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Untitled - Irish Stock Exchange

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(13) The purchaser will not initiate or cause the filing of a petition in bankruptcy against the Issuer before one<br />

year and one day (or, if longer, the applicable preference period then in effect) have elapsed since the<br />

payment in full of the Notes.<br />

(14) The purchaser agrees to treat the Rated Notes as debt for U.S. tax purposes and the Income Notes as equity<br />

for U.S. tax purposes, and further agrees to take no action inconsistent with such treatment. The purchaser<br />

understands that the Issuer may require such certification as is reasonably necessary to (i) permit the Issuer<br />

to make payments to it without, or at a reduced rate of, withholding or (ii) enable the Issuer to qualify for a<br />

reduced rate of withholding in any jurisdiction from or through which the Issuer receives payments on its<br />

assets. The purchaser agrees to provide any such certification that is requested by the Issuer.<br />

Under the Indenture, the Issuer will agree to comply with the requirements of Rule 144A under the<br />

Securities Act relative to providing information to prospective purchasers in the secondary market.<br />

Each purchaser of Rated Notes represented by an interest in a Regulation S Global Note will be deemed to<br />

have made the representations set forth in clauses (2), (3), (4), (6), (7), (8), (9), (10), (11), (12) and (13) above and to<br />

have further represented and agreed as follows (terms used in this paragraph that are defined in Regulation S under<br />

the Securities Act are used herein as defined therein):<br />

(1) The purchaser is aware that the sale of Rated Notes to it is being made in reliance on the exemption from<br />

registration provided by Regulation S under the Securities Act and understands that the Rated Notes offered<br />

in reliance on Regulation S under the Securities Act will bear the legend set forth above and be represented<br />

by one or more Regulation S Global Notes.<br />

(2) The purchaser is not a U.S. Person and is purchasing in an offshore transaction. The Regulation S Global<br />

Notes so represented may not at any time be held by or on behalf of U.S. Persons as defined in Regulation<br />

S under the Securities Act. The purchaser and each beneficial owner of the Rated Notes that it holds is not,<br />

and will not be, a U.S. Person as defined in Regulation S under the Securities Act or a United States<br />

resident for purposes of the Investment Company Act. Before any interest in a Regulation S Global Note<br />

may be offered, resold, pledged or otherwise transferred to a person who takes delivery in the form of an<br />

interest in a Rule 144A Global Note, the transferee will be required to provide the Trustee with a written<br />

certification (on the terms provided in the Indenture) as to compliance with the transfer restrictions.<br />

Income Notes<br />

Each purchaser of Income Notes issued in the form of a Certificated Income Note will be required to<br />

represent as follows (terms used in this paragraph that are defined in Regulation D, Regulation S or Rule 144A<br />

under the Securities Act, as applicable, are used herein as defined therein):<br />

(1) The purchaser is either (I) (A) (x) a qualified institutional buyer as defined in Rule 144A under the<br />

Securities Act (each, a "QIB") who is also a qualified purchaser for purposes of Section 3(c)(7) of the<br />

Investment Company Act (each, a "Qualified Purchaser") or (y) an "institutional accredited investor"<br />

meeting the requirements of Rule 501(a)(1), (2), (3) or (7) of Regulation D under the Securities Act) (each,<br />

an "Institutional Accredited Investor") who is also a Qualified Purchaser, (B) aware that the initial sale of<br />

the Income Notes to it is being made in reliance on the exemption from registration provided by Rule 144A<br />

or Section 4(2) under the Securities Act and that the purchaser and each beneficial owner of the Income<br />

Notes that it holds is not, and will not be, a U.S. Person as defined in Regulation S under the Securities Act<br />

or a United States resident for purposes of the Investment Company Act and (C) acquiring the Income<br />

Notes for its own account or for one or more accounts, each of which is (x) a QIB who is also a Qualified<br />

Purchaser or (y) an Institutional Accredited Investor who is also a Qualified Purchaser, and as to each of<br />

which the purchaser exercises sole investment discretion, and in a principal amount of not less than<br />

U.S.$250,000, or (II) (x) not a U.S. Person and is purchasing in an offshore transaction and that the Income<br />

Notes so represented may not at any time be held by or on behalf of U.S. Persons as defined in Regulation<br />

S under the Securities Act and (y) is aware that the sale of Income Notes to it is being made in reliance on<br />

the exemption from registration provided by Regulation S under the Securities Act and understands that the<br />

Income Notes offered in reliance on Regulation S under the Securities Act will bear the legend set forth<br />

113

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