SUPPLEMENTAL INFORMATION MEMORANDUM XENON ...

(g)
(h)
Portfolio Credit-Linked Securities ("Portfolio CLS") where the Issuer purchases
credit protection from the Securityholders in respect of a portfolio of 2 or more
Reference Entities (which may be on a leveraged basis). Upon the satisfaction
of the Conditions to Settlement with respect to any of the Reference Entities
and, if applicable, provided certain prescribed cumulative loss limits have been
exceeded, the Securities will, unless otherwise specified in the Issue Terms, be
redeemed proportionally.
Credit-Linked Securities of a type other than those set out in (a) to (g) above
and as may be specified in the Issue Terms.
For the avoidance of doubt, the Issuer will buy protection from the Securityholders to
match the protection it sells to the Counterparty under the Charged Agreement in
respect of a Series of Securities.
CL8.
EVENT TERMS
The Issue Terms shall specify:
(a)
(b)
(c)
(d)
(e)
(f)
(g)
the Reference Entity or Reference Entities in respect of which a Credit Event
may occur (which shall include any Successor(s) thereto);
the Reference Obligation(s) (if any) in respect of each Reference Entity;
the date to which the Issuer has purchased credit protection from the
Securityholders in respect of the Reference Entity or Reference Entities (the
"Scheduled Termination Date", which shall not be subject to adjustment in
accordance with any Business Day Convention unless otherwise specified in the
Issue Terms);
the amount and the currency in which the Issuer has purchased credit protection
(the "Reference Amount" or, as the case may be, the "Floating Rate Payer
Calculation Amount") from the Securityholders in respect of each Reference
Entity;
the relevant Credit Events, including (i) whether Grace Period Extension
applies (which enables a Potential Failure to Pay that occurred prior to the
Scheduled Termination Date but that resulted in a Failure to Pay after the
Scheduled Termination Date to be a Credit Event), (ii) whether there is any
Default Requirement or Payment Requirement for an amount other than
U.S.$10,000,000 and U.S.$1,000,000 respectively, (iii) whether either
Repudiation/Moratorium (1999 version) or Repudiation/Moratorium (2003
version) applies, and (iv) where Restructuring is specified as an applicable
Credit Event, whether "Restructuring Maturity Limitation and Fully
Transferable Obligation Applicable" applies or, as the case may be, "Modified
Restructuring Maturity Limitation and Conditionally Transferable Obligation
Applicable" applies or if neither applies;
the Obligations in respect of which the Credit Event may occur, including the
Obligation Category and the Obligation Characteristics;
in the case of Physically Settled CLS, the Deliverable Obligations that may be
Delivered, including the Deliverable Obligation Category and the Deliverable
Obligation Characteristics; and
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