$VLI7XIDO

,//(*$/,7<

,1752'8&7,21

:$51,1* ,OOHJDOLW\ LV WKH PRVW FRQIXVLQJ DUHD ZLWKLQ WKH ODZ RI FRQWUDFW
SULPDULO\EHFDXVHLWODFNVVWUXFWXUH)RUH[DPSOHWKH,/([&RXUVHERRNVWDWHV
WKDW ³$XWKRUV KDYH DOZD\V KDG WURXEOH LQ FODVVLI\LQJ WKH VHSDUDWH KHDGV RI
LOOHJDOLW\´DWDQGRQWKHHIIHFWVRILOOHJDOLW\WKDW³7KHODZRQWKLVDUHDLV
FRPSOHWHO\XQVDWLVIDFWRU\DQGIXOORIFRQWUDGLFWLRQV´DW

&2175$&765(1'(5(',//(*$/%<67$787(257+(&20021/$:

$ FRQWUDFWPD\ EH H[SUHVVO\ IRUELGGHQE\ DVWDWXWRU\ SURYLVLRQ 6HH EHORZ

IRUH[DPSOHV

&HUWDLQ FRQWUDFWV DUH UHJDUGHG DV LOOHJDO DW FRPPRQ ODZ RQ WKH JURXQG WKDW
WKH\ZRXOGEHKDUPIXOWRVRFLHW\DQGWKHUHIRUHFRQWUDU\WRSXEOLFSROLF\6XFK
FRQWUDFWVDUHDVIROORZV

 &2175$&7672&200,7$&5,0(25&,9,/:521*

,IDFRQWUDFWKDVDVLWVREMHFWWKHGHOLEHUDWHFRPPLVVLRQRIDFULPHWKHQLWLV
LOOHJDODQGWKHFRXUWVZLOOQRWHQIRUFHLW

,I WKH FRQWUDFW LV WR GHOLEHUDWHO\ FRPPLW D FLYLO ZURQJ LW LV LOOHJDO DQG
XQHQIRUFHDEOH  +RZHYHU LI WKH SDUWLHV DUH LJQRUDQW RI WKH IDFW WKDW E\ WKH
FRQWUDFWWKH\DUHFRPPLWWLQJDFLYLOZURQJWKHQLWLVQRWLOOHJDO,IRQHRIWKH
SDUWLHVWRWKHFRQWUDFWNQRZVWKDWWKHFRQWUDFWLVLOOHJDOWKHQRQO\WKHLQQRFHQW
SDUW\LVHQWLWOHGWRUHO\RQWKHFRQWUDFW&OD\Y<DWHV >@+ 1

 &2175$&767(1',1*72/($'72&255837,21
,138%/,&/,)(

$FRQWUDFWIRUWKHDFTXLVLWLRQRIDWLWOHRIKRQRXURUIRUWKHVDOHRISXEOLFRIILFH
ZLOOEHLOOHJDO3DUNLQVRQY&ROOHJHRI$PEXODQFH>@.%

 &2175$&76352027,1*6(;8$/,0025$/,7<

$ FRQWUDFW ZKLFK GLUHFWO\ RU LQGLUHFWO\ SURPRWHV VH[XDO LPPRUDOLW\ LV LOOHJDO
)RUH[DPSOHWKHKLUHRIDFDUULDJHWRDNQRZQSURVWLWXWHVRWKDWVKHFRXOGSO\
KHUWUDGHPRUHHIIHFWLYHO\ZDVFRQVLGHUHGLOOHJDOXQOHVVWKHKLUHUZDVLJQRUDQW
RIWKHLQWHQGHGXVHLQ3HDUFHY%URRNV >@/5([

 &2175$&7635(-8',&,$/727+($'0,1,675$7,21
2)-867,&(

$FRQWUDFWWHQGLQJWRDIIHFWWKHDGPLQLVWUDWLRQRIMXVWLFHLVLOOHJDODQGYRLG)RU
H[DPSOHDQDJUHHPHQWQRWWRDSSHDUDWWKHSXEOLFH[DPLQDWLRQRIDEDQNUXSW
QRUWRRSSRVHKLVGLVFKDUJH

 &2175$&7635(-8',&,$/7238%/,&6$)(7<

8QGHU WKH 7UDGLQJ ZLWK WKH (QHP\ $FW  LW LV DQ RIIHQFH WR WUDGH RU
DWWHPSWWRWUDGHZLWKWKHHQHP\6XFKFRQWUDFWVDUHWKHUHIRUHLOOHJDO

