EFTA00608345.pdf

TO: SI 716786/5664839 213JanI6 0613 EST PROM: DEUTSCHE HANK AC PACE CO Deutsche Bank AG, London Branch 20 January, 2016 PRIVATE CLIENT SERVICES PIMA ALEX BROWN PC SOUTHERN RNANCIN. Doi/echo Bank PG, London Branch LLC .14435414739 Dear SU/ Madam, Subject Deutsche Bank oubtandlng conflanalion - (Second Chaser) The Billowing coolmetIon(s) remain ouelandest In our *Mom Coted you please ensure the milder meshes your prompt stetson and return Mee Wed confirmations at the earliest opporbirity Meese ignore attachment; that you may have already writtened. Reputes NDF Cperasons Deuteche Bank AG o n nch Deutsche Bank AG rs euthcried under Gorden Bankng Les (corrpelent au:homy BeFn - Faders Financial aJpertosingAutnaty) DelsdieBenk AG tendon enrich a further tweaked te the Prudential Regulation Authority and if SUtret to Imted repueban by the Financial Conduct ALircrdi and IstudertalReputehat Astiortyfcr the «remote:LUC business Deutsche Bank AG a apinl stock caprrehat wet fined habits, Inapt/sr in the Federal Republic et Germiny HRH No. 30 000 Derld Caul d (-tankful an Mari. &each Reawaken n England end Wares BR000005. Remised address Wnchester ;base. 1Great Winchester Street. Landon EC2N 206 (10107; sr Intend we only EFTA00608345 TO' 81716786/5664839 20Jan1S 0614 ES? FROMI DEUTSCHE BANK AG PACE 022 Deutsche Bank AG, London Branch Gees•Currency Non•Deliverable Forward FX Transaction Our ret 1110119325-2 PRIVAT I NT SERVICES PWM ALEX BROWN AC SOUTHERN FINANCIAL LLC •14435414739 Dear Sirs, 11 20 Jan:ary, 2016 Amended Confirmation Replaces our Previous Reference 1110119325.1 The purpose of Mb Stet agreement b b confirm the teens and carbons of Ma Non-Delberatle FX Tranesclbn enlaced lnb between us Deutsche Bank AG, London Branch (Party Al and PRIVATE CLIENT SERVICES PWM ALEX BROWN AC SOUTHERN FINANCIAL LLC (Tarty In on the Trade Dale referred to bare (the 'Thsecte) The defintiona and provision contained in the 1938 Flt and Currency Orlon Definitions (as pubis had by the International Swaps and Derialwes Assodaticr, Inc, the Einergiv Markel Trades Assoc ation and The Foreign Es:flange Committee) are incorporated Inb the Confirmation. In the rent of any inconsistency between thole defoliates and pedalo re and thb Continuation, the Conennabon vas soviet If you and we are partee to either an ISDA Interest Rate and Curency Exchange Agreement (for which purposes thie Transaction shall toraltub a °Swap Trarsactir, or an ISOA Master Agreement (In each case an 'Agreement') then nub Cremation supplements. forms pad of and S Subject b such Agreement if you and we are rot yet par-es to an Agreement then this Confiners, t/winces a temples and bedng overlent between Petty A and Party B n to the boons of the Transaction to which the Conilimabon relates. in 'addition Party A and Party El agree to use sit rano:ebb Orb promptly to negothts, *stub and dither an agreement In the for of the ISDA Master Agreement (Mulacurrency - Cross Border) (the ISDA Form`) with such meditation. a you and we Mein goad faith ages. Upon 'scorn by Party A and Petty B of such en agreement this Correlation wil supplement, form part or. and be subject to that agreement NI provisions contained or Incorporated by fl ew* In that agreement upon Its ismer wW govern Mb Consration. Untl we execute ant delver hat agreement his Conlionaten, together with Si other downers resunng to In ISDA Form (each a Torikmatto, conering transactions (ear eTransactonl intend into between us (notwithstanding writhe to the contrary In a Cordinnehon) shall supplement, forma part of and be stb)ect ban agreement in the bim of the ISDA Form as If we had ertuted an agreement on the Trade Dab of he Mat such Transaction between u ant such ion vet the schedule thereto (I) specIfsng orgy that (a) the govamirg tow b English law and (b) the Teimlnaton Currency b U.S. Octets, (b) rieorporatng the adation to the del mean of he Indemnitable The conned In (page 48 of) the ISDA 'Users Guido to the 1992 ISDA Master fleft0M01113. find ON) incorporating anyothir meditations b IfielSDA Form speclfbd below. Drobche Gent AG is luta:abed undo 0errra tiositim law kompnent &tangy •CaEn • ken: Sunda: kpervNne kohority). Oneself Cant AG Lotion bath a Nair suOnnIvad by Ow