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China Life Insurance Co., Ltd. 2017 First Extraordinary General Shareholders’
Meeting Agenda Handbook Table of Contents
Page Procedure for the 2017 First Extraordinary General Shareholders’ Meeting------------ 1
Report Items
The status of private placement of securities ------------------------------------------------- 2
Discussion
The Company plans to offer NT$1 for acquiring the traditional policies and riders
from the spinoff of Allianz Taiwan Life-------------------------------------------------------
3
Election
To elect succeeding directors ------------------------------------------------------------------- 5
Other Matter
Release of restrictions on competitive activities of the Company’s Directors------------ 7
Motions--------------------------------------------------------------------------------------------------- 8
Shareholdings of the Board of Directors---------------------------------------------------------- 9
Attachment
I. The fairness opinion from the certified public accounts on the price for the
acquisition of traditional insurance policies from the spinoff of Allianz Taiwan
Life-----------------------------------------------------------------------------------------------
10
II. The Sale and Purchase Agreement, Spin-off Plan and Service Agreement------------ 11
III. The review result of the Audit Committee (Special Committee)----------------------- 41
Appendix
I. Rules of Procedure for Shareholders Meetings--------------------------------------------- 42
II. Articles of Incorporation --------------------------------------------------------------------- 50
III. The Procedures for the Election of Directors--------------------------------------------- 57
1
China Life Insurance Co., Ltd.
Procedure for the 2017 First Extraordinary General
Shareholders’ Meeting
I. Announcement for the meeting in session
II. The opening address of the chairman
III. Report Items
IV. Discussion
V. Election
VI. Other Matter
VII. Motions
VIII. Meeting adjourned
2
Report Item
Proposed by the Board Agenda: The status of private placement of securities
Explanation:
I. Action has been taken in accordance with the “Directions for Public
Companies Conducting Private Placements of Securities”.
II. Pursuant to Article 43-6 of the “Securities and Exchange Act”, private
placements of securities may be carried out within one year of the date of the
resolution of the shareholders’ meeting. The General Meeting of shareholders
of the Company has approved the capital raising plan in Annual General
Shareholders’ Meeting dated May 26, 2017. This plan includes the raising of
capital by private placement of new common shares that can be conducted
once within a year after the resolution at the General Meeting of shareholders.
In consideration of our strategic development and the market situation at the
time of raising new capital, the Company did not proceed to offer shares
through private placement after the Annual General Shareholders’ Meeting .
III. This proposal has been approved by the 11th meeting of the 20
th Board of
Directors.
3
Discussion
Proposed by the Board
Agenda: The Company plans to offer NT$1 for acquiring the traditional policies
and riders from the spinoff of Allianz Taiwan Life. Approval is
respectfully requested.
Explanation:
I. Allianz Taiwan Life Insurance Co, a subsidiary of German insurer Allianz
SE, intends to sell approximately 78,000 traditional policies with a
guaranteed interest rate of 4% or higher and approximately 169,000 riders to
the Company, and transfer approximately 44,000 policyholders. The
Company plans to pay a symbolic amount of NT$1 for this transaction. As
per the financial figures of Allianz Taiwan Life as of 31 December 2016, the
Company can assume corresponding assets of NT$49.8 billion in total,
including the statutory reserves of NT$27.6 billion and NT$22.2 billion
additional amount. The actual amount of the transaction will be subject to
the valuation of statutory reserve on the completion date plus the NT$22.2
billion additional amount. The transferred assets from this transaction will
mainly be cash (NTD), policy loans, and related receivables from the
policies.
II. The Company expects that the acquisition of the aforementioned policies can
enlarge the scale of operations and increase the number of clients with the
opportunity of remarketing. The cost of those policies is approximately 3.3%,
the Company estimates it can make profits from the portfolio as long as its
investment return achieve 3% or higher.
III. The fairness opinion on the price for the acquisition of traditional insurance
policies from the spinoff of Allianz Taiwan Life, issued by CPA George
Chou from BDO Taiwan, is exhibited in Attachment I. The Company also
engages Lexcel Partners to provide the legal consultation and assistance in
the review and negotiation of the agreement.
IV. The Sale and Purchase Agreement, the Spin-off Plan and the Service
Agreement binding the Company and Allianz Taiwan Life are exhibited in
Attachment II for reference.
V. It is proposed that the Chairman or a designated representative shall be
4
authorized with the full power of attorney in handling the matters of any
addition and amendment to, negotiation and signing of the Sale and Purchase
Agreement, Spin-off plan, and Service Agreement and related issues.
VI. The proposal has been approved by the 9th
meeting of the 3rd
Audit
Committee (Special Committee) and the 10th meeting of the 20
th Board of
Directors. The review result of the Audit Committee (Special Committee) is
exhibited in Attachment III. Approval is respectfully requested.
(Please refer to page 10~41)
Resolved:
5
Election
Proposed by the Board
Agenda: To elect succeeding directors
Explanation:
I. The Company’s corporate directors, “VIDEOLAND Inc.” and its
representative Yu-Ling Kuo and “Lan Wan Investment Corporation” and
its representatives Tony T.M. Hsu and Roy Meng, had resigned from the
board of directors on October 31, 2017. The Company called for an
extraordinary general shareholders’ meeting within 60 days thereafter for
the election of succeeding Directors to fill the 3 vacancies pursuant to
Article 201 of the Company Act.
II. Pursuant to Article 19 of the Company’s Articles of Incorporation, the
Company employs the nomination system for election of directors,
whereby the shareholders elect candidates from the candidate list. The
succeeding directors shall serve the remaining term from December 8,
2017 to May 25, 2020.
III. The list of director candidates has been reviewed and approved by the 11th
meeting of the 20th board of directors. Please refer to page 6 for the list of
candidates.
IV. We hereby propose for election.
6
China Life Insurance Co., Ltd. Candidates for Directors
# Name Gender Education/Experience/Current
Position
Holding
Shares
Representative
1 Alan Wang
Male Education: Master of Science in Management and Administrative Sciences, University of Texas at Dallas Current Position: Chairman & CEO of China Life Experience: 1. Chairman & CEO of China
Life 2. President of China Life
959,200,000
China
Development
Financial
Holding
Corporation
2 Yu-Ling, Kuo
Female Education: Master in Finance, National Taiwan University Current Position: 1. President of China Life 2. Director of CCB Life Experience: 1. Director of China Life 2. President of China Life
959,200,000
China
Development
Financial
Holding
Corporation
3 Hui-Chi, Shih
Female Education: Master of Accounting, National Taiwan University Current Position: Executive Vice President, China Development Financial Corporation Experience: 1. Senior Vice President, China
Development Financial Corporation
2. Manager, Shin Kong Bank 3. Deloitte & Touche
959,200,000
China
Development
Financial
Holding
Corporation
7
Other Matter
Proposed by the Board
Agenda: Release of restrictions on competitive activities of the Company’s
Directors. Approval is respectfully requested.
Explanation:
I. According to Article 209 of the Company Act, “A director who does
anything for himself or on behalf of another person that is within the scope
of the company’s business, shall explain to the meeting of shareholders the
essential contents of such an act and secure its approval.”
II. The Company has acquired 19.9% equity shares of CCB Life Insurance
Co., Ltd. (hereinafter referred to as “CCB Life”) in June, 2011. In order to
assist CCB’s business development and maintain its leading position in
Mainland China’s insurance industry, the Company has assigned our
directors to be the directors or related positions of CCB Life. Therefore,
with the provision that the release shall not impair the Company’s interests,
it is proposed to release the director, who is assigned to be the director or
related positions of CCB Life in order to assist its operation, from any
non-competition restriction according to the Company Act, other relevant
laws and regulations or contracts.
III. Aforementioned Personnel :
(If any additional personnel, the information will be supplemented in the
EGM)
Name Representative Current position in the
Company
Current position in CCB Life
(Mainland China)
Yu-Ling,
Kuo
China
Development
Financial
Holding
Corporation
President, China Life Director, CCB Life
IV. This proposal has been approved by the 11th
meeting of the 20th Board of
Directors. Approval is respectfully requested.
Resolved:
8
Motions
9
Shareholdings of the Board of Directors ( As of November 9, 2017 )
Title Name Gender
Date Elected
Term
(Years)
Shareholdings
on the record date
Note Year Month day Holding
Shares
Holding
Percentage
(%)
Chairman
Alan Wang
Representative of TaI Li
Investment
Male 106
5 26 3
502,057 0.01%
Director Stephanie Hwang
Representative of Tai Li
Investment
Female
Director Lauren Hsien
Representatives of
EVER-RICH Co., Ltd.
Female 106 5 26 3
137,165 0.00%
Independent
Director
Louis T. Kung Male 106 5 26 3 0 0
Independent
Director
Wei-Ta Pan Male 106 5 26 3 0 0
Independent
Director
Wen-Yen Hsu Male 106 5 26 3 0 0
Total 639,222 0.01%
The Board was consists of nine directors, of which three are independent directors.
The total number of legal shares should held by the directors is 90,873,561 shares.
The Company has established an Audit Committee, therefore the minimum shareholding requirement for the
supervisors is not applicable.
10
Attachment I
China Life Insurance Co, Ltd.
Supplementary fairness opinion
of the price for the acquisition of traditional insurance polices
from the spinoff of Allianz Taiwan Life
English Translation of a Report Originally Issued in Chinese
To: The Board of Directors of China Life,
I issued an Fairness Opinion of the price offered by China Life Insurance
Co., Ltd. (hereinafter referred to as “China Life”/”the Acquirer”) for the
acquisition of a portion of the traditional insurance policies (hereinafter referred
to as “ transferred policies/the subject of valuation“) from Allianz Taiwan Life
(hereinafter referred to as “Allianz”) to the engagement of your Company
(hereinafter referred to as the of “Fairness Opinion”) on the basis of the
assessment completed on August 11, 2017. As stated in the Fairness Opinion,
the reference price to the rational acquisition of the aforementioned insurance
policies fall within the range from NT$-46,296 million to NT$-50,832 million.
The Board plans to offer NT$1 to acquire the transferred policies and assume
corresponding assets of NT$49.8 billion in total, including the statutory reserves
of NT$27.6 billion and NT$22.2 billion additional amount as per the financial
figures of Allianz as of 31 December 2016.
In my opinion, the aforementioned offer of the Board for the acquisition is
conformity with the referable price range of our Fairness Opinion, and hold that
the consideration for the acquisition is rational and appropriate.
BDO Taiwan
Certified Public Accountants
Taipei, Taiwan, R.O.C.
11 October 2017
EXECUTION VERSION
(
Th
e e
xtra
ct o
f En
glis
h d
ocu
me
nts
is fo
r re
fere
nce
on
ly)
RE
ST
RIC
TE
D
DA
TE
D 1
9 O
CT
OB
ER
201
7
ALL
IAN
Z T
AIW
AN
LIF
E
INS
UR
AN
CE
CO
. LT
D.
AS
SE
LLE
R
AN
D
CH
INA
LIF
E IN
SU
RA
NC
E C
O.,
LTD
. A
S P
UR
CH
AS
ER
A
GR
EE
ME
NT
FO
R T
HE
S
ALE
AN
D P
UR
CH
AS
E O
F T
HE
T
RA
DIT
ION
AL
LIF
E IN
SU
RA
NC
E A
SS
ET
S A
ND
LI
AB
ILIT
IES
OF
ALL
IAN
Z T
AIW
AN
LIF
E
INS
UR
AN
CE
CO
. LT
D.
(T
he
ext
ract
of E
ng
lish
do
cum
en
ts is
for
refe
ren
ce o
nly
)
RE
ST
RIC
TE
D
1
TH
IS A
GR
EE
ME
NT
is
mad
e on
19
Oct
ober
201
7
BE
TW
EE
N:
(1)
ALL
IAN
Z T
AIW
AN
LIF
E I
NS
UR
AN
CE
CO
. LT
D.
, a
com
pa
ny
limite
d b
y sh
are
s in
corp
ora
ted
in a
ccor
danc
e w
ith t
he
law
s o
f R
.O.C
. w
ith r
egis
tra
tion
nu
mb
er
892
835
91
an
d re
gis
tere
d of
fice
is a
t 5
th F
l., N
o. 1
00,
Sec
tion
5,
Xin
Yi
Roa
d, X
inY
i Dis
tric
t, Ta
ipei
, Tai
wa
n ("S
elle
r"); a
nd
(2)
CH
INA
LI
FE
IN
SU
RA
NC
E
CO
., LT
D.
, a
co
mp
any
limite
d b
y sh
are
s in
corp
ora
ted
in a
ccor
danc
e w
ith t
he l
aw
s of
R.O
.C.
with
reg
istr
atio
n nu
mb
er
034
340
16
and
reg
iste
red
offi
ce i
s a
t 5
th F
l., N
o. 1
22
, D
unh
ua N
. R
oad
, S
ong
Sh
an D
istr
ict,
Tai
pei
, Ta
iwa
n ("Pur
chas
er")
.
each
, a
"Par
ty"
and
tog
ethe
r, t
he "Par
ties"
.
TH
E P
AR
TIE
S A
GR
EE
as
follo
ws:
1.
INT
ER
PR
ETA
TIO
N
1.1
In
this
Agr
eem
ent:
"Agr
eed
Acc
ount
ing
Prin
cipl
es"
mea
ns
the
Taiw
ane
se G
AA
P;
"App
oint
men
t Not
ice"
has
the
mea
nin
g gi
ven
to it
in s
ub-
cla
use
7.2
.4;
"Ass
ets"
mea
ns
ass
ets
of th
e B
usin
ess
set o
ut i
n P
art B
of
Sch
edul
e 1;
"Ass
ocia
tion"
has
the
me
ani
ng g
iven
to it
in C
laus
e 2
4.2
;
"Aw
ard
" ha
s th
e m
eani
ng
give
n to
it in
Cla
use
24.5
;
"Bus
ines
s" m
ean
s th
e le
ga
cy tr
adi
tiona
l life
insu
ranc
e b
usin
ess
of th
e S
elle
r se
t fo
rth
in P
art A
of S
ched
ule
1 a
s co
nduc
ted
by
Lega
cy T
radi
tiona
l Bus
ines
s U
nit
("傳統保單事業一部
") o
f th
e S
elle
r a
s a
n in
depe
nden
tly o
pe
rate
d b
usin
ess
as
at
the
Effe
ctiv
e T
ime
(or,
whe
re t
he
cont
ext
othe
rwis
e re
qui
res,
oth
er r
elev
an
t tim
e) in
the
R.O
.C.;
"Bus
ines
s A
sset
s" m
eans
th
e B
usin
ess,
A
sset
s a
nd
Liab
ilitie
s,
excl
udin
g E
xclu
ded
Liab
ilitie
s;
"Bus
ines
s D
ay"
mea
ns a
ny
day
(oth
er t
han
a S
atu
rda
y or
Su
nda
y o
r p
ublic
h
olid
ay)
on
whi
ch b
ank
s in
th
e R
.O.C
. a
re o
pen
for
the
tra
nsa
ctio
n of
no
rma
l b
usin
ess;
"Bus
ines
s IT
Sys
tem
s" m
eans
the
ind
epen
dent
info
rma
tion
tech
nol
ogy
syst
em
s u
sed
by
the
Sel
ler
for
the
Bus
ines
s w
hich
is o
r w
ill b
e se
par
ate
d b
y th
e S
elle
r fr
om
the
Sel
ler’s
oth
er IT
sys
tem
s;
"CB
C"
me
ans
the
Cen
tral
Ba
nk o
f th
e R
epub
lic o
f Chi
na (
Taiw
an)
;
"Cla
im"
has
the
mea
nin
g g
iven
to it
in p
ara
gra
ph
1.1
of S
ched
ule
7;
11
(T
he
ext
ract
of E
ng
lish
do
cum
en
ts is
for
refe
ren
ce o
nly
)
RE
ST
RIC
TE
D
2
"Com
plet
ion"
mea
ns c
omp
letio
n o
f th
e s
ale
and
pur
chas
e o
f th
e B
usin
ess
and
th
e
Ass
ets
a
nd
the
assu
mp
tion
of
th
e Li
abili
ties
in
acco
rda
nce
with
th
is
Ag
reem
ent;
"Com
plet
ion
Bal
ance
She
et" h
as th
e m
eani
ng g
iven
to
it in
sub
-cla
use
7.1
.1;
"Com
plet
ion
Dat
e" m
eans
(i)
18
Ma
y 2
018
if a
ll C
ondi
tions
are
sa
tisfie
d a
nd th
e O
bje
ctio
n P
erio
d se
t fo
rth
in C
laus
e 10
.5 h
as la
psed
bef
ore
this
dat
e; o
r
(ii)
if a
ny o
f th
e C
ondi
tions
is n
ot s
atis
fied
or th e
Ob
ject
ion
Per
iod
set
fort
h in
Cla
use
10.5
has
not
laps
ed b
efor
e 18
Ma
y 20
18, t
he
thir
d F
rida
y of
the
mo
nth
im
med
iate
ly f
ollo
win
g th
e m
onth
dur
ing
wh
ich
the
last
of
the
Con
ditio
ns to
be
satis
fied
is s
atis
fied
if th
e O
bje
ctio
n P
erio
d ha
s la
psed
bef
ore
this
Frid
ay
(or
in
case
suc
h F
rida
y is
not
a B
usin
ess
Day
the
fir
st p
rece
din
g B
usin
ess
Da
y),
or
such
oth
er d
ate
as m
ay
be
mut
ually
agr
eed
by
the
Pa
rtie
s in
writ
ing,
and
, in
ei
ther
cas
e; prov
ided
tha
t (a
) su
ch d
ate
sha
ll no
t b
e la
ter
tha
n th
e L
ong
Sto
p D
ate
, (b
) o
n su
ch d
ate
the
Sep
ara
tion
– e
xcep
t for
an
y a
ctiv
ities
to b
e p
erfo
rmed
o
n th
e C
omp
letio
n D
ate
– h
as
bee
n co
mp
lete
d,
and
(c)
on
such
da
te t
he
Sel
ler
has
com
ple
ted
th
e co
nve
rsio
n of
its
for
eign
sha
reho
lder
's f
und
s fo
r ca
pita
l in
crea
se in
to N
ew T
aiw
an
Do
llars
pur
suan
t to
the
timel
ine
agr
eed
by
the
CB
C;
"Con
ditio
ns"
has
the
me
anin
g gi
ven
to it
in C
laus
e 3
.1;
"Con
trol
ling
Inte
rest
" m
ean
s:
(a)
the
ow
ner
ship
or
cont
rol
(dir
ectly
or
indi
rect
ly)
of
mor
e t
ha
n fif
ty p
er
cen
t. (5
0%
) of
the
issu
ed
votin
g sh
are
cap
ital o
f the
rel
eva
nt u
nde
rtak
ing;
a
nd/o
r th
e a
bili
ty o
r p
ower
to
exe
rcis
e su
ch c
ontr
ol o
ver
the
rele
van
t u
nder
taki
ng,
incl
udi
ng th
rou
gh th
e u
nde
rtak
ing'
s ar
ticle
s, c
ontr
actu
al o
r o
ther
arr
ang
em
ents
; and
/or
(b)
the
abi
lity
to d
irec
t th
e ca
stin
g of
mor
e th
an f
ifty
per
cen
t. (5
0%
) of
the
is
sued
vo
ting
shar
e ca
pita
l ex
erci
sab
le
at
gen
eral
m
eetin
gs
of
the
rele
vant
und
erta
kin
gs o
n a
ll, o
r su
bsta
ntia
lly a
ll, m
atte
rs; a
nd/o
r
(c)
the
rig
ht t
o a
pp
oint
or
rem
ove
dir
ecto
rs o
f th
e re
leva
nt u
nder
taki
ng
hol
ding
a m
ajo
rity
of
the
votin
g ri
ghts
at
mee
tings
of
the
boa
rd o
f d
irect
ors
on a
ll, o
r su
bsta
ntia
lly a
ll, m
atte
rs
save
th
at i
n d
ete
rmin
ing
whe
ther
or
not
a "
Con
trol
ling
Inte
rest
" su
bsis
ts n
o a
ccou
nt s
hall
be
take
n o
f a
ny
right
or
con
trol
to
the
exte
nt
tha
t th
e e
xerc
ise
of
such
rig
ht o
r co
ntr
ol is
pro
hib
ited
by,
or
wou
ld n
ece
ssar
ily in
volv
e a
bre
ach
of,
app
lica
ble
law
, ru
les
or r
egul
atio
ns o
f a
Reg
ula
tory
Aut
hori
ty o
r a
con
trac
tua
l a
gree
men
t with
min
ority
sha
reho
lder
s or
join
t ven
ture
pa
rtn
ers;
"Dat
a M
igra
tion
" m
ean
s th
e ta
sks,
act
iviti
es,
pro
cess
es a
nd p
roce
dure
s to
be
carr
ied
out
by
the
Sel
ler
and
the
Pur
chas
er t
o s
epar
ate,
ext
ract
an
d tr
ansf
er, t
he
req
uire
d R
ecor
ds f
rom
the
Bus
ines
s IT
Sys
tem
s a
nd t
o e
nabl
e th
e P
urch
ase
r to
(T
he
ext
ract
of E
ng
lish
do
cum
en
ts is
for
refe
ren
ce o
nly
)
RE
ST
RIC
TE
D
3
rece
ive
and
mig
rate
the
req
uire
d R
ecor
ds i
nto
the
Pur
chas
er's
IT
Sys
tem
s in
a
ccor
danc
e w
ith th
e S
epar
atio
n P
lan
and
the
Ser
vice
s A
gree
men
t;
"Dat
a R
oom
" m
eans
the
vir
tua
l dat
a ro
om
hos
ted
by
Inte
rlin
ks I
nc. b
etw
een
6
July
20
17
and
11 A
ugus
t 2
017
(Ta
iwa
n tim
e) a
nd c
onta
inin
g t
hos
e do
cum
ents
lis
ted
in th
e D
ata
Roo
m In
dex
as
cont
ain
ed o
n th
e D
VD
da
ted
10
Oct
ober
201
7;
"Dat
a R
oom
Inde
x" m
eans
the
inde
x o
f doc
umen
ts in
the
Da
ta R
oom
set
out
in
Sch
edul
e 1
of t
he
Dis
clos
ure
Lette
r;
"Dis
clos
ure
Lette
r" m
ean
s th
e le
tter
fro
m th
e S
elle
r to
the
Pur
chas
er in
rel
atio
n to
th
e W
arra
ntie
s ha
ving
the
sa
me
date
as
this
Agr
eem
ent
, th
e r
ecei
pt
of w
hich
h
as b
een
ack
now
ledg
ed b
y th
e P
urch
aser
;
"Dis
pute
" ha
s th
e m
eani
ng g
iven
to
it in
Cla
use
24
.2;
"Dis
pute
Not
ice"
has
the
mea
nin
g gi
ven
to it
in s
ub-c
laus
e 7
.2.1
;
"Dis
sent
ing
Pol
icyh
olde
r" h
as t
he m
eani
ng g
iven
to
it in
Cla
use
10.5
;
"Doc
umen
ts" h
as t
he m
ean
ing
give
n to
it in
Cla
use
9.4
;
"Effe
ctiv
e T
ime"
mea
ns 0
0:0
0 o
n th
e C
omp
letio
n D
ate
;
"Exc
lude
d Li
abili
ties"
mea
ns (
i) a
ny c
rimin
al
or
ad
min
istr
ativ
e lia
bili
ties
(inc
ludi
ng b
ut n
ot l
imite
d to
ta
x o
r sa
nctio
ns b
y th
e R
egul
ato
ry A
utho
rity
),
and
/or
(ii)
any
join
t and
se
vera
l lia
bili
ties
aris
ing
unde
r th
e B
usin
ess
Mer
ger
an
d A
cqui
sitio
n A
ct,
in r
elat
ion
to
the
Bus
ines
s or
Bus
ines
s A
sset
s b
efor
e th
e
Com
ple
tion.
"Fin
al C
ompl
etio
n B
alan
ce S
heet"
has
the
me
ani
ng g
iven
to
it in
Cla
use
7.2
.10
;
"FS
C"
mea
ns t
he F
ina
ncia
l Su
per
viso
ry C
om
mis
sion
of
the
R.O
.C.;
"Gui
delin
es"
mea
ns a
ny w
ritte
n g
uide
lines
, di
rect
ives
, n
otic
es,
pol
icie
s o
r ci
rcul
ars
iss
ued
and
pub
lish
ed b
y th
e R
egu
lato
ry A
uth
ority
in
rela
tion
to
the
Bus
ines
s, th
e A
sset
s a
nd th
e Li
abili
ties;
"IC
" m
eans
the
In
vest
men
t C
om
mis
sion
of
the
Min
istr
y o
f E
con
omic
Affa
irs
of t
he R
.O.C
.
"Ind
epen
dent
E
xper
t" m
eans
a
n in
tern
atio
nally
re
cog
nise
d
firm
of
a
ccou
nta
nts,
inde
pen
den
t of t
he
Pa
rtie
s b
eing
:
(a)
acc
epta
ble
to
the
Sel
ler
and
the
Pur
chas
er;
or
(b)
faili
ng
thei
r a
gree
men
t w
ithin
se
ven
(7
) da
ys
aft
er
rece
ipt
of
an
Ap
poi
ntm
ent N
otic
e, n
omin
ate
d b
y or
on
be
half
of th
e C
hai
rma
n fo
r th
e tim
e b
eing
of t
he C
ertif
ied
Pub
lic A
ccou
nta
nts
Ass
ocia
tion,
the
R.O
.C.;
12
(T
he
ext
ract
of E
ng
lish
do
cum
en
ts is
for
refe
ren
ce o
nly
)
RE
ST
RIC
TE
D
4
"Ins
uran
ce P
olic
ies"
me
ans
th
e in
sura
nce
pro
duc
ts in
rel
atio
n t
o t
he
Bus
ines
s a
nd s
old
by
the
Sel
ler
in t
he
R.O
.C.
whi
ch a
re in
fo
rce
at C
omp
letio
n o
r un
der
w
hic
h a
ny l
iab
ility
(w
het
her
curr
ent
or f
utu
re,
cert
ain
or c
ont
ing
ent)
rem
ain
s u
nsat
isfie
d or
ou
tsta
ndin
g a
t C
omp
letio
n w
hich
, fo
r th
e a
void
anc
e of
dou
bt,
incl
ude
the
Su
spen
ded
Pol
icie
s b
ut e
xclu
de
the
Lap
sed
Pol
icie
s;
"Int
elle
ctua
l P
rope
rty
Rig
hts"
mea
ns a
ny p
aten
ts (
incl
udi
ng s
upp
lem
en
tary
p
rote
ctio
n ce
rtifi
cate
s), t
rade
mar
ks, s
ervi
ce m
ark
s, tr
ade
nam
es, l
ogos
, dom
ain
n
ames
, d
esig
ns,
util
ity m
odel
s, d
esig
n ri
ghts
, m
ora
l ri
ght
s, t
opog
rap
hy r
ight
s,
righ
ts in
da
taba
ses,
cop
yrig
hts,
inve
ntio
ns, t
rad
e se
cre
ts, t
he
sui g
ener
is r
ight
s of
ex
trac
tion
an
d/or
re-
util
isa
tion
rela
ting
to d
ata
base
s, k
now
how
, bus
ines
s na
mes
, g
et u
p, a
nd a
ll ot
her
inte
llect
ual p
rop
erty
and
ne
igh
bou
ring
rig
hts
and
rig
hts
of a
si
mila
r or
cor
resp
ond
ing
char
act
er i
n a
ny p
art
of
the
wor
ld (
whe
ther
or
not
reg
iste
red
or
capa
ble
of r
egis
trat
ion)
an
d al
l app
lica
tions
and
rig
hts
to a
pp
ly fo
r th
e p
rote
ctio
n of
any
of
the
fore
goi
ng;
"Lap
sed
Pol
icie
s"(失
效保
單)
mea
ns in
sura
nce
polic
ies
that
are
sus
pen
ded
for
two
(2)
cons
ecut
ive
yea
rs o
r m
ore
and
whi
ch c
anno
t b
e re
inst
ate
d, d
ue t
o (i)
fa
ilure
of
pay
me
nt f
or p
rem
ium
by
the
Pol
icyh
old
ers,
(ii)
th
e re
ma
inin
g p
olic
y va
lue
in c
ase
of
auto
ma
tic p
olic
y lo
an
is i
nsuf
ficie
nt t
o co
ntin
ue p
ayi
ng f
or
pre
miu
m d
ue,
or (
iii)
def
aul
t in
rep
aym
ent
of p
rinc
ipa
ls a
nd p
aym
ent
of
inte
rest
s in
cas
e of
pol
icy
loa
ns b
y th
e P
olic
yhol
ders
wh
ich
resu
lts in
the
po
licy
valu
e b
eing
less
than
out
stan
ding
loan
am
oun
t;
"Lia
bilit
ies
" m
eans
lia
bili
ties
rela
ting
to
the
Bus
ines
s se
t ou
t in
Par
t C
of
Sch
edul
e 1, e
xclu
din
g th
e E
xclu
ded
Lia
bili
ties;
"Las
t Acc
ount
ing
Dat
e" m
eans
31
Dec
emb
er 2
016
;
"Lon
g S
top
Da
te" m
eans
12
mon
ths
afte
r si
gnin
g o
f th
is A
gree
men
t o
r su
ch
oth
er d
ate
as
ma
y b
e m
utu
ally
ag
reed
bet
wee
n th
e P
artie
s in
writ
ing;
"Los
ses"
mea
ns a
ll co
sts,
cla
ims,
dam
age
s, l
iabi
litie
s, l
osse
s a
nd e
xpen
ses
incl
udin
g, w
ithou
t lim
itatio
n, c
osts
, exp
ense
s an
d re
aso
nab
le c
onsu
ltan
t, ex
pert
o
r a
ttorn
ey f
ees
incu
rred
as
a r
esul
t of
def
end
ing
or s
ettl
ing
a c
laim
alle
gin
g su
ch a
liab
ility
an
d "Lo
ss"
me
ans
any
such
loss
;
"Mat
eria
ls"
has
the
mea
ning
giv
en to
it in
sub
-cla
use
16.1
.2;
"Mig
ratio
n C
omm
ittee
" ha
s th
e m
eani
ng g
iven
to
it in
Cla
use
8.3
;
"Net
Ass
et V
alue
" m
eans
Tw
enty
Tw
o B
illio
n a
nd T
wo
Hun
dre
d M
illio
n N
ew
Ta
iwa
n do
llars
(N
T$2
2,2
00,0
00,0
00)
;
"Not
ice"
ha
s th
e m
eani
ng
give
n to
it in
Cla
use
23.
1;
"NT
$" m
eans
the
law
ful c
urre
ncy
fo
r th
e tim
e b
eing
of
the
R.O
.C.;
"Obj
ectio
n P
erio
d" h
as th
e m
ean
ing
give
n to
it in
Cla
use
10
.5;
"Pol
icyh
olde
r" m
eans
a p
olic
yhol
der
of a
ny In
sura
nce
Po
licy;
(T
he
ext
ract
of E
ng
lish
do
cum
en
ts is
for
refe
ren
ce o
nly
)
RE
ST
RIC
TE
D
5
"Pol
icyh
olde
r D
ata"
me
ans
info
rmat
ion
and
da
ta h
eld
by
the
Sel
ler
in r
esp
ect
of a
Pol
icyh
olde
r u
nder
or
rela
ting
to a
ny In
sura
nce
Pol
icy;
"Pre
-Com
plet
ion
Bal
ance
She
et" ha
s th
e m
ean
ing
give
n to
it in
Cla
use
6;
"Pro
per
Pur
pose
" ha
s th
e m
eani
ng g
iven
to
it in
Cla
use
15.5
;
"Pur
chas
er's
C
ompl
etio
n D
ocum
ents"
has
th
e
me
anin
g gi
ven
to
it in
su
b-c
laus
e 1
3.1
.2;
"Pur
chas
er's
IT
Sys
tem
s" m
eans
th
e in
form
atio
n te
chno
log
y sy
ste
ms
ow
ned
o
r us
ed b
y th
e P
urch
aser
as
such
sys
tem
s m
ay b
e u
pgr
ade
d, r
epla
ced
or
mod
ified
to
en
able
th
e P
urch
aser
to
op
era
te a
nd
man
age
th
e A
sse
ts
and
Li
abili
ties
with
ef
fect
fr
om
the
E
ffect
ive
Tim
e
as
cont
emp
late
d b
y th
is
Ag
reem
ent;
"Pur
chas
e P
rice"
has
the
mea
nin
g gi
ven
to it
in C
laus
e 4
.1;
"Pur
chas
er
War
rant
y"
mea
ns
a s
tate
men
t co
nta
ined
in
Cla
use
13
.1 a
nd
"Pur
chas
er W
arra
ntie
s" m
ean
s a
ll th
ose
stat
em
ents
;
"Rec
ords
" m
eans
(i)
all
Pol
icyh
old
er
Dat
a,
and
(ii)
oth
er b
ook
s a
nd
reco
rds
rela
ting
exc
lusi
vely
to
an
y of
the
Bus
ines
s A
sset
s (u
sed
by
the
Sel
ler)
. F
or
gre
ate
r ce
rta
inty
, R
ecor
ds i
nclu
des
insu
ranc
e m
anu
als
and
gu
ides
use
d by
the
S
elle
r fo
r da
y to
da
y b
usin
ess
in
Taiw
an
(incl
udin
g
but
no
t lim
ited
to
u
nder
wri
ting,
cla
ims,
and
pol
icy
pro
cess
ing
ma
nua
ls)
as o
f th
e C
omp
letio
n D
ate
; pro
vide
d th
at th
e R
eco
rds
sha
ll no
t inc
lud
e a
ny c
orre
spon
den
ce, r
ecor
ds
or
oth
er in
form
atio
n he
ld s
olel
y in
ele
ctro
nic
ma
il fo
rm;
"Reg
ulat
ory
Aut
horit
y"
mea
ns
any
m
ulti
natio
na
l, na
tiona
l, fe
dera
l, st
ate
, p
rovi
ncia
l or
loca
l go
vern
men
tal o
r re
gul
ator
y or
sup
ervi
sory
aut
hori
ty o
r e
ntity
o
r b
ody
or
any
sub
divi
sion
the
reof
, in
clud
ing
with
out
lim
itatio
n,
the
FS
C,
the
IC
, th
e R
.O.C
. F
ina
ncia
l Om
bud
sman
In
stitu
tion
, a
ny a
genc
y, in
stru
men
talit
y,
div
isio
n,
dep
artm
ent
, th
e Li
fe I
nsur
anc
e A
ssoc
iatio
n o
f th
e R
epub
lic o
f C
hin
a,
the
Act
ua
rial I
nstit
ute
of C
hin
ese
Taip
ei, c
ourt
or
othe
r b
od
y th
ere
of;
"Reg
iste
red
Trad
e M
arks
" m
ean
s a
ny t
rade
ma
rks
or s
ervi
ce m
ark
s, t
radi
ng
nam
es, l
ogo
s, c
omp
any
na
me
s a
nd
right
s in
get
-up
of p
rodu
cts
regi
ster
ed in
an
y co
unt
ry p
rio
r to
th
e da
te o
f th
is A
gree
men
t in
th
e n
am
e o
f a
ny m
em
ber
of
the
Sel
ler's
Gro
up;
"Res
erve
Ass
ets"
mea
ns t
hos
e as
sets
hel
d b
y th
e S
elle
r w
hich
will
be
mor
e
spec
ifica
lly d
eta
iled
in t
he C
om
ple
tion
Ba
lanc
e S
heet
, an
d sh
all
be
tra
nsfe
rred
a
nd p
aid
by
the
Sel
ler
to t
he P
urch
aser
in c
ash
form
and
in N
T$
;
"Res
erve
s" m
ean
s th
ose
rese
rves
and
/or
fund
s m
eet
ing
the
req
uire
men
ts o
f R
.O.C
. la
w
and
th
e R
egu
lato
ry
Au
thor
ity,
for
liabi
litie
s w
hich
re
ma
in
con
tinge
nt,
unsa
tisfie
d o
r o
utst
and
ing
und
er t
he I
nsu
ranc
e P
olic
ies
(bei
ng
limite
d t
o t
he i
nsur
anc
e re
serv
es,
det
aile
d lis
t in
Sch
edu
le 5
("
Insu
ranc
e R
eser
ves")
, in
sura
nce
cla
ims
pa
yab
le (
incl
udi
ng o
ther
insu
ranc
e p
aya
ble
s) a
nd
pre
miu
m r
ece
ipts
in a
dva
nce)
, in
eac
h c
ase
as
at t
he E
ffect
ive
Tim
e;
13
(T
he
ext
ract
of E
ng
lish
do
cum
en
ts is
for
refe
ren
ce o
nly
)
RE
ST
RIC
TE
D
6
"R.O
.C."
mea
ns th
e R
epub
lic o
f C
hin
a (
Taiw
an)
;
"Sel
ler's
Gro
up "
mea
ns
the
Sel
ler
and
an
y co
mpa
ny (
i) w
hich
has
dire
ct o
r in
dir
ect C
ontr
ollin
g In
tere
st o
n th
e S
elle
r, (
ii) o
ver
whi
ch th
e S
elle
r ha
s d
irect
or
ind
irec
t C
ont
rolli
ng I
nter
est,
or
(iii)
whi
ch i
s di
rect
ly
or
indi
rect
ly u
nder
co
mm
on
Co
ntro
llin
g In
tere
st o
f th
e u
ltim
ate
hol
din
g co
mp
any
of
the
Sel
ler
fro
m t
ime
to ti
me;
"Sep
arat
ion"
mea
ns
the
sep
arat
ion
of
the
Bus
ines
s A
sset
s fr
om
the
oth
er
bus
ines
ses
and
op
era
tion
s of
the
Sel
ler
prio
r to
the
Effe
ctiv
e T
ime
and
the
tr
ans
fer
of th
e B
usin
ess
Ass
ets
to th
e P
urch
aser
, inc
lud
ing,
for
the
avo
ida
nce
of
dou
bt,
ac
tiviti
es
rela
ting
to
th
e sa
me
und
erta
ken
by
the
P
artie
s on
th
e
Com
ple
tion
Da
te o
r o
n th
e da
te f
ollo
win
g th
e C
omp
letio
n D
ate
in a
ccor
dan
ce
with
thi
s A
gree
men
t an
d th
e S
epa
ratio
n P
lan;
"Sep
arat
ion
Pla
n" h
as th
e m
ean
ing
give
n to
it in
Cla
use
8.1
;
"Ser
vice
s A
gree
men
t" ha
s th
e m
ean
ing
give
n to
it in
Cla
use
8.1
;
"Spi
n-O
ff P
lan"
has
the
mea
nin
g gi
ven
to it
in C
laus
e 2
.2;
"Sum
Com
pens
ated
" ha
s th
e m
eani
ng g
iven
to it
in p
arag
rap
h 6
of S
ched
ule
7;
"Sum
Rec
over
ed”
has
the
mea
ning
giv
en t
o it
in p
ara
grap
h 6
of
Sch
edul
e 7
;
"Sup
plem
enta
l D
iscl
osur
e Le
tter"
me
ans
the
lett
er f
rom
th
e S
elle
r to
the
P
urch
aser
in r
ela
tion
to th
e W
arra
ntie
s ha
ving
the
sa
me
date
as
the
Com
ple
tion
Da
te;
"Sur
vivi
ng P
rovi
sion
s" m
eans
Cla
uses
1, 3
.9, 1
1.7
, and
17
to 2
5 (
incl
usiv
e);
"Sus
pend
ed P
olic
ies"(
停效保單
) m
ean
s in
sura
nce
pol
icie
s th
at
are
susp
ende
d
due
to fa
ilure
of p
aym
ent f
or
prem
ium
by
the
Pol
icyh
olde
rs fo
r le
ss th
an
two
(2)
cons
ecu
tive
yea
rs w
hich
ca
n b
e re
inst
ate
d;
"Tai
wan
ese
GA
AP"
me
ans
gen
eral
ly a
ccep
ted
acc
oun
ting
prin
cip
les
in t
he
R.O
.C.
app
lyin
g to
the
life
insu
ranc
e in
dus
try;
"Tax
es"
me
ans
an
y fo
rm
of
taxa
tion,
le
vy,
duty
, st
am
p
dut
y,
char
ge,
co
ntr
ibut
ion
, w
ithh
oldi
ng o
r im
pos
t of
wha
teve
r na
ture
inc
ludi
ng o
ccup
atio
n,
use
, ser
vice
, ser
vice
use
, va
lue
add
ed,
tra
nsfe
r a
nd r
ecor
din
g ta
xes
or a
ny t
axes
in
res
pec
t of c
usto
m d
utie
s or
soc
ial m
atte
rs (
incl
udin
g w
ithou
t lim
itatio
n so
cia
l se
curi
ty c
harg
es o
r co
ntrib
utio
ns),
im
pos
ed b
y an
y ta
aut
horit
y (w
het
her
do
me
stic
or
fore
ign)
(in
clud
ing
any
rel
ate
d fin
es,
pen
alti
es,
add
ition
al
taxe
s,
surc
harg
es o
r in
tere
st)
imp
ose
d, c
olle
cted
or
asse
ssed
by,
or
paya
ble
to
, a
Tax
A
uth
ority
and
"Tax
" sh
all b
e co
nstr
ued
acc
ordi
ngly
;
"Tax
Aut
horit
y"
mea
ns a
ny g
ove
rnm
ent,
sta
te o
r m
unic
ipa
lity
or a
ny l
oca
l, st
ate,
fe
dera
l or
ot
her
auth
ority
, b
ody
or
offic
ial
anyw
he
re
in
the
wor
ld
exer
cisi
ng a
fis
cal,
reve
nu
e, c
usto
ms
or e
xcis
e or
sta
mp
ing
func
tion
incl
udin
g,
with
out l
imita
tion,
the
Na
tiona
l Tax
atio
n A
dm
inis
trat
ion
of
the
R.O
.C.;
(T
he
ext
ract
of E
ng
lish
do
cum
en
ts is
for
refe
ren
ce o
nly
)
RE
ST
RIC
TE
D
7
"Ter
min
atio
n P
rogr
am"
has
the
mea
ning
giv
en t
o it
in C
laus
e 10
.5;
"Tra
de M
arks
" m
eans
the
Reg
iste
red
Tra
de
Mar
ks a
nd
all
unr
egis
tere
d t
rad
e m
ark
s, s
ervi
ce m
ark
s, t
rad
ing
nam
es,
log
os,
com
pa
ny
nam
es a
nd r
ight
s in
g
et-u
p o
f pr
odu
cts,
ow
ned
by
the
Sel
ler's
Gro
up t
hat
have
bee
n u
sed
in
con
nect
ion
with
the
Bus
ines
s at
any
tim
e p
rior
to th
e C
om
ple
tion
Da
te;
"Tra
nsac
tion
Doc
umen
ts" m
ean
s th
is A
gree
men
t, t
he
Sp
in-O
ff P
lan,
the
S
epa
ratio
n P
lan
and
the
Ser
vice
s A
gre
emen
t a
s w
ell
as
any
othe
r a
nnex
es,
atta
chm
ents
or
sche
dul
es th
eret
o a
nd a
ny o
the
r do
cum
ents
in r
ela
tion
ther
eto
or
exec
uted
or
req
uire
d to
be
exec
uted
ther
eund
er;
"Tra
nsiti
onal
Ser
vice
s" m
eans
the
ser
vice
s pr
ovi
ded
by
the
Sel
ler
to a
ssis
t the
P
urch
aser
to u
se th
e R
ecor
ds in
the
Bus
ines
s IT
Sys
tem
s du
ring
the
tra
nsiti
ona
l p
erio
d as
agr
eed
in th
e S
ervi
ces
Agr
eem
ent;
"Wor
king
Hou
rs"
mea
ns 0
9:0
0 to
17
:30
on
a B
usin
ess
Da
y in
the
R.O
.C.;
and
"War
rant
y"
mea
ns
a s
tate
men
t co
nta
ined
in
Sch
edul
e 6
an
d "
War
rant
ies"
m
eans
all
thos
e st
ate
men
ts.
