Non-Cumulative Undated Step-Up Capital NotesNote Purchase Agreement • December 9th, 2009 • New York
Contract Type FiledDecember 9th, 2009 JurisdictionKaupthing Bank hf., a public limited company incorporated in Iceland (the “Company”), agrees with each of the purchasers whose names appear at the end hereof (each a “Purchaser” and collectively the “Purchasers”) as follows: