Certificate of Designated Officers of Whirlpool Corporation



 Exhibit 4.1 
 WHIRLPOOL CORPORATION 
 Certificate of Designated Officers 
 May 4, 2009 
 Pursuant to Sections 2.01,
2.03 and 11.05 of the Indenture, dated as of March 20, 2000 (the “Indenture”), between Whirlpool Corporation (the “Company”) and U.S. Bank National Association (as successor to Citibank, N.A.), as Trustee (the
“Trustee”), and pursuant to resolutions adopted by the Board of Directors of the Company on December 15, 1999; August 8, 2005; October 15, 2007; and February 17, 2009 (the “Company
Resolutions”), the undersigned officers of the Company do hereby certify that there is hereby approved and established pursuant to the Indenture (i) $350,000,000 aggregate principal amount of the Company’s 8.000% Notes due 2012
under the Indenture whose terms shall be as set forth in Annex A attached hereto (the “2012 Notes”) and (ii) $500,000,000 aggregate principal amount of the Company’s 8.600% Notes due 2014 under the Indenture whose terms
shall be as set forth in Annex B attached hereto (the “2014 Notes” and, together with the 2012 Notes, the “Securities”). 
 The undersigned officers (i) have read the applicable provisions of the Indenture, (ii) have reviewed the forms and terms of each of the Securities, (iii) in the opinion of the undersigned, have made
such examination or investigation as is necessary to enable the undersigned to express an informed opinion as to whether or not the applicable conditions precedent under the Indenture have been complied with, (iv) hereby certify that the
applicable conditions precedent under the Indenture have been complied with and (v) hereby certify that the forms and terms of each of the Securities comply with the Indenture. 
 Capitalized terms used but not defined herein have the meanings ascribed thereto in the Indenture. 







 IN WITNESS WHEREOF, each of the undersigned has signed his or her name as of the date first written
above. 
  

			
	 /s/ ROBERT J. LAFOREST

	Name:	 	Robert J. LaForest
	Title:	 	Vice President, Associate
		 	General Counsel and Assistant Secretary
	
	 /s/ MARGARET M. MCLEOD

	Name:	 	Margaret M. McLeod
	Title:	 	Vice President and Treasurer









 ANNEX A 
 8.000% Notes due 2012 
 1 . The title of the Securities shall be the “8.000% Notes due
2012” (the “Notes”). 
 2 . The aggregate principal amount of the Notes which may be authenticated and delivered under
the Indenture is initially limited to $350,000,000 (except for such Securities authenticated and delivered upon registration of transfer of, or in exchange for, or in lieu of, other Notes pursuant to Section 2.08, 2.09, 2.11 or 12.03 of the
Indenture). Additional Notes ranking equally with the Notes in all respects (or in all respects other than the payment of interest accruing prior to the issue date of such further Notes or except for the first payment of interest following
the issue date of such further Notes) may be authenticated and delivered under the Indenture from time to time, without notice to or the consent of the registered Holders of the Notes, provided that if such further Notes are not fully
fungible with the Notes for U.S. federal income tax purposes, the Company will cause such further Notes to be issued under a CUSIP number that is different from the CUSIP number printed on the Notes. Such further Notes may be consolidated and form a
single series with the Notes and have the same terms as to status, redemption or otherwise as the Notes. 
 3 . The Notes shall be offered at
an offering price equal to 99.889% of their principal amount, plus accrued interest, if any, from May 4, 2009 to the date of delivery, and in payment for which the Company shall receive 99.489% of their principal amount, plus accrued interest,
if any, from May 4, 2009 to the date of delivery, after a discount to the underwriters of the Notes of 0.400% of their principal amount. 
 4 . The stated maturity of the principal of the Notes shall be May 1, 2012. 
 5 . The Notes will bear interest at a fixed rate
of 8.000% per annum. 
 Interest on the Notes will accrue from May 4, 2009, or from the most recent interest payment date to which interest has
been paid or provided for, but excluding the relevant interest payment date. The Company will make interest payments on the Notes semiannually in arrears on May 1 and November 1 of each year, beginning on November 1, 2009, to the
person in whose name such Notes are registered at the close of business on the immediately preceding April 15 or October 15, as applicable. Interest on the Notes will be computed on the basis of a 360-day year of twelve 30-day months.

 If an interest payment date for the Notes falls on a day that is not a Business Day, the interest payment shall be postponed to the next succeeding
Business Day, and no interest on such payment shall accrue for the period from and after such interest payment date. 







 The interest rate on the Notes is subject to adjustment from time to time on the terms set forth in the body of the Note
in the event of certain rating agency downgrades and/or upgrades. 
 6 . The Notes will be redeemable at the option of the Company on the
terms described in the body of the Note. Other than with respect to a Change of Control Repurchase Event (as defined in the body of the Note), the Notes will not be repayable at the option of the Holders prior to its stated maturity date. The Notes
will not be subject to any sinking fund. 
 7 . The Notes will be issued in registered, book-entry form only without interest coupons in
denominations of $1,000 and integral multiples of $1,000 in excess thereof. 
 8 . The Notes shall be in such form or forms as may be
approved by the authorized officers of the Company as provided in the Company Resolutions, such approval to be evidenced by the authorized officers’ manual or facsimile signature on the Notes, provided that such form or forms of the
Notes are not inconsistent with the requirements of the Indenture or the Company Resolutions and are substantially in the form or forms attached hereto as Exhibit A-1. 
 9 . The Notes shall be issued in the form of one or more Global Securities registered in the name of The Depository Trust Company or its nominee, to be deposited with, or on behalf of, The Depository Trust Company,
New York, New York. 
 10 . Payments of principal of, interest on, and any other amounts payable with respect to the Notes are to be
denominated in Dollars. 
 11 . The Notes are not issuable in Tranches. 
 12 . The Notes are not convertible into Securities of any other Series. 
 13 . Both Section 10.1(B)(ii) and Section 10.1(B)(iii) of the Indenture apply to the Notes. 
  

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 EXHIBIT A-1 
 [FORM OF FACE OF NOTE] 
 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 THEREOF. THIS NOTE MAY NOT BE EXCHANGED IN WHOLE OR IN PART FOR A NOTE REGISTERED, AND NO TRANSFER OF THIS NOTE 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 (“DTC”), A NEW YORK CORPORATION, TO THE COMPANY 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 IN AS MUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS AN INTEREST HEREIN. 
 Whirlpool Corporation 
 8.000% Notes due 2012 (the “Notes”) 
  

			
	No. 001	  	CUSIP NO. 96332H CC 1
		  	$350,000,000

 WHIRLPOOL CORPORATION, a Delaware corporation (the “Company”), which term
includes any successor under the Indenture hereinafter referred to on the reverse hereof, for value received, promises to pay to CEDE & CO., or its registered assigns, the principal sum of three hundred fifty million dollars ($350,000,000)
or such other amount as indicated on the Schedule of Increases or Decreases in Global Note attached hereto on May 1, 2012. 
 Interest
Rate: 8.000% per annum 
 Interest Payment Dates: May 1 and November 1 of each year, commencing November 1, 2009

  

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 Record Dates: April 15 and October 15 of each year, as applicable 
 Reference is hereby made to the further provisions of this Note set forth on the reverse hereof, which will for all purposes have the same effect as if
set forth at this place. 
 [Signature Page Follows] 
  

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

			
	WHIRLPOOL CORPORATION
		
	By:	 	  

		 	Authorized Signatory
		
	By:	 	  

		 	Authorized Signatory


 Dated: May 4, 2009 
 [INSERT COMPANY SEAL] 
  

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 This is one of the Securities of the Series designated herein referred to in the within-mentioned
Indenture. 
  

