OFFICIAL

RULES FOR THE ACE MANAGER COMPETITION

Article 1: Organising company

BNP Paribas, a public limited company (socit anonyme) with share capital of EUR
2.507.455.130 registered in the Paris Trade and Companies Register under number 662 042
449, having its registered office at 16, boulevard des Italiens, 75009 Paris France
(hereinafter the Organising Company) is organising, between 15 October 2014, 10:00 am
(Coordinated Universal Time, hereinafter CUT.) and 1st July 2015 (this date is indicative
only and remains subject to change), a competition entitled BNP Paribas ACE MANAGER
(hereinafter ACE MANAGER or the Competition) for the seventh year running and
accessible using the website published by the Organising Company and available at
www.acemanager.bnpparibas.com (hereinafter the Website).


Article 2: Presentation of the Competition

The Competition is reserved for Undergraduate and Graduate students (1st, 2nd, 3rd and
subsequent years) enrolled in a school of higher education or a university and who are under
26 years of age as of 02 April 2015 at 09:59 CUT time for session 1 and 22 May 2015 at 09:59
CUT time for session 2 (Now students who participate to both sessions have to be under 26
years of age only at the first end registration the 02 April 2015 at 09:59 a.m CUT). This
Competition is based on an interactive economic simulation of the bank's activities.

The Competition will be entirely in English.

The Competition will take place in 2 sessions of 2 stages each and one final:

Session 1 / Stage 1: Registration (15 October 2014 at 10:00 a.m CUT time 02 April
2015 at 09:59 a.m CUT time)

Session 1 / Stage 2: Competition (10 April 2015 at 10:00 a.m CUT time 27 April
2015 at 00:00 CUT time)

Session 2 / Stage 1: Registration (02 April 2015 at 10:00 a.m CUT time 22 May 2015
at 10:00 a.m CUT time)

Session 2 / Stage 2: Competition (01 June 2015 at 10:00 a.m CUT time 16 June 2015
at 00:00 CUT time)

Final: 1st July 2015 the date is indicative only and remains subject to change
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The above dates and times are mentioned for information only and will be confirmed at a
later date.

After their registration, participants (hereinafter the Participant or the Participants),
grouped together into teams (hereinafter the Team or the Teams), will operate in a
competitive environment and will have to resolve different Case studies (hereafter Case (s)
or Financial Case(s)), given that the appropriateness of their decisions will enable them to
accumulate points (hereinafter Aces).

The aim of the Competition is to obtain a maximum number of Aces to ensure that ones
team qualifies for the international final (hereinafter the Final) which will take place on 1st
july 2015 (indicative date) online (notably by means of a videoconference) and during which
the ten (10) finalist Teams (the Teams having obtained the maximum number of Aces
whatever the session they played) will be given their final ranking.

The Results of the Final will be posted on the Website seventy-two (72) hours after the Final.

The participation to the Competition is open to every student aged of less than 26 years. For
the first session, end of registration is 02 April 2015 at 09:59 a.m CUT time and, for session 2,
end of registration is 22 May 2015 at 10:00 a.m CUT (now students who participate to both
sessions have to be under 26 years of age only at the first end registration the 02 April 2015
at 09:59 a.m CUT). Players, who are more than 26 years old on 02 April 2015 at 09:59 a.m
CUT time for session 1 or more than 26 years old on 22 May 2015 at 09:59 a.m CUT for
session 2 (now students who participate to both sessions have to be under 26 years of age
only at the first end registration the 02 April 2015 at 09:59 a.m CUT) and/or who is not part
of a team made up of three (3) Participants, may operate in the same environment as teams
participating in the Competition. However such teams are ineligible to participate in the
Competition and cannot be qualified for the Final.

Article 3: Participation terms and conditions

The Competition is open to any Undergraduate or Graduate students (1st, 2nd, 3rd and
subsequent years) enrolled in a school of higher education or a university and under 26
years of age on the day of 02 April 2015 at 09:59 a.m CUT time for session 1, and 22 May
2015 at 09:59 a.m CUT for session 2 (now students who participate to both sessions have to
be under 26 years of age only at the first end registration the 02 April 2015 at 09:59 a.M
CUT). This age restriction is set in order to ensure the homogeneity of preparation of the
Participants.

Any individual meeting the above terms and conditions may participate in the Competition,
irrespective of their nationality and the school or university in which they are enrolled.
It is hereby expressly agreed that members of the Finalist Teams in the previous six BNP
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Paribas ACE MANAGER competitions may not qualify for the Final.

Any student, who, because of his / her lack of legal competence, is unable to participate in
the Competition without the consent of his/her parents or legal guardian must obtain such
consent prior to registration. The Organising Company reserves the right to request, at any
time, proof of consent from the parents or legal representative and to disqualify any
Participant who is unable to produce such a proof.

It is hereby expressly agreed that employees, apprentices and trainees of the Organising
Company, including its subsidiaries, may not participate in the Competition.


Students being recruited by the Organising Company or by a third party to the Organising
Company and its subsidiaries for a job, an apprenticeship or a training period, and who have
participated in the creation or the testing of Case Studies may not participate in the
Competition.

It is hereby expressly agreed that any student registered for the competition who is
definitively recruited for a fixed or unspecified period during the Competition will be
automatically disqualified. In this respect, the Participant undertakes to inform the
Organising Company of any employee relationship that they may contract during the
Competition.

Participation in the Competition is subject to express, prior and online acceptance of the
present Competition rules by the Participant.

Participation in the Competition shall in no way be considered as resulting in a contractual
relationship between the Participant, the Team and the Organising Company and under no
circumstances result in an employee relationship.

Apart from the cost of an Internet connection, participation in the Competition requires no
financial participation or purchasing obligation.


