Document:

exv4w8

 

Exhibit 4.8

[FACE OF SECURITY]

			
	 	 	 
	REGISTERED
	 	REGISTERED

No. FXR

CUSIP

CATERPILLAR FINANCIAL SERVICES CORPORATION

MEDIUM-TERM NOTE, SERIES F

(Fixed Rate)

     [Insert if the Security is to be a Global Security — This Note 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 Notes 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 Note (other than a transfer of this Note 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 (55 Water Street, New York, New York) to the issuer or its agent for registration of
transfer, exchange or payment, and any certificate issued is registered in the name of Cede & Co.
or such other name as requested by an authorized representative of The Depository Trust Company and
any payment hereon made to Cede & Co., ANY TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR
OTHERWISE BY OR TO ANY PERSON IS WRONGFUL since the registered owner hereof, Cede & Co., has an
interest herein.]

     THE FOLLOWING SUMMARY OF TERMS IS SUBJECT TO THE INFORMATION SET FORTH ON THE REVERSE HEREOF:

	 	 	 	 	 
	PRINCIPAL AMOUNT:
	 	 	 	 
	 
	 	 	 	 
	ORIGINAL ISSUE DATE:

	 	INTEREST RATE:
	 	MATURITY DATE:
	 
	 	 	 	 
	SPECIFIED CURRENCY:

	 	OPTION TO ELECT PAYMENT IN U.S.
	 	AUTHORIZED DENOMINATIONS (only
	 

	 	DOLLARS (only applicable if
	 	applicable if Specified
	oU.S. dollars

	 	Specified Currency is
other than U.S. dollars):
	 	Currency is other than U.S.
dollars):
	 
	 	 	 	 
	o Other:

	 	o Yes o No	 	 
	 
	 	 	 	 
	EXCHANGE RATE AGENT
(if other than U.S.
Bank Trust N.A.):

	 	 	 	THIS NOTE IS A:

o Global Note

o Certificated
Note (only applicable
	 

	 	 	 	if Specified Currency
is other than U.S.
dollars)
	 
	 	 	 	 
	ORIGINAL ISSUE DISCOUNT

	 	TOTAL AMOUNT OF OID:
	 	ISSUE PRICE (expressed as a
	NOTE:

	 	 	 	percentage of
aggregate principal amount):
	 
	 	 	 	 
	o Yes o No
	 	 	 	 
	 
	 	 	 	 
	REDEMPTION DATE(S)

	 	REDEMPTION PRICE(S):
	 	TERMS OF AMORTIZING
	(including any

	 	 	 	NOTES:
	applicable regular or 

special record dates):
	 	 	 	 

 

 

	 	 	 	 	 
	REPAYMENT DATE(S)

	 	REPAYMENT PRICE(S):	 	 
	(including any
	 	 	 	 
	applicable regular or 

special record dates):
	 	 	 	 
	 
	 	 	 	 
	OTHER TERMS:

	 	STATED MATURITY EXTENSION
	 	INTEREST RATE RESET OPTION:
	 

	 	OPTION:	 	 
	 
	 	 	 	 
	 

	 	o Yes o No
	 	o Yes o No
	 
	 	 	 	 
	 

	 	EXTENSION PERIOD(S)
AND FINAL MATURITY
DATE (only applicable
if option to extend stated maturity):
	 	OPTIONAL RESET DATES
(only applicable if
option to reset
interest rates):
	 
	 	 	 	 
	 

	 	BASIS FOR INTEREST
RATE DURING EXTENSION
PERIOD (only
applicable if option
to extend stated maturity):
	 	BASIS FOR INTEREST
RATE RESET (only
applicable if option
to reset interest
rates):

     CATERPILLAR FINANCIAL SERVICES CORPORATION, a corporation duly organized and existing under
the laws of Delaware (herein called the “Company”, which term includes any successor Person under
the Indenture referred to on the reverse hereof), for value received, hereby promises to pay to
[Insert if the Security is to be a Certificated Security —                     ] [Insert if the Security
is to be a Global Security — Cede & Co., as nominee for The Depository Trust Company], or
registered assigns, the Principal Amount stated above on the Maturity Date shown above, and to pay
interest thereon from and including the Original Issue Date shown above or, in the case of a Note
issued upon registration of transfer or exchange, from and including the most recent Interest
Payment Date to which interest has been paid or duly provided for, semi-annually on April 1 and
October 1 of each year and on the Maturity Date, commencing on the first such Interest Payment Date
next succeeding the Original Issue Date, provided that if the Original Issue Date is after a
Regular Record Date and before the Interest Payment Date immediately following such Regular Record
Date, interest payments will commence on the second Interest Payment Date following the Original
Issue Date, at the rate per annum set forth above, 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
Note (or one or more Predecessor Notes) is registered at the close of business on the Regular
Record Date for such interest, which shall be the March 15 or September 15 (whether or not a
Business Day), as the case may be, next preceding the April 1 and October 1 Interest Payment Dates;
provided, however, that interest payable at the Maturity Date will be payable to
the Person to whom principal shall be payable. 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 Note (or one or more Predecessor Notes) 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 Notes 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 Notes
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.

     Unless otherwise specified on the face hereof, payments of principal of (and premium, if any)
and interest on this Note will be made in the applicable Specified Currency, provided,
however, that if this Note is denominated in a Specified Currency other than United States
dollars (a “Foreign Currency Note”) payments of principal of (and premium, if any) and interest
hereon will [insert if the Security is to be a Global Security — be made in United States dollars
unless the beneficial holder hereof gives notice to the Depositary that it elects to receive
payments in such Specified Currency. Upon receipt of such notice, the Depositary will notify the
Trustee of the portion of the payment to be made by the Trustee which is to be made in the
Specified Currency and the applicable wire transfer instructions. In such event, the Trustee will
pay the beneficial holder directly.] [insert if the Security is to be a Certificated Security -
nevertheless be made in United States dollars if the Holder hereof elects to receive all

2

 

payments in respect hereof in United States dollars by delivery of a written request to the
Trustee on or prior to the applicable Regular Record Date or at least 15 days prior to Maturity, as
the case may be. Such election may be in writing (mailed or hand delivered) or by cable, telex or
other form of facsimile transmission. A Holder of such a Note may elect to receive payment in
United States dollars for all principal (and premium, if any) and interest payments and need not
file a separate election for each payment. Such election will remain in effect until revoked by
written notice to the Trustee, but written notice of such revocation must be received by the
Trustee on or prior to the applicable Regular Record Date or at least 15 days prior to Maturity, as
the case may be.]

     Payment of the principal of (and premium, if any) and interest on this Note due at Maturity in
United States dollars will be made in immediately available funds, provided that this Note
is presented to the Trustee in time for the Trustee to make such payment in accordance with its
normal procedures.

     [Insert if the Security is to be a Certificated Security — Payment of the principal of (and
premium, if any) and interest on this Note due at Maturity in United States dollars will be made at
the office or agency of the Company maintained for that purpose in the Borough of Manhattan, The
City of New York, in immediately available funds. Payment of interest (other than interest due at
Maturity) will be made by United States dollar check mailed to the address of the Person entitled
thereto as such address shall appear in the Security Register. Notwithstanding the foregoing,
unless otherwise specified on the face hereof, a holder of U.S. $10,000,000 or more in aggregate
principal amount of Notes of like tenor and terms shall be entitled to receive such payment of
interest in United States dollars by wire transfer of immediately available funds to such account
with a bank located in the United States as shall be designated by such person, but only if
appropriate payment instructions have been received in writing by the Trustee on or prior to the
Regular Record Date.] [Insert if the Security is to be a Global Security — Payment of the
principal of (and premium, if any) and interest (other than interest payable at Maturity) on this
Note in United States dollars will be made by transfer of immediately available funds to the
Depositary or its nominee.]

     All payments of principal (and premium, if any) and interest in a Specified Currency other
than United States dollars will be made in the manner set forth on the reverse hereof.

     REFERENCE IS HEREBY MADE TO THE FURTHER PROVISIONS OF THIS NOTE 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, directly or through an Authenticating Agent, by manual signature of an
authorized signatory, this Note shall not be entitled to any benefit under the Indenture or be
valid or obligatory for any purpose.

3

 

     IN WITNESS WHEREOF, the Company has caused this instrument to be duly executed under its
corporate seal.

	 	 	 	 	 	 	 
	Dated:	 	CATERPILLAR FINANCIAL SERVICES CORPORATION
	 
	 	 	 	 	 	 
	[SEAL]

	 	By:	 	 	 	 
	 

	 	Name:
	 	 

James A. Duensing
	 	 
	 

	 	Title:
	 	Executive Vice President and Chief Financial	 	 
	 

	 	 	 	Officer	 	 
	 
	 	 	 	 	 	 
	 	 	ATTEST:
	 
	 	 	 	 	 	 
	 	 	 	 	 
	 

	 	 	 	Secretary	 	 

	 	 	 	 	 
	TRUSTEE’S CERTIFICATE OF AUTHENTICATION	 	 
	 
	 	 	 	 
	 

	 	This is one of the Notes of the series designated	 	 
	therein referred to in the within-mentioned Indenture.	 	 
	 
	 	 	 	 
	U.S. BANK TRUST NATIONAL ASSOCIATION,
	 	 
	as Trustee	 	 
	 
	 	 	 	 
	By
	 	 	 	 
	 

	 	 

Authorized Officer
	 	 

4

 

[BACK OF SECURITY]

CATERPILLAR FINANCIAL SERVICES CORPORATION

MEDIUM-TERM NOTE, SERIES F

(Fixed Rate)

     This Note is one of a duly authorized issue of securities of the Company (herein called the
“Notes”), issued and to be issued in one or more series under an Indenture dated as of April 15,
1985, as supplemented from time to time (herein called the “Indenture”), between the Company and
U.S. Bank Trust National Association, as successor Trustee (herein called the “Trustee”, which term
includes any successor trustee under the Indenture), to which Indenture and all indentures
supplemental thereto reference is hereby made for a statement of the respective rights, limitations
of rights, duties and immunities thereunder of the Company, the Trustee and the Holders of the
Notes and of the terms upon which the Notes are, and are to be, authenticated and delivered. This
Note is one of the series designated on the face hereof. The Notes of this series may be
denominated in different currencies, bear different dates, mature at different times and bear
interest at different rates.

     The United States dollar equivalent of Notes denominated in currencies other than United
States dollars will be determined by the Exchange Rate Agent on the basis of the noon buying rate
for cable transfers in The City of New York as determined by the Federal Reserve Bank of New York
(the “Market Exchange Rate”) for such currencies on the Business Day (as defined below) immediately
preceding the applicable issue dates.

     Interest payments for this Note will include interest accrued from and including the last date
in respect of which interest has been paid or duly provided for (or from and including the Original
Issue Date if no interest has been paid or provided for) to but excluding the Interest Payment
Dates. Interest payments for this Note shall be computed and paid on the basis of a 360-day year
of twelve 30-day months.

