SUPPLEMENTAL INFORMATION MEMORANDUM XENON ...

(i)
(ii)
(iii)
(iv)
(v)
(vi)
Where a Succession Event has occurred in respect of a Reference Entity and more than one
Successor has been identified, each such Successor will be a Reference Entity (a "Successor
Reference Entity") for the purposes of the credit derivatives transaction evidenced by the
Swap Agreement (and, for the avoidance of doubt, the original Reference Entity (the
"Original Reference Entity") shall cease to be a Reference Entity except where it is itself a
Successor Reference Entity).
The Reference Amount in respect of each Successor Reference Entity shall be the Reference
Amount in respect of the Original Reference Entity divided by the number of Successor
Reference Entities.
If a Successor Reference Entity has already been named as a Reference Entity under the
credit derivatives transaction evidenced by the Swap Agreement, then it will be deemed to
be a Reference Entity only once thereunder, and the Reference Amount for such Reference
Entity shall be the sum of the Reference Amounts otherwise applicable to it.
Following the occurrence of a Succession Event and the adjustment of the Reference
Amounts in respect of each Successor Reference Entity as provided above, satisfaction of
the Conditions to Settlement with respect to any Successor Reference Entity will, unless
otherwise specified in the Issue Terms, result in a proportional redemption of the Securities
in accordance with the provisions of this Credit-Linked Securities Conditions Module in
relation to Basket Cash CLS, Basket Physical CLS or Portfolio CLS, as the case may be.
The provisions of this Credit-Linked Securities Conditions Module shall apply to any
subsequent Credit Event Notices delivered in respect of any other Successor Reference
Entity, as well as any Reference Entity which was originally named as such under the credit
derivatives transaction evidenced by the Swap Agreement. For the avoidance of doubt, the
provisions of this Condition CL9 shall apply to each Succession Event.
Any determinations and calculations and adjustment to the Issue Terms and Swap
Agreement relating to, connected with or resulting from a Succession Event shall be made
by the Calculation Agent (to the extent such determinations are not made by the Credit
Derivatives Determinations Committees) in its sole discretion and, in the absence of
manifest error, shall be conclusive and binding on all parties. The Issue Terms and the Swap
Agreement may be amended and restated at such time to reflect the effect of a Succession
Event without the consent of the Securityholders and the Securityholders are deemed to
agree to this provision by the purchase of the Securities.
CL10. RESTRUCTURING CREDIT EVENT APPLICABLE
(a)
Where Restructuring is specified in the Issue Terms as being an applicable Credit Event and, unless
otherwise specified in the Issue Terms and the Charged Agreement, the Counterparty may deliver
multiple Credit Event Notices with respect to such Restructuring Credit Event. Accordingly,
notwithstanding anything to the contrary in Conditions CL1 (Types of Credit-Linked Securities) to
CL9 (Succession Events) above (both inclusive), where a Restructuring Credit Event has occurred
and the Counterparty has delivered a Credit Event Notice for an amount that is less than the
aggregate Outstanding Principal Amount of the Securities immediately prior to the delivery of such
Credit Event Notice (the "Exercise Amount"), the provisions of Conditions CL1 (Types of Credit-
Linked Securities) to CL9 (Succession Events) (both inclusive) shall be deemed to apply to a
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