:KHUHDFRQWUDFWKDVDVLWVREMHFWWKHGRLQJRIDQDFWZKLFKLVLOOHJDOE\WKH
ODZRIDIULHQGO\IRUHLJQFRXQWU\LWLVLOOHJDODQGYRLG)RVWHUY'ULVFROO >@
.%


ZZZODZWHDFKHUFRXN
$VLI7XIDO

 27+(5&2175$&76

7KHUHDUHPDQ\RWKHUH[DPSOHVRIFRQWUDFWVZKLFKZRXOGRIIHQGSXEOLFSROLF\
VXFKDVXQGXO\UHVWULFWLQJSHUVRQDOOLEHUW\+RUZRRGY0LOODU
V7LPEHU >@
.%DQGFRQWUDFWVWRGHIUDXGWKH,QODQG5HYHQXH0LOOHUY.DUOLQVNL 
7/5

 81/$:)8/0$11(52)3(5)250$1&(

$ FRQWUDFW PD\ EH ODZIXOLQ LWV IRUPDWLRQ EXW SHUIRUPHG E\ WKH SDUWLHV LQ DQ
LOOHJDOPDQQHU6XFKDFRQWUDFWZLOOEHFRPHXQODZIXO7ZRFRQWUDVWLQJFDVHV
DUH $QGHUVRQ Y 'DQLHO >@  .%  DQG $UFKEROGV )UHLWDJH /WG Y
6SDQJOHWW/WG >@$OO(5

7KH WHVW IRU GHWHUPLQLQJ WKH OHJDOLW\ RU LOOHJDOLW\ RI D FRQWUDFW WKDW ZRXOG
RWKHUZLVHEHODZIXOEXWIRUWKHIDFWWKDWLWVSHUIRUPDQFHLQYROYHGDEUHDFKRID
VWDWXWHZDVODLGGRZQLQ6W-RKQ
V6KLSSLQJ&RUSY5DQN/WG>@$OO(5
LHGLGWKHVWDWXWHLQWHQGWRSHQDOLVHRQO\FRQGXFWRUGLGLWLQWHQGDOVRWR
SURKLELWWKHFRQWUDFWLWVHOI"

&2175$&765(1'(5('92,'21*5281'62)38%/,&32/,&<

&HUWDLQFRQWUDFWVDUHH[SUHVVO\GHFODUHGWREHYRLGE\VWDWXWH)RUH[DPSOH
ZDJHULQJFRQWUDFWVDUHUHQGHUHGYRLGE\WKH*DPLQJ$FW

&HUWDLQFRQWUDFWVDUHYRLGDWFRPPRQODZRQWKHJURXQGVRISXEOLFSROLF\

 &2175$&76:+,&+28677+(-85,6',&7,21
2)7+(&28576

$Q\FRQWUDFWZKLFKDWWHPSWVWRGHSULYHWKHFRXUWVRIDMXULVGLFWLRQZKLFKWKH\
RWKHUZLVH ZRXOG KDYH LV YRLG  )RU H[DPSOH WKH +RXVH RI /RUGV GHFLGHG LQ
+\PDQY+\PDQ >@$&WKDWDZLIHFRXOGQRWYDOLGO\FRQWUDFWZLWKKHU
KXVEDQGQRWWRDSSO\IRUPDLQWHQDQFHRQDGLYRUFHDQGWKDWDFRQWUDFWRIWKDW
NLQGGLGQRWSUHYHQWKHUIURPDSSO\LQJ

 &2175$&7635(-8',&,$/727+(67$7862)0$55,$*(

$FRQWUDFWZKLFKDWWHPSWVWRUHVWUDLQRUSUHYHQWDSDUW\IURPPDUU\LQJLVYRLG
DQGDJDLQVWSXEOLFSROLF\/RZHY3HHUV %XUU

0DUULDJH EURNHUDJH FRQWUDFWV DJUHHPHQWV WR SURFXUH WKH PDUULDJH EHWZHHQ

WZR SDUWLHV DUH DJDLQVW SXEOLF SROLF\ DQG YRLG +HUPDQQ Y &KDUOHVZRUWK
>@.%:KDWLVWKHVWDWXVRIFRQWUDFWVEHWZHHQPDUULDJHEXUHDX[
DQGWKHLUFOLHQWV"

