VALLAURIS II CLO PLC - Irish Stock Exchange

DESCRIPTION OF THE COLLATERAL ADMINISTRATOR
General
ABN AMRO Bank N.V. (London Branch) will, under the terms of the Collateral Management
Agreement, act as the Collateral Administrator.
In the United Kingdom, ABN AMRO Bank N.V. (London Branch) has been authorised to
accept deposits, and is regulated by, the Financial Services Authority and is subject to the Conduct of
Business Rules.
Termination and Resignation of Appointment of the Collateral Administrator
The appointment of the Collateral Administrator may be terminated (a) without cause at any
time upon 45 days’ prior written notice by the Issuer or the Trustee at its discretion or acting upon
the directions of the holders of a majority in aggregate principal amount outstanding of each Class of
Notes or (b) with cause by the Issuer or the Trustee at its discretion or acting upon the directions of
the holders of a majority in principal amount outstanding of each Class of Notes. In addition the
Collateral Administrator can resign its appointment without cause on 90 days’ written notice and
with cause on 10 days’ prior written notice. No termination or resignation of the Collateral
Administrator will be effective until a successor collateral administrator has been appointed.
210