Document:

EX-4.12

 Exhibit 4.12 

DESCRIPTION OF THE REGISTRANT’S SECURITIES REGISTERED PURSUANT TO SECTION 12 OF THE SECURITIES EXCHANGE ACT OF 1934, AS AMENDED

 The following is a description of the common stock, par value $0.4867 per share (our “Common Stock”), of Chesapeake Utilities
Corporation (“Chesapeake Utilities,” the “Company,” “we,” “us,” or “our”) registered under Section 12 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”). This
description is a summary and is qualified in its entirety by reference to our Amended and Restated Certificate of Incorporation, as amended (the “Certificate of Incorporation”) and our Amended and Restated Bylaws, as amended (the
“Bylaws”), each of which are incorporated by reference as exhibits to the Annual Report on Form 10-K of which this Exhibit 4.12 is a part. We encourage you to read our Certificate of Incorporation,
our Bylaws, and the applicable provisions of the Delaware General Corporation Law for additional information. 
 Authorized and Outstanding Capital
Stock 
 Our authorized capital stock consists of 50,000,000 shares of our Common Stock and 2,000,000 shares of preferred stock, par value $0.01 per
share (our “Preferred Stock”). As of February 20, 2020, 16,407,017 shares of our Common Stock were outstanding and no shares of our Preferred Stock were outstanding. 

Common Stock 
 Our stockholders are entitled to one vote
for each share held of record on all matters submitted to a vote of stockholders and are entitled to receive dividends when and as declared by the board of directors (the “Board of Directors”) out of funds legally available therefore for
distribution to stockholders and to share ratably in the assets legally available for distribution to stockholders in the event of the liquidation or dissolution, whether voluntary or involuntary, of Chesapeake Utilities. Our stockholders do not
have cumulative voting rights in the election of directors and have no preemptive, subscription, or conversion rights. Our Common Stock is not subject to redemption by us. 

The transfer agent and registrar for our Common Stock is Computershare Trust Company, N.A. 

Preferred Stock 
 Shares of our Preferred Stock may be
issued by us from time to time, by authorization of the Board of Directors and without the necessity of further action or authorization by our stockholders, in one or more series and with such voting powers, designations, preferences and relative,
participating, optional, or other special rights and qualifications as the Board of Directors may, in its discretion, determine, including, but not limited to: (i) the distinctive designation of such series and the number of shares to
constitute such series; (ii) the dividend rights, if any, for such series; (iii) the voting power, if any, of shares of such series; (iv) the terms and conditions (including price), if any, upon which shares of such stock may be
converted into or exchanged for shares of stock of any other class or any other series of the same class or any other securities or assets; (v) our right, if any, to redeem shares of such series and the terms and conditions of such redemption;
(vi) the retirement or sinking fund provisions, if any, of shares of such series and the terms and provisions relative to the operation thereof; (vii) the amount, if any, that the stockholders of such series shall be entitled to receive in
case of a liquidation, dissolution, or winding up of Chesapeake Utilities; (viii) the limitations and restrictions, if any, upon the payment of dividends or the making of other distributions on, and upon the purchase, redemption, or other
acquisition by us of, our Common Stock; and (ix) the conditions or restrictions, if any, upon the creation of indebtedness or upon the issuance of any additional stock of Chesapeake Utilities. 

 Certain Provisions of our Certificate of Incorporation and our Bylaws 

Certain provisions in our Certificate of Incorporation and Bylaws, as well as certain provisions of Delaware Law, may be deemed to have an anti-takeover effect
and may delay, deter, or prevent a tender offer or takeover attempt that a stockholder might consider to be in its best interests, including attempts that might result in a premium being paid over the market price of the shares held by stockholders.
These provisions contained in our Certificate of Incorporation and Bylaws include the items described below. 
 Change of Control Approvals. Pursuant
to our Certificate of Incorporation, the affirmative vote of not less than 75% of the total voting power of all outstanding shares of our capital stock is required to approve a merger or consolidation of Chesapeake Utilities with, or the sale of
substantially all of our assets or business to, any other corporation (other than a corporation 50% or more of the common stock of which is owned by us), if such corporation or its affiliates singly or in the aggregate own or control directly or
indirectly 5% or more of the outstanding shares of our Common Stock, unless the transaction is approved by our Board of Directors prior to the acquisition by such corporation or its affiliates of ownership or control of 5% or more of the outstanding
shares of common stock. 
 Classified Board of Directors. Our Certificate of Incorporation provides for a classified Board of Directors under which
approximately one-third of the members are elected annually for three-year terms. 
 Special Stockholder
Meetings. Our Bylaws provide that a special meeting of stockholders, unless otherwise provided by law or by the Certificate of Incorporation, may be called only by (i) the Chief Executive Officer and (ii) the Chief Executive Officer or
the Secretary at the request in writing of a majority of the Board of Directors, and not at the request of any other person or person. 
 Stockholder
Advance Notice Procedure. Our Bylaws establish an advance notice procedure for stockholders to make nominations of candidates for election as directors or to bring other business before an annual meeting of our stockholders. 

Undesignated Preferred Stock. Because our Board of Directors has the power to establish the preferences and rights of the shares of any additional
series of Preferred Stock, it may afford holders of any Preferred Stock preferences, powers, and rights, including voting and dividend rights, senior to the rights of holders of our Common Stock, which could adversely affect the holders of our
Common Stock and could discourage a takeover of us even if a change of control of Chesapeake Utilities would be beneficial to the interests of our stockholders.EX-4.1

 Exhibit 4.1 
  

Total Capital International, 

Company 
 and

 TOTAL S.A., 

Guarantor 
 TO

 The Bank of New York Mellon, acting through its London Branch 

Trustee 
 Fourth
Supplemental Indenture 
 Dated as of June 29, 2020 

Supplement to Indenture dated as of February 17, 2012, as amended from time to time 

$800,000,000 2.986% Guaranteed Notes Due 2041 

$800,000,000 3.386% Guaranteed Notes Due 2060 

  

 FOURTH SUPPLEMENTAL INDENTURE 

This FOURTH SUPPLEMENTAL INDENTURE, dated as of June 29, 2020 (this “Fourth Supplemental Indenture”), is entered into by and between Total
Capital International, a société anonyme duly organized and existing under the laws of the Republic of France (herein called the “Company”), having its principal office at 2, place Jean Millier, La
Défense 6, 92400 Courbevoie, France, and TOTAL S.A., a société anonyme duly organized and existing under the laws of the Republic of France (herein called the “Guarantor”), having its principal office at 2,
place Jean Millier, La Défense 6, 92400 Courbevoie, and The Bank of New York Mellon, acting through its London Branch, as Trustee (herein called the “Trustee”) having its principal corporate trust office at One Canada Square,
London E14 5AL, United Kingdom. 
 RECITALS 

WHEREAS, the Company and the Guarantor have heretofore executed and delivered to the Trustee the Indenture, dated as of February 17, 2012 (herein called
the “Base Indenture,” and together with the First Supplemental Indenture (as defined below) and this Fourth Supplemental Indenture, the “Indenture”), providing for the issuance from time to time of one or more series of the
Company’s unsecured debentures, notes or other evidences of indebtedness (herein and in the Base Indenture called the “Securities”), the forms and terms of which are to be determined as set forth in Sections 201 and 301 of the
Base Indenture; 
 WHEREAS, for the avoidance of doubt, The Bank of New York Mellon, acting through its London Branch, acts as Trustee and Paying Agent and
The Bank of New York Mellon, New York, acts as Registrar and Transfer Agent under the Indenture; 
 WHEREAS, Section 901(7) of the Base Indenture
permits supplements thereto without the consent of Holders to establish the form or terms of Securities of any series or the form of the Guarantee as permitted by Sections 201 and 301, and Section 901(10) of the Base Indenture permits the
Company to make any other provisions with respect to matters or questions arising under this Indenture, provided, however, that such action shall not adversely affect the interests of the Holders of Securities of any series in any
material respect; and 
 WHEREAS, the Company, the Guarantor and the Trustee entered into a first supplemental indenture dated February 19, 2019 (the
“First Supplemental Indenture”) which amended and supplemented certain provisions of the Base Indenture; 
 WHEREAS, the Company desires to issue
(i) as a single series of Securities under the Base Indenture, U.S.$800,000,000 2.986% Guaranteed Notes Due 2041 (the “2041 Notes”) and (ii) as a single series of Securities under the Base Indenture, U.S.$800,000,000 3.386%
Guaranteed Notes Due 2060 (the “2060 Notes” and, together with the 2041 Notes, the “Notes”), in each case to be issued pursuant to this Fourth Supplemental Indenture; 

WHEREAS, Section 901(4) of the Base Indenture permits supplements thereto without the consent of Holders to provide for a Guarantee of any new series of
Securities; 
 WHEREAS, Section 205 of the Base Indenture sets forth the text of the endorsement of the Guarantee for any Securities to be guaranteed
by the Guarantor and the Guarantor desires to provide the Guarantees provided for herein and in the Base Indenture for the benefit of the holders of the Notes; 

WHEREAS, this Fourth Supplemental Indenture only applies to the Notes; to the extent that the terms of the Base Indenture are inconsistent with the provisions
of this Fourth Supplemental Indenture, the terms of this Fourth Supplemental Indenture shall govern; 
 WHEREAS, all things necessary to make this Fourth
Supplemental Indenture a valid agreement of the Company and the Guarantor, in accordance with its terms, have been done. 

