EFTA01412704.pdf

EFTA01412704 EFTA01412705 EFTA01412706 EFTA01412707 EFTA01412708 EFTA01412709 EFTA01412710 EFTA01412711 EFTA01412712 EFTA01412713 EFTA01412714 EFTA01412715 EFTA01412716 EFTA01412717 EFTA01412718 EFTA01412719 EFTA01412720 EFTA01412721 EFTA01412722 EFTA01412723 EFTA01412724 EFTA01412725 EFTA01412726 EFTA01412727 EFTA01412728 EFTA01412729 EFTA01412730 EFTA01412731 EFTA01412732 2. PART A US PERSON CERTIFICATION Please indicate below whether you ("Client") are a US person. If you are not a US person, you are only required to return a signed copy of this Part A to your DB representative by the date set out on the Instructions page. If you are a US person, please complete this Part A and continue to Part B and return signed, completed copies of Part A and Part B to your DB representative. 3d0 \ Oss I Legal Name of Client Swap Vehicle: ja; Client is a US person as such term is defined by the CFTC in any law, order, interpretation rulemaking or release that may be promulgated by the CFTC. Client is not a US person as such term is defined by the CFTC in any law, order, interpretation rulemaking or release that may be promulgated by the CFTC. If you have checked this box, do not complete Part B. Legal Name of Client Swap Vehicle: Authorized Signatory Signature: P\reN s cWkA-V- Name: 5e.C(/\ Title: 10 lo-t 1 V Date: PART A-PAGE 1 3. PARTS SWAP TRADING ADDENDUM If you are a US person, please complete this Swap Trading Addendum and the attached Annex and return signed, completed copies of both to your DB representative. This Swap Trading Addendum (the "Addendum") modifies and supplements the contract or contracts used by Client and DB to document their swaps (the "Agreement"). If Client EFTA01412733 and DB are not currently documenting their swaps under a form of standard master swap agreement published by the International Swaps and Derivatives Association, Inc. ("ISDA") or another industry group that has been manually signed by the parties, then by delivery of the Addendum to DB, Client is agreeing that (1) as and fl^om the date that DB signs this Addendum, the parties shall be deemed to have entered into an ISDA 2002 Master Agreement, without any Schedule thereto, except the election that such agreement shall be governed by New York law (the "Deemed ISDA Master Agreement"), and (2) all swaps entered into by the parties after such date shall be subject to that Deemed ISDA Master Agreement. If, after the date of entry into this Addendum, Client and DB manually execute a form of standard master agreement published by ISDA or another industry group, this Addendum shall supplement and form part of that master agreement (as supplemented by the Addendum, the "Subsequent Agreement") and all swaps previously governed by the terms of the Deemed ISDA Master Agreement shall thereinafter be governed by the terms of the Subsequent Agreement. ■ Capitalized terms not otherwise defined herein have the meanings ascribed to them in the Glossary which constitutes Part 8 of the Dodd-Frank Protocol. 1. CLIENT VERIFICATION. Client represents (which representations are deemed repeated as of the time of each Swap Transaction Event) and warrants to DB that: 1.1 Client Information. Client has duly completed the Client Information Form in the Swap Addendmn Annex and the information contained therein is true and correct. 1.2 Not Regulated Swap Entity. Client is not a Swap Dealer, Security-Based Swap Dealer, Major Swap Participant or a Major Security-Based Swap Participant. Eligible Contract Participant. Client is an Ehgible Contract Participant ("ECP"). Chent has duly completed the ECP Questionnaire in the Swap Addendum Annex and the information contained therein is true and correct. If the obligations of CUent in its swaps with DB are guaranteed by another person or persons (each, a "Guarantor"), Client will cause each Guarantor to complete the ECP Questionnaire for Guarantors provided as Part 5 of this Protocol confirming it is an ECP to DB as a condition precedent to discussing additional swaps and/or swap trading strategies with 1.3 DB. EFTA01412734 If Client has indicated in the Eligible Contract Participant Questionnaire that it is either a "Hedging Entity ECP" or a "Hedging Individual ECP", Client further represents to DB that, for so long as Chent remains either a Hedging Entity ECP or a Hedging Individual ECP, each swap entered into by Client under this Agreement will be entered into in connection with the conduct of Client's business or to manage the risk associated with an asset or liability owned or incurred, or reasonably likely to be owned or incurred, by Chent in the conduct of Client's business. 6395998 6395998 PART B-PAGE 1 1.4 Financial Entity. Client ❑ IS / CTS NOT a Financial Entity. If Client is a Financial Entity, Client has duly completed the Finanmal Entity Questionnaire in the Swap Addendum Annex, and the information contained therein is true and correct. 1.5 Special Entity. Client ❑ IS / MIS NOT a Special Entity. If Client is a Special Entity (or is electing to be a Special Entity as^rmitted by CFTC Regulations), Client has duly completed the Special Entity Questionnaire in the Swap Addendum Annex, and the information contained therein is true and correct. 1.6 Immediate Notice. Client will notify DB immediately if any of its responses to Sections 1.1 to 1.5 above change for any reason 2. NO RECOMMENDATIONS. 2.1 Client represents (which representations are deemed repeated as of the time of each Swap Communication Event) and warrants to DB that, in cormection with any swap or swap trading strategy proposed by DB to Client; (a) Client is exercising independent judgment in evaluating such swap or swap trading strategy; (b) Client acknowledges and agrees that DB is acting as counterparty only and is not acting as a financial or other advisor for Client and is not undertaking to assess the suitabihty of such swap or swap trading strategy for Client; (c) Client has complied in good faith with its written policies and procedures that are reasonably designed to ensure that each of person responsible for evaluating recommendations, if any, fi-om DB and making trading decisions on behalf of Client is capable of doing so; and (d) if Client is a Special Entity, Client further acknowledges and agrees EFTA01412735 that; (i) Chent will not rely on any communications firom DB when deciding to enter into such swap or swap trading strategy; (ii) DB does not express any opinion whether Client should enter into such swap or swap trading strategy; and (iii) DB is not rmdertaking to act in the best interests of Client. 