Terms and Conditions - APPENDIX 1

Legal Entity Event Definition
Absorption Absorption is a form of merger where there is a combination of two or more companies into an 'existing company'. In the case of absorption, only one company survives, and all others lose their identity.
Change in legal name Change in the legal name of the legal entity.
Change in trade- or doing business name Change in the trade- or doing business name of the legal entity.
Change in legal address Change in the legal address of the legal entity.
Change in headquarters address Change in the headquarters address of the legal entity.
Change in legal form Change in the legal form of the legal entity.
Mergers and acquisitions The consolidation of legal entities or assets through various types of financial transactions, including mergers, acquisitions, consolidations, tender offers, purchase of assets and management acquisitions.
Demergers and Spin-offs Distribution of securities issued by another legal entity. The distributed securities may either be of a newly created or of an existing legal entity. For example, spin-off, demerger, unbundling, divestment.
Acquisition of an International Branch The acquiring legal entity purchases an international branch entity.
Transformation of an International Branch into a Subsidiary The transfer of all of the assets and liabilities of the legal entity in relation to an international branch to the new subsidiary entity in exchange for the transfer of securities representing the capital of the subsidiary entity receiving the transfer.
Transformation of a Subsidiary into an International Branch The transfer of all of the assets and liabilities of a subsidiary to an international branch entity in exchange for the transfer of securities from the legal entity to which the branch belongs, representing the capital of the international branch entity receiving the transfer.
Umbrella Fund changes its structure to a stand-alone fund Change in legal form from a fund legal entity structure with one or more than one sub-funds/compartments to a fund legal entity structure without sub-funds/compartments.
Bankruptcy Legal status of a legal entity unable to pay creditors. Bankruptcy usually involves a formal court ruling. Securities may become valueless.
Liquidation Distribution of cash, assets or both of a legal entity. Debt may be paid in order of priority based on preferred claims to assets specified by the security.
Voluntary Arrangement A procedure that allows a legal entity to settle debts by paying only a proportion of the amount that it owes to creditors or to come to some other arrangement with its creditors over the payment of its debts.
Insolvency The entry of a decree or order by a court or agency or supervisory authority having jurisdiction in the premises the appointment of a trustee- in-bankruptcy or similar official for such party in any insolvency, readjustment of debt, marshalling of assets and liabilities, or similar proceedings, or for the winding up or liquidation of their respective affairs.
Dissolution of an entity, including International Branches and Subsidiaries (i) A voluntary termination of operations, (ii) a general assignment for the benefit of the legal entity’s creditors or (iii) any other liquidation, dissolution or winding up of the legal entity (excluding a liquidity event), whether voluntary or involuntary.
Break-ups (for any surviving entity and for any new legal entities that are formed as part of the terms of the break-up) A break-up is a corporate action in which a single company splits into two or more independent, separately-run companies. Regulators also can mandate break-ups of companies for anti-trust reasons.