sociated with an asset or liability owned or incurred, or reasonably likely to be owned or incurred, by Client in the conduct of Client's business. Financial Entity. Client D is / El IS NOT a Financial Entity. If Client is a Financial Entity under Dodd Frank. Client has duly completed the Financial Entity Questi

-User Exception with respect to a particular swap entered into pursuant to this Addendum, Client represents to DB that: (a) Client is either not a Financial Entity or is excluded from the definition of Financial Entity; (b) such swap is being used for purposes of Hedging or Mitigating Commercial Risk; and (e

er Exception with respect to a particular swap entered into pursuant to this Addendum, Client represents to DB that: (a) it is either: (I) nor a Financial Entity (notwithstanding any exemptions or exclusions from such definition provided in Section 2(h) of the CEA or related CFTC Regulations); (ii) exempt f

1.4 Financial Entity. Client K IS / IS NOT a Financial Entity. if Client is a Financial Entity, Client has duly completed the Financial Entity Questionnaire in the Swap

on with respect to a particular swap entered into pursuant to this Addendum, Client represents to DB that: (a) it is either: (b) (c) (I) not a Financial Entity (notwithstanding any exemptions or exclusions from such definition provided in Section 2(h) of the CEA or related CFTC Regulations); (ii) exempt f

ption with respect to a particular swap entered into pursuant to this Addendum, Client represents to DB that: (a) (b) (c) Client is either not a Financial Entity or is excluded from the definition of Financial Entity; such swap is being used for purposes of Hedging or Mitigating Commercial Risk; and Either:

ided by Section (2)(h)(7XA) of the CM and CFTC Regulation 50.50 from an otherwise applicable swap clearing requirement for any Client that is not a Financial Entity in respect of a swap being used for purposes of Hedging or Mitigating Commercial Risk, and such person either provides an End-User Filing to the CFT

sociated with an asset or liability owned or incurred, or reasonably likely to be owned or incurred, by Client in the conduct of Client's business. Financial Entity. Client 0 IS i ai IS NOT a Financial Entity. If Client is a Financial Entity under Dodd frank, Client has duty completed the Financial Entity Questi

-User Exception with respect to a particular swap entered into pursuant to this Addendum, Client represents to DB that: (a) Client is either not a Financial Entity or is excluded front the definition of Financial Entity; (b) such swap is being used for purposes of Hedging or Mitigating Commercial Risk; and (

ser Exception with respect to a particular swap entered into pursuant to this Addendum, Client representsto ma that: (a) it is either. (i) not a Financial Entity (notwithstanding any exemptions or exclusions from such definition provided in Section 2(h)of the CEA or related CFTC Regulations); (ii) exempt fr

10/6/2017 1:50:31 PM To: Martin Zeman CC: Stewart Oldfield [ Subject: Question Martin My question for Sebastian regards the definition of a Financial Entity. My understanding of a Private Fund is typically a hedge fund or private equity fund. Southern Financial LLC is wholly owned by the Principal and do