Form of Floating Rate Notes due 2011



 Exhibit 4.3 
 UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY (55 WATER STREET, NEW YORK, NEW YORK) (THE “DEPOSITORY”) TO THE ISSUER OR ITS AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE OR
PAYMENT, AND ANY CERTIFICATE ISSUED IS REGISTERED IN THE NAME OF CEDE & CO., OR SUCH OTHER NAME AS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY AND ANY PAYMENT IS MADE TO CEDE & CO., ANY TRANSFER,
PLEDGE OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL SINCE THE REGISTERED OWNER HEREOF, CEDE & CO., HAS AN INTEREST HEREIN. 
  

			
	REGISTERED	 	REGISTERED

 THE DOW CHEMICAL COMPANY 
 Floating Rate Notes due 2011 
  

			
	 CUSIP NO. 260543 CB 7
	 	
	 ISIN NO. US260543CB74
	 	
	 No. R-[    ]
	 	US$[                    ]

 THE DOW CHEMICAL COMPANY, a Delaware corporation (herein called the “Company,” which
term includes any successor corporation under the Indenture hereinafter referred to), for value received, hereby promises to pay to CEDE & CO., or registered assigns, the principal sum of
[                    ] DOLLARS
(US$[                    ]) on August 8, 2011, 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 thereon quarterly on each February 8, May 8, August 8 and November 8 (each an “Interest Payment Date”), commencing November 8, 2009
and at maturity on said principal sum, 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, at the rate specified on the reverse hereof, or as may be
adjusted pursuant to the terms hereof, from the most recent Interest Payment Date next preceding the date of this Security to which interest has been paid, unless the date hereof is a date to which interest has been paid, in which case from the date
of this Security, or unless no interest has been paid on this Security, in which case from August 7, 2009, until payment of said principal sum has been made or duly provided for. Payments of such principal and interest shall be made at the
office or agency of the Company in Chicago, Illinois, which, subject to the right of the Company to vary or terminate the appointment of such agency, shall initially be at the principal office of The Bank of New York Mellon Trust Company, N.A., Two
North LaSalle Street, Chicago, Illinois 60602; provided, that payment of interest may be made at the option of the Company by check mailed to the address of the person entitled thereto as such address shall appear on the Security register;
provided, further that so long as CEDE & CO. or another nominee of the Depository is the registered owner of this Security payments of principal and interest will be made in immediately available funds through the
Depository’s Same-Day Funds Settlement System. Notwithstanding the foregoing, if the date hereof is after a Record 








 
Date (as defined below) and before the related Interest Payment Date, this Security shall bear interest from such related Interest Payment Date;
provided, that if the Company shall default in the payment of interest due on such Interest Payment Date, then this Security shall bear interest from the next preceding Interest Payment Date, to which interest has been paid or, if no interest
has been paid on this Security, from August 7, 2009. The interest payable on any Interest Payment Date will, subject to certain exceptions provided in the Indenture referred to on the reverse hereof, be paid to the person in whose name this
Security is registered at the close of business on the fifteenth (15th) calendar day immediately preceding such Interest Payment Date (whether or not a Business Day) (each a “Record Date”), and the interest payable at maturity will be
payable to the person to whom the principal hereof shall be payable. 
 Reference is made to the further provisions of this Security 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 Security shall not be valid or become obligatory for any purpose until the certificate of authentication hereon shall have been signed by the Trustee under the Indenture referred to on the reverse hereof. 
 [Signatures appear on next page] 
  

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 IN WITNESS WHEREOF, THE DOW CHEMICAL COMPANY has caused this instrument to be signed by facsimile by its
duly authorized representative. 
 Dated: August 7, 2009 
  

									
	Attest:	 		 	THE DOW CHEMICAL COMPANY
					
	By:	 	  
	 		 	By:	 	  

		 	W. Michael McGuire	 		 		 	Fernando Ruiz
		 	Assistant Secretary	 		 		 	Corporate Vice President and Treasurer

  

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 TRUSTEE’S CERTIFICATE OF AUTHENTICATION 
 This is one of the Securities of the series designated herein referred to in the within-mentioned Indenture. 
  

