Common use of Local Bank Clause in Contracts

Local Bank. The Hong Kong Police Credit Union or a Financial Institution satisfying the following requirements is a Non-Reporting HKSAR Financial Institution treated as a certified deemed-compliant FFI for purposes of section 1471 of the U.S. Internal Revenue Code: 1. The Financial Institution operates solely as (and is licensed and regulated under the laws of the HKSAR as) a bank or a credit union or similar cooperative credit organization that is operated without profit; 2. The Financial Institution’s business consists primarily of receiving deposits from and making loans to, with respect to a bank, unrelated retail customers, and with respect to a credit union or similar cooperative credit organization, members with a less than five percent interest in such credit union or cooperative credit organization; 3. The Financial Institution satisfies the requirements set forth in subparagraphs A(2) and A(3) of this section, provided that, in addition to the limitations on the website described in subparagraph A(3) of this section, the website does not permit the opening of a Financial Account; 4. The Financial Institution does not have more than $175 million in assets on its balance sheet, and the Financial Institution and any Related Entities, taken together, do not have more than $500 million in total assets on their consolidated or combined balance sheets; and 5. Any Related Entity must be incorporated or organized in the HKSAR, and any Related Entity that is a Financial Institution, with the exception of any Related Entity that is a retirement fund described in paragraphs A through D of section II of this Annex II or a Financial Institution with only low-value accounts described in paragraph C of this section, must satisfy the requirements set forth in this paragraph B.

Local Bank. The Hong Kong Police Credit Union or a A Financial Institution satisfying the following requirements is a Non-Non- Reporting HKSAR San Marino Financial Institution treated as a certified deemed-compliant FFI for purposes of section 1471 of the U.S. Internal Revenue Code: 1. The Financial Institution operates solely as (and is licensed and regulated under the laws of the HKSAR San Marino as) (a) a bank or (b) a credit union or similar cooperative credit organization that is operated without profit; 2. The Financial Institution’s business consists primarily of receiving deposits from and making loans to, with respect to a bank, unrelated retail customerscustomers and, and with respect to a credit union or similar cooperative credit organization, members with members, provided that no member has a less greater than five percent interest in such credit union or cooperative credit organization; 3. The Financial Institution satisfies the requirements set forth in subparagraphs A(2) and A(3) of this section, provided that, in addition to the limitations on the website described in subparagraph A(3) of this section, the website does not permit the opening of a Financial Account; 4. The Financial Institution does not have more than $175 million in assets on its balance sheet, and the Financial Institution and any Related Entities, taken together, do not have more than $500 million in total assets on their consolidated or combined balance sheets; and 5. Any Related Entity must be incorporated or organized in the HKSARSan Marino, and any Related Entity that is a Financial Institution, with the exception of any Related Entity that is a retirement fund described in paragraphs A through D C of section II of this Annex II or a Financial Institution with only low-value accounts described in paragraph C of this section, must satisfy the requirements set forth in this paragraph B.

Local Bank. The Hong Kong Police Credit Union or a A Financial Institution satisfying the following requirements is a Non-Reporting HKSAR San Marino Financial Institution treated as a certified deemed-deemed- compliant FFI for purposes of section 1471 of the U.S. Internal Revenue Code: 1. The Financial Institution operates solely as (and is licensed and regulated under the laws of the HKSAR San Marino as) (a) a bank or (b) a credit union or similar cooperative credit organization that is operated without profit; 2. The Financial Institution’s business consists primarily of receiving deposits from and making loans to, with respect to a bank, unrelated retail customerscustomers and, and with respect to a credit union or similar cooperative credit organization, members with members, provided that no member has a less greater than five percent interest in such credit union or cooperative credit organization; 3. The Financial Institution satisfies the requirements set forth in subparagraphs A(2) and A(3) of this section, provided that, in addition to the limitations on the website described in subparagraph A(3) of this section, the website does not permit the opening of a Financial Account; 4. The Financial Institution does not have more than $175 million in assets on its balance sheet, and the Financial Institution and any Related Entities, taken together, do not have more than $500 million in total assets on their consolidated or combined balance sheets; and 5. Any Related Entity must be incorporated or organized in the HKSARSan Marino, and any Related Entity that is a Financial Institution, with the exception of any Related Entity that is a retirement fund described in paragraphs A through D C of section II of this Annex II or a Financial Institution with only low-value accounts described in paragraph C of this section, must satisfy the requirements set forth in this paragraph B.

Local Bank. The Hong Kong Police Credit Union or a A Financial Institution satisfying the following requirements is a Non-Non- Reporting HKSAR TECRO Financial Institution treated as a certified deemed-compliant FFI for purposes of section 1471 of the U.S. Internal Revenue Code: 1. The Financial Institution operates solely as (and is licensed and regulated under the laws of the HKSAR authorities represented by TECRO as) (a) a bank or (b) a credit union or similar cooperative credit organization that is operated without profit; 2. The Financial Institution’s business consists primarily of receiving deposits from and making loans to, with respect to a bank, unrelated retail customerscustomers and, and with respect to a credit union or similar cooperative credit organization, members with members, provided that no member has a less greater than five percent interest in such credit union or cooperative credit organization; 3. The Financial Institution satisfies the requirements set forth in subparagraphs A(2) and A(3) of this section, provided that, in addition to the limitations on the website described in subparagraph A(3) of this section, the website does not permit the opening of a Financial Account; 4. The Financial Institution does not have more than $175 million in assets on its balance sheet, and the Financial Institution and any Related Entities, taken together, do not have more than $500 million in total assets on their consolidated or combined balance sheets; and 5. Any Related Entity must be incorporated or organized in the HKSARterritory of the authorities represented by TECRO, and any Related Entity that is a Financial Institution, with the exception of any Related Entity that is a retirement fund described in paragraphs A through D of section II of this Annex II or a Financial Institution with only low-value accounts described in paragraph C of this section, must satisfy the requirements set forth in this paragraph B.

