Working Agreement (Services and Engagement)

This Working Agreement (the Agreement) is made on the date of its acceptance or signature (the Effective Date) between:

1. 1Bharat Atom Renewable Resources Energy Limited, a public limited company incorporated in India under the Companies Act 2013, CIN U35100PN2024PLC230800, GSTIN 27AASCM0958L1ZQ, with its registered office at RH 11, Mayfair Eleganza - II, NIBM Road, Kondhwa Kh., Pune 411048, Maharashtra, India (BARREL, including its successors and permitted assigns); and
2. 2[Counterparty legal name], a [company / LLP / firm / proprietorship / individual], [CIN/registration no.], GSTIN [GSTIN], PAN [PAN], of [Address] (the Contractor, including its successors and permitted assigns).

Recitals.

• A. BARREL designs, builds, operates and maintains renewable energy projects (EPC and turnkey delivery, engineering and consultancy, O&M and AMC, QA/QC supervision and equipment rental) and runs related digital platforms.
• B. The Contractor provides [consultancy / engineering / installation / civil / electrical / O&M / survey / testing / logistics / design / software / other] services, and wishes to work for or with BARREL on its projects.
• C. These are the standard terms on which BARREL engages the Contractor. Specific work is ordered by Work Orders or Purchase Orders that incorporate this Agreement.

Client

the owner or customer of a Project for whom BARREL carries out work, where the Contractor’s work forms part of BARREL’s contract with that Client.

Deliverables

everything the Contractor must deliver under a Work Order: completed works, installed equipment, drawings, designs, calculations, reports, data, software, as-built documents and test records.

Good Industry Practice

the skill, care, diligence, prudence and foresight that a skilled and experienced contractor would exercise in the same kind of work in India in similar circumstances, including compliance with applicable Indian Standards (BIS), IEC standards and codes of practice.

HSE Rules

BARREL’s health, safety and environment rules, site rules, permit-to-work system and emergency procedures for the Project, as given to the Contractor and updated from time to time.

Personnel

the Contractor’s employees, workers, contract labour, agents and approved subcontractors and their staff, who perform any part of the Services.

Project

the project or site named in a Work Order.

Services

the services and works described in a Work Order, including the Deliverables.

Site

any place where the Services are performed, including project land, rooftops, substations, warehouses and BARREL’s offices.

Work Order

a work order, purchase order, service order or statement of work issued by BARREL and accepted by the Contractor (in writing, by email, on a BARREL platform, or by starting work) that refers to this Agreement.

BARREL may from time to time issue Work Orders. Each Work Order will state, as relevant: the Project and Site, the scope of Services and Deliverables, specifications and drawings, the programme and milestones, the key Personnel, the fees and payment terms, retention, the defects period, insurance required, and any special conditions.

• This Agreement applies to every Work Order. If a Work Order conflicts with this Agreement, the Work Order prevails only for the specific point it expressly changes.
• The Contractor’s own quotations, terms and invoices do not apply, even if attached to an acceptance, unless BARREL accepts them in writing.
• BARREL does not guarantee any minimum volume of work. This Agreement is a framework and does not make the Contractor an exclusive supplier.
• Where the Contractor’s work forms part of BARREL’s contract with a Client, the Contractor shall perform in a way that allows BARREL to meet its obligations to the Client that the Work Order passes down (back-to-back), to the extent disclosed to the Contractor.

The Contractor is an independent contractor. Nothing in this Agreement or a Work Order creates an employment, partnership, joint venture or agency relationship between BARREL and the Contractor or any of its Personnel. The Contractor decides how to perform the Services, subject to the specifications, the HSE Rules and BARREL’s reasonable instructions on coordination, quality and safety.

The Contractor is the employer of its Personnel and is solely responsible for them, including:

• paying wages on time and not below the minimum wages notified for the area and category of work, with overtime, bonus, gratuity and leave as the law requires;
• registration and contributions under provident fund and ESI law, and compliance with the labour codes (wages, industrial relations, social security, and occupational safety, health and working conditions) and any state laws, as they are in force;
• holding a valid licence for engaging contract labour where the law requires one, and giving BARREL the information BARREL needs as principal employer to keep its own registers and returns;
• employees’ compensation insurance under the Employees’ Compensation Act 1923 or the code that replaces it;
• ensuring every worker is of legal working age, has identity verified, is paid by bank transfer where practicable, and is not forced, bonded or child labour; and
• complying with laws on equal remuneration, prevention of sexual harassment at the workplace, and inter-state migrant workers where applicable.

