gj gj Yfq gl`]j h]jkgf mf\]j l`] l]jek g^ Yfq [gehgkalagf gj YjjYf_]e]fl oal` Yfq [j]\algj g^ Yfq e]eZ]j g^ l`] Cjgmh9 ([) l`] lYcaf_* nYjaYlagf* [gehjgeak]* ]p[`Yf_]* j]f]oYd gj j]d]Yk] g^* gj j]^mkYd gj f]_d][l lg h]j^][l* lYc] mh gj ]f^gj[]* Yfq ja_`lk Y_Yafkl* gj k][mjalq gn]j Ykk]lk g^* Yfq KZda_gj gj gl`]j h]jkgf gj Yfq fgf+hj]k]flYlagf gj fgf+gZk]jnYf[] g^ Yfq ^gjeYdalq gj gl`]j j]imaj]e]fl af j]kh][l g^ Yfq afkljme]fl gj Yfq ^Yadmj] lg j]Ydak] l`] ^mdd nYdm] g^ Yfq k][mjalq9 (\) Yfq af[YhY[alq gj dY[c g^ hgo]j* Yml`gjalq gj d]_Yd h]jkgfYdalq g^ gj \akkgdmlagf gj [`Yf_] af l`] e]eZ]jk gj klYlmk g^ Yf KZda_gj gj Yfq gl`]j h]jkgf9 (]) Yfq Ye]f\e]fl* fgnYlagf* kmhhd]e]fl* ]pl]fkagf* j]klYl]e]fl (`go]n]j ^mf\Ye]flYd Yf\ o`]l`]j gj fgl egj] gf]jgmk) gj j]hdY[]e]fl g^ Yfq BafYf[] @g[me]fl gj Yfq gl`]j \g[me]fl gj k][mjalq af[dm\af_* oal`gml daealYlagf* Yfq [`Yf_] af l`] hmjhgk] g^* Yfq ]pl]fkagf g^ gj Yfq af[j]Yk] af Yfq ^Y[adalq gj l`] Y\\alagf g^ Yfq f]o ^Y[adalq mf\]j Yfq BafYf[] @g[me]fl gj gl`]j \g[me]fl gj k][mjalq9 1;5=487:"2:>69;<6"31-"++,/002%#%%**#(%..#+02'#)0+$)(&//%0. 

 

#/046.26.4n6:=?PERA< + BY[adala]k Y_j]]e]fl + Hmp^]j+ ATA?QPEKJ 64 (^) Yfq mf]f^gj[]YZadalq* add]_Ydalq gj afnYda\alq g^ Yfq gZda_Ylagf g^ Yfq h]jkgf mf\]j Yfq BafYf[] @g[me]fl gj Yfq gl`]j \g[me]fl gj k][mjalq9 gj (_) Yfq afkgdn]f[q gj kaeadYj hjg[]]\af_k, -+)0 <eQbQ^d_b >^dU^d Sal`gml hj]bm\a[] lg l`] _]f]jYdalq g^ [dYmk] 0/,2 (Waiver of defences) Zml kmZb][l lg l`] CmYjYfl]] HaealYlagfk* ]Y[` CmYjYflgj ]phj]kkdq [gf^ajek l`Yl al afl]f\k l`Yl l`ak _mYjYfl]] k`Ydd ]pl]f\ ^jge lae] lg lae] lg Yfq (`go]n]j ^mf\Ye]flYd) nYjaYlagf* af[j]Yk]* ]pl]fkagf gj Y\\alagf g^ gj lg Yfq g^ l`] BafYf[] @g[me]flk Yf\-gj Yfq ^Y[adalq gj Yegmfl eY\] YnYadYZd] mf\]j Yfq g^ l`] BafYf[] @g[me]flk ^gj l`] hmjhgk]k g^ gj af [gff][lagf oal` Yfq g^ l`] ^gddgoaf_8 (Y) Zmkaf]kk Y[imakalagfk g^ Yfq fYlmj]9 (Z) af[j]Ykaf_ ogjcaf_ [YhalYd9 ([) ]fYZdaf_ afn]klgj \akljaZmlagfk lg Z] eY\]9 (\) [Yjjqaf_ gml j]kljm[lmjaf_k9 (]) j]^afYf[af_ ]paklaf_ ^Y[adala]k9 (^) j]^afYf[af_ Yfq gl`]j af\]Zl]\f]kk9 (_) eYcaf_ ^Y[adala]k YnYadYZd] lg f]o Zgjjgo]jk9 (`) Yfq gl`]j nYjaYlagf gj ]pl]fkagf g^ l`] hmjhgk]k ^gj o`a[` Yfq km[` ^Y[adalq gj Yegmfl ea_`l Z] eY\] YnYadYZd] ^jge lae] lg lae]9 Yf\ (a) Yfq ^]]k* [gklk Yf\-gj ]ph]fk]k Ykkg[aYl]\ oal` Yfq g^ l`] ^gj]_gaf_, -+)1 >]]UTYQdU bUS_ebcU AY[` CmYjYflgj oYan]k Yfq ja_`l al eYq `Yn] g^ ^ajkl j]imajaf_ Yfq BafYf[] LYjlq (gj Yfq ljmkl]] gj Y_]fl gf alk Z]`Yd^) lg hjg[]]\ Y_Yafkl gj ]f^gj[] Yfq gl`]j ja_`lk gj k][mjalq gj [dYae hYqe]fl ^jge Yfq h]jkgf Z]^gj] [dYaeaf_ ^jge l`Yl CmYjYflgj mf\]j l`ak [dYmk] 0., P`ak oYan]j Yhhda]k ajj]kh][lan] g^ Yfq dYo gj Yfq hjgnakagf g^ Y BafYf[] @g[me]fl lg l`] [gfljYjq, -+)2 6``b_`bYQdY_^c Qflad Ydd Yegmflk o`a[` eYq Z] gj Z][ge] hYqYZd] Zq l`] KZda_gjk mf\]j gj af [gff][lagf oal` l`] BafYf[] @g[me]flk `Yn] Z]]f ajj]ng[YZdq hYa\ af ^mdd* ]Y[` BafYf[] LYjlq (gj Yfq ljmkl]] gj Y_]fl gf alk Z]`Yd^) eYq8 (Y) j]^jYaf ^jge Yhhdqaf_ gj ]f^gj[af_ Yfq gl`]j egf]qk* k][mjalq gj ja_`lk `]d\ gj j][]an]\ Zq l`Yl BafYf[] LYjlq (gj Yfq ljmkl]] gj Y_]fl gf alk Z]`Yd^) af j]kh][l g^ l`gk] Yegmflk* gj Yhhdq Yf\ ]f^gj[] l`] kYe] af km[` eYff]j Yf\ gj\]j Yk al k]]k ^al (o`]l`]j Y_Yafkl l`gk] Yegmflk gj gl`]joak]) Yf\ fg CmYjYflgj k`Ydd Z] ]flald]\ lg l`] Z]f]^al g^ l`] kYe]9 Yf\ 1;5=487:"2:>69;<6"31-"++,/002%#%%**#(%..#+02'#)0+$)(&//%0. 

 

#/046.26.4n6:=?PERA< + BY[adala]k Y_j]]e]fl + Hmp^]j+ ATA?QPEKJ 65 (Z) `gd\ af Yf afl]j]kl+Z]Yjaf_ kmkh]fk] Y[[gmfl Yfq egf]qk j][]an]\ ^jge Yfq CmYjYflgj gj gf Y[[gmfl g^ Yfq CmYjYflgj'k daYZadalq mf\]j l`ak [dYmk] 0., -+)3 9UVUbbQ\ _V <eQbQ^d_bc$ bYWXdc Qflad Ydd Yegmflk o`a[` eYq Z] gj Z][ge] hYqYZd] Zq l`] KZda_gjk mf\]j gj af [gff][lagf oal` l`] BafYf[] @g[me]flk `Yn] Z]]f ajj]ng[YZdq hYa\ af ^mdd Yf\ mfd]kk l`] =_]fl gl`]joak] \aj][lk* fg CmYjYflgj oadd ]p]j[ak] Yfq ja_`lk o`a[` al eYq `Yn] Zq j]Ykgf g^ h]j^gjeYf[] Zq al g^ alk gZda_Ylagfk mf\]j l`] BafYf[] @g[me]flk gj Zq j]Ykgf g^ Yfq Yegmfl Z]af_ hYqYZd]* gj daYZadalq Yjakaf_ mf\]j l`ak [dYmk] 0.8 (Y) lg Z] af\]efa^a]\ Zq Yf KZda_gj9 (Z) lg [dYae Yfq [gfljaZmlagf ^jge Yfq gl`]j _mYjYflgj g^ Yfq KZda_gj'k gZda_Ylagfk mf\]j l`] BafYf[] @g[me]flk9 ([) lg lYc] l`] Z]f]^al (af o`gd] gj af hYjl Yf\ o`]l`]j Zq oYq g^ kmZjg_Ylagf gj gl`]joak]) g^ Yfq ja_`lk g^ l`] BafYf[] LYjla]k mf\]j l`] BafYf[] @g[me]flk gj g^ Yfq gl`]j _mYjYfl]] gj k][mjalq lYc]f hmjkmYfl lg* gj af [gff][lagf oal`* l`] BafYf[] @g[me]flk Zq Yfq BafYf[] LYjlq9 (\) lg Zjaf_ d]_Yd gj gl`]j hjg[]]\af_k ^gj Yf gj\]j j]imajaf_ Yfq KZda_gj lg eYc] Yfq hYqe]fl* gj h]j^gje Yfq gZda_Ylagf* af j]kh][l g^ o`a[` Yfq CmYjYflgj `Yk _an]f Y _mYjYfl]]* mf\]jlYcaf_ gj af\]efalq mf\]j [dYmk] 0.,/ (Guarantee and indemnity)9 (]) lg ]p]j[ak] Yfq ja_`l g^ k]l+g^^ Y_Yafkl Yfq KZda_gj9 Yf\-gj (^) lg [dYae gj hjgn] Yk Y [j]\algj g^ Yfq KZda_gj af [geh]lalagf oal` Yfq BafYf[] LYjlq, E^ Y CmYjYflgj j][]an]k Yfq Z]f]^al* hYqe]fl gj \akljaZmlagf af j]dYlagf lg km[` ja_`lk al k`Ydd `gd\ l`Yl Z]f]^al* hYqe]fl gj \akljaZmlagf lg l`] ]pl]fl f][]kkYjq lg ]fYZd] Ydd Yegmflk o`a[` eYq Z] gj Z][ge] hYqYZd] lg l`] BafYf[] LYjla]k Zq l`] KZda_gjk mf\]j gj af [gff][lagf oal` l`] BafYf[] @g[me]flk lg Z] j]hYa\ af ^mdd gf ljmkl ^gj l`] BafYf[] LYjla]k Yf\ k`Ydd hjgehldq hYq gj ljYfk^]j l`] kYe] lg l`] =_]fl gj Yk l`] =_]fl eYq \aj][l ^gj Yhhda[Ylagf af Y[[gj\Yf[] oal` [dYmk] 1/ (Payment mechanics), -+)4 GU\UQcU _V <eQbQ^d_bc$ bYWXd _V S_^dbYRedY_^ E^ Yfq CmYjYflgj (Y "GUdYbY^W <eQbQ^d_b") []Yk]k lg Z] Y CmYjYflgj af Y[[gj\Yf[] oal` l`] l]jek g^ l`] BafYf[] @g[me]flk ^gj l`] hmjhgk] g^ Yfq kYd] gj gl`]j \akhgkYd g^ l`Yl N]lajaf_ CmYjYflgj l`]f gf l`] \Yl] km[` N]lajaf_ CmYjYflgj []Yk]k lg Z] Y CmYjYflgj8 (Y) l`Yl N]lajaf_ CmYjYflgj ak j]d]Yk]\ Zq ]Y[` gl`]j CmYjYflgj ^jge Yfq daYZadalq (o`]l`]j hYkl* hj]k]fl gj ^mlmj] Yf\ o`]l`]j Y[lmYd gj [gflaf_]fl) lg eYc] Y [gfljaZmlagf lg Yfq gl`]j CmYjYflgj Yjakaf_ Zq j]Ykgf g^ l`] h]j^gjeYf[] Zq Yfq gl`]j CmYjYflgj g^ alk gZda_Ylagfk mf\]j l`] BafYf[] @g[me]flk9 Yf\ (Z) ]Y[` gl`]j CmYjYflgj oYan]k Yfq ja_`lk al eYq `Yn] Zq j]Ykgf g^ l`] h]j^gjeYf[] g^ alk gZda_Ylagfk mf\]j l`] BafYf[] @g[me]flk lg lYc] l`] Z]f]^al (af o`gd] gj af hYjl Yf\ o`]l`]j Zq oYq g^ kmZjg_Ylagf gj gl`]joak]) g^ Yfq ja_`lk g^ l`] BafYf[] LYjla]k mf\]j Yfq BafYf[] @g[me]fl gj g^ Yfq gl`]j k][mjalq lYc]f hmjkmYfl lg* gj af [gff][lagf oal`* Yfq BafYf[] @g[me]fl o`]j] km[` ja_`lk gj k][mjalq Yj] _jYfl]\ Zq gj af j]dYlagf lg l`] Ykk]lk g^ l`] N]lajaf_ CmYjYflgj, 1;5=487:"2:>69;<6"31-"++,/002%#%%**#(%..#+02'#)0+$)(&//%0. 

 

#/046.26.4n6:=?PERA< + BY[adala]k Y_j]]e]fl + Hmp^]j+ ATA?QPEKJ 66 -+),+ <eQbQ^dUU \Y]YdQdY_^c P`ak _mYjYfl]] \g]k fgl Yhhdq lg Yfq daYZadalq lg l`] ]pl]fl l`Yl al ogmd\ j]kmdl af l`ak _mYjYfl]] [gfklalmlaf_ mfdYo^md ^afYf[aYd YkkaklYf[] oal`af l`] e]Yfaf_ g^ k][lagfk 456 gj 457 g^ l`] ?gehYfa]k =[l 0..4 gj Yfq ]imanYd]fl Yf\ Yhhda[YZd] hjgnakagfk mf\]j l`] dYok g^ l`] bmjak\a[lagf g^ l`] j]d]nYfl CmYjYflgj Yf\* oal` j]kh][l lg Yfq =\\alagfYd CmYjYflgj* ak kmZb][l lg Yfq daealYlagfk k]l gml af l`] =[[]kkagf @]]\ Yhhda[YZd] lg km[` =\\alagfYd CmYjYflgj, -+),, JH <eQbQ^dUU \Y]YdQdY_^c (Y) Bgj l`] hmjhgk] g^ l`ak [dYmk] 0.,//8 ":hS\eTUT HgQ` DR\YWQdY_^c" e]Yfk* oal` j]kh][l lg Yfq CmYjYflgj* Yfq OoYh KZda_Ylagf a^* Yf\ lg l`] ]pl]fl l`Yl* Ydd gj Y hgjlagf g^ l`] _mYjYflq `]j]mf\]j g^ km[` CmYjYflgj g^* gj l`] _jYfl Zq km[` CmYjYflgj g^ Y k][mjalq afl]j]kl lg k][mj]* km[` OoYh KZda_Ylagf (gj Yfq _mYjYflq l`]j]g^) ak gj Z][ge]k add]_Yd mf\]j l`] QO ?geeg\alq Ap[`Yf_] =[l (5 Q,O,?, t / ]l k]i,) (l`] "8:6") gj Yfq jmd]* j]_mdYlagf gj gj\]j g^ l`] ?geeg\alq Bmlmj]k PjY\af_ ?geeakkagf (gj l`] Yhhda[Ylagf gj g^^a[aYd afl]jhj]lYlagf g^ Yfq l`]j]g^) Zq najlm] g^ km[` CmYjYflgj'k ^Yadmj] ^gj Yfq j]Ykgf lg [gfklalml] Yf "]da_aZd] [gfljY[l hYjla[ahYfl" Yk \]^af]\ af l`] ?A= Yf\ l`] j]_mdYlagfk l`]j]mf\]j Yl l`] lae] l`] _mYjYflq g^ km[` CmYjYflgj gj l`] _jYfl g^ km[` k][mjalq afl]j]kl Z][ge]k ]^^][lan] oal` j]kh][l lg km[` OoYh KZda_Ylagf, E^ Y OoYh KZda_Ylagf Yjak]k mf\]j Y eYkl]j Y_j]]e]fl _gn]jfaf_ egj] l`Yf gf] koYh* km[` ]p[dmkagf k`Ydd Yhhdq gfdq lg l`] hgjlagf g^ km[` OoYh KZda_Ylagf l`Yl ak YlljaZmlYZd] lg koYhk ^gj o`a[` km[` _mYjYflq `]j]mf\]j gj k][mjalq afl]j]kl ak gj Z][ge]k add]_Yd9 "<eQbQ^dUUT DR\YWQdY_^c" e]Yfk Ydd Yegmflk _mYjYfl]]\ Zq l`] KZda_gjk mf\]j l`ak [dYmk] 0.9 "FeQ\YVYUT :8E <eQbQ^d_b" e]Yfk* af j]kh][l g^ Yfq OoYh KZda_Ylagf* ]Y[` KZda_gj l`Yl `Yk lglYd Ykk]lk ]p[]]\af_ $/.*...*... Yl l`] lae] l`] j]d]nYfl _mYjYfl]] gj _jYfl g^ l`] j]d]nYfl k][mjalq afl]j]kl Z][ge]k ]^^][lan] oal` j]kh][l lg km[` OoYh KZda_Ylagf gj km[` gl`]j h]jkgf Yk [gfklalml]k Yf "]da_aZd] [gfljY[l hYjla[ahYfl" mf\]j l`] ?A= gj Yfq j]_mdYlagfk hjgemd_Yl]\ l`]j]mf\]j Yf\ [Yf [Ymk] Yfgl`]j h]jkgf lg imYda^q Yk Yf "]da_aZd] [gfljY[l hYjla[ahYfl" Yl km[` lae] Zq ]fl]jaf_ aflg Y c]]ho]dd mf\]j O][lagf /Y(/6)(=)(n)(EE) g^ l`] ?A=9 "HgQ`" e]Yfk Yfq "koYh" Yk \]^af]\ af O][lagf /Y(25) g^ l`] ?A= Yf\ j]_mdYlagfk l`]j]mf\]j9 Yf\ "HgQ` DR\YWQdY_^" e]Yfk* oal` j]kh][l lg Yfq CmYjYflgj* Yfq gZda_Ylagf lg hYq gj h]j^gje mf\]j Yfq Y_j]]e]fl* [gfljY[l gj ljYfkY[lagf l`Yl [gfklalml]k Y OoYh, (Z) AY[` KZda_gj Y[cfgod]\_]k l`Yl8 (a) al oadd j][]an] nYdmYZd] \aj][l gj af\aj][l Z]f]^alk Yk Y j]kmdl g^ l`] ljYfkY[lagfk ^afYf[]\ Zq l`] BafYf[] @g[me]flk9 Yf\ (aa) l`gk] Z]f]^alk oadd [gfklalml] j]YkgfYZdq ]imanYd]fl nYdm] Yf\ ^Yaj [gfka\]jYlagf ^gj l`] hmjhgk] g^ Yfq QO dYok j]dYlaf_ lg ^jYm\md]fl ljYfk^]jk Yf\ [gfn]qYf[]k, ([) Jg KZda_gj k`Ydd `Yn] Yfq ja_`l lg j]imaj] Yfq BafYf[] LYjlq lg gZlYaf gj \ak[dgk] Yfq af^gjeYlagf oal` j]kh][l lg8 l`] ^afYf[aYd [gf\alagf gj [`YjY[l]j g^ Yfq KZda_gj gj l`] YZadalq g^ Yfq KZda_gj lg hYq Yf\ h]j^gje alk gZda_Ylagfk `]j]mf\]j9 l`] gZda_Ylagfk g^ 1;5=487:"2:>69;<6"31-"++,/002%#%%**#(%..#+02'#)0+$)(&//%0. 

 

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#/046.26.4n6:=?PERA< + BY[adala]k Y_j]]e]fl + Hmp^]j+ ATA?QPEKJ 7. H:8I>DC 3 G:EG:H:CI6I>DCH' JC9:GI6@>C<H 6C9 :K:CIH D; 9:;6JAI -,) G:EG:H:CI6I>DCH AY[` KZda_gj eYc]k l`] j]hj]k]flYlagfk Yf\ oYjjYfla]k k]l gml af l`ak [dYmk] 0/ lg ]Y[` BafYf[] LYjlq gf l`] \Yl] g^ l`ak =_j]]e]fl, -,), HdQdec (Y) El ak Y [gjhgjYlagf* \mdq af[gjhgjYl]\ Yf\ nYda\dq ]paklaf_ mf\]j l`] dYo g^ alk bmjak\a[lagf g^ af[gjhgjYlagf, (Z) El Yf\ ]Y[` g^ alk OmZka\aYja]k `Yk l`] hgo]j lg gof alk Ykk]lk Yf\ [Yjjq gf alk Zmkaf]kk Yk al ak Z]af_ [gf\m[l]\, ([) AY[` QO KZda_gj ak \mdq imYda^a]\ Yf\ af _gg\ klYf\af_ af alk bmjak\a[lagf g^ af[gjhgjYlagf* gj_YfakYlagf gj ^gjeYlagf Yf\ (a^ \a^^]j]fl) af l`] bmjak\a[lagfk g^ alk hjaf[ahYd hdY[] g^ Zmkaf]kk Yf\ [`a]^ ]p][mlan] g^^a[]* Yf\ ak \mdq imYda^a]\ Yf\ af _gg\ klYf\af_ af ]Y[` gl`]j bmjak\a[lagf af o`a[` l`] ^Yadmj] kg lg imYda^q gj Z] af _gg\ klYf\af_ ak j]YkgfYZdq dac] lg j]kmdl af Y IYl]jaYd =\n]jk] A^^][l, -,)- 7Y^TY^W _R\YWQdY_^c OmZb][l lg l`] H]_Yd N]k]jnYlagfk* l`] gZda_Ylagfk ]phj]kk]\ lg Z] Ykkme]\ Zq al af ]Y[` BafYf[] @g[me]fl Yj] d]_Yd* nYda\* Zaf\af_ Yf\ ]f^gj[]YZd] gZda_Ylagfk, -,). C_^(S_^V\YSd gYdX _dXUb _R\YWQdY_^c OmZb][l lg l`] H]_Yd N]k]jnYlagfk* l`] ]fljq aflg Yf\ h]j^gjeYf[] Zq al g^* Yf\ l`] ljYfkY[lagfk [gfl]ehdYl]\ Zq* l`] BafYf[] @g[me]flk \g fgl Yf\ oadd fgl [gf^da[l oal`8 (Y) Yfq dYo gj j]_mdYlagf Yhhda[YZd] lg al af Yfq eYl]jaYd j]kh][l9 (Z) alk gj Yfq g^ alk OmZka\aYja]k' [gfklalmlagfYd \g[me]flk9 gj ([) Yfq Y_j]]e]fl gj afkljme]fl Zaf\af_ mhgf al gj Yfq g^ alk Ykk]lk gj [gfklalml] Y \]^Ymdl gj l]jeafYlagf ]n]fl (`go]n]j \]k[jaZ]\) mf\]j Yfq km[` Y_j]]e]fl gj afkljme]fl* af ]Y[` [Yk]* lg km[` Yf ]pl]fl gj af km[` Y eYff]j o`a[` ogmd\ `Yn] gj ogmd\ Z] j]YkgfYZdq dac]dq lg `Yn] Y IYl]jaYd =\n]jk] A^^][l, -,)/ E_gUb Q^T QedX_bYdi El `Yk l`] hgo]j lg ]fl]j aflg* h]j^gje Yf\ \]dan]j* Yf\ `Yk lYc]f Ydd f][]kkYjq Y[lagf lg Yml`gjak] alk ]fljq aflg* h]j^gjeYf[] Yf\ \]dan]jq g^* l`] BafYf[] @g[me]flk lg o`a[` al ak Y hYjlq Yf\ l`] ljYfkY[lagfk [gfl]ehdYl]\ Zq l`gk] BafYf[] @g[me]flk, -,)0 KQ\YTYdi Q^T QT]YccYRY\Ydi Y^ UfYTU^SU =dd =ml`gjakYlagfk j]imaj]\8 (Y) lg ]fYZd] al dYo^mddq lg ]fl]j aflg* ]p]j[ak] alk ja_`lk Yf\ [gehdq oal` alk gZda_Ylagfk af l`] BafYf[] @g[me]flk lg o`a[` al ak Y hYjlq9 Yf\ 1;5=487:"2:>69;<6"31-"++,/002%#%%**#(%..#+02'#)0+$)(&//%0. 

 

#/046.26.4n6:=?PERA< + BY[adala]k Y_j]]e]fl + Hmp^]j+ ATA?QPEKJ 7/ (Z) lg eYc] l`] BafYf[] @g[me]flk lg o`a[` al ak Y hYjlq Y\eakkaZd] af ]na\]f[] af alk bmjak\a[lagf g^ af[gjhgjYlagf* `Yn] Z]]f gZlYaf]\ gj ]^^][l]\ Yf\ Yj] af ^mdd ^gj[] Yf\ ]^^][l, -,)1 <_fUb^Y^W \Qg Q^T U^V_bSU]U^d (Y) P`] [`ga[] g^ Af_dak` dYo Yk l`] _gn]jfaf_ dYo g^ l`] BafYf[] @g[me]flk oadd Z] j][g_fak]\ Yf\ ]f^gj[]\ af alk bmjak\a[lagf g^ af[gjhgjYlagf, (Z) =fq bm\_e]fl gZlYaf]\ af Af_dYf\ af j]dYlagf lg Y BafYf[] @g[me]fl oadd Z] j][g_fak]\ Yf\ ]f^gj[]\ af alk bmjak\a[lagf g^ af[gjhgjYlagf, -,)2 >^c_\fU^Si Jg [gjhgjYl] Y[lagf* d]_Yd hjg[]]\af_ gj gl`]j ^gjeYd hjg[]\mj] gj kl]h \]k[jaZ]\ af [dYmk] 03,5 (Insolvency proceedings) gj [aj[meklYf[] \]k[jaZ]\ af [dYmk] 04,4 (Insolvency) gj [dYmk] 04,6 (Creditors' process) `Yk* af ]Y[` [Yk]* kmZb][l lg l`] l`j]k`gd\k Yf\ ]p[]hlagfk k]l gml af km[` [dYmk]k Yf\ l`] gl`]j hjgnakagfk g^ km[` [dYmk]k Z]]f lYc]f Y_Yafkl* gj Yhhda]k lg* Yfq KZda_gj gj IYl]jaYd ?gehYfq* af ]Y[` [Yk]* ]p[dm\af_ Yfq km[` Y[lagfk* hjg[]]\af_k* kl]hk gj hjg[]kk o`a[` `Yn] Z]]f \ak[`Yj_]\* j]ngc]\ gj gl`]joak] dYhk]\, -,)3 9UTeSdY_^ _V IQh El ak fgl j]imaj]\ lg eYc] Yfq PYp @]\m[lagf (Yk \]^af]\ af [dYmk] /3,/ (Definitions)) ^jge Yfq hYqe]fl al eYq eYc] mf\]j Yfq BafYf[] @g[me]fl lg Y H]f\]j o`a[` ak8 (Y) Y MmYda^qaf_ H]f\]j8 (a) ^Yddaf_ oal`af hYjY_jYh` (Y)(a) g^ l`] \]^afalagf g^ "FeQ\YViY^W AU^TUb"9 gj (aa) ]p[]hl o`]j] Y @aj][lagf `Yk Z]]f _an]f mf\]j k][lagf 71/ g^ l`] EP= af j]dYlagf lg l`] hYqe]fl [gf[]jf]\* ^Yddaf_ oal`af hYjY_jYh` (Y)(aa) g^ l`] \]^afalagf g^ "FeQ\YViY^W AU^TUb"9 gj (aaa) ^Yddaf_ oal`af hYjY_jYh` (Z) g^ l`] \]^afalagf g^ "FeQ\YViY^W AU^TUb" gj9 (Z) Y Pj]Ylq H]f\]j Yf\ l`] hYqe]fl ak gf] kh][a^a]\ af Y \aj][lagf _an]f Zq l`] ?geeakkagf]jk g^ N]n]fm] & ?mklgek mf\]j N]_mdYlagf 0 g^ l`] @gmZd] PYpYlagf N]da]^ (PYp]k gf Ef[ge]) (C]f]jYd) N]_mdYlagfk /75. (OE /75.-266), -,)4 C_ VY\Y^W _b cdQ]` dQhUc OmZb][l lg l`] H]_Yd N]k]jnYlagfk* mf\]j l`] dYo g^ alk bmjak\a[lagf g^ af[gjhgjYlagf al ak fgl f][]kkYjq l`Yl l`] BafYf[] @g[me]flk Z] ^ad]\* j][gj\]\ gj ]fjgdd]\ oal` Yfq [gmjl gj gl`]j Yml`gjalq af l`Yl bmjak\a[lagf gj l`Yl Yfq klYeh* j]_akljYlagf gj kaeadYj lYp Z] hYa\ gf gj af j]dYlagf lg l`] BafYf[] @g[me]flk gj l`] ljYfkY[lagfk [gfl]ehdYl]\ Zq l`] BafYf[] @g[me]flk, -,),+ C_ TUVQe\d (Y) Jg An]fl g^ @]^Ymdl ak [gflafmaf_ gj ea_`l j]YkgfYZdq Z] ]ph][l]\ lg j]kmdl ^jge l`] eYcaf_ g^ Yfq QladakYlagf, 1;5=487:"2:>69;<6"31-"++,/002%#%%**#(%..#+02'#)0+$)(&//%0. 

 

#/046.26.4n6:=?PERA< + BY[adala]k Y_j]]e]fl + Hmp^]j+ ATA?QPEKJ 70 (Z) Jg gl`]j ]n]fl gj [aj[meklYf[] ak gmlklYf\af_ o`a[` [gfklalml]k Y \]^Ymdl mf\]j Yfq gl`]j Y_j]]e]fl gj afkljme]fl o`a[` ak Zaf\af_ gf al gj Yfq g^ alk OmZka\aYja]k gj lg o`a[` alk (gj Yfq g^ alk OmZka\aYja]k') Ykk]lk Yj] kmZb][l o`a[` ea_`l `Yn] Y IYl]jaYd =\n]jk] A^^][l, -,),, C_ ]Yc\UQTY^W Y^V_b]QdY_^ (Y) =fq eYl]jaYd ^Y[lmYd af^gjeYlagf hjgna\]\ Zq Yfq e]eZ]j g^ l`] Cjgmh gf gj Z]^gj] l`] \Yl] g^ l`ak =_j]]e]fl oYk ljm] Yf\ Y[[mjYl] af Ydd eYl]jaYd j]kh][lk Yk Yl l`] \Yl] al oYk hjgna\]\ gj Yk Yl l`] \Yl] (a^ Yfq) Yl o`a[` al ak klYl]\, (Z) P`] ^afYf[aYd hjgb][lagfk [gflYaf]\ af l`] Ef^gjeYlagf I]egjYf\me `Yn] Z]]f hj]hYj]\ gf l`] ZYkak g^ j][]fl `aklgja[Yd af^gjeYlagf Yf\ gf l`] ZYkak g^ j]YkgfYZd] Ykkmehlagfk, ([) Jgl`af_ `Yk g[[mjj]\ gj Z]]f geall]\ ^jge l`] Ef^gjeYlagf I]egjYf\me Yf\ fg af^gjeYlagf `Yk Z]]f _an]f gj oal``]d\ l`Yl j]kmdlk af l`] af^gjeYlagf [gflYaf]\ af l`] Ef^gjeYlagf I]egjYf\me Z]af_ mfljm] gj eakd]Y\af_ af Yfq eYl]jaYd j]kh][l, -,),- ;Y^Q^SYQ\ cdQdU]U^dc (Y) Elk Kja_afYd BafYf[aYd OlYl]e]flk o]j] hj]hYj]\ af Y[[gj\Yf[] oal` l`] =[[gmflaf_ Ljaf[ahd]k [gfkakl]fldq Yhhda]\ mfd]kk ]phj]kkdq \ak[dgk]\ lg l`] =_]fl af ojalaf_ lg l`] [gfljYjq Z]^gj] l`] \Yl] g^ l`ak =_j]]e]fl, (Z) Elk Kja_afYd BafYf[aYd OlYl]e]flk ^Yajdq hj]k]fl alk ^afYf[aYd [gf\alagf Yk Yl l`] ]f\ g^ l`] j]d]nYfl BafYf[aYd U]Yj Yf\ alk j]kmdlk g^ gh]jYlagfk \mjaf_ l`] j]d]nYfl BafYf[aYd U]Yj ([gfkgda\Yl]\ af l`] [Yk] g^ l`] ?gehYfq) mfd]kk ]phj]kkdq \ak[dgk]\ lg l`] =_]fl af ojalaf_ lg l`] [gfljYjq Z]^gj] l`] \Yl] g^ l`ak =_j]]e]fl, ([) P`]j] `Yk Z]]f fg eYl]jaYd Y\n]jk] [`Yf_] af alk Zmkaf]kk gj ^afYf[aYd [gf\alagf (gj l`] Zmkaf]kk gj [gfkgda\Yl]\ ^afYf[aYd [gf\alagf g^ l`] Cjgmh* af l`] [Yk] g^ l`] ?gehYfq) kaf[] 1/ @][]eZ]j 0.0., (\) Elk egkl j][]fl ^afYf[aYd klYl]e]flk \]dan]j]\ hmjkmYfl lg [dYmk] 00,/ (Financial  statements) gf gj Y^l]j l`] \Yl] g^ l`ak =_j]]e]fl8 (a) `Yn] Z]]f hj]hYj]\ af Y[[gj\Yf[] oal` l`] =[[gmflaf_ Ljaf[ahd]k Yk Yhhda]\ lg l`] Kja_afYd BafYf[aYd OlYl]e]flk (gj a^ l`]j] `Yk Z]]f Y [`Yf_] lg l`] =[[gmflaf_ Ljaf[ahd]k l`] j]imaj]e]flk g^ [dYmk] 00,1(Z) `Yn] Z]]f [gehda]\ oal`)9 Yf\ (aa) _an] Y ljm] Yf\ ^Yaj na]o g^ (a^ Ym\al]\) gj ^Yajdq hj]k]fl (a^ mfYm\al]\) alk [gfkgda\Yl]\ ^afYf[aYd [gf\alagf Yk Yl l`] ]f\ g^* Yf\ [gfkgda\Yl]\ j]kmdlk g^ gh]jYlagfk ^gj* l`] h]jag\ lg o`a[` l`]q j]dYl], -,),. EQbY `Qcce bQ^[Y^W Elk hYqe]fl gZda_Ylagfk mf\]j l`] BafYf[] @g[me]flk jYfc Yl d]Ykl pari passu oal` l`] [dYaek g^ Ydd alk gl`]j mfk][mj]\ Yf\ mfkmZgj\afYl]\ [j]\algjk* ]p[]hl ^gj gZda_Ylagfk eYf\Ylgjadq hj]^]jj]\ Zq dYo Yhhdqaf_ lg [gehYfa]k _]f]jYddq, 1;5=487:"2:>69;<6"31-"++,/002%#%%**#(%..#+02'#)0+$)(&//%0. 

 

#/046.26.4n6:=?PERA< + BY[adala]k Y_j]]e]fl + Hmp^]j+ ATA?QPEKJ 71 -,),/ C_ `b_SUUTY^Wc (Y) Jg dala_Ylagf* YjZaljYlagf gj Y\eafakljYlan] hjg[]]\af_k g^ gj Z]^gj] Yfq [gmjl* YjZaljYd Zg\q gj Y_]f[q o`a[`* a^ Y\n]jk]dq \]l]jeaf]\* ea_`l j]YkgfYZdq Z] ]ph][l]\ lg `Yn] Y IYl]jaYd =\n]jk] A^^][l `Yk gj `Yn] (lg l`] Z]kl g^ alk cfgod]\_] Yf\ Z]da]^) Z]]f klYjl]\ gj l`j]Yl]f]\ Y_Yafkl al gj Yfq g^ alk OmZka\aYja]k, (Z) Jg bm\_e]fl gj gj\]j g^ Y [gmjl* YjZaljYd Zg\q gj Y_]f[q o`a[` ea_`l j]YkgfYZdq Z] ]ph][l]\ lg `Yn] Y IYl]jaYd =\n]jk] A^^][l `Yk (lg l`] Z]kl g^ alk cfgod]\_] Yf\ Z]da]^) Z]]f eY\] Y_Yafkl al gj Yfq g^ alk OmZka\aYja]k, -,),0 C_ RbUQSX _V \Qgc El `Yk fgl (Yf\ fgf] g^ alk OmZka\aYja]k `Yk) Zj]Y[`]\ Yfq dYo gj j]_mdYlagf o`a[` Zj]Y[` `Yk gj ak j]YkgfYZdq dac]dq lg `Yn] Y IYl]jaYd =\n]jk] A^^][l, -,),1 :^fYb_^]U^dQ\ \Qgc (Y) El Yf\ ]Y[` g^ alk OmZka\aYja]k ak af [gehdaYf[] oal` [dYmk] 04,1 (Afnajgfe]flYd [gehdaYf[]) Yf\* kg ^Yj Yk al ak YoYj]* fg [aj[meklYf[]k `Yn] g[[mjj]\ o`a[` ogmd\ hj]n]fl km[` [gehdaYf[] af Y eYff]j gj lg Yf ]pl]fl o`a[` `Yk gj ak j]YkgfYZdq dac]dq lg j]kmdl af Y IYl]jaYd =\n]jk] A^^][l, (Z) Jg Afnajgfe]flYd ?dYae `Yk Z]]f [gee]f[]\ gj* kg ^Yj Yk al ak YoYj]* ak l`j]Yl]f]\ Y_Yafkl Yfq e]eZ]j g^ l`] Cjgmh o`]j] l`Yl [dYae `Yk gj ak j]YkgfYZdq dac]dq* a^ \]l]jeaf]\ Y_Yafkl l`Yl e]eZ]j g^ l`] Cjgmh* lg j]kmdl af Y IYl]jaYd =\n]jk] A^^][l, ([) P`] [gkl lg l`] Cjgmh g^ [gehdaYf[] oal` Afnajgfe]flYd HYok (af[dm\af_ Afnajgfe]flYd L]jealk) ak* kg ^Yj Yk al ak YoYj]* Y\]imYl]dq hjgna\]\ ^gj af l`] egkl j][]fl Ym\al]\ ^afYf[aYd klYl]e]flk g^ l`] ?gehYfq, -,),2 IQhQdY_^ (Y) El ak fgl (Yf\ fgf] g^ alk OmZka\aYja]k ak) eYl]jaYddq gn]j\m] af l`] ^adaf_ g^ Yfq PYp j]lmjfk Yf\ al ak fgl (Yf\ fgf] g^ alk OmZka\aYja]k ak) gn]j\m] af l`] hYqe]fl g^ Yfq Yegmfl af j]kh][l g^ PYp, (Z) Jg [dYaek gj afn]kla_Ylagfk Yj] Z]af_* gj Yj] j]YkgfYZdq dac]dq lg Z]* eY\] gj [gf\m[l]\ Y_Yafkl al (gj Yfq g^ alk OmZka\aYja]k) oal` j]kh][l lg PYp]k km[` l`Yl Y daYZadalq g^* gj [dYae Y_Yafkl* Yfq e]eZ]j g^ l`] Cjgmh o`a[` ogmd\ `Yn] gj ak j]YkgfYZdq dac]dq lg `Yn] Y IYl]jaYd =\n]jk] A^^][l, ([) El ak j]ka\]fl ^gj PYp hmjhgk]k gfdq af l`] bmjak\a[lagf g^ alk af[gjhgjYlagf, -,),3 BQdUbYQ\ >^dU\\USdeQ\ Eb_`Ubdi El Yf\ ]Y[` g^ alk OmZka\aYja]k8 (Y) ak l`] kgd] d]_Yd Yf\ Z]f]^a[aYd gof]j g^ gj `Yk da[]fk]\ lg al gf fgjeYd [gee]j[aYd l]jek Ydd l`] Efl]dd][lmYd Ljgh]jlq o`a[` ak eYl]jaYd af l`] [gfl]pl g^ alk Zmkaf]kk Yf\ o`a[` ak j]imaj]\ Zq al af gj\]j lg [Yjjq gf alk Zmkaf]kk Yk al ak Z]af_ [gf\m[l]\ Yf\ Yk [gfl]ehdYl]\ lg Z] [gf\m[l]\ Yf\ o`]j] l`] Efl]dd][lmYd Ljgh]jlq ak da[]fk]\ lg al* l`Yl da[]f[] `Yk fgl Z]]f Zj]Y[`]\ af Yfq eYl]jaYd j]kh][l gj l]jeafYl]\ Zq Yfq hYjlq9 1;5=487:"2:>69;<6"31-"++,/002%#%%**#(%..#+02'#)0+$)(&//%0. 

 

#/046.26.4n6:=?PERA< + BY[adala]k Y_j]]e]fl + Hmp^]j+ ATA?QPEKJ 72 (Z) \g]k fgl* af [Yjjqaf_ gf alk Zmkaf]kk]k* af^jaf_] Yfq Efl]dd][lmYd Ljgh]jlq g^ Yfq l`aj\ hYjlq af Yfq j]kh][l o`a[` `Yk gj ak j]YkgfYZdq dac]dq lg `Yn] Y IYl]jaYd =\n]jk] A^^][l9 Yf\ ([) `Yk lYc]f Ydd ^gjeYd gj hjg[]\mjYd Y[lagfk (af[dm\af_ hYqe]fl g^ ^]]k) j]imaj]\ lg eYaflYaf Yfq eYl]jaYd Efl]dd][lmYd Ljgh]jlq gof]\ Zq al o`a[` ak j]imaj]\ Zq al af gj\]j lg [Yjjq gf alk Zmkaf]kk Yk al ak Z]af_ [gf\m[l]\ Yf\ Yk [gfl]ehdYl]\ lg Z] [gf\m[l]\, -,),4 DR\YW_bc AY[` IYl]jaYd ?gehYfq l`Yl ak fgl af Yf Ap[dm\]\ Fmjak\a[lagf ak Yf KZda_gj gf l`] ^ajkl QladakYlagf @Yl], -,)-+ 6SS_e^dY^W bUVUbU^SU TQdU P`] =[[gmflaf_ N]^]j]f[] @Yl] g^ ]Y[` e]eZ]j g^ l`] Cjgmh ak 1/ @][]eZ]j, -,)-, 8U^dbU _V ]QY^ Y^dUbUcdc Q^T UcdQR\YcX]U^dc Ef j]kh][l g^ Yfq KZda_gj af[gjhgjYl]\ af l`] Amjgh]Yf Qfagf* ^gj l`] hmjhgk]k g^ l`] ?gmf[ad g^ P`] Amjgh]Yf Qfagf N]_mdYlagf Jg, 0./3-626 gf Efkgdn]f[q Ljg[]]\af_k (j][Ykl) (l`] "GUWe\QdY_^") alk []flj] g^ eYaf afl]j]kl (Yk l`Yl l]je ak mk]\ af =jla[d] 1(/) g^ l`] N]_mdYlagf) ak kalmYl]\ af alk bmjak\a[lagf g^ af[gjhgjYlagf Yf\ al `Yk fg "]klYZdak`e]fl" (Yk l`Yl l]je ak mk]\ af =jla[d] 0(/.) g^ l`] N]_mdYlagf) af Yfq gl`]j bmjak\a[lagf gl`]j l`] bmjak\a[lagf g^ alk af[gjhgjYlagf, -,)-- 6^dY(8_bbe`dY_^ AQgc Q^T HQ^SdY_^c (Y) Jg KZda_gj* fgj lg l`] cfgod]\_] g^ Yfq KZda_gj (Y^l]j \m] Yf\ [Yj]^md ]fimajq af j]kh][l g^ \aj][lgjk Yf\ g^^a[]jk gfdq)* Yfq \aj][lgj* g^^a[]j* Y_]fl* ]ehdgq]]* =^^adaYl] gj gl`]j h]jkgf Y[laf_ gf Z]`Yd^ g^ Yf KZda_gj gj Yfq g^ alk OmZka\aYja]k `Yk lYc]f Yfq Y[lagf \aj][ldq gj af\aj][ldq l`Yl ogmd\ j]kmdl af Y nagdYlagf Zq km[` h]jkgfk g^ l`] =fla+?gjjmhlagf HYok, Bmjl`]jegj]* ]Y[` KZda_gj Yf\* lg l`] cfgod]\_] g^ ]Y[` KZda_gj* alk =^^adaYl]k `Yn] [gf\m[l]\ l`]aj Zmkaf]kk]k af [gehdaYf[] oal` l`] =fla+ ?gjjmhlagf HYok Yf\ `Yn] afklalml]\ Yf\ eYaflYaf hgda[a]k Yf\ hjg[]\mj]k \]ka_f]\ lg ]fkmj]* Yf\ o`a[` Yj] j]YkgfYZdq ]ph][l]\ lg [gflafm] lg ]fkmj]* [gflafm]\ [gehdaYf[] oal` l`] =fla+?gjjmhlagf HYok, (Z) Jg KZda_gj `Yk cfgod]\_] (Y^l]j \m] Yf\ [Yj]^md ]fimajq af j]kh][l g^ e]eZ]jk g^ l`] Cjgmh* \aj][lgjk Yf\ g^^a[]jk gfdq) l`Yl al gj Yfq gl`]j e]eZ]j g^ l`] Cjgmh* Yfq \aj][lgj gj g^^a[]j* gj Yfq ]ehdgq]]* Y_]fl gj =^^adaYl]* g^ Yf KZda_gj gj Yfq g^ alk OmZka\aYja]k8 (a) ak Y h]jkgf l`Yl ak* gj ak gof]\ gj [gfljgdd]\* \aj][ldq gj af\aj][ldq* Zq Yfq h]jkgf o`a[` ak dakl]\* gf Y OYf[lagfk Hakl9 Zq h]jkgfk l`Yl Yj]* l`] lYj_]l gj kmZb][l g^ Yfq OYf[lagfk9 gj (aa) ak dg[Yl]\* gj_Yfak]\ gj j]ka\]fl af Y OYf[lagf]\ ?gmfljq, -,)-. JH U]`\_iUU RU^UVYd `\Q^c (Y) AY[` KZda_gj Yf\ ]Y[` ANEO= =^^adaYl] l`]j]g^ `Yn] gh]jYl]\ Yf\ Y\eafakl]j]\ ]Y[` LdYf af [gehdaYf[] oal` Ydd Yhhda[YZd] dYok (af[dm\af_* Zml fgl daeal]\ lg* ANEO= Yf\ 1;5=487:"2:>69;<6"31-"++,/002%#%%**#(%..#+02'#)0+$)(&//%0. 

 

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#/046.26.4n6:=?PERA< + BY[adala]k Y_j]]e]fl + Hmp^]j+ ATA?QPEKJ 76 --)/ >^V_b]QdY_^5 ]YcSU\\Q^U_ec P`] ?gehYfq k`Ydd kmhhdq lg l`] =_]fl (af km^^a[a]fl [gha]k ^gj Ydd l`] H]f\]jk* a^ l`] =_]fl kg j]im]klk)8 (Y) Ydd eYl]jaYd \g[me]flk \akhYl[`]\ Zq l`] ?gehYfq lg alk k`Yj]`gd\]jk (gj Yfq [dYkk g^ l`]e) gj alk [j]\algjk _]f]jYddq Yl l`] kYe] lae] Yk l`]q Yj] \akhYl[`]\9 (Z) hjgehldq mhgf Z][geaf_ YoYj] g^ l`]e* l`] \]lYadk g^ Yfq dala_Ylagf* YjZaljYlagf gj Y\eafakljYlan] hjg[]]\af_k o`a[` Yj] [mjj]fl* l`j]Yl]f]\ gj h]f\af_ Y_Yafkl Yfq e]eZ]j g^ l`] Cjgmh* Yf\ o`a[` ogmd\ gj ak j]YkgfYZdq dac]dq lg* a^ Y\n]jk]dq \]l]jeaf]\* `Yn] Y IYl]jaYd =\n]jk] A^^][l9 ([) hjgehldq mhgf Z][geaf_ YoYj] g^ l`]e* l`] \]lYadk g^ Yfq bm\_e]fl gj gj\]j g^ Y [gmjl* YjZaljYd Zg\q gj Y_]f[q o`a[` ak eY\] Y_Yafkl Yfq e]eZ]j g^ l`] Cjgmh* Yf\ o`a[` ogmd\ gj ak j]YkgfYZdq dac]dq lg `Yn] Y IYl]jaYd =\n]jk] A^^][l9 (\) hjgehldq* km[` ^mjl`]j af^gjeYlagf j]_Yj\af_ l`] ^afYf[aYd [gf\alagf* Zmkaf]kk Yf\ gh]jYlagfk g^ Yfq e]eZ]j g^ l`] Cjgmh Yk Yfq BafYf[] LYjlq (l`jgm_` l`] =_]fl) eYq j]YkgfYZdq j]im]kl9 (]) l`] imYjl]jdq Yffgmf[]e]flk l`Yl al eYc]k lg l`] J]o Ugjc Olg[c Ap[`Yf_]9 Yf\ (^) hjgehldq mhgf Z][geaf_ YoYj] g^ al* fgla[] g^ l`] g[[mjj]f[] g^ Yfq ANEO= An]fl* ]p[]hl Yk ogmd\ fgl j]YkgfYZdq Z] ]ph][l]\ lg `Yn]* ]al`]j kaf_dq gj af l`] Y__j]_Yl]* Y IYl]jaYd =\n]jk] A^^][l* gj l`] ]klYZdak`e]fl gj khgfkgjk`ah g^ Yfq ANEO= LdYfk, Bgj Yk dgf_ Yk l`] ?gehYfq ak dakl]\* Yfq hmZda[ N]_mdYlgjq J]ok O]jna[] Yffgmf[]e]flk gj gl`]j hmZda[ \]dan]jq lg k`Yj]`gd\]jk k`Ydd Z] \]]e]\ lg kYlak^q Ydd ]imanYd]fl j]hgjlaf_ Yf\ af^gjeYlagf j]imaj]e]flk af l`ak =_j]]e]fl, --)0 C_dYVYSQdY_^ _V TUVQe\d (Y) AY[` KZda_gj k`Ydd fgla^q l`] =_]fl g^ Yfq @]^Ymdl (Yf\ l`] kl]hk* a^ Yfq* Z]af_ lYc]f lg j]e]\q al) hjgehldq mhgf Z][geaf_ YoYj] g^ alk g[[mjj]f[] (mfd]kk l`Yl KZda_gj ak YoYj] l`Yl Y fgla^a[Ylagf `Yk Ydj]Y\q Z]]f hjgna\]\ Zq Yfgl`]j KZda_gj), (Z) Ljgehldq mhgf Y j]im]kl Zq l`] =_]fl* l`] ?gehYfq k`Ydd kmhhdq lg l`] =_]fl Y []jla^a[Yl] ka_f]\ Zq log g^ alk \aj][lgjk gj k]fagj g^^a[]jk gf alk Z]`Yd^ []jla^qaf_ l`Yl fg @]^Ymdl ak [gflafmaf_ (gj a^ Y @]^Ymdl ak [gflafmaf_* kh][a^qaf_ l`] @]^Ymdl Yf\ l`] kl]hk* a^ Yfq* Z]af_ lYc]f lg j]e]\q al), --)1 9YbUSd U\USdb_^YS TU\YfUbi Ri 8_]`Q^i P`] ?gehYfq eYq kYlak^q alk gZda_Ylagf mf\]j l`ak =_j]]e]fl lg \]dan]j Yfq af^gjeYlagf af j]dYlagf lg Y H]f\]j Zq \]dan]jaf_ l`Yl af^gjeYlagf \aj][ldq lg l`Yl H]f\]j af Y[[gj\Yf[] oal` [dYmk] 11,4 (Electronic communication) lg l`] ]pl]fl l`Yl H]f\]j Yf\ l`] =_]fl Y_j]] lg l`ak e]l`g\ g^ \]dan]jq, --)2 "Know your customer" SXUS[c (Y) E^8 1;5=487:"2:>69;<6"31-"++,/002%#%%**#(%..#+02'#)0+$)(&//%0. 

 

#/046.26.4n6:=?PERA< + BY[adala]k Y_j]]e]fl + Hmp^]j+ ATA?QPEKJ 77 (a) l`] afljg\m[lagf g^ gj Yfq [`Yf_] af (gj af l`] afl]jhj]lYlagf* Y\eafakljYlagf gj Yhhda[Ylagf g^) Yfq dYo gj j]_mdYlagf eY\] Y^l]j l`] \Yl] g^ l`ak =_j]]e]fl9 (aa) Yfq [`Yf_] af l`] klYlmk g^ Yf KZda_gj (gj g^ Y Dgd\af_ ?gehYfq g^ Yf KZda_gj) Y^l]j l`] \Yl] g^ l`ak =_j]]e]fl9 gj (aaa) Y hjghgk]\ Ykka_fe]fl gj ljYfk^]j Zq Y H]f\]j g^ Yfq g^ alk ja_`lk Yf\ gZda_Ylagfk mf\]j l`ak =_j]]e]fl lg Y hYjlq l`Yl ak fgl Y H]f\]j hjagj lg km[` Ykka_fe]fl gj ljYfk^]j* gZda_]k l`] =_]fl gj Yfq H]f\]j (gj* af l`] [Yk] g^ [dYmk] 00,5(Y)(aaa)* Yfq hjgkh][lan] f]o H]f\]j) lg [gehdq oal` "know your customer" gj kaeadYj a\]fla^a[Ylagf hjg[]\mj]k af [aj[meklYf[]k o`]j] l`] f][]kkYjq af^gjeYlagf ak fgl Ydj]Y\q YnYadYZd] lg al* ]Y[` KZda_gj k`Ydd hjgehldq mhgf l`] j]im]kl g^ l`] =_]fl gj Yfq H]f\]j kmhhdq* gj hjg[mj] l`] kmhhdq g^* km[` \g[me]flYlagf Yf\ gl`]j ]na\]f[] Yk ak j]YkgfYZdq j]im]kl]\ Zq l`] =_]fl (^gj alk]d^ gj gf Z]`Yd^ g^ Yfq H]f\]j) gj Yfq H]f\]j (^gj alk]d^ gj* af l`] [Yk] g^ l`] ]n]fl \]k[jaZ]\ af [dYmk] 00,5(Y)(aaa)* gf Z]`Yd^ g^ Yfq hjgkh][lan] f]o H]f\]j) af gj\]j ^gj l`] =_]fl* km[` H]f\]j gj* af l`] [Yk] g^ l`] ]n]fl \]k[jaZ]\ af [dYmk] 00,5(Y)(aaa)* Yfq hjgkh][lan] f]o H]f\]j lg [Yjjq gml Yf\ Z] kYlak^a]\ al `Yk [gehda]\ oal` Ydd f][]kkYjq "know your customer" gj gl`]j kaeadYj [`][ck mf\]j Ydd Yhhda[YZd] dYok Yf\ j]_mdYlagfk hmjkmYfl lg l`] ljYfkY[lagfk [gfl]ehdYl]\ af l`] BafYf[] @g[me]flk, (Z) AY[` H]f\]j k`Ydd hjgehldq mhgf l`] j]im]kl g^ l`] =_]fl kmhhdq* gj hjg[mj] l`] kmhhdq g^* km[` \g[me]flYlagf Yf\ gl`]j ]na\]f[] Yk ak j]YkgfYZdq j]im]kl]\ Zq l`] =_]fl (^gj alk]d^) af gj\]j ^gj l`] =_]fl lg [Yjjq gml Yf\ Z] kYlak^a]\ al `Yk [gehda]\ oal` Ydd f][]kkYjq "know your customer" gj gl`]j kaeadYj [`][ck mf\]j Ydd Yhhda[YZd] dYok Yf\ j]_mdYlagfk hmjkmYfl lg l`] ljYfkY[lagfk [gfl]ehdYl]\ af l`] BafYf[] @g[me]flk, ([) P`] ?gehYfq k`Ydd* Zq fgl d]kk l`Yf /. >mkaf]kk @Yqk' hjagj ojall]f fgla[] lg l`] =_]fl* fgla^q l`] =_]fl (o`a[` k`Ydd hjgehldq fgla^q l`] H]f\]jk) g^ alk afl]flagf lg j]im]kl l`Yl gf] g^ alk OmZka\aYja]k Z][ge]k Yf =\\alagfYd KZda_gj hmjkmYfl lg [dYmk] 05 (Changes to the Obligors), (\) Bgddgoaf_ l`] _anaf_ g^ Yfq fgla[] hmjkmYfl lg [dYmk] 00,5([)* a^ l`] Y[[]kkagf g^ km[` =\\alagfYd KZda_gj gZda_]k l`] =_]fl gj Yfq H]f\]j lg [gehdq oal` "know your  customer" gj kaeadYj a\]fla^a[Ylagf hjg[]\mj]k af [aj[meklYf[]k o`]j] l`] f][]kkYjq af^gjeYlagf ak fgl Ydj]Y\q YnYadYZd] lg al* l`] ?gehYfq k`Ydd hjgehldq mhgf l`] j]im]kl g^ l`] =_]fl gj Yfq H]f\]j kmhhdq* gj hjg[mj] l`] kmhhdq g^* km[` \g[me]flYlagf Yf\ gl`]j ]na\]f[] Yk ak j]YkgfYZdq j]im]kl]\ Zq l`] =_]fl (^gj alk]d^ gj gf Z]`Yd^ g^ Yfq H]f\]j) gj Yfq H]f\]j (^gj alk]d^ gj gf Z]`Yd^ g^ Yfq hjgkh][lan] f]o H]f\]j) af gj\]j ^gj l`] =_]fl gj km[` H]f\]j gj Yfq hjgkh][lan] f]o H]f\]j lg [Yjjq gml Yf\ Z] kYlak^a]\ al `Yk [gehda]\ oal` Ydd f][]kkYjq "know your customer" gj gl`]j kaeadYj [`][ck mf\]j Ydd Yhhda[YZd] dYok Yf\ j]_mdYlagfk hmjkmYfl lg l`] Y[[]kkagf g^ km[` OmZka\aYjq lg l`ak =_j]]e]fl Yk Yf =\\alagfYd KZda_gj, (]) Sal`gml daealaf_ l`] ^gj]_gaf_ hjgnakagfk g^ l`ak ?dYmk]* ]Y[` BafYf[] LYjlq `]j]Zq fgla^a]k l`] KZda_gjk l`Yl hmjkmYfl lg l`] j]imaj]e]flk g^ l`] QO= LYljagl =[l* al eYq Z] j]imaj]\ lg gZlYaf* n]ja^q Yf\ j][gj\ af^gjeYlagf l`Yl a\]fla^a]k ]Y[` KZda_gj* o`a[` af^gjeYlagf af[dm\]k l`] fYe] Yf\ Y\\j]kk g^ ]Y[` KZda_gj Yf\ gl`]j af^gjeYlagf l`Yl oadd Yddgo Yfq BafYf[] LYjlq lg a\]fla^q ]Y[` KZda_gj af Y[[gj\Yf[] oal` l`] QO= LYljagl =[l, AY[` KZda_gj k`Ydd* hjgehldq ^gddgoaf_ Y j]im]kl Zq Yfq 1;5=487:"2:>69;<6"31-"++,/002%#%%**#(%..#+02'#)0+$)(&//%0. 

