Document:

EX-10.56

 Exhibit 10.56 

This document constitutes part of a prospectus covering securities that have been registered 

under the Securities Act of 1933. 

PERFORMANCE-BASED STOCK UNIT AGREEMENT 

THIS AGREEMENT, dated as of February 20, 2014, between Lazard Ltd, a Bermuda exempted company (the “Company”), on behalf of its
applicable Affiliate (as defined under the definitional rules of Section 1(a) below), and Kenneth M. Jacobs (the “Employee”). 

W I T N E S S E T H 
 In
consideration of the mutual promises and covenants made herein and the mutual benefits to be derived herefrom, the parties hereto agree as follows: 

    1. Grant and Vesting of Performance-Based Stock Units. 

(a) Subject to the provisions of this Agreement and to the provisions of the Company’s 2008 Incentive Compensation Plan (the
“Plan”) (all capitalized terms used herein, to the extent not defined, shall have the meaning set forth in the Plan), the Company, on behalf of its applicable Affiliate, hereby grants to the Employee, as of the date set forth above (the
“Grant Date”), the target number of performance-based Stock Units (“Stock Units”) specified in Appendix A, each with respect to one Share. Subject to the terms and conditions set forth in this Agreement, the Employee will
actually earn (or be deemed to earn) a number of Stock Units that is between 0% and 200% of the target number of Stock Units subject to this Agreement, such number of earned Stock Units to be determined based on achievement of the performance goals
set forth on Appendix A (the “Performance Conditions”). 
 (b) Subject to the terms and conditions of this Agreement and to the
provisions of the Plan, the Stock Units shall vest and no longer be subject to any restriction if each of the following two conditions has been satisfied: 
  

	 	(i)	The Employee has remained continuously employed by the Company or any of its Affiliates until March 1, 2017 (such date, the “Final Service Date”, and such condition, the “Service Condition”);
and 

  

	 	(ii)	 The Committee concludes that during the period beginning on January 1, 2014 and ending on December 31, 2016 (the “Performance
Period”), the Company has achieved the Performance Conditions and specifies the level at which the Stock Units shall vest, based on the scoring, adjustment and weighting provisions set forth in Appendix A; provided, however, that
the Committee, in its sole discretion, may interpret the goals and scoring set forth in Appendix A as it deems necessary or appropriate (including, without limitation, to the extent necessary to address extraordinary events or circumstances). The
ultimate score achieved based on Appendix A (which may range from 0.0 to 2.0) will be multiplied by the total target number of Stock Units in order to determine the number of Stock Units that may vest upon satisfaction of the Service Condition.
Furthermore, the Committee shall determine, following the end of each fiscal year during 

	 	
the Performance Period and in accordance with the methodology described in the first sentence of this Section 1(b)(ii), the extent to which the Company has achieved the Performance
Conditions with respect to such fiscal year and, in the event that the Performance Conditions in that year have been achieved at the target level (i.e., the 1.0x level) or above, then the Performance Conditions will be deemed satisfied with
respect to twenty-five percent (25%) of the total target number of Stock Units (any such Stock Units that are earned in accordance with this sentence, the “Fiscal Year Stock Units”). Any Fiscal Year Stock Units will vest upon
satisfaction (or deemed satisfaction) of the Service Condition in accordance with Section 1(b)(i) above or Section 1(d) or 1(f) below and will be settled at the time set forth in Section 1(d)(iii) below. In the event that the
Committee makes any conclusion regarding achievement of the Performance Conditions for the full Performance Period (or, in the case of Section 1(d)(i) or 1(f)(i), for a portion thereof), any Fiscal Year Stock Units will be applied to reduce the
number of Stock Units that would otherwise be earned in accordance with this Agreement. 

 (c) Except as set forth in
Section 1(f) below, in the event that the Employee incurs a Termination of Employment prior to the Final Service Date for any reason not set forth in Section 1(d), all unvested Stock Units (and any Remaining Shares (as defined in
Section 1(d)(iii) below)) shall be forfeited by the Employee effective immediately upon such Termination of Employment. For purposes of this Section 1(c), the Employee will be deemed to have incurred a Termination of Employment on the date
that the Employee provides notice of termination to the Company, and accordingly, all unvested Stock Units (and any Remaining Shares) shall be forfeited by the Employee immediately upon delivery of any such notice. In addition, all unvested Stock
Units (excluding any Fiscal Year Stock Units or Dividend Equivalent Stock Units (as defined in Section 4 below)) shall be forfeited by the Employee to the extent that, following the last day of the Performance Period (or such earlier date as
specified in Section 1(d) or 1(f)), the Performance Conditions with respect to such Stock Units have not been satisfied. 
 (d) (i)
Except as set forth in Section 1(f) below, in the event that the Employee incurs a Termination of Employment prior to the Final Service Date due to (A) the Employee’s Disability, (B) the Employee’s death or (C) a Termination of Employment
by the Company other than for Cause, subject to Section 1(e) below, the Stock Units (and any Remaining Shares) held by the Employee on the Date of Termination shall no longer be subject to the Performance Conditions and the Service Condition, and
any Stock Units shall be settled as set forth in Section 1(d)(iii) or Section 2 below but such Stock Units and Remaining Shares shall remain subject to forfeiture pursuant to Section 1(e) through the Final Service Date; provided that, in the
case of a Termination of Employment due to the Employee’s death as described in clause (B) of this Section 1(d)(i) or in the case of the Employee’s death subsequent to a Termination of Employment described in this Section 1(d)(i), the
Stock Units (and any Remaining Shares) will immediately vest upon the date of death and the Stock Units shall be settled through delivery of fully transferable Shares as soon as practicable following such date (or, if applicable, in the event the
Employee’s death occurs more than halfway through a fiscal quarter, as soon as practicable following the date that the Committee determines the extent to which the Performance Conditions have been satisfied for the applicable measurement
period). The Stock Units 

  
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(excluding Fiscal Year Stock Units and Dividend Equivalent Stock Units) shall vest based on (1) the actual performance level during the period beginning on the first day of the Performance
Period and ending on the last day of the most recent fiscal quarter preceding the Date of Termination (or, if the Date of Termination occurs more than halfway through a fiscal quarter, the last day of such current fiscal quarter), as determined by
the Committee, and (2) deemed performance at the target level for the period beginning on the first day of the following fiscal quarter through the last day of the Performance Period. 

 

	 	(ii)	Except as set forth in Section 1(f) below, in the event that the Employee incurs a Termination of Employment prior to the Final Service Date due to the Employee’s Retirement (as defined below), all Stock Units
held by the Employee on the Date of Termination (and any Remaining Shares) shall no longer be subject to the Service Condition and, following satisfaction of the Performance Conditions and subject to Section 1(e), shall be settled as set forth
in Section 1(d)(iii) below (unless already settled pursuant to such section prior to Termination of Employment) but shall remain subject to forfeiture pursuant to Section 1(e) through the Final Service Date (subject to any acceleration of
vesting as otherwise set forth in this Agreement). Such Stock Units (excluding Fiscal Year Stock Units and Dividend Equivalent Stock Units) shall vest at the level determined by the Committee following the last day of the Performance Period, based
on actual performance during the Performance Period. For purposes of this Agreement, the terms “Retirement” and “Retirement Eligibility Date” shall have the meanings set forth in Section 1(g) of this Agreement or any earlier
date on or following September 12, 2014 if the Employee’s spouse dies or becomes disabled. 

  

	 	(iii)	 Subject to the final sentence of Section 2 below and except for any such earlier dates as provided below in the case of Fiscal Year Stock Units and
Dividend Equivalent Stock Units, all Shares underlying the Stock Units for which the Performance Conditions have been satisfied (or are deemed to be satisfied in accordance with Section 1(d)(i) or Section 1(f)(i)) shall be delivered to the Employee
(A) in the case of any Termination of Employment due to Disability, within 30 days following the later of (1) the date that the Employee is no longer required to perform any additional services in order to retain such Stock Units and (2) the date
that the Committee determines the extent to which the Performance Conditions have been satisfied for the applicable measurement period, (B) in the case of a Termination of Employment by the Company other than for Cause, as soon as practicable
following the later of (1) the date that the release described in Section 1(e) below has become effective and irrevocable and (2) the date that the Committee determines the extent to which the Performance Conditions have been satisfied for the
applicable measurement period or (C) in the case of a Change of Control, within 30 days following the occurrence of such Change in Control (the date that Shares are delivered to the Employee is an “Initial Delivery Date”). In the case of
the Fiscal Year Stock Units, the Initial Delivery Date shall occur 

  
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within 30 days following the date that the Committee determines the extent to which the Performance Conditions have been satisfied for the applicable fiscal year. In the case of the Dividend
Equivalent Stock Units, the Initial Delivery Date shall occur within 30 days following the later of (x) September 12, 2014 and (y) the date that the applicable dividend is paid to the Company’s shareholders.
Notwithstanding any provision herein to the contrary, in all cases, the Initial Delivery Date shall not be later than March 15 of the calendar year following the calendar year in which such Stock Units are no longer subject to a
substantial risk of forfeiture within the meaning of Treasury Regulation Section 1.409A-1(d). Except in the case of the delivery of Shares upon (1) the Employee’s death, (2) a Change in Control in which any
of the conditions set forth in clauses (A) and (B) of Section 1(f)(iii) are not satisfied or (3) the Employee’s Termination of Employment upon or immediately following a Change in Control under any of the
circumstances described in Section 1(d)(i) or 1(d)(ii), the Employee agrees to make a timely election (or elections, as necessary) pursuant to Section 83(b) of the Code with respect to all Shares that are delivered to the Employee prior to
January 1, 2017, whether pursuant to this Section 1(d)(iii), Section 1(g)(ii) or any other section of this Agreement. Immediately following the Initial Delivery Date with respect to any Stock Units, subject to approval of the
Compliance Department of the Company or an Affiliate, the Employee will be permitted to dispose of the Applicable Percentage (as defined below) of the Shares (such Shares, the “Transferable Shares”) delivered to the Employee pursuant to
this Section 1(d)(iii) immediately following the date that such Shares are delivered to the Employee. For purposes of this Agreement, the “Applicable Percentage” is the percentage of the Shares delivered to the Employee that the
Company determines, in its sole discretion, is necessary to satisfy the Employee’s tax liability incurred with respect to such Shares on the date that such Shares are delivered to the Employee. All Shares delivered to the Employee on the
Initial Delivery Date that are not Transferable Shares (such Shares, the “Remaining Shares”) will remain subject to the restrictions set forth in this Agreement (including Section 1(e)) until the date that such Remaining Shares
otherwise would have been delivered to the Employee following the Final Service Date or such earlier date on which such Remaining Shares would have been delivered pursuant to this Agreement as a result of the Employee’s death or a Change in
Control (such date, the “Final Delivery Date”). Accordingly, prior to the Final Delivery Date, neither the Employee nor any of the Employee’s creditors or beneficiaries will have the right to subject the Remaining Shares to any
anticipation, alienation, sale, transfer, assignment, pledge, encumbrance, hedge, exchange, attachment or garnishment or any similar transaction. Furthermore, for the avoidance of doubt, the Remaining Shares shall continue to be subject to the
forfeiture provisions set forth in this Agreement relating to violation of the restrictive covenants set forth in Appendix B, which are incorporated herein by reference (the “Restrictive Covenants”) until the Final Delivery Date.

  
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 (e) Notwithstanding any provision of this Agreement to the contrary, in the event that the
Employee incurs a Termination of Employment by the Company other than for Cause (regardless of whether the Retirement Eligibility Date precedes the date of such Termination of Employment) or due to a Retirement in accordance with
Section 1(d)(ii), in each case, prior to a Change in Control, from and after the date of such Termination of Employment, in order for the Stock Units or the Remaining Shares, as applicable, to be treated as provided in Section 1(d), the
Employee must sign a release of claims in favor of the Company and its Affiliates, which requirement shall be satisfied (i) upon a Termination of Employment other than for Cause, by the Employee’s signing the Waiver and General Release
attached as Exhibit A (the “Release”) to Schedule I to the Agreement Relating to Retention and Noncompetition and Other Covenants by and among the Company, Lazard Group LLC and the Employee as amended (“Schedule I”) that is
required to be signed as a condition to receipt of severance benefits, modified as necessary to include the Stock Units or the Remaining Shares, as applicable, as consideration for the Release (it being agreed that the Employee need not sign two
releases) and (ii) upon a Retirement, by the signing of a release that contains the substantive provisions set forth in the Release, modified as necessary to reflect the Employee’s rights in connection with a Retirement, and which release
shall be at least as favorable to the Employee as the release used for other retiring award holders. In either case, such Release must become effective and irrevocable on or before the 65th day following the Employee’s Termination of
Employment. In the event the Employee does not sign such Release or revokes such Release before it becomes irrevocable, the Employee shall forfeit all rights to any unvested Stock Units or Remaining Shares, as applicable. In the event that the
Employee incurs a Termination of Employment pursuant to Section 1(d)(i) (other than as a result of death) or 1(d)(ii), and the Employee violates any of the provisions of the Restrictive Covenants prior to the Final Delivery Date, all
outstanding vested or unvested Stock Units (including Fiscal Year Stock Units and Dividend Equivalent Stock Units) and, if applicable, all Remaining Shares, shall be forfeited and canceled. Notwithstanding that certain Restricted Covenants in
Appendix B apply for only a limited period following a Termination of Employment, in the event that the Employee incurs a Termination of Employment due to a Retirement, the Employee will forfeit any outstanding Stock Units (including Fiscal
Year Stock Units and Dividend Equivalent Stock Units) and, if applicable, any Remaining Shares, if the Employee does not comply with all of the Restrictive Covenants in Appendix B until the earlier of the Final Service Date or, as applicable,
Final Delivery Date. For the avoidance of doubt, in no event shall a violation of the Restrictive Covenants in Appendix B serve as a basis for forfeiture of Stock Units (including Fiscal Year Stock Units and Dividend Equivalent Stock Units) and, if
applicable, any Remaining Shares, from and after a Change in Control. 
 (f) (i) Notwithstanding any provision of this Agreement to the
contrary, in the event of a Change in Control that occurs prior to the end of the Performance Period (without regard to whether the Employee’s Retirement has occurred on or prior to the date of such Change in Control), the Performance
Conditions shall no longer apply and, instead, shall be deemed to have been satisfied as of immediately prior to the Change in Control at the greater of (A) the target level and (B) the actual performance level achieved during the period
beginning at the start of the Performance Period and ending on the date of such Change in Control, as determined by the Committee prior to the Change in Control with any necessary exercise of discretion determined by the Committee prior to the
Change in Control. 

  
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	 	(ii)	Except as otherwise provided in this Section 1(f)(ii) and 1(f)(iii) below, following a Change in Control, all Remaining Shares that were outstanding immediately prior to the Change in Control, and all Remaining
Shares that were issued in connection with the Change in Control pursuant to Section 1(d)(iii) above, shall remain outstanding through the Final Delivery Date; provided, however, that in the event that the Employee incurs a
Termination of Employment upon or following a Change in Control but prior to the Final Service Date under any of the circumstances described in Section 1(d)(i) or 1(d)(ii) above, the date of such Termination of Employment shall be deemed to be
the Final Delivery Date. Furthermore, in the event that the Employee incurs a Termination of Employment under any of the circumstances described in Section 1(d)(i) or 1(d)(ii) above prior to the Final Delivery Date and prior to a Change in
Control, upon a Change in Control, the date of the Change in Control shall be deemed to be the Final Service Date for purposes of any Stock Units (and the Final Delivery Date for any Remaining Shares) then held by the Employee and any dividends held
by an escrow agent with respect thereto, as set forth in Section 4 below. 

  

	 	(iii)	Notwithstanding the foregoing, in the event of a Change in Control prior to the Final Service Date, unless (A) either (1) the Remaining Shares remain outstanding following such Change in Control or
(2) provision is made in connection with the Change in Control for substitution of such Remaining Shares for new awards covering equity interests in a successor entity, with appropriate adjustments to the number of Remaining Shares, as
determined by the Committee prior to the Change in Control pursuant to Section 3(b)(ii) of the Plan, and (B) the material terms and conditions of such Remaining Shares as in effect immediately prior to the Change in Control are preserved
following the Change in Control (including, without limitation, with respect to the vesting schedules, the intrinsic value of the Remaining Shares and transferability of the Shares or other securities underlying the Remaining Shares prior to and
following the Change in Control), the date of the Change in Control shall be deemed to be the Final Delivery Date for purposes of any Remaining Shares then outstanding. 

(g) (i) For purposes of this Agreement and any other agreement between the Employee and the Company that governs the Employee’s Stock
Units and Remaining Shares that was entered into prior to the date of this Agreement (a “Prior Stock Unit Agreement”), “Retirement” shall mean that the Employee voluntarily incurs a Termination of Employment on or after the date
on which the Employee meets the following retirement eligibility requirement (such date, the “Retirement Eligibility Date”): the Employee has remained actively employed by the Company or its Affiliates through March 31, 2016. 

  
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	 	(ii)	Notwithstanding any provision of this Agreement or any Prior Stock Unit Agreement to the contrary, in the case of any Stock Units that were outstanding immediately prior to the date of this Agreement and that have a
Final Service Date that is scheduled to occur after March 2, 2015, unless such Stock Units are forfeited prior to March 15, 2015, such Stock Units shall be settled through the issuance of Shares no later than March 15, 2015, and such
Shares (other than any Shares that are deemed to be Transferable Shares) shall remain subject to forfeiture based on the Employee’s continued service through March 1, 2016 (subject to any acceleration of vesting that may occur prior to
such date in accordance with this Agreement, the applicable Prior Stock Unit Agreement or Schedule I). 