  
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 NOW THEREFORE, in consideration of the premises and the purchase of the Securities by the Holders thereof,
it is mutually covenanted and agreed, for the equal and proportionate benefit of all Holders of the Securities or of any series thereof, as follows: 

ARTICLE ONE 
 DEFINITIONS

 Section 101. Definition of Terms. Unless the context otherwise requires: 

(a) each term defined in the Indenture has the same meaning when used in this Fourth Supplemental Indenture; 

(b) each term defined anywhere in this Fourth Supplemental Indenture has the same meaning throughout; 

(c) the singular includes the plural and vice versa; and 

(d) headings are for convenience of reference only and do not affect interpretation. 

Section 102. Supplemental Definitions. The following definitions shall apply to the Notes only: 

“Applicable Law” means any law or regulation. 

“Authority” means any competent regulatory, prosecuting, Tax or governmental authority in any jurisdiction. 

“Code” means the U.S. Internal Revenue Code of 1986, as amended. 

“FATCA Withholding” means any withholding or deduction imposed or required pursuant to Sections 1471 through 1474 of the Code (or any amended or
successor version that is substantively comparable), any current or future regulations or official interpretations thereof, any agreements entered into pursuant to Section 1471(b)(1) of the Code and any fiscal or regulatory legislation, rules
or practices adopted pursuant to any intergovernmental agreement, treaty or convention among Governmental Authorities and implementing such Sections of the Code. 

“Tax” means any present or future taxes, duties, assessments or governmental charges of whatever nature imposed, levied, collected, withheld or
assessed by or on behalf of any Authority having power to tax. 
 ARTICLE TWO 

GENERAL TERMS AND CONDITIONS OF THE NOTES 

SECTION 201. Designation and Principal Amount. There is hereby authorized and established the following series of Securities under the Indenture,
designated (i) the “U.S.$ 800,000,000 2.986% Guaranteed Notes Due 2041” and (ii) the “U.S.$ 800,000,000 3.386% Guaranteed Notes Due 2060”, which shall be deemed “Securities” for all purposes under the
Indenture. 
 SECTION 202. Maturity. The Stated Maturity of principal of (i) the 2041 Notes is June 29, 2041 and (ii) the 2060
Notes is June 29, 2060. 
 SECTION 203. Further Issues. The Company may from time to time, without the consent of the Holders of the Notes,
issue additional Notes. Any such additional Notes will have the same ranking, interest rate, 

  
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maturity date and other terms (except for the date from which interest accrues, the issue price and, in some cases, the first interest payment date on the new notes, if any) as the Notes herein
provided for. Any such additional Notes, together with the Notes herein provided for, will constitute a single series of Securities under the Indenture. Any additional Notes shall be issued under a separate CUSIP or ISIN number unless the additional
Notes are issued pursuant to a “qualified reopening” of the original series, are otherwise treated as part of the same “issue” of debt instruments as the original series or are issued with no more than a de minimis amount of
original discount, in each case for U.S. federal income tax purposes. 
 SECTION 204. Form of Notes. The form of each series of Notes shall be
substantially as set forth in Exhibit A and Exhibit B, as attached hereto, which is incorporated herein and made part hereof. 

SECTION 205. Interest. The Notes shall bear interest, be payable and have such other terms as are stated in the form of the Notes attached hereto
as Exhibit A and Exhibit B and in the Base Indenture, as supplemented by the First Supplemental Indenture and this Fourth Supplemental Indenture. 

SECTION 205. Redemption. 
 Prior to December 29,
2040 (six months prior to the Stated Maturity), the Company has the right to redeem the 2041 notes in whole or in part, at any time and from time to time, at a redemption price equal to the greater of (i) 100% of the principal amount of the
2041 Notes to be redeemed and (ii) the sum of the present values of the remaining scheduled payments of principal and interest on the 2041 Notes to be redeemed that would be due if such 2041 notes matured on December 29, 2040 (six months
prior to the Stated Maturity) (not including any portion of payments of interest accrued to the redemption date) discounted to the redemption date on a semi-annual basis (assuming a 360-day year consisting of twelve 30-day months) at the Treasury
Rate (as defined in Exhibit A hereto) plus 25 basis points, plus accrued and unpaid interest to (but excluding) the date of redemption. In accordance with the terms of the 2041 Notes, the Quotation Agent (as defined in
Exhibit A hereto) shall be responsible for calculating the make-whole amount in connection with any redemption hereunder. 
 On or after
December 29, 2040 (six months prior to the Stated Maturity), the Company has the right to redeem the 2041 notes in whole or in part, at any time and from time to time, at a redemption price equal to 100% of the principal amount of the 2041
Notes to be redeemed, plus accrued and unpaid interest to (but excluding) the date of redemption. 
 Prior to December 29, 2059 (six months
prior to the Stated Maturity), the Company has the right to redeem the 2060 notes in whole or in part, at any time and from time to time, at a redemption price equal to the greater of (i) 100% of the principal amount of the 2060 Notes to be
redeemed and (ii) the sum of the present values of the remaining scheduled payments of principal and interest on the 2060 Notes to be redeemed that would be due if such 2060 notes matured on December 29, 2059 (six months prior to the
Stated Maturity) (not including any portion of payments of interest accrued to the redemption date) discounted to the redemption date on a semi-annual basis (assuming a 360-day year consisting of twelve 30-day months) at the Treasury Rate (as
defined in Exhibit B hereto) plus 30 basis points, plus accrued and unpaid interest to (but excluding) the date of redemption. In accordance with the terms of the 2060 Notes, the Quotation Agent (as defined in Exhibit B
hereto) shall be responsible for calculating the make-whole amount in connection with any redemption hereunder. 
 On or after December 29, 2059 (six
months prior to the Stated Maturity), the Company has the right to redeem the 2060 notes in whole or in part, at any time and from time to time, at a redemption price equal to 100% of the principal amount of the 2060 Notes to be redeemed, plus
accrued and unpaid interest to (but excluding) the date of redemption. 
 SECTION 207. Issuance of Notes; Selection of Depositary. The Notes
shall be issued as Global Securities in registered form, without coupons. The initial Depositary for the Notes shall be The Depository Trust Company. 

  
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 SECTION 208. Authorized Denominations. The Notes shall be issuable in denominations of
U.S.$2,000 and any integral multiple of U.S.$1,000. 
 SECTION 209. No Sinking Fund. No sinking fund will be provided with respect to the Notes.

  
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 ARTICLE THREE 

AMENDMENTS TO THE BASE INDENTURE 

APPLICABLE TO THE NOTES ONLY 

SECTION 401. FATCA Undertakings. With respect to the Notes only, the Base Indenture is amended by adding Article Thirteen, which shall read as
follows: 
 ARTICLE THIRTEEN 

Section 1301. Mutual Undertaking Regarding Information Reporting and Collection Obligations. 

Each party to this Indenture shall, within ten (10) business days of a written request by another party to this Indenture, supply to that other party such
forms, documentation and other information relating to it, its operations, or the Notes as that other party reasonably requests for the purposes of that other party’s compliance with Applicable Law and shall notify the relevant other party
reasonably promptly in the event that it becomes aware that any of the forms, documentation or other information provided by such party is (or becomes) inaccurate in any material respect; provided, however, that no party to this Indenture shall be
required to provide any forms, documentation or other information pursuant to this Article to the extent that: (i) any such form, documentation or other information (or the information required to be provided on such form or documentation) is
not reasonably available to such party and cannot be obtained by such party using reasonable efforts; or (ii) doing so would or might in the reasonable opinion of such party constitute a breach of any: (a) Applicable Law;
(b) fiduciary duty; or (c) duty of confidentiality. For purposes of this this Article, “Applicable Law” shall be deemed to include (i) any rule or practice of any Authority by which any party is bound or with which it is
accustomed to comply; (ii) any agreement between any Authorities; and (iii) any agreement between any Authority and any party to this Indenture that is customarily entered into by institutions of a similar nature. 

Section 1302. Notice of Possible Withholding Under FATCA. 

The Company shall notify each Paying Agent in the event that it determines that any payment to be made by a Paying Agent under the Notes is a payment which
could be subject to FATCA Withholding if such payment were made to a recipient that is generally unable to receive payments free from FATCA Withholding, and the extent to which the relevant payment is so treated, provided, however, that the
Company’s obligation under this this Section 1302 shall apply only to the extent that such payments are so treated by virtue of characteristics of the Company, the Notes, or both. 

Section 1303. Agent Right to Withhold. 

Notwithstanding any other provision of this Indenture, each Paying Agent shall be entitled to make a deduction or withholding from any payment which it makes
under the Notes for or on account of any Tax, if and only to the extent so required by Applicable Law, in which event the Paying Agent shall make such payment after such deduction or withholding has been made and shall account to the relevant
Authority within the time allowed for the amount so deducted or withheld or, at its option, shall reasonably promptly after making such payment return to the Company the amount so deducted or withheld, in which case, the Company shall so account to
the relevant Authority for such amount. For the avoidance of doubt, FATCA Withholding is a deduction or withholding which is deemed to be required by Applicable Law for the purposes of this this Section 1303. 