 

#/046.26.4n6:=?PERA< + BY[adala]k Y_j]]e]fl + Hmp^]j+ ATA?QPEKJ /.. BafYf[] LYjlq* hjgna\] Ydd \g[me]flYlagf Yf\ gl`]j af^gjeYlagf l`Yl km[` BafYf[] LYjlq j]im]klk af gj\]j lg [gehdq oal` alk gf_gaf_ gZda_Ylagfk mf\]j Yhhda[YZd] QO "cfgo qgmj [mklge]j" Yf\ Yfla+egf]q dYmf\]jaf_ jmd]k Yf\ j]_mdYlagfk* af[dm\af_ l`] QO= LYljagl =[l, -.) ;>C6C8>6A 8DK:C6CIH -.), ;Y^Q^SYQ\ TUVY^YdY_^c Ef l`ak =_j]]e]fl8 "6fUbQWU :hSXQ^WU GQdU" e]Yfk l`] /0 Igfl` Yn]jY_] g^ l`] egfl` ]f\ ]p[`Yf_] jYl]k Yk j]^]j]f[]\ lg N]ml]jk* gj a^ N]ml]jk []Yk]k lg hmZdak` km[` ]p[`Yf_] jYl]k* l`] /0 Igfl` Yn]jY_] g^ l`] egfl` ]f\ ]p[`Yf_] jYl]k hmZdak`]\ Zq Yfgl`]j kgmj[] Yk Yj] Y_j]]\ Z]lo]]f l`] ?gehYfq Yf\ l`] =_]fl (Y[laf_ gf l`] afkljm[lagfk g^ l`] IYbgjalq H]f\]jk)9 "8_^c_\YTQdUT :7>I96" e]Yfk* af j]kh][l g^ Yfq N]d]nYfl L]jag\* [gfkgda\Yl]\ A>EP ^gj l`Yl N]d]nYfl L]jag\ Y^l]j Y\\af_ ZY[c Yfq Yegmfl YlljaZmlYZd] lg l`] YegjlakYlagf* \]hj][aYlagf gj aehYaje]fl g^ Ykk]lk g^ e]eZ]jk g^ l`] Cjgmh (Yf\ lYcaf_ fg Y[[gmfl g^ l`] j]n]jkYd g^ Yfq hj]nagmk aehYaje]fl [`Yj_] eY\] af l`Yl N]d]nYfl L]jag\)* hjgna\]\ l`Yl ^gj l`] hmjhgk]k g^ \]l]jeafaf_ [gehdaYf[] oal` [dYmk] 01,0 (Financial Condition)* ?gfkgda\Yl]\ A>EP@= k`Ydd8 (Y) af[dm\] l`] ?gfkgda\Yl]\ A>EP@= (Y\bmkl]\ Yk k]l gml af l`ak \]^afalagf) g^ Yfq e]eZ]j g^ l`] Cjgmh gj lg Yfq Zmkaf]kk gj Ykk]lk Y[imaj]\ \mjaf_ l`Yl N]d]nYfl L]jag\ ^gj l`] hYjl g^ l`Yl N]d]nYfl L]jag\ o`]f al oYk fgl Y e]eZ]j g^ l`] Cjgmh Yf\-gj l`] Zmkaf]kk gj Ykk]lk o]j] fgl gof]\ Zq Y e]eZ]j g^ l`] Cjgmh9 Yf\ (Z) ]p[dm\] l`] ?gfkgda\Yl]\ A>EP@= (Y\bmkl]\ Yk k]l gml af l`ak \]^afalagf) YlljaZmlYZd] lg Yfq e]eZ]j g^ l`] Cjgmh gj lg Yfq Zmkaf]kk gj Ykk]lk kgd\ \mjaf_ l`Yl N]d]nYfl L]jag\9 ":7>I" e]Yfk af j]kh][l g^ Yfq N]d]nYfl L]jag\ l`] [gfkgda\Yl]\ gh]jYlaf_ hjg^al g^ l`] ?gehYfq Z]^gj] lYpYlagf (]p[dm\af_ l`] j]kmdlk ^jge \ak[gflafm]\ gh]jYlagfk)8 (Y) Z]^gj] \]\m[laf_ Yfq afl]j]kl* [geeakkagf* ^]]k* \ak[gmflk* hj]hYqe]fl ^]]k* hj]eamek gj [`Yj_]k* _Yafk gj dgkk]k gf BafYf[aYd Ef\]Zl]\f]kk Yf\ gl`]j ^afYf[] hYqe]flk o`]l`]j hYa\* hYqYZd] gj [YhalYdak]\ Zq Yfq e]eZ]j g^ l`] Cjgmh ([Yd[mdYl]\ gf Y [gfkgda\Yl]\ ZYkak) af j]kh][l g^ l`Yl N]d]nYfl L]jag\9 (Y) fgl af[dm\af_ Yfq Y[[jm]\ afl]j]kl goaf_ gj hYa\ lg Yfq e]eZ]j g^ l`] Cjgmh9 (Z) Z]^gj] lYcaf_ aflg Y[[gmfl Yfq Ap[]hlagfYd El]ek9 ([) Z]^gj] \]\m[laf_ Yfq PjYfkY[lagf ?gklk9 (\) Z]^gj] lYcaf_ aflg Y[[gmfl Yfq _Yaf gj dgkk Yjakaf_ ^jge Yf mhoYj\ gj \gofoYj\ j]nYdmYlagf g^ Yfq gl`]j Ykk]l ]p[]hl ^gj l`] aehYaje]fl g^ ogjcaf_ [YhalYd al]ek9 (]) Y^l]j \]\m[laf_ l`] Yegmfl g^ Yfq hjg^al (gj Y\\af_ ZY[c l`] Yegmfl g^ Yfq dgkk) g^ Yfq e]eZ]j g^ l`] Cjgmh o`a[` ak YlljaZmlYZd] lg eafgjalq afl]j]klk9 1;5=487:"2:>69;<6"31-"++,/002%#%%**#(%..#+02'#)0+$)(&//%0. 

 

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#/046.26.4n6:=?PERA< + BY[adala]k Y_j]]e]fl + Hmp^]j+ ATA?QPEKJ /.2 -/). CUWQdYfU `\UTWU Ef l`ak [dYmk] 02,1* "FeQcY(HUSebYdi" e]Yfk Yf YjjYf_]e]fl gj ljYfkY[lagf \]k[jaZ]\ af [dYmk] 02,1(Z), (Y) Jg KZda_gj k`Ydd (Yf\ l`] ?gehYfq k`Ydd ]fkmj] l`Yl fg gl`]j e]eZ]j g^ l`] Cjgmh oadd) [j]Yl] gj h]jeal lg kmZkakl Yfq O][mjalq gn]j Yfq g^ alk Ykk]lk oal`gml l`] hjagj ojall]f [gfk]fl g^ l`] =_]fl (Y[laf_ gf l`] afkljm[lagfk g^ l`] IYbgjalq H]f\]jk), (Z) Jg KZda_gj k`Ydd (Yf\ l`] ?gehYfq k`Ydd ]fkmj] l`Yl fg gl`]j e]eZ]j g^ l`] Cjgmh oadd)8 (a) k]dd* ljYfk^]j gj gl`]joak] \akhgk] g^ Yfq g^ alk Ykk]lk gf l]jek o`]j]Zq l`]q Yj] gj eYq Z] d]Yk]\ lg gj j]+Y[imaj]\ Zq Yf KZda_gj9 (aa) k]dd* ljYfk^]j gj gl`]joak] \akhgk] g^ Yfq g^ alk j][]anYZd]k gf j][gmjk] l]jek9 (aaa) ]fl]j aflg Yfq YjjYf_]e]fl mf\]j o`a[` egf]q gj l`] Z]f]^al g^ Y ZYfc gj gl`]j Y[[gmfl eYq Z] Yhhda]\* k]l+g^^ gj eY\] kmZb][l lg Y [geZafYlagf g^ Y[[gmflk9 gj (an) ]fl]j aflg Yfq gl`]j hj]^]j]flaYd YjjYf_]e]fl `Ynaf_ Y kaeadYj ]^^][l* af [aj[meklYf[]k o`]j] l`] YjjYf_]e]fl gj ljYfkY[lagf ak ]fl]j]\ aflg hjaeYjadq Yk Y e]l`g\ g^ jYakaf_ BafYf[aYd Ef\]Zl]\f]kk gj g^ ^afYf[af_ l`] Y[imakalagf g^ Yf Ykk]l, ([) ?dYmk]k 02,1(Y) Yf\ 02,1(Z) \g fgl Yhhdq lg Yfq O][mjalq gj (Yk l`] [Yk] eYq Z]) MmYka+O][mjalq o`a[` ak L]jeall]\ O][mjalq, -/)/ 9Yc`_cQ\c (Y) Jg KZda_gj k`Ydd (Yf\ l`] ?gehYfq k`Ydd ]fkmj] l`Yl fg gl`]j e]eZ]j g^ l`] Cjgmh oadd) ]fl]j aflg Y kaf_d] ljYfkY[lagf gj Y k]ja]k g^ ljYfkY[lagfk (o`]l`]j j]dYl]\ gj fgl) Yf\ o`]l`]j ngdmflYjq gj afngdmflYjq lg k]dd* d]Yk]* ljYfk^]j gj gl`]joak] \akhgk] g^ (af[dm\af_* oal`gml daealYlagf* hmjkmYfl lg Y @anakagf) Yfq Ykk]l oal`gml l`] hjagj ojall]f [gfk]fl g^ l`] =_]fl (Y[laf_ gf l`] afkljm[lagfk g^ l`] IYbgjalq H]f\]jk), (Z) ?dYmk] 02,2(Y) \g]k fgl Yhhdq lg Yfq kYd]* d]Yk]* ljYfk^]j gj gl`]j \akhgkYd l`Yl ak Y L]jeall]\ @akhgkYd, -/)0 BUbWUb (Y) Jg KZda_gj k`Ydd (Yf\ l`] ?gehYfq k`Ydd ]fkmj] l`Yl fg gl`]j e]eZ]j g^ l`] Cjgmh oadd) ]fl]j aflg Yfq YeYd_YeYlagf* \]e]j_]j* e]j_]j gj [gjhgjYl] j][gfkljm[lagf (af[dm\af_* oal`gml daealYlagf* hmjkmYfl lg Y @anakagf) oal`gml l`] hjagj ojall]f [gfk]fl g^ l`] =_]fl (Y[laf_ gf l`] afkljm[lagfk g^ l`] IYbgjalq H]f\]jk), (Z) ?dYmk] 02,3(Y) \g]k fgl Yhhdq lg Yfq kYd]* d]Yk]* ljYfk^]j gj gl`]j \akhgkYd h]jeall]\ hmjkmYfl lg [dYmk] 02,2 (Disposals), -/)1 6SaeYcYdY_^c (Y) Jg KZda_gj k`Ydd (Yf\ l`] ?gehYfq k`Ydd ]fkmj] l`Yl fg gl`]j e]eZ]j g^ l`] Cjgmh oadd)8 1;5=487:"2:>69;<6"31-"++,/002%#%%**#(%..#+02'#)0+$)(&//%0. 

 

#/046.26.4n6:=?PERA< + BY[adala]k Y_j]]e]fl + Hmp^]j+ ATA?QPEKJ /.3 (a) Y[imaj] Y [gehYfq gj Yfq k`Yj]k gj k][mjala]k gj Y Zmkaf]kk gj mf\]jlYcaf_ (gj* af ]Y[` [Yk]* Yfq afl]j]kl af Yfq g^ l`]e)9 gj (aa) af[gjhgjYl] Y [gehYfq* af ]Y[` [Yk]* oal`gml l`] hjagj ojall]f [gfk]fl g^ l`] =_]fl (Y[laf_ gf l`] afkljm[lagfk g^ l`] IYbgjalq H]f\]jk), (Z) ?dYmk] 02,4(Y) \g]k fgl Yhhdq lg Yf Y[imakalagf g^ Y [gehYfq* g^ k`Yj]k* k][mjala]k gj Y Zmkaf]kk gj mf\]jlYcaf_ (gj* af ]Y[` [Yk]* Yfq afl]j]kl af Yfq g^ l`]e) gj l`] af[gjhgjYlagf g^ Y [gehYfq o`a[` ak Y L]jeall]\ =[imakalagf gj Y L]jeall]\ PjYfkY[lagf, -/)2 ?_Y^d fU^debUc (Y) Jg KZda_gj k`Ydd (Yf\ l`] ?gehYfq k`Ydd ]fkmj] l`Yl fg e]eZ]j g^ l`] Cjgmh oadd)8 (a) ]fl]j aflg* afn]kl af gj Y[imaj] (gj Y_j]] lg Y[imaj]) Yfq k`Yj]k* klg[ck* k][mjala]k gj gl`]j afl]j]kl af Yfq Fgafl R]flmj]9 gj (aa) ljYfk^]j Yfq Ykk]lk gj d]f\ lg gj _mYjYfl]] gj _an] Yf af\]efalq ^gj gj _an] O][mjalq ^gj l`] gZda_Ylagfk g^ Y Fgafl R]flmj] gj eYaflYaf l`] kgdn]f[q g^ gj hjgna\] ogjcaf_ [YhalYd lg Yfq Fgafl R]flmj] (gj Y_j]] lg \g Yfq g^ l`] ^gj]_gaf_)* af ]Y[` [Yk]* oal`gml l`] hjagj ojall]f [gfk]fl g^ l`] =_]fl (Y[laf_ gf l`] afkljm[lagfk g^ l`] IYbgjalq H]f\]jk), (Z) ?dYmk] 02,5(Y)(a) Yf\ 02,5(Y)(aa) \g]k fgl Yhhdq lg Yfq Fgafl R]flmj] o`a[` ak Y L]jeall]\ Fgafl R]flmj], -/)3 ;Y^Q^SYQ\ >^TURdUT^Ucc (Y) P`] ?gehYfq k`Ydd ]fkmj] l`Yl fg e]eZ]j g^ l`] Cjgmh o`a[` ak fgl Yf KZda_gj af[mjk gj Yddgok lg j]eYaf gmlklYf\af_ Yfq BafYf[aYd Ef\]Zl]\f]kk oal`gml l`] hjagj ojall]f [gfk]fl g^ l`] =_]fl (Y[laf_ gf l`] afkljm[lagfk g^ l`] IYbgjalq H]f\]jk), (Z) ?dYmk] 02,6(Y) \g]k fgl Yhhdq lg L]jeall]\ BafYf[aYd Ef\]Zl]\f]kk gj Y L]jeall]\ PjYfkY[lagf, -/)4 A_Q^c _b SbUTYd (Y) Jg KZda_gj k`Ydd (Yf\ l`] ?gehYfq k`Ydd ]fkmj] l`Yl fg e]eZ]j g^ l`] Cjgmh oadd) Z] Y [j]\algj af j]kh][l g^ Yfq BafYf[aYd Ef\]Zl]\f]kk oal`gml l`] hjagj ojall]f [gfk]fl g^ l`] =_]fl (Y[laf_ gf l`] afkljm[lagfk g^ l`] IYbgjalq H]f\]jk), (Z) ?dYmk] 02,7(Y) \g]k fgl Yhhdq lg Y L]jeall]\ HgYf gj Y L]jeall]\ PjYfkY[lagf, -/),+ C_ WeQbQ^dUUc _b Y^TU]^YdYUc (Y) Jg KZda_gj k`Ydd (Yf\ l`] ?gehYfq k`Ydd ]fkmj] l`Yl fg e]eZ]j g^ l`] Cjgmh oadd) af[mj gj Yddgo lg j]eYaf gmlklYf\af_ Yfq _mYjYfl]] af j]kh][l g^ Yfq gZda_Ylagf g^ Yfq h]jkgf oal`gml l`] hjagj ojall]f [gfk]fl g^ l`] =_]fl (Y[laf_ gf l`] afkljm[lagfk g^ l`] IYbgjalq H]f\]jk), 1;5=487:"2:>69;<6"31-"++,/002%#%%**#(%..#+02'#)0+$)(&//%0. 

 

#/046.26.4n6:=?PERA< + BY[adala]k Y_j]]e]fl + Hmp^]j+ ATA?QPEKJ /.4 (Z) ?dYmk] 02,/.(Y) \g]k fgl Yhhdq lg Y L]jeall]\ CmYjYfl]] gj Y L]jeall]\ PjYfkY[lagf, -/),, 8XQ^WU _V RecY^Ucc P`] ?gehYfq k`Ydd hjg[mj] l`Yl fg kmZklYflaYd [`Yf_] ak eY\] lg l`] _]f]jYd fYlmj] g^ l`] Zmkaf]kk g^ l`] ?gehYfq gj l`] Cjgmh ^jge l`Yl [Yjja]\ gf Yl l`] \Yl] g^ l`ak =_j]]e]fl, -/),- :^fYb_^]U^dQ\ S_]`\YQ^SU AY[` KZda_gj k`Ydd (Yf\ l`] ?gehYfq k`Ydd ]fkmj] l`Yl ]Y[` e]eZ]j g^ l`] Cjgmh oadd)8 (Y) [gehdq oal` Ydd Afnajgfe]flYd HYo9 (Z) gZlYaf* eYaflYaf Yf\ ]fkmj] [gehdaYf[] oal` Ydd j]imakal] Afnajgfe]flYd L]jealk9 Yf\ ([) aehd]e]fl hjg[]\mj]k lg egfalgj [gehdaYf[] oal` Yf\ lg hj]n]fl daYZadalq mf\]j Yfq Afnajgfe]flYd HYo* o`]j] ^Yadmj] lg \g kg `Yk gj ak j]YkgfYZdq dac]dq lg `Yn] Y IYl]jaYd =\n]jk] A^^][l, -/),. :^fYb_^]U^dQ\ S\QY]c AY[` KZda_gj k`Ydd (Yf\ l`] ?gehYfq k`Ydd ]fkmj] l`Yl ]Y[` e]eZ]j g^ l`] Cjgmh oadd) hjgehldq mhgf Z][geaf_ YoYj] g^ l`] kYe]* af^gje l`] =_]fl af ojalaf_ g^8 (Y) Yfq Afnajgfe]flYd ?dYae Y_Yafkl Yfq e]eZ]j g^ l`] Cjgmh o`a[` ak [mjj]fl* h]f\af_ gj l`j]Yl]f]\9 Yf\ (Z) Yfq ^Y[lk gj [aj[meklYf[]k o`a[` Yj] j]YkgfYZdq dac]dq lg j]kmdl af Yfq Afnajgfe]flYd ?dYae Z]af_ [gee]f[]\ gj l`j]Yl]f]\ Y_Yafkl Yfq e]eZ]j g^ l`] Cjgmh* o`]j] l`] [dYae* a^ \]l]jeaf]\ Y_Yafkl l`Yl e]eZ]j g^ l`] Cjgmh* `Yk gj ak j]YkgfYZdq dac]dq lg `Yn] Y IYl]jaYd =\n]jk] A^^][l, -/),/ EbUcUbfQdY_^ _V 6ccUdc AY[` KZda_gj k`Ydd eYaflYaf af _gg\ ogjcaf_ gj\]j Yf\ [gf\alagf (gj\afYjq o]Yj Yf\ l]Yj ]p[]hl]\) Ydd g^ alk Ykk]lk f][]kkYjq af l`] [gf\m[l g^ alk Zmkaf]kk* hjgna\]\ l`Yl l`ak [dYmk] 02,/2 k`Ydd fgl hj]n]fl l`] ?gehYfq gj Yfq e]eZ]j g^ l`] Cjgmh ^jge \ak[gflafmaf_ l`] gh]jYlagf Yf\ l`] eYafl]fYf[] g^ Yfq g^ alk Ykk]lk a^ km[` \ak[gflafmYf[] ak \]kajYZd] af l`] [gf\m[l g^ alk Zmkaf]kk Yf\ l`] ?gehYfq `Yk [gf[dm\]\ l`Yl km[` \ak[gflafmYf[] [gmd\ fgl* af\ana\mYddq gj af l`] Y__j]_Yl]* j]YkgfYZdq Z] ]ph][l]\ lg `Yn] Y IYl]jaYd =\n]jk] A^^][l, -/),0 EQbY `Qcce bQ^[Y^W AY[` KZda_gj k`Ydd (Yf\ l`] ?gehYfq k`Ydd ]fkmj] l`Yl ]Y[` e]eZ]j g^ l`] Cjgmh oadd) ]fkmj] l`Yl Yl Ydd lae]k Yfq mfk][mj]\ Yf\ mfkmZgj\afYl]\ [dYaek g^ Y BafYf[] LYjlq Y_Yafkl al mf\]j l`] BafYf[] @g[me]flk jYfc Yl d]Ykl pari passu oal` l`] [dYaek g^ Ydd alk gl`]j mfk][mj]\ Yf\ mfkmZgj\afYl]\ [j]\algjk ]p[]hl l`gk] [j]\algjk o`gk] [dYaek Yj] eYf\Ylgjadq hj]^]jj]\ Zq dYok g^ _]f]jYd Yhhda[Ylagf lg [gehYfa]k, 1;5=487:"2:>69;<6"31-"++,/002%#%%**#(%..#+02'#)0+$)(&//%0. 

 

#/046.26.4n6:=?PERA< + BY[adala]k Y_j]]e]fl + Hmp^]j+ ATA?QPEKJ /.5 -/),1 IbUQcebi dbQ^cQSdY_^c Jg KZda_gj k`Ydd (Yf\ l`] ?gehYfq oadd ]fkmj] l`Yl fg e]eZ]j g^ l`] Cjgmh oadd) ]fl]j aflg Yfq Pj]Ykmjq PjYfkY[lagf* gl`]j l`Yf8 (Y) Yfq `]\_af_ g^ l`] afl]j]kl jYl] daYZadala]k g^ l`] >gjjgo]jk af j]kh][l g^ l`] BY[adalq9 (Z) khgl Yf\ ^gjoYj\ \]dan]jq ^gj]a_f ]p[`Yf_] [gfljY[lk ]fl]j]\ aflg af l`] gj\afYjq [gmjk] g^ Zmkaf]kk Yf\ fgl ^gj kh][mdYlan] hmjhgk]k9 Yf\ ([) Yfq Pj]Ykmjq PjYfkY[lagf ]fl]j]\ aflg ^gj l`] `]\_af_ g^ Y[lmYd gj hjgb][l]\ j]Yd ]phgkmj]k Yjakaf_ af l`] gj\afYjq [gmjk] g^ ljY\af_ Y[lanala]k g^ Y e]eZ]j g^ l`] Cjgmh Yf\ fgl ^gj kh][mdYlan] hmjhgk]k, -/),2 <eQbQ^d_bc (Y) P`] ?gehYfq k`Ydd ]fkmj] l`Yl* kmZb][l lg l`] gl`]j hjgnakagfk g^ l`ak [dYmk] 02,/5* l`] CmYjYflgj ?gn]jY_] P]kl ak kYlak^a]\ o`]f l]kl]\ gf l`] \Yl] gf o`a[` l`] =ffmYd BafYf[aYd OlYl]e]flk Yj] j]imaj]\ lg Z] \]dan]j]\ lg l`] =_]fl af ]Y[` BafYf[aYd U]Yj ([gee]f[af_ oal` l`] =ffmYd BafYf[aYd OlYl]e]flk \]dan]j]\ af j]kh][l g^ l`] BafYf[aYd U]Yj ]f\]\ 1/ @][]eZ]j 0.0/) Zq j]^]j]f[] lg km[` =ffmYd BafYf[aYd OlYl]e]flk Yk [gf^aje]\ Zq l`] ?gehdaYf[] ?]jla^a[Yl] ^jge l`] ?gehYfq* o`a[` k`Ydd Z] prima facie ]na\]f[] l`]j]g^, (Z) E^ l`] CmYjYflgj ?gn]jY_] P]kl ak fgl kYlak^a]\ af Y[[gj\Yf[] oal` l`] hjgnakagfk g^ [dYmk] 02,/5(Y)* l`] ?gehYfq k`Ydd ]fkmj] l`Yl oal`af 4. \Yqk (gj* o`]j] l`] IYl]jaYd ?gehYfq ak af[gjhgjYl]\ af Y bmjak\a[lagf gmlka\] g^ Af_dYf\ Yf\ SYd]k* O[gldYf\ gj Jgjl`]jf Ej]dYf\* 7. \Yqk) g^ l`] \Yl] gf o`a[` l`] =ffmYd BafYf[aYd OlYl]e]flk ^gj l`] j]d]nYfl BafYf[aYd U]Yj Yj] \]dan]j]\ lg l`] =_]fl af Y[[gj\Yf[] oal` l`ak =_j]]e]fl* km[` gl`]j e]eZ]jk g^ l`] Cjgmh (Yk l`] ?gehYfq eYq ]d][l af alk kgd] \ak[j]lagf) k`Ydd* Y[[]\] Yk =\\alagfYd CmYjYflgjk lg ]fkmj] l`Yl l`] CmYjYflgj ?gn]jY_] P]kl ak kYlak^a]\ ([Yd[mdYl]\ Yk a^ km[` =\\alagfYd CmYjYflgjk `Y\ Z]]f CmYjYflgjk Yl l`] ]f\ g^ km[` BafYf[aYd U]Yj), E^ l`] CmYjYflgj ?gn]jY_] P]kl ak kYlak^a]\ oal`af km[` 4. \Yqk gj 7. \Yqk (Yk Yhhda[YZd]) lae] h]jag\* fg @]^Ymdl* An]fl g^ @]^Ymdl gj gl`]j Zj]Y[` g^ l`ak =_j]]e]fl gj l`] gl`]j BafYf[] @g[me]flk k`Ydd Yjak] af j]kh][l l`]j]g^, -/),3 6^dY(8_bbe`dY_^ AQgc Q^T HQ^SdY_^c (Y) AY[` KZda_gj mf\]jlYc]k l`Yl al* Yf\ oadd hjg[mj] l`Yl Yfq gl`]j e]eZ]j g^ l`] Cjgmh* gj Yfq \aj][lgj* Y^^adaYl]* g^^a[]j* Y_]fl* ]ehdgq]] gj h]jkgf Y[laf_ gf Z]`Yd^ g^ l`] ^gj]_gaf_* ak fgl Y N]klja[l]\ L]jkgf Yf\ \g]k fgl Y[l \aj][ldq gj (lg l`] cfgod]\_] g^ Yfq KZda_gj) af\aj][ldq gf Z]`Yd^ g^ Y N]klja[l]\ L]jkgf, (Z) AY[` KZda_gj k`Ydd* Yf\ k`Ydd hjg[mj] l`Yl ]Y[` gl`]j e]eZ]j g^ l`] Cjgmh k`Ydd* fgl mk] Yfq j]n]fm] gj Z]f]^al \]jan]\ ^jge Yfq Y[lanalq gj \]Ydaf_ oal` Y N]klja[l]\ L]jkgf lg Z] mk]\ af \ak[`Yj_af_ Yfq gZda_Ylagf \m] gj goaf_ lg Y BafYf[] LYjlq, ([) AY[` KZda_gj k`Ydd* Yf\ k`Ydd hjg[mj] l`Yl ]Y[` gl`]j e]eZ]j g^ l`] Cjgmh k`Ydd* gj Yfq \aj][lgj* Y^^adaYl]* g^^a[]j* Y_]fl* ]ehdgq]] gj h]jkgf Y[laf_ gf Z]`Yd^ g^ l`] ^gj]_gaf_* lg l`] ]pl]fl h]jeall]\ Zq dYo hjgehldq mhgf Z][geaf_ YoYj] g^ l`]e kmhhdq lg l`] =_]fl \]lYadk g^ Yfq [dYae* Y[lagf* kmal* hjg[]]\af_k gj afn]kla_Ylagf Y_Yafkl al oal` j]kh][l lg OYf[lagfk Zq Yfq OYf[lagfk =ml`gjalq, 1;5=487:"2:>69;<6"31-"++,/002%#%%**#(%..#+02'#)0+$)(&//%0. 

 

#/046.26.4n6:=?PERA< + BY[adala]k Y_j]]e]fl + Hmp^]j+ ATA?QPEKJ /.6 (\) AY[` KZda_gj k`Ydd fgl Yf\ k`Ydd hjg[mj] l`Yl Yfq gl`]j e]eZ]j g^ l`] Cjgmh* Yf\ Yfq \aj][lgj* Y^^adaYl]* g^^a[]j* Y_]fl* ]ehdgq]] gj h]jkgf Y[laf_ gf Z]`Yd^ g^ l`] ^gj]_gaf_* k`Ydd fgl h]jeal gj Yml`gjak] Yfq gl`]j h]jkgf lg* \aj][ldq gj (lg l`] cfgod]\_] g^ Yfq KZda_gj) af\aj][ldq* mk]* d]f\* eYc] hYqe]flk g^* [gfljaZml] gj gl`]joak] eYc] YnYadYZd]* Ydd gj Yfq hYjl g^ l`] hjg[]]\k g^ l`] BY[adalq gj gl`]j ljYfkY[lagfk [gfl]ehdYl]\ Zq l`ak =_j]]e]fl lg ^mf\ Yfq ljY\]* Zmkaf]kk gj gl`]j Y[lanala]k8 (a) afngdnaf_ gj ^gj l`] Z]f]^al g^ Yfq N]klja[l]\ L]jkgf* gj (aa) af Yfq gl`]j eYff]j l`Yl [gmd\ j]kmdl af Yfq KZda_gj gj Yfq BafYf[] LYjlq Z]af_ af Zj]Y[` g^ Yfq OYf[lagfk gj Z][geaf_ Y N]klja[l]\ L]jkgf, (]) Jg KZda_gj k`Ydd* fgj Yfq g^ alk kmZka\aYja]k* \aj][lgjk gj g^^a[]jk* gj lg l`] Z]kl cfgod]\_] g^ km[` KZda_gj* Yfq Y^^adaYl]* Y_]fl gj ]ehdgq]] g^ al k`Ydd* \aj][ldq gj af\aj][ldq mk] l`] hjg[]]\k g^ l`] BY[adalq ^gj Yfq hmjhgk] o`a[` ogmd\ Zj]Y[` l`] >jaZ]jq =[l 0./.* l`] Qfal]\ OlYl]k Bgj]a_f ?gjjmhl LjY[la[]k =[l g^ /755 gj gl`]j kaeadYj d]_akdYlagf af j]dYlagf lg Yfq Yfla+ZjaZ]jq* Yfla+[gjjmhlagf gj Yfla+egf]q dYmf\]jaf_ dYok* jmd]k gj j]_mdYlagfk af gl`]j bmjak\a[lagfk, (^) AY[` KZda_gj* Yf\ ]Y[` g^ alk kmZka\aYja]k* \aj][lgjk* g^^a[]jk* gj* lg l`] Z]kl cfgod]\_] g^ ]Y[` KZda_gj* Yfq Y^^adaYl]* Y_]fl gj ]ehdgq]] k`Ydd8 (a) [gf\m[l alk Zmkaf]kk]k af [gehdaYf[] oal` Yhhda[YZd] Yfla+[gjjmhlagf* Yfla+ ZjaZ]jq Yf\ Yfla+egf]q dYmf\]jaf_ dYok9 Yf\ (aa) eYaflYaf hgda[a]k Yf\ hjg[]\mj]k \]ka_f]\ lg hjgegl] Yf\ Y[`a]n] [gehdaYf[] oal`* Yf\ hj]n]fl nagdYlagf g^* km[` dYok, -/),4 8_]`\YQ^SU gYdX :G>H6 AY[` KZda_gj k`Ydd ]fkmj] l`Yl fg f]o ANEO= LdYfk Yj] ]klYZdak`]\ Y^l]j l`] \Yl] `]j]g^, -/)-+ 8_]`QbQdYfU 8_fU^Q^dc E^ Yl Yfq lae]8 (Y) l`] Jgl] @g[me]flk gj l`] O`]d^ BY[adalq (gj Yfq afkljme]fl o`a[` j]^afYf[]k gj j]hdY[]k l`] Jgl] @g[me]flk gj l`] O`]d^ BY[adalq) af[dm\] Yfq BafYf[aYd ?gn]fYfl (`gokg]n]j \]k[jaZ]\) fgl k]l gml af l`] BafYf[] @g[me]flk (Yfq km[` hjgnakagf* Y "CUg 8_fU^Q^d")9 gj (Z) Yfq BafYf[aYd ?gn]fYfl [gflYaf]\ af l`] Jgl] @g[me]flk gj l`] O`]d^ BY[adalq (gj Yfq afkljme]fl o`a[` j]^afYf[]k gj j]hdY[]k l`] Jgl] @g[me]flk gj l`] O`]d^ BY[adalq) ogmd\ Z] egj] Z]f]^a[aYd lg l`] BafYf[] LYjla]k l`Yf Yfq YfYdg_gmk hjgnakagf [gflYaf]\ af l`] BafYf[] @g[me]flk (Yfq km[` hjgnakagf* Yf ">]`b_fUT 8_fU^Q^d" Yf\* lg_]l`]j oal` Yfq J]o ?gn]fYflk* l`] "6TTYdY_^Q\ 8_fU^Q^dc")* l`]f l`] ?gehYfq k`Ydd hjgna\] Yf =\\alagfYd ?gn]fYfl fgla[] lg l`] =_]fl, Qhgf j][]ahl g^ km[` fgla[]* mfd]kk oYan]\ af ojalaf_ Zq l`] IYbgjalq H]f\]jk oal`af 1. \Yqk g^ j][]ahl g^ km[` =\\alagfYd ?gn]fYfl fgla[] Zq l`] =_]fl* km[` =\\alagfYd ?gn]fYfl k`Ydd Z] \]]e]\ YmlgeYla[Yddq af[gjhgjYl]\ Zq j]^]j]f[] aflg l`ak =_j]]e]fl Yk a^ k]l gml ^mddq l`]j]af* oal`gml Yfq ^mjl`]j Y[lagf j]imaj]\ gf l`] hYjl g^ Yfq h]jkgf* ]^^][lan] Yk g^ l`] \Yl] o`]f km[` =\\alagfYd ?gn]fYfl Z][Ye] ]^^][lan] mf\]j l`] Jgl] @g[me]flk gj* Yk l`] [Yk] eYq Z]* l`] O`]d^ BY[adalq, P`]j]Y^l]j mhgf l`] j]im]kl g^ l`] =_]fl* l`] ?gehYfq k`Ydd ]fl]j aflg Yfq Y\\alagfYd Y_j]]e]fl gj Ye]f\e]fl lg l`ak =_j]]e]fl j]YkgfYZdq j]im]kl]\ Zq l`] =_]fl ]na\]f[af_ l`Yl km[` =\\alagfYd ?gn]fYfl ak af[gjhgjYl]\ aflg l`ak =_j]]e]fl, 1;5=487:"2:>69;<6"31-"++,/002%#%%**#(%..#+02'#)0+$)(&//%0. 

 

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#/046.26.4n6:=?PERA< + BY[adala]k Y_j]]e]fl + Hmp^]j+ ATA?QPEKJ //. -0)0 8b_cc TUVQe\d (Y) =fq BafYf[aYd Ef\]Zl]\f]kk g^ Yfq e]eZ]j g^ l`] Cjgmh ak fgl hYa\ o`]f \m] fgj oal`af Yfq gja_afYddq Yhhda[YZd] _jY[] h]jag\, (Z) =fq BafYf[aYd Ef\]Zl]\f]kk g^ Yfq e]eZ]j g^ l`] Cjgmh ak \][dYj]\ lg Z] gj gl`]joak] Z][ge]k \m] Yf\ hYqYZd] hjagj lg alk kh][a^a]\ eYlmjalq Yk Y j]kmdl g^ Yf ]n]fl g^ \]^Ymdl (`go]n]j \]k[jaZ]\), ([) =fq [geeale]fl ^gj Yfq BafYf[aYd Ef\]Zl]\f]kk g^ Yfq e]eZ]j g^ l`] Cjgmh ak [Yf[]dd]\ gj kmkh]f\]\ Zq Y [j]\algj g^ Yfq e]eZ]j g^ l`] Cjgmh Yk Y j]kmdl g^ Yf ]n]fl g^ \]^Ymdl (`go]n]j \]k[jaZ]\), (\) =fq [j]\algj g^ Yfq e]eZ]j g^ l`] Cjgmh Z][ge]k ]flald]\ lg \][dYj] Yfq BafYf[aYd Ef\]Zl]\f]kk g^ Yfq e]eZ]j g^ l`] Cjgmh \m] Yf\ hYqYZd] hjagj lg alk kh][a^a]\ eYlmjalq Yk Y j]kmdl g^ Yf ]n]fl g^ \]^Ymdl (`go]n]j \]k[jaZ]\), (]) Jg An]fl g^ @]^Ymdl oadd g[[mj mf\]j l`ak [dYmk] 03,3 a^ l`] Y__j]_Yl] Yegmfl g^ BafYf[aYd Ef\]Zl]\f]kk gj [geeale]fl ^gj BafYf[aYd Ef\]Zl]\f]kk ^Yddaf_ oal`af [dYmk]k 03,3(Y) lg 03,3(\) ak ]imYd lg gj d]kk l`Yf $5*3..*... (gj alk ]imanYd]fl af Yfq gl`]j [mjj]f[q gj [mjj]f[a]k), -0)1 >^c_\fU^Si (Y) =f KZda_gj gj IYl]jaYd ?gehYfq8 (a) ak mfYZd] gj Y\ealk afYZadalq lg hYq alk \]Zlk Yk l`]q ^Ydd \m]9 (aa) kmkh]f\k eYcaf_ hYqe]flk gf Yfq g^ alk \]Zlk9 gj (aaa) Zq j]Ykgf g^ Y[lmYd gj Yfla[ahYl]\ ^afYf[aYd \a^^a[mdla]k* [gee]f[]k f]_glaYlagfk oal` gf] gj egj] g^ alk [j]\algjk (]p[dm\af_ Yfq BafYf[] LYjlq af alk [YhY[alq Yk km[`) oal` Y na]o lg j]k[`]\mdaf_ Yfq g^ alk af\]Zl]\f]kk, (Z) = egjYlgjame ak \][dYj]\ af j]kh][l g^ Yfq af\]Zl]\f]kk g^ Yfq KZda_gj gj IYl]jaYd ?gehYfq, -0)2 >^c_\fU^Si `b_SUUTY^Wc =fq [gjhgjYl] Y[lagf* d]_Yd hjg[]]\af_k gj gl`]j hjg[]\mj] gj kl]h ak lYc]f af j]dYlagf lg8 (Y) l`] kmkh]fkagf g^ hYqe]flk* Y egjYlgjame g^ Yfq af\]Zl]\f]kk* oaf\af_+mh* \akkgdmlagf* Y\eafakljYlagf gj j]gj_YfakYlagf (Zq oYq g^ ngdmflYjq YjjYf_]e]fl* k[`]e] g^ YjjYf_]e]fl gj gl`]joak]) g^ Yfq KZda_gj gj IYl]jaYd ?gehYfq9 (Z) Y [gehgkalagf* [gehjgeak]* Ykka_fe]fl gj YjjYf_]e]fl oal` Yfq [j]\algj g^ Yfq KZda_gj gj IYl]jaYd ?gehYfq9 ([) l`] Yhhgafle]fl g^ Y daima\Ylgj* j][]an]j* Y\eafakljYlan] j][]an]j* Y\eafakljYlgj* [gehmdkgjq eYfY_]j gj gl`]j kaeadYj g^^a[]j af j]kh][l g^ Yf KZda_gj gj IYl]jaYd ?gehYfq gj Yfq g^ alk Ykk]lk9 gj (\) ]f^gj[]e]fl g^ Yfq O][mjalq gn]j Yfq Ykk]lk `Ynaf_ Yf Y__j]_Yl] nYdm] g^ $5*3..*... gj d]kk g^ Yfq KZda_gj gj IYl]jaYd ?gehYfq* 1;5=487:"2:>69;<6"31-"++,/002%#%%**#(%..#+02'#)0+$)(&//%0. 

 

#/046.26.4n6:=?PERA< + BY[adala]k Y_j]]e]fl + Hmp^]j+ ATA?QPEKJ /// gj Yfq YfYdg_gmk hjg[]\mj] gj kl]h ak lYc]f af Yfq bmjak\a[lagf, P`ak [dYmk] 03,5 k`Ydd fgl Yhhdq lg8 (Y) Yfq oaf\af_+mh h]lalagf o`a[` ak ^jangdgmk gj n]pYlagmk Yf\ ak \ak[`Yj_]\* klYq]\ gj \akeakk]\ oal`af 0/ \Yqk g^ [gee]f[]e]fl9 gj (Z) Yfq kl]h gj hjg[]\mj] [gfl]ehdYl]\ Zq Yfq L]jeall]\ PjYfkY[lagf, -0)3 8bUTYd_bc$ `b_SUcc =fq ]phjghjaYlagf* YllY[`e]fl* k]im]kljYlagf* \aklj]kk gj ]p][mlagf Y^^][lk Yfq Ykk]l gj Ykk]lk g^ Yfq KZda_gj gj IYl]jaYd ?gehYfq `Ynaf_ Yf Y__j]_Yl] nYdm] g^ egj] l`Yf $5*3..*..., P`ak [dYmk] 03,6 k`Ydd fgl Yhhdq lg Yfq km[` hjg[]]\af_k o`a[` Yj] ]al`]j Z]af_ [gfl]kl]\ af _gg\ ^Yal` Yf\-gj Yj] k`gof Yk ^jangdgmk gj n]pYlagmk Yf\-gj \ak[`Yj_]\ oal`af 0/ \Yqk g^ [gee]f[]e]fl, -0)4 Dg^UbcXY` _V dXU DR\YW_bc =f KZda_gj (gl`]j l`Yf l`] ?gehYfq) ak fgl gj []Yk]k lg Z] Y OmZka\aYjq g^ l`] ?gehYfq, -0),+ J^\QgVe\^Ucc El ak gj Z][ge]k mfdYo^md ^gj Yf KZda_gj lg h]j^gje Yfq g^ alk gZda_Ylagfk mf\]j l`] BafYf[] @g[me]flk, -0),, GU`eTYQdY_^ =f KZda_gj j]hm\aYl]k Y BafYf[] @g[me]fl gj ]na\]f[]k Yf afl]flagf lg j]hm\aYl] Y BafYf[] @g[me]fl, -0),- 8UccQdY_^ _V RecY^Ucc =fq IYl]jaYd ?gehYfq kmkh]f\k gj []Yk]k lg [Yjjq gf (gj l`j]Yl]fk lg kmkh]f\ gj []Yk] lg [Yjjq gf) Ydd gj Y eYl]jaYd hYjl g^ alk Zmkaf]kk ]p[]hl Yk Y j]kmdl g^ Y L]jeall]\ @akhgkYd gj Y L]jeall]\ PjYfkY[lagf, -0),. BQdUbYQ\ QTfUbcU SXQ^WU =fq ]n]fl gj [aj[meklYf[] g[[mjk o`a[` `Yk gj ak j]YkgfYZdq dac]dq lg `Yn] Y IYl]jaYd =\n]jk] A^^][l, -0),/ JH >^c_\fU^Si AQgc =fq QO KZda_gj gj Y IYl]jaYd ?gehYfq af[gjhgjYl]\ gj ^gje]\ mf\]j l`] dYok g^* gj g^ Yfq klYl] (af[dm\af_ l`] @aklja[l g^ ?gdmeZaY) g^* l`] QO afklalml]k gj [gfk]flk lg l`] afklalmlagf g^ Yfq hjg[]]\af_ mf\]j Yfq QO Efkgdn]f[q HYo* gj mf\]j Yfq QO Efkgdn]f[q HYo eYc]k Yf Ykka_fe]fl ^gj l`] Z]f]^al g^ [j]\algjk9 gj mf\]j Yfq QO Efkgdn]f[q HYo Yhhda]k ^gj gj [gfk]flk lg l`] Yhhgafle]fl g^ Yfq j][]an]j* ljmkl]]* [mklg\aYf* [gfk]jnYlgj* daima\Ylgj* j]`YZadalYlgj gj kaeadYj g^^a[]j ^gj al gj ^gj Ydd gj Yfq eYl]jaYd hYjl g^ alk hjgh]jlq9 gj mf\]j Yfq QO Efkgdn]f[q HYo Yfq j][]an]j* ljmkl]]* [mklg\aYf* [gfk]jnYlgj* daima\Ylgj* j]`YZadalYlgj gj kaeadYj g^^a[]j ak Yhhgafl]\ oal`gml l`] Yhhda[Ylagf gj [gfk]fl g^ km[` h]jkgf Yf\ l`] Yhhgafle]fl [gflafm]k mf\ak[`Yj_]\ gj mfklYq]\ ^gj 4. [Yd]f\Yj \Yqk9 gj Yfq hjg[]]\af_ mf\]j Yfq QO Efkgdn]f[q HYo j]dYlaf_ lg Yfq km[` h]jkgf gj lg Ydd gj Yfq eYl]jaYd hYjl g^ alk 1;5=487:"2:>69;<6"31-"++,/002%#%%**#(%..#+02'#)0+$)(&//%0. 

 

#/046.26.4n6:=?PERA< + BY[adala]k Y_j]]e]fl + Hmp^]j+ ATA?QPEKJ //0 hjgh]jlq ak afklalml]\ oal`gml l`] [gfk]fl g^ km[` h]jkgf Yf\ [gflafm]k mf\akeakk]\ gj mfklYq]\ ^gj 4. [Yd]f\Yj \Yqk* gj Yf gj\]j ^gj j]da]^ ak ]fl]j]\ af Yfq km[` hjg[]]\af_, -0),0 6SSU\UbQdY_^ Kf Yf\ Yl Yfq lae] Y^l]j l`] g[[mjj]f[] g^ Yf An]fl g^ @]^Ymdl o`a[` ak [gflafmaf_ l`] =_]fl eYq* Yf\ k`Ydd a^ kg \aj][l]\ Zq l`] IYbgjalq H]f\]jk* Zq fgla[] lg l`] ?gehYfq8 (Y) [Yf[]d l`] =nYadYZd] ?geeale]fl g^ ]Y[` H]f\]j o`]j]mhgf ]Y[` km[` =nYadYZd] ?geeale]fl k`Ydd aee]\aYl]dq Z] [Yf[]dd]\ Yf\ l`] BY[adalq k`Ydd aee]\aYl]dq []Yk] lg Z] YnYadYZd] ^gj ^mjl`]j mladakYlagf9 (Z) \][dYj] l`Yl Ydd gj hYjl g^ l`] HgYfk* lg_]l`]j oal` Y[[jm]\ afl]j]kl* Yf\ Ydd gl`]j Yegmflk Y[[jm]\ gj gmlklYf\af_ mf\]j l`] BafYf[] @g[me]flk Z] aee]\aYl]dq \m] Yf\ hYqYZd]* o`]j]mhgf l`]q k`Ydd Z][ge] aee]\aYl]dq \m] Yf\ hYqYZd]9 Yf\-gj ([) \][dYj] l`Yl Ydd gj hYjl g^ l`] HgYfk Z] hYqYZd] gf \]eYf\* o`]j]mhgf l`]q k`Ydd aee]\aYl]dq Z][ge] hYqYZd] gf \]eYf\ Zq l`] =_]fl gf l`] afkljm[lagfk g^ l`] IYbgjalq H]f\]jk, Jgloal`klYf\af_ l`] ^gj]_gaf_* a^ Yf An]fl g^ @]^Ymdl mf\]j ?dYmk] 03,/2 (US  Insolvency Laws) k`Ydd g[[mj af j]kh][l g^ Yfq KZda_gj* l`] BY[adalq Yf\ Yfq =f[addYjq BY[adala]k k`Ydd []Yk] lg Z] YnYadYZd] lg km[` KZda_gj* Yf\ Ydd gZda_Ylagfk g^ km[` KZda_gj mf\]j ?dYmk] 0. (Guarantee and indemnity) (a^ Yhhda[YZd]) gj Yfq gl`]j hjgnakagf g^ l`ak =_j]]e]fl gj Yfq gl`]j BafYf[] @g[me]fl lg o`a[` km[` KZda_gj ak Y hYjlq k`Ydd Z][ge] aee]\aYl]dq \m] Yf\ hYqYZd]* af ]Y[` [Yk] YmlgeYla[Yddq Yf\ oal`gml Yfq ^mjl`]j Y[lagf Zq Yfq LYjlq, -0),1 8\UQ^(J` EUbY_T Jgloal`klYf\af_ Yfq gl`]j hjgnakagf g^ Yfq BafYf[] @g[me]fl8 (Y) Yfq Zj]Y[` g^ Y ?d]Yf+Qh N]hj]k]flYlagf gj Y ?d]Yf+Qh Qf\]jlYcaf_9 gj (Z) Yfq An]fl g^ @]^Ymdl [gfklalmlaf_ Y ?d]Yf+Qh @]^Ymdl* o`a[` g[[mjk \mjaf_ Y ?d]Yf+Qh L]jag\ oadd Z] \]]e]\ fgl lg Z] Y Zj]Y[` g^ j]hj]k]flYlagf gj oYjjYflq* Y Zj]Y[` g^ [gn]fYfl gj Yf An]fl g^ @]^Ymdl (Yk l`] [Yk] eYq Z]) a^8 (a) al ogmd\ `Yn] Z]]f (a^ al o]j] fgl ^gj l`ak [dYmk] 03,/3) Y Zj]Y[` g^ j]hj]k]flYlagf gj oYjjYflq* Y Zj]Y[` g^ [gn]fYfl gj Yf An]fl g^ @]^Ymdl gfdq Zq j]Ykgf g^ [aj[meklYf[]k j]dYlaf_ ]p[dmkan]dq lg l`] Zmkaf]kk gj mf\]jlYcaf_ o`a[` ak l`] kmZb][l g^ l`] j]d]nYfl Y[imakalagf (gj Yfq g^ l`Yl mf\]jlYcaf_'k OmZka\aYja]k) (gj Yfq gZda_Ylagf lg hjg[mj] gj ]fkmj] af j]dYlagf lg l`Yl [gehYfq* Zmkaf]kk gj mf\]jlYcaf_ gj Yfq g^ alk OmZka\aYja]k) Yf\ oYk hj]+ ]paklaf_ Yk Yl l`] \Yl] g^ d]_Yddq [geeallaf_ lg eYc] km[` Y[imakalagf9 (aa) al ak [YhYZd] g^ j]e]\q Yf\ j]YkgfYZd] kl]hk Yj] Z]af_ lYc]f lg j]e]\q al9 (aaa) l`] [aj[meklYf[]k _anaf_ jak] lg al `Yn] fgl Z]]f hjg[mj]\ Zq gj Yhhjgn]\ Zq l`] ?gehYfq9 Yf\ (an) al ak fgl j]YkgfYZdq dac]dq lg `Yn] Y IYl]jaYd =\n]jk] A^^][l, 1;5=487:"2:>69;<6"31-"++,/002%#%%**#(%..#+02'#)0+$)(&//%0. 

 

#/046.26.4n6:=?PERA< + BY[adala]k Y_j]]e]fl + Hmp^]j+ ATA?QPEKJ //1 E^ l`] j]d]nYfl [aj[meklYf[]k Yj] [gflafmaf_ gf gj Y^l]j l`] ]f\ g^ l`Yl ?d]Yf+Qh L]jag\* l`]j] k`Ydd Z] Y Zj]Y[` g^ j]hj]k]flYlagf gj oYjjYflq* Zj]Y[` g^ [gn]fYfl gj An]fl g^ @]^Ymdl* Yk l`] [Yk] eYq Z] fgloal`klYf\af_ l`] YZgn] (Yf\ oal`gml hj]bm\a[] lg l`] ja_`lk Yf\ j]e]\a]k g^ l`] BafYf[] LYjla]k), H:8I>DC 4 8=6C<:H ID E6GI>:H -1) 8=6C<:H ID I=: A:C9:GH -1), 6ccYW^]U^dc Q^T dbQ^cVUbc Ri dXU AU^TUbc OmZb][l lg l`ak [dYmk] 04* Y H]f\]j (l`] ":hYcdY^W AU^TUb") eYq8 (Y) Ykka_f Yfq g^ alk ja_`lk9 gj (Z) ljYfk^]j Zq fgnYlagf Yfq g^ alk ja_`lk Yf\ gZda_Ylagfk* lg Yfgl`]j ZYfc gj ^afYf[aYd afklalmlagf gj lg Y ljmkl* ^mf\ gj gl`]j ]flalq o`a[` ak j]_mdYjdq ]f_Y_]\ af gj ]klYZdak`]\ ^gj l`] hmjhgk] g^ eYcaf_* hmj[`Ykaf_ gj afn]klaf_ af dgYfk* k][mjala]k gj gl`]j ^afYf[aYd Ykk]lk (l`] "CUg AU^TUb"), -1)- 8_]`Q^i S_^cU^d (Y) P`] [gfk]fl g^ l`] ?gehYfq ak j]imaj]\ ^gj Yf Ykka_fe]fl gj ljYfk^]j Zq Yf Apaklaf_ H]f\]j* mfd]kk l`] Ykka_fe]fl gj ljYfk^]j ak8 (a) lg Yfgl`]j H]f\]j (gl`]j l`Yf Y @]^Ymdlaf_ H]f\]j) gj Yf =^^adaYl] g^ Yfq H]f\]j9 gj (aa) eY\] Yl Y lae] o`]f Yf An]fl g^ @]^Ymdl ak [gflafmaf_, (Z) P`] [gfk]fl g^ l`] ?gehYfq lg Yf Ykka_fe]fl gj ljYfk^]j emkl fgl Z] mfj]YkgfYZdq oal``]d\ gj \]dYq]\, P`] ?gehYfq oadd Z] \]]e]\ lg `Yn] _an]f alk [gfk]fl ^an] >mkaf]kk @Yqk Y^l]j l`] Apaklaf_ H]f\]j `Yk j]im]kl]\ al mfd]kk [gfk]fl ak ]phj]kkdq j]^mk]\ Zq l`] ?gehYfq oal`af l`Yl lae], -1). DdXUb S_^TYdY_^c _V QccYW^]U^d _b dbQ^cVUb (Y) =f Ykka_fe]fl oadd gfdq Z] ]^^][lan] gf8 (a) j][]ahl Zq l`] =_]fl (o`]l`]j af l`] =kka_fe]fl =_j]]e]fl gj gl`]joak]) g^ ojall]f [gf^ajeYlagf ^jge l`] J]o H]f\]j (af ^gje Yf\ kmZklYf[] kYlak^Y[lgjq lg l`] =_]fl) l`Yl l`] J]o H]f\]j oadd Ykkme] l`] kYe] gZda_Ylagfk lg l`] gl`]j BafYf[] LYjla]k Yk al ogmd\ `Yn] Z]]f mf\]j a^ al `Y\ Z]]f Yf Kja_afYd H]f\]j9 Yf\ (aa) h]j^gjeYf[] Zq l`] =_]fl g^ Ydd f][]kkYjq "know your customer" gj gl`]j kaeadYj [`][ck mf\]j Ydd Yhhda[YZd] dYok Yf\ j]_mdYlagfk af j]dYlagf lg km[` Ykka_fe]fl lg Y J]o H]f\]j* l`] [gehd]lagf g^ o`a[` l`] =_]fl k`Ydd hjgehldq fgla^q lg l`] Apaklaf_ H]f\]j Yf\ l`] J]o H]f\]j, 1;5=487:"2:>69;<6"31-"++,/002%#%%**#(%..#+02'#)0+$)(&//%0. 