  

	 	(iii)	 Notwithstanding any provision of Schedule I, this Agreement or any Prior Stock Unit Agreement to the contrary, solely for purposes of the
Employee’s Stock Units (including Fiscal Year Stock Units and Dividend Equivalent Stock Units) and Remaining Shares granted pursuant to this Agreement or any Prior Stock Unit Agreement, from September 12, 2014 through the Retirement
Eligibility Date, any determination by the Employee that Good Reason (as defined in Schedule I) exists (and any determination by the Employee of whether an event constituting Good Reason has been cured by the Company) will be deemed to be correct so
long as such determination is made in good faith taking into account all relevant facts and the Employee complies with all procedures set forth in paragraph 4 of Schedule I regarding termination of employment for Good Reason; provided,
however, that if the Board of Directors determines in good faith taking into account all relevant facts that the Employee would not have been entitled to resign for Good Reason but for the terms of this Section 1(g)(iii) (i.e.,
the Board of Directors determines that, in the absence of this Section 1(g)(iii), the alleged Good Reason event would not constitute Good Reason under Schedule I or that the actions taken by the Company have adequately cured such event if it in
fact constituted Good Reason), then the Employee will nevertheless be entitled to resign for Good Reason, but such Termination of Employment will be treated as a Retirement, rather than a Termination of Employment without Cause, for purposes of
determining the treatment of any Stock Units (and any Remaining Shares) granted under this Agreement or any Prior Stock Unit Agreement and then held by the Employee in connection with such Termination of Employment (including, without limitation,
for purposes of determining the level of vesting of any such Stock Units, the duration of the restrictive covenants applicable to such Stock Units and Remaining Shares and the disgorgement of tax benefits in the event of forfeiture of any Remaining
Shares). Notwithstanding any provision of this Agreement to the contrary, for purposes of this Section 1(g), when the terms “Dividend Equivalent Stock Units”, “Final Service Date”, “Fiscal Year Stock Units”,
“Remaining Shares”, “Stock Units” and “Transferable Shares” are used, they shall have the meaning attributable to such terms 

  
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under this Agreement or the applicable Prior Stock Unit Agreement, as the context requires. For the avoidance of doubt, in no event shall the requirement to sign a release as set forth in
Section 1(e) of this Agreement with respect to the Stock Units granted under this Agreement apply to the Stock Units and Remaining Shares granted under any Prior Agreements. 

 

	 	(iv)	The parties acknowledge and agree that this Agreement constitutes an amendment to the Prior Stock Unit Agreements to the extent set forth in this Section 1(g). 

    2. Settlement of Units, Restrictions on Remaining Shares. 

As soon as practicable (but in no event more than 30 days) after any Stock Unit has vested and is no longer subject to the applicable Service
Condition and Performance Conditions, the Company shall, subject to Sections 1(d), 1(e) and 6, cause its applicable Affiliate to deliver to the Employee one or more unlegended, freely-transferable stock certificates or book-entry credits in respect
of such Shares issued upon settlement of the vested Stock Units. Notwithstanding the foregoing, (a) the Company shall be entitled to hold the Shares or cash issuable upon settlement of Stock Units that have vested until the Company shall have
received from the Employee a duly executed Form W-9 or W-8, as applicable, and (b) any certificate or book entry credit issued or entered in respect of the Remaining Shares shall be registered in the Employee’s name and shall bear an
appropriate legend referring to the terms, conditions and restrictions applicable to the Remaining Shares, substantially in the following form: 

“The transferability of this certificate and the shares of stock represented hereby is subject to the terms and
conditions (including forfeiture) of the Lazard Ltd 2008 Incentive Compensation Plan and an Award Agreement, as well as the terms and conditions of applicable law. Copies of such Plan and Agreement are on file at the offices of Lazard Ltd.”

 The Company may require that the certificates or book entry credits evidencing title of the Remaining Shares be held in custody by the
Company until the restrictions thereon shall have lapsed and that, as a condition of receiving the Remaining Shares, the Employee shall have delivered to the Company a stock power, endorsed in blank, relating to such Remaining Shares. If and when
the Final Delivery Date occurs (or is deemed to occur) with respect to the Remaining Shares, the legend set forth shall be removed from the certificates or book entry credits evidencing such Shares. Notwithstanding any provision of this Agreement to
the contrary, Shares will be delivered to the Employee in settlement of any Stock Units for which all conditions have been satisfied (or deemed satisfied) no later than March 15 of the year following the year in which such Stock Units are no
longer subject to a substantial risk of forfeiture within the meaning of Treasury Regulation Section 1.409A-1(d). 
     3.
Nontransferability of the Stock Units and Remaining Shares. 
 Until such time as the Stock Units are ultimately settled or the Remaining
Shares are ultimately free from restriction, as applicable, as provided in Section 1(d), Section 1(f) or Section 2 above, the Stock Units and Remaining Shares shall not be transferable by the Employee by means of sale, assignment,
exchange, encumbrance, pledge, hedge or otherwise. 

  
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     4. Dividend Equivalents, Rights as a Shareholder. 

If the Company declares and pays (or sets a record date with respect to) ordinary quarterly cash dividends on the Common Stock (a) during
the Performance Period, the target number of Stock Units less any Transferable Shares and Remaining Shares (such Stock Units, the “Target Stock Units”) shall be credited with additional Stock Units (determined by dividing the aggregate
dividend amount that would have been paid with respect to the Target Stock Units if they had been actual Shares by the Fair Market Value of a Share on the dividend payment date) (such additional Stock Units, the “Dividend Equivalent Stock
Units”), which Dividend Equivalent Stock Units (and any additional Dividend Equivalent Stock Units that are granted while the Dividend Equivalent Stock Units are outstanding) shall be subject to the Service Condition and all other terms of this
Agreement but shall not be subject to the Performance Conditions (i.e., the Dividend Equivalent Stock Units shall be treated as Stock Units for which the Performance Conditions have already been satisfied), or (b) after the Performance
Period but while any Stock Units remain outstanding, any then outstanding Stock Units shall be credited with additional Stock Units (determined by dividing the aggregate dividend amount that would have been paid with respect to the Stock Units if
they had been actual Shares by the Fair Market Value of a Share on the dividend payment date), which additional Stock Units shall vest and be settled concurrently with the underlying Stock Units and be treated as Stock Units for all purposes of this
Agreement. For the avoidance of doubt, the provisions of the immediately preceding sentence shall not apply to any extraordinary dividends or distributions, which are addressed in Section 3(b)(i) of the Plan. All Dividend Equivalent Stock Units
shall be settled in accordance with Section 1(d)(iii) above. 
 Notwithstanding the foregoing, subject to Section 1(d) and
Section 2 and any other applicable law or agreement, from and after the Initial Delivery Date, the Employee will have all rights and privileges of a shareholder with respect to the Shares delivered on such Initial Delivery Date, including the
right to vote the Shares and to receive dividends and other distributions with respect thereto, provided that, any dividends that are paid on the Remaining Shares prior to the Final Delivery Date (whether payable in cash or Shares) will be held
until the Final Delivery Date by an escrow agent that is designated by the Company, and in the event that the Remaining Shares are forfeited in accordance with Section 1(e), such dividends will also be forfeited. For the avoidance of doubt, the
determination of applicable dividends, and the calculation of amounts equivalent thereto, provided for in this Section 4 shall be made consistent with the Company’s past practice with respect to similar Awards. 

    5. Payment of Transfer Taxes, Fees and Other Expenses. 

The Company agrees, or will cause its applicable Affiliate, to pay any and all original issue taxes and stock transfer taxes that may be
imposed on the issuance of Shares received by an Employee in connection with the Stock Units, together with any and all other fees and expenses necessarily incurred by the Company in connection therewith. 

  
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     6. Taxes and Withholding; Disgorgement of Tax Benefits. 

(a) No later than the date as of which an amount first becomes includible in the gross income of the Employee for federal, state, local or
foreign income tax purposes with respect to any Stock Units, the Employee shall pay to the Company or its applicable Affiliate, or make arrangements satisfactory to the Company or its applicable Affiliate regarding the payment of, any federal,
state, local and foreign taxes that are required by applicable laws and regulations to be withheld with respect to such amount. Except as otherwise required by applicable law, the Company will report that the Employee will be taxed on the full value
of the Shares underlying the Employee’s Stock Units on the date that such Shares are issued to the Employee in accordance with this Agreement. The obligations of the Company under this Agreement shall be conditioned on compliance by the
Employee with this Section 6, and the Company or its applicable Affiliate shall, to the extent permitted by law, have the right to deduct any such taxes from any payment otherwise due to the Employee, including deducting such amount from the
delivery of Shares or cash issued upon settlement of the Stock Units that gives rise to the withholding requirement. Notwithstanding the foregoing, the Company or an Affiliate may, in the Company’s sole discretion and subject to such other
terms and conditions as the Company may determine, if the Employee is not subject to withholding as a matter of applicable law as of the date that the Shares are delivered to the Employee (including if the Employee is a member of the Company who
reports income from the Company and its Affiliates on Schedule K-1 to the Company’s Federal income tax return) and pursuant to the prior written approval of the Company, permit the Employee to surrender some or all of the Transferable Shares to
the Company or an Affiliate and have the Company or such Affiliate remit the relevant taxes on the Employee’s behalf to the appropriate taxing authorities. Prior to an Initial Delivery Date, the Company will notify the Employee of (i) how
many Shares will be delivered to the Employee on such Initial Delivery Date and (ii) the portion, if any, of the Transferable Shares that the Company or an Affiliate will retain pursuant to the immediately preceding sentence. 

(b) In the event that the Employee incurs a Termination of Employment due to a Retirement and, after such Retirement, the Employee forfeits
the Remaining Shares and the dividends held in escrow in accordance with Section 4 of this Agreement, the Employee shall disgorge to the Company any tax benefit the Employee realizes from the forfeiture of any such Remaining Shares or
dividends, if, as and when actually realized by the Employee. The Employee agrees to use commercially reasonable efforts to claim any tax benefit from such forfeiture that the Company reasonably determines is available to the Employee on all
relevant tax returns filed after having received notice from the Company. Notwithstanding the foregoing, this Section 6(b) shall not apply from and after a Change in Control or a Termination of Employment pursuant to Section 1(d)(i). 

    7. Effect of Agreement. 

Except as otherwise provided hereunder, this Agreement shall be binding upon and shall inure to the benefit of any successor or successors of
the Company. The invalidity or enforceability of any provision of this Agreement shall not affect the validity or enforceability of any other provision of this Agreement. Nothing in this Agreement or the Plan shall confer upon the Employee any right
to continue in the employ of the Company or any of its Affiliates or interfere in any way with the right of the Company or any such Affiliates to terminate the 

  
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Employee’s employment at any time. Until Shares are actually delivered to the Employee upon settlement of the Stock Units, the Employee shall not have any rights as a shareholder with
respect to the Stock Units, except as specifically provided herein. 
     8. Laws Applicable to Construction; Consent to
Jurisdiction. 
 (a) This Agreement shall be governed by and construed in accordance with the laws of the State of New York (United
States of America), without regard to principles of conflict of laws that could cause the application of the law of any jurisdiction other than the State of New York. In addition to the terms and conditions set forth in this Agreement and the
Restrictive Covenants, the Stock Units are subject to the terms and conditions of the Plan, which is hereby incorporated by reference. By accepting the Stock Units, the Employee agrees to and is bound by the Plan and the Restrictive Covenants. 

(b) Subject to the provisions of Section 8(c), any controversy or claim between the Employee and the Company or its Affiliates arising
out of or relating to or concerning the provisions of this Agreement or the Plan shall be finally settled by arbitration in New York City before, and in accordance with the rules then obtaining of, the Financial Industry Regulatory Authority
(“FINRA”) or, if FINRA declines to arbitrate the matter, the American Arbitration Association (the “AAA”) in accordance with the commercial arbitration rules of the AAA. 

(c) Notwithstanding the provisions of Section 8(b), and in addition to its right to submit any dispute or controversy to arbitration, the
Company or one of its Affiliates may bring an action or special proceeding in a state or federal court of competent jurisdiction sitting in the City of New York, whether or not an arbitration proceeding has theretofore been or is ever initiated, for
the purpose of temporarily, preliminarily, or permanently enforcing the provisions of the Restrictive Covenants, or to enforce an arbitration award, and, for the purposes of this Section 8(c), the Employee (i) expressly consents to the
application of Section 8(d) to any such action or proceeding, (ii) agrees that proof shall not be required that monetary damages for breach of the provisions of the Restrictive Covenants or this Agreement would be difficult to calculate
and that remedies at law would be inadequate, and (iii) irrevocably appoints the General Counsel of the Company as the Employee’s agent for service of process in connection with any such action or proceeding, who shall promptly advise the
Employee of any such service of process by notifying the Employee at the last address on file in the Company’s records. 
 (d) The
Employee and the Company hereby irrevocably submit to the exclusive jurisdiction of any state or federal court located in the City of New York over any suit, action, or proceeding arising out of, relating to or in connection with this Agreement or
the Plan that is not otherwise required to be arbitrated or resolved in accordance with the provisions of Section 8(b). This includes any suit, action or proceeding to compel arbitration or to enforce an arbitration award. The Employee and the
Company acknowledge that the forum designated by this Section 8(d) has a reasonable relation to this Agreement, and to the Employee’s relationship to the Company. Notwithstanding the foregoing, nothing herein shall preclude the Company or
the Employee from bringing any action or proceeding in any other court for the purpose of enforcing the provisions of Sections 8(a), 8(b), or this Section 8(d). The agreement of the Employee and the Company as to forum is independent of the law
that may be applied in the action, and the Employee and the Company agree to such forum even if the forum may under applicable law 

  
 11 

 
choose to apply non-forum law. The Employee and the Company hereby waive, to the fullest extent permitted by applicable law, any objection which the Employee or the Company now or hereafter may
have to personal jurisdiction or to the laying of venue of any such suit, action or proceeding in any court referred to in this Section 8(d). The Employee and the Company undertake not to commence any action arising out of, or relating to or in
connection with this Agreement in any forum other than a forum described in this Section 8(d), or, to the extent applicable, Section 8(b). The Employee and the Company agree that, to the fullest extent permitted by applicable law, a final
and non-appealable judgment in any such suit, action or proceeding in any such court shall be conclusive and binding upon the Employee and the Company. 

    9. Conflicts and Interpretation. 

In the event of any conflict between this Agreement and the Plan, the Plan shall control. In the event of any ambiguity in this Agreement, or
any matters as to which this Agreement is silent, the Plan shall govern including, without limitation, the provisions thereof pursuant to which the Committee has the power, among others, to (a) interpret the Plan, (b) prescribe, amend and
rescind rules and regulations relating to the Plan, and (c) make all other determinations deemed necessary or advisable for the administration of the Plan. 

    10. Amendment. 

Any modification, amendment or waiver to this Agreement that shall materially impair the rights of the Employee with respect to the Stock Units
shall require an instrument in writing to be signed (either in paper format or electronically) by both parties hereto, except such a modification, amendment or waiver made to cause the Plan or the Stock Units to comply with applicable law, tax
rules, stock exchange rules or accounting rules and which is made to similarly situated employees. The waiver by either party of compliance with any provision of this Agreement shall not operate or be construed as a waiver of any other provision of
this Agreement, or of any subsequent breach by such party of a provision of this Agreement. 
     11. Section 409A of the Code.

 It is intended that the Stock Units shall be exempt from Section 409A of the Code pursuant to the “short-term deferral”
rule applicable to such section, as set forth in the regulations or other guidance published by the Internal Revenue Service thereunder. 

    12. Electronic Delivery. 

In lieu of receiving documents in paper format, the Employee hereby agrees, to the fullest extent permitted by law, to accept electronic
delivery of any documents that the Company or any Affiliate may be required to deliver (including, but not limited to, prospectuses, prospectus supplements, grant or Award notifications and agreements, account statements, annual and quarterly
reports, and all other forms of communications) in connection with the Stock Units or any other prior or future Award (it being understood and agreed that the Company or its Affiliates may, in their sole discretion, elect to satisfy any delivery
requirements electronically, in paper format, or a combination of both methods). Electronic delivery of a document to the Employee may be via a Company email system or by reference to a location on a Company intranet or secure internet site to which
Employee has access. 

  
 12 

     13. Compensation Recovery Policy.  

The Employee acknowledges and agrees that the Employee and the Stock Units are subject to the Company’s Compensation Recovery Policy
Applicable to Named Executive Officers, as in effect as of the date hereof (a copy of which has been provided to the Employee). 

    14. Headings. 

The headings of paragraphs herein are included solely for convenience of reference and shall not affect the meaning or interpretation of any of
the provisions of this Agreement. 
 [REMAINDER OF PAGE LEFT INTENTIONALLY BLANK] 

  
 13 

 IN WITNESS WHEREOF, as of the date first above written, the Company has caused this Agreement to
be executed on behalf of its applicable Affiliate by a duly authorized officer and the Employee has hereunto set the Employee’s hand. 