2.2 If Client has notified DB in the Swap Addendum Annex that Client has a Swap Agent and Client does not wish to make the representations and warranties in Section 2.1(a) above, Client may instead cause its Swap Agent to deliver to DB a statement in the form of Statement A in Part 4 of the Dodd-Frank Protocol as a condition precedent to discussing additional swaps and/or swaps trading strategies with DB. 2.3 If Client is a Special Entity (other than an ERISA Special Entity); (a) Client represents (which representations are deemed repeated as of the time of each Swap Communication Event) and warrants that; (i) it has a Qualified Independent Representative; and (ii) in connection with any swap or swap trading strategy, it will rely on advice fi-om that Qualified Independent Representative m evaluating recommendations provided by DB; and 6395998 6395998 PART B-PAGE 2 (b) Client will cause its Qualified Independent Representative to deliver to DB a statement in the form of Statement B in Part 4 of the Dodd -Frank Protocol as a condition precedent to discussing additional swaps and/or swap trading strategies with DB. 2.4 If Client is an ERISA Special Entity: (a) Client represents (which representation is deemed repeated as of the time of each Swap Communication Event) and warrants that it has a fiduciary as defined in Section 3 of ERISA; and (b) Client will cause its fiduciary to deliver to DB a statement in the form of Statement C in Part 4 of the Dodd-Frank Protocol as a condition precedent to discussing additional swaps and/or swaps trading strategies with DB. 2.5 DB notifies Client (which notification will be repeated as of the time of each Swap Communication Event) that it is acting as counterparty, it is not acting as a financial or other advisor for Client, and it is not imdertaking to assess the suitability of such swap or swap trading EFTA01412736 strategy for, or act in the best interests of, Chent. 3. CLEARING. Client acknowledges and agrees that, with respect to a swap subject to a mandatory clearing requirement: 3.1 Client has been notified by DB that Client has the sole right to select the derivatives clearing organization which will clear such swap by providing written notice to DB a reasonable amount of time prior to execution of such swap identifying the relevant derivatives clearing organization; and if Client enters into a swap without having selected a derivatives clearing organization to clear such swap. Client agrees to use the derivatives clearing organization designated by DB. Client acknowledges and agrees that, with respect to a swap that is not subject to a mandatory clearing requirement: Client has been notified by DB that Chent may elect to require clearing of such swap and Chent has the sole right to select the derivatives clearing orgaiuzation to clear such swap by providing written notice to DB a reasonable amormt of time prior to execution of such swap electing that such swap is to be cleared and specifying the derivatives clearing organization selected to clear such swap; and if Chent enters into a swap that is not subject to mandatory clearing without having made the elections described in Section 3.2(a), Chent agrees that any price, rate, or other financial terms of such swap are for an uncleared swap, and clearing such swap after it is entered into cannot occur without the consent of both Chent and DB, which consent may be subject to conditions such as an adjustment to such terms and possible additional payments to take into accormt the fact that the swap is to be cleared. Chent acknowledges and agrees that: if DB does not have a clearing relationship at the derivatives clearing organization selected by Chent pursuant to Section 3.1 or 3.2, DB may be unable to enter into such swap with Chent; and (a) (b) 3.2 (a) EFTA01412737 (b) 33 (a) 6395998 6395998 PART B-PAGE 3 (b) DB may decline to enter into any swap on the terms proposed by Client. DB hereby notifies Client, upon acceptance of a swap for clearing by a derivatives clearing organization, the original swap will be extinguished and will be replaced by two equal and opposite swaps with the derivatives clearing organization, and all the terms of the resulting swaps will conform to the product specifications of the cleared swap established pursuant to the rules of the derivatives clearing organization. DAILY MARK. With respect to a cleared swap: (a) DB hereby notifies Client that Client has the right to receive the daily mark for such cleared swap from the relevant derivatives clearing organization; and (b) Client agrees that Client will obtain any daily mark in respect of any such cleared swap from either the futures commission merchant through which Client clears such swap or from the derivatives clearing organization on which such swap is cleared. With respect to an imcleared swap: (a) Client agrees that, with respect to each uncleared swap between Client and DB, DB will provide Client a daily mark, provided that such daily mark will only be provided on New York business days and will be calculated by DB as of the close of business on the prior New York business day; (b) Client agrees that, in respect of the daily mark for an uncleared swap: (i) such daily mark may not necessarily be set at the price at which DB would agree to replace or terminate the uncleared swap; (ii) unless otherwise agreed in writing by DB and Client, margin calls in respect of the uncleared swap may be based on considerations other than such daily mark; 3.4 4. 