Document:

Exhibit

Exhibit 10.2

FORM OF
EXHIBIT A 
TO AMENDED AND RESTATED 
CHANGE IN CONTROL AGREEMENT

SEPARATION AGREEMENT AND GENERAL RELEASE
Definitions.  All the words used in this Separation Agreement and General Release (“Agreement”) have their plain meaning in ordinary English.  Specific terms used in this Agreement have the following meanings:    
1.Words such as “I” and “me” include both me and anyone who has or obtains any legal rights or claims against “Raven” (defined below) and the “Company” (defined below), and each of them, through me.  My name is ________ .
2.“Raven” means Raven Industries, Inc..
3.The “Company” means Raven, and Raven’s past and present parent, subsidiaries and affiliated entities, and all and each of the past and present Board of Directors, officials, managers, members, governors, agents, officers, directors, employees, shareholders, attorneys, committees, insurers, indemnitors, investors, successors and assigns of any and all of the foregoing entities.
Background.  
1.My employment with Raven ended on ____________  (the “Separation Date”).  I agree not to sign this Agreement prior to the end of my work day on the Separation Date.
2.I have been paid all of my accrued and unused paid time off and all other wages, salary, and monies due and owing to me through the Separation Date.
3.The purpose of this Agreement is to fully and finally release the Company from all of “My Claims” (as defined below) through my signing of this Agreement.
4.In exchange for “My Promises” (defined below), Raven has promised to do the following for me (all and each are “Raven’s Promises”) as long as I sign this Agreement and do not exercise my rights to revoke or rescind as set forth below.
5.I acknowledge and agree that I received this Agreement on the Separation Date and understand that I have 21 days from the Separation Date to decide whether to sign this Agreement.  If I do not sign this Agreement within that timeframe, the offer contained within this Agreement will expire.
6.I acknowledge and agree that I will not sign this Agreement prior to the end of work day on the Separation Date or this Agreement will be null and void.

 1

Exhibit 10.2

7.This Agreement is being entered into pursuant to that certain Amended and Restated Change in Control Agreement between Raven and me dated ____________ (the “CIC Agreement”).

Raven’s Promises.  
1.Severance Pay.  Raven agrees to pay me the amounts and benefits specified in the CIC Agreement at the times specified therein, less any deductions Raven is required to make or believes in good faith it is required to make from that amount.  
My Claims.  The claims I am releasing below (all and each are “My Claims”) include all of my rights to any relief of any kind from the Company through the date on which I sign this Agreement, to the fullest extent permitted by law, including but not limited to:
1.All claims I have now, whether or not I know about or suspect the claims;
2.All claims for attorney’s fees, costs, and disbursements;
3.All rights and claims under the Age Discrimination in Employment Act (“ADEA”), Older Workers Benefit Protection Act (“OWBPA”), the South Dakota Human Relations Act (“SDHRA”), Americans with Disabilities Act (“ADA”), Title VII of the Civil Rights Act of 1964 (“Title VII”), Family and Medical Leave Act (“FMLA”), and any other federal, state, local law, rule, or regulation regarding discrimination and retaliation;  
4.All claims arising out of my employment and my separation from employment with Raven including, but not limited to, breach of contract, wrongful termination, illegal termination, termination in violation of public policy, breach of an implied contract, breach of covenant of good faith and fair dealing, defamation, promissory estoppel, violation of state or federal leave laws, equal pay laws, invasion of privacy, fraud, retaliation, and intentional or negligent infliction of emotional distress; 
5.All claims for any other alleged unlawful employment practices arising out of or relating to my employment or my separation from employment; and
6.All claims for any other form of pay, compensation or remuneration that is not provided in this Agreement.
My Promises.  
1.In exchange for Raven’s Promises (described above), I hereby fully and finally release to the maximum extent permitted by law all of “My Claims” (described above) against the Company, including for example rights and claims under the ADA, SDHRA, OWBPA, ADEA, FMLA,  and Title VII.  I will not bring any lawsuits against the Company except if necessary to enforce the provisions of this Agreement.  The money and benefits that I will receive as set forth in this Agreement as Raven’s Promises are full and fair payment for the release of My Claims.  The 