Section 1304. Issuer Right to Redirect. 
 In the
event that the Company determines in its sole discretion that any deduction or withholding for or on account of any Tax will be required by Applicable Law in connection with any payment due to any of the Paying Agents on the Notes, then the Company
will be entitled to redirect or reorganize any such payment in any way that it sees fit in order that the payment may be made without such deduction or withholding 

  
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provided that, any such redirected or reorganized payment is made through a recognized institution of international standing and otherwise made in accordance with this Indenture. The Company will
promptly notify the Paying Agents and the Trustee of any such redirection or reorganization. For the avoidance of doubt, FATCA Withholding is a deduction or withholding which is deemed to be required by Applicable Law for the purposes of this
Section 1304. 
 SECTION 402. Additional Amounts. With respect to the Notes only, Section 1010 of the Base Indenture is amended by
adding a paragraph to Section 1010, which shall read as follows: 
 Furthermore, any amounts to be paid by the Company or the Guarantor, as the case
may be, on the debt securities will be paid net of any FATCA Withholding. Neither the Company nor the Guarantor will be required to pay Additional Amounts on account of any FATCA Withholding. 

ARTICLE FOUR 

MISCELLANEOUS 
 SECTION 401.
Execution as Supplemental Indenture. This Fourth Supplemental Indenture is executed and shall be construed as an indenture supplemental to the Base Indenture, as amended from time to time, and, as provided in the Base Indenture, this Fourth
Supplemental Indenture forms a part thereof. Except as herein expressly otherwise defined, the use of the terms and expressions herein is in accordance with the definitions, uses and constructions contained in the Base Indenture. 

SECTION 402. Provisions Binding on Company’s and Guarantor’s Successors. All the covenants, stipulations, promises and agreements of the
Company contained in this Fourth Supplemental Indenture shall bind the Company’s successors and assigns whether so expressed or not. All the covenants, stipulations, promises and agreements of the Guarantor contained in this Fourth Supplemental
Indenture shall bind the Guarantor’s successors and assigns whether so expressed or not. 
 SECTION 403. New York Contract. This Fourth
Supplemental Indenture, each Note and the Guarantees shall be governed by and construed in accordance with the laws of the state of New York. 

SECTION 404. Execution and Counterparts. This Fourth Supplemental Indenture may be executed with counterpart signature pages or in any number of
counterparts, each of which shall be an original but such counterparts shall together constitute but one and the same instrument. 
 The words
“execution,” signed,” “signature,” and words of like import in this Fourth Supplemental Indenture, the Securities or in any other certificate, agreement or document related to this Fourth Supplemental Indenture or the
offering and sale of the Securities shall include images of manually executed signatures transmitted by facsimile or other electronic format (including, without limitation, “pdf”, “tif” or “jpg”) and other electronic
signatures (including, without limitation, DocuSign and AdobeSign or any other electronic process or digital signature provider as specified in writing to the Trustee and agreed to by the Trustee in its sole discretion ). The use of electronic
signatures and electronic records (including, without limitation, any contract or other record created, generated, sent, communicated, received, or stored by electronic means) shall be of the same legal effect, validity and enforceability as a
manually executed signature or use of a paper-based record-keeping system to the fullest extent permitted by applicable law, including the Federal Electronic Signatures in Global and National Commerce Act, the New York State Electronic Signatures
and Records Act and any other applicable law, including, without limitation, any state law based on the Uniform Electronic Transactions Act. Each party agrees that this Fourth Supplemental Indenture, the Securites and any other documents to be
delivered in connection herewith may be electronically or digitally signed using DocuSign (or any other electronic process or digital signature provider as specified in writing to the Trustee and agreed to by the Trustee in its sole discretion), and
that any such electronic or digital signatures appearing on this Fourth Supplemental Indenture, the Securities or such other documents are the same as handwritten signatures for the purposes of validity, enforceability and admissibility. The Company
agrees to assume all risks arising out 

  
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of the use of electronic or digital signatures and electronic methods to submit any communications to Trustee, including without limitation the risk of the Trustee acting on unauthorized
instructions, and the risk of interception and misuse by third parties. 
 SECTION 405. Capitalized Terms. Capitalized terms not otherwise
defined in this Fourth Supplemental Indenture shall have the respective meanings assigned to them in the Base Indenture. 

  
 7 

 IN WITNESS WHEREOF, the Company and the Trustee hereto have caused this Fourth Supplemental Indenture to be
duly executed, and the Guarantor has caused this Fourth Supplemental Indenture to be signed on its behalf by its duly appointed attorney, all as of the day and year first above written. 

 

			
	TOTAL CAPITAL INTERNATIONAL
	 By:
	 	TOTAL FINANCE CORPORATE SERVICES LIMITED

  

			
	By	 	/s/ ANTOINE LARENAUDIE
	 Name:
	 	Antoine Larenaudie
	 Title:
	 	Authorized Signatory of Total Finance Corporate Services Limited

 Attest: 
  

 

			
	By:	 	/s/ VINCENT SIMONET
	 Name:
	 	Vincent Simonet
	 Title:
	 	Authorized Signatory

  

			
	 	 	TOTAL S.A.
	By:	 	/s/ ANTOINE LARENAUDIE
	 Name:
	 	Antoine Larenaudie
	 Title:
	 	 Group Treasurer 

  
 [Signature Page to Fourth
Supplemental Indenture] 

  
 8 

 
			
	THE BANK OF NEW YORK MELLON, acting
through its London Branch, as Trustee
	 By:
	 	/s/ MELISSA LAIDLEY
		 	  

	 Name:
	 	Melissa Laidley
	 Title:
	 	Vice President

 [Signature Page to the Fourth Supplemental Indenture] 

  
 9 

 EXHIBIT A 

FORM OF NOTES 
 Face of Security

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

 UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION (“DTC”), TO THE
COMPANY OR ITS AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE, OR PAYMENT, AND ANY CERTIFICATE ISSUED IS REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT IS
MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE, OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF,
CEDE & CO., HAS AN INTEREST HEREIN.] 
 TOTAL CAPITAL INTERNATIONAL 

2.986% GUARANTEED NOTE DUE 2041 
  

					
	 No. [ ]
	  	U.S.$ [___]	 
		  	 	CUSIP [___]	 
		  	 	ISIN [___]	 

 TOTAL CAPITAL INTERNATIONAL, a société anonyme duly organized and existing under the laws of the Republic
of France with a capital of €300,000 having its registered office at 2 Place Jean Millier, La Défense 6, 92400 Courbevoie, France, for a term that will expire on December 13, 2103, with the Registry of Commerce and Companies
(Registre du commerce et des sociétés) of Nanterre under No. 479 858 854 (herein called the “Company”, which term includes any successor or substitute corporation under the Indenture hereinafter referred to), for
value received, hereby promises to pay to Cede & Co., or registered assigns, the principal sum of [            ]
(U.S.$[            ]) on June 29, 2041 and to pay interest thereon from June 29, 2020 or from the most recent Interest Payment Date to which interest has been paid or duly
provided for, semi-annually on June 29 and December 29 of each year (each an “Interest Payment Date”), commencing December 29, 2020, at the rate of 2.986% per annum, until the principal hereof is paid or made available
for payment. The interest so payable, and punctually paid or duly provided for, on any Interest Payment Date will, as provided in such Indenture, be paid to the Person in whose name this Security (or one or more Predecessor Securities) is registered
at the close of business on the Regular Record Date for such interest, which shall be June 14 or December 14 (whether or not a Business Day), as the case may be, next preceding such Interest Payment Date. Any such interest not so
punctually paid or duly provided for will forthwith cease to be payable to the Holder on such Regular Record Date and may either be paid to the Person in whose name this Security (or one or more Predecessor Securities) is registered at the close of
business on a Special Record Date for the payment of such Defaulted Interest to be fixed by the Trustee, notice whereof shall be given to Holders of Securities of this series not less than 

  
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10 days prior to such Special Record Date, or be paid at any time in any other lawful manner not inconsistent with the requirements of any securities exchange on which the Securities of this
series may be listed, and upon such notice as may be required by such exchange, all as more fully provided in said Indenture. 