4.1 4.2 and (iii) such daily mark may not necessarily be the value of the uncleared swap that is marked in DB's books; (c) Client agrees that DB can deliver any daily mark for an uncleared swap pursuant to this EFTA01412738 Section 4.2 at the email address provided in the Swap Addendum Annex or by posting it on a website as provided in Section 8.3; and (d) Client agrees that, notwithstanding anything in this Section 4.2 to the contrary, DB shall be under no obligation to disclose any confidential or proprietary information about any model used in preparing the daily mark for an imcleared swap. SCENARIO ANALYSIS. DB hereby notifies CHent that, for all swaps that are not "available for trading" on a designated contract market or a swap execution facility. Client may request and consult on the design of a scenario analysis to allow Client to assess its potential exposure in coimection with such swap. Client agrees that, in order to request a scenario analysis pursuant to Section 5.1, Client must submit a written request to DB a reasonable amount of time prior to execution of the swap and Client further agrees that the act of entering into a swap without having made such a written request to DB shall constitute a waiver of Client's right to receive a scenario analysis in respect of such swap. 5. 5.1 5.2 6395998 6395998 PART B-PAGE 4 5.3 Client agrees that (A) unless Client has explicitly asked DB in the written request described in Section 5.2 to consult with Client in the design of a requested scenario analysis, no such consultation is required, and (B) if Client has asked to be consulted, the act of entry into a swap described in a scenario analysis produced after such a consultation shall constitute an acknowledgement by Client that Client is satisfied with the results of that consultation. 6. SWAP DOCUMENTATION. 6.1 As amended and supplemented by this Addendum, the Agreement is the swap trading relationship documentation between the parties for purposes of the CFTC Regulations. 6.2 Acknowledgements/Confirmations. (a) DB hereby notifies Client that it has the right to request in writing that DB furnish it with a draft acknowledgement specifying aU the applicable terms of a proposed swap transaction, other than price and any other term to be agreed at the time of execution, prior to the execution of such swap and Client agrees that the act of EFTA01412739 entering into a swap without having made such a written request to DB shall constitute a waiver of Client's right to receive a draft acknowledgement in respect of such swap; (b) Subject to (c) below, DB shall send Client an acknowledgement of each swap no later than the end of the date of execution and Client agrees to review, sign and return each such confirmation to DB by the end of the first business day following the date of receipt of the acknowledgment. The provisions of this Section 6.2 do not apply to any swap that is either (A) executed on or pursuant to the rules of a designated contract market or swap execution facility, the rules of which provide that confirmation of all terms of the swap take place at the time of execution or (B) submitted to a derivatives clearing organization for clearing, the rules of which provide that confirmation of aU terms of the swap occurs at the same time the swap is accepted for clearing. 6.3 Portfolio Reconciliation. Client acknowledges that in respect of uncleared swaps. Client will be required to engage in portfolio reconciliation with DB annually (if Client has no more than 100 imcleared swaps with DB at any time during the calendar year) or quarterly (if Client has more than 100 uncleared swaps in existence at any time during the calendar quarter) in accordance with the reconciliation procedures set out in Part 7 of the Dodd-Frank Protocol. 6.4 Portfolio Compression (c) DB hereby notifies Client that Client has the right to ask DB to engage in portfolio compression exercises for uncleared swaps and Client agrees and acknowledges that Client will engage in periodic portfolio compression exercises if so requested by DB. DB and Client consent to the termination of fully offsetting swaps as a consequence of the portfolio compression exercises undertaken pursuant to (a) above. VALUATIONS AND DISPUTE RESOLUTION. At end of each business day, DB wiU calculate the Valuation Amount for each swap between DB and Client as of the end of such business day and DB will calculate such Valuation Amounts acting in good faith and using commercially reasonable procedures in order to produce a commercially reasonable result. EFTA01412740 (a) (b) 7. 7.1 6395998 6395998 PART B-PAGE 5 DB will, upon written request of Client, notify Client of Valuation Amounts referred to in (a) above by the end of the first business day following the date on which such Valuation Amount was calculated. Client agrees that DB may provide notice of any such Valuation Amount by sending it to the email address provided in the Swap Addendum Annex or by posting it on a website as provided in Section 8.3. Unless otherwise agreed by both parties, DB shall not be obliged to disclose to Client any confidential, proprietary information regarding any model used by DB to value a swap. If Client wishes to dispute a Valuation Amoimt calculated pursuant to Section 7.1, it must provide written notice to DB by the end of the first business day following the date on which Client received such Valuation Amount, and such notice must include Client's own calculations of the disputed Valuation Amount, determined in good faith and using commercially reasonable procedures in order to product a commercially reasonable result. If Client submits written notice to DB of a disputed Valuation Amount pursuant to Section 7.3 above, then (A) the parties will consult with each other in an attempt to resolve the dispute; and (B) if the parties fail to resolve the dispute in a timely fashion, &en DB shall recalculate the Valuation Amount as of the date of such Valuation Amount's original calculation by seeking four actual quotations at mid-market as of such date fi-om four leading dealers in the relevant market selected by DB in good faith, and taking the arithmetic average of the quotes so obtained, provided that if fewer than four quotes are available, then fewer than four quotations may be used, and if no quotations are available, then DB's original Valuation Amount will be used. DB and Client agree that the calculation of Valuation Amounts pursuant to this Section 7 is solely for purposes of comphance by DB with certain conduct of business requirements rmder the CEA and CFTC Regulations. DISCLOSURES. EFTA01412741 Client acknowledges and agrees that: 7.2 7.3 7.4 7.5 8. 