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Untitled - Irish Stock Exchange

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elow and be represented by one or more Notes. 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. Before any Income Note may be<br />

offered, resold, pledged or otherwise transferred to a person who takes delivery of an Income Note, the<br />

transferee will be required to provide the Trustee with a written certification (on the terms provided in the<br />

Indenture) as to compliance with the transfer restrictions, or an opinion of counsel (as may reasonably be<br />

required by the Issuer or the Investment Manager) that the transfer would not require the Income Notes to<br />

be registered under the Securities Act. If the purchaser (or any such account) is within clause (A), it is not<br />

a broker dealer who owns and invests on a discretionary basis less than U.S.$25,000,000, and it is not a<br />

participant directed employee plan, such as a 401(k) plan. The purchaser has such knowledge and<br />

experience in financial and business matters as to be capable of evaluating the merits and risks of its<br />

investment in the Income Notes, and the purchaser and any accounts for which it is acting are each able to<br />

bear the economic risk of the purchaser's or its investment. The purchaser understands that in the event that<br />

at any time the Issuer or the Trustee determines that such purchaser was in breach, at the time given, of any<br />

of the representations or agreements set forth in this clause (1), the Trustee may consider the acquisition of<br />

the related Income Notes void and require that the related Income Notes be transferred to a person<br />

designated by the Issuer.<br />

(2) The purchaser understands that the Income Notes are being offered only in transactions not involving any<br />

public offering within the meaning of the Securities Act. The Income Notes have not been and will not be<br />

registered under the Securities Act, and, if in the future the purchaser decides to offer, resell, pledge or<br />

otherwise transfer the Income Notes, such Income Notes may be offered, resold, pledged or otherwise<br />

transferred only in accordance with the legend on such Income Notes described below. The purchaser<br />

acknowledges that no representation is made by the Issuer as to the availability of any exemption under the<br />

Securities Act or any state or foreign securities laws for resale of the Income Notes.<br />

(3) The purchaser is not purchasing the Income Notes with a view to the resale, distribution or other<br />

disposition thereof in violation of the Securities Act. The purchaser understands that an investment in the<br />

Income Notes involves certain risks, including the risk of loss of all or a substantial part of its investment<br />

under certain circumstances. The purchaser has had access to such financial and other information<br />

concerning the Issuer and the Income Notes as it deemed necessary or appropriate in order to make an<br />

informed investment decision with respect to its purchase of the Income Notes, including an opportunity to<br />

ask questions of and request information from the Issuer and the Investment Manager.<br />

(4) In connection with the purchase of the Income Notes: (i) none of the Issuers, the Investment Manager, the<br />

Trustee, the Corporate Services Provider or the Share Trustee is acting as a fiduciary or financial or<br />

investment advisor for the purchaser; (ii) the purchaser is not relying (for purposes of making any<br />

investment decision or otherwise) upon any advice, counsel or representations (whether written or oral) of<br />

the Issuers, the Investment Manager, the Trustee, the Corporate Services Provider or the Share Trustee<br />

other than, in the case of the Issuer, in this Offering Circular for such Income Notes and any representations<br />

expressly set forth in a written agreement with such party; (iii) none of the Issuers, the Investment Manager,<br />

the Trustee, the Corporate Services Provider or the Share Trustee have given to the purchaser (directly or<br />

indirectly through any other person) any assurance, guarantee, or representation whatsoever as to the<br />

expected or projected success, profitability, return, performance, result, effect, consequence, or benefit<br />

(including legal, regulatory, tax, financial, accounting or otherwise) of its purchase; (iv) the purchaser has<br />

consulted with its own legal, regulatory, tax, business, investment, financial, and accounting advisors to the<br />

extent it has deemed necessary, and it has made its own investment decisions (including decisions<br />

regarding the suitability of any transaction pursuant to the Indenture) based upon its own judgment and<br />

upon any advice from such advisors as it has deemed necessary and not upon any view expressed by the<br />

Issuers, the Investment Manager, the Trustee, the Corporate Services Provider or the Share Trustee; and (v)<br />

the purchaser is purchasing the Income Notes with a full understanding of all of the terms, conditions and<br />

risks thereof (economic and otherwise), and it is capable of assuming and willing to assume (financially<br />

and otherwise) those risks.<br />

(5) Neither the purchaser nor any account for which the purchaser is acquiring Income Notes was formed for<br />

the purpose of acquiring any Income Notes. The purchaser and each account for which the purchaser is<br />

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