					
	Dated: May 4, 2009	 	 U.S. Bank National Association
 (as
successor to Citibank, N.A.), as Trustee

			
		 	By:	 	  

		 		 	Authorized Signatory

  

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 [FORM OF REVERSE OF NOTE] 
 Whirlpool Corporation 
 8.000% Notes due 2012 
 Interest 
 The Company promises to pay
interest on the principal amount of this Note at the rate per annum described above. Interest on the Notes will accrue from May 4, 2009 or from the most recent date to which interest has been paid or provided for, but excluding the relevant
interest payment date. If an interest payment date falls on a day that is not a Business Day, the interest payment date shall be postponed to the next succeeding Business Day, and no interest on such payment shall accrue for the period from and
after such interest payment date. 
 The Company will pay interest semi-annually in arrears on May 1 and November 1 of each year,
commencing on November 1, 2009, to the person in whose name such Notes are registered at the close of business on the immediately preceding April 15 and October 15, as applicable. Interest will be computed on the basis of a 360-day
year of twelve 30-day months. 
 Optional Redemption of Notes 
 The Company may, at its option, redeem the Notes in whole at any time or in part from time to time at a redemption price equal to the greater of
(1) 100% of the principal amount of the Notes to be redeemed and (2) as determined by the Quotation Agent (as defined below), the sum of the present values of the remaining scheduled payments of principal and interest in respect of the
Notes to be redeemed (not including any portion of those payments of interest accrued as of the date of redemption) discounted to the date of redemption (the “Redemption Date”) on a semi-annual basis (assuming a 360-day year
consisting of twelve 30-day months) at the Adjusted Treasury Rate (as defined below) plus 50 basis points plus accrued and unpaid interest to the Redemption Date. 
 Notwithstanding the foregoing, installments of interest on the Notes that are due and payable on interest payment dates falling on or prior to a redemption date will be payable on the interest payment date to the
registered Holders as of the close of business on the relevant record date according to terms hereof and the Indenture. 
  

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 The Company will mail notice of any redemption at least 30 days but not more than 60 days before the
redemption date to each Holder of the Notes being 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. 
 “Adjusted Treasury Rate” means, with respect to any Redemption Date, 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 (expressed as a percentage of its principal amount) equal to the Comparable Treasury Price for that Redemption
Date. 
 “Comparable Treasury Issue” means the United States Treasury security selected by the Quotation Agent as having a
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 those Notes. 
 “Comparable Treasury Price” means, with respect to any Redemption Date, (1) the
average of the Reference Treasury Dealer Quotations for that Redemption Date, after excluding the highest and lowest Reference Treasury Dealer Quotations, or (2) if the Quotation Agent obtains fewer than four Reference Treasury Dealer
Quotations, the average of all Reference Treasury Dealer Quotations so received. 
 “Quotation Agent” means the Reference
Treasury Dealer appointed by the Company. 
 “Reference Treasury Dealer” means each of any four primary U.S. Government
securities dealers in the United States of America selected by the Company. 
 “Reference Treasury Dealer Quotations” means,
with respect to each Reference Treasury Dealer and any Redemption Date, the average, as determined by the Quotation Agent, 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 Quotation Agent by that Reference Treasury Dealer at 5:00 p.m., New York City time, on the third business day preceding that Redemption Date. 
 On and after the redemption date, interest will cease to accrue on the Notes or any portion of the Notes called for redemption (unless the Company defaults in the payment of the redemption price and accrued interest).
On or before the redemption date, the Company will deposit with a paying agent or the Trustee money sufficient to pay the redemption price of and accrued interest on the 

  

 A-8 








 
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. 
 Repurchase Upon Change of Control Repurchase Event 
 If a Change of Control Repurchase Event (as defined below) occurs, unless the Company has exercised its right to redeem the Notes as described above under
“Optional Redemption of the Notes,” the Company will make an offer (the “Change of Control Offer”) to each Holder to repurchase all or any part (in integral multiples of $1,000) of that Holder’s Notes at a
repurchase price in cash equal to 101% of the aggregate principal amount of Notes repurchased plus any accrued and unpaid interest on the Notes repurchased, if any, to the date of purchase (the “Change of Control Payment”). Within
30 days following any Change of Control Repurchase Event or, at the Company’s option, prior to any Change of Control (as defined below), but after the public announcement of an impending Change of Control, the Company will 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 Notes on the payment date specified in the notice, which date
will 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 the Change of Control Repurchase Event occurring on or prior to the payment date specified in the notice. 
 The Company will comply with the requirements of Rule 14e-1 under the Securities Exchange Act of 1934, as amended (the “Exchange Act”), and any other securities laws and regulations thereunder,
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 provisions of the Notes, the Company will comply with the applicable securities laws and regulations and will not be deemed to have breached its obligations under the Change of Control provisions of the Notes by virtue of such
conflict. 
 On the Change of Control Payment Date, the Company will, to the extent lawful: 
 (a) accept for payment all Notes or portions of Notes properly tendered pursuant to the Company’s Change of Control Offer; 
  

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 (b) deposit with the Paying Agent an amount equal to the Change of Control Payment in respect of all
Notes or portions of Notes properly tendered; and 
 (c) 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 or portion of Notes being purchased by the Company. 
 The Paying Agent will promptly mail to each Holder of properly tendered Notes the purchase price for the Notes, and the Trustee will promptly authenticate and mail (or cause to be transferred by book-entry) to each Holder a new Security
equal in principal amount to any unpurchased portion of any Notes surrendered; provided, that each new Security will be in a principal amount of $1,000 or an integral multiple of $1,000 above that amount. 
 The Company will 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 Company and such third party purchases all Notes properly tendered and not withdrawn under its offer. 
 “Below Investment Grade Rating Event” means the rating on the Notes are lowered and the Notes are rated below an Investment Grade Rating
by any two of the three Rating Agencies on any date from the date of the public notice of an arrangement that could result in a Change of Control until the end of the 60-day period following public notice of the occurrence of the Change of Control
(which 60-day period shall be extended so long as the rating of the Notes is under publicly announced consideration for possible downgrade below investment grade by any of the Rating Agencies); provided that a Below Investment Grade Rating 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 Below Investment Grade Rating Event for purposes of the definition of
Change of Control Repurchase Event) 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 the Company’s 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 Below Investment Grade Rating Event). 
 “Change of Control” means the occurrence of any of the following:

  

	 	•	 	 the direct or indirect sale, 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 Company and its subsidiaries taken as a whole to any “person” (as that term is used in Section 13(d)(3) of the Exchange Act) other than the Company or one of its
subsidiaries; 


  

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	 	•	 	 the consummation of any transaction (including, without limitation, any merger or consolidation) the result of which is that any “person” (as that term is
used in Section 13(d)(3) of the Exchange Act) becomes the beneficial owner, directly or indirectly, of more than 50% of the then outstanding number of shares of the Company’s voting stock; or 


  

	 	•	 	 the first day on which a majority of the members of the Company’s Board of Directors are not Continuing Directors. 


