The Issuer may, at the Issuer or Guarantor's option, at any time upon giving not less than 30 nor more than 60 days' written notice to holders of the Notes (which notice shall be irrevocable), redeem the Notes prior to January 29, 2030, in whole or in part, at a redemption amount equal to the greater of:

• 100% of the principal amount of the Notes to be redeemed; and

• the make-whole amount, which means the amount determined on the fifth Business Day before the redemption date equal to the sum of (i) the present value of the principal amount of the Notes to be redeemed, assuming a scheduled repayment thereof on the stated maturity date, plus (ii) the present value of the remaining scheduled payments of interest to and including the stated maturity date, in each case discounted to the redemption date on a semi-annual basis (assuming a 360-day year consisting of twelve 30-day months and, in the case of an incomplete month, the actual number of days elapsed) at the Treasury Yield plus 25 basis points,

plus, in each case, accrued and unpaid interest on the Notes to be redeemed, if any, to, but not including, the redemption date; provided that the principal amount of a Note remaining outstanding after redemption in part shall be US$200,000 or an integral multiple of US$1,000 in excess thereof.