Document:

EX-4.6

 

Exhibit 4.6

[Form of Face of Global Security]

     THIS SECURITY IS IN GLOBAL FORM WITHIN THE MEANING OF THE INDENTURE HEREINAFTER REFERRED TO
AND IS REGISTERED IN THE NAME OF THE DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION (“DTC”), OR A
NOMINEE OF DTC, WHICH MAY BE TREATED BY THE COMPANY, THE GUARANTOR, THE TRUSTEE AND ANY AGENT
THEREOF AS OWNER AND HOLDER OF THIS SECURITY FOR ALL PURPOSES.

     UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF 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.

     UNLESS AND UNTIL IT IS EXCHANGED IN WHOLE OR IN PART FOR SECURITIES IN DEFINITIVE FORM IN THE
LIMITED CIRCUMSTANCES REFERRED TO IN THE INDENTURE, THIS GLOBAL SECURITY MAY NOT BE TRANSFERRED
EXCEPT AS A WHOLE BY (I) DTC TO A NOMINEE OF DTC OR (II) A NOMINEE OF DTC TO DTC OR ANOTHER NOMINEE
OF DTC OR (III) DTC OR ANY SUCH NOMINEE TO A SUCCESSOR DEPOSITARY OR A NOMINEE OF SUCH SUCCESSOR
DEPOSITARY.

     [Insert any legend required by the Internal Revenue Code and the regulations thereunder.]

 

 

ROYAL DUTCH SHELL PLC

Subordinated [Title of Security]

Payment of Principal[, Premium, if any,] and Interest

			
	No.                    
	 	CUSIP NO.                     

     ROYAL DUTCH SHELL PLC, a public company limited by shares existing under the laws of England
and Wales (herein called the “Issuer”, which term includes any successor Person under the Indenture
hereinafter referred to), for value received, hereby promises to pay to CEDE & Co., or registered
assigns, the principal sum of                     on                                          to the person in
whose name this Note is registered at the close of business 15 calendar day preceding such
                                         [if the Security is to bear interest prior to Maturity, insert —, and to
pay interest thereon from                     , 20___ or from the most recent Interest Payment Date to
which interest has been paid or duly provided for, semi-annually in arrears on                      and
                     in each year] [annually in arrears on                      in each year], commencing
                    , 20___, at the rate of ___% per annum, until the principal hereof is paid or made
available for payment [if applicable, insert —, provided that any principal and premium, and any
such installment of interest, which is overdue shall bear interest at the rate of ___% per annum (to
the extent that the payment of such interest shall be legally enforceable), from the dates such
amounts are due until they are paid or made available for payment, and such interest shall be
payable on demand].] [If the Security is not to bear interest prior to Maturity, insert — The
principal of this Security shall not bear interest except in the case of a default in payment of
principal upon acceleration, upon redemption or at Stated Maturity, and in such case the overdue
principal and any overdue premium shall bear interest at the rate of ___% per annum (to the extent
that the payment of such interest shall be legally enforceable), from the date such amounts are due
until they are paid or made available for payment. Interest on any overdue principal shall be
payable on demand. Any such interest on any overdue principal or premium which is not so paid on
demand shall bear interest at the rate of ___% per annum (to the extent that the payment of such
interest on interest shall be legally enforceable), from the date of such demand until the amount
so demanded is paid or made available for payment. Interest on overdue interest shall be payable
on demand.] [The Trustee shall act as Paying Agent with respect to the Securities of this series.]

     The Issuer, the Trustee and any agent of the Issuer, or the Trustee may treat the bearer
hereof as the owner of this Security for all purposes, whether or not this Security shall be
overdue, and none of the Issuer, the Trustee nor any such agent shall be affected by notice to the
contrary.

     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.

2

 

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

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

     IN WITNESS WHEREOF, the Issuer has caused this instrument to be duly executed manually or in
facsimile.

Dated:

	 	 	 	 	 
	 	 	
ROYAL DUTCH SHELL PLC,
	 
	 	 	 	 
	 

	 	by	 	 
	 

	 	 	 	 
	 

	 	 	 	Name:
	 

	 	 	 	Title:
	 
	 	 	 	 
	 

	 	by	 	 
	 

	 	 	 	 
	 

	 	 	 	Name:
	 

	 	 	 	Title:

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

DEUTSCHE BANK TRUST COMPANY

AMERICAS, as Trustee

By:

                                                            

Name:

Title:

3

 

[Form of Reverse of Global Security]

     This Security is one of a duly authorized issue of securities of the Issuer (herein called the
“Securities”), issued and to be issued in one or more series under an Indenture, dated as of [•]
herein called the “Indenture” which term shall have the meaning assigned to it in such instrument),
among the Issuer and Deutsche Bank Trust Company Americas, as Trustee (herein called the “Trustee”,
which term includes any other successor trustee under the Indenture), and reference is hereby made
to the Indenture for a statement of the respective rights, limitations of rights, duties and
immunities thereunder of the Issuer, 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 [, limited in aggregate principal amount to
U.S.$                    ].