 Notwithstanding the foregoing, a transaction will not be deemed to involve a Change of Control if (i) the Company becomes a wholly owned subsidiary
of a holding company that has agreed to be bound by the terms of the Notes and (ii) the holders of the voting stock of such holding company immediately following that transaction are substantially the same as the holders of the Company’s
voting stock immediately prior to that transaction. 
 “Change of Control Repurchase Event” means the occurrence of both a
Change of Control and a Below Investment Grade Rating Event. 
 “Continuing Directors” means, as of any date of
determination, members of the Board of Directors of the Company who (i) were members of such Board of Directors on the date of the issuance of the Notes; or (ii) were nominated for election or elected to such Board of Directors with the
approval of a majority of the continuing directors under clause (i) or (ii) of this definition who were members of such Board of Directors at the time of such nomination or election (either by a specific vote or by approval of the
Company’s proxy statement in which such member was named as a nominee for election as a director, without objection to such nomination). 
 “Fitch” means Fitch, Inc. 
 “Investment Grade Rating” means a rating equal to or higher than Baa3
(or the equivalent) by Moody’s or equal to or higher than BBB– (or the equivalent) by S&P or Fitch, as applicable, and the equivalent investment grade credit rating from any replacement rating agency or rating agencies selected by the
Company. 
  

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 “Moody’s” means Moody’s Investors Service, Inc. 
 “Rating Agencies” means (1) each of Fitch, Moody’s and S&P; and (2) if Fitch, Moody’s or S&P ceases to rate
the Notes or fails to make a rating of the Notes publicly available for reasons outside of the Company’s control, a “nationally recognized statistical rating organization” within the meaning of Section 3(a)(62) of the Exchange
Act, selected by the Company (as certified by a resolution of the Company’s Board of Directors) as a replacement agency for Fitch, Moody’s or S&P, or any of them, as the case may be. 
 “S&P” means Standard & Poor’s Ratings Services, a division of The McGraw-Hill Companies, Inc. 
 “Subsidiary” means a corporation more than 50% of the outstanding voting stock of which is owned, directly or indirectly, by the Company
or by one or more other Subsidiaries, or by the Company and one or more other Subsidiaries. For the purposes of this definition, “voting stock” means stock which ordinarily has voting power for the election of directors, whether at all
times or only so long as no senior class of stock has such voting power by reason of any contingency. 
 Interest Rate Adjustment 

 The interest rate payable on the Notes will be subject to adjustment from time to time if either Moody’s or S&P, or, in either
case, any Substitute Rating Agency downgrades (or downgrades and subsequently upgrades) the debt rating assigned to the Notes, in the manner described below. 
 If the rating from Moody’s (or any Substitute Rating Agency) of the Notes is decreased to a rating set forth in the immediately following table, the interest rate on the Notes will increase such that it will
equal the interest rate payable on the Notes on the date of their issuance plus the percentage set forth opposite the ratings from the table below: 
  

				
	 Moody’s Rating*
	  	Percentage	 
	 Ba1
	  	0.25	%
	 Ba2
	  	0.50	%
	 Ba3
	  	0.75	%
	 B1 or below
	  	1.0	%
	  
	
	 *  Including the equivalent rating of any Substitute Rating Agency.
	     


  

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 If the rating from S&P (or any Substitute Rating Agency) of the Notes is decreased to a rating set forth in the
immediately following table, the interest rate on the Notes will increase such that it will equal the interest rate payable on the Notes on the date of their issuance plus the percentage set forth opposite the ratings from the table below:

  

				
	 S&P Rating*
	  	Percentage	 
	 BB+
	  	0.25	%
	 BB
	  	0.50	%
	 BB-
	  	0.75	%
	 B+ or below
	  	1.0	%
	  
 *  Including the equivalent rating of any Substitute Rating Agency.
	     


 If at any time the interest rate on the Notes has been adjusted upward as a result of a decrease
in a rating by either Moody’s or S&P (or, in either case, a Substitute Rating Agency), as the case may be, and subsequently such rating agency increases its rating of the Notes to any of the threshold ratings set forth above, the interest
rate on the Notes will be decreased such that the interest rate for the Notes will equal the interest rate payable on the Notes on the date of their issuance plus the percentages set forth opposite the ratings from the tables above in effect
immediately following the increase in rating. If Moody’s (or any Substitute Rating Agency) subsequently increases its rating of the Notes to Baa3 (or its equivalent, in the case of a Substitute Rating Agency) or higher, and S&P (or any
Substitute Rating Agency thereof) increases its rating to BBB- (or its equivalent, in the case of a Substitute Rating Agency) or higher, the interest rate on the Notes will be decreased to the interest rate payable on the Notes on the date of their
issuance. In addition, the interest rates on the Notes will permanently cease to be subject to any adjustment described above (notwithstanding any subsequent decrease in the ratings by either or both rating agencies) if the Notes become rated A3 and
A- (or the equivalent of either such rating, in the case of a Substitute Rating Agency) or higher by Moody’s and S&P (or, in either case, a Substitute Rating Agency thereof), respectively (or one of these ratings if the Notes are only rated
by one rating agency). 
 Each adjustment required by any decrease or increase in a rating set forth above, whether occasioned by the action
of Moody’s or S&P (or, in either case, a Substitute Rating Agency), shall be made independent of (and in addition to) any and all other adjustments. In no event shall (1) the interest rate for the Notes be reduced to below the interest
rate payable on the Notes on the date of their issuance or (2) the total increase in the interest rate on the Notes exceed 2.00% above the interest rate payable on the Notes on the date of their issuance. 
  