			
	The Bank of New York Mellon Trust Company, N.A., as Trustee
		
	By:	 	  

		 	Authorized Signatory


  

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 THE DOW CHEMICAL COMPANY 
 Floating Rate Notes due 2011 
 Section 1. General. This Note is one
of a duly authorized issue of securities of the Company (herein called the “Securities”), issued and to be issued in one or more series under an Indenture, dated as of May 1, 2008 (the “Indenture”), between The Dow Chemical
Company (the “Company”) and The Bank of New York Mellon Trust Company, N.A., as trustee (herein called the “Trustee”, which term includes any successor trustee under the Indenture), to which Indenture and all indentures
supplemental thereto reference is hereby made for a statement of the respective rights, limitations of rights, duties and immunities thereunder of the Company, the Trustee and the Holders of the Securities and of the terms upon which the Securities
are, and are to be, authenticated and delivered. This Security is one of the Securities of the series designated on the face hereof. 
 Section 2. Interest Rate. The interest rate on this Security will be reset quarterly on February 8, May 8, August 8 and November 8 of each year, commencing November 8, 2009 (each, an
“Interest Reset Date”). This Security will bear interest at a per annum rate equal to three-month LIBOR (as defined below) for the applicable Interest Reset Period or Initial Interest Period (each as defined below) plus 2.25% (225 basis
points). The interest rate for the Initial Interest Period will be three-month LIBOR, determined as of August 5, 2009, plus 2.25% per annum. The “Initial Interest Period” is the period from August 7, 2009 to but excluding
November 8, 2009. Thereafter, each “Interest Reset Period” will be the period from and including an Interest Reset Date to but excluding the immediately succeeding Interest Reset Date; provided that the final Interest Reset
Period will be the period from and including the Interest Reset Date immediately preceding the maturity date of this Security to but excluding the maturity date. 
 If any Interest Reset Date would otherwise be a day that is not a Business Day (as defined below), the Interest Reset Date will be postponed to the immediately succeeding day that is a Business Day, except that if
that Business Day is in the immediately succeeding calendar month, the Interest Reset Date will be the immediately preceding Business Day. 
 The interest rate in effect on each day will be (i) if that day is an Interest Reset Date, the interest rate determined as of the Interest Determination Date (as defined below) immediately preceding such Interest Reset Date or
(ii) if that day is not an Interest Reset Date, the interest rate determined as of the Interest Determination Date immediately preceding the most recent Interest Reset Date or the original issue date, as the case may be. 
 The interest rate applicable to each Interest Reset Period commencing on the related Interest Reset Date, or the date of original issuance in the case of
the Initial Interest Period, will be the rate determined as of the applicable Interest Determination Date. The “Interest Determination Date” will be the second London business day immediately preceding the date of original issuance, in the
case of the initial Interest Reset Period, or thereafter the applicable Interest Reset Date. 
  