Prudeneol fregaton halhaily and .s surphs b CPS Nitta than by the fvercial Caldera Ao0ow:tyrd Pr4entAl Rebobricr: Aphairly fa the center of WC bairns. Deutiehe beet AG is a pet std arroonecri vier 'imbed SOW incorporated :n Be Feeeral hoot* of Germany NOS No.30 00) 04Ifot Cowl of Fri ridurtam fain; Breech feµtrt'm tap 2 of EFTA00608346 TOr 61716206/5664639 20Janl 6 0615 EST FROM: DEUTSCHE BANK AC PACE 003 The terms or the Transaction lo which thb Ccriftrm aft co feats am as Mons 1. General Terme: Trade Date. Reference Currency Reference Currency Notional Am out Notions' Amount Forward Rat Reference Currency Buyer: Reference Currency Seller. SettementCurrency. SettlementDab. Senement Settlement Rai Option. Reference Currency Settlement Row Option. SettlementCurrency Settlement Rare °pion. Velveteen Date: 30 October 2015 KRW KRW t 1,6/0,400,000 JPY 1,199,638,506 KRW 9.619896 Per JPY 1.00 Party A Partya JPY 20 January 2016, subject to edjunnent If the Scheduled Valuaion Date le adjusted r aocoidanoi with the Foloveng Business Day convention or It Valuation Postponement apples, and In each such case, the Settlement Date Oat be as soon as mete:able, but In no event later than two Business Days earn the date on which the Spot Rah h determined. Non-Delheintle (Reference Currency Spot Rah) I (SettlementCurrencySpot Rate) KRWKFTC18 (KFIW02) Means the currencyexchange rate (which may be determined from relents cross rates) at the time at vetch such armlet) to determined for bran exchange eansineore In the releront Dummy Pair for value on tea spot settlement dale as pitilthed by WM Company on the relevant Reuters Screen at 16.00 ton (Local line London)or, in element Mat such rah Is not pubithed on such page. such alterratla currency *change rate as the CalcUrmon Agent, acting In good ISO, selects or cotirn Ines 18 January 2016, (•SUroduled Valuation Dahl. subset to adjustment In accordance we the Preineeng Bisbee, Day Convention. provided however, that, ki the event of an Unschermied Holiday, subject b adjustmentin accordance web the Following Business DayComentlon 2. Disruption Innis and Fallbacks applicable tote Reference Currency Spot Rate: DbruptIon Events: Price Source Cenipttn: Disruption Fallbacks: (I) Valuation Postponement OH Ferment Reference Price (ill) Fatback Surrey Valuation Postponement ov) Calculation 'gent Determination of SetlemeM Rah. Appecabb. SFEMC KRW Ind icalve Suney(?(RW04) The panes atknewledge Mat ono or both pines b this Transaction acting directlyor through a branch or an armies may be requested to provide a quotation or quatabort from the to time for the purpose or dolialnilIng th SFEMC KRW Indian:me Survey Rale and such quotation mayelect m a tensity or otherwise, the settlement of the Transactor,. 0nnache Iona AG is afanonsed undo, renran Wad Law (comment autionty •Y on. Pads& Eno-cid Sanaa( Awaonty3 Ontactaa Bark London Wench fs Weer IndhofIsed by tie Prodenthd Poplaton Aulhalty and Ice subfect D Ifo:fed ww/aton by tie Rand (andoct Puthoqy and Prodellial Reslatico Authority for via tanduct al UK twine. °wade dank A0 is a Jeint slat conforadof Wet lofted sniffy Oconaaft fed O de Wined Onfulde of GeIrlarff ORB No 300(0 Dad Cost of frankfort am Man: Porch Reg strafe, in bend and Wet 01000005: Pewstefedaditsr W 'rant, Itylif,1 &eat Wren*, suwatiowson EOM 200.110107) oar I of 5 EFTA00608347 TO: 81716786/5604839 AlJont6 C616 EST FROM, DEUTSCHE BANK AG PAGE 004 "Unscheduled Ho kW Mul mean for the purposes of thb Transaction, that a day is not a Business Day and the market was not aware of such fact (by means of a rubric announcement or by reference to Other pubildyawilable Infomann) will a dome later Inn 9.00 an teat tree en the Principe) Financial Centre of int Reliance Currency bto Business Dap prior to the Schedded Valualan Date. In the event the Scheduled Valuation Date boo= es suMectin the Foliating Business Day GomenDon, and if the Valuation Dab has not occurredon of before the fourteenth conacuthe day a nor the Scheduled Va lug Ibrl Oats (anymuch pined being a 'Deferral Peat), ten the next day after the Deferral Period that woatl haw been a Buenas Day but for the Unscheduled Holiday, sal be darned b be Via Valuation Date "Valuedon Postponement mews for purposes craniaamp