Common use of OPTION TO ELECT REPAYMENT Clause in Contracts

OPTION TO ELECT REPAYMENT. The undersigned hereby irrevocably request(s) and instruct(s) the Bank to repay this Note (or portion hereof specified below) pursuant to its terms at a price equal to 100% of the principal amount hereof to be repaid, together with accrued and unpaid interest hereon, payable to the date of repayment, to the undersigned, at ______________ -------------------------------------------------------------------------------- (Please print or typewrite name and address of the undersigned.) For this Note to be repaid, the undersigned must give to the London Paying Agent, if this Note is in bearer form, at 0 Xxxxxx Xxxx Street, London, E1W 1YT or, if this Note is in registered form, to the Domestic Paying Agent at The Chase Manhattan Bank, 000 Xxxx 00xx Xxxxxx, Xxx Xxxx, Xxx Xxxx 00000-0000, Xxxxxx Xxxxxx xx Xxxxxxx, or to the London Paying Agent at its address, as the case may be, or at such other place or places of which the Bank shall from time to time notify the holders of the Notes not more than 60 days nor less than 30 days prior to the date of repayment, this Note (and, if this Note is in definitive bearer form, all interest coupons appertaining hereto maturing after the repayment date) with this "Option to Elect Repayment" form duly completed. If less than the entire principal amount of this Note is to be repaid, specify the portion hereof (which shall be increments of US$1,000, or equivalent denominations in other currencies) which the holder elects to have repaid and specify the denomination or denominations (which shall be an Authorized Denomination specified on the face of the within Note) of the Notes to be issued to the holder for the portion of this Note not being repaid (in the absence of any such specification, one such Note will be issued for the portion not being repaid): US$__________________________ ________________________________ Signature Dated: ______________________ NOTICE: The signature on this "Option to Elect Repayment" form must correspond with the name as written upon the face of the within Note in every particular, without alteration or enlargement or any change whatsoever. --------------------------------- Signature Guarantee NOTICE: The signature(s) should be guaranteed by an eligible guarantor institution (banks, stockbrokers, savings and loan associations, and credit unions with membership in an approved signature guarantee medallion program), pursuant to Rule 17Ad- 15 under the Securities Exchange Act of 1934.

OPTION TO ELECT REPAYMENT. The undersigned hereby irrevocably request(s) and instruct(s) the Bank to repay this Note (or portion hereof specified below) pursuant to its terms at a price equal to 100% of the principal amount hereof to be repaid, together with accrued and unpaid interest hereon, payable to the date of repayment, to the undersigned, at ______________ -------------------------------------------------------------------------------- . (Please print or typewrite name and address of the undersigned.) For this Note to be repaid, the undersigned must give to the London Paying Agent, if this Note is in bearer form, at 0 Deutsche Bank AG, London Branch, Winchester House, 1 Great Xxxxxxxxxx Xxxxxx, Xxxxxx Xxxx Street, London, E1W 1YT XX0X 0XX or, if this Note is in registered form, to the Domestic Paying Agent at The Chase Manhattan BankDeutsche Bank Trust Company Americas, 000 00 Xxxx Xxxxxx, 00xx XxxxxxXxxxx, Xxx Xxxx, Xxx Xxxx 00000-000010005, Xxxxxx Xxxxxx xx XxxxxxxUnited States of America, or to the London Paying Agent at its address, or, if this Note is listed on the Irish Stock Exchange, whether in registered or bearer form, to the Irish Paying Agent at Deutsche International Corporate Services (Ireland) Limited, 0 Xxxxxxxxxxxxx Xxxxx, International Financial Services Centre, Xxxxxx 0, Xxxxxxx, as the case may be, or at such other place or places of which the Bank shall from time to time notify the holders of the Notes not more than 60 days nor less than 30 days prior to the date of repayment, this Note (and, if this Note is in definitive bearer form, all interest coupons appertaining hereto maturing after the repayment date) with this "“Option to Elect Repayment" ” form duly completed. If less than the entire principal amount of this Note is to be repaid, specify the portion hereof (which shall be increments of US$1,000, or equivalent denominations in other currencies) which the holder elects to have repaid and specify the denomination or denominations (which shall be an Authorized Denomination specified on the face of the within NoteNote (or, if such Note is in global form, in the Pricing Supplement)) of the Notes to be issued to the holder for the portion of this Note not being repaid (in the absence of any such specification, one such Note will be issued for the portion not being repaid): US$__________________________ ________________________________ US$ Signature Dated: ______________________ NOTICE: The signature on this "“Option to Elect Repayment" ” form must correspond with the name as written upon the face of the within Note in every particular, without alteration or enlargement or any change whatsoever. --------------------------------- Signature Guarantee NOTICE: The signature(s) should be guaranteed by an eligible guarantor institution (banks, stockbrokers, savings and loan associations, and credit unions with membership in an approved signature guarantee medallion program), pursuant to Rule 17Ad- 15 under the Securities Exchange Act of 1934.

