SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549

                                   ----------

                                 SCHEDULE 13G/A

                    UNDER THE SECURITIES EXCHANGE ACT OF 1934
                                (Amendment No. 2)


                                 PartnerRe Ltd.
                      -------------------------------------
                                (Name of Issuer)

                     COMMON STOCK, par value $1.00 per share
                    -----------------------------------------
                         (Title of Class of Securities)

                                    G6852T105
                                 --------------
                                 (CUSIP Number)

                                December 31, 2008
                      ------------------------------------
                      (Date of Event Which Requires Filing
                               of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule
is filed:

      |_|   Rule 13d-1(b)

      |X|   Rule 13d-1(c)

      |_|   Rule 13d-1(d)

The information required on the remainder of this cover page shall not be deemed
to be "filed" for the purpose of Section 18 of the Securities Exchange Act of
1934 ("Act") or otherwise subject to the liabilities of that section of the Act
but shall be subject to all other provisions of the Act.

                         (Continued on following pages)

                              (Page 1 of 15 Pages)






-------------------                                           ------------------
CUSIP NO. G6852T105                         13G/A             Page 2 of 15 Pages
-------------------                                           ------------------

--------------------------------------------------------------------------------
1      NAME OF REPORTING PERSON
       I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)

       TPG-Axon Capital Management, LP ("TPG-Axon Management")
--------------------------------------------------------------------------------
2      CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP                  (a) |X|
                                                                         (b) |_|
--------------------------------------------------------------------------------
3      SEC USE ONLY

--------------------------------------------------------------------------------
4      CITIZENSHIP OR PLACE OF ORGANIZATION
       Delaware

--------------------------------------------------------------------------------
       NUMBER OF       5       SOLE VOTING POWER

       SHARES                  0
                       ---------------------------------------------------------
       BENEFICIALLY    6       SHARED VOTING POWER
                               236,000 shares of Common Stock
                       ---------------------------------------------------------
       OWNED BY        7       SOLE DISPOSITIVE POWER

       EACH
                               0
       REPORTING
                       ---------------------------------------------------------
       PERSON          8       SHARED DISPOSITIVE POWER

       WITH                    236,000 shares of Common Stock
--------------------------------------------------------------------------------
9      AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

       236,000 shares of Common Stock
--------------------------------------------------------------------------------
10     CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
       |_|

--------------------------------------------------------------------------------
11     PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

       0.43%*
--------------------------------------------------------------------------------
12     TYPE OF REPORTING PERSON

       PN
--------------------------------------------------------------------------------



-------------------                                           ------------------
CUSIP NO. G6852T105                         13G/A             Page 3 of 15 Pages
-------------------                                           ------------------

--------------------------------------------------------------------------------
1      NAME OF REPORTING PERSON
       I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)

       TPG-Axon Partners GP, LP ("PartnersGP")
--------------------------------------------------------------------------------
2      CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP                  (a) |X|
                                                                         (b) |_|
--------------------------------------------------------------------------------
3      SEC USE ONLY

--------------------------------------------------------------------------------
4      CITIZENSHIP OR PLACE OF ORGANIZATION
       Delaware

--------------------------------------------------------------------------------
       NUMBER OF       5       SOLE VOTING POWER

       SHARES                  0
                       ---------------------------------------------------------
       BENEFICIALLY    6       SHARED VOTING POWER
                               76,320 shares of Common Stock
                       ---------------------------------------------------------
       OWNED BY        7       SOLE DISPOSITIVE POWER

       EACH
                               0
       REPORTING
                       ---------------------------------------------------------
       PERSON          8       SHARED DISPOSITIVE POWER

       WITH                    76,320 shares of Common Stock
--------------------------------------------------------------------------------
9      AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

       76,320 shares of Common Stock
--------------------------------------------------------------------------------
10     CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
       |_|

--------------------------------------------------------------------------------
11     PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

