Senior Facilities Agreement dated as of October 26, 2021

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.

 

#/046.26.4n6:=?PERA< + BY[adala]k Y_j]]e]fl + Hmp^]j+ ATA?QPEKJ 1 "6\dUb^QdYfU IUb] GQdU" e]Yfk Yfq jYl] kh][a^a]\ Yk km[` af l`] Yhhda[YZd] N]^]j]f[] NYl] P]jek9 "6\dUb^QdYfU IUb] GQdU 6TZecd]U^d" e]Yfk Yfq jYl] o`a[` ak ]al`]j8 (Y) kh][a^a]\ Yk km[` af l`] Yhhda[YZd] N]^]j]f[] NYl] P]jek9 gj (Z) \]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 kh][a^a]\ af l`] Yhhda[YZd] N]^]j]f[] NYl] P]jek9 "6^SY\\Qbi 8_]]U^SU]U^d 9QdU" e]Yfk* af j]dYlagf lg Yf =f[addYjq BY[adalq* l`] \Yl] gf o`a[` l`Yl =f[addYjq BY[adalq ak ^ajkl eY\] YnYadYZd]* o`a[` \Yl] k`Ydd Z] Y >mkaf]kk @Yq oal`af l`] =nYadYZadalq L]jag\ ^gj l`] BY[adalq9 "6^SY\\Qbi 8_]]Yd]U^d" e]Yfk* af j]dYlagf lg Yf =f[addYjq H]f\]j Yf\ Yf =f[addYjq BY[adalq* l`] eYpaeme >Yk] ?mjj]f[q =egmfl o`a[` l`Yl =f[addYjq H]f\]j `Yk Y_j]]\ (o`]l`]j gj fgl kmZb][l lg kYlak^Y[lagf g^ [gf\alagfk hj][]\]fl) lg eYc] YnYadYZd] ^jge lae] lg lae] mf\]j Yf =f[addYjq BY[adalq Yf\ o`a[` `Yk Z]]f Yml`gjak]\ Yk km[` mf\]j ?dYmk] 5 (Ancillary Facilities)* lg l`] ]pl]fl l`Yl Yegmfl ak fgl [Yf[]dd]\ gj j]\m[]\ mf\]j l`ak =_j]]e]fl gj l`] =f[addYjq @g[me]flk j]dYlaf_ lg l`Yl =f[addYjq BY[adalq9 "6^SY\\Qbi 9_Se]U^d" e]Yfk ]Y[` \g[me]fl j]dYlaf_ lg gj ]na\]f[af_ l`] l]jek g^ Yf =f[addYjq BY[adalq9 "6^SY\\Qbi ;QSY\Ydi" e]Yfk Yfq Yf[addYjq ^Y[adalq eY\] YnYadYZd] Zq Yf =f[addYjq H]f\]j af Y[[gj\Yf[] oal` [dYmk] 5 (Ancillary Facilities)9 "6^SY\\Qbi AU^TUb" e]Yfk ]Y[` H]f\]j (gj =^^adaYl] g^ Y H]f\]j) o`a[` eYc]k YnYadYZd] Yf =f[addYjq BY[adalq af Y[[gj\Yf[] oal` [dYmk] 5 (Ancillary Facilities)* afalaYddq Z]af_ l`] Kja_afYd =f[addYjq H]f\]jk9 "6^SY\\Qbi DedcdQ^TY^Wc" e]Yfk* Yl Yfq lae]* af j]dYlagf lg Yf =f[addYjq H]f\]j Yf\ Yf =f[addYjq BY[adalq l`]f af ^gj[] l`] Y__j]_Yl] g^ l`] ]imanYd]flk (Yk [Yd[mdYl]\ Zq l`Yl =f[addYjq H]f\]j) af l`] >Yk] ?mjj]f[q g^ l`] ^gddgoaf_ Yegmflk gmlklYf\af_ mf\]j l`Yl =f[addYjq BY[adalq8 (Y) l`] hjaf[ahYd Yegmfl mf\]j ]Y[` gn]j\jY^l ^Y[adalq Yf\ gf+\]eYf\ k`gjl l]je dgYf ^Y[adalq (f]l g^ Yfq =nYadYZd] ?j]\al >YdYf[])9 (Z) l`] hjaf[ahYd gmlklYf\af_ Yegmfl g^ ]Y[` _mYjYfl]]* Zgf\ Yf\ d]ll]j g^ [j]\al mf\]j l`Yl =f[addYjq BY[adalq (d]kk Yfq Yegmfl hj]hYa\ gj j]hYa\ af j]kh][l g^ km[` afkljme]fl Yf\ lYcaf_ Y[[gmfl g^ Yfq \][j]Yk] af l`] daYZadalq mf\]j km[` afkljme]fl Yk Y [gfk]im]f[] g^ Y \][j]Yk] af l`] mf\]jdqaf_ daYZadalq af j]kh][l g^ o`a[` km[` afkljme]fl oYk akkm]\)9 Yf\ ([) l`] Yegmfl ^Yajdq j]hj]k]flaf_ l`] Y__j]_Yl] ]phgkmj] (]p[dm\af_ afl]j]kl Yf\ kaeadYj [`Yj_]k) g^ l`Yl =f[addYjq H]f\]j mf\]j ]Y[` gl`]j lqh] g^ Y[[geeg\Ylagf hjgna\]\ mf\]j l`Yl =f[addYjq BY[adalq* af ]Y[` [Yk]* lg l`] ]pl]fl Y_j]]\ Z]lo]]f l`] ?gehYfq Yf\ l`Yl =f[addYjq H]f\]j* f]l g^ Yfq [j]\al ZYdYf[]k gf Yfq Y[[gmfl g^ Yfq >gjjgo]j g^ Yf =f[addYjq BY[adalq oal` l`] =f[addYjq H]f\]j eYcaf_ YnYadYZd] l`Yl =f[addYjq BY[adalq lg l`] ]pl]fl l`Yl l`] [j]\al ZYdYf[]k Yj] ^j]]dq YnYadYZd] lg Z] k]l g^^ Zq l`Yl =f[addYjq H]f\]j Y_Yafkl daYZadala]k go]\ lg al Zq l`Yl >gjjgo]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 mf\]j l`Yl =f[addYjq BY[adalq Yf\* af ]Y[` [Yk]* Yk \]l]jeaf]\ Zq km[` =f[addYjq H]f\]j* Y[laf_ j]YkgfYZdq Yf\ af Y[[gj\Yf[] oal` l`] j]d]nYfl =f[addYjq @g[me]fl* gj (a^ fgl hjgna\]\ ^gj af l`] j]d]nYfl =f[addYjq @g[me]fl)* Y^l]j [gfkmdlYlagf Yf\ Yk Y_j]]\ oal` l`] j]d]nYfl >gjjgo]j* af Y[[gj\Yf[] oal` alk fgjeYd ZYfcaf_ hjY[la[] Yf\ l`] j]d]nYfl =f[addYjq @g[me]fl, Bgj l`] hmjhgk]k g^ l`ak \]^afalagf8 (a) af j]dYlagf lg Yfq QladakYlagf \]fgeafYl]\ af l`] >Yk] ?mjj]f[q* l`] Yegmfl g^ l`Yl QladakYlagf (\]l]jeaf]\ Yk \]k[jaZ]\ af hYjY_jYh`k (Y) lg ([) YZgn]) k`Ydd Z] mk]\ Yf\ (aa) af j]dYlagf lg Yfq QladakYlagf fgl \]fgeafYl]\ af l`] >Yk] ?mjj]f[q* l`] ]imanYd]fl ([Yd[mdYl]\ Yk kh][a^a]\ af l`] j]d]nYfl =f[addYjq @g[me]fl gj* a^ fgl kg kh][a^a]\* Yk l`] j]d]nYfl =f[addYjq H]f\]j eYq kh][a^q* af ]Y[` [Yk] af Y[[gj\Yf[] oal` alk mkmYd hjY[la[] Yl l`Yl lae] ^gj [Yd[mdYlaf_ l`Yl ]imanYd]fl af l`] >Yk] ?mjj]f[q (Y[laf_ j]YkgfYZdq)) g^ l`] Yegmfl g^ l`Yl QladakYlagf (\]l]jeaf]\ Yk \]k[jaZ]\ af hYjY_jYh`k (Y) lg ([) YZgn]) k`Ydd Z] mk]\9 "6^^eQ\ ;Y^Q^SYQ\ HdQdU]U^dc" e]Yfk l`] ^afYf[aYd klYl]e]flk ^gj ]Y[` BafYf[aYd U]Yj \]dan]j]\ hmjkmYfl lg [dYmk] 00,/ (Financial statements)9 "6^dY(8_bbe`dY_^ AQgc" e]Yfk Ydd dYok g^ Yfq bmjak\a[lagf Yhhda[YZd] lg Yf KZda_gj ^jge lae] lg lae] [gf[]jfaf_ gj j]dYlaf_ lg Yfla+ZjaZ]jq gj Yfla+[gjjmhlagf af[dm\af_ Zml fgl daeal]\ lg* l`] Qfal]\ Gaf_\ge >jaZ]jq =[l 0./. Yf\ l`] QO Bgj]a_f ?gjjmhl LjY[la[]k =[l g^ /7559 "6^dY(IUbb_bYc] AQg" e]Yfk Yfq QO klYl] gj ^]\]jYd dYo j]dYlaf_ lg l]jjgjake gj egf]q dYmf\]jaf_* af[dm\af_ l`] Ap][mlan] Kj\]j* l`] QO= LYljagl =[l Yf\ l`] Igf]q HYmf\]jaf_ ?gfljgd =[l g^ /764* LmZda[ HYo 77+35.9 "6ccYW^]U^d 6WbUU]U^d" e]Yfk Yf Y_j]]e]fl kmZklYflaYddq af l`] ^gje k]l gml af k[`]\md] 3 (Form of Assignment Agreement) gj Yfq gl`]j ^gje Y_j]]\ Z]lo]]f l`] j]d]nYfl Ykka_fgj Yf\ Ykka_f]]9 "6edX_bYcQdY_^" e]Yfk Yf Yml`gjakYlagf* [gfk]fl* YhhjgnYd* j]kgdmlagf* da[]f[]* ]p]ehlagf* ^adaf_* fglYjakYlagf gj j]_akljYlagf9 "6fQY\QR\U 8bUTYd 7Q\Q^SU" e]Yfk* af j]dYlagf lg Yf =f[addYjq BY[adalq* [j]\al ZYdYf[]k gf Yfq Y[[gmfl g^ Yfq >gjjgo]j g^ l`Yl =f[addYjq BY[adalq oal` l`] =f[addYjq H]f\]j eYcaf_ YnYadYZd] l`Yl =f[addYjq BY[adalq lg l`] ]pl]fl l`Yl l`gk] [j]\al ZYdYf[]k Yj] ^j]]dq YnYadYZd] lg Z] k]l g^^ Zq l`Yl =f[addYjq H]f\]j Y_Yafkl daYZadala]k go]\ lg al Zq l`Yl >gjjgo]j mf\]j l`Yl =f[addYjq BY[adalq9 "6fQY\QRY\Ydi EUbY_T" e]Yfk l`] h]jag\ ^jge Yf\ af[dm\af_ l`] \Yl] g^ l`ak =_j]]e]fl lg Yf\ af[dm\af_ l`] \Yl] ^Yddaf_ gf] Igfl` Z]^gj] l`] P]jeafYlagf @Yl]9 "6fQY\QR\U 8_]]Yd]U^d" e]Yfk* Y H]f\]j'k ?geeale]fl* eafmk8 (Y) l`] >Yk] ?mjj]f[q =egmfl g^ alk hYjla[ahYlagf af Yfq gmlklYf\af_ HgYfk Yf\ l`] >Yk] ?mjj]f[q =egmfl g^ l`] Y__j]_Yl] g^ alk (Yf\ alk =^^adaYl]'k) Yhhda[YZd] =f[addYjq ?geeale]flk9 Yf\ (Z) af j]dYlagf lg Yfq hjghgk]\ HgYf* l`] >Yk] ?mjj]f[q =egmfl g^ alk hYjla[ahYlagf af Yfq gl`]j HgYfk l`Yl Yj] \m] lg Z] eY\] mf\]j l`] BY[adalq gf gj Z]^gj] l`] hjghgk]\ QladakYlagf @Yl] Yf\ l`] >Yk] ?mjj]f[q =egmfl g^ alk =f[addYjq ?geeale]fl af j]dYlagf lg Yfq f]o =f[addYjq BY[adalq l`Yl ak \m] lg Z] eY\] YnYadYZd] gf gj Z]^gj] l`] hjghgk]\ QladakYlagf @Yl]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 3 Bgj l`] hmjhgk]k g^ [Yd[mdYlaf_ Y H]f\]j'k =nYadYZd] ?geeale]fl af j]dYlagf lg Yfq hjghgk]\ HgYf l`] ^gddgoaf_ Yegmflk k`Ydd fgl Z] \]\m[l]\ ^jge Y H]f\]j'k ?geeale]fl8 (a) l`Yl H]f\]j'k hYjla[ahYlagf af Yfq HgYfk l`Yl Yj] \m] lg Z] j]hYa\ gj hj]hYa\ gf gj Z]^gj] l`] hjghgk]\ QladakYlagf @Yl]9 Yf\ (aa) l`Yl H]f\]j'k =f[addYjq ?geeale]flk lg l`] ]pl]fl l`Yl l`]q Yj] \m] lg Z] j]\m[]\ gj [Yf[]dd]\ gf gj Z]^gj] l`] hjghgk]\ QladakYlagf @Yl]9 "6fQY\QR\U ;QSY\Ydi" e]Yfk l`] Y__j]_Yl] ^gj l`] lae] Z]af_ g^ ]Y[` H]f\]j'k =nYadYZd] ?geeale]fl9 "7QcU 8ebbU^Si" e]Yfk QO \gddYjk9 "7QcU 8ebbU^Si 6]_e^d" e]Yfk8 (Y) af j]dYlagf lg Y HgYf* l`] Yegmfl kh][a^a]\ af l`] QladakYlagf N]im]kl \]dan]j]\ Zq Y >gjjgo]j (gj l`] ?gehYfq gf alk Z]`Yd^) ^gj l`Yl HgYf (gj* a^ l`] Yegmfl j]im]kl]\ ak fgl \]fgeafYl]\ af l`] >Yk] ?mjj]f[q* l`Yl Yegmfl [gfn]jl]\ aflg l`] >Yk] ?mjj]f[q Yl l`] =_]fl'k Ohgl NYl] g^ Ap[`Yf_] gf l`] \Yl] o`a[` ak l`j]] >mkaf]kk @Yqk Z]^gj] l`] QladakYlagf @Yl] gj* a^ dYl]j* gf l`] \Yl] l`] =_]fl j][]an]k l`] QladakYlagf N]im]kl)9 Yf\ (Z) af j]dYlagf lg Yf =f[addYjq ?geeale]fl* l`] Yegmfl kh][a^a]\ Yk km[` af l`] fgla[] \]dan]j]\ lg l`] =_]fl Zq l`] ?gehYfq hmjkmYfl lg [dYmk] 5,0 (Availability) (gj* a^ l`] Yegmfl kh][a^a]\ ak fgl \]fgeafYl]\ af l`] >Yk] ?mjj]f[q* l`Yl Yegmfl [gfn]jl]\ aflg l`] >Yk] ?mjj]f[q Yl l`] =_]fl'k Ohgl NYl] g^ Ap[`Yf_] gf l`] \Yl] o`a[` ak l`j]] >mkaf]kk @Yqk Z]^gj] l`] =f[addYjq ?gee]f[]e]fl @Yl] ^gj l`Yl =f[addYjq BY[adalq gj* a^ dYl]j* l`] \Yl] l`] =_]fl j][]an]k l`] fgla[] g^ l`] =f[addYjq ?geeale]fl af Y[[gj\Yf[] oal` l`] l]jek g^ l`ak =_j]]e]fl)* Yk Y\bmkl]\ lg j]^d][l Yfq j]hYqe]fl gj hj]hYqe]fl g^ Y HgYf gj (Yk l`] [Yk] eYq Z]) [Yf[]ddYlagf gj j]\m[lagf g^ Yf =f[addYjq BY[adalq9 "7QcU\Y^U 86H" e]Yfk* af j]dYlagf lg Y ?gehgmf\]\ NYl] HgYf af Y ?gehgmf\]\ NYl] ?mjj]f[q* Yfq jYl] o`a[` ak ]al`]j8 (Y) kh][a^a]\ Yk km[` af l`] Yhhda[YZd] N]^]j]f[] NYl] P]jek9 gj (Z) \]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 kh][a^a]\ af l`] Yhhda[YZd] N]^]j]f[] NYl] P]jek9 "7QcU\ >>>" ]UQ^c5 (Y) l`] Y_j]]e]flk gf [YhalYd j]imaj]e]flk* Y d]n]jY_] jYlag Yf\ daima\alq klYf\Yj\k [gflYaf]\ af "Basel III: A global regulatory framework for more resilient banks and banking systemk"* "Basel III: International framework for liquidity risk measurement, standards and monitoring" Yf\ "Guidance for national authorities operating the countercyclical capital buffer" hmZdak`]\ Zq l`] >Yk]d ?geeall]] gf >Yfcaf_ Omh]jnakagf af @][]eZ]j 0./.* ]Y[` Yk Ye]f\]\* kmhhd]e]fl]\ gj j]klYl]\9 (Z) l`] jmd]k ^gj _dgZYd kqkl]ea[Yddq aehgjlYfl ZYfck [gflYaf]\ af "Global systemically important banks: assessment methodology and the additional loss absorbency 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 5 "8QcX :aeYfQ\U^d >^fUcd]U^dc" e]Yfk Yl Yfq lae]8 (Y) []jla^a[Yl]k g^ \]hgkal gj lae] \]hgkalk eYlmjaf_ oal`af l`j]] Igfl`k Y^l]j l`] j]d]nYfl \Yl] g^ [Yd[mdYlagf Yf\ akkm]\ Zq Yf =[[]hlYZd] >Yfc9 (Z) Yfq afn]kle]fl af eYjc]lYZd] \]Zl gZda_Ylagfk akkm]\ gj _mYjYfl]]\ Zq l`] _gn]jfe]fl g^ l`] Qfal]\ OlYl]k g^ =e]ja[Y* l`] Qfal]\ Gaf_\ge gj Yfq e]eZ]j klYl] g^ l`] Amjgh]Yf A[gfgea[ =j]Y (kmZb][l lg Yfq km[` e]eZ]j klYl] g^ l`] Amjgh]Yf A[gfgea[ =j]Y `Ynaf_ Y [j]\al jYlaf_ ]imanYd]fl lg gj Z]ll]j l`Yf l`] Qfal]\ OlYl]k g^ =e]ja[Y gj l`] Qfal]\ Gaf_\ge)* gj Zq Yf afkljme]flYdalq gj Y_]f[q g^ Yfq g^ l`]e `Ynaf_ Yf ]imanYd]fl [j]\al jYlaf_* eYlmjaf_ oal`af l`j]] Igfl`k Y^l]j l`] j]d]nYfl \Yl] g^ [Yd[mdYlagf Yf\ fgl [gfn]jlaZd] gj ]p[`Yf_]YZd] lg Yfq gl`]j k][mjalq9 ([) [gee]j[aYd hYh]j fgl [gfn]jlaZd] gj ]p[`Yf_]YZd] lg Yfq gl`]j k][mjalq8 (a) ^gj o`a[` Y j][g_fak]\ ljY\af_ eYjc]l ]paklk9 (aa) akkm]\ Zq Yf akkm]j af[gjhgjYl]\ af l`] Qfal]\ OlYl]k g^ =e]ja[Y* l`] Qfal]\ Gaf_\ge gj Yfq e]eZ]j OlYl] g^ l`] Amjgh]Yf A[gfgea[ =j]Y9 (aaa) o`a[` eYlmj]k oal`af l`j]] Igfl`k Y^l]j l`] j]d]nYfl \Yl] g^ [Yd[mdYlagf9 Yf\ (an) o`a[` `Yk Y [j]\al jYlaf_ g^ ]al`]j =+/ gj `a_`]j Zq OlYf\Yj\ & Lggj'k NYlaf_ O]jna[]k* B+/ gj `a_`]j Zq Bal[` NYlaf_k Hl\ gj L+/ gj `a_`]j Zq Igg\q'k Efn]klgjk O]jna[] Haeal]\* gj* a^ fg jYlaf_ ak YnYadYZd] af j]kh][l g^ l`] [gee]j[aYd hYh]j* l`] akkm]j g^ o`a[` `Yk* af j]kh][l g^ alk dgf_+l]je mfk][mj]\ Yf\ fgf+[j]\al ]f`Yf[]\ \]Zl gZda_Ylagfk* Yf ]imanYd]fl jYlaf_9 (\) Yfq afn]kle]fl af egf]q eYjc]l ^mf\k o`a[`8 (a) `Yn] Y [j]\al jYlaf_ g^ ]al`]j =+/ gj `a_`]j Zq OlYf\Yj\ & Lggj'k NYlaf_ O]jna[]k* B+/ gj `a_`]j Zq Bal[` NYlaf_k Hl\ gj L+/ gj `a_`]j Zq Igg\q'k Efn]klgjk O]jna[] Haeal]\9 (aa) afn]kl kmZklYflaYddq Ydd l`]aj Ykk]lk af k][mjala]k g^ l`] lqh]k \]k[jaZ]\ af hYjY_jYh`k (Y) lg ([)9 Yf\ (aaa) [Yf Z] lmjf]\ aflg [Yk` gf fgl egj] l`Yf 1. \Yqk' fgla[]9 gj (]) Yfq gl`]j \]Zl k][mjalq Yhhjgn]\ Zq l`] IYbgjalq H]f\]jk* af ]Y[` [Yk]* \]fgeafYl]\ af kl]jdaf_ gj Yf KhlagfYd ?mjj]f[q Yf\ lg o`a[` Y e]eZ]j g^ l`] Cjgmh ak Ydgf] gj lg_]l`]j oal` gl`]j e]eZ]jk g^ l`] Cjgmh Z]f]^a[aYddq ]flald]\ Yl l`Yl lae] Yf\ o`a[` ak fgl akkm]\ gj _mYjYfl]]\ Zq Yfq e]eZ]j g^ l`] Cjgmh gj kmZb][l lg Yfq O][mjalq9 "8U^dbQ\ 7Q^[ GQdU" `Yk l`] e]Yfaf_ _an]f lg l`Yl l]je af l`] Yhhda[YZd] N]^]j]f[] NYl] P]jek9 "8U^dbQ\ 7Q^[ GQdU 6TZecd]U^d" `Yk l`] e]Yfaf_ _an]f lg l`Yl l]je af l`] Yhhda[YZd] N]^]j]f[] NYl] P]jek9 "8XY^Q AU^TY^W 6bbQ^WU]U^d" e]Yfk l`] hjg[]kk g^ Hmp^]j CYk ?qdaf\]jk O`Yf_`Ya ?g Hl\ \]hgkalaf_ egf]q oal` Yfq ZYfc gj ^afYf[aYd afklalmlagf af ?`afY* o`a[` oadd af lmjf d]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 6 l`] kYe] Yegmfl (d]kk Yfq ^]]k) lg Yf Af_dak` KZda_gj* kg Yk lg j]d]Yk] ?Yk` o`a[` ak [mjj]fldq `]d\ af Hmp^]j CYk ?qdaf\]jk O`Yf_`Ya ?g Hl\* hjgna\]\ l`Yl l`] Y__j]_Yl] Yegmfl go]\ Zq l`] Af_dak` KZda_gjk mf\]j km[` YjjYf_]e]fl Yl fg lae] ]p[]]\k QO@ 3*...*...9 "8\UQ^(J` 9UVQe\d" e]Yfk Yf An]fl g^ @]^Ymdl gl`]j l`Yf Yf An]fl g^ @]^Ymdl o`a[` j]dYl]k lg [dYmk] 03,/ (Non-payment)* [dYmk] 03,0 (Financial covenants and other obligations)* [dYmk] 03,4 (Insolvency)* [dYmk] 03,5 (Insolvency proceedings)* [dYmk] 03,6 (Creditors' process)* [dYmk] 03,/. (Unlawfulness)* [dYmk] 03,// (Repudiation) Yf\ [dYmk] 03,/0 (Cessation of business)9 "8\UQ^(J` EUbY_T" e]Yfk af j]dYlagf lg Yfq L]jeall]\ =[imakalagf* l`] h]jag\ Z]_affaf_ gf l`] [gehd]lagf \Yl] ^gj l`Yl Y[imakalagf Yf\ ]f\af_ gf l`] \Yl] ^Yddaf_ 7. \Yqk Y^l]j l`Yl [gehd]lagf \Yl] gj gf km[` gl`]j \Yl] Y_j]]\ Zq l`] IYbgjalq H]f\]jk9 "8\UQ^(J` GU`bUcU^dQdY_^" e]Yfk Yfq g^ l`] j]hj]k]flYlagfk Yf\ oYjjYfla]k mf\]j [dYmk] 0/ (Representations) gl`]j l`Yf l`gk] k]l gml af [dYmk] 0/,5 (Insolvency)* 0/,00 (Anti- Corruption Laws and Sanctions)* "8\UQ^(J` J^TUbdQ[Y^W" e]Yfk Yfq g^ l`] mf\]jlYcaf_k kh][a^a]\ af [dYmk] 02 (Undertakings) gl`]j l`Yf l`gk] k]l gml af [dYmk] 02,/6 (Anti-Corruption Laws and Sanctions)9 "8_TU" e]Yfk l`] QO Efl]jfYd N]n]fm] ?g\] g^ /7649 "8_]]Yd]U^d" e]Yfk8 (Y) af j]dYlagf lg Yf Kja_afYd H]f\]j* l`] Yegmfl af l`] >Yk] ?mjj]f[q k]l ghhgkal] alk fYe] mf\]j l`] `]Y\af_ "Commitment" af hYjl 0 g^ k[`]\md] / (The Original Parties) Yf\ l`] Yegmfl g^ Yfq gl`]j ?geeale]fl ljYfk^]jj]\ lg al mf\]j l`ak =_j]]e]fl gj Ykkme]\ Zq al af Y[[gj\Yf[] oal` [dYmk] 0,0 (Increase)9 (Z) af j]dYlagf lg Yfq gl`]j H]f\]j* l`] Yegmfl af l`] >Yk] ?mjj]f[q g^ Yfq ?geeale]fl ljYfk^]jj]\ lg al mf\]j l`ak =_j]]e]fl gj Ykkme]\ Zq al af Y[[gj\Yf[] oal` [dYmk] 0,0 (Increase)9 Yf\ ([) ^gj Yfq =\\alagfYd =[[gj\agf H]f\]j gj Ef[j]Ykaf_ =[[gj\agf H]f\]j* l`] Yegmfl g^ l`] =\\alagfYd BY[adalq ?geeale]fl Ykkme]\ Zq al hmjkmYfl lg [dYmk] 0,1 (Accordion - increase in the Facility)* lg l`] ]pl]fl fgl [Yf[]dd]\* j]\m[]\ gj ljYfk^]jj]\ Zq al mf\]j l`ak =_j]]e]fl9 "8_]`\YQ^SU 8UbdYVYSQdU" e]Yfk Y []jla^a[Yl] kmZklYflaYddq af l`] ^gje k]l gml af k[`]\md] 6 (Form of Compliance Certificate)9 "8_]`_e^TUT GQdU 8ebbU^Si" e]Yfk Yfq [mjj]f[q o`a[` ak fgl Y P]je NYl] ?mjj]f[q9 "8_]`_e^TUT GQdU >^dUbUcd EQi]U^d" e]Yfk l`] Y__j]_Yl] Yegmfl g^ afl]j]kl l`Yl8 (Y) ak* gj ak k[`]\md]\ lg Z][ge]* hYqYZd] mf\]j Yfq BafYf[] @g[me]fl9 Yf\ (Z) j]dYl]k lg Y ?gehgmf\]\ NYl] HgYf9 "8_]`_e^TUT GQdU A_Q^" e]Yfk Yfq HgYf gj* a^ Yhhda[YZd]* QfhYa\ Ome o`a[` ak fgl Y P]je NYl] HgYf9 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 "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.