     [If applicable, insert — The Securities of this series are subject to redemption at any time
[if applicable, insert — on or after                     , 20___], as a whole or in part, at the election
of the Issuer, at the following Redemption Prices (expressed as percentages of the principal
amount): If redeemed [if applicable, insert — on or before                     , ___%, and if redeemed]
during the 12-month period beginning
                     of the years indicated,

	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	Redemption	 	 	 	 	 	 	Redemption	 
	Year	 	Price	 	 	Year	 	 	Price	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 

and thereafter at a Redemption Price equal to _____% of the principal amount, together in the case
of any such redemption with accrued interest to the Redemption Date, but interest installments
whose Stated Maturity is on or prior to such Redemption Date will be payable only upon presentation
and surrender of this Security (at an office or agency located outside the United States, except as
herein provided otherwise).]

     [Insert any limitations, conditions or other provisions relating to redemption.]

     The Indenture in Section 3.12 contains provisions for the optional redemption due to changes
in tax treatment [at a Redemption Price equal to the principal amount thereof].

     [If applicable, insert — The Redemption Price of the Securities shall be equal to the
applicable percentage of the principal amount at Stated Maturity set forth below:

4

 

	 	 	 
	 If Redemption During the	 	Redemption
	12-Month Period Commencing	 	Price
	 

	 	 

together with, in each case (except if the Redemption Date shall be a                     ), an amount
equal to the applicable Redemption Price multiplied by a fraction the numerator of which is the
number of days from but not including the preceding                      to and including the
Redemption Date multiplied by the difference between the Redemption Price applicable during the 12
months beginning on the                      following the Redemption Date (or, in the case of a
Redemption Date after                     , 100%) and the Redemption Price applicable on the Redemption
Date and the denominator of which is the total number of days from but not including the
                     preceding the Redemption Date to and including the next succeeding                     .
The Issuer will also pay to each eligible Holder, or make available for payment to each such
Holder, on the Redemption Date any additional interest (as set forth on the face hereof) resulting
from the payment of such Redemption Price.]

     [If applicable, insert — The Redemption Price of the Securities either in the event of
certain changes in the tax treatment or in an event of default would include, in addition to the
face amount of the Security, an amount equal to the Original Issue Discount accrued since the issue
date. Original Issue Discount (the difference between the Issue Price and the Principal Amount at
Maturity of the Security), in the period during which a Security remains outstanding, shall accrue
at ___% per annum, on a semi-annual bond equivalent basis using a 360-day year composed of twelve
30-day months, commencing on the Issue Date of this Security.]

     Notice of redemption will be given by mail to Holders of Securities, not less than [15] nor
more than 60 days prior to the date fixed for redemption.

     [If applicable, insert — The Indenture contains provisions for the selection of securities to
be redeemed, which provisions apply to this Security.]

     [If applicable, insert — In the event of redemption of this Security in part only, a new
Security of this series and of like tenor for the unredeemed portion hereof will be issued to the
Holder hereof upon the cancellation hereof.]

     The Indenture contains provisions for defeasance at any time of the entire indebtedness on
this Security upon compliance by the Issuer [or the Guarantor] with certain conditions set forth
thereon, which provisions apply to this Security.

     [If applicable, insert — Subject to and upon compliance with the provisions of the Indenture,
the Holder of this Security is entitled, at his option, at any time after                     , to
convert this Security into [Describe securities and conversion mechanics].]

5

 

     [If applicable, insert — In the event of conversion of this Security in part only, a new
Security or Securities of this series and of like tenor for the unconverted portion hereof will be
issued to the Holder upon the cancellation hereof.]

     [If the Security is not an Original Issue Discount Security, insert — 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.]

     [If the Security is an Original Issue Discount Security, insert — If an Event of Default with
respect to Securities of this series shall occur and be continuing, an amount of principal of the
Securities of this series may be declared due and payable in the manner and with the effect
provided in the Indenture. Such amount shall be equal to — insert formula for determining the
amount. Upon payment (i) of the amount of principal so declared due and payable and (ii) of
interest on any overdue principal, premium and interest (in each case to the extent that the
payment of such interest shall be legally enforceable), all of the Issuer’s obligations in respect
of the payment of the principal of and interest, if any, on the Securities of this series shall
terminate.]