     If the Company has the option with respect to this Note to reset the interest rate, such
option will be indicated on the face hereof, together with (i) the date or dates on which such
interest rate may be reset (each an “Optional Reset Date”) and (ii) the basis or formula, if any,
for such resetting. The Company may exercise such option by notifying the Trustee of such exercise
at least 45 but not more than 60 days prior to an Optional Reset Date. Not later than 40 days
prior to such Optional Reset Date, the Trustee will mail to the Holder hereof a notice (the “Reset
Notice”), first class, postage prepaid, setting forth (i) the election of the Company to reset the
interest rate, (ii) such new interest rate, and (iii) the provisions, if any, for redemption during
the period from such Optional Reset Date to the next Optional Reset Date or, if there is no such
next Optional Reset Date, to the Stated Maturity of this Note (each such period a “Subsequent
Interest Period”), including the date or dates on which or the period or periods during which and
the price or prices at which such redemption may occur during such Subsequent Interest Period.

     Notwithstanding the foregoing, not later than 20 days prior to an Optional Reset Date, the
Company may, at its option, revoke the interest rate provided for in the Reset Notice and establish
a higher interest rate for the Subsequent Interest Period commencing on such Optional Reset Date by
mailing or causing the Trustee to mail notice of such higher interest rate first class, postage
prepaid, to the Holder hereof. Such notice shall be irrevocable. If the interest rate is reset on
an Optional Reset Date this Note will bear such higher interest rate.

     If the Company elects to reset the interest rate of this Note, the Holder hereof will have the
option to elect repayment of this Note by the Company on any Optional Reset Date at a price equal
to the principal amount hereof plus any accrued interest to such Optional Reset Date. In order for
this Note to be so repaid on an Optional Reset Date, the Holder hereof must follow the procedures
set forth below for optional repayment, except that the period for delivery of this Note or
notification to the Trustee shall be at least 25 but not more than 35 days prior to such Optional
Reset Date and except that a Holder who has tendered this Note for repayment pursuant to a Reset
Notice may, by written notice to the Trustee, revoke any such tender for repayment until the close
of business on the tenth day prior to such Optional Reset Date.

     If the Company has the option to extend the Stated Maturity of this Note for one or more
periods (each an “Extension Period”) up to but not beyond a date (the “Final Maturity Date”) set
forth on the face hereof, such option

5

 

will be indicated on the face hereof together with the basis or formula, if any, for setting
the interest rate applicable to any such Extension Period. The Company may exercise such option
with respect to this Note by notifying the Trustee of such exercise at least 45 but not more than
60 days prior to the Stated Maturity of this Note in effect prior to the exercise of such option
(the “Original Stated Maturity”). No later than 40 days prior to the Original Stated Maturity, the
Trustee will mail to the Holder hereof a notice (the “Extension Notice”) relating to such Extension
Period, first class, postage prepaid, setting forth (i) the election of the Company to extend the
Stated Maturity of this Note, (ii) the new Stated Maturity, (iii) the interest rate applicable to
the Extension Period, and (iv) the provisions, if any, for redemption during the Extension Period,
including the date or dates on which or the period or periods during which and the price or prices
at which such redemption may occur during the Extension Period. Upon the mailing by the Trustee of
an Extension Notice to the Holder hereof, the Stated Maturity of this Note shall be extended
automatically as set forth in the Extension Notice, and, except as modified by the Extension Notice
and as described in the next paragraph, this Note will have the same terms as prior to the mailing
of such Extension Notice.

     Notwithstanding the foregoing, not later than 20 days prior to the Original Stated Maturity
for this Note, the Company may, at its option, revoke the interest rate provided for in the
Extension Notice and establish a higher interest rate for the Extension Period by mailing or
causing the Trustee to mail notice of such higher interest rate first class, postage prepaid, to
the Holder hereof. Such notice shall be irrevocable. All Notes with respect to which the Stated
Maturity is extended will bear such higher interest rate for the Extension Period.

     If the Company elects to extend the Stated Maturity of this Note, the Holder hereof will have
the option to elect repayment of this Note by the Company at the Original Stated Maturity at a
price equal to the principal amount hereof plus any accrued interest to such date. In order for
this Note to be so repaid on the Original Stated Maturity, the Holder hereof must follow the
procedures set forth below for optional repayment, except that the period for delivery of this Note
or notification to the Trustee shall be at least 25 but not more than 35 days prior to the Original
Stated Maturity and except that a Holder who has tendered this Note for repayment pursuant to an
Extension Notice may, by written notice to the Trustee, revoke any such tender for repayment until
the close of business on the tenth day prior to the Original Stated Maturity.

     Unless one or more Redemption Dates is specified on the face hereof, this Note shall not be
redeemable at the option of the Company before the Maturity Date specified on the face hereof. If
one or more Redemption Dates (or ranges of Redemption Dates) is so specified, this Note is subject
to redemption on any such date (or during any such range) at the option of the Company, upon notice
by first-class mail, mailed not less than 30 days nor more than 60 days prior to the Redemption
Date specified in such notice, at the applicable Redemption Price specified on the face hereof
(expressed as a percentage of the principal amount of this Note), together in the case of any such
redemption with accrued interest to the Redemption Date, but interest installments whose Stated
Maturity is prior to the Redemption Date will be payable to the Holder of this Note, or one or more
predecessor Notes, of record at the close of business on the relevant Regular or Special Record
Dates referred to on the face hereof, all as provided in the Indenture. The Company may elect to
redeem less than the entire principal amount hereof, provided that the principal amount, if
any, of this Note that remains outstanding after such redemption is an Authorized Denomination as
defined herein.

     Unless one or more Repayment Dates is specified on the face hereof, this Note shall not be
repayable at the option of the Holder on any date prior to the Maturity Date specified on the face
hereof. If one or more Repayment Dates (or ranges of Repayment Dates) is so specified, this Note
is subject to repayment on any such date (or during any such range) at the option of the Holder at
the applicable Repayment Price specified on the face hereof (expressed as a percentage of the
principal amount of this Note), together in the case of any such repayment with accrued interest to
the Repayment Date, but interest installments whose Stated Maturity is prior to the Repayment Date
will be payable to the Holder of this Note, or one or more predecessor Notes, of record at the
close of business on the relevant Regular or Special Record Dates referred to on the face hereof,
all as provided in the Indenture. For this Note to be repaid at the option of the Holder, the
Trustee must receive at the principal office of its Corporate Trust Department in The City of New
York, at least 30 days but not more than 45 days prior to the Repayment Date on which this Note is
to be repaid, this Note and a statement that the option to elect repayment is being exercised
thereby. Exercise of the repayment option by the Holder shall be irrevocable except to the extent
permitted in connection with an interest rate reset or an extension of maturity, each as described
above. The repayment option with respect to this Note may be exercised by the Holder for less than
the entire principal amount hereof, provided

6

 

that the principal amount, if any, of this Note that remains outstanding after such repayment
is an Authorized Denomination as defined herein.

     [Insert if the Security is to be a Certificated Security — In the event of redemption or
repayment of this Note in part only, a new Note or Notes of this series and of like tenor and for a
principal amount equal to the unredeemed or unrepaid portion will be delivered to the registered
Holder upon the cancellation hereof.]

     [Insert if the Security is to be a Global Security — In the event of redemption or repayment
of this Note in part only, the principal amount shall be reduced.]

     If this is a Foreign Currency Note to be paid in United States dollars, the United States
dollar amount to be received in respect hereof will be based upon the exchange rate as determined
by the Exchange Rate Agent based on the highest firm bid quotation for United States dollars
received by such Exchange Rate Agent at approximately 11:00 a.m., New York City time, on the second
Business Day preceding the applicable payment date from three recognized foreign exchange dealers
in The City of New York selected by the Exchange Rate Agent and approved by the Company (one of
which may be the Exchange Rate Agent) for the purchase by the quoting dealer, for settlement on
such payment date, of the aggregate amount of the Specified Currency payable on such payment date
in respect of this Note. If no such bid quotations are available, payments will be made in the
Specified Currency, unless such Specified Currency is unavailable due to the imposition of exchange
controls or to other circumstances beyond the Company’s control, in which case the Company will be
entitled to make payments in respect hereof in United States dollars as provided below. All
currency exchange costs will be borne by the Holder hereof by deductions from such payments.

     If a Holder is to receive payments in a Specified Currency other than United States dollars as
described on the face hereof, payments of principal of (and premium, if any) and interest will be
paid in immediately available funds by wire transfer to an account maintained by the Holder with a
bank designated by the Holder (which in the case of Global Securities will be the Depositary or its
nominee) on or prior to the Regular Record Date or at least 15 days prior to Maturity, as the case
may be, provided that such bank has the appropriate facilities for such a payment in the Specified
Currency, provided, however, that with respect to payments of principal and
premium, if any, and interest at Maturity this Note is presented to the Trustee in time for the
Trustee to make such payment in accordance with its normal procedures, which shall require
presentation no later than two Business Days prior to Maturity in order to ensure the availability
of immediately available funds in the Specified Currency at Maturity.

     If payment on this Note is required to be made in a Specified Currency other than United
States dollars and such currency is unavailable in the good faith judgment of the Company due to
the imposition of exchange controls or to other circumstances beyond the Company’s control, or is
no longer used by the government of the country issuing such currency or for the settlement of
transactions by public institutions of or within the international banking community, then all
payments with respect to this Note shall be made in United States dollars until such currency is
again available or so used. The amount so payable on any date in such Specified Currency shall be
converted into United States dollars at a rate determined by the Exchange Rate Agent on the basis
of the Market Exchange Rate on the second Business Day prior to such payment, or, if the Market
Exchange Rate is not then available, the most recently available Market Exchange Rate or as
otherwise determined in good faith by the Company if the foregoing is impracticable.

     If this is a Foreign Currency Note, in the event of an official redenomination of such foreign
currency (including, without limitation, an official redenomination of a foreign currency that is a
composite currency) the obligations of the Company with respect to payments on this Note
denominated in such currency shall, in all cases, be deemed immediately following such
redenomination to provide for the payment of that amount of redenominated currency representing the
amount of such obligations immediately before such redenomination. No adjustment will be made to
any amount payable under this Note as a result of (a) any change in the value of a foreign currency
relative to any other currency due solely to fluctuations in exchange rates or (b) any
redenomination of any component currency of any composite currency (unless such composite currency
is itself officially redenominated.

     If an Event of Default with respect to Notes of this series shall occur and be continuing, the
principal of the Notes of this series may be declared due and payable in the manner and with the
effect provided in the Indenture. Unless otherwise specified on the face hereof, if any Original
Issue Discount Note (as defined below) is redeemed

7

 

by the Company or repaid at the option of the Holder, each as described above, or if the
principal of any Original Issue Discount Note is declared to be due and payable immediately
pursuant to this paragraph, the amount of principal due and payable with respect to this Note shall
be limited to the sum of the aggregate principal amount of this Note multiplied by the Issue Price
(expressed as a percentage of the aggregate principal amount) plus the original issue discount
accrued from the date of issue to the date of redemption, repayment or declaration, as applicable,
which accrual shall be calculated using the “interest method” (computed in accordance with
generally accepted accounting principles) in effect on the date of redemption, repayment or
declaration. Unless otherwise specified on the face hereof, an Original Issue Discount Note is a
Note which has a stated redemption price at maturity that exceeds its Issue Price by at least 0.25%
of its stated redemption price at maturity, multiplied by the number of complete years from the
Original Issue Date to the Maturity Date for this Note.

