EX-4.8



 Exhibit 4.8 

BERKSHIRE HATHAWAY FINANCE CORPORATION 

OFFICERS’ CERTIFICATE 

ESTABLISHING THE TERMS OF THE 

1.450% SENIOR NOTES DUE 2018 

March 15, 2016 
 The
undersigned, Marc D. Hamburg and Sharon L. Heck, do hereby certify pursuant to Section 3.01 of that certain Indenture, dated as of January 26, 2016 (the “Indenture”), among Berkshire Hathaway Finance Corporation (the
“Corporation”), Berkshire Hathaway Inc., as Guarantor, and The Bank of New York Mellon Trust Company, N.A., as trustee: 

1. They are (i) the President and (ii) the Secretary, respectively, of the Corporation. 

2. As such officers, they are authorized to execute and deliver this Officers’ Certificate on behalf of the Corporation. 

3. Attached hereto as Annex A is a true and correct copy of a specimen note representing the Corporation’s 1.450% Senior Notes due
2018 (the “Notes”). 
 4. The Notes are a separate series of Securities under the Indenture. The form of Notes attached
hereto as Annex A is incorporated herein by reference. 
 5. The title of the Notes shall be the “1.450% Senior Notes due
2018.” The Notes will be the Corporation’s unsecured senior obligations, will rank pari passu in right of payment with all of the Corporation’s unsubordinated, unsecured indebtedness and will be senior in right of payment to all of
the Corporation’s subordinated indebtedness. 
 6. The Notes shall be issued at the initial offering price of 99.961% of the principal
amount thereof. 
 7. The Corporation will initially issue $750,000,000 aggregate principal amount of Notes. The Corporation may issue
additional Notes from time to time after the date hereof, and such Notes will be treated as part of the same series of which the Notes are a part for all purposes under the Indenture. 

8. All of the Corporation’s obligations under the Notes will be unconditionally and irrevocably guaranteed by Berkshire Hathaway Inc., as
Guarantor. The form of Guarantee is attached to the specimen Note attached hereto as Annex A, and is incorporated herein by reference. 

9. The principal amount of the Notes will mature on March 7, 2018. 

10. The Notes are issuable in minimum denominations of $2,000 and integral multiples of $1,000 in excess thereof. 







 11. Interest on the Notes will be computed on the basis of a 360 day year of twelve 30-day
months. 
 12. The Notes will bear interest from March 15, 2016 at the rate of 1.450% per annum, payable on each March 7 and
September 7, commencing on September 7, 2016, to the holders of record of the Notes at the close of business on the February 21 or August 21 (whether or not a Business Day), as the case may be, immediately preceding such
March 7 or September 7. 
 13. Payment of the principal of and premium, if any, and interest on the Notes will be made at the
office or agency of the Corporation maintained for that purpose in the City of New York, New York (or, if the Corporation does not maintain such office or agency, at the corporate trust office of the Trustee in the City of New York or if the Trustee
does not maintain an office in the City of New York, at the office of a Paying Agent in the City of New York), in such coin or currency of the United States of America as at the time of payment is legal tender for payment of public and private debt;
provided, however, that at the option of the Corporation payments of principal, premium, if any, or interest may be made by check mailed to the address of the Person entitled thereto as such address shall appear in the Security
Register, subject to surrender at such office or agency, in the case of payments of principal and premium. 
 14. The Notes will initially
be issued in the form of one or more Global Securities. The Depository Trust Company shall serve as the Depositary for such Global Securities. 

15. The Notes shall be defeasible in whole or in part pursuant to the terms of the Indenture, including, without limitation,
Section 13.02 and Section 13.03 of the Indenture. 
 16. The Notes may be redeemed in whole or in part pursuant to the terms set
forth in the form of Notes incorporated herein by reference. Notwithstanding Section 11.04 of the Indenture, notice of such redemption need not set forth the Redemption Price, but only the manner of calculation thereof. The Corporation shall
give the Trustee notice of such Redemption Price promptly after the calculation thereof and the Trustee shall have no responsibility for such calculation. 

All capitalized terms used herein and not otherwise defined shall have the meanings given such terms in the Indenture. 

[Remainder of page intentionally left blank.] 