 

#/046.26.4n6:=?PERA< + BY[adala]k Y_j]]e]fl + Hmp^]j+ ATA?QPEKJ //2 (Z) = ljYfk^]j oadd gfdq Z] ]^^][lan] a^ l`] hjg[]\mj] k]l gml af [dYmk] 04,4 (Procedure for  transfer) ak [gehda]\ oal`, ([) E^8 (a) Y H]f\]j Ykka_fk gj ljYfk^]jk Yfq g^ alk ja_`lk gj gZda_Ylagfk mf\]j l`] BafYf[] @g[me]flk gj [`Yf_]k alk BY[adalq K^^a[]9 Yf\ (aa) Yk Y j]kmdl g^ [aj[meklYf[]k ]paklaf_ Yl l`] \Yl] l`] Ykka_fe]fl* ljYfk^]j gj [`Yf_] g[[mjk* Yf KZda_gj ogmd\ Z] gZda_]\ lg eYc] Y hYqe]fl lg l`] J]o H]f\]j gj H]f\]j Y[laf_ l`jgm_` alk f]o BY[adalq K^^a[] mf\]j [dYmk] /3 (Tax  gross-up and indemnities) gj [dYmk] /4 (Increased Costs)* l`]f l`] J]o H]f\]j gj H]f\]j Y[laf_ l`jgm_` alk f]o BY[adalq K^^a[] ak gfdq ]flald]\ lg j][]an] hYqe]fl mf\]j l`gk] [dYmk]k lg l`] kYe] ]pl]fl Yk l`] Apaklaf_ H]f\]j gj H]f\]j Y[laf_ l`jgm_` alk hj]nagmk BY[adalq K^^a[] ogmd\ `Yn] Z]]f a^ l`] Ykka_fe]fl* ljYfk^]j gj [`Yf_] `Y\ fgl g[[mjj]\, P`ak [dYmk] 04,1([) k`Ydd fgl Yhhdq8 (aaa) af j]kh][l g^ Yf Ykka_fe]fl gj ljYfk^]j eY\] af l`] gj\afYjq [gmjk] g^ l`] hjaeYjq kqf\a[Ylagf g^ Yfq BY[adalq9 gj (an) af j]dYlagf lg [dYmk] /3,0 (Tax gross-up)* lg Y Pj]Ylq H]f\]j l`Yl `Yk af[dm\]\ Y [gf^ajeYlagf g^ alk k[`]e] j]^]j]f[] fmeZ]j Yf\ alk bmjak\a[lagf g^ lYp j]ka\]f[] af Y[[gj\Yf[] oal` [dYmk] /3,0(_)(aa)(>) a^ l`] KZda_gj eYcaf_ l`] hYqe]fl `Yk fgl eY\] Y >gjjgo]j @PPL Badaf_ af j]kh][l g^ l`Yl Pj]Ylq H]f\]j, (\) AY[` J]o H]f\]j* Zq ]p][mlaf_ l`] j]d]nYfl PjYfk^]j ?]jla^a[Yl] gj =kka_fe]fl =_j]]e]fl* [gf^ajek* ^gj l`] Ynga\Yf[] g^ \gmZl* l`Yl l`] =_]fl `Yk Yml`gjalq lg ]p][ml] gf alk Z]`Yd^ Yfq Ye]f\e]fl gj oYan]j l`Yl `Yk Z]]f Yhhjgn]\ Zq gj gf Z]`Yd^ g^ l`] j]imakal] H]f\]j gj H]f\]jk af Y[[gj\Yf[] oal` l`ak =_j]]e]fl gf gj hjagj lg l`] \Yl] gf o`a[` l`] ljYfk^]j gj Ykka_fe]fl Z][ge]k ]^^][lan] af Y[[gj\Yf[] oal` l`ak =_j]]e]fl Yf\ l`Yl al ak Zgmf\ Zq l`Yl \][akagf lg l`] kYe] ]pl]fl Yk l`] Apaklaf_ H]f\]j ogmd\ `Yn] Z]]f `Y\ al j]eYaf]\ Y H]f\]j, -1)/ 6ccYW^]U^d _b dbQ^cVUb VUU P`] J]o H]f\]j k`Ydd* gf l`] \Yl] mhgf o`a[` Yf Ykka_fe]fl gj ljYfk^]j lYc]k ]^^][l* hYq lg l`] =_]fl (^gj alk gof Y[[gmfl) Y ^]] g^ $1*3.., -1)0 AY]YdQdY_^ _V bUc`_^cYRY\Ydi _V :hYcdY^W AU^TUbc (Y) Qfd]kk ]phj]kkdq Y_j]]\ lg l`] [gfljYjq* Yf Apaklaf_ H]f\]j eYc]k fg j]hj]k]flYlagf gj oYjjYflq Yf\ Ykkme]k fg j]khgfkaZadalq lg Y J]o H]f\]j ^gj8 (a) l`] d]_Ydalq* nYda\alq* ]^^][lan]f]kk* Y\]imY[q gj ]f^gj[]YZadalq g^ l`] BafYf[] @g[me]flk gj Yfq gl`]j \g[me]flk9 (aa) l`] ^afYf[aYd [gf\alagf g^ Yfq KZda_gj9 (aaa) l`] h]j^gjeYf[] Yf\ gZk]jnYf[] Zq Yfq KZda_gj g^ alk gZda_Ylagfk mf\]j l`] BafYf[] @g[me]flk gj Yfq gl`]j \g[me]flk9 gj 1;5=487:"2:>69;<6"31-"++,/002%#%%**#(%..#+02'#)0+$)(&//%0. 

 

#/046.26.4n6:=?PERA< + BY[adala]k Y_j]]e]fl + Hmp^]j+ ATA?QPEKJ //3 (an) l`] Y[[mjY[q g^ Yfq klYl]e]flk (o`]l`]j ojall]f gj gjYd) eY\] af gj af [gff][lagf oal` Yfq BafYf[] @g[me]fl gj Yfq gl`]j \g[me]fl* Yf\ Yfq j]hj]k]flYlagfk gj oYjjYfla]k aehda]\ Zq dYo Yj] ]p[dm\]\, (Z) AY[` J]o H]f\]j [gf^ajek lg l`] Apaklaf_ H]f\]j Yf\ l`] gl`]j BafYf[] LYjla]k l`Yl al8 (a) `Yk eY\] (Yf\ k`Ydd [gflafm] lg eYc]) alk gof af\]h]f\]fl afn]kla_Ylagf Yf\ Ykk]kke]fl g^ l`] ^afYf[aYd [gf\alagf Yf\ Y^^Yajk g^ ]Y[` KZda_gj Yf\ alk j]dYl]\ ]flala]k af [gff][lagf oal` alk hYjla[ahYlagf af l`ak =_j]]e]fl Yf\ `Yk fgl j]da]\ ]p[dmkan]dq gf Yfq af^gjeYlagf hjgna\]\ lg al Zq l`] Apaklaf_ H]f\]j af [gff][lagf oal` Yfq BafYf[] @g[me]fl9 Yf\ (aa) oadd [gflafm] lg eYc] alk gof af\]h]f\]fl YhhjYakYd g^ l`] [j]\alogjl`af]kk g^ ]Y[` KZda_gj Yf\ alk j]dYl]\ ]flala]k o`adkl Yfq Yegmfl ak gj eYq Z] gmlklYf\af_ mf\]j l`] BafYf[] @g[me]flk gj Yfq ?geeale]fl ak af ^gj[], ([) Jgl`af_ af Yfq BafYf[] @g[me]fl gZda_]k Yf Apaklaf_ H]f\]j lg8 (a) Y[[]hl Y j]+ljYfk^]j gj j]+Ykka_fe]fl ^jge Y J]o H]f\]j g^ Yfq g^ l`] ja_`lk Yf\ gZda_Ylagfk Ykka_f]\ gj ljYfk^]jj]\ mf\]j l`ak [dYmk] 049 gj (aa) kmhhgjl Yfq dgkk]k \aj][ldq gj af\aj][ldq af[mjj]\ Zq l`] J]o H]f\]j Zq j]Ykgf g^ l`] fgf+h]j^gjeYf[] Zq Yfq KZda_gj g^ alk gZda_Ylagfk mf\]j l`] BafYf[] @g[me]flk gj gl`]joak], -1)1 Eb_SUTebU V_b dbQ^cVUb (Y) OmZb][l lg l`] [gf\alagfk k]l gml af [dYmk] 04,0 (Company consent) Yf\ [dYmk] 04,1 (Other conditions of assignment or transfer) Y ljYfk^]j ak ]^^][l]\ af Y[[gj\Yf[] oal` [dYmk] 04,4([) o`]f l`] =_]fl ]p][ml]k Yf gl`]joak] \mdq [gehd]l]\ PjYfk^]j ?]jla^a[Yl] \]dan]j]\ lg al Zq l`] Apaklaf_ H]f\]j Yf\ l`] J]o H]f\]j, P`] =_]fl k`Ydd* kmZb][l lg [dYmk] 04,4(Z)9 Yk kggf Yk j]YkgfYZdq hjY[la[YZd] Y^l]j j][]ahl Zq al g^ Y \mdq [gehd]l]\ PjYfk^]j ?]jla^a[Yl] Yhh]Yjaf_ gf alk ^Y[] lg [gehdq oal` l`] l]jek g^ l`ak =_j]]e]fl Yf\ \]dan]j]\ af Y[[gj\Yf[] oal` l`] l]jek g^ l`ak =_j]]e]fl* ]p][ml] l`Yl PjYfk^]j ?]jla^a[Yl], (Z) P`] =_]fl k`Ydd gfdq Z] gZda_]\ lg ]p][ml] Y PjYfk^]j ?]jla^a[Yl] \]dan]j]\ lg al Zq l`] Apaklaf_ H]f\]j Yf\ l`] J]o H]f\]j gf[] al ak kYlak^a]\ al `Yk [gehda]\ oal` Ydd f][]kkYjq "know your customer" gj gl`]j kaeadYj [`][ck mf\]j Ydd Yhhda[YZd] dYok Yf\ j]_mdYlagfk af j]dYlagf lg l`] ljYfk^]j lg km[` J]o H]f\]j, ([) OmZb][l lg [dYmk] 04,/. (Pro rata interest settlement)* gf l`] PjYfk^]j @Yl]8 (a) lg l`] ]pl]fl l`Yl af l`] PjYfk^]j ?]jla^a[Yl] l`] Apaklaf_ H]f\]j k]]ck lg ljYfk^]j Zq fgnYlagf alk ja_`lk Yf\ gZda_Ylagfk mf\]j l`] BafYf[] @g[me]flk ]Y[` g^ l`] KZda_gjk Yf\ l`] Apaklaf_ H]f\]j k`Ydd Z] j]d]Yk]\ ^jge ^mjl`]j gZda_Ylagfk lgoYj\k gf] Yfgl`]j mf\]j l`] BafYf[] @g[me]flk Yf\ l`]aj j]kh][lan] ja_`lk Y_Yafkl gf] Yfgl`]j mf\]j l`] BafYf[] @g[me]flk k`Ydd Z] [Yf[]dd]\ (Z]af_ l`] "9YcSXQbWUT GYWXdc Q^T DR\YWQdY_^c")9 (aa) ]Y[` g^ l`] KZda_gjk Yf\ l`] J]o H]f\]j k`Ydd Ykkme] gZda_Ylagfk lgoYj\k gf] Yfgl`]j Yf\-gj Y[imaj] ja_`lk Y_Yafkl gf] Yfgl`]j o`a[` \a^^]j ^jge l`] 1;5=487:"2:>69;<6"31-"++,/002%#%%**#(%..#+02'#)0+$)(&//%0. 

 

#/046.26.4n6:=?PERA< + BY[adala]k Y_j]]e]fl + Hmp^]j+ ATA?QPEKJ //4 @ak[`Yj_]\ Na_`lk Yf\ KZda_Ylagfk gfdq afkg^Yj Yk l`Yl KZda_gj Yf\ l`] J]o H]f\]j `Yn] Ykkme]\ Yf\-gj Y[imaj]\ l`] kYe] af hdY[] g^ l`Yl KZda_gj Yf\ l`] Apaklaf_ H]f\]j9 (aaa) l`] =_]fl* l`] =jjYf_]j* l`] J]o H]f\]j Yf\ gl`]j H]f\]jk k`Ydd Y[imaj] l`] kYe] ja_`lk Yf\ Ykkme] l`] kYe] gZda_Ylagfk Z]lo]]f l`]ek]dn]k Yk l`]q ogmd\ `Yn] Y[imaj]\ Yf\ Ykkme]\ `Y\ l`] J]o H]f\]j Z]]f Yf Kja_afYd H]f\]j oal` l`] ja_`lk Yf\-gj gZda_Ylagfk Y[imaj]\ gj Ykkme]\ Zq al Yk Y j]kmdl g^ l`] ljYfk^]j Yf\ lg l`Yl ]pl]fl l`] =_]fl* l`] =jjYf_]j Yf\ l`] Apaklaf_ H]f\]j k`Ydd ]Y[` Z] j]d]Yk]\ ^jge ^mjl`]j gZda_Ylagfk lg ]Y[` gl`]j mf\]j l`] BafYf[] @g[me]flk9 Yf\ (an) l`] J]o H]f\]j k`Ydd Z][ge] Y LYjlq Yk Y "AU^TUb", -1)2 Eb_SUTebU V_b QccYW^]U^d (Y) OmZb][l lg l`] [gf\alagfk k]l gml af [dYmk] 04,0 (Company consent) Yf\ [dYmk] 04,1 (Other conditions of assignment or transfer) Yf Ykka_fe]fl eYq Z] ]^^][l]\ af Y[[gj\Yf[] oal` [dYmk] 04,5([)* o`]f l`] =_]fl ]p][ml]k Yf gl`]joak] \mdq [gehd]l]\ =kka_fe]fl =_j]]e]fl \]dan]j]\ lg al Zq l`] Apaklaf_ H]f\]j Yf\ l`] J]o H]f\]j, P`] =_]fl k`Ydd* kmZb][l lg [dYmk] 04,5(Z)* Yk kggf Yk j]YkgfYZdq hjY[la[YZd] Y^l]j j][]ahl Zq al g^ Y \mdq [gehd]l]\ =kka_fe]fl =_j]]e]fl Yhh]Yjaf_ gf alk ^Y[] lg [gehdq oal` l`] l]jek g^ l`ak =_j]]e]fl Yf\ \]dan]j]\ af Y[[gj\Yf[] oal` l`] l]jek g^ l`ak =_j]]e]fl* ]p][ml] l`Yl =kka_fe]fl =_j]]e]fl, (Z) P`] =_]fl k`Ydd gfdq Z] gZda_]\ lg ]p][ml] Yf =kka_fe]fl =_j]]e]fl \]dan]j]\ lg al Zq l`] Apaklaf_ H]f\]j Yf\ l`] J]o H]f\]j gf[] al ak kYlak^a]\ al `Yk [gehda]\ oal` Ydd f][]kkYjq "cfgo qgmj [mklge]j" gj gl`]j kaeadYj [`][ck mf\]j Ydd Yhhda[YZd] dYok Yf\ j]_mdYlagfk af j]dYlagf lg l`] Ykka_fe]fl lg km[` J]o H]f\]j, ([) OmZb][l lg [dYmk] 04,/. (Pro rata interest settlement)* gf l`] PjYfk^]j @Yl]8 (a) l`] Apaklaf_ H]f\]j oadd Ykka_f YZkgdml]dq lg l`] J]o H]f\]j l`] ja_`lk mf\]j l`] BafYf[] @g[me]flk ]phj]kk]\ lg Z] l`] kmZb][l g^ l`] Ykka_fe]fl af l`] =kka_fe]fl =_j]]e]fl9 (aa) l`] Apaklaf_ H]f\]j oadd Z] j]d]Yk]\ Zq ]Y[` KZda_gj Yf\ l`] gl`]j BafYf[] LYjla]k ^jge l`] gZda_Ylagfk go]\ Zq al (l`] "GU\UfQ^d DR\YWQdY_^c") Yf\ ]phj]kk]\ lg Z] l`] kmZb][l g^ l`] j]d]Yk] af l`] =kka_fe]fl =_j]]e]fl9 Yf\ (aaa) l`] J]o H]f\]j k`Ydd Z][ge] Y LYjlq Yk Y "H]f\]j" Yf\ oadd Z] Zgmf\ Zq gZda_Ylagfk ]imanYd]fl lg l`] N]d]nYfl KZda_Ylagfk, (\) H]f\]jk eYq mladak] hjg[]\mj]k gl`]j l`Yf l`gk] k]l gml af l`ak [dYmk] 04,5 lg Ykka_f l`]aj ja_`lk mf\]j l`] BafYf[] @g[me]flk (Zml fgl* oal`gml l`] [gfk]fl g^ l`] j]d]nYfl KZda_gj gj mfd]kk af Y[[gj\Yf[] oal` [dYmk] 04,4 (Procedure for transfer)* lg gZlYaf Y j]d]Yk] Zq l`Yl KZda_gj ^jge l`] gZda_Ylagfk go]\ lg l`Yl KZda_gj Zq l`] H]f\]jk fgj l`] Ykkmehlagf g^ ]imanYd]fl gZda_Ylagfk Zq Y J]o H]f\]j) hjgna\]\ l`Yl l`]q [gehdq oal` l`] [gf\alagfk k]l gml af [dYmk] 04,0 (Company consent) Yf\ 04,1 (Other  conditions of assignment or transfer), 1;5=487:"2:>69;<6"31-"++,/002%#%%**#(%..#+02'#)0+$)(&//%0. 

 

#/046.26.4n6:=?PERA< + BY[adala]k Y_j]]e]fl + Hmp^]j+ ATA?QPEKJ //5 -1)3 8_`i _V IbQ^cVUb 8UbdYVYSQdU' 6ccYW^]U^d 6WbUU]U^d _b >^SbUQcU 8_^VYb]QdY_^ d_ 8_]`Q^i P`] =_]fl k`Ydd* Yk kggf Yk j]YkgfYZdq hjY[la[YZd] Y^l]j al `Yk ]p][ml]\ Y PjYfk^]j ?]jla^a[Yl]* Yf =kka_fe]fl =_j]]e]fl gj Yf Ef[j]Yk] ?gf^ajeYlagf* k]f\ lg l`] ?gehYfq Y [ghq g^ l`Yl PjYfk^]j ?]jla^a[Yl]* =kka_fe]fl =_j]]e]fl gj Ef[j]Yk] ?gf^ajeYlagf, -1)4 HUSebYdi _fUb AU^TUbc$ bYWXdc Ef Y\\alagf lg l`] gl`]j ja_`lk hjgna\]\ lg H]f\]jk mf\]j l`ak [dYmk] 04* ]Y[` H]f\]j eYq oal`gml [gfkmdlaf_ oal` gj gZlYafaf_ [gfk]fl ^jge Yfq KZda_gj* Yl Yfq lae] [`Yj_]* Ykka_f gj gl`]joak] [j]Yl] O][mjalq af gj gn]j (o`]l`]j Zq oYq g^ [gddYl]jYd gj gl`]joak]) Ydd gj Yfq g^ alk ja_`lk mf\]j Yfq BafYf[] @g[me]fl lg k][mj] gZda_Ylagfk g^ l`Yl H]f\]j af[dm\af_* oal`gml daealYlagf8 (Y) Yfq [`Yj_]* Ykka_fe]fl gj gl`]j O][mjalq lg k][mj] gZda_Ylagfk lg Y ^]\]jYd j]k]jn] gj []fljYd ZYfc9 Yf\ (Z) Yfq [`Yj_]* Ykka_fe]fl gj gl`]j O][mjalq _jYfl]\ lg Yfq `gd\]jk (gj ljmkl]] gj j]hj]k]flYlan]k g^ `gd\]jk) g^ gZda_Ylagfk go]\* gj k][mjala]k akkm]\* Zq l`Yl H]f\]j Yk k][mjalq ^gj l`gk] gZda_Ylagfk gj k][mjala]k* ]p[]hl l`Yl fg km[` [`Yj_]* Ykka_fe]fl gj O][mjalq k`Ydd8 (a) j]d]Yk] Y H]f\]j ^jge Yfq g^ alk gZda_Ylagfk mf\]j l`] BafYf[] @g[me]flk gj kmZklalml] l`] Z]f]^a[aYjq g^ l`] j]d]nYfl [`Yj_]* Ykka_fe]fl gj O][mjalq ^gj l`] H]f\]j Yk Y hYjlq lg Yfq g^ l`] BafYf[] @g[me]flk9 gj (aa) j]imaj] Yfq hYqe]flk lg Z] eY\] Zq Yf KZda_gj gl`]j l`Yf gj af ]p[]kk g^* gj _jYfl lg Yfq h]jkgf Yfq egj] ]pl]fkan] ja_`lk l`Yf* l`gk] j]imaj]\ lg Z] eY\] gj _jYfl]\ lg l`] j]d]nYfl H]f\]j mf\]j l`] BafYf[] @g[me]flk, -1),+ Eb_ bQdQ Y^dUbUcd cUdd\U]U^d (Y) E^ l`] =_]fl `Yk fgla^a]\ l`] H]f\]jk l`Yl al ak YZd] lg \akljaZml] afl]j]kl hYqe]flk gf Y "hjg jYlY ZYkak" lg Apaklaf_ H]f\]jk Yf\ J]o H]f\]jk l`]f (af j]kh][l g^ Yfq ljYfk^]j hmjkmYfl lg [dYmk] 04,4 (Procedure for transfer) gj Yfq Ykka_fe]fl hmjkmYfl lg [dYmk] 04,5 (Procedure for assignment) l`] PjYfk^]j @Yl] g^ o`a[`* af ]Y[` [Yk]* ak Y^l]j l`] \Yl] g^ km[` fgla^a[Ylagf Yf\ ak fgl gf l`] dYkl \Yq g^ Yf Efl]j]kl L]jag\)8 (a) Yfq afl]j]kl gj ^]]k af j]kh][l g^ l`] j]d]nYfl hYjla[ahYlagf o`a[` Yj] ]phj]kk]\ lg Y[[jm] Zq j]^]j]f[] lg l`] dYhk] g^ lae] k`Ydd [gflafm] lg Y[[jm] af ^Yngmj g^ l`] Apaklaf_ H]f\]j mh lg Zml ]p[dm\af_ l`] PjYfk^]j @Yl] ("6SSbeUT 6]_e^dc") Yf\ k`Ydd Z][ge] \m] Yf\ hYqYZd] lg l`] Apaklaf_ H]f\]j (oal`gml ^mjl`]j afl]j]kl Y[[jmaf_ gf l`]e) gf l`] dYkl \Yq g^ l`] [mjj]fl Efl]j]kl L]jag\9 Yf\ (aa) l`] ja_`lk Ykka_f]\ gj ljYfk^]jj]\ Zq l`] Apaklaf_ H]f\]j oadd fgl af[dm\] l`] ja_`l lg l`] =[[jm]\ =egmflk* kg l`Yl* ^gj l`] Ynga\Yf[] g^ \gmZl8 (=) o`]f l`] =[[jm]\ =egmflk Z][ge] hYqYZd]* l`gk] =[[jm]\ =egmflk oadd Z] hYqYZd] lg l`] Apaklaf_ H]f\]j9 Yf\ 1;5=487:"2:>69;<6"31-"++,/002%#%%**#(%..#+02'#)0+$)(&//%0. 

 

#/046.26.4n6:=?PERA< + BY[adala]k Y_j]]e]fl + Hmp^]j+ ATA?QPEKJ //6 (>) l`] Yegmfl hYqYZd] lg l`] J]o H]f\]j gf l`Yl \Yl] oadd Z] l`] Yegmfl o`a[` ogmd\* Zml ^gj l`] Yhhda[Ylagf g^ l`ak [dYmk] 04,/.* `Yn] Z]]f hYqYZd] lg al gf l`Yl \Yl]* Zml Y^l]j \]\m[lagf g^ l`] =[[jm]\ =egmflk, (Z) Ef l`ak [dYmk] 04,/. j]^]j]f[]k lg "Efl]j]kl L]jag\" k`Ydd Z] [gfkljm]\ lg af[dm\] Y j]^]j]f[] lg Yfq gl`]j h]jag\ ^gj Y[[jmYd g^ ^]]k, ([) =f Apaklaf_ H]f\]j o`a[` j]lYafk l`] ja_`l lg l`] =[[jm]\ =egmflk hmjkmYfl lg l`ak [dYmk] 04,/. Zml o`a[` \g]k fgl `Yn] Y ?geeale]fl k`Ydd Z] \]]e]\ fgl lg Z] Y H]f\]j ^gj l`] hmjhgk]k g^ Yk[]jlYafaf_ o`]l`]j l`] Y_j]]e]fl g^ Yfq kh][a^a]\ _jgmh g^ H]f\]jk `Yk Z]]f gZlYaf]\ lg Yhhjgn] Yfq j]im]kl ^gj Y [gfk]fl* oYan]j* Ye]f\e]fl gj gl`]j ngl] g^ H]f\]jk mf\]j l`] BafYf[] @g[me]flk, -2) 8=6C<:H ID I=: D7A><DGH -2), 6ccYW^]U^dc Q^T dbQ^cVUb Ri DR\YW_bc Jg KZda_gj eYq Ykka_f Yfq g^ alk ja_`lk gj ljYfk^]j Yfq g^ alk ja_`lk gj gZda_Ylagfk mf\]j l`] BafYf[] @g[me]flk, -2)- 6TTYdY_^Q\ 7_bb_gUbc (Y) OmZb][l lg [gehdaYf[] oal` l`] hjgnakagfk g^ [dYmk]k 00,5([) Yf\ 00,5(\)* l`] ?gehYfq eYq j]im]kl l`Yl Yfq g^ alk OmZka\aYja]k Z][ge]k Yf =\\alagfYd >gjjgo]j, P`Yl OmZka\aYjq k`Ydd Z][ge] Yf =\\alagfYd >gjjgo]j a^8 (a) l`] H]f\]jk Yf\ l`] =_]fl Yhhjgn] l`] Y\\alagf g^ l`Yl OmZka\aYjq (mfd]kk l`] j]d]nYfl OmZka\aYjq ak af[gjhgjYl]\ af Af_dYf\ Yf\ SYd]k* O[gldYf\* Jgjl`]jf Ej]dYf\ gj af @]dYoYj]* QO* af o`a[` [Yk] fg km[` YhhjgnYd k`Ydd Z] f][]kkYjq)9 (aa) l`] ?gehYfq \]dan]jk lg l`] =_]fl Y \mdq [gehd]l]\ Yf\ ]p][ml]\ =[[]kkagf H]ll]j9 (aaa) l`] ?gehYfq [gf^ajek l`Yl fg @]^Ymdl ak [gflafmaf_ gj ogmd\ g[[mj Yk Y j]kmdl g^ l`Yl OmZka\aYjq Z][geaf_ Yf =\\alagfYd >gjjgo]j9 Yf\ (an) l`] =_]fl `Yk j][]an]\ Ydd g^ l`] \g[me]flk Yf\ gl`]j ]na\]f[] dakl]\ af hYjl 0 g^ k[`]\md] 0 (Conditions Precedent) af j]dYlagf lg l`Yl =\\alagfYd >gjjgo]j* ]Y[` af ^gje Yf\ kmZklYf[] kYlak^Y[lgjq lg l`] =_]fl, (Z) P`] =_]fl k`Ydd fgla^q l`] ?gehYfq Yf\ l`] H]f\]jk hjgehldq mhgf Z]af_ kYlak^a]\ l`Yl al `Yk j][]an]\ (af ^gje Yf\ kmZklYf[] kYlak^Y[lgjq lg al) Ydd l`] \g[me]flk Yf\ gl`]j ]na\]f[] dakl]\ af hYjl 0 g^ k[`]\md] 0 (Conditions Precedent), ([) Kl`]j l`Yf lg l`] ]pl]fl l`Yl l`] IYbgjalq H]f\]jk fgla^q l`] =_]fl af ojalaf_ lg l`] [gfljYjq Z]^gj] l`] =_]fl _an]k l`] fgla^a[Ylagf \]k[jaZ]\ af [dYmk] 05,0(Z)* l`] H]f\]jk Yml`gjak] (Zml \g fgl j]imaj]) l`] =_]fl lg _an] l`Yl fgla^a[Ylagf, P`] =_]fl k`Ydd fgl Z] daYZd] ^gj Yfq \YeY_]k* [gklk gj dgkk]k o`Ylkg]n]j Yk Y j]kmdl g^ _anaf_ Yfq km[` fgla^a[Ylagf, 1;5=487:"2:>69;<6"31-"++,/002%#%%**#(%..#+02'#)0+$)(&//%0. 

 

#/046.26.4n6:=?PERA< + BY[adala]k Y_j]]e]fl + Hmp^]j+ ATA?QPEKJ //7 -2). GUcYW^QdY_^ _V Q 7_bb_gUb (Y) P`] ?gehYfq eYq j]im]kl l`Yl Y >gjjgo]j (gl`]j l`Yf l`] ?gehYfq) []Yk]k lg Z] Y >gjjgo]j Zq \]dan]jaf_ lg l`] =_]fl Y N]ka_fYlagf H]ll]j, (Z) P`] =_]fl k`Ydd Y[[]hl Y N]ka_fYlagf H]ll]j Yf\ fgla^q l`] ?gehYfq Yf\ l`] H]f\]jk g^ alk Y[[]hlYf[] a^8 (a) fg @]^Ymdl ak [gflafmaf_ gj ogmd\ j]kmdl ^jge l`] Y[[]hlYf[] g^ l`] N]ka_fYlagf H]ll]j (Yf\ l`] ?gehYfq `Yk [gf^aje]\ l`ak ak l`] [Yk])9 Yf\ (aa) l`] >gjjgo]j ak mf\]j fg Y[lmYd gj [gflaf_]fl gZda_Ylagfk Yk Y >gjjgo]j mf\]j Yfq BafYf[] @g[me]flk* o`]j]mhgf l`Yl [gehYfq k`Ydd []Yk] lg Z] Y >gjjgo]j Yf\ k`Ydd `Yn] fg ^mjl`]j ja_`lk gj gZda_Ylagfk mf\]j l`] BafYf[] @g[me]flk, -2)/ 6TTYdY_^Q\ <eQbQ^d_bc (Y) OmZb][l lg [gehdaYf[] oal` l`] hjgnakagfk g^ [dYmk]k 00,5([) Yf\ 00,5(\)* l`] ?gehYfq eYq j]im]kl l`Yl Yfq g^ alk OmZka\aYja]k Z][ge] Yf =\\alagfYd CmYjYflgj Yf\ emkl ]fkmj] (kmZb][l lg [dYmk] 05,2(\)) l`Yl Yfq e]eZ]j g^ l`] Cjgmh o`a[` ak Y IYl]jaYd ?gehYfq k`Ydd oal`af 4. \Yqk (gj* o`]j] l`] IYl]jaYd ?gehYfq ak af[gjhgjYl]\ af Y bmjak\a[lagf gmlka\] g^ Af_dYf\ Yf\ SYd]k* O[gldYf\ gj Jgjl`]jf Ej]dYf\* 7. \Yqk) Y^l]j Z][geaf_ Y IYl]jaYd ?gehYfq* Z][ge] Yf =\\alagfYd CmYjYflgj, P`Yl OmZka\aYjq k`Ydd Z][ge] Yf =\\alagfYd CmYjYflgj a^8 (a) l`] ?gehYfq \]dan]jk lg l`] =_]fl Y \mdq [gehd]l]\ Yf\ ]p][ml]\ =[[]kkagf H]ll]j9 Yf\ (aa) l`] =_]fl `Yk j][]an]\ Ydd g^ l`] \g[me]flk Yf\ gl`]j ]na\]f[] dakl]\ af hYjl 0 g^ k[`]\md] 0 (Conditions Precedent) af j]dYlagf lg l`Yl =\\alagfYd CmYjYflgj* ]Y[` af ^gje Yf\ kmZklYf[] kYlak^Y[lgjq lg l`] =_]fl, (Z) P`] =_]fl k`Ydd fgla^q l`] ?gehYfq Yf\ l`] H]f\]jk hjgehldq mhgf Z]af_ kYlak^a]\ l`Yl al `Yk j][]an]\ (af ^gje Yf\ kmZklYf[] kYlak^Y[lgjq lg al) Ydd l`] \g[me]flk Yf\ gl`]j ]na\]f[] dakl]\ af hYjl 0 g^ k[`]\md] 0 (Conditions Precedent), ([) Kl`]j l`Yf lg l`] ]pl]fl l`Yl l`] IYbgjalq H]f\]jk fgla^q l`] =_]fl af ojalaf_ lg l`] [gfljYjq Z]^gj] l`] =_]fl _an]k l`] fgla^a[Ylagf \]k[jaZ]\ af [dYmk] 05,2(Z)* l`] H]f\]jk Yml`gjak] (Zml \g fgl j]imaj]) l`] =_]fl lg _an] l`Yl fgla^a[Ylagf, P`] =_]fl k`Ydd fgl Z] daYZd] ^gj Yfq \YeY_]k* [gklk gj dgkk]k o`Ylkg]n]j Yk Y j]kmdl g^ _anaf_ Yfq km[` fgla^a[Ylagf, (\) = e]eZ]j g^ l`] Cjgmh o`a[` ak Y IYl]jaYd ?gehYfq ak fgl j]imaj]\ lg Z][ge] Y CmYjYflgj a^ al ak ^gje]\ Yf\-gj j]ka\]fl af Yf Ap[dm\]\ Fmjak\a[lagf gj [Yffgl Z][ge] Y CmYjYflgj \m] lg d]_Yd gj ^afYf[aYd hjg`aZalagfk gj Z][Ymk] l`] [gklk gj d]_Yd Yf\ hjY[la[Yd \a^^a[mdla]k afngdn]\ af Z][geaf_ Y CmYjYflgj Yj]* af l`] j]YkgfYZd] ghafagf g^ l`] ?gehYfq* \akhjghgjlagfYl] lg l`] Z]f]^al gZlYaf]\ Zq l`] Z]f]^a[aYja]k g^ l`Yl _mYjYfl]], 1;5=487:"2:>69;<6"31-"++,/002%#%%**#(%..#+02'#)0+$)(&//%0. 

 

#/046.26.4n6:=?PERA< + BY[adala]k Y_j]]e]fl + Hmp^]j+ ATA?QPEKJ /0. -2)0 GU`UdYdY_^ _V GU`bUcU^dQdY_^c @]dan]jq g^ Yf =[[]kkagf H]ll]j [gfklalml]k [gf^ajeYlagf Zq l`] j]d]nYfl OmZka\aYjq l`Yl l`] N]h]Ylaf_ N]hj]k]flYlagfk Yj] ljm] Yf\ [gjj][l af j]dYlagf lg al Yk Yl l`] \Yl] g^ \]dan]jq Yk a^ eY\] Zq j]^]j]f[] lg l`] ^Y[lk Yf\ [aj[meklYf[]k l`]f ]paklaf_, -2)1 GUcYW^QdY_^ _V Q <eQbQ^d_b (Y) P`] ?gehYfq eYq j]im]kl l`Yl Y CmYjYflgj (gl`]j l`Yf l`] ?gehYfq) []Yk]k lg Z] Y CmYjYflgj Zq \]dan]jaf_ lg l`] =_]fl Y N]ka_fYlagf H]ll]j, (Z) P`] =_]fl k`Ydd Y[[]hl Y N]ka_fYlagf H]ll]j Yf\ fgla^q l`] ?gehYfq Yf\ l`] H]f\]jk g^ alk Y[[]hlYf[] a^8 (a) fg @]^Ymdl ak [gflafmaf_ gj ogmd\ j]kmdl ^jge l`] Y[[]hlYf[] g^ l`] N]ka_fYlagf H]ll]j (Yf\ l`] ?gehYfq `Yk [gf^aje]\ l`ak ak l`] [Yk])9 Yf\ (aa) l`] IYbgjalq H]f\]jk `Yn] [gfk]fl]\ lg l`] ?gehYfq'k j]im]kl, H:8I>DC ,+ I=: ;>C6C8: E6GI>:H -3) GDA: D; I=: 6<:CI 6C9 I=: 6GG6C<:G -3), 6``_Y^d]U^d _V dXU 6WU^d (Y) AY[` g^ l`] =jjYf_]j Yf\ l`] H]f\]jk Yhhgaflk l`] =_]fl lg Y[l Yk alk Y_]fl mf\]j Yf\ af [gff][lagf oal` l`] BafYf[] @g[me]flk, (Z) AY[` g^ l`] =jjYf_]j Yf\ l`] H]f\]jk Yml`gjak]k l`] =_]fl lg h]j^gje l`] \mla]k* gZda_Ylagfk Yf\ j]khgfkaZadala]k Yf\ lg ]p]j[ak] l`] ja_`lk* hgo]jk* Yml`gjala]k Yf\ \ak[j]lagfk kh][a^a[Yddq _an]f lg l`] =_]fl mf\]j gj af [gff][lagf oal` l`] BafYf[] @g[me]flk lg_]l`]j oal` Yfq gl`]j af[a\]flYd ja_`lk* hgo]jk* Yml`gjala]k Yf\ \ak[j]lagfk, -3)- >^cdbeSdY_^c (Y) P`] =_]fl k`Ydd8 (a) mfd]kk Y [gfljYjq af\a[Ylagf Yhh]Yjk af Y BafYf[] @g[me]fl* ]p]j[ak] gj j]^jYaf ^jge ]p]j[akaf_ Yfq ja_`l* hgo]j* Yml`gjalq gj \ak[j]lagf n]kl]\ af al Yk =_]fl af Y[[gj\Yf[] oal` Yfq afkljm[lagfk _an]f lg al Zq8 (=) Ydd H]f\]jk a^ l`] j]d]nYfl BafYf[] @g[me]fl klahmdYl]k l`] eYll]j ak Yf Ydd H]f\]j \][akagf9 Yf\ (>) af Ydd gl`]j [Yk]k* l`] IYbgjalq H]f\]jk9 Yf\ (aa) fgl Z] daYZd] ^gj Yfq Y[l (gj geakkagf) a^ al Y[lk (gj j]^jYafk ^jge Y[laf_) af Y[[gj\Yf[] oal` [dYmk] 06,0(Y)(a), (Z) P`] =_]fl k`Ydd Z] ]flald]\ lg j]im]kl afkljm[lagfk* gj [dYja^a[Ylagf g^ Yfq afkljm[lagf* ^jge l`] IYbgjalq H]f\]jk (gj* a^ l`] j]d]nYfl BafYf[] @g[me]fl klahmdYl]k l`] eYll]j 1;5=487:"2:>69;<6"31-"++,/002%#%%**#(%..#+02'#)0+$)(&//%0. 

 

#/046.26.4n6:=?PERA< + BY[adala]k Y_j]]e]fl + Hmp^]j+ ATA?QPEKJ /0/ ak Y \][akagf ^gj Yfq gl`]j H]f\]j gj _jgmh g^ H]f\]jk* ^jge l`Yl H]f\]j gj _jgmh g^ H]f\]jk) Yk lg o`]l`]j* Yf\ af o`Yl eYff]j* al k`gmd\ ]p]j[ak] gj j]^jYaf ^jge ]p]j[akaf_ Yfq ja_`l* hgo]j* Yml`gjalq gj \ak[j]lagf, P`] =_]fl eYq j]^jYaf ^jge Y[laf_ mfd]kk Yf\ mflad al j][]an]k Yfq km[` afkljm[lagfk gj [dYja^a[Ylagf l`Yl al `Yk j]im]kl]\, ([) OYn] af l`] [Yk] g^ \][akagfk klahmdYl]\ lg Z] Y eYll]j ^gj Yfq gl`]j H]f\]j gj _jgmh g^ H]f\]jk mf\]j l`] j]d]nYfl BafYf[] @g[me]fl Yf\ mfd]kk Y [gfljYjq af\a[Ylagf Yhh]Yjk af Y BafYf[] @g[me]fl* Yfq afkljm[lagfk _an]f lg l`] =_]fl Zq l`] IYbgjalq H]f\]jk k`Ydd gn]jja\] Yfq [gf^da[laf_ afkljm[lagfk _an]f Zq Yfq gl`]j LYjla]k Yf\ oadd Z] Zaf\af_ gf Ydd BafYf[] LYjla]k, (\) P`] =_]fl eYq j]^jYaf ^jge Y[laf_ af Y[[gj\Yf[] oal` Yfq afkljm[lagfk g^ Yfq H]f\]j gj _jgmh g^ H]f\]jk mflad al `Yk j][]an]\ Yfq af\]efa^a[Ylagf Yf\-gj k][mjalq l`Yl al eYq af alk \ak[j]lagf j]imaj] (o`a[` eYq Z] _j]Yl]j af ]pl]fl l`Yf l`Yl [gflYaf]\ af l`] BafYf[] @g[me]flk Yf\ o`a[` eYq af[dm\] hYqe]fl af Y\nYf[]) ^gj Yfq [gkl* dgkk gj daYZadalq o`a[` al eYq af[mj af [gehdqaf_ oal` l`gk] afkljm[lagfk, (]) Ef l`] YZk]f[] g^ afkljm[lagfk* l`] =_]fl eYq Y[l (gj j]^jYaf ^jge Y[laf_) Yk al [gfka\]jk lg Z] af l`] Z]kl afl]j]kl g^ l`] H]f\]jk, (^) P`] =_]fl ak fgl Yml`gjak]\ lg Y[l gf Z]`Yd^ g^ Y H]f\]j (oal`gml ^ajkl gZlYafaf_ l`Yl H]f\]j'k [gfk]fl) af Yfq d]_Yd gj YjZaljYlagf hjg[]]\af_k j]dYlaf_ lg Yfq BafYf[] @g[me]fl, -3). 9edYUc _V dXU 6WU^d (Y) P`] =_]fl'k \mla]k mf\]j l`] BafYf[] @g[me]flk Yj] kgd]dq e][`Yfa[Yd Yf\ Y\eafakljYlan] af fYlmj], (Z) OmZb][l lg [dYmk] 06,1([)* l`] =_]fl k`Ydd hjgehldq ^gjoYj\ lg Y LYjlq l`] gja_afYd gj Y [ghq g^ Yfq \g[me]fl o`a[` ak \]dan]j]\ lg l`] =_]fl ^gj l`Yl LYjlq Zq Yfq gl`]j LYjlq, ([) Sal`gml hj]bm\a[] lg [dYmk] 04,6 (Copy of Transfer Certificate, Assignment  Agreement or Increase Confirmation to Company)* [dYmk] 06,1(Z) k`Ydd fgl Yhhdq lg Yfq PjYfk^]j ?]jla^a[Yl]* Yfq =kka_fe]fl =_j]]e]fl gj Yfq Ef[j]Yk] ?gf^ajeYlagf, (\) Ap[]hl o`]j] Y BafYf[] @g[me]fl kh][a^a[Yddq hjgna\]k gl`]joak]* l`] =_]fl ak fgl gZda_]\ lg j]na]o gj [`][c l`] Y\]imY[q* Y[[mjY[q gj [gehd]l]f]kk g^ Yfq \g[me]fl al ^gjoYj\k lg Yfgl`]j LYjlq, (]) E^ l`] =_]fl j][]an]k fgla[] ^jge Y LYjlq j]^]jjaf_ lg l`ak =_j]]e]fl* \]k[jaZaf_ Y @]^Ymdl Yf\ klYlaf_ l`Yl l`] [aj[meklYf[] \]k[jaZ]\ ak Y @]^Ymdl* al k`Ydd hjgehldq fgla^q l`] gl`]j BafYf[] LYjla]k, (^) E^ l`] =_]fl ak YoYj] g^ l`] fgf+hYqe]fl g^ Yfq hjaf[ahYd* afl]j]kl* [geeale]fl ^]] gj gl`]j ^]] hYqYZd] lg Y BafYf[] LYjlq (gl`]j l`Yf l`] =_]fl gj l`] =jjYf_]j) mf\]j l`ak =_j]]e]fl al k`Ydd hjgehldq fgla^q l`] gl`]j BafYf[] LYjla]k, (_) P`] =_]fl k`Ydd `Yn] gfdq l`gk] \mla]k* gZda_Ylagfk Yf\ j]khgfkaZadala]k ]phj]kkdq kh][a^a]\ af l`] BafYf[] @g[me]flk lg o`a[` al ak ]phj]kk]\ lg Z] Y hYjlq (Yf\ fg gl`]jk k`Ydd Z] aehda]\), 1;5=487:"2:>69;<6"31-"++,/002%#%%**#(%..#+02'#)0+$)(&//%0. 

 

#/046.26.4n6:=?PERA< + BY[adala]k Y_j]]e]fl + Hmp^]j+ ATA?QPEKJ /00 -3)/ G_\U _V dXU 6bbQ^WUb Ap[]hl Yk kh][a^a[Yddq hjgna\]\ af l`] BafYf[] @g[me]flk* l`] =jjYf_]j `Yk fg gZda_Ylagfk g^ Yfq caf\ lg Yfq gl`]j LYjlq mf\]j gj af [gff][lagf oal` Yfq BafYf[] @g[me]fl, -3)0 C_ VYTeSYQbi TedYUc (Y) Jgl`af_ af Yfq BafYf[] @g[me]fl [gfklalml]k l`] =_]fl gj l`] =jjYf_]j Yk Y ljmkl]] gj ^a\m[aYjq g^ Yfq gl`]j h]jkgf, (Z) J]al`]j l`] =_]fl fgj l`] =jjYf_]j k`Ydd Z] Zgmf\ lg Y[[gmfl lg Yfq H]f\]j ^gj Yfq kme gj l`] hjg^al ]d]e]fl g^ Yfq kme j][]an]\ Zq al ^gj alk gof Y[[gmfl, -3)1 7ecY^Ucc gYdX dXU <b_e` P`] =_]fl Yf\ l`] =jjYf_]j eYq Y[[]hl \]hgkalk ^jge* d]f\ egf]q lg Yf\ _]f]jYddq ]f_Y_] af Yfq caf\ g^ ZYfcaf_ gj gl`]j Zmkaf]kk oal` Yfq e]eZ]j g^ l`] Cjgmh, -3)2 GYWXdc Q^T TYcSbUdY_^c (Y) P`] =_]fl eYq8 (a) j]dq gf Yfq j]hj]k]flYlagf* [geemfa[Ylagf* fgla[] gj \g[me]fl Z]da]n]\ Zq al lg Z] _]fmaf]* [gjj][l Yf\ YhhjghjaYl]dq Yml`gjak]\9 (aa) Ykkme] l`Yl8 (=) Yfq afkljm[lagfk j][]an]\ Zq al ^jge l`] IYbgjalq H]f\]jk* Yfq H]f\]jk gj Yfq _jgmh g^ H]f\]jk Yj] \mdq _an]f af Y[[gj\Yf[] oal` l`] l]jek g^ l`] BafYf[] @g[me]flk9 Yf\ (>) mfd]kk al `Yk j][]an]\ fgla[] g^ j]ng[Ylagf* l`Yl l`gk] afkljm[lagfk `Yn] fgl Z]]f j]ngc]\9 Yf\ (aaa) j]dq gf Y []jla^a[Yl] ^jge Yfq h]jkgf8 (=) Yk lg Yfq eYll]j g^ ^Y[l gj [aj[meklYf[] o`a[` ea_`l j]YkgfYZdq Z] ]ph][l]\ lg Z] oal`af l`] cfgod]\_] g^ l`Yl h]jkgf9 gj (>) lg l`] ]^^][l l`Yl km[` h]jkgf Yhhjgn]k g^ Yfq hYjla[mdYj \]Ydaf_* ljYfkY[lagf* kl]h* Y[lagf gj l`af_* Yk km^^a[a]fl ]na\]f[] l`Yl l`Yl ak l`] [Yk] Yf\* af l`] [Yk] g^ [dYmk] 06,5(Y)(aaa)(=)* eYq Ykkme] l`] ljml` Yf\ Y[[mjY[q g^ l`Yl []jla^a[Yl], (Z) P`] =_]fl eYq Ykkme] (mfd]kk al `Yk j][]an]\ fgla[] lg l`] [gfljYjq af alk [YhY[alq Yk Y_]fl ^gj l`] H]f\]jk) l`Yl8 (a) fg @]^Ymdl `Yk g[[mjj]\ (mfd]kk al `Yk Y[lmYd cfgod]\_] g^ Y @]^Ymdl Yjakaf_ mf\]j [dYmk] 03,/ (Non-payment))9 (aa) Yfq ja_`l* hgo]j* Yml`gjalq gj \ak[j]lagf n]kl]\ af Yfq LYjlq gj Yfq _jgmh g^ H]f\]jk `Yk fgl Z]]f ]p]j[ak]\9 Yf\ 1;5=487:"2:>69;<6"31-"++,/002%#%%**#(%..#+02'#)0+$)(&//%0. 

 

#/046.26.4n6:=?PERA< + BY[adala]k Y_j]]e]fl + Hmp^]j+ ATA?QPEKJ /01 (aaa) Yfq fgla[] gj j]im]kl eY\] Zq l`] ?gehYfq (gl`]j l`Yf Y QladakYlagf N]im]kl) ak eY\] gf Z]`Yd^ g^ Yf\ oal` l`] [gfk]fl Yf\ cfgod]\_] g^ Ydd l`] KZda_gjk, ([) P`] =_]fl eYq ]f_Y_] Yf\ hYq ^gj l`] Y\na[] gj k]jna[]k g^ Yfq dYoq]jk* Y[[gmflYflk* lYp Y\nak]jk* kmjn]qgjk gj gl`]j hjg^]kkagfYd Y\nak]jk gj ]ph]jlk, (\) Sal`gml hj]bm\a[] lg l`] _]f]jYdalq g^ [dYmk] 06,5([) gj 06,5(])* l`] =_]fl eYq Yl Yfq lae] ]f_Y_] Yf\ hYq ^gj l`] k]jna[]k g^ Yfq dYoq]jk lg Y[l Yk af\]h]f\]fl [gmfk]d lg l`] =_]fl (Yf\ kg k]hYjYl] ^jge Yfq dYoq]jk afkljm[l]\ Zq l`] H]f\]jk) a^ l`] =_]fl af alk j]YkgfYZd] ghafagf \]]ek l`ak lg Z] f][]kkYjq, (]) P`] =_]fl eYq j]dq gf l`] Y\na[] gj k]jna[]k g^ Yfq dYoq]jk* Y[[gmflYflk* lYp Y\nak]jk* kmjn]qgjk gj gl`]j hjg^]kkagfYd Y\nak]jk gj ]ph]jlk (o`]l`]j gZlYaf]\ Zq l`] =_]fl gj Zq Yfq gl`]j LYjlq) Yf\ k`Ydd fgl Z] daYZd] ^gj Yfq \YeY_]k* [gklk gj dgkk]k lg Yfq h]jkgf* Yfq \aeafmlagf af nYdm] gj Yfq daYZadalq o`Ylkg]n]j Yjakaf_ Yk Y j]kmdl g^ alk kg j]dqaf_, (^) P`] =_]fl eYq Y[l af j]dYlagf lg l`] BafYf[] @g[me]flk l`jgm_` alk g^^a[]jk* ]ehdgq]]k Yf\ Y_]flk, (_) Qfd]kk Y BafYf[] @g[me]fl ]phj]kkdq hjgna\]k gl`]joak] l`] =_]fl eYq \ak[dgk] lg Yfq gl`]j LYjlq Yfq af^gjeYlagf al j]YkgfYZdq Z]da]n]k al `Yk j][]an]\ Yk Y_]fl mf\]j l`ak =_j]]e]fl, (`) Sal`gml hj]bm\a[] lg l`] _]f]jYdalq g^ [dYmk] 1/,5(_)* l`] =_]fl8 (a) eYq \ak[dgk]9 Yf\ (aa) gf l`] ojall]f j]im]kl g^ l`] ?gehYfq gj l`] IYbgjalq H]f\]jk k`Ydd* Yk kggf Yk j]YkgfYZdq hjY[la[YZd]* \ak[dgk]* l`] a\]flalq g^ Y @]^Ymdlaf_ H]f\]j lg l`] ?gehYfq Yf\ lg l`] gl`]j BafYf[] LYjla]k, (a) Jgloal`klYf\af_ Yfq gl`]j hjgnakagf g^ Yfq BafYf[] @g[me]fl lg l`] [gfljYjq* f]al`]j l`] =_]fl fgj l`] =jjYf_]j ak gZda_]\ lg \g gj geal lg \g Yfql`af_ a^ al ogmd\* gj ea_`l af alk j]YkgfYZd] ghafagf* [gfklalml] Y Zj]Y[` g^ Yfq dYo gj j]_mdYlagf gj Y Zj]Y[` g^ Y ^a\m[aYjq \mlq gj \mlq g^ [gf^a\]flaYdalq, (b) Jgloal`klYf\af_ Yfq hjgnakagf g^ Yfq BafYf[] @g[me]fl lg l`] [gfljYjq* l`] =_]fl ak fgl gZda_]\ lg ]ph]f\ gj jakc alk gof ^mf\k gj gl`]joak] af[mj Yfq ^afYf[aYd daYZadalq af l`] h]j^gjeYf[] g^ alk \mla]k* gZda_Ylagfk gj j]khgfkaZadala]k gj l`] ]p]j[ak] g^ Yfq ja_`l* hgo]j* Yml`gjalq gj \ak[j]lagf a^ al `Yk _jgmf\k ^gj Z]da]naf_ l`] j]hYqe]fl g^ km[` ^mf\k gj Y\]imYl] af\]efalq Y_Yafkl* gj k][mjalq ^gj* km[` jakc gj daYZadalq ak fgl j]YkgfYZdq Ykkmj]\ lg al, -3)3 GUc`_^cYRY\Ydi V_b T_Se]U^dQdY_^ J]al`]j l`] =_]fl fgj l`] =jjYf_]j ak j]khgfkaZd] gj daYZd] ^gj8 (Y) l`] Y\]imY[q* Y[[mjY[q gj [gehd]l]f]kk g^ Yfq af^gjeYlagf (o`]l`]j gjYd gj ojall]f) kmhhda]\ Zq l`] =_]fl* l`] =jjYf_]j* Yf KZda_gj gj Yfq gl`]j h]jkgf af gj af [gff][lagf oal` Yfq BafYf[] @g[me]fl gj l`] Ef^gjeYlagf I]egjYf\me gj l`] ljYfkY[lagfk [gfl]ehdYl]\ af l`] BafYf[] @g[me]flk gj Yfq gl`]j Y_j]]e]fl* 1;5=487:"2:>69;<6"31-"++,/002%#%%**#(%..#+02'#)0+$)(&//%0. 