8.1 (a) Client has received, reviewed and understood the product disclosure documentation separately provided by DB via secure website; (b) DB may provide additional disclosure information relevant to specific swaps or classes of swaps Aat Client may enter into with DB; and DB may provide disclosure of material information relating to multiple swaps in a standardized format. (c) 8.2 Client agrees that entry into a swap or any amendment or modification thereof constitutes Client's acknowledgment that it has understood the general and specific disclosures made by DB with respect to that swap or that amendment or modification of a swap and that such disclosures are sufficient for Client to evaluate and assess the material risks and characteristics of the swap, including: (a) market, credit, liquidity, foreign currency, legal, operational, and other applicable risks; (b) the material characteristics of such swap, including the material economic terms of such swap, the terms relating to the operation of such swap, and the rights and obligations of the parties during the term of such swap; and 6395998 6395998 PART B-PAGE 6 (c) the material incentives and conflicts of interest that DB may have in coimection with such swap. 8.3 Client agrees that DB may deliver any general or specific disclosures with respect to a swap through any of the following means, and Client further agrees that each of such means is reliable: (a) via written notice or email to the address or email address set out in the Swap Addendum Annex; (b) by web page at a URL provided to Client in writing by DB; and (c) by any other means agreed by both parties in writing. 8.4 Client agrees that DB may provide oral disclosures of (a) the material economic terms of a swap, EFTA01412742 including price, notional amount and termination date; and (b) subject to the provisions of Section 8.5, any pre-trade mid-market marks, provided that such disclosures are confirmed by DB in a written communication (which confirmation may be provided post-trade) by a means specified in Section 8.3. 8.5 Notwithstanding the requirements of Section 8.4(b), Client agrees that DB need not disclose the pre-trade mid-market mark in respect of any Exempted Pre-Trade Mark Transactions. 9. OTHER REGULATORY NOTIFICATIONS. 9.1 DB hereby notifies Client that DB may disclose transaction and pricing data for a swap to its other customers prior to the public dissemination of such data, provided that such disclosure is made no earlier Aan the disclosure of such data to a registered swap data repository that accepts swap transaction and pricing data for public dissemination. 9.2 DB hereby notifies Client that: (a) Client has the right to require segregation of the funds or other property provided to DB to margin, guaranty or secure Client's obligations in respect of uncleared swaps (other than variation margin payments); and (b) any funds or other property referred to in (a) will be held at a custodian unaffiliated with DB or with Chent in an account segregated, and designated as such, for and on behalf of Client, pursuant to a written agreement between Chent, DB and such custodian. 9.3 DB hereby notifies Client that DB (A) is not an Insured Depository Institution and (B) is not a financial company (as defined in the Dodd-Frank Act). 9.4 DB hereby notifies Client of the following: In the event DB is, or becomes at any time, a covered financial company (as defined in section 201(a)(8) of the Dodd-Frank Act, or an insured depository institution for which the Federal Deposit Insurance Corporation (FDIC) has been appointed as a receiver, certain limitations imder Tide n of the Dodd-Frank Act or the Federal Deposit Insurance Act may apply to the right of the Client to terminate, liquidate, or net any swap by reason of the appointment of the FDIC as receiver, notwithstanding the agreement of the parties in the swap trading relationship documentation, and that tibe FDIC may have certain rights to transfer swaps of the covered party under section 210(c)(9)(A) of the Dodd-Frank Act, 12 U.S.C. 5390(c)(9)(A), or 12 U.S.C. 1821(e)(9)(A). EFTA01412743 9.5 Each party agrees to give notice to the other party if it becomes, or ceases to be, a financial company (as defined in the Dodd-Frank Act) or an Insured Depository Institution. 6395998 6395998 PART B-PAGE 7 10. CONFroENTIALITY. 10.1 Client hereby authorizes DB to disclose confidential information (including, without limitation, material confidential information) that is provided to DB by Client or on Client's behalf and is identified to DB as such ("Confidential Information") where doing so is necessary: (a) for the effective execution of any swap for or with Client; (b) to hedge or mitigate any exposure created by such swap; or (c) to comply with a request of the CFTC, the US Department of Justice, any self-regulatory organization designated by the CFTC, an applicable prudential regulator, or as otherwise required by law. 10.2 Client further authorizes DB to disclose Confidential Information in the following circumstances: (a) in connection with the investigation or defense of any actual or threatened proceeding, inquiry or investigation by any such organization or authority, or (b) in connection with any actual or threatened proceeding or arbitration to which at least both Client and DB are parties or are joined. 