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 The Bank of New York Mellon Trust Company, N.A., or its successor appointed by the Company, will act as
calculation agent. Three-month LIBOR will be determined by the calculation agent as of the applicable Interest Determination Date in accordance with the following provisions: 
 (i) LIBOR is the rate for deposits in U.S. dollars for the 3-month period which appears on Bloomberg Page BBAM1 (as defined below) at
approximately 11:00 a.m., London time, on the applicable Interest Determination Date. “Bloomberg Page BBAM1” means the display designated on page “BBAM1” on the Bloomberg Service (or such other page as may replace the BBAM1 page
on that service, any successor service or such other service or services as may be nominated by the British Bankers’ Association for the purpose of displaying London interbank offered rates for U.S. dollar deposits). If no rate appears on
Bloomberg Page BBAM1, LIBOR for such Interest Determination Date will be determined in accordance with the provisions of paragraph (ii) below. 
 (ii) With respect to an Interest Determination Date on which no rate appears on Bloomberg Page BBAM1 as of approximately 11:00 a.m., London time, on such Interest Determination Date, the calculation agent shall
request the principal London offices of each of four major reference banks (which may include affiliates of Banc of America Securities LLC, Citigroup Global Markets) in the London interbank market selected by the calculation agent (after
consultation with the Company) to provide the calculation agent with a quotation of the rate at which deposits of U.S. dollars having a three-month maturity, commencing on the second London business day (as defined below) immediately following such
Interest Determination Date, are offered by it to prime banks in the London interbank market as of approximately 11:00 a.m., London time, on such Interest Determination Date in a principal amount equal to an amount of not less than U.S. $1,000,000
that is representative for a single transaction in such market at such time. If at least two such quotations are provided, LIBOR for such Interest Determination Date will be the arithmetic mean of such quotations as calculated by the calculation
agent. If fewer than two quotations are provided, LIBOR for such Interest Determination Date will be the arithmetic mean of the rates quoted as of approximately 11:00 a.m., New York City time, on such Interest Determination Date by three major banks
(which may include affiliates of Banc of America Securities LLC, Citigroup Global Markets Inc., HSBC Securities (USA) Inc. and Morgan Stanley & Co. Incorporated) selected by the calculation agent (after consultation with the Company) for
loans in U.S. dollars to leading European banks having a three-month maturity commencing on the second London business day immediately following such Interest Determination Date and in a principal amount equal to an amount of not less than U.S.
$1,000,000 that is representative for a single transaction in such market at such time; provided, however, that if the banks selected as aforesaid by the calculation agent are not quoting such rates as mentioned in this sentence, LIBOR for
such Interest Determination Date will be LIBOR determined with respect to the immediately preceding Interest Determination Date. 
  

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 All percentages resulting from any calculation of any interest rate for this Security will be rounded, if
necessary, to the nearest one hundred thousandth of a percentage point, with five one-millionths of a percentage point rounded upward (e.g., 9.876545% (or .09876545) would be rounded to 9.87655% (or .0987655), and all dollar amounts will be rounded
to the nearest cent, with one-half cent being rounded upward. 
 Promptly upon such determination, the calculation agent will notify the
Company and the Trustee (if the calculation agent is not the Trustee) of the interest rate for the new Interest Reset Period. 
 All
calculations made by the calculation agent for the purposes of calculating interest on this Security shall be conclusive and binding on the holders and the Company, absent manifest errors. 
 A business day with respect to the Securities means (i) any day, other than a Saturday or Sunday, that is neither a legal holiday nor a day on which
banking institutions are authorized or required by law or regulation to close in The City of New York and (ii) that is also a “London business day” (as defined below). A “London business day” with respect to the Securities
means a day on which dealings in deposits in U.S. dollars are transacted in the London interbank market. 
 Section 3. Interest Rate
Adjustment. The interest rate payable on this Security shall be subject to adjustments from time to time if either Moody’s (as defined below) or S&P (as defined below) or, if either Moody’s or S&P ceases to rate the Securities
or fails to make a rating of the Securities publicly available for reasons outside of the Company’s control, a “nationally recognized statistical rating organization” within the meaning of Rule 15c3-1(c)(2)(vi)(F) under the Exchange
Act, selected by us as a replacement agency for Moody’s or S&P (a “substitute rating agency”) downgrades (or subsequently upgrades) the credit rating assigned to the Securities, in the manner described below. 
 If the rating from Moody’s (or any substitute rating agency thereof) of the Securities is decreased to a rating set forth in the immediately
following table, the interest rate on this Security will increase such that it will equal the interest rate otherwise in effect (as determined pursuant to Section 2 above) 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
	  	1.00	% 


	 	



	 	*	Including the equivalent ratings of any substitute rating agency. 

 If the rating from S&P (or any substitute rating agency thereof) of the Securities is decreased to a rating set forth in the immediately following table, the interest rate on this Security will increase such that it will equal the
interest rate otherwise in effect (as determined pursuant to Section 2 above) 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
	  	1.00	% 


	 	



	 	*	Including the equivalent ratings of any substitute rating agency. 

