Contract
-XGJPHQW RI WKH &RXUW 7HQWK &KDPEHU RI $SULO UHTXHVW IRU D SUHOLPLQDU\ UXOLQJ IURP WKH +RJH 5DDG GHU 1HGHUODQGHQ ³ 1HWKHUODQGV ³ ; %9 Y 6WDDWVVHFUHWDULV YDQ )LQDQFLsQ
&DVH &
5HIHUHQFH IRU D SUHOLPLQDU\ UXOLQJ ³ &RPPRQ &XVWRPV 7DULII ³ &ODVVLILFDWLRQ RI JRRGV ³ &RPELQHG
1RPHQFODWXUH ³ 6XEKHDGLQJV DQG ³ )ODW VFUHHQ PRQLWRUV ZLWK OLTXLG FU\VWDO GLVSOD\ FDSDEOH RI GLVSOD\LQJ VLJQDOV IURP DXWRPDWLF GDWD SURFHVVLQJ V\VWHPV ³ $JUHHPHQW RQ WUDGH LQ LQIRUPDWLRQ WHFKQRORJ\ SURGXFWV
&
/DQJXDJH RI WKH FDVH 'XWFK
5HIHUULQJ FRXUW
+RJH 5DDG GHU 1HGHUODQGHQ 3DUWLHV WR WKH PDLQ SURFHHGLQJV
$SSOLFDQW ; %9
'HIHQGDQW 6WDDWVVHFUHWDULV YDQ )LQDQFLsQ 2SHUDWLYH SDUW
7KH &RPELQHG 1RPHQFODWXUH ZKLFK DSSHDUV LQ $QQH[ , WR &RXQFLO 5HJXODWLRQ ((& 1R RI XO\ RQ WKH WDULII DQ G
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ⴀ PDWLF GDWD SURFHVVLQJ V\VWHP ,Q WKDW FRQWH[W SDUWLFXODU LPSRUWDQFH VKRXOG EH JLYHQ WR WKH TXHVWLRQ ZKHWKHU WKH\ DUH GHVLJQHG WR E H YLHZHG FORVH XS :KHWKHU WKH SHUVRQ ZKR XVHV WKH VFUHHQ DQG WKH SHUVRQ ZKR SURFHVVHV DQG RU HQWHUV GDWD LQWR DQ DXWRPDWLF GDWD SURFHVVLQJ PDFKLQH DUH RQH DQG WKH VDPH LV QRW D UHOHYDQW FULWHULRQ IRU WKH SXUSRVHV RI WKDW DVVHVVPHQW
2- &
-XGJPHQW RI WKH &RXUW 7HQWK &KDPEHU RI $SULO UHTXHVW IRU D SUHOLPLQDU\ UXOLQJ IURP WKH 7ULEXQDO GD 5HODomR GR 3RUWR ³ 3RUWXJDO ³ 0HGLWHUUDQHDQ 6KLSSLQJ &RPSDQ\ 3RUWXJDO ³ $JHQWHV GH 1DYHJDomR
6$ Y %DQFR &RPHUFLDO 3RUWXJXrV 6$ &DL[D *HUDO GH 'HSyVLWRV 6$
&DVH &
5HIHUHQFH IRU D SUHOLPLQDU\ UXOLQJ ³ 3D\PHQW VHUYLFHV LQ WKH LQWHUQDO PDUNHW ³ 'LUHFWLYH (& ³
$UWLFOHV DQG ³ 6FRSH ³ 3D\PHQW VHUYLFH XVHU ³ 0HDQLQJ ³ ([HFXWLRQ RI D GLUHFW GHELW SD\PHQW RUGHU LVVXHG E\ D WKLUG SDUW\ LQ UHVSHFW RI DQ DFFRXQW RI ZKLFK WKDW SDUW\ LV QRW WKH KROGHU ³ 1R DXWKRULVDWLRQ IURP WKH KROGHU RI WKH GHELWHG DFFRXQW ³ 8QDXWKRULVHG SD\PHQW WUDQVDFWLRQV
