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(vii)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.(viii) 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.(ix)(x)(xi)The <strong>de</strong>finition of any Ad<strong>dit</strong>ional D<strong>is</strong>ruption Ev<strong>en</strong>t specified as applicable in the rele<strong>van</strong>t FinalTerms shall be am<strong>en</strong><strong>de</strong>d in accordance with the DR Am<strong>en</strong>dm<strong>en</strong>t.The <strong>de</strong>finitions of “Exchange Business Day”, “Scheduled Closing Time”, “Scheduled TradingDay”, “Trading D<strong>is</strong>ruption”, “Exchange D<strong>is</strong>ruption”, “Early Closure” and “D<strong>is</strong>rupted Day”which relate to the Exchange shall be <strong>de</strong>emed to inclu<strong>de</strong> a refer<strong>en</strong>ce to the primary exchangeon which the Un<strong>de</strong>rlying Equities are tra<strong>de</strong>d, as <strong>de</strong>termined by the Calculation Ag<strong>en</strong>t.The <strong>de</strong>finitions of “Exchange D<strong>is</strong>ruption”, “Market D<strong>is</strong>ruption Ev<strong>en</strong>t” and “TradingD<strong>is</strong>ruption” shall be am<strong>en</strong><strong>de</strong>d in accordance with the DR Am<strong>en</strong>dm<strong>en</strong>t.For the avoidance of doubt, where a prov<strong>is</strong>ion <strong>is</strong> am<strong>en</strong><strong>de</strong>d pursuant to th<strong>is</strong> Con<strong>dit</strong>ion 8(e) inaccordance with the DR Am<strong>en</strong>dm<strong>en</strong>t, if the ev<strong>en</strong>t <strong>de</strong>scribed in such prov<strong>is</strong>ion occurs inrespect of the Un<strong>de</strong>rlying Equities or the Un<strong>de</strong>rlying Equity Issuer, th<strong>en</strong> the consequ<strong>en</strong>ce ofsuch ev<strong>en</strong>t shall be interpreted cons<strong>is</strong>t<strong>en</strong>tly with the DR Am<strong>en</strong>dm<strong>en</strong>t and such ev<strong>en</strong>t.(f)Definitions applicable to Equity Linked Notes“Ad<strong>dit</strong>ionalD<strong>is</strong>ruption Ev<strong>en</strong>t”“Asset TransferNotice”“Asset Amount”“Averaging Date”means Change in Law, Hedging D<strong>is</strong>ruption, Increased Cost of Hedging, Insolv<strong>en</strong>cyFiling or any other Ad<strong>dit</strong>ional D<strong>is</strong>ruption Ev<strong>en</strong>t, in each case if specified asapplicable in the rele<strong>van</strong>t Final Terms.means a duly completed asset transfer notice substantially in the form set out in theAg<strong>en</strong>cy Agreem<strong>en</strong>t.has the meaning giv<strong>en</strong> in the rele<strong>van</strong>t Final Terms.means, in respect of each Valuation Date, each date specified or otherw<strong>is</strong>e<strong>de</strong>termined as provi<strong>de</strong>d in the rele<strong>van</strong>t Final Terms provi<strong>de</strong>d that, if the CalculationAg<strong>en</strong>t <strong>de</strong>termines that any Averaging Date <strong>is</strong> a D<strong>is</strong>rupted Day, and if:153

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