Document:

2013.09.30 10-Q Exhibit 10.2

Exhibit 10.2
FIRST AMENDMENT
To the 
Dover Corporation Pension Replacement Plan
(As Amended and Restated as of January 1, 2010)
    
WHEREAS, Dover Corporation (the "Corporation") has adopted the Dover Corporation Pension Replacement Plan, as amended and restated as of January 1, 2010 (the "Plan"); and

WHEREAS, Article 9 of the Plan authorizes the Pension Committee (since renamed the "Benefits Committee") to amend the Plan on behalf of the Corporation; and

WHEREAS, the Benefits Committee deems it advisable to amend the Plan in the manner set forth herein.

NOW, THEREFORE, BE IT

RESOLVED that the Plan is amended effective October 15, 2013 as follows:

		
	1.
	Effective October, 15, 2013, Section 2.01 of the Plan is amended and restated in its entirety, as follows:

"Actual Participant" with respect to periods after October 15, 2013, means, subject to Article 3, an Employee who (i) is a U.S. taxpayer and is on a regular U.S. periodic payroll of an Affiliated Company (excluding Employees assigned to work in the United States on a temporary basis) or is assigned to the non-U.S. payroll of an Affiliated Company, (ii) as of December 1, 2013 (A) has a base salary at the annual rate of at least $250,000 or (B) was hired by an Affiliated Company or promoted by an Affiliated Company between January 1, 2012 and December 1, 2013 and has a base salary at the annual rate of at least $210,000, and (iii) is an Employee who holds a position with an Affiliated Company which the Chief Executive Officer of the Company or the Administrator has designated from time to time as eligible for participation in the Plan.  An Employee who meets the foregoing eligibility requirements shall become an Actual Participant in the Plan as of December 1, 2013.  Notwithstanding the foregoing, the Chief Executive Officer of the Company or his or her designee may designate an Employee who does not otherwise meet the requirements of this Section 2.01 as an Actual Participant.  The Chief Executive Officer or his or her designee may also revoke the eligibility of an Actual Participant to continue to participate in the Plan at any time in his or her sole and unreviewable discretion.  The term “Actual Participant” with respect to periods prior to January 1, 2010 shall be determined in accordance with the provisions of the Prior Plan.

		
	2.
	Effective December 1, 2013, Section 3.02 of the Plan is amended by adding the following at the end thereof, as follows:

Effective December 1, 2013, no Employee who is not already an Actual Participant in the Plan as of December 1, 2013 shall thereafter become an Actual Participant and the Plan shall be closed to new participants after December 1, 2013.

		
	3.
	Effective December 31, 2013, Section 3.03 of the Plan is amended by adding the following at the end thereof, as follows:

Notwithstanding any provision of the Plan to the contrary, those Employees of Knowles Corporation, and of those entities which are expected to be spun-off to the shareholders of the Corporation together with Knowles Corporation, who as of December 31, 2013 are actively employed, or on a leave of absence approved, by Knowles Corporation or such entities, shall cease to be Actual Participants in the Plan effective as of December 31, 2013 and such Employees shall not thereafter become Actual Participants in the Plan.  Each such Actual Participant's Additional Years of Service, Applicable Percentage, Final Average Compensation, Compensation, Social Security Integration Level, and Years of Service shall be frozen as of December 31, 2013 and each such Actual Participant's Retirement Benefit under the Plan shall be determined as of December 31, 2013.  The Retirement Benefits for all such Actual Participants shall become 100% nonforfeitable as of December 31, 2013.

The Retirement Benefits for such Employees of Knowles Corporation and the entities to be spun-off to the shareholders of the Corporation  shall be assumed by Knowles Corporation as of the effective date of the spin-off transaction and shall cease to be a liability of the Corporation.

Subject to the right of the Corporation to amend or terminate the Plan at any time and for any reason, it is the intent of the Corporation to freeze the Plan effective as of December 31, 2023.  Actual Participants shall cease accruing benefits under the Plan effective December 31, 2023.  Each such Actual Participant's Additional Years of Service, Applicable Percentage, Final Average Compensation, Compensation, Social Security Integration Level, and Years of Service shall be frozen as of December 31, 2023 and each such Actual Participant's Retirement Benefit under the Plan shall be determined as of December 31, 2023.DHR-2013.9.27-EX-10.1

Exhibit 10.1

Danaher Corporation
Description of Non-Management Director Compensation Arrangements

Each non-management director receives:
 
		
	•
	an annual cash retainer of $100,000, paid in four, equal installments following each quarter of service;        

		
	•
	if a director attends more than twenty (20) Board and Board committee meetings in aggregate during a calendar year, such director will receive a cash meeting fee of $2,000 for each Board and committee meeting attended during such year in excess of such threshold, paid in aggregate following completion of such year;

		
	•
	an annual equity award with a target award value of $140,000, divided equally between options and RSUs.  The target award value attributable to RSUs will be translated into a number of RSUs using the average closing price of Danaher’s common stock over the 15 trading-day trading period ending on the seventh business day before the grant date (rounded up to the nearest five).  The target award value attributable to stock options will be translated into a number of stock options assuming an option value equal to 40% of such average closing price (rounded up to the nearest ten).  The stock options will be immediately exercisable upon grant.  The RSUs will vest upon the earlier of (1) the first anniversary of the grant date, or (2) the date of, and immediately prior to, the next annual meeting of Danaher’s shareholders following the grant date, but the underlying shares are not issued until the earlier of the director’s death or the first day of the seventh month following the director’s retirement from the Board; and

		
	•
	reimbursement for Danaher-related out-of-pocket expenses, including travel expenses. 

In addition, the chair of the Audit Committee receives an annual cash retainer of $25,000, the chair of the Compensation Committee receives an annual cash retainer of $20,000, the chair of the Nominating and Governance Committee receives an annual cash retainer of $15,000 and the lead independent director receives an annual cash retainer of $15,000, in each case paid in four, equal installments following each quarter of service.

Each non-management director can elect to defer all or a part of the cash director fees that he or she receives with respect to a particular year under the Non-Employee Directors’ Deferred Compensation Plan, which is a sub-plan under the 2007 Stock Incentive Plan.  Amounts deferred under the plan are converted into a particular number of phantom shares of Danaher Common Stock, calculated based on the closing price of Danaher’s Common Stock on the date that such quarterly fees would otherwise have been paid.  A director may elect to have his or her plan balance distributed upon cessation of Board service, or one, two, three, four or five years after cessation of Board service.  All distributions from the plan are in the form of shares of Danaher Common Stock.

