Bankruptcy Events:

1. the Reference Entity is adjudicated or found to be insolvent or unable to pay its debts by any court of competent jurisdiction;
2. a resolution is passed to approve a creditor’s voluntary arrangement in respect of the Reference Entity under Part 1 Insolvency Act 1986;
3. a resolution is passed or an order is made to approve a composition or similar arrangement with creditors of the Reference Entity under Section 425 Companies Act 1985;
4. a petition for an administration order in respect of the Reference Entity is presented by the Reference Entity or its directors or any other person and, in the case of a petition presented by any other person, such petition is not withdrawn, dismissed or stayed within 30 days of its presentation;
5. an administration order is made in respect of the Reference Entity;
6. a petition for the winding up of the Reference Entity is presented by the Reference Entity or its directors or any other person and, in the case of a petition presented by any other person, such petition is not withdrawn, dismissed or stayed within 30 days of its presentation;