     The Indenture permits, with certain exceptions as therein provided, the amendment thereof and
the modification of the rights and obligations of the Company and the rights of the Holders of the
Notes of each series to be affected under the Indenture at any time by the Company and the Trustee
with the consent of the Holders of not less than 66 2/3% in principal amount of the Notes 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 Notes of each series at the time
Outstanding on behalf of the Holders of all Notes of such series, to waive compliance by the
Company with certain provisions of the Indenture and certain past defaults under the Indenture and
their consequences. Any such consent or waiver by the Holder of this Note shall be conclusive and
binding upon such Holder and upon all future Holders of this Note and of any Note 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 Note.

     No reference herein to the Indenture and no provision of this Note 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 Note at the times, places and rate, and in
the coin or currency, herein prescribed. However, the Indenture limits the Holder’s right to
enforce the Indenture and this Note.

     As provided in the Indenture and subject to certain limitations set forth therein and as may
be set forth on the face hereof, the transfer of this Note is registrable in the Security Register,
upon surrender of this Note 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 Note 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 Notes of this series of like tenor, of Authorized
Denominations and for the same aggregate principal amount, will be issued to the designated
transferee or transferees.

     [Insert if the Security is a Global Security — This Note is a Global Note and shall be
exchangeable for Notes registered in the names of Persons other than the Depositary with respect to
this Global Note or its nominee only if (A) such Depositary notifies the Company that it is
unwilling or unable to continue as Depositary for this Global Note or at any time ceases to be a
clearing agency registered as such under the Securities Exchange Act of 1934, as amended, (B) the
Company in its discretion executes and delivers to the Trustee a Company Order that this Global
Note shall be exchangeable or (C) there shall have occurred and be continuing an Event of Default
with respect to the Notes. If this Global Note is exchangeable pursuant to the preceding sentence,
it shall be exchangeable for Notes issuable in denominations of $1,000 and any integral multiple of
$1,000 in excess thereof, registered in such names as such Depositary shall direct.]

     The Notes of this series are issuable, in the case of Notes denominated in United States
dollars, in denominations of U.S. $1,000 and any integral multiple of U.S. $1,000 in excess thereof
and, in the case of Notes denominated in a Specified Currency other than United States dollars, in
the authorized denominations set forth on the face hereof (in each case, an “Authorized
Denomination”). As provided in the Indenture and subject to certain limitations set forth therein
and as may be set forth on the face hereof, Notes of this series are exchangeable for a like
aggregate principal amount of Notes of this series of like tenor of a different Authorized
Denomination, as requested by the Holder surrendering the same.

     “Business Day” means (a) with respect to any Note, any day that is not a Saturday or Sunday
and that, in The City of New York, is not a day on which banking institutions generally are
authorized or required by law,

8

 

regulation or executive order to close and (b) if the Note is denominated in a Specified
Currency other than United States dollars, not a day on which banking institutions are authorized
or required by law, regulation or executive order to close in the principal financial center of the
country issuing the Specified Currency (but if the Specified Currency is the Euro, the day must
also be a day on which the Trans-European Automated Real-Time Gross Settlement Express Transfer
(TARGET) System is open). As used in the preceding sentence, “principal financial center” means the
capital city of the country issuing the Specified Currency, except that with respect to United
States dollars, Australian dollars, Canadian dollars, Swiss francs and South African rand, the
“principal financial center” shall be The City of New York, Sydney, Toronto, Zurich and
Johannesburg, respectively.

     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.

     The Notes of this series may be issued in the form of one or more Global Securities to The
Depository Trust Company as depositary for the Global Securities of this series (the “Depositary”)
or its nominee and registered in the name of the Depositary or such nominee.

     Prior to due presentment of this Note for registration of transfer, the Company, the Trustee
and any agent of the Company or the Trustee may treat the Person in whose name this Note is
registered as the owner hereof for all purposes, whether or not this Note is overdue, and neither
the Company, the Trustee nor any such agent shall be affected by notice to the contrary.

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

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

 

9

 

ABBREVIATIONS

     The following abbreviations, when used in the inscription on the face of this instrument,
shall be construed as though they were written out in full according to applicable laws or
regulations.

	 	 	 	 	 	 	 	 	 	 	 
	 	 	TEN COM -	 	as tenants in common	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	 	 	TEN ENT -	 	as tenants by the entireties	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	 	 	JT TEN -	 	as joint tenants with right of survivorship and not as tenants in common

	 	 	 	 	 	 	 	 	 	 	 
	 

	 	UNIF GIFT MIN ACT -
	 	 	 	Custodian	 	 	 	 
	 

	 	 	 	 

(Cust)
	 	 	 	 

(Minor)
	 	 

Under Uniform Gifts to Minors Act

 

(State)

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

 

FOR VALUE RECEIVED, the undersigned hereby sell(s), assign(s) and transfer(s) unto

PLEASE INSERT SOCIAL SECURITY OR OTHER IDENTIFYING NUMBER OF ASSIGNEE

/                                                            /            
                                                                          

 

PLEASE PRINT OR TYPEWRITE NAME AND ADDRESS INCLUDING POSTAL ZIP CODE OF ASSIGNEE

 

the within Note and all rights thereunder, hereby irrevocably constituting and appointing                    

 

attorney to transfer said Note on the books of the Company, with full power of substitution in the

premises.

	 	 	 	 	 	 	 	 	 
	Dated:
	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	NOTICE: The signature to this assignment must correspond with
the name as written upon the face of the within instrument in
every particular, without alteration or enlargement or any
change whatever.

10exv4w9

 

Exhibit 4.9

[FACE OF SECURITY]

			
	 	 	 
	REGISTERED
	 	REGISTERED

No. FLR

CUSIP

CATERPILLAR FINANCIAL SERVICES CORPORATION

MEDIUM-TERM NOTE, SERIES F

(Floating Rate)

          [Insert if the Security is to be a Global Security — This Note 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 Notes 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 Note (other than a transfer of this Note 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 (55 Water Street, New York, New York) to the issuer or its agent for registration of
transfer, exchange or payment, and any certificate issued is registered in the name of Cede & Co.
or such other name as requested by an authorized representative of The Depository Trust Company and
any payment hereon is made to Cede & Co., ANY TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR
OTHERWISE BY OR TO ANY PERSON IS WRONGFUL since the registered owner hereof, Cede & Co., has an
interest herein.]

          THE FOLLOWING SUMMARY OF TERMS IS SUBJECT TO THE INFORMATION SET FORTH ON THE REVERSE HEREOF:

PRINCIPAL AMOUNT:

	 	 	 	 	 
	ORIGINAL ISSUE DATE:

	 	INITIAL INTEREST RATE:
	 	MATURITY DATE:
	 
	 	 	 	 
	SPECIFIED CURRENCY:

o U.S. dollars

o Other:

	 	OPTION TO ELECT PAYMENT IN U.S.
DOLLARS (only applicable if
Specified Currency is other than U.S. dollars):
	 	AUTHORIZED DENOMINATIONS (only
applicable if Specified Currency is
other than U.S. dollars):
	 

	 	o Yes      o No	 	 
	 
	 	 	 	 
	EXCHANGE RATE AGENT (if other
than U.S. Bank Trust National
Association):

	 	 	 	THIS NOTE IS A:

o Global Note

o Certificated Note (only
applicable if Specified Currency is
other than U.S. dollars)
	 
	 	 	 	 
	INDEX MATURITY:

	 	INTEREST RATE BASIS OR BASES:
	 	SPREAD (plus or minus):

 

 

	 	 	 	 	 
	 

	 	SPREAD MULTIPLIER:
	 	INTEREST RESET DATES:
	 
	 	 	 	 
	LIBOR CURRENCY (only

	 	INTEREST PAYMENT PERIOD:
	 	INTEREST RESET PERIOD:
	applicable if LIBOR Interest 

Rate Basis):
	 	 	 	 
	 
	 	 	 	 
	MAXIMUM INTEREST RATE:

	 	MINIMUM INTEREST RATE:
	 	INTEREST PAYMENT DATES:
	 
	SPREAD/SPREAD MULTIPLIER 

RESET OPTION:

o Yes

o No

	 	 	 	STATED MATURITY EXTENSION
OPTION:

o Yes o No
	 
	 	 	 	 
	OPTIONAL RESET DATES (only
applicable if option to reset
spread or spread multiplier):

	 	 	 	EXTENSION PERIOD(S) and FINAL
MATURITY DATE (only applicable if
option to extend stated maturity):
	 
	 	 	 	 
	BASIS FOR SPREAD/SPREAD
MULTIPLIER RESET (only
applicable if option to reset
spread or spread multiplier):

	 	 	 	BASIS FOR SPREAD/SPREAD MULTIPLIER
DURING EXTENSION PERIOD (only
applicable if option to extend stated
maturity):
	 
	 	 	 	 
	INTEREST RESET DATES:

	 	CALCULATION DATES:
	 	TERMS OF AMORTIZING NOTES:
	 
	 	 	 	 
	INTEREST DETERMINATION DATES:

	 	CALCULATION AGENT (if other than
U.S. Bank Trust National
Association):	 	 
	 
	 	 	 	 
	ORIGINAL ISSUE DISCOUNT NOTE:

o Yes o No

	 	TOTAL AMOUNT OF OID:
	 	ISSUE PRICE (expressed as a
percentage of aggregate principal
amount):
	 
	 	 	 	 
	REDEMPTION DATE(S) (including any applicable regular or
special record dates):

	 	REDEMPTION PRICE(S):	 	 
	 
	 	 	 	 
	REPAYMENT DATE(S) (including any applicable regular or
special record dates):

	 	REPAYMENT PRICE(S):	 	 
	 
	 	 	 	 
	OTHER TERMS:

	 	IF CMT RATE:

     o Reuters Page FRBCMT

     o Reuters Page FEDCMT

     If Reuters Page FEDCMT:

          o Weekly Average

          o Monthly Average
	 	IF FEDERAL FUNDS RATE:

o Federal Funds (Effective)Rate

o Federal Funds Open Rate

o Federal Funds Target Rate

2

 

          CATERPILLAR FINANCIAL SERVICES CORPORATION, a corporation duly organized and existing under
the laws of Delaware (herein called the “Company,” which term includes any successor Person under
the Indenture referred to on the reverse hereof), for value received, hereby promises to pay to
[Insert if the Security is to be a Certificated Security —                     ] [Insert if the Security
is to be a Global Security — Cede & Co., as nominee for The Depository Trust Company], or
registered assigns, the Principal Amount stated above on the Maturity Date shown above, and to pay
interest thereon from and including the Original Issue Date shown above or, in the case of a Note
issued upon registration of transfer or exchange, from and including the most recent Interest
Payment Date to which interest has been paid or duly provided for, on the Interest Payment Dates
set forth above and on the Maturity Date, commencing on the first such Interest Payment Date next
succeeding the Original Issue Date, provided that if the Original Issue Date is after a Regular
Record Date and before the Interest Payment Date immediately following such Regular Record Date,
interest payments will commence on the second Interest Payment Date following the Original Issue
Date, at the rate per annum determined in accordance with the provisions on the reverse hereof,
depending on the Interest Rate Basis or Bases specified above, 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 Note (or one or more Predecessor Notes) is registered at the close of business on the
Regular Record Date for such interest, which shall be the fifteenth calendar day (whether or not
such date is a Business Day) next preceding each Interest Payment
Date; provided, however, that
interest payable at the Maturity Date will be payable to the person to whom principal shall be
payable. 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 Note (or one or more Predecessor Notes) 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 Notes 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 Notes 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.

