exv4w2



 







EXHIBIT 4.2




     THIS NOTE IS A GLOBAL NOTE WITHIN THE MEANING OF THE INDENTURE HEREINAFTER REFERRED TO AND IS
REGISTERED IN THE NAME OF A DEPOSITARY OR A NOMINEE OF A DEPOSITARY. THIS NOTE IS EXCHANGEABLE FOR
NOTES REGISTERED IN THE NAME OF A PERSON OTHER THAN THE DEPOSITARY OR ITS NOMINEE ONLY IN THE
LIMITED CIRCUMSTANCES DESCRIBED IN THE INDENTURE, AND NO TRANSFER OF THIS NOTE (OTHER THAN A
TRANSFER OF THIS NOTE AS A WHOLE BY THE DEPOSITARY TO A NOMINEE OF THE DEPOSITARY OR ANOTHER
NOMINEE OF THE DEPOSITARY) MAY BE REGISTERED EXCEPTED IN LIMITED CIRCUMSTANCES.





 









 








MOTOROLA, INC.

6.000% Senior Note due November 15, 2017




	 	 	 
	Number R-1

	 	CUSIP NO.: 620076AZ2






     Unless this certificate is presented by an authorized representative of The Depository Trust
Company, a New York corporation (“DTC”), to the Issuer (as defined below) or its agent for
registration of 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.



     MOTOROLA, INC., a Delaware corporation (the “Issuer”, which term includes any successor
corporation under the Senior Indenture hereafter referred to), for value received, hereby promises
to pay to Cede & Co. or registered assigns, at the office or agency of the Issuer in the Borough of
Manhattan, The City of New York, or at such other locations as the Issuer may from time to time
designate, the principal sum of FOUR HUNDRED MILLION DOLLARS on November 15, 2017, in such coin or
currency of the United States of America as at the time of payment shall be legal tender for the
payment of public and private debts, and to pay interest, semiannually on May 15 and November 15 of
each year, commencing May 15, 2008, on the original principal amount hereof at said office or
agency, in like coin or currency, at the rate per annum specified in the title of this Note, from
the May 15 or the November 15, as the case may be, next preceding the date of this Note to which
interest has been paid or duly provided for, unless the date hereof is a date to which interest has
been paid or duly provided for, in which case from the date of this Note, or unless no interest has
been paid on the Notes (as defined below) or duly provided for, in which case from November 1,
2007, until payment of the principal amount hereof has been made or duly provided for; provided,
that payment of interest may be made at the option of the Issuer by check mailed by first class
mail to the address of the person entitled thereto as such address shall appear on the Security
Register. Notwithstanding the foregoing, if the date hereof is after May 1 or November 1 as the
case may be, and before the following May 15 or November 15, this Note shall bear interest from
such May 15 or November 15; provided, that if the Issuer shall default in the payment of interest
due on such May 15 or November 15, then this Note shall bear interest from the next preceding May
15 or November 15, to which interest has been paid or duly provided for or, if no interest has been
paid on the Notes or duly provided for, from November 1, 2007. The interest so payable on any May
15 or November 15 will, subject to certain exceptions provided in the Senior Indenture referred to
on the reverse hereof, be paid to the person in whose name this Note (or one or more predecessor
Notes) is registered at the close of business on the May 1 or November 1 (whether or not a Business
Day), as the case may be, next preceding such May 15 or November 15. Interest will be computed on
the basis of a 360-day year of twelve 30-day months.



     Reference is made to the further provisions of this Note set forth on the reverse hereof.
Such further provisions shall for all purposes have the same effect as though fully set forth at
this place.



 









 






     This Note shall not be valid or become obligatory for any purpose until the certificate of
authentication hereon shall have been executed by the Trustee under the Senior Indenture referred
to on the reverse hereof by manual signature.



     IN WITNESS WHEREOF, Motorola, Inc. has caused this instrument to be signed by one of its duly
authorized officers and has caused a facsimile of its corporate seal to be affixed hereunto or
imprinted hereon.



	 	 	 	 	 	 	 
	 	 	MOTOROLA, INC.	 	 
	 