LAZARD LTD, 
  

			
	by	 	
		 	  

		 	Name:
		 	Title:
		
		 	  

		 	NAME

  
 14 

 Appendix A 

Performance Criteria and Calculation 

  
 A-1 

 Appendix B 

Restrictive Covenants 
 The Employee
acknowledges that the grant of the performance-based Stock Units pursuant to the Performance-Based Stock Unit Agreement (such Stock Units, the “Stock Units” and such Performance-Based Stock Unit Agreement, the “Agreement”)
confers a substantial benefit upon the Employee, and agrees to the following covenants (the “Restrictive Covenants”), which are designed, among other things, to protect the interests of the Lazard Group LLC, a Delaware limited liability
company (the “Company”), and its Affiliates (collectively, the “Firm”) in its confidential and proprietary information, trade secrets, customer and employee relationships, orderly transition of responsibilities, and other
legitimate business interests. All capitalized terms used herein, to the extent not defined, shall have the meaning set forth in the Lazard Ltd 2008 Incentive Compensation Plan. The Employee acknowledges that the Stock Units will be forfeited upon a
violation by the Employee of the Restrictive Covenants, and that, pursuant to the Agreement, the Firm may seek injunctive relief in order to enforce the Restrictive Covenants: 

(a) Confidential Information. The Employee shall not at any time (whether prior to or following the Employee’s Termination of
Employment) disclose or use for the Employee’s own benefit or purposes or the benefit or purposes of any other person, corporation or other business organization or entity, other than the Firm, any trade secrets, information, data, or other
confidential or proprietary information relating to the customers, developments, programs, plans or business and affairs of the Firm; provided that the foregoing shall not apply to information that is not unique to the Firm or that is
generally known to the industry or the public other than as a result of the Employee’s breach of this Restrictive Covenant or as required pursuant to an order of a court, governmental agency or other authorized tribunal (provided that the
Employee shall provide the Firm prior written notice of any such required disclosure). The Employee agrees that upon the Employee’s Termination of Employment, the Employee or, in the event of the Employee’s death, the Employee’s heirs
or estate at the request of the Firm, shall return to the Firm immediately all books, papers, plans, information, letters and other data, and all copies thereof or therefrom, in any way relating to the business of the Firm. Without limiting the
foregoing, the existence of, and any information concerning, any dispute between the Employee and the Firm shall be subject to the terms of this Paragraph (a), except that the Employee may disclose information concerning such dispute to the
arbitrator or court that is considering such dispute, and to the Employee’s legal counsel, spouse or domestic partner, and tax and financial advisors (provided that such persons agree not to disclose any such information). 

(b) Non-Competition. The Employee acknowledges and recognizes the highly competitive nature of the businesses of the Firm. The Employee
further acknowledges that the Employee has been and shall be provided with access to sensitive and proprietary information about the clients, prospective clients, knowledge capital and business practices of the Firm, and has been and shall be
provided with the opportunity to develop relationships with clients, prospective clients, consultants, employees, representatives and other agents of the Firm, and the Employee further acknowledges that such proprietary information and relationships
are extremely valuable assets in which the Firm has invested and shall continue to invest substantial time, effort and expense. The Employee agrees that while employed by the Firm and thereafter until (i) (A) three months after the
Employee’s date of Termination of Employment for any 

  
 B-1 

 
reason other than a termination by the Firm without Cause or (B) one month after the date of the Employee’s Termination of Employment by the Firm without Cause (in either case, the date
of such Termination of Employment, the “Date of Termination”) or (ii) the end of any longer period during which any similar covenants would be applicable to the Employee pursuant to any other agreement (other than an award agreement
evidencing previously granted equity-based, fund interest, deferred cash or similar awards (collectively, the “Prior Awards”)) between the Employee and the Firm (such period, the “Non-compete Restriction Period”), the Employee
shall not, directly or indirectly, on the Employee’s behalf or on behalf of any other person, firm, corporation, association or other entity, as an employee, director, advisor, partner, consultant or otherwise, provide services or perform
activities for, or acquire or maintain any ownership interest in, a “Competitive Enterprise”. For purposes of the Agreement, including this Appendix B, “Competitive Enterprise” shall mean a business (or business unit) that
(x) engages in any activity or (y) owns or controls a significant interest in any entity that engages in any activity, that in either case, competes anywhere with any activity that is similar to an activity in which the Firm is engaged up
to and including the Employee’s Date of Termination. Notwithstanding anything in this Appendix B, the Employee shall not be considered to be in violation of the Restrictive Covenants solely by reason of owning, directly or indirectly, any stock
or other securities of a Competitive Enterprise (or comparable interest, including a voting or profit participation interest, in any such Competitive Enterprise) if the Employee’s interest does not exceed 5% of the outstanding capital stock of
such Competitive Enterprise (or comparable interest, including a voting or profit participation interest, in such Competitive Enterprise). The Employee acknowledges that the Firm is engaged in business throughout the world. Accordingly, and in view
of the nature of the Employee’s position and responsibilities, the Employee agrees that the provisions of this Paragraph (b) shall be applicable to each jurisdiction, foreign country, state, possession or territory in which the Firm may be
engaged in business while the Employee is providing services to the Firm. 
 (c) Nonsolicitation of Clients. The Employee hereby
agrees that during the Non-compete Restriction Period, the Employee shall not, in any manner, directly or indirectly, (i) Solicit a Client to transact business with a Competitive Enterprise or to reduce or refrain from doing any business with
the Firm, to the extent the Employee is soliciting a Client to provide them with services the performance of which would violate Paragraph (b) above if such services were provided by the Employee, or (ii) interfere with or damage (or
attempt to interfere with or damage) any relationship between the Firm and a Client. For purposes of the Agreement, including this Appendix B, the term “Solicit” means any direct or indirect communication of any kind whatsoever, regardless
of by whom initiated, inviting, advising, persuading, encouraging or requesting any person or entity, in any manner, to take or refrain from taking any action, and the term “Client” means any client or prospective client of the Firm to
whom the Employee provided services, or for whom the Employee transacted business, or whose identity became known to the Employee in connection with the Employee’s relationship with or employment by the Firm, whether or not the Firm has been
engaged by such Client pursuant to a written agreement; provided that an entity which is not a client of the Firm shall be considered a “prospective client” for purposes of this sentence only if the Firm made a presentation or
written proposal to such entity during the 12-month period preceding the Date of Termination or was preparing to make such a presentation or proposal at the time of the Date of Termination. 

  
 B-2 

 (d) No Hire of Employees. The Employee hereby agrees that while employed by the Firm and
thereafter until (i) six months after the Date of Termination for any reason or (ii) the end of any longer period during which any similar covenants would be applicable to the Employee pursuant to any other agreement (other than an award
agreement evidencing any Prior Awards) between the Employee and the Firm (such period, the “No Hire Restriction Period”), the Employee shall not, directly or indirectly, for himself or on behalf of any third party at any time in any
manner, Solicit, hire, or otherwise cause any employee who is at the associate level or above (including, without limitation, managing directors), officer or agent of the Firm to apply for, or accept employment with, any Competitive Enterprise, or
to otherwise refrain from rendering services to the Firm or to terminate his or her relationship, contractual or otherwise, with the Firm, other than in response to a general advertisement or public solicitation not directed specifically to
employees of the Firm. 
 (e) Nondisparagement. The Employee shall not at any time (whether prior to or following the Employee’s
Termination of Employment), and shall instruct the Employee’s spouse or domestic partner, parents, and any of their lineal descendants (it being agreed that in any dispute between the parties regarding whether the Employee breached such
obligation to instruct, the Firm shall bear the burden of demonstrating that the Employee breached such obligation) not to, make any comments or statements to the press, employees of the Firm, any individual or entity with whom the Firm has a
business relationship or any other person, if such comment or statement is disparaging to the Firm, its reputation, any of its affiliates or any of its current or former officers, members or directors, except for truthful statements as may be
required by law. 
 (f) Notice of Termination Required. The Employee agrees to provide a period of advance written notice to the Firm
prior to the Employee’s Termination of Employment equal to (i) three months or (ii) any longer notice period required pursuant to any other agreement (other than an award agreement evidencing any Prior Awards) between the Employee and
the Firm. The Employee hereby agrees that, if, during the applicable period after the Employee has provided notice of termination to the Firm or prior thereto, the Employee enters (or has entered into) a written agreement to provide services or
perform activities for a Competitive Enterprise that would violate Paragraph (b) if performed during the Non-compete Restriction Period, such action shall be deemed a violation of this Paragraph (f). 

(g) Restrictive Covenants Generally. If any of the Restrictive Covenants is finally held to be invalid, illegal or unenforceable
(whether in whole or in part), such Restrictive Covenant shall be deemed modified to the extent, but only to the extent, of such invalidity, illegality or unenforceability and the remaining such Restrictive Covenants shall not be affected thereby;
provided, however, that if any of such Restrictive Covenants is finally held to be invalid, illegal or unenforceable because it exceeds the maximum scope determined to be acceptable to permit such provision to be enforceable, such Restrictive
Covenant shall be deemed to be modified to the minimum extent necessary to modify such scope in order to make such provision enforceable hereunder. The Employee hereby agrees that prior to accepting employment with any other person or entity during
his period of service with the Firm or during the Non-compete Restriction Period or the No Hire Restriction Period, the Employee shall provide such prospective employer with written notice of the provisions of this Appendix B, with a copy of such
notice delivered no later than the date of the Employee’s commencement of 

  
 B-3 

 
such employment with such prospective employer, to the General Counsel of the Company. The Employee acknowledges and agrees that the terms of the Restrictive Covenants: (i) are reasonable in
light of all of the circumstances, (ii) are sufficiently limited to protect the legitimate interests of the Firm, (iii) impose no undue hardship on the Employee and (iv) are not injurious to the public. The Employee acknowledges and
agrees that the Employee’s breach of the Restrictive Covenants will cause the Firm irreparable harm, which cannot be adequately compensated by money damages. The Employee also agrees that the Firm shall be entitled to injunctive relief for any
actual or threatened violation of any of the Restrictive Covenants in addition to any other remedies it may have, including, without limitation, money damages and forfeiture of the Stock Units. The Employee further acknowledges that, except as
provided in Paragraph (h), the Restrictive Covenants and notice period requirements set forth herein shall operate independently of, and not instead of, any other restrictive covenants or notice period requirements to which the Employee is subject
pursuant to other plans and agreements involving the Firm. 
 (h) Other Restrictive Covenants. The Employee acknowledges that, in the
event that the Employee is subject to an employment contract, the Restrictive Covenants set forth in this Appendix B constitute a supplement to such employment contract and will be entirely governed by the distinct and specific provisions of this
Appendix B. The Employee acknowledges that the Restrictive Covenants set forth in this Appendix B shall supersede and are in full substitution for any and all prior restrictive covenants included in any award agreement evidencing any Prior Awards by
which the Employee is bound, and this Paragraph (h) shall constitute a valid amendment to such award agreements. 

  
 B-4EX-4.1

 Exhibit 4.1 
 APPLE INC. 
 Officer’s Certificate 

Pursuant to Sections 102 and 301 of the Indenture dated as of April 29, 2013 (the “Indenture”) by and between Apple
Inc. (the “Issuer”) and The Bank of New York Mellon Trust Company, N.A., as trustee (the “Trustee”), the undersigned officer does hereby certify, in connection with the issuance of (i) $1,000,000,000 aggregate
principal amount of Floating Rate Notes due 2017 (“Floating Rate Notes due 2017”), (ii) $1,000,000,000 aggregate principal amount of Floating Rate Notes due 2019 (“Floating Rate Notes due 2019,” and, together
with the Floating Rate Notes due 2017, the “Floating Rate Notes”), (iii) $1,500,000,000 aggregate principal amount of 1.05% Notes due 2017 (“2017 Notes”), (iv) $2,000,000,000 aggregate principal amount of
2.10% Notes due 2019 (“2019 Notes”), (v) $3,000,000,000 aggregate principal amount of 2.85% Notes due 2021 (“2021 Notes”), (vi) $2,500,000,000 aggregate principal amount of 3.45% Notes due 2024
(“2024 Notes”) and (vii) $1,000,000,000 aggregate principal amount of 4.45% Notes due 2044 (“2044 Notes” and, together with the Floating Rate Notes, 2017 Notes, 2019 Notes, 2021 Notes and 2024 Notes, the
“Notes”), that the terms of the Notes are as follows: 
 Capitalized terms used but not otherwise defined
herein shall have the meanings specified in the Indenture. 
  

	1.	 Floating Rate Notes due 2017 

  

			
		
	Title:	    	Floating Rate Notes due 2017
		
	Issuer:	    	Apple Inc.
		
	Trustee, Registrar, Transfer Agent, Authenticating Agent, and Paying Agent:	    	The Bank of New York Mellon Trust Company, N.A.
		
	Aggregate Principal Amount at Maturity.	    	$1,000,000,000
		
	Principal Payment Date:	    	May 5, 2017
		
	Interest:	    	Floating rate equal to three-month LIBOR plus 0.07%
		
	Date from which Interest will Accrue:	    	May 6, 2014
		
	Interest Payment Dates:	    	February 6, May 6, August 6 and November 6, beginning on August 6, 2014 and on the principal payment date; provided, that if an Interest Payment Date for this Note
falls on a day that is not a Business Day the Interest Payment Date shall be postponed to the next

			
		
		    	succeeding Business Day, unless such next succeeding Business Day would be in the following month, in which case the Interest Payment Date shall be the immediately preceding
Business Day.
		
	Conversion:	    	None
		
	Sinking Fund:	    	None
		
	Redemption:	    	The Floating Rate Notes due 2017 shall not be redeemable prior to their maturity.
		
	Denominations:	    	$2,000 and any integral multiple of $1,000 in excess thereof.
		
	Miscellaneous:	    	The terms of the Floating Rate Notes due 2017 shall include such other terms as are set forth in the form of Floating Rate Notes due 2017 attached hereto as Exhibit A
and in the Indenture. In addition, the global notes for the Floating Rate Notes due 2017 shall include the following language: “To the extent the terms of the Indenture and this Note are inconsistent, the terms of the Indenture shall
govern.”

  

	2.	 Floating Rate Notes due 2019 

  

			
	Title:	    	Floating Rate Notes due 2019
		
	Issuer:	    	Apple Inc.
		
	Trustee, Registrar, Transfer Agent, Authenticating Agent, and Paying Agent:	    	The Bank of New York Mellon Trust Company, N.A.
		
	Aggregate Principal Amount at Maturity:	    	$1,000,000,000
		
	Principal Payment Date:	    	May 6, 2019
		
	Interest:	    	Floating rate equal to three-month LIBOR plus 0.30%
		
	Date from which Interest will Accrue:	    	May 6, 2014
		
	Interest Payment Dates:	    	February 6, May 6, August 6 and November 6, beginning on August 6, 2014; provided, that if an Interest Payment Date for this Note falls on a day that is not a Business Day
the Interest Payment Date shall be

  
 2 

			
		    	postponed to the next succeeding Business Day, unless such next succeeding Business Day would be in the following month, in which case the Interest Payment Date shall be the
immediately preceding Business Day.
		
	Conversion:	    	None
		
	Sinking Fund:	    	None
		
	Redemption:	    	The Floating Rate Notes due 2019 shall not be redeemable prior to their maturity.
		
	Denominations:	    	$2,000 and any integral multiple of $1,000 in excess thereof.
		
	Miscellaneous:	    	The terms of the Floating Rate Notes due 2019 shall include such other terms as are set forth in the form of Floating Rate Notes due 2019 attached hereto as Exhibit B
and in the Indenture. In addition, the global notes for the Floating Rate Notes due 2019 shall include the following language: “To the extent the terms of the Indenture and this Note are inconsistent, the terms of the Indenture shall
govern.”

  

	3.	 2017 Notes 

  

			
		
	Title:	    	1.05% Notes due 2017
		
	Issuer:	    	Apple Inc.
		
	Trustee, Registrar, Transfer Agent, Authenticating Agent, and Paying Agent:	    	The Bank of New York Mellon Trust Company, N.A.
		
	Aggregate Principal Amount at Maturity.	    	$1,500,000,000
		
	Principal Payment Date:	    	May 5, 2017
		
	Interest:	    	1.05% per annum
		
	Date from which Interest will Accrue:	    	May 6, 2014
		
	Interest Payment Dates:	    	May 6 and November 6, beginning on November 6, 2014 and on the principal payment date
		
	Redemption:	    	The Issuer may at its option redeem the 2017 Notes in

  
 3 

			
		    	 whole or in part, at any time or from time to time prior to their maturity, on at least 30 days, but not more than 60 days, prior
notice mailed or electronically delivered to the registered address of each holder of record of the 2017 Notes, at a redemption price, calculated by the Issuer, equal to the greater of:

 
 (i) 100% of the principal amount of the 2017 Notes being redeemed; or

 
 (ii) the sum of the present values of the remaining scheduled payments of principal
and interest on the notes to be redeemed (exclusive of interest accrued to the date of redemption) discounted to the date of redemption on a semi-annual basis (assuming a 360-day year consisting of twelve 30-day months) at a rate equal to the sum of
the applicable Treasury Rate (as defined in the 2017 Notes) plus 5 basis points,
  
 plus, in each case, accrued and unpaid interest thereon to the date of redemption.

		
	Conversion:	    	None
		
	Sinking Fund:	    	None
		
	Denominations:	    	$2,000 and any integral multiple of $1,000 in excess thereof.
		
	Miscellaneous:	    	The terms of the 2017 Notes shall include such other terms as are set forth in the form of 2017 Notes attached hereto as Exhibit C and in the Indenture. In addition, the
global notes for the 2017 Notes shall include the following language: “To the extent the terms of the Indenture and this Note are inconsistent, the terms of the Indenture shall govern.”

  

	4.	 2019 Notes 

  

			
		
	Title:	    	2.10% Notes due 2019
		
	Issuer:	    	Apple Inc.
		
	Trustee, Registrar, Transfer Agent, Authenticating Agent, and Paying Agent:	    	The Bank of New York Mellon Trust Company, N.A.

