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JPMORGAN CHASE & CO. - Irish Stock Exchange

JPMORGAN CHASE & CO. - Irish Stock Exchange

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Delivery of Notes<br />

On or after any due date for exchange, the holder of a Global Note may surrender such Global Note or, in the case of a<br />

partial exchange, present it for endorsement to or to the order of the Agent. In exchange for any Global Note, or the part<br />

thereof to be exchanged, the Issuer will (i) in the case of a Temporary Global Note exchangeable for a Permanent<br />

Global Note, deliver, or procure the delivery of, a Permanent Global Note in an aggregate nominal amount equal to that<br />

of the whole or that part of a Temporary Global Note that is being exchanged or, in the case of a subsequent exchange,<br />

endorse, or procure the endorsement of, a Permanent Global Note to reflect such exchange or (ii) in the case of a Global<br />

Note exchangeable for Definitive Notes or Registered Notes, deliver, or procure the delivery of, an equal aggregate<br />

nominal amount of duly executed and authenticated Definitive Notes and/or Certificates, as the case may be. Definitive<br />

Notes will be security-printed and Certificates will be printed in accordance with any applicable legal and stock<br />

exchange requirements in or substantially in the form set out in the Schedules to the Agency Agreement. On exchange<br />

in full of each Permanent Global Note, the Issuer will, if the holder so requests, procure that it is cancelled and returned<br />

to the holder together with the relevant Definitive Notes. In the case of Registered Notes see “Clearing and Settlement<br />

of Registered Notes¾Certificates”. No Permanent Global Note or Definitive Note (which is not a Restricted Note) will<br />

be delivered to any address within the United States or its possessions. Restricted Notes may be sold pursuant to an<br />

exemption from the provisions of Section 5 of the Securities Act provided by Rule 144A.<br />

Amendment to Conditions<br />

The Temporary Global Notes, Permanent Global Notes and Global Certificates contain provisions that apply to the<br />

Notes that they represent, some of which modify the effect of the terms and conditions of the Notes set out in this Base<br />

Prospectus. The following is a summary of certain of those provisions:<br />

Payments<br />

No payment falling due after the <strong>Exchange</strong> Date will be made on any Temporary Global Note unless exchange for an<br />

interest in a Permanent Global Note or for Definitive Notes is improperly withheld or refused. Payments on any<br />

Temporary Global Note issued in compliance with U.S. Treas. Reg. §1.163-5(c)(2)(i)(D) before the <strong>Exchange</strong> Date will<br />

be made only against presentation of certification as to non-U.S. beneficial ownership in the form set out in the Agency<br />

Agreement. All payments in respect of Notes represented by a Global Note will be made against presentation for<br />

endorsement and, if no further payment falls to be made in respect of the Notes, for surrender of that Global Note to or<br />

to the order of the Agent or such other Paying Agent which has been appointed for such purpose. A record of each<br />

payment so made will be endorsed on each Global Note, which endorsement will be prima facie evidence that such<br />

payment has been made in respect of the Notes. No payment with respect to the Temporary Global Notes, Permanent<br />

Global Notes, or Definitive Notes, as applicable, will be made by mail to the United States or its possessions or by<br />

transfer to an account maintained therein.<br />

Payments of principal and interest in respect of Notes represented by a Global Certificate registered in the name of a<br />

nominee for DTC will, if such Notes are denominated in U.S. dollars, be made in accordance with the above paragraph.<br />

Payments of principal and interest in respect of Notes represented by a Global Certificate registered in the name of a<br />

nominee for DTC will, if such Notes are denominated in a Specified Currency other than U.S. dollars, be made or<br />

procured to be made by the Agent in the relevant Specified Currency in accordance with the following provisions. The<br />

amounts in such Specified Currency payable by the Agent or its agent to DTC with respect to such Notes will be<br />

received from the Issuer by the Agent who will make payments in such Specified Currency by wire transfer of same day<br />

funds to the designated bank account in such Specified Currency of those DTC participants entitled to receive the<br />

relevant payment who have made an irrevocable election to DTC, in the case of interest payments, on or prior to the<br />

third DTC business day after the Record Date for the relevant payment of interest and, in the case of payments of<br />

principal, at least 12 DTC business days prior to the relevant payment date, to receive that payment in such Specified<br />

Currency. The Agent, after the <strong>Exchange</strong> Agent has converted amounts in such Specified Currency into U.S. dollars,<br />

will deliver such U.S. dollar amount in same day funds to DTC for payment through its settlement system to those DTC<br />

participants entitled to receive the relevant payment who did not elect to receive such payment in such Specified<br />

Currency. The Agency Agreement sets out the manner in which such conversions are to be made. “DTC business day”<br />

means any day on which DTC is open for business.<br />

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