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Jaffray & Co., and National Westminster Bank Plc. have the option to terminate the Settlement if more than a certair.
<br /> percentage i f Class members exclude themselves from the Classes,as explained in the Settlement Agreements.
<br /> This is only a summary of the Settlements.The Settlement Agreements are on file with the Clerk of the Court at the
<br /> address indicated in this notice and are available at the official Municipal Derivatives Settlement website at www
<br /> MunicipalDerivativesSetdement.com.
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<br /> 1he Settlement Amount will be distributed pursuant to a plan of allocation that has been preliminarily approved by the
<br /> Court and will be submitted to the Court for final approval at the final approval hearing (see Question 13).That plan o
<br /> allocation is attached to this notice and Class members can comment on it before the Court approves it.Payments will alsc
<br /> depend,in part,on the number of valid claim forms thus far and subsequently received.
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<br /> A Claim IForm is attached. To be considered for payment, your Claim must be submitted online (at wwv
<br /> MunicipalDerivativesSettlement.com),OR mail it by July 28,2016.If you previously submitted a Claim Form,and you do no
<br /> have any changes to make to it,you do not need to do anything—your previous Claim Form will be used for these settlement:
<br /> If you are a,member of the Class and do not exclude yourself from the Class,you are eligible to file a claim for a paymen
<br /> from the Settlement Amount.At the Fairness Hearing,the Court will be asked to finally approve a plan,called a"Plan c
<br /> Allocationexplaining how the Settlement Amount will be divided among eligible Class members.That plan of allocatio
<br /> is attached.See Question 12.
<br /> You will need to properly complete and submit the Claim Form in order to receive a payment.The Claim Form include
<br /> instructions for completing and returning it.You may be asked to submit documentation of your purchases of municip-.
<br /> derivative transactions along with your claim form,so you should keep all of your records.
<br /> jClaim forms will also available at the Municipal Derivatives Settlement website or by writing the Settlement Administrato
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<br /> Pym You should1be aware that it will take a significant amount of time to process fully all of the Claim Forms and to administ(
<br /> the Settlements.This work will be completed as promptly as time permits,given the need to investigate and tabulate eac
<br /> Claim Form.Please be patient.Check the Municipal Derivatives Settlement website for updates.
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<br /> Unless you; exclude yourself from the Class (see Question 16), you will remain in the Class and your interests will l
<br /> represented by the Class Representatives and Class Counsel at no cost to you. However,you may have your own attornc
<br /> represent you at your expense if you choose to do so.
<br /> If you remain in the Class,you will be bound by all of the Court's decisions with respect to the Settlements.Also,you will to
<br /> the right to sue or continue to sue UBS AG,Societe Generale S.A.,Natixis Funding Corp.,Piper Jaffray&Co.,Nation
<br /> Westminstef Bank Plc, and George K. Baum &Co., in this case or any other lawsuit about the issues and claims in tl:
<br /> case.However,you will not give up certain potential claims unrelated to municipal derivatives transactions that you mig
<br /> have against UBS AG,Societe Generale S.A.,Natixis Funding Corp.,Piper Jaffray&Co.,National Westminster Bank P
<br /> and George K.Baum&Co.The Settlement Agreements,which are available at www MunicipalDerivativesSettlement.coI
<br /> describe inImore detail the legal claims that you give up if you stay in the Class,and they contain the frill release provisioi
<br /> We are only providing a brief summary herein.
<br /> In additiori,because the Settlements involve only UBS AG,Societe Generale S.A.,Natixis Funding Corp.,Piper Jaffray
<br /> Co.,National Westminster Bank Plc,and George K.Baum&Co.,and do not affect the rights of the Class members agair
<br /> any of the other Defendants,you will not give up any claims against them in this or any other lawsuit.
<br /> EXCLUDING YOURSELF FROM THE CLASS
<br /> If you don't want a payment from the Settlement Amount and you want to keep the right to sue UBS AG,Societe Gener:
<br /> S.A.,NatMs Funding Corp.,Piper Jaffray&Co.,National Westminster Bank Plc,and/or George K.Baum&Co.about t
<br /> claims or issues in this case,then you must take steps to get out of the Class.This is called excluding yourself—sometirr
<br /> referred tolas"opting out”of the class. 70
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