Exempted Securities. Any securities issued by the Corporation (in- cluding any guarantee by the Corporation, whether or not limited in scope) in connection with the raising of funds for inclusion in the Corporation’s resources as defined in article II, section 2 of the agreement, and any securities guaranteed by the Corporation as to both prin- cipal and interest to which the commitment in article II, section 2(e) of the agreement is ex- pressly applicable, shall be deemed to be ex- empted securities within the meaning of section 77c(a)(2) of title 15 and section 78c(a)(12) of title
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