7200 - Contract Executed
Docusign City Council Transmittal Coversheet
File Name
Purchasing Contact
City Council Target Date
Piggy Back Option
Contract Expiration
Ordinance
DocuSign Envelope ID: AE73A2C9-2DA1-4E69-954D-5B1574F66708
$!!
"$ %$$"
%"" #
"%"&
00 52 43 - 1
Agreement
Page 1 of 6
CITY OF DENTON 7200 North-South Phase III 42-Inch Water Transmission Main
STANDARD CONSTRUCTION SPECIFICATION DOCUMENTS
Revised September 20, 2018
SECTION 00 52 43 1
AGREEMENT 2
THIS AGREEMENT, authorized on ______________is made by and between the City of Denton, 3
a Texas home rule municipality, acting by and through its duly authorized City Manager, (“City”), 4
and S & J Construction Co., Inc., authorized to do business in Texas, acting by and through its duly 5
authorized representative, (“Contractor”). 6
City and Contractor, in consideration of the mutual covenants hereinafter set forth, agree as follows: 7
Article 1. WORK 8
Contractor shall complete all Work as specified or indicated in the Contract Documents for the 9
Project identified herein. 10
Article 2. PROJECT 11
The project for which the Work under the Contract Documents may be the whole or only a part is 12
generally described as follows: 13
North-South Phase III 42-Inch Water Transmission Main 14
Contract No: 7200 15
Article 3. CONTRACT PRICE 16
City agrees to pay Contractor for performance of the Work in accordance with the Contract 17
Documents an amount, in current funds, of Three million eight hundred ten thousand forty-eight 18
Dollars and 74/100 cents ($3,810,048.74).At the sole option of the City, five (5) percent 19
contingency in the amount of One hundred ninety thousand five hundred and two Dollars and 20
44/100 cents ($190,502,44) may be used for a total not-to-exceed amount of Four million five 21
hundred and fifty-one dollar and 18/100 cents ($4,000,551.18). 22
Article 4. CONTRACT TIME 23
4.1 Final Acceptance. 24
The Work will be complete for Final Acceptance within 360 days after the date when the 25
Contract Time commences to run, as provided in Paragraph 2.03 of the General Conditions, 26
plus any extension thereof allowed in accordance with Article 12 of the General Conditions. 27
4.2 Liquidated Damages 28
Contractor recognizes that time is of the essence for completion of Milestones, if any, and 29
to achieve Final Acceptance of the Work and City will suffer financial loss if the Work is 30
not completed within the time(s) specified in Paragraph 4.1 above. The Contractor also 31
recognizes the delays, expense and difficulties involved in proving in a legal proceeding, 32
the actual loss suffered by the City if the Work is not completed on time. Accordingly, 33
instead of requiring any such proof, Contractor agrees that as liquidated damages for delay 34
(but not as a penalty), Contractor shall pay City Three Thousand Dollars ($3,000.00) for 35
each day that expires after the time specified in Paragraph 4.1 for Final Acceptance until 36
the City issues the Final Letter of Acceptance. 37
DocuSign Envelope ID: AE73A2C9-2DA1-4E69-954D-5B1574F66708
00 52 43 - 2
Agreement
Page 2 of 6
CITY OF DENTON 7200 North-South Phase III 42-Inch Water Transmission Main
STANDARD CONSTRUCTION SPECIFICATION DOCUMENTS
Revised September 20, 2018
Article 5. CONTRACT DOCUMENTS 1
5.1 CONTENTS: 2
A. The Contract Documents which comprise the entire agreement between City and 3
Contractor concerning the Work consist of the following: 4
1. This Agreement. 5
2. Attachments to this Agreement: 6
a. Bid Form 7
1) Proposal Form 8
2) Vendor Compliance to State Law Non-Resident Bidder 9
b. Current Prevailing Wage Rate Table 10
c. Worker’s Compensation Affidavit 11
d. General Conditions. 12
e. Supplementary Conditions. 13
3. The following located in File 7200 at: 14
https://lfpubweb.cityofdenton.com/MaterialsManagement/Browse.aspx?startid=1915
&row=1&dbid=0: 16
a. Specifications described in the Table of Contents of the Project’s Contract 17
Documents. 18
b. North Central Texas Council of Governments Standard Specifications for Public 19
Works Construction – Fourth Edition, Divisions 200-800, and as amended by 20
City, and described in the Table of Contents of the Project’s Contract Documents. 21
c. Drawings. 22
d. Addenda. 23
e. Documentation submitted by Contractor prior to Notice of Award. 24
4. The following which shall be issued after the Effective Date and delivered to the City 25
within ten (10) days of the Effective Date and before beginning Work: 26
a. Payment Bond 27
b. Performance Bond 28
c. Maintenance Bond 29
d. Power of Attorney for the Bonds 30
e. Form 1295 – Certificate of Interested Parties (email to purchasing) 31
f. Insurance Certificate 32
5. The following which may be delivered or issued after the Effective Date and, if 33
issued, become an incorporated part of the Contract Documents: 34
a. Notice to Proceed. 35
b. Field Orders. 36
c. Change Orders. 37
d. Letter of Final Acceptance. 38
39
40
DocuSign Envelope ID: AE73A2C9-2DA1-4E69-954D-5B1574F66708
00 52 43 - 3
Agreement
Page 3 of 6
CITY OF DENTON 7200 North-South Phase III 42-Inch Water Transmission Main
STANDARD CONSTRUCTION SPECIFICATION DOCUMENTS
Revised September 20, 2018
Article 6. INDEMNIFICATION 1
6.1 Contractor covenants and agrees to indemnify, hold harmless and defend, at its own 2
expense, the city, its officers, servants and employees, from and against any and all 3
claims arising out of, or alleged to arise out of, the work and services to be performed 4
by the contractor, its officers, agents, employees, subcontractors, licensees or invitees 5
under this contract. This indemnification provision is specifically intended to operate 6
and be effective even if it is alleged or proven that all or some of the damages being 7
sought were caused, in whole or in part, by any act, omission or negligence of the city. 8
This indemnity provision is intended to include, without limitation, indemnity for any 9
and all costs, expenses and legal fees incurred by the city in defending against such 10
claims and causes of actions. 11
12
6.2 Contractor covenants and agrees to indemnify and hold harmless, at its own expense, 13
the city, its officers, servants and employees, from and against any and all loss of, 14
damage to, or destruction of, property of the city, arising out of, or alleged to arise out 15
of, the work and services to be performed by the contractor, its officers, agents, 16
employees, subcontractors, licensees or invitees under this contract. This 17
indemnification provision is specifically intended to operate and be effective even if it is 18
alleged or proven that all or some of the damages being sought were caused, in whole or 19
in part, by any act, omission or negligence of the city. 20
21
Article 7. MISCELLANEOUS 22
7.1 Terms. 23
Terms used in this Agreement which are defined in Article 1 of the General Conditions will 24
have the meanings indicated in the General Conditions. 25
7.2 Assignment of Contract. 26
This Agreement, including all of the Contract Documents may not be assigned by the 27
Contractor without the advanced express written consent of the City. 28
7.3 Successors and Assigns. 29
City and Contractor each binds itself, its partners, successors, assigns and legal 30
representatives to the other party hereto, in respect to all covenants, agreements and 31
obligations contained in the Contract Documents. 32
7.4 Severability. 33
Any provision or part of the Contract Documents held to be unconstitutional, void or 34
unenforceable by a court of competent jurisdiction shall be deemed stricken, and all 35
remaining provisions shall continue to be valid and binding upon City and Contractor. 36
7.5 Governing Law and Venue. 37
This Agreement, including all of the Contract Documents is performable in the State of 38
Texas. Venue shall be Denton County, Texas, or the United States District Court for the 39
Eastern District of Texas, Sherman Division. 40
DocuSign Envelope ID: AE73A2C9-2DA1-4E69-954D-5B1574F66708
00 52 43 - 4
Agreement
Page 4 of 6
CITY OF DENTON 7200 North-South Phase III 42-Inch Water Transmission Main
STANDARD CONSTRUCTION SPECIFICATION DOCUMENTS
Revised September 20, 2018
7.6 Authority to Sign. 1
Contractor shall attach evidence of authority to sign Agreement if signed by someone other 2
than the duly authorized signatory of the Contractor. 3
4
7.7 Prohibition On Contracts With Companies Boycotting Israel. 5
Contractor acknowledges that in accordance with Chapter 2270 of the Texas Government 6
Code, the City is prohibited from entering into a contract with a company for goods or 7
services unless the contract contains a written verification from the company that it: (1) 8
does not boycott Israel; and (2) will not boycott Israel during the term of the contract. 9
The terms “boycott Israel” and “company” shall have the meanings ascribed to those terms 10
in Section 808.001 of the Texas Government Code. By signing this contract, Contractor 11
certifies that Contractor’s signature provides written verification to the City that 12
Contractor: (1) does not boycott Israel; and (2) will not boycott Israel during the term of 13
the contract. 14
15
7.8 Immigration Nationality Act. 16
Contractor shall verify the identity and employment eligibility of its employees who perform 17
work under this Agreement, including completing the Employment Eligibility Verification 18
Form (I-9). Upon request by City, Contractor shall provide City with copies of all I-9 forms 19
and supporting eligibility documentation for each employee who performs work under this 20
Agreement. Contractor shall adhere to all Federal and State laws as well as establish 21
appropriate procedures and controls so that no services will be performed by any Contractor 22
employee who is not legally eligible to perform such services. CONTRACTOR SHALL 23
INDEMNIFY CITY AND HOLD CITY HARMLESS FROM ANY PENALTIES, 24
LIABILITIES, OR LOSSES DUE TO VIOLATIONS OF THIS PARAGRAPH BY 25
CONTRACTOR, CONTRACTOR’S EMPLOYEES, SUBCONTRACTORS, 26
AGENTS, OR LICENSEES. City, upon written notice to Contractor, shall have the right 27
to immediately terminate this Agreement for violations of this provision by Contractor. 28
29
7.9 No Third-Party Beneficiaries. 30
This Agreement gives no rights or benefits to anyone other than the City and the Contractor 31
and there are no third-party beneficiaries. 32
33
34
DocuSign Envelope ID: AE73A2C9-2DA1-4E69-954D-5B1574F66708
00 52 43 - 5
Agreement
Page 5 of 6
CITY OF DENTON 7200 North-South Phase III 42-Inch Water Transmission Main
STANDARD CONSTRUCTION SPECIFICATION DOCUMENTS
Revised September 20, 2018
7.10 No Cause of Action Against Engineer. 1
Contractor, its subcontractors and equipment and materials suppliers on the Project or their 2
sureties, shall maintain no direct action against the Engineer, its officers, employees, and 3
subcontractors, for any claim arising out of, in connection with, or resulting from the engineering 4
services performed. Only the City will be the beneficiary of any undertaking by the Engineer. 5
The presence or duties of the Engineer's personnel at a construction site, whether as on-site 6
representatives or otherwise, do not make the Engineer or its personnel in any way 7
responsible for those duties that belong to the City and/or the City's Contractors or other 8
entities, and do not relieve the Contractors or any other entity of their obligations, duties, and 9
responsibilities, including, but not limited to, all construction methods, means, techniques, 10
sequences, and procedures necessary for coordinating and completing all portions of the 11
construction work in accordance with the Contract Documents and any health or safety 12
precautions required by such construction work. The Engineer and its personnel have no 13
authority to exercise any control over any construction contractor or other entity or their 14
employees in connection with their work or any health or safety precautions. 15
16
SIGNATURE PAGE TO FOLLOW 17
18
DocuSign Envelope ID: AE73A2C9-2DA1-4E69-954D-5B1574F66708
00 52 43 - 6
Agreement
Page 6 of 6
CITY OF DENTON 7200 North-South Phase III 42-Inch Water Transmission Main
STANDARD CONSTRUCTION SPECIFICATION DOCUMENTS
Revised September 20, 2018
IN WITNESS WHEREOF, City and Contractor have each executed this Agreement to be effective 1
as of the date subscribed by the City’s designated City Manager (“Effective Date”). 2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
ATTEST: 37
ROSA RIOS, CITY SECRETARY 38
39
40
_______________________________________ 41
42
43
APPROVED AS TO LEGAL FORM: 44
AARON LEAL, CITY ATTORNEY 45
46
_______________________________________ 47
CITY OF DENTON
BY: ___________________________________
CITY MANAGER
CONTRACTOR
S & J CONSTRUCTION CO., INC.
BY: ___________________________________
AUTHORIZED AGENT
_______________________________________
NAME
_______________________________________
TITLE
_______________________________________
PHONE NUMBER
_______________________________________
EMAIL ADDRESS
THIS AGREEMENT HAS BEEN
BOTH REVIEWED AND APPROVED
as to financial and operational obligations and
business terms.
_______________ ________________
SIGNATURE PRINTED NAME
__________________________________
TITLE
__________________________________
DEPARTMENT
DocuSign Envelope ID: AE73A2C9-2DA1-4E69-954D-5B1574F66708
'( *""%!
*""%#"%#
%()(
)+$$'
&)"'% )(
DocuSign Envelope ID: AE73A2C9-2DA1-4E69-954D-5B1574F66708
DocuSign Envelope ID: AE73A2C9-2DA1-4E69-954D-5B1574F66708
DocuSign Envelope ID: AE73A2C9-2DA1-4E69-954D-5B1574F66708
DocuSign Envelope ID: AE73A2C9-2DA1-4E69-954D-5B1574F66708
DocuSign Envelope ID: AE73A2C9-2DA1-4E69-954D-5B1574F66708
DocuSign Envelope ID: AE73A2C9-2DA1-4E69-954D-5B1574F66708
"General Decision Number: TX20200018 01/03/2020
Superseded General Decision Number: TX20190018
State: Texas
Construction Type: Heavy
Counties: Collin, Dallas, Denton, Ellis, Kaufman and Rockwall
Counties in Texas.
Water and Sewer Lines/Utilities (Including Related Tunneling
Where the Tunnel is 48"" or Less in Diameter)
Note: Under Executive Order (EO) 13658, an hourly minimum wage
of $10.80 for calendar year 2020 applies to all contracts
subject to the Davis-Bacon Act for which the contract is awarded
(and any solicitation was issued) on or after January 1, 2015.
If this contract is covered by the EO, the contractor must pay
all workers in any classification listed on this wage
determination at least $10.80 per hour (or the applicable
wage rate listed on this wage determination, if it is higher)
for all hours spent performing on the contract in calendar
year 2020. If this contract is covered by the EO and a
classification considered necessary for performance of work on
the contract does not appear on this wage determination, the
contractor must pay workers in that classification at least
the wage rate determined through the conformance process set
forth in 29 CFR 5.5(a)(1)(ii) (or the EO minimum wage rate,
if it is higher than the conformed wage rate). The EO minimum
wage rate will be adjusted annually. Please note that
this EO applies to the above-mentioned types of contracts
entered into by the federal government that are subject
to the Davis-Bacon Act itself, but it does not apply
to contracts subject only to the Davis-Bacon Related Acts,
including those set forth at 29 CFR 5.1(a)(2)-(60). Additional
information on contractor requirements and worker protections
DocuSign Envelope ID: AE73A2C9-2DA1-4E69-954D-5B1574F66708
under the EO is available at www.dol.gov/whd/govcontracts.
Modification Number Publication Date
0 01/03/2020
* PLUM0100-002 11/01/2017
Rates Fringes
Plumbers and Pipefitters.........$ 30.84 11.51
----------------------------------------------------------------
SUTX1991-004 09/23/1991
Rates Fringes
Laborers:
Common......................$ 7.25
Utility.....................$ 7.467
Pipelayer........................$ 7.828
Power equipment operators:
Backhoe.....................$ 10.804
Crane.......................$ 10.942
Front End Loader............$ 9.163
Tunneling Machine (48"" or
less).......................$ 9.163
TRUCK DRIVER.....................$ 8.528
----------------------------------------------------------------
WELDERS - Receive rate prescribed for craft performing
operation to which welding is incidental.
================================================================
Note: Executive Order (EO) 13706, Establishing Paid Sick Leave
for Federal Contractors applies to all contracts subject to the
Davis-Bacon Act for which the contract is awarded (and any
solicitation was issued) on or after January 1, 2017. If this
contract is covered by the EO, the contractor must provide
DocuSign Envelope ID: AE73A2C9-2DA1-4E69-954D-5B1574F66708
employees with 1 hour of paid sick leave for every 30 hours
they work, up to 56 hours of paid sick leave each year.
Employees must be permitted to use paid sick leave for their
own illness, injury or other health-related needs, including
preventive care; to assist a family member (or person who is
like family to the employee) who is ill, injured, or has other
health-related needs, including preventive care; or for reasons
resulting from, or to assist a family member (or person who is
like family to the employee) who is a victim of, domestic
violence, sexual assault, or stalking. Additional information
on contractor requirements and worker protections under the EO
is available at www.dol.gov/whd/govcontracts.
Unlisted classifications needed for work not included within
the scope of the classifications listed may be added after
award only as provided in the labor standards contract clauses
(29CFR 5.5 (a) (1) (ii)).
----------------------------------------------------------------
The body of each wage determination lists the classification
and wage rates that have been found to be prevailing for the
cited type(s) of construction in the area covered by the wage
determination. The classifications are listed in alphabetical
order of ""identifiers"" that indicate whether the particular
rate is a union rate (current union negotiated rate for local),
a survey rate (weighted average rate) or a union average rate
(weighted union average rate).
Union Rate Identifiers
A four letter classification abbreviation identifier enclosed
in dotted lines beginning with characters other than ""SU"" or
""UAVG"" denotes that the union classification and rate were
prevailing for that classification in the survey. Example:
PLUM0198-005 07/01/2014. PLUM is an abbreviation identifier of
the union which prevailed in the survey for this
classification, which in this example would be Plumbers. 0198
indicates the local union number or district council number
where applicable, i.e., Plumbers Local 0198. The next number,
005 in the example, is an internal number used in processing
the wage determination. 07/01/2014 is the effective date of the
most current negotiated rate, which in this example is July 1,
DocuSign Envelope ID: AE73A2C9-2DA1-4E69-954D-5B1574F66708
2014.
Union prevailing wage rates are updated to reflect all rate
changes in the collective bargaining agreement (CBA) governing
this classification and rate.
Survey Rate Identifiers
Classifications listed under the ""SU"" identifier indicate that
no one rate prevailed for this classification in the survey and
the published rate is derived by computing a weighted average
rate based on all the rates reported in the survey for that
classification. As this weighted average rate includes all
rates reported in the survey, it may include both union and
non-union rates. Example: SULA2012-007 5/13/2014. SU indicates
the rates are survey rates based on a weighted average
calculation of rates and are not majority rates. LA indicates
the State of Louisiana. 2012 is the year of survey on which
these classifications and rates are based. The next number, 007
in the example, is an internal number used in producing the
wage determination. 5/13/2014 indicates the survey completion
date for the classifications and rates under that identifier.
Survey wage rates are not updated and remain in effect until a
new survey is conducted.
Union Average Rate Identifiers
Classification(s) listed under the UAVG identifier indicate
that no single majority rate prevailed for those
classifications; however, 100% of the data reported for the
classifications was union data. EXAMPLE: UAVG-OH-0010
08/29/2014. UAVG indicates that the rate is a weighted union
average rate. OH indicates the state. The next number, 0010 in
the example, is an internal number used in producing the wage
determination. 08/29/2014 indicates the survey completion date
for the classifications and rates under that identifier.
A UAVG rate will be updated once a year, usually in January of
each year, to reflect a weighted average of the current
negotiated/CBA rate of the union locals from which the rate is
based.
DocuSign Envelope ID: AE73A2C9-2DA1-4E69-954D-5B1574F66708
----------------------------------------------------------------
WAGE DETERMINATION APPEALS PROCESS
1.) Has there been an initial decision in the matter? This can
be:
* an existing published wage determination
* a survey underlying a wage determination
* a Wage and Hour Division letter setting forth a position on
a wage determination matter
* a conformance (additional classification and rate) ruling
On survey related matters, initial contact, including requests
for summaries of surveys, should be with the Wage and Hour
Regional Office for the area in which the survey was conducted
because those Regional Offices have responsibility for the
Davis-Bacon survey program. If the response from this initial
contact is not satisfactory, then the process described in 2.)
and 3.) should be followed.
With regard to any other matter not yet ripe for the formal
process described here, initial contact should be with the
Branch of Construction Wage Determinations. Write to:
Branch of Construction Wage Determinations
Wage and Hour Division
U.S. Department of Labor
200 Constitution Avenue, N.W.
Washington, DC 20210
2.) If the answer to the question in 1.) is yes, then an
interested party (those affected by the action) can request
review and reconsideration from the Wage and Hour Administrator
(See 29 CFR Part 1.8 and 29 CFR Part 7). Write to:
Wage and Hour Administrator
U.S. Department of Labor
200 Constitution Avenue, N.W.
Washington, DC 20210
The request should be accompanied by a full statement of the
interested party's position and by any information (wage
payment data, project description, area practice material,
etc.) that the requestor considers relevant to the issue.
DocuSign Envelope ID: AE73A2C9-2DA1-4E69-954D-5B1574F66708
3.) If the decision of the Administrator is not favorable, an
interested party may appeal directly to the Administrative
Review Board (formerly the Wage Appeals Board). Write to:
Administrative Review Board
U.S. Department of Labor
200 Constitution Avenue, N.W.
Washington, DC 20210
4.) All decisions by the Administrative Review Board are final.
================================================================
END OF GENERAL DECISION
"
DocuSign Envelope ID: AE73A2C9-2DA1-4E69-954D-5B1574F66708
"General Decision Number: TX20200025 01/03/2020
Superseded General Decision Number: TX20190025
State: Texas
Construction Type: Highway
Counties: Archer, Callahan, Clay, Collin, Dallas, Delta,
Denton, Ellis, Grayson, Hunt, Johnson, Jones, Kaufman, Parker,
Rockwall, Tarrant and Wise Counties in Texas.
HIGHWAY CONSTRUCTION PROJECTS (excluding tunnels, building
structures in rest area projects & railroad construction;
bascule, suspension & spandrel arch bridges designed for
commercial navigation, bridges involving marine construction;
and other major bridges).
Note: Under Executive Order (EO) 13658, an hourly minimum wage
of $10.80 for calendar year 2020 applies to all contracts
subject to the Davis-Bacon Act for which the contract is awarded
(and any solicitation was issued) on or after January 1, 2015.
If this contract is covered by the EO, the contractor must pay
all workers in any classification listed on this wage
determination at least $10.80 per hour (or the applicable
wage rate listed on this wage determination, if it is higher)
for all hours spent performing on the contract in calendar
year 2020. If this contract is covered by the EO and a
classification considered necessary for performance of work on
the contract does not appear on this wage determination, the
contractor must pay workers in that classification at least
the wage rate determined through the conformance process set
forth in 29 CFR 5.5(a)(1)(ii) (or the EO minimum wage rate,
if it is higher than the conformed wage rate). The EO minimum
wage rate will be adjusted annually. Please note that
this EO applies to the above-mentioned types of contracts
entered into by the federal government that are subject
DocuSign Envelope ID: AE73A2C9-2DA1-4E69-954D-5B1574F66708
to the Davis-Bacon Act itself, but it does not apply
to contracts subject only to the Davis-Bacon Related Acts,
including those set forth at 29 CFR 5.1(a)(2)-(60). Additional
information on contractor requirements and worker protections
under the EO is available at www.dol.gov/whd/govcontracts.
Modification Number Publication Date
0 01/03/2020
* SUTX2011-007 08/03/2011
Rates Fringes
CONCRETE FINISHER (Paving and
Structures)......................$ 14.12
