EFTA Document EFTA01344635

Page I I of I I Merkel Disruption El enta The Calculation Agent may. in its sole discretion. deta-minc that an event has occurred that prevents us or our affiliates from properly hedging our obligations under the Notes or prevents the Calculation Agent from valuing the Reference Currency in the manner initially provided for herein. These events may include disruptions or suspensions of trading in the markets as a whole or general inconvertibility or non-transferability of the Reference Curr