The Contractor shall give BARREL on request, and in any case with each monthly invoice for site labour, proof of wage payment and of PF and ESI deposits for the Personnel engaged on the Project. BARREL may withhold from the Contractor’s payments any amount it must pay as principal employer because of the Contractor’s default, and recover it from the Contractor.

Where the Contractor is an individual freelancer, the Contractor is responsible for its own taxes, insurance and social security, and is not entitled to any employee benefit from BARREL.

The Contractor shall perform the Services:

• with Good Industry Practice and in accordance with the Work Order, the specifications, approved drawings and the inspection and test plan;
• in compliance with all applicable laws, including the Electricity Act 2003, the Central Electricity Authority (Measures relating to Safety and Electric Supply) Regulations and other CEA technical standards, the National Building Code and fire safety rules where relevant, and environmental, pollution control and waste laws;
• using only qualified and competent Personnel; electrical work must be done or supervised by persons holding a valid licence or certificate of competency required by the state; work at height, confined spaces, lifting and hot work only by trained Personnel;
• using materials that are new, of the specified quality and from approved makes, unless the Work Order says otherwise; and
• with the licences, registrations and permits the Contractor needs for its trade.

BARREL may inspect and test the Services at any time. Inspection or approval does not relieve the Contractor of its responsibility for the Services.

• The Contractor shall follow the HSE Rules and the permit-to-work system; no hazardous work may start without a valid permit, a job safety analysis and a toolbox talk.
• The Contractor shall provide, and ensure its Personnel wear, suitable PPE: safety helmet, safety shoes, high-visibility clothing, gloves, eye protection, arc-rated clothing and insulated tools for electrical work, and full-body harness for work at height, as the task requires.
• The Contractor shall appoint a competent safety supervisor for the Site where the Work Order requires it, or where more than [20] of its Personnel are on Site.
• Drugs, alcohol and intoxicants are forbidden on Site. BARREL may test or refuse entry to anyone reasonably suspected of being impaired.
• The Contractor shall report every incident, injury, near miss, dangerous occurrence and environmental spill to BARREL at once and in writing within 24 hours, and cooperate in the investigation and in notifications to authorities required by law.
• The Contractor shall keep the Site tidy, segregate and dispose of waste lawfully (including e-waste, battery waste and hazardous waste), prevent pollution, and not damage trees, crops, water bodies or neighbouring property.
• Any Personnel may stop work they believe is unsafe, without penalty.

BARREL may stop the Services, wholly or partly, if it reasonably considers them unsafe. A stoppage caused by the Contractor’s breach of this clause is at the Contractor’s cost and does not give it a right to more time or money.

• The Contractor shall comply with the Site’s access, security, induction, ID-card, vehicle and visitor rules, and with any Client and landowner rules notified to it. Personnel must complete Site induction before starting work.
• Working hours on Site are as stated in the Work Order or set by the Site manager, within the limits of law. Night work, work on holidays and extended hours need the Site manager’s prior approval and, for hazardous work, a specific permit.
• The Contractor shall respect local communities, landowners and customs, and shall not hunt, cut trees, take water, or use land outside the approved Site.
• Where fees are time-based, the Contractor shall submit timesheets weekly (or as the Work Order states) through BARREL’s system or in its format, showing each person, date, hours, activity and Project. Only timesheets approved by BARREL’s representative are payable.
• The Contractor shall keep daily progress records and attendance registers and give copies on request.

The Contractor shall deliver each Deliverable by the date in the Work Order, in the format specified (for drawings, in native editable formats and PDF; for geospatial data, KML/KMZ or shapefiles; for software, source code and documentation).

1. 1BARREL will review or test a Deliverable within 10 business days of receipt (or the period in the Work Order) and either accept it or give written reasons why it does not conform.
2. 2The Contractor shall correct non-conformities at its own cost and resubmit within 7 days or the time BARREL reasonably sets.
3. 3If a Deliverable fails acceptance twice, BARREL may reject it, have it corrected by others at the Contractor’s cost, reduce the fee fairly, or terminate the Work Order for cause.
4. 4Acceptance of works on Site is by a signed completion or commissioning certificate after the tests in the Work Order. Use of a Deliverable for the Project is not acceptance if non-conformities have been notified.