	 	 	 	 	 	 
	 

	 	By:	 	 	 	 
	 

	 	 	 	 	 	 
	 

	 	Its:	 	 	 	 
	 

	 	 	 	 	 	 





	 	 	 	 	 
	ATTEST:	 	 
	 
	 	 	 	 
	 	 	 
	Its:
	 	 	 	 
	 

	 	 	 	 
	 
	 	 	 	 
	TRUSTEE’S CERTIFICATE	 	 
	OF AUTHENTICATION	 	 
	This is one of the Securities referred to in the within-mentioned Senior Indenture.
	 
	 	 	 	 
	THE BANK OF NEW YORK TRUST COMPANY,	 	 
	N.A., as Trustee	 	 
	 
	 	 	 	 
	By:
	 	 	 	 
	 

	 	 	 	 
	Its:
	 	 	 	 
	 

	 	 	 	 






 









 








[REVERSE OF NOTE]




MOTOROLA, INC.

6.000% Senior Note due November 15, 2017




     This Note is one of a duly authorized issue of debentures, notes, bonds or other evidences of
indebtedness of the Issuer (hereinafter called the “Securities”) of the series hereinafter
specified, all issued or to be issued under and pursuant to a Senior Indenture dated as of May 1,
1995 (herein called the “Senior Indenture”), duly executed and delivered by the Issuer to The Bank
of New York Trust Company, N.A., as trustee (herein called the “Trustee”), to which Senior
Indenture and all indentures supplemental thereto reference is hereby made for a description of the
rights, limitations of rights, obligations, duties and immunities thereunder of the Trustee, the
Issuer and the Holders of the Securities. The Securities may be issued in one or more series,
which different series may be issued in various aggregate principal amounts, may mature at
different times, may bear interest (if any) at different rates, may be subject to different
redemption provisions (if any) and may otherwise vary as provided in the Senior Indenture. This
Note is one of a series designated as the 6.000% Senior Notes due November 15, 2017 (the “Notes”)
of the Issuer. The Notes are initially limited in aggregate principal amount of $400,000,000;
provided, however, that the Issuer may, without the consent of the Holders of the Notes, create and
issue additional notes ranking equally with the Notes and otherwise similar in all respects so that
such further notes would be consolidated and form a single series of the Notes.



     Except as otherwise provided in the Senior Indenture, this Note will be issued in global form
only registered in the name of the Depositary or its nominee. This Note will not be issued in
definitive form, except as otherwise provided in the Senior Indenture, and ownership of this Note
shall be maintained in book-entry form by the Depositary for the accounts of participating
organizations of the Depositary.



Optional Redemption




     The Notes shall be redeemable at the option of the Issuer, in whole at any time or in part
from time to time (each a “Redemption Date”), at a redemption price equal to the greater of the
following amounts, plus, in each case, accrued and unpaid interest thereon to, but not including,
the Redemption Date: (i) 100% of the aggregate principal amount of the Notes to be redeemed on the
Redemption Date, or (ii) as determined by the Independent Investment Banker, the sum of the present
values of the Remaining Scheduled Payments (not including any portion of payments of interest
accrued as of the Redemption Date) discounted to the Redemption Date on a semi-annual basis at the
Treasury Rate plus 0.30% (30 basis points). The redemption price shall be calculated assuming a
360-day year consisting of twelve 30-day months. Notwithstanding the foregoing, installments of
interest on Notes that are due and payable on an interest payment date falling on or prior to the
relevant Redemption Date shall be payable to the Holders of such Notes registered as such at the
close of business on the relevant record date according to their terms and the provisions of the
Senior Indenture.



     “Comparable Treasury Issue” means the United States Treasury security selected by an
Independent Investment Banker as having an actual or interpolated maturity comparable to the



 









 







remaining term of the Notes to be redeemed that would be utilized, at the time of selection and in
accordance with customary financial practice, in pricing new issues of corporate debt securities of
comparable maturity to the remaining term of such Notes.