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 No adjustments in the interest rate of the Notes shall be made solely as a result of a rating agency
ceasing to provide a rating of the Notes. If at any time Moody’s or S&P ceases to provide a rating of the Notes for a reason beyond the Company’s control, the Company will use its commercially reasonable efforts to obtain a rating of
the Notes from a Substitute Rating Agency, to the extent one exists, and if a Substitute Rating Agency exists, for purposes of determining any increase or decrease in the interest rate on the Notes pursuant to the tables above (a) such
Substitute Rating Agency will be substituted for the last rating agency to provide a rating of the Notes but which has since ceased to provide such rating, (b) the relative rating scale used by such Substitute Rating Agency to assign ratings to
senior unsecured debt will be determined in good faith by an independent investment banking institution of national standing appointed by the Company and, for purposes of determining the applicable ratings included in the applicable table above with
respect to such Substitute Rating Agency, such ratings will be deemed to be the equivalent ratings used by Moody’s or S&P, as applicable, in such table and (c) the interest rate on the Notes will increase or decrease, as the case may
be, such that the interest rate equals the interest rate payable on the Notes on the date of their issuance plus the appropriate percentage, if any, set forth opposite the rating from such Substitute Rating Agency in the applicable table above
(taking into account the provisions of clause (b) above) (plus any applicable percentage resulting from a decreased rating by the other rating agency). For so long as only one of Moody’s or S&P provides a rating of the Notes and no
Substitute Rating Agency is offered to replace the other rating agency, any subsequent increase or decrease in the interest rate of the Notes necessitated by a reduction or increase in the rating by the agency providing the rating shall be twice the
percentage set forth in the applicable table above. For so long as none of Moody’s, S&P or a Substitute Rating Agency provides a rating of the Notes, the interest rate on the Notes will increase to, or remain at, as the case may be, 2.00%
above the interest rate payable on the Notes on the date of their issuance. If Moody’s or S&P either ceases to rate the Notes for reasons within the Company’s control or ceases to make a rating of the Notes publicly available for
reasons within the Company’s control, the Company will not be entitled to obtain a rating from a Substitute Rating Agency and the increase or decrease in the interest rate of the Notes shall be determined in the manner described above as if
either only one or no rating agency provides a rating of the Notes, as the case may be. 
 Any interest rate increase or decrease described
above will take effect on the next business day after the rating change has occurred. 
 If the interest rate payable on the Notes is
increased as described above, the term “interest,” as used with respect to the notes, will be deemed to include any such additional interest unless the context otherwise requires. 
  

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 For purposes of the foregoing discussion of an interest rate adjustment, the following definitions are
applicable: 
 “Moody’s” means Moody’s Investors Service, Inc. 
 “S&P” means Standard & Poor’s Ratings Services, a division of The McGraw-Hill Companies, Inc. 
 “Substitute Rating Agency” means, in the Company’s discretion, Fitch, Inc. or any other “nationally recognized statistical
rating organization” within the meaning of Rule 15c3-1(c)(2)(vi)(F) under the Exchange Act selected by us (as certified by a resolution of the Company’s Board of Directors) as a replacement agency for Moody’s or S&P, or either of
them, as the case may be. 
 Paying Agent 
 Initially, U.S. Bank National Association (as successor to Citibank, N.A.) (the “Trustee”) will act as paying agent. The Company may change any paying agent without notice to the Holders. 

Indenture; Defined Terms 
 This
Note is one of the 8.000% Notes due 2012 issued under an Indenture, dated as of March 20, 2000, between the Company and the Trustee (as originally executed and delivered or, if amended or supplemented as therein provided, as so amended or
supplemented or both, and including the forms and terms of particular Series of Securities established as contemplated thereunder, the “Indenture”). 
 Unless otherwise defined herein, capitalized terms herein are used as defined in the Indenture. The terms of the Notes include those stated in the Indenture and those made part of the Indenture by reference to the
Trust Indenture Act of 1939 (15 U.S.C. Sections 77aaa-77bbbb) (the “Trust Indenture Act”), as in effect on the date of the Indenture until such time as the Indenture is qualified under the Trust Indenture Act, and thereafter as in
effect on the date on which the Indenture is qualified under the Trust Indenture Act. Notwithstanding anything to the contrary herein, the Notes are subject to all such terms, and Holders of Notes are referred to the Indenture and the Trust
Indenture Act for a statement of them. To the extent the terms of the Indenture and this Note are inconsistent, the terms of the Indenture shall govern. 
  

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 Denominations; Transfer; Exchange 
 The Notes are in registered form, without coupons, in denominations of $1,000 and integral multiples of $1,000 in excess thereof. A Holder shall register
the transfer or exchange of Notes in accordance with the Indenture. 
 Amendment; Supplement; Waiver 
 Subject to certain exceptions, the Notes and the provisions of the Indenture relating to the Notes may be amended or supplemented and any existing default
or Event of Default or compliance with certain provisions may be waived with the written consent of the Holders of not less than a majority in aggregate principal amount of the Securities at the time Outstanding of each Series (including the Notes)
under the Indenture that are affected by such amendment, supplement or waiver (voting as one class). Without notice to or consent of any Holder, the parties thereto may amend or supplement the Indenture and the Notes to, among other things, cure any
ambiguity, defect or inconsistency or comply with any requirements of the Commission in connection with the qualification of the Indenture under the TIA, or make any other change that does not materially and adversely affect the rights of any Holder
of a Note. 
 Defaults and Remedies 
 If an Event of Default under the Indenture occurs with respect to the Notes and shall not have been remedied or waived, unless the principal of all the Notes shall have already become due and payable, then either the
Trustee or the Holders of not less than 25% in aggregate principal amount at maturity of the Notes then Outstanding, by written notice to the Company (and to the Trustee if given by such Holders), may declare the principal of all the Notes then
Outstanding to be due and payable immediately, together with all accrued and unpaid interest thereon. Holders of Notes may not enforce the Indenture or the Notes except as provided in the Indenture. The Trustee is not obligated to enforce the
Indenture or the Notes unless it has received indemnity as it reasonably requires. The Indenture permits, subject to certain limitations therein provided, Holders of not less than a majority in aggregate principal amount of the Notes then
Outstanding to direct the Trustee in its exercise of any trust or power conferred on the Trustee with respect to the Notes by the Indenture. The Trustee may withhold from Holders of Notes notice of certain continuing defaults or Events of Default if
it determines in good faith that withholding notice is in their interest. 
 Authentication 
 This Note shall not be valid until the Trustee manually signs the certificate of authentication on this Note. 
  

 A-16 








 Abbreviations and Defined Terms 
 Customary abbreviations may be used in the name of a Holder of a Note or an assignee, such as: TEN COM (= tenants in common), TEN ENT (= tenants by
the entireties), JT TEN (= joint tenants with right of survivorship and not as tenants in common), CUST (= Custodian), and U/G/M/A (= Uniform Gifts to Minors Act). 
 CUSIP Numbers 
 Pursuant to a recommendation promulgated by the Committee on Uniform Security
Identification Procedures, the Company has caused CUSIP numbers to be printed on the Notes as a convenience to the Holders of the Notes. No representation is made as to the accuracy of such numbers as printed on the Notes and reliance may be placed
only on the other identification numbers printed hereon. 
 Further Issuances 
 The Company may create and issue additional notes pursuant to the Indenture, provided that if such additional notes are not fully fungible with the
Notes for U.S. federal income tax purposes, the Company will cause such additional notes to be issued under a CUSIP number that is different from the CUSIP number printed on the Notes. 
 Governing Law 
 The laws of the State
of New York shall govern the Indenture and this Note. 
  

 A-17 








 ASSIGNMENT FORM 
 To assign this Note, fill in the form below: 
 I or we assign and transfer this Note to 

									
		 	  
	  	
		 		 	(Print or type assignee’s name, address and zip code)	  		  	


									
		 		 	  
	  		  	
		 		 	(Insert assignee’s soc. sec. or tax I.D. No.)	  		  	

 and irrevocably appoint
                     agent to transfer this Note on the books of the Company. The agent may substitute another to act for him. 
  