Time is of the essence for the dates and milestones in a Work Order. The Contractor shall perform according to the programme, report progress as required, and notify BARREL in writing at once of any actual or likely delay, its cause and the steps taken to recover.

Extensions of time, delay damages and how delays are assessed follow BARREL’s EPC Time Policy and the Work Order. Where the Work Order sets liquidated damages for delay, the Contractor shall pay them as a genuine pre-estimate of loss under section 74 of the Indian Contract Act 1872, up to the cap in the Work Order (if none, [10]% of the Work Order value). Liquidated damages do not relieve the Contractor of the duty to complete.

The Contractor is entitled to an extension of time, but not to extra cost unless the Work Order provides otherwise, for delay caused by BARREL, the Client, a variation or force majeure, if it gave notice within 7 days of becoming aware of the cause.

BARREL may instruct changes to the scope, quantities, specifications, sequence or timing of the Services by a written variation order. The Contractor shall carry out the change and, within 7 days, submit its assessment of any effect on price and time, with supporting details.

Variations are valued at the rates in the Work Order where applicable, otherwise at fair rates agreed between the Parties. The Contractor is not paid for extra work done without a written variation order, unless urgent work was needed to protect life or property and BARREL is told at once.

BARREL shall pay the fees in the Work Order, which may be lump sum, milestone, unit rate or time-based. Unless the Work Order says otherwise:

• the fees include everything needed to perform the Services (labour, supervision, tools, consumables, travel within the Project area, PPE, insurance, overheads and profit), excluding GST;
• the Contractor invoices on achievement of a milestone or monthly for time-based work, in accordance with the Invoicing Policy, with its GSTIN, the Work Order number, a valid tax invoice (with e-invoice IRN where applicable) and supporting documents (approved timesheets, measurement sheets, completion certificates, labour compliance proof);
• BARREL pays undisputed amounts within 30 days of a valid invoice, or within 45 days where the Contractor is a registered micro or small enterprise under the Micro, Small and Medium Enterprises Development Act 2006 (whose rights under that Act are not affected);
• BARREL may withhold from each payment retention of [5]% (or the rate in the Work Order) as security for performance and defects, released half on acceptance and half at the end of the defects period, or against a bank guarantee of equal value;
• BARREL shall notify any disputed amount within 15 days of the invoice and pay the undisputed part on time; and
• payments are made only by bank transfer to the Contractor’s verified account in its own name.

Where a Work Order is back-to-back with a Client contract, it may state that payment of specified amounts depends on BARREL’s certification by the Client, but never so as to delay payment beyond what the law allows for micro and small enterprises.

BARREL reimburses only expenses that the Work Order lists as reimbursable, or that BARREL approves in writing in advance, at actual cost without mark-up, supported by original bills, and in line with BARREL’s travel and expense policy notified to the Contractor. Expense claims must be made within 60 days of being incurred.

GST is payable in addition to the fees where applicable, against a valid tax invoice. The Contractor shall file its GST returns on time and correctly, so that BARREL can claim input tax credit. If credit is denied or reversed because of the Contractor’s failure, the Contractor shall reimburse the tax, interest and penalty.

BARREL will deduct tax at source as required under the applicable provisions of the income-tax law and issue TDS certificates. Each Party bears its own income taxes. The Contractor is responsible for all taxes, duties and levies on its Personnel, tools and materials, except GST on its invoices.

The Contractor provides, at its cost, all tools, plant, testing instruments, vehicles and consumables needed for the Services, in safe working order, with valid calibration and statutory inspection certificates (for example for lifting equipment, cranes and pressure equipment), unless the Work Order says otherwise.

Where BARREL provides or rents equipment to the Contractor, the Equipment Rental Policy applies: the Contractor uses it only for the Project, operates it only with trained operators, keeps it safe, returns it in the same condition (fair wear and tear excepted) and pays for loss or damage. Materials supplied by BARREL or the Client (free-issue materials) remain their property; the Contractor receives them against a signed delivery note, stores them safely, accounts for them and returns any surplus.

All intellectual property in the Deliverables and other work product created by the Contractor or its Personnel for BARREL under a Work Order (including drawings, designs, layouts, calculations, reports, data, KML and GIS files, photographs, software and documentation) (Work Product) belongs to BARREL.

