Product Description
The Issuer may, at its option, extend the Notes beginning on the Initial Maturity Date and
every year thereafter (each referred to as an “Extended Maturity Date”) up until the final
maturity date (the “Final Maturity Date”) pursuant to the Extension Feature described
below. At the Maturity Date, the noteholder is entitled to receive the Principal Amount and
interest accrued and compounded annually at the Annual Compounded Rate described below
(referred to as the “Redemption Amount”) as per the Redemption Schedule below. Any
payment under the Notes will be in Canadian dollars.