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

(ii) a description of the market in which they are traded including its date of establishment,
how price information is published, an indication of daily trading volumes,
information as to the standing of the, market in the country and the name of
the markets regulatory authority; and
(iii) the frequency with which prices of the relevant securities are published;
(c) where such Compartment Assets are designated as fund instruments, such as investment
fund units (the Fund Instruments), such Fund Instruments are admitted to trading on a
Regulated Market or an Equivalent Market, and the following information shall be provided
in Part B No. 9 of the Final Terms:
(i) a description of such Fund Instruments;
(ii) a description of the market in which they are traded including its date of establishment,
how price information is published, an indication of daily trading volumes,
information as to the standing of the market in the country and the name of
the markets regulatory authority; and
(iii) the frequency with which prices of the relevant securities are published; and
(d) where such Compartment Assets are constituted by a derivative agreement (the Derivative
Agreement), the counterparty of the Issuer (the Derivative Counterparty) shall be
VBAG and a brief description of the principal terms of such Derivative Agreement shall
be given in Part B No. 9 of the Final Terms.
(2) Subject to sub-paragraph (1), (a) any liability of the Issuer to make payments under the Notes shall
rank pari passu with its liability to make payments in respect of any Derivative Agreement and any
other agreement between the Issuer and any party which has agreed to limit its recourse to the Issuer
on terms substantially identical to the terms of this § 14 and (b) any liability of the Issuer to
make payments to any party or recipient entitled to such payments, other than as described under
(a), shall rank senior to any liability of the Issuer to make payments under the Notes, any Derivative
Agreement or any such other agreement.
(3) If so specified in the Final Terms (Part B No. 9), the Issuer will reserve the right (but shall not be
obliged to) to substitute, at any time during the term of the Notes, one or several Compartment Assets
from time to time by substitute Compartment Assets, provided that the terms of such substitute
Compartment Assets shall, in all material respects, correspond to the terms of the relevant original
Compartment Assets.
(4) Notwithstanding the above, Supplementary Capital Notes and Subordinated Supplementary Capital
Notes shall be subordinated to the relevant Compartment Asset and to any other unsubordinated
obligations of the Issuer.
§ 15
(Applicable Law, Place of Performance, Jurisdiction)
(1) These Conditions are governed exclusively by the laws of the Republic of Austria, excluding its
rules of international private law including however the Luxembourg law of 10th August 1915 in
respect of Commercial Companies (the application of Articles 86-97 of this law are expressly excluded)
and the Law of 22 March 2004 on Securitisation (as amended).
(2) The courts competent for Vienna, Inner City, Austria shall have non-exclusive jurisdiction for all
disputes with the Issuer arising from or in connection with these Conditions, to the extent legally
permitted. The submission to the jurisdiction of the courts of Vienna shall not limit the right of any
Security Holders to take proceedings in a place of consumer jurisdiction if and to the extent mandated
by applicable statute.
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