 &2175$&76,15(675$,172)75$'(

$OO FRYHQDQWV LQ UHVWUDLQW RI WUDGH DUH SULPD IDFLH YRLG DQG XQHQIRUFHDEOH DW
FRPPRQ ODZ  7KH\ RQO\ EHFRPH HQIRUFHDEOH LI WKH\ DUH VKRZQ WR EH
UHDVRQDEOHDVEHWZHHQWKHSDUWLHVDQGWREHLQWKHSXEOLFLQWHUHVW1RUGHQIHOW
Y0D[LP1RUGHQIHOW*XQV $PPXQLWLRQ&R >@

0DQ\ HPSOR\PHQW FRQWUDFWV FRQWDLQ FODXVHV UHVWULFWLQJ HPSOR\HHV

 DFWLYLWLHV
GXULQJWKHFRXUVHRIHPSOR\PHQWDQGDIWHULWVWHUPLQDWLRQ5HVWUDLQWFODXVHV
DOVR DSSHDU LQ FRPPHUFLDO GHDOLQJV EHWZHHQ EXVLQHVVHV VXFK DV ZKHUH WKH
SXUFKDVHURIDEXVLQHVVZLVKHVWRSURWHFWLWVJRRGZLOO

6HHVHSDUDWH +DQGRXW


ZZZODZWHDFKHUFRXN
$VLI7XIDO

7+(&216(48(1&(62)7+(9$5,286)25062),//(*$/,7<

*+7UHLWHO7KH/DZRI&RQWUDFW WKHGLWLRQKDVFODVVLILHGWKHHIIHFWV

RILOOHJDOLW\LQWRWZRSDUWV(QIRUFHPHQWDQG5HVWLWXWLRQ

 (1)25&(0(17

7KH FRXUW ZLOO QHYHU³HQIRUFH DQ LOOHJDO FRQWUDFW LQ WKH VHQVH RI RUGHULQJ D
SDUW\ DFWXDOO\ WR GR VRPHWKLQJ WKDW LV XQODZIXO RU FRQWUDU\ WR SXEOLF SROLF\
+RZHYHULQFHUWDLQFLUFXPVWDQFHVDSDUW\PD\EHDEOHWRFODLPGDPDJHVRQ
WKHFRQWUDFW7KHODZRQWKLVTXHVWLRQLVFRPSOH[DQGQRWYHU\VDWLVIDFWRU\

$ 326,7,212)*8,/7<3$57<

$QLOOHJDOFRQWUDFWFDQQRWEHHQIRUFHGE\DJXLOW\SDUW\7KXVDSHUVRQZKR
KLUHV D KDOO WR GHOLYHU EODVSKHPRXV OHFWXUHV FDQQRW VXH IRU SRVVHVVLRQ
&RZDQ Y 0LOEXUQ  D ODQGORUG ZKR OHWV SUHPLVHV ZLWK JXLOW\ LQWHQW
FDQQRW VXH IRU UHQW $OH[DQGHU Y 5D\VRQ  DQG WKH RZQHU RI D
EURXJKDP NQRZLQJO\ OHW WR D SURVWLWXWH IRU WKH SXUSRVH RI KHU SURIHVVLRQ
FDQQRWVXHIRUKLUH3HDUFHY%URRNV

7KHVHYHULW\RIWKHUXOHWKDWDJXLOW\SDUW\FDQQRWHQIRUFHDQLOOHJDOFRQWUDFWLV
PLWLJDWHGLQWZRZD\V

L 7KH UXOH RQO\ SUHYHQWV D JXLOW\ SDUW\ IURP HQIRUFLQJWKH FRQWUDFW LW
GRHV QRW SUHYHQW KLP IURP UHFRYHULQJ GDPDJHV LQ WRUW ZKHUH WKH
RWKHU SDUW\
V FRQGXFWFRQVWLWXWHV QRW PHUHO\ DEUHDFK RI WKH LOOHJDO
FRQWUDFW EXW DOVR DQ LQGHSHQGHQW WRUW  6HH6DXQGHUV Y (GZDUGV
>@:/5

