Acta Francisci Pp. 663

2. Either Party may terminate this Agreement by giving notice of termina- tion in writing to the other Party. Such termination shall become effective on the first day of the month following the expiration of a period of 12 months after the date of the notice of termination.

3. The Parties shall, prior to December 31, 2016, consult in good faith to amend this Agreement as necessary to reflect progress on the commitments set forth in Article 6 of this Agreement.

4. If this Agreement is terminated, both Parties shall remain bound by the provisions of Article 9 of this Agreement with respect to any information ob- tained under this Agreement.

In witness whereof, the undersigned, being duly authorized thereto by their respective Governments, have signed this Agreement.

Done at Vatican City, in duplicate, this 10th day of June, 2015.

For The Holy See, acting also in

The Name and on behalf of The

Vatican City State:

c Paul R. Gallagher

(Secretary for Relations with States)

For The United States of America:

Kenneth Hackett

(US Ambassador to the Holy See)

ANNEX I

Due diligence obligations for identifying and reporting on U.S. Reportable Accounts and on Payments to certain Nonparticipating Financial Institutions

I. General.

A. The HS/VCS shall require that Reporting HS/VCS Financial Institutions apply the due diligence procedures contained in this Annex I to identify U.S. Reportable Accounts and accounts held by Nonparticipating Financial Institutions.

B. For purposes of the Agreement,

1. All dollar amounts are in U.S. dollars and shall be read to include the equivalent in other currencies.

2. Except as otherwise provided herein, the balance or value of an account shall be determined as of the last day of the calendar year or other ap- propriate reporting period.