 If any
deduction or withholding for any present or future taxes, assessments or other governmental charges of the jurisdiction (or any political subdivision or taxing authority thereof or therein) in which the Company is incorporated, shall at any time be
required by such jurisdiction (or any such political subdivision or taxing authority thereof or therein) in respect of any amounts to be paid by the Company of principal of or interest on a Security of any series, then the Company will pay to the
Holder of a Security of such series such additional amounts as may be necessary in order that the net amounts paid to such Holder of such Security, after such deduction or withholding, shall be not less than the amounts specified in such Security to
which such Holder is otherwise entitled; provided, however, that the Company shall not be required to make any payment of additional amounts for or on account of: 

 

	(a)	 any tax, assessment or other governmental charge which would not have been imposed but for (i) the
existence of any present or former connection between such Holder (or between a fiduciary, settlor, beneficiary, member or shareholder of, or possessor of a power over, such Holder, if such Holder is an estate, trust, partnership or corporation) and
the taxing jurisdiction or any political subdivision or territory or possession thereof or area subject to its jurisdiction, including, without limitation, such Holder (or such fiduciary, settlor, beneficiary, member, shareholder or possessor) being
or having been a citizen or resident thereof or being or having been present or engaged in trade or business therein or having or having had a permanent establishment therein or (ii) the presentation of a Security of such series (where
presentation is required) for payment on a date more than 30 days after the date on which such payment became due and payable or the date on which payment thereof is duly provided for, whichever occurs later; 

 

	(b)	 any estate, inheritance, gift, sale, transfer, personal property or similar tax, assessment or other
governmental charge; 

  

	(c)	 any tax, assessment or other governmental charge that is payable otherwise than by withholding from payments of
(or in respect of) principal of, or any interest on, the Securities of such series; 

  

	(d)	 any tax, assessment or other governmental charge that is imposed or withheld by reason of the failure by the
Holder or the beneficial owner of the Security of such series (i) to provide information concerning the nationality, residence or identity of the Holder or such beneficial owner or (ii) to make any declaration or other similar claim or
satisfy any information or reporting requirements, which, in the case of (i) or (ii), is required or imposed by a statute, treaty, regulation or administrative practice of the taxing jurisdiction as a precondition to exemption from all or part
of such tax, assessment or other governmental charge; 

  

	(e)	 any tax, assessment or other governmental charge which such Holder would have been able to avoid by presenting
such Security to another Paying Agent; or 

  

	(f)	 any combination of items (a), (b), (c), (d) and (e) above; nor shall additional amounts be paid with
respect to any payment of the principal of, or any interest on, any Security of such series to any Holder who is a fiduciary or partnership or other than the sole beneficial owner of such payment to the extent such payment would be required by the
laws of the jurisdiction (or any political subdivision or taxing authority thereof or therein) to be included in the income for tax purposes of a beneficiary or settlor with respect to such fiduciary or a member of such partnership or a beneficial
owner who would not have been entitled to such additional amounts had it been the Holder of such Security. 

 Furthermore, any amounts to
be paid by the Company on the debt securities will be paid net of any FATCA Withholding. The Company will not be required to pay additional amounts on account of any FATCA Withholding. 

  
 A-2 

 The foregoing provisions shall apply mutatis mutandis to any withholding or deduction in respect of
any amount to be paid by the Company of principal of or interest on a Security of any series (i) for or on account of any present or future taxes, assessments or governmental charges of whatever nature of any jurisdiction in which any successor
or substitute Person to the Company is organized, or any political subdivision or taxing authority thereof or therein; or (ii) if another Person merges into or transfers its assets to the Company pursuant to Section 801, for or on account
of any taxes, assessments or governmental charges levied by the jurisdiction in which such other Person is organized, or by any political subdivision or taxing authority thereof, as a result of (x) the Company’s being treated as engaged in
a trade or business, or having a permanent establishment, in such jurisdiction and (y) the payment of principal or interest being allocable or attributable to such trade or business or permanent establishment. 

Payment of the principal of (and premium, if any) and interest on this Security will be made at the Corporate Trust Office of the Trustee, as Paying Agent, in
The City of New York, in such coin or currency of the United States of America as at the time of payment is legal tender for payment of public and private debts; provided, however, that at the option of the Company payment of interest
may be made by check mailed to the address of the Person entitled thereto as such address shall appear in the Security Register. 
 Reference is hereby made
to the further provisions of this Security set forth on the reverse hereof, which further provisions shall for all purposes have the same effect as if set forth at this place. 

Unless the certificate of authentication hereon has been executed by the Trustee referred to on the reverse hereof by manual signature, this Security shall
not be entitled to any benefit under the Indenture or be valid or obligatory for any purpose. 

  
 A-3 

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

Dated: June 29, 2020 
  

			
	TOTAL CAPITAL INTERNATIONAL
	 By:
	 	TOTAL FINANCE CORPORATE SERVICES LIMITED

  

			
	By	 	  

	 Name:
	 	Antoine Larenaudie
	 Title:
	 	Authorized Signatory of Total Finance Corporate Services Limited

 Attest: 
  

 

			
	 	 	  

	 Name:
	 	Vincent Simonet
	 Title:
	 	Authorized Signatory

  
 A-4 

 Trustee’s Certificate of Authentication 

This is one of the Securities of the series designated therein referred to in the within-mentioned Indenture. 

Dated: June 29, 2020 
  

			
	 THE BANK OF NEW YORK MELLON,
LONDON BRANCH
as Trustee

 

			
	By	 	  

	 Title:
	 	Authorized Signatory

  
 A-5 

 REVERSE OF SECURITY 

This Security is one of a duly authorized issue of securities of the Company (herein called the “Securities”), issued and to be issued outside
France in one or more series under an Indenture, dated as of February 17, 2012, as supplemented by the first supplemental indenture, dated February 19, 2019 and the fourth supplemental indenture dated June 29, 2020 (herein called the
“Indenture”), among the Company, as issuer, TOTAL S.A., as Guarantor (herein called the “Guarantor”), and The Bank of New York Mellon, acting through its London Branch, as Trustee (herein called the “Trustee”, which
term includes any successor trustee under the Indenture), to which Indenture and all indentures supplemental thereto reference is hereby made for a statement of the respective rights, limitation of rights, duties and immunities thereunder of the
Company, the Guarantor, the Trustee and the Holders of the Securities and of the terms upon which the Securities are, and are to be, authenticated and delivered. This Security is one of the series designated on the face hereof, initially limited in
aggregate principal amount to U.S.$800,000,000. 
 The Securities of this series are subject to redemption upon not less than 30 nor more than 60 days’
notice by mail, as follows: (A) prior to December 29, 2040 (six months prior to the Stated Maturity), the Company has the right to redeem the 2041 notes in whole or in part, at any time and from time to time, at a redemption price (the
“Optional Make-Whole Redemption Price”) 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 Securities to be redeemed that would be due if such 2041 Notes matured on December 29, 2040 (six months prior to the Stated Maturity) (not including any portion of payments of interest accrued to the relevant redemption date (any such date,
the “Redemption Date”)) discounted to the relevant Redemption Date on a semi-annual basis (assuming a 360-day year consisting of twelve 30-day months) at the Treasury Rate plus 25 basis points, plus accrued and unpaid
interest to (but excluding) the relevant Redemption Date and (B) on or after December 29, 2040 (six months prior to Stated Maturity), the Notes shall be redeemable in whole or in part, at any time and from time to time, at a redemption
price equal to 100% of the principal amount of the Notes to be redeemed, plus accrued and unpaid interest to (but excluding) the Redemption Date. 

For purposes of determining the Optional Make-Whole Redemption Price, the following definitions are applicable. 

“Treasury Rate” means, with respect to any Redemption Date, the rate per year equal to the semi-annual equivalent yield to maturity or interpolated
(on a day count basis) of the Comparable Treasury Issue, assuming a price for the Comparable Treasury Issue (expressed as a percentage of its principal amount) equal to the Comparable Treasury Price for such Redemption Date. 

“Comparable Treasury Issue” means the U.S. Treasury security or securities selected by the Quotation Agent as having an actual or interpolated
maturity comparable to the remaining term of the Securities of this series 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 Securities. 
 “Comparable Treasury Price” means, with respect to any Redemption Date, the
average of the Reference Treasury Dealer Quotations for such Redemption Date. 
 “Quotation Agent” means one of the Reference Treasury Dealers
appointed by Total Capital International and TOTAL S.A. The quotation agent will determine the applicable make-whole premium and deliver such determination to Total Capital International and TOTAL S.A., with a copy to the Trustee. 

“Reference Treasury Dealer” means each of Barclays Capital Inc., BofA Securities, Inc., Citigroup Global Markets Inc., Deutsche Bank Securities
Inc., HSBC Securities (USA) Inc., Morgan Stanley & Co. LLC and a primary U.S. government securities dealer selected by each of Credit Agricole Securities (USA) Inc., MUFG Securities Americas Inc. and Standard Chartered Bank or their
respective affiliates which are primary U.S. government securities dealers, and their respective successors, and three other primary U.S. 

  
 A-6 

 
government securities dealers selected by Total Capital International and TOTAL S.A., provided, however, that if any of the foregoing shall cease to be a primary U.S. government securities dealer
in the United States (a “Primary Treasury Dealer”), Total Capital International and TOTAL S.A. shall substitute therefore another Primary Treasury Dealer. 

“Reference Treasury Dealer Quotations” means with respect to each Reference Treasury Dealer and any Redemption Date, the average, as determined by
the Quotation Agent, of the bid and asked prices for the Comparable Treasury Issue (expressed in each case as a percentage of its principal amount) quoted in writing to the Quotation Agent by such Reference Treasury Dealer at 3:30 p.m. New York
time on the third Business Day preceding such Redemption Date. 
 Interest will be computed on the basis of a 360-day year of twelve 30-day months. 

“Business Day” shall mean each Monday, Tuesday, Wednesday, Thursday and Friday which is not a day on which banking or trust institutions in The City
of New York are authorized generally or obligated by law, regulation or executive order to close. 
 If an Event of Default with respect to Securities of
this series shall occur and be continuing, the principal of the Securities of this series may be declared due and payable in the manner and with the effect provided in the Indenture. 