 2

Exhibit 10.2

Company does not owe me anything in addition to what I will receive under this Agreement.  The money and benefits that I am receiving under this Agreement as Raven’s Promises have a value that is greater than anything else to which I am entitled.  Specifically excluded from my waiver and release of claims are claims or disputes that: (1) by law cannot be released in a private agreement (such as workers’ compensation claims); (2) arise after the effective date of this Agreement; or (3) relate to the obligations of the parties under this Agreement.
2.In exchange for Raven’s Promises, I promise to successfully transition my work responsibilities.  I will provide Raven with a list of any documents and return the work computers or other devices that require password(s) necessary to access such devices or documents.  I will cooperate with Raven and use my best efforts to be available, on a reasonable basis, to answer questions that may arise to achieve a smooth transition after the Separation Date.  I also agree to be available to and cooperate with Raven and its counsel in connection with any investigation, administrative proceeding or litigation relating to any matter, occurring during my employment, in which I was involved or of which I have knowledge.  I understand and agree that such cooperation includes, but is not limited to, making myself available to Raven and/or its counsel upon reasonable notice for: interviews and factual investigations; appearing to give testimony without requiring service of a subpoena or other legal process; volunteering to Raven or its counsel pertinent information; and turning over all relevant documents which are or may come into my possession.  
Additional Agreements and Understandings.  
1.Non-Admission.  Except for the Company’s obligations under the CIC Agreement, the Company does not admit that it is responsible or legally obligated to me, and in fact, the Company denies that it is responsible or legally obligated to me.  I acknowledge that Raven’s Promises described in this Agreement is sufficient consideration to support enforcement of this Agreement.
2.Benefit Plans.  My and Raven’s rights and obligations in any benefit plan in which I participated during my employment are governed by the applicable plan documents.  Further, I am not releasing any rights I may have to be indemnified by Raven for acts or omissions as an employee, officer and/or director of Raven pursuant to any insurance policy, statute, or corporate change or bylaw provision by entering into this Agreement.
3.Filing.  This Agreement does not prohibit me from filing an administrative complaint, or an administrative charge of discrimination with, or cooperating or participating in an investigation or proceeding conducted by, the Equal Employment Opportunity Commission or other federal or state regulatory or law enforcement agency.  If I filed or file such a charge or complaint, the payment and benefits described in this Agreement are in complete satisfaction of any and all claims in connection with such charge or complaint, and I am not entitled to any other monetary relief with respect to the claims released in this Agreement. 
4.Property.  I have delivered to Raven any and all of its records and property in my possession or under my control, including without limitation manuals, books, passwords, blank forms, documents, letters, memoranda, notes, notebooks, passwords, reports, printouts, computer disks, flash drives or other digital storage media, source codes, data, tables or calculations and all copies 

 3

Exhibit 10.2

thereof, documents that in whole or in part contain any trade secrets or confidential, proprietary or other secret information of Raven  and all copies thereof.  I have returned to Raven all equipment, laptop computers, iPads, iPhones, other cellular phones, BlackBerry devices, credit cards, security cards and keys, badges, and files and any other property belonging to Raven, including all copies of same, that were in my possession or control.  I no longer possess or have within my control any of the aforementioned Raven property, information or belongings.  I have not downloaded, diverted, or transferred in any manner any files or other data that are the property of Raven.
5.Non-Disparagement.  I will not intentionally disparage the Company, its products, services, systems, and other matters pertaining to its business.  The prohibitions of this paragraph do not apply to my legally protected communications or communications with the Equal Employment Opportunity Commission, the National Labor Relations Board, or any other federal or state government agency.
6.Confidentiality.  The terms and conditions of this Agreement are strictly confidential.  I will not discuss or reveal the existence or the terms of this Agreement to any persons, entities, or organizations except as follows: (a) as required by law or court order; (b) by me to my immediate family; or (c) to my attorney, financial planner and accountant.  I must ensure that any person or entity described in subsections (b) and (c), to whom such disclosures are made must, as a condition of such disclosure, agree to keep the terms of this Agreement strictly confidential.  This confidentiality provision does not prohibit me from providing this Agreement to the Equal Employment Opportunity Commission, the National Labor Relations Board, or other federal, state or local regulatory agencies.  
7.Remuneration.  I acknowledge and agree that I am not owed any remuneration or benefits from the Company other than the consideration identified within this Agreement including but not limited to wages, commissions, benefits, bonuses, vacation pay, sick pay, paid time off, stock, or any other incentives.    
8.Tax Indemnification.  I acknowledge that I have not relied on any tax advice provided by the Company and that, if necessary, I am responsible for properly reporting the payment and benefits received pursuant to this Agreement and paying any applicable taxes.
Rights to Counsel, Consider, Revoke, and Rescind.   
1.I have been advised to consult with an attorney prior to executing the Agreement.  Raven recommends that I consult with an attorney prior to signing this Agreement.  I can freely choose to seek legal advice before signing this Agreement.
2.I have twenty-one (21) days to consider this Agreement, including my waiver of rights and claims of age discrimination and retaliation under the ADEA and OWBPA, beginning the date on which I received this Agreement.  If I signed this Agreement, then for a period of seven (7) days following the day on which I signed it, I will be entitled to revoke this Agreement, and this Agreement will not become effective or enforceable until after the revocation period has expired.  My waiver of claims in this Agreement does not include any claims that may arise after the date that I sign this Agreement.   

