Common use of Issue and Subscription Clause in Contracts

Issue and Subscription. Subject to the Terms and Conditions and effective as of April 7, 2003 (the "Effective Date"), the Company hereby issues and the Subscriber hereby subscribes to a first tranch of the Series A Preference Shares, being 4,800,000 (four million eight hundred thousand) of the Company's Series A preference shares of a par value of Euro 2.25 per share at the issue price and with a liquidation preference per share of U.S. $ 250.00, allocated to and subscribed to by each such Subscriber in the manner set forth in Annex B hereto.

Issue and Subscription. Subject to the Terms and Conditions and effective as of April 78, 2003 (the "Effective Date"), the Company hereby issues and the Subscriber hereby subscribes to a first second tranch of the Series A Preference Shares, being 4,800,000 3,200,000 (four three million eight two hundred thousand) of the Company's Series A preference shares of a par value of Euro 2.25 per share at the issue price and with a liquidation preference per share of U.S. $ 250.00, allocated to and subscribed to by each such Subscriber in the manner set forth in Annex B hereto.