          Unless otherwise specified on the face hereof, payments of principal of (and premium, if any)
and interest on this Note will be made in the applicable Specified
Currency, provided, however,
that if this Note is denominated in a Specified Currency other than United States dollars (a
“Foreign Currency Note”) payments of principal of (and premium, if any) and interest hereon will
[insert if the Security is to be a Global Security — be made in United States dollars unless the
beneficial holder hereof gives notice to the Depositary that it elects to receive payments in such
Specified Currency. Upon receipt of such notice, the Depositary will notify the Trustee of the
portion of the payment to be made by the Trustee which is to be made in the Specified Currency and
the applicable wire transfer instructions. In such event, the Trustee will pay the beneficial
holder directly.] [insert if the Security is to be a Certificated Security — nevertheless be made
in United States dollars if the Holder hereof elects to receive all payments in respect hereof in
United States dollars by delivery of a written request to the Trustee on or prior to the applicable
Regular Record Date or at least 15 days prior to Maturity, as the case may be. Such election may
be in writing (mailed or hand delivered) or by cable, telex or other form of facsimile
transmission. A Holder of such a Note may elect to receive payment in United States dollars for
all principal (and premium, if any) and interest payments and need not file a separate election for
each payment. Such election will remain in effect until revoked by written notice to the Trustee,
but written notice of such revocation must be received by the Trustee on or prior to the applicable
Regular Record Date or at least 15 days prior to Maturity, as the case may be.]

          Payment of the principal of (and premium, if any) and interest on this Note due at Maturity in
United States dollars will be made in immediately available funds, provided that this Note is
presented to the Trustee in time for the Trustee to make such payment in accordance with its normal
procedures.

          [Insert if the Security is to be a Certificated Security — Payment of the principal of (and
premium, if any) and interest on this Note due at Maturity in United States dollars will be made at
the office or agency of the Company maintained for that purpose in the Borough of Manhattan, The
City of New York, in immediately available funds. Payment of interest (other than interest due at
Maturity) will be made by United States dollar check mailed to the address of the Person entitled
thereto as such address shall appear in the Security Register. Notwithstanding the foregoing,
unless otherwise specified on the face hereof, a holder of U.S. $10,000,000 or more in aggregate
principal amount of Notes of like tenor and terms shall be entitled to receive such payment of
interest in United States dollars by wire transfer of immediately available funds to such account
with a bank located in the United States as shall be designated by such person, but only if
appropriate payment instructions have been received

3

 

in writing by the Trustee on or prior to the Regular Record Date.] [Insert if the Security is
to be a Global Security — Payment of the principal of (and premium, if any) and interest (other
than interest payable at Maturity) on this Note in United States dollars will be made by transfer
of immediately available funds to the Depositary or its nominee.]

          All payments of principal (and premium, if any) and interest in a Specified Currency other
than United States dollars will be made in the manner set forth on the reverse hereof.

          REFERENCE IS HEREBY MADE TO THE FURTHER PROVISIONS OF THIS NOTE 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, directly or through an Authenticating Agent, by manual signature of an
authorized signatory, this Note shall not be entitled to any benefit under the Indenture or be
valid or obligatory for any purpose.

4

 

          IN WITNESS WHEREOF, the Company has caused this instrument to be duly executed under its
corporate seal.

	 	 	 	 	 
	Dated:	 	CATERPILLAR FINANCIAL SERVICES CORPORATION
	 
	 	 	 	 
	[SEAL]

	 	By:	 	 
	 

	 	 	 	 
	 	 	Name: James A. Duensing
	 	 	Title: Executive Vice President and Chief
Financial Officer
	 
	 	 	 	 
	 	 	ATTEST:
	 
	 	 	 	 
	 	 	 
	 

	 	 	 	Secretary

	 	 	 	 	 
	TRUSTEE’S CERTIFICATE OF AUTHENTICATION	 	 
	 
	 	 	 	 
	          This is one of the Notes of the series designated
therein referred to in the within-mentioned Indenture.	 	 
	 
	 	 	 	 
	U.S. BANK TRUST NATIONAL ASSOCIATION,	 	 
	as Trustee	 	 
	 
	 	 	 	 
	By
	 	 	 	 
	 

	 	 

	 	 
	 

	 	Authorized Officer	 	 

5

 

[BACK OF SECURITY]

CATERPILLAR FINANCIAL SERVICES CORPORATION

MEDIUM-TERM NOTE, SERIES F

(Floating Rate)

          This Note is one of a duly authorized issue of securities of the Company (herein called the
“Notes”), issued and to be issued in one or more series under an Indenture dated as of April 15,
1985, as supplemented from time to time (herein called the “Indenture”), between the Company and
U.S. Bank Trust National Association, as successor Trustee (herein called the “Trustee,” which term
includes any successor trustee under the Indenture), to which Indenture and all indentures
supplemental thereto reference is hereby made for a statement of the respective rights, limitations
of rights, duties and immunities thereunder of the Company, the Trustee and the Holders of the
Notes and of the terms upon which the Notes are, and are to be, authenticated and delivered. This
Note is one of the series designated on the face hereof. The Notes of this series may be
denominated in different currencies, bear different dates, mature at different times and bear
interest at different rates.

          The United States dollar equivalent of Notes denominated in currencies other than United
States dollars will be determined by the Exchange Rate Agent on the basis of the noon buying rate
for cable transfers in The City of New York as determined by the Federal Reserve Bank of New York
(the “Market Exchange Rate”) for such currencies on the Business Day (as defined below) immediately
preceding the applicable issue dates.

          The rate of interest on this Note will be reset daily, weekly, monthly, quarterly,
semi-annually or annually (each an “Interest Reset Date”), as specified on the face hereof. Unless
otherwise specified on the face hereof, the Interest Reset Date will be, if this Note resets daily,
each Business Day; if this Note resets weekly (unless the Interest Rate Basis on this Note is the
Treasury Rate), the Wednesday of each week; if this Note resets weekly and the Interest Rate Basis
on this Note is the Treasury Rate, the Tuesday of each week (except as described below); if this
Note resets monthly, the third Wednesday of each month; if this Note resets quarterly, the third
Wednesday of March, June, September and December; if this Note resets semi-annually, the third
Wednesday of two months of each year, as specified on the face hereof; and if this Note resets
annually, the third Wednesday of one month of each year, as specified on the face hereof; provided,
however, that the interest rate in effect from the date of issue to the first Interest Reset Date
will be the Initial Interest Rate specified on the face hereof. If any Interest Reset Date would
otherwise be a day that is not a Business Day, the Interest Reset Date shall be postponed to the
next day that is a Business Day except that if (i) the rate of interest on this Note will be
determined in accordance with the provisions of the heading “Determination of LIBOR” below and (ii)
such Business Day is in the next succeeding calendar month, such Interest Reset Date shall be the
immediately preceding Business Day. Subject to applicable provisions of law and except as
specified herein or on the face hereof, on each Interest Reset Date, the rate of interest on this
Note shall be the rate determined in accordance with the provisions of the applicable heading
below.

          Determination of Commercial Paper Rate. Unless otherwise specified on the face
hereof, if the Interest Rate Basis on this Note is the Commercial Paper Rate, the interest rate
with respect to this Note shall equal (i) the Money Market Yield (calculated as described below) of
the rate on the applicable Commercial Paper Interest Determination Date (as defined below) for
commercial paper having the Index Maturity specified on the face hereof, as such rate is published
by the Board of Governors of the Federal Reserve System in “Statistical Release H.15(519), Selected
Interest Rates,” or any successor publication of the Board of Governors of the Federal Reserve
System (“H.15(519)”), under the heading “Commercial Paper—Nonfinancial,” or (ii) if such rate is
not published prior to 3:00 p.m., New York City time, on the Calculation Date pertaining to such
Commercial Paper Interest Determination Date, the Money Market Yield of the rate on such Commercial
Paper Interest Determination Date for commercial paper having the Index Maturity specified on the
face hereof as published in the daily update of H.15(519), available through the website of the
Board of Governors of the Federal Reserve System at http://www.federalreserve.gov/releases/cp/, or
any successor site or publication (“H.15 Daily Update”), under the heading “Commercial
Paper—Nonfinancial” or another recognized electronic source used for the purpose of displaying the
applicable rate, or (iii) if such rate is not published either in H.15(519) or in H.15 Daily Update
or another recognized electronic source by 3:00 p.m., New York City time, on such Calculation Date,
the Money Market Yield of the arithmetic mean (each as rounded, if necessary, to the nearest
one-hundred-thousandth of a percentage point, with five-millionths of a percentage point rounded
upwards) of the offered rates, as of 11:00 a.m.,

6

 

New York City time, on such Commercial Paper Interest Determination Date of three leading
dealers of commercial paper in The City of New York selected by the Calculation Agent for
commercial paper of the Index Maturity specified on the face hereof placed for an industrial issuer
whose bond rating is “AA,” or the equivalent, from a nationally recognized statistical rating
organization, adjusted in each of the above cases by the addition or subtraction of the Spread, if
any, specified on the face hereof, and/or by multiplication by the Spread Multiplier, if any,
specified on the face hereof; provided, however, that if the dealers selected as aforesaid by the
Calculation Agent are not quoting as mentioned in this sentence, the Commercial Paper Rate will
remain the Commercial Paper Rate then in effect on such Commercial Paper Interest Determination
Date.

          “Money Market Yield” shall be the yield (expressed as a percentage rounded, if necessary, to
the nearest one-hundred-thousandth of a percentage point, with five-millionths of a percentage
point rounded upwards) calculated in accordance with the following formula:

     

where “D” refers to the per annum rate for commercial paper, quoted on a bank discount basis and
expressed as a decimal and “M” refers to the actual number of days in the interest period for which
interest is being calculated.

