Lehman Brothers Financial SA (LEHNQ)

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Distributions”)
The Parties will agree that the PLC Administrators will distribute
the funds of PLC available for distribution to subordinated
creditors of PLC (“Available Funds”) according to the following
scheme:
i. Tier X: (Subject to the Tier X Distribution Conditions
below) the first £187.4m of Available Funds shall be
distributed to GP1 and LBHI in the order of priority and
the proportions set out below (the “Tier X
Distributions”):
a. First, GP1 to be paid 92% (the “GP1 Tier X
Distribution”); and
b. Second, LBHI to be paid 8% (the “LBHI Tier X
Distribution”).
ii. Tier Y: (Subject to the Tier Y Distribution Conditions
below) the Parties agree that the next £225m of
Available Funds after payment of the Tier X Distributions
in full shall be distributed to GP1 and LBHI as applicable
pro rata between GP1 and LBHI as and when funds
become available for distribution by the PLC
Administrators,