a Settlement Rate, that the Spot Rate will be determ lied en the Business Day Snit auxecitng the day on which the Price Source Disrupton ceases b exta unless the Pelee Source De rupan oonaues b exist (measured from the data that but forme occurrence of the Price Source Oh rvegon, wouk1 have Wen be Val into n Dais) fora corneae° number of calendar an equal to the Maximum Days of Poe tponom ent in such event, the SpotRatev.1i I be deteen red on the nal Business Dayalter :he Maximum Dap of Pcsgxnement in accordance with the natapplicable Disruption Fatback 'Fallback Survey Valuation POSIthaleht ere mars that in the event that the Fallback Reference Price is namable on or before the 3rd Business Day (or day that would have been a Business Day butfor an Unscheduled Holiday) succeed rag the end of either 0) Valuation Postponement for Price Source Oberman, (l) Deferral Period for Unschiachad tiolidae or (m) Can ulathe era", then tie Settlement Rate Wit be detachMed r accordance 'AM the nos applicable Dbrupkn Fanbecr on such day. For the avoidance of doubt, Cumulatiws Swint* If applicable, does not preclude postponement of van don in accordance wit. thb proviebn. 'Cum Matra Events' meant excepts* provided below, in no event shell to bbl number of corsecutme calendar den during which either (I) velualan b detested die to an Unscheduled Holiday, or (I) a Valuation Postponementshaloccur (or any combination of ward excited 14 coruscate* calendar days n the aggregate. Accordingly (x) t, upon the lapse of any such 14 day penod, an Unaneduled Hdlidayshal have occurred or be conbnulng on the day ft:downs such pined that Mamas* would haw been a Buskins Day. then such say see II be deemed b be a Valuation Date, and (y) it, upon Me apse of sitysuch 14 day period, a Price Source Demean shell hate occurred or be contnuing on the day bliarIng such aria on which the Spot Rab °themes woad be cebrmired, then Valuation Postporementshal not apply and the Spot Rats shal be determined In accordance with the nerd Diabetic° Fallback 1Aaximien Days of Pcstponernent Fourteen (14) calendar days Business Days applicable to the Valuation Date: Seoul Ovalness Dew applicable b the Sebement Date. Tokyo 3. Calculation Agent: Party A 4. Account Detalts: Account Detain for Party A r t>subche Bank AG Tokyo Account Debuts Cr Party 8 To be advised 8. Offices: The Office of Party A Cr this Transaction b Deu Sch. Bank AG, London Branch The °Mc. of Party 8 for this Tea nsaceo n s DtrJblit ant AG is autrudate under Gasmen wens taw lmmµtent sutra; ty • arm • padesi twain Siang Ashotitid Ceara sank M Lordon bench faller futhodied by de Proclentird Arssubtan Autborit end's tabard to ended nobtim by de Endo ar Gonda hogs Profaned Restart", kindly for me candid of LOX batons. Deutsche lank M os a pet stork assoratcn Wei tinted balite intro Mesta ee Federal hooter of Gormany HO No. 00040 Cesect Cowt of Fra baton am WIN march Pltestrabon in Medd and Wales 8000000S: part of S EFTA00608348 TO: 61716765,5654839 20Jan16 0617 EST FROM: DEUTSCHE BAN)( AG PAGE 005 S. Representattons: Each party represent to the other party as of the dab that it snare Into Mb Transaction that (absent a written agreement between tie perbes Mat owes* Imposes allImiallve obfigatone Sanas contrybr this Transaction). Non-Rellance. It la acting for lb own account and it has made it own Independent deciskire to enter Into St Transacbon and as to whether the Transaclicm e appropriate or proper log it based upon lb own Judgement and upon setts nom sum advben es It has deemed necessary. k Is not revs) on any commutation (written or oral) of the other party as imesiment advice or as a recommendation to enter into this Transaction, it being underrated Mat 'Mon ton end explanations rotted to the terms and conditions or tlhb Transaction shall rot be coral:let to be Imestnent advice or a reocinmendaton to enter into the Innsacbon. No communication (written or oral) recent from me ober party shell be deemed to be an assurance or guarantee as to the opted results of tile Transaction. (a) Assessment and Understanding. Ills coped* of assess Ina the mete Nand undemanding (on lb own behalf or through independent pooteselcmal advice), and understands and accept the terms and conditions