1Exhibit 4.1

 

THE BANK OF NEW YORK MELLON

NEW YORK’S FIRST BANK-FOUNDED 1784 BY ALEXANDER HAMILTON

 

 

2 HANSON PLACE, 12TH FLOOR, BROOKLYN,
N.Y. 11217

 

 

 

October 17, 2013

 

Hennion & Walsh, Inc.

2001 Route 46, Waterview Plaza

Parsippany, New Jersey 07054

 

Smart Trust, Capital Innovations Global
Infrastructure & MLP Trust, Series 4

Dear Sirs:

The Bank of New
York Mellon is acting as trustee for Smart Trust, Capital Innovations Global Infrastructure & MLP Trust, Series 4 set forth
above (the “Trust”). We enclosed a list of the Securities to be deposited in the Trust on the date hereof. The
prices indicated therein reflect our evaluation of such Securities as of close of business on October 17, 2013, in accordance with
the valuation method set forth in the Trust Indenture and Agreement. We consent to the reference to The Bank of New York Mellon
as the party performing the evaluations of the Trust Securities in the Registration Statement (File No. 333-190592) filed with
the Securities and Exchange Commission with respect to the registration of the sale of the Trust Units and to the filing of this
consent as an exhibit thereto.

 

Very truly yours,

 

      /s/
GERARDO CIPRIANO                     

Gerardo
Cipriano

Vice PresidentExhibit 4.3

 

Consent of Independent
Registered Public Accounting Firm

We consent
to the reference made to our firm under the caption “Independent Registered Public Accounting Firm” in Part B of the
Prospectus and to the use of our report dated October 17, 2013, in this Registration Statement (File No. 333-190592) of Smart Trust,
Capital Innovations Global Infrastructure & MLP Trust, Series 4.

 

/s/ Grant
Thornton LLP

Grant
Thornton LLP

Chicago, Illinois

October 17, 2013Exhibit 4.4

 

 

[FACE OF NOTE]

 

Unless this certificate is presented by an authorized
representative of The Depository Trust Company (55 Water Street, New York, New York) to the issuer or its agent for registration
of transfer, exchange or payment, and any certificate issued is registered in the name of Cede & Co. or such other name as
requested by an authorized representative of The Depository Trust Company and any payment is made to Cede & Co., ANY TRANSFER,
PLEDGE OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL since the registered owner hereof, Cede &
Co., has an interest herein.

 

Unless and until it is exchanged in whole or
in part for Notes in definitive registered form, this Note may not be transferred except as a whole by the Depositary to a nominee
of the Depositary or by a nominee of the Depositary to the Depositary or another nominee of the Depositary or by the Depositary
or any such nominee to a successor Depositary or a nominee of such successor Depositary.

 

	REGISTERED NO. ETN-11	
        [   ] ETNs

        CUSIP: [   ]

        ISIN: [   ]

	 
	
         

        CREDIT SUISSE AG

         

        Credit Suisse FI Enhanced Big Cap Growth Exchange
        Traded Notes (ETNs)

        Linked to the Russell 1000® Growth
        Index Total Return

        due October 22, 2018*

CREDIT SUISSE AG, a corporation organized under
the laws of, and duly licensed as a bank in, Switzerland (the “Company”, which term includes any successor corporation
under the Indenture hereinafter referred to), acting through its Nassau branch (the “Branch”), for value received,
hereby promises to pay to Cede & Co., or registered assigns, at the office or agency of the Company in New York, New York,
the Final Indicative Value of this Note (as defined on the reverse hereof) on the Maturity Date (as defined on the reverse hereof),
in the coin or currency of the United States.

 

Reference is hereby made to the further provisions
of this Note set forth on the reverse hereof, which further provisions shall for all purposes have the same effect as if set forth
at this place. All capitalized terms used herein but not otherwise defined shall have the meaning assigned to them in the Indenture
(as defined on the reverse hereof).

 

This Note shall not be valid or become obligatory
for any purpose until the certificate of authentication hereon shall have been manually signed by the Trustee (as defined on the
reverse hereof) under the Indenture referred to on the reverse hereof.

 

This Note does not bear interest.

 

 

 

 

* Subject to extension as described on the reverse hereof.

    	1

    	 

    

IN WITNESS WHEREOF, the Company, acting through
the Branch, has caused this Note to be duly executed.

	 	
         

        CREDIT SUISSE AG,
	 
	 	acting through its Nassau branch	 
	 	 	 	 	 
	 	 	 	 	 
	 	
         

        By:
	 	 
	 	 	Name:	 	 
	 	 	Title:	Authorized Signatory	 
	 	 	 	 	 
	 	
         

        By:
	 	 
	 	 	Name:	 	 
	 	 	Title:	Authorized Signatory	 

 

    	2

    	 

    

 

CERTIFICATE OF AUTHENTICATION

This is one of the Securities of the series
designated therein referred to in the within-mentioned Indenture.

 

Dated: October    , 2013

 

	 	THE BANK OF NEW YORK MELLON,	 
	 	
        as Trustee

         

         
	 
	 	By:	 	 
	 	 	Authorized Signatory	 

    	3

    	 

    

 

[REVERSE OF NOTE]

 

CREDIT SUISSE AG

 

Credit Suisse FI Enhanced Big Cap Growth Exchange
Traded Notes (ETNs)

Linked to the Russell 1000® Growth
Index Total Return

due October 22, 2018

 

This Note is one of a duly authorized
issue of debentures, notes, bonds or other evidences of indebtedness of the Company (the “Securities”), all
issued or to be issued under and pursuant to a senior indenture, dated as of March 29, 2007 (the “Indenture”),
between the Company and The Bank of New York Mellon (the “Trustee”), to which Indenture and all indentures supplemental
thereto reference is hereby made for a description of the rights, limitations of rights, obligations, duties and immunities thereunder
of the Trustee, the Company, and the beneficial owner (the “Holder”) of the Securities. The Securities may be
issued in one or more series, which different series may be issued in various aggregate principal amounts, may mature at different
times, may bear interest (if any) at different rates, may be subject to different redemption provisions (if any), may be subject
to different sinking, purchase or analogous funds (if any) and may otherwise vary as provided in the Indenture.

This Note (the “Note”)
is one of a series designated as the Credit Suisse FI Enhanced Big Cap Growth Exchange Traded Notes (the “ETNs”)
linked to the Russell 1000® Growth Index Total Return due October 22, 2018.