 

#/046.26.4n6:=?PERA< + BY[adala]k Y_j]]e]fl + Hmp^]j+ ATA?QPEKJ /. "8_^VYTU^dYQ\Ydi J^TUbdQ[Y^W" e]Yfk Y [gf^a\]flaYdalq mf\]jlYcaf_ kmZklYflaYddq af Y j][gee]f\]\ ^gje g^ l`] HI= Yk k]l gml af k[`]\md] 7 (LMA Form of Confidentiality Undertaking) gj af Yfq gl`]j ^gje Y_j]]\ Z]lo]]f l`] ?gehYfq Yf\ l`] =_]fl9 "8_^c_\YTQdUT <b_cc 6ccUdc" e]Yfk* Yk Yl l`] \Yl] g^ \]l]jeafYlagf* Ydd Yegmflk j]hgjl]\ Yk lYf_aZd] ^ap]\ Ykk]lk* afn]flgja]k Yf\ \]Zlgjk (]p[dm\af_ afljY+Cjgmh al]ek) gf l`] l`]f Yhhda[YZd] ZYdYf[] k`]]l g^ l`] Cjgmh Yk [gf^aje]\ af l`] egkl j][]fl ?gehdaYf[] ?]jla^a[Yl] \]dan]j]\ lg l`] =_]fl9 "8_^db_\\UT <b_e`" e]Yfk Ydd h]jkgfk (Yk \]^af]\ af O][lagf 1(7) g^ ANEO=) o`a[` Yj] mf\]j [geegf [gfljgd gj lj]Yl]\ Yk Y kaf_d] ]ehdgq]j oal` Yf KZda_gj mf\]j O][lagf 2/2 g^ l`] ?g\], S`]f Yfq hjgnakagf g^ l`ak =_j]]e]fl j]dYl]\ lg Y hYkl ]n]fl* l`] l]je "e]eZ]j g^ l`] ?gfljgdd]\ Cjgmh" af[dm\]k Yfq h]jkgf l`Yl oYk Y e]eZ]j g^ l`] ?gfljgdd]\ Cjgmh Yl l`] lae] g^ l`Yl hYkl ]n]fl9 "8G9 >K" e]Yfk ?N@ ER (AQ) Yf\ ?N@ ER (QG)9 "8G9 >K %:J&" e]Yfk8 (Y) N]_mdYlagf (AQ) Jg 353-0./1 g^ l`] Amjgh]Yf LYjdaYe]fl Yf\ g^ l`] ?gmf[ad g^ 04 Fmf] 0./1 gf hjm\]flaYd j]imaj]e]flk ^gj [j]\al afklalmlagfk Yf\ afn]kle]fl ^ajek Yf\ Ye]f\af_ N]_mdYlagf (AQ) Jg 426-0./09 Yf\ (Z) @aj][lan] 0./1-14-AQ g^ l`] Amjgh]Yf LYjdaYe]fl Yf\ g^ l`] ?gmf[ad g^ 04 Fmf] 0./1 gf Y[[]kk lg l`] Y[lanalq g^ [j]\al afklalmlagfk Yf\ l`] hjm\]flaYd kmh]jnakagf g^ [j]\al afklalmlagfk Yf\ afn]kle]fl ^ajek* Ye]f\af_ @aj][lan] 0..0-65-A? Yf\ j]h]Ydaf_ @aj][lan]k 0..4-26-A? Yf\ 0..4-27-A?* Yk ]al`]j g^ l`] kYe] eYq Z] Ye]f\]\* kmhhd]e]fl]\ gj j]klYl]\ ^jge lae] lg lae]9 "8G9 >K %J@&" e]Yfk8 (Y) N]_mdYlagf (AQ) Jg 353-0./1 g^ l`] Amjgh]Yf LYjdaYe]fl Yf\ g^ l`] ?gmf[ad g^ 04 Fmf] 0./1 gf hjm\]flaYd j]imaj]e]flk ^gj [j]\al afklalmlagfk Yf\ afn]kle]fl ^ajek Yf\ Ye]f\af_ N]_mdYlagf (AQ) Jg 426-0./0 Yk al ^gjek hYjl g^ \ge]kla[ dYo g^ l`] Qfal]\ Gaf_\ge Zq najlm] g^ AQS= 0./69 (Z) l`] dYo g^ l`] Qfal]\ Gaf_\ge gj Yfq hYjl g^ al* o`a[` aee]\aYl]dq Z]^gj] EL [gehd]lagf \Yq aehd]e]fl]\ @aj][lan] 0./1-14-AQ g^ l`] Amjgh]Yf LYjdaYe]fl Yf\ g^ l`] ?gmf[ad g^ 04 Fmf] 0./1 gf Y[[]kk lg l`] Y[lanalq g^ [j]\al afklalmlagfk Yf\ l`] hjm\]flaYd kmh]jnakagf g^ [j]\al afklalmlagfk Yf\ afn]kle]fl ^ajek* Ye]f\af_ @aj][lan] 0..0-65-A? Yf\ j]h]Ydaf_ @aj][lan]k 0..4-26-A? Yf\ 0..4-27-A? Yf\ alk aehd]e]flaf_ e]Ykmj]k9 Yf\ ([) \aj][l AQ d]_akdYlagf (Yk \]^af]\ af AQS= 0./6)* o`a[` aee]\aYl]dq Z]^gj] EL [gehd]lagf \Yq aehd]e]fl]\ ?N@ ER (AQ) Yk al ^gjek hYjl g^ \ge]kla[ dYo g^ l`] Qfal]\ Gaf_\ge Zq najlm] g^ AQS= 0./6* Yk Yfq g^ l`] kYe] eYq Z] Ye]f\]\* kmhhd]e]fl]\ gj j]klYl]\ ^jge lae] lg lae] oal` Yhhda[Ylagf lg l`] QG "8I6" e]Yfk l`] ?gjhgjYlagf PYp =[l 0..79 "8e]e\QdYfU 8_]`_e^TUT G;G GQdU" e]Yfk* af j]dYlagf lg 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[] 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 // 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.

 