LL 7KHUH LV VRPH ODWLWXGH LQ GHWHUPLQLQJ ZKR LV D ³JXLOW\´ SDUW\ ZKHUH
WKH LOOHJDOLW\ OLHV LQ WKH PHWKRG RI SHUIRUPDQFH  )RU WKH SUHVHQW
SXUSRVHVDSDUW\LVQRWJXLOW\EHFDXVHKHSHUIRUPVDFRQWUDFWLQDQ
XQODZIXOPDQQHU6HH6W-RKQ6KLSSLQJ&RUSY5DQN/WG >@
4%

:KHUH WKH LQWHQWLRQ WKDW RQH SDUW\ VKRXOG GR DQ XQODZIXO RU LPPRUDO DFW
H[LVWVDWWKHWLPHRIFRQWUDFWLQJHYHQWKHRWKHU SDUW\PD\EHXQDEOHWRVXH
RQWKHFRQWUDFW6HH$VKPRUH &RY'DZVRQ/WG >@:/5

% 326,7,212),112&(173$57<

)RUWKHSUHVHQWSXUSRVHDSHUVRQPD\EH³LQQRFHQW´EHFDXVHKHLVPLVWDNHQ
RULJQRUDQWDERXWHLWKHUWKHODZRUWKHIDFWV

L ,JQRUDQFH RU PLVWDNH RI ODZ GRHV QRW LQ JHQHUDO JLYH D SDUW\ WKH
ULJKWWRHQIRUFHDFRQWUDFWZKLFKLVDIIHFWHGE\LOOHJDOLW\

LL $ SDUW\ PD\ EH LQQRFHQW LQ WKH VHQVH RI EHLQJ XQDZDUH RI RU
PLVWDNHQDERXWWKHIDFWVZKLFKJLYHULVHWRWKHLOOHJDOLW\7KHULJKW
RI VXFK D SDUW\ WR HQIRUFH WKH FRQWUDFW KDV EHHQ XSKHOG LQ VRPH
FDVHV EXW GHQLHG LQ RWKHUV HYHQ ZKHUH LW KDV EHHQ GHQLHG RWKHU
UHPHGLHVPD\EHDYDLODEOHWRWKHLQQRFHQWSDUW\

&DVHV XSKROGLQJ WKH LQQRFHQW SDUW\

V FODLP LQFOXGH %OR[VRPH Y :LOOLDPV
% &DQG $UFKEROGV)UHLJKWDJH/WGY6SDQJOHWW/WG >@4%


&DVHV UHMHFWLQJ WKH LQQRFHQW SDUW\

V FODLP LQFOXGH WKH OHDGLQJ FDVH RI5H
0DKPRXGDQG,VSDKDQL >@.%

LLL 7KH LQQRFHQW SDUW\ PD\ KDYH WKUHH RWKHU UHPHGLHV  )LUVW WKH
LQQRFHQW SDUW\ PD\ EH DEOH WR UHFRYHU GDPDJHV IRU EUHDFK RI
³FROODWHUDOZDUUDQW\´6HH6WURQJPDQY6LQFRFN >@6HFRQGO\
WKH LQQRFHQW SDUW\ PD\ EH DEOH WR UHFRYHU GDPDJHV IRU
PLVUHSUHVHQWDWLRQ  6HH 6KHOOH\ Y 3DGGRFN >@  7KLUGO\


ZZZODZWHDFKHUFRXN
$VLI7XIDO

LQQRFHQFH PD\ EH PDWHULDO LQ DQ DFWLRQ IRU WKH UHFRYHU\ RI PRQH\
SDLGRUSURSHUW\WUDQVIHUUHGXQGHUDQLOOHJDOFRQWUDFW

 5(67,787,21

$SHUVRQZKRFDQQRWHQIRUFHDQLOOHJDOFRQWUDFWPD\LQVWHDGFODLPUHVWLWXWLRQ
LQ UHVSHFW RI PRQH\ SDLG SURSHUW\ WUDQVIHUUHG RU VHUYLFHV UHQGHUHG E\ KLP
XQGHUWKHFRQWUDFW

7KH JHQHUDO UXOH LV WKDW PRQH\ SDLG RU SURSHUW\ WUDQVIHUUHG XQGHU DQ LOOHJDO
FRQWUDFWFDQQRWEHUHFRYHUHGEDFNIRUH[DPSOHVHH3DUNLQVRQY&ROOHJHRI
$PEXODQFH 