&
/DQJXDJH RI WKH FDVH 3RUWXJXHVH
5HIHUULQJ FRXUW
7ULEXQDO GD 5HODomR GR 3RUWR
3DUWLHV WR WKH PDLQ SURFHHGLQJV
$SSOLFDQW 0HGLWHUUDQHDQ 6KLSSLQJ &RPSDQ\ 3RUWXJDO ³ $JHQWHV GH 1DYHJDomR 6$ 'HIHQGDQWV %DQFR &RPHUFLDO 3RUWXJXrV 6$ &DL[D *HUDO GH 'HSyVLWRV 6$
2SHUDWLYH SDUW RI WKH MXGJPHQW
$UWLFOH RI 'LUHFWLYH (& RI WKH (XURSHDQ 3DUOLDPHQW DQG RI WKH &RXQFLO RI 1RYHPEHU RQ SD\PHQW VHUⴀ YLFHV LQ WKH LQWHUQDO PDUNHW DPHQGLQJ 'LUHFWLYHV (& (& (& DQG (& DQG UHSHDOLQJ 'LUHFWLY H
(& PXVW EH LQWHUSUHWHG WR WKH HIIHFW WKDW WKH QRWLRQ RI ¶SD\PHQW VHUYLFHV· IRU WKH SXUSRVHV RI WKDW SURYLVLRQ LQFOXGHV WK H H[HFXWLRQ RI GLUHFW GHELWV LQLWLDWHG E\ WKH SD\HH RQ D SD\PHQW DFFRXQW RI ZKLFK LW LV QRW WKH KROGHU ZKHUH WKH KROGHU RI WK H DFFRXQW WKXV GHELWHG GRHV QRW FRQVHQW WR WKRVH GLUHFW GHELWV
$UWLFOH RI 'LUHFWLYH PXVW EH LQWHUSUHWHG WR WKH HIIHFW WKDW WKH QRWLRQ RI ¶SD\PHQW VHUYLFH XVHU· IRU WKH SXUSRVHV R I WKDW DUWLFOH LQFOXGHV WKH KROGHU RI D SD\PHQW DFFRXQW RQ ZKLFK GLUHFW GHELWV ZHUH H[HFXWHG ZLWKRXW LWV FRQVHQW
2- &
-XGJPHQW RI WKH &RXUW 6L[WK &KDPEHU RI $SULO UHTXHVW IRU D SUHOLPLQDU\ UXOLQJ IURP WKH -X]JDGR
GH OR 0HUFDQWLO 1R GH *HURQD ³ 6SDLQ ³ =; Y 5\DQDLU '$&
&DVH &
5HIHUHQFH IRU D SUHOLPLQDU\ UXOLQJ ³ -XGLFLDO FRRSHUDWLRQ LQ FLYLO PDWWHUV ³ 5HJXODWLRQ (8 1R ³
'HWHUPLQDWLRQ RI WKH FRXUW KDYLQJ MXULVGLFWLRQ WR KHDU DQ DSSOLFDWLRQ IRU FRPSHQVDWLRQ LQ UHVSHFW RI D GHOD\HG
IOLJKW ³ $UWLFOH ³ 2SHUDWLRQV RI D EUDQFK ³ $UWLFOH ³ ,PSOLHG SURURJDWLRQ ³ 5HTXLUHPHQW WKDW WKH GHIHQGDQW HQWHU DQ DSSHDUDQFH
&
/DQJXDJH RI WKH FDVH 6SDQLVK
5HIHUULQJ FRXUW
-X]JDGR GH OR 0HUFDQWLO 1R GH *HURQD 3DUWLHV WR WKH PDLQ SURFHHGLQJV
$SSOLFDQW =; 'HIHQGDQW 5\DQDLU '$&