 

#/046.26.4n6:=?PERA< + BY[adala]k Y_j]]e]fl + Hmp^]j+ ATA?QPEKJ /02 YjjYf_]e]fl gj \g[me]fl ]fl]j]\ aflg* eY\] gj ]p][ml]\ af Yfla[ahYlagf g^* mf\]j gj af [gff][lagf oal` Yfq BafYf[] @g[me]fl9 (Z) l`] d]_Ydalq* nYda\alq* ]^^][lan]f]kk* Y\]imY[q gj ]f^gj[]YZadalq g^ Yfq BafYf[] @g[me]fl gj Yfq gl`]j Y_j]]e]fl* YjjYf_]e]fl gj \g[me]fl ]fl]j]\ aflg* eY\] gj ]p][ml]\ af Yfla[ahYlagf g^* mf\]j gj af [gff][lagf oal` Yfq BafYf[] @g[me]fl9 gj ([) Yfq \]l]jeafYlagf Yk lg o`]l`]j Yfq af^gjeYlagf hjgna\]\ gj lg Z] hjgna\]\ lg Yfq BafYf[] LYjlq ak fgf+hmZda[ af^gjeYlagf l`] mk] g^ o`a[` eYq Z] j]_mdYl]\ gj hjg`aZal]\ Zq Yhhda[YZd] dYo gj j]_mdYlagf j]dYlaf_ lg afka\]j \]Ydaf_ gj gl`]joak], -3)4 C_ Tedi d_ ]_^Yd_b P`] =_]fl k`Ydd fgl Z] Zgmf\ lg ]fimaj]8 (Y) o`]l`]j gj fgl Yfq @]^Ymdl `Yk g[[mjj]\9 (Z) Yk lg l`] h]j^gjeYf[]* \]^Ymdl gj Yfq Zj]Y[` Zq Yfq LYjlq g^ alk gZda_Ylagfk mf\]j Yfq BafYf[] @g[me]fl9 gj ([) o`]l`]j Yfq gl`]j ]n]fl kh][a^a]\ af Yfq BafYf[] @g[me]fl `Yk g[[mjj]\, -3),+ :hS\ecY_^ _V \YQRY\Ydi (Y) Sal`gml daealaf_ [dYmk] 06,/.(Z) (Yf\ oal`gml hj]bm\a[] lg Yfq gl`]j hjgnakagf g^ Yfq BafYf[] @g[me]fl ]p[dm\af_ gj daealaf_ l`] daYZadalq g^ l`] =_]fl)* l`] =_]fl oadd fgl Z] daYZd] ^gj8 (a) Yfq \YeY_]k* [gklk gj dgkk]k lg Yfq h]jkgf* Yfq \aeafmlagf af nYdm]* gj Yfq daYZadalq o`Ylkg]n]j Yjakaf_ Yk Y j]kmdl g^ lYcaf_ gj fgl lYcaf_ Yfq Y[lagf mf\]j gj af [gff][lagf oal` Yfq BafYf[] @g[me]fl* mfd]kk \aj][ldq [Ymk]\ Zq alk _jgkk f]_da_]f[] gj oad^md eak[gf\m[l9 (aa) ]p]j[akaf_* gj fgl ]p]j[akaf_* Yfq ja_`l* hgo]j* Yml`gjalq gj \ak[j]lagf _an]f lg al Zq* gj af [gff][lagf oal`* Yfq BafYf[] @g[me]fl gj Yfq gl`]j Y_j]]e]fl* YjjYf_]e]fl gj \g[me]fl ]fl]j]\ aflg* eY\] gj ]p][ml]\ af Yfla[ahYlagf g^* mf\]j gj af [gff][lagf oal`* Yfq BafYf[] @g[me]fl* gl`]j l`Yf Zq j]Ykgf g^ alk _jgkk f]_da_]f[] gj oad^md eak[gf\m[l9 gj (aaa) oal`gml hj]bm\a[] lg l`] _]f]jYdalq g^ [dYmk]k 06,/.(Y)(a) Yf\ 06,/.(Y)(aa)* Yfq \YeY_]k* [gklk gj dgkk]k lg Yfq h]jkgf* Yfq \aeafmlagf af nYdm] gj Yfq daYZadalq o`Ylkg]n]j Zml fgl af[dm\af_ Yfq [dYae ZYk]\ gf l`] ^jYm\ g^ l`] =_]fl) Yjakaf_ Yk Y j]kmdl g^8 (=) Yfq Y[l* ]n]fl gj [aj[meklYf[] fgl j]YkgfYZdq oal`af alk [gfljgd9 gj (>) l`] _]f]jYd jakck g^ afn]kle]fl af* gj l`] `gd\af_ g^ Ykk]lk af* Yfq bmjak\a[lagf* af[dm\af_ (af ]Y[` [Yk] Yf\ oal`gml daealYlagf) km[` \YeY_]k* [gklk* dgkk]k* \aeafmlagf af nYdm] gj daYZadalq Yjakaf_ Yk Y j]kmdl g^8 fYlagfYdakYlagf* ]phjghjaYlagf gj gl`]j _gn]jfe]flYd Y[lagfk9 Yfq j]_mdYlagf* [mjj]f[q j]klja[lagf* \]nYdmYlagf gj ^dm[lmYlagf9 eYjc]l [gf\alagfk Y^^][laf_ l`] ]p][mlagf gj k]lld]e]fl g^ ljYfkY[lagfk gj l`] nYdm] g^ Ykk]lk (af[dm\af_ Yfq 1;5=487:"2:>69;<6"31-"++,/002%#%%**#(%..#+02'#)0+$)(&//%0. 

 

#/046.26.4n6:=?PERA< + BY[adala]k Y_j]]e]fl + Hmp^]j+ ATA?QPEKJ /03 @akjmhlagf An]fl)9 Zj]Yc\gof* ^Yadmj] gj eYd^mf[lagf g^ Yfq l`aj\ hYjlq ljYfkhgjl* l]d][geemfa[Ylagfk* [gehml]j k]jna[]k gj kqkl]ek9 fYlmjYd \akYkl]jk gj Y[lk g^ Cg\9 oYj* l]jjgjake* afkmjj][lagf gj j]ngdmlagf9 gj kljac]k gj af\mkljaYd Y[lagf, (Z) Jg LYjlq (gl`]j l`Yf l`] =_]fl) eYq lYc] Yfq hjg[]]\af_k Y_Yafkl Yfq g^^a[]j* ]ehdgq]] gj Y_]fl g^ l`] =_]fl af j]kh][l g^ Yfq [dYae al ea_`l `Yn] Y_Yafkl l`] =_]fl gj af j]kh][l g^ Yfq Y[l gj geakkagf g^ Yfq caf\ Zq l`Yl g^^a[]j* ]ehdgq]] gj Y_]fl af j]dYlagf lg Yfq BafYf[] @g[me]fl Yf\ Yfq g^^a[]j* ]ehdgq]] gj Y_]fl g^ l`] =_]fl eYq j]dq gf l`ak [dYmk] kmZb][l lg [dYmk] /,2 (Third party rights) Yf\ l`] hjgnakagfk g^ l`] P`aj\ LYjla]k =[l, ([) P`] =_]fl oadd fgl Z] daYZd] ^gj Yfq \]dYq (gj Yfq j]dYl]\ [gfk]im]f[]k) af [j]\alaf_ Yf Y[[gmfl oal` Yf Yegmfl j]imaj]\ mf\]j l`] BafYf[] @g[me]flk lg Z] hYa\ Zq l`] =_]fl a^ l`] =_]fl `Yk lYc]f Ydd f][]kkYjq kl]hk Yk kggf Yk j]YkgfYZdq hjY[la[YZd] lg [gehdq oal` l`] j]_mdYlagfk gj gh]jYlaf_ hjg[]\mj]k g^ Yfq j][g_fak]\ [d]Yjaf_ gj k]lld]e]fl kqkl]e mk]\ Zq l`] =_]fl ^gj l`Yl hmjhgk], (\) Jgl`af_ af l`ak =_j]]e]fl k`Ydd gZda_] l`] =_]fl gj l`] =jjYf_]j lg [Yjjq gml8 (a) Yfq "know your customer" gj gl`]j [`][ck af j]dYlagf lg Yfq h]jkgf9 gj (aa) Yfq [`][c gf l`] ]pl]fl lg o`a[` Yfq ljYfkY[lagf [gfl]ehdYl]\ Zq l`ak =_j]]e]fl ea_`l Z] mfdYo^md ^gj Yfq H]f\]j gj ^gj Yfq =^^adaYl] g^ Yfq H]f\]j* gf Z]`Yd^ g^ Yfq H]f\]j Yf\ ]Y[` H]f\]j [gf^ajek lg l`] =_]fl Yf\ l`] =jjYf_]j l`Yl al ak kgd]dq j]khgfkaZd] ^gj Yfq km[` [`][ck al ak j]imaj]\ lg [Yjjq gml Yf\ l`Yl al eYq fgl j]dq gf Yfq klYl]e]fl af j]dYlagf lg km[` [`][ck eY\] Zq l`] =_]fl gj l`] =jjYf_]j, (]) Sal`gml hj]bm\a[] lg Yfq hjgnakagf g^ Yfq BafYf[] @g[me]fl ]p[dm\af_ gj daealaf_ l`] =_]fl'k daYZadalq* Yfq daYZadalq g^ l`] =_]fl Yjakaf_ mf\]j gj af [gff][lagf oal` Yfq BafYf[] @g[me]fl k`Ydd Z] daeal]\ lg l`] Yegmfl g^ Y[lmYd dgkk o`a[` `Yk Z]]f km^^]j]\ (Yk \]l]jeaf]\ Zq j]^]j]f[] lg l`] \Yl] g^ \]^Ymdl g^ l`] =_]fl gj* a^ dYl]j* l`] \Yl] gf o`a[` l`] dgkk Yjak]k Yk Y j]kmdl g^ km[` \]^Ymdl) Zml oal`gml j]^]j]f[] lg Yfq kh][aYd [gf\alagfk gj [aj[meklYf[]k cfgof lg l`] =_]fl Yl Yfq lae] o`a[` af[j]Yk] l`] Yegmfl g^ l`Yl dgkk, Ef fg ]n]fl k`Ydd l`] =_]fl Z] daYZd] ^gj Yfq dgkk g^ hjg^alk* _gg\oadd* j]hmlYlagf* Zmkaf]kk ghhgjlmfalq gj Yfla[ahYl]\ kYnaf_* gj ^gj kh][aYd* hmfalan]* af\aj][l gj [gfk]im]flaYd \YeY_]k* o`]l`]j gj fgl l`] =_]fl `Yk Z]]f Y\nak]\ g^ l`] hgkkaZadalq g^ km[` dgkk gj \YeY_]k, -3),, AU^TUbc$ Y^TU]^Ydi d_ dXU 6WU^d AY[` H]f\]j k`Ydd (af hjghgjlagf lg alk k`Yj] g^ l`] PglYd ?geeale]flk gj* a^ l`] PglYd ?geeale]flk Yj] l`]f r]jg* lg alk k`Yj] g^ l`] PglYd ?geeale]flk aee]\aYl]dq hjagj lg l`]aj j]\m[lagf lg r]jg) af\]efa^q l`] =_]fl* oal`af l`j]] >mkaf]kk @Yqk g^ \]eYf\* Y_Yafkl Yfq [gkl* dgkk gj daYZadalq (af[dm\af_* oal`gml daealYlagf* ^gj f]_da_]f[] gj Yfq gl`]j [Yl]_gjq g^ daYZadalq o`Ylkg]n]j) af[mjj]\ Zq l`] =_]fl (gl`]joak] l`Yf Zq j]Ykgf g^ l`] =_]fl'k _jgkk f]_da_]f[] gj oad^md eak[gf\m[l gj* af l`] [Yk] g^ Yfq [gkl* dgkk gj daYZadalq hmjkmYfl lg [dYmk] 1/,// (Disruption to payment systems etc) fgloal`klYf\af_ l`] =_]fl'k f]_da_]f[]* _jgkk f]_da_]f[] gj Yfq gl`]j [Yl]_gjq g^ daYZadalq o`Ylkg]n]j Zml fgl af[dm\af_ Yfq [dYae ZYk]\ gf l`] ^jYm\ g^ l`] =_]fl) af Y[laf_ Yk =_]fl mf\]j l`] BafYf[] @g[me]flk (mfd]kk l`] =_]fl `Yk Z]]f j]aeZmjk]\ Zq Yf KZda_gj hmjkmYfl lg Y BafYf[] @g[me]fl), 1;5=487:"2:>69;<6"31-"++,/002%#%%**#(%..#+02'#)0+$)(&//%0. 

 

#/046.26.4n6:=?PERA< + BY[adala]k Y_j]]e]fl + Hmp^]j+ ATA?QPEKJ /04 -3),- GUcYW^QdY_^ _V dXU 6WU^d (Y) P`] =_]fl eYq j]ka_f Yf\ Yhhgafl gf] g^ alk =^^adaYl]k Y[laf_ l`jgm_` Yf g^^a[] af l`] Qfal]\ Gaf_\ge Yk km[[]kkgj Zq _anaf_ fgla[] lg l`] H]f\]jk Yf\ l`] ?gehYfq, (Z) =dl]jfYlan]dq l`] =_]fl eYq j]ka_f Zq _anaf_ 1. \Yqk' fgla[] lg l`] H]f\]jk Yf\ l`] ?gehYfq* af o`a[` [Yk] l`] IYbgjalq H]f\]jk (Y^l]j [gfkmdlYlagf oal` l`] ?gehYfq) eYq Yhhgafl Y km[[]kkgj =_]fl, ([) E^ l`] IYbgjalq H]f\]jk `Yn] fgl Yhhgafl]\ Y km[[]kkgj =_]fl af Y[[gj\Yf[] oal` [dYmk] 06,/0(Z) oal`af 0. \Yqk Y^l]j fgla[] g^ j]ka_fYlagf oYk _an]f* l`] j]lajaf_ =_]fl (Y^l]j [gfkmdlYlagf oal` l`] ?gehYfq) eYq Yhhgafl Y km[[]kkgj =_]fl (Y[laf_ l`jgm_` Yf g^^a[] af l`] Qfal]\ Gaf_\ge), (\) E^ l`] =_]fl oak`]k lg j]ka_f Z][Ymk] (Y[laf_ j]YkgfYZdq) al `Yk [gf[dm\]\ l`Yl al ak fg dgf_]j YhhjghjaYl] ^gj al lg j]eYaf Yk Y_]fl Yf\ l`] =_]fl ak ]flald]\ lg Yhhgafl Y km[[]kkgj =_]fl mf\]j [dYmk] 06,/0([)* l`] =_]fl eYq (a^ al [gf[dm\]k (Y[laf_ j]YkgfYZdq) l`Yl al ak f][]kkYjq lg \g kg af gj\]j lg h]jkmY\] l`] hjghgk]\ km[[]kkgj =_]fl lg Z][ge] Y hYjlq lg l`ak =_j]]e]fl Yk =_]fl) Y_j]] oal` l`] hjghgk]\ km[[]kkgj =_]fl Ye]f\e]flk lg l`ak [dYmk] 06 Yf\ Yfq gl`]j l]je g^ l`ak =_j]]e]fl \]Ydaf_ oal` l`] ja_`lk gj gZda_Ylagfk g^ l`] =_]fl [gfkakl]fl oal` l`]f [mjj]fl eYjc]l hjY[la[] ^gj l`] Yhhgafle]fl Yf\ hjgl][lagf g^ [gjhgjYl] ljmkl]]k lg_]l`]j oal` Yfq j]YkgfYZd] Ye]f\e]flk lg l`] Y_]f[q ^]] hYqYZd] mf\]j l`ak =_j]]e]fl o`a[` Yj] [gfkakl]fl oal` l`] km[[]kkgj =_]fl'k fgjeYd ^]] jYl]k Yf\ l`gk] Ye]f\e]flk oadd Zaf\ l`] LYjla]k, (]) P`] j]lajaf_ =_]fl k`Ydd* Yl alk gof [gkl* eYc] YnYadYZd] lg l`] km[[]kkgj =_]fl km[` \g[me]flk Yf\ j][gj\k Yf\ hjgna\] km[` YkkaklYf[] Yk l`] km[[]kkgj =_]fl eYq j]YkgfYZdq j]im]kl ^gj l`] hmjhgk]k g^ h]j^gjeaf_ alk ^mf[lagfk Yk =_]fl mf\]j l`] BafYf[] @g[me]flk, (^) P`] =_]fl'k j]ka_fYlagf fgla[] k`Ydd gfdq lYc] ]^^][l mhgf l`] Yhhgafle]fl g^ Y km[[]kkgj, (_) Qhgf l`] Yhhgafle]fl g^ Y km[[]kkgj* l`] j]lajaf_ =_]fl k`Ydd Z] \ak[`Yj_]\ ^jge Yfq ^mjl`]j gZda_Ylagf af j]kh][l g^ l`] BafYf[] @g[me]flk (gl`]j l`Yf alk gZda_Ylagfk mf\]j [dYmk] 06,/0(])) Zml k`Ydd j]eYaf ]flald]\ lg l`] Z]f]^al g^ [dYmk] /5,1 (Indemnity to the Agent) Yf\ l`ak [dYmk] 06 (Yf\ Yfq Y_]f[q ^]]k ^gj l`] Y[[gmfl g^ l`] j]lajaf_ =_]fl k`Ydd []Yk] lg Y[[jm] ^jge (Yf\ k`Ydd Z] hYqYZd] gf) l`Yl \Yl]), =fq km[[]kkgj Yf\ ]Y[` g^ l`] gl`]j LYjla]k k`Ydd `Yn] l`] kYe] ja_`lk Yf\ gZda_Ylagfk Yegf_kl l`]ek]dn]k Yk l`]q ogmd\ `Yn] `Y\ a^ km[` km[[]kkgj `Y\ Z]]f Yf gja_afYd LYjlq, (`) =^l]j [gfkmdlYlagf oal` l`] ?gehYfq* l`] IYbgjalq H]f\]jk eYq* Zq fgla[] lg l`] =_]fl* j]imaj] al lg j]ka_f af Y[[gj\Yf[] oal` [dYmk] 06,/0(Z), Ef l`ak ]n]fl* l`] =_]fl k`Ydd j]ka_f af Y[[gj\Yf[] oal` [dYmk] 06,/0(Z), (a) P`] =_]fl k`Ydd j]ka_f af Y[[gj\Yf[] oal` [dYmk] 06,/0(Z) (Yf\* lg l`] ]pl]fl Yhhda[YZd]* k`Ydd mk] j]YkgfYZd] ]f\]Yngmjk lg Yhhgafl Y km[[]kkgj =_]fl hmjkmYfl lg [dYmk] 06,/0([)) a^ gf gj Y^l]j l`] \Yl] o`a[` ak l`j]] egfl`k Z]^gj] l`] ]Yjda]kl B=P?= =hhda[Ylagf @Yl] j]dYlaf_ lg Yfq hYqe]fl lg l`] =_]fl mf\]j l`] BafYf[] @g[me]flk* ]al`]j8 1;5=487:"2:>69;<6"31-"++,/002%#%%**#(%..#+02'#)0+$)(&//%0. 

 

#/046.26.4n6:=?PERA< + BY[adala]k Y_j]]e]fl + Hmp^]j+ ATA?QPEKJ /05 (a) l`] =_]fl ^Yadk lg j]khgf\ lg Y j]im]kl mf\]j [dYmk] /3,6 (FATCA  information) Yf\ l`] ?gehYfq gj Y H]f\]j j]YkgfYZdq Z]da]n]k l`Yl l`] =_]fl oadd fgl Z] (gj oadd `Yn] []Yk]\ lg Z]) Y B=P?= Ap]ehl LYjlq gf gj Y^l]j l`Yl B=P?= =hhda[Ylagf @Yl]9 (aa) l`] af^gjeYlagf kmhhda]\ Zq l`] =_]fl hmjkmYfl lg [dYmk] /3,6 (FATCA  information) af\a[Yl]k l`Yl l`] =_]fl oadd fgl Z] (gj oadd `Yn] []Yk]\ lg Z]) Y B=P?= Ap]ehl LYjlq gf gj Y^l]j l`Yl B=P?= =hhda[Ylagf @Yl]9 gj (aaa) l`] =_]fl fgla^a]k l`] ?gehYfq Yf\ l`] H]f\]jk l`Yl l`] =_]fl oadd fgl Z] (gj oadd `Yn] []Yk]\ lg Z]) Y B=P?= Ap]ehl LYjlq gf gj Y^l]j l`Yl B=P?= =hhda[Ylagf @Yl]* Yf\ (af ]Y[` [Yk]) l`] ?gehYfq gj Y H]f\]j j]YkgfYZdq Z]da]n]k l`Yl Y LYjlq oadd Z] j]imaj]\ lg eYc] Y B=P?= @]\m[lagf l`Yl ogmd\ fgl Z] j]imaj]\ a^ l`] =_]fl o]j] Y B=P?= Ap]ehl LYjlq* Yf\ l`] ?gehYfq gj l`Yl H]f\]j* Zq fgla[] lg l`] =_]fl* j]imaj]k al lg j]ka_f, -3),. 8_^VYTU^dYQ\Ydi (Y) Ef Y[laf_ Yk Y_]fl ^gj l`] BafYf[] LYjla]k* l`] =_]fl k`Ydd Z] j]_Yj\]\ Yk Y[laf_ l`jgm_` alk Y_]f[q \anakagf o`a[` k`Ydd Z] lj]Yl]\ Yk Y k]hYjYl] ]flalq ^jge Yfq gl`]j g^ alk \anakagfk gj \]hYjle]flk, (Z) E^ af^gjeYlagf ak j][]an]\ Zq Yfgl`]j \anakagf gj \]hYjle]fl g^ l`] =_]fl* al eYq Z] lj]Yl]\ Yk [gf^a\]flaYd lg l`Yl \anakagf gj \]hYjle]fl Yf\ l`] =_]fl k`Ydd fgl Z] \]]e]\ lg `Yn] fgla[] g^ al, -3),/ GU\QdY_^cXY` gYdX dXU AU^TUbc (Y) OmZb][l lg [dYmk] 04,/. (Pro rata interest settlement)* l`] =_]fl eYq lj]Yl l`] h]jkgf k`gof af alk j][gj\k Yk H]f\]j Yl l`] gh]faf_ g^ Zmkaf]kk (af l`] hdY[] g^ l`] =_]fl'k hjaf[ahYd g^^a[] Yk fgla^a]\ lg l`] BafYf[] LYjla]k ^jge lae] lg lae]) Yk l`] H]f\]j Y[laf_ l`jgm_` alk BY[adalq K^^a[]8 (a) ]flald]\ lg gj daYZd] ^gj Yfq hYqe]fl \m] mf\]j Yfq BafYf[] @g[me]fl gf l`Yl \Yq9 Yf\ (aa) ]flald]\ lg j][]an] Yf\ Y[l mhgf Yfq fgla[]* j]im]kl* \g[me]fl gj [geemfa[Ylagf gj eYc] Yfq \][akagf gj \]l]jeafYlagf mf\]j Yfq BafYf[] @g[me]fl eY\] gj \]dan]j]\ gf l`Yl \Yq* mfd]kk al `Yk j][]an]\ fgl d]kk l`Yf ^an] >mkaf]kk @Yqk' hjagj fgla[] ^jge l`Yl H]f\]j lg l`] [gfljYjq af Y[[gj\Yf[] oal` l`] l]jek g^ l`ak =_j]]e]fl, (Z) =fq H]f\]j eYq Zq fgla[] lg l`] =_]fl Yhhgafl Y h]jkgf lg j][]an] gf alk Z]`Yd^ Ydd fgla[]k* [geemfa[Ylagfk* af^gjeYlagf Yf\ \g[me]flk lg Z] eY\] gj \]khYl[`]\ lg l`Yl H]f\]j mf\]j l`] BafYf[] @g[me]flk, Om[` fgla[] k`Ydd [gflYaf l`] Y\\j]kk Yf\ (o`]j] [geemfa[Ylagf Zq ]d][ljgfa[ eYad gj gl`]j ]d][ljgfa[ e]Yfk ak h]jeall]\ mf\]j [dYmk] 11,4 (Electronic communication)) ]d][ljgfa[ eYad Y\\j]kk Yf\-gj Yfq gl`]j af^gjeYlagf j]imaj]\ lg ]fYZd] l`] ljYfkeakkagf g^ af^gjeYlagf Zq l`Yl e]Yfk (Yf\* af ]Y[` [Yk]* l`] \]hYjle]fl gj g^^a[]j* a^ Yfq* ^gj o`gk] Yll]flagf [geemfa[Ylagf ak lg Z] eY\]) Yf\ Z] lj]Yl]\ Yk Y fgla^a[Ylagf g^ Y kmZklalml] Y\\j]kk* ]d][ljgfa[ eYad Y\\j]kk (gj km[` gl`]j af^gjeYlagf)* \]hYjle]fl Yf\ g^^a[]j Zq l`Yl 1;5=487:"2:>69;<6"31-"++,/002%#%%**#(%..#+02'#)0+$)(&//%0. 

 

#/046.26.4n6:=?PERA< + BY[adala]k Y_j]]e]fl + Hmp^]j+ ATA?QPEKJ /06 H]f\]j ^gj l`] hmjhgk]k g^ [dYmk] 11,0 (Addresses) Yf\ [dYmk] 11,4(Y)(aa) (Electronic  communication) Yf\ l`] =_]fl k`Ydd Z] ]flald]\ lg lj]Yl km[` h]jkgf Yk l`] h]jkgf ]flald]\ lg j][]an] Ydd km[` fgla[]k* [geemfa[Ylagfk* af^gjeYlagf Yf\ \g[me]flk Yk l`gm_` l`Yl h]jkgf o]j] l`Yl H]f\]j, -3),0 8bUTYd Q``bQYcQ\ Ri dXU AU^TUbc Sal`gml Y^^][laf_ l`] j]khgfkaZadalq g^ Yfq KZda_gj ^gj af^gjeYlagf kmhhda]\ Zq al gj gf alk Z]`Yd^ af [gff][lagf oal` Yfq BafYf[] @g[me]fl* ]Y[` H]f\]j [gf^ajek lg l`] =_]fl Yf\ l`] =jjYf_]j l`Yl al `Yk Z]]f* Yf\ oadd [gflafm] lg Z]* kgd]dq j]khgfkaZd] ^gj eYcaf_ alk gof af\]h]f\]fl YhhjYakYd Yf\ afn]kla_Ylagf g^ Ydd jakck Yjakaf_ mf\]j gj af [gff][lagf oal` Yfq BafYf[] @g[me]fl af[dm\af_ Zml fgl daeal]\ lg8 (Y) l`] ^afYf[aYd [gf\alagf* klYlmk Yf\ fYlmj] g^ ]Y[` e]eZ]j g^ l`] Cjgmh9 (Z) l`] d]_Ydalq* nYda\alq* ]^^][lan]f]kk* Y\]imY[q gj ]f^gj[]YZadalq g^ Yfq BafYf[] @g[me]fl Yf\ Yfq gl`]j Y_j]]e]fl* YjjYf_]e]fl gj \g[me]fl ]fl]j]\ aflg* eY\] gj ]p][ml]\ af Yfla[ahYlagf g^* mf\]j gj af [gff][lagf oal` Yfq BafYf[] @g[me]fl9 ([) o`]l`]j l`Yl H]f\]j `Yk j][gmjk]* Yf\ l`] fYlmj] Yf\ ]pl]fl g^ l`Yl j][gmjk]* Y_Yafkl Yfq LYjlq gj Yfq g^ alk j]kh][lan] Ykk]lk mf\]j gj af [gff][lagf oal` Yfq BafYf[] @g[me]fl* l`] ljYfkY[lagfk [gfl]ehdYl]\ Zq l`] BafYf[] @g[me]flk gj Yfq gl`]j Y_j]]e]fl* YjjYf_]e]fl gj \g[me]fl ]fl]j]\ aflg* eY\] gj ]p][ml]\ af Yfla[ahYlagf g^* mf\]j gj af [gff][lagf oal` Yfq BafYf[] @g[me]fl9 Yf\ (\) l`] Y\]imY[q* Y[[mjY[q gj [gehd]l]f]kk g^ l`] Ef^gjeYlagf I]egjYf\me Yf\ Yfq gl`]j af^gjeYlagf hjgna\]\ Zq l`] =_]fl* Yfq LYjlq gj Zq Yfq gl`]j h]jkgf mf\]j gj af [gff][lagf oal` Yfq BafYf[] @g[me]fl* l`] ljYfkY[lagfk [gfl]ehdYl]\ Zq Yfq BafYf[] @g[me]fl gj Yfq gl`]j Y_j]]e]fl* YjjYf_]e]fl gj \g[me]fl ]fl]j]\ aflg* eY\] gj ]p][ml]\ af Yfla[ahYlagf g^* mf\]j gj af [gff][lagf oal` Yfq BafYf[] @g[me]fl, -3),1 6WU^d$c BQ^QWU]U^d dY]U =fq Yegmfl hYqYZd] lg l`] =_]fl mf\]j [dYmk] /5,1 (Indemnity to the Agent)* [dYmk] /7 (Costs and expenses) Yf\ [dYmk] 06,// (Lenders' indemnity to the Agent) k`Ydd af[dm\] l`] [gkl g^ mladakaf_ l`] =_]fl'k eYfY_]e]fl lae] gj gl`]j j]kgmj[]k Yf\ oadd Z] [Yd[mdYl]\ gf l`] ZYkak g^ km[` j]YkgfYZd] \Yadq gj `gmjdq jYl]k Yk l`] =_]fl eYq fgla^q lg l`] ?gehYfq Yf\ l`] H]f\]jk* Yf\ ak af Y\\alagf lg Yfq ^]] hYa\ gj hYqYZd] lg l`] =_]fl mf\]j [dYmk] /2 (Fees), -3),2 9UTeSdY_^ Vb_] Q]_e^dc `QiQR\U Ri dXU 6WU^d E^ Yfq LYjlq go]k Yf Yegmfl lg l`] =_]fl mf\]j l`] BafYf[] @g[me]flk l`] =_]fl eYq* Y^l]j _anaf_ fgla[] lg l`Yl LYjlq* \]\m[l Yf Yegmfl fgl ]p[]]\af_ l`Yl Yegmfl ^jge Yfq hYqe]fl lg l`Yl LYjlq o`a[` l`] =_]fl ogmd\ gl`]joak] Z] gZda_]\ lg eYc] mf\]j l`] BafYf[] @g[me]flk Yf\ Yhhdq l`] Yegmfl \]\m[l]\ af gj lgoYj\k kYlak^Y[lagf g^ l`] Yegmfl go]\, Bgj l`] hmjhgk]k g^ l`] BafYf[] @g[me]flk l`Yl LYjlq k`Ydd Z] j]_Yj\]\ Yk `Ynaf_ j][]an]\ Yfq Yegmfl kg \]\m[l]\, -3),3 6]_e^dc `QYT Y^ Ubb_b (Y) E^ l`] =_]fl hYqk Yf Yegmfl lg Yfgl`]j LYjlq Yf\ l`] =_]fl fgla^a]k l`Yl LYjlq fg dYl]j l`Yf /3 >mkaf]kk @Yqk ^jge l`] \Yl] gf o`a[` l`] hYqe]fl oYk eY\] l`Yl km[` hYqe]fl oYk Yf Ajjgf]gmk LYqe]fl l`]f l`] LYjlq lg o`ge l`Yl Yegmfl oYk hYa\ Zq 1;5=487:"2:>69;<6"31-"++,/002%#%%**#(%..#+02'#)0+$)(&//%0. 

 

#/046.26.4n6:=?PERA< + BY[adala]k Y_j]]e]fl + Hmp^]j+ ATA?QPEKJ /07 l`] =_]fl k`Ydd gf fgl d]kk l`Yf ^an] >mkaf]kk @Yqk' fgla[] j]^mf\ l`] kYe] lg l`] =_]fl, (Z) J]al`]j8 (a) l`] gZda_Ylagfk g^ Yfq LYjlq lg l`] =_]fl9 fgj (aa) l`] j]e]\a]k g^ l`] =_]fl* (o`]l`]j Yjakaf_ mf\]j l`ak [dYmk] 06,/6 gj gl`]joak]) o`a[` j]dYl] lg Yf Ajjgf]gmk LYqe]fl oadd Z] Y^^][l]\ Zq Yfq Y[l geakkagf* eYll]j gj l`af_ o`a[`* Zml ^gj l`ak [dYmk] 06,/6(Z)* ogmd\ j]\m[]* j]d]Yk] gj hj]bm\a[] Yfq km[` gZda_Ylagf gj j]e]\q (o`]l`]j gj fgl cfgof Zq l`] =_]fl gj Yfq gl`]j LYjlq), ([) =dd hYqe]flk lg Z] eY\] Zq Y LYjlq lg l`] =_]fl (o`]l`]j eY\] hmjkmYfl lg l`ak [dYmk] 06,/6 gj gl`]joak] o`a[` j]dYl] lg Yf Ajjgf]gmk LYqe]fl k`Ydd Z] [Yd[mdYl]\ Yf\ eY\] oal`gml (Yf\ ^j]] Yf\ [d]Yj g^ Yfq \]\m[lagf ^gj) k]l+g^^ gj [gmfl]j[dYae, (\) Ef l`ak =_j]]e]fl* ":bb_^U_ec EQi]U^d" e]Yfk Y hYqe]fl g^ Yf Yegmfl Zq l`] =_]fl lg Yfgl`]j LYjlq o`a[` oYk eY\] af ]jjgj, -4) 8DC9J8I D; 7JH>C:HH 7N I=: ;>C6C8: E6GI>:H Jg hjgnakagf g^ l`ak =_j]]e]fl oadd8 (Y) afl]j^]j] oal` l`] ja_`l g^ Yfq BafYf[] LYjlq lg YjjYf_] alk Y^^Yajk (lYp gj gl`]joak]) af o`Yl]n]j eYff]j al l`afck ^al9 (Z) gZda_] Yfq BafYf[] LYjlq lg afn]kla_Yl] gj [dYae Yfq [j]\al* j]da]^* j]eakkagf gj j]hYqe]fl YnYadYZd] lg al gj l`] ]pl]fl* gj\]j Yf\ eYff]j g^ Yfq [dYae9 gj ([) gZda_] Yfq BafYf[] LYjlq lg \ak[dgk] Yfq af^gjeYlagf j]dYlaf_ lg alk Y^^Yajk (lYp gj gl`]joak]) gj Yfq [gehmlYlagfk af j]kh][l g^ PYp, .+) H=6G>C< 6BDC< I=: ;>C6C8: E6GI>:H .+), EQi]U^dc d_ ;Y^Q^SU EQbdYUc E^ Y BafYf[] LYjlq (Y "GUS_fUbY^W ;Y^Q^SU EQbdi") j][]an]k gj j][gn]jk Yfq Yegmfl ^jge Yf KZda_gj gl`]j l`Yf af Y[[gj\Yf[] oal` [dYmk] 1/ (Payment mechanics) (Y "GUS_fUbUT 6]_e^d") Yf\ Yhhda]k l`Yl Yegmfl lg Y hYqe]fl \m] mf\]j l`] BafYf[] @g[me]flk l`]f8 (Y) l`] N][gn]jaf_ BafYf[] LYjlq k`Ydd* oal`af l`j]] >mkaf]kk @Yqk* fgla^q \]lYadk g^ l`] j][]ahl gj j][gn]jq lg l`] =_]fl9 (Z) l`] =_]fl k`Ydd \]l]jeaf] o`]l`]j l`] j][]ahl gj j][gn]jq ak af ]p[]kk g^ l`] Yegmfl l`] N][gn]jaf_ BafYf[] LYjlq ogmd\ `Yn] Z]]f hYa\ `Y\ l`] j][]ahl gj j][gn]jq Z]]f j][]an]\ gj eY\] Zq l`] =_]fl Yf\ \akljaZml]\ af Y[[gj\Yf[] oal` [dYmk] 1/ (Payment  mechanics)* oal`gml lYcaf_ Y[[gmfl g^ Yfq PYp o`a[` ogmd\ Z] aehgk]\ gf l`] =_]fl af j]dYlagf lg l`] j][]ahl* j][gn]jq gj \akljaZmlagf9 Yf\ ([) l`] N][gn]jaf_ BafYf[] LYjlq k`Ydd* oal`af l`j]] >mkaf]kk @Yqk g^ \]eYf\ Zq l`] =_]fl* hYq lg l`] =_]fl Yf Yegmfl (l`] "HXQbY^W EQi]U^d") ]imYd lg km[` j][]ahl gj j][gn]jq d]kk Yfq Yegmfl o`a[` l`] =_]fl \]l]jeaf]k eYq Z] j]lYaf]\ Zq l`] 1;5=487:"2:>69;<6"31-"++,/002%#%%**#(%..#+02'#)0+$)(&//%0. 

 

#/046.26.4n6:=?PERA< + BY[adala]k Y_j]]e]fl + Hmp^]j+ ATA?QPEKJ /1. N][gn]jaf_ BafYf[] LYjlq Yk alk k`Yj] g^ Yfq hYqe]fl lg Z] eY\]* af Y[[gj\Yf[] oal` [dYmk] 1/,4 (Partial payments), .+)- GUTYcdbYRedY_^ _V `Qi]U^dc P`] =_]fl k`Ydd lj]Yl l`] O`Yjaf_ LYqe]fl Yk a^ al `Y\ Z]]f hYa\ Zq l`] j]d]nYfl KZda_gj Yf\ \akljaZml] al Z]lo]]f l`] BafYf[] LYjla]k (gl`]j l`Yf l`] N][gn]jaf_ BafYf[] LYjlq) (l`] "HXQbY^W ;Y^Q^SU EQbdYUc") af Y[[gj\Yf[] oal` [dYmk] 1/,4 (Partial payments) lgoYj\k l`] gZda_Ylagfk g^ l`Yl KZda_gj lg l`] O`Yjaf_ BafYf[] LYjla]k, .+). GUS_fUbY^W ;Y^Q^SU EQbdi$c bYWXdc Kf Y \akljaZmlagf Zq l`] =_]fl mf\]j [dYmk] 1.,0 (Redistribution of payments) g^ Y hYqe]fl j][]an]\ Zq Y N][gn]jaf_ BafYf[] LYjlq ^jge Yf KZda_gj* Yk Z]lo]]f l`] j]d]nYfl KZda_gj Yf\ l`] N][gn]jaf_ BafYf[] LYjlq* Yf Yegmfl g^ l`] N][gn]j]\ =egmfl ]imYd lg l`] O`Yjaf_ LYqe]fl oadd Z] lj]Yl]\ Yk fgl `Ynaf_ Z]]f hYa\ Zq l`Yl KZda_gj, .+)/ GUfUbcQ\ _V bUTYcdbYRedY_^ E^ Yfq hYjl g^ l`] O`Yjaf_ LYqe]fl j][]an]\ gj j][gn]j]\ Zq Y N][gn]jaf_ BafYf[] LYjlq Z][ge]k j]hYqYZd] Yf\ ak j]hYa\ Zq l`Yl N][gn]jaf_ BafYf[] LYjlq* l`]f8 (Y) ]Y[` O`Yjaf_ BafYf[] LYjlq k`Ydd* mhgf j]im]kl g^ l`] =_]fl* hYq lg l`] =_]fl ^gj l`] Y[[gmfl g^ l`Yl N][gn]jaf_ BafYf[] LYjlq Yf Yegmfl ]imYd lg l`] YhhjghjaYl] hYjl g^ alk k`Yj] g^ l`] O`Yjaf_ LYqe]fl (lg_]l`]j oal` Yf Yegmfl Yk ak f][]kkYjq lg j]aeZmjk] l`Yl N][gn]jaf_ BafYf[] LYjlq ^gj alk hjghgjlagf g^ Yfq afl]j]kl gf l`] O`Yjaf_ LYqe]fl o`a[` l`Yl N][gn]jaf_ BafYf[] LYjlq ak j]imaj]\ lg hYq) (l`] "GUTYcdbYRedUT 6]_e^d")9 Yf\ (Z) Yk Z]lo]]f l`] j]d]nYfl KZda_gj Yf\ ]Y[` j]d]nYfl O`Yjaf_ BafYf[] LYjlq* Yf Yegmfl ]imYd lg l`] j]d]nYfl N]\akljaZml]\ =egmfl oadd Z] lj]Yl]\ Yk fgl `Ynaf_ Z]]f hYa\ Zq l`Yl KZda_gj, .+)0 :hSU`dY_^c (Y) P`ak [dYmk] 1. k`Ydd fgl Yhhdq lg l`] ]pl]fl l`Yl l`] N][gn]jaf_ BafYf[] LYjlq ogmd\ fgl* Y^l]j eYcaf_ Yfq hYqe]fl hmjkmYfl lg l`ak [dYmk]* `Yn] Y nYda\ Yf\ ]f^gj[]YZd] [dYae Y_Yafkl l`] j]d]nYfl KZda_gj, (Z) = N][gn]jaf_ BafYf[] LYjlq ak fgl gZda_]\ lg k`Yj] oal` Yfq gl`]j BafYf[] LYjlq Yfq Yegmfl o`a[` l`] N][gn]jaf_ BafYf[] LYjlq `Yk j][]an]\ gj j][gn]j]\ Yk Y j]kmdl g^ lYcaf_ d]_Yd gj YjZaljYlagf hjg[]]\af_k* a^8 (a) al fgla^a]\ l`Yl gl`]j BafYf[] LYjlq g^ l`] d]_Yd gj YjZaljYlagf hjg[]]\af_k9 Yf\ (aa) l`Yl gl`]j BafYf[] LYjlq `Y\ Yf ghhgjlmfalq lg hYjla[ahYl] af l`gk] d]_Yd gj YjZaljYlagf hjg[]]\af_k Zml \a\ fgl \g kg Yk kggf Yk j]YkgfYZdq hjY[la[YZd] `Ynaf_ j][]an]\ fgla[] Yf\ \a\ fgl lYc] k]hYjYl] d]_Yd gj YjZaljYlagf hjg[]]\af_k, 1;5=487:"2:>69;<6"31-"++,/002%#%%**#(%..#+02'#)0+$)(&//%0. 

 

#/046.26.4n6:=?PERA< + BY[adala]k Y_j]]e]fl + Hmp^]j+ ATA?QPEKJ /1/ H:8I>DC ,, 69B>C>HIG6I>DC .,) E6NB:CI B:8=6C>8H .,), EQi]U^dc d_ dXU 6WU^d (Y) Kf ]Y[` \Yl] gf o`a[` Yf KZda_gj gj Y H]f\]j ak j]imaj]\ lg eYc] Y hYqe]fl mf\]j Y BafYf[] @g[me]fl* l`Yl KZda_gj gj H]f\]j k`Ydd eYc] l`] kYe] YnYadYZd] lg l`] =_]fl (mfd]kk Y [gfljYjq af\a[Ylagf Yhh]Yjk af Y BafYf[] @g[me]fl) ^gj nYdm] gf l`] \m] \Yl] Yl l`] lae] Yf\ af km[` ^mf\k kh][a^a]\ Zq l`] =_]fl Yk Z]af_ [mklgeYjq Yl l`] lae] ^gj k]lld]e]fl g^ ljYfkY[lagfk af l`] j]d]nYfl [mjj]f[q af l`] hdY[] g^ hYqe]fl, (Z) LYqe]fl k`Ydd Z] eY\] lg km[` Y[[gmfl af l`] hjaf[ahYd ^afYf[aYd []flj] g^ l`] [gmfljq g^ l`Yl [mjj]f[q (gj* af j]dYlagf lg ]mjg* af Y hjaf[ahYd ^afYf[aYd []flj] af km[` LYjla[ahYlaf_ I]eZ]j OlYl] gj Hgf\gf* Yk kh][a^a]\ Zq l`] =_]fl) Yf\ oal` km[` ZYfc Yk l`] =_]fl* af ]Y[` [Yk]* kh][a^a]k, .,)- 9YcdbYRedY_^c Ri dXU 6WU^d AY[` hYqe]fl j][]an]\ Zq l`] =_]fl mf\]j l`] BafYf[] @g[me]flk ^gj Yfgl`]j LYjlq k`Ydd* kmZb][l lg [dYmk] 1/,1 (Distributions to an Obligor) Yf\ [dYmk] 1/,2 (Clawback and pre- funding) Z] eY\] YnYadYZd] Zq l`] =_]fl Yk kggf Yk hjY[la[YZd] Y^l]j j][]ahl lg l`] LYjlq ]flald]\ lg j][]an] hYqe]fl af Y[[gj\Yf[] oal` l`ak =_j]]e]fl (af l`] [Yk] g^ Y H]f\]j* ^gj l`] Y[[gmfl g^ alk BY[adalq K^^a[])* lg km[` Y[[gmfl Yk l`Yl LYjlq eYq fgla^q lg l`] =_]fl Zq fgl d]kk l`Yf ^an] >mkaf]kk @Yqk' fgla[] oal` Y ZYfc kh][a^a]\ Zq l`Yl LYjlq af l`] hjaf[ahYd ^afYf[aYd []flj] g^ l`] [gmfljq g^ l`Yl [mjj]f[q (gj* af j]dYlagf lg ]mjg* af l`] hjaf[ahYd ^afYf[aYd []flj] g^ Y LYjla[ahYlaf_ I]eZ]j OlYl] gj Hgf\gf* Yk kh][a^a]\ Zq l`Yl LYjlq), .,). 9YcdbYRedY_^c d_ Q^ DR\YW_b P`] =_]fl eYq (oal` l`] [gfk]fl g^ l`] KZda_gj gj af Y[[gj\Yf[] oal` [dYmk] 10 (Set-off)) Yhhdq Yfq Yegmfl j][]an]\ Zq al ^gj l`Yl KZda_gj af gj lgoYj\k hYqe]fl (gf l`] \Yl] Yf\ af l`] [mjj]f[q Yf\ ^mf\k g^ j][]ahl) g^ Yfq Yegmfl \m] ^jge l`Yl KZda_gj mf\]j l`] BafYf[] @g[me]flk gj af gj lgoYj\k hmj[`Yk] g^ Yfq Yegmfl g^ Yfq [mjj]f[q lg Z] kg Yhhda]\, .,)/ 8\QgRQS[ Q^T `bU(Ve^TY^W (Y) S`]j] Y kme ak lg Z] hYa\ lg l`] =_]fl mf\]j l`] BafYf[] @g[me]flk ^gj Yfgl`]j LYjlq* l`] =_]fl ak fgl gZda_]\ lg hYq l`Yl kme lg l`Yl gl`]j LYjlq (gj lg ]fl]j aflg gj h]j^gje Yfq j]dYl]\ ]p[`Yf_] [gfljY[l) mflad al `Yk Z]]f YZd] lg ]klYZdak` lg alk kYlak^Y[lagf l`Yl al `Yk Y[lmYddq j][]an]\ l`Yl kme, (Z) Qfd]kk [dYmk] 1/,2([) Yhhda]k* a^ l`] =_]fl hYqk Yf Yegmfl lg Yfgl`]j LYjlq Yf\ al hjgn]k lg Z] l`] [Yk] l`Yl l`] =_]fl `Y\ fgl Y[lmYddq j][]an]\ l`Yl Yegmfl* l`]f l`] LYjlq lg o`ge l`Yl Yegmfl (gj l`] hjg[]]\k g^ Yfq j]dYl]\ ]p[`Yf_] [gfljY[l) oYk hYa\ Zq l`] =_]fl k`Ydd gf \]eYf\ j]^mf\ l`] kYe] lg l`] =_]fl lg_]l`]j oal` afl]j]kl gf l`Yl Yegmfl ^jge l`] \Yl] g^ hYqe]fl lg l`] \Yl] g^ j][]ahl Zq l`] =_]fl* [Yd[mdYl]\ Zq l`] =_]fl lg j]^d][l alk [gkl g^ ^mf\k, ([) E^ l`] =_]fl `Yk fgla^a]\ l`] H]f\]jk l`Yl al ak oaddaf_ lg eYc] YnYadYZd] Yegmflk ^gj l`] Y[[gmfl g^ Y >gjjgo]j Z]^gj] j][]anaf_ ^mf\k ^jge l`] H]f\]jk l`]f a^ Yf\ lg l`] 1;5=487:"2:>69;<6"31-"++,/002%#%%**#(%..#+02'#)0+$)(&//%0. 

 

#/046.26.4n6:=?PERA< + BY[adala]k Y_j]]e]fl + Hmp^]j+ ATA?QPEKJ /10 ]pl]fl l`Yl l`] =_]fl \g]k kg Zml al hjgn]k lg Z] l`] [Yk] l`Yl al \g]k fgl l`]f j][]an] ^mf\k ^jge Y H]f\]j af j]kh][l g^ Y kme o`a[` al hYa\ lg Y >gjjgo]j8 (a) l`] =_]fl k`Ydd fgla^q l`] ?gehYfq g^ l`Yl H]f\]j'k a\]flalq Yf\ l`] >gjjgo]j lg o`ge l`Yl kme oYk eY\] YnYadYZd] k`Ydd gf \]eYf\ j]^mf\ al lg l`] =_]fl9 Yf\ (aa) l`] H]f\]j Zq o`ge l`gk] ^mf\k k`gmd\ `Yn] Z]]f eY\] YnYadYZd] gj* a^ l`Yl H]f\]j ^Yadk lg \g kg* l`] >gjjgo]j lg o`ge l`Yl kme oYk eY\] YnYadYZd]* k`Ydd gf \]eYf\ hYq lg l`] =_]fl l`] Yegmfl (Yk []jla^a]\ Zq l`] =_]fl) o`a[` oadd af\]efa^q l`] =_]fl Y_Yafkl Yfq ^mf\af_ [gkl af[mjj]\ Zq al Yk Y j]kmdl g^ hYqaf_ gml l`Yl kme Z]^gj] j][]anaf_ l`gk] ^mf\k ^jge l`Yl H]f\]j, .,)0 >]`QYbUT 6WU^d E^* Yl Yfq lae]* l`] =_]fl Z][ge]k Yf EehYaj]\ =_]fl* Yf KZda_gj gj Y H]f\]j o`a[` ak j]imaj]\ lg eYc] Y hYqe]fl mf\]j l`] BafYf[] @g[me]flk lg l`] =_]fl af Y[[gj\Yf[] oal` [dYmk] 1/,/ (Payments to the Agent) eYq afkl]Y\ hYq l`Yl Yegmfl \aj][l lg l`] j]imaj]\ j][aha]fl gj a^ l`] j]d]nYfl KZda_gj Yf\ l`] IYbgjalq H]f\]jk Y_j]] Yl l`Yl lae] hYq l`Yl Yegmfl lg Yf afl]j]kl+Z]Yjaf_ Y[[gmfl (o`a[` Y[[gmfl k`Ydd Z]Yj afl]j]kl Yl Y eYjc]l jYl] lYcaf_ aflg Y[[gmfl l`] [mjj]f[q Yf\ l]je g^ l`] \]hgkal) `]d\ oal` Yf =[[]hlYZd] >Yfc Yf\ af j]dYlagf lg o`a[` fg Efkgdn]f[q An]fl `Yk g[[mjj]\ Yf\ ak [gflafmaf_* af l`] fYe] g^ l`] KZda_gj gj l`] H]f\]j eYcaf_ l`] LYqe]fl Yf\ \]ka_fYl]\ Yk Y ljmkl Y[[gmfl ^gj l`] Z]f]^al g^ l`] LYjlq gj LYjla]k Z]f]^a[aYddq ]flald]\ lg l`Yl hYqe]fl mf\]j l`] BafYf[] @g[me]flk, Ef ]Y[` [Yk] km[` hYqe]flk emkl Z] eY\] gf l`] \m] \Yl] ^gj hYqe]fl mf\]j l`] BafYf[] @g[me]flk, P`] ljmkl Y[[gmfl emkl Z] `]d\ af Hgf\gf gj af Y hjaf[ahYd ^afYf[aYd []flj] g^ Yfgl`]j bmjak\a[lagf o`gk] dYo j][g_fak]k l`] [gf[]hl g^ Y ljmkl YjjYf_]e]fl Yf\ af o`a[` l`] IYbgjalq H]f\]jk [gfka\]j l`Yl l`] ja_`lk g^ l`] LYjla]k af j]kh][l g^ l`Yl Y[[gmfl (Yf\ l`] ja_`lk lg j][]an] egfa]k \m] lg l`]e klYf\af_ lg alk [j]\al) oadd fgl Z] hj]bm\a[]\ (af[dm\af_ af l`] ]n]fl g^ Yf afkgdn]f[q gj gl`]j kaeadYj hjg[]]\af_k Y^^][laf_ l`] =[[]hlYZd] >Yfc gj l`] j]d]nYfl j][aha]fl hYjlq), Ef ]Y[` [Yk] km[` hYqe]flk emkl Z] eY\] gf l`] \m] \Yl] ^gj hYqe]fl mf\]j l`] BafYf[] @g[me]flk, .,)1 EQbdYQ\ `Qi]U^dc (Y) E^ l`] =_]fl j][]an]k Y hYqe]fl l`Yl ak afkm^^a[a]fl lg \ak[`Yj_] Ydd l`] Yegmflk l`]f \m] Yf\ hYqYZd] Zq Yf KZda_gj mf\]j l`] BafYf[] @g[me]flk* l`] =_]fl k`Ydd Yhhdq l`Yl hYqe]fl lgoYj\k l`] gZda_Ylagfk g^ l`Yl KZda_gj mf\]j l`] BafYf[] @g[me]flk af l`] ^gddgoaf_ gj\]j8 (a) first* af gj lgoYj\k hYqe]fl hjg jYlY g^ Yfq mfhYa\ Yegmfl goaf_ lg l`] =_]fl mf\]j l`] BafYf[] @g[me]flk9 (aa) secondly* af gj lgoYj\k hYqe]fl hjg jYlY g^ Yfq Y[[jm]\ afl]j]kl* ^]] gj [geeakkagf \m] Zml mfhYa\ mf\]j l`ak =_j]]e]fl9 (aaa) thirdly* af gj lgoYj\k hYqe]fl hjg jYlY g^ Yfq hjaf[ahYd \m] Zml mfhYa\ mf\]j l`ak =_j]]e]fl9 Yf\ (an) fourthly* af gj lgoYj\k hYqe]fl hjg jYlY g^ Yfq gl`]j kme \m] Zml mfhYa\ mf\]j l`] BafYf[] @g[me]flk, (Z) P`] =_]fl k`Ydd* a^ kg \aj][l]\ Zq l`] IYbgjalq H]f\]jk* nYjq l`] gj\]j k]l gml af [dYmk]k 1/,4(Y)(aa) lg 1/,4(Y)(an), 1;5=487:"2:>69;<6"31-"++,/002%#%%**#(%..#+02'#)0+$)(&//%0. 

