Document:

Exhibit

Exhibit 10.58

ADVANCE AUTO PARTS, INC.

SPECIAL PERFORMANCE-BASED RESTRICTED STOCK UNIT AWARD AGREEMENT

THIS CERTIFIES THAT Advance Auto Parts, Inc. (the “Company”) has on the Grant Date specified below granted to Reuben E. Slone (the “Participant”) an award of Performance-based Restricted Stock Units (“PSUs”) representing the right to receive a like number of shares of Advance Auto Parts, Inc. common stock, $.0001 par value per share (“Common Stock”), as indicated in the terms outlined below, subject to certain restrictions and conditions contained in this Award Agreement (“Agreement”) and the Advance Auto Parts, Inc. 2014 Long-Term Incentive Plan (the “Plan”).  In the event of any conflict between the terms of the Plan and this Award Agreement, the terms of the Plan shall govern. Any terms not defined herein shall have the meaning set forth in the Plan.
* * * * *
		
	1.
	Grant of PSUs:  As specified below, on the Award Date the following award of PSUs (at Target Level) (the “Target Award”) has been granted to the Participant:

	
			
	Award Date
	Number of PSUs Granted (at Target Level)
	Performance Vesting Date

	November 19, 2018
	2813
	November 19, 2022

		
	2.
	Vesting. Vesting is subject to the remaining provisions of this award:  

The Participant’s PSUs may vest, in an amount up to the maximum vesting PSUs (defined below) on the Performance Vesting Date, subject to continued employment or other association with the Company through that date and except as otherwise provided in Section 3 of this Agreement.  The number of PSUs that may vest will be determined in accordance with the following rules, subject to certification by the Committee of the Company’s Enterprise Operating Margin for the Company’s Fiscal Year 2021 (the “Performance Period”). The Company’s Enterprise Operating Margin shall be calculated as a percentage by dividing the Company’s Operating Income (as determined in accordance with GAAP) by total revenues less transaction-based expenses for the Performance Period.

A designated portion of the Participant’s PSUs may vest based upon the Company’s Enterprise Operating Margin performance, according to the schedule established by the Committee as shown in Exhibit 1 to this Agreement.  If the Company achieves target level performance, the payout amount shall be the Number of Shares to Vest (at Target Level) listed in Section 1 of this Agreement.  Payout amounts based on performance results between the threshold and maximum levels will be determined using straight line interpolation between specified points of performance.  If the Company’s Enterprise Operating Margin during the Performance Period is less than the threshold level of Enterprise Operating Margin set forth in Exhibit 1 to this Agreement, no PSUs will vest.

The Participant’s “Maximum Vesting PSUs” is 150% of the number of PSUs indicated above in the box labeled “Number of PSUs to Vest (at Target Level).”  

		
	3.
	Termination of Service.  Except as provided in this Section 3, if, prior to the Performance Vesting Date, the Participant’s employment or other association with the Company and its Affiliates ends for any reason, the Participant’s rights to unvested PSUs shall be immediately and irrevocably forfeited, except as follows:

		
	a.
	Disability:  if termination of employment or other affiliation is on account of Disability, then the Participant’s PSUs will vest on the Performance Vesting Date on a pro-rata basis for the number of full months worked during the applicable Performance Period and based on the actual level of achievement of the Performance criteria set forth in this Agreement.  For the purposes of this Award, “Disability” is defined as having become disabled within the meaning of Section 22 (e) (3) of the Internal Revenue Code (or, if applicable, as defined in your Employment Agreement with the Company in effect as of the date of this Award Agreement). 

		
	b.
	Death:  If termination of employment or other affiliation is on the account of the Participant’s death, then PSUs will vest on the Performance Vesting Date on a pro-rata basis for the number of full months worked during the applicable Performance Period and based on the actual level of achievement of the Performance criteria set forth in this Agreement.

		
	c.
	Termination by the Company other than for Due Cause or Resignation from Employment for Good Reason.  If your employment or other association is terminated prior to the Performance Vesting Date by the Company other than for Due Cause, or by you for Good Reason, as those terms are defined in your Employment Agreement, your PSUs will vest on the Performance Vesting Date on a pro-rata basis for the number of full months worked during the applicable Performance Period and in accordance with the Performance criteria set forth in this Agreement.

		
	d.
	Notwithstanding any contrary provision of this Award Agreement, the Company may cancel this Award at any time on ninety (90) days prior notice to you in response to actions taken by you that could be considered detrimental to the Company or any of its Affiliates. Whether any of your actions could be considered detrimental will be determined by the Committee in its sole discretion.

		
	4.
	Change in Control:  Upon a Change in Control, the Company will determine the number of PSUs that are earned based on the actual level of achievement of the Performance criteria outlined in this Agreement through the Change in Control date and any portion of the PSUs not earned will be forfeited.  Following this determination, the earned PSUs will vest based on the Participant’s continued service with the Company through the original Performance Vesting Date in the event the successor organization assumes, converts or replaces the awards.  Any portion of the Participant’s earned PSUs (as determined pursuant to this Section 4) that have not yet vested  will vest immediately: 

		
	a.
	on the Change in Control date in the event that the successor organization does not assume, convert, or replace the awards; or

		
	b.
	upon the termination of the Participant’s employment or other association with the Company in the event that the successor organization assumes, converts or replaces the awards, and the Participant’s employment or other association with the Company is terminated by the Company without Cause or by the Participant for Good Reason as those terms are defined in the Participant’s Employment Agreement, within 24 months following the Change in Control date.  

		
	5.
	Non-Transferability of Award. Until shares are issued with respect to PSUs that vest, they may not be sold, assigned, transferred, pledged, hypothecated or otherwise disposed of or encumbered. No attempt to transfer unvested PSUs, whether voluntary or involuntary, by operation of law or otherwise, shall vest the transferee with any interest or right in or with respect to the shares. Notwithstanding the foregoing, you may, in the manner established by the Committee, designate a beneficiary or beneficiaries to exercise your rights to receive any property distributable with respect to the PSUs upon your death.