This Note is issuable only in registered
form without coupons in minimum denominations of $1.00 and any integral multiples of $0.01 in excess thereof at the office or agency
of the Company in the Borough of Manhattan, The City of New York, in the manner and subject to the limitations provided in the
Indenture.

Maturity Date

The scheduled “Maturity Date”
of this Note is initially October 22, 2018, but may be extended at the option of the Company for up to two additional five-year
periods. The Company may only extend the scheduled Maturity Date for five years at a time. If the Company exercises its option
to extend the scheduled Maturity Date, the Company will notify the Holder of this Note and the Trustee at least 45 calendar days
but not more than 60 calendar days prior to the then scheduled Maturity Date. The Company will provide such notice to the Holder
of this Note and the Trustee in respect of each five-year extension of the scheduled Maturity Date that the Company chooses to
effect.

If the scheduled Maturity Date is not
a Business Day, the Maturity Date will be postponed to the first Business Day following the scheduled Maturity Date. If the scheduled
Final Valuation Date is not a Trading Day, the Final Valuation Date will be postponed to the next following Trading Day, in which
case the Maturity Date will be postponed to the third Business Day following the Final Valuation Date as so postponed. If a Market
Disruption Event occurs or is continuing on any Trading Day during the Final Valuation Period, as determined by the Calculation
Agent (as defined below), the Maturity Date will be postponed until the date three Business Days following the Final Valuation
Date, as postponed. No interest or additional payment will accrue or be payable as a result of any postponement of the Maturity
Date.

Payment at Maturity

The Holder of this Note shall receive
a cash payment on the Maturity Date for each ETN not previously accelerated or redeemed equal to the Final Indicative Value (as
defined below).

The “Final Indicative Value”
per ETN will be equal to the arithmetic average of the Closing Indicative Value on each of the immediately preceding five Trading
Days to and including the Final Valuation Date (the “Final Valuation Period”), as calculated by the Calculation
Agent. 

    	R-1

    	 

    

The “Closing Indicative Value”
on the Inception Date is $[   ] (the “Initial Indicative Value”). The Closing Indicative Value on any ETN Business
Day after the Inception Date will be equal to (1) the Closing Indicative Value on the immediately preceding ETN Business Day plus
(2) the Index Amount on the current ETN Business Day minus (3) the Investor Fee on such ETN Business Day minus (4)
the Exposure Fee on such ETN Business Day minus (5) the Rebalance Fee on such ETN Business Day, if applicable; provided
that if the Intraday Indicative Value of the ETNs is equal to or less than zero at any time or the Closing Indicative Value is
equal to zero on any Trading Day, the Closing Indicative Value on that day, and all future days, will be zero. The Closing Indicative
Value will never be less than zero.

If the ETNs undergo a split or reverse
split, the Closing Indicative Value, Rebalanced Indicative Value and Intraday Indicative Value will be adjusted accordingly by
the Calculation Agent, and subsequent calculations under this Note shall be made by reference to the principal amount corresponding
to the adjusted Closing Indicative Value, Rebalanced Indicative Value and Intraday Indicative Value. Upon such adjustment, notice
thereof shall be given to the Trustee.

“Inception Date” means
October 17, 2013.

The “Intraday Indicative Value”
per $[   ] principal amount of this Note will be calculated and published every 15 seconds on each ETN Business Day during normal
trading hours under the ticker symbol “FIBG.IV” so long as no Market Disruption Event has occurred or is continuing
and will be disseminated over the consolidated tape, or other major market vendor. The Intraday Indicative Value at any time is
based on the most recent intraday level of the Index. If the Intraday Indicative Value is equal to or less than zero at any time
or the Closing Indicative Value is equal to zero on any Trading Day, the Closing Indicative Value on that day, and all future days,
will be zero.

“Index”
means the Russell 1000® Growth Index Total Return (Bloomberg ticker symbol “RU10GRTR <Index>”
(or any successor thereto)). The
intraday level and the official Closing Level of the Index are expected to be reported by the Index Sponsor on Bloomberg page “RU10GRTR
<Index>”. At any time on any Trading Day that the intraday level of the Index is not reported by the Index Sponsor
on Bloomberg page “RU10GRTR <Index>”, the intraday level of the Index will be determined to be (a) the Closing
Level of the Index on the immediately preceding ETN Business Day multiplied by (b) the level of the Price Return Index at that
time divided by (c) the closing level of the Price Return Index on the immediately preceding ETN Business Day.

“Price Return Index”
means the Russell 1000® Growth Index (Bloomberg ticker symbol “RLG <Index>” (or any successor
thereto)).

The “Index Amount”
on the Inception Date is 0. On any ETN Business Day after the Inception Date, the Index Amount will be equal to the product of
(1) the Index Units as of the immediately preceding ETN Business Day times (2) the difference between (a) the Closing Level
of the Index on the current ETN Business Day minus (b) the Closing Level of the Index on the immediately preceding ETN Business
Day.

The “Index Units,”
on any ETN Business Day from and including the Inception Date to but excluding the first Rebalance Date, will be equal to 0.090981.
The Index Units will be adjusted upon the occurrence of a Rebalance Event. From and including any Rebalance Date, the Index Units
will equal (1) the Leverage Factor times (2) the Closing Indicative Value on the most recent Rebalance Trigger Date for
which the corresponding Rebalance Date falls on or before the current ETN Business Day divided by (3) the Closing Level
of the Index on such Rebalance Trigger Date.

The “Initial Index Level”
is [             ].

The “Leverage Factor”
is set to 2.0.

The “Investor Fee,”
on any ETN Business Day following the Inception Date, will be equal to the product of (1) the Closing Indicative Value as of the
previous ETN Business Day times (2) 0.05% times (3) the Day Count Fraction.

    	R-2

    	 

    

The “Exposure Fee,”
on any ETN Business Day following the Inception Date, will be equal to the product of (1) the Index Units as of the previous ETN
Business Day times (2) the Financing Rate as of the most recent Quarterly Reference Date prior to the current ETN Business
Day times (3) the Closing Level of the Index as of the most recent Quarterly Reference Date prior to the current ETN Business
Day times (4) the Day Count Fraction.

The “Financing Rate,”
on any LIBOR Business Day, will be equal to the Reference Rate applicable on the immediately preceding Quarterly Reference Date,
plus a spread of 0.52% (52 basis points).

The “Day Count Fraction,”
on any ETN Business Day, will be equal to (1) the number of calendar days from and including the previous ETN Business Day to but
excluding the current ETN Business Day divided by (2) 360.

The “Quarterly Reference Date”
will be each quarterly date on the 17th of each third month, or if such date is not a LIBOR Business Day, the next successive
LIBOR Business Day, commencing on and including the Inception Date.

