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

Interest will cease to accrue on each Note or, in the case of a partial repayment of principal, on such part, from
the date of repayment or Stated Maturity unless payment of principal is improperly withheld or unless a default is
otherwise made with respect to such payments.
"LIBOR" for each Interest Accrual Period with respect to any Class of Notes will be determined by the Trustee
under the Indenture acting in the capacity of calculation agent (the "LIBOR Calculation Agent") in accordance with
the following provisions (with the result in each case being rounded to the nearest 0.00001%):
(1) On the second LIBOR Business Day prior to the commencement of an Interest Accrual Period (each
such day, a "LIBOR Determination Date"), LIBOR will equal the rate, as obtained by the LIBOR Calculation
Agent from Bloomberg Financial Markets Commodities News or any successor thereto, for U.S. dollar deposits
in Europe of the LIBOR Period that appears on Dow Jones Telerate Page 3750 (as defined in the International
Swaps and Derivatives Association, Inc. 1991 Definitions), or such other page as may replace such Page 3750
(for the purpose of displaying comparable rates), as of 11:00 a.m. (London time) on such LIBOR Determination
Date.
(2) If, on any LIBOR Determination Date, such rate does not appear on Dow Jones Telerate Page 3750 as
reported on Bloomberg Financial Market Commodities News or such other page as may replace such Page 3750
(for the purpose of displaying comparable rates), the LIBOR Calculation Agent will determine the arithmetic
mean of the offered quotations of the Reference Banks to leading banks in the London interbank market for
U.S. dollar deposits in Europe of the LIBOR Period in an amount determined by the LIBOR Calculation Agent
by reference to requests for quotations as of approximately 11:00 a.m. (London time) on the LIBOR
Determination Date made by the LIBOR Calculation Agent to the Reference Banks. If, on any LIBOR
Determination Date, at least two of the Reference Banks provide such quotations, LIBOR will equal the
arithmetic mean of such quotations. If, on any LIBOR Determination Date, only one or none of the Reference
Banks provides such quotations, LIBOR will be deemed to be the arithmetic mean of the offered quotations that
leading banks in the City of New York selected by the LIBOR Calculation Agent (after consultation with the
Collateral Manager) are quoting on the relevant LIBOR Determination Date for U.S. dollar deposits in Europe
of the LIBOR Period in an amount determined by the LIBOR Calculation Agent by reference to the principal
London offices of leading banks in the London interbank market; provided that, if the LIBOR Calculation
Agent is required but is unable to determine a rate in accordance with at least one of the procedures provided
above, LIBOR will be LIBOR as determined on the previous LIBOR Determination Date.
"LIBOR Period" means: (i) the period specified in the Indenture when used in conjunction with LIBOR, as in
the phrase "three-month LIBOR"; or (ii) if no such period is specified, three months.
"Reference Banks" means four major banks in the London interbank market selected by the LIBOR Calculation
Agent. "LIBOR Business Day" means a day on which commercial banks are open for business (including dealings
in foreign exchange and foreign currency deposits) in London.
As soon as possible after 11:00 a.m. (London time) on each LIBOR Determination Date, but in no event later
than 11:00 a.m. (London time) on the Business Day immediately following each LIBOR Determination Date, the
LIBOR Calculation Agent will calculate the interest rate for the next Interest Accrual Period in respect of each Class
of Notes and the amount of interest for such Interest Accrual Period payable in respect of each U.S.$100,000
principal amount of Notes of such Class (the "Interest Amount") (rounded to the nearest cent, with half a cent being
rounded upward) for the related Distribution Date and will communicate such rates and amounts to the Co-Issuers,
the Trustee, any Paying Agents, DTC, Euroclear, Clearstream-Luxembourg, the Collateral Manager and, so long as
any Notes are listed on the Irish Stock Exchange, to that exchange.
The Trustee will act as the initial LIBOR Calculation Agent for each Class of Notes. The LIBOR Calculation
Agent may be removed by the Co-Issuers at any time. If the LIBOR Calculation Agent is unable or unwilling to act
as such or is removed by the Co-Issuers, the Co-Issuers will promptly appoint as a replacement LIBOR Calculation
Agent the London office of a leading bank that is engaged in transactions in Eurodollar deposits in the international
Eurodollar market and that does not control or is not controlled by or under common control with the Co-Issuers or
their affiliates. The LIBOR Calculation Agent may not resign its duties without a successor having been duly
appointed and, upon such appointment, the successor shall promptly inform each Hedge Counterparty of such
appointment. The LIBOR Calculation Agent's determination of the interest rate and Interest Amount applicable to
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