The Industrial Technologies Office (ITO) publishes a semi-annual status report to enhance transparency of its legacy program - Technology Partnerships Canada (TPC).
TPC provided repayable contributions for innovative research and development (R&D) projects contracted between 1996 and 2006.
TPC projects were long-term (up to 30 years) commencing with an R&D phase, followed by a benefits phase – the period in which a product, or a technology, could generate revenue for the company. In such cases, repayments would flow back to the program according to the terms and conditions of the company's contribution agreement.
TPC repayments are in line with forecasts and are continuing to increase. The final TPC repayments are not expected until 2035.
TPC Program Highlights:
- Total number of active projects: 106
- R&D phase projects (repayments are not yet due): 1
- Benefits phase projects (subject to repayments): 105
- Total authorized assistance for all projects: $3.37 billion
- Total disbursements to date: $3.17 billion
- Total cumulative repayments to date: $1.51 billion
- Total repayments collected in 2016-17: $205.5 million
Please refer to the Explanatory Notes at the end of the following table for more information.
Contribution Date | Company | Authorized Assistance ($) | Net Expenditures ($) | Repayments ($) |
---|---|---|---|---|
A: Indicates that repayments are not yet due on the company's active project(s). B: Indicates that the company has not provided ITO with an authorization to disclose repayment information. Repayment details are protected under TPC agreements signed prior to August 2006. | ||||
07-Jan-04 | 333111 Ontario Limited | 433,980 | 433,980 | 390,582 |
04-Sep-02 | 5N Plus Inc. | 1,143,894 | 1,143,894 | 703,870 |
17-Jul-97 | Aar-Kel Moulds Ltd. | 59,380 | 59,380 | B |
26-Mar-02 | Aastra Technologies Limited | 9,900,000 | 8,829,019 | 2,819,198 |
26-Mar-04 | Adacel Inc.Footnote * | 5,588,900 | 5,062,194 | 4,080,788 |
18-Sep-02 | Advanced Processing Inc. | 367,335 | 367,331 | 422,435 |
17-Nov-99 | Advantech Satellite Networks Incorporated | 2,000,000 | 2,000,000 | B |
28-Mar-03 | Aero-Safe Technologies Inc. | 664,472 | 485,754 | 0 |
26-Mar-03 | Aérospatiale Hemmingford Inc. | 330,750 | 282,100 | 282,100 |
15-Nov-99 | Aeterna Zentaris Inc.Footnote * | 29,423,802 | 14,276,459 | 0 |
11-Nov-98 | Air Data Inc. | 147,608 | 61,604 | B |
21-Mar-97 | Alcatel Networks Corporation | 962,362 | 962,362 | B |
24-Mar-04 | A-Line Precision Tool Ltd. | 372,680 | 372,680 | B |
05-Feb-02 | AMI Semiconductor Canada Company | 4,600,000 | 4,598,262 | 3,221,330 |
02-Sep-04 | Apollo Microwaves Ltd. | 753,600 | 749,561 | 749,561 |
15-Nov-99 | Aqua Bounty Canada Inc. | 2,964,900 | 2,964,900 | B |
20-Feb-97 | Aquarius Flight Inc. | 50,870 | 50,870 | B |
12-Nov-99 | Arbutus Biopharrma Corporation | 9,329,912 | 3,701,570 | 14,445 |
30-Mar-04 | ASCO Aerospace Canada Ltd.Footnote * | 8,752,500 | 8,752,500 | 2,241,743 |
30-Sep-99 | Atlantis Systems Corp | 1,235,800 | 331,232 | B |
28-Mar-02 | ATS Automation Tooling Systems Inc. | 23,833,888 | 23,333,858 | 1,500,000 |