		
	6.
	No Rights as a Stockholder. You shall have no rights of a shareholder of the Common Stock on and after the Grant Date and until the date on which the Shares are issued in accordance with Section 7 of this Agreement.  Except as may be provided under Section 8 of the Plan, the Company will make no adjustment for dividends (ordinary or extraordinary and whether in cash, securities or other property) or distributions of other rights for which the record date is prior to the Performance Vesting Date of a PSU.

		
	7.
	Issuing shares. Upon any of the PSUs vesting and payment of the applicable withholding taxes pursuant to Section 11 of this Agreement, the Company shall cause the shares of Common Stock to be issued in book-entry form, registered in your name, within thirty (30) days following the date on which any of the PSUs vest pursuant to Section 1 or Section 2 but no later than March 15, 2023.

		
	8.
	Notices. Except as otherwise provided herein, all notices, requests, demands, and other communications under this Award Agreement shall be in writing, and if by telecopy, shall be deemed to have been validly served, given, or delivered when sent, or if by personal delivery or messenger or courier service, shall be deemed to have been validly served, given, or delivered upon actual delivery (but in no event may notice be given by deposit in the United States mail), at the following addresses and facsimile numbers (or such other address(es) and facsimile numbers a party may designate for itself by like notice):

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	a.
	If to the Company: Advance Auto Parts, Inc. located at 5008 Airport Road, Roanoke, Virginia, 24012, Attention: General Counsel or by facsimile at (xxx) xxx-xxxx;

With copy to: Advance Auto Parts, Inc. located at 2635 East Millbrook Road, Raleigh, North Carolina, 27604, Attention: Vice President, Total Rewards or by facsimile at (xxx) xxx-xxxx;
b.If to you, the Participant, to your home address on record with the Company or your business address at the Company.

		
	9.
	Non-Competition: Participant acknowledges and agrees that the Company is engaged in a highly competitive business, and that by virtue of Participant’s position and responsibilities as an employee of the Company and Participant’s access to Confidential Information, engaging in a business that is directly competitive with the Company will cause it great and irreparable harm.  Accordingly, Participant agrees that for a period of one (1) year after separation of his/her employment with the Company, whether such separation is voluntary or involuntary, Participant shall not, on his/her own behalf or on another’s behalf, (a) accept employment by or provide services for a Restricted Company, as that term is defined in Participant’s applicable Loyalty Agreement or Employment Agreement, in any capacity, role or position with substantially the same or similar duties as Participant performed during Participant’s employment with the Company; (b)  provide services, including consulting or contractor services for or on behalf of a Restricted Company , as that term is defined in Participant’s applicable Loyalty Agreement or Employment Agreement, which are the same or substantially similar as the duties Participant performed during Participant’s employment with the Company; or (c) provide services, including consulting or contractor services which would be directly or indirectly competitive with the Company. Participant understands that the business of the Company and Participant’s responsibilities on behalf of the Company have been nationwide and companywide in scope.  Accordingly, Participant agrees that this restriction will apply anywhere within the United States, including its territories and possessions, including but not limited to, Puerto Rico and the Virgin Islands, and Canada, including its territories and possessions.  In the event this territory is determined by a court of competent jurisdiction to be overbroad, the Territory may be reduced to any combination of the following which the Court deems reasonable:  The Continental United States; The states of: Alabama, Alaska, Arizona, Arkansas, Colorado, Connecticut, Delaware, Florida, Georgia, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Puerto Rico, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin, and Wyoming.  

		
	a.
	For purposes of this Agreement, “Confidential Information” means any proprietary information prepared or maintained in any format, including personnel information or data of Advance, technical data, trade secrets or know-how in which Advance or its Related Entities have an interest, including, but not limited to, business records, contracts, research, product or service plans, products, services, customer lists and customers (including, but not limited to, vendors to Advance or its Related Entities on whom Employee called, with whom Employee dealt or with whom Employee became acquainted during the term of Employee’s employment), pricing data, costs, markets, expansion plans, summaries, marketing and other business strategies, software, developments, inventions, processes, formulas, technology, designs, drawings, engineering, hardware configuration or marketing, financial or other business information obtained by Employee or disclosed to Employee by Advance or its Related Entities or any other person or entity during the term of Employee’s employment with Advance either directly or indirectly electronically, in writing, orally, by drawings, by observation of services, systems or other aspects of the business of Advance or its Related Entities or otherwise.  Confidential Information does not include information that: (A) was available to the public prior to the time of disclosure; or (B) becomes available to the public through no act or omission of Employee.

		
	b.
	Nothing in this Award Agreement shall prohibit or restrict Participant from lawfully (A) initiating communications directly with, cooperating with, providing information to, causing information to be provided to, or otherwise assisting in an investigation by other governmental or regulatory agency, entity, or official(s) or self-regulatory organization (collectively, “Governmental Authorities”) regarding a possible violation of any law, rule, or regulation; (B) responding to any inquiry or legal process directed to you individually (and not directed to the Company and/or its subsidiaries) from any such Governmental Authorities, including an inquiry about the existence of this Agreement or its underlying facts or circumstances; (C) testifying, participating or otherwise assisting in an action or proceeding by any such Governmental Authorities relating to a possible violation of law; or (D) making any other disclosures that are protected under the whistleblower provisions of any applicable law, rule, or regulation.  Additionally, pursuant to the federal