#/046.26.4n6:=?PERA< + BY[adala]k Y_j]]e]fl + Hmp^]j+ ATA?QPEKJ /3 (Z) \]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 kh][a^a]\ af l`] Yhhda[YZd] N]^]j]f[] NYl] P]jek9 ";Q\\RQS[ >^dUbUcd EUbY_T" e]Yfk gf] egfl`9 ";6I86" e]Yfk8 (Y) k][lagfk /25/ lg /252 g^ l`] ?g\] gj Yfq Ykkg[aYl]\ j]_mdYlagfk9 (Z) Yfq lj]Ylq* dYo gj j]_mdYlagf g^ Yfq gl`]j bmjak\a[lagf* gj j]dYlaf_ lg Yf afl]j_gn]jfe]flYd Y_j]]e]fl Z]lo]]f l`] QO Yf\ Yfq gl`]j bmjak\a[lagf* o`a[` (af ]al`]j [Yk]) ^Y[adalYl]k l`] aehd]e]flYlagf g^ Yfq dYo gj j]_mdYlagf j]^]jj]\ lg af hYjY_jYh` (Y)9 gj ([) Yfq Y_j]]e]fl hmjkmYfl lg l`] aehd]e]flYlagf g^ Yfq lj]Ylq* dYo gj j]_mdYlagf j]^]jj]\ lg af hYjY_jYh`k (Y) gj (Z) oal` l`] QO Efl]jfYd N]n]fm] O]jna[]* l`] QO _gn]jfe]fl gj Yfq _gn]jfe]flYd gj lYpYlagf Yml`gjalq af Yfq gl`]j bmjak\a[lagf9 ";6I86 6``\YSQdY_^ 9QdU" e]Yfk8 (Y) af j]dYlagf lg Y "oal``gd\YZd] hYqe]fl" \]k[jaZ]\ af k][lagf /251(/)(=)(a) g^ l`] ?g\] (o`a[` j]dYl]k lg hYqe]flk g^ afl]j]kl Yf\ []jlYaf gl`]j hYqe]flk ^jge kgmj[]k oal`af l`] QO)* / Fmdq 0./29 gj (Z) af j]dYlagf lg Y "hYkkl`jm hYqe]fl" \]k[jaZ]\ af k][lagf /25/(\)(5) g^ l`] ?g\] fgl ^Yddaf_ oal`af hYjY_jYh` (Y)* l`] ^ajkl \Yl] ^jge o`a[` km[` hYqe]fl eYq Z][ge] kmZb][l lg Y \]\m[lagf gj oal``gd\af_ j]imaj]\ Zq B=P?=9 ";6I86 9UTeSdY_^" e]Yfk Y \]\m[lagf gj oal``gd\af_ ^jge Y hYqe]fl mf\]j Y BafYf[] @g[me]fl j]imaj]\ Zq B=P?=9 ";6I86 :hU]`d EQbdi" e]Yfk Y LYjlq l`Yl ak ]flald]\ lg j][]an] hYqe]flk ^j]] ^jge Yfq B=P?= @]\m[lagf9 ";UU AUddUb" e]Yfk Yfq d]ll]j gj d]ll]jk \Yl]\ gf gj YZgml l`] \Yl] g^ l`ak =_j]]e]fl Z]lo]]f l`] =jjYf_]j Yf\ l`] ?gehYfq (gj l`] =_]fl Yf\ l`] ?gehYfq) k]llaf_ gml Yfq g^ l`] ^]]k j]^]jj]\ lg af [dYmk] /2 (Fees)9 ";Y^Q^SU 9_Se]U^d" e]Yfk l`ak =_j]]e]fl* Yfq B]] H]ll]j* Yfq =[[]kkagf H]ll]j* Yfq =f[addYjq @g[me]fl* Yfq N]ka_fYlagf H]ll]j Yfq N]^]j]f[] NYl] Omhhd]e]fl* Yfq ?gehgmf\af_ I]l`g\gdg_q Omhhd]e]fl Yf\ Yfq gl`]j \g[me]fl \]ka_fYl]\ Yk km[` Zq l`] =_]fl Yf\ l`] ?gehYfq9 ";Y^Q^SU EQbdi" e]Yfk l`] =_]fl* l`] =jjYf_]j gj Y H]f\]j9 ";Y^Q^SYQ\ 8_fU^Q^d" e]Yfk Yfq eYafl]fYf[] [gn]fYfl (o`]l`]j k]l ^gjl` Yk Y [gn]fYfl* mf\]jlYcaf_* ]n]fl g^ \]^Ymdl* j]klja[lagf gj gl`]j km[` hjgnakagf) l`Yl j]imaj]k l`] ?gehYfq gj Y e]eZ]j g^ l`] Cjgmh lg Y[`a]n] gj eYaflYaf Y klYl]\ d]n]d g^ ^afYf[aYd [gf\alagf gj ^afYf[aYd h]j^gjeYf[] Yf\ af[dm\]k* oal`gml daealYlagf* Yfq j]imaj]e]fl l`Yl Yfq e]eZ]j g^ l`] Cjgmh8 (Y) eYaflYaf Y kh][a^a]\ d]n]d g^ f]l ogjl`* k`Yj]`gd\]jk' ]imalq* lglYd Ykk]lk* [Yk` ^dgo gj f]l af[ge]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 /4 (Z) eYaflYaf Yfq kh][a^a]\ jYlag g^ Yfq [gehgf]fl g^ alk [YhalYd kljm[lmj] lg Yfq gl`]j [gehgf]fl l`]j]g^ (af[dm\af_* oal`gml daealYlagf* l`] j]dYlagfk`ah g^ af\]Zl]\f]kk* k]fagj af\]Zl]\f]kk gj kmZgj\afYl]\ af\]Zl]\f]kk lg lglYd [YhalYdakYlagf gj lg f]l ogjl`)9 gj ([) eYaflYaf Yfq e]Ykmj] g^ alk YZadalq lg k]jna[] alk af\]Zl]\f]kk (af[dm\af_* oal`gml daealYlagf* Yfq kh][a^a]\ jYlag g^ j]n]fm]k* [Yk` ^dgo gj f]l af[ge] lg af\]Zl]\f]kk* afl]j]kl ]ph]fk]* j]flYd ]ph]fk]* [YhalYd ]ph]f\almj]k Yf\-gj k[`]\md]\ hYqe]flk g^ af\]Zl]\f]kk)9 ";Y^Q^SYQ\ >^TURdUT^Ucc" e]Yfk* oal`gml \gmZd] [gmflaf_* Yfq af\]Zl]\f]kk ^gj gj af j]kh][l g^8 (Y) egf]qk Zgjjgo]\9 (Z) Yfq Yegmfl jYak]\ Zq Y[[]hlYf[] mf\]j Yfq Y[[]hlYf[] [j]\al ^Y[adalq gj \]eYl]jaYdak]\ ]imanYd]fl9 ([) Yfq Yegmfl jYak]\ hmjkmYfl lg Yfq fgl] hmj[`Yk] ^Y[adalq gj l`] akkm] g^ Zgf\k* fgl]k* \]Z]flmj]k* dgYf klg[c gj Yfq kaeadYj afkljme]fl9 (\) l`] Yegmfl g^ Yfq daYZadalq af j]kh][l g^ Yfq d]Yk] gj `aj] hmj[`Yk] [gfljY[l o`a[` ogmd\* af Y[[gj\Yf[] oal` l`] =[[gmflaf_ Ljaf[ahd]k* Z] lj]Yl]\ Yk Y ZYdYf[] k`]]l daYZadalq (gl`]j l`Yf Yfq daYZadalq af j]kh][l g^ Y d]Yk] gj `aj] hmj[`Yk] [gfljY[l o`a[` ogmd\* af Y[[gj\Yf[] oal` =[[gmflaf_ Ljaf[ahd]k af ^gj[] hjagj lg / FYfmYjq 0./7* `Yn] Z]]f lj]Yl]\ Yk Yf gh]jYlaf_ d]Yk])9 (]) j][]anYZd]k kgd\ gj \ak[gmfl]\ (gl`]j l`Yf Yfq j][]anYZd]k lg l`] ]pl]fl l`]q Yj] kgd\ gf Y fgf+j][gmjk] ZYkak)9 (^) Yfq Yegmfl jYak]\ mf\]j Yfq gl`]j ljYfkY[lagf (af[dm\af_ Yfq ^gjoYj\ kYd] gj hmj[`Yk] Y_j]]e]fl) g^ Y lqh] fgl j]^]jj]\ lg af Yfq gl`]j hYjY_jYh` g^ l`ak \]^afalagf `Ynaf_ l`] [gee]j[aYd ]^^][l g^ Y Zgjjgoaf_9 (_) Yfq \]janYlan] ljYfkY[lagf ]fl]j]\ aflg af [gff][lagf oal` hjgl][lagf Y_Yafkl gj Z]f]^al ^jge ^dm[lmYlagf af Yfq jYl] gj hja[] (Yf\* o`]f [Yd[mdYlaf_ l`] nYdm] g^ Yfq \]janYlan] ljYfkY[lagf* gfdq l`] eYjc]\ lg eYjc]l nYdm] (gj* a^ Yfq Y[lmYd Yegmfl ak \m] Yk Y j]kmdl g^ l`] l]jeafYlagf gj [dgk]+gml g^ l`Yl \]janYlan] ljYfkY[lagf* l`Yl Yegmfl) k`Ydd Z] lYc]f aflg Y[[gmfl)9 (`) Yfq [gmfl]j+af\]efalq gZda_Ylagf af j]kh][l g^ Y _mYjYfl]]* af\]efalq* Zgf\* klYf\Zq gj \g[me]flYjq d]ll]j g^ [j]\al gj Yfq gl`]j afkljme]fl akkm]\ Zq Y ZYfc gj ^afYf[aYd afklalmlagf9 Yf\ (a) l`] Yegmfl g^ Yfq daYZadalq af j]kh][l g^ Yfq _mYjYfl]] gj af\]efalq ^gj Yfq g^ l`] al]ek j]^]jj]\ lg af hYjY_jYh`k (Y) lg (`)9 ";Y^Q^SYQ\ NUQb" e]Yfk ]Y[` ^afYf[aYd q]Yj g^ l`] ?gehYfq ]f\af_ gf gj YZgml 1/ @][]eZ]j9 ";e^TY^W GQdU" e]Yfk Yfq af\ana\mYd jYl] fgla^a]\ Zq Y H]f\]j lg l`] =_]fl hmjkmYfl lg [dYmk] //,3 (Notification)9 ";G7" e]Yfk l`] >gYj\ g^ Cgn]jfgjk g^ l`] B]\]jYd N]k]jn] Oqkl]e g^ l`] Qfal]\ OlYl]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 /5 "<b_e`" e]Yfk l`] ?gehYfq Yf\ alk OmZka\aYja]k ^gj l`] lae] Z]af_9 "<b_e` HdbeSdebU 8XQbd" e]Yfk l`] _jgmh kljm[lmj] [`Yjl Yk \]dan]j]\ Zq l`] ?gehYfq lg l`] =_]fl hmjkmYfl lg [dYmk] 2,/ (Initial conditions precedent)9 "<b_cc DedcdQ^TY^Wc" e]Yfk* af j]dYlagf lg Y Imdla+Y[[gmfl Kn]j\jY^l* l`] =f[addYjq KmlklYf\af_k g^ l`Yl Imdla+Y[[gmfl Kn]j\jY^l Zml [Yd[mdYl]\ gf l`] ZYkak l`Yl l`] ogj\k "(f]l g^ Yfq =nYadYZd] ?j]\al >YdYf[])" af hYjY_jYh` (Y) g^ l`] \]^afalagf g^ =f[addYjq KmlklYf\af_k o]j] \]d]l]\9 "<eQbQ^dUU AY]YdQdY_^c" e]Yfk l`] _mYjYfl]] daealYlagfk k]l gml af [dYmk] 0.,/. (Guarantee limitations) lg [dYmk] 0.,// (US Guarantee limitations)9 "<eQbQ^d_b" e]Yfk Yf Kja_afYd CmYjYflgj gj Yf =\\alagfYd CmYjYflgj* mfd]kk al `Yk []Yk]\ lg Z] Y CmYjYflgj af Y[[gj\Yf[] oal` [dYmk] 05 (Changes to the Obligors)9 "<eQbQ^d_b 8_fUbQWU IUcd" e]Yfk [gf^ajeYlagf l`Yl (Zq j]^]j]f[] lg l`] j]d]nYfl =ffmYd BafYf[aYd OlYl]e]flk)8 (Y) l`] Y__j]_Yl] ]Yjfaf_k Z]^gj] afl]j]kl* lYp \]hj][aYlagf Yf\ YegjlakYlagf ([Yd[mdYl]\ gf l`] kYe] ZYkak Yk A>EP@=) g^ l`] e]eZ]jk g^ l`] Cjgmh o`a[` Yj] CmYjYflgjk ]imYdk gj ]p[]]\k 53 h]j []fl, g^ ?gfkgda\Yl]\ A>EP@= g^ l`] Cjgmh9 Yf\ (Z) l`] _jgkk Ykk]lk ([Yd[mdYl]\ af Y[[gj\Yf[] oal` l`] =[[gmflaf_ Ljaf[ahd]k) g^ l`] CmYjYflgjk j]hj]k]fl Yl d]Ykl 53 h]j []fl g^ l`] ?gfkgda\Yl]\ Cjgkk =kk]lk g^ l`] Cjgmh* af ]Y[` [Yk]* [Yd[mdYl]\ gf Yf mf[gfkgda\Yl]\ ZYkak Yf\ ]p[dm\af_ _gg\oadd* Ydd afljY+Cjgmh al]ek Yf\ afn]kle]flk af OmZka\aYja]k l`] ]Yjfaf_k Z]^gj] afl]j]kl* lYp* \]hj][aYlagf Yf\ YegjlarYlagf Yf\ l`] _jgkk Ykk]lk g^ Yfq e]eZ]j g^ l`] Cjgmh af[gjhgjYl]\ af Yf Ap[dm\]\ Fmjak\a[lagf gj l`Yl ak fgl j]imaj]\ lg (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 Yf\-gj af [Yd[mdYlaf_ l`] fme]jYlgj Yf\ \]fgeafYlgj g^ l`ak CmYjYflgj ?gn]jY_] P]kl 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]] k`Ydd* ^gj l`]k] hmjhgk]k* Z] ]p[dm\]\ Yk Y e]eZ]j g^ l`] Cjgmh ^gj l`] fme]jYlgj Yf\ l`] \]fgeafYlgj9 "=Ycd_bYS EbY]Qbi IUb] GQdU" e]Yfk* af j]dYlagf lg Yfq P]je NYl] HgYf* l`] egkl j][]fl Yhhda[YZd] LjaeYjq P]je NYl] ^gj Y h]jag\ ]imYd af d]f_l` lg l`] Efl]j]kl L]jag\ g^ l`Yl HgYf Yf\ o`a[` ak Yk g^ Y \Yq o`a[` ak fg egj] l`Yf ^an] \Yqk Z]^gj] l`] MmglYlagf @Yq9 "=_\TY^W 8_]`Q^i" e]Yfk* af j]dYlagf lg Y h]jkgf* Yfq gl`]j h]jkgf af j]kh][l g^ o`a[` al ak Y OmZka\aYjq9 ">]`QYbUT 6WU^d" e]Yfk l`] =_]fl Yl Yfq lae] o`]f8 (Y) al `Yk ^Yad]\ lg eYc] (gj `Yk fgla^a]\ Y LYjlq l`Yl al oadd fgl eYc]) Y hYqe]fl j]imaj]\ lg Z] eY\] Zq al mf\]j l`] BafYf[] @g[me]flk Zq l`] \m] \Yl] ^gj hYqe]fl9 (Z) l`] =_]fl gl`]joak] j]k[af\k gj j]hm\aYl]k Y BafYf[] @g[me]fl9 ([) (a^ l`] =_]fl ak Ydkg Y H]f\]j) al ak Y @]^Ymdlaf_ H]f\]j mf\]j hYjY_jYh` (Y) gj (Z) g^ l`] \]^afalagf g^ "9UVQe\dY^W AU^TUb" Yf\* af l`] [Yk] g^ l`] ]n]flk gj [aj[meklYf[]k j]^]jj]\ lg af hYjY_jYh` (Y) fgf] g^ l`] ]p[]hlagfk Yhhdq lg l`Yl hYjY_jYh`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 /6 (\) Yf Efkgdn]f[q An]fl `Yk g[[mjj]\ Yf\ ak [gflafmaf_ oal` j]kh][l lg l`] =_]fl* mfd]kk* af l`] [Yk] g^ hYjY_jYh` (Y) YZgn]8 (a) alk ^Yadmj] lg hYq ak [Ymk]\ Zq8 (=) Y\eafakljYlan] gj l][`fa[Yd ]jjgj* gj (>) Y @akjmhlagf An]fl9 Yf\ (aa) hYqe]fl ak eY\] oal`af ^an] >mkaf]kk @Yqk g^ alk \m] \Yl]9 gj (aaa) l`] =_]fl ak \akhmlaf_ af _gg\ ^Yal` o`]l`]j al ak [gfljY[lmYddq gZda_]\ lg eYc] l`] hYqe]fl af im]klagf9 ">]`b_fUT 6SS_bTY_^ ;UU" `Yk l`] e]Yfaf_ _an]f lg l`Yl l]je af [dYmk] 0,1 (Accordion - increase in the Facility)9 ">^SbUQcU 8_^VYb]QdY_^" e]Yfk Y [gf^ajeYlagf kmZklYflaYddq af l`] ^gje k]l gml af k[`]\md] // (Form of increase confirmation)9 ">^SbUQcU AU^TUb" `Yk l`] e]Yfaf_ _an]f lg l`Yl l]je af [dYmk] 0,0 (Increase)9 ">^SbUQcY^W 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 ">^YdYQ\ 6SS_bTY_^ ;UU" `Yk l`] e]Yfaf_ _an]f lg l`Yl l]je af [dYmk] 0,1 (Accordion - increase in the Facility)9 ">^V_b]QdY_^ BU]_bQ^Te]" e]Yfk lg_]l`]j8 (Y) l`] af^gjeYlagf hY[c lald]\ "Revolving Credit Facility Refinancing" \Yl]\ 6 IYj[` 0.0/9 Yf\ (Z) l`] af^gjeYlagf hY[c lald]\ "Luxfer 3+9 forecast and 2022-24 strategic plan" \Yl]\ IYq 0.0/9 ">^c_\fU^Si :fU^d" e]Yfk* af j]dYlagf lg Y BafYf[] LYjlq8 (Y) Yfq j][]an]j* Y\eafakljYlan] j][]an]j* Y\eafakljYlgj* daima\Ylgj* [gehmdkgjq eYfY_]j gj gl`]j kaeadYj g^^a[]j ak Yhhgafl]\ af j]kh][l g^ l`Yl BafYf[] LYjlq gj Ydd gj kmZklYflaYddq Ydd g^ alk Ykk]lk9 gj (Z) l`Yl BafYf[] LYjlq ak kmZb][l lg Yfq ]n]fl o`a[` `Yk Yf YfYdg_gmk ]^^][l lg Yfq g^ l`] ]n]flk kh][a^a]\ af hYjY_jYh` (Y) mf\]j l`] Yhhda[YZd] dYok g^ Yfq bmjak\a[lagf9 gj ([) l`Yl BafYf[] LYjlq kmkh]f\k eYcaf_ hYqe]flk gf Ydd gj kmZklYflaYddq Ydd g^ alk \]Zlk gj hmZda[dq Yffgmf[]k Yf afl]flagf lg \g kg9 ">^dU\\USdeQ\ Eb_`Ubdi" e]Yfk8 (Y) Yfq hYl]flk* ljY\] eYjck* k]jna[] eYjck* \]ka_fk* Zmkaf]kk fYe]k* [ghqja_`lk* \YlYZYk] ja_`lk* \]ka_f ja_`lk* \geYaf fYe]k* egjYd ja_`lk* afn]flagfk* [gf^a\]flaYd 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 af^gjeYlagf* cfgo+`go Yf\ gl`]j afl]dd][lmYd hjgh]jlq ja_`lk Yf\ afl]j]klk (o`a[` eYq fgo gj af l`] ^mlmj] kmZkakl)* o`]l`]j j]_akl]j]\ gj mfj]_akl]j]\9 Yf\ (Z) l`] Z]f]^al g^ Ydd Yhhda[Ylagfk Yf\ ja_`lk lg mk] km[` Ykk]lk g^ ]Y[` e]eZ]j g^ l`] Cjgmh (o`a[` eYq fgo gj af l`] ^mlmj] kmZkakl)9 ">^dUbUcd EUbY_T" e]Yfk* af j]dYlagf lg Y HgYf* ]Y[` h]jag\ \]l]jeaf]\ af Y[[gj\Yf[] oal` [dYmk] /0 (Interest Periods) Yf\* af j]dYlagf lg Yf QfhYa\ Ome* ]Y[` h]jag\ \]l]jeaf]\ af Y[[gj\Yf[] oal` [dYmk] //,2 (Default interest)9 ">^dUb`_\QdUT 6\dUb^QdYfU IUb] GQdU" e]Yfk* af j]dYlagf lg Yfq P]je NYl] HgYf* l`] jYl] (jgmf\]\ lg l`] kYe] fmeZ]j g^ \][aeYd hdY[]k Yk l`] log j]d]nYfl =dl]jfYlan] P]je NYl]k) o`a[` j]kmdlk ^jge afl]jhgdYlaf_ gf Y daf]Yj ZYkak Z]lo]]f8 (Y) l`] Yhhda[YZd] =dl]jfYlan] P]je NYl] ^gj l`] dgf_]kl h]jag\ (^gj o`a[` l`Yl =dl]jfYlan] P]je NYl] ak YnYadYZd]) o`a[` ak d]kk l`Yf l`] Efl]j]kl L]jag\ g^ l`Yl HgYf9 Yf\ (Z) l`] Yhhda[YZd] =dl]jfYlan] P]je NYl] ^gj l`] k`gjl]kl h]jag\ (^gj o`a[` l`Yl =dl]jfYlan] P]je NYl] ak YnYadYZd]) o`a[` ]p[]]\k l`] Efl]j]kl L]jag\ g^ l`Yl HgYf* ]Y[` Yk g^ l`] MmglYlagf Pae]9 ">^dUb`_\QdUT =Ycd_bYS EbY]Qbi IUb] GQdU" e]Yfk* af j]dYlagf lg Yfq P]je NYl] HgYf* l`] jYl] (jgmf\]\ lg l`] kYe] fmeZ]j g^ \][aeYd hdY[]k Yk l`] log j]d]nYfl LjaeYjq P]je NYl]k) o`a[` j]kmdlk ^jge afl]jhgdYlaf_ gf Y daf]Yj ZYkak Z]lo]]f8 (Y) l`] egkl j][]fl Yhhda[YZd] LjaeYjq P]je NYl] ^gj l`] dgf_]kl h]jag\ (^gj o`a[` l`Yl LjaeYjq P]je NYl] ak YnYadYZd]) o`a[` ak d]kk l`Yf l`] Efl]j]kl L]jag\ g^ l`Yl HgYf9 Yf\ (Z) l`] egkl j][]fl Yhhda[YZd] LjaeYjq P]je NYl] ^gj l`] k`gjl]kl h]jag\ (^gj o`a[` l`Yl LjaeYjq P]je NYl] ak YnYadYZd]) o`a[` ]p[]]\k l`] Efl]j]kl L]jag\ g^ l`Yl HgYf* ]Y[` g^ o`a[` ak Yk g^ Y \Yq o`a[` ak fg egj] l`Yf ^an] \Yqk Z]^gj] l`] MmglYlagf @Yq9 ">^dUb`_\QdUT EbY]Qbi IUb] GQdU" e]Yfk* af j]dYlagf lg Yfq P]je NYl] HgYf* l`] jYl] (jgmf\]\ lg l`] kYe] fmeZ]j g^ \][aeYd hdY[]k Yk l`] log j]d]nYfl LjaeYjq P]je NYl]k) o`a[` j]kmdlk ^jge afl]jhgdYlaf_ gf Y daf]Yj ZYkak Z]lo]]f8 (Y) l`] Yhhda[YZd] LjaeYjq P]je NYl] ^gj l`] dgf_]kl h]jag\ (^gj o`a[` l`Yl LjaeYjq P]je NYl] ak YnYadYZd]) o`a[` ak d]kk l`Yf l`] Efl]j]kl L]jag\ g^ l`Yl HgYf9 Yf\ (Z) l`] Yhhda[YZd] LjaeYjq P]je NYl] ^gj l`] k`gjl]kl h]jag\ (^gj o`a[` l`Yl LjaeYjq P]je NYl] ak YnYadYZd]) o`a[` ]p[]]\k l`] Efl]j]kl L]jag\ g^ l`Yl HgYf* ]Y[` Yk g^ l`] MmglYlagf Pae]9 ">E S_]`\UdY_^ TQi" e]Yfk //,..he QG lae] gf 1/ @][]eZ]j 0.0.* Yk k]l gml af l`] Amjgh]Yf Qfagf (Sal`\jYoYd =_j]]e]fl) =[l 0.0.9 ">I6" e]Yfk l`] Ef[ge] PYp =[l 0..59 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. "?_Y^d KU^debU" e]Yfk Yfq bgafl n]flmj] ]flalq* o`]l`]j Y [gehYfq* mfaf[gjhgjYl]\ ^aje* mf\]jlYcaf_* Ykkg[aYlagf* bgafl n]flmj] gj hYjlf]jk`ah gj Yfq gl`]j ]flalq9 "AUWQ\ GUcUbfQdY_^c" e]Yfk8 (Y) l`] hjaf[ahd] l`Yl ]imalYZd] j]e]\a]k eYq Z] _jYfl]\ gj j]^mk]\ Yl l`] \ak[j]lagf g^ Y [gmjl Yf\ l`] daealYlagf g^ ]f^gj[]e]fl Zq dYok j]dYlaf_ lg afkgdn]f[q* j]gj_YfakYlagf Yf\ gl`]j dYok _]f]jYddq Y^^][laf_ l`] ja_`lk g^ [j]\algjk9 (Z) l`] lae] ZYjjaf_ g^ [dYaek mf\]j l`] HaealYlagf =[lk* l`] hgkkaZadalq l`Yl Yf mf\]jlYcaf_ lg Ykkme] daYZadalq ^gj gj af\]efa^q Y h]jkgf Y_Yafkl fgf+hYqe]fl g^ QG klYeh \mlq eYq Z] nga\ Yf\ \]^]f[]k g^ k]l+g^^ gj [gmfl]j[dYae9 ([) l`] hgkkaZadalq l`Yl l`] [gmjlk eYq j]+[`YjY[l]jak] Yfq k][mjalq hmjhgjlaf_ lg Z] Y ^ap]\ [`Yj_] Yk Y ^dgYlaf_ [`Yj_] (gj na[] n]jkY)9 (\) kaeadYj hjaf[ahd]k* ja_`lk Yf\ \]^]f[]k mf\]j l`] dYok g^ Yfq N]d]nYfl Fmjak\a[lagf9 Yf\ (]) Yfq _]f]jYd hjaf[ahd]k g^ dYo daealaf_ gZda_Ylagfk o`a[` Yj] kh][a^a[Yddq j]^]jj]\ lg af Yfq d]_Yd ghafagf \]dan]j]\ hmjkmYfl lg ?dYmk] 2 (Conditions of Utilisation) gj ?dYmk] 05 (Changes to the Obligors) gj gl`]joak] \]dan]j]\ mf\]j l`ak =_j]]e]fl9 "AU^TUb" e]Yfk8 (Y) Yfq Kja_afYd H]f\]j9 Yf\ (Z) Yfq ZYfc* ^afYf[aYd afklalmlagf* ljmkl* ^mf\ gj gl`]j ]flalq o`a[` `Yk Z][ge] Y LYjlq Yk Y "H]f\]j" af Y[[gj\Yf[] oal` [dYmk] 0,0 (Increase)* [dYmk] 0,1 (Accordion - increase in the Facility)* gj [dYmk] 05 (Changes to the Lenders)* o`a[` af ]Y[` [Yk] `Yk fgl []Yk]\ lg Z] Y LYjlq Yk km[` af Y[[gj\Yf[] oal` l`] l]jek g^ l`ak =_j]]e]fl9 "AY]YdQdY_^ 6Sdc" e]Yfk l`] HaealYlagf =[l /76. Yf\ l`] Bgj]a_f HaealYlagf L]jag\k =[l /7629 "AB6" e]Yfk l`] HgYf IYjc]l =kkg[aYlagf9 "A_Q^" e]Yfk Y dgYf eY\] gj lg Z] eY\] mf\]j l`] BY[adalq gj l`] hjaf[ahYd Yegmfl gmlklYf\af_ ^gj l`] lae] Z]af_ g^ l`Yl dgYf9 "A__[RQS[ EUbY_T" e]Yfk l`] fmeZ]j g^ \Yqk kh][a^a]\ Yk km[` af l`] Yhhda[YZd] N]^]j]f[] NYl] P]jek9 "BQZ_bYdi AU^TUbc" e]Yfk Y H]f\]j gj H]f\]jk o`gk] ?geeale]flk Y__j]_Yl] egj] l`Yf 440-1 h]j []fl g^ l`] PglYd ?geeale]flk (gj* a^ l`] PglYd ?geeale]flk `Yn] Z]]f j]\m[]\ lg r]jg* Y__j]_Yl]\ egj] l`Yf 440-1 h]j []fl g^ l`] PglYd ?geeale]flk aee]\aYl]dq hjagj lg l`] j]\m[lagf)9 "BQbWY^" e]Yfk8 (Y) af j]dYlagf lg Yfq HgYf* /,53 h]j []fl h]j Yffme9 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) af j]dYlagf lg Yfq gl`]j QfhYa\ Ome* 0,53 h]j []fl h]j Yffme* Zml a^8 ([) fg An]fl g^ @]^Ymdl `Yk g[[mjj]\ Yf\ ak [gflafmaf_9 (\) l`] ?gehYfq `Yk hjgna\]\ Y ?gehdaYf[] ?]jla^a[Yl] lg l`] =_]fl af Y[[gj\Yf[] oal` l`ak =_j]]e]fl9 Yf\ (]) H]n]jY_] af j]kh][l g^ l`] egkl j][]fldq [gehd]l]\ N]d]nYfl L]jag\ ak oal`af Y jYf_] k]l gml Z]dgo* l`]f l`] IYj_af ^gj ]Y[` HgYf oadd Z] l`] h]j[]flY_] h]j Yffme k]l gml Z]dgo af l`] lYZd] ghhgkal] l`Yl jYf_]8 AUfUbQWU BQbWY^ %`Ub Q^^e]& Cj]Yl]j l`Yf 0,3.8/,.. 0,53 h]j []fl H]kk l`Yf gj ]imYd lg 0,3.8/,.. Zml _j]Yl]j l`Yf 0,..8/,.. 0,3. h]j []fl H]kk l`Yf gj ]imYd lg 0,..8/,.. Zml _j]Yl]j l`Yf /,3.8/,.. 0,03 h]j []fl H]kk l`Yf gj ]imYd lg /,3.8/,.. Zml _j]Yl]j l`Yf /,..8/,.. 0,.. h]j []fl H]kk l`Yf gj ]imYd lg /,..8/,.. /,53 h]j []fl Dgo]n]j8 (a) kmZb][l lg hYjY_jYh`k (n) Yf\ (na) Z]dgo* l`] IYj_af ^gj l`] h]jag\ ^jge l`] \Yl] g^ l`ak =_j]]e]fl mflad l`] \]dan]jq g^ l`] ^ajkl ?gehdaYf[] ?]jla^a[Yl] lg l`] =_]fl af Y[[gj\Yf[] oal` [dYmk] 00,0 (Compliance Certificate) g^ l`ak =_j]]e]fl* k`Ydd Z] \]l]jeaf]\ af Y[[gj\Yf[] oal` l`] []jla^a[Yl] \]dan]j]\ lg l`] =_]fl af Y[[gj\Yf[] oal` hYjY_jYh` /(]) g^ hYjl / g^ k[`]\md] 0 (Conditions precedent)9 (aa) Yfq af[j]Yk] gj \][j]Yk] af l`] IYj_af ^gj Y HgYf k`Ydd lYc] ]^^][l gf l`] \Yl] (l`] "bUcUd TQdU") o`a[` ak ^an] >mkaf]kk @Yqk Y^l]j j][]ahl Zq l`] =_]fl g^ l`] ?gehdaYf[] ?]jla^a[Yl] ^gj l`Yl N]d]nYfl L]jag\ hmjkmYfl lg [dYmk] 00,0 (Compliance Certificate) gj a^ l`] IYj_af `Yk Z]]f af[j]Yk]\ hmjkmYfl lg hYjY_jYh` (na) Z]dgo* l`] j]d]nYfl An]fl g^ @]^Ymdl []Ykaf_ lg Z] [gflafmaf_9 (aaa) a^* ^gddgoaf_ j][]ahl Zq l`] =_]fl g^ l`] j]d]nYfl ?gehdaYf[] ?]jla^a[Yl]* l`Yl ?gehdaYf[] ?]jla^a[Yl] k`gok l`Yl Y `a_`]j gj dgo]j IYj_af k`gmd\ `Yn] Yhhda]\ \mjaf_ l`Yl h]jag\* l`]f l`Yl j]\m[lagf gj af[j]Yk] k`Ydd Z] j]n]jk]\ oal` j]ljgkh][lan] ]^^][l Yf\ l`] IYj_af ^gj l`Yl HgYf k`Ydd Z] l`] h]j[]flY_] h]j Yffme \]l]jeaf]\ mkaf_ l`] lYZd] YZgn] Yf\ H]n]jY_] [Yd[mdYl]\ mkaf_ l`] ^a_mj]k af l`Yl ?gehdaYf[] ?]jla^a[Yl] Yf\8 (=) o`]j] Y dgo]j IYj_af k`gmd\ `Yn] Yhhda]\ \mjaf_ Y []jlYaf h]jag\ km[` l`Yl l`] Yegmfl g^ IYj_af `Yk Z]]f gn]jhYa\* l`] Yegmfl 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 00 afl]j]kl hYqYZd] af j]kh][l g^ l`] aee]\aYl]dq km[[]]\af_ afl]j]kl hYqe]fl Yl l`] ]f\ g^ l`] [mjj]fl Efl]j]kl L]jag\ k`Ydd Z] j]\m[]\ Zq l`] Yegmfl f][]kkYjq lg hml l`] >gjjgo]j af l`] hgkalagf l`]q ogmd\ `Yn] Z]]f `Y\ l`] YhhjghjaYl] IYj_af Yhhda]\ (o`]j] l`] Yegmfl lg Z] \]\m[l]\ ]p[]]\k l`] Yegmfl g^ afl]j]kl hYqYZd] gf km[` \Yq* Yfq Y\\alagfYd \]\m[lagfk k`Ydd Z] eY\] gf l`] dYkl \Yq g^ l`] f]pl Efl]j]kl L]jag\ lg ]f\ Y^l]j km[` \Yq)9 gj (>) o`]j] Y `a_`]j IYj_af k`gmd\ `Yn] Yhhda]\ \mjaf_ Y []jlYaf h]jag\ km[` l`Yl l`] Yegmfl g^ IYj_af `Yk Z]]f mf\]jhYa\* l`] >gjjgo]j k`Ydd hjgehldq (Yf\ af Yfq ]n]fl oal`af ^an] >mkaf]kk @Yqk g^ \]eYf\) eYc] Y k]hYjYl] hYqe]fl lg l`] =_]fl (^gj l`] Y[[gmfl g^ l`] j]d]nYfl H]f\]jk) g^ Yfq Yegmflk f][]kkYjq lg hml l`] H]f\]jk af l`] hgkalagf l`]q ogmd\ `Yn] Z]]f af `Y\ l`] YhhjghjaYl] jYl] g^ l`] IYj_af Z]]f Yhhda]\ \mjaf_ km[` h]jag\* hjgna\]\ l`Yl Yfq Y\bmkle]flk hmjkmYfl lg (=) gj (>) ("BQbWY^ 6TZecd]U^dc") YZgn] oadd gfdq Yhhdq lg H]f\]jk o`g o]j] hYjla[ahYlaf_ af l`] BY[adalq Zgl` Yl l`] lae] lg o`a[` l`] Y\bmkle]flk j]dYl] Yf\ l`] lae] o`]f l`] Y\bmkle]flk Yj] Y[lmYddq eY\], P`] =_]fl'k \]l]jeafYlagf g^ l`] Y\bmkle]flk hYqYZd] k`Ydd Z] hjaeY ^Y[a] ]na\]f[] g^ km[` Y\bmkle]flk Yf\ l`] =_]fl k`Ydd* a^ kg j]im]kl]\ Zq l`] ?gehYfq* hjgna\] l`] ?gehYfq oal` j]YkgfYZd] \]lYadk g^ l`] [Yd[mdYlagf g^ km[` Y\bmkle]flk9 (an) a^* ^gddgoaf_ j][]ahl Zq l`] =_]fl g^ l`] =ffmYd BafYf[aYd OlYl]e]flk Yf\ j]dYl]\ ?gehdaYf[] ?]jla^a[Yl]* l`gk] ^afYf[aYd klYl]e]flk Yf\ ?gehdaYf[] ?]jla^a[Yl] \g fgl [gf^aje l`] ZYkak ^gj Y j]\m[]\ IYj_af* l`]f l`] IYj_af ^gj l`Yl HgYf k`Ydd Z] l`] h]j[]flY_] h]j Yffme \]l]jeaf]\ mkaf_ l`] lYZd] YZgn] Yf\ l`] j]nak]\ jYlag g^ H]n]jY_] [Yd[mdYl]\ mkaf_ l`] ^a_mj]k af l`] ?gehdaYf[] ?]jla^a[Yl]9 (n) o`ad] Yf An]fl g^ @]^Ymdl ak [gflafmaf_ gj l`] ?gehYfq `Yk fgl \]dan]j]\ Y ?gehdaYf[] ?]jla^a[Yl] o`]f \m] mf\]j l`] l]jek g^ l`ak =_j]]e]fl* l`] IYj_af ^gj ]Y[` HgYf k`Ydd Z] l`] `a_`]kl h]j[]flY_] h]j Yffme k]l gml YZgn]9 (na) ^gj l`] hmjhgk] g^ \]l]jeafaf_ l`] IYj_af* H]n]jY_] Yf\ N]d]nYfl L]jag\ k`Ydd Z] \]l]jeaf]\ af Y[[gj\Yf[] oal` [dYmk] 01,/ (Financial definitions)9 Yf\ (naa) l`]j] k`Ydd Z] fg daeal gf l`] fmeZ]j g^ af[j]Yk]k gj j]\m[lagfk (Yk l`] [Yk] eYq Z]) af l`] IYj_af lg Z] ]^^][l]\ gf Yfq kaf_d] j]k]l \Yl]9 "BQb[Ud 9Ycbe`dY_^ GQdU" e]Yfk l`] jYl] (a^ Yfq) kh][a^a]\ Yk km[` af l`] Yhhda[YZd] N]^]j]f[] NYl] P]jek9 "BQdUbYQ\ 6TfUbcU :VVUSd" e]Yfk Yfq ]n]fl gj [aj[meklYf[] o`a[` `Yk Y eYl]jaYd Y\n]jk] ]^^][l gf8 (Y) l`] Zmkaf]kk gj ^afYf[aYd [gf\alagf g^ l`] Cjgmh lYc]f Yk Y o`gd]9 (Z) l`] YZadalq g^ l`] KZda_gjk (lYc]f Yk Y o`gd] Yf\ lYcaf_ aflg Y[[gmfl ^afYf[aYd kmhhgjl Yf\ j]kgmj[]k g^ l`] Cjgmh) lg h]j^gje l`]aj hYqe]fl gZda_Ylagfk mf\]j l`] BafYf[] @g[me]flk9 gj ([) kmZb][l lg l`] H]_Yd N]k]jnYlagfk* l`] ja_`lk gj j]e]\a]k g^ l`] BafYf[] LYjla]k (lYc]f Yk Y o`gd]) mf\]j Yfq g^ l`] BafYf[] @g[me]flk Yf\* a^ [YhYZd] g^ j]e]\q* ak fgl j]e]\a]\ oal`af 0. >mkaf]kk @Yqk g^ l`] ]Yjda]j g^ (=) l`] =_]fl _anaf_ fgla[] 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 01 ?gehYfq Yf\ (>) Yf KZda_gj Z][geaf_ YoYj] g^ l`] g[[mjj]f[] g^ km[` ]n]fl gj [aj[meklYf[]9 "BQdUbYQ\ 8_]`Q^i" e]Yfk* Yl Yfq lae]8 (Y) Yf KZda_gj9 (Z) Y o`gddq+gof]\ e]eZ]j g^ l`] Cjgmh l`Yl `gd\k k`Yj]k af Yf KZda_gj9 gj ([) (]p[]hl ^gj af j]kh][l g^ Y OmZka\aYjq g^ l`] ?gehYfq ^gje]\ Yf\-gj j]ka\]fl af ?YfY\Y) Y OmZka\aYjq g^ l`] ?gehYfq o`a[` `Yk8 (a) ]Yjfaf_k Z]^gj] afl]j]kl* lYp* \]hj][aYlagf Yf\ YegjlakYlagf ([Yd[mdYl]\ gf l`] kYe] ZYkak Yk A>EP@=) j]hj]k]flaf_ 3 h]j []fl gj egj] g^ l`] A>EP@= g^ l`] Cjgmh9 gj (aa) mf[gfkgda\Yl]\ _jgkk Ykk]lk j]hj]k]flaf_ 3 h]j []fl gj egj] g^ l`] ?gfkgda\Yl]\ Cjgkk =kk]lk g^ l`] Cjgmh9 Yf\ (\) Y OmZka\aYjq g^ l`] ?gehYfq ^gje]\ Yf\-gj j]ka\]fl af ?YfY\Y lg l`] ]pl]fl l`Yl ak `Yk8 (a) ]Yjfaf_k Z]^gj] afl]j]kl* lYp* \]hj][aYlagf Yf\ YegjlakYlagf ([Yd[mdYl]\ gf l`] kYe] ZYkak Yk A>EP@=) j]hj]k]flaf_ 5,3 h]j []fl gj egj] g^ l`] A>EP@= g^ l`] Cjgmh9 gj (aa) mf[gfkgda\Yl]\ _jgkk Ykk]lk j]hj]k]flaf_ 5,3 h]j []fl gj egj] g^ l`] ?gfkgda\Yl]\ Cjgkk =kk]lk g^ l`] Cjgmh, ?gehdaYf[] oal` l`] [gf\alagfk k]l gml af hYjY_jYh` ([) Yf\ hYjY_jYh` (\) k`Ydd Z] \]l]jeaf]\ Zq j]^]j]f[] lg l`] egkl j][]fl ?gehdaYf[] ?]jla^a[Yl] kmhhda]\ Zq l`] ?gehYfq Yf\-gj l`] dYl]kl Ym\al]\ ^afYf[aYd klYl]e]flk g^ l`Yl OmZka\aYjq ([gfkgda\Yl]\ af l`] [Yk] g^ Y OmZka\aYjq o`a[` alk]d^ `Yk OmZka\aYja]k) Yf\ l`] dYl]kl Ym\al]\ [gfkgda\Yl]\ ^afYf[aYd klYl]e]flk g^ l`] Cjgmh, Dgo]n]j* a^ Y OmZka\aYjq `Yk Z]]f Y[imaj]\ kaf[] l`] \Yl] Yk Yl o`a[` l`] dYl]kl Ym\al]\ [gfkgda\Yl]\ ^afYf[aYd klYl]e]flk g^ l`] Cjgmh o]j] hj]hYj]\* l`] ^afYf[aYd klYl]e]flk k`Ydd Z] \]]e]\ lg Z] Y\bmkl]\ af gj\]j lg lYc] aflg Y[[gmfl l`] Y[imakalagf g^ l`Yl OmZka\aYjq9 "B_^dX" e]Yfk Y h]jag\ klYjlaf_ gf gf] \Yq af Y [Yd]f\Yj egfl` Yf\ ]f\af_ gf l`] fme]ja[Yddq [gjj]khgf\af_ \Yq af l`] f]pl [Yd]f\Yj egfl`* ]p[]hl l`Yl8 (Y) gl`]j l`Yf o`]j] hYjY_jYh` (Z) Z]dgo Yhhda]k8 (a) kmZb][l lg hYjY_jYh` (Y)(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 (aa) 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\ (aaa) 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\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 02 (Z) af j]dYlagf lg Yf Efl]j]kl L]jag\ ^gj Yfq HgYf (gj Yfq gl`]j h]jag\ ^gj l`] Y[[jmYd g^ [geeakkagf gj ^]]k) af Y ?gehgmf\]\ NYl] ?mjj]f[q ^gj o`a[` l`]j] Yj] jmd]k kh][a^a]\ Yk ">mkaf]kk @Yq ?gfn]flagfk" af j]kh][l g^ l`Yl [mjj]f[q af l`] Yhhda[YZd] ?gehgmf\]\ NYl] P]jek* l`gk] jmd]k k`Ydd Yhhdq, P`] YZgn] jmd]k oadd gfdq Yhhdq lg l`] dYkl Igfl` g^ Yfq h]jag\9 "Be\dY(QSS_e^d DfUbTbQVd" e]Yfk Yf =f[addYjq BY[adalq o`a[` ak Yf gn]j\jY^l ^Y[adalq [gehjakaf_ egj] l`Yf gf] Y[[gmfl9 "Be\dYU]`\_iUb E\Q^" Yfq ]ehdgq]] Z]f]^al hdYf g^ l`] lqh] \]k[jaZ]\ af O][lagf 2../(Y)(1) g^ ANEO=* lg o`a[` Yfq KZda_gj gj Yfq ANEO= =^^adaYl] eYc]k gj ak gZda_Yl]\ lg eYc] [gfljaZmlagfk* gj \mjaf_ l`] hj][]\af_ ^an] hdYf q]Yjk* `Yk eY\] gj Z]]f gZda_Yl]\ lg eYc] [gfljaZmlagfk9 "Be\dY`\U :]`\_iUb E\Q^" Y LdYf o`a[` `Yk log gj egj] [gfljaZmlaf_ khgfkgjk (af[dm\af_ Yfq KZda_gj gj Yfq ANEO= =^^adaYl]) Yl d]Ykl log g^ o`ge Yj] fgl mf\]j [geegf [gfljgd* Yk km[` Y hdYf ak \]k[jaZ]\ af O][lagf 2.42 g^ ANEO=9 "CUd DedcdQ^TY^Wc" e]Yfk* af j]dYlagf lg Y Imdla+Y[[gmfl Kn]j\jY^l* l`] =f[addYjq KmlklYf\af_k g^ l`Yl Imdla+Y[[gmfl Kn]j\jY^l9 "CUg AU^TUb" `Yk l`] e]Yfaf_ _an]f lg l`Yl l]je af [dYmk] 04 (Changes to the Lenders)9 "C_^(DR\YW_b" e]Yfk Y e]eZ]j g^ l`] Cjgmh o`a[` ak fgl Yf KZda_gj9 "C_dUc" e]Yfk l`] fgl]k akkm]\ hmjkmYfl lg l`] Jgl] @g[me]flk9 "C_dU 9_Se]U^dc" e]Yfk8 (Y) l`] fgl] hmj[`Yk] Yf\ hjanYl] k`]d^ Y_j]]e]fl ^gj mh lg QO $/..*...*... ]fl]j]\ aflg Zq >= Dgd\af_k* Ef[, gf /1 IYq 0.//* Yk Ye]f\]\ gf 07 Fmf] 0./4 Yf\ Yk ^mjl`]j Ye]f\]\ gf gj Yjgmf\ l`] \Yl] g^ l`ak =_j]]e]fl9 (Z) l`] _mYjYfl]]k ]fl]j]\ aflg Zq ]Y[` KZda_gj hmjkmYfl lg l`] fgl] hmj[`Yk] Yf\ hjanYl] k`]d^ Y_j]]e]fl j]^]jj]\ lg af hYjY_jYh` (Y) YZgn]9 ([) ]Y[` fgl] akkm]\ hmjkmYfl lg l`] fgl] hmj[`Yk] Yf\ hjanYl] k`]d^ Y_j]]e]fl j]^]jj]\ lg af hYjY_jYh` (Y) YZgn]9 Yf\ (\) Yfq gl`]j Jgl] @g[me]fl Yk \]^af]\ af l`] fgl] hmj[`Yk] Yf\ hjanYl] k`]d^ Y_j]]e]fl j]^]jj]\ lg af hYjY_jYh` (Y) YZgn]9 "DR\YW_b" e]Yfk Y >gjjgo]j gj Y CmYjYflgj9 "D;68" e]Yfk l`] K^^a[] g^ Bgj]a_f =kk]l ?gfljgd g^ l`] QO @]hYjle]fl g^ l`] Pj]Ykmjq9 "D`dY_^Q\ 8ebbU^Si" e]Yfk Y [mjj]f[q (gl`]j l`Yf l`] >Yk] ?mjj]f[q) o`a[` [gehda]k oal` l`] [gf\alagfk k]l gml af [dYmk] 2,1 (Conditions relating to Optional Currencies)9 "DbYWY^Q\ ;Y^Q^SYQ\ HdQdU]U^dc" e]Yfk8 (Y) af j]dYlagf lg l`] ?gehYfq* l`] Ym\al]\ [gfkgda\Yl]\ ^afYf[aYd klYl]e]flk g^ l`] Cjgmh ^gj l`] BafYf[aYd U]Yj ]f\]\ 1/ @][]eZ]j 0.0.9 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 03 (Z) af j]dYlagf lg ]Y[` Kja_afYd KZda_gj (gl`]j l`Yf l`] ?gehYfq)* alk ^afYf[aYd klYl]e]flk ^gj alk BafYf[aYd U]Yj ]f\]\ 1/ @][]eZ]j 0.0. (Ym\al]\ lg l`] ]pl]fl j]imaj]\ Zq dYo)9 ([) af j]dYlagf lg Yfq gl`]j KZda_gj* alk Ym\al]\ ^afYf[aYd klYl]e]flk \]dan]j]\ lg l`] =_]fl Yk j]imaj]\ Zq [dYmk] 05 (Changes to the Obligors)9 "DbYWY^Q\ DR\YW_b" e]Yfk Yf Kja_afYd >gjjgo]j gj Yf Kja_afYd CmYjYflgj9 "EQbdYSY`QdY^W BU]RUb HdQdU" e]Yfk Yfq e]eZ]j klYl] g^ l`] Amjgh]Yf Qfagf l`Yl `Yk l`] ]mjg Yk alk dYo^md [mjj]f[q af Y[[gj\Yf[] oal` d]_akdYlagf g^ l`] Amjgh]Yf Qfagf j]dYlaf_ lg A[gfgea[ Yf\ Igf]lYjq Qfagf9 "EQbdi" e]Yfk Y hYjlq ^gj l`] lae] Z]af_ lg l`ak =_j]]e]fl9 "E7<8" e]Yfk l`] QO L]fkagf >]f]^al CmYjYflq ?gjhgjYlagf* gj Yfq ]flalq km[[]]\af_ lg Ydd gj Yfq g^ alk ^mf[lagfk mf\]j ANEO=9 "EU^cY_^ E\Q^" e]Yfk Yfq ]ehdgq]] h]fkagf Z]f]^al hdYf (af[dm\af_ Y Imdlahd] Aehdgq]j LdYf gj Y Imdla]ehdgq]j LdYf) l`Yl ak eYaflYaf]\ gj ak [gfljaZml]\ lg Zq Yfq KZda_gj Yf\ Yfq ANEO= =^^adaYl] Yf\ ak ]al`]j [gn]j]\ Zq Pald] ER g^ ANEO= gj ak kmZb][l lg l`] eafaeme ^mf\af_ klYf\Yj\k mf\]j O][lagf 2/0 g^ l`] ?g\]9 "EUb]YddUT 6SaeYcYdY_^" e]Yfk Yf Y[imakalagf g^ l`] akkm]\ k`Yj] [YhalYd g^ Y daeal]\ daYZadalq [gehYfq gj Y Zmkaf]kk gj mf\]jlYcaf_* Zml gfdq a^ l`] [gfka\]jYlagf (af[dm\af_ Ykkg[aYl]\ [gklk Yf\ ]ph]fk]k) ^gj l`] Y[imakalagf Yf\ Yfq BafYf[aYd Ef\]Zl]\f]kk gj gl`]j Ykkme]\ Y[lmYd gj [gflaf_]fl daYZadalq* af ]Y[` [Yk] j]eYafaf_ af l`] Y[imaj]\ [gehYfq (gj Yfq km[` Zmkaf]kk) Yl l`] \Yl] g^ Y[imakalagf \g]k fgl ]p[]]\ af Y__j]_Yl] 1. h]j []fl, g^ l`] [gfkgda\Yl]\ f]l Ykk]lk g^ l`] Cjgmh Yk Yl l`] [gehd]lagf \Yl] ^gj l`] j]d]nYfl Y[imakalagf9 "EUb]YddUT 9Yc`_cQ\" e]Yfk Yfq kYd]* d]Yk]* da[]f[]* ljYfk^]j gj gl`]j \akhgkYd o`a[`* ]p[]hl af l`] [Yk] g^ hYjY_jYh`k (Z) Yf\ (e)* ak gf Yje'k d]f_l` l]jek8 (Y) g^ ljY\af_ klg[c gj [Yk` eY\] Zq Yfq e]eZ]j g^ l`] Cjgmh af l`] gj\afYjq [gmjk] g^ ljY\af_ g^ l`] \akhgkaf_ ]flalq9 (Z) g^ Yfq Ykk]l Zq Y e]eZ]j g^ l`] Cjgmh lg Yfgl`]j e]eZ]j g^ l`] Cjgmh9 ([) l`] \akhgkYd* kmZ+d]llaf_* da[]f[] gj d]Yk] g^ Yfq N]Yd Ljgh]jlq af l`] gj\afYjq [gmjk] g^ Zmkaf]kk9 (\) g^ kmjhdmk* j]\mf\Yfl gj gZkgd]l] Ykk]lk (af[dm\af_* oal`gml daealYlagf* N]Yd Ljgh]jlq* n]`a[d]k* hdYfl Yf\ ]imahe]fl) o`a[` Yj] fgl j]imaj]\ ^gj l`] gh]jYlagf g^ l`] Zmkaf]kk g^ l`] Cjgmh9 (]) g^ Ykk]lk (gl`]j l`Yf k`Yj]k* Zmkaf]kk]k gj N]Yd Ljgh]jlq) af ]p[`Yf_] ^gj gl`]j Ykk]lk [gehYjYZd] gj kmh]jagj Yk lg lqh]* nYdm] Yf\ imYdalq (gl`]j l`Yf Yf ]p[`Yf_] g^ Y fgf+ [Yk` Ykk]l ^gj [Yk`)9 (^) g^ Ykk]lk lg Y L]jeall]\ Fgafl R]flmj]9 (_) g^ ?Yk` AimanYd]fl Efn]kle]flk ^gj [Yk` gj af aee]\aYl] ]p[`Yf_] ^gj gl`]j ?Yk` AimanYd]fl Efn]kle]flk9 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 (`) [gfklalml]\ Zq Y da[]f[] g^ afl]dd][lmYd hjgh]jlq ja_`lk9 (a) Yjakaf_ Yk Y j]kmdl g^ Yfq L]jeall]\ O][mjalq9 (b) g^ [Yk` Zq oYq g^ Y L]jeall]\ HgYf9 (c) g^ [Yk` af gj\]j lg [gehd]l] Y L]jeall]\ =[imakalagf9 (d) g^ Ykk]lk o`a[` Yj] k]ar]\* ]phjghjaYl]\ gj Y[imaj]\ Zq [gehmdkgjq hmj[`Yk] gj\]j Zq Yfq _gn]jfe]flYd* j]_mdYlgjq gj gl`]j Yml`gjalq9 (e) g^ lYp dgkk]k Z]lo]]f e]eZ]jk g^ l`] Cjgmh gj Y [gfn]jkagf g^ afljY+_jgmh dgYfk aflg ]imalq9 (f) l`Yl ak Y L]jeall]\ PjYfkY[lagf9 (g) g^ k`Yj]k af l`] ?gehYfq Zq l`] ?gehYfq gj Yfq gl`]j e]eZ]j g^ l`] Cjgmh af [gff][lagf oal` Yfq ]ehdgq]] k`Yj] gof]jk`ah gj k`Yj] af[]flan] hdYf9 gj (h) g^ [Yk` af gj\]j lg ^mf\ l`] Y[imakalagf g^ k`Yj]k af l`] ?gehYfq af [gff][lagf oal` Yfq ]ehdgq]] k`Yj] gof]jk`ah gj k`Yj] af[]flan] hdYf9 gj (i) km[` gl`]j \akhgkYdk fgl h]jeall]\ Zq l`] hj][]\af_ hYjY_jYh`k* hjgna\]\ l`Yl l`] Y__j]_Yl] nYdm] g^ Ydd \akhgkYdk g^ l`] Cjgmh \g]k fgl ]p[]]\ af Y__j]_Yl] $1.*...*... (gj alk ]imanYd]fl)9 "EUb]YddUT 9YcdbYRedY_^" e]Yfk8 (Y) l`] hYqe]fl g^ Y \ana\]f\ lg Yfq e]eZ]j g^ l`] Cjgmh Zq Yfq g^ l`Yl e]eZ]j g^ l`] Cjgmh'k OmZka\aYja]k9 (Z) l`] hYqe]fl g^ Y \ana\]f\ Zq l`] ?gehYfq hjgna\]\ fg An]fl g^ @]^Ymdl `Yk g[[mjj]\ Yf\ ak [gflafmaf_ gj ogmd\ j]kmdl ^jge km[` hYqe]fl* af ]Y[` [Yk]* Yl l`] lae] km[` \ana\]f\ ak \][dYj]\9 ([) l`] hYqe]fl g^ Yfq gl`]j \ana\]f\ Y_j]]\ Z]lo]]f l`] ?gehYfq Yf\ l`] =_]fl (Y[laf_ gf l`] afkljm[lagfk g^ l`] IYbgjalq H]f\]jk)9 "EUb]YddUT ;Y^Q^SYQ\ >^TURdUT^Ucc" e]Yfk8 (Y) Yfq BafYf[aYd Ef\]Zl]\f]kk af[mjj]\ Zq Yfq KZda_gj9 (Z) Yfq BafYf[aYd Ef\]Zl]\f]kk af[mjj]\ mf\]j gj af [gff][lagf oal` Yfq ?`afY H]f\af_ =jjYf_]e]fl9 Yf\ ([) BafYf[aYd Ef\]Zl]\f]kk af[mjj]\ Zq Yfq Jgf+KZda_gj* l`] gmlklYf\af_ hjaf[ahYd Yegmfl g^ o`a[` \g]k fgl ]p[]]\ $/.*...*... (gj alk ]imanYd]fl) af Y__j]_Yl] ^gj l`] Jgf+KZda_gjk Yl Yfq lae]9 "EUb]YddUT <eQbQ^dUU" e]Yfk8 (Y) l`] ]f\gjk]e]fl g^ f]_glaYZd] afkljme]flk af l`] gj\afYjq [gmjk] g^ ljY\]9 (Z) Yfq _mYjYfl]] lg Y hjgh]jlq dYf\dgj\ g^ o`a[` Y e]eZ]j g^ l`] Cjgmh ak Y l]fYfl9 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 ([) Yfq h]j^gjeYf[] gj kaeadYj Zgf\ _mYjYfl]]af_ h]j^gjeYf[] Zq Y e]eZ]j g^ l`] Cjgmh mf\]j Yfq [gfljY[l ]fl]j]\ aflg af l`] gj\afYjq [gmjk] g^ ljY\]9 (\) Yfq _mYjYfl]] gj af\]efalq Yjakaf_ mf\]j Yfq PjYfkY[lagf @g[me]fl9 (]) Yfq af\]efalq _an]f Zq Y e]eZ]j g^ l`] Cjgmh ^gj alk daYZadala]k af l`] gj\afYjq [gmjk] g^ ljY\]9 (^) Y _mYjYfl]] g^ BafYf[aYd Ef\]Zl]\f]kk Yk hYjl g^ Y L]jeall]\ Fgafl R]flmj]9 (_) Y _mYjYfl]] af j]kh][l g^ gZda_Ylagfk g^ Yfgl`]j e]eZ]j g^ l`] Cjgmh9 (`) Yfq _mYjYfl]] _an]f af j]kh][l g^ l`] f]llaf_ gj k]l+g^^ YjjYf_]e]flk h]jeall]\ hmjkmYfl lg hYjY_jYh` ([) g^ l`] \]^afalagf g^ L]jeall]\ O][mjalq9 (a) l`] _mYjYfl]] Yf\ af\]efalq \Yl]\ 2 Fmf] 0./6 _an]f Zq l`] ?gehYfq Yf\ Hmp^]j CYk ?qdaf\]jk Haeal]\ af ^Yngmj g^ Haf\Y O]\\gf af j]kh][l g^ Y _Yk [qdaf\]j af[a\]fl af ElYdq af FYfmYjq 0./29 (b) l`] af\]efalq _an]f Zq Hmp^]j CYk ?qdaf\]jk Haeal]\ \Yl]\ 6 =hjad 0./7 af ^Yngmj g^ @Yna\ Fg`f OhYjc]k af j]kh][l g^ l`] [dgkmj] g^ Y ^Y[lgjq af C]jrYl* BjYf[]9 (c) Yfq _mYjYfl]] gj af\]efalq _an]f Zq Y e]eZ]j g^ l`] Cjgmh af j]kh][l g^ Yfq gZda_Ylagfk g^ Yf ]ehdgq]] gj g^^a[]j g^ Y e]eZ]j g^ l`] Cjgmh* o`a[` gZda_Ylagfk k`Ydd fgl ]p[]]\ QO@ 03.*... (gj alk ]imanYd]fl) af Y__j]_Yl] ^gj Ydd km[` gZda_Ylagfk kmhhgjl]\ Zq km[` _mYjYfl]] gj af\]efalq hmjkmYfl lg l`ak [dYmk] (c) gmlklYf\af_ Yl Yfq lae]9 (d) Yfq _mYjYfl]] af j]kh][l g^ Y O`]d^ BY[adalq gj Yfq gl`]j L]jeall]\ BafYf[aYd Ef\]Zl]\f]kk9 "EUb]YddUT ?_Y^d KU^debU" e]Yfk Yfq afn]kle]fl Zq Yfq e]eZ]j g^ l`] Cjgmh o`]j] l`] bgafl n]flmj] afl]j]kl ak `]d\ l`jgm_` Yf ]flalq af[gjhgjYl]\ gj ^gje]\ oal` daeal]\ daYZadalq Yf\ l`] Y__j]_Yl] (oal`gml \gmZd] [gmflaf_) g^8 (Y) Ydd gmlklYf\af_ Yegmflk d]fl* Y\nYf[]k* [gfljaZml]\ lg gj ^gj ]imalq af* gj gl`]joak] afn]kl]\ af* km[` ]flalq Zq e]eZ]jk g^ l`] Cjgmh9 (Z) l`] eYjc]l nYdm] (Yl l`] \Yl] g^ ljYfk^]j gj [gfljaZmlagf) g^ Ydd Ykk]lk ljYfk^]jj]\ gj [gfljaZml]\ lg km[` ]flalq Zq e]eZ]jk g^ l`] Cjgmh lg l`] ]pl]fl ]p[]]\af_ l`] nYdm] g^ l`] [gfka\]jYlagf ^gj km[` ljYfk^]jk gj [gfljaZmlagfk9 Yf\ ([) Ydd gmlklYf\af_ BafYf[aYd Ef\]Zl]\f]kk af[mjj]\ (o`]l`]j Zq oYq g^ _mYjYfl]] gj gl`]joak]) af j]dYlagf lg km[` ]flalq Zq e]eZ]jk g^ l`] Cjgmh* \g]k fgl* o`]f lYc]f lg_]l`]j oal` Yfq [gflaf_]fl daYZadalq g^ l`] L]jeall]\ Fgafl R]flmj]* ]p[]]\ $03*...*... (gj alk ]imanYd]fl)9 "EUb]YddUT A_Q^" e]Yfk8 (Y) Yfq ljY\] [j]\al ]pl]f\]\ Zq Yfq e]eZ]j g^ l`] Cjgmh lg alk [mklge]jk gf fgjeYd [gee]j[aYd l]jek Yf\ af l`] gj\afYjq [gmjk] g^ alk ljY\af_ Y[lanala]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 06 (Z) BafYf[aYd Ef\]Zl]\f]kk o`a[` ak j]^]jj]\ lg af l`] \]^afalagf g^* gj gl`]joak] [gfklalml]k* L]jeall]\ BafYf[aYd Ef\]Zl]\f]kk9 ([) Yfq dgYf eY\] lg Y L]jeall]\ Fgafl R]flmj]9 (\) Yfq dgYf gj Y\nYf[] eY\] lg ]ehdgq]]k g^ Yfq e]eZ]j g^ l`] Cjgmh o`a[` dgYfk Yf\ Y\nYf[]k k`Ydd fgl ]p[]]\ $2*...*... af Y__j]_Yl] ^gj Ydd dgYfk lg ]ehdgq]]k (gj alk ]imanYd]fl) gmlklYf\af_ Yl Yfq lae]9 (]) Yfq dgYf* Y\nYf[] gj gl`]j ^afYf[aYd ^Y[adalq af Yf Y__j]_Yl] Yegmfl fgl lg ]p[]]\ $0*...*... af Yfq [Yd]f\Yj q]Yj eY\] YnYadYZd] lg l`] ljmkl]] g^ l`] AOKL* l`] ljmkl]] gj Y\eafakljYlgj (gj Yfq kaeadYj l`aj\ hYjlq) g^ Yfq gl`]j ]ehdgq]] k`Yj] gof]jk`ah gj k`Yj] af[]flan] hdYf gj kaeadYj k[`]e] gj lg Yf ]ehdgq]] o`]l`]j ^gj l`] hmjhgk] g^ Y[imajaf_ gj\afYjq* hj]^]j]f[] gj \]^]jj]\ k`Yj]k gj =e]ja[Yf \]hgkalYjq j][]ahlk gj k`Yj]k af l`] ?gehYfq gj Yfq e]eZ]j g^ l`] Cjgmh* hjgna\]\ l`Yl km[` dgYf* Y\nYf[] gj gl`]j ^afYf[aYd ^Y[adalq eYq fgl ]p[]]\ $/.*...*... Yl Yfq gf] lae] gmlklYf\af_9 (^) Y dgYf eY\] Zq Y e]eZ]j g^ l`] Cjgmh lg Yfgl`]j e]eZ]j g^ l`] Cjgmh9 gj (_) Yfq dgYf (gl`]j l`Yf Y dgYf l`Yl ogmd\ ^Ydd oal`af gf] g^ l`] daeZk k]l gml YZgn]) kg dgf_ Yk l`] Y__j]_Yl] Yegmfl g^ BafYf[aYd Ef\]Zl]\f]kk mf\]j Yfq km[` dgYf \g]k fgl ]p[]]\ $/*...*... (gj alk ]imanYd]fl) Yl Yfq lae]9 "EUb]YddUT HUSebYdi" e]Yfk8 (Y) Yfq da]f Yjakaf_ Zq gh]jYlagf g^ dYo Yf\ af l`] gj\afYjq [gmjk] g^ ljY\af_ Yf\ fgl Yk Y j]kmdl g^ Yfq \]^Ymdl gj geakkagf Zq Yfq e]eZ]j g^ l`] Cjgmh9 (Z) Yfq f]llaf_ gj k]l+g^^ YjjYf_]e]fl ]fl]j]\ aflg Zq Yfq e]eZ]j g^ l`] Cjgmh af l`] gj\afYjq [gmjk] g^ alk ZYfcaf_ YjjYf_]e]flk ^gj l`] hmjhgk] g^ f]llaf_ \]Zal Yf\ [j]\al ZYdYf[]k g^ e]eZ]jk g^ l`] Cjgmh Zml gfdq kg dgf_ Yk km[` YjjYf_]e]fl \g]k fgl _an] jak] lg gl`]j O][mjalq gn]j l`] Ykk]lk g^ KZda_gjk af kmhhgjl g^ daYZadala]k g^ e]eZ]jk g^ l`] Cjgmh o`a[` Yj] fgl KZda_gjk9 ([) Yfq hYqe]fl gj [dgk] gml f]llaf_ gj k]l+g^^ YjjYf_]e]fl hmjkmYfl lg Yfq Pj]Ykmjq PjYfkY[lagf gj ^gj]a_f ]p[`Yf_] ljYfkY[lagf ]fl]j]\ aflg Zq Y e]eZ]j g^ l`] Cjgmh o`a[` [gfklalml]k L]jeall]\ BafYf[aYd Ef\]Zl]\f]kk* ]p[dm\af_ Yfq O][mjalq gj MmYka+O][mjalq mf\]j Y [j]\al kmhhgjl YjjYf_]e]fl9 (\) Yfq O][mjalq gj MmYka+O][mjalq Yjakaf_ mf\]j Yfq j]l]flagf g^ lald]* `aj] hmj[`Yk] gj [gf\alagfYd kYd] YjjYf_]e]fl gj YjjYf_]e]flk `Ynaf_ kaeadYj ]^^][l af j]kh][l g^ _gg\k kmhhda]\ lg Y e]eZ]j g^ l`] Cjgmh af l`] gj\afYjq [gmjk] g^ ljY\af_ Yf\ gf l`] kmhhda]j'k klYf\Yj\ gj mkmYd l]jek Yf\ fgl Yjakaf_ Yk Y j]kmdl g^ Yfq \]^Ymdl gj geakkagf Zq Yfq e]eZ]j g^ l`] Cjgmh9 (]) Yfq MmYka+O][mjalq Yjakaf_ Yk Y j]kmdl g^ Y \akhgkYd o`a[` ak Y L]jeall]\ @akhgkYd9 gj (^) Yfq O][mjalq gj MmYka+O][mjalq Yjakaf_ Yk Y [gfk]im]f[] g^ Yfq ^afYf[] gj [YhalYd d]Yk]9 (_) Yfq O][mjalq gj MmYka+O][mjalq gn]j gj Y^^][laf_ Yfq Ykk]l Y[imaj]\ Zq Y e]eZ]j g^ l`] Cjgmh Y^l]j l`] \Yl] g^ l`ak =_j]]e]fl a^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 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.

