Common use of Inquiries/ Record Keeping Clause in Contracts

Inquiries/ Record Keeping. (i) Custodian shall maintain electronic records of material notices it receives from the administrative agents of the Loans regarding the Loans and transactions with respect to the Loans for a period of seven years from receipt. (ii) Custodian will provide initial response to e-mail or telephone inquiries by the Fund about the Loan within 2 Business Days. Federated Emerging Market Debt Fund Custodian agrees to waive its Service Fees for Services provided to the Federated Emerging Market Debt Fund for the servicing of the following Loan: Cooperativa dos Agricultores da Regiao de Orlandia (XXXXX BL) – Term Loan, 4.050%, 9/28/2011 Asset ID: 0000000X0 Par: 600,000

Inquiries/ Record Keeping. (i) Custodian shall maintain electronic records of material notices it receives from the administrative agents of the Loans regarding the Loans and transactions with respect to the Loans for a period of seven years from receipt. (ii) Custodian will provide initial response to e-mail or telephone inquiries by the Fund about the Loan within 2 Business Days. Federated Emerging Market Debt Fund Custodian agrees to waive its Service Fees for Services provided to the Federated Emerging Market Debt Fund for the servicing of the following Loan: Cooperativa dos Agricultores da Regiao de Orlandia (XXXXX BLXX) – Term Loan, 4.050%, 9/28/2011 Asset ID: 0000000X0 Par: 600,000

Inquiries/ Record Keeping. (i) Custodian shall maintain electronic records of material notices it receives from the administrative agents of the Loans regarding the Loans and transactions with respect to the Loans for a period of seven years from receipt. (ii) Custodian will provide initial response to e-mail or telephone inquiries by the Fund about the Loan within 2 Business Days. Federated Emerging Market Debt Fund Custodian agrees to waive its Service Fees for Services provided to the Federated Emerging Market Debt Fund for the servicing of the following Loan: Cooperativa dos Agricultores da Regiao de Orlandia (XXXXX CXXXX BL) – Term Loan, 4.050%, 9/28/2011 Asset ID: 0000000X0 1000000X0 Par: 600,000

Inquiries/ Record Keeping. (i) Custodian shall maintain electronic records of material notices it receives from the administrative agents of the Loans regarding the Loans and transactions with respect to the Loans for a period of seven years from receipt. (ii) Custodian will provide initial response to e-mail or telephone inquiries by the Fund about the Loan within 2 Business Days. Federated Emerging Market Debt Fund Custodian agrees to waive its Service Fees for Services provided to the Federated Emerging Market Debt Fund for the servicing of the following Loan: Cooperativa dos Agricultores da Regiao de Orlandia (XXXXX BL) – Term Loan, 4.050%, 9/28/2011 Asset ID: 0000000X0 Par: 600,000600,000 For each Loan purchased by the Portfolio acquired after the execution of this Loan Servicing Agreement: 1. Assignment and Acceptance Agreement or Participation Agreement

Inquiries/ Record Keeping. (i) Custodian shall maintain electronic records of material notices it receives from the administrative agents of the Loans regarding the Loans and transactions with respect to the Loans for a period of seven years from receipt. (ii) Custodian will provide initial response to e-mail or telephone inquiries by the Fund about the Loan within 2 Business Days. Federated Emerging Market Debt Fund Custodian agrees to waive its Service Fees for Services provided to the Federated Emerging Market Debt Fund for the servicing of the following Loan: Cooperativa dos Agricultores da Regiao de Orlandia (XXXXX BLCXXXX BX) – Term Loan, 4.050%, 9/28/2011 Asset ID: 0000000X0 1000000X0 Par: 600,000