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 Defend Trade Secrets Act of 2016, Employee shall not be held criminally or civilly liable under any federal or state trade secret law for the disclosure of a trade secret that: (A) is made (i) in confidence to a federal, state, or local government official, either directly or indirectly, or to an attorney; and (ii) solely for the purpose of reporting or investigating a suspected violation of law; or (B) is made to Employee’s attorney in relation to a lawsuit for retaliation against Employee for reporting a suspected violation of law; or (C) is made in a complaint or other document filed in a lawsuit or other proceeding, if such filing is made under seal.  Nor does this Agreement require Employee to obtain prior authorization from the Company before engaging in any conduct described in this paragraph, or to notify the Company that Employee has engaged in any such conduct.  Additionally, nothing in this Award Agreement shall prohibit or restrict Participant from providing legal representation, engaging in the practice of law or any communication or contact with Participant, regardless of who initiates it, regarding any legal representation or the practice of law. 
		
	c.
	In the event that Participant violates any of the terms of this Section 10, Participant understands and agrees that in addition to the Company’s rights to obtain injunctive relief and damages for such violation, Participant shall return to the Company any shares of Common Stock received by Participant or Participant’s personal representative that vested on or after any such violation and pay to the Company in cash the amount of any proceeds received by Participant or Participant’s personal representative from the disposition or transfer of any such stock, and Participant’s unvested PSUs shall be immediately and irrevocably forfeited. 

		
	10.
	Confidentiality:  Due to the confidential information contained in this Agreement, including long-term performance measures, the Participant agrees not to disclose the terms of this Agreement to anyone other than the members of the Participant’s immediate family, Participant’s legal counsel, Participant’s accountant(s) or tax advisor(s), and/or Participant’s financial advisor(s), or as otherwise provided in Section 9 of this Agreement.  Should the details of this agreement be shared with the aforementioned, it shall be on a confidential basis.

		
	11.
	Income Tax Matters.

		
	a.
	The Company makes no representation or warranty as to the tax treatment of your receipt or vesting of the PSUs or upon your sale or other disposition of the shares received following vesting of your Performance-based RSUs. You should rely on your own tax advisors for such advice. The Company may take such action as it deems appropriate to ensure that all applicable federal or state payroll, withholding, income or other taxes (which are your sole and absolute responsibility) are withheld or collected from you at the time of vesting to comply with all applicable federal or state income tax laws or regulations. The Company will inform you of alternative methods to settle any applicable taxes due prior to the first vesting date of your Award.

		
	b.
	For the purpose of determining when shares otherwise issuable on account of your termination of employment or other association with Company will be issued, “termination of employment” or words of similar import, as used in this Award Agreement, shall mean the date as of which the Company and you reasonably anticipate that no further services will be performed by you, and shall be construed as the date that you first incur a “separation from service” for purposes of Section 409A of the Code on or following termination of employment or other association with the Company. Furthermore, if you are a “specified employee” of a public company as determined pursuant to Section 409A of the Code as of your termination of employment or other association with the Company, then any shares otherwise issuable on account of your termination of employment or other association with the Company that constitute deferred compensation within the meaning of Section 409A of the Code and that are otherwise payable during the first six months following your termination of employment or other association with the Company shall be issued to you on the earlier of (1) the date of your death and (2) the first business day of the seventh calendar month immediately following the month in which your termination of employment or other association with the Company occurs.

		
	12.
	Miscellaneous.

		
	a.
	This Award is made under the provisions of the Plan and shall be interpreted in a manner consistent with the Plan. To the extent that any provision in this Award Agreement is inconsistent with the Plan, the provisions of the Plan shall

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 control. The interpretation of the Committee of any provision of the Plan, the PSUs or this Award, and any determination with respect thereto or hereto by the Committee, shall be binding on all parties.  Notwithstanding anything herein to the contrary, this Award Agreement is intended to be interpreted and operated so that the payment of the benefits set forth herein either shall either be exempt from the requirements of Section 409A of the Internal Revenue Code of 1986  (“Code”) pursuant to the short-term deferral exception thereto; provided however that in no event shall the Company be liable to the Participant for or with respect to any taxes, penalties or interest which may be imposed upon the Participant pursuant to Code Section 409A.  To the extent that any Award granted by the Company is subject to Code Section 409A, such Award shall be subject to the terms and conditions that comply with the requirements of Code Section 409A to avoid adverse tax consequences under Code Section 409A.
		
	b.
	Nothing contained in this Award Agreement shall confer, intends to confer or imply any rights to an employment relationship or rights to a continued employment relationship with the Company or any Affiliate in your favor or limit the ability of the Company or an Affiliate, as the case may be, to terminate, with or without cause, in its sole and absolute discretion, your employment relationship with the Company or such Affiliate, subject to the terms of any written employment agreement to which you are a party.

		
	c.
	Neither the Plan nor this Award shall create or be construed to create a trust or separate fund of any kind or a fiduciary relationship between the Company or any Affiliate and you or any other person. To the extent that any person acquires a right to receive payments from the Company or any Affiliate pursuant to an Award, such right shall be no greater than the right of any unsecured creditor of the Company or any Affiliate.

		
	d.
	The Company shall not be required to deliver any shares of Common Stock until the requirements of any federal or state securities laws, rules or regulations or other laws or rules (including the rules of any securities exchange) as may be determined by the Company to be applicable are satisfied.

		
	e.
	An original record of this Award and all the terms hereof, executed by the Company, is held on file by the Company. To the extent there is any conflict between the terms contained in this Award Agreement and the terms contained in the original held by the Company, the terms of the original held by the Company shall control.

		
	f.
	If any provision in this Award Agreement is determined to be invalid, void or unenforceable by the decision of any court of competent jurisdiction, which determination is not appealed or appealable for any reason whatsoever, the provision in question shall not be deemed to affect or impair the validity or enforceability of any other provision of this Award Agreement and such invalid or unenforceable provision or portion thereof shall be severed from the remainder of this Award Agreement.

		
	g.
	For any Participant who is an Executive Officer of the Company as defined in the Company’s Incentive Compensation Clawback Policy (“Clawback Policy”), this Award shall be subject to the Clawback Policy as such policy shall be adopted, and from time to time amended, by the Board or the Compensation Committee.

		
	h.
	This Award is intended to be consistent with your Employment Agreement as in effect on the date first written above. However, to the extent that any provision of this Award Agreement is inconsistent with the terms of your Employment Agreement as in effect on the date first written above, the provisions of this Award Agreement shall control with respect to this Award.

