SUPPLEMENTAL INFORMATION MEMORANDUM XENON ...

include the Counterparty or its Affiliate as one Dealer or as may otherwise be specified in the Issue
Terms.
"Default Requirement" means the amount as may be specified as such in the Issue Terms or its
equivalent in the relevant Obligation Currency or, if a Default Requirement is not so specified in the
Issue Terms, U.S.$10,000,000 or its equivalent in the relevant Obligation Currency, in either case as
of the occurrence of the relevant Credit Event.
"Deliver" means to deliver, novate, transfer (including, in the case of a Qualifying Guarantee,
transfer of the benefit of the Qualifying Guarantee), assign or sell, as appropriate, in the manner
customary for the settlement of the applicable Deliverable Obligations (which shall include
executing all necessary documentation and taking any other necessary actions), in order to convey all
right, title and interest in the Deliverable Obligations specified in the Notice of Physical Settlement
or any NOPS Amendment Notice, as applicable, to the Issuer or the Securityholders, as the case may
be, free and clear of any and all liens, charges, claims or encumbrances (including, without
limitation, any counterclaim, defence (other than a counterclaim or defence as set out in the
definition of "Credit Event") or right of set off by or of the Reference Entity or, as applicable, an
Underlying Obligor (which, for the purpose of this definition, shall include the Insured Obligor))
provided that to the extent that the Deliverable Obligations consist of Qualifying Guarantees,
"Deliver" means to Deliver both the Qualifying Guarantee and the Underlying Obligation (which, for
the purpose of this definition, shall include Insured Instruments). "Delivery" and "Delivered" will be
construed accordingly. In the case of a Loan, Delivery shall be effected using documentation
substantially in the form of the documentation customarily used in the relevant market for Delivery
of such Loan at that time. Notwithstanding the previous sentence, in the case of a Loan, Delivery
may be effected using the provisions of any documentation (which term shall be deemed to include
any market advisory that the relevant Credit Derivatives Determinations Committee Resolves to
approve for such purpose) that the relevant Credit Derivatives Determinations Committee Resolves
constitutes documentation customarily used in the relevant market for Delivery of such Loan at that
time, as such documentation may be amended to the extent the relevant Credit Derivatives
Determinations Committee Resolves is appropriate, which is consistent with the delivery and
payment obligations of the Issuer. "Deliver" with respect to an obligation that is a Qualifying Policy
means to Deliver both the Insured Instrument and the benefit of the Qualifying Policy (or a custodial
receipt issued by an internationally recognized custodian representing an interest in such Insured
Instrument and the related Qualifying Policy), and "Delivery" and "Delivered" will be construed
accordingly.
"Deliverable Obligation" means, subject to Conditions CL10(c) and (d) (Restructuring Credit Event
Applicable):
(a)
any obligation of a Reference Entity (either directly or as provider of a Qualifying Affiliate
Guarantee or Qualifying Policy or, if All Guarantees is specified as applicable in the Issue
Terms, as provider of any Qualifying Guarantee), as selected by the Counterparty in its
absolute and sole discretion, described by the Deliverable Obligation Category and having
each of the Deliverable Obligation Characteristics, in each case, as of the Delivery Date (but
excluding any Excluded Deliverable Obligation) that is (i) payable in an amount equal to its
Outstanding Principal Balance or Due and Payable Amount, as applicable, (ii) is not subject
to any counterclaim, defence (other than as set out in the definition of "Credit Event") or
right of set off by or of a Reference Entity or any applicable Underlying Obligor (and which,
for the purpose of this definition, shall include where the Reference Obligation is a
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