 

#/046.26.4n6:=?PERA< + BY[adala]k Y_j]]e]fl + Hmp^]j+ ATA?QPEKJ /11 ([) ?dYmk]k 1/,4(Y) Yf\ 1/,4(Z) oadd gn]jja\] Yfq YhhjghjaYlagf eY\] Zq Yf KZda_gj, .,)2 C_ cUd(_VV Ri DR\YW_bc =dd hYqe]flk lg Z] eY\] Zq Yf KZda_gj mf\]j l`] BafYf[] @g[me]flk k`Ydd Z] [Yd[mdYl]\ Yf\ Z] eY\] oal`gml (Yf\ ^j]] Yf\ [d]Yj g^ Yfq \]\m[lagf ^gj) k]l+g^^ gj [gmfl]j[dYae, .,)3 7ecY^Ucc 9Qic (Y) =fq hYqe]fl mf\]j Yfq BafYf[] @g[me]fl o`a[` ak \m] lg Z] eY\] gf Y \Yq l`Yl ak fgl Y >mkaf]kk @Yq k`Ydd Z] eY\] gf l`] f]pl >mkaf]kk @Yq af l`] kYe] [Yd]f\Yj egfl` (a^ l`]j] ak gf]) gj l`] hj][]\af_ >mkaf]kk @Yq (a^ l`]j] ak fgl), (Z) @mjaf_ Yfq ]pl]fkagf g^ l`] \m] \Yl] ^gj hYqe]fl g^ Yfq hjaf[ahYd gj QfhYa\ Ome mf\]j l`ak =_j]]e]fl afl]j]kl ak hYqYZd] gf l`] hjaf[ahYd gj QfhYa\ Ome Yl l`] jYl] hYqYZd] gf l`] gja_afYd \m] \Yl], .,)4 8ebbU^Si _V QSS_e^d (Y) OmZb][l lg [dYmk]k 1/,7(Z) lg 1/,7(])* l`] >Yk] ?mjj]f[q ak l`] [mjj]f[q g^ Y[[gmfl Yf\ hYqe]fl ^gj Yfq kme \m] ^jge Yf KZda_gj mf\]j Yfq BafYf[] @g[me]fl, (Z) = j]hYqe]fl g^ Y HgYf gj QfhYa\ Ome gj Y hYjl g^ Y HgYf gj QfhYa\ Ome k`Ydd Z] eY\] af l`] [mjj]f[q af o`a[` l`Yl HgYf gj QfhYa\ Ome ak \]fgeafYl]\* hmjkmYfl lg l`ak =_j]]e]fl* gf alk \m] \Yl], ([) AY[` hYqe]fl g^ afl]j]kl k`Ydd Z] eY\] af l`] [mjj]f[q af o`a[` l`] kme af j]kh][l g^ o`a[` l`] afl]j]kl ak hYqYZd] oYk \]fgeafYl]\* hmjkmYfl lg l`ak =_j]]e]fl* o`]f l`Yl afl]j]kl Y[[jm]\, (\) AY[` hYqe]fl af j]kh][l g^ [gklk* ]ph]fk]k gj PYp]k k`Ydd Z] eY\] af l`] [mjj]f[q af o`a[` l`] [gklk* ]ph]fk]k gj PYp]k Yj] af[mjj]\, (]) =fq Yegmfl ]phj]kk]\ lg Z] hYqYZd] af Y [mjj]f[q gl`]j l`Yf l`] >Yk] ?mjj]f[q k`Ydd Z] hYa\ af l`Yl gl`]j [mjj]f[q, .,),+ 8XQ^WU _V SebbU^Si (Y) Qfd]kk gl`]joak] hjg`aZal]\ Zq dYo* a^ egj] l`Yf gf] [mjj]f[q gj [mjj]f[q mfal Yj] Yl l`] kYe] lae] j][g_fak]\ Zq l`] []fljYd ZYfc g^ Yfq [gmfljq Yk l`] dYo^md [mjj]f[q g^ l`Yl [gmfljq* l`]f8 (a) Yfq j]^]j]f[] af l`] BafYf[] @g[me]flk lg* Yf\ Yfq gZda_Ylagfk Yjakaf_ mf\]j l`] BafYf[] @g[me]flk af* l`] [mjj]f[q g^ l`Yl [gmfljq k`Ydd Z] ljYfkdYl]\ aflg* gj hYa\ af* l`] [mjj]f[q gj [mjj]f[q mfal g^ l`Yl [gmfljq \]ka_fYl]\ Zq l`] =_]fl (Y^l]j [gfkmdlYlagf oal` l`] ?gehYfq)9 Yf\ (aa) Yfq ljYfkdYlagf ^jge gf] [mjj]f[q gj [mjj]f[q mfal lg Yfgl`]j k`Ydd Z] Yl l`] g^^a[aYd jYl] g^ ]p[`Yf_] j][g_fak]\ Zq l`] []fljYd ZYfc ^gj l`] [gfn]jkagf g^ l`Yl [mjj]f[q gj [mjj]f[q mfal aflg l`] gl`]j* jgmf\]\ mh gj \gof Zq l`] =_]fl (Y[laf_ j]YkgfYZdq), (Z) E^ Y [`Yf_] af Yfq [mjj]f[q g^ Y [gmfljq g[[mjk* l`ak =_j]]e]fl oadd* lg l`] ]pl]fl l`] =_]fl (Y[laf_ j]YkgfYZdq Yf\ Y^l]j [gfkmdlYlagf oal` l`] ?gehYfq) kh][a^a]k lg Z] 1;5=487:"2:>69;<6"31-"++,/002%#%%**#(%..#+02'#)0+$)(&//%0. 

 

#/046.26.4n6:=?PERA< + BY[adala]k Y_j]]e]fl + Hmp^]j+ ATA?QPEKJ /12 f][]kkYjq* Z] Ye]f\]\ lg [gehdq oal` Yfq _]f]jYddq Y[[]hl]\ [gfn]flagfk Yf\ eYjc]l hjY[la[] af l`] N]d]nYfl IYjc]l Yf\ gl`]joak] lg j]^d][l l`] [`Yf_] af [mjj]f[q, .,),, 9Ycbe`dY_^ d_ `Qi]U^d cicdU]c UdS E^ ]al`]j l`] =_]fl \]l]jeaf]k (af alk \ak[j]lagf) l`Yl Y @akjmhlagf An]fl `Yk g[[mjj]\ gj l`] =_]fl ak fgla^a]\ Zq l`] ?gehYfq l`Yl Y @akjmhlagf An]fl `Yk g[[mjj]\8 (Y) l`] =_]fl eYq* Yf\ k`Ydd a^ j]im]kl]\ lg \g kg Zq l`] ?gehYfq* [gfkmdl oal` l`] ?gehYfq oal` Y na]o lg Y_j]]af_ oal` l`] ?gehYfq km[` [`Yf_]k lg l`] gh]jYlagf gj Y\eafakljYlagf g^ l`] BY[adalq Yk l`] =_]fl eYq \]]e f][]kkYjq af l`] [aj[meklYf[]k9 (Z) l`] =_]fl k`Ydd fgl Z] gZda_]\ lg [gfkmdl oal` l`] ?gehYfq af j]dYlagf lg Yfq [`Yf_]k e]flagf]\ af [dYmk] 1/,//(Y) a^* af alk ghafagf* al ak fgl hjY[la[YZd] lg \g kg af l`] [aj[meklYf[]k Yf\* af Yfq ]n]fl* k`Ydd `Yn] fg gZda_Ylagf lg Y_j]] lg km[` [`Yf_]k9 ([) l`] =_]fl eYq [gfkmdl oal` l`] BafYf[] LYjla]k af j]dYlagf lg Yfq [`Yf_]k e]flagf]\ af [dYmk] 1/,//(Y) Zml k`Ydd fgl Z] gZda_]\ lg \g kg a^* af alk ghafagf* al ak fgl hjY[la[YZd] lg \g kg af l`] [aj[meklYf[]k9 (\) Yfq km[` [`Yf_]k Y_j]]\ mhgf Zq l`] =_]fl Yf\ l`] ?gehYfq k`Ydd (o`]l`]j gj fgl al ak ^afYddq \]l]jeaf]\ l`Yl Y @akjmhlagf An]fl `Yk g[[mjj]\) Z] Zaf\af_ mhgf l`] LYjla]k Yk Yf Ye]f\e]fl lg (gj* Yk l`] [Yk] eYq Z]* oYan]j g^) l`] l]jek g^ l`] BafYf[] @g[me]flk fgloal`klYf\af_ l`] hjgnakagfk g^ [dYmk] 15 (Amendments and  Waivers)9 (]) l`] =_]fl k`Ydd fgl Z] daYZd] ^gj Yfq \YeY_]k* [gklk gj dgkk]k lg Yfq h]jkgf* Yfq \aeafmlagf af nYdm] gj Yfq daYZadalq o`Ylkg]n]j (af[dm\af_* oal`gml daealYlagf ^gj f]_da_]f[]* _jgkk f]_da_]f[] gj Yfq gl`]j [Yl]_gjq g^ daYZadalq o`Ylkg]n]j Zml fgl af[dm\af_ Yfq [dYae ZYk]\ gf l`] ^jYm\ g^ l`] =_]fl) Yjakaf_ Yk Y j]kmdl g^ alk lYcaf_* gj ^Yadaf_ lg lYc]* Yfq Y[lagfk hmjkmYfl lg gj af [gff][lagf oal` l`ak [dYmk] 1/,//9 Yf\ (^) l`] =_]fl k`Ydd fgla^q l`] BafYf[] LYjla]k g^ Ydd [`Yf_]k Y_j]]\ hmjkmYfl lg [dYmk] 1/,//(\), .-) H:I(D;; (Y) = BafYf[] LYjlq eYq k]l g^^ Yfq eYlmj]\ gZda_Ylagf \m] ^jge Yf KZda_gj mf\]j l`] BafYf[] @g[me]flk (lg l`] ]pl]fl Z]f]^a[aYddq gof]\ Zq l`Yl BafYf[] LYjlq) Y_Yafkl Yfq eYlmj]\ gZda_Ylagf go]\ Zq l`Yl BafYf[] LYjlq lg l`Yl KZda_gj* j]_Yj\d]kk g^ l`] hdY[] g^ hYqe]fl* Zggcaf_ ZjYf[` gj [mjj]f[q g^ ]al`]j gZda_Ylagf, E^ l`] gZda_Ylagfk Yj] af \a^^]j]fl [mjj]f[a]k* l`] BafYf[] LYjlq eYq [gfn]jl ]al`]j gZda_Ylagf Yl Y eYjc]l jYl] g^ ]p[`Yf_] af alk mkmYd [gmjk] g^ Zmkaf]kk ^gj l`] hmjhgk] g^ l`] k]l+g^^, (Z) =fq [j]\al ZYdYf[]k lYc]f aflg Y[[gmfl Zq Yf =f[addYjq H]f\]j o`]f gh]jYlaf_ Y f]l daeal af j]kh][l g^ Yfq gn]j\jY^l mf\]j Yf =f[addYjq BY[adalq k`Ydd gf ]f^gj[]e]fl g^ l`] BafYf[] @g[me]flk Z] Yhhda]\ ^ajkl af j]\m[lagf g^ l`] gn]j\jY^l hjgna\]\ mf\]j l`Yl =f[addYjq BY[adalq af Y[[gj\Yf[] oal` alk l]jek, 1;5=487:"2:>69;<6"31-"++,/002%#%%**#(%..#+02'#)0+$)(&//%0. 

 

#/046.26.4n6:=?PERA< + BY[adala]k Y_j]]e]fl + Hmp^]j+ ATA?QPEKJ /13 ..) CDI>8:H ..), 8_]]e^YSQdY_^c Y^ gbYdY^W =fq [geemfa[Ylagf lg Z] eY\] mf\]j gj af [gff][lagf oal` l`] BafYf[] @g[me]flk k`Ydd Z] eY\] af ojalaf_, ..)- 6TTbUccUc P`] Y\\j]kk (Yf\ l`] \]hYjle]fl gj g^^a[]j* a^ Yfq* ^gj o`gk] Yll]flagf l`] [geemfa[Ylagf ak lg Z] eY\]) g^ ]Y[` LYjlq ^gj Yfq [geemfa[Ylagf gj \g[me]fl lg Z] eY\] gj \]dan]j]\ mf\]j gj af [gff][lagf oal` l`] BafYf[] @g[me]flk ak8 (Y) af l`] [Yk] g^ l`] ?gehYfq* l`Yl a\]fla^a]\ oal` alk fYe] Z]dgo9 (Z) af l`] [Yk] g^ ]Y[` H]f\]j gj Yfq gl`]j KZda_gj* l`Yl fgla^a]\ af ojalaf_ lg l`] =_]fl gf gj hjagj lg l`] \Yl] gf o`a[` al Z][ge]k Y LYjlq9 Yf\ ([) af l`] [Yk] g^ l`] =_]fl* l`Yl a\]fla^a]\ oal` alk fYe] Z]dgo* gj Yfq kmZklalml] Y\\j]kk gj \]hYjle]fl gj g^^a[]j Yk l`] LYjlq eYq fgla^q lg l`] =_]fl (gj l`] =_]fl eYq fgla^q lg l`] gl`]j LYjla]k* a^ Y [`Yf_] ak eY\] Zq l`] =_]fl) Zq fgl d]kk l`Yf ^an] >mkaf]kk @Yqk' fgla[], ..). 9U\YfUbi (Y) =fq [geemfa[Ylagf gj \g[me]fl eY\] gj \]dan]j]\ Zq gf] h]jkgf lg Yfgl`]j mf\]j gj af [gff][lagf oal` l`] BafYf[] @g[me]flk oadd gfdq Z] ]^^][lan] o`]f al `Yk Z]]f d]^l Yl l`] j]d]nYfl Y\\j]kk gj ^an] >mkaf]kk @Yqk Y^l]j Z]af_ \]hgkal]\ af l`] hgkl hgklY_] hj]hYa\ af Yf ]fn]dgh] Y\\j]kk]\ lg al Yl l`Yl Y\\j]kk* Yf\* a^ Y hYjla[mdYj \]hYjle]fl gj g^^a[]j ak kh][a^a]\ Yk hYjl g^ alk Y\\j]kk \]lYadk hjgna\]\ mf\]j [dYmk] 11,0 (Addresses)* a^ Y\\j]kk]\ lg l`Yl \]hYjle]fl gj g^^a[]j, (Z) =fq [geemfa[Ylagf gj \g[me]fl lg Z] eY\] gj \]dan]j]\ lg l`] =_]fl oadd Z] ]^^][lan] gfdq o`]f Y[lmYddq j][]an]\ Zq l`] =_]fl Yf\ l`]f gfdq a^ al ak ]phj]kkdq eYjc]\ ^gj l`] Yll]flagf g^ l`] \]hYjle]fl gj g^^a[]j a\]fla^a]\ oal` l`] =_]fl'k ka_fYlmj] Z]dgo (gj Yfq kmZklalml] \]hYjle]fl gj g^^a[]j Yk l`] =_]fl k`Ydd kh][a^q ^gj l`ak hmjhgk]), ([) =dd fgla[]k ^jge gj lg Yf KZda_gj k`Ydd Z] k]fl l`jgm_` l`] =_]fl, (\) =fq [geemfa[Ylagf gj \g[me]fl eY\] gj \]dan]j]\ lg l`] ?gehYfq af Y[[gj\Yf[] oal` l`ak [dYmk] oadd Z] \]]e]\ lg `Yn] Z]]f eY\] gj \]dan]j]\ lg ]Y[` g^ l`] KZda_gjk, (]) =fq [geemfa[Ylagf gj \g[me]fl o`a[` Z][ge]k ]^^][lan]* af Y[[gj\Yf[] oal` [dYmk]k 11,1(Y) lg 11,1(\)* Y^l]j 3,..he af l`] hdY[] g^ j][]ahl k`Ydd Z] \]]e]\ gfdq lg Z][ge] ]^^][lan] gf l`] ^gddgoaf_ \Yq, ..)/ C_dYVYSQdY_^ _V QTTbUcc Ljgehldq mhgf [`Yf_af_ alk Y\\j]kk* l`] =_]fl k`Ydd fgla^q l`] gl`]j LYjla]k, 1;5=487:"2:>69;<6"31-"++,/002%#%%**#(%..#+02'#)0+$)(&//%0. 

 

#/046.26.4n6:=?PERA< + BY[adala]k Y_j]]e]fl + Hmp^]j+ ATA?QPEKJ /14 ..)0 8_]]e^YSQdY_^ gXU^ 6WU^d Yc Q^ >]`QYbUT 6WU^d Qhgf l`] =_]fl Z][geaf_ YoYj] l`Yl al ak Yf EehYaj]\ =_]fl* l`] =_]fl oadd Yk kggf Yk j]YkgfYZdq hjY[la[YZd] fgla^q* af ojalaf_* ]Y[` LYjlq lg Y BafYf[] @g[me]fl l`Yl al ak Yf EehYaj]\ =_]fl (l`] ">]`QYbUT 6WU^d C_dYSU"), P`] EehYaj]\ =_]fl Jgla[] oadd kh][a^q l`] \Yl] gf o`a[` l`] =_]fl Z][Ye] Yf EehYaj]\ =_]fl Yf\ oadd af[dm\] l`] \]lYadk j]imaj]\ lg Z] \]dan]j]\ Zq l`] =_]fl mf\]j [dYmk] 07,1 (Duties of the Agent), Bjge l`] \Yl] g^ l`] EehYaj]\ =_]fl Jgla[]* l`] LYjla]k eYq* afkl]Y\ g^ [geemfa[Ylaf_ oal` ]Y[` gl`]j l`jgm_` l`] =_]fl* [geemfa[Yl] oal` ]Y[` gl`]j \aj][ldq Yf\ (o`ad] l`] =_]fl ak Yf EehYaj]\ =_]fl) Ydd l`] hjgnakagfk g^ l`] BafYf[] @g[me]flk o`a[` j]imaj] [geemfa[Ylagfk lg Z] eY\] gj fgla[]k lg Z] _an]f lg gj Zq l`] =_]fl k`Ydd Z] nYja]\ kg l`Yl [geemfa[Ylagfk eYq Z] eY\] Yf\ fgla[]k _an]f lg gj Zq l`] j]d]nYfl LYjla]k \aj][ldq, P`ak hjgnakagf k`Ydd fgl gh]jYl] Y^l]j Y j]hdY[]e]fl =_]fl `Yk Z]]f Yhhgafl]\, Bgj l`] Ynga\Yf[] g^ \gmZl* l`] ^Yadmj] g^ l`] =_]fl lg \]dan]j l`] EehYaj]\ =_]fl Jgla[] oadd fgl hj]n]fl l`] LYjla]k ^jge [geemfa[Ylaf_ \aj][ldq oal` ]Y[` gl`]j a^ l`] =_]fl ak Yf EehYaj]\ =_]fl, ..)1 :\USdb_^YS S_]]e^YSQdY_^ (Y) =fq [geemfa[Ylagf gj \g[me]fl lg Z] eY\] gj \]dan]j]\ Zq gf] LYjlq lg Yfgl`]j mf\]j gj af [gff][lagf oal` l`] BafYf[] @g[me]flk eYq Z] eY\] gj \]dan]j]\ Zq ]d][ljgfa[ eYad gj gl`]j ]d][ljgfa[ e]Yfk (af[dm\af_* oal`gml daealYlagf* Zq oYq g^ hgklaf_ lg Y k][mj] o]Zkal]) a^ l`gk] log LYjla]k8 (a) fgla^q ]Y[` gl`]j af ojalaf_ g^ l`]aj ]d][ljgfa[ eYad Y\\j]kk Yf\-gj Yfq gl`]j af^gjeYlagf j]imaj]\ lg ]fYZd] l`] ljYfkeakkagf g^ af^gjeYlagf Zq l`Yl e]Yfk9 Yf\ (aa) fgla^q ]Y[` gl`]j g^ Yfq [`Yf_] lg l`]aj Y\\j]kk gj Yfq gl`]j km[` af^gjeYlagf kmhhda]\ Zq l`]e Zq fgl d]kk l`Yf ^an] >mkaf]kk @Yqk' fgla[], (Z) =fq km[` ]d][ljgfa[ [geemfa[Ylagf gj \]dan]jq Yk kh][a^a]\ af [dYmk] 11,4(Y) lg Z] eY\] Z]lo]]f Yf KZda_gj Yf\ Y BafYf[] LYjlq eYq gfdq Z] eY\] af l`Yl oYq lg l`] ]pl]fl l`Yl l`gk] log LYjla]k Y_j]] l`Yl* mfd]kk Yf\ mflad fgla^a]\ lg l`] [gfljYjq* l`ak ak lg Z] Yf Y[[]hl]\ ^gje g^ [geemfa[Ylagf gj \]dan]jq, ([) =fq km[` ]d][ljgfa[ [geemfa[Ylagf gj \g[me]fl Yk kh][a^a]\ af [dYmk] 11,4(Y) eY\] gj \]dan]j]\ Zq gf] LYjlq lg Yfgl`]j oadd Z] ]^^][lan] gfdq o`]f Y[lmYddq j][]an]\ (gj eY\] YnYadYZd]) af j]Y\YZd] ^gje Yf\ af l`] [Yk] g^ Yfq ]d][ljgfa[ [geemfa[Ylagf gj \g[me]fl eY\] gj \]dan]j]\ Zq Y LYjlq lg l`] =_]fl gfdq a^ al ak Y\\j]kk]\ af km[` Y eYff]j Yk l`] =_]fl k`Ydd kh][a^q ^gj l`ak hmjhgk], (\) =fq ]d][ljgfa[ [geemfa[Ylagf gj \g[me]fl o`a[` Z][ge]k ]^^][lan]* af Y[[gj\Yf[] oal` [dYmk] 11,4([)* Y^l]j 3,..he af l`] hdY[] af o`a[` l`] LYjlq lg o`ge l`] j]d]nYfl [geemfa[Ylagf gj \g[me]fl ak k]fl gj eY\] YnYadYZd] `Yk alk Y\\j]kk ^gj l`] hmjhgk] g^ l`ak =_j]]e]fl k`Ydd Z] \]]e]\ gfdq lg Z][ge] ]^^][lan] gf l`] ^gddgoaf_ \Yq, (]) =fq j]^]j]f[] af Y BafYf[] @g[me]fl lg Y [geemfa[Ylagf Z]af_ k]fl gj j][]an]\ gj Y \g[me]fl Z]af_ \]dan]j]\ k`Ydd Z] [gfkljm]\ lg af[dm\] l`Yl [geemfa[Ylagf gj \g[me]fl Z]af_ eY\] YnYadYZd] af Y[[gj\Yf[] oal` l`ak [dYmk] 11,4, ..)2 :^W\YcX \Q^WeQWU) (Y) =fq fgla[] _an]f mf\]j gj af [gff][lagf oal` Yfq BafYf[] @g[me]fl emkl Z] af Af_dak`, 1;5=487:"2:>69;<6"31-"++,/002%#%%**#(%..#+02'#)0+$)(&//%0. 

 

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#/046.26.4n6:=?PERA< + BY[adala]k Y_j]]e]fl + Hmp^]j+ ATA?QPEKJ /16 BafYf[] @g[me]fl Yj] [memdYlan] Yf\ fgl ]p[dmkan] g^ Yfq ja_`lk gj j]e]\a]k hjgna\]\ Zq dYo, .2) 6B:C9B:CIH 6C9 L6>K:GH .2), GUaeYbUT S_^cU^dc (Y) OmZb][l lg [dYmk] 15,0 (All Lender matters) Yf\ [dYmk] 15,1 (Other exceptions) Yfq l]je g^ l`] BafYf[] @g[me]flk eYq Z] Ye]f\]\ gj oYan]\ gfdq oal` l`] [gfk]fl g^ l`] IYbgjalq H]f\]jk Yf\ l`] KZda_gjk Yf\ Yfq km[` Ye]f\e]fl gj oYan]j oadd Z] Zaf\af_ gf Ydd LYjla]k, (Z) P`] =_]fl eYq ]^^][l* gf Z]`Yd^ g^ Yfq BafYf[] LYjlq* Yfq Ye]f\e]fl gj oYan]j h]jeall]\ Zq l`ak [dYmk] 15, ([) [dYmk] 04,/.([) k`Ydd Yhhdq lg l`ak [dYmk] 15, .2)- 6\\ AU^TUb ]QddUbc OmZb][l lg [dYmk] 15,2 (Changes to reference rates) Yf Ye]f\e]fl gj oYan]j g^ Yfq l]je g^ Yfq BafYf[] @g[me]fl l`Yl `Yk l`] ]^^][l g^ [`Yf_af_ gj o`a[` j]dYl]k lg8 (Y) l`] \]^afalagf g^ "BQZ_bYdi AU^TUbc" af [dYmk] /,/ (Definitions)9 (Z) Yf ]pl]fkagf lg l`] \Yl] g^ hYqe]fl g^ Yfq Yegmfl mf\]j l`] BafYf[] @g[me]flk9 ([) Y j]\m[lagf af l`] IYj_af gj Y j]\m[lagf af l`] Yegmfl g^ Yfq hYqe]fl g^ hjaf[ahYd* afl]j]kl* ^]]k gj [geeakkagf hYqYZd]9 (\) Y [`Yf_] af [mjj]f[q g^ hYqe]fl g^ Yfq Yegmfl mf\]j l`] BafYf[] @g[me]flk9 (]) Yf af[j]Yk] af Yfq ?geeale]fl* Yf ]pl]fkagf g^ l`] =nYadYZadalq L]jag\ gj Yfq j]imaj]e]fl l`Yl Y [Yf[]ddYlagf g^ ?geeale]flk j]\m[]k l`] ?geeale]flk g^ l`] H]f\]jk jYl]YZdq mf\]j l`] BY[adalq9 (^) Y [`Yf_] lg l`] >gjjgo]jk gj CmYjYflgjk gl`]j l`Yf af Y[[gj\Yf[] oal` [dYmk] 05 (Changes to the Obligors)9 (_) Yfq hjgnakagf o`a[` ]phj]kkdq j]imaj]k l`] [gfk]fl g^ Ydd l`] H]f\]jk9 (`) [dYmk] 0,1 (Accordion- increase in the Facility)* [dYmk] 3,/ (Delivery of a Utilisation  Request)* [dYmk] 7,/ (Illegality)* [dYmk] 7,0 (Change of control)* [dYmk] 7,6 (Application of prepayments)* [dYmk] 04 (Changes to the Lenders)* 0/,00 (Anti- Corruption Laws and Sanctions)* 02,/6 (Anti-Corruption Laws and Sanctions)* [dYmk] 05 (Changes to the Obligors)* [dYmk] 1. (Sharing among the Finance Parties)* l`ak [dYmk] 15* [dYmk] 20 (Governing law) gj [dYmk] 22 (Enforcement)9 gj (a) l`] fYlmj] gj k[gh] g^ l`] _mYjYfl]] Yf\ af\]efalq _jYfl]\ mf\]j [dYmk] 0. (Guarantee and indemnity), k`Ydd fgl Z] eY\] oal`gml l`] hjagj [gfk]fl g^ Ydd l`] H]f\]jk, 1;5=487:"2:>69;<6"31-"++,/002%#%%**#(%..#+02'#)0+$)(&//%0. 

 

#/046.26.4n6:=?PERA< + BY[adala]k Y_j]]e]fl + Hmp^]j+ ATA?QPEKJ /17 .2). DdXUb UhSU`dY_^c =f Ye]f\e]fl gj oYan]j o`a[` j]dYl]k lg l`] ja_`lk gj gZda_Ylagfk g^ l`] =_]fl gj l`] =jjYf_]j (]Y[` af l`]aj [YhY[alq Yk km[`) eYq fgl Z] ]^^][l]\ oal`gml l`] [gfk]fl g^ l`] =_]fl gj l`] =jjYf_]j* Yk l`] [Yk] eYq Z], .2)/ 8XQ^WUc d_ bUVUbU^SU bQdUc (Y) OmZb][l lg [dYmk] 15,1 (Other exceptions)* a^ Y LmZdak`]\ NYl] N]hdY[]e]fl An]fl `Yk g[[mjj]\ af j]dYlagf lg Yfq LmZdak`]\ NYl] ^gj Y [mjj]f[q o`a[` [Yf Z] k]d][l]\ ^gj Y HgYf* Yfq Ye]f\e]fl gj oYan]j o`a[` j]dYl]k lg8 (a) hjgna\af_ ^gj l`] mk] g^ Y N]hdY[]e]fl N]^]j]f[] NYl] af j]dYlagf lg l`Yl [mjj]f[q af hdY[] g^ l`Yl LmZdak`]\ NYl]9 Yf\ (aa) (=) Yda_faf_ Yfq hjgnakagf g^ Yfq BafYf[] @g[me]fl lg l`] mk] g^ l`Yl N]hdY[]e]fl N]^]j]f[] NYl]9 (>) ]fYZdaf_ l`Yl N]hdY[]e]fl N]^]j]f[] NYl] lg Z] mk]\ ^gj l`] [Yd[mdYlagf g^ afl]j]kl mf\]j l`ak =_j]]e]fl (af[dm\af_* oal`gml daealYlagf* Yfq [gfk]im]flaYd [`Yf_]k j]imaj]\ lg ]fYZd] l`Yl N]hdY[]e]fl N]^]j]f[] NYl] lg Z] mk]\ ^gj l`] hmjhgk]k g^ l`ak =_j]]e]fl)9 (?) aehd]e]flaf_ eYjc]l [gfn]flagfk Yhhda[YZd] lg l`Yl N]hdY[]e]fl N]^]j]f[] NYl]9 (@) hjgna\af_ ^gj YhhjghjaYl] ^YddZY[c (Yf\ eYjc]l \akjmhlagf) hjgnakagfk ^gj l`Yl N]hdY[]e]fl N]^]j]f[] NYl]9 gj (A) Y\bmklaf_ l`] hja[af_ lg j]\m[] gj ]daeafYl]* lg l`] ]pl]fl j]YkgfYZdq hjY[la[YZd]* Yfq ljYfk^]j g^ ][gfgea[ nYdm] ^jge gf] LYjlq lg Yfgl`]j Yk Y j]kmdl g^ l`] Yhhda[Ylagf g^ l`Yl N]hdY[]e]fl N]^]j]f[] NYl] (Yf\ a^ Yfq Y\bmkle]fl gj e]l`g\ ^gj [Yd[mdYlaf_ Yfq Y\bmkle]fl `Yk Z]]f ^gjeYddq \]ka_fYl]\* fgeafYl]\ gj j][gee]f\]\ Zq l`] N]d]nYfl JgeafYlaf_ >g\q* l`] Y\bmkle]fl k`Ydd Z] \]l]jeaf]\ gf l`] ZYkak g^ l`Yl \]ka_fYlagf* fgeafYlagf gj j][gee]f\Ylagf)* eYq Z] eY\] oal` l`] [gfk]fl g^ l`] =_]fl (Y[laf_ gf l`] afkljm[lagfk g^ l`] IYbgjalq H]f\]jk) Yf\ l`] KZda_gjk, (Z) =f Ye]f\e]fl gj oYan]j l`Yl j]dYl]k lg* gj `Yk l`] ]^^][l g^* Yda_faf_ l`] e]Yfk g^ [Yd[mdYlagf g^ afl]j]kl gf Y ?gehgmf\]\ NYl] HgYf af Yfq [mjj]f[q mf\]j l`ak =_j]]e]fl lg Yfq j][gee]f\Ylagf g^ Y N]d]nYfl JgeafYlaf_ >g\q o`a[`8 (a) j]dYl]k lg l`] mk] g^ Y jakc+^j]] j]^]j]f[] jYl] gf Y [gehgmf\]\ ZYkak af l`] afl]jfYlagfYd gj Yfq j]d]nYfl \ge]kla[ kqf\a[Yl]\ dgYf eYjc]lk9 Yf\ (aa) ak akkm]\ gf gj Y^l]j l`] \Yl] g^ l`ak =_j]]e]fl* ([) eYq Z] eY\] oal` l`] [gfk]fl g^ l`] =_]fl (Y[laf_ gf l`] afkljm[lagfk g^ l`] IYbgjalq H]f\]jk) Yf\ l`] KZda_gjk, 1;5=487:"2:>69;<6"31-"++,/002%#%%**#(%..#+02'#)0+$)(&//%0. 

 

#/046.26.4n6:=?PERA< + BY[adala]k Y_j]]e]fl + Hmp^]j+ ATA?QPEKJ /2. (\) E^ Yfq H]f\]j ^Yadk lg j]khgf\ lg Y j]im]kl ^gj Yf Ye]f\e]fl gj oYan]j \]k[jaZ]\ af [dYmk] 15,2(Y) oal`af /3 >mkaf]kk @Yqk (gj km[` dgf_]j lae] h]jag\ af j]dYlagf lg Yfq j]im]kl o`a[` l`] ?gehYfq Yf\ l`] =_]fl eYq Y_j]]) g^ l`Yl j]im]kl Z]af_ eY\]8 (a) alk ?geeale]fl k`Ydd fgl Z] af[dm\]\ ^gj l`] hmjhgk] g^ [Yd[mdYlaf_ l`] PglYd ?geeale]flk o`]f Yk[]jlYafaf_ o`]l`]j Yfq j]d]nYfl h]j[]flY_] g^ PglYd ?geeale]flk `Yk Z]]f gZlYaf]\ lg Yhhjgn] l`Yl j]im]kl9 Yf\ (aa) alk klYlmk Yk Y H]f\]j k`Ydd Z] \akj]_Yj\]\ ^gj l`] hmjhgk] g^ Yk[]jlYafaf_ o`]l`]j l`] Y_j]]e]fl g^ Yfq kh][a^a]\ _jgmh g^ H]f\]jk `Yk Z]]f gZlYaf]\ lg Yhhjgn] l`Yl j]im]kl, (]) Ef l`ak [dYmk] 15,28 "EeR\YcXUT GQdU" e]Yfk8 (Y) l`] =dl]jfYlan] P]je NYl] ^gj Yfq Mmgl]\ P]fgj9 (Z) l`] LjaeYjq P]je NYl] ^gj Yfq Mmgl]\ P]fgj9 gj ([) Yf NBN, "EeR\YcXUT GQdU GU`\QSU]U^d :fU^d" e]Yfk* af j]dYlagf lg Y LmZdak`]\ NYl]8 (Y) l`] e]l`g\gdg_q* ^gjemdY gj gl`]j e]Yfk g^ \]l]jeafaf_ l`Yl LmZdak`]\ NYl] `Yk* af l`] ghafagf g^ l`] IYbgjalq H]f\]jk* Yf\ l`] KZda_gjk eYl]jaYddq [`Yf_]\9 (Z) (a) (=) l`] Y\eafakljYlgj g^ l`Yl LmZdak`]\ NYl] gj alk kmh]jnakgj hmZda[dq Yffgmf[]k l`Yl km[` Y\eafakljYlgj ak afkgdn]fl9 gj (>) af^gjeYlagf ak hmZdak`]\ af Yfq gj\]j* \][j]]* fgla[]* h]lalagf gj ^adaf_* `go]n]j \]k[jaZ]\* g^ gj ^ad]\ oal` Y [gmjl* ljaZmfYd* ]p[`Yf_]* j]_mdYlgjq Yml`gjalq gj kaeadYj Y\eafakljYlan]* j]_mdYlgjq gj bm\a[aYd Zg\q o`a[` j]YkgfYZdq [gf^ajek l`Yl l`] Y\eafakljYlgj g^ l`Yl LmZdak`]\ NYl] ak afkgdn]fl* hjgna\]\ l`Yl* af ]Y[` [Yk]* Yl l`Yl lae]* l`]j] ak fg km[[]kkgj Y\eafakljYlgj lg [gflafm] lg hjgna\] l`Yl LmZdak`]\ NYl]9 (aa) l`] Y\eafakljYlgj g^ l`Yl LmZdak`]\ NYl] hmZda[dq Yffgmf[]k l`Yl al `Yk []Yk]\ gj oadd []Yk] lg hjgna\] l`Yl LmZdak`]\ NYl] h]jeYf]fldq gj af\]^afal]dq Yf\* Yl l`Yl lae]* l`]j] ak fg km[[]kkgj Y\eafakljYlgj lg [gflafm] lg hjgna\] l`Yl LmZdak`]\ NYl]9 (aaa) l`] kmh]jnakgj g^ l`] Y\eafakljYlgj g^ l`Yl LmZdak`]\ NYl] hmZda[dq Yffgmf[]k l`Yl km[` LmZdak`]\ NYl] `Yk Z]]f gj oadd Z] h]jeYf]fldq gj af\]^afal]dq \ak[gflafm]\9 (an) l`] Y\eafakljYlgj g^ l`Yl LmZdak`]\ NYl] gj alk kmh]jnakgj Yffgmf[]k l`Yl l`Yl LmZdak`]\ NYl] eYq fg dgf_]j Z] mk]\9 gj 1;5=487:"2:>69;<6"31-"++,/002%#%%**#(%..#+02'#)0+$)(&//%0. 

 

#/046.26.4n6:=?PERA< + BY[adala]k Y_j]]e]fl + Hmp^]j+ ATA?QPEKJ /2/ (n) af l`] [Yk] g^ l`] LjaeYjq P]je NYl] ^gj Yfq Mmgl]\ P]fgj ^gj ]mjg* l`] kmh]jnakgj g^ l`] Y\eafakljYlgj g^ l`Yl LjaeYjq P]je NYl] eYc]k Y hmZda[ Yffgmf[]e]fl gj hmZdak`]k af^gjeYlagf klYlaf_ l`Yl l`Yl LjaeYjq P]je NYl] ^gj l`Yl Mmgl]\ P]fgj ak fg dgf_]j* gj Yk g^ Y kh][a^a]\ ^mlmj] \Yl] oadd fg dgf_]j Z]* j]hj]k]flYlan] g^ l`] mf\]jdqaf_ eYjc]l gj ][gfgea[ j]Ydalq l`Yl al ak afl]f\]\ lg e]Ykmj] Yf\ l`Yl j]hj]k]flYlan]f]kk oadd fgl Z] j]klgj]\ (Yk \]l]jeaf]\ Zq km[` kmh]jnakgj)9 gj ([) l`] Y\eafakljYlgj g^ l`Yl LmZdak`]\ NYl] (gj l`] Y\eafakljYlgj g^ Yf afl]j]kl jYl] o`a[` ak Y [gfklalm]fl ]d]e]fl g^ l`Yl LmZdak`]\ NYl]) \]l]jeaf]k l`Yl l`Yl LmZdak`]\ NYl] k`gmd\ Z] [Yd[mdYl]\ af Y[[gj\Yf[] oal` alk j]\m[]\ kmZeakkagfk gj gl`]j [gflaf_]f[q gj ^YddZY[c hgda[a]k gj YjjYf_]e]flk Yf\ ]al`]j8 (a) l`] [aj[meklYf[](k) gj ]n]fl(k) d]Y\af_ lg km[` \]l]jeafYlagf Yj] fgl (af l`] ghafagf g^ l`] IYbgjalq H]f\]jk Yf\ l`] KZda_gjk) l]ehgjYjq9 gj (aa) l`Yl LmZdak`]\ NYl] ak [Yd[mdYl]\ af Y[[gj\Yf[] oal` Yfq km[` hgda[q gj YjjYf_]e]fl ^gj Y h]jag\ fg d]kk l`Yf l`] h]jag\ kh][a^a]\ Yk l`] "NBN ?gflaf_]f[q L]jag\" af l`] N]^]j]f[] NYl] P]jek j]dYlaf_ lg l`Yl LmZdak`]\ NYl]9 gj (\) af l`] ghafagf g^ l`] IYbgjalq H]f\]jk Yf\ l`] KZda_gjk* l`Yl LmZdak`]\ NYl] ak gl`]joak] fg dgf_]j YhhjghjaYl] ^gj l`] hmjhgk]k g^ [Yd[mdYlaf_ afl]j]kl mf\]j l`ak =_j]]e]fl, "GU\UfQ^d C_]Y^QdY^W 7_Ti" e]Yfk Yfq Yhhda[YZd] []fljYd ZYfc* j]_mdYlgj gj gl`]j kmh]jnakgjq Yml`gjalq gj Y _jgmh g^ l`]e* gj Yfq ogjcaf_ _jgmh gj [geeall]] khgfkgj]\ gj [`Yaj]\ Zq* gj [gfklalml]\ Yl l`] j]im]kl g^* Yfq g^ l`]e gj l`] BafYf[aYd OlYZadalq >gYj\, "GU`\QSU]U^d GUVUbU^SU GQdU" e]Yfk Y j]^]j]f[] jYl] o`a[` ak8 (Y) ^gjeYddq \]ka_fYl]\* fgeafYl]\ gj j][gee]f\]\ Yk l`] j]hdY[]e]fl ^gj Y LmZdak`]\ NYl] Zq8 (a) l`] Y\eafakljYlgj g^ l`Yl LmZdak`]\ NYl] (hjgna\]\ l`Yl l`] eYjc]l gj ][gfgea[ j]Ydalq l`Yl km[` j]^]j]f[] jYl] e]Ykmj]k ak l`] kYe] Yk l`Yl e]Ykmj]\ Zq l`Yl LmZdak`]\ NYl])9 gj (aa) Yfq N]d]nYfl JgeafYlaf_ >g\q* Yf\ a^ j]hdY[]e]flk `Yn]* Yl l`] j]d]nYfl lae]* Z]]f ^gjeYddq \]ka_fYl]\* fgeafYl]\ gj j][gee]f\]\ mf\]j Zgl` hYjY_jYh`k* l`] "N]hdY[]e]fl N]^]j]f[] NYl]" oadd Z] l`] j]hdY[]e]fl mf\]j hYjY_jYh` (aa)9 (Z) af l`] ghafagf g^ l`] IYbgjalq H]f\]jk Yf\ l`] KZda_gjk* _]f]jYddq Y[[]hl]\ af l`] afl]jfYlagfYd gj Yfq j]d]nYfl \ge]kla[ kqf\a[Yl]\ dgYf eYjc]lk Yk l`] YhhjghjaYl] km[[]kkgj lg Y LmZdak`]\ NYl]9 gj ([) af l`] ghafagf g^ l`] IYbgjalq H]f\]jk Yf\ l`] KZda_gjk* Yf YhhjghjaYl] km[[]kkgj lg Y LmZdak`]\ NYl], 1;5=487:"2:>69;<6"31-"++,/002%#%%**#(%..#+02'#)0+$)(&//%0. 

 

#/046.26.4n6:=?PERA< + BY[adala]k Y_j]]e]fl + Hmp^]j+ ATA?QPEKJ /20 .2)0 9UU]UT S_^cU^d E^ Yl Yfq lae] l`] H]f\]jk Y_j]] lg Ye]f\ gj oYan] Yfq l]je g^ l`ak =_j]]e]fl af Y[[gj\Yf[] oal` l`ak [dYmk] 16 l`]f l`] =f[addYjq H]f\]jk oadd Z] \]]e]\ lg eYc] Y [gjj]khgf\af_ Ye]f\e]fl gj oYan]j af ]imanYd]fl l]jek lg l`] =f[addYjq @g[me]flk Yf\ lg lYc] Yfq kl]hk l`Yl l`] =_]fl eYq j]YkgfYZdq j]imaj] gf Z]`Yd^ g^ l`] H]f\]jk lg _an] ]^^][l lg l`ak [dYmk] 15,3, .2)1 9YcU^VbQ^SXYcU]U^d _V 9UVQe\dY^W AU^TUbc (Y) Bgj kg dgf_ Yk Y @]^Ymdlaf_ H]f\]j `Yk Yfq =nYadYZd] ?geeale]fl* af Yk[]jlYafaf_ l`] IYbgjalq H]f\]jk gj o`]l`]j Yfq _an]f h]j[]flY_] (af[dm\af_* ^gj l`] Ynga\Yf[] g^ \gmZl* mfYfaealq) g^ l`] PglYd ?geeale]flk `Yk Z]]f gZlYaf]\ lg Yhhjgn] Yfq j]im]kl ^gj Y [gfk]fl* oYan]j* Ye]f\e]fl gj gl`]j ngl] mf\]j l`] BafYf[] @g[me]flk* l`Yl @]^Ymdlaf_ H]f\]j'k ?geeale]flk oadd Z] j]\m[]\ Zq l`] Yegmfl g^ alk =nYadYZd] ?geeale]flk, (Z) Bgj l`] hmjhgk]k g^ l`ak [dYmk] 15,4 l`] =_]fl eYq Ykkme] l`Yl l`] ^gddgoaf_ H]f\]jk Yj] @]^Ymdlaf_ H]f\]jk8 (a) Yfq H]f\]j o`a[` `Yk fgla^a]\ l`] =_]fl l`Yl al `Yk Z][ge] Y @]^Ymdlaf_ H]f\]j9 Yf\ (aa) Yfq H]f\]j af j]dYlagf lg o`a[` al ak YoYj] l`Yl Yfq g^ l`] ]n]flk g^ [aj[meklYf[]k j]^]jj]\ lg af hYjY_jYh`k (Y)* (Z) gj ([) g^ l`] \]^afalagf g^ "9UVQe\dY^W AU^TUb" `Yk g[[mjj]\ Yf\* af l`] [Yk] g^ l`] ]n]flk gj [aj[meklYf[]k j]^]jj]\ lg af hYjY_jYh` 15,4(Y)* fgf] g^ l`] ]p[]hlagfk lg l`Yl hYjY_jYh` Yhhdq* mfd]kk al `Yk j][]an]\ fgla[] lg l`] [gfljYjq ^jge l`] H]f\]j [gf[]jf]\ (lg_]l`]j oal` Yfq kmhhgjlaf_ ]na\]f[] j]YkgfYZdq j]im]kl]\ Zq l`] =_]fl) gj l`] =_]fl ak gl`]joak] YoYj] l`Yl l`] H]f\]j `Yk []Yk]\ lg Z] Y @]^Ymdlaf_ H]f\]j, .2)2 GU`\QSU]U^d _V Q 9UVQe\dY^W AU^TUb (Y) P`] ?gehYfq eYq* Yl Yfq lae] Y H]f\]j `Yk Z][ge] Yf\ [gflafm]k lg Z] Y @]^Ymdlaf_ H]f\]j* Zq _anaf_ /. >mkaf]kk @Yqk' hjagj ojall]f fgla[] lg l`] =_]fl Yf\ km[` H]f\]j8 (a) j]hdY[] km[` H]f\]j Zq j]imajaf_ km[` H]f\]j lg (Yf\ km[` H]f\]j k`Ydd) ljYfk^]j hmjkmYfl lg [dYmk] 04 (Changes to the Lenders) Ydd (Yf\ fgl hYjl gfdq) g^ alk ja_`lk Yf\ gZda_Ylagfk mf\]j l`ak =_j]]e]fl9 (aa) j]imaj] km[` H]f\]j lg (Yf\ km[` H]f\]j k`Ydd) ljYfk^]j hmjkmYfl lg [dYmk] 04 (Changes to the Lenders) Ydd (Yf\ fgl hYjl gfdq) g^ l`] mf\jYof ?geeale]fl g^ l`] H]f\]j9 gj (aaa) j]imaj] km[` H]f\]j lg (Yf\ km[` H]f\]j k`Ydd) ljYfk^]j hmjkmYfl lg [dYmk] 04 (Changes to the Lenders) Ydd (Yf\ fgl hYjl gfdq) g^ alk ja_`lk Yf\ gZda_Ylagfk af j]kh][l g^ l`] BY[adala]k* lg Y H]f\]j gj gl`]j ZYfc* ^afYf[aYd afklalmlagf* ljmkl* ^mf\ gj gl`]j ]flalq (l`] "GU`\QSU]U^d AU^TUb") k]d][l]\ Zq l`] ?gehYfq* Yf\ o`a[` (mfd]kk l`] =_]fl ak Yf EehYaj]\ =_]fl) ak Y[[]hlYZd] lg l`] =_]fl (Y[laf_ j]YkgfYZdq)* o`a[` [gf^ajek 1;5=487:"2:>69;<6"31-"++,/002%#%%**#(%..#+02'#)0+$)(&//%0. 

 

#/046.26.4n6:=?PERA< + BY[adala]k Y_j]]e]fl + Hmp^]j+ ATA?QPEKJ /21 alk oaddaf_f]kk lg Ykkme] Yf\ \g]k Ykkme] Ydd l`] gZda_Ylagfk gj Ydd l`] j]d]nYfl gZda_Ylagfk g^ l`] ljYfk^]jjaf_ H]f\]j (af[dm\af_ l`] Ykkmehlagf g^ l`] ljYfk^]jjaf_ H]f\]j'k hYjla[ahYlagfk gj mf^mf\]\ hYjla[ahYlagfk (Yk l`] [Yk] eYq Z]) gf l`] kYe] ZYkak Yk l`] ljYfk^]jjaf_ H]f\]j) ^gj Y hmj[`Yk] hja[] af [Yk` hYqYZd] Yl l`] lae] g^ ljYfk^]j ]imYd lg l`] gmlklYf\af_ hjaf[ahYd Yegmfl g^ km[` H]f\]j'k hYjla[ahYlagf af l`] gmlklYf\af_ QladakYlagfk Yf\ Ydd Y[[jm]\ afl]j]kl* >j]Yc ?gklk Yf\ gl`]j Yegmflk hYqYZd] af j]dYlagf l`]j]lg mf\]j l`] BafYf[] @g[me]flk, (Z) =fq ljYfk^]j g^ ja_`lk Yf\ gZda_Ylagfk g^ Y @]^Ymdlaf_ H]f\]j hmjkmYfl lg l`ak [dYmk] k`Ydd Z] kmZb][l lg l`] ^gddgoaf_ [gf\alagfk8 (a) l`] ?gehYfq k`Ydd `Yn] fg ja_`l lg j]hdY[] l`] =_]fl9 (aa) f]al`]j l`] =_]fl fgj l`] @]^Ymdlaf_ H]f\]j k`Ydd `Yn] Yfq gZda_Ylagf lg l`] ?gehYfq lg ^af\ Y N]hdY[]e]fl H]f\]j9 (aaa) l`] ljYfk^]j emkl lYc] hdY[] fg dYl]j l`Yf 0. >mkaf]kk @Yqk Y^l]j l`] fgla[] j]^]jj]\ lg af [dYmk] 15,5 (Replacement of a Defaulting Lender)9 Yf\ (an) af fg ]n]fl k`Ydd l`] @]^Ymdlaf_ H]f\]j Z] j]imaj]\ lg hYq gj kmjj]f\]j lg l`] N]hdY[]e]fl H]f\]j Yfq g^ l`] ^]]k j][]an]\ Zq l`] @]^Ymdlaf_ H]f\]j hmjkmYfl lg l`] BafYf[] @g[me]flk, .2)3 :hS\eTUT 8_]]Yd]U^dc E^8 (Y) Yfq @]^Ymdlaf_ H]f\]j ^Yadk lg j]khgf\ lg Y j]im]kl ^gj Y [gfk]fl* oYan]j* Ye]f\e]fl g^ gj af j]dYlagf lg Yfq l]je g^ Yfq BafYf[] @g[me]fl Yfq gl`]j ngl] g^ H]f\]jk mf\]j l`] l]jek g^ l`ak =_j]]e]fl oal`af /3 >mkaf]kk @Yqk g^ l`Yl j]im]kl Z]af_ eY\]9 gj (Z) Yfq H]f\]j o`a[` ak fgl Y @]^Ymdlaf_ H]f\]j ^Yadk lg j]khgf\ lg km[` Y j]im]kl (gl`]j l`Yf Yf Ye]f\e]fl* oYan]j gj [gfk]fl j]^]jj]\ lg af [dYmk]k 15,0(Z)* 15,0([) gj 15,0(`)) gj km[` Y ngl] oal`af /3 >mkaf]kk @Yqk g^ l`Yl j]im]kl Z]af_ eY\]* (mfd]kk* af ]al`]j [Yk]* l`] ?gehYfq Yf\ l`] =_]fl Y_j]] lg Y dgf_]j lae] h]jag\ af j]dYlagf lg Yfq j]im]kl)8 (a) alk ?geeale]fl(k) k`Ydd fgl Z] af[dm\]\ ^gj l`] hmjhgk] g^ [Yd[mdYlaf_ l`] PglYd ?geeale]flk o`]f Yk[]jlYafaf_ o`]l`]j Yfq j]d]nYfl h]j[]flY_] (af[dm\af_* ^gj l`] Ynga\Yf[] g^ \gmZl* mfYfaealq) g^ PglYd ?geeale]flk `Yk Z]]f gZlYaf]\ lg Yhhjgn] l`Yl j]im]kl9 Yf\ (aa) alk klYlmk Yk Y H]f\]j k`Ydd Z] \akj]_Yj\]\ ^gj l`] hmjhgk] g^ Yk[]jlYafaf_ o`]l`]j l`] Y_j]]e]fl g^ Yfq kh][a^a]\ _jgmh g^ H]f\]jk `Yk Z]]f gZlYaf]\ lg Yhhjgn] l`Yl j]im]kl, .2)4 GU`\QSU]U^d _V AU^TUb (Y) E^ Yf KZda_gj Z][ge]k gZda_]\8 (a) lg j]hYq Yfq Yegmfl af Y[[gj\Yf[] oal` [dYmk] 7,/ (Illegality)9 gj 1;5=487:"2:>69;<6"31-"++,/002%#%%**#(%..#+02'#)0+$)(&//%0. 

 

#/046.26.4n6:=?PERA< + BY[adala]k Y_j]]e]fl + Hmp^]j+ ATA?QPEKJ /22 (aa) lg hYq Y\\alagfYd Yegmflk hmjkmYfl lg [dYmk] /1,1 (Market disruption) gj [dYmk] /4,/ (Increased Costs)* [dYmk] /3,0 (Tax gross-up) gj [dYmk] /3,1 (Tax  indemnity)* lg Yfq H]f\]j l`]f l`] ?gehYfq eYq* gf /. >mkaf]kk @Yqk' hjagj ojall]f fgla[] lg l`] =_]fl Yf\ km[` H]f\]j* j]hdY[] km[` H]f\]j Zq j]imajaf_ km[` H]f\]j lg (Yf\* lg l`] ]pl]fl h]jeall]\ Zq dYo* km[` H]f\]j k`Ydd) ljYfk^]j hmjkmYfl lg [dYmk] 04 (Changes to the Lenders) Ydd (Yf\ fgl hYjl gfdq) g^ alk ja_`lk Yf\ gZda_Ylagfk mf\]j l`ak =_j]]e]fl lg Y H]f\]j gj gl`]j ZYfc* ^afYf[aYd afklalmlagf* ljmkl* ^mf\ gj gl`]j ]flalq (l`] "GU`\QSU]U^d AU^TUb") o`a[` ak Y[[]hlYZd] lg l`] ?gehYfq Yf\ o`a[` [gf^ajek alk oaddaf_f]kk lg Ykkme] Yf\ \g]k Ykkme] Ydd l`] gZda_Ylagfk g^ l`] ljYfk^]jjaf_ H]f\]j af Y[[gj\Yf[] oal` [dYmk] 04 (Changes to the Lenders) ^gj Y hmj[`Yk] hja[] af [Yk` hYqYZd] Yl l`] lae] g^ ljYfk^]j af Yf Yegmfl ]imYd lg l`] gmlklYf\af_ hjaf[ahYd Yegmfl g^ km[` H]f\]j'k hYjla[ahYlagf af l`] gmlklYf\af_ QladakYlagfk Yf\ Ydd Y[[jm]\ afl]j]kl* >j]Yc ?gklk Yf\ gl`]j Yegmflk hYqYZd] af j]dYlagf l`]j]lg mf\]j l`] BafYf[] @g[me]flk, (Z) P`] j]hdY[]e]fl g^ Y H]f\]j hmjkmYfl lg l`ak [dYmk] 15,7 k`Ydd Z] kmZb][l lg l`] ^gddgoaf_ [gf\alagfk8 (a) l`] ?gehYfq k`Ydd `Yn] fg ja_`l lg j]hdY[] l`] =_]fl9 (aa) f]al`]j l`] =_]fl fgj l`] H]f\]j k`Ydd `Yn] Yfq gZda_Ylagf lg l`] ?gehYfq lg ^af\ Y N]hdY[]e]fl H]f\]j9 (aaa) l`] ljYfk^]j lg km[` N]hdY[]e]fl H]f\]j k`Ydd Z] \]]e]\ lg g[[mj l`j]] >mkaf]kk @Yqk' ^gddgoaf_ \]dan]jq g^ l`] j]d]nYfl PjYfk^]j ?]jla^a[Yl] lg l`] =_]fl* hYqe]fl g^ l`] hmj[`Yk] hja[] Zq l`] H]f\]j lg l`] N]hdY[]e]fl H]f\]j Yk j]imaj]\ hmjkmYfl lg [dYmk] 15,7(Y) Yf\ kmZb][l lg kYlak^Y[lagf oal` [dYmk] 15,7(Z)(n)9 (an) af fg ]n]fl k`Ydd l`] H]f\]j j]hdY[]\ mf\]j l`ak [dYmk] 15,7 Z] j]imaj]\ lg hYq gj kmjj]f\]j lg km[` N]hdY[]e]fl H]f\]j Yfq g^ l`] ^]]k j][]an]\ Zq km[` H]f\]j hmjkmYfl lg l`] BafYf[] @g[me]flk9 Yf\ (n) l`] H]f\]j k`Ydd gfdq Z] gZda_]\ lg ljYfk^]j alk ja_`lk Yf\ gZda_Ylagfk hmjkmYfl lg [dYmk] 15,7(Y) gf[] al ak kYlak^a]\ l`Yl al `Yk [gehda]\ oal` Ydd f][]kkYjq "cfgo qgmj [mklge]j" gj gl`]j kaeadYj [`][ck mf\]j Ydd Yhhda[YZd] dYok Yf\ j]_mdYlagfk af j]dYlagf lg l`Yl ljYfk^]j, ([) = H]f\]j k`Ydd h]j^gje l`] [`][ck \]k[jaZ]\ af [dYmk] 15,7(Z)(n) Yk kggf Yk j]YkgfYZdq hjY[la[YZd] ^gddgoaf_ \]dan]jq g^ Y fgla[] j]^]jj]\ lg af [dYmk] 15,7(Y) Yf\ k`Ydd fgla^q l`] =_]fl Yf\ l`] ?gehYfq o`]f al ak kYlak^a]\ l`Yl al `Yk [gehda]\ oal` l`gk] [`][ck, (\) Ef l`] ]n]fl l`Yl8 (a) l`] ?gehYfq gj l`] =_]fl (Yl l`] j]im]kl g^ l`] ?gehYfq) `Yk j]im]kl]\ l`] H]f\]jk lg _an] Y [gfk]fl af j]dYlagf lg* gj lg Y_j]] lg Y oYan]j gj Ye]f\e]fl g^* Yfq hjgnakagfk g^ l`] BafYf[] @g[me]flk9 (aa) l`] [gfk]fl* oYan]j gj Ye]f\e]fl af im]klagf j]imaj]k l`] YhhjgnYd g^ Ydd l`] H]f\]jk9 Yf\ 1;5=487:"2:>69;<6"31-"++,/002%#%%**#(%..#+02'#)0+$)(&//%0. 