,QSUDFWLFHKRZHYHUWKHJHQHUDOUXOHLVVXEMHFWWRPDQ\H[FHSWLRQV

$ &/$663527(&7,1*67$787(6

,IDFRQWUDFWLVPDGHLOOHJDOE\DVWDWXWHSDVVHGIRUWKHSURWHFWLRQRIDFODVVRI
SHUVRQV D PHPEHU RI WKDW FODVV FDQ UHFRYHU EDFN PRQH\ SDLG RU SURSHUW\
WUDQVIHUUHGE\KLPXQGHUWKHFRQWUDFW6RPHVWDWXWHVH[SUHVVO\SURYLGHWKDWD
PHPEHURIDSURWHFWHGFODVVVKDOOEHHQWLWOHGWRUHFRYHUEDFNPRQH\SDLGRU
SURSHUW\WUDQVIHUUHGXQGHUDQLOOHJDOFRQWUDFW

)RUH[DPSOHXQGHUVRIWKH5HQW$FWWKHSD\PHQWRIDSUHPLXPLQ
FRQVLGHUDWLRQ RI EHLQJ JUDQWHG D WHQDQF\ LV LOOHJDO DQG DQ RIIHQFH DQG LV
H[SUHVVO\VWDWHGWREHUHFRYHUDEOHE\WKHSD\LQJSDUW\WKDWLVWKHWHQDQW

% 2335(66,21

$ SHUVRQ FDQ UHFRYHU EDFN PRQH\ SDLG RU SURSHUW\ WUDQVIHUUHG XQGHU DQ
LOOHJDO FRQWUDFW LI KH ZDV IRUFHG E\ WKH RWKHU SDUW\ WR HQWHU LQWR WKHFRQWUDFW
³2SSUHVVLRQ´LVKHUHXVHGLQDVRPHZKDWEURDGVHQVH6HH

$WNLQVRQY'HQE\ + 1

& 0,65(35(6(17$7,21

$ SHUVRQ FDQ UHFRYHU EDFN PRQH\ SDLG RU SURSHUW\ WUDQVIHUUHG XQGHU DQ
LOOHJDO FRQWUDFW LI KH HQWHUHG LQWR WKH FRQWUDFW DV D UHVXOW RI WKH RWKHU SDUW\
V
IUDXGXOHQWPLVUHSUHVHQWDWLRQWKDWWKHFRQWUDFWZDVODZIXO6HH

+XJKHVY/LYHUSRRO9LFWRULD/HJDO)ULHQGO\6RFLHW\ >@.%

' 0,67$.(

0LVWDNH RI IDFW FDQ EH D JURXQG IRU UHFRYHU\ RI PRQH\ RU SURSHUW\ HYHQ
ZKHUHLWGRHVQRWJLYHWKHPLVWDNHQSDUW\WKHULJKWWRHQIRUFHWKHFRQWUDFW)RU
H[DPSOHVHH

2RPY%UXFH (DVW

1RWH 6RPHZULWHUVVWDWHWKDWZKHUHDSDUW\LVLQGXFHGLQWRDQLOOHJDOFRQWUDFW
E\VRPHRSSUHVVLYHFRQGXFWIUDXGRUPLVWDNHWKHQLWLVFOHDUWKDWWKHSDUWLHV
DUH QRW LQSDUL GHOLFWR HTXDOO\ ZURQJ DQG LQ VXFK FLUFXPVWDQFHV WKH FRXUWV
ZLOODOORZUHVWLWXWLRQ

( 5(38',$7,212),//(*$/385326(

$SHUVRQPD\EHDEOHWRUHFODLPPRQH\SDLGRUSURSHUW\WUDQVIHUUHGXQGHUDQ
LOOHJDO FRQWUDFW LI KH UHSXGLDWHV WKH LOOHJDO SXUSRVH LQ WLPH  7ZR FRQGLWLRQV
PXVWEHVDWLVILHGWREULQJWKHUXOHLQWRRSHUDWLRQ


ZZZODZWHDFKHUFRXN
$VLI7XIDO

L 5HSXGLDWLRQLQWLPH
$ SDUW\ ZKR UHSXGLDWHV EHIRUH DQ\WKLQJ KDV EHHQ GRQHWR SHUIRUP
WKH LOOHJDO SXUSRVH FDQ UHFRYHU EDFN KLV PRQH\ RU SURSHUW\ ZKLOH
RQH ZKR UHSXGLDWHV DIWHU WKH LOOHJDO SXUSRVH KDV EHHQ IXOO\ FDUULHG
RXWFDQQRWUHFRYHU7ZRFDVHVPD\EHFRQWUDVWHGRQWKLVSRLQW