ELECTRICIAN......................$ 19.80
FORM BUILDER/FORM SETTER
Paving & Curb...............$ 13.16
Structures..................$ 13.84
LABORER
Asphalt Raker...............$ 12.69
Flagger.....................$ 10.06
Laborer, Common.............$ 10.72
Laborer, Utility............$ 12.32
Pipelayer...................$ 13.24
Work Zone Barricade
Servicer....................$ 11.68
POWER EQUIPMENT OPERATOR:
Asphalt Distributor.........$ 15.32
Asphalt Paving Machine......$ 13.99
Broom or Sweeper............$ 11.74
Concrete Pavement
Finishing Machine...........$ 16.05
Concrete Saw................$ 14.48
Crane Operator, Lattice
Boom 80 Tons or Less........$ 17.27
Crane Operator, Lattice
DocuSign Envelope ID: AE73A2C9-2DA1-4E69-954D-5B1574F66708
Boom over 80 Tons...........$ 20.52
Crane, Hydraulic 80 Tons
or Less.....................$ 18.12
Crawler Tractor.............$ 14.07
Excavator, 50,000 pounds
or less.....................$ 17.19
Excavator, over 50,000
pounds......................$ 16.99
Foundation Drill , Truck
Mounted.....................$ 21.07
Foundation Drill, Crawler
Mounted.....................$ 17.99
Front End Loader 3 CY or
Less........................$ 13.69
Front End Loader, over 3 CY.$ 14.72
Loader/Backhoe..............$ 15.18
Mechanic....................$ 17.68
Milling Machine.............$ 14.32
Motor Grader, Fine Grade....$ 17.19
Motor Grader, Rough.........$ 16.02
Pavement Marking Machine....$ 13.63
Reclaimer/Pulverizer........$ 11.01
Roller, Asphalt.............$ 13.08
Roller, Other...............$ 11.51
Scraper.....................$ 12.96
Small Slipform Machine......$ 15.96
Spreader Box................$ 14.73
Servicer.........................$ 14.58
Steel Worker (Reinforcing).......$ 16.18
TRUCK DRIVER
Lowboy-Float................$ 16.24
Off Road Hauler.............$ 12.25
Single Axle.................$ 12.31
Single or Tandem Axle Dump
Truck.......................$ 12.62
Tandem Axle Tractor with
Semi Trailer................$ 12.86
Transit-Mix.................$ 14.14
WELDER...........................$ 14.84
----------------------------------------------------------------
DocuSign Envelope ID: AE73A2C9-2DA1-4E69-954D-5B1574F66708
WELDERS - Receive rate prescribed for craft performing
operation to which welding is incidental.
================================================================
Note: Executive Order (EO) 13706, Establishing Paid Sick Leave
for Federal Contractors applies to all contracts subject to the
Davis-Bacon Act for which the contract is awarded (and any
solicitation was issued) on or after January 1, 2017. If this
contract is covered by the EO, the contractor must provide
employees with 1 hour of paid sick leave for every 30 hours
they work, up to 56 hours of paid sick leave each year.
Employees must be permitted to use paid sick leave for their
own illness, injury or other health-related needs, including
preventive care; to assist a family member (or person who is
like family to the employee) who is ill, injured, or has other
health-related needs, including preventive care; or for reasons
resulting from, or to assist a family member (or person who is
like family to the employee) who is a victim of, domestic
violence, sexual assault, or stalking. Additional information
on contractor requirements and worker protections under the EO
is available at www.dol.gov/whd/govcontracts.
Unlisted classifications needed for work not included within
the scope of the classifications listed may be added after
award only as provided in the labor standards contract clauses
(29CFR 5.5 (a) (1) (ii)).
----------------------------------------------------------------
The body of each wage determination lists the classification
and wage rates that have been found to be prevailing for the
cited type(s) of construction in the area covered by the wage
determination. The classifications are listed in alphabetical
order of ""identifiers"" that indicate whether the particular
rate is a union rate (current union negotiated rate for local),
a survey rate (weighted average rate) or a union average rate
(weighted union average rate).
Union Rate Identifiers
A four letter classification abbreviation identifier enclosed
in dotted lines beginning with characters other than ""SU"" or
DocuSign Envelope ID: AE73A2C9-2DA1-4E69-954D-5B1574F66708
""UAVG"" denotes that the union classification and rate were
prevailing for that classification in the survey. Example:
PLUM0198-005 07/01/2014. PLUM is an abbreviation identifier of
the union which prevailed in the survey for this
classification, which in this example would be Plumbers. 0198
indicates the local union number or district council number
where applicable, i.e., Plumbers Local 0198. The next number,
005 in the example, is an internal number used in processing
the wage determination. 07/01/2014 is the effective date of the
most current negotiated rate, which in this example is July 1,
2014.
Union prevailing wage rates are updated to reflect all rate
changes in the collective bargaining agreement (CBA) governing
this classification and rate.
Survey Rate Identifiers
Classifications listed under the ""SU"" identifier indicate that
no one rate prevailed for this classification in the survey and
the published rate is derived by computing a weighted average
rate based on all the rates reported in the survey for that
classification. As this weighted average rate includes all
rates reported in the survey, it may include both union and
non-union rates. Example: SULA2012-007 5/13/2014. SU indicates
the rates are survey rates based on a weighted average
calculation of rates and are not majority rates. LA indicates
the State of Louisiana. 2012 is the year of survey on which
these classifications and rates are based. The next number, 007
in the example, is an internal number used in producing the
wage determination. 5/13/2014 indicates the survey completion
date for the classifications and rates under that identifier.
Survey wage rates are not updated and remain in effect until a
new survey is conducted.
Union Average Rate Identifiers
Classification(s) listed under the UAVG identifier indicate
that no single majority rate prevailed for those
classifications; however, 100% of the data reported for the
classifications was union data. EXAMPLE: UAVG-OH-0010
08/29/2014. UAVG indicates that the rate is a weighted union
average rate. OH indicates the state. The next number, 0010 in
the example, is an internal number used in producing the wage
DocuSign Envelope ID: AE73A2C9-2DA1-4E69-954D-5B1574F66708
determination. 08/29/2014 indicates the survey completion date
for the classifications and rates under that identifier.
A UAVG rate will be updated once a year, usually in January of
each year, to reflect a weighted average of the current
negotiated/CBA rate of the union locals from which the rate is
based.
----------------------------------------------------------------
WAGE DETERMINATION APPEALS PROCESS
1.) Has there been an initial decision in the matter? This can
be:
* an existing published wage determination
* a survey underlying a wage determination
* a Wage and Hour Division letter setting forth a position on
a wage determination matter
* a conformance (additional classification and rate) ruling
On survey related matters, initial contact, including requests
for summaries of surveys, should be with the Wage and Hour
Regional Office for the area in which the survey was conducted
because those Regional Offices have responsibility for the
Davis-Bacon survey program. If the response from this initial
contact is not satisfactory, then the process described in 2.)
and 3.) should be followed.
With regard to any other matter not yet ripe for the formal
process described here, initial contact should be with the
Branch of Construction Wage Determinations. Write to:
Branch of Construction Wage Determinations
Wage and Hour Division
U.S. Department of Labor
200 Constitution Avenue, N.W.
Washington, DC 20210
2.) If the answer to the question in 1.) is yes, then an
interested party (those affected by the action) can request
review and reconsideration from the Wage and Hour Administrator
(See 29 CFR Part 1.8 and 29 CFR Part 7). Write to:
DocuSign Envelope ID: AE73A2C9-2DA1-4E69-954D-5B1574F66708
Wage and Hour Administrator
U.S. Department of Labor
200 Constitution Avenue, N.W.
Washington, DC 20210
The request should be accompanied by a full statement of the
interested party's position and by any information (wage
payment data, project description, area practice material,
etc.) that the requestor considers relevant to the issue.
3.) If the decision of the Administrator is not favorable, an
interested party may appeal directly to the Administrative
Review Board (formerly the Wage Appeals Board). Write to:
Administrative Review Board
U.S. Department of Labor
200 Constitution Avenue, N.W.
Washington, DC 20210
4.) All decisions by the Administrative Review Board are final.
================================================================
END OF GENERAL DECISION
"
DocuSign Envelope ID: AE73A2C9-2DA1-4E69-954D-5B1574F66708
DocuSign Envelope ID: AE73A2C9-2DA1-4E69-954D-5B1574F66708
DocuSign Envelope ID: AE73A2C9-2DA1-4E69-954D-5B1574F66708
&,7<2)'(1721
67$1'$5'&216758&7,2163(&,),&$7,21'2&80(176
5HYLVHG6HSWHPEHU
67$1'$5'*(1(5$/&21',7,2162)7+(
&216758&7,21&2175$&7
7$%/(2)&217(176
3DJH
$UWLFOH±'HILQLWLRQVDQG7HUPLQRORJ\
'HILQHG7HUPV
7HUPLQRORJ\
$UWLFOH±3UHOLPLQDU\0DWWHUV
&RSLHVRI'RFXPHQWV
&RPPHQFHPHQWRI&RQWUDFW7LPH1RWLFHWR3URFHHG
6WDUWLQJWKH:RUN
%HIRUH6WDUWLQJ&RQVWUXFWLRQ
3UHFRQVWUXFWLRQ&RQIHUHQFH
3XEOLF0HHWLQJ
,QLWLDO$FFHSWDQFHRI6FKHGXOHV
(OHFWURQLF6XEPLWWDOV
$UWLFOH±&RQWUDFW'RFXPHQWV,QWHQW$PHQGLQJ5HXVH
,QWHQW
5HIHUHQFH6WDQGDUGV
5HSRUWLQJDQG5HVROYLQJ'LVFUHSDQFLHV
$PHQGLQJDQG6XSSOHPHQWLQJ&RQWUDFW'RFXPHQWV
5HXVHRI'RFXPHQWV
(OHFWURQLF'DWD
$UWLFOH±$YDLODELOLW\RI/DQGV6XEVXUIDFHDQG3K\VLFDO&RQGLWLRQV+D]DUGRXV(QYLURQPHQWDO
&RQGLWLRQV5HIHUHQFH3RLQWV
$YDLODELOLW\RI/DQGV
6XEVXUIDFHDQG3K\VLFDO&RQGLWLRQV
'LIIHULQJ6XEVXUIDFHRU3K\VLFDO&RQGLWLRQV
8QGHUJURXQG)DFLOLWLHV
+D]DUGRXV(QYLURQPHQWDO&RQGLWLRQDW6LWH
$UWLFOH±%RQGVDQG,QVXUDQFH
/LFHQVHG6XUHWLHVDQG,QVXUHUV
3HUIRUPDQFH3D\PHQWDQG0DLQWHQDQFH%RQGV
&HUWLILFDWHVRI,QVXUDQFH
&RQWUDFWRU¶V,QVXUDQFH
$FFHSWDQFHRI%RQGVDQG,QVXUDQFH2SWLRQWR5HSODFH
$UWLFOH±&RQWUDFWRU¶V5HVSRQVLELOLWLHV
6XSHUYLVLRQDQG6XSHULQWHQGHQFH
DocuSign Envelope ID: AE73A2C9-2DA1-4E69-954D-5B1574F66708
&,7<2)'(1721
67$1'$5'&216758&7,2163(&,),&$7,21'2&80(176
5HYLVHG6HSWHPEHU
/DERU:RUNLQJ+RXUV
6HUYLFHV0DWHULDOVDQG(TXLSPHQW
3URMHFW6FKHGXOH
6XEVWLWXWHVDQG³2U(TXDOV´
&RQFHUQLQJ6XEFRQWUDFWRUV6XSSOLHUVDQG2WKHUV
:DJH5DWHV
3DWHQW)HHVDQG5R\DOWLHV
3HUPLWVDQG8WLOLWLHV
/DZVDQG5HJXODWLRQV
7D[HV
8VHRI6LWHDQG2WKHU$UHDV
5HFRUG'RFXPHQWV
6DIHW\DQG3URWHFWLRQ
6DIHW\5HSUHVHQWDWLYH
+D]DUG&RPPXQLFDWLRQ3URJUDPV
(PHUJHQFLHVDQGRU5HFWLILFDWLRQ
6XEPLWWDOV
&RQWLQXLQJWKH:RUN
&RQWUDFWRU¶V*HQHUDO:DUUDQW\DQG*XDUDQWHH
,QGHPQLILFDWLRQ
'HOHJDWLRQRI3URIHVVLRQDO'HVLJQ6HUYLFHV
5LJKWWR$XGLW
1RQGLVFULPLQDWLRQ
$UWLFOH±2WKHU:RUNDWWKH6LWH
5HODWHG:RUNDW6LWH
&RRUGLQDWLRQ
$UWLFOH±&LW\¶V5HVSRQVLELOLWLHV
&RPPXQLFDWLRQVWR&RQWUDFWRU
)XUQLVK'DWD
3D\:KHQ'XH
/DQGVDQG(DVHPHQWV5HSRUWVDQG7HVWV
&KDQJH2UGHUV
,QVSHFWLRQV7HVWVDQG$SSURYDOV
/LPLWDWLRQVRQ&LW\¶V5HVSRQVLELOLWLHV
8QGLVFORVHG+D]DUGRXV(QYLURQPHQWDO&RQGLWLRQ
&RPSOLDQFHZLWK6DIHW\3URJUDP
$UWLFOH±&LW\¶V2EVHUYDWLRQ6WDWXV'XULQJ&RQVWUXFWLRQ
&LW\¶V3URMHFW0DQDJHU««
9LVLWVWR6LWH
$XWKRUL]HG9DULDWLRQVLQ:RUN
5HMHFWLQJ'HIHFWLYH:RUN
'HWHUPLQDWLRQVIRU:RUN3HUIRUPHG
'HFLVLRQVRQ5HTXLUHPHQWVRI&RQWUDFW'RFXPHQWVDQG$FFHSWDELOLW\RI:RUN
DocuSign Envelope ID: AE73A2C9-2DA1-4E69-954D-5B1574F66708
&,7<2)'(1721
67$1'$5'&216758&7,2163(&,),&$7,21'2&80(176
5HYLVHG6HSWHPEHU
$UWLFOH±&KDQJHVLQWKH:RUN&ODLPV([WUD:RUN
$XWKRUL]HG&KDQJHVLQWKH:RUN
8QDXWKRUL]HG&KDQJHVLQWKH:RUN
([HFXWLRQRI&KDQJH2UGHUV
([WUD:RUN
1RWLILFDWLRQWR6XUHW\
&RQWUDFW&ODLPV3URFHVV
$UWLFOH±&RVWRIWKH:RUN$OORZDQFHV8QLW3ULFH:RUN3ODQV4XDQWLW\0HDVXUHPHQW
&RVWRIWKH:RUN
$OORZDQFHV
8QLW3ULFH:RUN
3ODQV4XDQWLW\0HDVXUHPHQW
$UWLFOH±&KDQJHRI&RQWUDFW3ULFH&KDQJHRI&RQWUDFW7LPH
&KDQJHRI&RQWUDFW3ULFH
&KDQJHRI&RQWUDFW7LPH
'HOD\V
$UWLFOH±7HVWVDQG,QVSHFWLRQV&RUUHFWLRQ5HPRYDORU$FFHSWDQFHRI'HIHFWLYH:RUN
1RWLFHRI'HIHFWV
$FFHVVWR:RUN
7HVWVDQG,QVSHFWLRQV
8QFRYHULQJ:RUN
&LW\0D\6WRSWKH:RUN
&RUUHFWLRQRU5HPRYDORI'HIHFWLYH:RUN
&RUUHFWLRQ3HULRG
$FFHSWDQFHRI'HIHFWLYH:RUN
&LW\0D\&RUUHFW'HIHFWLYH:RUN
$UWLFOH±3D\PHQWVWR&RQWUDFWRUDQG&RPSOHWLRQ
6FKHGXOHRI9DOXHV
3URJUHVV3D\PHQWV
&RQWUDFWRU¶V:DUUDQW\RI7LWOH
3DUWLDO8WLOL]DWLRQ
)LQDO,QVSHFWLRQ
)LQDO$FFHSWDQFH
)LQDO3D\PHQW
)LQDO&RPSOHWLRQ'HOD\HGDQG3DUWLDO5HWDLQDJH5HOHDVH
:DLYHURI&ODLPV
$UWLFOH±6XVSHQVLRQRI:RUNDQG7HUPLQDWLRQ
&LW\0D\6XVSHQG:RUN
&LW\0D\7HUPLQDWHIRU&DXVH
&LW\0D\7HUPLQDWH)RU&RQYHQLHQFH
DocuSign Envelope ID: AE73A2C9-2DA1-4E69-954D-5B1574F66708
&,7<2)'(1721
67$1'$5'&216758&7,2163(&,),&$7,21'2&80(176
5HYLVHG6HSWHPEHU
$UWLFOH±'LVSXWH5HVROXWLRQ
0HWKRGVDQG3URFHGXUHV
$UWLFOH±0LVFHOODQHRXV
*LYLQJ1RWLFH
&RPSXWDWLRQRI7LPHV
&XPXODWLYH5HPHGLHV
6XUYLYDORI2EOLJDWLRQV
+HDGLQJV
DocuSign Envelope ID: AE73A2C9-2DA1-4E69-954D-5B1574F66708
*(1(5$/&21',7,216
3DJHRI
&,7<2)'(1721
67$1'$5'&216758&7,2163(&,),&$7,21'2&80(176
5HYLVHG6HSWHPEHU
$57,&/(±'(),1,7,216$1'7(50,12/2*<
'HILQHG7HUPV
$:KHUHYHUXVHGLQWKHVH*HQHUDO&RQGLWLRQVRULQRWKHU&RQWUDFW'RFXPHQWVWKHWHUPVOLVWHG
EHORZKDYHWKHPHDQLQJVLQGLFDWHGZKLFKDUHDSSOLFDEOHWRERWKWKHVLQJXODUDQGSOXUDOWKHUHRI
DQGZRUGVGHQRWLQJJHQGHUVKDOOLQFOXGHWKHPDVFXOLQHIHPLQLQHDQGQHXWHU6DLGWHUPVDUH
JHQHUDOO\FDSLWDOL]HGRUZULWWHQLQLWDOLFVEXWQRWDOZD\V:KHQXVHGLQDFRQWH[WFRQVLVWHQWZLWK
WKHGHILQLWLRQRIDOLVWHGGHILQHGWHUPWKHWHUPVKDOOKDYHDPHDQLQJDVGHILQHGEHORZZKHWKHU
FDSLWDOL]HGRULWDOLFL]HGRURWKHUZLVH,QDGGLWLRQWRWHUPVVSHFLILFDOO\GHILQHGWHUPVZLWKLQLWLDO
FDSLWDOOHWWHUVLQWKH&RQWUDFW'RFXPHQWVLQFOXGHUHIHUHQFHVWRLGHQWLILHGDUWLFOHVDQGSDUDJUDSKV
DQGWKHWLWOHVRIRWKHUGRFXPHQWVRUIRUPV
$GGHQGD²:ULWWHQRUJUDSKLFLQVWUXPHQWVLVVXHGSULRUWRWKHRSHQLQJRI%LGVZKLFKFODULI\
FRUUHFWRUFKDQJHWKH%LGGLQJ5HTXLUHPHQWVRUWKHSURSRVHG&RQWUDFW'RFXPHQWV
$JUHHPHQW²7KHZULWWHQLQVWUXPHQWZKLFKLVHYLGHQFHRIWKHDJUHHPHQWEHWZHHQ&LW\DQG
&RQWUDFWRUFRYHULQJWKH:RUN
$SSOLFDWLRQIRU3D\PHQW²7KHIRUPDFFHSWDEOHWR&LW\ZKLFKLVWREHXVHGE\&RQWUDFWRU
GXULQJWKHFRXUVHRIWKH:RUNLQUHTXHVWLQJSURJUHVVRUILQDOSD\PHQWVDQGZKLFKLVWREH
DFFRPSDQLHGE\VXFKVXSSRUWLQJGRFXPHQWDWLRQDVLVUHTXLUHGE\WKH&RQWUDFW'RFXPHQWV
$VEHVWRV²$Q\PDWHULDOWKDWFRQWDLQVPRUHWKDQRQHSHUFHQWDVEHVWRVDQGLVIULDEOHRULV
UHOHDVLQJDVEHVWRVILEHUVLQWRWKHDLUDERYHFXUUHQWDFWLRQOHYHOVHVWDEOLVKHGE\WKH8QLWHG
6WDWHV2FFXSDWLRQDO6DIHW\DQG+HDOWK$GPLQLVWUDWLRQ
$ZDUG±$XWKRUL]DWLRQE\WKH&LW\&RXQFLOIRUWKH&LW\WRHQWHULQWRDQ$JUHHPHQW
%LG²7KHRIIHURUSURSRVDORID%LGGHUVXEPLWWHGRQWKHSUHVFULEHGIRUPVHWWLQJIRUWKWKH
SULFHVIRUWKH:RUNWREHSHUIRUPHG
%LGGHU²7KHLQGLYLGXDORUHQWLW\ZKRVXEPLWVD%LGGLUHFWO\WR&LW\
%LGGLQJ'RFXPHQWV²7KH%LGGLQJ5HTXLUHPHQWVDQGWKH SURSRVHG &RQWUDFW 'RFXPHQWV
LQFOXGLQJDOO$GGHQGD
%LGGLQJ5HTXLUHPHQWV²7KHDGYHUWLVHPHQWRU,QYLWDWLRQWR%LG,QVWUXFWLRQVWR%LGGHUV%LG
VHFXULW\RIDFFHSWDEOHIRUPLIDQ\DQGWKH%LG)RUPZLWKDQ\VXSSOHPHQWV
%XVLQHVV'D\±$EXVLQHVVGD\LVGHILQHGDVDGD\WKDWWKH&LW\FRQGXFWVQRUPDOEXVLQHVV
JHQHUDOO\0RQGD\WKURXJK)ULGD\H[FHSWIRUIHGHUDORUVWDWHKROLGD\VREVHUYHGE\WKH&LW\
&DOHQGDU'D\±$GD\FRQVLVWLQJRIKRXUVPHDVXUHGIURPPLGQLJKWWRWKHQH[WPLGQLJKW
DocuSign Envelope ID: AE73A2C9-2DA1-4E69-954D-5B1574F66708
*(1(5$/&21',7,216
3DJHRI
&,7<2)'(1721
67$1'$5'&216758&7,2163(&,),&$7,21'2&80(176
5HYLVHG6HSWHPEHU
&KDQJH2UGHU²$GRFXPHQWZKLFKLVSUHSDUHGDQGDSSURYHGE\WKH&LW\ZKLFKLVVLJQHG
E\&RQWUDFWRUDQG&LW\DQGDXWKRUL]HVDQDGGLWLRQGHOHWLRQRUUHYLVLRQLQWKH:RUNRUDQ
DGMXVWPHQWLQWKH&RQWUDFW3ULFHRUWKH&RQWUDFW7LPHLVVXHGRQRUDIWHUWKH(IIHFWLYH'DWH
RIWKH$JUHHPHQW
&LW\²7KH&LW\RI'HQWRQLVD7H[DVKRPHUXOHPXQLFLSDOFRUSRUDWLRQDFWLQJE\LWV&LW\
&RXQFLOWKURXJKLWV&LW\0DQDJHURUKLVGHVLJQHH
&LW\$WWRUQH\±7KHRIILFLDOO\DSSRLQWHG&LW\$WWRUQH\RIWKH&LW\RI'HQWRQ7H[DVRUKLV
GXO\DXWKRUL]HGUHSUHVHQWDWLYH
&LW\ &RXQFLO 7KH GXO\ HOHFWHG DQG TXDOLILHG JRYHUQLQJ ERG\ RI WKH &LW\ RI'HQWRQ
7H[DV
&LW\0DQDJHU±7KHRIILFLDOO\DSSRLQWHGDQGDXWKRUL]HG&LW\0DQDJHURIWKH&LW\RI
'HQWRQ7H[DVRUKLVGXO\DXWKRUL]HGUHSUHVHQWDWLYH
&RQWUDFW&ODLP²$GHPDQGRUDVVHUWLRQE\&LW\RU&RQWUDFWRUVHHNLQJDQDGMXVWPHQWRI
&RQWUDFW3ULFHRU&RQWUDFW7LPHRUERWKRURWKHUUHOLHIZLWKUHVSHFWWRWKHWHUPVRIWKH
&RQWUDFW$GHPDQGIRUPRQH\RUVHUYLFHVE\DWKLUGSDUW\LVQRWD&RQWUDFW&ODLP
&RQWUDFW²7KH HQWLUH DQG LQWHJUDWHG ZULWWHQ GRFXPHQW EHWZHHQ WKH &LW\ DQG &RQWUDFWRU
FRQFHUQLQJWKH:RUN7KH&RQWUDFWFRQWDLQVWKH$JUHHPHQWDQGDOO&RQWUDFW'RFXPHQWVDQG
VXSHUVHGHVSULRUQHJRWLDWLRQVUHSUHVHQWDWLRQVRUDJUHHPHQWVZKHWKHUZULWWHQRURUDO
&RQWUDFW'RFXPHQWV²7KRVHLWHPVVRGHVLJQDWHGLQWKH$JUHHPHQW$OOLWHPVOLVWHGLQWKH
$JUHHPHQWDUH&RQWUDFW'RFXPHQWV$SSURYHG6XEPLWWDOVRWKHU&RQWUDFWRUVXEPLWWDOVDQG
WKHUHSRUWVDQGGUDZLQJVRIVXEVXUIDFHDQGSK\VLFDOFRQGLWLRQVDUHQRW&RQWUDFW'RFXPHQWV
&RQWUDFW3ULFH²7KHPRQH\VSD\DEOHE\&LW\WR&RQWUDFWRUIRUFRPSOHWLRQRIWKH:RUNLQ
DFFRUGDQFH ZLWK WKH &RQWUDFW 'RFXPHQWV DV VWDWHG LQ WKH $JUHHPHQW VXEMHFW WR WKH
SURYLVLRQVRI3DUDJUDSKLQWKHFDVHRI8QLW3ULFH:RUN
&RQWUDFW7LPH²7KHQXPEHURIGD\VRUWKHGDWHVVWDWHGLQWKH$JUHHPHQWWR LDFKLHYH
0LOHVWRQHVLIDQ\DQGLLFRPSOHWHWKH:RUNVRWKDWLWLVUHDG\IRU)LQDO$FFHSWDQFH
&RQWUDFWRU²7KHLQGLYLGXDORUHQWLW\ZLWKZKRP&LW\KDVHQWHUHGLQWRWKH$JUHHPHQW
&RVWRIWKH:RUN²6HH3DUDJUDSKRIWKHVH*HQHUDO&RQGLWLRQVIRUGHILQLWLRQ
DocuSign Envelope ID: AE73A2C9-2DA1-4E69-954D-5B1574F66708
*(1(5$/&21',7,216
3DJHRI
&,7<2)'(1721
67$1'$5'&216758&7,2163(&,),&$7,21'2&80(176
5HYLVHG6HSWHPEHU
'DPDJH&ODLPV±$GHPDQGIRUPRQH\RUVHUYLFHVDULVLQJIURPWKH3URMHFWRU6LWHIURPD
WKLUGSDUW\&LW\RU&RQWUDFWRUH[FOXVLYHRID&RQWUDFW&ODLP
'D\RUGD\±$GD\XQOHVVRWKHUZLVHGHILQHGVKDOOPHDQD&DOHQGDU'D\
'UDZLQJV²7KDWSDUWRIWKH&RQWUDFW'RFXPHQWVSUHSDUHGRUDSSURYHGE\(QJLQHHUZKLFK
JUDSKLFDOO\ VKRZV WKH VFRSH H[WHQW DQG FKDUDFWHU RI WKH :RUNWR EH SHUIRUPHG E\
&RQWUDFWRU6XEPLWWDOVDUHQRW'UDZLQJVDVVRGHILQHG
(IIHFWLYH'DWHRIWKH$JUHHPHQW²7KHGDWHLQGLFDWHGLQWKH$JUHHPHQWRQZKLFKLWEHFRPHV
HIIHFWLYHEXWLIQRVXFKGDWHLVLQGLFDWHGLWPHDQVWKHGDWHRQZKLFKWKH$JUHHPHQWLVVLJQHG
DQGGHOLYHUHGE\WKHODVWRIWKHWZRSDUWLHVWRVLJQDQGGHOLYHU
(QJLQHHU²7KHOLFHQVHGSURIHVVLRQDOHQJLQHHURUHQJLQHHULQJILUPUHJLVWHUHGLQWKH6WDWHRI
7H[DVSHUIRUPLQJSURIHVVLRQDOVHUYLFHVIRUWKH&LW\
([WUD:RUN±$GGLWLRQDOZRUNPDGHQHFHVVDU\E\FKDQJHVRUDOWHUDWLRQVRIWKH&RQWUDFW
'RFXPHQWV RU TXDQWLWLHV RU IRU RWKHU UHDVRQV IRU ZKLFK QR SULFHV DUH SURYLGHG LQ WKH
&RQWUDFW'RFXPHQWV([WUDZRUNVKDOOEHSDUWRIWKH:RUN
)LHOG 2UGHU²$ZULWWHQRUGHULVVXHG E\&LW\ZKLFK UHTXLUHV FKDQJHV LQWKH:RUN EXW
ZKLFKGRHVQRWLQYROYHDFKDQJHLQWKH&RQWUDFW3ULFH&RQWUDFW7LPHRUWKHLQWHQWRIWKH
(QJLQHHU
)LQDO$FFHSWDQFH±7KHZULWWHQQRWLFHJLYHQE\WKH&LW\WRWKH&RQWUDFWRUWKDWWKH:RUN
VSHFLILHGLQWKH&RQWUDFW'RFXPHQWVKDVEHHQFRPSOHWHGWRWKHVDWLVIDFWLRQRIWKH&LW\
)LQDO ,QVSHFWLRQ ±,QVSHFWLRQ FDUULHG RXW E\ WKH &LW\ WR YHULI\ WKDW WKH &RQWUDFWRU KDV
FRPSOHWHGWKH:RUNDQGHDFKDQGHYHU\SDUWRUDSSXUWHQDQFHWKHUHRIIXOO\HQWLUHO\DQGLQ
FRQIRUPDQFHZLWKWKH&RQWUDFW'RFXPHQWV
*HQHUDO5HTXLUHPHQWV²6HFWLRQVRI'LYLVLRQRIWKH&RQWUDFW'RFXPHQWV
+D]DUGRXV(QYLURQPHQWDO&RQGLWLRQ²7KHSUHVHQFHDWWKH6LWH RI $VEHVWRV3&%V
3HWUROHXP+D]DUGRXV:DVWH5DGLRDFWLYH0DWHULDORURWKHUPDWHULDOVLQVXFKTXDQWLWLHVRU
FLUFXPVWDQFHVWKDWPD\SUHVHQWDVXEVWDQWLDOGDQJHUWRSHUVRQVRUSURSHUW\H[SRVHGWKHUHWR
+D]DUGRXV:DVWH²+D]DUGRXVZDVWHLVGHILQHGDVDQ\VROLGZDVWHOLVWHGDVKD]DUGRXVRU
SRVVHVVHVRQHRUPRUHKD]DUGRXVFKDUDFWHULVWLFVDVGHILQHGLQWKHIHGHUDOZDVWHUHJXODWLRQV
DVDPHQGHGIURPWLPHWRWLPH
,QFLGHQWDO±:RUNLWHPVWKDWWKH&RQWUDFWRULVQRWSDLGIRUGLUHFWO\EXWFRVWVIRUZKLFKDUH
LQFOXGHGXQGHUWKHYDULRXVELGLWHPVRIWKH3URMHFW
DocuSign Envelope ID: AE73A2C9-2DA1-4E69-954D-5B1574F66708
*(1(5$/&21',7,216
3DJHRI
&,7<2)'(1721
67$1'$5'&216758&7,2163(&,),&$7,21'2&80(176
5HYLVHG6HSWHPEHU
/DZVDQG5HJXODWLRQV²$Q\DQGDOODSSOLFDEOHODZVUXOHVUHJXODWLRQVRUGLQDQFHVFRGHV
DQG RUGHUV RI DQ\ DQG DOO JRYHUQPHQWDO ERGLHV DJHQFLHV DXWKRULWLHV DQG FRXUWV KDYLQJ
MXULVGLFWLRQ
/LHQV²&KDUJHVVHFXULW\LQWHUHVWV RU HQFXPEUDQFHVXSRQ3URMHFWIXQGVUHDOSURSHUW\RU
SHUVRQDOSURSHUW\
0DMRU,WHP±$Q,WHPRIZRUNLQFOXGHGLQWKH&RQWUDFW'RFXPHQWVWKDWKDVDWRWDOFRVWHTXDO
WRRUJUHDWHUWKDQRIWKHRULJLQDO&RQWUDFW3ULFHRUZKLFKHYHULVOHVV
0LOHVWRQH²$SULQFLSDOHYHQWVSHFLILHGLQWKH&RQWUDFW'RFXPHQWVUHODWLQJWRDQLQWHUPHGLDWH
&RQWUDFW7LPHSULRUWR)LQDO$FFHSWDQFHRIWKH:RUN
1RWLFH RI $ZDUG²7KHZULWWHQQRWLFHE\&LW\WRWKH6XFFHVVIXO%LGGHUVWDWLQJWKDWXSRQ
WLPHO\FRPSOLDQFHE\WKH6XFFHVVIXO%LGGHUZLWKWKHFRQGLWLRQVSUHFHGHQWOLVWHGWKHUHLQ&LW\
ZLOOVLJQDQGGHOLYHUWKH$JUHHPHQW
1RWLFHWR3URFHHG²$ZULWWHQQRWLFHJLYHQE\&LW\WR&RQWUDFWRUIL[LQJWKHGDWHRQZKLFKWKH
&RQWUDFW7LPHZLOOFRPPHQFHWRUXQDQGRQZKLFK&RQWUDFWRUVKDOOVWDUWWRSHUIRUPWKH
:RUNVSHFLILHGLQ&RQWUDFW'RFXPHQWV
3&%V²3RO\FKORULQDWHGELSKHQ\OV
3HWUROHXP²3HWUROHXPLQFOXGLQJFUXGHRLORUDQ\IUDFWLRQWKHUHRIZKLFKLVOLTXLGDWVWDQGDUG
FRQGLWLRQVRIWHPSHUDWXUHDQGSUHVVXUHGHJUHHV)DKUHQKHLWDQGSRXQGVSHUVTXDUH
LQFKDEVROXWHVXFKDVRLOSHWUROHXPIXHORLORLOVOXGJHRLOUHIXVHJDVROLQHNHURVHQHDQG
RLOPL[HGZLWKRWKHUQRQ+D]DUGRXV:DVWHDQGFUXGHRLOV
3ODQV±6HHGHILQLWLRQRI'UDZLQJV
3URMHFW6FKHGXOH²$VFKHGXOHSUHSDUHGDQGPDLQWDLQHGE\&RQWUDFWRULQDFFRUGDQFHZLWK
WKH*HQHUDO5HTXLUHPHQWVGHVFULELQJWKHVHTXHQFHDQGGXUDWLRQRIWKHDFWLYLWLHVFRPSULVLQJ
WKH&RQWUDFWRU¶VSODQWRDFFRPSOLVKWKH:RUNZLWKLQWKH&RQWUDFW7LPH
3URMHFW²7KH:RUNWREHSHUIRUPHGXQGHUWKH&RQWUDFW'RFXPHQWV
3URMHFW0DQDJHU²7KHDXWKRUL]HGUHSUHVHQWDWLYHRIWKH&LW\ZKRZLOOEHDVVLJQHGWRWKH
3URMHFW
3URMHFW 0DQXDO ± 7KH GRFXPHQWDU\ LQIRUPDWLRQ SUHSDUHG IRU ELGGLQJ DQG IXUQLVKLQJ WKH
:RUN$OLVWLQJRIWKHFRQWHQWVRIWKH3URMHFW0DQXDOLVFRQWDLQHGLQLWV7DEOHRI&RQWHQWV
3XEOLF0HHWLQJ±$QDQQRXQFHGPHHWLQJFRQGXFWHGE\WKH&LW\WRIDFLOLWDWHSXEOLF
SDUWLFLSDWLRQDQGWRDVVLVWWKHSXEOLFLQJDLQLQJDQLQIRUPHGYLHZRIWKH3URMHFW
DocuSign Envelope ID: AE73A2C9-2DA1-4E69-954D-5B1574F66708
*(1(5$/&21',7,216
3DJHRI
&,7<2)'(1721
67$1'$5'&216758&7,2163(&,),&$7,21'2&80(176
5HYLVHG6HSWHPEHU
5DGLRDFWLYH 0DWHULDO²6RXUFH VSHFLDO QXFOHDU RU E\SURGXFW PDWHULDO DV GHILQHG E\ WKH
$WRPLF(QHUJ\$FWRI86&6HFWLRQHWVHTDVDPHQGHGIURPWLPHWRWLPH
5HJXODU:RUNLQJ+RXUV±([FOXGLQJOHJDOKROLGD\VUHJXODUZRUNLQJKRXUVVKDOOEH0RQGD\
WKUX)ULGD\EHWZHHQDPDQGSPIURP-XQHWR6HSWHPEHUDQGEHWZHHQ
DPDQGSPIURP2FWREHUWR0D\
6DPSOHV²3K\VLFDO H[DPSOHV RI PDWHULDOV HTXLSPHQW RU ZRUNPDQVKLS WKDW DUH
UHSUHVHQWDWLYHRIVRPHSRUWLRQRIWKH:RUNDQGZKLFKHVWDEOLVKWKHVWDQGDUGVE\ZKLFKVXFK
SRUWLRQRIWKH:RUNZLOOEHMXGJHG
6FKHGXOHRI6XEPLWWDOV²$ VFKHGXOH SUHSDUHG DQG PDLQWDLQHG E\ &RQWUDFWRU RI UHTXLUHG
VXEPLWWDOV DQG WKH WLPH UHTXLUHPHQWV WR VXSSRUW VFKHGXOHG SHUIRUPDQFH RI UHODWHG
FRQVWUXFWLRQDFWLYLWLHV
6FKHGXOHRI9DOXHV²$VFKHGXOHSUHSDUHGDQGPDLQWDLQHGE\&RQWUDFWRUDOORFDWLQJSRUWLRQV
RIWKH&RQWUDFW3ULFHWRYDULRXVSRUWLRQVRIWKH:RUNDQGXVHGDVWKHEDVLVIRUUHYLHZLQJ
&RQWUDFWRU¶V$SSOLFDWLRQVIRU3D\PHQW
6LWH²/DQGVRUDUHDVLQGLFDWHGLQWKH&RQWUDFW'RFXPHQWVDVEHLQJIXUQLVKHGE\&LW\XSRQ
ZKLFKWKH:RUNLVWREHSHUIRUPHGLQFOXGLQJULJKWVRIZD\SHUPLWVDQGHDVHPHQWVIRU
DFFHVVWKHUHWRDQGVXFKRWKHUODQGVIXUQLVKHGE\&LW\ZKLFKDUHGHVLJQDWHGIRUWKHXVHRI
&RQWUDFWRU
6SHFLILFDWLRQV²7KDWSDUWRIWKH&RQWUDFW'RFXPHQWVFRQVLVWLQJRIZULWWHQUHTXLUHPHQWVIRU
PDWHULDOV HTXLSPHQW V\VWHPV VWDQGDUGV DQG ZRUNPDQVKLS DV DSSOLHG WR WKH :RUN DQG
FHUWDLQDGPLQLVWUDWLYHUHTXLUHPHQWVDQGSURFHGXUDOPDWWHUVDSSOLFDEOHWKHUHWR6SHFLILFDWLRQV
PD\EHVSHFLILFDOO\PDGHDSDUWRIWKH&RQWUDFW'RFXPHQWVE\DWWDFKPHQWRULIQRWDWWDFKHG
PD\EHLQFRUSRUDWHGE\UHIHUHQFHDVLQGLFDWHGLQWKH7DEOHRI&RQWHQWV'LYLVLRQ
RIHDFK3URMHFW
6XEFRQWUDFWRU²$QLQGLYLGXDORUHQWLW\KDYLQJDGLUHFWFRQWUDFWZLWK&RQWUDFWRURUZLWKDQ\
RWKHU6XEFRQWUDFWRUIRUWKHSHUIRUPDQFHRIDSDUWRIWKH:RUNDWWKH6LWH
6XEPLWWDOV²$OOGUDZLQJVGLDJUDPVLOOXVWUDWLRQVVFKHGXOHVDQGRWKHUGDWDRULQIRUPDWLRQ
ZKLFK DUH VSHFLILFDOO\ SUHSDUHG RU DVVHPEOHG E\ RU IRU &RQWUDFWRU DQG VXEPLWWHG E\
&RQWUDFWRUWRLOOXVWUDWHVRPHSRUWLRQRIWKH:RUN
6XEVLGLDU\±6HHGHILQLWLRQRI,QFLGHQWDO
6XFFHVVIXO%LGGHU²7KH%LGGHUVXEPLWWLQJWKHORZHVWDQGPRVWUHVSRQVLYH%LGWRZKRP&LW\
PDNHVDQ$ZDUG
6XSHULQWHQGHQW±7KHUHSUHVHQWDWLYHRIWKH&RQWUDFWRUZKRLVDYDLODEOHDWDOOWLPHVDQGDEOH
WRUHFHLYHLQVWUXFWLRQVIURPWKH&LW\DQGWRDFWIRUWKH&RQWUDFWRU
DocuSign Envelope ID: AE73A2C9-2DA1-4E69-954D-5B1574F66708
*(1(5$/&21',7,216
3DJHRI
&,7<2)'(1721
67$1'$5'&216758&7,2163(&,),&$7,21'2&80(176
5HYLVHG6HSWHPEHU
6XSSOHPHQWDU\&RQGLWLRQV²7KDW SDUW RI WKH &RQWUDFW 'RFXPHQWV ZKLFK DPHQGV RU
VXSSOHPHQWVWKHVH*HQHUDO&RQGLWLRQV
6XSSOLHU²$PDQXIDFWXUHUIDEULFDWRUVXSSOLHUGLVWULEXWRUPDWHULDOPDQRUYHQGRUKDYLQJD
GLUHFWFRQWUDFWZLWK&RQWUDFWRURUZLWKDQ\6XEFRQWUDFWRUWRIXUQLVKPDWHULDOVRUHTXLSPHQW
WREHLQFRUSRUDWHGLQWKH:RUNE\&RQWUDFWRURU6XEFRQWUDFWRU
8QGHUJURXQG)DFLOLWLHV²$OOXQGHUJURXQGSLSHOLQHVFRQGXLWVGXFWVFDEOHVZLUHV
PDQKROHVYDXOWVWDQNVWXQQHOVRURWKHUVXFKIDFLOLWLHVRUDWWDFKPHQWVDQGDQ\HQFDVHPHQWV
FRQWDLQLQJVXFKIDFLOLWLHVLQFOXGLQJEXWQRWOLPLWHGWRWKRVHWKDWFRQYH\HOHFWULFLW\JDVHV
VWHDPOLTXLGSHWUROHXPSURGXFWVWHOHSKRQHRURWKHUFRPPXQLFDWLRQVFDEOHWHOHYLVLRQ
ZDWHUZDVWHZDWHUVWRUPZDWHURWKHUOLTXLGVRUFKHPLFDOVRUWUDIILFRURWKHUFRQWUROV\VWHPV
8QLW3ULFH:RUN²6HH3DUDJUDSKRIWKHVH*HQHUDO&RQGLWLRQVIRUGHILQLWLRQ
:HHNHQG:RUNLQJ+RXUV±+RXUVEHWZHHQDPDQGSP6DWXUGD\DQGEHWZHHQ
SPDQGSP6XQGD\RUOHJDOKROLGD\DVDSSURYHGLQDGYDQFHE\WKH&LW\
:RUN²7KHHQWLUHFRQVWUXFWLRQRUWKHYDULRXVVHSDUDWHO\LGHQWLILDEOHSDUWVWKHUHRIUHTXLUHGWR
EHSURYLGHGXQGHUWKH&RQWUDFW'RFXPHQWV:RUNLQFOXGHVDQGLVWKHUHVXOWRISHUIRUPLQJRU
SURYLGLQJ DOO ODERU VHUYLFHV DQG GRFXPHQWDWLRQ QHFHVVDU\ WR SURGXFH VXFK FRQVWUXFWLRQ
LQFOXGLQJDQ\&KDQJH2UGHURU)LHOG2UGHUDQGIXUQLVKLQJLQVWDOOLQJDQGLQFRUSRUDWLQJDOO
PDWHULDOVDQGHTXLSPHQWLQWRVXFKFRQVWUXFWLRQDOODVUHTXLUHGE\WKH&RQWUDFW'RFXPHQWV
:RUNLQJ'D\±$ZRUNLQJGD\LVGHILQHGDVDGD\QRWLQFOXGLQJ6DWXUGD\V6XQGD\VRUOHJDO
KROLGD\VDXWKRUL]HGE\WKH&LW\IRUFRQWUDFWSXUSRVHVLQZKLFKZHDWKHURURWKHUFRQGLWLRQV
QRWXQGHUWKHFRQWURORIWKH&RQWUDFWRUZLOOSHUPLWWKHSHUIRUPDQFHRIWKHSULQFLSDOXQLWRI
ZRUNXQGHUZD\IRUDFRQWLQXRXVSHULRGRIQRWOHVVWKDQKRXUVEHWZHHQDPDQGSP
7HUPLQRORJ\
$7KHZRUGVDQGWHUPVGLVFXVVHGLQ3DUDJUDSK%WKURXJK(DUHQRWGHILQHGEXWZKHQXVHGLQ
WKH%LGGLQJ5HTXLUHPHQWVRU&RQWUDFW'RFXPHQWVKDYHWKHLQGLFDWHGPHDQLQJ
%,QWHQWRI&HUWDLQ7HUPVRU$GMHFWLYHV