29-Aug-97 | Avcorp Industries Inc.Footnote * | 8,912,215 | 8,563,834 | 4,840,920 |
01-Mar-04 | Avior Integrated Products Inc. | 818,028 | 818,028 | B |
21-Jun-04 | Axys Technologies Inc. | 2,012,024 | 2,012,024 | 600,700 |
27-Mar-02 | Azure Dynamics Inc. | 9,000,000 | 8,971,433 | 785,131 |
29-Oct-97 | Ballard Power Systems Inc. | 29,359,998 | 24,805,663 | 12,077,062 |
30-Mar-98 | Baultar Composite Inc. | 446,479 | 446,479 | B |
29-Jul-04 | B-Con Engineering Inc. | 900,000 | 868,969 | 760,347 |
17-Nov-03 | Bell Helicopter Textron Canada LimitedFootnote * | 57,345,663 | 57,345,663 | B |
17-Nov-99 | BHI Limited Partnership | 7,885,846 | 7,867,652 | B |
26-Mar-97 | BombardierFootnote * | 141,837,593 | 139,582,652 | 186,367,371 |
03-Feb-98 | Bristol Aerospace LimitedFootnote * | 3,721,017 | 3,721,017 | B |
27-Mar-97 | CAE Inc.Footnote * | 300,581,758 | 300,581,758 | 109,707,582 |
24-Feb-04 | Cajic Family Holdings Incorporated | 446,445 | 446,445 | 200,900 |
09-Dec-97 | Cambrian Systems Corporation | 2,287,500 | 2,287,500 | B |
24-Oct-06 | Camoplast Solideal Inc. | 1,727,000 | 1,671,247 | 1,671,247 |
20-Jan-03 | Canadian Shipbuilding & Engineering Ltd. | 4,500,000 | 1,981,256 | B |
31-Mar-05 | Carrus Capital Corporation | 9,265,620 | 1,133,076 | 0 |
05-Mar-01 | CaseBank Technologies Inc.Footnote * | 5,777,814 | 5,774,844 | 2,176,355 |
24-Mar-05 | CellFor Inc. | 9,800,000 | 9,800,000 | 5,000 |
30-Sep-03 | Cloakware Corporation | 4,636,280 | 3,178,336 | B |
27-Mar-97 | CMC Electronics Inc.Footnote * | 23,706,431 | 19,836,867 | B |
25-Mar-97 | Com Dev Ltd.Footnote * | 4,260,114 | 4,260,114 | 1,430,901 |
21-Dec-01 | Comtek Advanced Structures Ltd. | 3,325,000 | 3,325,000 | B |
30-Jul-97 | Convedia Corporation | 1,089,740 | 1,089,740 | B |
07-Aug-01 | Cormer Group Industries Inc. | 998,000 | 998,000 | 598,800 |
05-Feb-04 | Cross and Associates Manufacturing Inc. | 31,200 | 31,200 | B |
27-Mar-97 | Crystalline Manufacturing Limited | 1,469,675 | 667,679 | B |
26-Jul-02 | CS Communication Et Systèmes Canada Inc. | 93,880 | 93,880 | 93,880 |
31-Mar-04 | Cyclone Manufacturing Inc. | 892,800 | 892,799 | 937,440 |
27-Mar-97 | Cymat Technologies Ltd. | 3,357,550 | 3,357,550 | 318,769 |
17-Oct-97 | Daimler Buses North America Ltd.Footnote * | 14,999,922 | 10,811,552 | 5,772,776 |
17-Nov-99 | Digital Energy Canada Inc. | 8,715,900 | 8,715,899 | 1,897,299 |
26-Jul-04 | Dominis Engineering Ltd. | 428,734 | 428,733 | 428,733 |
27-Mar-98 | DRS Technologies Canada Company | 897,600 | 897,600 | 1,155,168 |
22-Sep-05 | D-Wave Systems Inc. | 7,199,000 | 7,199,000 | 729,013 |
01-Aug-97 | DynaMotive Energy Systems Corporation | 8,235,795 | 8,185,795 | 0 |
12-Dec-01 | E.I. Dupont Canada Company | 8,993,932 | 8,993,932 | A |
22-Jun-04 | E.T.M. Industries Inc. | 192,400 | 41,517 | B |
24-Feb-99 | Eastern Power Limited | 6,805,000 | 6,328,796 | B |
16-Dec-03 | Edgewater Computer Systems, Inc. | 2,408,000 | 2,407,990 | B |
31-Mar-03 | Electrovaya Inc. | 9,870,498 | 9,870,498 | B |
17-Jun-04 | Elisen Technologies Inc. | 218,800 | 161,456 | 60,546 |