 

#/046.26.4n6:=?PERA< + BY[adala]k Y_j]]e]fl + Hmp^]j+ ATA?QPEKJ 1. (Z) l`] kgdn]fl daima\Ylagf gj j]gj_YfakYlagf g^ Yfq e]eZ]j g^ l`] Cjgmh (gl`]j l`Yf l`] ?gehYfq) kg dgf_ Yk Yfq hYqe]flk gj Ykk]lk \akljaZml]\ Yk Y j]kmdl g^ km[` daima\Ylagf gj j]gj_YfakYlagf Yj] \akljaZml]\ lg gl`]j e]eZ]jk g^ l`] Cjgmh9 gj ([) ljYfkY[lagfk (gl`]j l`Yf8 (a) Yfq kYd]* d]Yk]* da[]fk]* ljYfk^]j gj gl`]j \akhgkYd9 Yf\ (aa) l`] _jYflaf_ gj [j]Ylagf g^ O][mjalq gj l`] af[mjjaf_ gj h]jeallaf_ lg kmZkakl g^ BafYf[aYd Ef\]Zl]\f]kk)* [gf\m[l]\ af l`] gj\afYjq [gmjk] g^ ljY\af_ gf Yje'k d]f_l` l]jek9 "E\Q^" e]Yfk Yfq ]ehdgq]] Z]f]^al hdYf oal`af l`] e]Yfaf_ g^ O][lagf 1(1) g^ ANEO= (af[dm\af_ Y L]fkagf LdYf)* eYaflYaf]\ ^gj ]ehdgq]]k g^ Yfq KZda_gj gj Yfq ANEO= =^^adaYl] gj Yfq km[` LdYf lg o`a[` Yfq KZda_gj gj Yfq ANEO= =^^adaYl] ak j]imaj]\ lg [gfljaZml] gf Z]`Yd^ g^ Yfq g^ alk ]ehdgq]]k9 "EbY]Qbi IUb] GQdU" e]Yfk l`] jYl] kh][a^a]\ Yk km[` af l`] Yhhda[YZd] N]^]j]f[] NYl] P]jek9 "FeQbdUb\i ;Y^Q^SYQ\ HdQdU]U^dc" e]Yfk l`] ^afYf[aYd klYl]e]flk ^gj ]Y[` BafYf[aYd MmYjl]j \]dan]j]\ hmjkmYfl lg [dYmk] 00,/ (Financial statements)9 "FeQ\YViY^W AU^TUb" `Yk l`] e]Yfaf_ _an]f lg al af [dYmk] /3 (Tax gross-up and indemnities)9 "FeQcY(HUSebYdi" `Yk l`] e]Yfaf_ _an]f lg l`Yl l]je af [dYmk] 02,1 (Negative pledge)9 "Fe_dQdY_^ 9Qi" e]Yfk l`] \Yq kh][a^a]\ Yk km[` af l`] Yhhda[YZd] N]^]j]f[] NYl] P]jek9 "Fe_dQdY_^ 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 "Fe_dUT IU^_b" e]Yfk* af j]dYlagf lg Y LjaeYjq P]je NYl] gj Yf =dl]jfYlan] P]je NYl]* Yfq h]jag\ ^gj o`a[` l`Yl jYl] ak [mklgeYjadq \akhdYq]\ gf l`] j]d]nYfl hY_] gj k[j]]f g^ Yf af^gjeYlagf k]jna[]9 "GQdU HgYdSX 86H" e]Yfk* af j]dYlagf lg Yfq HgYf gj QfhYa\ Ome af Y NYl] Ooal[` ?mjj]f[q o`a[` ak gj Z][ge]k Y "8_]`_e^TUT GQdU A_Q^" hmjkmYfl lg [dYmk] /. (Rate Switch)* Yfq jYl] o`a[` ak ]al`]j8 (Y) kh][a^a]\ Yk km[` af l`] Yhhda[YZd] N]^]j]f[] NYl] P]jek9 gj (Z) \]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 kh][a^a]\ af l`] Yhhda[YZd] N]^]j]f[] NYl] P]jek, "GUQ\ Eb_`Ubdi" e]Yfk8 (Y) Yfq ^j]]`gd\* d]Yk]`gd\* [geegf`gd\ gj aeegnYZd] hjgh]jlq9 Yf\ (Z) Yfq Zmad\af_k* ^aplmj]k* ^allaf_k* ^ap]\ hdYfl gj eY[`af]jq ^jge lae] lg lae] kalmYl]\ gf gj ^gjeaf_ hYjl g^ l`Yl ^j]]`gd\* d]Yk]`gd\* [geegf`gd\ gj aeegnYZd] hjgh]jlq9 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/ "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.

 