1.2
In
this
Agr
eem
ent,
a r
efer
ence
to:
1.2
.1
a d
ocum
ent i
n th
e "ag
reed
form
" is
a r
efer
ence
to a
do
cum
ent i
n a
form
ap
pro
ved
and
for
the
pur
pos
es o
f id
entif
icat
ion
initi
alle
d b
y or
on
beh
alf
of e
ach
Pa
rty;
1.2
.2
a s
tatu
tory
pro
visi
on i
nclu
des
a r
efer
ence
to
the
sta
tuto
ry p
rovi
sio
n a
s m
odifi
ed o
r re
-ena
cted
or
bot
h fr
om t
ime
to
time
bef
ore
the
dat
e of
thi
s A
gre
emen
t a
nd
an
y su
bord
inat
e le
gisl
atio
n m
ade
und
er t
he
sta
tuto
ry
pro
visi
on
(as
so
mod
ified
or
re
-en
acte
d)
bef
ore
the
date
of
th
is
Ag
reem
ent;
1.2
.3
a "
pers
on"
incl
udes
a r
efer
ence
to
an
y in
divi
dua
l, fir
m,
com
pa
ny,
corp
ora
tion
or
oth
er b
ody
corp
orat
e, g
over
nm
ent,
sta
te o
r a
genc
y of
a
stat
e or
an
y jo
int
ven
ture
, as
soci
atio
n o
r pa
rtne
rshi
p,
wor
ks c
ounc
il or
e
mp
loye
e r
epre
sent
ativ
e b
ody
(w
heth
er o
r no
t ha
ving
sep
ara
te l
ega
l p
erso
nalit
y);
1.2
.4
a "
Par
ty"
incl
ude
s a
ref
eren
ce t
o th
at P
arty
's s
ucce
sso
rs a
nd p
erm
itted
as
sign
s;
1.2
.5
a C
laus
e, p
arag
rap
h or
Sch
edul
e, u
nle
ss t
he
con
text
oth
erw
ise
req
uire
s,
is a
ref
eren
ce to
a c
laus
e o
r pa
ragr
aph
of,
or s
ched
ule
to, t
his
Ag
reem
ent;
1.2
.6
"boo
ks",
"r
ecor
ds"
or
oth
er
"info
rmat
ion
" m
eans
b
ook
s,
corr
esp
ond
ence
, rec
ords
or
othe
r in
form
atio
n he
ld in
an
y fo
rm in
clud
ing
pap
er, e
lect
roni
cally
sto
red
data
, mag
netic
med
ia, f
ilm a
nd m
icro
film
;
1.2
.7
a t
ime
of d
ay
is a
ref
eren
ce to
the
tim
e in
the
R.O
.C.;
1.2
.8
the
sin
gula
r in
clud
es th
e p
lura
l and
vic
e ve
rsa
; and
14
(T
he
ext
ract
of E
ng
lish
do
cum
en
ts is
for
refe
ren
ce o
nly
)
RE
ST
RIC
TE
D
8
1.2
.9
one
gen
der
incl
ude
s a
ll ge
nder
s.
1.3
T
he h
ead
ings
in t
his
Agr
eem
ent
do n
ot a
ffect
its
inte
rpre
tatio
n.
1.4
In
this
Agr
eem
ent,
a c
om
pany
sha
ll b
e de
em
ed to
be
a "
subs
idia
ry"
of a
noth
er
com
pa
ny
(suc
h se
cond
-men
tione
d co
mp
any
bei
ng,
for
the
pur
pos
es o
f th
is
Agr
eem
ent,
a "h
oldi
ng c
ompa
ny")
if t
hat
seco
nd-m
entio
ned
co
mp
any
ha
s a
Co
ntro
lling
Inte
rest
in th
e fir
st m
entio
ned
com
pan
y.
1.5
A
ref
ere
nce
to "s
o fa
r as
the
Sel
ler
is a
war
e" m
eans
the
act
ual k
now
ledg
e of
th
ose
indi
vidu
als
lis
ted
in
Sch
edul
e 8
in
each
cas
e as
at
the
da
te o
f th
is
Agr
eem
ent
and
on
the
Co
mp
letio
n D
ate,
as
the
case
ma
y b
e.
1.6
A
ll w
arra
ntie
s,
rep
rese
nta
tions
, in
dem
niti
es,
cove
na
nts,
a
gree
men
ts
and
oblig
atio
ns in
thi
s A
gre
eme
nt g
iven
or
ente
red
into
by
the
Sel
ler
are
giv
en o
r en
tere
d i
nto
in
resp
ect
of t
he
Bus
ines
s o
nly
save
as
othe
rwis
e ex
pre
ssly
pr
ovi
ded
.
1.7
T
he
ejus
dem
ge
ner
is
pri
ncip
le
of
cons
truc
tion
sha
ll no
t ap
ply
to
th
is
Agr
eem
ent.
A
ccor
din
gly,
gen
era
l w
ord
s sh
all
not
be
give
n a
re
stric
tive
m
ean
ing
by
rea
son
of
thei
r b
eing
pre
ced
ed o
r fo
llow
ed b
y w
ord
s in
dica
ting
a
part
icul
ar c
lass
of
acts
, m
atte
rs o
r th
ings
or
by
exa
mp
les
falli
ng
with
in t
he
gen
era
l w
ords
. A
ny p
hra
se i
ntro
duce
d b
y th
e te
rms
"oth
er",
"in
clud
ing"
, "i
nclu
de"
and
"in
par
ticul
ar"
or a
ny s
imila
r ex
pres
sion
sh
all b
e co
nstr
ued
as
illus
tra
tive
an
d sh
all
not
limit
the
sen
ses
of th
e w
ord
s p
rece
ding
thos
e te
rms.
2.
SA
LE A
ND
PU
RC
HA
SE
BY
WAY
OF
SP
IN O
FF
2.1
O
n an
d su
bje
ct t
o th
e te
rms
of t
his
Agr
eem
ent
and
sub
ject
to
Co
mp
letio
n, t
he
Sel
ler
agr
ees
to s
ell
and
tra
nsfe
r, a
nd
the
Pur
chas
er a
gree
s to
pur
chas
e an
d a
ccep
t, in
eac
h ca
se w
ith e
ffect
fro
m t
he
Effe
ctiv
e T
ime,
the
Bus
ines
s A
sset
s a
nd P
urch
aser
fur
ther
agr
ees
to a
ssum
e th
e Li
abili
ties
with
effe
ct f
rom
the
E
ffect
ive
Tim
e.
2.2
T
he S
elle
r a
nd
the
Pur
chas
er a
ckn
owle
dge
an
d a
gree
tha
t th
e t
rans
fer
of t
he
Bus
ines
s A
sset
s is
inte
nded
to b
e a
tra
nsfe
r of
the
Bus
ines
s o
n a
go
ing
con
cern
ba
sis
by
wa
y of
the
sp
in-o
ff in
acc
ord
anc
e w
ith t
he R
.O.C
. B
usin
ess
Mer
gers
a
nd A
cqui
sitio
ns A
ct a
nd/o
r th
e F
ina
ncia
l Ins
titu
tion
Mer
ger
Act
. T
he P
artie
s a
gree
to
sig
n a
sp
in-o
ff p
lan
in t
he f
orm
as
set
fort
h in
Sch
edu
le 2
(th
e "S
pin-
Off
Pla
n")
no l
ate
r th
an
thr
ee
(3)
Bus
ines
s D
ays
aft
er S
elle
r's a
nd
Pur
chas
er's
sh
areh
old
ers
mee
tings
ap
pro
ve
the
S
pin
-Off
Pla
n.
Fo
r th
e a
void
anc
e o
f a
ny d
oub
t, th
e ef
fect
iven
ess
of
this
Sp
in-O
ff P
lan
is c
ontin
gent
on
the
Co
mp
letio
n of
the
tran
sact
ions
con
tem
pla
ted
unde
r th
is A
gree
men
t. I
n ca
se th
is A
gree
men
t is
not c
omp
lete
d or
is te
rmin
ate
d, th
e S
pin
-Off
Pla
n s
hall
not b
e de
em
ed e
ffect
iven
ess.
2.3
W
ith e
ffect
fro
m t
he
Effe
ctiv
e T
ime,
th
e P
urch
aser
sha
ll du
ly a
nd p
rop
erly
p
erfo
rm a
ll th
e Li
abili
ties
an
d th
e P
urch
aser
sha
ll in
dem
nify
the
Sel
ler
and
keep
the
Sel
ler
fully
and
effe
ctiv
ely
inde
mn
ified
fro
m a
nd a
gain
st a
ll Lo
sses
w
hich
ma
y b
e m
ad
e a
gain
st o
r su
ffere
d o
r in
curr
ed b
y th
e S
elle
r on
or
aft
er th
e E
ffect
ive
Tim
e in
res
pec
t of
the
Lia
bili
ties.
(T
he
ext
ract
of E
ng
lish
do
cum
en
ts is
for
refe
ren
ce o
nly
)
RE
ST
RIC
TE
D
9
2.4
The
Sel
ler
and
the
Pur
chas
er a
gree
to ta
ke a
ll ne
cess
ary
act
ions
and
/or
exec
ute
a
nd d
eliv
er (
or p
rocu
re t
he
exec
utio
n a
nd d
eliv
ery
of)
all
such
doc
umen
ts a
s m
ay
be
nec
essa
ry fo
r g
ivin
g fu
ll e
ffect
to
Cla
uses
2.1
, 2.2
and
2.3
.
3.
CO
ND
ITIO
NS
3.1
T
he C
om
ple
tion
is
con
ditio
nal
on t
he
cond
ition
s lis
ted
in S
ched
ule
3 (
the
"Con
ditio
ns")
bei
ng s
atis
fied
on
or b
efor
e t
he
Long
Sto
p D
ate
and
the
O
bje
ctio
n P
erio
d p
ursu
ant
to C
laus
e 10
.5 h
avi
ng e
xpir
ed.
Sa
ve f
or
(a)
the
Co
nditi
ons
not
bei
ng s
atis
fied
on
or b
efor
e th
e Lo
ng S
top
Da
te a
nd t
he
Ob
ject
ion
Per
iod
pur
suan
t to
Cla
use
10.5
not
ha
ving
exp
ired
or
(b)
this
A
gree
men
t b
eing
ter
min
ate
d, n
o o
ther
con
diti
ons
sha
ll p
reve
nt
the
Pa
rtie
s fr
om t
he C
om
ple
tion.
3.2
E
ach
Par
ty s
hall
use
all r
eas
onab
le e
ndea
vour
s to
ach
ieve
sa
tisfa
ctio
n of
eac
h C
ond
ition
app
lica
ble
to it
as
soon
as
pos
sib
le a
fter
the
da
te o
f thi
s A
gree
me
nt
and
, in
an
y e
vent
, by
no la
ter
tha
n th
e Lo
ng
Sto
p D
ate
, in
part
icul
ar:
3.2
.1
the
Pur
chas
er s
hall
(at
its o
wn
co
sts)
(a)
dul
y p
repa
re
or
pro
cure
th
e pr
epa
ratio
n of
al
l ne
cess
ary
doc
umen
ts (
save
for
an
y do
cum
ents
whi
ch a
re n
ot r
ela
ted
to
the
Pur
chas
er)
in c
onne
ctio
n w
ith th
e a
pplic
atio
n to
the
FS
C a
nd fi
le
the
ap
plic
atio
n, j
oin
tly
with
th
e S
elle
r, f
or
appr
ova
l of
th
e p
urch
ase
of
th
e B
usin
ess
Ass
ets
and
as
sum
ptio
n of
th
e Li
abili
ties
pur
sua
nt to
this
Ag
reem
ent;
(b)
ob
tain
all
the
nec
essa
ry l
icen
ses,
aut
horis
atio
ns a
nd
app
rova
ls
req
uire
d b
y a
pplic
able
law
in th
e R
.O.C
. to
carr
y on
the
bus
ines
s co
mp
risin
g th
e B
usin
ess
Ass
ets
with
effe
ct f
rom
the
Effe
ctiv
e T
ime;
and
(c)
con
vene
th
e sh
areh
olde
rs
me
etin
g on
8
D
ecem
ber
20
17
to
app
rove
th
e tr
ans
actio
ns c
onte
mp
late
d u
nde
r th
is A
gree
men
t a
nd th
e S
pin
-Off
Pla
n.
3.2
.2
the
Sel
ler
sha
ll (a
t its
ow
n c
osts
)
(a)
dul
y p
repa
re
or
pro
cure
th
e pr
epa
ratio
n of
al
l ne
cess
ary
doc
umen
ts (
save
for
any
doc
umen
ts w
hich
rel
ate
sol
ely
to t
he
P
urch
aser
) in
con
nect
ion
with
the
app
lica
tion
to th
e F
SC
and
file
th
e a
pplic
atio
n, j
oint
ly w
ith t
he P
urch
aser
, fo
r ap
pro
val
of t
he
sale
and
tra
nsfe
r o
f th
e B
usin
ess
Ass
ets
by
the
Se
ller
to t
he
Pur
chas
er p
urs
uant
to th
is A
gre
eme
nt;
( b)
dul
y p
repa
re
or
pro
cure
th
e pr
epa
ratio
n of
al
l ne
cess
ary
doc
umen
ts in
con
nec
tion
with
the
app
lica
tion
to th
e F
SC
and
file
th
e a
pplic
atio
n fo
r ap
pro
val o
f th
e ca
pita
l inc
reas
e of
th
e S
elle
r;
and
(c)
use
its
rea
sona
ble
effo
rt t
o a
ssis
t A
llia
nz S
E t
o p
repa
re a
ll n
eces
sary
doc
um
ent
s in
con
nec
tion
with
the
app
licat
ion
to t
he
15
(T
he
ext
ract
of E
ng
lish
do
cum
en
ts is
for
refe
ren
ce o
nly
)
RE
ST
RIC
TE
D
10
FSC
an
d th
e IC
, a
nd f
ile t
he
app
lica
tion,
for
app
rova
l o
f th
e in
crea
se o
f A
llia
nz S
E's
in
vest
men
t a
nd s
hare
hol
ding
in
th
e S
elle
r a
nd,
if re
qui
red
, th
e sa
le a
nd
tra
nsfe
r of
th
e B
usin
ess
Ass
ets
by
the
Sel
ler
to t
he P
urch
aser
.
3.3
B
efo
re m
aki
ng o
r ca
usin
g to
be
ma
de a
ny
of t
he f
iling
s o
r no
tific
atio
ns t
o th
e R
egul
ato
ry A
utho
rity
, su
bje
ct t
o ap
plic
able
la
ws
rela
ting
to t
he
sha
ring
of
info
rmat
ion
, th
e P
arty
tha
t is
pre
par
ing
or
caus
ing
the
pre
para
tion
of
such
fil
ing
or n
otifi
catio
n sh
all
prov
ide
the
oth
er P
arty
with
a d
raft
of
the
filin
g o
r no
tific
atio
n a
nd a
re
ason
able
op
por
tuni
ty t
o re
view
suc
h d
raft
, a
nd s
hall
cons
ider
in g
ood
faith
the
vie
ws
of
such
oth
er
Par
ty r
ega
rdin
g su
ch f
iling
or
notif
ica
tion
. P
rom
ptly
aft
er a
ny o
f the
filin
gs o
r no
tific
atio
ns h
ave
bee
n m
ad
e,
the
Par
ty th
at h
as m
ade
su
ch fi
ling
or
notif
ica
tion
sha
ll pr
ovid
e a
cop
y th
ereo
f to
the
oth
er P
art
y.
3.4
If,
at
any
tim
e, t
he S
elle
r o
r th
e P
urc
hase
r b
eco
me
s a
war
e of
a f
act
, m
atte
r o
r ci
rcum
sta
nce
tha
t m
ight
pre
ven
t a
Co
nditi
on f
rom
bei
ng s
atis
fied,
it
sha
ll im
med
iate
ly in
form
the
oth
er P
art
y in
wri
ting
.
3.5
W
itho
ut l
imiti
ng
the
gen
era
lity
of t
he o
ther
und
erta
king
s p
ursu
ant
to
this
C
laus
e 3
, ei
ther
Pa
rty
agre
es t
o th
e ex
ten
t ap
plic
able
to
the
app
lica
tion
on
its
part
, to
take
or
caus
e to
be
take
n th
e fo
llow
ing
act
ions
:
(a) t
he
pro
mp
t p
rovi
sio
n to
a
Reg
ula
tory
A
uth
ority
of
a
ll in
form
atio
n,
docu
men
ts o
r te
stim
ony
req
ues
ted
by
such
Reg
ula
tory
Au
thor
ity o
r th
at
are
nec
essa
ry,
pro
pe
r a
nd a
dvi
sab
le t
o o
bta
in a
ny a
ppro
val
as l
iste
d i
n S
ched
ule
3 o
r p
erm
it co
mp
letio
n of
the
tra
nsac
tions
con
tem
pla
ted
by
this
A
gree
me
nt; a
nd
(b) n
ego
tiate
in
goo
d fa
ith w
ith a
ny
app
licab
le R
egul
ato
ry A
utho
rity
for
th
e p
urp
ose
of s
eeki
ng
to r
emo
ve a
ny
oner
ous
con
diti
on
tha
t su
ch R
egul
ato
ry
Aut
hori
ty m
ay
have
imp
ose
d.
3.6
E
ither
Par
ty s
hall
not
take
any
act
ion
tha
t w
oul
d re
ason
ably
be
exp
ecte
d to
hi
nder
or
del
ay,
as
app
licab
le,
the
ob
tain
ing
of a
ny
such
ap
prov
als
fro
m t
he
app
licab
le R
egul
ato
ry A
uth
ori
ties.
3.7
If,
at
an
y tim
e f
ollo
win
g th
e su
bm
issi
on o
f a
ny a
pplic
atio
n of
th
e ap
pro
val a
s lis
ted
in S
ched
ule
3 w
ith a
Reg
ula
tory
Aut
hori
ty,
eith
er P
art
y q
ues
tions
the
fe
asib
ility
of
obta
inin
g an
y of
suc
h ap
pro
val f
rom
suc
h R
egu
lato
ry A
uth
ority
or
rec
eive
s a
ny n
ega
tive
com
men
t on
th
e ot
her
Par
ty f
rom
the
Reg
ula
tory
A
utho
rity
, th
e S
elle
r a
nd th
e P
urch
aser
sha
ll m
eet a
nd c
onsu
lt w
ith th
e ot
her
in
good
fa
ith
to
det
erm
ine
the
fea
sib
ility
o
f ob
tain
ing
such
ap
prov
al
and
co
nclu
de
such
co
nsul
tatio
n w
ithin
for
ty f
ive
(45)
day
s.
3.8
If
the
Con
diti
ons
have
no
t b
een
sa
tisfie
d b
y th
e Lo
ng S
top
Da
te,
the
Sel
ler
or
the
Pur
chas
er m
ay
term
ina
te t
his
Agr
eem
ent
by
giv
ing
writ
ten
notic
e to
the
ot
her
Pa
rty
save
for
the
Sur
vivi
ng P
rovi
sio
ns;
prov
ided
that
no
Par
ty s
ha
ll b
e lia
ble
to th
e ot
her
Par
ty f
or th
e te
rmin
atio
n du
e to
Con
ditio
ns h
avi
ng
not b
een
satis
fied
by
the
Lon
g S
top
Dat
e a
nd t
hat
a P
art
y m
ay
not
term
ina
te t
his
(T
he
ext
ract
of E
ng
lish
do
cum
en
ts is
for
refe
ren
ce o
nly
)
RE
ST
RIC
TE
D
11
Agr
eem
ent
pur
sua
nt t
o t
his
Cla
use
3.8
if it
is in
ma
teri
al b
rea
ch o
f an
y of
its
oblig
atio
ns u
nde
r C
laus
es 3
.2 to
3.6
.
3.9
E
ach
Par
ty's
fur
ther
rig
hts
an
d ob
liga
tions
cea
se im
med
iate
ly o
n te
rmin
atio
n,
but
ter
min
atio
n d
oes
not
affe
ct a
Par
ty's
acc
rued
rig
hts
and
ob
liga
tions
at
the
da
te o
f te
rmin
atio
n.
4.
CO
NS
IDE
RA
TIO
N
4.1
T
he p
urc
hase
pri
ce (
the
"Pur
chas
e P
rice")
pa
yab
le b
y th
e P
urc
hase
r on
the
C
om
ple
tion
Da
te fo
r th
e B
usin
ess
Ass
ets
und
er th
is A
gre
emen
t is
NT
$1.
4.2
A
t th
e C
omp
letio
n th
e P
urch
aser
sha
ll pa
y th
e P
urch
ase
Pric
e to
the
Sel
ler
in
acc
ord
anc
e w
ith t
he p
rovi
sio
ns o
f Cla
use
11.3
.
5.
PR
E-C
OM
PLE
TIO
N U
ND
ER
TAK
ING
S
5.1
S
elle
r's O
blig
atio
ns
Fro
m
the
dat
e o
f th
is
Agr
eem
ent
unt
il th
e
Co
mp
letio
n
Dat
e,
the
Sel
ler
und
erta
kes
(with
res
pec
t sol
ely
to t
he B
usin
ess,
the
Bus
ines
s A
sset
s of
whi
ch it
is
sel
ling
and
the
Liab
ilitie
s of
wh
ich
it is
tra
nsfe
rrin
g)
to:
5.1
.1
carr
y o
n
the
Bus
ines
s as
a
go
ing
conc
ern
in
the
ord
inar
y co
urse
co
nsis
tent
with
pas
t pr
actic
e as
car
ried
on
prio
r to
the
da
te o
f th
is
Ag
reem
ent i
nclu
din
g, in
all m
ate
rial
res
pec
ts, i
nter
nal p
olic
ies,
pra
ctic
es
and
gu
idel
ines
with
res
pec
t to
und
erw
ritin
g, c
laim
s h
and
ling,
res
ervi
ng
and
di
strib
utio
n,
exce
pt
as
agre
ed
by
the
P
urch
aser
in
w
ritin
g or
o
ther
wis
e as
co
ntem
pla
ted
by,
or
in c
onn
ectio
n w
ith,
this
Agr
eem
ent
or
as r
equi
red
by
law
or
any
Reg
ula
tory
Aut
hori
ty;
5.1
.2
ma
inta
in it
s b
ooks
, a
ccou
nts
an
d re
cord
s re
latin
g to
the
Bus
ines
s in
the
u
sual
ma
nner
and
in c
omp
lianc
e w
ith R
.O.C
. la
w a
nd th
e re
qui
rem
ent o
f th
e R
egul
ato
ry A
utho
rity
in a
ll m
ate
ria
l re
spec
ts a
s w
ell
as o
n a
bas
is
cons
iste
nt w
ith t
he p
ast
prac
tice
of t
he
Sel
ler
as c
arri
ed o
n p
rior
to t
he
dat
e of
thi
s A
gre
emen
t; a
nd
5.1
.3
use
com
mer
cia
lly r
easo
nab
le e
ndea
vou
rs t
o m
ain
tain
its
rel
atio
nshi
ps
with
th
e P
olic
yhol
ders
, su
ppl
iers
an
d cu
stom
ers
in
rela
tion
to
the
Bus
ines
s.
5.2
C
laus
e 5
.1 d
oes
not
app
ly i
n re
spec
t of
, a
nd s
hall
not
op
era
te t
o re
stric
t o
r pr
eve
nt
an
y a
ct o
r om
issi
on w
hich
is r
equi
red
by
any
law
s, r
egu
latio
ns o
r b
y a
ny R
egu
lato
ry A
utho
rity
, o
r b
y th
e A
gree
d A
ccou
ntin
g P
rinc
iple
s, o
r b
y th
e G
uide
lines
.
6.
PR
E-C
OM
PLE
TIO
N B
ALA
NC
E S
HE
ET
No
late
r th
an
five
(5)
Bus
ines
s D
ays
prio
r to
th
e C
omp
letio
n D
ate
, th
e S
elle
r sh
all p
rovi
de
to t
he
Pu
rcha
ser
a b
alan
ce s
hee
t of
th
e B
usin
ess
Ass
ets
as a
t th
e
last
da
y o
f th
e se
cond
m
onth
p
rior
to
the
Co
mp
letio
n
Dat
e (t
he
"Pre
-Com
plet
ion
Bal
ance
She
et").
The
Pre
-Com
ple
tion
Bal
ance
She
et
sha
ll
16
(T
he
ext
ract
of E
ng
lish
do
cum
en
ts is
for
refe
ren
ce o
nly
)
RE
ST
RIC
TE
D
12
be p
rep
ared
by
the
Sel
ler
in g
ood
fa
ith o
n t
he b
asis
of
the
pri
ncip
les
set
out
in
sub-
cla
uses
7.1
.2 a
nd 7
.1.3
and
in
the
sam
e fo
rma
t a
s th
e p
ro f
orm
a b
ala
nce
shee
t set
ou
t in
Sch
edu
le 5
.
7.
CO
MP
LET
ION
BA
LAN
CE
SH
EE
T A
ND
TR
UE
-UP
7.1
F
orm
7.1
.1
No
la
ter
tha
n si
xty
(60)
Bus
ines
s D
ays
afte
r th
e C
omp
letio
n D
ate
or
such
oth
er d
ate
as m
ay
be
mut
ually
agr
eed
by
the
Sel
ler
an
d th
e P
urch
aser
, the
Se
ller
sha
ll de
liver
to th
e P
urc
hase
r a
ba
lanc
e sh
eet
of t
he
Bus
ines
s A
sset
s as
at t
he
end
(23
:59)
of t
he
da
y im
med
iate
ly p
rior
to th
e C
omp
letio
n D
ate
(th
e "Com
plet
ion
Bal
ance
She
et") a
nd t
he r
ela
ted
doc
umen
ts a
nd i
ts w
orki
ng p
aper
s u
nder
lyin
g t
his
info
rma
tion
in e
ach
ca
se u
sed
in r
elat
ion
to th
e p
rep
ara
tion
of t
he C
om
ple
tion
Ba
lanc
e S
heet
as
the
Pur
chas
er m
ay
rea
sona
bly
req
uest
to
verif
y th
e C
om
ple
tion
Bal
ance
She
et.
7.1
.2
Th
e C
om
ple
tion
Bal
anc
e S
heet
sh
all
be
prep
ared
by
the
Sel
ler
(i)
in
acc
orda
nce
with
the
Sel
ler's
fin
anc
ial
sta
tem
ents
as
at
the
Com
ple
tion
Da
te w
hich
sta
tem
ent
s ha
ve t
o b
e p
repa
red
in a
ccor
danc
e w
ith t
he
Ag
reed
Acc
ount
ing
Prin
cip
les;
and
(ii)
in
the
sam
e fo
rma
t a
s th
e p
ro
form
a b
ala
nce
shee
t set
out
in S
ched
ule
5.
7.1
.3
Th
e S
elle
r a
gree
s th
at a
ll th
e R
eser
ve A
sset
s w
ill b
e tr
ans
ferr
ed t
o th
e P
urch
aser
in c
ash
form
and
in N
T$
and
the
am
ount
so
calc
ula
ted
will
be
use
d fo
r th
e p
urp
oses
of
the
pa
yme
nt a
nd a
ssig
nmen
t of
th
e R
eser
ve
Ass
ets
upon
the
Co
mp
letio
n D
ate
und
er
Sch
edul
e 4
of
this
Ag
reem
ent.
7.2
A
gree
men
t and
Det
erm
ina
tion
of th
e C
ompl
etio
n B
alan
ce S
heet
7.2
.1
With
in
thirt
y (3
0)
Bus
ines
s D
ays
a
fter
re
ceip
t of
th
e C
omp
letio
n B
alan
ce S
hee
t p
rovi
ded
by
the
Sel
ler
pur
sua
nt t
o su
b-c
laus
e 7
.1.1
, th
e P
urch
aser
ma
y gi
ve a
not
ice
to t
he
Sel
ler
(the
"D
ispu
te N
otic
e")
that
it
doe
s no
t ag
ree
with
th
e C
omp
letio
n B
ala
nce
She
et a
nd m
ust
incl
ude
in
tha
t no
tice
reas
ona
ble
des
crip
tion
or r
eser
vatio
n o
f th
e d
isp
uted
ma
tters
a
nd th
e re
aso
ns fo
r th
at d
isa
gre
emen
t.
7.2
.2
If w
ithin
the
per
iod
of th
irty
(30)
Bus
ines
s D
ays
se
t for
th in
Cla
use
7.2
.1
abo
ve th
e P
urch
aser
doe
s no
t giv
e a
Dis
put
e N
otic
e or
com
mu
nica
tes
to
the
Sel
ler
its a
gre
emen
t w
ith t
he C
om
ple
tion
Ba
lanc
e S
heet
, in
th
e
abse
nce
of m
anife
st e
rror
, th
e C
om
ple
tion
Ba
lanc
e S
heet
as
pro
vid
ed b
y th
e S
elle
r p
ursu
ant
to C
laus
e 7
.1.1
sha
ll b
e fin
al
and
bin
ding
on
the
Par
ties.
7.2
.3
If a
Dis
put
e N
otic
e is
giv
en b
y th
e P
urch
aser
und
er s
ub-c
laus
e 7
.2.1
, the
S
elle
r an
d th
e P
urc
hase
r m
ust
:
(a)
each
app
oin
t a r
epre
sent
ativ
e to
dis
cuss
eac
h m
att
er r
ais
ed in
the
Dis
put
e N
otic
e; a
nd
(T
he
ext
ract
of E
ng
lish
do
cum
en
ts is
for
refe
ren
ce o
nly
)
RE
ST
RIC
TE
D
13
(b)
ensu
re th
at i
ts r
epre
sen
tativ
e m
ake
s a
genu
ine
effo
rt to
neg
otia
te
an
agr
eem
ent o
n e
ach
suc
h m
atte
r w
ithin
ten
(10
) B
usin
ess
Da
ys
afte
r th
e D
isp
ute
No
tice
is g
iven
.
7.2
.4
If a
ma
tter
ra
ise
d in
Dis
put
e N
otic
e is
not
agr
eed
with
in t
en (
10)
Bus
ines
s D
ays
afte
r th
e D
isp
ute
Not
ice
is g
iven
, the
n th
e P
urch
aser
ma
y,
on
the
ele
ven
th (
11th)
Bus
ines
s D
ay a
fter
the
Dis
put
e N
otic
e is
giv
en, b
y w
ritt
en n
otic
e to
the
Se
ller
(the
"App
oint
men
t N
otic
e")
req
uire
tha
t all
out
sta
ndin
g m
att
ers
be
refe
rre
d to
the
Inde
pen
den
t Exp
ert i
n a
ccor
da
nce
with
the
pro
visi
ons
of t
his
Cla
use
7 fo
r d
eter
min
atio
n.
7.2
.5
If a
ma
tter
ra
ise
d in
Dis
put
e N
otic
e is
not
agr
eed
with
in t
en (
10)
Bus
ines
s D
ays
afte
r th
e D
isp
ute
Not
ice
is g
iven
an
d th
e P
urch
aser
doe
s n
ot g
ive
an
App
oin
tmen
t N
otic
e i
n ac
cord
anc
e w
ith C
laus
e 7
.2.4
, th
e C
omp
letio
n B
ala
nce
She
et
as p
rovi
ded
by
the
Sel
ler
pur
suan
t to
Cla
use
7.1
.1 s
hall
be
fina
l and
bin
din
g on
the
Pa
rtie
s.
7.2
.6
Th
e S
elle
r a
nd t
he P
urch
aser
mus
t:
(a)
join
tly
app
oint
a
nd
man
date
th
e In
dep
ende
nt
Exp
ert
to
det
erm
ine
the
ma
tters
in d
isp
ute
and
to
notif
y th
e P
artie
s of
an
y su
ch d
eter
min
atio
n; a
nd
(b)
use
rea
sona
ble
en
dea
vour
s to
pro
vide
th
e In
dep
ende
nt E
xper
t w
ith a
ny i
nfo
rmat
ion
, as
sist
anc
e a
nd c
oop
era
tion
rea
sona
bly
re
qui
red
by
the
Ind
epen
dent
Exp
ert a
nd
in a
tim
ely
ma
nner
.
7.2
.7
Th
e In
dep
ende
nt E
xper
t w
ill b
e en
ga
ged
as a
n e
xper
t b
y b
oth
Pa
rtie
s a
nd n
ot a
s a
n a
udi
tor
or a
rbitr
ato
r a
nd w
ill b
e d
irect
ed t
o d
ecid
e th
e m
atte
rs r
ais
ed in
the
Dis
put
e N
otic
e:
(a)
app
lyin
g th
e A
gree
d A
ccou
ntin
g P
rinci
ple
s; a
nd
(b)
exer
cisi
ng t
he I
nde
pen
den
t E
xper
t's o
wn,
ski
ll, j
udg
men
t an
d ex
per
ienc
e.
7.2
.8
Th
e In
dep
ende
nt E
xper
t sha
ll b
e in
stru
cte
d th
at p
rior
to it
s ow
n de
cisi
on
he
sha
ll gi
ve e
ach
of t
he P
art
ies
the
opp
ortu
nity
to p
rese
nt th
eir
view
s in
w
ritin
g a
nd,
on
eith
er
Pa
rty'
s re
que
st,
in
an
ora
l h
eari
ng.
T
he
Inde
pe
nden
t E
xper
t's
deci
sio
n sh
all
not
go
bey
ond
th
e is
sues
a
nd
spec
ific
valu
e in
dis
put
e.
The
In
dep
end
ent
Exp
ert's
dec
isio
n w
ill b
e co
mm
uni
cate
d t
o th
e P
artie
s a
nd,
in t
he a
bsen
ce o
f m
ani
fest
err
or,
will
b
e fin
al a
nd b
ind
ing
on th
e P
artie
s.
In t
he e
vent
of a
man
ifest
err
or,
the
rele
vant
pa
rt o
f th
e d
ecis
ion
will
be
sub
mitt
ed to
the
Ind
epen
den
t Exp
ert
for
corr
ectio
n.
The
pro
cess
sha
ll b
e co
ndu
cted
in
Tai
pe
i a
nd t
he
lang
uage
sha
ll b
e in
bo
th C
hine
se a
nd
Eng
lish.
7.2
.9
Th
e co
sts
of th
e In
dep
ende
nt E
xper
t mus
t be
bor
ne e
qu
ally
by
the
Sel
ler
and
the
Pur
chas
er.
7.2
.10
Wh
en:
17
(T
he
ext
ract
of E
ng
lish
do
cum
en
ts is
for
refe
ren
ce o
nly
)
RE
ST
RIC
TE
D
14
(a)
the
Sel
ler
and
the
Pur
chas
er
reac
h a
gree
men
t on
the
Co
mp
letio
n B
alan
ce S
heet
as
conf
irme
d b
y th
e P
artie
s in
wri
ting
;
(b)
the
Sel
ler
and
the
Pur
chas
er
are
dee
med
to
rea
ch a
gre
emen
t on
th
e
Co
mp
letio
n
Bal
anc
e S
heet
p
urs
uant
to
C
laus
e 7
.2.2
or
C
laus
e 7
.2.5
; or
(c)
the
Com
ple
tion
Ba
lan
ce S
heet
is fi
nal
ly d
eter
min
ed a
t any
sta
ge
in a
ccor
da
nce
with
the
pro
cedu
res
set o
ut i
n th
is C
laus
e 7
.2,
the
C
om
ple
tion
B
ala
nce
Sh
eet
as
so
agr
eed
or
de
term
ined
sh
all
cons
titut
e th
e re
leva
nt f
ina
l C
om
ple
tion
Ba
lanc
e S
hee
t (t
he "
Fin
al
Com
plet
ion
Bal
ance
She
et") f
or t
he p
urp
oses
of
this
Agr
eem
ent
and
sha
ll b
e fin
al a
nd b
indi
ng o
n th
e P
art
ies.
7.3
A
cces
s to
Per
sonn
el a
nd R
ecor
ds
To th
e ex
tent
lega
lly p
erm
itted
, the
Pu
rcha
ser
shal
l, to
the
exte
nt t
hat R
ecor
ds o
f th
e B
usin
ess
are
tra
nsfe
rred
to
th
e P
urch
aser
, (i)
with
in s
ixty
(6
0)
Bus
ines
s D
ays
aft
er t
he C
omp
letio
n Da
te o
r su
ch o
ther
da
te a
s m
ay
be
mut
ually
agr
eed
b y
the
Sel
ler
and
the
Pur
chas
er;
and
(ii)
dur
ing
the
dis
pu
te p
erio
d in
cas
e of
d
isp
ute
on t
he C
omp
letio
n B
ala
nce
She
et i
n a
ccor
dan
ce w
ith C
laus
e 7
.2,
pro
vide
the
Sel
ler,
its
em
plo
yee
s, a
gent
s a
nd
adv
iser
s up
on
rea
sona
ble
not
ice,
a
cces
s du
rin
g th
e W
orki
ng H
ours
to p
rem
ises
an
d p
erso
nnel
(in
clu
ding
, with
out
limita
tion,
act
uaria
l, fin
ance
and
rei
nsur
ance
sta
ff) a
nd t
o r
elev
ant
Re
cord
s o
f th
e B
usin
ess
tra
nsfe
rred
with
in t
he p
ower
or
con
trol
of
the
Pur
chas
er f
or t
he
pur
pos
es o
f p
repa
ring
the
Co
mp
letio
n B
ala
nce
She
et a
s co
nte
mp
late
d b
y su
b-c
laus
e 7
.1.1
.