          Determination of Federal Funds Rate. Unless otherwise specified on the face hereof,
if the Interest Rate Basis on this Note is the Federal Funds Rate, the interest rate with respect
to this Note as of the applicable Federal Funds Interest Determination Date shall equal:

          (i) if Federal Funds (Effective) Rate is specified on the face hereof: (a) the rate with
respect to such date for U.S. dollar federal funds as published in H.15(519) under the heading
“Federal funds (effective),” as such rate is displayed on Reuters on page FEDFUNDS1 (or any other
page as may replace such page on such service) (“Reuters Page FEDFUNDS1”) under the heading
“EFFECT,” or (b) if such rate is not so published by 3:00 p.m., New York City time, on the
Calculation Date, the rate with respect to such Federal Funds Interest Determination Date for U.S.
dollar federal funds as published in H.15 Daily Update, or such other recognized electronic source
used for the purpose of displaying such rate, under the caption “Federal funds (effective),” or (c)
if such rate does not appear on Reuters Page FEDFUNDS1 or is not yet published in H.15(519), H.15
Daily Update or another recognized electronic source by 3:00 p.m., New York City time, on the
related Calculation Date, the rate on such Federal Funds Interest Determination Date calculated by
the Calculation Agent as the arithmetic mean of the rates for the last transaction in overnight
U.S. dollar federal funds arranged by three leading brokers of U.S. dollar federal funds
transactions in The City of New York (which may include Agents (as defined in the applicable
pricing supplement) or their affiliates) selected by the Calculation Agent prior to 9:00 a.m., New
York City time, on the Business Day following such Federal Funds Interest Determination Date;
provided, however, that if the brokers selected as aforesaid by the Calculation Agent are not
quoting as mentioned in this sentence, the Federal Funds Rate will remain the Federal Funds Rate
then in effect on such Federal Funds Interest Determination Date;

          (ii) if Federal Funds Open Rate is specified on the face hereof: (a) the rate on such date
under the heading “Federal Funds” for the relevant Index Maturity and opposite the caption “Open”
as such rate is displayed on Reuters on page 5 (or any other page as may replace such page on such
service) (“Reuters Page 5”), or (b) if such rate does not appear on Reuters Page 5 by 3:00 p.m.,
New York City time, on the Calculation Date, the rate with respect to such Federal Funds Interest
Determination Date displayed on the FFPREBON Index page on Bloomberg, which is the Fed Funds
Opening Rate as reported by Prebon Yamane (or a successor) on Bloomberg, or (c) if such rate does
not appear on Reuters Page 5 or is not displayed on the FFPREBON Index page on Bloomberg or another
recognized electronic source by 3:00 p.m., New York City time, on the related Calculation Date, the
rate on such Federal Funds Interest Determination Date calculated by the Calculation Agent as the
arithmetic mean of the rates for the last transaction in overnight U.S. dollar federal funds
arranged by three leading brokers of U.S. dollar federal funds transactions in The City of New York
(which may include the Agents or their affiliates) selected by the Calculation Agent prior to 9:00
a.m., New York City time, on such Federal Funds Interest
Determination Date; provided, however,
that if the brokers selected as aforesaid by the Calculation Agent are not quoting as mentioned in
this sentence, the Federal Funds Rate will remain the Federal Funds Rate then in effect on such
Federal Funds Interest Determination Date; or

7

 

          (iii) if “Federal Funds Target Rate” is specified on the face hereof: (a) the rate on such
date as displayed on the FDTR Index page on Bloomberg, or (b) if such rate does not appear on the
FDTR Index page on Bloomberg by 3:00 p.m., New York City time, on the Calculation Date, the rate
for that day appearing on Reuters on page USFFTARGET= (or any other page as may replace such page
on such service) (“Reuters Page USFFTARGET=”), or if such rate does not appear on the FDTR Index
page on Bloomberg or is not displayed on Reuters Page USFFTARGET= by 3:00 p.m., New York City time,
on the related Calculation Date, the rate on such Federal Funds Interest Determination Date
calculated by the Calculation Agent as the arithmetic mean of the rates for the last transaction in
overnight U.S. dollar federal funds arranged by three leading brokers of U.S. dollar federal funds
transactions in The City of New York (which may include the Agents or their affiliates) selected by
the Calculation Agent prior to 9:00 a.m., New York City time, on such Federal Funds Interest
Determination Date; provided, however, that if the brokers selected as aforesaid by the Calculation
Agent are not quoting as mentioned in this sentence, the Federal Funds Rate will remain the Federal
Funds Rate then in effect on such Federal Funds Interest Determination Date.

          Determination of CD Rate. Unless otherwise indicated on the face hereof, if the
Interest Rate Basis on this Note is the CD Rate, the interest rate with respect to this Note shall
equal (i) the rate on the applicable date for negotiable U.S. dollar certificates of deposit having
the Index Maturity specified on the face hereof as published in H.15(519) under the heading “CDs
(Secondary Market),” or (ii) if not so published by 3:00 p.m., New York City time, on the
Calculation Date pertaining to such CD Interest Determination Date, the rate on such CD Interest
Determination Date set forth in the H.15(519) Daily Update for the day in respect of certificates
of deposit having the Index Maturity specified on the face hereof under the caption “CDs (Secondary
Market)” or another recognized electronic source used for the purpose of displaying the applicable
rate, or (iii) if such rate is not published either in H.15(519) or in H.15 Daily Update or another
recognized electronic source by 3:00 p.m., New York City time, on the Calculation Date, the
arithmetic mean of the secondary market offered rates as of 10:00 a.m., New York City time, on such
CD Interest Determination Date of three leading nonbank dealers in negotiable U.S. dollar
certificates of deposit in The City of New York selected by the Calculation Agent for negotiable
U.S. dollar certificates of deposit of major United States money market banks for negotiable U.S.
dollar certificates of deposit with a remaining maturity closest to the Index Maturity in an amount
that is representative for a single transaction in that market at
that time; provided, however,
that if the dealers selected as aforesaid by the Calculation Agent are not quoting as mentioned in
this sentence, the CD Rate will remain the CD Rate then in effect on such CD Interest Determination
Date.

          Determination of CMT Rate. Unless otherwise specified on the face hereof, if the
Interest Rate Basis on this Note is the CMT Rate, the interest rate with respect to this Note shall
equal:

          (i) if Reuters Page FRBCMT is specified on the face hereof: (a) the percentage equal to the
yield for United States Treasury securities at “constant maturity” having the Index Maturity
specified on the face hereof as published in H.15(519) under the caption “Treasury Constant
Maturities”, as the yield is displayed on Reuters (or any successor service) on page 7051 (or any
other page as may replace the specified page on that service) (“Reuters Page FRBCMT”), for the
particular CMT Interest Determination Date, or (b) if the rate referred to in clause (a) does not
so appear on Reuters Page FRBCMT, the percentage equal to the yield for United States Treasury
securities at “constant maturity” having the particular Index Maturity and for the particular CMT
Interest Determination Date as published in H.15(519) under the caption “Treasury Constant
Maturities”, or (c) if the rate referred to in clause (b) does not so appear in H.15(519), the rate
on the particular CMT Interest Determination Date for the period of the particular Index Maturity
as may then be published by either the Federal Reserve System Board of Governors or the United
States Department of the Treasury that the Calculation Agent determines to be comparable to the
rate which would otherwise have been published in H.15(519), or (d) if the rate referred to in
clause (c) is not so published, the rate on the particular CMT Interest Determination Date
calculated by the Calculation Agent as a yield to maturity based on the arithmetic mean of the
secondary market bid prices at approximately 3:30 P.M., New York City time, on that CMT Interest
Determination Date of three leading primary United States government securities dealers in The City
of New York (each, a “Reference Dealer”), selected by the Calculation Agent from five Reference
Dealers selected by the Calculation Agent and eliminating the highest quotation, or, in the event
of equality, one of the highest, and the lowest quotation or, in the event of equality, one of the
lowest, for United States Treasury securities with an original maturity equal to the particular
Index Maturity, a remaining term to maturity no more than 1 year shorter than that Index Maturity
and in a principal amount that is representative for a single transaction in the securities in that
market at that time, or (e) if fewer than five but more than two of the prices referred to in
clause (d)

8

 

are provided as requested, the rate on the particular CMT Interest Determination Date
calculated by the calculation agent based on the arithmetic mean of the bid prices obtained and
neither the highest nor the lowest of the quotations shall be eliminated, or (f) if fewer than
three prices referred to in clause (d) are provided as requested, the rate on the particular CMT
Interest Determination Date calculated by the calculation agent as a yield to maturity based on the
arithmetic mean of the secondary market bid prices as of approximately 3:30 P.M., New York City
time, on that CMT Interest Determination Date of three Reference Dealers selected by the
Calculation Agent from five Reference Dealers selected by the Calculation Agent and eliminating the
highest quotation or, in the event of equality, one of the highest and the lowest quotation or, in
the event of equality, one of the lowest, for United States Treasury securities with an original
maturity greater than the particular Index Maturity, a remaining term to maturity closest to that
Index Maturity and in a principal amount that is representative for a single transaction in the
securities in that market at that time, or (g) if fewer than five but more than two prices referred
to in clause (f) are provided as requested, the rate on the particular CMT Interest Determination
Date calculated by the Calculation Agent based on the arithmetic mean of the bid prices obtained
and neither the highest nor the lowest of the quotations will be eliminated, or (h) if fewer than
three prices referred to in clause (f) are provided as requested, the CMT Rate in effect on the
particular CMT Interest Determination Date; or

          (ii) if Reuters Page FEDCMT is specified on the face hereof: (a) the percentage equal to the
one-week or one-month, as specified on the face hereof, average yield for United States Treasury
securities at “constant maturity” having the index maturity specified in the applicable pricing
supplement as published in H.15(519) opposite the caption “Treasury Constant Maturities”, as the
yield is displayed on Reuters (or any successor service) (on page 7052 or any other page as may
replace the specified page on that service) (“Reuters Page FEDCMT”), for the week or month, as
applicable, ended immediately preceding the week or month, as applicable, in which the particular
CMT Interest Determination Date falls, or (b) if the rate referred to in clause (a) does not so
appear on Reuters Page FEDCMT, the percentage equal to the one-week or one-month, as specified on
the face hereof, average yield for United States Treasury securities at “constant maturity” having
the particular Index Maturity and for the week or month, as applicable, preceding the particular
CMT Interest Determination Date as published in H.15(519) opposite the caption “Treasury Constant
Maturities,” or (c) if the rate referred to in clause (b) does not so appear in H.15(519), the
one-week or one-month, as specified on the face hereof, average yield for United States Treasury
securities at “constant maturity” having the particular Index Maturity as otherwise announced by
the Federal Reserve Bank of New York for the week or month, as applicable, ended immediately
preceding the week or month, as applicable, in which the particular CMT Interest Determination Date
falls, or (d) if the rate referred to in clause (c) is not so published, the rate on the particular
CMT Interest Determination Date calculated by the Calculation Agent as a yield to maturity based on
the arithmetic mean of the secondary market bid prices at approximately 3:30 P.M., New York City
time, on that CMT Interest Determination Date of three Reference Dealers selected by the
Calculation Agent from five Reference Dealers selected by the Calculation Agent and eliminating the
highest quotation, or, in the event of equality, one of the highest, and the lowest quotation or,
in the event of equality, one of the lowest, for United States Treasury securities with an original
maturity equal to the particular Index Maturity, a remaining term to maturity no more than 1 year
shorter than that Index Maturity and in a principal amount that is representative for a single
transaction in the securities in that market at that time, or (e) if fewer than five but more than
two of the prices referred to in clause (d) are provided as requested, the rate on the particular
CMT Interest Determination Date calculated by the Calculation Agent based on the arithmetic mean of
the bid prices obtained and neither the highest nor the lowest of the quotations shall be
eliminated, or (f) if fewer than three prices referred to in clause (d) are provided as requested,
the rate on the particular CMT Interest Determination Date calculated by the Calculation Agent as a
yield to maturity based on the arithmetic mean of the secondary market bid prices as of
approximately 3:30 P.M., New York City time, on that CMT Interest Determination Date of three
Reference Dealers selected by the Calculation Agent from five Reference Dealers selected by the
Calculation Agent and eliminating the highest quotation or, in the event of equality, one of the
highest and the lowest quotation or, in the event of equality, one of the lowest, for United States
Treasury securities with an original maturity greater than the particular Index Maturity, a
remaining term to maturity closest to that Index Maturity and in a principal amount that is
representative for a single transaction in the
 securities in that market at the time, or (g) if
fewer than five but more than two prices referred to in clause (f) are provided as requested, the
rate on the particular CMT Interest Determination Date calculated by the Calculation Agent based on
the arithmetic mean of the bid prices obtained and neither the highest or the lowest of the
quotations will be eliminated, or (h) if fewer than three prices referred to in clause (f) are
provided as requested, the CMT Rate in effect on that CMT Interest Determination Date.