Article 4: Registering for the Competition


Article 4.1. Registration procedure

To participate in the Competition, students meeting the participation terms and conditions
specified in Article 3 of the present rules must connect to the Website between 15 October
2014 at 10:00 a.m CUT time and 02 April 2015 before 09:59 a.m CUT time in order to
proceed with the online registration of session 1, and between 02 April 2015 at 10:00 a.m
CUT time and 22 May 2015 before 10:00 a.m CUT time in order to proceed with the online
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registration of session 2.

Students have two registration options:

a) Standard registration:
This registration procedure is accessible from the Websites home page. When students
activate the Register Now button they are asked to fill in various mandatory information in
order to participate in the Competition: surname, forename, gender, date of birth,
nationality, country of residence, branch, level of studies and university (or school of higher
education) in which they are enrolled. A valid e-mail address will be requested and will
subsequently be used for each connection in order to connect to the Website. The Internet
user must also enter a password that will be used in addition to their email address in order
to proceed with their identification on the Website.

All the data given by the Internet user willing to participate in the registration form are likely
to be checked by the Organizing Company. Any erroneous information can lead to the
disqualification of the concerned student.

b) Registration via Facebook Connect:
If the student has a Facebook account, he/she can also access the registration area using
their password and Facebook login by clicking, from the Websites home page, and on the
Connect with Facebook button allowing connection via the Facebook Connect
application. By using this registration medium, the student can import personal data from
his/her Facebook account (profile information, photos, surname, forename, friends, etc.)
which, in the case of some of them, will be transcribed to the registration form. Registration
via Facebook Connect will also enable students to interact with their Facebook friends
within the Website.
By using the Facebook Connect application to register and participate in the Competition,
the student may allow the Organising Company, if he/she wishes and expressly agrees, to
publish in his/her Facebook profile information related to his/her activity as part of his/her
participation in the Competition.

c) Other registration provisions
At the end of the registration process (standard registration or via Facebook Connect)
and after having filled in the mandatory information, the student is required, in order to
submit his/her final participation application, to read and expressly agree to the present
rules by ticking the box I agree on the page confirm that you have read Ace Managers
Official rules and that you agree with them.

Before validating his/her registration, the student will also be able to agree to BNP Paribas
and its entities around the world using their personal data for recruitment purposes by
ticking the box I agree to BNP Paribas transmitting my personal data to its entities around
the world for recruitment purposes, on the understanding that the students agreement to
this use of his/her personal data is optional and has no impact on the students participation
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in the Competition. Where a student has agreed to the use of his/her personal data for
recruitment purposes, he/she may, at any time, request that this personal data is no longer
used
by
sending
a
request
to
the
following
email
address:
paris_mcq_acemanager@bnpparibas.com

Once the registration done under the process above-written, the registration application will
be processed by the Organising Company (and/or its subcontractors) and an email
confirming acknowledgement of the registration will be sent to the email address indicated
by the student on the registration form. Once this confirmation email has been received, the
student will be considered to be a Participant (hereinafter the Participant(s)).

Moreover, it is hereby expressly agreed that once identified and registered, the Participant
may, at any time during the Competition registration phase (i.e. between 15 October 2014 at
10:00 a.m CUT time and 02 April 2015 before 09:59 a.m CUT time for session 1, and between
02 April 2015 at 10:00 a.m CUT time and 22 May 2015 before 10:00 a.m CUT time for session
2), amend the information communicated at the time of registration.

It is hereby expressly agreed that each student can participate to both sessions but may only
register for the Competition once for each session. Creating several Participant accounts
using a different identity is expressly prohibited. If he/she does, the Participant would be
automatically disqualified and could not, under no circumstances, be declared a winner at
the end of the Competition and entitled to any prize.

As part of the Competition registration process, the student may also, and on an optional
basis, indicate additional information on his geographical location (country, town...), his area
of interest, hobbies, and provide a short presentation about himself on the registration
form. It is hereby expressly agreed that the provision or otherwise of this optional
information will have no impact on the students participation.

In addition, the Internet user will be able, on a purely optional basis, to inform in the
registration form, his portable phone number. He/she may receive sms alerts related to one
or more Cases. It is expressly expected that in order to ensure an actual equality between
the Participants, those that will not have indicated their phone number will receive the same
alerts by e-mail at the address mentioned in the registration form and this at the same time.
It is expressly agreed that the phone numbers will be only used within the framework of the
Competition with the exception of any other custom.

The Organizing Company cannot be held responsible for the troubles involved by the
Internet service provider and/or the mobile telephone operator, as for the incompatibility
with the material resources (e-mail box, telephone, computer) of the student.

To verify the accuracy of the information provided by a Participant, the Organising Company
may request a copy of his identity card and/or student card. Similarly, it is hereby expressly
agreed that the Organising Company will request the members of the ten (10) Finalist Teams
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to provide proof of school attendance with certification of authenticity by the university or
school of higher education, before the Final takes place.


Article 4.2. Identification

Once registration has been acknowledged by the Organising Company (Article 4.1. of the
present rules), Participants can access the Website by identifying themselves by entering the
email address and password defined at the time of registration, if standard registration
was chosen.

Participants registering via the Facebook Connect application can reach the Website by
entering, on a page published by Facebook and generated by activating the Connect with
Facebook button, the identifier and password used to connect to their Facebook profile.

Students accessing through the Website via a standard account can transfer to a Facebook
Connect account by the achievement of operations (activation of Connect with Facebook )
which will allow them to finalise their registration and/or their participation in the
Competition via Facebook Connect. However, it is not possible for the Participants
registered via a Facebook Connect account to modify their registration and transfer to a
standard account.


Article 4.3. Formation of teams

After identification, the Participant will be asked to create or join a Team which must be
made up of three (3) Participants on the 02 April 2015 09:59 a.m CUT time (session 1) or 22
May 2015 10:00 a.m (session 2) in order to compete in the second stage of the Competition,
the competition stage, which will take place from the 10 April 2015, 10:00 a.m CUT time to
the 27 April 2015, 00:00 CUT time for session 1 and from 01 June 2015, 10:00 a.m CUT time
to the 16 June 2015, 00:00 CUT time for session 2.


