Avamprogetto (Accordo en)

1. Any non-profit organization established and maintained in Switzerland for

religious, charitable, educational, scientific, cultural or other public purposes that, by reason of its nature as such, is generally exempt from income taxation in Switzerland.

2. A Swiss condominium owners’ association established pursuant to Art. 712l(2)

of the Swiss Civil Code.

C. Certain Collective Investment Vehicles

In accordance with applicable U.S. Treasury Regulations:

1. In the case of an Investment Entity that is a collective investment vehicle subject

to the collective investment legislation of Switzerland, if all of the interests in the collective investment vehicle (including debt interests in excess of $50,000) are held by or through one or more Financial Institutions that are not

Nonparticipating Financial Institutions, such collective investment vehicle will be treated as a registered deemed-compliant FFI for purposes of section 1471 of the U.S. Internal Revenue Code.

2. With respect to interests in:

(a) a collective investment vehicle described in paragraph 1,

(b) an Investment Entity that is regulated as a collective investment vehicle under the laws of a Partner Jurisdiction, all of the interests in which (including debt interests in excess of $50,000) are held by or through one or more Financial Institutions that are not Nonparticipating

Financial Institutions, or

(c) an Investment Entity that is a qualified collective investment vehicle under relevant U.S. Treasury Regulations,

the reporting obligations of any Investment Entity that is a Swiss Financial Institution (other than a Financial Institution through which interests in the collective investment vehicle are held), including a Swiss investment adviser that is an Investment Entity and Swiss Financial Institution, will be deemed fulfilled.

3. In the case of an Investment Entity that is a collective investment vehicle,

consistent with paragraph 4 of Article 11 of the Agreement, if the information required to be reported by the collective investment vehicle consistent with the requirements of an FFI Agreement with respect to interests in the collective investment vehicle is reported by the collective investment vehicle or another Investment Entity, the reporting obligations of any other Investment Entity that is a Swiss Financial Institution (including a Swiss investment adviser that is an Investment Entity and a Swiss Financial Institution) required to report with respect to the interests in the collective investment vehicle will be deemed fulfilled with respect to such interests.

4. In accordance with applicable U.S. Treasury Regulations, a collective investment

vehicle regulated under the laws of Switzerland will not fail to qualify under paragraph (1) or (2) above, or otherwise as a deemed-compliant FFI, solely