Common use of Entity Type Clause in Contracts

Entity Type. Character (complete this section unless the entity is a Specified U.S. Person or a Financial Institution) 1. Is the entity an active non-financial foreign entity (“Active NFFE”)? ☐ Yes ☐ No If Yes, check any that apply to the entity: ☐ Active trade or business – less than 50% of the Subscriber’s gross income is “passive income” and less than 50% of its assets produce “passive income” ☐ A tax-exempt registered charity or a non-profit organization under the ITA ☐ A corporation with shares that regularly trade on an established securities market ☐ A government or international organization (or agency thereof) 2. Is the entity a Passive NFFE? ☐ Yes ☐ No If Yes, please complete D below.

Entity Type. Character (complete this section unless the entity is a Specified U.S. Person or a Financial Institution) 1. Is the entity an active non-financial foreign entity (“Active NFFE”)? ☐ Yes ☐ No If Yes, check any that apply to the entity: ☐ Active trade or business – less than 50% of the Subscriber’s gross income is “passive income” and less than 50% of its assets produce “passive income” ☐ A tax-exempt registered charity or a non-profit organization under the ITA ☐ A corporation with shares that regularly trade on an established securities market ☐ A government or international organization (or agency thereof) ) 2. Is the entity a Passive NFFE? ☐ Yes ☐ No If Yes, please complete D below.