7.4
Tr
ue-u
p
With
in f
iftee
n (
15)
Bus
ines
s D
ays
of
the
Fin
al
Co
mp
letio
n B
alan
ce S
heet
h
avin
g b
een
agr
eed
or d
ete
rmin
ed in
acc
orda
nce
with
Cla
use
7.2
:
7.4
.1
if th
e a
mo
unt
of th
e N
et A
sset
s / (
Lia
bilit
ies)
bef
ore
tra
nsfe
r o
f Res
erve
A
sset
s se
t ou
t in
the
Fin
al
Com
ple
tion
Ba
lanc
e S
heet
is
less
tha
n th
e a
mou
nt o
f the
Net
Ass
ets
/ (L
iab
ilitie
s) b
efo
re tr
ans
fer
of R
eser
ve A
sset
s se
t ou
t in
the
Pre
-Co
mp
letio
n B
ala
nce
Sh
eet,
the
Sel
ler
shal
l tra
nsfe
r to
th
e P
urch
aser
an
am
oun
t in
cas
h eq
ual t
o su
ch s
hor
tfall
am
oun
t; a
nd
7.4
.2
if th
e a
mo
unt
of th
e N
et A
sset
s / (
Lia
bilit
ies)
bef
ore
tra
nsfe
r o
f Res
erve
A
sset
s se
t ou
t in
the
Fin
al
Com
ple
tion
Ba
lanc
e S
hee
t ex
ceed
s th
e a
mou
nt o
f the
Net
Ass
ets
/ (L
iab
ilitie
s) b
efo
re tr
ans
fer
of R
eser
ve A
sset
s se
t ou
t in
th
e P
re-C
om
ple
tion
Ba
lanc
e S
heet
, th
e P
urch
ase
r sh
all r
etur
n to
the
Sel
ler
an
am
oun
t in
cash
, eq
ual t
o su
ch d
iffer
ence
,
in e
ach
cas
e, s
uch
pa
ymen
t sh
all
be
ma
de
by
tran
sfer
of
fund
s fo
r sa
me
day
valu
e to
the
ba
nk a
ccou
nt w
hich
is n
otifi
ed in
writ
ing
to t
he P
art
y re
qu
ired
to
ma
ke a
pa
yme
nt u
nde
r th
is C
laus
e 7
.4 b
y th
e o
ther
Par
ty.
(T
he
ext
ract
of E
ng
lish
do
cum
en
ts is
for
refe
ren
ce o
nly
)
RE
ST
RIC
TE
D
15
8.
SE
PA
RA
TIO
N A
ND
MIG
RA
TIO
N P
LAN
NIN
G A
ND
TR
AN
SIT
ION
AL
SE
RV
ICE
S
8.1
T
he P
art
ies
agr
ee a
nd a
ckno
wle
dge
tha
t the
ob
ject
ive
of th
e P
art
ies
in r
ela
tion
to t
he S
epar
atio
n is
the
timel
y a
nd e
ffect
ive
sep
ara
tion
of th
e B
usin
ess
Ass
ets
from
the
Se
ller
and
the
tra
nsfe
r of
th
e B
usin
ess
Ass
ets
to t
he P
urch
aser
in a
st
ate
su
ch t
hat
the
Pur
chas
er i
s ca
pa
ble
of
oper
atin
g an
d m
an
agin
g th
e B
usin
ess
Ass
ets
in a
com
pe
ten
t a
nd f
unc
tiona
l m
ann
er f
rom
the
Effe
ctiv
e
Tim
e.
Th
e P
artie
s a
gree
to
exec
ute
the
Ser
vice
s A
gree
men
t ("
Ser
vice
s A
gree
men
t") i
n t
he f
orm
and
sub
sta
nce
as
Sch
edu
le 9
to
this
Ag
reem
ent
, co
ncur
ren
tly w
ith t
he
exe
cutio
n of
th
is A
gree
men
t.
The
Par
ties
ackn
owle
dge
and
agr
ee t
hat
the
Ser
vice
s A
gree
men
t in
clud
es t
he s
epar
atio
n pl
an
(the
"S
epar
atio
n P
lan"
), D
ata
Mig
ratio
n, T
rans
ition
al S
ervi
ces
and
an
y re
spec
tive
su
ppor
ting
serv
ices
by
the
Sel
ler
as
furt
her
defin
ed in
the
Ser
vice
s A
gree
men
t.
8.2
F
rom
the
dat
e o
f th
is A
gree
men
t, t
he P
artie
s sh
all
coop
era
te in
goo
d fa
ith t
o p
lan
and
pre
par
e fo
r th
e im
ple
men
tatio
n of
the
tra
nsac
tions
con
tem
pla
ted
by
this
Agr
eem
ent
and
the
Ser
vice
s A
gre
emen
t.
8.3
A
s so
on a
s re
ason
ably
pra
ctic
ab
le a
fter
the
date
of t
his
Agr
eem
ent
, the
Pa
rtie
s sh
all
esta
blis
h (a
t th
eir
own
cost
s) a
join
t mig
ratio
n co
mm
ittee
to
ove
rsee
an
d m
ana
ge t
he S
epa
ratio
n a
nd t
he D
ata
Mig
ratio
n r
efer
red
to in
Cla
use
8.1
(th
e
"Mig
ratio
n C
omm
ittee
")
com
pris
ing
a
n eq
ual
num
be
r of
su
itabl
e re
pres
enta
tives
no
min
ated
b
y th
e S
elle
r a
nd
the
P
urch
aser
, su
ch
repr
esen
tativ
es t
o h
ave
the
req
uisi
te s
kills
, kn
owle
dge
and
exp
erie
nce
to
disc
uss,
co-
ord
ina
te a
nd m
ake
arr
ange
men
ts t
o g
ive
effe
ct t
o th
e S
ervi
ces
Agr
eem
ent.
A
ny
dec
isio
n b
y th
e M
igra
tion
Co
mm
itte
e sh
all
req
uire
the
ap
pro
val
of a
t le
ast
one
nom
inee
of
the
Pu
rcha
ser
and
one
no
min
ee o
f th
e S
elle
r. T
he
Par
ties
ackn
owle
dge
and
agr
ee th
at t
he M
igra
tion
Co
mm
itte
e w
ill
be
the
prim
ary
fo
rum
thr
ough
whi
ch t
he
Sel
ler
and
the
Pur
chas
er w
ill w
ork
toge
ther
to
imp
lem
ent
the
Sep
ara
tion
Pla
n, D
ata
Mig
ratio
n a
nd
othe
r m
atte
rs
unde
r th
e S
ervi
ces
Agr
eem
ent
and
will
me
et o
n a
reg
ular
bas
is a
s ap
prop
riate
to
thi
s en
d.
8.4
T
he M
igra
tion
Co
mm
itte
e sh
all
in g
ood
faith
coo
rdin
ate
for
the
exe
cutio
n a
nd
imp
lem
enta
tion
of
the
Ser
vice
s A
gre
em
ent.
It
is t
he P
urch
aser
’s p
lan
to
com
ple
te
the
Da
ta
Mig
ratio
n o
n o
r w
ithin
a
ce
rta
in
per
iod
afte
r th
e C
om
ple
tion
Da
te, s
ubje
ct t
o di
scus
sio
n a
nd a
gree
men
t by
the
Par
ties.
8.5
T
he P
artie
s sh
all c
omp
ly w
ith t
heir
resp
ectiv
e ob
liga
tions
und
er t
he
Ser
vice
s A
gree
men
t and
sh
all
pro
vide
or
del
iver
to e
ach
oth
er s
uch
info
rma
tion
or
task
s as
an
othe
r P
arty
ma
y re
aso
nab
ly r
equ
ire
to p
erfo
rm it
s ob
liga
tions
und
er t
he
Ser
vice
s A
gree
men
t.
Fo
r a
void
an
ce o
f do
ubt,
it w
ill b
e th
e o
blig
atio
n of
the
S
elle
r to
p
roce
ed
with
th
e S
epar
atio
n o
n co
nditi
on
tha
t th
e P
urch
aser
co
mp
lete
s th
e m
atte
rs r
equ
ired
for
the
Sep
ara
tion
pro
vide
d i
n th
e S
erv
ices
A
gree
men
t, a
nd
the
oblig
atio
ns o
f the
Sel
ler
and
the
Pur
chas
er to
hav
e th
e da
ta
and
the
req
uire
d R
ecor
ds a
ppro
pria
tely
mig
rate
d to
the
Pur
chas
er's
IT S
yste
ms
in a
tim
ely,
fu
nctio
nal a
nd e
ffect
ive
ma
nner
.
8.6
T
he S
elle
r a
gree
s to
bea
r a
ll of
the
exp
ens
es,
fees
, pr
ices
and
cos
ts f
or t
he
prep
ara
tion
serv
ices
and
th
e T
ran
sitio
nal
Ser
vice
s, a
s fu
rth
er s
et f
orth
in
the
18
(T
he
ext
ract
of E
ng
lish
do
cum
en
ts is
for
refe
ren
ce o
nly
)
RE
ST
RIC
TE
D
16
Serv
ices
Agr
eem
ent.
Th
e P
urch
aser
agr
ees
to p
ay t
he
pric
es a
nd
cost
s of
the
se
rvic
es f
or
the
Dat
a M
igra
tion
and
th
e p
ost
mig
ratio
n su
pp
ortin
g s
ervi
ces
pro
vid
ed b
y th
e su
bco
ntra
ctor
s en
gage
d a
nd
pa
id b
y th
e S
elle
r fo
r D
MS
IT
de
velo
pm
ent
(as
def
ined
in
th
e S
ched
ule
3 o
f th
e S
ervi
ces
Agr
eem
ent)
, a
s fu
rth
er s
et f
orth
in t
he
Se
rvic
es A
gre
em
ent.
F
or t
he a
void
anc
e of
an
y do
ub
t, ea
ch P
arty
sha
ll p
ay i
ts o
wn
cost
s in
rel
atio
n to
the
per
form
anc
e of
its
ob
ligat
ions
and
the
co
mp
letio
n of
its
task
s un
der
the
Ser
vice
s A
gre
emen
t.
8.7
If
the
tra
nsa
ctio
ns c
onte
mp
late
d b
y th
is A
gree
men
t are
no
t co
mp
lete
d a
nd th
is
Agr
eem
ent
is t
erm
ina
ted
for
the
reas
ons
othe
r th
an t
hat
ite
m 4
of
the
Sel
ler's
C
ond
ition
s in
Sch
edul
e 3
is n
ot s
atis
fied
bef
ore
the
Lon
g S
top
Da
te o
r Alli
anz
SE
do
es n
ot c
omp
lete
the
cap
ital i
njec
tion
into
the
Sel
ler,
fift
y p
erce
nt (
50%
) of
all
pric
es, c
osts
and
exp
ense
s ac
tual
ly p
aid
by
the
Sel
ler
for
the
prep
ara
tion
serv
ices
in
rela
tion
to t
he B
usin
ess
IT S
yste
ms
(as
furt
her
def
ined
in
the
S
ervi
ces
Ag
ree
men
t) a
s se
t fo
rth
in S
ched
ule
3 o
f th
e S
ervi
ces
Agr
eem
ent
sha
ll b
e r
eim
bur
sed
by
the
Pur
chas
er t
o th
e S
elle
r w
ithin
tw
o (
2) w
eeks
afte
r th
is A
gree
men
t is
term
ina
ted
.
8.8
S
ave
for
the
inte
rfac
es b
etw
een
the
Bus
ines
s IT
Sys
tem
s a
nd t
he
Pur
chas
er's
IT
Sys
tem
s a
s ag
reed
by
the
Pa
rtie
s in
the
Sep
ara
tion
Pla
n a
nd/o
r th
e S
ervi
ces
Agr
eem
ent,
ea
ch P
arty
ag
rees
and
ack
now
ledg
es t
hat
the
Sep
ara
tion
Pla
n, o
r a
ny o
ther
pro
visi
on o
f th
is A
gre
emen
t:
8.8
.1 d
oes
not
gra
nt o
r sh
all
not
be
dee
med
to
gra
nt
per
mis
sio
n to
a P
arty
, its
re
pre
sent
ativ
es o
r gr
oup
me
mb
ers
to a
cces
s; a
nd
8.8
.2 s
uch
Par
ty s
hal
l not
(a
nd s
hall
pro
cure
tha
t its
rep
rese
nta
tive
s o
r gr
oup
me
mb
ers
will
not
) ac
cess
pri
or t
o th
e C
omp
letio
n D
ate
,
in t
he c
ase
of
the
Pur
chas
er,
the
Bus
ines
s IT
Sys
tem
s, a
nd i
n th
e ca
se o
f th
e S
elle
r, t
he P
urch
aser
's I
T S
yste
ms,
or
any
oth
er n
etw
ork,
inc
ludi
ng
with
out
lim
itatio
n, s
yste
ms,
lo
cal
are
a n
etw
orks
, w
ide
are
a n
etw
orks
, vi
rtu
al
pri
vate
n
etw
ork
s, o
r n
etw
orks
con
nect
ed t
o th
ird p
arty
sys
tem
s of
the
oth
er P
arty
(a
s th
e ca
se m
ay
be)
.
9.
UN
DE
RTA
KIN
GS
RE
LAT
ING
TO
TH
E IM
PLE
ME
NTA
TIO
N O
F
TR
AN
SF
ER
OF
BU
SIN
ES
S
9.1
T
he S
elle
r a
nd
the
Pur
chas
er i
n re
latio
n to
the
tra
nsfe
r of
the
Bus
ine
ss s
hall
toge
ther
, as
soo
n as
pra
ctic
abl
e af
ter
the
dat
e o
f thi
s A
gree
men
t, m
eet w
ith th
e F
SC
to
disc
uss
the
step
s a
nd ti
me
tab
le f
or t
he tr
ans
fer
as n
eces
sary
.
9.2
E
ach
Par
ty s
hal
l us
e its
rea
sona
ble
end
eavo
urs
to a
chie
ve t
he s
teps
an
d tim
elin
es
ag
reed
b
y th
e P
artie
s fo
llow
ing
disc
ussi
on
with
th
e F
SC
to
im
ple
men
t th
e tr
ans
fer
of th
e B
usin
ess.
9.3
E
ach
P
art
y ag
rees
to
ke
ep
the
othe
r P
arty
in
form
ed
of
all
ma
teri
al
deve
lop
me
nts
rela
ting
to,
or
whi
ch m
ay
mat
eria
lly i
mp
act
upo
n, t
he t
ime
ly
imp
lem
enta
tion
of
the
tra
nsfe
r an
d th
e st
eps
prop
osed
ther
ein.
(T
he
ext
ract
of E
ng
lish
do
cum
en
ts is
for
refe
ren
ce o
nly
)
RE
ST
RIC
TE
D
17
9.4
The
Sel
ler
and
the
Pur
chas
er in
res
pec
t of t
he
tran
sfer
of t
he B
usin
ess
will
: (i)
cons
ult
with
ea
ch
othe
r w
ith
rega
rd
to
any
m
ate
ria
l co
mm
unic
atio
ns,
corr
esp
ond
enc
e o
r do
cum
ents
(c
olle
ctiv
ely,
"
Doc
umen
ts")
rela
ting
to
obta
inin
g th
e ap
pro
vals
req
uire
d to
giv
e ef
fect
to
the
tra
nsfe
r of
th
e B
usin
ess
to b
e se
nt, f
iled
or
sub
mitt
ed b
y ei
ther
of t
hem
to, o
r re
ceiv
ed b
y ei
ther
of t
hem
fr
om t
he R
egul
ato
ry A
uth
ori
ty (
incl
udin
g b
ut n
ot li
mite
d to
the
FS
C a
nd
any
othe
r co
mp
eten
t a
utho
ritie
s th
at t
he
Par
ties
shal
l fil
e fo
r th
eir
app
rova
ls
req
uire
d to
giv
e e
ffect
to th
e t
rans
actio
ns c
onte
mp
late
d b
y th
is A
gree
men
t) a
t su
ch t
ime
as
will
allo
w t
he
othe
r P
arty
a r
easo
nab
le o
pp
ortu
nity
to
pro
vide
co
mm
ents
on
such
Do
cum
ents
; (ii)
giv
e ea
ch o
ther
all
info
rma
tion
reas
onab
ly
req
ues
ted
by
tha
t P
arty
in
co
nnec
tion
w
ith
any
ap
plic
atio
n re
latin
g to
ob
tain
ing
the
appr
ova
ls r
equi
red
to g
ive
effe
ct t
o th
e t
rans
fer
of t
he
Bus
ines
s A
sset
s; (
iii)
take
into
acc
oun
t the
rea
sona
ble
com
men
ts o
f th
e ot
her
in r
ela
tion
to a
ny
such
Doc
umen
ts t
o b
e se
nt,
filed
or
sub
mitt
ed b
y ei
ther
of
the
m t
o th
e
Reg
ula
tory
A
uth
ority
; (i
v)
pro
vid
e ea
ch
oth
er
with
co
pies
of
a
ll su
ch
Doc
umen
ts (
exce
pt
the
docu
men
ts s
olel
y re
late
d t
o e
ach
Pa
rty)
eith
er s
ent
to,
or
rec
eive
d f
rom
, th
e R
egul
ato
ry A
utho
rity
to i
mp
lem
ent
the
tra
nsfe
r of
the
B
usin
ess
(exc
ept
the
doc
um
ents
sol
ely
rela
ted
to e
ach
Pa
rty)
; a
nd (
v) w
here
re
qu
este
d, a
llow
per
sons
no
min
ate
d b
y th
e ot
her
Pa
rty
to a
tten
d an
y m
eet
ing
or
tel
epho
ne c
all
with
the
Re
gula
tory
Au
thor
ity i
n re
latio
n t
o o
bta
inin
g th
e
app
rova
ls r
equi
red
to g
ive
effe
ct to
the
tra
nsfe
r of
the
Bus
ines
s.
9.5
T
he P
artie
s un
der
take
tha
t al
l in
form
atio
n to
be
pro
vide
d t
o th
e R
egu
lato
ry
Aut
hori
ty i
n co
nne
ctio
n w
ith t
he
tra
nsfe
r of
the
Bus
ines
s sh
all
be
true
an
d a
ccur
ate
and
no
t mis
lea
ding
in a
ny m
ate
rial
res
pec
t.
10
. N
OT
ICE
OF
TR
AN
SF
ER
10.1
A
s so
on a
s re
aso
nab
ly p
ract
icab
le a
fter
the
exe
cutio
n of
thi
s A
gree
men
t or
un
less
oth
erw
ise
req
uire
d u
nder
the
secu
ritie
s or
insu
ranc
e la
w w
hich
req
uire
s th
e S
elle
r or
the
Pur
chas
er t
o m
ake
a p
ublic
ann
oun
cem
ent
imm
edia
tely
afte
r th
e e
xecu
tion
of
this
A
gree
men
t o
r a
ny
ma
teri
al
dev
elo
pm
ent
of
the
tr
ans
actio
n co
nte
mp
late
d u
nder
th
is A
gree
men
t, t
he
Par
ties
sha
ll p
rocu
re t
hat
an
anno
unc
em
ent
of
tra
nsfe
r re
latin
g to
th
e sa
le a
nd p
urch
ase
of
the
Bus
ines
s A
sset
s is
pub
lishe
d.
Su
ch a
nno
unc
emen
t sh
all
be
give
n w
itho
ut p
reju
dice
to
the
right
s a
nd o
blig
atio
ns o
f th
e P
art
ies,
as
aga
inst
ea
ch o
ther
, u
nder
thi
s A
gree
men
t.
10.2
T
he P
artie
s m
ust
exe
cute
all
docu
men
ts a
nd
do a
ll ot
her
thin
gs n
eces
sary
to
qua
lify
as,
and
giv
e ef
fect
to a
sp
in-o
ff un
der
the
R.O
.C. B
usin
ess
Mer
gers
an
d A
cqui
sitio
ns A
ct,
to t
he e
xten
t p
ossi
ble
, of
th
e B
usin
ess,
inc
lud
ing
with
out
limita
tion
(bu
t su
bje
ct t
o a
ny a
dditi
ona
l or
new
req
uire
men
ts a
s m
ay
be
imp
ose
d b
y th
e re
leva
nt
Reg
ula
tory
Aut
horit
y):
10
.2.1
pre
pari
ng a
pub
lic a
nno
unce
me
nt,
in a
fo
rm t
o b
e ag
reed
bet
wee
n th
e
Sel
ler
and
the
Pur
chas
er,
to b
e p
ublis
hed
join
tly in
a n
atio
nal n
ewsp
aper
in
the
R.O
.C. b
y th
e S
elle
r a
nd
the
Pur
chas
er w
ith r
esp
ect t
o th
e sp
in-o
ff w
hic
h w
ill in
clud
e, w
ithou
t lim
itatio
n, th
e fo
llow
ing
deta
ils:
(a)
nam
es o
f th
e S
elle
r a
nd th
e P
urch
ase
r;
19
(T
he
ext
ract
of E
ng
lish
do
cum
en
ts is
for
refe
ren
ce o
nly
)
RE
ST
RIC
TE
D
18
(b)
the
sc
ope
of
th
e B
usin
ess
Ass
ets
and
th
e Li
abili
ties
to
be
tra
nsfe
rred
; and
(c)
a p
erio
d of
no
less
th
an t
hirt
y (3
0) d
ays
for
th
e S
elle
r's c
redi
tors
(i
nclu
ding
the
Pol
icyh
old
ers)
to r
ais
e ob
ject
ion.
10
.2.2
pub
lishi
ng t
he p
ublic
an
nou
nce
me
nt a
fter
the
Sel
ler's
sha
reho
lde
rs'
me
etin
g re
ferr
ed t
o ite
m 2
of
the
Sel
ler's
Con
diti
ons
in S
ched
ule
3 a
nd
the
P
urch
aser
's
sha
reho
lder
s'
mee
ting
refe
rred
to
ite
m
2
of
the
Pur
chas
er's
C
ond
ition
s in
S
che
dule
3
re
spec
tive
ly
ap
prov
e th
e
tra
nsac
tions
con
tem
pla
ted
by
this
Agr
eem
ent;
and
10
.2.3
afte
r th
e S
elle
r's s
hare
hol
ders
' me
etin
g re
ferr
ed t
o ite
m 2
of
the
Sel
ler's
C
ond
ition
s in
Sch
edul
e 3
and
the
Pur
chas
er's
sha
reh
olde
rs'
me
etin
g re
ferr
ed
to
item
2
of
th
e P
urch
aser
's
Con
ditio
ns
in
Sch
edu
le
3 re
spec
tivel
y a
pp
rove
th
e tr
ans
act
ions
con
tem
pla
ted
by
this
Agr
eem
ent,
th
e P
artie
s sh
all
pro
cure
tha
t a
not
ice,
whi
ch w
ill i
nclu
de,
with
out
limita
tion,
the
deta
ils s
et fo
rth
in C
laus
e 10
.2.1
(a)
to 1
0.2
.1(c
), is
sen
t to
each
of t
he
Po
licyh
olde
rs a
nd
cred
itors
in r
elat
ion
to th
e B
usin
ess
Ass
ets,
in
form
ing
the
m o
f th
e tr
ansf
ers
to b
e ef
fect
ed u
nder
thi
s A
gree
men
t.
10.3
U
pon
sat
isfa
ctio
n of
all
the
Con
ditio
ns li
sted
in S
ched
ule
3,
the
Pa
rtie
s sh
all
pro
cure
that
a p
ublic
ann
oun
cem
ent,
in a
form
to b
e a
gree
d b
etw
een
the
Se
ller
and
th
e P
urch
aser
a
nd a
pp
rove
d o
r ac
know
ledg
ed b
y th
e F
SC
, w
ill
be
pub
lishe
d jo
intly
by
the
Pa
rtie
s in
a n
atio
na
l new
spa
per
in t
he R
.O.C
.
10.4
U
pon
sa
tisfa
ctio
n o
f all
the
Con
ditio
ns a
s lis
ted
in S
ched
ule
3, t
he P
artie
s sh
all
pro
cure
tha
t a
no
tice,
in
a f
orm
to
be
agr
eed
be
twee
n t
he S
elle
r an
d th
e P
urch
aser
, is
sen
t to
ea
ch o
f the
Po
licyh
olde
rs, i
nfo
rmin
g th
em
of
the
tran
sfer
to
be
effe
cted
on
the
Com
ple
tion
Da
te.
10.5
If
a P
olic
yhol
der
rais
es h
is/h
er o
bje
ctio
n to
th
e tr
ansf
er o
f h
is/h
er I
nsur
ance
P
olic
y to
the
Pur
chas
er w
ithin
any
thi
rty
(30
) da
ys p
erio
d of
tim
e a
s no
tifie
d b
y th
e S
elle
r (t
he
“Obj
ectio
n P
erio
d”)
and
doe
s no
t w
ithdr
aw
suc
h ob
ject
ion
b
efor
e th
e C
om
ple
tion
Da
te (
the
"D
isse
ntin
g P
olic
yhol
der")
, th
e S
elle
r sh
all
exe
rcis
e its
bes
t effo
rt to
dea
l with
and
set
tle w
ith th
e D
isse
ntin
g P
olic
yhol
der
b
y of
feri
ng t
o re
fund
th
e p
olic
y va
lue
and
ter
min
ate
the
In
sura
nce
Pol
icie
s o
f su
ch D
isse
ntin
g P
olic
yho
lder
s (t
he
"Te
rmin
atio
n P
rogr
am")
.
10.6
N
otw
ithst
and
ing
Cla
use
10
.5 a
bov
e, i
f a
Reg
ula
tory
Au
thor
ity i
mp
ose
s o
r re
que
sts
a co
nditi
on
or r
equi
rem
ent
wh
ich
de
viat
es f
rom
the
Ter
min
atio
n P
rogr
am,
the
Pa
rtie
s sh
all
use
thei
r re
aso
nab
le e
ndea
vor
to
disc
uss
and
neg
otia
te i
n g
ood
fa
ith (
a)
with
the
Reg
ula
tory
Aut
hori
ty f
or t
he p
urp
ose
of
seek
ing
to r
emo
ve s
uch
cond
ition
or
req
uire
men
t, a
nd (
b) w
ith e
ach
oth
er t
o de
term
ine
if R
eser
ve A
sset
s a
djus
tmen
t m
echa
nism
ma
y m
ake
th
e im
pos
ed
cond
itio
n or
re
qui
rem
ent
m
utu
ally
a
ccep
tab
le.
If
such
co
ndi
tion
or
req
uire
me
nt c
ann
ot b
e re
mo
ved
or a
gree
d b
y th
e S
elle
r w
ithin
nin
ety
(90
) da
ys
afte
r it
is im
pos
ed
or m
ade
, and
the
Par
ties
cann
ot a
gree
with
in s
uch
per
iod
on
a m
echa
nis
m t
hat
ma
kes
the
cond
ition
or
req
uire
men
t a
ccep
tab
le f
or b
oth
Par
ties,
a P
art
y m
ay
term
ina
te t
his
Agr
eem
ent
by
givi
ng
wri
tten
not
ice
to t
he
othe
r P
art
y sa
ve f
or t
he S
urvi
ving
Pro
visi
ons.
(T
he
ext
ract
of E
ng
lish
do
cum
en
ts is
for
refe
ren
ce o
nly
)
RE
ST
RIC
TE
D
19
10.7
To
cla
rify
an
y P
olic
yhol
der's
con
cern
or
inq
uiry
reg
ard
ing
the
iden
tity
and
ot
her
ma
tters
of t
he P
urch
ase
r, th
e P
urch
aser
agr
ees
to p
rovi
de th
e S
elle
r w
ith
all
non-
conf
iden
tial
docu
men
ts a
nd i
nfor
ma
tion
rea
sona
bly
req
uest
ed b
y th
e
Sel
ler
or
the
Pol
icyh
old
er.
11
. C
OM
PLE
TIO
N
11.1
C
om
ple
tion
sha
ll ta
ke p
lace
at
10 a
.m.
at
the
offi
ce o
f B
aker
& M
cKen
zie,
Ta
ipei
Offi
ce, o
n th
e C
omp
letio
n D
ate
.
11.2
If
the
effe
ctiv
e d
ate
set
for
th i
n th
e S
pin
-Off
Pla
n n
eed
s to
be
cha
nged
, th
e P
artie
s ag
ree
to
cha
nge
such
ef
fect
ive
date
to
th
e C
om
ple
tion
Da
te
in
acc
ord
anc
e w
ith t
his
Agr
eem
ent.
11.3
O
n th
e C
om
ple
tion
Da
te, t
he S
elle
r a
nd th
e P
urch
ase
r sh
all
do
all t
hos
e th
ing
s re
spec
tive
ly r
equi
red
of
the
m i
n S
ched
ule
4.
The
Pur
chas
er s
hall
pa
y to
the
S
elle
r th
e P
urch
ase
Pric
e b
y tr
ans
fer
of f
und
s fo
r sa
me
day
valu
e to
the
a
ccou
nt
whi
ch i
s sp
ecifi
ed i
n S
ched
ule
4 o
r an
y o
ther
acc
ount
wh
ich
is
subs
eque
ntly
not
ified
in w
ritin
g to
the
Pur
chas
er b
y th
e S
elle
r a
t lea
st th
ree
(3)
B
usin
ess
Da
ys p
rior
to t
he C
om
ple
tion
Da
te.
11.4
N
eith
er t
he S
elle
r no
r th
e P
urc
hase
r is
ob
liged
to
com
ple
te t
his
Agr
eem
ent
in
rela
tion
to t
he
sale
an
d p
urch
ase
of t
he
Bus
ines
s A
sset
s un
less
the
sal
e an
d p
urch
ase
of t
he
Bus
ines
s A
sset
s is
co
mp
lete
d s
imu
ltan
eous
ly.
11.5
If
the
Pur
chas
er o
r th
e S
elle
r fa
ils to
com
ply
with
any
of
its o
blig
atio
ns u
nder
th
is C
laus
e 11
an
d S
ched
ule
4 (
whe
ther
th
at f
ailu
re a
mou
nts
to a
rep
udia
tory
br
each
or
no
t),
then
th
e S
elle
r (i
n th
e
case
of
n
on-c
om
plia
nce
by
the
Pur
chas
er),
or
the
Pur
chas
er (
in t
he c
ase
of n
on-c
omp
lianc
e b
y th
e S
elle
r),
ma
y b
y n
otic
e in
wri
ting
to th
e de
fau
lting
Par
ty (
with
out p
reju
dic
e to
an
y ot
her
ri
ghts
of
th
e P
urch
aser
or
th
e S
elle
r,
as
the
case
m
ay
be,
un
der
this
A
gree
men
t):
11
.5.1
pro
ceed
to
such
Com
ple
tion
to t
he e
xten
t re
ason
ab
ly p
ract
ica
ble
and
re
qui
re t
he
defa
ultin
g P
arty
to
per
form
its
ob
liga
tions
pur
sua
nt
to
Sch
edul
e 4
with
in th
ree
(3)
Bus
ines
s D
ays
or
such
oth
er p
erio
d d
eem
ed
ap
pro
pria
te b
y th
e no
tifyi
ng
part
y; o
r
11
.5.2
pos
tpo
ne s
uch
Com
ple
tion
to s
uch
date
as
the
notif
ying
Par
ty m
ay
spec
ify (
bei
ng
a d
ate
not
late
r th
an
the
Lon
g S
top
Da
te).
11.6
If
a P
arty
pos
tpon
es t
he C
om
ple
tion
to a
noth
er d
ate
in
acc
orda
nce
with
su
b-cl
aus
e 11
.5.2
, the
pro
visi
ons
of th
is A
gree
men
t sha
ll ap
ply
as
if th
at o
ther
da
te is
the
Com
ple
tion
Dat
e.
12
. S
ELL
ER
'S W
AR
RA
NT
IES
AN
D L
IMIT
AT
ION
S O
F LI
AB
ILIT
Y
12.1
T
he S
elle
r w
arr
ant
s a
nd
repr
esen
ts t
o th
e P
urc
hase
r th
at a
s at
th
e d
ate
of
this
A
gree
men
t an
d a
t C
om
ple
tion
th
e W
arra
ntie
s se
t ou
t in
Sch
edu
le 6
are
tru
e,
acc
ura
te a
nd n
ot m
isle
adi
ng.
20
(T
he
ext
ract
of E
ng
lish
do
cum
en
ts is
for
refe
ren
ce o
nly
)
RE
ST
RIC
TE
D
20
12.2
T
he W
arr
ant
ies
are
qua
lifie
d b
y th
e f
act
s a
nd c
ircu
mst
ance
s di
sclo
sed
in t
he
Dis
clos
ure
Lett
er o
r th
e S
upp
lem
enta
l D
iscl
osur
e Le
tter
or
in a
ny
of t
he
docu
men
ts a
nne
xed
to t
he D
iscl
osur
e L
ette
r or
the
Su
pp
lem
enta
l D
iscl
osur
e Le
tter
and
by
all
info
rma
tion
disc
lose
d in
the
Da
ta R
oo
m to
the
exte
nt th
at t
he
info
rmat
ion
dis
clos
ed in
the
Da
ta R
oom
is p
rovi
ded
to th
e P
urc
hase
r in
a d
isk.
12.3
T
he P
urch
aser
ack
now
ledg
es a
nd
agr
ees
tha
t:
12
.3.1
no
rep
rese
ntat
ion
or w
arra
nty
(ex
pre
ss o
r im
plie
d) h
as b
een
ma
de b
y th
e
Sel
ler
or
any
of
its
resp
ectiv
e d
irec
tors
, su
pe
rvis
ors,
sh
are
hol
ders
, e
mp
loye
es
or
adv
iser
s as
to, a
nd n
o pr
ovi
sion
of
this
Agr
eem
ent
will
be
cons
tru
ed a
s a
rep
rese
ntat
ion
or
war
rant
y (e
xpre
ss o
r im
plie
d) a
s to
:
(a)
the
ac
cura
cy
of
the
fore
cast
s,
estim
ate
s,
pro
ject
ions
o
r st
atem
ents
of
inte
nt
pro
vide
d to
th
e P
urc
hase
r o
r th
eir
adv
ise
rs
on
or
pri
or
to
the
date
of
th
is
Agr
eem
ent
(wh
ethe
r in
th
e tr
ans
actio
n su
mm
ary
doc
um
ent
pre
pare
d b
y T
he H
ongk
ong
and
S
han
gha
i B
ank
ing
Cor
pora
tion
Lim
ited
da
ted
Apr
il 2
017
, th
e a
ctua
rial
rep
ort p
repa
red
by
Tow
ers
Wat
son
Hon
g K
ong
Lim
ited
en
title
d Va
lua
tion
of L
ega
cy B
lock
as
of 3
1 D
ece
mb
er 2
016
dat
ed 1
8 A
pril
201
7,
pres
enta
tions
or
othe
rwis
e) o
r in
the
Da
ta
Roo
m;
(b)
the
fu
ture
per
form
anc
e, p
rob
able
suc
cess
or
futu
re p
rofit
abili
ty
of t
he B
usin
ess;
(c)
the
ade
qua
cy o
f th
e R
eser
ve A
sset
s, R
eser
ves
or
pro
visi
ons
for
loss
es,
cla
ims,
p
rem
ium
s,
pol
icy
ben
efits
a
nd
exp
ense
s in
re
spec
t of
the
Bus
ines
s; o
r
(d)
any
jud
gm
ent
ba
sed
on
and
the
app
rop
riate
ness
of
an
y a
ctua
rial
prin
cip
les,
ass
ump
tions
or
met
hod
olog
ies
ado
pted
by
the
Sel
ler
and
app
lied
by
the
Se
ller
in t
he p
rep
ara
tion
of
the
Ap
poi
nte
d A
ctua
ry
Op
inio
n of
th
e S
elle
r fo
r th
e ye
ar
ende
d o
n 3
1 D
ece
mb
er 2
016
; and
12
.3.2
sub
ject
to c
omp
lianc
e b
y th
e S
elle
r w
ith C
laus
es 6
an
d 7
, th
e ap
plic
able
R
.O.C
. la
ws
and
the
req
uire
men
ts b
y th
e R
egu
lato
ry A
uth
ority
, th
e
Sel
ler
sha
ll n
ot h
ave
an
y lia
bili
ty t
o th
e P
urch
aser
if t
he R
ese
rve
Ass
ets
are
no
t a
deq
ua
te
to
me
et t
he l
iab
ilitie
s as
sum
ed
by
the
Pu
rcha
ser
pur
sua
nt t
o th
is A
gre
eme
nt.
12.4
T
he S
elle
r he
reb
y co
ven
ant
s a
nd u
nder
take
s to
th
e P
urch
ase
r th
at t
he
Sel
ler
sha
ll co
mp
ensa
te a
nd i
nde
mni
fy t
he
Pur
chas
er a
nd k
eep
the
Pur
cha
ser
fully
a
nd e
ffect
ivel
y co
mp
ensa
ted,
ind
em
nifie
d a
nd h
arm
less
fro
m a
nd a
gai
nst
all
Loss
es a
nd/o
r ad
ditio
nal
liab
ilitie
s to
the
Lia
bili
ties
wh
ich
ma
y b
e m
ade
a
gain
st o
r su
ffere
d o
r in
curr
ed b
y th
e P
urc
hase
r o
n or
aft
er th
e E
ffect
ive
Tim
e,
caus
ed b
y or
aris
ing
from
(i)
an
y in
acc
urac
y in
or
bre
ach
of t
he W
arra
ntie
s, (
ii)
failu
re o
f the
per
form
ance
of p
rovi
sion
s un
der
this
Agr
eem
ent,
and/
or (
iii)
any
sta
tuto
ry jo
int
and
se
vera
l lia
bili
ties
with
th
e S
elle
r ar
isin
g f
rom
the
sp
in-o
ff a
nd
cla
imed
a
gain
st
the
Pu
rcha
ser
und
er
the
Bus
ines
s M
erge
rs
and
(T
he
ext
ract
of E
ng
lish
do
cum
en
ts is
for
refe
ren
ce o
nly
)
RE
ST
RIC
TE
D
21
Acq
uisi
tions
Act
, pro
vide
d th
at t
he s
tatu
tory
join
t a
nd
seve
ral l
iab
ilitie
s ar
e
clai
med
aga
inst
the
Pur
chas
er
with
in tw
o (
2)
yea
rs a
fter
the
Com
ple
tion
Da
te.