#/046.26.4n6:=?PERA< + BY[adala]k Y_j]]e]fl + Hmp^]j+ ATA?QPEKJ 10 "GUcYW^QdY_^ AUddUb" e]Yfk Y d]ll]j kmZklYflaYddq af l`] ^gje k]l gml af k[`]\md] 5 (Form of Resignation Letter)9 "GUcdbYSdUT EUbc_^" e]Yfk Y h]jkgf l`Yl ak8 (Y) dakl]\ gf* gj gof]\ gj [gfljgdd]\ Zq Y h]jkgf dakl]\ gf Yfq OYf[lagfk Hakl9 (Z) dg[Yl]\ af* af[gjhgjYl]\ mf\]j l`] dYok g^* gj gof]\ gj [gfljgdd]\ Zq* gj Y[laf_ gf Z]`Yd^ g^* Y h]jkgf dg[Yl]\ af* j]ka\]fl af gj gj_Yfak]\ mf\]j l`] dYok g^ Y [gmfljq gj l]jjalgjq l`Yl ak l`] lYj_]l g^ [gmfljq+oa\] OYf[lagfk9 gj ([) gl`]joak] Y lYj_]l g^ OYf[lagfk9 "G;G" e]Yfk l`] jYl] kh][a^a]\ Yk km[` af l`] Yhhda[YZd] N]^]j]f[] NYl] P]jek9 "G;G 7Q^[Y^W 9Qi" e]Yfk Yfq \Yq kh][a^a]\ Yk km[` af l`] Yhhda[YZd] N]^]j]f[] NYl] P]jek9 "G_\\_fUb A_Q^" e]Yfk gf] gj egj] HgYfk8 (Y) eY\] gj lg Z] eY\] gf l`] kYe] \Yq l`Yl Y eYlmjaf_ HgYf ak \m] lg Z] j]hYa\9 (Z) l`] Y__j]_Yl] Yegmfl g^ o`a[` ak ]imYd lg gj d]kk l`Yf l`] Yegmfl g^ l`] eYlmjaf_ HgYf9 ([) 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\ (\) eY\] gj lg Z] eY\] lg l`] kYe] >gjjgo]j ^gj l`] hmjhgk] g^ j]^afYf[af_ l`Yl eYlmjaf_ HgYf9 "HQ^SdY_^UT 8_e^dbi" e]Yfk* Yl Yfq lae]* Y [gmfljq gj l]jjalgjq o`a[` ak* gj o`gk] _gn]jfe]fl ak* l`] lYj_]l g^ [gehj]`]fkan] OYf[lagfk (Z]af_* Yk g^ l`] \Yl] g^ l`ak =_j]]e]fl* l`] ?jae]Y j]_agf g^ QcjYaf]* ?mZY* EjYf* Jgjl` Ggj]Y* (Jgjl`) Om\Yf Yf\ OqjaY)9 "HQ^SdY_^c" e]Yfk Yfq ][gfgea[* ljY\] gj ^afYf[aYd kYf[lagfk dYok* j]_mdYlagfk* ]eZYj_g]k gj j]klja[lan] e]Ykmj]k Y\eafakl]j]\* aehgk]\* ]fY[l]\ gj ]f^gj[]\ Zq8 (Y) l`] Qfal]\ OlYl]k _gn]jfe]fl9 (Z) l`] Qfal]\ JYlagfk9 ([) l`] Amjgh]Yf Qfagf (af[dm\af_ l`] Ynga\Yf[] g^ \gmZl l`] Bj]f[` N]hmZda[) Yf\ Yfq AQ e]eZ]j klYl]9 (\) l`] Qfal]\ Gaf_\ge9 (]) l`] j]kh][lan] _gn]jfe]flYd afklalmlagfk Yf\ Y_]f[a]k g^ Yfq g^ l`] ^gj]_gaf_* af[dm\af_ oal`gml daealYlagf* l`] K^^a[] g^ Bgj]a_f =kk]lk ?gfljgd g^ l`] QO @]hYjle]fl g^ Pj]Ykmjq ("D;68")* l`] Qfal]\ OlYl]k @]hYjle]fl g^ OlYl]* l`] QJ O][mjalq ?gmf[ad Yf\ D]j IYb]klq'k Pj]Ykmjq9 gj (^) Yfq gl`]j j]d]nYfl kYf[lagfk Yml`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 11 (lg_]l`]j l`] "HQ^SdY_^c 6edX_bYdYUc")9 "HQ^SdY_^c AYcd" e]Yfk l`] "Oh][aYddq @]ka_fYl]\ JYlagfYdk Yf\ >dg[c]\ L]jkgfk" dakl akkm]\ Zq KB=?* l`] ?gfkgda\Yl]\ Hakl g^ BafYf[aYd OYf[lagfk PYj_]lk akkm]\ Zq D]j IYb]klq'k Pj]Ykmjq* gj Yfq kaeadYj dakl akkm]\ gj eYaflYaf]\ Yf\ eY\] hmZda[ Zq Yfq g^ l`] OYf[lagfk =ml`gjala]k Yk Ye]f\]\* kmhhd]e]fl]\ gj kmZklalml]\ ^jge lae] lg lae]9 "HUSebYdi" e]Yfk Y egjl_Y_]* [`Yj_]* hd]\_]* da]f gj gl`]j k][mjalq afl]j]kl k][mjaf_ Yfq gZda_Ylagf g^ Yfq h]jkgf gj Yfq gl`]j Y_j]]e]fl gj YjjYf_]e]fl `Ynaf_ Y kaeadYj ]^^][l9 "HXU\V ;QSY\Ydi" e]Yfk Yfq hjanYl] k`]d^ ^Y[adalq-ZadYl]jYd ^Y[adalq lg Z] ]fl]j]\ aflg Z]lo]]f Yfq e]eZ]j g^ l`] Cjgmh Yk akkm]j* LCEI* Ef[, %"EbYS_Q"& Yf\ ]Y[` =^^adaYl]* eYfY_]\ Y[[gmfl* afn]kle]fl ^mf\ gj gl`]j n]`a[d] ^gj o`a[` Lja[gY gj Yfq g^ alk =^^adaYl]k Y[lk Yk afn]kle]fl Y\nakgj gj hgjl^gdag eYfY_]j Yf\ l`Yl Z][ge]k hYjlq lg l`Yl hjanYl] k`]d^ ^Y[adalq-ZadYl]jYd ^Y[adalq ^jge lae] lg lae] Yk Y hmj[`Yk]j9 "HX_bdVQ\\" `Yk l`] e]Yfaf_ _an]f lg l`Yl l]je af [dYmk] 0,1 (Accordion - increase in the Facility)9 "H_\fU^d" e]Yfk* af j]dYlagf lg Yfq KZda_gj* l`Yl Yk g^ l`] \Yl] g^ \]l]jeafYlagf (Y) l`] kme g^ km[` KZda_gj'k \]Zl (af[dm\af_ [gflaf_]fl daYZadala]k) \g]k fgl ]p[]]\ Ydd g^ alk hjgh]jlq* Yl Y ^Yaj nYdmYlagf9 (Z) l`] hj]k]fl ^Yaj kYd]YZd] nYdm] g^ l`] hjgh]jlq g^ km[` KZda_gj ak fgl d]kk l`Yf l`] Yegmfl l`Yl oadd Z] j]imaj]\ lg hYq l`] hjgZYZd] daYZadalq g^ km[` KZda_gj gf alk \]Zlk Yk l`]q Z][ge] YZkgdml] Yf\ eYlmj]\9 ([) km[` KZda_gj ak YZd] lg hYq l`] hjgZYZd] daYZadalq gf km[` KZda_gj'k \]Zlk Yk l`]q Z][ge] YZkgdml] Yf\ eYlmj]\9 (\) km[` KZda_gj'k [YhalYd ak fgl mfj]YkgfYZdq keYdd af j]dYlagf lg l`] Zmkaf]kk af o`a[` al ak gj hjghgk]k lg Z] ]f_Y_]\9 Yf\ (]) km[` KZda_gj \g]k fgl afl]f\ lg af[mj* fgj \g]k al Z]da]n] al oadd af[mj* \]Zlk Z]qgf\ alk YZadalq lg hYq km[` \]Zlk Yk l`]q Z][ge] \m], Bgj hmjhgk]k g^ l`ak \]^afalagf* l`] Yegmfl g^ Yfq [gflaf_]fl daYZadalq Yl Yfq lae] k`Ydd Z] [gehml]\ Yk l`] Yegmfl l`Yl* af da_`l g^ Ydd g^ l`] ^Y[lk Yf\ [aj[meklYf[]k ]paklaf_ Yl km[` lae]* j]hj]k]flk l`] Yegmfl l`Yl [Yf j]YkgfYZdq Z] ]ph][l]\ lg Z][ge] Yf Y[lmYd gj eYlmj]\ daYZadalq, "H`USYVYUT IY]U" e]Yfk Y \Yq gj lae] \]l]jeaf]\ af Y[[gj\Yf[] oal` k[`]\md] /. (Timetables)9 "HeRcYTYQbi" e]Yfk Y kmZka\aYjq mf\]jlYcaf_ oal`af l`] e]Yfaf_ g^ k][lagf //40 g^ l`] ?gehYfa]k =[l 0..49 "I6G<:I-" e]Yfk l`] PjYfk+Amjgh]Yf =mlgeYl]\ N]Yd+lae] Cjgkk O]lld]e]fl Aphj]kk PjYfk^]j hYqe]fl kqkl]e o`a[` mladak]k Y kaf_d] k`Yj]\ hdYl^gje Yf\ o`a[` oYk dYmf[`]\ gf /7 Jgn]eZ]j 0..59 "I6G<:I 9Qi" e]Yfk Yfq \Yq gf o`a[` P=NCAP0 ak gh]f ^gj l`] k]lld]e]fl g^ hYqe]flk af ]mjg9 "IQh" e]Yfk Yfq lYp* d]nq* aehgkl* \mlq gj gl`]j [`Yj_] gj oal``gd\af_ g^ Y kaeadYj fYlmj] (af[dm\af_ Yfq h]fYdlq gj afl]j]kl hYqYZd] af [gff][lagf oal` Yfq ^Yadmj] lg hYq gj Yfq \]dYq af hYqaf_ Yfq g^ l`] kYe])9 "IUb] GQdU 8ebbU^Si" e]Yfk8 (Y) ]mjg9 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 12 (Z) Yfq [mjj]f[q kh][a^a]\ Yk km[` af Y N]^]j]f[] NYl] Omhhd]e]fl j]dYlaf_ lg l`Yl [mjj]f[q* lg l`] ]pl]fl* af Yfq [Yk]* fgl kh][a^a]\ gl`]joak] af Y kmZk]im]fl N]^]j]f[] NYl] Omhhd]e]fl9 "IUb] GQdU A_Q^" e]Yfk Yfq HgYf gj* a^ Yhhda[YZd]* QfhYa\ Ome af Y P]je NYl] ?mjj]f[q lg l`] ]pl]fl l`Yl al ak fgl* gj `Yk fgl Z][ge]* ]al`]j8 (Y) 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)9 gj (Z) Y "8_]`_e^TUT GQdU A_Q^" hmjkmYfl lg [dYmk] /. (Rate Switch)9 "IUb] GUVUbU^SU GQdU" e]Yfk* af j]dYlagf lg Y P]je NYl] HgYf8 (Y) l`] Yhhda[YZd] LjaeYjq 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 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* l`] P]je N]^]j]f[] NYl] k`Ydd Z] \]]e]\ lg Z] r]jg9 "IUb]Y^QdY_^ 9QdU" e]Yfk l`] \Yl] ^Yddaf_ ^an] q]Yjk Y^l]j l`] \Yl] g^ l`ak =_j]]e]fl9 "I_dQ\ 8_]]Yd]U^dc" e]Yfk l`] Y__j]_Yl] g^ l`] ?geeale]flk* Z]af_ $/..*...*... Yl l`] \Yl] g^ l`ak =_j]]e]fl9 "IbQ^cQSdY_^ 8_cdc" e]Yfk Ydd ^]]k* [gklk Yf\ ]ph]fk]k af[mjj]\ Zq l`] KZda_gjk af [gff][lagf oal` l`] PjYfkY[lagf @g[me]flk9 "IbQ^cQSdY_^ 9_Se]U^dc" e]Yfk l`] BafYf[] @g[me]flk* l`] Jgl] @g[me]flk Yf\ Yfq gl`]j \g[me]fl \]ka_fYl]\ Yk Y PjYfkY[lagf @g[me]fl Zq l`] =_]fl Yf\ l`] ?gehYfq9 "IbQ^cVUb 8UbdYVYSQdU" e]Yfk Y []jla^a[Yl] kmZklYflaYddq af l`] ^gje k]l gml af k[`]\md] 2 (Form of Transfer Certificate) gj Yfq gl`]j ^gje Y_j]]\ Z]lo]]f l`] =_]fl Yf\ l`] ?gehYfq9 "IbQ^cVUb 9QdU" e]Yfk* af j]dYlagf lg Yf Ykka_fe]fl gj Y ljYfk^]j* l`] dYl]j g^8 (Y) l`] hjghgk]\ PjYfk^]j @Yl] kh][a^a]\ af l`] j]d]nYfl =kka_fe]fl =_j]]e]fl gj PjYfk^]j ?]jla^a[Yl]9 Yf\ (Z) l`] \Yl] gf o`a[` l`] =_]fl ]p][ml]k l`] j]d]nYfl =kka_fe]fl =_j]]e]fl gj PjYfk^]j ?]jla^a[Yl]9 "IbUQcebi IbQ^cQSdY_^" e]Yfk Yfq \]janYlan] ljYfkY[lagf ]fl]j]\ aflg af [gff][lagf oal` hjgl][lagf Y_Yafkl gj Z]f]^al ^jge ^dm[lmYlagf af Yfq jYl] gj hja[]9 "J^`QYT He]" e]Yfk Yfq kme \m] Yf\ hYqYZd] Zml mfhYa\ Zq Yf KZda_gj mf\]j l`] BafYf[] @g[me]flk9 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 "JH6 EQdbY_d 6Sd" e]Yfk l`] Qfalaf_ Yf\ Olj]f_l`]faf_ =e]ja[Y Zq Ljgna\af_ =hhjghjaYl] Pggdk N]imaj]\ lg Efl]j[]hl Yf\ KZkljm[l P]jjgjake =[l g^ 0../* LmZda[ HYo /.5+34 g^ l`] Qfal]\ OlYl]k9 "JH gj J^YdUT HdQdUc" e]Yfk l`] Qfal]\ OlYl]k g^ =e]ja[Y9 "JH 7Q^[be`dSi AQg" e]Yfk l`] Qfal]\ OlYl]k >Yfcjmhl[q ?g\] g^ /756 gj Yfq gl`]j Qfal]\ OlYl]k ^]\]jYd gj klYl] ZYfcjmhl[q* afkgdn]f[q gj kaeadYj dYo9 "JH <eQbQ^d_b" e]Yfk Y CmYjYflgj af[gjhgjYl]\ gj ^gje]\ mf\]j l`] dYok g^* gj g^ Yfq klYl] (af[dm\af_ l`] @aklja[l g^ ?gdmeZaY) g^* l`] QO9 "JH >^c_\fU^Si AQg" e]Yfk l`] QO >Yfcjmhl[q ?g\] g^ l`] Qfal]\ OlYl]k gj Yfq gl`]j Qfal]\ OlYl]k ^]\]jYd gj klYl] ZYfcjmhl[q* afkgdn]f[q gj kaeadYj dYo9 "JH DR\YW_b" e]Yfk Yf KZda_gj af[gjhgjYl]\ gj ^gje]\ mf\]j l`] dYok g^* gj g^ Yfq klYl] (af[dm\af_ l`] @aklja[l g^ ?gdmeZaY) g^* l`] QO9 "JH IQh DR\YW_b" e]Yfk8 (Y) Y >gjjgo]j o`a[` ak j]ka\]fl ^gj lYp hmjhgk]k af l`] QO9 gj (Z) Yf KZda_gj kge] gj Ydd g^ o`gk] hYqe]flk mf\]j l`] BafYf[] @g[me]flk Yj] ^jge kgmj[]k oal`af l`] QO ^gj QO ^]\]jYd af[ge] lYp hmjhgk]k9 "JdY\YcQdY_^" e]Yfk Y mladakYlagf g^ l`] BY[adalq9 "JdY\YcQdY_^ 9QdU" e]Yfk l`] \Yl] g^ Y QladakYlagf* Z]af_ l`] \Yl] gf o`a[` Y HgYf ak lg Z] eY\]9 "JdY\YcQdY_^ GUaeUcd" e]Yfk Y fgla[] kmZklYflaYddq af l`] ^gje k]l gml af k[`]\md] 1 (Utilisation Request)9 "K6I" e]Yfk8 (Y) Yfq nYdm] Y\\]\ lYp aehgk]\ Zq l`] RYdm] =\\]\ PYp =[l /7729 (Z) Yfq lYp aehgk]\ af [gehdaYf[] oal` l`] ?gmf[ad @aj][lan] g^ 06 Jgn]eZ]j 0..4 gf l`] [geegf kqkl]e g^ nYdm] Y\\]\ lYp (A? @aj][lan] 0..4-//0)9 Yf\ ([) Yfq gl`]j lYp g^ Y kaeadYj fYlmj]* o`]l`]j aehgk]\ af l`] Qfal]\ Gaf_\ge gj af Y e]eZ]j klYl] g^ l`] Amjgh]Yf Qfagf af kmZklalmlagf ^gj* gj d]na]\ af Y\\alagf lg* km[` lYp j]^]jj]\ lg af hYjY_jYh`k (Y) gj (Z)* gj aehgk]\ ]dk]o`]j], ,)- 8_^cdbeSdY_^ (Y) Qfd]kk Y [gfljYjq af\a[Ylagf Yhh]Yjk* Yfq j]^]j]f[] af l`ak =_j]]e]fl lg8 (a) l`] "6WU^d"* l`] "6bbQ^WUb"* Yfq ";Y^Q^SU EQbdi"* Yfq "AU^TUb"* Yfq "DR\YW_b" gj Yfq "EQbdi" k`Ydd Z] [gfkljm]\ kg Yk lg af[dm\] alk km[[]kkgjk af lald]* h]jeall]\ Ykka_fk Yf\ h]jeall]\ ljYfk^]j]]k lg* gj g^* alk ja_`lk Yf\-gj gZda_Ylagfk mf\]j l`] BafYf[] @g[me]flk9 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 (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.

 

#/046.26.4n6:=?PERA< + BY[adala]k Y_j]]e]fl + Hmp^]j+ ATA?QPEKJ 4/ hYjl gfdq) g^ alk ja_`lk Yf\ gZda_Ylagfk mf\]j l`ak =_j]]e]fl lg Yf Ada_aZd] Efklalmlagf 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^ l`] 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_ HgYfk Yf\ Ydd Y[[jm]\ afl]j]kl (lg l`] ]pl]fl l`Yl l`] =_]fl `Yk fgl _an]f Y fgla^a[Ylagf mf\]j [dYmk] 04,/. (Pro rata interest settlement))* >j]Yc ?gklk Yf\ gl`]j Yegmflk hYqYZd] af j]dYlagf l`]j]lg mf\]j l`] BafYf[] @g[me]flk, (]) P`] j]hdY[]e]fl g^ Y H]f\]j hmjkmYfl lg [dYmk] 7,3(\) 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 Yfq H]f\]j k`Ydd `Yn] Yfq gZda_Ylagf lg ^af\ Y j]hdY[]e]fl H]f\]j9 (aaa) af fg ]n]fl k`Ydd l`] H]f\]j j]hdY[]\ mf\]j [dYmk] 7,3(\) 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]flk9 Yf\ (an) l`] H]f\]j k`Ydd gfdq Z] gZda_]\ lg ljYfk^]j alk ja_`lk Yf\ gZda_Ylagfk hmjkmYfl lg [dYmk] 7,3(\) gf[] al ak kYlak^a]\ l`Yl 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`Yl ljYfk^]j, (^) = H]f\]j k`Ydd h]j^gje l`] [`][ck \]k[jaZ]\ af [dYmk] 7,3(])(an) Yk kggf Yk j]YkgfYZdq hjY[la[YZd] ^gddgoaf_ \]dan]jq g^ Y fgla[] j]^]jj]\ lg af [dYmk] 7,3(\) 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, 4)1 GYWXd _V SQ^SU\\QdY_^ Y^ bU\QdY_^ d_ Q 9UVQe\dY^W AU^TUb (Y) E^ Yfq H]f\]j Z][ge]k Y @]^Ymdlaf_ H]f\]j* l`] ?gehYfq eYq* Yl Yfq lae] o`adkl l`] H]f\]j [gflafm]k lg Z] Y @]^Ymdlaf_ H]f\]j* _an] l`] =_]fl /. >mkaf]kk @Yqk' fgla[] g^ [Yf[]ddYlagf g^ ]Y[` =nYadYZd] ?geeale]fl g^ l`Yl H]f\]j, (Z) Kf l`] fgla[] j]^]jj]\ lg af [dYmk] 7,4(Y) Z][geaf_ ]^^][lan]* ]Y[` =nYadYZd] ?geeale]fl g^ l`] @]^Ymdlaf_ H]f\]j k`Ydd aee]\aYl]dq Z] j]\m[]\ lg r]jg, ([) P`] =_]fl k`Ydd Yk kggf Yk hjY[la[YZd] Y^l]j j][]ahl g^ Y fgla[] j]^]jj]\ lg af [dYmk] 7,4(Y)* fgla^q Ydd l`] H]f\]jk, 4)2 GUcdbYSdY_^c (Y) =fq fgla[] g^ [Yf[]ddYlagf gj hj]hYqe]fl _an]f Zq Yfq LYjlq mf\]j l`ak [dYmk] 7 k`Ydd Z] ajj]ng[YZd] Yf\* mfd]kk Y [gfljYjq af\a[Ylagf Yhh]Yjk af l`ak =_j]]e]fl* k`Ydd kh][a^q l`] \Yl] gj \Yl]k mhgf o`a[` l`] j]d]nYfl [Yf[]ddYlagf gj hj]hYqe]fl ak lg Z] eY\] Yf\ l`] Yegmfl g^ l`Yl [Yf[]ddYlagf gj hj]hYqe]fl, (Z) =fq hj]hYqe]fl mf\]j l`ak =_j]]e]fl k`Ydd Z] eY\] lg_]l`]j oal` Y[[jm]\ afl]j]kl gf l`] Yegmfl hj]hYa\ Yf\* kmZb][l lg Yfq >j]Yc ?gklk* oal`gml hj]eame gj h]fYdlq, 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 ([) 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.

 

#/046.26.4n6:=?PERA< + BY[adala]k Y_j]]e]fl + Hmp^]j+ ATA?QPEKJ 53 (an) l`] j]d]nYfl H]f\]j ak Y Pj]Ylq H]f\]j Yf\ l`] KZda_gj eYcaf_ l`] hYqe]fl ak YZd] lg \]egfkljYl] l`Yl l`] hYqe]fl [gmd\ `Yn] Z]]f eY\] lg l`] H]f\]j oal`gml l`] PYp @]\m[lagf `Y\ l`Yl H]f\]j [gehda]\ oal` alk gZda_Ylagfk mf\]j [dYmk] /3,0(_) gj /3,0(`) (Yk Yhhda[YZd]), (]) E^ Yf KZda_gj ak j]imaj]\ lg eYc] Y PYp @]\m[lagf* l`Yl KZda_gj k`Ydd eYc] l`Yl PYp @]\m[lagf Yf\ Yfq hYqe]fl j]imaj]\ af [gff][lagf oal` l`Yl PYp @]\m[lagf oal`af l`] lae] Yddgo]\ Yf\ af l`] eafaeme Yegmfl j]imaj]\ Zq dYo, (^) Sal`af 1. \Yqk g^ eYcaf_ ]al`]j Y PYp @]\m[lagf gj Yfq hYqe]fl j]imaj]\ af [gff][lagf oal` l`Yl PYp @]\m[lagf* l`] KZda_gj eYcaf_ l`Yl PYp @]\m[lagf k`Ydd \]dan]j lg l`] =_]fl ^gj l`] BafYf[] LYjlq ]flald]\ lg l`] hYqe]fl Y klYl]e]fl mf\]j k][lagf 753 g^ l`] EP= gj gl`]j ]na\]f[] j]YkgfYZdq kYlak^Y[lgjq lg l`Yl BafYf[] LYjlq l`Yl l`] PYp @]\m[lagf `Yk Z]]f eY\] gj (Yk Yhhda[YZd]) Yfq YhhjghjaYl] hYqe]fl hYa\ lg l`] j]d]nYfl lYpaf_ Yml`gjalq, (_) (a) OmZb][l lg [dYmk] /3,0(_)(aa)* Y Pj]Ylq H]f\]j Yf\ ]Y[` KZda_gj o`a[` eYc]k Y hYqe]fl lg o`a[` l`Yl Pj]Ylq H]f\]j ak ]flald]\ k`Ydd [g+gh]jYl] af [gehd]laf_ Yfq hjg[]\mjYd ^gjeYdala]k f][]kkYjq ^gj l`Yl KZda_gj lg gZlYaf Yml`gjakYlagf lg eYc] l`Yl hYqe]fl oal`gml Y PYp @]\m[lagf, (aa) (=) Y Pj]Ylq H]f\]j o`a[` ak Yf Kja_afYd H]f\]j Yf\ l`Yl `gd\k Y hYkkhgjl mf\]j l`] DIN? @P Pj]Ylq LYkkhgjl k[`]e]* Yf\ o`a[` oak`]k l`Yl k[`]e] lg Yhhdq lg l`ak =_j]]e]fl* k`Ydd [gf^aje alk k[`]e] j]^]j]f[] fmeZ]j Yf\ alk bmjak\a[lagf g^ lYp j]ka\]f[] ghhgkal] alk fYe] af hYjl 0 g^ k[`]\md] / (The Original Parties)9 Yf\ (>) Y Pj]Ylq H]f\]j o`a[` ak fgl Yf Kja_afYd H]f\]j Yf\ l`Yl `gd\k Y hYkkhgjl mf\]j l`] DIN? @P Pj]Ylq LYkkhgjl k[`]e]* Yf\ o`a[` oak`]k l`Yl k[`]e] lg Yhhdq lg l`ak =_j]]e]fl* k`Ydd [gf^aje alk k[`]e] j]^]j]f[] fmeZ]j Yf\ alk bmjak\a[lagf g^ lYp j]ka\]f[] af l`] \g[me]flYlagf o`a[` al ]p][ml]k gf Z][geaf_ Y LYjlq Yk Y H]f\]j* Yf\* `Ynaf_ \gf] kg* l`Yl H]f\]j k`Ydd Z] mf\]j fg gZda_Ylagf hmjkmYfl lg [dYmk] /3,0(_)(a), (`) E^ Y H]f\]j `Yk [gf^aje]\ 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) Yf\8 (a) Y >gjjgo]j eYcaf_ Y hYqe]fl lg l`Yl H]f\]j `Yk fgl eY\] Y >gjjgo]j @PPL Badaf_ af j]kh][l g^ l`Yl H]f\]j9 gj (aa) Y >gjjgo]j eYcaf_ Y hYqe]fl lg l`Yl H]f\]j `Yk eY\] Y >gjjgo]j @PPL Badaf_ af j]kh][l g^ l`Yl H]f\]j Zml8 (=) l`Yl >gjjgo]j @PPL Badaf_ `Yk Z]]f j]b][l]\ Zq DI N]n]fm] & ?mklgek9 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 (>) 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.

 

#/046.26.4n6:=?PERA< + BY[adala]k Y_j]]e]fl + Hmp^]j+ ATA?QPEKJ 55 (aa) lg l`] ]pl]fl Y dgkk* daYZadalq gj [gkl8 (=) ak [geh]fkYl]\ ^gj Zq Yf af[j]Yk]\ hYqe]fl mf\]j [dYmk] /3,0 (Tax gross-up)9 (>) ogmd\ `Yn] Z]]f [geh]fkYl]\ ^gj Zq Yf af[j]Yk]\ hYqe]fl mf\]j [dYmk] /3,0 (Tax gross-up) Zml oYk fgl kg [geh]fkYl]\ kgd]dq Z][Ymk] gf] g^ l`] ]p[dmkagfk af [dYmk] /3,0(\) Yhhda]\9 gj (?) j]dYl]k lg Y B=P?= @]\m[lagf j]imaj]\ lg Z] eY\] Zq Y LYjlq, ([) = Ljgl][l]\ LYjlq eYcaf_* gj afl]f\af_ lg eYc]* Y [dYae mf\]j [dYmk] /3,1(Y) k`Ydd hjgehldq fgla^q l`] =_]fl g^ l`] ]n]fl o`a[` oadd _an]* gj `Yk _an]f* jak] lg l`] [dYae* ^gddgoaf_ o`a[` l`] =_]fl k`Ydd fgla^q l`] ?gehYfq, (\) = Ljgl][l]\ LYjlq k`Ydd* gf j][]anaf_ Y hYqe]fl ^jge Yf KZda_gj mf\]j l`ak [dYmk] /3,1* fgla^q l`] =_]fl, ,0)/ IQh 8bUTYd E^ Yf KZda_gj eYc]k Y PYp LYqe]fl Yf\ l`] j]d]nYfl BafYf[] LYjlq \]l]jeaf]k l`Yl8 (Y) Y PYp ?j]\al ak YlljaZmlYZd] lg Yf af[j]Yk]\ hYqe]fl g^ o`a[` l`Yl PYp LYqe]fl ^gjek hYjl* lg l`Yl PYp LYqe]fl gj lg Y PYp @]\m[lagf af [gfk]im]f[] g^ o`a[` l`Yl PYp LYqe]fl oYk j]imaj]\9 Yf\ (Z) l`Yl BafYf[] LYjlq `Yk gZlYaf]\ Yf\ mladak]\ l`Yl PYp ?j]\al* l`] BafYf[] LYjlq k`Ydd hYq Yf Yegmfl lg l`] KZda_gj o`a[` l`Yl BafYf[] LYjlq \]l]jeaf]k oadd d]Yn] al (Y^l]j l`Yl hYqe]fl) af l`] kYe] Y^l]j+PYp hgkalagf Yk al ogmd\ `Yn] Z]]f af `Y\ l`] PYp LYqe]fl fgl Z]]f j]imaj]\ lg Z] eY\] Zq l`] KZda_gj, ,0)0 AU^TUb cdQdec S_^VYb]QdY_^ AY[` H]f\]j o`a[` ak fgl Yf Kja_afYd H]f\]j k`Ydd af\a[Yl]* af l`] \g[me]flYlagf o`a[` al ]p][ml]k gf Z][geaf_ Y LYjlq Yk Y H]f\]j* Yf\ ^gj l`] Z]f]^al g^ l`] =_]fl Yf\ oal`gml daYZadalq lg Yfq KZda_gj* o`a[` g^ l`] ^gddgoaf_ [Yl]_gja]k al ^Yddk af8 (Y) fgl Y MmYda^qaf_ H]f\]j9 (Z) Y MmYda^qaf_ H]f\]j (gl`]j l`Yf Y Pj]Ylq H]f\]j)9 gj ([) Y Pj]Ylq H]f\]j, E^ km[` Y H]f\]j ^Yadk lg af\a[Yl] alk klYlmk af Y[[gj\Yf[] oal` l`ak [dYmk] /3,3 l`]f l`Yl H]f\]j k`Ydd Z] lj]Yl]\ ^gj l`] hmjhgk]k g^ l`ak =_j]]e]fl (af[dm\af_ Zq ]Y[` KZda_gj) Yk a^ al ak fgl Y MmYda^qaf_ H]f\]j mflad km[` lae] Yk al fgla^a]k l`] =_]fl o`a[` [Yl]_gjq Yhhda]k (Yf\ l`] =_]fl* mhgf j][]ahl g^ km[` fgla^a[Ylagf* k`Ydd af^gje l`] ?gehYfq), Bgj l`] Ynga\Yf[] g^ \gmZl* l`] \g[me]flYlagf o`a[` Y H]f\]j ]p][ml]k gf Z][geaf_ Y LYjlq Yk Y H]f\]j k`Ydd fgl Z] afnYda\Yl]\ Zq Yfq ^Yadmj] g^ Y H]f\]j lg [gehdq oal` l`ak [dYmk] /3,3, 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 ,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.