7KH&RQWUDFW'RFXPHQWVLQFOXGHWKHWHUPV³DVDOORZHG´³DVDSSURYHG´³DVRUGHUHG´³DV
GLUHFWHG´RUWHUPVRIOLNHHIIHFWRULPSRUWWRDXWKRUL]HDQH[HUFLVHRIMXGJPHQWE\&LW\,Q
DGGLWLRQWKHDGMHFWLYHV ³UHDVRQDEOH´ ³VXLWDEOH´³DFFHSWDEOH´ ³SURSHU´ ³VDWLVIDFWRU\´RU
DGMHFWLYHVRIOLNHHIIHFWRULPSRUWDUHXVHGWRGHVFULEHDQDFWLRQRUGHWHUPLQDWLRQRI&LW\DVWR
WKH:RUN,WLVLQWHQGHGWKDWVXFKH[HUFLVHRISURIHVVLRQDOMXGJPHQWDFWLRQRUGHWHUPLQDWLRQ
ZLOOEHVROHO\WRHYDOXDWHLQJHQHUDOWKH:RUNIRUFRPSOLDQFHZLWKWKHLQIRUPDWLRQLQWKH
&RQWUDFW'RFXPHQWVDQGZLWKWKHGHVLJQFRQFHSWRIWKH3URMHFWDVDIXQFWLRQLQJZKROHDV
VKRZQRULQGLFDWHGLQWKH&RQWUDFW'RFXPHQWVXQOHVVWKHUHLVDVSHFLILFVWDWHPHQWLQGLFDWLQJ
RWKHUZLVH
DocuSign Envelope ID: AE73A2C9-2DA1-4E69-954D-5B1574F66708
*(1(5$/&21',7,216
3DJHRI
&,7<2)'(1721
67$1'$5'&216758&7,2163(&,),&$7,21'2&80(176
5HYLVHG6HSWHPEHU
&'HIHFWLYH
7KH ZRUG ³GHIHFWLYH´ ZKHQ PRGLI\LQJ WKH ZRUG ³:RUN´ UHIHUVWR:RUNWKDWLV
XQVDWLVIDFWRU\IDXOW\RUGHILFLHQWLQWKDWLW
DGRHVQRWFRQIRUPWRWKH&RQWUDFW'RFXPHQWVRU
EGRHVQRWPHHWWKHUHTXLUHPHQWVRIDQ\DSSOLFDEOHLQVSHFWLRQUHIHUHQFHVWDQGDUGWHVWRU
DSSURYDOUHIHUUHGWRLQWKH&RQWUDFW'RFXPHQWVRU
FKDVEHHQGDPDJHGSULRUWR&LW\¶VZULWWHQDFFHSWDQFH
')XUQLVK,QVWDOO3HUIRUP3URYLGH
7KHZRUG³)XUQLVK´RUWKHZRUG³,QVWDOO´RUWKHZRUG³3HUIRUP´RUWKHZRUG³3URYLGH´RU
WKHZRUG³6XSSO\´RUDQ\FRPELQDWLRQRUVLPLODUGLUHFWLYHRUXVDJHWKHUHRIVKDOOPHDQ
IXUQLVKLQJDQGLQFRUSRUDWLQJLQWKH:RUNLQFOXGLQJDOOQHFHVVDU\ODERUPDWHULDOVHTXLSPHQW
DQGHYHU\WKLQJQHFHVVDU\WRSHUIRUPWKH:RUNLQGLFDWHGXQOHVVVSHFLILFDOO\OLPLWHGLQWKH
FRQWH[WXVHG
(8QOHVVVWDWHGRWKHUZLVHLQWKH&RQWUDFW'RFXPHQWVZRUGVRUSKUDVHVWKDWKDYHDZHOONQRZQ
WHFKQLFDO RU FRQVWUXFWLRQ LQGXVWU\ RU WUDGH PHDQLQJ DUH XVHG LQWKH&RQWUDFW'RFXPHQWVLQ
DFFRUGDQFHZLWKVXFKUHFRJQL]HGPHDQLQJ
$57,&/(±35(/,0,1$5<0$77(56
&RSLHVRI'RFXPHQWV
&LW\VKDOOIXUQLVKWR&RQWUDFWRURQHRULJLQDOH[HFXWHGFRS\DQGRQHHOHFWURQLFFRS\RIWKH
&RQWUDFW'RFXPHQWVDQGWKUHHDGGLWLRQDOFRSLHVRIWKH'UDZLQJV$GGLWLRQDOFRSLHVZLOOEH
IXUQLVKHGXSRQUHTXHVWDWWKHFRVWRIUHSURGXFWLRQ
&RPPHQFHPHQWRI&RQWUDFW7LPH1RWLFHWR3URFHHG
7KH&RQWUDFW7LPHZLOOFRPPHQFHWRUXQRQWKHGD\LQGLFDWHGLQWKH1RWLFHWR3URFHHG$1RWLFHWR
3URFHHGPD\EHJLYHQDWDQ\WLPHZLWKLQGD\VDIWHUWKH(IIHFWLYH'DWHRIWKH$JUHHPHQW
6WDUWLQJWKH:RUN
&RQWUDFWRUVKDOOVWDUWWRSHUIRUPWKH:RUNRQWKHGDWHZKHQWKH&RQWUDFW7LPHFRPPHQFHVWRUXQ
1R:RUNVKDOOEHGRQHDWWKH6LWHSULRUWRWKHGDWHRQZKLFKWKH&RQWUDFW7LPHFRPPHQFHVWRUXQ
%HIRUH6WDUWLQJ&RQVWUXFWLRQ
%DVHOLQH6FKHGXOHV6XEPLWLQDFFRUGDQFHZLWKWKH&RQWUDFW'RFXPHQWVDQGSULRUWRVWDUWLQJWKH
:RUN
DocuSign Envelope ID: AE73A2C9-2DA1-4E69-954D-5B1574F66708
*(1(5$/&21',7,216
3DJHRI
&,7<2)'(1721
67$1'$5'&216758&7,2163(&,),&$7,21'2&80(176
5HYLVHG6HSWHPEHU
3UHFRQVWUXFWLRQ&RQIHUHQFH
%HIRUHDQ\:RUNDWWKH6LWHLVVWDUWHGWKH&RQWUDFWRUVKDOODWWHQGD3UHFRQVWUXFWLRQ&RQIHUHQFHDV
VSHFLILHGLQWKH&RQWUDFW'RFXPHQWV
3XEOLF0HHWLQJ
&RQWUDFWRUPD\QRWPRELOL]HDQ\HTXLSPHQWPDWHULDOVRUUHVRXUFHVWRWKH6LWHSULRUWR&RQWUDFWRU
DWWHQGLQJWKH3XEOLF0HHWLQJDVVFKHGXOHGE\WKH&LW\
,QLWLDO$FFHSWDQFHRI6FKHGXOHV
1RSURJUHVVSD\PHQWVKDOOEHPDGHWR&RQWUDFWRUXQWLODFFHSWDEOHVFKHGXOHVDUHVXEPLWWHGWR&LW\LQ
DFFRUGDQFHZLWKWKH6FKHGXOH6SHFLILFDWLRQDVSURYLGHGLQWKH&RQWUDFW'RFXPHQWV
(OHFWURQLF6XEPLWWDOV
$([FHSWDVRWKHUZLVHVWDWHGHOVHZKHUHLQWKH&RQWUDFWWKH&LW\DQG&RQWUDFWRUPD\WUDQVPLWDQG
VKDOODFFHSW3URMHFWUHODWHGFRUUHVSRQGHQFHWH[WGDWDGRFXPHQWVGUDZLQJVLQIRUPDWLRQDQG
JUDSKLFVLQFOXGLQJEXWQRWOLPLWHGWR6KRS'UDZLQJVDQGRWKHUVXEPLWWDOVLQHOHFWURQLFPHGLDRU
GLJLWDOIRUPDW
%:KHQWUDQVPLWWLQJLWHPVLQHOHFWURQLFPHGLDRUGLJLWDOIRUPDWWKHWUDQVPLWWLQJSDUW\PDNHVQR
UHSUHVHQWDWLRQVDVWRORQJWHUPFRPSDWLELOLW\XVDELOLW\RUUHDGDELOLW\RIWKHLWHPVUHVXOWLQJIURP
WKHUHFLSLHQW¶VXVHRIVRIWZDUHDSSOLFDWLRQSDFNDJHVRSHUDWLQJV\VWHPVRUFRPSXWHUKDUGZDUH
GLIIHULQJIURPWKRVHXVHGLQWKHGUDIWLQJRUWUDQVPLWWDORIWKHLWHPVRUIURPWKRVHHVWDEOLVKHGLQ
DSSOLFDEOHWUDQVPLWWDOSURWRFROV
$57,&/(±&2175$&7'2&80(176 ,17(17$0(1',1*5(86(
,QWHQW
$7KH&RQWUDFW'RFXPHQWVDUHFRPSOHPHQWDU\ZKDWLVUHTXLUHGE\RQHLVDVELQGLQJDVLIUHTXLUHG
E\DOO
%,WLVWKHLQWHQWRIWKH&RQWUDFW'RFXPHQWVWRGHVFULEHDIXQFWLRQDOO\FRPSOHWHSURMHFWRUSDUW
WKHUHRI WR EH FRQVWUXFWHG LQ DFFRUGDQFH ZLWK WKH &RQWUDFW 'RFXPHQWV $Q\ ODERU
GRFXPHQWDWLRQ VHUYLFHV PDWHULDOV RU HTXLSPHQW WKDW UHDVRQDEO\ PD\ EH LQIHUUHG IURP WKH
&RQWUDFW'RFXPHQWVRUIURPSUHYDLOLQJFXVWRPRUWUDGHXVDJHDVEHLQJUHTXLUHGWRSURGXFHWKH
LQGLFDWHGUHVXOWZLOOEHSURYLGHGZKHWKHURUQRWVSHFLILFDOO\FDOOHGIRUDWQRDGGLWLRQDOFRVWWR
&LW\
&&ODULILFDWLRQVDQGLQWHUSUHWDWLRQVRIWKH&RQWUDFW'RFXPHQWVVKDOOEHLVVXHGE\&LW\
'7KH6SHFLILFDWLRQVPD\YDU\LQIRUPIRUPDWDQGVW\OH6RPH6SHFLILFDWLRQVHFWLRQVPD\EH
ZULWWHQLQYDU\LQJGHJUHHVRIVWUHDPOLQHGRUGHFODUDWLYHVW\OHDQGVRPHVHFWLRQVPD\EH
DocuSign Envelope ID: AE73A2C9-2DA1-4E69-954D-5B1574F66708
*(1(5$/&21',7,216
3DJHRI
&,7<2)'(1721
67$1'$5'&216758&7,2163(&,),&$7,21'2&80(176
5HYLVHG6HSWHPEHU
UHODWLYHO\ QDUUDWLYH E\ FRPSDULVRQ 2PLVVLRQ RI VXFK ZRUGV DQGSKUDVHV DV ³WKH &RQWUDFWRU
VKDOO´³LQFRQIRUPLW\ZLWK´³DVVKRZQ´RU³DVVSHFLILHG´DUHLQWHQWLRQDOLQVWUHDPOLQHG
VHFWLRQV2PLWWHGZRUGVDQGSKUDVHVVKDOOEHVXSSOLHGE\LQIHUHQFH6LPLODUW\SHVRISURYLVLRQV
PD\DSSHDULQYDULRXVSDUWVRIDVHFWLRQRUDUWLFOHVZLWKLQDSDUWGHSHQGLQJRQWKHIRUPDWRIWKH
VHFWLRQ7KH&RQWUDFWRUVKDOOQRWWDNHDGYDQWDJHRIDQ\YDULDWLRQRIIRUPIRUPDWRUVW\OHLQ
PDNLQJ&RQWUDFW&ODLPV
(7KHFURVVUHIHUHQFLQJRIVSHFLILFDWLRQVHFWLRQVXQGHUWKHVXESDUDJUDSKKHDGLQJ³5HODWHG
6HFWLRQVLQFOXGHEXWDUHQRWQHFHVVDULO\OLPLWHGWR´DQGHOVHZKHUHZLWKLQHDFK6SHFLILFDWLRQ
VHFWLRQLVSURYLGHGDVDQDLGDQGFRQYHQLHQFHWRWKH&RQWUDFWRU7KH&RQWUDFWRUVKDOOQRWUHO\RQ
WKHFURVVUHIHUHQFLQJSURYLGHGDQGVKDOOEHUHVSRQVLEOHWRFRRUGLQDWHWKHHQWLUH:RUNXQGHUWKH
&RQWUDFW 'RFXPHQWVDQGSURYLGHDFRPSOHWH3URMHFWZKHWKHURUQRWWKH FURVV UHIHUHQFLQJLV
SURYLGHGLQHDFKVHFWLRQRUZKHWKHURUQRWWKHFURVVUHIHUHQFLQJLVFRPSOHWH
5HIHUHQFH6WDQGDUGV
$6WDQGDUGV6SHFLILFDWLRQV&RGHV/DZVDQG5HJXODWLRQV
5HIHUHQFH WR VWDQGDUGV VSHFLILFDWLRQV PDQXDOV RU FRGHV RI DQ\ WHFKQLFDO VRFLHW\
RUJDQL]DWLRQRUDVVRFLDWLRQRUWR/DZVRU5HJXODWLRQVZKHWKHUVXFKUHIHUHQFHEHVSHFLILFRU
E\LPSOLFDWLRQVKDOOPHDQWKHVWDQGDUGVSHFLILFDWLRQPDQXDOFRGHRU/DZVRU5HJXODWLRQV
LQHIIHFWDWWKHWLPHRIRSHQLQJRI%LGVRURQWKH(IIHFWLYH'DWHRIWKH$JUHHPHQWLIWKHUH
ZHUHQR%LGVH[FHSWDVPD\EHRWKHUZLVHVSHFLILFDOO\VWDWHGLQWKH&RQWUDFW'RFXPHQWV
1RSURYLVLRQRIDQ\VXFKVWDQGDUGVSHFLILFDWLRQPDQXDORUFRGHRUDQ\LQVWUXFWLRQRID
6XSSOLHUVKDOOEHHIIHFWLYHWRFKDQJHWKHGXWLHVRUUHVSRQVLELOLWLHVRI&LW\&RQWUDFWRURUDQ\
RIWKHLUVXEFRQWUDFWRUVFRQVXOWDQWVDJHQWVRUHPSOR\HHVIURPWKRVHVHWIRUWKLQWKH&RQWUDFW
'RFXPHQWV1RVXFKSURYLVLRQRULQVWUXFWLRQVKDOOEHHIIHFWLYHWRDVVLJQWR&LW\RUDQ\RILWV
RIILFHUVGLUHFWRUVPHPEHUVSDUWQHUVHPSOR\HHVDJHQWVFRQVXOWDQWVRUVXEFRQWUDFWRUVDQ\
GXW\RUDXWKRULW\WRVXSHUYLVHRUGLUHFWWKHSHUIRUPDQFHRIWKH:RUNRUDQ\GXW\RUDXWKRULW\
WRXQGHUWDNHUHVSRQVLELOLW\LQFRQVLVWHQWZLWKWKHSURYLVLRQVRIWKH&RQWUDFW'RFXPHQWV
5HSRUWLQJDQG5HVROYLQJ'LVFUHSDQFLHV
$5HSRUWLQJ'LVFUHSDQFLHV
&RQWUDFWRU¶V5HYLHZRI&RQWUDFW'RFXPHQWV%HIRUH6WDUWLQJ:RUN %HIRUHXQGHUWDNLQJHDFK
SDUWRIWKH:RUN&RQWUDFWRUVKDOOFDUHIXOO\VWXG\DQGFRPSDUHWKH&RQWUDFW'RFXPHQWVDQG
FKHFN DQG YHULI\ SHUWLQHQW ILJXUHV WKHUHLQ DJDLQVW DOO DSSOLFDEOH ILHOG PHDVXUHPHQWV DQG
FRQGLWLRQV&RQWUDFWRUVKDOOSURPSWO\UHSRUWLQZULWLQJWR&LW\DQ\FRQIOLFWHUURUDPELJXLW\
RUGLVFUHSDQF\ZKLFK&RQWUDFWRUGLVFRYHUVRUKDVDFWXDONQRZOHGJHRIDQGVKDOOREWDLQD
ZULWWHQLQWHUSUHWDWLRQRUFODULILFDWLRQIURP&LW\EHIRUHSURFHHGLQJZLWKDQ\:RUNDIIHFWHG
WKHUHE\
&RQWUDFWRU¶V5HYLHZRI&RQWUDFW'RFXPHQWV'XULQJ3HUIRUPDQFHRI:RUN,IGXULQJWKH
SHUIRUPDQFHRIWKH:RUN&RQWUDFWRUGLVFRYHUVDQ\FRQIOLFWHUURUDPELJXLW\RUGLVFUHSDQF\
DocuSign Envelope ID: AE73A2C9-2DA1-4E69-954D-5B1574F66708
*(1(5$/&21',7,216
3DJHRI
&,7<2)'(1721
67$1'$5'&216758&7,2163(&,),&$7,21'2&80(176
5HYLVHG6HSWHPEHU
ZLWKLQWKH&RQWUDFW'RFXPHQWVRUEHWZHHQWKH&RQWUDFW'RFXPHQWVDQGDDQ\DSSOLFDEOH
/DZRU5HJXODWLRQEDQ\VWDQGDUGVSHFLILFDWLRQPDQXDORUFRGHRUFDQ\LQVWUXFWLRQRI
DQ\6XSSOLHUWKHQ&RQWUDFWRUVKDOOSURPSWO\UHSRUWLWWR&LW\LQZULWLQJ&RQWUDFWRUVKDOOQRW
SURFHHGZLWKWKH:RUNDIIHFWHGWKHUHE\H[FHSWLQDQHPHUJHQF\DVUHTXLUHGE\3DUDJUDSK
$XQWLODQDPHQGPHQWRUVXSSOHPHQWWRWKH&RQWUDFW'RFXPHQWVKDVEHHQLVVXHGE\RQH
RIWKHPHWKRGVLQGLFDWHGLQ3DUDJUDSK
&RQWUDFWRUVKDOOQRWEHOLDEOHWR&LW\IRUIDLOXUHWRUHSRUWDQ\FRQIOLFWHUURUDPELJXLW\RU
GLVFUHSDQF\LQWKH&RQWUDFW'RFXPHQWVXQOHVV&RQWUDFWRUKDGDFWXDONQRZOHGJHWKHUHRI
%5HVROYLQJ'LVFUHSDQFLHV
([FHSWDVPD\EHRWKHUZLVHVSHFLILFDOO\VWDWHGLQWKH&RQWUDFW'RFXPHQWVWKHSURYLVLRQVRI
WKH&RQWUDFW'RFXPHQWVVKDOOWDNHSUHFHGHQFHLQUHVROYLQJDQ\FRQIOLFWHUURUDPELJXLW\RU
GLVFUHSDQF\EHWZHHQWKHSURYLVLRQVRIWKH&RQWUDFW'RFXPHQWVDQGWKHSURYLVLRQVRIDQ\
VWDQGDUGVSHFLILFDWLRQPDQXDORUWKHLQVWUXFWLRQRIDQ\6XSSOLHUZKHWKHURUQRWVSHFLILFDOO\
LQFRUSRUDWHGE\UHIHUHQFHLQWKH&RQWUDFW'RFXPHQWV
,QFDVHRIGLVFUHSDQFLHVILJXUHGGLPHQVLRQVVKDOOJRYHUQRYHUVFDOHGGLPHQVLRQV'UDZLQJV
VKDOOJRYHUQRYHU6SHFLILFDWLRQVDQG6XSSOHPHQWDU\&RQGLWLRQVVKDOOJRYHUQRYHU*HQHUDO
&RQGLWLRQVDQG6SHFLILFDWLRQV
$PHQGLQJDQG6XSSOHPHQWLQJ&RQWUDFW'RFXPHQWV
$7KH&RQWUDFW'RFXPHQWVPD\EHDPHQGHGWRSURYLGHIRUDGGLWLRQVGHOHWLRQVDQGUHYLVLRQVLQ
WKH:RUNRUWRPRGLI\WKHWHUPVDQGFRQGLWLRQVWKHUHRIE\D&KDQJH2UGHU
%7KHUHTXLUHPHQWVRIWKH&RQWUDFW'RFXPHQWVPD\EHVXSSOHPHQWHGDQGPLQRUYDULDWLRQVDQG
GHYLDWLRQVLQWKH:RUN QRWLQYROYLQJDFKDQJH LQ&RQWUDFW3ULFHRU&RQWUDFW7LPHPD\EH
DXWKRUL]HGE\RQHRUPRUHRIWKHIROORZLQJZD\V
$)LHOG2UGHU
&LW\¶VUHYLHZRID6XEPLWWDOVXEMHFWWRWKHSURYLVLRQVRI3DUDJUDSK&RU
&LW\¶VZULWWHQLQWHUSUHWDWLRQRUFODULILFDWLRQ
5HXVHRI'RFXPHQWV
$&RQWUDFWRUDQGDQ\6XEFRQWUDFWRURU6XSSOLHUVKDOOQRW
KDYHRUDFTXLUHDQ\WLWOHWRRURZQHUVKLSULJKWVLQDQ\RIWKH'UDZLQJV6SHFLILFDWLRQVRU
RWKHU GRFXPHQWV RU FRSLHVRI DQ\WKHUHRISUHSDUHGE\RUEHDULQJWKHVHDORI(QJLQHHU
LQFOXGLQJHOHFWURQLFPHGLDHGLWLRQVRU
UHXVHDQ\VXFK'UDZLQJV6SHFLILFDWLRQVRWKHUGRFXPHQWVRUFRSLHVWKHUHRIRQH[WHQVLRQVRI
WKH 3URMHFW RU DQ\ RWKHU SURMHFW ZLWKRXW ZULWWHQ FRQVHQW RI &LW\ DQG VSHFLILF ZULWWHQ
DocuSign Envelope ID: AE73A2C9-2DA1-4E69-954D-5B1574F66708
*(1(5$/&21',7,216
3DJHRI
&,7<2)'(1721
67$1'$5'&216758&7,2163(&,),&$7,21'2&80(176
5HYLVHG6HSWHPEHU
YHULILFDWLRQRUDGDSWDWLRQE\(QJLQHHU
%7KHSURKLELWLRQVRIWKLV3DUDJUDSKZLOOVXUYLYHILQDOSD\PHQWRUWHUPLQDWLRQRIWKH
&RQWUDFW 1RWKLQJ KHUHLQ VKDOO SUHFOXGH &RQWUDFWRU IURP UHWDLQLQJ FRSLHV RI WKH &RQWUDFW
'RFXPHQWVIRUUHFRUGSXUSRVHV
(OHFWURQLF'DWD
$8QOHVVRWKHUZLVHVWDWHGLQWKH6XSSOHPHQWDU\&RQGLWLRQVWKHGDWDIXUQLVKHGE\&LW\RU(QJLQHHU
WR&RQWUDFWRURUE\&RQWUDFWRUWR&LW\RU(QJLQHHUWKDWPD\EHUHOLHGXSRQDUHOLPLWHGWRWKH
SULQWHG FRSLHV LQFOXGHG LQ WKH &RQWUDFW 'RFXPHQWV DOVR NQRZQ DV KDUG FRSLHV )LOHV LQ
HOHFWURQLF PHGLD IRUPDW RI WH[W GDWD JUDSKLFV RU RWKHU W\SHV DUH IXUQLVKHG RQO\ IRU WKH
FRQYHQLHQFHRIWKHUHFHLYLQJSDUW\$Q\FRQFOXVLRQRULQIRUPDWLRQREWDLQHGRUGHULYHGIURP
VXFK HOHFWURQLF ILOHV ZLOO EH DW WKH XVHU¶V VROH ULVN ,I WKHUH LV D GLVFUHSDQF\ EHWZHHQ WKH
HOHFWURQLFILOHVDQGWKHKDUGFRSLHVWKHKDUGFRSLHVJRYHUQ
%:KHQ WUDQVIHUULQJ GRFXPHQWV LQ HOHFWURQLF PHGLD IRUPDW WKH WUDQVIHUULQJ SDUW\ PDNHV QR
UHSUHVHQWDWLRQVDVWRORQJWHUPFRPSDWLELOLW\XVDELOLW\RUUHDGDELOLW\RIGRFXPHQWVUHVXOWLQJ
IURP WKH XVH RI VRIWZDUH DSSOLFDWLRQ SDFNDJHV RSHUDWLQJ V\VWHPV RU FRPSXWHU KDUGZDUH
GLIIHULQJIURPWKRVHXVHGE\WKHGDWD¶VFUHDWRU
$57,&/(±$9$,/$%,/,7<2)/$1'668%685)$&($1'3+<6,&$/&21',7,216
+$=$5'286(19,5210(17$/&21',7,2165()(5(1&(32,176
$YDLODELOLW\RI/DQGV
$&LW\VKDOOIXUQLVKWKH6LWH&LW\VKDOOQRWLI\&RQWUDFWRURIDQ\HQFXPEUDQFHVRUUHVWULFWLRQVQRWRI
JHQHUDODSSOLFDWLRQEXWVSHFLILFDOO\UHODWHGWRXVHRIWKH6LWHZLWKZKLFK&RQWUDFWRUPXVWFRPSO\
LQ SHUIRUPLQJ WKH :RUN &LW\ ZLOO REWDLQ LQ D WLPHO\ PDQQHU DQG SD\ IRU HDVHPHQWV IRU
SHUPDQHQWVWUXFWXUHVRUSHUPDQHQWFKDQJHVLQH[LVWLQJIDFLOLWLHV
7KH &LW\ KDV REWDLQHG RU DQWLFLSDWHV DFTXLVLWLRQ RI DQGRU DFFHVV WR ULJKWRIZD\ DQGRU
HDVHPHQWV$Q\RXWVWDQGLQJULJKWRIZD\DQGRUHDVHPHQWVDUHDQWLFLSDWHGWREHDFTXLUHGLQ
DFFRUGDQFH ZLWK WKH VFKHGXOH VHW IRUWK LQ WKH 6XSSOHPHQWDU\ &RQGLWLRQV 7KH 3URMHFW
6FKHGXOH VXEPLWWHG E\ WKH &RQWUDFWRU LQ DFFRUGDQFH ZLWK WKH &RQWUDFW 'RFXPHQWV PXVW
FRQVLGHUDQ\RXWVWDQGLQJULJKWRIZD\DQGRUHDVHPHQWV
7KH&LW\KDVRUDQWLFLSDWHVUHPRYLQJDQGRUUHORFDWLQJXWLOLWLHVDQGREVWUXFWLRQVWRWKH6LWH
$Q\RXWVWDQGLQJUHPRYDORUUHORFDWLRQRIXWLOLWLHVRUREVWUXFWLRQVLVDQWLFLSDWHGLQDFFRUGDQFH
ZLWKWKHVFKHGXOHVHWIRUWKLQWKH6XSSOHPHQWDU\&RQGLWLRQV7KH3URMHFW6FKHGXOHVXEPLWWHG
E\WKH&RQWUDFWRULQDFFRUGDQFHZLWKWKH&RQWUDFW'RFXPHQWVPXVWFRQVLGHUDQ\RXWVWDQGLQJ
XWLOLWLHVRUREVWUXFWLRQVWREHUHPRYHGDGMXVWHGDQGRUUHORFDWHGE\RWKHUV
%8SRQUHDVRQDEOHZULWWHQUHTXHVW&LW\VKDOOIXUQLVK&RQWUDFWRUZLWKDFXUUHQWVWDWHPHQWRIUHFRUG
OHJDOWLWOHDQGOHJDOGHVFULSWLRQRIWKHODQGVXSRQZKLFKWKH:RUNLVWREHSHUIRUPHG
DocuSign Envelope ID: AE73A2C9-2DA1-4E69-954D-5B1574F66708
*(1(5$/&21',7,216
3DJHRI
&,7<2)'(1721
67$1'$5'&216758&7,2163(&,),&$7,21'2&80(176
5HYLVHG6HSWHPEHU
&&RQWUDFWRUVKDOOSURYLGHIRUDOODGGLWLRQDOODQGVDQGDFFHVVWKHUHWRWKDWPD\EHUHTXLUHGIRU
FRQVWUXFWLRQIDFLOLWLHVRUVWRUDJHRIPDWHULDOVDQGHTXLSPHQW
6XEVXUIDFHDQG3K\VLFDO&RQGLWLRQV
$5HSRUWVDQG'UDZLQJV7KH6XSSOHPHQWDU\&RQGLWLRQVLGHQWLI\
WKRVHUHSRUWVNQRZQWR&LW\RIH[SORUDWLRQVDQGWHVWVRIVXEVXUIDFHFRQGLWLRQVDWRU
FRQWLJXRXVWRWKH6LWH DQG
WKRVHGUDZLQJVNQRZQWR&LW\RISK\VLFDOFRQGLWLRQVUHODWLQJWRH[LVWLQJVXUIDFHRU
VXEVXUIDFHVWUXFWXUHVDWWKH6LWHH[FHSW8QGHUJURXQG)DFLOLWLHV
%/LPLWHG5HOLDQFHE\&RQWUDFWRURQ7HFKQLFDO'DWD$XWKRUL]HG&RQWUDFWRUPD\UHO\XSRQWKH
DFFXUDF\RIWKH³WHFKQLFDOGDWD´FRQWDLQHGLQVXFKUHSRUWVDQGGUDZLQJVEXWVXFKUHSRUWVDQG
GUDZLQJVDUHQRW&RQWUDFW'RFXPHQWV6XFK³WHFKQLFDOGDWD´LVLGHQWLILHGLQWKH6XSSOHPHQWDU\
&RQGLWLRQV&RQWUDFWRUPD\QRWPDNHDQ\&RQWUDFW&ODLPDJDLQVW&LW\RUDQ\RIWKHLURIILFHUV
GLUHFWRUVPHPEHUVSDUWQHUVHPSOR\HHVDJHQWVFRQVXOWDQWVRUVXEFRQWUDFWRUVZLWKUHVSHFWWR
WKHFRPSOHWHQHVVRIVXFKUHSRUWVDQGGUDZLQJVIRU&RQWUDFWRU¶VSXUSRVHVLQFOXGLQJEXWQRW
OLPLWHGWR DQ\ DVSHFWV RIWKH PHDQVPHWKRGV WHFKQLTXHVVHTXHQFHVDQGSURFHGXUHVRI
FRQVWUXFWLRQWREHHPSOR\HGE\&RQWUDFWRUDQGVDIHW\SUHFDXWLRQVDQGSURJUDPVLQFLGHQW
WKHUHWRRU
RWKHUGDWDLQWHUSUHWDWLRQVRSLQLRQVDQGLQIRUPDWLRQFRQWDLQHGLQVXFKUHSRUWVRUVKRZQRU
LQGLFDWHGLQVXFKGUDZLQJVRU
DQ\&RQWUDFWRULQWHUSUHWDWLRQRIRUFRQFOXVLRQGUDZQIURPDQ\³WHFKQLFDOGDWD´RUDQ\VXFK
RWKHUGDWDLQWHUSUHWDWLRQVRSLQLRQVRULQIRUPDWLRQ
'LIIHULQJ6XEVXUIDFHRU3K\VLFDO&RQGLWLRQV
$1RWLFH,I&RQWUDFWRUEHOLHYHVWKDWDQ\VXEVXUIDFHRUSK\VLFDOFRQGLWLRQWKDWLVXQFRYHUHGRU
UHYHDOHGHLWKHU
LVRIVXFKDQDWXUHDVWRHVWDEOLVKWKDWDQ\³WHFKQLFDOGDWD´RQZKLFK&RQWUDFWRULVHQWLWOHGWR
UHO\DVSURYLGHGLQ3DUDJUDSKLVPDWHULDOO\LQDFFXUDWHRU
LVRIVXFKDQDWXUHDVWRUHTXLUHDFKDQJHLQWKH&RQWUDFW'RFXPHQWVRU
GLIIHUVPDWHULDOO\IURPWKDWVKRZQRULQGLFDWHGLQWKH&RQWUDFW'RFXPHQWVRU
LVRIDQXQXVXDOQDWXUHDQGGLIIHUVPDWHULDOO\IURPFRQGLWLRQVRUGLQDULO\HQFRXQWHUHGDQG
JHQHUDOO\ UHFRJQL]HG DV LQKHUHQW LQ ZRUN RI WKH FKDUDFWHU SURYLGHG IRU LQ WKH &RQWUDFW
'RFXPHQWV
WKHQ&RQWUDFWRUVKDOOSURPSWO\DIWHUEHFRPLQJDZDUHWKHUHRIDQGEHIRUHIXUWKHUGLVWXUELQJWKH
DocuSign Envelope ID: AE73A2C9-2DA1-4E69-954D-5B1574F66708
*(1(5$/&21',7,216
3DJHRI
&,7<2)'(1721
67$1'$5'&216758&7,2163(&,),&$7,21'2&80(176
5HYLVHG6HSWHPEHU
VXEVXUIDFHRUSK\VLFDOFRQGLWLRQVRUSHUIRUPLQJDQ\:RUNLQFRQQHFWLRQWKHUHZLWKH[FHSWLQDQ
HPHUJHQF\DVUHTXLUHGE\3DUDJUDSK$QRWLI\&LW\LQZULWLQJDERXWVXFKFRQGLWLRQ
%3RVVLEOH3ULFHDQG7LPH$GMXVWPHQWV
&RQWUDFWRUVKDOOQRWEHHQWLWOHGWRDQ\DGMXVWPHQWLQWKH&RQWUDFW3ULFHRU&RQWUDFW7LPHLI
&RQWUDFWRUNQHZRIWKHH[LVWHQFHRIVXFKFRQGLWLRQVDWWKHWLPH&RQWUDFWRUPDGHDILQDO
FRPPLWPHQWWR&LW\ZLWKUHVSHFWWR&RQWUDFW3ULFHDQG&RQWUDFW7LPHE\WKHVXEPLVVLRQRID
%LGRUEHFRPLQJERXQGXQGHUDQHJRWLDWHGFRQWUDFWRU
WKHH[LVWHQFHRIVXFKFRQGLWLRQFRXOGUHDVRQDEO\KDYHEHHQGLVFRYHUHGRUUHYHDOHGDVDUHVXOW
RIWKHH[DPLQDWLRQRIWKH&RQWUDFW'RFXPHQWVRUWKH6LWHRU
&RQWUDFWRUIDLOHGWRJLYHWKHZULWWHQQRWLFHDVUHTXLUHGE\3DUDJUDSK$
8QGHUJURXQG)DFLOLWLHV
$6KRZQRU,QGLFDWHG7KHLQIRUPDWLRQDQGGDWDVKRZQRULQGLFDWHGLQWKH&RQWUDFW'RFXPHQWV
ZLWK UHVSHFW WR H[LVWLQJ 8QGHUJURXQG )DFLOLWLHV DW RU FRQWLJXRXV WR WKH 6LWH LV EDVHG RQ
LQIRUPDWLRQDQGGDWDIXUQLVKHGWR&LW\RU(QJLQHHUE\WKHRZQHUVRIVXFK8QGHUJURXQG
)DFLOLWLHV LQFOXGLQJ &LW\ RU E\ RWKHUV 8QOHVV LW LV RWKHUZLVH H[SUHVVO\ SURYLGHG LQ WKH
6XSSOHPHQWDU\&RQGLWLRQV
&LW\DQG(QJLQHHUVKDOOQRWEHUHVSRQVLEOHIRUWKHDFFXUDF\RUFRPSOHWHQHVVRIDQ\VXFK
LQIRUPDWLRQRUGDWDSURYLGHGE\RWKHUVDQG
WKHFRVWRIDOORIWKHIROORZLQJZLOOEHLQFOXGHGLQWKH&RQWUDFW3ULFHDQG&RQWUDFWRUVKDOO
KDYHIXOOUHVSRQVLELOLW\IRU
DUHYLHZLQJDQGFKHFNLQJDOOVXFKLQIRUPDWLRQDQGGDWD
EORFDWLQJDOO8QGHUJURXQG)DFLOLWLHVVKRZQRULQGLFDWHGLQWKH&RQWUDFW'RFXPHQWV
FFRRUGLQDWLRQDQGDGMXVWPHQWRIWKH:RUNZLWKWKHRZQHUVRIVXFK8QGHUJURXQG
)DFLOLWLHVLQFOXGLQJ&LW\GXULQJFRQVWUXFWLRQDQG
GWKHVDIHW\DQGSURWHFWLRQRIDOOVXFK8QGHUJURXQG)DFLOLWLHVDQGUHSDLULQJDQ\GDPDJH
WKHUHWRUHVXOWLQJIURPWKH:RUN
%1RW6KRZQRU,QGLFDWHG
,IDQ8QGHUJURXQG)DFLOLW\ZKLFKFRQIOLFWVZLWKWKH:RUNLVXQFRYHUHGRUUHYHDOHGDWRU
FRQWLJXRXVWRWKH6LWHZKLFKZDVQRWVKRZQRULQGLFDWHGRUQRWVKRZQRULQGLFDWHGZLWK
UHDVRQDEOHDFFXUDF\LQWKH&RQWUDFW'RFXPHQWV&RQWUDFWRUVKDOOSURPSWO\DIWHUEHFRPLQJ
DZDUHWKHUHRIDQGEHIRUHIXUWKHUGLVWXUELQJFRQGLWLRQVDIIHFWHGWKHUHE\RUSHUIRUPLQJDQ\
:RUNLQFRQQHFWLRQWKHUHZLWKH[FHSWLQDQHPHUJHQF\DVUHTXLUHGE\3DUDJUDSK$
DocuSign Envelope ID: AE73A2C9-2DA1-4E69-954D-5B1574F66708
*(1(5$/&21',7,216
3DJHRI
&,7<2)'(1721
67$1'$5'&216758&7,2163(&,),&$7,21'2&80(176
5HYLVHG6HSWHPEHU
LGHQWLI\WKHRZQHURIVXFK8QGHUJURXQG)DFLOLW\DQGJLYHQRWLFHWRWKDWRZQHUDQGWR&LW\
&LW\ZLOOUHYLHZWKHGLVFRYHUHG8QGHUJURXQG)DFLOLW\DQGGHWHUPLQHWKHH[WHQWLIDQ\WR
ZKLFKDFKDQJHPD\EHUHTXLUHGLQWKH&RQWUDFW'RFXPHQWVWRUHIOHFWDQGGRFXPHQWWKH
FRQVHTXHQFHVRIWKHH[LVWHQFHRUORFDWLRQRIWKH8QGHUJURXQG)DFLOLW\&RQWUDFWRUVKDOOEH
UHVSRQVLEOHIRUWKHVDIHW\DQGSURWHFWLRQRIVXFKGLVFRYHUHG8QGHUJURXQG)DFLOLW\
,I&LW\FRQFOXGHVWKDWDFKDQJHLQWKH&RQWUDFW'RFXPHQWVLVUHTXLUHGD&KDQJH2UGHUPD\
EHLVVXHGWRUHIOHFWDQGGRFXPHQWVXFKFRQVHTXHQFHV
9HULILFDWLRQRIH[LVWLQJXWLOLWLHVVWUXFWXUHVDQGVHUYLFHOLQHVVKDOOLQFOXGHQRWLILFDWLRQRIDOO
XWLOLW\FRPSDQLHVDPLQLPXPRIKRXUVLQDGYDQFHRIFRQVWUXFWLRQLQFOXGLQJH[SORUDWRU\
H[FDYDWLRQLIQHFHVVDU\
+D]DUGRXV(QYLURQPHQWDO&RQGLWLRQDW6LWH
$5HSRUWVDQG'UDZLQJV7KH6XSSOHPHQWDU\&RQGLWLRQVLGHQWLI\WKRVHUHSRUWVDQGGUDZLQJV
NQRZQWR&LW\UHODWLQJWR+D]DUGRXV(QYLURQPHQWDO&RQGLWLRQVWKDWKDYHEHHQLGHQWLILHGDWWKH
6LWH
%/LPLWHG5HOLDQFHE\&RQWUDFWRURQ7HFKQLFDO'DWD$XWKRUL]HG&RQWUDFWRUPD\UHO\XSRQWKH
DFFXUDF\RIWKH³WHFKQLFDOGDWD´FRQWDLQHGLQVXFKUHSRUWVDQGGUDZLQJVEXWVXFKUHSRUWVDQG
GUDZLQJVDUHQRW&RQWUDFW'RFXPHQWV6XFK³WHFKQLFDOGDWD´LVLGHQWLILHGLQWKH6XSSOHPHQWDU\
&RQGLWLRQV&RQWUDFWRUPD\QRWPDNHDQ\&RQWUDFW&ODLPDJDLQVW&LW\RUDQ\RIWKHLURIILFHUV
GLUHFWRUVPHPEHUVSDUWQHUVHPSOR\HHVDJHQWVFRQVXOWDQWVRUVXEFRQWUDFWRUVZLWKUHVSHFWWR
WKHFRPSOHWHQHVVRIVXFKUHSRUWVDQGGUDZLQJVIRU&RQWUDFWRU¶VSXUSRVHVLQFOXGLQJEXWQRW
OLPLWHG WR DQ\ DVSHFWV RI WKH PHDQV PHWKRGV WHFKQLTXHV VHTXHQFHV DQG SURFHGXUHV RI
FRQVWUXFWLRQWREHHPSOR\HGE\&RQWUDFWRUDQGVDIHW\SUHFDXWLRQVDQGSURJUDPVLQFLGHQW
WKHUHWRRU
RWKHUGDWDLQWHUSUHWDWLRQVRSLQLRQVDQGLQIRUPDWLRQFRQWDLQHGLQVXFKUHSRUWVRUVKRZQRU
LQGLFDWHGLQVXFKGUDZLQJVRU
DQ\&RQWUDFWRULQWHUSUHWDWLRQRIRUFRQFOXVLRQGUDZQIURPDQ\³WHFKQLFDOGDWD´RUDQ\VXFK
RWKHUGDWDLQWHUSUHWDWLRQVRSLQLRQVRULQIRUPDWLRQ
&&RQWUDFWRUVKDOOQRWEHUHVSRQVLEOHIRUDQ\+D]DUGRXV(QYLURQPHQWDO&RQGLWLRQXQFRYHUHGRU
UHYHDOHGDWWKH6LWHZKLFKZDVQRWVKRZQRULQGLFDWHGLQ'UDZLQJVRU6SHFLILFDWLRQVRULGHQWLILHG
LQWKH&RQWUDFW'RFXPHQWVWREHZLWKLQWKHVFRSHRIWKH:RUN&RQWUDFWRUVKDOOEHUHVSRQVLEOH
IRUD+D]DUGRXV(QYLURQPHQWDO&RQGLWLRQFUHDWHGZLWKDQ\PDWHULDOVEURXJKWWRWKH6LWHE\
&RQWUDFWRU6XEFRQWUDFWRUV6XSSOLHUVRUDQ\RQHHOVHIRUZKRP&RQWUDFWRULVUHVSRQVLEOH
',I&RQWUDFWRUHQFRXQWHUVD+D]DUGRXV(QYLURQPHQWDO&RQGLWLRQRULI&RQWUDFWRURUDQ\RQHIRU
ZKRP&RQWUDFWRULVUHVSRQVLEOHFUHDWHVD+D]DUGRXV(QYLURQPHQWDO&RQGLWLRQ&RQWUDFWRUVKDOO
LPPHGLDWHO\LVHFXUHRURWKHUZLVHLVRODWHVXFKFRQGLWLRQLLVWRSDOO:RUNLQFRQQHFWLRQZLWK
VXFK FRQGLWLRQ DQG LQ DQ\ DUHD DIIHFWHG WKHUHE\ H[FHSW LQ DQ HPHUJHQF\ DV UHTXLUHG E\
DocuSign Envelope ID: AE73A2C9-2DA1-4E69-954D-5B1574F66708
*(1(5$/&21',7,216
3DJHRI
&,7<2)'(1721
67$1'$5'&216758&7,2163(&,),&$7,21'2&80(176
5HYLVHG6HSWHPEHU
3DUDJUDSK$DQGLLLQRWLI\&LW\DQGSURPSWO\WKHUHDIWHUFRQILUPVXFKQRWLFHLQZULWLQJ
&LW\PD\FRQVLGHUWKHQHFHVVLW\WRUHWDLQDTXDOLILHGH[SHUWWRHYDOXDWHVXFKFRQGLWLRQRUWDNH
FRUUHFWLYHDFWLRQLIDQ\
(&RQWUDFWRUVKDOOQRWEHUHTXLUHGWRUHVXPH:RUNLQFRQQHFWLRQZLWKVXFKFRQGLWLRQRULQDQ\
DIIHFWHGDUHDXQWLODIWHU&LW\KDVREWDLQHGDQ\UHTXLUHGSHUPLWVUHODWHGWKHUHWRDQGGHOLYHUHG
ZULWWHQQRWLFHWR&RQWUDFWRULVSHFLI\LQJWKDWVXFKFRQGLWLRQDQGDQ\DIIHFWHGDUHDLVRUKDV
EHHQUHQGHUHGVXLWDEOHIRUWKHUHVXPSWLRQRI:RUNRULLVSHFLI\LQJDQ\VSHFLDOFRQGLWLRQV
XQGHUZKLFKVXFK:RUNPD\EHUHVXPHG
),IDIWHUUHFHLSWRIVXFKZULWWHQQRWLFH&RQWUDFWRUGRHVQRWDJUHHWRUHVXPHVXFK:RUNEDVHGRQD
UHDVRQDEOH EHOLHI LW LV XQVDIH RU GRHV QRW DJUHH WR UHVXPH VXFK :RUN XQGHU VXFK VSHFLDO
FRQGLWLRQVWKHQ&LW\PD\RUGHUWKHSRUWLRQRIWKH:RUNWKDWLVLQWKHDUHDDIIHFWHGE\VXFK
FRQGLWLRQ WR EH GHOHWHG IURP WKH :RUN &LW\ PD\ KDYH VXFK GHOHWHG SRUWLRQ RI WKH :RUN
SHUIRUPHGE\&LW\¶VRZQIRUFHVRURWKHUV
*7R WKH IXOOHVW H[WHQW SHUPLWWHG E\ /DZV DQG 5HJXODWLRQV &RQWUDFWRU VKDOO LQGHPQLI\ DQG
KROGKDUPOHVV&LW\IURPDQGDJDLQVWDOOFODLPVFRVWVORVVHVDQGGDPDJHVLQFOXGLQJEXWQRW
OLPLWHGWRDOOIHHVDQGFKDUJHVRIHQJLQHHUVDUFKLWHFWVDWWRUQH\VDQGRWKHUSURIHVVLRQDOVDQG
DOO FRXUW RU DUELWUDWLRQ RU RWKHU GLVSXWH UHVROXWLRQ FRVWV DULVLQJ RXW RI RU UHODWLQJ WR D
+D]DUGRXV (QYLURQPHQWDO &RQGLWLRQ FUHDWHG E\ &RQWUDFWRU RU E\ DQ\RQH IRU ZKRP
&RQWUDFWRU LV UHVSRQVLEOH 1RWKLQJ LQ WKLV 3DUDJUDSK * VKDOO REOLJDWH &RQWUDFWRU WR
LQGHPQLI\DQ\LQGLYLGXDORUHQWLW\IURPDQGDJDLQVWWKHFRQVHTXHQFHVRIWKDWLQGLYLGXDO¶VRU
HQWLW\¶VRZQQHJOLJHQFH
+7KHSURYLVLRQVRI3DUDJUDSKVDQGGRQRWDSSO\WRD+D]DUGRXV(QYLURQPHQWDO
&RQGLWLRQXQFRYHUHGRUUHYHDOHGDWWKH6LWH
$57,&/(±%21'6$1',1685$1&(
/LFHQVHG6XUHWLHVDQG,QVXUHUV
$OOERQGVDQGLQVXUDQFHUHTXLUHGE\WKH&RQWUDFW'RFXPHQWVWREHSXUFKDVHGDQGPDLQWDLQHGE\
&RQWUDFWRUVKDOOEHREWDLQHGIURPVXUHW\RULQVXUDQFHFRPSDQLHVWKDWDUHGXO\OLFHQVHGRUDXWKRUL]HG
LQWKH6WDWHRI7H[DVWRLVVXHERQGVRULQVXUDQFHSROLFLHVIRUWKHOLPLWVDQGFRYHUDJHVVRUHTXLUHG
6XFKVXUHW\DQGLQVXUDQFHFRPSDQLHVVKDOODOVRPHHWVXFKDGGLWLRQDOUHTXLUHPHQWVDQGTXDOLILFDWLRQV
DVPD\EHSURYLGHGLQWKH6XSSOHPHQWDU\&RQGLWLRQV
3HUIRUPDQFH3D\PHQWDQG0DLQWHQDQFH%RQGV
$&RQWUDFWRUVKDOOIXUQLVKSHUIRUPDQFHDQGSD\PHQWERQGVLQDFFRUGDQFHZLWK7H[DV*RYHUQPHQW
&RGH &KDSWHU RU VXFFHVVRU VWDWXWH HDFK LQ DQ DPRXQW HTXDOWRWKH&RQWUDFW3ULFHDV
VHFXULW\IRUWKHIDLWKIXOSHUIRUPDQFHDQGSD\PHQWRIDOORI&RQWUDFWRU¶VREOLJDWLRQVXQGHUWKH
&RQWUDFW'RFXPHQWV
%&RQWUDFWRUVKDOOIXUQLVKPDLQWHQDQFHERQGVLQDQDPRXQWHTXDOWRWKH&RQWUDFW3ULFHDVVHFXULW\
DocuSign Envelope ID: AE73A2C9-2DA1-4E69-954D-5B1574F66708
*(1(5$/&21',7,216
3DJHRI
&,7<2)'(1721
67$1'$5'&216758&7,2163(&,),&$7,21'2&80(176
5HYLVHG6HSWHPEHU
WRSURWHFWWKH&LW\DJDLQVWDQ\GHIHFWVLQDQ\SRUWLRQRIWKH:RUNGHVFULEHGLQWKH&RQWUDFW
'RFXPHQWV0DLQWHQDQFHERQGVVKDOOUHPDLQLQHIIHFWIRUWZR\HDUVDIWHUWKHGDWHRI)LQDO
$FFHSWDQFHE\WKH&LW\
&$OO ERQGV VKDOO EH LQ WKH IRUP SUHVFULEHG E\ WKH &RQWUDFW 'RFXPHQWV H[FHSW DV SURYLGHG
RWKHUZLVHE\/DZVRU5HJXODWLRQVDQGVKDOOEHH[HFXWHGE\VXFKVXUHWLHVDVDUHQDPHGLQWKHOLVW
RI³&RPSDQLHV+ROGLQJ&HUWLILFDWHVRI$XWKRULW\DV$FFHSWDEOH6XUHWLHVRQ)HGHUDO%RQGVDQG
DV$FFHSWDEOH5HLQVXULQJ&RPSDQLHV´DVSXEOLVKHGLQ&LUFXODUDPHQGHGE\WKH)LQDQFLDO
0DQDJHPHQW6HUYLFH6XUHW\%RQG%UDQFK86'HSDUWPHQWRIWKH7UHDVXU\$OOERQGVVLJQHG
E\DQDJHQWRUDWWRUQH\LQIDFWPXVWEHDFFRPSDQLHGE\DVHDOHGDQGGDWHGSRZHURIDWWRUQH\
ZKLFKVKDOOVKRZWKDWLWLVHIIHFWLYHRQWKHGDWHWKHDJHQWRUDWWRUQH\LQIDFWVLJQHGHDFKERQG
7KHERQGVPXVWEHGDWHGRQRUDIWHUWKHGDWHRIWKH&RQWUDFW
',IWKHVXUHW\RQDQ\ERQGIXUQLVKHGE\&RQWUDFWRULVGHFODUHGEDQNUXSWRUEHFRPHVLQVROYHQWRU
LWVULJKWWRGREXVLQHVVLVWHUPLQDWHGLQWKH6WDWHRI7H[DVRULWFHDVHVWRPHHWWKHUHTXLUHPHQWVRI
3DUDJUDSK&&RQWUDFWRUVKDOOSURPSWO\QRWLI\&LW\DQGVKDOOZLWKLQGD\VDIWHUWKHHYHQW
JLYLQJULVHWRVXFKQRWLILFDWLRQSURYLGHDQRWKHUERQGDQGVXUHW\ERWKRIZKLFKVKDOOFRPSO\
ZLWKWKHUHTXLUHPHQWVRI3DUDJUDSKVDQG&
&HUWLILFDWHVRI,QVXUDQFH
$&RQWUDFWRUVKDOOGHOLYHUWR&LW\ZLWKFRSLHVWRHDFKDGGLWLRQDOLQVXUHGDQGORVVSD\HHLGHQWLILHG
LQ WKH 6XSSOHPHQWDU\ &RQGLWLRQV FHUWLILFDWHV RI LQVXUDQFH DQG RWKHU HYLGHQFH RI LQVXUDQFH
UHTXHVWHGE\&LW\RUDQ\RWKHUDGGLWLRQDOLQVXUHGZKLFK&RQWUDFWRULVUHTXLUHGWRSXUFKDVHDQG
PDLQWDLQ
7KHFHUWLILFDWHRILQVXUDQFHVKDOOGRFXPHQWWKH&LW\DQGDOOLGHQWLILHGHQWLWLHVQDPHGLQWKH
6XSSOHPHQWDU\&RQGLWLRQVDV³$GGLWLRQDO,QVXUHG´RQDOOOLDELOLW\SROLFLHV
7KH&RQWUDFWRU¶VJHQHUDOOLDELOLW\LQVXUDQFHVKDOOLQFOXGHD³SHUSURMHFW´RU³SHUORFDWLRQ´
HQGRUVHPHQWZKLFKVKDOOEHLGHQWLILHGLQWKHFHUWLILFDWHRILQVXUDQFHSURYLGHGWRWKH&LW\
7KHFHUWLILFDWHVKDOOEHVLJQHGE\DQDJHQWDXWKRUL]HGWRELQGFRYHUDJHRQEHKDOIRIWKH
LQVXUHGEHFRPSOHWHLQLWVHQWLUHW\DQGVKRZFRPSOHWHLQVXUDQFHFDUULHUQDPHVDVOLVWHGLQ
WKHFXUUHQW$0%HVW3URSHUW\ &DVXDOW\*XLGH
7KHLQVXUHUVIRUDOOSROLFLHVPXVWEHOLFHQVHGDQGRUDSSURYHGWRGREXVLQHVVLQWKH6WDWHRI
7H[DV([FHSWIRUZRUNHUV¶FRPSHQVDWLRQDOOLQVXUHUVPXVWKDYHDPLQLPXPUDWLQJRI$
9,,LQWKHFXUUHQW$0%HVW.H\5DWLQJ*XLGHRUKDYHUHDVRQDEO\HTXLYDOHQWILQDQFLDO
VWUHQJWKDQGVROYHQF\WRWKHVDWLVIDFWLRQRI5LVN0DQDJHPHQW,IWKHUDWLQJLVEHORZWKDW
UHTXLUHGZULWWHQDSSURYDORI&LW\LVUHTXLUHG
$OODSSOLFDEOHSROLFLHVVKDOOLQFOXGHD:DLYHURI6XEURJDWLRQ5LJKWVRI5HFRYHU\LQIDYRU
RIWKH&LW\,QDGGLWLRQWKH&RQWUDFWRUDJUHHVWRZDLYHDOOULJKWVRIVXEURJDWLRQDJDLQVWWKH
(QJLQHHU LI DSSOLFDEOH DQG HDFK DGGLWLRQDO LQVXUHG LGHQWLILHGLQWKH6XSSOHPHQWDU\
&RQGLWLRQV
DocuSign Envelope ID: AE73A2C9-2DA1-4E69-954D-5B1574F66708
*(1(5$/&21',7,216
3DJHRI
&,7<2)'(1721
67$1'$5'&216758&7,2163(&,),&$7,21'2&80(176
5HYLVHG6HSWHPEHU
)DLOXUHRIWKH&LW\WRGHPDQGVXFKFHUWLILFDWHVRURWKHUHYLGHQFHRIIXOOFRPSOLDQFHZLWKWKH
LQVXUDQFHUHTXLUHPHQWVRUIDLOXUHRIWKH&LW\WRLGHQWLI\DGHILFLHQF\IURPHYLGHQFHWKDWLV
SURYLGHGVKDOOQRWEHFRQVWUXHGDVDZDLYHURI&RQWUDFWRU¶VREOLJDWLRQWRPDLQWDLQVXFKOLQHV
RILQVXUDQFHFRYHUDJH
,ILQVXUDQFHSROLFLHVDUHQRWZULWWHQIRUVSHFLILHGFRYHUDJHOLPLWVDQ8PEUHOODRU([FHVV
/LDELOLW\LQVXUDQFHIRUDQ\GLIIHUHQFHVLVUHTXLUHG([FHVV/LDELOLW\VKDOOIROORZIRUPRIWKH
SULPDU\FRYHUDJH
8QOHVVRWKHUZLVHVWDWHGDOOUHTXLUHGLQVXUDQFHVKDOOEHZULWWHQRQWKH³RFFXUUHQFHEDVLV´,I
FRYHUDJHLVXQGHUZULWWHQRQDFODLPVPDGHEDVLVWKHUHWURDFWLYHGDWHVKDOOEHFRLQFLGHQWZLWK
RUSULRUWRWKHGDWHRIWKHHIIHFWLYHGDWHRIWKHDJUHHPHQWDQGWKHFHUWLILFDWHRILQVXUDQFHVKDOO
VWDWHWKDWWKHFRYHUDJHLVFODLPVPDGHDQGWKHUHWURDFWLYHGDWH7KHLQVXUDQFHFRYHUDJHVKDOO
EH PDLQWDLQHG IRU WKH GXUDWLRQ RI WKH &RQWUDFW DQG IRU WKUHH\HDUV IROORZLQJ )LQDO
$FFHSWDQFHSURYLGHGXQGHUWKH&RQWUDFW'RFXPHQWVRUIRUWKHZDUUDQW\SHULRGZKLFKHYHULV
ORQJHU $QDQQXDOFHUWLILFDWHRILQVXUDQFHVXEPLWWHGWRWKH&LW\VKDOOHYLGHQFHVXFK
LQVXUDQFHFRYHUDJH
3ROLFLHV VKDOO KDYH QR H[FOXVLRQV E\ HQGRUVHPHQWV ZKLFK QHLWKHU QXOOLI\ RU DPHQG WKH
UHTXLUHGOLQHVRIFRYHUDJHQRUGHFUHDVHWKHOLPLWVRIVDLGFRYHUDJHXQOHVVVXFKHQGRUVHPHQWV
DUHDSSURYHGLQZULWLQJE\WKH&LW\,QWKHHYHQWD&RQWUDFWKDVEHHQELGRUH[HFXWHGDQGWKH