  
 - 2 - 








 IN WITNESS WHEREOF, this Officers’ Certificate has been executed by the undersigned on the
Corporation’s behalf as of the date first written above. 
  

			
	 /s/ Marc D. Hamburg

	Name:	 	Marc D. Hamburg
	Title:	 	President
	
	 /s/ Sharon L. Heck

	Name:	 	Sharon L. Heck
	Title:	 	Secretary


 [BHFC Officers’ Certificate Establishing Terms of 1.450% Senior Notes due 2018 (USD)] 







 Annex A 

SPECIMEN OF NOTE 







 THIS DEBT SECURITY IS A GLOBAL SECURITY WITHIN THE MEANING OF THE INDENTURE HEREINAFTER REFERRED TO AND IS
REGISTERED IN THE NAME OF A DEPOSITARY OR A NOMINEE THEREOF. THIS DEBT SECURITY MAY NOT BE EXCHANGED IN WHOLE OR IN PART FOR A SECURITY REGISTERED, AND NO TRANSFER OF THIS DEBT SECURITY IN WHOLE OR IN PART MAY BE REGISTERED, IN THE NAME OF ANY
PERSON OTHER THAN SUCH DEPOSITARY OR A NOMINEE THEREOF, EXCEPT IN THE LIMITED CIRCUMSTANCES DESCRIBED IN THE INDENTURE. 
 UNLESS THIS CERTIFICATE IS
PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION (“DTC”), TO BERKSHIRE HATHAWAY FINANCE CORPORATION OR ITS AGENT FOR REGISTRATION OR TRANSFER, EXCHANGE, OR PAYMENT, AND ANY CERTIFICATE
ISSUED IS REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED
REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE, OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS AN INTEREST HEREIN. 







 BERKSHIRE HATHAWAY FINANCE CORPORATION 

........................................................... 

1.450% Senior Notes due 2018 

CUSIP: 084664 CE9 

ISIN: US084664CE94 
  

			
	 No.
	  	
$                    

(as revised by the Schedule of Increases and

Decreases in Global Security attached hereto)


 BERKSHIRE HATHAWAY FINANCE CORPORATION, a corporation duly organized and existing under the laws of the State
of Delaware (herein called the “Company”, which term includes any successor Person under the Indenture hereinafter referred to), for value received, hereby promises to pay to CEDE & CO., the registered Holder hereof, the principal
sum of                      Dollars
($                    ) (as revised by the Schedule of Increases and Decreases in Global Security attached hereto) on March 7, 2018, and
to pay interest thereon from and including March 15, 2016 or from and including the most recent Interest Payment Date (as defined below) to which interest has been paid or duly provided for, semi-annually on March 7 and September 7 in
each year, commencing September 7, 2016 (each an “Interest Payment Date”), at the rate of 1.450% per annum (as adjusted, if at all, pursuant to such Indenture, the “Interest Rate”), until the principal hereof is paid or
made available for payment; provided that any principal, and any such installment of interest, which is overdue shall bear interest at the Interest Rate (to the extent that the payment of such interest shall be legally enforceable), from the
dates such amounts are due until they are paid or made available for payment, and such interest shall be payable on demand. The interest so payable, and punctually paid or duly provided for, on any Interest Payment Date will, as provided in such
Indenture, be paid to the Person in whose name this Debt Security (or one or more Predecessor Securities) is registered at the close of business on the Regular Record Date (whether or not a Business Day) for such interest. Any such interest not so
punctually paid or duly provided for will forthwith cease to be payable to the Holder on such Regular Record Date and may either be paid to the Person in whose name this Debt Security (or one or more Predecessor Securities) is registered at the
close of business on a Special Record Date for the payment of such Defaulted Interest to be fixed by the Trustee, notice whereof shall be given to Holders of Debt Securities of this series not less than 10 days prior to such Special Record Date, or
be paid at any time in any other lawful manner not inconsistent with the requirements of any securities exchange on which the Debt Securities of this series may be listed, and upon such notice as may be required by such exchange, all as more fully
provided in such Indenture. 
 Payment of the principal of and premium, if any, and interest on this Debt Security will be made at the
office or agency of the Company maintained for that purpose in the City of New York, New York (or, if the Company does not maintain such office or agency, at the corporate trust office of the Trustee in the City of New York or if the Trustee does
not maintain an office in the City of New York, at the office of a Paying Agent in the City of New York), in such coin or currency of the United States of America as at the time of payment is legal tender for payment of public and private debt;
provided, however, that at the option of the Company payments of principal, premium or interest may be made by check mailed to the address of the Person entitled thereto as such address shall appear in the Security Register, subject to surrender
at such office or agency, in the case of payments of principal or premium. 