The “Reference Rate”
is 3 month US dollar LIBOR, which is the London interbank offered rate (British Banker’s Association) for three month deposits
in U.S. dollars, which is displayed on Reuters page LIBOR01 (or any successor service or page for the purpose of displaying the
London interbank offered rates of major banks, as determined by the Calculation Agent), as of 11:00 a.m., London time, on the relevant
Quarterly Reference Date.

The “Closing Level”
of the Index on any ETN Business Day will be the closing level published on Bloomberg under the ticker symbol “RU10GRTR<Index>”
or any successor page on Bloomberg or any successor service, as applicable, as determined by the Calculation Agent; provided
that if such day is not an Index Business Day, the Closing Level of the Index will be deemed to be the Closing Level as of the
immediately preceding Index Business Day, as determined by the Calculation Agent; provided further that in the event a Market
Disruption Event exists on a Valuation Date, the Calculation Agent will determine the Closing Level of the Index,
as set forth under the definition of “Market Disruption Events” herein.

A “Business Day” is
a Monday, Tuesday, Wednesday, Thursday or Friday that is not a day on which banking institutions in New York City or London, England
generally are authorized or obligated by law, regulation or executive order to close.

A “Trading Day” is
a day which is (i) an Index Business Day, (ii) an ETN Business Day and (iii) an Index Component Business Day for each
of the Index Components.

An “Index Business Day”
is any day on which the level of the Index is calculated and published.

With respect to any Index Component,
an “Index Component Business Day” is a day on which trading is generally conducted on the primary securities
exchange on which such Index Component is traded and any exchange on which equity securities or options contracts relating to such
Index Component are traded.

An “ETN Business Day”
is a day on which trading is generally conducted on the New York Stock Exchange, NYSE Arca and Nasdaq.

A “LIBOR Business Day”
is any trading day other than a day on which banking institutions in the city of London, England are authorized or obligated by
law or executive order to be closed

The “Calculation Agent”
means Credit Suisse International (“CSI”) or any successor calculation agent appointed by the Company.

Rebalance Event

If the Closing Indicative Value on any
Trading Day is equal to or less than 60% of the then current Rebalanced Indicative Value (each, a “Rebalance Event”
and such day, a “Rebalance Trigger Date”), the

    	R-3

    	 

    

following Trading Day will be a “Rebalance Date,”
subject to postponement in the event of a Market Disruption Event, and the Calculation Agent will make adjustments to the Index
Amount and Exposure Fee and other relevant terms of the ETNs, as set forth herein.

The “Rebalance Fee,”
on any ETN Business Day that is not a Rebalance Date, will equal zero. On any ETN Business Day that is a Rebalance Date, the Rebalance
Fee per ETN will be equal to the product of (1) 0.05% times (2) the Closing Level of the Index on such Rebalance Date times
(3) the difference between (a) the Index Units on the Trading Day immediately preceding the relevant Rebalance Date minus
(b) the Index Units on such Rebalance Date.

If no Rebalance Event has occurred, the
“Rebalanced Indicative Value” will be the “Initial Reference Value” of $25.00, which represents
the initial theoretical leveraged investment in the Index. Otherwise, the Rebalanced Indicative Value will be the Closing Indicative
Value on the Rebalance Trigger Date immediately preceding the relevant Rebalance Date.

Redemption at the Option of the Holder

A beneficial owner of an interest in
this Note may elect to offer all or a portion of this Note for redemption by the Company on any Business Day beginning on October
17, 2013 through October 10, 2018 (or, if the Maturity Date is extended as described above, five scheduled Trading Days prior to
the scheduled Final Valuation Date, as extended), of at least 10,000 ETNs (the “Minimum Redemption Amount”)
by following the procedures set forth below:

		·	Cause its broker to deliver a notice of redemption, in substantially
the form of Annex A (the “Redemption Notice”), to the Company via email or other electronic delivery as requested
by the Company. If the Redemption Notice is delivered prior to 4:00 p.m., New York City time, on any Business Day, the immediately
following Trading Day shall be the applicable “Early Redemption Valuation Date.” Otherwise, the second following
Trading Day shall be the applicable Early Redemption Valuation Date. If the Company receives the Redemption Notice no later than
4:00 p.m., New York City time, on any Business Day, the Company will respond by sending the broker an acknowledgment of the Redemption
Notice accepting the redemption request by 7:30 p.m., New York City time, on the Business Day prior to the applicable Early Redemption
Valuation Date. The Company or its affiliate must acknowledge to the broker acceptance of the Redemption Notice in order for the
redemption request to be effective;

		·	Cause its broker to cause its DTC custodian to book a delivery
versus payment trade with respect to the principal amount of this Note offered for redemption on the applicable Early Redemption
Valuation Date at a price equal to the applicable Early Redemption Amount, facing the Company; and

 

		·	Cause its broker to cause its DTC custodian to deliver the trade
as booked for settlement via DTC at or prior to 10:00 a.m. New York City time, on the applicable Early Redemption Date (the third
Business Day following the Early Redemption Valuation Date).

Upon compliance with the foregoing procedures,
the Company will be obliged to redeem the portion this Note so requested to be redeemed as set forth under “Payment Upon
Early Redemption” below.

The Company will act as paying agent
in connection with redemptions at the election of the Holder of this Note and upon such redemption the Company shall so advise
the Trustee and deliver the principal amount of this Note that is so redeemed to the Trustee for cancellation.

CSI as the Calculation Agent shall have
the right to reduce, in part or in whole, the Minimum Redemption Amount, and upon such reduction, notice thereof shall be given
to the Trustee.

If the ETNs undergo a split or reverse
split, the minimum number of the ETNs needed to exercise the Holder’s right to redeem will remain the same.

    	R-4

    	 

    

Payment Upon Early Redemption

If this Note is redeemed, on the applicable
Early Redemption Date, the Holder will receive a cash payment in an amount per $[   ] principal amount of this Note submitted for
redemption (the “Early Redemption Amount”) equal to the greater of (A) zero and (B)(1) the Closing Indicative
Value on the applicable Early Redemption Valuation Date minus (2) the Early Redemption Charge, if applicable, as determined
by the Calculation Agent.

The “Early Redemption Date”
is the third Business Day following an Early Redemption Valuation Date. If the applicable Early Redemption Valuation Date is postponed,
as determined by the Calculation Agent, the Early Redemption Date will be postponed until the date three Business Days following
such Early Redemption Valuation Date, as postponed. No interest or additional payment will accrue or be payable hereon as a result
of any postponement of the Early Redemption Date.