and tea of the Transaction. It is alio capable of assurnhg, and assumes, the rake of the Transaction (dl) Stalin of Pallet The other party b not acting as a fiduciary for or adviser to It In respect of this Transaction This Cordimsabon supersedes art replaces any other confirmation (Including a SWIFT AIT300 or ptone confirmation), if any, sent In connection wit bib Transacoon on r prior to the date hereof. Please conks Mat the lo:egoirs correctly sets forth the bans of our agreement by escutng the cony of this Confirm aton enclosed for that purpose and repaning 'Ito us or by sendng to us a letter or tame aunt ntelly sn.lar ks this letter, whIth letter a facsimile see forth Ihe materiel terms of the Transaction to which the Confirmton reties and Indicates pur agreement to Mose buns Confirmed as of Ins oats It nos wrinsn. PRNATE CLIENT SERVICES PWM ALEX BROWN AC SOUTHERN FINANCIAL LLG By BY. Name. Name: Authorised Signatory turdvarlsed Stgraltrry This Is a computer generated confirmation and does not require a Deutsche Bank AG authodaed signature. Dared* tank ad is adsorbed under German brkaw Law bonwecent aatnarity •ISaFts • Federal Fnandal St eniing Paltority). Muncie lank PG Lordon Wench a kilter aulsoised by the Prithineal iliguleCon frathant end a nog to wad egarim by thy Marc Ill colon Atahony ate Named tereUm Mihail) fa she cata a UK babies. Detreutre lank AG is • *it stack argue fat vim &MS levity Federal Ilepubk of Germany NU No.30 003 Masi Cowie of ha fart am Mahn torch iregshadon.n England and Wales 18000035: MN of 5 EFTA00608349 Deutsche Bank Deutsche Bank AG London vandiester House i Creel Virinebeater Skeet. London £C2N 20B Telephone: .44 (0)20 7545 WOO Cate: 15 January 20'6 To Southern Financial LLC Aron0on. CDS Documentation ,Qum Reference' CT9T07.54.M..1.12n9402 Termination Agreement Dear Sir/Madem, The purpose of this communication (this "Termination Agreement') dated as of 15 January 2016 Is to set forth the terms and conditions of the termination with respect to USD 10,000000.00, of the Floating Rate Payer Calculation Amount (the 'Terminated Portion') of the Credit Derivative Transaction between Deutsche Bank AG ("Party Al and Southern Finandel LLC (*Party Et) with a Trade Date of 13 January 2015, a Floating Rate Payer Calculation Amount of USD 10 000.000 00 end a Schedureo Termination Date of 20 March 2020 and in rasped of which the Reference Entity Is FEDERATIVE REPUBUC OF BRAZIL (Party A Reference No. C7970754M) (the "Transaction") Accordingly the parties agree as follows: 1 hindtation: Effective 16 January 2016 (the "Termination Effective Date"), the rights, obligations and liabilities of Party A and Party B and of their respective affiliates, subsidiaries. directors, officers employees and agents under the Transaction are hereby mutually terminated and discharged with reaped to the Terminated Portion. 2. payment Onggainen: In consideration of the termination and dscharge effected by the preceding section, on the 21 January 2016 Party A will pay to Party B an amount equal to USD 1,311,509 00 in immediately available funds to the account specified below. 3. Reoresentattona: Each party hereby represents, with respect to itself, that. (i) it has full power and legal right to execute and deliver, and to perform and observe the terms and provisions of this Termination Agreement (ii) the execution, delivery and performance of this Termination Agreement have been duly authorised by all necessary action and (m) this Termination Agreement Is a legally valid end tinting obligation, enforceable against it in accordance with its terms (subject to applicable bankruptcy, reorgarisaton, insolvency, moratorium or similar laws affecting creditors' rights generally and subject, es to enforceability, to equitable prindples Cff General application (regardess of whether enforcement is sought In a proceeding in equity or allow)). 4 Definitions: All terms used herein which are defined in the Confirmation of the Transaction referred to herein shall have the meaning stated therein. For these purposes, all references in the Definitions or the Agreement to a 'Swap Transaction" shall be deemed to apply to the Transaction referred to herein. 