 

#/046.26.4n6:=?PERA< + BY[adala]k Y_j]]e]fl + Hmp^]j+ ATA?QPEKJ 57 (]) Ef j]dYlagf lg Yfq kmhhdq eY\] Zq Y BafYf[] LYjlq lg Yfq LYjlq mf\]j Y BafYf[] @g[me]fl* a^ j]YkgfYZdq j]im]kl]\ Zq km[` BafYf[] LYjlq* l`Yl LYjlq emkl hjgehldq hjgna\] km[` BafYf[] LYjlq oal` \]lYadk g^ l`Yl LYjlq'k R=P j]_akljYlagf Yf\ km[` gl`]j af^gjeYlagf Yk ak j]YkgfYZdq j]im]kl]\ af [gff][lagf oal` km[` BafYf[] LYjlq'k R=P j]hgjlaf_ j]imaj]e]flk af j]dYlagf lg km[` kmhhdq, ,0)3 ;6I86 Y^V_b]QdY_^ (Y) OmZb][l lg [dYmk] /3,6([)* ]Y[` LYjlq k`Ydd* oal`af l]f >mkaf]kk @Yqk g^ Y j]YkgfYZd] j]im]kl Zq Yfgl`]j LYjlq8 (a) [gf^aje lg l`Yl gl`]j LYjlq o`]l`]j al ak8 (=) Y B=P?= Ap]ehl LYjlq9 gj (>) fgl Y B=P?= Ap]ehl LYjlq9 (aa) kmhhdq lg l`Yl gl`]j LYjlq km[` ^gjek* \g[me]flYlagf Yf\ gl`]j af^gjeYlagf j]dYlaf_ lg alk klYlmk mf\]j B=P?= Yk l`Yl gl`]j LYjlq j]YkgfYZdq j]im]klk ^gj l`] hmjhgk]k g^ l`Yl gl`]j LYjlq'k [gehdaYf[] oal` B=P?=9 Yf\ (aaa) kmhhdq lg l`Yl gl`]j LYjlq km[` ^gjek* \g[me]flYlagf Yf\ gl`]j af^gjeYlagf j]dYlaf_ lg alk klYlmk Yk l`Yl gl`]j LYjlq j]YkgfYZdq j]im]klk ^gj l`] hmjhgk]k g^ l`Yl gl`]j LYjlq'k [gehdaYf[] oal` Yfq gl`]j dYo* j]_mdYlagf* gj ]p[`Yf_] g^ af^gjeYlagf j]_ae], (Z) E^ Y LYjlq [gf^ajek lg Yfgl`]j LYjlq hmjkmYfl lg [dYmk] /3,6(Y)(a) l`Yl al ak Y B=P?= Ap]ehl LYjlq Yf\ al kmZk]im]fldq Z][ge]k YoYj] l`Yl al ak fgl gj `Yk []Yk]\ lg Z] Y B=P?= Ap]ehl LYjlq* l`Yl LYjlq k`Ydd fgla^q l`Yl gl`]j LYjlq j]YkgfYZdq hjgehldq, ([) ?dYmk] /3,6(Y) k`Ydd fgl gZda_] Yfq BafYf[] LYjlq lg \g Yfql`af_* Yf\ [dYmk] /3,6(Y)(aaa) k`Ydd fgl gZda_] Yfq gl`]j LYjlq lg \g Yfql`af_* o`a[` ogmd\ gj ea_`l af alk j]YkgfYZd] ghafagf [gfklalml] Y Zj]Y[` g^8 (a) Yfq dYo gj j]_mdYlagf9 (aa) Yfq ^a\m[aYjq \mlq9 gj (aaa) Yfq \mlq g^ [gf^a\]flaYdalq, (\) E^ Y LYjlq ^Yadk lg [gf^aje o`]l`]j gj fgl al ak Y B=P?= Ap]ehl LYjlq gj lg kmhhdq ^gjek* \g[me]flYlagf gj gl`]j af^gjeYlagf j]im]kl]\ af Y[[gj\Yf[] oal` [dYmk] /3,6(Y)(a) gj /3,6(Y)(aa) (af[dm\af_* ^gj l`] Ynga\Yf[] g^ \gmZl* o`]j] [dYmk] /3,6([) Yhhda]k)* l`]f km[` LYjlq k`Ydd Z] lj]Yl]\ ^gj l`] hmjhgk]k g^ l`] BafYf[] @g[me]flk (Yf\ hYqe]flk mf\]j l`]e) Yk a^ al ak fgl Y B=P?= Ap]ehl LYjlq mflad km[` lae] Yk l`] LYjlq af im]klagf hjgna\]k l`] j]im]kl]\ [gf^ajeYlagf* ^gjek* \g[me]flYlagf gj gl`]j af^gjeYlagf, (]) E^ Y >gjjgo]j ak Y QO PYp KZda_gj gj l`] =_]fl j]YkgfYZdq Z]da]n]k l`Yl alk gZda_Ylagfk mf\]j B=P?= gj Yfq gl`]j Yhhda[YZd] dYo gj j]_mdYlagf j]imaj] al* ]Y[` H]f\]j k`Ydd* oal`af l]f >mkaf]kk @Yqk g^8 (a) o`]j] Yf Kja_afYd >gjjgo]j ak Y QO PYp KZda_gj Yf\ l`] j]d]nYfl H]f\]j ak Yf Kja_afYd H]f\]j* l`] \Yl] 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 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.

 

#/046.26.4n6:=?PERA< + BY[adala]k Y_j]]e]fl + Hmp^]j+ ATA?QPEKJ 67 l`] KZda_gjk `]j]mf\]j9 Yfq [gddYl]jYd gj gl`]j k][mjalq ^gj Yfq gj Ydd g^ km[` gZda_Ylagfk9 l`] ]pakl]f[] gj fgf+]pakl]f[] g^ Yfq gl`]j _mYjYfl]]k g^ Ydd gj Yfq hYjl g^ km[` gZda_Ylagfk9 Yfq Y[lagf gj afY[lagf gf l`] hYjl g^ Yfq BafYf[] LYjlq gj Yfq gl`]j h]jkgf gj Zmkaf]kk9 gj Yfq gl`]j eYll]j* ^Y[l gj g[[mjj]f[] o`Ylkg]n]j, (\) Sal`gml daealaf_ Yfq hjgnakagfk g^ l`ak [dYmk] 0.* ]Y[` KZda_gj oYan]k Yf\ Y_j]]k fgl lg Ykk]jl* lg l`] ^mdd]kl ]pl]fl h]jeall]\ Zq dYo* Yfq gl`]j \]^]f[]k gj Z]f]^alk l`Yl eYq Z] \]jan]\ ^jge gj Y^^gj\]\ Zq Yhhda[YZd] QO dYo daealaf_ l`] daYZadalq g^ gj ]pgf]jYlaf_ _mYjYflgjk gj kmj]la]k* gj o`a[` eYq [gf^da[l oal` l`] l]jek g^ l`ak ?dYmk], (]) P`] CmYjYfl]]\ KZda_Ylagfk k`Ydd af[dm\]* oal`gml daealYlagf* gZda_Ylagfk o`a[`* Zml ^gj l`] YmlgeYla[ klYq mf\]j k][lagf 140(Y) g^ l`] QO >Yfcjmhl[q ?g\]* ogmd\ Z][ge] \m]* Yf\ Yfq afl]j]kl Y[[jmaf_ Y^l]j l`] [gee]f[]e]fl g^ Yfq ZYfcjmhl[q* afkgdn]f[q* j][]an]jk`ah gj kaeadYj hjg[]]\af_ Yl l`] jYl] hjgna\]\ ^gj af l`ak =_j]]e]fl* o`]l`]j gj fgl km[` afl]j]kl ak Yf Yddgo]\ [dYae af Yfq km[` hjg[]]\af_, (^) Jgloal`klYf\af_ Yfql`af_ lg l`] [gfljYjq [gflYaf]\ `]j]af gj Yfq af gl`]j BafYf[] @g[me]fl* fg CmYjYflgj k`Ydd Z] daYZd] ^gj Yfq Ap[dm\]\ OoYh KZda_Ylagf, (_) Ef Yfq Y[lagf gj hjg[]]\af_ afngdnaf_ Yfq klYl] dYo g^ l`] Qfal]\ OlYl]k Yhhda[YZd] lg Yfq QO CmYjYflgj Z][Ymk] g^ l`] ^gje g^ km[` QO CmYjYflgj'k gj_YfarYlagf* km[` Yk [gjhgjYl] dYo* daeal]\ daYZadalq [gehYfq dYo* hYjlf]jk`ah dYo gj ljmkl dYo* gj Yfq QO @]Zlgj N]da]^ HYo _]f]jYddq* a^ l`] gZda_Ylagfk g^ km[` QO CmYjYflgj mf\]j l`ak [dYmk] 0. ogmd\ gl`]joak] Z] `]d\ gj \]l]jeaf]\ lg Z] nga\* afnYda\ gj mf]f^gj[]YZd]* gj kmZgj\afYl]\ lg l`] [dYaek g^ Yfq gl`]j [j]\algjk* gf Y[[gmfl g^ l`] Yegmfl g^ km[` QO CmYjYflgj'k daYZadalq mf\]j l`ak [dYmk] 0.* l`]f* fgloal`klYf\af_ Yfq gl`]j hjgnakagf `]j]g^ lg l`] [gfljYjq* l`] Yegmfl g^ km[` daYZadalq k`Ydd* oal`gml Yfq ^mjl`]j Y[lagf Zq km[` QO CmYjYflgj* l`] KZda_gjk* l`] BafYf[] LYjla]k gj Yfq gl`]j h]jkgf* Z] YmlgeYla[Yddq daeal]\ Yf\ j]\m[]\ lg l`] `a_`]kl Yegmfl l`Yl ak nYda\ Yf\ ]f^gj[]YZd] Yf\ fgl kmZgj\afYl]\ lg l`] [dYaek g^ gl`]j [j]\algjk af km[` Y[lagf gj hjg[]]\af_, (`) AY[` MmYda^a]\ A?L CmYjYflgj `]j]Zq bgafldq Yf\ k]n]jYddq* YZkgdml]dq* mf[gf\alagfYddq Yf\ ajj]ng[YZdq mf\]jlYc]k lg hjgna\] km[` ^mf\k Yf\ gl`]j kmhhgjl Yk eYq Z] f]]\]\ ^jge lae] lg lae] Zq ]Y[` gl`]j KZda_gj lg `gfgmj Ydd g^ alk gZda_Ylagfk mf\]j l`ak =_j]]e]fl Yf\ l`] gl`]j BafYf[] @g[me]flk af j]kh][l g^ OoYh KZda_Ylagfk (hjgna\]\* `go]n]j* l`Yl ]Y[` MmYda^a]\ A?L CmYjYflgj k`Ydd gfdq Z] daYZd] mf\]j l`ak [dYmk] 0.,//(`) ^gj l`] eYpaeme Yegmfl g^ km[` daYZadalq l`Yl [Yf Z] `]j]Zq af[mjj]\ oal`gml j]f\]jaf_ alk gZda_Ylagfk mf\]j l`ak [dYmk] 0.,//(`)* gj gl`]joak] mf\]j l`ak =_j]]e]fl gj Yfq gl`]j BafYf[] @g[me]fl* nga\YZd] mf\]j Yfq QO @]Zlgj N]da]^ HYok Yf\ fgl ^gj Yfq _j]Yl]j Yegmfl), AY[` MmYda^a]\ A?L CmYjYflgj afl]f\k l`Yl l`ak [dYmk] 0.,//(`) [gfklalml]* Yf\ l`ak [dYmk] 0/(`) k`Ydd Z] \]]e]\ lg [gfklalml]* Y "c]]ho]dd* kmhhgjl gj gl`]j Y_j]]e]fl" ^gj l`] Z]f]^al g^ ]Y[` gl`]j KZda_gj Yf\ BafYf[] LYjla]k ^gj Ydd hmjhgk]k g^ O][lagf /Y(/6)(=)(n)(EE) g^ l`] ?A=, OmZb][l lg [dYmk] 0.,1* l`] gZda_Ylagfk g^ ]Y[` MmYda^a]\ A?L CmYjYflgj mf\]j l`ak [dYmk] 0.,//(`) k`Ydd j]eYaf af ^mdd ^gj[] Yf\ ]^^][l mflad Ydd g^ l`] gZda_Ylagfk mf\]j l`] BafYf[] @g[me]flk k`Ydd `Yn] Z]]f hYa\ af ^mdd af [Yk` Yf\ l`] ?geeale]flk l]jeafYl]\, -+),- 6TTYdY_^Q\ cUSebYdi P`ak _mYjYfl]] ak af Y\\alagf lg Yf\ ak fgl af Yfq oYq hj]bm\a[]\ Zq Yfq gl`]j _mYjYfl]] gj k][mjalq fgo gj kmZk]im]fldq `]d\ Zq Yfq 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 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.

 

#/046.26.4n6:=?PERA< + BY[adala]k Y_j]]e]fl + Hmp^]j+ ATA?QPEKJ 73 l`] ?g\])* ]p[]hl ^gj km[` afklYf[]k g^ fgf[gehdaYf[] Yk `Yn] fgl j]kmdl]\ af Yf\ [gmd\ fgl* af\ana\mYddq gj af l`] Y__j]_Yl]* j]YkgfYZdq Z] ]ph][l]\ lg j]kmdl af Y IYl]jaYd =\n]jk] A^^][l, AY[` LdYf l`Yl ak afl]f\]\ lg Z] imYda^a]\ mf\]j O][lagf 2./(Y) g^ l`] ?g\] Yk [mjj]fldq af ]^^][l ak kg imYda^a]\* Yf\ ]Y[` ljmkl j]dYl]\ lg Yfq km[` LdYf afl]f\]\ lg Z] ]p]ehl ^jge ^]\]jYd af[ge] lYp mf\]j O][lagf 3./(Y) g^ l`] ?g\] Yk [mjj]fldq af ]^^][l ak kg ]p]ehl* Yf\ fg ]n]fl `Yk lYc]f hdY[] o`a[` [gmd\ j]YkgfYZdq Z] ]ph][l]\ lg [Ymk] l`] dgkk g^ km[` imYda^a]\ gj ]p]ehl klYlmk, Jg KZda_gj fgj Yfq ANEO= =^^adaYl] l`]j]g^ `Yk af[mjj]\ Yfq daYZadalq hmjkmYfl lg Pald] E gj ER g^ ANEO= gj l`] h]fYdlq gj ]p[ak] lYp hjgnakagfk g^ l`] Efl]jfYd N]n]fm] ?g\] j]dYlaf_ lg ]ehdgq]] Z]f]^al hdYfk (Yk \]^af]\ af O][lagf 1 g^ ANEO=)* Yf\ fg ]n]fl* ljYfkY[lagf gj [gf\alagf `Yk g[[mjj]\ gj ]paklk l`Yl [gmd\* af\ana\mYddq gj af l`] Y__j]_Yl]* j]YkgfYZdq Z] ]ph][l]\ lg j]kmdl af l`] af[mjj]f[] g^ Yfq km[` daYZadalq Zq Yfq KZda_gj gj Yfq ANEO= =^^adaYl] l`]j]g^* gj af l`] aehgkalagf g^ Yfq O][mjalq gf Yfq g^ l`] ja_`lk* hjgh]jla]k gj Ykk]lk g^ Yfq KZda_gj gj Yfq ANEO= =^^adaYl] l`]j]g^* af ]al`]j [Yk] hmjkmYfl lg Pald] E gj ER g^ ANEO= gj lg k][lagf 21.(c) g^ l`] Efl]jfYd N]n]fm] ?g\] gj lg Yfq km[` h]fYdlq gj ]p[ak] lYp hjgnakagfk mf\]j l`] Efl]jfYd N]n]fm] ?g\] gj ^]\]jYd dYo gj k][lagf 2.46 g^ ANEO= gj Zq l`] _jYflaf_ g^ Y k][mjalq afl]j]kl af [gff][lagf oal` l`] Ye]f\e]fl g^ Y LdYf* gl`]j l`Yf km[` daYZadala]k gj O][mjalq Yk ogmd\ fgl Z] af\ana\mYddq gj af l`] Y__j]_Yl] IYl]jaYd, (Z) P`] hj]k]fl nYdm] g^ l`] Y__j]_Yl] Z]f]^al daYZadala]k mf\]j ]Y[` g^ l`] LdYfk (gl`]j l`Yf Imdla]ehdgq]j LdYfk)* \]l]jeaf]\ Yk g^ l`] ]f\ g^ km[` LdYfyk egkl j][]fldq ]f\]\ hdYf q]Yj gf l`] ZYkak g^ l`] Y[lmYjaYd Ykkmehlagfk kh][a^a]\ ^gj ^mf\af_ hmjhgk]k af km[` LdYfyk egkl j][]fl Y[lmYjaYd nYdmYlagf j]hgjl* \a\ fgl ]p[]]\ l`] Y__j]_Yl] [mjj]fl nYdm] g^ l`] Ykk]lk g^ km[` LdYf Yddg[YZd] lg km[` Z]f]^al daYZadala]k Zq egj] l`Yf QO$4*...*... af l`] Y__j]_Yl] ^gj Ydd LdYfk, P`] l]je wZ]f]^al daYZadala]kx `Yk l`] e]Yfaf_ kh][a^a]\ af k][lagf 2../ g^ ANEO= Yf\ l`] l]jek w[mjj]fl nYdm]x Yf\ whj]k]fl nYdm]x `Yn] l`] e]Yfaf_ kh][a^a]\ af O][lagf 1 g^ ANEO=, ([) Jg KZda_gj fgj Yfq g^ l`]aj ANEO= =^^adaYl]k `Yk af[mjj]\ oal`\jYoYd daYZadala]k (Yf\ Yj] fgl kmZb][l lg [gflaf_]fl oal`\jYoYd daYZadala]k) mf\]j k][lagf 20./ gj 20.2 g^ ANEO= af j]kh][l g^ Imdla]ehdgq]j LdYfk l`Yl j]eYaf gmlklYf\af_ Yf\ af\ana\mYddq gj af l`] Y__j]_Yl] Yj] IYl]jaYd, (\) P`] ]ph][l]\ hgklj]laj]e]fl Z]f]^al gZda_Ylagf (\]l]jeaf]\ Yk g^ l`] dYkl \Yq g^ l`] ?gehYfqyk egkl j][]fldq ]f\]\ ^ak[Yd q]Yj af Y[[gj\Yf[] oal` BafYf[aYd =[[gmflaf_ OlYf\Yj\k >gYj\ =[[gmflaf_ OlYf\Yj\k ?g\a^a[Ylagf Pgha[ 5/3+4.* oal`gml j]_Yj\ lg daYZadala]k YlljaZmlYZd] lg [gflafmYlagf [gn]jY_] eYf\Yl]\ Zq k][lagf 276.> g^ l`] Efl]jfYd N]n]fm] ?g\]) g^ l`] ?gehYfq Yf\ alk OmZka\aYja]k ak fgl IYl]jaYd, (]) J]al`]j l`] ]p][mlagf fgj \]dan]jq g^ l`ak =_j]]e]fl fgj l`] [gehd]lagf g^ l`] ljYfkY[lagfk [gfl]ehdYl]\ `]j]mf\]j oadd j]kmdl 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=, (^) Jg ANEO= An]fl `Yk g[[mjj]\ gj ak j]YkgfYZdq dac]dq lg g[[mj ]p[]hl Yk ogmd\ fgl j]YkgfYZdq Z] ]ph][l]\ lg `Yn]* ]al`]j af\ana\mYddq gj af l`] Y__j]_Yl]* Y IYl]jaYd =\n]jk] A^^][l, -,)-/ JH ;YcSQ\ GUWe\QdY_^c (Y) J]al`]j al fgj Yfq g^ alk OmZka\aYja]k ak gj ak j]imaj]\ lg Z] j]_akl]j]\ Yk Yf "afn]kle]fl [gehYfq" mf\]j l`] QO Efn]kle]fl ?gehYfq =[l g^ /72. gj kmZb][l lg j]_mdYlagf mf\]j Yfq gl`]j QO ^]\]jYd gj klYl] klYlml] gj j]_mdYlagf o`a[` eYq daeal 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 alk gj l`]aj YZadalq lg af[mj BafYf[aYd Ef\]Zl]\f]kk gj o`a[` eYq gl`]joak] j]f\]j Ydd gj Yfq hgjlagf g^ l`] gZda_Ylagfk g^ l`] KZda_gjk mf\]j l`] BafYf[] @g[me]flk mf]f^gj[]YZd], (Z) El ak fgl ]f_Y_]\ af l`] Zmkaf]kk g^ ]pl]f\af_ [j]\al ^gj l`] hmjhgk] g^ hmj[`Ykaf_ gj [Yjjqaf_ eYj_af klg[c (oal`af l`] e]Yfaf_ g^ QO N]_mdYlagf Q g^ l`] BN>) Yk af ]^^][l ^jge lae] lg lae], J]al`]j l`] eYcaf_ g^ Yfq QladakYlagf fgj l`] mk] g^ l`] hjg[]]\k g^ al oadd nagdYl] gj Z] af[gfkakl]fl oal` l`] hjgnakagfk g^ QO N]_mdYlagf P* Q gj T g^ l`] BN> Yk af ]^^][l ^jge lae] lg lae], -,)-0 H_\fU^Si =^l]j Yf\ _anaf_ ]^^][l lg l`] af[mjj]f[] g^ Yfq KZda_gj'k gZda_Ylagfk mf\]j l`ak =_j]]e]fl Yf\ l`] gl`]j BafYf[] @g[me]flk km[` KZda_gj ak Ogdn]fl, =\\alagfYddq* fg ljYfk^]j g^ hjgh]jlq ak Z]af_ eY\] Zq Yfq KZda_gj Yf\ fg gZda_Ylagf ak Z]af_ af[mjj]\ Zq Yfq KZda_gj af j]dYlagf lg l`] ljYfkY[lagfk [gfl]ehdYl]\ Zq l`ak =_j]]e]fl gj l`] gl`]j BafYf[] @g[me]flk oal` l`] afl]fl lg `af\]j* \]dYq* gj \]^jYm\ ]al`]j hj]k]fl gj ^mlmj] [j]\algjk g^ km[` KZda_gj gj gl`]j h]jkgfk lg o`a[` km[` KZda_gj ak gj oadd Z][ge] af\]Zl]\, -,)-1 GU`UdYdY_^ P`] N]h]Ylaf_ N]hj]k]flYlagfk Yj] \]]e]\ lg Z] eY\] Zq ]Y[` KZda_gj Zq j]^]j]f[] lg l`] ^Y[lk Yf\ [aj[meklYf[]k l`]f ]paklaf_ gf8 (Y) l`] \Yl] g^ ]Y[` QladakYlagf N]im]kl Yf\ l`] ^ajkl \Yq g^ ]Y[` Efl]j]kl L]jag\9 Yf\ (Z) af l`] [Yk] g^ Yf =\\alagfYd KZda_gj* l`] \Yq gf o`a[` l`] [gehYfq Z][ge]k (gj al ak hjghgk]\ l`Yl l`] [gehYfq Z][ge]k) Yf =\\alagfYd KZda_gj, --) >C;DGB6I>DC JC9:GI6@>C<H P`] mf\]jlYcaf_k af l`ak [dYmk] 00 j]eYaf af ^gj[] ^jge l`] \Yl] g^ l`ak =_j]]e]fl ^gj kg dgf_ Yk Yfq Yegmfl ak gmlklYf\af_ mf\]j l`] BafYf[] @g[me]flk gj Yfq ?geeale]fl ak af ^gj[], --), ;Y^Q^SYQ\ cdQdU]U^dc P`] ?gehYfq k`Ydd kmhhdq lg l`] =_]fl af km^^a[a]fl [gha]k ^gj Ydd l`] H]f\]jk8 (Y) Yk kggf Yk l`] kYe] Z][ge] YnYadYZd]* Zml af Yfq ]n]fl oal`af /6. \Yqk Y^l]j l`] ]f\ g^ ]Y[` g^ alk BafYf[aYd U]Yjk8 (a) alk [gfkgda\Yl]\ ^afYf[aYd klYl]e]flk ^gj l`Yl BafYf[aYd U]Yj9 Yf\ (aa) a^ j]im]kl]\ Zq Yfq H]f\]j (naY l`] =_]fl)* l`] ^afYf[aYd klYl]e]flk g^ ]Y[` gl`]j KZda_gj ^gj l`Yl BafYf[aYd U]Yj (Ym\al]\ lg l`] ]pl]fl j]imaj]\ Zq dg[Yd dYo)* (l`] "6^^eQ\ ;Y^Q^SYQ\ HdQdU]U^dc")9 Yf\ (Z) Yk kggf Yk l`] kYe] Z][ge] YnYadYZd]* Zml af Yfq ]n]fl oal`af8 (a) kmZb][l lg [dYmk] 00,/(Z)(aa)* 23 \Yqk Y^l]j l`] ]f\ g^ ]Y[` BafYf[aYd MmYjl]j9 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 75 (aa) af j]kh][l g^ ]Y[` BafYf[aYd MmYjl]j l`Yl [gaf[a\]k oal` l`] ]f\ g^ Y BafYf[aYd U]Yj* 53 \Yqk Y^l]j l`] ]f\ g^ l`Yl BafYf[aYd MmYjl]j* alk [gfkgda\Yl]\ ^afYf[aYd klYl]e]flk ^gj l`Yl BafYf[aYd MmYjl]j (l`] "FeQbdUb\i ;Y^Q^SYQ\ HdQdU]U^dc"), --)- 8_]`\YQ^SU 8UbdYVYSQdU (Y) P`] ?gehYfq k`Ydd kmhhdq lg l`] =_]fl* oal` ]Y[` k]l g^ ^afYf[aYd klYl]e]flk \]dan]j]\ hmjkmYfl lg [dYmk]k 00,/(Y)(a) gj 00,/(Z)* Y ?gehdaYf[] ?]jla^a[Yl] k]llaf_ gml (af j]YkgfYZd] \]lYad)8 (a) [gehmlYlagfk Yk lg [gehdaYf[] oal` [dYmk] 01 (Financial covenants) Yk Yl l`] \Yl] Yk Yl o`a[` l`gk] ^afYf[aYd klYl]e]flk o]j] \jYof mh9 (aa) l`] Yhhda[YZd] IYj_af9 Yf\ (aaa) (af j]kh][l g^ l`] =ffmYd BafYf[aYd OlYl]e]flk gfdq) [gf^ajeYlagf Yk lg IYl]jaYd ?gehYfa]k, (Z) AY[` ?gehdaYf[] ?]jla^a[Yl] k`Ydd Z] ka_f]\ Zq Y \aj][lgj* [`a]^ ^afYf[aYd g^^a[]j gj Y ^afYf[aYd [gfljgdd]j g^ l`] ?gehYfq, --). GUaeYbU]U^dc Qc d_ VY^Q^SYQ\ cdQdU]U^dc (Y) AY[` k]l g^ ^afYf[aYd klYl]e]flk \]dan]j]\ Zq l`] ?gehYfq hmjkmYfl lg [dYmk] 00,/ (Financial statements) k`Ydd Z] []jla^a]\ Zq Y \aj][lgj g^ l`] j]d]nYfl [gehYfq Yk ^Yajdq hj]k]flaf_ alk ^afYf[aYd [gf\alagf Yk Yl l`] \Yl] Yk Yl o`a[` l`gk] ^afYf[aYd klYl]e]flk o]j] \jYof mh, (Z) P`] ?gehYfq k`Ydd hjg[mj] l`Yl ]Y[` k]l g^ ^afYf[aYd klYl]e]flk g^ Yf KZda_gj \]dan]j]\ hmjkmYfl lg [dYmk] 00,/ (Financial statements) ak hj]hYj]\ mkaf_ l`] =[[gmflaf_ Ljaf[ahd]k* Y[[gmflaf_ hjY[la[]k Yf\ ^afYf[aYd j]^]j]f[] h]jag\k [gfkakl]fl oal` l`gk] Yhhda]\ af l`] hj]hYjYlagf g^ l`] Kja_afYd BafYf[aYd OlYl]e]flk ^gj l`Yl KZda_gj mfd]kk* af j]dYlagf lg Yfq k]l g^ ^afYf[aYd klYl]e]flk* al fgla^a]k l`] =_]fl l`Yl l`]j] `Yk Z]]f Y [`Yf_] af l`] =[[gmflaf_ Ljaf[ahd]k* l`] Y[[gmflaf_ hjY[la[]k gj j]^]j]f[] h]jag\k Yf\ alk Ym\algjk (gj* a^ YhhjghjaYl]* l`] Ym\algjk g^ l`] KZda_gj) \]dan]j lg l`] =_]fl8 (a) Y \]k[jahlagf g^ Yfq [`Yf_] f][]kkYjq ^gj l`gk] ^afYf[aYd klYl]e]flk lg j]^d][l l`] =[[gmflaf_ Ljaf[ahd]k* Y[[gmflaf_ hjY[la[]k Yf\ j]^]j]f[] h]jag\k mhgf o`a[` l`Yl KZda_gj'k Kja_afYd BafYf[aYd OlYl]e]flk o]j] hj]hYj]\9 Yf\ (aa) km^^a[a]fl af^gjeYlagf* af ^gje Yf\ kmZklYf[] Yk eYq Z] j]YkgfYZdq j]imaj]\ Zq l`] =_]fl* lg ]fYZd] l`] H]f\]jk lg \]l]jeaf] o`]l`]j [dYmk] 01 (Financial covenants) `Yk Z]]f [gehda]\ oal` Yf\ eYc] Yf Y[[mjYl] [gehYjakgf Z]lo]]f l`] ^afYf[aYd hgkalagf af\a[Yl]\ af l`gk] ^afYf[aYd klYl]e]flk Yf\ l`Yl KZda_gj'k Kja_afYd BafYf[aYd OlYl]e]flk, =fq j]^]j]f[] af l`ak =_j]]e]fl lg l`gk] ^afYf[aYd klYl]e]flk k`Ydd Z] [gfkljm]\ Yk Y j]^]j]f[] lg l`gk] ^afYf[aYd klYl]e]flk Yk Y\bmkl]\ lg j]^d][l l`] ZYkak mhgf o`a[` l`] Kja_afYd BafYf[aYd OlYl]e]flk o]j] hj]hYj]\, 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 --)/ >^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.