			
	  



									
					
	Date:	 	  
	 		  	Your Signature:	  	  

		
	Signature Guarantee:	 	  

		 	(Signature must be guaranteed)
	
	  

	Sign exactly as your name appears on the other side of this Note.

 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 SEC Rule 17Ad-15. 
  

	
	  

	Signature


 Signature Guarantee: 
 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 SEC Rule
17Ad-15. 
  

 A-18 








 SCHEDULE OF INCREASES OR DECREASES IN GLOBAL NOTE 
 The following increases or decreases in this Global Note have been made: 
  

									
	 Date
	 	 Amount of decrease in
Principal Amount of this
Global
Note
	 	 Amount of increase in
Principal Amount of this
Global
Note
	 	 Principal Amount of this
Global Note following such
decrease or
increase
	 	 Signature of authorized
signatory of Trustee or Notes
Custodian


		 		 		 		 	

  

 A-19 








 ANNEX B 
 8.600% Notes due 2014 
 1 . The title of the Securities shall be the “8.600% Notes due
2014” (the “Notes”). 
 2 . The aggregate principal amount of the Notes which may be authenticated and delivered under
the Indenture is initially limited to $500,000,000 (except for such Securities authenticated and delivered upon registration of transfer of, or in exchange for, or in lieu of, other Notes pursuant to Section 2.08, 2.09, 2.11 or 12.03 of the
Indenture). Additional Notes ranking equally with the Notes in all respects (or in all respects other than the payment of interest accruing prior to the issue date of such further Notes or except for the first payment of interest following the issue
date of such further Notes) may be authenticated and delivered under the Indenture from time to time, without notice to or the consent of the registered Holders of the Notes, provided that if such further Notes are not fully fungible with the Notes
for U.S. federal income tax purposes, the Company will cause such further Notes to be issued under a CUSIP number that is different from the CUSIP number printed on the Notes. Such further Notes may be consolidated and form a single series with the
Notes and have the same terms as to status, redemption or otherwise as the Notes. 
 3 . The Notes shall be offered at an offering price
equal to 99.950% of their principal amount, plus accrued interest, if any, from May 4, 2009 to the date of delivery, and in payment for which the Company shall receive 99.350% of their principal amount, plus accrued interest, if any, from
May 4, 2009 to the date of delivery, after a discount to the underwriters of the Notes of 0.600% of their principal amount. 
 4 . The
stated maturity of the principal of the Notes shall be May 1, 2014. 
 5 . The Notes will bear interest at a fixed rate of
8.600% per annum. 
 Interest on the Notes will accrue from May 4, 2009, or from the most recent interest payment date to which
interest has been paid or provided for, but excluding the relevant interest payment date. The Company will make interest payments on the Notes semiannually in arrears on May 1 and November 1 of each year, beginning on November 1,
2009, to the person in whose name such Notes are registered at the close of business on the immediately preceding April 15 or October 15, as applicable. Interest on the Notes will be computed on the basis of a 360-day year of twelve 30-day
months. 
 If an interest payment date for the Notes falls on a day that is not a Business Day, the interest payment shall be postponed to the next
succeeding Business Day, and no interest on such payment shall accrue for the period from and after such interest payment date. 
  

 B-1 








 The interest rate on the Notes is subject to adjustment from time to time on the terms set forth in the body of the Note
in the event of certain rating agency downgrades and/or upgrades. 
 6 . The Notes will be redeemable at the option of the Company on the
terms described in the body of the Note. Other than with respect to a Change of Control Repurchase Event (as defined in the body of the Note), the Notes will not be repayable at the option of the Holders prior to its stated maturity date. The Notes
will not be subject to any sinking fund. 
 7 . The Notes will be issued in registered, book-entry form only without interest coupons in
denominations of $1,000 and integral multiples of $1,000 in excess thereof. 
 8 . The Notes shall be in such form or forms as may be
approved by the authorized officers of the Company as provided in the Company Resolutions, such approval to be evidenced by the authorized officers’ manual or facsimile signature on the Notes, provided that such form or forms of the
Notes are not inconsistent with the requirements of the Indenture or the Company Resolutions and are substantially in the form or forms attached hereto as Exhibit B-1. 
 9 . The Notes shall be issued in the form of one or more Global Securities registered in the name of The Depository Trust Company or its nominee, to be deposited with, or on behalf of, The Depository Trust Company,
New York, New York. 
 10 . Payments of principal of, interest on, and any other amounts payable with respect to the Notes are to be
denominated in Dollars. 
 11 . The Notes are not issuable in Tranches. 
 12 . The Notes are not convertible into Securities of any other Series. 
 13 . Both Section 10.1(B)(ii) and Section 10.1(B)(iii) of the Indenture apply to the Notes. 
  

 B-2 








 EXHIBIT B-1 
 [FORM OF FACE OF NOTE] 
 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 THEREOF. THIS NOTE MAY NOT BE EXCHANGED IN WHOLE OR IN PART FOR A NOTE REGISTERED, AND NO TRANSFER OF THIS NOTE 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 (“DTC”), A NEW YORK CORPORATION, TO THE COMPANY 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 IN AS MUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS AN INTEREST HEREIN. 
 Whirlpool Corporation 
 8.600% Notes due 2014 (the “Notes”) 
  

			
	No. 001	  	CUSIP NO. 96332H CB 3
		  	$500,000,000

 WHIRLPOOL CORPORATION, a Delaware corporation (the “Company”), which term
includes any successor under the Indenture hereinafter referred to on the reverse hereof, for value received, promises to pay to CEDE & CO., or its registered assigns, the principal sum of five hundred million dollars ($500,000,000) or such
other amount as indicated on the Schedule of Increases or Decreases in Global Note of Notes attached hereto on May 1, 2014. 
 Interest
Rate: 8.600% per annum 
 Interest Payment Dates: May 1 and November 1 of each year, commencing November 1, 2009

  

 B-3 








 Record Dates: April 15 and October 15 of each year, as applicable 
 Reference is hereby made to the further provisions of this Note set forth on the reverse hereof, which will for all purposes have the same effect as if
set forth at this place. 
 [Signature Page Follows] 
  

 B-4 








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

			
	WHIRLPOOL CORPORATION
		
	By:	 	  

		 	Authorized Signatory
		
	By:	 	  

		 	Authorized Signatory


 Dated: May 4, 2009 
 [INSERT COMPANY SEAL] 
  

 B-5 








 This is one of the Securities of the Series designated herein referred to in the within-mentioned
Indenture. 
  

