<?xml version="1.0" encoding="UTF-8"?><!--
  == Copyright (c) 2002-2010. All rights reserved.
  == Financial Products Markup Language is subject to the FpML public license.
  == A copy of this license is available at http://www.fpml.org/documents/license
  -->
<FpML xmlns="http://www.fpml.org/2010/FpML-4-9" xmlns:fpml="http://www.fpml.org/2010/FpML-4-9" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" version="4-9" xsi:type="ContractNovated" xsi:schemaLocation="http://www.fpml.org/2010/FpML-4-9 ../../fpml-main-4-9.xsd http://www.w3.org/2000/09/xmldsig# ../../xmldsig-core-schema.xsd">
   <header>
      <conversationId conversationIdScheme="http://www.swift.com/coding-scheme/conversation-id">CONV009</conversationId>
      <messageId messageIdScheme="http://www.amag.com/coding-scheme/message-id">0485371</messageId>
      <sentBy>AMAGGB22XXX</sentBy>
      <sendTo>CCSTUS6S</sendTo>
      <creationTimestamp>2008-02-03T08:37:00-00:00</creationTimestamp>
   </header>
   <novation>
      <oldContract>
         <header>
            <identifier>
               <partyReference href="AMAG"/>
               <versionedContractId>
                  <contractId contractIdScheme="http://www.swift.com/coding-scheme/contract-id">CDS5</contractId>
                  <version>17</version>
                  <effectiveDate>2008-02-03</effectiveDate>
               </versionedContractId>
            </identifier>
            <contractDate>2007-07-30</contractDate>
         </header>
         <creditDefaultSwap>
            <generalTerms>
               <effectiveDate>
                  <unadjustedDate>2007-08-03</unadjustedDate>
                  <dateAdjustments>
                     <businessDayConvention>MODPRECEDING</businessDayConvention>
                     <businessCenters>
                        <businessCenter>GBLO</businessCenter>
                        <businessCenter>USNY</businessCenter>
                     </businessCenters>
                  </dateAdjustments>
               </effectiveDate>
               <scheduledTerminationDate>
                  <adjustableDate>
                     <unadjustedDate>2012-08-03</unadjustedDate>
                     <dateAdjustments>
                        <businessDayConvention>MODPRECEDING</businessDayConvention>
                        <businessCenters>
                           <businessCenter>USNY</businessCenter>
                           <businessCenter>GBLO</businessCenter>
                        </businessCenters>
                     </dateAdjustments>
                  </adjustableDate>
               </scheduledTerminationDate>
               <sellerPartyReference href="FIRST"/>
               <buyerPartyReference href="SKY"/>
               <referenceInformation>
                  <referenceEntity id="RE1">
                     <entityName>Creanov plc</entityName>
                     <entityId entityIdScheme="http://www.fpml.org/spec/2003/entity-id-RED-1-0">5H7199</entityId>
                  </referenceEntity>
                  <referenceObligation>
                     <bond>
                        <instrumentId instrumentIdScheme="http://www.fpml.org/spec/2002/instrument-id-ISIN-1-0">US123456CC96</instrumentId>
                        <couponRate>0.04375</couponRate>
                        <maturity>2012-08-03</maturity>
                     </bond>
                     <primaryObligorReference href="RE1"/>
                  </referenceObligation>
               </referenceInformation>
            </generalTerms>
            <feeLeg>
               <initialPayment>
                  <payerPartyReference href="SKY"/>
                  <receiverPartyReference href="FIRST"/>
                  <paymentAmount>
                     <currency>GBP</currency>
                     <amount>1000000</amount>
                  </paymentAmount>
               </initialPayment>
               <periodicPayment>
                  <paymentFrequency>
                     <periodMultiplier>6</periodMultiplier>
                     <period>M</period>
                  </paymentFrequency>
                  <firstPaymentDate>2008-02-03</firstPaymentDate>
                  <rollConvention>3</rollConvention>
                  <fixedAmountCalculation>
                     <fixedRate>0.01</fixedRate>
                  </fixedAmountCalculation>
               </periodicPayment>
            </feeLeg>
            <protectionTerms>
               <calculationAmount>
                  <currency>GBP</currency>
                  <amount>100000000</amount>
               </calculationAmount>
               <creditEvents>
                  <bankruptcy/>
                  <failureToPay>
                     <paymentRequirement>
                        <currency>GBP</currency>
                        <amount>5000000</amount>
                     </paymentRequirement>
                  </failureToPay>
                  <creditEventNotice>
                     <notifyingParty>
                        <buyerPartyReference href="SKY"/>
                        <sellerPartyReference href="FIRST"/>
                     </notifyingParty>
                     <businessCenter>GBLO</businessCenter>
                  </creditEventNotice>
               </creditEvents>
               <obligations>
                  <category>Payment</category>
                  <specifiedCurrency>
                     <currency>GBP</currency>
                  </specifiedCurrency>
               </obligations>
            </protectionTerms>
            <cashSettlementTerms>
               <settlementCurrency>GBP</settlementCurrency>
               <cashSettlementBusinessDays>0</cashSettlementBusinessDays>
            </cashSettlementTerms>
         </creditDefaultSwap>
      </oldContract>
      <transferor href="SKY"/>
      <transferee href="EARTH"/>
      <remainingParty href="FIRST"/>
      <novationDate>2008-02-03</novationDate>
      <novatedAmount>
         <currency>GBP</currency>
         <amount>30000000</amount>
      </novatedAmount>
   </novation>
   <party id="AMAG">
      <partyId>AMAGGB22</partyId>
      <partyName>International Bank Asset Management</partyName>
      <account id="INTAC1">
         <accountId>1234</accountId>
         <accountName>SkyAccount</accountName>
         <accountBeneficiary href="SKY"/>
      </account>
   </party>
   <party id="SKY">
      <partyId partyIdScheme="http://www.sky.org/coding-schem/code-id">SkyLTD</partyId>
      <partyName>Sky Limited</partyName>
   </party>
   <party id="CST">
      <partyId>CCSTUS6S</partyId>
      <partyName>Standards Slav. Int'l</partyName>
      <account id="GEN478">
         <accountId>47896325</accountId>
         <accountName>Sky General Account</accountName>
      </account>
   </party>
   <party id="FIRST">
      <partyId>FIBADEFF</partyId>
      <partyName>First International Bank, MozartStrasse, Frankfurt</partyName>
   </party>
   <party id="EARTH">
      <partyId>EARTAU3M</partyId>
      <partyName>Earth IF, Melbourne, Australia</partyName>
   </party>
</FpML>