  

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 If at any time the interest rate on this Security has been adjusted upward and either Moody’s or
S&P (or, in either case, a substitute rating agency thereof), as the case may be, subsequently increases its rating of the Securities to any of the threshold ratings set forth above, the interest rate on this Security will be decreased such that
the interest rate for this Security equals the interest rate otherwise in effect (as determined pursuant to Section 2 above) 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 thereof) subsequently increases its rating of the Securities 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 this Security will be decreased to the interest rate otherwise in effect (as determined pursuant to Section 2
above). In addition, the interest rates on this Security 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 Securities become rated
A-3 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 Securities
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 thereof), shall be made independent of any and all other adjustments. In no event shall (1) the interest rate for this Security be reduced to below the
interest rate otherwise in effect (as determined pursuant to Section 2 above) or (2) the total increase in the interest rate on this Security exceed 2.00% above the interest rate otherwise in effect (as determined pursuant to
Section 2 above). 
 No adjustments in the interest rate of the Securities shall be made solely as a result of a rating agency ceasing
to provide a rating of the Securities. If at any time fewer than two rating agencies provide a rating of the Securities for a reason beyond the Company’s control, the Company will use its commercially reasonable efforts to obtain a rating of
the Securities 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 this Security pursuant to the tables above (a) such
substitute rating agency will be substituted for the last rating agency to provide a rating of the Securities but which has since ceased to provide such rating, (b) the relative rating scale used by such 

  

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substitute rating agency to assign ratings to senior unsecured debt will be determined in good faith 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 this Security will increase or decrease, as the case may be, such that the interest rate equals the interest rate otherwise in effect (as determined pursuant to Section 2 above) 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 rating agency provides a rating of the Securities, any subsequent increase or decrease in the interest rate of the Securities 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 Securities, the interest rate on this Security will increase to, or remain at, as the case
may be, 2.00% above the interest rate otherwise in effect (as determined pursuant to Section 2 above). 
 Any interest rate increase or
decrease described above will take effect from the first day of the interest period commencing after the date on which a rating change occurs that requires an adjustment in the interest rate. If Moody’s or S&P (or, in either case, a
substitute rating agency thereof) changes its rating of the Securities more than once during any particular interest period, the last change by such agency will control for purposes of any interest rate increase or decrease with respect to the
Securities described above relating to such rating agency’s action. 
 If the interest rate payable on this Security is increased as
described above the term “interest,” as used with respect to this Security, will be deemed to include any such additional interest unless the context otherwise requires. 
 Section 4. Redemption; Sinking Fund. The Securities are not redeemable prior to maturity. The Securities will not be subject to any sinking
fund. 
 Section 5. Repurchase at the Option of Holders Upon Change of Control Repurchase Event. 
 (a) If a Change of Control Repurchase Event (as defined below) occurs, unless the Company has exercised its right to redeem the Securities as provided in
Section 3 above, the Company will make an offer to each Holder of Securities to repurchase all or any part (in integral multiples of $1,000 and no Security of a principal amount of $2,000 or less will be repurchased in part) of that
Holder’s Securities at a repurchase price in cash equal to 101% of the aggregate principal amount of Securities repurchased plus any accrued and unpaid interest on the Securities repurchased to the date of purchase. 
 (b) 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 

  