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Exhibit 10.2

3.To revoke my waiver(s), I must put the revocation in writing and deliver it to Raven by hand via ________ or mail it within the 7-day period.  If I deliver the revocation by mail, it must be postmarked within seven (7) calendar days after the date on which I signed this Agreement; addressed to Raven, c/o __________and sent by certified mail, return receipt requested.  
If I exercise my rights to revoke my waivers as provided above, this Agreement will be null and void.  My employment will still end on the Separation Date, and I will not receive Raven’s Promises in this Agreement.
Agreement Freely Entered Into.
I represent that I have voluntarily, and free from duress or undue coercion, made My Promises in this Agreement.    
Severability.
If any provision of this Agreement is unenforceable under applicable law, the validity or enforceability of the remaining provisions will not be affected.  To the extent any provision of this Agreement is judicially determined to be unenforceable, a court of competent jurisdiction may reform any such provision to make it enforceable.  The provisions of this Agreement will, where possible, be interpreted to sustain their legality and enforceability.
Entire Agreement.
This Agreement, together with the CIC Agreement, are the final and complete agreements between Raven, the Company, and me with regard to the matters therein.  Any modification of, or addition to, this Agreement must be in in writing and signed by the parties.
Successors and Assigns.
This Agreement will be binding upon and inure to the benefit of the successors and assigns of Raven, the Company, and me.  I understand that I may not assign this Agreement.
Governing Law And Venue.  
The parties agree that this Agreement shall be interpreted, construed, governed and enforced under and pursuant to the laws of the State of South Dakota.  I irrevocably consent to the exclusive jurisdiction of courts in South Dakota for the purposes of any action arising out of or related to my employment, or any actions for temporary, preliminary, and permanent equitable relief.

 5

Exhibit 10.2

Knowing and Voluntary Agreement.
I have read this Agreement carefully and understand all of its terms.  I have had the opportunity to discuss this Agreement with my own attorney prior to signing it, and to make certain that I understand the meaning of the terms and conditions contained in this Agreement and fully understand the content and effect of this Agreement.  In agreeing to sign this Agreement, I have not relied on any statements or explanations made by Raven, the Company, or all and each of their respective agents or attorneys except as set forth in this Agreement.  I agree to abide by this Agreement.
	
		
	 
	 

	 
	 

	Date___________________
	__________________________________________________

	 
	[EMPLOYEE NAME]

	 
	 

	 
	 

	Date___________________
	RAVEN INDUSTRIES, INC.

	 
	 

	 
	By _______________________________________

	 
	 

	 
	Its _______________________________________

	 
	 

REST OF PAGE INTENTIONALLY LEFT BLANK

 6Exhibit 10.14

 

HSBC  <LOGO>

Commercial Banking-GTRF Receivables Finance Division 

CARM 150709/CM 150715

 

CONFIDENTIAL

 

	THE DIRECTORS	 
	HONG KONG HIGHPOWER TECHNOLOGY CO LIMITED	 
	UNIT 12 15/F TECHNOLOGY PARK 	 
	18 ON LAI ST SHEK MUN SHATIN NT,	 
	HONG KONG	1 September 2015

 

Dear Sirs

 

Offer Letter -
Invoice Discounting / Factoring Agreement

 

With reference to our recent discussions,
we are pleased to offer to provide you with debts purchase services. The services will be made available to you on the terms and
subject to conditions set out in this letter as well as in the Invoice Discounting / Factoring Agreement between you and us (incorporating,
amongst other things, our Standard Conditions For Invoice Discounting / Factoring (“Standard Conditions”) (together
constituting the “Invoice Discounting / Factoring Agreement”)). These
services are subject to review at any time and, in any event by 15 July 2016.

 

This is the Offer Letter referred
to in the Invoice Discounting / Factoring Agreement between
you and us. An expression used in this letter shall have the meaning given to it in the Invoice Discounting / Factoring Agreement,
if such expression appears there.