In Witness Whereof, this Award Agreement has been executed by the Company as of the date first above written.
ADVANCE AUTO PARTS, INC.
By:   ____________________
Natalie Schechtman
Executive Vice President, Human Resources
Accepted and agreed, including specifically but without limitation as to the treatment of this Award in accordance with the terms of the Plan and this Award notwithstanding any terms of an Employment/ Loyalty Agreement between the Company and the undersigned to the contrary:
By:  
            ____________________                           ___________________    
Electronic Signature                Acceptance Date

5EXHIBIT 4.1

Total Capital International,

Company

and

TOTAL S.A.,

Guarantor

TO

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

Trustee

First Supplemental Indenture

Dated as of February 19, 2019

Supplement to Indenture dated as of February 17, 2012

$1,250,000,000 3.455% Guaranteed Notes Due 2029

 

  
 
FIRST SUPPLEMENTAL INDENTURE

This FIRST SUPPLEMENTAL INDENTURE, dated as of February 19, 2019 (this "First Supplemental Indenture"), is entered into by and between Total Capital International, a société anonyme duly organized and existing under the laws of the Republic of France (herein called the "Company"), having its principal office at 2, place Jean Millier, La Défense 6, 92400 Courbevoie, France, and TOTAL S.A., a société anonyme duly organized and existing under the laws of the Republic of France (herein called the "Guarantor"), having its principal office at 2, place Jean Millier, La Défense 6, 92400 Courbevoie, and The Bank of New York Mellon, acting through its London Branch, as Trustee (herein called the "Trustee") having its principal corporate trust office at One Canada Square, London E14 5AL, United Kingdom.

RECITALS

WHEREAS, the Company and the Guarantor have heretofore executed and delivered to the Trustee the Indenture, dated as of February 17, 2012 (herein called the "Base Indenture," and together with this First Supplemental Indenture, the "Indenture"), providing for the issuance from time to time of one or more series of the Company’s unsecured debentures, notes or other evidences of indebtedness (herein and in the Base Indenture called the "Securities"), the forms and terms of which are to be determined as set forth in Sections 201 and 301 of the Base Indenture;

WHEREAS, for the avoidance of doubt, The Bank of New York Mellon, acting through its London Branch, acts as Trustee and Paying Agent and The Bank of New York Mellon, New York, acts as Registrar and Transfer Agent under the Indenture;

WHEREAS, Section 901(7) of the Base Indenture permits supplements thereto without the consent of Holders to establish the form or terms of Securities of any series or the form of the Guarantee as permitted by Sections 201 and 301, and Section 901(10) of the Base Indenture permits the Company to make any other provisions with respect to matters or questions arising under this Indenture, provided, however, that such action shall not adversely affect the interests of the Holders of Securities of any series in any material respect; and

WHEREAS, the Company desires (i) to issue, as a single series of Securities under the Base Indenture, U.S.$1,250,000,000 3.455% Guaranteed Notes Due 2029 (the "Notes") to be issued pursuant to this First Supplemental Indenture dated as of February 19, 2019 and (ii) to amend certain other provision in the Base Indenture;

WHEREAS, Section 901(4) of the Base Indenture permits supplements thereto without the consent of Holders to provide for a Guarantee of any new series of Securities;

WHEREAS, Section 205 of the Base Indenture sets forth the text of the endorsement of the Guarantee for any Securities to be guaranteed by the Guarantor and the Guarantor desires to provide the Guarantees provided for herein and in the Base Indenture for the benefit of the holders of the Notes;

WHEREAS, this First Supplemental Indenture shall amend and supplement the Base Indenture except where this First Supplemental Indenture only applies to the Notes; to the extent that the terms of the Base Indenture are inconsistent with the provisions of this First Supplemental Indenture, the terms of this First Supplemental Indenture shall govern;

WHEREAS, all things necessary to make this First Supplemental Indenture a valid agreement of the Company and the Guarantor, in accordance with its terms, have been done.

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

ARTICLE ONE 

DEFINITIONS 

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

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

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

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

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

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

"Applicable Law" means any law or regulation. 

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

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

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

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

ARTICLE TWO

GENERAL TERMS AND CONDITIONS OF THE NOTES

SECTION 201. Designation and Principal Amount. There is hereby authorized and established a series of Securities under the Indenture, designated the "U.S.$1,250,000,000 3.455% Guaranteed Notes Due 2029" (the "Notes"), which shall be deemed "Securities" for all purposes under the Indenture. 

SECTION 202. Maturity. The Stated Maturity of principal of the Notes is February 19, 2029. 

SECTION 203. Further Issues. The Company may from time to time, without the consent of the Holders of the Notes, issue additional Notes. Any such additional Notes will have the same ranking, interest rate, maturity date and other terms (except for the date from which interest accrues, the issue price and, in some cases, the first interest payment date on the new notes, if any) as the Notes herein provided for. Any

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 such additional Notes, together with the Notes herein provided for, will constitute a single series of Securities under the Indenture. 

SECTION 204. Form of Notes. The form of the Notes shall be substantially as set forth in Exhibit A, as attached hereto, which is incorporated herein and made part hereof. 

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

SECTION 205. Redemption. 