     [If applicable, insert — The Indenture contains provisions for Additional Amounts, which
provisions apply to this Security.]

     The Indenture contains provisions that provide for the subordination of this Security.

     The Indenture permits, with certain exceptions as therein provided, the amendment thereof and
the modification of the rights and obligations of the Issuer and the rights of the Holders of the
Securities of each series to be affected under the Indenture at any time by the Issuer 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 a majority in principal amount of the then outstanding Securities of one or more
series or of all series under the indenture waive compliance by the Issuer with certain provisions
of the Indenture and certain past defaults under the Indenture and their consequences with respect
to Securities of such series. 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 set forth in, and subject to, the provisions of the Indenture, no Holder of any Security of
this series will have any right to institute any proceeding with respect to the Indenture, this
Security or for any remedy thereunder, unless such Holder shall have previously given to 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 Outstanding Securities of this
series shall have made written request, and offered reasonable indemnity, to the Trustee to
institute such proceeding as trustee, and the Trustee shall not have received from the Holders of a
majority in principal of the

6

 

Outstanding Securities of this series a direction inconsistent with such request and shall
have failed to institute such proceeding within 60 days; provided, however, that such limitations
do not apply to a suit instituted by the Holder hereof for the enforcement of payment of the
principal [(and premium, if any)] or [any] interest on this Security on or after the respective due
dates expressed herein. [If applicable, insert — or to a suit instituted by the Holder hereof for
the enforcement of the right to convert this Security in accordance with the Indenture.]

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

     No service charge shall be made for any such registration of transfer or exchange, but the
Issuer may require payment of a sum sufficient to cover any tax or other governmental charge
payable in connection therewith, as provided for in the Indenture.

     The Indenture and the Securities shall be governed by and construed in accordance with the
laws of the State of New York.

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

7EX-4.7

 

Exhibit 4.7

[Form of Face of Global Security]

          THIS SECURITY IS IN GLOBAL FORM WITHIN THE MEANING OF THE INDENTURE HEREINAFTER REFERRED TO
AND IS REGISTERED IN THE NAME OF THE DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION (“DTC”), OR A
NOMINEE OF DTC, WHICH MAY BE TREATED BY THE COMPANY, THE GUARANTOR, THE TRUSTEE AND ANY AGENT
THEREOF AS OWNER AND HOLDER OF THIS SECURITY FOR ALL PURPOSES.

          UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF 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.

          UNLESS AND UNTIL IT IS EXCHANGED IN WHOLE OR IN PART FOR SECURITIES IN DEFINITIVE FORM IN THE
LIMITED CIRCUMSTANCES REFERRED TO IN THE INDENTURE, THIS GLOBAL SECURITY MAY NOT BE TRANSFERRED
EXCEPT AS A WHOLE BY (I) DTC TO A NOMINEE OF DTC OR (II) A NOMINEE OF DTC TO DTC OR ANOTHER NOMINEE
OF DTC OR (III) DTC OR ANY SUCH NOMINEE TO A SUCCESSOR DEPOSITARY OR A NOMINEE OF SUCH SUCCESSOR
DEPOSITARY.

          [Insert any legend required by the Internal Revenue Code and the regulations thereunder.]

 

 

SHELL INTERNATIONAL FINANCE B.V.

[Title of Security]

Payment of Principal[, Premium, if any,]

and Interest Fully and Unconditionally Guaranteed by

ROYAL DUTCH SHELL PLC

			
	No.___
	 	CUSIP NO. ___

          SHELL INTERNATIONAL FINANCE B.V., a private company with limited liability (besloten
vennootschap met beperkte aansprakelijkheid) organized under the laws of The Netherlands (herein
called the “Issuer”, which term includes any successor Person under the Indenture hereinafter
referred to), for value received, hereby promises to pay to CEDE & Co., or registered assigns, the
principal sum of___on ___to the person in whose name this
Note is registered at the close of business 15 calendar day preceding such ___
[if the Security is to bear interest prior to Maturity, insert —, and to pay interest thereon from
___, 20___or from the most recent Interest Payment Date to which interest has been paid
or duly provided for, semi-annually in arrears on ___and ___in each year]
[annually in arrears on ___in each year], commencing ___, 20___, at the rate of
___% per annum, until the principal hereof is paid or made available for payment [if applicable,
insert —, provided that any principal and premium, and any such installment of interest, which is
overdue shall bear interest at the rate of ___% per annum (to the extent that the payment of such
interest shall be legally enforceable), from the dates such amounts are due until they are paid or
made available for payment, and such interest shall be payable on demand].] [If the Security is
not to bear interest prior to Maturity, insert — The principal of this Security shall not bear
interest except in the case of a default in payment of principal upon acceleration, upon redemption
or at Stated Maturity, and in such case the overdue principal and any overdue premium shall bear
interest at the rate of ___% per annum (to the extent that the payment of such interest shall be
legally enforceable), from the date such amounts are due until they are paid or made available for
payment. Interest on any overdue principal shall be payable on demand. Any such interest on any
overdue principal or premium which is not so paid on demand shall bear interest at the rate of
___% per annum (to the extent that the payment of such interest on interest shall be legally
enforceable), from the date of such demand until the amount so demanded is paid or made available
for payment. Interest on overdue interest shall be payable on demand.] [The Trustee shall act as
Paying Agent with respect to the Securities of this series.]