 

A.         SERVICES
OFFERED BY THE BANK

 

		*	Credit Management - we
provide services in respect of the collection of Debts and/or maintenance of a sales ledger in the manner from time to time determined
by the Bank.

 

		*	Debts shall be purchased on a disclosed basis as set out in Section E below.

 

		*	Debts are purchased on a With Recourse basis.

 

		*	Finance - we may give
you the benefit of Prepayments.

 

	The Hongkong and Shanghai Banking Corporation Limited	 
	Commercial Banking Hong Kong 	 
	GTRF Receivables Finance Division	 
	9/F. HSBC Building MongKok, 673 Nathan Road, MongKok, Kowloon 	 
	Tel: 3941 6211  Fax: 3418 4982  SWIFT: HSBCHKHH	 
	Web Site : www.hsbc.com.hk	

 

    	 	 	Page 1 of 6

     

    

 

 

	B.	BASIC TERMS OF FINANCE SERVICE
	 	 
	 	1.	Funds In Use Limit (FIU Limit)	USD8,000,000.- or its equivalent
	 	 	 	 
	 	2.	Discounting Charge

(on Funds In Use)	
        At 2% per annum over 3 months LIBOR (London
        Interbank Offered Rate) which will be charged on a monthly basis or such other basis as the Bank may notify you from time to time.

         

        For details of benchmark interest rates,
        please refer to the attached Appendix.

	 	 	 	 
	 	3.	Prepayment Percentage /

Funding Limit:	As specified in a Customer Limit Advice issued in respect of the relevant Customer.
	 	 	 	 
	 	4.	Concentration Percentage:	100%.
	 	 	 	 
	 	5.	Eligible Debt Grace Period:	60 days, unless otherwise specified in a Customer Limit Advice issued in respect of the relevant Customer.

 

	C.	BASIC TERMS OF CREDIT PROTECTION SERVICE

 

	 	1.	Credit Cover Percentage(s) / 

Credit Cover Limit(s) /

Credit Protection Events:	As specified in a Customer Limit Advice issued in respect of the relevant Customer.
	 	 	 	 
	 	2.	First Loss:	Nil
	 	 	 	 
	 	We may in our own name take out credit insurance and/or appoint Correspondent Factor(s) to collect payment of the Debts.

 

	D.	BASIC TERMS APPLICABLE TO ALL SERVICES
	 	 
	 	1.	Customer(s):	To be approved by the Bank from time to time and as advised by the Bank to the Client.
	 	 	 	 
	 	2.	Service Charge:	0.15% flat on the face value of the invoice for each Debt.
	 	 	 	 
	 	3.	Maximum Terms of Payment:	120 days unless otherwise specified in a Customer Limit Advice issued in respect of the relevant Customer.
	 	 	 	 
	 	4.	Maximum Invoicing Period:	30 days after the date of delivery of the Goods unless otherwise specified in a Customer Limit Advice issued in respect of the relevant Customer.

 

    	 	 	Page 2 of 6

     

    

 

 

E.          NOTICE
OF ASSIGNMENT FOR DEBTS AND COLLECTION

 

1.          The
Debts of all Customers will be purchased on a disclosed basis (that is, giving the notices of assignment for the Debts) except
as otherwise agreed by us in writing.

 

2.          The
Debts shall be collected and paid into the designated account maintained by you with us and held on trust for us. However, we
have the overriding right at any time to direct any Debt to be paid directly to us.

 

F.          DOCUMENTS
REQUIRED

 

1.          You
shall provide us with the following documents in each case in the form and substance satisfactory to us:-

 

(a)        the
Invoice Discounting / Factoring Agreement made between you
and us;

 

(b)        a
certified extract of your board resolutions approving and authorizing the execution, delivery and performance of this letter and
the Invoice Discounting / Factoring Agreement and designating the Authorized Person(s) in connection with the Invoice Discounting
/ Factoring Agreement;

 

(c)        all
security documents referred to in Section G below; and

 

(d)        such
other documents, terms or evidence that we may require from time to time.

 

No request for any Prepayment may be submitted
prior to our receipt of the above documents.

 

2.         The
following supporting documents are required in relation to each Debt:-

 

(a)        A
copy of the confirmed purchase order (if applicable);

 

(b)        A
copy of the invoice endorsed with and/or accompanied by a note in the form approved by us stating our interest as assignee; and

 

(c)        Evidence
of Delivery of the Goods satisfactory to us.

