Article II: Definitions

1. Interested Person: Any Decision-maker who has a direct or indirect financial interest, as defined below, is an interested person.
2. Financial Interest:A person has a financial interest if the person has, directly or indirectly, through business, investment, or family:
   1. An ownership or investment interest in any entity with which Loconomics has a transaction or arrangement,
   2. A compensation arrangement with Loconomics or with any entity or individual with which Loconomics has a transaction or arrangement, or
   3. A potential ownership or investment interest in, or compensation arrangement with, any entity or individual with which Loconomics is negotiating a transaction or arrangement.

Compensation includes direct and indirect remuneration as well as gifts or favors that are not insubstantial.

A financial interest is not necessarily a conflict of interest. Under Article III, Section 2, a person who has a financial interest may have a conflict of interest only if the Board or appropriate Decision-making body decides that a conflict of interest exists.