10.3 Client consents to the disclosure of Confidential Information and other information to third parties to the extent required by the CEA, the CFTC Regulations or other applicable law, regulation or legal process, including but not limited to disclosures of real-time and swap data reporting information to a swap data repository and large trader reporting information to the CFTC. Client acknowledges that such disclosures could result in information becoming available to the public. 10.4 Client agrees that any information provided to DB from time to time that is generally available publicly at the time such information is provided, or that later becomes generally available publicly (other than as a result of a breach of any express agreement between you and us or applicable law by us), is not considered Confidential Information even if marked confidential. 10.5 Client consents to and agree that, with respect to any information provided by Client to DB from time to time (including, without limitation. Confidential Information), DB EFTA01412744 is authorized to disclose such information to its affiliates and its and their respective agents, advisors, and third - party service providers in connection with: (a) the provision by DB or its affiliates of any products or services to Client; (b) the performance of obligations or exercise of rights under such products or services by Client or by DB or its affiliates; (c) complying with DB's or its affiUates' internal legal, comphance, accoimting or risk management policies; or (d) hedging or mitigating any exposure created by a swap (including anticipatory hedging). 11. REGULATORY REPORTING. 11.1 Client agrees that DB shall be the Reporting Counterparty in respect of all swaps entered into pursuant to this Addendmn. 11.2 Client agrees that, in respect of any International Swap entered into pursuant to this Addendum, if Client is for any reason determined to be the reporting coimterparty for such International Swap under applicable local law or regulation in a non-US jurisdiction. Client will notify DB as soon as practicable of: 6395998 6395998 PART B-PAGE 8 (a) the identity of each non-US trade repository not registered with the CFTC to which Client has reported such International Swap, and (b) the swap identifier used by such non-US trade repository to identity the International Swap. 11.3 Client agrees that, upon the occurrence of any Life Cycle Event relating to a corporate event with respect to Client or any of Client's affiliates in respect of a swap entered into with DB covered by this Addendum, Client will, as soon as practicable, but in no event later than the close of business on the first New York business day following the day on which such Life Cycle Event occurs, notify DB of the occurrence of such Life Cycle Event and provide in such notice sufficient detad regarding such Life Cycle Event to allow DB to comply with any regulatory reporting requirements imposed on it. 11.4 Client agrees that, if Client becomes aware of an error or omission in any of the swap transaction or reporting data in respect of a swap entered into with DB, Client shall promptly notify DB of EFTA01412745 the error and any apphcable correction(s). 12. END-USER EXCEPTION FOR ELIGIBLE NON-FINANCIAL ENTITIES. 12.1 On each date on which Client elects to use the End-User Exception with respect to a particular swap entered into pursuant to this Addendum, Client represents to DB that: (a) Client is either not a Financial Entity or is excluded from the definition of Financial Entity; (b) such swap is being used for purposes of Hedging or Mitigating Commercial Risk; and (c) Either: (A) Client has submitted an End-User Filing to the CFTC no more than 365 days prior to entering into such swap, the information provided in such End-User Filing has been amended as necessary to reflect any material changes thereto, and such End-User Filing covers the particular swap for which such exemption is being claimed; or (B) Client has duly completed the End-User Exception Self-Certification set out in Part 6 of this Protocol and submitted it to DB and the information contained in such End-User Exception Self-Certification is true, accurate and complete in all material respects. 12.2 Client agrees that, in order to elect to use the End -User Exception in Section 12.1 in respect of a swap, Chent must submit a written notice to DB prior to execution of such swap (which notice may be provided as a standing notice that states it is applicable to all swaps there^er imtil Client notifies DB to the contrary generally or with respect to a particular swap). Client further agrees that the act of entering into a swap without having submitted such a written notice to DB shall constitute a waiver of Client's right to elect the End -User Exception in respect of such swap. 6395998 6395998 PART B-PAGE 9 NOTICES. Client shall deliver all notices to DB required under this Addendum via overnight mail or email to the following address: Deutsche Bank AG Address; Taunusanlage 12 60262 Frankfurt am Main, Germany ADDITIONAL INFORMATION; UPDATES. Client represents to DB (which representation is deemed repeated as of the time of each Swap EFTA01412746 Transaction Event) that all information furnished herein or pursuant hereto by Client or on Client's behalf to us is trae, accurate and complete in every material respect and no information provided herein is incorrect or misleading in any material respect. Ghent agrees to promptly notify DB in writing of any material changes to the information or representations made herein, which shall become effective one business day following delivery of such notice. Upon the effectiveness of any notice provided in accordance with this paragraph, the relevant information or representation will be deemed amended in accordance with such notice. In coimection with any swap