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Control Repurchase Event and offering to repurchase Securities 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 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. 
 (c) 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 Securities as a result of a
Change of Control Repurchase Event. To the extent that the provisions of any securities laws or regulations conflict with this Section 4, the Company will comply with the applicable securities laws and regulations and will not be deemed to have
breached its obligations under this Section 4 by virtue of such conflict. 
 (d) On the Change of Control Repurchase Event payment date,
the Company will, to the extent lawful: 
 (i) accept for payment all Securities or portions of Securities (in integral
multiples of $1,000) properly tendered pursuant to the aforementioned offer; 
 (ii) deposit with the paying agent an amount
equal to the aggregate purchase price in respect of all Securities or portions of Securities properly tendered; and 
 (iii)
deliver or cause to be delivered to the Trustee the Securities properly accepted, together with an Officer’s Certificate stating the aggregate principal amount of Securities being purchased by the Company. 
 (e) The paying agent will promptly mail to each Holder of Securities properly tendered the purchase price for the Securities, 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 Securities surrendered; provided, that each new Security will be in a minimum
principal amount of $2,000 or an integral multiple of $1,000 above that amount. 
 (f) The Company will not be required to make an offer to
repurchase the Securities 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 Securities properly tendered and not withdrawn under its offer. 
 (g) The following terms for purposes of this Section 3 shall have
the respective meanings specified below: 
 “Below Investment Grade Rating Event” means the rating on the Securities is lowered by
each of the Rating Agencies and the Securities are rated below Investment Grade by each of the Rating Agencies on any date from the date of the public notice of an 

  

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arrangement that could result in a Change of Control until the end of the 60-day period following public notice of the occurrence of a Change of Control
(which period shall be extended so long as the rating of the Securities is under publicly announced consideration for possible downgrade 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 hereunder) if any of the Rating Agencies making the reduction in rating to which this definition would otherwise apply does 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 Below
Investment Grade Rating Event). 
 “Change of Control” means the occurrence of any of the following: 
 (1) 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 those of its subsidiaries taken as a whole to any “person” or “group” (as those terms are used for purposes of
Section 13(d)(3) of the Exchange Act), other than the Company or one or more of its subsidiaries; 
 (2) the
consummation of any transaction or series of related transactions (including, without limitation, any merger or consolidation) the result of which is that any “person” or “group” (as those terms are used for purposes of
Section 13(d)(3) of the Exchange Act), other than the Company or one of its wholly-owned subsidiaries, becomes the beneficial owner, directly or indirectly, of more than 50% of the then outstanding number of shares of the Company’s Voting
Stock, measured by voting power rather than number of shares; 
 (3) the Company consolidates with, or merges with or into,
any Person, or any Person consolidates with, or merges with or into, the Company, in any such event pursuant to a transaction in which any of the outstanding Voting Stock of the Company or such other Person is converted into or exchanged for cash,
securities or other property, other than any such transaction where the shares of the Voting Stock of the Company outstanding immediately prior to such transaction constitute, or are converted into or exchanged for, a majority of the Voting Stock of
the surviving Person or any direct or indirect parent Company of the surviving Person immediately after giving effect to such transaction; 
 (4) the first day on which a majority of the members of the Company’s Board of Directors are not Continuing Directors; or 
 (5) the adoption of a plan relating to the Company’s liquidation or dissolution. 
  

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 Notwithstanding the foregoing, a transaction will not be considered to be a Change of Control under clause (2) above
if (a) the Company becomes a direct or indirect wholly-owned subsidiary of a holding company and (b) (y) immediately following that transaction, the direct or indirect Holders of the Voting Stock of the holding company are
substantially the same as the Holders of the Company’s Voting Stock immediately prior to that transaction or (z) immediately following that transaction, no person (as that term is used in Section 13(d) (3) of the Exchange Act) is
the beneficial owner, directly or indirectly, of more than 50% of the Voting Stock of the holding company. 
 “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, any member of the Company’s Board of Directors who (1) was a member of such Board of Directors on the date of the issuance of the Securities; 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 (either by a specific vote or by approval of our proxy statement in
which such member was named as a nominee for election as a director). 
 “Fitch” means Fitch Ratings Ltd. 
 “Investment Grade” means a rating of BBB- or better by Fitch (or its equivalent under any successor rating categories of Fitch), Baa3 or better
by Moody’s (or its equivalent under any successor rating categories of Moody’s) and a rating of BBB- or better by S&P (or its equivalent under any successor rating categories of S&P) or the equivalent investment grade credit rating
from any additional Rating Agency or Rating Agencies selected by the Company. 
 “Moody’s” means Moody’s Investors
Service Inc. 
 “Rating Agency” means (1) each of Fitch, Moody’s and S&P; and (2) if any of Fitch, Moody’s
or S&P ceases to rate the Securities or fails to make a rating of the Securities publicly available for reasons outside of the Company’s control, a “nationally recognized statistical rating organization” within the meaning of Rule
15c3-1(c)(2)(vi)(F) under the Exchange Act, selected by the Company as a replacement agency for Fitch, Moody’s or S&P, as the case may be. 
 “S&P” means Standard & Poor’s Ratings Services, a division of McGraw-Hill, Inc. 
 “Voting
Stock” means, with respect to any person, capital stock of any class or kind the Holders of which are ordinarily, in the absence of contingencies, entitled to vote for the election of directors (or persons performing similar functions) of such
person, even if the right so to vote has been suspended by the happening of such a contingency. 
  