• The Contractor hereby assigns to BARREL, with effect from creation (or, if the Work Order so states, on payment), all present and future rights, title and interest in the Work Product, worldwide and for the full term of the rights, including the right to modify, adapt and sub-license. For the purposes of section 19 of the Copyright Act 1957, the assignment is worldwide, perpetual and for no further consideration than the fees. The Contractor shall procure the same assignment from its Personnel and sign any document reasonably needed to record it.
• To the extent permitted by law, the Contractor shall procure that its Personnel waive, or agree not to assert, their moral rights under section 57 of the Copyright Act 1957 against BARREL, its Clients and licensees in respect of the Work Product.
• The Contractor keeps its pre-existing know-how, tools, templates and software (Contractor Materials). If any are incorporated in the Work Product, the Contractor grants BARREL and its Clients a perpetual, irrevocable, royalty-free, non-exclusive licence to use, copy and modify them as part of the Work Product and the Project.
• The Contractor warrants that the Work Product does not infringe the rights of any third party and does not include open-source software under terms that would require disclosure of BARREL’s code, unless BARREL approves in writing.

The Contractor shall keep confidential all information it receives about BARREL, its Clients, Projects, Sites, landowners, prices and systems, and all Work Product, on the terms of the Mutual Non-Disclosure Agreement, which applies as if the Contractor had accepted it. The Contractor shall not photograph Sites or post about Projects on social media without BARREL’s approval, and shall return all documents and data at the end of the Work Order.

Where the Contractor processes personal data for BARREL (for example worker records, landowner details, Client contacts or access to BARREL OS), it does so only on BARREL’s documented instructions and for the Work Order, keeps it secure with reasonable security safeguards, does not transfer it outside India without approval, reports any personal data breach to BARREL without undue delay (and in any case within 6 hours of becoming aware of a cyber incident that BARREL must report under the CERT-In Directions of 28 April 2022), and erases or returns it when the work ends, in compliance with the Digital Personal Data Protection Act 2023 and Rules, to the extent in force. BARREL’s handling of the Contractor’s own personal data is described in its Privacy Policy.

Where the Contractor is given access to BARREL systems, it shall use only its own named accounts, keep credentials secret, follow BARREL’s access rules and acknowledge that activity is logged.

• The Contractor shall declare in writing any actual or potential conflict of interest, including any family or financial relationship with a BARREL employee, a Client, a competing bidder, a landowner or a supplier on the Project.
• The Contractor shall not offer, give, request or accept any bribe, kickback, commission, gift or other gratification to or from any BARREL employee, Client representative, public servant or landowner, in breach of the Prevention of Corruption Act 1988 or the Bharatiya Nyaya Sanhita 2023, and shall make no facilitation payment of any amount to obtain a permit, connection, inspection or clearance.
• The Contractor shall report any request for a bribe or any suspected wrongdoing to BARREL at contact@barrel.energy (subject line 'Compliance'). BARREL will not penalise a good-faith report.
• A breach of this clause is a material breach, entitling BARREL to terminate all Work Orders at once and to recover any loss.

During the Agreement and for 12 months after the last Work Order ends, the Contractor shall not solicit BARREL’s employees with whom it worked, and shall not solicit or take work directly from a Client or landowner that it met through BARREL for services that BARREL was providing or bidding to provide to that Client, on the terms of the Non-Compete, Non-Solicitation and Non-Circumvention Agreement, which applies as if the Contractor had accepted it. This does not prevent the Contractor from carrying on its trade generally.

The Contractor warrants that the Services and Deliverables will conform to the Work Order, be free from defects in design (to the extent the Contractor designed them), materials and workmanship, be fit for the purpose stated in the Work Order, and comply with law.

During the defects liability period in the Work Order (if none, 12 months from acceptance, or the Client contract’s period where it is back-to-back), the Contractor shall correct any defect notified by BARREL at its own cost, starting within 48 hours of notice (at once for a defect that affects safety or generation) and completing within the time BARREL reasonably sets. If it does not, BARREL may correct the defect itself or through others and recover the cost from the Contractor, including from retention. Corrected work carries a fresh defects period of 12 months, up to an overall maximum of [24] months.