       .14%*
--------------------------------------------------------------------------------
12     TYPE OF REPORTING PERSON

       PN
--------------------------------------------------------------------------------



-------------------                                           ------------------
CUSIP NO. G6852T105                          13G/A            Page 4 of 15 Pages
-------------------                                           ------------------

--------------------------------------------------------------------------------
1      NAME OF REPORTING PERSON
       I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)

       TPG-Axon GP, LLC ("GPLLC")
--------------------------------------------------------------------------------
2      CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP                  (a) |X|
                                                                         (b) |_|
--------------------------------------------------------------------------------
3      SEC USE ONLY

--------------------------------------------------------------------------------
4      CITIZENSHIP OR PLACE OF ORGANIZATION
       Delaware

--------------------------------------------------------------------------------
       NUMBER OF       5       SOLE VOTING POWER

       SHARES                  0
                       ---------------------------------------------------------
       BENEFICIALLY    6       SHARED VOTING POWER
                               236,000 shares of Common Stock
                       ---------------------------------------------------------
       OWNED BY        7       SOLE DISPOSITIVE POWER

       EACH
                               0
       REPORTING
                       ---------------------------------------------------------
       PERSON          8       SHARED DISPOSITIVE POWER

       WITH                    236,000 shares of Common Stock
--------------------------------------------------------------------------------
9      AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

       236,000 shares of Common Stock
--------------------------------------------------------------------------------
10     CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
       |_|

--------------------------------------------------------------------------------
11     PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

       0.43%*
--------------------------------------------------------------------------------
12     TYPE OF REPORTING PERSON

       OO
--------------------------------------------------------------------------------



-------------------                                          ------------------
CUSIP NO. G6852T105                         13G/A             Page 5 of 15 Pages
-------------------                                           ------------------

--------------------------------------------------------------------------------
1      NAME OF REPORTING PERSON
       I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)

       TPG-Axon Partners, LP ("TPG-Axon Domestic")
--------------------------------------------------------------------------------
2      CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP                  (a) |X|
                                                                         (b) |_|
--------------------------------------------------------------------------------
3      SEC USE ONLY

--------------------------------------------------------------------------------
4      CITIZENSHIP OR PLACE OF ORGANIZATION
       Delaware

--------------------------------------------------------------------------------
       NUMBER OF       5       SOLE VOTING POWER

       SHARES                  0
                       ---------------------------------------------------------
       BENEFICIALLY    6       SHARED VOTING POWER
                               76,320 shares of Common Stock
                       ---------------------------------------------------------
       OWNED BY        7       SOLE DISPOSITIVE POWER

       EACH
                               0
       REPORTING
                       ---------------------------------------------------------
       PERSON          8       SHARED DISPOSITIVE POWER

       WITH                    76,320 shares of Common Stock
--------------------------------------------------------------------------------
9      AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

        76,320 shares of Common Stock
--------------------------------------------------------------------------------
10     CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
       |_|

--------------------------------------------------------------------------------
11     PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

       .14%*
--------------------------------------------------------------------------------
12     TYPE OF REPORTING PERSON

       PN
--------------------------------------------------------------------------------



-------------------                                           ------------------
CUSIP NO. G6852T105                          13G/A            Page 6 of 15 Pages
-------------------                                           ------------------

--------------------------------------------------------------------------------
1      NAME OF REPORTING PERSON
       I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)

       TPG-Axon Partners (Offshore), Ltd. ("TPG-Axon Offshore")
--------------------------------------------------------------------------------
2      CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP                  (a) |X|
                                                                         (b) |_|
--------------------------------------------------------------------------------
3      SEC USE ONLY

--------------------------------------------------------------------------------
4      CITIZENSHIP OR PLACE OF ORGANIZATION

       Cayman Islands
--------------------------------------------------------------------------------
       NUMBER OF       5       SOLE VOTING POWER

       SHARES                  0
                       ---------------------------------------------------------
       BENEFICIALLY    6       SHARED VOTING POWER
                               159,680 shares of Common Stock
                       ---------------------------------------------------------
       OWNED BY        7       SOLE DISPOSITIVE POWER