4.3.1. Creating a Team

Once identified, Participants wishing to create a Team may do so by activating the Create a
team button designed specifically for this purpose. They will then be redirected to a page
on the Website enabling them to enter the name they wish to give their team as well as a
short presentation of their team. Each Team must be made up of three (3) players on 02
April 2015 at 09:59 a.m CUT time for session 1, or 22 May 2015 at 10:00 a.m CUT time for
session 2, for it to be complete and participate in the competition phase. In order to
complete their teams, Participants can use the Websites search engine to find available
players and invite them to join their team.
As indicated in article 4.3.2 of this rules, the Participant who dont want to be the leader by
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creating a team can send a request to the leader of an incomplete Team in order to join this
one.

The Organising Company reserves the discretionary right to request Participants who have
created a Team to change the name and presentation of the Team if it considers these to be
in bad taste or contrary to the spirit of the Competition.

Once the request to create a Team has been validated by the Organising Company (or its
subcontractor), the Team will be included in the database of Teams registered for the
Competition.

Participants who have created a team will automatically have the title of Team leader
(hereinafter the Leader.).

Participants having the title of Leader have administrative rights for their Team during the
registration phase enabling them to:

- accept or reject the application of a Participant wishing to join the Team, of which
they are the Leader,
- modify the images associated with the Team of which they are the Leader,
- write a presentation of the Team of which they are the Leader,
- withdraw the Team of which they are the Leader. In this scenario, a confirmation
notice will be sent to the Participants who are members of the Team concerned.


4.3.2. Joining a Team

Participants have the possibility of addressing a request to the Leader of an incomplete
Team to join this Team already created and which would not consist of three (3)
Participants. In order to find teams not consisting of three (3) Participants, Participants have
access to a dedicated search engine as well as a list of Teams suggested by the Website.

By activating the Apply button, available on the description of the Team which he/she
wishes to join, the identified Participant make application to join the Team concerned. A
message is automatically sent to the Team Leader informing him/her of the request. The
Team Leader can then consult the profile of the candidate wishing to join the Team and
discretionary decide to accept or reject the application.
As soon as the Team Leader has validated or rejected the application of a Participant, the
latter will receive a notification directly in the Websites integrated mailbox informing
him/her that their application has been accepted/rejected. In the event of a rejection, the
Participant can make another application to the same Team or any other incomplete Team
of his/her choice.

Once informed of the acceptance of his/her application by the Team Leader concerned, the
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Participant can join the Team by registering, by return invitation, with the Team that has
accepted his/her application.

Once he/she has registered with one of the Teams that have accepted his/her application,
the Participant can no longer register with another Team, subject to the provisions of Article
4.3.4. of the present rules.


4.3.3. Incomplete team

Any incomplete team, i.e. consisting of less than three (3) players at the end of the
registration period (i.e. 02 April 2015 at 09:59 a.m CUT time for session 1 and 22 May 2015
at 10:00 a.m for session 2) will not be able to participate in the official Competition and will
not have a chance to qualify for the Final.
Nevertheless, the Organising Company will allow members of incomplete Teams to follow
the Competition by enabling each of them, on an individual basis, to view and operate in the
same environment as that experienced by the Teams selected for the competition phase.
It is hereby expressly agreed that this option offered by the Organising Company will have
no impact on the operation of the Competition, which will only take account of the results of
Teams consisting of three (3) players on 02 April 2015 at 09:59 a.m CUT time for session 1,
or 22 May 2015 at 10:00 a.m CUT time for session 2, and it will not result in the awarding or
the claiming of any prize for an incomplete Team or one or more of its members. Moreover,
it is hereby agreed that these incomplete Teams and their members will not be included in
the Competitions general ranking.
This option, with the above-mentioned consequences, will also be offered to participants
that did not join or create a Team during the registration period.


4.3.4. Other provisions

It is hereby reiterated that each Participant may only be a member of one Team and that
creating several accounts using a different identity in order to join several Teams is
absolutely prohibited.

During the registration phase, i.e. between 15 October 2014 at 10:00 a.m CUT time and 02
April 2015 at 09:59 a.m CUT time for session 1 and between 02 April 2015 at 10:00 a.m CUT
time and 22 May 2015 at 10:00 a.m CUT time for session 2 (and only during these phases),
each Participant and Team member may, if they wish, leave their Team. However, it is not
possible for a Team member or for the Team Leader to exclude another Participant member
of the Team.

Following the withdrawal of a Participant from a Team he/she applied to join, the Team will
be included on the list of already created and incomplete Teams.
The Participant who has left the Team will remain registered as a Participant and will have
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the option of creating a Team or applying to one of the Teams on the list of already created
and incomplete Teams.
It is hereby expressly agreed that at the end of the registration phase, i.e. 02 April 2015 at
09:59 a. m CUT time for session 1 and 22 May 2015 at 10:00 a.m for session 2, Participants
will not be able to join a Team or change Team.
Participants who are not a member of a Team of three (3) participants at the end of the
registration phase will not therefore be able to participate in the Competition.


Article 5: Selection of Teams participating in the competition phase

All Teams which, on 02 April 2015 at 09:59 a.m CUT time for session 1 and 22 May 2015 at
10:00 a.m for session 2, consist of three (3) Participants meeting the participation terms and
conditions specified in Article 3 of the present rules may compete in the Competitions
competition phase, which will take place between 10 April 2015 at 10:00 a.m CUT time and
27 April 2015 at 00:00 CUT time for session 1 and between 01 June 2015 at 10:00 a.m CUT
time and 16 June 2015 at 00:00 CUT time for session 2 (hereinafter the Qualified Team(s)).

