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@ -1804,85 +1804,291 @@ All records of the Company and its series shall be maintained exclusively in ele
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* The Company Committee may establish valuation guidelines
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* Valuations shall be documented and maintained in the electronic records system
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### Section 4.4 - Special Series Types
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#### 4.4.1 - TDCMSP Series (Tools, Dies, Casts, Materials, Supplies, and (Intellectual) Property Series)
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1. **Purpose and Limitations**: A TDCMSP Series:
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a. May only own physical assets, real property, and intellectual property;
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b. Has no operational capability except through usage agreements with appropriate operational series;
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c. Cannot enter agreements with the Company; and
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d. Cannot enter agreements with any non-TSYS Group entities.
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* May only own physical assets, real property, and intellectual property
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* Has no operational capability except through usage agreements with appropriate operational series
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* Cannot enter agreements with the Company
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* Cannot enter agreements with any non-TSYS Group entities
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* Must maintain clear documentation of all assets owned
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* May not incur debt except for asset acquisition and maintenance
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* Must maintain adequate insurance for all assets
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2. **Asset Categories**: TDCMSP Series may own and manage:
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a. Tools and equipment;
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b. Dies and molds;
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c. Casting equipment;
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d. Raw materials;
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e. Supplies and consumables;
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f. Intellectual property;
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g. Patents and trademarks;
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h. Technical documentation;
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i. Manufacturing processes;
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j. Design specifications; and
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k. Real property.
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* Tools and equipment
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* Dies and molds
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* Casting equipment
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* Raw materials
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* Supplies and consumables
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* Intellectual property
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* Patents and trademarks
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* Technical documentation
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* Manufacturing processes
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* Design specifications
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* Real property
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* Digital assets and software
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* Data sets and databases
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* Domain names and online assets
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3. **Lease Agreement Requirements**: All TDCMSP Series must execute written lease agreements that include:
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a. Precise asset identification and valuation;
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b. Clearly defined maintenance responsibilities;
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c. Asset replacement provisions and funding mechanisms;
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d. Insurance requirements with minimum coverage levels;
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e. Usage tracking and reporting obligations;
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f. Term and renewal provisions; and
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g. Default and remediation procedures.
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* Precise asset identification and valuation
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* Clearly defined maintenance responsibilities
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* Asset replacement provisions and funding mechanisms
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* Insurance requirements with minimum coverage levels
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* Usage tracking and reporting obligations
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* Term and renewal provisions
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* Default and remediation procedures
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* Fair market value lease rates
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* Clear termination procedures
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* Asset return conditions
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* Dispute resolution provisions
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* Indemnification clauses
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4. **Asset Management Requirements**: All TDCMSP Series must implement:
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a. Regular asset valuation by qualified third parties;
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* Regular asset valuation by qualified third parties
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b. Comprehensive maintenance records;
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* Comprehensive maintenance records
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c. Usage tracking systems;
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* Usage tracking systems
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d. Industry-standard depreciation schedules;
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* Industry-standard depreciation schedules
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e. Replacement planning with adequate reserves;
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* Replacement planning with adequate reserves
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f. Annual asset audits;
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* Annual asset audits
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g. For intellectual property assets:
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* Asset management software systems
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* Regular condition assessments
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* Maintenance schedule compliance monitoring
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* For intellectual property assets:
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i. Formal IP protection strategies;
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i. Formal IP protection strategies
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ii. Regular monitoring for potential infringement;
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ii. Regular monitoring for potential infringement
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iii. Maintenance of registrations, renewals, and filings;
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iii. Maintenance of registrations, renewals, and filings
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iv. Documented chain of title and ownership verification;
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iv. Documented chain of title and ownership verification
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v. Periodic valuation of IP portfolio; and
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v. Periodic valuation of IP portfolio
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vi. Appropriate confidentiality and trade secret protections.
