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ISDAhaspreparedthisexplanatorymemorandumtoassistinyourconsiderationoftheformof
amendmentagreementtotheISDAMasterAgreementrelatingtocertaintimelyconfirmationissues
(theAmendmentAgreement).
THISMEMORANDUMDOESNOTPURPORTTOBEANDSHOULDNOTBECONSIDEREDAGUIDETOOR
ANEXPLANATIONOFALLRELEVANTISSUESORCONSIDERATIONSINCONNECTIONWITHTHE
AMENDMENTAGREEMENT.PARTIESSHOULDCONSULTWITHTHEIRLEGALADVISERSANDANY
OTHER.
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