H[FOXVLRQV DUH GHWHUPLQHG WR EH XQDFFHSWDEOH RU WKH &LW\ GHVLUHV DGGLWLRQDO LQVXUDQFH
FRYHUDJHDQGWKH&LW\GHVLUHVWKHFRQWUDFWRUHQJLQHHUWRREWDLQVXFKFRYHUDJHWKHFRQWUDFW
SULFHVKDOOEHDGMXVWHGE\WKHFRVWRIWKHSUHPLXPIRUVXFKDGGLWLRQDOFRYHUDJHSOXV
$Q\VHOILQVXUHGUHWHQWLRQ6,5LQH[FHVVRIDIIHFWLQJUHTXLUHGLQVXUDQFH
FRYHUDJHVKDOOEHDSSURYHGE\WKH&LW\LQUHJDUGVWRDVVHWYDOXHDQGVWRFNKROGHUV
HTXLW\,Q
OLHXRIWUDGLWLRQDOLQVXUDQFHDOWHUQDWLYHFRYHUDJHPDLQWDLQHGWKURXJKLQVXUDQFHSRROVRUULVN
UHWHQWLRQJURXSVRUVHOIIXQGLQJPXVWDOVREHDSSURYHGE\&LW\
$Q\GHGXFWLEOHLQH[FHVVRIIRUDQ\SROLF\WKDWGRHVQRWSURYLGHFRYHUDJHRQD
ILUVWGROODUEDVLVPXVWEHDFFHSWDEOHWRDQGDSSURYHGE\WKH&LW\
&LW\DWLWVVROHGLVFUHWLRQUHVHUYHVWKHULJKWWRUHYLHZWKHLQVXUDQFHUHTXLUHPHQWVDQGWR
PDNHUHDVRQDEOHDGMXVWPHQWVWRLQVXUDQFHFRYHUDJH¶VDQGWKHLUOLPLWV ZKHQ GHHPHG
QHFHVVDU\DQGSUXGHQWE\WKH&LW\EDVHGXSRQWKHVFRSHRIWKH:RUNFKDQJHVLQVWDWXWRU\
ODZFRXUWGHFLVLRQRUWKHFODLPVKLVWRU\RIWKHLQGXVWU\DVZHOODVRIWKHFRQWUDFWLQJSDUW\WR
WKH&LW\7KH&LW\VKDOOEHUHTXLUHGWRSURYLGHSULRUQRWLFHRIGD\VDQGWKHLQVXUDQFH
DGMXVWPHQWVVKDOOEHLQFRUSRUDWHGLQWRWKH:RUNE\&KDQJH2UGHU
&LW\VKDOOEHHQWLWOHGXSRQZULWWHQUHTXHVWDQGZLWKRXWH[SHQVHWRUHFHLYHFRSLHVRISROLFLHV
DQGHQGRUVHPHQWVWKHUHWRDQGPD\PDNHDQ\UHDVRQDEOHUHTXHVWVIRUGHOHWLRQRUUHYLVLRQRU
PRGLILFDWLRQVRISDUWLFXODUSROLF\WHUPVFRQGLWLRQVOLPLWDWLRQVRUH[FOXVLRQVQHFHVVDU\WR
FRQIRUP WKH SROLF\ DQG HQGRUVHPHQWV WR WKH UHTXLUHPHQWV RI WKH&RQWUDFW 'HOHWLRQV
UHYLVLRQVRUPRGLILFDWLRQVVKDOOQRWEHUHTXLUHGZKHUHSROLF\SURYLVLRQVDUHHVWDEOLVKHGE\
DocuSign Envelope ID: AE73A2C9-2DA1-4E69-954D-5B1574F66708
*(1(5$/&21',7,216
3DJHRI
&,7<2)'(1721
67$1'$5'&216758&7,2163(&,),&$7,21'2&80(176
5HYLVHG6HSWHPEHU
ODZRUUHJXODWLRQVELQGLQJXSRQHLWKHUSDUW\RUWKHXQGHUZULWHURQDQ\VXFKSROLFLHV
&LW\VKDOOQRWEHUHVSRQVLEOHIRUWKHGLUHFWSD\PHQWRILQVXUDQFHSUHPLXPFRVWVIRU
&RQWUDFWRU¶VLQVXUDQFH
&RQWUDFWRU¶V,QVXUDQFH
$:RUNHUV&RPSHQVDWLRQDQG(PSOR\HUV¶/LDELOLW\&RQWUDFWRUVKDOOSXUFKDVHDQGPDLQWDLQVXFK
LQVXUDQFHFRYHUDJHZLWKOLPLWVFRQVLVWHQWZLWKVWDWXWRU\EHQHILWVRXWOLQHGLQWKH7H[DV:RUNHUV¶
&RPSHQVDWLRQ $FW 7H[DV /DERU &RGH &K DV DPHQGHG DQG PLQLPXP OLPLWV IRU
(PSOR\HUV¶ /LDELOLW\ DV LV DSSURSULDWH IRU WKH :RUN EHLQJ SHUIRUPHG DQG DV ZLOO SURYLGH
SURWHFWLRQ IURP FODLPV VHW IRUWK EHORZ ZKLFK PD\ DULVH RXW RI RU UHVXOW IURP &RQWUDFWRU¶V
SHUIRUPDQFH RI WKH :RUN DQG &RQWUDFWRU¶V RWKHU REOLJDWLRQV XQGHU WKH &RQWUDFW 'RFXPHQWV
ZKHWKHULWLVWREHSHUIRUPHGE\&RQWUDFWRUDQ\6XEFRQWUDFWRURU6XSSOLHURUE\DQ\RQHGLUHFWO\
RULQGLUHFWO\HPSOR\HGE\DQ\RIWKHPWRSHUIRUPDQ\RIWKH:RUNRUE\DQ\RQHIRUZKRVHDFWV
DQ\RIWKHPPD\EHOLDEOH
FODLPVXQGHUZRUNHUV¶FRPSHQVDWLRQGLVDELOLW\EHQHILWVDQGRWKHUVLPLODUHPSOR\HHEHQHILW
DFWV
FODLPVIRUGDPDJHVEHFDXVHRIERGLO\LQMXU\RFFXSDWLRQDOVLFNQHVVRUGLVHDVHRUGHDWKRI
&RQWUDFWRU¶VHPSOR\HHV
%&RPPHUFLDO*HQHUDO/LDELOLW\&RYHUDJHVKDOOLQFOXGHEXWQRWEHOLPLWHGWRFRYHULQJOLDELOLW\
ERGLO\LQMXU\RUSURSHUW\GDPDJHDULVLQJIURPSUHPLVHVRSHUDWLRQVLQGHSHQGHQWFRQWUDFWRUV
SURGXFWVFRPSOHWHG RSHUDWLRQV SHUVRQDO LQMXU\ OLDELOLW\ XQGHU DQ LQVXUHG FRQWUDFW DQG
H[SORVLRQFROODSVHXQGHUJURXQGZKHUHWKRVHH[SRVXUHVH[LVW,QVXUDQFHVKDOOEHSURYLGHGRQDQ
RFFXUUHQFHEDVLVDQGDVFRPSUHKHQVLYHDVWKHFXUUHQW,QVXUDQFH6HUYLFHV2IILFH,62SROLF\
7KLVLQVXUDQFHVKDOODSSO\DVSULPDU\LQVXUDQFHZLWKUHVSHFWWRDQ\RWKHU
LQVXUDQFHRUVHOILQVXUDQFHSURJUDPVDIIRUGHGWRWKH&LW\7KH&RPPHUFLDO*HQHUDO/LDELOLW\
SROLF\VKDOOKDYHQRH[FOXVLRQVE\HQGRUVHPHQWVWKDWZRXOGDOWHURIQXOOLI\SUHPLVHVRSHUDWLRQV
SURGXFWVFRPSOHWHG RSHUDWLRQV FRQWUDFWXDO SHUVRQDO LQMXU\ RU DGYHUWLVLQJ LQMXU\ ZKLFK DUH
QRUPDOO\FRQWDLQHGZLWKWKHSROLF\XQOHVVWKH&LW\DSSURYHVVXFKH[FOXVLRQVLQZULWLQJ
)RUFRQVWUXFWLRQSURMHFWVWKDWSUHVHQWDVXEVWDQWLDOFRPSOHWHGRSHUDWLRQH[SRVXUHWKH&LW\PD\
UHTXLUHWKHFRQWUDFWRUWRPDLQWDLQFRPSOHWHGRSHUDWLRQVFRYHUDJHIRUDPLQLPXPRIQROHVVWKDQ
WKUHH \HDUV IROORZLQJ WKH FRPSOHWLRQ RI WKH SURMHFW LI LGHQWLILHGLQWKH6XSSOHPHQWDU\
&RQGLWLRQV
&$XWRPRELOH/LDELOLW\$FRPPHUFLDOEXVLQHVVDXWRSROLF\VKDOOSURYLGHFRYHUDJHRQ³DQ\DXWR´
GHILQHGDVDXWRVRZQHGKLUHGDQGQRQRZQHGDQGSURYLGHLQGHPQLW\IRUFODLPVIRUGDPDJHV
EHFDXVHERGLO\LQMXU\RUGHDWKRIDQ\SHUVRQDQGRUSURSHUW\GDPDJHDULVLQJRXWRIWKHZRUN
PDLQWHQDQFHRUXVHRIDQ\PRWRUYHKLFOHE\WKH&RQWUDFWRUDQ\6XEFRQWUDFWRURU6XSSOLHURUE\
DQ\RQHGLUHFWO\RULQGLUHFWO\HPSOR\HGE\DQ\RIWKHPWRSHUIRUPDQ\RIWKH:RUNRUE\DQ\RQH
IRUZKRVHDFWVDQ\RIWKHPPD\EHOLDEOH
DocuSign Envelope ID: AE73A2C9-2DA1-4E69-954D-5B1574F66708
*(1(5$/&21',7,216
3DJHRI
&,7<2)'(1721
67$1'$5'&216758&7,2163(&,),&$7,21'2&80(176
5HYLVHG6HSWHPEHU
'5DLOURDG3URWHFWLYH/LDELOLW\,IDQ\RIWKHZRUNRUDQ\ZDUUDQW\ZRUNLVZLWKLQWKHOLPLWVRI
UDLOURDG ULJKWRIZD\ WKH &RQWUDFWRU VKDOO FRPSO\ ZLWK WKH UHTXLUHPHQWV LGHQWLILHG LQ WKH
6XSSOHPHQWDU\&RQGLWLRQV
(1RWLILFDWLRQRI3ROLF\&DQFHOODWLRQ&RQWUDFWRUVKDOOLPPHGLDWHO\QRWLI\&LW\XSRQFDQFHOODWLRQ
RURWKHUORVVRILQVXUDQFHFRYHUDJH&RQWUDFWRUVKDOOVWRSZRUNXQWLOUHSODFHPHQWLQVXUDQFHKDV
EHHQSURFXUHG7KHUHVKDOOEHQRWLPHFUHGLWIRUGD\VQRWZRUNHGSXUVXDQWWRWKLVVHFWLRQ
$FFHSWDQFHRI%RQGVDQG,QVXUDQFH2SWLRQWR5HSODFH
,I&LW\KDVDQ\REMHFWLRQWRWKHFRYHUDJHDIIRUGHGE\RURWKHUSURYLVLRQVRIWKHERQGVRULQVXUDQFH
UHTXLUHGWREHSXUFKDVHGDQGPDLQWDLQHGE\WKH&RQWUDFWRULQDFFRUGDQFHZLWK$UWLFOHRQWKHEDVLV
RIQRQFRQIRUPDQFHZLWKWKH&RQWUDFW'RFXPHQWVWKH&LW\VKDOOVRQRWLI\WKH&RQWUDFWRULQZULWLQJ
ZLWKLQ%XVLQHVV'D\VDIWHUUHFHLSWRIWKHFHUWLILFDWHVRURWKHUHYLGHQFHUHTXHVWHG&RQWUDFWRU
VKDOOSURYLGHWRWKH&LW\VXFKDGGLWLRQDOLQIRUPDWLRQLQUHVSHFWRILQVXUDQFHSURYLGHGDVWKH&LW\PD\
UHDVRQDEO\ UHTXHVW ,I &RQWUDFWRU GRHV QRW SXUFKDVH RU PDLQWDLQ DOO RI WKH ERQGV DQG LQVXUDQFH
UHTXLUHGE\WKH&RQWUDFW'RFXPHQWVWKH&LW\VKDOOQRWLI\WKH&RQWUDFWRULQZULWLQJRIVXFKIDLOXUH
SULRUWRWKHVWDUWRIWKH:RUNRURIVXFKIDLOXUHWRPDLQWDLQSULRUWRDQ\FKDQJHLQWKHUHTXLUHG
FRYHUDJH
$57,&/(±&2175$&725¶65(63216,%,/,7,(6
6XSHUYLVLRQDQG6XSHULQWHQGHQFH
$&RQWUDFWRUVKDOOVXSHUYLVHLQVSHFWDQGGLUHFWWKH:RUNFRPSHWHQWO\DQGHIILFLHQWO\GHYRWLQJ
VXFKDWWHQWLRQWKHUHWRDQGDSSO\LQJVXFKVNLOOVDQGH[SHUWLVHDVPD\EHQHFHVVDU\WRSHUIRUPWKH
:RUNLQDFFRUGDQFHZLWKWKH&RQWUDFW'RFXPHQWV&RQWUDFWRUVKDOOEHVROHO\UHVSRQVLEOHIRUWKH
PHDQVPHWKRGVWHFKQLTXHVVHTXHQFHVDQGSURFHGXUHVRIFRQVWUXFWLRQ
%$W DOO WLPHV GXULQJ WKH SURJUHVV RI WKH :RUN &RQWUDFWRU VKDOODVVLJQ D FRPSHWHQW
6XSHULQWHQGHQWZKRLVSURILFLHQWLQ(QJOLVKDQGZKRVKDOOQRWEHUHSODFHGZLWKRXWZULWWHQ
QRWLFHWR&LW\,IDWDQ\WLPHWKH6XSHULQWHQGHQWLVQRWVDWLVIDFWRU\WRWKH&LW\&RQWUDFWRUVKDOOLI
UHTXHVWHGE\&LW\UHSODFHWKH6XSHULQWHQGHQWZLWKDQRWKHUVDWLVIDFWRU\WR&LW\
&&RQWUDFWRU VKDOO QRWLI\ WKH &LW\ KRXUV SULRU WR PRYLQJ DUHDV GXULQJ WKH VHTXHQFH RI
FRQVWUXFWLRQ
/DERU:RUNLQJ+RXUV
$&RQWUDFWRU VKDOO SURYLGH FRPSHWHQW VXLWDEO\ TXDOLILHG SHUVRQQHO WR SHUIRUP FRQVWUXFWLRQ DV
UHTXLUHGE\WKH&RQWUDFW'RFXPHQWV&RQWUDFWRUVKDOODWDOOWLPHVPDLQWDLQJRRGGLVFLSOLQHDQG
RUGHUDWWKH6LWH
%([FHSWDVRWKHUZLVHUHTXLUHGIRUWKHVDIHW\RUSURWHFWLRQRISHUVRQVRUWKH:RUNRUSURSHUW\DW
WKH6LWHRUDGMDFHQWWKHUHWRDQGH[FHSWDVRWKHUZLVHVWDWHGLQWKH&RQWUDFW'RFXPHQWVDOO:RUN
DWWKH6LWHVKDOOEHSHUIRUPHGGXULQJ5HJXODU:RUNLQJ+RXUV&RQWUDFWRUZLOOQRWSHUPLWWKH
DocuSign Envelope ID: AE73A2C9-2DA1-4E69-954D-5B1574F66708
*(1(5$/&21',7,216
3DJHRI
&,7<2)'(1721
67$1'$5'&216758&7,2163(&,),&$7,21'2&80(176
5HYLVHG6HSWHPEHU
SHUIRUPDQFHRI:RUNEH\RQG5HJXODU:RUNLQJ+RXUVRUIRU:HHNHQG:RUNLQJ+RXUVZLWKRXW
&LW\¶VZULWWHQFRQVHQWZKLFKZLOOQRWEHXQUHDVRQDEO\ZLWKKHOG:ULWWHQUHTXHVWE\OHWWHURU
HOHFWURQLFFRPPXQLFDWLRQWRSHUIRUP:RUN
IRUEH\RQG5HJXODU:RUNLQJ+RXUVUHTXHVWPXVWEHPDGHE\QRRQDWOHDVWWZR%XVLQHVV
'D\VSULRU
IRU:HHNHQG:RUNLQJ+RXUVUHTXHVWPXVWEHPDGHE\QRRQRIWKHSUHFHGLQJ:HGQHVGD\
IRU OHJDO KROLGD\V UHTXHVW PXVW EH PDGH E\ QRRQ VHYHQ 'D\V SULRU WR WKH OHJDO
KROLGD\
6HUYLFHV0DWHULDOVDQG(TXLSPHQW
$8QOHVVRWKHUZLVHVSHFLILHGLQWKH&RQWUDFW'RFXPHQWV&RQWUDFWRUVKDOOSURYLGHDQGDVVXPHIXOO
UHVSRQVLELOLW\IRUDOOVHUYLFHVPDWHULDOVHTXLSPHQWODERUWUDQVSRUWDWLRQFRQVWUXFWLRQHTXLSPHQW
DQGPDFKLQHU\WRROVDSSOLDQFHVIXHOSRZHUOLJKWKHDWWHOHSKRQHZDWHUVDQLWDU\IDFLOLWLHV
WHPSRUDU\ IDFLOLWLHV DQG DOO RWKHU IDFLOLWLHV DQG LQFLGHQWDOVQHFHVVDU\ IRU WKH SHUIRUPDQFH
&RQWUDFWRUUHTXLUHGWHVWLQJVWDUWXSDQGFRPSOHWLRQRIWKH:RUNZKHWKHURUQRWVXFKLWHPVDUH
VSHFLILFDOO\FDOOHGIRULQWKH&RQWUDFW'RFXPHQWV
%$OOPDWHULDOVDQGHTXLSPHQWLQFRUSRUDWHGLQWRWKH:RUNVKDOOEHDVVSHFLILHGRULIQRWVSHFLILHG
VKDOOEHRIVXIILFLHQWTXDOLW\WRFRPSOHWHWKH:RUNDQGQHZH[FHSWDVRWKHUZLVHSURYLGHGLQWKH
&RQWUDFW'RFXPHQWV$OOVSHFLDOZDUUDQWLHVDQGJXDUDQWHHVUHTXLUHGE\WKH6SHFLILFDWLRQVVKDOO
H[SUHVVO\UXQWRWKHEHQHILWRI&LW\,IUHTXLUHGE\&LW\&RQWUDFWRUVKDOOIXUQLVKVDWLVIDFWRU\
HYLGHQFHLQFOXGLQJUHSRUWVRIUHTXLUHGWHVWVDVWRWKHVRXUFHNLQGDQGTXDOLW\RIPDWHULDOVDQG
HTXLSPHQW
&$OOPDWHULDOVDQGHTXLSPHQWWREHLQFRUSRUDWHGLQWRWKH:RUNVKDOOEHVWRUHGDSSOLHGLQVWDOOHG
FRQQHFWHGHUHFWHGSURWHFWHGXVHGFOHDQHGDQGFRQGLWLRQHGLQDFFRUGDQFHZLWKLQVWUXFWLRQVRI
WKHDSSOLFDEOH6XSSOLHUH[FHSWDVRWKHUZLVHPD\EHSURYLGHGLQWKH&RQWUDFW'RFXPHQWV
'$OOLWHPVRIVWDQGDUGHTXLSPHQWWREHLQFRUSRUDWHGLQWRWKH:RUNVKDOOEHWKHODWHVWPRGHODWWKH
WLPHRIELGXQOHVVRWKHUZLVHVSHFLILHG
3URMHFW6FKHGXOH
$&RQWUDFWRUVKDOODGKHUHWRWKH3URMHFW6FKHGXOHHVWDEOLVKHGLQDFFRUGDQFHZLWK3DUDJUDSK
DQGWKH*HQHUDO5HTXLUHPHQWVDVLWPD\EHDGMXVWHGIURPWLPHWRWLPHDVSURYLGHGEHORZ
&RQWUDFWRUVKDOOVXEPLWWR&LW\IRUDFFHSWDQFHWRWKHH[WHQWLQGLFDWHGLQ3DUDJUDSKDQG
WKH*HQHUDO5HTXLUHPHQWVSURSRVHGDGMXVWPHQWVLQWKH3URMHFW6FKHGXOHWKDWZLOOQRWUHVXOW
LQFKDQJLQJWKH&RQWUDFW7LPH6XFKDGMXVWPHQWVZLOOFRPSO\ZLWKDQ\SURYLVLRQVRIWKH
*HQHUDO5HTXLUHPHQWVDSSOLFDEOHWKHUHWR
&RQWUDFWRUVKDOOVXEPLWWR&LW\DPRQWKO\3URMHFW6FKHGXOHZLWKDPRQWKO\SURJUHVVSD\PHQW
DocuSign Envelope ID: AE73A2C9-2DA1-4E69-954D-5B1574F66708
*(1(5$/&21',7,216
3DJHRI
&,7<2)'(1721
67$1'$5'&216758&7,2163(&,),&$7,21'2&80(176
5HYLVHG6HSWHPEHU
IRUWKHGXUDWLRQRIWKH&RQWUDFWLQDFFRUGDQFHZLWKWKHVFKHGXOHVSHFLILFDWLRQ
3URSRVHGDGMXVWPHQWVLQWKH3URMHFW6FKHGXOHWKDWZLOOFKDQJHWKH&RQWUDFW7LPHVKDOOEH
VXEPLWWHGLQDFFRUGDQFHZLWKWKHUHTXLUHPHQWVRI$UWLFOH$GMXVWPHQWVLQ&RQWUDFW7LPH
PD\RQO\EHPDGHE\D&KDQJH2UGHU
6XEVWLWXWHVDQG³2U(TXDOV´
$:KHQHYHUDQLWHPRIPDWHULDORUHTXLSPHQWLVVSHFLILHGRUGHVFULEHGLQWKH&RQWUDFW'RFXPHQWV
E\XVLQJWKHQDPHRIDSURSULHWDU\LWHPRUWKHQDPHRIDSDUWLFXODU6XSSOLHUWKHVSHFLILFDWLRQRU
GHVFULSWLRQLVLQWHQGHGWRHVWDEOLVKWKHW\SHIXQFWLRQDSSHDUDQFHDQGTXDOLW\UHTXLUHG8QOHVV
WKHVSHFLILFDWLRQRUGHVFULSWLRQFRQWDLQVRULVIROORZHGE\ZRUGVUHDGLQJWKDWQROLNHHTXLYDOHQW
RU³RUHTXDO´LWHPRUQRVXEVWLWXWLRQLVSHUPLWWHGRWKHULWHPVRIPDWHULDORUHTXLSPHQWRIRWKHU
6XSSOLHUVPD\EHVXEPLWWHGWR&LW\IRUUHYLHZXQGHUWKHFLUFXPVWDQFHVGHVFULEHGEHORZ
³2U(TXDO´,WHPV,ILQ&LW\¶VVROHGLVFUHWLRQDQLWHPRIPDWHULDORUHTXLSPHQWSURSRVHGE\
&RQWUDFWRULVIXQFWLRQDOO\HTXDOWRWKDWQDPHGDQGVXIILFLHQWO\VLPLODUVRWKDWQRFKDQJHLQ
UHODWHG:RUNZLOOEHUHTXLUHGLWPD\EHFRQVLGHUHGE\&LW\DVDQ³RUHTXDO´LWHPLQZKLFK
FDVH UHYLHZ DQG DSSURYDO RI WKH SURSRVHG LWHP PD\ LQ &LW\¶V VROH GLVFUHWLRQ EH
DFFRPSOLVKHG ZLWKRXW FRPSOLDQFH ZLWK VRPH RU DOO RI WKH UHTXLUHPHQWV IRU DSSURYDO RI
SURSRVHGVXEVWLWXWHLWHPV)RUWKHSXUSRVHVRIWKLV3DUDJUDSK$DSURSRVHGLWHPRI
PDWHULDORUHTXLSPHQWZLOOEHFRQVLGHUHGIXQFWLRQDOO\HTXDOWRDQLWHPVRQDPHGLI
DWKH&LW\GHWHUPLQHVWKDW
LWLVDWOHDVWHTXDOLQPDWHULDOVRIFRQVWUXFWLRQTXDOLW\GXUDELOLW\DSSHDUDQFH
VWUHQJWKDQGGHVLJQFKDUDFWHULVWLFV
LWZLOOUHOLDEO\SHUIRUPDWOHDVWHTXDOO\ZHOOWKHIXQFWLRQDQGDFKLHYHWKHUHVXOWV
LPSRVHGE\WKHGHVLJQFRQFHSWRIWKHFRPSOHWHG3URMHFWDVDIXQFWLRQLQJZKROHDQG
LWKDVDSURYHQUHFRUGRISHUIRUPDQFHDQGDYDLODELOLW\RIUHVSRQVLYHVHUYLFHDQG
LWLVQRWREMHFWLRQDEOHWRWKH&LW\E&RQWUDFWRUFHUWLILHVWKDWLIDSSURYHGDQGLQFRUSRUDWHGLQWRWKH:RUN
WKHUHZLOOEHQRLQFUHDVHLQFRVWWRWKH&LW\RULQFUHDVHLQ&RQWUDFW7LPHDQG
LWZLOOFRQIRUPVXEVWDQWLDOO\WRWKHGHWDLOHGUHTXLUHPHQWVRIWKHLWHPQDPHGLQWKH
&RQWUDFW'RFXPHQWV
6XEVWLWXWH,WHPV
D,ILQ&LW\¶VVROHGLVFUHWLRQDQLWHPRIPDWHULDORUHTXLSPHQWSURSRVHGE\&RQWUDFWRUGRHV
QRWTXDOLI\DVDQ³RUHTXDO´LWHPXQGHU3DUDJUDSK$LWPD\EHVXEPLWWHGDVD
DocuSign Envelope ID: AE73A2C9-2DA1-4E69-954D-5B1574F66708
*(1(5$/&21',7,216
3DJHRI
&,7<2)'(1721
67$1'$5'&216758&7,2163(&,),&$7,21'2&80(176
5HYLVHG6HSWHPEHU
SURSRVHGVXEVWLWXWHLWHP
E&RQWUDFWRU VKDOO VXEPLW VXIILFLHQW LQIRUPDWLRQ DV SURYLGHG EHORZ WR DOORZ &LW\ WR
GHWHUPLQHLIWKHLWHPRIPDWHULDORUHTXLSPHQWSURSRVHGLVHVVHQWLDOO\HTXLYDOHQWWRWKDW
QDPHGDQGDQDFFHSWDEOHVXEVWLWXWHWKHUHIRU5HTXHVWVIRUUHYLHZRISURSRVHGVXEVWLWXWH
LWHPVRIPDWHULDORUHTXLSPHQWZLOOQRWEHDFFHSWHGE\&LW\IURPDQ\RQHRWKHUWKDQ
&RQWUDFWRU
F&RQWUDFWRUVKDOOPDNHZULWWHQDSSOLFDWLRQWR&LW\IRUUHYLHZRIDSURSRVHGVXEVWLWXWHLWHP
RIPDWHULDORUHTXLSPHQWWKDW&RQWUDFWRUVHHNVWRIXUQLVKRUXVH7KHDSSOLFDWLRQVKDOO
FRPSO\ZLWK6HFWLRQDQG
VKDOOFHUWLI\WKDWWKHSURSRVHGVXEVWLWXWHLWHPZLOO
DSHUIRUPDGHTXDWHO\WKHIXQFWLRQVDQGDFKLHYHWKHUHVXOWVFDOOHGIRUE\WKHJHQHUDO
GHVLJQ
EEHVLPLODULQVXEVWDQFHWRWKDWVSHFLILHG
FEHVXLWHGWRWKHVDPHXVHDVWKDWVSHFLILHGDQG
ZLOOVWDWH
DWKHH[WHQWLIDQ\WRZKLFKWKHXVHRIWKHSURSRVHGVXEVWLWXWHLWHPZLOOSUHMXGLFH
&RQWUDFWRU¶VDFKLHYHPHQWRIILQDOFRPSOHWLRQRQWLPH
EZKHWKHUXVHRIWKHSURSRVHGVXEVWLWXWHLWHPLQWKH:RUNZLOOUHTXLUHDFKDQJHLQ
DQ\RIWKH&RQWUDFW'RFXPHQWVRULQWKHSURYLVLRQVRIDQ\RWKHUGLUHFWFRQWUDFW
ZLWK&LW\IRURWKHUZRUNRQWKH3URMHFWWRDGDSWWKHGHVLJQWRWKHSURSRVHG
VXEVWLWXWHLWHP
FZKHWKHULQFRUSRUDWLRQRUXVHRIWKHSURSRVHGVXEVWLWXWHLWHPLQFRQQHFWLRQZLWK
WKH:RUNLVVXEMHFWWRSD\PHQWRIDQ\OLFHQVHIHHRUUR\DOW\DQG
ZLOOLGHQWLI\
DDOOYDULDWLRQVRIWKHSURSRVHGVXEVWLWXWHLWHPIURPWKDWVSHFLILHG
EDYDLODEOHHQJLQHHULQJVDOHVPDLQWHQDQFHUHSDLUDQGUHSODFHPHQWVHUYLFHVDQG
VKDOOFRQWDLQDQLWHPL]HGHVWLPDWHRIDOOFRVWVRUFUHGLWVWKDWZLOOUHVXOWGLUHFWO\RU
LQGLUHFWO\IURPXVHRIVXFKVXEVWLWXWHLWHPLQFOXGLQJFRVWVRIUHGHVLJQDQG'DPDJH
&ODLPVRIRWKHUFRQWUDFWRUVDIIHFWHGE\DQ\UHVXOWLQJFKDQJH
%6XEVWLWXWH &RQVWUXFWLRQ 0HWKRGV RU 3URFHGXUHV ,I D VSHFLILF PHDQV PHWKRG WHFKQLTXH
VHTXHQFH RU SURFHGXUH RI FRQVWUXFWLRQ LV H[SUHVVO\ UHTXLUHG E\ WKH &RQWUDFW 'RFXPHQWV
&RQWUDFWRUPD\IXUQLVKRUXWLOL]HDVXEVWLWXWHPHDQVPHWKRGWHFKQLTXHVHTXHQFHRUSURFHGXUH
DocuSign Envelope ID: AE73A2C9-2DA1-4E69-954D-5B1574F66708
*(1(5$/&21',7,216
3DJHRI
&,7<2)'(1721
67$1'$5'&216758&7,2163(&,),&$7,21'2&80(176
5HYLVHG6HSWHPEHU
RIFRQVWUXFWLRQDSSURYHGE\&LW\&RQWUDFWRUVKDOOVXEPLWVXIILFLHQWLQIRUPDWLRQWRDOORZ&LW\LQ
&LW\¶VVROHGLVFUHWLRQWRGHWHUPLQHWKDWWKHVXEVWLWXWHSURSRVHGLVHTXLYDOHQWWRWKDWH[SUHVVO\
FDOOHGIRUE\WKH&RQWUDFW'RFXPHQWV&RQWUDFWRUVKDOOPDNHZULWWHQDSSOLFDWLRQWR&LW\IRU
UHYLHZLQWKHVDPHPDQQHUDVWKRVHSURYLGHGLQ3DUDJUDSK$
&&LW\¶V (YDOXDWLRQ&LW\ ZLOO EH DOORZHG D UHDVRQDEOH WLPH ZLWKLQ ZKLFK WR HYDOXDWHHDFK
SURSRVDO RU VXEPLWWDO PDGH SXUVXDQW WR 3DUDJUDSKV $ DQG %&LW\PD\UHTXLUH
&RQWUDFWRUWRIXUQLVKDGGLWLRQDOGDWDDERXWWKHSURSRVHGVXEVWLWXWH&LW\ZLOOEHWKHVROHMXGJHRI
DFFHSWDELOLW\1R³RUHTXDO´RUVXEVWLWXWHZLOOEHRUGHUHGLQVWDOOHGRUXWLOL]HGXQWLO&LW\¶VUHYLHZ
LVFRPSOHWHZKLFKZLOOEHHYLGHQFHGE\D&KDQJH2UGHULQWKHFDVHRIDVXEVWLWXWHDQGDQ
DFFHSWHG6XEPLWWDOIRUDQ³RUHTXDO´&LW\ZLOODGYLVH&RQWUDFWRULQZULWLQJRILWVGHWHUPLQDWLRQ
'6SHFLDO*XDUDQWHH&LW\PD\UHTXLUH&RQWUDFWRUWRIXUQLVKDW&RQWUDFWRU¶VH[SHQVHDVSHFLDO
SHUIRUPDQFHJXDUDQWHHZDUUDQW\RURWKHUVXUHW\ZLWKUHVSHFWWRDQ\VXEVWLWXWH&RQWUDFWRUVKDOO
LQGHPQLI\DQGKROGKDUPOHVV&LW\DQGDQ\RQHGLUHFWO\RULQGLUHFWO\HPSOR\HGE\WKHPIURP
DQG DJDLQVW DQ\ DQG DOO FODLPVGDPDJHV ORVVHV DQG H[SHQVHV LQFOXGLQJ DWWRUQH\V IHHV
DULVLQJRXWRIWKHXVHRIVXEVWLWXWHGPDWHULDOVRUHTXLSPHQW
(&LW\¶V&RVW5HLPEXUVHPHQW&LW\ZLOOUHFRUG&LW\¶VFRVWVLQHYDOXDWLQJDVXEVWLWXWHSURSRVHGRU
VXEPLWWHG E\ &RQWUDFWRU SXUVXDQW WR 3DUDJUDSKV $ DQG % :KHWKHU RU QRW &LW\
DSSURYHVDVXEVWLWXWHVRSURSRVHGRUVXEPLWWHGE\&RQWUDFWRU&RQWUDFWRUPD\EHUHTXLUHGWR
UHLPEXUVH&LW\IRUHYDOXDWLQJHDFKVXFKSURSRVHGVXEVWLWXWH&RQWUDFWRUPD\DOVREHUHTXLUHGWR
UHLPEXUVH&LW\IRUWKHFKDUJHVIRUPDNLQJFKDQJHVLQWKH&RQWUDFW'RFXPHQWVRULQWKH
SURYLVLRQVRIDQ\RWKHUGLUHFWFRQWUDFWZLWK&LW\UHVXOWLQJIURPWKHDFFHSWDQFHRIHDFKSURSRVHG
VXEVWLWXWH
)&RQWUDFWRU¶V([SHQVH&RQWUDFWRUVKDOOSURYLGHDOOGDWDLQVXSSRUWRIDQ\SURSRVHGVXEVWLWXWHRU
³RUHTXDO´DW&RQWUDFWRU¶VH[SHQVH
*&LW\ 6XEVWLWXWH 5HLPEXUVHPHQW &RVWV VDYLQJV RU FKDUJHV DWWULEXWDEOH WR DFFHSWDQFH RI D
VXEVWLWXWHVKDOOEHLQFRUSRUDWHGWRWKH&RQWUDFWE\&KDQJH2UGHU
+7LPH([WHQVLRQV1RDGGLWLRQDOWLPHZLOOEHJUDQWHGIRUVXEVWLWXWLRQV
&RQFHUQLQJ6XEFRQWUDFWRUV6XSSOLHUVDQG2WKHUV
$&RQWUDFWRUVKDOOSHUIRUPZLWKKLVRZQRUJDQL]DWLRQZRUNRIDYDOXHQRWOHVVWKDQRIWKH
YDOXHHPEUDFHGRQWKH&RQWUDFWXQOHVVRWKHUZLVHDSSURYHGE\WKH&LW\
%&RQWUDFWRUVKDOOQRWHPSOR\DQ\6XEFRQWUDFWRU6XSSOLHURURWKHULQGLYLGXDORUHQWLW\ZKHWKHU
LQLWLDOO\RUDVDUHSODFHPHQWDJDLQVWZKRP&LW\PD\KDYHUHDVRQDEOHREMHFWLRQ&RQWUDFWRUVKDOO
QRWEHUHTXLUHGWRHPSOR\DQ\6XEFRQWUDFWRU6XSSOLHURURWKHULQGLYLGXDORUHQWLW\WRIXUQLVKRU
SHUIRUPDQ\RIWKH:RUNDJDLQVWZKRP&RQWUDFWRUKDVUHDVRQDEOHREMHFWLRQH[FOXGLQJWKRVH
DFFHSWDEOHWR&LW\DVLQGLFDWHGLQ3DUDJUDSK&
&7KH&LW\PD\IURPWLPHWRWLPHUHTXLUHWKHXVHRIFHUWDLQ6XEFRQWUDFWRUV6XSSOLHUVRURWKHU
DocuSign Envelope ID: AE73A2C9-2DA1-4E69-954D-5B1574F66708
*(1(5$/&21',7,216
3DJHRI
&,7<2)'(1721
67$1'$5'&216758&7,2163(&,),&$7,21'2&80(176
5HYLVHG6HSWHPEHU
LQGLYLGXDOVRUHQWLWLHVRQWKHSURMHFWDQGZLOOSURYLGHVXFKUHTXLUHPHQWVLQWKH6XSSOHPHQWDU\
&RQGLWLRQV
'&RQWUDFWRUVKDOOEHIXOO\UHVSRQVLEOHWR&LW\IRUDOODFWVDQGRPLVVLRQVRIWKH6XEFRQWUDFWRUV
6XSSOLHUVDQGRWKHULQGLYLGXDOVRUHQWLWLHVSHUIRUPLQJRUIXUQLVKLQJDQ\RIWKH:RUNMXVWDV
&RQWUDFWRU LV UHVSRQVLEOH IRU &RQWUDFWRU¶V RZQ DFWV DQG RPLVVLRQV 1RWKLQJ LQ WKH &RQWUDFW
'RFXPHQWV
VKDOOFUHDWHIRUWKHEHQHILWRIDQ\VXFK6XEFRQWUDFWRU6XSSOLHURURWKHULQGLYLGXDORUHQWLW\
DQ\ FRQWUDFWXDO UHODWLRQVKLSEHWZHHQ &LW\ DQG DQ\ VXFK 6XEFRQWUDFWRU 6XSSOLHU RU RWKHU
LQGLYLGXDORUHQWLW\QRU
VKDOOFUHDWHDQ\REOLJDWLRQRQWKHSDUWRI&LW\WRSD\RUWRVHHWRWKHSD\PHQWRIDQ\PRQH\V
GXHDQ\VXFK6XEFRQWUDFWRU6XSSOLHURURWKHULQGLYLGXDORUHQWLW\H[FHSWDVPD\RWKHUZLVH
EHUHTXLUHGE\/DZVDQG5HJXODWLRQV
(&RQWUDFWRU VKDOO EH VROHO\ UHVSRQVLEOH IRU VFKHGXOLQJ DQG FRRUGLQDWLQJ WKH :RUN RI
6XEFRQWUDFWRUV6XSSOLHUVDQGRWKHULQGLYLGXDOVRUHQWLWLHVSHUIRUPLQJRUIXUQLVKLQJDQ\RIWKH
:RUNXQGHUDGLUHFWRULQGLUHFWFRQWUDFWZLWK&RQWUDFWRU
)$OO6XEFRQWUDFWRUV6XSSOLHUVDQGVXFKRWKHULQGLYLGXDOVRUHQWLWLHVSHUIRUPLQJRUIXUQLVKLQJDQ\
RIWKH:RUNVKDOOFRPPXQLFDWHZLWK&LW\WKURXJK&RQWUDFWRU
*$OO :RUN SHUIRUPHG IRU &RQWUDFWRU E\ D 6XEFRQWUDFWRU RU 6XSSOLHUZLOOEHSXUVXDQWWRDQ
DSSURSULDWHDJUHHPHQWEHWZHHQ&RQWUDFWRUDQGWKH6XEFRQWUDFWRURU6XSSOLHUZKLFKVSHFLILFDOO\
ELQGV WKH 6XEFRQWUDFWRU RU 6XSSOLHU WR WKH DSSOLFDEOH WHUPV DQG FRQGLWLRQV RI WKH &RQWUDFW
'RFXPHQWVIRUWKHEHQHILWRI&LW\
:DJH5DWHV
$'XW\ WR SD\ 3UHYDLOLQJ :DJH 5DWHV7KH &RQWUDFWRU VKDOO FRPSO\ ZLWK DOO UHTXLUHPHQWV RI
&KDSWHU7H[DV*RYHUQPHQW&RGHDVDPHQGHGLQFOXGLQJWKHSD\PHQWRIQRWOHVVWKDQWKH
UDWHVGHWHUPLQHGE\WKH&LW\&RXQFLORIWKH&LW\RI'HQWRQWREHWKHSUHYDLOLQJZDJHUDWHVLQ
DFFRUGDQFH ZLWK &KDSWHU 6XFK SUHYDLOLQJ ZDJH UDWHV DUH LQFOXGHG LQ WKHVH &RQWUDFW
'RFXPHQWV
%3HQDOW\IRU9LRODWLRQ$&RQWUDFWRURUDQ\6XEFRQWUDFWRUZKRGRHVQRWSD\WKHSUHYDLOLQJZDJH
VKDOOXSRQGHPDQGPDGHE\WKH&LW\SD\WRWKH&LW\IRUHDFKZRUNHUHPSOR\HGIRUHDFK
FDOHQGDU GD\ RU SDUW RI WKH GD\ WKDW WKH ZRUNHU LV SDLG OHVV WKDQ WKH SUHYDLOLQJ ZDJH UDWHV
VWLSXODWHGLQWKHVHFRQWUDFWGRFXPHQWV7KLVSHQDOW\VKDOOEHUHWDLQHGE\WKH&LW\WRRIIVHWLWV
DGPLQLVWUDWLYHFRVWVSXUVXDQWWR7H[DV*RYHUQPHQW&RGH
&&RPSODLQWVRI9LRODWLRQVDQG&LW\'HWHUPLQDWLRQRI*RRG&DXVH2QUHFHLSWRILQIRUPDWLRQ
LQFOXGLQJ D FRPSODLQW E\ D ZRUNHU FRQFHUQLQJ DQ DOOHJHG YLRODWLRQ RI 7H[DV
*RYHUQPHQW &RGH E\ D &RQWUDFWRU RU 6XEFRQWUDFWRU WKH&LW\ VKDOO PDNH DQ LQLWLDO
GHWHUPLQDWLRQEHIRUHWKHVWGD\DIWHUWKHGDWHWKH&LW\UHFHLYHVWKHLQIRUPDWLRQDVWRZKHWKHU
DocuSign Envelope ID: AE73A2C9-2DA1-4E69-954D-5B1574F66708
*(1(5$/&21',7,216
3DJHRI
&,7<2)'(1721
67$1'$5'&216758&7,2163(&,),&$7,21'2&80(176
5HYLVHG6HSWHPEHU
JRRGFDXVHH[LVWVWREHOLHYHWKDWWKHYLRODWLRQRFFXUUHG 7KH&LW\VKDOOQRWLI\LQZULWLQJWKH
&RQWUDFWRURU6XEFRQWUDFWRUDQGDQ\DIIHFWHGZRUNHURILWVLQLWLDOGHWHUPLQDWLRQ 8SRQWKH&LW\¶V
GHWHUPLQDWLRQWKDWWKHUHLVJRRGFDXVHWREHOLHYHWKH&RQWUDFWRURU6XEFRQWUDFWRUKDVYLRODWHG
&KDSWHUWKH&LW\VKDOOUHWDLQWKHIXOODPRXQWVFODLPHGE\WKHFODLPDQWRUFODLPDQWVDVWKH
GLIIHUHQFHEHWZHHQZDJHVSDLGDQGZDJHVGXHXQGHUWKHSUHYDLOLQJZDJHUDWHVVXFKDPRXQWV
EHLQJ VXEWUDFWHG IURP VXFFHVVLYH SURJUHVV SD\PHQWV SHQGLQJ D ILQDO GHWHUPLQDWLRQ RI WKH
YLRODWLRQ
'$UELWUDWLRQ 5HTXLUHG LI 9LRODWLRQ 1RW 5HVROYHG$Q LVVXH UHODWLQJ WR DQ DOOHJHG YLRODWLRQ RI
6HFWLRQ7H[DV*RYHUQPHQW&RGHLQFOXGLQJDSHQDOW\RZHGWRWKH&LW\RUDQDIIHFWHG
ZRUNHU VKDOO EH VXEPLWWHG WR ELQGLQJ DUELWUDWLRQ LQ DFFRUGDQFHZLWKWKH7H[DV*HQHUDO
$UELWUDWLRQ$FW$UWLFOHHWVHT5HYLVHG6WDWXWHVLIWKH&RQWUDFWRURU6XEFRQWUDFWRUDQGDQ\
DIIHFWHGZRUNHUGRHVQRWUHVROYHWKHLVVXHE\DJUHHPHQWEHIRUHWKHWKGD\DIWHUWKHGDWHWKH
&LW\PDNHVLWVLQLWLDOGHWHUPLQDWLRQSXUVXDQWWR3DUDJUDSK&DERYH ,IWKHSHUVRQVUHTXLUHGWR
DUELWUDWHXQGHUWKLVVHFWLRQGRQRWDJUHHRQDQDUELWUDWRUEHIRUHWKHWKGD\DIWHUWKHGDWHWKDW
DUELWUDWLRQLVUHTXLUHGDGLVWULFWFRXUWVKDOODSSRLQWDQDUELWUDWRURQWKHSHWLWLRQRIDQ\RIWKH
SHUVRQV7KH&LW\LVQRWDSDUW\LQWKHDUELWUDWLRQ7KHGHFLVLRQDQGDZDUGRIWKHDUELWUDWRULV
ILQDODQGELQGLQJRQDOOSDUWLHVDQGPD\EHHQIRUFHGLQDQ\FRXUWRIFRPSHWHQWMXULVGLFWLRQ
(5HFRUGVWREH0DLQWDLQHG7KH&RQWUDFWRUDQGHDFK6XEFRQWUDFWRUVKDOOIRUDSHULRGRIWKUHH
\HDUVIROORZLQJWKHGDWHRIDFFHSWDQFHRIWKHZRUNPDLQWDLQUHFRUGVWKDWVKRZLWKHQDPHDQG
RFFXSDWLRQRIHDFKZRUNHUHPSOR\HGE\WKH&RQWUDFWRULQWKHFRQVWUXFWLRQRIWKH:RUNSURYLGHG
IRULQWKLV&RQWUDFWDQGLLWKHDFWXDOSHUGLHPZDJHVSDLGWRHDFKZRUNHU7KHUHFRUGVVKDOOEH
RSHQDWDOOUHDVRQDEOHKRXUVIRULQVSHFWLRQE\WKH&LW\7KHSURYLVLRQVRI3DUDJUDSK5LJKW
WR$XGLWVKDOOSHUWDLQWRWKLVLQVSHFWLRQ
)3URJUHVV 3D\PHQWV :LWK HDFK SURJUHVV SD\PHQW RU SD\UROO SHULRG ZKLFKHYHU LV OHVV WKH
&RQWUDFWRU VKDOO VXEPLW DQ DIILGDYLW VWDWLQJ WKDW WKH &RQWUDFWRU KDV FRPSOLHG ZLWK WKH
UHTXLUHPHQWVRI&KDSWHU7H[DV*RYHUQPHQW&RGH
*3RVWLQJRI:DJH5DWHV7KH&RQWUDFWRUVKDOOSRVWSUHYDLOLQJZDJHUDWHVLQDFRQVSLFXRXVSODFHDW
DOOWLPHV
+6XEFRQWUDFWRU&RPSOLDQFH7KH&RQWUDFWRUVKDOOLQFOXGHLQLWVVXEFRQWUDFWVDQGRUVKDOO
RWKHUZLVHUHTXLUHDOORILWV6XEFRQWUDFWRUVWRFRPSO\ZLWK3DUDJUDSKV$WKURXJK*DERYH
3DWHQW)HHVDQG5R\DOWLHV
$&RQWUDFWRUVKDOOSD\DOOOLFHQVHIHHVDQGUR\DOWLHVDQGDVVXPHDOOFRVWVLQFLGHQWWRWKHXVHLQWKH
SHUIRUPDQFHRIWKH:RUNRUWKHLQFRUSRUDWLRQLQWKH:RUNRIDQ\LQYHQWLRQGHVLJQSURFHVV
SURGXFW RU GHYLFH ZKLFK LV WKH VXEMHFW RI SDWHQW ULJKWV RU FRS\ULJKWV KHOG E\ RWKHUV ,I D
SDUWLFXODULQYHQWLRQGHVLJQSURFHVVSURGXFWRUGHYLFHLVVSHFLILHGLQWKH&RQWUDFW'RFXPHQWV
IRUXVHLQWKHSHUIRUPDQFHRIWKH:RUNDQGLIWRWKHDFWXDONQRZOHGJHRI&LW\LWVXVHLVVXEMHFW
WRSDWHQWULJKWVRUFRS\ULJKWVFDOOLQJIRUWKHSD\PHQWRIDQ\OLFHQVHIHHRUUR\DOW\WRRWKHUVWKH
H[LVWHQFHRIVXFKULJKWVVKDOOEHGLVFORVHGE\&LW\LQWKH&RQWUDFW'RFXPHQWV)DLOXUHRIWKH&LW\
WRGLVFORVHVXFKLQIRUPDWLRQGRHVQRWUHOLHYHWKH&RQWUDFWRUIURPLWVREOLJDWLRQVWRSD\IRUWKH
DocuSign Envelope ID: AE73A2C9-2DA1-4E69-954D-5B1574F66708
*(1(5$/&21',7,216
3DJHRI
&,7<2)'(1721
67$1'$5'&216758&7,2163(&,),&$7,21'2&80(176
5HYLVHG6HSWHPEHU
XVHRIVDLGIHHVRUUR\DOWLHVWRRWKHUV
%7RWKHIXOOHVWH[WHQWSHUPLWWHGE\/DZVDQG5HJXODWLRQV&RQWUDFWRUVKDOOLQGHPQLI\DQGKROG
KDUPOHVV&LW\ IURPDQGDJDLQVWDOOFODLPV FRVWVORVVHVDQGGDPDJHVLQFOXGLQJEXWQRW
OLPLWHGWRDOOIHHVDQGFKDUJHVRIHQJLQHHUVDUFKLWHFWVDWWRUQH\VDQGRWKHUSURIHVVLRQDOVDQG
DOOFRXUWRUDUELWUDWLRQRURWKHUGLVSXWHUHVROXWLRQFRVWVDULVLQJRXWRIRUUHODWLQJWRDQ\
LQIULQJHPHQWRISDWHQW ULJKWV RU FRS\ULJKWV LQFLGHQW WR WKH XVHLQWKH SHUIRUPDQFHRIWKH
:RUN RU UHVXOWLQJ IURPWKH LQFRUSRUDWLRQ LQ WKH :RUN RI DQ\ LQYHQWLRQ GHVLJQ SURFHVV
SURGXFWRUGHYLFHQRWVSHFLILHGLQWKH&RQWUDFW'RFXPHQWV
3HUPLWVDQG8WLOLWLHV
$&RQWUDFWRUREWDLQHGSHUPLWVDQGOLFHQVHV&RQWUDFWRUVKDOOREWDLQDQGSD\IRUDOOFRQVWUXFWLRQ
SHUPLWV DQGOLFHQVHVH[FHSWWKRVH SURYLGHG IRULQWKH6XSSOHPHQWDU\&RQGLWLRQVRU&RQWUDFW
'RFXPHQWV&LW\VKDOODVVLVW&RQWUDFWRUZKHQQHFHVVDU\LQREWDLQLQJVXFKSHUPLWVDQGOLFHQVHV
&RQWUDFWRUVKDOOSD\DOOJRYHUQPHQWDOFKDUJHVDQGLQVSHFWLRQIHHVQHFHVVDU\IRUWKHSURVHFXWLRQ
RIWKH:RUNZKLFKDUHDSSOLFDEOHDWWKHWLPHRIRSHQLQJRI%LGVRULIWKHUHDUHQR%LGVRQWKH
(IIHFWLYH'DWHRIWKH$JUHHPHQWH[FHSWIRUSHUPLWVSURYLGHGE\WKH&LW\DVVSHFLILHGLQ%
&LW\VKDOOSD\DOOFKDUJHVRIXWLOLW\RZQHUVIRUFRQQHFWLRQVIRUSURYLGLQJSHUPDQHQWVHUYLFHWRWKH
:RUN
%&LW\REWDLQHGSHUPLWVDQGOLFHQVHV&LW\ZLOOREWDLQ DQGSD\IRUDOOSHUPLWVDQGOLFHQVHV DV
SURYLGHGIRULQWKH6XSSOHPHQWDU\&RQGLWLRQVRU&RQWUDFW'RFXPHQWV,WZLOOEHWKH&RQWUDFWRU¶V
UHVSRQVLELOLW\WRFDUU\RXWWKHSURYLVLRQVRIWKHSHUPLW,IWKH&RQWUDFWRULQLWLDWHVFKDQJHVWRWKH
&RQWUDFW DQG WKH &LW\ DSSURYHV WKH FKDQJHV WKH &RQWUDFWRU LV UHVSRQVLEOH IRU REWDLQLQJ
FOHDUDQFHVDQGFRRUGLQDWLQJZLWKWKHDSSURSULDWHUHJXODWRU\DJHQF\7KH&LW\ZLOOQRWUHLPEXUVH
WKH&RQWUDFWRUIRUDQ\FRVWDVVRFLDWHGZLWKWKHVHUHTXLUHPHQWVRIDQ\&LW\DFTXLUHGSHUPLW7KH
IROORZLQJDUHSHUPLWVWKH&LW\ZLOOREWDLQLIUHTXLUHG
7H[DV'HSDUWPHQWRI7UDQVSRUWDWLRQ3HUPLWV
86$UP\&RUSVRI(QJLQHHUV3HUPLWV
7H[DV&RPPLVVLRQRQ(QYLURQPHQWDO4XDOLW\3HUPLWV
5DLOURDG&RPSDQ\3HUPLWV
7H[DV'HSDUWPHQWRI/LFHQVLQJDQG5HJXODWLRQ7'/53HUPLWV
&2XWVWDQGLQJSHUPLWVDQGOLFHQVHV7KH&LW\DQWLFLSDWHVDFTXLVLWLRQRIDQGRUDFFHVVWRSHUPLWV
DQGOLFHQVHV$Q\RXWVWDQGLQJSHUPLWVDQGOLFHQVHVDUHDQWLFLSDWHGWREHDFTXLUHGLQDFFRUGDQFH
ZLWKWKHVFKHGXOHVHWIRUWKLQWKH6XSSOHPHQWDU\&RQGLWLRQV7KH3URMHFW6FKHGXOHVXEPLWWHGE\
WKH &RQWUDFWRU LQ DFFRUGDQFH ZLWK WKH &RQWUDFW 'RFXPHQWV PXVW FRQVLGHU DQ\ RXWVWDQGLQJ
SHUPLWVDQGOLFHQVHV
/DZVDQG5HJXODWLRQV
DocuSign Envelope ID: AE73A2C9-2DA1-4E69-954D-5B1574F66708
*(1(5$/&21',7,216
3DJHRI
&,7<2)'(1721
67$1'$5'&216758&7,2163(&,),&$7,21'2&80(176
5HYLVHG6HSWHPEHU
$&RQWUDFWRUVKDOOJLYHDOOQRWLFHVUHTXLUHGE\DQGVKDOOFRPSO\ZLWKDOO/DZVDQG5HJXODWLRQV
DSSOLFDEOH WR WKH SHUIRUPDQFH RI WKH :RUN ([FHSW ZKHUH RWKHUZLVH H[SUHVVO\ UHTXLUHG E\
DSSOLFDEOH/DZVDQG5HJXODWLRQVWKH&LW\VKDOOQRWEHUHVSRQVLEOHIRUPRQLWRULQJ&RQWUDFWRU¶V
FRPSOLDQFHZLWKDQ\/DZVRU5HJXODWLRQV
%,I&RQWUDFWRUSHUIRUPVDQ\:RUNNQRZLQJRUKDYLQJUHDVRQWRNQRZWKDWLWLVFRQWUDU\WR/DZVRU
5HJXODWLRQV &RQWUDFWRU VKDOO EHDU DOO FODLPV FRVWV ORVVHV DQG GDPDJHV LQFOXGLQJ EXW QRW
OLPLWHGWRDOOIHHVDQGFKDUJHVRIHQJLQHHUVDUFKLWHFWVDWWRUQH\VDQGRWKHUSURIHVVLRQDOVDQGDOO
FRXUWRUDUELWUDWLRQRURWKHUGLVSXWHUHVROXWLRQFRVWVDULVLQJRXWRIRUUHODWLQJWRVXFK:RUN
+RZHYHULWVKDOOQRWEH&RQWUDFWRU¶VUHVSRQVLELOLW\WRPDNHFHUWDLQWKDWWKH6SHFLILFDWLRQVDQG
'UDZLQJVDUHLQDFFRUGDQFHZLWK/DZVDQG5HJXODWLRQVEXWWKLVVKDOOQRWUHOLHYH&RQWUDFWRURI
&RQWUDFWRU¶VREOLJDWLRQVXQGHU3DUDJUDSK
&&KDQJHVLQ/DZVRU5HJXODWLRQVQRWNQRZQDWWKHWLPHRIRSHQLQJRI%LGVKDYLQJDQHIIHFWRQ
WKHFRVWRUWLPHRISHUIRUPDQFHRIWKH:RUNPD\EHWKHVXEMHFWRIDQDGMXVWPHQWLQ&RQWUDFW
3ULFHRU&RQWUDFW7LPH
7D[HV
$2QDFRQWUDFWDZDUGHGE\WKH&LW\DQRUJDQL]DWLRQZKLFKTXDOLILHVIRUH[HPSWLRQSXUVXDQWWR
7H[DV7D[&RGH6XEFKDSWHU+DVDPHQGHGWKH&RQWUDFWRUPD\SXUFKDVHUHQWRUOHDVHDOO
PDWHULDOV VXSSOLHV DQG HTXLSPHQW XVHG RU FRQVXPHGLQ WKHSHUIRUPDQFHRIWKLVFRQWUDFWE\
LVVXLQJWRKLVVXSSOLHUDQH[HPSWLRQFHUWLILFDWHLQOLHXRIWKHWD[VDLGH[HPSWLRQFHUWLILFDWHWR
FRPSO\ZLWK6WDWH&RPSWUROOHU¶V5XOLQJVDSSOLFDEOHWR7H[DV7D[&RGH6XEFKDSWHU+$Q\VXFK
H[HPSWLRQFHUWLILFDWHLVVXHGWRWKH&RQWUDFWRULQOLHXRIWKHWD[VKDOOEHVXEMHFWWRDQGVKDOO
FRPSO\ZLWKDOODSSOLFDEOHUXOLQJVSHUWDLQLQJWRWKH7H[DV7D[&RGH6XEFKDSWHU+
%7H[DV7D[SHUPLWVDQGLQIRUPDWLRQPD\EHREWDLQHGIURP
&RPSWUROOHURI3XEOLF$FFRXQWV
6DOHV7D['LYLVLRQ
&DSLWRO6WDWLRQ
$XVWLQ7;RU
KWWSZZZZLQGRZVWDWHW[XVWD[LQIRWD[IRUPVIRUPVKWPO
8VHRI6LWHDQG2WKHU$UHDV
$/LPLWDWLRQRQ8VHRI6LWHDQG2WKHU$UHDV
&RQWUDFWRUVKDOOFRQILQHFRQVWUXFWLRQHTXLSPHQWWKHVWRUDJHRIPDWHULDOVDQGHTXLSPHQWDQG
WKHRSHUDWLRQVRIZRUNHUVWRWKH6LWHDQGRWKHUDUHDVSHUPLWWHGE\/DZVDQG5HJXODWLRQVDQG
VKDOOQRWXQUHDVRQDEO\HQFXPEHUWKH6LWHDQGRWKHUDUHDVZLWKFRQVWUXFWLRQHTXLSPHQWRU
RWKHUPDWHULDOVRUHTXLSPHQW&RQWUDFWRUVKDOODVVXPHIXOOUHVSRQVLELOLW\IRUDQ\GDPDJHWR
DQ\VXFKODQGRUDUHDRUWRWKHRZQHURURFFXSDQWWKHUHRIRURIDQ\DGMDFHQWODQGRUDUHDV
DocuSign Envelope ID: AE73A2C9-2DA1-4E69-954D-5B1574F66708
*(1(5$/&21',7,216
3DJHRI
&,7<2)'(1721
67$1'$5'&216758&7,2163(&,),&$7,21'2&80(176
5HYLVHG6HSWHPEHU
UHVXOWLQJIURPWKHSHUIRUPDQFHRIWKH:RUN
$WDQ\WLPHZKHQLQWKHMXGJPHQWRIWKH&LW\WKH&RQWUDFWRUKDVREVWUXFWHGFORVHGRULV
FDUU\LQJ RQ RSHUDWLRQV LQ D SRUWLRQ RI D VWUHHW ULJKWRIZD\RU HDVHPHQWJUHDWHUWKDQLV
QHFHVVDU\IRUSURSHUH[HFXWLRQRIWKH:RUNWKH&LW\PD\UHTXLUHWKH&RQWUDFWRUWRILQLVKWKH
VHFWLRQRQZKLFKRSHUDWLRQVDUHLQSURJUHVVEHIRUHZRUNLVFRPPHQFHGRQDQ\DGGLWLRQDO
DUHDRIWKH6LWH
&RQVWUXFWLRQHTXLSPHQWVSRLOPDWHULDOVVXSSOLHVIRUPVEXLOGLQJVODEVRUHTXLSPHQWDQG
VXSSO\VWRUDJHEXLOGLQJVRUDQ\RWKHULWHPWKDWPD\EHWUDQVSRUWHGE\IORRGIORZVVKDOOQRW
EHVWRUHGZLWKLQH[LVWLQJIHGHUDOIORRGZD\VGXULQJWKHFRXUVHRIWKH:RUN
6KRXOG DQ\ 'DPDJH &ODLP EH PDGH E\ DQ\ VXFK RZQHU RU RFFXSDQW EHFDXVH RI WKH
SHUIRUPDQFHRIWKH:RUN&RQWUDFWRUVKDOOSURPSWO\DWWHPSWWRUHVROYHWKH'DPDJH&ODLP
3XUVXDQWWR3DUDJUDSK&RQWUDFWRUVKDOOLQGHPQLI\DQGKROGKDUPOHVV&LW\IURP
DQGDJDLQVWDOOFODLPVFRVWVORVVHVDQGGDPDJHVDULVLQJRXWRIRUUHODWLQJWRDQ\FODLPRU
DFWLRQOHJDORUHTXLWDEOHEURXJKWE\DQ\VXFKRZQHURURFFXSDQWDJDLQVW&LW\
%5HPRYDORI'HEULV'XULQJ3HUIRUPDQFHRIWKH:RUN'XULQJWKHSURJUHVVRIWKH:RUN
&RQWUDFWRU VKDOO NHHS WKH 6LWH DQG RWKHU DUHDV IUHH IURP DFFXPXODWLRQV RI ZDVWH PDWHULDOV
UXEELVKDQGRWKHUGHEULV5HPRYDODQGGLVSRVDORIVXFKZDVWHPDWHULDOVUXEELVKDQGRWKHU
GHEULVVKDOOFRQIRUPWRDSSOLFDEOH/DZVDQG5HJXODWLRQV
&6LWH0DLQWHQDQFH&OHDQLQJKRXUVDIWHUZULWWHQQRWLFHLVJLYHQWRWKH&RQWUDFWRUWKDWWKH
FOHDQXSRQWKHMREVLWHLVSURFHHGLQJLQDPDQQHUXQVDWLVIDFWRU\WRWKH&LW\LIWKH&RQWUDFWRU
IDLOVWRFRUUHFWWKHXQVDWLVIDFWRU\SURFHGXUHWKH&LW\PD\WDNHVXFKGLUHFWDFWLRQDVWKH&LW\
GHHPV DSSURSULDWH WR FRUUHFW WKH FOHDQXS GHILFLHQFLHV FLWHG WR WKH &RQWUDFWRU LQ WKH ZULWWHQ
QRWLFHE\OHWWHURUHOHFWURQLFFRPPXQLFDWLRQDQGWKHFRVWVRIVXFKGLUHFWDFWLRQSOXVRI
VXFKFRVWVVKDOOEHGHGXFWHGIURPWKHPRQLHVGXHRUWREHFRPHGXHWRWKH&RQWUDFWRU
')LQDO6LWH&OHDQLQJ3ULRUWR)LQDO$FFHSWDQFHRIWKH:RUN&RQWUDFWRUVKDOOFOHDQWKH6LWHDQG
WKH:RUNDQGPDNHLWUHDG\IRUXWLOL]DWLRQE\&LW\RUDGMDFHQWSURSHUW\RZQHU$WWKHFRPSOHWLRQ
RIWKH:RUN&RQWUDFWRUVKDOOUHPRYHIURPWKH6LWHDOOWRROVDSSOLDQFHVFRQVWUXFWLRQHTXLSPHQW
DQGPDFKLQHU\DQGVXUSOXVPDWHULDOVDQGVKDOOUHVWRUHWRRULJLQDOFRQGLWLRQRUEHWWHUDOOSURSHUW\
GLVWXUEHGE\WKH:RUN
(/RDGLQJ6WUXFWXUHV&RQWUDFWRUVKDOOQRWORDGQRUSHUPLWDQ\SDUWRIDQ\VWUXFWXUHWREHORDGHG
LQDQ\PDQQHUWKDWZLOOHQGDQJHUWKHVWUXFWXUHQRUVKDOO&RQWUDFWRUVXEMHFWDQ\SDUWRIWKH:RUN
RUDGMDFHQWSURSHUW\WRVWUHVVHVRUSUHVVXUHVWKDWZLOOHQGDQJHULW
5HFRUG'RFXPHQWV
$&RQWUDFWRUVKDOOPDLQWDLQLQDVDIHSODFHDWWKH6LWHRULQDSODFHGHVLJQDWHGE\WKH&RQWUDFWRUDQG
DSSURYHGE\WKH&LW\RQHUHFRUGFRS\RIDOO'UDZLQJV6SHFLILFDWLRQV$GGHQGD&KDQJH
2UGHUV)LHOG2UGHUVDQGZULWWHQLQWHUSUHWDWLRQVDQGFODULILFDWLRQVLQJRRGRUGHUDQGDQQRWDWHGWR
DocuSign Envelope ID: AE73A2C9-2DA1-4E69-954D-5B1574F66708
*(1(5$/&21',7,216
3DJHRI
&,7<2)'(1721
67$1'$5'&216758&7,2163(&,),&$7,21'2&80(176
5HYLVHG6HSWHPEHU
VKRZFKDQJHVPDGHGXULQJFRQVWUXFWLRQ7KHVHUHFRUGGRFXPHQWVWRJHWKHUZLWKDOODSSURYHG
6DPSOHVDQGDFRXQWHUSDUWRIDOODFFHSWHG6XEPLWWDOVZLOOEHDYDLODEOHWR&LW\IRUUHIHUHQFH
8SRQFRPSOHWLRQRIWKH:RUNWKHVHUHFRUGGRFXPHQWVDQ\RSHUDWLRQDQGPDLQWHQDQFHPDQXDOV
DQG 6XEPLWWDOV ZLOO EH GHOLYHUHG WR &LW\ SULRU WR )LQDO ,QVSHFWLRQ &RQWUDFWRU VKDOO LQFOXGH
DFFXUDWHORFDWLRQVIRUEXULHGDQGHPEHGGHGLWHPV
6DIHW\DQG3URWHFWLRQ
$&RQWUDFWRU VKDOO EH VROHO\ UHVSRQVLEOH IRU LQLWLDWLQJ PDLQWDLQLQJ DQG VXSHUYLVLQJ DOO VDIHW\
SUHFDXWLRQVDQGSURJUDPVLQFRQQHFWLRQZLWKWKH:RUN6XFKUHVSRQVLELOLW\GRHVQRWUHOLHYH
6XEFRQWUDFWRUVRIWKHLUUHVSRQVLELOLW\IRUWKHVDIHW\RISHUVRQVRUSURSHUW\LQWKHSHUIRUPDQFHRI
WKHLUZRUNQRUIRUFRPSOLDQFHZLWKDSSOLFDEOHVDIHW\/DZVDQG5HJXODWLRQV&RQWUDFWRUVKDOO
WDNHDOOQHFHVVDU\SUHFDXWLRQVIRUWKHVDIHW\RIDQGVKDOOSURYLGHWKHQHFHVVDU\SURWHFWLRQWR
SUHYHQWGDPDJHLQMXU\RUORVVWR
DOOSHUVRQVRQWKH6LWHRUZKRPD\EHDIIHFWHGE\WKH:RUN
DOOWKH:RUNDQGPDWHULDOVDQGHTXLSPHQWWREHLQFRUSRUDWHGWKHUHLQZKHWKHULQVWRUDJHRQ
RURIIWKH6LWHDQG
RWKHUSURSHUW\DWWKH6LWHRUDGMDFHQWWKHUHWRLQFOXGLQJWUHHVVKUXEVODZQVZDONV
SDYHPHQWV URDGZD\V VWUXFWXUHV XWLOLWLHV DQG 8QGHUJURXQG )DFLOLWLHV QRW GHVLJQDWHG IRU
UHPRYDOUHORFDWLRQRUUHSODFHPHQWLQWKHFRXUVHRIFRQVWUXFWLRQ
%&RQWUDFWRU VKDOO FRPSO\ ZLWK DOO DSSOLFDEOH /DZV DQG 5HJXODWLRQV UHODWLQJ WR WKH VDIHW\ RI
SHUVRQVRUSURSHUW\RUWRWKHSURWHFWLRQRISHUVRQVRUSURSHUW\IURPGDPDJHLQMXU\RUORVVDQG
VKDOOHUHFWDQGPDLQWDLQDOOQHFHVVDU\VDIHJXDUGVIRUVXFKVDIHW\DQGSURWHFWLRQ&RQWUDFWRUVKDOO
QRWLI\RZQHUVRIDGMDFHQWSURSHUW\DQGRI8QGHUJURXQG)DFLOLWLHVDQGRWKHUXWLOLW\RZQHUVZKHQ
SURVHFXWLRQ RI WKH :RUN PD\ DIIHFW WKHP DQG VKDOO FRRSHUDWH ZLWK WKHPLQ WKH SURWHFWLRQ
UHPRYDOUHORFDWLRQDQGUHSODFHPHQWRIWKHLUSURSHUW\
&&RQWUDFWRUVKDOOFRPSO\ZLWKWKHDSSOLFDEOHUHTXLUHPHQWVRI&LW\¶VVDIHW\SURJUDPVLIDQ\
'&RQWUDFWRUVKDOOLQIRUP&LW\RIWKHVSHFLILFUHTXLUHPHQWVRI&RQWUDFWRU¶VVDIHW\SURJUDPLIDQ\
ZLWKZKLFK&LW\¶VHPSOR\HHVDQGUHSUHVHQWDWLYHVPXVWFRPSO\ZKLOHDWWKH6LWH
($OOGDPDJHLQMXU\RUORVVWRDQ\SURSHUW\UHIHUUHGWRLQ3DUDJUDSK$RU$FDXVHG
GLUHFWO\RULQGLUHFWO\LQZKROHRULQSDUWE\&RQWUDFWRUDQ\6XEFRQWUDFWRU6XSSOLHURUDQ\
RWKHULQGLYLGXDORUHQWLW\GLUHFWO\RULQGLUHFWO\HPSOR\HGE\DQ\RIWKHPWRSHUIRUPDQ\RIWKH
:RUNRUDQ\RQHIRUZKRVHDFWVDQ\RIWKHPPD\EHOLDEOHVKDOOEHUHPHGLHGE\&RQWUDFWRU
)&RQWUDFWRU¶VGXWLHVDQGUHVSRQVLELOLWLHVIRUVDIHW\DQGIRUSURWHFWLRQRIWKH:RUNVKDOOFRQWLQXH
XQWLOVXFKWLPHDVDOOWKH:RUNLVFRPSOHWHGDQG&LW\KDVDFFHSWHGWKH:RUN
6DIHW\5HSUHVHQWDWLYH
&RQWUDFWRUVKDOOLQIRUP&LW\LQZULWLQJRI&RQWUDFWRU¶VGHVLJQDWHGVDIHW\UHSUHVHQWDWLYHDWWKH6LWH
DocuSign Envelope ID: AE73A2C9-2DA1-4E69-954D-5B1574F66708
*(1(5$/&21',7,216
3DJHRI
&,7<2)'(1721
67$1'$5'&216758&7,2163(&,),&$7,21'2&80(176
5HYLVHG6HSWHPEHU
+D]DUG&RPPXQLFDWLRQ3URJUDPV
&RQWUDFWRUVKDOOEHUHVSRQVLEOHIRUFRRUGLQDWLQJDQ\H[FKDQJHRIPDWHULDOVDIHW\GDWDVKHHWVRURWKHU
KD]DUGFRPPXQLFDWLRQLQIRUPDWLRQUHTXLUHGWREHPDGHDYDLODEOHWRRUH[FKDQJHGEHWZHHQRUDPRQJ
HPSOR\HUVLQDFFRUGDQFHZLWK/DZVRU5HJXODWLRQV
(PHUJHQFLHVDQGRU5HFWLILFDWLRQ
$,QHPHUJHQFLHVDIIHFWLQJWKHVDIHW\RUSURWHFWLRQRISHUVRQVRUWKH:RUNRUSURSHUW\DWWKH6LWHRU
DGMDFHQWWKHUHWR&RQWUDFWRULVREOLJDWHGWRDFWWRSUHYHQWWKUHDWHQHGGDPDJHLQMXU\RUORVV
&RQWUDFWRU VKDOO JLYH &LW\ SURPSW ZULWWHQ QRWLFH LI &RQWUDFWRUEHOLHYHV WKDW DQ\ VLJQLILFDQW
FKDQJHVLQWKH:RUNRUYDULDWLRQVIURPWKH&RQWUDFW'RFXPHQWVKDYHEHHQFDXVHGWKHUHE\RUDUH
UHTXLUHG DV D UHVXOW WKHUHRI ,I &LW\ GHWHUPLQHV WKDW D FKDQJHLQWKH&RQWUDFW'RFXPHQWVLV
UHTXLUHGEHFDXVHRIWKHDFWLRQWDNHQE\&RQWUDFWRULQUHVSRQVHWRVXFKDQHPHUJHQF\D&KDQJH
2UGHUPD\EHLVVXHG
%6KRXOGWKH&RQWUDFWRUIDLOWRUHVSRQGWRDUHTXHVWIURPWKH&LW\WRUHFWLI\DQ\GLVFUHSDQFLHV
RPLVVLRQVRUFRUUHFWLRQQHFHVVDU\WRFRQIRUPZLWKWKHUHTXLUHPHQWVRIWKH&RQWUDFW'RFXPHQWV
WKH&LW\VKDOOJLYHWKH&RQWUDFWRUZULWWHQQRWLFHWKDWVXFKZRUNRUFKDQJHVDUHWREHSHUIRUPHG
7KHZULWWHQQRWLFHVKDOOGLUHFWDWWHQWLRQWRWKHGLVFUHSDQWFRQGLWLRQDQGUHTXHVWWKH&RQWUDFWRUWR
WDNHUHPHGLDODFWLRQWRFRUUHFWWKHFRQGLWLRQ,QWKHHYHQWWKH&RQWUDFWRUGRHVQRWWDNHSRVLWLYH
VWHSVWRIXOILOOWKLVZULWWHQUHTXHVWRUGRHVQRWVKRZMXVWFDXVHIRUQRWWDNLQJWKHSURSHUDFWLRQ
ZLWKLQKRXUVWKH&LW\PD\WDNHVXFKUHPHGLDODFWLRQZLWK&LW\UHVRXUFHVRUE\FRQWUDFW7KH
&LW\VKDOOGHGXFWDQDPRXQWHTXDOWRWKHHQWLUHFRVWVIRUVXFKUHPHGLDODFWLRQSOXVIURP
DQ\IXQGVGXHRUEHFRPHGXHWKH&RQWUDFWRURQWKH3URMHFW
6XEPLWWDOV
$&RQWUDFWRUVKDOOVXEPLWUHTXLUHG6XEPLWWDOVWR&LW\IRUUHYLHZDQGDFFHSWDQFHLQDFFRUGDQFH
ZLWKWKHDFFHSWHG6FKHGXOHRI6XEPLWWDOVDVUHTXLUHGE\3DUDJUDSK(DFKVXEPLWWDOZLOOEH
LGHQWLILHGDV&LW\PD\UHTXLUH
6XEPLWLQDFFRUGDQFHZLWKWKH*HQHUDO5HTXLUHPHQWV
'DWD VKRZQ RQ WKH 6XEPLWWDOV ZLOO EH FRPSOHWH ZLWK UHVSHFW WR TXDQWLWLHV GLPHQVLRQV
VSHFLILHGSHUIRUPDQFHDQGGHVLJQFULWHULDPDWHULDOVDQGVLPLODUGDWDWRGHPRQVWUDWHWR&LW\
WKHVHUYLFHVPDWHULDOVDQGHTXLSPHQW&RQWUDFWRUSURSRVHVWRSURYLGHDQGWRHQDEOH&LW\WR
UHYLHZWKHLQIRUPDWLRQIRUWKHOLPLWHGSXUSRVHVUHTXLUHGE\3DUDJUDSK&
6XEPLWWDOV VXEPLWWHG DV KHUHLQ SURYLGHG E\ &RQWUDFWRU DQG UHYLHZHG E\ &LW\ IRU
FRQIRUPDQFH ZLWK WKH GHVLJQ FRQFHSW VKDOO EH H[HFXWHG LQ FRQIRUPLW\ ZLWK WKH &RQWUDFW
'RFXPHQWVXQOHVVRWKHUZLVHUHTXLUHGE\&LW\
:KHQ6XEPLWWDOVDUHVXEPLWWHGIRUWKHSXUSRVHRIVKRZLQJWKHLQVWDOODWLRQLQJUHDWHUGHWDLO
WKHLU UHYLHZ VKDOO QRW H[FXVH &RQWUDFWRUIURP UHTXLUHPHQWV VKRZQ RQ WKH 'UDZLQJV DQG
6SHFLILFDWLRQV
DocuSign Envelope ID: AE73A2C9-2DA1-4E69-954D-5B1574F66708
*(1(5$/&21',7,216
3DJHRI
&,7<2)'(1721
67$1'$5'&216758&7,2163(&,),&$7,21'2&80(176
5HYLVHG6HSWHPEHU
)RU,QIRUPDWLRQ2QO\VXEPLWWDOVXSRQZKLFKWKH&LW\LVQRWH[SHFWHGWRFRQGXFWUHYLHZRU
WDNHUHVSRQVLYHDFWLRQPD\EHVRLGHQWLILHGLQWKH&RQWUDFW'RFXPHQWV
6XEPLWUHTXLUHGQXPEHURI6DPSOHVVSHFLILHGLQWKH6SHFLILFDWLRQV
&OHDUO\LGHQWLI\HDFK6DPSOHDVWRPDWHULDO6XSSOLHUSHUWLQHQWGDWDVXFKDVFDWDORJQXPEHUV
WKHXVHIRUZKLFKLQWHQGHGDQGRWKHUGDWDDV&LW\PD\UHTXLUHWRHQDEOH&LW\WRUHYLHZWKH
VXEPLWWDOIRUWKHOLPLWHGSXUSRVHVUHTXLUHGE\3DUDJUDSK&
%:KHUHD6XEPLWWDOLVUHTXLUHGE\WKH&RQWUDFW'RFXPHQWVRUWKH6FKHGXOHRI6XEPLWWDOVDQ\
UHODWHG:RUNSHUIRUPHGSULRUWR&LW\¶VUHYLHZDQGDFFHSWDQFHRIWKHSHUWLQHQWVXEPLWWDOZLOOEH
DWWKHVROHH[SHQVHDQGUHVSRQVLELOLW\RI&RQWUDFWRU
&&LW\¶V5HYLHZ
&LW\ZLOOSURYLGHWLPHO\UHYLHZRIUHTXLUHG6XEPLWWDOVLQDFFRUGDQFHZLWKWKH6FKHGXOHRI
6XEPLWWDOVDFFHSWDEOHWR&LW\&LW\¶VUHYLHZDQGDFFHSWDQFHZLOOEHRQO\WRGHWHUPLQHLIWKH
LWHPVFRYHUHGE\WKHVXEPLWWDOVZLOODIWHULQVWDOODWLRQRULQFRUSRUDWLRQLQWKH:RUNFRQIRUP
WR WKH LQIRUPDWLRQ JLYHQ LQ WKH &RQWUDFW 'RFXPHQWV DQG EH FRPSDWLEOH ZLWK WKH GHVLJQ
FRQFHSW RI WKH FRPSOHWHG 3URMHFW DV D IXQFWLRQLQJ ZKROH DV LQGLFDWHG E\ WKH &RQWUDFW
'RFXPHQWV
&LW\¶VUHYLHZDQGDFFHSWDQFHZLOOQRWH[WHQGWRPHDQVPHWKRGVWHFKQLTXHVVHTXHQFHVRU
SURFHGXUHVRIFRQVWUXFWLRQH[FHSWZKHUHDSDUWLFXODUPHDQVPHWKRGWHFKQLTXHVHTXHQFH
RU SURFHGXUH RI FRQVWUXFWLRQ LV VSHFLILFDOO\ DQG H[SUHVVO\ FDOOHG IRU E\ WKH &RQWUDFW
'RFXPHQWVRUWRVDIHW\SUHFDXWLRQVRUSURJUDPVLQFLGHQWWKHUHWR7KHUHYLHZDQGDFFHSWDQFH
RIDVHSDUDWHLWHPDVVXFKZLOOQRWLQGLFDWHDSSURYDORIWKHDVVHPEO\LQZKLFKWKHLWHP
IXQFWLRQV
&LW\¶VUHYLHZDQGDFFHSWDQFHVKDOOQRWUHOLHYH&RQWUDFWRUIURPUHVSRQVLELOLW\IRUDQ\
YDULDWLRQIURPWKHUHTXLUHPHQWVRIWKH&RQWUDFW'RFXPHQWVXQOHVV&RQWUDFWRUKDVFRPSOLHG
ZLWKWKHUHTXLUHPHQWVRI6HFWLRQDQG&LW\KDVJLYHQZULWWHQDFFHSWDQFHRIHDFK
VXFK YDULDWLRQ E\ VSHFLILF ZULWWHQ QRWDWLRQ WKHUHRI LQFRUSRUDWHG LQ RU DFFRPSDQ\LQJ WKH
6XEPLWWDO&LW\¶VUHYLHZDQGDFFHSWDQFHVKDOOQRWUHOLHYH&RQWUDFWRUIURPUHVSRQVLELOLW\IRU
FRPSO\LQJZLWKWKHUHTXLUHPHQWVRIWKH&RQWUDFW'RFXPHQWV
&RQWLQXLQJWKH:RUN
([FHSWDVRWKHUZLVHSURYLGHG&RQWUDFWRUVKDOOFDUU\RQWKH:RUNDQGDGKHUHWRWKH3URMHFW6FKHGXOH
GXULQJDOOGLVSXWHVRUGLVDJUHHPHQWVZLWK&LW\1R:RUNVKDOOEHGHOD\HGRUSRVWSRQHGSHQGLQJ
UHVROXWLRQRIDQ\GLVSXWHVRUGLVDJUHHPHQWVH[FHSWDV&LW\DQG&RQWUDFWRUPD\RWKHUZLVHDJUHHLQ
ZULWLQJ
DocuSign Envelope ID: AE73A2C9-2DA1-4E69-954D-5B1574F66708
*(1(5$/&21',7,216
3DJHRI
&,7<2)'(1721
67$1'$5'&216758&7,2163(&,),&$7,21'2&80(176
5HYLVHG6HSWHPEHU
&RQWUDFWRU¶V*HQHUDO:DUUDQW\DQG*XDUDQWHH
$&RQWUDFWRUZDUUDQWVDQGJXDUDQWHHVWR&LW\WKDWDOO:RUNZLOOEHLQDFFRUGDQFHZLWKWKH&RQWUDFW
'RFXPHQWV DQG ZLOO QRW EH GHIHFWLYH &LW\ DQG LWV RIILFHUV GLUHFWRUV PHPEHUV SDUWQHUV
HPSOR\HHVDJHQWVFRQVXOWDQWVDQGVXEFRQWUDFWRUVVKDOOEHHQWLWOHGWRUHO\RQUHSUHVHQWDWLRQRI
&RQWUDFWRU¶VZDUUDQW\DQGJXDUDQWHH
%&RQWUDFWRU¶VZDUUDQW\DQGJXDUDQWHHKHUHXQGHUH[FOXGHVGHIHFWVRUGDPDJHFDXVHGE\
DEXVHPRGLILFDWLRQRULPSURSHUPDLQWHQDQFHRURSHUDWLRQE\SHUVRQVRWKHUWKDQ&RQWUDFWRU
6XEFRQWUDFWRUV 6XSSOLHUV RU DQ\ RWKHU LQGLYLGXDO RU HQWLW\ IRU ZKRP &RQWUDFWRU LV
UHVSRQVLEOHRU
QRUPDOZHDUDQGWHDUXQGHUQRUPDOXVDJH
&&RQWUDFWRU¶V REOLJDWLRQ WR SHUIRUP DQG FRPSOHWH WKH :RUN LQ DFFRUGDQFH ZLWK WKH &RQWUDFW
'RFXPHQWVVKDOOEHDEVROXWH1RQHRIWKHIROORZLQJZLOOFRQVWLWXWHDQDFFHSWDQFHRI:RUNWKDWLV
QRWLQDFFRUGDQFHZLWKWKH&RQWUDFW'RFXPHQWVRUDUHOHDVHRI&RQWUDFWRU¶VREOLJDWLRQWRSHUIRUP
WKH:RUNLQDFFRUGDQFHZLWKWKH&RQWUDFW'RFXPHQWV
REVHUYDWLRQVE\&LW\
UHFRPPHQGDWLRQRUSD\PHQWE\&LW\RIDQ\SURJUHVVRUILQDOSD\PHQW
WKHLVVXDQFHRIDFHUWLILFDWHRI)LQDO$FFHSWDQFHE\&LW\RUDQ\SD\PHQWUHODWHGWKHUHWRE\
&LW\
XVHRURFFXSDQF\RIWKH:RUNRUDQ\SDUWWKHUHRIE\&LW\
DQ\UHYLHZDQGDFFHSWDQFHRID6XEPLWWDOE\&LW\
DQ\LQVSHFWLRQWHVWRUDSSURYDOE\RWKHUVRU
DQ\FRUUHFWLRQRIGHIHFWLYH:RUNE\&LW\
'7KH&RQWUDFWRUVKDOOUHPHG\DQ\GHIHFWVRUGDPDJHVLQWKH:RUNDQGSD\IRUDQ\GDPDJHWR
RWKHUZRUNRUSURSHUW\UHVXOWLQJWKHUHIURPZKLFKVKDOODSSHDUZLWKLQDSHULRGRIWZR\HDUV
IURPWKHGDWHRI)LQDO$FFHSWDQFHRIWKH:RUNXQOHVVDORQJHUSHULRGLVVSHFLILHGDQGVKDOO
IXUQLVKDJRRGDQGVXIILFLHQWPDLQWHQDQFHERQGFRPSO\LQJZLWKWKHUHTXLUHPHQWVRI$UWLFOH
%7KH&LW\ZLOOJLYHQRWLFHRIREVHUYHGGHIHFWVZLWKUHDVRQDEOHSURPSWQHVV
,QGHPQLILFDWLRQ
$&RQWUDFWRUFRYHQDQWVDQGDJUHHVWRLQGHPQLI\KROGKDUPOHVVDQGGHIHQGDWLWVRZQ
H[SHQVHWKH&LW\LWVRIILFHUVVHUYDQWVDQGHPSOR\HHVIURPDQGDJDLQVWDQ\DQGDOOFODLPV
DULVLQJRXWRIRUDOOHJHGWRDULVHRXWRIWKHZRUNDQGVHUYLFHVWREHSHUIRUPHGE\WKH
&RQWUDFWRULWVRIILFHUVDJHQWVHPSOR\HHVVXEFRQWUDFWRUVOLFHQVHVRULQYLWHHVXQGHUWKLV
DocuSign Envelope ID: AE73A2C9-2DA1-4E69-954D-5B1574F66708
*(1(5$/&21',7,216
3DJHRI
&,7<2)'(1721
67$1'$5'&216758&7,2163(&,),&$7,21'2&80(176
5HYLVHG6HSWHPEHU
&RQWUDFW7+,6,1'(01,),&$7,213529,6,21,663(&,),&$//<,17(1'('72
23(5$7($1'%(())(&7,9((9(1,),7,6$//(*('253529(17+$7$//
25620(2)7+('$0$*(6%(,1*628*+7:(5(&$86(',1:+2/(25,1
3$57%<$1<$&720,66,21251(*/,*(1&(2)7+(&,7<7KLVLQGHPQLW\
SURYLVLRQLVLQWHQGHGWRLQFOXGHZLWKRXWOLPLWDWLRQLQGHPQLW\IRUFRVWVH[SHQVHVDQGOHJDO
IHHVLQFXUUHGE\WKH&LW\LQGHIHQGLQJDJDLQVWVXFKFODLPVDQGFDXVHVRIDFWLRQV
%&RQWUDFWRUFRYHQDQWVDQGDJUHHVWRLQGHPQLI\DQGKROGKDUPOHVVDWLWVRZQH[SHQVHWKH
&LW\LWVRIILFHUVVHUYDQWVDQGHPSOR\HHVIURPDQGDJDLQVWDQ\DQGDOOORVVGDPDJHRU
GHVWUXFWLRQRISURSHUW\RIWKH&LW\DULVLQJRXWRIRUDOOHJHGWRDULVHRXWRIWKHZRUNDQG
VHUYLFHVWREHSHUIRUPHGE\WKH&RQWUDFWRULWVRIILFHUVDJHQWVHPSOR\HHVVXEFRQWUDFWRUV
OLFHQVHHVRULQYLWHHVXQGHUWKLV&RQWUDFW7+,6 ,1'(01,),&$7,21 3529,6,21 ,6
63(&,),&$//< ,17(1'(' 72 23(5$7( $1' %( ())(&7,9( (9(1 ,) ,7 ,6
$//(*('253529(17+$7$//25620(2)7+('$0$*(6%(,1*628*+7
:(5( &$86(' ,1 :+2/( 25 ,1 3$57 %< $1< $&7 20,66,21 25
1(*/,*(1&(2)7+(&,7<
'HOHJDWLRQRI3URIHVVLRQDO'HVLJQ6HUYLFHV
$&RQWUDFWRUZLOOQRWEHUHTXLUHGWRSURYLGHSURIHVVLRQDOGHVLJQVHUYLFHVXQOHVVVXFKVHUYLFHVDUH
VSHFLILFDOO\ UHTXLUHG E\ WKH &RQWUDFW 'RFXPHQWV IRU D SRUWLRQ RI WKH :RUN RU XQOHVV VXFK
VHUYLFHVDUHUHTXLUHGWRFDUU\RXW&RQWUDFWRU¶VUHVSRQVLELOLWLHVIRUFRQVWUXFWLRQPHDQVPHWKRGV
WHFKQLTXHVVHTXHQFHVDQGSURFHGXUHV
%,I SURIHVVLRQDO GHVLJQ VHUYLFHV RU FHUWLILFDWLRQV E\ D GHVLJQ SURIHVVLRQDO UHODWHG WR V\VWHPV
PDWHULDOVRUHTXLSPHQWDUHVSHFLILFDOO\UHTXLUHGRI&RQWUDFWRUE\WKH&RQWUDFW'RFXPHQWV&LW\
ZLOOVSHFLI\DOOSHUIRUPDQFHDQGGHVLJQFULWHULDWKDWVXFKVHUYLFHVPXVWVDWLVI\&RQWUDFWRUVKDOO
FDXVHVXFKVHUYLFHVRUFHUWLILFDWLRQVWREHSURYLGHGE\DSURSHUO\OLFHQVHGSURIHVVLRQDOZKRVH
VLJQDWXUHDQGVHDOVKDOODSSHDURQDOOGUDZLQJVFDOFXODWLRQVVSHFLILFDWLRQVFHUWLILFDWLRQVDQG
6XEPLWWDOVSUHSDUHGE\VXFKSURIHVVLRQDO6XEPLWWDOVUHODWHGWRWKH:RUNGHVLJQHGRUFHUWLILHGE\
VXFKSURIHVVLRQDOLISUHSDUHGE\RWKHUVVKDOOEHDUVXFKSURIHVVLRQDO¶VZULWWHQDSSURYDOZKHQ
VXEPLWWHGWR&LW\
&&LW\VKDOOEHHQWLWOHGWRUHO\XSRQWKHDGHTXDF\DFFXUDF\DQGFRPSOHWHQHVVRIWKHVHUYLFHV
FHUWLILFDWLRQVRUDSSURYDOVSHUIRUPHGE\VXFKGHVLJQSURIHVVLRQDOVSURYLGHG&LW\KDVVSHFLILHG
WR&RQWUDFWRUSHUIRUPDQFHDQGGHVLJQFULWHULDWKDWVXFKVHUYLFHVPXVWVDWLVI\
'3XUVXDQWWRWKLV3DUDJUDSK&LW\¶VUHYLHZDQGDFFHSWDQFHRIGHVLJQFDOFXODWLRQVDQGGHVLJQ
GUDZLQJVZLOOEHRQO\IRUWKHOLPLWHGSXUSRVHRIFKHFNLQJIRUFRQIRUPDQFHZLWKSHUIRUPDQFHDQG
GHVLJQFULWHULDJLYHQDQGWKHGHVLJQFRQFHSWH[SUHVVHGLQWKH&RQWUDFW'RFXPHQWV&LW\¶VUHYLHZ
DQGDFFHSWDQFHRI6XEPLWWDOVH[FHSWGHVLJQFDOFXODWLRQVDQGGHVLJQGUDZLQJVZLOOEHRQO\IRU
WKHSXUSRVHVWDWHGLQ3DUDJUDSK&
DocuSign Envelope ID: AE73A2C9-2DA1-4E69-954D-5B1574F66708
*(1(5$/&21',7,216
3DJHRI
&,7<2)'(1721
67$1'$5'&216758&7,2163(&,),&$7,21'2&80(176
5HYLVHG6HSWHPEHU
5LJKWWR$XGLW
$7KH&LW\VKDOOKDYHWKHULJKWWRDXGLWDQGPDNHFRSLHVRIWKHERRNVUHFRUGVDQGFRPSXWDWLRQV
SHUWDLQLQJWRWKH&RQWUDFW7KH&RQWUDFWRUVKDOOUHWDLQVXFKERRNVUHFRUGVGRFXPHQWVDQGRWKHU
HYLGHQFHSHUWDLQLQJ WR WKH &RQWUDFWSHULRG DQG ILYH \HDUV WKHUHDIWHU H[FHSWLIDQDXGLWLVLQ
SURJUHVVRUDXGLWILQGLQJVDUH\HWXQUHVROYHGLQZKLFKFDVHUHFRUGVVKDOOEHNHSWXQWLODOODXGLW
WDVNVDUHFRPSOHWHGDQGUHVROYHG7KHVHERRNVUHFRUGVGRFXPHQWVDQGRWKHUHYLGHQFHVKDOOEH
DYDLODEOHZLWKLQWHQEXVLQHVVGD\VRIZULWWHQUHTXHVW)XUWKHUWKH&RQWUDFWRUVKDOODOVR
UHTXLUH DOO 6XEFRQWUDFWRUV PDWHULDO VXSSOLHUV DQG RWKHU SD\HHV WR UHWDLQ DOO ERRNV UHFRUGV
GRFXPHQWVDQGRWKHUHYLGHQFHSHUWDLQLQJWRWKH&RQWUDFWDQGWRDOORZWKH&LW\VLPLODUDFFHVVWR
WKRVHGRFXPHQWV$OOERRNVDQGUHFRUGVZLOOEHPDGHDYDLODEOHZLWKLQDPLOHUDGLXVRIWKH
&LW\7KHFRVWRIWKHDXGLWZLOOEHERUQHE\WKH&LW\XQOHVVWKHDXGLWUHYHDOVDQRYHUSD\PHQWRI
RUJUHDWHU,IDQRYHUSD\PHQWRIRUJUHDWHURFFXUVWKHUHDVRQDEOHFRVWRIWKHDXGLW
LQFOXGLQJDQ\WUDYHOFRVWVPXVWEHERUQHE\WKH&RQWUDFWRUZKLFKPXVWEHSD\DEOHZLWKLQILYH
EXVLQHVVGD\VRIUHFHLSWRIDQLQYRLFH
%)DLOXUHWRFRPSO\ZLWKWKHSURYLVLRQVRIWKLVVHFWLRQVKDOOEHDPDWHULDOEUHDFKRIWKH&RQWUDFW
DQGVKDOOFRQVWLWXWHLQWKH&LW\¶VVROHGLVFUHWLRQJURXQGVIRUWHUPLQDWLRQWKHUHRI(DFKRIWKH
WHUPV³ERRNV´³UHFRUGV´³GRFXPHQWV´DQG³RWKHUHYLGHQFH´DVXVHGDERYHVKDOOEHFRQVWUXHG
WRLQFOXGHGUDIWVDQGHOHFWURQLFILOHVHYHQLIVXFKGUDIWVRUHOHFWURQLFILOHVDUHVXEVHTXHQWO\XVHG
WRJHQHUDWHRUSUHSDUHDILQDOSULQWHGGRFXPHQW
1RQGLVFULPLQDWLRQ
$7KH&LW\LVUHVSRQVLEOHIRURSHUDWLQJ3XEOLF7UDQVSRUWDWLRQ3URJUDPVDQGLPSOHPHQWLQJWUDQVLW
UHODWHGSURMHFWVZKLFKDUHIXQGHGLQSDUWZLWK)HGHUDOILQDQFLDODVVLVWDQFHDZDUGHGE\WKH86
'HSDUWPHQW RI 7UDQVSRUWDWLRQ DQG WKH )HGHUDO 7UDQVLW $GPLQLVWUDWLRQ )7$ ZLWKRXW
GLVFULPLQDWLQJDJDLQVWDQ\SHUVRQLQWKH8QLWHG6WDWHVRQWKHEDVLVRIUDFHFRORURUQDWLRQDO
RULJLQ
%7LWOH9,&LYLO5LJKWV$FWRIDVDPHQGHG&RQWUDFWRUVKDOOFRPSO\ZLWKWKHUHTXLUHPHQWVRI
WKH$FWDQGWKH5HJXODWLRQVDVIXUWKHUGHILQHGLQWKH6XSSOHPHQWDU\&RQGLWLRQVIRUDQ\SURMHFW
UHFHLYLQJ)HGHUDODVVLVWDQFH
$57,&/(±27+(5:25.$77+(6,7(
5HODWHG:RUNDW6LWH
$&LW\PD\SHUIRUPRWKHUZRUNUHODWHGWRWKH3URMHFWDWWKH6LWHZLWK&LW\¶VHPSOR\HHVRURWKHU
&LW\FRQWUDFWRUVRUWKURXJKRWKHUGLUHFWFRQWUDFWVWKHUHIRURUKDYHRWKHUZRUNSHUIRUPHGE\
XWLOLW\RZQHUV,IVXFKRWKHUZRUNLVQRWQRWHGLQWKH&RQWUDFW'RFXPHQWVWKHQZULWWHQQRWLFH
WKHUHRIZLOOEHJLYHQWR&RQWUDFWRUSULRUWRVWDUWLQJDQ\VXFKRWKHUZRUNDQG
%&RQWUDFWRUVKDOODIIRUGHDFKRWKHUFRQWUDFWRUZKRLVDSDUW\WRVXFKDGLUHFWFRQWUDFWHDFKXWLOLW\
RZQHU DQG &LW\ LI &LW\ LV SHUIRUPLQJ RWKHU ZRUN ZLWK &LW\¶V HPSOR\HHV RU RWKHU &LW\
FRQWUDFWRUV SURSHU DQG VDIH DFFHVV WR WKH 6LWH SURYLGH D UHDVRQDEOH RSSRUWXQLW\ IRU WKH
DocuSign Envelope ID: AE73A2C9-2DA1-4E69-954D-5B1574F66708
*(1(5$/&21',7,216
3DJHRI
&,7<2)'(1721
67$1'$5'&216758&7,2163(&,),&$7,21'2&80(176
5HYLVHG6HSWHPEHU
LQWURGXFWLRQDQGVWRUDJHRIPDWHULDOVDQGHTXLSPHQWDQGWKHH[HFXWLRQRIVXFKRWKHUZRUNDQG
SURSHUO\FRRUGLQDWHWKH:RUNZLWKWKHLUV&RQWUDFWRUVKDOOGRDOOFXWWLQJILWWLQJDQGSDWFKLQJRI
WKH:RUNWKDWPD\EHUHTXLUHGWRSURSHUO\FRQQHFWRURWKHUZLVHPDNHLWVVHYHUDOSDUWVFRPH
WRJHWKHUDQGSURSHUO\LQWHJUDWHZLWKVXFKRWKHUZRUN&RQWUDFWRUVKDOOQRWHQGDQJHUDQ\ZRUNRI
RWKHUV E\ FXWWLQJ H[FDYDWLQJ RU RWKHUZLVH DOWHULQJ VXFK ZRUN SURYLGHG KRZHYHU WKDW
&RQWUDFWRUPD\FXWRUDOWHURWKHUV
ZRUNZLWKWKHZULWWHQFRQVHQWRI&LW\DQGWKHRWKHUVZKRVH
ZRUNZLOOEHDIIHFWHG
&,IWKHSURSHUH[HFXWLRQRUUHVXOWVRIDQ\SDUWRI&RQWUDFWRU¶V:RUNGHSHQGVXSRQZRUNSHUIRUPHG
E\RWKHUVXQGHUWKLV$UWLFOH&RQWUDFWRUVKDOOLQVSHFWVXFKRWKHUZRUNDQGSURPSWO\UHSRUWWR
&LW\LQZULWLQJDQ\GHOD\VGHIHFWVRUGHILFLHQFLHVLQVXFKRWKHUZRUNWKDWUHQGHULWXQDYDLODEOH
RUXQVXLWDEOHIRUWKHSURSHUH[HFXWLRQDQGUHVXOWVRI&RQWUDFWRU¶V:RUN&RQWUDFWRU¶VIDLOXUHWRVR
UHSRUWZLOOFRQVWLWXWHDQDFFHSWDQFHRIVXFKRWKHUZRUNDVILWDQGSURSHUIRULQWHJUDWLRQZLWK
&RQWUDFWRU¶V:RUNH[FHSWIRUODWHQWGHIHFWVLQWKHZRUNSURYLGHGE\RWKHUV
&RRUGLQDWLRQ
$,I&LW\LQWHQGVWRFRQWUDFWZLWKRWKHUVIRUWKHSHUIRUPDQFHRIRWKHUZRUNRQWKH3URMHFWDWWKH
6LWHWKHIROORZLQJZLOOEHVHWIRUWKLQ6XSSOHPHQWDU\&RQGLWLRQV
WKHLQGLYLGXDORUHQWLW\ZKRZLOOKDYHDXWKRULW\DQGUHVSRQVLELOLW\IRUFRRUGLQDWLRQRIWKH
DFWLYLWLHVDPRQJWKHYDULRXVFRQWUDFWRUVZLOOEHLGHQWLILHG
WKHVSHFLILFPDWWHUVWREHFRYHUHGE\VXFKDXWKRULW\DQGUHVSRQVLELOLW\ZLOOEHLWHPL]HGDQG
WKHH[WHQWRIVXFKDXWKRULW\DQGUHVSRQVLELOLWLHVZLOOEHSURYLGHG
%8QOHVVRWKHUZLVHSURYLGHGLQWKH6XSSOHPHQWDU\&RQGLWLRQV&LW\VKDOOKDYHDXWKRULW\IRUVXFK
FRRUGLQDWLRQ
$57,&/(±&,7<¶65(63216,%,/,7,(6
&RPPXQLFDWLRQVWR&RQWUDFWRU
([FHSWDVRWKHUZLVHSURYLGHGLQWKH6XSSOHPHQWDU\&RQGLWLRQV&LW\VKDOOLVVXHDOOFRPPXQLFDWLRQV
WR&RQWUDFWRU
)XUQLVK'DWD
&LW\VKDOOWLPHO\IXUQLVKWKHGDWDUHTXLUHGXQGHUWKH&RQWUDFW'RFXPHQWV
3D\:KHQ'XH
&LW\VKDOOPDNHSD\PHQWVWR&RQWUDFWRULQDFFRUGDQFHZLWK$UWLFOH
DocuSign Envelope ID: AE73A2C9-2DA1-4E69-954D-5B1574F66708
*(1(5$/&21',7,216
3DJHRI
&,7<2)'(1721
67$1'$5'&216758&7,2163(&,),&$7,21'2&80(176
5HYLVHG6HSWHPEHU
/DQGVDQG(DVHPHQWV5HSRUWVDQG7HVWV
&LW\¶VGXWLHVZLWKUHVSHFWWRSURYLGLQJODQGVDQGHDVHPHQWVDQGSURYLGLQJHQJLQHHULQJVXUYH\VWR
HVWDEOLVKUHIHUHQFHSRLQWVDUHVHWIRUWKLQ3DUDJUDSKVDQG3DUDJUDSKUHIHUVWR&LW\¶V
LGHQWLI\LQJ DQG PDNLQJ DYDLODEOH WR &RQWUDFWRU FRSLHV RI UHSRUWV RI H[SORUDWLRQV DQG WHVWV RI
VXEVXUIDFHFRQGLWLRQVDQGGUDZLQJVRISK\VLFDOFRQGLWLRQVUHODWLQJWRH[LVWLQJVXUIDFHRUVXEVXUIDFH
VWUXFWXUHVDWRUFRQWLJXRXVWRWKH6LWHWKDWKDYHEHHQXWLOL]HGE\&LW\LQSUHSDULQJWKH&RQWUDFW
'RFXPHQWV
&KDQJH2UGHUV
&LW\VKDOOH[HFXWH&KDQJH2UGHUVLQDFFRUGDQFHZLWK3DUDJUDSK
,QVSHFWLRQV7HVWVDQG$SSURYDOV
&LW\¶VUHVSRQVLELOLW\ZLWKUHVSHFWWRFHUWDLQLQVSHFWLRQVWHVWVDQGDSSURYDOVLVVHWIRUWKLQ3DUDJUDSK
/LPLWDWLRQVRQ&LW\¶V5HVSRQVLELOLWLHV
$7KH&LW\VKDOOQRWVXSHUYLVHGLUHFWRUKDYHFRQWURORUDXWKRULW\RYHUQRUEHUHVSRQVLEOHIRU
&RQWUDFWRU¶VPHDQVPHWKRGVWHFKQLTXHVVHTXHQFHVRUSURFHGXUHVRIFRQVWUXFWLRQRUWKHVDIHW\
SUHFDXWLRQVDQGSURJUDPVLQFLGHQWWKHUHWRRUIRUDQ\IDLOXUHRI&RQWUDFWRUWRFRPSO\ZLWK/DZV
DQG5HJXODWLRQVDSSOLFDEOHWRWKHSHUIRUPDQFHRIWKH:RUN&LW\ZLOOQRWEHUHVSRQVLEOHIRU
&RQWUDFWRU¶VIDLOXUHWRSHUIRUPWKH:RUNLQDFFRUGDQFHZLWKWKH&RQWUDFW'RFXPHQWV
%&LW\ZLOOQRWLI\WKH&RQWUDFWRURIDSSOLFDEOHVDIHW\SODQVSXUVXDQWWR3DUDJUDSK
8QGLVFORVHG+D]DUGRXV(QYLURQPHQWDO&RQGLWLRQ
&LW\¶VUHVSRQVLELOLW\ZLWKUHVSHFWWRDQXQGLVFORVHG+D]DUGRXV(QYLURQPHQWDO&RQGLWLRQLVVHWIRUWK
LQ3DUDJUDSK
&RPSOLDQFHZLWK6DIHW\3URJUDP
:KLOHDWWKH6LWH&LW\¶VHPSOR\HHVDQGUHSUHVHQWDWLYHVVKDOOFRPSO\ZLWKWKHVSHFLILFDSSOLFDEOH
UHTXLUHPHQWVRI&RQWUDFWRU¶VVDIHW\SURJUDPVRIZKLFK&LW\KDVEHHQLQIRUPHGSXUVXDQWWR
3DUDJUDSK
$57,&/(±&,7<¶62%6(59$7,2167$786'85,1*&216758&7,21
&LW\¶V3URMHFW0DQDJHURU'XO\$XWKRUL]HG5HSUHVHQWDWLYH
&LW\ZLOOSURYLGHD3URMHFW0DQDJHURUGXO\DXWKRUL]HGUHSUHVHQWDWLYH GXULQJ WKH FRQVWUXFWLRQ
SHULRG7KHGXWLHVDQGUHVSRQVLELOLWLHVDQGWKHOLPLWDWLRQVRIDXWKRULW\RI&LW\¶V3URMHFW0DQDJHURU
GXO\DSSRLQWHGUHSUHVHQWDWLYHGXULQJFRQVWUXFWLRQDUHVHWIRUWKLQWKH&RQWUDFW'RFXPHQWV&LW\¶V
3URMHFW0DQDJHUIRUWKLV&RQWUDFWLVDVVHWIRUWKLQWKH6XSSOHPHQWDU\&RQGLWLRQV&LW\ZLOOHVWDEOLVK
DGXO\DXWKRUL]HGUHSUHVHQWDWLYHDWWKH3UHFRQVWUXFWLRQ0HHWLQJLQDFFRUGDQFHZLWK6HFWLRQ
DocuSign Envelope ID: AE73A2C9-2DA1-4E69-954D-5B1574F66708
*(1(5$/&21',7,216
3DJHRI
&,7<2)'(1721
67$1'$5'&216758&7,2163(&,),&$7,21'2&80(176
5HYLVHG6HSWHPEHU
9LVLWVWR6LWH
$&LW\ZLOOPDNHYLVLWVWRWKH6LWHDWLQWHUYDOVDSSURSULDWHWRWKHYDULRXVVWDJHVRIFRQVWUXFWLRQDV
&LW\GHHPVQHFHVVDU\LQRUGHUWRREVHUYHWKHSURJUHVVWKDWKDVEHHQPDGHDQGWKHTXDOLW\RI
WKHYDULRXVDVSHFWVRI&RQWUDFWRU¶VH[HFXWHG:RUN%DVHGRQLQIRUPDWLRQREWDLQHGGXULQJ
VXFK YLVLWV DQG REVHUYDWLRQV &LW\ ZLOOGHWHUPLQH LQ JHQHUDOLIWKH:RUNLVSURFHHGLQJLQ
DFFRUGDQFH ZLWK WKH &RQWUDFW 'RFXPHQWV &LW\ ZLOO QRW EH UHTXLUHG WR PDNH H[KDXVWLYH RU
FRQWLQXRXVLQVSHFWLRQVRQWKH6LWHWRFKHFNWKHTXDOLW\RUTXDQWLW\RIWKH:RUN&LW\¶VHIIRUWV
ZLOOEHGLUHFWHGWRZDUGSURYLGLQJ&LW\DJUHDWHUGHJUHHRIFRQILGHQFHWKDWWKHFRPSOHWHG:RUN
ZLOOFRQIRUPJHQHUDOO\WRWKH&RQWUDFW'RFXPHQWV
%&LW\¶VYLVLWVDQGREVHUYDWLRQVDUHVXEMHFWWRDOOWKHOLPLWDWLRQVRQDXWKRULW\DQGUHVSRQVLELOLW\VHW
IRUWKLQ3DUDJUDSK3DUWLFXODUO\EXWZLWKRXWOLPLWDWLRQGXULQJRUDVDUHVXOWRI&LW\¶VYLVLWV
RUREVHUYDWLRQVRI&RQWUDFWRU¶V:RUN&LW\ZLOOQRWVXSHUYLVHGLUHFWFRQWURORUKDYHDXWKRULW\
RYHURUEHUHVSRQVLEOHIRU&RQWUDFWRU¶VPHDQVPHWKRGVWHFKQLTXHVVHTXHQFHVRUSURFHGXUHV
RIFRQVWUXFWLRQRUWKHVDIHW\SUHFDXWLRQVDQGSURJUDPVLQFLGHQWWKHUHWRRUIRUDQ\IDLOXUHRI
&RQWUDFWRUWRFRPSO\ZLWK/DZVDQG5HJXODWLRQVDSSOLFDEOHWRWKHSHUIRUPDQFHRIWKH:RUN
$XWKRUL]HG9DULDWLRQVLQ:RUN
&LW\¶V 3URMHFW 0DQDJHU RU GXO\ DXWKRUL]HG UHSUHVHQWDWLYH PD\ DXWKRUL]H PLQRU YDULDWLRQV LQ WKH
:RUNIURPWKHUHTXLUHPHQWVRIWKH&RQWUDFW'RFXPHQWVZKLFKGRQRWLQYROYHDQDGMXVWPHQWLQWKH
&RQWUDFW3ULFHRUWKH&RQWUDFW7LPHDQGDUHFRPSDWLEOHZLWKWKHGHVLJQFRQFHSWRIWKHFRPSOHWHG
3URMHFWDVDIXQFWLRQLQJZKROHDVLQGLFDWHGE\WKH&RQWUDFW'RFXPHQWV7KHVHPD\EHDFFRPSOLVKHG
E\D)LHOG2UGHUDQGZLOOEHELQGLQJRQ&LW\DQGDOVRRQ&RQWUDFWRUZKRVKDOOSHUIRUPWKH:RUN
LQYROYHGSURPSWO\
5HMHFWLQJ'HIHFWLYH:RUN
&LW\ ZLOO KDYH DXWKRULW\ WR UHMHFW :RUN ZKLFK &LW\¶V 3URMHFW 0DQDJHU RU GXO\ DXWKRUL]HG
UHSUHVHQWDWLYHEHOLHYHVWREHGHIHFWLYHRUZLOOQRWSURGXFHDFRPSOHWHG3URMHFWWKDWFRQIRUPVWRWKH
&RQWUDFW'RFXPHQWVRUWKDWZLOOSUHMXGLFH WKH LQWHJULW\ RI WKHGHVLJQ FRQFHSW RI WKH FRPSOHWHG
3URMHFWDVDIXQFWLRQLQJZKROHDVLQGLFDWHGE\WKH&RQWUDFW'RFXPHQWV&LW\ZLOOKDYHDXWKRULW\WR
FRQGXFWVSHFLDOLQVSHFWLRQRUWHVWLQJRIWKH:RUNDVSURYLGHGLQ$UWLFOHZKHWKHURUQRWWKH:RUN
LVIDEULFDWHGLQVWDOOHGRUFRPSOHWHG
'HWHUPLQDWLRQVIRU:RUN3HUIRUPHG
&RQWUDFWRUZLOOGHWHUPLQHWKHDFWXDOTXDQWLWLHVDQGFODVVLILFDWLRQVRI:RUNSHUIRUPHG&LW\¶V3URMHFW
0DQDJHU RU GXO\ DXWKRUL]HG UHSUHVHQWDWLYH ZLOO UHYLHZ ZLWK &RQWUDFWRU WKH SUHOLPLQDU\
GHWHUPLQDWLRQVRQVXFKPDWWHUVEHIRUHUHQGHULQJDZULWWHQUHFRPPHQGDWLRQ&LW\¶VZULWWHQGHFLVLRQ
ZLOOEHILQDOH[FHSWDVPRGLILHGWRUHIOHFWFKDQJHGIDFWXDOFRQGLWLRQVRUPRUHDFFXUDWHGDWD
DocuSign Envelope ID: AE73A2C9-2DA1-4E69-954D-5B1574F66708
*(1(5$/&21',7,216
3DJHRI
&,7<2)'(1721
67$1'$5'&216758&7,2163(&,),&$7,21'2&80(176
5HYLVHG6HSWHPEHU
'HFLVLRQVRQ5HTXLUHPHQWVRI&RQWUDFW'RFXPHQWVDQG$FFHSWDELOLW\RI:RUN
$&LW\ZLOOEHWKHLQLWLDOLQWHUSUHWHURIWKHUHTXLUHPHQWVRIWKH&RQWUDFW'RFXPHQWVDQGMXGJHRIWKH
DFFHSWDELOLW\RIWKH:RUNWKHUHXQGHU
%&LW\ZLOOUHQGHUDZULWWHQGHFLVLRQRQDQ\LVVXHUHIHUUHG
&&LW\¶VZULWWHQGHFLVLRQRQWKHLVVXHUHIHUUHGZLOOEHILQDODQGELQGLQJRQWKH&RQWUDFWRUVXEMHFW
WRWKHSURYLVLRQVRI3DUDJUDSK
$57,&/(±&+$1*(6,17+(:25.&/$,06(;75$:25.