 

3.          If
we agree, you may provide us with the lists of the Debts (which shall include the names of Customers, invoices numbers, invoices
amounts, due dates of the Debts as well as such other information as required by us) in lieu of the copies of the invoices in respect
of the Debts. Notwithstanding this, you shall at any time, upon request by us, promptly provide us with the copies of the invoices
evidencing the Debts.

 

G.         SECURITY
AND OTHER DOCUMENTATION

 

As security for your obligations and liabilities
to us under, inter alia, this letter and the Invoice Discounting / Factoring Agreement, we require to hold the following:-

 

I.          A Guarantee (limited to USD8,000,000.-) together
with default interest and other costs and expenses from Shenzhen Highpower Technology Co Ltd, Springpower Technology (Shenzhen)
Co Ltd and Huizhou Highpower Technology Co. Ltd together with Board Resolution in substantially the form of that enclosed with
this facility letter. We enclose our standard form of Guarantee for your completion and return.

 

G.         SECURITY
AND OTHER DOCUMENTATION (CONT’D)

 

2.          A
Guarantee (limited to USD8,000,000.-) together with default interest and other costs and expenses from Pan Dangyu. We enclose our
standard form of Guarantee for your completion and return.

 

    	 	 	Page 3 of 6

     

    

 

 

3.          An
assignment of credit insurance policy issued by Sinosure in favour of our Bank for the factored customers. Any changes to insurer’s
cover must be notified to us immediately.

 

To comply with the Code of Banking Practice
and guidance given by the Courts, the Bank needs to obtain your consent before it can provide a copy or summary of the facility,
or information on your outstanding liabilities to the Bank, to any guarantor or other third party providing security (the “Surety”)
or to the Surety’s advisors. In addition, if the Bank is obliged to make any formal demand for repayment because you have
failed to settle an amount due following our customary reminder, the Bank will also need to provide the Surety with a copy of its
demand letter. Whether or not the Bank has made the demand, the Bank will also need to provide the Surety with a copy of the latest
statement of account and/or to give the Surety details of your outstanding liabilities to the Bank, whether actual or contingent.
By accepting this letter, you are deemed to have consented to the Bank providing any of the aforesaid documents or information
to the Surety, to the Surety’s solicitors and other professional advisers. Please note that if this consent is not given,
the Bank will be unable to proceed with the transaction.

 

Please note that all costs and expenses (including
legal fees) incurred by us in connection with the extension of these facilities and any matters arising therefrom are to be reimbursed
by you on demand.

 

H.         SPECIAL
TERMS

 

1.          Please
note that Section 83 of the Banking Ordinance has imposed on us as a bank certain limitations on transactions with persons related
to our directors or employees. In acknowledging this letter, you should advise us whether you are in any way related to any of
our directors or employees within the meaning of Section 83 and in the absence of such advice we will assume that you are not so
related. We would also ask, should you become so related subsequent to acknowledging this letter, that you immediately advise us
in writing.

 

2.          Unless
expressed in writing from you to the contrary, we may provide any information relating to any of your accounts with us and any
facilities we may provide to you from time to time or their conduct or any other information concerning your relationship with
us to any other company or office which at the relevant time belongs to or is part of the HSBC Group.

 

3.          Please note that our standard service charges
arc stipulated in the Bank’s Tariff which is accessible at http://www.commercial.hsbc.com.hk/l/2/commercial/customer_service/tariffs.
We will provide you with a hard copy of the Tariff at your request.

 

4.          This
letter is governed by and construed in accordance with the laws of Hong Kong.

 

5.          In
the event from time to time that the actual amount of Prepayment (as defined in the Invoice Discounting/ Factoring Agreement) exceeds
the Availability, we may, at our sole and absolute discretion, debit such excess amount from your account(s) maintained with us.

 

6.          First
drawdown is subject to successful pre-ledgcr debt verification with buyers or first buyer payment to the trustee account, whichever
is earlier.

 

H.         SPECIAL TERMS (CON’T)

 

7.          Acknowledgement
of notification letter from your customer(s) is required.

 

8.          All
invoices billed to the factored buyers must bear our standard assignment clause

 

9.          Copies
of all invoices billed to the factored buyers must be submitted
to HSBC within 30 days after issuance, along with the relevant Proof of Delivery (POD) and Purchase Orders (if any).

 

10.        No
selective assignment, i.e. all invoices including credit notes and debit notes to the proposed factoring buyers have to be assigned
to HSBC.