       EACH
                               0
       REPORTING
                       ---------------------------------------------------------
       PERSON          8       SHARED DISPOSITIVE POWER

       WITH                    159,680 shares of Common Stock
--------------------------------------------------------------------------------
9      AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

       159,680 shares of Common Stock
--------------------------------------------------------------------------------
10     CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
       |_|

--------------------------------------------------------------------------------
11     PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

       .29%*
--------------------------------------------------------------------------------
12     TYPE OF REPORTING PERSON

       CO
--------------------------------------------------------------------------------



-------------------                                           ------------------
CUSIP NO. G6852T105                          13G/A            Page 7 of 15 Pages
-------------------                                           ------------------

--------------------------------------------------------------------------------
1      NAME OF REPORTING PERSON
       I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)

       Dinakar Singh LLC ("Singh LLC")
--------------------------------------------------------------------------------
2      CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP                  (a) |X|
                                                                         (b) |_|
--------------------------------------------------------------------------------
3      SEC USE ONLY

--------------------------------------------------------------------------------
4      CITIZENSHIP OR PLACE OF ORGANIZATION

       Delaware
--------------------------------------------------------------------------------
       NUMBER OF       5       SOLE VOTING POWER

       SHARES                  0
                       ---------------------------------------------------------
       BENEFICIALLY    6       SHARED VOTING POWER
                               236,000 shares of Common Stock
                       ---------------------------------------------------------
       OWNED BY        7       SOLE DISPOSITIVE POWER

       EACH
                               0
       REPORTING
                       ---------------------------------------------------------
       PERSON          8       SHARED DISPOSITIVE POWER

       WITH                    236,000 shares of Common Stock
--------------------------------------------------------------------------------
9      AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

       236,000 shares of Common Stock
--------------------------------------------------------------------------------
10     CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
       |_|

--------------------------------------------------------------------------------
11     PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

       0.43%*
--------------------------------------------------------------------------------
12     TYPE OF REPORTING PERSON

       OO
--------------------------------------------------------------------------------



-------------------                                           ------------------
CUSIP NO. G6852T105                          13G/A            Page 8 of 15 Pages
-------------------                                           ------------------

--------------------------------------------------------------------------------
1      NAME OF REPORTING PERSON
       I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)

       Dinakar Singh ("Mr. Singh")
--------------------------------------------------------------------------------
2      CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP                  (a) |X|
                                                                         (b) |_|
--------------------------------------------------------------------------------
3      SEC USE ONLY

--------------------------------------------------------------------------------
4      CITIZENSHIP OR PLACE OF ORGANIZATION

       USA
--------------------------------------------------------------------------------
       NUMBER OF       5       SOLE VOTING POWER

       SHARES                  0
                       ---------------------------------------------------------
       BENEFICIALLY    6       SHARED VOTING POWER
                               236,000 shares of Common Stock
                       ---------------------------------------------------------
       OWNED BY        7       SOLE DISPOSITIVE POWER

       EACH
                               0
       REPORTING
                       ---------------------------------------------------------
       PERSON          8       SHARED DISPOSITIVE POWER

       WITH                    236,000 shares of Common Stock
--------------------------------------------------------------------------------
9      AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

       236,000 shares of Common Stock
--------------------------------------------------------------------------------
10     CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
       |_|

--------------------------------------------------------------------------------
11     PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

       0.43%*
--------------------------------------------------------------------------------
12     TYPE OF REPORTING PERSON

       IN
--------------------------------------------------------------------------------



-------------------                                           ------------------
CUSIP NO. G6852T105                         13G/A             Page 9 of 15 Pages
-------------------                                           ------------------

ITEM 1.

      (a) NAME OF ISSUER: PartnerRe Ltd.

      (b) ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES:

            90 Pitts Bay Road
            Pembroke, Bermuda HM08

ITEM 2.

