Kaisa Group Holdings Ltd. will issue the Notes in the aggregate principal amount of USD 300 million. The Notes will mature on 7 September 2022, unless earlier redeemed in accordance with the terms thereof. The issue price of the Notes will be 99.54% of the principal amount of the Notes. The Notes will bear interest from and including 8 September 2021 at a rate of 10.5% per annum, payable in arrears on 8 March 2022 and 7 September 2022. The Notes are (1) general obligations of the Company; (2) senior in right of payment to any existing and future obligations of the Company expressly subordinated in right of payment to the Notes; (3) at least pari passu in right of payment with all other unsecured, unsubordinated indebtedness of the Company (subject to any priority rights of such unsecured unsubordinated indebtedness pursuant to applicable law); (4) guaranteed by the Subsidiary Guarantors and the JV Subsidiary Guarantors (if any) on a senior basis, subject to certain limitations; (5) effectively subordinated to the secured obligations of the Company, the Subsidiary Guarantors and the JV Subsidiary Guarantors (if any) to the extent of the value of the assets serving as security therefor; and (6) effectively subordinated to all existing and future obligations of the subsidiaries of the Company which are not Subsidiary Guarantors or JV Subsidiary Guarantors (if any).