Template:2002 ISDA Equity Derivatives Definitions 12.9(a)(x)

12.9(a)(x) “Hedging Shares” means the number of Shares that the Hedging Party deems
necessary to hedge the equity price risk of entering into and performing its obligations with
respect to a Transaction to which “Loss of Stock Borrow” or “Increased Cost of Stock Borrow” is
applicable;