The “Early Redemption Charge”
is equal to the product of (i) 0.05% times (ii) the Closing Level of the Index on the Early Redemption Valuation Date times
(iii) the Index Units as of the immediately preceding Trading Day.

Acceleration at the Option of the Company
or Upon an Acceleration Event 

The Company shall have the right to accelerate
this Note in whole or in part on any Business Day occurring on or after the Inception Date (an “Optional Acceleration”).
In addition, if an Acceleration Event occurs at any time with respect to the ETNs, all of the outstanding Notes will be subject
to automatic acceleration (an “Automatic Acceleration”).

An Acceleration Event will occur if the
Intraday Indicative Value of the Index on any Trading Day is less than or equal to 40% of the then current Rebalanced Indicative
Value.

Upon an acceleration of all of the outstanding
ETNs pursuant to an Optional Acceleration, the Holder of this Note will be entitled to receive a cash payment in an amount (the
“Accelerated Redemption Amount”) equal to the arithmetic average of the Closing Indicative Values of such ETNs
during the Accelerated Valuation Period. If all of the outstanding ETNs are accelerated pursuant to an Automatic Acceleration,
the Accelerated Redemption Amount will be determined by the Calculation Agent, in its sole discretion, acting in good faith and
in a commercially reasonable manner, using the latest publicly available quotations for the intraday prices of the relevant Index
Components that are available as soon as practicable following the occurrence of an Acceleration Event. The Calculation Agent will
approximate the intraday Index Amount on the basis of such quotations and calculate a corresponding Intraday Indicative Value minus
the Acceleration Fee, which shall be deemed to be the Accelerated Redemption Amount if the ETNs are accelerated pursuant to an
Automatic Acceleration.

Upon an acceleration of less than all
of the outstanding ETNs pursuant to an Optional Acceleration, the Accelerated Redemption Amount will be equal to the Closing Indicative
Value on the applicable Valuation Date. If less than all the ETNs are to be redeemed pursuant to an Optional Acceleration, the
Trustee shall select, pro rata, by lot or in such manner as it deems appropriate and fair, the ETNs to be redeemed pursuant to
such acceleration. The ETNs accelerated in part may be accelerated in multiples of 10,000 ETNs, or an integral multiple of 10,000
ETNs in excess thereof. The Company will provide at least five Business Days’ notice of any ETNs to be redeemed pursuant
to an Optional Acceleration and, in the case of any ETNs selected for partial redemption, the stated principal amount thereof to
be redeemed. All provisions relating to the acceleration of this Note to be redeemed only in part, relate to the portion of the
stated principal amount of the Note which has been or is to be redeemed pursuant to these acceleration provisions.

In the case of an Optional Acceleration
of all outstanding ETNs, the “Accelerated Valuation Period” shall be a period of five consecutive Trading Days
specified in the Company’s notice of Optional Acceleration, the first Trading Day of which shall be at least two Business
Days after the date on which the Company gives notice of such Optional Acceleration.

    	R-5

    	 

    

In the case of an Automatic Acceleration
of all outstanding ETNs, the “Accelerated Valuation Date” will be the date of the Acceleration Event. In the
case of an Optional Acceleration of less than all outstanding ETNs, the Accelerated Valuation Date will be the first Trading Day
following the date of Company’s notice of acceleration.

The Accelerated Redemption Amount will
be payable on the third Business Day following the Accelerated Valuation Date or the third Business Day following the last Trading
Day in the Accelerated Valuation Period (such date the “Acceleration Date”), as the case may be.  The Company
will give notice of any acceleration of this Note through customary channels used to deliver notices to holders of exchange traded
notes.

If an Acceleration Event occurs, an “Acceleration
Fee” equal to the product of (1) 0.05% times (2) the level of the Index used in determining the Index Amount on
the Accelerated Valuation Date times (3) the Index Units as of the immediately preceding ETN Business Day will apply.

Any ETNs previously redeemed by the Company
at the Holder’s or Company’s option or accelerated following an Acceleration Event will be cancelled on the Early Redemption
Date or the Acceleration Date, as applicable. Consequently, as of such Early Redemption Date or the Acceleration Date, as applicable,
the redeemed ETNs will no longer be Outstanding.

If the last scheduled Valuation Date
in the Accelerated Valuation Period is postponed, as determined by the Calculation Agent, the Acceleration Date will be postponed
until the date three Business Days following the last scheduled Valuation Date in the Accelerated Valuation Period, as postponed.
No interest or additional payment will accrue or be payable hereon as a result of any postponement of the Acceleration Date.

The Company will give the Trustee a copy
of the irrevocable call notice at the same time that it delivers such notice to the Holder of this Note.

Market Disruption Events

The Calculation Agent will be solely
responsible for the determination and calculation of any adjustments to the Index and of any related determinations and calculations
with respect to any event described below and its determinations and calculations will be conclusive absent manifest error.

In respect of the Index, a “Market
Disruption Event” is:

		(a)	the occurrence or existence of a suspension, absence or material
limitation of trading of Index Components then constituting 20% or more of the level of the Index on the relevant exchange for
those securities for more than two hours of trading, or during the one-half hour period preceding the close of the principal trading
session on such relevant exchange; 

		(b)	a breakdown or failure in the price and trade reporting systems of
the relevant exchange for the Index as a result of which the reported trading prices for Index Components then constituting 20%
or more of the level of the Index during the one-half hour preceding the close of the principal trading session on such relevant
exchange are materially inaccurate; 

		(c)	the occurrence or existence of a suspension, absence or material
limitation of trading on the primary related exchange or market for trading in equity securities related to the Index, if available,
during the one-half hour period preceding the close of the principal trading session for such related exchange or market; or

		(d)	a decision to permanently discontinue trading in those related equity
securities. 

in each case, as determined by the Calculation
Agent in its sole discretion; and in each case a determination by the Calculation Agent in its sole discretion that any event described
above materially interfered with Company’s ability or the ability of any of its affiliates to effect transactions in the
Index Components or any instrument related to the Index Components or to adjust or unwind all or a material portion of any hedge
position in the Index with respect to the ETNs.

    	R-6

    	 

    

For the purpose of determining whether
a Market Disruption Event with respect to the Index exists at any time, if trading in a security included in the Index is materially
suspended or materially limited at that time, then the relevant percentage contribution of that security to the level of the Index
will be based on a comparison of (1) the portion of the level of the Index attributable to that security relative to (2) the overall
level of the Index, in each case immediately before that suspension or limitation.