  
 4 

			
		
	Aggregate Principal Amount at Maturity.	    	$2,000,000,000
		
	Principal Payment Date:	    	May 6, 2019
		
	Interest:	    	2.10% per annum
		
	Date from which Interest will Accrue:	    	May 6, 2014
		
	Interest Payment Dates:	    	May 6 and November 6, beginning on November 6, 2014
		
	Redemption:	    	 The Issuer may at its option redeem the 2019 Notes in whole or in part, at any time or from time to time prior to their maturity, on
at least 30 days, but not more than 60 days, prior notice mailed or electronically delivered to the registered address of each holder of record of the 2019 Notes, at a redemption price, calculated by the Issuer, equal to the greater of:

 
 (i) 100% of the principal amount of the 2019 Notes being redeemed; or

 
 (ii) the sum of the present values of the remaining scheduled payments of principal
and interest on the notes to be redeemed (exclusive of interest accrued to the date of redemption) discounted to the date of redemption on a semi-annual basis (assuming a 360-day year consisting of twelve 30-day months) at a rate equal to the sum of
the applicable Treasury Rate (as defined in the 2019 Notes) plus 10 basis points,
  
 plus, in each case, accrued and unpaid interest thereon to the date of redemption.

		
	Conversion:	    	None
		
	Sinking Fund:	    	None
		
	Denominations:	    	$2,000 and any integral multiple of $1,000 in excess thereof.
		
	Miscellaneous:	    	The terms of the 2019 Notes shall include such other terms as are set forth in the form of 2019 Notes attached hereto as Exhibit D and in the Indenture. In addition, the
global notes for the 2019 Notes shall include the following language: “To the extent the terms of the

  
 5 

			
		    	Indenture and this Note are inconsistent, the terms of the Indenture shall govern.”

  

	5.	 2021 Notes 

  

			
	Title:	    	2.85% Notes due 2021
		
	Issuer:	    	Apple Inc.
		
	Trustee, Registrar, Transfer Agent, Authenticating Agent, and Paying Agent:	    	The Bank of New York Mellon Trust Company, N.A.
		
	Aggregate Principal Amount at Maturity.	    	$3,000,000,000
		
	Principal Payment Date:	    	May 6, 2021
		
	Interest:	    	2.85% per annum
		
	Date from which Interest will Accrue:	    	May 6, 2014
		
	Interest Payment Dates:	    	May 6 and November 6, beginning on November 6, 2014
		
	Redemption:	    	 The Issuer may at its option redeem the 2021 Notes in whole or in part, at any time or from time to time prior to their maturity, on
at least 30 days, but not more than 60 days, prior notice mailed or electronically delivered to the registered address of each holder of record of the 2021 Notes, at a redemption price, calculated by the Issuer, equal to the greater of:

 
 (i) 100% of the principal amount of the 2021 Notes being redeemed; or

 
 (ii) the sum of the present values of the remaining scheduled payments of principal
and interest on the notes to be redeemed (exclusive of interest accrued to the date of redemption) discounted to the date of redemption on a semi-annual basis (assuming a 360-day year consisting of twelve 30-day months) at a rate equal to the sum of
the applicable Treasury Rate (as defined in the 2021 Notes) plus 10 basis points,
  
 plus, in each case, accrued and unpaid interest thereon to

  
 6 

			
		    	the date of redemption.
		
	Conversion:	    	None
		
	Sinking Fund:	    	None
		
	Denominations:	    	$2,000 and any integral multiple of $1,000 in excess thereof.
		
	Miscellaneous:	    	The terms of the 2021 Notes shall include such other terms as are set forth in the form of 2021 Notes attached hereto as Exhibit E and in the Indenture. In addition, the
global notes for the 2021 Notes shall include the following language: “To the extent the terms of the Indenture and this Note are inconsistent, the terms of the Indenture shall govern.”

  

	6.	 2024 Notes 

  

			
	Title:	    	3.45% Notes due 2024
		
	Issuer:	    	Apple Inc.
		
	Trustee, Registrar, Transfer Agent, Authenticating Agent, and Paying Agent:	    	The Bank of New York Mellon Trust Company, N.A.
		
	Aggregate Principal Amount at Maturity.	    	$2,500,000,000
		
	Principal Payment Date:	    	May 6, 2024
		
	Interest:	    	3.45% per annum
		
	Date from which Interest will Accrue:	    	May 6, 2014
		
	Interest Payment Dates:	    	May 6 and November 6, beginning on November 6, 2014
		
	Redemption:	    	The Issuer may at its option redeem the 2024 Notes in whole or in part, at any time or from time to time prior to their maturity, on at least 30 days, but not more than 60 days,
prior notice mailed or electronically delivered to the registered address of each holder of record of the 2024 Notes, at a redemption price, calculated by the Issuer, equal to the greater of:

  
 7 

			
		    	 (i) 100% of the principal amount of the 2024 Notes being redeemed; or

 
 (ii) the sum of the present values of the remaining scheduled payments of principal
and interest on the notes to be redeemed (exclusive of interest accrued to the date of redemption) discounted to the date of redemption on a semi-annual basis (assuming a 360-day year consisting of twelve 30-day months) at a rate equal to the sum of
the applicable Treasury Rate (as defined in the 2024 Notes) plus 15 basis points,
  
 plus, in each case, accrued and unpaid interest thereon to the date of redemption.

		
	Conversion:	    	None
		
	Sinking Fund:	    	None
		
	Denominations:	    	$2,000 and any integral multiple of $1,000 in excess thereof.
		
	Miscellaneous:	    	The terms of the 2024 Notes shall include such other terms as are set forth in the form of 2024 Notes attached hereto as Exhibit F and in the Indenture. In addition, the
global notes for the 2024 Notes shall include the following language: “To the extent the terms of the Indenture and this Note are inconsistent, the terms of the Indenture shall govern.”

  

	7.	 2044 Notes 

  

			
	Title:	    	4.45% Notes due 2044
		
	Issuer:	    	Apple Inc.
		
	Trustee, Registrar, Transfer Agent, Authenticating Agent, and Paying Agent:	    	The Bank of New York Mellon Trust Company, N.A.
		
	Aggregate Principal Amount at Maturity.	    	$1,000,000,000
		
	Principal Payment Date:	    	May 6, 2044
		
	Interest:	    	4.45% per annum

  
 8 

			
		
	Date from which Interest will Accrue:	    	May 6, 2014
		
	Interest Payment Dates:	    	May 6 and November 6, beginning on November 6, 2014
		
	Redemption:	    	 The Issuer may at its option redeem the 2044 Notes in whole or in part, at any time or from time to time prior to their maturity, on
at least 30 days, but not more than 60 days, prior notice mailed or electronically delivered to the registered address of each holder of record of the 2044 Notes, at a redemption price, calculated by the Issuer, equal to the greater of:

 
 (i) 100% of the principal amount of the 2044 Notes being redeemed; or

 
 (ii) the sum of the present values of the remaining scheduled payments of principal
and interest on the notes to be redeemed (exclusive of interest accrued to the date of redemption) discounted to the date of redemption on a semi-annual basis (assuming a 360-day year consisting of twelve 30-day months) at a rate equal to the sum of
the applicable Treasury Rate (as defined in the 2044 Notes) plus 15 basis points,
  
 plus, in each case, accrued and unpaid interest thereon to the date of redemption.

		
	Conversion:	    	None
		
	Sinking Fund:	    	None
		
	Denominations:	    	$2,000 and any integral multiple of $1,000 in excess thereof.
		
	Miscellaneous:	    	The terms of the 2044 Notes shall include such other terms as are set forth in the form of 2044 Notes attached hereto as Exhibit G and in the Indenture. In addition, the
global notes for the 2044 Notes shall include the following language: “To the extent the terms of the Indenture and this Note are inconsistent, the terms of the Indenture shall govern.”

 Subject to the covenants described in the Indenture, as amended or supplemented from time to time, the
Issuer shall be entitled, subject to authorization by the Board of Directors of the Issuer and an Officer’s Certificate, to issue additional notes from time to time under each series of notes issued hereby. Any such additional notes of a series
shall have identical terms as the 

  
 9 

 
Floating Rate Notes due 2017, Floating Rate Notes due 2019, 2017 Notes, 2019 Notes, 2021 Notes, 2024 Notes and 2044 Notes, as the case may be, issued on the issue date, other than with respect to
the date of issuance and the issue price (together the “Additional Notes”). Any Additional Notes will be issued in accordance with Section 301 of the Indenture. 

The officer has read and understands the provisions of the Indenture and the definitions relating thereto. The statements made in this
Officer’s Certificate are based upon the examination of the provisions of the Indenture and upon the relevant books and records of the Issuer. In such officer’s opinion, they have made such examination or investigation as is necessary to
enable such officer to express an informed opinion as to whether or not the covenants and conditions of such Indenture relating to the issuance, authentication and delivery of the Notes have been complied with. In such officer’s opinion, such
covenants and conditions have been complied with. 

  
 10 

 IN WITNESS WHEREOF, the undersigned officer of the Issuer has duly executed this certificate
as of May 6, 2014. 
 APPLE INC. 

By: /s/ Gary Wipfler 
 Gary Wipfler 
 Vice President and Corporate Treasurer 

 EXHIBIT A 
 FORM OF FLOATING RATE NOTE DUE 2017 
 UNLESS THIS NOTE IS PRESENTED BY AN
AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION (“DTC”), TO THE ISSUER OR ITS AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE OR PAYMENT, AND ANY NOTE ISSUED IS REGISTERED IN THE NAME OF
CEDE & CO. OR IN SUCH OTHER NAME AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE OR
OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS A BENEFICIAL INTEREST HEREIN. 
 TRANSFERS OF THIS GLOBAL SECURITY ARE LIMITED TO TRANSFERS IN WHOLE, BUT NOT IN PART, TO NOMINEES OF DTC OR TO A SUCCESSOR THEREOF OR SUCH SUCCESSOR’S NOMINEE AND TRANSFERS OF PORTIONS OF THIS GLOBAL
SECURITY ARE LIMITED TO TRANSFERS MADE IN ACCORDANCE WITH THE RESTRICTIONS SET FORTH IN THE INDENTURE REFERRED TO ON THE REVERSE HEREOF. 
 THIS SECURITY IS A GLOBAL SECURITY WITHIN THE MEANING OF THE INDENTURE REFERRED TO HEREIN AND IS REGISTERED IN THE NAME OF A DEPOSITARY OR A NOMINEE THEREOF. THIS SECURITY MAY NOT BE EXCHANGED IN WHOLE OR
IN PART FOR A SECURITY REGISTERED, AND NO TRANSFER OF THIS SECURITY IN WHOLE OR IN PART MAY BE REGISTERED, IN THE NAME OF ANY PERSON OTHER THAN SUCH DEPOSITARY OR A NOMINEE THEREOF, EXCEPT IN THE LIMITED CIRCUMSTANCES DESCRIBED IN THE INDENTURE.

 APPLE INC. 
 Floating Rate Note due 2017 
  

			
	 No.
	  	CUSIP No.: 037833 AN0
		  	ISIN No.: US037833AN08
		
		  	$500,000,000

 APPLE INC., a California corporation (the “Issuer”), for value received promises to pay
to CEDE & CO. or registered assigns the principal sum of 500,000,000 DOLLARS on May 5, 2017. 
 Interest Payment
Dates: February 6, May 6, August 6 and November 6, beginning on August 6, 2014, and on the principal payment date (each, an “Interest Payment Date”). 

Interest Record Dates: the Business Day preceding the Interest Payment Date (the “Interest Record Date”). 

Reference is made to the further provisions of this Note contained herein, which will for all purposes have the same effect as if set
forth at this place. 

 IN WITNESS WHEREOF, the Issuer has caused this Note to be signed manually or by facsimile by
its duly authorized officer. 
  

			
	APPLE INC.
		
	By:    	 	  

		 	Name:
		 	 Title:

 This is one of the Securities of the series designated therein and referred to in the
within-mentioned Indenture. 
 Dated: May 6, 2014 

 

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

		
	By: 	 	  

		 	Authorized Signatory

 (REVERSE OF NOTE) 
 APPLE INC. 
 Floating Rate Note due 2017 

 

	 	1.	 Interest 

Apple Inc. (the “Issuer”) promises to pay interest on the principal amount of this Note at the rate per annum described
below. Cash interest on the Notes will accrue from May 6, 2014, or the most recent Interest Payment Date to which payment has been paid or provided for; provided, that if an Interest Payment Date for this Note falls on a day that is not a
Business Day the Interest Payment Date shall be postponed to the next succeeding Business Day, unless such next succeeding Business Day would be in the following month, in which case the Interest Payment Date shall be the immediately preceding
Business Day. Interest on this Note will be paid to but excluding the relevant Interest Payment Date. The Issuer will pay interest quarterly in arrears on each Interest Payment Date, commencing August 6, 2014. Interest will be computed on the
basis of the actual number of days in an interest period and a 360-day year. 
 The Issuer shall pay interest on overdue
principal from time to time on demand at the rate borne by the Notes and on overdue installments of interest (without regard to any applicable grace periods) to the extent lawful. 

The interest rate for each interest period will be determined by the Trustee (as defined below) or its successor. The interest rate for a
particular interest period will be a per annum rate equal to three-month LIBOR as determined on the interest determination date plus 0.07%. The interest determination date for an interest period will be the second London business day preceding the
first day of such interest period. 
 A London business day is a day on which dealings in deposits in U.S. dollars are
transacted in the London interbank market. 
 On any interest determination date, LIBOR will be equal to the offered rate for
deposits in U.S. dollars having an index maturity of three months, as such rate appears on the Reuters Page LIBOR 01 (or on such other page as may replace Reuters Page LIBOR 01 on that service, or, if on such interest determination date, the
three-month LIBOR does not appear or is not available on the designated Reuters Page, the Bloomberg L.P. page “BBAM” or such other page as may replace the Bloomberg L.P. page “BBAM” on that service) as of approximately 11:00
a.m., London time, on such interest determination date. 
 If no offered rate appears on Reuters Page LIBOR 01 or Bloomberg L.P.
page “BBAM” on an interest determination date at approximately 11:00 a.m., London time, then the Issuer (after consultation with the Trustee) will select four major reference banks in the London interbank market and the Trustee shall
request each of their principal London offices to provide a quotation of the rate at which three-month deposits in U.S. dollars in amounts of at least $1,000,000 are offered by it to prime banks in the London interbank market, on that date and at
that time, that is representative of single transactions at that time. If at least two quotations are provided, LIBOR will be the arithmetic average of the quotations provided. Otherwise, the Issuer (after

 
consultation with the Trustee) will select three major reference banks in New York City and shall request each of them to provide a quotation of the rate offered by them at approximately 11:00
a.m., New York City time, on the interest determination date for loans in U.S. dollars to leading European banks having an index maturity of three months for the applicable interest period in an amount of at least $1,000,000 that is representative
of single transactions at that time. If three quotations are provided, LIBOR will be the arithmetic average of the quotations provided. If the banks selected by the Issuer (after consultation with the Trustee) are not providing quotations in the
manner specified above, the rate of LIBOR for the next interest period will be set equal to the three-month LIBOR in effect prior to such interest determination date. 
 All percentages resulting from any calculation of any interest rate for this Note 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., 3.876545% (or .03876545) would be rounded to 3.87655% (or .0387655)), and all U.S. dollar amounts will be rounded to the nearest cent, with one-half cent being rounded upward. Each calculation of the interest
rate on this Note by the Trustee will (in the absence of manifest error) be final and binding on the Holders of this Note and the Issuer. 
 Upon written request from any Holder, the Trustee will provide the interest rate in effect on the Notes for the current interest period and, if it has been determined, the interest rate to be in effect
for the next interest period. 
 The interest rate on this Note will in no event be higher than the maximum rate permitted by
New York law as the same may be modified by United States law of general application. 
  

	 	2.	Paying Agent. 

 Initially, The
Bank of New York Mellon Trust Company, N.A. (the “Trustee”) will act as paying agent. The Issuer may change any paying agent without notice to the Holders. 

 

	 	3.	Indenture; Defined Terms. 

 This
Note is one of the Floating Rate Notes due 2017 (the “Notes”) issued under an indenture dated as of April 29, 2013 (the “Base Indenture”) by and between the Issuer and the Trustee, as supplemented by an
Officer’s Certificate dated May 6, 2014, issued pursuant to Section 301 of the Indenture (together with the Base Indenture, the “Indenture”). This Note is a “Security” and the Notes are
“Securities” under the Indenture. 
 For purposes of this Note, 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 as in effect on the date on which the Indenture was 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. 

	 	4.	 Denominations; Transfer; Exchange. 

 The Notes are in registered form, without coupons, in denominations of $2,000 and any integral multiple of $1,000 in excess thereof. A Holder shall register the transfer or exchange of Notes in accordance
with the Indenture. The Issuer may require a Holder, among other things, to furnish appropriate endorsements and transfer documents and to pay certain transfer taxes or similar governmental charges payable in connection therewith as permitted by the
Indenture. 
  

	 	5.	 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 at least a majority in aggregate principal amount of each series of Outstanding Securities (including the Notes) under the Indenture that is affected by such amendment, supplement
or waiver (voting as a single 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 Trust Indenture Act, or make any other change that does not adversely affect the rights of any Holder of a Note. 