13
. T
HE
PU
RC
HA
SE
R'S
WA
RR
AN
TIE
S A
ND
TH
E P
AR
TIE
S' R
EM
ED
IES
A
ND
UN
DE
RTA
KIN
GS
13.1
T
he P
urch
aser
rep
rese
nts
and
war
rant
s to
the
Sel
ler
tha
t as
of
the
date
of
this
A
gree
men
t a
nd a
t Co
mp
letio
n:
13
.1.1
it is
a c
omp
an
y du
ly in
corp
ora
ted
and
va
lidly
exi
stin
g un
der
the
law
s of
th
e R
.O.C
.;
13
.1.2
it ha
s th
e r
ight
, po
wer
and
au
thor
ity, a
nd h
as
or w
ill h
ave
take
n a
ll ac
tion
nec
essa
ry,
to e
xecu
te,
del
iver
an
d ex
erc
ise
its
rig
hts
and
per
form
its
o
blig
atio
ns, u
nde
r th
is A
gree
men
t a
nd e
ach
doc
umen
t to
be
exe
cute
d at
o
r b
efor
e th
e C
omp
letio
n to
wh
ich
it is
exp
ress
ed t
o b
e a
par
ty (
the
"P
urch
aser
's C
ompl
etio
n D
ocum
ents")
an
d it
is n
ot a
war
e of
any
fact
s o
r ci
rcum
stan
ces
whi
ch m
ay
rea
sona
bly
be
exp
ecte
d to
pre
vent
, del
ay
or
oth
erw
ise
neg
ativ
ely
affe
ct
the
fulfi
lmen
t of
th
e a
ppro
vals
lis
ted
Sch
edul
e 3
;
13
.1.3
sub
ject
to
the
ap
prov
al l
iste
d in
Sch
edul
e 3
, it
has
the
rele
van
t lic
ense
s,
aut
hor
isat
ions
and
app
rova
ls r
equi
red
by
app
licab
le la
w in
the
R.O
.C. a
s th
e c
ase
ma
y b
e to
ca
rry
on
the
bu
sine
ss c
om
pris
ing
the
Bus
ines
s A
sset
s to
be
acq
uire
d b
y it
pur
sua
nt t
o th
is A
gree
men
t;
13
.1.4
its o
blig
atio
ns u
nde
r th
is A
gre
emen
t a
nd t
he P
urch
aser
's C
omp
letio
n D
ocu
men
ts a
re, o
r w
hen
the
rele
van
t Pur
cha
ser's
Co
mp
letio
n D
ocum
ent
is e
xecu
ted
will
be,
bin
ding
on
and
enf
orce
able
aga
inst
the
Pur
chas
er;
13
.1.5
the
Pur
chas
er w
ill, a
t the
Com
ple
tion
, ha
ve im
med
iate
ly a
vaila
ble
on
an
unc
ond
ition
al b
asis
the
nec
essa
ry c
ash
res
ourc
es t
o m
eet
its
oblig
atio
ns
und
er t
his
Agr
eem
ent
and
the
Pur
chas
er's
Co
mp
letio
n D
ocum
ents
;
13
.1.6
the
exe
cutio
n a
nd
deliv
ery
of,
and
the
per
form
anc
e b
y th
e P
urch
aser
of
its o
blig
atio
ns u
nde
r th
is A
gre
emen
t a
nd t
he P
urch
aser
's C
omp
letio
n D
ocu
men
ts w
ill n
ot:
(a)
resu
lt in
a b
reac
h o
f an
y p
rovi
sion
of
the
me
mor
and
um
or
art
icle
s of
ass
ocia
tion
or b
y-la
ws
or e
qui
vale
nt
cons
titut
iona
l d
ocum
ents
of t
he P
urc
hase
r;
(b)
resu
lt in
a b
rea
ch o
f, or
con
stitu
te a
de
faul
t und
er, a
ny
inst
rum
ent
to w
hich
the
Pur
cha
ser
is a
par
ty o
r b
y w
hich
th
e P
urch
aser
is
bo
und
;
(c)
resu
lt in
a b
rea
ch o
f a
ny o
rder
, ju
dgm
ent
or
dec
ree
of a
ny c
ourt
o
r g
over
nm
enta
l age
ncy
to
wh
ich
the
Pur
chas
er is
a p
arty
; or
(d)
save
as
set o
ut in
Sch
edu
le 3
, re
qui
re th
e P
urch
aser
to o
bta
in a
ny
cons
ent
or a
ppro
val
of,
or g
ive
any
notic
e to
or
ma
ke a
ny
reg
istr
atio
n w
ith,
any
Re
gula
tory
Aut
hori
ty w
hic
h h
as
not
bee
n
21
(T
he
ext
ract
of E
ng
lish
do
cum
en
ts is
for
refe
ren
ce o
nly
)
RE
ST
RIC
TE
D
22
obta
ined
or
ma
de a
t th
e da
te h
ereo
f on
an
unc
ond
ition
al b
asis
; a
nd
13
.1.7
the
Pur
chas
er
is n
ot i
nso
lve
nt o
r u
nab
le to
pa
y th
eir
deb
ts a
s th
ey fa
ll du
e a
nd
will
no
t b
eco
me
inso
lven
t a
s a
re
sult
of
ente
ring
into
th
is
Ag
reem
ent.
13.2
N
otw
ithst
and
ing
tha
t ei
ther
Par
ty b
eco
mes
aw
are
at
any
tim
e b
efo
re o
r af
ter
the
Co
mp
letio
n (
wh
ethe
r o
r no
t b
y re
aso
n of
th
e D
iscl
osur
e Le
tter
, th
e
Sup
ple
men
tal
Dis
clos
ure
Lette
r o
r a
ny
of
the
doc
umen
ts a
nnex
ed t
o th
e D
iscl
osur
e Le
tter
or
the
Sup
ple
men
tal D
iscl
osur
e Le
tter)
:
13
.2.1
of
a fa
ct o
r ci
rcum
sta
nce
wh
ich
giv
es
rise
to o
r w
hich
wou
ld o
r m
ight
g
ive
rise
to a
Cla
im;
13
.2.2
tha
t th
ere
has
bee
n a
bre
ach
of a
ny o
ther
pro
visi
on o
f thi
s A
gree
men
t; o
r
13
.2.3
tha
t th
ere
ma
y b
e a
cla
im a
gain
st e
ithe
r P
arty
und
er
any
rep
rese
nta
tion,
st
atem
ent,
ass
uran
ce,
cove
na
nt,
unde
rta
king
, in
dem
nity
, g
uara
nte
e o
r co
mm
itmen
t gi
ven
by
or
on b
eha
lf of
eith
er P
art
y in
con
nect
ion
with
th
is A
gre
emen
t,
Nei
ther
Par
ty s
hall
be
entit
led
to
term
ina
te o
r re
scin
d t
his
Agr
eem
ent
or t
rea
t th
is A
gree
men
t as
ter
min
ated
(ot
her
th
an t
erm
ina
tion
as p
erm
itted
un
der
this
A
gree
men
t)
and
, ac
cord
ing
ly,
each
P
arty
w
aiv
es
all
and
a
ny
righ
ts
of
resc
issi
on
it m
ay
ha
ve i
n re
spec
t of
any
suc
h m
atte
r (h
owso
ever
aris
ing
or
dee
med
to
aris
e),
othe
r th
an
any
suc
h ri
ghts
in
res
pec
t o
f fr
aud
of
the
othe
r P
arty
or
the
Sel
ler's
Gro
up.
13.3
E
ither
Par
ty o
f th
is A
gre
em
ent
und
erta
kes
to t
he o
ther
Par
ty,
tha
t, s
ave
in t
he
case
of
fra
ud,
eith
er P
art
y sh
all
not
ma
ke a
ny c
laim
aga
inst
any
em
plo
yee,
di
rect
or, s
uper
viso
r, s
hare
hold
er,
age
nt,
offic
er o
r a
dvis
or
of th
e o
ther
Pa
rty
on
who
m it
ma
y ha
ve r
elie
d b
efor
e a
gree
ing
to
any
ter
m o
f, or
ent
erin
g in
to,
this
A
gree
men
t.
13.4
T
he P
urch
aser
con
firm
s th
at i
t is
not a
war
e as
at t
he d
ate
of t
his
Agr
eem
ent o
f a
ny f
act
, ma
tter
or
circ
umst
anc
e w
hic
h c
ons
titut
es a
bre
ach
of a
ny W
arra
nty.
13.5
T
he P
urch
aser
rep
rese
nts
an
d a
gree
s an
d th
e S
elle
r re
pres
ents
and
agr
ees
that
it
has
not a
nd w
ill n
ot in
con
nec
tion
with
the
tra
nsac
tions
co
ntem
pla
ted
by
this
A
gree
men
t a
nd
an
y T
rans
act
ion
Do
cum
ents
ma
ke a
ny o
ther
pa
ymen
t o
r tr
ans
fer
an
yth
ing
of v
alu
e, o
ffer,
pro
mis
e or
giv
e a
fina
nci
al o
r ot
her
adv
ant
age
or
req
ues
t, a
gre
e to
rec
eiv
e or
acc
ept
a f
ina
ncia
l or
oth
er a
dva
nta
ge e
ither
di
rect
ly o
r in
dire
ctly
:
13
.5.1
to a
ny
gove
rnm
enta
l o
ffici
al
or
emp
loye
e (in
clu
ding
em
plo
yees
of
a g
ove
rnm
ent
corp
orat
ion
or
pub
lic i
nter
natio
nal o
rga
nisa
tion)
or
to a
ny
po
litic
al p
arty
or
can
dida
te f
or p
ublic
offi
ce; o
r
13
.5.2
to a
ny o
ther
per
son
or e
ntit
y if
such
pa
ymen
ts o
r tr
ans
fers
wou
ld v
iola
te
or
caus
e (
a)
the
Sel
ler
to b
e in
vio
latio
n of
the
law
s o
f U.S
., G
erm
an
y or
(T
he
ext
ract
of E
ng
lish
do
cum
en
ts is
for
refe
ren
ce o
nly
)
RE
ST
RIC
TE
D
23
the
R.O
.C. (
or a
ny p
art
the
reof
), o
r (b
) th
e P
urch
aser
to b
e in
vio
latio
n o
f th
e la
ws
of U
.S.,
Ger
ma
ny
or
the
R.O
.C.
13.6
It
is t
he i
nten
tion
of
the
Sel
ler
and
the
Pur
chas
er t
hat
in t
he c
ours
e of
the
ir re
spec
tive
ne
gotia
tions
a
nd
per
form
anc
e o
f th
is
Agr
eem
ent
and
th
e
Tra
nsac
tion
Doc
um
ents
no
paym
ent
or
tra
nsfe
rs o
f va
lue,
offe
rs,
pro
mis
es o
r gi
ving
of
any
fina
ncia
l or
othe
r a
dva
nta
ge o
r re
que
sts,
agr
eem
ents
to
rece
ive
or
acc
epta
nces
of a
ny fi
nanc
ial o
r ot
her
ad
van
tag
e w
ill b
e m
ade
eith
er d
irect
ly
or in
dire
ctly
whi
ch h
ave
the
pur
pos
e or
effe
ct o
f pub
lic o
r co
mm
erci
al b
riber
y or
acc
ept
ance
of
or a
cqui
esce
nce
in b
riber
y, e
xtor
tion,
kic
kba
cks,
gre
asin
g o
r ot
her
unla
wfu
l or
im
pro
per
m
ean
s of
ob
tain
ing
or
re
tain
ing
bus
ines
s,
com
mer
cial
a
dva
nta
ge
or
the
imp
rop
er
per
form
anc
e of
an
y fu
nctio
n o
r a
ctiv
ity.
14
. P
OS
T-C
OM
PLE
TIO
N U
ND
ER
TAK
ING
S
14.1
To
the
ext
ent a
ny
mon
ies
are
rec
eive
d b
y th
e S
elle
r's G
roup
und
er o
r in
res
pec
t of
an
y A
sset
aft
er t
he
Com
ple
tion,
the
Sel
ler
und
ert
akes
to
hol
d su
ch m
onie
s on
tru
st f
or t
he
Pur
chas
er a
nd
to p
ay
such
mo
nies
to
the
Pur
chas
er a
s so
on
as
prac
ticab
le a
nd in
any
eve
nt w
ithin
thi
rty
(30)
da
ys o
f re
ceip
t.
14.2
S
ubje
ct to
Cla
use
14.1
, if
an
y A
sset
s of
the
Sel
ler
are
not
, or
is n
ot c
apab
le o
f b
eing
tran
sfer
red
on
the
Co
mp
letio
n D
ate
for
an
y re
ason
, th
e S
elle
r sh
all t
o th
e ex
ten
t p
erm
itted
by
law
, on
and
from
th
e re
leva
nt
Com
ple
tion
Da
te,
hol
d an
y su
ch A
sset
s as
tru
ste
e fo
r th
e P
urch
ase
r ab
solu
tely
, o
r ot
herw
ise
as t
he
Pur
chas
er s
hall
reas
onab
ly d
irec
t an
d th
e P
urch
aser
and
Sel
ler
sha
ll us
e th
eir
reas
ona
ble
en
dea
vou
rs t
o p
rocu
re t
he t
rans
fer
of
such
Ass
ets
as s
oon
as
prac
ticab
le a
fter
the
Com
ple
tion
Da
te.
14.3
If
any
Liab
ilitie
s of
the
Se
ller
are
not
, or
is n
ot c
apa
ble
of b
ein
g tr
ans
ferr
ed o
n
the
Com
ple
tion
Da
te
for
any
re
aso
n,
the
Pur
chas
er
shal
l to
th
e ex
tent
p
erm
itted
by
law
, on
an
d fr
om t
he
rele
vant
Com
ple
tion
Da
te,
per
form
all
the
oblig
atio
ns o
f th
e S
elle
r u
nder
the
rel
eva
nt L
iab
ility
an
d sh
all
inde
mni
fy t
he
Sel
ler
agai
nst e
ach
Los
s in
res
pec
t of a
ny
failu
re o
n th
e p
art o
f the
Pur
chas
er to
p
erfo
rm t
hose
ob
liga
tions
, or
oth
erw
ise
as t
he S
elle
r sh
all
reas
ona
bly
dire
ct
and
th
e P
urch
aser
an
d S
elle
r sh
all
use
thei
r re
aso
nab
le e
ndea
vou
rs t
o p
rocu
re
the
tran
sfer
of
such
Lia
bili
ties
as s
oon
as
pra
ctic
able
aft
er t
he C
omp
letio
n D
ate
.
14.4
F
or th
e a
void
anc
e of
do
ub
t, th
e S
elle
r sh
all
be
resp
onsi
ble
for
the
com
mis
sio
n,
rem
uner
atio
n, r
eba
te a
nd/o
r a
ny
oth
er s
imila
r pa
yab
le t
o th
e S
elle
r's s
ale
s p
erso
nnel
, the
Sel
ler's
age
nts
and
an
y ot
her
dis
trib
utio
n ch
ann
els
of
the
Sel
ler
in r
ela
tion
to th
e In
sura
nce
Pol
icie
s b
ein
g un
derw
ritt
en a
nd is
sued
prio
r to
the
C
om
ple
tion
Da
te.
15
. U
SE
OF,
MA
INT
EN
AN
CE
AN
D A
CC
ES
S T
O R
EC
OR
DS
15.1
T
he S
elle
r sh
all
(sub
ject
to
com
plia
nce
with
app
licab
le la
w)
have
the
rig
ht t
o re
tain
cop
ies
of a
ll R
ecor
ds r
ela
ting
to p
erio
ds e
ndin
g on
or
prio
r to
the
C
om
ple
tion
Da
te:
22
(T
he
ext
ract
of E
ng
lish
do
cum
en
ts is
for
refe
ren
ce o
nly
)
RE
ST
RIC
TE
D
24
15.1
.1 a
s re
qu
ired
by
an
y a
pplic
able
la
w,
reg
ula
tion,
rul
e or
dir
ectio
n o
f a
ny
cou
rt o
f la
w, R
egul
ator
y A
utho
rity
or
stoc
k ex
chan
ge;
or
15
.1.2
as m
ay
be
nece
ssar
y fo
r th
e S
elle
r to
per
form
its
ob
liga
tions
pur
suan
t to
this
Agr
eem
ent o
r a
ny
of t
he
Tra
nsac
tion
Doc
ume
nts;
prov
ided
tha
t a
ny u
se o
r pr
oce
ss o
f th
e R
ecor
ds s
hall
be
sub
ject
to
any
ap
plic
able
la
w,
regu
latio
n, r
ule
or
dire
ctio
n of
an
y co
urt
of l
aw
, R
egul
ato
ry
Aut
hori
ty o
r st
ock
exch
ang
e.
15.2
T
he P
artie
s a
ckno
wle
dge
tha
t eac
h of
the
Sel
ler
and
the
Pur
chas
er m
ay
sell
or
ma
rket
life
insu
ranc
e p
rodu
cts
to a
ny
cust
om
ers,
incl
udin
g t
he P
olic
yhol
ders
, as
an
open
ma
rket
. H
owev
er,
the
Sel
ler
will
use
be
st e
ffort
s to
avo
id a
ny
orga
nize
d
cam
pa
igns
on
th
e di
strib
utio
n of
lif
e in
sura
nce
pro
duct
s no
t ta
rget
ing
at
the
ma
ss c
usto
mer
s b
ut s
olel
y a
t th
e P
olic
yhol
ders
, un
less
suc
h P
olic
yhol
ders
alr
ead
y m
ain
tain
ed o
the
r in
sura
nce
pol
icie
s w
ith t
he S
elle
r b
efor
e th
e e
xecu
tion
of th
is A
gre
emen
t.
15.3
E
ach
P
art
y a
gree
s th
at,
with
re
spec
t to
al
l R
eco
rds
exis
ting
as
of
the
Co
mp
letio
n D
ate
, it s
hall
(and
will
pro
cure
eac
h m
em
ber
of i
ts g
roup
sha
ll):
15
.3.1
com
ply
in
all
ma
teri
al r
esp
ects
with
all
appl
icab
le l
aw
s re
latin
g to
th
e p
rese
rva
tion
and
ret
entio
n of
rec
ords
; and
15
.3.2
app
ly p
rese
rva
tion
and
ret
ent
ion
pol
icie
s th
at
are
no
less
str
ing
ent
than
th
ose
gen
eral
ly a
ppl
ied
by it
.
15.4
To
the
exte
nt p
erm
itte
d a
nd a
s re
qui
red
und
er a
pplic
able
law
s, fo
r th
e p
erio
d of
te
n (1
0)
yea
rs f
rom
the
Com
ple
tion
the
Pur
chas
er s
hall
mak
e a
vaila
ble
to,
or
pro
vid
e a
cces
s to
, th
e S
elle
r a
nd it
s re
pre
sen
tativ
es a
ny
Re
cord
s re
latin
g to
the
Bus
ines
s A
sset
s w
ith r
esp
ect
to p
erio
ds p
rior
to
the
Co
mp
letio
n D
ate
whi
ch
are
rea
sona
bly
req
uest
ed in
wri
ting
(with
in a
rea
son
able
sco
pe
and
per
iod
afte
r re
ason
ab
le n
otic
e b
eing
giv
en a
nd w
ithin
nor
mal
bus
ines
s ho
urs
) fo
r a
Pro
per
Pur
pos
e; pr
ovid
ed th
at th
e S
elle
r sh
all
trea
t all
info
rma
tion
and
doc
um
ents
to
whi
ch
the
y h
ave
a
cces
s he
reun
der
as
co
nfid
entia
l (u
nles
s ot
herw
ise
spec
ifica
lly p
erm
itted
by
law
) a
nd r
eim
bur
se t
he P
urch
aser
all
reas
onab
le o
ut
of p
ock
et c
osts
in a
llow
ing
suc
h a
cces
s.
15.5
To
the
exte
nt p
erm
itte
d a
nd a
s re
qui
red
und
er a
pplic
able
law
s, fo
r th
e p
erio
d of
te
n (1
0)
yea
rs f
rom
th
e C
om
ple
tion,
th
e S
elle
r sh
all,
and
sha
ll pr
ocu
re t
hat
each
me
mb
er o
f th
e S
elle
r's G
roup
sha
ll, m
ake
ava
ilab
le t
o, o
r pr
ovid
e a
cces
s to
, the
Pur
chas
er a
nd
its re
pre
sent
ativ
es a
ny r
ecor
ds o
f the
Sel
ler
rela
ting
to th
e
Bus
ines
s A
sset
s w
ith r
esp
ect
to p
erio
ds p
rior
to
the
Co
mp
letio
n D
ate
whi
ch
are
re
aso
nab
ly
req
uest
ed
in
wri
ting
(with
in
a re
ason
able
p
erio
d af
ter
reas
ona
ble
no
tice
bei
ng g
iven
and
with
in n
orm
al b
usin
ess
hou
rs)
for
a P
rope
r P
urp
ose;
pro
vide
d th
at
the
Pur
chas
er
sha
ll tr
eat
all
info
rmat
ion
a
nd
docu
men
ts
to
whi
ch
the
y ha
ve
acc
ess
her
eun
der
as c
onfid
entia
l (u
nle
ss
othe
rwis
e sp
ecifi
cally
per
mitt
ed b
y la
w)
and
rei
mb
urse
th
e S
elle
r or
me
mb
er
of t
he S
elle
r's G
roup
all
reas
ona
ble
out
of
poc
ket
cost
s in
allo
win
g su
ch
acc
ess.
(T
he
ext
ract
of E
ng
lish
do
cum
en
ts is
for
refe
ren
ce o
nly
)
RE
ST
RIC
TE
D
25
15.6
F
or t
he
pu
rpos
es o
f C
laus
es 1
5.3
and
15
.4,
"P
rope
r P
urpo
se"
sha
ll m
ean
the
a
cces
s re
qui
red
by
a P
arty
to in
vest
igat
e a
ny m
atte
rs r
ela
ting
to th
e B
usin
esse
s b
efor
e th
e C
om
ple
tion
Da
te,
in o
rder
to
com
ply
with
an
y a
pplic
able
la
w o
r re
por
ting
req
uire
men
ts (
incl
udin
g in
rel
atio
n to
fin
anc
e or
tax
), o
r to
res
pon
d to
req
uest
s or
inq
uiri
es m
ad
e b
y a
ny
regu
lato
ry a
utho
rity
, st
ock
exch
ang
e,
cour
t of l
aw
or
Reg
ula
tory
Aut
hor
ity.
15.7
N
othi
ng i
n C
laus
es 1
5.3
or
15.4
sh
all
oblig
e a
Pa
rty
to a
llow
acc
ess
to
info
rmat
ion
whi
ch:
15
.7.1
is c
onf
iden
tial o
r co
mm
erc
ially
sen
sitiv
e to
the
activ
ities
an
d op
era
tions
o
f tha
t Pa
rty
oth
er th
an
in r
ela
tion
to t
he B
usin
ess;
15
.7.2
cann
ot b
e sh
ared
with
th
e o
ther
Par
ty f
ollo
win
g th
e C
om
ple
tion
in
acc
orda
nce
with
app
licab
le la
ws,
ru
les
or r
egu
latio
ns;
or
15
.7.3
to
the
exte
nt
tha
t th
e ot
her
Par
ty
is
prev
ente
d or
re
stric
ted
fro
m
dis
clos
ing
such
inf
orm
atio
n to
th
ird p
artie
s p
ursu
ant
to
non-
disc
losu
re
or
conf
iden
tialit
y o
blig
atio
ns w
hich
are
bin
ding
on
the
othe
r P
arty
.
15.8
T
he S
elle
r a
nd t
he P
urch
aser
sha
ll co
oper
ate
with
ea
ch o
ther
and
use
the
ir
good
faith
an
d co
mm
erc
ially
rea
sona
ble
effo
rts
to g
ive
effe
ct to
the
pro
visi
ons
of t
his
Cla
use
15
.
16
. S
ALE
S L
ITE
RA
TU
RE
& IN
TE
LLE
CT
UA
L P
RO
PE
RT
Y R
IGH
TS
16.1
E
xcep
t as
othe
rwis
e ex
pre
ssly
per
mitt
ed u
nder
this
Agr
eem
ent o
r o
ne o
r m
ore
Tra
nsac
tion
Doc
umen
ts a
s so
on
as r
easo
nab
ly p
oss
ible
afte
r th
e C
omp
letio
n D
ate
an
d in
an
y ev
ent
by
no l
ate
r th
an s
ix (
6) m
onth
s a
fter
the
Com
ple
tion
Da
te:
16
.1.1
the
Pur
chas
er s
hall
not
rep
rese
nt t
hat
the
Sel
ler
or a
ny m
em
ber
of
the
Sel
ler's
Gro
up r
eta
ins
any
con
nect
ion
with
th
e B
usi
ness
tra
nsfe
rred
to
tha
t P
urch
ase
r a
nd s
hall
ensu
re t
hat
no
item
of
sal
es l
itera
ture
or
pub
licity
ma
teri
al r
ela
ting
to t
he B
usin
ess
tra
nsfe
rred
to
tha
t P
urch
aser
is
di
strib
uted
or
is
sued
b
y it
afte
r th
e C
omp
letio
n D
ate
w
ith
any
re
fere
nce
to a
ny m
emb
er o
f th
e S
elle
r's G
roup
and
the
Pur
chas
er s
hall
not
use
or
ado
pt a
ny
othe
r tr
ade
ma
rk o
r tr
ade
nam
e, c
orp
orat
e n
am
e or
d
esig
n th
at is
con
fusi
ngly
sim
ilar
to th
e R
egi
ster
ed T
rad
e M
arks
; an
d
16
.1.2
the
Pur
chas
er s
hal
l cea
se to
use
the
Tra
de M
arks
on
all
ma
teri
als
ow
ned
o
r us
ed b
y, o
r on
beh
alf
of,
tha
t P
urch
aser
, in
clud
ing
any
bus
ines
s st
atio
ner
y (in
clu
ding
sc
hed
ules
),
inve
ntor
ies,
p
erio
dic
st
ate
men
ts,
cust
omer
agr
eem
ents
, pa
ckag
ing
ma
teri
als,
pub
licity
rel
ease
s a
nd
form
s,
ove
rsea
s e
mer
genc
y a
ssis
tanc
e se
rvic
e
card
s,
web
site
s an
d e
ma
il ("
Mat
eria
ls")
.
16.2
N
othi
ng in
thi
s A
gree
me
nt s
hal
l ob
lige
the
Pur
chas
er t
o re
mo
ve o
r ob
liter
ate
a
ny T
rade
Ma
rks
from
:
16
.2.1
any
Ma
teri
als
(o
r co
pie
s of
su
ch M
ate
rials
) in
exi
sten
ce p
rior
to
the
Com
ple
tion
Da
te (
and
to
whi
ch t
he
Tra
de M
arks
wer
e a
pplie
d p
rior
to
23
(T
he
ext
ract
of E
ng
lish
do
cum
en
ts is
for
refe
ren
ce o
nly
)
RE
ST
RIC
TE
D
26
the
Co
mp
letio
n D
ate)
tha
t ha
ve b
een
issu
ed t
o or
oth
erw
ise
dis
trib
ute
d to
Pol
icyh
olde
rs o
r a
ny R
eco
rds
tha
t ar
e d
eliv
ered
by
the
Se
ller
to t
he
Pur
chas
er;
16
.2.2
the
pro
duct
na
mes
of
the
Insu
ran
ce P
olic
ies
carr
ying
out
th
e S
elle
r’s
tra
de
nam
e, w
hic
heve
r is
not
per
mis
sib
le f
or a
ny a
men
dm
ent
to r
epla
ce
with
th
e P
urch
aser
’s n
ame,
du
e to
the
sa
les
hav
ing
bee
n c
ease
d an
d co
nseq
uent
ly d
e-re
gist
ered
with
the
Reg
ulat
ory
Au
thor
ity;
prov
ided
th
at th
e P
urch
aser
’s u
se s
hall
be
onl
y to
the
ext
ent
of r
e-is
sua
nce
of t
he
po
licy
pro
visi
on d
ocum
ents
(保單條款
) or
any
oth
er M
ate
rials
or
doc
umen
ts
bea
ring
th
e p
rodu
ct
nam
e fo
r th
e p
erfo
rma
nce
of
the
pro
visi
ons
und
er th
e In
sura
nce
Pol
icie
s b
y th
e P
urch
aser
or
in th
e e
ven
t th
at a
Pol
icyh
old
er c
laim
s fo
r th
e lo
ss o
f the
for
egoi
ng d
ocum
ent;
16
.2.3
any
not
ice
sent
to t
he P
olic
yhol
ders
or
ann
oun
cem
ent
ma
de p
ursu
ant
to
Cla
use
10
; or
16
.2.4
any
non
-Pol
icyh
olde
r fa
cin
g R
ecor
ds th
at a
re u
sed
for
inte
rna
l pur
pos
es
onl
y.
16.3
T
he S
elle
r he
reb
y g
ran
ts th
e P
urch
aser
, with
effe
ct fr
om th
e C
om
ple
tion
Dat
e,
a n
on-e
xclu
sive
, p
erp
etua
l, w
orld
wid
e, a
ssig
nab
le,
irre
voca
ble
, ro
yalty
-fre
e
licen
ce (
with
th
e ri
ght
to s
ub-l
icen
ce)
to u
se a
ll In
telle
ctua
l P
rop
erty
Rig
hts
(e
xclu
din
g a
ny T
rade
Ma
rks,
sa
ve f
or t
hose
pro
vid
ed u
nde
r C
laus
e 16
.2)
subs
istin
g in
the
Rec
ords
and
Bus
ines
s A
sset
s (in
clud
ing
but
not
lim
ited
to
repr
oduc
ing,
cop
ying
, tr
ans
latin
g or
am
end
ing
the
Rec
ords
and
/or
extr
actin
g a
ll or
a s
ubst
ant
ial p
art o
f th
e co
nten
ts o
f any
da
taba
se c
om
pris
ing
the
Rec
ord
s)
and
suc
h m
ate
ria
ls a
nd e
mer
gen
cy a
ssis
tanc
e se
rvic
e ca
rds
in r
esp
ect o
f whi
ch
the
Pur
chas
er is
not
req
uire
d to
rem
ove
or
ob
liter
ate
the
Tra
de M
arks
und
er
Cla
uses
16
.2,
sole
ly f
or
the
pur
pos
es o
f th
e B
usin
ess,
bu
t o
nly
in a
ccor
danc
e w
ith th
e li
mita
tions
on
use
of th
e R
ecor
ds u
nder
this
Agr
eem
ent a
nd s
ubje
ct to
a
ny r
estr
ictio
ns o
n us
e pr
escr
ibed
by
all
app
licab
le la
ws,
sta
tute
s, r
egul
atio
ns,
rule
s, o
rder
s, d
irect
ive
s, r
equi
rem
ents
, st
and
ards
, g
uide
lines
and
ind
ustr
y co
des
of
pra
ctic
e, i
n ea
ch c
ase
havi
ng l
ega
l ef
fect
or
stip
ula
ted
by
any
Reg
ula
tory
Aut
hor
ity.
17.
CO
NF
IDE
NT
IAL
INF
OR
MA
TIO
N
17.1
S
ubje
ct t
o C
laus
es 1
7.2
and
18
.1,
the
Sel
ler
und
erta
kes
to t
he P
urc
hase
r, a
nd
the
Pur
chas
er u
nde
rtak
es
to t
he S
elle
r, t
he
Sel
ler
act
ing
for
itsel
f a
nd a
s a
gen
t a
nd t
rust
ee f
or e
ach
oth
er m
em
ber
s of
the
Sel
ler's
Gro
up,
tha
t it
sha
ll tr
eat
as
conf
iden
tial a
ll in
form
atio
n re
ceiv
ed o
r ob
tain
ed a
s a
res
ult o
f en
terin
g in
to o
r p
erfo
rmin
g th
is A
gre
em
en
t whi
ch r
ela
tes
to:
17
.1.1
the
oth
er P
art
y in
clud
ing,
whe
re t
hat
othe
r P
arty
is
the
Sel
ler,
ea
ch
me
mb
er o
f th
e S
elle
r's G
roup
an
d w
here
that
oth
er P
arty
is th
e P
urch
aser
, th
e P
urch
aser
;
17
.1.2
the
pro
visi
ons
or
the
sub
ject
mat
ter
of th
is A
gre
emen
t or
any
doc
um
ent
refe
rred
to
here
in a
nd
any
cla
im o
r p
oten
tial c
laim
ther
eund
er;
(T
he
ext
ract
of E
ng
lish
do
cum
en
ts is
for
refe
ren
ce o
nly
)
RE
ST
RIC
TE
D
27
17.1
.3 i
n th
e ca
se o
f th
e S
elle
r, a
ny in
form
atio
n re
latin
g to
the
Bus
ines
s A
sset
s fo
llow
ing
the
Com
ple
tion;
or
17
.1.4
the
neg
otia
tions
rel
atin
g to
this
Agr
eem
ent o
r a
ny d
ocum
ents
re
ferr
ed to
h
erei
n.
17.2
C
laus
e 17
.1 d
oes
not
app
ly to
dis
clos
ure
of a
ny s
uch
info
rma
tion
as is
ref
erre
d
to in
Cla
use
17
.1:
17
.2.1
wh
ich
is r
equi
red
or r
eque
sted
to
be
disc
lose
d b
y la
w,
by
a ru
le o
f a
listin
g a
utho
rity,
cou
rt o
f la
w,
or s
tock
exc
hang
e to
wh
ich
any
Par
ty is
su
bje
ct o
r su
bm
its o
r b
y a
Reg
ulat
ory
Au
thor
ity o
r ot
her
aut
horit
y w
ith
rele
vant
po
wer
s to
wh
ich
any
Par
ty is
sub
ject
or
sub
mits
, whe
ther
or
not
the
req
uire
men
t ha
s th
e fo
rce
of l
aw
; pr
ovid
ed th
at th
e d
iscl
osur
e sh
all,
so
far
as
is p
ract
icab
le a
nd t
o th
e ex
tent
per
mis
sib
le u
nder
R.O
.C.
law
, b
e m
ade
aft
er c
onsu
ltatio
n w
ith t
he
oth
er P
art
y a
nd
afte
r ta
kin
g in
to
acc
ount
the
oth
er P
arty
's r
easo
nab
le r
equi
rem
ent
s as
to
its
tim
ing,
co
nte
nt a
nd
ma
nner
of
mak
ing
or
desp
atc
h;
17
.2.2
to
an
adv
ise
r fo
r th
e p
urp
ose
of
ad
visi
ng
in
con
nect
ion
with
th
e tr
ans
actio
ns
cont
em
pla
ted
by
this
A
gre
emen
t; pr
ovid
ed
that
su
ch
dis
clos
ure
is e
ssen
tial f
or t
hese
pu
rpos
es a
nd is
on
the
basi
s th
at C
laus
e 1
7.1
app
lies
to t
he d
iscl
osur
e b
y th
e a
dvi
ser;
17
.2.3
by
the
Sel
ler
to a
ny
me
mb
er o
f the
Se
ller's
Gro
up o
r b
y th
e P
urch
aser
to
its a
ffilia
te;
17
.2.4
to a
dir
ecto
r, s
uper
viso
r, o
ffice
r or
em
plo
yee
of a
me
mb
er o
f the
Sel
ler's
G
roup
or
the
Pur
cha
ser's
affi
liate
who
se f
unct
ion
req
uire
s h
im t
o h
ave
th
e r
ele
vant
co
nfid
entia
l inf
orm
atio
n; o
r
17
.2.5
to t
he e
xten
t th
at
the
info
rma
tion
has
be
en m
ade
pub
lic b
y, o
r w
ith t
he
co
nsen
t of,
the
othe
r P
art
y.
17.3
W
itho
ut p
reju
dic
e to
Cla
use
17.2
, ea
ch P
arty
ack
now
ledg
es a
nd
agr
ees,
fo
r its
elf a
nd a
s a
gen
t on
beh
alf
of e
ach
mem
ber
of i
ts g
roup
tha
t if a
Par
ty to
this
A
gree
men
t o
r a
me
mb
er o
f th
at P
art
y's
grou
p c
ons
ider
s th
at
disc
losu
re o
f an
y su
ch i
nfor
ma
tion
as
is r
efer
red
to i
n C
laus
e 17
.1 i
s re
qui
red
for
a g
enu
ine
bus
ines
s p
urp
ose,
suc
h d
iscl
osur
e sh
all
be
per
mitt
ed s
ubje
ct t
o t
he r
ecip
ient
ha
ving
ent
ered
int
o a
con
fiden
tialit
y un
der
taki
ng
to k
eep
suc
h i
nfor
ma
tion
conf
iden
tial.
17.4
T
he r
est
rictio
ns c
onta
ined
in th
is C
laus
e 1
7 s
hall
cont
inu
e to
app
ly fo
r a
per
iod
of t
hree
(3
) ye
ars
afte
r C
om
ple
tion
or
the
term
ina
tion
of
this
Agr
eem
ent,
whi
che
ver
is e
arli
er.
18
. A
NN
OU
NC
EM
EN
TS
18.1
S
ubje
ct t
o C
laus
es 1
0.1
an
d 1
8.2
, th
e S
elle
r (a
ctin
g fo
r its
elf
and
as
agen
t on
b
eha
lf of
ea
ch m
em
ber
of
the
Sel
ler's
Gro
up)
unde
rtak
es to
the
Pur
chas
er a
nd
the
Pur
chas
er u
nde
rtak
es t
o th
e S
elle
r (a
nd
the
Sel
ler
act
ing
for
itsel
f a
nd a
s a
gen
t and
trus
tee
for
each
me
mb
er o
f th
e S
elle
r's G
roup
) th
at i
t will
no
t, b
efor
e
24
(T
he
ext
ract
of E
ng
lish
do
cum
en
ts is
for
refe
ren
ce o
nly
)
RE
ST
RIC
TE
D
28
or a
fter
the
Com
ple
tion,
ma
ke o
r se
nd a
pub
lic a
nnou
nce
men
t, co
mm
unic
atio
n or
circ
ular
con
cern
ing
the
tra
nsa
ctio
ns r
efer
red
to
in t
his
Agr
eem
ent
unle
ss it
ha
s fir
st
obta
ine
d th
e ot
her
Pa
rtie
s'
wri
tten
co
nsen
t,
whi
ch
ma
y no
t b
e un
reas
ona
bly
with
hel
d or
del
aye
d.
18.2
C
laus
e 18
.1 d
oes
not
app
ly t
o:
18
.2.1
a p
ublic
ann
ounc
emen
t, co
mm
uni
catio
n o
r ci
rcul
ar
ma
de o
r se
nt b
y th
e
Pur
chas
er a
fter
the
Co
mp
letio
n to
a c
usto
mer
, clie
nt, b
usin
ess
par
tner
or
sup
plie
r o
f th
e B
usin
ess
Ass
ets
info
rmin
g it
of
the
Pur
chas
er's
pu
rcha
se
of
the
Ass
ets
or m
ade
or
sent
by
the
Sel
ler
bef
ore
such
Com
ple
tion
to a
cu
stom
er,
clie
nt,
bus
ines
s p
artn
er o
r su
pp
lier
info
rmin
g it
of,
or
with
a
view
to
a
ssis
ting
w
ith,
the
tra
nsfe
r of
th
e B
usin
ess
Ass
ets
to
the
Pur
chas
er a
s co
ntem
pla
ted
by
this
Ag
ree
men
t; or
18
.2.2
a
pub
lic
ann
ounc
emen
t,
com
mun
ica
tion
or
circ
ular
re
qui
red
or
req
uest
ed b
y la
w, b
y a
rule
of a
list
ing
aut
horit
y b
y w
hic
h a
ny
Par
ty's
or
Par
ty g
roup
's s
hare
s ar
e lis
ted
, a s
tock
exc
hang
e on
whi
ch a
ny P
arty
's o
r P
arty
gro
up's
sha
res
are
list
ed o
r tr
ade
d or
by
a R
egul
ato
ry A
uth
ority
or
oth
er a
uth
ority
with
rel
eva
nt p
ower
s to
whi
ch a
ny
Par
ty o
r P
arty
's g
roup
is
sub
ject
or s
ubm
its, w
heth
er o
r no
t th
e re
qui
rem
ent
has
the
forc
e of
law
; pr
ovid
ed t
hat
the
pub
lic a
nno
unce
men
t, c
om
mu
nic
atio
n o
r ci
rcul
ar s
o fa
r as
is p
ract
icab
le b
e m
ade
aft
er c
onsu
ltatio
n w
ith t
he o
ther
Par
ty a
nd
afte
r ta
kin
g in
to a
ccou
nt
the
reas
onab
le r
equ
irem
ent
s of
th
e ot
her
Par
ty
as to
its
timin
g, c
onte
nt a
nd m
ann
er o
f m
aki
ng o
r de
spat
ch.
19
. C
OS
TS
AN
D T
AX
ES
19.1
A
ll th
e Ta
xes
(oth
er t
han
the
tax
on S
elle
r’s in
com
e o
r ca
pita
l ga
ins)
and
fee
s a
risin
g fr
om
th
e tr
ansf
er o
f th
e B
usin
ess
Ass
ets,
incl
udi
ng b
ut n
ot li
mite
d t
o th
e b
usin
ess
tax,
tra
nsfe
r ta
x, s
ecur
ities
tra
nsac
tion
tax,
reg
istr
atio
n f
ees
and
sta
mp
dut
y sh
all
be
bor
ne b
y th
e P
urch
aser
. W
ithin
ten
(1
0) d
ays
aft
er t
he
Sel
ler
rece
ives
the
Pur
chas
e P
rice,
the
Sel
ler
will
issu
e a
nd
del
iver
a r
ece
ipt t
o th
e P
urch
aser
in r
esp
ect o
f th
e P
urch
aser
’s a
cqui
sitio
n of
the
Bus
ines
s A
sset
s.
19.2
E
xcep
t w
here
thi
s A
gree
men
t or
the
rel
eva
nt d
ocu
men
t p
rovi
des
othe
rwis
e,
each
Par
ty s
ha
ll pa
y its
ow
n c
osts
(in
clu
ding
leg
al
cost
s) r
elat
ing
to t
he
neg
otia
tion
, pr
epa
ratio
n, e
xecu
tion
and
per
form
an
ce b
y it
of t
his
Agr
eem
ent
a
nd o
f ea
ch d
ocum
ent
refe
rred
to in
it.
20
. G
EN
ER
AL
20.1
A
va
ria
tion
of
this
Agr
eem
ent
is v
alid
onl
y if
it is
in w
ritin
g a
nd s
igne
d b
y or
on
beh
alf
of e
ach
Par
ty.
20.2
T
he f
ailu
re t
o ex
erci
se o
r de
lay
in e
xerc
isin
g a
rig
ht o
r re
med
y p
rovi
ded
by
this
Agr
eem
ent o
r b
y la
w d
oes
not
imp
air
or c
onst
itute
a w
aive
r of
the
righ
t or
rem
edy
or a
n im
pai
rmen
t of o
r a
wa
iver
of o
ther
rig
hts
or r
emed
ies.