04-Jun-04 | EMS Technologies Canada, Ltd. | 4,622,032 | 4,622,032 | 3,054,045 |
28-Jul-97 | Environmental Acoustics Systems Limited | 101,397 | 67,351 | B |
17-Oct-03 | Exactatherm Limited | 499,050 | 499,050 | 0 |
14-Apr-04 | ExelTech YQB Inc. | 803,500 | 756,132 | 18,596 |
27-Aug-04 | ExelTech YUL Inc. (3682986 Canada Inc.) | 675,000 | 638,868 | 4,525 |
31-Mar-99 | Expro Chemical Products Inc. | 1,792,883 | 1,520,920 | B |
31-Oct-97 | Fare Logistics Corp. | 393,942 | 357,015 | B |
19-Mar-04 | Ferrinov Inc. | 1,868,230 | 1,868,230 | 644 |
18-Jan-02 | Finition de Métal National N.M.F. (Canada) ltée [NMFC] | 1,000,000 | 811,059 | B |
08-Feb-03 | FLYHT Aerospace Solutions Ltd. | 127,415 | 123,635 | 129,817 |
23-Mar-98 | Formal Systems Inc. | 495,288 | 448,510 | B |
15-Oct-96 | FPInnovationsFootnote * | 18,000,000 | 18,000,000 | 6,992,765 |
03-Jan-02 | fSONA Communications Corporation | 9,994,334 | 6,131,623 | B |
29-Mar-01 | FuelMaker Corporation | 2,960,309 | 1,759,776 | B |
26-Mar-98 | Future Sea Technologies Inc. | 3,000,000 | 3,000,000 | B |
15-Jul-02 | Futuretek-Bathurst Tool Inc. | 871,875 | 871,875 | 0 |
30-Sep-97 | Gallium Visual Systems Inc. | 2,242,500 | 2,242,500 | 280,779 |
05-Mar-02 | GasTOPS Ltd.Footnote * | 2,070,700 | 2,069,998 | 379,842 |
22-Dec-97 | GE Water & Process Technologies CanadaFootnote * | 19,677,000 | 19,475,874 | B |
27-Mar-97 | General Dynamics Canada Ltd. | 2,170,000 | 2,168,299 | B |
26-Mar-03 | General Dynamics Ordnance and Tactical Systems-Canada Inc. | 2,626,196 | 2,626,196 | 488,421 |
31-Mar-03 | GMA Cover, ULC | 4,758,750 | 4,758,750 | 4,093,828 |
23-Aug-99 | Goodrich Aerospace Canada Ltd.Footnote * | 50,217,500 | 50,045,167 | 12,501,120 |
29-Mar-01 | Guigne Inc. | 4,864,400 | 2,430,703 | B |
17-Nov-99 | Haley Industries Limited | 3,025,000 | 3,025,000 | B |
09-Jul-98 | Harris Stratex Networks Canada ULCFootnote * | 18,138,000 | 15,827,922 | 5,011,659 |
30-Mar-98 | Héroux-Devtek Inc.Footnote * | 8,617,143 | 6,130,134 | B |
20-Dec-96 | Honeywell ASCa Inc.Footnote * | 112,573,528 | 111,292,636 | 35,690,723 |
22-Oct-98 | Hydrogenics Corporation | 7,243,748 | 6,767,638 | 25,000 |
21-May-04 | Hyperion Technologies Inc. | 1,000,000 | 1,000,000 | B |
31-Mar-99 | IBM Canada Ltd. | 33,000,000 | 33,000,000 | B |
31-Mar-00 | ID Biomedical CorporationFootnote * | 85,938,680 | 27,060,859 | 20,928,750 |
26-Mar-97 | IDT Canada IncorporatedFootnote * | 7,396,000 | 7,282,985 | B |
21-Mar-01 | iFire Technology Ltd. | 30,000,000 | 29,829,590 | 830,000 |
27-Mar-97 | IMPCO Technologies Canada Inc.Footnote * | 10,837,597 | 8,893,318 | B |
29-Sep-00 | Indal Technologies Inc.Footnote * | 4,816,590 | 4,816,574 | B |
26-Jun-97 | Industrial Rubber Company Ltd. | 476,000 | 381,528 | B |
08-Dec-03 | Infowave Software Inc. | 6,196,075 | 1,797,628 | B |
17-Dec-01 | INSTRUMAR Limited | 6,580,000 | 6,580,000 | 595,520 |
27-Jul-04 | Integran Technologies Inc. | 3,427,200 | 3,427,200 | 322,494 |
30-Mar-01 | Intelligent Mechatronic Systems Inc. | 2,999,414 | 2,813,227 | B |