The Contractor shall pass to BARREL the benefit of all manufacturers’ warranties for materials it supplies.

The Contractor shall indemnify and hold harmless BARREL, its Clients and their officers and employees against all losses, damages, penalties, costs and reasonable legal fees arising from:

• death of or injury to any person, or loss of or damage to property, caused by the Contractor or its Personnel;
• any claim by the Contractor’s Personnel, or by any authority about them, including for wages, PF, ESI, compensation or other labour-law dues;
• breach of law, including tax, safety, environmental and anti-bribery law, by the Contractor or its Personnel;
• infringement of third-party rights by the Work Product or Contractor Materials; and
• breach of the confidentiality and data protection clause.

To the extent permitted by law: (a) neither Party is liable for indirect or consequential loss, or for loss of profit, revenue or business, except that liquidated damages and amounts BARREL must pay its Client because of the Contractor’s breach (as disclosed in the Work Order) are recoverable; and (b) each Party’s total liability under a Work Order is limited to [100]% of the Work Order value, or the higher cap the Work Order sets.

The exclusion and cap do not apply to liability for fraud, wilful misconduct or gross negligence, death or personal injury, abandonment of the work, breach of confidentiality, data protection, anti-bribery or labour-law obligations, infringement of intellectual property, or the indemnities in this clause, or to any liability that cannot be limited by law.

The Contractor shall take out and maintain, from the start of work until the end of the defects period, with insurers registered in India, at least the following, and produce certificates before starting work and on request:

Where BARREL or the Client arranges a project policy, the Contractor shall comply with its terms and bear deductibles for claims caused by it. Insurance does not limit the Contractor’s liability.

The Contractor shall not subcontract any part of the Services, or assign or transfer this Agreement or a Work Order, without BARREL’s prior written consent. If consent is given, the Contractor remains fully responsible for its subcontractors, shall flow down the obligations of this Agreement (including HSE, labour compliance, confidentiality and IP) to them, and shall not change approved key Personnel without BARREL’s consent.

BARREL may assign or novate this Agreement or a Work Order to an Affiliate, a Project SPV or the Client on notice.

The Contractor shall keep complete records of the Services, Personnel, wages, statutory deposits, timesheets, materials and costs for 8 years, or longer where the law requires. BARREL, the Client or their auditors may inspect and copy those records, and audit the Contractor’s compliance with this Agreement, on 5 business days’ notice (or without notice where fraud, safety or labour violations are suspected). Overpayments found are refunded within 15 days.

Suspension. BARREL may suspend all or part of the Services by notice. The Contractor shall protect the work during suspension. If the suspension is not due to the Contractor’s default, it is entitled to reasonable demobilisation, standby and remobilisation costs approved by BARREL and an extension of time.

Termination for convenience. BARREL may terminate this Agreement or a Work Order on 15 days’ notice (or the period in the Work Order). It pays for Services properly performed up to termination, and reasonable unavoidable costs of demobilisation and of materials ordered for the Work Order, but not loss of profit on the unperformed work. The Contractor may terminate this Agreement (but not an open Work Order) on 60 days’ notice.

Termination for cause. BARREL may terminate this Agreement or any Work Order at once by notice if the Contractor:

• commits a serious breach of the HSE Rules, the anti-bribery clause, labour-law obligations or confidentiality;
• fails to remedy any other material breach within 7 days of notice;
• abandons the work, persistently delays it, or repeatedly fails acceptance;
• becomes insolvent or is subject to insolvency proceedings; or
• gave false information in its registration or KYC.

On termination for cause, BARREL may complete the Services itself or through others, and recover from the Contractor the extra cost of completion, after crediting the value of work properly performed and not yet paid. The Contractor may terminate a Work Order if BARREL fails to pay an undisputed amount within 30 days after a notice of non-payment.

On completion or termination of a Work Order, the Contractor shall promptly:

1. 1hand over all Deliverables, work in progress, drawings, as-built documents, test records, data, passwords and access credentials set up for the Project;
2. 2return BARREL’s and the Client’s equipment, free-issue materials, ID cards, keys and documents;
3. 3clear the Site of its Personnel, tools, surplus materials and waste, and leave it safe and clean;
4. 4give a final statement of account and the labour clearance (proof that all wages and statutory dues of its Personnel for the Project are paid); and
5. 5cooperate in an orderly transfer to BARREL or a replacement contractor.