No
sing
le
or p
artia
l exe
rcis
e o
f a
righ
t or
re
me
dy
pro
vide
d b
y th
is A
gre
em
ent
or b
y la
w
pre
ven
ts fu
rthe
r ex
erci
se o
f the
rig
ht o
r re
med
y o
r th
e ex
erci
se o
f ano
ther
rig
ht
or r
emed
y.
(T
he
ext
ract
of E
ng
lish
do
cum
en
ts is
for
refe
ren
ce o
nly
)
RE
ST
RIC
TE
D
29
20.3
If
a P
arty
fai
ls to
pa
y a
su
m d
ue
from
it u
nder
this
Ag
ree
men
t on
the
du
e d
ate
of
pa
ymen
t in
acc
ord
ance
with
the
pro
visi
ons
of t
his
Ag
reem
ent,
tha
t P
arty
sh
all
pay
inte
rest
on
the
ove
rdue
su
m f
rom
the
due
da
te o
f p
aym
ent
unt
il th
e da
te o
n w
hic
h it
s ob
liga
tion
to
pay
th
e su
m is
dis
cha
rged
at
the
rate
bei
ng t
he
sum
of 5
% p
er a
nnu
m (
whe
the
r b
efor
e or
afte
r ju
dgm
ent)
. In
tere
st a
ccru
es a
nd
is p
aya
ble
from
da
y to
da
y.
20.4
If
at a
ny ti
me
an
y p
rovi
sion
of t
his
Agr
eem
ent i
s or
bec
om
es il
leg
al, i
nva
lid o
r un
enfo
rcea
ble
und
er t
he la
ws
of a
ny ju
risd
ictio
n, t
hat s
hall
not a
ffect
:
20
.4.1
the
leg
alit
y, v
alid
ity o
r e
nfor
ceab
ility
in
tha
t ju
risdi
ctio
n o
f a
ny o
ther
p
rovi
sion
of
this
Agr
eem
ent;
or
20
.4.2
the
leg
alit
y, v
alid
ity o
r en
forc
eab
ility
un
der
the
la
ws
of a
ny o
ther
ju
risd
ictio
n of
that
or
ano
ther
pro
visi
on
of th
is A
gre
emen
t.
20.5
T
he p
rote
ctio
n o
f the
rig
hts
and
inte
rest
s o
f cre
dito
rs, P
olic
yho
lder
s, a
nd
othe
r st
akeh
olde
rs o
f th
e S
elle
r in
rel
atio
n t
o th
e B
usin
ess
shal
l fo
llow
th
e R
.O.C
B
usin
ess
Mer
ger
s a
nd A
cqui
sitio
n A
ct,
Fin
anc
ial I
nstit
utio
n M
erg
er A
ct a
nd
othe
r re
leva
nt la
ws
and
reg
ula
tions
of t
he R
.O.C
. T
he
Pur
chas
er u
nde
rtak
es to
pr
ote
ct t
he s
ecur
ity a
nd
pri
vacy
of
the
Po
licyh
old
er
Da
ta tr
ans
ferr
ed f
rom
the
S
elle
r un
der
this
A
gree
men
t in
a
de
gre
e
no
less
th
an
the
reg
ula
tory
re
qui
rem
ent
s un
der
the
Per
sona
l Dat
a P
rote
ctio
n A
ct o
f the
R.O
.C.
21
. E
NT
IRE
AG
RE
EM
EN
T
21.1
T
his
Agr
eem
ent
and
ea
ch d
ocum
ent
ref
erre
d to
in
it co
nstit
utes
the
ent
ire
agr
eem
ent
and
su
per
sed
es
any
p
revi
ous
agr
eem
ents
b
etw
een
th
e P
art
ies
rela
ting
to t
he s
ubje
ct m
atte
r of
this
Agr
eem
ent.
21.2
E
ither
Par
ty a
ckn
owle
dges
and
agr
ees
that
unl
ess
othe
rwis
e p
rovi
ded
fo
r un
der
this
Agr
eem
ent:
21
.2.1
no
me
mb
er
of t
he S
elle
r's G
roup
or
adv
iser
to
the
Sel
ler,
or
nei
ther
th
e P
urch
aser
nor
adv
isor
to
the
Pur
chas
er h
as m
ad
e an
y re
pre
sen
tatio
n or
w
arr
ant
y (w
heth
er e
xpre
ss o
r im
plie
d) t
hat t
he P
urch
ase
r or
the
Sel
lers
, as
the
ca
se m
ay
be
, co
nsid
ers
ma
teri
al
wh
ich
is n
ot s
et o
ut i
n th
e T
rans
actio
n D
ocu
me
nts;
21
.2.2
it ha
s no
t e
nter
ed i
nto
the
Tra
nsa
ctio
n D
ocu
me
nts
in
relia
nce
on a
ny
rep
rese
ntat
ion
or
wa
rran
ty e
xcep
t th
ose
set
out
in
the
Tra
nsac
tion
Do
cum
ents
; and
21
.2.3
it w
ill n
ot c
onte
nd
to th
e c
ont
rary
.
21.3
F
or th
e a
void
anc
e of
dou
bt,
rega
rdle
ss o
f an
y st
atu
tory
re
med
y th
at m
ay
exis
t, th
e S
elle
r do
es n
ot h
ave
an
y lia
bili
ty o
f a
ny
kind
to
th
e P
urch
aser
for
an
y re
pres
enta
tion
, w
arra
nty,
cov
ena
nt o
r ob
liga
tion
exce
pt
in r
esp
ect
of
the
re
med
ies
set
out
in th
is A
gree
men
t an
d th
e T
rans
actio
n D
ocum
ents
.
25
(T
he
ext
ract
of E
ng
lish
do
cum
en
ts is
for
refe
ren
ce o
nly
)
RE
ST
RIC
TE
D
30
21.4
N
othi
ng i
n t
his
Cla
use
21 s
hal
l ha
ve t
he
effe
ct o
f lim
iting
or
rest
rictin
g an
y lia
bili
ty a
risi
ng
as a
res
ult o
f any
fra
ud, w
ilfu
l mis
cond
uct o
r gr
oss
negl
igen
ce
of t
he S
elle
r, a
me
mb
er
of t
he S
elle
r's G
roup
or
the
Pur
chas
er.
22
. A
SS
IGN
ME
NT
22.1
S
ubje
ct t
o C
laus
e 2
2.2
or
othe
rwis
e pr
ovid
ed u
nde
r th
is A
gree
me
nt,
neith
er
the
Pur
chas
er n
or th
e S
elle
r sh
all a
ssig
n, tr
ansf
er, d
ecla
re a
trus
t of t
he b
enef
it of
or
in a
ny
oth
er w
ay
alie
nate
any
of
its r
ight
s un
der
this
Agr
eem
ent
whe
ther
in
who
le o
r in
par
t.
22.2
E
ach
of
the
Pur
chas
er o
r th
e S
elle
r m
ay,
with
the
co
nsen
t of
th
e ot
her
Pa
rty
(suc
h co
nsen
t no
t to
be
unre
aso
nab
ly w
ithh
eld)
res
pec
tivel
y, a
ssig
n to
a
me
mb
er o
f th
e S
elle
r’s G
roup
or
an
affi
liate
of t
he P
urch
aser
un
der
the
R.O
.C.
Co
mp
an
y A
ct (
"Affi
liate
") (a
s th
e ca
se m
ay
be)
the
ben
efit
of t
he w
hol
e or
an
y pa
rt o
f th
is A
gree
men
t; prov
ided
that
:
22
.2.1
if th
e as
sig
nee
ceas
es t
o b
e a
me
mb
er o
f th
e S
elle
r’s G
roup
or
an
Affi
liate
of
the
Pur
chas
er,
it sh
all,
bef
ore
ceas
ing
to b
e so
, as
sig
n th
e b
enef
it so
fa
r as
ass
igne
d to
it t
o a
noth
er m
emb
er o
f th
e S
elle
r’s G
roup
o
r a
not
her
Affi
liate
of
the
Pur
chas
er, a
s th
e ca
se m
ay
be;
22
.2.2
the
ass
igne
e sh
all
not
be
entit
led
to r
ecei
ve u
nde
r th
is A
gree
men
t an
y g
rea
ter
am
oun
t th
an
th
at
to w
hic
h t
he a
ssig
nin
g P
art
y w
oul
d h
ave
bee
n
entit
led;
and
22
.2.3
no
oblig
atio
ns o
f th
e S
elle
r o
r th
e P
urch
aser
(as
the
cas
e m
ay
be)
sha
ll tr
ans
fer
pur
sua
nt t
o th
is C
laus
e 22
.2.
23
. N
OT
ICE
S
23.1
A
no
tice
or o
ther
co
mm
uni
catio
n u
nde
r or
in c
onn
ectio
n w
ith t
his
Agr
eem
ent
(a
"Not
ice"
) sh
all
be:
23
.1.1
in w
ritin
g; a
nd
23
.1.2
del
iver
ed
pe
rson
ally
, o
r se
nt
by
regi
ster
ed
ma
il,
or
cour
ier
by
an
inte
rnat
iona
lly r
eco
gnis
ed c
our
ier
com
pa
ny (
e.g
. F
edE
x or
DH
L) o
r b
y fa
x, to
the
Pa
rty
duly
to r
ecei
ve th
e N
otic
e at
its
addr
ess
set o
ut in
Cla
use
23
.3 o
r to
su
ch o
ther
add
ress
, p
erso
n or
fa
x nu
mb
er a
s th
e P
arty
ma
y sp
ecify
by
not
less
tha
n se
ven
da
ys'
wri
tten
not
ice
to t
he o
ther
Par
ty
rece
ived
bef
ore
the
Not
ice
wa
s de
spat
ched
.
23.2
In
the
abs
ence
of e
vide
nce
of e
arlie
r re
ceip
t, a
Not
ice
sha
ll b
e d
eem
ed to
hav
e
bee
n d
uly
give
n if:
23
.2.1
del
iver
ed p
erso
nal
ly,
wh
en l
eft
at
the
add
ress
ref
erre
d to
in
sub
-cla
use
23
.1.2
;
23
.2.2
sent
by
regi
ster
ed m
ail
or
cour
ier,
two
(2)
Bus
ines
s D
ays
aft
er p
ostin
g it
; a
nd
(T
he
ext
ract
of E
ng
lish
do
cum
en
ts is
for
refe
ren
ce o
nly
)
RE
ST
RIC
TE
D
31
23.2
.3 s
ent b
y fa
x, w
hen
co
nfirm
atio
n o
f its
tra
nsm
issi
on h
as
bee
n re
cord
ed o
n th
e s
end
er's
fax
ma
chin
e.
23.3
T
he a
ddre
ss r
efer
red
to in
sub
-cla
use
23
.1.2
is:
Nam
e of
Par
ty
Add
ress
F
ax N
o.
Mar
ked
for
the
atte
ntio
n of
Alli
anz
Taiw
an L
ife
Insu
ranc
e C
o. L
td.
7th F
l., N
o.10
0, S
ectio
n 5
, X
inY
i R
oad
, X
inY
i Dis
tric
t, T
aipe
i, Ta
iwan
+88
6 2
878
9 21
99
Dan
ny L
am, C
EO
CH
INA
LIF
E
INS
UR
AN
CE
CO
., LT
D.
5th F
l., N
o. 1
22,
Du
nhu
a N
. Roa
d,
Son
g S
han
Dis
tric
t, Ta
ipei
, Ta
iwan
+88
6 2
871
2 90
55
Pre
sid
ent
24
. G
OV
ER
NIN
G L
AW A
ND
AR
BIT
RA
TIO
N
24.1
T
his
Agr
eem
ent
and
an
y no
n-c
ont
ract
ual
oblig
atio
ns a
risin
g ou
t of
or
in
conn
ectio
n w
ith t
he A
gree
men
t is
go
vern
ed b
y, a
nd s
hall
be
cons
tru
ed i
n a
ccor
da
nce
with
, th
e la
ws
of th
e R
.O.C
.
24.2
A
ny
dis
put
e,
cont
rove
rsy
or
clai
m
aris
ing
from
or
co
nnec
ted
with
th
is
Agr
eem
ent,
incl
udi
ng o
ne r
egar
ding
the
exi
sten
ce,
valid
ity o
r te
rmin
atio
n o
f th
is
Agr
eem
ent
or
the
cons
equ
ence
s of
its
nu
llity
an
d an
y co
ntra
ctua
l, pr
e-co
ntra
ctua
l or
non
-con
tra
ctua
l ri
ghts
, ob
ligat
ion
s or
lia
bili
ties
or o
ther
di
sput
e (a
"Dis
pute
") s
hall
be
ref
erre
d to
the
Ch
ines
e A
rbitr
atio
n A
ssoc
iatio
n,
Taip
ei (
the
"Ass
ocia
tion"
) a
nd
fina
lly r
eso
lved
by
arb
itra
tion
un
der
the
R.O
.C.
Arb
itra
tion
Law
and
th
e a
rbitr
atio
n r
ules
of
the
Ass
ocia
tion
in f
orce
as
at
the
date
of
th
is
Agr
eem
ent,
w
hich
ru
les
are
dee
med
to
b
e in
corp
ora
ted
by
refe
renc
e in
to t
his
Cla
use
24.2
and
as
ma
y b
e a
me
nded
by
the
rest
of
this
C
laus
e 24
.2.
24.3
T
he a
rbitr
al t
ribu
nal s
hall
cons
ist o
f thr
ee
arb
itrat
ors.
The
Sel
ler
shal
l hav
e th
e ri
ght t
o ap
poi
nt o
ne
arb
itra
tor
an
d th
e P
urch
aser
sha
ll ha
ve th
e ri
ght t
o a
pp
oint
on
e a
rbitr
ato
r. O
nce
two
arb
itrat
ors
have
bee
n a
ppo
inte
d b
y th
e S
elle
r a
nd
the
P
urch
aser
pur
sua
nt to
this
Cla
use
24.3
, suc
h a
ppoi
nte
d a
rbitr
ator
s sh
all
join
tly
sele
ct a
nd
app
oint
the
thi
rd a
rbitr
ato
r (o
r fa
ilin
g ag
reem
ent
, th
e A
ssoc
iatio
n
sha
ll p
rom
ptly
ap
poi
nt th
e th
ird
arb
itrat
or).
24.4
T
he s
eat o
f the
arb
itrat
ion
sha
ll b
e T
aip
ei T
aiw
an,
all
hea
rings
sha
ll ta
ke p
lace
in
Tai
pe
i Ta
iwa
n, a
nd t
he l
angu
age
of
the
arb
itrat
ion
sha
ll b
e E
nglis
h an
d C
hin
ese.
24.5
A
ny
aw
ard
of t
he a
rbitr
al t
ribun
al (
the
"Aw
ard
") s
ha
ll b
e m
ade
in w
ritin
g an
d sh
all
be
final
and
bin
ding
on
the
Pa
rtie
s fr
om t
he d
ay
it is
ma
de.
The
Pa
rtie
s un
dert
ake
to c
arry
out
th
e A
war
d w
itho
ut d
elay
.
24.6
T
he P
artie
s w
aive
an
y ri
ght
to r
efe
r p
oint
s of
law
or
to a
ppea
l to
the
cour
ts, t
o th
e ex
ten
t th
at
such
wa
iver
can
va
lidly
be
ma
de.
The
Par
ties
sha
ll no
t b
e de
em
ed,
how
eve
r, t
o ha
ve w
aiv
ed a
ny
rig
ht t
o c
ha
llen
ge a
ny A
war
d o
n th
e
gro
und
tha
t th
e ar
bitr
al t
ribun
al l
ack
ed s
ubst
ant
ive
juris
dic
tion
and
/or
on t
he
26
(T
he
ext
ract
of E
ng
lish
do
cum
en
ts is
for
refe
ren
ce o
nly
)
RE
ST
RIC
TE
D
32
gro
und
of s
erio
us ir
regu
larit
y a
ffect
ing
the
arb
itra
l trib
una
l, th
e pr
ocee
din
gs o
r th
e A
wa
rd t
o th
e ex
tent
allo
wed
by
law
of
the
sea
t of
arb
itrat
ion
. N
othi
ng in
th
is C
laus
e 24
.6 s
hall
be c
ons
tru
ed a
s pr
eve
ntin
g a
ny P
art
y fr
om
see
kin
g co
nser
vato
ry o
r in
teri
m r
elie
f fr
om
an
y co
urt o
f co
mp
eten
t jur
isdi
ctio
n.
25
. G
OV
ER
NIN
G L
AN
GU
AG
E
25.1
T
his
Agr
eem
ent i
s dr
awn
up
in th
e E
nglis
h la
ngua
ge.
Th
e S
elle
r sh
all p
rovi
de
the
Pur
chas
er w
ith t
he C
hine
se t
rans
latio
n o
f th
is A
gree
men
t.
Onc
e t
his
A
gree
men
t is
tran
slat
ed in
to C
hin
ese,
the
En
glis
h la
ngua
ge t
ext p
reva
ils.
25.2
E
ach
no
tice,
de
ma
nd,
req
ues
t, s
tate
men
t, i
nstr
umen
t, ce
rtifi
cate
or
oth
er
com
mun
ica
tion
give
n, d
eliv
ered
or
ma
de b
y a
Par
ty t
o a
ny
othe
r P
art
y u
nder
or
in c
onne
ctio
n w
ith th
is A
gree
men
t sh
all b
e in
Eng
lish
and
Chi
nese
.
26
. C
OU
NT
ER
PA
RT
S
Th
is A
gree
men
t m
ay
be
exec
uted
in a
ny
nu
mb
er o
f co
unte
rpar
ts (
incl
udin
g b
y fa
csim
ile o
r b
y a
n el
ectr
onic
sca
n de
liver
ed
by
elec
tron
ic m
ail)
, ea
ch o
f w
hich
w
hen
exe
cute
d a
nd d
eliv
ered
is a
n or
igin
al a
nd a
ll of
wh
ich
toge
ther
evi
de
nce
the
sa
me
agr
eem
ent.
(T
he
ext
ract
of E
ng
lish
do
cum
en
ts is
for
refe
ren
ce o
nly
)
RE
ST
RIC
TE
D
33
EX
EC
UT
ED
BY
TH
E P
AR
TIE
S
Sig
ned
by
) fo
r an
d on
beh
alf
of
) A
LLIA
NZ
TA
IWA
N L
IFE
INS
UR
AN
CE
)
CO
. LT
D.
) A
S T
HE
SE
LLE
R
)
Sig
natu
re
Nam
e D
ann
y La
m Sig
ned
by
) fo
r an
d on
beh
alf
of
) C
HIN
A L
IFE
INS
UR
AN
CE
CO
., LT
D.
AS
TH
E P
UR
CH
AS
ER
)
Sig
natu
re
Nam
e Yu
-Lin
g, K
uo
27
(T
he
ext
ract
of E
ng
lish
do
cum
en
ts is
for
refe
ren
ce o
nly
)
RE
ST
RIC
TE
D
1
SPIN
OF
F P
LA
N
SP
IN-O
FF
PL
AN
OF
ALL
IAN
Z T
AIW
AN
LIF
E IN
SU
RA
NC
E C
O.
L TD
. (T
HE
"S
PIN
-OF
F P
LAN
")
Alli
anz
Tai
wan
Life
In
sura
nce
Com
pan
y Li
mite
d ("
Alli
an
z T
aiw
an")
con
tem
pla
tes
to t
ran
sfer
cer
tain
of
its
tra
ditio
nal
life
insu
ran
ce p
olic
y b
usi
nes
s, in
clud
ing
asse
ts a
nd li
abili
ties
(co
llect
ive
ly, "
Bus
ines
s A
sset
s")
to C
hin
a Li
fe I
nsur
ance
Co.
, Lt
d. (
"Chi
na
Life
"),
by
wa
y of
sp
in o
ff th
roug
h n
o ca
pita
l red
uctio
n in
acc
ord
ance
with
th
e B
usi
nes
s M
erge
rs &
Acq
uis
ition
s A
ct (
the
"Sp
in-O
ff")
in e
xch
ange
for
cas
h co
nsi
der
atio
n t
o b
e p
aid
by
Ch
ina
Life
with
out
issu
ance
of
an
y n
ew s
hare
s.
The
det
ails
of
the
Spi
n-O
ff P
lan,
whi
ch h
ave
bee
n p
rep
ared
in
acco
rdan
ce w
ith a
pplic
ab
le la
w, a
re a
s fo
llow
s:
Art
icle
1
Com
pani
es P
arti
cipa
ting
in t
he
Spin
-Off
As
of t
he d
ate
of th
e S
pin
-Off
Pla
n, t
he a
uth
oriz
ed c
apita
l of A
llian
z T
aiw
an is
NT
$ 22
,38
3,0
00,
000
, div
ided
into
2
,238
,300
,000
sh
are
s a
t th
e pa
r va
lue
of
NT
$1
0 p
er s
har
e an
d th
e p
aid
-in c
api
tal
of
Alli
anz
Ta
iwan
is
NT
$ 6
,183
,000
,000
, div
ided
into
618
,300
,00
0 sh
ares
at t
he p
ar v
alu
e o
f NT
$1
0 p
er s
har
e.
As
of t
he d
ate
of t
he S
pin-
Off
Pla
n,
the
auth
oriz
ed c
apita
l of
Ch
ina
Life
is
NT
$ 3
8,0
00
,00
0,0
00,
div
ided
in
to
3,8
00,0
00,0
00 s
har
es a
t th
e p
ar v
alu
e of
NT
$10
pe
r sh
are
and
the
pai
d-in
cap
ital
of C
hin
a Li
fe i
s N
T$
3
7,8
63,9
84,0
00,
div
ided
into
3,7
86,
398
,400
sh
ares
at t
he
par
va
lue
of N
T$
10 p
er s
har
e.
Up
on th
e co
mp
letio
n o
f the
Sp
in-O
ff, C
hin
a Li
fe w
ill a
ssum
e th
e B
usi
nes
s A
sset
s.
Ch
ina
Life
’s h
ead
offic
e w
ill
still
be
loca
ted
at 5th
Fl.,
No.
122
, Du
nhua
N. R
oad
, S
ong
Sha
n D
istr
ict,
Tai
pei
, T
aiw
an a
nd th
e te
rrito
ries
with
in
wh
ich
Ch
ina
Life
can
con
duc
t its
bu
sin
esse
s ar
e th
e R
epu
blic
of
Chi
na (
Tai
wa
n) (
“RO
C”)
and
oth
er t
erri
tori
es
per
mitt
ed b
y la
ws.
Art
icle
2
Art
icle
s of
Inc
orpo
rati
on o
f C
hina
Lif
e
The
Art
icle
s of
Inco
rpor
atio
n of
Ch
ina
Life
are
not
req
uire
d to
be
amen
ded
bec
ause
of t
he
Sp
in-O
ff.
Art
icle
3
Met
hod
of S
pin-
Off
On
the
Effe
ctiv
e D
ate
(d
efin
ed a
s b
elo
w),
Alli
anz
Ta
iwan
will
tran
sfer
the
Bus
ines
s A
sset
s to
Chi
na L
ife b
y w
ay
of th
e S
pin
-off
in a
ccor
danc
e w
ith th
e B
usin
ess
Mer
gers
and
Acq
uis
ition
s A
ct in
exc
han
ge fo
r ca
sh to
be
paid
by
Ch
ina
Life
to A
llian
z T
aiw
an.
Art
icle
4
Eff
ecti
ve D
ate
The
con
tem
pla
ted
effe
ctiv
e d
ate
of th
e S
pin-
Off
is 1
8 M
ay
201
8 or
su
ch o
ther
dat
e as
mut
ually
agr
eed
by
Alli
anz
T
aiw
an a
nd
Ch
ina
Life
("E
ffect
ive
Dat
e").
Art
icle
5
Sco
pe,
Val
ue,
Spi
n-O
ff A
sset
s an
d Sp
in-O
ff L
iabi
litie
s of
the
Bus
ines
s A
sset
s an
d th
e V
alua
tion
Bas
is
(a)
Sco
pe:
the
lega
cy t
rad
ition
al
life
insu
ranc
e bu
sin
ess
of A
llian
z T
aiw
an s
et f
orth
in
Ap
pend
ix A
as
con
du
cted
by
Lega
cy T
radi
tiona
l Bus
ine
ss U
nit
("傳統保單事業一部
") o
f A
llian
z T
aiw
an a
s a
n in
dep
end
ently
op
erat
ed b
usin
ess.
(b)
Ne
t ass
et v
alu
e o
f th
e B
usin
ess
Ass
ets
is N
T$
22
,200
,000
,000
.
(T
he
ext
ract
of E
ng
lish
do
cum
en
ts is
for
refe
ren
ce o
nly
)
RE
ST
RIC
TE
D
2
(c)
Ass
ets:
Est
imat
ed a
t NT
$ 5
0,60
0,0
00,0
00 (
"Sp
in-O
ff A
sset
s")
(d)
Liab
ilitie
s: E
stim
ate
d at
NT
$ 2
8,4
00,0
00,
000
("S
pin
-Off
Liab
ilitie
s").
(e)
The
af
orem
ent
ione
d ne
t as
set
valu
e h
as
bee
n ag
reed
by
th
e p
artie
s to
th
is S
pin
-Off
Pla
n.
The
af
orem
entio
ned
Sp
in-O
ff A
sset
s a
nd S
pin
-Off
Liab
ilitie
s a
re e
stim
ates
as
of t
he
Effe
ctiv
e D
ate
on t
he
bas
is o
f p
ro-f
orm
a fig
ure
s ap
ply
ing
Ta
iwan
ese
GA
AP
as
of 3
1 D
ecem
ber
2016
.
(f)
If th
e sc
ope,
Spi
n-O
ff A
sset
s a
nd S
pin
-Off
Liab
ilitie
s o
f th
e B
usi
ness
Ass
ets
nee
d t
o be
adj
uste
d a
s re
qu
ired
by
the
app
licab
le l
aw
s an
d r
egu
latio
ns o
r, t
he c
om
pete
nt a
uth
oriti
es,
the
boar
d o
f d
irec
tors
of
Alli
anz
T
aiw
an a
nd
Ch
ina
Life
or
any
pers
on d
esig
nat
ed b
y th
em a
re a
uth
oriz
ed t
o m
ake
nec
essa
ry a
dju
stm
ent
with
out
con
ven
ing
a sh
areh
old
ers
me
etin
g.
Art
icle
6
Con
side
rati
on t
o be
pro
vide
d by
Chi
na
Lif
e
Ch
ina
Life
will
pa
y ca
sh in
the
amou
nt o
f NT
$1
to A
llian
z T
aiw
an
as c
onsi
der
atio
n fo
r th
e B
usin
ess
Ass
ets
to b
e as
sum
ed b
y C
hin
a Li
fe.
Su
ch c
onsi
der
atio
n h
as c
onsi
dere
d th
e ex
pec
ted
incr
ease
of
the
afor
emen
tione
d
Liab
ilitie
s (w
hic
h i
ncl
ud
e th
e in
sura
nce
res
erve
s) i
n a
ccor
danc
e w
ith t
he u
nde
rlyin
g va
luat
ion
of
the
Bu
sine
ss
Ass
ets.
Art
icle
7
Ass
umpt
ion
of R
ight
s an
d O
blig
atio
ns
On
the
Effe
ctiv
e D
ate,
Chi
na
Life
will
ass
ume
the
Sp
in-O
ff A
sse
ts a
nd
Spi
n-O
ff Li
abili
ties
of th
e B
usi
nes
s A
sset
s in
acc
ord
ance
with
th
e S
pin
-Off
Pla
n.
Alli
anz
Tai
wa
n an
d C
hin
a Li
fe s
ha
ll jo
intly
pro
ceed
with
any
nec
essa
ry
tra
nsfe
r p
roce
dur
es.
Art
icle
8
Met
hods
to
Pro
tect
the
Rig
hts
and
Inte
rest
s of
the
Cre
dito
rs a
nd
Pol
icyh
olde
rs
Not
ice
of t
he
Sp
in-O
ff sh
all
be
sent
to
the
cred
itors
(in
clud
ing
Pol
icyh
old
er)
and
pub
lic a
nno
un
cem
ent
in a
n
atio
nal n
ew
spap
er s
hall
be
mad
e in
RO
C a
s so
on a
s th
e S
pin
-Off
has
bee
n a
ppro
ved
by
the
shar
eho
lder
s' m
eetin
g of
Alli
anz
Tai
wan
an
d th
e sh
areh
old
ers’
me
etin
g of
the
Ch
ina
Life
. A
ny
such
not
ice
sha
ll se
t for
th a
t lea
st a
thir
ty
(30)
day
per
iod
for
cre
dito
rs (
incl
ud
ing
the
Pol
icyh
old
ers)
to
rais
e th
eir
obj
ect
ion
s in
acc
ord
ance
with
th
e B
usi
nes
s M
erg
ers
& A
cqu
isiti
ons
Act
.
Not
ice
to b
e ap
pro
ved
by
the
Fin
anci
al S
upe
rvis
ory
Com
mis
sion
("F
SC
") s
hall
be s
ent
by
Alli
anz
Tai
wan
to
the
P
olic
yho
lder
an
d p
ubl
ic a
nn
oun
cem
ent
to b
e ap
prov
ed b
y F
SC
sh
all b
e m
ade
in a
nat
ion
al n
ewsp
aper
in R
.O.C
.,
info
rmin
g th
em o
f th
e tr
ansf
er t
o b
e e
ffect
ed
on t
he
Effe
ctiv
e D
ate
afte
r th
e S
pin
-Off
has
be
en a
ppro
ved
by
the
FS
C a
nd
Alli
anz
Tai
wan
's c
ap
ital
inje
ctio
n h
as b
een
app
rove
d b
y th
e In
vest
men
t C
omm
issi
on o
f M
inis
try
of
Eco
nom
ic A
ffair
s ("
IC")
.
If a
polic
yho
lder
rai
ses
his
/her
ob
ject
ion
to th
e tr
ansf
er o
f his
/he
r in
sura
nce
pol
icy
to C
hin
a Li
fe w
ithin
an
y th
irty
(3
0) d
ays
peri
od o
f tim
e as
not
ified
by
the
Se
ller
and
doe
s n
ot w
ithd
raw
suc
h ob
ject
ion
bef
ore
the
Effe
ctiv
e D
ate
("D
isse
ntin
g P
olic
yho
lder
"),
Alli
anz
Tai
wan
sh
all
dea
l w
ith a
nd
settl
e w
ith t
he
Dis
sent
ing
Pol
icyh
old
er b
y of
feri
ng
to r
efu
nd
the
po
licy
valu
e an
d te
rmin
ate
the
insu
ranc
e po
licie
s of
suc
h D
isse
ntin
g P
olic
yho
lder
.
Art
icle
9
Em
ploy
ee
Alli
anz
Tai
wan
will
not
tran
sfer
any
em
plo
yee
to C
hin
a Li
fe u
nd
er th
e S
pin
-Off
Pla
n.
28
(T
he
ext
ract
of E
ng
lish
do
cum
en
ts is
for
refe
ren
ce o
nly
)
RE
ST
RIC
TE
D
3
Art
icle
10
No
Inte
rru
ptio
n o
f Se
rvic
e to
Pol
icyh
olde
rs
In o
rder
to
ensu
re a
sm
ooth
tra
nsfe
r an
d n
ot t
o ca
use
inte
rru
ptio
n o
f se
rvic
es t
o th
e p
olic
yho
lder
s, t
he
par
ties
her
eto
agre
e to
est
ablis
h a
join
t com
mitt
ee to
ove
rsee
an
d m
anag
e th
e se
par
atio
n.
Art
icle
11
Gov
erni
ng L
aw
The
Spi
n-O
ff P
lan
sh
all
be g
ove
rned
by
the
law
s of
the
RO
C.
Art
icle
12
Oth
er P
rovi
sion
s
An
y te
rm o
r co
nditi
on o
f th
is S
pin
-Off
Pla
n w
hic
h is
inva
lid o
r co
ntra
dic
ts a
ny
rele
vant
law
s or
re
gula
tion
s an
d th
ereb
y b
ecom
es in
valid
sh
all
be in
effe
ctiv
e to
the
ext
ent o
f su
ch in
valid
ity.
Th
e d
irec
tor
or o
ffice
r of
the
Par
ties
so a
uth
oriz
ed b
y th
e B
oard
of
Dir
ecto
rs o
r th
e S
har
ehol
der
s M
eetin
g sh
all r
evi
se t
his
Pla
n in
su
ch a
ma
nner
to
reso
lve
any
cont
rad
ictio
n in
acc
ord
ance
with
rel
eva
nt l
aws
and
regu
latio
ns.
If th
ere
is a
ny
chan
ge r
equ
ired
by
the
com
pet
ent
au
thor
ities
to
the
term
s an
d co
nd
ition
s of
th
is P
lan
and
su
ch
chan
ge i
s a
gree
d b
y th
e p
artie
s h
eret
o, t
he
auth
oriz
ed p
erso
ns
of t
he
part
ies
may
rev
ise
this
Pla
n w
ithou
t co
nve
nin
g a
Boa
rd o
f Dir
ect
ors
mee
ting
or a
Sh
areh
old
ers
Mee
ting.
Sho
uld
ther
e is
an
y m
atte
r no
t pro
vid
ed in
the
Spi
n-O
ff P
lan
, it s
ha
ll be
su
bjec
t to
the
pro
visi
ons
sep
arat
ely
agr
eed
b
y th
e pa
rtie
s in
the
Agr
eem
ent f
or th
e S
ale
and
Pur
chas
e of
the
trad
ition
al L
ife In
sura
nce
Ass
ets
and
Liab
ilitie
s of
A
llia
nz T
aiw
an L
ife In
sura
nce
Co.
Ltd
, wh
ich
sh
all p
reva
il, a
nd
an
y ca
ptio
ned
term
s n
ot d
efin
ed in
the
Sp
in-O
ffer
Pla
n s
hal
l hav
e th
e sa
me
mea
nin
g th
ere
in.
IN W
ITN
ES
S W
HE
RE
OF
, th
e p
artie
s he
reto
hav
e ca
use
d t
he
Sp
in-O
ff P
lan
to
be
exec
ute
d b
y th
eir
du
ly
auth
oriz
ed r
epre
sen
tativ
es a
s of
[D
ate]
.
AL
LIA
NZ
TA
IWA
N L
IFE
IN
SUR
AN
CE
CO
. LT
D.
By:
__
___
____
___
___
___
____
Nam
e: D
ann
y La
m
Titl
e:
CE
O
CH
INA
LIF
E I
NSU
RA
NC
E C
O.,
LT
D.
By:
__
___
____
___
___
___
____
Nam
e: Y
u-L
ing,
Ku
o
Titl
e:P
resi
den
t
(T
he
ext
ract
of E
ng
lish
do
cum
en
ts is
for
refe
ren
ce o
nly
)
RE
ST
RIC
TE
D
4
Ann
ex A
The
Bus
ines
s co
mpr
ises
all
polic
ies
with
the
follo
win
g pr
oduc
t/ e
ndor
sem
ent c
ode
and
prod
uct/
en
dor
sem
ent n
ame.
Pro
d C
ode
Pro
duct
Nam
e A
DD
R
安聯人壽意外傷害保險附約
AH
IR
安聯人壽意外傷害保險附約
AM
RN
安聯人壽意外傷害保險附約
AM
RS
安聯人壽意外傷害保險附約
CH
R
安聯人壽一年定期癌症醫療健康保險附約
CH
W0
安聯人壽菁英終身壽險(甲型)
CH
W1
安聯人壽菁英終身壽險(乙型)
CH
W2
安聯人壽菁英終身壽險(丙型)
CR
安聯人壽一年定期癌症健康保險附約
CR
2 安聯人壽新一年定期癌症健康保險附約
CT
B
安聯人壽新防癌定期健康保險附約
CT
I 安聯人壽新防癌定期健康保險
CT
R
安聯人壽防癌定期健康保險附約
CW
B
安聯人壽新防癌終身健康保險附約
CW
I 安聯人壽新防癌終身健康保險
CW
R
安聯人壽防癌終身健康保險附約
DD
R
安聯人壽一年定期重大疾病暨特定傷病健康保險附約
DR
安聯人壽殘廢給付保險附約
DT
B0
安聯人壽重大疾病定期健康保險附約(甲型)
DT
B1
安聯人壽重大疾病定期健康保險附約(乙型)
DW
2 安聯人壽新潮流終身壽險(202型)
DW
3 安聯人壽新潮流終身壽險(312型)
DW
B0
安聯人壽重大疾病終身健康保險附約(甲型)
DW
B1
安聯人壽重大疾病終身健康保險附約(乙型)
DW
I0
安聯人壽重大疾病終身健康保險(甲型)
DW
I1
安聯人壽重大疾病終身健康保險(乙型)
DW
R
安聯人壽重大疾病終身壽險附約
EA
1 安聯人壽多利養老保險(增值型)
EA
2 安聯人壽多利養老保險(特別增值型)
EN
1 安聯人壽金滿意養老保險
EN
2 安聯人壽金滿意分紅養老保險
EN
3 安聯人壽滿福養老保險
EN
5 安聯人壽圓滿養老保險
EN
R
安聯人壽養老保險附約
FIR
安聯人壽骨力強傷害保險附約
HII
安聯人壽寶健醫療定期保險(甲型)
29
(T
he
ext
ract
of E
ng
lish
do
cum
en
ts is
for
refe
ren
ce o
nly
)
RE
ST
RIC
TE
D
5
Pro
d C
ode
Pro
duct
Nam
e H
IR
安聯人壽寶健醫療定期保險附約(甲型)
HM
R
安聯人壽一年定期住院醫療費用保險附約
HS
I 安聯人壽寶健醫療定期保險(乙型)
HS
R
安聯人壽寶健醫療定期保險附約(乙型)
MB
R
安聯人壽重大燒燙傷傷害保險附約
ND
R
安聯人壽享安心殘廢照護健康保險附約
PA
AR
安聯人壽金平安傷害保險附約
TL0
安聯人壽定期壽險
TL1
安聯人壽寶平安還本定期壽險
TLR
安聯人壽定期壽險附約
WA
0 安聯人壽家樂555增值終身壽險(甲型)
WA
1 安聯人壽家樂555增值終身壽險(乙型)
WA
0N
安聯人壽新家樂555增值終身壽險(甲型)
WA
1N
安聯人壽新家樂555增值終身壽險(乙型)
WB
0 安聯人壽家福510增值終身壽險(甲型)
WB
1 安聯人壽家福510增值終身壽險(乙型)
WC
R0
安聯人壽新勇健終身健康保險附約(甲型)
WC
R1
安聯人壽新勇健終身健康保險附約(乙型)
WD
S1
安聯人壽家和終身壽險
WD
S2
安聯人壽家興終身壽險
WE
安聯人壽祥安增額終身壽險
WF
0 安聯人壽711增值終身壽險(甲型)
WF
1 安聯人壽711增值終身壽險(乙型)
WII0
安聯人壽勇健醫療終身保險(甲型)
WS
I0
安聯人壽勇健醫療終身保險(乙型)
WII1
安聯人壽勇健醫療終身保險(丙型)
WS
I1
安聯人壽勇健醫療終身保險(丁型)
WIR
0 安聯人壽勇健醫療終身保險附約(甲型)
WS
R0
安聯人壽勇健醫療終身保險附約(乙型)
WIR
1 安聯人壽勇健醫療終身保險附約(丙型)
WS
R1
安聯人壽勇健醫療終身保險附約(丁型)
WL1
安聯人壽萬世富終身壽險
WL1
N
安聯人壽萬世福終身壽險
WLC
安聯人壽快樂人生終身壽險
WLP
安聯人壽全民還本終身壽險
WLR
安聯人壽終身壽險附約
WLR
N
安聯人壽新終身壽險附約
WP
R
安聯人壽重大疾病及二至六級殘廢豁免保險費附約
WP
TD
安聯人壽要保人豁免保險費健康保險附約
WS
B
安聯人壽家齊增額分紅終身壽險
(T
he
ext
ract
of E
ng
lish
do
cum
en
ts is
for
refe
ren
ce o
nly
)
RE
ST
RIC
TE
D
6
Pro
d C
ode
Pro
duct
Nam
e W
Y2
K
安聯人壽富貴千禧終身壽險
YH
B
安聯人壽享健康健康保險附約
YH
R
安聯人壽一年定期住院醫療日額健康保險附約
YS
R
安聯人壽一年定期手術醫療健康保險附約
E
ndor
sem
ent
Cod
e E
ndor
sem
ent
Nam
e
TIB
安聯人壽關懷生命提前給付批註條款
ED
LER
安聯人壽附約延續批註條款
ED
HM
R
安聯人壽實支實付住院醫療費用保險金批註條款
ED
S
安聯人壽人壽保險及傷害保險批註條款
ED
YE
R
安聯人壽一年期附約延續批註條款
30
EXECUTION VERSION
(T
he
ext
ract
of E
ng
lish
do
cum
en
ts is
for
refe
ren
ce o
nly
)
RE
ST
RIC
TE
D
SE
RV
ICE
S A
GR
EE
ME
NT
Da
ted
19 O
ctob
er 2
017
betw
een
ALL
IAN
Z T
AIW
AN
LIF
E IN
SU
RA
NC
E C
O. L
TD
.
and
CH
INA
LIF
E IN
SU
RA
NC
E C
O.,
LTD
.
