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Barclays, Base Prospectus 2006

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- 69 -<br />

(a) that fifth Exchange Business Day shall be deemed to be the Equity Valuation Date,<br />

notwithstanding the fact that such day is a Disrupted Day; and<br />

(b) the Determination Agent shall determine its good faith estimate of the value of the Shares<br />

as of the Equity Valuation Time on that fifth Exchange Business Day.<br />

[[If "Determination Agent Adjustment" is specified in the Final Terms]<br />

(4) Extraordinary Event. In the event of an Extraordinary Event the Determination Agent shall<br />

make such adjustments to the redemption, settlement, payment or any other terms of the [Notes]<br />

[Certificates] as the Determination Agent determines appropriate to account for the economic<br />

effect on the [Notes] [Certificates] of such Extraordinary Event upon the Determination Agent<br />

having given not less than [5] [specify] Business Days' notice to the [Noteholders]<br />

[Certificateholders] in accordance with §12; and not less than 7 Business Days before the giving<br />

of such notice, notice to the Fiscal Agent [(unless the Fiscal Agents acts as Determination<br />

Agent)]].<br />

[In case of Commodity Linked [Notes] [Certificates] insert the following provisions:]<br />

§4b<br />

(Specific Definitions)<br />

"Commodity Business Day" means (a) in respect of any [Note] [Certificate] for which the Commodity<br />

Reference Price is a price announced or published by an Exchange, a day that is (or, but for the<br />

occurrence of a Commodity Market Disruption Event, would have been) a day on which that Exchange<br />

is open for trading during its regular trading session, notwithstanding any such Exchange closing prior<br />

to its schedules closing time; and (b) in respect of any [Note] [Certificate] for which the Commodity<br />

Reference Price is not announced or published by an Exchange, a day in respect of which the relevant<br />

Price Source published (or, but for the occurrence of a Commodity Market Disruption Event, would<br />

have published) a price.<br />

"Commodity Linked [Note] [Certificate]" means a [Note] [Certificate], payments in respect of which<br />

will be calculated by reference to the price of a Notional Quantity of the Relevant Commodity for<br />

delivery on the Delivery Date, each as specified in the applicable Final Terms.<br />

"Commodity Linked Redemption Amount" means an amount calculated by the Determination Agent<br />

on the Commodity Valuation Date at the Commodity Valuation Time in accordance with the following<br />

formula: [insert relevant formula] and which shall always be equal to or greater than zero and, in the<br />

event that such amount will be less than zero, shall be deemed to be zero [if so specified in the Final<br />

Terms].<br />

"Commodity Reference Asset Amount" means and amount calculated by the Determination Agent on<br />

the Commodity Valuation Date at the Commodity Valuation Time in accordance with the following<br />

formula: [insert relevant formula].<br />

"Commodity Reference Price" means [specify] [in relation to a Commdity Linked [Note]<br />

[Certificate], the commodity reference price specified in the applicable Final Terms].<br />

"Commodity Valuation Date" means [insert date].<br />

"Commodity Valuation Time" means [insert time and Financial Center] on the Commodity<br />

Valuation Date.<br />

"Delivery Date" means [specify whether the Commodity Reference Price will be based on a certain<br />

delivery date or month (e.g. the spot market, the First Nearby Month, the Second Nearby Month etc. or<br />

some other methodology)].<br />

"Disappearance of Commodity Reference Price" means (i) the permanent discontinuation of trading<br />

in the relevant Futures Contract on the relevant Exchange; (ii) the disappearance of, or of trading in, the<br />

Relevant Commodity; or (iii) the disappearance or permanent discontinuance or unavailability of a

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