PROJECT KIKU -- ACQUISITION REVIEW PACK
 ==========================================================
 Class: COMMERCIAL IN CONFIDENCE
 Owner: Corporate Development

 This folder holds the diligence pack for Project KIKU: a
 proposed minority investment / acquisition option in a Japanese
 life-sciences company developing a non-human adrenochrome supply
 route.

 The pack is retained for audit only. No transaction proceeded.

 FILES
   SCREENING-NOTE.TXT
   SITE-VISIT-TOKYO.TXT
   TECHNICAL-EXCHANGE.TXT
   POTENCY-EVALUATION.TXT
   SUPPLY-CHAIN-ASSESSMENT.TXT
   FINANCE-COGS-COMPARATOR.TXT
   LEGAL-REPUTATIONAL-REVIEW.TXT
   BOARD-DECISION-NO-BID.TXT
   CLOSEOUT-MEMO.TXT

 Reading order:
 [SCREENING-NOTE.TXT] -> [SITE-VISIT-TOKYO.TXT] ->
 [TECHNICAL-EXCHANGE.TXT] -> [POTENCY-EVALUATION.TXT] ->
 [SUPPLY-CHAIN-ASSESSMENT.TXT] -> [FINANCE-COGS-COMPARATOR.TXT]
 -> [LEGAL-REPUTATIONAL-REVIEW.TXT] -> [BOARD-DECISION-NO-BID.TXT]
 -> [CLOSEOUT-MEMO.TXT]

 Note: do not circulate outside Corporate Development, Legal,
 Finance, and Research Leadership. Project codename assigned to
 avoid supplier identification in calendar traffic.