 

	 	6.	 Defaults and Remedies. 

 If an Event of Default (other than certain bankruptcy Events of Default with respect to the Issuer) under the Indenture occurs with respect to the Notes and is continuing, then the Trustee may and, at the
direction of the Holders of at least 25% in principal amount of the outstanding Notes, shall by written notice, require the Issuer to repay immediately the entire principal amount of the Outstanding Notes, together with all accrued and unpaid
interest and premium, if any. If a bankruptcy Event of Default with respect to the Issuer occurs and is continuing, then the entire principal amount of the Outstanding Notes together with all accrued and unpaid interest and premium, if any, will
automatically become due immediately and payable without any declaration or other act on the part of the Trustee or any Holder. 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 a majority in aggregate principal amount of the Notes then
outstanding to direct the Trustee in its exercise of any trust or power. The Trustee may withhold from Holders of Notes notice of certain continuing defaults or Events of Default if it determines that withholding notice is not opposed to their
interest. 
  

	 	7.	 Authentication. 

 This Note shall not be valid until the Trustee manually signs the certificate of authentication on this Note. 
  

	 	8.	 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). 

 

	 	9.	 CUSIP Numbers. 

 Pursuant to a recommendation promulgated by the Committee on Uniform Security Identification Procedures, the Issuer 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. 

 

	 	10.	 Governing Law. 

 The Indenture and the Notes shall be governed by, and construed in accordance with, the law of the State of New York. 

 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 Issuer. The agent may substitute another to act for him. 
  

 
 Date:
                                        
  Your Signature:
                                         
                    
  

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

							
		 		 		 	  

		 		 		 	Signature
				
	Signature Guarantee:	 		 		 	
				
	  
	 		 		 	  

	 Signature must be guaranteed
	 		 		 	 Signature

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

 SCHEDULE OF EXCHANGES OF NOTES 

The following exchanges of a part of this Global Note for physical Notes or a part of another Global Note have been made: 

 

									
	 Date of Exchange
	 	 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
officer of
Trustee

 EXHIBIT B 
 FORM OF FLOATING RATE NOTE DUE 2019 
 UNLESS THIS NOTE IS PRESENTED BY AN
AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION (“DTC”), TO THE ISSUER OR ITS AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE OR PAYMENT, AND ANY NOTE ISSUED IS REGISTERED IN THE NAME OF
CEDE & CO. OR IN SUCH OTHER NAME AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE OR
OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS A BENEFICIAL INTEREST HEREIN. 
 TRANSFERS OF THIS GLOBAL SECURITY ARE LIMITED TO TRANSFERS IN WHOLE, BUT NOT IN PART, TO NOMINEES OF DTC OR TO A SUCCESSOR THEREOF OR SUCH SUCCESSOR’S NOMINEE AND TRANSFERS OF PORTIONS OF THIS GLOBAL
SECURITY ARE LIMITED TO TRANSFERS MADE IN ACCORDANCE WITH THE RESTRICTIONS SET FORTH IN THE INDENTURE REFERRED TO ON THE REVERSE HEREOF. 
 THIS SECURITY IS A GLOBAL SECURITY WITHIN THE MEANING OF THE INDENTURE REFERRED TO HEREIN AND IS REGISTERED IN THE NAME OF A DEPOSITARY OR A NOMINEE THEREOF. THIS SECURITY MAY NOT BE EXCHANGED IN WHOLE OR
IN PART FOR A SECURITY REGISTERED, AND NO TRANSFER OF THIS SECURITY IN WHOLE OR IN PART MAY BE REGISTERED, IN THE NAME OF ANY PERSON OTHER THAN SUCH DEPOSITARY OR A NOMINEE THEREOF, EXCEPT IN THE LIMITED CIRCUMSTANCES DESCRIBED IN THE INDENTURE.

 APPLE INC. 
 Floating Rate Note due 2019 
  

			
	 No.
	  	CUSIP No.: 037833 AP5
		  	ISIN No.: US037833AP55
		
		  	$500,000,000

 APPLE INC., a California corporation (the “Issuer”), for value received promises to pay
to CEDE & CO. or registered assigns the principal sum of 500,000,000 DOLLARS on May 6, 2019. 
 Interest Payment
Dates: February 6, May 6, August 6 and November 6 (each, an “Interest Payment Date”), beginning on August 6, 2014. 
 Interest Record Dates: the Business Day preceding the Interest Payment Date (the “Interest Record Date”). 
 Reference is made to the further provisions of this Note contained herein, which will for all purposes have the same effect as if set forth at this place. 

 IN WITNESS WHEREOF, the Issuer has caused this Note to be signed manually or by facsimile by
its duly authorized officer. 
  

			
	APPLE INC.
		
	By:    	 	  

		 	Name:
		 	 Title:

 This is one of the Securities of the series designated therein and referred to in the
within-mentioned Indenture. 
 Dated: May 6, 2014 

 

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

		
	By: 	 	  

		 	Authorized Signatory

 (REVERSE OF NOTE) 
 APPLE INC. 
 Floating Rate Note due 2019 

 

	 	1.	 Interest 

Apple Inc. (the “Issuer”) promises to pay interest on the principal amount of this Note at the rate per annum described
below. Cash interest on the Notes will accrue from May 6, 2014, or the most recent Interest Payment Date to which payment has been paid or provided for; provided, that if an Interest Payment Date for this Note falls on a day that is not a
Business Day the Interest Payment Date shall be postponed to the next succeeding Business Day, unless such next succeeding Business Day would be in the following month, in which case the Interest Payment Date shall be the immediately preceding
Business Day. Interest on this Note will be paid to but excluding the relevant Interest Payment Date. The Issuer will pay interest quarterly in arrears on each Interest Payment Date, commencing August 6, 2014. Interest will be computed on the
basis of the actual number of days in an interest period and a 360-day year. 
 The Issuer shall pay interest on overdue
principal from time to time on demand at the rate borne by the Notes and on overdue installments of interest (without regard to any applicable grace periods) to the extent lawful. 

The interest rate for each interest period will be determined by the Trustee (as defined below) or its successor. The interest rate for a
particular interest period will be a per annum rate equal to three-month LIBOR as determined on the interest determination date plus 0.30%. The interest determination date for an interest period will be the second London business day preceding the
first day of such interest period. 
 A London business day is a day on which dealings in deposits in U.S. dollars are
transacted in the London interbank market. 
 On any interest determination date, LIBOR will be equal to the offered rate for
deposits in U.S. dollars having an index maturity of three months, as such rate appears on the Reuters Page LIBOR 01 (or on such other page as may replace Reuters Page LIBOR 01 on that service, or, if on such interest determination date, the
three-month LIBOR does not appear or is not available on the designated Reuters Page, the Bloomberg L.P. page “BBAM” or such other page as may replace the Bloomberg L.P. page “BBAM” on that service) as of approximately 11:00
a.m., London time, on such interest determination date. 
 If no offered rate appears on Reuters Page LIBOR 01 or Bloomberg L.P.
page “BBAM” on an interest determination date at approximately 11:00 a.m., London time, then the Issuer (after consultation with the Trustee) will select four major reference banks in the London interbank market and the Trustee shall
request each of their principal London offices to provide a quotation of the rate at which three-month deposits in U.S. dollars in amounts of at least $1,000,000 are offered by it to prime banks in the London interbank market, on that date and at
that time, that is representative of single transactions at that time. If at least two quotations are provided, LIBOR will be the arithmetic average of the quotations provided. Otherwise, the Issuer (after

 
consultation with the Trustee) will select three major reference banks in New York City and shall request each of them to provide a quotation of the rate offered by them at approximately 11:00
a.m., New York City time, on the interest determination date for loans in U.S. dollars to leading European banks having an index maturity of three months for the applicable interest period in an amount of at least $1,000,000 that is representative
of single transactions at that time. If three quotations are provided, LIBOR will be the arithmetic average of the quotations provided. If the banks selected by the Issuer (after consultation with the Trustee) are not providing quotations in the
manner specified above, the rate of LIBOR for the next interest period will be set equal to the three-month LIBOR in effect prior to such interest determination date. 
 All percentages resulting from any calculation of any interest rate for this Note 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., 3.876545% (or .03876545) would be rounded to 3.87655% (or .0387655)), and all U.S. dollar amounts will be rounded to the nearest cent, with one-half cent being rounded upward. Each calculation of the interest
rate on this Note by the Trustee will (in the absence of manifest error) be final and binding on the Holders of this Note and the Issuer. 
 Upon written request from any Holder, the Trustee will provide the interest rate in effect on the Notes for the current interest period and, if it has been determined, the interest rate to be in effect
for the next interest period. 
 The interest rate on this Note will in no event be higher than the maximum rate permitted by
New York law as the same may be modified by United States law of general application. 
  

	 	2.	Paying Agent. 

 Initially, The
Bank of New York Mellon Trust Company, N.A. (the “Trustee”) will act as paying agent. The Issuer may change any paying agent without notice to the Holders. 

 

	 	3.	Indenture; Defined Terms. 

 This
Note is one of the Floating Rate Notes due 2019 (the “Notes”) issued under an indenture dated as of April 29, 2013 (the “Base Indenture”) by and between the Issuer and the Trustee, as supplemented by an
Officer’s Certificate dated May 6, 2014, issued pursuant to Section 301 of the Indenture (together with the Base Indenture, the “Indenture”). This Note is a “Security” and the Notes are
“Securities” under the Indenture. 
 For purposes of this Note, 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 as in effect on the date on which the Indenture was 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. 

	 	4.	Denominations; Transfer; Exchange. 

 The Notes are in registered form, without coupons, in denominations of $2,000 and any integral multiple of $1,000 in excess thereof. A Holder shall register the transfer or exchange of Notes in accordance
with the Indenture. The Issuer may require a Holder, among other things, to furnish appropriate endorsements and transfer documents and to pay certain transfer taxes or similar governmental charges payable in connection therewith as permitted by the
Indenture. 
  

	 	5.	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 at least a majority in aggregate principal amount of each series of Outstanding Securities (including the Notes)
under the Indenture that is affected by such amendment, supplement or waiver (voting as a single 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 Trust Indenture Act, or make any other change that does not adversely affect the rights of any
Holder of a Note. 
  

	 	6.	Defaults and Remedies. 

 If an
Event of Default (other than certain bankruptcy Events of Default with respect to the Issuer) under the Indenture occurs with respect to the Notes and is continuing, then the Trustee may and, at the direction of the Holders of at least 25% in
principal amount of the outstanding Notes, shall by written notice, require the Issuer to repay immediately the entire principal amount of the Outstanding Notes, together with all accrued and unpaid interest and premium, if any. If a bankruptcy
Event of Default with respect to the Issuer occurs and is continuing, then the entire principal amount of the Outstanding Notes together with all accrued and unpaid interest and premium, if any, will automatically become due immediately and payable
without any declaration or other act on the part of the Trustee or any Holder. 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 a majority in aggregate principal amount of the Notes then outstanding to direct the Trustee in its exercise of
any trust or power. The Trustee may withhold from Holders of Notes notice of certain continuing defaults or Events of Default if it determines that withholding notice is not opposed to their interest. 

 

	 	7.	Authentication. 

 This Note
shall not be valid until the Trustee manually signs the certificate of authentication on this Note. 
  

	 	8.	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). 

 

	 	9.	CUSIP Numbers. 

 Pursuant to a
recommendation promulgated by the Committee on Uniform Security Identification Procedures, the Issuer 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. 
  

	 	10.	Governing Law. 

 The Indenture
and the Notes shall be governed by, and construed in accordance with, the law of the State of New York. 

 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 Issuer. The agent may substitute another to act for him. 
  

 
 Date:
                                        
  Your Signature:
                                         
                    
  

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

							
		 		 		 	  

		 		 		 	Signature
				
	Signature Guarantee:	 		 		 	
				
	  
	 		 		 	  

	 Signature must be guaranteed
	 		 		 	 Signature

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

 SCHEDULE OF EXCHANGES OF NOTES 

The following exchanges of a part of this Global Note for physical Notes or a part of another Global Note have been made: 

 

									
	 Date of Exchange
	 	 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
officer of
Trustee

 EXHIBIT C 
 FORM OF NOTE DUE 2017 
 UNLESS THIS NOTE IS PRESENTED BY AN AUTHORIZED
REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION (“DTC”), TO THE ISSUER OR ITS AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE OR PAYMENT, AND ANY NOTE ISSUED IS REGISTERED IN THE NAME OF CEDE & CO. OR IN
SUCH OTHER NAME AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE OR OTHER USE HEREOF FOR
VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS A BENEFICIAL INTEREST HEREIN. 
 TRANSFERS OF THIS GLOBAL SECURITY ARE LIMITED TO TRANSFERS IN WHOLE, BUT NOT IN PART, TO NOMINEES OF DTC OR TO A SUCCESSOR THEREOF OR SUCH SUCCESSOR’S NOMINEE AND TRANSFERS OF PORTIONS OF THIS GLOBAL
SECURITY ARE LIMITED TO TRANSFERS MADE IN ACCORDANCE WITH THE RESTRICTIONS SET FORTH IN THE INDENTURE REFERRED TO ON THE REVERSE HEREOF. 
 THIS SECURITY IS A GLOBAL SECURITY WITHIN THE MEANING OF THE INDENTURE REFERRED TO HEREIN AND IS REGISTERED IN THE NAME OF A DEPOSITARY OR A NOMINEE THEREOF. THIS SECURITY MAY NOT BE EXCHANGED IN WHOLE OR
IN PART FOR A SECURITY REGISTERED, AND NO TRANSFER OF THIS SECURITY IN WHOLE OR IN PART MAY BE REGISTERED, IN THE NAME OF ANY PERSON OTHER THAN SUCH DEPOSITARY OR A NOMINEE THEREOF, EXCEPT IN THE LIMITED CIRCUMSTANCES DESCRIBED IN THE INDENTURE.

 APPLE INC. 1.05% 

Note due 2017 
  

			
	 No.
	  	CUSIP No.: 037833 AM2
		  	ISIN No.: US037833AM25
		
		  	$500,000,000

 APPLE INC., a California corporation (the “Issuer”), for value received promises to pay
to CEDE & CO. or registered assigns the principal sum of 500,000,000 DOLLARS on May 5, 2017. 
 Interest Payment
Dates: May 6 and November 6, beginning on November 6, 2014, and on the principal payment date (each, an “Interest Payment Date”). 
 Interest Record Dates: April 22 and October 23 (each, an “Interest Record Date”). 
 Reference is made to the further provisions of this Note contained herein, which will for all purposes have the same effect as if set forth at this place. 

 IN WITNESS WHEREOF, the Issuer has caused this Note to be signed manually or by facsimile by
its duly authorized officer. 
  

			
	APPLE INC.
		
	By:    	 	  

		 	 Name:

		 	 Title:

 This is one of the Securities of the series designated therein and referred to in the
within-mentioned Indenture. 
 Dated: May 6, 2014 

 

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

		
	By: 	 	  

		 	Authorized Signatory

 (REVERSE OF NOTE) 
 APPLE INC. 
 1.05% Note due 2017 

1.      Interest 
 Apple Inc. (the “Issuer”) promises to pay interest on the principal amount of this Note at the rate per annum described above. Cash interest on the Notes will accrue from the most recent
date to which interest has been paid; or, if no interest has been paid, from May 6, 2014. Interest on this Note will be paid to but excluding the relevant Interest Payment Date. The Issuer will pay interest semi-annually in arrears on each
Interest Payment Date, commencing November 6, 2014. Interest will be computed on the basis of a 360-day year consisting of twelve 30-day months in a manner consistent with Rule 11620(b) of the FINRA Uniform Practice Code. 

The Issuer shall pay interest on overdue principal from time to time on demand at the rate borne by the Notes and on overdue installments
of interest (without regard to any applicable grace periods) to the extent lawful. 
 2.      Paying
Agent. 
 Initially, The Bank of New York Mellon Trust Company, N.A. (the “Trustee”) will act as paying agent.
The Issuer may change any paying agent without notice to the Holders. 
 3.     Indenture; Defined Terms.

 This Note is one of the 1.05% Notes due 2017 (the “Notes”) issued under an indenture dated as of
April 29, 2013 (the “Base Indenture”) by and between the Issuer and the Trustee, as supplemented by an Officer’s Certificate dated May 6, 2014, issued pursuant to Section 301 of the Indenture (together with the
Base Indenture, the “Indenture”). This Note is a “Security” and the Notes are “Securities” under the Indenture. 
 For purposes of this Note, 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 as in effect on the date on which the Indenture was 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. 
 4.     
Denominations; Transfer; Exchange. 
 The Notes are in registered form, without coupons, in denominations of $2,000 and any
integral multiple of $1,000 in excess thereof. A Holder shall register the transfer or exchange of Notes in accordance with the Indenture. The Issuer may require a Holder, among other things, to

 
furnish appropriate endorsements and transfer documents and to pay certain transfer taxes or similar governmental charges payable in connection therewith as permitted by the Indenture. The Issuer
need not issue, authenticate, register the transfer of or exchange any Notes or portions thereof for a period of fifteen (15) days before the mailing of a notice of redemption, nor need the Issuer register the transfer or exchange of any Note
selected for redemption in whole or in part except the unredeemed portion of any Note being redeemed in part. 

5.      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 at least a majority in aggregate principal amount of each series of Outstanding Securities (including the Notes) under the Indenture that is affected by such amendment, supplement
or waiver (voting as a single 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 Trust Indenture Act, or make any other change that does not adversely affect the rights of any Holder of a Note. 

