Initiation; Confirmation; Termination. (a) An agreement to enter into a Transaction may be made orally or in writing at the initiation of either Buyer or Seller. On the Purchase Date for the Transaction, the Purchased Securities shall be transferred to Buyer or its agent against the transfer of the Purchase Price to an account of Seller. (b) Upon agreeing to enter into a Transaction hereunder, Buyer or Seller (or both), as shall be agreed, shall promptly deliver to the other party a written confirmation of each Transaction (a “Confirmation”). The Confirmation shall describe the Purchased Securities (including CUSIP number, if any), identify Buyer and Seller and set forth (i) the Purchase Date, (ii) the Purchase Price, (iii) the Repurchase Date, unless the Transaction is to be terminable on demand, (iv) the Pricing Rate or Repurchase Price applicable to the Transaction, and (v) any additional terms or conditions of the Transaction not inconsistent with this Agreement. The Confirmation, together with this Agreement, shall constitute conclusive evidence of the terms agreed between Buyer and Seller with respect to the Transaction to which the Confirmation relates, unless with respect to the Confirmation specific objection is made promptly after receipt thereof. In the event of any conflict between the terms of such Confirmation and this Agreement, this Agreement shall prevail. (c) In the case of Transactions terminable upon demand, such demand shall be made by Buyer or Seller, no later than such time as is customary in accordance with market practice, by telephone or otherwise on or prior to the business day on which such termination will be effective. On the date specified in such demand, or on the date fixed for termination in the case of Transactions having a fixed term, termination of the Transaction will be effected by transfer to Seller or its agent of the Purchased Securities and any Income in respect thereof received by Buyer (and not previously credited or transferred to, or applied to the obligations of, Seller pursuant to Paragraph 5 hereof) against the transfer of the Repurchase Price to an account of Buyer.

Initiation; Confirmation; Termination. Notwithstanding anything to the contrary in Paragraph 3 of the SIFMA Master, the following shall apply:

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Initiation; Confirmation; Termination. (a) A Transaction may be entered into orally or in writing at the initiation of either the Buyer or the Seller. (b) Upon agreeing to enter into a Transaction hereunder the Buyer or the Seller, as shall have been agreed, shall by the business day next following a transaction deliver to the other Party written confirmation of such Transaction (a "Confirmation"). The Confirmation shall describe the Purchased Securities (including any identifying number or numbers, if any), identify the Buyer and the Seller and set forth - (i) the Purchase Date; (ii) the Purchase Price; (iii) the Repurchase Date or in the case of no Repurchase Date, that the Transaction is terminable on demand by either Buyer or Seller; (iv) the Pricing Rate applicable to the Transaction; (v) in respect of each Party the details of the bank account(s) to which payments to be made hereunder are to be credited;

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Initiation; Confirmation; Termination. 5.1 A Transaction may be initiated by either the Client or the Dealer pursuant to this Master Retail Repurchase Agreement. On the Purchase Date for each Transaction, the Underlying Securities shall be transferred to Trustee (for the benefit of the Client) or its agent against the transfer of the Purchase Price to the Dealer’s Proprietary Account. 5.2 A Transaction may only be entered into in respect of Underlying Securities which meet the following requirements: a. comply with the requirements set out by the Regulator in writing from time to time and/or in keeping with the Retail Repo Regulations; b. may be immobilised or dematerialised in an approved CSD; c. are not due to mature during the life of the Transaction; and d. are of Good Delivery. 5.3 A Transaction shall be confirmed in writing by a Transaction Confirmation (in the form in Annex I hereto or any other form to which the parties agree) delivered by the Dealer to the Client as set out in clause 5.11. The Transaction Confirmation shall conform with section 38(3) of the Securities Act and shall specify: a. agreement date; b. the Underlying Securities (including the description of the issue and, maturity dates of Underlying Securities, the nominal and market values and amount as well as the International Securities Identification Number or ISIN or other identifying numbers for the Securities (if any); c. the Purchase Date; d. The Purchase Price; e. the Payment Date; f. the Repurchase Price; g. the Repurchase Date h. the Interest Rate applicable to the Transaction; i. the currency denominations of payments in respect of Transactions (including but not limited to Purchase Price, Repurchase Price); j. the Margin Percentage, if different from the Required Margin, applicable to the Transaction; k. any additional information required by the Retail Repo Regulations to be included in the Transaction Confirmation; and l. any special terms or conditions of the Transaction, which terms shall not be inconsistent this Master Retail Repurchase Agreement or the Retail Repo Regulations. 5.4 Transactions in respect of Securities shall be done only through a custodian or sub-custodian with whom the Trustee or a central securities depository operated by the Bank of Jamaica has established a relationship for the purposes of this Agreement. 5.5 Where a Dealer is not in possession of the Underlying Securities at the time of entering into this Master Retail Repurchase Agreement with the Client it is agreed that the Dealer...

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Initiation; Confirmation; Termination. (a) A Transaction may be entered into orally or in writing at the initiation of either Buyer or Seller. (b) Upon agreeing to enter into a Transaction hereunder Buyer or Seller (or both), as shall have been agreed, shall promptly deliver to the other party written confirmation of such Transaction (a “Confirmation”). The Confirmation shall describe the Purchased Securities (including CUSIP or ISIN or other identifying number or numbers, if any), identify Buyer and Seller and set forth - (ii) the Purchase Price; (iii) the Repurchase Date, unless the Transaction is to be terminable on demand (in which case the Confirmation shall state that it is terminable on demand); (iv) the Pricing Rate applicable to the Transaction; (v) in respect of each party the details of the bank account(s) to which payments to be made hereunder are to be credited; (vi) where the Buy/Sell Back Annex applies, whether the Transaction is a Repurchase Transaction or a Buy/Sell Back Transaction; (vii) where the Agency Annex applies, whether the Transaction is an Agency Transaction and, if so, the identity of the party which is acting as agent and the name, code or identifier of the Principal; and (viii) any additional terms or conditions of the Transaction; and may be in the form of Annex II or may be in any other form to which the parties agree. The Confirmation relating to a Transaction shall, together with this Agreement, constitute prima facie evidence of the terms agreed between Xxxxx and Seller for that Transaction, unless objection is made with respect to the Confirmation promptly after receipt thereof. In the event of any conflict between the terms of such Confirmation and this Agreement, the Confirmation shall prevail in respect of that Transaction and those terms only.

Initiation; Confirmation; Termination. An agreement to enter into a Transaction may be made orally or in writing at the initiation of either Buyer of Seller. On the Purchase Date for the Transaction, the Purchased Securities shall be transferred to Buyer or its agent against the transfer of the Purchase Price to an account of Seller.

Initiation; Confirmation; Termination. Paragraph 3 (a) is hereby amended and restated in its entirety to read as follows: (a) An agreement to enter into a Transaction may be made orally or in writing at the initiation of either Buyer or Seller. On the Purchase Date for the Transaction, the Purchased Securities shall be transferred to Buyer or its agent against the transfer of the Purchase Price to an account of Seller. Buyer hereby agrees that its agent for such purposes shall be Citigroup Global Markets Inc.

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