Master Banking Agreement

12. overdrafts; Compensation. The bank may, but is not obliged to enter into a transaction related to the provision of the services, if the customer`s accounts do not have sufficient resources to conclude the transaction. In the event that the Customer`s actions lead to an overdraft in any of the Customer`s accounts, including, but not limited to, the Customer`s inability to retain sufficient assets in any of the Customer`s accounts, the Customer is required to refund the overdraft immediately and without notice or request. The bank has the right, in addition to all other rights and remedies at its disposal, to set off the outstanding balance of an amount due to it in connection with the services to the account of all debts that the bank owes to the customer, including, but not limited to, obligations arising from a repo transaction or funds held at any time by the bank. whether collected or as part of a collection process or on any other account taken or proven by the customer on a certificate of deposit issued by the bank. Where any of the Customer`s accounts are debited, underfunded or, for any reason, have a negative balance, the Bank shall have the right to pay with all of the Customer`s accounts and other accounts of the Customer`s ownership or deposit held with the Bank, and the Bank shall have the right to assert its shares in guarantees held by it; in order to secure the Customer`s debt to the Bank arising out of obligations or other debts due or present under this Agreement or in the future. if matured or liquidated. Over-the-counter (OTC) derivatives are traded between two parties, not through an exchange or intermediary. The size of the OTC market means that risk managers must carefully monitor traders and ensure that approved transactions are properly managed. When two parties enter into a transaction, they each receive a confirmation attesting to the details and referring to the signed agreement.

The terms of the ISDA Framework Agreement then cover the transaction. . . .