5 Miscellaneous: This Termination Agreement constitutes the entire agreement end understanding of the parties with respect to the subject matter hereof. For the avoidance of doubt, both parties agee that this Transaction shall be terminated In whale vAth effect from the Termination Effective Date. 1 EFTA00608350 6 Govinniga Law: 'he Transaction and all documentation relatng thereto {including, without limitation, this Tem-Ma:on Agreement) and any non-contractual obtgations arising out of or i❑ connection with them, shall be governeb by and construed in accordance wtr the laws governing the Agreement 7 Offices: a) The Office of Party A for the Transactor is London 8 AMSSII.D.efalill Account Deta.ls of Party B Standard Settlement Instructions 2 EFTA00608351 Pease confirm your agreement to be bound by the terms of the foregoing by executing a copy of this Termination Agreement and mita nirg it to us by facsimile to: Yor riv tv m n Deutsche Bank AG, London Branch is actng as principal in dis Transaction. The time of transaction will be supplied on request. if applicable, the following will appy. The time of exercise wii be supplied on request. Details of arrangements with inUoducmg brokers are available on request THIS MESSAGE WILL BE THE ONLY FORM OF TERMINATION AGREEMENT DESPATCHED BY US. PLEASE EXECUTE AND RETURN IT BY FACSIMILE IMMEDIATELY. IF YOU WISH TO EXCHANGE HARD COPY FORMS OF THIS CONFIRMATION PLEASE CONTACT US. Yours faithfully. For and on behalf of DEUTSCHE BANK AG By: Name• -Tae Abate Authorized Signatory Confirmed as of the date first above written SOUTHERN FINANCIAL LLC BY: Name: Tile'. Carlow of no Suprotoy Bra F i Actfoliw liacormel Bon AM Cryan ;CeOwlsany Fare tCoaanroit tar tom sr , Own wow RISS awl WI 'Rift Woe Erma corn Stone ONSCAO Bole AG outicosel overarms Brea loo. .- gooloboY Cower, Crow Orli ow to Rana. Clowony • POW. Mar artwory Aotteowl naF Onto. Velar Oy to AYH** Rfl 'Sty Ice want to %WOW by ow Cocoon OWITa Boo or typo Brion is ,.aran+wa"WMlma to Lard Krodoo by M Inwold Corr Peceq a no Otwoorno Illawasomoulota. 114 Ann: Yawl Canal' AulnaniZed Signatory sy: Name: Title. Otero Bonk/4 at Pant ant COlpreal Ina t , 440 Orgy icepentita In to Was Rop101e el ntevm. Lia Car M Rannei sn Yew Hi No. 30 CCO Orr lioarrom. Oar, wl Woo ofteoantint Ologrood Maly iWatitet Nat 1 Owl YintrosW Sow Lo4r.n EON 203 Drone Sot AO. Wan area,. retry el re Loon, Woo Ctrowt Motto 4boat to ow. ot (Mot amine ore folPioton Pt 7W 0'6;0, 00 Potoonoi•olhoO, 55 MONO by M tondo Can ocrAirtntety. W M LOA t40-4,C Of to. ▪ m at comtontorowoot 0403SWOS,..1) 3 EFTA00608352 T0: 01716709/5664042 20Jan16 0615 EST FROM: DEUTSCHE BARK AC PAGE Del Deutsche Bank AG, London Branch 20 January, 2016 PRIVATE CLIENT SERVICES PWM ALEX BROVVN AC SOUTHERN FINANCIAL Deutsche Bank AG, London Brands LLC FX Options Operalbw M MI +14435414739 Telex 94015556 SvIR DEUTGB2L Direct Lire +44 207 541 1709 Dear Slr/lAadam. Subject Deutsch, Bank outlawing conkmalion — (First Chaser) The follovAng conannatIon(s) remain oubtridng in our system. Plisse swum thb matter receives your prompt attrition grid return the avant d contentions at the eariestopportunit. KindlyWoe contra atbn(s)Maty2 u may haw already confirmed. Ragaida NDF Operations Deutsche Bank AG London Branch Deutsche BankAGa authorised under Germ Banking LeN (competent Whom/ • BaRn • Federal Financial SUMMON' Atnhany) ONAsthe Bank AG London &arch it further euthcrrsed bit the Rudenhal Regulate. Authority and is subject to kited regulation try the ria /MOOS CCOIICI Aultoray and Prudential Rep laticn Alberts to the cellar' d lM business Deutsche Bank AG Ls a kirk stockcatcrabanwth tied natty ricomatiedin the Federal Ropy* d Granny NIB No. 30 000 Gskid Cart d Frandut am Walt Bremth /Wolknem ki England and Wales 88000006. Registered address: Whchester Meuse, 1 Great Weichester Street. Londat EC2N 20B flat 07)For Internal we My EFTA00608353 Wi 81716789/5664842 20Jan16 0618 EST FROM: DEUTSCHE BANK AC PACE D02 Deutsche Bank AG, London Branch Croce.Currency Non•Dellverable Forward FX Transaction Our ret 1161303185-1 PRIVATE CLIENT SERVICES PWM NIX BROWN AC SOUTHERN FINANCIAL LLC e1 4435414739 Dear sin, 20 Jar ary, 2016 don &arch The purpose of in biter agreement b b mann the teens and ccodbors of tie Non•DeIMrable FX Transaction