 

#/046.26.4n6:=?PERA< + BY[adala]k Y_j]]e]fl + Hmp^]j+ ATA?QPEKJ /23 (aaa) H]f\]jk o`gk] ?geeale]flk Y__j]_Yl] Yl d]Ykl 6.% g^ l`] PglYd ?geeale]flk (gj* a^ l`] PglYd ?geeale]flk `Yn] Z]]f j]\m[]\ lg r]jg* Y__j]_Yl]\ Yl d]Ykl 6.% g^ l`] PglYd ?geeale]flk hjagj lg l`Yl j]\m[lagf) `Yn] [gfk]fl]\ gj Y_j]]\ lg km[` oYan]j gj Ye]f\e]fl* l`]f Yfq H]f\]j o`g \g]k fgl Yf\ [gflafm]k fgl lg [gfk]fl gj Y_j]] lg km[` oYan]j gj Ye]f\e]flk k`Ydd Z] \]]e]\ Y "C_^(8_^cU^dY^W AU^TUb", .3) 8DC;>9:CI>6A >C;DGB6I>DC .3), 8_^VYTU^dYQ\Ydi AY[` BafYf[] LYjlq Y_j]]k lg c]]h Ydd ?gf^a\]flaYd Ef^gjeYlagf [gf^a\]flaYd Yf\ fgl lg \ak[dgk] al lg Yfqgf]* kYn] lg l`] ]pl]fl h]jeall]\ Zq [dYmk] 16,0 (Disclosure of Confidential  Information) Yf\ [dYmk] 16,1 (Disclosure to numbering service providers)* Yf\ lg ]fkmj] l`Yl Ydd ?gf^a\]flaYd Ef^gjeYlagf ak hjgl][l]\ oal` k][mjalq e]Ykmj]k Yf\ Y \]_j]] g^ [Yj] l`Yl ogmd\ Yhhdq lg alk gof [gf^a\]flaYd af^gjeYlagf, .3)- 9YcS\_cebU _V 8_^VYTU^dYQ\ >^V_b]QdY_^ =fq BafYf[] LYjlq eYq \ak[dgk]8 (Y) lg Yfq g^ alk =^^adaYl]k Yf\ N]dYl]\ Bmf\k Yf\ Yfq g^ alk gj l`]aj g^^a[]jk* \aj][lgjk* ]ehdgq]]k* hjg^]kkagfYd Y\nak]jk* Ym\algjk* hYjlf]jk Yf\ N]hj]k]flYlan]k km[` ?gf^a\]flaYd Ef^gjeYlagf Yk l`Yl BafYf[] LYjlq k`Ydd [gfka\]j YhhjghjaYl] a^ Yfq h]jkgf lg o`ge l`] ?gf^a\]flaYd Ef^gjeYlagf ak lg Z] _an]f hmjkmYfl lg l`ak [dYmk] 16,0(Y) ak af^gje]\ af ojalaf_ g^ alk [gf^a\]flaYd fYlmj] Yf\ l`Yl kge] gj Ydd g^ km[` ?gf^a\]flaYd Ef^gjeYlagf eYq Z] hja[]+k]fkalan] af^gjeYlagf ]p[]hl l`Yl l`]j] k`Ydd Z] fg km[` j]imaj]e]fl lg kg af^gje a^ l`] j][aha]fl ak kmZb][l lg hjg^]kkagfYd gZda_Ylagfk lg eYaflYaf l`] [gf^a\]flaYdalq g^ l`] af^gjeYlagf gj ak gl`]joak] Zgmf\ Zq j]imaj]e]flk g^ [gf^a\]flaYdalq af j]dYlagf lg l`] ?gf^a\]flaYd Ef^gjeYlagf9 (Z) lg Yfq h]jkgf8 (a) lg (gj l`jgm_`) o`ge al Ykka_fk gj ljYfk^]jk (gj eYq hgl]flaYddq Ykka_f gj ljYfk^]j) Ydd gj Yfq g^ alk ja_`lk Yf\-gj gZda_Ylagfk mf\]j gf] gj egj] BafYf[] @g[me]flk gj o`a[` km[[]]\k (gj o`a[` eYq hgl]flaYddq km[[]]\) al Yk =_]fl* Yf\* af ]Y[` [Yk]* lg Yfq g^ l`Yl h]jkgf'k =^^adaYl]k* N]dYl]\ Bmf\k* N]hj]k]flYlan]k Yf\ hjg^]kkagfYd Y\nak]jk9 (aa) oal` (gj l`jgm_`) o`ge al ]fl]jk aflg (gj eYq hgl]flaYddq ]fl]j aflg)* o`]l`]j \aj][ldq gj af\aj][ldq* Yfq kmZ+hYjla[ahYlagf af j]dYlagf lg* gj Yfq gl`]j ljYfkY[lagf mf\]j o`a[` hYqe]flk Yj] lg Z] eY\] gj eYq Z] eY\] Zq j]^]j]f[] lg* gf] gj egj] BafYf[] @g[me]flk Yf\-gj gf] gj egj] KZda_gjk Yf\ lg Yfq g^ l`Yl h]jkgf'k =^^adaYl]k* N]dYl]\ Bmf\k* N]hj]k]flYlan]k Yf\ hjg^]kkagfYd Y\nak]jk9 (aaa) Yhhgafl]\ Zq Yfq BafYf[] LYjlq gj Zq Y h]jkgf lg o`ge [dYmk] 16,0(Z)(a) gj 16,0(Z)(aa) Yhhda]k lg j][]an] [geemfa[Ylagfk* fgla[]k* af^gjeYlagf gj \g[me]flk \]dan]j]\ hmjkmYfl lg l`] BafYf[] @g[me]flk gf alk Z]`Yd^ (af[dm\af_* oal`gml daealYlagf* Yfq h]jkgf Yhhgafl]\ mf\]j [dYmk] 06,/2(Z) (Relationship with the Lenders))9 1;5=487:"2:>69;<6"31-"++,/002%#%%**#(%..#+02'#)0+$)(&//%0. 

 

#/046.26.4n6:=?PERA< + BY[adala]k Y_j]]e]fl + Hmp^]j+ ATA?QPEKJ /24 (an) o`g afn]klk af gj gl`]joak] ^afYf[]k (gj eYq hgl]flaYddq afn]kl af gj gl`]joak] ^afYf[])* \aj][ldq gj af\aj][ldq* Yfq ljYfkY[lagf j]^]jj]\ lg af [dYmk] 16,0(Z)(a) gj 16,0(Z)(aa)9 (n) lg o`ge af^gjeYlagf ak j]imaj]\ gj j]im]kl]\ lg Z] \ak[dgk]\ Zq Yfq [gmjl g^ [geh]l]fl bmjak\a[lagf gj Yfq _gn]jfe]flYd* ZYfcaf_* lYpYlagf gj gl`]j j]_mdYlgjq Yml`gjalq gj kaeadYj Zg\q* l`] jmd]k g^ Yfq j]d]nYfl klg[c ]p[`Yf_] gj hmjkmYfl lg Yfq Yhhda[YZd] dYo gj j]_mdYlagf9 (na) lg o`ge af^gjeYlagf ak j]imaj]\ lg Z] \ak[dgk]\ af [gff][lagf oal`* Yf\ ^gj l`] hmjhgk]k g^* Yfq dala_Ylagf* YjZaljYlagf* Y\eafakljYlan] gj gl`]j afn]kla_Ylagfk* hjg[]]\af_k gj \akhml]k9 (naa) lg o`ge gj ^gj o`gk] Z]f]^al l`Yl BafYf[] LYjlq [`Yj_]k* Ykka_fk gj gl`]joak] [j]Yl]k O][mjalq (gj eYq \g kg) hmjkmYfl lg [dYmk] 04,7 (Security  over Lenders' rights)9 (naaa) o`g ak Y LYjlq9 gj (ap) oal` l`] [gfk]fl g^ l`] ?gehYfq9 af ]Y[` [Yk]* km[` ?gf^a\]flaYd Ef^gjeYlagf Yk l`Yl BafYf[] LYjlq k`Ydd [gfka\]j YhhjghjaYl] a^8 (=) af j]dYlagf lg [dYmk]k 16,0(Z)(a)* 16,0(Z)(aa) Yf\ 16,0(Z)(aaa)* l`] h]jkgf lg o`ge l`] ?gf^a\]flaYd Ef^gjeYlagf ak lg Z] _an]f `Yk ]fl]j]\ aflg Y ?gf^a\]flaYdalq Qf\]jlYcaf_ ]p[]hl l`Yl l`]j] k`Ydd Z] fg j]imaj]e]fl ^gj Y ?gf^a\]flaYdalq Qf\]jlYcaf_ a^ l`] j][aha]fl ak Y hjg^]kkagfYd Y\nak]j Yf\ ak kmZb][l lg hjg^]kkagfYd gZda_Ylagfk lg eYaflYaf l`] [gf^a\]flaYdalq g^ l`] ?gf^a\]flaYd Ef^gjeYlagf9 (>) af j]dYlagf lg [dYmk] 16,0(Z)(an)* l`] h]jkgf lg o`ge l`] ?gf^a\]flaYd Ef^gjeYlagf ak lg Z] _an]f `Yk ]fl]j]\ aflg Y ?gf^a\]flaYdalq Qf\]jlYcaf_ gj ak gl`]joak] Zgmf\ Zq j]imaj]e]flk g^ [gf^a\]flaYdalq af j]dYlagf lg l`] ?gf^a\]flaYd Ef^gjeYlagf l`]q j][]an] Yf\ ak af^gje]\ l`Yl kge] gj Ydd g^ km[` ?gf^a\]flaYd Ef^gjeYlagf eYq Z] hja[]+k]fkalan] af^gjeYlagf9 (?) af j]dYlagf lg [dYmk]k 16,0(Z)(n)* 16,0(Z)(na) Yf\ 16,0(Z)(naa)* l`] h]jkgf lg o`ge l`] ?gf^a\]flaYd Ef^gjeYlagf ak lg Z] _an]f ak af^gje]\ g^ alk [gf^a\]flaYd fYlmj] Yf\ l`Yl kge] gj Ydd g^ km[` ?gf^a\]flaYd Ef^gjeYlagf eYq Z] hja[]+k]fkalan] af^gjeYlagf ]p[]hl l`Yl l`]j] k`Ydd Z] fg j]imaj]e]fl lg kg af^gje a^* af l`] ghafagf g^ l`Yl BafYf[] LYjlq* al ak fgl hjY[la[YZd] kg lg \g af l`] [aj[meklYf[]k9 ([) lg Yfq h]jkgf Yhhgafl]\ Zq l`Yl BafYf[] LYjlq gj Zq Y h]jkgf lg o`ge [dYmk] 16,0(Z)(a) gj 16,0(Z)(aa) Yhhda]k lg hjgna\] Y\eafakljYlagf gj k]lld]e]fl k]jna[]k af j]kh][l g^ gf] gj egj] g^ l`] BafYf[] @g[me]flk af[dm\af_ oal`gml daealYlagf* af j]dYlagf lg l`] ljY\af_ g^ hYjla[ahYlagfk af j]kh][l g^ l`] BafYf[] @g[me]flk* km[` ?gf^a\]flaYd Ef^gjeYlagf Yk eYq Z] j]imaj]\ lg Z] \ak[dgk]\ lg ]fYZd] km[` k]jna[] hjgna\]j lg hjgna\] Yfq g^ l`] k]jna[]k j]^]jj]\ lg af l`ak [dYmk] 16,0([) a^ l`] k]jna[] hjgna\]j lg o`ge l`] ?gf^a\]flaYd Ef^gjeYlagf ak lg Z] _an]f `Yk ]fl]j]\ aflg Y [gf^a\]flaYdalq Y_j]]e]fl kmZklYflaYddq af l`] ^gje g^ l`] HI= IYkl]j ?gf^a\]flaYdalq Qf\]jlYcaf_ ^gj Qk] Sal` =\eafakljYlagf-O]lld]e]fl O]jna[] 1;5=487:"2:>69;<6"31-"++,/002%#%%**#(%..#+02'#)0+$)(&//%0. 

 

#/046.26.4n6:=?PERA< + BY[adala]k Y_j]]e]fl + Hmp^]j+ ATA?QPEKJ /25 Ljgna\]jk gj km[` gl`]j ^gje g^ [gf^a\]flaYdalq mf\]jlYcaf_ Y_j]]\ Z]lo]]f l`] ?gehYfq Yf\ l`] j]d]nYfl BafYf[] LYjlq9 Yf\ (\) lg Yfq jYlaf_ Y_]f[q (af[dm\af_ alk hjg^]kkagfYd Y\nak]jk) km[` ?gf^a\]flaYd Ef^gjeYlagf Yk eYq Z] j]imaj]\ lg Z] \ak[dgk]\ lg ]fYZd] km[` jYlaf_ Y_]f[q lg [Yjjq gml alk fgjeYd jYlaf_ Y[lanala]k af j]dYlagf lg l`] BafYf[] @g[me]flk Yf\-gj l`] KZda_gjk a^ l`] jYlaf_ Y_]f[q lg o`ge l`] ?gf^a\]flaYd Ef^gjeYlagf ak lg Z] _an]f ak af^gje]\ g^ alk [gf^a\]flaYd fYlmj] Yf\ l`Yl kge] gj Ydd g^ km[` ?gf^a\]flaYd Ef^gjeYlagf eYq Z] hja[]+k]fkalan] af^gjeYlagf, .3). 9YcS\_cebU d_ ^e]RUbY^W cUbfYSU `b_fYTUbc (Y) =fq BafYf[] LYjlq eYq \ak[dgk] lg Yfq fYlagfYd gj afl]jfYlagfYd fmeZ]jaf_ k]jna[] hjgna\]j Yhhgafl]\ Zq l`Yl BafYf[] LYjlq lg hjgna\] a\]fla^a[Ylagf fmeZ]jaf_ k]jna[]k af j]kh][l g^ l`ak =_j]]e]fl* l`] BY[adalq Yf\-gj gf] gj egj] KZda_gjk l`] ^gddgoaf_ af^gjeYlagf8 (a) fYe]k g^ KZda_gjk9 (aa) [gmfljq g^ \gea[ad] g^ KZda_gjk9 (aaa) hdY[] g^ af[gjhgjYlagf g^ KZda_gjk9 (an) \Yl] g^ l`ak =_j]]e]fl9 (n) [dYmk] 20 (Governing law)9 (na) l`] fYe]k g^ l`] =_]fl Yf\ l`] =jjYf_]j9 (naa) \Yl] g^ ]Y[` Ye]f\e]fl Yf\ j]klYl]e]fl g^ l`ak =_j]]e]fl9 (naaa) Yegmflk g^* Yf\ fYe]k g^* l`] BY[adalq (Yf\ Yfq ljYf[`]k)9 (ap) Yegmfl g^ PglYd ?geeale]flk9 (p) [mjj]f[a]k g^ l`] BY[adalq9 (pa) lqh] g^ BY[adalq9 (paa) jYfcaf_ g^ BY[adalq9 (paaa) P]jeafYlagf @Yl] ^gj l`] BY[adalq9 (pan) [`Yf_]k lg Yfq g^ l`] af^gjeYlagf hj]nagmkdq kmhhda]\ hmjkmYfl lg [dYmk]k 16,1(Y)(a) lg 16,1(Y)(paaa)9 Yf\ (pn) km[` gl`]j af^gjeYlagf Y_j]]\ Z]lo]]f km[` BafYf[] LYjlq Yf\ l`] ?gehYfq* lg ]fYZd] km[` fmeZ]jaf_ k]jna[] hjgna\]j lg hjgna\] alk mkmYd kqf\a[Yl]\ dgYf fmeZ]jaf_ a\]fla^a[Ylagf k]jna[]k, (Z) P`] LYjla]k Y[cfgod]\_] Yf\ Y_j]] l`Yl ]Y[` a\]fla^a[Ylagf fmeZ]j Ykka_f]\ lg l`ak =_j]]e]fl* l`] BY[adalq Yf\-gj gf] gj egj] KZda_gjk Zq Y fmeZ]jaf_ k]jna[] hjgna\]j Yf\ l`] af^gjeYlagf Ykkg[aYl]\ oal` ]Y[` km[` fmeZ]j eYq Z] \ak[dgk]\ lg mk]jk g^ alk 1;5=487:"2:>69;<6"31-"++,/002%#%%**#(%..#+02'#)0+$)(&//%0. 

 

#/046.26.4n6:=?PERA< + BY[adala]k Y_j]]e]fl + Hmp^]j+ ATA?QPEKJ /26 k]jna[]k af Y[[gj\Yf[] oal` l`] klYf\Yj\ l]jek Yf\ [gf\alagfk g^ l`Yl fmeZ]jaf_ k]jna[] hjgna\]j, ([) P`] ?gehYfq j]hj]k]flk l`Yl fgf] g^ l`] af^gjeYlagf k]l gml af [dYmk]k 16,1(Y)(a) lg 16,1(Y)(pn) ak* fgj oadd Yl Yfq lae] Z]* mfhmZdak`]\ hja[]+k]fkalan] af^gjeYlagf, (\) P`] =_]fl k`Ydd fgla^q l`] ?gehYfq Yf\ l`] gl`]j BafYf[] LYjla]k g^8 (a) l`] fYe] g^ Yfq fmeZ]jaf_ k]jna[] hjgna\]j Yhhgafl]\ Zq l`] =_]fl af j]kh][l g^ l`ak =_j]]e]fl* l`] BY[adalq Yf\-gj gf] gj egj] KZda_gjk9 Yf\ (aa) l`] fmeZ]j gj* Yk l`] [Yk] eYq Z]* fmeZ]jk Ykka_f]\ lg l`ak =_j]]e]fl* l`] BY[adalq Yf\-gj gf] gj egj] KZda_gjk Zq km[` fmeZ]jaf_ k]jna[] hjgna\]j, .3)/ :^dYbU QWbUU]U^d P`ak [dYmk] 16 [gfklalml]k l`] ]flaj] Y_j]]e]fl Z]lo]]f l`] LYjla]k af j]dYlagf lg l`] gZda_Ylagfk g^ l`] BafYf[] LYjla]k mf\]j l`] BafYf[] @g[me]flk j]_Yj\af_ ?gf^a\]flaYd Ef^gjeYlagf Yf\ kmh]jk]\]k Yfq hj]nagmk Y_j]]e]fl* o`]l`]j ]phj]kk gj aehda]\* j]_Yj\af_ ?gf^a\]flaYd Ef^gjeYlagf, .3)0 >^cYTU Y^V_b]QdY_^ AY[` g^ l`] BafYf[] LYjla]k Y[cfgod]\_]k l`Yl kge] gj Ydd g^ l`] ?gf^a\]flaYd Ef^gjeYlagf ak gj eYq Z] hja[]+k]fkalan] af^gjeYlagf Yf\ l`Yl l`] mk] g^ km[` af^gjeYlagf eYq Z] j]_mdYl]\ gj hjg`aZal]\ Zq Yhhda[YZd] d]_akdYlagf af[dm\af_ k][mjala]k dYo j]dYlaf_ lg afka\]j \]Ydaf_ Yf\ eYjc]l YZmk] Yf\ ]Y[` g^ l`] BafYf[] LYjla]k mf\]jlYc]k fgl lg mk] Yfq ?gf^a\]flaYd Ef^gjeYlagf ^gj Yfq mfdYo^md hmjhgk], .3)1 C_dYVYSQdY_^ _V TYcS\_cebU AY[` g^ l`] BafYf[] LYjla]k Y_j]]k (lg l`] ]pl]fl h]jeall]\ Zq dYo Yf\ j]_mdYlagf) lg af^gje l`] ?gehYfq8 (Y) g^ l`] [aj[meklYf[]k g^ Yfq \ak[dgkmj] g^ ?gf^a\]flaYd Ef^gjeYlagf eY\] hmjkmYfl lg [dYmk] 16,0(Z)(n) ]p[]hl o`]j] km[` \ak[dgkmj] ak eY\] lg Yfq g^ l`] h]jkgfk j]^]jj]\ lg af l`Yl hYjY_jYh` \mjaf_ l`] gj\afYjq [gmjk] g^ alk kmh]jnakgjq gj j]_mdYlgjq ^mf[lagf9 Yf\ (Z) mhgf Z][geaf_ YoYj] l`Yl ?gf^a\]flaYd Ef^gjeYlagf `Yk Z]]f \ak[dgk]\ af Zj]Y[` g^ l`ak [dYmk] 16, .3)2 8_^dY^eY^W _R\YWQdY_^c P`] gZda_Ylagfk af l`ak [dYmk] 16 Yj] [gflafmaf_ Yf\* af hYjla[mdYj* k`Ydd kmjnan] Yf\ j]eYaf Zaf\af_ gf ]Y[` BafYf[] LYjlq ^gj Y h]jag\ g^ lo]dn] egfl`k ^jge l`] ]Yjda]j g^8 (Y) l`] \Yl] gf o`a[` Ydd Yegmflk hYqYZd] Zq l`] KZda_gjk mf\]j gj af [gff][lagf oal` l`ak =_j]]e]fl `Yn] Z]]f hYa\ af ^mdd Yf\ Ydd ?geeale]flk `Yn] Z]]f [Yf[]dd]\ gj gl`]joak] []Yk] lg Z] YnYadYZd]9 Yf\ (Z) l`] \Yl] gf o`a[` km[` BafYf[] LYjlq gl`]joak] []Yk]k lg Z] Y BafYf[] LYjlq, 1;5=487:"2:>69;<6"31-"++,/002%#%%**#(%..#+02'#)0+$)(&//%0. 

 

#/046.26.4n6:=?PERA< + BY[adala]k Y_j]]e]fl + Hmp^]j+ ATA?QPEKJ /27 .4) 8DC;>9:CI>6A>IN D; ;JC9>C< G6I:H .4), 8_^VYTU^dYQ\Ydi Q^T TYcS\_cebU (Y) P`] =_]fl Yf\ ]Y[` KZda_gj Y_j]] lg c]]h ]Y[` Bmf\af_ NYl] [gf^a\]flaYd Yf\ fgl lg \ak[dgk] al lg Yfqgf]* kYn] lg l`] ]pl]fl h]jeall]\ Zq [dYmk]k 17,/(Z) Yf\ 17,/([), (Z) P`] =_]fl eYq \ak[dgk]8 (a) Yfq Bmf\af_ NYl] lg l`] j]d]nYfl >gjjgo]j hmjkmYfl lg [dYmk] //,3 (Notification)9 Yf\ (aa) Yfq Bmf\af_ NYl] lg Yfq h]jkgf Yhhgafl]\ Zq al lg hjgna\] Y\eafakljYlagf k]jna[]k af j]kh][l g^ gf] gj egj] g^ l`] BafYf[] @g[me]flk lg l`] ]pl]fl f][]kkYjq lg ]fYZd] km[` k]jna[] hjgna\]j lg hjgna\] l`gk] k]jna[]k a^ l`] k]jna[] hjgna\]j lg o`ge l`Yl af^gjeYlagf ak lg Z] _an]f `Yk ]fl]j]\ aflg Y [gf^a\]flaYdalq Y_j]]e]fl kmZklYflaYddq af l`] ^gje g^ l`] HI= IYkl]j ?gf^a\]flaYdalq Qf\]jlYcaf_ ^gj Qk] Sal` =\eafakljYlagf-O]lld]e]fl O]jna[] Ljgna\]jk gj km[` gl`]j ^gje g^ [gf^a\]flaYdalq mf\]jlYcaf_ Y_j]]\ Z]lo]]f l`] =_]fl Yf\ l`] j]d]nYfl H]f\]j, ([) P`] =_]fl eYq \ak[dgk] Yfq Bmf\af_ NYl]* Yf\ ]Y[` KZda_gj eYq \ak[dgk] Yfq Bmf\af_ NYl]* lg8 (a) Yfq g^ alk =^^adaYl]k Yf\ Yfq g^ alk gj l`]aj g^^a[]jk* \aj][lgjk* ]ehdgq]]k* hjg^]kkagfYd Y\nak]jk* Ym\algjk* hYjlf]jk Yf\ N]hj]k]flYlan]k a^ Yfq h]jkgf lg o`ge l`Yl Bmf\af_ NYl] ak lg Z] _an]f hmjkmYfl lg l`ak [dYmk] 17,/([)(a) ak af^gje]\ af ojalaf_ g^ alk [gf^a\]flaYd fYlmj] Yf\ l`Yl al eYq Z] hja[]+ k]fkalan] af^gjeYlagf ]p[]hl l`Yl l`]j] k`Ydd Z] fg km[` j]imaj]e]fl lg kg af^gje a^ l`] j][aha]fl ak kmZb][l lg hjg^]kkagfYd gZda_Ylagfk lg eYaflYaf l`] [gf^a\]flaYdalq g^ l`Yl Bmf\af_ NYl] gj ak gl`]joak] Zgmf\ Zq j]imaj]e]flk g^ [gf^a\]flaYdalq af j]dYlagf lg al9 (aa) Yfq h]jkgf lg o`ge af^gjeYlagf ak j]imaj]\ gj j]im]kl]\ lg Z] \ak[dgk]\ Zq Yfq [gmjl g^ [geh]l]fl bmjak\a[lagf gj Yfq _gn]jfe]flYd* ZYfcaf_* lYpYlagf gj gl`]j j]_mdYlgjq Yml`gjalq gj kaeadYj Zg\q* l`] jmd]k g^ Yfq j]d]nYfl klg[c ]p[`Yf_] gj hmjkmYfl lg Yfq Yhhda[YZd] dYo gj j]_mdYlagf a^ l`] h]jkgf lg o`ge l`Yl Bmf\af_ NYl] ak lg Z] _an]f ak af^gje]\ af ojalaf_ g^ alk [gf^a\]flaYd fYlmj] Yf\ l`Yl al eYq Z] hja[]+k]fkalan] af^gjeYlagf ]p[]hl l`Yl l`]j] k`Ydd Z] fg j]imaj]e]fl lg kg af^gje a^* af l`] ghafagf g^ l`] =_]fl gj l`] j]d]nYfl KZda_gj* Yk l`] [Yk] eYq Z]* al ak fgl hjY[la[YZd] lg \g kg af l`] [aj[meklYf[]k9 (aaa) Yfq h]jkgf lg o`ge af^gjeYlagf ak j]imaj]\ lg Z] \ak[dgk]\ af [gff][lagf oal`* Yf\ ^gj l`] hmjhgk]k g^* Yfq dala_Ylagf* YjZaljYlagf* Y\eafakljYlan] gj gl`]j afn]kla_Ylagfk* hjg[]]\af_k gj \akhml]k a^ l`] h]jkgf lg o`ge l`Yl Bmf\af_ NYl] ak lg Z] _an]f ak af^gje]\ af ojalaf_ g^ alk [gf^a\]flaYd fYlmj] Yf\ l`Yl al eYq Z] hja[]+k]fkalan] af^gjeYlagf ]p[]hl l`Yl l`]j] k`Ydd Z] fg j]imaj]e]fl lg kg af^gje a^* af l`] ghafagf g^ l`] =_]fl gj l`] j]d]nYfl KZda_gj* Yk l`] [Yk] eYq Z]* al ak fgl hjY[la[YZd] lg \g kg af l`] [aj[meklYf[]k9 Yf\ (an) Yfq h]jkgf oal` l`] [gfk]fl g^ l`] j]d]nYfl H]f\]j, 1;5=487:"2:>69;<6"31-"++,/002%#%%**#(%..#+02'#)0+$)(&//%0. 

 

#/046.26.4n6:=?PERA< + BY[adala]k Y_j]]e]fl + Hmp^]j+ ATA?QPEKJ /3. .4)- GU\QdUT _R\YWQdY_^c (Y) P`] =_]fl Yf\ ]Y[` KZda_gj Y[cfgod]\_] l`Yl ]Y[` Bmf\af_ NYl] ak gj eYq Z] hja[]+ k]fkalan] af^gjeYlagf Yf\ l`Yl alk mk] eYq Z] j]_mdYl]\ gj hjg`aZal]\ Zq Yhhda[YZd] d]_akdYlagf af[dm\af_ k][mjala]k dYo j]dYlaf_ lg afka\]j \]Ydaf_ Yf\ eYjc]l YZmk] Yf\ l`] =_]fl Yf\ ]Y[` KZda_gj mf\]jlYc] fgl lg mk] Yfq Bmf\af_ NYl] ^gj Yfq mfdYo^md hmjhgk], (Z) P`] =_]fl Yf\ ]Y[` KZda_gj Y_j]] (lg l`] ]pl]fl h]jeall]\ Zq dYo Yf\ j]_mdYlagf) lg af^gje l`] j]d]nYfl H]f\]j8 (a) g^ l`] [aj[meklYf[]k g^ Yfq \ak[dgkmj] eY\] hmjkmYfl lg [dYmk] 17,/([)(aa) ]p[]hl o`]j] km[` \ak[dgkmj] ak eY\] lg Yfq g^ l`] h]jkgfk j]^]jj]\ lg af l`Yl [dYmk] \mjaf_ l`] gj\afYjq [gmjk] g^ alk kmh]jnakgjq gj j]_mdYlgjq ^mf[lagf9 Yf\ (aa) mhgf Z][geaf_ YoYj] l`Yl Yfq af^gjeYlagf `Yk Z]]f \ak[dgk]\ af Zj]Y[` g^ l`ak [dYmk] 17, .4). C_ :fU^d _V 9UVQe\d Jg An]fl g^ @]^Ymdl oadd g[[mj mf\]j [dYmk] 03,1 (Other obligations) Zq j]Ykgf gfdq g^ Yf KZda_gj'k ^Yadmj] lg [gehdq oal` l`ak [dYmk] 17, /+) 76>A(>C /+), 8_^dbQSdeQ\ bUS_W^YdY_^ _V 7QY\(>^ Jgloal`klYf\af_ Yfq gl`]j l]je g^ Yfq BafYf[] @g[me]fl gj Yfq gl`]j Y_j]]e]fl* YjjYf_]e]fl gj mf\]jklYf\af_ Z]lo]]f l`] LYjla]k* ]Y[` LYjlq Y[cfgod]\_]k Yf\ Y[[]hlk l`Yl Yfq daYZadalq g^ Yfq LYjlq lg Yfq gl`]j LYjlq mf\]j gj af [gff][lagf oal` l`] BafYf[] @g[me]flk eYq Z] kmZb][l lg >Yad+Ef =[lagf Zq l`] j]d]nYfl N]kgdmlagf =ml`gjalq Yf\ Y[cfgod]\_]k Yf\ Y[[]hlk lg Z] Zgmf\ Zq l`] ]^^][l g^8 (Y) Yfq >Yad+Ef =[lagf af j]dYlagf lg Yfq km[` daYZadalq* af[dm\af_ (oal`gml daealYlagf)8 (a) Y j]\m[lagf* af ^mdd gj af hYjl* af l`] hjaf[ahYd Yegmfl* gj gmlklYf\af_ Yegmfl \m] (af[dm\af_ Yfq Y[[jm]\ Zml mfhYa\ afl]j]kl) af j]kh][l g^ Yfq km[` daYZadalq9 (aa) Y [gfn]jkagf g^ Ydd* gj hYjl g^* Yfq km[` daYZadalq aflg k`Yj]k gj gl`]j afkljme]flk g^ gof]jk`ah l`Yl eYq Z] akkm]\ lg* gj [gf^]jj]\ gf* al9 Yf\ (aaa) Y [Yf[]ddYlagf g^ Yfq km[` daYZadalq9 Yf\ (Z) Y nYjaYlagf g^ Yfq l]je g^ Yfq BafYf[] @g[me]fl lg l`] ]pl]fl f][]kkYjq lg _an] ]^^][l lg Yfq >Yad+Ef =[lagf af j]dYlagf lg Yfq km[` daYZadalq, /+)- 7QY\(>^ TUVY^YdY_^c Ef l`ak [dYmk] 2.8 "6bdYS\U 00 7GG9" e]Yfk =jla[d] 33 g^ @aj][lan] 0./2-37-AQ ]klYZdak`af_ Y ^jYe]ogjc ^gj l`] j][gn]jq Yf\ j]kgdmlagf g^ [j]\al afklalmlagfk Yf\ afn]kle]fl ^ajek9 1;5=487:"2:>69;<6"31-"++,/002%#%%**#(%..#+02'#)0+$)(&//%0. 

 

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#/046.26.4n6:=?PERA< + BY[adala]k Y_j]]e]fl + Hmp^]j+ ATA?QPEKJ /35 N]Y\] IYfm^Y[lmjaf_ ?gehYfq Y [gehYfq ^gje]\ af @]dYoYj]* QO=* oal` [gehYfq fmeZ]j 0745060 Hmp^]j IY_l][` Ef[, Y [gehYfq ^gje]\ af @]dYoYj]* QO=* oal` [gehYfq fmeZ]j 331/00. Oljm[lmjYd ?gehgkal] Ef\mklja]k* HH? Y [gehYfq ^gje]\ af @]dYoYj]* QO=* oal` [gehYfq fmeZ]j 222.61/ EQbd -5 IXU DbYWY^Q\ AU^TUbc CQ]U _V DbYWY^Q\ AU^TUb 8_]]Yd]U^d IbUQdi EQcc`_bd cSXU]U bUVUbU^SU ^e]RUb Q^T ZebYcTYSdY_^ _V dQh bUcYTU^SU %YV Q``\YSQR\U& >JL LYjaZYk* Hgf\gf ZjYf[` QO@ 0.*...*... ?alaZYfc * J,=* Hgf\gf ZjYf[` QO@ 0.*...*... ?dq\]k\Yd] >Yfc Ld[ l-Y Ugjck`aj] >Yfc QO@ 0.*...*... Ba^l` P`aj\ >Yfc* JYlagfYd =kkg[aYlagf QO@ 0.*...*... /1-B-02045-@PPL QO= JYlagfYd S]kleafkl]j >Yfc Ld[ QO@ 0.*...*... 1;5=487:"2:>69;<6"31-"++,/002%#%%**#(%..#+02'#)0+$)(&//%0. 

 

#/046.26.4n6:=?PERA< + BY[adala]k Y_j]]e]fl + Hmp^]j+ ATA?QPEKJ /36 H8=:9JA: -5 8DC9>I>DCH EG:8:9:CI EQbd ,5 8_^TYdY_^c EbUSUTU^d d_ >^YdYQ\ JdY\YcQdY_^ ,) DbYWY^Q\ DR\YW_bc (Y) = [ghq g^ l`] [gfklalmlagfYd \g[me]flk g^ ]Y[` Kja_afYd KZda_gj* af[dm\af_ af j]dYlagf lg ]Y[` QO KZda_gj* []jla^a[Yl]k g^ _gg\ klYf\af_ (gj ]imanYd]fl)* akkm]\ Yk g^ Y j][]fl \Yl] Zq l`] O][j]lYjq g^ OlYl] gj gl`]j YhhjghjaYl] g^^a[aYd g^ km[` KZda_gj'k bmjak\a[lagf g^ af[gjhgjYlagf* gj_YfakYlagf gj ^gjeYlagf Yf\* a^ \a^^]j]fl* l`] bmjak\a[lagfk g^ alk hjaf[ahYd hdY[] g^ Zmkaf]kk Yf\ [`a]^ ]p][mlan] g^^a[], (Z) = [ghq g^ Y j]kgdmlagf g^ l`] ZgYj\ g^ \aj][lgjk g^ ]Y[` Kja_afYd KZda_gj8 (a) Yhhjgnaf_ l`] l]jek g^* Yf\ l`] ljYfkY[lagfk [gfl]ehdYl]\ Zq* l`] BafYf[] @g[me]flk lg o`a[` al ak Y hYjlq Yf\ j]kgdnaf_ l`Yl al ]p][ml] l`] BafYf[] @g[me]flk lg o`a[` al ak Y hYjlq9 (aa) Yml`gjakaf_ Y kh][a^a]\ h]jkgf gj h]jkgfk lg ]p][ml] l`] BafYf[] @g[me]flk lg o`a[` al ak Y hYjlq gf alk Z]`Yd^9 Yf\ (aaa) Yml`gjakaf_ Y kh][a^a]\ h]jkgf gj h]jkgfk* gf alk Z]`Yd^* lg ka_f Yf\-gj \]khYl[` Ydd \g[me]flk Yf\ fgla[]k (af[dm\af_* a^ j]d]nYfl* Yfq QladakYlagf N]im]kl) lg Z] ka_f]\ Yf\-gj \]khYl[`]\ Zq al mf\]j gj af [gff][lagf oal` l`] BafYf[] @g[me]flk lg o`a[` al ak Y hYjlq, ([) = kh][ae]f g^ l`] ka_fYlmj] g^ ]Y[` h]jkgf Yml`gjak]\ Zq l`] j]kgdmlagf j]^]jj]\ lg af hYjY_jYh` /(Z), (\) = [ghq g^ Y j]kgdmlagf ka_f]\ Zq Ydd l`] `gd\]jk g^ l`] akkm]\ k`Yj]k af ]Y[` Kja_afYd CmYjYflgj (]p[]hl ^gj l`] ?gehYfq)* Yhhjgnaf_ l`] l]jek g^* Yf\ l`] ljYfkY[lagfk [gfl]ehdYl]\ Zq* l`] BafYf[] @g[me]flk lg o`a[` l`] Kja_afYd CmYjYflgj ak Y hYjlq* ]p[]hl l`Yl af l`] [Yk] g^ Y QO KZda_gj* km[` Y j]kgdmlagf ak gfdq f][]kkYjq a^ j]imaj]\ Zq km[` QO KZda_gj'k [gfklalmlagfYd \g[me]flk gj Yhhda[YZd] dYo, (]) = []jla^a[Yl] g^ l`] ?gehYfq (ka_f]\ Zq Y \aj][lgj) [gf^ajeaf_8 (a) l`Yl Zgjjgoaf_ gj _mYjYfl]]af_* Yk YhhjghjaYl]* l`] PglYd ?geeale]flk ogmd\ fgl [Ymk] Yfq Zgjjgoaf_* _mYjYfl]]af_ gj kaeadYj daeal Zaf\af_ gf Yfq Kja_afYd KZda_gj lg Z] ]p[]]\]\9 (aa) l`] gh]faf_ IYj_af9 (aaa) l`] e]eZ]jk g^ l`] Cjgmh l`Yl Yj] IYl]jaYd ?gehYfa]k9 Yf\ (an) l`Yl l`] CmYjYflgj ?gn]jY_] P]kl ak kYlak^a]\, (^) = []jla^a[Yl] g^ Yf Yml`gjak]\ ka_fYlgjq g^ l`] j]d]nYfl Kja_afYd KZda_gj []jla^qaf_ l`Yl ]Y[` [ghq \g[me]fl j]dYlaf_ lg al kh][a^a]\ af l`ak hYjl / g^ k[`]\md] 0 ak [gjj][l* [gehd]l] Yf\ af ^mdd ^gj[] Yf\ ]^^][l Yk Yl Y \Yl] fg ]Yjda]j l`Yf l`] \Yl] g^ l`ak =_j]]e]fl, 1;5=487:"2:>69;<6"31-"++,/002%#%%**#(%..#+02'#)0+$)(&//%0. 

 

#/046.26.4n6:=?PERA< + BY[adala]k Y_j]]e]fl + Hmp^]j+ ATA?QPEKJ /37 -) ;Y^Q^SU 9_Se]U^dc (Y) P`ak Y_j]]e]fl ka_f]\ Zq l`] hYjla]k `]j]lg, (Z) =fq B]] H]ll]j, ([) = [gehd]l]\ QladakYlagf N]im]kl af j]kh][l g^ Yfq HgYfk lg Z] eY\] gf gj Yjgmf\ l`] \Yl] g^ l`ak =_j]]e]fl, .) AUWQ\ _`Y^Y_^c (Y) = d]_Yd ghafagf g^ Lafk]fl IYkgfk HHL* d]_Yd Y\nak]jk lg l`] =jjYf_]j Yf\ l`] =_]fl af Af_dYf\* kmZklYflaYddq af l`] ^gje \akljaZml]\ lg l`] Kja_afYd H]f\]jk hjagj lg ka_faf_ l`ak =_j]]e]fl, (Z) = d]_Yd ghafagf g^ @H= Lah]j QO HHL* d]_Yd Y\nak]jk lg l`] ?gehYfq af @]dYoYj]* J]o Ugjc Yf\ J]o F]jk]q kmZklYflaYddq af l`] ^gje \akljaZml]\ lg l`] Kja_afYd H]f\]jk hjagj lg ka_faf_ l`ak =_j]]e]fl, /) DdXUb T_Se]U^dc Q^T UfYTU^SU (Y) ?]jla^a]\ [gha]k g^ l`] Jgl] @g[me]flk dakl]\ Yl hYjY_jYh`k (Z) Yf\ ([) g^ l`] \]^afalagf g^ "Jgl] @g[me]flk", (Z) = [ghq g^ l`] Y_j]]\ ^gje k][gf\ Ye]f\]\ Yf\ j]klYl]\ fgl] hmj[`Yk] Yf\ hjanYl] k`]d^ Y_j]]e]fl af j]kh][l g^ l`] Jgl] @g[me]fl dakl]\ Yl hYjY_jYh` (Y) g^ l`] \]^afalagf g^ "Jgl] @g[me]flk", ([) Ana\]f[] l`Yl Yfq hjg[]kk Y_]fl j]^]jj]\ lg af [dYmk] 21,0 (Service of process)* a^ fgl Yf Kja_afYd KZda_gj* `Yk Y[[]hl]\ alk Yhhgafle]fl, (\) Ana\]f[] lg l`] kYlak^Y[lagf g^ l`] =_]fl g^ l`] ajj]ng[YZd] Yf\ mf[gf\alagfYd j]d]Yk] Yf\ \ak[`Yj_] g^ Ydd Apaklaf_ BafYf[aYd Ef\]Zl]\f]kk gf gj Z]^gj] l`] ^ajkl QladakYlagf @Yl] g^ l`] BY[adalq, (]) P`] Cjgmh Oljm[lmj] ?`Yjl, (^) P`] Kja_afYd BafYf[aYd OlYl]e]flk g^ ]Y[` Kja_afYd KZda_gj, (_) Ana\]f[] l`Yl l`] "know your customer" j]imaj]e]flk g^ ]Y[` BafYf[] LYjlq af j]kh][l g^ ]Y[` Kja_afYd KZda_gj `Yn] Z]]f kYlak^a]\, (`) Ana\]f[] l`Yl l`] ^]]k* [gklk Yf\ ]ph]fk]k l`]f \m] ^jge l`] ?gehYfq hmjkmYfl lg [dYmk] /2 (Fees) Yf\ [dYmk] /7 (Costs and expenses) `Yn] Z]]f hYa\ gj oadd Z] hYa\ Zq l`] ^ajkl QladakYlagf @Yl], (a) = [ghq g^ Yfq gl`]j =ml`gjakYlagf gj gl`]j \g[me]fl* ghafagf gj YkkmjYf[] o`a[` l`] =_]fl [gfka\]jk lg Z] f][]kkYjq gj \]kajYZd] (a^ al `Yk fgla^a]\ l`] ?gehYfq Y[[gj\af_dq) af [gff][lagf oal` l`] ]fljq aflg Yf\ h]j^gjeYf[] g^ l`] ljYfkY[lagfk [gfl]ehdYl]\ Zq Yfq BafYf[] @g[me]fl gj ^gj l`] nYda\alq Yf\ ]f^gj[]YZadalq g^ Yfq BafYf[] @g[me]fl, 1;5=487:"2:>69;<6"31-"++,/002%#%%**#(%..#+02'#)0+$)(&//%0. 

 

#/046.26.4n6:=?PERA< + BY[adala]k Y_j]]e]fl + Hmp^]j+ ATA?QPEKJ /4. EQbd -5 8_^TYdY_^c EbUSUTU^d bUaeYbUT d_ RU TU\YfUbUT Ri Q^ 6TTYdY_^Q\ DR\YW_b /, =f =[[]kkagf H]ll]j* \mdq ]p][ml]\ Zq l`] =\\alagfYd KZda_gj Yf\ l`] ?gehYfq, 0, = [ghq g^ l`] [gfklalmlagfYd \g[me]flk g^ l`] =\\alagfYd KZda_gj* af[dm\af_ af j]dYlagf lg ]Y[` Y[[]\af_ QO KZda_gj* []jla^a[Yl]k g^ _gg\ klYf\af_ (gj ]imanYd]fl)* akkm]\ Yk g^ Y j][]fl \Yl] Zq l`] O][j]lYjq g^ OlYl] gj gl`]j YhhjghjaYl] g^^a[aYd g^ km[` KZda_gj'k bmjak\a[lagf g^ af[gjhgjYlagf* gj_YfakYlagf gj ^gjeYlagf Yf\* a^ \a^^]j]fl* l`] bmjak\a[lagfk g^ alk hjaf[ahYd hdY[] g^ Zmkaf]kk Yf\ [`a]^ ]p][mlan] g^^a[], 1, = [ghq g^ Y j]kgdmlagf g^ l`] ZgYj\ g^ \aj][lgjk g^ l`] =\\alagfYd KZda_gj8 (Y) Yhhjgnaf_ l`] l]jek g^* Yf\ l`] ljYfkY[lagfk [gfl]ehdYl]\ Zq* l`] =[[]kkagf H]ll]j Yf\ l`] BafYf[] @g[me]flk Yf\ j]kgdnaf_ l`Yl al ]p][ml] l`] =[[]kkagf H]ll]j9 (Z) Yml`gjakaf_ Y kh][a^a]\ h]jkgf gj h]jkgfk lg ]p][ml] l`] =[[]kkagf H]ll]j gf alk Z]`Yd^9 Yf\ ([) Yml`gjakaf_ Y kh][a^a]\ h]jkgf gj h]jkgfk* gf alk Z]`Yd^* lg ka_f Yf\-gj \]khYl[` Ydd gl`]j \g[me]flk Yf\ fgla[]k (af[dm\af_* af j]dYlagf lg Yf =\\alagfYd >gjjgo]j* Yfq QladakYlagf N]im]kl) lg Z] ka_f]\ Yf\-gj \]khYl[`]\ Zq al mf\]j gj af [gff][lagf oal` l`] BafYf[] @g[me]flk, 2, = kh][ae]f g^ l`] ka_fYlmj] g^ ]Y[` h]jkgf Yml`gjak]\ Zq l`] j]kgdmlagf j]^]jj]\ lg af hYjY_jYh` 1, 3, = [ghq g^ Y j]kgdmlagf ka_f]\ Zq Ydd l`] `gd\]jk g^ l`] akkm]\ k`Yj]k g^ l`] =\\alagfYd CmYjYflgj (]p[]hl ^gj l`] ?gehYfq)* Yhhjgnaf_ l`] l]jek g^* Yf\ l`] ljYfkY[lagfk [gfl]ehdYl]\ Zq* l`] BafYf[] @g[me]flk lg o`a[` l`] =\\alagfYd CmYjYflgj ak Y hYjlq* ]p[]hl l`Yl af l`] [Yk] g^ Y QO KZda_gj* km[` Y j]kgdmlagf ak gfdq f][]kkYjq a^ j]imaj]\ Zq km[` QO KZda_gj'k [gfklalmlagfYd \g[me]flk gj Yhhda[YZd] dYo, 4, = []jla^a[Yl] g^ l`] =\\alagfYd KZda_gj (ka_f]\ Zq Y \aj][lgj* g^^a[]j gj gl`]j Yml`gjak]\ ka_fYlgjq) [gf^ajeaf_ l`Yl Zgjjgoaf_ gj _mYjYfl]]af_* Yk YhhjghjaYl]* l`] PglYd ?geeale]flk ogmd\ fgl [Ymk] Yfq Zgjjgoaf_* _mYjYfl]]af_ gj kaeadYj daeal Zaf\af_ gf al lg Z] ]p[]]\]\, 5, = []jla^a[Yl] g^ Yf Yml`gjak]\ ka_fYlgjq g^ l`] =\\alagfYd KZda_gj []jla^qaf_ l`Yl ]Y[` [ghq \g[me]fl dakl]\ af l`ak hYjl 0 g^ k[`]\md] 0 ak [gjj][l* [gehd]l] Yf\ af ^mdd ^gj[] Yf\ ]^^][l Yk Yl Y \Yl] fg ]Yjda]j l`Yf l`] \Yl] g^ l`] =[[]kkagf H]ll]j, 6, = [ghq g^ Yfq gl`]j =ml`gjakYlagf gj gl`]j \g[me]fl* ghafagf gj YkkmjYf[] o`a[` l`] =_]fl [gfka\]jk lg Z] f][]kkYjq gj \]kajYZd] af [gff][lagf oal` l`] ]fljq aflg Yf\ h]j^gjeYf[] g^ l`] ljYfkY[lagfk [gfl]ehdYl]\ Zq l`] =[[]kkagf H]ll]j gj ^gj l`] nYda\alq Yf\ ]f^gj[]YZadalq g^ Yfq BafYf[] @g[me]fl, 7, E^ YnYadYZd]* l`] dYl]kl Ym\al]\ ^afYf[aYd klYl]e]flk g^ l`] =\\alagfYd KZda_gj, /., = d]_Yd ghafagf g^ l`] d]_Yd Y\nak]jk lg l`] =jjYf_]j Yf\ l`] =_]fl af Af_dYf\, //, E^ l`] =\\alagfYd KZda_gj ak af[gjhgjYl]\ af Y bmjak\a[lagf gl`]j l`Yf Af_dYf\ Yf\ SYd]k* Y d]_Yd ghafagf g^ l`] d]_Yd Y\nak]jk lg l`] =jjYf_]j Yf\ l`] =_]fl af l`] bmjak\a[lagf af o`a[` l`] =\\alagfYd KZda_gj ak af[gjhgjYl]\ (gj af l`] [Yk] g^ Yfq =\\alagfYd KZda_gj l`Yl ak Y QO KZda_gj* l`] d]_Yd Y\nak]jk lg l`] QO KZda_gj), 1;5=487:"2:>69;<6"31-"++,/002%#%%**#(%..#+02'#)0+$)(&//%0. 

 

#/046.26.4n6:=?PERA< + BY[adala]k Y_j]]e]fl + Hmp^]j+ ATA?QPEKJ /4/ /0, E^ l`] hjghgk]\ =\\alagfYd KZda_gj ak af[gjhgjYl]\ af Y bmjak\a[lagf gl`]j l`Yf Af_dYf\ Yf\ SYd]k* ]na\]f[] l`Yl l`] hjg[]kk Y_]fl kh][a^a]\ af [dYmk] 21,0 (Service of process)* a^ fgl Yf KZda_gj* `Yk Y[[]hl]\ alk Yhhgafle]fl af j]dYlagf lg l`] hjghgk]\ =\\alagfYd KZda_gj, 1;5=487:"2:>69;<6"31-"++,/002%#%%**#(%..#+02'#)0+$)(&//%0. 

 

#/046.26.4n6:=?PERA< + BY[adala]k Y_j]]e]fl + Hmp^]j+ ATA?QPEKJ /40 H8=:9JA: .5 JI>A>H6I>DC G:FJ:HI Bjge8 VBorrowerW Pg8 VAgentW @Yl]\8 V" W 0.V"W @]Yj Oajk AJM;:G =DA9>C<H EA8 k #,++'+++'+++ BJAI>8JGG:C8N G:KDAK>C< ;68>A>IN 6<G::B:CI 96I:9 O P %I=: "6<G::B:CI"& /, S] j]^]j lg l`] =_j]]e]fl, P`ak ak Y QladakYlagf N]im]kl, P]jek \]^af]\ af l`] =_j]]e]fl `Yn] l`] kYe] e]Yfaf_ af l`ak QladakYlagf N]im]kl mfd]kk _an]f Y \a^^]j]fl e]Yfaf_ af l`ak QladakYlagf N]im]kl, 0, S] oak` lg Zgjjgo Y HgYf gf l`] ^gddgoaf_ l]jek8 Ljghgk]\ QladakYlagf @Yl]8 V" W 0.V"W (gj* a^ l`Yl ak fgl Y >mkaf]kk @Yq* l`] f]pl >mkaf]kk @Yq) ?mjj]f[q g^ HgYf8 V" W =egmfl8 V" W gj* a^ d]kk* l`] =nYadYZd] BY[adalq Efl]j]kl L]jag\8 V" W 1, S] [gf^aje l`Yl ]Y[` [gf\alagf kh][a^a]\ af [dYmk] 2,0 (Further conditions precedent) g^ l`] =_j]]e]fl ak kYlak^a]\ gf l`] \Yl] g^ l`ak QladakYlagf N]im]kl, 2, P`] hjg[]]\k g^ l`ak HgYf k`gmd\ Z] [j]\al]\ lg VaccountW, 3, P`ak QladakYlagf N]im]kl ak ajj]ng[YZd], Ugmjk ^Yal`^mddq XXXXXXXXXXXXXXXXXXXXXXXXXX Yml`gjak]\ ka_fYlgjq ^gj Vname of relevant BorrowerW 1;5=487:"2:>69;<6"31-"++,/002%#%%**#(%..#+02'#)0+$)(&//%0. 