          The Issuer, the Guarantor, the Trustee and any agent of the Issuer, the Guarantor or the
Trustee may treat the bearer hereof as the owner of this Security for all purposes, whether or not
this Security shall be overdue, and none of the Issuer, the Guarantor, the Trustee nor any such
agent shall be affected by notice to the contrary.

          The Guarantor has fully and unconditionally guaranteed the obligation of the Issuer under this
Security on the terms specified in the below mentioned Indenture.

2

 

          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.

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

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

          IN WITNESS WHEREOF, the Issuer has caused this instrument to be duly executed manually or in
facsimile.

Dated:

	 	 	 	 	 	 	 
	 	 	SHELL INTERNATIONAL FINANCE
	 	 	B.V.,	 	 
	 
	 	 	 	 	 	 
	 

	 	 	 	by	 	 
	 

	 	 	 	 	 	 
	 

	 	 	 	 	 	  Name:
	 

	 	 	 	 	 	  Title:
	 
	 	 	 	 	 	 
	 

	 	 	 	by	 	 
	 

	 	 	 	 	 	 
	 

	 	 	 	 	 	  Name:
	 

	 	 	 	 	 	  Title:

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

	 	 	 
	DEUTSCHE BANK TRUST COMPANY
	 	 
	AMERICAS, as Trustee
	 	 
	 
	 	 
	By:
	 	 
	 
	 	 
	 	 	 
	Name:
	 	 
	Title:
	 	 

3

 

[Form of Reverse of Global Security]

          This Security is one of a duly authorized issue of securities of the Issuer (herein called the
“Securities”), issued and to be issued in one or more series under an Indenture, dated as of
[•]herein called the “Indenture” which term shall have the meaning assigned to it in such
instrument), among the Issuer, Royal Dutch Shell plc, a public company limited by shares existing
under the laws of England and Wales (herein called the “Guarantor”, which term includes any
successor Person under the Indenture referred to herein), and Deutsche Bank Trust Company Americas,
as Trustee (herein called the “Trustee”, which term includes any other successor trustee under the
Indenture), and reference is hereby made to the Indenture for a statement of the respective rights,
limitations of rights, duties and immunities thereunder of the Issuer, 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 [,
limited in aggregate principal amount to U.S.$___].

     [If applicable, insert — The Securities of this series are subject to redemption at any time
[if applicable, insert — on or after ___, 20___], as a whole or in part, at the election
of the Issuer, at the following Redemption Prices (expressed as percentages of the principal
amount): If redeemed [if applicable, insert — on or before ___, ___%, and if redeemed]
during the 12-month period beginning ___of the years indicated,

	 	 	 	 	 	 	 
	 

	 	Redemption
	 	 	 	Redemption
	Year

	 	Price
	 	Year
	 	Price
	 

	 	 
	 	 
	 	 

and thereafter at a Redemption Price equal to _____% of the principal amount, together in the case
of any such redemption with accrued interest to the Redemption Date, but interest installments
whose Stated Maturity is on or prior to such Redemption Date will be payable only upon presentation
and surrender of this Security (at an office or agency located outside the United States, except as
herein provided otherwise).]

          [Insert any limitations, conditions or other provisions relating to redemption.]

          The Indenture in Section 3.12 contains provisions for the optional redemption due to changes
in tax treatment [at a Redemption Price equal to the principal amount thereof].

