Lehman Brothers Financial SA (LEHNQ)

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🐊💰🦍

Further assurance /
undertakings
Successors: The Framework Agreement shall provide that:
i. GP1 shall not assign, transfer or dispose of its interest in
the PLC Sub-Notes;
ii. LBHI shall not assign, transfer or dispose of the PLC Sub-
Debt:
o until 15 December 2024, in any circumstances;
and
o after 15 December 2024, unless (i) the assignee
or transferee has agreed to be bound by the
terms of the Framework Agreement; and (ii) GP1
and DB (in the case of DB if it holds 10% or more

Framework Agreement Rules for Determining Tier Y Alternative Outcome(" The first is that DB
8 is described as an informal representative of other
9 persons interested in the same way", or" you
haven’t advertised the fact of this congregation" or "Your Lordship is
18 right that DB’s position has always been not a formal 19 representative of the ECAPS holders."):

The Parties will use reasonable endeavours to agree and
incorporate into the Framework Agreement provision as to the
economic split of Tier Y and Tier Z in the event that, at the
conclusion of the current court directions application process
(including any appeals) there is neither an ECAPS Outcome nor an
LBHI Outcome to Priority Legal Issue 1. 👉️If the Parties are unable to
agree such split by the time of signing the Framework Agreement,👈️
the Framework Agreement shall include a provision requiring the
Parties in such a scenario to consult and negotiate in good faith to
reach agreement as to the distribution of Tier Y and Tier Z
consistent with the Framework Agreement and any judgment or
order which the court/appellate court may have made on Priority
Legal Issue 1.