OPTION TO ELECT REPAYMENT. The undersigned hereby irrevocably request(s) and instruct(s) the Bank to repay this Note (or portion hereof specified below) pursuant to its terms at a price equal to 100% of the principal amount hereof to be repaid, together with accrued and unpaid interest hereon, payable to the date of repayment, to the undersigned, at ______________ -------------------------------------------------------------------------------- ------------------------------------------------------------------------ (Please print or typewrite name and address of the undersigned.) For this Note to be repaid, the undersigned must give to the London Paying Agent, if this Note is in bearer form, at 0 Xxxxxx Xxxx Street, London, E1W 1YT or, if this Note is in registered form, to the Domestic Paying Agent at The Chase Manhattan Bank, 000 Xxxx 00xx Xxxxxx, Xxx Xxxx, Xxx Xxxx 00000-0000, Xxxxxx Xxxxxx xx Xxxxxxx, or to the London Paying Agent at its address, as the case may be, or at such other place or places of which the Bank shall from time to time notify the holders of the Notes not more than 60 days nor less than 30 days prior to the date of repayment, this Note (and, if this Note is in definitive bearer form, all interest coupons appertaining hereto maturing after the repayment date) with this "Option to Elect Repayment" form duly completed. If less than the entire principal amount of this Note is to be repaid, specify the portion hereof (which shall be increments of US$1,000, or equivalent denominations in other currencies) which the holder elects to have repaid and specify the denomination or denominations (which shall be an Authorized Denomination specified on the face of the within Note) of the Notes to be issued to the holder for the portion of this Note not being repaid (in the absence of any such specification, one such Note will be issued for the portion not being repaid): US$__________________________ ________________________________ Signature Dated: ______________________ NOTICE: The signature on this "Option to Elect Repayment" form must correspond with the name as written upon the face of the within Note in every particular, without alteration or enlargement or any Dated: ________________________ change whatsoever. --------------------------------- Signature Guarantee NOTICE: The signature(s) should be guaranteed by an eligible guarantor institution (banks, stockbrokers, savings and loan associations, and credit unions with membership in an approved signature guarantee medallion program), pursuant to Rule 17Ad- 15 under the Securities Exchange Act of 1934.

OPTION TO ELECT REPAYMENT. The undersigned hereby irrevocably request(s) and instruct(s) the Bank to repay this Note (or portion hereof specified below) pursuant to its terms at a price equal to 100% of the principal amount hereof to be repaid, together with accrued and unpaid interest hereon, payable to the date of repayment, to the undersigned, at ______________ -------------------------------------------------------------------------------- . (Please print or typewrite name and address of the undersigned.) For this Note to be repaid, the undersigned must give to the London Paying Agent, if this Note is in bearer form, at 0 Deutsche Bank AG, London Branch, Winchester House, 1 Great Xxxxxxxxxx Xxxxxx, Xxxxxx Xxxx Street, London, E1W 1YT XX0X 0XX or, if this Note is in registered form, to the Domestic Paying Agent at The Chase Manhattan BankDeutsche Bank Trust Company Americas, 000 00 Xxxx Xxxxxx, 00xx XxxxxxXxxxx, Xxx Xxxx, Xxx Xxxx 00000-000010005, Xxxxxx Xxxxxx xx XxxxxxxUnited States of America, or to the London Paying Agent at its address, or, if this Note is listed on the Irish Stock Exchange, whether in bearer or registered form, to the Irish Paying Agent at Deutsche International Corporate Services (Ireland) Limited, 0 Xxxxxxxxxxxxx Xxxxx, International Financial Services Centre, Xxxxxx 0, Xxxxxxx, as the case may be, or at such other place or places of which the Bank shall from time to time notify the holders of the Notes not more than 60 days nor less than 30 days prior to the date of repayment, this Note (and, if this Note is in definitive bearer form, all interest coupons appertaining hereto maturing after the repayment date) with this "“Option to Elect Repayment" ” form duly completed. If less than the entire principal amount of this Note is to be repaid, specify the portion hereof (which shall be increments of US$1,000, or equivalent denominations in other currencies) which the holder elects to have repaid and specify the denomination or denominations (which shall be an Authorized Denomination specified on the face of the within Note) of the Notes to be issued to the holder for the portion of this Note not being repaid (in the absence of any such specification, one such Note will be issued for the portion not being repaid): US$__________________________ ________________________________ US$ Signature Dated: ______________________ NOTICE: The signature on this "“Option to Elect Repayment" ” form must correspond with the name as written upon the face of the within Note in every particular, without alteration or enlargement or any change whatsoever. --------------------------------- Signature Guarantee NOTICE: The signature(s) should be guaranteed by an eligible guarantor institution (banks, stockbrokers, savings and loan associations, and credit unions with membership in an approved signature guarantee medallion program), pursuant to Rule 17Ad- 15 under the Securities Exchange Act of 1934.

