Series A Preference Shares will have no right to require the redemption or repurchase of the Series A Preference Shares. Optional Redemption After Non-Call Period Except as described below under this "Optional Redemption" section, the Series A Preference Shares are not redeemable prior to , 2021. On and after

and expenses following liquidation of the Collateral, the Co-Issuers will have no obligation to pay such deficiency. In addition, after the end of Non-Call Period or at any time upon the occurrence and during the continuance of a Tax Event, the Collateral Manager (with the consent of a Majority of the Income N

s Recovery Rate 107 Moody's Senior Secured Loan 108 Moody's Structured Finance Recovery Rates 108 Moody's Weighted Average Recovery• Rate 109 Non-Call Period 4 Note Payment Sequence 109 Notes 1, 110 Notice of Default 39, 110 Obligor 110 OC Numerator 110 OID 78 Operating Guidelines 110 Optio

s Recovery Rate 107 Moody's Senior Secured Loan 108 Moody's Structured Finance Recovery Rates 108 Moody's Weighted Average Recovery• Rate 109 Non-Call Period 4 Note Payment Sequence 109 Notes 1, 110 Notice of Default 39, 110 Obligor 110 OC Numerator 110 OID 78 Operating Guidelines 110 Optio