EQUITIES ANNEX Supplemental terms and conditions for transactions in equities This Annex constitutes an Annex to the TBNIA/ISMA Global Master Repurchase Agreement dated December 31,2014 between DEUTSCHE BANK AG and SOUTHERN FINANCIAL LLC (the "Agreement.). 1. Scope (a) The parties have agreed that - (i) the Transactions to which this Agreement applies may include Transactions in respect of which the Purchased Securities consist of or include equities; and (ii) a transfer of Margin Securities may consist of or include equities. and the tents and conditions of this Annex shall apply to such Transactions and transfers of Margin Securities. (b) In relation to Transactions and transfers of Margin Securities to which this Annex applies, the Agreement shall be construed as if it had been amended and supplemented as set out in paragraphs 3 to 5 of this Annex. 2. Interpretation (a) In this Annex - (i) "equities" and "equity securities" include shares or stock in the share capital of a corporation, whether ordinary shares or preference shares or other kinds of shares or stock: (ii) "Equivalent Margin Securities" and "Equivalent Securities" mean, in relation to Margin Securities and Purchased Securities which are equity securities and which are partly paid. or have been converted, subdivided. consolidated, redeemed, made the subject of a takeover, capitalisation issue. rights issue or event similar to any of the foregoing — (A) in the case of conversion subdivision or consolidation securities equivalent to the securities into which the relevant Securities have been convened, subdivided or consolidated: provided that. if appropriate, notice has been given in accordance with paragraph 4 (a) of this Annex: (B) in the case of redemption, a sum of money equivalent to the proceeds of the redemption: (C) in the case of takeover. a sum of money or securities equivalent to the consideration or alternative consideration of which notice has been gi