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 Section 6. Events of Default. If an Event of Default with respect to Securities of this
series shall occur and be continuing, the principal of the Securities of this series may be declared due and payable in the manner and with the effect provided in the Indenture. 
 Section 7. Modifications and Waivers; Obligation of the Company Absolute. The Indenture permits, with certain exceptions as therein provided,
the amendment thereof and the modification of the rights and obligations of the Company and the rights of the Holders of the Securities of each series to be affected under the Indenture at any time by the Company and the Trustee with the consent of
the Holders of at least a majority in principal amount of the Securities at the time Outstanding of each series to be affected. The Indenture also contains provisions permitting the Holders of specified percentages in principal amount of the
Securities of each series at the time Outstanding, on behalf of the Holders of all Securities of such series, to waive compliance by the Company with certain provisions of the Indenture and certain past defaults under the Indenture and their
consequences. Any such consent or waiver by the Holder of this Security shall be conclusive and binding upon such Holder and upon all future Holders of this Security and of any Security issued upon the registration of transfer hereof or in exchange
herefor or in lieu hereof, whether or not notation of such consent or waiver is made upon this Security. 
 No reference herein to the
Indenture and no provision of this Security or of the Indenture shall alter or impair the obligation of the Company, which is absolute and unconditional, to pay the principal of and interest on this Security at the times, places and rate, and in the
coin or currency, herein prescribed. 
 Section 8. Authorized Denominations. The Securities are issuable in registered form,
without coupons, in denominations of $2,000 and any integral multiple of $1,000 in excess thereof. As provided in the Indenture, and subject to certain limitations therein set forth and to the limitations described below, if applicable, Securities
of this series are exchangeable for a like aggregate principal amount of Securities of this series and of like tenor of a different authorized denomination, as requested by the Holder surrendering the same. 
 Section 9. Registration of Transfer. As provided in the Indenture and subject to certain limitations therein set forth, the transfer of this
Security is registrable in the Security register upon surrender of this Security for registration of transfer at the office or agency of the Company maintained for that purpose in the City of Chicago, duly endorsed by, or accompanied by a written
instrument of transfer in form satisfactory to the Company and the securities registrar (which shall initially be the Trustee, Two North LaSalle Street, Chicago, Illinois 60602 (Attention: Corporate Trust Department) or at such other address as it
may designate as its principal corporate trust office in the City of Chicago), duly executed by the Holder hereof or his attorney duly authorized in writing, and thereupon one or more new Securities of this series and of like tenor, of authorized
denominations and for the same aggregate principal amount, will be issued to the designated transferee or transferees. 
 This Security is
exchangeable only if (x) the Depository notifies the Company that it is unwilling or unable to continue as Depository for this Security or if at any time the Depository ceases to be a clearing agency registered under the Securities Exchange Act
of 1934, as amended, (y) the Company in its sole discretion determines that this Security shall be exchangeable 

  