 

#/046.26.4n6:=?PERA< + BY[adala]k Y_j]]e]fl + Hmp^]j+ ATA?QPEKJ /./ (^) Z]^gj] lYcaf_ aflg Y[[gmfl Yfq mfj]Ydak]\ _Yafk gj dgkk]k gf Yfq \]janYlan] afkljme]fl (gl`]j l`Yf Yfq \]janYlan] afkljme]fl o`a[` ak Y[[gmfl]\ ^gj gf Y `]\_] Y[[gmflaf_ ZYkak)9 (_) ]p[dm\af_ Yfq hjg^al gj dgkk Yjakaf_ ^jge l`] \akhgkYd g^ ^ap]\ Ykk]lk9 Yf\ (`) Y\\af_ ZY[c Yfq Yegmfl YlljaZmlYZd] lg fgf [Yk` ZYk]\ [`Yj_]k Yf\ YegjlakYlagf [gklk Ykkg[aYl]\ oal` ]imalq klg[c ZYk]\ [geh]fkYlagf k[`]e]k ^gj l`Yl N]d]nYfl L]jag\* af ]Y[` [Yk] lg l`] ]pl]fl Y\\]\* \]\m[l]\ gj lYc]f aflg Y[[gmfl* Yk l`] [Yk] eYq Z]* ^gj l`] hmjhgk]k g^ \]l]jeafaf_ gh]jYlaf_ hjg^alk g^ l`] Cjgmh Z]^gj] lYpYlagf9 ":7>I96" e]Yfk af j]kh][l g^ Yfq N]d]nYfl L]jag\* A>EP ^gj l`Yl N]d]nYfl L]jag\ Y^l]j Y\\af_ ZY[c Yfq Yegmfl YlljaZmlYZd] lg l`] \]hj][aYlagf* aehYaje]fl gj YegjlakYlagf g^ Ykk]lk g^ e]eZ]jk g^ l`] Cjgmh* gj lg l`] aehYaje]fl g^ e]eZ]jk g^ l`] Cjgmh ^gj l`Yl N]d]nYfl L]jag\9 ":hSU`dY_^Q\ >dU]c" e]Yfk Yfq ]p[]hlagfYd* gf] g^^ gj fgf j][mjjaf_ al]ek o`a[` j]hj]k]fl _Yafk gj dgkk]k af[dm\af_ (oal`gml daealYlagf) l`gk] Yjakaf_ gf8 (Y) l`] j]kljm[lmjaf_ g^ l`] Y[lanala]k g^ Yf ]flalq* af[dm\af_ l`] Ykkg[aYl]\ j]\mf\Yf[q hjg_jYee] [gklk Yf\ j]n]jkYdk g^ Yfq hjgnakagfk ^gj l`] [gkl g^ j]kljm[lmjaf_9 (Z) \akhgkYdk* j]nYdmYlagfk gj aehYaje]fl g^ fgf [mjj]fl Ykk]lk9 ([) \akhgkYdk g^ Ykk]lk Ykkg[aYl]\ oal` \ak[gflafm]\ gh]jYlagfk Yf\ Y[imakalagf [gklk af j]dYlagf lg l`] Y[imakalagf g^ f]o gh]jYlagfk9 (\) ]fnajgfe]flYd j]e]\aYlagf [gklk Yf\ hjgnakagfk + fgl af l`] gj\afYjq [gmjk] g^ Zmkaf]kk9 (]) gf] g^^ _Yafk Yf\ dgkk]k j][g_fak]\ gf l`] ]Yjdq l]jeafYlagf* [mjlYade]fl gj [`Yf_] af ]ehdgq]] j]laj]e]fl \]^af]\ Z]f]^alk9 Yf\ (^) \akhgkYd g^ Y Zmkaf]kk gh]jYlagf o`]j]Zq l`ak ak fgl [dYkka^a]\ Yk Y \ak[gflafm]\ gh]jYlagf ^gj Y[[gmflaf_ hmjhgk]k9 ";Y^Q^SU 8XQbWUc" e]Yfk ^gj Yfq N]d]nYfl L]jag\ l`] Y__j]_Yl] Yegmfl g^ l`] Y[[jm]\ afl]j]kl* [geeakkagf* ^]]k* \ak[gmflk* hj]hYqe]fl ^]]k* hj]eamek gj [`Yj_]k Yf\ gl`]j ^afYf[] hYqe]flk af j]kh][l g^ BafYf[aYd Ef\]Zl]\f]kk 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\8 (Y) ]p[dm\af_ Yfq mh^jgfl ^]]k gj [gklk9 (Z) af[dm\af_ l`] afl]j]kl (Zml fgl l`] [YhalYd) ]d]e]fl g^ hYqe]flk af j]kh][l g^ BafYf[] H]Yk]k9 ([) af[dm\af_ Yfq [geeakkagf* ^]]k* \ak[gmflk Yf\ gl`]j ^afYf[] hYqe]flk hYqYZd] Zq (Yf\ \]\m[laf_ Yfq km[` Yegmflk hYqYZd] lg) Yfq e]eZ]j g^ l`] Cjgmh mf\]j Yfq afl]j]kl jYl] `]\_af_ YjjYf_]e]fl9 (\) lYcaf_ fg Y[[gmfl g^ Yfq mfj]Ydak]\ _Yafk gj dgkk]k gf Yfq ^afYf[aYd afkljme]flk gl`]j l`Yf Yfq \]janYlan] afn]kle]flk o`a[` Yj] Y[[gmfl]\ ^gj gf Y `]\_] Y[[gmflaf_ ZYkak9 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 (]) ]p[dm\af_ Yfq PjYfkY[lagf ?gklk9 Yf\ (^) ]p[dm\af_ Yfq afl]j]kl [gkl gj ]ph][l]\ j]lmjf gf hdYf Ykk]lk af j]dYlagf lg Yfq hgkl+ ]ehdgqe]fl Z]f]^al k[`]e]k* kg l`Yl fg Yegmfl k`Ydd Z] Y\\]\ (gj \]\m[l]\) egj] l`Yf gf[]9 ";Y^Q^SU AUQcU" e]Yfk Yfq d]Yk] gj `aj] hmj[`Yk] [gfljY[l* Y daYZadalq mf\]j o`a[` ogmd\* af Y[[gj\Yf[] oal` l`] =[[gmflaf_ Ljaf[ahd]k* Z] lj]Yl]\ Yk Y ZYdYf[] k`]]l daYZadalq (gl`]j l`Yf Y d]Yk] gj `aj] hmj[`Yk] [gfljY[l o`a[` ogmd\* af Y[[gj\Yf[] oal` l`] =[[gmflaf_ Ljaf[ahd]k af ^gj[] hjagj lg / FYfmYjq 0./7* `Yn] Z]]f lj]Yl]\ Yk Yf gh]jYlaf_ d]Yk]), ";Y^Q^SYQ\ FeQbdUb" e]Yfk Y l`ajl]]f o]]c h]jag\ ]f\af_ gf gj YZgml 1/ IYj[`* 1. Fmf]* 1. O]hl]eZ]j gj 1/ @][]eZ]j af Yfq BafYf[aYd U]Yj9 ">^dUbUcd 8_fUb" e]Yfk l`] jYlag g^ A>EP@= lg J]l BafYf[] ?`Yj_]k af j]kh][l g^ Yfq N]d]nYfl L]jag\9 "AUfUbQWU" e]Yfk af j]kh][l g^ Yfq N]d]nYfl L]jag\ l`] jYlag g^ PglYd J]l @]Zl gf l`] dYkl \Yq g^ l`Yl N]d]nYfl L]jag\ lg ?gfkgda\Yl]\ A>EP@= af j]kh][l g^ l`Yl N]d]nYfl L]jag\9 "CUd ;Y^Q^SU 8XQbWUc" e]Yfk* ^gj Yfq N]d]nYfl L]jag\* l`] BafYf[] ?`Yj_]k ^gj l`Yl N]d]nYfl L]jag\ Y^l]j \]\m[laf_ Yfq afl]j]kl hYqYZd] af l`Yl N]d]nYfl L]jag\ lg Yfq e]eZ]j g^ l`] Cjgmh gf Yfq ?Yk` gj ?Yk` AimanYd]fl afn]kle]fl9 "C_^ <b_e` :^dYdi" e]Yfk Yfq afn]kle]fl gj ]flalq (o`a[` ak fgl alk]d^ Y e]eZ]j g^ l`] Cjgmh) (af[dm\af_ Ykkg[aYl]k) af o`a[` Yfq e]eZ]j g^ l`] Cjgmh `Yk Yf gof]jk`ah afl]j]kl9 "GU\UfQ^d EUbY_T" e]Yfk af j]kh][l g^ H]n]jY_] Yf\ Efl]j]kl ?gn]j ]Y[` h]jag\ g^ /0 ljY\af_ h]jag\k ]f\af_ gf l`] dYkl \Yq g^ l`] BafYf[aYd U]Yj Yf\ ]Y[` h]jag\ g^ /0 ljY\af_ h]jag\k ]f\af_ gf l`] dYkl \Yq g^ ]Y[` BafYf[aYd MmYjl]j9 "I_dQ\ 9URd" e]Yfk Yl Yfq lae] l`] Y__j]_Yl] Yegmfl g^ Ydd gZda_Ylagfk g^ e]eZ]jk g^ l`] Cjgmh ^gj gj af j]kh][l g^ BafYf[aYd Ef\]Zl]\f]kk Yl l`Yl lae] Zml8 (Y) ]p[dm\af_ Yfq km[` gZda_Ylagfk lg Yfq gl`]j e]eZ]j g^ l`] Cjgmh9 (Z) af[dm\af_ af l`] [Yk] g^ BafYf[] H]Yk]k gfdq l`]aj [YhalYdak]\ nYdm]9 ([) ]p[dm\af_ mfj]Ydak]\ _Yafk Yf\ dgkk]k gf Pj]Ykmjq PjYfkY[lagfk (af[dm\af_ [mjj]f[q ]p[`Yf_] _Yafk Yf\ dgkk]k)9 Yf\ (\) ]p[dm\af_ Yfq gZda_Ylagfk af j]kh][l g^ h]j^gjeYf[] Zgf\k akkm]\ af l`] gj\afYjq [gmjk] g^ ljY\af_ af j]kh][l g^ fgf ^afYf[aYd gZda_Ylagfk lg l`] ]pl]fl km[` h]j^gjeYf[] Zgf\k Yj] fgl [Ydd]\ gj ]f^gj[]\* Yf\ kg l`Yl fg Yegmfl k`Ydd Z] af[dm\]\ gj ]p[dm\]\ egj] l`Yf gf[]9 "I_dQ\ CUd 9URd" e]Yfk* Yl Yfq lae]* oal`gml \mhda[Ylagf* l`] Y__j]_Yl] hjaf[ahYd Yegmfl g^ Ydd PglYd @]Zl g^ l`] Cjgmh Yl km[` lae]* Yk \]l]jeaf]\ gf Y [gfkgda\Yl]\ ZYkak af Y[[gj\Yf[] oal` l`] =[[gmflaf_ Ljaf[ahd]k* eafmk l`] kme g^8 (Y) Ydd ?Yk` `]d\ ^gj l`] Y[[gmfl g^ l`] Cjgmh Yl km[` lae] l`Yl ogmd\ Z] j]^d][l]\ Yk "[Yk` Yl ZYfc gj af `Yf\" af l`] ZYdYf[] k`]]l g^ l`] ?gehYfq9 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 /.1 (Z) l`] Y__j]_Yl] Yegmfl g^ ?Yk` AimanYd]fl Efn]kle]flk `]d\ Zq e]eZ]jk g^ l`] Cjgmh Yl km[` lae] (]p[dm\af_ ?Yk` AimanYd]fl Efn]kle]flk k][mjaf_ gZda_Ylagfk gl`]j l`Yf BafYf[aYd Ef\]Zl]\f]kk g^ l`] Cjgmh), -.)- ;Y^Q^SYQ\ 8_^TYdY_^ P`] ?gehYfq k`Ydd ]fkmj] l`Yl8 (Y) Interest Cover af j]kh][l g^ Yfq N]d]nYfl L]jag\ k`Ydd fgl Z] d]kk l`Yf 2,.8/, (Z) Leverage af j]kh][l g^ Yfq N]d]nYfl L]jag\ k`Ydd fgl ]p[]]\ 1,.8/, -.). ;Y^Q^SYQ\ dUcdY^W (Y) P`] ^afYf[aYd [gn]fYflk k]l gml af [dYmk] 01,0 (Financial Condition) k`Ydd Z] [Yd[mdYl]\ af Y[[gj\Yf[] oal` l`] =[[gmflaf_ Ljaf[ahd]k Yf\ l]kl]\ Zq j]^]j]f[] lg8 (a) l`] =ffmYd BafYf[aYd OlYl]e]flk9 Yf\ (aa) l`] MmYjl]jdq BafYf[aYd OlYl]e]flk ^gj l`] N]d]nYfl L]jag\, (Z) E^ af j]kh][l g^ Yfq h]jag\ l`]j] ak Y \ak[j]hYf[q Z]lo]]f l`] af^gjeYlagf k]l gml af l`] MmYjl]jdq BafYf[aYd OlYl]e]flk ^gj km[` h]jag\ Yf\ l`Yl k]l gml af l`] =ffmYd BafYf[aYd OlYl]e]flk ^gj km[` h]jag\* l`] af^gjeYlagf af l`] =ffmYd BafYf[aYd OlYl]e]flk k`Ydd hj]nYad, ([) Ef j]kh][l g^ Yfq N]d]nYfl L]jag\* l`] ]p[`Yf_] jYl] mk]\ lg [Yd[mdYl] PglYd J]l @]Zl k`Ydd Z] l`] =n]jY_] Ap[`Yf_] NYl] ^gj l`Yl N]d]nYfl L]jag\, -/) <:C:G6A JC9:GI6@>C<H P`] mf\]jlYcaf_k af l`ak [dYmk] 02 j]eYaf af ^gj[] ^jge l`] \Yl] g^ l`ak =_j]]e]fl ^gj kg dgf_ Yk Yfq Yegmfl ak gmlklYf\af_ mf\]j l`] BafYf[] @g[me]flk gj Yfq ?geeale]fl ak af ^gj[], -/), 6edX_bYcQdY_^c AY[` KZda_gj k`Ydd hjgehldq8 (Y) gZlYaf* [gehdq oal` Yf\ \g Ydd l`Yl ak f][]kkYjq lg eYaflYaf af ^mdd ^gj[] Yf\ ]^^][l9 Yf\ (Z) kmhhdq []jla^a]\ [gha]k lg l`] =_]fl g^* Yfq =ml`gjakYlagf j]imaj]\ mf\]j Yfq dYo gj j]_mdYlagf g^ alk bmjak\a[lagf g^ af[gjhgjYlagf lg ]fYZd] al lg h]j^gje alk gZda_Ylagfk mf\]j l`] BafYf[] @g[me]flk Yf\ lg ]fkmj] kmZb][l lg l`] H]_Yd N]k]jnYlagfk* l`] d]_Ydalq* nYda\alq* ]f^gj[]YZadalq gj Y\eakkaZadalq af ]na\]f[] af alk bmjak\a[lagf g^ af[gjhgjYlagf g^ Yfq BafYf[] @g[me]fl, -/)- 8_]`\YQ^SU gYdX \Qgc AY[` KZda_gj k`Ydd [gehdq af Ydd j]kh][lk oal` Ydd dYok lg o`a[` al eYq Z] kmZb][l* a^ ^Yadmj] kg lg [gehdq ogmd\ eYl]jaYddq aehYaj alk YZadalq lg h]j^gje alk gZda_Ylagfk mf\]j l`] BafYf[] @g[me]flk, 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 -/). 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.

 

#/046.26.4n6:=?PERA< + BY[adala]k Y_j]]e]fl + Hmp^]j+ ATA?QPEKJ /.7 -/)-, JH ;YcSQ\ GUWe\Qd_bi 8_]`\YQ^SU Jg KZda_gj eYq mk] l`] hjg[]]\k g^ Yfq HgYfk* o`]l`]j \aj][ldq gj af\aj][ldq* lg hmj[`Yk] gj [Yjjq eYj_af klg[c (oal`af l`] e]Yfaf_ g^ N]_mdYlagf Q g^ l`] BN>) gj lg ]pl]f\ [j]\al lg gl`]jk ^gj l`] hmjhgk] g^ hmj[`Ykaf_ gj [Yjjqaf_ eYj_af klg[c gj lg j]^mf\ af\]Zl]\f]kk gja_afYddq af[mjj]\ ^gj km[` hmjhgk]* af ]Y[` [Yk] af nagdYlagf g^* gj ^gj Y hmjhgk] o`a[` nagdYl]k* gj ogmd\ Z] af[gfkakl]fl oal`* N]_mdYlagfk P* Q gj T akkm]\ Zq l`] BN>, -0) :K:CIH D; 9:;6JAI AY[` g^ l`] ]n]flk gj [aj[meklYf[]k k]l gml af l`ak [dYmk] 03 ak Yf An]fl g^ @]^Ymdl (kYn] ^gj [dYmk] 03,/3 (Acceleration) Yf\ 03,/4 (Clean-Up Period)), -0), C_^(`Qi]U^d =f KZda_gj \g]k fgl hYq gf l`] \m] \Yl] Yfq Yegmfl hYqYZd] hmjkmYfl lg Y BafYf[] @g[me]fl Yl l`] hdY[] Yf\ af l`] [mjj]f[q af o`a[` al ak ]phj]kk]\ lg Z] hYqYZd] mfd]kk8 (Y) alk ^Yadmj] lg hYq ak [Ymk]\ Zq8 (a) Y\eafakljYlan] gj l][`fa[Yd ]jjgj9 gj (aa) Y @akjmhlagf An]fl9 Yf\ (Z) hYqe]fl ak eY\] oal`af l`j]] >mkaf]kk @Yqk g^ alk \m] \Yl], -0)- ;Y^Q^SYQ\ S_fU^Q^dc Q^T _dXUb _R\YWQdY_^c =fq j]imaj]e]fl g^ [dYmk] 01 (Financial covenants) ak fgl kYlak^a]\ gj Yfq Zj]Y[` g^ [dYmk] 02,/6 (Anti-Corruption Laws and Sanctions) g[[mjk, -0). DdXUb _R\YWQdY_^c (Y) =f KZda_gj \g]k fgl [gehdq oal` Yfq hjgnakagf g^ l`] BafYf[] @g[me]flk (gl`]j l`Yf l`gk] j]^]jj]\ lg af [dYmk] 03,/ (Non-payment) Yf\ [dYmk] 03,0 (Financial covenants), (Z) Jg An]fl g^ @]^Ymdl mf\]j [dYmk] 03,1(Y) oadd g[[mj a^ l`] ^Yadmj] lg [gehdq ak [YhYZd] g^ j]e]\q Yf\ ak j]e]\a]\ oal`af 0. >mkaf]kk @Yqk g^ l`] ]Yjda]j g^ (=) l`] =_]fl _anaf_ fgla[] lg l`] ?gehYfq Yf\ (>) Yf KZda_gj Z][geaf_ YoYj] g^ l`] ^Yadmj] lg [gehdq, -0)/ BYcbU`bUcU^dQdY_^ (Y) =fq j]hj]k]flYlagf gj klYl]e]fl eY\] gj \]]e]\ lg Z] eY\] Zq Yf KZda_gj af l`] BafYf[] @g[me]flk gj Yfq gl`]j \g[me]fl \]dan]j]\ Zq gj gf Z]`Yd^ g^ Yfq KZda_gj mf\]j gj af [gff][lagf oal` Yfq BafYf[] @g[me]fl ak gj hjgn]k lg `Yn] Z]]f af[gjj][l gj eakd]Y\af_ af Yfq eYl]jaYd j]kh][l o`]f eY\] gj \]]e]\ lg Z] eY\], (Z) (Ap[]hl ^gj af j]kh][l g^ Yfq eakj]hj]k]flYlagf g^ [dYmk] 0/,00 (Anti-Corruption Laws and Sanctions)) fg An]fl g^ @]^Ymdl mf\]j [dYmk] 03,2(Y) oadd g[[mj a^ l`] ]n]fl l`Yl _Yn] jak] lg l`] eakj]hj]k]flYlagf ak [YhYZd] g^ j]e]\q Yf\ ak j]e]\a]\ oal`af 0. >mkaf]kk @Yqk g^ l`] ]Yjda]j g^ (=) l`] =_]fl _anaf_ fgla[] lg l`] ?gehYfq Yf\ (>) Yf KZda_gj Z][geaf_ YoYj] g^ l`] kYe], 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)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.

 

#/046.26.4n6:=?PERA< + BY[adala]k Y_j]]e]fl + Hmp^]j+ ATA?QPEKJ /15 (Z) =dd gl`]j \g[me]flk hjgna\]\ mf\]j gj af [gff][lagf oal` Yfq BafYf[] @g[me]fl emkl Z]8 (a) af Af_dak`9 gj (aa) a^ fgl af Af_dak`* Yf\ a^ kg j]imaj]\ Zq l`] =_]fl* Y[[gehYfa]\ Zq Y []jla^a]\ Af_dak` ljYfkdYlagf Yf\* af l`ak [Yk]* l`] Af_dak` ljYfkdYlagf oadd hj]nYad mfd]kk l`] \g[me]fl ak Y [gfklalmlagfYd* klYlmlgjq gj gl`]j g^^a[aYd \g[me]fl, ./) 86A8JA6I>DCH 6C9 8:GI>;>86I:H ./), 6SS_e^dc Ef Yfq dala_Ylagf gj YjZaljYlagf hjg[]]\af_k Yjakaf_ gml g^ gj af [gff][lagf oal` Y BafYf[] @g[me]fl* l`] ]flja]k eY\] af l`] Y[[gmflk eYaflYaf]\ Zq Y BafYf[] LYjlq Yj] prima facie ]na\]f[] g^ l`] eYll]jk lg o`a[` l`]q j]dYl], ./)- 8UbdYVYSQdUc Q^T TUdUb]Y^QdY_^c =fq []jla^a[Ylagf gj \]l]jeafYlagf Zq Y BafYf[] LYjlq g^ Y jYl] gj Yegmfl mf\]j Yfq BafYf[] @g[me]fl ak* af l`] YZk]f[] g^ eYfa^]kl ]jjgj* [gf[dmkan] ]na\]f[] g^ l`] eYll]jk lg o`a[` al j]dYl]k, ./). 9Qi S_e^d S_^fU^dY_^ Q^T Y^dUbUcd SQ\Se\QdY_^ (Y) =fq afl]j]kl* [geeakkagf gj ^]] Y[[jmaf_ mf\]j Y BafYf[] @g[me]fl oadd Y[[jm] ^jge \Yq lg \Yq Yf\ l`] Yegmfl g^ Yfq km[` afl]j]kl* [geeakkagf gj ^]] ak [Yd[mdYl]\8 (a) gf l`] ZYkak g^ l`] Y[lmYd fmeZ]j g^ \Yqk ]dYhk]\ Yf\ Y q]Yj g^ 14. \Yqk (gj* af Yfq [Yk] o`]j] l`] hjY[la[] af l`] N]d]nYfl IYjc]l \a^^]jk* af Y[[gj\Yf[] oal` l`Yl eYjc]l hjY[la[])9 Yf\ (aa) kmZb][l lg [dYmk] 12,1(Z) Z]dgo* oal`gml jgmf\af_, (Z) P`] Y__j]_Yl] Yegmfl g^ Yfq Y[[jm]\ afl]j]kl* [geeakkagf gj ^]] o`a[` ak* gj Z][ge]k* hYqYZd] Zq Yf KZda_gj mf\]j Y BafYf[] @g[me]fl k`Ydd Z] jgmf\]\ lg 0 \][aeYd hdY[]k, .0) E6GI>6A >CK6A>9>IN E^* Yl Yfq lae]* Yfq hjgnakagf g^ Y BafYf[] @g[me]fl ak gj Z][ge]k add]_Yd* afnYda\ gj mf]f^gj[]YZd] af Yfq j]kh][l mf\]j Yfq dYo g^ Yfq bmjak\a[lagf* f]al`]j l`] d]_Ydalq* nYda\alq gj ]f^gj[]YZadalq g^ l`] j]eYafaf_ hjgnakagfk fgj l`] d]_Ydalq* nYda\alq gj ]f^gj[]YZadalq g^ km[` hjgnakagf mf\]j l`] dYo g^ Yfq gl`]j bmjak\a[lagf oadd af Yfq oYq Z] Y^^][l]\ gj aehYaj]\, .1) G:B:9>:H 6C9 L6>K:GH Jg ^Yadmj] lg ]p]j[ak]* fgj Yfq \]dYq af ]p]j[akaf_* gf l`] hYjl g^ Yfq BafYf[] LYjlq* Yfq ja_`l gj j]e]\q mf\]j Y BafYf[] @g[me]fl k`Ydd gh]jYl] Yk Y oYan]j g^ Yfq km[` ja_`l gj j]e]\q gj [gfklalml] Yf ]d][lagf lg Y^^aje Yfq g^ l`] BafYf[] @g[me]flk, Jg ]d][lagf lg Y^^aje Yfq BafYf[] @g[me]fl gf l`] hYjl g^ Yfq BafYf[] LYjlq k`Ydd Z] ]^^][lan] mfd]kk al ak af ojalaf_, Jg kaf_d] gj hYjlaYd ]p]j[ak] g^ Yfq ja_`l gj j]e]\q k`Ydd hj]n]fl Yfq ^mjl`]j gj gl`]j ]p]j[ak] gj l`] ]p]j[ak] g^ Yfq gl`]j ja_`l gj j]e]\q, P`] ja_`lk Yf\ j]e]\a]k hjgna\]\ af ]Y[` 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 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.

