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Octagon Investment Partners IX, Ltd. JPMorgan - Irish Stock Exchange

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At the cost of the Co-Issuers, the Trustee will provide to the Secured Parties and to the Preferred Share Paying<br />

Agent (for forwarding to the holders of the Preferred Shares) a copy of any proposed supplemental indenture at least<br />

ten Business Days prior to the execution thereof by the Trustee and a copy of the executed supplemental indenture<br />

after its execution. At the cost of the Co-Issuers, the Trustee will provide to the Rating Agencies a copy of any<br />

proposed supplemental indenture at least ten Business Days prior to the execution thereof by the Trustee and, as<br />

soon as practicable after the execution by the Trustee and the Co-Issuers of any such supplemental indenture,<br />

provide to the Rating Agencies a copy of the executed supplemental indenture.<br />

Subject to the receipt of a Rating Confirmation with respect thereto, with the consent of (1) a Majority of the<br />

outstanding Notes voting together as a single class, by Act of such Majority delivered to the Trustee and the<br />

Co-Issuers, (2) a Majority of the Preferred Shares adversely affected thereby, by Act of such Majority delivered to<br />

the Trustee and the Issuer, (3) each Hedge Counterparty (if materially adversely affected thereby), (4) the Collateral<br />

Manager, if such supplemental indenture would reduce the rights, decrease the fees or increase the obligations of the<br />

Collateral Manager, otherwise impose greater duties or liabilities on the Collateral Manager or affect its rights or<br />

obligations and (5) any former Collateral Manager, if such supplemental indenture would materially change any<br />

provision of the Indenture entitling such Person to any fee or other amount payable to it under the Indenture so as to<br />

reduce or delay the right of such Person to such payment, the Trustee and Co-Issuers may enter into one or more<br />

indentures supplemental to the Indenture to add any provisions to, or change in any manner or eliminate any of the<br />

provisions of, the Indenture or modify in any manner the rights of the holders of the Notes under the Indenture;<br />

provided that, notwithstanding anything to the contrary contained under this caption "—Modification of Indenture,"<br />

no such supplemental indenture may be entered into without the Issuer first having received the consent of the<br />

Collateral Manager, each holder of each outstanding Note materially adversely affected thereby the holder of each<br />

outstanding Preferred Share adversely affected thereby (which consent, in the case of the Preferred Shares, will be<br />

evidenced by an officer's certificate of the Issuer certifying that such consent has been obtained) and each Hedge<br />

Counterparty adversely affected thereby if such supplemental indenture would:<br />

(a) change the Stated Maturity of the principal of or the due date of any installment of interest on any<br />

Note, reduce the principal amount thereof or the interest rate (or, in the case of the Preferred Shares, the<br />

amounts (if any) distributable to such holders on any Distribution Date pursuant to clause (19) and clause (21)<br />

of the allocation of payments described below under "Application of Funds—Priority of Payments—<br />

Distributions of Interest Proceeds" and each of clause (9) and clause (11) of the allocation of payments<br />

described below under "Application of Funds—Priority of Payments—Distributions of Principal Proceeds")<br />

thereon, or the Redemption Price with respect thereto, or change the earliest date on which any Note may be<br />

redeemed, change the provisions of the Indenture relating to the application of proceeds of any Collateral to the<br />

payment of principal of or interest on Notes (or, in the case of the Preferred Shares, the amounts (if any)<br />

distributable to such holders on any Distribution Date pursuant to clause (19) and clause (21) of the allocation<br />

of payments described below under "Application of Funds—Priority of Payments—Distributions of Interest<br />

Proceeds" and each of clause (9) and clause (11) of the allocation of payments described below under<br />

"Application of Funds—Priority of Payments—Distributions of Principal Proceeds") or change any place<br />

where, or the coin or currency in which, any Note or the principal thereof or interest thereon is payable, or<br />

impair the right to institute suit for the enforcement of any such payment on or after the Stated Maturity thereof<br />

(or, in the case of redemption, on or after the applicable Redemption Date);<br />

(b) reduce the percentage of the Aggregate Outstanding Amount of holders of Notes or holders of<br />

each Class or the percentage of Preferred Shares held by the holders of Preferred Shares whose consent is<br />

required for the authorization of any such supplemental indenture or for any waiver of compliance with certain<br />

provisions of the Indenture or certain Defaults thereunder or their consequences or otherwise amend or modify<br />

the requirements for such consent;<br />

(c) permit the creation of any lien ranking prior to or on a parity with the lien of the Indenture with<br />

respect to any part of the Collateral or terminate such lien on any property at any time subject hereto (other than<br />

as permitted thereby or in connection with the sale thereof in accordance with the Indenture) or deprive the<br />

holder of any Note or any other Secured Party of the security afforded by the lien of the Indenture;<br />

(d) reduce the percentage of the Aggregate Outstanding Amount of Notes of each Class or the<br />

aggregate outstanding principal amount of Notes, the consent of the holders of which is required to request the<br />

Trustee to preserve the Collateral or rescind the Trustee's election to preserve the Collateral pursuant to the<br />

109

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