 This Debt Security may be redeemed, in whole or in part, at the option of the Company, at any
time prior to its maturity at a redemption price equal to the greater of (A) 100% of the principal amount to be redeemed or (B) as determined by the Quotation Agent, the sum of the present values of the remaining scheduled payments of
principal and interest on the portion of this Debt Security being redeemed, not including any portion of such payments of interest accrued as of the date fixed for redemption, discounted to the date fixed for redemption on a semi-annual basis
assuming a 360-day year consisting of twelve 30-day months, at the Adjusted Treasury Rate plus ten (10) basis points, plus accrued interest on the portion of this Debt Security being redeemed to the date fixed for redemption. 

In the event of redemption of this Debt Security in part only, a new Debt Security or Debt Securities of this series and of like tenor for the
unredeemed portion hereof will be issued in the name of the Holder hereof upon the cancellation hereof. 
 The Quotation Agent will select a
Comparable Treasury Issue, and the Reference Dealers will provide the Company and the Trustee with the Reference Dealer Quotations. The Company will calculate the Comparable Treasury Price. 

“Adjusted Treasury Rate” means, for any date fixed for redemption, the rate per year equal to the semi-annual equivalent yield to
maturity of the Comparable Treasury Issue assuming a price for the Comparable Treasury Issue equal to the Comparable Treasury Price for the date fixed for redemption, in each case expressed as a percentage of its principal amount. 

“Comparable Treasury Issue” means, for any date fixed for redemption, the U.S. Treasury security selected by the Quotation Agent
which has a maturity comparable to the remaining maturity of this Debt Security as of the date fixed for redemption, which would be used in accordance with customary financial practice to price new issues of corporate debt securities with a maturity
comparable to the remaining maturity of this Debt Security as of the date fixed for redemption. 
 “Comparable Treasury Price”
means, for any Comparable Treasury Issue, the price after eliminating the highest and the lowest Reference Dealer Quotations and then calculating the average of the remaining Reference Dealer Quotations; provided, however, that if the Company
obtains fewer than three Reference Dealer Quotations, the Company will, when calculating the Comparable Treasury Price, calculate the average of all the Reference Dealer Quotations and not eliminate any such quotations. 

“Quotation Agent” means Merrill Lynch, Pierce, Fenner & Smith Incorporated or its successor. 

“Reference Dealers” means Goldman, Sachs & Co., J.P. Morgan Securities LLC, Merrill Lynch, Pierce, Fenner & Smith
Incorporated and a primary U.S. government securities dealer in the City of New York selected by Wells Fargo Securities, LLC or their respective successors, and one or more other primary U.S. government securities dealers in the City of New York
appointed by the Company, provided, however, that if any of the foregoing or their respective successors ceases to be a primary U.S. government securities dealer in the City of New York, the Company will appoint another primary U.S. government
securities dealer in the City of New York as a substitute. 
 “Reference Dealer Quotations” means, for any Comparable Treasury
Issue, the average of the bid and asked prices for such Comparable Treasury Issue (expressed in each case as a percentage of its principal amount) quoted in writing by the Reference Dealers to the Company and the Trustee as of 5:00 p.m. (New York
City Time) on the third business day before the relevant date fixed for redemption. 
 “Regular Record Date” means, with respect
to any Interest Payment Date, the February 21 or August 21 (whether or not a Business Day), as the case may be, immediately preceding such Interest Payment Date. 







 The Company may elect to effect a redemption in accordance with these provisions at any time and
on any date. However, the Company must give the Holders of this Debt Security notice, as provided in the Indenture, of the redemption not less than 30 days or more than 60 days before the date fixed for redemption. If the Company elects to redeem
fewer than all the Debt Securities of this series, the Trustee will select the particular Debt Securities of this series to be redeemed by such method that the Trustee deems fair and appropriate. 

