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

the applicable column of the table below based upon the period of time between certification and the expected date
of sale:
Number of Business Days Between
Certification and Expected Sale
Collateral Type 1 to 2 3 to 5 6 to 15
Cash and Eligible Investments................................................................... 100% 100% 100%
Loans (other than loans with a Market Value of less than 90% of
the Principal Balance thereof)................................................................ 93% 92% 88%
Bonds rated "B3/B-" or higher (other than bonds with a Market
Value of less than 90% of the Principal Balance thereof)...................... 89% 85% 75%
Loans with a Market Value of less than 90% of the Principal
Balance thereof...................................................................................... 80% 73% 60%
Bonds rated "Caa1/CCC+" or lower and Bonds rated "B3/B-" or
higher with a Market Value of less than 90% of the Principal
Balance thereof...................................................................................... 75% 65% 45%
Any notice of Optional Redemption or Tax Redemption may be withdrawn by the Issuer up to the fourth
Business Day prior to the scheduled Redemption Date by written notice to the Trustee, the Collateral Manager, each
Hedge Counterparty and the Preferred Share Paying Agent (for forwarding to the holders of the Preferred Shares)
only if the Collateral Manager does not deliver evidence to the Trustee that the Issuer has entered into the sale
agreement or agreements or provided the certifications referred to above, as the case may be. At the cost of the
Issuer, notice of any such withdrawal will be given by the Trustee to each holder of Notes and Preferred Shares to be
delivered to such holder's address in the Note Register or the register maintained under the Preferred Share
Documents, as the case may be, if possible, by overnight courier guaranteeing next day delivery and otherwise by
first class mail, sent not later than the second Business Day prior to the scheduled Redemption Date. If a
counterparty to a forward agreement relating to the sale of a Collateral Debt Obligation fails to consummate the
purchase contemplated therein in whole or in part by the Business Day prior to the scheduled Redemption Date, and
as a result of such failure, there would not be sufficient funds available to the Issuer to consummate such scheduled
redemption in accordance with the Priority of Payments, any failure to consummate such scheduled redemption on
such Redemption Date under such circumstances will not constitute a Default or an Event of Default.
For so long as any Class of Notes is listed on the Irish Stock Exchange and the rules thereof so require, notice of
any such withdrawal will be published via the Company Announcement Office of the Irish Stock Exchange or as
otherwise required by the rules of the Irish Stock Exchange and, in the case of Notes in global form, as applicable,
delivery of the relevant notice will be made for communication by such Clearing Agency to the holders of interests
in the relevant Notes in global form.
The amount payable in connection with a redemption of any Note or Preferred Share (the "Redemption Price")
will be, when used with respect to (i) any Class of Notes to be redeemed pursuant to the Indenture, an amount equal
to 100% of the Aggregate Outstanding Amount of such Notes, together with accrued and unpaid interest thereon at
the applicable Note Interest Rate to the Redemption Date and (ii) any Preferred Shares to be redeemed, the amount
of the proceeds of the Collateral remaining, if any, after giving effect to the redemption of the Notes and the
payment of, or establishment of a reserve for, all prior amounts in accordance with the Priority of Payments.
All Notes and Preferred Shares that are redeemed or paid and surrendered for cancellation as described herein
will be canceled and may not be reissued or resold.
Required Disposition
Notwithstanding any other provision hereof, if the Issuer reasonably determines in good faith that a holder or
beneficial owner of the Offered Securities does not have the status that it purports to have and such holder or
beneficial owner is not otherwise qualified to hold such Offered Securities, the Issuer will have the right to require
such holder or beneficial owner to dispose of such holder's or beneficial owner's Offered Securities to a person or
entity that is qualified to hold such Offered Securities immediately upon receipt of a notice from the Issuer that such
holder or beneficial owner is not so qualified.
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