For the purpose of determining whether
a Market Disruption Event in respect of the Index has occurred:

		(a)	a limitation on the hours or number of days of trading will not constitute
a Market Disruption Event if it results from an announced change in the regular business hours of the relevant exchange or the
primary exchange or market for trading in equity securities related to the Index; 

		(b)	limitations pursuant to NYSE Rule 80B (or any applicable rule or
regulation enacted or promulgated by the NYSE, any other U.S. self-regulatory organization, the SEC or any other relevant authority
of scope similar to NYSE Rule 80B) on trading during significant market fluctuations will constitute a suspension, absence or material
limitation of trading; and 

		(c)	a suspension of trading in equity securities related to the Index
by the primary exchange or market for trading in such contracts, if available, by reason of: 

		·	a price change exceeding limits set by such exchange or market; 

		·	an imbalance of orders relating to such contracts; or 

		·	a disparity in bid and ask quotes relating to such contracts;

will, in each such case, constitute
a suspension, absence or material limitation of trading in equity securities related to the Index; and

		(d)	a “suspension, absence or material limitation of trading”
on the primary related exchange or market on which equity securities related to the Index are traded will not include any time
when such exchange or market is itself closed for trading under ordinary circumstances; 

in each case, as determined by the Calculation
Agent in its sole discretion.

If the Calculation Agent determines that
a Market Disruption Event exists in respect of the Index on a Valuation Date or Rebalance Date, then that Valuation Date or Rebalance
Date will be postponed to the first succeeding Trading Day on which the Calculation Agent determines that no Market Disruption
Event exists in respect of the Index, unless the Calculation Agent determines that a Market Disruption Event exists in respect
of the Index on each of the five Trading Days immediately following the scheduled Valuation Date or Rebalance Date. In that case,
(a) the fifth succeeding Trading Day following the scheduled Valuation Date or Rebalance Date will be deemed to be such Valuation
Date for the Index, notwithstanding the Market Disruption Event in respect of the Index, and (b) the Calculation Agent will determine
the closing level for the Index on that deemed Valuation Date or Rebalance Date in accordance with the formula for and method of
calculating the Index last in effect prior to the commencement of the Market Disruption Event in respect of the Index using exchange-traded
prices on the relevant exchanges (as determined by the Calculation Agent in its sole discretion) or, if trading in any component
comprising the Index has been materially suspended or materially limited, the Calculation Agent’s good faith estimate of
the prices that would have prevailed on the relevant exchanges (as determined by the Calculation Agent in its sole discretion)
but for the suspension or limitation, as of the valuation time on that deemed Valuation Date or Rebalance Date, of each component
comprising the Index.

If a Market Disruption Event exists in
respect of the Index during the Accelerated Valuation Period or Final Valuation Period, (such disrupted date, the “Disrupted
Valuation Date”), all of the Valuation Dates that are scheduled to occur on consecutive Trading Days following such Disrupted
Valuation Date, if any, will be postponed by the corresponding number of days by which such Disrupted Valuation Date is postponed
as a result of such Market Disruption Event.

    	R-7

    	 

    

If the Final Valuation Date, the Valuation
Date corresponding to an Early Redemption Date or the last scheduled Valuation Date in the Accelerated Valuation Period is postponed,
the Maturity Date, the corresponding Early Redemption Date or the Acceleration Date, as the case may be, will be postponed until
the date three Business Days following such Final Valuation Date, Valuation Date corresponding to an Early Redemption Date or last
scheduled Valuation Date in the Accelerated Valuation Period, as postponed.

“Index Components”
means the equity securities comprising the Index from time to time.

Discontinuation
or Modification of the Index

If Russell Investments (the “Index
Sponsor”) discontinues publication of the Index and the Index Sponsor or anyone else publishes a substitute index that
the Calculation Agent determines is comparable to the Index, then the Calculation Agent will permanently replace the original Index
with that substitute index (the “Successor Index”) for all purposes under this Note, and all provisions described
herein as applying to the Index will thereafter apply to the Successor Index instead. If the Calculation Agent replaces the original
Index with a Successor Index, then the Calculation Agent will determine the Early Redemption Amount, Accelerated Redemption Amount
or Maturity Redemption Amount (each, a “Redemption Amount”), as applicable, by reference to the Successor Index.

If the Calculation Agent determines that
the publication of the Index is discontinued and there is no Successor Index, the Calculation Agent will determine the level of
the Index, and thus the applicable Redemption Amount, by a computation methodology that the Calculation Agent determines will as
closely as reasonably possible replicate the Index.

If the Calculation Agent determines that
the Index, the equity securities included in the Index or the method of calculating the Index is changed at any time in any respect,
including whether the change is made by the Index Sponsor under its existing policies or following a modification of those policies,
is due to the publication of a Successor Index, is due to events affecting the equity securities included in the Index or is due
to any other reason and is not otherwise reflected in the level of the Index by the Index Sponsor pursuant to the methodology,
then the Calculation Agent will be permitted (but not required) to make such adjustments in the Index or the method of its calculation
as it believes are appropriate to ensure that the Closing Level of the Index used to determine the applicable Redemption Amount
is equitable.

Calculation Agent

CSI will serve as the Calculation Agent.
The Calculation Agent will, in its reasonable discretion, make all calculations and determinations regarding the value of this
Note, including at maturity, upon early redemption or acceleration, Market Disruption Events, Business Days and Trading Days, the
ETN Fees, the Closing Level of the Index on any ETN Business Day, the Maturity Date, any Early Redemption Dates, Rebalance Dates,
the Acceleration Date, the amount payable in respect of this Note at maturity, upon early redemption or acceleration and any other
calculations or determinations to be made by the Calculation Agent as specified herein. CSI will have the sole ability to make
determinations with respect to reduction of the Minimum Redemption Amount, the occurrence of an Acceleration Event, calculation
of default amounts and whether a Market Disruption Event has occurred, and will have the sole responsibility to calculate and disseminate
the Closing Indicative Value and the Intraday Indicative Value and make determinations regarding a Trading Day. Absent manifest
error, all determinations of the Calculation Agent will be final and binding on the Holder of this Note and the Company, without
any liability on the part of the Calculation Agent. The Holder of this Note will not be entitled to any compensation from the Company
for any loss suffered as a result of any of the above determinations by the Calculation Agent.

If the Calculation Agent ceases to perform
its role, the Company will either, at the Company’s sole discretion, perform such role, appoint another party to do so or
accelerate this Note.