In the event of redemption of this Security in part only, a new Security or Securities of this series for the unredeemed portion hereof will be issued in the
name of the Holder hereof upon the cancellation hereof. 
 This Security is also redeemable prior to Stated Maturity as permitted under Section 1108
(“Optional Redemption Due to Changes in Tax Treatment”); the date specified for the Securities of this series, for the purpose of said Section 1108, is June 29, 2020. 

The Indenture permits, with certain exceptions as therein provided, the amendment thereof and the modification of the rights and obligations of the Company
and the Guarantor and the rights of the Holders of the Securities of each series to be affected under the Indenture at any time by the Company, the Guarantor and the Trustee with the consent of the Holders of a majority in principal amount of the
Securities at the time Outstanding of each series to be affected. The Indenture also contains provisions permitting the Holders of specified percentages in principal amount of the Securities of each series at the time Outstanding, on behalf of the
Holders of all Securities of such series, to waive compliance by the Company or the Guarantor, or both, with certain provisions of the Indenture and certain past defaults under the Indenture and their consequences. Any such consent or waiver by the
Holder of this Security shall be conclusive and binding upon such Holder and upon all future Holders of this Security and of any Security issued upon the registration of transfer hereof or in exchange herefor or in lieu hereof, whether or not
notation of such consent or waiver is made upon this Security. 
 As provided in and subject to the provisions of the Indenture, the Holder of this Security
shall not have the right to institute any proceeding with respect to the Indenture or for the appointment of a receiver or trustee or for any other remedy thereunder, unless such Holder shall have previously given the Trustee written notice of a
continuing Event of Default with respect to the Securities of this series, the Holders of not less than 25% in principal amount of the Securities of this series at the time Outstanding shall have made written request to the Trustee to institute
proceedings in respect of such Event of Default as Trustee and offered the Trustee reasonable indemnity, and the Trustee shall not have received from the Holders of a majority in principal amount of Securities of this series at the time Outstanding
a direction inconsistent with such request, and shall have failed to institute any such proceeding, for 60 days after receipt of such notice, request and offer of indemnity. The foregoing shall not apply to any suit instituted by the Holder of this
Security for the enforcement of any payment of principal hereof or any premium or interest hereon on or after the respective due dates expressed or provided for herein. 

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

  
 A-7 

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

The Securities of this series are issuable only in registered form without coupons in denominations of U.S.$2,000 and any integral multiple of U.S.$1,000. As
provided in the Indenture and subject to certain limitations therein set forth, Securities of this series are exchangeable for a like aggregate principal amount of Securities of this series of a different authorized denomination, as requested by the
Holder surrendering the same. 
 No service charge shall be made for any such registration of transfer or exchange, but the Company may require payment of a
sum sufficient to cover any tax or other governmental charge payable in connection therewith. 
 Prior to due presentment of this Security for registration
of transfer, the Company, the Guarantor, the Trustee and any agent of the Company, the Guarantor or the Trustee may treat the Person in whose name this Security is registered as the owner hereof for all purposes (subject to Section 307 of the
Indenture), whether or not this Security be overdue, and neither the Company, the Guarantor, the Trustee nor any such agent shall be affected by notice to the contrary. 

The Indenture provides that the Company and the Guarantor, at the Guarantor’s option, (a) will be discharged from any and all obligations in respect
of the Securities (except for certain obligations to register the transfer or exchange of Securities, replace stolen, lost or mutilated Securities, maintain paying agencies and hold moneys for payment in trust) or (b) need not comply with
certain restrictive covenants of the Indenture, in each case if the Company or the Guarantor deposits, in trust, with the Trustee money or U.S. Government Obligations which, through the payment of interest thereon and principal thereof in accordance
with their terms, will provide money, in an amount sufficient to pay all the principal (including any mandatory sinking fund payments) of, and premium, if any, and interest on, the Securities on the dates such payments are due in accordance with the
terms of such Securities and Guarantee, and certain other conditions are satisfied. 
 All terms used in this Security which are defined in the Indenture
shall have the meanings assigned to them in the Indenture. 

  
 A-8 

 GUARANTEE OF TOTAL S.A. 

For value received, TOTAL S.A., a société anonyme duly organized and existing under the laws of the Republic of France (herein called the
“Guarantor”, which term includes any successor corporation under the Indenture referred to in the Security upon which this Guarantee is endorsed), hereby unconditionally guarantees to the Holder of the Security upon which this Guarantee is
endorsed and to the Trustee referred to in such Indenture due and prompt payment of the principal of (and premium, if any) and interest (including additional amounts) on such Security, when and as the same shall become due and payable, whether at
the Stated Maturity, by declaration of acceleration, call for redemption or otherwise, according to the terms thereof and of the Indenture referred to therein. In case of the failure of Total Capital International, a société
anonyme duly organized and existing under the laws of the Republic of France (herein called the “Company”, which term includes any successor corporation under such Indenture) punctually to make any such principal, premium or interest
(including additional amounts) payment, the Guarantor hereby agrees to cause any such payment to be made promptly when and as the same shall become due and payable, whether at the Stated Maturity, by declaration of acceleration, call for redemption
or otherwise, and as if such payment were made by the Company. 
 The Guarantor hereby further agrees, subject to the limitations and exceptions set forth
below, that if any deduction or withholding for any present or future taxes, assessments or other governmental charges of the jurisdiction (or any political subdivision or taxing authority thereof or therein) in which the Guarantor is incorporated,
shall at any time be required by such jurisdiction (or any such political subdivision or taxing authority thereof or therein) in respect of any amounts to be paid by the Guarantor under this Guarantee, the Guarantor will pay to the Holder of a
Security of such series such additional amounts as may be necessary in order that the net amounts paid to such Holder of such Security, after such deduction or withholding, shall be not less than the amounts specified in such Security to which such
Holder is otherwise entitled; provided, however, that the Guarantor shall not be required to make any payment of additional amounts for or on account of: 
  

	(a)	 any tax, assessment or other governmental charge which would not have been imposed but for (i) the
existence of any present or former connection between such Holder (or between a fiduciary, settlor, beneficiary, member or shareholder of, or possessor of a power over, such Holder, if such Holder is an estate, trust, partnership or corporation) and
the taxing jurisdiction or any political subdivision or territory or possession thereof or area subject to its jurisdiction, including, without limitation, such Holder (or such fiduciary, settlor, beneficiary, member, shareholder or possessor) being
or having been a citizen or resident thereof or being or having been present or engaged in trade or business therein or having or having had a permanent establishment therein or (ii) the presentation of a Security of such series (where
presentation is required) for payment on a date more than 30 days after the date on which such payment became due and payable or the date on which payment thereof is duly provided for, whichever occurs later; 

 

	(b)	 any estate, inheritance, gift, sale, transfer, personal property or similar tax, assessment or other
governmental charge; 

  

	(c)	 any tax, assessment or other governmental charge that is payable otherwise than by withholding from payments of
(or in respect of) principal of, or any interest on, the Securities of such series; 

  

	(d)	 any tax, assessment or other governmental charge that is imposed or withheld by reason of the failure by the
Holder or the beneficial owner of the Security of such series (i) to provide information concerning the nationality, residence or identity of the Holder or such beneficial owner or (ii) to make any declaration or other similar claim or
satisfy any information or reporting requirements, which, in the case of (i) or (ii), is required or imposed by a statute, treaty, regulation or administrative practice of the taxing jurisdiction as a precondition to exemption from all or part
of such tax, assessment or other governmental charge; 

  

	(e)	 any tax, assessment or other governmental charge which such Holder would have been able to avoid by presenting
such Security to another Paying Agent; or 

  
 A-9 

	(f)	 any combination of items (a), (b), (c), (d) and (e) above; nor shall additional amounts be paid with
respect to any payment of the principal of, or any interest on, any Security of such series to any Holder who is a fiduciary or partnership or other than the sole beneficial owner of such payment to the extent such payment would be required by the
laws of the jurisdiction (or any political subdivision or taxing authority thereof or therein) to be included in the income for tax purposes of a beneficiary or settlor with respect to such fiduciary or a member of such partnership or a beneficial
owner who would not have been entitled to such additional amounts had it been the Holder of such Security. 

 Furthermore, any amounts to
be paid by the Guarantor on the debt securities will be paid net of any FATCA Withholding. The Guarantor will not be required to pay additional amounts on account of any FATCA Withholding. 

Additionally, if under the terms of the debt securities the Company is not required to pay any additional amounts, then the Guarantor shall not be required to
pay additional amounts under the guarantee. 
 The foregoing provisions shall apply mutatis mutandis to any withholding or deduction in respect of
any amount to be paid by the Guarantor of principal of or interest on a Security of any series (i) for or on account of any present or future taxes, assessments or governmental charges of whatever nature of any jurisdiction in which any
successor to the Guarantor is organized, or any political subdivision or taxing authority thereof or therein; or (ii) if another Person merges into or transfers its assets to the Guarantor pursuant to Section 801, for or on account of any
taxes, assessments or governmental charges levied by the jurisdiction in which such other Person is organized, or by any political subdivision or taxing authority thereof, as a result of (x) the Guarantor’s being treated as engaged in a
trade or business, or having a permanent establishment, in such jurisdiction and (y) the payment of principal or interest being allocable or attributable to such trade or business or permanent establishment. 