(T
he
ext
ract
of E
nglis
h d
ocu
me
nts
is fo
r re
fere
nce
on
ly)
RE
ST
RIC
TE
D
1
TH
IS S
ER
VIC
ES
AG
RE
EM
EN
T (
this
"S
ervi
ces
Agr
eem
ent"
) is
mad
e on
19
Oct
ober
201
7
BE
TW
EE
N
1.
ALL
IAN
Z T
AIW
AN
LIF
E IN
SU
RA
NC
E C
O. L
TD
.,
a c
om
pa
ny
limite
d b
y sh
are
s in
corp
ora
ted
in a
ccor
danc
e w
ith th
e la
ws
of R
.O.C
. w
ith r
egis
trat
ion
num
ber
892
835
91 a
nd r
egis
tere
d of
fice
is a
t 5th F
l., N
o. 1
00
, Sec
tion
5, X
inY
i R
oad,
Xin
Yi D
istr
ict,
Tai
pei
, Tai
wa
n (t
he "Sel
ler")
; and
2.
CH
INA
LI
FE
IN
SU
RA
NC
E
CO
., LT
D.
, a
co
mp
any
limite
d b
y sh
are
s in
corp
ora
ted
in a
ccor
danc
e w
ith t
he
law
s of
R.O
.C.
with
reg
istr
atio
n nu
mb
er
034
340
16 a
nd r
egis
tere
d o
ffice
is
at
5th F
l., N
o.
122
, D
unh
ua N
. R
oad,
So
ng
Sh
an
Dis
tric
t, T
aip
ei, T
aiw
an
(the
"Pur
chas
er")
.
each
, a "P
arty
" an
d to
geth
er, t
he "Par
ties"
.
BA
CK
GR
OU
ND
(A)
The
Sel
ler
an
d th
e P
urc
hase
r h
ave
ent
ered
into
an
Agr
eem
ent
for
the
Sa
le a
nd
Pur
chas
e of
the
Tra
diti
ona
l Li
fe I
nsu
ranc
e A
sse
ts a
nd L
iabi
litie
s of
Alli
anz
T
aiw
an
Life
Ins
ura
nce
Co.
Ltd
. D
ate
d 1
9 O
ctob
er
2017
, p
ursu
ant
to
whi
ch t
he
Se
ller
ha
s a
gree
d to
se
ll,
an
d th
e P
urch
ase
r ha
s a
gree
d to
p
urch
ase
, th
e B
usin
ess
incl
udin
g A
sset
s a
nd L
iab
ilitie
s b
y w
ay
of
spin
off
on
the
term
s a
nd
sub
ject
to
the
cond
ition
s se
t ou
t th
erei
n (t
he "
SP
A").
T
his
Ser
vice
s A
gre
emen
t is
en
tere
d in
to
bet
wee
n
the
Par
ties
in
cons
ider
atio
n
for
the
Pur
chas
er’s
pa
yme
nt o
f P
urch
ase
Pric
e a
nd a
ssum
ptio
n o
f th
e Li
ab
ilitie
s fr
om t
he S
elle
r un
der
the
SP
A.
(B)
The
Sel
ler
and
the
Pur
chas
er a
gree
to
imp
lem
ent t
he S
epa
ratio
n P
lan
by
com
ply
ing
and
per
form
ing
thei
r re
spec
tive
oblig
atio
ns
und
er
this
Ser
vice
s A
gre
em
ent
.
(C)
The
Par
ties
ackn
ow
ledg
e a
nd a
gree
tha
t th
e P
artie
s sh
all
com
ple
te a
nd g
ive
ef
fect
to
the
Da
ta M
igra
tion
as s
oon
as
pos
sib
le i
n a
ccor
danc
e w
ith t
he
term
s an
d su
bje
ct to
the
con
ditio
ns s
et o
ut h
erei
n.
NO
W IT
IS A
GR
EE
D a
s fo
llow
s:
1.
Inte
rpre
tatio
n
1.1
In
thi
s S
ervi
ces
Ag
reem
ent
:
31
(T
he
ext
ract
of E
nglis
h d
ocu
me
nts
is fo
r re
fere
nce
on
ly)
RE
ST
RIC
TE
D
2
" Affi
liate
s "
mea
ns
any
co
mp
any
(i
) w
hich
h
as
dire
ct
or
indi
rect
C
ont
rolli
ng I
nter
est
on
a P
arty
, (i
i) o
ver
wh
ich
a P
art
y ha
s di
rect
or
indi
rect
Con
trol
ling
Inte
rest
, or
(iii
) w
hich
is
dire
ctly
or
ind
irect
ly u
nd
er c
omm
on C
ontr
olli
ng I
nte
rest
of
the
ulti
ma
te h
oldi
ng c
om
pa
ny o
f a
Par
ty f
rom
tim
e to
tim
e;
"Bus
ines
s" ha
s th
e sa
me m
eani
ng g
iven
to it
in th
e S
PA
;
"Bus
ines
s D
ay"
has
the
sam
e mea
nin
g giv
en to
it in
the
SP
A;
"Bus
ines
s IT
Sys
tem
s " ha
s th
e s
am
e m
eani
ng
give
n to
it in
the
SP
A;
"Com
plet
ion
Dat
e "
has
the
sa
me
mea
nin
g gi
ven
to it
in th
e S
PA
;
"Con
fiden
tial
Info
rmat
ion
" ha
s th
e m
eani
ng s
et o
ut in
cla
use
18
.1;
"Dat
a M
igra
tion
" ha
s th
e sa
me m
eani
ng
give
n to
it in
the
SP
A;
"For
ce M
ajeu
re"
mea
ns,
w
ith
resp
ect
to
a
Par
ty,
an
eve
nt
bey
ond
the
co
ntro
l of
such
Pa
rty
(or
any
per
son
act
ing
on it
s b
eha
lf),
incl
udin
g
acts
of
G
od,
stor
ms,
flo
ods
, ri
ots,
fir
es,
eart
hqua
kes,
sab
ota
ge,
civi
l co
mm
otio
n or
civ
il u
nres
t, st
rikes
, lo
cko
uts,
in
terf
eren
ce
by
civi
l o
r m
ilita
ry
aut
hori
ties,
ri
ots,
in
surr
ectio
ns
or
othe
r h
ostil
ities
, e
mb
arg
o, f
uel
or e
ner
gy s
hort
age
, ac
ts o
f w
ar (
dec
lare
d or
und
ecla
red)
or
arm
ed h
ost
ilitie
s or
oth
er n
atio
nal
or
inte
rnat
ion
al c
ala
mity
or
one
or
mor
e a
cts
of t
erro
rism
or
failu
re o
f en
ergy
sou
rces
;
"Int
elle
ctua
l P
rope
rty
Rig
hts"
ha
s th
e sa
me m
eani
ng g
iven
to it
in th
e S
PA
;
"Law
"
mea
ns
any
na
tiona
l, pr
ovin
cia
l, re
gio
nal,
loca
l or
fore
ign
law
, st
atu
te
or
ordi
nanc
e,
or
any
ru
le,
reg
ula
tion,
st
and
ard
, ru
ling
or
guid
elin
e of
a
ny
Re
gula
tory
A
utho
rity;
"Pur
chas
er
Con
trac
t M
anag
er"
has
the
mea
ning
set
out
in c
laus
e 1
2.1
(a);
"Pur
chas
er's
IT
S
yste
ms"
has
the
sa
me
mea
nin
g gi
ven
to it
in th
e S
PA
;
"Rec
ords
" ha
s th
e s
am
e m
eani
ng
give
n to
it in
the
SP
A;
"Reg
ulat
ory
Aut
horit
y"
has
the
sa
me
mea
nin
g gi
ven
to it
in th
e S
PA
;
(T
he
ext
ract
of E
nglis
h d
ocu
me
nts
is fo
r re
fere
nce
on
ly)
RE
ST
RIC
TE
D
3
" Rep
rese
ntat
ives
"
mea
ns,
with
res
pec
t to
a p
erso
n,
the
dire
ctor
s, o
ffice
rs o
r e
mp
loye
es a
uth
oriz
ed b
y su
ch p
erso
n to
rep
rese
nt s
uch
per
son;
"R.O
.C."
ha
s th
e sa
me m
eani
ng g
iven
to it
in th
e S
PA
;
"Sch
edul
e A
men
dmen
t" m
ean
s a
Sch
edul
e A
men
dm
ent
subs
tant
ially
in
th
e fo
rm
atta
ched
her
eto
as E
xhib
it A
;
"Sel
ler
Con
trac
t M
anag
er"
has
the
mea
ning
set
out
in c
laus
e 1
2.1
(b);
"Sep
arat
ion "
ha
s th
e s
am
e m
eani
ng
give
n to
it in
the
SP
A;
"Sep
arat
ion
Pla
n "
has
the
sa
me
mea
nin
g gi
ven
to it
in t
he S
PA
;
"Sel
ler's
Gro
up"
has
the
sa
me
mea
nin
g gi
ven
to it
in t
he S
PA
;
"Ser
vice
s " ha
s th
e m
eani
ng s
et o
ut in
cla
use
2.2
;
"SP
A"
has
the
mea
ning
set
out
in
Bac
kgro
und
(A
);
"Sup
port
ing
Per
iod"
m
ean
s a p
erio
d fo
r n
o m
ore
tha
n s
ix (
6)
mon
ths
afte
r th
e co
mp
letio
n of
th
e D
ata
Mig
ratio
n f
or t
he
Pos
t M
igra
tion
Sup
por
ting
Ser
vice
s;
"Tax
es"
has
the
sa
me
mea
nin
g gi
ven
to it
in t
he S
PA
;
"Tax
Aut
horit
y"
has
the
sa
me
mea
nin
g gi
ven
to it
in t
he S
PA
;
"Tra
nsac
tion
Doc
umen
ts"
has
the
sa
me
mea
nin
g gi
ven
to it
in t
he S
PA
;
"Tra
nsiti
onal
Per
iod "
m
ean
s th
e p
erio
d fr
om t
he
Co
mp
letio
n D
ate
to
the
dat
e w
hen
th
e D
ata
M
igra
tion
is
com
ple
ted,
w
hich
p
erio
d m
ust
no
t ex
ceed
tw
elve
(12
) m
onth
s fr
om
th
e si
gnin
g da
te o
f th
e S
PA
or
nine
(9
) m
onth
s fr
om t
he
Co
mp
letio
n D
ate
, w
hich
eve
r is
la
ter;
prov
ided
tha
t th
e P
urch
ase
r m
ay
exte
nd t
he T
rans
ition
al
Per
iod
onc
e fo
r a
per
iod
up
to s
ix (
6) m
onth
s b
y se
ndin
g a
writ
ten
notic
e to
the
Se
ller
at
leas
t tw
o (2
) m
onth
s p
rior
to t
he e
xpira
tion
of t
he
orig
ina
l Tra
nsiti
onal
Per
iod;
32
(T
he
ext
ract
of E
nglis
h d
ocu
me
nts
is fo
r re
fere
nce
on
ly)
RE
ST
RIC
TE
D
4
" Viru
s"
mea
ns
any
mal
icio
us c
omp
uter
co
de o
r in
stru
ctio
ns t
hat
adv
erse
ly a
ffe
cts
the
oper
atio
n, s
ecur
ity o
r in
teg
rity
of:
(a)
a
com
put
ing
, te
leco
mm
unic
atio
ns
or
oth
er
elec
tron
ic
oper
atin
g or
pr
oce
ssin
g sy
stem
or
en
viro
nm
ent;
(b)
soft
war
e pr
ogra
ms,
da
ta,
data
bas
es
or
oth
er
com
pu
ter
files
or
libra
ries
; or
(c)
com
pu
ter
hard
war
e,
netw
ork
ing
devi
ces
or
tele
com
mun
ica
tions
eq
uip
men
t,
incl
udin
g v
irus
es,
Tro
jan
hors
es,
time
bo
mb
s, b
ack
door
de
vice
s, w
orm
s o
r a
ny o
ther
sof
twa
re r
outin
e or
har
dw
are
co
mp
onen
t de
sig
ned
to
per
mit
una
utho
rized
ac
cess
, di
sab
le,
eras
e o
r ot
her
wis
e ha
rm s
oftw
are
, ha
rdw
are
or
data
or
per
form
an
y ot
her
su
ch h
arm
ful
or
unau
tho
rize
d a
ctio
ns, a
nd s
imila
r m
alic
ious
co
de o
r da
ta.
1.2
In
thi
s S
ervi
ces
Ag
reem
ent,
cap
italiz
ed t
erm
s de
fined
in
th
e S
PA
but
not
de
fined
her
ein
sha
ll ha
ve th
e m
eani
ng g
ive
n th
e te
rm in
the
SP
A.
1.3
A
sta
tuto
ry p
rovi
sio
n in
clud
es a
ref
eren
ce t
o th
e st
atu
tory
pro
visi
on a
s m
odifi
ed o
r re
-ena
cted
or
bo
th fr
om t
ime
to t
ime
bef
ore
the
date
of
this
S
erv
ices
Agr
eem
ent
and
any
sub
ordi
nate
leg
isla
tion
mad
e u
nde
r th
e st
atut
ory
prov
isio
n (
as
so m
odifi
ed o
r re
-ena
cted
) b
efor
e th
e da
te o
f th
is S
ervi
ces
Ag
ree
me
nt;
1.4
A
"pe
rson
" in
clud
es a
ref
eren
ce t
o a
ny in
divi
dua
l, fir
m, c
om
pa
ny,
co
rpor
atio
n or
oth
er b
ody
corp
ora
te, g
ove
rnm
ent,
sta
te o
r a
gen
cy o
f a s
tate
or
any
join
t ve
ntu
re, a
ssoc
iatio
n o
r pa
rtne
rshi
p, w
orks
cou
ncil
or
emp
loye
e re
pres
enta
tive
bod
y (w
heth
er o
r no
t ha
vin
g se
para
te le
gal p
erso
nalit
y);
1.5
A
"P
arty
" in
clu
des
a re
fere
nce
to t
hat P
arty
's s
ucce
ssor
s a
nd p
erm
itted
as
sig
ns;
1.6
A
tim
e of
da
y is
a r
efer
ence
to t
he t
ime
in t
he R
.O.C
.;
1.7
T
he s
ing
ula
r in
clu
des
the
plu
ral a
nd
vice
ver
sa; a
nd
1.8
O
ne
gend
er in
clu
des
all
gend
ers.
2.
Sub
-Pro
ject
s an
d S
ervi
ces
2.1
T
he S
elle
r a
nd
the
Pu
rcha
ser
agr
ee t
hat
the
fo
ur (
4) s
ub-p
roje
cts
set
out
in
Sch
edul
e 1
are
req
uire
d to
co
mp
lete
the
Sep
ara
tion,
inc
lud
ing
but
with
out
limita
tion
, to
est
ab
lish
and
sep
ara
te t
he B
usin
ess
IT S
yste
ms
fro
m t
he
Sel
ler’
s
(T
he
ext
ract
of E
nglis
h d
ocu
me
nts
is fo
r re
fere
nce
on
ly)
RE
ST
RIC
TE
D
5
IT s
yste
ms,
to
pro
vide
the
Pu
rcha
ser
with
the
Tra
nsiti
ona
l S
ervi
ces,
to
ass
ist
the
Pur
chas
er t
o co
mp
lete
the
Da
ta M
igra
tion
to t
he P
urch
aser
’s I
T S
yste
ms,
an
d to
pro
vide
the
Pur
chas
er w
ith t
he
Pos
t M
igra
tion
Sup
por
ting
Ser
vice
s.
The
Sep
ara
tion
Pla
n re
fers
to
the
timet
ab
le a
nd s
teps
set
for
th u
nder
Sch
edu
le
2.
2.2
S
ub
ject
to
the
term
s a
nd
cond
ition
s of
thi
s S
ervi
ces
Agr
eem
ent:
(a)
for
Sub
-Pro
ject
1, t
he S
elle
r a
gree
s to
est
ablis
h th
e B
usin
ess
IT
Sys
tem
s, tr
ans
fer
the
requ
ired
Rec
ords
to t
he B
usin
ess
IT S
yste
ms
and
se
par
ate
the
Bus
ines
s IT
Sys
tem
s fr
om
the
Se
ller’
s IT
sys
tem
s (t
he
"Pre
para
tion
for
the
Tra
nsiti
onal
Ser
vice
s", o
r "P
repa
ratio
n S
ervi
ces")
pri
or to
the
Co
mp
letio
n D
ate
. T
he d
eta
ils o
f th
e P
repa
ratio
n
Se
rvic
es t
o b
e pr
ovid
ed
by
the
Sel
ler
and
the
ma
tter
s to
be
com
ple
ted
b
y th
e P
urc
hase
r fo
r S
ub-P
roje
ct 1
are
set
fort
h in
the
Item
2-(
1)
of
Sch
edul
e 2
.
(b)
for
Sub
-Pro
ject
2, t
he S
elle
r a
gree
s to
pro
vid
e th
e se
rvic
es fo
r as
sist
ing
the
Pur
chas
er to
tra
nsfe
r th
e re
qu
ired
Rec
ords
from
the
Bu
sine
ss IT
S
yste
ms
to th
e P
urch
aser
’s IT
Sys
tem
s (t
he "
Dat
a M
igra
tion
Ser
vice
s").
The
de
tails
of t
he D
ata
Mig
ratio
n S
ervi
ces
to b
e pr
ovi
ded
b
y th
e S
elle
r a
nd th
e m
atte
rs to
be
com
ple
ted
by
the
Pur
chas
er fo
r S
ub-
Pro
ject
2 a
re s
et f
orth
in It
em 2
-(2)
of
Sch
edul
e 2
.
(c)
for
Sub
-Pro
ject
3, s
ubje
ct to
the
Reg
ula
tor
App
rova
l set
for
th in
cla
use
7.1
, the
Sel
ler
agr
ees
to p
rovi
de
the
serv
ices
for
the
Pur
chas
er to
use
th
e R
ecor
ds in
the
Bus
ines
s IT
Sys
tem
s du
ring
the
Tra
nsiti
ona
l Per
iod
(t
he
"Tra
nsiti
onal
Ser
vice
s").
The
de
tails
of t
he
Tra
nsiti
ona
l Ser
vice
s to
be
pro
vide
d b
y th
e S
elle
r a
nd t
he m
atte
rs to
be
com
ple
ted
by
the
Pur
chas
er fo
r S
ub-P
roje
ct 3
are
se
t fo
rth
in It
em 2
-(3
) of
Sch
edu
le 2
.
(d)
for
Sub
-Pro
ject
4, t
he S
elle
r a
gree
s to
pro
vid
e th
e p
ost-
mig
ratio
n su
pp
ortin
g s
ervi
ces
to t
he P
urch
aser
(th
e "
Pos
t Mig
ratio
n S
uppo
rtin
g S
ervi
ces")
. T
he d
eta
ils o
f the
Pos
t Mig
ratio
n S
upp
ortin
g S
ervi
ces
to
be
pro
vide
d b
y th
e S
elle
r a
nd
the
ma
tter
s to
be
com
ple
ted
by
the
Pur
chas
er fo
r S
ub-P
roje
ct 4
are
se
t fo
rth
in It
em 2
-(4
) of
Sch
edu
le 2
.
Th
e P
repa
ratio
n S
ervi
ces,
the
Da
ta M
igra
tion
Ser
vice
s, t
he T
rans
itio
nal
Ser
vice
s a
nd th
e P
ost M
igra
tion
Sup
por
ting
Ser
vice
s ar
e h
erei
naft
er
colle
ctiv
ely
refe
rred
to
as t
he "Ser
vice
s".
2.3
N
otw
ithst
and
ing
an
yth
ing
in
this
S
ervi
ces
Agr
eem
ent
to
th
e co
ntr
ary
, in
clu
ding
th
e p
rovi
sio
n of
cla
use
2.2
, th
e S
elle
r sh
all
not
be
oblig
ed t
o pr
ovi
de
any
Ser
vice
s if
it w
ould
bre
ach
any
La
w o
r re
gula
tory
req
uire
men
ts;
prov
ided
th
at:
(a)
the
Pa
rtie
s sh
all,
an
d sh
all
proc
ure
that
th
eir
resp
ectiv
e A
ffili
ates
sha
ll ob
tain
(or
ca
use
to b
e ob
tain
ed)
such
agr
eem
ents
, w
aiv
ers
and
lice
nses
ne
cess
ary
to p
rovi
de
such
Ser
vice
s; a
nd
33
(T
he
ext
ract
of E
nglis
h d
ocu
me
nts
is fo
r re
fere
nce
on
ly)
RE
ST
RIC
TE
D
6
(b)
if a
ny f
ees
or a
ny
othe
r p
aym
ent
s fo
r lic
ense
or
aut
hor
izat
ion
for
use
of
any
Inte
llect
ual
Pro
per
ty o
r an
y a
gree
men
t, w
aiv
er o
r co
nsen
t of
an
y A
ffili
ate
or a
ny
thir
d P
arty
are
req
uire
d o
r a
ny o
blig
atio
n is
req
uire
d to
b
e in
curr
ed,
the
Sel
ler
sha
ll b
e r
esp
onsi
ble
for
su
ch f
ees,
pa
ymen
ts o
r ob
liga
tions
(un
less
the
Pur
chas
er a
gree
s to
pay
suc
h f
ees
or m
ake
suc
h ot
her
pa
ymen
ts
or
incu
r su
ch
oblig
atio
ns)
to
obta
in
any
su
ch
agre
emen
ts, w
aiv
ers
and
lice
nses
.
3.
No
Tra
nsfe
r of
Tec
hnol
ogy
or T
echn
ical
Kno
w-h
ow a
nd C
hang
e of
Use
r's
Req
uire
men
ts
3.1
T
he p
rovi
sion
of
the
Ser
vice
s do
es n
ot r
eq
uire
and
sha
ll in
no
case
invo
lve
an
y tr
ans
fer
of te
chno
logy
or
tech
nica
l kn
ow-h
ow.
3.2
In
the
eve
nt t
ha
t th
e P
urch
aser
fo
llow
ing
the
dat
e o
f th
is S
ervi
ces
Ag
ree
men
t re
qui
res
cha
nges
to
Sch
edul
e 2
an
d, a
s a
resu
lt, r
equ
ires
add
itio
nal
Ser
vice
s fr
om t
he S
elle
r, t
he P
artie
s sh
all i
n g
ood
fa
ith d
iscu
ss t
he
term
s a
nd c
ond
ition
s fo
r th
e pr
ovis
ion
of
an
y su
ch S
ervi
ces
with
a v
iew
to
agr
eein
g on
a S
ched
ule
Am
end
me
nt (
the
form
set
for
th in
Exh
ibit
A),
wh
ich
sh
all n
ot b
e u
nrea
son
ably
w
ithh
eld
or d
ela
yed.
4.
Sub
cont
ract
ors
The
Sel
ler
ma
y su
bco
ntra
ct t
he w
hole
or
an
y p
ortio
n of
the
Ser
vice
s a
nd/o
r re
leva
nt r
igh
ts a
nd o
blig
atio
ns u
nder
thi
s S
erv
ices
Agr
eem
ent
to a
ny
oth
er p
erso
n;
prov
ided
tha
t (i)
suc
h o
ther
per
son
shal
l be
subj
ect t
o th
e ob
ligat
ions
of
the
Se
ller
and
conf
iden
tialit
y p
rovi
sion
s se
t o
ut
her
ein,
a
nd
the
Sel
ler
sha
ll re
ma
in
resp
ons
ible
for
th
e p
erfo
rma
nce
by
such
sub
cont
ract
or o
f a
ll of
its
ob
liga
tions
he
reun
der
with
res
pe
ct t
o th
e S
ervi
ces
pro
vide
d b
y su
ch s
ubco
ntra
ctor
, (i
i) th
e S
elle
r sh
all
proc
ure
the
p
erfo
rma
nce
o
f a
ny
such
su
bcon
trac
ted
Ser
vice
s in
ac
cord
anc
e w
ith t
he t
erm
s a
nd
cond
ition
s of
thi
s S
ervi
ces
Agr
eem
ent
as
if th
e S
elle
r is
per
form
ing
this
Se
rvic
e A
gre
em
ent
by
itsel
f, a
nd (
iii)
the
Sel
ler
sha
ll b
e lia
ble
for
all
per
form
ance
of t
he
sub
cont
ract
or.
5.
Per
sonn
el
The
S
elle
r sh
all,
sub
ject
to
th
e La
w,
ma
ke
ava
ilab
le
to
the
Pur
chas
er
such
p
erso
nnel
as
ma
y b
e n
eces
sary
to
pro
vide
the
Ser
vice
s;
prov
ided
tha
t (i)
the
S
elle
r sh
all
have
the
rig
ht t
o de
sign
ate
whi
ch c
omp
eten
t p
erso
nnel
it
will
arr
ang
e to
pro
vid
e su
ch S
ervi
ces
and
rem
ove
an
d re
pla
ce s
uch
per
son
nel a
t a
ny t
ime
, or
(ii)
th
e P
urch
aser
ca
n re
que
st t
he S
elle
r to
rep
lace
suc
h p
erso
nne
l up
on t
he
Se
ller's
co
nsen
t.
6.
Mut
ual W
arra
ntie
s an
d O
blig
atio
ns
6.1
M
utu
al W
arra
ntie
s:
Ea
ch P
arty
her
eby
wa
rra
nts
to t
he o
ther
Par
ty t
hat
as o
f th
e da
te o
f th
is
Se
rvic
es A
gree
men
t:
(T
he
ext
ract
of E
nglis
h d
ocu
me
nts
is fo
r re
fere
nce
on
ly)
RE
ST
RIC
TE
D
7
(a)
it is
dul
y or
gani
zed
and
va
lidly
exi
stin
g u
nder
the
law
s of
R.O
.C.;
(b)
sub
ject
to
th
e a
ppro
vals
fro
m t
he R
egul
ato
ry A
uth
ority
as
set
fort
h in
cl
aus
e 7
.1,
it ha
s th
e le
gal
rig
ht a
nd f
ull p
ower
and
aut
hor
ity t
o ex
ecu
te
and
deliv
er,
and
to
exer
cise
its
righ
ts a
nd p
erfo
rm it
s ob
liga
tions
und
er
this
S
ervi
ces
Ag
reem
ent
and
all
the
docu
men
ts
wh
ich
are
to
b
e ex
ecut
ed b
y it
as
envi
sage
d b
y th
is S
ervi
ces
Agr
eem
ent;
an
d
(c)
sub
ject
to
th
e a
ppro
vals
fro
m t
he R
egul
ato
ry A
uth
ority
as
set
fort
h in
cl
aus
e 7
.1,
noth
ing
con
tain
ed i
n th
is S
ervi
ces
Agr
eem
ent
will
res
ult
in
a br
each
of
any
pro
visi
on o
f its
con
stitu
tiona
l doc
umen
ts o
r re
sult
in a
br
each
of
any
ord
er,
jud
gm
ent
or
dec
ree
of a
ny
Reg
ula
tory
Au
thor
ity
to w
hic
h it
is b
ound
.
6.2
M
utu
al O
blig
atio
ns
With
out
limiti
ng a
ny
ob
liga
tions
of
the
Pa
rtie
s u
nder
th
is S
ervi
ces
Agr
eem
ent,
each
Par
ty s
hall:
(a)
coop
era
te in
co
nnec
tion
to
the
prov
isio
n o
f th
e S
ervi
ces
an
d p
rovi
de
on
a tim
ely
bas
is s
uch
info
rma
tion
as
is r
easo
nab
ly r
equ
ired;
(b)
par
ticip
ate
in d
iscu
ssio
ns in
co
nnec
tion
to t
he p
rovi
sion
of
the
Ser
vice
s to
th
e ex
tent
re
ason
ably
re
qui
red
by
the
othe
r P
arty
in
or
der
to
fa
cilit
ate
deci
sion
-mak
ing
in r
elat
ion
to th
e S
ervi
ces;
(c)
not
ta
ke a
ny a
ctio
n th
at
wou
ld in
terf
ere
with
or
mat
eria
lly i
ncre
ase
the
cost
of
the
pro
visi
on o
f th
e S
ervi
ces,
un
less
oth
erw
ise
agr
eed
by
the
P
artie
s; a
nd
(d)
com
ply
with
an
y an
d a
ll La
ws
app
licab
le t
o th
e p
erf
orm
anc
e o
f th
eir
oblig
atio
ns u
nder
this
Ser
vice
s A
gre
emen
t.
7.
Reg
ulat
ory
Aut
horit
y A
ppro
vals
7.1
E
ach
Par
ty s
hall
coop
erat
e w
ith t
he
othe
r P
art
y in
ob
tain
ing
the
appr
ova
ls o
r no
ob
ject
ion
pos
ition
fr
om
the
Reg
ula
tory
A
uth
ority
ne
cess
ary
for
the
prov
isio
n o
f th
e T
rans
ition
al S
ervi
ces.
E
ach
Pa
rty
agr
ees
to c
oop
era
te w
ith th
e ot
her
Par
ty
in
goo
d
faith
fo
r fil
ing
the
app
lica
tion
w
ith
the
Reg
ulat
ory
A
uth
ority
for
th
e T
rans
ition
al
Ser
vice
s to
be
pro
vid
ed b
y th
e S
elle
r to
the
P
urch
aser
und
er t
his
Ser
vice
s A
gre
emen
t in
acc
ord
anc
e w
ith t
he
app
licab
le
Law
.
7.2
N
otw
ithst
and
ing
an
yth
ing
in c
laus
e 2
to
the
cont
rary
, if
the
Par
ties
fail
to
obta
in a
ppro
val
or n
o ob
ject
ion
pos
ition
set
for
th i
n cl
aus
e 7
.1 n
eces
sary
to
prov
ide
an
y of
the
Tra
nsiti
onal
Ser
vice
s, t
he
Pa
rtie
s sh
all
esta
blis
h al
tern
ativ
e
arra
ngem
ents
, su
ch a
s us
ing
a t
hird
par
ty,
for
the
prov
isio
n o
f th
e T
rans
ition
al
Se
rvic
es, a
t th
e ex
pen
ses
of t
he S
elle
r.
34
(T
he
ext
ract
of E
nglis
h d
ocu
me
nts
is fo
r re
fere
nce
on
ly)
RE
ST
RIC
TE
D
8
8.
Ele
ctro
nic
Sec
urity
8.1
E
ach
Par
ty s
hall
ma
inta
in,
or p
rocu
re t
he m
ain
tena
nce
of,
reas
ona
ble
se
curi
ty
mea
sure
s re
latin
g t
o V
iruse
s, a
nd t
ake
com
mer
cia
lly r
easo
nab
le m
easu
res
to
ensu
re t
hat,
in c
onn
ectio
n w
ith t
he
pro
visi
on o
f th
e S
ervi
ces,
no
Viru
s or
si
mila
r ite
ms
are
co
ded
or
in
tro
duce
d
into
ei
ther
its
ow
n
(incl
udi
ng
its
Aff
iliat
es)
or t
he o
ther
Pa
rty’
s (in
clud
ing
its A
ffili
ate
s) c
omp
ute
r n
etw
ork
s or
da
taba
ses.
Th
e S
elle
r sh
all
proc
ure
its
sub
cont
ract
or
(if
app
licab
le)
to
ma
inta
in,
or p
rocu
re t
he m
ain
tena
nce
of,
com
mer
cia
lly r
easo
nab
le s
ecur
ity
mea
sure
s re
latin
g t
o V
iruse
s, a
nd t
ake
com
mer
cia
lly r
easo
nab
le m
easu
res
to
ensu
re t
hat,
in c
onn
ectio
n w
ith t
he
pro
visi
on o
f th
e S
ervi
ces,
no
Viru
s or
si
mila
r ite
ms
are
co
ded
or
in
tro
duce
d
into
ei
ther
its
ow
n
(incl
udi
ng
its
Aff
iliat
es)
or t
he
Pur
chas
er's
(in
clu
ding
its
Affi
liate
s) c
omp
uter
net
wor
ks o
r da
taba
ses.
If,
in
con
nec
tion
with
the
pro
visi
on o
f a
ny S
erv
ices
, a
Viru
s is
fo
und
to h
ave
bee
n i
ntro
duce
d i
nto
suc
h co
mp
uter
net
wor
ks o
r da
tab
ases
, th
e
Par
ties
sha
ll us
e t
heir
reas
ona
ble
effo
rts
to c
oope
rate
and
to
dilig
ently
wor
k to
geth
er t
o el
imin
ate
the
effe
cts
of s
uch
Viru
s.
No
twith
sta
ndin
g th
e ab
ove,
an
y fa
cilit
y us
ed b
y th
e p
erso
nne
l or
per
mis
sib
le
user
s of
eac
h P
arty
or
an
y a
ctiv
ities
to
acc
ess
the
Bus
ines
s IT
Sys
tem
or
to
have
int
erfa
ce w
ith t
he P
urch
aser
’s I
T S
yste
ms,
sha
ll ab
ide
by
the
secu
rity
gu
idel
ines
agr
eed
by
the
Par
ties.
8.2
E
ach
Par
ty s
hall:
(a)
not
atte
mp
t to
ob
tain
acc
ess
to,
use
or i
nter
fere
with
an
y in
form
atio
n te
chno
log
y sy
stem
s or
dat
a u
sed
or
proc
esse
d b
y th
e o
ther
Par
ty e
xcep
t to
the
ext
ent
req
uire
d to
re
ceiv
e (i
n th
e ca
se o
f th
e P
urch
aser
) or
pr
ovid
e (i
n th
e ca
se o
f th
e S
elle
r) th
e re
leva
nt S
ervi
ces;
(b)
exer
cise
com
mer
cial
ly r
easo
nab
le c
are
to p
reve
nt u
naut
hori
zed
per
sons
fr
om a
cces
sin
g th
e B
usin
ess
IT S
yste
ms,
rel
eva
nt
faci
litie
s a
nd r
elat
ed
com
pu
ter,
tec
hno
logy
sys
tem
s a
nd n
etw
ork
s; a
nd
(c)
exer
cise
due
car
e to
pre
vent
da
ta le
aka
ge.
9.
No
Age
ncy
Exc
ept
to t
he
exte
nt a
s ap
pro
ved
by
the
Reg
ula
tory
Aut
horit
y fo
r S
ub-P
roje
ct 3
, no
thin
g in
thi
s S
ervi
ces
Agr
eem
ent
sha
ll b
e de
emed
in a
ny w
ay
or f
or a
ny p
urp
ose
to c
onst
itute
an
y P
art
y ac
ting
as
an
age
nt
of a
noth
er u
naff
ilia
ted
Par
ty i
n t
he
cond
uct
of s
uch
oth
er P
arty
’s b
usin
ess.
10. O
wne
rshi
p of
Inte
llect
ual P
rope
rty
Rig
hts
10.1
E
xcep
t as
ot
herw
ise
expr
essl
y p
rovi
ded
in
this
S
ervi
ces
Agr
eem
ent
an
d w
itho
ut p
reju
dice
to
any
pro
visi
on o
f th
e S
PA
:
(T
he
ext
ract
of E
nglis
h d
ocu
me
nts
is fo
r re
fere
nce
on
ly)
RE
ST
RIC
TE
D
9
(a)
the
Sel
ler,
the
Pur
chas
er a
nd
thei
r re
spe
ctiv
e A
ffilia
tes
sha
ll re
tain
all
right
s, t
itle
and
int
eres
t in
and
to
thei
r re
spec
tive
In
telle
ctua
l P
rop
erty
R
ight
s a
nd a
ny
and
all
imp
rove
men
ts,
mo
dific
atio
ns a
nd
der
iva
tive
w
ork
s.
No
lice
nse
or r
ight
, ex
pre
ss o
r im
plie
d, i
s gr
ante
d u
nde
r th
is
Se
rvic
es A
gree
men
t b
y th
e S
elle
r, t
he
Pur
chas
er o
r th
eir
resp
ectiv
e
Aff
iliat
es i
n or
to
the
ir r
esp
ectiv
e I
nte
llect
ual
Pro
per
ty R
ight
s, e
xcep
t th
at,
sole
ly t
o th
e ex
tent
req
uire
d fo
r th
e pr
ovi
sion
of
the
Ser
vice
s in
ac
cord
anc
e w
ith t
his
Se
rvic
es A
gree
men
t, th
e S
elle
r (f
or
itsel
f a
nd o
n b
eha
lf o
f its
A
ffili
ate
s)
here
by
gra
nts
to
the
Pur
chas
er
(and
its
re
spec
tive
Aff
iliat
es)
a n
on-e
xclu
sive
, re
voca
ble
lic
ense
du
ring
th
e te
rm o
f th
is S
ervi
ces
Agr
eem
ent
to s
uch
Inte
llect
ual P
rop
erty
Rig
hts
in
conn
ectio
n w
ith t
his
Ser
vice
s A
gre
emen
t, b
ut o
nly
to
the
ext
ent
an
d fo
r th
e du
ratio
n n
eces
sary
as
per
mitt
ed b
y th
is S
ervi
ces
Ag
reem
ent.
Up
on
the
exp
iratio
n of
suc
h tim
e, o
r th
e ea
rlie
r te
rmin
atio
n in
acc
orda
nce
with
cla
use
16
, th
e lic
ense
to
the
rele
van
t In
telle
ctua
l P
rop
erty
Rig
hts
will
co
ncu
rren
tly
term
ina
te; p
rovi
ded
that
al
l lic
ense
s gr
ante
d he
reun
der
shal
l te
rmin
ate
im
med
iate
ly u
po
n th
e ex
pira
tion
or
earl
ier
term
ina
tion
of
this
Ser
vice
s A
gree
men
t in
acc
ord
anc
e w
ith t
he t
erm
s he
reof
. T
he f
oreg
oing
lic
ense
is
sub
ject
to
any
licen
ses
gra
nted
by
othe
rs w
ith r
esp
ect
to
Int
elle
ctua
l P
rop
erty
Rig
hts
not
owne
d b
y th
e
Se
ller
or
its A
ffilia
tes,
pro
vide
d t
hat
the
Sel
ler
shal
l or
sha
ll p
rocu
re it
s A
ffili
ates
to o
bta
in s
uch
lice
nse
in a
ccor
danc
e w
ith c
laus
e 2
;
(b)
sub
ject
to
the
lim
ited
lice
nse
gra
nted
in c
laus
e 10
.1(a
), in
the
eve
nt t
hat
an
y In
telle
ctu
al
Pro
per
ty R
ight
s is
cre
ated
so
lely
by
a P
arty
in
the
p
erfo
rma
nce
of
its o
blig
atio
ns o
r co
mp
letio
n of
th
e m
att
ers
req
uire
d un
der
thi
s S
ervi
ces
Agr
eem
ent,
all
righ
t, tit
le a
nd i
nte
rest
thr
oug
hou
t th
e w
orld
in
and
to
all
such
Int
elle
ctua
l P
rop
erty
Rig
hts
sha
ll ve
st
sole
ly
in
the
Par
ty’s
un
cond
ition
ally
a
nd
imm
edia
tely
up
on
such
In
telle
ctu
al
Pro
per
ty
Rig
hts
h
avin
g
bee
n de
velo
ped
, w
ritte
n or
pr
oduc
ed,
unle
ss t
he P
artie
s a
gree
oth
erw
ise
in w
ritin
g; a
nd
(c)
no P
arty
(or
its
Affi
liate
s) s
hall
have
an
y ri
ghts
or
licen
ses
with
res
pec
t to
an
y In
telle
ctua
l P
rop
erty
Rig
hts
or f
acili
ty o
f a
ny o
ther
Pa
rty.
A
ll rig
hts
and
licen
ses
not
exp
ress
ly g
ran
ted
in t
his
Ser
vice
s A
gre
emen
t ar
e e
xpre
ssly
res
erve
d b
y th
e r
ele
vant
Pa
rty.
E
ach
Par
ty s
hal
l fr
om
tim
e to
tim
e ex
ecut
e a
ny
docu
men
t a
nd
take
an
y o
ther
a
ctio
n re
ason
ably
req
uest
ed
by
any
othe
r P
arty
to
eff
ectu
ate
th
e in
tent
of
this
cl
aus
e 10
.
