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Barclays, Base Prospectus 2006

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- 51 -<br />

incur a materially increased cost in performing its obligations under the [Notes] [Certificates]<br />

(including, without limitation, due to any increase in tax liability, decrease in tax benefit or other<br />

adverse effect on its tax position);<br />

"Hedging Disruption" means that the Issuer is unable, after using commercially reasonable<br />

efforts, to (A) acquire, establish, re-establish, substitute, maintain, unwind or dispose of any<br />

transaction(s) or asset(s) it deems necessary to hedge price risks of issuing and performing its<br />

obligations with respect to the [Notes] [Certificates], or (B) realise, recover or remit the<br />

proceeds of any such transaction(s) or asset(s); and<br />

"Increased Cost of Hedging" means that the Issuer would incur a materially increased (as<br />

compared with circumstances existing on the Issue Date) amount of tax, duty, expense or fee<br />

(other than brokerage commissions) to (A) acquire, establish, re-establish, substitute, maintain,<br />

unwind or dispose of any transaction(s) or asset(s) it deems necessary to hedge the equity price<br />

risk of issuing and performing its obligations with respect to the [Notes] [Certificates], or (B)<br />

realise, recover or remit the proceeds of any such transaction(s) or asset(s), provided that any<br />

such materially increased amount that is incurred solely due to the deterioration of the<br />

creditworthiness of the Issuer shall not be deemed an Increased Cost of Hedging.<br />

[(3)]/[(4)]/[(5)]/[(6)] Redemption Amounts. For the purposes of this §4 and §8 (Events of Default) the<br />

following applies:<br />

The "Final Redemption Amount" in respect of each [Note] [Certificate] shall be [its [principal<br />

amount] [par value]] [otherwise insert final redemption amount per] denomination] [par<br />

value]].<br />

The "Early Redemption Amount" [[in case of interest bearing [notes] [certificates]:] in respect<br />

of each [Note] [Certificate] shall be [its [principal amount] [par value]] [otherwise insert early<br />

redemption amount per [denomination] [par value]]] [[in case of Zero Coupon [Notes]<br />

[Certificates]: ] in respect of each [Note] [Certificate] shall be calculated as follows:<br />

(a) [insert Reference Price] (the "Reference Price"), and<br />

(b) the product of [insert Amortisation Yield in per cent.] (the "Amortisation Yield") and<br />

the Reference Price from and including the Issue Date to but excluding the date fixed for<br />

redemption or (as the case may be) the date upon which the [Notes] [Certificates]<br />

become due and payable, whereby the Amortisation Yield shall be compounded<br />

annually.]<br />

[The "Optional Redemption Amount" in respect of each [Note] [Certificate] shall be [its<br />

[principal amount] [par value]] [otherwise insert optional redemption amount per<br />

[denomination] [par value]].]<br />

[The "Minimum Redemption Amount" in respect of each [Note] [Certificate] shall be [insert<br />

amount] and "Higher Redemption Amount" in respect of each [Note] [Certificate] shall be<br />

[insert amount].]<br />

[In case of Index Linked, Currency Linked, Equity Linked, Commodity Linked, Credit Linked<br />

and Exchangeable [Notes] [Certificates] supplement the relevant Supplemental Terms and<br />

Conditions and specify any applicable Protection Amount as specified in the Final Terms;<br />

insert relevant provisions for Dual Currency [Notes] [Certificates].]<br />

§5<br />

(Payments)<br />

(1) [(a)] Payment of Principal. Payment of principal in respect of [Notes] [Certificates] shall be<br />

made, subject to applicable fiscal and other laws and regulations, in the Currency and to<br />

the Clearing System or to its order for credit to the accounts of the relevant account<br />

holders of the Clearing System upon presentation and surrender of the Global [Note]<br />

[Certificate] at the specified office of any Paying Agent outside the United States.

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