$XWKRUL]HG&KDQJHVLQWKH:RUN
$:LWKRXWLQYDOLGDWLQJWKH&RQWUDFWDQGZLWKRXWQRWLFHWRDQ\VXUHW\&LW\PD\DWDQ\WLPHRUIURP
WLPHWRWLPHRUGHU([WUD:RUN8SRQQRWLFHRIVXFK([WUD:RUN&RQWUDFWRUVKDOOSURFHHGZLWK
WKH:RUNLQYROYHGRQO\XSRQUHFHLYLQJZULWWHQQRWLFHIURP&LW\([WUD:RUNZLOOEHSHUIRUPHG
XQGHU WKH DSSOLFDEOH FRQGLWLRQV RI WKH&RQWUDFW 'RFXPHQWV H[FHSWDV RWKHUZLVHVSHFLILFDOO\
SURYLGHG([WUD:RUNVKDOOEHPHPRULDOL]HGE\D&KDQJH2UGHUZKLFKPD\RUPD\QRWSUHFHGH
DQRUGHURI([WUDZRUN
%)RUPLQRUFKDQJHVRI:RUNQRWUHTXLULQJFKDQJHVWR&RQWUDFW7LPHRU&RQWUDFW3ULFHD)LHOG
2UGHUPD\EHLVVXHGE\WKH&LW\
8QDXWKRUL]HG&KDQJHVLQWKH:RUN
&RQWUDFWRUVKDOOQRWEHHQWLWOHGWRDQLQFUHDVHLQWKH&RQWUDFW3ULFHRUDQH[WHQVLRQRIWKH&RQWUDFW
7LPH ZLWK UHVSHFW WR DQ\ ZRUN SHUIRUPHG WKDW LV QRW UHTXLUHG E\WKH&RQWUDFW'RFXPHQWVDV
DPHQGHG PRGLILHG RU VXSSOHPHQWHG DV SURYLGHG LQ 3DUDJUDSK H[FHSW LQ WKH FDVH RI DQ
HPHUJHQF\DVSURYLGHGLQ3DUDJUDSK
([HFXWLRQRI&KDQJH2UGHUV
$&LW\DQG&RQWUDFWRUVKDOOH[HFXWHDSSURSULDWH&KDQJH2UGHUVFRYHULQJ
FKDQJHVLQWKH:RUNZKLFKDUH LRUGHUHGE\&LW\SXUVXDQWWR3DUDJUDSK$LL
UHTXLUHGEHFDXVHRIDFFHSWDQFHRIGHIHFWLYH:RUNXQGHU3DUDJUDSKRU&LW\¶VFRUUHFWLRQ
RIGHIHFWLYH:RUNXQGHU3DUDJUDSKRULLLDJUHHGWRE\WKHSDUWLHV
FKDQJHVLQWKH&RQWUDFW3ULFHRU&RQWUDFW7LPHZKLFKDUHDJUHHGWRE\WKHSDUWLHVLQFOXGLQJ
DQ\XQGLVSXWHGVXPRUDPRXQWRIWLPHIRU:RUNDFWXDOO\SHUIRUPHG
'LVSXWHRI([WUD:RUN
$6KRXOGDGLIIHUHQFHDULVHDVWRZKDWGRHVRUGRHVQRWFRQVWLWXWH([WUD:RUNRUDVWRWKHSD\PHQW
WKHUHRIDQGWKH&LW\LQVLVWVXSRQLWVSHUIRUPDQFHWKH&RQWUDFWRUVKDOOSURFHHGZLWKWKHZRUN
DIWHUPDNLQJZULWWHQUHTXHVWIRUZULWWHQRUGHUVDQGVKDOONHHSDFFXUDWHDFFRXQWRIWKHDFWXDO
DocuSign Envelope ID: AE73A2C9-2DA1-4E69-954D-5B1574F66708
*(1(5$/&21',7,216
3DJHRI
&,7<2)'(1721
67$1'$5'&216758&7,2163(&,),&$7,21'2&80(176
5HYLVHG6HSWHPEHU
UHDVRQDEOH FRVW WKHUHRI &RQWUDFW &ODLPV UHJDUGLQJ ([WUD :RUN VKDOO EH PDGH SXUVXDQW WR
3DUDJUDSK
%7KH&RQWUDFWRUVKDOOIXUQLVKWKH&LW\VXFKLQVWDOODWLRQUHFRUGVRIDOOGHYLDWLRQVIURPWKHRULJLQDO
&RQWUDFW'RFXPHQWVDVPD\EHQHFHVVDU\WRHQDEOHWKH&LW\WRSUHSDUHIRUSHUPDQHQWUHFRUGD
FRUUHFWHGVHWRISODQVVKRZLQJWKHDFWXDOLQVWDOODWLRQ
&7KHFRPSHQVDWLRQDJUHHGXSRQIRU([WUD:RUNZKHWKHURUQRWLQLWLDWHGE\D&KDQJH2UGHUVKDOO
EHDIXOOFRPSOHWHDQGILQDOSD\PHQWIRUDOOFRVWV&RQWUDFWRULQFXUVDVDUHVXOWRUUHODWLQJWRWKH
FKDQJHRU([WUD:RUNZKHWKHUVDLGFRVWVDUHNQRZQXQNQRZQIRUHVHHQRUXQIRUHVHHQDWWKDW
WLPHLQFOXGLQJZLWKRXWOLPLWDWLRQDQ\FRVWVIRUGHOD\H[WHQGHGRYHUKHDGULSSOHRULPSDFWFRVW
RUDQ\RWKHUHIIHFWRQFKDQJHGRUXQFKDQJHGZRUNDVDUHVXOWRIWKHFKDQJHRU([WUD:RUN
1RWLILFDWLRQWR6XUHW\
,IWKHSURYLVLRQVRIDQ\ERQGUHTXLUHQRWLFHWREHJLYHQWRDVXUHW\RIDQ\FKDQJHDIIHFWLQJWKH
JHQHUDOVFRSHRIWKH:RUNRUWKHSURYLVLRQVRIWKH&RQWUDFW'RFXPHQWVLQFOXGLQJEXWQRWOLPLWHG
WR &RQWUDFW 3ULFH RU &RQWUDFW 7LPH WKH JLYLQJ RI DQ\ VXFK QRWLFH ZLOO EH &RQWUDFWRU¶V
UHVSRQVLELOLW\7KHDPRXQWRIHDFKDSSOLFDEOHERQGZLOOEHDGMXVWHGE\WKH&RQWUDFWRUWRUHIOHFWWKH
HIIHFWRIDQ\VXFKFKDQJH
&RQWUDFW&ODLPV3URFHVV
$&LW\¶V'HFLVLRQ5HTXLUHG$OO&RQWUDFW&ODLPVH[FHSWWKRVHZDLYHGSXUVXDQWWR3DUDJUDSK
VKDOOEHUHIHUUHGWRWKH&LW\IRUGHFLVLRQ$GHFLVLRQE\&LW\VKDOOEHUHTXLUHGDVDFRQGLWLRQ
SUHFHGHQWWRDQ\H[HUFLVHE\&RQWUDFWRURIDQ\ULJKWVRUUHPHGLHVKHPD\RWKHUZLVHKDYHXQGHU
WKH&RQWUDFW'RFXPHQWVRUE\/DZVDQG5HJXODWLRQVLQUHVSHFWRIVXFK&RQWUDFW&ODLPV
%1RWLFH
:ULWWHQQRWLFHVWDWLQJWKHJHQHUDOQDWXUHRIHDFK&RQWUDFW&ODLPVKDOOEHGHOLYHUHGE\WKH
&RQWUDFWRUWR&LW\QRODWHUWKDQGD\VDIWHUWKHVWDUWRIWKHHYHQWJLYLQJULVHWKHUHWR7KH
UHVSRQVLELOLW\WRVXEVWDQWLDWHD&RQWUDFW&ODLPVKDOOUHVWZLWKWKHSDUW\PDNLQJWKH&RQWUDFW
&ODLP
1RWLFHRIWKHDPRXQWRUH[WHQWRIWKH&RQWUDFW&ODLPZLWKVXSSRUWLQJGDWDVKDOOEHGHOLYHUHG
WRWKH&LW\RQRUEHIRUHGD\VIURPWKHVWDUWRIWKHHYHQWJLYLQJULVHWKHUHWRXQOHVVWKH&LW\
DOORZVDGGLWLRQDOWLPHIRU&RQWUDFWRUWRVXEPLWDGGLWLRQDORUPRUHDFFXUDWHGDWDLQVXSSRUWRI
VXFK&RQWUDFW&ODLP
$&RQWUDFW&ODLPIRUDQDGMXVWPHQWLQ&RQWUDFW3ULFHVKDOOEHSUHSDUHGLQDFFRUGDQFHZLWK
WKHSURYLVLRQVRI3DUDJUDSK
$&RQWUDFW&ODLPIRUDQDGMXVWPHQWLQ&RQWUDFW7LPHVKDOOEHSUHSDUHGLQDFFRUGDQFHZLWK
WKHSURYLVLRQVRI3DUDJUDSK
DocuSign Envelope ID: AE73A2C9-2DA1-4E69-954D-5B1574F66708
*(1(5$/&21',7,216
3DJHRI
&,7<2)'(1721
67$1'$5'&216758&7,2163(&,),&$7,21'2&80(176
5HYLVHG6HSWHPEHU
(DFK &RQWUDFW &ODLP VKDOO EH DFFRPSDQLHG E\ &RQWUDFWRU¶V ZULWWHQ VWDWHPHQW WKDW WKH
DGMXVWPHQWFODLPHGLVWKHHQWLUHDGMXVWPHQWWRZKLFKWKH&RQWUDFWRUEHOLHYHVLWLVHQWLWOHGDVD
UHVXOWRIVDLGHYHQW
7KH&LW\VKDOOVXEPLWDQ\UHVSRQVHWRWKH&RQWUDFWRUZLWKLQGD\VDIWHUUHFHLSWRIWKH
FODLPDQW¶VODVWVXEPLWWDOXQOHVV&RQWUDFWDOORZVDGGLWLRQDOWLPH
&&LW\¶V$FWLRQ&LW\ZLOOUHYLHZHDFK&RQWUDFW&ODLPDQGZLWKLQGD\VDIWHUUHFHLSWRIWKHODVW
VXEPLWWDORIWKH&RQWUDFWRULIDQ\WDNHRQHRIWKHIROORZLQJDFWLRQVLQZULWLQJ
GHQ\WKH&RQWUDFW&ODLPLQZKROHRULQSDUW
DSSURYHWKH&RQWUDFW&ODLPRU
QRWLI\WKH&RQWUDFWRUWKDWWKH&LW\LVXQDEOHWRUHVROYHWKH&RQWUDFW&ODLPLILQWKH&LW\¶V
VROH GLVFUHWLRQ LW ZRXOG EH LQDSSURSULDWH IRUWKH&LW\WRGR VR )RUSXUSRVHVRI IXUWKHU
UHVROXWLRQRIWKH&RQWUDFW&ODLPVXFKQRWLFHVKDOOEHGHHPHGDGHQLDO
'&LW\¶VZULWWHQDFWLRQXQGHU3DUDJUDSK&ZLOOEHILQDODQGELQGLQJXQOHVV&LW\RU
&RQWUDFWRULQYRNHWKHGLVSXWHUHVROXWLRQSURFHGXUHVHWIRUWKLQ$UWLFOHZLWKLQGD\VRIVXFK
DFWLRQRUGHQLDO
(1R&RQWUDFW&ODLPIRUDQDGMXVWPHQWLQ&RQWUDFW3ULFHRU&RQWUDFW7LPHZLOOEHYDOLGLIQRW
VXEPLWWHGLQDFFRUGDQFHZLWKWKLV3DUDJUDSK
),I WKH &LW\ IDLOV WRWDNH DQ\ DFWLRQ SXUVXDQW WR 3DUDJUDSK & WKH FRQWUDFW &ODLP LV
FRQVLGHUHGWRKDYHEHHQGHQLHGE\WKH&LW\
$57,&/(±&2672)7+(:25.$//2:$1&(681,735,&(:25.3/$16
48$17,7<0($685(0(17
&RVWRIWKH:RUN
$&RVWV,QFOXGHG7KHWHUP&RVWRIWKH:RUNPHDQVWKHVXPRIDOOFRVWVH[FHSWWKRVHH[FOXGHGLQ
3DUDJUDSK%QHFHVVDULO\LQFXUUHGDQGSDLGE\&RQWUDFWRULQWKHSURSHUSHUIRUPDQFHRIWKH
:RUN:KHQWKHYDOXHRIDQ\:RUNFRYHUHGE\D&KDQJH2UGHUWKHFRVWVWREHUHLPEXUVHGWR
&RQWUDFWRUZLOOEHRQO\WKRVHDGGLWLRQDORULQFUHPHQWDOFRVWVUHTXLUHGEHFDXVHRIWKHFKDQJHLQ
WKH:RUN6XFKFRVWVVKDOOQRWLQFOXGHDQ\RIWKHFRVWVLWHPL]HGLQ3DUDJUDSK%DQGVKDOO
LQFOXGHEXWQRWEHOLPLWHGWRWKHIROORZLQJLWHPV
3D\UROOFRVWVIRUHPSOR\HHVLQWKHGLUHFWHPSOR\RI&RQWUDFWRULQWKHSHUIRUPDQFHRIWKH
:RUN XQGHU VFKHGXOHV RI MRE FODVVLILFDWLRQV DJUHHG XSRQ E\ &LW\ DQG &RQWUDFWRU 6XFK
HPSOR\HHVVKDOOLQFOXGHZLWKRXWOLPLWDWLRQVXSHULQWHQGHQWVIRUHPHQDQGRWKHUSHUVRQQHO
HPSOR\HGIXOOWLPHRQWKH:RUN3D\UROOFRVWVIRUHPSOR\HHVQRWHPSOR\HGIXOOWLPHRQWKH
:RUNVKDOOEHDSSRUWLRQHGRQWKHEDVLVRIWKHLUWLPHVSHQWRQWKH:RUN3D\UROOFRVWVVKDOO
LQFOXGH
DocuSign Envelope ID: AE73A2C9-2DA1-4E69-954D-5B1574F66708
*(1(5$/&21',7,216
3DJHRI
&,7<2)'(1721
67$1'$5'&216758&7,2163(&,),&$7,21'2&80(176
5HYLVHG6HSWHPEHU
DVDODULHVDQGZDJHVSOXVWKHFRVWRIIULQJHEHQHILWVZKLFKVKDOOLQFOXGHVRFLDOVHFXULW\
FRQWULEXWLRQVXQHPSOR\PHQWH[FLVHDQGSD\UROOWD[HVZRUNHUV¶FRPSHQVDWLRQKHDOWK
DQGUHWLUHPHQWEHQHILWVERQXVHVVLFNOHDYHYDFDWLRQDQGKROLGD\SD\DSSOLFDEOHWKHUHWR
7KHH[SHQVHVRISHUIRUPLQJ:RUNRXWVLGHRI5HJXODU:RUNLQJ+RXUV:HHNHQG
:RUNLQJ+RXUVRUOHJDOKROLGD\VVKDOOEHLQFOXGHGLQWKHDERYHWRWKHH[WHQWDXWKRUL]HG
E\&LW\
&RVWRIDOOPDWHULDOVDQGHTXLSPHQWIXUQLVKHGDQGLQFRUSRUDWHGLQWKH:RUNLQFOXGLQJFRVWV
RIWUDQVSRUWDWLRQDQGVWRUDJHWKHUHRIDQG6XSSOLHUV¶ILHOGVHUYLFHVUHTXLUHGLQFRQQHFWLRQ
WKHUHZLWK
5HQWDOVRIDOOFRQVWUXFWLRQHTXLSPHQWDQGPDFKLQHU\DQGWKHSDUWVWKHUHRIZKHWKHUUHQWHG
IURP&RQWUDFWRURURWKHUVLQDFFRUGDQFHZLWKUHQWDODJUHHPHQWVDSSURYHGE\&LW\DQGWKH
FRVWVRIWUDQVSRUWDWLRQORDGLQJXQORDGLQJDVVHPEO\GLVPDQWOLQJDQGUHPRYDOWKHUHRI$OO
VXFKFRVWVVKDOOEHLQDFFRUGDQFHZLWKWKHWHUPVRIVDLGUHQWDODJUHHPHQWV7KHUHQWDORIDQ\
VXFKHTXLSPHQWPDFKLQHU\RUSDUWVVKDOOFHDVHZKHQWKHXVHWKHUHRILVQRORQJHUQHFHVVDU\
IRUWKH:RUN
3D\PHQWVPDGHE\&RQWUDFWRUWR6XEFRQWUDFWRUVIRU:RUNSHUIRUPHGE\6XEFRQWUDFWRUV,I
UHTXLUHGE\&LW\&RQWUDFWRUVKDOOREWDLQFRPSHWLWLYHELGVIURPVXEFRQWUDFWRUVDFFHSWDEOHWR
&LW\DQG&RQWUDFWRUDQGVKDOOGHOLYHUVXFKELGVWR&LW\ZKRZLOOWKHQGHWHUPLQHZKLFKELGV
LIDQ\ZLOOEHDFFHSWDEOH,IDQ\VXEFRQWUDFWSURYLGHVWKDWWKH6XEFRQWUDFWRULVWREHSDLGRQ
WKHEDVLVRI&RVWRIWKH:RUNSOXVDIHHWKH6XEFRQWUDFWRU¶V&RVWRIWKH:RUNDQGIHHVKDOO
EHGHWHUPLQHGLQWKHVDPHPDQQHUDV&RQWUDFWRU¶V&RVWRIWKH:RUNDQGIHHDVSURYLGHGLQ
WKLV3DUDJUDSK
&RVWV RI VSHFLDO FRQVXOWDQWV LQFOXGLQJ EXW QRW OLPLWHG WR HQJLQHHUV DUFKLWHFWV WHVWLQJ
ODERUDWRULHVVXUYH\RUVDWWRUQH\VDQGDFFRXQWDQWVHPSOR\HGIRUVHUYLFHVVSHFLILFDOO\UHODWHG
WRWKH:RUN
6XSSOHPHQWDOFRVWVLQFOXGLQJWKHIROORZLQJ
D7KH SURSRUWLRQ RI QHFHVVDU\ WUDQVSRUWDWLRQ WUDYHO DQGVXEVLVWHQFH H[SHQVHV RI
&RQWUDFWRU¶VHPSOR\HHVLQFXUUHGLQGLVFKDUJHRIGXWLHVFRQQHFWHGZLWKWKH:RUN
E&RVW LQFOXGLQJ WUDQVSRUWDWLRQ DQG PDLQWHQDQFH RI DOO PDWHULDOVVXSSOLHVHTXLSPHQW
PDFKLQHU\DSSOLDQFHVRIILFHDQGWHPSRUDU\IDFLOLWLHVDWWKH6LWHDQGKDQGWRROVQRW
RZQHGE\WKHZRUNHUVZKLFKDUHFRQVXPHGLQWKHSHUIRUPDQFHRIWKH:RUNDQGFRVW
OHVVPDUNHWYDOXHRIVXFKLWHPVXVHGEXWQRWFRQVXPHGZKLFKUHPDLQWKHSURSHUW\RI
&RQWUDFWRU
F6DOHVFRQVXPHUXVHDQGRWKHUVLPLODUWD[HVUHODWHGWRWKH:RUNDQGIRUZKLFK
&RQWUDFWRU LV OLDEOH QRW FRYHUHG XQGHU 3DUDJUDSK DV LPSRVHG E\ /DZV DQG
5HJXODWLRQV
DocuSign Envelope ID: AE73A2C9-2DA1-4E69-954D-5B1574F66708
*(1(5$/&21',7,216
3DJHRI
&,7<2)'(1721
67$1'$5'&216758&7,2163(&,),&$7,21'2&80(176
5HYLVHG6HSWHPEHU
G'HSRVLWV ORVW IRU FDXVHV RWKHU WKDQ QHJOLJHQFH RI &RQWUDFWRU DQ\ 6XEFRQWUDFWRU RU
DQ\RQHGLUHFWO\RULQGLUHFWO\HPSOR\HGE\DQ\RIWKHPRUIRUZKRVHDFWVDQ\RIWKHPPD\
EHOLDEOHDQGUR\DOW\SD\PHQWVDQGIHHVIRUSHUPLWVDQGOLFHQVHV
H/RVVHV DQG GDPDJHV DQG UHODWHG H[SHQVHV FDXVHG E\ GDPDJH WR WKH :RUN QRW
FRPSHQVDWHGE\LQVXUDQFHRURWKHUZLVHVXVWDLQHGE\&RQWUDFWRULQFRQQHFWLRQZLWKWKH
SHUIRUPDQFHRIWKH:RUNSURYLGHGVXFKORVVHVDQGGDPDJHVKDYHUHVXOWHGIURPFDXVHV
RWKHU WKDQ WKH QHJOLJHQFH RI &RQWUDFWRU DQ\ 6XEFRQWUDFWRU RUDQ\RQH GLUHFWO\ RU
LQGLUHFWO\HPSOR\HGE\DQ\RIWKHPRUIRUZKRVHDFWVDQ\RIWKHPPD\EHOLDEOH6XFK
ORVVHVVKDOOLQFOXGHVHWWOHPHQWVPDGHZLWKWKHZULWWHQFRQVHQWDQGDSSURYDORI&LW\1R
VXFKORVVHVGDPDJHVDQGH[SHQVHVVKDOOEHLQFOXGHGLQWKH&RVWRIWKH:RUNIRUWKH
SXUSRVHRIGHWHUPLQLQJ&RQWUDFWRU¶VIHH
I7KHFRVWRIXWLOLWLHVIXHODQGVDQLWDU\IDFLOLWLHVDWWKH6LWH
J0LQRU H[SHQVHV VXFK DV WHOHJUDPV ORQJ GLVWDQFH WHOHSKRQH FDOOV WHOHSKRQH DQG
FRPPXQLFDWLRQVHUYLFHVDWWKH6LWHH[SUHVVDQGFRXULHUVHUYLFHVDQGVLPLODUSHWW\FDVK
LWHPVLQFRQQHFWLRQZLWKWKH:RUN
K7KHFRVWVRISUHPLXPVIRUDOOERQGVDQGLQVXUDQFH&RQWUDFWRULVUHTXLUHGE\WKH&RQWUDFW
'RFXPHQWVWRSXUFKDVHDQGPDLQWDLQ
%&RVWV([FOXGHG7KHWHUP&RVWRIWKH:RUNVKDOOQRWLQFOXGHDQ\RIWKHIROORZLQJLWHPV
3D\UROO FRVWV DQG RWKHU FRPSHQVDWLRQ RI &RQWUDFWRU¶V RIILFHUVH[HFXWLYHV SULQFLSDOV RI
SDUWQHUVKLSV DQG VROH SURSULHWRUVKLSV JHQHUDO PDQDJHUV VDIHW\ PDQDJHUV HQJLQHHUV
DUFKLWHFWV HVWLPDWRUV DWWRUQH\V DXGLWRUV DFFRXQWDQWV SXUFKDVLQJ DQG FRQWUDFWLQJ DJHQWV
H[SHGLWHUVWLPHNHHSHUVFOHUNVDQGRWKHUSHUVRQQHOHPSOR\HGE\&RQWUDFWRUZKHWKHUDWWKH
6LWHRULQ&RQWUDFWRU¶VSULQFLSDORUEUDQFKRIILFHIRUJHQHUDODGPLQLVWUDWLRQRIWKH:RUNDQG
QRWVSHFLILFDOO\LQFOXGHGLQWKHDJUHHGXSRQVFKHGXOHRIMREFODVVLILFDWLRQVUHIHUUHGWRLQ
3DUDJUDSK$RUVSHFLILFDOO\FRYHUHGE\3DUDJUDSK$DOORIZKLFKDUHWREH
FRQVLGHUHGDGPLQLVWUDWLYHFRVWVFRYHUHGE\WKH&RQWUDFWRU¶VIHH
([SHQVHVRI&RQWUDFWRU¶VSULQFLSDODQGEUDQFKRIILFHVRWKHUWKDQ&RQWUDFWRU¶VRIILFHDWWKH
6LWH
$Q\SDUWRI&RQWUDFWRU¶VFDSLWDOH[SHQVHVLQFOXGLQJLQWHUHVWRQ&RQWUDFWRU¶VFDSLWDO
HPSOR\HGIRUWKH:RUNDQGFKDUJHVDJDLQVW&RQWUDFWRUIRUGHOLQTXHQWSD\PHQWV
&RVWVGXHWRWKHQHJOLJHQFHRI&RQWUDFWRUDQ\6XEFRQWUDFWRURUDQ\RQHGLUHFWO\RULQGLUHFWO\
HPSOR\HGE\DQ\RIWKHPRUIRUZKRVHDFWVDQ\RIWKHPPD\EHOLDEOHLQFOXGLQJEXWQRW
OLPLWHGWRWKHFRUUHFWLRQRIGHIHFWLYH:RUNGLVSRVDORIPDWHULDOVRUHTXLSPHQWZURQJO\
VXSSOLHGDQGPDNLQJJRRGDQ\GDPDJHWRSURSHUW\
2WKHURYHUKHDGRUJHQHUDOH[SHQVHFRVWVRIDQ\NLQG
DocuSign Envelope ID: AE73A2C9-2DA1-4E69-954D-5B1574F66708
*(1(5$/&21',7,216
3DJHRI
&,7<2)'(1721
67$1'$5'&216758&7,2163(&,),&$7,21'2&80(176
5HYLVHG6HSWHPEHU
&&RQWUDFWRU¶V)HH:KHQDOOWKH:RUNLVSHUIRUPHGRQWKHEDVLVRIFRVWSOXV&RQWUDFWRU¶VIHH
VKDOOEHGHWHUPLQHGDVVHWIRUWKLQWKH$JUHHPHQW:KHQWKHYDOXHRIDQ\:RUNFRYHUHGE\D
&KDQJH2UGHUIRUDQDGMXVWPHQWLQ&RQWUDFW3ULFHLVGHWHUPLQHGRQWKHEDVLVRI&RVWRIWKH
:RUN&RQWUDFWRU¶VIHHVKDOOEHGHWHUPLQHGDVVHWIRUWKLQ3DUDJUDSK&
''RFXPHQWDWLRQ:KHQHYHUWKH&RVWRIWKH:RUNIRUDQ\SXUSRVHLVWREHGHWHUPLQHGSXUVXDQWWR
3DUDJUDSKV $ DQG % &RQWUDFWRU ZLOO HVWDEOLVK DQG PDLQWDLQ UHFRUGV WKHUHRI LQ
DFFRUGDQFHZLWKJHQHUDOO\DFFHSWHGDFFRXQWLQJSUDFWLFHVDQGVXEPLWLQDIRUPDFFHSWDEOHWR&LW\
DQLWHPL]HGFRVWEUHDNGRZQWRJHWKHUZLWKVXSSRUWLQJGDWD
$OORZDQFHV
$6SHFLILHG $OORZDQFH,WLVXQGHUVWRRGWKDW&RQWUDFWRUKDVLQFOXGHGLQWKH&RQWUDFW3ULFH DOO
DOORZDQFHVVRQDPHGLQWKH&RQWUDFW'RFXPHQWVDQGVKDOOFDXVHWKH:RUNVRFRYHUHGWREH
SHUIRUPHGIRUVXFKVXPVDQGE\VXFKSHUVRQVRUHQWLWLHVDVPD\EHDFFHSWDEOHWR&LW\
%&DVK$OORZDQFHV
&RQWUDFWRUDJUHHVWKDW
DWKHFDVKDOORZDQFHVLQFOXGHWKHFRVWWR&RQWUDFWRUOHVVDQ\DSSOLFDEOHWUDGHGLVFRXQWV
RIPDWHULDOVDQGHTXLSPHQWUHTXLUHGE\WKHDOORZDQFHVWREHGHOLYHUHGDWWKH6LWHDQGDOO
DSSOLFDEOHWD[HVDQG
E&RQWUDFWRU¶VFRVWVIRUXQORDGLQJDQGKDQGOLQJRQWKH6LWHODERULQVWDOODWLRQRYHUKHDG
SURILWDQGRWKHUH[SHQVHVFRQWHPSODWHGIRUWKHFDVKDOORZDQFHVKDYHEHHQLQFOXGHGLQ
WKHDOORZDQFHVDQGQRGHPDQGIRUDGGLWLRQDOSD\PHQWRQDFFRXQWRIDQ\RIWKH
IRUHJRLQJZLOOEHYDOLG
&&RQWLQJHQF\$OORZDQFH&RQWUDFWRUDJUHHVWKDWDFRQWLQJHQF\DOORZDQFHLIDQ\LVIRUWKHVROH
XVHRI&LW\
'3ULRUWRILQDOSD\PHQWDQDSSURSULDWH&KDQJH2UGHUZLOOEHLVVXHGWRUHIOHFWDFWXDODPRXQWVGXH
&RQWUDFWRU RQ DFFRXQW RI :RUN FRYHUHG E\ DOORZDQFHV DQG WKH &RQWUDFW 3ULFH VKDOO EH
FRUUHVSRQGLQJO\DGMXVWHG
8QLW3ULFH:RUN
$:KHUHWKH&RQWUDFW'RFXPHQWVSURYLGHWKDWDOORUSDUWRIWKH:RUNLVWREH8QLW3ULFH:RUN
LQLWLDOO\WKH&RQWUDFW3ULFHZLOOEHGHHPHGWRLQFOXGHIRUDOO8QLW3ULFH:RUNDQDPRXQWHTXDOWR
WKH VXP RI WKH XQLW SULFH IRU HDFK VHSDUDWHO\ LGHQWLILHG LWHP RI 8QLW 3ULFH :RUN WLPHV WKH
HVWLPDWHGTXDQWLW\RIHDFKLWHPDVLQGLFDWHGLQWKH$JUHHPHQW
%7KHHVWLPDWHGTXDQWLWLHVRILWHPVRI8QLW3ULFH:RUNDUHQRWJXDUDQWHHGDQGDUHVROHO\IRUWKH
SXUSRVHRIFRPSDULVRQRI%LGVDQGGHWHUPLQLQJDQLQLWLDO&RQWUDFW3ULFH'HWHUPLQDWLRQVRIWKH
DFWXDOTXDQWLWLHVDQGFODVVLILFDWLRQVRI8QLW3ULFH:RUNSHUIRUPHGE\&RQWUDFWRUZLOOEHPDGHE\
DocuSign Envelope ID: AE73A2C9-2DA1-4E69-954D-5B1574F66708
*(1(5$/&21',7,216
3DJHRI
&,7<2)'(1721
67$1'$5'&216758&7,2163(&,),&$7,21'2&80(176
5HYLVHG6HSWHPEHU
&LW\VXEMHFWWRWKHSURYLVLRQVRI3DUDJUDSK
&(DFKXQLWSULFHZLOOEHGHHPHGWRLQFOXGHDQDPRXQWFRQVLGHUHGE\&RQWUDFWRUWREHDGHTXDWHWR
FRYHU&RQWUDFWRU¶VRYHUKHDGDQGSURILWIRUHDFKVHSDUDWHO\LGHQWLILHGLWHP:RUNGHVFULEHGLQWKH
&RQWUDFW'RFXPHQWVRUUHDVRQDEO\LQIHUUHGDVUHTXLUHGIRUDIXQFWLRQDOO\FRPSOHWHLQVWDOODWLRQ
EXWQRWLGHQWLILHGLQWKHOLVWLQJRIXQLWSULFHLWHPVVKDOOEHFRQVLGHUHGLQFLGHQWDOWRXQLWSULFH
ZRUNOLVWHGDQGWKHFRVWRILQFLGHQWDOZRUNLQFOXGHGDVSDUWRIWKHXQLWSULFH
'&LW\PD\PDNHDQDGMXVWPHQWLQWKH&RQWUDFW3ULFHLQDFFRUGDQFHZLWK3DUDJUDSKLI
WKHTXDQWLW\RIDQ\LWHPRI8QLW3ULFH:RUNSHUIRUPHGE\&RQWUDFWRUGLIIHUVPDWHULDOO\DQG
VLJQLILFDQWO\IURPWKHHVWLPDWHGTXDQWLW\RIVXFKLWHPLQGLFDWHGLQWKH$JUHHPHQWDQG
WKHUHLVQRFRUUHVSRQGLQJDGMXVWPHQWZLWKUHVSHFWWRDQ\RWKHULWHPRI:RUN
(,QFUHDVHGRU'HFUHDVHG4XDQWLWLHV7KH&LW\UHVHUYHVWKHULJKWWRRUGHU([WUD:RUNLQ
DFFRUGDQFHZLWK3DUDJUDSK
,IWKHFKDQJHVLQTXDQWLWLHVRUWKHDOWHUDWLRQVGRQRWVLJQLILFDQWO\FKDQJHWKHFKDUDFWHURI
ZRUNXQGHUWKH&RQWUDFW'RFXPHQWVWKHDOWHUHGZRUNZLOOEHSDLGIRUDWWKH&RQWUDFWXQLW
SULFH
,IWKHFKDQJHVLQTXDQWLWLHVRUDOWHUDWLRQVVLJQLILFDQWO\FKDQJHWKHFKDUDFWHURIZRUNWKH
&RQWUDFWZLOOEHDPHQGHGE\D&KDQJH2UGHU
,IQRXQLWSULFHVH[LVWWKLVZLOOEHFRQVLGHUHG([WUD:RUNDQGWKH&RQWUDFWZLOOEHDPHQGHG
E\D&KDQJH2UGHULQDFFRUGDQFHZLWK$UWLFOH
$VLJQLILFDQWFKDQJHLQWKHFKDUDFWHURIZRUNRFFXUVZKHQ
DWKHFKDUDFWHURIZRUNIRUDQ\,WHPDVDOWHUHGGLIIHUVPDWHULDOO\LQNLQGRUQDWXUHIURPWKDW
LQWKH&RQWUDFWRU
ED0DMRU,WHPRIZRUNYDULHVE\PRUHWKDQIURPWKHRULJLQDO&RQWUDFWTXDQWLW\
:KHQWKHTXDQWLW\RIZRUNWREHGRQHXQGHUDQ\0DMRU,WHPRIWKH&RQWUDFWLVPRUHWKDQ
RIWKHRULJLQDOTXDQWLW\VWDWHGLQWKH&RQWUDFWWKHQHLWKHUSDUW\WRWKH&RQWUDFWPD\
UHTXHVWDQDGMXVWPHQWWRWKHXQLWSULFHRQWKHSRUWLRQRIWKHZRUNWKDWLVDERYH
:KHQWKHTXDQWLW\RIZRUNWREHGRQHXQGHUDQ\0DMRU,WHPRIWKH&RQWUDFWLVOHVVWKDQ
RIWKHRULJLQDOTXDQWLW\VWDWHGLQWKH&RQWUDFWWKHQHLWKHUSDUW\WRWKH&RQWUDFWPD\UHTXHVW
DQDGMXVWPHQWWRWKHXQLWSULFH
DocuSign Envelope ID: AE73A2C9-2DA1-4E69-954D-5B1574F66708
*(1(5$/&21',7,216
3DJHRI
&,7<2)'(1721
67$1'$5'&216758&7,2163(&,),&$7,21'2&80(176
5HYLVHG6HSWHPEHU
3ODQV4XDQWLW\0HDVXUHPHQWIRU8QFODVVLILHG([FDYDWLRQRU(PEDQNPHQW
$3ODQVTXDQWLWLHVPD\RUPD\QRWUHSUHVHQWWKHH[DFWTXDQWLW\RIZRUNSHUIRUPHGRUPDWHULDO
PRYHGKDQGOHGRUSODFHGGXULQJWKHH[HFXWLRQRIWKH&RQWUDFW7KHHVWLPDWHGELGTXDQWLWLHVDUH
GHVLJQDWHGDVILQDOSD\PHQWTXDQWLWLHVXQOHVVUHYLVHGE\WKHJRYHUQLQJ6HFWLRQRUWKLV$UWLFOH
%,IWKHTXDQWLW\PHDVXUHGDVRXWOLQHGXQGHU³3ULFHDQG3D\PHQW3URFHGXUHV´YDULHVE\PRUHWKDQ
RUDVVWLSXODWHGXQGHU³3ULFHDQG3D\PHQW3URFHGXUHV´IRUVSHFLILF,WHPVIURPWKHWRWDO
HVWLPDWHG TXDQWLW\ IRU DQ LQGLYLGXDO ,WHP RULJLQDOO\ VKRZQ LQ WKH &RQWUDFW 'RFXPHQWV DQ
DGMXVWPHQWPD\EHPDGHWRWKHTXDQWLW\RIDXWKRUL]HGZRUNGRQHIRUSD\PHQWSXUSRVHV7KH
SDUW\WRWKH&RQWUDFWUHTXHVWLQJWKHDGMXVWPHQWZLOOSURYLGHILHOGPHDVXUHPHQWVDQGFDOFXODWLRQV
VKRZLQJWKHILQDOTXDQWLW\IRUZKLFKSD\PHQWZLOOEHPDGH3D\PHQWIRUUHYLVHGTXDQWLW\ZLOOEH
PDGHDWWKHXQLWSULFHELGIRUWKDW,WHPH[FHSWDVSURYLGHGIRULQ$UWLFOH
&:KHQTXDQWLWLHVDUHUHYLVHGE\DFKDQJHLQGHVLJQDSSURYHGE\WKH&LW\E\&KDQJH2UGHURUWR
FRUUHFW DQHUURU RUWRFRUUHFW DQ HUURURQWKHSODQVWKHSODQVTXDQWLW\ZLOOEHLQFUHDVHGRU
GHFUHDVHGE\WKHDPRXQWLQYROYHGLQWKHFKDQJHDQGWKHYDULDQFHZLOODSSO\WRWKHQHZ
SODQVTXDQWLW\
',IWKHWRWDO&RQWUDFWTXDQWLW\PXOWLSOLHGE\WKHXQLWSULFHELGIRUDQLQGLYLGXDO,WHPLVOHVVWKDQ
DQGWKH,WHPLVQRWRULJLQDOO\DSODQVTXDQWLW\,WHPWKHQWKH,WHPPD\EHSDLGDVDSODQV
TXDQWLW\,WHPLIWKH&LW\DQG&RQWUDFWRUDJUHHLQZULWLQJWRIL[WKHILQDOTXDQWLW\DVDSODQV
TXDQWLW\
()RUFDOORXWZRUNRUQRQVLWHVSHFLILF&RQWUDFWVWKHSODQVTXDQWLW\PHDVXUHPHQWUHTXLUHPHQWVDUH
QRWDSSOLFDEOH
$57,&/(±&+$1*(2)&2175$&735,&(&+$1*(2)&2175$&77,0(
&KDQJHRI&RQWUDFW3ULFH
$7KH&RQWUDFW3ULFHPD\RQO\EHFKDQJHGE\D&KDQJH2UGHU
%7KHYDOXHRIDQ\:RUNFRYHUHGE\D&KDQJH2UGHUZLOOEHGHWHUPLQHGDVIROORZV
ZKHUHWKH:RUNLQYROYHGLVFRYHUHGE\XQLWSULFHVFRQWDLQHGLQWKH&RQWUDFW'RFXPHQWVE\
DSSOLFDWLRQ RI VXFK XQLW SULFHV WR WKH TXDQWLWLHV RI WKH LWHPVLQYROYHG VXEMHFW WR WKH
SURYLVLRQVRI3DUDJUDSKRU
ZKHUHWKH:RUNLQYROYHGLVQRWFRYHUHGE\XQLWSULFHVFRQWDLQHGLQWKH&RQWUDFW'RFXPHQWV
E\DPXWXDOO\DJUHHGOXPSVXPRUXQLWSULFHZKLFKPD\LQFOXGHDQDOORZDQFHIRURYHUKHDG
DQGSURILWQRWQHFHVVDULO\LQDFFRUGDQFHZLWK3DUDJUDSK&DQGVKDOOLQFOXGHWKHFRVW
RIDQ\VHFRQGDU\LPSDFWVWKDWDUHIRUHVHHDEOHDWWKHWLPHRISULFLQJWKHFRVWRI([WUD:RUN
RU
ZKHUHWKH:RUNLQYROYHGLVQRWFRYHUHGE\XQLWSULFHVFRQWDLQHGLQWKH&RQWUDFW'RFXPHQWV
DocuSign Envelope ID: AE73A2C9-2DA1-4E69-954D-5B1574F66708
*(1(5$/&21',7,216
3DJHRI
&,7<2)'(1721
67$1'$5'&216758&7,2163(&,),&$7,21'2&80(176
5HYLVHG6HSWHPEHU
DQGDJUHHPHQWWRDOXPSVXPRUXQLWSULFHLVQRWUHDFKHGXQGHU3DUDJUDSK%RQWKH
EDVLV RI WKH &RVW RI WKH :RUN GHWHUPLQHG DV SURYLGHG LQ 3DUDJUDSK SOXV D
&RQWUDFWRU¶VIHHIRURYHUKHDGDQGSURILWGHWHUPLQHGDVSURYLGHGLQ3DUDJUDSK&
&&RQWUDFWRU¶V)HH7KH&RQWUDFWRU¶VDGGLWLRQDOIHHIRURYHUKHDGDQGSURILWVKDOOEHGHWHUPLQHGDV
IROORZV
DPXWXDOO\DFFHSWDEOHIL[HGIHHRU
LIDIL[HGIHHLVQRWDJUHHGXSRQWKHQDIHHEDVHGRQWKHIROORZLQJSHUFHQWDJHVRIWKHYDULRXV
SRUWLRQVRIWKH&RVWRIWKH:RUN
DIRUFRVWVLQFXUUHGXQGHU3DUDJUDSKV$$DQG$WKH
&RQWUDFWRU¶VDGGLWLRQDOIHHVKDOOEHSHUFHQWH[FHSWIRU
UHQWDOIHHVIRU&RQWUDFWRU¶VRZQHTXLSPHQWXVLQJVWDQGDUGUHQWDOUDWHV
ERQGVDQGLQVXUDQFH
EIRUFRVWVLQFXUUHGXQGHU3DUDJUDSK$DQG$WKH&RQWUDFWRU¶VIHHVKDOOEH
ILYHSHUFHQW
ZKHUHRQHRUPRUHWLHUVRIVXEFRQWUDFWVDUHRQWKHEDVLVRI&RVWRIWKH:RUNSOXVDIHH
DQGQRIL[HGIHHLVDJUHHGXSRQWKHLQWHQWRI3DUDJUDSKV&DDQG
&ELVWKDWWKH6XEFRQWUDFWRUZKRDFWXDOO\SHUIRUPVWKH:RUNDWZKDWHYHU
WLHUZLOOEHSDLGDIHHRISHUFHQWRIWKHFRVWVLQFXUUHGE\VXFK6XEFRQWUDFWRUXQGHU
3DUDJUDSKV$DQG$DQGWKDWDQ\KLJKHUWLHU6XEFRQWUDFWRUDQG
&RQWUDFWRUZLOOHDFKEHSDLGDIHHRIILYHSHUFHQWRIWKHDPRXQWSDLGWRWKHQH[W
ORZHUWLHU6XEFRQWUDFWRUKRZHYHULQQRFDVHVKDOOWKHFXPXODWLYHWRWDORIIHHVSDLGEH
LQH[FHVVRI
FQRIHHVKDOOEHSD\DEOHRQWKHEDVLVRIFRVWVLWHPL]HGXQGHU3DUDJUDSKV$DQG
%
GWKHDPRXQWRIFUHGLWWREHDOORZHGE\&RQWUDFWRUWR&LW\IRUDQ\FKDQJHZKLFKUHVXOWVLQ
D QHW GHFUHDVH LQ FRVW ZLOO EH WKH DPRXQW RI WKH DFWXDO QHW GHFUHDVH LQ FRVW SOXV D
GHGXFWLRQ LQ &RQWUDFWRU¶V IHH E\ DQ DPRXQW HTXDO WR ILYH SHUFHQWRIVXFKQHW
GHFUHDVH
&KDQJHRI&RQWUDFW7LPH
$7KH&RQWUDFW7LPHPD\RQO\EHFKDQJHGE\D&KDQJH2UGHU
%1RH[WHQVLRQRIWKH&RQWUDFW7LPHZLOOEHDOORZHGIRU([WUD:RUNRUIRUFODLPHGGHOD\XQOHVV
WKH([WUD:RUNFRQWHPSODWHGRUFODLPHGGHOD\LVVKRZQWREHRQWKHFULWLFDOSDWKRIWKH3URMHFW
6FKHGXOH RU &RQWUDFWRU FDQ VKRZ E\ &ULWLFDO 3DWK 0HWKRG DQDO\VLV KRZ WKH ([WUD :RUN RU
FODLPHGGHOD\DGYHUVHO\DIIHFWVWKHFULWLFDOSDWK
DocuSign Envelope ID: AE73A2C9-2DA1-4E69-954D-5B1574F66708
*(1(5$/&21',7,216
3DJHRI
&,7<2)'(1721
67$1'$5'&216758&7,2163(&,),&$7,21'2&80(176
5HYLVHG6HSWHPEHU
'HOD\V
$:KHUH&RQWUDFWRULVUHDVRQDEO\GHOD\HGLQWKHSHUIRUPDQFHRUFRPSOHWLRQRIDQ\SDUWRIWKH
:RUNZLWKLQWKH&RQWUDFW7LPHGXHWRGHOD\EH\RQGWKHFRQWURORI&RQWUDFWRUWKH&RQWUDFW7LPH
PD\EHH[WHQGHGLQDQDPRXQWHTXDOWRWKHWLPHORVWGXHWRVXFKGHOD\LID&RQWUDFW&ODLPLV
PDGHWKHUHIRU'HOD\VEH\RQGWKHFRQWURORI&RQWUDFWRUVKDOOLQFOXGHEXWQRWEHOLPLWHGWRDFWV
RUQHJOHFWE\&LW\DFWVRUQHJOHFWRIXWLOLW\RZQHUVRURWKHUFRQWUDFWRUVSHUIRUPLQJRWKHUZRUNDV
FRQWHPSODWHGE\$UWLFOHILUHVIORRGVHSLGHPLFVDEQRUPDOZHDWKHUFRQGLWLRQVRUDFWVRI*RG
6XFKDQDGMXVWPHQWVKDOOEH&RQWUDFWRU¶VVROHDQGH[FOXVLYHUHPHG\IRUWKHGHOD\VGHVFULEHGLQ
WKLV3DUDJUDSK
%,I&RQWUDFWRULVGHOD\HG&LW\VKDOOQRWEHOLDEOHWR&RQWUDFWRUIRUDQ\FODLPVFRVWVORVVHVRU
GDPDJHVLQFOXGLQJEXWQRWOLPLWHGWRDOOIHHVDQGFKDUJHVRIHQJLQHHUVDUFKLWHFWVDWWRUQH\VDQG
RWKHUSURIHVVLRQDOVDQGDOOFRXUWRUDUELWUDWLRQRURWKHUGLVSXWHUHVROXWLRQFRVWVVXVWDLQHGE\
&RQWUDFWRURQRULQFRQQHFWLRQZLWKDQ\RWKHUSURMHFWRUDQWLFLSDWHGSURMHFW
&&RQWUDFWRUVKDOOQRWEHHQWLWOHGWRDQDGMXVWPHQWLQ&RQWUDFW3ULFHRU&RQWUDFW7LPHIRUGHOD\V
ZLWKLQWKHFRQWURORI&RQWUDFWRU'HOD\VDWWULEXWDEOHWRDQGZLWKLQWKHFRQWURORID6XEFRQWUDFWRU
RU6XSSOLHUVKDOOEHGHHPHGWREHGHOD\VZLWKLQWKHFRQWURORI&RQWUDFWRU
'7KH&RQWUDFWRUVKDOOUHFHLYHQRFRPSHQVDWLRQIRUGHOD\VRUKLQGUDQFHVWRWKH:RUNH[FHSWZKHQ
GLUHFWDQGXQDYRLGDEOHH[WUDFRVWWRWKH&RQWUDFWRULVFDXVHGE\WKHIDLOXUHRIWKH&LW\WRSURYLGH
LQIRUPDWLRQRUPDWHULDOLIDQ\ZKLFKLVWREHIXUQLVKHGE\WKH&LW\
$57,&/(±7(676$1',163(&7,216&255(&7,215(029$/25$&&(37$1&(2)
'()(&7,9(:25.
