8. pants

EIF Direct Costs Bank

Account and Expenses Bank Account

As sub-accounts of the JEREMIE

Bank Account, EIF shall open the EIF Direct Costs Bank Account

and the Expenses Bank Account.

The amounts deposited in the EIF

Direct Costs Bank Account and in the Expenses Bank Account shall

be exclusively utilised respectively for the payments provided

under Clauses 9 and 10 below.

8.1 EIF Direct

Costs Bank Account

The EIF Direct Costs Bank Account

shall be funded as follows.

(a) An amount equal to the

forecast of EIF Direct Costs expected for a given calendar year,

as provided in the relevant Annual Budget, shall be debited by

EIF to the JEREMIE Bank Account and credited to the EIF Direct

Costs Bank Account on the first Business Day of such calendar

year, or, for 2008, on the first Business Day after the Annual

Budget for such year is approved in accordance with Article 10.4

of the Agreement.

(b) Should on any given calendar

year the actual EIF Direct Costs exceed the EIF Direct Costs

Advance, as provided under Clause 9(b)(i) below, an amount equal

to such excess shall be debited by EIF to the JEREMIE Bank

Account and credited to the EIF Direct Costs Bank Account on the

day the relevant Cost Payment Statement is approved in accordance

with Clause 11 below.

(c) Any amount standing to the

credit of the EIF Direct Costs Bank Account at the end of any

given calendar year shall reduce the annual payment due under

Clause 8.1(a) above.

8.2 Expenses

Bank Account

The Expenses Bank Account shall be

funded from time to time from the JEREMIE Bank Account, to deal

with any Associated Expenses to be incurred by the JEREMIE

Holding Fund. The debit of the JEREMIE Bank Account and

corresponding credit of the Expenses Bank Account shall be

operated by EIF, in such manner and timing appropriate to timely

deal with the corresponding Associated Expenses.