6.      Redemption. 
 The Issuer may at its option redeem any of the Notes in whole or in part at any time, each at a redemption price calculated by the Issuer equal to the greater of: 

(i)      100% of the principal amount of the Notes to be redeemed; and 

(ii)      the sum of the present values of the remaining scheduled payments of principal and interest on the
notes to be redeemed (exclusive of interest accrued to the date of redemption) discounted to the date of redemption on a semi-annual basis (assuming a 360-day year consisting of twelve 30-day months) at a rate equal to the sum of the applicable
Treasury Rate (as defined below) plus 5 basis points, plus in each case accrued and unpaid interest thereon to the date of redemption. 
 Notwithstanding the foregoing, installments of interest on 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 the Notes and the Indenture. 

“Comparable Treasury Issue” means the United States Treasury security selected by an Independent Investment Banker as
having a maturity comparable to the remaining term (“Remaining Life”) of the notes to be redeemed that would be utilized, at the time of selection and in accordance with customary financial practice, in pricing new issues of corporate debt
securities of comparable maturity to the remaining term of such notes. 
 “Comparable Treasury Price” means,
with respect to any redemption date, (1) the average of the Reference Treasury Dealer Quotations for such redemption date, after excluding the highest and lowest Reference Treasury Dealer Quotations, or (2) if the Independent

 
Investment Banker obtains fewer than four such Reference Treasury Dealer Quotations, the average of all such quotations. 
 “Independent Investment Banker” means one of the Reference Treasury Dealers that the Issuer shall appoint to act as the Independent Investment Banker from time to time. 

“Reference Treasury Dealer” means (1) each of Goldman, Sachs & Co. and Deutsche Bank Securities Inc. and
their respective successors, unless any of them ceases to be a primary U.S. Government securities dealer in New York City (a “Primary Treasury Dealer”), in which case the Issuer will substitute another Primary Treasury Dealer and
(2) any other Primary Treasury Dealer the Issuer shall select. 
 “Reference Treasury Dealer Quotations”
means, with respect to each Reference Treasury Dealer and any redemption date, the average, as determined by the Independent Investment Banker, of the bid and asked prices for the applicable Comparable Treasury Issue (expressed in each case as a
percentage of its principal amount) quoted in writing to the Independent Investment Banker by such Reference Treasury Dealer at 5:00 p.m., New York City time, on the third business day preceding such redemption date. 

“Treasury Rate” means, with respect to any redemption date, the rate per year equal to: (1) the yield, under the
heading which represents the average for the immediately preceding week, appearing in the most recently published statistical release designated “H.15(519)” or any successor publication which is published weekly by the Board of Governors
of the Federal Reserve System and which establishes yields on actively traded United States Treasury securities adjusted to constant maturity under the caption “Treasury Constant Maturities,” for the maturity corresponding to the
applicable Comparable Treasury Issue; provided that, if no maturity is within three months before or after the Remaining Life of the notes to be redeemed, yields for the two published maturities most closely corresponding to the applicable
Comparable Treasury Issue will be determined and the Treasury Rate will be interpolated or extrapolated from those yields on a straight line basis, rounding to the nearest month; or (2) if such release (or any successor release) is not
published during the week preceding the calculation date or does not contain such yields, the rate per year equal to the semiannual equivalent yield to maturity of the applicable Comparable Treasury Issue, calculated using a price for the applicable
Comparable Treasury Issue (expressed as a percentage of its principal amount) equal to the related Comparable Treasury Price for such redemption date. The Treasury Rate will be calculated by the Issuer on the third business day preceding the
redemption date. As used in the immediately preceding sentence and in the definition of “Reference Treasury Dealer Quotations” above, the term “business day” means any day that is not a Saturday, Sunday or other day on which
commercial banks in New York City are authorized or obligated by law or executive order to close. 
 The provisions of Article
XI of the Indenture shall apply to any redemption of the Notes. 
 Notice of any redemption will be mailed or electronically
delivered at least 30 days but not more than 60 days before the redemption date to each Holder of record of the Notes to be redeemed at its registered address. Unless the Issuer defaults in payment of the redemption price, on and after the
redemption date, interest will cease to accrue on the Notes or portions 

 
thereof called for redemption. If less than all of the Notes are to be redeemed, the Notes to be redeemed shall be selected by the applicable procedures of the Depositary, in the case of Notes
represented by a Global Note, or by lot, in the case of Notes that are not represented by a Global Note. 
 7.
     Defaults and Remedies. 
 If an Event of Default (other than certain bankruptcy Events of Default
with respect to the Issuer) under the Indenture occurs with respect to the Notes and is continuing, then the Trustee may and, at the direction of the Holders of at least 25% in principal amount of the outstanding Notes, shall by written notice,
require the Issuer to repay immediately the entire principal amount of the Outstanding Notes, together with all accrued and unpaid interest and premium, if any. If a bankruptcy Event of Default with respect to the Issuer occurs and is continuing,
then the entire principal amount of the Outstanding Notes together with all accrued and unpaid interest and premium, if any, will automatically become due immediately and payable without any declaration or other act on the part of the Trustee or any
Holder. 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 a majority in aggregate principal amount of the Notes then outstanding to direct the Trustee in its exercise of any trust or power. The Trustee may withhold from Holders of Notes
notice of certain continuing defaults or Events of Default if it determines that withholding notice is not opposed to their interest. 
 8.      Authentication. 
 This Note shall not be valid
until the Trustee manually signs the certificate of authentication on this Note. 
 9.
     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).

 10.      CUSIP Numbers. 
 Pursuant to a recommendation promulgated by the Committee on Uniform Security Identification Procedures, the Issuer 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. 

11.      Governing Law. 
 The Indenture and the Notes shall be governed by, and construed in accordance with, the law of the State of New York. 

 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 Issuer. The agent may substitute another to act for him. 
  

 
 Date:
                         Your Signature:
                                         
                            
  

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

					
		  		 	  

		  		 	 Signature

 Signature Guarantee: 
  

					
	  
	  		 	  

	 Signature must be guaranteed
	  		 	 Signature

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

 SCHEDULE OF EXCHANGES OF NOTES 
 The following exchanges of a part of this Global Note for physical Notes or a part of another Global Note have been made: 
  

									
	 Date of Exchange
	 	 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
officer of
Trustee

 EXHIBIT D 
 FORM OF NOTE DUE 2019 
 UNLESS THIS NOTE IS PRESENTED BY AN AUTHORIZED
REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION (“DTC”), TO THE ISSUER OR ITS AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE OR PAYMENT, AND ANY NOTE ISSUED IS REGISTERED IN THE NAME OF CEDE & CO. OR IN
SUCH OTHER NAME AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE OR OTHER USE HEREOF FOR
VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS A BENEFICIAL INTEREST HEREIN. 
 TRANSFERS OF THIS GLOBAL SECURITY ARE LIMITED TO TRANSFERS IN WHOLE, BUT NOT IN PART, TO NOMINEES OF DTC OR TO A SUCCESSOR THEREOF OR SUCH SUCCESSOR’S NOMINEE AND TRANSFERS OF PORTIONS OF THIS GLOBAL
SECURITY ARE LIMITED TO TRANSFERS MADE IN ACCORDANCE WITH THE RESTRICTIONS SET FORTH IN THE INDENTURE REFERRED TO ON THE REVERSE HEREOF. 
 THIS SECURITY IS A GLOBAL SECURITY WITHIN THE MEANING OF THE INDENTURE REFERRED TO HEREIN AND IS REGISTERED IN THE NAME OF A DEPOSITARY OR A NOMINEE THEREOF. THIS SECURITY MAY NOT BE EXCHANGED IN WHOLE OR
IN PART FOR A SECURITY REGISTERED, AND NO TRANSFER OF THIS SECURITY IN WHOLE OR IN PART MAY BE REGISTERED, IN THE NAME OF ANY PERSON OTHER THAN SUCH DEPOSITARY OR A NOMINEE THEREOF, EXCEPT IN THE LIMITED CIRCUMSTANCES DESCRIBED IN THE INDENTURE.

 APPLE INC. 
 2.10% Note due 2019 
  

			
	 No.
	  	CUSIP No.: 037833 AQ3
		  	ISIN No.: US037833AQ39
		
		  	$500,000,000

 APPLE INC., a California corporation (the “Issuer”), for value received promises to pay
to CEDE & CO. or registered assigns the principal sum of 500,000,000 DOLLARS on May 6, 2019. 
 Interest Payment
Dates: May 6 and November 6 (each, an “Interest Payment Date”), beginning on November 6, 2014. 

Interest Record Dates: April 22 and October 23 (each, an “Interest Record Date”). 

Reference is made to the further provisions of this Note contained herein, which will for all purposes have the same effect as if set
forth at this place. 

 IN WITNESS WHEREOF, the Issuer has caused this Note to be signed manually or by facsimile by
its duly authorized officer. 
  

			
	APPLE INC.
		
	By:    	 	  

		 	Name:
		 	 Title:

 This is one of the Securities of the series designated therein and referred to in the
within-mentioned Indenture. 
 Dated: May 6, 2014 

 

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

		
	By:    	 	  

		 	Authorized Signatory

 (REVERSE OF NOTE) 
 APPLE INC. 
 2.10% Note due 2019 

 

	 	1.	 Interest 

Apple Inc. (the “Issuer”) promises to pay interest on the principal amount of this Note at the rate per annum described
above. Cash interest on the Notes will accrue from the most recent date to which interest has been paid; or, if no interest has been paid, from May 6, 2014. Interest on this Note will be paid to but excluding the relevant Interest Payment Date.
The Issuer will pay interest semi-annually in arrears on each Interest Payment Date, commencing November 6, 2014. Interest will be computed on the basis of a 360-day year consisting of twelve 30-day months in a manner consistent with Rule
11620(b) of the FINRA Uniform Practice Code. 
 The Issuer shall pay interest on overdue principal from time to time on demand
at the rate borne by the Notes and on overdue installments of interest (without regard to any applicable grace periods) to the extent lawful. 
  

	 	2.	Paying Agent. 

 Initially, The
Bank of New York Mellon Trust Company, N.A. (the “Trustee”) will act as paying agent. The Issuer may change any paying agent without notice to the Holders. 

 

	 	3.	Indenture; Defined Terms. 

 This
Note is one of the 2.10% Notes due 2019 (the “Notes”) issued under an indenture dated as of April 29, 2013 (the “Base Indenture”) by and between the Issuer and the Trustee, as supplemented by an Officer’s
Certificate dated May 6, 2014, issued pursuant to Section 301 of the Indenture (together with the Base Indenture, the “Indenture”). This Note is a “Security” and the Notes are “Securities” under the
Indenture. 
 For purposes of this Note, 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 as in effect on the date on which the Indenture was 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. 

 

	 	4.	Denominations; Transfer; Exchange. 

 The Notes are in registered form, without coupons, in denominations of $2,000 and any integral multiple of $1,000 in excess thereof. A Holder shall register the transfer or exchange of Notes in accordance
with the Indenture. The Issuer may require a Holder, among other things, to 

 
furnish appropriate endorsements and transfer documents and to pay certain transfer taxes or similar governmental charges payable in connection therewith as permitted by the Indenture. The Issuer
need not issue, authenticate, register the transfer of or exchange any Notes or portions thereof for a period of fifteen (15) days before the mailing of a notice of redemption, nor need the Issuer register the transfer or exchange of any Note
selected for redemption in whole or in part except the unredeemed portion of any Note being redeemed in part. 
  

	 	5.	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 at least a majority in aggregate principal amount of each series of Outstanding Securities (including the Notes)
under the Indenture that is affected by such amendment, supplement or waiver (voting as a single 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 Trust Indenture Act, or make any other change that does not adversely affect the rights of any
Holder of a Note. 
  

	 	6.	Redemption. 

 The Issuer may at
its option redeem any of the Notes in whole or in part at any time, each at a redemption price calculated by the Issuer equal to the greater of: 
 (i)      100% of the principal amount of the Notes to be redeemed; and 
 (ii)     the sum of the present values of the remaining scheduled payments of principal and interest on the notes to be redeemed (exclusive of interest accrued to the date of
redemption) discounted to the date of redemption on a semi-annual basis (assuming a 360-day year consisting of twelve 30-day months) at a rate equal to the sum of the applicable Treasury Rate (as defined below) plus 10 basis points, plus in each
case accrued and unpaid interest thereon to the date of redemption. 
 Notwithstanding the foregoing, installments of interest
on 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 the
Notes and the Indenture. 
 “Comparable Treasury Issue” means the United States Treasury security selected by
an Independent Investment Banker as having a maturity comparable to the remaining term (“Remaining Life”) of the notes to be redeemed that would be utilized, at the time of selection and in accordance with customary financial practice, in
pricing new issues of corporate debt securities of comparable maturity to the remaining term of such notes. 

“Comparable Treasury Price” means, with respect to any redemption date, (1) the average of the Reference Treasury
Dealer Quotations for such redemption date, after excluding the highest and lowest Reference Treasury Dealer Quotations, or (2) if the Independent 

 
Investment Banker obtains fewer than four such Reference Treasury Dealer Quotations, the average of all such quotations. 
 “Independent Investment Banker” means one of the Reference Treasury Dealers that the Issuer shall appoint to act as the Independent Investment Banker from time to time. 

“Reference Treasury Dealer” means (1) each of Goldman, Sachs & Co. and Deutsche Bank Securities Inc. and
their respective successors, unless any of them ceases to be a primary U.S. Government securities dealer in New York City (a “Primary Treasury Dealer”), in which case the Issuer will substitute another Primary Treasury Dealer and
(2) any other Primary Treasury Dealer the Issuer shall select. 
 “Reference Treasury Dealer Quotations”
means, with respect to each Reference Treasury Dealer and any redemption date, the average, as determined by the Independent Investment Banker, of the bid and asked prices for the applicable Comparable Treasury Issue (expressed in each case as a
percentage of its principal amount) quoted in writing to the Independent Investment Banker by such Reference Treasury Dealer at 5:00 p.m., New York City time, on the third business day preceding such redemption date. 

“Treasury Rate” means, with respect to any redemption date, the rate per year equal to: (1) the yield, under the
heading which represents the average for the immediately preceding week, appearing in the most recently published statistical release designated “H.15(519)” or any successor publication which is published weekly by the Board of Governors
of the Federal Reserve System and which establishes yields on actively traded United States Treasury securities adjusted to constant maturity under the caption “Treasury Constant Maturities,” for the maturity corresponding to the
applicable Comparable Treasury Issue; provided that, if no maturity is within three months before or after the Remaining Life of the notes to be redeemed, yields for the two published maturities most closely corresponding to the applicable
Comparable Treasury Issue will be determined and the Treasury Rate will be interpolated or extrapolated from those yields on a straight line basis, rounding to the nearest month; or (2) if such release (or any successor release) is not
published during the week preceding the calculation date or does not contain such yields, the rate per year equal to the semiannual equivalent yield to maturity of the applicable Comparable Treasury Issue, calculated using a price for the applicable
Comparable Treasury Issue (expressed as a percentage of its principal amount) equal to the related Comparable Treasury Price for such redemption date. The Treasury Rate will be calculated by the Issuer on the third business day preceding the
redemption date. As used in the immediately preceding sentence and in the definition of “Reference Treasury Dealer Quotations” above, the term “business day” means any day that is not a Saturday, Sunday or other day on which
commercial banks in New York City are authorized or obligated by law or executive order to close. 
 The provisions of Article
XI of the Indenture shall apply to any redemption of the Notes. 
 Notice of any redemption will be mailed or electronically
delivered at least 30 days but not more than 60 days before the redemption date to each Holder of record of the Notes to be redeemed at its registered address. Unless the Issuer defaults in payment of the redemption price, on and after the
redemption date, interest will cease to accrue on the Notes or portions 

 
thereof called for redemption. If less than all of the Notes are to be redeemed, the Notes to be redeemed shall be selected by the applicable procedures of the Depositary, in the case of Notes
represented by a Global Note, or by lot, in the case of Notes that are not represented by a Global Note. 
  

	 	7.	Defaults and Remedies. 

 If an
Event of Default (other than certain bankruptcy Events of Default with respect to the Issuer) under the Indenture occurs with respect to the Notes and is continuing, then the Trustee may and, at the direction of the Holders of at least 25% in
principal amount of the outstanding Notes, shall by written notice, require the Issuer to repay immediately the entire principal amount of the Outstanding Notes, together with all accrued and unpaid interest and premium, if any. If a bankruptcy
Event of Default with respect to the Issuer occurs and is continuing, then the entire principal amount of the Outstanding Notes together with all accrued and unpaid interest and premium, if any, will automatically become due immediately and payable
without any declaration or other act on the part of the Trustee or any Holder. 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 a majority in aggregate principal amount of the Notes then outstanding to direct the Trustee in its exercise of
any trust or power. The Trustee may withhold from Holders of Notes notice of certain continuing defaults or Events of Default if it determines that withholding notice is not opposed to their interest. 

 

	 	8.	Authentication. 

 This Note
shall not be valid until the Trustee manually signs the certificate of authentication on this Note. 
  

	 	9.	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). 

 

	 	10.	CUSIP Numbers. 

 Pursuant to a
recommendation promulgated by the Committee on Uniform Security Identification Procedures, the Issuer 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. 
  

	 	11.	Governing Law. 

 The Indenture
and the Notes shall be governed by, and construed in accordance with, the law of the State of New York. 

 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 Issuer. The agent may substitute another to act for him. 
  