7D\ORUY%RZHUV 4%'

.HDUOH\Y7KRPVRQ 4%'

LL 9ROXQWDU\UHSXGLDWLRQ
5HSXGLDWLRQ PXVW EH YROXQWDU\ LW PXVW QRW EH IRUFHG RQ WKH SDUW\
FODLPLQJ UHFRYHU\ E\ WKH LQWHUYHQWLRQ RI WKH SROLFH RU RI D WKLUG
SHUVRQRUE\WKHRWKHUSDUW\
VEUHDFKRIFRQWUDFWDVLQ

%LJRVY %RXVWHG >@$OO(5

) 125(/,$1&(21,//(*$/75$16$&7,21

$ SHUVRQ PD\ EH DEOH WR UHFRYHU PRQH\ RU SURSHUW\ ZKLFK KDV EHHQ
WUDQVIHUUHG XQGHU DQ LOOHJDO FRQWUDFW LI KH FDQ HVWDEOLVK KLV ULJKW WR WLWOH WR LW
ZLWKRXWUHO\LQJRQWKHFRQWUDFWRU RQLWVLOOHJDOLW\)RUH[DPSOHVHH

%RZPDNHUV/WGY%DUQHW,QVWUXPHQWV/WG >@$OO(5
7LQVOH\Y0LOOLJDQ >@:/5

7+(58/(62)6(9(5$1&(

6HYHUDQFHLQYROYHVWKHFRXUWLQUHPRYLQJWKHREMHFWLRQDEOHSDUWVRIDFRQWUDFW
ZKLOVWHQIRUFLQJWKHUHPDLQGHU7KLVSRZHUPD\EHH[HUFLVHGLQWKHFDVHRI
YRLGFRQWUDFWVDQGSRVVLEO\LOOHJDOFRQWUDFWV7KLVSRZHULVVHOGRPXVHGE\
WKH FRXUWV DV LW LV WDQWDPRXQW WR FRQGRQLQJ XQODZIXO DFWLYLWLHV DOWKRXJK
FRQWUDFWVLQUHVWUDLQWRIWUDGHSURYLGHDPDUNHGH[FHSWLRQWRWKLVSROLF\

6HYHUDQFH RI D FODXVH ZLOO RQO\ EH DOORZHG LI WKH FODXVH IRUPV D VXEVLGLDU\
UDWKHUWKDQDVXEVWDQWLDOSDUWRIWKHFRQWUDFWRWKHUZLVHWKHFRQWUDFWEHFRPHV
WRWDOO\XQHQIRUFHDEOH6HH

%HQQHWWY%HQQHWW >@$OO (5

*RRGLQVRQY*RRGLQVRQ >@$OO(5

$OWHUQDWLYHO\ LW PD\ EH SRVVLEOH WR VHYHU VSHFLILF SDUWV RI D FODXVH E\
HPSOR\LQJWKH³EOXHSHQFLO´WHVW7KLVWHVWSURYLGHVWKDWWKHREMHFWLRQDEOHSDUW
RIDFODXVHZLOORQO\EHVHYHUHGLILWOHDYHVWKHUHPDLQGHULQDJUDPPDWLFDOO\
FRUUHFW DQG XQGHUVWDQGDEOH IRUP  7KH FRXUWV DUH QRW DOORZHG WR UHGUDIW
FODXVHV6HH

0DVRQY3URYLGHQW&ORWKLQJ >@$&
*ROGVROOY*ROGPDQ >@&K

7KHRQO\SUHFRQGLWLRQLVWKDWWKHFODXVHLWVHOIPXVWEH GLYLVLEOHLQQDWXUHWKDW
LV WKH FODXVH PXVW QRW EH D VLQJOH FRYHQDQW EXW LQ HIIHFW D FRPELQDWLRQ RI
VHYHUDOGLVWLQFWFRYHQDQWV2WKHUZLVHVHYHUDQFHZLOOQRWEHDOORZHGDVLWZLOO
FKDQJHWKHQDWXUHRIWKHFRQWUDFW6HH

$WWZRRGY/DPRQW >@.%


ZZZODZWHDFKHUFRXN