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vi. Appropriate confidentiality and trade secret protections
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vii. License compliance monitoring
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viii. Royalty collection and distribution systems
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5. **Revenue Model and Distribution**:
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* All lease payments shall be allocated according to the series operating agreement
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* Reserves shall be established for asset maintenance and replacement
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* Distributions shall be made only after adequate reserves are established
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* Special distributions may be made for extraordinary asset sales
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* Reinvestment programs may be established for asset acquisition
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* Royalty streams from intellectual property shall be separately accounted for
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6. **Capitalization Requirements**:
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* TDCMSP Series shall maintain adequate capitalization for their asset portfolio
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* Capital adequacy shall be reviewed annually
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* Special capital calls may be authorized for strategic asset acquisition
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* Asset financing shall comply with Section 3.3
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* Capital deployment plans shall be updated annually
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#### 4.4.2 - Operating Series Requirements for TDCMSP Leases
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1. **Qualification Requirements**: Operating Series leasing assets from TDCMSP Series must:
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a. Demonstrate operational capability for proper asset utilization;
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b. Maintain required insurance with TDCMSP Series named as additional insured;
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c. Follow maintenance schedules established in lease agreements;
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d. Provide monthly usage reports; and
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e. Comply with all lease terms.
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* Demonstrate operational capability for proper asset utilization
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* Maintain required insurance with TDCMSP Series named as additional insured
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* Follow maintenance schedules established in lease agreements
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* Provide monthly usage reports
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* Comply with all lease terms
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* Conduct regular inspections and provide documentation
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* Maintain qualified personnel for asset operation
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* Implement safety protocols appropriate to the assets
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* Report any damage or performance issues immediately
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2. **Operational Responsibilities**: Operating Series leasing TDCMSP assets must:
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a. Designate specific personnel responsible for asset management;
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b. Implement proper training for all personnel using assets;
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c. Establish and follow standard operating procedures;
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d. Conduct regular inspections and maintenance;
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e. Immediately report any damage or malfunction; and
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f. Properly account for lease expenses.
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* Designate specific personnel responsible for asset management
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* Implement proper training for all personnel using assets
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* Establish and follow standard operating procedures
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* Conduct regular inspections and maintenance
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* Immediately report any damage or malfunction
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* Properly account for lease expenses
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* Document all asset usage
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* Implement asset security measures
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* Return assets in specified condition upon lease termination
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* Cooperate with asset audits and assessments
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3. **Intellectual Property Compliance**:
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* Operating Series using TDCMSP intellectual property must:
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* Implement appropriate quality control measures
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* Comply with brand standards and guidelines
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* Properly mark all IP with ownership and protection notices
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* Report any known or suspected infringement
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* Maintain confidentiality of trade secrets
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* Use software and digital assets only as licensed
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* Implement employee training on IP compliance
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* Document all IP usage and revenue generation
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* Provide required royalty reports
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4. **Default and Remedy Provisions**:
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* Default on lease obligations shall trigger:
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* Written notice and cure periods as specified in the lease agreement
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* Escalation to the Company Committee if uncured
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* Potential termination of lease rights
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* Asset recovery procedures
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* Liability for any damage beyond normal wear and tear
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* Potential cross-default provisions for multiple lease agreements
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* Dispute resolution through Schedule H procedures
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#### 4.4.3 - Technology Holding Series
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1. **Purpose and Structure**: A Technology Holding Series:
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* May be established specifically for software, digital assets, and technology intellectual property
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* Shall hold technology assets developed by or for TSYS Group entities
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* Shall license such assets to appropriate Operating Series
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* May develop technology commercialization strategies
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* Shall coordinate technology protection and enforcement
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* Shall manage the technology lifecycle
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* May establish relationships with external technology partners
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2. **Technology Management Requirements**:
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* Development of formal technology roadmaps
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* Implementation of technology valuation methodologies
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* Establishment of licensing frameworks and templates
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* Security and protection protocols for digital assets
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* Version control and update management
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* Compliance with software and data regulations
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* Open source compliance monitoring
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* Technology escrow arrangements as appropriate
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* Regular technology portfolio reviews
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* Documentation of all technology assets
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3. **Licensing Structures**:
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* Internal license agreements shall include:
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* Scope of permitted use
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* Licensing fees or royalty structures
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* Maintenance and support obligations
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* Version upgrade rights
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* Customization parameters
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* Protection of source code and other sensitive assets
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* Fair market value determination methodology
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* Performance metrics and service levels if applicable
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### Section 4.5 - Cell Series Provisions
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#### 4.5.1 - Cell Series Establishment
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