outstanding between Client and DB, Client agrees to promptly provide DB any information reasonably requested by DB necessary for compliance with the Dodd-Frank Act or any other applicable law or regulation. RECORDING OF CONVERSATIONS. Client consents to the recording by DB and its affiliates of telephone conversations and other electronic voice and/or video communications with Client's trading, marketing, operations and other relevant persoimel, with or without the use of an audible tone or beep, whether or not in connection with any swap, and Client further agrees to obtain the individual consent of any of Client's personnel should such consent be required by the CEA, CFTC Regulations or other apphcable law or regulation. MISCELLANEOUS. DB and Client agree that this Addendum modifies the Agreement solely with respect to "swaps," as such term is defined in Section la(47) of the CEA and CFTC Regulation 1.3(xxx). This Addendum constitutes the entire agreement and understanding of the parties with respect to the subject matter thereof. No amendment or waiver in respect of this Addendum will be effective unless in writing and executed by each of the parties. Any failure or delay in exercising any right, power or privilege in respect of this Addendum will not be presumed to operate as a waiver thereof. This Addendum shall be governed by the law (and not the law of conflicts) of the State of New York. This Addendum may be executed and delivered in counterparts (including by facsimile or email transmission), each of which will be deemed an original. 13. EFTA01412747 14. 14.1 14.2 14.3 15. 16. 16.1 16.2 16.3 16.4 16.5 16.6 (Remainder of page left blank.) 6395998 6395998 PART B-PAGE 10 IN WITNESS WHEREOF, the parties having caused this Addendum to be duly executed by their respective authorized officers. Legal Name of Client Swap Vehicle: V Authorized Signatory Signature: Name: •p- Title: \r<g_ c, I Date: \Q DEUTSCHE BANK AG Authorized Signatory Signature: Name: Title: Date: DEUTSCHE BANK AG Authorized Signatory Signature: Name: Title: Date: 6395998 6395998 PART B-PAGE 11 SWAP ADDENDUM ANNEX CLIENT INFORMATION FORM 1. Please provide the following information regarding Client. Legal Name of Client Swap Vehicle: 5^0-Wv •V r EFTA01412748 I I G»-fe oj ry rca V • f yo. \ e flMM -TWuKaa."LlSV)! 00"02. j Ka.wo" h eAWtr & "owcill. Cc"A Legal Address: Email Address: Principal Occupation / Business: CFTC Interim Compliant Identifier or Legal Entity Identifier': AIVPe").(Bel L V\/4 KSl 2. Does Client have a Swap Agent? ❑ yes ['Nilo If yes, then please provide the foDowing information regarding the Swap Agent. Name: Address: Email: Phone: Each Swap Agent must also complete the Swap Agent Statement provided in Part 4 of this Protocol and return the completed Statement to DB. 3. Will Client's swaps be guaranteed by another entity? ❑ yes ^no If yes, then please provide the following information regarding Client's guarantor. Legal Name: Legal Address: Each Guarantor must also complete the ECP Questionnaire for Guarantors provided in Part 5 of this Protocol and return the completed Questionnaire to DB. 1 The CFTC Interim Compliant Identifier (or "CICI"), which will ultimately be replaced by a Legal Entity Identifier (or "LEI"), is a unique customer identification number used by swap dealers as part of their reporting obligations under the CFTC Regulations. 6395998 A-1 4. Will Client's swaps be subject to control by another entity? ❑ yes ^no If yes, then please provide the following information regarding such entity. Legal Name: Legal Address: 5. ELIGIBLE CONTRACT PARTICIPANT ("ECP") QUESTIONNAIRE (Capitalized terms used in this Questionnaire are defined in the attached Glossary) Please check all that apply: EFTA01412749 Client is acting for its own account and is; ❑ an Investment Company ❑ a Commodity Pool ECP a Large Entity ECP ❑ a Hedging Entity ECP ❑ an Eligible Individual ECP ❑ a Hedging Individual ECP 6. FINANCIAL ENTITY QUESTIONNAIRE (Capitalized terms used in this Questionnaire are defined in the attached Glossary) Client is (please check all that apply): ❑ a Commodity Pool ❑ a Private Fund ❑ an Active Fund ❑ a person predominantly engaged in activities that are in the business of banking, or in activities that are financial in nature, as defined in Section 4(k) of the Bank Holding Company Act. Please describe; 7. SPECIAL ENTITY QUESTIONNAIRE (Capitalized terms used in this Questionnaire are defined in the attached Glossary) Client is (please check all that apply): ❑ a US Federal agency; ❑ a US State, US State agency, city, county, municipality, or other political subdivision of a US State; I I an ERISA Special Entity; 6395998 A-2 0 a governmental plan, as defined in section 3 of ERISA; r—1 an endowment, including an endowment that is an organization described in section 501(c)(3) of the US Internal Revenue Code of 1986; and/or ❑ an employee benefit plan as defined in section 3 of ERISA (other than an ERISA Special Entity) that, by checking this box, is electing to be a Special Entity for purposes of this Addendum. 6395998 A-3 4. SWAP AGENT STATEMENTS Any Swap Agent identified in Section 2 of the Swap Addendum Annex-Client Information Form should read the applicable representation below, then sign and return this Statement to DB. Capitalized terms used in this Questionnaire are defined in the attached Glossary. Legal Name of Client Swap Vehicle: Statement A (For Swap Agents) The undersigned represents (which representation is deemed repeated as of the occurrence of each Swap Communication Event) and warrants that it will exercise independent judgment in evaluating EFTA01412750 recommendations, if any, ofDB with respect to any swap or swap trading strategy. The undersigned agrees to promptly notify DB in writing if any representations made herein become incorrect or misleading in any material respect. Statement B (For a Qualified Independent Representative) The undersigned represents (which representations are deemed repeated as of the