10.2
E
ach
Par
ty’s
Affi
liate
s sh
all
have
th
e b
enef
it of
, a
nd s
hall
be
entit
led
to
enfo
rce
the
prov
isio
n of
, thi
s cl
aus
e 10
.
11. D
ives
titur
es
If a
n In
telle
ctua
l Pro
per
ty R
ight
lice
nse
d b
y th
e S
elle
r or
its
Aff
iliat
es h
ereu
nde
r is
so
ld o
r di
vest
ed,
the
Se
ller
sha
ll m
an
age
to p
rovi
de f
or t
he
con
tinui
ty o
f su
ch
Inte
llect
ua
l P
rop
erty
Rig
ht o
n t
he
sam
e te
rms
and
co
nditi
ons
as a
re i
n ef
fect
35
(T
he
ext
ract
of E
nglis
h d
ocu
me
nts
is fo
r re
fere
nce
on
ly)
RE
ST
RIC
TE
D
10
imm
edia
tely
pri
or t
o su
ch s
ale
or
dive
stitu
re,
and
in a
ma
nner
wh
ich
do
es n
ot
caus
e a
deg
rada
tion
in t
he s
tan
dard
s se
t fo
rth
her
ein
and
with
out
req
uiri
ng a
m
ate
ria
l ch
ang
e to
the
Pur
chas
er’s
bus
ines
s pr
oces
ses
or o
per
atio
ns.
If
such
m
easu
res
are
not
reas
onab
ly
acce
pta
ble
to
th
e P
urch
aser
, th
e P
art
ies
shal
l co
oper
ate
re
ason
ably
an
d in
go
od
faith
to
a
ttem
pt
to
find
a
n a
ltern
ativ
e
arra
ngem
ent
rea
son
ably
acc
epta
ble
to
the
Pur
chas
er t
hat
m
eets
th
e fo
rego
ing
sta
nda
rds.
12. P
rimar
y P
oint
s of
Con
tact
for
this
Ser
vice
s A
gree
men
t.
12.1
E
ach
of
the
Se
ller
and
the
Pur
chas
er s
hall
app
oint
an
ind
ivid
ual
to a
ct a
s th
e pr
ima
ry p
oin
t of
op
era
tiona
l co
nta
ct f
or t
he
adm
inis
tra
tion
and
op
erat
ion
of
this
Ser
vice
s A
gree
men
t, a
s fo
llow
s:
(a)
The
ind
ivid
ual
app
oint
ed b
y th
e P
urch
aser
as
the
pri
mar
y p
oin
t of
op
era
tiona
l co
nta
ct
pur
sua
nt
to
this
cl
aus
e 12
.1(a
) as
se
t fo
rth
in
Sch
edul
e 4
(th
e "Pur
chas
er C
ontr
act
Man
ager
") s
hall
have
ove
rall
oper
atio
nal r
esp
ons
ibili
ty f
or c
oor
din
atin
g, o
n b
eha
lf of
the
Pur
chas
er,
all
activ
ities
u
nder
take
n b
y th
e P
urch
aser
a
nd
its
Affi
liate
s a
nd
Rep
rese
nta
tives
her
eund
er,
incl
udin
g co
ordi
natin
g th
e p
erfo
rma
nce
of
the
Pur
chas
er’s
ob
ligat
ions
her
eun
der
, a
ctin
g as
a d
ay-
to-d
ay
con
tact
w
ith t
he S
elle
r C
ontr
act
Man
age
r a
nd t
o th
e ex
tent
per
mis
sib
le u
nde
r th
e La
w,
ma
king
ava
ilab
le t
o th
e S
elle
r th
e da
ta,
faci
litie
s, r
esou
rces
an
d ot
her
sup
por
ts f
rom
the
Pur
chas
er r
equ
ired
for
the
Sel
ler
to b
e ab
le
to p
rovi
de
the
Ser
vice
s in
acc
orda
nce
with
the
req
uire
me
nts
of t
his
S
erv
ices
A
gre
em
ent.
T
he
Pur
chas
er
ma
y ch
ang
e th
e P
urc
hase
r C
ontr
act
Ma
nage
r fr
om
tim
e to
tim
e u
pon
wri
tten
not
ice
to t
he
Sel
ler
pur
sua
nt t
o cl
aus
e 23
. T
he P
urch
aser
sha
ll us
e be
st e
ffor
ts t
o p
rovi
de
at le
ast
fifte
en (
15)
da
ys p
rior
writ
ten
notic
e of
any
su
ch c
hang
e.
(b)
The
in
div
idu
al
ap
poi
nted
b
y th
e S
elle
r a
s th
e
pri
ma
ry
poi
nt
of
oper
atio
nal
cont
act
pur
sua
nt
to
this
cl
aus
e
12
.1(b
) as
se
t fo
rth
in
Sch
edul
e 4
(t
he
"Sel
ler
Con
trac
t M
anag
er")
sh
all
have
o
vera
ll op
era
tiona
l re
spo
nsib
ility
for
co
ordi
natin
g,
on
beha
lf of
the
Sel
ler,
all
activ
ities
und
erta
ken
by
the
Sel
ler,
its
Affi
liate
s a
nd
Rep
rese
nta
tives
he
reun
der,
in
clud
ing
coor
dina
ting
th
e p
erfo
rma
nce
of
the
Sel
ler’s
ob
liga
tions
h
ereu
nder
an
d ac
ting
as
a da
y-to
-da
y co
nta
ct
with
the
P
urch
aser
Con
trac
t M
ana
ger
and
to
the
exte
nt
per
mis
sib
le u
nde
r th
e La
w,
ma
king
ava
ilab
le t
o t
he
Pur
chas
er t
he d
ata,
fa
cilit
ies,
res
our
ces
and
othe
r su
ppor
t se
rvic
es f
rom
the
Sel
ler
in a
ccor
danc
e w
ith t
he
req
uire
men
ts o
f th
is S
ervi
ces
Agr
eem
ent.
T
he
Sel
ler
ma
y ch
ang
e th
e
Se
ller
Con
trac
t M
ana
ger
from
tim
e to
tim
e up
on
wri
tten
not
ice
to t
he
Pur
chas
er p
ursu
an
t to
cla
use
23.
Th
e S
elle
r sh
all
use
bes
t ef
fort
s to
pr
ovid
e a
t le
ast
fift
een
(15
) da
ys p
rior
wri
tten
not
ice
of a
ny s
uch
ch
ang
e.
12.2
T
he P
artie
s sh
all
ensu
re t
hat
the
Sel
ler
Con
tra
ct M
ana
ger
and
the
Pur
chas
er
Con
tra
ct M
ana
ger
sha
ll m
eet
in
per
son
or
tele
ph
onic
ally
as
freq
uen
tly a
s
(T
he
ext
ract
of E
nglis
h d
ocu
me
nts
is fo
r re
fere
nce
on
ly)
RE
ST
RIC
TE
D
11
nece
ssa
ry
or
ad
visa
ble
fo
r th
e p
erfo
rma
nce
of
the
Pa
rtie
s’
oblig
atio
ns
here
unde
r.
13. S
ervi
ce C
harg
es a
nd C
ost o
f Ser
vice
13.1
E
xcep
t ot
her
wis
e a
gree
d b
y th
e P
art
ies,
the
pric
es a
nd
cost
s es
timat
ed fo
r th
e S
erv
ices
to
be
prov
ide
d b
y th
e S
elle
r or
the
sub
cont
ract
or e
nga
ged
by
the
S
elle
r a
re s
et o
ut in
Sch
edu
le 3
. S
ubje
ct t
o C
laus
e 8
.7 o
f th
e S
PA
, the
Sel
ler
agre
es to
bea
r al
l th
e e
xpen
ses,
fees
, pric
es a
nd
cost
s fo
r th
e P
repa
ratio
n S
erv
ices
and
the
Tra
nsiti
onal
Ser
vice
s se
t ou
t in
Sch
edul
e 3
. T
he P
urch
aser
ag
rees
to p
ay
the
pric
es a
nd c
osts
of t
he D
ata
Mig
ratio
n S
ervi
ces
and
the
Pos
t M
igra
tion
Sup
por
ting
Se
rvic
es (
set o
ut in
Sch
edul
e 3
) pr
ovi
ded
by
the
sub
cont
ract
ors
eng
age
d b
y th
e S
elle
r fo
r D
MS
IT d
evel
opm
ent.
For
the
av
oid
anc
e o
f an
y d
oub
t, e
ach
Par
ty s
hall
pa
y its
ow
n co
sts
in r
elat
ion
to th
e p
erfo
rma
nce
of
its o
blig
atio
ns a
nd
the
com
ple
tion
of i
ts ta
sks
und
er S
ched
ule
2 a
nd
this
Ser
vice
s A
gre
emen
t.
13.2
F
or
the
pric
es
and
cos
ts o
f th
e D
ata
Mig
ratio
n S
ervi
ces
and
the
Pos
t M
igra
tion
Su
pp
ortin
g S
erv
ices
pro
vid
ed b
y th
e s
ubco
ntr
acto
r(s)
eng
aged
and
pa
id b
y th
e
Se
ller
for
DM
S I
T d
eve
lop
men
t, t
he
Sel
ler
will
in
voic
e th
e P
urch
aser
on
a
qua
rter
ly b
asis
. T
he
Pur
chas
er s
hall
pay
such
invo
ice
alon
g w
ith t
he b
usin
ess
Ta
x of
cla
use
14
.2 o
n a
qua
rter
ly b
asis
with
in th
irty
(30
) da
ys o
f re
ceip
t.
14. T
ax
14.1
If
an
d to
the
ext
ent
tha
t a
bus
ine
ss T
ax
und
er t
he R
.O.C
. La
w i
s or
sha
ll b
e ap
plic
able
in
co
nnec
tion
with
any
pa
ymen
t a
ctua
lly m
ad
e b
y th
e P
urc
hase
r un
der
thi
s S
ervi
ces
Agr
eem
ent,
the
Par
ties
shal
l co
oper
ate
in
goo
d fa
ith t
o se
greg
ate
am
oun
ts p
aya
ble
und
er t
his
Ser
vice
s A
gre
emen
t in
to (
a) t
axa
ble
S
erv
ices
and
(b
) n
on-t
axa
ble
Ser
vice
s.
14.2
If
a b
usin
ess
Ta
x un
der
the
R.O
.C.
Law
is
cha
rgea
ble
in
res
pec
t of
an
y pa
yme
nt a
ctua
lly m
ade
by
the
Pur
chas
er u
nder
thi
s S
ervi
ces
Ag
reem
ent,
the
S
elle
r sh
all
deliv
er a
va
lid v
alu
e ad
ded
Tax
invo
ice
or
invo
ice
s (a
s ap
prop
riate
) to
th
e P
urch
aser
and
, fo
llow
ing
rec
eip
t o
f a
va
lid i
nvoi
ce a
gree
d b
y th
e P
urch
aser
, th
e P
urch
aser
sh
all
pay
the
Sel
ler
the
am
ount
of
such
Ta
x on
the
da
te s
pec
ified
on
suc
h in
voic
e.
14.3
If
and
to
the
exte
nt t
hat
a s
tam
p d
uty
und
er t
he R
.O.C
. La
w i
s or
sha
ll b
e ap
plic
able
for
the
exe
cutio
n o
f th
is A
gree
men
t, ea
ch P
art
y sh
all
be
res
pon
sib
le
for
such
sta
mp
dut
y o
n its
pa
rt r
esp
ectiv
ely.
14.4
W
ithin
thi
rty
(30
) d
ays
of
rece
ivin
g n
otifi
catio
n o
f th
e co
mm
ence
men
t o
f a
ny
bus
ines
s T
ax
und
er t
he R
.O.C
. La
w a
udit
by
an
R.O
.C.
Ta
x A
uth
ority
whi
ch
invo
lves
any
pro
visi
on o
f th
e S
ervi
ces,
th
e P
art
y re
ceiv
ing
such
not
ice
sha
ll no
tify
the
othe
r af
fect
ed P
arty
of
such
aud
it.
The
rea
fter,
the
Par
ty r
ecei
ving
su
ch
not
ice
shal
l co
ntro
l al
l p
roce
edin
gs
take
n
in
con
nect
ion
with
su
ch
bus
ines
s T
ax
audi
t an
d sh
all
take
rea
sona
ble
ste
ps
to k
eep
th
e ot
her
aff
ecte
d P
arty
inf
orm
ed o
f th
e p
rogr
ess
of a
ny s
uch
au
dit;
prov
ided
tha
t w
here
an
y
36
(T
he
ext
ract
of E
nglis
h d
ocu
me
nts
is fo
r re
fere
nce
on
ly)
RE
ST
RIC
TE
D
12
othe
r af
fect
ed P
art
y is
lia
ble
for
th
e p
aym
ent
of
such
Ta
x p
ursu
ant
to t
his
cl
aus
e 14
.2,
the
con
trol
ling
Par
ty s
hall
not
sett
le o
r ot
her
wis
e co
mp
rom
ise
such
aud
it w
itho
ut t
he
cons
ent
of a
ny o
ther
aff
ecte
d P
arty
(w
hich
co
nse
nt s
hall
not
be
unre
aso
nab
ly w
ithh
eld
or d
ela
yed)
. T
he a
ffec
ted
oth
er P
arty
sha
ll ha
ve
the
righ
t (b
ut n
ot
the
dut
y) t
o p
art
icip
ate
in a
ny
pro
cee
ding
to
con
test
suc
h T
ax
liab
ility
, a
nd s
hall
have
the
rig
ht t
o re
tain
Tax
adv
iser
s or
cou
nsel
at
its o
wn
exp
ense
.
15. L
imita
tion
on L
iabi
lity
15.1
E
xcep
t as
oth
erw
ise
spec
ifica
lly s
et f
orth
in t
his
Ser
vice
s A
gre
emen
t, no
Pa
rty
prov
ides
an
y w
arr
ant
y o
r re
pre
sent
atio
n, e
xpre
ss o
r im
plie
d, w
ith r
esp
ect
to
the
Ser
vice
s a
nd a
ny o
the
r m
att
ers
set f
orth
in th
is S
ervi
ces
Agr
eem
ent.
15.2
W
ithou
t pr
ejud
ice
to c
lau
se 1
7,
the
ag
greg
ate
liab
ility
of
each
Par
ty f
or lo
sses
re
sulti
ng f
rom
a b
rea
ch u
nder
thi
s S
ervi
ces
Agr
eem
ent,
in
clu
ding
fro
m t
he
Se
ller's
fa
ilure
to
su
pp
ly
a
Ser
vice
in
a
ccor
dan
ce
with
th
e te
rms
of t
his
S
erv
ices
Ag
ree
men
t, sh
all
not
exce
ed t
he a
ggr
ega
te a
mo
unt
of
the
pric
es a
nd
cost
s of
the
Se
rvic
es s
et o
ut in
Sch
edu
le 3
.
16. T
erm
s an
d T
erm
inat
ion
16.1
S
ub
ject
to
ea
rlier
te
rmin
atio
n in
ac
cord
anc
e w
ith
cla
use
16.2
to
1
6.3
or
ex
tens
ion
by
the
Pur
chas
er i
n a
ccor
danc
e w
ith c
laus
e 16
.5,
this
Ser
vice
s A
gre
em
ent
sha
ll ex
pir
e at
the
end
of t
he
Su
ppor
ting
Per
iod.
16.2
D
uri
ng t
he t
erm
of
this
Ser
vice
s A
gre
em
ent,
the
Sel
ler
ma
y te
rmin
ate
its
own
ob
liga
tions
und
er th
is S
ervi
ces
Agr
eem
ent:
(a)
if th
e S
PA
is t
erm
ina
ted
; or
(b)
if th
e P
urch
aser
co
mm
ence
s a
vo
lunt
ary
ca
se
or
oth
er p
roce
edin
g se
ekin
g liq
uid
atio
n, r
eorg
ani
zatio
n or
oth
er r
elie
f w
ith r
esp
ect
to i
tsel
f or
its
deb
ts u
nde
r a
ny
ba
nkru
ptc
y, in
solv
ency
or
oth
er s
imila
r La
w n
ow
or
her
eafte
r in
eff
ect
or s
eeki
ng t
he
app
oint
men
t of
a t
rust
ee,
rece
iver
, ad
min
istr
ato
r, li
qui
da
tor,
cus
tod
ian
or
oth
er s
imila
r of
ficia
l of
it o
r a
ny
sub
sta
ntia
l par
t of
its
pro
pe
rty,
or
sha
ll co
nsen
t to
any
suc
h re
lief
or t
o th
e a
ppo
intm
ent
of
or t
akin
g p
osse
ssio
n b
y a
ny s
uch
offic
ial
in a
n in
volu
nta
ry c
ase
or
othe
r p
roce
edi
ng c
omm
ence
d a
gain
st i
t, o
r sh
all
ma
ke a
gen
era
l ass
ignm
ent f
or
the
be
nefit
of
cred
itors
, or
sha
ll ta
ke a
ny
corp
ora
te a
ctio
n to
aut
hor
ize
any
of
the
fore
goin
g.
16.3
T
he P
urch
aser
ma
y te
rmin
ate
th
e S
elle
r’s p
rovi
sio
n o
f th
e S
ervi
ces
in w
hol
e or
in
par
t: (
i) up
on t
he
term
ina
tion
of t
he S
PA
; or
(ii)
up
on p
rovi
din
g a
t le
ast
si
xty
(60)
da
ys’ p
rior
writ
ten
notic
e to
the
Sel
ler
(unl
ess
a lo
nge
r n
otic
e p
erio
d is
sp
ecifi
ed in
this
Ser
vice
s A
gree
men
t).
16.4
If
a P
arty
is
in m
ate
rial
bre
ach
of t
he t
erm
s of
thi
s S
ervi
ces
Agr
eem
ent
(the
"D
efau
lting
Par
ty")
an
d th
e D
efa
ultin
g P
art
y fa
ils t
o cu
re s
uch
brea
ch w
ithin
(T
he
ext
ract
of E
nglis
h d
ocu
me
nts
is fo
r re
fere
nce
on
ly)
RE
ST
RIC
TE
D
13
thir
ty (
30)
days
of
the
othe
r P
arty
del
iver
ing
a n
otic
e o
f su
ch b
reac
h t
o th
e
De
fau
lting
Par
ty,
the
Par
ties
sha
ll us
e th
eir
reas
ona
ble
en
dea
vor
to d
iscu
ss a
nd
nego
tiate
in
go
od
faith
w
ith
each
ot
her
to
d
eter
min
e if
and
w
hen
th
e D
efa
ulti
ng P
arty
’s m
ate
rial b
rea
ch c
an
be
cure
d.
If th
e P
artie
s ca
nno
t re
solv
e
this
with
in f
orty
fiv
e (4
5) d
ays
ther
eaft
er,
the
Par
ties
sha
ll su
bm
it th
e is
sue
to
the
Mig
ratio
n C
omm
ittee
for
res
olut
ion
.
16.5
T
he P
urch
aser
ma
y ex
tend
the
Tra
nsiti
onal
Per
iod
once
for
up
to
six
(6)
m
onth
s b
y se
ndin
g a
writ
ten
notic
e to
the
Se
ller
at
lea
st t
wo
(2)
mo
nths
pri
or
to th
e ex
pira
tion
of t
he o
rigin
al T
rans
ition
al P
erio
d.
17. F
orce
Maj
eure
17.1
N
o P
art
y (o
r a
ny
per
son
act
ing
on
its
beh
alf)
sha
ll h
ave
an
y lia
bili
ty o
r re
spo
nsib
ility
fo
r an
y in
terr
uptio
n,
del
ay
or
othe
r fa
ilure
to
fu
lfill
an
y ob
liga
tion
(oth
er t
han
a p
aym
ent
ob
liga
tion)
un
der
this
Ser
vice
s A
gre
emen
t so
lo
ng
as
and
to
th
e ex
tent
to
w
hic
h
the
fulfi
llmen
t of
su
ch
oblig
atio
n
is
pre
vent
ed,
frus
tra
ted,
hin
dere
d o
r de
laye
d a
s a
cons
eque
nce
of
circ
um
sta
nces
of
a F
orc
e M
aje
ure;
prov
ided
tha
t su
ch P
arty
(or
suc
h p
erso
n) s
hall
have
ex
erci
sed
rea
sona
ble
eff
orts
to
min
imiz
e th
e ef
fect
of
a F
orc
e M
aje
ure
on i
ts
oblig
atio
ns.
17.2
In
th
e e
vent
o
f a
n oc
curr
ence
of
a
For
ce
Ma
jeur
e,
the
Par
ty
wh
ose
p
erfo
rma
nce
is
affe
cte
d th
ereb
y sh
all
give
not
ice
(o
rally
or
in w
ritin
g)
of
susp
ensi
on a
s so
on a
s re
aso
nabl
y p
ract
icab
le t
o th
e o
ther
Pa
rty
stat
ing
the
dat
e an
d ex
ten
t of
suc
h su
spen
sio
n a
nd t
he c
aus
e th
ereo
f, a
nd
such
Par
ty s
hal
l re
sum
e th
e p
erfo
rman
ce o
f su
ch o
blig
atio
ns a
s so
on
as r
easo
nab
ly p
ract
icab
le
upon
the
ces
satio
n o
f suc
h F
orce
Maj
eure
an
d its
eff
ects
.
17.3
D
uri
ng t
he
per
iod
of
a F
orce
Ma
jeur
e, t
he
Pu
rcha
ser
sha
ll b
e en
title
d t
o se
ek
an a
ltern
ativ
e se
rvic
e p
rovi
der
at
its o
wn
cos
t w
ith r
esp
ect
to t
he S
ervi
ces
affe
cte
d.
If a
Fo
rce
Ma
jeur
e sh
all c
ont
inu
e to
exi
st f
or m
ore
than
on
e hu
nd
red
and
eigh
ty (
18
0) c
ons
ecu
tive
da
ys,
eith
er t
he S
elle
r or
th
e P
urc
hase
r sh
all
be
entit
led
to p
erm
ane
ntly
term
ina
te th
e S
ervi
ces
affe
cted
.
18. C
onfid
entia
l Inf
orm
atio
n
18.1
S
ub
ject
to
cla
use
18.2
of
this
Ser
vice
s A
gree
men
t, t
he S
elle
r un
der
take
s to
the
P
urch
aser
, a
nd t
he
Pur
chas
er u
nder
take
to
the
Se
ller,
the
Sel
ler
act
ing
for
itsel
f an
d as
ag
ent
and
trus
tee
for
each
oth
er m
emb
ers
of t
he S
elle
r's G
roup
, th
at
it sh
all
trea
t as
con
fiden
tial
all
info
rmat
ion
rec
eiv
ed
or o
bta
ined
as
a r
esul
t of
en
teri
ng in
to o
r p
erfo
rmin
g th
is S
ervi
ces
Agr
eem
ent
wh
ich
rela
tes
to:
(a)
the
othe
r P
art
y in
clud
ing,
whe
re t
hat
oth
er P
arty
is
the
Sel
ler,
ea
ch
me
mb
er
of
the
Sel
ler's
G
roup
a
nd
whe
re
tha
t o
ther
P
art
y is
th
e
Pur
chas
er, t
he P
urch
aser
; or
37
(T
he
ext
ract
of E
nglis
h d
ocu
me
nts
is fo
r re
fere
nce
on
ly)
RE
ST
RIC
TE
D
14
(b)
the
pro
visi
ons
or t
he s
ubje
ct m
atte
r o
f th
is S
ervi
ces
Ag
ree
men
t o
r a
ny
docu
men
t re
ferr
ed
to
here
in
and
a
ny
cla
im
or
po
tent
ial
cla
im
ther
eun
der;
(c)
in t
he c
ase
of
the
Sel
ler,
any
in
form
atio
n re
latin
g to
the
Bus
ines
s A
sset
s fo
llow
ing
the
Com
ple
tion
; or
(d)
the
nego
tiatio
ns r
elat
ing
to t
his
Ser
vice
s A
gre
eme
nt o
r a
ny d
ocu
men
ts
refe
rred
to h
ere
in.
18.2
C
laus
e 1
8.1
doe
s n
ot a
ppl
y to
dis
clos
ure
of a
ny s
uch
info
rmat
ion
as
is r
efer
red
to in
cla
use
18.1
:
(a)
wh
ich
is r
equi
red
or
req
uest
ed t
o b
e d
iscl
ose
d b
y th
e La
w,
by
a ru
le o
f a
listin
g a
utho
rity
, co
urt
of l
aw
, o
r st
ock
exch
ang
e to
whi
ch a
ny
Pa
rty
is s
ubje
ct o
r su
bm
its o
r b
y a
Reg
ula
tory
Aut
hori
ty o
r o
ther
aut
horit
y w
ith r
ele
vant
pow
ers
to w
hich
an
y P
arty
is s
ubje
ct o
r su
bm
its,
whe
ther
or
no
t th
e re
qui
rem
ent
has
the
forc
e
of
law
; pr
ovid
ed
that
th
e di
sclo
sure
sh
all,
so f
ar a
s is
pra
ctic
able
and
to
the
exte
nt
per
mis
sibl
e un
der
R.O
.C.
law
, b
e m
ade
aft
er c
onsu
ltatio
n w
ith t
he o
ther
Pa
rty
and
af
ter
taki
ng in
to a
ccou
nt th
e ot
her
Pa
rty'
s re
aso
nab
le r
equi
rem
ents
as
to
its ti
min
g, c
ont
ent
and
ma
nner
of
ma
king
or
disp
atch
;
(b)
to
an
advi
ser
for
the
pur
pos
e of
a
dvis
ing
in
co
nnec
tion
with
th
e tr
ans
actio
ns c
ont
em
pla
ted
by
this
Ser
vice
s A
gree
men
t;
prov
ided
tha
t su
ch d
iscl
osur
e is
ess
ent
ial
for
thes
e p
urp
ose
s a
nd i
s o
n th
e ba
sis
tha
t cl
aus
e 18
.1 a
pp
lies
to th
e di
sclo
sure
by
the
advi
ser;
(c)
by
the
Sel
ler
to it
s A
ffilia
tes
or b
y th
e P
urch
aser
to
its A
ffilia
tes;
(d)
to a
dir
ecto
r, s
uper
viso
r, o
ffice
r or
em
plo
yee
of
a m
em
be
r of
the
S
elle
r's G
roup
or
the
Pur
chas
er's
Aff
ilia
te w
hose
fun
ctio
n re
qui
res
him
to
ha
ve t
he r
elev
an
t con
fiden
tial i
nfor
mat
ion
; or
(e)
to t
he e
xten
t th
at
the
info
rma
tion
has
bee
n m
ade
pu
blic
by,
or
with
th
e
cons
ent
of, t
he o
ther
Pa
rty.
18.3
W
ithou
t p
reju
dice
to
cla
use
18
.2,
eac
h P
art
y ac
kno
wle
dge
s a
nd a
gree
s, f
or
itsel
f a
nd a
s a
gen
t on
beh
alf
of
each
me
mb
er o
f th
e its
gro
up t
hat
if a
Par
ty t
o
this
Ser
vice
s A
gree
men
t or
a m
em
ber
of
that
Par
ty's
gro
up c
onsi
ders
tha
t di
sclo
sure
of
any
su
ch i
nfo
rma
tion
as
is r
efer
red
to i
n cl
aus
e 1
8.1
is r
equi
red
for
a g
enu
ine
bus
ines
s pu
rpos
e, s
uch
disc
losu
re s
hall
be
per
mitt
ed s
ub
ject
to
the
reci
pien
t ha
vin
g en
tere
d in
to a
con
fiden
tialit
y un
dert
akin
g t
o k
eep
such
in
form
atio
n co
nfid
ent
ial.
18.4
T
he r
estr
ictio
ns c
ont
ain
ed in
thi
s cl
aus
e 1
8 s
hal
l co
ntin
ue t
o a
ppl
y fo
r a
per
iod
of
thre
e (3
) ye
ars
af
ter
the
end
d
ate
of
the
T
rans
itio
nal
Per
iod
or
th
e
term
ina
tion
of t
his
Ser
vice
s A
gree
men
t, w
hich
eve
r is
ear
lier.
(T
he
ext
ract
of E
nglis
h d
ocu
me
nts
is fo
r re
fere
nce
on
ly)
RE
ST
RIC
TE
D
15
19. F
urth
er A
ssur
anc
es
The
S
elle
r a
nd
the
P
urch
aser
sh
all,
a
nd
shal
l p
rocu
re
tha
t th
eir
resp
ectiv
e
Aff
iliat
es s
hall
exec
ute
and
del
iver
, or
sh
all
caus
e t
o b
e e
xecu
ted
and
del
iver
ed,
su
ch d
ocu
men
ts a
nd o
ther
pap
ers
and
sha
ll ta
ke,
or
sha
ll ca
use
to b
e t
aken
, su
ch
furt
her
act
ions
as
ma
y b
e r
easo
nab
ly r
equi
red
to
carr
y o
ut t
he p
rovi
sion
s o
f, a
nd
give
eff
ect t
o th
e tr
ans
actio
ns c
onte
mp
late
d b
y th
is S
ervi
ces
Agr
eem
ent.
20. D
ata
Pro
tect
ion
20.1
E
ach
Pa
rty
sha
ll en
sure
tha
t it
has
secu
red
such
con
sent
s, r
egis
tra
tions
an
d no
tific
atio
ns a
s m
ay
be
req
uire
d b
y th
e La
w t
o en
abl
e su
ch P
arty
an
d its
A
ffili
ates
to
pro
cess
per
sona
l dat
a to
the
ext
ent
req
uire
d t
o pr
ovi
de
and
rec
eive
, as
app
ropr
iate
, its
rig
hts
an
d ob
liga
tions
und
er th
is S
ervi
ces
Ag
ree
men
t.
20.2
E
ach
P
arty
a
ckno
wle
dges
th
at
it sh
all
take
ap
pro
pria
te
tech
nica
l a
nd
orga
niza
tiona
l mea
sure
s to
pro
tect
per
sona
l da
ta a
ga
inst
acc
iden
tal o
r un
law
ful
dest
ruct
ion
or
acci
dent
al l
oss,
alte
ratio
n, u
nau
thor
ized
dis
clos
ure
or a
cces
s a
nd
aga
inst
all
oth
er u
nla
wfu
l fo
rms
of p
roce
ssin
g.
21. E
ntire
Agr
eem
ent
21.1
T
his
Ser
vice
s A
gre
emen
t a
nd e
ach
doc
umen
t re
ferr
ed t
o in
it
cons
titut
es t
he
entir
e a
gree
men
t a
nd
supe
rsed
es a
ny
pre
vio
us a
gree
men
ts b
etw
een
the
Pa
rtie
s re
latin
g to
the
sub
ject
ma
tter
of t
his
Ser
vice
s A
gree
men
t,
prov
ided
tha
t te
rms
and
cond
ition
s no
t p
rovi
ded
here
in s
hal
l re
fer
to t
he
SP
A a
nd
the
SP
A s
hal
l pr
eva
il sh
ould
th
ere
be
any
disc
repa
ncie
s b
etw
een
th
e S
PA
a
nd
this
A
gre
em
ent
.
22. A
ssig
nmen
t
22.1
T
his
Ser
vice
s A
gree
men
t sh
all
not
b
e
assi
gned
, in
w
hole
o
r in
p
art,
by
oper
atio
n of
La
w o
r o
ther
wis
e w
ithou
t th
e p
rior
writ
ten
cons
ent
of
the
Par
ties.
A
ny
atte
mp
ted
ass
ignm
ent i
n vi
ola
tion
of
this
cla
use
22.1
sh
all b
e vo
id.
22.2
T
his
Ser
vice
s A
gree
men
t sh
all
be
bin
ding
up
on,
sha
ll in
ure
to t
he
ben
efit
of,
and
sha
ll b
e en
forc
eab
le
by
the
Par
ties
her
eto
and
th
eir
succ
esso
rs
an
d p
erm
itted
ass
igns
.
23. N
otic
es
23.1
A
no
tice
unde
r or
in c
onne
ctio
n w
ith th
is A
gree
men
t (a
"N
otic
e")
sha
ll b
e:
(a)
in w
ritin
g; a
nd
(b)
deliv
ered
p
erso
nally
, or
se
nt
by
regi
ster
ed
ma
il,
or
cour
ier
by
an
inte
rnat
iona
lly r
eco
gniz
ed c
ouri
er c
om
pa
ny (
e.g.
F
edE
x or
DH
L) o
r b
y fa
x, t
o t
he P
art
y du
ly t
o re
ceiv
e th
e N
otic
e at
its
ad
dres
s se
t ou
t in
cl
aus
e 23
.2 o
r to
suc
h o
ther
add
ress
, p
erso
n or
fa
x nu
mb
er a
s th
e P
arty
38
(T
he
ext
ract
of E
nglis
h d
ocu
me
nts
is fo
r re
fere
nce
on
ly)
RE
ST
RIC
TE
D
16
ma
y sp
ecify
by
not
le
ss t
han
sev
en d
ays
' w
ritte
n no
tice
to t
he o
ther
P
arty
rec
eive
d b
efor
e th
e N
otic
e w
as d
ispa
tche
d.
23.2
In
the
abs
enc
e of
evi
den
ce o
f e
arlie
r re
ceip
t, a
No
tice
sha
ll b
e d
eem
ed t
o ha
ve
bee
n du
ly g
iven
if:
(a)
deliv
ered
per
sona
lly,
wh
en l
eft
at
the
ad
dres
s re
ferr
ed t
o in
sub
-cla
use
23.1
(b);
(b)
sent
by
regi
ster
ed m
ail
or
cour
ier,
tw
o (
2) B
usin
ess
Da
ys a
fter
pos
ting
it; a
nd
(c)
sent
by
fax,
whe
n c
onfir
ma
tion
of
its t
rans
mis
sion
ha
s b
een
reco
rded
on
the
sen
der's
fax
ma
chin
e.
(d)
The
add
ress
ref
erre
d to
in s
ub-c
laus
e 23
.1(b
) is
:
Nam
e of
Par
ty
Add
ress
F
ax N
o.
Mar
ked
for
the
atte
ntio
n of
Alli
anz
Tai
wan
Li
fe In
sura
nce
Co.
Lt
d.
7th F
l., N
o.1
00, S
ectio
n 5
, X
inY
i R
oad
, X
inY
i Dis
tric
t, T
aip
ei,
Tai
wan
+8
86
2 8
789
2199
D
ann
y La
m, C
EO
CH
INA
LIF
E
INS
UR
AN
CE
CO
., LT
D.
5th F
l., N
o. 1
22, D
unhu
a N
. R
oad
, S
ong
Sha
n D
istr
ict,
Tai
pei
, T
aiw
an
+8
86
2 8
712
9055
P
resi
den
t
24. S
ever
abi
lity
24.1
If
any
ter
m o
r o
ther
pro
visi
on
of
this
Ser
vice
s A
gree
men
t is
inva
lid,
illeg
al o
r in
capa
ble
of
bei
ng e
nfor
ced
un
der
any
Law
or
as a
ma
tter
of p
ublic
pol
icy,
all
othe
r co
nditi
ons
an
d p
rovi
sion
s of
thi
s S
ervi
ces
Ag
ree
me
nt s
ha
ll ne
vert
hele
ss
rem
ain
in
full
forc
e a
nd e
ffec
t so
lon
g as
th
e ec
ono
mic
or
lega
l su
bsta
nce
of
the
tra
nsa
ctio
ns c
onte
mp
late
d b
y th
is S
ervi
ces
Ag
ree
men
t is
no
t af
fect
ed i
n
any
ma
nne
r m
ate
rial
ly a
dve
rse
to a
ny P
art
y.
24.2
U
pon
suc
h d
eter
min
atio
n th
at
any
ter
m o
r ot
her
pro
visi
on is
inva
lid,
illeg
al o
r in
capa
ble
of
bei
ng e
nfo
rced
, th
e P
artie
s to
thi
s S
erv
ices
Agr
eem
ent
shal
l ne
gotia
te i
n go
od f
aith
to
mo
dify
th
is S
ervi
ces
Ag
reem
ent
so a
s to
eff
ect
the
orig
ina
l in
tent
of
the
Par
ties
as c
lose
ly a
s p
ossi
ble
in
a m
utu
ally
acc
epta
ble
m
ann
er
in o
rder
tha
t the
tra
nsac
tions
con
tem
pla
ted
by
this
Ser
vice
s A
gree
men
t b
e co
mp
lete
d as
ori
gina
lly c
onte
mp
late
d to
the
grea
test
ext
ent
pos
sib
le.
25. A
men
dmen
t and
Wai
ver
25.1
N
o p
rovi
sio
n of
thi
s S
ervi
ces
Ag
ree
men
t m
ay
be
am
end
ed,
supp
lem
ente
d or
m
odifi
ed e
xcep
t by
a w
ritt
en in
stru
me
nt s
igne
d b
y th
e P
artie
s.
(T
he
ext
ract
of E
nglis
h d
ocu
me
nts
is fo
r re
fere
nce
on
ly)
RE
ST
RIC
TE
D
17
25.2
N
o p
rovi
sion
of
this
Ser
vice
s A
gre
em
ent
ma
y b
e w
aiv
ed e
xce
pt
by
a w
ritt
en
inst
rum
ent s
ign
ed b
y th
e P
arty
aga
inst
who
m t
he
wa
ive
r is
to
be
effe
ctiv
e.
25.3
N
o f
ailu
re o
r d
elay
by
an
y P
arty
in
exer
cisi
ng a
ny
right
, p
ower
or
priv
ilege
he
reun
der
shal
l op
erat
e as
a w
aiv
er t
here
of
nor
sha
ll a
ny
sing
le o
r pa
rtia
l ex
erci
se t
here
of p
recl
ude
an
y ot
her
or f
urth
er e
xerc
ise
the
reof
or
the
exer
cise
of
an
y o
ther
rig
ht, p
ower
or
priv
ileg
e.
25.4
T
he r
igh
ts a
nd
rem
edie
s he
rein
pro
vide
d s
hall
be
cum
ula
tive
and
not
exc
lusi
ve
of a
ny
righ
ts o
r re
med
ies
pro
vid
ed b
y th
e La
w.
26. C
ount
erpa
rts
Thi
s S
ervi
ces
Agr
eem
ent
m
ay
be
exec
ute
d
in
any
nu
mb
er
of
coun
terp
arts
(in
clud
ing
by
facs
imile
or
by
an
elec
tron
ic s
can
deliv
ered
by
elec
tro
nic
ma
il), e
ach
of w
hich
wh
en e
xecu
ted
and
del
ive
red
is a
n or
igin
al
and
all
of w
hich
to
geth
er
evid
ence
the
sa
me
agre
emen
t.
27. G
over
ning
Law
Thi
s S
ervi
ces
Agr
eem
ent
and
any
no
n-co
ntra
ctua
l o
blig
atio
ns a
risin
g o
ut o
f or
in
conn
ectio
n w
ith th
is S
ervi
ces
Agr
eem
ent
is g
ove
rned
by,
and
sha
ll b
e co
nstr
ued
in
acco
rda
nce
with
, the
Law
s of
the
R.O
.C.
28. A
rbitr
atio
n
28.1
A
ny
disp
ute
, co
ntro
vers
y or
cla
im a
risi
ng
from
or
conn
ecte
d w
ith t
his
Ser
vice
s A
gre
em
ent
, in
clud
ing
one
rega
rdin
g th
e ex
iste
nce
, va
lidity
or
term
inat
ion
of
this
Ser
vice
s A
gre
emen
t or
th
e co
nseq
uenc
es o
f its
nul
lity
and
an
y co
ntr
actu
al,
pre-
cont
ract
ual
or n
on-c
ontr
act
ual
righ
ts,
oblig
atio
ns o
r lia
bilit
ies
or o
ther
di
spu
te (
a "D
ispu
te")
sha
ll b
e re
ferr
ed t
o t
he C
hin
ese
Arb
itrat
ion
Ass
ocia
tion
, T
aip
ei (
the
"Ass
ocia
tion"
) a
nd fi
nal
ly r
esol
ved
by
arb
itrat
ion
und
er t
he R
.O.C
. A
rbitr
atio
n La
w a
nd t
he
arb
itra
tion
rule
s of
th
e A
ssoc
iatio
n i
n fo
rce
as a
t th
e da
te o
f th
is S
erv
ices
Agr
eem
ent,
whi
ch r
ule
s ar
e de
emed
to
be
inco
rpor
ated
by
refe
renc
e in
to t
his
cla
use
28
.1 a
nd a
s m
ay
be
am
end
ed b
y th
e re
st o
f th
is
cla
use
28.1
.
28.2
T
he a
rbitr
al t
ribun
al s
hall
cons
ist o
f thr
ee
arb
itrat
ors.