 
 Date:
                                        
  Your Signature:
                                         
                    
  

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

							
		 		 		 	  

		 		 		 	Signature
				
	Signature Guarantee:	 		 		 	
	  
	 		 		 	  

	 Signature must be guaranteed
	 		 		 	 Signature

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

 SCHEDULE OF EXCHANGES OF NOTES 
 The following exchanges of a part of this Global Note for physical Notes or a part of another Global Note have been made: 
  

									
	 Date of Exchange
	 	 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
officer of
Trustee

 EXHIBIT E 
 FORM OF NOTE DUE 2021 
 UNLESS THIS NOTE IS PRESENTED BY AN AUTHORIZED
REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION (“DTC”), TO THE ISSUER OR ITS AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE OR PAYMENT, AND ANY NOTE ISSUED IS REGISTERED IN THE NAME OF CEDE & CO. OR IN
SUCH OTHER NAME AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE OR OTHER USE HEREOF FOR
VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS A BENEFICIAL INTEREST HEREIN. 
 TRANSFERS OF THIS GLOBAL SECURITY ARE LIMITED TO TRANSFERS IN WHOLE, BUT NOT IN PART, TO NOMINEES OF DTC OR TO A SUCCESSOR THEREOF OR SUCH SUCCESSOR’S NOMINEE AND TRANSFERS OF PORTIONS OF THIS GLOBAL
SECURITY ARE LIMITED TO TRANSFERS MADE IN ACCORDANCE WITH THE RESTRICTIONS SET FORTH IN THE INDENTURE REFERRED TO ON THE REVERSE HEREOF. 
 THIS SECURITY IS A GLOBAL SECURITY WITHIN THE MEANING OF THE INDENTURE REFERRED TO HEREIN AND IS REGISTERED IN THE NAME OF A DEPOSITARY OR A NOMINEE THEREOF. THIS SECURITY MAY NOT BE EXCHANGED IN WHOLE OR
IN PART FOR A SECURITY REGISTERED, AND NO TRANSFER OF THIS SECURITY IN WHOLE OR IN PART MAY BE REGISTERED, IN THE NAME OF ANY PERSON OTHER THAN SUCH DEPOSITARY OR A NOMINEE THEREOF, EXCEPT IN THE LIMITED CIRCUMSTANCES DESCRIBED IN THE INDENTURE.

 APPLE INC. 
 2.85% Note due 2021 
  

			
	 No.
	  	CUSIP No.: 037833 AR1
		  	ISIN No.: US037833AR12
		
		  	$500,000,000

 APPLE INC., a California corporation (the “Issuer”), for value received promises to pay
to CEDE & CO. or registered assigns the principal sum of 500,000,000 DOLLARS on May 6, 2021. 
 Interest Payment
Dates: May 6 and November 6 (each, an “Interest Payment Date”), beginning on November 6, 2014. 

Interest Record Dates: April 22 and October 23 (each, an “Interest Record Date”). 

Reference is made to the further provisions of this Note contained herein, which will for all purposes have the same effect as if set
forth at this place. 

 IN WITNESS WHEREOF, the Issuer has caused this Note to be signed manually or by facsimile by
its duly authorized officer. 
  

			
	APPLE INC.
		
	By:    	 	  

		 	Name:
		 	 Title:

 This is one of the Securities of the series designated therein and referred to in the
within-mentioned Indenture. 
 Dated: May 6, 2014 

 

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

		
	By:    	 	  

		 	Authorized Signatory

 (REVERSE OF NOTE) 
 APPLE INC. 
 2.85% Note due 2021 

 

	 	1.	 Interest 

Apple Inc. (the “Issuer”) promises to pay interest on the principal amount of this Note at the rate per annum described
above. Cash interest on the Notes will accrue from the most recent date to which interest has been paid; or, if no interest has been paid, from May 6, 2014. Interest on this Note will be paid to but excluding the relevant Interest Payment Date.
The Issuer will pay interest semi-annually in arrears on each Interest Payment Date, commencing November 6, 2014. Interest will be computed on the basis of a 360-day year consisting of twelve 30-day months in a manner consistent with Rule
11620(b) of the FINRA Uniform Practice Code. 
 The Issuer shall pay interest on overdue principal from time to time on demand
at the rate borne by the Notes and on overdue installments of interest (without regard to any applicable grace periods) to the extent lawful. 
  

	 	2.	Paying Agent. 

 Initially, The
Bank of New York Mellon Trust Company, N.A. (the “Trustee”) will act as paying agent. The Issuer may change any paying agent without notice to the Holders. 

 

	 	3.	Indenture; Defined Terms. 

 This
Note is one of the 2.85% Notes due 2021 (the “Notes”) issued under an indenture dated as of April 29, 2013 (the “Base Indenture”) by and between the Issuer and the Trustee, as supplemented by an Officer’s
Certificate dated May 6, 2014, issued pursuant to Section 301 of the Indenture (together with the Base Indenture, the “Indenture”). This Note is a “Security” and the Notes are “Securities” under the
Indenture. 
 For purposes of this Note, 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 as in effect on the date on which the Indenture was 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. 

 

	 	4.	Denominations; Transfer; Exchange. 

 The Notes are in registered form, without coupons, in denominations of $2,000 and any integral multiple of $1,000 in excess thereof. A Holder shall register the transfer or exchange of Notes in accordance
with the Indenture. The Issuer may require a Holder, among other things, to 

 
furnish appropriate endorsements and transfer documents and to pay certain transfer taxes or similar governmental charges payable in connection therewith as permitted by the Indenture. The Issuer
need not issue, authenticate, register the transfer of or exchange any Notes or portions thereof for a period of fifteen (15) days before the mailing of a notice of redemption, nor need the Issuer register the transfer or exchange of any Note
selected for redemption in whole or in part except the unredeemed portion of any Note being redeemed in part. 
  

	 	5.	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 at least a majority in aggregate principal amount of each series of Outstanding Securities (including the Notes)
under the Indenture that is affected by such amendment, supplement or waiver (voting as a single 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 Trust Indenture Act, or make any other change that does not adversely affect the rights of any
Holder of a Note. 
  

	 	6.	Redemption. 

 The Issuer may at
its option redeem any of the Notes in whole or in part at any time, each at a redemption price calculated by the Issuer equal to the greater of: 
 (i)      100% of the principal amount of the Notes to be redeemed; and 
 (ii)     the sum of the present values of the remaining scheduled payments of principal and interest on the notes to be redeemed (exclusive of interest accrued to the date of
redemption) discounted to the date of redemption on a semi-annual basis (assuming a 360-day year consisting of twelve 30-day months) at a rate equal to the sum of the applicable Treasury Rate (as defined below) plus 10 basis points, plus in each
case accrued and unpaid interest thereon to the date of redemption. 
 Notwithstanding the foregoing, installments of interest
on 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 the
Notes and the Indenture. 
 “Comparable Treasury Issue” means the United States Treasury security selected by
an Independent Investment Banker as having a maturity comparable to the remaining term (“Remaining Life”) of the notes to be redeemed that would be utilized, at the time of selection and in accordance with customary financial practice, in
pricing new issues of corporate debt securities of comparable maturity to the remaining term of such notes. 

“Comparable Treasury Price” means, with respect to any redemption date, (1) the average of the Reference Treasury
Dealer Quotations for such redemption date, after excluding the highest and lowest Reference Treasury Dealer Quotations, or (2) if the Independent 

 
Investment Banker obtains fewer than four such Reference Treasury Dealer Quotations, the average of all such quotations. 
 “Independent Investment Banker” means one of the Reference Treasury Dealers that the Issuer shall appoint to act as the Independent Investment Banker from time to time. 

“Reference Treasury Dealer” means (1) each of Goldman, Sachs & Co. and Deutsche Bank Securities Inc. and
their respective successors, unless any of them ceases to be a primary U.S. Government securities dealer in New York City (a “Primary Treasury Dealer”), in which case the Issuer will substitute another Primary Treasury Dealer and
(2) any other Primary Treasury Dealer the Issuer shall select. 
 “Reference Treasury Dealer Quotations”
means, with respect to each Reference Treasury Dealer and any redemption date, the average, as determined by the Independent Investment Banker, of the bid and asked prices for the applicable Comparable Treasury Issue (expressed in each case as a
percentage of its principal amount) quoted in writing to the Independent Investment Banker by such Reference Treasury Dealer at 5:00 p.m., New York City time, on the third business day preceding such redemption date. 

“Treasury Rate” means, with respect to any redemption date, the rate per year equal to: (1) the yield, under the
heading which represents the average for the immediately preceding week, appearing in the most recently published statistical release designated “H.15(519)” or any successor publication which is published weekly by the Board of Governors
of the Federal Reserve System and which establishes yields on actively traded United States Treasury securities adjusted to constant maturity under the caption “Treasury Constant Maturities,” for the maturity corresponding to the
applicable Comparable Treasury Issue; provided that, if no maturity is within three months before or after the Remaining Life of the notes to be redeemed, yields for the two published maturities most closely corresponding to the applicable
Comparable Treasury Issue will be determined and the Treasury Rate will be interpolated or extrapolated from those yields on a straight line basis, rounding to the nearest month; or (2) if such release (or any successor release) is not
published during the week preceding the calculation date or does not contain such yields, the rate per year equal to the semiannual equivalent yield to maturity of the applicable Comparable Treasury Issue, calculated using a price for the applicable
Comparable Treasury Issue (expressed as a percentage of its principal amount) equal to the related Comparable Treasury Price for such redemption date. The Treasury Rate will be calculated by the Issuer on the third business day preceding the
redemption date. As used in the immediately preceding sentence and in the definition of “Reference Treasury Dealer Quotations” above, the term “business day” means any day that is not a Saturday, Sunday or other day on which
commercial banks in New York City are authorized or obligated by law or executive order to close. 
 The provisions of Article
XI of the Indenture shall apply to any redemption of the Notes. 
 Notice of any redemption will be mailed or electronically
delivered at least 30 days but not more than 60 days before the redemption date to each Holder of record of the Notes to be redeemed at its registered address. Unless the Issuer defaults in payment of the redemption price, on and after the
redemption date, interest will cease to accrue on the Notes or portions 

 
thereof called for redemption. If less than all of the Notes are to be redeemed, the Notes to be redeemed shall be selected by the applicable procedures of the Depositary, in the case of Notes
represented by a Global Note, or by lot, in the case of Notes that are not represented by a Global Note. 
  

	 	7.	Defaults and Remedies. 

 If an
Event of Default (other than certain bankruptcy Events of Default with respect to the Issuer) under the Indenture occurs with respect to the Notes and is continuing, then the Trustee may and, at the direction of the Holders of at least 25% in
principal amount of the outstanding Notes, shall by written notice, require the Issuer to repay immediately the entire principal amount of the Outstanding Notes, together with all accrued and unpaid interest and premium, if any. If a bankruptcy
Event of Default with respect to the Issuer occurs and is continuing, then the entire principal amount of the Outstanding Notes together with all accrued and unpaid interest and premium, if any, will automatically become due immediately and payable
without any declaration or other act on the part of the Trustee or any Holder. 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 a majority in aggregate principal amount of the Notes then outstanding to direct the Trustee in its exercise of
any trust or power. The Trustee may withhold from Holders of Notes notice of certain continuing defaults or Events of Default if it determines that withholding notice is not opposed to their interest. 

 

	 	8.	Authentication. 

 This Note
shall not be valid until the Trustee manually signs the certificate of authentication on this Note. 
  

	 	9.	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). 

 

	 	10.	CUSIP Numbers. 

 Pursuant to a
recommendation promulgated by the Committee on Uniform Security Identification Procedures, the Issuer 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. 
  

	 	11.	Governing Law. 

 The Indenture
and the Notes shall be governed by, and construed in accordance with, the law of the State of New York. 

 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 Issuer. The agent may substitute another to act for him. 
  

 
 Date:
                                        
  Your Signature:
                                         
                    
  

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

							
		 		 		 	  

		 		 		 	Signature
				
	Signature Guarantee:	 		 		 	
	  
	 		 		 	  

	 Signature must be guaranteed
	 		 		 	 Signature

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

 SCHEDULE OF EXCHANGES OF NOTES 
 The following exchanges of a part of this Global Note for physical Notes or a part of another Global Note have been made: 
  

									
	 Date of Exchange
	 	 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
officer of
Trustee

 EXHIBIT F 
 FORM OF NOTE DUE 2024 
 UNLESS THIS NOTE IS PRESENTED BY AN AUTHORIZED
REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION (“DTC”), TO THE ISSUER OR ITS AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE OR PAYMENT, AND ANY NOTE ISSUED IS REGISTERED IN THE NAME OF CEDE & CO. OR IN
SUCH OTHER NAME AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE OR OTHER USE HEREOF FOR
VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS A BENEFICIAL INTEREST HEREIN. 
 TRANSFERS OF THIS GLOBAL SECURITY ARE LIMITED TO TRANSFERS IN WHOLE, BUT NOT IN PART, TO NOMINEES OF DTC OR TO A SUCCESSOR THEREOF OR SUCH SUCCESSOR’S NOMINEE AND TRANSFERS OF PORTIONS OF THIS GLOBAL
SECURITY ARE LIMITED TO TRANSFERS MADE IN ACCORDANCE WITH THE RESTRICTIONS SET FORTH IN THE INDENTURE REFERRED TO ON THE REVERSE HEREOF. 
 THIS SECURITY IS A GLOBAL SECURITY WITHIN THE MEANING OF THE INDENTURE REFERRED TO HEREIN AND IS REGISTERED IN THE NAME OF A DEPOSITARY OR A NOMINEE THEREOF. THIS SECURITY MAY NOT BE EXCHANGED IN WHOLE OR
IN PART FOR A SECURITY REGISTERED, AND NO TRANSFER OF THIS SECURITY IN WHOLE OR IN PART MAY BE REGISTERED, IN THE NAME OF ANY PERSON OTHER THAN SUCH DEPOSITARY OR A NOMINEE THEREOF, EXCEPT IN THE LIMITED CIRCUMSTANCES DESCRIBED IN THE INDENTURE.

 APPLE INC. 
 3.45% Note due 2024 
  

			
	 No.
	  	CUSIP No.: 037833 AS9
		  	ISIN No.: US037833AS94
		
		  	$500,000,000

 APPLE INC., a California corporation (the “Issuer”), for value received promises to pay
to CEDE & CO. or registered assigns the principal sum of 500,000,000 DOLLARS on May 6, 2024. 
 Interest Payment
Dates: May 6 and November 6 (each, an “Interest Payment Date”), beginning on November 6, 2014. 

Interest Record Dates: April 22 and October 23 (each, an “Interest Record Date”). 

Reference is made to the further provisions of this Note contained herein, which will for all purposes have the same effect as if set
forth at this place. 

 IN WITNESS WHEREOF, the Issuer has caused this Note to be signed manually or by facsimile by
its duly authorized officer. 
  

			
	APPLE INC.
		
	By:    	 	  

		 	Name:
		 	 Title:

 This is one of the Securities of the series designated therein and referred to in the
within-mentioned Indenture. 
 Dated: May 6, 2014 

 

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

		
	By:    	 	  

		 	Authorized Signatory

 (REVERSE OF NOTE) 
 APPLE INC. 
 3.45% Note due 2024 

1.      Interest 
 Apple Inc. (the “Issuer”) promises to pay interest on the principal amount of this Note at the rate per annum described above. Cash interest on the Notes will accrue from the most recent
date to which interest has been paid; or, if no interest has been paid, from May 6, 2014. Interest on this Note will be paid to but excluding the relevant Interest Payment Date. The Issuer will pay interest semi-annually in arrears on each
Interest Payment Date, commencing November 6, 2014. Interest will be computed on the basis of a 360-day year consisting of twelve 30-day months in a manner consistent with Rule 11620(b) of the FINRA Uniform Practice Code. 

The Issuer shall pay interest on overdue principal from time to time on demand at the rate borne by the Notes and on overdue installments
of interest (without regard to any applicable grace periods) to the extent lawful. 
 2.      Paying
Agent. 
 Initially, The Bank of New York Mellon Trust Company, N.A. (the “Trustee”) will act as paying agent.
The Issuer may change any paying agent without notice to the Holders. 
 3.      Indenture; Defined
Terms. 
 This Note is one of the 3.45% Notes due 2024 (the “Notes”) issued under an indenture dated as of
April 29, 2013 (the “Base Indenture”) by and between the Issuer and the Trustee, as supplemented by an Officer’s Certificate dated May 6, 2014, issued pursuant to Section 301 of the Indenture (together with the
Base Indenture, the “Indenture”). This Note is a “Security” and the Notes are “Securities” under the Indenture. 
 For purposes of this Note, 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 as in effect on the date on which the Indenture was 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. 
 4.
     Denominations; Transfer; Exchange. 
 The Notes are in registered form, without coupons, in
denominations of $2,000 and any integral multiple of $1,000 in excess thereof. A Holder shall register the transfer or exchange of Notes in accordance with the Indenture. The Issuer may require a Holder, among other things, to

 
furnish appropriate endorsements and transfer documents and to pay certain transfer taxes or similar governmental charges payable in connection therewith as permitted by the Indenture. The Issuer
need not issue, authenticate, register the transfer of or exchange any Notes or portions thereof for a period of fifteen (15) days before the mailing of a notice of redemption, nor need the Issuer register the transfer or exchange of any Note
selected for redemption in whole or in part except the unredeemed portion of any Note being redeemed in part. 
 5.
     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 at least a majority in aggregate principal
amount of each series of Outstanding Securities (including the Notes) under the Indenture that is affected by such amendment, supplement or waiver (voting as a single 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 Trust Indenture Act, or
make any other change that does not adversely affect the rights of any Holder of a Note. 
 6.
     Redemption. 
 The Issuer may at its option redeem any of the Notes in whole or in part at any
time, each at a redemption price calculated by the Issuer equal to the greater of: 
 (i)      100% of
the principal amount of the Notes to be redeemed; and 
 (ii)      the sum of the present values of the
remaining scheduled payments of principal and interest on the notes to be redeemed (exclusive of interest accrued to the date of redemption) discounted to the date of redemption on a semi-annual basis (assuming a 360-day year consisting of twelve
30-day months) at a rate equal to the sum of the applicable Treasury Rate (as defined below) plus 15 basis points, plus in each case accrued and unpaid interest thereon to the date of redemption. 

