Deutsche Bank TERMS OF BUSINESS — Updated as of August 2018 These Terms of Business apply to business with or on behalf of Client carried on by Deutsche Bank AG acting through: its London branch, ("DB London") whose address is at Winchester House, 1 Great Winchester Street, London EC2N 2DB; or any other branch or office of Deutsche Bank AG which is notified to Client by Deutsche Bank AG from time to time; in each case, "DB". 1. DEFINITIONS 1.1 "Applicable Law" means (a) any applicable law contained in any law or statute of any jurisdiction applicable to the provision of services to Client by DB under, or in connection with, these Terms of Business, including European Union regulations which are directly applicable in the European Economic Area ("EEA"); and (b) any other applicable principle, rule, guidance. decision, determination, ruling, article, by-law, procedure, usage and custom of any relevant regulatory body, Exchange, Clearing System or CSD applicable to the provision of services to Client by DB under, or in connection with, these Terms of Business. 1.2 "BaFin" means the Bundesanstalt fur Finanzdienstleistungsaufsicht (Germany's Federal Financial Supervisory Authority). 1.3 "Business Day" means a day on which commercial banks in England arc open for general business (including dealings in foreign exchange and foreign currency deposits). 1.4 "Clearing System" means any person (or any system or platform operated by such person) providing clearing or similar or related services, whether or not as part of an Exchange including, without limitation, any central counterparty. 1.5 "Client" means the legal person or entity to which these Terms of Business are issued. 1.6 "Client Investments" means all financial instruments and other investments which DB holds or is entitled to receive for Client under any other agreement between DB and Client, any dividends, interest, further financial instruments or