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s~:' C~E:S+EE. 7;5li:~~' ry/ E. 3.:991 10 13 <br />P. <br />g l;ubetttytlOn ~ <br />(el $e~fer may, aubpa t0 agreemant wdh and eCGDtanoe Dq Buyar. WDahtul0 Other SeNrq,e! T0+ arty <br />Pyrehaled Setuntlas Sucn aubetnu40n matt De matl• Dy trenatp to Buyer 01 such pMer Set:vrxlq and <br />IrarYler to Ssner of such purchaHO Secunhes Ater subatltutlon, tM subsututad Sewritiea shall be deemed <br />to be Purchaaatl Secunnes. <br />(b) In Tansacoorte m which the $ener reatne euattytly of PurthaNd Securities. tM Dania •aDre~ssty <br />agree mat Buyer snail ba dMmed. rOr pur9oass or subDarapraph ta) of tMS Pvaprapn, to nave aprsw to and <br />~l~'~ aaapted .n tme ,r,preement wbsmuuon by Seu•r of orne• Seeuriws for PueenaseC Secunnes. provrded. <br />howaver.:tat such otter ~ecrn::as ;na': nave a Msrka; Value at face.; equal t0 the Market Value of ttia <br />f UrCnesed $eturitles IOr which they are eubltitUtetl <br />10. MpnNntatlOne <br />Eaen o} Buyor and $eliol reprssenU and warrants to tM OtHer that (i) it ia.duly authorised 10 execute and <br />Qeliver thu Apra,ment. ro enter mto tt>. Tranua,ons oontentplatetl Mrsunder and to pertotm tb obt+parona <br />Mrauntlar and Hue taken all necessary acDOn to eutnorite eucn axecutlort, delivery and pertormltnee. (ii) tt <br />will angapa m sut:h 7yaneacti0na as DHnGpat (Or, if agreed m writing ,n advance Ot any'1lanaaetltNl b]r the Omer <br />Party tletet0. u l+gent IOr a diaGOaed prlndpal). (ill) tM person argning tlMa Agreement On its Dattall y duly <br />audart:etl to tlo sb pn b Henan is on benan pf any wM tlreebaed pnrtttipaq, (iv) tl nu tpDtalr+ad N wtnontaons <br />Ot any gOVernmintat bOCy required in pOnneehOn w,th tn,e Apreamenl and tM 7tanaaenpna hereunder lad <br />such aun,ontason.s are in lVlt torn. and Brett and (v) Ina axeMion, dalnery and perromtana a tlxa AprNnrsrn <br />and the Tanaat:ttOni hereunder will riot vfOlate any law, Ordinance, CHarter, byelaw or ryle appGrable t0 It or <br />any agreement by which rl ra bound or by wNCn any fl1 Re assets ara a»ected. On 71e PurtxtaN DUte for any <br />1Fanasdlon Buysr antl Ss~4r •nau eaen be tleerneo to repeat atl the lorapanp reprsssrttationt made by tt. <br />t t. lvente of petault <br />M the event that (i) Setter Taus to npurehase or Buya taiU to tranarer PurMesed Secumias upon the <br />apptieabla RsDurenase Oate.1++1 Seue+ or Buyer 1a~la. aher ohs business day s nonce, t0 comply with r+arapr~~pn <br />a hereof, (ii,) 9uyar toile to pompiy wltn Paragraph 5 Hereof, (n) an Act Or Inaotveney ooeuro wrth respect to <br />;letter Or Buyer. (v) any rapraNnution made by Seller or Buyer shall nave tysen woorrea or Untrue in any <br />matenat raapect when matle or repeated or deemed to nave oven made or repeated. Or (N) Serer a Buyer <br />shall admit to the other tta mabluty lo. or Its tnUnhon not to, penom+ any of Rs oDipadons Hereunder (Non an <br />"Event of Default"1' <br />(al AI the OpuOn Ot the nOndefwtting pony. •RerCltletl by written nonce t0 the Oefauhinp party (which opt,on <br />shall be deemed to have t»an •aerclaetl. even d no notice is