entered Inb between us Deutsche Bank AG. London Branch (•Parry A') and PRIVATE CLIENT SERVICES PWM ALEX BROWN AC SOUTHERN FINANCIAL LLC ("Party B') on the Trace Date refer iec to below (the "Transactbn, The delinitoris lnd provisions contained In the 1998 FX end Currency Option Oefinitlors (as published by the Intemaboral Swaps and Demeans Association. Inc. to Ernemitig markets Traders Assocationard The Fe•eton Exchange Ccineuttin)am Incorporated Into this Conlanebn. In the rant of any inconstancy between those denillone an mons bns and this Conlinaeon, this Cordrmatio n with govern. If you and we are parties b error an ISDA Interest Rate and Currency Exchange Agreement Ow wlech purposes Vbs Transacbon shall content, a •Swap TrarsactIon, or an ISOA WSW Agreement (in each case an 'Agreement') then this Goner:nation supplements. forme part of and b subject le such Agreement If you and we are rat yet panes ban Agreement then lib Conilnallim °oedemas a complete and beidng agreement between Party A and Party B mkt to terms of the Tiansacbon b which tine Conibmation relates. In addition Pasty A and Party B agree b use all rcersorabb efforts prom pay to negotiate. execute and deliver an agreement in the ban of the ISDA Master Agreement (Mulbcunency - Cross Border) (the 'ISDA Form') with ouch modficallans as you and we whin good kWh agree. Upon execution by Party A and Party B or such an agreement this ConMnadon wit supplement form part of and be subject to that agreement NI predatorily contained or Incorporated by reference In that agreement upon Me execution Magoon this Cor'irmation. Untl we execute and delver that agreement this Conarnation together with an other documents referring to tie ISOA Form (each a Tontemationlconarmirg transaction (each a Transaction" entered Into between is (notMthabrdIng anybing to the contrary In a Confmnatbn) shall supplement *marred of, and be eitfect b an agreement In the form of the ISDA Form as t we had snouted an agreement on is Trade Date of the fist such Trersanon between us end such ban Wei Ihe schedule thereto (I) specifyng ordy that (a) the governing bw b English law and (b) the Terminate:In Currency le U.S. Dab is, (:.) Incorporating the aniacir to to Gettrillan of the Indemnifeble Tax' contained in (page 48 of) the ISDA 'Users Gun) b the 1992 ISDA Master Agreements' and (ii) incorporating any other modifications to the 100P Form speckled below. Deuthche Bonk AG ts softwAsed under Germin Onkhre Law laomµtent oprority SARA Weal Randal SperVehe AuthoAty) Orate* lank AG Laden Iamb a rune• authrhod by tte Prodendol Pogue/en &male end o sublett In killed reaulAtihn by UP Feencei Conduct Auttonty erd P•antal Rely:Pen Airflow/ M. ele caiduct of brans Deatsdit Monk AG is • pint Pock twaraLen with limbed Wetly "ecorayated in at Fetal eroarc of Germany see No 30 KO Clint Coot of enara•tem Men; Parch Iferestrourn M lagtord•rd Wales SIOCOCOS: Pepe/rod oddest: sairzoIS EFTA00608354 TO: 01716789/5664842 20Jan16 0620 EST FROM: DEUTSCHE BANK AG PACE 003 Tie terms of tie Tra rhaCCOn b wh!th stile Cortes...I rifle are as follow 1. General Terms: Trade Date. Heft rote Cm rency Reference Currency Notional AmOust NoCOnal Amount Forward Rat Reference Currency Buyer Reference Currency Seller Se Mernent Currency Setberrent Date. Settlement Settlement Rate Option: Reference Currency Settlement Rate Oilmen Settle ment Currency Setlem eM Rafe Option Valuation Date. 15 January 2016 KRW KRW 11 )540.403.000 JPY 1094,914511 KRW 10 540000 Per JPY 1.00 Part/ B Party A JPY 20 January 2015. subject b adjwinent If tie Scheduled Valuation Date cs adjusted In secadance with the Fokming Burner Day convention or II Valuation Postponement apples. and in each spots case. the Settlement Date shall be a soon as practicable, but In no event labor than two Business Dap attain dale on which be Spot Rats b determined. Non-Deliverable (Reference Currency Spot Rate) /(Se teem eni Currency Slot Rate) KRWKFTC18 (KAMM) Means the currency exchange tab (when may be determined from relevant cross rates) at be time at which such rate S to be cbterrnIned for biotin /change transactiors in the relevant Currency Pair for value on to spot settlement deb published by Mil Company on the relevant Reuters Screen at 16.00 bows (local time in London)or, in the event entsuch rate is not pawned on such page, suds anstrolNe currency eXCharige rare as the Calculation Argent acting In good hits, selecb of Mamas. 