1RWLFHRI'HIHFWV
1RWLFH RI DOO GHIHFWLYH :RUN RI ZKLFK &LW\ KDV DFWXDO NQRZOHGJH ZLOO EH JLYHQ WR &RQWUDFWRU
'HIHFWLYH:RUNPD\EHUHMHFWHGFRUUHFWHGRUDFFHSWHGDVSURYLGHGLQWKLV$UWLFOH
$FFHVVWR:RUN
&LW\LQGHSHQGHQWWHVWLQJODERUDWRULHVDQGJRYHUQPHQWDODJHQFLHVZLWKMXULVGLFWLRQDOLQWHUHVWVZLOO
KDYH DFFHVV WR WKH 6LWH DQG WKH :RUN DW UHDVRQDEOHWLPHV IRU WKHLU REVHUYDWLRQ LQVSHFWLRQ DQG
WHVWLQJ&RQWUDFWRUVKDOOSURYLGHWKHPSURSHUDQGVDIHFRQGLWLRQVIRUVXFKDFFHVVDQGDGYLVHWKHPRI
&RQWUDFWRU¶VVDIHW\SURFHGXUHVDQGSURJUDPVVRWKDWWKH\PD\FRPSO\WKHUHZLWKDVDSSOLFDEOH
7HVWVDQG,QVSHFWLRQV
$&RQWUDFWRUVKDOOJLYH&LW\WLPHO\QRWLFHRIUHDGLQHVVRIWKH:RUNIRUDOOUHTXLUHGLQVSHFWLRQV
WHVWVRUDSSURYDOVDQGVKDOOFRRSHUDWHZLWKLQVSHFWLRQDQGWHVWLQJSHUVRQQHOWRIDFLOLWDWHUHTXLUHG
LQVSHFWLRQVRUWHVWV
%,I&RQWUDFW'RFXPHQWV/DZVRU5HJXODWLRQVRIDQ\SXEOLFERG\KDYLQJMXULVGLFWLRQUHTXLUHDQ\
DocuSign Envelope ID: AE73A2C9-2DA1-4E69-954D-5B1574F66708
*(1(5$/&21',7,216
3DJHRI
&,7<2)'(1721
67$1'$5'&216758&7,2163(&,),&$7,21'2&80(176
5HYLVHG6HSWHPEHU
RIWKH:RUNRUSDUWWKHUHRIWREHLQVSHFWHGWHVWHGRUDSSURYHG&RQWUDFWRUVKDOODVVXPHIXOO
UHVSRQVLELOLW\ IRU DUUDQJLQJ DQG REWDLQLQJ VXFK LQGHSHQGHQW LQVSHFWLRQV WHVWV UHWHVWV RU
DSSURYDOVSD\DOOFRVWVLQFRQQHFWLRQWKHUHZLWKDQGIXUQLVK&LW\WKHUHTXLUHGFHUWLILFDWHVRI
LQVSHFWLRQ RU DSSURYDO H[FHSWLQJ KRZHYHU WKRVH IHHV VSHFLILFDOO\ LGHQWLILHG LQ WKH
6XSSOHPHQWDU\ &RQGLWLRQV RU DQ\ 7H[DV 'HSDUWPHQW RI /LFHQVXUH DQG 5HJXODWLRQ 7'/5
LQVSHFWLRQVZKLFKVKDOOEHSDLGDVGHVFULEHGLQWKH6XSSOHPHQWDU\&RQGLWLRQV
&&RQWUDFWRUVKDOOEHUHVSRQVLEOHIRUDUUDQJLQJDQGREWDLQLQJDQGVKDOOSD\DOOFRVWVLQFRQQHFWLRQ
ZLWKDQ\LQVSHFWLRQVWHVWVUHWHVWVRUDSSURYDOVUHTXLUHGIRU&LW\¶VDFFHSWDQFHRIPDWHULDOVRU
HTXLSPHQWWREHLQFRUSRUDWHGLQWKH:RUNRUDFFHSWDQFHRIPDWHULDOVPL[GHVLJQVRUHTXLSPHQW
VXEPLWWHGIRUDSSURYDOSULRUWR&RQWUDFWRU¶VSXUFKDVHWKHUHRIIRULQFRUSRUDWLRQLQWKH:RUN
6XFKLQVSHFWLRQVWHVWVUHWHVWVRUDSSURYDOVVKDOOEHSHUIRUPHGE\RUJDQL]DWLRQVDFFHSWDEOHWR
&LW\
'&LW\PD\DUUDQJHIRUWKHVHUYLFHVRIDQLQGHSHQGHQWWHVWLQJODERUDWRU\ ³7HVWLQJ /DE´ WR
SHUIRUPDQ\LQVSHFWLRQVRUWHVWV³7HVWLQJ´IRUDQ\SDUWRIWKH:RUNDVGHWHUPLQHGVROHO\E\
&LW\
&LW\ZLOOFRRUGLQDWHVXFK7HVWLQJWRWKHH[WHQWSRVVLEOHZLWK&RQWUDFWRU
6KRXOGDQ\7HVWLQJXQGHUWKLV6HFWLRQ'UHVXOWLQD³IDLO´³GLGQRWSDVV´RURWKHU
VLPLODUQHJDWLYHUHVXOWWKH&RQWUDFWRUVKDOOEHUHVSRQVLEOHIRUSD\LQJIRUDQ\DQGDOOUHWHVWV
&RQWUDFWRU¶VFDQFHOODWLRQZLWKRXWFDXVHRI&LW\LQLWLDWHG7HVWLQJVKDOOEHGHHPHGDQHJDWLYH
UHVXOWDQGUHTXLUHDUHWHVW
$Q\DPRXQWVRZHGIRUDQ\UHWHVWXQGHUWKLV6HFWLRQ'VKDOOEHSDLGGLUHFWO\WRWKH
7HVWLQJ/DEE\&RQWUDFWRU &LW\ZLOOIRUZDUGDOOLQYRLFHVIRUUHWHVWVWR&RQWUDFWRU
,I&RQWUDFWRUIDLOVWRSD\WKH7HVWLQJ/DE&LW\ZLOOQRWLVVXH)LQDO3D\PHQWXQWLOWKH7HVWLQJ
/DELVSDLG
(,IDQ\:RUNRUWKHZRUNRIRWKHUVWKDWLVWREHLQVSHFWHGWHVWHGRUDSSURYHGLVFRYHUHGE\
&RQWUDFWRUZLWKRXWZULWWHQFRQFXUUHQFHRI&LW\&RQWUDFWRUVKDOOLIUHTXHVWHGE\&LW\XQFRYHU
VXFK:RUNIRUREVHUYDWLRQ
)8QFRYHULQJ:RUNDVSURYLGHGLQ3DUDJUDSK(VKDOOEHDW&RQWUDFWRU¶VH[SHQVH
*&RQWUDFWRUVKDOOKDYHWKHULJKWWRPDNHD&RQWUDFW&ODLPUHJDUGLQJDQ\UHWHVWRULQYRLFHLVVXHG
XQGHU6HFWLRQ'
DocuSign Envelope ID: AE73A2C9-2DA1-4E69-954D-5B1574F66708
*(1(5$/&21',7,216
3DJHRI
&,7<2)'(1721
67$1'$5'&216758&7,2163(&,),&$7,21'2&80(176
5HYLVHG6HSWHPEHU
8QFRYHULQJ:RUN
$,IDQ\:RUNLVFRYHUHGFRQWUDU\WRWKH&RQWUDFW'RFXPHQWVRUVSHFLILFLQVWUXFWLRQVE\WKH&LW\LW
PXVWLIUHTXHVWHGE\&LW\EHXQFRYHUHGIRU&LW\¶VREVHUYDWLRQDQGUHSODFHGDW&RQWUDFWRU¶V
H[SHQVH
%,I&LW\FRQVLGHUVLWQHFHVVDU\RUDGYLVDEOHWKDWFRYHUHG:RUNEHREVHUYHGE\&LW\RULQVSHFWHGRU
WHVWHGE\RWKHUV&RQWUDFWRUDW&LW\¶VUHTXHVWVKDOOXQFRYHUH[SRVHRURWKHUZLVHPDNHDYDLODEOH
IRUREVHUYDWLRQLQVSHFWLRQRUWHVWLQJDV&LW\PD\UHTXLUHWKDWSRUWLRQRIWKH:RUNLQTXHVWLRQ
IXUQLVKLQJDOOQHFHVVDU\ODERUPDWHULDODQGHTXLSPHQW
,ILWLVIRXQGWKDWWKHXQFRYHUHG:RUNLVGHIHFWLYH&RQWUDFWRUVKDOOSD\DOOFODLPVFRVWV
ORVVHVDQGGDPDJHVLQFOXGLQJEXWQRWOLPLWHGWRDOOIHHVDQGFKDUJHVRIHQJLQHHUVDUFKLWHFWV
DWWRUQH\VDQGRWKHUSURIHVVLRQDOVDQGDOOFRXUWRURWKHUGLVSXWHUHVROXWLRQFRVWVDULVLQJRXW
RI RU UHODWLQJ WR VXFK XQFRYHULQJ H[SRVXUH REVHUYDWLRQ LQVSHFWLRQ DQG WHVWLQJ DQG RI
VDWLVIDFWRU\UHSODFHPHQWRUUHFRQVWUXFWLRQLQFOXGLQJEXWQRWOLPLWHGWRDOOFRVWVRIUHSDLURU
UHSODFHPHQW RI ZRUN RI RWKHUV RU &LW\ VKDOO EH HQWLWOHG WR DFFHSW GHIHFWLYH :RUN LQ
DFFRUGDQFHZLWK3DUDJUDSKLQZKLFKFDVH&RQWUDFWRUVKDOOVWLOOEHUHVSRQVLEOHIRUDOO
FRVWVDVVRFLDWHGZLWKH[SRVLQJREVHUYLQJDQGWHVWLQJWKHGHIHFWLYH:RUN
,I WKH XQFRYHUHG :RUN LV QRW IRXQG WR EH GHIHFWLYH &RQWUDFWRUVKDOO EH DOORZHG DQ
H[WHQVLRQ RI WKH &RQWUDFW 7LPH GLUHFWO\ DWWULEXWDEOH WR VXFK XQFRYHULQJ H[SRVXUH
REVHUYDWLRQLQVSHFWLRQWHVWLQJUHSODFHPHQWDQGUHFRQVWUXFWLRQ
&LW\0D\6WRSWKH:RUN
,IWKH:RUNLVGHIHFWLYHRU&RQWUDFWRUIDLOVWRVXSSO\VXIILFLHQWVNLOOHGZRUNHUVRUVXLWDEOHPDWHULDOV
RUHTXLSPHQWRUIDLOVWRSHUIRUPWKH:RUNLQVXFKDZD\WKDWWKHFRPSOHWHG:RUNZLOOFRQIRUPWR
WKH&RQWUDFW'RFXPHQWV&LW\PD\RUGHU&RQWUDFWRUWRVWRSWKH:RUNRUDQ\SRUWLRQWKHUHRIXQWLO
WKHFDXVHIRUVXFKRUGHUKDVEHHQHOLPLQDWHGKRZHYHUWKLVULJKWRI&LW\WRVWRSWKH:RUNVKDOOQRW
JLYHULVHWRDQ\GXW\RQWKHSDUWRI&LW\WRH[HUFLVHWKLVULJKWIRUWKHEHQHILWRI&RQWUDFWRUDQ\
6XEFRQWUDFWRUDQ\6XSSOLHUDQ\RWKHULQGLYLGXDORUHQWLW\RUDQ\VXUHW\IRURUHPSOR\HHRUDJHQWRI
DQ\RIWKHP
&RUUHFWLRQRU5HPRYDORI'HIHFWLYH:RUN
$3URPSWO\DIWHUUHFHLSWRIZULWWHQQRWLFH&RQWUDFWRUVKDOOFRUUHFWDOOGHIHFWLYH:RUNSXUVXDQWWR
DQDFFHSWDEOHVFKHGXOHZKHWKHURUQRWIDEULFDWHGLQVWDOOHGRUFRPSOHWHGRULIWKH:RUNKDV
EHHQUHMHFWHGE\&LW\UHPRYHLWIURPWKH3URMHFWDQGUHSODFHLWZLWK:RUNWKDWLVQRWGHIHFWLYH
&RQWUDFWRUVKDOOSD\DOOFODLPVFRVWVDGGLWLRQDOWHVWLQJORVVHVDQGGDPDJHVLQFOXGLQJEXWQRW
OLPLWHGWRDOOIHHVDQGFKDUJHVRIHQJLQHHUVDUFKLWHFWVDWWRUQH\VDQGRWKHUSURIHVVLRQDOVDQGDOO
FRXUWRUDUELWUDWLRQRURWKHUGLVSXWHUHVROXWLRQFRVWVDULVLQJRXWRIRUUHODWLQJWRVXFKFRUUHFWLRQ
RUUHPRYDOLQFOXGLQJEXWQRWOLPLWHGWRDOOFRVWVRIUHSDLURUUHSODFHPHQWRIZRUNRIRWKHUV
)DLOXUHWRUHTXLUHWKHUHPRYDORIDQ\GHIHFWLYH:RUNVKDOOQRWFRQVWLWXWHDFFHSWDQFHRIVXFK
:RUN
DocuSign Envelope ID: AE73A2C9-2DA1-4E69-954D-5B1574F66708
*(1(5$/&21',7,216
3DJHRI
&,7<2)'(1721
67$1'$5'&216758&7,2163(&,),&$7,21'2&80(176
5HYLVHG6HSWHPEHU
%:KHQFRUUHFWLQJGHIHFWLYH:RUNXQGHUWKHWHUPVRIWKLV3DUDJUDSKRU3DUDJUDSK
&RQWUDFWRUVKDOOWDNHQRDFWLRQWKDWZRXOGYRLGRURWKHUZLVHLPSDLU&LW\¶VVSHFLDOZDUUDQW\DQG
JXDUDQWHHLIDQ\RQVDLG:RUN
&RUUHFWLRQ3HULRG
$,IZLWKLQWZR\HDUVDIWHUWKHGDWHRI)LQDO$FFHSWDQFHRUVXFKORQJHUSHULRGRIWLPHDVPD\
EH SUHVFULEHG E\ WKH WHUPV RI DQ\ DSSOLFDEOH VSHFLDO JXDUDQWHHUHTXLUHG E\ WKH &RQWUDFW
'RFXPHQWVDQ\:RUNLVIRXQGWREHGHIHFWLYHRULIWKHUHSDLURIDQ\GDPDJHVWRWKHODQGRU
DUHDVPDGHDYDLODEOHIRU&RQWUDFWRU¶VXVHE\&LW\RUSHUPLWWHGE\/DZVDQG5HJXODWLRQVDV
FRQWHPSODWHGLQ3DUDJUDSK$LVIRXQGWREHGHIHFWLYH&RQWUDFWRUVKDOOSURPSWO\ZLWKRXW
FRVWWR&LW\DQGLQDFFRUGDQFHZLWK&LW\¶VZULWWHQLQVWUXFWLRQV
UHSDLUVXFKGHIHFWLYHODQGRUDUHDVRU
FRUUHFWVXFKGHIHFWLYH:RUNRU
LIWKHGHIHFWLYH:RUNKDVEHHQUHMHFWHGE\&LW\UHPRYHLWIURPWKH3URMHFWDQGUHSODFHLW
ZLWK:RUNWKDWLVQRWGHIHFWLYHDQG
VDWLVIDFWRULO\FRUUHFWRUUHSDLURUUHPRYHDQGUHSODFHDQ\GDPDJHWRRWKHU:RUNWRWKHZRUN
RIRWKHUVRURWKHUODQGRUDUHDVUHVXOWLQJWKHUHIURP
%,I&RQWUDFWRUGRHVQRWSURPSWO\FRPSO\ZLWKWKHWHUPVRI&LW\¶VZULWWHQLQVWUXFWLRQVRULQDQ
HPHUJHQF\ZKHUHGHOD\ZRXOGFDXVHVHULRXVULVNRIORVVRUGDPDJH&LW\PD\KDYHWKHGHIHFWLYH
:RUNFRUUHFWHGRUUHSDLUHGRUPD\KDYHWKHUHMHFWHG:RUNUHPRYHGDQGUHSODFHG$OOFODLPV
FRVWV ORVVHV DQG GDPDJHV LQFOXGLQJ EXW QRW OLPLWHG WR DOO IHHV DQG FKDUJHV RI HQJLQHHUV
DUFKLWHFWV DWWRUQH\V DQG RWKHU SURIHVVLRQDOV DQG DOO FRXUW RU RWKHU GLVSXWH UHVROXWLRQ FRVWV
DULVLQJRXWRIRUUHODWLQJWRVXFKFRUUHFWLRQRUUHSDLURUVXFKUHPRYDODQGUHSODFHPHQWLQFOXGLQJ
EXWQRWOLPLWHGWRDOOFRVWVRIUHSDLURUUHSODFHPHQWRIZRUNRIRWKHUVZLOOEHSDLGE\&RQWUDFWRU
&,QVSHFLDOFLUFXPVWDQFHVZKHUHDSDUWLFXODULWHPRIHTXLSPHQWLVSODFHGLQFRQWLQXRXVVHUYLFH
EHIRUH)LQDO$FFHSWDQFHRIDOOWKH:RUNWKHFRUUHFWLRQSHULRGIRUWKDWLWHPPD\VWDUWWRUXQIURP
DQHDUOLHUGDWHLIVRSURYLGHGLQWKH&RQWUDFW'RFXPHQWV
':KHUHGHIHFWLYH:RUNDQGGDPDJHWRRWKHU:RUNUHVXOWLQJWKHUHIURPKDVEHHQFRUUHFWHGRU
UHPRYHGDQGUHSODFHGXQGHUWKLV3DUDJUDSKWKHFRUUHFWLRQSHULRGKHUHXQGHUZLWKUHVSHFW
WRVXFK:RUNPD\EHUHTXLUHGWREHH[WHQGHGIRUDQDGGLWLRQDOSHULRGRIRQH\HDUDIWHUWKHHQGRI
WKHLQLWLDOFRUUHFWLRQSHULRG&LW\VKDOOSURYLGHGD\VZULWWHQQRWLFHWR&RQWUDFWRUVKRXOGVXFK
DGGLWLRQDOZDUUDQW\FRYHUDJHEHUHTXLUHG&RQWUDFWRUPD\GLVSXWHWKLVUHTXLUHPHQWE\ILOLQJD
&RQWUDFW&ODLPSXUVXDQWWR3DUDJUDSK
(&RQWUDFWRU¶VREOLJDWLRQVXQGHUWKLV3DUDJUDSKDUHLQDGGLWLRQWRDQ\RWKHUREOLJDWLRQRU
ZDUUDQW\7KHSURYLVLRQVRIWKLV3DUDJUDSKVKDOOQRWEHFRQVWUXHGDVDVXEVWLWXWHIRURUD
ZDLYHURIWKHSURYLVLRQVRIDQ\DSSOLFDEOHVWDWXWHRIOLPLWDWLRQRUUHSRVH
DocuSign Envelope ID: AE73A2C9-2DA1-4E69-954D-5B1574F66708
*(1(5$/&21',7,216
3DJHRI
&,7<2)'(1721
67$1'$5'&216758&7,2163(&,),&$7,21'2&80(176
5HYLVHG6HSWHPEHU
$FFHSWDQFHRI'HIHFWLYH:RUN
,ILQVWHDGRIUHTXLULQJFRUUHFWLRQRUUHPRYDODQGUHSODFHPHQWRIGHIHFWLYH:RUN&LW\SUHIHUVWR
DFFHSWLW&LW\PD\GRVR&RQWUDFWRUVKDOOSD\DOOFODLPVFRVWVORVVHVDQGGDPDJHVLQFOXGLQJEXW
QRWOLPLWHGWRDOOIHHVDQGFKDUJHVRIHQJLQHHUVDUFKLWHFWVDWWRUQH\VDQGRWKHUSURIHVVLRQDOVDQGDOO
FRXUWRU RWKHUGLVSXWH UHVROXWLRQ FRVWVDWWULEXWDEOHWR&LW\¶V HYDOXDWLRQ RI DQG GHWHUPLQDWLRQ WR
DFFHSWVXFKGHIHFWLYH:RUNDQGIRUWKHGLPLQLVKHGYDOXHRIWKH:RUNWRWKHH[WHQWQRWRWKHUZLVH
SDLGE\&RQWUDFWRU,IDQ\VXFKDFFHSWDQFHRFFXUVSULRUWR)LQDO$FFHSWDQFHD&KDQJH2UGHUZLOOEH
LVVXHGLQFRUSRUDWLQJWKHQHFHVVDU\UHYLVLRQVLQWKH&RQWUDFW'RFXPHQWVZLWKUHVSHFWWRWKH:RUN
DQG&LW\VKDOOEHHQWLWOHGWRDQDSSURSULDWHGHFUHDVHLQWKH&RQWUDFW3ULFHUHIOHFWLQJWKHGLPLQLVKHG
YDOXHRI:RUNVRDFFHSWHG
&LW\0D\&RUUHFW'HIHFWLYH:RUN
$,I&RQWUDFWRUIDLOVZLWKLQDUHDVRQDEOHWLPHDIWHUZULWWHQQRWLFHIURP&LW\WRFRUUHFWGHIHFWLYH
:RUNRUWRUHPRYHDQGUHSODFHUHMHFWHG:RUNDVUHTXLUHGE\&LW\LQDFFRUGDQFHZLWK3DUDJUDSK
$RULI&RQWUDFWRUIDLOVWRSHUIRUPWKH:RUNLQDFFRUGDQFHZLWKWKH&RQWUDFW'RFXPHQWV
RULI&RQWUDFWRUIDLOVWRFRPSO\ZLWKDQ\RWKHUSURYLVLRQRIWKH&RQWUDFW'RFXPHQWV&LW\PD\
DIWHUVHYHQGD\VZULWWHQQRWLFHWR&RQWUDFWRUFRUUHFWRUUHPHG\DQ\VXFKGHILFLHQF\
%,Q H[HUFLVLQJ WKH ULJKWV DQG UHPHGLHV XQGHU WKLV 3DUDJUDSK &LW\ VKDOO SURFHHG
H[SHGLWLRXVO\ ,Q FRQQHFWLRQ ZLWK VXFK FRUUHFWLYH RU UHPHGLDO DFWLRQ &LW\ PD\ H[FOXGH
&RQWUDFWRUIURPDOORUSDUWRIWKH6LWHWDNHSRVVHVVLRQRIDOORUSDUWRIWKH:RUNDQGVXVSHQG
&RQWUDFWRU¶VVHUYLFHVUHODWHGWKHUHWRDQGLQFRUSRUDWHLQWKH:RUNDOOPDWHULDOVDQGHTXLSPHQW
LQFRUSRUDWHGLQWKH:RUNVWRUHGDWWKH6LWHRUIRUZKLFK&LW\KDVSDLG&RQWUDFWRUEXWZKLFKDUH
VWRUHG HOVHZKHUH &RQWUDFWRU VKDOO DOORZ &LW\ &LW\¶V UHSUHVHQWDWLYHV DJHQWV FRQVXOWDQWV
HPSOR\HHVDQG&LW\¶VRWKHUFRQWUDFWRUVDFFHVVWRWKH6LWHWRHQDEOH&LW\WRH[HUFLVHWKHULJKWV
DQGUHPHGLHVXQGHUWKLV3DUDJUDSK
&$OO FODLPV FRVWV ORVVHV DQG GDPDJHV LQFOXGLQJ EXW QRW OLPLWHG WR DOO IHHV DQG FKDUJHV RI
HQJLQHHUVDUFKLWHFWVDWWRUQH\VDQGRWKHUSURIHVVLRQDOVDQGDOOFRXUWRURWKHUGLVSXWHUHVROXWLRQ
FRVWVLQFXUUHGRUVXVWDLQHGE\&LW\LQH[HUFLVLQJWKHULJKWVDQGUHPHGLHVXQGHUWKLV3DUDJUDSK
ZLOOEHFKDUJHGDJDLQVW&RQWUDFWRUDQGD&KDQJH2UGHUZLOOEHLVVXHGLQFRUSRUDWLQJWKH
QHFHVVDU\ UHYLVLRQV LQ WKH &RQWUDFW 'RFXPHQWV ZLWK UHVSHFW WR WKH :RUNDQG&LW\VKDOO EH
HQWLWOHGWRDQDSSURSULDWHGHFUHDVHLQWKH&RQWUDFW3ULFH
'&RQWUDFWRUVKDOOQRWEHDOORZHGDQH[WHQVLRQRIWKH&RQWUDFW7LPHEHFDXVHRIDQ\GHOD\LQWKH
SHUIRUPDQFHRIWKH:RUNDWWULEXWDEOHWRWKHH[HUFLVHRI&LW\¶VULJKWVDQGUHPHGLHVXQGHUWKLV
3DUDJUDSK
$57,&/(±3$<0(17672&2175$&725$1'&203/(7,21
6FKHGXOHRI9DOXHV
7KH6FKHGXOHRI9DOXHVIRUOXPSVXPFRQWUDFWVHVWDEOLVKHGDVSURYLGHGLQ3DUDJUDSKZLOOVHUYH
DVWKHEDVLVIRUSURJUHVVSD\PHQWVDQGZLOOEHLQFRUSRUDWHGLQWRDIRUPRI$SSOLFDWLRQIRU3D\PHQW
DocuSign Envelope ID: AE73A2C9-2DA1-4E69-954D-5B1574F66708
*(1(5$/&21',7,216
3DJHRI
&,7<2)'(1721
67$1'$5'&216758&7,2163(&,),&$7,21'2&80(176
5HYLVHG6HSWHPEHU
DFFHSWDEOHWR&LW\3URJUHVVSD\PHQWVRQDFFRXQWRI8QLW3ULFH:RUNZLOOEHEDVHGRQWKHQXPEHURI
XQLWVFRPSOHWHG
3URJUHVV3D\PHQWV
$$SSOLFDWLRQVIRU3D\PHQWV
&RQWUDFWRULVUHVSRQVLEOHIRUSURYLGLQJDOOLQIRUPDWLRQDVUHTXLUHGWREHFRPHDYHQGRURIWKH
&LW\
$WOHDVWGD\VEHIRUHWKHGDWHHVWDEOLVKHGLQWKH*HQHUDO5HTXLUHPHQWVIRUHDFKSURJUHVV
SD\PHQW&RQWUDFWRUVKDOOVXEPLWWR&LW\IRUUHYLHZDQ$SSOLFDWLRQIRU3D\PHQWXVLQJWKH
WHPSODWH SURYLGHG E\ WKH &LW\ ILOOHG RXW DQG VLJQHG E\ &RQWUDFWRU FRYHULQJ WKH :RUN
FRPSOHWHG DV RI WKH GDWH RI WKH $SSOLFDWLRQ DQG DFFRPSDQLHG E\VXFK VXSSRUWLQJ
GRFXPHQWDWLRQDVLVUHTXLUHGE\WKH&RQWUDFW'RFXPHQWV
,ISD\PHQWLVUHTXHVWHGRQWKHEDVLVRIPDWHULDOVDQGHTXLSPHQWQRWLQFRUSRUDWHGLQWKH:RUN
EXWGHOLYHUHGDQGVXLWDEO\VWRUHGDWWKH6LWHRUDWDQRWKHUORFDWLRQDJUHHGWRLQZULWLQJWKH
$SSOLFDWLRQ IRU 3D\PHQW VKDOO DOVR EH DFFRPSDQLHG E\ D ELOO RIVDOH LQYRLFH RU RWKHU
GRFXPHQWDWLRQZDUUDQWLQJWKDW&LW\KDVUHFHLYHGWKHPDWHULDOVDQGHTXLSPHQWIUHHDQGFOHDU
RIDOO/LHQVDQGHYLGHQFHWKDWWKHPDWHULDOVDQGHTXLSPHQWDUHFRYHUHG E\ DSSURSULDWH
LQVXUDQFH RU RWKHU DUUDQJHPHQWV WR SURWHFW &LW\¶V LQWHUHVW WKHUHLQ DOO RI ZKLFK PXVW EH
VDWLVIDFWRU\WR&LW\
%HJLQQLQJ ZLWK WKH VHFRQG $SSOLFDWLRQ IRU 3D\PHQW HDFK $SSOLFDWLRQ VKDOO LQFOXGH DQ
DIILGDYLWRI&RQWUDFWRUVWDWLQJWKDWSUHYLRXVSURJUHVVSD\PHQWVUHFHLYHGRQDFFRXQWRIWKH
:RUN KDYH EHHQ DSSOLHG RQ DFFRXQW WR GLVFKDUJH &RQWUDFWRU¶V OHJLWLPDWH REOLJDWLRQV
DVVRFLDWHGZLWKSULRU$SSOLFDWLRQVIRU3D\PHQW
7KH DPRXQW RI UHWDLQDJH ZLWK UHVSHFW WR SURJUHVV SD\PHQWV ZLOOEH DV VWLSXODWHG LQ WKH
&RQWUDFW'RFXPHQWV
%5HYLHZRI$SSOLFDWLRQV
&LW\ ZLOO DIWHU UHFHLSW RI HDFK $SSOLFDWLRQ IRU 3D\PHQW HLWKHU LQGLFDWH LQ ZULWLQJ D
UHFRPPHQGDWLRQRISD\PHQWRUUHWXUQWKH$SSOLFDWLRQWR&RQWUDFWRULQGLFDWLQJUHDVRQVIRU
UHIXVLQJSD\PHQW ,QWKHODWWHU FDVH&RQWUDFWRU PD\PDNHWKHQHFHVVDU\FRUUHFWLRQVDQG
UHVXEPLWWKH$SSOLFDWLRQ
&LW\¶VSURFHVVLQJRIDQ\SD\PHQWUHTXHVWHGLQDQ$SSOLFDWLRQIRU3D\PHQWZLOOEHEDVHGRQ
&LW\¶V REVHUYDWLRQV RI WKH H[HFXWHG :RUN DQG RQ &LW\¶V UHYLHZRI WKH $SSOLFDWLRQ IRU
3D\PHQWDQGWKHDFFRPSDQ\LQJGDWDDQGVFKHGXOHVWKDWWRWKHEHVWRI&LW\¶VNQRZOHGJH
DWKH:RUNKDVSURJUHVVHGWRWKHSRLQWLQGLFDWHG
EWKHTXDOLW\RIWKH:RUNLVJHQHUDOO\LQDFFRUGDQFHZLWKWKH&RQWUDFW'RFXPHQWVVXEMHFW
DocuSign Envelope ID: AE73A2C9-2DA1-4E69-954D-5B1574F66708
*(1(5$/&21',7,216
3DJHRI
&,7<2)'(1721
67$1'$5'&216758&7,2163(&,),&$7,21'2&80(176
5HYLVHG6HSWHPEHU
WRDQHYDOXDWLRQRIWKH:RUNDVDIXQFWLRQLQJZKROHSULRUWRRUXSRQ)LQDO$FFHSWDQFH
WKH UHVXOWV RI DQ\ VXEVHTXHQW WHVWV FDOOHG IRU LQ WKH &RQWUDFW'RFXPHQWV D ILQDO
GHWHUPLQDWLRQRITXDQWLWLHVDQGFODVVLILFDWLRQVIRU:RUNSHUIRUPHGXQGHU3DUDJUDSK
DQGDQ\RWKHUTXDOLILFDWLRQVVWDWHGLQWKHUHFRPPHQGDWLRQ
3URFHVVLQJDQ\VXFKSD\PHQWZLOOQRWWKHUHE\EHGHHPHGWRKDYHUHSUHVHQWHGWKDW
DLQVSHFWLRQVPDGHWRFKHFNWKHTXDOLW\RU WKHTXDQWLW\RI WKH:RUNDVLWKDVEHHQ
SHUIRUPHGKDYHEHHQH[KDXVWLYHH[WHQGHGWRHYHU\DVSHFWRIWKH:RUNLQSURJUHVVRU
LQYROYHG GHWDLOHG LQVSHFWLRQV RI WKH :RUN EH\RQG WKH UHVSRQVLELOLWLHV VSHFLILFDOO\
DVVLJQHGWR&LW\LQWKH&RQWUDFW'RFXPHQWVRU
EWKHUHPD\QRWEHRWKHUPDWWHUVRULVVXHVEHWZHHQWKHSDUWLHVWKDWPLJKWHQWLWOH&RQWUDFWRU
WREHSDLGDGGLWLRQDOO\E\&LW\RUHQWLWOH&LW\WRZLWKKROGSD\PHQWWR&RQWUDFWRURU
F&RQWUDFWRU KDV FRPSOLHG ZLWK /DZV DQG 5HJXODWLRQV DSSOLFDEOH WR &RQWUDFWRU¶V
SHUIRUPDQFHRIWKH:RUN
&LW\PD\UHIXVHWRSURFHVVWKHZKROHRUDQ\SDUWRIDQ\SD\PHQWEHFDXVHRIVXEVHTXHQWO\
GLVFRYHUHGHYLGHQFHRUWKHUHVXOWVRIVXEVHTXHQWLQVSHFWLRQVRUWHVWVDQGUHYLVHRUUHYRNH
DQ\VXFKSD\PHQWSUHYLRXVO\PDGHWRVXFKH[WHQWDVPD\EHQHFHVVDU\WRSURWHFW&LW\IURP
ORVVEHFDXVH
DWKH:RUNLVGHIHFWLYHRUWKHFRPSOHWHG:RUNKDVEHHQGDPDJHGE\WKH&RQWUDFWRURUKLV
VXEFRQWUDFWRUVUHTXLULQJFRUUHFWLRQRUUHSODFHPHQW
EGLVFUHSDQFLHVLQTXDQWLWLHVFRQWDLQHGLQSUHYLRXVDSSOLFDWLRQVIRUSD\PHQW
FWKH&RQWUDFW3ULFHKDVEHHQUHGXFHGE\&KDQJH2UGHUV
G&LW\KDVEHHQUHTXLUHGWRFRUUHFWGHIHFWLYH:RUNRUFRPSOHWH:RUNLQDFFRUGDQFHZLWK
3DUDJUDSKRU
H&LW\KDVDFWXDONQRZOHGJHRIWKHRFFXUUHQFHRIDQ\RIWKHHYHQWVHQXPHUDWHGLQ
3DUDJUDSK$
&5HWDLQDJH
)RUDOOFRQWUDFWVUHWDLQDJHVKDOOEHILYHSHUFHQW
'/LTXLGDWHG'DPDJHV)RUHDFKFDOHQGDUGD\WKDWDQ\ZRUNVKDOOUHPDLQXQFRPSOHWHGDIWHUWKH
WLPHVSHFLILHGLQWKH&RQWUDFW'RFXPHQWVWKHVXPSHUGD\VSHFLILHGLQWKH$JUHHPHQWZLOOEH
GHGXFWHG IURP WKH PRQLHV GXH WKH &RQWUDFWRU QRW DV D SHQDOW\EXW DV OLTXLGDWHG GDPDJHV
VXIIHUHGE\WKH&LW\
(3D\PHQW&RQWUDFWRUZLOOEHSDLGSXUVXDQWWRWKHUHTXLUHPHQWVRIWKLV$UWLFOHDQGSD\PHQW
DocuSign Envelope ID: AE73A2C9-2DA1-4E69-954D-5B1574F66708
*(1(5$/&21',7,216
3DJHRI
&,7<2)'(1721
67$1'$5'&216758&7,2163(&,),&$7,21'2&80(176
5HYLVHG6HSWHPEHU
ZLOOEHFRPHGXHLQDFFRUGDQFHZLWKWKH&RQWUDFW'RFXPHQWV
)5HGXFWLRQLQ3D\PHQW
&LW\PD\UHIXVHWRPDNHSD\PHQWRIWKHDPRXQWUHTXHVWHGEHFDXVH
D&ODLPV KDYH EHHQ PDGH DJDLQVW&LW\ RQ DFFRXQW RI &RQWUDFWRU¶V SHUIRUPDQFH RU
IXUQLVKLQJRIWKH:RUN
E/LHQVKDYHEHHQILOHGLQFRQQHFWLRQZLWKWKH:RUNH[FHSWZKHUH&RQWUDFWRU
KDV GHOLYHUHG D VSHFLILF ERQG VDWLVIDFWRU\ WR &LW\ WR VHFXUH WKH VDWLVIDFWLRQ DQG
GLVFKDUJHRIVXFK/LHQV
FWKHUHDUHRWKHULWHPVHQWLWOLQJ&LW\WRDVHWRIIDJDLQVWWKHDPRXQWUHFRPPHQGHGRU
G&LW\KDVDFWXDONQRZOHGJHRIWKHRFFXUUHQFHRIDQ\RIWKHHYHQWVHQXPHUDWHG
LQ3DUDJUDSKV%DWKURXJK%HRU3DUDJUDSK$
,I &LW\ UHIXVHV WR PDNH SD\PHQW RI WKH DPRXQW UHTXHVWHG &LW\ ZLOO JLYH &RQWUDFWRU
ZULWWHQQRWLFHVWDWLQJWKHUHDVRQVIRUVXFKDFWLRQDQGSD\&RQWUDFWRUDQ\DPRXQWUHPDLQLQJ
DIWHU GHGXFWLRQ RI WKH DPRXQW VRZLWKKHOG &LW\ VKDOO SD\ &RQWUDFWRU WKH DPRXQW VR
ZLWKKHOGRUDQ\DGMXVWPHQWWKHUHWRDJUHHGWRE\&LW\DQG&RQWUDFWRUZKHQ&RQWUDFWRU
UHPHGLHVWKHUHDVRQVIRUVXFKDFWLRQ
DocuSign Envelope ID: AE73A2C9-2DA1-4E69-954D-5B1574F66708
*(1(5$/&21',7,216
3DJHRI
&,7<2)'(1721
67$1'$5'&216758&7,2163(&,),&$7,21'2&80(176
5HYLVHG6HSWHPEHU
&RQWUDFWRU¶V:DUUDQW\RI7LWOH
&RQWUDFWRUZDUUDQWVDQGJXDUDQWHHVWKDWWLWOHWRDOO:RUNPDWHULDOVDQGHTXLSPHQWFRYHUHGE\DQ\
$SSOLFDWLRQIRU3D\PHQWZKHWKHULQFRUSRUDWHGLQWKH3URMHFWRUQRWZLOOSDVVWR&LW\QRODWHUWKDQ
WKHWLPHRISD\PHQWIUHHDQGFOHDURIDOO/LHQV
3DUWLDO8WLOL]DWLRQ
$3ULRUWR)LQDO$FFHSWDQFHRIDOOWKH:RUN&LW\PD\XVHRURFFXS\DQ\VXEVWDQWLDOO\FRPSOHWHG
SDUWRIWKH:RUNZKLFKKDVVSHFLILFDOO\EHHQLGHQWLILHGLQWKH&RQWUDFW'RFXPHQWVRUZKLFK
&LW\GHWHUPLQHVFRQVWLWXWHVDVHSDUDWHO\IXQFWLRQLQJDQGXVDEOHSDUWRIWKH:RUNWKDWFDQEH
XVHG E\ &LW\ IRU LWV LQWHQGHG SXUSRVH ZLWKRXW VLJQLILFDQW LQWHUIHUHQFH ZLWK &RQWUDFWRU¶V
SHUIRUPDQFHRIWKHUHPDLQGHURIWKH:RUN&LW\DWDQ\WLPHPD\QRWLI\&RQWUDFWRULQZULWLQJWR
SHUPLW&LW\WRXVHRURFFXS\DQ\VXFKSDUWRIWKH:RUNZKLFK&LW\GHWHUPLQHVWREHUHDG\IRULWV
LQWHQGHGXVHVXEMHFWWRWKHIROORZLQJFRQGLWLRQV
&RQWUDFWRUDWDQ\WLPHPD\QRWLI\&LW\LQZULWLQJWKDW&RQWUDFWRUFRQVLGHUVDQ\VXFKSDUWRI
WKH:RUNUHDG\IRULWVLQWHQGHGXVH
:LWKLQDUHDVRQDEOHWLPHDIWHUQRWLILFDWLRQDVHQXPHUDWHGLQ3DUDJUDSK$&LW\DQG
&RQWUDFWRU VKDOO PDNH DQ LQVSHFWLRQ RI WKDW SDUW RI WKH :RUN WR GHWHUPLQH LWV VWDWXV RI
FRPSOHWLRQ,I&LW\GRHVQRWFRQVLGHUWKDWSDUWRIWKH:RUNWREHVXEVWDQWLDOO\FRPSOHWH&LW\
ZLOOQRWLI\&RQWUDFWRULQZULWLQJJLYLQJWKHUHDVRQVWKHUHIRU
3DUWLDO8WLOL]DWLRQZLOOQRWFRQVWLWXWH)LQDO$FFHSWDQFHE\&LW\
)LQDO,QVSHFWLRQ
$8SRQZULWWHQQRWLFHIURP&RQWUDFWRUWKDWWKHHQWLUH:RUNLVFRPSOHWHLQDFFRUGDQFHZLWKWKH
&RQWUDFW'RFXPHQWV
&LW\ZLOOSURPSWO\VFKHGXOHD)LQDO,QVSHFWLRQZLWK&RQWUDFWRU
&LW\ZLOOQRWLI\&RQWUDFWRULQZULWLQJRIDOOSDUWLFXODUVLQZKLFKWKLVLQVSHFWLRQUHYHDOVWKDW
WKH:RUNLVLQFRPSOHWHRUGHIHFWLYH&RQWUDFWRUVKDOOLPPHGLDWHO\WDNHVXFKPHDVXUHVDVDUH
QHFHVVDU\WRFRPSOHWHVXFK:RUNRUUHPHG\VXFKGHILFLHQFLHV
%&LW\UHVHUYHVWKHULJKWWRGHQ\UHTXHVWIRU)LQDO,QVSHFWLRQLI&LW\GHWHUPLQHVWKDWWKHHQWLUH:RUN
LVQRWVXIILFLHQWO\FRPSOHWHWRZDUUDQWD)LQDO,QVSHFWLRQ
)LQDO$FFHSWDQFH
8SRQFRPSOHWLRQE\&RQWUDFWRUWR&LW\¶VVDWLVIDFWLRQRIDQ\DGGLWLRQDO:RUNLGHQWLILHGLQWKH)LQDO
,QVSHFWLRQ&LW\ZLOOLVVXHWR&RQWUDFWRUDOHWWHURI)LQDO$FFHSWDQFH
DocuSign Envelope ID: AE73A2C9-2DA1-4E69-954D-5B1574F66708
*(1(5$/&21',7,216
3DJHRI
&,7<2)'(1721
67$1'$5'&216758&7,2163(&,),&$7,21'2&80(176
5HYLVHG6HSWHPEHU
)LQDO3D\PHQW
$$SSOLFDWLRQIRU3D\PHQW
8SRQ)LQDO$FFHSWDQFHDQGLQWKHRSLQLRQRI&LW\&RQWUDFWRUPD\PDNHDQDSSOLFDWLRQIRU
ILQDOSD\PHQWIROORZLQJWKHSURFHGXUHIRUSURJUHVVSD\PHQWVLQDFFRUGDQFHZLWKWKH
&RQWUDFW'RFXPHQWV
7KHILQDO$SSOLFDWLRQIRU3D\PHQWVKDOOEHDFFRPSDQLHGH[FHSWDVSUHYLRXVO\GHOLYHUHGE\
DDOOGRFXPHQWDWLRQFDOOHGIRULQWKH&RQWUDFW'RFXPHQWVLQFOXGLQJEXWQRWOLPLWHGWR
WKHHYLGHQFHRILQVXUDQFHUHTXLUHGE\3DUDJUDSK
EFRQVHQWRIWKHVXUHW\LIDQ\WRILQDOSD\PHQW
FDOLVWRIDOOSHQGLQJRUUHOHDVHG'DPDJH&ODLPVDJDLQVW&LW\WKDW&RQWUDFWRUEHOLHYHV
DUHXQVHWWOHGDQG
GDIILGDYLWV RI SD\PHQWV DQG FRPSOHWH DQG OHJDOO\ HIIHFWLYH UHOHDVHV RU
ZDLYHUV VDWLVIDFWRU\ WR &LW\ RI DOO /LHQ ULJKWV DULVLQJ RXW RI RU /LHQV ILOHG LQ
FRQQHFWLRQZLWKWKH:RUN
%3D\PHQW%HFRPHV'XH
$IWHU &LW\¶V DFFHSWDQFH RI WKH $SSOLFDWLRQ IRU 3D\PHQW DQG DFFRPSDQ\LQJ
GRFXPHQWDWLRQUHTXHVWHGE\&RQWUDFWRUOHVVSUHYLRXVSD\PHQWVPDGHDQGDQ\VXP
&LW\LVHQWLWOHGLQFOXGLQJEXWQRWOLPLWHGWROLTXLGDWHGGDPDJHVZLOOEHFRPHGXHDQG
SD\DEOH
$IWHUDOO'DPDJH&ODLPVKDYHEHHQUHVROYHG
DGLUHFWO\E\WKH&RQWUDFWRURU
E&RQWUDFWRU SURYLGHV HYLGHQFH WKDW WKH 'DPDJH &ODLP KDV EHHQ UHSRUWHG WR
&RQWUDFWRU¶VLQVXUDQFHSURYLGHUIRUUHVROXWLRQ
7KHPDNLQJRIWKHILQDOSD\PHQWE\WKH&LW\VKDOOQRWUHOLHYHWKH&RQWUDFWRURI
DQ\ JXDUDQWHHV RU RWKHU UHTXLUHPHQWV RI WKH &RQWUDFW 'RFXPHQWVZKLFK VSHFLILFDOO\
FRQWLQXHWKHUHDIWHU
)LQDO&RPSOHWLRQ'HOD\HGDQG3DUWLDO5HWDLQDJH5HOHDVH
$,IILQDOFRPSOHWLRQRIWKH:RUNLVVLJQLILFDQWO\GHOD\HGDQGLI&LW\VRFRQILUPV&LW\PD\XSRQ
UHFHLSWRI&RQWUDFWRU¶VILQDO $SSOLFDWLRQ IRU3D\PHQW DQG ZLWKRXWWHUPLQDWLQJWKH&RQWUDFW
PDNHSD\PHQWRIWKHEDODQFHGXHIRUWKDWSRUWLRQRIWKH:RUNIXOO\FRPSOHWHGDQGDFFHSWHG,I
WKHUHPDLQLQJEDODQFHWREHKHOGE\&LW\IRU:RUNQRWIXOO\FRPSOHWHGRUFRUUHFWHGLVOHVVWKDQ
WKHUHWDLQDJHVWLSXODWHGLQ3DUDJUDSK&DQGLIERQGVKDYHEHHQIXUQLVKHGDVUHTXLUHGLQ
3DUDJUDSKWKHZULWWHQFRQVHQWRIWKHVXUHW\WRWKHSD\PHQWRIWKHEDODQFHGXHIRUWKDW
SRUWLRQRIWKH:RUNIXOO\FRPSOHWHGDQGDFFHSWHGVKDOOEHVXEPLWWHGE\&RQWUDFWRUWR&LW\ZLWK
WKH$SSOLFDWLRQIRUVXFKSD\PHQW6XFKSD\PHQWVKDOOEHPDGHXQGHUWKHWHUPVDQGFRQGLWLRQV
DocuSign Envelope ID: AE73A2C9-2DA1-4E69-954D-5B1574F66708
*(1(5$/&21',7,216
3DJHRI
&,7<2)'(1721
67$1'$5'&216758&7,2163(&,),&$7,21'2&80(176
5HYLVHG6HSWHPEHU
JRYHUQLQJILQDOSD\PHQWH[FHSWWKDWLWVKDOOQRWFRQVWLWXWHDZDLYHURI&RQWUDFW&ODLPV
%3DUWLDO5HWDLQDJH5HOHDVH)RUD&RQWUDFWWKDWSURYLGHVIRUDVHSDUDWHYHJHWDWLYHHVWDEOLVKPHQW
DQG PDLQWHQDQFH DQG WHVW DQG SHUIRUPDQFH SHULRGV IROORZLQJ WKH FRPSOHWLRQ RI DOO RWKHU
FRQVWUXFWLRQLQWKH&RQWUDFW'RFXPHQWVIRUDOO:RUNORFDWLRQVWKH&LW\PD\UHOHDVHDSRUWLRQRI
WKHDPRXQWUHWDLQHGSURYLGHGWKDWDOORWKHUZRUNLVFRPSOHWHGDVGHWHUPLQHGE\WKH&LW\%HIRUH
WKHUHOHDVHDOOVXEPLWWDOVDQGILQDOTXDQWLWLHVPXVWEHFRPSOHWHGDQGDFFHSWHGIRUDOORWKHUZRUN
$QDPRXQWVXIILFLHQWWRHQVXUH&RQWUDFWFRPSOLDQFHZLOOEHUHWDLQHG
:DLYHURI&ODLPV
7KHDFFHSWDQFHRIILQDOSD\PHQWZLOOFRQVWLWXWHDUHOHDVHRIWKH&LW\IURPDOOFODLPVRUOLDELOLWLHV
XQGHUWKH&RQWUDFWIRUDQ\WKLQJGRQHRUIXUQLVKHGRUUHODWLQJWRWKHZRUNXQGHUWKH&RQWUDFW
'RFXPHQWVRUDQ\DFWRUQHJOHFWRI&LW\UHODWHGWRRUFRQQHFWHGZLWKWKH&RQWUDFW
$57,&/(±6863(16,212):25.$1'7(50,1$7,21
&LW\0D\6XVSHQG:RUN
$$WDQ\WLPHDQGZLWKRXWFDXVH&LW\PD\VXVSHQGWKH:RUNRUDQ\SRUWLRQWKHUHRIE\ZULWWHQ
QRWLFHWR&RQWUDFWRUDQGZKLFKPD\IL[WKHGDWHRQZKLFK:RUNZLOOEHUHVXPHG&RQWUDFWRU
VKDOOUHVXPHWKH:RUNRQWKHGDWHVRIL[HG'XULQJWHPSRUDU\VXVSHQVLRQRIWKH:RUNFRYHUHG
E\WKHVH&RQWUDFW'RFXPHQWVIRUDQ\UHDVRQWKH&LW\ZLOOPDNHQRH[WUDSD\PHQWIRUVWDQGE\
WLPHRIFRQVWUXFWLRQHTXLSPHQWDQGRUFRQVWUXFWLRQFUHZV
%6KRXOGWKH&RQWUDFWRUQRWEHDEOHWRFRPSOHWHDSRUWLRQRIWKH3URMHFWGXHWRFDXVHVEH\RQGWKH
FRQWURORIDQGZLWKRXWWKHIDXOWRUQHJOLJHQFHRIWKH&RQWUDFWRUDQGVKRXOGLWEHGHWHUPLQHGE\
PXWXDOFRQVHQWRIWKH&RQWUDFWRUDQG&LW\WKDWDVROXWLRQWRDOORZFRQVWUXFWLRQWRSURFHHGLVQRW
DYDLODEOHZLWKLQDUHDVRQDEOHSHULRGRIWLPH&RQWUDFWRUPD\UHTXHVWDQH[WHQVLRQLQ&RQWUDFW
7LPHGLUHFWO\DWWULEXWDEOHWRDQ\VXFKVXVSHQVLRQ
&,ILWVKRXOGEHFRPHQHFHVVDU\WRVXVSHQGWKH:RUNIRUDQLQGHILQLWHSHULRGWKH&RQWUDFWRUVKDOO
VWRUHDOOPDWHULDOVLQVXFKDPDQQHUWKDWWKH\ZLOOQRWREVWUXFWRULPSHGHWKHSXEOLFXQQHFHVVDULO\
QRU EHFRPH GDPDJHG LQ DQ\ ZD\ DQG KH VKDOO WDNHHYHU\SUHFDXWLRQWRSUHYHQWGDPDJHRU
GHWHULRUDWLRQRIWKHZRUNSHUIRUPHGKHVKDOOSURYLGHVXLWDEOHGUDLQDJHDERXWWKHZRUNDQGHUHFW
WHPSRUDU\VWUXFWXUHVZKHUHQHFHVVDU\
'&RQWUDFWRUPD\EHUHLPEXUVHGIRUWKHFRVWRIPRYLQJKLVHTXLSPHQWRIIWKHMREDQGUHWXUQLQJWKH
QHFHVVDU\ HTXLSPHQWWR WKHMREZKHQLWLVGHWHUPLQHGE\WKH&LW\WKDWFRQVWUXFWLRQPD\EH
UHVXPHG6XFKUHLPEXUVHPHQWVKDOOEHEDVHGRQDFWXDOFRVWWRWKH&RQWUDFWRURIPRYLQJWKH
HTXLSPHQWDQGQRSURILWZLOOEHDOORZHG5HLPEXUVHPHQWPD\QRWEHDOORZHGLIWKHHTXLSPHQWLV
PRYHGWRDQRWKHUFRQVWUXFWLRQSURMHFWIRUWKH&LW\
&LW\0D\7HUPLQDWHIRU&DXVH
$7KHRFFXUUHQFHRIDQ\ RQHRUPRUHRIWKHIROORZLQJHYHQWVE\ZD\RIH[DPSOHEXWQRWRI
DocuSign Envelope ID: AE73A2C9-2DA1-4E69-954D-5B1574F66708
*(1(5$/&21',7,216
3DJHRI
&,7<2)'(1721
67$1'$5'&216758&7,2163(&,),&$7,21'2&80(176
5HYLVHG6HSWHPEHU
OLPLWDWLRQPD\MXVWLI\WHUPLQDWLRQIRUFDXVH
&RQWUDFWRU¶V SHUVLVWHQW IDLOXUH WR SHUIRUP WKH :RUN LQ DFFRUGDQFH ZLWK WKH &RQWUDFW
'RFXPHQWV LQFOXGLQJ EXW QRW OLPLWHG WR IDLOXUH WR VXSSO\ VXIILFLHQW VNLOOHG ZRUNHUV RU
VXLWDEOHPDWHULDOVRUHTXLSPHQWIDLOXUHWRDGKHUHWRWKH3URMHFW6FKHGXOHHVWDEOLVKHGXQGHU
3DUDJUDSKDVDGMXVWHGIURPWLPHWRWLPHSXUVXDQWWR3DUDJUDSK
&RQWUDFWRU¶VGLVUHJDUGRI/DZVRU5HJXODWLRQVRIDQ\SXEOLFERG\KDYLQJMXULVGLFWLRQ
&RQWUDFWRU¶VUHSHDWHGGLVUHJDUGRIWKHDXWKRULW\RI&LW\RU
&RQWUDFWRU¶VYLRODWLRQLQDQ\VXEVWDQWLDOZD\RIDQ\SURYLVLRQVRIWKH&RQWUDFW'RFXPHQWV
RU
&RQWUDFWRU¶V IDLOXUH WR SURPSWO\ PDNH JRRG DQ\ GHIHFW LQ PDWHULDOV RU ZRUNPDQVKLS RU
GHIHFWVRIDQ\QDWXUHWKHFRUUHFWLRQRIZKLFKKDVEHHQGLUHFWHGLQZULWLQJE\WKH&LW\RU
6XEVWDQWLDOLQGLFDWLRQWKDWWKH&RQWUDFWRUKDVPDGHDQXQDXWKRUL]HGDVVLJQPHQWRIWKH
&RQWUDFWRUDQ\IXQGVGXHWKHUHIURPIRUWKHEHQHILWRIDQ\FUHGLWRURUIRUDQ\RWKHUSXUSRVH
RU
6XEVWDQWLDO HYLGHQFH WKDW WKH &RQWUDFWRU KDV EHFRPH LQVROYHQW RU EDQNUXSW RU RWKHUZLVH
ILQDQFLDOO\XQDEOHWRFDUU\RQWKH:RUNVDWLVIDFWRULO\RU
&RQWUDFWRUFRPPHQFHVOHJDODFWLRQLQDFRXUWRIFRPSHWHQWMXULVGLFWLRQDJDLQVWWKH&LW\
%,IRQHRUPRUHRIWKHHYHQWVLGHQWLILHGLQ3DUDJUDSK$RFFXU&LW\ZLOOSURYLGHZULWWHQ
QRWLFHWR&RQWUDFWRUDQG6XUHW\WRDUUDQJHDFRQIHUHQFHZLWK&RQWUDFWRUDQG6XUHW\WRDGGUHVV
&RQWUDFWRU
VIDLOXUHWRSHUIRUPWKH:RUN&RQIHUHQFHVKDOOEHKHOGQRWODWHUWKDQGD\VDIWHU
UHFHLSWRIQRWLFH
,IWKH&LW\WKH&RQWUDFWRUDQGWKH6XUHW\GRQRWDJUHHWRDOORZWKH&RQWUDFWRUWRSURFHHGWR
SHUIRUP WKH FRQVWUXFWLRQ &RQWUDFW WKH &LW\ PD\ WR WKH H[WHQWSHUPLWWHGE\/DZVDQG
5HJXODWLRQVGHFODUHD&RQWUDFWRUGHIDXOWDQGIRUPDOO\WHUPLQDWHWKH&RQWUDFWRU
VULJKWWR
FRPSOHWHWKH&RQWUDFW&RQWUDFWRUGHIDXOWVKDOOQRWEHGHFODUHGHDUOLHUWKDQGD\VDIWHUWKH
&RQWUDFWRUDQG6XUHW\KDYHUHFHLYHGQRWLFHRIFRQIHUHQFHWRDGGUHVV&RQWUDFWRU
VIDLOXUHWR
SHUIRUPWKH:RUN
,I&RQWUDFWRU
VVHUYLFHVDUHWHUPLQDWHG6XUHW\VKDOOEHREOLJDWHGWRWDNHRYHUDQGSHUIRUPWKH
:RUN,I6XUHW\GRHVQRWFRPPHQFHSHUIRUPDQFHWKHUHRIZLWKLQFRQVHFXWLYHFDOHQGDU
GD\VDIWHUGDWHRIDQDGGLWLRQDOZULWWHQQRWLFHGHPDQGLQJ6XUHW\
VSHUIRUPDQFHRILWV
REOLJDWLRQVWKHQ&LW\ZLWKRXWSURFHVVRUDFWLRQDWODZPD\WDNHRYHUDQ\SRUWLRQRIWKH
:RUNDQGFRPSOHWHLWDVGHVFULEHGEHORZ
D,I&LW\FRPSOHWHVWKH:RUN&LW\PD\H[FOXGH&RQWUDFWRUDQG6XUHW\IURPWKHVLWHDQG
WDNHSRVVHVVLRQ RI WKH :RUN DQG DOO PDWHULDOV DQGHTXLSPHQW LQFRUSRUDWHG LQWR WKH
DocuSign Envelope ID: AE73A2C9-2DA1-4E69-954D-5B1574F66708
*(1(5$/&21',7,216
3DJHRI
&,7<2)'(1721
67$1'$5'&216758&7,2163(&,),&$7,21'2&80(176
5HYLVHG6HSWHPEHU
:RUNVWRUHGDWWKH6LWHRUIRUZKLFK&LW\KDVSDLG&RQWUDFWRURU6XUHW\EXWZKLFKDUH
VWRUHGHOVHZKHUHDQGILQLVKWKH:RUNDV&LW\PD\GHHPH[SHGLHQW
:KHWKHU&LW\RU6XUHW\FRPSOHWHVWKH:RUN&RQWUDFWRUVKDOOQRWEHHQWLWOHGWRUHFHLYHDQ\
IXUWKHU SD\PHQW XQWLO WKH :RUN LV ILQLVKHG ,I WKH XQSDLG EDODQFH RI WKH &RQWUDFW 3ULFH
H[FHHGVDOOFODLPVFRVWVORVVHVDQGGDPDJHVVXVWDLQHGE\&LW\DULVLQJRXWRIRUUHVXOWLQJ
IURPFRPSOHWLQJWKH:RUNVXFKH[FHVVZLOOEHSDLGWR&RQWUDFWRU,IVXFKFODLPVFRVWV
ORVVHVDQGGDPDJHVH[FHHGVXFKXQSDLGEDODQFH&RQWUDFWRUVKDOOSD\WKHGLIIHUHQFHWR&LW\
6XFKFODLPVFRVWVORVVHVDQGGDPDJHVLQFXUUHGE\&LW\ZLOOEHLQFRUSRUDWHGLQD&KDQJH
2UGHUSURYLGHGWKDWZKHQH[HUFLVLQJDQ\ULJKWVRUUHPHGLHVXQGHUWKLV3DUDJUDSK&LW\VKDOO
QRWEHUHTXLUHGWRREWDLQWKHORZHVWSULFHIRUWKH:RUNSHUIRUPHG
1HLWKHU&LW\QRUDQ\RILWVUHVSHFWLYHFRQVXOWDQWVDJHQWVRIILFHUVGLUHFWRUVRUHPSOR\HHV
VKDOOEHLQDQ\ZD\OLDEOHRUDFFRXQWDEOHWR&RQWUDFWRURU6XUHW\IRUWKHPHWKRGE\ZKLFKWKH
FRPSOHWLRQRIWKHVDLG:RUNRUDQ\SRUWLRQWKHUHRIPD\EHDFFRPSOLVKHGRUIRUWKHSULFH
SDLGWKHUHIRU
&LW\QRWZLWKVWDQGLQJWKHPHWKRGXVHGLQFRPSOHWLQJWKH&RQWUDFWVKDOOQRWIRUIHLWWKHULJKW
WRUHFRYHUGDPDJHVIURP&RQWUDFWRURU6XUHW\IRU&RQWUDFWRU
VIDLOXUHWRWLPHO\FRPSOHWHWKH
HQWLUH&RQWUDFW&RQWUDFWRUVKDOOQRWEHHQWLWOHGWRDQ\FODLPRQDFFRXQWRIWKHPHWKRGXVHG
E\&LW\LQFRPSOHWLQJWKH&RQWUDFW
0DLQWHQDQFHRIWKH:RUNVKDOOFRQWLQXHWREH&RQWUDFWRU
VDQG6XUHW\
VUHVSRQVLELOLWLHVDV
SURYLGHGIRULQWKHERQGUHTXLUHPHQWVRIWKH&RQWUDFW'RFXPHQWVRUDQ\VSHFLDOJXDUDQWHHV
SURYLGHGIRUXQGHUWKH&RQWUDFW'RFXPHQWVRUDQ\RWKHUREOLJDWLRQVRWKHUZLVHSUHVFULEHGE\
ODZ
&1RWZLWKVWDQGLQJ3DUDJUDSKV%&RQWUDFWRU¶VVHUYLFHVZLOOQRWEHWHUPLQDWHGLI&RQWUDFWRU
EHJLQV ZLWKLQ VHYHQ GD\V RI UHFHLSW RI QRWLFH RI LQWHQW WR WHUPLQDWH WR FRUUHFW LWV IDLOXUH WR
SHUIRUPDQGSURFHHGVGLOLJHQWO\WRFXUHVXFKIDLOXUHZLWKLQQRPRUHWKDQGD\VRIUHFHLSWRI
VDLGQRWLFH
':KHUH&RQWUDFWRU¶VVHUYLFHVKDYHEHHQVRWHUPLQDWHGE\&LW\WKHWHUPLQDWLRQZLOOQRWDIIHFWDQ\
ULJKWVRUUHPHGLHVRI&LW\DJDLQVW&RQWUDFWRUWKHQH[LVWLQJRUZKLFKPD\WKHUHDIWHUDFFUXH$Q\
UHWHQWLRQRUSD\PHQWRIPRQH\VGXH&RQWUDFWRUE\&LW\ZLOOQRWUHOHDVH&RQWUDFWRUIURPOLDELOLW\
(,IDQGWRWKHH[WHQWWKDW&RQWUDFWRUKDVSURYLGHGDSHUIRUPDQFHERQGXQGHUWKHSURYLVLRQVRI
3DUDJUDSKWKHWHUPLQDWLRQSURFHGXUHVRIWKDWERQGVKDOOQRWVXSHUVHGHWKHSURYLVLRQVRIWKLV
$UWLFOH
&LW\0D\7HUPLQDWH)RU&RQYHQLHQFH
$&LW\PD\ZLWKRXWFDXVHDQGZLWKRXWSUHMXGLFHWRDQ\RWKHUULJKWRUUHPHG\RI&LW\WHUPLQDWHWKH
&RQWUDFW $Q\ WHUPLQDWLRQ VKDOO EH HIIHFWHG E\ PDLOLQJ D QRWLFH RI WKH WHUPLQDWLRQ WR WKH
DocuSign Envelope ID: AE73A2C9-2DA1-4E69-954D-5B1574F66708
*(1(5$/&21',7,216
3DJHRI
&,7<2)'(1721
67$1'$5'&216758&7,2163(&,),&$7,21'2&80(176
5HYLVHG6HSWHPEHU
&RQWUDFWRUVSHFLI\LQJWKHH[WHQWWRZKLFKSHUIRUPDQFHRI:RUNXQGHUWKHFRQWUDFWLVWHUPLQDWHG
DQGWKHGDWHXSRQ ZKLFKVXFKWHUPLQDWLRQEHFRPHVHIIHFWLYH5HFHLSWRIWKHQRWLFHVKDOOEH
GHHPHGFRQFOXVLYHO\SUHVXPHGDQGHVWDEOLVKHGZKHQWKHOHWWHULVSODFHGLQWKH8QLWHG6WDWHV
3RVWDO6HUYLFH0DLOE\WKH&LW\)XUWKHULWVKDOOEHGHHPHGFRQFOXVLYHO\ SUHVXPHG DQG
HVWDEOLVKHGWKDWVXFKWHUPLQDWLRQLVPDGHZLWKMXVWFDXVHDVWKHUHLQVWDWHGDQGQRSURRILQDQ\
FODLPGHPDQGRUVXLWVKDOOEHUHTXLUHGRIWKH&LW\UHJDUGLQJVXFKGLVFUHWLRQDU\DFWLRQ
%$IWHU UHFHLSW RI D QRWLFH RI WHUPLQDWLRQ DQG H[FHSW DV RWKHUZLVH GLUHFWHG E\ WKH &LW\ WKH
&RQWUDFWRUVKDOO
6WRS ZRUN XQGHU WKH &RQWUDFW RQ WKH GDWH DQG WR WKH H[WHQW VSHFLILHG LQ WKH QRWLFH RI
WHUPLQDWLRQ
SODFHQRIXUWKHURUGHUVRUVXEFRQWUDFWVIRUPDWHULDOVVHUYLFHVRUIDFLOLWLHVH[FHSWDVPD\EH
QHFHVVDU\IRUFRPSOHWLRQRIVXFKSRUWLRQRIWKH:RUNXQGHUWKH&RQWUDFWDVLVQRWWHUPLQDWHG
WHUPLQDWHDOORUGHUVDQGVXEFRQWUDFWVWRWKHH[WHQWWKDWWKH\UHODWHWRWKHSHUIRUPDQFHRIWKH
:RUNWHUPLQDWHGE\QRWLFHRIWHUPLQDWLRQ
WUDQVIHUWLWOHWRWKH&LW\DQGGHOLYHULQWKHPDQQHUDWWKHWLPHVDQGWRWKHH[WHQWLIDQ\
GLUHFWHGE\WKH&LW\
DWKH IDEULFDWHG RU XQIDEULFDWHG SDUWV :RUN LQ SURJUHVV FRPSOHWHG :RUN VXSSOLHV
DQGRWKHUPDWHULDOSURGXFHGDVDSDUWRIRUDFTXLUHGLQFRQQHFWLRQZLWKWKHSHUIRUPDQFH
RIWKH:RUNWHUPLQDWHGE\WKHQRWLFHRIWKHWHUPLQDWLRQDQG
EWKHFRPSOHWHGRUSDUWLDOO\FRPSOHWHGSODQVGUDZLQJVLQIRUPDWLRQDQGRWKHUSURSHUW\
ZKLFKLIWKH&RQWUDFWKDGEHHQFRPSOHWHGZRXOGKDYHEHHQUHTXLUHGWREHIXUQLVKHGWR
WKH&LW\
FRPSOHWHSHUIRUPDQFHRIVXFK:RUNDVVKDOOQRWKDYHEHHQWHUPLQDWHGE\WKHQRWLFHRI
WHUPLQDWLRQDQG
WDNHVXFKDFWLRQDVPD\EHQHFHVVDU\RUDVWKH&LW\PD\GLUHFWIRUWKHSURWHFWLRQDQG
SUHVHUYDWLRQRIWKHSURSHUW\UHODWHGWRLWVFRQWUDFWZKLFKLVLQWKHSRVVHVVLRQRIWKH
&RQWUDFWRUDQGLQZKLFKWKHRZQHUKDVRUPD\DFTXLUHWKHUHVW
&$WDWLPHQRWODWHUWKDQGD\VDIWHUWKHWHUPLQDWLRQGDWHVSHFLILHGLQWKHQRWLFHRIWHUPLQDWLRQ
WKH&RQWUDFWRUPD\VXEPLWWRWKH&LW\DOLVWFHUWLILHGDVWRTXDQWLW\DQGTXDOLW\RIDQ\RUDOO
LWHPVRIWHUPLQDWLRQLQYHQWRU\QRWSUHYLRXVO\GLVSRVHGRIH[FOXVLYHRILWHPVWKHGLVSRVLWLRQRI
ZKLFKKDVEHHQGLUHFWHGRUDXWKRUL]HGE\&LW\
'1RWODWHUWKDQGD\VWKHUHDIWHUWKH&LW\VKDOODFFHSWWLWOHWRVXFKLWHPVSURYLGHGWKDWWKHOLVW
DocuSign Envelope ID: AE73A2C9-2DA1-4E69-954D-5B1574F66708
*(1(5$/&21',7,216
3DJHRI
&,7<2)'(1721
67$1'$5'&216758&7,2163(&,),&$7,21'2&80(176
5HYLVHG6HSWHPEHU
VXEPLWWHGVKDOOEHVXEMHFWWRYHULILFDWLRQE\WKH&LW\XSRQUHPRYDORIWKHLWHPVRULIWKHLWHPV