As indicated in Article 4.3.3. of the present rules, Participants who, at the end of the
registration phase, i.e. on 02 April 2015 at 09:59 am CUT time for session 1 and on 22 May
2015 at 10:00 am CUT time for session 2, are not part of a Team consisting of three
members cannot participate in the Competition.

Similarly and in accordance with the provisions of Article 3 of the present rules relating to
the participation terms and conditions, if a Participant of the same Team was recruited
definitively for a fixed or unspecified period (independently of the existence of a trial period)
during the competition phase or the Final, or for any other reason, the disqualification of the
Participant would not lead to the disqualification of the Team which must, in any event,
consist of at least two (2) Participants.

Any team which, for whatever reason, finds itself consisting of only one (1) Participant
during the Final shall be definitively disqualified.


Article 6: Organisation of the competition phase

The competition phase will take place between 10 April 2015 at 10:00 a.m CUT time and 27
April 2015 at 00:00 CUT time for session 1 and between 1st June 2015 at 10:00 a.m CUT time
and 16 June 2015 at 00:00 CUT time for session 2.

It is expressly expected that the dates and schedules indicated above are likely to be
modified later on. In such an assumption, the Organizing Company will take all the necessary
measures to the perfect information of the Participants and opposability of the aforesaid
modifications.
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Each Participant of the Qualified Teams meeting the aforementioned terms and conditions
will receive an email sent by the Organising Company (or its subcontractor) between 02 April
2015 and 10 April 2015 included for session 1 and between 22 May 2015 and 1st June 2015
included for session 2, informing them of the start of the Competitions competition phase.

In order to participate in the competition phase, Participants of the Qualified Teams must
connect to the Website and access the section dedicated to the competition phase as from
10 April 2015 at 10:00 a.m CUT time to 27 April at 00:00 a.m CUT time for session 1, and 1st
June 2015 at 10:00 a.m CUT time to 16 June 2015 at 00:00 a.m CUT time for session 2.
After identification, Participants can access the area dedicated to their Team and inform it of
the number of Aces their Team holds.


1/ Awarding of teams' starting capital

At the start of the Competition, each Qualified Team will benefit from the same starting
capital of 100,000 Aces, which is the legal tender in Universe City (virtual environment of the
Competition).

The teams receive a bonus of 500 Aces (added to the starting capital) if at least two (2)
Participants members of the Team who have registered for the Competition are students of
different nationalities.

Each team can only receive this 500 Ace bonus once per session.


2/ Awarding of points for resolving each Case study through the Inquiries

During the competition phase, the Qualified Teams will be given 7 Case studies to be
resolved for each session, representing the Organising Company's three fields of activity:
Corporate and Investment Banking, Investment Solutions and Retail Banking.

These Case studies are simulated assignments through which the Qualified Teams are put in
the situation of a banking professional responsible for conducting case studies and must
make decisions enabling them to work their way through the simulation.

The case studies take the form of inquiries (Inquiry (ies)).

Each main Inquiry has a start date and an end date and is itself made up of different
activities and actions whose assessment will affect the Qualified Team's results according to
the relevance of the answers and the solutions given.
The validity period (a start date and an end date) of these Inquiries will be announced from
the first day of the Competition's phase in the Participant's schedule, which can be accessed
through the "Manager" operating system. It is expressly agreed that the one or several parts
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of a Case might appear during the case.

By clicking on the Inquiry of their choice, the Qualified Teams may access all of the
information about the Inquiry and the schedule of the case to be resolved, enabling them to
indicate the answers that they want to give to the questions asked and submit them for
scoring by the Competition server.

During this competition phase, information and questions will be communicated to the
Qualified Team daily, for each Inquiry, in the area dedicated to these teams.
Depending on the pertinence of the decisions made by the Qualified Teams and of their
answers to the various components of the Inquiry, they will be awarded a certain number of
Aces and can thus increase the level of their initial Ace capital.

If information or a question in each Inquiry, is valid or requires an answer within a given time
period, which will be communicated to the Qualified Team, the latter will no longer be able
to access this information or answer the question after this time. Each Inquiry is made up of
activities that each have an impact on the Qualified Team's Ace capital and includes:


(i) Information management activities:

For each Inquiry, the Qualified Teams must familiarise themselves with the information
disseminated within the Competition environment in various forms. The information useful
for resolving the cases submitted may be split between the following media, although not all
of the media are systematically used in each Inquiry:

- "Incoming" emails can be consulted through the Competition email system.

- "Outgoing" emails can be consulted through the Competition email system.

- The "schedule, which can be consulted in the Competition interface.

- The "newspapers": documents in the buildings other decors accessible through the main
view of Universe City, which is the Competition's virtual environment

- The "technical documents": dispersed in the buildings and other decors accessible through
the main view of Universe City, which is the Competition's virtual environment

- The "simple interviews", which are animated videos of non-player characters (accessible as
an overlay and/or dispersed in the buildings accessible through the main view of Universe
City, which is the Competition's virtual environment)

- The "interactive interviews", where Teams can ask a choice of predetermined questions to
the non-player characters (dispersed in the buildings accessible through the main view of
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Universe City, which is the Competition's virtual environment.)

All this information can be freely accessed free of charge and does not cost the Qualified
Teams any Aces, except for "interactive interviews", which follow a specific points system.

- The player within a Qualified Team who launches and conducts the interview first can do so
freely.

- If, on the other hand, one or several other members of the Qualified Team want to conduct
this interview again and ask the non-player character different questions, this new interview
of the same non-player character will cost the team a number of Aces, as described in
Scoring rules document provided within the Competition environment and located in the
Helpcenter section of the website. Each time the interview is launched again, the same
cost in number of Aces will be charged and added to the previous cost.

To make the work of the Qualified Teams easier, the information gathered within the
Competition's virtual environment, through interactions with characters and/or objects, will
be archived in the Manager" operating system (a database for archiving documents
collected during the course of the competition that may be consulted at any time by any
participant from the platform's welcome page) enabling each team member to access this
information from a single access point.