occurrence of each Swap Communication Event) and warrants that: it has policies and procedures reasonably designed to ensure that it satisfies all the applicable requirements to be a Qualified Independent Representative as described in Section 23.450(b)(1) of the CFTC external business conduct rules it meets the independence test specified in Section 23.450(c) of the CFTC external business conduct rules; and it is legally obligated to comply with the applicable requirements of Section 23.450(b)(1) of the CFTC external business conduct rules by agreement, condition, rule, regulation, or other enforceable duty. (A) (B) (C) Statement C (For a fiduciary) The undersigned represents (which representation is deemed repeated as of the occurrence of each Swap Communication Event) and warrants that it will not rely on recommendations, if any, of DB with respect to a swap or swap trading strategy Swap Agent Name: Authorized Signatory Signature: Name: Title: Date: 6395998 1 5. ECP QUESTIONNAIRE FOR GUARANTORS Any Guarantor identified in Section 3 of the Swap Addendum Annex-Client Information Form should read the applicable representation below, then sign and return this Statement to DB. Capitalized terms used in this Questionnaire are defined in the attached Glossary. Legal Name of Client Swap Vehicle: Please check all that apply: Guarantor is acting for its own account and is: ❑ a Swap Dealer and/or a Security-Based Swap Dealer 0 a Major Swap Participant and/or a Major Security-Based Swap Participant I I a Financial Institution I I an Insurance Company EFTA01412751 I I an Investment Company ❑ a Commodity Pool ECP ❑ a Large Entity ECP ❑ a Hedging Entity ECP ❑ a Benefit Plan ECP 0 a Governmental Entity I I a broker or dealer subject to regulation under the Exchange Act or a foreign person performing a similar role or function subject to foreign regulation, except that if the broker, dealer or foreign person is an individual or a proprietorship, such person must additionally indicate that they are either a Large Entity ECP or an Eligible Individual ECP ❑ a futures commission merchant subject to regulation imder the CEA or a foreign person performing a similar role or function subject to foreign regulation, except that if the futures commission merchant or foreign person is an individual or a proprietorship, such person must additionally indicate that they are either a Large Entity ECP or an EHgible Individual ECP [-1 an associated person of a registered broker or dealer concerning the financial or securities activities of which the registered person makes and keeps records under sections 15C(b) or 17(h) of the Exchange Act I I an investment bank holding company, as defined in section 17(i) of the Exchange Act 1-1 a floor broker or floor trader subject to regulation under the CEA in connection with swaps transacted on or through a registered entity (other than through an electronic trading facility with respect to a significant price discovery contract) or an exempt board of trade, or any affiliate thereof, on which such person regularly trades ❑ an Eligible Individual ECP 6395998 2 ❑ a Hedging Individual ECP [—I Guarantor qualifies as an "eligible contract participant" pursuant to CFTC Letter No. 12-17. Please describe on a separate sheet of paper. I I Guarantor has been designated by the CFTC as an "eligible contract participant" by rule, regulation or order. Please describe on a separate sheet of paper. Name of Guarantor: Authorized Signatory Signature: Name: Title: Date: 6395998 3 6. END-USER EXCEPTION SELF-CERTIFICATION EFTA01412752 Any Client intending to elect the End-User Exception but that has not filed an End-User Notice in accordance with Section 12.1(c)(A) of the Addendum must complete, sign and return this Self-Certification to DB. Capitalized terms used in this Questionnaire are defined in the attached Glossary. mm Cepvsa, Legal Name of Client Swap Vehicle: On each date on which Client elects to use the End-User Exception with respect to a particular swap entered into pursuant to this Addendum, Client represents to DB that; (a) it is either: (i) not a Financial Entity (notwithstanding any exemptions or exclusions from such definition provided in Section 2(h) of the CEA or related CFTC Regulations); exempt from the definition of Financial Entity as an Exempt Small Financial Institution; or (iii) excluded from the definition of Financial Entity because it only uses swaps to hedge or mitigate the commercial risk of an afiiliated person that is itself not a Financial Entity. (b) such swap is being used for purposes of Hedging or Mitigating Commercial Risk; (c) it has provided DB with the information listed in CFTC Regulation 50.50(b)(1)(iii) and aU such information is trae, accurate and complete in every material respect and covers the particular swap for which the End-User Exception is being claimed; and (d) it generally meets its financial obligations associated with entering into imcleared swaps through one of the following categories {please check all that apply): a written credit support agreement; ^ pledged or segregated assets (including posting or receiving margin prirsuant to a credit support agreement or otherwise; I I a written third-party guarantee; Client's available financial resources; and/or 0 any means other than those described above; (If Client checks this box, please provide further explanation on a separate sheet ofpaper.) (e) it o IS / 0 IS NOT an Exchange Act Reporting Company. If Client is an Exchange Act Reporting Company, it further represents that: (i) its SEC Central Index Key Number is (please insert):; (ii) and an appropriate committee of its board of directors (or equivalent body) Q HAS EFTA01412753 / n HAS NOT reviewed and approved the decision to enter into swaps that are (ii) 6395998 1 exempt from the mandatory clearing and trading requirements of"eetions 2(h)- (1) and 2(h)(8) of the CEA. •VtNeuTA ly Legal Name of Client Swap Vehicle: ^ c,. 