     “Comparable Treasury Price” means, with respect to any Redemption Date, (1) the arithmetic
average of the Reference Treasury Dealer Quotations for such Redemption Date after excluding the
highest and lowest Reference Treasury Dealer Quotations, or (2) if the trustee obtains fewer than
four Reference Treasury Dealer Quotations, the arithmetic average of all Reference Treasury Dealer
Quotations for such Redemption Date.



     “Independent Investment Banker” means one of the Reference Treasury Dealers, or their
respective successors, as may be appointed from time to time by the Issuer; provided, however, that
if the foregoing ceases to be a primary U.S. Government securities dealer in New York City (a
“Primary Treasury Dealer”), the Issuer shall substitute another Primary Treasury Dealer.



     “Reference Treasury Dealer” means J.P. Morgan Securities Inc., Citigroup Global Markets Inc.
and Deutsche Bank Securities Inc., and each of their respective successors (each, a “Primary
Treasury Dealer”), and any other Primary Treasury Dealers selected by the Issuer.



     “Reference Treasury Dealer Quotations” means, with respect to each Reference Treasury Dealer
and any Redemption Date, the arithmetic average, as determined by the Trustee, of the bid and asked
prices for the Comparable Treasury Issue (expressed in each case as a percentage of its principal
amount) quoted in writing to the Trustee by such Reference Treasury Dealer as of 5:00 p.m., New
York City time, on the third Business Day preceding such Redemption Date.



     “Remaining Scheduled Payments” means, with respect to any Note to be redeemed, the remaining
scheduled payments of the principal thereof and interest thereon that would be due after the
related Redemption Date but for such redemption; provided, however, that, if such Redemption Date
is not an interest payment date with respect to such Note, the amount of the next scheduled
interest payment thereon shall be reduced by the amount of interest accrued thereon to such
Redemption Date.



     “Treasury Rate” means, with respect to any Redemption Date, the rate per annum equal to the
semi-annual equivalent yield to maturity (computed as of the third Business Day immediately
preceding that Redemption Date) of the Comparable Treasury Issue. In determining this rate, the
Issuer shall assume a price for the Comparable Treasury Issue (expressed as a percentage of its
principal amount) equal to the Comparable Treasury Price for such Redemption Date.



     Notice of any redemption will be mailed at least 30 days but not more than 60 days before the
Redemption Date to each holder of the notes to be redeemed. Once notice of redemption is mailed,
the Notes called for redemption will become due and payable on the Redemption Date and at the
applicable redemption price, plus accrued and unpaid interest to the Redemption Date.



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     Unless the Issuer defaults in payment of the redemption price, on and after the Redemption
Date interest shall cease to accrue on the notes, or portions thereof, called for redemption. On or
before the Redemption Date, the Issuer shall deposit with a paying agent (or the trustee) money
sufficient to pay the redemption price of and accrued interest on the Notes to be redeemed on that
date. If less than all of the notes are to be redeemed, the Notes to be redeemed shall be selected
by the Trustee by a method the Trustee deems to be fair and appropriate.



Change of Control




     If a change of control repurchase event (as defined below) occurs, unless the Issuer has
exercised its right to redeem the Notes as described above, the Issuer shall be required to make an
offer to each Holder of the Notes to repurchase all or any part (in excess of $2,000 and in
integral multiples of $1,000 in excess thereof) of that Holder’s notes at a repurchase price in
cash equal to 101% of the aggregate principal amount of the Notes repurchased plus any accrued and
unpaid interest on the Notes repurchased to, but not including, the date of repurchase. Within 30
days following any change of control repurchase event or, at the option of the Issuer, prior to any
change of control, but after the public announcement of the change of control, the Issuer shall
mail a notice to each holder, with a copy to the Trustee, describing the transaction or
transactions that constitute or may constitute the change of control repurchase event and offering
to repurchase the notes on the payment date specified in the notice, which date shall be no earlier
than 30 days and no later than 60 days from the date such notice is mailed (the “change of control
payment date”). The notice shall, if mailed prior to the date of consummation of the change of
control, state that the offer to purchase is conditioned on a change of control repurchase event
occurring on or prior to the change of control payment date. The Issuer shall comply with the
requirements of Rule 14e-1 under the Exchange Act, and any other securities laws and regulations to
the extent those laws and regulations are applicable in connection with the repurchase of the Notes
as a result of a change of control repurchase event. To the extent that the provisions of any
securities laws or regulations conflict with the change of control repurchase event provisions of
the Notes, the Issuer shall comply with the applicable securities laws and regulations and shall
not be deemed to have breached its obligations under the change of control repurchase event
provisions of the Notes by virtue of compliance with such securities laws or regulations.