Notwithstanding the foregoing, installments of interest on 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 the Notes and the Indenture. 

“Comparable Treasury Issue” means the United States Treasury security selected by an Independent Investment Banker as
having a maturity comparable to the remaining term (“Remaining Life”) of the notes to be redeemed that would be utilized, at the time of selection and in accordance with customary financial practice, in pricing new issues of corporate debt
securities of comparable maturity to the remaining term of such notes. 
 “Comparable Treasury Price” means,
with respect to any redemption date, (1) the average of the Reference Treasury Dealer Quotations for such redemption date, after excluding the highest and lowest Reference Treasury Dealer Quotations, or (2) if the Independent

 
Investment Banker obtains fewer than four such Reference Treasury Dealer Quotations, the average of all such quotations. 
 “Independent Investment Banker” means one of the Reference Treasury Dealers that the Issuer shall appoint to act as the Independent Investment Banker from time to time. 

“Reference Treasury Dealer” means (1) each of Goldman, Sachs & Co. and Deutsche Bank Securities Inc. and
their respective successors, unless any of them ceases to be a primary U.S. Government securities dealer in New York City (a “Primary Treasury Dealer”), in which case the Issuer will substitute another Primary Treasury Dealer and
(2) any other Primary Treasury Dealer the Issuer shall select. 
 “Reference Treasury Dealer Quotations”
means, with respect to each Reference Treasury Dealer and any redemption date, the average, as determined by the Independent Investment Banker, of the bid and asked prices for the applicable Comparable Treasury Issue (expressed in each case as a
percentage of its principal amount) quoted in writing to the Independent Investment Banker by such Reference Treasury Dealer at 5:00 p.m., New York City time, on the third business day preceding such redemption date. 

“Treasury Rate” means, with respect to any redemption date, the rate per year equal to: (1) the yield, under the
heading which represents the average for the immediately preceding week, appearing in the most recently published statistical release designated “H.15(519)” or any successor publication which is published weekly by the Board of Governors
of the Federal Reserve System and which establishes yields on actively traded United States Treasury securities adjusted to constant maturity under the caption “Treasury Constant Maturities,” for the maturity corresponding to the
applicable Comparable Treasury Issue; provided that, if no maturity is within three months before or after the Remaining Life of the notes to be redeemed, yields for the two published maturities most closely corresponding to the applicable
Comparable Treasury Issue will be determined and the Treasury Rate will be interpolated or extrapolated from those yields on a straight line basis, rounding to the nearest month; or (2) if such release (or any successor release) is not
published during the week preceding the calculation date or does not contain such yields, the rate per year equal to the semiannual equivalent yield to maturity of the applicable Comparable Treasury Issue, calculated using a price for the applicable
Comparable Treasury Issue (expressed as a percentage of its principal amount) equal to the related Comparable Treasury Price for such redemption date. The Treasury Rate will be calculated by the Issuer on the third business day preceding the
redemption date. As used in the immediately preceding sentence and in the definition of “Reference Treasury Dealer Quotations” above, the term “business day” means any day that is not a Saturday, Sunday or other day on which
commercial banks in New York City are authorized or obligated by law or executive order to close. 
 The provisions of Article
XI of the Indenture shall apply to any redemption of the Notes. 
 Notice of any redemption will be mailed or electronically
delivered at least 30 days but not more than 60 days before the redemption date to each Holder of record of the Notes to be redeemed at its registered address. Unless the Issuer defaults in payment of the redemption price, on and after the
redemption date, interest will cease to accrue on the Notes or portions 

 
thereof called for redemption. If less than all of the Notes are to be redeemed, the Notes to be redeemed shall be selected by the applicable procedures of the Depositary, in the case of Notes
represented by a Global Note, or by lot, in the case of Notes that are not represented by a Global Note. 
 7.
     Defaults and Remedies. 
 If an Event of Default (other than certain bankruptcy Events of Default
with respect to the Issuer) under the Indenture occurs with respect to the Notes and is continuing, then the Trustee may and, at the direction of the Holders of at least 25% in principal amount of the outstanding Notes, shall by written notice,
require the Issuer to repay immediately the entire principal amount of the Outstanding Notes, together with all accrued and unpaid interest and premium, if any. If a bankruptcy Event of Default with respect to the Issuer occurs and is continuing,
then the entire principal amount of the Outstanding Notes together with all accrued and unpaid interest and premium, if any, will automatically become due immediately and payable without any declaration or other act on the part of the Trustee or any
Holder. 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 a majority in aggregate principal amount of the Notes then outstanding to direct the Trustee in its exercise of any trust or power. The Trustee may withhold from Holders of Notes
notice of certain continuing defaults or Events of Default if it determines that withholding notice is not opposed to their interest. 
 8.      Authentication. 
 This Note shall not be valid
until the Trustee manually signs the certificate of authentication on this Note. 
 9.
     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).

 10.      CUSIP Numbers. 
 Pursuant to a recommendation promulgated by the Committee on Uniform Security Identification Procedures, the Issuer 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. 

11.      Governing Law. 
 The Indenture and the Notes shall be governed by, and construed in accordance with, the law of the State of New York. 

 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 Issuer. The agent may substitute another to act for him. 
  

 
 Date:
                                     Your Signature:
                                         
                
  

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

					
		  		 	  

		  		 	 Signature

 Signature Guarantee: 
  

					
	  
	  		 	  

	 Signature must be guaranteed
	  		 	 Signature

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

 SCHEDULE OF EXCHANGES OF NOTES 

The following exchanges of a part of this Global Note for physical Notes or a part of another Global Note have been made: 

 

									
	 Date of Exchange
	 	
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
officer of Trustee

 EXHIBIT G 
 FORM OF NOTE DUE 2044 
 UNLESS THIS NOTE IS PRESENTED BY AN AUTHORIZED
REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION (“DTC”), TO THE ISSUER OR ITS AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE OR PAYMENT, AND ANY NOTE ISSUED IS REGISTERED IN THE NAME OF CEDE & CO. OR IN
SUCH OTHER NAME AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE OR OTHER USE HEREOF FOR
VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS A BENEFICIAL INTEREST HEREIN. 
 TRANSFERS OF THIS GLOBAL SECURITY ARE LIMITED TO TRANSFERS IN WHOLE, BUT NOT IN PART, TO NOMINEES OF DTC OR TO A SUCCESSOR THEREOF OR SUCH SUCCESSOR’S NOMINEE AND TRANSFERS OF PORTIONS OF THIS GLOBAL
SECURITY ARE LIMITED TO TRANSFERS MADE IN ACCORDANCE WITH THE RESTRICTIONS SET FORTH IN THE INDENTURE REFERRED TO ON THE REVERSE HEREOF. 
 THIS SECURITY IS A GLOBAL SECURITY WITHIN THE MEANING OF THE INDENTURE REFERRED TO HEREIN AND IS REGISTERED IN THE NAME OF A DEPOSITARY OR A NOMINEE THEREOF. THIS SECURITY MAY NOT BE EXCHANGED IN WHOLE OR
IN PART FOR A SECURITY REGISTERED, AND NO TRANSFER OF THIS SECURITY IN WHOLE OR IN PART MAY BE REGISTERED, IN THE NAME OF ANY PERSON OTHER THAN SUCH DEPOSITARY OR A NOMINEE THEREOF, EXCEPT IN THE LIMITED CIRCUMSTANCES DESCRIBED IN THE INDENTURE.

 APPLE INC. 
 4.45% Note due 2044 
  

			
	 No.
	  	CUSIP No.: 037833 AT7
		  	ISIN No.: US037833AT77
		
		  	$500,000,000

 APPLE INC., a California corporation (the “Issuer”), for value received promises to pay
to CEDE & CO. or registered assigns the principal sum of 500,000,000 DOLLARS on May 6, 2044. 
 Interest Payment
Dates: May 6 and November 6 (each, an “Interest Payment Date”), beginning on November 6, 2014. 

Interest Record Dates: April 22 and October 23 (each, an “Interest Record Date”). 

Reference is made to the further provisions of this Note contained herein, which will for all purposes have the same effect as if set
forth at this place. 

 IN WITNESS WHEREOF, the Issuer has caused this Note to be signed manually or
by facsimile by its duly authorized officer. 
  

			
	APPLE INC.
		
	By:    	 	  

		 	 Name: 

		 	 Title:   

 This is one of the Securities of the series designated therein and referred to in the
within-mentioned Indenture. 
 Dated: May 6, 2014 

 

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

		 	 Authorized Signatory

 (REVERSE OF NOTE) 
 APPLE INC. 
 4.45% Note due 2044 

1.      Interest 
 Apple Inc. (the “Issuer”) promises to pay interest on the principal amount of this Note at the rate per annum described above. Cash interest on the Notes will accrue from the most recent
date to which interest has been paid; or, if no interest has been paid, from May 6, 2014. Interest on this Note will be paid to but excluding the relevant Interest Payment Date. The Issuer will pay interest semi-annually in arrears on each
Interest Payment Date, commencing November 6, 2014. Interest will be computed on the basis of a 360-day year consisting of twelve 30-day months in a manner consistent with Rule 11620(b) of the FINRA Uniform Practice Code. 

The Issuer shall pay interest on overdue principal from time to time on demand at the rate borne by the Notes and on overdue installments
of interest (without regard to any applicable grace periods) to the extent lawful. 
 2.      Paying
Agent. 
 Initially, The Bank of New York Mellon Trust Company, N.A. (the “Trustee”) will act as paying agent.
The Issuer may change any paying agent without notice to the Holders. 
 3.      Indenture; Defined
Terms. 
 This Note is one of the 4.45% Notes due 2044 (the “Notes”) issued under an indenture dated as of
April 29, 2013 (the “Base Indenture”) by and between the Issuer and the Trustee, as supplemented by an Officer’s Certificate dated May 6, 2014, issued pursuant to Section 301 of the Indenture (together with the
Base Indenture, the “Indenture”). This Note is a “Security” and the Notes are “Securities” under the Indenture. 
 For purposes of this Note, 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 as in effect on the date on which the Indenture was 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. 
 4.
     Denominations; Transfer; Exchange. 
 The Notes are in registered form, without coupons, in
denominations of $2,000 and any integral multiple of $1,000 in excess thereof. A Holder shall register the transfer or exchange of Notes in accordance with the Indenture. The Issuer may require a Holder, among other things, to

 
furnish appropriate endorsements and transfer documents and to pay certain transfer taxes or similar governmental charges payable in connection therewith as permitted by the Indenture. The Issuer
need not issue, authenticate, register the transfer of or exchange any Notes or portions thereof for a period of fifteen (15) days before the mailing of a notice of redemption, nor need the Issuer register the transfer or exchange of any Note
selected for redemption in whole or in part except the unredeemed portion of any Note being redeemed in part. 
 5.
     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 at least a majority in aggregate principal
amount of each series of Outstanding Securities (including the Notes) under the Indenture that is affected by such amendment, supplement or waiver (voting as a single 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 Trust Indenture Act, or
make any other change that does not adversely affect the rights of any Holder of a Note. 
 6.
     Redemption. 
 The Issuer may at its option redeem any of the Notes in whole or in part at any
time, each at a redemption price calculated by the Issuer equal to the greater of: 
 (i)      100% of
the principal amount of the Notes to be redeemed; and 
 (ii)      the sum of the present values of the
remaining scheduled payments of principal and interest on the notes to be redeemed (exclusive of interest accrued to the date of redemption) discounted to the date of redemption on a semi-annual basis (assuming a 360-day year consisting of twelve
30-day months) at a rate equal to the sum of the applicable Treasury Rate (as defined below) plus 15 basis points, plus in each case accrued and unpaid interest thereon to the date of redemption. 

Notwithstanding the foregoing, installments of interest on 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 the Notes and the Indenture. 

“Comparable Treasury Issue” means the United States Treasury security selected by an Independent Investment Banker as
having a maturity comparable to the remaining term (“Remaining Life”) of the notes to be redeemed that would be utilized, at the time of selection and in accordance with customary financial practice, in pricing new issues of corporate debt
securities of comparable maturity to the remaining term of such notes. 
 “Comparable Treasury Price” means,
with respect to any redemption date, (1) the average of the Reference Treasury Dealer Quotations for such redemption date, after excluding the highest and lowest Reference Treasury Dealer Quotations, or (2) if the Independent

 
Investment Banker obtains fewer than four such Reference Treasury Dealer Quotations, the average of all such quotations. 
 “Independent Investment Banker” means one of the Reference Treasury Dealers that the Issuer shall appoint to act as the Independent Investment Banker from time to time. 

“Reference Treasury Dealer” means (1) each of Goldman, Sachs & Co. and Deutsche Bank Securities Inc. and
their respective successors, unless any of them ceases to be a primary U.S. Government securities dealer in New York City (a “Primary Treasury Dealer”), in which case the Issuer will substitute another Primary Treasury Dealer and
(2) any other Primary Treasury Dealer the Issuer shall select. 
 “Reference Treasury Dealer Quotations”
means, with respect to each Reference Treasury Dealer and any redemption date, the average, as determined by the Independent Investment Banker, of the bid and asked prices for the applicable Comparable Treasury Issue (expressed in each case as a
percentage of its principal amount) quoted in writing to the Independent Investment Banker by such Reference Treasury Dealer at 5:00 p.m., New York City time, on the third business day preceding such redemption date. 

“Treasury Rate” means, with respect to any redemption date, the rate per year equal to: (1) the yield, under the
heading which represents the average for the immediately preceding week, appearing in the most recently published statistical release designated “H.15(519)” or any successor publication which is published weekly by the Board of Governors
of the Federal Reserve System and which establishes yields on actively traded United States Treasury securities adjusted to constant maturity under the caption “Treasury Constant Maturities,” for the maturity corresponding to the
applicable Comparable Treasury Issue; provided that, if no maturity is within three months before or after the Remaining Life of the notes to be redeemed, yields for the two published maturities most closely corresponding to the applicable
Comparable Treasury Issue will be determined and the Treasury Rate will be interpolated or extrapolated from those yields on a straight line basis, rounding to the nearest month; or (2) if such release (or any successor release) is not
published during the week preceding the calculation date or does not contain such yields, the rate per year equal to the semiannual equivalent yield to maturity of the applicable Comparable Treasury Issue, calculated using a price for the applicable
Comparable Treasury Issue (expressed as a percentage of its principal amount) equal to the related Comparable Treasury Price for such redemption date. The Treasury Rate will be calculated by the Issuer on the third business day preceding the
redemption date. As used in the immediately preceding sentence and in the definition of “Reference Treasury Dealer Quotations” above, the term “business day” means any day that is not a Saturday, Sunday or other day on which
commercial banks in New York City are authorized or obligated by law or executive order to close. 
 The provisions of Article
XI of the Indenture shall apply to any redemption of the Notes. 
 Notice of any redemption will be mailed or electronically
delivered at least 30 days but not more than 60 days before the redemption date to each Holder of record of the Notes to be redeemed at its registered address. Unless the Issuer defaults in payment of the redemption price, on and after the
redemption date, interest will cease to accrue on the Notes or portions 

 
thereof called for redemption. If less than all of the Notes are to be redeemed, the Notes to be redeemed shall be selected by the applicable procedures of the Depositary, in the case of Notes
represented by a Global Note, or by lot, in the case of Notes that are not represented by a Global Note. 
 7.
     Defaults and Remedies. 
 If an Event of Default (other than certain bankruptcy Events of Default
with respect to the Issuer) under the Indenture occurs with respect to the Notes and is continuing, then the Trustee may and, at the direction of the Holders of at least 25% in principal amount of the outstanding Notes, shall by written notice,
require the Issuer to repay immediately the entire principal amount of the Outstanding Notes, together with all accrued and unpaid interest and premium, if any. If a bankruptcy Event of Default with respect to the Issuer occurs and is continuing,
then the entire principal amount of the Outstanding Notes together with all accrued and unpaid interest and premium, if any, will automatically become due immediately and payable without any declaration or other act on the part of the Trustee or any
Holder. 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 a majority in aggregate principal amount of the Notes then outstanding to direct the Trustee in its exercise of any trust or power. The Trustee may withhold from Holders of Notes
notice of certain continuing defaults or Events of Default if it determines that withholding notice is not opposed to their interest. 
 8.      Authentication. 
 This Note shall not be valid
until the Trustee manually signs the certificate of authentication on this Note. 
 9.
     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).

 10.      CUSIP Numbers. 
 Pursuant to a recommendation promulgated by the Committee on Uniform Security Identification Procedures, the Issuer 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. 

11.      Governing Law. 
 The Indenture and the Notes shall be governed by, and construed in accordance with, the law of the State of New York. 

 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 Issuer. The agent may substitute another to act for him. 
  

 
 Date:
                                     Your Signature:
                                         
                
  

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

					
		 		 	  

		 		 	 Signature

 Signature Guarantee: 
  

					
	  
	 		 	  

	 Signature must be guaranteed
	 		 	 Signature

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

 SCHEDULE OF EXCHANGES OF NOTES 
 The following exchanges of a part of this Global Note for physical Notes or a part of another Global Note have been made: 
  

									
	 Date of Exchange
	 	 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
officer of Trustee

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