					
	Dated: May 4, 2009	 	 U.S. Bank National Association
 (as
successor to Citibank, N.A.), as Trustee

			
		 	By:	 	  

		 		 	Authorized Signatory

  

 B-6 








 [FORM OF REVERSE OF NOTE] 
 Whirlpool Corporation 
 8.600% Notes due 2014 
 Interest 
 The Company promises to pay
interest on the principal amount of this Note at the rate per annum described above. Interest on the Notes will accrue from May 4, 2009 or from the most recent date to which interest has been paid or provided for, but excluding the relevant
interest payment date. If an interest payment date falls on a day that is not a Business Day, the interest payment date shall be postponed to the next succeeding Business Day, and no interest on such payment shall accrue for the period from and
after such interest payment date. 
 The Company will pay interest semi-annually in arrears on May 1 and November 1 of each year,
commencing on November 1, 2009, to the person in whose name such Notes are registered at the close of business on the immediately preceding April 15 and October 15, as applicable. Interest will be computed on the basis of a 360-day
year of twelve 30-day months. 
 Optional Redemption of Notes 
 The Company may, at its option, redeem the Notes in whole at any time or in part from time to time at a redemption price equal to the greater of
(1) 100% of the principal amount of the Notes to be redeemed and (2) as determined by the Quotation Agent (as defined below), the sum of the present values of the remaining scheduled payments of principal and interest in respect of the
Notes to be redeemed (not including any portion of those payments of interest accrued as of the date of redemption) discounted to the date of redemption (the “Redemption Date”) on a semi-annual basis (assuming a 360-day year
consisting of twelve 30-day months) at the Adjusted Treasury Rate (as defined below) plus 50 basis points plus accrued and unpaid interest to the Redemption Date. 
 Notwithstanding the foregoing, installments of interest on the Notes that are due and payable on interest payment dates falling on or prior to a redemption date will be payable on the interest payment date to the
registered Holders as of the close of business on the relevant record date according to terms hereof and the Indenture. 
  

 B-7 








 The Company will mail notice of any redemption at least 30 days but not more than 60 days before the
redemption date to each Holder of the Notes being 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. 
 “Adjusted Treasury Rate” means, with respect to any Redemption Date, 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 (expressed as a percentage of its principal amount) equal to the Comparable Treasury Price for that Redemption
Date. 
 “Comparable Treasury Issue” means the United States Treasury security selected by the Quotation Agent as having a
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 those Notes. 
 “Comparable Treasury Price” means, with respect to any Redemption Date, (1) the
average of the Reference Treasury Dealer Quotations for that Redemption Date, after excluding the highest and lowest Reference Treasury Dealer Quotations, or (2) if the Quotation Agent obtains fewer than four Reference Treasury Dealer
Quotations, the average of all Reference Treasury Dealer Quotations so received. 
 “Quotation Agent” means the Reference
Treasury Dealer appointed by the Company. 
 “Reference Treasury Dealer” means each of any four primary U.S. Government
securities dealers in the United States of America selected by the Company. 
 “Reference Treasury Dealer Quotations” means,
with respect to each Reference Treasury Dealer and any Redemption Date, the average, as determined by the Quotation Agent, 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 Quotation Agent by that Reference Treasury Dealer at 5:00 p.m., New York City time, on the third business day preceding that Redemption Date. 
 On and after the redemption date, interest will cease to accrue on the Notes or any portion of the Notes called for redemption (unless the Company defaults in the payment of the redemption price and accrued interest).
On or before the redemption date, the Company will deposit with a paying agent or the Trustee money sufficient to pay the redemption price of and accrued interest on the 

  

 B-8 








 
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. 
 Repurchase Upon Change of Control Repurchase Event 
 If a Change of Control Repurchase Event (as defined below) occurs, unless the Company has exercised its right to redeem the Notes as described above under
“Optional Redemption of the Notes,” the Company will make an offer (the “Change of Control Offer”) to each Holder to repurchase all or any part (in integral multiples of $1,000) of that Holder’s Notes at a
repurchase price in cash equal to 101% of the aggregate principal amount of Notes repurchased plus any accrued and unpaid interest on the Notes repurchased, if any, to the date of purchase (the “Change of Control Payment”). Within
30 days following any Change of Control Repurchase Event or, at the Company’s option, prior to any Change of Control (as defined below), but after the public announcement of an impending Change of Control, the Company will 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 Notes on the payment date specified in the notice, which date
will 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 the Change of Control Repurchase Event occurring on or prior to the payment date specified in the notice. 
 The Company will comply with the requirements of Rule 14e-1 under the Securities Exchange Act of 1934, as amended (the “Exchange Act”), and any other securities laws and regulations thereunder,
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 provisions of the Notes, the Company will comply with the applicable securities laws and regulations and will not be deemed to have breached its obligations under the Change of Control provisions of the Notes by virtue of such
conflict. 
 On the Change of Control Payment Date, the Company will, to the extent lawful: 
 (a) accept for payment all Notes or portions of Notes properly tendered pursuant to the Company’s Change of Control Offer; 
  

 B-9 








 (b) deposit with the Paying Agent an amount equal to the Change of Control Payment in respect of all
Notes or portions of Notes properly tendered; and 
 (c) 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 or portion of Notes being purchased by the Company. 
 The Paying Agent will promptly mail to each Holder of properly tendered Notes the purchase price for the Notes, and the Trustee will promptly authenticate and mail (or cause to be transferred by book-entry) to each Holder a new Security
equal in principal amount to any unpurchased portion of any Notes surrendered; provided, that each new Security will be in a principal amount of $1,000 or an integral multiple of $1,000 above that amount. 
 The Company will 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 Company and such third party purchases all Notes properly tendered and not withdrawn under its offer. 
 “Below Investment Grade Rating Event” means the rating on the Notes are lowered and the Notes are rated below an Investment Grade Rating
by any two of the three Rating Agencies on any date from the date of the public notice of an arrangement that could result in a Change of Control until the end of the 60-day period following public notice of the occurrence of the Change of Control
(which 60-day period shall be extended so long as the rating of the Notes is under publicly announced consideration for possible downgrade below investment grade by any of the Rating Agencies); provided that a Below Investment Grade Rating 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 Below Investment Grade Rating Event for purposes of the definition of
Change of Control Repurchase Event) 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 the Company’s 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 Below Investment Grade Rating Event). 
 “Change of Control” means the occurrence of any of the following:

  

	 	•	 	 the direct or indirect sale, 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 Company and its subsidiaries 



  

 B-10 









	 	 
taken as a whole to any “person” (as that term is used in Section 13(d)(3) of the Exchange Act) other than the Company or one of its
subsidiaries; 


  

	 	•	 	 the consummation of any transaction (including, without limitation, any merger or consolidation) the result of which is that any “person” (as that term is
used in Section 13(d)(3) of the Exchange Act) becomes the beneficial owner, directly or indirectly, of more than 50% of the then outstanding number of shares of the Company’s voting stock; or 


  

	 	•	 	 the first day on which a majority of the members of the Company’s Board of Directors are not Continuing Directors. 