The Guarantor hereby agrees that its obligations hereunder shall be as if it were principal debtor and not merely surety, and shall be absolute and
unconditional, irrespective of, and shall be unaffected by, any invalidity, irregularity or unenforceability of such Security or such Indenture, any failure to enforce the provisions of such Security or such Indenture, or any waiver, modification or
indulgence granted to the Company with respect thereto, by the Holder of such Security or such Trustee, or any other circumstance which may otherwise constitute a legal or equitable discharge of a surety or guarantor; provided,
however, that, notwithstanding the foregoing, no such waiver, modification or indulgence shall, without the consent of the Guarantor, increase the principal amount of such Security or the interest rate thereon or increase any premium payable
upon redemption thereof. The Guarantor hereby waives diligence, presentment, demand of payment, filing of claims with a court in the event of merger or bankruptcy of the Company, any right to require a proceeding first against the Company, protest
or notice with respect to such Security or the indebtedness evidenced thereby and all demands whatsoever, and covenants that this Guarantee will not be discharged except by payment in full of the principal of (and premium, if any) and interest on
such Security. This Guarantee is a guarantee of payment and not of collection. 
 The Guarantor shall be subrogated to all rights of the Holder of such
Security against the Company in respect of any amounts paid to such Holder by the Guarantor pursuant to the provisions of this Guarantee; provided, however, that the Guarantor shall not be entitled to enforce, or to receive any
payments arising out of or based upon, such right of subrogation until the principal of (and premium, if any) and interest on all Securities of the same series issued under such Indenture shall have been paid in full. 

No reference herein to such Indenture and no provision of this Guarantee or of such Indenture shall alter or impair the guarantee of the Guarantor, which is
absolute and unconditional, of the due and punctual payment of the principal of (and premium, if any) and interest on the Security upon which this Guarantee is endorsed at the times, place and rate, and in the cash or currency prescribed therein.

  
 A-10 

 This Guarantee shall not be valid or obligatory for any purpose until the certificate of authentication of
such Security shall have been manually executed by or on behalf of the Trustee under such Indenture. 
 All terms used in this Guarantee which are defined
in such Indenture shall have the meanings assigned to them in such Indenture. 

  
 A-11 

 IN WITNESS WHEREOF, the Guarantor has caused this Guarantee to be signed manually or in facsimile by a
person duly authorized in that behalf. 
 Dated: June 29, 2020 

 

			
	TOTAL S.A.
		
	 By
	 	
		 	  

	 Name:
	 	Antoine Larenaudie
	 Title:
	 	Group Treasurer

 Attest: 
  

			
	  

	Name:	 	Vincent Simonet
	 Title:
	 	Authorized Signatory

  
 A-12 

 EXHIBIT B 

FORM OF NOTES 
 Face of Security

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

 UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION (“DTC”), TO THE
COMPANY OR ITS AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE, OR PAYMENT, AND ANY CERTIFICATE ISSUED IS REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT IS
MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE, OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF,
CEDE & CO., HAS AN INTEREST HEREIN.] 
 TOTAL CAPITAL INTERNATIONAL 

3.386% GUARANTEED NOTE DUE 2060 
  

					
	No. [ ]	  	U.S.$ [___]	 
		  	 	CUSIP [___]	 
		  	 	ISIN [___]	 

 TOTAL CAPITAL INTERNATIONAL, a société anonyme duly organized and existing under the laws of the Republic
of France with a capital of €300,000 having its registered office at 2 Place Jean Millier, La Défense 6, 92400 Courbevoie, France, for a term that will expire on December 13, 2103, with the Registry of Commerce and Companies
(Registre du commerce et des sociétés) of Nanterre under No. 479 858 854 (herein called the “Company”, which term includes any successor or substitute corporation under the Indenture hereinafter referred to), for
value received, hereby promises to pay to Cede & Co., or registered assigns, the principal sum of [            ]
(U.S.$[            ]) on June 29, 2060 and to pay interest thereon from June 29, 2020 or from the most recent Interest Payment Date to which interest has been paid or duly
provided for, semi-annually on June 29 and December 29 of each year (each an “Interest Payment Date”), commencing December 29, 2020, at the rate of 3.386% per annum, until the principal hereof is paid or made available
for payment. The interest so payable, and punctually paid or duly provided for, on any Interest Payment Date will, as provided in such Indenture, be paid to the Person in whose name this Security (or one or more Predecessor Securities) is registered
at the close of business on the Regular Record Date for such interest, which shall be June 14 or December 14 (whether or not a Business Day), as the case may be, next preceding such Interest Payment Date. Any such interest not so
punctually paid or duly provided for will forthwith cease to be payable to the Holder on such Regular Record Date and may either be paid to the Person in whose name this Security (or one or more Predecessor Securities) is registered at the close of
business on a Special Record Date for the payment of such Defaulted Interest to be fixed by the Trustee, notice whereof shall be given to Holders of Securities of this series not less than 10 days prior to such Special Record Date, or be paid at any
time in any other lawful manner not inconsistent with the requirements of any securities exchange on which the Securities of this series may be listed, and upon such notice as may be required by such exchange, all as more fully provided in said
Indenture. 

  
 B-1 

 If any deduction or withholding for any present or future taxes, assessments or other governmental charges
of the jurisdiction (or any political subdivision or taxing authority thereof or therein) in which the Company is incorporated, shall at any time be required by such jurisdiction (or any such political subdivision or taxing authority thereof or
therein) in respect of any amounts to be paid by the Company of principal of or interest on a Security of any series, then the Company will pay to the Holder of a Security of such series such additional amounts as may be necessary in order that the
net amounts paid to such Holder of such Security, after such deduction or withholding, shall be not less than the amounts specified in such Security to which such Holder is otherwise entitled; provided, however, that the Company shall
not be required to make any payment of additional amounts for or on account of: 
  

	(a)	 any tax, assessment or other governmental charge which would not have been imposed but for (i) the
existence of any present or former connection between such Holder (or between a fiduciary, settlor, beneficiary, member or shareholder of, or possessor of a power over, such Holder, if such Holder is an estate, trust, partnership or corporation) and
the taxing jurisdiction or any political subdivision or territory or possession thereof or area subject to its jurisdiction, including, without limitation, such Holder (or such fiduciary, settlor, beneficiary, member, shareholder or possessor) being
or having been a citizen or resident thereof or being or having been present or engaged in trade or business therein or having or having had a permanent establishment therein or (ii) the presentation of a Security of such series (where
presentation is required) for payment on a date more than 30 days after the date on which such payment became due and payable or the date on which payment thereof is duly provided for, whichever occurs later; 

 

	(b)	 any estate, inheritance, gift, sale, transfer, personal property or similar tax, assessment or other
governmental charge; 

  

	(c)	 any tax, assessment or other governmental charge that is payable otherwise than by withholding from payments of
(or in respect of) principal of, or any interest on, the Securities of such series; 

  

	(d)	 any tax, assessment or other governmental charge that is imposed or withheld by reason of the failure by the
Holder or the beneficial owner of the Security of such series (i) to provide information concerning the nationality, residence or identity of the Holder or such beneficial owner or (ii) to make any declaration or other similar claim or
satisfy any information or reporting requirements, which, in the case of (i) or (ii), is required or imposed by a statute, treaty, regulation or administrative practice of the taxing jurisdiction as a precondition to exemption from all or part
of such tax, assessment or other governmental charge; 

  

	(e)	 any tax, assessment or other governmental charge which such Holder would have been able to avoid by presenting
such Security to another Paying Agent; or 

  

	(f)	 any combination of items (a), (b), (c), (d) and (e) above; nor shall additional amounts be paid with
respect to any payment of the principal of, or any interest on, any Security of such series to any Holder who is a fiduciary or partnership or other than the sole beneficial owner of such payment to the extent such payment would be required by the
laws of the jurisdiction (or any political subdivision or taxing authority thereof or therein) to be included in the income for tax purposes of a beneficiary or settlor with respect to such fiduciary or a member of such partnership or a beneficial
owner who would not have been entitled to such additional amounts had it been the Holder of such Security. 

 Furthermore, any amounts to
be paid by the Company on the debt securities will be paid net of any FATCA Withholding. The Company will not be required to pay additional amounts on account of any FATCA Withholding. 

  
 B-2 

 The foregoing provisions shall apply mutatis mutandis to any withholding or deduction in respect of
any amount to be paid by the Company of principal of or interest on a Security of any series (i) for or on account of any present or future taxes, assessments or governmental charges of whatever nature of any jurisdiction in which any successor
or substitute Person to the Company is organized, or any political subdivision or taxing authority thereof or therein; or (ii) if another Person merges into or transfers its assets to the Company pursuant to Section 801, for or on account
of any taxes, assessments or governmental charges levied by the jurisdiction in which such other Person is organized, or by any political subdivision or taxing authority thereof, as a result of (x) the Company’s being treated as engaged in
a trade or business, or having a permanent establishment, in such jurisdiction and (y) the payment of principal or interest being allocable or attributable to such trade or business or permanent establishment. 

