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London Branch) as trustee, The Bank of New York as auction agent and The Bank of Ncw York as securities intermediary. 2.37 -Initial Member" means WNL Limited. 2.38 "Interest" means an interest in the Fund entitling a Member to a share of the profits, losses, distributions, capital and assets of Fund as
. Interests need not be evidenced by certificates. There are no voting rights associated with any Interests issued by the Fund. 239 -Issuer- means Ballantyne Re, plc, a public limited company incorporated under the laws of Ireland. 2.40 "IRS" means the U.S. Internal Revenue Service. 2.41 "Key Person Event" me
London Branch) as trustee, The Bank of New York as auction agent and The Bank of New York as securities intermediary. 2.37 "Initial Member" means WNL Limited. 2.38 "Interest" means an interest in the Fund entitling a Member to a share of the profits, losses, distributions, capital and assets of Fund as
Interests need not be evidenced by certificates. There are no voting rights associated with any Interests issued by the Fund. 2.39 "Issuer" means Ballantyne Re, plc, a public limited company incorporated under the laws of Ireland. 2.40 "IRS" means the U.S. Internal Revenue Service. 2.41 "Key Person Event" me
York as auction agent and The Bank of New York as securities intermediary. 2.37 2.38 2.39 laws of Ireland. 2.40 2.41 "Initial Member" means WNL Limited. "Interest" means an interest in the Fund entitling a Member to a share of the profits, losses, distributions, capital and assets of Fund as provi
ein. Interests need not be evidenced by certificates. There are no voting rights associated with any Interests issued by the Fund. "Issuer" means Ballantyne Re, plc, a public limited company incorporated under the "IRS" means the U.S. Internal Revenue Service. "Key Person Event" means, with respect to Eric Mey
Entities connected to both WNL Limited and Ballantyne Re, plc

Eric Trump
PERSONLondon Branch
ORGANIZATIONAmbac Assurance UK Limited
ORGANIZATIONWilliam Van de Water
PERSONUK) Ltd.
ORGANIZATIONEric Meyer
PERSONLiquidator
ORGANIZATIONthe U.S. Bank Holding Company Act
ORGANIZATIONRegistrar
ORGANIZATIONTreasury Regulations
ORGANIZATIONRestated Limited Liability Company Agreement
ORGANIZATIONRepresentatives
ORGANIZATIONGeorge Town
PERSONAdjusted Capital
ORGANIZATIONthe Tender Offer
ORGANIZATIONArticles IV
ORGANIZATIONBHC Act
ORGANIZATIONthe Confidential Offering Memorandum
ORGANIZATIONSections of this Agreement
ORGANIZATIONthe Limited Liability Companies Law
ORGANIZATION