16 January 2016, ('Scheduled Valuation Dale'), autlect b adjustnert in accordance sr* the Preparing Busbies Day Convention; provided however, that, In tie eke nt of an Unschetbled Robby. subpct a djustnent in accorctince will the Following Business Day Cement/on 2. Disruption Events and Fallbacks applicable to the Reference Currency Spot Rate: Disruption Events: Price Source Da rupeOn Disruption Fellbac (i) Valuation Postponement or) Fatback Reference Price (iii) Fatback Surrey Valuation Pas toonem e nt (w)Celculaton Agent Delerrnineacn of SeWe rent Rate. Applicable. SFEMC KRW indicative Survey (KRYA)4) The pantos ackrowPdge that ore or both pastel b the Transaction sag directly or Croup a branch or an affiliate may be requestiml to provide a quotation or quotations from tune b time for re papose of detenninng the SFEMC KRW Indicative Survey Rats and sacs quotation may effect materially or othenvise, me settlementof the Transaction. Deutsche lank AG liaisthotted under Getman baking law immµtaM autketity -sane Weal Financial Spenreine frattultyl. re ache lank IC Lcedon french% lade• authorised by tie Pudendal bgiMton Agent* and s Napa In NOS segulation by tie linarclar Conduct Authority and Swirled attedatiass Aaltany la the cowlick 01 VIC Mines. Deutsche Bank AG it a Joka stock comomtkw writ Skated rsatilief kworranted W of Fedthal Seoul* el Germany MRS Na. 30000 ekt Cart ol hankfurt am Min: Stench leipstraCak in Enelard and Wes SMOGS: ear 3 eta EFTA00608355 TO: 81716789/5664042 203an'6 0622 EST FROM: DEUTSCHE RANI( AC PACE 004 'Unscheduled Holiday' shad mean for the purposes of gib Translation, that a clay is not a Business Day and the market was not aware of such fact (by moans of s outric of ouncernent or by reference to other publiclyawnbre informabon) until a Une later than 9.00 am boar tweet* Principe) Financial Centre of the Reference Currency no Business Days peer to the Scheduled Valuation Date in tie event the Scheduled Valuaton Date becomes sancta, the Following Business Day Convention, ard lithe Valuation Dab has not OCellfleid on or before the fourteenth consecuhe dayater the Scheduled Valuation Dab (artysuch period being a 'Deferral Per oth), then the next day after te Deferral Period thatwoull have been a Bailees Day but Er the UnstheOaled Holiday, ahel be deemed b be the Valuator Oats. 'Valuation Posthorinnenth mere for purposes nobbling a SettimeM Rob, the the Spot Rats will be Osten feed an the Business Day first elf:census the da y on witch the Price Source Des ruptbn ceases to as( unless ihe Price Source Obruptbn continues b exIst (measured from the dab that, but for the occurrence of the Price Source ObruptIon, would ten been the Valuation Date) fora cons mew number of calendar days equal tome Ma 4n um Days of Postponement In such event. the Spot Rats win be determined on the next Bus Ines, Day alter the Maximum Days of Postponement In accordance with the next applicable CemptIon Fallteck. "Fallback Surrey Valuation Postportemenrt means that, in the event that,* Fallback Reference Price b not available an or before the 3rd Business Day (or day that would have been a Business Day but for an Unscheduled Holiday) s =coning the end of either (I) Valuaton Pcelporement for NCO Source Db ninon, (II) Deferral Period for Unichedtled Ooliday. or (iii) Cienublin Ennis, then the Settlement Rale will be determined accordance with the next applIcatle Dbruprion Feflteck on such day For the a widens of doubt Cu:wrathy Ennis, of applicable, don not preclude postponement of valuation h accordance with his pioVobrt "Curtaubthe Ennis' mew ems pt as provided below, h no eventslnll the fetal cumber of consecutive calendar days cluing which either (Swinger ti deferred due to an Unedualed Holiday, or (a) a Vakielon Postporamenes hall occur (or any combination of Ward (n)). exceed 14 consecutive calendar days In the aggregate. AccordIngry, (x) I, upon the lapse of a by such 14 day period, an U re chest ad Holiday shal have occurred or be continuing on the day followng such period that ebonite