9

 

     If two United States Treasury securities with an original maturity greater than the Index
Maturity specified on the face hereof have remaining terms to maturity equally close to the
particular Index Maturity, the quotes for the United States Treasury security with the shorter
original remaining term to maturity will be used.

          Determination of Prime Rate. Unless otherwise specified on the face hereof, if the
Interest Rate Basis on this Note is the Prime Rate, the interest rate with respect to this Note
shall equal (i) the rate set forth for the applicable Prime Rate Interest Determination Date (as
defined below) as published in H.15(519) under the heading “Bank prime loan,” or (ii) if such rate
is not published prior to 3:00 p.m., New York City time, on the Calculation Date pertaining to such
Prime Rate Interest Determination Date, the rate on such Prime Rate Interest Determination Date as
published in H.15 Daily Update opposite the caption “Bank prime loan” or another recognized
electronic source used for the purpose of displaying the applicable rate, or (iii) if the rate is
not published prior to 3:00 p.m., New York City time, on such Calculation Date, either in H.15(519)
or in H.15 Daily Update or another recognized electronic source, the arithmetic mean of the rates
of interest publicly announced by each bank that appears on the Reuters Screen USPRIME1 Page (as
defined below) as such bank’s prime rate or base lending rate as of 11:00 a.m., New York City time,
for that Prime Rate Interest Determination Date, or (iv) if fewer than four such quotations appear
on the Reuters Screen USPRIME1 Page by 3:00 p.m., New York City time, for the Prime Rate Interest
Determination Date, the arithmetic mean of the prime rates quoted on the basis of the actual number
of days in the year divided by a 360-day year as of the close of business on such Prime Rate
Interest Determination Date by at least three major banks in The City of New York selected by the
Calculation Agent; provided, however, that if the banks or trust companies selected as aforesaid
are not quoting as mentioned in this sentence, the Prime Rate will remain the Prime Rate then in
effect on such Prime Rate Interest Determination Date. “Reuters Screen USPRIME1 Page” means the
display designated as page “USPRIME1” on the Reuters Monitor Money Rates Service (or such other
page as may replace the USPRIME1 page on that service for the purpose of displaying prime rates or
base lending rates of major United States banks).

          Determination of LIBOR. Unless otherwise specified on the face hereof, if the
Interest Rate Basis on this Note is LIBOR, the interest rate payable with respect to this Note
shall be determined in accordance with the following provisions:

          (i) the rate for deposits in the LIBOR Currency having the Index Maturity specified on the
face hereof, as such rate is displayed on Reuters on page LIBOR01 (or any other page as may replace
such page on such service for the purpose of displaying the London interbank rates of major banks
for the LIBOR Currency) (“Reuters Page LIBOR01”) as of 11:00 p.m., London time, on the applicable
LIBOR Interest Determination Date, or

          (ii) if no such rate so appears, the Calculation Agent shall request the principal London
offices of each of four major reference banks (which may include affiliates of the Agents) in the
London interbank market, as selected by the Calculation Agent, to provide the Calculation Agent
with its offered quotation for deposits in the LIBOR Currency for the period of the Index Maturity
specified on the face hereof, commencing on the related Interest Reset Date, to prime banks in the
London interbank market at approximately 11:00 a.m., London time, on such LIBOR Interest
Determination Date and in a principal amount that is representative of a single transaction in the
LIBOR Currency in such market at such time. If at least two such quotations are so provided, the
rate will be the arithmetic mean calculated by the Calculation Agent of such quotations, or if
fewer than two such quotations are so provided, the rate will be the arithmetic mean calculated by
the Calculation Agent of the rates quoted at approximately 11:00 a.m., in the applicable Principal
Financial Center, on such LIBOR Interest Determination Date by three major banks (which may include
affiliates of the Agents) in such Principal Financial Center selected by the Calculation Agent for
loans in the LIBOR Currency to leading European banks, having the Index Maturity specified on the
face hereof, commencing on the related Interest Reset Date, and in a principal amount that is
representative for a single transaction in the LIBOR Currency in such market at such time;
provided, however, that if the banks selected as aforesaid by the Calculation Agent are not quoting
as mentioned in this sentence, LIBOR will remain the LIBOR then in effect on such LIBOR Interest
Determination Date.

          Determination of Treasury Rate. Unless otherwise specified on the face hereof, if the
Interest Rate Basis on this Note is the Treasury Rate, the interest rate payable with respect to
the applicable Treasury Rate Interest Determination Date relating to this Note shall equal:

10

 

          (i) the rate for the auction held on such related Treasury Interest Determination Date of
direct obligations of the United States (“Treasury bills”) having the Index Maturity specified on
the face hereof under the caption “INVEST RATE” on Reuters on page USAUCTION10, or any other page
as may replace such page on such service) (“Reuters Page USAUCTION10”) or page USAUCTION11, or any
other page as may replace such page on such service) (“Reuters Page USAUCTION11”); or

          (ii) if the rate referred to in clause (i) is not so published by 3:00 p.m., New York City
time, on the related Calculation Date pertaining to such Treasury Interest Determination Date, the
auction rate (expressed as a Bond Equivalent Yield (as defined below), rounded, if necessary, to
the nearest one-hundred-thousandth of a percentage point, with five-millionths of a percentage
point rounded upwards, on the basis of a year of 365 or 366 days, as applicable, and applied on a
daily basis) of such Treasury Bills as announced by the United Stated Department of the Treasury;
or

          (iii) if the rate referred to in clause (ii) is not so announced by the United Stated
Department of Treasury on such Calculation Date, or if no such auction is held, the auction rate
(expressed as a Bond Equivalent Yield, rounded, if necessary, to the nearest one-hundred-thousandth
of a percentage point, with five-millionths of a percentage point rounded upwards, on the basis of
a year of 365 or 366 days as applicable, and applied on a daily basis) on such Treasury Interest
Determination Date of Treasury Bills having the Index Maturity specified on the face hereof as
published in H.15(519) opposite the caption “U.S. government securities/Treasury bills (secondary
market);” or

          (iv) if the rate referred to in clause (iii) is not yet published by 3:00 p.m., New York City
time, on the related Calculation Date pertaining to such Treasury Interest Determination Date, the
rate on such Treasury Interest Determination Date of such Treasury Bills as published in H.15 Daily
Update, or such other recognized electronic source used for the purpose of displaying such rate,
opposite the caption “U.S. government securities/Treasury bills (secondary market);” or

          (v) if the rate referred to in clause (iv) is not yet published in H.15(519), H.15 Daily
Update or another recognized electronic source by 3:00 p.m., New York City time, on the related
Calculation Date pertaining to such Treasury Interest Determination Date, the Calculation Agent
will determine the Treasury Rate to be a yield to maturity (expressed as a Bond Equivalent Yield,
rounded, if necessary, to the nearest one-hundred-thousandth of a percentage point, with
five-millionths of a percentage point rounded upwards, on the basis of a year of 365 or 366 days,
as applicable, and applied on a daily basis) of the arithmetic mean of the secondary market bid
rates, as of approximately 3:30 p.m., New York City time, on such Treasury Interest Determination
Date, of three leading primary United States government securities dealers selected by the
Calculation Agent, for the issue of Treasury Bills with a remaining maturity closest to the Index
Maturity specified on the face hereof; or

          (vi) if the dealers selected in clause (v) by the Calculation Agent are not quoting as
mentioned in clause (vi), the Treasury Rate will remain the Treasury Rate then in effect on such
Treasury Interest Determination Date;

and, in the case of each of clauses (i) through (vii) above, adjusted by the addition or
subtraction of the Spread, if any, specified on the face hereof, and/or by multiplication by the
Spread Multiplier, if any, specified on the face hereof.

          “Bond Equivalent Yield” means a yield (expressed as a percentage) calculated in accordance
with the following formula:

     

where “D” refers to the applicable per annum rate for Treasury Bills quoted on a bank discount
basis and expressed as a decimal, “N” refers to 365 or 366, as the case may be, and “M” refers to
the actual number of days in the interest period for which interest is being calculated.

11

 

          Indexed Notes. This Note may be issued with the principal amount payable at Maturity
and/or with interest payable hereon on an Interest Payment Date to be determined by reference to
the price or prices of specified securities or commodities, securities or commodities exchange
indices, the relationship between two or more specified currencies or other factors (each an
“Indexed Note”), as shall be indicated above under “Other Terms.” Specific information pertaining
to the method for determining the principal amount payable at Maturity or the amount of interest to
be paid on an Interest Payment Date with reference to the specified index shall be included above
under “Other Terms.”

          Notwithstanding the foregoing, the interest rate hereon shall not be greater than the Maximum
Interest Rate, if any, or less than the Minimum Interest Rate, if any, specified on the face
hereof. The Calculation Agent shall calculate the interest rate on this Note in accordance with
the foregoing on or before each Calculation Date. The interest rate on this Note will in no event
be higher than the maximum rate permitted by New York law as the same may be modified by United
States law of general applicability.

          The Calculation Agent will, upon the request of the Holder of this Note, provide to such
Holder the interest rate hereon then in effect and, if different, the interest rate which will
become effective as a result of a determination made on the most recent Interest Determination
Date.

          Unless otherwise indicated on the face hereof and except as provided below, interest will be
payable, in the case of Notes which reset daily, weekly or monthly, on the third Wednesday of each
month or on the third Wednesday of March, June, September and December of each year, as indicated
on the face hereof; in the case of Notes which reset quarterly, on the third Wednesday of March,
June, September and December of each year; in the case of Notes which reset semi-annually, on the
third Wednesday of the two months of each year specified on the face hereof; and in the case of
Notes which reset annually, on the third Wednesday of the month specified on the face hereof (each
an “Interest Payment Date”), and in each case, at Maturity. If any Interest Payment Date specified
on the face hereof would otherwise be a day that is not a Business Day, the Interest Payment Date
shall be postponed to the next day that is a Business Day, except that if (i) the rate of interest
on this Note shall be determined in accordance with the provisions of the heading “Determination of
LIBOR” above, and (ii) such Business Day is in the next succeeding calendar month, such Interest
Payment Date shall be the immediately preceding Business Day.

