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<br />Account until appropriate contact is made between the Customer and the Bank.
<br />7.5 Advice Services. The Customer may subscribe to Bank services for the delivery of account- related activity and information ( "Advices "), to a
<br />party designated by the Customer, including information relating to credits and debits to a Customer account, and the return or rejection of
<br />certain payments. Advices may be sent via SWIFT, electronic mail, facsimile transmission, ordinary mail, phone, through internet sites, or as
<br />otherwise agreed upon by the parties. The Customer is responsible for maintaining the accuracy of the information that is required to deliver
<br />such Advices including the address, telephone and /or facsimile number of the recipient and, if applicable, the messaging components and
<br />conditions that will trigger the transmission of the Advices.
<br />Section 15 of the Global Account Terms (Account Disclosures) is hereby supplemented with the following provisions:
<br />15.5 Withdrawal Limitations on Certain Account Types. U.S. federal regulations limit the number of pre- authorized or automatic transfers or
<br />withdrawals or telephonic/electronic instructions (including check, draft, debit card or similar order payable to third parties) that can be made
<br />from a savings account (including a savings sub - account (as described below) and a money market deposit account) to a total of six (6) per
<br />calendar month or statement cycle or similar period. The Customer agrees to comply at all times with such restrictions. Exceeding these
<br />withdrawal limits may result in the Bank converting the savings account into a non - interest bearing demand deposit account, with any attendant
<br />changes in pricing and account terms and conditions. Further, the Bank is required by U.S. law to reserve the right to require at least seven (7)
<br />days notice prior to a withdrawal from a savings account (including a savings sub - account) or an interest - bearing negotiable order of withdrawal
<br />account ( "NOW Account ").
<br />15.6 NOW Accounts. The Customer, if eligible, may open a NOW Account. There is no limit on the number of withdrawals that the Customer may
<br />make from the demand deposit or NOW sub - account.
<br />15.7 Administrative Subaccounts. The Bank is authorized, for regulatory reporting and internal accounting purposes, to divide an Account: (i) in the
<br />case of a demand deposit checking Account, into a non - interest bearing demand deposit sub - account and a non - interest bearing savings sub -
<br />account; (ii) in the case of a NOW Account, into an interest bearing NOW sub - account and an interest bearing savings sub - account, and, in
<br />both cases, to transfer funds on a daily basis between these sub - accounts in accordance with U.S. law at no cost to the Customer. The Bank
<br />will record the sub-accounts and any transfers between them on the Bank's books and records only. The sub - accounts and any transfers
<br />between them will not affect the Account number. balance requirement or use of the Account, except as described herein.
<br />15.8 Savings Subaccounts. The Bank will establish a target balance for the Customer's demand deposit or NOW sub - account, which it may change
<br />at any time. To the extent funds in the demand deposit or NOW sub - account exceed the target balance, the excess will be transferred to the
<br />Customer's savings sub - account, unless the maximum number of transfers from the savings sub - account for that calendar month or statement
<br />cycle have already occurred. If withdrawals from the demand deposit or NOW sub - account exceeds the available balance in the demand
<br />deposit or NOW sub - account, funds from the Customer's savings sub - account will be transferred to the demand deposit or NOW sub - account
<br />up to the entire balance of available funds in the savings sub - account to cover the shortfall and to replenish any target balance that the Bank
<br />has established for the demand deposit or NOW sub - account. If a sixth transfer is needed during a calendar month or statement cycle, it will
<br />be for the entire balance in the Customer's savings sub - account, and such funds will remain in the demand deposit or NOW sub - account for
<br />the remainder of the calendar month or statement cycle.
<br />15.9 Branch Designation. The Bank, for its administrative purposes may designate a branch of the Bank as the branch of record of an Account
<br />which may be different from the branch at which the Account is opened. This designation requires no action on the part of the Customer and
<br />will not change the Bank's operations, Services or customer support.
<br />15.10 No Fiduciary Relationship. Bank's relationship with Customer concerning the Accounts is that of a debtor and creditor. No fiduciary, quasi -
<br />fiduciary or other special relationship exists between Bank and Customer or any third parties regarding the Accounts.
<br />Section 16 of the Global Account Terms (Governing Law) is hereby supplemented with the following provisions:
<br />16.1 Section 16.1 is replaced with the following provision: Subject to the UCC as modified by the Rules & Regulations, which shall control, and
<br />unless otherwise specifically provided in any Service Terms, the Global Account Terms, the Account Documentation, Service Terms and the
<br />rights and obligations of the Customer and the Bank in respect of each Account maintained in the U.S. shall be governed by and construed in
<br />accordance with the laws of the State of New York (without regard to its conflict of laws rules), incorporating general commercial bank practices
<br />applicable to the type of Account and Services provided to the Customer. The rights and remedies of the Bank under this Addendum, the
<br />Account Terms, the Account Documentation, the Service Terms, and any other agreement by the Customer in favor of the Bank are in addition
<br />to the rights and remedies of the Bank under applicable law (as provided above in this Section), are cumulative and may be exercised
<br />successively or concurrently, and are retained by the Bank.
<br />16.4 In the event the Bank is required to remit funds to any state as abandoned property, the Account may be charged for fees in remitting funds to
<br />that state. In addition, the Bank may charge fees in connection with its handling of dormant funds and accounts. These charges are not
<br />refundable.
<br />Section 17 of the Global Account Terms (Miscellaneous) is hereby supplemented with the following provision:
<br />17.15 Payable Through Accounts. If the Customer is a bank or financial institution and is not organized under the laws of the U.S., it shall not permit
<br />PN: 1125418 DOC ID: 4
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