The “ETN Fees” means
collectively the Investor Fee and the Exposure Fee, and any applicable Rebalance Fee, Early Redemption Charge and/or Acceleration
Fee.

Default Amount on Acceleration

    	R-8

    	 

    

In case an Event of Default with respect
to this Note shall have occurred and be continuing, the amount declared due and payable upon any acceleration of this Note will
be determined by the Calculation Agent and will equal, for each $[   ] principal amount of this Note, the Closing Indicative Value
determined by the Calculation Agent occurring on the Trading Day following the date on which this Note was declared due and payable.

Manner of Payment

This Note is payable in the manner, with
the effect and subject to the conditions provided in the Indenture.

If a payment date is not a Business Day
as defined in the Indenture at a place of payment, payment may be made at that place on the next succeeding day that is a Business
Day, and no interest shall accrue for the intervening period.

Amendments

The Indenture contains provisions which
provide that the Company and the Trustee may amend or supplement the Indenture or the Securities without notice to or the consent
of any Holder in order to (i) cure any ambiguity, defect or inconsistency in the Indenture, provided that such amendments or supplements
shall not materially and adversely affect the interests of the Holders; (ii) comply with the requirements of the Indenture if the
Company consolidates with, merges with or into, or sells, conveys, transfers, leases or otherwise disposes of all or substantially
all of its property and assets, to any person; (iii) comply with any requirements of the Commission in connection with the qualification
of the Indenture under the Trust Indenture Act; (iv) evidence and provide for the acceptance of appointment hereunder with respect
to the Securities by a successor trustee; (v) establish the form or forms or terms of Securities of any series or of the coupons
appertaining to such Securities as permitted by the Indenture; (vi) provide for uncertificated or unregistered Securities and to
make all appropriate changes for such purpose; (vii) provide for a guarantee from a third party on outstanding Securities that
are issued under the Indenture; or (viii) make any change that does not materially and adversely affect the rights of any Holder.

The Indenture provides that, without
prior notice to any Holders, the Company and the Trustee may amend the Indenture and the Securities of any series with the written
consent of the Holders of a majority in principal amount of the outstanding Securities of all series affected by such amendment
(all such series voting as one class), and the Holders of a majority in principal amount of the outstanding Securities of all series
affected thereby (all such series voting as one class) by written notice to the Trustee may waive future compliance by the Company
with any provision of the Indenture or the Securities of such series; provided that, without the consent of each Holder of the
Securities affected thereby, an amendment or waiver, including a waiver of past defaults, may not: (i) extend the stated maturity
of the Principal of, or any sinking fund obligation or any installment of interest on, such Holder’s Security, or reduce
the principal amount thereof or the rate of interest thereon (including any amount in respect of original issue discount), or adversely
affect the rights of such Holder under any mandatory redemption or repurchase provision or any right of redemption or repurchase
at the option of such Holder, or reduce the amount of the Principal of an Original Issue Discount Security that would be due and
payable upon an acceleration of the maturity thereof or the amount thereof provable in bankruptcy, insolvency or similar proceeding,
or change any place of payment where, or the currency in which, the principal amount or the interest thereon is payable, modify
any right to convert or exchange such Holder’s Security for another security to the detriment of the Holder or impair the
right to institute suit for the enforcement of any such payment on or after the due date therefor; (ii) reduce the percentage in
principal amount of outstanding Securities the consent of whose Holders is required for any such supplemental indenture, for any
waiver of compliance with certain provisions of the Indenture or certain Defaults and their consequences provided for in the Indenture;
(iii) waive a Default in the payment of the principal amount of or interest on any Security of such Holder; or (iv) modify any
of the provisions of the Indenture governing supplemental indentures except to increase the required percentage or to provide that
certain other provisions of the Indenture cannot be modified or waived without the consent of the Holder of each outstanding Security
affected thereby.

General

The Company, acting through the Branch,
the Trustee and any agent of the Company or the Trustee may deem and treat the registered Holder hereof as the absolute owner of
this Note (whether or not this Note shall be

    	R-9

    	 

    

overdue and notwithstanding any notation of ownership or
other writing hereon) for the purpose of receiving payment of, or on account of, any amount payable at maturity or upon repurchase,
and, subject to the provisions hereof, for all other purposes, and neither the Company, acting through the Branch, nor the Trustee
nor any agent of the Company or the Trustee shall be affected by any notice to the contrary.

No recourse under or upon any obligation,
covenant or agreement contained in the Indenture or any indenture supplemental thereto or in this Note, or because of any indebtedness
evidenced thereby or hereby, shall be had against any incorporator as such, or against any past, present or future stockholder,
officer, director or employee, as such, of the Company or of any successor, either directly or through the Company or any successor,
under any rule of law, statute or constitutional provision or by the enforcement of any assessment or by any legal or equitable
proceeding or otherwise, all such liability being expressly waived and released by the acceptance hereof and as part of the consideration
for the issue hereof.

The Indenture provides that, subject
to certain conditions, the Holders of at least a majority in principal amount (or, if any Securities are Original Issue Discount
Securities, such portion of the principal amount as is then accelerable) of the outstanding Securities of all series affected (voting
as a single class), by notice to the Trustee, may waive an existing Default or Event of Default with respect to the Securities
of such series and its consequences, except a Default in the payment of Principal of or interest on any Security or in respect
of a covenant or provision of the Indenture which cannot be modified or amended without the consent of the Holder of each outstanding
Security affected. Upon any such waiver, such Default shall cease to exist, and any Event of Default with respect to the Securities
of such series arising therefrom shall be deemed to have been cured, for every purpose of the Indenture; but no such waiver shall
extend to any subsequent or other Default or Event of Default or impair any right consequent thereto.

The Indenture provides that a series
of Securities may include one or more tranches (each a “tranche”) of Securities, including Securities issued in a Periodic
Offering. The Securities of different tranches may have one or more different terms, including authentication dates and public
offering prices, but all the Securities within each such tranche shall have identical terms, including authentication date and
public offering price. Notwithstanding any other provision of the Indenture, subject to certain exceptions, with respect to sections
of the Indenture concerning the execution, authentication and terms of the Securities, redemption of the Securities, Events of
Default of the Securities, defeasance of the Securities and amendment of the Indenture, if any series of Securities includes more
than one tranche, all provisions of such sections applicable to any series of Securities shall be deemed equally applicable to
each tranche of any series of Securities in the same manner as though originally designated a series unless otherwise provided
with respect to such series or tranche pursuant to a board resolution or a supplemental indenture establishing such series or tranche.