          “Business Day” means (a) with respect to any Note, any day that is not a Saturday or Sunday
and that, in The City of New York, is not a day on which banking institutions generally are
authorized or required by law, regulation or executive order to close, (b) if the Note is
denominated in a Specified Currency other than United States dollars, not a day on which banking
institutions are authorized or required by law, regulation or executive order to close in the
principal financial center of the country issuing the Specified Currency (but if the Specified
Currency is the Euro, the day must also be a day on which the Trans-European Automated Real-Time
Gross Settlement Express Transfer (TARGET) System is open), and (c) if the rate of interest on this
Note shall be determined in accordance with the provisions of the heading “Determination of LIBOR”
above, a London Business Day. As used in the preceding sentence, “principal financial center”
means the capital city of the country issuing the Specified Currency, or the capital city of the
country to which the LIBOR Currency relates, except that with respect to United States dollars,
Australian dollars, Canadian dollars, South African rand and Swiss francs, the “principal financial
center” shall be The City of New York, Sydney, Toronto, Johannesburg and Zurich, respectively.
Unless otherwise specified on the face hereof, “London Business Day” means any day on which
commercial banks are open for business, including dealings in the LIBOR Currency, in London.

          Unless otherwise specified on the face hereof, the Interest Determination Date pertaining to
an Interest Reset Date, if the rate of interest on this Note shall be determined in accordance with
the provisions of the headings (a) “Determination of Federal Funds Rate” above (the “Federal Funds
Interest Determination Date”), (b) “Determination of Prime Rate” above (the “Prime Rate Interest
Determination Date”), (c) “Determination of Commercial Paper Rate” above (the “Commercial Paper
Interest Determination Date”) or (d) “Determination of CD Rate” above (the “CD Interest
Determination Date”), will be the applicable Interest Reset Date if the Interest Rate Basis on this
Note is the Federal Funds Rate, the Business Day preceding such Interest Reset Date if the Interest
Rate Basis on this Note is the Prime Rate, and the second Business Day preceding such Interest
Reset Date if the Interest Rate Basis on this Note is the Commercial Paper Rate or the CD Rate.
Unless otherwise specified on the face hereof, the Interest Determination Date pertaining to an
Interest Reset Date if the rate of interest on this Note

12

 

shall be determined in accordance with the heading “Determination of CMT Rate” above will be
the second U.S. Government Securities Business Day preceding such Interest Reset Date. Unless
otherwise specified on the face hereof, “U.S. Government Securities Business Day” means any day
except for a Saturday, Sunday or a day on which The Securities Industry and Financial Markets
Association recommends that the fixed income departments of its members be closed for the entire
day for purposes of trading in U.S. government securities. Unless otherwise specified on the face
hereof, the Interest Determination Date pertaining to an Interest Reset Date if the rate of
interest on this Note shall be determined in accordance with the provisions of the heading
“Determination of LIBOR” above (the “LIBOR Interest Determination Date”) will be the second London
Business Day preceding such Interest Reset Date unless the LIBOR Currency is British Pounds
Sterling, in which case the LIBOR Interest Determination Date will be the applicable Interest Reset
Date. Unless otherwise specified on the face hereof, the Interest Determination Date pertaining to
an Interest Reset Date if the rate of interest on this Note shall be determined in accordance with
the provisions of the heading “Determination of Treasury Rate” above (the “Treasury Interest
Determination Date”) will be the day of the week in which such Interest Reset Date falls on which
Treasury bills would normally be auctioned. Treasury bills are usually sold at auction on Monday
of each week, unless that day is a legal holiday, in which case the auction is usually held on the
following Tuesday, except that such auction may be held on the preceding Friday. If, as the result
of a legal holiday, an auction is so held on the preceding Friday, such Friday will be the Treasury
Interest Determination Date pertaining to the Interest Reset Date occurring in the next succeeding
week. If the Treasury Interest Determination Date would otherwise fall on an Interest Reset Date,
then such Interest Reset Date will be postponed to the next succeeding Business Day.

          Unless otherwise specified on the face hereof, the Calculation Date pertaining to any Interest
Determination Date, other than with respect to LIBOR Notes, is the earlier of (i) the tenth
calendar day after such Interest Determination Date or, if any such day is not a Business Day, the
next succeeding Business Day, or (ii) the Business Day preceding the applicable Interest Payment
Date or Maturity, as the case may be.

          Unless otherwise specified on the face hereof, interest payments, if any, will be the amount
of interest accrued from and including the last date in respect of which interest has been paid or
duly provided for (or from and including the Original Issue Date if no interest has been paid or
provided for with respect to this Note) to but excluding the Interest Payment Date or the date of
Maturity. Accrued interest hereon from the Original Issue Date or from the last date to which
interest hereon has been paid is calculated by multiplying the face amount hereof by an accrued
interest factor. Such accrued interest factor is computed by adding the interest factor calculated
for each day from the Original Issue Date or from the last date to which interest shall have been
paid, to the date for which accrued interest is being calculated. The interest factor for each day
shall be computed by dividing the interest rate applicable to such day by 360, in the case of the
Commercial Paper Rate, Federal Funds Rate, Prime Rate, CD Rate or LIBOR, or by the actual number of
days in the year in the case of the Treasury Rate. All percentages resulting from any calculation
hereon will be rounded to the nearest one hundred-thousandth of a percentage point, with five-one
millionths of a percentage point rounded upwards. For example, 9.876545% (or .09876545) would be
rounded to 9.87655% (or .0987655). All dollar amounts used in or resulting from any calculation
hereon will be rounded, in the case of United states dollars, to the nearest cent or, in the case
of a Specified Currency other than Untied States dollars, to the nearest unit (with one-half cent
or unit being rounded upwards).

          If the Company has the option with respect to this Note to reset the Spread and/or Spread
Multiplier, such option will be indicated on the face hereof, together with (i) the date or dates
on which such Spread and/or Spread Multiplier may be reset (each an “Optional Reset Date”) and (ii)
the basis or formula, if any, for such resetting. The Company may exercise such option by
notifying the Trustee of such exercise at least 45 but not more than 60 days prior to an Optional
Reset Date. Not later than 40 days prior to such Optional Reset Date, the Trustee will mail to the
Holder hereof a notice (the “Reset Notice”), first class, postage prepaid, setting forth (i) the
election of the Company to reset the Spread and/or Spread Multiplier, (ii) such new Spread and/or
Spread Multiplier, and (iii) the provisions, if any, for redemption during the period from such
Optional Reset Date to the next Optional Reset Date or, if there is no such next Optional Reset
Date, to the Stated Maturity of this Note (each such period a “Subsequent Interest Period”),
including the date or dates on which or the period or periods during which and the price or prices
at which such redemption may occur during such Subsequent Interest Period.

          Notwithstanding the foregoing, not later than 20 days prior to an Optional Reset Date, the
Company may, at its option, revoke the Spread and/or Spread Multiplier provided for in the Reset
Notice and

13

 

establish a higher Spread and/or Spread Multiplier for the Subsequent Interest Period
commencing on such Optional Reset Date by mailing or causing the Trustee to mail notice of such
higher Spread and/or Spread Multiplier first class, postage prepaid, to the Holder hereof. Such
notice shall be irrevocable. If the Spread and/or Spread Multiplier is reset on an Optional Reset
Date this Note will bear such higher Spread and/or Spread Multiplier.

          If the Company elects to reset the Spread and/or Spread Multiplier of this Note, the Holder
hereof will have the option to elect repayment of this Note by the Company on any Optional Reset
Date at a price equal to the principal amount hereof plus any accrued interest to such Optional
Reset Date. In order for this Note to be so repaid on an Optional Reset Date, the Holder hereof
must follow the procedures set forth below for optional repayment, except that the period for
delivery of this Note or notification to the Trustee shall be at least 25 but not more than 35 days
prior to such Optional Reset Date and except that a Holder who has tendered this Note for repayment
pursuant to a Reset Notice may, by written notice to the Trustee, revoke any such tender for
repayment until the close of business on the tenth day prior to such Optional Reset Date.

          If the Company has the option to extend the Stated Maturity of this Note for one or more
periods (each an “Extension Period”) up to but not beyond the date (the “Final Maturity Date”) set
forth on the face hereof, such option will be indicated on the face hereof together with the basis
or formula, if any, for setting the Spread and/or Spread Multiplier applicable to any such
Extension Period. The Company may exercise such option with respect to this Note by notifying the
Trustee of such exercise at least 45 but not more than 60 days prior to the Stated Maturity in
effect prior to the exercise of such option (the “Original Stated Maturity”). No later than 40 days
prior to the Original Stated Maturity, the Trustee will mail to the Holder hereof a notice (the
“Extension Notice”) relating to such Extension Period, first class, postage prepaid, setting forth
(i) the election of the Company to extend the Stated Maturity hereof, (ii) the new Stated Maturity,
(iii) the Spread and/or Spread Multiplier applicable to the Extension Period, and (iv) the
provisions, if any, for redemption during the Extension Period, including the date or dates on
which or the period or periods during which and the price or prices at which such redemption may
occur during the Extension Period. Upon the mailing by the Trustee of an Extension Notice to the
Holder of this Note, the Stated Maturity of this Note shall be extended automatically as set forth
in the Extension Notice, and, except as modified by the Extension Notice and as described in the
next paragraph, this Note will have the same terms as prior to the mailing of such Extension
Notice.

          Notwithstanding the foregoing, not later than 20 days prior to the Original Stated Maturity
for this Note, the Company may, at its option, revoke the Spread and/or Spread Multiplier provided
for in the Extension Notice and establish a higher Spread and/or Spread Multiplier for the
Extension Period by mailing or causing the Trustee to mail notice of such higher Spread and/or
Spread Multiplier first class, postage prepaid, to the Holder hereof. Such notice shall be
irrevocable. All Notes with respect to which the Stated Maturity is extended will bear such higher
Spread and/or Spread Multiplier for the Extension Period.

          If the Company elects to extend the Stated Maturity of this Note, the Holder hereof will have
the option to elect repayment of this Note by the Company at the Original Stated Maturity at a
price equal to the principal amount hereof plus any accrued interest to such date. In order for
this Note to be so repaid on the Original Stated Maturity, the Holder hereof must follow the
procedures set forth below for optional repayment, except that the period for delivery of this Note
or notification to the Trustee shall be at least 25 but not more than 35 days prior to the Original
Stated Maturity and except that a Holder who has tendered this Note for repayment pursuant to an
Extension Notice may, by written notice to the Trustee, revoke any such tender for repayment until
the close of business on the tenth day prior to the Original Stated Maturity.

