Barclays, Base Prospectus 2006

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(c) to, or to a third party on behalf of, a holder where no such withholding or deduction would have
been required to be withheld or deducted if the [Notes] [Certificates] were credited at the time of
payment to a securities deposit account with a bank outside Germany or the United Kingdom;
(d) where such withholding or deduction is imposed on a payment to an individual and is required
to be made pursuant to European Council Directive 2003/48/EC on or any other directive
implementing the conclusions of the ECOFIN Council meeting of 26th-27th November, 2000
on taxation of savings income or any law implementing or complying with, or introduced in
order to conform to such Directive.
(e) to the extent such withholding tax or deduction is payable by or on behalf of a [Noteholder]
[Certificateholder] who could lawfully avoid (but has not so avoided) such withholding or
deduction by complying or procuring that any third party complies with any statutory
requirements or by making or procuring that a third party makes a declaration of non-residence
or other similar claim for exemption to any tax authority in the place where the payment is
effected;
(f) to the extent such withholding tax or deduction is payable by or on behalf of a [Noteholder]
[Certificateholder] who would have been able to avoid such withholding or deduction by
effecting a payment via another Paying Agent in a Member State of the European Union, not
obliged to withhold or deduct tax; or
(g) to the extent such withholding tax or deduction is for payment on a date more than 30 days after
the date on which payment in respect of it first becomes due or (if any amount of the money
payable is improperly withheld or refused) the date on which payment in full of the amount
outstanding is made.
§7
(Prescription)
The presentation period provided in §801 paragraph 1, sentence 1 of the German Civil Code is reduced
to ten years for the [Notes] [Certificates].
§8
(Events of Default)
If any of the following events (each an "Event of Default") occurs, the holder of any [Note]
[Certificate] may by written notice to the Issuer at the specified office of the Fiscal Agent declare such
[Note] [Certificate] to be forthwith due and payable, whereupon the Early Redemption Amount of such
[Note] [Certificate] together with accrued interest to the date of payment shall become immediately due
and payable, unless such Event of Default shall have been remedied prior to the receipt of such notice
by the Issuer:
(a) any principal or interest on such [Notes] [Certificates] has not been paid within 14 days
following the due date for payment. The Issuer shall not, however, be in default if such sums
were not paid in order to comply with a mandatory law, regulation or order of any court of
competent jurisdiction. Where there is doubt as to the validity or applicability of any such law,
regulation or order, the Issuer will not be in default if it acts on the advice given to it during
such 14 day period by independent legal advisers; or
(b) the Issuer breaches any provision of such [Notes] [Certificates] that is materially prejudicial to
the interests of the [Noteholders] [Certificateholders] and that breach has not been remedied
within 21 days after the Issuer has received notice demanding redemption; or
(c) the Issuer becomes bankrupt, or an order is made or an effective resolution is passed for the
winding up or liquidation of the Issuer (otherwise than in connection with a scheme of
reconstruction, merger or amalgamation the terms of which have previously been approved by
the [Noteholders] [Certificateholders] ); or