Limited recourse

Plenti’s recourse to payments due from the Note Trustee is limited to the amounts received by the Note Trustee in relation to the 2022 Auto G-Notes (including any supplemental interest payments), and therefore you may not receive some or all of the interest or principal due on your Note Purchase Loan in the event that the Note Trustee does not receive all amounts, on time and in full, payable to it on the 2022 Auto G-Notes or under the supplemental interest payment arrangements. The guarantee by Plenti Group in relation to the obligations of the Note Trustee under the Note Purchase Loan extends only to the payment of interest and repayment of capital is not guaranteed.