          Unless one or more Redemption Dates is specified on the face hereof, this Note shall not be
redeemable at the option of the Company before the Maturity Date specified on the face hereof. If
one or more Redemption Dates (or ranges of Redemption Dates) is so specified, this Note is subject
to redemption on any such date (or during any such range) at the option of the Company, upon notice
by first-class mail, mailed not less than 30 days nor more than 60 days prior to the Redemption
Date specified in such notice, at the applicable Redemption Price specified on the face hereof
(expressed as a percentage of the principal amount of this Note), together in the case of any such
redemption with accrued interest to the Redemption Date, but interest installments whose Stated
Maturity is prior to the Redemption Date will be payable to the Holder of this Note, or one or more
Predecessor Notes, of record at the close of business on the relevant Regular or Special Record
Dates referred to on the face hereof, all as provided in the Indenture. The Company may elect to
redeem less than the entire principal amount

14

 

hereof, provided that the principal amount, if any, of this Note that remains
outstanding after such redemption is an Authorized Denomination as defined herein.

          Unless one or more Repayment Dates is specified on the face hereof, this Note shall not be
repayable at the option of the Holder on any date prior to the Maturity Date specified on the face
hereof. If one or more Repayment Dates (or ranges of Repayment Dates) is so specified, this Note
is subject to repayment on any such date (or during any such range) at the option of the Holder at
the applicable Repayment Price specified on the face hereof (expressed as a percentage of the
principal amount of this Note), together in the case of any such repayment with accrued interest to
the Repayment Date, but interest installments whose Stated Maturity is prior to the Repayment Date
will be payable to the Holder of this Note, or one or more Predecessor Notes, of record at the
close of business on the relevant Regular or Special Record Dates referred to on the face hereof,
all as provided in the Indenture. For this Note to be repaid at the option of the Holder, the
Trustee must receive at the principal office of its Corporate Trust Department in The City of New
York, at least 30 days but not more than 45 days prior to the Repayment Date on which this Note is
to be repaid, this Note and a statement that the option to elect repayment is being exercised
thereby. Exercise of the repayment option by the Holder shall be irrevocable except to the extent
permitted in connection with an interest rate reset or an extension of maturity, each as described
above. The repayment option with respect to this Note may be exercised by the Holder for less than
the entire principal amount hereof, provided that the principal amount, if any, of this
Note that remains outstanding after such repayment is an Authorized Denomination as defined herein.

          [Insert if the Security is to be a Certificated Security — In the event of redemption or
repayment of this Note in part only, a new Note or Notes of this series and of like tenor and for a
principal amount equal to the unredeemed or unrepaid portion will be delivered to the registered
Holder upon the cancellation hereof.]

          [Insert if the Security is to be a Global Security — In the event of redemption or repayment
of this Note in part only, the principal amount shall be reduced.]

          If this is a Foreign Currency Note to be paid in United States dollars, the United States
dollar amount to be received in respect hereof will be based upon the exchange rate as determined
by the Exchange Rate Agent based on the highest firm bid quotation for United States dollars
received by such Exchange Rate Agent at approximately 11:00 a.m., New York City time, on the second
Business Day preceding the applicable payment date from three recognized foreign exchange dealers
in The City of New York selected by the Exchange Rate Agent and approved by the Company (one of
which may be the Exchange Rate Agent) for the purchase by the quoting dealer, for settlement on
such payment date, of the aggregate amount of the Specified Currency payable on such payment date
in respect of this Note. If no such bid quotations are available, payments will be made in the
Specified Currency, unless such Specified Currency is unavailable due to the imposition of exchange
controls or to other circumstances beyond the Company’s control, in which case the Company will be
entitled to make payments in respect hereof in United States dollars as provided below. All
currency exchange costs will be borne by the Holder hereof by deductions from such payments.

          If a Holder is to receive payments in a Specified Currency other than United States dollars as
described on the face hereof, payments of principal of (and premium, if any) and interest will be
paid in immediately available funds by wire transfer to an account maintained by the Holder with a
bank designated by the Holder (which in the case of Global Securities will be the Depositary or its
nominee) on or prior to the Regular Record Date or at least 15 days prior to Maturity, as the case
may be, provided that such bank has the appropriate facilities for such a payment in the Specified
Currency, provided, however, that with respect to payments of principal and premium, if any, and
interest at Maturity this Note is presented to the Trustee in time for the Trustee to make such
payment in accordance with its normal procedures, which shall require presentation no later than
two Business Days prior to Maturity in order to ensure the availability of immediately available
funds in the Specified Currency at Maturity.

          If payment on this Note is required to be made in a Specified Currency other than United
States dollars and such currency is unavailable in the good faith judgment of the Company due to
the imposition of exchange controls or to other circumstances beyond the Company’s control, or is
no longer used by the government of the country issuing such currency or for the settlement of
transactions by public institutions of or within the international banking community, then all
payments with respect to this Note shall be made in United States dollars

15

 

until such currency is again available or so used. The amount so payable on any date in such
Specified Currency shall be converted into United States dollars at a rate determined by the
Exchange Rate Agent on the basis of the Market Exchange Rate on the second Business Day prior to
such payment, or, if the Market Exchange Rate is not then available, the most recently available
Market Exchange Rate or as otherwise determined in good faith by the Company if the foregoing is
impracticable.

          If this is a Foreign Currency Note, in the event of an official redenomination of such foreign
currency (including, without limitation, an official redenomination of a foreign currency that is a
composite currency) the obligations of the Company with respect to payments on this Note
denominated in such currency shall, in all cases, be deemed immediately following such
redenomination to provide for the payment of that amount of redenominated currency representing the
amount of such obligations immediately before such redenomination. No adjustment will be made to
any amount payable under this Note as a result of (a) any change in the value of a foreign currency
relative to any other currency due solely to fluctuations in exchange rates or (b) any
redenomination of any component currency of any composite currency (unless such composite currency
is itself officially redenominated).

          If an Event of Default with respect to Notes of this series shall occur and be continuing, the
principal of the Notes of this series may be declared due and payable in the manner and with the
effect provided in the Indenture. Unless otherwise specified on the face hereof, if any Original
Issue Discount Note (as defined below) is redeemed by the Company or repaid at the option of the
Holder, each as described above, or if the principal of any Original Issue Discount Note is
declared to be due and payable immediately pursuant to this paragraph, the amount of principal due
and payable with respect to this Note shall be limited to the sum of the aggregate principal amount
of this Note multiplied by the Issue Price (expressed as a percentage of the aggregate principal
amount) plus the original issue discount accrued from the date of issue to the date of redemption,
repayment or declaration, as applicable, which accrual shall be calculated using the “interest
method” (computed in accordance with generally accepted accounting principles) in effect on the
date of redemption, repayment or declaration. Unless otherwise specified on the face hereof, an
Original Issue Discount Note is a Note which has a stated redemption price at maturity that exceeds
its Issue Price by at least 0.25% of the stated redemption price at maturity, multiplied by the
number of complete years from the Original Issue Date to the Maturity Date for this Note.

          The Indenture permits, with certain exceptions as therein provided, the amendment thereof and
the modification of the rights and obligations of the Company and the rights of the Holders of the
Notes of each series to be affected under the Indenture at any time by the Company and the Trustee
with the consent of the Holders of not less than 66 2/3% in principal amount of the Notes 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 Notes of each series at the time
Outstanding, on behalf of the Holders of all Notes of such series, to waive compliance by the
Company with certain provisions of the Indenture and certain past defaults under the Indenture and
their consequences. Any such consent or waiver by the Holder of this Note shall be conclusive and
binding upon such Holder and upon all future Holders of this Note and of any Note 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 Note.

          No reference herein to the Indenture and no provision of this Note 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 Note at the times, places and rate, and in
the coin or currency, herein prescribed. However, the Indenture limits the Holder’s right to
enforce the Indenture and this Note.

          As provided in the Indenture and subject to certain limitations set forth therein and as may
be set forth on the face hereof, the transfer of this Note is registrable in the Security Register,
upon surrender of this Note 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 Note 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 Notes of this series of like tenor, of Authorized
Denominations and for the same aggregate principal amount, will be issued to the designated
transferee or transferees.

16

 

          [Insert if the Security is a Global Security — This Note is a Global Note and shall be
exchangeable for Notes registered in the names of Persons other than the Depositary with respect to
this Global Note or its nominee only if (A) such Depositary notifies the Company that it is
unwilling or unable to continue as Depositary for this Global Note or at any time ceases to be a
clearing agency registered as such under the Securities Exchange Act of 1934, as amended, (B) the
Company in its discretion executes and delivers to the Trustee a Company Order that this Global
Note shall be exchangeable or (C) there shall have occurred and be continuing an Event of Default
with respect to the Notes. If this Global Note is exchangeable pursuant to the preceding sentence,
it shall be exchangeable for Notes issuable in denominations of $1,000 and any integral multiple of
$1,000 in excess thereof, registered in such names as such Depositary shall direct.]

          The Notes of this series are issuable, in the case of Notes denominated in United States
dollars, in denominations of U.S. $1,000 and any integral multiple of U.S. $1,000 in excess thereof
and, in the case of Notes denominated in a Specified Currency other than United States dollars, in
the authorized denominations set forth on the face hereof (in each case, an “Authorized
Denomination”). As provided in the Indenture and subject to certain limitations set forth therein
and as may be set forth on the face hereof, Notes of this series are exchangeable for a like
aggregate principal amount of Notes of this series of like tenor 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 govern-mental charge
payable in connection therewith.

          The Notes of this series may be issued in the form of one or more Global Securities to The
Depository Trust Company as depositary for the Global Securities of this series (the “Depositary”)
or its nominee and registered in the name of the Depositary or such nominee.

          Prior to due presentment of this Note for registration of transfer, the Company, the Trustee
and any agent of the Company or the Trustee may treat the Person in whose name this Note is
registered as the owner hereof for all purposes, whether or not this Note is overdue, and neither
the Company, the Trustee nor any such agent shall be affected by notice to the contrary.

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

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

 

17

 

ABBREVIATIONS

          The following abbreviations, when used in the inscription on the face of this instrument,
shall be construed as though they were written out in full according to applicable laws or
regulations.

	 	 	 	 	 
	 

	 	TEN COM
	 	- as tenants in common
	 

	 	TEN ENT
	 	- as tenants by the entireties
	 

	 	JT TEN
	 	- as joint tenants with right of
survivorship and not as tenants in common

	 	 	 	 	 	 	 	 	 	 	 
	 

	 	UNIF GIFT MIN ACT -
	 	 	 	Custodian	 	 	 	 
	 

	 	 	 	 

(Cust)
	 	 	 	 

	 	 
(Minor)

Under Uniform Gifts to Minors Act

 

(State)

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

 

FOR VALUE RECEIVED, the undersigned hereby sell(s), assign(s) and transfer(s) unto

PLEASE INSERT SOCIAL SECURITY OR OTHER IDENTIFYING NUMBER OF ASSIGNEE

	 	 	 	 	 
	/

	 	/	 	 
	 	 	 
	 
	 	 	 	 

 

PLEASE PRINT OR TYPEWRITE NAME AND ADDRESS INCLUDING POSTAL ZIP CODE OF ASSIGNEE

      

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

	 	 	 	 	 	 	 
	 

	 	 	 	 	 	 
	Dated:

	 	                    
	 	 	 	NOTICE: The signature to this assignment must
correspond with the name as written upon the face
of the within instrument in every particular,
without alteration or enlargement or any change
whatever.

18

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