To:     [   ] (the "Undertaking Party”)

Date: [   ]

Dear:

[We refer to the Confirmation entered into by you and us dated [date] (the "Confirmation”) which supplements, forms part of and is subject to the Master Agreement for the Sale and Purchase of Securities dated [date], as amended and supplemented from time to time, between you and us (the “Agreement").

Unless the context requires otherwise, capitalised terms used in this Exercise Notice and not defined herein will have the same meaning as in the Confirmation.

The Exercising Party hereby confirms to the Undertaking Party that:

1. the undersigned is duly authorised to execute and deliver this Exercise Notice on behalf of the Exercising Party;

2. the Exercising Party is hereby exercising the Undertaking Party’s undertaking in respect of the Exercise Date specified below and accordingly the Undertaking Party is hereby required to [purchase from][sell to] the Exercising Party the following Securities on the following terms:

   a. Exercise Date:                        [   ]

   b. Securities:                             [   ]

   c. Second Purchase Date:         [   ]

   d. Second Purchase Price:        [   ]]⁺

[We refer to the Master Agreement for the Sale and Purchase of Securities dated [date], as amended and supplemented from time to time, between you and us (the “Agreement ').

Unless the context requires otherwise, capitalised terms used in this Exercise Notice and not defined herein will have the same meaning as in the Agreement.

The Exercising Party hereby confirms to the Undertaking Party that:

1. the undersigned is duly authorised to execute and deliver this Exercise Notice on behalf of the Exercising Party;

2. the Exercising Party is hereby exercising the Undertaking Party's undertaking(s) in respect of each Non-Exercised Transaction under the Agreement, and in respect of

    

⁺ To be used prior to the occurrence of an Early Termination Dare.