given, immetl+ately upon the oocunenoe of an <br />Ace of Insolvency). the Rspureneas Date for each Tranaaet~on Hereunder anau oe deemed tmtnetliatsiy to <br />occur. <br />(b) In all Trense:tione in wn,M the tlefeultinp perry ,s ceding •s SNIar. N the npndelautttnp party ax•rcisac <br />or is Deemed to have sr<srclsed fie oouon rsferrec to rn subperapreph (a) tN tnia Paragraph, (I) tna detwmnp <br />partya pbrgatlona nereunper to repurchase au Purehasetl Seeuntla m such 7tansaettona shell tMreuptx+ <br />He00me immetlistery dw and payable, (d) t0 1M extent permtnatl by applKable law, e+a Repurenass Pnee <br />wltn reaped to each wen ltaneaction stun De meraaaetl by the apgrepate amount obtained by dairy eppuuuon <br />p} (:) fM greeter of the Pndrp Rate for such ltensadbn or the Prime Rate ip (y) the Aapurd+ue Pap Ipr <br />wen Tansadion as of the FtepurehaN Date a determmetl pursuant to subparagraph (a) of mice Paragraph <br />(deeraaeetl a of any Day by U) say amouma awned by Cte rantletwlnng party wtlh reaped t+o wen <br />RepuchaN Pr1a pursuant to dauN (111) Or mis wHparaprapt+, (BI any pttxeeds from the Pals of PtntY+aeso <br />8earn4s purewnt a wbparapraph (d)(i) of m+a Paragraph, ara (Cl any amounts endued tp tM account tN <br />ma dafauMinp party pursuant to wbparapnot+ (e) of thle Parapraptt) on a 9C0 day Per year bWa tot tM saucer <br />number pt days dunrtp ttte period from and including the date of the Event of Dafauk ptvlrtp t1M to wlxt eptllxt <br />b Hut axcludlnp the data d payment of n+e Repurchase Pnoe a ep inaeaaad, (ipl all Irtconte paitl attar wd+ <br />exarciN Or deatt'letl exnciaa strait be retained by the nondetwlnng party and spoiled a dw appragata unpWd <br />Repurctteaa Prices owed by the detaultinp ptrty. ara (ivy ma ONaulnnp party shall tmmedlately deWx b the <br />npraetaultirq DartY any Rrrettasrtl Seaxltlee subjea tD sud+1-ansactbn ttwt M ttr dataultlrtg party) P'• <br />(el In all Ttanuillorta In •rttlch ttta defauMnp party la acDnp Y Buyec upon tandar by the rarddaulonp <br />party of payment of e+e apgr•pau RapurrlteN Pnoes for all at,a+ lfaneacnOnt, me datwttlnp partya rlpltt, <br />tltle and Infartsst m all Purttltaaad s.curtnas wbJad to aut:H 1tNt1aC110ni analt be t7aamed trandett'ad a Hw <br />t10r1tllfauttlnQ pally, and tM Oataumnp Pally strait dNtver all suUt PtleOhaMd Saeurnlea t0 tr+e nondotaulbrtp <br />Ply <br />(d) ARer one business day's notice a tt+a dafwtnnp party (which notice rued not ba given 11 an Act of <br />lttaolvanc~ anau nave ooa+ned. and rwHtsn may De rte nonce pivan under weparaprapn (a1 of true Pvagrtali,n <br />pr the notlos nterrett to in elauw pq of d+a first sentence of rhy Panpraph), the nondefaulnnp party may: <br />li) as to 1lansaentxu in wn+cn tna dahuntnp party n aebnp u Sa(Nt (A- rnme0,ataly uu, to a <br />ra00gni=e0 market at wcn pries or pans as me nondNwittnp parry may reaeonabiy tlNm aanefaaay, <br />any or ttdl Purchased SecurhlN abjacl tp weh 1lansadions end appy tM proceeds )hereof tD tna <br />agprepsN unpa,d RepurettaN Prigs end any pthar amounts owlrtp by the atauttlnp party nanundor <br />.~ ~ ,'~ <br />LI^' J~ <br />$` <br />