JPMorgan - KASE

issue date of the Notes within the United States or to or for the account or benefit of U.S.
persons (such 40-day period being called the “Distribution Compliance Period”). Until the
expiration of the Distribution Compliance Period, beneficial interests in the Regulation S Global
Note may be transferred to a person who wishes to take delivery of such beneficial interests
through the Rule 144A Global Note only in accordance with the certification requirements
described below. Beneficial interests in the Rule 144A Global Note may only be exchanged for
beneficial interests in the Regulation S Global Note in the limited circumstances described below.
See “— Depositary Procedures — Exchanges Between the Global Notes”. In addition, transfers of
beneficial interests between the Global Notes will be subject to the applicable rules and
procedures of DTC and its Participants and Indirect Participants and those of Euroclear and
Clearstream, Luxembourg, which may change from time to time.
So long as DTC or its nominee or Euroclear, Clearstream, Luxembourg or the nominee of their
common depositary is the registered holder of a Global Note, DTC, Euroclear, Clearstream,
Luxembourg or such nominee, as the case may be, will be considered the sole owner or holder of
the Notes represented by such Global Note. Owners of beneficial interests in a Global Note will
be entitled to have certificates registered in their names and to receive physical delivery of Notes
only in the limited circumstances described below under “— Depositary Procedures — Exchange
of Global Notes for definitive Notes”.
The Notes will be subject to certain transfer restrictions and restrictive legends as described under
“Transfer Restrictions”.
Depositary Procedures
The following description of the operations and procedures of DTC, Euroclear and Clearstream,
Luxembourg is provided solely as a matter of convenience. These operations and procedures are
solely within the control of the respective settlement systems and are subject to changes by them
from time to time. The Issuer takes no responsibility for these operations and procedures and
urges investors to contact the systems or their participants directly to discuss these matters.
The holdings of book-entry interests in the Notes through DTC, Euroclear and Clearstream,
Luxembourg will be reflected in the book-entry accounts of each such institution.
Payment of principal of, interest on, and premium, if any, on a Global Note will be made to DTC,
Euroclear, Clearstream, Luxembourg or such nominee, as the case may be, as registered owner of
the Global Note, by wire transfer of immediately available funds on the applicable payment date.
Neither the Issuer nor the Trustee, nor any agent of either of them, will have any responsibility or
liability for any aspect of the records relating to or payments made on account of beneficial
ownership interests in a Global Note or for maintaining, supervising or reviewing any records
relating to such beneficial ownership interest.
Distributions of interest, principal and premium (if any) with respect to book-entry interests in
the Regulation S Note held through Euroclear or Clearstream, Luxembourg will be credited, to
the extent received by Euroclear or Clearstream, Luxembourg from the Paying Agent, to the cash
accounts of Euroclear or Clearstream, Luxembourg customers in accordance with the relevant
system’s rules and procedures.
The Issuer has been informed by DTC that, with respect to any payment of principal of, or
premium or interest, if any, on, the Rule 144A Global Note, DTC’s practice is to credit Participants’
accounts on the applicable payment date, with payments in amounts proportionate to their
respective beneficial interests in the Rule 144A Global Note as shown on the records of DTC,
unless DTC has reason to believe that it will not receive payment on such payment date.
Payments by Participants to owners of beneficial interests in the Notes represented by the Global
Note held through such Participants will be the responsibility of such Participants, as is now the
case with securities held for the accounts of customers registered in “street name”.
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