     On the repurchase date following a change of control repurchase event, the Issuer shall, to
the extent lawful:




	 	(1)	 	accept for payment all the Notes or portions of the Notes properly
tendered pursuant to its offer;
	 
	 	(2)	 	deposit with the paying agent an amount equal to the aggregate purchase
price in respect of all the Notes or portions of the Notes properly tendered; and
	 
	 	(3)	 	deliver or cause to be delivered to the Trustee the Notes properly
accepted, together with an officers’ certificate stating the aggregate principal
amount of Notes being purchased by the Issuer.




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     The paying agent shall promptly mail to each Holder of Notes properly tendered the purchase
price for the Notes, and the Trustee shall promptly authenticate and mail (or cause to be
transferred by book-entry) to each Holder a new note equal in principal amount to any
unpurchased portion of any Notes surrendered.



     The Issuer shall not be required to make an offer to repurchase the notes upon a change of
control repurchase event if a third party makes such an offer in the manner, at the times and
otherwise in compliance with the requirements for an offer made by the Issuer and such third party
purchases all Notes properly tendered and not withdrawn under its offer.



     For purposes of the foregoing discussion of a repurchase at the option of Holders, the
following definitions are applicable:



     “change of control” means the occurrence of any of the following: (1) the direct or indirect
sale, lease, transfer, conveyance or other disposition (other than by way of merger or
consolidation), in one or a series of related transactions, of all or substantially all of the
properties or assets of the Issuer and its subsidiaries taken as a whole to any “person” (as that
term is used in Section 13(d) and Section 14(d) of the Exchange Act) or group of related “persons”
other than the Issuer or its subsidiaries; (2) the adoption of a plan relating to the Issuer’s
liquidation or dissolution; (3) the consummation of any transaction (including, without limitation,
any merger or consolidation) the result of which is that any “person” (as defined above) or group
of related “persons” becomes the beneficial owner (as defined in Rules 13d-3 and 13d-5 of the
Exchange Act), directly or indirectly, of more than 50% of the combined voting power of the
Issuer’s stock or other voting stock into which the Issuer’s voting stock is reclassified,
consolidated, exchanged or changed, measured by voting power rather than number of shares; or (4)
the first day on which a majority of the members of the board of directors of the Issuer are not
continuing directors.



     “change of control repurchase event” means the occurrence of both a change of control and a
ratings event.



     “continuing directors” means, as of any date of determination, any member of the board of
directors of the Issuer who (1) was a member of such board of directors on the date of the issuance
of the Notes; or (2) was nominated for election or elected to such board of directors with the
approval of a majority of the continuing directors who were members of such board of directors at
the time of such nomination or election.



     “investment grade” means a rating of Baa3 or better by Moody’s (or its equivalent under any
successor rating categories of Moody’s); a rating of BBB- or better by S&P (or its equivalent under
any successor rating categories of S&P); and the equivalent investment grade credit rating from any
additional rating agency or rating agencies selected by the Issuer.



     “Moody’s” means Moody’s Investors Service Inc. and its successors.



     “rating agency” means (1) each of Moody’s and S&P; and (2) if either of Moody’s or S&P ceases
to rate the Notes or fails to make a rating of the Notes publicly available for reasons



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outside of the control of the Issuer, a “nationally recognized statistical rating organization”
within the meaning of Section 3(a)(62) of the Exchange Act, selected by the Issuer (as certified by
a resolution of the board of directors of the Issuer) as a replacement agency for Moody’s or S&P,
or both, as the case may be.