30-Mar-98 | International Water-Guard Industries IncFootnote * | 625,705 | 269,012 | 398,347 |
09-Aug-02 | Intrinsyc Software Inc. | 6,371,351 | 3,437,298 | B |
25-Apr-97 | Inventus Technology Inc | 161,000 | 77,575 | B |
13-Jan-99 | Iogen Energy CorporationFootnote * | 17,691,633 | 17,691,633 | 400,863 |
08-Aug-01 | ITS Electronics Inc. | 900,000 | 900,000 | B |
16-Nov-99 | Kiadis Pharma Canada Inc. | 4,600,034 | 4,557,481 | B |
24-Mar-04 | Kongsberg Mesotech Ltd. | 5,220,000 | 5,220,000 | 1,695,843 |
30-Mar-98 | Larcan Inc. | 5,227,053 | 5,227,051 | 1,061,552 |
31-Mar-04 | LETAR Inc. | 497,500 | 497,500 | 74,625 |
16-Sep-96 | Lex Technologies Inc. | 750,000 | 675,000 | B |
24-Mar-03 | Likro Precision Ltd. | 998,514 | 998,514 | 299,554 |
22-Nov-06 | Linamar Corporation | 8,970,000 | 8,970,000 | 3,588,000 |
19-Dec-01 | Lockheed Martin Canada Inc. | 4,560,600 | 4,539,980 | B |
19-Mar-01 | LPP Manufacturing Inc. | 9,279,940 | 222,761 | B |
03-Dec-03 | Luminex Molecular Diagnostics Inc. | 7,300,000 | 4,864,655 | 6,497,313 |
04-Mar-04 | Luxell Technologies Inc.Footnote * | 2,042,552 | 1,967,066 | B |
31-Mar-98 | MacDonald, Dettwiler and AssociatesFootnote * | 78,609,489 | 29,862,510 | 6,259,954 |
31-Mar-97 | Magellan Aerospace LimitedFootnote * | 22,077,750 | 20,034,849 | 4,917,928 |
13-Feb-97 | Maratek Environmental Inc. | 482,922 | 482,922 | 10,432 |
20-Oct-00 | Mattson Technology Canada Inc. | 8,336,507 | 8,336,507 | B |
25-Mar-03 | McLeod Harvest Inc. | 3,013,500 | 1,651,620 | B |
28-Oct-97 | MDS Aero Support CorporationFootnote * | 6,198,213 | 6,198,213 | B |
27-Mar-03 | MDS Coating Technologies CorporationFootnote * | 3,267,786 | 3,251,790 | B |
29-Oct-02 | Mecachrome Montréal-Nord, Inc. | 177,300 | 177,299 | 80,253 |
22-Oct-97 | Methylgene Inc. | 4,770,000 | 4,770,000 | 0 |
31-Mar-04 | MetroPhotonics Inc. | 7,736,000 | 3,130,884 | B |
19-Sep-06 | Microsemi Semiconductor ULC | 7,150,737 | 7,149,654 | 6,404,769 |
30-Aug-04 | Minicut International Inc. | 596,417 | 596,417 | 0 |
20-Dec-06 | Mist Mobility Integrated Systems Technology Inc. (MMIS) | 7,087,500 | 7,087,500 | A |
10-Oct-02 | Mitel Networks Corporation | 60,000,000 | 60,000,000 | B |
21-Jan-05 | MLG Inc. | 925,125 | 925,125 | 925,125 |
29-Jan-99 | Mosaid Technologies Incorporated | 6,220,000 | 6,220,000 | 2,980,253 |
07-Dec-05 | Navistar Canada, Inc. | 30,000,000 | 29,999,590 | B |
19-Mar-01 | Neptec Design Group Ltd. | 6,150,000 | 6,149,998 | 2,444,374 |
25-Apr-97 | Newman Technologies Inc.Footnote * | 1,294,670 | 1,294,670 | B |
27-Mar-03 | NGRAIN (Canada) CorporationFootnote * | 12,000,000 | 12,000,000 | 1,578,449 |
22-Jul-04 | Noranco Inc.Footnote * | 1,296,000 | 1,296,000 | 1,241,145 |
17-Oct-00 | Norsat International Inc. | 9,999,700 | 9,999,695 | 1,178,863 |
17-Nov-99 | Northstar Aerospace (Canada) Inc. | 1,432,832 | 1,432,832 | B |
27-Mar-03 | Novatronics Inc.Footnote * | 2,100,683 | 2,100,085 | 732,930 |
09-Nov-99 | Nps Allelix Corp. | 8,365,511 | 4,935,020 | B |
25-Jan-02 | OceanWorks International Corporation | 554,176 | 554,176 | B |