Prior to November 19, 2028 (three months prior to the Stated Maturity), the Notes shall be redeemable in whole or in part, at any time and from time to time, at a redemption price equal to the greater of (i) 100% of the principal amount of the Notes to be redeemed and (ii) the sum of the present values of the remaining scheduled payments of principal and interest on the Notes to be redeemed (not including any portion of payments of interest accrued to the redemption date) discounted to the redemption date on a semi-annual basis (assuming a 360-day year consisting of twelve 30-day months) at the Treasury Rate (as defined in Exhibit A hereto) plus 15 basis points, plus accrued and unpaid interest to (but excluding) the date of redemption. In accordance with the terms of the Notes, the Quotation Agent (as defined in Exhibit A hereto) shall be responsible for calculating the make-whole amount in connection with any redemption hereunder. 

On or after November 19, 2028 (three months prior to the Stated Maturity), the Notes shall be redeemable in whole or in part, at any time and from time to time, at a redemption price equal to 100% of the principal amount of the Notes to be redeemed, plus accrued and unpaid interest to (but excluding) the date of redemption.

SECTION 207. Issuance of Notes; Selection of Depositary. The Notes shall be issued as Global Securities in registered form, without coupons. The initial Depositary for the Notes shall be The Depository Trust Company. 

SECTION 208. Authorized Denominations. The Notes shall be issuable in denominations of U.S.$2,000 and any integral multiple of U.S.$1,000. 

SECTION 209. No Sinking Fund. No sinking fund will be provided with respect to the Notes. 

ARTICLE THREE 

AMENDMENTS TO THE BASE INDENTURE 

APPLICABLE TO THE NOTES ONLY 

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

ARTICLE THIRTEEN 

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

Each party to this Indenture shall, within ten (10) business days of a written request by another party to this Indenture, supply to that other party such forms, documentation and other information relating to it, its operations, or the Notes as that other party reasonably requests for the purposes of that other party’s compliance with Applicable Law and shall notify the relevant other party reasonably promptly in the event that it becomes aware that any of the forms, documentation or other information provided by such party is (or becomes) inaccurate in any material respect; provided, however, that no party to this Indenture shall

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 be required to provide any forms, documentation or other information pursuant to this Article to the extent that: (i) any such form, documentation or other information (or the information required to be provided on such form or documentation) is not reasonably available to such party and cannot be obtained by such party using reasonable efforts; or (ii) doing so would or might in the reasonable opinion of such party constitute a breach of any: (a) Applicable Law; (b) fiduciary duty; or (c) duty of confidentiality. For purposes of this this Article, "Applicable Law" shall be deemed to include (i) any rule or practice of any Authority by which any party is bound or with which it is accustomed to comply; (ii) any agreement between any Authorities; and (iii) any agreement between any Authority and any party to this Indenture that is customarily entered into by institutions of a similar nature. 

Section 1302. Notice of Possible Withholding Under FATCA. 

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

Section 1303. Agent Right to Withhold. 

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

Section 1304. Issuer Right to Redirect. 

In the event that the Company determines in its sole discretion that any deduction or withholding for or on account of any Tax will be required by Applicable Law in connection with any payment due to any of the Paying Agents on the Notes, then the Company will be entitled to redirect or reorganize any such payment in any way that it sees fit in order that the payment may be made without such deduction or withholding provided that, any such redirected or reorganized payment is made through a recognized institution of international standing and otherwise made in accordance with this Indenture. The Company will promptly notify the Paying Agents and the Trustee of any such redirection or reorganization. For the avoidance of doubt, FATCA Withholding is a deduction or withholding which is deemed to be required by Applicable Law for the purposes of this Section 1304. 

SECTION 402. Additional Amounts. With respect to the Notes only, Section 1010 of the Base Indenture is amended by adding a paragraph to Section 1010, which shall read as follows: 

Furthermore, any amounts to be paid by the Company or the Guarantor, as the case may be, on the debt securities will be paid net of any FATCA Withholding. Neither the Company nor the Guarantor will be required to pay Additional Amounts on account of any FATCA Withholding. 

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ARTICLE FOUR 

OTHER GENERAL AMENDMENTS TO THE BASE INDENTURE 

SECTION 501. Notices, Etc., to Trustee, Company and Guarantor. Article One of the Base Indenture is amended by adding a paragraph to Section 105, which shall read as follows: 

If the Trustee is requested to act on instructions or directions delivered by fax, email or any other unsecured method of communication or any instructions or directions delivered through BNY Mellon Connect, CIDD, Nexen or any alternative electronic platform used to submit instructions, the Trustee and shall have (i) no duty or obligation to verify or confirm that the person who sent such instructions or directions is, in fact, a person authorized to give instructions or directions on behalf of the Company, and (ii) no liability for any losses, liabilities, costs or expenses incurred or sustained by the Company as a result of such reliance upon or compliance with such instructions or directions. 

SECTION 502. Application of Money Collected. Article Five of the Base Indenture is amended by amending and restating Section 506 in its entirety, which shall read as follows: 

Section 506. Application of Money Collected. 

Any money or property collected by the Trustee pursuant to this Article or otherwise distributable in respect of the Company’s or Guarantor’s obligations hereunder shall be applied in the following order, at the date or dates fixed by the Trustee and, in case of the distribution of such money on account of principal (or premium, if any) or interest, upon presentation of the Securities and the notation thereon of the payment if only partially paid and upon surrender thereof if fully paid: 

FIRST: To the payment of all amounts due the Trustee (including any predecessor Trustee) under Section 607 and any and all amounts due and owing hereunder; and 

SECOND: To the payment of the amounts then due and unpaid for principal of (and premium, if any) and interest on the Securities in respect of which or for the benefit of which such money has been collected, ratably, without preference or priority of any kind, according to the amounts due and payable on such Securities for principal (and premium, if any) and interest, respectively. 

SECTION 503. Notice of Defaults. Article Six of the Base Indenture is amended by amending and restating Section 602 in its entirety, which shall read as follows: 

Section 602. Notice of Defaults. 

