I This document constitutes the base prospectus of ... - Volksbank AG

Save as described above, the Pledgor shall not have the right to freely dispose of the Collateral during the
term of the Pledge Account and Custody Agreement.
The Pledge Account and Custody Agreement will be entered into by LEVADE on behalf of all of its Compartments.
The Pledge Account and Custody Agreement shall be governed by and construed in accordance with Luxembourg
law with the courts of Luxembourg being designated as the competent courts, the place of performance
being Luxembourg.
Account and Main Compartment Asset Custody Agreement between LEVADE and BNY Luxembourg as the
Luxembourg Account Bank and Main Compartment Asset Custodian
Pursuant to the terms of this agreement (the Account and Main Compartment Asset Custody Agreement),
which will be entered in respect of each Compartment of the Issuer individually, LEVADE and BNY Luxembourg
shall agree for:
(i) BNY Luxembourg to establish and maintain the Compartment Account in the name of LEVADE
from which and into sums accruing and owing in respect of the Main Compartment Assets shall be
transferred. The Luxembourg Account Bank shall operate the Compartment Account in such a manner
as to enable it to procure the performance by:
(a) the Issuer of its payment obligations set out in the Account and Main Compartment Asset
Custody Agreement and under the other Transaction Documents; and
(b) LEVADE of the obligations on its part set out in the Conditions;
(ii) Interest to accrue on the Compartment Account daily, commencing on the Closing Date, and to
be credited to the Compartment Account monthly in arrears. The rate of interest payable on any balances
standing from time to time to the credit of the Compartment Account shall be the rate to be
agreed from time to time between the Issuer and the Luxembourg Account Bank (The Compartment
Account shall not, however, have any overdraft facility); and for
(iii) BNY Luxembourg to be appointed as the Main Compartment Asset Custodian to hold the Main
Compartment Assets in custody for the benefit of and on behalf of LEVADE (the Main Compartment
Asset Custody Account). Subject to the terms of the Account and Main Compartment Asset
Custody Agreement, BNY as Main Compartment Asset Custodian will have the right delegate its duties
in respect the safekeeping of the Main Compartment Assets to a Sub-Custodian (which is likely
to be BNY London) but provided that (a) the Sub-Custodian would hold the Main Compartment Assets
under the same terms as the Main Compartment Asset Custodian; (b) the duties delegated to any
Sub-Custodian hereunder may not be sub-delegated without the prior written approval by the Issuer
and the Cash Manager; and (c) the Issuer and the Cash Manager shall have the right to satisfy themselves
as to the appropriate nature of their rights in respect of any Securities held for the Issuer by any
Sub-Custodian. In addition, BNY as Main Compartment Asset Custodian shall collect on behalf of
LEVADE and credit to the Compartment Account all such payments of interest, dividends, other remuneration,
principal and other amounts as may from time to time accrue from the Main Compartment
Assets.
A term of the agreement will provide for the liability of LEVADE to be limited to the assets of the Compartment
in respect of which the agreement will be concluded. In the case such Compartment Assets will not be
sufficient to satisfy the claims of BNY Luxembourg under the agreement, no other assets or other Compartment
Assets will be available for payment of shortfall and claims in respect of remaining shortfall will be
extinguished.
In addition to the above, LEVADE and BNY Luxembourg shall make certain representation and warranties to
each other in respect of (but not limited to) their legal, financial and corporate status. Furthermore, the agree-
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