Not all of the Competition information is necessarily useful to the Inquiry. Red herrings may
also be inserted into some information. The Qualified Teams must therefore assess the
relevance of each piece of information and decide whether or not to use it to resolve the
case.




(ii) Inquiry management activities

An Inquiry may be resolved once the Inquiry to which it is linked has been launched.

An Inquiry or one of the parts of which it is composed, must be resolved by a single
Participant belonging to a Qualified Team. Once the results seized, the latter can be
safeguarded as a draft. In this case, the results will be accessible to the other Participants
who are members of the Qualified Team for rereading and changes.
It is possible to modify the Cases submitted but only before the time registered in the
schedule.
Once this period exceeded, it will not be possible anymore to open an Inquiry came to its
end nor to submit an answer to the aforementioned Inquiry.

If the players do not submit a saved draft, it will be submitted automatically by the system
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once the deadline is passed.

During the submission of the answers within each Inquiry, the Organizing Company could
not be held responsible for, notably, the dysfunctions that can affect the Internet network,
any problem of configuration or due to a browser.
Each Inquiry includes one or several questions enabling the assessment of each Qualified
Team's level of knowledge and understanding of the issues presented during the
Competition.

All the resources and tools required to resolve each Inquiry (except for a calculator,
Microsoft Excel and the Participants' mathematical and economic expertise) can be found
in the information contained under the Competition environment's various sections.

Each Inquiry may only be resolved within a defined period explicitly indicated to the
Qualified Team. The Qualified Teams will be able to reach, 24 hours after the end of the
Inquiry, with the official results presenting the solutions as well as the instructive
explanations.

The Inquiry and its various components may bring each Qualified Team a maximum number
of Aces explicitly stated on the page presenting the Inquiry or the questions of which it is
composed.

Each Inquiry is classified according to the level of difficulty of the different parts of which the
former is composed. The higher the level of difficulty, the larger the number of Aces in play,
as explicitly stated on the page presenting the Case.

As previously explained, each Inquiry consists of one or several questions which the
Qualified Team takes a position on using the interactive method suggested for answering
them (multiple-choice questions, drag and drop, fill in the blank exercises or other simple
interactive methods). For all of these interactive methods, except for the fill in the blank
exercises, the answers given by the Teams are either right (1 point awarded) or wrong (0
points awarded).

For exercises whose answer must be given in figures, in order to avoid any risk of
interpretation of the number of figures expected after the comma and their rounding rules,
which are interpretations that could be prejudicial to the Qualified Teams, note that:

- The format of the correct answers will be restricted and will be communicated to the
players on the scoring document available in the Helpcenter.
- The calculation of the points awarded will depend on two types of error margins, which are
described in detail below. In particular, these margins are calculated taking into account
different calculators/spreadsheets methods that could be use by the players to find the
numerical answers. It remains however clear that, in the process of solving a complex
numerical problem, all decimal points need to be used and carried forward until the final
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result is obtained (unless differently stated in the business Case. The error margins will vary
from case to case and the details will be made available on the scoring rules document
available in the Helpcenter.

For these exercises, the following rules will be applied when awarding points:
- 100% of the points if an answer given by the Team that is within the first margin of error as
described in the scoring rules document,
- 90% of the points if an answer given by the Team that is within the second margin of error;
- 0% of the points if an answer given by the Team that exceeds the said margins of error.

All the points awarded will be totalled up for comparison against the sum of the potential
points, which will be used to calculate the correct response rate for each part of a Case,
which, when applied to the number of points in play for each part, will lead to Aces being
awarded according to the number of Aces in play.
The Organising Company would like to draw the Participants' attention to the fact that,
during the Competition phase, each Participant within the same team may make decisions
and act on behalf of their Qualified Team.

The various Participants within the same Qualified Team are therefore jointly responsible for
the decisions made by one of the Participants belonging to the Team and their
consequences in terms of increasing or decreasing the number of Aces held by the Qualified
Team.


(iii) The awarding of points linked to continued excellence criteria:

Under a reward system, the Qualified Teams will also receive one or more bonuses linked to
the successful and consecutive completion (100%) of at least two (2) Inquiries.

Within the context of the Competition, this reward system is known as the "combo".

The "combos" obtained are totalled up.

The final table of points awarded according to the number of main inquiries completed
successfully and successively will be communicated to the Qualified Team at the start of the
Competition phase in the form of a "Scoring rules" document, which can be accessed in the
Helpcenter section of the website.


3/ Other evaluation factors excluding the awarding of points:

During the Competition phase, and separate from the point awarding system, other factors
may enable the Qualified Teams' Participants to obtain medals, on the understanding that
the latter will have no effect on the total score in Aces that alone determines the final
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ranking of the Competition phase.


These medals are as follows:

All of the Qualified Team Participants' actions during the Competition phase are recorded by
the information system's back office.
A different medal will be awarded to the Participants after each Case study according to
their result as follows:

- 100% success rate: gold medal
- 90% to 99% success rate: silver medal
- 80% to 89% success rate: bronze medal

The medals accumulated during the Competition can be seen by the community in the
Qualified Team's public page and in "Manager". In the case of Participants who have
registered through Facebook Connect, these trophies will be published on the Participant's
wall if they choose to do so by clicking on the Facebook button from their game logbook.

It is expressly agreed, however, that these trophies are purely virtual and will not lead to the
awarding of any prizes or additional Aces.