Within 90 days after the receipt of a written Notice of Default by the Trustee notifying it of any default, except in the case of a default in the payment of the principal of (or premium, if any) or interest on any Security of such series or in the payment of any sinking fund installment with respect to Securities of such series, hereunder with respect to the Securities of any series, the Trustee shall transmit by mail to all Holders of Securities of such series, as their names and addresses appear in the Security Register, notice of all such defaults hereunder, unless such default shall have been cured or waived; provided, however, that, except in the case of a default in the payment of the principal of (or premium, if any) or interest on any Security of such series or in the payment of any sinking fund installment with respect to Securities of such series, the Trustee shall be protected in withholding such notice if and so long as the board of directors, the executive committee or a trust committee of directors or Responsible Officers of the Trustee in good faith determine that the withholding of such notice is in the interest of the Holders of Securities of such series; and provided, further, that, in the case of any default of the character specified in Section 501(4) with respect to Securities of such series, no such notice to Holders shall be given until at least 30 days after the occurrence thereof. For the purpose of this Section, the term "default" means any event which is, or after notice or lapse of time or both would become, an Event of Default with respect to Securities of such series. 

SECTION 501. Compensation and Reimbursement. Article Six of the Base Indenture is amended by adding a paragraph to Section 607, which shall read as follows: 

If the Trustee is required by applicable law to render services in connection with an Event of Default pursuant to Section 501(5), the parties hereto agree that the relevant fees and expenses in connection with such services are intended to constitute administrative expenses in any bankruptcy proceeding, subject to any applicable bankruptcy, insolvency, reorganization or similar law of the Company’s or the Guarantor’s jurisdiction of incorporation. 

  5
    

  

  

SECTION 504. Execution of Supplemental Indentures. Article Nine of the Base Indenture is amended by amending and restating Section 903 in its entirety, which shall read as follows: 

Section 903. Execution of Supplemental Indentures. 

In executing, or accepting the additional trusts created by, any supplemental indenture permitted by this Article or the modifications thereby of the trusts created by this Indenture, the Trustee shall be entitled to receive, and (subject to Section 601) shall be fully protected in relying upon, an Opinion of Counsel stating that the execution of such supplemental indenture is authorized or permitted by this Indenture, all conditions precedent have been complied with and that such supplemental indenture constitutes the legal, valid and binding obligation of the Issuer subject to the customary exceptions. The Trustee may, but shall not be obligated to, enter into any such supplemental indenture which affects the Trustee’s own rights, duties or immunities under this Indenture or otherwise. 

ARTICLE FIVE 

MISCELLANEOUS 

SECTION 601. Execution as Supplemental Indenture. This First Supplemental Indenture is executed and shall be construed as an indenture supplemental to the Base Indenture and, as provided in the Base Indenture, this First Supplemental Indenture forms a part thereof. Except as herein expressly otherwise defined, the use of the terms and expressions herein is in accordance with the definitions, uses and constructions contained in the Base Indenture. 

SECTION 602. Provisions Binding on Company’s and Guarantor’s Successors. All the covenants, stipulations, promises and agreements of the Company contained in this First Supplemental Indenture shall bind the Company’s successors and assigns whether so expressed or not. All the covenants, stipulations, promises and agreements of the Guarantor contained in this First Supplemental Indenture shall bind the Guarantor’s successors and assigns whether so expressed or not. 

SECTION 603. New York Contract. This First Supplemental Indenture, each Note and the Guarantees shall be governed by and construed in accordance with the laws of the state of New York. 

SECTION 604. Execution and Counterparts. This First Supplemental Indenture may be executed with counterpart signature pages or in any number of counterparts, each of which shall be an original but such counterparts shall together constitute but one and the same instrument. 

SECTION 605. Capitalized Terms. Capitalized terms not otherwise defined in this First Supplemental Indenture shall have the respective meanings assigned to them in the Base Indenture. 

6
  

 
 
   
 

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

  		
		By: TOTAL FINANCE  CORPORATE SERVICES LIMITED

		
		 
		By:  /s/ ANTOINE LARENAUDIE

		Name: Antoine  Larenaudie

		Title: Authorized  Signatory

		
		
	 	
	Attest:
	
		
		
	 	
	/s/  VINCENT SIMONET
	
	Name:  Vincent Simonet
	
	Title:  Authorized Signatory
	
		
		
		
		
		TOTAL  S.A.

		
		By:  /s/ ANTOINE LARENAUDIE

		Name: Antoine  Larenaudie

		Title: Group  Treasurer and Authorized Signatory

[Signature Page to First Supplemental Indenture]

 

 
 

 
  		
		
      THE BANK OF NEW YORK MELLON,

acting through its London Branch, as Trustee

		
		 
		By:  /s/ MELISSA LAIDLEY

		Name: Melissa Laidley

		Title: Vice-President

		
		

  [Signature Page to the First Supplemental Indenture]

 

 
 

  
EXHIBIT A 

FORM OF NOTES 

Face of Security 

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

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

TOTAL CAPITAL International 

3.455% GUARANTEED NOTE DUE 2029 

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

 

TOTAL CAPITAL INTERNATIONAL, a société anonyme duly organized and existing under the laws of the Republic of France with a capital of €300,000 having its registered office at 2 Place Jean Millier, La Défense 6, 92400 Courbevoie, France, for a term that will expire on December 13, 2103, with the Registry of Commerce and Companies (Registre du commerce et des sociétés) of Nanterre under No. 479 858 854 (herein called the "Company", which term includes any successor or substitute corporation under the Indenture hereinafter referred to), for value received, hereby promises to pay to Cede & Co., or registered assigns, the principal sum of [____] (U.S.$[___]) on February 19, 2029 and to pay interest thereon from February 19, 2019 or from the most recent Interest Payment Date to which interest has been paid or duly provided for, semi-annually on February 19 and August 19 of each year (each an "Interest Payment Date"), commencing February 19, 2019, at the rate of 3.455% per annum, until the principal hereof is paid or made available for payment. The interest so payable, and punctually paid or duly provided for, on any Interest Payment Date will, as provided in such Indenture, be paid to the Person in whose name this Security (or one or more Predecessor Securities) is registered at the close of business on the Regular Record Date for such interest, which shall be the February 4 or August 4 (whether or not a Business Day), as the case may be, next preceding such Interest Payment Date. Any such interest not so punctually paid or duly provided for will forthwith cease to be payable to the Holder on such Regular Record Date and may either be paid to the Person in whose name this Security (or one or more Predecessor Securities) is registered at the close of business on a Special Record Date for the payment of such Defaulted Interest to be fixed by the Trustee, notice whereof shall be given to Holders of Securities of this series not less than 

  A - 1
    

  

  

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

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

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

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

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

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

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

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

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

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

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

Reference is hereby made to the further provisions of this Security set forth on the reverse hereof, which further provisions shall for all purposes have the same effect as if set forth at this place. 