      2(a). NAME OF PERSON FILING:

      This statement is filed by the entities and persons listed below, all of
whom together are referred to herein as the "Reporting Persons":

      (i)   TPG-Axon Capital Management, LP ("TPG-Axon Management"), a Delaware
            limited partnership, with respect to the Shares reported in this
            Schedule 13G/A held by TPG-Axon Partners, LP ("TPG-Axon Domestic")
            and TPG-Axon Partners (Offshore), Ltd. ("TPG-Axon Offshore," and
            together with TPG-Axon Domestic the "Funds").

      (ii)  TPG-Axon Partners GP, LP ("PartnersGP"), a Delaware limited
            partnership which serves as the general partner of TPG-Axon
            Domestic, with respect to the Shares reported in this Schedule 13G/A
            managed by TPG-Axon Management and held by TPG-Axon Domestic.

      (iii) TPG-Axon GP, LLC ("GPLLC"), a Delaware limited liability company,
            which serves as the general partner of TPG-Axon Management and
            PartnersGP, with respect to the Shares reported in this Schedule
            13G/A managed by TPG-Axon Management and held by the Funds.

      (iv)  TPG-Axon Domestic, a Delaware limited partnership, with respect to
            the Shares reported in this Schedule 13G/A directly held by it.

      (v)   TPG-Axon Offshore, a Cayman Islands exempted company, with respect
            to the Shares reported in this Schedule 13G/A directly held by it.

      (vi)  Dinakar Singh LLC ("Singh LLC"), a Delaware limited liability
            company which serves as the managing member of GPLLC, with respect
            to the Shares reported in this Schedule 13G/A managed by TPG-Axon
            Management and held by the Funds.

      (vii) Dinakar Singh ("Mr. Singh"), an individual who serves as the
            managing member of Singh LLC, with respect to the Shares reported in
            this Schedule 13G/A managed by TPG-Axon Management and held by the
            Funds.



-------------------                                          -------------------
CUSIP NO. G6852T105                          13G/A           Page 10 of 15 Pages
-------------------                                          -------------------

      (b) ADDRESS OF PRINCIPAL OFFICE:

          (All, except TPG-Axon       TPG-Axon Offshore
          Offshore)

          888 Seventh Avenue          c/o Goldman Sachs (Cayman) Trust Limited
          38th Floor                  PO Box 896GT, Harbour Centre, 2nd Floor
          New York, New York 10019    George Town, Grand Cayman
                                      Cayman Islands, BWI

      (c)   Citizenship: Delaware (all except TPG-Axon Offshore and Mr. Singh);
            TPG-Axon Offshore: Cayman Islands; Mr. Singh is a United States
            citizen.

      (d)   Title of Class of Securities: Common Stock, par value $1.00 per
            share (the "Shares")

      (e)   CUSIP Number: G6852T105

ITEM    3. IF THIS STATEMENT IS FILED PURSUANT TO SS.SS.240.13D-1(B) OR
        240.13D-2(B) OR (C), CHECK WHETHER THE PERSON FILING IS A:

      (a) |_| Broker or dealer registered under section 15 of the Act (15 U.S.C.
              78o).

      (b) |_| Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c).

      (c) |_| Insurance company as defined in section 3(a)(19) of the Act (15
              U.S.C. 78c).

      (d) |_| Investment company registered under section 8 of the Investment
              Company Act of 1940 (15 U.S.C. 80a-8).

      (e) |_| An investment adviser in accordance with
              ss.240.13d-1(b)(1)(ii)(E).

      (f) |_| An employee benefit plan or endowment fund in accordance with
              ss.240.13d-1(b)(1)(ii)(F).

      (g) |_| A parent holding company or control person in accordance with
              ss.240.13d-1(b)(1)(ii)(G).

      (h) |_| A savings association as defined in Section 3(b) of the Federal
              Deposit Insurance Act (12 U.S.C. 1813).

      (i) |_| A church plan that is excluded from the definition of an
              investment company under section 3(c)(14) of the Investment
              Company Act of 1940 (15 U.S.C. 80a-3).

      (j) |_| Group, in accordance with ss.240.13d-1(b)(1)(ii)(J).