 

    	 	 	Page 4 of 6

     

    

 

 

11.        Sample
invoices/ tooling invoices and debit notes will be excluded
for financing.

 

12.        Contacts
(valid email addresses and mailing addresses) of the factored buyers must be provided to us for debt verification and collection
purposes.

 

13.        Notification
letters (format and wording to be supplied by us)
to your customer(s) shall be prepared under your company’s letterhead and returned to
us for our despatch.

 

14.        You
will be required for so long as these facilities are available to you to comply with the following
undertaking(s)/covenant(s). Your compliance or otherwise with the following undertaking(s) /covenant(s) will not in any way prejudice
or affect our right to suspend, withdraw or make demand in respect of the whole or any part of the facilities
made available to you at any time. By signing this letter, you expressly acknowledge that we
may suspend, withdraw or make demand for repayment of the whole or any part of the facilities at any time notwithstanding the fact
that the following undertaking(s)/covenant(s)are included in this letter and whether or not you are in breach of any such undertaking(s)/covenant(s).

 

The Borrower, Hong Kong Highpower Technology
Co Limited, hereby undertakes factored turnover of no less than USD10,000,000.- per annum. Otherwise, commitment fee equal to
the shortfall amount (i.e. USD10,000,000.- minus factored invoice volume) times service charge of 0.15% on invoice value will
be borne by the Client and calculated on pro-rata basis at the end of each quarter. Any applicable commitment fee will be added
to the FIU balance not later than 15th day of the following month. Refund of commitment fee will be arranged if the minimum undertaking
requirement for USD10,000,000.- can be met in 12 months from the facility commencement.

 

A set up fee of USD5,000.- will be charged to
the debit of your current account upon receipt of your acceptance to this offer letter.

 

Please arrange for your authorised signatories
to sign and return to us the duplicate copy of this letter with Appendix to signify your understanding and acceptance of the terms
and conditions under which debts purchase services are offered.

 

This offer will remain open for
acceptance until the close of business on 22
September 2015 and
if not accepted by that date will be deemed to have lapsed.

 

We look forward to the development of a mutually
beneficial and lasting relationship.

 

Yours faithfully For and on behalf of

 

The Hongkong and Shanghai Banking Corporation
Limited

 

 

 

Vice President /ac

 

End

 

We agree to and accept all the terms and conditions
set out above. For and on behalf of

 

Hong Kong Highpower Technology Co Limited

 

    	 	 	Page 5 of 6

     

    

 

 

 

 

APPENDIX; DETAILS
OF BENCHMARK RATES

 

	Benchmark	 	Applicable Currency	 	Definition of Benchmark
	London Interbank Offered Rate (LIBOR) *and 1	 	
        CHF

        EUR

        GBP

        JPY

        USD
	 	
        “LIBOR” means, in relation
        to any advance, the applicable Screen Rate at or around 11:00 am London time two Business Days (or such other time or day as determined
        by the Bank if the market practice differs) before the proposed date of advance and, if any such rate is below zero, LIBOR will
        be deemed to be zero.

         

        “Business Day” means a day
        other than a Saturday or Sunday on which banks are open for general business in London.

         

        “Screen Rate” means the Relevant
        Administrator’s Interest Settlement Rate for the relevant currency and period displayed on the appropriate page of the Reuters
        screen provided that (a) if in the Bank’s sole determination its funding cost is in excess of LIBOR, the Bank may specify
        the cost of funding any facility or financial arrangement; or (b) if the screen page is replaced, not available or such service
        ceases to be available, the Bank may specify another page or service displaying the appropriate rate.

         

        “Relevant Administrator”
        means ICE Benchmark Administration Limited or any other person to whom the administrator function of the LIBOR fixing process is
        transferred from time to time.

 

Note:

 

		1.	Interpolated rates, which refers to rate calculated using linear interpolation
                                                                                                                 method as recommended by The international Swaps and
                                                                                                                 Derivatives Association (ISDA) for situation where there is no current quote available for below
                                                                                                                 maturities:-
 • LIBOR: 2 weeks,
                                                                                                                 4 months, 5 months, 7 months,
                                                                                                                 8 months, 9 months, 10 months and  11
                                                                                                                 months

 

		*	For tenors where fixing is not published by the relevant administrator and the interpolated rate does not apply, the benchmark
rate shall be the rate as specified by the Bank in its sole discretion as its cost of funding the relevant facility or financial
arrangement.

 

    	 	 	Page 6 of 6

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