EFTA01456281.pdf

subdivision. consolidation. takeover. preemption, option or other similar right or event affecting such Securities or of any Income payment declared in respect of such Securities. Whether or not such notice is received from the first party. the other party may - (i) where the relevant Securities are Purchased Securities, cause the Transaction to be terminated in accordance with paragraphs 3(d). (e) and (I) of the Agreement as if the Transaction were an on demand Transaction or. where the relevant Securities are Margin Securities. request that Equivalent Margin Securities be transferred in respect of such Securities to paragraph 8(d) of the Agreement: and/or (as appropriate); within a reasonable time before the latest time for the exercise of the right or option give written notice to the first party that on redelivery of Equivalent Securities or Equivalent Margin Securities, as the cast may be. it wishes to receive Equivalent Securities or Equivalent Margin Securities in such form as will arise if the right is exercised or. in the case of a right which may be exercised in more than one manner, is exercised as is specified in such written notice, provided that if any sum is required to be paid by a holder of the securities to the issuer or any other person in order to exercise such rights. the other party shall pay to the first parts an amount equal to such sum. (b) Where any voting rights fall to be exercised in relation to any Purchased Securities or Margin Securities which are equities and in respect of which Equivalent Securities or. as the case may be. Equivalent Margin Securities have not been transferred, neither Buyer, in the case of Purchased Securities. nor the transferee, in the case of Margin Securities, shall have any obligation to arrange for voting rights of that kind to be exercised in accordance with the instructions of the other party in relation to such Purchased Securities or Margin Securities. unless otherwise agreed between the parties. 5. Transfer (a) Seller shall promptly pay and account for any transfer or similar duties or taxes chargeable in connection with the transfer of Purchased Securities which are equities and any Equivalent Securities in respect thereof and shall reimburse to Buyer the amount of any liability incurred by it as a result of Seller's failure to do so. (b) Where Margin Securities which are equities are transferred by one party to the other, the transferor (the first party) shall promptly pay and account for any transfer or similar duties or taxes chargeable in connection with such transfer as well as in connection with any subsequent transfer by the transferee (the second party) of Equivalent Margin Securities in respect thereof to the first party and shall reimburse to the second party the amount of any liability incurred by the second party as a result of the first party's failure to do so. (c) In relation to Transactions to which this Annex applies and unless otherwise agreed. where any Purchased Securities. Equivalent Securities, Margin Securities or Equivalent Margin Securities arc transferred through a settlement system which automatically generates a mandatory payment or deliver•, or a mandatory obligation to pay or deliver, against the transfer of such Securities, then - (i) such automatically generated payment, delivery or obligation shall be treated as a payment or delivery by the transferee to the transferor, and except to the extent that it is applied to discharge an obligation of the transferee to effect a payment or delivery•. such payment or delivery, or obligation to pay or deliver, shall be deemed to be a Margin Transfer made by the transferee: and (ii) unless the parties shall have agreed otherwise. the party receiving such Margin Transfer shall cause to be made to the other party for value the same day either, where such Margin Transfer is a payment. an irrevocable payment in the amount of such Margin Transfer or. where such Margin Transfer is a delivery, an irrevocable delivery of Securities (or other property. as the case may be) equivalent thereto. 47 Confidential CONFIDENTIAL — PURSUANT TO FED. R CRIM. P. 6(e) DB-SDNY-0115432 CONFIDENTIAL SDNY_GM_00261616 EFTA01456281