4/ End of the Competition phase and ranking

At the end of the Competition phases, in other words on 16 June 2015 at 00:00 CUT time,
there will be a general ranking of the Qualified Teams according to the number of Aces
obtained (balance of the number of Aces obtained as bonuses and for the results of the main
inquiries) by them (hereinafter the "Score") for the 2 sessions together.
This ranking will be in decreasing order of Scores, from the highest to the lowest.
If there is a tie, a choice will be made between the tied Qualified Teams based on the
number of cases in which the team has obtained 100% Aces. For example, if there is a tie
between team A and team B, and team A has scored 100% in three (3) Cases while team B
has scored 100% in four (4) cases, team B will precede in the ranking. If the tie persists, a
choice will be made based on the number of Cases in which the team has obtained 99% Aces
and so on.
If a team played the 2 session, the best score will be taken into account for the raking.

The ten (10) Qualified Teams with the highest Scores will qualify for the Final, which will take
place in 1st July 2015 (date and place will be confirmed at a later time), and will become the
Finalist Teams (hereinafter "The Finalist Team(s)").

If, for a reason provided for in these rules, one of the ten (10) Finalist Teams that obtained
the ten (10) highest Scores becomes disqualified, the Qualified Team that obtained the
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eleventh highest Score will be selected for the Final.

The same system (qualification of the next ranked Team) will be applied if several Finalist
Teams are disqualified.

If a team has 2 scores in the ten (10) highest scores, because it played to both session, only
the best one will be taken into account and the Qualified Team that obtained the eleventh
highest score will be selected for the Final. The same system (qualification of the next
ranked Team) will be applied if several Finalist has 2 scores in the ten (10) highest scores.

Each Participant belonging to a Finalist Team will be informed by email and/or telephone by
the Organising Company (or its subcontractor) of their Team's qualification for the Final and
will be asked to provide certain information (complete address of place of residence,
availability, etc.) to the Organising Company in order to validate his/her qualification for the
Final.

The list of the ten (10) Teams that have definitively qualified for the Final will be posted on
the Website from 23 June 2015 (date to be confirmed later on).

The team who want to participant two sessions must have the exact same three members
during the both sessions in the final.
If somebody in the team wants to quit after the first session while others want to keep going
in the second one, they must create and register a new team with THREE members and a
new name of team.


Article 7: Organisation of the Final

During the Final, the ten (10) Finalist Teams must work on the same Case study. This Final
will take place on 1st July 2015 (date will be confirmed later on).


1/Examination and presentation of the Case study by the Finalist Teams


In the first part of the Final (running in July 2015; the exact date and schedules will be
communicated later on by the Organizing Company), the Finalist Teams will all have to solve
the same Case study.

It is expressly expected that the transmission of the Case of study and the defence of the
presentations of the Finalist Teams will proceed according to one of the two systems:
- Either the Finalist Teams will have to solve the Case and then to present their work in
the offices of BNP Paribas in their country of origin.
- Or the Finalist Teams will receive the Case study by e-mail (dispatched by the
Organizing Company or one of its subcontractors). Following, they will have a given
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period of time to solve the Case and will present their work by means of a
videoconference from their country of origin.

The Organizing Company will inform each member of the Finalist Teams of the mode of
course of the first part of the Finale at the latest 15 days before the Final takes place.

After handing over this Case study, the Organizing Company will give the Finalist Teams a
subject of reflexion on which they will have to prepare a presentation within a given period
of time.

At the end of this period, each Finalist Team will submit to a jury, compound executives of
the group of the Organizing Company, professors of universities and professionals, its
proposals and will answer the questions of the jury via a videoconference, given that the
other Finalist Teams will not be able to witness this presentation.

After all Finalist Teams have presented, the jury will meet to deliberate and rate the teams
on a scale of 100 points, based on the presentations carried out by the Finalists Team
(hereafter the Presentation Score).

The final Presentation Score will equal the sum of the scores (from 0 to 20) awarded by the
jury to each Finalist Team according to each of the following 5 evaluation criteria:

Understanding of the Case's business issues
Relevance of the solutions proposed
Team work
Form and originality of the presentation
Strength of conviction


3/ Scoring of Finalist Teams and final ranking of the Competition

The Competition's final ranking will be based, in decreasing order, on the final score
(hereinafter the "Final Score") obtained by each of the Finalist Teams.

The Final Score given to each of the Finalist Teams will be calculated according to the
following two components, which will be weighted by assigning a coefficient:
the Presentation Score, on a scale from 0 to 100,
the Online Competition Score determined from the Score obtained by each of the
Finalist Teams and based on a scale from 0 to 100.

Consequently, a Final Score will be given to each Finalist Team according to the following
calculation method:

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The Presentation Score obtained by each Finalist Team will be weighted by a
multiplication coefficient of 50% to obtain a Final Presentation Score (hereinafter the
"Final Presentation Score").

The Competition Score obtained by each Finalist Team will be weighted by a 50%
multiplication coefficient to obtain a Final Competition Score (hereinafter the "Final
Competition Score").

The Final Presentation Score and the Final Competition Score will then be totalled up to
determine the Final Score of each Finalist Team.

Depending on the Final Scores obtained by each of the Finalist Teams, the final ranking of
the ten (10) Finalist Teams will be determined as follows:

the Finalist Team that obtained the highest Final Score will be the Competition
winner,
the Finalist Team that obtained the second highest Final Score will come second in
the Competition,
the Finalist Team that obtained the third highest Final Score will come third in the
Competition,
the Finalist Team that obtained the fourth highest Final Score will come forth in the
Competition,
the Finalist Team that obtained the fifth highest Final Score will come fifth in the
Competition.
the Finalist Team that obtained the sixth highest Final Score will come sixth in the
Competition.
the Finalist Team that obtained the seventh highest Final Score will come seventh in
the Competition.
the Finalist Team that obtained the eighth highest Final Score will come eighth in the
Competition.
the Finalist Team that obtained the nineth highest Final Score will come nineth in the
Competition.
the Finalist Team that obtained the tenth highest Final Score will come tenth in the
Competition.




