ON ANY DATE, THE CATEGORIES OF ASSETS DENOMINATED IN U.S. DOLLARS OR EUROS AND
DESIGNATED AS "CSA ELIGIBLE" ON SCHEDULE A HERETO QUALIFY AS "ELIGIBLE
COLLATERAL" AND THE VALUATION PERCENTAGE FOR EACH SUCH CATEGORY SHALL BE THE
PERCENTAGE CORRESPONDING TO THE CURRENT RATING FOR SUCH CATEGORY ON THE RELEVANT
VALUATION DATE.
FOR THE AVOIDANCE OF DOUBT, ANY ASSET THAT IS NOT ELIGIBLE
COLLATERAL SHALL HAVE A VALUE OF ZERO FOR ALL PURPOSES UNDER THIS CREDIT SUPPORT
ANNEX.
CASH IN U.S. DOLLARS SHALL ALSO CONSTITUTE ELIGIBLE COLLATERAL.
(II)
OTHER ELIGIBLE SUPPORT.
THE FOLLOWING ITEMS WILL QUALIFY AS "OTHER ELIGIBLE SUPPORT" FOR THE PARTY
SPECIFIED:
NOT APPLICABLE.
(III)
THRESHOLD.
(A)
"INDEPENDENT AMOUNT" WITH RESPECT TO PARTY A OR TO PARTY B, IS NOT
APPLICABLE.
(B)
"THRESHOLD" MEANS, WITH RESPECT TO PARTY A, USD 5,000,000, UNLESS
THE SUBORDINATED CLAIMS PAYMENT CONDITION IS NOT MET, IN WHICH CASE IT WILL BE
ZERO.
"THRESHOLD", WITH RESPECT TO PARTY B AND ANY VALUATION DATE IS NOT APPLICABLE.
(C)
"MINIMUM TRANSFER AMOUNT" MEANS, WITH RESPECT TO PARTY A AND PARTY
B, USD 5,000,000, UNLESS THE SUBORDINATED CLAIMS PAYMENT CONDITION IS NOT MET,
IN WHICH CASE IT WILL BE ZERO WITH RESPECT TO PARTY A, AND INFINITY WITH RESPECT
TO PARTY B.
(D)
ROUNDING: THE DELIVERY AMOUNT WILL BE ROUNDED UP TO THE NEAREST
INTEGRAL MULTIPLE OF USD 10,000. THE RETURN AMOUNT WILL BE ROUNDED DOWN TO THE
NEAREST INTEGRAL MULTIPLE OF USD 10,000.
(C)
VALUATION AND TIMING.
(I)
"VALUATION AGENT" MEANS THE REPORTING AGENT (AS DEFINED IN THE
PLEDGE AND ADMINISTRATION AGREEMENT).
(II)
"VALUATION DATE" MEANS EACH OF (A) THE EARLIER OF
(X) SEPTEMBER 28, 2011 AND (Y) ANY SOVEREIGN GUARANTEE UNENFORCEABILITY DATE
(THE "FIRST VALUATION DATE"), (B) EACH DAY AFTER THE FIRST VALUATION DATE WHICH
IS THE LAST BUSINESS DAY IN A CALENDAR WEEK, (EACH OF THE DAYS IN (A) AND (B) A
"SCHEDULED VALUATION DATE") AND (C) ANY ADDITIONAL BUSINESS DAY REQUESTED TO BE
A VALUATION DATE BY FSA OR PARTY A FROM TIME TO TIME WHICH IS NOT A SCHEDULED
VALUATION DATE (AND IS AFTER THE FIRST VALUATION DATE) AND IS NOTIFIED TO PARTY
A OR PARTY B AND FSA, AS APPLICABLE AND THE VALUATION AGENT AT LEAST ONE
BUSINESS DAY IN ADVANCE OF THE PROPOSED ADDITIONAL VALUATION DATE (EACH AN
"ADDITIONAL VALUATION DATE"), PROVIDED THAT THE NUMBER OF ADDITIONAL VALUATION
DATES REQUESTED BY FSA SHALL NOT EXCEED 10 IN ANY CALENDAR YEAR (AND THE NUMBER
OF ADDITIONAL VALUATION DATES REQUESTED BY PARTY A IS NOT LIMITED).
(III)
"VALUATION TIME" MEANS THE CLOSE OF BUSINESS IN THE CITY OF THE
VALUATION AGENT ON THE LOCAL BUSINESS DAY IMMEDIATELY PRECEDING THE VALUATION
DATE OR DATE OF CALCULATION, AS APPLICABLE; PROVIDED THAT THE CALCULATIONS OF
VALUE AND EXPOSURE WILL BE MADE AS OF APPROXIMATELY THE SAME TIME ON THE SAME
DATE.
(IV)
"NOTIFICATION TIME" MEANS 11:00 A.M., NEW YORK CITY TIME, ON A
LOCAL BUSINESS DAY.
(v)
Deemed Demand.
Paragraph 3(a) is amended by adding, immediately
following the words "upon a demand made by the