This Note is unsecured and ranks pari
passu with all other unsecured and unsubordinated indebtedness of the Company.

No reference herein to the Indenture
and no provision of this Note or of the Indenture shall alter or impair the obligation of the Company, acting through the Branch,
which is absolute and unconditional, to pay any amount payable at maturity or upon repurchase on this Note in the manner, at the
place, at the time and in the coin or currency herein prescribed.

The laws of the State of New York (without
regard to conflicts of laws principles thereof) shall govern this Note.

    	R-10

    	 

    

 

FOR VALUE RECEIVED, the undersigned hereby sell(s), assign(s) and
transfer(s) unto

 

	[PLEASE INSERT SOCIAL SECURITY OR OTHER IDENTIFYING NUMBER OF ASSIGNEE]
	 
	 
	
        [PLEASE PRINT OR TYPE NAME AND ADDRESS, INCLUDING ZIP CODE, OF ASSIGNEE]

	 
	 the within Note and all rights thereunder, hereby irrevocably constituting
        and appointing

	
         

        __________________________________________________________ Attorney
        to transfer such Note on the books of the Company, with full power of substitution in the premises.

	
         

         

         

        Dated:  
	
        Signature:

         

         

        NOTICE: The signature to this assignment must correspond with the
        name as written upon the face of the within Note in every particular without alteration or enlargement or any change whatsoever.

 

 

    	R-11

    	 

    

 

 

ANNEX A

 

FORM OF OFFER FOR REDEMPTION

PART A: TO BE COMPLETED BY THE BENEFICIAL OWNER

 

	Dated:______________
	[insert date]

Credit Suisse AG (“Credit
Suisse”)

E-mail: list.etndesk@credit-suisse.com 

 

Re: Exchange Traded
Notes due October 22, 2018

Linked
to the Russell 1000® Growth Index Total Return (the “ETNs”)

 

Ladies
and Gentlemen:

 

The
undersigned beneficial owner hereby irrevocably offers to Credit Suisse the right to redeem the ETNs, as described in the Pricing
Supplement dated October 17, 2013, in the amounts and on the date set forth below.

	
         

        Name of beneficial holder:
	 _______________________________
	 	[insert name of beneficial owner]

 

Number
of ETNs offered for redemption (You must offer at least the applicable minimum redemption amount for redemption at one time for
your offer to be valid. The minimum redemption amount will be equal to 10,000 ETNs. The trading day immediately succeeding the
date you offered your ETNs for redemption will be the valuation date applicable to such redemption.):

  

	 	 

[insert
number of ETNs offered for redemption by Credit Suisse]

 

	Applicable valuation date:	 	,	20    	 
	
         

        Applicable redemption date:
	 	,	20    	 
	 	[insert a date that is three business days following the applicable valuation date]

 

	Contact Name:	 
	 	[insert the name of a person or entity to be contacted with respect to this Offer for Redemption]
	 	 
	Telephone #:	 
	 	[insert the telephone number at which the contact person or entity can be reached]

 

My
ETNs are held in the following DTC Participant’s Account (the following information is available from the broker through
which you hold your ETNs):

 

Name:

 

DTC
Account Number (and any relevant sub-account):

 

Contact
Name:

 

Telephone
Number:

 

Acknowledgement:
In addition to any other requirements specified in the Pricing Supplement being satisfied, I

    	A-1

    	 

    

acknowledge
that the ETNs specified above will not be redeemed unless (i) this Offer for Redemption, as completed and signed by the DTC
Participant through which my ETNs are held (the “DTC Participant”), is delivered to Credit Suisse, (ii) the DTC
Participant has booked a “delivery versus payment” (“DVP”) trade on the applicable valuation date facing
Credit Suisse, and (iii) the DTC Participant instructs DTC to deliver the DVP trade to Credit Suisse as booked for settlement
via DTC at or prior to 10:00 a.m., New York City time, on the applicable redemption date.  I also acknowledge that
if this Offer for Redemption is received after 4:00 p.m., New York City time, on a business day, I will be deemed to have made
this Offer for Redemption on the following business day.

 

The
undersigned acknowledges that Credit Suisse will not be responsible for any failure by the DTC Participant through which such undersigned’s
ETNs are held to fulfill the requirements for redemption set forth above.

 

	 	 	 
	[Beneficial Holder]	 

 

PART
B OF THIS NOTICE IS TO BE COMPLETED BY THE DTC PARTICIPANT IN WHOSE ACCOUNT THE ETNs ARE HELD AND DELIVERED TO CREDIT SUISSE BY
4:00 P.M., NEW YORK CITY TIME, ON THE BUSINESS DAY IMMEDIATELY PRECEDING THE APPLICABLE VALUATION DATE

 

    	A-2

    	 

    

BROKER’S
CONFIRMATION OF REDEMPTION

 

[PART
B: TO BE COMPLETED BY BROKER]

	Dated: ________________
	[insert date]

 

Credit
Suisse AG (“Credit Suisse”)

 

Re: Exchange Traded
Notes due October 22, 2018

Linked
to the Russell 1000® Growth Index Total Return (the “ETNs”)

 

Ladies
and Gentlemen:

 

The
undersigned holder of Exchange Traded Notes due October 22, 2018, linked to the Russell 1000® Growth Index Total
Return, issued by Credit Suisse AG, acting through its Nassau Branch, CUSIP No. [   ]
(the “ETNs”) hereby irrevocably offers to Credit Suisse the right to redeem, on the Redemption Date of                                     ,
with respect to the number of the ETNs indicated below as described in the Pricing Supplement dated October 17, 2013 relating to
the ETNs (the “Pricing Supplement”). Terms not defined herein have the meanings given to such terms in the Pricing
Supplement.

 

The
undersigned certifies to you that it will (i) book a delivery versus payment trade on the valuation date with respect to the
number of ETNs specified below at a price per ETN equal to the redemption value, facing Credit Suisse AG, DTC #355 and (ii) deliver
the trade as booked for settlement via DTC at or prior to 10:00 a.m., New York City time, on the redemption date.

 

Very
truly yours,

 

[NAME
OF DTC PARTICIPANT HOLDER]

 

Contact
Name:

 

Title:

 

Telephone:

 

Fax:

 

E-mail:

 

Number
of ETNs offered for redemption (You must offer at least the applicable minimum redemption amount for redemption at one time for
your offer to be valid (10,000 ETNs)). The trading day immediately succeeding the date you offered your ETNs for redemption will
be the valuation date applicable to such redemption.):

 

DTC
# (and any relevant sub-account):

 

 

    	A-3

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