Reference is hereby made to the further provisions of this Debt Security set forth on the reverse hereof, which further provisions shall for
all purposes have the same effect as if set forth at this place. 
 Unless the certificate of authentication hereon has been executed by the
Trustee referred to on the reverse hereof by manual signature, this Debt Security shall not be entitled to any benefit under the Indenture or be valid or obligatory for any purpose. 







 IN WITNESS WHEREOF, the Company has caused this instrument to be duly executed. 

 

							
	Dated: March 15, 2016	 		 	BERKSHIRE HATHAWAY FINANCE CORPORATION
				
		 		 	By:	 	  

		 		 	Name:	 	Marc D. Hamburg
		 		 	Title:	 	President

  

			
	Attest:
	
	  

	Name:	 	Sharon L. Heck
	Title:	 	Secretary








 [REVERSE OF DEBT SECURITY] 

This Debt Security is one of a duly authorized series of notes of the Company (herein called the “Debt Securities”), issued and to
be issued in one or more series under an Indenture, dated as of January 26, 2016 (herein called the “Base Indenture”, and as supplemented by the Officers’ Certificate dated March 15, 2016 with respect to this Debt Security,
together with the Base Indenture, called the “Indenture”), among the Company, as issuer, Berkshire Hathaway Inc., as guarantor (herein called the “Guarantor,” which term shall include any successor Guarantor under the Indenture),
and The Bank of New York Mellon Trust Company, N.A., as Trustee (herein called the “Trustee”, which term includes any successor trustee under the Indenture), and reference is hereby made to the Indenture for a statement of the respective
rights, limitations of rights, duties and immunities thereunder of the Company, the Guarantor, the Trustee and the Holders of the Debt Securities and of the terms upon which the Debt Securities are, and are to be, authenticated and delivered. This
Debt Security is one of the series designated on the face hereof, initially limited in aggregate principal amount to $750,000,000. The Company may at any time issue additional securities under the Indenture in unlimited amounts having the same terms
as the Debt Securities of a series, provided that no additional securities of a series may be issued if at the time of issuance an Event of Default has occurred and is continuing with respect to such series of securities. 

This Debt Security does not have the benefit of any sinking fund obligation. 

In the event of redemption of this Debt Security in part only, a new Debt Security or Debt Securities of this series and of like tenor for the
unredeemed portion hereof will be issued in the name of the Holder hereof upon the cancellation hereof. 
 The Indenture contains provisions
for defeasance at any time of the entire Indebtedness of this Debt Security or of certain restrictive covenants and Events of Default with respect to this Debt Security, in each case upon compliance with certain conditions set forth in the
Indenture. 
 If an Event of Default with respect to the Debt Securities of this series shall occur and be continuing, the principal of the
Debt Securities of this series may be declared due and payable in the manner and with the effect provided in the Indenture. 
 The Indenture
permits, with certain exceptions as therein provided, the amendment thereof and the modification of the rights and obligations of the Company and the Guarantor and the rights of the Holders of the Debt Securities of each series and of Guarantees to
be affected under the Indenture at any time by the Company, the Guarantor and the Trustee with the consent of the Holders of not less than a majority in principal amount of the Debt Securities at the time Outstanding of each series to be affected
(voting together as a single class). The Indenture also contains provisions permitting the Holders of specified percentages in principal amount of the Debt Securities of each series at the time Outstanding, on behalf of the Holders of all Debt
Securities of such series, to waive compliance by the Company and/or the Guarantor with certain provisions of the Indenture and certain past defaults under the Indenture and their consequences. Any such consent or waiver by the Holder of this Debt
Security shall be conclusive and binding upon such Holder and upon all future Holders of this Debt Security and of any Debt Security issued upon the registration of transfer hereof or in exchange herefor or in lieu hereof, whether or not notation of
such consent or waiver is made upon this Debt Security. 