would have been a Boldness Day, then such daysreII te deemed b bee Valuation Date, and (y) If. upon the lane of any such 14 day period, a Price Source Dis fusion anal have occurred or te continuing on the dayfollowing such re roc on which the Spot Rate otherwise would be delemilred, then Valuation Poetporementshall not apply and the Spot Rate shal be debmined in accordance with the nextDisruption Fallback. Hyrum Days of Postponement Fourteen (14) calendar days Business Dap appicable to the Valuaton Date: Seoul Business Days applicable to the Settlement Date* Tokyo 3. Calculation Agent: Party A 4. Account Octane: Account Cethrls for Party A aTh eutsche Bank AG Tokva Account Details for Party 8 To be advised S. Offices: The (Ace of Party A for this Transacton b Deutsche Bank AG, London Brandt. The Office of Party 8 for tics Transaction b 0 troche Bent AG is authorised under German larking taw lconwoutot >Wrathy -SaRn • Feta I Randal Stmeeising des.hothy). Detains Sank AG (onion Match is (wow euthadwo by Ow Pewee/ WWI flegulatlon hodealty end a meted lo United tegJellon by Me Feweal Conduct Autarky4M eta:knee Repiatial AtaimAy la the mamba of Lk bainew. Detach, fenk M is a Mint Mack corpaiatiat with liters Habig incorporated In to leant trepobnc of Getterteny HAS No 10 Oa Ol ail Coot of lanidalem Mao:Manch Pepeleatiot lorderel Warn 1100000S; itajeleord Wecnenter abat. 1 Great Westlake knot lokon EQN WS. (10107) Pam 4 ors EFTA00608356 TO: 61716789/5664042 20Jan16 0625 EST FROM: DEUTSCHE BANK AG PACE 005 e. Repreantations: Each party moments b the other party as of th• data that k imam Inns tlb Transaction (Mt (absent a written agreement linemen the parties that expressly Imposes alternates obligations b IN contrarybr Ws Transaction). (I) Non-Reliance. It la acting for Its own account, and k has made lb own Independent decisions to enter Into this Transaction and as b whether the Transaction b amnia* or proper for it based upon lb own Judgement and upon *dna from such schema a It has deemed necessary. It Is not Trying on any coennunicallon (wilten or oral) ol the other party n immanent advice or as a scornmendation b enter into kW Transaction, It being understood that Information and explanations rented b the terms and conditions of the Transaction shall not be tannin to be Innen achice or a recommendabn to enter Inns the Transaction. No communication (wenn or oral) mend from the other pony shall be deemed b be an issuance or parante• as to the ended man of this Tra reaction. (ii) Asseseinath and Understanding. It Is capatis of assented the men of and irderabring (on le own behalf or through independent pansalcnal sent.), and understands and accepb the terms and coeditors and this of thb Transaction It Is ebo capable of sunning, and assumes, the dab of the Transact:ton (II) Status of Paellas. The other party b not fling as a inns br or sensor to t in reaped of thb Transaction. This Confirmation supersedes and replan any other an ninon (Inducing a SHAFT MT300 or phone confirmation). If any, sent in cementer) with Ns Transaction on or prior tic the date torso! Please confirm that tholoregoirg correctlysale forth the terms of our anerntint oy swung the co py of Ins Conti tna uon enclosed br that purpon and rehiring it to us or bysendng b us a star or facsimile substantially similarto this later, which later or facsimile seb forth the materiel terms of the flamenco b which in ConfIrmationrelathe and led kart dour agreement to those terms. Confined as of the date Mat store written: PRIVATE CLIENT S EFrVICES PWM ALEX MOWN AC SOUTHERN FINANCIAL LLC By BY Name: Name Auntie(' Signatory &induct Signory This Is a computer generated confirmation and dais not require a Deutsche Bank AG authorised signature. (*dacha li nk AG n aulhoesed on*, Gorman baking law Nomcctent adbacity • la An • Fedora) Financial Soonciiing andbadlyl• Ikaticaw tank AG Landon Gooch* favor audionsed by the Fralenllal rgaaon Audoaltr and a subject to intited aviation by LM nnorcii Cantina Manly and PAdendel Rewire., Adtherny la she cats or UX haloes. Deutsche tank AG via Obit Mock coloratan web kwriromad in re Fetal Pail* al amens ant No. /0 KO GO bict Coat °I kinklistam an: Stanch agaoacn m NOS a one Wain 11,001COS: EFTA00608357