 

#/046.26.4n6:=?PERA< + BY[adala]k Y_j]]e]fl + Hmp^]j+ ATA?QPEKJ /41 H8=:9JA: /5 ;DGB D; IG6CH;:G 8:GI>;>86I: Pg8 V W Yk =_]fl Bjge8 VThe Existing LenderW (l`] ":hYcdY^W AU^TUb") Yf\ VThe New LenderW (l`] "CUg AU^TUb") @Yl]\8 V" W 0.V"W AJM;:G =DA9>C<H EA8 k #,++'+++'+++ BJAI>8JGG:C8N G:KDAK>C< ;68>A>IN 6<G::B:CI 96I:9 O P %I=: "6<G::B:CI"& /, S] j]^]j lg l`] =_j]]e]fl, P`ak ak Y PjYfk^]j ?]jla^a[Yl], P]jek \]^af]\ af l`] =_j]]e]fl `Yn] l`] kYe] e]Yfaf_ af l`ak PjYfk^]j ?]jla^a[Yl] mfd]kk _an]f Y \a^^]j]fl e]Yfaf_ af l`ak PjYfk^]j ?]jla^a[Yl], 0, S] j]^]j lg [dYmk] 04,4 (Procedure for transfer) g^ l`] =_j]]e]fl8 (Y) P`] Apaklaf_ H]f\]j Yf\ l`] J]o H]f\]j Y_j]] lg l`] Apaklaf_ H]f\]j ljYfk^]jjaf_ lg l`] J]o H]f\]j Zq fgnYlagf* Yf\ af Y[[gj\Yf[] oal` [dYmk] 04,4 (Procedure for  transfer) g^ l`] =_j]]e]fl* Ydd g^ l`] Apaklaf_ H]f\]j'k ja_`lk Yf\ gZda_Ylagfk mf\]j l`] =_j]]e]fl Yf\ l`] gl`]j BafYf[] @g[me]flk o`a[` j]dYl] lg l`Yl hgjlagf g^ l`] Apaklaf_ H]f\]j'k ?geeale]fl Yf\ hYjla[ahYlagfk af HgYfk mf\]j l`] =_j]]e]fl Yk kh][a^a]\ af l`] k[`]\md], (Z) P`] hjghgk]\ PjYfk^]j @Yl] ak V" W, ([) P`] BY[adalq K^^a[] Yf\ Y\\j]kk Yf\ Yll]flagf \]lYadk ^gj fgla[]k g^ l`] J]o H]f\]j ^gj l`] hmjhgk]k g^ [dYmk] 11,0 (Addresses) g^ l`] =_j]]e]fl Yj] k]l gml af l`] k[`]\md], 1, P`] J]o H]f\]j ]phj]kkdq Y[cfgod]\_]k l`] daealYlagfk gf l`] Apaklaf_ H]f\]j'k gZda_Ylagfk k]l gml af [dYmk] 04,3([) g^ l`] =_j]]e]fl, 2, P`] J]o H]f\]j [gf^ajek* ^gj l`] Z]f]^al g^ l`] =_]fl Yf\ oal`gml daYZadalq lg Yfq KZda_gj* l`Yl al ak8 (Y) VY MmYda^qaf_ H]f\]j (gl`]j l`Yf Y Pj]Ylq H]f\]j)9W (Z) VY Pj]Ylq H]f\]j9W ([) Vfgl Y MmYda^qaf_ H]f\]jW 3, VP`] J]o H]f\]j [gf^ajek l`Yl l`] h]jkgf Z]f]^a[aYddq ]flald]\ lg afl]j]kl hYqYZd] lg l`Yl H]f\]j af j]kh][l g^ Yf Y\nYf[] mf\]j Y BafYf[] @g[me]fl ak ]al`]j8 (Y) Y [gehYfq j]ka\]fl af l`] Qfal]\ Gaf_\ge ^gj Qfal]\ Gaf_\ge lYp hmjhgk]k9 (Z) Y hYjlf]jk`ah ]Y[` e]eZ]j g^ o`a[` ak8 (a) Y [gehYfq kg j]ka\]fl af l`] Qfal]\ Gaf_\ge9 gj (aa) Y [gehYfq fgl kg j]ka\]fl af l`] Qfal]\ Gaf_\ge o`a[` [Yjja]k gf Y ljY\] af l`] Qfal]\ Gaf_\ge l`jgm_` Y h]jeYf]fl ]klYZdak`e]fl Yf\ o`a[` Zjaf_k aflg Y[[gmfl af [gehmlaf_ alk [`Yj_]YZd] hjg^alk (oal`af l`] e]Yfaf_ g^ 1;5=487:"2:>69;<6"31-"++,/002%#%%**#(%..#+02'#)0+$)(&//%0. 

 

#/046.26.4n6:=?PERA< + BY[adala]k Y_j]]e]fl + Hmp^]j+ ATA?QPEKJ /42 k][lagf /7 g^ l`] ?P=) l`] o`gd] g^ Yfq k`Yj] g^ afl]j]kl hYqYZd] af j]kh][l g^ l`Yl Y\nYf[] l`Yl ^Yddk lg al Zq j]Ykgf g^ LYjl /5 g^ l`] ?P=9 gj ([) Y [gehYfq fgl kg j]ka\]fl af l`] Qfal]\ Gaf_\ge o`a[` [Yjja]k gf Y ljY\] af l`] Qfal]\ Gaf_\ge l`jgm_` Y h]jeYf]fl ]klYZdak`e]fl Yf\ o`a[` Zjaf_k aflg Y[[gmfl afl]j]kl hYqYZd] af j]kh][l g^ l`Yl Y\nYf[] af [gehmlaf_ l`] [`Yj_]YZd] hjg^alk (oal`af l`] e]Yfaf_ g^ k][lagf /7 g^ l`] ?P=) g^ l`Yl [gehYfq,W 4, VP`] J]o H]f\]j [gf^ajek l`Yl al `gd\k Y hYkkhgjl mf\]j l`] DIN? @P Pj]Ylq LYkkhgjl k[`]e] (j]^]j]f[] fmeZ]j V" W) Yf\ ak lYp j]ka\]fl af V" W* kg l`Yl afl]j]kl hYqYZd] lg al Zq Zgjjgo]jk ak _]f]jYddq kmZb][l lg ^mdd ]p]ehlagf ^jge QG oal``gd\af_ lYp* Yf\ j]im]klk l`Yl l`] ?gehYfq fgla^q8 (Y) ]Y[` >gjjgo]j o`a[` ak Y LYjlq Yk Y >gjjgo]j Yk Yl l`] PjYfk^]j @Yl]9 Yf\ (Z) ]Y[` =\\alagfYd >gjjgo]j o`a[` Z][ge]k Yf =\\alagfYd >gjjgo]j Y^l]j l`] PjYfk^]j @Yl]* l`Yl al oak`]k l`Yl k[`]e] lg Yhhdq lg l`] =_j]]e]fl,W 5, P`ak PjYfk^]j ?]jla^a[Yl] eYq Z] ]p][ml]\ af Yfq fmeZ]j g^ [gmfl]jhYjlk Yf\ l`ak `Yk l`] kYe] ]^^][l Yk a^ l`] ka_fYlmj]k gf l`] [gmfl]jhYjlk o]j] gf Y kaf_d] [ghq g^ l`ak PjYfk^]j ?]jla^a[Yl], 6, P`ak PjYfk^]j ?]jla^a[Yl] Yf\ Yfq fgf+[gfljY[lmYd gZda_Ylagfk Yjakaf_ gml g^ gj af [gff][lagf oal` al Yj] _gn]jf]\ Zq Af_dak` dYo, 7, P`ak PjYfk^]j ?]jla^a[Yl] `Yk Z]]f ]fl]j]\ aflg gf l`] \Yl] klYl]\ Yl l`] Z]_affaf_ g^ l`ak PjYfk^]j ?]jla^a[Yl], 1;5=487:"2:>69;<6"31-"++,/002%#%%**#(%..#+02'#)0+$)(&//%0. 

 

#/046.26.4n6:=?PERA< + BY[adala]k Y_j]]e]fl + Hmp^]j+ ATA?QPEKJ /43 I=: H8=:9JA: 8_]]Yd]U^d*bYWXdc Q^T _R\YWQdY_^c d_ RU dbQ^cVUbbUT VInsert relevant detailsW VFacility Office address and attention details for notices and account details for paymentsW VExisting LenderW VNew LenderW >q8 XXXXXXXXXXXXXXXXXXXXXXXXXXXXX >q8 XXXXXXXXXXXXXXXXXXXXXXXXXXXXX P`ak PjYfk^]j ?]jla^a[Yl] ak Y[[]hl]\ Zq l`] =_]fl Yf\ l`] PjYfk^]j @Yl] ak [gf^aje]\ Yk V" W 0.V"W, VAgentW >q8 1;5=487:"2:>69;<6"31-"++,/002%#%%**#(%..#+02'#)0+$)(&//%0. 

 

#/046.26.4n6:=?PERA< + BY[adala]k Y_j]]e]fl + Hmp^]j+ ATA?QPEKJ /44 H8=:9JA: 05 ;DGB D; 6HH><CB:CI 6<G::B:CI Pg8 V" W Yk =_]fl Yf\ V" W Yk ?gehYfq* ^gj Yf\ gf Z]`Yd^ g^ ]Y[` KZda_gj Bjge8 Vthe Existing LenderW (l`] ":hYcdY^W AU^TUb") Yf\ Vthe New LenderW (l`] "CUg AU^TUb") @Yl]\8 V" W 0.V"W AJM;:G =DA9>C<H EA8 k #,++'+++'+++ BJAI>8JGG:C8N G:KDAK>C< ;68>A>IN 6<G::B:CI 96I:9 O P %I=: "6<G::B:CI"& /, S] j]^]j lg l`] =_j]]e]fl, P`ak ak Yf =kka_fe]fl =_j]]e]fl, P]jek \]^af]\ af l`] =_j]]e]fl `Yn] l`] kYe] e]Yfaf_ af l`ak =kka_fe]fl =_j]]e]fl mfd]kk _an]f Y \a^^]j]fl e]Yfaf_ af l`ak =kka_fe]fl =_j]]e]fl, 0, S] j]^]j lg [dYmk] 04,5 (Procedure for assignment) g^ l`] =_j]]e]fl8 (Y) P`] Apaklaf_ H]f\]j Ykka_fk YZkgdml]dq lg l`] J]o H]f\]j Ydd l`] ja_`lk g^ l`] Apaklaf_ H]f\]j mf\]j l`] =_j]]e]fl Yf\ l`] gl`]j BafYf[] @g[me]flk o`a[` j]dYl] lg l`Yl hgjlagf g^ l`] Apaklaf_ H]f\]j'k ?geeale]fl Yf\ hYjla[ahYlagfk af HgYfk mf\]j l`] =_j]]e]fl Yk kh][a^a]\ af l`] k[`]\md], (Z) P`] Apaklaf_ H]f\]j ak j]d]Yk]\ ^jge Ydd l`] gZda_Ylagfk g^ l`] Apaklaf_ H]f\]j o`a[` [gjj]khgf\ lg l`Yl hgjlagf g^ l`] Apaklaf_ H]f\]j'k ?geeale]fl Yf\ hYjla[ahYlagfk af HgYfk mf\]j l`] =_j]]e]fl kh][a^a]\ af l`] k[`]\md], ([) P`] J]o H]f\]j Z][ge]k Y LYjlq Yk Y H]f\]j Yf\ ak Zgmf\ Zq gZda_Ylagfk ]imanYd]fl lg l`gk] ^jge o`a[` l`] Apaklaf_ H]f\]j ak j]d]Yk]\ mf\]j hYjY_jYh` 0(Z), 1, P`] hjghgk]\ PjYfk^]j @Yl] ak V" W, 2, Kf l`] PjYfk^]j @Yl] l`] J]o H]f\]j Z][ge]k LYjlq lg l`] BafYf[] @g[me]flk Yk Y H]f\]j, 3, P`] BY[adalq K^^a[] Yf\ Y\\j]kk Yf\ Yll]flagf \]lYadk ^gj fgla[]k g^ l`] J]o H]f\]j ^gj l`] hmjhgk]k g^ [dYmk] 11,0 (Addresses) g^ l`] =_j]]e]fl Yj] k]l gml af l`] k[`]\md], 4, P`] J]o H]f\]j ]phj]kkdq Y[cfgod]\_]k l`] daealYlagfk gf l`] Apaklaf_ H]f\]j'k gZda_Ylagfk k]l gml af [dYmk] 04,3([) g^ l`] =_j]]e]fl, 5, P`] J]o H]f\]j [gf^ajek* ^gj l`] Z]f]^al g^ l`] =_]fl Yf\ oal`gml daYZadalq lg Yfq KZda_gj* l`Yl al ak8 (Y) VY MmYda^qaf_ H]f\]j (gl`]j l`Yf Y Pj]Ylq H]f\]j)9W (Z) VY Pj]Ylq H]f\]j9W ([) Vfgl Y MmYda^qaf_ H]f\]jW, 6, VP`] J]o H]f\]j [gf^ajek l`Yl l`] h]jkgf Z]f]^a[aYddq ]flald]\ lg afl]j]kl hYqYZd] lg l`Yl H]f\]j af j]kh][l g^ Yf Y\nYf[] mf\]j Y BafYf[] @g[me]fl ak ]al`]j8 (Y) Y [gehYfq j]ka\]fl af l`] Qfal]\ Gaf_\ge ^gj Qfal]\ Gaf_\ge lYp hmjhgk]k9 gj 1;5=487:"2:>69;<6"31-"++,/002%#%%**#(%..#+02'#)0+$)(&//%0. 

 

#/046.26.4n6:=?PERA< + BY[adala]k Y_j]]e]fl + Hmp^]j+ ATA?QPEKJ /45 (Z) Y hYjlf]jk`ah ]Y[` e]eZ]j g^ o`a[` ak8 (a) Y [gehYfq kg j]ka\]fl af l`] Qfal]\ Gaf_\ge9 gj (aa) Y [gehYfq fgl kg j]ka\]fl af l`] Qfal]\ Gaf_\ge o`a[` [Yjja]k gf Y ljY\] af l`] Qfal]\ Gaf_\ge l`jgm_` Y h]jeYf]fl ]klYZdak`e]fl Yf\ o`a[` Zjaf_k aflg Y[[gmfl af [gehmlaf_ alk [`Yj_]YZd] hjg^alk (oal`af l`] e]Yfaf_ g^ k][lagf /7 g^ l`] ?P=) l`] o`gd] g^ Yfq k`Yj] g^ afl]j]kl hYqYZd] af j]kh][l g^ l`Yl Y\nYf[] l`Yl ^Yddk lg al Zq j]Ykgf g^ LYjl /5 g^ l`] ?P=9 gj ([) Y [gehYfq fgl kg j]ka\]fl af l`] Qfal]\ Gaf_\ge o`a[` [Yjja]k gf Y ljY\] af l`] Qfal]\ Gaf_\ge l`jgm_` Y h]jeYf]fl ]klYZdak`e]fl Yf\ o`a[` Zjaf_k aflg Y[[gmfl afl]j]kl hYqYZd] af j]kh][l g^ l`Yl Y\nYf[] af [gehmlaf_ l`] [`Yj_]YZd] hjg^alk (oal`af l`] e]Yfaf_ g^ k][lagf /7 g^ l`] ?P=) g^ l`Yl [gehYfq,W 7, VP`] J]o H]f\]j [gf^ajek l`Yl al `gd\k Y hYkkhgjl mf\]j l`] DIN? @P Pj]Ylq LYkkhgjl k[`]e] (j]^]j]f[] fmeZ]j V" W) Yf\ ak lYp j]ka\]fl af V" W* kg l`Yl afl]j]kl hYqYZd] lg al Zq Zgjjgo]jk ak _]f]jYddq kmZb][l lg ^mdd ]p]ehlagf ^jge QG oal``gd\af_ lYp* Yf\ j]im]klk l`Yl l`] ?gehYfq fgla^q8 (Y) ]Y[` >gjjgo]j o`a[` ak Y LYjlq Yk Y >gjjgo]j Yk Yl l`] PjYfk^]j @Yl]9 Yf\ (Z) ]Y[` =\\alagfYd >gjjgo]j o`a[` Z][ge]k Yf =\\alagfYd >gjjgo]j Y^l]j l`] PjYfk^]j @Yl]* l`Yl al oak`]k l`Yl k[`]e] lg Yhhdq lg l`] =_j]]e]fl,W V6-7W P`ak =kka_fe]fl =_j]]e]fl Y[lk Yk fgla[] lg l`] =_]fl (gf Z]`Yd^ g^ ]Y[` BafYf[] LYjlq) Yf\* mhgf \]dan]jq af Y[[gj\Yf[] oal` [dYmk] 04,6 (Copy of Transfer Certificate, Assignment  Agreement or Increase Confirmation to Company) g^ l`] =_j]]e]fl lg l`] ?gehYfq (gf Z]`Yd^ g^ ]Y[` KZda_gj) g^ l`] Ykka_fe]fl j]^]jj]\ lg af l`ak =kka_fe]fl =_j]]e]fl, V7-/.W P`ak =kka_fe]fl =_j]]e]fl eYq Z] ]p][ml]\ af Yfq fmeZ]j g^ [gmfl]jhYjlk Yf\ l`ak `Yk l`] kYe] ]^^][l Yk a^ l`] ka_fYlmj]k gf l`] [gmfl]jhYjlk o]j] gf Y kaf_d] [ghq g^ l`ak =kka_fe]fl =_j]]e]fl, V/.-//W P`ak =kka_fe]fl =_j]]e]fl Yf\ Yfq fgf+[gfljY[lmYd gZda_Ylagfk Yjakaf_ gml g^ gj af [gff][lagf oal` al Yj] _gn]jf]\ Zq Af_dak` dYo, V//-/0W P`ak =kka_fe]fl =_j]]e]fl `Yk Z]]f ]fl]j]\ aflg gf l`] \Yl] klYl]\ Yl l`] Z]_affaf_ g^ l`ak =kka_fe]fl =_j]]e]fl, 1;5=487:"2:>69;<6"31-"++,/002%#%%**#(%..#+02'#)0+$)(&//%0. 

 

#/046.26.4n6:=?PERA< + BY[adala]k Y_j]]e]fl + Hmp^]j+ ATA?QPEKJ /46 I=: H8=:9JA: GYWXdc d_ RU QccYW^UT Q^T _R\YWQdY_^c d_ RU bU\UQcUT Q^T e^TUbdQ[U^ VInsert relevant detailsW VFacility Office address and attention details for notices and account details for paymentsW VExisting LenderW VNew LenderW >q8 >q8 P`ak =kka_fe]fl =_j]]e]fl ak Y[[]hl]\ Zq l`] =_]fl Yf\ l`] PjYfk^]j @Yl] ak [gf^aje]\ Yk V" W, Oa_fYlmj] g^ l`ak =kka_fe]fl =_j]]e]fl Zq l`] =_]fl [gfklalml]k [gf^ajeYlagf Zq l`] =_]fl g^ j][]ahl g^ fgla[] g^ l`] Ykka_fe]fl j]^]jj]\ lg `]j]af* o`a[` fgla[] l`] =_]fl j][]an]k gf Z]`Yd^ g^ ]Y[` BafYf[] LYjlq, VAgentW >q8 1;5=487:"2:>69;<6"31-"++,/002%#%%**#(%..#+02'#)0+$)(&//%0. 

 

#/046.26.4n6:=?PERA< + BY[adala]k Y_j]]e]fl + Hmp^]j+ ATA?QPEKJ /47 H8=:9JA: 15 ;DGB D; 688:HH>DC A:II:G Pg8 V W Yk =_]fl Bjge8 VSubsidiaryW Yf\ VCompanyW @Yl]\8 V" W 0.V"W @]Yj Oajk AJM;:G =DA9>C<H EA8 k #,++'+++'+++ BJAI>8JGG:C8N G:KDAK>C< ;68>A>IN 6<G::B:CI 96I:9 O P %I=: "6<G::B:CI"& /, S] j]^]j lg l`] =_j]]e]fl, P`ak ak Yf =[[]kkagf H]ll]j, P]jek \]^af]\ af l`] =_j]]e]fl `Yn] l`] kYe] e]Yfaf_ af l`ak =[[]kkagf H]ll]j mfd]kk _an]f Y \a^^]j]fl e]Yfaf_ af l`ak =[[]kkagf H]ll]j, 0, VSubsidiaryW Y_j]]k lg Z][ge] Yf =\\alagfYd V>gjjgo]jWVCmYjYflgjW Yf\ lg Z] Zgmf\ Zq l`] l]jek g^ l`] =_j]]e]fl Yk Yf =\\alagfYd V>gjjgo]jWVCmYjYflgjW hmjkmYfl lg V[dYmk] 05,0 (Additional Borrowers)W V[dYmk] 05,2 (Additional Guarantors)W g^ l`] =_j]]e]fl, VSubsidiaryW ak Y [gehYfq \mdq af[gjhgjYl]\ mf\]j l`] dYok g^ Vname of relevant jurisdictionW, 1, VP`] ?gehYfq [gf^ajek l`Yl fg @]^Ymdl ak [gflafmaf_ gj ogmd\ g[[mj Yk Y j]kmdl g^ VSubsidiaryW Z][geaf_ Yf =\\alagfYd >gjjgo]j,W 2, VSubsidiary'sW Y\eafakljYlan] \]lYadk Yj] Yk ^gddgok8 =\\j]kk8 V" W =ll]flagf8 V" W 3, P`ak =[[]kkagf H]ll]j Yf\ Yfq fgf+[gfljY[lmYd gZda_Ylagfk Yjakaf_ gml g^ gj af [gff][lagf oal` al Yj] _gn]jf]\ Zq Af_dak` dYo, VP`ak =[[]kkagf H]ll]j ak ]fl]j]\ aflg Zq \]]\,W VCompanyW VSubsidiaryW >q8 XXXXXXXXXXXXXXXXXXXXXXXXXX >q8 XXXXXXXXXXXXXXXXXXXXXXXXXX 1;5=487:"2:>69;<6"31-"++,/002%#%%**#(%..#+02'#)0+$)(&//%0. 

 

#/046.26.4n6:=?PERA< + BY[adala]k Y_j]]e]fl + Hmp^]j+ ATA?QPEKJ /5. H8=:9JA: 25 ;DGB D; G:H><C6I>DC A:II:G Pg8 V" W Yk =_]fl Bjge8 Vresigning ObligorW Yf\ AJM;:G =DA9>C<H EA8 @Yl]\8 V" W 0.V"W @]Yj Oajk AJM;:G =DA9>C<H EA8 k #,++'+++'+++ BJAI>8JGG:C8N G:KDAK>C< ;68>A>IN 6<G::B:CI 96I:9 O P %I=: "6<G::B:CI"& /, S] j]^]j lg l`] =_j]]e]fl, P`ak ak Y N]ka_fYlagf H]ll]j, P]jek \]^af]\ af l`] =_j]]e]fl `Yn] l`] kYe] e]Yfaf_ af l`ak N]ka_fYlagf H]ll]j mfd]kk _an]f Y \a^^]j]fl e]Yfaf_ af l`ak N]ka_fYlagf H]ll]j, 0, LmjkmYfl lg V[dYmk] 05,1 (Resignation of a Borrower)W-V[dYmk] 05,4 (Resignation of a  Guarantor)W g^ l`] =_j]]e]fl* o] j]im]kl l`Yl Vresigning ObligorW Z] j]d]Yk]\ ^jge alk gZda_Ylagfk Yk Y V>gjjgo]jWVCmYjYflgjW mf\]j l`] =_j]]e]fl, 1, S] [gf^aje l`Yl8 (Y) fg @]^Ymdl ak [gflafmaf_ gj ogmd\ j]kmdl ^jge l`] Y[[]hlYf[] g^ l`ak j]im]kl9 Yf\ (Z) VspecifyW 2, P`ak N]ka_fYlagf H]ll]j Yf\ Yfq fgf+[gfljY[lmYd gZda_Ylagfk Yjakaf_ gml g^ gj af [gff][lagf oal` al Yj] _gn]jf]\ Zq Af_dak` dYo, AJM;:G =DA9>C<H EA8 VSubsidiaryW >q8 XXXXXXXXXXXXXXXXXXXXXXXXXX >q8 XXXXXXXXXXXXXXXXXXXXXXXXXX 1;5=487:"2:>69;<6"31-"++,/002%#%%**#(%..#+02'#)0+$)(&//%0. 

 

#/046.26.4n6:=?PERA< + BY[adala]k Y_j]]e]fl + Hmp^]j+ ATA?QPEKJ /5/ H8=:9JA: 35 ;DGB D; 8DBEA>6C8: 8:GI>;>86I: Pg8 V" W Yk =_]fl Bjge8 AJM;:G =DA9>C<H EA8 @Yl]\8 V" W 0.V"W @]Yj Oajk AJM;:G =DA9>C<H EA8 k #,++'+++'+++ BJAI>8JGG:C8N G:KDAK>C< ;68>A>IN 6<G::B:CI 96I:9 O P %I=: "6<G::B:CI"& /, S] j]^]j lg l`] =_j]]e]fl, P`ak ak Y ?gehdaYf[] ?]jla^a[Yl], P]jek \]^af]\ af l`] =_j]]e]fl `Yn] l`] kYe] e]Yfaf_ o`]f mk]\ af l`ak ?gehdaYf[] ?]jla^a[Yl] mfd]kk _an]f Y \a^^]j]fl e]Yfaf_ af l`ak ?gehdaYf[] ?]jla^a[Yl], 0, S] [gf^aje l`Yl8 (Y) H]n]jY_] ak 8 (Z) Efl]j]kl ?gn]j ak 8 1, Bgj l`] N]d]nYfl L]jag\ ]f\af_ V"W* H]n]jY_] oYk V"W8/ Yf\ l`]j]^gj] l`] IYj_af k`Ydd Z] V"W%, 2, VS] [gf^aje l`Yl fg @]^Ymdl ak [gflafmaf_,W/ Oa_f]\8 @aj][lgj-^afYf[aYd [gfljgdd]j g^ VCompanyW XXXXXXXXXXXXXXXXXXXXXXXXX ^gj Yf\ gf Z]`Yd^ g^ AJM;:G =DA9>C<H EA8 /E^ l`ak klYl]e]fl [Yffgl Z] eY\]* l`] ?gehdaYf[] ?]jla^a[Yl] k`gmd\ a\]fla^q Yfq @]^Ymdl l`Yl ak [gflafmaf_ Yf\ l`] kl]hk* a^ Yfq* Z]af_ lYc]f lg j]e]\q al, 1;5=487:"2:>69;<6"31-"++,/002%#%%**#(%..#+02'#)0+$)(&//%0. 

 

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#/046.26.4n6:=?PERA< + BY[adala]k Y_j]]e]fl + Hmp^]j+ ATA?QPEKJ /51 H8=:9JA: ,+5 I>B:I67A:H A_Q^c Y^ Ueb_ Q^T JH9 A_Q^c Y^ cdUb\Y^W A_Q^c Y^ _dXUb SebbU^SYUc =_]fl fgla^a]k l`] ?gehYfq a^ Y [mjj]f[q ak Yhhjgn]\ Yk Yf KhlagfYd ?mjj]f[q af Y[[gj\Yf[] oal` [dYmk] 2,1 (Conditions relating to  Optional Currencies) + + Q+2 @]dan]jq g^ Y \mdq [gehd]l]\ QladakYlagf N]im]kl ([dYmk] 3,/ (Delivery of a Utilisation Request)) Q+1 7,1.Ye Q+/ 7,1.Ye Q+1 7,1.Ye =_]fl \]l]jeaf]k (af j]dYlagf lg Y QladakYlagf) l`] >Yk] ?mjj]f[q =egmfl g^ l`] HgYf* a^ j]imaj]\ mf\]j [dYmk] 3,2 (Lenders'  participation) Yf\ fgla^a]k l`] H]f\]jk g^ l`] HgYf af Y[[gj\Yf[] oal` [dYmk] 3,2 (Lenders'  participation) Q+1 Jggf Q+/ Jggf Q+1 Jggf =_]fl j][]an]k Y fgla^a[Ylagf ^jge Y H]f\]j mf\]j [dYmk] 4,0 (Unavailability of a currency) MmglYlagf @Yq 7,1.Ye + MmglYlagf @Yq 7,1.Ye =_]fl _an]k fgla[] af Y[[gj\Yf[] oal` [dYmk] 4,0 (Unavailability of a  currency) MmglYlagf @Yq 3,1.he + MmglYlagf @Yq 3,1.he AQNE>KN ak ^ap]\ MmglYlagf @Yq //,..Ye (>jmkk]dk lae]) af j]kh][l g^ AQNE>KN + MmglYlagf @Yq //,..Ye "Q" ; \Yl] g^ mladakYlagf, "Q v T" ; T >mkaf]kk @Yqk hjagj lg \Yl] g^ mladakYlagf 1;5=487:"2:>69;<6"31-"++,/002%#%%**#(%..#+02'#)0+$)(&//%0. 

 

#/046.26.4n6:=?PERA< + BY[adala]k Y_j]]e]fl + Hmp^]j+ ATA?QPEKJ /52 H8=:9JA: ,,5 ;DGB D; >C8G:6H: 8DC;>GB6I>DC Pg8 V" W Yk =_]fl Yf\ AJM;:G =DA9>C<H EA8 Yk ?gehYfq* ^gj Yf\ gf Z]`Yd^ g^ ]Y[` KZda_gj Bjge8 Vthe Increase LenderW (l`] ">^SbUQcU AU^TUb") @Yl]\8 V" W 0.V"W AJM;:G =DA9>C<H EA8 k #,++'+++'+++ BJAI>8JGG:C8N G:KDAK>C< ;68>A>IN 6<G::B:CI 96I:9 O P %I=: "6<G::B:CI"& /, S] j]^]j lg l`] =_j]]e]fl, P`ak ak Yf Ef[j]Yk] ?gf^ajeYlagf, P]jek \]^af]\ af l`] =_j]]e]fl `Yn] l`] kYe] e]Yfaf_ af l`ak Ef[j]Yk] ?gf^ajeYlagf mfd]kk _an]f Y \a^^]j]fl e]Yfaf_ af l`ak Ef[j]Yk] ?gf^ajeYlagf, 0, S] j]^]j lg [dYmk] 0,0 (Increase) g^ l`] =_j]]e]fl, 1, P`] Ef[j]Yk] H]f\]j Y_j]]k lg Ykkme] Yf\ oadd Ykkme] Ydd g^ l`] gZda_Ylagfk [gjj]khgf\af_ lg l`] ?geeale]fl kh][a^a]\ af l`] O[`]\md] (l`] "GU\UfQ^d 8_]]Yd]U^d") Yk a^ al `Y\ Z]]f Yf Kja_afYd H]f\]j mf\]j l`] =_j]]e]fl af j]kh][l g^ l`] N]d]nYfl ?geeale]fl, 2, P`] hjghgk]\ \Yl] gf o`a[` l`] af[j]Yk] af j]dYlagf lg l`] Ef[j]Yk] H]f\]j Yf\ l`] N]d]nYfl ?geeale]fl ak lg lYc] ]^^][l (l`] ">^SbUQcU 9QdU") ak V" W, 3, Kf l`] Ef[j]Yk] @Yl]* l`] Ef[j]Yk] H]f\]j Z][ge]k hYjlq lg l`] BafYf[] @g[me]flk Yk Y H]f\]j, 4, P`] BY[adalq K^^a[] Yf\ Y\\j]kk Yf\ Yll]flagf \]lYadk ^gj fgla[]k lg l`] Ef[j]Yk] H]f\]j ^gj l`] hmjhgk]k g^ [dYmk] 11,0 (Addresses) g^ l`] =_j]]e]fl Yj] k]l gml af l`] k[`]\md], 5, P`] Ef[j]Yk] H]f\]j ]phj]kkdq Y[cfgod]\_]k l`] daealYlagfk gf l`] H]f\]jk' gZda_Ylagfk j]^]jj]\ lg af [dYmk] 0,0(a) g^ l`] =_j]]e]fl, 6, P`] Ef[j]Yk] H]f\]j [gf^ajek* ^gj l`] Z]f]^al g^ l`] =_]fl Yf\ oal`gml daYZadalq lg Yfq KZda_gj* l`Yl al ak8 (Y) VY MmYda^qaf_ H]f\]j (gl`]j l`Yf Y Pj]Ylq H]f\]j)9W (Z) VY Pj]Ylq H]f\]j9W ([) Vfgl Y MmYda^qaf_ H]f\]jW, 7, VP`] Ef[j]Yk] H]f\]j [gf^ajek l`Yl l`] h]jkgf Z]f]^a[aYddq ]flald]\ lg afl]j]kl hYqYZd] lg l`Yl H]f\]j af j]kh][l g^ Yf Y\nYf[] mf\]j Y BafYf[] @g[me]fl ak ]al`]j8 (Y) Y [gehYfq j]ka\]fl af l`] Qfal]\ Gaf_\ge ^gj Qfal]\ Gaf_\ge lYp hmjhgk]k9 (Z) Y hYjlf]jk`ah ]Y[` e]eZ]j g^ o`a[` ak8 (a) Y [gehYfq kg j]ka\]fl af l`] Qfal]\ Gaf_\ge9 gj (aa) Y [gehYfq fgl kg j]ka\]fl af l`] Qfal]\ Gaf_\ge o`a[` [Yjja]k gf Y ljY\] af l`] Qfal]\ Gaf_\ge l`jgm_` Y h]jeYf]fl ]klYZdak`e]fl Yf\ o`a[` Zjaf_k 1;5=487:"2:>69;<6"31-"++,/002%#%%**#(%..#+02'#)0+$)(&//%0. 

 

#/046.26.4n6:=?PERA< + BY[adala]k Y_j]]e]fl + Hmp^]j+ ATA?QPEKJ /53 aflg Y[[gmfl af [gehmlaf_ alk [`Yj_]YZd] hjg^alk (oal`af l`] e]Yfaf_ g^ k][lagf /7 g^ l`] ?P=) l`] o`gd] g^ Yfq k`Yj] g^ afl]j]kl hYqYZd] af j]kh][l g^ l`Yl Y\nYf[] l`Yl ^Yddk lg al Zq j]Ykgf g^ LYjl /5 g^ l`] ?P=9 gj ([) Y [gehYfq fgl kg j]ka\]fl af l`] Qfal]\ Gaf_\ge o`a[` [Yjja]k gf Y ljY\] af l`] Qfal]\ Gaf_\ge l`jgm_` Y h]jeYf]fl ]klYZdak`e]fl Yf\ o`a[` Zjaf_k aflg Y[[gmfl afl]j]kl hYqYZd] af j]kh][l g^ l`Yl Y\nYf[] af [gehmlaf_ l`] [`Yj_]YZd] hjg^alk (oal`af l`] e]Yfaf_ g^ k][lagf /7 g^ l`] ?P=) g^ l`Yl [gehYfq,W 7, VP`] Ef[j]Yk] H]f\]j [gf^ajek l`Yl al `gd\k Y hYkkhgjl mf\]j l`] DIN? @P Pj]Ylq LYkkhgjl k[`]e] (j]^]j]f[] fmeZ]j V" W) Yf\ ak lYp j]ka\]fl af V" W* kg l`Yl afl]j]kl hYqYZd] lg al Zq Zgjjgo]jk ak _]f]jYddq kmZb][l lg ^mdd ]p]ehlagf ^jge QG oal``gd\af_ lYp Yf\ j]im]klk l`Yl l`] ?gehYfq fgla^q8 (Y) ]Y[` >gjjgo]j o`a[` ak Y LYjlq Yk Y >gjjgo]j Yk Yl l`] Ef[j]Yk] @Yl]9 Yf\ (Z) ]Y[` =\\alagfYd >gjjgo]j o`a[` Z][ge]k Yf =\\alagfYd >gjjgo]j Y^l]j l`] Ef[j]Yk] @Yl]* l`Yl al oak`]k l`] k[`]e] lg Yhhdq lg l`] =_j]]e]fl,W V7-/.W, P`ak Ef[j]Yk] ?gf^ajeYlagf eYq Z] ]p][ml]\ af Yfq fmeZ]j g^ [gmfl]jhYjlk Yf\ l`ak `Yk l`] kYe] ]^^][l Yk a^ l`] ka_fYlmj]k gf l`] [gmfl]jhYjlk o]j] gf Y kaf_d] [ghq g^ l`ak Ef[j]Yk] ?gf^ajeYlagf, V/.-//W,P`ak Ef[j]Yk] ?gf^ajeYlagf Yf\ Yfq fgf+[gfljY[lmYd gZda_Ylagfk Yjakaf_ gml g^ gj af [gff][lagf oal` al Yj] _gn]jf]\ Zq Af_dak` dYo, V//-/0W,P`ak Ef[j]Yk] ?gf^ajeYlagf `Yk Z]]f ]fl]j]\ aflg gf l`] \Yl] klYl]\ Yl l`] Z]_affaf_ g^ l`ak Ef[j]Yk] ?gf^ajeYlagf, 1;5=487:"2:>69;<6"31-"++,/002%#%%**#(%..#+02'#)0+$)(&//%0. 

 

#/046.26.4n6:=?PERA< + BY[adala]k Y_j]]e]fl + Hmp^]j+ ATA?QPEKJ /54 I=: H8=:9JA: GU\UfQ^d 8_]]Yd]U^d*bYWXdc Q^T _R\YWQdY_^c d_ RU Qcce]UT Ri dXU >^SbUQcU AU^TUb [Insert relevant details]  [Facility Office address and attention details for notices and account details for payments]  VEf[j]Yk] H]f\]jW >q8 P`ak Ef[j]Yk] ?gf^ajeYlagf ak Y[[]hl]\ Zq l`] =_]fl Yf\ l`] Ef[j]Yk] @Yl] ak [gf^aje]\ Yk V" W, =_]fl >q8 1;5=487:"2:>69;<6"31-"++,/002%#%%**#(%..#+02'#)0+$)(&//%0. 

 

#/046.26.4n6:=?PERA< + BY[adala]k Y_j]]e]fl + Hmp^]j+ ATA?QPEKJ /55 H8=:9JA: ,-5 688DG9>DC 8:GI>;>86I: EQbd ,5 ;_b] _V 6SS_bTY_^ 6SSUccY_^ 8UbdYVYSQdU Pg8 " (Yk "6WU^d") Bjge8 AJM;:G =DA9>C<H EA8 (Yk "8_]`Q^i") =f\8 " ("6TTYdY_^Q\ 6SS_bTY_^ AU^TUb") @Yl]8 " AJM;:G =DA9>C<H EA8 k #,++'+++'+++ BJAI>8JGG:C8N G:KDAK>C< ;68>A>IN 6<G::B:CI 96I:9 O P %I=: "6<G::B:CI"& /, S] j]^]j lg l`] =_j]]e]fl, P`ak ak Yf =[[gj\agf =[[]kkagf ?]jla^a[Yl], P]jek \]^af]\ af l`] =_j]]e]fl `Yn] l`] kYe] e]Yfaf_ af l`ak =[[gj\agf =[[]kkagf ?]jla^a[Yl] mfd]kk _an]f Y \a^^]j]fl e]Yfaf_ af l`ak =[[gj\agf =[[]kkagf ?]jla^a[Yl], 0, P`] hjghgk]\ =[[gj\agf Ef[j]Yk] @Yl] ak " * kmZb][l lg [dYmk] 0,1 (Accordion -  increase in the Facility) g^ l`] =_j]]e]fl, 1, P`] =\\alagfYd =[[gj\agf H]f\]j Y_j]]k lg Ykkme] Yf\ oadd Ykkme] Ydd g^ l`] gZda_Ylagfk [gjj]khgf\af_ lg l`] =\\alagfYd BY[adalq ?geeale]fl kh][a^a]\ af l`] O[`]\md] lg l`ak =[[]kkagf ?]jla^a[Yl] ("HSXUTe\U") Yk a^ al o]j] Yf Kja_afYd H]f\]j mf\]j l`] =_j]]e]fl, 2, Kf l`] =[[gj\agf Ef[j]Yk] @Yl] (gj km[` dYl]j \Yl] Yk l`] af[j]Yk] af l`] PglYd ?geeale]flk lYc]k ]^^][l hmjkmYfl lg [dYmk] 0,1 (Accordion - increase in the Facility)) g^ l`] =_j]]e]fl8 (Y) l`] =\\alagfYd =[[gj\agf H]f\]j Z][ge]k hYjlq lg l`] =_j]]e]fl Yk Y H]f\]j9 Yf\ (Z) l`] =\\alagfYd =[[gj\agf H]f\]j Ykkme]k Ydd l`] ja_`lk Yf\ gZda_Ylagfk g^ Y H]f\]j af j]dYlagf lg l`] =\\alagfYd BY[adalq ?geeale]flk mf\]j l`] =_j]]e]fl kh][a^a]\ af l`] O[`]\md] af Y[[gj\Yf[] oal` l`] l]jek g^ l`] =_j]]e]fl, 3, P`] Y\eafakljYlan] \]lYadk g^ l`] =\\alagfYd =[[gj\agf H]f\]j ^gj l`] hmjhgk]k g^ l`] =_j]]e]fl Yj] k]l gml af l`] O[`]\md], 4, P`] =\\alagfYd =[[gj\agf H]f\]j ]phj]kkdq Y[cfgod]\_]k l`] daealYlagfk gf l`] H]f\]jk' gZda_Ylagfk j]^]jj]\ lg af hYjY_jYh` (i) g^ [dYmk] 0,1 (Accordion - increase in the Facility), 5, P`] =\\alagfYd =[[gj\agf H]f\]j [gf^ajek* ^gj l`] Z]f]^al g^ l`] =_]fl Yf\ oal`gml daYZadalq lg Yfq KZda_gj* l`Yl al ak8 (Y) VY MmYda^qaf_ H]f\]j (gl`]j l`Yf Y Pj]Ylq H]f\]j)9W (Z) VY Pj]Ylq H]f\]j9W ([) Vfgl Y MmYda^qaf_ H]f\]j9W Yf\ (\) VY MmYda^qaf_ H]f\]j,W (]) Vfgl Y MmYda^qaf_ H]f\]j,W 1;5=487:"2:>69;<6"31-"++,/002%#%%**#(%..#+02'#)0+$)(&//%0. 

 

#/046.26.4n6:=?PERA< + BY[adala]k Y_j]]e]fl + Hmp^]j+ ATA?QPEKJ /56 6, VP`] =\\alagfYd =[[gj\agf H]f\]j [gf^ajek l`Yl l`] h]jkgf Z]f]^a[aYddq ]flald]\ lg afl]j]kl hYqYZd] lg al af j]kh][l g^ Yf Y\nYf[] mf\]j Y BafYf[] @g[me]fl ak ]al`]j8 (Y) Y [gehYfq j]ka\]fl af l`] Qfal]\ Gaf_\ge ^gj Qfal]\ Gaf_\ge lYp hmjhgk]k9 gj (Z) Y hYjlf]jk`ah ]Y[` e]eZ]j g^ o`a[` ak8 ([) Y [gehYfq kg j]ka\]fl af l`] Qfal]\ Gaf_\ge9 gj (\) Y [gehYfq fgl kg j]ka\]fl af l`] Qfal]\ Gaf_\ge o`a[` [Yjja]k gf Y ljY\] af l`] Qfal]\ Gaf_\ge l`jgm_` Y h]jeYf]fl ]klYZdak`e]fl Yf\ o`a[` Zjaf_k aflg Y[[gmfl af [gehmlaf_ alk [`Yj_]YZd] hjg^alk (oal`af l`] e]Yfaf_ g^ k][lagf /7 g^ l`] ?P=) l`] o`gd] g^ Yfq k`Yj] g^ afl]j]kl hYqYZd] af j]kh][l g^ l`Yl Y\nYf[] l`Yl ^Yddk lg al Zq j]Ykgf g^ LYjl /5 g^ l`] ?P=9 (]) Y [gehYfq fgl kg j]ka\]fl af l`] Qfal]\ Gaf_\ge o`a[` [Yjja]k gf Y ljY\] af l`] Qfal]\ Gaf_\ge l`jgm_` Y h]jeYf]fl ]klYZdak`e]fl Yf\ o`a[` Zjaf_k aflg Y[[gmfl afl]j]kl hYqYZd] af j]kh][l g^ l`Yl Y\nYf[] af [gehmlaf_ l`] [`Yj_]YZd] hjg^alk (oal`af l`] e]Yfaf_ g^ k][lagf /7 g^ l`] ?P=) g^ l`Yl [gehYfq9 gj (^) Y Pj]Ylq H]f\]j,W 7, VP`] =\\alagfYd =[[gj\agf H]f\]j [gf^ajek (^gj l`] Z]f]^al g^ l`] =_]fl Yf\ oal`gml daYZadalq lg Yfq KZda_gj) l`Yl ak Y Pj]Ylq H]f\]j l`Yl `gd\k Y hYkkhgjl mf\]j l`] DIN? @P Pj]Ylq LYkkhgjl k[`]e] (j]^]j]f[] fmeZ]j V" W) Yf\ ak lYp j]ka\]fl af V" W* kg l`Yl afl]j]kl hYqYZd] lg al Zq Zgjjgo]jk ak _]f]jYddq kmZb][l lg ^mdd ]p]ehlagf ^jge QG oal``gd\af_ lYp Yf\ fgla^a]k l`] ?gehYfq l`Yl8 (Y) ]Y[` >gjjgo]j o`a[` ak Y LYjlq Yk Y >gjjgo]j Yk Yl l`] =[[gj\agf Ef[j]Yk] @Yl] emkl* lg l`] ]pl]fl l`Yl l`] =\\alagfYd =[[gj\agf H]f\]j Z][ge]k Y H]f\]j mf\]j l`] BY[adalq o`a[` ak eY\] YnYadYZd] lg l`Yl >gjjgo]j hmjkmYfl lg [dYmk] 0,/ (The  Facility) g^ l`] =_j]]e]fl* eYc] Yf Yhhda[Ylagf lg DI N]n]fm] & ?mklgek mf\]j ^gje @PPL0 oal`af 1. \Yqk g^ l`] =[[gj\agf Ef[j]Yk] @Yl]9 Yf\ (Z) ]Y[` =\\alagfYd >gjjgo]j o`a[` Z][ge]k Yf =\\alagfYd >gjjgo]j Y^l]j l`] =[[gj\agf Ef[j]Yk] @Yl] emkl* lg l`] ]pl]fl l`Yl l`] =\\alagfYd =[[gj\agf H]f\]j ak Y H]f\]j mf\]j Y BY[adalq o`a[` ak eY\] YnYadYZd] lg l`Yl =\\alagfYd >gjjgo]j hmjkmYfl lg [dYmk] 0,/ (The Facility) g^ l`] =_j]]e]fl* eYc] Yf Yhhda[Ylagf lg DI N]n]fm] & ?mklgek mf\]j ^gje @PPL0 oal`af 1. \Yqk g^ Z][geaf_ Yf =\\alagfYd >gjjgo]j,W /., P`ak =[[gj\agf =[[]kkagf ?]jla^a[Yl] eYq Z] ]p][ml]\ af Yfq fmeZ]j g^ [gmfl]jhYjlk Yf\ l`ak `Yk l`] kYe] ]^^][l Yk a^ l`] ka_fYlmj]k gf l`] [gmfl]jhYjlk o]j] gf Y kaf_d] [ghq g^ l`ak =[[gj\agf =[[]kkagf ?]jla^a[Yl], //, P`ak =[[gj\agf =[[]kkagf ?]jla^a[Yl] lYc]k ]^^][l Yk Y \]]\ fgloal`klYf\af_ l`Yl Y hYjlq eYq ]p][ml] al mf\]j `Yf\, /0, P`ak =[[gj\agf =[[]kkagf ?]jla^a[Yl] `Yk Z]]f ]p][ml]\ Yf\ \]dan]j]\ Yk Y \]]\ gf l`] \Yl] klYl]\ Yl l`] Z]_affaf_ g^ l`ak =[[]kkagf ?]jla^a[Yl] Yf\ l`ak =[[]kkagf ?]jla^a[Yl] Yf\ Yfq fgf+[gfljY[lmYd gZda_Ylagfk Yjakaf_ gml g^ gj af [gff][lagf oal` al Yj] _gn]jf]\ Zq Af_dak` dYo, 1;5=487:"2:>69;<6"31-"++,/002%#%%**#(%..#+02'#)0+$)(&//%0. 

 

#/046.26.4n6:=?PERA< + BY[adala]k Y_j]]e]fl + Hmp^]j+ ATA?QPEKJ /57 I=: H8=:9JA: 8DBB>IB:CI ID 7: 6HHJB:9 6TTYdY_^Q\ ;QSY\Ydi 8_]]Yd]U^d5 O currencyP O amountP 6T]Y^YcdbQdYfU TUdQY\c _V dXU 6TTYdY_^Q\ 6SS_bTY_^ AU^TUb VInsert details of Facility Office, address for notices and payment details, etcW :hUSedUT Qc Q TUUT Ri dXU 8_]`Q^i uuuuuuuuuuuuuuuuu, @aj][lgj-O][j]lYjq-=ml`gjak]\ Oa_fYlgjq uuuuuuuuuuuuuuuuu, @aj][lgj-O][j]lYjq-=ml`gjak]\ Oa_fYlgjq :hUSedUT Qc Q TUUT Ri dXU O6TTYdY_^Q\ 6SS_bTY_^ AU^TUbP uuuuuuuuuuuuuuuuu, @aj][lgj-O][j]lYjq-=ml`gjak]\ Oa_fYlgjq uuuuuuuuuuuuuuuuu, @aj][lgj-O][j]lYjq-=ml`gjak]\ Oa_fYlgjq Insert appropriate language for execution as a deed  P`] =[[gj\agf Ef[j]Yk] @Yl] ak [gf^aje]\ Zq l`] =_]fl Yk " " >q8 Yk =_]fl Yf\ ^gj Yf\ gf Z]`Yd^ g^ l`] BafYf[] LYjla]k (gl`]j l`Yf l`] =\\alagfYd =[[gj\agf H]f\]j) 1;5=487:"2:>69;<6"31-"++,/002%#%%**#(%..#+02'#)0+$)(&//%0. 

 

#/046.26.4n6:=?PERA< + BY[adala]k Y_j]]e]fl + Hmp^]j+ ATA?QPEKJ /6. EQbd -5 ;_b] _V 6SS_bTY_^ >^SbUQcU 8UbdYVYSQdU Pg8 " (Yk "6WU^d") Bjge8 AJM;:G =DA9>C<H EA8 (Yk "8_]`Q^i") =f\8 " (">^SbUQcY^W 6SS_bTY_^ AU^TUb") @Yl]8 " AJM;:G =DA9>C<H EA8 k #,++'+++'+++ BJAI>8JGG:C8N G:KDAK>C< ;68>A>IN 6<G::B:CI 96I:9 O P %I=: "6<G::B:CI"& /, S] j]^]j lg l`] =_j]]e]fl, P`ak ak Yf =[[gj\agf Ef[j]Yk] ?]jla^a[Yl], P]jek \]^af]\ af l`] =_j]]e]fl `Yn] l`] kYe] e]Yfaf_ af l`ak =[[gj\agf Ef[j]Yk] ?]jla^a[Yl] mfd]kk _an]f Y \a^^]j]fl e]Yfaf_ af l`ak =[[gj\agf Ef[j]Yk] ?]jla^a[Yl], 0, P`] hjghgk]\ =[[gj\agf Ef[j]Yk] @Yl] ak " * kmZb][l lg [dYmk] 0,1 (Accordion -  increase in the Facility) g^ l`] =_j]]e]fl, 1, Kf l`] =[[gj\agf Ef[j]Yk] @Yl] (gj km[` dYl]j \Yl] Yk l`] af[j]Yk] af l`] PglYd ?geeale]flk lYc]k ]^^][l hmjkmYfl lg [dYmk] 0,1 (Accordion - increase in the Facility) g^ l`] =_j]]e]fl* l`] Ef[j]Ykaf_ =[[gj\agf H]f\]j `]j]Zq af[j]Yk]k alk ?geeale]fl Yk Y H]f\]j mf\]j l`] =_j]]e]fl kh][a^a]\ af l`] k[`]\md] lg l`ak =[[gj\agf Ef[j]Yk] ?]jla^a[Yl] ("HSXUTe\U") af Y[[gj\Yf[] oal` l`] l]jek g^ l`] =_j]]e]fl, 2, P`] Y\eafakljYlan] \]lYadk g^ l`] Ef[j]Ykaf_ =[[gj\agf H]f\]j j]eYaf Yhhda[YZd] lg al Yk Yf ]paklaf_ H]f\]j ^gj l`] hmjhgk]k g^ l`] =_j]]e]fl, 3, P`ak =[[gj\agf Ef[j]Yk] ?]jla^a[Yl] eYq Z] ]p][ml]\ af Yfq fmeZ]j g^ [gmfl]jhYjlk Yf\ l`ak `Yk l`] kYe] ]^^][l Yk a^ l`] ka_fYlmj]k gf l`] [gmfl]jhYjlk o]j] gf Y kaf_d] [ghq g^ l`ak =[[gj\agf Ef[j]Yk] ?]jla^a[Yl], 4, P`ak =[[gj\agf Ef[j]Yk] ?]jla^a[Yl] lYc]k ]^^][l Yk Y \]]\ fgloal`klYf\af_ l`Yl Y hYjlq eYq ]p][ml] al mf\]j `Yf\, 5, P`ak =[[gj\agf Ef[j]Yk] ?]jla^a[Yl] `Yk Z]]f ]p][ml]\ Yf\ \]dan]j]\ Yk Y \]]\ gf l`] \Yl] klYl]\ Yl l`] Z]_affaf_ g^ l`ak =[[gj\agf Ef[j]Yk] ?]jla^a[Yl] Yf\ l`ak =[[gj\agf Ef[j]Yk] ?]jla^a[Yl] Yf\ Yfq fgf+[gfljY[lmYd gZda_Ylagfk Yjakaf_ gml g^ gj af [gff][lagf oal` al Yj] _gn]jf]\ Zq Af_dak` dYo, 1;5=487:"2:>69;<6"31-"++,/002%#%%**#(%..#+02'#)0+$)(&//%0. 

 

#/046.26.4n6:=?PERA< + BY[adala]k Y_j]]e]fl + Hmp^]j+ ATA?QPEKJ /6/ I=: H8=:9JA: >C8G:6H:9 8DBB>IB:CI 6TTYdY_^Q\ 8_]]Yd]U^d5 O currencyP O amountP 6WWbUWQdU 8_]]Yd]U^dc V_b dXU >^SbUQcY^W 6SS_bTY_^ AU^TUb5 O currencyP O amountP :hUSedUT Qc Q TUUT Ri dXU 8_]`Q^i uuuuuuuuuuuuuuuuu, @aj][lgj-O][j]lYjq-=ml`gjak]\ Oa_fYlgjq :hUSedUT Qc Q TUUT Ri dXU O>^SbUQcY^W 6SS_bTY_^ AU^TUbP uuuuuuuuuuuuuuuuu, @aj][lgj-O][j]lYjq-=ml`gjak]\ Oa_fYlgjq uuuuuuuuuuuuuuuuu, @aj][lgj-O][j]lYjq-=ml`gjak]\ Oa_fYlgjq P`] =[[gj\agf Ef[j]Yk] @Yl] ak [gf^aje]\ Zq l`] =_]fl Yk " " >q8 Yk =_]fl Yf\ ^gj Yf\ gf Z]`Yd^ g^ l`] BafYf[] LYjla]k (gl`]j l`Yf l`] LYjla[ahYlaf_ H]f\]j) 1;5=487:"2:>69;<6"31-"++,/002%#%%**#(%..#+02'#)0+$)(&//%0. 

 

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#/046.26.4n6:=?PERA< + BY[adala]k Y_j]]e]fl + Hmp^]j+ ATA?QPEKJ /61 l`]j] ak gf]) gj l`] hj][]\af_ >mkaf]kk @Yq (a^ l`]j] ak fgl), 8U^dbQ\ 7Q^[ GQdU5 (Y) P`] k`gjl+l]je afl]j]kl jYl] lYj_]l k]l Zq l`] QO B]\]jYd Kh]f IYjc]l ?geeall]] Yk hmZdak`]\ Zq l`] B]\]jYd N]k]jn] >Yfc g^ J]o Ugjc ^jge lae] lg lae]9 gj (Z) a^ l`Yl lYj_]l ak fgl Y kaf_d] ^a_mj]* l`] Yjal`e]la[ e]Yf g^8 (a) l`] mhh]j Zgmf\ g^ l`] k`gjl+l]je afl]j]kl jYl] lYj_]l jYf_] k]l Zq l`] QO B]\]jYd Kh]f IYjc]l ?geeall]] Yf\ hmZdak`]\ Zq l`] B]\]jYd N]k]jn] >Yfc g^ J]o Ugjc9 Yf\ (aa) l`] dgo]j Zgmf\ g^ l`Yl lYj_]l jYf_], 8U^dbQ\ 7Q^[ GQdU 6TZecd]U^d5 Ef j]dYlagf lg l`] ?]fljYd >Yfc NYl] hj]nYadaf_ Yl [dgk] g^ Zmkaf]kk gf Yfq NBN >Yfcaf_ @Yq* l`] e]Yf ([Yd[mdYl]\ Zq l`] =_]fl* gj Zq Yfq gl`]j BafYf[] LYjlq o`a[` Y_j]]k lg \g kg af hdY[] g^ l`] =_]fl) g^ l`] ?]fljYd >Yfc NYl] Ohj]Y\k ^gj l`] ^an] egkl aee]\aYl]dq hj][]\af_ NBN >Yfcaf_ @Yqk ^gj o`a[` l`] NBN oYk hmZdak`]\* ]p[dm\af_ l`] \Yqk oal` l`] `a_`]kl (Yf\* a^ l`]j] ak egj] l`Yf gf] `a_`]kl khj]Y\* gfdq gf] g^ l`gk] `a_`]kl khj]Y\k) Yf\ dgo]kl khj]Y\k (gj* a^ l`]j] ak egj] l`Yf gf] dgo]kl khj]Y\* gfdq gf] g^ l`gk] dgo]kl khj]Y\k) lg l`] ?]fljYd >Yfc NYl], 8U^dbQ\ 7Q^[ H`bUQT Ef j]dYlagf lg Yfq NBN >Yfcaf_ @Yq* l`] \a^^]j]f[] (]phj]kk]\ Yk Y h]j[]flY_] jYl] h]j Yffme) [Yd[mdYl]\ Zq l`] =_]fl (gj Zq Yfq gl`]j BafYf[] LYjlq o`a[` Y_j]]k lg \g kg af hdY[] g^ l`] =_]fl) g^8 (Y) l`] NBN ^gj l`Yl NBN >Yfcaf_ @Yq9 Yf\ (Z) l`] ?]fljYd >Yfc NYl] hj]nYadaf_ Yl [dgk] g^ Zmkaf]kk gf l`Yl NBN >Yfcaf_ @Yq, 9QY\i GQdU5 P`] "9QY\i GQdU" ^gj Yfq NBN >Yfcaf_ @Yq ak8 (Y) l`] NBN ^gj l`Yl NBN >Yfcaf_ @Yq9 (Z) a^ l`] NBN ak fgl YnYadYZd] ^gj l`Yl NBN >Yfcaf_ @Yq* l`] h]j[]flY_] jYl] h]j Yffme o`a[` ak l`] Y__j]_Yl] g^8 (a) l`] ?]fljYd >Yfc NYl] ^gj l`Yl NBN >Yfcaf_ @Yq9 Yf\ (aa) l`] Yhhda[YZd] ?]fljYd >Yfc NYl] =\bmkle]fl9 gj ([) a^ hYjY_jYh` (Z) Yhhda]k Zml l`] ?]fljYd >Yfc NYl] ^gj l`Yl NBN >Yfcaf_ @Yq ak fgl YnYadYZd]* l`] h]j[]flY_] jYl] h]j Yffme o`a[` ak l`] Y__j]_Yl] g^8 1;5=487:"2:>69;<6"31-"++,/002%#%%**#(%..#+02'#)0+$)(&//%0. 

