Lehman Brothers Financial SA (LEHNQ)

[cottonisking]

Hmmm! I wonder why it did not mention bankruptcy or insolvency? I have read this text in another prospectus. I think the text is still valid, however, the text may not apply because LBHI is in bankruptcy and insolvent.

For the purposes hereof, neither a consolidation nor a merger of the Company with one or more
other corporations, nor a sale, lease, exchange or transfer of all or
substantially all of the assets of the Company, shall be deemed to be a liquidation, dissolution or winding up of the Company.