 Notwithstanding the foregoing, a transaction will not be deemed to involve a Change of Control if (i) the Company becomes a wholly owned subsidiary
of a holding company that has agreed to be bound by the terms of the Notes and (ii) the holders of the voting stock of such holding company immediately following that transaction are substantially the same as the holders of the Company’s
voting stock immediately prior to that transaction. 
 “Change of Control Repurchase Event” means the occurrence of both a
Change of Control and a Below Investment Grade Rating Event. 
 “Continuing Directors” means, as of any date of
determination, members of the Board of Directors of the Company who (i) were members of such Board of Directors on the date of the issuance of the Notes; or (ii) were nominated for election or elected to such Board of Directors with the
approval of a majority of the continuing directors under clause (i) or (ii) of this definition who were members of such Board of Directors at the time of such nomination or election (either by a specific vote or by approval of the
Company’s proxy statement in which such member was named as a nominee for election as a director, without objection to such nomination). 
 “Fitch” means Fitch, Inc. 
 “Investment Grade Rating” means a rating equal to or higher than Baa3
(or the equivalent) by Moody’s or equal to or higher than BBB– (or the equivalent) by S&P or Fitch, as applicable, and the equivalent investment grade credit rating from any replacement rating agency or rating agencies selected by the
Company. 
 “Moody’s” means Moody’s Investors Service, Inc. 
  

 B-11 








 “Rating Agencies” means (1) each of Fitch, Moody’s and S&P; and
(2) if Fitch, Moody’s or S&P ceases to rate the Notes or fails to make a rating of the Notes publicly available for reasons outside of the Company’s control, a “nationally recognized statistical rating organization”
within the meaning of Section 3(a)(62) of the Exchange Act, selected by the Company (as certified by a resolution of the Company’s Board of Directors) as a replacement agency for Fitch, Moody’s or S&P, or any of them, as the case
may be. 
 “S&P” means Standard & Poor’s Ratings Services, a division of The McGraw-Hill Companies, Inc.

 “Subsidiary” means a corporation more than 50% of the outstanding voting stock of which is owned, directly or indirectly,
by the Company or by one or more other Subsidiaries, or by the Company and one or more other Subsidiaries. For the purposes of this definition, “voting stock” means stock which ordinarily has voting power for the election of directors,
whether at all times or only so long as no senior class of stock has such voting power by reason of any contingency. 
 Interest Rate
Adjustment 
 The interest rate payable on the Notes will be subject to adjustment from time to time if either Moody’s or S&P,
or, in either case, any Substitute Rating Agency downgrades (or downgrades and subsequently upgrades) the debt rating assigned to the Notes, in the manner described below. 
 If the rating from Moody’s (or any Substitute Rating Agency) of the Notes is decreased to a rating set forth in the immediately following table, the
interest rate on the Notes will increase such that it will equal the interest rate payable on the Notes on the date of their issuance plus the percentage set forth opposite the ratings from the table below: 
  

				
	 Moody’s Rating*
	  	Percentage	 
	 Ba1
	  	0.25	%
	 Ba2
	  	0.50	%
	 Ba3
	  	0.75	%
	 B1 or below
	  	1.0	%
	  
	
	 *  Including the equivalent rating of any Substitute Rating Agency.
	     


 If the rating from S&P (or any Substitute Rating Agency) of the Notes is decreased to a rating set forth in
the immediately following table, the interest rate on the Notes will increase such that it will equal the interest rate payable on the Notes on the date of their issuance plus the percentage set forth opposite the ratings from the table below:

  

				
	 S&P Rating*
	  	Percentage	 
	 BB+
	  	0.25	%
	 BB
	  	0.50	%
	 BB-
	  	0.75	%
	 B+ or below
	  	1.0	%
	  
	
	 *  Including the equivalent rating of any Substitute Rating Agency.
	     


  

 B-12 








 If at any time the interest rate on the Notes has been adjusted upward as a result of a decrease in a
rating by either Moody’s or S&P (or, in either case, a Substitute Rating Agency), as the case may be, and subsequently such rating agency increases its rating of the Notes to any of the threshold ratings set forth above, the interest rate
on the Notes will be decreased such that the interest rate for the Notes will equal the interest rate payable on the Notes on the date of their issuance plus the percentages set forth opposite the ratings from the tables above in effect immediately
following the increase in rating. If Moody’s (or any Substitute Rating Agency) subsequently increases its rating of the Notes to Baa3 (or its equivalent, in the case of a Substitute Rating Agency) or higher, and S&P (or any Substitute
Rating Agency thereof) increases its rating to BBB- (or its equivalent, in the case of a Substitute Rating Agency) or higher, the interest rate on the Notes will be decreased to the interest rate payable on the Notes on the date of their issuance.
In addition, the interest rates on the Notes will permanently cease to be subject to any adjustment described above (notwithstanding any subsequent decrease in the ratings by either or both rating agencies) if the Notes become rated A3 and A- (or
the equivalent of either such rating, in the case of a Substitute Rating Agency) or higher by Moody’s and S&P (or, in either case, a Substitute Rating Agency thereof), respectively (or one of these ratings if the Notes are only rated by one
rating agency). 
 Each adjustment required by any decrease or increase in a rating set forth above, whether occasioned by the action of
Moody’s or S&P (or, in either case, a Substitute Rating Agency), shall be made independent of (and in addition to) any and all other adjustments. In no event shall (1) the interest rate for the Notes be reduced to below the interest
rate payable on the Notes on the date of their issuance or (2) the total increase in the interest rate on the Notes exceed 2.00% above the interest rate payable on the Notes on the date of their issuance. 
 No adjustments in the interest rate of the Notes shall be made solely as a result of a rating agency ceasing to provide a rating of the Notes. If at any
time Moody’s or S&P ceases to provide a rating of the Notes for a reason beyond the Company’s control, the Company will use its commercially reasonable efforts to obtain a rating of the Notes from a Substitute Rating Agency, to the
extent 

  

 B-13 








 
one exists, and if a Substitute Rating Agency exists, for purposes of determining any increase or decrease in the interest rate on the Notes pursuant to the
tables above (a) such Substitute Rating Agency will be substituted for the last rating agency to provide a rating of the Notes but which has since ceased to provide such rating, (b) the relative rating scale used by such Substitute Rating
Agency to assign ratings to senior unsecured debt will be determined in good faith by an independent investment banking institution of national standing appointed by the Company and, for purposes of determining the applicable ratings included in the
applicable table above with respect to such Substitute Rating Agency, such ratings will be deemed to be the equivalent ratings used by Moody’s or S&P, as applicable, in such table and (c) the interest rate on the Notes will increase or
decrease, as the case may be, such that the interest rate equals the interest rate payable on the Notes on the date of their issuance plus the appropriate percentage, if any, set forth opposite the rating from such Substitute Rating Agency in the
applicable table above (taking into account the provisions of clause (b) above) (plus any applicable percentage resulting from a decreased rating by the other rating agency). For so long as only one of Moody’s or S&P provides a rating
of the Notes and no Substitute Rating Agency is offered to replace the other rating agency, any subsequent increase or decrease in the interest rate of the Notes necessitated by a reduction or increase in the rating by the agency providing the
rating shall be twice the percentage set forth in the applicable table above. For so long as none of Moody’s, S&P or a Substitute Rating Agency provides a rating of the Notes, the interest rate on the Notes will increase to, or remain at,
as the case may be, 2.00% above the interest rate payable on the Notes on the date of their issuance. If Moody’s or S&P either ceases to rate the Notes for reasons within the Company’s control or ceases to make a rating of the Notes
publicly available for reasons within the Company’s control, the Company will not be entitled to obtain a rating from a Substitute Rating Agency and the increase or decrease in the interest rate of the Notes shall be determined in the manner
described above as if either only one or no rating agency provides a rating of the Notes, as the case may be. 
 Any interest rate increase
or decrease described above will take effect on the next business day after the rating change has occurred. 
 If the interest rate payable
on the Notes is increased as described above, the term “interest,” as used with respect to the notes, will be deemed to include any such additional interest unless the context otherwise requires. 
 For purposes of the foregoing discussion of an interest rate adjustment, the following definitions are applicable: 
 “Moody’s” means Moody’s Investors Service, Inc. 
  


