EFTA01459871.pdf

Deutsche Bank Deuuche Sank AG London Wm/osier House I Great Wuchester Street. London Telephone. Date: 14 January 2015 To: Southern Flnanclal,LLC Attention: CDS Documentation Our Reference CONFIRMATION Credit Derivative Transaction Dear Sir/Madam. The purpose of this communication (this tunfinngthibl is to set forth the terms and conditions of the Credit Derivative Transaction entered Into between Deutsche Bank AO (Tarty Al and Southern Flnanclal,LLC ("Party B") on the Trade Date specified below (the "Transaction"). ThIs Confirmation constitutes a 'Confirmation" as referred to In the ISDA Master Agreement specified below. The definition and provisions contained in the 2014 ISDA Credit Derivatives Definitions (the '2014 Definitional, as published by the International Swaps and Derivatives Association, Inc. (*ISDA'). are incorporated into this Confirmation. In the event of any incons,stency between the 2014 Definitions and this Confirmation, this Confirmation will govern. This Confirmation supplements. loans a part of, and is subject to, the ISDA Master Agreement dated as of 28 October 2013, as amended and supplemented from time to time (the *Agreement") between Party A and Party B. NI provisions contained in, or incorporated by reference In, the Agreement shall govern this Confir- mation except as expressly modified below. The terms of the Transaction to which this Confirmation relates are as follows: 1. Ganaral.Iarma Transaction Type: Standard Latin America Sovereign Trade Date: 13 January 2015 Effective Date: 14 January 2015 Scheduled Termination Date: 20 March 2020 Floating Rate Payer: Party A (the 'Scdler") Fixed Rate Payer: Party B (the 'Buyer") Calculation Agent: Seller Reference Entity: FEDERATIVE REPUBLIC OF BRAZIL Standard Reference Obligation: Applicable Seniority Level: Senior Level Reference Obligation: The obfigation(s) identified as follows: Primary Obligor. Federative Republic of Brazil CONFIDENTIAL — PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0120619 CONFIDENTIAL SDNY GM_00266803 EFTA01459871