 As provided in and subject to the provisions of the Indenture, the Holder of this Debt Security
shall not have the right to institute any proceeding with respect to the Indenture or for the appointment of a receiver or trustee or for any other remedy thereunder, unless such Holder shall have previously given the Trustee written notice of a
continuing Event of Default with respect to the Debt Securities of this series, the Holders of at least 25% in principal amount of the Debt Securities of this series at the time Outstanding shall have made written request to the Trustee to institute
proceedings in respect of such Event of Default as Trustee and offered the Trustee indemnity or security reasonably satisfactory to it, and the Trustee shall not have received from the Holders of a majority in principal amount of Debt Securities of
this series at the time Outstanding a direction inconsistent with such request, and shall have failed to institute any such proceeding, for 60 days after receipt of such notice, request and offer of indemnity. The foregoing shall not apply to any
suit instituted by the Holder of this Debt Security for the enforcement of any payment of principal hereof or any premium or interest hereon on or after the respective due dates expressed herein. 

No reference herein to the Indenture and no provision of this Debt Security or of the Indenture shall alter or impair the obligation of the
Company, which is absolute and unconditional, to pay the principal of and any interest on this Debt Security at the times, place and rate, and in the coin or currency, herein prescribed. 

As provided in the Indenture and subject to certain limitations therein set forth, the transfer of this Debt Security is registrable in the
Security Register, upon surrender of this Debt Security for registration of transfer at the office or agency of the Company in any place where the principal of and any premium and interest on this Debt Security are payable, duly endorsed by, or
accompanied by a written instrument of transfer in form satisfactory to the Company and the Security Registrar duly executed by, the Holder hereof or the Holder’s attorney duly authorized in writing, and thereupon one or more new Debt
Securities of this series and of like tenor, of authorized denominations and for the same aggregate principal amount, will be issued to the designated transferee or transferees. 

The Indenture and this Debt Security are governed by the laws of the State of New York, without regard to conflicts of laws provisions
thereof. 
 The Debt Securities of this series are issuable in registered form without coupons in minimum denominations of $2,000 and
integral multiples of $1,000 in excess thereof. As provided in the Indenture and subject to certain limitations therein set forth, Debt Securities of this series are exchangeable for a like aggregate principal amount of Debt Securities of this
series and of like tenor of a different authorized denomination, as requested by the Holder surrendering the same. 
 No service charge
shall be made to a Holder for any such registration of transfer or exchange, but the Company may require payment of a sum sufficient to cover any tax or other governmental charge payable in connection therewith. 

Prior to due presentment of this Debt Security for registration of transfer, the Company, the Guarantor, the Trustee and any agent thereof may
treat the Person in whose name this Debt Security is registered as the owner hereof for all purposes, whether or not this Debt Security be overdue, and none of the Company, the Guarantor, the Trustee or any such agent shall be affected by notice to
the contrary. 
 Except in the limited circumstances described in Section 3.05 of the Indenture, the Debt Securities of this series
shall be issued in the form of one or more Global Securities and The Depository Trust Company shall be the Depositary for such Global Security or Securities. 

All terms used in this Debt Security which are not defined herein and are defined in the Indenture shall have the meanings assigned to them in
the Indenture. 







 GUARANTEE OF 

BERKSHIRE HATHAWAY INC. 