T
he S
elle
r sh
all
have
the
rig
ht t
o ap
poi
nt o
ne a
rbitr
ato
r a
nd t
he
Pur
chas
er s
hall
ha
ve t
he
rig
ht t
o ap
poin
t on
e a
rbitr
ato
r.
On
ce t
wo
arb
itra
tors
ha
ve b
een
app
oint
ed b
y th
e S
elle
r a
nd t
he
Pur
chas
er p
ursu
ant
to t
his
cla
use
28.2
, su
ch a
ppoi
nted
arb
itrat
ors
sha
ll jo
intly
se
lect
and
app
oint
the
thi
rd a
rbitr
ato
r (o
r fa
iling
agr
eem
ent,
the
Ass
ocia
tion
sha
ll pr
om
ptly
app
oin
t the
thir
d ar
bitr
ato
r).
28.3
T
he s
eat
of t
he a
rbitr
atio
n sh
all
be
Tai
pe
i Ta
iwa
n, a
ll he
arin
gs s
hal
l tak
e pl
ace
in
Ta
ipei
Ta
iwa
n, a
nd t
he l
ang
uage
of
the
arb
itrat
ion
shal
l b
e E
nglis
h a
nd
Chi
nese
.
39
(T
he
ext
ract
of E
nglis
h d
ocu
me
nts
is fo
r re
fere
nce
on
ly)
RE
ST
RIC
TE
D
18
28.4
A
ny
aw
ard
of
the
arb
itral
trib
una
l (th
e "
Aw
ard
") s
hall
be
ma
de in
writ
ing
an
d sh
all
be
final
and
bin
ding
on
th
e P
art
ies
fro
m t
he
da
y it
is m
ad
e.
Th
e P
artie
s un
der
take
to c
arry
out
the
Aw
ard
with
out
del
ay.
28.5
T
he P
artie
s w
aiv
e a
ny
right
to
refe
r p
oint
s of
law
or
to a
ppe
al t
o th
e co
urts
, to
th
e ex
tent
tha
t su
ch w
aive
r ca
n v
alid
ly b
e m
ad
e.
The
Par
ties
sha
ll no
t b
e de
em
ed,
how
eve
r, t
o ha
ve w
aive
d a
ny
righ
t to
cha
lleng
e a
ny
Aw
ard
on
the
gr
ound
tha
t th
e ar
bitr
al
trib
una
l la
cked
sub
stan
tive
juris
dict
ion
and
/or
on t
he
grou
nd o
f se
rio
us ir
regu
larit
y a
ffec
ting
the
arb
itral
trib
una
l, th
e p
roce
edin
gs o
r th
e A
wa
rd t
o th
e ex
tent
allo
wed
by
law
of
the
sea
t of
arb
itrat
ion.
N
othi
ng i
n th
is c
laus
e 28
.5 s
hal
l be
con
stru
ed a
s p
reve
ntin
g a
ny
Par
ty f
rom
see
kin
g co
nser
vato
ry o
r in
teri
m r
elie
f fr
om a
ny
cou
rt o
f co
mp
eten
t ju
risd
ictio
n.
(T
he
ext
ract
of E
nglis
h d
ocu
me
nts
is fo
r re
fere
nce
on
ly)
RE
ST
RIC
TE
D
19
AS
WIT
NE
SS
thi
s S
ervi
ces
Agr
eem
ent
has
bee
n si
gned
by
the
Par
ties
(or
thei
r du
ly
auth
oris
ed
repr
esen
tativ
es)
on
the
date
st
ated
a
t th
e b
egin
ning
of
th
is
Ser
vice
s A
gre
em
ent
.
Fo
r a
nd o
n b
ehal
f of
ALL
IAN
Z T
AIW
AN
LI
FE
INS
UR
AN
CE
CO
., LT
D.
) …
……
……
……
……
……
……
. )
Na
me
: Da
nny
Lam
)
Titl
e: C
EO
Fo
r a
nd
on
beh
alf
of C
HIN
A
LIF
E
INS
UR
AN
CE
CO
., LT
D.
) …
……
……
……
……
……
……
. )
Na
me
: Yu-
Lin
g, K
uo
) T
itle:
Pre
sid
ent
40
41
Attachment III
The review result of the Audit Committee
(Special Committee)
China Life Insurance Co., Ltd.
Minutes of the 9th session of the 3
rd Audit Committee (Special Committee)
Time: October 19 2017 (Thursday), 9:30 am
Location:
Conference Room, 12F., No.122, Dunhua N. Rd., Taipei City 105, Taiwan (R.O.C.)
Discussion
Agenda: The Company plans to offer NT$1 for acquiring the traditional policies and
riders from the spinoff of Allianz Taiwan Life. Approval is respectfully
requested.
Decision: All attending committee members agreed to adopt the proposal as its content
is.
42
China Life Insurance Co., Ltd. Rules of Procedures for Shareholders’ Meetings
First adopted at shareholders’ meeting on April 30, 1992
First amendment was made on April 23, 1998
Second amendment was made on May 21, 2002
Third amendment was made on June 14, 2013
Article 1 (Basis)
These Rules are adopted according to Paragraph 2 of Article 182-1 of the Company Act and
the provisions of the Rules Governing the Conduct of Shareholders’ Meetings of Public
Companies.
Article 2 (Principles for application)
This Corporation’s shareholders’ meeting, unless as provided by applicable laws or regulations
or the Articles of Incorporation, shall be proceeded according to these Rules.
Article 3 (Convening shareholders’ meeting and shareholders’ meeting notices)
Unless provided by applicable laws or regulations, this Corporation’s shareholders’ meetings
shall be convened by the board of directors.
This Corporation shall prepare electronic versions of the shareholders’ meeting notice and proxy
forms, and the origins of and explanatory materials relating to all proposals, including proposals
for ratification, matters for deliberation, or the election or dismissal of directors, and upload
them to the Market Observation Post System (MOPS) no later than 30 days prior to the date of a
regular shareholders’ meeting or no later than 15 days prior to the date of a special shareholders’
meeting. Moreover, this Corporation shall prepare electronic versions of the shareholders’
meeting agenda and supplemental meeting materials and upload them to the MOPS no later than
21 days prior to the date of the regular shareholders’ meeting or no later than 15 days prior to
the date of the special shareholders’ meeting. In addition, the meeting agenda and supplemental
meeting materials shall be prepared for each shareholders’ meeting no later than 15 days prior to
the date of the shareholders’ meeting so that they are available for review by the shareholders at
any time and displayed at this Corporation and the professional shareholder services agent
designated thereby as well as distributed on-site at the meeting place.
The reasons for convening a shareholders’ meeting shall be specified in the meeting notice and
public announcement. With the consent of the addressee, the meeting notice may be given in
electronic form.
Election or dismissal of directors, amendments to the articles of incorporation, the dissolution,
merger, or demerger of this Corporation, or any matter under the subparagraphs of Paragraph 1
of Article 185 of the Company Act, Articles 26-1 and 43-6 of the Securities Exchange Act shall
be set out in the notice of the reasons for convening the shareholders’ meeting. None of the
above matters may be raised by an extraordinary motion.
A shareholder holding 1 percent or more of the total number of issued shares may submit to this
Corporation a written proposal for discussion at a regular shareholders’ meeting. Such proposals,
however, are limited to one item only, and no proposal containing more than one item will be
43
included in the meeting agenda. In addition, when the circumstances of any subparagraph of
Paragraph 4 of Article 172-1 of the Company Act apply to a proposal put forward by a
shareholder, the board of directors may exclude it from the agenda.
Prior to the book closure date before a regular shareholders’ meeting is held, this Corporation
shall publicly announce that it will receive shareholder’s proposals, and the location and time
period for their submission, which period for such submission may not be less than 10 days.
Shareholder-submitted proposals are limited to 300 words, and no proposal containing more
than 300 words will be included in the meeting agenda. The shareholder making the proposal
shall be present in person or by proxy at the regular shareholders’ meeting and take part in the
discussion of such proposal.
Prior to the issuance date of notice of a shareholders’ meeting, this Corporation shall inform
the shareholders submitting proposals of the proposal screening results, and shall list in the
meeting notice the proposals that conform to the provisions of this article. At the shareholders’
meeting the board of directors shall explain the reasons for exclusion of any shareholder’s
proposals not included in the agenda.
Article 4 (Presence by shareholder’s appointment and authorization)
For each shareholders’ meeting, a shareholder may appoint a proxy to attend the meeting by
providing the proxy form issued by this Corporation in which the scope of the proxy’s
authorization is specified.
A shareholder may issue only one proxy form and appoint only one proxy for any given
shareholders’ meeting, and shall deliver the proxy form to this Corporation no later than 5 days
prior to the date of the shareholders’ meeting. When duplicate proxy forms are delivered, the
one received earliest shall prevail unless a declaration is included in the latter proxy form to
cancel the previous proxy appointment.
After a proxy form has been delivered to this Corporation, if the shareholder intends to attend
the meeting in person or to exercise his voting rights in written or electronic manner, a written
notice of proxy cancellation shall be given to this Corporation no later than 2 days prior to the
meeting date. If the cancellation notice is given later than that time, votes cast at the meeting
by the proxy shall prevail.
Article 5 (Place of a shareholders’ meeting)
The venue for a shareholders’ meeting shall be the premises of this Corporation, or a place
easily accessible to shareholders and suitable for a shareholders’ meeting. The meeting may
begin no earlier than 9 a.m. and no later than 3 p.m. Full consideration shall be given to the
opinions of the independent directors with respect to the place and time of the meeting.
Article 6 (Preparation of documents such as the attendance book)
This Corporation shall specify in its shareholders’ meeting notices the time during which
shareholder attendance registrations will be accepted, the place to register for attendance, and
other matters for attention.
The time during which shareholder attendance registrations will be accepted, as stated in the
preceding paragraph, shall be at least 30 minutes prior to the time the meeting commences. The
place at which attendance registrations are accepted shall be clearly marked and a sufficient
number of eligible personnel shall be assigned to handle the registrations.
44
Shareholders and their proxies (collectively, "shareholders") shall attend a shareholders’
meeting based on attendance cards, sign-in cards, or other certificates of attendance. Solicitors
with soliciting proxy forms shall also bring their identification documents for verification.
This Corporation shall furnish the attending shareholders or their proxies (collectively,
"shareholders") with an attendance book to sign, or attending shareholders may hand in a sign-in
card in lieu of signing in.
This Corporation shall furnish attending shareholders with the meeting agenda book, annual
report, attendance card, speaker’s slips, voting slips, and other meeting materials. Where there is
an election of directors, ballots shall also be furnished.
When the government or a juristic person is a shareholder, it may be represented by more than
one representative at a shareholders’ meeting. When a juristic person is appointed to attend as
proxy, it may designate only one person to represent it in the meeting.
Article 7 (The chairperson and non-voting participants of a shareholders’ meeting)
If a shareholders’ meeting is convened by the board of directors, the meeting shall be chaired by
the chairman of the board. When the chairman of the board is on leave or for any reason unable
to exercise the powers of the chairman, the vice chairman of the board shall act in place of the
chairman. If there is no vice chairman or the vice chairman is also on leave or for any reason
unable to exercise the powers of the vice chairman, the chairman shall appoint one of the
managing directors to act as chairperson, or, if there are no managing directors, one of the
directors shall be appointed to act as chairperson. Where the chairman does not make such a
designation, the managing directors or the directors shall mutually select from among
themselves one person to serve as chairperson.
When a managing director or a director serves as chairperson, as referred to in the preceding
paragraph, the managing director or director shall be the one who has held that position for six
months or more and understands the financial and business conditions of this Corporation. The
same shall be true for a representative of a juristic person director that serves as chairperson.
It is advisable that shareholders’ meetings convened by the board of directors be attended by a
majority of the directors.
If a shareholders’ meeting is convened by a party other than the board of directors with power to
convene, the convening party shall chair the meeting. When there are two or more such
convening parties, they shall mutually select a chairperson from among themselves.
This Corporation may appoint the attorneys, accountants, or related persons retained by it to
attend a shareholders’ meeting in a non-voting capacity.
Article 8 (Documentation of a shareholders’ meeting by audio or video)
This Corporation, beginning from the time it accepts shareholder attendance registrations, shall
make an uninterrupted audio and video recording of the registration procedure, the proceedings
of the shareholders’ meeting, and the voting and vote counting procedures.
The recorded materials of the preceding paragraph shall be retained for at least 1 year. If,
however, a shareholder files a lawsuit pursuant to Article 189 of the Company Act, the
recording shall be retained until the conclusion of the litigation.
Article 9 (Calculation of the shares in attendance and the call of the meeting)
45
Attendance at shareholders’ meetings shall be calculated based on the number of shares. The
number of shares in attendance shall be calculated according to the shares indicated by the
attendance book and sign-in cards handed in plus the number of shares by which voting rights
are exercised in written or electronic manner.
The chairperson shall call the meeting to order at the appointed meeting time. However, when
the attending shareholders do not represent a majority of the total number of issued shares, the
chairperson may announce a postponement, provided that no more than two such postponements,
for a combined total of no more than 1 hour, may be made. If the quorum is not met and the
attending shareholders still represent less than one third of the total number of issued shares
after two postponements, the chairperson shall declare the meeting adjourned.
If the quorum is not met after two postponements as referred to in the preceding paragraph, but
the attending shareholders represent one third or more of the total number of issued shares, a
tentative resolution may be adopted pursuant to Paragraph 1 of Article 175 of the Company Act,
of which all shareholders shall be notified to convene another shareholders’ meeting within 1
month.
When, prior to conclusion of the meeting, the attending shareholders represent a majority of
the total number of issued shares, the chairperson may resubmit the tentative resolution for
voting by the shareholders’ meeting pursuant to Article 174 of the Company Act.
Article 10 (Discussion of proposals)
If a shareholders’ meeting is convened by the board of directors, the meeting agenda shall be set
by the board of directors. The meeting shall proceed in the order set by the agenda, which may
not be changed without a resolution of the shareholders’ meeting.
The provisions of the preceding paragraph apply mutatis mutandis to a shareholders’ meeting
convened by a party other than the board of directors with the power to convene.
The chairperson may not declare the meeting adjourned prior to completion of deliberation on
the meeting agenda of the preceding two paragraphs (including extraordinary motions) unless
by a resolution of the shareholders’ meeting. If the chairperson declares the meeting adjourned
in violation of the rules of procedure, the other members of the board of directors shall promptly
assist the attending shareholders in electing a new chairperson in accordance with statutory
procedures by agreement of a majority of the votes represented by the attending shareholders
and then continue the meeting.
The chairperson shall allow ample opportunity during the meeting for explanation and
discussion of proposals and of amendments or extraordinary motions put forward by the
shareholders. When the chairperson is of the opinion that a proposal has been discussed
sufficiently to be put to a vote, the chairperson may announce the discussion closed and call
for a vote.
Article 11 (Shareholder speech)
Before speaking, an attending shareholder shall specify on a speaker’s slip the subject of his
speech, his/her shareholder account number (or attendance card number), and account name.
The order in which shareholders speak will be set by the chairperson.
46
A shareholder in attendance who has submitted a speaker’s slip but does not actually speak shall
be deemed to have not spoken. When the content of the speech does not correspond to the
subject given on the speaker’s slip, the spoken content shall prevail.
Unless with the consent of the chairperson, a shareholder may not seek more than twice on the
same proposal and each single speech may not exceed 5 minutes. If the shareholder’s speech
violates the rules or exceeds the scope of the agenda item, the chairperson may terminate the
speech.
When an attending shareholder is speaking, other shareholders may not speak or interrupt unless
they have sought and obtained the consent of the chairperson and the shareholder that has the
floor, and the chairperson shall stop any violation.
When a juristic person shareholder appoints two or more representatives to attend a shareholders’
meeting, only one of the representatives so appointed may speak on the same proposal.
After an attending shareholder has spoken, the chairperson may respond in person or direct
relevant personnel to respond.
Article 12 (Calculation of voting shares and recusal system)
Voting at a shareholders’ meeting shall be calculated on the basis of the number of shares.
With respect to resolutions of shareholders’ meetings, the number of shares held by a
shareholder with no voting rights shall not be calculated as part of the total number of issued
shares.
When a shareholder is an interested party in relation to an agenda item, and there is the
likelihood that such a relationship would prejudice the interests of this Corporation, that
shareholder may not vote on that item, and may not exercise voting rights as proxy for any other
shareholder.
The number of shares for which voting rights may not be exercised under the preceding
paragraph shall not be calculated as part of the voting rights represented by attending
shareholders.
With the exception of a trust enterprise or a shareholder services agent approved by the
competent securities authority, when one person is concurrently appointed as proxy by two or
more shareholders at the same time, the voting rights represented by that proxy may not
exceed 3 percent of the voting rights represented by the total number of issued shares. If that
percentage is exceeded, the voting rights in excess of that percentage shall not be included in
the calculation.
Article 13 (Voting on a proposal)
A shareholder shall be entitled to one vote for each share held, except when the shares are
restricted shares or are deemed non-voting shares under Paragraph 2 of Article 179 of the
Company Act.
When this Corporation holds a shareholders’ meeting, it may allow the shareholders to exercise
voting rights in written or electronic manner. When the voting rights are exercised in written or
electronic manner, the method of such exercise shall be specified in the shareholders’ meeting
notice. A shareholder exercising voting rights in written or electronic manner will be deemed to
have attended the meeting in person. However, a shareholder will be deemed to have waived
47
his/her rights when voting on the extraordinary motions and amendments to original proposals
of that meeting.
A shareholder intending to exercise voting rights by correspondence or electronic means under
the preceding paragraph shall deliver a written declaration of intent to this Corporation no later
than 2 days prior to the date of the shareholders’ meeting. When duplicate declarations of intent
are delivered, the one received earliest shall prevail, except when a declaration is made to cancel
the earlier declaration of intent.
In the event the shareholder intends to attend the shareholders’ meeting in person after he/she
has exercised voting rights in written or electronic manner, the shareholder shall retract his
declaration of voting already exercised under the preceding paragraph in the same manners by
which the voting rights were exercised no later than 2 days prior to the date of the shareholders’
meeting. If the notice of such retraction is submitted later than that time, the voting rights
already exercised in written or electronic manner shall prevail.
When a shareholder has exercised voting rights both in written or electronic manner and by
appointing a proxy to attend the shareholders’ meeting, the voting rights exercised by the proxy
in the meeting shall prevail.
A proposal will be deemed as passed and has effect as it is passed by votes if no shareholders
object it in written or electronic manner, meanwhile, all attending shareholders have no
objection to the proposal after the chairperson consults with them. In case of any objection the
proposal shall be voted on by the shareholders. Except as otherwise provided in the Company
Act and this Corporation’s Articles of Incorporation, the passage of a proposal shall require an
affirmative vote of a majority of the voting rights represented by the attending shareholders. At
the time of a vote on each proposal the chairperson or a person designated by the chairperson
shall first announce the total number of voting rights represented by the attending shareholders,
followed by a poll of the shareholders. On the same day the shareholders’ meeting is held after
the conclusion of the meeting, this Corporation shall input the results based on the numbers of
votes for and against the proposal or the number of abstentions into the MOPS.
When there is an amendment or an alternative to a proposal, the chairperson shall present the
amended or alternative proposal together with the original proposal and decide the order in
which they will be put to a vote. When any one among them is passed, the other proposals will
then be deemed rejected, and no further voting shall be required.
Vote monitoring and counting personnel for the voting on a proposal shall be appointed by the
chairperson, provided that all monitoring personnel shall be shareholders of this Corporation.
Vote counting for shareholders’ meeting resolutions or elections shall be conducted in public
at the place of the shareholders’ meeting. Immediately after vote counting has been completed,
the results of the voting, including the statistical tallies of the numbers of votes, shall be
announced on-site at the meeting and recorded.
Article 14 (Election)
The election of directors at a shareholders’ meeting shall be held in accordance with the Rules
for Election and Appointment of Directors adopted by this Corporation, and the voting results
shall be announced on-site immediately, including the names of those elected as directors and
the numbers of votes with which they were elected.
48
The ballots for the election referred to in the preceding paragraph shall be sealed with the
signatures of the monitoring personnel and kept in proper custody for at least 1 year. If,
however, a shareholder files a lawsuit pursuant to Article 189 of the Company Act, the ballots
shall be retained until the conclusion of the litigation.
Article 15 (Meeting minutes and signature)
Matters relating to the resolutions of a shareholders’ meeting shall be recorded in the meeting
minutes. The meeting minutes shall be signed or sealed by the chairperson of the meeting and a
copy shall be distributed to each shareholder within 20 days after the conclusion of the meeting.
The meeting minutes may be produced and distributed in electronic form.
This Corporation may distribute the meeting minutes under the preceding paragraph by means
of a public announcement on the MOPS.
The meeting minutes shall accurately record the year, month, day, and place of the meeting,
the chairperson’s full name, the methods by which resolutions were adopted, and a summary
of the deliberations and their results, and shall be retained for the duration of the existence of
this Corporation.
Article 16 (Public disclosure)
On the day of a shareholders’ meeting, this Corporation shall compile in the prescribed format a
statistical statement of the number of shares obtained by solicitors through solicitation and the
number of shares represented by proxies, and shall make an express disclosure thereof at the
place of the shareholders’ meeting.
If matters put to a resolution at a shareholders’ meeting constitute material information under
applicable laws or regulations or under the Taiwan Stock Exchange Corporation regulations,
this Corporation shall upload the content of such resolution to the MOPS within the prescribed
time period.
Article 17 (Maintaining order at the meeting place)
Staff handling administrative affairs of a shareholders’ meeting shall wear identification cards
or arm bands.
The chairperson may direct the proctors or security personnel to help maintain order at the
meeting place. When proctors or security personnel help maintain order at the meeting place,
they shall wear an identification card or armband bearing the word "Proctor."
At the place of a shareholders’ meeting, if a shareholder attempts to speak through any device
other than the public equipment set up by this Corporation, the chairperson may prevent the
shareholder from doing so.
When a shareholder violates the rules of procedure and defies the chairperson’s correction,
obstructing the proceedings and refusing to heed calls to stop, the chairperson may direct the
proctors or security personnel to escort the shareholder out of the meeting place.
Article 18 (Recess and resumption of a shareholders’ meeting)
When a meeting is in progress, the chairperson may announce a break based on time
considerations. If a force majeure event occurs, the chairperson may rule the meeting
temporarily suspended and announce a time when, in view of the circumstances, the meeting
will be resumed.
49
If the meeting venue is no longer available for continued use and not all of the items (including
extraordinary motions) on the meeting agenda have been addressed, the shareholders’ meeting
may adopt a resolution to resume the meeting at another venue.
A resolution may be adopted at a shareholders’ meeting to defer or resume the meeting within
5 days in accordance with Article 182 of the Company Act.
Article 19 (Implementation)
These Rules, and any amendments hereto, shall be implemented after adoption by
shareholders’meetings.
50
Articles of Incorporation
of
China Life Insurance Company Limited
CHAPTER I General Provisions Article 1 In accordance with Company Limited by Shares by the Company Act, the
Company was established and named China Life Insurance Company Limited.
Article 2 The Company aims at providing life insurance, developing social welfare and
assisting industries.
Article 3 The Company’s head office is located at Taipei City. The Company shall apply
for approval to set up branch offices in appropriate locations in the country or
overseas when necessary.
Article 4 All public announcements to be made by the Company shall be in accordance
with the provisions of Article 28 of Company Act.
CHAPTER II Business Article 5 The Company’s business category is “H501011 Life Insurance Enterprises”.
CHAPTER III Shares Article 6 The total amount of share capital of the Company is set to be NT$45 billion
which is divided into 4 billion and 500 million shares. Each share is equal to
NT$10. Those shares which have not been issued, depending on actual situations,
are to be issued in installments by the Board of Directors as authorized.
Preferred shares may be issued from the preceding entire shares.
Article 6-1 The Company shall transfer the shares that they repurchased to the employees at
an average price lower than it paid for the repurchase. Prior to the transfer, this
act shall be adopted by two-third of voting rights exercised by the shareholders
present at the latest shareholders’ meeting who represent a majority of the
outstanding shares of the Company.
Article 6-2 The Company may issue the Class B Preferred Shares in installments, and the
rights and other important issuance terms of the Company’s preferred shares are
as follows:
I. Where the Company has surplus earnings after the settlement of account at
the end of fiscal year, it shall first cover the losses in the previous fiscal
years and pay the taxes by laws. After setting aside legal reserve and
special reserve as provided in laws or reversing special reserve, the
remaining earnings, if any, may be applied first to distribute the dividends
of Class B Preferred Shares may be distributed in the current year.
II. The dividend rate of Class B Preferred Shares is capped at 8% per annum
on the issue price. Cash dividends will be distributed annually. Once the
51
Company’s financial statements have been approved in the annual general
meeting of the shareholders, the Board shall be authorized to set the record
date for the distribution of the payable preferred share dividends for the
previous year. In the year of issuance and redemption, the distribution of
the payable dividends shall be calculated based on the actual issuance days
of that year.
III. The Company has sole discretion on the distribution of Class B Preferred
Share dividends. If after annual audited accounts are prepared, there is no
earning or insufficient earning for distributing dividends of Class B
Preferred Shares, or if such kind distribution will cause the Company’s
capital adequacy ratio to fall below the minimum requirement stipulated
by the law or the competent authorities or other necessary consideration,
the cancellation of distributing Preferred Share dividends by resolution of
the Company will not be deemed as an event of default. The Class B
Preferred Shares issued are specified as non-cumulative, and the
undistributed dividends or shortfalls in dividends distributed shall not be
cumulative and shall cease to accrue and be payable, therefore no deferred
payment will be paid in subsequent years where there are earnings.
IV. Except for the dividend prescribed in subparagraph 2 of this paragraph,
Class B Preferred Shares, are not entitled to participate in the distribution
of cash or stock dividends with regard of the common shares derived from
earnings or capital surplus.
V. The distribution priority for shareholders of Class B Preferred Shares on
the residual property of the Company is ahead of shareholders of common
shares and of shareholders of other preferred shares issued later, and the
preferential order is lower than the proposers, beneficiaries and general
creditors. Yet the distribution shall not exceed the issuance amount.
VI. The holders of the preferred shares will have no voting rights and no rights
to vote on election of directors but are entitled to be elected as directors.
Holders of outstanding Class B Preferred Shares have mandatory voting
rights in Class B Preferred Shareholders’ meetings or Shareholders’
meetings that involve the rights and obligations of shareholders of Class B
Preferred Shares.
VII. Class B Preferred shares may not be converted to common shares.
VIII. The Class B Preferred Shares issued by the Company have no maturity,
and shareholders of Class B Preferred Shares do not have the right to
request the Company to redeem preferred shares possessed by
shareholders. In addition, the Company may set a redemption date of the
Class B Preferred Shares not earlier than the next day after five years of
issuance. Where the Company redeems all or partial of the outstanding
Class B Preferred Shares with the actual issuance price and the
unredeemed preferred shares shall continue to enjoy rights and obligations
of issuance terms prescribed in preceding subparagraphs.
52
The board is authorized to determine the annual dividend rate and issuance terms
upon actual issuance after considering the situation of capital market and the
willingness of investors to subscribe in accordance with Articles of
Incorporation and related laws and regulations.
Article 7 The share certificates issued by the Company are all registered. The share
certificates shall be affixed with the signature or personal seals of chairman of
the directors and two or more directors, shall be assigned with serial numbers,
and shall be duly certified by laws before issuance.
The Company is exempted from printing any share certificate for the share
issued. The Company shall appoint a centralized securities custody enterprise/
institution to make recordation of the issue of such shares.
The total amount of the shares of the Company that all the directors and
supervisors hold shall be in accordance with “Rules and Review Procedures for
Director and Supervisor Share Ownership Ratios at Public Companies” by the
competent authority.
Article 8 Distribution of dividends issued by the Company shall be made by the resolution
of shareholders’ meeting. If there is no surplus earnings provided, the Company
shall not distribute the dividends from its capital.
Article 9 When shareholders open an account, they shall fill in and keep the signature
card. The content, change, loss or damage of the signature card shall be made by
“Regulations Governing the Administration of Shareholder Services of Public
Companies”. The signature card shall be presented when taking dividends and
bonus, or liaising with the company in writing and exercising other rights.
Article 10 The stock affair of the Company shall be conducted by relevant laws and the
competent authority.
When doing transfer of shares, both transferor and transferee shall present the
application forms with their signatures and personal seals. The forms are
submitted to the Company or a registrar designated by the Company for register
of share transfer. The transferee is not to be entitled the shareholder rights until
the register of share transfer is successful.
Article 11 Upon loss or difficulty of identification due to damage of share certificates, the
application of replacement or reissue of a new one shall be adopted by
“Regulations Governing the Administration of Shareholder Services of Public
Companies”.
Article 12 Taiwan Depository & Clearing Corporation shall, upon request, consolidate and
replace by high-denomination securities.
CHAPTER IV Shareholders’ Meeting Article 13 Shareholders’ meeting shall be of the following two kinds: regular meeting and
special meeting. The regular meeting shall be convened by the Board of
Directors within six months after close of each fiscal year. The special meeting
is to be held when necessary. In case shareholders are unable to attend the
meetings in person for any cause, as provided in Article 177 of Company Act,
53
they may appoint a proxy in writing to attend such meetings.
The preferred shareholders’ meeting may be convened in accordance
with the relevant laws when it is deemed necessary.
Article 14 A notice to convene a regular meeting of shareholders shall be given no later
than 30 days prior to the scheduled meeting date, and no later than 15 days for a
special meeting. The date, place, and cause(s) or subject(s) of a meeting of
shareholders to be convened shall be indicated in the notice to be given to
shareholders.
Article 15 Except in the circumstances of no voting right set forth in Item 2, Article 179 of
Company Act, and of voting right which cannot be exercised as provided in Item
2, Article 197-1 of Company Act, a shareholder shall have one vote in respect of
each share in his/her possession.
Article 16 The chairman of the Board of Directors shall preside the shareholders’ meetings.
In case the chairman of the Board of directors is on leave or absent or cannot
exercise his power for any cause, the vice chairman shall act on his behalf. In
case the vice chairman is also on leave or absent or cannot exercise his power
for any cause, the chairman of the Board of directors designate one of the
directors to act on his behalf. In the absence of such a designation, the directors
shall elect from among themselves an acting chairman of the Board of Directors.
Article 17 Resolutions at a shareholders' meeting shall, unless otherwise provided for in the
Company Act, be adopted by a majority vote of the shareholders present, who
represent more than one-half of the total number of voting shares.
Article 18 The date and place of the meeting, the name of the chairman, the method of
adopting resolutions, and a summary of the essential points of the proceedings
and the results of the meeting shall also be recorded on the resolutions adopted
at the shareholders’ meeting. This shall be affixed with the signature or seal of
the chairman of the meeting. The preceding resolutions shall be kept in the
Company along with the attendance cards of the shareholders present and the
power of attorney for attendance.
CHAPTER V Board of Directors Article 19 The Board of Directors of the Company has nine directors who were elected by
the shareholders’ meeting from among the persons with disposing capacity. The
term of office of a director shall be three years, and he/she may be eligible for
re-election. The directors shall include not less than two independent directors,
and not less than one-fifth of the director seats.
A candidate nomination system shall be adopted in the Company for electing
both independent directors and non-independent directors. The shareholders
shall elect from among those listed in the slate of director candidates at
shareholders’ meeting.
The professional qualifications of independent directors, the limit of holding
shares and doing other jobs, the recognition of independence, the method of
nomination and other rules to be followed are in accordance with the rules made
54
by the authority in charge of securities affairs.
Article 20 Directors constitute the Board of Directors. They shall elect the chairman of the
directors, who externally represent the Company, from among the directors by a
majority vote at a meeting attended by over two-thirds of directors present, and
may elect a vice chairman of the Board to assist in the same manner. The
Company may buy liability insurance for the directors, and the Board of
Directors may set up a secretariat.
Article 21 The scope of duties and power of the Board of Directors is as follows:
1. To examine and establish corporate rules and regulations;
2. To certify business policies;
3. To examine and/or screen the budget and final account;
4. To draw up the plan of surplus earnings distribution;
5. To draw up the plan of increasing or reducing the capital; and
6. To exercise other duties and power given by laws and shareholders’
meetings.
Article 22 In addition to the first board meeting to be held in accordance with the Company
Act, others shall be convened by the chairman of the Board of Directors. In case
the chairman of the Board of Directors is on leave or absent or unable to
exercise his/her power and authority for any cause, the vice chairman shall act
on his behalf. In case both the chairman and the vice chairman are both on leave
or unable to exercise their power and authority for any cause, the chairman of
the board of directors shall designate one of the directors to act on his behalf. In
the absence of such a designation, the directors shall elect among themselves an
acting chairman of the Board of Directors.
The directors shall attend every board meeting in person, but in case a director is
absent for any cause, he/she may appoint a proxy to attend the board meeting on
his/her behalf. He/she shall execute a power of attorney stating therein the scope
of power authorized with the cause(s) or subject(s) of such meeting to be
convened.
The preceding proxy shall only accept one power of attorney. Resolutions of the
Board of Directors, unless otherwise provided by law, shall be adopted by a
majority vote of the directors at a board meeting attended by a majority of the
directors.
Article 23 President, vice president and other senior staff members may be invited to a
board meeting when necessary, but they shall not be entitled voting right.
Article 24 The remuneration of the chairman of the Board of Directors, vice chairman,
directors and independent directors shall be decided by the Board of Directors
by a scope of power authorized, depending on their participation of the
Company’s business, the value of their contribution and the duties they take, and
with reference to the industry level of the country and overseas. Only the
remuneration of independent directors is fixed, which is decided by the Board of
Directors.
55
CHAPTER VI Audit Committee and Other Functional Committees Article 25 The Company shall establish an audit committee, composed of all of the
independent directors. The committee shall include not less than three members,
and one of whom shall be the convener. At least one member shall be
specialized in accounting or finance.
Article 26 The Company may establish other functional committees by laws.
Article 27 The preceding committees’ execution of the duties and power, and rules to be
followed shall be in accordance with relevant laws and the Articles of
Incorporation.
CHPATER VII Managerial Personnel Article 28 Appointment and dismissal of president and vice president shall be adopted by
Article 29 of Company Act.
Article 29 The Company has one president who conducts all the business of the Company
under the resolutions of the Board of Directors. The president may represent the
Company within his/her execution of the duties and power, and several
executive vice presidents and vice presidents shall be appointed to assist the
president.
CHAPTER VIII Accounting Article 30 The fiscal year of the Company shall start from 1
st January and end at 31
st
December. At the end of each fiscal year, general final account shall be
prepared.
Article 31 At the close of each fiscal year, the Company shall prepare the following
statements and documents which shall be examined and certified by the Board
of Directors. The statements and documents shall also be approved by the
shareholders’ meeting and shall be submitted to the competent authority for
auditing:
1. the business reports;
2. the financial statements; and
3. the surplus earnings distribution or deficit compensation proposals.
Article 32 Where the Company makes profits, it shall allocate no less than 0.5 percent of
the profits to be the remuneration of employees, and no more than 3 percent to
be the remuneration of directors. But the Company shall reserve the amount of
money to be used to cover its losses if it still has accumulated losses, and later it
shall allocate the remuneration in proportion for employees and directors.
The preceding remuneration of employees may be given in the form of share
certificates or cash. The remuneration of directors shall only be given to
non-independent directors.
Article 33 The Company adopts residual dividend policy in order to keep expanding the
business scale, meet the demands for capital and long-term financial plan of the
Company, and pursue sustainable and stable development.
Where the Company has surplus earnings after the settlement of account at the
56
end of fiscal year, it shall first cover the losses in the previous fiscal years and
pay the taxes by laws. After setting aside legal reserve and special reserve as
provided in laws or reversing special reserve, and may distribute preferred share
dividends thereafter, the balance, if applicable, shall be added to beginning
retained earnings as the unappropriated retained earnings, thirty to one hundred
percent of which shall be distributed as dividends for common shares. The
proposal of surplus earnings distribution shall be submitted by the Board of
Directors to the shareholders’ meeting for approval. In case the unappropriated
retained earnings is less than NT$0.5 each share, it may be reserved and not
distributed on the basis of canon of economy.
According to the Company’s business plans, the surplus earnings distribution
shall be based on the capital required and retained for distributing stock
dividends, but it may reserve a proportion for distribution in the form of cash
dividends. Where cash dividends are distributed in that year, the total amount of
cash dividends shall not be less than ten percent of the total amount of dividends.
The proportion of the preceding stock dividends and cash dividends may be
adjusted appropriately, depending on that year’s actual profits and capital
condition. The Board of Directors shall draw up the proposal and submit to the
shareholders’ meeting for deciding the most appropriate dividend policy.
CHAPTER IX Supplemental Provisions Article 34 In case the Articles of Incorporation are not complete, other situations shall be in
accordance with the Company Act and relevant laws.
Article 35 The Articles of Incorporation were established on 12th
April 1963, by all of the
promoters. The first amendment was on 12th
June 1969; the second was on 30th
April 1973; ----- ; the thirty second was on 15th
June 2007; the thirty third was
on 13th
June 2008; the thirty fourth was on 19th
December 2008; the thirty fifth
was on 19th
June 2009; the thirty sixth was on 18th
June 2010; the thirty seventh
was on 24th
June 2011; the thirty eighth was on 22nd
June 2012; the thirty ninth
was on 17th
June 2014; and the fortieth was on 31st May 2016; and the forty first
was on 26th
May 2017.
57
China Life Insurance Co., Ltd.
The Procedures for the Election of Directors
First adopted at shareholders’ meeting on April 30, 1992
First amendment was made on May 21, 2002
Second amendment was made on June 13, 2008
Third amendment was made on June 24, 2011
Fourth amendment was made on June 22, 2012
Article 1: The election procedure for the Company’s directors shall be proceeded in accordance
with the Procedures.
Article 2: For the elections of directors, Except as otherwise provided by the Company’s
Articles of Incorporation, each share will have voting rights in number equal to the
directors to be elected, and may be cast for a single candidate or split among
multiple candidates.
Article 3: The Company’s directors shall be elected by the shareholders’ meeting from among
the persons with disposing capacity. The number of directors will be as specified in
the Articles of Incorporation, and those receiving ballots representing the highest
numbers of voting rights will be elected sequentially according to their respective
numbers of votes. When two or more persons receive the same number of votes, thus
exceeding the specified number of positions, they shall draw lots to determine the
winner, with the chair drawing lots on behalf of any person not in attendance.
Article 4: Before the election begins, the chair shall appoint a number of persons with
shareholder status to perform the respective duties of vote monitoring and counting
personnel.
Article 5: The Company shall prepare the ballots and specify the attendance card numbers and
number of voting rights associated with each ballot.
Article 6: The ballot boxes shall be prepared by the board of directors and publicly checked by
the vote monitoring personnel before voting commences.
Article 7: If a candidate is a shareholder, a voter must enter the candidate’s account name and
shareholder account number in the "candidate" column of the ballot; for a
non-shareholder, the voter shall enter the candidate’s full name and identity card
number. However, when the candidate is a governmental organization or
juristic-person shareholder, the name of the governmental organization or
juristic-person shareholder shall be entered in the column for the candidate’s account
name in the ballot paper, or both the name of the governmental organization or
juristic-person shareholder and the name of its representative may be entered. When
there are multiple representatives, the names of each respective representative shall
be entered.
Article 8: Elections of independent and non-independent directors at Company shall be
conducted in accordance with the candidate nomination system with voting rights
separately calculated for independent and non-independent director positions.
58
Article 9: A ballot is invalid under any of the following circumstances:
I. The ballot was not prepared in accordance with the Procedures.
II. A blank ballot is placed in the ballot box.
III. The writing is unclear and indecipherable or has been altered.
IV. The candidate whose name is entered in the ballot is a shareholder, but the
candidate’s account name and shareholder account number do not conform with
those given in the shareholder register, or the candidate whose name is entered in
the ballot is a non-shareholder, and a cross-check shows that the candidate’s
name and identity card number do not match.
V. Other words or marks are entered in addition to the candidate’s account name or
shareholder account number (or identity card number) and the number of voting
rights allotted.
VI. No candidate’s account name (name) or shareholder account number (identity
card number) is provided in the ballot.
VII. Two or more names of the candidate are entered in one ballot.
Article 10: The voting rights shall be calculated on site immediately after the end of the poll,
and the results of the calculation shall be announced by the chair on the site.
Article 11: The board of directors of the Company shall issue notifications to the persons elected
as directors.
Article 12: The relevant provisions of the Company Act, the Company’s Articles of Incorporate,
and other applicable acts shall apply with regard to any matters not provided for
herein.
Article 13 These Procedures, and any amendments hereto, shall be implemented after approval
by a shareholders meeting.
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