31-Mar-04 | OMNEX Control Systems ULC | 7,500,000 | 7,499,999 | 3,166,294 |
19-Mar-97 | Oracle Corporation Canada Inc. | 1,668,657 | 1,668,657 | 699,053 |
27-Mar-97 | Orenda Recip Inc. | 8,381,000 | 8,381,000 | B |
15-Nov-99 | OSI Maritime Systems Ltd.Footnote * | 7,768,568 | 7,768,177 | 7,177,899 |
31-Mar-03 | PCI Geomatics Enterprises Incorporated | 5,563,240 | 5,563,224 | 1,382,170 |
23-Jan-04 | Pirlitor Machine & Tool Ltd. | 145,823 | 145,823 | 109,367 |
29-Mar-05 | Plug Power Canada Inc.Footnote * | 2,819,217 | 2,819,217 | B |
14-Mar-97 | Powerlasers Limited. | 1,230,569 | 1,230,569 | 677,016 |
06-Mar-97 | Pratt & Whitney Canada Corp.Footnote * | 1,041,804,068 | 1,040,116,125 | 650,645,733 |
22-Sep-06 | Premier Horticulture ltée | 6,077,027 | 5,784,202 | 981,541 |
22-Sep-06 | Premier Tech Chronos ltée / Systèmes Erin ltée | 9,208,502 | 8,337,715 | 1,070,046 |
24-Jul-02 | Premier Tech Technologies LtéeFootnote * | 13,808,470 | 13,808,470 | 946,944 |
09-Mar-98 | Presagis Canada Inc.Footnote * | 4,464,000 | 4,452,906 | 31,974 |
19-May-99 | PRO MAC Manufacturing Ltd. | 160,000 | 119,078 | 5,509 |
19-Jul-02 | PyroGenesis Inc. | 5,594,200 | 1,357,884 | B |
24-Oct-01 | QNX Software Systems(Wavemakers), Inc. | 4,418,283 | 2,585,808 | 194,084 |
31-Mar-05 | Quantiam Technologies Inc. | 3,576,300 | 3,576,300 | 194,825 |
30-Mar-98 | Raytheon Canada LimitedFootnote * | 12,682,210 | 8,076,386 | 9,711,111 |
03-Dec-01 | Redline Communications Inc. | 4,596,024 | 4,596,024 | 2,153,634 |
10-Jun-03 | Reil Industrial Enterprises Limited | 415,125 | 415,124 | 0 |
27-Feb-98 | Research In Motion LimitedFootnote * | 39,631,096 | 39,631,096 | B |
21-Sep-06 | Rio Tinto Alcan Inc. | 19,100,000 | 19,100,000 | 3,820,000 |
16-Jan-02 | Rivait Machine Tools Inc. | 766,485 | 432,711 | B |
26-Sep-97 | Safran Landing Systems Canada Inc.Footnote * | 73,240,009 | 73,168,028 | 9,795,882 |
30-May-03 | Sandvine Incorporated | 9,500,000 | 9,500,000 | 13,944,573 |
15-May-97 | Sanofi Pasteur Limited | 60,000,000 | 48,604,877 | B |
03-Aug-98 | SCC Environmental Inc. | 491,552 | 491,552 | B |
31-Mar-04 | Schneider Electric Canada Inc. | 7,200,000 | 5,650,106 | 7,600,000 |
30-Mar-01 | SemBioSys Genetics Inc | 5,522,607 | 5,522,607 | 204,668 |
31-Mar-00 | SIEMENS CANADA LIMITEDFootnote * | 75,200,000 | 75,200,000 | 21,650,023 |
19-Oct-00 | Sierra Wireless IncFootnote * | 14,558,544 | 14,558,544 | 15,500,000 |
31-Mar-03 | SkyWave Mobile Communications Inc. | 5,250,000 | 5,250,000 | 453,007 |
08-Mar-99 | Société d'Imagerie Electromed Inc. | 499,995 | 499,995 | B |
15-Jul-05 | Soucy International Inc. | 8,901,300 | 8,901,300 | 4,161,980 |
29-Mar-04 | Spectral Diagnostics Inc. | 3,900,000 | 1,903,950 | 0 |
17-Mar-03 | Stelia Aerospace North America Inc. | 877,950 | 237,701 | B |
28-Mar-03 | St. John's Dockyard Limited | 4,042,500 | 4,042,500 | 79,176 |
31-Mar-98 | Suncor Energy Inc.Footnote * | 8,800,000 | 8,139,752 | B |
24-Sep-01 | Taylor-Corp. Inc. | 860,000 | 823,554 | B |
10-Nov-03 | Technologies HumanWare Inc. | 3,937,500 | 3,937,500 | 1,926,323 |
