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

("Octagon" or the "Collateral Manager"), pursuant to a Collateral
Management Agreement to be dated as of the Closing Date by and
between the Issuer and the Collateral Manager (the "Collateral
Management Agreement").
Octagon is expected to purchase up to 2,240 Preferred Shares on the
Closing Date. Octagon is not required to retain any of such Preferred
Shares for any period of time.
Distributions of Interest Proceeds:......... On each Distribution Date, Interest Proceeds (other than Interest
Proceeds invested or intended to be invested by the Issuer at the
direction of the Collateral Manager in accrued interest in respect of
Substitute Collateral Debt Obligations), with respect to the related Due
Period will be distributed in the following order of priority:
(1) to the payment of taxes, filing fees and registration fees (if
any) owing by the Issuer or the Co-Issuer for the related Interest
Accrual Period as certified by the Issuer the or the Co-Issuer, as
applicable, to the Trustee;
(2) to the payment of the following amounts in the following
priority: (i) to the pro rata payment of accrued and unpaid
Administrative Expenses constituting fees and expenses (including in
respect of any indemnities) of the Trustee, the Preferred Share Paying
Agent, the Collateral Administrator and the Securities Intermediary;
and (ii) all other accrued and unpaid Administrative Expenses
(including in respect of any indemnities) (in the order set forth in the
definition of such term) including amounts payable by the Issuer to the
Collateral Manager under the Collateral Management Agreement or the
Indenture and expenses of the Trustee, the Preferred Share Paying
Agent, the Collateral Administrator and the Securities Intermediary not
paid pursuant to clause (i) of this clause (2); provided that such
payments pursuant to clauses (i) and (ii) above shall be in aggregate
limited to payments not to exceed on any Distribution Date the sum of
0.05% per annum (prorated for the related Interest Accrual Period) of
the Principal Collateral Value on the related Determination Date plus
U.S.$220,000 per annum (the limit imposed on clauses (i) and (ii) of
this clause (2), the "Administrative Expense Cap");
(3) on and after the second Distribution Date, for deposit into the
Expense Account, at the Collateral Manager's discretion, up to an
amount equal to an amount, if greater than zero, by which (i) the
Administrative Expense Cap on such Distribution Date exceeds (ii) the
aggregate payments pursuant to clauses (i) and (ii) of clause (2) above
on such Distribution Date;
(4) to the payment of all accrued and unpaid Hedge Payment
Amounts (in the case of any Currency Hedge, to the extent that there
are no funds available in the subaccount applicable to such Currency
Hedge within the Currency Account) (other than amounts due as a
result of the termination (or partial termination) of such Hedge
Agreement);
(5) first, to the payment of all accrued and unpaid Base Collateral
Management Fees; and second, to the payment of all accrued and
unpaid Base Collateral Management Fee Interest;
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