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

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

Dated: February 19, 2019 

	    	    	    
	
TOTAL  CAPITAL  INTERNATIONAL
  
	
By:
  	    	
TOTAL  FINANCE CORPORATE SERVICES LIMITED
  

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

 

Attest: 

	    	    	    	    	    
	    	    	    
			 		__________________________________
	    	    	
Name:
  	    	
Vincent Simonet
  
	    	    	
Title:
  	    	
Authorized  Signatory
  

  A - 4
    

  

  

 Trustee’s Certificate of Authentication 

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

Dated: February 19, 2019 

	    	    	    
	
THE BANK OF NEW  YORK MELLON,
  
	
LONDON  BRANCH
  as Trustee
  
	    	    
	
By
  	    	__________________________________ 
	
Authorized  Signatory
  

  A - 5
    

  

  

 REVERSE OF SECURITY

This Security is one of a duly authorized issue of securities of the Company (herein called the "Securities"), issued and to be issued outside France in one or more series under an Indenture, dated as of February 17, 2012, as supplemented by the supplemental indenture, dated February 19, 2019 (herein called the "Indenture"), among the Company, as issuer, TOTAL S.A., as Guarantor (herein called the "Guarantor"), and The Bank of New York Mellon, acting through its London Branch, as Trustee (herein called the "Trustee", which term includes any successor trustee under the Indenture), to which Indenture and all indentures supplemental thereto reference is hereby made for a statement of the respective rights, limitation of rights, duties and immunities thereunder of the Company, the Guarantor, the Trustee and the Holders of the Securities and of the terms upon which the Securities are, and are to be, authenticated and delivered. This Security is one of the series designated on the face hereof, initially limited in aggregate principal amount to U.S.$1,250,000,000. 

The Securities of this series are subject to redemption upon not less than 30 nor more than 60 days’ notice by mail, as follows: (A) prior to November 19, 2028 (three months prior to the Stated Maturity), the Notes shall be redeemable in whole or in part, at any time and from time to time, at a redemption price (the "Optional Make-Whole Redemption Price") equal to the greater of (i) 100% of the principal amount of the Notes to be redeemed and (ii) the sum of the present values of the remaining scheduled payments of principal and interest on the Securities to be redeemed (not including any portion of payments of interest accrued to the relevant redemption date (any such date, the "Redemption Date")) discounted to the relevant Redemption Date on a semi-annual basis (assuming a 360-day year consisting of twelve 30-day months) at the Treasury Rate plus 15 basis points, plus accrued and unpaid interest to (but excluding) the relevant Redemption Date and (B) on or after November 19, 2028 (three months prior to Stated Maturity), the Notes shall be redeemable in whole or in part, at any time and from time to time, at a redemption price equal to 100% of the principal amount of the Notes to be redeemed, plus accrued and unpaid interest to (but excluding) the Redemption Date.

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

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

"Comparable Treasury Issue" means the U.S. Treasury security or securities selected by the Quotation Agent as having an actual or interpolated maturity comparable to the remaining term of the Securities of this series to be redeemed that would be utilized, at the time of selection and in accordance with customary financial practice, in pricing new issues of corporate debt securities of comparable maturity to the remaining term of such Securities. 

"Comparable Treasury Price" means, with respect to any Redemption Date, the average of the Reference Treasury Dealer Quotations for such Redemption Date. 

"Quotation Agent" means one of the Reference Treasury Dealers appointed by Total Capital International and TOTAL S.A. 

"Reference Treasury Dealer" means each of Goldman Sachs & Co. LLC, Morgan Stanley & Co. LLC, SG Americas Securities, LLC, and a primary U.S. government securities dealer selected by MUFG Securities Americas Inc. or their respective affiliates which are primary U.S. government securities dealers, and their respective successors, and three other primary U.S. government securities dealers selected by Total Capital International and TOTAL S.A., provided, however, that if any of the foregoing shall cease to be a primary U.S. government securities dealer in the United States (a "primary treasury dealer"), Total Capital International and TOTAL S.A. shall substitute therefore another primary treasury dealer. 

A - 6
  

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

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

"Business Day" shall mean each Monday, Tuesday, Wednesday, Thursday and Friday which is not a day on which banking or trust institutions in The City of New York are authorized generally or obligated by law, regulation or executive order to close. 

If an Event of Default with respect to Securities of this series shall occur and be continuing, the principal of the Securities of this series may be declared due and payable in the manner and with the effect provided in the Indenture. 

In the event of redemption of this Security in part only, a new Security or Securities of this series for the unredeemed portion hereof will be issued in the name of the Holder hereof upon the cancellation hereof. 

This Security is also redeemable prior to Stated Maturity as permitted under Section 1108 ("Optional Redemption Due to Changes in Tax Treatment"); the date specified for the Securities of this series, for the purpose of said Section 1108, is February 19, 2019. 