Local Bank. The Hong Kong Police Credit Union or a A Financial Institution satisfying the following requirements is a Non-Reporting HKSAR Chilean Financial Institution treated as a certified deemed-compliant FFI for purposes of section 1471 of the U.S. Internal Revenue Code: 1. The Financial Institution operates solely as (and is licensed and regulated under the laws of the HKSAR Chile as) (a) a bank or (b) a credit union or similar cooperative credit organization that is operated without profit; 2. The Financial Institution’s business consists primarily of receiving deposits from and making loans to, with respect to a bank, unrelated retail customerscustomers and, and with respect to a credit union or similar cooperative credit organization, members with members, provided that no member has a less greater than five percent interest in such credit union or cooperative credit organization; 3. The Financial Institution satisfies the requirements set forth in subparagraphs A(2) and A(3) of this section, provided that, in addition to the limitations on the website described in subparagraph A(3) of this section, the website does not permit the opening of a Financial Account; 4. The Financial Institution does not have more than $175 million in assets on its balance sheet, and the Financial Institution and any Related Entities, taken together, do not have more than $500 million in total assets on their consolidated or combined balance sheets; and 5. Any Related Entity must be incorporated or organized in the HKSARChile, and any Related Entity that is a Financial Institution, with the exception of any Related Entity that is a retirement fund described in paragraphs A through D of section II of this Annex II or a Financial Institution with only low-value accounts described in paragraph C of this section, must satisfy the requirements set forth in this paragraph B.

Local Bank. The Hong Kong Police Credit Union or a A Financial Institution satisfying the following requirements is a Non-Non- Reporting HKSAR Bermuda Financial Institution treated as a certified deemed-compliant FFI for purposes of section 1471 of the U.S. Internal Revenue Code: 1. The Financial Institution operates solely as (and is licensed and regulated under the laws of the HKSAR Bermuda as) (a) a bank or (b) a credit union or similar cooperative credit organization that is operated without profit; 2. The Financial Institution’s business consists primarily of receiving deposits from and making loans to, with respect to a bank, unrelated retail customerscustomers and, and with respect to a credit union or similar cooperative credit organization, members with members, provided that no member has a less greater than five percent interest in such credit union or cooperative credit organization; 3. The Financial Institution satisfies the requirements set forth in subparagraphs A(2) and A(3) of this section, provided that, in addition to the limitations on the website described in subparagraph A(3) of this section, the website does not permit the opening of a Financial Account; 4. The Financial Institution does not have more than $175 million in assets on its balance sheet, and the Financial Institution and any Related Entities, taken together, do not have more than $500 million in total assets on their consolidated or combined balance sheets; and 5. Any Related Entity must be incorporated or organized in the HKSARBermuda, and any Related Entity that is a Financial Institution, with the exception of any Related Entity that is a retirement fund described in paragraphs A through D C of section II of this Annex II or a Financial Institution with only low-value accounts described in paragraph C of this section, must satisfy the requirements set forth in this paragraph B.

Local Bank. The Hong Kong Police Credit Union or a A Financial Institution satisfying the following requirements is a Non-Non- Reporting HKSAR Austrian Financial Institution treated as a certified deemed-compliant FFI for purposes of section 1471 of the U.S. Internal Revenue Code: 1. The Financial Institution operates solely as (and is licensed and regulated under the laws of the HKSAR Austria as) (a) a bank or (b) a credit union or similar cooperative credit organization that is operated without profit; 2. The Financial Institution’s business consists primarily of receiving deposits from and making loans to, with respect to a bank, unrelated retail customerscustomers and, and with respect to a credit union or similar cooperative credit organization, members with members, provided that no member has a less greater than five percent interest in such credit union or cooperative credit organization; 3. The Financial Institution satisfies the requirements set forth in subparagraphs A(2) and A(3) of this section, provided that, in addition to the limitations on the website described in subparagraph A(3) of this section, the website does not permit the opening of a Financial Account; 4. The Financial Institution does not have more than $175 million in assets on its balance sheet, and the Financial Institution and any Related Entities, taken together, do not have more than $500 million in total assets on their consolidated or combined balance sheets; and 5. Any Related Entity must be incorporated or organized in the HKSARAustria, and any Related Entity that is a Financial Institution, with the exception of any Related Entity that is a retirement fund described in paragraphs A through D of section II of this Annex II or a Financial Institution with only low-value accounts described in paragraph C of this section, must satisfy the requirements set forth in this paragraph B.