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for certificated Securities in registered form or (z) an Event of Default, or an event which with the passage of time or the giving of notice would
become an Event of Default, with respect to the Securities represented hereby has occurred and is continuing, provided that the definitive Securities so issued in exchange for this permanent Security shall be in denominations of $2,000 and any
integral multiple of $1,000 in excess thereof and be of like aggregate principal amount and tenor as the portion of this permanent Security to be exchanged, and provided further that, unless the Company agrees otherwise, Securities of this series in
certificated registered form will be issued in exchange for this permanent Security, or any portion hereof, only if such Securities in certificated registered form were requested by written notice to the Trustee or the Securities Registrar by or on
behalf of a person who is beneficial owner of an interest hereof given through the Holder hereof. Except as provided above, owners of beneficial interests in this permanent Security will not be entitled to receive physical delivery of Securities in
certificated registered form and will not be considered the Holders thereof for any purpose under the Indenture. 
 No service charge
shall be made for any such registration of transfer or exchange, but the Company may require payment of a sum sufficient to cover any tax or other governmental charge payable in connection therewith. 
 Section 10. Owners. Prior to due presentment of this Security for registration of transfer, the Company, the Trustee and any agent of the
Company or the Trustee may treat the Person in whose name this Security is registered as the owner hereof for all purposes, whether or not this Security is overdue, and neither the Company, the Trustee nor any such agent shall be affected by notice
to the contrary. 
 Section 11. No Recourse Against Certain Persons. No recourse for the payment of the principal or interest on
this Security, or for any claim based hereon or otherwise in respect hereof, and no recourse under or upon any obligation, covenant or agreement of the Company in the Indenture or any Supplemental Indenture thereto or in any Security, or because of
the creation of any indebtedness represented thereby, shall be had against any incorporator, stockholder, officer or director, as such, past, present or future, of the Company or of any successor corporation of either of them, either directly or
through the Company or any successor corporation of either of them, whether by virtue of any constitution, statute or rule or law or by the enforcement of any assessment or penalty or otherwise, all such liability being by the acceptance hereof and
as a condition of and as part of the consideration for the issue hereof, expressly waived and released. 
 Section 12.
Defeasance. The Indenture with respect to any series will be discharged and cancelled except for certain Sections thereof, subject to the terms of the Indenture, upon payment of all of the Securities of such series or upon the irrevocable
deposit with the Trustee of cash or U.S. Government Obligations (or a combination thereof) sufficient for such payment in accordance with Article Ten of the Indenture. 
 Section 13. Governing Law; Jurisdiction. The Indenture and the Securities shall be governed by and construed in accordance with the laws of the State of New York. 
  

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 Section 14. Defined Terms. All terms used in this Security which are defined in the Indenture
shall have the meanings assigned to them in the Indenture. 
  

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 ABBREVIATIONS 
 The following abbreviations, when used in the inscription on the face of this instrument, shall be construed as though they were written out in full according to applicable laws or regulations: 
 TEN COM - as tenants in common 
 TEN ENT -
as tenants by the entireties 
 JT TEN - as joint tenants with right of survivorship and not as tenants in common 
  

							
	UNIF GIFT MIN ACT -	 	  
	  		  	
		 	(Minor)	  		  	
				
	Custodian	 	  
	  		  	
		 	(Cust)	  		  	

  

							
	Under Uniform Gifts to Minors Act	  	  
	  		  	
		  	(State)	  		  	

 Additional abbreviations may also be used though not in the above list. 
  

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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 TYPEWRITE NAME AND ADDRESS INCLUDING POSTAL ZIP CODE OF ASSIGNEE 
  

			
	  
	 	
		
	  
	 	
		
	  
	 	

 the within Security and all rights thereunder, hereby irrevocably constituting and appointing
            
                                         
            attorney to transfer said Security on the books of the Company, with full power of substitution in the premises. 
  

			
	Dated:	 	  

		
	Signature:	 	  


  

			
	NOTICE:	  	THE SIGNATURE TO THIS ASSIGNMENT MUST CORRESPOND WITH THE NAME AS WRITTEN UPON THE FACE OF THE WITHIN INSTRUMENT IN EVERY PARTICULAR, WITHOUT ALTERATION OR ENLARGEMENT OR ANY CHANGE WHATEVER.


  

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