Payment of the principal of (and premium, if any) and interest on this Security will be made at the Corporate Trust Office of the Trustee, as Paying Agent, in
The City of New York, in such coin or currency of the United States of America as at the time of payment is legal tender for payment of public and private debts; provided, however, that at the option of the Company payment of interest
may be made by check mailed to the address of the Person entitled thereto as such address shall appear in the Security Register. 
 Reference is hereby made
to the further provisions of this Security set forth on the reverse hereof, which further provisions shall for all purposes have the same effect as if set forth at this place. 

Unless the certificate of authentication hereon has been executed by the Trustee referred to on the reverse hereof by manual signature, this Security shall
not be entitled to any benefit under the Indenture or be valid or obligatory for any purpose. 
 [Signature pages follow.] 

  
 B-3 

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

Dated: June 29, 2020 
  

			
	TOTAL CAPITAL INTERNATIONAL
	 By:
	 	TOTAL FINANCE CORPORATE SERVICES LIMITED

  

			
	By	 	  

	 Name:
	 	Antoine Larenaudie
	 Title:
	 	Authorized Signatory of Total Finance Corporate Services Limited

 Attest: 
  

			
	  

	Name:	 	Vincent Simonet
	 Title:
	 	Authorized Signatory

  
 B-4 

 Trustee’s Certificate of Authentication 

This is one of the Securities of the series designated therein referred to in the within-mentioned Indenture. 

Dated: June 29, 2020 
  

	
	THE BANK OF NEW YORK MELLON,
	LONDON BRANCH
as Trustee

  

			
	By	 	  

	 Authorized Signatory

  
 B-5 

 REVERSE OF SECURITY 

This Security is one of a duly authorized issue of securities of the Company (herein called the “Securities”), issued and to be issued outside
France in one or more series under an Indenture, dated as of February 17, 2012, as supplemented by the first supplemental indenture, dated February 19, 2019 and the fourth supplemental indenture dated June 29, 2020 (herein called the
“Indenture”), among the Company, as issuer, TOTAL S.A., as Guarantor (herein called the “Guarantor”), and The Bank of New York Mellon, acting through its London Branch, as Trustee (herein called the “Trustee”, which
term includes any successor trustee under the Indenture), to which Indenture and all indentures supplemental thereto reference is hereby made for a statement of the respective rights, limitation of rights, duties and immunities thereunder of the
Company, the Guarantor, the Trustee and the Holders of the Securities and of the terms upon which the Securities are, and are to be, authenticated and delivered. This Security is one of the series designated on the face hereof, initially limited in
aggregate principal amount to U.S.$800,000,000. 
 The Securities of this series are subject to redemption upon not less than 30 nor more than 60 days’
notice by mail, as follows: (A) prior to December 29, 2059 (six months prior to the Stated Maturity), the Company has the right to redeem the 2060 notes in whole or in part, at any time and from time to time, at a redemption price (the
“Optional Make-Whole Redemption Price”) 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 Securities to be redeemed that would be due if such 2060 Notes matured on December 29, 2059 (six months prior to the Stated Maturity) (not including any portion of payments of interest accrued to the relevant redemption date (any such date,
the “Redemption Date”)) discounted to the relevant Redemption Date on a semi-annual basis (assuming a 360-day year consisting of twelve 30-day months) at the Treasury Rate plus 30 basis points, plus accrued and unpaid
interest to (but excluding) the relevant Redemption Date and (B) on or after December 29, 2059 (six months prior to Stated Maturity), the Notes shall be redeemable in whole or in part, at any time and from time to time, at a redemption
price equal to 100% of the principal amount of the Notes to be redeemed, plus accrued and unpaid interest to (but excluding) the Redemption Date. 

For purposes of determining the Optional Make-Whole Redemption Price, the following definitions are applicable. 

“Treasury Rate” means, with respect to any Redemption Date, the rate per year equal to the semi-annual equivalent yield to maturity or interpolated
(on a day count basis) of the Comparable Treasury Issue, assuming a price for the Comparable Treasury Issue (expressed as a percentage of its principal amount) equal to the Comparable Treasury Price for such Redemption Date. 

“Comparable Treasury Issue” means the U.S. Treasury security or securities selected by the Quotation Agent as having an actual or interpolated
maturity comparable to the remaining term of the Securities of this series 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 Securities. 
 “Comparable Treasury Price” means, with respect to any Redemption Date, the
average of the Reference Treasury Dealer Quotations for such Redemption Date. 
 “Quotation Agent” means one of the Reference Treasury Dealers
appointed by Total Capital International and TOTAL S.A. The quotation agent will determine the applicable make-whole premium and deliver such determination to Total Capital International and TOTAL S.A., with a copy to the Trustee. 

“Reference Treasury Dealer” means each of Barclays Capital Inc., BofA Securities, Inc., Citigroup Global Markets Inc., Deutsche Bank Securities
Inc., HSBC Securities (USA) Inc., Morgan Stanley & Co. LLC and a primary U.S. government securities dealer selected by each of Credit Agricole Securities (USA) Inc., MUFG Securities Americas Inc. and Standard Chartered Bank or their
respective affiliates which are primary U.S. government securities dealers, and their respective successors, and three other primary U.S. government securities dealers selected by Total Capital International

  
 B-6 

 
and TOTAL S.A., provided, however, that if any of the foregoing shall cease to be a primary U.S. government securities dealer in the United States (a “Primary Treasury Dealer”), Total
Capital International and TOTAL S.A. shall substitute therefore another Primary Treasury Dealer. 
 “Reference Treasury Dealer Quotations” means
with respect to each Reference Treasury Dealer and any Redemption Date, the average, as determined by the Quotation Agent, of the bid and asked prices for the Comparable Treasury Issue (expressed in each case as a percentage of its principal amount)
quoted in writing to the Quotation Agent by such Reference Treasury Dealer at 3:30 p.m. New York time on the third Business Day preceding such Redemption Date. 

Interest will be computed on the basis of a 360-day year of twelve 30-day months. 

“Business Day” shall mean each Monday, Tuesday, Wednesday, Thursday and Friday which is not a day on which banking or trust institutions in The City
of New York are authorized generally or obligated by law, regulation or executive order to close. 
 If an Event of Default with respect to Securities of
this series shall occur and be continuing, the principal of the Securities of this series may be declared due and payable in the manner and with the effect provided in the Indenture. 

In the event of redemption of this Security in part only, a new Security or Securities of this series for the unredeemed portion hereof will be issued in the
name of the Holder hereof upon the cancellation hereof. 
 This Security is also redeemable prior to Stated Maturity as permitted under Section 1108
(“Optional Redemption Due to Changes in Tax Treatment”); the date specified for the Securities of this series, for the purpose of said Section 1108, is June 29, 2020. 

The Indenture permits, with certain exceptions as therein provided, the amendment thereof and the modification of the rights and obligations of the Company
and the Guarantor and the rights of the Holders of the Securities of each series to be affected under the Indenture at any time by the Company, the Guarantor and the Trustee with the consent of the Holders of a majority in principal amount of the
Securities at the time Outstanding of each series to be affected. The Indenture also contains provisions permitting the Holders of specified percentages in principal amount of the Securities of each series at the time Outstanding, on behalf of the
Holders of all Securities of such series, to waive compliance by the Company or the Guarantor, or both, with certain provisions of the Indenture and certain past defaults under the Indenture and their consequences. Any such consent or waiver by the
Holder of this Security shall be conclusive and binding upon such Holder and upon all future Holders of this Security and of any Security issued upon the registration of transfer hereof or in exchange herefor or in lieu hereof, whether or not
notation of such consent or waiver is made upon this Security. 
 As provided in and subject to the provisions of the Indenture, the Holder of this Security
shall not have the right to institute any proceeding with respect to the Indenture or for the appointment of a receiver or trustee or for any other remedy thereunder, unless such Holder shall have previously given the Trustee written notice of a
continuing Event of Default with respect to the Securities of this series, the Holders of not less than 25% in principal amount of the Securities of this series at the time Outstanding shall have made written request to the Trustee to institute
proceedings in respect of such Event of Default as Trustee and offered the Trustee reasonable indemnity, and the Trustee shall not have received from the Holders of a majority in principal amount of Securities of this series at the time Outstanding
a direction inconsistent with such request, and shall have failed to institute any such proceeding, for 60 days after receipt of such notice, request and offer of indemnity. The foregoing shall not apply to any suit instituted by the Holder of this
Security for the enforcement of any payment of principal hereof or any premium or interest hereon on or after the respective due dates expressed or provided for herein. 

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

  
 B-7 

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

The Securities of this series are issuable only in registered form without coupons in denominations of U.S.$2,000 and any integral multiple of U.S.$1,000. As
provided in the Indenture and subject to certain limitations therein set forth, Securities of this series are exchangeable for a like aggregate principal amount of Securities of this series of a different authorized denomination, as requested by the
Holder surrendering the same. 
 No service charge shall be made for any such registration of transfer or exchange, but the Company may require payment of a
sum sufficient to cover any tax or other governmental charge payable in connection therewith. 
 Prior to due presentment of this Security for registration
of transfer, the Company, the Guarantor, the Trustee and any agent of the Company, the Guarantor or the Trustee may treat the Person in whose name this Security is registered as the owner hereof for all purposes (subject to Section 307 of the
Indenture), whether or not this Security be overdue, and neither the Company, the Guarantor, the Trustee nor any such agent shall be affected by notice to the contrary. 

