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(provi<strong>de</strong>d that no adjustm<strong>en</strong>ts will be ma<strong>de</strong> to account solely for changes in volatility,expected divi<strong>de</strong>nds, stock loan rate or liqui<strong>dit</strong>y relative to the rele<strong>van</strong>t Equity), following thePot<strong>en</strong>tial Adjustm<strong>en</strong>t Ev<strong>en</strong>t. The Calculation Ag<strong>en</strong>t may (among other factors) have refer<strong>en</strong>ceto any adjustm<strong>en</strong>t ma<strong>de</strong> by the Depository un<strong>de</strong>r the Deposit Agreem<strong>en</strong>t.If the Calculation Ag<strong>en</strong>t <strong>de</strong>termines that no adjustm<strong>en</strong>t that it could make will produce acommercially reasonable result, it shall notify the Issuer and the Notehol<strong>de</strong>rs that the rele<strong>van</strong>tconsequ<strong>en</strong>ce shall be the early re<strong>de</strong>mption of the Notes, in which case, on such date asselected by the Calculation Ag<strong>en</strong>t in its sole and absolute d<strong>is</strong>cretion, the Issuer shall re<strong>de</strong>emthe Notes upon prior notice ma<strong>de</strong> to the Notehol<strong>de</strong>rs, and the Issuer will cause to be paid toeach Notehol<strong>de</strong>r in respect of each Note held by it an amount equal to the Early Re<strong>de</strong>mptionAmount of such Notes.(iv)(v)(vi)(vii)(viii)(ix)(x)(xi)The <strong>de</strong>finitions of “Merger Ev<strong>en</strong>t” and “T<strong>en</strong><strong>de</strong>r Offer” shall be am<strong>en</strong><strong>de</strong>d in accordance withthe DR Am<strong>en</strong>dm<strong>en</strong>t.If the Calculation Ag<strong>en</strong>t <strong>de</strong>termines that a Merger Ev<strong>en</strong>t or T<strong>en</strong><strong>de</strong>r Offer has occurred inrespect of any Un<strong>de</strong>rlying Equity, th<strong>en</strong>, where the Calculation Ag<strong>en</strong>t makes an adjustm<strong>en</strong>t tothese Terms and Con<strong>dit</strong>ions and/or the rele<strong>van</strong>t Final Terms in connection with a MergerEv<strong>en</strong>t or T<strong>en</strong><strong>de</strong>r Offer, the Calculation Ag<strong>en</strong>t may (among other factors) have refer<strong>en</strong>ce toany adjustm<strong>en</strong>t ma<strong>de</strong> by the Depository un<strong>de</strong>r the Deposit Agreem<strong>en</strong>t.The <strong>de</strong>finitions of “National<strong>is</strong>ation”, “Insolv<strong>en</strong>cy” and “Del<strong>is</strong>ting” shall be am<strong>en</strong><strong>de</strong>d inaccordance with the DR Am<strong>en</strong>dm<strong>en</strong>t.Notwithstanding anything to the contrary in the <strong>de</strong>finition of “Del<strong>is</strong>ting”, a Del<strong>is</strong>ting shall notoccur in respect of any Un<strong>de</strong>rlying Equity if such Un<strong>de</strong>rlying Equities are immediately rel<strong>is</strong>ted,re-tra<strong>de</strong>d or re-quoted on an exchange or quotation system regardless of the location ofsuch exchange or quotation system.If the Calculation Ag<strong>en</strong>t <strong>de</strong>termines that a National<strong>is</strong>ation or Insolv<strong>en</strong>cy has occurred inrespect of an Equity or the Depository, th<strong>en</strong>, notwithstanding anything to the contrary herein,the Calculation Ag<strong>en</strong>t may <strong>de</strong>termine that the affected Equity be substituted withReplacem<strong>en</strong>t DRs and may make any appropriate adjustm<strong>en</strong>ts to the terms of these Terms andCon<strong>dit</strong>ions and/or the rele<strong>van</strong>t Final Terms. In such case, the Issuer shall not re<strong>de</strong>em theNotes early and, following such replacem<strong>en</strong>t, refer<strong>en</strong>ces to Equities herein shall be replacedby refer<strong>en</strong>ces to such Replacem<strong>en</strong>t DRs, and the Calculation Ag<strong>en</strong>t will <strong>de</strong>termine theeffective date of any adjustm<strong>en</strong>ts.If the Calculation Ag<strong>en</strong>t <strong>de</strong>termines that a Del<strong>is</strong>ting of Equities has occurred or if theDepository announces that the Deposit Agreem<strong>en</strong>t <strong>is</strong> (or will be terminated), th<strong>en</strong>,notwithstanding anything to the contrary herein, the Calculation Ag<strong>en</strong>t may <strong>de</strong>termine that theaffected Equity be substituted with Replacem<strong>en</strong>t DRs or the Un<strong>de</strong>rlying Equities and maymake any appropriate adjustm<strong>en</strong>ts to the terms of these Terms and Con<strong>dit</strong>ions and/or therele<strong>van</strong>t Final Terms. In such case, the Issuer shall not re<strong>de</strong>em the Notes early and, followingsuch replacem<strong>en</strong>t, refer<strong>en</strong>ces to Equities herein shall be replaced by refer<strong>en</strong>ces to suchReplacem<strong>en</strong>t DRs or the Un<strong>de</strong>rlying Equities, as applicable, and the Calculation Ag<strong>en</strong>t will<strong>de</strong>termine the effective date of any adjustm<strong>en</strong>ts.The <strong>de</strong>finition of “Insolv<strong>en</strong>cy Filing” shall be am<strong>en</strong><strong>de</strong>d in accordance with the DRAm<strong>en</strong>dm<strong>en</strong>t.The <strong>de</strong>finition of “Change in Law” shall be am<strong>en</strong><strong>de</strong>d in accordance with the DR Am<strong>en</strong>dm<strong>en</strong>t.150

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