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IIII�II'�V�h (d) Deposits held in the IBF (i) are not insured by the FDIC or any other governmental entity: and (ii) have a lesser preference as compared to deposits held in the United States in the event of a liquidation of the Bank. (e) Required FDIC Disclosures: In the event of a failure of the Bank, funds swept to the IBF Investment Vehicle, as reflected on the Bank's end -of -day ledger balance, would not be considered deposits by the FDIC, and the beneficial owner of such funds would be treated as an unsecured general creditor of the receivership estate of the Bank. ��. Fed Funds Investment Vehicle. If the Customer has selected the Fed Funds Investment Vehicle as an investment, the provisions of Section 11 shall apply in addition to the provisions of Sections t through 8. (a) The Bank will maintain the records of the Customers investment in the Bank's sub - account system (the "Sub - Account System ")_ The Sub - Account System will: (i) identify the Customer's separate, individually identifiable Investment; (ii) contain the Customer's transaction history with respect to the Investment; and (iii) mirror in account name and other relevant information the Customer name and information from the DDA. (b) Investments in the Fed Funds Investment Vehicle are only available to the qualified depository banks pursuant to Federal Reserve Regulation D. (c) Fed Funds Investments: (i) are not bank deposits; and (ii) are not insured by the FDIC or any other governmental entity. (d) Required FDIC Disclosures: In the event of a failure of the Bank, funds swept to the Fed Funds Investment Vehicle, as reflected on the Bank's end -of -day ledger balance, would not be considered deposits by the FDIC, and the beneficial owner of such funds would be treated as an unsecured general creditor of the receivership estate of the Bank. 12. Repo Investment Vehicle. If the Customer has selected the repurchase agreement ( "Repo ") as an investment ( "Repo Investment Vehicle "), the provisions of Section 12 shall apply in addition to the provisions of Sections � through 8. (a) Definitions: (i) "Repo Rate" means the per annum percentage rate for dete rtnination of the Interest at Maturity. The Repo Rate will be determined by the Bank and is subject to change from time to time; (ii) "Income" means with respect to any Securities at any time, any principal thereof then payable and all interest, dividends or other distributions thereof; (iii) "Market Value" means with respect to any Securities as of any date, the most recently available bid price for the Securities, plus accrued Income to the eMent not included therein as of such date (unless contrary to market practice for such Securities); (iv) "Interest at Maturity" means with respect to any Purchase hereunder as of any date, the aggregate amount obtained by daily application of the Repo Rate for such Purchase to the Principal Amount for such Purchase on a 360 day per year basis for the actual number of days during the period commencing on (and including) the Trade Date for such Purchase and ending on (but excluding) the Maturity Date; (v) "Purchase" shall have the meaning as specified in Section '12(b). (vi) "Trade Date" means the date on which Purchased Securities are transferred by the Bank to the Customer; (vii) "Principal Amount" means on the Trade Date, the price at which Purchased Securities are transferred by the Bank to the Customer; (viii) "Purchased Securities" means the Securities transferred by the Bank to the Customer in a Purchase hereunder; (ix) "Maturity Date" means the date on which the Bank is to repurchase the Purchased Securities from the Customer, which is the business day succeeding the Trade Date; (x) "Net Due at Maturity" means the price at which the Purchased Securities are to be transferred from the Customer to the Bank upon termination of a Purchase, which will be determined in each case as the sum of the Principal Amount and the Interest at Maturity as of the date of such determination; (xi) "Securities" means securities issued by the United States Treasury or any agency of the United States Government (which may be available in book entry form only). PN: 363374 DOC 1D: SC /TY OF SANTA ANA -Nov. 19, 20�OPage II Of 25