The Indenture permits, with certain exceptions as therein provided, the amendment thereof and the modification of the rights and obligations of the Company and the Guarantor and the rights of the Holders of the Securities of each series to be affected under the Indenture at any time by the Company, the Guarantor and the Trustee with the consent of the Holders of a majority in principal amount of the Securities at the time Outstanding of each series to be affected. The Indenture also contains provisions permitting the Holders of specified percentages in principal amount of the Securities of each series at the time Outstanding, on behalf of the Holders of all Securities of such series, to waive compliance by the Company or the Guarantor, or both, with certain provisions of the Indenture and certain past defaults under the Indenture and their consequences. Any such consent or waiver by the Holder of this Security shall be conclusive and binding upon such Holder and upon all future Holders of this Security and of any Security issued upon the registration of transfer hereof or in exchange herefor or in lieu hereof, whether or not notation of such consent or waiver is made upon this Security. 

As provided in and subject to the provisions of the Indenture, the Holder of this Security shall not have the right to institute any proceeding with respect to the Indenture or for the appointment of a receiver or trustee or for any other remedy thereunder, unless such Holder shall have previously given the Trustee written notice of a continuing Event of Default with respect to the Securities of this series, the Holders of not less than 25% in principal amount of the Securities of this series at the time Outstanding shall have made written request to the Trustee to institute proceedings in respect of such Event of Default as Trustee and offered the Trustee reasonable indemnity, and the Trustee shall not have received from the Holders of a majority in principal amount of Securities of this series at the time Outstanding a direction inconsistent with such request, and shall have failed to institute any such proceeding, for 60 days after receipt of such notice, request and offer of indemnity. The foregoing shall not apply to any suit instituted by the Holder of this Security for the enforcement of any payment of principal hereof or any premium or interest hereon on or after the respective due dates expressed or provided for herein. 

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

As provided in the Indenture and subject to certain limitations therein set forth, the transfer of this Security is registrable in the Security Register, upon surrender of this Security for registration of transfer at the 

A - 7
  

office or agency of the Company in any place where the principal of (and premium, if any) and interest on this Security are payable, duly endorsed by, or accompanied by a written instrument of transfer in form satisfactory to the Company and the Security Registrar duly executed by, the Holder hereof or his attorney duly authorized in writing, and thereupon one or more new Securities of this series, of authorized denominations and for the same aggregate principal amount, will be issued to the designated transferee or transferees. 

The Securities of this series are issuable only in registered form without coupons in denominations of U.S.$2,000 and any integral multiple of U.S.$1,000. As provided in the Indenture and subject to certain limitations therein set forth, Securities of this series are exchangeable for a like aggregate principal amount of Securities of this series of a different authorized denomination, as requested by the Holder surrendering the same. 

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

Prior to due presentment of this Security for registration of transfer, the Company, the Guarantor, the Trustee and any agent of the Company, the Guarantor or the Trustee may treat the Person in whose name this Security is registered as the owner hereof for all purposes (subject to Section 307 of the Indenture), whether or not this Security be overdue, and neither the Company, the Guarantor, the Trustee nor any such agent shall be affected by notice to the contrary. 

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

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

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GUARANTEE OF TOTAL S.A. 

For value received, TOTAL S.A., a société anonyme duly organized and existing under the laws of the Republic of France (herein called the "Guarantor", which term includes any successor corporation under the Indenture referred to in the Security upon which this Guarantee is endorsed), hereby unconditionally guarantees to the Holder of the Security upon which this Guarantee is endorsed and to the Trustee referred to in such Indenture due and prompt payment of the principal of (and premium, if any) and interest (including additional amounts) on such Security, when and as the same shall become due and payable, whether at the Stated Maturity, by declaration of acceleration, call for redemption or otherwise, according to the terms thereof and of the Indenture referred to therein. In case of the failure of Total Capital International, a société anonyme duly organized and existing under the laws of the Republic of France (herein called the "Company", which term includes any successor corporation under such Indenture) punctually to make any such principal, premium or interest (including additional amounts) payment, the Guarantor hereby agrees to cause any such payment to be made promptly when and as the same shall become due and payable, whether at the Stated Maturity, by declaration of acceleration, call for redemption or otherwise, and as if such payment were made by the Company. 

The Guarantor hereby further agrees, subject to the limitations and exceptions set forth below, that if any deduction or withholding for any present or future taxes, assessments or other governmental charges of the jurisdiction (or any political subdivision or taxing authority thereof or therein) in which the Guarantor is incorporated, shall at any time be required by such jurisdiction (or any such political subdivision or taxing authority thereof or therein) in respect of any amounts to be paid by the Guarantor under this Guarantee, the Guarantor will pay to the Holder of a Security of such series such additional amounts as may be necessary in order that the net amounts paid to such Holder of such Security, after such deduction or withholding, shall be not less than the amounts specified in such Security to which such Holder is otherwise entitled; provided, however, that the Guarantor shall not be required to make any payment of additional amounts for or on account of: 

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

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

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

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

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

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

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

Additionally, if under the terms of the debt securities the Company is not required to pay any additional amounts, then the Guarantor shall not be required to pay additional amounts under the guarantee. 

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

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

The Guarantor shall be subrogated to all rights of the Holder of such Security against the Company in respect of any amounts paid to such Holder by the Guarantor pursuant to the provisions of this Guarantee; provided, however, that the Guarantor shall not be entitled to enforce, or to receive any payments arising out of or based upon, such right of subrogation until the principal of (and premium, if any) and interest on all Securities of the same series issued under such Indenture shall have been paid in full. 

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

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

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

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

Dated: February 19, 2019 

	    	    	    
	
TOTAL  S.A.
  
	    	    
	
By
  	    	__________________________________    
	
Name:
  	    	
Antoine  Larenaudie
  
	
Title:
  	    	
Group  Treasurer and Authorized Signatory
  

 

Attest:

	    	    	    	    	    
	    	    	    
			 		__________________________________
	    	    	
Name:
  	    	
Vincent  Simonet
  
	    	    	
Title:
  	    	
Authorized  Signatory
  

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