ADECCO INTERNATIONAL FINANCIAL SERVICES B.V.

(k) any event occurs which under applicable laws has an analogous effect to any of the eventsreferred to in paragraphs (f) to (i) above,provided that:(i)for the purposes of paragraphs (d), (e), (g), (h), (i) and (k), where a relevant event occurs inrelation to a Subsidiary of the Guarantor, no default notice may be given unless and until suchevent either alone or when coupled with one or more other such events which have occurredin relation to one or more Subsidiaries of the Guarantor has/have occurred in relation to aSubsidiary or Subsidiaries of the Guarantor whose revenues, where applicable, in aggregate,(determined as described in (A) and, where applicable, (B) below) constitute at least 10 percent. of the Guarantor's consolidated revenues attributable to the Shareholders (determinedas described in (C) below); and(ii) in the case of any event described in (or any event which, as referred to in paragraph (k), hasan analogous effect to) paragraphs (b), (c), (d), (e) and (i), the Trustee shall have certified thatsuch event is in its opinion materially prejudicial to the interests of the Noteholders.In order to determine whether the test set out in (i) has been met:(A) on each occasion on which an event described in (or an event which, as referred to inparagraph (i), has an analogous effect to) paragraph (d), (e), (g), (h) or (i) occurs in relation toa Subsidiary of the Guarantor (each a Relevant Occasion), the revenues of the relevantSubsidiary attributable to the Guarantor (consolidated in the case of a Subsidiary which itselfhas Subsidiaries) shall be such revenues as are disclosed in the most recently publishedaudited annual accounts (consolidated or, as the case may be, unconsolidated) of therelevant Subsidiary;(B) on each Relevant Occasion (other than the first Relevant Occasion), the revenues of eachSubsidiary in respect of which a Relevant Occasion has previously occurred and the relativeevent is continuing shall be aggregated with the revenues of the relevant Subsidiarydetermined in accordance with (A) in respect of the then current Relevant Occasion;(C) on each Relevant Occasion, the Guarantor's consolidated revenues attributable to theShareholders shall be such consolidated revenues as disclosed in the most recentlypublished audited consolidated annual accounts of the Guarantor and its Subsidiaries asbeing so attributable; and(D) on each Relevant Occasion, the revenues, where applicable, in aggregate, (determined asdescribed in (A) and, where applicable, (B)) shall be divided by the consolidated revenuesdetermined as described in (C) and the result expressed as a percentage.Subject as provided in the preceding paragraph, upon any default notice being given to the Issuerand the Guarantor, the Notes will forthwith become immediately due and repayable at theirprincipal amount plus accrued interest to but excluding the date of repayment.A report by the auditors of the Guarantor that in their opinion a relevant event shall have occurredin relation to a Subsidiary of the Guarantor entitling the Trustee, subject, where applicable, tocertification as referred to in (ii), to give a default notice under this Condition may be relied upon bythe Trustee without further enquiry or evidence and, if relied upon by the Trustee, shall, in theabsence of manifest or proven error, be conclusive and binding on all parties.24