FOR VALUE RECEIVED, Berkshire Hathaway Inc., a Delaware corporation (the “Guarantor”), hereby absolutely, unconditionally and
irrevocably guarantees to the holders (the “Holders”) of any security authenticated and delivered (each a “Security”) by The Bank of New York Mellon Trust Company, N.A., as trustee (the “Trustee”) under that certain
Indenture, dated as of January 26, 2016 (the “Indenture”), among the Trustee, the Guarantor and Berkshire Hathaway Finance Corporation, a Delaware corporation (“Issuer”), the full and prompt payment when due (whether at
stated maturity, by acceleration or otherwise) of all present and future payment obligations of the Issuer pursuant to the terms of such Security and/or the Indenture, whether direct or indirect, absolute or contingent, and whether for principal,
interest, fees, expenses, indemnification or otherwise (collectively, the “Obligations”). Nothing herein shall be deemed to guarantee any obligation of the Issuer other than the Obligations. Nothing herein shall be deemed to guarantee any
obligation of any person or entity other than the Issuer. 
 The Guarantor’s obligations hereunder shall be unconditional and absolute,
and shall not be released, discharged or otherwise affected by (i) the existence, validity, enforceability, perfection or extent of any collateral therefor, (ii) any lack of validity or enforceability of any provision of the Security or
the Indenture, (iii) any liquidation, bankruptcy, insolvency, reorganization or other similar proceeding affecting the Issuer or its assets, or (iv) any other circumstance relating to the Obligations that might otherwise constitute a legal
or equitable discharge of, or defense to, the Guarantor. The Guarantor agrees that the Holders and/or the Trustee may resort to the Guarantor, as primary obligor and not merely as surety, for payment of any of the Obligations whether or not the
Holders or the Trustee shall have proceeded against the Issuer or any other obligor principally or secondarily obligated with respect to any of the Obligations. Neither the Holders nor the Trustee shall be obligated to file any claim relating to any
of the Obligations in the event that the Issuer becomes subject to a bankruptcy, reorganization or similar proceeding, and the failure of the Holders or the Trustee to so file shall not affect the Guarantor’s obligations hereunder. In the event
that any payment to the Holders by the Issuer in respect of any Obligations is rescinded or must otherwise be returned for any reason whatsoever, the Guarantor shall remain liable hereunder with respect to such Obligations as if such payment had not
been made. 
 The Guarantor agrees that, subject to the Indenture, the Holders and/or the Trustee may at any time and from time to time,
either before or after the maturity thereof, without notice to or further consent of the Guarantor, extend the time of payment of, exchange or surrender any collateral for, or renew any of the Obligations, and may also make any agreement with the
Issuer or with any other party to or person liable on any of the Obligations or interested therein, for the extension, renewal, payment, compromise, discharge or release thereof, in whole or in part, or for any modification of the terms thereof or
of any agreement between the Holders, the Trustee and the Issuer or any such other party or person, and that none of the foregoing shall in any way impair or affect this Guarantee. 

The Guarantor hereby unconditionally and irrevocably waives, to the fullest extent permitted by law, (a) notice of the acceptance of this
Guarantee and of the Obligations, presentment, demand for payment, notice of dishonor and protest, (b) any requirement that any Holder exhaust any right or take any action against the Issuer, and (c) any right to revoke this Guarantee.








 The Guarantor agrees to pay on demand all fees and out-of-pocket expenses incurred by the Holders
or the Trustee in any way relating to the enforcement or protection of the rights of the Holders and/or the Trustee hereunder. 
 Upon
payment of any of the Obligations, the Guarantor shall be subrogated to the rights of the Holders and/or the Trustee against the Issuer with respect to such Obligations, and the Holders and the Trustee agree to take such steps, at the
Guarantor’s expense, as the Guarantor may reasonably request to implement such subrogation; provided, however, that the Guarantor shall not be entitled to enforce, or to receive any payments arising out of or based upon, such right of
subrogation during any period in which any amount payable by the Issuer under the Security or the Indenture is overdue or unpaid. 
 No
failure on the part of the Holders or the Trustee to exercise, and no delay in exercising, any right, remedy or power hereunder shall operate as a waiver thereof, nor shall any single or partial exercise by the Holders or the Trustee of any right,
remedy or power hereunder preclude any other or future exercise of any right, remedy or power. Each and every right, remedy and power hereby granted to the Holders or the Trustee or allowed any of them by law or other agreement shall be cumulative
and not exclusive of any other, and may be exercised by the Holders or the Trustee at any time or from time to time. 
 The Guarantor hereby
represents and warrants that: 
 (a) the Guarantor is duly organized, validly existing and in good standing as a corporation under the laws of the State of
Delaware and has full corporate power to execute, deliver and perform this Guarantee; 
 (b) the execution, delivery and performance of this Guarantee have
been and remain duly authorized by all necessary corporate action and do not contravene any provision of the Guarantor’s certificate of incorporation or by-laws, as amended to date, or any law, regulation, rule, decree, order, judgment or
contractual restriction binding on the Guarantor or its assets; 
 (c) all consents, licenses, clearances, authorizations and approvals of, and
registrations and declarations with, any governmental authority or regulatory body necessary for the due execution, delivery and performance of this Guarantee have been obtained and remain in full force and effect and all conditions thereof have
been duly complied with, and no other action by, and no notice to or filing with, any governmental authority or regulatory body is required in connection with the execution, delivery or performance of this Guarantee; 

(d) this Guarantee constitutes a legal, valid and binding obligation of the Guarantor enforceable against the Guarantor in accordance with its terms, subject
to bankruptcy, insolvency, reorganization, moratorium and other laws of general applicability relating to or affecting creditors’ rights and to general equity principles; and 

(e) there are no actions, suits or arbitration proceedings pending or, to the knowledge of the Guarantor, threatened against it, at law or in equity, which,
individually or in the aggregate, if adversely determined, would materially adversely affect the financial condition of the Guarantor or materially impair its ability to perform its obligations under this Guarantee. 