 

#/046.26.4n6:=?PERA< + BY[adala]k Y_j]]e]fl + Hmp^]j+ ATA?QPEKJ /3/ "7QY\(>^ 6SdY_^" e]Yfk l`] ]p]j[ak] g^ Yfq Sjal]+\gof Yf\ ?gfn]jkagf Lgo]jk9 "7QY\(>^ AUWYc\QdY_^" e]Yfk8 (Y) af j]dYlagf lg Yf AA= I]eZ]j ?gmfljq o`a[` `Yk aehd]e]fl]\* gj o`a[` Yl Yfq lae] aehd]e]flk* =jla[d] 33 >NN@* l`] j]d]nYfl aehd]e]flaf_ dYo gj j]_mdYlagf Yk \]k[jaZ]\ af l`] AQ >Yad+Ef H]_akdYlagf O[`]\md] ^jge lae] lg lae]9 (Z) af j]dYlagf lg l`] Qfal]\ Gaf_\ge* l`] QG >Yad+Ef H]_akdYlagf9 Yf\ ([) af j]dYlagf lg Yfq klYl] gl`]j l`Yf km[` Yf AA= I]eZ]j ?gmfljq Yf\ l`] Qfal]\ Gaf_\ge* Yfq YfYdg_gmk dYo gj j]_mdYlagf ^jge lae] lg lae] o`a[` j]imaj]k [gfljY[lmYd j][g_falagf g^ Yfq Sjal]+\gof Yf\ ?gfn]jkagf Lgo]jk [gflYaf]\ af l`Yl dYo gj j]_mdYlagf9 "::6 BU]RUb 8_e^dbi" e]Yfk Yfq e]eZ]j klYl] g^ l`] Amjgh]Yf Qfagf* E[]dYf\* Ha][`l]fkl]af Yf\ JgjoYq9 ":J 7QY\(>^ AUWYc\QdY_^ HSXUTe\U" e]Yfk l`] \g[me]fl \]k[jaZ]\ Yk km[` Yf\ hmZdak`]\ Zq l`] HgYf IYjc]l =kkg[aYlagf (gj Yfq km[[]kkgj h]jkgf) ^jge lae] lg lae]9 "GUc_\edY_^ 6edX_bYdi" e]Yfk Yfq Zg\q o`a[` `Yk Yml`gjalq lg ]p]j[ak] Yfq Sjal]+\gof Yf\ ?gfn]jkagf Lgo]jk9 "J@ 7QY\(>^ AUWYc\QdY_^" e]Yfk LYjl E g^ l`] Qfal]\ Gaf_\ge >Yfcaf_ =[l 0..7 Yf\ Yfq gl`]j dYo gj j]_mdYlagf Yhhda[YZd] af l`] Qfal]\ Gaf_\ge j]dYlaf_ lg l`] j]kgdmlagf g^ mfkgmf\ gj ^Yadaf_ ZYfck* afn]kle]fl ^ajek gj gl`]j ^afYf[aYd afklalmlagfk gj l`]aj Y^^adaYl]k (gl`]joak] l`Yf l`jgm_` daima\Ylagf* Y\eafakljYlagf gj gl`]j afkgdn]f[q hjg[]]\af_k)9 "LbYdU(T_g^ Q^T 8_^fUbcY_^ E_gUbc" e]Yfk8 (Y) af j]dYlagf lg Yfq >Yad+Ef H]_akdYlagf \]k[jaZ]\ af l`] AQ >Yad+Ef H]_akdYlagf O[`]\md] ^jge lae] lg lae]* l`] hgo]jk \]k[jaZ]\ Yk km[` af j]dYlagf lg l`Yl >Yad+Ef H]_akdYlagf af l`] AQ >Yad+Ef H]_akdYlagf O[`]\md]9 (Z) af j]dYlagf lg l`] QG >Yad+Ef H]_akdYlagf Yfq hgo]jk mf\]j l`Yl QG >Yad+Ef H]_akdYlagf lg [Yf[]d* ljYfk^]j gj \adml] k`Yj]k akkm]\ Zq Y h]jkgf l`Yl ak Y ZYfc gj afn]kle]fl ^aje gj gl`]j ^afYf[aYd afklalmlagf gj Y^^adaYl] g^ Y ZYfc* afn]kle]fl ^aje gj gl`]j ^afYf[aYd afklalmlagf* lg [Yf[]d* j]\m[]* eg\a^q gj [`Yf_] l`] ^gje g^ Y daYZadalq g^ km[` Y h]jkgf gj Yfq [gfljY[l gj afkljme]fl mf\]j o`a[` l`Yl daYZadalq Yjak]k* lg [gfn]jl Ydd gj hYjl g^ l`Yl daYZadalq aflg k`Yj]k* k][mjala]k gj gZda_Ylagfk g^ l`Yl h]jkgf gj Yfq gl`]j h]jkgf* lg hjgna\] l`Yl Yfq km[` [gfljY[l gj afkljme]fl ak lg `Yn] ]^^][l Yk a^ Y ja_`l `Y\ Z]]f ]p]j[ak]\ mf\]j al gj lg kmkh]f\ Yfq gZda_Ylagf af j]kh][l g^ l`Yl daYZadalq gj Yfq g^ l`] hgo]jk mf\]j l`Yl QG >Yad+Ef H]_akdYlagf l`Yl Yj] j]dYl]\ lg gj Yf[addYjq lg Yfq g^ l`gk] hgo]jk9 Yf\ ([) af j]dYlagf lg Yfq gl`]j Yhhda[YZd] >Yad+Ef H]_akdYlagf gl`]j l`Yf l`] QG >Yad+Ef H]_akdYlagf8 (a) Yfq hgo]jk mf\]j l`Yl >Yad+Ef H]_akdYlagf lg [Yf[]d* ljYfk^]j gj \adml] k`Yj]k akkm]\ Zq Y h]jkgf l`Yl ak Y ZYfc gj afn]kle]fl ^aje gj gl`]j ^afYf[aYd afklalmlagf gj Y^^adaYl] g^ Y ZYfc* afn]kle]fl ^aje gj gl`]j ^afYf[aYd afklalmlagf* lg [Yf[]d* j]\m[]* eg\a^q gj [`Yf_] l`] ^gje g^ Y daYZadalq g^ km[` Y h]jkgf gj Yfq [gfljY[l gj afkljme]fl mf\]j o`a[` l`Yl daYZadalq Yjak]k* lg [gfn]jl Ydd 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 hYjl g^ l`Yl daYZadalq aflg k`Yj]k* k][mjala]k gj gZda_Ylagfk g^ l`Yl h]jkgf gj Yfq gl`]j h]jkgf* lg hjgna\] l`Yl Yfq km[` [gfljY[l gj afkljme]fl ak lg `Yn] ]^^][l Yk a^ Y ja_`l `Y\ Z]]f ]p]j[ak]\ mf\]j al gj lg kmkh]f\ Yfq gZda_Ylagf af j]kh][l g^ l`Yl daYZadalq gj Yfq g^ l`] hgo]jk mf\]j l`Yl >Yad+Ef H]_akdYlagf l`Yl Yj] j]dYl]\ lg gj Yf[addYjq lg Yfq g^ l`gk] hgo]jk9 Yf\ (aa) Yfq kaeadYj gj YfYdg_gmk hgo]jk mf\]j l`Yl >Yad+Ef H]_akdYlagf, /,) 8DJCI:GE6GIH AY[` BafYf[] @g[me]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`] BafYf[] @g[me]fl, H:8I>DC ,- <DK:GC>C< A6L 6C9 :C;DG8:B:CI /-) <DK:GC>C< A6L P`ak =_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, /.) :C;DG8:B:CI /.), ?ebYcTYSdY_^ (Y) OmZb][l lg [dYmk] 21,/(\)* l`] [gmjlk g^ Af_dYf\ `Yn] ]p[dmkan] bmjak\a[lagf lg k]lld] Yfq \akhml] Yjakaf_ gml g^ gj af [gff][lagf oal` l`ak =_j]]e]fl (af[dm\af_ Y \akhml] j]dYlaf_ lg l`] ]pakl]f[]* nYda\alq gj l]jeafYlagf g^ l`ak =_j]]e]fl gj Yfq fgf+ [gfljY[lmYd gZda_Ylagf Yjakaf_ gml g^ gj af [gff][lagf oal` l`ak =_j]]e]fl) (Y "9Yc`edU"), (Z) OmZb][l lg [dYmk] 21,/(\)* l`] LYjla]k Y_j]] l`Yl l`] [gmjlk g^ Af_dYf\ Yj] l`] egkl YhhjghjaYl] Yf\ [gfn]fa]fl [gmjlk lg k]lld] @akhml]k Yf\ Y[[gj\af_dq fg LYjlq oadd Yj_m] lg l`] [gfljYjq Yf\ ]Y[` QO KZda_gj ajj]ng[YZdq kmZealk lg l`] bmjak\a[lagf g^ l`] [gmjlk g^ Af_dYf\ oal` j]kh][l lg Yfq @akhml], ([) Jgloal`klYf\af_ [dYmk]k 21,/(Y) Yf\ 21,/(Z)* fg BafYf[] LYjlq k`Ydd Z] hj]n]fl]\ ^jge lYcaf_ hjg[]]\af_k j]dYlaf_ lg Y @akhml] af Yfq gl`]j [gmjlk oal` bmjak\a[lagf, Pg l`] ]pl]fl Yddgo]\ Zq dYo* l`] BafYf[] LYjla]k eYq lYc] [gf[mjj]fl hjg[]]\af_k af Yfq fmeZ]j g^ bmjak\a[lagfk, (\) =\\alagfYddq* ]Y[` QO KZda_gj `]j]Zq ajj]ng[YZdq Yf\ mf[gf\alagfYddq kmZealk* ^gj alk]d^ Yf\ alk hjgh]jlq* lg l`] fgf+]p[dmkan] bmjak\a[lagf g^ l`] Omhj]e] ?gmjl g^ l`] OlYl] g^ J]o Ugjc kallaf_ af J]o Ugjc ?gmflq Yf\ g^ l`] Qfal]\ OlYl]k @aklja[l ?gmjl ^gj l`] Ogml`]jf @aklja[l g^ J]o Ugjc* Yf\ Yfq Yhh]ddYl] [gmjl ^jge Yfq l`]j]g^ ([gdd][lan]dq* l`] "JH 8_ebdc")* af Yfq Y[lagf gj hjg[]]\af_ Yjakaf_ gml g^ gj j]dYlaf_ lg Yfq BafYf[] @g[me]fl* gj ^gj j][g_falagf gj ]f^gj[]e]fl g^ Yfq bm\_e]fl* Yf\ ]Y[` QO KZda_gj `]j]Zq ajj]ng[YZdq Yf\ mf[gf\alagfYddq Y_j]]k l`Yl Ydd [dYaek af j]kh][l g^ Yfq km[` Y[lagf gj hjg[]]\af_ eYq Z] `]Yj\ Yf\ \]l]jeaf]\ af km[` J]o Ugjc OlYl] gj B]\]jYd [gmjl* af ]Y[` [Yk] Yk l`] j]d]nYfl BafYf[] LYjlq eYq k]d][l af alk kgd] \ak[j]lagf, AY[` QO KZda_gj Y_j]]k l`Yl Y ^afYd bm\_e]fl af Yfq km[` Y[lagf gj hjg[]]\af_ k`Ydd Z] [gf[dmkan] Yf\ eYq Z] ]f^gj[]\ af gl`]j bmjak\a[lagfk 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 /31 kmal gf l`] bm\_e]fl gj af Yfq gl`]j eYff]j hjgna\]\ Zq dYo, AY[` QO KZda_gj `]j]Zq ajj]ng[YZdq oYan]k Yfq gZb][lagf lg l`] dYqaf_ g^ n]fm] af Yfq Y[lagf gj hjg[]]\af_ af Yfq g^ l`] QO ?gmjlk Yf\* lg l`] ^mdd]kl ]pl]fl h]jeall]\ Zq dYo* Yfq [dYae l`Yl km[` Y[lagf gj hjg[]]\af_ `Yk Z]]f Zjgm_`l af Yf af[gfn]fa]fl ^gjme, (]) AY[` QO KZda_gj Y_j]]k l`Yl hjg[]kk eYq Z] k]jn]\ Y_Yafkl al af Yfq kmal* Y[lagf gj hjg[]]\af_ af Yfq g^ l`] QO ?gmjlk Zq hgklaf_ km[` hjg[]kk* gj Zq \]dan]jq* lg l`] Y\\j]kk lg o`a[` fgla[]k Yj] lg Z] _an]f lg km[` QO KZda_gj `]j]mf\]j, AY[` QO KZda_gj ^mjl`]j Y_j]]k l`Yl Yfq km[` k]jna[] (a) k`Ydd Z] \]]e]\ af ]n]jq j]kh][l ]^^][lan] k]jna[] g^ hjg[]kk mhgf al af Yfq km[` kmal* Y[lagf* gj hjg[]]\af_* Yf\ (aa) k`Ydd lg l`] ^mdd]kl ]pl]fl h]jeall]\ Zq dYo* Z] lYc]f Yf\ `]d\ lg Z] nYda\ h]jkgfYd k]jna[] mhgf Yf\ h]jkgfYd \]dan]jq lg al, Jgl`af_ af l`ak OmZ+[dYmk] k`Ydd Y^^][l l`] ja_`l g^ Yfq hYjlq `]j]lg lg k]jn] d]_Yd hjg[]kk af j]kh][l g^ Yfq kmal* Y[lagf gj hjg[]]\af_ af Yfq g^ l`] QO ?gmjlk af Yfq gl`]j eYff]j h]jeall]\ Zq dYo, (^) Pg l`] ]pl]fl h]jeall]\ Zq dYo l`] hYjla]k `]j]lg oYan] Yfq ja_`lk l`]q eYq `Yn] lg Y bmjq ljaYd g^ Yfq [dYae gj [Ymk] g^ Y[lagf ZYk]\ gf gj Yjakaf_ ^jge Yfq BafYf[] @g[me]fl gj l`] ljYfkY[lagfk [gfl]ehdYl]\ Zq l`] BafYf[] @g[me]flk, /.)- HUbfYSU _V `b_SUcc Sal`gml hj]bm\a[] lg Yfq gl`]j eg\] g^ k]jna[] Yddgo]\ mf\]j Yfq j]d]nYfl dYo* ]Y[` KZda_gj (gl`]j l`Yf Yf KZda_gj af[gjhgjYl]\ af Af_dYf\ Yf\ SYd]k)8 (Y) ajj]ng[YZdq Yhhgaflk l`] ?gehYfq Yk alk Y_]fl ^gj k]jna[] g^ hjg[]kk af j]dYlagf lg Yfq hjg[]]\af_k Z]^gj] l`] Af_dak` [gmjlk af [gff][lagf oal` Yfq BafYf[] @g[me]fl9 Yf\ (Z) Y_j]]k l`Yl ^Yadmj] Zq Y hjg[]kk Y_]fl lg fgla^q l`] j]d]nYfl KZda_gj g^ l`] hjg[]kk oadd fgl afnYda\Yl] l`] hjg[]]\af_k [gf[]jf]\, ([) E^ Yfq h]jkgf Yhhgafl]\ Yk Yf Y_]fl ^gj k]jna[] g^ hjg[]kk ak mfYZd] ^gj Yfq j]Ykgf lg Y[l Yk Y_]fl ^gj k]jna[] g^ hjg[]kk* Hmp^]j Dgd\af_k LH? (gf Z]`Yd^ g^ Ydd l`] KZda_gjk) emkl aee]\aYl]dq (Yf\ af Yfq ]n]fl oal`af ^an] >mkaf]kk @Yqk g^ km[` ]n]fl lYcaf_ hdY[]) Yhhgafl Yfgl`]j Y_]fl gf l]jek Y[[]hlYZd] lg l`] =_]fl, BYadaf_ l`ak* l`] =_]fl eYq Yhhgafl Yfgl`]j Y_]fl ^gj l`ak hmjhgk], (\) Hmp^]j Dgd\af_k LH? ]phj]kkdq Y_j]]k Yf\ [gfk]flk lg l`] hjgnakagfk g^ l`ak [dYmk] 21 Yf\ [dYmk] 20 (Governing law), /.). GUS_^VYb]QdY_^ %=QWeU 8_^fU^dY_^& =fq KZda_gj af[gjhgjYl]\* \gea[ad]\ gj ]klYZdak`]\ af Yfq bmjak\a[lagf o`a[` ak Y ?gfljY[laf_ OlYl] ^gj l`] hmjhgk]k g^ (gj ak gl`]joak] kmZb][l lg) l`] DY_m] ?gfn]flagf g^ 1. Fmf] 0..3 gf ?`ga[] g^ ?gmjl =_j]]e]flk Y_j]]k l`Yl al oadd* hjgehldq mhgf Yfq j]im]kl ^jge l`] =_]fl ^gj al lg \g kg* [gf^aje af ojalaf_ alk Y_j]]e]fl lg l`] l]jek g^ l`ak [dYmk] 21* Yf\ l`Yl l`ak [dYmk] 21 ak Yf\ j]eYafk ^mddq ]^^][lan] Yf\ ]f^gj[]YZd] af Y[[gj\Yf[] oal` alk l]jek, /.)/ 6S[^_g\UTWU]U^d GUWQbTY^W 6^i He``_bdUT F;8c (Y) =k mk]\ `]j]af* l`] ^gddgoaf_ l]jek `Yn] l`] ^gddgoaf_ e]Yfaf_k8 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 "7=8 6Sd 6VVY\YQdU" g^ Y hYjlq e]Yfk Yf "Y^^adaYl]" (Yk km[` l]je ak \]^af]\ mf\]j* Yf\ afl]jhj]l]\ af Y[[gj\Yf[] oal`* /0 Q,O,?, /62/(c)) g^ km[` hYjlq, "8_fUbUT :^dYdi" e]Yfk Yfq g^ l`] ^gddgoaf_8 (a) Y "[gn]j]\ ]flalq" Yk l`Yl l]je ak \]^af]\ af* Yf\ afl]jhj]l]\ af Y[[gj\Yf[] oal`* /0 ?,B,N, t 030,60(Z) (aa) Y "[gn]j]\ ZYfc" Yk l`Yl l]je ak \]^af]\ af* Yf\ afl]jhj]l]\ af Y[[gj\Yf[] oal`* /0 ?,B,N, t 25,1(Z)9 gj (aaa) Y "[gn]j]\ BOE" Yk l`Yl l]je ak \]^af]\ af* Yf\ afl]jhj]l]\ af Y[[gj\Yf[] oal`* /0 ?,B,N, t 160,0(Z), "9UVQe\d GYWXd" `Yk l`] e]Yfaf_ Ykka_f]\ lg l`Yl l]je af* Yf\ k`Ydd Z] afl]jhj]l]\ af Y[[gj\Yf[] oal`* /0 ?,B,N, tt 030,6/* 25,0 gj 160,/* Yk Yhhda[YZd], "F;8" `Yk l`] e]Yfaf_ Ykka_f]\ lg l`] l]je "imYda^a]\ ^afYf[aYd [gfljY[l" af* Yf\ k`Ydd Z] afl]jhj]l]\ af Y[[gj\Yf[] oal`* /0 Q,O,?, 317.([)(6)(@), "HgQ` 8_^dbQSd" e]Yfk (Y) Yfq Yf\ Ydd jYl] koYh ljYfkY[lagfk* ZYkak koYhk* [j]\al \]janYlan] ljYfkY[lagfk* ^gjoYj\ jYl] ljYfkY[lagfk* [geeg\alq koYhk* [geeg\alq ghlagfk* ^gjoYj\ [geeg\alq [gfljY[lk* ]imalq gj ]imalq af\]p koYhk gj ghlagfk* Zgf\ gj Zgf\ hja[] gj Zgf\ af\]p koYhk gj ghlagfk gj ^gjoYj\ Zgf\ gj ^gjoYj\ Zgf\ hja[] gj ^gjoYj\ Zgf\ af\]p ljYfkY[lagfk* afl]j]kl jYl] ghlagfk* ^gjoYj\ ^gj]a_f ]p[`Yf_] ljYfkY[lagfk* [Yh ljYfkY[lagfk* ^dggj ljYfkY[lagfk* [gddYj ljYfkY[lagfk* [mjj]f[q koYh ljYfkY[lagfk* [jgkk+[mjj]f[q jYl] koYh ljYfkY[lagfk* [mjj]f[q ghlagfk* khgl [gfljY[lk* gj Yfq gl`]j kaeadYj ljYfkY[lagfk gj Yfq [geZafYlagf g^ Yfq g^ l`] ^gj]_gaf_ (af[dm\af_ Yfq ghlagfk lg ]fl]j aflg Yfq g^ l`] ^gj]_gaf_)* o`]l`]j gj fgl Yfq km[` ljYfkY[lagf ak _gn]jf]\ Zq gj kmZb][l lg Yfq eYkl]j Y_j]]e]fl* Yf\ (Z) Yfq Yf\ Ydd ljYfkY[lagfk g^ Yfq caf\* Yf\ l`] j]dYl]\ [gf^ajeYlagfk* l`Yl Yj] kmZb][l lg l`] l]jek Yf\ [gf\alagfk g^* gj _gn]jf]\ Zq* Yfq ^gje g^ eYkl]j Y_j]]e]fl hmZdak`]\ Zq l`] Efl]jfYlagfYd OoYhk Yf\ @]janYlan]k =kkg[aYlagf* Ef[,* Yfq Efl]jfYlagfYd Bgj]a_f Ap[`Yf_] IYkl]j =_j]]e]fl* gj Yfq gl`]j eYkl]j Y_j]]e]fl (Yfq km[` eYkl]j Y_j]]e]fl* lg_]l`]j oal` Yfq j]dYl]\ k[`]\md]k* Y "BQcdUb 6WbUU]U^d")* af[dm\af_ Yfq km[` gZda_Ylagfk gj daYZadala]k mf\]j Yfq IYkl]j =_j]]e]fl, (Z) Pg l`] ]pl]fl l`Yl l`] BafYf[] @g[me]flk hjgna\] kmhhgjl* l`jgm_` Y _mYjYfl]] gj gl`]joak]* ^gj OoYh ?gfljY[lk gj Yfq gl`]j Y_j]]e]fl gj afkljme]fl l`Yl ak Y MB? (km[` kmhhgjl* "F;8 8bUTYd He``_bd" Yf\ ]Y[` km[` MB? Y "He``_bdUT F;8")* l`] hYjla]k Y[cfgod]\_] Yf\ Y_j]] Yk ^gddgok oal` j]kh][l lg l`] j]kgdmlagf hgo]j g^ l`] B]\]jYd @]hgkal EfkmjYf[] ?gjhgjYlagf mf\]j l`] B]\]jYd @]hgkal EfkmjYf[] =[l Yf\ Pald] EE g^ l`] @g\\+BjYfc SYdd Olj]]l N]^gje Yf\ ?gfkme]j Ljgl][lagf =[l (lg_]l`]j oal` l`] j]_mdYlagfk hjgemd_Yl]\ l`]j]mf\]j* l`] "Q,O, Oh][aYd N]kgdmlagf N]_ae]k") af j]kh][l g^ km[` Omhhgjl]\ MB? Yf\ MB? ?j]\al Omhhgjl (oal` l`] hjgnakagfk Z]dgo Yhhda[YZd] fgloal`klYf\af_ l`Yl l`] BafYf[] @g[me]flk Yf\ Yfq Omhhgjl]\ MB? eYq af ^Y[l Z] klYl]\ lg Z] _gn]jf]\ Zq l`] dYok g^ l`] OlYl] g^ J]o Ugjc Yf\-gj g^ l`] Qfal]\ OlYl]k gj Yfq gl`]j klYl] g^ l`] Qfal]\ OlYl]k)8 (a) Ef l`] ]n]fl Y ?gn]j]\ Aflalq l`Yl ak hYjlq lg Y Omhhgjl]\ MB? (]Y[`* Y "8_fUbUT EQbdi") Z][ge]k kmZb][l lg Y hjg[]]\af_ mf\]j Y Q,O, Oh][aYd N]kgdmlagf N]_ae]* l`] ljYfk^]j g^ km[` Omhhgjl]\ MB? Yf\ l`] Z]f]^al g^ km[` MB? ?j]\al Omhhgjl (Yf\ Yfq afl]j]kl Yf\ gZda_Ylagf af gj mf\]j km[` Omhhgjl]\ MB? Yf\ km[` MB? ?j]\al Omhhgjl* Yf\ Yfq ja_`lk af hjgh]jlq k][mjaf_ km[` Omhhgjl]\ MB? gj km[` MB? ?j]\al Omhhgjl) ^jge km[` ?gn]j]\ LYjlq oadd Z] ]^^][lan] lg l`] kYe] ]pl]fl Yk l`] ljYfk^]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 /33 ogmd\ Z] ]^^][lan] mf\]j l`] Q,O, Oh][aYd N]kgdmlagf N]_ae] a^ l`] Omhhgjl]\ MB? Yf\ km[` MB? ?j]\al Omhhgjl (Yf\ Yfq km[` afl]j]kl* gZda_Ylagf Yf\ ja_`lk af hjgh]jlq) o]j] _gn]jf]\ Zq l`] dYok g^ l`] Qfal]\ OlYl]k gj Y klYl] g^ l`] Qfal]\ OlYl]k, Ef l`] ]n]fl Y ?gn]j]\ LYjlq gj Y >D? =[l =^^adaYl] g^ Y ?gn]j]\ LYjlq Z][ge]k kmZb][l lg Y hjg[]]\af_ mf\]j Y Q,O, Oh][aYd N]kgdmlagf N]_ae]* @]^Ymdl Na_`lk mf\]j l`] BafYf[] @g[me]flk l`Yl ea_`l gl`]joak] Yhhdq lg km[` Omhhgjl]\ MB? gj Yfq MB? ?j]\al Omhhgjl l`Yl eYq Z] ]p]j[ak]\ Y_Yafkl km[` ?gn]j]\ LYjlq Yj] h]jeall]\ lg Z] ]p]j[ak]\ lg fg _j]Yl]j ]pl]fl l`Yf km[` @]^Ymdl Na_`lk [gmd\ Z] ]p]j[ak]\ mf\]j l`] Q,O, Oh][aYd N]kgdmlagf N]_ae] a^ l`] Omhhgjl]\ MB? Yf\ l`] BafYf[] @g[me]flk o]j] _gn]jf]\ Zq l`] dYok g^ l`] Qfal]\ OlYl]k gj Y klYl] g^ l`] Qfal]\ OlYl]k, //) :A:8IGDC>8 H><C>C< (Y) P`] LYjla]k Y[cfgod]\_] Yf\ Y_j]] l`Yl l`]q eYq ]p][ml] l`ak =_j]]e]fl Yf\ Yfq nYjaYlagf gj Ye]f\e]fl lg l`] kYe]* Zq ]d][ljgfa[ afkljme]fl, (Z) P`] LYjla]k Y_j]] l`Yl l`] ]d][ljgfa[ ka_fYlmj]k Yhh]Yjaf_ gf Yfq km[` \g[me]fl k`Ydd `Yn] l`] kYe] ]^^][l Yk `Yf\ojall]f ka_fYlmj]k Yf\ l`] mk] g^ Yf ]d][ljgfa[ ka_fYlmj] gf l`ak =_j]]e]fl k`Ydd `Yn] l`] kYe] nYda\alq Yf\ d]_Yd ]^^][l Yk l`] mk] g^ Y ka_fYlmj] Y^^ap]\ Zq `Yf\ Yf\ ak eY\] oal` l`] afl]flagf g^ Yml`]fla[Ylaf_ l`ak =_j]]e]fl* Yf\ ]na\]f[af_ l`] afl]flagf g^ l`] LYjla]k lg Z] Zgmf\ Zq l`] l]jek Yf\ [gf\alagfk [gflYaf]\ `]j]af, ([) Bgj l`] hmjhgk]k g^ mkaf_ Yf ]d][ljgfa[ ka_fYlmj]* ]Y[` LYjlq Yml`gjak]k ]Y[` gl`]j LYjlq lg l`] dYo^md hjg[]kkaf_ g^ h]jkgfYd \YlY g^ l`] ka_fYlgja]k ^gj [gfljY[l h]j^gjeYf[] Yf\ l`]aj d]_alaeYl] afl]j]klk af[dm\af_ [gfljY[l eYfY_]e]fl, P`ak =_j]]e]fl `Yk Z]]f ]fl]j]\ aflg gf l`] \Yl] klYl]\ Yl l`] Z]_affaf_ 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 /34 H8=:9JA: ,5 I=: DG><>C6A E6GI>:H EQbd ,5 IXU DbYWY^Q\ DR\YW_bc CQ]U _V DbYWY^Q\ 7_bb_gUb GUWYcdbQdY_^ ^e]RUb %_b UaeYfQ\U^d' YV Q^i& Hmp^]j Dgd\af_k hd[ Y [gehYfq af[gjhgjYl]\ af Af_dYf\ & SYd]k oal` [gehYfq fmeZ]j .147.61. Hmp^]j Cjgmh Haeal]\ Y [gehYfq af[gjhgjYl]\ af Af_dYf\ & SYd]k oal` [gehYfq fmeZ]j 1722.15 >= Dgd\af_k* Ef[, Y [gehYfq ^gje]\ af @]dYoYj]* QO=* oal` [gehYfq fmeZ]j 03133// CQ]U _V DbYWY^Q\ <eQbQ^d_b GUWYcdbQdY_^ ^e]RUb %_b UaeYfQ\U^d' YV Q^i& Hmp^]j Dgd\af_k hd[ Y [gehYfq af[gjhgjYl]\ af Af_dYf\ & SYd]k oal` [gehYfq fmeZ]j .147.61. Hmp^]j Cjgmh Haeal]\ Y [gehYfq af[gjhgjYl]\ af Af_dYf\ & SYd]k oal` [gehYfq fmeZ]j 1722.15 >= Dgd\af_k* Ef[, Y [gehYfq ^gje]\ af @]dYoYj]* QO=* oal` [gehYfq fmeZ]j 03133// Hmp^]j Cjgmh 0... Haeal]\ Y [gehYfq af[gjhgjYl]\ af Af_dYf\ & SYd]k oal` [gehYfq fmeZ]j 2.05..4 IAH ?`]ea[Ydk Ef[, Y [gehYfq ^gje]\ af J]o F]jk]q* QO=* oal` [gehYfq fmeZ]j 334413.... IY_f]kame Ad]cljgf Jgjl` =e]ja[Y* Ef[, Y [gehYfq ^gje]\ af @]dYoYj]* QO=* oal` [gehYfq fmeZ]j 14467./ Hmp^]j CYk ?qdaf\]jk Haeal]\ Y [gehYfq af[gjhgjYl]\ af Af_dYf\ & SYd]k oal` [gehYfq fmeZ]j 1154403 Hmp^]j Cjgmh O]jna[]k Haeal]\ Y [gehYfq af[gjhgjYl]\ af Af_dYf\ & SYd]k oal` [gehYfq fmeZ]j 176/173 IY_f]kame Ad]cljgf Haeal]\ Y [gehYfq af[gjhgjYl]\ af Af_dYf\ & SYd]k oal` [gehYfq fmeZ]j 1/2/73. Hmp^]j Kn]jk]Yk Dgd\af_k Haeal]\ Y [gehYfq af[gjhgjYl]\ af Af_dYf\ & SYd]k oal` [gehYfq fmeZ]j 1.6/504 Hmp^]j CYk ?qdaf\]jk ?`afY Dgd\af_k Haeal]\ Y [gehYfq af[gjhgjYl]\ af Af_dYf\ & SYd]k oal` [gehYfq fmeZ]j 3/43400 Hmp^]j Ef[, Y [gehYfq ^gje]\ af @]dYoYj]* QO=* oal` [gehYfq fmeZ]j 57031. 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 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.

 

#/046.26.4n6:=?PERA< + BY[adala]k Y_j]]e]fl + Hmp^]j+ ATA?QPEKJ /50 H8=:9JA: 45 AB6 ;DGB D; 8DC;>9:CI>6A>IN JC9:GI6@>C< Vto be insertedW 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 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.

 

#/046.26.4n6:=?PERA< + BY[adala]k Y_j]]e]fl + Hmp^]j+ ATA?QPEKJ /60 H8=:9JA: ,.5 G:;:G:C8: G6I: I:GBH EQbd ,5 9_\\Qbc 8JGG:C8N5 @gddYjk, 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 .,//226 .,/6234 .,04/4/ .,20604 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^ 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 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.