      IF THIS STATEMENT IS FILED PURSUANT TO Rule 13d-1(c), CHECK THIS BOX   [X]



-------------------                                          -------------------
CUSIP NO. G6852T105                          13G/A           Page 11 of 15 Pages
-------------------                                          -------------------

ITEM 4. OWNERSHIP

      TPG-Axon Management, as investment manager to TPG-Axon Domestic and
TPG-Axon Offshore, has the power to direct the disposition and voting of the
Shares held by TPG-Axon Domestic and TPG-Axon Offshore. PartnersGP is the
general partner of TPG-Axon Domestic. GPLLC is the general partner of PartnersGP
and TPG-Axon Management. Singh LLC is a Managing Member of GPLLC. Mr. Singh, an
individual, is the Managing Member of Singh LLC and in such capacity may be
deemed to control Singh LLC, GPLLC and TPG-Axon Management, and therefore may be
deemed the beneficial owner of the securities held by TPG-Axon Domestic and
TPG-Axon Offshore.

      Each of Singh LLC, GPLLC, PartnersGP and Mr. Singh disclaim beneficial
ownership of all of the shares of Common Stock reported in this 13G/A.

      A.    TPG-Axon Management
            (a)   Amount beneficially owned: 236,000 shares of Common Stock
            (b)   Percent of class: 0.43%*
                  (*All percentages of beneficial ownership reported in this
                  Schedule 13G/A are based on the 55,049,354 outstanding shares
                  of Common Stock reported in the Issuer's form 10Q for the
                  quarterly period ended September 30, 2008.)
            (c)   Number of shares as to which the person has:
                  (i)   Sole power to vote or to direct the vote: 0
                  (ii)  Shared power to vote or to direct the vote: 236,000
                        shares of Common Stock
                  (iii) Sole power to dispose or to direct the disposition of: 0
                  (iv)  Shared power to dispose or to direct the disposition of:
                        236,000 shares of Common Stock

      B.    PartnersGP
            (a)   Amount beneficially owned: 76,320 shares of Common Stock
            (b)   Percent of class: .14%*
            (c)   Number of shares as to which the person has:
                  (i)   Sole power to vote or to direct the vote: 0
                  (ii)  Shared power to vote or to direct the vote: 76,320
                        shares of Common Stock
                  (iii) Sole power to dispose or to direct the disposition of: 0
                  (iv)  Shared power to dispose or to direct the disposition of:
                        76,320 shares of Common Stock



-------------------                                          -------------------
CUSIP NO. G6852T105                         13G/A            Page 12 of 15 Pages
-------------------                                          -------------------

      C.    GPLLC
            (a)   Amount beneficially owned: 236,000 shares of Common Stock
            (b)   Percent of class: 0.43%*
            (c)   Number of shares as to which the person has:
                  (i)   Sole power to vote or to direct the vote: 0
                  (ii)  Shared power to vote or to direct the vote: 236,000
                        shares of Common Stock
                  (iii) Sole power to dispose or to direct the disposition of: 0
                  (iv)  Shared power to dispose or to direct the disposition of:
                        236,000 shares of Common Stock

      D.    TPG-Axon Domestic
            (a)   Amount beneficially owned: 76,320 shares of Common Stock
            (b)   Percent of class: .14%*
            (c)   Number of shares as to which the person has:
                  (i)   Sole power to vote or to direct the vote: 0
                  (ii)  Shared power to vote or to direct the vote: 76,320
                        shares of Common Stock
                  (iii) Sole power to dispose or to direct the disposition of: 0
                  (iv)  Shared power to dispose or to direct the disposition of:
                        76,320 shares of Common Stock

      E.    TPG-Axon Offshore
            (a)   Amount beneficially owned: 159,680 shares of Common Stock
            (b)   Percent of class: .29%*
            (c)   Number of shares as to which the person has:
                  (i)   Sole power to vote or to direct the vote: 0
                  (ii)  Shared power to vote or to direct the vote: 159,680
                        shares of Common Stock
                  (iii) Sole power to dispose or to direct the disposition of: 0
                  (iv)  Shared power to dispose or to direct the disposition of:
                        159,680 shares of Common Stock