The Guarantor may not assign its obligations hereunder to any person (except as permitted by the Indenture) without the prior written consent
of the Holders or the Trustee. 







 All payments by the Guarantor to the Holders or the Trustee shall be made in accordance with the
provisions of the Indenture and the Security; provided, however, that payment of any fees or expenses pursuant to the fifth paragraph hereof shall be made by wire transfer of immediately available funds to an account at a commercial bank in the
United States specified to the Guarantor at least ten (10) days in advance of any demand for payment by the Holders or the Trustee. 

All notices or demands on the Guarantor shall be deemed effective when received, shall be in writing and shall be delivered by hand or by
registered mail, or by facsimile transmission promptly confirmed by registered mail, addressed to the Guarantor at: 
 Berkshire Hathaway
Inc. 
 3555 Farnam Street 

Omaha, NE 68131 
 Attention: Chief
Financial Officer 
 Facsimile: (402) 346-3375 

or to such other addresses or facsimile numbers as the Guarantor shall have notified the Holders or the Trustee in a written notice delivered in accordance
with the Indenture. 
 This Guarantee shall remain in full force and effect and shall be binding on the Guarantor, its successors and
assigns until all of the Obligations have been satisfied in full. 
 This Guarantee shall be governed by, and construed in accordance with,
the laws of the State of New York applicable to contracts made and to be performed solely within such State. 
 No amendment or waiver of
any provision of this Guarantee shall in any event be effective unless the same shall be in writing and signed by the Trustee and the Guarantor. 

If for any reason any provision or provisions hereof are determined to be invalid and contrary to any existing or future law, such invalidity
shall not, to the fullest extent permitted by law, impair the operation of or effect of those portions of this Guarantee that are valid. 

THE GUARANTOR WAIVES ANY RIGHT IT MAY HAVE TO A JURY TRIAL IN CONNECTION WITH ANY ACTION, SUIT OR PROCEEDING ARISING OUT OF OR RELATED IN ANY
WAY TO THIS GUARANTEE. 








							
	Dated: March 15, 2016	 		 	BERKSHIRE HATHAWAY INC.
				
		 		 	By:	 	  

		 		 	Name:	 	Marc D. Hamburg
		 		 	Title:	 	Senior Vice President and Chief Financial Officer








 SCHEDULE OF INCREASES OR DECREASES IN GLOBAL SECURITY 

The following increases or decreases in this Debt Security have been made: 

 

									
	 Date of exchange
	 	 Amount of decrease in
principal amount of

this Debt Security
	 	 Amount of increase in

principal amount of this
 Debt
Security
	 	 Principal amount of this

Debt Security following
 such decrease
or increase
	 	 Signature of authorized
signatory of Trustee or

Security Custodian









 ASSIGNMENT 

FOR VALUE RECEIVED, the undersigned assigns and transfers this Debt Security to: 

 

					
		 	  
	  	
			
		 	  
	  	
		 	(Insert assignee’s social security or tax identification number)	  	
			
		 	  
	  	
			
		 	  
	  	
			
		 	  
	  	
		 	(Insert address and zip code of assignee)	  	

 and irrevocably appoints              as agent to transfer
this Debt Security on the Security Register. The agent may substitute another to act for him or her. 
  

			
	                Dated:	 	Signature:
		
		 	Signature Guarantee:

 (Sign exactly as your name appears on the other side of this Debt Security) 

Signatures must be guaranteed by an “eligible guarantor institution” meeting the requirements of the Security Registrar, which
requirements include membership or participation in the Security Transfer Agent Medallion Program (“STAMP”) or such other “signature guarantee program” as may be determined by the Security Registrar in addition to, or in
substitution for, STAMP, all in accordance with the Securities Exchange Act of 1934, as amended.