 B-14 








 “S&P” means Standard & Poor’s Ratings Services, a division of The
McGraw-Hill Companies, Inc. 
 “Substitute Rating Agency” means, in the Company’s discretion, Fitch, Inc. or any other
“nationally recognized statistical rating organization” within the meaning of Rule 15c3-1(c)(2)(vi)(F) under the Exchange Act selected by us (as certified by a resolution of the Company’s Board of Directors) as a replacement agency
for Moody’s or S&P, or either of them, as the case may be. 
 Paying Agent 
 Initially, U.S. Bank National Association (as successor to Citibank, N.A.) (the “Trustee”) will act as paying agent. The Company may
change any paying agent without notice to the Holders. 
 Indenture; Defined Terms 
 This Note is one of the 8.600% Notes due 2014 issued under an Indenture, dated as of March 20, 2000, between the Company and the Trustee (as
originally executed and delivered or, if amended or supplemented as therein provided, as so amended or supplemented or both, and including the forms and terms of particular Series of Securities established as contemplated thereunder, the
“Indenture”). 
 Unless otherwise defined herein, capitalized terms herein are used as defined in the Indenture. The terms
of the Notes include those stated in the Indenture and those made part of the Indenture by reference to the Trust Indenture Act of 1939 (15 U.S.C. Sections 77aaa-77bbbb) (the “Trust Indenture Act”), as in effect on the date of the
Indenture until such time as the Indenture is qualified under the Trust Indenture Act, and thereafter as in effect on the date on which the Indenture is qualified under the Trust Indenture Act. Notwithstanding anything to the contrary herein, the
Notes are subject to all such terms, and Holders of Notes are referred to the Indenture and the Trust Indenture Act for a statement of them. To the extent the terms of the Indenture and this Note are inconsistent, the terms of the Indenture shall
govern. 
 Denominations; Transfer; Exchange 
 The Notes are in registered form, without coupons, in denominations of $1,000 and integral multiples of $1,000 in excess thereof. A Holder shall register the transfer or exchange of Notes in accordance with the
Indenture. 
 Amendment; Supplement; Waiver 
 Subject to certain exceptions, the Notes and the provisions of the Indenture relating to the Notes may be amended or supplemented and any existing default or Event of Default or compliance with certain provisions may
be waived with the written 

  

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consent of the Holders of not less than a majority in aggregate principal amount of the Securities at the time Outstanding of each Series (including the
Notes) under the Indenture that are affected by such amendment, supplement or waiver (voting as one class). Without notice to or consent of any Holder, the parties thereto may amend or supplement the Indenture and the Notes to, among other things,
cure any ambiguity, defect or inconsistency or comply with any requirements of the Commission in connection with the qualification of the Indenture under the TIA, or make any other change that does not materially and adversely affect the rights of
any Holder of a Note. 
 Defaults and Remedies 
 If an Event of Default under the Indenture occurs with respect to the Notes and shall not have been remedied or waived, unless the principal of all the Notes shall have already become due and payable, then either the
Trustee or the Holders of not less than 25% in aggregate principal amount at maturity of the Notes then Outstanding, by written notice to the Company (and to the Trustee if given by such Holders), may declare the principal of all the Notes then
Outstanding to be due and payable immediately, together with all accrued and unpaid interest thereon. Holders of Notes may not enforce the Indenture or the Notes except as provided in the Indenture. The Trustee is not obligated to enforce the
Indenture or the Notes unless it has received indemnity as it reasonably requires. The Indenture permits, subject to certain limitations therein provided, Holders of not less than a majority in aggregate principal amount of the Notes then
Outstanding to direct the Trustee in its exercise of any trust or power conferred on the Trustee with respect to the Notes by the Indenture. The Trustee may withhold from Holders of Notes notice of certain continuing defaults or Events of Default if
it determines in good faith that withholding notice is in their interest. 
 Authentication 
 This Note shall not be valid until the Trustee manually signs the certificate of authentication on this Note. 
 Abbreviations and Defined Terms 
 Customary abbreviations may be used in the name of a Holder of a Note or an assignee, such as: TEN COM (= tenants in common), TEN ENT (= tenants by the entireties), JT TEN (= joint tenants with right of survivorship and not as tenants
in common), CUST (= Custodian), and U/G/M/A (= Uniform Gifts to Minors Act). 
  

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 CUSIP Numbers 
 Pursuant to a recommendation promulgated by the Committee on Uniform Security Identification Procedures, the Company has caused CUSIP numbers to be printed on the Notes as a convenience to the Holders of the Notes. No
representation is made as to the accuracy of such numbers as printed on the Notes and reliance may be placed only on the other identification numbers printed hereon. 
 Further Issuances 
 The Company may create and issue additional notes pursuant to the Indenture,
provided that if such additional notes are not fully fungible with the Notes for U.S. federal income tax purposes, the Company will cause such additional notes to be issued under a CUSIP number that is different from the CUSIP number printed on
the Notes. 
 Governing Law 
 The laws of the State of New York shall govern the Indenture and this Note. 
  

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 ASSIGNMENT FORM 
 To assign this Note, fill in the form below: 
 I or we assign and transfer this Note to 

									
		 	  
	  	
		 		 	(Print or type assignee’s name, address and zip code)	  		  	


									
		 		 	  
	  		  	
		 		 	(Insert assignee’s soc. sec. or tax I.D. No.)	  		  	

 and irrevocably appoint
                     agent to transfer this Note on the books of the Company. The agent may substitute another to act for him. 
  

			
	  



									
					
	Date:	 	  
	 		  	Your Signature:	  	  

		
	Signature Guarantee:	 	  

		 	(Signature must be guaranteed)
	
	  

	Sign exactly as your name appears on the other side of this Note.

 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 SEC Rule 17Ad-15. 
  

	
	  

	Signature


 Signature Guarantee: 
 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 SEC Rule
17Ad-15. 
  

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 SCHEDULE OF INCREASES OR DECREASES IN GLOBAL NOTE 
 The following increases or decreases in this Global Note have been made: 
  

									
	 Date
	 	 Amount of decrease in
Principal Amount of
 this Global Note
	 	 Amount of increase in
Principal Amount of
 this Global Note
	 	 Principal Amount of
 this Global Note
 following
 such decrease or increase
	 	 Signature of authorized
signatory of Trustee or
 Notes Custodian

		 		 		 		 	

  

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