Operating Policy – Ancillary Operations

1. Purpose

[1.1] To provide space in the McMaster community to external tenants that support the student community; and

1.1 To provides a positive net revenue to the McMaster Students Union (MSU), MSU to support their cost centerreers and advocacy initiatives.

2. Operating Parameters[2.1] The Ancillary Operations shall:

2.1.1 cConsist of all activities performed within MSU- owned spacesd which that are leased to external tenants; and.

2.1.2 Function as negotiated under the terms of the agreement with the respective tenant;[2.1.1]

2.1.2.1 A ny such agreement must be approved by the MSU Board of Directors and General Manager;.

[2.1.1.1] 2.1.2.2 [2.1.1.2] As required by the terms their lease, the tenant shall be solely responsible for:

2.1.2.2.1 Personnel;2.1.2.2.2 Payroll;2.1.2.2.3 Insurance; and2.1.2.2.4 Other operating expenses..[2.1.1.2.1]

2.1.2.3 [2.1.2] Any such agreement must be approved by the MSU Board of Directors and

General Manager.

[2.2] The Ancillary Operations, in whole or in part, of the McMaster Students UnionMSU, in whole or in part, shall include, but not be limited to, the following:

[2.2.1] Chatime (-MUSC B118BA);[2.2.2] Student Wellness Education Lower Lounge -(SWELL; MUSC B118B); and[2.2.3] Royal Bank of Canada (DBAC location) Need to get address(RBC; DBAC WB101).;[2.2.4]

Approved 19J

[2.3] Ancillary Operations shall be operated as a net revenue generator under the terms of the agreement negotiated with the respective tenant and approved by the MSU Board of Directors and General Manager;.

[2.4] The McMaster Students UnionMSU shall receive monetary compensation for leasing the space to the Ancillary Operations tenant, as outlined in the lease agreement;.

The tenant shall be solely responsible for personnel, payroll, insurance, and other operating expenses as required by the terms their lease;.

2.2 [2.5] In addition, tThe tenant is shall be solely responsible for ensuring compliance with any regulatory

body which governs their industry of operation. [3]

[3.1]