This document discusses using HTML5 as an interchange format for scholarly content. It can support multiple facets of information like metadata, structure, semantics, and encapsulation. HTML5 combined with Relax NG can define constraining profiles using attributes, supporting different operational models. The document outlines 9 capabilities of HTML5 as an interchange format, including validation, transformation to other formats, and extracting RDF triple data. It concludes that HTML5 provides a powerful, adaptive, light-weight content format that supports flexible authoring and dynamic delivery while allowing for validation and transformation against formal models.