0 I Authorized Signatory Signature: V* rii.f»ca—\— Name: Title: ) o f a-\ 1 13 Date: 6395998 2 7. PORTFOLIO RECONCILIATION PROCEDURES The following procedures govern the portfolio reconciliations to be performed between DB and Client DEFINITIONS 1 The capitalized terms used in these procedures have the meanings specified below. 'Data Delivery Date" means a date determined pursuant to these procedures, as applicable, that is a Joint Business Day. "Data Reconciliation" means a comparison of Portfolio Data and, to the extent applicable, SDR Data received or obtained by one party against such party's own books and records of swaps between the parties and, in respect of any Discrepancy, a process for identifying and resolving such Discrepancy. A Data ReconciUation may include (but shall not be required to include or be limited to) a systematic, line- by-line, field-by-field matching process performed using technological means such as a third party portfolio reconciliation service or a technology engine. "Discrepancy" means (i) in respect of the Portfoho Data received with respect to a swap and any SDR Data obtained for such swap, a difference between a Material Term in such Portfoho Data or SDR Data and a party's own records of the corresponding Material Term and (ii) in respect of the Portfolio Data received with respect to a Swap, a difference between a Valuation reported in such Portfoho Data and EFTA01412754 such party's own Valuation of such swap (calculated as of the same Joint Business Day in good faith and using commerciaUy reasonable procedures in order to produce a commercially reasonable result) that is greater than the Discrepancy Threshold Amomit. 'Discrepancy Threshold Amount" means, in respect of a swap, an amount equal to ten percent (10%) of the higher of the two absolute values of the respective Valuations assigned to such swap by both parties. "Joint Business Day" means a day that is a business day for both DB and Client. "Material Terms" means ah terms of a swap required to be reported in accordance with Part 45 of the CFTC Regulations. "Portfolio Data" means, in respect of a party providing or required to provide such data, information (which, for the avoidance of doubt, is not required to include calculations or methodologies) relating to the terms of all outstanding swaps between DB and Client in a form and standard that is capable of being reconciled, with a scope and level of detail that is reasonably acceptable to each party and that describes and includes, without limitation, current Valuations attributed by that party to each such swap. The information comprising the Portfolio Data to be provided by a Party on a Data Delivery Date shall be prepared (i) as at the time or times that such party computes its end of day valuations for swaps (as specified by that party for this purpose in writing) on the immediately preceding Joint Business Day, as apphcable, and (ii) in the case of Valuations, in good faith and using commercially reasonable procedures in order to produce a commerciaUy reasonable result. "SDR Data" means Material Terms data that is available from a swap data repository registered as such with the CFTC. "Valuation" means the current market value or net present value of a swap. 6395998 1 REQUIRED RECONCILIATION DATES 2 From time to time, DB shall provide a notice to Client (each, a "Required Reconciliation Date Notice") in which DB represents that, in its good faith belief, DB is required to perform a Data Reconciliation. A Required Reconciliation Date Notice will specify (i) whether such Data Reconciliation shall be performed quarterly or annually and (ii) if apphcable, one or more Data Delivery Dates. ONE-WAY DELIVERY OF PORTFOLIO DATA EFTA01412755 2.1 3 3.1 Subject to Section 4 below, the following shall apply to all portfolio reconciliations between DB and Ghent: The Required Reconciliation Date Notice will specify one or more Data Dehvery Dates, provided that the first such date will be a day no earlier than the second Joint Business Day following the date on which such notice is given to Client, and provided further that if, prior to the first such date, Client requests one or more different Data Delivery Dates, the relevant Data Delivery Dates will be as agreed between DB and Client. On each Data Dehvery Date, DB will provide Portfolio Data to Client (or its agent) for verification by Chent. For these purposes. Portfolio Data will be considered to have been provided to Chent (and Client wiU be considered to have received such Portfoho Data) if it has been provided (i) in accordance with the notice provisions set out in the Addendum, or (h) to a third-party service provider agreed to between the DB and Client for this purpose. On or as soon as reasonably practicable after each Data Dehvery Date, and in any event not later than the close of business on the second business day following the Data Dehvery Date, Chent whl review the Portfolio Data dehvered by DB with respect to each relevant swap against Chent's own books and records and Valuation for such swap and notify DB whether it affirms the relevant Portfolio Data or has identified any Discrepancy. Chent shall notify DB of ah Discrepancies identified with respect to the Portfoho Data provided. If Chent has notified DB of any Discrepancies in Portfoho Data in respect of any Material Terms or Valuations, then DB and Client agree to consult with the other in an attempt to resolve ah such Discrepancies in a timely fashion. VALUATION DIFFERENCES BELOW THE DISCREPANCY THRESHOLD AMOUNT (a) (b) (c) (d) 4. DB and Chent hereby agree that a difference in Valuations in respect of a swap that is less than EFTA01412756 the Discrepancy Threshold Amount shah not be deemed a "discrepancy" for purposes of CFTC Regulation 23.502 and DB shall not be required by these procedures to notify Chent of such a difference or consult with Client in an attempt to resolve such a difference. The foregoing shah be without prejudice to any right either party may have under apphcable law or regulation,