 

#/046.26.4n6:=?PERA< + BY[adala]k Y_j]]e]fl + Hmp^]j+ ATA?QPEKJ /62 (a) l`] egkl j][]fl ?]fljYd >Yfc NYl] ^gj Y \Yq o`a[` ak fg egj] l`Yf ^an] NBN >Yfcaf_ @Yqk Z]^gj] l`Yl NBN >Yfcaf_ @Yq9 Yf\ (aa) l`] Yhhda[YZd] ?]fljYd >Yfc NYl] =\bmkle]fl* jgmf\]\* af ]al`]j [Yk]* lg ^an] \][aeYd hdY[]k Yf\ a^* af ]al`]j [Yk]* l`] Y__j]_Yl] g^ l`Yl jYl] Yf\ l`] Yhhda[YZd] >Yk]daf] ?=O ak d]kk l`Yf r]jg* l`] @Yadq NYl] k`Ydd Z] \]]e]\ lg Z] km[` Y jYl] l`Yl l`] Y__j]_Yl] g^ l`] @Yadq NYl] Yf\ l`] Yhhda[YZd] >Yk]daf] ?=O ak r]jg, A__[RQS[ EUbY_T5 Ban] NBN >Yfcaf_ @Yqk BQb[Ud 9Ycbe`dY_^ GQdU5 P`] h]j[]flY_] jYl] h]j Yffme o`a[` ak l`] Y__j]_Yl] g^8 (Y) l`] ?memdYlan] ?gehgmf\]\ NBN NYl] ^gj l`] Efl]j]kl L]jag\ g^ l`] j]d]nYfl HgYf9 Yf\ (Z) l`] Yhhda[YZd] >Yk]daf] ?=O, GU\UfQ^d BQb[Ud5 P`] eYjc]l ^gj gn]jfa_`l [Yk` Zgjjgoaf_ [gddYl]jYdak]\ Zq QO Cgn]jfe]fl k][mjala]k, GU`_bdY^W 9Qi5 P`] >mkaf]kk @Yq o`a[` ak l`] HggcZY[c L]jag\ hjagj lg l`] dYkl \Yq g^ l`] Efl]j]kl L]jag\ kYn] l`Yl* a^ l`Yl \Yq ak fgl Yf NBN >Yfcaf_ @Yq* l`]f al k`Ydd Z] l`] ^gddgoaf_ NBN >Yfcaf_ @Yq, G;G5 P`] k][mj]\ gn]jfa_`l ^afYf[af_ jYl] (OKBN) Y\eafakl]j]\ Zq l`] B]\]jYd N]k]jn] >Yfc g^ J]o Ugjc (gj Yfq gl`]j h]jkgf o`a[` lYc]k gn]j l`] Y\eafakljYlagf g^ l`Yl jYl]) hmZdak`]\ Zq l`] B]\]jYd N]k]jn] >Yfc g^ J]o Ugjc (gj Yfq gl`]j h]jkgf o`a[` lYc]k gn]j l`] hmZda[Ylagf g^ l`Yl jYl]), G;G 7Q^[Y^W 9Qi5 =fq \Yq gl`]j l`Yf8 (Y) Y OYlmj\Yq gj Omf\Yq9 Yf\ (Z) Y \Yq gf o`a[` l`] O][mjala]k Ef\mkljq Yf\ BafYf[aYd IYjc]lk =kkg[aYlagf (gj Yfq km[[]kkgj gj_YfakYlagf) j][gee]f\k l`Yl l`] ^ap]\ af[ge] \]hYjle]flk g^ alk e]eZ]jk Z] [dgk]\ ^gj l`] ]flaj] \Yq ^gj hmjhgk]k g^ ljY\af_ af QO Cgn]jfe]fl k][mjala]k, RFR Contingency Period 3 >mkaf]kk @Yqk Interest Periods  L]jag\k [YhYZd] g^ k]d][lagf Yk Efl]j]kl L]jag\k ([dYmk] /0 (Interest Periods))8 /* 0* 1 gj 4 egfl`k Reporting Times  @]Y\daf] ^gj H]f\]jk lg j]hgjl ?dgk] g^ Zmkaf]kk af Hgf\gf gf l`] N]hgjlaf_ @Yq ^gj l`] 1;5=487:"2:>69;<6"31-"++,/002%#%%**#(%..#+02'#)0+$)(&//%0. 

 

#/046.26.4n6:=?PERA< + BY[adala]k Y_j]]e]fl + Hmp^]j+ ATA?QPEKJ /63 eYjc]l \akjmhlagf af Y[[gj\Yf[] oal` [dYmk] /1,1 (Market disruption) j]d]nYfl HgYf, @]Y\daf] ^gj H]f\]jk lg j]hgjl l`]aj [gkl g^ ^mf\k af Y[[gj\Yf[] oal` [dYmk] /1,2 (Cost of funds) ?dgk] g^ Zmkaf]kk gf l`] \Yl] ^Yddaf_ 0 >mkaf]kk @Yqk Y^l]j l`] N]hgjlaf_ @Yq ^gj l`] j]d]nYfl HgYf (gj* a^ ]Yjda]j* gf l`] \Yl] ^Yddaf_ 1 >mkaf]kk @Yqk Z]^gj] l`] \Yl] gf o`a[` afl]j]kl ak \m] lg Z] hYa\ af j]kh][l g^ l`] Efl]j]kl L]jag\ ^gj l`Yl HgYf), 1;5=487:"2:>69;<6"31-"++,/002%#%%**#(%..#+02'#)0+$)(&//%0. 

 

#/046.26.4n6:=?PERA< + BY[adala]k Y_j]]e]fl + Hmp^]j+ ATA?QPEKJ /64 EQbd -5 HdUb\Y^W 8JGG:C8N5 Ol]jdaf_, Cost of funds as a fallback  ?gkl g^ ^mf\k oadd fgl Yhhdq Yk Y ^YddZY[c, Definitions  6TTYdY_^Q\ 7ecY^Ucc 9Qic5 =f NBN >Yfcaf_ @Yq, 7QcU\Y^U 86H5 e]Yfk l`] jYl] h]j Yffme ^gj l`] j]d]nYfl Efl]j]kl L]jag\ Zq j]^]j]f[] lg l`] ^gddgoaf_ lYZd] (]phj]kk]\ Yk Y h]j[]flY_])8 Efl]j]kl L]jag\ g^ / Igfl` gj d]kk Efl]j]kl L]jag\ g^ 0 Igfl`k gj d]kk Zml egj] l`Yf / Igfl` Efl]j]kl L]jag\ g^ 1 Igfl`k gj d]kk Zml egj] l`Yf 0 Igfl`k Efl]j]kl L]jag\ g^ 4 Igfl`k gj d]kk Zml egj] l`Yf 1 Igfl`k .,.104 .,.411 .,//71 .,0544 7bUQ[ 8_cdc5 Jgf] kh][a^a]\, 7ecY^Ucc 9Qi 8_^fU^dY_^c %TUVY^YdY_^ _V "B_^dX" Q^T 8\QecU ,-)- %Non-Business  Days&&5 (Y) E^ Yfq h]jag\ ak ]phj]kk]\ lg Y[[jm] Zq j]^]j]f[] lg Y Igfl` gj Yfq fmeZ]j g^ Igfl`k l`]f* af j]kh][l g^ l`] dYkl Igfl` g^ l`Yl h]jag\8 "$# kmZb][l lg hYjY_jYh` (aaa) Z]dgo* a^ l`] fme]ja[Yddq [gjj]khgf\af_ \Yq ak fgl Y >mkaf]kk @Yq* l`Yl h]jag\ k`Ydd ]f\ gf l`] f]pl >mkaf]kk @Yq af l`Yl [Yd]f\Yj egfl` af o`a[` l`Yl h]jag\ ak lg ]f\ a^ l`]j] ak gf]* gj a^ l`]j] ak fgl* gf l`] aee]\aYl]dq hj][]\af_ >mkaf]kk @Yq9 "$$# a^ l`]j] ak fg fme]ja[Yddq [gjj]khgf\af_ \Yq af l`] [Yd]f\Yj egfl` af o`a[` l`Yl h]jag\ ak lg ]f\* l`Yl h]jag\ k`Ydd ]f\ gf l`] dYkl >mkaf]kk @Yq af l`Yl [Yd]f\Yj egfl`9 Yf\ "$$$# a^ Yf Efl]j]kl L]jag\ Z]_afk gf l`] dYkl >mkaf]kk @Yq g^ Y [Yd]f\Yj egfl`* l`Yl Efl]j]kl L]jag\ k`Ydd ]f\ gf l`] dYkl >mkaf]kk @Yq af l`] [Yd]f\Yj egfl` af o`a[` l`Yl Efl]j]kl L]jag\ ak lg ]f\, (Z) E^ Yf Efl]j]kl L]jag\ ogmd\ gl`]joak] ]f\ gf Y \Yq o`a[` ak fgl Y >mkaf]kk @Yq* l`Yl Efl]j]kl L]jag\ oadd afkl]Y\ ]f\ gf l`] f]pl >mkaf]kk @Yq af l`Yl [Yd]f\Yj egfl` (a^ l`]j] ak gf]) gj l`] hj][]\af_ >mkaf]kk @Yq (a^ l`]j] ak fgl), 8U^dbQ\ 7Q^[ GQdU5 P`] >Yfc g^ Af_dYf\'k >Yfc NYl] Yk hmZdak`]\ Zq l`] >Yfc g^ 1;5=487:"2:>69;<6"31-"++,/002%#%%**#(%..#+02'#)0+$)(&//%0. 

 

#/046.26.4n6:=?PERA< + BY[adala]k Y_j]]e]fl + Hmp^]j+ ATA?QPEKJ /65 Af_dYf\ ^jge lae] lg lae], 8U^dbQ\ 7Q^[ GQdU 6TZecd]U^d5 Ef j]dYlagf lg l`] ?]fljYd >Yfc NYl] hj]nYadaf_ Yl [dgk] g^ Zmkaf]kk gf Yfq NBN >Yfcaf_ @Yq* l`] e]Yf ([Yd[mdYl]\ Zq l`] =_]fl* gj Zq Yfq gl`]j BafYf[] LYjlq o`a[` Y_j]]k lg \g kg af hdY[] g^ l`] =_]fl) g^ l`] ?]fljYd >Yfc NYl] Ohj]Y\k ^gj l`] ^an] egkl aee]\aYl]dq hj][]\af_ NBN >Yfcaf_ @Yqk ^gj o`a[` l`] NBN oYk YnYadYZd]* ]p[dm\af_ l`] \Yqk oal` l`] `a_`]kl (Yf\* a^ l`]j] ak egj] l`Yf gf] `a_`]kl khj]Y\* gfdq gf] g^ l`gk] `a_`]kl khj]Y\k) Yf\ dgo]kl khj]Y\k (gj* a^ l`]j] ak egj] l`Yf gf] dgo]kl khj]Y\* gfdq gf] g^ l`gk] dgo]kl khj]Y\k) lg l`] ?]fljYd >Yfc NYl], 8U^dbQ\ 7Q^[ H`bUQT Ef j]dYlagf lg Yfq NBN >Yfcaf_ @Yq* l`] \a^^]j]f[] (]phj]kk]\ Yk Y h]j[]flY_] jYl] h]j Yffme) [Yd[mdYl]\ Zq l`] =_]fl (gj Zq Yfq gl`]j BafYf[] LYjlq o`a[` Y_j]]k lg \g kg af hdY[] g^ l`] =_]fl) g^8 (Y) l`] NBN ^gj l`Yl NBN >Yfcaf_ @Yq9 Yf\ (Z) l`] ?]fljYd >Yfc NYl] hj]nYadaf_ Yl [dgk] g^ Zmkaf]kk gf l`Yl NBN >Yfcaf_ @Yq, 9QY\i GQdU5 P`] "9QY\i GQdU" ^gj Yfq NBN >Yfcaf_ @Yq ak8 (Y) l`] NBN ^gj l`Yl NBN >Yfcaf_ @Yq9 gj (Z) a^ l`] NBN ak fgl YnYadYZd] ^gj l`Yl NBN >Yfcaf_ @Yq* l`] h]j[]flY_] jYl] h]j Yffme o`a[` ak l`] Y__j]_Yl] g^8 (a) l`] ?]fljYd >Yfc NYl] ^gj l`Yl NBN >Yfcaf_ @Yq9 Yf\ (aa) l`] Yhhda[YZd] ?]fljYd >Yfc NYl] =\bmkle]fl9 gj ([) a^ hYjY_jYh` (Z) Yhhda]k Zml l`] ?]fljYd >Yfc NYl] ^gj l`Yl NBN >Yfcaf_ @Yq ak fgl YnYadYZd]* l`] h]j[]flY_] jYl] h]j Yffme o`a[` ak l`] Y__j]_Yl] g^8 (a) l`] egkl j][]fl ?]fljYd >Yfc NYl] ^gj Y \Yq o`a[` ak fg egj] l`Yf ^an] NBN >Yfcaf_ @Yqk Z]^gj] l`Yl NBN >Yfcaf_ @Yq9 Yf\ (aa) l`] Yhhda[YZd] ?]fljYd >Yfc NYl] =\bmkle]fl* jgmf\]\* af ]al`]j [Yk]* lg ^gmj \][aeYd hdY[]k Yf\ a^* af ]al`]j [Yk]* l`] Y__j]_Yl] g^ l`Yl jYl] Yf\ l`] Yhhda[YZd] >Yk]daf] ?=O ak d]kk l`Yf r]jg* l`] @Yadq NYl] k`Ydd Z] \]]e]\ lg Z] km[` Y jYl] l`Yl l`] Y__j]_Yl] g^ l`] @Yadq NYl] Yf\ l`] Yhhda[YZd] >Yk]daf] ?=O ak r]jg, A__[RQS[ EUbY_T5 Ban] NBN >Yfcaf_ @Yqk, BQb[Ud 9Ycbe`dY_^ GQdU5 P`] h]j[]flY_] jYl] h]j Yffme o`a[` ak l`] Y__j]_Yl] g^8 (Y) l`] ?memdYlan] ?gehgmf\]\ NBN NYl] ^gj l`] Efl]j]kl 1;5=487:"2:>69;<6"31-"++,/002%#%%**#(%..#+02'#)0+$)(&//%0. 

 

#/046.26.4n6:=?PERA< + BY[adala]k Y_j]]e]fl + Hmp^]j+ ATA?QPEKJ /66 L]jag\ g^ l`] j]d]nYfl HgYf9 Yf\ (Z) l`] Yhhda[YZd] >Yk]daf] ?=O, GU\UfQ^d BQb[Ud5 P`] kl]jdaf_ o`gd]kYd] eYjc]l, GU`_bdY^W 9Qi5 P`] \Yq o`a[` ak l`] HggcZY[c L]jag\ hjagj lg l`] dYkl \Yq g^ l`] Efl]j]kl L]jag\ gj* a^ l`Yl \Yq ak fgl Y >mkaf]kk @Yq* l`] aee]\aYl]dq ^gddgoaf_ >mkaf]kk @Yq, G;G5 P`] OKJE= (kl]jdaf_ gn]jfa_`l af\]p Yn]jY_]) j]^]j]f[] jYl] \akhdYq]\ gf l`] j]d]nYfl k[j]]f g^ Yfq Yml`gjak]\ \akljaZmlgj g^ l`Yl j]^]j]f[] jYl], G;G 7Q^[Y^W 9Qi5 = \Yq (gl`]j l`Yf Y OYlmj\Yq gj Omf\Yq) gf o`a[` ZYfck Yj] gh]f ^gj _]f]jYd Zmkaf]kk af Hgf\gf, RFR Contingency Period 3 >mkaf]kk @Yqk, Interest Periods  L]jag\k [YhYZd] g^ k]d][lagf Yk Efl]j]kl L]jag\k ([dYmk] /0 (Interest Periods))8 /* 0* 1 gj 4 egfl`k Reporting Times  @]Y\daf] ^gj H]f\]jk lg j]hgjl eYjc]l \akjmhlagf af Y[[gj\Yf[] oal` [dYmk] /1,1 (Market disruption) ?dgk] g^ Zmkaf]kk af Hgf\gf gf l`] N]hgjlaf_ @Yq ^gj l`] j]d]nYfl HgYf, @]Y\daf] ^gj H]f\]jk lg j]hgjl l`]aj [gkl g^ ^mf\k af Y[[gj\Yf[] oal` [dYmk] /1,2 (Cost of funds) ?dgk] g^ Zmkaf]kk gf l`] \Yl] ^Yddaf_ 0 >mkaf]kk @Yqk Y^l]j l`] N]hgjlaf_ @Yq ^gj l`] j]d]nYfl HgYf (gj* a^ ]Yjda]j* gf l`] \Yl] ^Yddaf_ 1 >mkaf]kk @Yqk Z]^gj] l`] \Yl] gf o`a[` afl]j]kl ak \m] lg Z] hYa\ af j]kh][l g^ l`] Efl]j]kl L]jag\ ^gj l`Yl HgYf), 1;5=487:"2:>69;<6"31-"++,/002%#%%**#(%..#+02'#)0+$)(&//%0. 

 

#/046.26.4n6:=?PERA< + BY[adala]k Y_j]]e]fl + Hmp^]j+ ATA?QPEKJ /67 EQbd .5 :eb_ (IUb] GQdU A_Q^c 8JGG:C8N 5 Amjg, Rate Switch Currency  Amjg ak fgl Y NYl] Ooal[` ?mjj]f[q, Compounded Reference Rate as a fallback  ?gehgmf\]\ N]^]j]f[] NYl] oadd fgl Yhhdq Yk Y ^YddZY[c, Cost of funds as a fallback  ?gkl g^ ^mf\k oadd Yhhdq Yk Y ^YddZY[c, Definitions 6TTYdY_^Q\ 7ecY^Ucc 9Qic5 = P=NCAP @Yq, 6\dUb^QdYfU IUb] GQdU5 Jgf] kh][a^a]\, 6\dUb^QdYfU IUb] GQdU 6TZecd]U^d5 Jgf] kh][a^a]\, 7bUQ[ 8_cdc5 P`] Yegmfl (a^ Yfq) Zq o`a[`8 (Y) l`] afl]j]kl ]p[dm\af_ l`] IYj_af o`a[` Y H]f\]j k`gmd\ `Yn] j][]an]\ ^gj l`] h]jag\ ^jge l`] \Yl] g^ j][]ahl g^ Ydd gj Yfq hYjl g^ alk hYjla[ahYlagf af l`] j]d]nYfl HgYf gj QfhYa\ Ome lg l`] dYkl \Yq g^ l`] [mjj]fl Efl]j]kl L]jag\ af j]kh][l g^ l`Yl HgYf gj QfhYa\ Ome* `Y\ l`] hjaf[ahYd Yegmfl gj QfhYa\ Ome j][]an]\ Z]]f hYa\ gf l`] dYkl \Yq g^ l`Yl Efl]j]kl L]jag\9 ]p[]]\k8 (Z) l`] Yegmfl o`a[` l`Yl H]f\]j ogmd\ Z] YZd] lg gZlYaf Zq hdY[af_ Yf Yegmfl ]imYd lg l`] hjaf[ahYd Yegmfl gj QfhYa\ Ome j][]an]\ Zq al gf \]hgkal oal` Y d]Y\af_ ZYfc ^gj Y h]jag\ klYjlaf_ gf l`] >mkaf]kk @Yq ^gddgoaf_ j][]ahl gj j][gn]jq Yf\ ]f\af_ gf l`] dYkl \Yq g^ l`] [mjj]fl Efl]j]kl L]jag\, BQb[Ud 9Ycbe`dY_^ GQdU5 P`] P]je N]^]j]f[] NYl], EbY]Qbi IUb] GQdU5 P`] ]mjg afl]jZYfc g^^]j]\ jYl] Y\eafakl]j]\ Zq l`] Amjgh]Yf Igf]q IYjc]lk Efklalml] (gj Yfq gl`]j h]jkgf o`a[` lYc]k gn]j l`] Y\eafakljYlagf g^ l`Yl jYl]) ^gj l`] j]d]nYfl h]jag\ \akhdYq]\ (Z]^gj] Yfq [gjj][lagf* j][Yd[mdYlagf gj j]hmZda[Ylagf Zq l`] Y\eafakljYlgj) gf hY_] AQNE>KN./ g^ l`] P`gekgf N]ml]jk k[j]]f, 1;5=487:"2:>69;<6"31-"++,/002%#%%**#(%..#+02'#)0+$)(&//%0. 

 

#/046.26.4n6:=?PERA< + BY[adala]k Y_j]]e]fl + Hmp^]j+ ATA?QPEKJ /7. Fe_dQdY_^ 9Qi5 Pog P=NCAP @Yqk Z]^gj] l`] ^ajkl \Yq g^ l`] j]d]nYfl Efl]j]kl L]jag\ (mfd]kk eYjc]l hjY[la[] \a^^]jk af l`] N]d]nYfl IYjc]l* af o`a[` [Yk] l`] MmglYlagf @Yq oadd Z] \]l]jeaf]\ Zq l`] =_]fl af Y[[gj\Yf[] oal` eYjc]l hjY[la[] af l`] N]d]nYfl IYjc]l (Yf\ a^ imglYlagfk ogmd\ fgjeYddq Z] _an]f gf egj] l`Yf gf] \Yq* l`] MmglYlagf @Yq oadd Z] l`] dYkl g^ l`gk] \Yqk)), Fe_dQdY_^ IY]U5 MmglYlagf @Yq //,..Ye (>jmkk]dk lae]), GU\UfQ^d BQb[Ud5 P`] Amjgh]Yf afl]jZYfc eYjc]l, GU`_bdY^W 9Qi5 P`] MmglYlagf @Yq, Interest Periods L]jag\k [YhYZd] g^ k]d][lagf Yk Efl]j]kl L]jag\k ([dYmk] /0 (Interest Periods))8 /* 0* 1 gj 4 egfl`k Reporting Times @]Y\daf] ^gj H]f\]jk lg j]hgjl eYjc]l \akjmhlagf af Y[[gj\Yf[] oal` [dYmk] /1,1 (Market  disruption)8 ?dgk] g^ Zmkaf]kk af Hgf\gf gf l`] N]hgjlaf_ @Yq ^gj l`] j]d]nYfl HgYf, @]Y\daf] ^gj H]f\]jk lg j]hgjl l`]aj [gkl g^ ^mf\k af Y[[gj\Yf[] oal` [dYmk] /1,2 (Cost of funds)8 ?dgk] g^ Zmkaf]kk gf l`] \Yl] ^Yddaf_ ^an] >mkaf]kk @Yqk Y^l]j l`] N]hgjlaf_ @Yq ^gj l`] j]d]nYfl HgYf (gj* a^ ]Yjda]j* gf l`] \Yl] ^Yddaf_ ^an] >mkaf]kk @Yqk Z]^gj] l`] \Yl] gf o`a[` afl]j]kl ak \m] lg Z] hYa\ af j]kh][l g^ l`] Efl]j]kl L]jag\ ^gj l`Yl HgYf), 1;5=487:"2:>69;<6"31-"++,/002%#%%**#(%..#+02'#)0+$)(&//%0. 

 

#/046.26.4n6:=?PERA< + BY[adala]k Y_j]]e]fl + Hmp^]j+ ATA?QPEKJ /7/ H8=:9JA: ,/5 96>AN CDC(8JBJA6I>K: 8DBEDJC9:9 G;G G6I: P`] "9QY\i C_^(8e]e\QdYfU 8_]`_e^TUT G;G GQdU" ^gj Yfq NBN >Yfcaf_ @Yq "a" \mjaf_ Yf Efl]j]kl L]jag\ ^gj Y ?gehgmf\]\ NYl] HgYf ak l`] h]j[]flY_] jYl] h]j Yffme (oal`gml jgmf\af_* lg  l`] ]pl]fl j]YkgfYZdq hjY[la[YZd] ^gj l`] BafYf[] LYjlq h]j^gjeaf_ l`] [Yd[mdYlagf* lYcaf_ aflg Y[[gmfl  l`] [YhYZadala]k g^ Yfq kg^loYj] mk]\ ^gj l`Yl hmjhgk]) [Yd[mdYl]\ Yk k]l gml Z]dgo8  _&##$%M,&##$%M,B`- K OV JJ   o`]j]8 "J889GY" e]Yfk l`] QfYffmYdak]\ ?memdYlan] ?gehgmf\]\ @Yadq NYl] ^gj l`Yl NBN >Yfcaf_ @Yq "Y"9 "J889GY(," e]Yfk* af j]dYlagf lg l`Yl NBN >Yfcaf_ @Yq "Y"* l`] QfYffmYdak]\ ?memdYlan] ?gehgmf\]\ @Yadq NYl] ^gj l`] aee]\aYl]dq hj][]\af_ NBN >Yfcaf_ @Yq (a^ Yfq) \mjaf_ l`Yl Efl]j]kl L]jag\9 "TSS" e]Yfk 14. gj* af Yfq [Yk] o`]j] eYjc]l hjY[la[] af l`] N]d]nYfl IYjc]l ak lg mk] Y \a^^]j]fl fmeZ]j ^gj imglaf_ l`] fmeZ]j g^ \Yqk af Y q]Yj* l`Yl fmeZ]j9 "^Y" e]Yfk l`] fmeZ]j g^ [Yd]f\Yj \Yqk ^jge* Yf\ af[dm\af_* l`Yl NBN >Yfcaf_ @Yq "Y" mh lg* Zml ]p[dm\af_* l`] ^gddgoaf_ NBN >Yfcaf_ @Yq9 Yf\ l`] "J^Q^^eQ\YcUT 8e]e\QdYfU 8_]`_e^TUT 9QY\i GQdU" ^gj Yfq NBN >Yfcaf_ @Yq (l`] "8e]e\QdUT G;G 7Q^[Y^W 9Qi") \mjaf_ l`Yl Efl]j]kl L]jag\ ak l`] j]kmdl g^ l`] Z]dgo [Yd[mdYlagf (oal`gml jgmf\af_* lg l`] ]pl]fl j]YkgfYZdq hjY[la[YZd] ^gj l`] BafYf[] LYjlq h]j^gjeaf_ l`] [Yd[mdYlagf* lYcaf_ aflg Y[[gmfl l`] [YhYZadala]k g^ Yfq kg^loYj] mk]\ ^gj l`Yl hmjhgk])8 56678 Y @?R ;:: o`]j]8 "6889G" e]Yfk l`] =ffmYdak]\ ?memdYlan] ?gehgmf\]\ @Yadq NYl] ^gj l`Yl ?memdYl]\ NBN >Yfcaf_ @Yq9 "d^Y" e]Yfk l`] fmeZ]j g^ [Yd]f\Yj \Yqk ^jge* Yf\ af[dm\af_* l`] ^ajkl \Yq g^ l`] ?memdYlagf L]jag\ lg* Zml ]p[dm\af_* l`] NBN >Yfcaf_ @Yq o`a[` aee]\aYl]dq ^gddgok l`] dYkl \Yq g^ l`] ?memdYlagf L]jag\9 "8e]e\QdY_^ EUbY_T" e]Yfk l`] h]jag\ ^jge* Yf\ af[dm\af_* l`] ^ajkl NBN >Yfcaf_ @Yq g^ l`Yl Efl]j]kl L]jag\ lg* Yf\ af[dm\af_* l`Yl ?memdYl]\ NBN >Yfcaf_ @Yq9 "TSS" `Yk l`] e]Yfaf_ _an]f lg l`Yl l]je YZgn]9 Yf\ l`] "6^^eQ\YcUT 8e]e\QdYfU 8_]`_e^TUT 9QY\i GQdU" ^gj l`Yl ?memdYl]\ NBN >Yfcaf_ @Yq ak l`] h]j[]flY_] jYl] h]j Yffme (jgmf\]\ lg ^gmj \][aeYd hdY[]k) [Yd[mdYl]\ Yk k]l gml Z]dgo8 c\ a. W EIMNQHIPLV,TUYOV KJJ b KS M̂DB ,.d Y KJJ POV 1;5=487:"2:>69;<6"31-"++,/002%#%%**#(%..#+02'#)0+$)(&//%0. 

 

#/046.26.4n6:=?PERA< + BY[adala]k Y_j]]e]fl + Hmp^]j+ ATA?QPEKJ /70 o`]j]8 "T+" e]Yfk l`] fmeZ]j g^ NBN >Yfcaf_ @Yqk af l`] ?memdYlagf L]jag\9 "8e]e\QdY_^ EUbY_T" `Yk l`] e]Yfaf_ _an]f lg l`Yl l]je YZgn]9 "Y" e]Yfk Y k]ja]k g^ o`gd] fmeZ]jk ^jge gf] lg \.* ]Y[` j]hj]k]flaf_ l`] j]d]nYfl NBN >Yfcaf_ @Yq af [`jgfgdg_a[Yd gj\]j af l`] ?memdYlagf L]jag\9 "9QY\iGQdUY(AE" e]Yfk* ^gj Yfq NBN >Yfcaf_ @Yq "Y" af l`] ?memdYlagf L]jag\* l`] @Yadq NYl] ^gj l`] NBN >Yfcaf_ @Yq o`a[` ak l`] Yhhda[YZd] HggcZY[c L]jag\ hjagj lg l`Yl NBN >Yfcaf_ @Yq "Y"9 "^Y" e]Yfk* ^gj Yfq NBN >Yfcaf_ @Yq "Y" af l`] ?memdYlagf L]jag\* l`] fmeZ]j g^ [Yd]f\Yj \Yqk ^jge* Yf\ af[dm\af_* l`Yl NBN >Yfcaf_ @Yq "Y" mh lg* Zml ]p[dm\af_* l`] ^gddgoaf_ NBN >Yfcaf_ @Yq9 "TSS" `Yk l`] e]Yfaf_ _an]f lg l`Yl l]je YZgn]9 Yf\ "d^Y" `Yk l`] e]Yfaf_ _an]f lg l`Yl l]je YZgn], 1;5=487:"2:>69;<6"31-"++,/002%#%%**#(%..#+02'#)0+$)(&//%0. 

 

#/046.26.4n6:=?PERA< + BY[adala]k Y_j]]e]fl + Hmp^]j+ ATA?QPEKJ /71 H8=:9JA: ,05 8JBJA6I>K: 8DBEDJC9:9 G;G G6I: P`] "8e]e\QdYfU 8_]`_e^TUT G;G GQdU" ^gj Yfq Efl]j]kl L]jag\ ^gj Y ?gehgmf\]\ NYl] HgYf ak l`] h]j[]flY_] jYl] h]j Yffme (jgmf\]\ lg l`] kYe] fmeZ]j g^ \][aeYd hdY[]k Yk ak kh][a^a]\ af l`] \]^afalagf g^ "6^^eQ\YcUT 8e]e\QdYfU 8_]`_e^TUT 9QY\i GQdU" af k[`]\md] /2 (Daily Non- Cumulative Compounded RFR Rate)) [Yd[mdYl]\ Yk k]l gml Z]dgo8 1 0 0 / ] Z. W 79=>A89@<MCFG Y *M )(( [ KS M̂DB X . 4 3 3 2 Y )(( ) o`]j]8 "T+" e]Yfk l`] fmeZ]j g^ NBN >Yfcaf_ @Yqk \mjaf_ l`] Efl]j]kl L]jag\9 "Y" e]Yfk Y k]ja]k g^ o`gd] fmeZ]jk ^jge gf] lg \+* ]Y[` j]hj]k]flaf_ l`] j]d]nYfl NBN >Yfcaf_ @Yq af [`jgfgdg_a[Yd gj\]j \mjaf_ l`] Efl]j]kl L]jag\9 "9QY\iGQdUY(AE" e]Yfk ^gj Yfq NBN >Yfcaf_ @Yq "Y" \mjaf_ l`] Efl]j]kl L]jag\* l`] @Yadq NYl] ^gj l`] NBN >Yfcaf_ @Yq o`a[` ak l`] Yhhda[YZd] HggcZY[c L]jag\ hjagj lg l`Yl NBN >Yfcaf_ @Yq "Y"9 "^Y" e]Yfk* ^gj Yfq NBN >Yfcaf_ @Yq "Y"* l`] fmeZ]j g^ [Yd]f\Yj \Yqk ^jge* Yf\ af[dm\af_* l`Yl NBN >Yfcaf_ @Yq "Y" mh lg* Zml ]p[dm\af_* l`] ^gddgoaf_ NBN >Yfcaf_ @Yq9 "TSS" e]Yfk 14. gj* af Yfq [Yk] o`]j] eYjc]l hjY[la[] af l`] N]d]nYfl IYjc]l ak lg mk] Y \a^^]j]fl fmeZ]j ^gj imglaf_ l`] fmeZ]j g^ \Yqk af Y q]Yj* l`Yl fmeZ]j9 Yf\ "T" e]Yfk l`] fmeZ]j g^ [Yd]f\Yj \Yqk \mjaf_ l`Yl Efl]j]kl L]jag\, 1;5=487:"2:>69;<6"31-"++,/002%#%%**#(%..#+02'#)0+$)(&//%0. 

 

#/046.26.4n6:=?PERA< + BY[adala]k Y_j]]e]fl + Hmp^]j+ ATA?QPEKJ /72 :M:8JI>DC E6<:H I=: 8DBE6CN AJM;:G =DA9>C<H EA8 >q8XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX I=: DG><>C6A 7DGGDL:GH AJM;:G =DA9>C<H EA8 >q8XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX AJM;:G <GDJE A>B>I:9 >q8XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX 76 =DA9>C<H' >C8) >q8XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX I=: DG><>C6A <J6G6CIDGH AJM;:G =DA9>C<H EA8 >q8XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX AJM;:G <GDJE A>B>I:9 >q8XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX 1;5=487:"2:>69;<6"31-"++,/002%#%%**#(%..#+02'#)0+$)(&//%0. 

 

#/046.26.4n6:=?PERA< + BY[adala]k Y_j]]e]fl + Hmp^]j+ ATA?QPEKJ /73 76 =DA9>C<H' >C8) >q8XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX AJM;:G <GDJE -+++ A>B>I:9 >q8XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX B:A 8=:B>86AH >C8) >q8XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX B6<C:H>JB :A:@IGDC CDGI= 6B:G>86' >C8) >q8XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX AJM;:G <6H 8NA>C9:GH A>B>I:9 >q8XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX AJM;:G <GDJE H:GK>8:H A>B>I:9 >q8XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX B6<C:H>JB :A:@IGDC A>B>I:9 >q8XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX 1;5=487:"2:>69;<6"31-"++,/002%#%%**#(%..#+02'#)0+$)(&//%0. 

 

#/046.26.4n6:=?PERA< + BY[adala]k Y_j]]e]fl + Hmp^]j+ ATA?QPEKJ /74 AJM;:G DK:GH:6H =DA9>C<H A>B>I:9 >q8XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX AJM;:G <6H 8NA>C9:GH 8=>C6 =DA9>C<H A>B>I:9 >q8XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX AJM;:G >C8) >q8XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX G:69: B6CJ;68IJG>C< 8DBE6CN >q8XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX AJM;:G B6<I:8= >C8) >q8XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX HIGJ8IJG6A 8DBEDH>I: >C9JHIG>:H' AA8 >q8XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX 1;5=487:"2:>69;<6"31-"++,/002%#%%**#(%..#+02'#)0+$)(&//%0. 

 

#/046.26.4n6:=?PERA< + BY[adala]k Y_j]]e]fl + Hmp^]j+ ATA?QPEKJ /75 I=: 6<:CI C6I>DC6A L:HIB>CHI:G 76C@ EA8 >q8XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX I=: 6GG6C<:GH 7CE E6G>76H ADC9DC 7G6C8= >q8XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX 8>I>76C@' C)6 ADC9DC 7G6C8=' >q8XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX 8AN9:H96A: 76C@ EA8 I*6 NDG@H=>G: 76C@ >q8XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX ;>;I= I=>G9 76C@' C6I>DC6A 6HHD8>6I>DC >q8XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX C6I>DC6A L:HIB>CHI:G 76C@ EA8 >q8XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX 1;5=487:"2:>69;<6"31-"++,/002%#%%**#(%..#+02'#)0+$)(&//%0. 

 

#/046.26.4n6:=?PERA< + BY[adala]k Y_j]]e]fl + Hmp^]j+ ATA?QPEKJ /76 I=: DG><>C6A A:C9:GH 7CE E6G>76H ADC9DC 7G6C8= >q8XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX 8>I>76C@' C)6 ADC9DC 7G6C8=' >q8XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX 8AN9:H96A: 76C@ EA8 I*6 NDG@H=>G: 76C@ >q8XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX ;>;I= I=>G9 76C@' C6I>DC6A 6HHD8>6I>DC >q8XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX C6I>DC6A L:HIB>CHI:G 76C@ EA8 >q8XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX 1;5=487:"2:>69;<6"31-"++,/002%#%%**#(%..#+02'#)0+$)(&//%0.Exhibit 10.1

 

EMPLOYMENT
AGREEMENT

 

Presented
to Dr. Ben Lerner

 

AGREEMENT,
dated as of February 4, 2022, between IMAC Holdings, Inc., a Delaware corporation (the “Company”), and the Executive identified
on Exhibit A attached hereto (the “Executive”).

 

W
I T N E S S E T H:

 

WHEREAS,
the Company desires to retain the services of the Executive and to that end desires to enter into a contract of employment with him,
upon the terms and conditions herein set forth; and

 

WHEREAS,
the Executive desires to be employed by the Company upon such terms and conditions;

 

NOW,
THEREFORE, in consideration of the premises and of the mutual benefits and covenants contained herein, the parties hereto, intending
to be bound, hereby agree as follows:

 

1.
APPOINTMENT AND TERM

 

Subject
to the terms hereof, the Company hereby employs the Executive, and the Executive hereby accepts employment with the Company, all in accordance
with the terms and conditions set forth herein, for a period commencing on the date (the “Commencement Date”) and ending
on the date (the “Expiration Date”) set forth in Exhibit A, unless the parties mutually agree in writing upon a later
date.

 

    	 

    	 

    

 

2.
DUTIES

 

(a)
During the term of this Agreement, the Executive shall be employed in the position set forth in Exhibit A and shall, unless prevented
by incapacity, devote substantially all of his business time, attention and ability during normal corporate office business hours to
the discharge of his duties hereunder and to the faithful and diligent performance of such duties and the exercise of such powers as
may be assigned to or vested in him by the Board of Directors of the Company (the “Board”), such duties to be consistent
with his position. The Executive shall obey the lawful directions of the Board, and shall use his diligent efforts to promote the interests
of the Company and to maintain and promote the reputation thereof.

 

(b)
Due to the industry expertise of the Executive, Executive has the authority during his term of employment to be engaged in other business
activities, provided it does not impair the ability of the Executive to discharge faithfully his duties hereunder for Company.

 

(c)
Notwithstanding the foregoing provisions, the Executive shall be entitled to serve in various leadership capacities in civic, charitable
and professional organizations. The Executive recognizes that his primary and paramount responsibility is to the Company.

 

(d)
The Executive may be based in a location of his choice and travel on Company business may be necessary at times.

 

3.
REMUNERATION

 

(a)
As compensation for his services pursuant hereto, the Executive shall be paid a base salary during his employment hereunder at the annual
rate set forth in Exhibit A. This amount shall be payable in equal periodic installments in accordance with the usual payroll
practices of the Company.

 

(b)
Except as provided above, in Exhibit A and in Sections 4 and 6 hereof, the Executive shall not be entitled to receive any additional
compensation, remuneration or other payments from the Company.

 

    	2

    	 

    

 

4.
HEALTH INSURANCE AND OTHER FRINGE BENEFITS

 

The
Executive shall be entitled to participate in regular employee fringe benefit programs to the extent such programs are offered by the
Company to its executive employees, including, but not limited to, medical insurance and 401(k) plan.

 

5.
VACATION

 

The
Executive shall be entitled to the number of weeks of vacation set forth in Exhibit A (in addition to the usual national holidays)
during each contract year during which he serves hereunder. Such vacation shall be taken at such time or times as will be mutually agreed
between the Executive and the Company.

 

6.
REIMBURSEMENT FOR EXPENSES

 

The
Executive shall be reimbursed for reasonable documented business expenses incurred in connection with the business of the Company in
accordance with practices and policies established by the Company.

 

7.
TERMINATION

 

(a)
This Agreement shall terminate in accordance with the terms of Section 7(b) hereof; provided, however, that such termination
shall not affect the obligations of the Executive pursuant to the terms of Sections 8 and 9.

 

(b)
This Agreement shall terminate on the Expiration Date; or as follows:

 

(i)
Upon the written notice to the Executive by the Company at any time, because of the willful and material malfeasance, dishonesty or habitual
drug or alcohol abuse by the Executive related to or affecting the performance of his duties, or upon the Executive’s conviction
of a felony, any crime involving moral turpitude (including, without limitation, sexual harassment) related to or affecting the performance
of his duties or any act of fraud, embezzlement, theft or willful breach of fiduciary duty against the Company.

 

    	3

    	 

    

 

(ii)
In the event the Executive, by reason of physical or mental disability, shall be unable to perform the services required of him hereunder
for a period of more than 60 consecutive days, or for more than a total of 90 non-consecutive days in the aggregate during any period
of twelve (12) consecutive calendar months, on the 61st consecutive day, or the 91st day, as the case may be. The Executive agrees, in
the event of any dispute under this Section 7(b)(ii), and after written notice by the Board, to submit to a physical examination by a
licensed physician practicing near the Executive as selected by the Board, and reasonably acceptable to the Executive.

 

(iii)
In the event the Executive dies while employed pursuant hereto, on the day in which his death occurs.

 

(c)
If this Agreement is terminated pursuant to Section 7(b), the Company will have no further liability to the Executive after the date
of termination including, without limitation, the compensation and benefits described herein, except as set forth in Exhibit A.

 

(d)
In the event the Company chooses not to enter into any agreement or amendment extending the Executive’s employment beyond the Expiration
Date, the Company agrees to provide Executive at least sixty (60) days prior written notice of such determination, during which time
the Executive will not be required to perform any duties for the Company, and may seek alternative employment while still being employed
by the Company. If such prior written notice is not given, this Agreement shall be automatically extended by one (1) year and the then
effective annual base salary shall be increased by 8%.

 

    	4

    	 

    

 

(e)
If there is a Change of Control (as defined below), the Executive may terminate his employment at any time within six months after such
Change of Control and the Executive shall continue to be paid pursuant to this Agreement. A Change of Control shall be deemed to have
occurred at such time as any person, other than the Company, its existing shareholders or any of its or their affiliates on the date
hereof, purchases the “beneficial ownership” (as defined in Rule 13d-3 under the Securities Exchange Act of 1934), directly
or indirectly, of 50% or more of the combined voting power of voting securities then ordinarily having the right to vote for directors
of the Company.

 

8.
CONFIDENTIAL INFORMATION

 

(a)
The Executive covenants and agrees that he will not at any time during the continuance of this Agreement or at any time thereafter (i)
print, publish, divulge or communicate to any person, firm, corporation or other business organization (except in connection with the
Executive’s employment hereunder) or use for his own account any secret or confidential information relating to the business of
the Company (including, without limitation, information relating to any customers, suppliers, employees, products, services, formulae,
technology, know-how, trade secrets or the like, financial information or plans) or any secret or confidential information relating to
the affairs, dealings, projects and concerns of the Company, both past and planned (the “Confidential Information”), which
the Executive has received or obtained or may receive or obtain during the course of his employment with the Company (whether or not
developed, devised or otherwise created in whole or in part by the efforts of the Executive), or (ii) take with him, upon termination
of his employment hereunder, any information in paper or document form or on any computer-readable media relating to the foregoing. The
term “Confidential Information” does not include information which is or becomes generally available to the public other
than as a result of disclosure by the Executive or which is generally known in healthcare service businesses. The Executive further covenants
and agrees that he shall retain the Confidential Information received or obtained during such service in trust for the sole benefit of
the Company or its successors and assigns.

 

    	5

    	 

    

 

(b)
The term Confidential Information as defined in Section 8(a) hereof shall include information obtained by the Company from any third
party under an agreement including restrictions on disclosure known to the Executive.

 

(c)
In the event that the Executive is requested pursuant to subpoena or other legal process to disclose any of the Confidential Information,
the Executive will provide the Company with prompt notice so that the Company may seek a protective order or other appropriate remedy
and/or waive compliance with Section 8 of this Agreement. In the event that such protective order or other remedy is not obtained or
that the Company waives compliance with the provisions of Section 8 of this Agreement, the Executive will furnish only that portion of
the Confidential Information which is legally required.

 

9.
RESTRICTIONS DURING EMPLOYMENT AND FOLLOWING TERMINATION

 

(a)
The Executive shall not, during his full term of employment under Section 1 hereof, notwithstanding any earlier termination pursuant
to Section 7(b) hereof, without the prior written consent of the Company, be engaged in a business which is directly competitive with
the Business of the Company. The term “Business of the Company” shall mean developing, providing and marketing outpatient
spinal health and wellness medical care. The Company consents to Executive providing consulting services to chiropractic clinic owners.

 

(b)
The Executive shall not, for a period of one hundred eighty (180) days after termination of his employment hereunder, either on his own
behalf or on behalf of any other person, firm, corporation or other business organization, endeavor to entice away from the Company any
person who, at any time during the continuance of this Agreement, was an employee of the Company.

 

    	6

    	 

    

 

(c)
The Executive shall not, for a period of one hundred eighty (180) days after termination of his employment hereunder, either on his own
behalf or on behalf of any other person, firm, corporation or other business organization, solicit or direct others to solicit, any of
the Company’s customers or prospective customers (including, but not limited to, those customers or prospective customers with
whom the Executive had a business relationship during his term of employment) for any purpose or for any activity which is competitive
with all or part of the Business of the Company.

 

(d)
It is understood by and between the parties hereto that the foregoing covenants by the Executive set forth in this Section 9 are essential
elements of this Agreement and that, but for the agreement of the Executive to comply with such covenants, the Company would not have
entered into this Agreement. It is recognized by the Executive that the Company currently operates in, and may continue to expand its
operations throughout, the geographical territories referred to in Section 9(a) above. The Company and the Executive have independently
consulted with their respective counsel and have been advised in all respects concerning the reasonableness and propriety of such covenants.

 

10.
REMEDIES

 

(a)
Without intending to limit the remedies available to the Company, it is mutually understood and agreed that the Executive’s services
are of a special, unique, unusual, extraordinary and intellectual character giving them a peculiar value, the loss of which may not be
reasonably or adequately compensated in damages in an action at law, and, therefore, in the event of any material breach by the Executive
that continues after any applicable cure period, the Company shall be entitled to equitable relief by way of injunction or otherwise.

 

    	7

    	 

    

 

(b)
The covenants of Section 8 shall be construed as independent of any other provisions contained in this Agreement and shall be enforceable
as aforesaid notwithstanding the existence of any claim or cause of action of the Executive against the Company, whether based on this
Agreement or otherwise. In the event that any of the provisions of Sections 8 or 9 hereof should ever be adjudicated to exceed the time,
geographic, product/service or other limitations permitted by applicable law in any jurisdiction, then such provisions shall be deemed
reformed in any such jurisdiction to the maximum time, geographic, product/service or other limitations permitted by applicable law.

 

11.
COMPLIANCE WITH OTHER AGREEMENTS

 

The
Executive represents and warrants to the Company that the execution of this Agreement by him and his performance of his obligations hereunder
will not, with or without the giving of notice or the passage of time or both, conflict with, result in the breach of any provision of
or the termination of, or constitute a default under, any agreement to which the Executive is a party or by which the Executive is or
may be bound.

 

12.
WAIVERS

 

The
waiver by the Company or the Executive of a breach of any of the provisions of this Agreement shall not operate or be construed as a
waiver of any subsequent breach.

 

13.
BINDING EFFECT; BENEFITS

 

This
Agreement shall inure to the benefit of, and shall be binding upon, the parties hereto and their respective successors, assigns, heirs
and legal representatives, including any corporation or other business organization with which the Company may merge or consolidate or
sell all or substantially all of its assets. Insofar as the Executive is concerned, this contract, being personal, cannot be assigned.

 

    	8

    	 

    

 

14.
NOTICES

 

All
notices and other communications which are required or may be given under this Agreement shall be in writing and shall be deemed to have
been duly given when delivered to the person to whom such notice is to be given at his or its address et forth below, or such other address
for the party as shall be specified by notice given pursuant hereto:

 

	 	(a)
    	If
    to the Executive, to him at the address set forth in Exhibit A.
	 	 	 
	 	 	and
	 	 	 
	 	(b)	If
    to the Company, to it at:
	 	 	 
	 	 	IMAC
    Holdings, Inc.
	 	 	1605
    Westgate Circle
	 	 	Brentwood,
    TN 37027
	 	 	Attention:
    Chairman of the Board
	 	 	 
	 	 	with
    a copy to:
	 	 	 
	 	 	Olshan
    Frome Wolosky LLP
	 	 	1325
    Avenue of the Americas, 15th Floor
	 	 	New
    York, New York 10019
	 	 	Attention:
    Spencer G. Feldman, Esq.

 

15.
MISCELLANEOUS

 

(a)
This Agreement contains the entire agreement between the parties hereto and supersedes all prior agreements and understandings, oral
or written, between the parties hereto with respect to the subject matter hereof. This Agreement may not be changed, modified, extended
or terminated except upon written amendment approved by the Board and executed by a duly authorized officer of the Company.

 

    	9

    	 

    

 

(b)
The Executive acknowledges that from time to time, the Company may establish, maintain and distribute employee manuals of handbooks or
personnel policy manuals, and officers or other representatives of the Company may make written or oral statements relating to personnel
policies and procedures. Such manuals, handbooks and statements are intended only for general guidance. No policies, procedures or statements
of any nature by or on behalf of the Company (whether written or oral, and whether or not contained in any employee manual or handbook
or personnel policy manual), and no acts or practices of any nature, shall be construed to modify this Agreement or to create express
or implied obligations of any nature to the Executive.

 

(c)
The Company shall have no obligation actually to utilize the Executive’s services; if the Company elects not to use the Executive’s
services at any time, the Company’s obligations to the Executive shall be satisfied, in all respects, by the payment to the Executive
for the balance of the term of the Executive’s employment under this Agreement, the compensation provided in Section 3, plus any
other amounts payable to the Executive and the continuation of benefits under Section 4. During such remaining term of employment, the
Executive will not be required to perform any duties for the Company and shall be entitled to seek other employment provided that such
employment would not violate the terms of this Agreement, including Sections 8 and 9 hereof; and the seeking of such employment shall
not be deemed a violation of this Agreement.

 

(d)
This Agreement may be executed in counterparts, each of which shall be deemed to be an original, but all of which together shall constitute
one and the same instrument.

 

    	10

    	 

    

 

(e)
All questions pertaining to the validity, construction, execution and performance of this Agreement shall be governed by and construed
in accordance with the laws of the State of Florida, without regard to its conflict of law principles.

 

(f)
Any controversy or claim arising from, out of or relating to this Agreement, or the breach hereof (other than controversies or claims
arising from, out of or relating to the provisions in Sections 8, 9 and 10), shall be resolved through mediation. The decision of the
mediator may be entered and enforced in any court of competent jurisdiction by either the Company or the Executive.

 

 

IN
WITNESS WHEREOF, the parties hereto have executed this Agreement as of the day and year first above written.

 

	 	IMAC
    HOLDINGS, INC.
	 	 	 
	 	By:	/s/
    Jeff Ervin
	 		Name:
    Jeff Ervin
	 		Title:
    Chief Executive Officer
	 	 	 
	 	EXECUTIVE
	 	 	 
	 	/s/ Dr. Ben Lerner
	 	Name:	Dr.
    Ben Lerner

 

    	11

    	 

    

 

EXHIBIT
A TO THE EMPLOYMENT AGREEMENT,

DATED
AS OF FEBRUARY 4, 2022,

BETWEEN
IMAC HOLDINGS, INC. AND DR. BEN LERNER

 

A.
For Section 1:

 

The
Commencement Date referred to in Section 1 shall be February 21, 2022.

 

B.
For Section 2:

 

The
position of the Executive referred to in Section 2 shall be Chief Operating Officer.

 

C.
For Section 3(a):

 

The
annual rate referred to in Section 3(a) shall be: Three Hundred Thousand ($300,000) dollars starting on the Commencement Date for a duration
of 365 days. The term of the agreement shall be three (3) years.

 

D.
For Section 3(b):

 

In
addition to the compensation referred to in Section 3(a), the Company shall also pay to the Executive:

 

	 	●	$25,000
    signing bonus paid in accordance with standard payroll practices on the Commencement Date.
	 	 	 
	 	●	100,000
    restricted shares of IMAC stock at Nasdaq official closing price on day prior to Commencement Date.
	 	 	 
	 	●	50,000
    stock options, 2 year vesting, with strike price at Nasdaq official closing price on day prior to Commencement Date.
	 	 	 
	 	●	$2,500
    bonus paid in shares of IMAC stock at the Nasdaq official closing price on November 1, 2022, for each IMAC clinic recording positive
    net income for the 3rd quarter, 2022.
	 	 	 
	 	●	$5,000
    per back.co franchise fee collected (net of any applicable cancelations/refunds)
	 	 	 
	 	●	$2,500
    per back.co franchise fee collected for franchises you directly sourced
	 	 	 
	 	●	25%
    of net income from goods
	 	 	 
	 	●	The
    Executive shall be reimbursed $100 per month for the business use of his personal automobile and up to $100 per month for the business
    use of his personal cell phone.

 

E.
For Section 4:

 

The
Health Insurance and Other Company Paid Fringe Benefits for the Executive shall include:

 

Option
to enroll in Group Medical, Dental, Vision insurance

 

Option
to participate in company sponsored 401k plan

 

    	12

    	 

    

 

F.
For Section 5:

 

The
length of vacation referred to in Section 5 shall be one (1) week per calendar quarter starting in the 2nd quarter, 2022.

 

G.
For Sections 7 and 15(c):

 

In
the case of termination pursuant to Section 7(b)(ii), the Executive will receive his then current salary until such time as payments
begin under any disability insurance plan or Supplemental Long-Term Disability Benefit of the Executive and, in the case of termination
pursuant to Section 7(b)(iii), the Executive’s spouse will continue to receive Executive’s then current salary for a period
of three (3) months and the Executive’s spouse will continue to receive Company-paid individual health insurance benefits for six
(6) months. In the case of termination pursuant to Sections 7(b)(ii), 7(b)(iii) or 15(c), the Executive, his heirs or assignees may elect
to have any, or all, stock options, warrants or other other grants under the Company’s Incentive Compensation Plans to become immediately
exercisable.

 

H.
For Section 14:

 

The
address of the Executive referred to in Section 14 shall be:

 

	 	6874
    Valhalla Way
	 	Windermere,
FL 34786

 

    	13

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