      F.    Singh LLC
            (a)   Amount beneficially owned: 236,000 shares of Common Stock
            (b)   Percent of class: 0.43%*
            (c)   Number of shares as to which the person has:
                  (i)   Sole power to vote or to direct the vote: 0
                  (ii)  Shared power to vote or to direct the vote: 236,000
                        shares of Common Stock
                  (iii) Sole power to dispose or to direct the disposition of: 0
                  (iv)  Shared power to dispose or to direct the disposition of:
                        236,000 shares of Common Stock



--------------------                                        --------------------
CUSIP NO. G6852T105                        13G/A            Page 13 of 15 Pages
-------------------                                         --------------------

      G.    Mr. Singh
            (a)   Amount beneficially owned: 236,000 shares of Common Stock
            (b)   Percent of class: 0.43%*
            (c)   Number of shares as to which the person has:
                  (i)   Sole power to vote or to direct the vote: 0
                  (ii)  Shared power to vote or to direct the vote: 236,000
                        shares of Common Stock
                  (iii) Sole power to dispose or to direct the disposition of: 0
                  (iv)  Shared power to dispose or to direct the disposition of:
                        236,000 shares of Common Stock


ITEM 5. OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS.

      If this statement is being filed to report the fact that as of the date
      hereof the reporting person has ceased to be the beneficial owner of more
      than 5 percent of the class of securities, check the following [X].


ITEM 6. OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON

      Not applicable.

ITEM 7. IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH ACQUIRED
        THE SECURITY BEING REPORTED ON BY THE PARENT HOLDING COMPANY OR CONTROL
        PERSON.

      Not applicable.

ITEM 8. IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP

      Not applicable.

ITEM 9. NOTICE OF DISSOLUTION OF THE GROUP

      Not applicable.



-------------------                                          -------------------
CUSIP NO. G6852T105                          13G/A           Page 14 of 15 Pages
-------------------                                          -------------------


ITEM 10. CERTIFICATION

      By signing below I certify that, to the best of my knowledge and belief,
      the securities referred to above were not acquired and are not held for
      the purpose of or with the effect of changing or influencing the control
      of the issuer of the securities and were not acquired and are not held in
      connection with or as a participant in any transaction having that purpose
      or effect.

                                    SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify
that the information set forth in this statement is true, complete and correct.


Dated:  February 13, 2009


                               TPG-Axon Capital Management, LP
                               By:  TPG-Axon GP, LLC, general partner


                               By:  /s/  Dinakar Singh
                                    ----------------------
                                    Dinakar Singh
                                    Co-President


                               TPG-Axon Partners GP, LP
                               By: TPG-Axon GP, LLC, general partner


                               By:  /s/  Dinakar Singh
                                    ----------------------
                                    Dinakar Singh
                                    Co-President


                               TPG-Axon GP, LLC


                               By:  /s/  Dinakar Singh
                                    ----------------------
                                    Dinakar Singh
                                    Co-President



-------------------                                          -------------------
CUSIP NO. G6852T105                          13G/A           Page 15 of 15 Pages
-------------------                                          -------------------


                               TPG-Axon Partners, LP
                               By:  TPG-Axon Partners GP, LP, general partner
                               By:  TPG-Axon GP, LLC, general partner


                               By:  /s/  Dinakar Singh
                                    ----------------------
                                    Dinakar Singh
                                    Co-President


                               TPG-Axon Partners (Offshore), Ltd.


                               By:  /s/  Dinakar Singh
                                    ----------------------
                                    Dinakar Singh
                                    Director


                               Dinakar Singh LLC


                               By:  /s/  Dinakar Singh
                                    ----------------------
                                    Dinakar Singh
                                    Managing Member


                               /s/  Dinakar Singh
                               ---------------------------
                                    Dinakar Singh