OPTION TO ELECT REPAYMENT. The undersigned hereby irrevocably request(s) requests and instruct(s) instructs the Bank Issuer to repay this the within Note (or portion hereof thereof specified below) pursuant to its terms at a price equal to 100% of the principal amount hereof thereof, together with interest to the Optional Repayment Date, to the undersigned at (Please print or typewrite name and address of the undersigned) If less than the entire principal amount of the within Note is to be repaid, together with accrued and unpaid interest hereon, payable specify the portion thereof which the Holder elects to the date of repayment, to the undersigned, at have repaid: ______________ -------------------------------------------------------------------------------- (Please print or typewrite name and address of the undersigned.) For this Note to be repaid, the undersigned must give to the London Paying Agent, if this Note is in bearer form, at 0 Xxxxxx Xxxx Street, London, E1W 1YT or, if this Note is in registered form, to the Domestic Paying Agent at The Chase Manhattan Bank, 000 Xxxx 00xx Xxxxxx, Xxx Xxxx, Xxx Xxxx 00000-0000, Xxxxxx Xxxxxx xx Xxxxxxx, or to the London Paying Agent at its address, as the case may be, or at such other place or places of which the Bank shall from time to time notify the holders of the Notes not more than 60 days nor less than 30 days prior to the date of repayment, this Note (and, if this Note is in definitive bearer form, all interest coupons appertaining hereto maturing after the repayment date) with this "Option to Elect Repayment" form duly completed. If less than the entire principal amount of this Note is to be repaid, specify the portion hereof (which shall be increments of US$1,000, or equivalent denominations in other currencies) which the holder elects to have repaid ; and specify the denomination or denominations (which shall not be an Authorized Denomination specified on less than the face of the within Noteminimum authorized denomination) of the Notes to be issued to the holder Holder for the portion of this the within Note not being repaid (in the absence of any such specification, one such Note will be issued for the portion not being repaid): US$__________________________ ________________________________ Signature . Dated: ______________________ NOTICE: The signature on this "Option to Elect Repayment" form Repayment must correspond with the name as written upon the face of the within Note instrument in every particular, particular without alteration or enlargement enlargement. EXHIBIT C GUARANTEE OF LLOYDS BANKING GROUP PLC LLOYDS BANKING GROUP plc, a public limited company incorporated under the laws of Scotland, United Kingdom with its headquarters in London (the “Guarantor,” which term includes any successor guarantor under the Indenture) HEREBY UNCONDITIONALLY GUARANTEES (the “Guarantee”) to each Holder of this Note the due and punctual payment of the principal of, any premium and interest on, and any Additional Amounts with respect to this Note and the due and punctual payment of the sinking fund payments (if any) provided for pursuant to the terms of this Note and any and all amounts under the Indenture (including but not limited to the fees, expenses and indemnities of the Trustee), when and as the same shall become due and payable, whether at maturity, by acceleration, redemption, repayment or otherwise, in accordance with the terms of this Note and of the Indenture. In case of the failure of Lloyds Bank plc (the “Issuer”) punctually to pay any such principal, premium, interest, Additional Amounts or sinking fund payment and any and all amounts under the Indenture, (including but not limited to, the fees, expenses and indemnities of the Trustee), the Guarantor hereby agrees to cause any such payment to be made punctually when and as the same shall become due and payable, whether at maturity, upon acceleration, redemption, repayment or otherwise, and as if such payment were made by the Issuer in accordance with the terms of this Note and of the Indenture. All terms used in this Note which are defined in the Indenture and not otherwise defined herein shall have the meanings assigned to them in the Indenture. Notwithstanding and to the exclusion of any other term of this Guarantee or any change whatsoever. --------------------------------- Signature other agreements, arrangements, or understanding between the Guarantor and each Holder or Beneficial Owner of this Note, each Holder (including each Beneficial Owner) acknowledges and accepts that a BRRD Liability arising under this Guarantee NOTICE: The signature(s) should may be guaranteed subject to the exercise of Bail-in Powers by an eligible guarantor institution (banks, stockbrokers, savings and loan associationsthe Relevant Resolution Authority, and credit unions with membership in an approved signature guarantee medallion program)acknowledges, pursuant accepts, and agrees to Rule 17Ad- 15 under the Securities Exchange Act of 1934.be bound by: