Common use of Reliance on Third Parties Clause in Contracts

Reliance on Third Parties. Subject to paragraph 3 of Article 4, regardless of whether an election is made under paragraph E of section I of this Annex I, the Cayman Islands may permit Reporting Cayman Islands Financial Institutions to rely on due diligence procedures performed by third parties to the extent provided in the U.S. Treasury Regulation. ANNEX II NON-REPORTING CAYMAN ISLANDS FINANCIAL INSTITUTIONS AND EXEMPT PRODUCTS AND NON-REPORTABLE UNITED KINGDOM ENTITIES The following Entities are treated as either exempt beneficial owners, and/or as other Non- Reporting Cayman Islands Financial Institutions, as the case may be, and the following Exempt Products are excluded from the definition of Financial Accounts. This Annex II may be modified by a mutual agreement entered into between the Competent Authorities of the Cayman Islands and the United Kingdom: (1) to include additional Entities and accounts that present a low risk of being used by United Kingdom Persons to evade United Kingdom tax and that have similar characteristics to the Entities and accounts described in this Annex II as of the date of signature of the Agreement; or (2) to remove Entities and accounts that, due to changes in circumstances, no longer present a low risk of being used by United Kingdom Persons to evade United Kingdom tax. Any such addition or removal shall be effective on the date of signature of the mutual agreement, unless otherwise provided therein. Procedures for reaching such an agreement may be included in the mutual agreement described in paragraph 6 of Article 3 of the Agreement.

Reliance on Third Parties. Subject to paragraph 3 of Article 4, regardless of whether an election is made under paragraph E of section I of this Annex I, the Cayman British Virgin Islands may permit Reporting Cayman British Virgin Islands Financial Institutions to rely on due diligence procedures performed by third parties to the extent provided in the U.S. Treasury Regulation. ANNEX II NON-REPORTING CAYMAN BRITISH VIRGIN ISLANDS FINANCIAL INSTITUTIONS AND EXEMPT PRODUCTS AND NON-REPORTABLE UNITED KINGDOM ENTITIES The following Entities are treated as either exempt beneficial owners, and/or as other Non- Reporting Cayman British Virgin Islands Financial Institutions, as the case may be, and the following Exempt Products are excluded from the definition of Financial Accounts. This Annex II may be modified by a mutual agreement entered into between the Competent Authorities of the Cayman British Virgin Islands and the United Kingdom: (1) to include additional Entities and accounts that present a low risk of being used by United Kingdom Persons to evade United Kingdom tax and that have similar characteristics to the Entities and accounts described in this Annex II as of the date of signature of the Agreement; or (2) to remove Entities and accounts that, due to changes in circumstances, no longer present a low risk of being used by United Kingdom Persons to evade United Kingdom tax. Any such addition or removal shall be effective on the date of signature of the mutual agreement, unless otherwise provided therein. Procedures for reaching such an agreement may be included in the mutual agreement described in paragraph 6 of Article 3 of the Agreement.

Reliance on Third Parties. Subject to paragraph 3 of Article 4, regardless of whether an election is made under paragraph E of section I of this Annex I, the Cayman Islands may permit Reporting Cayman Islands Financial Institutions to rely on due diligence procedures performed by third parties to the extent provided in the U.S. Treasury Regulation. ANNEX II NON-REPORTING CAYMAN ISLANDS FINANCIAL INSTITUTIONS AND EXEMPT PRODUCTS AND NON-REPORTABLE UNITED KINGDOM ENTITIES The following Entities are treated as either exempt beneficial owners, and/or as other Non- Reporting Cayman Islands Financial Institutions, as the case may be, and the following Exempt Products are excluded from the definition of Financial Accounts. This Annex II Xxxxx XX may be modified by a mutual agreement entered into between the Competent Authorities of the Cayman Islands and the United Kingdom: (1) to include additional Entities and accounts that present a low risk of being used by United Kingdom Persons to evade United Kingdom tax and that have similar characteristics to the Entities and accounts described in this Annex II Xxxxx XX as of the date of signature of the Agreement; or (2) to remove Entities and accounts that, due to changes in circumstances, no longer present a low risk of being used by United Kingdom Persons to evade United Kingdom tax. Any such addition or removal shall be effective on the date of signature of the mutual agreement, unless otherwise provided therein. Procedures for reaching such an agreement may be included in the mutual agreement described in paragraph 6 of Article 3 of the Agreement.