31-Jul-02 | Teledyne Dalsa, Inc. | 2,738,069 | 2,738,069 | 4,101 |
21-Mar-01 | Teledyne Optech Incorporated | 6,826,478 | 6,826,478 | B |
30-Mar-01 | Telesta Therapeutics Inc.Footnote * | 16,929,892 | 16,929,892 | 3,360,000 |
06-Dec-02 | TFI Aerospace Corporation | 460,300 | 460,299 | B |
14-Nov-97 | Thales Canada Inc.Footnote * | 19,890,000 | 19,890,000 | 16,578,616 |
15-Nov-99 | Thermo CRS Ltd. | 1,120,761 | 1,120,761 | B |
05-Nov-01 | TIR Systems Ltd | 6,636,271 | 6,636,271 | B |
31-Mar-05 | Touchstone Exploration Inc. | 9,000,000 | 9,000,000 | B |
29-Aug-01 | Trojan TechnologiesFootnote * | 4,719,811 | 4,699,772 | 5,138,456 |
31-Mar-03 | Vale Newfoundland & Labrador Limited | 60,000,000 | 60,000,000 | A |
18-Dec-06 | Valiant Machine & Tool Inc | 6,071,693 | 1,080,452 | 648,271 |
27-Oct-02 | Vanguard Aviation Corp. | 117,580 | 23,943 | B |
30-Mar-99 | Vecima Networks Inc.Footnote * | 14,599,616 | 14,259,050 | B |
16-Sep-05 | Vector Aerospace Helicopter Services Inc. | 3,520,200 | 3,509,249 | 1,813,152 |
12-Oct-01 | Viking Air Limited | 191,800 | 191,800 | 172,620 |
03-Oct-05 | Viron Therapeutics Inc. | 4,938,825 | 4,938,825 | 0 |
03-Feb-98 | Vistar Telecommunications Inc. | 941,462 | 881,297 | B |
18-Dec-06 | ViXS Systems Inc. | 9,152,880 | 9,152,879 | 0 |
24-Apr-97 | Walbar Canada Inc. | 976,031 | 476,031 | B |
27-Mar-03 | Westport Fuel Systems Inc. | 18,912,010 | 18,912,010 | B |
31-Mar-03 | Wi-LAN Incorporated | 8,754,648 | 4,460,372 | B |
02-Nov-01 | World Heart Corporation | 9,980,000 | 9,980,000 | 419,139 |
31-Mar-99 | Xebec Adsorption Inc.Footnote * | 13,087,267 | 13,087,264 | 1,020,061 |
13-Feb-04 | Yotta Yotta Inc. | 7,673,513 | 7,673,512 | B |
Explanatory notes:
- Contribution Date: is the date that a company signed its contribution agreement. If a company has more than one project, the date indicated is the earliest contribution agreement signing date.
- Company: is the name of the legal entity which currently has one or more TPC contribution agreements.
- Authorized Assistance: represents the maximum amount contracted at the time of the initial contribution agreement, or the contribution agreement's latest amended assistance amount. As the R&D progresses and a project reaches its conclusion, the final disbursed amount could be much lower.
- Net Expenditures: represents the final amounts disbursed toward projects that have completed their R&D phase. Amounts are not provided until completion of the R&D phase to protect commercial confidentiality.
- Repayments: represents the amount collected to date and/or the information that a company has allowed ITO to disclose. Should a company have several contribution agreements its decision to disclose repayments may not extend to all TPC projects. In some cases, the repayment obligations of a TPC contribution required a company to provide share warrants to the Government as partial or full repayment. Warrants, which may be sold, are a right to acquire the company shares at a certain price for a period of time. If warrants are sold, the sale amount received is recorded as a repayment.