Common use of Addition Clause in Contracts

Addition. With effect from the date hereof, notwithstanding any provision to the contrary in the Agreement, it is hereby agreed as follows: (i) The Client authorizes the Custodian and its Sub-custodian to settle trades in Taiwan, Republic of China, solely on the basis of broker confirmations in the absence of receipt of Instructions from the Client or Investment Manager; and (ii) Receipt of a broker confirmation pursuant to paragraph (i) above, shall be regarded as an Instruction under the terms of the Agreement and the Custodian shall be entitled to rely upon protections afforded to it under or in connection with the Agreement in acting upon a broker confirmation as if it were an Instruction.