     “rating category” means (i) with respect to S&P, any of the following categories: BBB, BB, B,
CCC, CC, C and D (or equivalent successor categories); (ii) with respect to Moody’s, any of the
following categories: Baa, Ba, B, Caa, Ca, C and D (or equivalent successor categories); and (iii)
the equivalent of any such category of S&P or Moody’s used by another rating agency. In determining
whether the rating of the Notes has decreased by one or more gradations, gradations within rating
categories (+ and — for S&P; 1, 2 and 3 for Moody’s; or the equivalent gradations for another
Rating Agency) shall be taken into account (e.g., with respect to S&P, a decline in a rating from
BB+ to BB, as well as from BB- to B+, will constitute a decrease of one gradation).



     “rating date” means the date which is 90 days prior to the earlier of (i) a change of control
or (ii) public notice of the occurrence of a change of control or of the intention by the Issuer to
effect a change of control.



     “ratings event” means the occurrence of the events described in (a) or (b) below on, or within
60 days after the earlier of, (i) the occurrence of a change of control or (ii) public notice of
the occurrence of a change of control or the intention by the Issuer to effect a change of control
(which period shall be extended so long as the rating of the notes is under publicly announced
consideration for a possible downgrade by any of the rating agencies): (a) in the event the Notes
are rated by both rating agencies on the rating date as investment grade, the rating of the Notes
shall be reduced so that the Notes are rated below investment grade by both rating agencies, or (b)
in the event the Notes (1) are rated investment grade by one rating agency and below investment
grade by the other rating agency, the rating of the Notes by either rating agency shall be
decreased by one or more gradations (including gradations within rating categories, as well as
between rating categories) so that the Notes are then rated below investment grade by both rating
agencies or (2) are rated below investment grade by both rating agencies on the rating date, the
rating of the Notes by either rating agency shall be decreased by one or more gradations (including
gradations within rating categories, as well as between rating categories). Notwithstanding the
foregoing, a ratings event otherwise arising by virtue of a particular reduction in rating shall
not be deemed to have occurred in respect of a particular change of control (and thus shall not be
deemed a ratings event for purposes of the definition of change of control repurchase event
hereunder) if the rating agencies making the reduction in rating to which this definition would
otherwise apply do not announce or publicly confirm or inform the Trustee in writing at its request
that the reduction was the result, in whole or in part, of any event or circumstance comprised of
or arising as a result of, or in respect of, the applicable change of control (whether or not the
applicable change of control shall have occurred at the time of the ratings event).



     “S&P” means Standard & Poor’s Rating Services, a division of The McGraw-Hill Companies, Inc.,
and its successors.



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     “voting stock” of any specified “person” (as that term is used in Section 13(d)(3) of the
Exchange Act) as of any date means the capital stock of such person that is at the time entitled to
vote generally in the election of the board of directors of such person.



Events of Default




     In case an Event of Default with respect to the Notes shall have occurred and be continuing,
the principal hereof may be declared, and upon such declaration shall become, due and payable, in
the manner, with the effect and subject to the conditions provided in the Senior Indenture.



Amendments




     The Senior Indenture contains provisions permitting the Issuer and the Trustee, with the
consent of the Holders of not less than a majority in aggregate principal amount of the Securities
of all series issued under such Senior Indenture then Outstanding and affected, voting as one
class, to add any provisions to, or change in any manner or eliminate any of the provisions of,
such Senior Indenture or modify in any manner the rights of the Holders of the Securities of each
series so affected; provided that the Issuer and the Trustee may not, without the consent of the
Holder of each Security affected thereby, (i) extend the stated maturity of the principal of any
Security, or reduce the principal amount thereof or reduce the rate or extend the time of payment
of interest thereon, or reduce any amount payable on redemption thereof or change the currency in
which the principal thereof (including any amount in respect of original issue discount), premium,
if any, or interest thereon is payable or reduce the amount of any original issue discount security
payable upon acceleration or provable in bankruptcy or impair the right to institute suit for the
enforcement of any payment on any Security when due or (ii) reduce the aforesaid percentage in
principal amount of Securities of any series issued under such Senior Indenture, the consent of the
Holders of which is required for any such modification. It is also provided in the Senior
Indenture that, with respect to certain defaults or Events of Default regarding the Securities of
any series, prior to any declaration accelerating the maturity of such Securities, the Holders of a
majority in aggregate principal amount Outstanding of the Securities of such series (or, in the
case of certain defaults or Events of Default, all or certain series of the Securities) may on
behalf of the Holders of all the Securities of such series (or all or certain series of the
Securities, as the case may be) waive any such past default or Event of Default and its
consequences. The preceding sentence shall not, however, apply to a default in the payment of the
principal or interest on any of the Securities. Any such consent or waiver by the Holder of this
Note (unless revoked as provided in the Senior Indenture) shall be conclusive and binding upon such
Holder and upon all future Holders and owners of this Note and any Notes which may be issued in
exchange or substitution hereof or on registration of transfer hereof, irrespective of whether or
not any notation thereof is made upon this Note or such other Notes.