Article 8: Prizes

The prizes in the Competition are distributed as follows between the Finalist Teams
according to the final classification of the Final:

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- Competition winner: Two thousand Euros (2000 ) per member of the Finalist Team (a total
of six thousand Euros (6000 ) for a Team made up of three (3) Participants), one (1) place of
an average unit value of five hundred Euros (500 ) per Participant of the Finalist Team, to
attend a tennis match sponsored by the Organizing Company.
The return tickets to Paris, according to the mode of transport chosen by the Organizing
Company, will be dealt with and provided by the Organizing Company and reached a
maximum to thousand Euros (1000 ) per Participant. Accommodation and additional costs
on the other hand will not be covered by the Organizing Company.

- second Team in the Competition: One thousand Euros (1000 ) per member of the Finalist
Team (a total of three thousand Euros (3000 ) for a Team made up of three (3)
Participants), one (1) place of an average unit value of one hundred Euros (100 ) per
member of the Finalist Team, to attend a tennis match taking place in one of the
Tournaments sponsored by the Organizing Company (season 2015-2016). The transportation
costs, accommodation as well as any additional costs will not be covered with by the
Organizing Company and will be consequently the responsibility of each finalist.

- third Team in the Competition: Five hundred Euros (500 ) per member of the Finalist
Team (a total of one thousand five hundred Euros (1500) for a Team made up of three (3)
Participants), one (1) place of an average unit value of one hundred Euros (100 ) per
member of the Finalist Team, to attend a tennis match taking place in one of the
Tournaments sponsored by the Organizing Company (season 2015-2016). The transportation
costs, accommodation as well as any additional costs will not be covered with by the
Organizing Company and will be consequently the responsibility of each finalist.

- fourth Team in the Competition: one (1) place of an average unit value of one hundred
Euros (100 ) per member of the Finalist Team, to attend a tennis match taking place in one
of the Tournaments sponsored by the Organizing Company (season 2015-2016). The
transportation costs, accommodation as well as any additional costs will not be covered with
by the Organizing Company and will be consequently the responsibility of each finalist.

- fifth Team in the Competition: one (1) place of an average unit value of one hundred Euros
(100 ) per member of the Finalist Team, to attend a tennis match taking place in one of the
Tournaments sponsored by the Organizing Company (season 2015-2016). The transportation
costs, accommodation as well as any additional costs will not be covered with by the
Organizing Company and will be consequently the responsibility of each finalist.

Each member of the Finalist Teams must therefore inform the Organising Company by 30
August 2015 at the latest of the Tournament for which they would like a ticket.

The financial prizes won by each of the members of the top three Finalist Teams will be sent
in the form of a bank transfer free of charges for the Organising Company into the winners'
bank accounts, whose details they must have sent prior to the Final within one month from
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the Competition's end date. The transfer will take place within 3 months from the end of the
Competition.

Each member of the top three Finalist Teams who is awarded a financial prize must, where
applicable, bear the expenses (tax, exchange rate variation and any other contribution of
any kind) related to the transfer of money made issued by the Organising Company.

The tennis Tournament tickets awarded will be sent by registered post with
acknowledgement of receipt to the winners' homes, in other words to the address
communicated prior to the Final, within three (3) months as from the notification of the
Organising Company being notified by the member of the Tournament that they want a
ticket for.
An exhaustive list of the Tournaments will be communicated by the Organizing Company
with each member of the Teams Finalists at the end of the ceremony of proclamation of the
final results of the Contest.

It is expressly agreed that the prize consisting of a ticket for a Tournament match exclusively
concerns the ticket for the Tournament match chosen and under no circumstances will the
transport, accommodation and catering expenses linked to this match be paid for by the
Organising Company.

It is expressly provided that once the prize has been delivered to the winner, delivery of the
prize will be considered to be complete and the winner will bear full responsibility for the
prize.
Consequently, the Organising Company will under no circumstances be held liable for any
losses caused, or with regard to third-parties, as a result of the prize's use.


The prizes mentioned above are envisaged on the hypothesis that ten (10) Teams Finalists
made up of three (3) members would take part in the Final.
It is expressly expected that the distribution of the prizes prevails on the identification of the
prizes such as referred to above. Consequently, if one or more of the Finalist Teams would
consist of less than three (3) Participants, each Participant will be allocated to the prizes as
mentioned in the sections related to the distribution of the prizes.
It is expressly expected that the Organizing Company will not redistribute the prizes which
would not have been distributed because of the composition of the Finalist Teams.


Article 9: Announcement of the final results of the Competition

The results of the Competition (ranking, names of the Finalist Teams' members and prizes
awarded) will be posted on the Website within 48 hours of the results' announcement on
the premises of the Organising Company. The prizes will be also communicated to the
members of the Finalist Teams by e-mail.
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Article 10: The Teams' relations with third-parties

Article 10.1. The Teams' relations with University/School staff

Help from tutors and/or staff belonging to the Team member's university and/or school
must be limited to general information about strategy. Unauthorised or excessive assistance
will lead to the Team's disqualification.

Article 10.2. The Teams' relations with the media

Team members are not permitted to directly or indirectly contact the media, and/or to meet
with journalists to discuss the Competition in any way, unless they have received express,
prior authorisation from the Organising Company. Any member of a Team who directly
contacts the media or journalists without the express, prior authorisation of the Organising
Company will cause the disqualification of the Team to which they belong.


Article 11: Connection and use of the Internet

Participation in the Competition implies knowledge and acceptance of the Internet's
characteristics and limitations, the lack of protection of certain data against possible
misappropriation or piracy and the risk of contamination by whatever viruses may be
circulating on the network.
The Organising Company rejects any liability for improper use or incidents linked to
improper use of computers, Internet access, telephone lines or any other technical
connections.

The Organising Company also rejects any liability for slow Internet connection or any
interruption therein on the participants computers.