          [If applicable, insert — The Redemption Price of the Securities shall be equal to the
applicable percentage of the principal amount at Stated Maturity set forth below:

4

 

	 	 	 
	If Redemption During the

12-Month Period Commencing

	 	Redemption

Price
	 

	 	 

together with, in each case (except if the Redemption Date shall be a _____________), an amount
equal to the applicable Redemption Price multiplied by a fraction the numerator of which is the
number of days from but not including the preceding ________________ to and including the
Redemption Date multiplied by the difference between the Redemption Price applicable during the 12
months beginning on the _________________ following the Redemption Date (or, in the case of a
Redemption Date after ________________, 100%) and the Redemption Price applicable on the Redemption
Date and the denominator of which is the total number of days from but not including the
_________________ preceding the Redemption Date to and including the next succeeding _____________.
The Issuer will also pay to each eligible Holder, or make available for payment to each such
Holder, on the Redemption Date any additional interest (as set forth on the face hereof) resulting
from the payment of such Redemption Price.]

          [If applicable, insert — The Redemption Price of the Securities either in the event of
certain changes in the tax treatment or in an event of default would include, in addition to the
face amount of the Security, an amount equal to the Original Issue Discount accrued since the issue
date. Original Issue Discount (the difference between the Issue Price and the Principal Amount at
Maturity of the Security), in the period during which a Security remains outstanding, shall accrue
at ___% per annum, on a semi-annual bond equivalent basis using a 360-day year composed of twelve
30-day months, commencing on the Issue Date of this Security.]

          Notice of redemption will be given by mail to Holders of Securities, not less than [15] nor
more than 60 days prior to the date fixed for redemption.

          [If applicable, insert — The Indenture contains provisions for the selection of securities to
be redeemed, which provisions apply to this Security.]

          [If applicable, insert — In the event of redemption of this Security in part only, a new
Security of this series and of like tenor for the unredeemed portion hereof will be issued to the
Holder hereof upon the cancellation hereof.]

          The Indenture contains provisions for defeasance at any time of the entire indebtedness on
this Security upon compliance by the Issuer [or the Guarantor] with certain conditions set forth
thereon, which provisions apply to this Security.

          [If applicable, insert — Subject to and upon compliance with the provisions of the Indenture,
the Holder of this Security is entitled, at his option, at any time after

5

 

_________________, to convert this Security into [Describe securities and conversion
mechanics].]

          [If applicable, insert — In the event of conversion of this Security in part only, a new
Security or Securities of this series and of like tenor for the unconverted portion hereof will be
issued to the Holder upon the cancellation hereof.]

          [If the Security is not an Original Issue Discount Security, insert — 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.]

          [If the Security is an Original Issue Discount Security, insert — If an Event of Default with
respect to Securities of this series shall occur and be continuing, an amount of principal of the
Securities of this series may be declared due and payable in the manner and with the effect
provided in the Indenture. Such amount shall be equal to — insert formula for determining the
amount. Upon payment (i) of the amount of principal so declared due and payable and (ii) of
interest on any overdue principal, premium and interest (in each case to the extent that the
payment of such interest shall be legally enforceable), all of the Issuer’s obligations in respect
of the payment of the principal of and interest, if any, on the Securities of this series shall
terminate.]

          [If applicable, insert — The Indenture contains provisions for Additional Amounts, which
provisions apply to this Security.]

          The Indenture permits, with certain exceptions as therein provided, the amendment thereof and
the modification of the rights and obligations of the Issuer 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
Issuer, 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 a majority in principal amount of the then
outstanding Securities of one or more series or of all series under the indenture waive compliance
by the Issuer or the Guarantor with certain provisions of the Indenture and certain past defaults
under the Indenture and their consequences with respect to Securities of such series. 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 set forth in, and subject to, the provisions of the Indenture, no Holder of any Security of
this series will have any right to institute any proceeding with respect to the Indenture, the
Guarantee, this Security or for any remedy thereunder, unless such Holder shall have previously
given to 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 Outstanding Securities
of this series shall have made written request, and offered reasonable indemnity, to the Trustee to
institute such proceeding as

6

 

trustee, and the Trustee shall not have received from the Holders of a majority in principal
of the Outstanding Securities of this series a direction inconsistent with such request and shall
have failed to institute such proceeding within 60 days; provided, however, that such limitations
do not apply to a suit instituted by the Holder hereof for the enforcement of payment of the
principal [(and premium, if any)] or [any] interest on this Security on or after the respective due
dates expressed herein. [If applicable, insert — or to a suit instituted by the Holder hereof for
the enforcement of the right to convert this Security in accordance with the Indenture.]

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

          No service charge shall be made for any such registration of transfer or exchange, but the
Issuer may require payment of a sum sufficient to cover any tax or other governmental charge
payable in connection therewith, as provided for in the Indenture.

          The Indenture and the Securities shall be governed by and construed in accordance with the
laws of the State of New York.

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

7

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