DUHVWRUHGZLWKLQGD\VIURPWKHGDWHRIVXEPLVVLRQRIWKHOLVWDQGDQ\QHFHVVDU\DGMXVWPHQWV
WRFRUUHFWWKHOLVWDVVXEPLWWHGVKDOOEHPDGHSULRUWRILQDOVHWWOHPHQW
(1RWODWHUWKDQGD\VDIWHUWKHQRWLFHRIWHUPLQDWLRQWKH&RQWUDFWRUVKDOOVXEPLWKLVWHUPLQDWLRQ
FODLP WR WKH &LW\ LQ WKH IRUP DQG ZLWK WKH FHUWLILFDWLRQ SUHVFULEHG E\ WKH &LW\ 8QOHVV DQ
H[WHQVLRQLVPDGHLQZULWLQJZLWKLQVXFKGD\SHULRGE\WKH&RQWUDFWRUDQGJUDQWHGE\WKH
&LW\DQ\DQGDOOVXFKFODLPVVKDOOEHFRQFOXVLYHO\GHHPHGZDLYHG
),QVXFKFDVH&RQWUDFWRUVKDOOEHSDLGIRUZLWKRXWGXSOLFDWLRQRIDQ\LWHPV
FRPSOHWHGDQGDFFHSWDEOH:RUNH[HFXWHGLQDFFRUGDQFHZLWKWKH&RQWUDFW'RFXPHQWVSULRU
WRWKHHIIHFWLYHGDWHRIWHUPLQDWLRQLQFOXGLQJIDLUDQGUHDVRQDEOHVXPVIRURYHUKHDGDQG
SURILWRQVXFK:RUN
H[SHQVHV VXVWDLQHG SULRU WR WKH HIIHFWLYH GDWH RI WHUPLQDWLRQ LQ SHUIRUPLQJ VHUYLFHV DQG
IXUQLVKLQJ ODERU PDWHULDOV RU HTXLSPHQW DV UHTXLUHG E\ WKH &RQWUDFW 'RFXPHQWV LQ
FRQQHFWLRQZLWKXQFRPSOHWHG:RUNSOXVIDLUDQGUHDVRQDEOHVXPVIRURYHUKHDGDQGSURILWRQ
VXFKH[SHQVHVDQG
UHDVRQDEOHH[SHQVHVGLUHFWO\DWWULEXWDEOHWRWHUPLQDWLRQ
*,QWKHHYHQWRIWKHIDLOXUHRIWKH&RQWUDFWRUDQG&LW\WRDJUHHXSRQWKHZKROHDPRXQWWREHSDLG
WRWKH&RQWUDFWRUE\UHDVRQRIWKHWHUPLQDWLRQRIWKH:RUNWKH&LW\VKDOOGHWHUPLQHRQWKHEDVLV
RI LQIRUPDWLRQ DYDLODEOH WR LW WKH DPRXQW LI DQ\ GXH WR WKH&RQWUDFWRU E\ UHDVRQ RI WKH
WHUPLQDWLRQDQGVKDOOSD\WRWKH&RQWUDFWRUWKHDPRXQWVGHWHUPLQHG&RQWUDFWRUVKDOOQRWEHSDLG
RQDFFRXQWRIORVVRIDQWLFLSDWHGSURILWVRUUHYHQXHRURWKHUHFRQRPLFORVVDULVLQJRXWRIRU
UHVXOWLQJIURPVXFKWHUPLQDWLRQ
$57,&/(±',6387(5(62/87,21
0HWKRGVDQG3URFHGXUHV
$(LWKHU&LW\RU&RQWUDFWRUPD\UHTXHVWPHGLDWLRQRIDQ\&RQWUDFW&ODLPVXEPLWWHGIRUDGHFLVLRQ
XQGHU 3DUDJUDSK EHIRUH VXFK GHFLVLRQ EHFRPHV ILQDO DQG ELQGLQJ 7KH UHTXHVW IRU
PHGLDWLRQVKDOOEHVXEPLWWHGWRWKHRWKHUSDUW\WRWKH&RQWUDFW7LPHO\VXEPLVVLRQRIWKHUHTXHVW
VKDOOVWD\WKHHIIHFWRI3DUDJUDSK(
%&LW\DQG&RQWUDFWRUVKDOOSDUWLFLSDWHLQWKHPHGLDWLRQSURFHVVLQJRRGIDLWK7KHSURFHVVVKDOOEH
FRPPHQFHGZLWKLQGD\VRIILOLQJRIWKHUHTXHVW
&,IWKH&RQWUDFW&ODLPLVQRWUHVROYHGE\PHGLDWLRQ&LW\¶VDFWLRQXQGHU3DUDJUDSK&RUD
GHQLDOSXUVXDQWWR3DUDJUDSKV&RU'VKDOOEHFRPHILQDODQGELQGLQJGD\VDIWHU
WHUPLQDWLRQRIWKHPHGLDWLRQXQOHVVZLWKLQWKDWWLPHSHULRG&LW\RU&RQWUDFWRU
HOHFWVLQZULWLQJWRLQYRNHDQ\RWKHUGLVSXWHUHVROXWLRQSURFHVVSURYLGHGIRULQWKH
DocuSign Envelope ID: AE73A2C9-2DA1-4E69-954D-5B1574F66708
*(1(5$/&21',7,216
3DJHRI
&,7<2)'(1721
67$1'$5'&216758&7,2163(&,),&$7,21'2&80(176
5HYLVHG6HSWHPEHU
6XSSOHPHQWDU\&RQGLWLRQVRU
DJUHHV ZLWK WKH RWKHU SDUW\ WR VXEPLW WKH &RQWUDFW &ODLP WR DQRWKHU GLVSXWH UHVROXWLRQ
SURFHVVRU
JLYHVZULWWHQQRWLFHWRWKHRWKHUSDUW\RIWKHLQWHQWWRVXEPLWWKH&RQWUDFW&ODLPWRDFRXUWRI
FRPSHWHQWMXULVGLFWLRQ
$57,&/(±0,6&(//$1(286
*LYLQJ1RWLFH
$:KHQHYHUDQ\SURYLVLRQRIWKH&RQWUDFW'RFXPHQWVUHTXLUHVWKHJLYLQJRIZULWWHQQRWLFHLWZLOO
EHGHHPHGWRKDYHEHHQYDOLGO\JLYHQLI
GHOLYHUHGLQSHUVRQWRWKHLQGLYLGXDORUWRDPHPEHURIWKHILUPRUWRDQRIILFHURIWKH
FRUSRUDWLRQIRUZKRPLWLVLQWHQGHGRU
GHOLYHUHG DW RU VHQW E\ UHJLVWHUHG RU FHUWLILHGPDLOSRVWDJHSUHSDLGWRWKHODVWEXVLQHVV
DGGUHVVNQRZQWRWKHJLYHURIWKHQRWLFH
GHOLYHUHGE\HOHFWURQLFPHDQVWRRUIURPWKH3URMHFW0DQDJHU
%%XVLQHVVDGGUHVVFKDQJHVPXVWEHSURPSWO\PDGHLQZULWLQJWRWKHRWKHUSDUW\
&:KHQHYHUWKH&RQWUDFW'RFXPHQWVVSHFLILHVJLYLQJQRWLFHE\HOHFWURQLFPHDQVVXFKHOHFWURQLF
QRWLFHVKDOOEHGHHPHGVXIILFLHQWXSRQFRQILUPDWLRQRIUHFHLSWE\WKHUHFHLYLQJSDUW\
&RPSXWDWLRQRI7LPHV
:KHQDQ\SHULRGRIWLPHLVUHIHUUHGWRLQWKH&RQWUDFW'RFXPHQWVE\GD\VLWZLOOEHFRPSXWHGWR
H[FOXGHWKHILUVWDQGLQFOXGHWKHODVWGD\RIVXFKSHULRG,IWKHODVWGD\RIDQ\VXFKSHULRGIDOOVRQD
6DWXUGD\RU6XQGD\RURQDGD\PDGHDOHJDOKROLGD\WKHQH[W:RUNLQJ'D\VKDOOEHFRPHWKHODVW
GD\RIWKHSHULRG
&XPXODWLYH5HPHGLHV
7KH GXWLHV DQG REOLJDWLRQV LPSRVHG E\ WKHVH *HQHUDO &RQGLWLRQVDQG WKH ULJKWV DQG UHPHGLHV
DYDLODEOHKHUHXQGHUWRWKHSDUWLHVKHUHWRDUHLQDGGLWLRQWRDQGDUHQRWWREHFRQVWUXHGLQDQ\ZD\DV
DOLPLWDWLRQRIDQ\ULJKWVDQGUHPHGLHVDYDLODEOHWRDQ\RUDOORIWKHPZKLFKDUHRWKHUZLVHLPSRVHG
RUDYDLODEOHE\/DZVRU5HJXODWLRQVE\VSHFLDOZDUUDQW\RUJXDUDQWHHRUE\RWKHUSURYLVLRQVRIWKH
&RQWUDFW'RFXPHQWV7KHSURYLVLRQVRIWKLV3DUDJUDSKZLOOEHDVHIIHFWLYHDVLIUHSHDWHGVSHFLILFDOO\
LQWKH&RQWUDFW'RFXPHQWVLQFRQQHFWLRQZLWKHDFKSDUWLFXODUGXW\REOLJDWLRQULJKWDQGUHPHG\WR
ZKLFKWKH\DSSO\
DocuSign Envelope ID: AE73A2C9-2DA1-4E69-954D-5B1574F66708
*(1(5$/&21',7,216
3DJHRI
&,7<2)'(1721
67$1'$5'&216758&7,2163(&,),&$7,21'2&80(176
5HYLVHG6HSWHPEHU
6XUYLYDORI2EOLJDWLRQV
$OOUHSUHVHQWDWLRQVLQGHPQLILFDWLRQVZDUUDQWLHVDQGJXDUDQWHHVPDGHLQUHTXLUHGE\RUJLYHQLQ
DFFRUGDQFH ZLWK WKH &RQWUDFW 'RFXPHQWV DV ZHOO DV DOO FRQWLQXLQJ REOLJDWLRQV LQGLFDWHG LQ WKH
&RQWUDFW 'RFXPHQWV ZLOO VXUYLYH ILQDO SD\PHQW FRPSOHWLRQ DQG DFFHSWDQFH RI WKH :RUN RU
WHUPLQDWLRQRUFRPSOHWLRQRIWKH&RQWUDFWRUWHUPLQDWLRQRIWKHVHUYLFHVRI&RQWUDFWRU
+HDGLQJV
$UWLFOHDQGSDUDJUDSKKHDGLQJVDUHLQVHUWHGIRUFRQYHQLHQFHRQO\DQGGRQRWFRQVWLWXWHSDUWVRIWKHVH
*HQHUDO&RQGLWLRQV
DocuSign Envelope ID: AE73A2C9-2DA1-4E69-954D-5B1574F66708
6833/(0(17$5<&21',7,216
3DJHRI
&,7<2)'(1721 ,)%
67$1'$5'&216758&7,2163(&,),&$7,21'2&80(176 '71(QJLQHHULQJ3URMHFW1R
5HYLVHG6HSWHPEHU
6(&7,21
6833/(0(17$5<&21',7,216
72
*(1(5$/&21',7,216
6XSSOHPHQWDU\&RQGLWLRQV
7KHVH6XSSOHPHQWDU\&RQGLWLRQVPRGLI\DQGVXSSOHPHQW6HFWLRQ*HQHUDO&RQGLWLRQVDQGRWKHU
SURYLVLRQVRIWKH&RQWUDFW'RFXPHQWVDVLQGLFDWHGEHORZ$OOSURYLVLRQVRIWKH*HQHUDO&RQGLWLRQVWKDWDUH
PRGLILHGRUVXSSOHPHQWHGUHPDLQLQIXOOIRUFHDQGHIIHFWDVVRPRGLILHGRUVXSSOHPHQWHG$OOSURYLVLRQV
RIWKH*HQHUDO&RQGLWLRQVZKLFKDUHQRWVRPRGLILHGRUVXSSOHPHQWHGUHPDLQLQIXOOIRUFHDQGHIIHFW
'HILQHG7HUPV
7KHWHUPVXVHGLQWKHVH6XSSOHPHQWDU\&RQGLWLRQVZKLFKDUHGHILQHGLQWKH*HQHUDO&RQGLWLRQVKDYHWKH
PHDQLQJDVVLJQHGWRWKHPLQWKH*HQHUDO&RQGLWLRQVXQOHVVVSHFLILFDOO\QRWHGKHUHLQ
0RGLILFDWLRQVDQG6XSSOHPHQWV
7KHIROORZLQJDUHLQVWUXFWLRQVWKDWPRGLI\RUVXSSOHPHQWVSHFLILFSDUDJUDSKVLQWKH*HQHUDO&RQGLWLRQVDQG
RWKHU&RQWUDFW'RFXPHQWV
6&$
(DVHPHQWOLPLWVVKRZQRQWKH'UDZLQJDUHDSSUR[LPDWHDQGZHUHSURYLGHGWRHVWDEOLVKDEDVLVIRUELGGLQJ
8SRQUHFHLYLQJWKHILQDOHDVHPHQWVGHVFULSWLRQV&RQWUDFWRUVKDOOFRPSDUHWKHPWRWKHOLQHVVKRZQRQWKH
&RQWUDFW'UDZLQJV
6&$³$YDLODELOLW\RI/DQGV´
7KHIROORZLQJLVDOLVWRINQRZQRXWVWDQGLQJULJKWRIZD\DQGRUHDVHPHQWVWREHDFTXLUHGLIDQ\DVRI
2FWREHU
2XWVWDQGLQJ5LJKW2I:D\DQGRU(DVHPHQWVWR%H$FTXLUHG
3$5&(/
180%(5
2:1(5 7$5*(7'$7(
2)3266(66,21
1RQH
7KH&RQWUDFWRUXQGHUVWDQGVDQGDJUHHVWKDWWKHGDWHVOLVWHGDERYHDUHHVWLPDWHVRQO\DUHQRWJXDUDQWHHG
DQGGRQRWELQGWKH&LW\
,I&RQWUDFWRUFRQVLGHUVWKHILQDOHDVHPHQWVSURYLGHGWRGLIIHUPDWHULDOO\IURPWKHUHSUHVHQWDWLRQVRQWKH
&RQWUDFW'UDZLQJV&RQWUDFWRUVKDOOZLWKLQILYH%XVLQHVV'D\VDQGEHIRUHSURFHHGLQJZLWKWKH:RUN
QRWLI\&LW\LQZULWLQJDVVRFLDWHGZLWKWKHGLIIHULQJHDVHPHQWOLQHORFDWLRQV
6&$³$YDLODELOLW\RI/DQGV´
8WLOLWLHVRUREVWUXFWLRQVWREHUHPRYHGDGMXVWHGDQGRUUHORFDWHG
7KHIROORZLQJLVOLVWRIXWLOLWLHVDQGRUREVWUXFWLRQVWKDWKDYHQRWEHHQUHPRYHGDGMXVWHGDQGRUUHORFDWHG
DVRI2FWREHU
DocuSign Envelope ID: AE73A2C9-2DA1-4E69-954D-5B1574F66708
6833/(0(17$5<&21',7,216
3DJHRI
&,7<2)'(1721 ,)%
67$1'$5'&216758&7,2163(&,),&$7,21'2&80(176 '71(QJLQHHULQJ3URMHFW1R
5HYLVHG6HSWHPEHU
(;3(&7('
2:1(5
87,/,7<$1'/2&$7,21 7$5*(7'$7(2)
$'-8670(17
6HH3ODQV
7KH&RQWUDFWRUXQGHUVWDQGVDQGDJUHHVWKDWWKHGDWHVOLVWHGDERYHDUHHVWLPDWHVRQO\DUHQRWJXDUDQWHHG
DQGGRQRWELQGWKH&LW\
6&$³6XEVXUIDFHDQG3K\VLFDO&RQGLWLRQV´
7KHIROORZLQJDUHUHSRUWVRIH[SORUDWLRQVDQGWHVWVRIVXEVXUIDFHFRQGLWLRQVDWWKHVLWHRIWKH:RUN
$*HRWHFKQLFDO(QJLQHHULQJ5HSRUW%RQQLH%UDH6WUHHW5HSRUW1RB1$BBGDWHGBB-XQHBBBB
SUHSDUHGE\/DQGWHF(QJLQHHUVDVXEFRQVXOWDQWRI*UDKDP$VVRFLDWHV,QFDFRQVXOWDQWRIWKH&LW\
SURYLGLQJDGGLWLRQDOLQIRUPDWLRQRQ*HRWHFKLQDO(QJLQHHULQJ
$&LW\RI'HQWRQ±163KDVH,,6RLO&RUURVLYLW\5HSRUW5HSRUW1RB1$BBGDWHGBB-XQHBBBB
SUHSDUHGE\9 $&RQVXOWLQJ(QJLQHHUVDVXEFRQVXOWDQWRI)UHHVHDQG1LFKROV,QFDFRQVXOWDQWRIWKH
&LW\SURYLGLQJDGGLWLRQDOLQIRUPDWLRQRQ6RLO&RUURVLYLW\
7KHIROORZLQJDUHGUDZLQJVRISK\VLFDOFRQGLWLRQVLQRUUHODWLQJWRH[LVWLQJVXUIDFHDQGVXEVXUIDFH
VWUXFWXUHVH[FHSW8QGHUJURXQG)DFLOLWLHVZKLFKDUHDWRUFRQWLJXRXVWRWKHVLWHRIWKH:RUN
6HH3ODQVWLWOHG1RUWK6RXWK3KDVH,,,,QFK:DWHU7UDQVPLVVLRQ0DLQIURP,+(7R6FULSWXUH
6WUHHW
6&$³+D]DUGRXV(QYLURQPHQWDO&RQGLWLRQVDW6LWH´
7KHIROORZLQJDUHUHSRUWVDQGGUDZLQJVRIH[LVWLQJKD]DUGRXVHQYLURQPHQWDOFRQGLWLRQVNQRZQWRWKH&LW\
1RQH
6&$³&HUWLILFDWHVRI,QVXUDQFH´
7KHHQWLWLHVOLVWHGEHORZDUHDGGLWLRQDOLQVXUHGVDVWKHLULQWHUHVWPD\DSSHDULQFOXGLQJWKHLUUHVSHFWLYH
RIILFHUVGLUHFWRUVDJHQWVDQGHPSOR\HHV
&LW\
&RQVXOWDQW)UHHVHDQG1LFKROV,QF
2WKHU1RQH
6&$³&RQWUDFWRU¶V,QVXUDQFH´
7KHOLPLWVRIOLDELOLW\IRUWKHLQVXUDQFHUHTXLUHGE\3DUDJUDSK*&VKDOOSURYLGHWKHIROORZLQJ
FRYHUDJHVIRUQRWOHVVWKDQWKHIROORZLQJDPRXQWVRUJUHDWHUZKHUHUHTXLUHGE\ODZVDQGUHJXODWLRQV
$:RUNHUV
&RPSHQVDWLRQXQGHU3DUDJUDSK*&$
6WDWXWRU\OLPLWV
(PSOR\HU
VOLDELOLW\
HDFKDFFLGHQWRFFXUUHQFH
'LVHDVHHDFKHPSOR\HH
'LVHDVHSROLF\OLPLW
6&%³&RQWUDFWRU¶V,QVXUDQFH´
DocuSign Envelope ID: AE73A2C9-2DA1-4E69-954D-5B1574F66708
6833/(0(17$5<&21',7,216
3DJHRI
&,7<2)'(1721 ,)%
67$1'$5'&216758&7,2163(&,),&$7,21'2&80(176 '71(QJLQHHULQJ3URMHFW1R
5HYLVHG6HSWHPEHU
%&RPPHUFLDO*HQHUDO/LDELOLW\XQGHU3DUDJUDSK*&%&RQWUDFWRU
V/LDELOLW\,QVXUDQFH
XQGHU3DUDJUDSK*&%ZKLFKVKDOOEHRQDSHUSURMHFWEDVLVFRYHULQJWKH&RQWUDFWRUZLWK
PLQLPXPOLPLWVRI
HDFKRFFXUUHQFH
DJJUHJDWHOLPLW
7KHSROLF\PXVWKDYHDQHQGRUVHPHQW$PHQGPHQW±$JJUHJDWH/LPLWVRI,QVXUDQFHPDNLQJWKH
*HQHUDO$JJUHJDWH/LPLWVDSSO\VHSDUDWHO\WRHDFKMREVLWH
7KH&RPPHUFLDO*HQHUDO/LDELOLW\,QVXUDQFHSROLFLHVVKDOOSURYLGH³;´³&´DQG³8´FRYHUDJH¶V
9HULILFDWLRQRIVXFKFRYHUDJHPXVWEHVKRZQLQWKH5HPDUNV$UWLFOHRIWKH&HUWLILFDWHRI,QVXUDQFH
6&&³&RQWUDFWRU¶V,QVXUDQFH´
&$XWRPRELOH/LDELOLW\XQGHU3DUDJUDSK*&&&RQWUDFWRU¶V/LDELOLW\,QVXUDQFHXQGHU
3DUDJUDSK*&&ZKLFKVKDOOEHLQDQDPRXQWQRWOHVVWKDQWKHIROORZLQJDPRXQWV
$XWRPRELOH/LDELOLW\DFRPPHUFLDOEXVLQHVVSROLF\VKDOOSURYLGHFRYHUDJHRQ$Q\$XWR
GHILQHGDVDXWRVRZQHGKLUHGDQGQRQRZQHG
HDFKDFFLGHQWRQDFRPELQHGVLQJOHOLPLWEDVLV6SOLWOLPLWVDUHDFFHSWDEOHLIOLPLWVDUHDW
OHDVW
%RGLO\,QMXU\SHUSHUVRQ
%RGLO\,QMXU\SHUDFFLGHQW
3URSHUW\'DPDJH
6&'³&RQWUDFWRU¶V,QVXUDQFH´
7KH&RQWUDFWRU¶VFRQVWUXFWLRQDFWLYLWLHVZLOOUHTXLUHLWVHPSOR\HHVDJHQWVVXEFRQWUDFWRUVHTXLSPHQWDQG
PDWHULDOGHOLYHULHVWRFURVVUDLOURDGSURSHUWLHVDQGWUDFNVRUSHUIRUPZRUNZLWKLQIHHWRIWKHFHQWHUOLQH
RIWUDFNVRZQHGDQGRSHUDWHGE\.DQVDV&LW\6RXWKHUQ5DLOZD\&R
7KH&RQWUDFWRUVKDOOFRQGXFWLWVRSHUDWLRQVRQUDLOURDGSURSHUWLHVLQVXFKDPDQQHUDVQRWWRLQWHUIHUHZLWK
KLQGHURUREVWUXFWWKHUDLOURDGFRPSDQ\LQDQ\PDQQHUZKDWVRHYHULQWKHXVHRURSHUDWLRQRILWVWKHLUWUDLQV
RURWKHUSURSHUW\6XFKRSHUDWLRQVRQUDLOURDGSURSHUWLHVPD\UHTXLUHWKDW&RQWUDFWRUWRH[HFXWHD³5LJKWRI
(QWU\$JUHHPHQW´ZLWKWKHSDUWLFXODUUDLOURDGFRPSDQ\RUFRPSDQLHVLQYROYHGDQGWRWKLVHQGWKH
&RQWUDFWRUVKRXOGVDWLVI\LWVHOIDVWRWKHUHTXLUHPHQWVRIHDFKUDLOURDGFRPSDQ\DQGEHSUHSDUHGWRH[HFXWH
WKHULJKWRIHQWU\LIDQ\UHTXLUHGE\DUDLOURDGFRPSDQ\7KHUHTXLUHPHQWVVSHFLILHGKHUHLQOLNHZLVHUHODWH
WRWKH&RQWUDFWRU¶VXVHRISULYDWHDQGRUFRQVWUXFWLRQDFFHVVURDGVFURVVLQJVDLGUDLOURDGFRPSDQ\¶V
SURSHUWLHV
7KH&RQWUDFWXDO/LDELOLW\FRYHUDJHUHTXLUHGE\3DUDJUDSK'RIWKH*HQHUDO&RQGLWLRQVVKDOOSURYLGH
FRYHUDJHIRUQRWOHVVWKDQWKHIROORZLQJDPRXQWVLVVXHGE\FRPSDQLHVVDWLVIDFWRU\WRWKH&LW\DQGWRWKH
5DLOURDG&RPSDQ\IRUDWHUPWKDWFRQWLQXHVIRUVRORQJDVWKH&RQWUDFWRU¶VRSHUDWLRQVDQGZRUNFURVV
RFFXS\RUWRXFKUDLOURDGSURSHUW\
*HQHUDO$JJUHJDWH
(DFK2FFXUUHQFH
; 5HTXLUHGIRUWKLV&RQWUDFW 1RWUHTXLUHGIRUWKLV&RQWUDFW
:LWKUHVSHFWWRWKHDERYHRXWOLQHGLQVXUDQFHUHTXLUHPHQWVWKHIROORZLQJVKDOOJRYHUQ
DocuSign Envelope ID: AE73A2C9-2DA1-4E69-954D-5B1574F66708
6833/(0(17$5<&21',7,216
3DJHRI
&,7<2)'(1721 ,)%
67$1'$5'&216758&7,2163(&,),&$7,21'2&80(176 '71(QJLQHHULQJ3URMHFW1R
5HYLVHG6HSWHPEHU
:KHUHDVLQJOHUDLOURDGFRPSDQ\LVLQYROYHGWKH&RQWUDFWRUVKDOOSURYLGHRQHLQVXUDQFHSROLF\LQ
WKH QDPH RI WKH UDLOURDG FRPSDQ\ +RZHYHU LI PRUH WKDQ RQH JUDGH VHSDUDWLRQ RU DWJUDGH
FURVVLQJLVDIIHFWHGE\WKH3URMHFWDWHQWLUHO\VHSDUDWHORFDWLRQVRQWKHOLQHRUOLQHVRIWKHVDPH
UDLOURDGFRPSDQ\VHSDUDWHFRYHUDJHPD\EHUHTXLUHGHDFKLQWKHDPRXQWVWDWHGDERYH
:KHUHPRUHWKDQRQHUDLOURDGFRPSDQ\LVRSHUDWLQJRQWKHVDPHULJKWRIZD\RUZKHUHVHYHUDO
UDLOURDGFRPSDQLHVDUHLQYROYHGDQGRSHUDWHGRQWKHLURZQVHSDUDWHULJKWVRIZD\WKH&RQWUDFWRU
PD\EHUHTXLUHGWRSURYLGHVHSDUDWHLQVXUDQFHSROLFLHVLQWKHQDPHRIHDFKUDLOURDGFRPSDQ\
,ILQDGGLWLRQWRDJUDGHVHSDUDWLRQRUDQDWJUDGHFURVVLQJRWKHUZRUNRUDFWLYLW\LVSURSRVHGRQD
UDLOURDGFRPSDQ\¶VULJKWRIZD\DWDORFDWLRQHQWLUHO\VHSDUDWHIURPWKHJUDGHVHSDUDWLRQRUDW
JUDGHFURVVLQJLQVXUDQFHFRYHUDJHIRUWKLVZRUNPXVWEHLQFOXGHGLQWKHSROLF\FRYHULQJWKHJUDGH
VHSDUDWLRQ
,IQRJUDGHVHSDUDWLRQLVLQYROYHGEXWRWKHUZRUNLVSURSRVHGRQDUDLOURDGFRPSDQ\¶VULJKWRI
ZD\DOOVXFKRWKHUZRUNPD\EHFRYHUHGLQDVLQJOHSROLF\IRUWKDWUDLOURDGHYHQWKRXJKWKHZRUN
PD\EHDWWZRRUPRUHVHSDUDWHORFDWLRQV
1RZRUNRUDFWLYLWLHVRQDUDLOURDGFRPSDQ\¶VSURSHUW\WREHSHUIRUPHGE\WKH&RQWUDFWRUVKDOOEH
FRPPHQFHGXQWLOWKH&RQWUDFWRUKDVIXUQLVKHGWKH&LW\ZLWKDQRULJLQDOSROLF\RUSROLFLHVRIWKHLQVXUDQFH
IRUHDFKUDLOURDGFRPSDQ\QDPHGDVUHTXLUHGDERYH$OOVXFKLQVXUDQFHPXVWEHDSSURYHGE\WKH&LW\DQG
HDFKDIIHFWHG5DLOURDG&RPSDQ\SULRUWRWKH&RQWUDFWRU¶VEHJLQQLQJZRUN
7KHLQVXUDQFHVSHFLILHGDERYHPXVWEHFDUULHGXQWLODOO:RUNWREHSHUIRUPHGRQWKHUDLOURDGULJKWRIZD\
KDVEHHQFRPSOHWHGDQGWKHJUDGHFURVVLQJLIDQ\LVQRORQJHUXVHGE\WKH&RQWUDFWRU,QDGGLWLRQ
LQVXUDQFHPXVWEHFDUULHGGXULQJDOOPDLQWHQDQFHDQGRUUHSDLUZRUNSHUIRUPHGLQWKHUDLOURDGULJKWRIZD\
6XFKLQVXUDQFHPXVWQDPHWKHUDLOURDGFRPSDQ\DVWKHLQVXUHGWRJHWKHUZLWKDQ\WHQDQWRUOHVVHHRIWKH
UDLOURDGFRPSDQ\RSHUDWLQJRYHUWUDFNVLQYROYHGLQWKH3URMHFW
6&³3HUPLWVDQG8WLOLWLHV´
6&$³&RQWUDFWRUREWDLQHGSHUPLWVDQGOLFHQVHV´
7KHIROORZLQJDUHNQRZQSHUPLWVDQGRUOLFHQVHVUHTXLUHGE\WKH&RQWUDFWWREHDFTXLUHGE\WKH&RQWUDFWRU
6WUHHW&XW3HUPLWZLWKWKH&LW\RI'HQWRQ
6&%³&LW\REWDLQHGSHUPLWVDQGOLFHQVHV´
7KHIROORZLQJDUHNQRZQSHUPLWVDQGRUOLFHQVHVUHTXLUHGE\WKH&RQWUDFWWREHDFTXLUHGE\WKH&LW\
1RQH
6&&³2XWVWDQGLQJSHUPLWVDQGOLFHQVHV´
7KHIROORZLQJLVDOLVWRINQRZQRXWVWDQGLQJSHUPLWVDQGRUOLFHQVHVWREHDFTXLUHGLIDQ\DVRI2FWREHU
2XWVWDQGLQJ3HUPLWVDQGRU/LFHQVHVWR%H$FTXLUHG
2:1(5 3(50,725/,&(16($1'/2&$7,21 7$5*(7'$7(
2)3266(66,21
1RQH
6&³&RRUGLQDWLRQ´
DocuSign Envelope ID: AE73A2C9-2DA1-4E69-954D-5B1574F66708
6833/(0(17$5<&21',7,216
3DJHRI
&,7<2)'(1721 ,)%
67$1'$5'&216758&7,2163(&,),&$7,21'2&80(176 '71(QJLQHHULQJ3URMHFW1R
5HYLVHG6HSWHPEHU
7KHLQGLYLGXDOVRUHQWLWLHVOLVWHGEHORZKDYHFRQWUDFWVZLWKWKH&LW\IRUWKHSHUIRUPDQFHRIRWKHUZRUNDW
WKH6LWH
9HQGRU 6FRSHRI:RUN &RRUGLQDWLRQ$XWKRULW\
5DJOH,QF%RQQLH%UDH3KDVH6WUHHW
&RQVWUXFWLRQ3URMHFW
&LW\
7KDOOH1RUWK6RXWK3URMHFW3KDVH&LW\
6&³&RPPXQLFDWLRQVWR&RQWUDFWRU´
7['27
8QLYHUVLW\RI1RUWK7H[DV
.DQVDV&LW\6RXWKHUQ5DLOZD\
6HH3ODQV
6&³&LW\¶V3URMHFW0DQDJHU´
7KH&LW\¶V3URMHFW0DQDJHUIRUWKLV&RQWUDFWLV-LP-HQNVRUKLVKHUVXFFHVVRUSXUVXDQWWRZULWWHQ
QRWLILFDWLRQIURPWKH&LW\(QJLQHHU
6&&³7HVWVDQG,QVSHFWLRQV´
1RQH
6&&³0HWKRGVDQG3URFHGXUHV´
1RQH
(1'2)6(&7,21
DocuSign Envelope ID: AE73A2C9-2DA1-4E69-954D-5B1574F66708
Exhibit
CONFLICT OF INTEREST QUESTIONNAIRE - FORM CIQ
For vendor or other person doing business with local governmental entity
This questionnaire reflects changes made to the law by H.B. 23, 84th Leg., Regular Session.
This questionnaire is being filed in accordance with Chapter 176, Local Government Code, by a vendor who has a business relationship as
defined by Section 176.001(1-a) with a local governmental entity and the vendor meets requirements under Section 176.006(a).
By law this questionnaire must be filed with the records administrator of the local government entity not later than the 7th business day after
the date the vendor becomes aware of facts that require the statement to be filed. See Section 176.006(a-1), Local Government Code.
A vendor commits an offense if the vendor knowingly violates Section 176.006, Local Government Code. An offense under this section is a
misdemeanor.
1 Name of vendor who has a business relationship with local governmental entity.
2
Check this box if you are filing an update to a previously filed questionnaire.
(The law requires that you file an updated completed questionnaire with the appropriate filing authority not later than the 7th business
day after the date on which you became aware that the originally filed questionnaire was incomplete or inaccurate.)
3 Name of local government officer about whom the information in this section is being disclosed.
Name of Officer
This section, (item 3 including subparts A, B, C & D), must be completed for each officer with whom the vendor has an employment or other business relationship
as defined by Section 176.001(1-a), Local Government Code. Attach additional pages to this Form CIQ as necessary.
A. Is the local government officer named in this section receiving or likely to receive taxable income, other than investment income, from the vendor?
Yes No
B. Is the vendor receiving or likely to receive taxable income, other than investment income, from or at the direction of the local government officer
named in this section AND the taxable income is not received from the local governmental entity?
Yes No
C. Is the filer of this questionnaire employed by a corporation or other business entity with respect to which the local government officer serves as an
officer or director, or holds an ownership of one percent or more?
Yes No
D. Describe each employment or business and family relationship with the local government officer named in this section.
4
I have no Conflict of Interest to disclose.
5
Signature of vendor doing business with the governmental entity Date
DocuSign Envelope ID: AE73A2C9-2DA1-4E69-954D-5B1574F66708
Certificate Of Completion
Envelope Id: AE73A2C92DA14E69954D5B1574F66708 Status: Completed
Subject: Please DocuSign: City Council Contract 7200 - NS Water Main Ph 3
Source Envelope:
Document Pages: 101 Signatures: 6 Envelope Originator:
Certificate Pages: 6 Initials: 1 Laura Hermosillo
AutoNav: Enabled
EnvelopeId Stamping: Enabled
Time Zone: (UTC-06:00) Central Time (US & Canada)
901B Texas Street
Denton, TX 76209
laura.hermosillo@cityofdenton.com
IP Address: 129.120.6.150
Record Tracking
Status: Original
1/6/2020 10:30:24 AM
Holder: Laura Hermosillo
laura.hermosillo@cityofdenton.com
Location: DocuSign
Signer Events Signature Timestamp
Laura Hermosillo
laura.hermosillo@cityofdenton.com
Senior Buyer
City of Denton
Security Level: Email, Account Authentication
(None)
Completed
Using IP Address: 129.120.6.150
Sent: 1/6/2020 10:50:46 AM
Viewed: 1/8/2020 9:47:02 AM
Signed: 1/8/2020 9:47:05 AM
Electronic Record and Signature Disclosure:
Not Offered via DocuSign
Lori Hewell
lori.hewell@cityofdenton.com
Purchasing Manager
City of Denton
Security Level: Email, Account Authentication
(None)
Signature Adoption: Pre-selected Style
Using IP Address: 129.120.6.150
Sent: 1/8/2020 9:47:09 AM
Viewed: 1/8/2020 1:07:33 PM
Signed: 1/8/2020 1:10:14 PM
Electronic Record and Signature Disclosure:
Not Offered via DocuSign
Mack Reinwand
mack.reinwand@cityofdenton.com
City of Denton
Security Level: Email, Account Authentication
(None)Signature Adoption: Pre-selected Style
Using IP Address: 129.120.6.150
Sent: 1/8/2020 1:10:19 PM
Viewed: 1/10/2020 10:31:12 AM
Signed: 1/10/2020 10:36:21 AM
Electronic Record and Signature Disclosure:
Not Offered via DocuSign
Chris Bullock
cabulloch@gmail.com
CHRIS BULLOCH
Security Level: Email, Account Authentication
(None)Signature Adoption: Pre-selected Style
Using IP Address: 73.24.43.65
Sent: 1/10/2020 10:36:26 AM
Viewed: 1/10/2020 10:45:10 AM
Signed: 1/10/2020 10:46:36 AM
Electronic Record and Signature Disclosure:
Accepted: 1/10/2020 10:45:10 AM
ID: ca64a3c0-a320-42e0-abfb-b289bc05bf51
Signer Events Signature Timestamp
Todd Estes
Todd.Estes@cityofdenton.com
City Engineer
Capital Projects
Security Level: Email, Account Authentication
(None)
Signature Adoption: Drawn on Device
Using IP Address: 174.246.97.70
Signed using mobile
Sent: 1/10/2020 10:46:41 AM
Viewed: 1/10/2020 1:16:43 PM
Signed: 1/10/2020 1:17:05 PM
Electronic Record and Signature Disclosure:
Accepted: 1/10/2020 1:16:43 PM
ID: df88d4f0-f577-458c-898f-65ce2d5be7ee
Cheyenne Defee
cheyenne.defee@cityofdenton.com
Contract Administrator
City of Denton
Security Level: Email, Account Authentication
(None)
Completed
Using IP Address: 129.120.6.150
Sent: 1/10/2020 1:17:10 PM
Viewed: 2/19/2020 8:23:11 AM
Signed: 2/19/2020 8:23:33 AM
Electronic Record and Signature Disclosure:
Not Offered via DocuSign
Todd Hileman
Todd.Hileman@cityofdenton.com
City Manager
City of Denton
Security Level: Email, Account Authentication
(None)
Signature Adoption: Pre-selected Style
Using IP Address: 174.192.80.28
Signed using mobile
Sent: 2/19/2020 8:23:38 AM
Viewed: 2/19/2020 8:50:02 AM
Signed: 2/19/2020 8:50:09 AM
Electronic Record and Signature Disclosure:
Accepted: 7/25/2017 11:02:14 AM
ID: 57619fbf-2aec-4b1f-805d-6bd7d9966f21
Rosa Rios
rosa.rios@cityofdenton.com
City Secretary
Security Level: Email, Account Authentication
(None)Signature Adoption: Pre-selected Style
Using IP Address: 129.120.6.150
Sent: 2/19/2020 8:50:12 AM
Viewed: 2/19/2020 9:30:33 AM
Signed: 2/19/2020 9:31:11 AM
Electronic Record and Signature Disclosure:
Accepted: 2/19/2020 9:30:33 AM
ID: dab17044-7c10-485c-ad57-23fbd064ed66
In Ierson Signer Events Signature Timestamp
Editor DeliverI Events Status Timestamp
Igent DeliverI Events Status Timestamp
IntermediarI DeliverI Events Status Timestamp
Certified DeliverI Events Status Timestamp
CarIon CopI Events Status Timestamp
Cheyenne Defee
cheyenne.defee@cityofdenton.com
Contract Administrator
City of Denton
Security Level: Email, Account Authentication
(None)
Sent: 1/8/2020 9:47:09 AM
Viewed: 2/19/2020 9:51:22 AM
Electronic Record and Signature Disclosure:
CarIon CopI Events Status Timestamp
Not Offered via DocuSign
Sherri Thurman
sherri.thurman@cityofdenton.com
City of Denton
Security Level: Email, Account Authentication
(None)
Sent: 1/10/2020 1:17:10 PM
Electronic Record and Signature Disclosure:
Not Offered via DocuSign
Jane Richardson
jane.richardson@cityofdenton.com
Assistant City Secretary
City of Denton
Security Level: Email, Account Authentication
(None)
Sent: 2/19/2020 8:23:37 AM
Electronic Record and Signature Disclosure:
Not Offered via DocuSign
Zolaina Parker
Zolaina.Parker@cityofdenton.com
City of Denton
Security Level: Email, Account Authentication
(None)
Sent: 2/19/2020 8:23:37 AM
Electronic Record and Signature Disclosure:
Not Offered via DocuSign
Annie Bunger
Annie.Bunger@cityofdenton.com
Contract Control Specialist
City of Denton
Security Level: Email, Account Authentication
(None)
Sent: 2/19/2020 9:31:14 AM
Electronic Record and Signature Disclosure:
Not Offered via DocuSign
Seth Garcia
Seth.Garcia@cityofdenton.com
Security Level: Email, Account Authentication
(None)
Sent: 2/19/2020 9:31:15 AM
Electronic Record and Signature Disclosure:
Not Offered via DocuSign
Iitness Events Signature Timestamp
IotarI Events Signature Timestamp
Envelope SummarI Events Status Timestamps
Envelope Sent Hashed/Encrypted 2/19/2020 9:31:15 AM
Certified Delivered Security Checked 2/19/2020 9:31:15 AM
Signing Complete Security Checked 2/19/2020 9:31:15 AM
Completed Security Checked 2/19/2020 9:31:15 AM
IaIment Events Status Timestamps
Electronic Record and Signature Disclosure
ELECTRONIC RECORD AND SIGNATURE DISCLOSURE
From time to time, City of Denton (we, us or Company) may be required by law to provide to
you certain written notices or disclosures. Described below are the terms and conditions for
providing to you such notices and disclosures electronically through your DocuSign, Inc.
(DocuSign) Express user account. Please read the information below carefully and thoroughly,
and if you can access this information electronically to your satisfaction and agree to these terms
and conditions, please confirm your agreement by clicking the 'I agree' button at the bottom of
this document.
Getting paper copies
At any time, you may request from us a paper copy of any record provided or made available
electronically to you by us. For such copies, as long as you are an authorized user of the
DocuSign system you will have the ability to download and print any documents we send to you
through your DocuSign user account for a limited period of time (usually 30 days) after such
documents are first sent to you. After such time, if you wish for us to send you paper copies of
any such documents from our office to you, you will be charged a $0.00 per-page fee. You may
request delivery of such paper copies from us by following the procedure described below.
Withdrawing your consent
If you decide to receive notices and disclosures from us electronically, you may at any time
change your mind and tell us that thereafter you want to receive required notices and disclosures
only in paper format. How you must inform us of your decision to receive future notices and
disclosure in paper format and withdraw your consent to receive notices and disclosures
electronically is described below.
Consequences of changing your mind
If you elect to receive required notices and disclosures only in paper format, it will slow the
speed at which we can complete certain steps in transactions with you and delivering services to
you because we will need first to send the required notices or disclosures to you in paper format,
and then wait until we receive back from you your acknowledgment of your receipt of such
paper notices or disclosures. To indicate to us that you are changing your mind, you must
withdraw your consent using the DocuSign 'Withdraw Consent' form on the signing page of your
DocuSign account. This will indicate to us that you have withdrawn your consent to receive
required notices and disclosures electronically from us and you will no longer be able to use your
DocuSign Express user account to receive required notices and consents electronically from us
or to sign electronically documents from us.
All notices and disclosures will be sent to you electronically
Unless you tell us otherwise in accordance with the procedures described herein, we will provide
electronically to you through your DocuSign user account all required notices, disclosures,
authorizations, acknowledgements, and other documents that are required to be provided or
made available to you during the course of our relationship with you. To reduce the chance of
you inadvertently not receiving any notice or disclosure, we prefer to provide all of the required
notices and disclosures to you by the same method and to the same address that you have given
us. Thus, you can receive all the disclosures and notices electronically or in paper format through
the paper mail delivery system. If you do not agree with this process, please let us know as
described below. Please also see the paragraph immediately above that describes the
consequences of your electing not to receive delivery of the notices and disclosures
electronically from us.
$"! !" $%"#!#%""$!
"$#"$!
"#%!!#$#! !#!#
How to contact City of Denton:
You may contact us to let us know of your changes as to how we may contact you electronically,
to request paper copies of certain information from us, and to withdraw your prior consent to
receive notices and disclosures electronically as follows:
To contact us by email send messages to: purchasing@cityofdenton.com
To advise City of Denton of your new e-mail address
To let us know of a change in your e-mail address where we should send notices and disclosures
electronically to you, you must send an email message to us at melissa.kraft@cityofdenton.com
and in the body of such request you must state: your previous e-mail address, your new e-mail
address. We do not require any other information from you to change your email address..
In addition, you must notify DocuSign, Inc to arrange for your new email address to be reflected
in your DocuSign account by following the process for changing e-mail in DocuSign.
To request paper copies from City of Denton
To request delivery from us of paper copies of the notices and disclosures previously provided
by us to you electronically, you must send us an e-mail to purchasing@cityofdenton.com and in
the body of such request you must state your e-mail address, full name, US Postal address, and
telephone number. We will bill you for any fees at that time, if any.
To withdraw your consent with City of Denton
To inform us that you no longer want to receive future notices and disclosures in electronic
format you may:
i. decline to sign a document from within your DocuSign account, and on the subsequent
page, select the check-box indicating you wish to withdraw your consent, or you may;
ii. send us an e-mail to purchasing@cityofdenton.com and in the body of such request you
must state your e-mail, full name, IS Postal Address, telephone number, and account
number. We do not need any other information from you to withdraw consent.. The
consequences of your withdrawing consent for online documents will be that transactions
may take a longer time to process..
Required hardware and software
Operating Systems: Windows2000? or WindowsXP?
Browsers (for SENDERS): Internet Explorer 6.0? or above
Browsers (for SIGNERS): Internet Explorer 6.0?, Mozilla FireFox 1.0,
NetScape 7.2 (or above)
Email: Access to a valid email account
Screen Resolution: 800 x 600 minimum
Enabled Security Settings:
•Allow per session cookies
•Users accessing the internet behind a Proxy
Server must enable HTTP 1.1 settings via
proxy connection
** These minimum requirements are subject to change. If these requirements change, we will
provide you with an email message at the email address we have on file for you at that time
providing you with the revised hardware and software requirements, at which time you will
have the right to withdraw your consent.
Acknowledging your access and consent to receive materials electronically
To confirm to us that you can access this information electronically, which will be similar to
other electronic notices and disclosures that we will provide to you, please verify that you
were able to read this electronic disclosure and that you also were able to print on paper or
electronically save this page for your future reference and access or that you were able to
e-mail this disclosure and consent to an address where you will be able to print on paper or
save it for your future reference and access. Further, if you consent to receiving notices and
disclosures exclusively in electronic format on the terms and conditions described above,
please let us know by clicking the 'I agree' button below.
By checking the 'I Agree' box, I confirm that:
• I can access and read this Electronic CONSENT TO ELECTRONIC RECEIPT OF
ELECTRONIC RECORD AND SIGNATURE DISCLOSURES document; and
• I can print on paper the disclosure or save or send the disclosure to a place where I can
print it, for future reference and access; and
• Until or unless I notify City of Denton as described above, I consent to receive from
exclusively through electronic means all notices, disclosures, authorizations,
acknowledgements, and other documents that are required to be provided or made
available to me by City of Denton during the course of my relationship with you.