Article 12: Personal data and right of personal portrayal

Article 12.1. Personal data

It is expressly agreed that participation in this Competition implies the transmission by each
Participant, or their legal representative if they are not legally competent (minors, etc.), of
personal data regarding them.
These data will be recorded and processed by the Organising Company responsible for
processing, solely for its internal management needs, the organisation and administration of
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the Competition, the awarding of prizes, and to meet the legal and regulatory obligations
inherent in the organisation of a Competition.

The personal data of EU Participants will also be recorded and processed by the Organising
Company so as to create and update a European database (hereinafter the "Database") that
will be used to inform Participants about events organised by the BNP Paribas group
(invitations to conferences, tennis tournaments, etc.) and to notify them of any professional
opportunities offered by the BNP Paribas group.
This database may be sent to the Human Resources departments of the BNP Paribas group
in the EU countries in which the BNP Paribas group operates. The personal data of
Participants who expressly agreed to their transferring by BNP Paribas to its entities
worldwide may be transmitted to other countries.

However, it is expressly provided that every Participant (or their legal representative) will
have the right to object, at any time, by sending an email to the address:
paris_mcq_acemanager@bnpparibas.com, to the recording and use of its personal data in
the Database without prejudice to their participation in the Competition.

The Participant's personal data will not be used in any other way (sending of information or
canvassing).


The personal data thus collected may be sent to the Organising Company's service providers
and subcontractors operating within the EU who have been entrusted with certain material
and technical tasks vital for achieving the purposes described above.

Every Participant (or their legal representative) has the right to access, change, correct or
delete their personal data by directly accessing the Website and/or by sending an email to
the following address: paris_mcq_acemanager@bnpparibas.com.

Every Participant (or their legal representative) expressly agrees, from their registration, and
without entitlement to any payment or other benefits, to their surname, forename,
university and nationality being referred to, by whatever means and in any format, and
particularly on the Website, for the needs inherent to the Competition's organisation.

Every Participant (or their legal representative) expressly agrees, in advance if they belong to
a Finalist Team, without entitlement to any payment or other benefits other than the
awarding of a prize, to their surname, forename, university and nationality being referred to,
reproduced and/or represented, notably:
on the Website page listing the ten Finalist Teams and their members,
on any other document, by whatever means and in whatever form, notably materials
dedicated to the Competition (press releases, press packs, video, posters, etc.).
on the official pages of the BNP Paribas Group, on the social networks and other
official sites of the BNP Paribas Group

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This authorisation, which is solely intended for advertising or promotional purposes linked to
the Competition, is valid for 2 years from the Participant's registration for the Competition.

Article 12.2. Right of personal portrayal

When a Participant registers they have the right to insert a photograph of themselves by
uploading it from their computer.
The uploading of this photograph implies that the Participant (or their legal representative)
agrees to the use of their image on the Website and accepts that it is therefore likely to be
seen by all of the Participants.



Article 13: Liability of the Organising Company

In the event of an act of God, as recognised by the French courts, the Organising Company
reserves the right, without incurring liability, to shorten, defer, extend, amend or cancel the
Competition, the Competition rules and the prizes on offer.
In such a case, notification will be provided by any means chosen by the Organising
Company.

Additions or changes made to the Competition will be considered to be amendments to
these rules and will be filed with the firm of Matres Eric Miellet et Anne Kermagoret, Bailiffs,
15 rue Drouot 75009 PARIS.


Article 14: Complaints

No response will be given to any verbal or telephone requests regarding the interpretation
or application of these rules.

Any disputes or complaints relating to the Competition must be expressed in writing and will
not be considered after fifteen (15) days from the Competition's end date, in other words 15
days after 1 July 2015.

Disputes or complaints must be addressed to:

BNP Paribas
MCQ Animation et Dveloppement
ACE MANAGER
16, rue de Hanovre
75002 Paris

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Any litigious interpretation of these rules, or any cases not provided for in these rules, will
be settled by the Organising Company and the Participants will have no right of appeal.


Article 15: Intellectual property

The whole of the Website's content (wording, images, data, drawings, graphics,
photographs, soundtracks, etc.) are covered by copyright and trademark law and, more
generally, intellectual property law.
The complete or partial reproduction or representation of the pages, data or any other
element making up the Website, in whatever form and by whatever process, without
express, prior authorisation, is prohibited and is deemed to be an act of forgery, which is
punishable under the Intellectual Property Code.

The trademarks used on the Website are trademarks registered by the Organising Company
in France and/or abroad in different variants.
Any complete or partial reproduction of the trademarks using elements on the Website
without the express, prior authorisation of their owner is therefore prohibited, in
accordance with Article L.713-2 of the Intellectual Property Code.

Similarly, any use of the content for illegal purposes will give rise to legal proceedings against
those responsible.

Exceptionally, some content (wording and images) is owned by their respective authors.

The Organizing Company hereby attests that any resemblance of the non-player characters
to any person, living or dead is coincidental.


Article 16: Acceptance and filing of rules

Participation in the Competition implies pure and simple acceptance of these rules in their
entirety.

These rules have been filed with the firm of Matres Eric Miellet et Anne Kermagoret, Bailiffs,
15 rue Drouot 75009 PARIS.


These rules are governed by French law and any disputes arising from the Competition must
be brought before the relevant French court.

The Competition rules will be translated into English.
Should any conflicts arise, the French version will prevail.

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A copy of these rules, which are available on the Website, will be sent free of charge (postal
costs reimbursed based on the current cost of a 2nd class letter) on written request (limited
to one request per household) sent to the following address:

BNP Paribas
MCQ Animation et Dveloppement
ACE MANAGER
16, rue de Hanovre
75002 Paris

The reimbursement of these postal costs cannot be requested after fifteen (15) days from
the end of the Competition.

The Organising Company will take all the measures necessary to adhere to these rules and
reserves the possibility, at its own discretion, of excluding or prohibiting a team from
participating in the Competition if the Team or one of its members does not obey the rules
of the competition, or behaves in a dishonest or disruptive way.

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