The Indenture provides that the Company and the Guarantor, at the Guarantor’s option, (a) will be discharged from any and all obligations in respect
of the Securities (except for certain obligations to register the transfer or exchange of Securities, replace stolen, lost or mutilated Securities, maintain paying agencies and hold moneys for payment in trust) or (b) need not comply with
certain restrictive covenants of the Indenture, in each case if the Company or the Guarantor deposits, in trust, with the Trustee money or U.S. Government Obligations which, through the payment of interest thereon and principal thereof in accordance
with their terms, will provide money, in an amount sufficient to pay all the principal (including any mandatory sinking fund payments) of, and premium, if any, and interest on, the Securities on the dates such payments are due in accordance with the
terms of such Securities and Guarantee, and certain other conditions are satisfied. 
 All terms used in this Security which are defined in the Indenture
shall have the meanings assigned to them in the Indenture. 

  
 B-8 

 GUARANTEE OF TOTAL S.A. 

For value received, TOTAL S.A., a société anonyme duly organized and existing under the laws of the Republic of France (herein called the
“Guarantor”, which term includes any successor corporation under the Indenture referred to in the Security upon which this Guarantee is endorsed), hereby unconditionally guarantees to the Holder of the Security upon which this Guarantee is
endorsed and to the Trustee referred to in such Indenture due and prompt payment of the principal of (and premium, if any) and interest (including additional amounts) on such Security, when and as the same shall become due and payable, whether at
the Stated Maturity, by declaration of acceleration, call for redemption or otherwise, according to the terms thereof and of the Indenture referred to therein. In case of the failure of Total Capital International, a société
anonyme duly organized and existing under the laws of the Republic of France (herein called the “Company”, which term includes any successor corporation under such Indenture) punctually to make any such principal, premium or interest
(including additional amounts) payment, the Guarantor hereby agrees to cause any such payment to be made promptly when and as the same shall become due and payable, whether at the Stated Maturity, by declaration of acceleration, call for redemption
or otherwise, and as if such payment were made by the Company. 
 The Guarantor hereby further agrees, subject to the limitations and exceptions set forth
below, that if any deduction or withholding for any present or future taxes, assessments or other governmental charges of the jurisdiction (or any political subdivision or taxing authority thereof or therein) in which the Guarantor is incorporated,
shall at any time be required by such jurisdiction (or any such political subdivision or taxing authority thereof or therein) in respect of any amounts to be paid by the Guarantor under this Guarantee, the Guarantor will pay to the Holder of a
Security of such series such additional amounts as may be necessary in order that the net amounts paid to such Holder of such Security, after such deduction or withholding, shall be not less than the amounts specified in such Security to which such
Holder is otherwise entitled; provided, however, that the Guarantor shall not be required to make any payment of additional amounts for or on account of: 
  

	(a)	 any tax, assessment or other governmental charge which would not have been imposed but for (i) the
existence of any present or former connection between such Holder (or between a fiduciary, settlor, beneficiary, member or shareholder of, or possessor of a power over, such Holder, if such Holder is an estate, trust, partnership or corporation) and
the taxing jurisdiction or any political subdivision or territory or possession thereof or area subject to its jurisdiction, including, without limitation, such Holder (or such fiduciary, settlor, beneficiary, member, shareholder or possessor) being
or having been a citizen or resident thereof or being or having been present or engaged in trade or business therein or having or having had a permanent establishment therein or (ii) the presentation of a Security of such series (where
presentation is required) for payment on a date more than 30 days after the date on which such payment became due and payable or the date on which payment thereof is duly provided for, whichever occurs later; 

 

	(b)	 any estate, inheritance, gift, sale, transfer, personal property or similar tax, assessment or other
governmental charge; 

  

	(c)	 any tax, assessment or other governmental charge that is payable otherwise than by withholding from payments of
(or in respect of) principal of, or any interest on, the Securities of such series; 

  

	(d)	 any tax, assessment or other governmental charge that is imposed or withheld by reason of the failure by the
Holder or the beneficial owner of the Security of such series (i) to provide information concerning the nationality, residence or identity of the Holder or such beneficial owner or (ii) to make any declaration or other similar claim or
satisfy any information or reporting requirements, which, in the case of (i) or (ii), is required or imposed by a statute, treaty, regulation or administrative practice of the taxing jurisdiction as a precondition to exemption from all or part
of such tax, assessment or other governmental charge; 

  

	(e)	 any tax, assessment or other governmental charge which such Holder would have been able to avoid by presenting
such Security to another Paying Agent; or 

  
 B-9 

	(f)	 any combination of items (a), (b), (c), (d) and (e) above; nor shall additional amounts be paid with
respect to any payment of the principal of, or any interest on, any Security of such series to any Holder who is a fiduciary or partnership or other than the sole beneficial owner of such payment to the extent such payment would be required by the
laws of the jurisdiction (or any political subdivision or taxing authority thereof or therein) to be included in the income for tax purposes of a beneficiary or settlor with respect to such fiduciary or a member of such partnership or a beneficial
owner who would not have been entitled to such additional amounts had it been the Holder of such Security. 

 Furthermore, any amounts to
be paid by the Guarantor on the debt securities will be paid net of any FATCA Withholding. The Guarantor will not be required to pay additional amounts on account of any FATCA Withholding. 

Additionally, if under the terms of the debt securities the Company is not required to pay any additional amounts, then the Guarantor shall not be required to
pay additional amounts under the guarantee. 
 The foregoing provisions shall apply mutatis mutandis to any withholding or deduction in respect of
any amount to be paid by the Guarantor of principal of or interest on a Security of any series (i) for or on account of any present or future taxes, assessments or governmental charges of whatever nature of any jurisdiction in which any
successor to the Guarantor is organized, or any political subdivision or taxing authority thereof or therein; or (ii) if another Person merges into or transfers its assets to the Guarantor pursuant to Section 801, for or on account of any
taxes, assessments or governmental charges levied by the jurisdiction in which such other Person is organized, or by any political subdivision or taxing authority thereof, as a result of (x) the Guarantor’s being treated as engaged in a
trade or business, or having a permanent establishment, in such jurisdiction and (y) the payment of principal or interest being allocable or attributable to such trade or business or permanent establishment. 

The Guarantor hereby agrees that its obligations hereunder shall be as if it were principal debtor and not merely surety, and shall be absolute and
unconditional, irrespective of, and shall be unaffected by, any invalidity, irregularity or unenforceability of such Security or such Indenture, any failure to enforce the provisions of such Security or such Indenture, or any waiver, modification or
indulgence granted to the Company with respect thereto, by the Holder of such Security or such Trustee, or any other circumstance which may otherwise constitute a legal or equitable discharge of a surety or guarantor; provided,
however, that, notwithstanding the foregoing, no such waiver, modification or indulgence shall, without the consent of the Guarantor, increase the principal amount of such Security or the interest rate thereon or increase any premium payable
upon redemption thereof. The Guarantor hereby waives diligence, presentment, demand of payment, filing of claims with a court in the event of merger or bankruptcy of the Company, any right to require a proceeding first against the Company, protest
or notice with respect to such Security or the indebtedness evidenced thereby and all demands whatsoever, and covenants that this Guarantee will not be discharged except by payment in full of the principal of (and premium, if any) and interest on
such Security. This Guarantee is a guarantee of payment and not of collection. 
 The Guarantor shall be subrogated to all rights of the Holder of such
Security against the Company in respect of any amounts paid to such Holder by the Guarantor pursuant to the provisions of this Guarantee; provided, however, that the Guarantor shall not be entitled to enforce, or to receive any
payments arising out of or based upon, such right of subrogation until the principal of (and premium, if any) and interest on all Securities of the same series issued under such Indenture shall have been paid in full. 

No reference herein to such Indenture and no provision of this Guarantee or of such Indenture shall alter or impair the guarantee of the Guarantor, which is
absolute and unconditional, of the due and punctual payment of the principal of (and premium, if any) and interest on the Security upon which this Guarantee is endorsed at the times, place and rate, and in the cash or currency prescribed therein.

 This Guarantee shall not be valid or obligatory for any purpose until the certificate of authentication of such Security shall have been manually
executed by or on behalf of the Trustee under such Indenture. 

  
 B-10 

 All terms used in this Guarantee which are defined in such Indenture shall have the meanings assigned to
them in such Indenture. 
 [Signature page follows.] 

  
 B-11 

 IN WITNESS WHEREOF, the Guarantor has caused this Guarantee to be signed manually or in facsimile by a
person duly authorized in that behalf. 
 Dated: June 29, 2020 

 

			
	TOTAL S.A.
	 By
	 	
		 	  

	 Name:
	 	Antoine Larenaudie
	 Title:
	 	Group Treasurer

 Attest: 
  

			
	  

	 Name:
	 	Vincent Simonet
	 Title:
	 	Authorized Signatory

  
 B-12

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