Final payment and release of retention depend on completion of handover.

Neither Party is liable for delay or failure caused by events beyond its reasonable control, such as natural disasters, extreme weather beyond the seasonal norm, epidemics, war, riots, government action or a general strike (but not a strike of the Contractor’s own Personnel, lack of labour or materials that a prudent contractor would have secured, or lack of funds), provided it notifies the other within 7 days, mitigates, and resumes as soon as possible. The affected Party is entitled to an extension of time but not to extra payment. If the event continues for more than 60 days, either Party may terminate the affected Work Order on notice, with payment for work properly performed.

This Agreement starts on the Effective Date and continues for [Term] (if blank, 3 years), and in any case until all Work Orders issued under it are complete, unless terminated earlier. Clauses that by their nature survive (including intellectual property, confidentiality, warranties and defects, liability and indemnity, insurance until the end of the defects period, audit, and disputes) survive termination.

This Agreement and every Work Order are governed by the laws of India.

Site-level disagreements shall first be raised with the Site manager and, if unresolved within 7 days, with the project heads of both Parties. Any dispute not settled within 30 days of a written notice of dispute shall be finally resolved by arbitration under the Arbitration and Conciliation Act 1996 by a sole arbitrator appointed by agreement or, failing agreement within 30 days, under that Act. The seat and venue is Pune, Maharashtra, and the language is English. The Contractor shall continue to perform the Services while a dispute is pending, unless the Work Order is terminated.

Subject to arbitration, the courts at Pune, Maharashtra have exclusive jurisdiction. Either Party may seek urgent interim relief from a competent court. Rights of a micro or small enterprise before the Micro and Small Enterprises Facilitation Council, and of workers before labour authorities, are not affected.

Notices must be in writing in English and delivered by hand, courier, registered post or email to BARREL at RH 11, Mayfair Eleganza - II, NIBM Road, Kondhwa Kh., Pune 411048, Maharashtra, India, contact@barrel.energy (attention: Projects), with a copy to the Site manager named in the Work Order, and to the Contractor at [Address], [Email] (attention: [Name and designation]). A notice is received on delivery, on the third business day after posting, or when an email is sent without an error message (the next business day if sent after 6 pm IST or on a non-business day). Day-to-day instructions may be given on Site in writing or through BARREL’s project systems (BARREL PIP or the Project Manager).

• Entire agreement and order of precedence. This Agreement and the Work Orders are the entire agreement on their subject. In case of conflict: the specific special conditions of the Work Order; then this Agreement; then the policies it refers to.
• Amendment and waiver. Changes must be in writing and signed or accepted electronically by both Parties. A delay in enforcing a right is not a waiver.
• Set-off. BARREL may set off amounts the Contractor owes it under any Work Order against amounts it owes the Contractor.
• Severability. An invalid provision is read down or severed to the minimum extent, and the rest continues.
• Counterparts and electronic signature. This Agreement and Work Orders may be executed in counterparts and by electronic signature or click-through acceptance, valid under sections 5 and 10A of the Information Technology Act 2000.
• Stamp duty. Any stamp duty is borne [by the Contractor / by the Parties equally].
• Changes to this model. BARREL may update the model published on its website. An update applies to Work Orders issued after the Contractor is notified of it, not to Work Orders already accepted, unless both Parties agree.

Grievance Officer: the person designated by BARREL from time to time, reachable at contact@barrel.energy (subject line 'Grievance') and +91 90755 77366, RH 11, Mayfair Eleganza - II, NIBM Road, Kondhwa Kh., Pune 411048, Maharashtra, India. Acknowledgement within 24 hours, resolution within 15 days or any shorter time the law sets.

This Agreement may be accepted in one of two ways:

1. 1Online acceptance. When the Contractor registers as a service provider or accepts a Work Order on BARREL’s website or a platform, it accepts this Agreement by ticking the acceptance box and submitting after verifying its mobile number or email by one-time password. The person accepting confirms that they are authorised to bind the Contractor. BARREL keeps a record of the acceptance (name, organisation, contact, date and time, IP address and version) as an electronic record. Acceptance of a Work Order that refers to this Agreement, or starting work under one, also confirms acceptance.
2. 2Signature. The Parties sign this Agreement, in ink or electronically.

Model version 1.0, effective 10 November 2026.