Payment




     No reference herein to the Senior Indenture and no provision of this Note or of the Senior
Indenture shall alter or impair the obligation of the Issuer, which is absolute and unconditional,
to pay the principal of and interest on this Note in the manner, at the respective times, at the
rate and in the coin or currency herein prescribed.



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Transfer, Registration and Exchange




     Upon due presentment for registration of transfer of this Note at the office or agency of the
Issuer in the Borough of Manhattan, The City of New York, or at such other locations as the Issuer
may from time to time designate, a new Note or Notes of authorized denominations for an equal
aggregate principal amount will be issued to the transferee in exchange therefor, subject to the
limitations provided in the Senior Indenture, without charge except for any tax or other
governmental charge imposed in connection therewith.



     The Notes are issuable only in registered form without coupons in denominations of $2,000 and
in multiples of $1,000 in excess thereof at the office or agency of the Issuer in the Borough of
Manhattan, The City of New York, or at such other locations as the issuer may from time to time
designate, and in the manner and subject to the limitations provided in the Senior Indenture, but
without the payment of any service charge, Notes may be exchanged for a like aggregate principal
amount of Notes of other authorized denominations.



     The Issuer, the Trustee and any authorized agent of the Issuer or the Trustee may deem and
treat the registered Holder hereof as the absolute owner of this Note (whether or not this Note
shall be overdue and notwithstanding any notation of ownership or other writing hereon), for the
purpose of receiving payment of, or on account of, the principal hereof and subject to the
provisions on the face hereof, interest hereon, and for all other purposes, and none of the Issuer,
the Trustee or any authorized agent of the Issuer or the Trustee shall be affected by any notice to
the contrary.



     No recourse under or upon any obligation, covenant or agreement of the Issuer in the Senior
Indenture or any indenture supplemental thereto or in any Note, or because of the creation of any
indebtedness represented thereby, shall be had against any incorporator, stockholder, officer or
director, as such, of the Issuer or of any successor corporation, either directly or through the
Issuer or any successor corporation, under any rule of law, statute or constitutional provision or
by the enforcement of any assessment or by any legal or equitable proceeding or otherwise, all such
liability being expressly waived and released by the acceptance hereof and as part of the
consideration of the issue hereof.



     The Notes are not entitled to any sinking fund.



     This Note shall for all purposes be governed by, and construed in accordance with, the laws of
the State of New York.



     Terms used herein which are defined in the Senior Indenture shall have the respective meanings
assigned thereto in the Senior Indenture.



* * * *




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FOR VALUE RECEIVED, the undersigned hereby sell(s), assign(s) and transfer(s) unto:




	 	 	 
	 
	(Please insert social security or other identifying number of assignee)

	 
	 	 
	 
	(Please print or type name and address including zip code of assignee)






the within Note and all rights thereunder, hereby irrevocably constituting and appointing such
person attorney to transfer such Note on the books of the Issuer, with full power of substitution
in the premises.




	 	 	 	 	 
	Dated

	 	 	 Signed: 	 
	 

	 	 
	 	 




NOTICE: The signature to this assignment 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:




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